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☆ Can Russia Tame Wagner in Africa Without Destroying It?
▼ + stars: | 2023-06-29 | by ( Elian Peltier | Raja Abdulrahim | ) www.nytimes.com time to read: +1 min

Hours after Yevgeny V. Prigozhin and his Wagner mercenary group ended their rebellion on Saturday, officials with the Russian Foreign Ministry phoned the president of the Central African Republic to assure him that the thousands of Wagner fighters deployed in his country would stay, and that Russia would keep looking for new ventures in Africa. Thousands of miles away, and as the rebellion was still underway, Russian troops in Syria had surrounded several bases that host Wagner fighters, fearing that the contagion might spread beyond Russia. Russia’s leadership had encountered some issues with “the head of the paramilitaries,” they told the Central African president, Faustin-Archange Touadéra, but those issues had been resolved and the Kremlin, they assured him, was in control. The Wagner group was the personal project of Mr. Prigozhin, who built it over nearly a decade into a sprawling enterprise, with tentacles reaching from Libya, across Africa and into the Middle East. The group has deployed troops in five African countries, and Mr. Prigozhin’s affiliates have been present in more than a dozen in total.

Persons: Yevgeny V, Prigozhin, Wagner, Russia’s, ” Organizations: Russian Foreign Ministry, Central African, Faustin, Kremlin Locations: Central African Republic, Russia, Africa, Syria, Libya

☆ Lessons from the original Industrial Revolution
▼ + stars: | 2023-06-09 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

These are brilliantly described by Martin Hutchinson, a former Breakingviews columnist, in his new book “Forging Modernity: Why and How Britain Developed the Industrial Revolution”. In fact, several pioneers of the Industrial Revolution were self-taught. The Industrial Revolution can be viewed as the world’s first successful energy transition. The task of financing the Industrial Revolution fell to banks that were scattered across the country, some 800 in all. We are so accustomed to the economic growth sparked by the Industrial Revolution that we tend to view economic expansion as pretty much inevitable.

Persons: Martin Hutchinson, King Charles I, Charles, Duke, Bridgewater, Hutchinson, Josiah Wedgwood, Trent, Samuel, Richard, Adam Smith, William Pitt the Younger, Lord Liverpool, Smith, ”, “, Adam Smith’s, Peter Thal Larsen, Oliver Taslic Organizations: Reuters, Royal Society, Industrial, Nations, Reuters Graphics Reuters, Government, Dudley, Thomson Locations: Britain, England, British, Manchester, Birmingham, Bridgewater, Mersey, Samuel Whitbread’s, West Indies, Netherlands, United Kingdom

Debate over the US debt ceiling puts the potential of a US Treasury default in focus. Failing to do so could lead to a US Treasury default if the government becomes unable to make payments on all of its outstanding debts. "This type of default — one that occurs due to not being able to raise the debt ceiling — would be unprecedented," Steeno says. 6 ways a US Treasury default could hurt your financesHere are some of the biggest financial impacts Americans would feel in the event of a US Treasury default:1. But a Treasury default could undo any progress they've been made.

☆ What credit ratings have to do with the fallout at Silicon Valley Bank and First Republic — and why they matter so much to banks
▼ + stars: | 2023-03-16 | by ( Huileng Tan | ) www.businessinsider.com time to read: +8 min

As panic shoots across the banking sector, US banks' credit ratings have come under the spotlight, and investors are zooming in on how these institutions are graded. Moody's, S&P Global, and Fitch are three big credit ratings agencies that control about 95% of the credit ratings in the financial markets. In fact, during the global financial crisis, credit ratings agencies had been blasted for giving better ratings to risky mortgage-backed securities and collateralized loans. Fears of the crisis spreading have also hit the credit ratings of First Republic Bank. First Republic Bank is now considering various options —including a sale – Bloomberg reported Wednesday, citing people with knowledge of the matter.

TORONTO, March 13 (Reuters) - Last week's sudden collapse of Silicon Valley Bank (SVB) could choke funding for Canada's technology start-ups and place them in the hands of domestic lenders who may be more selective in financing new ventures, financiers told Reuters. Companies including Shopify Inc (SHOP.TO) were examples of Canada's tech success story, which helped pull more investments into the sector. Benjamin Bergen, president at Council of Canadian Innovators, a lobby group for Canadian technology companies, agreed. "Before SVB went down, accessing capital was increasingly becoming tighter and tighter for Canadians for startups for scale ups," he said. Aside from the banks, the federal government also has a Venture Capital Catalyst Initiative program that invests in promising Canadian technology companies.

