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☆ Amazon wants its delivery companies to repair more of their broken vans — causing some couriers to panic
▼ + stars: | 2023-06-15 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +6 min

Amazon's delivery service partners will soon need 95% of their vans ready for service at all times. Some Amazon delivery companies are panicking over a new rule that would force them to keep fewer vans in need of repair. One DSP owner called the change a "giant nightmare" for small businesses already struggling with costs. An Amazon spokesperson told Insider the company is working with Rivian to provide repair options. Amazon told Insider the changes are intended to improve safety for delivery associates and maximize future revenue for DSPs.

Persons: it's, Rivian, Jimmy Wilson, Wilson, That's Organizations: Amazon, Partners, DSPs, Vehicles, West Coast, Coast DSP, DSP Locations: Coast

We used a professional device called a sound level meter to record the decibel levels of common sounds and environments. According to the World Health Organization, average road traffic noise above 53 dB or average aircraft noise exposure above about 45 dB are associated with adverse health effects. This chart shows how many people in the United States may be exposed to various outdoor noise levels, on average. Scientists believe that pronounced fluctuations in noise levels like this might compound the effects on the body. Nighttime noise shows similar inequities.

Persons: D’Lo, Jackhammers clack, San Diego —, Reagan, George Jackson, Mendenhall, Carolyn Fletcher, Ron Allen Organizations: Bankers, San Diego, thunders, Massachusetts General Hospital, World Health Organization, Department of Transportation, Queens, High Tech Middle School, San Diego International Airport, dBs, Noise, Environmental Protection Agency, Occupational Safety, Health, European Union Locations: San, Bankers Hill, San Diego, Greenpoint , Brooklyn, Brooklyn, D’Lo, Miss, Mississippi, New York City, California, New Jersey, Massachusetts, United States, U.S, Point Loma, Swiss, Paris, Berlin, Switzerland

The number of unemployed people jumped by 440,000, the most since November 2010. Reuters Graphics Reuters GraphicsYet the rise in Black unemployment in particular is something critics of Fed policy have been concerned could be a leading-edge sign that the job market was turning sour. Fast initial job losses among Black workers are a feature of U.S. downturns and recessions. Reuters GraphicsDespite the outsized job gains, the details of the report may suggest a labor market "normalizing" after the disruptions of the pandemic. "The fact is that the labor market is still very tight, aided by shortfalls in some service sectors, as well as by historic demographic trends" like population aging, Rieder said.

Persons: Biden, Nick Bunker, Rick Rieder, Rieder, Howard Schneider, Paul Simao Organizations: U.S, Reuters Graphics Reuters, Bureau of Labor Statistics, Reuters, BlackRock, Thomson

☆ Amazon wants its delivery companies to repair more of their broken vans — and some of the couriers are panicking
▼ + stars: | 2023-06-01 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

Amazon's delivery service partners will soon need 95% of their vans ready for service at all times. Some Amazon delivery companies are panicking over a new rule that would force them to keep fewer vans in need of repair. One DSP owner called the change a "giant nightmare" for small businesses already struggling with costs. Amazon delivery companies worry about an aging fleetAmazon's new rule would require a delivery company with a fleet of 50 vans to keep no more than two vans out of service at a time. "The big issue is that most of Amazon's fleet is aging rapidly," said another West Coast DSP owner.

Persons: it's, Jimmy Wilson, Wilson, That's Organizations: Partners, DSPs, Vehicles, West Coast, Coast DSP, Amazon, DSP Locations: Coast

☆ Elon Musk's quest for an irresistible price could spell trouble for Tesla and its stock
▼ + stars: | 2023-05-21 | by ( Brian Evans | ) www.cnbc.com time to read: +11 min

Its goal has been to coax consumers to make the leap to its brand with the lower prices. Finding an 'irresistible' price Tesla's price cuts are an effort to take advantage of that growing market. "We have written extensively on the drag EVs have on margins for legacy [original equipment manufacturers] and the impact of EV price deflation. She added that the price cuts are an effort for Tesla to retain market dominance and stave off competition from big competitors like Ford. Longer term, Tesla's price fluctuations could do more harm than good if they end up turning consumers off.

