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☆ Russia's army is impossible to outflank so you have to go 'straight up the middle,' a US veteran training Ukrainian forces says
▼ + stars: | 2023-09-20 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Russian forces in Ukraine can't be outflanked, a US veteran training Ukrainian troops said. He told Insider that Ukraine has no choice but to take the risky move of going "straight up the middle." "You are going to have to go straight up the middle and you're just going to have to pick where the middle is." In fact, he said the only advantage that anyone fighting Russian forces has is that "they don't know the exact second that you're coming." Get it wrong and "all you end up doing is pocketing your own forces for Russia to completely, completely destroy," he said.

Persons: Jackie Organizations: Service, Ukrainian Locations: Ukraine, Russia, Wall, Silicon, Afghanistan, Iraq, Kupiansk, Bakhmut

☆ Head of Japan coalition partner postpones China visit at China's request
▼ + stars: | 2023-08-26 | by ( ) www.reuters.com time to read: +1 min

Komeito party leader Natsuo Yamaguchi attends a debate session with other leaders of Japan's main political parties, ahead of October 31, 2021 lower house election, at the Japan National Press Club in Tokyo, Japan October 18, 2021. REUTERS/Issei Kato/Pool Acquire Licensing RightsTOKYO, Aug 26 (Reuters) - The head of Japan's Komeito party, the junior partner in the coalition government, will postpone his planned visit to China at China's request, the party announced on Saturday. Natsuo Yamaguchi was planning to visit China from August 28 to 30 in hopes of meeting China's President Xi Jinping and to hand over a personal letter from Prime Minister Fumio Kishida. Komeito said in a statement that it hoped "to readjust the appropriate timing of the visit in the future." The party said the Chinese side had explained that the country sees the importance of Komeito's longstanding friendly exchanges with China and expressed appreciation for Komeito's efforts to realise the visit.

Persons: Natsuo Yamaguchi, Issei Kato, Japan's, Xi Jinping, Fumio Kishida, Komeito, Mariko Katsumura, Jason Neely Organizations: Japan National Press Club, REUTERS, Rights, Kishida, Thomson Locations: Tokyo, Japan, China, United States, South Korea, South China

☆ These banks are solid and cheap. But here's why investors should be cautious
▼ + stars: | 2023-08-22 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

But the Club is exercising caution when it comes to our two bank names: Wells Fargo (WFC) and Morgan Stanley (MS). Shares of Wells Fargo and Morgan Stanley have lost 8.52% and 13.73%, respectively, during the same period. Still, big banks will ultimately be able to manage any new regulatory hurdles, Oppenheimer's Chris Kotowski told CNBC. For Wells Fargo, the company is buying back the most stock of any of the big banks. A combination file photo shows Wells Fargo, Citibank, Morgan Stanley, JPMorgan Chase, Bank of America and Goldman Sachs.

Persons: Wells, Morgan Stanley, Jim Cramer, Banks, Moody's, Chris Kotowski, Oppenheimer, Jim, Morgan, Charles Scharf, Jim Cramer's, JPMorgan, Goldman Sachs Organizations: Silicon Valley Bank, Wells, Valley Bank, UBS Group, UBS, Credit Suisse, Federal Reserve, Street, Bank of New York Mellon, BK, P Global, CNBC, Club, Big Tech, Citibank, JPMorgan Chase, Bank of America, Reuters Locations: Wells Fargo, Silicon, U.S

☆ Emerging tech, from AI to extended reality, is radically reshaping today's business world — and leaders who don't get on board ASAP will be left in the dust
▼ + stars: | 2023-08-21 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +14 min

As technology shapes customer habits, entire industries, and society at large, digital transformation has become a critical priority for every company. A February report from Deloitte found effective digital transformation initiatives could increase market capitalization by a staggering $1.25 trillion. From artificial intelligence to extended reality, a variety of technologies are shaping digital transformation strategies. He said he expected industries with "significant human implications," such as healthcare and space exploration, to benefit the most from digital transformation. Extended reality — a combination of virtual reality, augmented reality, and mixed reality often called "XR" — is another technology that could revolutionize organizational cultures.

