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☆ Disney is ditching Slack after hackers gained access, and some employees aren't happy. Read the CFO's memo.
▼ + stars: | 2024-09-19 | by ( Lucia Moses | Jyoti Mann | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDisney is gearing up to stop using the messaging platform Slack, causing apparent grumblings in some corners of the company. Some of the workers complained about an apparent plan to transition to Microsoft Teams, a Slack rival, according to the screenshots. Read the full memo from Disney's CFOFellow Employees and Cast Members, Collaboration is at the heart of our employee culture. Our technology teams are now managing the transition off Slack by the end of Q1 FY25 for most businesses, with DX and more complex use cases following in Q2 FY25.

Persons: —, Slack, Hugh Johnston, Oliver Darcy, Disney's Slack, Hugh, they'd Organizations: Service, Business, Disney, Wired, Street Journal, Microsoft Teams, Microsoft

Read previewOn Monday, Amazon mandated corporate workers return to the office five days a week beginning January 2nd. AdvertisementHere's a list, in alphabetical order, of major companies requiring employees to return to offices. BlackRockLast year, BlackRock mandated employees return to the office four days a week. MetaMeta updated its remote work policies in September 2023, requiring employees to head into the office three days a week. AdvertisementWalmartAlong with slashing hundreds of jobs, Walmart also asked previously remote employees in the US to move to offices.

Persons: —, Goldman Sachs, Andy Jassy, We've, Jassy, Insider's Ashley Stewart, It's, Apple's, Tim Cook, Rob Goldstein, Caroline Heller, Chipotle, Bob Iger, Iger, signees, David Solomon, Fortune, Fiona Cicconi, Arvind Krishna, Jamie Dimon, Redfin, Glenn Kelman, Salesforce Salesforce, Marc Benioff, Howard Schultz, Schultz, Tesla, Elon Musk, nodded, Musk, X, Yao Yue, Yue, Dara Khosrowshahi Organizations: Service, JPMorgan, Business, Amazon, Apple, BlackRock, Hudson, Bloomberg, Citigroup Citigroup, HSBC Holding Plc, Barclays, Citigroup, Reuters, Disney, The Washington Post, CNBC, Google, San Francisco Bay Area, IBM IBM, IBM, Meta Meta, Frisco, San Francisco Standard, Engineers, Starbucks, Elon, Twitter, National Labor Relations, Walmart, Street Journal Locations: Seattle, New York City, San Francisco Bay, San Francisco, Dallas , Atlanta, Toronto, Arkansas, New Jersey

☆ Amazon's RTO commandment and the office work shibboleth
▼ + stars: | 2024-09-18 | by ( Alistair Barr | ) www.businessinsider.com time to read: +7 min

In those ancient times, tech companies embraced remote work as an unstoppable innovation revolution. Remote work benefitsRemote work supports a more diverse employee base by helping companies hire more easily in different locations. In December, she described a study that found collaborating in person produced more breakthroughs than remote work. The truth is that in-office work is a shibboleth. But Benioff is at least admitting the reality of how employees work in the modern world.

Persons: —, Marc Benioff, they're, Andy Jassy, Insider's Aki Ito, Jassy, Goldman Sachs, David Solomon, Solomon, James Hamilton, he'd, I've, it's Organizations: Service, Amazon, Business, Google, Jassy's AWS, BI, Employees, Hamptons, Bloomberg, Fortune, Starbucks, Staff Locations: Seattle, Hawaii

☆ The best new iOS 18 features that are available now for iPhones
▼ + stars: | 2024-09-17 | by ( Ana Altchek | Jaures Yip | ) www.businessinsider.com time to read: +8 min

With iOS 18, Apple is bringing updates to a wide range of apps and features, including Mail, Photos, iMessage, and Apple Wallet. And while iOS 18 will eventually feature Apple Intelligence features for the iPhone 15 Pro and iPhone 16 lineup, you'll have to wait until October to see those features start rolling out. AdvertisementHere are some of the changes we're most excited about iOS 18. A new home screen designApple iOS 18 lets you customize your home screen wallpaper, app icons, and widgets. Apple Maps is becoming more hiker-friendlyApple Maps will have topographic maps with detailed trail networks and hiking routes with iOS 18.

