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☆ Premarket stocks: The banking meltdown may have done the Fed's work for it
▼ + stars: | 2023-03-22 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

But in a strange twist, it’s possible that the banking meltdown actually did some work for the Fed in bringing down prices without raising interest rates. That could have the equivalent effect of the Fed hiking rates by half a point, said Goldman Sachs economists on Tuesday. Bank stocks rebound as Janet Yellen, Jamie Dimon work to restore confidenceThe collapse of Silicon Valley Bank and Signature Bank rippled through markets last week. The Treasury secretary reiterated that the federal government would be willing to rescue uninsured depositors at small banks if lenders suffer bank runs, raising the specter of contagion. The SPDR Regional Banking Equity Traded Fund, which tracks a number of small and mid-sized bank stocks, gained 5.8% for the day.

☆ Emerging venture fund managers had few banking options to begin with. After Silicon Valley Bank's collapse, where do they turn now?
▼ + stars: | 2023-03-22 | by ( Melia Russell | Vishal Persaud | ) www.businessinsider.com time to read: +10 min

Silicon Valley Bank had long banked a class of startup investors known as emerging managers. He was able to quickly switch from Silicon Valley Bank with an email to his contact at AngelList. Novak is part of a contingent of investors who are shifting their banking strategy in the fallout of Silicon Valley Bank's failure. After Silicon Valley Bank's demise, the big banks have gotten more selective, the three investors said. The big banks like JPMorgan set account minimums for its private banking group, locking out emerging fund managers.

☆ Home prices just broke a decade-long streak
▼ + stars: | 2023-03-21 | by ( Anna Bahney | ) edition.cnn.com time to read: +6 min

The steep decline in sales activity is driven by the large increase of mortgage rates over the past year. Mortgage rates remain volatile — in February, rates rose half of percentage point — but prices in some areas are cooling, according to NAR. “Conscious of changing mortgage rates, home buyers are taking advantage of any rate declines,” said Lawrence Yun, NAR’s chief economist. The huge jump in sales was surprising, said Yun, showing just how sensitive homebuyers are to slight reductions in mortgage rates. This has pushed rates lower over the past week.

☆ Mark Zuckerberg says Meta employees who work in person 'get more done'
▼ + stars: | 2023-03-15 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Meta CEO Mark Zuckerberg has declared that 2023 is the company's "year of efficiency," and according to a release, that includes "refining" Meta's distributed work model. As part of the announcement, Zuckerberg said that an internal analysis of employee performance data suggests that engineers who work in person "get more done." He said Meta remains committed to distributed work, but he encouraged employees to find more opportunities to work with one another in person. The company carried its flexible-work policies into 2021 when it announced that workers at all levels of the company could request to work remotely full-time. Meta is still promoting remote roles in 2023, and many employees have the option to work in person.

☆ Chinese companies and tycoons rush to calm investors after SVB collapse causes anxiety
▼ + stars: | 2023-03-13 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —The collapse of Silicon Valley Bank (SVB), which courted Chinese start-ups, has caused widespread concern in China, where a string of founders and companies rushed to appease investors by saying their exposure was insignificant or nonexistent. “As China’s first technology bank, SPD Silicon Valley Bank is committed to serving Chinese science and technology companies, and has always had sound operations in accordance with Chinese laws and regulations.”It’s unclear what will happen to SVB’s ownership of the joint venture. BeiGene, one of China’s largest cancer-focused drug companies, said Monday it had more than $175 million uninsured cash deposits at SVB, which represents approximately 3.9% of its cash, cash equivalents and short-term investments. Zai Lab, a pharmaceutical firm, announced that its cash deposits at SVB were “immaterial” at about $23 million. “We never opened an account with Silicon Valley Bank, nor placed a deposit,” he said late Sunday on his Weibo account.

