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☆ I asked an AI chatbot to give me advice on how to manage finances with my spouse
▼ + stars: | 2023-02-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Managing finances with a significant other isn't the sexiest thing to talk about, but it's an important topic to breach. If you're unfamiliar with Replika, it's an AI chatbot similar to ChatGPT, with one big exception. After a brief intro, I explained my problem: I needed help managing finances with my wife. Maintain separate accounts: It's also a good idea for each spouse to have their own personal account for individual expenses and financial independence. For example, if one spouse makes significantly more than the other, they may contribute a larger portion to joint expenses.

Feb 13 (Reuters) - Banking and payments processing conglomerate Fidelity National Information Services Inc (FIS.N) took a $17.6 billion write-down on its merchant business as it unveiled plans on Monday to spin it off, undoing a $43 billion acquisition that went sour. FIS built its merchant business, which processes transactions for companies, on the back of its $43 billion purchase of WorldPay four years ago. "The pace of disruption in payments is rapidly accelerating, requiring increased investment in growth and a different capital allocation strategy for our merchant solutions business," FIS Chairman Jeffrey Goldstein said in a statement. Charles Drucker, the former CEO of Worldpay, will lead the merchants business after it is spun out, FIS said. Merchant solutions makes up about 30% of FIS' revenue, while its banking solutions arm constitutes about 46%, and capital market solutions the remainder.

☆ Canada's Champagne unveils CRTC direction as Rogers-Shaw deal nears final nod
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: +1 min

Feb 13 (Reuters) - Canadian Industry Minister François-Philippe Champagne said on Monday the country's broadcast and telecommunications regulator would focus on improving competition, affordability and consumer rights as part of a new policy direction. Other objectives in the policy direction to Canadian Radio-television and Telecommunications Commission (CRTC) included speeding up new infrastructure for better consumer access and improving service reliability, said Champagne, the Minister of Innovation, Science and Industry. Champagne has previously indicated support for the Rogers-Shaw deal if certain conditions were met. In January, the companies cleared a major hurdle after the Canada Competition Bureau dropped plans to oppose the deal following two defeats in courts. ($1 = 1.3337 Canadian dollars)Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

FIS plans to pursue a tax-free spin-off of its merchant business, which processes payments for companies, the sources said. The spin-off will take many months to be completed, and FIS will also entertain any acquisition offers for the unit during this period, the sources added. Much of FIS's merchant business consists of Worldpay, which it bought for $43 billion in 2019. The sources cautioned that no transaction is certain and asked not to be identified discussing confidential deliberations. Merchant solutions makes up about 30% of the company's revenue, while its banking solutions arm constitutes about 46%, and capital market solutions the remainder.

☆ Why Processing Sweden’s Rare-Earth Haul Won’t Be Easy
▼ + stars: | 2023-02-09 | by ( Yusuf Khan | ) www.wsj.com time to read: +4 min

The find is adjacent to the company’s Kiruna iron-ore mine, an operation that would eventually be expanded to extract the rare earths plus phosphorus, a critical mineral for fertilizers. The company said it would take 10 to 15 years to start recovering the rare earths. LKAB facilities in Kiruna, Sweden. Also, LKAB reported that its find has a total rare-earth oxide level of 0.18%, a low level of concentration. U.K.-based Pensana PLC aims to mine rare-earth concentrates in Angola, before separating and processing them in the north of England.

☆ UK's Argo Blockchain CEO Peter Wall to step down
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +1 min

Feb 9 (Reuters) - Crypto miner Argo Blockchain (ARB.L) said on Thursday founder Peter Wall would step down from his position as chief executive officer and interim chairman to "pursue other opportunities". Chief Operating Officer Seif El-Bakly has been appointed as interim CEO, effective immediately, while Matthew Shaw will take over as the board chairman. The struggling crypto miner managed to prevent bankruptcy at the end of last year after agreeing to sell its mining facility Helios and refinance a new asset-backed loan. Argo intends to engage an executive search firm to assist the search for its CEO, the company added. Reporting by Radhika Anilkumar in Bengaluru; Editing by Rashmi Aich and Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ Grocery consumers sue to block Kroger’s $25 bln buy of Albertsons
▼ + stars: | 2023-02-03 | by ( Mike Scarcella | ) www.reuters.com time to read: +3 min

Kroger is the biggest grocer in the U.S. by revenue, and Albertsons is the second-largest supermarket chain. Nearly 5,000 grocery stores would be under one corporate umbrella if the deal, announced in October, goes through. A representative for Albertsons declined to comment on Friday, and a Kroger spokesperson did not immediately respond to a message seeking comment. Kroger operates stores under banners including Harris Teeter, Pay Less and King Soopers. U.S. antitrust law lets private consumers sue over proposed mergers and acquisitions, apart from any enforcement action brought by a state or federal agency policing competition laws.

