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☆ IT Leaders Reassess Vendor Risks After Silicon Valley Bank Collapse
▼ + stars: | 2023-03-15 | by ( Isabelle Bousquette | ) www.wsj.com time to read: 1 min

Corporate information technology leaders say they are reassessing vendor relationships and putting greater emphasis on risk management as they navigate the aftermath of the Silicon Valley Bank collapse. “You can be proactive all you want, but the response to a crisis, the response to a disruption no one saw coming, is just as important,” said Sineesh Keshav , chief technology officer and chief information officer at logistics real-estate company Prologis Inc. He and other executives spoke Tuesday at The Wall Street Journal’s CIO Network Summit in Palo Alto, Calif.

MERIDA, Mexico, March 15 (Reuters) - Mexico's banking system is robust and strong, and has not been affected by last week's sudden collapse of Silicon Valley Bank in the United States, the president of the Mexican banking association (ABM) told Reuters on Wednesday. Fears of contagion sparked a sharp drop in the shares of Mexico's main banks since the collapse, but ABM chief Daniel Becker attributed the price moves to perception and not reality. After the failure on Friday of Silicon Valley Bank and on Saturday of Signature Bank, the U.S. Federal Reserve created an emergency program to guarantee deposits and try to stem further financial contagion. The Mexican banking system has a "solid" position and entities maintain liquidity levels that "comfortably exceed" the regulatory minimums, based on the Mexican central bank's latest financial stability report. Reporting by Valentine Hilaire and Noe Torres; Editing by Anthony Esposito and Jane MerrimanOur Standards: The Thomson Reuters Trust Principles.

REUTERS/Bing GuanMarch 14 (Reuters) - U.S. President Joe Biden will announce an executive order on Tuesday that reinforces background checks for gun buyers in what the White House is promoting as the most comprehensive policy the president can enact without Congress. In a country with more than 40,000 gun deaths per year, Biden is betting that voters will embrace more proactive gun control. The Biden administration is pointing to public opinion polls that show a majority of Americans support background checks. A Reuters/Ipsos poll last year found 84% of respondents supported background checks for all firearms sales and 70% backed red flag laws. Some gun rights advocates oppose background checks, saying they infringe on constitutional rights to possess arms while failing to stop criminals from getting them.

☆ Facebook-parent Meta plans to lay off another 10,000 employees
▼ + stars: | 2023-03-14 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +3 min

CNN —Facebook-parent Meta plans to lay off another 10,000 workers, marking the second round of significant job cuts announced by the tech giant in four months. With 11,000 job cuts announced in November and the 10,000 announced Tuesday, that would bring Meta’s headcount down to around 66,000. In the first months of this year, Amazon, Google-parent Alphabet and Microsoft have all confirmed major job cuts impacting tens of thousands of tech workers. When the first round of job cuts was announced in November, Zuckerberg blamed himself at the time for the company’s over-hiring earlier in the pandemic. On that call, Zuckerberg also suggested that more job cuts could be coming.

☆ I hid my pregnancy from clients and coworkers for 8 months. I don't regret it.
▼ + stars: | 2023-03-13 | by ( Jen Glantz | ) www.businessinsider.com time to read: +8 min

She decided to hide her pregnancy so she wouldn't risk losing clients or business. Jen GlantzWhich is why I decided, from day one of being pregnant, that I'd still work when the baby came. Jen GlantzWhen I asked if I should also hide my pregnancy from clients and people approaching me with opportunities, she said it's one the best things she ever did. After this happened, I decided to revert back to my original plan and not tell anyone else about my pregnancy. I don't regret hiding my pregnancy for eight months, but I do wonder if being honest at the start would've cost me business or not.

When my husband died, I had to figure out my financial future, which meant finding a financial advisor. I was able to find a great financial advisor by thinking about my specific goals and needs. Having an independent financial advisor isn't cheap, but it's been well worth the cost to me. Here's the checklist I used to settle on my fantastic financial planner. The New School of Finance, founded by certified financial planner and chartered investment manager Shannon Lee Simmons, is where I landed.