☆ How Silicon Valley Bank's collapse ripped through global tech
▼ + stars: | 2023-03-13 | by ( Martin Coulter | ) www.reuters.com time to read: +5 min

March 14 (Reuters) - Not long after California startups started pulling money out of troubled Silicon Valley Bank, entrepreneurs in other parts of the world woke up to the news. While the global effects of Silicon Valley Bank's collapse are just emerging, one thing is clear: tech startups, no matter how far apart, are intertwined. FOUNDERS WARYQuincy Lee, founder of Seattle-based EV charging startup Electra Era, tried to move millions of dollars from Silicon Valley Bank on Thursday afternoon as warning signs multiplied. European stocks fell on banking industry concerns, though, and even startups that did not bank with SVB were scrambling. CHINESE STARTUPS MOVING MONEYSVB's Shanghai-based joint venture, SPD Silicon Valley Bank (SSVB), said it had a sound corporate structure and an independent balance sheet.

Alliant Credit Union Personal Loan Amounts and Interest RatesAlliant Credit Union offers personal loans from $1,000 to $50,000, with an APR range that starts at 10.49%. How Alliant Credit Union Personal Loans WorkAlliant Credit Union offers unsecured personal loans to qualified borrowers. Alliant Credit Union TrustworthinessThe Better Business Bureau has rated Alliant Credit Union an A+. Yes, Alliant Credit Union is a legitimate credit union federally insured by the National Credit Union Administration. Rates are capped by the National Credit Union Administration at 18%, so if you have poorer credit, you might get a better rate with a credit union than another lender.

☆ Meta and Twitter decided to restore Trump’s account. Will other platforms follow suit?
▼ + stars: | 2023-01-26 | by ( Clare Duffy | ) edition.cnn.com time to read: +6 min

The decisions by Twitter and now Facebook-parent Meta to bring back Trump could push — or at least provide cover for — a number of other platforms to make similar moves. Facebook and Twitter restricted Trump’s accounts in the aftermath of the January 6 attack. Many other platforms followed suit by banning or restricting Trump, including YouTube, Snapchat and game streaming platform Twitch. On Wednesday, Snapchat parent Snap indicated that it is not planning to revisit its decision to ban Trump’s account two years ago. “In January 2021, Donald Trump’s Snapchat account was terminated for violating our Terms of Service and Community Guidelines,” a Snap spokesperson said in a statement to CNN.

☆ More Companies Are Hiring CMOs With Performance-Marketing Backgrounds
▼ + stars: | 2023-01-17 | by ( Patrick Coffee | Destination Xl Ceo Harvey Kanter | ) www.wsj.com time to read: +6 min

Companies looking to hire CMOs and other top-level marketing executives amid an economic downturn are increasingly favoring candidates with deep experience in so-called performance-marketing. Performance-marketing campaigns push consumers to take a specific action, such as clicking a link or providing an email address, while brand marketing aims to increase awareness of a company and shape perceptions of that business. The trend will create a challenging job market for senior executives whose careers have centered on more traditional, brand-based marketing. “If we are awesome at performance marketing and don’t understand what it means to engage a consumer—in reality that means brand-level marketing as well—we will lose,” Mr. Kanter said. PREVIEWIndustry leaders frequently debate whether brand and performance marketing should be separate disciplines run by different people.

☆ Sim Wong Hoo, Creator of Sound Blaster, Inspired Asian Tech Innovators
▼ + stars: | 2023-01-15 | by ( Feliz Solomon | ) www.wsj.com time to read: 1 min

In the late 1990s, before Singapore was known as a global center of digital innovation, Sim Wong Hoo had a theory about what was holding his country back. Mr. Sim, who went on to become the city-state’s first tech billionaire, called it the “No U-Turn Syndrome,” or NUTS. In the U.S., he said, cars could turn around anywhere unless a sign told them not to. But in Singapore, drivers wouldn’t dare if it wasn’t expressly allowed. The “no rule, no do” mentality kept Singaporeans from thinking outside the box, he said.

☆ Mark Cuban: ‘People thought I was an idiot’ for launching the company I sold for billions
▼ + stars: | 2023-01-15 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Take Broadcast.com, the pioneering audiov streaming company that made Mark Cuban a billionaire. In 1995, Cuban was living off of the roughly $2 million in proceeds from the sale of his first tech company, MicroSolutions. But it was great timing for Cuban, who sold most of his stock before the market crashed. "[It's] the origin story of streaming," Cuban told CBS. I'll just turn on the radio,'" Cuban said on a 2021 episode of the "Starting Greatness" podcast.

