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☆ China sacked its defense minister with no explanation months after he mysteriously disappeared
▼ + stars: | 2023-10-24 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

China has dismissed defense minister General Li Shangfu from office. Li hasn't been seen in public in two months and is the second Chinese minister to be ousted this year with no explanation. AdvertisementAdvertisementChina has dismissed its defense minister from office after his bizarre disappearance from public view two months ago. Since being appointed defense minister in March, Li's most notable appearance came just four months ago at a forum in Singapore. Li's departure as the defense minister follows the dismissal of foreign minister Qin Gang from office in July, again with no explanation.

Persons: General Li Shangfu, Li hasn't, Xi, —, shakeups, Li Shangfu, He'd, Li's, Qin Gang, Xi Jinping, Li Organizations: China's Rocket Force, Service, China, New York Times, Chinese Foreign Ministry, People's Liberation Army Rocket Force, People's Liberation Army, Communist Party Locations: China, Singapore, Beijing

Beijing CNN —China’s Defense Minister Li Shangfu was fired on Tuesday two months after he disappeared from public view, becoming the second high-profile minister to lose his job recently without any official explanation. Li, who was appointed defense minister in March, has not been seen in public since late August, fueling intense speculation about his fate. Li’s ousting, ironically, has removed a major roadblock for the resumption of high-level military talks between China and the United States. The Financial Times also reported that the US government believes the defense minister has been placed under investigation, citing American officials. Li is believed to be a protege of General Zhang Youxia, Xi’s childhood friend and closest ally in the military.

Persons: Li Shangfu, Li, Xi Jinping, –, outranks, Qin Gang, Qin, Xi, Li’s, won’t, “, General Zhang Youxia, Zhang Organizations: Beijing CNN — China’s, Central Military, National People’s Congress, Foreign, Qin, Communist, of, People, Xinhua News Agency, Getty, PLA Rocket Force, Street Journal, The Financial Times, Defense Ministry, Central Military Commission, Development Department, Rocket Force, Equipment Development Department, Security Forum Locations: Beijing, China, United States, Sichuan, Africa, Russia, Belarus

Li’s disappearance follows a series of unexplained personnel shakeups that have roiled the upper ranks of China’s ruling Communist Party this summer, including the ousting in July of former Foreign Minister Qin Gang. The Financial Times reported that the US government believes the defense minister has been placed under investigation, citing American officials. Li, who was sanctioned by the US in 2018 over China’s purchase of Russian weapons, is still listed as China’s defense minister, one of its five state councilors, and a member of the party’s powerful Central Military Commission (CMC). Beijing has never issued an explanation for Qin’s removal nor said that the former minister was under investigation. China’s State Council Information Office has not replied to queries from CNN on the matter.

Persons: Li Shangfu’s, Wu Qian, “, China’s, Qin, Li, Wu, Xi Jinping, they’ve, Li Shangfu, Antony Blinken Organizations: Beijing CNN, Defense Ministry, Communist Party, Foreign, Qin Gang, People’s Liberation Army Rocket Force, CNN, Reuters, Communist, Street Journal, The Financial Times, Central Military Commission, Development Department, State, Wall Street Journal, Financial Times Locations: China, Beijing, Washington, United States

Republican presidential candidates talk over each other during the second Republican candidates' debate of the 2024 U.S. presidential campaign at the Ronald Reagan Presidential Library in Simi Valley, California, September 27, 2023. Former New Jersey Governor Chris Christie, a frequent Trump critic, chimed in, saying Trump was "afraid" and mocking him as "Donald Duck" for skipping the debate. Biden, the presumptive Democratic nominee for the November 2024 election, was also a frequent target for the Republican candidates, who castigated his handling of the economy and the southern border with Mexico. "They're all job candidates," Trump said dismissively of the seven Republicans at the debate. Haley, meanwhile, was hoping a second consecutive strong debate performance will convince some Republican donors she has the best odds of unseating Trump.

