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☆ Apple asked Amazon to block rival ads. Insider found evidence of this special treatment, while others suffer from 'junk ads'
▼ + stars: | 2023-11-10 | by ( Eugene Kim | ) www.businessinsider.com time to read: +11 min

Other companies's product pages are cluttered with a mix of ads and product recommendations from competitors or sometimes irrelevant brands. The latest Apple product pages on Amazon have none of this extra marketing. In contrast, Amazon search results for other brands, such as Samsung and Sony, show at least two or three sponsored ads from rivals. At the time, Apple also asked Amazon to make its product pages clean, without any non-Apple product recommendations. By providing "accurate, relevant and qualitative content on Apple Product pages," Apple has been able to address much of the counterfeit issues on Amazon, the iPhone maker said.

Persons: Jeff Bezos, Apple, Jeff Wilke, Kaziukenas, Amazon's, Wilke, Bose, it's, I'm, —, Bezos, Amazon Organizations: Amazon, Federal Trade Commission, Samsung Galaxy, Microsoft, Samsung, Apple, Sony, House, Committee, LG, Galaxy, FTC, Adidas

☆ Storylines Residential Cruise Faces Backlash From Investors, Ex-Employees
▼ + stars: | 2023-11-01 | by ( Kate Taylor | Brittany Chang | ) www.businessinsider.com time to read: +31 min

Storylines' first cruise ship was initially scheduled to launch in 2019; it's now set for December 2026. Nine former employees, consultants, and investors told Insider that they'd come to doubt the MV Narrative would ever be built. The only existing residential cruise ship is The World. Many Storylines buyers remain optimistic about the residential cruise ship. "The ball is in your court," Punton told buyers in July in a video that's since been taken down.

Persons: Alister Punton, Punton, Shannon Lee, Mike Kasperzak, Jim Holt, Holt, Angela Nuran, Paul Cosentino, Cosentino, We're, Lee, it's, Alexandre Caillol, Condé, superyachts, Sean Fremder, Weeks, Caillol —, —, Marco Polo —, PitchBook, Alexandra Zodian —, Caillol, Michael Edwards, Edwards, he'd, Martin Buggy, Melissa Edyvean, Edyvean, Paul Read, Salvatore R, Mercogliano, Pat Helmers, Helmers, Michael Perisi, Andrew Lentz, didn't, Lentz, Wrocław . Lentz, Andrew, I'm, Lee ., Dick Rosman —, Lee —, Krzysztof Kontek, Kontek's, Michal Jackiewicz, Brodosplit, Brian Martin, Read, Nuran, We've, he's, New Zealand —, Kasperzak, " Lentz Organizations: Punton, Army, West —, Industry, CNN, Brodosplit, Regent Seven Seas, Wall Street Journal, Korea's Samsung Heavy Industries, Utopia, Beverly Hills, Rock City, The Raiders, Raiders, Holland America's, Mariners, New Zealand Locations: massages, Croatian, Beverly, Punton, Queensland, Australia, Broadbeach, California, Rock, Brisbane, Netherlands, Caillol, Polynesia, French Polynesia, France, London, Australian, British, Delaware, Sweden, Tahiti, Perth, Ecuador, Poland, Wrocław, Mexico, Florida, New

☆ Goldman Sachs is about to kick off a cascade of managing director promotions across Wall Street. Here's why the battle for power could be fiercer than ever.
▼ + stars: | 2023-11-01 | by ( Emmalyse Brownstein | Reed Alexander | ) www.businessinsider.com time to read: +9 min

There are plenty of terms to describe Wall Street power brokers — but none of them matters quite so much right now as the simple phrase "managing director." Wealth management, which has been an area for growth across Wall Street, may prove an exception. "Two years ago, everybody was in the war for talent," said Alan Johnson, a Wall Street compensation expert at Johnson & Associates. Getting a promotion to managing director is tremendously important for the people who are vying for the role. "Once you become an MD, you're going to be making a lot more money.

