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☆ A string of Russian failures got scores of troops killed in a Ukrainian strike, and Moscow's reaction only made things worse
▼ + stars: | 2023-01-14 | by ( Jake Epstein | ) www.businessinsider.com time to read: +9 min

Scores of Russian troops were killed over the New Year holiday in a Ukrainian HIMARS strike. A string of Russian command failures allowed the deadly attack to happen. If they did, it is unclear if Russian troops were explicitly told not to use their phones and did anyways, or if these rules were actually enforced. It backfired though, as Russian milbloggers expressed anger with Russian military leadership after it came out that Russia's claims were made up. The Ukrainian strike on Makiivka is not the only time where Kyiv has been able to take advantage of Russian command failures during the nearly 11-month-long war, either.

☆ Russia's troubles in Ukraine likely caused leadership shakeup: Pentagon
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, Jan 12 (Reuters) - The Pentagon said on Thursday that Russia's persistent troubles in Ukraine likely led to latest shake-up in military leadership, and urged Moscow to end the war instead turning to new generals to oversee the nearly year-long invasion. Russia on Wednesday appointed Chief of the General Staff Valery Gerasimov to oversee the military campaign in Ukraine. "It likely does reflect some of the systemic challenges that the Russian military has faced since the beginning of this invasion," Brig. "We've talked about some of those things in terms of its logistics problems, command and control problems, sustainment problems, morale and the ... failure to achieve the strategic objectives that they've set for themselves." Reporting by Phil Stewart and Idrees AliOur Standards: The Thomson Reuters Trust Principles.

The leak came from a tiny puncture - less than 1 millimetre wide - on the external cooling system of the Soyuz MS-22 capsule, one of two return capsules docked to the ISS that can bring crew members home. Russia said a new capsule, Soyuz MS-23, would be sent up on Feb. 20 to replace the damaged Soyuz MS-22, which will be brought back to Earth empty. If there is an emergency in the meantime, Roscosmos said it will look at whether the MS-22 spacecraft can be used to rescue the crew. The U.S. agency said last month it was exploring whether SpaceX's Crew Dragon spacecraft could offer an alternative ride home for some ISS crew members, in case Russia was unable to launch another Soyuz. Both NASA and Roscosmos believe the leak was caused by a micrometeoroid - a small particle of space rock - hitting the capsule at high velocity.

☆ Russia appoints top soldier Gerasimov to oversee Ukraine campaign
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: +3 min

Summary Gerasimov to oversee military campaign in UkraineLatest reshuffle follows more battlefield setbacksGerasimov has been target of Russian pro-war criticsJan 11 (Reuters) - Russian Defence Minister Sergei Shoigu appointed Chief of the General Staff Valery Gerasimov on Wednesday to oversee the military campaign in Ukraine, in the latest shake-up of Moscow's military leadership. In a statement, the defence ministry said Shoigu had appointed Gerasimov as commander of the combined forces group for the "special military operation" in Ukraine. Surovikin will now stay on as a deputy of Gerasimov, the defence ministry said. As the unified commander in Ukraine, Surovikin was becoming very powerful and was likely bypassing Shoigu/Gerasimov when talking to Putin," Lee said. Russian and Ukrainian forces were engaged in intense fighting on Wednesday over the town of Soledar in eastern Ukraine, a stepping stone in Moscow's push to capture the entire Donbas region.

☆ Russia to launch Soyuz rocket to bring back cosmonauts from ISS after leak
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: +1 min

MOSCOW, Jan 11 (Reuters) - Russia said on Wednesday it would launch another Soyuz rocket on Feb. 20 to bring home two cosmonauts and a U.S. astronaut from the International Space Station after their original capsule sprang a coolant leak last month. They will return to Earth on Soyuz MS-23," Roskosmos said. "The launch of the Soyuz MS-23 will be on Feb. 20, 2023 in an unmanned mode," Roskosmos said. The MS-23 launch had earlier been planned for mid-March. The U.S. agency said last month it was exploring whether SpaceX's Crew Dragon spacecraft could offer an alternative ride home for some ISS crew members, in case Russia was unable to launch another Soyuz.

☆ Google's most cutting-edge moonshot lab is refocusing on actually making money
▼ + stars: | 2023-01-10 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +5 min

I'm Matt Weinberger, deputy editor of Insider's tech analysis team, filling in for my colleague Diamond Naga Siu for the next few days. It's yet another sign that the tech industry is very different than it was even a year ago. A moonshot in the foot for Google: Insider's Hugh Langley reports that Google's X Development is scaling back from its pioneering, famously envelope-pushing roots as a tech research lab. Instead, it'll focus on initiatives that actually make money for Google and its parent company Alphabet. Read Insider's in-depth review of the newest model of the iPad Pro, released in late 2022.