Persons: Ronald Reagan, Mike Blake, Donald Trump's, Joe Biden, Trump, Ron DeSantis, DeSantis, Chris Christie, chimed, Donald Duck, Mike Pence, Nikki Haley, Biden, Vivek Ramaswamy, Ramaswamy, Dana Perino, Iowa's, Haley, Doug Burgum, autoworkers, Tim Scott, Scott, Vladimir Putin, Tim Reid, Rami Ayyub, Kanishka Singh, Jasper Ward, Eric Beech, Gram Slattery, Joseph Ax, Ross Colvin, Howard Goller Organizations: Republican, Ronald Reagan Presidential, REUTERS, Democratic, Trump, Reuters, Former New Jersey, United, United Nations, TikTok, U.S, Trump . North, Thomson Locations: Simi Valley , California, SIMI VALLEY , California, China, Wisconsin, Florida, United Nations, Mexico, Michigan, New York, COVID, Trump . North Dakota, Ukraine, Russia, Jasper, Princeton , New Jersey

☆ Emily Glazer — Reporter at The Wall Street Journal
▼ + stars: | 2023-09-22 | by ( Emily Glazer | ) www.wsj.com time to read: +1 min

Emily GlazerEmily Glazer is a reporter focusing on large public company CEOs, board members and corporate governance for The Wall Street Journal's corporate bureau in New York. Her stories often delve into companies going through major changes, such as CEO succession, board shakeups, regulatory investigations or structural shifts. She has covered the evolving role of business leaders impacted by the pandemic and Environmental, Social and Governance factors. Emily also contributes to the Journal’s Personal Board of Directors columns and CEO Council events. Emily has reported for Dow Jones since 2008 in New York, San Francisco and Los Angeles.

Persons: Emily Glazer Emily Glazer, Emily, Morgan Chase, Wells, George Polk, Gerald Loeb, Dow Jones Organizations: The, Social, Procter, Gamble, New York Press Club, News Media Alliance, Society of American Business, Facebook, Business, Beat, Public Service, Medill School of Journalism, Northwestern University Locations: New York, Wells Fargo, Avon, Herbalife, San Francisco, Los Angeles

☆ China's Wang Yi and US national security adviser Jake Sullivan meet in Malta for 'substantive and constructive' talks
▼ + stars: | 2023-09-17 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +5 min

China’s Foreign Ministry said the two sides agreed to continue high-level communication on several fronts, including consultations on Asia-Pacific affairs, maritime affairs, and foreign policy. Biden and Xi last met in November 2022 on the sidelines of the G20 summit in Bali. Military communicationThe two sides also discussed the need to re-establish military-to-military dialogue between the US and China, the senior Biden official said following the weekend meeting. Wang would visit the country between September 18 and 21, China’s Foreign Ministry said Monday. He is expected to meet Russian Foreign Minister Sergey Lavrov to discuss “a wide range of bilateral cooperation issues,” according to a statement from the Russian Foreign Ministry last week.

Persons: Hong Kong CNN —, Wang Yi, Jake Sullivan, Joe Biden, Xi Jinping, Xi, Biden, Wang, Sullivan, Nancy Pelosi, China’s, ’, Li Shangfu, Li, Qin Gang, Sergey Lavrov, Vladimir Putin, Kim Jong Un Organizations: Hong Kong CNN, United, China’s, Ministry, Economic Cooperation, Biden, White, US, Party, Foreign Ministry, Chinese Defense, Communist Party, Foreign, Russian, Russian Foreign Ministry, North Locations: China, Hong Kong, United States, Malta, Asia, Pacific, Beijing, San Francisco, Bali, Washington, Taiwan, Taiwan Strait, ”, Ukraine, Moscow, Pyongyang

☆ Li Shangfu: Speculation grows over whereabouts of China's defense minister
▼ + stars: | 2023-09-15 | by ( Nectar Gan | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —China’s Foreign Ministry on Friday skirted questions on the whereabouts of the country’s defense minister, amid mounting speculation the recently promoted general has been placed under investigation. Qin, who was only foreign minister for seven months, has retained the position of state councillor – a senior role in China’s cabinet which Li also holds. On Chinese government and military websites, Li is still listed as the defense minister, state councillor and a member of the party’s powerful Central Military Commission (CMC). “The foreign minister and the defense minister are both externally facing interlocutors with the international community. Two weeks away from the public view is not unprecedented for China’s defense minister, who typically has less frequent public engagements than the foreign minister.

