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☆ ‘Moths to a flame’: Insect behavior around light isn’t about attraction, scientists say
▼ + stars: | 2024-02-07 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +7 min

Gaining a better understanding of the impact of artificial light on these winged creatures is crucial as light pollution plays an increasing role in the decline of global insect populations, the researchers wrote. Artificial light confuses nocturnal insectsWhen artificial light does not interfere, nocturnal insects keep their backs pointed toward whatever direction is brightest, which is typically the sky versus the ground. By using insect-scale motion-capture cameras, the researchers determined that the flying insects exhibited three consistent behaviors: orbiting, stalling and inverting. Moths and other insects can become trapped in a disorienting orbit around artificial light sources such as street lamps and porch lights. The new findings could help with conservation by fueling research on how to minimize the effects of light pollution on the insects, Dombroskie said.

Persons: it’s, critters, Samuel Fabian, Sam Fabian “, … It’s, ” Fabian, that’s, ”, Yash Sondhi, Sondhi, Sam Fabian, Fabian, Floyd Shockley, Shockley, ancestrally, “, Jason Dombroskie, Dombroskie Organizations: CNN, Nature Communications, Imperial College London’s, Florida Museum, Florida International University, Smithsonian National Museum of, Cornell, Insect, National Wildlife Foundation Locations: bioengineering, Miami, Washington , DC

☆ Storms in California hit homeowners already facing an insurance crisis
▼ + stars: | 2024-02-06 | by ( Anna Bahney | ) edition.cnn.com time to read: +6 min

Washington, DC CNN —The storms pummeling California this week hit a part of the US already being battered by a home insurance crisis. With insurers strained by climate change and inflation, many are demanding higher premiums, making it much harder to find affordable (or any) home and fire insurance. But it is not just California; homeowners in other areas prone to weather events like Florida, Louisiana, and Texas are also facing challenges. Meanwhile, in hurricane-battered Florida, Farmers Insurance deemed it too risky to continue insuring homes and pulled out of that market entirely. “This isn’t just climate change, it is climate-change-plus,” Bach said.

Persons: ”, Amy Bach, United, Michael Monaghan, Sellers, you’ve, Jennifer Branchini, Bach, Hurricane Andrew, ” Bach, mitigations Organizations: DC CNN, Allstate, Farmers Insurance, Coldwell, California Association of Realtors, National Oceanic, Atmospheric Administration, Hurricane, FAIR, California Department of Insurance Locations: Washington, California, Florida , Louisiana, Texas, San Francisco, California’s, Golden State, Florida, Vermont, Colorado, Pleasanton, United, “ Florida, Louisiana

☆ The relentless focus on White Christian nationalism is spreading a racist myth
▼ + stars: | 2024-02-03 | by ( John Blake | ) edition.cnn.com time to read: +15 min

That’s how critics have described White Christian nationalism, a deviant strain of religion that has infected the political mainstream. But there is another cost to the spread of White Christian nationalism that no one mentions. The relentless coverage of White Christian nationalism is spreading a racist myth: that Whiteness is the default setting for evangelical Christianity. In a February 2023 survey, nearly two-thirds of White evangelical Protestants qualified as sympathizers or adherents to Christian nationalism. However, he rejects the political beliefs associated with White Christian nationalism.

Persons: CNN — It’s, ”, Pastor Peter Lim, ” Lim, he’s, “ It’s, It’s, White, Carolyn Chen, Ella Sophie Bessette, you’re, “, Walter Kim, Tom Lin, William Barber II, Chen, Trump, John Minchillo, browning, — it’s, John C, Richards, Jr, Jim Crow, Mark Noll, ” Richards, “ I’m, John Onwuchekwa, Lyndon B, Johnson, Lady Bird Johnson, Hubert Humphrey, Edward Kennedy, Robert Kennedy, Onwuchekwa, ” Maria Antonetty, Tina Fineberg, don’t, Lim, William J, Barber, Oliver Contreras, We’re, John Blake Organizations: CNN, White, Christianity, of Atlanta, Berkeley Center, Republican, Princeton, Harvard, Stanford, UC Berkeley, Oral Roberts University, National Association of Evangelicals, InterVarsity, USA, Christian, MLK, Saint Mark Baptist Church, White Americans, Liberty, New, Southern Baptist Convention, Cornerstone Church, Primitive Christian, Washington Post, Asian Pacific American Religions Research Initiative Locations: America, White, American, Korean, Taiwanese, Asian, Africa, Silicon Valley, Taiwan, Korea, Mexico, Little Rock , Arkansas, Georgia, New York, New York City, Crete, Atlanta, Asia, Washington , DC