Persons: Goldman Sachs, Morgan Stanley, Banks, Alan Johnson, Wall, Jeanne Branthover, Johnson, Goldman, it's, Lloyd Blankfein, Justin Tuck, Branthover, might've, You'd, you'll Organizations: Wall, Citigroup, Jefferies, Bank of America, JPMorgan, Johnson & Associates, DHR International, NY Giants Locations: Wall

☆ Analysis: Three years after DirectBooks, US bond market still phoning it in
▼ + stars: | 2023-10-30 | by ( Shankar Ramakrishnan | Thomson Reuters | Shankar Ramakrishnan Has Nearly Years Of Financial Journalism Experience In Writing | ) www.reuters.com time to read: +6 min

There is also some concern about job losses and loss of market access by smaller banks. Changing an organization's behavior is difficult and takes sustained effort, said DirectBooks CEO Rich Kerschner. Interest in automation grew as desks struggled with corporate bond volumes that touched a record $1.78 trillion in 2020. Three years into it, only a small proportion of orders and allocation messages for a new bond were going through DirectBooks. Once in place, hundreds of investors using OMS platforms could send their order messages and receive allocation messages through DirectBooks, said Kerschner.

Persons: Carlo Allegri, Rich Kerschner, Spencer Lee, salespeople, Daniel Botoff, Goldman Sachs, Morgan Stanley, DirectBooks, Chris Sztam, BlackRock's Aladdin, RBC's Botoff, Shankar Ramakrishnan, Anna Driver Organizations: New York Stock, REUTERS, Bloomberg, underwriters, RBC Capital Markets, Bank of America, Barclays, BNP, Citi, Deutsche Bank, JPMorgan, P Global Market Intelligence, Development, Thomson Locations: Manhattan, New York City , New York, U.S, Wells, DirectBooks, Charles

☆ I'm a car dealer who only sells electric cars. This is what everyone else is getting wrong — and the advice I give prospective EV buyers.
▼ + stars: | 2023-10-29 | by ( Alexa St. John | ) www.businessinsider.com time to read: +8 min

Alex Lawrence is the CEO and cofounder of an all-electric used car dealership in Utah. AdvertisementAdvertisementAlex Lawrence is a 49-year-old entrepreneur and the CEO of EVAuto, an all-electric used car dealership in Bountiful, Utah, which he co-founded in 2019. EVAuto sells a variety of electric cars, from Tesla to Porsche to Rivian. We wanted to be the largest seller of used electric vehicles in America. Now that they're going to be on the Supercharger network, that helps solve the charging problem.

Persons: Alex Lawrence, Alexa St, John, —, EVAuto, Price, I'm, I've, they've, they're, Lorenzo Di Cola, It's, you'll, We've, Tesla, it's, Tim Levin Organizations: Service, Porsche, Ford, Chevrolet, GMC, Plaid Locations: Utah, Bountiful , Utah, America, Italy

☆ At unicorn startup Carta, a culture of absolute fealty to an erratic and vindictive CEO, employees say
▼ + stars: | 2023-10-24 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +17 min

Both men remained valued employees at Carta, with the sales representative even getting promoted just weeks after the alleged "helicopter penis" incident, according to former employees. CEO Henry Ward cofounded Carta, originally called eShares, in 2012 as a service for startups to digitize their paper stock certificates. Today Carta helps startups track their investors, employees manage their equity awards, and venture capitalists administer their funds. The lawsuit says that 10 days after Rogers filed her complaint, Ward "began treating Ms. Rogers in an aggressive and demeaning manner during several meetings." Many of the employees who have spoken out publicly about Carta and Ward have found themselves embroiled in expensive legal battles.

Persons: Lisa Whittaker, Whittaker, Jerry Talton, David Kim, Andrea Lamari, Kim, Henry Ward, Andreessen Horowitz, Ward, Henry, Alex Kurland, Carta, Peter Thiel, Simon Cowell, Talton's, Suzanne Elovic, Elovic, Lamari, Jeff Perry, Perry, salespeople, JT Goodman, Goodman, Goodman didn't, Jeff Perrry, Allie Rogers, Rogers, Rodgers, Rachel Mayes, Ward doesn't, Mayes, Jeff, Jeff Perry countersued, Orrick Herrington, Sutcliffe, Kleiner Perkins, Ellen Pao, Amanda Sheets, Sheets, Pushback, Lindauer, Whitaker, Whittaker wasn't, Barbara Byrne, Byrne, Talton, Joe Osnoss, Osnoss, Heidi Johnson, Johnson Organizations: Carta, UBS, Gold Club, Lightspeed, California Civil Rights Department, Meritech, YouTube, Win, York Stock Exchange, San, San Francisco Superior, San Francisco Superior Court, Barclays, Lehman Brothers, Montana Human Rights Bureau Locations: San Francisco, Brazil, Silicon Valley, California, Palo, Iranian, Lindauer, Silver, Montana