Persons: Hong Kong CNN —, Li Shangfu, China’s, Li, Mao Ning, “ I’m, Qin Gang, Qin, –, Rahm Emanuel, Li hadn’t, Emanuel, Xi’s, Agatha Christie’s, Li Shangfu hasn’t, ”, Xi Jinping, ” Drew Thompson, Lee, Sergey Shoigu, Alexander Lukashenko Organizations: Hong Kong CNN, Hong Kong CNN — China’s, Communist Party, Financial Times, Street, Foreign Ministry, Central Military Commission, People’s Liberation Army, Force, CNN, Foreign, Rocket Force, Defense, Lee Kuan Yew, of Public, National University of Singapore, Development Department, Equipment Development Department, Security Forum, ”, Reuters, ” Reuters, Border Defense Friendship Exchange Locations: Hong Kong, Beijing, China, United States, Africa, Russia, Belarus, Moscow, Minsk, Hanoi

☆ The meme stock mania is now a movie. Here's what has happened to GameStop and AMC
▼ + stars: | 2023-09-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +6 min

There's Anthony Ramos' Marcus, a GameStop cashier, being lectured by his parents that this stock trading thing isn't real. Reddit versus Wall StreetMany social media traders discussed the meme stock moment in David vs Goliath terms — the retail traders versus the hedge funds. Several brokerages limited trading in meme stocks at the height of the meme stock mania. In the second quarter of 2019, before the meme stock mania began, the company generated about $1.3 billion in net sales. The AMC stock sales have diluted the holdings of individual shareholders, and the market cap of AMC is still down more than 50% from its peak.

Persons: Pete Davidson, Paul Dano's Keith Gill, Kitty, There's Anthony Ramos, Marcus, Jenny, hasn't, David, Gabe Plotkin, Seth Rogen, Capital, Robinhood, Chewy, Ryan Cohen, Matthew Furlong, shakeups, Adam Aron, Plotkin Organizations: Sony Pictures Entertainment, GameStop, YouTube, Ferrari, AMC Entertainment, AMC, SEC, Amazon, Wall Street titans, Charlotte Hornets

☆ Citi shakeup: The banking giant is planning layoffs and a huge overhaul
▼ + stars: | 2023-09-13 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Citigroup is planning a sweeping overhaul of its organization after years of lackluster stock performance. Citi stock climbed 2% shortly after the overhaul was announced. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. AdvertisementAdvertisementPeople familiar with the matter confirmed the layoffs with Bloomberg on Wednesday, though it was unclear how many employees would be affected. Citigroup stock rose 2% to $42.35 a share shortly after the reorganization was announced.

Persons: Jane Fraser, Fraser Organizations: Citigroup, Citi, Service, Bloomberg, Wall Street Locations: Wall, Silicon

☆ Mark Thompson, former New York Times Company and BBC exec, expected to serve as the next CEO of CNN after Chris Licht's epic PR fail, according to new report
▼ + stars: | 2023-08-30 | by ( Kelsey Vlamis | Erin Snodgrass | ) www.businessinsider.com time to read: +1 min

Puck reported CNN has tapped Mark Thompson to step in as CEO and chairman. Thompson formerly served as CEO of the New York Times Company and director general at the BBC. The news comes after Chris Licht stepped down following low ratings and what many called a PR disaster. AdvertisementAdvertisementMark Thompson, who formerly served as CEO of the New York Times Company and director general at the BBC, has been tapped to take over as CEO and chairman at CNN, Puck News first reported Tuesday. Licht's 13 months at CNN were characterized by big shakeups and a widely criticized town hall with former President Donald Trump.

Persons: Puck, Mark Thompson, Thompson, Chris Licht, Puck's Dylan Byers, bigwigs, Nich Carlson, Licht's, Donald Trump Organizations: CNN, New York Times Company, BBC, Puck News

☆ Mark Thompson named CNN chief executive and chairman at critical juncture in news network’s history
▼ + stars: | 2023-08-30 | by ( Oliver Darcy | ) edition.cnn.com time to read: +7 min

I am confident he is exactly the leader we need to take the helm of CNN at this pivotal time,” David Zaslav, the chief executive of CNN parent company Warner Bros. At the Times, Thompson successfully transformed the newspaper into a digital powerhouse. CNN+, which launched last year as the network’s ownership changed hands from AT&T to Warner Bros. The standalone streamer also didn’t fit into Warner Bros. Discovery’s larger plans to house all content inside a single super-streamer. The streaming service will be located inside the Max app, alongside content from HBO, Discovery, and Warner Bros. Pictures.