Persons: —, it's, Ronak Shah, You'll, Craig Federighi, Apple Cash, Apple AirPods, Siri, Apple Organizations: Service, Apple, Apple Intelligence, Business, Tapbacks, Google, OpenAI Locations: Siri

☆ Amazon's five-days-in-the-office mandate could be the start of a wider RTO shift
▼ + stars: | 2024-09-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

A Business Insider reporter found out by enlisting in the city's 'elite squad of anti-rat activists.' What's on deck:This story is available exclusively to Business Insider subscribers. In February 2023, it announced plans to require most office workers to show up in-person three days a week. And in the hyper competitive world of Big Tech, other tech giants might follow suit rather than risk getting bad-mouthed by rivals to their clients. How can insert Big Tech company really serve you best when its people are home half the time?

Persons: —, RTO Nickilford, Maria Ivanova, Getty, Tyler Le, Andy Jassy, Slack, It's, Miranda Jones, Donald Trump, Trump, Fundstrat's Tom Lee, Elon Musk, Joe Biden, Kamala Harris, Apple's, TikTok, Chris Williams, We're, Stephen Nedoroscik, Anna Delvey, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, New York, Business, Amazon, Big Tech, Employees, McKinsey, Trump Media, Vanguard, Anadolu, Getty, Elon, Taiwan Semiconductor Manufacturing Company, Nvidia, Apple, DOJ, Microsoft, Open, It's Locations: New, North America, New York, London

☆ Tech M&A has been thwarted by regulators, but dealmakers skeptical that election will change much
▼ + stars: | 2024-09-17 | by ( Jordan Novet | ) www.cnbc.com time to read: +12 min

Amazon abandoned its $1.7 billion purchase of iRobot in January after the FTC and European regulators raised concerns. Since peaking at $1.5 trillion in 2021, tech transaction volume has plummeted, dropping to $544 billion last year, according to Dealogic. Before the company announced its $27 billion purchase of data analytics software company Splunk last September, he said he viewed the risk as absolutely worth taking. Alphabet's last big deal was its $5.4 billion purchase of cybersecurity company Mandiant in 2022. Microsoft closed its massive $75 billion purchase of Activision in October, but it took 20 months and a protracted fight with U.S. and European regulators.

Persons: Lina Khan, Jonathan Kanter, Khan, Joe Biden, Drew Angerer, Biden, Permira, Thoma, Sen, JD Vance, Donald Trump's, Barry Diller, Reid Hoffman, Kamala Harris, Andrew Luh, Gunderson Dettmer, Figma, Dana Rao, Rao, We've, they've, Juniper, Salesforce, Antonio Neri, Pau Barrena, Neri, Sergio Letelier, hasn't, Letelier, Marc Benioff, It's Benioff's, Slack, Benioff, Derek Idemoto, who's, Idemoto, that's, Splunk, HPE's Letelier, it's, Harris, Trump Organizations: U.S . Federal Trade Commission, Justice, Brookings Institution, U.S, Senate, Getty, Google, Amazon, Microsoft, Federal Trade Commission, iRobot, FTC, BlackRock, Thoma Bravo, KKR, Republican, CNBC, Democratic, Trump, Big Tech, Justice Department, DOJ, Apple, Meta, Adobe, European Commission, UK Competition, Markets Authority, Justice Department's Antitrust, Hewlett Packard Enterprise, Mobile World Congress, MWC, AFP, Juniper, Markets, DOJ's Antitrust, European Union, EU, Software, Cisco, Activision, Foreign Investment, Regulators, Bloomberg, Tech Locations: Washington, Europe, Barcelona, Pau, Salesforce, United States

☆ Amazon's RTO mandate won't pay off in the way the company hopes
▼ + stars: | 2024-09-17 | by ( Madeline Berg | Tim Paradis | ) www.businessinsider.com time to read: +8 min

Read previewSorry, Amazon employees. CEO Andy Jassy announced on Monday that starting next year, Amazon employees must be in the office five days a week. Amazon's announcement comes after 15 months of hybrid work — employees had to be in three times a week. Some employers like Amazon are looking to take back powerIn the pandemic era, the labor market favored office workers. Oftentimes, introverted employees work better outside the office, and some people find that the pressure of in-person work can stifle productivity and deep thinking, Duffy said.