☆ Cathie Wood says AI is highly deflationary and her top picks include Twilio and UiPath
▼ + stars: | 2023-10-12 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Ark Invest's Cathie Wood said Thursday that the artificial intelligence boom is an antidote to inflation and a big driver of productivity. "AI is going to lead to one of the biggest improvements in productivity … which is highly anti-inflationary," Wood said at CNBC's Financial Advisor Summit . Another area for AI opportunities is software, Wood said. Wood said she particularly values companies that know how to utilize proprietary data. So it has a lot of proprietary data to help marketers and salespeople understand the best way to target customers," Wood added.

Persons: Cathie Wood, Wood, Twilio Organizations: CNBC's Financial, Ark Invest, Meta

☆ How to Invest in Mutual Funds
▼ + stars: | 2023-10-11 | by ( Mallika Mitra | ) www.wsj.com time to read: +20 min

Mutual funds are relatively cheap and simple to invest in, thanks to the many trading apps and online brokerages available nowadays. To get started, read on for our 10-step guide on how to invest in mutual funds. Once you open an account, you can invest in a wide range of securities, like stocks, bonds and mutual funds. Buy mutual fund sharesNow that you’ve solidified your strategy and done your research, you are almost ready to buy mutual funds. How to buy mutual fund sharesSome mutual funds require an investment minimum, often between $500 and $3,000, but not all do.

Persons: Mallika Mitra, Tricia Rosen, ”, Rosen, “, Ameritrade, Roth, Roth IRAs, Uncle Sam, you’ve, Randy Bruns, it’s, Morningstar, Russell, hasn’t, Amy Arnott, John Bogle, Morningstar’s Arnott, pitfall Arnott, You’ll, you’ll, Don’t, Sam, haven’t Organizations: Mutual, Fidelity, Vanguard, Morningstar, SEC, Apple, Fidelity Investments Fidelity, Target, Walmart, Funds, Capital Group, Capital Group’s, The Securities, Exchange Commission, Social, Consumer, Morgan, Capital Locations: Andover, Mass, Naperville , Illinois, U.S

☆ Are Fridge Magnets ‘Lowbrow’? Appliance Manufacturers Have Decided: Yes
▼ + stars: | 2023-10-06 | by ( Dorie Chevlen | ) www.wsj.com time to read: 1 min

CHILLY GALLERY New, nonmagnetic fridge fronts make displays like this impossible. Photo: F. Martin Ramin/The Wall Street JournalWHEN RYAN BRADLEY, a freelance editor in Los Angeles, went shopping for a new refrigerator five years ago, he immediately ran into issues. Bradley, 40 years old, didn’t need Bluetooth connectivity or smudge-proof finishes—he just wanted something to stick his magnets to. But not only were most salespeople unsure if floor models were magnet-friendly, they were surprised he cared. “I felt like a crazy person,” he said.

Persons: Martin Ramin, RYAN BRADLEY, Bradley, “, ” Locations: Los Angeles

☆ Netflix replaces top ad exec after one year in surprise shakeup, putting a company insider in charge of the growing business
▼ + stars: | 2023-10-03 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Netflix replaced its top advertising executive, Jeremi Gorman, after just a year, in a surprise shakeup of its nascent ads business. Insiders said they believed the choice of Reinhard to replace Gorman was a move designed to help sell the advertising business internally. But she's been with the company since 2016 and is known as a level-headed exec who understands the Netflix culture well. This summer, the company eliminated its lowest-priced ad-free tier to incentivize customers to sign up for the ads tier. We've built a world-class team and laid the foundations needed to create a forever ads business."