Persons: Nigel Vaz, Publicis, It's, Vaz, Jean Pelletier, Pelletier, Schneider, Beth Johnson, Johnson, Tom Fairbairn, Tom Fairbairn Fairbairn, Duncan Roberts, Roberts Organizations: Technology, Morning, Deloitte, Netflix, Schneider, Schneider Electric, Citizens Bank, Amazon Prime, Amazon Web Services, Company, Imperial College London Locations: Cognizant

☆ Opinion | The Irony in the ‘Rich Men North of Richmond’
▼ + stars: | 2023-08-19 | by ( Jamelle Bouie | ) www.nytimes.com time to read: +2 min

You may have heard about Oliver Anthony, a Virginia-based folk singer who has become a conservative folk hero on account of his populist anthem, “Rich Men North of Richmond.”But Anthony’s populism is, as Eric Levitz details for New York magazine, decidedly right-wing. Resentment of inequality and the precariousness of working-class life pervades the rest of the song too. But Anthony persistently channels these resentments away from the bosses and shareholders who profited off his ill-compensated labor and onto targets sanctioned by conservative orthodoxy: tax-hiking politicians, pedophilic cabals, and obese welfare moochers. I don’t have any particular interest in either Anthony or the song in question (although Levitz’s piece is good and you should read it). One of the most common misconceptions about Jim Crow is that it came directly out of the defeat of Reconstruction.

Persons: Oliver Anthony, “ Rich, Eric Levitz, Anthony, pedophilic cabals, Jim Crow, ” Organizations: North, New York Locations: Virginia, Richmond, Farmville, Va, —, Petersburg, In Virginia

The Nova Pro Wireless improves on many of the best features found on SteelSeries' cheaper Arctis Nova 7, which is another one of our favorite wireless headsets. While cheaper options like the Nova 7 will satisfy most gamers, the Arctis Nova Pro Wireless offers high-end features for those willing to pay top dollar. SteelSeries Arctis Nova Pro Wireless The Arctis Nova Pro Wireless is an excellent headset for anyone who wants high-end performance. SteelSeries Arctis Nova Pro Wireless Headset: SpecsSpecifications Arctis Nova Pro Wireless Headset Connectivity 2.4GHz wireless, Bluetooth 5.0, 3.5mm wired Drivers 40 mm neodymium drivers Battery About 20 hours per battery, two rechargeable batteries included Microphone Embedded dual noise-canceling mics 2.4 GHz Wireless range 30 to 40 feet Charging port Charges battery via wireless transmitter or USB-C Colors Black Weight 0.74lb/336g Platforms PS5, PS4, PC, Nintendo Switch, Xbox Series X/S, Xbox One, MacOSShould you buy the Arctis Nova Pro Wireless Headset? SteelSeries' Arctis Nova Pro is the high-end wireless gaming headset to beat.

Persons: you'll, comfy, it's, Kevin Webb, 2.4GHz, SteelSeries, Dolby, MacOS Organizations: Nova Pro, Nintendo, Nova Pro Wireless, PlayStation, Base, Nova, Wireless, ANC, Nova Pro Wireless's ANC, Bluetooth, Xbox, Pro, Buyers

☆ I'm an AI prompt engineer. Here are 3 ways I use ChatGPT to get the best results.
▼ + stars: | 2023-08-12 | by ( Aaron Mok | ) www.businessinsider.com time to read: +6 min

Anna Bernstein is a prompt engineer at Copy.ai, which makes AI tools to generate written content. Her job is to write prompts to train the bot to generate high-quality, accurate writing. Here are her tips on how to write prompts to get the best outcomes from AI chatbots. Now, I'm a prompt engineer helping to optimize the most cutting-edge technology in the world. It's my job, then, to write prompts that can get that query to generate the best output through:Instruction, or "write a product description about this."