☆ Coco Jones may seem like a splashy newcomer, but she's having déjà vu
▼ + stars: | 2024-02-03 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +10 min

Anyone who watched the Disney Channel in the early 2010s will recognize Jones' onscreen magnetism and precocious vocal skill. AdvertisementBut while many of Jones' cohorts have emphatically shed the mouse ears, Jones has taken the path of radical acceptance. "One thing about 'Let It Shine,' it's going to follow me until the wheels fall off," Jones said. Advertisement"ICU" was released as the second single from "What I Didn't Tell You," the first EP Jones released through a major label. "What I Didn't Tell You" is the product of studious passion; Jones honors the R&B tradition without relying on imitation.

Persons: —, Coco Jones, it's, Jones, Chloe, Halle Bailey, Kelsey, Charlie, Tyler James Williams, Abbott, Hilary Banks, Bel, Will Smith, Justin Timberlake, Miley Cyrus, Olivia Rodrigo, Sabrina Carpenter, " Jones, Lea Mende Jones, I'm, Warner Chappell, Simone Biles, Lea Mende, Aretha Franklin, Whitney Houston, Mariah Carey, CeCe Winans, Taylor Swift, Timberlake, Babyface, Reneé Rapp, She's, Rapp Organizations: Service, Disney Channel, Disney, Business, Hollywood Records, Facebook, colorism, Bel, Def Jam, Warner, Warner Chappell Music, BET, HBO, College Girls, MTV

☆ Opinion | The World Has Caught Up to Frantz Fanon
▼ + stars: | 2024-02-02 | by ( Adam Shatz | ) www.nytimes.com time to read: +3 min

The shock of the new, in political life, often sends us back to the past, in search of an intellectual compass. ), which he joined while working as a psychiatrist in Blida, on the outskirts of Algiers. He captured, as no other writer of his time did, the fury engendered by colonial humiliation in the hearts of the colonized. Fanon wrote at the height of the Cold War, but, with no less prescience, he regarded the East-West struggle as a passing sideshow, of far less consequence than the divisions between North and South, of the rich world and the poor world. If the colonial world was, in his words, “a world cut in two,” our post-colonial world seems scarcely less so.

Persons: Donald Trump, Viktor Orban, Jair Bolsanaro, Hannah Arendt’s “, ”, Arendt, Frantz Fanon, Fanon, —, haven’t, It’s Organizations: National Liberation, Israel, Black Panthers, Palestinian Locations: East, Africa, Martinique, Blida, Algiers, North, Ukraine, Gaza

☆ Scientists think they've finally solved the millennia-old mystery of why bugs flock to your porch light
▼ + stars: | 2024-01-31 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +6 min

The question of what brings insects toward lights of all kinds — from flames to porch lamps — is an ancient one. AdvertisementIt was as if they were using the light source as a way to orient themselves to the sky. Sam FabianBut Fabian said they tested this theory and found that some insects started traveling in a different direction when a new light source switched on. A less-bright future for insectsThere's a reason scientists have long sought to answer the question of why insects are attracted to artificial light. Oboyski also worries that light pollution is impacting the way insects navigate through their environments.

Persons: —, Mary Esther Murtfeldt, Sam Fabian, Chris Robbins, Getty Images Fabian, Yash Sondhi, Fabian, Peter Oboyski, wasn't, Oboyski, Sam Fabian Fish, It's, Sondhi, they're Organizations: Service, Imperial College London, Business, Getty Images, Essig, of Entomology, Nature Communications Locations: Costa Rica

☆ Jewish groups in Spain are troubled by their government's decision to cling onto a painting looted by the Nazis
▼ + stars: | 2024-01-24 | by ( Mia Jankowicz | Thibault Spirlet | ) www.businessinsider.com time to read: +5 min

The decision has appalled the family, and those in the Jewish community. Spain's leading Jewish organization has long supported the family's legal fight to wrest the painting from the Spanish museum that holds it. AdvertisementThe museum, for its part, welcomed the US court's decision, while declining to comment on the views of the Jewish community in Spain. Californian law doesn't give owners rights over stolen goods. But in Spain, if you buy stolen goods in good faith, you have stronger claims.