Persons: —, Andy Jassy, Goldman Sachs, Caitlin Duffy, Duffy, Julia Hobsbawm, Hobsbawm, Amazon's Jassy, Jassy, Nicholas Bloom, who's, Bloom, what's, Deborah McGee, McGee, Gen Z, they're Organizations: Service, Business, Slack, Employees, JPMorgan, Gartner, Stanford, Research, Data Technologies, PZI Locations: America

☆ A neuroscientist is more efficient than ever after making 3 simple changes that take advantage of when her brain works best
▼ + stars: | 2024-09-16 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +5 min

Read previewMithu Storoni, a neuroscientist and expert on mental stress, made three "radical" changes to the way she works after writing her latest book on optimizing workflow. Data suggests the brain is better at performing certain tasks at certain times of the day, Storoni said. AdvertisementSchedule tasks around brain rhythmAs much as possible, Storoni now schedules her working day around the type of tasks she needs to do. But provided you have at least some agency over when you do which tasks, this idea could be applied to a typical working day, she said. AdvertisementWhen she's doing focused or creative work, Storoni puts her phone face down on silent, pauses her email notifications, and doesn't read anything.

Persons: —, Storoni, Slack, it's, Daniel de la, I'm Organizations: Service, Business, Creative Locations: Australia, France, Germany, Japan

☆ Amazon employees blast new RTO policy in internal messages: 'Can I negotiate my manager to PIP me?'
▼ + stars: | 2024-09-16 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Read previewSome Amazon employees took to an internal Slack channel to blast the company after it announced plans to require corporate employees to work in the office five days a week. One staffer was so upset they issued a plea to Business Insider, which has covered Amazon's RTO crackdown extensively. Other Amazon workers weighed in, too, on a company Slack channel dedicated to RTO-related topics. Amazon's RTO policy was already strict, but Jassy just doubled down hard on the company's in-office approach. "Can I negotiate my manager to PIP me," one employee wrote in reference to Amazon's famously ruthless performance improvement plan.

Persons: —, Andy Jassy's, Slack, It's, Jassy, Amazon's, Andy Jassy, Jeff Bezos's, Bezos, Ashley Stewart Organizations: Service, Business, Google, Amazon

☆ I regret worrying so much about my GPA in college—it didn't impact my career how I expected
▼ + stars: | 2024-09-10 | by ( Morgan Smith | ) www.cnbc.com time to read: +6 min

As a new school year begins, I reminisce about unwrapping fresh school supplies and reuniting with friends after a summer apart. It's my biggest regret from college: I don't wish I worked harder or studied more — I wish I cared less about my GPA. The sacrifices I made to get near-perfect grades seemed worth it when I graduated from Northwestern with honors in 2019. And if you're planning on getting a postgraduate degree, like going to law or medical school, your GPA will be an integral part of your admission decision. Those, I believe, will do more for your career prospects than a 4.0 ever could.

Persons: I'm, —, Chelsea Jay, Jay Organizations: Northwestern University, Medill, Northwestern, CNBC Locations: Evanston , Illinois, Lake Michigan, Northwestern, New Jersey

☆ A worker won $600,000 after Twitter said his goodbye messages showed he had resigned. The case holds valuable lessons for staff and employers.
▼ + stars: | 2024-09-09 | by ( Polly Thompson | ) www.businessinsider.com time to read: +7 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Recently released documents detailed the commission's decision, revealing new details about Rooney's case and Twitter's human-resources practices under Musk's direction. Three days later, he received a second email from HR saying it was acknowledging his "decision to resign and accept the voluntary separation offer." Slack messages could just as easily be used as evidence in a sexual-harassment case, Camfield added. However, employers need to train employees to understand that company policies extend to Slack and that their information is not private, she said.

Persons: —, Gary Rooney, Elon Musk, Musk, Rooney, Robyn Hopper, Stefanie Camfield, Noah Berger, Camfield, hasn't, wasn't, it's, Hopper, Slack, That's Organizations: Service, Twitter, Elon, Business, Workplace Relations, Society for Human Resource Management, Engage, Slack Employers Locations: Dublin, Ireland

☆ The female 'founder mode' double standard
▼ + stars: | 2024-09-07 | by ( Melia Russell | Ben Bergman | ) www.businessinsider.com time to read: +9 min

From the moment Paul Graham dropped his essay on "founder mode," people online analyzed it like a stone tablet found bearing the new commandment of startupdom. But there's one group that has been privately wrestling with "founder mode" since before it had a meme-able name: female founders. Four female founders told Business Insider that a stark double standard prevents them from operating their startups as their male counterparts do. Bumble founder Whitney Wolfe Herd wrote on Instagram that she was "in founder mode for 10 years and got attacked for it every single day." But unlike female founders, he and Neumann, the WeWork founder, enjoy the luxury of being given second chances by investors.