Persons: Anna Bernstein, —, I'm, it's, I've, didn't, ChatGPT Organizations: Morning, Copy.ai Locations: New York, English

☆ More Plants, More Life, More Pleasure: What Sets the Best Gardens Apart
▼ + stars: | 2023-08-09 | by ( Margaret Roach | ) www.nytimes.com time to read: +1 min

Changing Your Mind-SetAlthough many people worry that having a more ecologically responsible landscape means letting go of cherished plants — their peonies, perhaps, or roses — Ms. West and Mr. Rainer are quick to clarify. “It’s about letting things in,” Mr. Rainer said. Especially flowering plants — a win for people of all ages, and for wildlife. “Imagine your site being initially 100 percent covered in planting, at 18 to 24 inches tall,” Mr. Rainer suggested. “And then you go in and mow through the spaces you want — the paths, the terraces, everything else.”

Persons: Rainer, ” Mr, Mr, ” Locations: mow

Our experts answer readers' student loan questions and write unbiased product reviews (here's how we assess student loans). The Supreme Court axed the plan to cancel tens of thousands of dollars in federal student loans. What would the student loan forgiveness plan have included? All types of federal loans would have qualified for forgiveness, but private student loans wouldn't have been affected. Student loan interest is a percentage of your total loan balance that you pay to use the lender's money.

Persons: —, Pell Grant, You'll, Stacey MacPhetres Organizations: Supreme, Service, Biden, Politico, Department of Education, College Board, SC, EdAssist

☆ Meta Platforms' return to growth index highlights annual Russell refresh
▼ + stars: | 2023-06-21 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +6 min

REUTERS/Peter DaSilvaNEW YORK, June 21 (Reuters) - Meta Platforms (META.O) will return to its former status as a full growth stock after financial data provider FTSE Russell finishes its annual shakeup of its stock index components on Friday. Every year, FTSE Russell reconstitutes, or refreshes, the components across its indexes, such as the Russell 2000 (.RUT) index of small cap stocks and Russell 1000 (.RUI) index of large-cap names. There are also style indexes such as the Russell 1000 Growth (.RLG) and Russell 2000 Value (.RUJ). FTSE Russell says about $12.1 trillion is currently benchmarked to the Russell US equity indexes. "The growth indexes look more like growth benchmarks and the value indexes look more like cyclical value indices," said Steven DeSanctis, equity analyst at Jefferies in New York.

Persons: Peter DaSilva, Russell, FTSE Russell reconstitutes, RUI, Goldman Sachs, Stocks, Goldman, Bryant VanCronkhite, VanCronkhite, Catherine Yoshimoto, Steven DeSanctis, You've, Thomas Martin, Chuck Mikolajczak, Alden Bentley, Matthew Lewis Organizations: Facebook, Meta, REUTERS, Russell, FTSE, FTSE Russell, London Stock Exchange, Allspring Global Investments, Walmart, Jefferies, Nasdaq, New York Stock Exchange, Globalt Investments, Thomson Locations: Mountain View , California, U.S, Menomonee Falls , Wisconsin, New York, Atlanta

☆ Verstappen on pole after wild Canadian GP qualifying
▼ + stars: | 2023-06-17 | by ( Steve Keating | ) www.reuters.com time to read: +4 min

[1/2] Formula One F1 - Canadian Grand Prix - Circuit Gilles Villeneuve, Montreal, Canada - June 17, 2023 Red Bull's Max Verstappen poses with former F1 driver Jean Alesia after qualifying in pole position REUTERS/Mathieu BelangerMONTREAL, June 17 (Reuters) - Formula One championship leader Max Verstappen put his Red Bull on pole position for the Canadian Grand Prix after heavy rain shook up qualifying on Saturday. Lewis Hamilton, a seven-times winner in Canada, will line up fourth with his Mercedes team mate George Russell fifth. The pole, in a time of one minute and 25.858 seconds, was the 25th of Verstappen's career. Verstappen started from pole last year and held off Ferrari's hard-charging Carlos Sainz for his 26th career win. Fast forward one year and Verstappen with another victory on Sunday can bring his career total to 41, matching Brazilian Ayrton Senna's haul.

