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☆ GE's 2023 profit forecast weighed down by renewable business
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +1 min

Jan 24 (Reuters) - General Electric Co (GE.N) forecast a lower-than-expected 2023 adjusted profit on Tuesday, as the industrial major struggles with persistent problems at its money-losing renewable energy business. Shares in GE were down 2% at $78.29 in premarket trade after the company forecast an operating loss between $200 million and $600 million for its energy business GE Vernova in 2023. The company's renewable energy business has been facing challenges due to inflation and supply chain pressures. GE Aerospace's operating profit is expected to come in between $5.3 billion and $5.7 billion for 2023. GE's adjusted profit for the fourth quarter was $1.24 per share, beating analysts' average estimate of $1.13 per share.

☆ GE forecasts weak 2023 profit on troubles at renewable business
▼ + stars: | 2023-01-24 | by ( ) www.cnbc.com time to read: +1 min

The General Electric Co. logo is seen on the company's corporate headquarters building in Boston, Massachusetts, U.S. July 23, 2019General Electric forecast a lower-than-expected 2023 adjusted profit on Tuesday, as the industrial major struggles persistent problems at its money-losing renewable energy business. Shares of GE fell about 1% before the opening bell after the company forecast an operating loss between $600 million and $200 million for its energy business GE Vernova in 2023. The renewable energy unit has been delivering poor results due to policy uncertainty following the expiry of renewable electricity production tax credits in 2021, which has hit customer demand. Parts shortages have also hobbled overall production and inflationary pressures have driven up costs, hitting margins and forcing GE to raise prices. GE Aerospace's operating profit is expected to come in between $5.3 billion and $5.7 billion for 2023.

☆ Investors will stop rewarding digital health startups masquerading as tech companies in 2023, VC Aike Ho predicts
▼ + stars: | 2022-12-29 | by ( Blake Dodge | ) www.businessinsider.com time to read: +4 min

Many digital-health startups enjoy tech valuations without differentiated technology. As record investment has flowed into care startups, many of them have enjoyed valuations that mirror those of tech companies. In 2023, thanks in part to the struggling economy, Ho predicts that digital-health investing will stop rewarding this approach and favor startups with true technology differentiation. Ho said it's the right time for real technology startups to take off in healthcare. She's looking for founding teams with three distinct superpowers: understanding the healthcare landscape, understanding the technology behind products, and understanding that technology's clinical application.

ROME/PARIS, Dec 21 (Reuters) - Italy's Vega rockets have been grounded and an investigation is under way after the latest model failed on its second mission, destroying two Earth-imaging satellites and further complicating Europe's access to space on top of the war in Ukraine. A spokesperson for Arianespace said both the Vega C and its Vega predecessor had been grounded pending the findings of an investigative commission co-chaired by technical officials from the European Space Agency and Arianespace itself. Italy's Vega C rocket is due to play an increasingly crucial role in Europe's access to space after Moscow's invasion of Ukraine forced Arianespace to stop using Russian Soyuz vehicles. But Arianespace has been forced to scrap plans to announce a Vega C launch schedule for 2023 in coming weeks. Analysts said only a few operational alternatives to Vega C exist, such as potential rideshares aboard U.S.-based SpaceX's bigger Falcon 9 or Firefly Aerospace's new Alpha launcher, which can loft roughly half the payload weight of Vega C.Other options, though somewhat larger than Vega C, include rockets from Japan and India.

☆ FTX t-shirts and swag were stashed away in trash bags during Miami's Art Basel, and some crypto diehards took them home as souvenirs
▼ + stars: | 2022-12-08 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +3 min

The Solana Embassy, once backed by Sam Bankman-Fried, gave away free FTX t-shirts at Art Basel. Among the stash were close to 1,000 FTX Miami t-shirts, FTX bean bags, a framed Miami Heat jersey that featured an FTX logo, and a signed poster of chess grandmaster Magnus Carlsen who took part in an FTX-sponsored tournament. Solana tweeted about its events in Miami and said it had "about 1,000 FTX Miami shirts to get rid of." The t-shirts were originally only supposed to be free for those who opened FTX accounts at the Solana Embassy. The Solana Embassy previously housed an FTX Lounge, and the exchange was its biggest financial sponsor, according to Norby.

☆ Big Tech CEOs are asking employees to step up — or step aside
▼ + stars: | 2022-12-05 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

Across the industry, tech CEOs are asking their employees to step up — or step aside. It's not just Elon Musk: Major tech CEOs are asking employees to step up or risk getting fired. After taking over at Twitter, Musk notoriously asked staffers to work "long hours at high intensity" or quit. But other tech CEOs from firms like Meta and Amazon have also been turning up the heat on employees. Here's what more tech CEOs are expecting.