Persons: —, Spain's, Bernardo Cremades, Lilly Neubauer, Camille Pissarro, Neubauer, Baron Hans Heinrich Thyssen, We've, Cremades, Francisco Franco, Cornelis van der, Ramón, Ernest Urtasun, Consuelo Callahan Organizations: Service, Business, Federation of Jewish Communities, Federation of Young, Saint, Guardian, Museo Nacional Thyssen, Bornemisza, Los Angeles Times, Circuit, Appeals, Spanish, El, BI Locations: California, Spain, Germany, Spanish, Bornemisza, Madrid, Basque

The testy clashes have come to be expected as Trump's lawyers carry into the courtroom the bombastic, and often antagonistic, style that defines his campaign trail demeanor. There's no doubt that the lawyers, with some exceptions, have struggled to score major points with judges and in fact have often provoked their ire. Both cases have been defined by contentious exchanges between judges and Trump and his lawyers. In November, for instance, they pushed unsuccessfully for a mistrial in the fraud case, accusing Judge Arthur Engoron of “tangible and overwhelming” bias. Chutkan has repeatedly admonished Trump’s lawyers for political arguments, once telling attorney John Lauro during debate over whether restrictions could be placed on Trump's speech that though she knew he had a “message” to convey, she didn't want campaign rhetoric in court.

Persons: Alina Habba, ”, Lewis A, Kaplan, There's, Trump, “ Trump, Ty Cobb, ” Trump, E, Jean Carroll, Judge Arthur Engoron, Engoron, Christophe Kise, Kise, Habba, he’d, “, ” Kaplan, Joe Biden, ” They’ve, Biden, Tanya Chutkan, Barack Obama, Chutkan, John Lauro, Lauro, Todd Blanche, Chris Kise, Tim Parlatore, Joe Tacopina, Tacopina, — “, “ Donald Trump, Donald Trump, that’s, Aileen Cannon, Trump’s, ” Stephen Saltzburg, ___ Richer, Larry Neumeister Organizations: Trump White House, Trump, Biden, Justice Department, U.S, MSNBC, George Washington University, Associated Press Locations: New York, Washington, Atlanta, Georgia, York, Florida, Lago, Boston, Sisak

☆ There are 3 bullish signals flashing that point a recovery in the housing market, Compass CEO says
▼ + stars: | 2024-01-22 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

The housing market is flashing signs of life, Compass CEO Robert Reffkin said. AdvertisementThe housing market is flashing a handful of bullish signals for the year ahead, according to Compass CEO Robert Reffkin. The founder of one of the nation's top real estate brokerages said he believed the housing market will be on the path to recovery in 2024. But more owners appear to be moving out of necessity or have warmed up to the idea of selling as mortgage rates head lower. At this rate, buyers are outpacing sellers in the market, Reffkin said, noting that Compass's real estate agents are seeing more business in the new year.

Persons: Robert Reffkin, Reffkin, —, brokerages, Freddie Mac, Sam Lafoca, LM Otero, Sellers, Phil Noble, I've, Barbara Corcoran Organizations: Service, National Association of Realtors, CNBC, Community, Getty, Associated, REUTERS, Mortgage, Association, New Locations: lancaster California, USA, Dallas, Kirkham, England

☆ Compass CEO: All key signs in housing are pointing in the right direction
▼ + stars: | 2024-01-22 | 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 EmailCompass CEO: All key signs in housing are pointing in the right directionRobert Reffkin, Compass co-founder and CEO, joins 'Squawk on the Street' to discuss the state of the housing sector at the start of the year, what's changing the calculus of the housing sector, and more.

Persons: Robert Reffkin

☆ Take a tour of my surprisingly modern $459-per-night room in Margaritaville Times Square
▼ + stars: | 2024-01-19 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +2 min

I stayed at the Margaritaville Resort in Times Square in December 2023. I was surprised by how thoughtfully the room was designed and by some of the modern features. I recommend that any tourist who wants to stay in Times Square check out Margaritaville. The Margaritaville Resort Time Square opened in 2021 and has since become something of a meme online, with New Yorkers posting on TikTok that New York's hottest club is … Margaritaville? Here's what it looked like inside my deluxe room at Margaritaville Resort Times Square.