☆ Google's moonshot factory is coming down to Earth
▼ + stars: | 2023-01-10 | by ( Hugh Langley | ) www.businessinsider.com time to read: +12 min

The project, known internally by its codename, "Valkyrie," was the typical science-fiction-sounding idea that Google's self-described "moonshot factory" was designed to dream up. But amid a lack of successful launches and a tech industry facing economic headwinds, insiders say the lab is now hitting the hard-reset button and rethinking its purpose within Alphabet, Google's parent company. X swapped standard corporate titles like "Communications Lead" and "Manager" for grander and more-nebulous names like "Factory Whisperer" and "Firestarter." Its internet-balloon unit, Google Loon, meant to bring people in rural areas online, was shuttered in January 2021. "I think the infusion of VC people is a good thing," one former senior X employee said.

☆ Crypto could do better than almost all other assets if there's a global recession, Chainlink says
▼ + stars: | 2023-01-10 | 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 EmailCrypto could do better than almost all other assets if there's a global recession, Chainlink saysSergey Nazarov of Chainlink says that's because "the whole point of it is to create an alternative financial system that can't go through the types of failures that a global recession would create."

☆ Tesla ≠ Apple. Elon Musk ≠ Steve Jobs. Cars ≠ iPhones.
▼ + stars: | 2023-01-06 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

I'm Diamond Naga Siu, and today, we're looking at where tech workers are getting hired. Startups and Big Tech have major cultural differences, according to some startup founders. My colleague Rebecca Knight and I found that tech jobs remain abundant — they just aren't necessarily in the tech industry. Elon Musk ≠ Steve Jobs. Many industry experts are quick to compare Tesla to Apple and Musk to Jobs.

☆ Inside the 'Fly Fleet': billionaire Google founder Sergey Brin's growing flotilla of megayachts, boats, and jet skis
▼ + stars: | 2023-01-06 | by ( Rob Price | Hugh Langley | ) www.businessinsider.com time to read: +3 min

In a quiet harbor in California's Redwood City, 30 miles south of San Francisco, there often sits a gleaming 40-meter yacht flying the flag of the Marshall Islands. Along with Butterfly, which often docks in Redwood City, California, Brin maintains a growing flotilla of yachts, jet skis, and skiffs. To maintain the fleet, Brin employs a 50-person team around the globe, led by the master mariner Mike Gregory. InsiderMany of Brin's smaller water-sports toys — as well as Page's — have been supplied by Kai Concepts, a startup that builds high-tech aquatic vehicles, including foilboards and a kite-propelled boat. While he spends much of his time at his collection of tropical islands around the world, he has sold his superyacht Senses and downsized to an assortment of smaller vessels.

☆ NASA asks SpaceX whether it could return 3 astronauts from the ISS in the event of an emergency following a coolant leak in the Russian spacecraft
▼ + stars: | 2023-01-04 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

NASA has considered SpaceX for a backup plan to return the ISS crew to Earth amid the Soyuz leak. NASA and Russia's space agency Roscosmos were working together to investigate the leak and determine the next steps, per the agency. Footage shared by NASA in December showed the leak, which resembled white particles, spraying out of the Soyuz spacecraft, which is docked to the ISS. Roscosmos said on December 22 that it was considering a "rescue" mission to ferry the crew members back to Earth earlier than expected, Reuters reported. This would involve flying an empty spacecraft to the ISS to pick them up, per the report.

☆ The Ukraine war rages on without a clear end in sight. Here are 6 ways the conflict with Russia could play out
▼ + stars: | 2023-01-02 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +10 min

As Russia's war in Ukraine continues, there does not appear to be a clear end in sight. Russian victoryWhen it began its unprovoked invasion of Ukraine, Russia's goal was to take over the country completely. Rather than taking more territory, Russia's objectives in the current stage of war seem to be to weaken Ukraine's resources, economy, and army. Nuclear war and/or NATO interventionPutin has repeatedly made nuclear threats since he began the invasion of Ukraine and, in September, claimed that it was "not a bluff." One senior official previously said that a Russian nuclear strike could trigger a "physical response" from NATO itself.