Persons: Gilles Villeneuve, Max Verstappen, Jean Alesia, Mathieu Belanger MONTREAL, Bull, Germany's Nico Hulkenberg, Haas, Fernando Alonso, Aston Martin, Lewis Hamilton, Mercedes, George Russell, Verstappen, Carlos Sainz, Ayrton Senna's, Sergio Perez, Red Bull, Perez, Christian Horner, Ferrari's Charles Leclerc, Aston, Lance, Williams Alex Albon, McLaren's Oscar Piastri, Hulkenberg, Pierre Gasly, Frenchman, Sainz, Steve Keating, Alan Baldwin, Ed Osmond Organizations: Prix, REUTERS, Canadian, Aston, Ferrari, Thomson Locations: Montreal, Canada, Holland, London

☆ 51 US cities expected to see the highest home price increases and 5 at risk of falling in the next 12 months — plus where mortgage rates could be by year-end — according to a housing economist
▼ + stars: | 2023-06-11 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

Areas that saw price declines during the pandemic are expected to make a comeback. Metropolitan areas including Anaheim, Seattle, and Sacramento top the list. In April, prices for single-family homes rose by 2% year-over-year and 1.2% from the previous month, according to CoreLogic's Home Price Index. Below is a list of 51 metropolitan areas expected to see the most home prices increase in the next 12 months, beginning from the highest to the lowest. The CoreLogic HPIFinally, while mortgage rates can be difficult to predict, Hepp believes we have likely peaked for the year.

Persons: Selma, it's, Selma Hepp, Hepp, Louis Organizations: CoreLogic, Irvine CA Metropolitan, Everett WA Metropolitan Division, Arcade, Statistical, Oakland, Berkeley CA Metropolitan, Metropolitan Statistical, Riverside, Jacksonville FL, Vegas, Paradise, Clearwater FL, Newark, Sanford FL, Angeles, Glendale CA Metropolitan, Palm Beach, Boca Raton, Delray Beach FL, Cambridge, Suffolk County NY Metropolitan, Towson, Metropolitan, Fort Lauderdale, Boston, Scottsdale, Scottsdale AZ Metropolitan Statistical, Miami, Kendall FL Metropolitan, Alexandria DC, Bloomington, Franklin TN Metropolitan, Virginia, Newport News, Livonia MI, Gastonia NC, SC Metropolitan, West Allis WI Metropolitan, Philadelphia PA Metropolitan, Kansas City, KS Metropolitan, Providence, Richmond VA Metropolitan, Cincinnati, Pittsburgh PA, Oklahoma City, Cleveland, Elyria, NJ, Columbus OH, Houston, Indianapolis, Arlington TX Metropolitan, Dallas, Irving TX Metropolitan Locations: Selma Hepp, Anaheim, Seattle, Sacramento, West Coast, Metropolitan, Santa Ana, Irvine, Bellevue, Roseville, Hayward, Berkeley, Portland, Vancouver, Hillsboro, San Bernardino, Ontario, Diego, Carlsbad CA, Denver, Aurora, Lakewood, Henderson, Tampa, St, Petersburg, Clearwater, Newark NJ, Orlando, Kissimmee, Sanford, Long, Glendale CA, Palm, Delray Beach, Newton, Framingham, Nassau County, Suffolk, Baltimore, Columbia, Pompano Beach, Deerfield Beach FL, Mesa, Scottsdale AZ, Miami, Kendall, Montgomery County, Bucks County, Chester County, Washington, Arlington, Alexandria, Sandy Springs, Roswell, Minneapolis, Paul, WI, Murfreesboro, Virginia Beach, Norfolk, Detroit, Dearborn, Livonia, Charlotte, Concord, Gastonia, Milwaukee, Waukesha, Warwick, Chicago, Naperville, Arlington Heights IL, Troy, Farmington Hills MI, Antonio, New Braunfels TX, York, Jersey, White Plains, Carmel, Worth, Plano

☆ 51 US cities expected to see the highest home-price increases and 5 at risk of falling in the next 12 months — plus where mortgage rates could be by year-end — according to a housing economist
▼ + stars: | 2023-06-11 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

The economist Selma Hepp says home prices in some areas are rising because of limited inventory. The US housing market started off on a solid footing this year as home prices rose. In April, prices for single-family homes rose by 2% year-over-year and 1.2% from the previous month, according to CoreLogic's Home Price Index. Below is a list of 51 metropolitan areas expected to see the most home-price increases in the next 12 months, from the highest to the lowest. The CoreLogic HPIFinally, while mortgage rates can be difficult to predict, Hepp said that we had likely peaked for the year.