☆ As rivals surged in 2022, ExodusPoint shed assets and employees amid mixed performance. It reshuffled its business in November.
▼ + stars: | 2023-02-02 | by ( Alex Morrell | ) www.businessinsider.com time to read: +8 min

a hedge fund recruiter said, commenting on the calculus for hedge fund investors. At the end of 2021, the fund's exposure had been evenly split between fixed-income and equities, according to the investor documents. In all, more than 60 portfolio managers departed or were let go in 2022, according to the investor documents and people close to the matter. After the shakeup, ExodusPoint's income stream is now even more reliant on fixed-income trading — and that may not be such a bad thing. "The fixed income piece is doing incredibly well," another hedge fund recruiter said.

☆ The Fed Keeps Hiking Interest Rates. Here’s Why You Should ‘Absolutely’ Act Now for Better Savings and CD Rates
▼ + stars: | 2023-02-01 | by ( ) www.wsj.com time to read: +6 min

By Martha C. WhiteThe Fed is set to send savings and CD rates higher yet again. On Wednesday, the Fed announced a quarter-percentage-point interest rate increase to its benchmark federal-funds rate, following its Jan. 31-Feb.1 meeting. Policy makers’ economic projections released in December show that Fed officials don’t expect inflation to hit 2.1% until 2025. “It’s going to be slow, but I think the trend is going to be higher” rates. If that’s your bank, he adds, you “absolutely should be taking advantage of a higher rate savings account.”

Some hedge funds, wealth managers, and asset managers are still hiring. Recruiters told us what roles are in demand and what skills can help you land them. Big-name hedge funds like Citadel, D. E. Shaw, and Millennium Management posted double digits in a year that many other investment managers would rather soon forget. Alternative asset managers, meanwhile, are hiring in the private-wealth-management businesses they've spent recent years building out. … if you're in or interested in wealth managementDespite the market downturn, wealth managers are in high demand.

☆ Want to quit your job and run your side hustle full time? Start by working at one of these 5 companies
▼ + stars: | 2023-01-29 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

In the case of many a successful startup founder, that means working a day job before they're ready to strike out and start their own new business. Multiple big-name companies top the list, according to a new report from small-business lending platform OnDeck, which examined large U.S. companies with high rates of former employees launching their own businesses. The top four companies on OnDeck's list all hail from the consulting world, which isn't surprising: Consultants at those companies are often tasked with helping clients hone their management and business strategies. Goldman Sachs leads the way among financial services companies on OnDeck's rankings, with 5.92% of former employees becoming founders. By focusing primarily on large companies, OnDeck's report doesn't provide a comprehensive list.

☆ 13 things Airbnb hosts wish their guests would stop doing
▼ + stars: | 2023-01-29 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +8 min

Airbnb hosts don't communicate with guests outside of answering questions and leaving reviews. So Insider asked hosts what they wish their guests would stop doing during their stays. Insider spoke to multiple Airbnb hosts and asked them the things they desperately wished that guests would stop doing at their listings. Please respect our properties so we can continue to allow you to bring your furry friends," Cohen told Insider. Forgetting to leave a ratingAs Insider reported previously, Airbnb hosts live and die by the website's ratings.

☆ Deadly New Zealand flood crisis extends in country's north island
▼ + stars: | 2023-01-29 | by ( ) www.reuters.com time to read: +3 min

SYDNEY, Jan 29 (Reuters) - New Zealand's deadly flood emergency continued on Sunday after heavy rainfall hit the country's north island, causing landslides, flash floods and knocking out roads. The nation's weather forecaster, MetService, warned of more severe weather on Sunday and Monday for the north island, including in Auckland where severe thunderstorms were possible. Climate change is causing episodes of heavy rainfall to become more common and more intense, though the impact varies by region. loadingOn Sunday, police said they were assisting with traffic management and road closures in that region after heavy rainfall "caused numerous slips, flooding and damage to roads". "Police are asking those in areas experiencing severe weather to ... not attempt to travel on the roads, many of which are currently undriveable," police said.

