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☆ Celebrities are irritated by Elon Musk's plans to take away their blue tick on Twitter unless they pay at least $8 a month
▼ + stars: | 2023-03-31 | by ( Kate Duffy | ) www.businessinsider.com time to read: 1 min

William Shatner called Twitter Blue a "money grab." Musk responded to Shatner, saying that celebrities should be treated the same as everyone else on Twitter. Shatner replied to the billionaire, saying: "Somewhere, Twitter lost its way." He added that Twitter doesn't stop another William Shatner from being verified with the subscription service. Shatner said Twitter Blue seemed to be a "money grab."

☆ Why cloud-based browser management is the missing piece of your business' IT strategy
▼ + stars: | 2023-03-30 | by ( Sponsor Post | Created Insider Studios With Google Chrome Enterprise | ) www.businessinsider.com time to read: +6 min

Cloud-based browser management, like Google's Chrome Browser Cloud Management, can help effectively manage these variables and offer insights into your organization's browsers across the enterprise and down to the user level. How enterprise browser management worksChrome Browser Cloud Management helps support crucial web-based business processes in different user environments by shoring up security, supporting worker productivity, and enforcing unified policies. Getting Started with Chrome Browser Cloud ManagementWith a unified view across devices and operating systems, Chrome Browser Cloud Management can help IT administrators reduce time spent on browser management. Those who are new to Chrome Browser Cloud Management can start the short and no-charge enrollment process here. See how Chrome Browser Cloud Management can help you manage your enterprise's IT operations.

☆ A Twitter user claims GPT-4 saved their dog's life after a vet couldn't correctly diagnose her symptoms
▼ + stars: | 2023-03-30 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +5 min

A Twitter user claimed GPT-4 saved their dog's life after they asked it to diagnose her symptoms. GPT-4 made a diagnosis from blood work and test results, and another vet said it was right. Per his tweets, Cooper told GPT-4, which is currently available through ChatGPT Plus, that his dog had a high fever and that blood work from the vet indicated anemia. They told the AI that the vet diagnosed the dog with babesiosis and inputted two sets of blood work results from that day. After asking the second vet if IMHA could be a possible diagnosis, the vet agreed, Cooper wrote.

☆ Why big investors like Carlyle and Ares are zeroing in on Hollywood and sports deals — and driving private credit in media to new highs
▼ + stars: | 2023-03-28 | by ( Rebecca Ungarino | Reed Alexander | ) www.businessinsider.com time to read: +7 min

And Ares raised $3.7 billion for a fund last fall geared specifically toward sports, media, and entertainment investments across private debt and private equity. Unlike private equity investing, where managers take stakes in companies or buy them, private credit investors lend to businesses and make money on interest payments. (Private investment firm KKR's media, entertainment, and sports portfolio includes Insider parent company Axel Springer.) Carlyle's $146 billion credit arm has also provided capital to Clair, a media tech company that specializes in live production services and audio products. The strategists said driving that uptick are private credit defaults that include so-called softer forms of default, like breaching a loan's terms and conditions, along with private credit portfolio companies having generally lower ratings and less diversified businesses.

☆ 5 alarming stats on U.S. economic inequality in Pulitzer-prize winning author's new book
▼ + stars: | 2023-03-28 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

(Desmond's findings are based on data from a number of sources, including the U.S. Bureau of Labor Statistics and the Pew Research Center.) (Desmond analyzed tax data from a number of sources, including the Office of Management and Budget.) watch now"Most families who enjoy those subsidies have six-figure incomes and are white," Desmond writes. "There is growing evidence that America harbors a hard bottom layer of deprivation, a kind of extreme poverty once thought to exist only in faraway places of bare feet and swollen bellies," Desmond writes. Racial wealth gap is as large as in the '60sLooking at the work of other authors and Federal Reserve data, Desmond found that the racial wealth gap is as wide today as it was more than five decades ago.

☆ Elon Musk says he's working on Twitter's customer service — but some Tesla and Starlink customers haven't been impressed when trying to receive support
▼ + stars: | 2023-03-28 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

Elon Musk said Twitter users must have good customer service, and that he was working on it. Customers of his other companies have said they're disappointed at the lack of customer service. "Of course, you need to have good customer service for money," Musk tweeted, adding he was "working on it." Some commented on how slow and unresponsive Tesla's customer service was, while others said it was quick and easy. Are you a Starlink user or Tesla owner who is disappointed with the company's customer service?