Persons: Jeremi Gorman, Gorman, Peter Naylor —, Amy Reinhard, Naylor, Reinhard, Greg Peters, Eunice Kim, Elizabeth Stone, she's, She's, they've, We've, Spencer Neumann, Peters Organizations: Netflix, Microsoft, Yahoo

☆ 'Who should I hire? Will I get rich?' Fortune telling is a booming business in Singapore
▼ + stars: | 2023-09-25 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +7 min

To determine if a candidate was a good fit for his company, one CEO is said to have consulted a "feng shui" master. From who to hire to where to put their money and when is the best time to get married, more and more people are turning to fortune telling in Singapore. "Especially if it's a C-suite hire, or if it's a very important hire and the companies are unsure. said Chase Woo, managing partner at Hoseiki, a feng shui atelier which also does consultations. Jonathan Lok consulted a feng shui master before picking Jan. 27 to get married.

Persons: Luis Acosta, it's, Benedict, Feng shui, Mark Tan, Tan, Jing, Chase Woo, she's, feng shui, Roslan Rahman, Woo, Jonathan Lok Organizations: Afp, Getty, SINGAPORE, Way, Singapore's Department of Statistics, Singapore's Ministry of Manpower, Tripartite, country's Association of Small, Enterprises, Fengshui, Nurphoto Locations: Singapore

☆ The most insidious part of online shopping is about to get even worse
▼ + stars: | 2023-09-14 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +16 min

Companies are just baking all those fees into the total price — making the hidden fees even more hidden. On the first page, you see the ticket price. I have never seen a good justification of what I'd call mandatory hidden fees. The Canadian government is also looking to pare down hidden fees. After all, Mahoney told me, "I have never seen a good justification of what I'd call mandatory hidden fees."

Persons: I'd, Neale Mahoney, Joe Biden's, Mahoney, Marcos Villaoslada, Sara Fisher Ellison, Ellison, Harold Hill, obfuscation, you've, Vicki Morwitz, Morwitz, — they've, StubHub, Laura Dooley, StubHub's, pare, Michael Negron, —, they're, Joe Biden, Alex Wong, Maggie Rogers, she'd, Audrey Fix Schaefer, Juliana Kaplan Organizations: Stanford University, White, Economic Council, Europa Press, Getty, MIT, Columbia Business School, YouGov, Ticketmaster, National Economic Council, NPR, Federal Trade Commission, I.M.P, Independent, Association Locations: New York, upsell, Europe, Washington ,

We analyzed how much employees reported making across levels, locations, races, and genders. Insider analyzed the entire dataset and built tables and other data graphics showing how much employees reported making across various levels, locations, races, and genders. The graphics for levels and locations show the minimum and maximum base salaries, equity, and bonuses for each dataset. The tables for race and gender show the median base salaries, equity, and bonuses of the data that was reported. The following table includes the median values for base salary, equity, and bonuses.

Persons: Googlers, Tamani, Jeff Dean, Sanjay Ghemawat Organizations: Google Locations: New York, Colorado, Georgia

☆ I've made $2.7 million in revenue in the last 6 months by selling AI courses and using AI tools to cut costs. Here's how.
▼ + stars: | 2023-09-05 | by ( Ashley Couto | ) www.businessinsider.com time to read: +8 min

He discovered AI using Dall-E in 2021 and later became enthralled by ChatGPT and other AI tools. By selling AI products and using AI tools, Winfield made $2.7 million in the last 6 months. I no longer had to manage the agency and had more time on my hands to explore AI tools. AdvertisementAdvertisementWe earn revenue by teaching people how to use AI tools, but we also use AI tools to maximize our revenue. Otherwise, all the new AI tools can become just shiny objects.

Persons: Chris Winfield, ChatGPT, Winfield, I'd, Jasper, Copy.AI, Jen Gottlieb, Dall, Jen, you've, upermeme.AI, Supermeme, WooSender, we've, We've Organizations: Service, Super Connector Media, Media, Facebook, Super Locations: Wall, Silicon

☆ Salesforce isn't planning another 'major' round of layoffs and is hiring for critical roles, it says
▼ + stars: | 2023-09-01 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +5 min

CEO Marc Benioff says he's got no plans for another big round of cuts and hopes layoffs are done. So on this week's call, Benioff took time to thank and wax poetic on all the former Salesforce employees who returned to work at the company during its turnaround effort. Former chief business officer Ebony Beckwith, a longtime executive who led the company's philanthropic foundation, quietly exited Salesforce in June. "We're ramping up hiring for critical roles," a spokesperson for Salesforce wrote to Insider via email when asked for clarification on Benioff's comments. At the same time, if former and current Salesforce employees are feeling whiplashed — told to leave and then told to come back — it's because the message coming from the top is mixed.