Persons: —, Jimmy Buffett, Buffett, I've Organizations: Service, Forbes, Hotels, Margaritaville Locations: Margaritaville, St, Nashville, Punta Cana

☆ ‘Can we sleep at night?’: Renowned tech journalist explains why he pulled his newsletter publication from X and Substack
▼ + stars: | 2024-01-18 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

Over the past several months, Newton has made difficult decisions to sever relationships and move Platformer off both Substack and X, the platform formally known as Twitter. For Newton, maintaining a presence on both X and Substack violated both his personal and business’ moral constitution. In the case of Substack, Newton expressed disappointment that the newsletter publisher had strenuously resisted calls to prohibit “literal 1930s-style Nazis” from building — and monetizing — audiences. “I am writing all the time about how companies are failing to live up to their stated values,” Newton told CNN. “My expectation is we are going to grow a lot more slowly on the free side this year,” Newton candidly acknowledged.

Persons: CNN — Casey Newton, Newton, ” Newton, Zoë Schiffer, “, Elon Musk, I’m, ” Organizations: CNN, NPR

☆ Bitcoin tumbled after a slate of ETFs launched. Here’s why that might dent some crypto miners’ profitability
▼ + stars: | 2024-01-14 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Investors in bitcoin mining stocks are closely watching the price of the cryptocurrency after the Securities and Exchange Commission's move to allow spot bitcoin ETFs became a sell-the-news event. After the ETFs received regulatory approval last week, the flagship currency briefly touched $49,000. As the week went on, however, bitcoin wiped out its earlier gains and notched a modest weekly loss of 0.01%. "If [the bitcoin price] gets to $45,000 or below only the newest, most efficient miners with the … lowest cost power are going to be able to stay online." "We would view any sell-off [in mining stocks] as a buying opportunity, as the ETF does not directly impact mining economics or change competitive dynamics, and we remain bullish on bitcoin and bitcoin miners in 2024," he wrote.

Persons: bitcoin, Reginald Smith, Chase White, they're, White, Iris Energy, Smith, Iris Organizations: Securities, Exchange, Marathon Digital, JPMorgan, bitcoin's, Compass, Iris, Cipher Mining, Iris Energy

☆ Spain Museum Can Keep Nazi-Looted Painting, Judges Say
▼ + stars: | 2024-01-11 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +5 min

A US court said Spain could keep a priceless painting looted by the Nazis from its Jewish owner. The Spanish-backed nonprofit didn't know the painting was looted when it bought the collection, the judges said, giving it a stronger claim within Spanish law. Advertisement"Under California law the plaintiffs would recover the art, while under Spanish law they would not," they wrote. "Thus, Spanish law must apply." It argued that neither the Spanish state-backed nonprofit nor Thyssen-Bornemisza knew the painting was stolen when he bought it.

Persons: —, Lilly Neubauer, Camille Pissarro's, Neubauer, Baron Hans Heinrich Thyssen, Bornemisza, Claude Cassirer, Sam Dubbin, Spain's, Consuelo Callahan Organizations: Service, Saint, Business, Madrid's, Nacional Thyssen, Guardian, Madrid's Museo Nacional Thyssen, US, Appeals, Art, Los Angeles Times, Thyssen, Times Locations: Spain, Germany, Paris, Pissarro's, Spanish, California

☆ Virtual-reality tech is helping real-estate agents and homebuyers save time and close deals — even remotely
▼ + stars: | 2023-12-14 | by ( Ngozi Nwanji | ) www.businessinsider.com time to read: +6 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementIn a world filled with news about seemingly endless types of emerging technology, virtual-reality, or VR, tech has become a tool that many businesses are leveraging. Research from Goldman Sachs estimated that 130,000 real-estate agents used VR to show homes in 2020, per Encora. Indeed, virtual tours were key to keeping the real-estate market alive while COVID-19 restrictions were in place. For properties that have a Matterport virtual tour available, people can "enter VR" and move within the virtual space online, Bowerman told BI.

Persons: —, it's, Goldman Sachs, Isamar Troncoso, homebuying James Bowerman, Bowerman, you'll, hadn't, Patricio Navarro, Navarro, there's Organizations: Realtors, realtors, Service, Grand View Research, VR, Research, Goldman, Harvard Business School, Real Creative Group, Compass, Property Locations: Matterport, Maryland, Miami, New York City

☆ Asking $39.977 Million, a Tech Entrepreneur’s Home Is One of San Diego’s Priciest Listings
▼ + stars: | 2023-12-05 | by ( Libertina Brandt | ) www.wsj.com time to read: 1 min

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. A contemporary San Diego home asking $39.977 million is one of the city’s priciest listings, according to listing agent Craig Lotzof of Compass .