Persons: Selma Hepp, it's, Hepp, CoreLogic's, Louis, CoreLogic Organizations: Irvine CA Metropolitan, Everett WA Metropolitan Division, Arcade, Statistical, Oakland, Berkeley CA Metropolitan, Metropolitan Statistical, Riverside, Jacksonville FL, Vegas, Paradise, Clearwater FL, Newark, Sanford FL, Angeles, Glendale CA Metropolitan, Palm Beach, Boca Raton, Delray Beach FL, Cambridge, Suffolk County NY Metropolitan, Towson, Metropolitan, Fort Lauderdale, Boston, Scottsdale, Scottsdale AZ Metropolitan Statistical, Miami, Kendall FL Metropolitan, Alexandria DC, Bloomington, Franklin TN Metropolitan, Virginia, Newport News, Livonia MI, Gastonia NC, SC Metropolitan, West Allis WI Metropolitan, Philadelphia PA Metropolitan, Kansas City, KS Metropolitan, Providence, Richmond VA Metropolitan, Cincinnati, Pittsburgh PA, Oklahoma City, Cleveland, Elyria, NJ, Columbus OH, Houston, Indianapolis, Arlington TX Metropolitan, Dallas, Irving TX Metropolitan Locations: Anaheim , California, Seattle, Sacramento , California, West Coast, Metropolitan, Anaheim, Santa Ana, Irvine, Bellevue, Sacramento, Roseville, Hayward, Berkeley, Portland, Vancouver, Hillsboro, San Bernardino, Ontario, Diego, Carlsbad CA, Denver, Aurora, Lakewood, Henderson, Tampa, St, Petersburg, Clearwater, Newark NJ, Orlando, Kissimmee, Sanford, Long, Glendale CA, Palm, Delray Beach, Newton, Framingham, Nassau County, Suffolk, Baltimore, Columbia, Pompano Beach, Deerfield Beach FL, Mesa, Scottsdale AZ, Miami, Kendall, Montgomery County, Bucks County, Chester County, Washington, Arlington, Alexandria, Sandy Springs, Roswell, Minneapolis, Paul, WI, Murfreesboro, Virginia Beach, Norfolk, Detroit, Dearborn, Livonia, Charlotte, Concord, Gastonia, Milwaukee, Waukesha, Warwick, Chicago, Naperville, Arlington Heights IL, Troy, Farmington Hills MI, Antonio, New Braunfels TX, York, Jersey, White Plains, Carmel, Worth, Plano

☆ UK wage growth outstrips US and EU rises: Indeed
▼ + stars: | 2023-06-08 | by ( David Milliken | ) www.reuters.com time to read: +2 min

By contrast, growth in advertised salaries in the United States slowed to 5.3%, after outstripping British wage growth throughout 2022, while in the euro zone it edged down to 4.7%. Among big euro zone countries, salary growth was fastest in Germany at 6.2%, and weakest in Italy at just 1.6%. The rise in advertised salaries in Britain was greatest in nursing and low-paid roles such as retail, hospitality and cleaning. Wage growth in Britain is still well below consumer price inflation, which was 8.7% in April, and in double digits for seven months before that. The most recent official data showed annual wage growth excluding bonuses for all employees - not just new starters - at 6.7% in the first quarter of 2023.