Persons: Marc Benioff, he's, Salesforce, Benioff, we've, It's, Ariel Kelman, Benioff's, Bret Taylor, Slack, Stewart Butterfield, Mark Nelson, Brent Hyder, Ebony Beckwith, Salespeople, Karl Keirstad, we're, whiplashed —, Ellen Thomas Organizations: Oracle, UBS, ethomas Locations: Salesforce

☆ 6 cruise passengers have gone overboard in 3 months. Here's why most ships still don't use detection tech for rescues.
▼ + stars: | 2023-08-31 | by ( Hannah Towey | ) www.businessinsider.com time to read: +18 min

An average of 19 people go overboard on cruise ships every year, industry data has found. Less than two months after Peale fell overboard, 30-year-old Jaylen Hill also went overboard a Carnival cruise ship. In total, at least five passengers have gone overboard cruise ships this summer, including Hill. The incidents occurred on the cruise ships Carnival Elation, Spectrum of the Seas, Emerald Princess, Mariner of the Seas, and Wonder of the Seas. A Coast Guard spokesperson said there are no regulations preventing cruise lines from installing MOB detection systems on their vessels.

Persons: Ronnie Peale Jr, Peale, Linda Peale, —, Travis Heggie, Hill, Eric Rodriguez, Princess, Joe Perez, Ross Klein, Paul McConnell, Jamie Barnett, James Michael Grimes, Grimes, CLIA, it's, Mike Collier, MOBtronic, Sen, Richard Blumenthal, Collier, Blumenthal, Linda Peale Jennilyn Blosser, Blosser, didn't, Barnett, Jim Walker Organizations: US Coast Guard, Carnival, Coast Guard, Bowling Green State University, Cruise Lines International Association, Jacksonville , Florida . U.S . Coast, Washington Post, Carnival Corporation, U.S . Coast Guard, Getty, Cruise Vessel Security, Safety, Guard, International Cruise Victims Association, Line International Association, USA, Royal Caribbean, International, Organization Locations: Virginia's Shenandoah, Connecticut, Hill, Jacksonville , Florida . U.S, Richard Blumenthal of Connecticut, MOBtronic

☆ Salesforce lifts annual forecast as business software demand stays strong
▼ + stars: | 2023-08-30 | by ( Zaheer Kachwala | ) www.reuters.com time to read: +2 min

REUTERS/Benoit Tessier Acquire Licensing RightsAug 30 (Reuters) - Salesforce (CRM.N) raised its annual revenue forecast on Wednesday and projected quarterly sales above estimates as it benefits from a recent price hike and resilient demand for its cloud and business software offerings in an uncertain economy. The company expects revenue to be between $8.70 billion and $8.72 billion in the third quarter, compared with estimates of $8.66 billion, according to Refinitiv data. Its quarterly earnings per share forecast was also above estimates. Salesforce also bumped up its annual revenue forecast to between $34.7 billion and $34.8 billion, from the $34.5 billion to $34.7 billion range given in May. In the second quarter, revenue came in at $8.60 billion, beating expectations of $8.53 billion.

Persons: Porte, Benoit Tessier, Salesforce, Slack, Einstein, Marc Benioff, Charlie Miner, Zaheer Kachwala, Maju Samuel Organizations: Viva Technology, Porte de, REUTERS, Google, Thomson Locations: Paris, France, Bengaluru

☆ 4 people have gone overboard on cruise ships this summer. Here's why most cruise lines don't use technology that could've helped save them.
▼ + stars: | 2023-08-24 | by ( Hannah Towey | ) www.businessinsider.com time to read: +18 min

An average of 19 people go overboard on cruise ships every year, industry data has found. At 6:36 p.m. — more than 12 hours after Peale fell overboard — Carnival contacted the Coast Guard, according to the agency. Less than two months after Peale fell overboard, 30-year-old Jaylen Hill also went overboard a Carnival cruise ship. Legislation without regulationThe US Coast Guard does not check for man-overboard image capture or detection technology during compliance inspections of cruise ships. A Coast Guard spokesperson said there are no regulations preventing cruise lines from installing MOB detection systems on their vessels.