☆ US railroad group warns carriers to stop using cars with loose wheels
▼ + stars: | 2023-03-10 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, March 9 (Reuters) - A group representing major U.S. railroads on Thursday warned carriers to stop using rail cars with loose wheels until those wheel sets can be replaced. The Association of American Railroads (AAR) said Norfolk Southern (NSC.N) had identified loose wheels on a series of cars that present an increased risk of an out of gage derailment. The National Transportation Safety Board (NTSB) said it was looking at the role of the loose wheels in recent derailments and praised the industry action. Norfolk Southern had 517 railcars in use with the wheels at issue, she added. Norfolk Southern did not immediately respond to a request for comment.

The way you're saving and investing money should change as you get close to retirement. Here's what I think you should be doing with your money right now if retirement is on your horizon. Even if you're getting close to retirement, don't panic — it's never too late to make a plan. Increase your savingsIf you're nearing retirement and haven't been able to save enough already, it's a smart move to start increasing your retirement savings contributions now. But there's no one-size-fits-all retirement savings strategy.

☆ Capitalizing on market crashes is key to retiring on time. Many millennials are still looking for their first chance.
▼ + stars: | 2023-03-09 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

Stock market declines can create bargain-buying opportunities for investors looking to generate long-term wealth. Many millennials are looking for their first chance to participate, having lacked adequate savings during prior market downturns. That's because a falling stock market creates discounts and a chance to buy high-upside assets on the dip. The 28-year-old is among the TikTok financial influencers telling their young audiences not to miss out on the next stock market slump. Some have argued that overvalued markets, slowing population growth, and rising interest rates could weigh down US stock market returns for at least the next decade.

☆ Scientists revived a 'zombie' virus frozen for 48,500 years in ice. They learned it could still infect other cells.
▼ + stars: | 2023-03-09 | by ( Chris Panella | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

Scientists revived a 48,500-year-old 'zombie' virus from permafrost and found it was still infectious. Some scientists are concerned that climate change thawing permafrost could reawaken ancient viruses. A carcass of an Ice Age cave bear found on Great Lyakhovsky Island, in northern Russia, unearthed by thawing permafrost. How 'zombie' viruses could infect hosts once they emergeThis isn't the first time Claverie has revived ancient viruses, or "zombie viruses" as he calls them. The current research on frozen viruses like Claverie's 'zombie' virus is helping scientists understand more about how these ancient viruses function and whether, or not, they could potentially infect animals or humans.

☆ From dual enrollment to course sharing, these 4 moves can help you save big on college costs
▼ + stars: | 2023-03-08 | by ( Jessica Dickler | ) www.cnbc.com time to read: +5 min

Take college courses in high schoolDual enrollment is a state-run program that allows students to take college-level classes, often through a local community college, while they are still in high school. As many as 3 in 10 community college students are in dual enrollment programs, according to the American Association of Community Colleges. Unlike Advanced Placement, the program in which high school students take courses and exams that could earn them college credit, dual enrollment credits are more likely to transfer. Over four years, early college programs cost about $3,800 more per student than traditional high school, according to one study. Try course sharingIf you are already enrolled in a four-year school, tapping community college courses can still be a worthwhile way to cut costs, a strategy known as course sharing.

I've set aside a specific fund for splurges so I can get myself nice things without going overboard. Since stockpiling puts a dent in my immediate budget, I'll follow it up with no-spend months to stay on track. As someone who likes to stick to a strict budget, I've found gift cards to be helpful tools in achieving this goal. Editor's Rating 4.36/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.34/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 3.9/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On Public's website Learn more On Wealthfront's website Learn more On Acorns' website5. By allowing myself a judgment-free splurge from money set aside for that purpose, I can stay on budget while still enjoying the fruits of my labor.

☆ In economics, women's voices still struggle to be heard
▼ + stars: | 2023-03-08 | by ( Maria Martinez | ) www.reuters.com time to read: +5 min

There seems to be a lot to celebrate on International Women's Day in the field of economics. Women head the International Monetary Fund, the World Trade Organization, the U.S. Treasury and the European Central Bank. "The pervasive underrepresentation of women in economics is systemic and structural," Ngozi Okonjo-Iweala, the first woman to head the World Trade Organization, told Reuters. "There are no women in the textbooks and most big names in economics are men," said Sandra Kretschmer, economics researcher and member of the Women in Economics Initiative. Women and men tend to have different research interests, said Alisa Weinberger, economics researcher at Goethe.