Persons: David Milliken, Andy Bruce Organizations: Bank, England, U.S . Federal Reserve, Bank of England, Confederation, Thomson Locations: United States, Britain, Germany, Italy, Spain, Netherlands

☆ How to watch the PGA Championship: Start time, channels, and other things to know
▼ + stars: | 2023-05-18 | by ( Jack Bantock | ) edition.cnn.com time to read: +11 min

Rob Schumacher/USA Today Network Tiger Woods walks the 18th green during the second round on Saturday, April 8. David J. Phillip/AP Fred Couples waves to patrons after finishing his second round on Saturday. Patrick Smith/Getty Images Patrick Cantlay plays a shot from a bunker on the 18th hole on Saturday. Rob Schumacher/USA Today Network Adam Scott plays a bunker shot on the second hole Thursday. Rob Schumacher/USA Today Network Hideki Matsuyama, who won the tournament two years ago, looks over a putt on the second hole.

☆ Turkish lira will likely devalue whether or not Erdogan wins, strategist says
▼ + stars: | 2023-05-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTurkish lira will likely devalue whether or not Erdogan wins, strategist saysOzan Ozkural of Tanto Capital Partners discusses Turkey's elections and says if President Recep Tayyip Erdogan loses, the country's foreign policy wouldn't change, but its monetary policy "will have to readjust into market norms."

☆ Washington is at an impasse on the debt ceiling. Here’s what that might mean for your portfolio
▼ + stars: | 2023-05-11 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Income-focused investors seeking yield and safety in Treasury bills are likely nervous as debt ceiling rhetoric heats up in Washington, but they should take a breather before they dump these assets. In the short-term Treasury market, investors are already showing some signs of anxiety. In that case, holders of short-term T-bills could see declines in their portfolio values as yields spike, he added. Review your holdings Now could be a good time to review your bond holdings, particularly the short-term T-bills that are seeing a big jump in yields. But the longer-term advice is to snap up longer-dated bonds to prepare for the day the Federal Reserve starts to dial back its tight monetary policy.

Persons: Joe Biden, Biden, Kevin McCarthy, Hakeem Jeffries, Janet Yellen, Yellen, Kathy Jones, Gustavo Schwenkler, Jones, Thomas McLoughlin, McLoughlin, Christine Benz, Jamie Hopkins, — CNBC's Michael Bloom Organizations: Treasury, Schwab Center, Financial Research, Santa Clara University Leavey School of Business, Federal Reserve, UBS, Morningstar, Carson Group Locations: Washington, D, U.S

☆ Covid caused huge shortages in the jobs market. It may be easing — but there's another problem ahead
▼ + stars: | 2023-05-11 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

Data aggregated by Charles Schwab showed that in U.S. corporate earnings since the start of this year, phrases relating to workforce reductions began to exceed those relating to labor shortages for the first time since mid-2021. 'From shortages to gluts' Kleintop also cited tighter lending conditions as contributing to a weaker jobs outlook, pointing to a "clear and intuitive leading relationship between banks' lending standards and job growth." "Modest growth in labor supply will also ease shortages, driven by higher participation rates from younger worker cohorts and fading pandemic-related frictions," Moody's strategists said. watch nowServices job growth has been a key factor behind labor market resilience in the face of global economic weakness over the past year, as a result of a post-pandemic surge in demand. Based on estimates of labor supply lost to aging since the Covid pandemic, Moody's believes the coming drag will be "significant."

[1/2] A woman checks the arrivals and departures board at Chicago Midway International Airport in Chicago, Illinois, U.S. April 18, 2023. REUTERS/Jim Vondruska/File PhotoNEW YORK, May 10 (Reuters) - A gloomy forecast from vacation rental firm Airbnb (ABNB.O) weighed on travel-related stocks on Wednesday as an expected slowdown in bookings signaled an impending slump in travel demand with consumers seeking cheaper accommodation amid inflation and recession fears. Airbnb's forecast will heighten caution in the travel sector, which encompasses hotels, airlines, and vacation rental firms, according to an investor note by JPMorgan analysts, led by Doug Anmuth. "We also believe Airbnb's commentary will result in increased caution in the travel space, but more specifically around vacation and the U.S.," the analysts said. Reporting by Chibuike Oguh in New York; Editing by Lance Tupper and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

☆ The president of Nationwide's $175 billion retirement business shares his top tips for saving 'a couple hundred thousand dollars' by 30 — and 3 blunders to avoid
▼ + stars: | 2023-05-05 | by ( Laila Maidan | Akin Oyedele | ) www.businessinsider.com time to read: +5 min

One of the biggest blunders people make is racking up credit card debt that rolls over every month. In the fourth quarter of 2022, the average credit card APR was 20.40%, according to data from the Federal Reserve. Saving for retirementOnce you've hit the basics, it's time to look at a longer time horizon: saving for retirement, Stevenson said. And the longer you wait to start saving for retirement, the more you'll need to increase your monthly allocation to catch up. Depending on the type of account you have, it could also be set up for your retirement contributions to automatically increase with a raise.