Persons: Ronnie Peale Jr, Peale, Linda Peale, —, Travis Heggie, Hill, Eric Rodriguez, Joe Perez, Ross Klein, Paul McConnell, Jamie Barnett, James Michael Grimes, Grimes, CLIA, it's, Mike Collier, MOBtronic, Sen, Richard Blumenthal, Collier, Blumenthal, Linda Peale Jennilyn Blosser, Blosser, didn't, Barnett, Jim Walker Organizations: US Coast Guard, Carnival, Coast Guard, Bowling Green State University, Cruise Lines International Association, Royal Caribbean's, Princess Cruises, Jacksonville , Florida . U.S . Coast, Washington Post, Carnival Corporation, U.S . Coast Guard, Getty, Cruise Vessel Security, Safety, Guard, International Cruise Victims Association, Line International Association, USA, Royal Caribbean, International, Organization Locations: Virginia's Shenandoah, Connecticut, Jacksonville , Florida . U.S, Richard Blumenthal of Connecticut, MOBtronic

☆ Big Tech salaries revealed: This is what developers, engineers, and product managers make at Google, Apple, Meta, and Amazon
▼ + stars: | 2023-08-23 | by ( Business Insider | ) www.businessinsider.com time to read: +1 min

Insider analyzed salary data for thousands of workers to reveal how much large tech companies pay. We crunched the numbers for companies including Amazon, Apple, Facebook, Google, and Microsoft. The data from US companies report in foreign workers' visa applications sheds light on compensation. In March, the tech-industry association CompTIA reported that the projected rate for tech jobs over the next decade is nearly twice the national jobs rate. It projected over 270,000 net new tech jobs this year.

Organizations: Amazon, Apple, Facebook, Google, Microsoft, Companies, of Foreign Labor

☆ Inside Otter University: How Travis Kalanick's sales boot camp for young techies went off the rails
▼ + stars: | 2023-08-17 | by ( Meghan Morris | Darius Rafieyan | ) www.businessinsider.com time to read: +21 min

"It seemed like a cool, innovative new company," Lam said. Starting in early 2022, the company poured millions of dollars into an experimental sales boot camp called Otter University. She joined the company in 2020 as Otter's head of sales enablement and helped dream up the idea of a sales boot camp a year later. Two former OtterU employees said that Law and another Otter executive urged managers to join their teams for late-night drinks following team dinners. But the late nights and free-flowing alcohol struck some OtterU employees as inappropriate for the workplace, especially when managers had to deal with hungover teams the next day.

Persons: Brian Lam, messaged, Travis, Lam, Uber, It's, Kalanick, voraciously, they're, Otter, wasn't, salespeople, Cory Epstein, Phoebe Law, Law, people's, –, Kalanick's Uber, Otter's, Kate, Samul Beal, I'd, Beal, didn't, terminations, he'd, OtterU, I'm, grads, Salespeople, Guido Gabrielli, Keith Dunphy, Dunphy, Bram van Staalduinen, Phoebe Law's, Debra Glaser, Jen Zablotny, there's, Ordermark, Burger, Meghan, Darius Organizations: Texas, Otter, Storage Systems, Microsoft, Otter University, Law, Adobe, SAP, Houston, OtterU, hungover, NCR, Google, Brands, Houston Rockets Locations: Korean, Houston, Toronto, LA, Las Vegas, Miami, Seoul, South Korea, Houston ., OtterU, Otter, Canada

☆ Shanghai Exchange urges bankers to closely vet Chinese medical firms IPOs - sources
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +1 min

A men wearing a mask walk at the Shanghai Stock Exchange building at the Pudong financial district in Shanghai, China, as the country is hit by an outbreak of a new coronavirus, February 3, 2020. REUTERS/Aly Song/File PhotoSHANGHAI, Aug 14 (Reuters) - The Shanghai Stock Exchange has urged bankers to pay close attention to the marketing practices of Chinese drug and medical equipment makers seeking initial public offerings (IPOs) amid an escalating anti-corruption drive in the sector, sources said. The Shanghai exchange declined to comment. Bankers should carefully examine if the company, controlling shareholders or actual controllers conduct bribery in marketing activities, the exchange said in the publication. The bourse also asked bankers to check the authenticity of the marketing expenses and urged companies to fully disclose information in their prospectus.