☆ Here's what makes cybersecurity giant Palo Alto Networks tick and why we like the stock so much
▼ + stars: | 2023-03-06 | by ( Zev Fima | ) www.cnbc.com time to read: +22 min

Palo Alto Networks (PANW) last month had its best single trading day in about a year, exactly one week after the next-generation cybersecurity company became our newest Investing Club holding. Why Palo Alto Networks? PANW YTD mountain Palo Alto Networks (PANW) 1-year performance Palo Alto Networks is a great way to play a secular growth industry. Taking all of these segments together, Palo Alto Networks is a company capable of delivering on every aspect of cybersecurity under one roof. Palo Alto Networks' ESG practices, meanwhile, are overseen by the ESG and Nominating Committee, which provides counsel to the board in these matters.

☆ Exclusive: As 2024 election approaches, White House jumps into states' abortion battles
▼ + stars: | 2023-03-06 | by ( Nandita Bose | ) www.reuters.com time to read: +7 min

The previously unreported, behind-the-scenes effort has caught the attention of state lawmakers for the level of support offered by the administration. In some cases, the White House is leaning on key lawmakers in states with important abortion-related legislative fights this session. North Carolina is a special focus where the White House thinks it has the opportunity to fend off restrictions, one of the White House officials said. Republicans have largely shrugged off White House efforts at beating back efforts to limit abortion rights. The White House sees three different approaches to defend abortions rights and has broken down states into what they call either "battleground," "extremist" or "proactive" states, White House officials and advisors say.

☆ Family Dollar is making its shelves even taller so that it can fit hundreds more products in its 'chaotic' stores
▼ + stars: | 2023-03-05 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Family Dollar's stores are going to get even fuller as the chain makes its shelves taller. Family Dollar's stores are often cluttered. Family Dollar stores are already bursting full of merchandise. Dreiling, who took over as CEO in January, emphasized his desire to clean up Family Dollar and Dollar Tree's stores during the call. Dreiling discussed some plans to change the layout of Family Dollar's stores, including adding more cooler doors for frozen and refrigerated items.

Tax-loss harvesting can save you a significant amount on your taxes, but it requires careful planning. I decided to take action to make the best of a bad situation by pursuing tax-loss harvesting. My taxable income in 2022 was much higher than in years' past, and I was definitely looking for ways to reduce my overall tax burden. I found tax-loss harvesting to be a great strategy for offsetting my capital gains taxes. With careful planning and research, I made the most of my investments and reduced my overall tax burden.

☆ Exclusive: Snapchat kicks few children off app in Britain, data given to regulator shows
▼ + stars: | 2023-03-03 | by ( Martin Coulter | ) www.reuters.com time to read: +5 min

These restrictions are intended to protect the privacy and safety of young children. The regulator also found Snapchat was the most popular app for underage social media users. RISKS TO YOUNG CHILDRENSocial media poses serious risks to young children, child safety advocates say. Richard Collard, associate head of child safety online at the NSPCC, said it was "incredibly alarming" how few underage users Snapchat appeared to be removing. Britain, like the European Union and other countries, has been seeking ways to protect social media users, in particular children, from harmful content without damaging free speech.

☆ US Justice Dept warns of steeper penalties for firms that fall foul of messaging policies
▼ + stars: | 2023-03-03 | by ( Chris Prentice | ) www.reuters.com time to read: +3 min

MIAMI, March 3 (Reuters) - Companies may face steeper penalties for misconduct if they lack policies around employees' use of personal cell phones and messaging apps, a top U.S. Justice Department official said on Friday. The agency will evaluate how companies have crafted policies around the use of such platforms and how they have directed employees on those policies. Use of such platforms, including ephemeral messaging apps, can complicate government investigations into wrongdoing if companies do not retain the records. That is an issue that prosecutors will address as they investigate wrongdoing, Polite told Reuters in an interview. "They will be required to report back to us on an annual basis about both the design and implementation of those policies," Polite said.