Persons: Craig Lotzof Organizations: Diego

☆ I made a multigenerational group of friends — from Gen Zers to Boomers — doing ski patrol
▼ + stars: | 2023-12-05 | by ( Melissa Hart | ) www.businessinsider.com time to read: +5 min

I ended up joining Backcountry Ski Patrol and making an intergenerational group of friends. Two years ago, when the dank Willamette Valley winters threatened to bury me in seasonal affective disorder, I begged Julie to teach me to cross-country ski. In the mountains near my house, I discovered not only bluebird skies above snowy slopes, but a group of multigenerational friends who inspired me to join Backcountry Ski Patrol. The members of our patrol in the Willamette National Forest span four generations, from Gen Zers to Boomers. Some of us cross-country ski.

Persons: Zers, —, Julie, she's, Gen Zers, who'd, who've, Julie Polhemus, I've Organizations: Ski, Boomers, Service, Volunteers, First Locations: Los Angeles, Oregon, Willamette

☆ Why this investor thinks most founders should try ayahuasca
▼ + stars: | 2023-12-04 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

That's the assessment from one venture capitalist, who recently tried ayahuasca for the first time. Investor Eddy Vaisberg, 33, told Business Insider ayahuasca could help founders gain better insights into themselves and others — and boost their creativity. It wasn't ayahuasca on its own that shifted Vaisberg's compass, he said. Evans, 46, got into the work after he first tried ayahuasca about a decade ago at a yoga studio in Brooklyn. AdvertisementThat was around the time he first tried ayahuasca.

Persons: —, Aaron Rodgers, Harry, Eddy Vaisberg, he's, Elon Musk, Joe Rogan, Ayahuasca, He's, Vaisberg, it's, Brandon Evans, Evans, He'd, ayahuasca, New York —, they're, hadn't, didn't Organizations: Service, New York, who's Locations: Costa Rica, ayahuasca, Brooklyn, New York City, New, 1heart

☆ Stephen Sondheim’s Longtime New York Home Sells for $7 Million
▼ + stars: | 2023-11-29 | by ( Sarah Paynter | ) www.wsj.com time to read: 1 min

Stephen Sondheim’s longtime New York City townhouse has sold for $7 million, according to listing agent Michael Franco of Compass . Franco declined to name the buyer, but said the purchaser is a Sondheim fan based in New York City who plans to make the Midtown townhouse his primary residence.

Persons: Stephen Sondheim’s, Michael Franco, Franco Organizations: Compass Locations: New York City

☆ Elon Musk thinks OpenAI may have made a dangerous discovery — and that's behind the Sam Altman drama
▼ + stars: | 2023-11-29 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Elon Musk said he's concerned OpenAI discovered a "dangerous element" of AI. The billionaire said he has "mixed feelings" about OpenAI CEO Sam Altman. AdvertisementElon Musk has some theories about why Sam Altman was initially ousted from OpenAI. Musk added that he wanted to know why OpenAI cofounder and chief scientist Ilya Sutskever "felt so strongly as to fight Sam. "He really sweats it over questions of what is right," Musk told Sorkin.

Persons: Elon Musk, OpenAI, Sam Altman, Musk, —, Andrew Sorkin, Sam, Ilya Sutskever, they've, It's, Altman, Kali Hays, he'd, Sutskever, backtrack, Sorkin, Ilya, OpenAI's ChatGPT Organizations: Service, OpenAI, CNBC

☆ Bay Area Estate Asks $16 Million More Than Its 2020 Sale Price
▼ + stars: | 2023-11-28 | by ( E.B. Solomont | ) www.wsj.com time to read: 1 min

A private-equity founder is asking $35 million for his Bay Area estate, just three years after buying it for $19 million. J. Taylor Crandall, a founder of private-equity firm Oak Hill Capital, is listing his 21.48-acre estate in Alamo, an affluent suburb about 30 miles east of San Francisco. When he bought the house in 2020 with his wife, Suzanne Crandall, it set a record for Contra Costa County, said Marilee Headen of Compass , who is marketing the property with Taso Tsakos of Engel & Völkers.