☆ Elon Musk says only paying subscribers will be recommended in Twitter's 'For You' timeline and be able to vote in polls
▼ + stars: | 2023-03-28 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Elon Musk says only verified subscribers will be recommended in Twitter's timeline. Voting in polls will also be exclusive to users verified under Twitter Blue. Musk rolled out his new verification system, including Twitter Blue, shortly after acquiring the platform for $44 billion in late October. Since then, Twitter has been introducing features to try and encourage more Twitter Blue sign-ups, including a way to edit tweets and a longer character limit for subscribers. Musk has publically voiced his disdain for Twitter's old verification system on several occasions, once calling it "deeply corrupted."

☆ Elon Musk tells William Shatner that Twitter shouldn't have different standards for celebrities when it comes to $8 blue checkmarks
▼ + stars: | 2023-03-27 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

Elon Musk told William Shatner there shouldn't be different standards for celebrities on Twitter. Twitter says the only way users can keep their blue ticks is by signing up to Twitter Blue, a monthly subscription which costs $8. Stephen King, Josh Gad, and Lynda Carter were among the celebrities to criticize Musk over charging Twitter users for a blue tick. Before Blue Origin sent Shatner into space on an 11-minute journey, Musk commented "Godspeed Captain" on NASA's Twitter post. Following the flight, the billionaire tweeted: "Congrats, was cool to send William Shatner to space."

☆ UK PM Sunak to unveil measures to crack down on anti-social behaviour
▼ + stars: | 2023-03-26 | by ( ) www.reuters.com time to read: +1 min

LONDON, March 26 (Reuters) - British Prime Minister Rishi Sunak will unveil new measures on Monday to crack down on antisocial behaviour by focusing on policing in several areas of England and Wales, as he works to win over voters in the run-up to an election expected next year. He will say the new measures, including "hotspot" policing and a ban on nitrous oxide or laughing gas, underscores his zero-tolerance approach to anti-social behaviour which will see offenders receiving swift and visible punishments. "Anti-social behaviour undermines the basic right of people to feel safe in the place they call home," Sunak said in a statement. "The public have rightly had enough - which is why I am determined to restore people's confidence that those responsible will be quickly and visibly punished." Reporting by Elizabeth Piper; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

☆ AOC criticizes Elon Musk for plans to remove Twitter's legacy blue checkmarks on April Fool's day
▼ + stars: | 2023-03-24 | by ( Kate Duffy | ) www.businessinsider.com time to read: +1 min

Rep. Alexandria Ocasio-Cortez criticized Twitter's plans to scrap legacy blue checkmarks. Elon Musk's company announced it was revoking legacy verified checkmarks from April 1. Twitter announced on Thursday it plans to soon sunset a legacy verified feature that gave users blue checkmarks next to their name. The company said users can sign up to its Twitter Blue subscription program that costs $8 a month to keep their checkmarks. Both accounts paid for Twitter's verification feature, which gave them the blue tick, making them look like Eli Lilly's official account.

☆ How to spot a liar in seconds using nonverbal cues
▼ + stars: | 2023-03-24 | by ( Don Weber | ) www.businessinsider.com time to read: +6 min

Learning to read nonverbal communication can help you catch a liar and give you an edge in business. What is nonverbal communication? Most likely, you're subconsciously aware of changes in the person's nonverbal communication. Conversely, when your nonverbal communication isn't congruent with your words, people tend to disregard spoken words and focus on body language. There are a few nonverbal signs that when in a cluster, could mean that the truth is not being upheld.

☆ Bank fears will likely lead to even more market volatility in the week ahead
▼ + stars: | 2023-03-24 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

Market turbulence could reign supreme once again in the week ahead, as investors worry about the potential for more trouble rippling through the banking system. The broader market was initially under pressure Friday as investors became jittery about Deutsche Bank . "The market is saying: 'You, the Fed, do not appreciate the slowdown that is going to hit us,'" Chandler said. "The market is going to do a lot better and it held onto its gains despite all the things that rocked the market. He added that market concern about banks has risen, and there is concern credit tightening will hurt the economy.