☆ Her son said his stepdad was sexually abusive. A judge gave the stepdad custody anyway. Then she found the photographs.
▼ + stars: | 2023-05-18 | by ( Olivia Gentile | ) www.businessinsider.com time to read: +58 min

Robert confronted Winenger with the allegations that November, and within weeks Winenger denied the claims in family court. In a family court hearing in Vista, California, on October 28, 2021, Commissioner Patti Ratekin chastised Jill Montes for allegedly alienating her kids from her ex-husband. From a list provided by the Delaware Family Court, Kelly chose a psychologist, William Northey. Their father cited the report in asking a Delaware family court judge to order the boys to change schools. Family Court of the State of Delaware, New Castle CountyCiting the email and a subsequent report, Michael pressed Ostroski to order the transfer.

Persons: he'd, Robert, stepdad, Thomas Winenger, Winenger, Robert's, Jill Montes, Montes, Patti Ratekin, she'd, Ratekin, Richard Gardner, Gardner, Lynn Steinberg, she's, Maya, shrieks, Joan Meier, They'd, —, Meier, Tom Brenner, Paige, Maggie Shannon, Claire, Eden, Weeks, Hester Prynne, Mitra Sarkhosh, Sarkhosh, San Diego Robert, Tom Winenger, Tamatha Clemens, Miguel Alvarez, Alvarez, overreact, Alvarez didn't, Bridges, Janell Ostroski, Linda Gottlieb, Ostroski, Michael D, Ashton, Alfield Reeves, Michael, Kelly D, Kelly, who've, Randy Rand, Chris, Rand, he's, Rand isn't, Jane Shatz of, Joann Murphey, Murphey, Steinberg, Ally Toyos, Kit R, Toyos, Emily, Richard Warshak, Elizabeth Loftus, Harvey Weinstein's, Loftus, Hannah Rodriguez, Linda Gottlieb's, Gottlieb, Rodriguez, Yvonne Parnell, Brian Ludmer, Ludmer, Parnell, aren't, Daniel Barrozo, Mom, Jean Mercer, Mercer, who'd, Michael Saini, Saini, Hannah Yoon, — Ashton, Judge Ostroski, William Northey, Northey, O, Addie Asay, mistreating Ashton, Rachel Brandenburg, Brandenburg, I've, Michael's, Gardner's, Gardner dosed, Dr, Paul Fink, Fink, Warshak, William Bernet, Patrick Clancy, doesn't, She'd, Brian Fitzpatrick, Sen, Susan Rubio, Meier's, Rebecca Connolly, didn't, Connolly, Heidi Simonson, Rubio, Theresa Manzella Organizations: Investigations, San, Business, Child Welfare, of, American Psychiatric Association, World Health Organization, American Professional Society, George Washington University, Violence Law, George Washington University Law School, Columbia University, PAS, Sarkhosh, San Diego County Sheriff's Department, California Health, Welfare Agency, Psychology, Bridges, Texas, Roane, Stockton University, University of Toronto, Families, Delaware Family Court, Family, Delaware Family, Association of Family, Conciliation, Newsday, University of Texas Southwestern Medical Center, HarperCollins, Family Bridges, Vanderbilt University, Disorders, The Justice Department, WHO, of Social Welfare, Family Law, Winenger, Montes, Superior Locations: San Diego County, Vista , California, of California, Family Bridges, United States, Santa Cruz , California, Sacramento, Los Angeles, San Diego, toddlerhood, Ratekin, San, California, Eden, New Castle County , Delaware, New York, Ashton, Delaware, Jane Shatz of California, Seattle, Southern California, Texas, Kansas, Toyos, Bozeman , Montana, Family, Tampa , Florida, New, Hudson Valley, Chino , California, Wilmington , Delaware, of Delaware, New Castle County, Denver, Washington, Pennsylvania, Susan Rubio of Los Angeles County, statehouses, Watsonville , California, Santa Cruz, Michigan , Kansas, Utah, Colorado, Montana

☆ Chicago Fed President Goolsbee says recent reports show inflation is moving in the right direction
▼ + stars: | 2023-04-14 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

The latest batch of economic data shows positive developments on the inflation front, but the Federal Reserve's job is not over yet, Chicago Federal Reserve President Austan Goolsbee said. Goolsbee, who succeeded Charles Evans in the president role earlier this year, is a member of the Federal Open Market Committee, which sets the federal funds rate. The data showed a 1% decline in March, which is a larger fall than the 0.5% expected by economists polled by Dow Jones. The data this week has bolstered hopes of those predicting the Fed could change course on its interest rate hike campaign. "The one thing that I think we're spending too much time looking at is wage growth as an indicator of prices," Goolsbee said.