☆ US Justice Dept to take on corporate policies for personal devices, messaging apps
▼ + stars: | 2023-03-03 | by ( Chris Prentice | ) www.reuters.com time to read: +1 min

MIAMI, March 3 (Reuters) - A top U.S. Justice Department official on Friday will announce details of the agency's plans to scrutinize companies' policies around employee use of personal devices and messaging apps when investigating potential misconduct. Those probes have led to hefty penalties for firms including JPMorgan Chase & Co , Barclays (BARC.L), Bank of America (BAC.N) and Morgan Stanley (MS.N). The agency has more recently opened similar probes into other firms including BlackRock Inc. Polite will also discuss details of a new Justice Department policy aimed at getting companies to tie compensation and bonuses to compliance. He and other officials have been rolling out a series of new policies aimed at tackling corporate crime and encouraging companies to be more proactive in reporting misconduct to the government.

☆ A big landlord who controls 60,000 homes is funneling money into a political action group that could urge lawmakers to curb renter protections
▼ + stars: | 2023-03-02 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +5 min

Corporate owners of US rental homes are being scrutinized for making homes unaffordable. The landlords that control thousands of homes are girding for a political fight over regulation. As tenant advocates met with the White House and pushed the Biden administration to take action on high housing costs in November, one of America's largest single-family landlords was preparing its own move. AMH, formerly known as American Homes 4 Rent, did not respond to an Insider request for comment. Companies like AMH, Pretium Partners, and Invitation Homes have been building large portfolios of homes across the country since the last financial crisis.

☆ I made $1.7 million in revenue on Fiverr in under 2 years. Freelancers can thrive in a dicey economy — here's what's worked for me.
▼ + stars: | 2023-03-01 | by ( Georgia Austin | ) www.businessinsider.com time to read: +7 min

Austin made $20,000 a month by herself on Fiverr before hiring freelancers to help meet the demand. I started freelancing on Fiverr right before the pandemic hit and made $1.7 million in revenue over the following 17 months. Freelancers who see increasingly sophisticated AI content as an opportunity, not a threat, will come out on top this year. We're still unsure whether Google will rank or penalize AI content — something that will ultimately define its success. But, as with any quickly developing industry shift, freelancers must stay agile and informed to react, adapt, and take advantage of the unfolding changes.

☆ Op-ed: Offshoring crypto hurts the financial system and America’s geopolitical standing, says Coinbase CEO Brian Armstrong
▼ + stars: | 2023-03-01 | by ( Brian Armstrong | Coinbase Ceo | ) www.cnbc.com time to read: +5 min

The traditional financial system has served us well for centuries, but it's beginning to show its age. While you might be able to bank online, the way in which the traditional financial system operates behind the scenes has largely gone unchanged for at least 40 years. Nearly seven in 10 Americans believe that the financial system needs major changes or a complete overhaul, according to the most recent research from Morning Consult. It's not a replacement of the traditional financial system, it's an update. While the consumer benefits that crypto could bring to the financial system are myriad, it's also important to recognize the geopolitical benefits.

WASHINGTON — The U.S. House Foreign Affairs Committee plans to take up legislation Tuesday that would give President Joe Biden the authority to ban TikTok, the Chinese social media app used by more than 100 million Americans. 1153 will effectively leap frog several other proposals to ban TikTok that were previously introduced in the House and Senate, but haven't yet advanced through the committee process. My bill empowers the administration to ban TikTok or any software applications that threaten U.S. national security," McCaul said in a statement Monday. "It would be unfortunate if the House Foreign Affairs Committee were to censor millions of Americans," TikTok spokeswoman Brooke Oberwetter told CNBC in an email Monday. At the time, ByteDance was looking to potentially spin off TikTok to keep the app from being shut down.

First-generation Black wealth builders might not have been exposed to the value of financial advice. This may result in first-generation Black wealth builders making financial mistakes and not being as proactive with their finances. Many first-generation Black wealth builders tend to sit on a lot of cash and have a fear of the stock market because of their upbringing. Pressure to support others before securing your own financial futureOften, first-generation Black wealth builders find themselves trying to balance financially supporting others while building wealth and progressing in their careers. As a first-generation Black wealth builder, family members may expect you to support them financially.

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