☆ Buzzy startups failed to fix mental-health care. Now their mistakes are fueling the space's next generation.
▼ + stars: | 2022-12-01 | by ( Blake Dodge | ) www.businessinsider.com time to read: +13 min

In the past two years, highly funded startups have tried to disrupt mental-health care. The startups said they wanted to help solve the industry's biggest problems: Mental-health care is too expensive, and there isn't enough of it to go around. Talkspace's priority is now its division that sells mental-health care to employers, which pay recurring fees for employee access. Startups tackling more serious mental-health conditions are working with health plansThere's also a rising crop of mental-health companies tackling the costliest mental-health conditions, something the direct-to-consumer firms tend to shy away from. About half of Bicycle's patients pay with their insurance, a number he's looking to increase.

☆ The death of Twitter won't be the dramatic explosion you might expect
▼ + stars: | 2022-11-18 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +5 min

So I'm confident saying Twitter won't wink out of existence, here one day and gone the next. That said, I'm also confident that Twitter won't be the same after Musk's gambit. Here's how I think will happen:Power users start to abandon ship. The combination of app unreliability and the increasingly-notable absence of power users and influencers will lead to average Twitter users spending less time on the site. If and when users stop refreshing Twitter because it's no longer reliable, they'll start spending more time on other platforms.

☆ A day in the life of a 20-year-old Gen Z venture capitalist in London's bustling startup scene
▼ + stars: | 2022-11-16 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

But he said older VCs he's interacted with mostly tend to disagree and stick to emails when interacting with founders. Nathwani strayed into venture capital after finishing his A-Levels, as it looked like a good way to marry his interests in social impact and investing. He spoke with a few investors and a founder as part of his job as a summer associate at Social Impact Capital. He spent most of the morning working on an impact report for Social Impact Capital. 2:30 p.m.Nathwani used some time after lunch to do more work for Social Impact Capital and wade through his 30,000 unread emails.

☆ Raytheon sees castings shortages spilling into next year amid aftermarket demand
▼ + stars: | 2022-11-08 | by ( Abhijith Ganapavaram | ) www.reuters.com time to read: +2 min

Supply shortages have crippled aerospace's ability to meet a snapback in demand for travel. The supply of castings has been singled out as problematic by aerospace executives as manufacturing them is a labor-intensive process and it takes time to train new hires. Shortages are now prompting Raytheon to choose between making new engines and servicing old ones. TRAVEL DEMAND A 'WATCH ITEM'Raytheon, whose Pratt & Whitney engines power all of Airbus' A220 jets and about half of the A320neo aircraft, said it had not seen any signs of travel demand, which has turbocharged the industry's recovery, subsiding. However, he added travel demand remains a "watch item", amid recessionary fears.

☆ It looks like Elon Musk started using a new program that blocks jet tracking after the man who follows his plane wouldn't take his Twitter account down
▼ + stars: | 2022-10-26 | by ( Grace Kay | Taylor Rains | ) www.businessinsider.com time to read: +4 min

The program allows aircraft owners to apply for a temporary aircraft registration number that is not currently attached to any other plane — meaning that celebrities like Musk can essentially fly anonymously. The PIA program allows aircraft owners to switch out their registration number every 60 days. The incognito registration number also doesn't prevent Sweeney from tracking the private jet via ADS-B Exchange, a public flight-tracking database. Elon Musk's private jet flight with PIA flag, tracked by Jack Sweeney. Jack Sweeney via ADS-B ExchangeMusk is also on the FAA's free "Limiting Aircraft Data Displayed" program, or LADD list.

☆ Pinterest to offer free mental health resources to content creators
▼ + stars: | 2022-10-23 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

In October, Pinterest announced its partnership with Headspace to give content creators mental health help. TikToker Mikayla Nogueira received backlash for complaining about her struggles with mental health while being a full-time influencer. Eligible creators will receive a free six-month subscription to Headspace. The regular cost of a Headspace subscription is $12.99 per month or $69.99 per year. "We're trying to build a better space for Creators at Pinterest, and as an industry, we believe there's an opportunity to prioritize inspiring content by prioritizing inspiring creators," he said.

☆ Pinterest, Headspace offer free mental health resources to content creators: 'We wanted to inspire the people who do the inspiring'
▼ + stars: | 2022-10-23 | by ( Renée Onque | ) www.cnbc.com time to read: +2 min

Not a second goes by that I'm not thinking about making content," said @jaegurley in a TikTok video from early this year. "I don't watch sunsets or have genuine moments with my friends without being like 'Oh guys, can we do that again? With the pressure that content creators often feel in mind, Pinterest announced a partnership with Headspace, an app that provides mental health resources, to offer free access to Headspace's offerings for its influencers. The initiative, timed around World Mental Health Day, allows creators on Pinterest to sign up for a free 6-month subscription on Headspace. "We really wanted to inspire the people who do the inspiring and provide them with the tools and offerings to really help them with their mental health and wellbeing," Ducard says.