Persons: Taylor Crandall, Suzanne Crandall, Marilee, Taso Tsakos, Engel, Völkers Organizations: Contra Locations: Oak Hill, Alamo, San Francisco, Contra Costa County

☆ Virginia's 'Data Center Alley' residents say an eerie hum is keeping them up at night
▼ + stars: | 2023-11-27 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +9 min

At the beginning of this year, she started hearing an eerie hum that got louder at night. Virginia has had explosive growth in data centers since the early 2000s, when Loudoun County started allowing data centers to be built. Loudoun County residents say the noise started this past winter and gets louder at night when it's cooler. In Loudoun County, residents said they could hear the data center even with their windows closed. Unlike previous data centers, the new ones use so-called free air cooling , designed to leverage lower temperatures to use less electricity than most data centers.

Persons: Stephanie Brookes, Brookes, Les Blomberg, he's, Mike Turner, Ted Lewis, Turner, Eric Lee, Jeff Mach, Mach, Katy Hancock, Hancock, Chris Crosby, Blomberg, it's, Lewis, Arline Bronzaft, Wire Blomberg Organizations: Business, Compass, Pollution, The Washington Post, county's, Supervisors, Loudoun County's, Public, Lehman College Locations: Loudoun County , Virginia, Virginia, Loudoun County, Leesburg, New York, Ashburn, Loudoun, Loudoun County's

Earlier Sunday, the Irish prime minister lauded the release of Emily Hand, an Israeli-Irish girl whose story has captivated both nations. Our prayers have been answered,” Irish Prime Minister Leo Varadkar posted on the X platform, formerly known as Twitter. The girl was initially believed to have been killed in the Oct. 7 assault on southern Israel by Hamas and other militants. Emily Hand was not ‘lost,’ she was kidnapped by a terror organization worse than ISIS,” Israeli Foreign Minister Eli Cohen tweeted. He alleged that Varadkar was “trying to legitimize and normalize terror,” and summoned the Irish ambassador to Israel for a reprimand.

Persons: —, Emily Hand, Leo Varadkar, Emily, Varadkar's, Mr, Eli Cohen, Varadkar, ”, Paschal Donohoe, Israel, ___ Sylvia Hui Organizations: JERUSALEM, Twitter, ISIS, Israeli Foreign Ministry, Union Locations: Irish, Israeli, Israel, Gaza, Belgium, Spain, Palestinian, London

☆ 'Morale is at an all-time low': Ex-Googler writes scathing letter slamming layoffs and 'eroded' culture
▼ + stars: | 2023-11-23 | by ( Hugh Langley | ) www.businessinsider.com time to read: +4 min

He also accused CEO Sundar Pichai of lacking "visionary leadership." AdvertisementAn ex-Google employee has published a highly critical letter attacking the firm's "eroded" culture and accusing CEO Sundar Pichai of lacking "visionary leadership." AdvertisementHickson is unusually candid, however, especially in his remarks on CEO Sundar Pichai. AdvertisementHickson says these layoffs have "insidious" effects on the culture that can cause employees to "dramatically dial back any risk-taking." AdvertisementAs for whether Google's culture can be salvaged, Hickson thinks it can, but says the "clock is ticking."

Persons: Googler, Sundar Pichai, —, Ian Hickson, Hickson, Larry Page, Sergey Brin Organizations: Google, Service, Business, BI

☆ Caterer Compass forecasts strong growth in 2024
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 20 (Reuters) - Catering group Compass Group (CPG.L) expects 2024 underlying operating profit to grow about 13%, aided by strong demand leading to high single-digit organic revenue growth and stronger margins, it said on Monday. Compass, the world's largest catering group, said adjusted operating profit rose nearly 30% to 2.12 billion pounds ($2.64 billion) for the year ended Sept. 30, in line with market expectations. "Going forward, we expect to sustain mid to high single digit organic revenue growth and ongoing margin progression leading to profit growth ahead of revenue growth and increased cash generation," CEO Dominic Blakemore said in a statement. Annual underlying revenue grew 18.8% to 31.3 billion pounds, registering growth across its markets. In financial year 2023, it signed 2.7 billion pounds of new business, with first-time outsourcing accounting for about 50%.

Persons: Dado Ruvic, Dominic Blakemore, Compass, Hofmann, Yadarisa, Rashmi Organizations: REUTERS, Compass, Manufaktur GmbH, Thomson Locations: Argentina, Angola, Bengaluru

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