Persons: Paul Graham, Tobias Lütke, Baron Davis, Jessica Lessin, Tim Cook, Satya Nadella, that's, There's, they'll, Amanda E, J Morrison, Julie Products, Adam Neumann, Sophia Amoruso, it's, Whitney Wolfe Herd, Morrison, We've, they're, Clara Brenner, They're, she's, Julie, Christie Horvath, Wagmo's, Horvath, there's, Anna Barber, Barber, Jenny Fielding, Fielding, Elon, Sara Mauskopf, Slack, Musk, Mauskopf, Neumann, It's, Ty Haney, athleisure —, Haney, Graham's Organizations: Service, Founders, Spotify, Urban Innovation Fund, CVS, M13 Ventures, Ventures, TechCrunch

☆ Leaked messages show early challenges for Amazon's big AI product and concern about losing customers to Microsoft
▼ + stars: | 2024-09-05 | by ( Eugene Kim | ) www.businessinsider.com time to read: +9 min

Amazon Q, a big new AI product, faces issues such as high costs and lack of features. Neighorn told BI that Amazon had clear pricing for Amazon Q and that customers could use the AWS Pricing Calculator to calculate Amazon Q charges. "Amazon Q only launched in April, and we continue to add new features based on customer feedback," Neighorn said. "Amazon Q has a rapidly growing customer base that is using Q for a variety of use cases." AdvertisementFor now, Amazon CEO Andy Jassy may be the biggest salesperson for Amazon Q.

Persons: —, Q, It's, Slack, Q's, AWS's, Microsoft's Copilot, Patrick Neighorn, Neighorn, Matt Garman, Garman, Andy Jassy, Jassy Organizations: Amazon, Service, Web Services, Business, Microsoft, Google, ChatGPT, BI, Microsoft's Exchange, Bayer, Smartsheet, National Australia Bank, AWS, Q, LinkedIn Locations: North

☆ Nvidia has more than just billions of dollars in value to lose if its stock keeps falling
▼ + stars: | 2024-09-05 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Nvidia, the nearly $3 trillion AI chip maker, is well known as a “golden handcuffs” employer. It’s worked especially well for Nvidia, a 30-year-old tech company whose specialized chips now account for 90% of AI-related chip sales. Since 2019, Nvidia’s stock has soared 3,000% — minting millionaires among its rank and file. Things got worse for Nvidia on Tuesday, when shares fell 9.5%, wiping $279 billion off its value. As my colleague David Goldman noted, only 27 companies on Earth are worth as much as Nvidia lost on Tuesday.

Persons: CNN Business ’, It’s, Jensen Huang, Per, David Goldman Organizations: CNN Business, New York CNN, Nvidia, Bloomberg, Santa, Per Bloomberg, Wall, Google, Competition Locations: New York, ”

☆ Salesforce to acquire startup Own for $1.9 billion in cash
▼ + stars: | 2024-09-05 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Marc Benioff, CEO of Salesforce.com, speaks during a keynote at the Dreamforce 2023 conference in San Francisco on Sept. 12, 2023. Salesforce announced Thursday that it would pay $1.9 billion in cash for Own Co., a startup specializing in tools for backing up data in cloud-based applications. The startup, formerly known as OwnBackup, was valued at $3.35 billion in a 2021 funding round. Salesforce Ventures, the cloud software company's venture arm, invested in that round and earlier ones. WATCH: Salesforce CEO Marc Benioff goes one-on-one with Jim Cramer

Persons: Marc Benioff, Salesforce, MuleSoft, Benioff, we've, Jim Cramer Organizations: Salesforce.com, Own Co, Salesforce Ventures, Salesforce, Covid, Microsoft's Dynamics, Informatica Locations: San Francisco, Salesforce, Central

☆ Google searches are becoming a bigger target of cybercriminals with the rise of 'malvertising'
▼ + stars: | 2024-09-05 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +7 min

Lowe's staff members were targeted via a Google ad for an employee portal claiming to be associated with the retailer. It's not a problem with Google, per se; malicious ads can also show up in queries using other search engines like Microsoft's Bing. "You see something appearing on a Google search, you kind of assume it is something valid," said Stuart Madnick, professor of information technology at MIT Sloan School of Management. Also avoid calling a telephone number listed in a sponsored ad because it could be a fake telephone number. Many privacy browsers have embedded ad blockers; consumers may still see sponsored ads, but they will see fewer of them, which minimizes the chances of malvertising.