☆ Crumbling tech stocks and recession fears have cratered the fortunes of the wealthiest Americans including Elon Musk and Jeff Bezos.
▼ + stars: | 2022-12-29 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Britta Pedersen-Pool/Getty Images; Arif Hudaverdi Yaman/Getty Images; KENZO TRIBOUILLARD/Getty Images; Mike Cohen/Getty Images; Yuqing Liu/Business Insider1. Besides the fallen crypto king, many of these shrinking fortunes can be chalked up to this year's bloodbath in the tech stocks. How has Elon Musk's involvement with Twitter impacted your outlook for Tesla stock? Tesla stock price on December, 29, 2022 Markets Insider10. Tesla stock climbed Wednesday as dip-buyers poured into the EV maker.

A total of 50 rockets fell in the Kherson region, including on military targets. Dimitar Dilkoff / AFP - Getty ImagesThe Kremlin dismissed Ukrainian President Volodymyr Zelenskyy’s 10-point so-called peace plan, saying proposals to end the conflict must take into account what it claims are “today’s realities” of four Ukrainian regions having joined Russia. In September Russia annexed the four regions of Ukraine after the occupied areas held sham votes, which were denounced by Kyiv and the West. We are entering the next year and must retain a common understanding of our national goals,” the statement read. Otherwise, the issue will be decided by the Russian army.”Zelenskyy has said his country will never relinquish land.

☆ Elon Musk, Jeff Bezos, and the 6 other richest Americans have suffered a nearly $400 billion wealth wipeout this year
▼ + stars: | 2022-12-28 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

The eight richest Americans have seen close to $400 billion erased from their fortunes this year. Elon Musk's net worth has shrunk by $140 billion, while Jeff Bezos' wealth has slid by $86 billion. Meanwhile, Amazon founder Jeff Bezos' wealth has fallen by $86 billion, while Alphabet cofounders Larry Page and Sergey Brin have seen their fortunes shrink by a combined $91 billion. The upshot is that the eight richest Americans have seen an estimated $386 billion erased from their combined fortunes. That figure rivals JPMorgan's market capitalization, and comfortably exceeds the market value of Tesla ($345 billion), Nvidia ($352 billion), and all but a handful of America's biggest companies.

☆ Russia's foreign minister issues ultimatum to Ukraine to give up territory or the 'army will deal with the issue'
▼ + stars: | 2022-12-27 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Russian foreign minister Sergey Lavrov told Ukraine to give up territories Russia wants. He said if not, the Russian army would "deal with this issue," according to Russian news agency TASS. TASS reported that the territories Lavrov was referring to were the regions of Donetsk, Luhansk, Zaporizhzhia, and Kherson. Russia occupied the areas of Zaporizhzhia and Kherson early in the war, but Ukraine took Kherson back in November. The foreign minister made the comments after Russian President Vladimir Putin said on Sunday he was open to talks with Ukraine to end the war.

☆ 10 money managers who quietly control the vast fortunes of Jeff Bezos, Sergey Brin, the Waltons, and other big-name billionaires
▼ + stars: | 2022-12-27 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +24 min

Many über-rich people don't outsource their wealth — they hire their own chief investment officers. He left SAC in 2005 for Dune Capital Management, but stayed in touch with Steve during his five-year term at the investment firm. Andrew oversees CPV's portfolio, which primarily comprises direct private investments such as Collectors Universe, a collectibles-authentication company, and the New York Mets. In 2011, Wildcat Capital Management was launched with Potter as president and chief investment officer. Since November 2021, Carland has also served as the interim chief investment officer for Builders Vision's asset arm.

☆ Russia may need to send a rescue mission to the International Space Station for 3 astronauts after a leak in their Soyuz capsule
▼ + stars: | 2022-12-23 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +2 min

Russia's space agency is considering a rescue mission for three International Space Station astronauts. The Soyuz capsule that took them to space has a leak but everyone on the ISS is safe, NASA said. A Russian space agency official said an un-crewed capsule may be sent to bring them back to earth. Joel Montalbano, NASA's ISS program manager, said that an un-crewed Soyuz capsule could be sent up in February, according to The Guardian, cutting their stay short by around a month. According to NASA, the leak was detected on December 14, when two Roscosmos cosmonauts were preparing to go on a spacewalk.