Persons: Mark Thompson, “ Mark, ” David Zaslav, Thompson, Donald Trump, Trump, Jeff Zucker, Chris Cuomo, Don Lemon, Chris Licht, nosediving, Licht, Zaslav, Amy Entelis, Virginia Moseley, Eric Sherling, David Leavy, ”, CNN Max, Jake Tapper ” Organizations: CNN, The New York Times, BBC, Warner Bros, Discovery, Times, MSNBC, Atlantic, CNN Digital, The Times, CNN.com, U.S, Warner Bros . Discovery, HBO, Warner Bros .

☆ CNN’s new chief faces a crucial test on several fronts that will define the network’s future
▼ + stars: | 2023-08-30 | by ( Oliver Darcy | ) edition.cnn.com time to read: +7 min

Discovery chief executive could have waited to appoint a singular leader of CNN after firing his former hand-picked network boss Chris Licht. By appointing a new chief executive and chairman, he’s taking an inherent risk as the 2024 presidential cycle heats up. Under former network boss Jeff Zucker, staffers never questioned what CNN’s mission statement was. It will be illuminating to hear more from Thompson on this matter, given he will also be responsible for CNN’s editorial. During his decades in media, Thompson earned a reputation for being a confident executive with thick skin who masterfully executes a vision, all while maintaining the support of the troops.

Persons: CNN —, Mark Thompson, Thompson, we’ve, ” Thompson, “, ►, Bob Iger, ” ► It’s, David Zaslav, Chris Licht, —, Amy Entelis, Virginia Moseley, Eric Sherling, David Leavy —, Zaslav, he’s, Jeff Zucker, Donald Trump, ► Licht, Licht, Zucker, Chris Cuomo, Don Lemon, nosediving, Licht’s, ” ►, Trump, They’ve Organizations: CNN, CNN — It’s, The New York Times, BBC, Times, Warner Bros . Discovery, MSNBC Locations: Hudson Yards

☆ DeSantis Super PAC will launch a $25 million ad blitz in Iowa and New Hampshire to reverse campaign's slide in the GOP presidential race
▼ + stars: | 2023-08-26 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Never Back Down is looking to reverse DeSantis' presidential campaign slump with a sizable ad buy. DeSantis has promoted his conservative record on the trail, but Trump continues to dominate the GOP race. Top officials for Never Back Down, who were encouraged by DeSantis' debate performance on Wednesday, outlined their strategy at a lunch shortly before the debate, according to The Post. Such a development would also be welcome news amid headlines about layoffs and campaign shakeups in the DeSantis campaign. AdvertisementAdvertisement"We are totally dominating DeSanctus right here in the state of Florida," Trump said at the time, mispronouncing the governor's last name.

Persons: DeSantis, Trump, Ron DeSantis —, Donald Trump, Vivek Ramaswamy, Kristin Davison, " Davison, Joe Biden, DeSanctimonious, Ramaswamy Organizations: GOP, Service, White, The Washington Post, Gov, Republican Locations: Iowa, New Hampshire, Wall, Silicon, Florida, coalescing

☆ Trump is skipping the first GOP presidential debate. Here's a look who's participating and what we know about their planned attack strategies for the high-stakes event.
▼ + stars: | 2023-08-21 | by ( John L. Dorman | Madison Hall | ) www.businessinsider.com time to read: +8 min

The first Republican presidential debate is scheduled for August 23, 2023, in Milwaukee, Wisconsin. Without Trump at the debate, seven other candidates are set to make their cases for the White House. Here's a look at how the debate is coming together, as the GOP candidates had to meet a set of criteria to even appear onstage. Christie, once a close ally of Trump, has consistently been the fiercest critic of the former president in the GOP race. Suarez, should he make it onstage, will likely just focus on boosting his profile to GOP voters beyond South Florida.

