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☆ U.S. weekly jobless claims ticked higher last week
  + stars: | 2022-12-29 | by ( ) www.reuters.com   time to read: +2 min
Initial claims for state unemployment benefits rose 9,000 to a seasonally adjusted 225,000 for the week ended Dec. 24, the Labor Department said on Thursday. Economists polled by Reuters had forecast 225,000 claims for the latest week. The claims figures have been choppy in recent weeks but have held well below the 270,000 threshold that economists see as a red flag for the labor market. Employers have been generally reluctant to lay off workers after struggling to find labor during the COVID-19 pandemic. The claims report showed the number of people receiving benefits after an initial week of aid rose 41,000 to 1.710 million in the week ending Dec. 17.
☆ Sam Bankman-Fried and a company he owns got $3.3 billion in loans from his Alameda trading firm, bankruptcy filing says
  + stars: | 2022-11-17 | by ( Brian Evans | ) www.businessinsider.com   time to read: +2 min
Alameda Research lent $3.3 billion to Sam Bankman-Fried and entities he controlled. FTX's bankruptcy filing disclosed a $1 billion loan directly to Bankman-Fried. The other $2.3 billion went to Paper Bird Inc., a company SBF owns a majority stake in. A loan of $1 billion went directly to Bankman-Fried, the filing said, while $2.3 billion went to Paper Bird Inc., which he owns a majority stake in. The bankruptcy filing included numerous stunning revelations about FTX.
☆ Russia rains missiles across Ukraine as signs emerge of further retreat
  + stars: | 2022-11-15 | by ( Dan Peleschuk Jonathan Landay | Dan Peleschuk | Jonathan Landay | ) www.reuters.com   time to read: +7 min
Russia had said last week its troops would occupy positions that were easier to defend on the opposite bank of the Dnipro River. Russia had artillery still capable of striking Kherson from those new positions, but "we also have something to answer with", she said. [1/10] Local residents gather near their residential building hit by a Russian missile strike, amid Russia's attack on Ukraine, in Kyiv, Ukraine November 15, 2022. There were no confirmed reports that Ukrainian troops had crossed the river to pursue the Russians. Russia is a member and Ukraine is not, but Russian President Vladimir Putin stayed home.
☆ Former Amazon managers who became successful founders say metrics and frugality aren't great for startups but customer obsession is
  + stars: | 2022-10-24 | by ( Madeline Renbarger | Diamond Naga Siu | ) www.businessinsider.com   time to read: +8 min
Five founders shared the aspects of Amazon's company culture they brought with them, or left behind. As Insider has previously reported, some Amazon employees have described the culture as hypercompetitive and overly frugal, which can lead to burnout. Yes to customer obsessionAll five founders praised Amazon's top leadership principle, established by its founder, Jeff Bezos: customer obsession. Those are metrics Amazon also follows closely. Some Amazon employees have dubbed this phenom "frupidity," a combination of the words "stupidity" and "frugality."
☆ This 35-year-old turned her eBay side hustle into a $141 million company: 'Here's the business plan I used'
  + stars: | 2022-05-04 | by ( Tori Gerbig | ) www.cnbc.com   time to read: +5 min
Today, we run our online fashion retail business, Pink Lily, full-time. Value proposition and key competitorsIt is so essential to identify and strengthen your value proposition — or the reason customers will want to buy from you versus another company. Here's what to consider when defining your value proposition: Define the product you're trying to sell. Ideal customersNext, you need to define and step into the shoes of your ideal customer. For Pink Lily, what made us different from other e-commerce brands was that many of our items were under $50.
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