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☆ Read part of the memo Lyft's cofounders sent to employees as the company begins laying off nearly 700 staffers
▼ + stars: | 2022-11-04 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +5 min

"Still, Lyft has to become leaner, which requires us to part with incredible team members." To help provide initial context, we want to share how we made this decision, how we're supporting departing team members, and what to expect over the coming days. Support for departing team membersWe understand the real impact this decision has on departing team members. Team members with 4+ years with Lyft will receive an additional four weeks of pay. Moving forwardOur priority today is taking care of departing team members, who for many of us are also friends.

☆ IMF projects Mexico's economy will slow in the near term
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, Nov 4 (Reuters) - The International Monetary Fund (IMF) on Friday forecast Mexico's economy will grow 2.1% in 2022 and 1.2% in 2023, saying "economic growth is expected to slow in the near term reflecting weaker U.S. growth and tighter global financial conditions." The fund also said it welcomed the "proactive approach" from Mexico's central bank, known as Banxico, in tackling inflation with interest rate hikes. Further rate hikes may be needed "for some time" due to uncertainty around inflation in 2023, the IMF said. They also noted that fostering more private participation in the energy sector would help boost competitiveness and investment, the IMF said. read morePresident Andres Manuel Lopez Obrador is looking to expand output from Mexico's fossil fuel-dependent state energy companies, including the heavily indebted Petroleos Mexicanos(PEMX.UL).

Almost all the funds, some $7.8 billion, flowed between Binance and Iran's largest crypto exchange, Nobitex, according to a review of data from leading U.S. blockchain researcher Chainalysis. The scale of Binance's Iranian crypto flows – and the fact that they are continuing – has not been previously reported. The total volume of Iranian transactions flowing through Binance is far greater than through any other exchange, the data show. The vast majority of the $8 billion in Iranian crypto transactions identified by Reuters involved the main Binance exchange. This October, the Treasury fined Seattle-based crypto exchange Bittrex $24 million for violating sanctions on Iran and other countries by processing crypto transactions worth over $260 million.

☆ FBI says New Jersey synagogues are no longer in danger after agents found the source of a threat that forced houses of worship to step up security
▼ + stars: | 2022-11-04 | by ( Jake Epstein | ) www.businessinsider.com time to read: +3 min

The FBI said on Friday that New Jersey synagogues are no longer in immediate danger. This update comes after the agency warned of a "broad threat" against the houses of worship. "We identified the source of the threat who no longer poses a danger to the community." Phil Murphy said on social media that he was grateful to the FBI and other law enforcement agencies "for their tireless efforts in mitigating the immediate threat to our Jewish synagogues." Thursday's threat against the New Jersey synagogues comes amid rising antisemitism in the US.

The FBI in New Jersey said Thursday it is investigating a “credible” and “broad threat” to synagogues in the state, and the governor said law enforcement are working to protect houses of worship. Officials with the Newark FBI announced the threat in a statement and told the public to stay alert. “The FBI has received credible information of a broad threat to synagogues in NJ. Phil Murphy said in a statement his office has been in contact with the state attorney general’s office, the New Jersey Office of Homeland Security and Preparedness and the FBI. “We are closely monitoring the situation and are working with local law enforcement to ensure that all houses of worship are protected,” Murphy said.

☆ SEC Accountant Warns of Heightened Fraud Risk Amid Recession Fears, Market Selloff
▼ + stars: | 2022-11-03 | by ( Jean Eaglesham | ) www.wsj.com time to read: 1 min

The SEC is concerned that auditors too often fail to respond adequately to red flags that point to possible financial chicanery. Wall Street’s top watchdog is warning that the market selloff and fears of a recession could encourage more companies to cook their books, and it is pressuring auditors to catch them. “The current economic environment is subject to significant uncertainties and, historically, that oftentimes leads to heightened fraud risk,” Paul Munter , acting chief accountant at the Securities and Exchange Commission, said in an interview. “So we are trying to be proactive and speak to the marketplace.”