Persons: Trump, Donald Trump, Ron DeSantis, Trump —, Ramaswamy, Mike Pence, Sen, Tim Scott of, Doug Burgum, Chris Christie, Nikki Haley, Miami Mayor Francis Suarez, Asa Hutchinson of, Vivek Ramaswamy, Scott Eisen, dethrone Trump, DeSantis, Christie, who's, Pence, Burgum, Haley, Alex Brandon Haley, Scott, Hutchinson, Suarez Organizations: GOP, White, Service, Trump, Republican, Gov, Fox News, Fox Nation, Miami Mayor, Republican National Committee, DeSantis, Daily, Politico, UN, Palmetto State, Republicans, New, Capitol Locations: Milwaukee , Wisconsin, Wall, Silicon, Florida, Milwaukee, Iowa, New Hampshire , Nevada, South Carolina, Tim Scott of South Carolina, North Dakota, New Jersey, Asa Hutchinson of Arkansas, Nazi, United States, Palmetto, Israel, New Hampshire, South Florida

☆ DeSantis campaign urges patience for breakout moment with eye toward first debate
▼ + stars: | 2023-07-14 | by ( Steve Contorno | ) edition.cnn.com time to read: +11 min

CNN —Facing a long summer of running from behind former President Donald Trump, Florida Gov. Ron DeSantis is for now resisting calls to dramatically change course in his presidential campaign, instead targeting the first debate in late August as his opportunity to alter the trajectory of the race. DeSantis’ campaign has already surpassed the donor threshold requirement of 40,000 unique donors and appears on track to meet the polling threshold as well. DeSantis’ political team expects his activity in the coming weeks may look subdued compared to other candidates who may need an attention-grabbing moment to attract donors and support to meet the debate requirements. “People want to support Ron but don’t like this kind of stupid stuff,” the fundraiser told CNN.

Persons: Donald Trump, Ron DeSantis, doesn’t, Trump, it’s, DeSantis, “, Fox’s Maria Bartiromo, Privately, Chris Christie, “ That’s, ”, Erick Erickson, Erickson, Steve Cortes, I’ll, ” Cortes, ” DeSantis, Phillip Huffines, Biden, ” Huffines, he’s, ” Erickson, Jeff Angelo, ” Angelo, Casey, DeSantis ”, Joe Biden, Caitlyn Jenner, Tomi Lahren, Ron Organizations: CNN, Florida Gov, GOP, Trump, New, New Jersey Gov, Summit, PAC, Republicans, Biden, Republican, Twitter, Miss, “ Locations: Florida, South Florida, New Jersey, Iowa, Trump . Iowa, New Hampshire, Texas, Dallas, Ohio, Wisconsin

☆ Opinion: Trump, the hoarder in chief
▼ + stars: | 2023-06-18 | by ( Richard Galant | ) edition.cnn.com time to read: +13 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. Photos included in the 38-count indictment of former President Donald Trump and his aide Walt Nauta show bankers boxes stacked in a bathroom and other parts of Trump’s Mar-a-Lago club. Trump has always hung onto news clippings, documents and other mementos,” The New York Times reported. “Trump is chaotic and unpredictable in a way that could lead other Republicans to believe that there is a chance he won’t make it to the convention. As Zelizer noted, “Trump has denied wrongdoing, claiming he is being unfairly targeted.”But “given this unusual context, Republicans have legitimate reasons to think that there could be an upset.