☆ U.S. says it is monitoring China's drills around Taiwan closely
▼ + stars: | 2023-04-08 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, April 9 (Reuters) - The United States is monitoring China's drills around Taiwan closely and is "comfortable and confident" it has sufficient resources and capabilities regionally to ensure peace and stability, the de facto U.S. embassy in Taiwan said on Sunday. China, which claims democratically governed Taiwan as its own territory, began three days of military exercises around the island on Saturday, the day after Taiwan President Tsai Ing-wen returned from the United States. "We are monitoring Beijing's actions closely," said a spokesperson for the American Institute in Taiwan, which serves as the United States' de facto embassy in the absence of formal diplomatic ties. U.S. channels of communication with China remain open and the United States has consistently urged restraint and no change to the status quo, the spokesperson said. China says Taiwan is the most important and sensitive issue in its relations with the United States, and the topic is a frequent source of Sino-U.S. tensions.

LOS ANGELES, April 5 (Reuters) - Taiwanese President Tsai Ing-wen is set to meet U.S. House Speaker Kevin McCarthy on Wednesday in the first such meeting on U.S. soil, a plan that has drawn threats of retaliation from China, which claims self-ruled Taiwan as its own. It will be the highest-level meeting with a Taiwanese president on U.S. soil since Washington switched diplomatic recognition from Taipei to Beijing in 1979. A meeting in California is seen as a potentially less provocative alternative to McCarthy visiting Taiwan, something he has said he hopes to do. Washington called on China not to overreact, portraying Tsai's stopovers as routine and a normal part of its unofficial relationship with Taiwan. White House spokesperson Karine Jean-Pierre told a regular news briefing on Tuesday Tsai's transit was "private" and "unofficial."

LOS ANGELES, April 4 (Reuters) - China, Taiwan, and the United States all share a common interest in ensuring this week's California stopover by Taiwan's president gets the focus each thinks it deserves, but without setting off a new crisis. It is sure to elicit a forceful reaction from Beijing, which considers Taiwan part of its territory. McCarthy, as House speaker, is third in line to the U.S. leadership and he has said publicly that he does not rule out a future visit to Taiwan. Xu Xueyuan, charge d'affaires at China's Washington embassy, said last week that McCarthy meeting Tsai "could lead to another serious confrontation in the China-U.S. With an eye the Taiwan election, China invited former Taiwanese President Ma Ying-jeou of the KMT party for a visit coinciding with Tsai's U.S. stopovers.

☆ China warns US House Speaker not to meet Taiwan president
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Leah Millis/File PhotoBEIJING, April 4 (Reuters) - China warned U.S. House Speaker Kevin McCarthy on Tuesday not to "repeat disastrous past mistakes" and meet Taiwan President Tsai Ing-wen, saying it would not help regional peace and stability, but only unite the Chinese people behind a common enemy. China, which claims Taiwan as its own territory, staged war games around the island last August after then-Speaker Nancy Pelosi, a Democrat, visited the capital, Taipei. The U.S. says such stopovers are common practice and there is no need for China to overreact. In a statement on Tuesday, Taiwan's foreign ministry said China had no right to complain, as the People's Republic of China has never ruled the island. "Even if the authoritarian government continues with its expansion and intensifies coercion, Taiwan will not back down."

