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☆ Layoffs have already started at Elon Musk's Twitter. Here's what we know so far.
▼ + stars: | 2022-11-04 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

Elon Musk began to terminate Twitter staffers last night, insiders told us. Last night Elon Musk's Twitter broke its silence with employees and sent a memo to staffers confirming that much-anticipated layoffs were happening the following day (so, today). But staffers told us the terminations started shortly after that email went out. Workers suddenly started to get locked out of services like Slack and email around 8 p.m. PT on Thursday night, multiple employees told Insider. Citing an "unusual macro-economic environment," Amazon told staff it'd put a pause on new corporate hires.

☆ Amazon pauses corporate hiring, citing 'unusual macro-economic environment'
▼ + stars: | 2022-11-03 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +2 min

Amazon announced it would pause new corporate hires. Amazon joins big tech companies like Meta, Netflix, and Alphabet in announcing a hiring freeze amid an economic slowdown. Galetti told employees the company expects to keep the hiring freeze in place "for the next few months." The e-commerce giant had alluded to plans to freeze hiring in the past few weeks. The company is not alone in rethinking its hiring practices amid a slowing economy: Meta, Alphabet, and Netflix all announced hiring freezes this year.

☆ Companies Seek Guidance on New U.S. Minimum Tax as Launch Date Nears
▼ + stars: | 2022-10-26 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +7 min

Analyzing past securities filings, researchers from the University of North Carolina’s Tax Center found that fewer than 80 publicly traded U.S. companies would have paid any corporate minimum tax in 2021 had the tax been in effect. Businesses, including media company Liberty Media Corp., in recent weeks have pressed for additional information from the Treasury Department and the Internal Revenue Service on the implications of the tax. “It’s casting a very wide net,” David Rievman, a partner at law firm Skadden, Arps, Slate, Meagher & Flom LLP, said of the minimum tax. Among the concerns from businesses is that reorganizations could cause a company to become subject to minimum tax, or increase their tax liability. Without the deduction, the company would pay another level of corporate tax on that dividend.

☆ CNN chief Chris Licht has big ideas, but employees are nervous, and more job cuts are coming
▼ + stars: | 2022-10-26 | by ( Alex Sherman | ) www.cnbc.com time to read: +13 min

Courtesy: CNNShifting from ZuckerPart of Licht's challenge as the new leader of CNN is he's not the old leader. There's also a hangover effect from the sudden collapse of CNN+, which Zucker pushed relentlessly as the future of the business. The comments heightened anxiety for many CNN staffers, according to six people who were at the company at the time. The changes should also bring workflow alignments to CNN digital and linear, which should help both entities' content and organization. CNN still hasn't named a chief digital officer, although the company's job posting now says it's filled.

I chose a health insurance plan with the lowest monthly premium. Working full-time at Insider is the first time I've had to choose between different tiers of health insurance plans. Out-of-pocket limitThe out-of-pocket limit on a health insurance plan is the amount that I have to pay before insurance covers 100% of services. Once the amount ofTruth be told, I chose the health insurance plan I have because it offered the lowest monthly premium. Now that I know better, I look forward to choosing my health insurance plan this year.

☆ Dwayne Johnson reportedly sidestepped the DC movie boss to get a major character's long-awaited cameo into 'Black Adam'
▼ + stars: | 2022-10-18 | by ( Travis Clark | ) www.businessinsider.com time to read: +3 min

Dwayne Johnson went around the DC film boss to seek approval for a major character's cameo in "Black Adam." The new Warner Bros. studio heads said yes to the cameo, according to The Hollywood Reporter. Neither representatives for Johnson nor Warner Bros. immediately returned requests for comment. "Black Adam" is the first franchise tentpole theatrical release in months, as movie theaters face a lack of new releases compared with before the pandemic. "Black Adam" comes at a time when the DC movie franchise itself is at a crossroads.

☆ White House taps Commerce official to run 'Made in America' office
▼ + stars: | 2022-10-12 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Oct 12 (Reuters) - The White House said Wednesday it is tapping a Commerce Department official to run an office aimed at spurring the U.S. government's purchase of more American products and services. Livia Shmavonian is taking the helm of the White House Office of Management and Budget's (OMB) "Made in America" office created by President Joe Biden last year. Shmavonian was at the Commerce Department's International Trade Administration and previously staff director for a Senate Finance trade subcommittee. She is replacing Celeste Drake, a former trade official at the AFL-CIO, who has moved to a new White House job. The order sought to make "Buy America" waivers more transparent.

☆ Stock futures are up as investors await inflation data
▼ + stars: | 2022-10-12 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Stock futures are rising slightly Wednesday as investors look ahead to inflation data and earnings in the coming days that may provide insight into the future health of the economy. Futures for the Dow Jones Industrial Average were up 48 points, or 0.16%. Nasdaq 100 futures added 0.15%, while futures tied to the S&P 500 increased 0.18%. The Dow Jones slipped 0.10%, or 28.34 points, to close at 29,210.85. Dow Jones' consensus estimates show the CPI rose 0.3% in September, up from 0.1% in August.