Persons: Malwarebytes, Jérôme Segura, Erich Kron, Segura, Salesforce, It's, Bing, Stuart Madnick, Madnick, malvertising, isn't, there's, Avinash Collis, Kron, Chris Pierson, Pierson, Collis Organizations: U.S, Corporate, Google, MIT Sloan School of Management, Clearing, Gap.com, Consumers, Carnegie Mellon University's Heinz Locations: malvertising

☆ Job openings fell more than expected in July in another sign of labor market softening
▼ + stars: | 2024-09-04 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Job openings slumped to their lowest level in 3½ years in July, the Labor Department reported Wednesday in another sign of slack in the labor market. "The labor market is no longer cooling down to its pre-pandemic temperature, it's dropped past it," said Nick Bunker, head of economic research at the Indeed Hiring Lab. "Nobody, and certainly not policymakers at the Federal Reserve, should want the labor market to get any cooler at this point." While the job openings level declined, layoffs increased to 1.76 million, up 202,000 from June. "The still low level of layoffs and tick up in hires suggests the labor market is not cracking.

Persons: Dow Jones, it's, Nick Bunker, Krishna Guha, nonfarm Organizations: Labor Department, Labor, Survey, Federal Reserve, Global Policy, Central Bank, Evercore ISI

☆ I took a 50% pay cut to leave my sales job and work on a potato farm. I have no regrets.
▼ + stars: | 2024-09-03 | by ( Erin Liam | ) www.businessinsider.com time to read: +5 min

Read previewThis as-told-to essay is based on a conversation with Tyler Heppell, a fifth-generation farmer from Heppell's Potato Corporation in Canada. As a fourth-generation farmer at a 104-year-old potato farm in British Columbia, my dad thought he had hit the lottery when he had three sons. My plan was to work on my family's farm for a year while I figured out the next steps. I took a pay cut to return to the farmI made almost 200,000 Canadian dollars in sales, or around $150,000, in one year. I'm also in charge of all the truck drivers because the potato fields are about an hour from our farm.

Persons: —, Tyler Heppell, I'm, Heppell, It's Organizations: Service, Heppell's Potato Corporation, Business, Fortune, Statistics Canada, Royal Bank of Canada Locations: Canada, British Columbia

☆ Harry Potter didn't 'save the world' at the end of the series, and the last sentence of the book is proof
▼ + stars: | 2024-08-23 | by ( Indira Martinez | ) www.businessinsider.com time to read: +4 min

Read previewHarry Potter is lauded as the brave and successful hero of his titular fantasy series, but what actually changed after he defeated Voldemort? The real evils plaguing the Wizarding World cut deeper than one powerful villain. And based on Harry's thoughts right after the Battle of Hogwarts, his actions didn't get to the root of the issue. In the Wizarding World, house-elves are imprisoned and forced to do manual labor despite the fact that wizards could easily accomplish those tasks using, you know, magic. Unsurprisingly, 19 years later, wizard supremacy is alive and wellThe "Harry Potter" series ends with a flash-forward to 19 years later.

Persons: —, Harry Potter, Voldemort, didn't, Hallows, Harry, Voldemort didn't, Riddle, Salazar Slytherin, Hogwarts, Voldemort wasn't, Grindelwald, Albus, Ron, nonchalantly, it's, they're, James Potter Organizations: Service, Business, Brethren, Ministry of Magic, Warner Bros, Hogwarts Locations: —, Hogwarts

An Arkansas police officer who was caught on video beating a handcuffed inmate in the back of a patrol car has been fired and his case has been referred to prosecutors, the police chief said. Jonesboro Police Chief Rick Elliott fired Joseph Harris on Friday, a day after he was caught on his patrol car video elbowing and punching the handcuffed man and then slamming the car door on his head after the man choked himself with a seatbelt. He was apprehended by Harris and was being returned to the county jail when the assault occurred, Elliott said. I will gather the facts after the fact.”Coram is being detained at the Craighead County Jail on an escape charge and is wanted for extradition to Mississippi, a jail official said. Harris is a defendant in an ongoing lawsuit filed in June over a man who died in the Craighead County Jail this year.