Persons: Harry Fellowes, Fellowes, Harry Fellowes couldn’t, Donald Trump, Walt Nauta, Trump, Kim Jong, Mr, Jack Smith’s, Peter Bergen, ” Bergen, Nick Anderson, David Zurawik, “, ” Zurawik, ” Clay Jones, ” Trump, Jill Filipovic, ” Dana Summers, John Avlon, MAGA hasn’t, Gautham Rao, Donald Trump’s, Dean Obeidallah, Hillary Clinton, Phil Hands, Miami Mayor Francis Suarez, Julian Zelizer, “ Trump, ”, Facebook Trump, Zelizer, Republican Alice Stewart, Joe Biden, Mike, Pence, Agency Stewart, I’m, that’s, Chris Christie, Christie, Cupp, ’, Frida Ghitis, Mucutuy, –, Cristin, Tien Ranoque, ” Ghitis, David Andelman, Ruth Ben Ghiat, Brett Bruen, Sébastien Roblin, Michael Bociurkiw, Father’s, Edward S, Feldman, Harrison Ford, David G, Allan, Tom Hanks, ” Allan, I’ve, Ford, Indiana Jones, Steve Majors, Young, Joyce M, Davis, Pete Buttigieg, ” Davis, Buttigieg, Don’t, Tom Stiglich, Syndicate David Culver, Opal Lee, Dion Sims, Black, Juneteenth Scott Hodge, Roxanne Jones, LeBron James, NBA Joshua Douglas, Samuel Huneke, Jere Hester, they’re, Sir Paul McCartney, John Lennon’s, Yoko Ono, Lennon’s, McCartney Organizations: CNN, White, The New York Times, West Wing, Tribune, Agency, US, Trump, Miami Mayor, Republican, Twitter, Facebook, intel, New, New Jersey Gov, Paramount Pictures, “, Syndicate, NBA, Central Press, Hulton, Beatles, BBC Locations: Trump’s, Mar, Miami, New Jersey, China, Philadelphia, Atlanta , Georgia, Harrisburg , Pennsylvania, Jamaica

☆ The global economy will grow at the slowest pace in 3 decades as higher interest rates bite, IMF chief says
▼ + stars: | 2023-04-06 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

The global economy is looking at its slowest growth in three decades over the next 5 years, the IMF head said Thursday. Higher interest rates as central banks battle hot inflation are weighing on demand in advanced economies. The Federal Reserve, the European Central Bank and the Bank of England are among the central banks that have jacked up interest rates to combat decades-high inflation in their respective economies. While higher interest rates are slicing into demand, central banks must continue fighting inflation and safeguarding financial stability, said Georgieva. The shakeups were reminders that it's difficult to rapidly switch from a prolonged period of low-interest rates and ample liquidity to much higher rates and scarcer liquidity, the IMF chief said.

☆ The rise and fall of Macy's, the beloved American retailer which just announced a new CEO to lead its revival efforts
▼ + stars: | 2023-03-31 | by ( Bethany Biron | ) www.businessinsider.com time to read: +2 min

As one of the oldest and largest department stores in the nation, Macy's is an icon of American retail. Despite its dominance, Macy's has struggled in recent years to overcome slumping sales and continues to shutter stores. Here's the story of Macy's rise to iconic American retailer and a look at its recent stumbles. Since its humble beginnings as a small dry goods store in New York City, Macy's has pioneered several components of the modern department store, including onsite tailoring, dining, and elaborate window dressings. While the fate of the retailer remains unknown, we took a look at Macy's meteoric rise and recent struggles.

☆ Google got a pandemic boost for its Workspace software but blew it, insiders say. Now it plans to attack Microsoft with a new push in AI.
▼ + stars: | 2023-03-14 | by ( Rosalie Chan | Hugh Langley | ) www.businessinsider.com time to read: +14 min

Google Cloud CEO Thomas Kurian spent much of his time at a partner meeting talking about Workspace, tweeted Tony Safoian, CEO of Google Cloud partner SADA Systems. "Around the globe, more than nine million paying organizations, and more than three billion users rely on Google Workspace for communication and collaboration. Other major customers like Deutsche Bank use Google Cloud for cloud infrastructure, but Microsoft Office for collaboration software. Forty-four percent of software procurers whose organization plans to or currently uses Microsoft's collaboration software also use Google Workspace, according to the 2022 Forrester study. While Google Cloud is still unprofitable, it has decreased losses to $480 million, down from $890 million last year.

☆ Biden taps Fed's Brainard, Bernstein for top economic jobs as part of White House reshuffle
▼ + stars: | 2023-02-14 | by ( Emma Kinery | ) www.cnbc.com time to read: +4 min

In recent weeks, Jeff Zients has replaced Ron Klain as White House chief of staff. Kate Bedingfield, White House communications director, said she plans to leave at the end of the month. The pair will have tremendous influence over economic policy at a tricky time for the United States. As NEC director, Brainard will be tasked with crafting the president's economic agenda and coordinating economic responses between various agencies. "He is an expert on worker empowerment and a worker-centric economic policy, which has long been the heart of my economic vision."