☆ D'Arcy Carden reveals what it was like living with her 'Shotgun Wedding' co-star Jennifer Coolidge: She's 'America's sweetheart'
▼ + stars: | 2023-01-28 | by ( Esme Mazzeo | ) www.businessinsider.com time to read: +5 min

D'Arcy Carden said Jennifer Coolidge is even "smarter and funnier" than people think. D'Arcy Carden attends the 28th Annual Critics Choice Awards in Janurary 2023. Carden watched 'Die Hard' to prepare for her roleJennifer Lopez, D'Arcy Carden, and Cheech Marin in "Shotgun Wedding." "The Good Place" star D'Arcy Carden attends the 2019 Emmys in Los Angeles on Sunday. Frazer Harrison/Getty ImagesShe described being the center of the "Shotgun Wedding" twist as "so fun" and "delicious."

Following the brutal beating on Jan. 7, Nichols was hospitalized in critical condition and died three days later. This is what we know about the five Memphis police officers at the center of this latest storm:Demetrius Haley, 30Officer Demetrius Haley. Memphis Police Department via APBefore Haley joined the Memphis Police Department in August 2020, he worked as a corrections officer for the Shelby County Corrections Department. Memphis Police Department via APBean's family was thrilled when he was hired in August 2020 by the Memphis Police Department. Memphis Police Department via APSmith was hired by the Memphis Police Department in March 2018.

Still, hedge funds piled into Shaw, betting the deal would go ahead. But now, together, the 12 hedge fund firms have made hundreds of millions over the nearly two-year period between Mar. POPULAR TRADEThe 12 hedge fund firms together owned 7.05% of Shaw's shares, or 33.6 million shares, according to Refinitiv Eikon data. Millennium, for example, is a multi-strategy firm - meaning it operates different hedge fund strategies. If the competition bureau had prevailed, analysts had predicted Shaw shares would have dropped to the pre-bid level of C$23, pointing to steep losses for the hedge funds.

☆ Man Utd cannot be complacent against Reading - Ten Hag
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +2 min

MANCHESTER, England, Jan 27 (Reuters) - Manchester United expect Reading to be highly motivated for Saturday's FA Cup meeting and will not take their second-tier opponents lightly, manager Erik ten Hag said on Friday. They have also reached the semi-finals of the League Cup and the Europa League's knockout stage, and are favourites to beat Reading in their FA Cup fourth round clash on Saturday. Every opponent will be tough, especially in the FA Cup. "I said he's on the way back, he's making steps, he's back in team training, and we have to see when he's ready to go back into games." Ten Hag added that Diogo Dalot "is definitely out" for the game and said Luke Shaw's availability is also in doubt.

☆ 12 things your Airbnb hosts wish they could tell you
▼ + stars: | 2023-01-26 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +9 min

But dealing with an Airbnb host, as opposed to a hotel concierge, can be tricky. We spoke to Airbnb hosts across the US — here are 12 things they wish they could tell all guests. Insider spoke to multiple Airbnb hosts and asked them what they wished they could tell their guests. First things first: Don't use Airbnb or similar services, like VRBO, if you don't have toMultiple Airbnb hosts told Insider they'd actually prefer leaving Airbnb out of the process altogether. Some hosts simply shouldn't be hosts — don't let that put you off Airbnb"The main reason people should get into this business is to provide exceptional service to guests.

☆ Netflix co-CEO Ted Sarandos says the company has 'never canceled a successful show' after ditching '1899'
▼ + stars: | 2023-01-26 | by ( Travis Clark | ) www.businessinsider.com time to read: +3 min

Netflix's co-CEO Ted Sarandos told Bloomberg that the company has "never canceled a successful show." "We have never canceled a successful show," Netflix co-CEO Ted Sarandos recently told Bloomberg after Bloomberg's Lucas Shaw said there are "constantly people outraged about shows getting canceled." "A lot of these shows were well-intended but talk to a very small audience on a very big budget," Sarandos said. "The key to it is you have to be able to talk to a small audience on a small budget and a large audience at a large budget. But the company has also canceled plenty of other shows after a few, or even just one, season.