☆ No reason for China to overreact to transit by Taiwan's president, senior US officials say
▼ + stars: | 2023-03-29 | by ( David Brunnstrom | ) www.reuters.com time to read: +4 min

WASHINGTON, March 29 (Reuters) - The United States sees no reason for China to overreact to planned transits of the United States this week and next month by Taiwan's president, senior U.S. officials said, calling them consistent with long-standing practice and the U.S. one-China policy that recognizes Beijing diplomatically, not Taipei. However, the United States government is required by U.S. law to provide the island with the means to defend itself. The U.S. official said Washington continued to exchange views with China on a broad range of issues through multiple diplomatic channels. "We urge the PRC (People's Republic of China) to keep open channels of communication," a second senior official said, also speaking on condition of anonymity. Reporting by David Brunnstrom; Edited by Michael Martina, Don Durfee and Michael PerryOur Standards: The Thomson Reuters Trust Principles.

☆ Markets did not overreact to Bank of Japan chief Kuroda's final meeting, analyst says
▼ + stars: | 2023-03-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets did not overreact to Bank of Japan chief Kuroda's final meeting, analyst saysJeff Ng of MUFG Bank says markets were "slightly disappointed," and the dollar-yen was still below the 137 level.

☆ Everyone's freaking out about SVB because everyone else is freaking out about SVB
▼ + stars: | 2023-03-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

But the real star — or perhaps supernova — of Thursday was SVB Financial, which saw shares drop as much as 62%. As you can imagine, the past year has not been kind to SVB. SVB had to sell a $21 billion bond portfolio for a $1.8 billion loss (thanks a lot, interest rates!). It wasn't long before reports started rolling in about VCs instructing their founders to get their money out. Here's more on the tech founders trying to calm everyone down amid the chaos.

☆ French environment minister urges restrictions to avoid water crisis
▼ + stars: | 2023-03-06 | by ( America Hernandez | ) www.reuters.com time to read: +2 min

REUTERS/Eric GaillardPARIS, March 6 (Reuters) - France's 100 departmental prefects should not hesitate to enact quick decrees restricting local water use given alarmingly low groundwater levels, French Environment Minister Christophe Béchu said on Monday. The announcement came after Béchu met virtually with prefects to get a view of the country's overall water situation as the country experiences its driest winter since 1959. Low water levels last summer impacted hydroelectric production and forced reduced power output at France's nuclear plants, which use river water to cool reactors. In several parts of France there was also an interruption of drinking water, which Béchu said he was keen to avoid this year. A national water resource management plan, initially expected in January, is now slated to be published before the end of March, the ministry said.

☆ 66% of working parents suffer from burnout—here's how to manage that 'spillover,' says Stanford sociologist
▼ + stars: | 2023-03-03 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

For busy working parents, it's next to impossible to avoid bringing the stresses of work home at the end of the day. "That's a daily battle that every working parent experiences," Cooper tells CNBC Make It. Roughly 66% of working parents in the U.S. suffer from parental burnout, according to a 2022 Ohio State University study, and stress that carries over between home and work is a major contributor. There's this dynamic movement back and forth," Cooper says, adding that family issues can leave you distracted at work, too. Either way, the stress and anxiety behind work-family spillover can negatively affect both your career and your family.

☆ The chief investment strategist at a $540 billion firm explains why the stock market may have already bottomed for the year — and why he sees opportunity in the market's most beaten-down names
▼ + stars: | 2023-03-01 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

Wes Crill believes the stock market may have already bottomed, according to historical precedence. In the long term, he's bullish on value stocks once again taking the reigns as market leaders. "In fact, the average return for value stocks was a little bit higher in periods where the overall stock market was positive." Across Wall Street, Crill's not the only one with a longer-term overweight towards value stocks. Instead, he says investors should stick to what history dictates works best: value stocks over a long time horizon.

☆ Fed's Kashkari says he's sticking to 5.4% rate hike view after 'surprising' jobs report
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +1 min

"I think it surprised all of us," Kashkari said in an interview with broadcaster CNBC, referring to a blowout January jobs report in which more than half a million employment gains were reported by the U.S. government. "Nobody should overreact to one report...but the underlying strength of the services sector of the economy is still very robust. And that's where I think a lot of us are focusing our attention... right now I'm still at around 5.4%. If I had to pick a number today, that would be where I was." Reporting by Lindsay Dunsmuir; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

Body camera video shows punches on ground, Nichols saying 'mom' Portions of body camera video released in the death of Tyre Nichols shows him being punched several times while he is on the ground. The call was made in advance of the expected public release of video in the death of Tyre Nichols, who died after a violent encounter with Memphis police officers on Jan. 7. Share this -Link copiedMemphis fire officials receive video showing Tyre Nichols' beating, will conclude investigation next week The Memphis Fire Department said it received full access to video footage showing the fatal beating of Tyre Nichols earlier Friday. The five Memphis officers involved in the traffic stop were fired and have since been arrested on numerous charges including murder. "I will ask everyone to heed the words of Tyre Nichols' mother," Hochul said.