☆ Lyft to lay off 683 employees in cost-cutting push
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +1 min

Nov 3 (Reuters) - Lyft Inc (LYFT.O) said on Thursday it would lay off 13% of its workforce, or about 683 employees, in the ride-hailing firm's latest cost-cutting step to cope with a weakening economy. As decades-high inflation hits consumer spending and drives up costs for businesses, companies across sectors are cutting jobs and downsizing their operations to preserve profits. Lyft's latest move is expected to result in a charge of between $27 million and $32 million in the fourth quarter. The company, which is slated to report third-quarter results on Monday, said the layoffs would not have an impact on its previously issued forecast for the period. Reporting by Nivedita Balu and Akash Sriram in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ The chicken sandwich isn’t enough for Popeyes anymore
▼ + stars: | 2022-11-03 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New York CNN Business —When Popeyes launched its crispy chicken sandwich in 2019, the menu item sold out in just two weeks. When it came back, it was a massive hit — the sandwich was so popular it helped lift sales for the chicken chain. Popeyes has sold nuggets and fish sandwiches modeled on the item to try to build off its success. But excitement around the chicken sandwich has faded. There are about 2,860 Popeyes locations in the US, and nearly 3,930 globally.

Lyft said Thursday it's cutting 13% of its workforce, impacting all teams. Workers who had been there for more than four years will get an extra four weeks pay, they added. Support for departing team members We understand the real impact this decision has on departing team members. Lyft will offer support to departing team members: · 10 weeks of pay. Moving forward Our priority today is taking care of departing team members, who for many of us are also friends.

☆ I'm the assistant to a CEO of a multimillion-dollar tech company. Here are 3 lessons the job's taught me about money and happiness.
▼ + stars: | 2022-10-31 | by ( Layne Van Vranken | ) www.businessinsider.com time to read: +5 min

Iulia Nandrea is an executive assistant to Rana el Kaliouby, the deputy CEO of Smart Eye. While at university, I bartended and worked as a sales representative for a liquor company to get myself through school. Rana el Kaliouby, left, and Rosalind Picard, her Affectiva cofounder. The interview process with el Kaliouby was more like a conversation between old friends than anything else. While working for el Kaliouby, Affectiva, and Smart Eye, I've learned some key lessons about money, success, and happiness — here are the ones that stand out.

☆ Onsemi's Q3 earnings beat comes with mixed guidance
▼ + stars: | 2022-10-31 | 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 EmailOnsemi's Q3 earnings beat comes with mixed guidanceHassane El-Khoury, Onsemi CEO, joins 'TechCheck' to discuss the company's Q3 earnings, proactive strategies for managing inventory down, potential recession effects on markets and growth in the EV and industrial space.

☆ New York Magazine cut digital ads on abortion-related content so readers wouldn't be tracked — showing the challenges publishers face post-Roe v. Wade
▼ + stars: | 2022-10-31 | by ( Elizabeth Pham Janowski | ) www.businessinsider.com time to read: +4 min

Vox Media, which owns the magazine, pulled ads from the digital versions of the articles to protect readers from being tracked. Walton told Insider that Vox Media made the decision because the priority was to "provide a utility and service" to their audience. Vox Media declined to comment on the financial loss from pulling ads and removing the paywall. Shah said that in his view, Vox Media took all reasonable measures to mitigate reader privacy risks by pulling digital ads. Shah agreed that these ad products minimize opportunities for readers' data to leak out to third parties.

☆ Henry Cavill exits ‘The Witcher’ as Liam Hemsworth takes over lead role
▼ + stars: | 2022-10-30 | by ( Dan Heching | ) edition.cnn.com time to read: +3 min

CNN —Henry Cavill is putting down his blades and moving on from “The Witcher” after three seasons as the leading man on the Netflix series. “As with the greatest of literary characters, I pass the torch with reverence for the time spent embodying Geralt and enthusiasm to see Liam’s take on this most fascinating and nuanced of men,” Cavill wrote. “The Witcher,” which premiered on Netflix in 2019, is based on the fantasy book series by Andrzej Sapkowski and created for television by Lauren Schmidt. “It was something I wasn’t going to let pass me by without giving it my best shot,” Cavill said at Comic Con. They said, ‘They’re not ready.’”But now, Cavill is surely focused on reprising another iconic previous role on his resume.