☆ US Army admits ‘error’ could force pilots to serve 3 years longer than they thought they’d signed up for
▼ + stars: | 2023-04-28 | by ( Haley Britzky | ) edition.cnn.com time to read: +8 min

A problem surrounding how service obligation contracts are enforced could result in hundreds of pilots having to stay in uniform three years longer than they’d expected, possibly disrupting plans for civilian life, including wedding plans, their spouse’s careers and their own civilian employment opportunities. After realizing the mistake for those officers, Drew said the Army then did an audit of sorts for other aviation officers, finding the error that is now impacting roughly 600 people. “As an Aviation Officer near the end of my understood service obligation, this impacts my family and I the most as I am attempting to make the transition to civilian life,” the letter said. But Army pilots have an additional obligation of six years in uniform after they complete flight school. But no matter what occurred in the past, the officer told CNN that dozens of aviators are prepared to pursue legal action in court if the Army doesn’t resolve the issue.

CNN —For Yulia Laputina, Ukraine’s Minister of Veterans Affairs, a visit to Arlington National Cemetery was a deeply moving experience. On Thursday, the mayor of Kyiv, Vitali Klitschko, announced that the city council had “started the procedure for establishing the National Military Memorial Cemetery,” and had allocated land for its creation. Ukrainian Minister of Veterans Affairs Yulia Laputina visits Arlington National Cemetery in April 2023. Lawmakers made the case that personal connections to Americans across the country could “increase the level of support of practical support” for Ukraine, Laputina said. Yulia Laputina, Minister of Veterans Affairs of Ukraine at the International Rehabilitation Forum in Lviv, Ukraine, on April 12.

☆ Succession's huge plot twist is more realistic than you'd think – the departure of a powerful CEO like Logan Roy really can cause wild share price swings
▼ + stars: | 2023-04-15 | by ( Ryan Hogg | George Glover | ) www.businessinsider.com time to read: +5 min

There's real-life precedent that shows why a CEO can cause huge share price swings when they depart. He was portrayed as an omnipotent boss of the group, reflected in a cratering share price upon his death in the episode that aired April 9. But there is real-life precedent for a company's share price collapsing on news of a powerful CEO's ill-health. The power of Logan RoyThere are downsides to a stock being so closely linked to a powerful CEO like Jobs, Musk, or Roy. Indeed, there have been examples of a share price rally following the death of a CEO, because investors see it as a company decoupling from a deadweight boss.

The Federal Reserve slows inflation by raising the federal funds rate, which can indirectly impact mortgages. The Fed and mortgage rates frequently asked questionsDo mortgage rates go up when the Fed raises rates? Mortgage rates may decrease when the Fed cuts the federal funds rate, but again, this depends on other economic trends. No, mortgage rates aren't tied to the Federal Reserve's federal funds rate. If you have a fixed-rate mortgage, your mortgage rate will stay the same until you sell your home, refinance your mortgage, or pay off the loan in full.

☆ Amazon and Meta's 48,000 job cuts usher in Big Tech's new mantra: Revenue per employee
▼ + stars: | 2023-03-21 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Amazon and Meta say their combined 48,000 job losses are about getting leaner. All told, the two firms have cut 48,000 jobs across two waves of layoffs in less than six months. Discussing Twitter's remaking under new owner Elon Musk, Rabois noted that Musk is "steering hard" in terms of revenue per employee. A 2009 analysis of Big Tech's performance found Google's revenue per employee was over $1 million, the highest of all tech firms. Management experts say that cuts make workers jittery, weakening their productivity and firms' ability to bring in new talent.

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