☆ How TV dinners changed American cooking, forever
▼ + stars: | 2023-02-24 | by ( Kate Sammer | ) www.cnbc.com time to read: +1 min

American frozen food aisles wouldn't be as jam-packed if it wasn't for the TV dinner. Our desire for convenience in the kitchen has fueled a wave of food innovations, and it all began with the TV dinner. The TV dinner's promise of a hot-and-ready meal in under 25 minutes laid the groundwork for convenience-centric meal options to become the norm today. "Convenience foods are always going to be important for the consumer," said Phyllis Levy, the former executive director of new ventures at Campbell Soup Company . Watch this video to find out how TV dinners ushered in a new age of convenience in American kitchens, and how they led to a pandemic-era boom in frozen food sales.

☆ Chipotle Mexican Grill to launch new spinoff, Farmesa Fresh Eatery, in a ghost kitchen
▼ + stars: | 2023-02-15 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

Chipotle Mexican Grill is launching a new spinoff, called Farmesa Fresh Eatery, in a California ghost kitchen. And, "when the time is right," Lawton said, Chipotle will use its loyalty program database to attract potential Farmesa customers. When opened, the Santa Monica location will be Kitchen United's 24th ghost kitchen. For Chipotle, Kitchen United's model allows the restaurant chain to test out the new brand with reduced risk. For now, Chipotle's chief purpose with the location is simply to learn, but that doesn't mean Farmesa won't grow.

☆ Chipotle is launching Farmesa, a spinoff selling 'California-inspired' bowls of salmon, whipped potatoes, quinoa, and more
▼ + stars: | 2023-02-15 | by ( Nancy Luna | ) www.businessinsider.com time to read: +5 min

Chipotle is launching a virtual restaurant brand featuring "California-inspired" bowls. The virtual restaurant makes its debut later this month in a ghost kitchen in Santa Monica, California. Farmesa will operate at the Kitchen United Mix food hall at Third Street Promenade, a tourist-heavy outdoor retail center in Santa Monica. Kitchen United is a Pasadena, California-based ghost kitchen operator with locations all over the US. Chipotle's new concept, Farmesa, is opening later this month at ghost kitchen/food hall Kitchen United Mix.

☆ After a bumper run, analysts say these 3 oil and gas stocks are set for another 50% rise
▼ + stars: | 2023-02-14 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

The oil and gas sector provided investors stellar returns in 2022 when the rest of the market failed to perform. The S & P Oil & Gas Exploration & Production Index was up 45% last year. Analysts and fund managers say several key factors may push up oil prices in the near future. Earthstone Energy Shares of Earthstone , a Texas-headquartered independent oil and gas company, are expected to go up by 85.8% by analysts over the next year. Meanwhile, the benchmark S & P Oil & Gas Exploration & Production Index has risen by 3% over the same period.

☆ Blame the CEO for Tech Layoffs at Google, Facebook, Salesforce, Amazon
▼ + stars: | 2023-02-06 | by ( Ed Zitron | ) www.businessinsider.com time to read: +10 min

CEOs made mistakes, workers bear the bruntIn their layoff announcements, pretty much every tech company placed the blame for the cuts on the economy. While they may protect the CEO's reputation or placate investors, layoffs are immensely damaging for workers, even well-paid tech employees. With great power comes no responsibilityThe blame-shifting of these tech companies and their CEOs is not unprecedented, or even that uncommon. CEO pay skyrocketed by 1,460% from 1978 to 2021, and the ratio of average-worker pay to CEO pay ballooned from 20-to-1 in 1965 to 399-to-1 in 2021. Instead, tech CEOs have passed the pain off to people who in many cases were performing well in their roles.

☆ I started my company with $40 and grew it to $4 million in revenue. Here are the best business investments I made and what entrepreneurs should avoid.
▼ + stars: | 2023-02-06 | by ( Alexandra York | ) www.businessinsider.com time to read: +4 min

Tori Dunlap started her financial-advice blog with $40 and grew it to $4 million in revenue last year. She shares the most important investments for any business owner and what founders should avoid. In a conversation with Insider, Dunlap shared the most important business investments she's made and what founders should avoid. People are the most important investmentWhile I started the business on my own, outsourcing tasks and bringing people onto the team was the best investment I ever made. It can be a waste of money if you're paying for something just because other business owners do.