☆ Lawmakers urge tech CEOs to do more to help Iranian protesters circumvent internet censorship
▼ + stars: | 2022-10-28 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

A bipartisan group of 13 lawmakers urged several U.S. tech CEOs to do more to help Iranian people stay connected to the internet as their government seeks to censor communications amid ongoing protests. The lawmakers said these types of tools would help Iranian citizens stay connected to the internet in secure ways amid government-imposed shutdowns and reduce their reliance on domestic infrastructure. The availability of multiple secure communications tools would make it harder for the Iranian regime to shut down all of them at once, they wrote. A Google spokesperson said in a statement the company is working on ways to "ensure continued access to generally available communications tools like Google Meet and our other Internet services." The Facebook-owner had made Instagram and WhatsApp available in Iran, but the services have been restricted by the government.

☆ I quit my full-time tech job at Instagram to become a creator and voice actor. Here's what I've learned.
▼ + stars: | 2022-10-28 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +7 min

Earlier this month, she quit her job to pursue a full-time career as a creator and voice actor. This as-told-to essay is based on a conversation with Joy Ofodu, a comedic content creator and voice actor with 113,000 Instagram followers and 103,000 TikTok followers. I used hashtags and trending music, some of those in-house "best practices," but nothing that wasn't available on the @Creators Instagram page. But I could not, for example, take part in a paid Instagram creator program, or a paid TikTok, YouTube, or Snapchat program. A post shared by Joy Ofodu (@joyofodu)At the time of quitting, I had active partnerships, a primary focus, and voiceover gigs.

☆ New York Magazine axed digital ads on abortion-related content so readers wouldn't be tracked — and it shows the new challenges publishers face post-Roe v. Wade.
▼ + stars: | 2022-10-28 | by ( Elizabeth Pham Janowski | ) www.businessinsider.com time to read: +4 min

☆ JPMorgan M&A co-head urges potential buyers to be proactive, sees more health deals
▼ + stars: | 2022-10-26 | by ( Abigail Summerville | ) www.reuters.com time to read: +1 min

NEW YORK, Oct 26 (Reuters) - Companies that are considering acquisitions should use a slowdown in deals to scope out potential targets, Anu Aiyengar, global co-head of mergers and acquisitions at JPMorgan Chase & Co , said Wednesday. Still, companies should build relationships with potential targets so they can be ready to strike when conditions improve, she said. She also expects a greater share of deals in healthcare after an abundance of technology transactions in recent years. The closing deadline is on Friday and JPMorgan and Goldman Sachs (GS.N) are Twitter's financial advisers. Reporting by Abigail Summerville in New York; editing by Lananh Nguyen and Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

☆ Democratic Rep. who signed withdrawn letter on Ukraine said nobody told them it was getting released: CNN
▼ + stars: | 2022-10-26 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

A controversial letter went out without those who signed it knowing, per a Rep. who spoke to CNN. 30 progressive Democrats signed a letter urging diplomacy with Russia over its invasion of Ukraine. Unnamed aides to other members of Congress told CNN the same thing. In withdrawing the letter, Jayapal said it "was drafted several months ago, but unfortunately was released by staff without vetting." The anonymous member who said that Jayapal's office did not check back with signatories before the letter's release told CNN that the "timing is terrible."

☆ Battery-recycling startup Ascend Elements just pulled in $800 million in funding. Here's why investors are betting on it to beat out rivals like Redwood Materials.
▼ + stars: | 2022-10-26 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

Ascend Elements wants to lead in the crucial EV-battery-recycling space. The burgeoning battery-recycling startup Ascend Elements is sitting on a fresh $800 million — and its CEO plans to spend it on beating out rivals like Redwood Materials. Redwood Materials, arguably the most-known player in the industry, saw a whopping $700 million Series C last year. Correction: October 26, 2022 — An earlier version of this story misstated the breakdown of Ascend Element's funding. The $50 million strategic investment from SK is part of the $200 million in equity funding, not in addition to it.