Most personal loan lenders give you up to five years to repay the balance. CNBC Select rounded up six of the best personal loan lenders that offer longer loan terms. Not all personal loan lenders allow co-applicants but SoFi does — especially for those who are DACA recipients. A long-term personal loan is simply a personal loan that offers a longer amount of time to repay the loan balance. Common personal loan definitions you should knowHere are some common personal loan terms you need to know before applying.

The debate comes less than two months after Twitter restored Trump’s account, but Meta’s intention to reevaluate the decision predates Twitter’s reversal. “I can’t think of what that rigorous standard would be that would make this policy be applied fairly, not just to former President Trump, but to any politician.”Is Trump bound to Truth Social? A phone screen displays the Truth Social app in Washington, DC, on February 21, 2022. Trump now has his own rival social media platform, Truth Social, which he launched in February. Despite his desire for a bigger megaphone and aides encouraging him to rejoin Twitter, Trump has said he is committed to Truth Social.

☆ Coinbase and Amazon are slashing thousands of workers, as a wave of layoffs continues into 2023. Here's the full list of major US companies making cuts.
▼ + stars: | 2023-01-10 | by ( Bethany Biron | Samantha Delouya | ) www.businessinsider.com time to read: +1 min

Coinbase and Amazon are the latest to be hit by a wave of layoffs at big US tech companies. The companies are cutting thousands of employees in total. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Coinbase is the latest tech giant to lay off hundreds of workers. According to data cited by the Journal from Layoffs.fyi, a site that's been tracking layoffs since the start of the pandemic, tech companies slashed more than 150,000 in 2022 alone — compared to 80,000 in 2020 and 15,000 in 2021.

☆ The man behind Trump World’s myth of rigged voting machines
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +32 min

He publicly announced his purchase of Montgomery’s data in August at a gathering in Missouri of hundreds of his followers. “I own it,” Lindell said of Montgomery’s data, touting it as irrefutable proof Trump was cheated. On Nov. 9, far-right podcaster Joe Oltmann linked Montgomery’s Hammer and Scorecard claims to a parallel conspiracy theory: that widely used voting machines manufactured by Dominion Voting Systems were rigged to flip votes from Trump to Biden. Powell amended her complaint a few days later and dropped the expert’s declaration and the references to Montgomery’s claims. But the government said in a recent court filing that the order has nothing to do with election data.

☆ Marc Benioff tells Salesforce workers that new employees are 'facing lower productivity'
▼ + stars: | 2022-12-16 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

Salesforce co-CEO Marc Benioff told employees in a Slack message on Friday that the company's newest hires aren't being productive enough, and he asked for feedback as to why that's the case. Last year, Salesforce acquired communications app Slack, and Benioff said people can work very effectively from their homes. On Friday he highlighted an issue that he said was affecting employees who joined Salesforce this year and last. Here's the full text of Benioff's Slack post:How do we increase the productivity of our employees at salesforce? New employees (hired during the pandemic in 2021 & 2022) are especially facing much lower productivity.

☆ CNH Industrial's CEO sees lack of growth in China's construction market
▼ + stars: | 2022-12-08 | by ( Bianca Flowers | ) www.reuters.com time to read: +2 min

Dec 8 (Reuters) - Farming and construction manufacturer CNH Industrial's (CNHI.MI) decision to permanently halt construction sales in China was due to declining market share and competition from local companies, the company's CEO said on Thursday. Mounting debt from Chinese property developers has been the catalyst for falling housing prices in the region and an overall real estate downturn that translated to a slump in construction sales for CNH Industrial and its rival Caterpillar (CAT.N). The company said on Dec. 1 it would stop selling its construction equipment in China effective Dec. 31. CNH Industrial, like other agriculture equipment makers, is expanding offerings of electric-powered tractors and precision agriculture products that the company displayed at its first technology day in Phoenix, Arizona. Agriculture sales accounted for 80% of third-quarter revenue and the machinery maker is forecasting $900 million in net sales of precision technology for fiscal year 2022.