☆ Some Meta employees call key metaverse projects 'make Mark happy' as a nod to Mark Zuckerberg's changing priorities, report says
▼ + stars: | 2022-10-10 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

Some Meta staff refer to certain metaverse projects as "make Mark happy," the NYT reported. "Make Mark happy" was shortened into the acronym "MMH," two Meta employees told the NYT. Mark Zuckerberg has changed his priorities one year on since rebranding Facebook to Meta, per NYT. Two workers at tech giant Meta, formerly known as Facebook, told The Times that "make Mark happy" was shortened into the acronym "MMH." Some Meta workers have become unhappy about the company changing its strategies on a frequent basis rather than sticking to a plan, employees told The Times.

☆ Treasury Lays Groundwork for Ownership Registry, but Questions Remain
▼ + stars: | 2022-10-07 | by ( Dylan Tokar | ) www.wsj.com time to read: +5 min

Providing ExemptionsAnother key issue addressed by FinCEN’s rule relates to which companies will have to submit beneficial ownership information. Lawmakers reasoned that ownership information for such companies already would be readily available, but the large carve-outs have sparked questions from some quarters. They will be given 30 days to report beneficial ownership information. The road aheadFinCEN’s work establishing the beneficial ownership database is far from done. The beneficial ownership law requires companies to certify their reports are accurate and imposes penalties for people who willfully provide false information.

☆ Band-Aids and Tylenol will have a new name on their packages: Kenvue
▼ + stars: | 2022-09-29 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN Business —We have all heard of Band-Aid, Tylenol, Benadryl and Johnson’s baby powder. We have never heard of the new made-up word Kenvue. But Kenvue will be the new corporate parent of these familiar consumer health brands next year. The name Kenvue reflects J&J’s desire for the new consumer company identity to take a backseat to well-known brands such as Band-Aid. Then there have been brands that changed their names to signal strategy shifts, such as Dunkin’ dropping “Donuts” in 2018.

☆ The era of Big Tech moonshots is over. Amazon, Google, Facebook, and Microsoft are pulling back on ambitious, risky long-term projects after many of them failed.
▼ + stars: | 2022-09-29 | by ( Hugh Langley | Eugene Kim | Kali Hays | ) www.businessinsider.com time to read: +13 min

Amazon, Google, Microsoft, and Facebook have scaled back their ambitious "moonshot" projects. Moonshots like Google X and Amazon Grand Challenge allowed tech firms to build innovative projects. Before Amazon, Parviz led a similar team at Google called Google X. Page and Brin championed X projects they loved, helping them gain funding and headcount within the unit. Parviz, who created the once-hyped-up Google Glass, left Google X in 2014 to start Amazon's Grand Challenge.

☆ Nasdaq divides business into three units to streamline operations
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +2 min

The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York City, U.S., December 3, 2021. It said Market Platforms, Capital Access Platforms and Anti-Financial Crime will be the new units that will focus on digital assets, carbon markets, providing investment intelligence apart from U.S. equities. Register now for FREE unlimited access to Reuters.com RegisterNasdaq's efforts to streamline its operations come after the sector, which largely catered to stocks and derivatives, underwent an upgrade as cryptocurrencies gained popularity. Last week, Nasdaq launched a digital assets business that places it in a direct competition with crypto exchanges Binance and Coinbase Inc (COIN.O). Register now for FREE unlimited access to Reuters.com RegisterReporting by Mehnaz Yasmin in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ The British pound is cratering against the dollar. Here's everything you want to know.
▼ + stars: | 2022-09-27 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

I'm Phil Rosen, and economic signals from our colleagues across the pond are deep in the red to start the week. No frills or tomfoolery today, out of fear that the pound will drop further before we get to the news. FILE PHOTO: British five pound banknotes are seen in this picture illustration Reuters1. Even after its third consecutive 75-basis-point hike last week, all signs point to more to come. What do you think is the Bank of England's best option to stop the pound from falling further?

☆ SEC Advisory Panel Recommends Oversight of U.S. Accounting Rule Maker
▼ + stars: | 2022-09-21 | by ( Mark Maurer | ) www.wsj.com time to read: +4 min

The SEC’s Investor Advisory Committee, a group of investors, academics and financial advisers, recommended setting up another advisory committee to ensure the Financial Accounting Standards Board remains politically independent. PREVIEWRoughly 260 accounting and tax experts in November 2021 asked federal lawmakers to not tie the then-proposed tax to income metrics reported to investors. The new advisory group would consider ways to strengthen financial reporting in areas such as intangible assets, for example internally developed software, the Investor Advisory Committee said. SEC staff attend the FASB’s advisory committee meetings as formal observers and provide insight to help with rule making but lack the voting power of full board members. The FASB should then factor those costs into the cost-benefit analysis it conducts when drawing up new accounting rules, the SEC Investor Advisory Committee said.

☆ There's bound to be legal drama when Batman and Superman enter the public domain in coming years — but experts caution there's 'no precedent' for the thorny issue
▼ + stars: | 2022-08-25 | by ( Travis Clark | ) www.businessinsider.com time to read: +5 min

After the next decade, though, DC characters like Superman and Batman will enter the public domain. In the case of Superman, Batman, and Wonder Woman, they made their first published appearances in 1938, 1939, and 1941, respectively. Therefore:Superman would enter the public domain on Jan. 1, 2034. There are similar cases to DC's future public-domain fightWhile there's no precedent on par with what could transpire from these DC characters being in the public domain, there are similar cases. "Steamboat Willie," the first iteration of Mickey Mouse, is set to enter the public domain in 2024.

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