"I will ask everyone to heed the words of Tyre Nichols' mother," Hochul said. Share this -Link copiedLawyers applaud kidnapping charges and say Nichols was 'terrorized' Attorney Antonio Romanucci said terrorism was part of the kidnapping charges against the five Memphis police officers charged in Tyre Nichols’ death. Attorney Ben Crump said Nichols’ told the officers, “I just want to home home.” “It's a traffic stop for God’s sake. Attorney Ben Crump said Nichols’ last words in the body camera footage of his arrest were three cries for his mother. This week, Memphis Police Chief Cerelyn “C.J.” Davis announced a review of all the police department’s specialized units, including Scorpion, in response to Nichols’ death.

☆ Teachers are adapting to concerns about a powerful new AI tool
▼ + stars: | 2023-01-19 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +9 min

Some teachers said they’ve also heard of students being required to film short videos that elaborate on their thought process. Public schools in New York City and Seattle, meanwhile, have already banned students and teachers from using ChatGPT on the district’s networks and devices. Reid, the professor at Coastal Carolina University, believes teachers should work with ChatGPT and teach best practices in the classroom. Reid said teachers could encourage students to plug an assignment question into the tool and have them compare that result to what they personally wrote. “Like with other new technologies, this could be a tool instructors use to help students express their ideas,” she said.

☆ Mortgage rates start 2023 twice as high as they were a year ago
▼ + stars: | 2023-01-05 | by ( Anna Bahney | ) edition.cnn.com time to read: +5 min

Washington, DC CNN —Mortgage rates inched up again last week, after a slight increase the week before interrupted six straight weeks of falling rates. But mortgage rates dropped in November and December, following data that showed inflation may have finally reached its peak. “Mortgage application activity sunk to a quarter-century low this week as high mortgage rates continue to weaken the housing market,” said Sam Khater, Freddie Mac’s chief economist. “While mortgage market activity has significantly shrunk over the last year, inflationary pressures are easing and should lead to lower mortgage rates in 2023.”The average mortgage rate is based on mortgage applications that Freddie Mac receives from thousands of lenders across the country. Although mortgage rates did increase slightly in recent weeks, the association expects them to fall to around 5.2 percent by the end of 2023.

☆ Bob Pisani: Think you're a rational investor? These biases make it harder to reach your financial goals
▼ + stars: | 2022-12-21 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

They found that the fear of an emotional loss was more than twice as powerful as an emotional gain. Many of those biases are now a common part of our understanding of how humans interact with the stock market. These biases can be broken down into two groups: cognitive errors due to faulty reasoning, and emotional biases that come from feelings. Loss aversion is an example of an emotional bias. See if you recognize yourself in any of these emotional biases.

☆ More Foreclosures, Easier Mortgages Would Help Fix America's Housing Market
▼ + stars: | 2022-12-03 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

These standards are based on factors including the borrower's financial stability and the state of the housing market and economy. Finding the right size for the credit box is much easier said than done. A tidal wave of foreclosures followed, plunging the US housing market — and the global economy — into chaos. Even just stabilizing the credit box over time could also help smooth out some of the boom-and-bust cycles that have come to define the housing market. "If we do not address this intrinsic cyclicality, the housing market will continue to experience boom-bust cycles, leaving destruction in their wake," the paper said.

Here's how you can get a grip on your personal finances before and during a recession. We do weird things in times of recession, like comfort-eating meatloaf and ice cream, according to food trend experts. We're also more prone to panicking and making mistakes with our money, personal finance experts and economists told Insider. "A recession sort of reveals problems that people may have, and not necessarily pay attention to much in the good times," he said. In good times, with interest rates low, your viewpoint can be obscured by the ease of getting credit, he said.

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