☆ Oil volatility could get more intense as Europe's December deadline approaches
▼ + stars: | 2022-10-26 | by ( Patti Domm | In | ) www.cnbc.com time to read: +9 min

Singh notes there could be a significant drop in Russian oil in coming months as European restrictions on imports of oil and refined products, like diesel, take hold. Barclays expects about 1 million barrels of Russian oil to come off the market, but Singh said his estimate is low compared with others. He noted that China and India have increased their purchases of Russian oil, but so have other countries, like Turkey. We also believed the government in the U.S. was going to put a floor under oil prices by refilling the SPR," said Blanch. There's going to be a very large spread between European energy prices and U.S. energy prices."

☆ Wall Street analysts see short-term pressure for Alphabet following earnings miss
▼ + stars: | 2022-10-26 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +4 min

Revenue also came in short at $69.09 billion where Wall Street analysts anticipated $70.58 billion. Those weaker-than-expected results were driven by a slowdown in ad spending and a slip in revenue at YouTube, areas where analysts expected growth. Citi analyst Ronald Josey cut his price target on the company to $120 from $140 to reflect slower revenue growth and margin pressures. A leaner Alphabet Alphabet announced that it would slow hiring in the coming quarter in a move to increase efficiency. "We believe advertising, content and product sales are converging, and GOOGL appears to be ahead of this trend, which is promising."

☆ House progressives press Biden to engage in direct talks with Russia on Ukraine
▼ + stars: | 2022-10-25 | by ( Summer Concepcion | Summer Concepcion Is A Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +5 min

A group of progressive House Democrats asked President Joe Biden in a letter Monday to directly engage with Russia in an effort to end the conflict in Ukraine. The push by progressives, which asks the president to take a more aggressive strategy on the Ukraine war, swiftly prompted pushback from fellow Democrats and some Ukrainians. The lawmakers urge the president to pair the military and financial support the United States has provided to Ukraine with a “proactive diplomatic push” that involves direct talks with Russia. It comes as Republicans threaten to cut aid to Ukraine if they retake control of the House in the midterm elections next month. “We’d all like to see this war end today, and quite frankly it could end today if Putin did the right thing and pulled his troops out.”

☆ Pelosi reaffirms US support for Ukraine 'until victory is won' after progressive lawmakers push for talks with Russia
▼ + stars: | 2022-10-25 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Speaker Nancy Pelosi issued an implicit rebuke of progressive lawmakers. Pelosi reaffirmed US support for Ukraine after 30 lawmakers called for the US to hold direct talks with Russia. "Under President Biden, our support for Ukraine – and our determination to defend democracy – is here to stay until victory is won. The letter written by 30 House progressive lawmakers to President Joe Biden did not threaten future aid. "Nothing about Ukraine without Ukraine," as Secretary of State Antony Blinken has said.

☆ 30 House Democrats urged Biden to negotiate with Russia, a crack in support for the White House's Ukraine strategy
▼ + stars: | 2022-10-25 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

A group of liberal Democratic representatives wants Joe Biden to negotiate with Russia. They say they want to avoid a prolonged conflict between Ukraine and Russia. The US has provided Ukraine with $60 billion in aid, and says it's up to Kyiv when to negotiate. House Minority Leader Kevin McCarthy has said that GOP backing for Ukraine aid is not assured, remarking recently that there would be no "blank check" for Kyiv. The US has provided Ukraine with more than $60 billion in humanitarian and military aid since Russia launched its unprovoked invasion in February.

☆ 4 ways to establish trust with your workers so that they're more productive and less stressed, according to a senior vice president at Salesforce.
▼ + stars: | 2022-10-25 | by ( Marie Rosecrans | ) www.businessinsider.com time to read: +10 min

She found that leaders build trust by being vulnerable and admitting mistakes. Employees can focus on the work of serving customers and delivering customer success when solid trust exists in the workplace. You can't build trust on shaky ground, so being aloof when it comes to owning up to a mistake can negatively affect a lot of relationships at work. As you're building trust with people, it's important to open yourself up as a way of investing more deeply in your relationships. A big part of that is knowing who you're meeting with, so do your own research (on LinkedIn, Twitter, and Google search) to familiarize yourself with all the key players.

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