☆ Nordstrom could use an activist, but Ryan Cohen might not be the right one
▼ + stars: | 2023-02-03 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +6 min

Activist investor Ryan Cohen is building a stake in the department store chain as he looks to shake up its board, people familiar with the matter told CNBC. Tritton had once worked at Nordstrom, and Cohen thinks this makes him "conflicted and unqualified" to serve, the Journal report said. JWN 1D mountain Nordstrom shares surged after a report says Ryan Cohen is building a stake in the department store chain. 'Begs for an activist' The department store business hasn't been an easy one as shoppers buy more goods online or look to avoid large malls. The analyst also recalled that El Puerto de Liverpool, a Mexico City-based department store operator, holds a 10% stake in Nordstrom.

☆ Universal will open a new theme park in Texas and a horror experience in Las Vegas in a massive expansion
▼ + stars: | 2023-01-12 | by ( Brittany Chang | ) www.businessinsider.com time to read: +3 min

Universal Parks and Resorts has announced two new developments in Frisco, Texas, and Las Vegas. The 110,000-square-foot project in Las Vegas will become a permanent horror experience. Instead, the Texas property will be a first-of-its-kind theme park for families while the Las Vegas development will become a go-to destination for horror fanatics. But similar to Universal Orlando park and resort, this Texas property will grow to include a themed hotel as well. A rendering of Universal Parks and Resorts' upcoming horror attraction in Las Vegas.

Parafin, launched in 2020, works with so-called platform partners, or companies that other small businesses sell their products through. All the cofounders knew was that they wanted to build technology that would help small businesses. And they may not get their first contract payment from the government for as long as 120 days," Reed, the startup's CEO, told Insider. Helping small businesses manage their taxesComplYant's founder Shiloh Jackson wants to help people be present in their bookkeeping. HoneyBookWhile countless small businesses have been harmed by the pandemic, self-employment and entrepreneurship have found ways to blossom as Americans started new ventures.

☆ Why now is the best time for Gen Zers to launch a business, and how they're taking advantage of the opportunity to change the workforce
▼ + stars: | 2023-01-05 | by ( Alexandra York | ) www.businessinsider.com time to read: +6 min

Here's why now is the best time for Gen Zers to start their own businesses. It helps that some successful Gen Zers are earning more than America's top CEOs. Here's why now is the best time to start a business for young people and two Gen Z entrepreneurs who have done it. New ventures in copywriting, social media management, and virtual assisting have been among some of the most successful, Mawhinney said. With this in mind, young founders have the opportunity to build brands that new workers resonate with.

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In Montana, you can borrow up to $726,200 for a conforming mortgage. Most Montana counties limit you to borrowing $472,030 for an FHA mortgage, but a select few have higher maximums. Montana conforming and FHA mortgage borrowing limits by countyTo get a conforming mortgage — which is what most people think of as a "regular mortgage" — in Montana, you can borrow up to $726,200. Borrowing limits for FHA mortgages are different in some counties. Note: To borrow more than $726,200 in Montana, you'll have to apply for a jumbo mortgage.

☆ Behind a Wall Street headhunter's rapid ascent lie accusations of harassment and abuse
▼ + stars: | 2022-12-21 | by ( Alex Morrell | ) www.businessinsider.com time to read: +38 min

"It was a complete whirlwind, and it felt too good to be true," Morrison told Insider. "Everyone is given a calendar reminder of when they have to submit a review," one former employee told Insider. Durlston told Insider she wasn't a credible source given the acrimonious nature of her departure from Durlston. "Everyone gets pretty loose at these events," a former employee told Insider, noting the availability of alcohol throughout the day. Bahram told Insider this was not a prohibition but merely a suggestion that it would not be an appropriate arrangement.