☆ Twitter is removing a legacy blue tick program — which Elon Musk called 'deeply corrupted' — from April 1
▼ + stars: | 2023-03-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Users can now get blue checkmarks by signing up for the Twitter Blue subscription program. "On April 1st, we will begin winding down our legacy verified program and removing legacy verified checkmarks," Twitter said Thursday. It further said users can keep their blue checkmarks by signing up for its paid Twitter Blue subscription program. But, Musk announced a revamp of the verification program mere days after his purchase of the platform and announced a new paid-for Twitter Blue program that comes with blue checkmarks. Twitter now gives blue check marks to Twitter Blue subscribers with a verified phone number.

☆ US weekly jobless claims tick down as labor market remains tight
▼ + stars: | 2023-03-23 | by ( Lucia Mutikani | ) www.reuters.com time to read: +3 min

The weekly unemployment claims report is the most timely data on the economy's health. "A week after the banking panic began, the labor market is steady as a rock with no new layoffs nationwide," said Christopher Rupkey, chief economist at FWDBONDS in New York. Initial claims for state unemployment benefits fell 1,000 to a seasonally adjusted 191,000 for the week ended March 18. TIGHTENING CREDIT CONDITIONSEconomists expect labor market conditions to loosen, especially in the wake of the collapse of Silicon Valley Bank in California and Signature Bank in New York. The so-called continuing claims increased 14,000 to 1.694 million during the week ending March 11, the claims report showed.

☆ Mortgage rates fall for a second week
▼ + stars: | 2023-03-23 | by ( Anna Bahney | ) edition.cnn.com time to read: +4 min

Washington, DC CNN —Mortgage rates dropped again this week for the second week in a row amid lingering concerns about bank failures and uncertainty in the financial markets. The average mortgage rate is based on mortgage applications that Freddie Mac receives from thousands of lenders across the country. When Treasury yields go up, so do mortgage rates; when they go down, mortgage rates tend to follow. “Each downward tick in mortgage rates is met with increased buyer demand, as many eager home shoppers take advantage of the slightly lower cost of financing a home,” she said. “At the current price and mortgage rate level, the typical housing payment on a median-priced home is 43% higher than one year ago,” said Jones.

☆ Why Bill Ackman fears Wall Street's $30 billion rescue of First Republic could have catastrophic fallout
▼ + stars: | 2023-03-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Bill Ackman is sounding the alarm on Wall Street's $30 billion show of faith in First Republic. The billionaire investor fears the move has put other banks at risk and could endanger the economy. Here's why he's worried and wants a temporary blanket guarantee on bank deposits. JPMorgan, Bank of America, and nine other banks said on Thursday that they would make uninsured deposits totaling $30 billion in First Republic Bank (FRB) for at least 120 days. "Three dominoes have fallen and another is on its way," Ackman said in an earlier tweet, referring to Silicon Valley Bank, Signature Bank, and Silvergate.

☆ Home construction unexpectedly surged in February as slump in lumber prices offset pain of rising mortgage rates
▼ + stars: | 2023-03-16 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

US housing starts surged in February, with the upside surprise boosted by falling lumber prices in the month. Construction projects pushed through a period of rising mortgage rates. "New residential construction reflected improving builder optimism and declining lumber costs in February, even during a month of rising mortgage rates," George Ratiu, senior economist at Realtor.com, wrote Thursday. Rising mortgage rates and recession fears have dragged prices nearly 70% lower in the last year. "That said, we maintain that a sustained recovery in housing construction is out of the question, for now," Clancy said.

☆ Mortgage rates tick higher on cool CPI report
▼ + stars: | 2023-03-14 | 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 EmailMortgage rates tick higher on cool CPI reportCNBC's Diane Olick joins 'The Exchange' to discuss mortgage rates ticking up on a cool CPI report.

☆ Oil prices tick up on China demand and weaker dollar
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +3 min

BEIJING, March 13 (Reuters) - Oil prices ticked up in Monday Asian late morning trade, reversing a weak start as a recovery in Chinese demand and a weaker dollar provided support to a market rattled by the prospect possible further U.S. interest rate increases. West Texas Intermediate crude futures (WTI) ticked up by 20 cents, or 0.26%, to $76.88 a barrel. "From an oil trader's perspective, the U.S. dollar should pull back as traders give up on a re-acceleration of Fed hikes; this, in turn, clears a path for more robust Chinese fundamentals to dominate commodity trading," Innes added. A weaker greenback makes oil cheaper for holders of other currencies, lending support to oil prices. Comments on Sunday from Saudi Aramco CEO Amin Nasser on crude demand from China also provided some support.