☆ The Year in Pictures 2022
▼ + stars: | 2022-12-19 | by ( The New York Times | ) www.nytimes.com time to read: +57 min

Every year, starting in early fall, photo editors at The New York Times begin sifting through the year’s work in an effort to pick out the most startling, most moving, most memorable pictures. But 2022 undoubtedly belongs to the war in Ukraine, a conflict now settling into a worryingly predictable rhythm. Erin Schaff/The New York Times “When you’re standing on the ground, you can’t visualize the scope of the destruction. Jim Huylebroek for The New York Times Kyiv, Ukraine, Feb. 25. We see the same images over and over, and it’s really hard to make anything different.” Kyiv, Ukraine, Feb 26.

You can get the latest on that and much more from our finance newsletter, 10 Things on Wall Street. It's a snappy weekday read with the biggest stories on the Street, plus the latest on hot-spot restaurants, industry parties, and so much more. On the agenda today:Up first: Senior real-estate correspondent Daniel Geiger is giving us a behind-the-scenes look at the recent turmoil at Compass. With home sales dipping amid rising interest rates, Compass has cut workers and bled cash. In June, it laid off about 450 corporate staff, and in October, it let go of about half its 1,500-person tech team.

☆ Robotic arm to inspect leaky Soyuz spacecraft, Russia says
▼ + stars: | 2022-12-18 | by ( ) www.reuters.com time to read: +1 min

MOSCOW, Dec 18 (Reuters) - A 17-metre-long Canadian-made robotic arm on the International Space Station will inspect a docked Soyuz spacecraft after a leak was noticed just before a spacewalk last week, Russia's state space corporation said on Sunday. After the spacewalk was called off on Dec. 15, Roscosmos said there had been damage to the outer skin of an instrument assembly compartment of the Soyuz MS-22 capsule. Roscosmos said cosmonauts Sergey Prokopyev, Dmitry Petelin and Anna Kikina were enjoying a day of rest on the Space Station and would then watch the final of the World Cup. "The Soyuz MS-22 spacecraft will be inspected with cameras of the SSRMS, the Space Station Remote Manipulator System," Roskosmos said in a statement. Preparations are underway for the launch of the Soyuz MS-23 from Baikonur in Kazakhstan, and Russia's space agency said that launch could be accelerated if needed.

☆ Here's what Citi's global energy expert Ed Morse has to say about oil markets, Russia, and the 'stunning change' that's washed over the American oil market.
▼ + stars: | 2022-12-17 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

Phil Rosen: What will energy markets look like in 2023, and what's your oil price forecast? How has Russia's role in energy markets changed since it invaded Ukraine? So we had companies — even before governments got involved — saying they were not going to import Russian oil and gas. How has the US's role changed in global energy markets this year? EM: Energy markets have been very concerned about it, but their concern is slowing.

Since the early days of the invasion, Mr. Putin has conceded, privately, that the war has not gone as planned. “I think he is sincerely willing” to compromise with Russia, Mr. Putin said of Mr. Zelensky in 2019. To join in Mr. Putin’s war, he has recruited prisoners, trashed the Russian military and competed with it for weapons. To join in Mr. Putin’s war, he has recruited prisoners, trashed the Russian military and competed with it for weapons. “I think this war is Putin’s grave.” Yevgeny Nuzhin, 55, a Russian prisoner of war held by Ukraine, in October.

Page purchased Hans Lollik and its smaller neighboring island, Little Hans Lollik, in 2014 for $23 million. The Hans Lollik Islands in the US Virgin Islands were bought by Larry Page in 2014 cdwheatley/Getty ImagesPage purchased the islands from Liberty Bankers Life Insurance Company using a limited-liability company called Virgin Island Properties LLC. Page's intentions for the Hans Lollik islands are unclear, but the larger island of the two may have personal significance for the Google cofounder. In the deposition, Osborne hinted that Larry proposed to his wife, the research scientist Lucinda Southworth, on Hans Lollik. Page expands to the South PacificIn 2020, Page added another island to his portfolio: the heart-shaped Tavarua island in Fiji's Mamanuca archipelago.

☆ Junior bankers sound off: From how much sleep they get to what kind of company they want to work for next, first-year investment banking analysts spill the beans
▼ + stars: | 2022-12-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Junior bankers hold an interesting position on Wall Street. While these young investment bankers are often the butt of the joke — something something Murray Hill something something Patagonia vests — they also represent a key piece of the dealmaking machine. That's why I always find surveys of junior bankers so fascinating. Emmalyse examined 10 different slides from the poll, which was conducted by recruiting firm Odyssey Search Partners, that show what junior bankers like, and don't like, about their jobs. Click here to learn more about what junior bankers love, and hate, about their jobs.

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