☆ Retail CEO crisis: With recent shakeups at Kohl's, Adidas, Dollar General, and more, the industry's top job is suddenly the hardest to fill
▼ + stars: | 2023-02-11 | by ( Matthew Kish | Avery Hartmans | ) www.businessinsider.com time to read: +8 min

It's the surest sign yet of a crisis facing the retail industry. Supply chains got snarled, shoppers stopped visiting stores, and stimulus payments spiked demand, each making it difficult to measure how business was doing. Then stimulus payments sent demand for everything from sneakers to home goods spiking while supply chains snarled. And just when supply chains started to sort themselves out, inflation hit, and shoppers started to scale back spending. Retail CEOs need 'peripheral vision'Workers at Starbucks stores and Amazon warehouses across the country have pushed to unionize, with many calling out the pay disparity between front-line workers and top executives.

☆ Twitter API: Why users are upset about the platform's latest change
▼ + stars: | 2023-02-03 | by ( Aj Willingham | ) edition.cnn.com time to read: +3 min

While the concept of an “API restriction” may not sound dramatic, this latest change has users once again worried about Twitter’s future. Many of Twitter’s users are not happy about the change, as they say it will fundamentally alter the platform’s culture. Some people have used Twitter’s API to provide accessibility options to content, like alt text or image descriptions. How could restricting API access change Twitter? Some users are concerned about what the API access changes will mean for their work.

☆ Bed Bath & Beyond just missed another debt payment. See the full list of stores it will close, including Harmon and Buybuy Baby locations.
▼ + stars: | 2023-02-02 | by ( Avery Hartmans | Dominick Reuter | ) www.businessinsider.com time to read: +20 min

In addition to 87 more Bed Bath & Beyond stores, the company now says it will close all of its remaining Harmon health and beauty stores, and five Buybuy Baby stores. San Leandro: 15555 East 14th St., Suite 24015555 East 14th St., Suite 240 Burbank: 201 East Magnolia Blvd. Marina: 117 General Stilwell Drive117 General Stilwell Drive Vallejo: 105 Plaza Drive, Suite 107105 Plaza Drive, Suite 107 * Palm Desert: 72459 Highway 11172459 Highway 111 * Visalia: 3125 South Mooney Blvd. Arterial * Coralville: 2515 Corridor Way Suite 5Kansas:Lawrence: 3106 S. Iowa St., Suite 2153106 S. Iowa St., Suite 215 Manhattan: 425 3rd Place425 3rd Place * Olathe: 15335 W. 119th St.Kentucky:Elizabethtown: 1998 N. Dixie Ave.1998 N. Dixie Ave. New Hartford: 4805 Commercial Drive4805 Commercial Drive Kingston: 1187 Ulster Ave.1187 Ulster Ave. Plattsburgh: 73 Centre Drive, Suite 10073 Centre Drive, Suite 100 Farmingdale: 251 Airport Plaza Blvd.

☆ In leaked memo, Shopify CEO Tobi Lütke announces CTO departure and other engineering shakeups
▼ + stars: | 2023-01-27 | by ( Madeline Stone | ) www.businessinsider.com time to read: +4 min

Shopify CTO Allan Leinwand is leaving the company, CEO Tobi Lütke announced on Friday. Shopify CTO Allan Leinwand is set to depart the Canadian e-commerce company after 15 months in the role. In addition to his job as CEO, Lütke has also performed the tasks of chief product officer since Craig Miller departed Shopify in September 2020. Today Allan Leinwand shared that he will be saying goodbye to Shopify in the coming weeks. With Allan's departure, I'm retiring the CTO jersey.

☆ The GOP tackles one of the worst midterm election performance in decades by voting to change nothing at the RNC
▼ + stars: | 2023-01-27 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

AnalysisRonna McDaniel won a fourth term as chair of the Republican National Committee. McDaniel won with 111 votes. On average, the party that doesn't control the White House has picked up between 30 to 25 House seats, as shown by The Washington Post. Going by historical average performance, Democrats should have lost four US Senate seats. The GOP kicked out the sitting chair of the House Democrats' campaign arm, and Republicans also flipped four House seats in the Empire State.

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