☆ Space tech startups fall out of VC orbit
▼ + stars: | 2022-10-18 | by ( Akash Sriram | ) www.reuters.com time to read: +2 min

Oct 18 (Reuters) - Space technology startups are being forced to limit their sky-high ambitions, as their venture-capital backers turn to safer bets due to the current economic turmoil, VC firm Space Capital said. Investments in space technology companies, which collect, process and analyze space-related data, have fallen 80% in the third quarter to about $1 billion from nearly $5 billion in the year-earlier period, Space Capital said in a report. VC investment volume in space companies fell 44%, compared with a broader market decline of 31%, it added. VC firms "are looking to reduce their exposure to capital intensive companies with low or long-term profitability models," Space Capital's managing partner, Chad Anderson, told Reuters. Many investors who explored aerospace last year have backed away, said William Kowalski, co-founder of Atomos Space, which makes spacecraft that help satellites maneuver in space.

☆ Trump's Chinese restaurant rant is an 'attack on the National Archives' says the former US Archivist who served under George H.W. Bush
▼ + stars: | 2022-10-16 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +6 min

Trump last week said Bush stored presidential records in a former Chinese restaurant/bowling alley. Bush Presidential Library and Museum is located — that it leased from the General Services Administration, which is responsible for securing buildings for government operations. He was the first archivist responsible for transferring presidential documents under the Presidential Records Act of 1978. Trump's attacks on the NARA process of preserving presidential records, Wilson said, was a "great danger" to democracy. Bush Presidential Library and Museum did not respond to Insider's request for comment.

☆ Amazon is switching the rockets used to launch the first 2 of more than 3,000 satellites, delaying lift-off until 2023
▼ + stars: | 2022-10-13 | by ( Stephen Jones | ) www.businessinsider.com time to read: +2 min

Amazon is switching the rockets used to carry the first of its two Project Kuiper satellites. Amazon originally scheduled the launch for late 2022 but said lift-off will now be in early 2023. A rival to SpaceX's Starlink, Project Kuiper is Amazon's project that involves building a network of more than 3,200 low-orbit satellites to provide a global broadband network. The two prototype satellites will be used to run tests, ahead of the first commercial launches of Amazon's production version of the satellites. ABL president, Dan Piemont, told CNBC on Wednesday, that the company finished work on a custom spacecraft for Project Kuiper earlier this year.

☆ Delta Air invests $60 mln, takes stake in air taxi startup Joby Aviation
▼ + stars: | 2022-10-11 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

The Joby Aviation logo is seen outside of the New York Stock Exchange (NYSE) ahead of their listing in Manhattan, New York City, U.S., August 11, 2021. REUTERS/Andrew KellyWASHINGTON, Oct 11 (Reuters) - Delta Air Lines (DAL.N) said Tuesday it invested $60 million in air taxi startup Joby Aviation (JOBY.N) for a 2% equity stake, in a partnership that will initially offer passengers air taxi transport to and from airports in New York and Los Angeles. Joby has said it plans to launch air taxi service in 2024. Delta does not plan, however, to operate Joby aircraft, Bastian said. He said he hopes at some point the air taxis will be able to land on the tarmac to speed journeys.

☆ Downtown Circle: Dubai architects design a massive ring to encircle the Burj Khalifa
▼ + stars: | 2022-09-09 | by ( Nadia Leigh-Hewitson | ) edition.cnn.com time to read: +6 min

ZNera Space’s principal architects, Najmus Chowdry and Nils Remess, envision Downtown Circle as a horizontal stroke against Dubai’s vertiginous, futuristic skyline of seemingly endless skyscrapers. An ever-changing skylineAs compelling and radical a design the Downtown Circle may be, it is – for now – practically and financially implausible, Chowdry and Remess admit. Downtown Circle would draw power from both solar and solar-hydrogen cell systems. Part of the design concept includes an electric tram system suspended around the bottom of the structure. ZNera SpaceThe design was drawn up to align with Dubai’s optimistic masterplan for a sustainable urban environment by 2040.

☆ Meet 11 people leading the aviation industry's push to slash emissions and ditch fossil fuels
▼ + stars: | 2022-05-31 | by ( Maia Anderson | ) www.businessinsider.com time to read: +14 min

Experts have estimated that aviation is responsible for nearly 2% of global greenhouse-gas emissions and 2.5% of carbon-dioxide emissions. Some aviation giants, like United, are signing purchase agreements to buy electric aircraft. Today he serves as CEO and chairman of the company, which aims to be a pioneer in electric aircraft. In 2000 he founded Aviation Technology Group, which developed the ATG Javelin very light jet before ceasing operations in 2007. He is also a founding member of the Nordic Network for Electric Aviation.

☆ I tried Sleep by Headspace for a month to stop waking up in the middle of the night — here's how it went
▼ + stars: | 2021-06-14 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +7 min

She decided to download Sleep by Headspace, which costs $69.99 a year. She liked the wind-down and mid-night exercises, which helped her get to sleep after waking up. The "Falling Back to Sleep" wind down. Some tracks I found distracting, like "Cabin Porch," which featured bird sounds that my mind equates more with waking up. While briefly glancing at a cell phone in order to play an item from Sleep for Headspace likely won't ruin a night of sleep, it invites into the bedroom the temptation to continue scrolling.

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