Persons: Aly, Christian Schmollinger Organizations: Shanghai Stock Exchange, REUTERS, bourse, Reuters, Bankers, Shanghai, Thomson Locations: Pudong, Shanghai, China

☆ Few Schools Have Covid Relief Funds to Improve Air Quality - The New York Times
▼ + stars: | 2023-08-09 | by ( Zeynep Tufekci | ) www.nytimes.com time to read: +1 min

In March 2021, Congress allocated $122 billion for schools to cope with the Covid pandemic and its aftermath — to hire tutors, retain teachers or improve their facilities. Public health and clean air advocates hoped that this would lead to widespread improvements in classroom ventilation and air quality, to help ward off future pathogenic threats and reduce problems like dust, allergens and wildfire smoke. About 28 percent more installed in-room air cleaners, 8 percent said they installed ultraviolet lights — a more expensive and complicated method — and the rest reported no changes that would substantially improve air quality. Moreover, once the federal spending was approved, aggressive salespeople descended on school officials who were struggling to open. School officials often were persuaded to spend more for products that many scientists believe aren’t substantially more effective than cheaper alternatives that have been thoroughly studied.

Organizations: Public, Centers for Disease Control

☆ Microsoft is touting the size and growth rate of its Salesforce rival Dynamics
▼ + stars: | 2023-08-03 | by ( Jordan Novet | ) www.cnbc.com time to read: +5 min

Microsoft still isn't disclosing the size of its Azure business, providing only the growth rate for the cloud business and leaving investors guessing how its revenue compares to Amazon and Google . But in its much smaller Dynamics business, which includes software for salespeople, marketers and customer-service agents, Microsoft has suddenly opted for greater transparency. In its annual report to investors last week, Microsoft disclosed Dynamics revenue in a table alongside other products for the first time. He also noted that Microsoft Sales Copilot, a tool capable of writing business-oriented email drafts, integrates with Dynamics as well as Salesforce's software. Partly motivated by Microsoft's AI capabilities, some companies are switching to Dynamics from Salesforce, said Manny Medina, CEO of sales software startup Outreach.

Persons: Satya Nadella, Flipkart, Nadella, Manny Medina, Medina, Salesforce, Bret Taylor, Marc Benioff, they're, Doug Burgum, Adam Mansfield, Mansfield Organizations: Microsoft Corp, Microsoft, Google, Dynamics, Products, Cloud Services, Technology, IDC, Oracle, SAP, CNBC, Industry, Marketing, Commerce Cloud, Plains Software, North, Republican Locations: Mumbai, India, MSFT, Marketing Cloud, Commerce, North Dakota, Great Plains

☆ David Rosenberg doubles down on his recession call - and reveals the wild pushback he's faced
▼ + stars: | 2023-08-01 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

David Rosenberg is sticking with his recession call, despite many other experts backing down. In a client memo, he shared some of the extreme pushback he's received for his gloomy forecasts. David Rosenberg, a leading economist who called both the dot-com and housing crashes, remains fully convinced the US economy is headed for a recession. Recession indicators including the inverted yield curve, The Conference Board's Leading Economic Index, and the New York Fed's recession model are still flashing red. "The impatience and tempestuousness out there do not surprise me, either, having called the markets and the economy for nearly 40 years," he continued.

Persons: David Rosenberg, he's, Michael Burry, Warren Buffett, Merrill, Rosenberg, Merrill Lynch Organizations: Service, Internet, Conference, Biden, North Locations: Wall, Silicon, Houston, York, North American

Buying a new home before you've sold the old one is hard, but planning early makes it easier. Lenders are salespeople, so it's a good idea to talk to an expert who can offer objective advice. Reduce your risk when you buy before you sell with a guaranteed backup offer from Calque. She offered this advice to anyone trying to sell their first home in order to afford a new one. Next Steps: Calculate how much equity you could convert into a down payment on your next home if you buy before you sell with Calque.

Persons: you've, Tammy Trenta, Trenta Organizations: Calque, Family Financial Locations: Calque

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