☆ Rogers' bid for Shaw boosted after court rejects antitrust effort to block deal
▼ + stars: | 2023-01-25 | by ( Maiya Keidan | ) www.reuters.com time to read: +3 min

TORONTO, Jan 24 (Reuters) - A Canadian court on Tuesday dismissed the competition bureau's effort to overturn an approval of Rogers Communications Inc's (RCIb.TO) C$20 billion ($14.9 billion) bid to buy Shaw Communications Inc (SJRb.TO). Rogers and Shaw shares extended gains on the decision, and both closed about 3% higher, while the benchmark Canadian share index (.GSPTSE) was flat. The Federal Court of Appeal in Ottawa swiftly dismissed the antitrust regulator's appeal to overturn a Dec. 30 decision by the Competition Tribunal to approve the deal. Justice David Stratas told the court that many of the points of law the antitrust agency had raised were "without merit." Shaw, Rogers and Quebecor said in a joint statement on Tuesday that "we welcome this clear, unequivocal, and unanimous decision by the Federal Court of Appeal."

Some hedge funds, wealth managers, and asset managers are still hiring. Layoffs across industries have been dominating headlines in January, and Wall Street has been no exception. Big-name hedge funds like Citadel, D. E. Shaw, and Millennium Management posted double digits in a year that many other investment managers would rather soon forget. Alternative asset managers, meanwhile, are hiring in the private-wealth-management businesses they've spent recent years building out. Emily Landon, the CEO of the Chicago-based headhunting firm The Crypto Recruiter, pointed to the job board Crypto Careers, which has over 2,400 openings.

☆ Rogers-Shaw on cusp of final nod for protracted C$20 bln deal
▼ + stars: | 2023-01-25 | by ( Maiya Keidan | ) www.reuters.com time to read: +2 min

The bureau late on Tuesday accepted the verdict of the Federal Court of Appeal (FCA) and said it would not pursue an appeal. Its decision is widely seen as paving the way for the C$20 billion ($14.98 billion) transaction to clear ahead of its Jan. 31 deadline. It now awaits final clearance from Industry Minister François-Philippe Champagne, who has previously expressed support for the transaction if certain conditions are met. The House of Commons industry committee in March said the deal should not proceed, though, its recommendations are non-binding. Rogers-Shaw have agreed to sell Freedom Mobile, a wireless business owned by Shaw, to Quebecor Inc (QBRb.TO) in order to alleviate competition concern.

But when it comes to Black success stories in his neighborhood, McCain is not alone. Washington, D.C., according to the U.S. Census Bureau, is a hub of upward mobility for Black families. One pillar of his success, McCain said, was attending Woodrow Wilson High School, a vocational school located in one of the area's higher-end neighborhoods. Through HalfSmoke, McCain is able to give back to the community that built him. Watch the video to learn more about one of the many Black success stories that began in Washington, D.C.

☆ Rogers-Shaw on cusp of final nod for protracted C$20 bln deal, shares rise
▼ + stars: | 2023-01-25 | by ( Maiya Keidan | ) www.reuters.com time to read: +3 min

Its decision is widely seen as paving the way for the C$20 billion ($14.98 billion) transaction to clear ahead of its Jan. 31 deadline. It now awaits final clearance from Industry Minister François-Philippe Champagne, who will be considering the transfer of Freedom Mobile Inc's spectrum license to Quebecor Inc's Videotron unit. "This is essentially a done deal, barring any surprises from Minister Champagne," Aaron Glick, analyst with New York-based investment firm Cowen, told Reuters. The House of Commons industry committee in March said the deal should not proceed, although its recommendations are non-binding. Rogers-Shaw have agreed to sell Freedom Mobile, a wireless business owned by Shaw, to Quebecor Inc (QBRb.TO) in order to alleviate competition concern.

☆ Toronto market ends slightly down as Magna slides
▼ + stars: | 2023-01-24 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended down 2.03 points at 20,629.55, after posting on Monday its highest closing level in more than seven months. The U.S. benchmark index S&P 500 also ended slightly lower. "The issue for 2023 is going to be watching the lagged effects of the interest rate hikes that occurred last year," said Brian Madden, chief investment officer at First Avenue Investment Counsel in Toronto. Investors worry that aggressive interest rate hikes could trigger a recession, with data on Tuesday showing that U.S. business activity contracted for the seventh consecutive month in January. The Bank of Canada will hike its key interest rate by a quarter of a percentage point to 4.5% on Wednesday and then hit pause on its tightening campaign, a Reuters poll of economists showed.

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