☆ Mauna Loa Eruption Threatens a Famous Climate Record
▼ + stars: | 2022-12-02 | by ( Elena Shao | ) www.nytimes.com time to read: +9 min

420 410 400 The Keeling Curve 390 Measurements of carbon dioxide concentrations in the atmosphere from the Mauna Loa Observatory, in parts per million CO2. In the meantime, officials are contemplating flying in a generator via helicopter to the Mauna Loa observatory, which is operated by the National Oceanic and Atmospheric Administration. ISLAND OF HAWAI‘I Mauna Loa Observatory Lava flow Eruption began at Moku‘āweoweo caldera Mauna Loa Honolulu Hawai‘i Hawaiian Islands Area of detail Honolulu Hawai‘i Hawaiian Islands Area of detail ISLAND OF HAWAI‘I Mauna Loa Observatory Lava flow Eruption began at Moku‘āweoweo caldera Mauna Loa Source: Copernicus Notes: Image captured by satellite on Nov. 28, 2022. But none hold quite the same symbolism as Mauna Loa, which is home to the first and most frequently cited data. Even now, when scientists want to test new carbon dioxide monitoring equipment, “they go to Mauna Loa,” Dr. Sweeney said.

☆ The CEO of massage startup Squeeze is borrowing Drybar's playbook to build a self-sufficient franchise model. Here's what it looks like.
▼ + stars: | 2022-11-11 | by ( Alli Hoff Kosik | ) www.businessinsider.com time to read: +8 min

Brittany Driscoll is Drybar's former VP of marketing and the current CEO of Squeeze massage studios. When Webb and Landau asked Driscoll to become CEO, Squeeze was born, with Webb still on board as an advisor. Here's how the Squeeze team is doing it. "These are long-lasting partnerships, and we want to make sure we're finding the very best fit for both Squeeze and the franchisees," Driscoll said. It's all seamless and built in so that the operating partner and their team can focus on creating a great experience."

The bottom line: Municipal Credit Union is an excellent lender with great rates for borrowers who qualify and a range of term lengths. Municipal Credit Union has both low minimum and maximum rates on its loans, perfect for borrowers with a variety of credit scores. How Municipal Credit Union personal loans compareHow Municipal Credit Union compares Municipal Credit Union Personal LoanNavy Federal Credit Union Personal LoanFirst Tech Personal Loan Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. However, First Tech Federal Credit Union and Municipal Credit Union have similar minimums. See our ratings methodology for personal loans »Frequently asked questionsIs Municipal Credit Union trustworthy?

☆ Mark Cuban credits his first tech job to this interview strategy: I answered a trick question honestly
▼ + stars: | 2022-10-11 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Then, he landed his first job in tech as a PC software salesperson at a company called Your Business Software. But in an old blog post, which Cuban recently shared on Twitter, the billionaire revealed he almost didn't land the consequential role. The interviewers weren't impressed, Cuban wrote, until he answered one question: "What do you do if a customer has a question about a software package and you don't know the answer?" "Ding ding ding… [the interviewer] just loved the answer." Cuban didn't know it was a trick question, so he answered it honestly, stumbling into the correct answer.

☆ Cakmak: Cloud-first tech companies have the most indestructible growth curves
▼ + stars: | 2022-09-26 | 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 EmailCakmak: Cloud-first tech companies have the most indestructible growth curvesJames Cakmak, Partner and Portfolio Manager at Clockwise Capital, joins Worldwide Exchange to discuss the recent tech wreck.

☆ The résumé and portfolio that got me a job at Tesla as an engineer
▼ + stars: | 2022-06-07 | by ( Jenna Gyimesi | ) www.businessinsider.com time to read: +5 min

Tamer Shaheen is a Serve Robotics mechanical-design engineer and a former Tesla engineer. I know my portfolio helped me get both jobs. My résumé helped me stand out and put my best skills forward. It's a great conversation starter and makes you memorable to someone going through résumé after résumé. Here's the link to my Canva template for my résumé and portfolio.

Persons: Tamer Shaheen, I've, Shaheen, I'm, Tamer Shaheen I've, It's Organizations: Tesla, Apple, LinkedIn, YouTube, General Motors Locations: résumé

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