Two lawmakers with knowledge of the exports and two former officials said the approvals reflected Britain’s increased willingness to support Taiwan. One of the lawmakers, who also spoke on the condition of anonymity, said authorising the export licences amounted to giving a "green light" to better equip Taiwan. It shows the government authorised 25 export licences to Taiwan during the first nine months of 2022 under the categories "components for submarines" and "technology for submarines." Taiwan has for decades been unable to buy conventional submarines from other countries because of their concerns of angering China. Asked about the decision to approve the increase in export licences, the official said: "You just don't do something like this without thinking through the implications very carefully."

☆ Stocks week ahead: US banks sitting on unrealized losses of $620 billion
▼ + stars: | 2023-03-12 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

US banks were sitting on $620 billion in unrealized losses (assets that have decreased in price but haven’t been sold yet) at the end of 2022, according to the FDIC. What’s happening: Back when interest rates were near zero, US banks scooped up lots of Treasuries and bonds. The result is that most banks have some amount of unrealized losses on their books. “Unrealized losses weaken a bank’s future ability to meet unexpected liquidity needs,” he added. Before the Bell: Do we need unemployment to rise in order to ease inflation rates?

☆ Daylight-saving time is literally killing us — it's time to end this switch
▼ + stars: | 2023-03-10 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +6 min

Phones and other devices will automatically tick forward one hour, and we'll lose an hour of sleep. But every year on the Monday after the switch, hospitals report a 24% spike in heart-attack visits around the US. "That's how fragile and susceptible your body is to even just one hour of lost sleep," sleep expert Matthew Walker, author of "How We Sleep," previously told Insider. iStock; InsiderThe reason that springing the clocks forward can kill us comes down to interrupted sleep schedules. Walker said daylight-saving time, or DST, is a kind of "global experiment" we perform twice a year.

☆ Payrolls rose 311,000 in February, more than expected, showing solid growth
▼ + stars: | 2023-03-10 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Nonfarm payrolls rose by 311,000 for the month, the Labor Department reported Friday. Job creation decelerated in February but was still stronger than expected despite Federal Reserve efforts to slow the economy and bring down inflation. The unemployment rate rose to 3.6%, above the expectation for 3.4%, amid a tick higher in the labor force participation rate to 62.5%, its highest level since March 2020. Though the jobs number was stronger than expectations, February's growth represented a deceleration from an unusually strong January. Powell specifically noted the "extremely tight" labor market as a reason why rates are likely to continue rising and stay elevated.

☆ Layoffs are still historically low, so why does it feel like everyone's losing their job?
▼ + stars: | 2023-03-09 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +9 min

The layoffs and discharges rate in January was 1.1%, which remains historically low. While BLS data may show a low US layoff rate overall, tech layoff announcements are important, given Pollak said that tech and finance are "synonymous with Americans' aspirations generally." "Those markets are very exposed to tech layoffs, and tech plays a disproportionate role in the economy," Terrazas added. Pollak told Insider that the layoffs at tech companies are "relatively small" and that "many companies also are not pursuing layoffs across the board." Despite the layoff rate being very low, job seekers may still be concerned about these headlines.

☆ Inside the germy, sneeze-filled meeting between Morgan Stanley's CEO and the Saudi crown prince at the onset of COVID-19
▼ + stars: | 2023-03-08 | by ( Liz Hoffman | ) www.businessinsider.com time to read: +8 min

James Gorman, CEO of Morgan Stanley, met with the Saudi crown prince at the onset of the pandemic. The young royal kept sneezing during the meeting — and Gorman's fear of a deadly pathogen began to grow. He was in the royal palace in Riyadh, Saudi Arabia, seated to the right of the country's crown prince, Mohammed bin Salman. Given their recent experience with a deadly virus, Gorman took the caution of his Kuwaiti hosts as a sign that the West was underestimating the dangers of this one. And now, as Gorman chatted with the controversial 34-year-old crown prince about ways Saudi Arabia could diversify its economy and reduce its reliance on oil, the young royal kept sneezing.

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