Persons: Rick Elliott, Joseph Harris, Elliott, Billy Lee Coram, Harris, Coram, hadn’t, Coram “, ”, “, ” Harris, Sonia Hagood, Hagood, Cody Brooks, I’m, Harold Copenhaver, “ I’m, ” Elliott Organizations: Jonesboro Police, YouTube, NAACP Locations: Arkansas, Greene, Craighead, Mississippi

☆ My husband and I met while training for triathlons. Our marriage is stronger for it.
▼ + stars: | 2024-08-08 | by ( Lauren Gumpert | ) www.businessinsider.com time to read: +5 min

In a fitting end to my athletic career, my husband and I got married after competing together on the college triathlon team. As our family continues to grow and change, we maintain a team-oriented approach that strengthens our bond in several ways. We continue to practice and improveSince we're still pretty new to the parenting game, we don't have much training under our belts. But hard things become easier with practice, something that my husband and I understand after years of athletics. Back when we were competing, my husband and I devoted extra time to our mental and physical well-being.

Persons: Thomas, it's, We've, he'll, we'll Organizations: Service Locations: LSU's

☆ Jobs Report Shows the Labor Market Is in Danger, Recession Possible
▼ + stars: | 2024-08-07 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

The jobs report said the US economy added 114,000 jobs in July, far fewer than the 176,000 jobs that economists expected. The weakness of the jobs report tipped the worry scale and sent markets into meltdown mode. Outside the July jobs report, there were plenty of signs the labor market was cooling off. If that seems confusing, here's the only thing you really need to know: The July jobs report triggered the Sahm rule. Nobody should be losing a ton of sleep over the state of the labor market or over the economy overall.

Persons: it's, Guy Berger, doesn't, Skanda Amarnath, there's, what's, Claudia Sahm, we're, Amarnath, Alí Bustamante, Bustamante, would've, it'll, Jay Powell, Berger, Emily Stewart Organizations: Federal Reserve, Glass, Labor, Survey, New Century Advisors, Worker Power, Economic Security, Roosevelt Institute, Fed, Business

☆ A Gen Xer who retired early at 34 returned to work a decade later. He only lasted 4 months.
▼ + stars: | 2024-08-07 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Sam Dogen, 47, retired from his corporate job in 2012 and achieved FIRE status — an acronym for financial independence, retire early — but over a decade later, he returned to the office. Dogen wanted to return to work for extra income as his children got older and to contribute more to the Silicon Valley startup scene. He got a job as the head of content at a startup, where he wrote articles and newsletters. But within a few weeks, he already knew the job wasn't working out. He decided to leave his position and go back to being a stay-at-home dad — essentially retiring early for a second time.

Persons: Sam Dogen, Little, Dogen, Slack, —, you've, renegotiating, microaggressions, would've, he'd, I've Organizations: Service Locations: San Francisco

☆ Where BlackRock's Rick Rieder sees income opportunity amid the market volatility
▼ + stars: | 2024-08-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

As investors search for income amid the market volatility, high-yield bonds are an attractive place to be, according to BlackRock's Rick Rieder. Meanwhile, credit spreads in corporate and high-yield bonds — which have been tight — are widening . Bonds rated BB+ and lower by Standard & Poor's and Fitch, as well as those rated Ba1 by Moody's, are considered high yield. Rieder also manages the BlackRock Flexible Income ETF , which has about 20% of its portfolio in high-yield credit, its second-largest sector holding. BINC YTD mountain BlackRock High Yield ETF year to date He has been reducing some exposure to investment grade bonds.

Persons: BlackRock's Rick Rieder, Stocks, Bonds, Fitch, Rieder Organizations: Dow Jones, Treasury, Poor's, Moody's, SEC, Federal Locations: BlackRock

☆ Combat brain fatigue with these tips from experts
▼ + stars: | 2024-08-05 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

“Even though people enjoy the rewards associated with mental tasks, these same people also do not enjoy the mental effort that’s involved. Your brain has no nerve endings, so a pain in the brain is not like having a pain in the neck. But the mental effort it takes to think hard can be so upsetting that some people will choose physical pain instead. However, 28% of the participants still chose physical pain over mental strain, even when the pain was most intense. “Concentrating also means it’s impossible to do other things because the brain really can’t multitask.

Persons: ”, Erik Bijleveld, ” Bijleveld, that’s, “, Vadym, Bijleveld, Michel Notre, doesn’t, It’s, it’s, Kira Schabram, ” Schabram, don’t, Amy Arnsten, Albert E, Kent, Arnsten, Schabram Organizations: CNN, Behavioural Science, Radboud University, Psychological, Amateur, Michel Notre Dame, Research, Foster School of Business, University of Washington, Yale School of Medicine Locations: Nijmegen , Netherlands, Paris

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