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☆ Amazon seller consultant admits to bribing employees to help clients; will plead guilty
  + stars: | 2023-03-27 | by ( Annie Palmer | ) www.cnbc.com   time to read: +5 min
An influential consultant for Amazon sellers admitted Monday to bribing employees of the e-commerce giant for information to help his clients boost sales and to get their suspended accounts reinstated. "On some occasions, I paid bribes, directly and indirectly, to Amazon employees to obtain annotations and reinstate suspended accounts. Behind the scenes, scammers have for years resorted to illicit tactics to squash competitors, artificially boost their listings or bypass Amazon's marketplace rules. "No one should pay bribes to Amazon employees to provide private Amazon information," Rosenberg wrote on Monday. Nor should anyone pay any Amazon employees for any other special favors regarding a seller's account."
☆ Lumber prices are falling - and that means there's no need to fret about inflation, top economist David Rosenberg suggests
  + stars: | 2023-03-07 | by ( Zahra Tayeb | ) www.businessinsider.com   time to read: +3 min
Falling lumber and natural gas prices are reasons not to fret over inflation, according to David Rosenberg. the veteran economist asked in a Monday tweet, saying it's maybe a problem in the services sector of the US economy. Rosenberg has repeatedly shrugged off inflation concerns as price pressures decline from their mid-2022 highs. US natural gas prices plunged 13% on Monday as a streak of mild winter weather hurt demand. That has seen price pressures ease somewhat in recent months, with the latest reading coming in at 6.4% through January.
☆ A $162,500 per year Swiss boarding school — possibly the world's most expensive — says it's embracing AI tech like ChatGPT to help students learn
  + stars: | 2023-02-11 | by ( Pete Syme | ) www.businessinsider.com   time to read: +5 min
The Swiss boarding school's director told Insider it is embracing AI tech like ChatGPT and DALL-E.She says banning ChatGPT is "mass hysteria," and students need to be taught the ethics of AI. The Swiss boarding school, which says it is "possibly" the world's costliest, requires a non-refundable fee of over $1,000 just to apply. Another student used DALL·E to generate pictures in an essay about the role of women in the First World War. The AI didn't score more than a C."I would say that if you're getting C level answers from ChatGPT, you're asking the wrong question," Gademann adds. "Can you imagine a scenario where we're throwing millions and millions of dollars to find out if a student used a calculator in math homework in the '80s?"
☆ Veteran economist David Rosenberg said there's 'not a snowball's chance in hell' that he'll get bullish on US stocks until this key event happens — and he's investing in these 6 assets in the meantime
  + stars: | 2023-01-05 | by ( James Faris | ) www.businessinsider.com   time to read: +5 min
"The theme for 2023 is not recovery," Rosenberg said in a recent interview with Insider. But Rosenberg believes that the biggest sign that stocks can recover will be a bond market rally. "I think that there's not a snowball's chance in hell that we will get a bottom in the stock market without there being in advance a rally in the bond market," Rosenberg said. Rosenberg continued: "Bond yields have to come down to reestablish the equity risk premium. Outside of stocks, Rosenberg said he recommends a barbell of gold bullion and bonds.
☆ 4 pieces of advice to help you retire comfortably, according to people who have done it
  + stars: | 2020-12-10 | by ( Liz Knueven | Stephanie Hallett | Personal Finance Reporter | ) www.businessinsider.com   time to read: +6 min
Retirees say that saving and investing for retirement consistently is critical, as investing can help grow savings over many years. Sometimes, the simplest strategies are best — one retired grandfather used a buy-and-hold stock strategy to build a portfolio worth millions. Luckily, lots of people have retired comfortably and are willing to share the steps they took to do so. Here, we've compiled the best advice from four retired people for anyone who's looking forward to a long and happy retirement. Sean says that his grandfather's advice has helped him get on track to hit $6.8 million at age 60, or retire early.
Persons: that's, —, you've, we've, Sean, didn't, It's, Michelle Jackson's, it's, Jackson's, Jackson, Eric Rosenberg didn't, Rosenberg Organizations: Business, Service, Walmart Locations: United States
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