☆ Marlins become first major team with women as president and GM
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +1 min

Nov 14 (Reuters) - The Miami Marlins became the first U.S. major sports franchise to have two women simultaneously running a team's day-to-day off-the-field affairs after they appointed Caroline O'Connor as president of business operations on Monday. The decision to promote O'Connor comes two years after the Marlins made history when they named Kim Ng as Major League Baseball's first female general manger. "I think we're a really special organization. I think it makes our organization unique and stand out, and shows what women can do and the roles that they can hold." "Her leadership will continue to guide the Marlins organization toward our goal of sustained success while strategizing additional new ventures to grow our business and enhance our brand recognition."

☆ Miami Marlins promote Caroline O'Connor, making her pro baseball's second-highest ranking woman
▼ + stars: | 2022-11-14 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

The Miami Marlins will be led by two of the highest-ranking women in professional sports. The organization announced on Monday that owner Bruce Sherman is promoting Caroline O'Connor to president of business operations, effective immediately. The move makes the Marlins the first pro sports team to have women operating the entirety of the team's day-to-day business. In 2020, the team hired Kim Ng as the first female general manager in Major League Baseball history, making her the league's highest-ranking woman in baseball operations. The Marlins were MLB Wild Card Champions in 2020 but have failed to make the playoffs the past two seasons.

Foxconn, formally called Hon Hai Precision Industry Co Ltd, opened the India plant in 2019 and has been ramping up production. Foxconn has shared its plans with Tamil Nadu officials about accelerating its hiring efforts at the Indian plant due to disruptions in China, said the first government source. "We are gradually increasing our production scale there," the person said, declining to give details on its hiring plans in India. The second government source in India, a senior official in the Tamil Nadu administration, said the state government was working with Foxconn in "finalising" the expansion. Currently, iPhones are assembled in India by at least three of Apple's global suppliers: Foxconn and Pegatron (4938.TW) in Tamil Nadu; and Wistron (3231.TW) in nearby Karnataka state.

☆ Here's how we chose the companies on CNBC's first-ever Top Startups for the Enterprise list
▼ + stars: | 2022-11-07 | by ( David Spiegel | ) www.cnbc.com time to read: +5 min

Over the course of CNBC's ongoing conversations with the members of the TEC, an idea for a new list emerged. It would be a list of enterprise-focused, technology-driven startups powering digital transformation, attracting strategic investments and potentially drawing acquisition interest. And so, we present this first annual list of Top Startups for the Enterprise , powered by the members of the CNBC Technology Executive Council. CNBC reached out to companies from that list of nominees that self-identified as "enterprise" or "B2B" and asked them to opt in to being considered for a new list of startups for the enterprise. In addition to those companies, TEC members were given the opportunity to nominate new companies for the list via an anonymous survey.

☆ Jim Obergefell's Supreme Court case helped legalize same-sex marriage 7 years ago. Now, he could become the only openly gay member of Ohio's state House.
▼ + stars: | 2022-11-02 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +13 min

Now, Jim Obergefell — the man for which that case was named — is running for Ohio state House. "But you know, the nice thing is, everything I went through with the court case — a lot of that really prepared me for something like this." The "court case" in question was Obergefell v. Hodges, the landmark 2015 civil rights case in which the Supreme Court ruled five to four that same-sex couples were guaranteed the right to marry. "I don't start with it, and I don't focus on it," he said of his association with the 2015 Supreme Court case. "Very, very few of them have a Supreme Court case that happened because of that relationship."

☆ Mark Cuban explains why he didn't retire early despite his wealth: 'I'm not retired because I'm too competitive'
▼ + stars: | 2022-10-16 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +4 min

Entrepreneurs Mark Cuban and Kevin O'Leary found early retirement unfulfilling. "Working is not just about money," O'Leary said. In 1991, the average retirement age was 57, and in 2022 it is 61, Gallup data from the past 21 years shows. Thirty-six percent of older Americans can't afford one year of basic elder care, the Center for Retirement Research found. Depending on how lawmakers attempt to address the program's solvency issues going forward, the normal retirement age might get pushed even higher.

Pros Check mark icon A check mark. Accounts pay high interest rates Check mark icon A check mark. No fees Check mark icon A check mark. Open accounts you might not be able access outside of SaveBetter Check mark icon A check mark. It works for my financial strategyWhen determining how much money you should keep in your savings account, there's no one rule to follow.

Persons: —, I've, I'm, it's, there's Organizations: Service, OceanFirst, Mint, FDIC, Chevron

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