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☆ Researchers found a surefire predictor of success — and what separates those who find it from those who keep failing
▼ + stars: | 2023-05-12 | by ( Susie Allen | Kellogg Insight | ) www.businessinsider.com time to read: +12 min

Using this insight, the researchers are able to successfully predict an individual's long-term success with just a small amount of information about that person's initial attempts. Indeed, in another recent study, Wang himself found that an early career setback often set up scientists for later success. In all three datasets, an individual's second-to-last attempt did tend have a higher probability of success than their very first effort. Rather, there's a singular learning threshold that separates eventual successes from the rest. "Thomas Edison said, 'people give up because they don't know how close they are to success,'" Wang explains.

☆ Interview: Amazon Web Services cofounder Charlie Bell dishes on why he moved to Microsoft, how he met Satya Nadella, and if he'll ever work on Azure
▼ + stars: | 2023-05-03 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +9 min

Amazon Web Services cofounder Charlie Bell left in 2021 for a job at Microsoft. Many in the industry, including current and former Microsoft and Amazon executives, wonder whether there's a better job for Bell. In a rare interview with Insider, Bell discussed why he left Amazon, how he met Microsoft CEO Satya Nadella, and whether he'll ever work on Azure. Wind the clock back to January of 2021, Jeff (Bezos) came to us and said, "Hey, I'm going to retire." The more I thought about it, the more I thought, "Well, Microsoft might be the place to do it."

☆ Consumers are ‘retrenching.’ What that means for recession fears
▼ + stars: | 2023-05-03 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

But for consumers, the lengthy spell in the crossfire of persistently high prices and rising interest rates has taken its toll. Inflation-adjusted consumer spending was flat in March, marking the fourth time in five months that expenditures held steady or declined. “Further deterioration in the job market — the last remaining leg propping up the consumer — is bound to accelerate the downshift in consumer spending in the coming months. Private label growth is one of six indicators that Allison tracks to determine a consumer recession. “If you ask the economists, ‘Are we in a recession?’ they’re going to say ‘No, we’re not in a recession,’” he said.

☆ Celebs like Aubrey Plaza and Emma Roberts are getting slammed for Big Milk ad campaigns: 'I thought we left the cow milk propaganda in the 90s'
▼ + stars: | 2023-04-29 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

Actor Aubrey Plaza took heat after starring in a campaign that mocked plant-based milk with the fake brand "Wood Milk." Social media users have been quick to call out Plaza, as well as others like Emma Roberts, for recent collaborations with Big Milk. "Is Wood Milk real? "Only real milk is real." Only dairy milk is real milk.

☆ Vu says grandfather's memory an inspiration after major win at Chevron
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +2 min

April 23 (Reuters) - Lilia Vu kept the memory of her late grandfather in mind to maintain her composure on Sunday as she collected her maiden major title at the Chevron Championship, the 25-year-old American told reporters. I didn't feel like myself," said Vu, who started the day four strokes back after a disappointing one-over par third round. "I just felt like I was getting angry over every single little thing, and that's usually not how I roll." The win was all the more sweet for Vu after she struggled to keep going during a low point in her career three years ago. I just saw everybody that I've competed with being successful, and I just compared myself all the time," said Vu.

☆ Chevron Championship: Lilia Vu channels memory of late Grandfather to clinch first major title
▼ + stars: | 2023-04-24 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

CNN —Lilia Vu triumphed at the Chevron Championship on Sunday, besting American compatriot Angel Yin in a playoff to seal the first major of her career in The Woodlands, Texas. I’m just really happy and proud of Cole [caddie] and I for doing this.”Vu (R) celebrates her win in the water. Amid bubbling frustrations during a wet and windy final round, it was the memory of her grandfather that kept Vu grounded. Carmen Mandato/Getty ImagesYin upbeatRunner-up Yin was upbeat despite agonizingly missing out on a first career major. “My caddie was telling me to calm down, but other than that, I really just wasn’t really feeling much.

☆ Is it Time for Me to Get Over My Dislike of High-Waisted Pants?
▼ + stars: | 2023-04-24 | by ( Vanessa Friedman | ) www.nytimes.com time to read: +1 min

I am a mom, but not a mom jeans fan. What am I to do with the current trend for high-rise pants? That’s why, whenever I hear that skinny jeans are over, or skinny jeans are back, I roll my eyes. Look around, and you will see “dad jeans,” “mom jeans,” distressed jeans, wide jeans, boot-cut jeans, flared jeans, stretch jeans, stiff jeans, et cetera. That said, there is a certain polish to the high-rise trend that makes it worth noting.

☆ Thitikul charges through Chevron field to take share of lead
▼ + stars: | 2023-04-23 | by ( ) www.reuters.com time to read: +1 min

April 23 (Reuters) - Thailand's Atthaya Thitikul charged up the leaderboard to share top spot with American Angel Yin in the final round of the Chevron Championship on Sunday, with the pair sitting two shots clear of the rest of the field. Thitikul's pair of bogeys were offset by five birdies after 15 holes at the Club at Carlton Woods near Houston, putting the twice LPGA winner within striking distance of a maiden major title. Yin recovered from a bogey on the very first hole to birdie the par-5 fourth and was level par for the round and 10 under total with the six holes to play. The outing was far less smooth for her compatriot and previous co-leader Allisen Corpuz, who bogeyed four times on the front nine and produced a single birdie on the par-5 eighth. Reporting by Amy Tennery in New York Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

☆ Americans Corpuz, Yin sit atop Chevron leaderboard heading into final round
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +3 min

April 22 (Reuters) - Americans Allisen Corpuz and Angel Yin charged up the leaderboard to share a one-shot lead at 10-under par after a pair of near-flawless performances in the third round of the Chevron Championship on Saturday. "Been playing really solid these last three days," the 25-year-old said in a televised interview. "I've just been trying to tell myself, you know, get more comfortable in contention, just keep learning from every experience." "It was one of those days -- everything felt so easy and everything felt in sync," she said in a televised interview. The second round of the tournament wrapped up early on Saturday after organisers were forced to halt play due to darkness.

☆ Taiwan's Chien grabs early lead at Chevron Championship
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +2 min

April 20 (Reuters) - Taiwan's Peiyun Chien seized early control of the year's first women's major on Thursday, carding a five-under 67 to grab the first-round clubhouse lead at the Chevron Championship and grabbing the spotlight from the sport's big names. "I saw the pin sheet last night, and I can't sleep," said Chien, who came to the major off her best result of the season, a tie for fourth at last week's LOTTE Championship. Ko had a roller coaster round including four birdies and three bogeys which left the New Zealander on one-under 71 alongside Canada's twice major winner Brook Henderson. Kupcho, world number two and Olympic gold medallist Nelly Korda, U.S. Open champion Minjee Lee of Australia and British Open winner Ashleigh Buhai of South Africa were among the late starters. Reporting by Steve Keating in Toronto, Editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

☆ Not the same major splash as Chevron moves to Texas
▼ + stars: | 2023-04-19 | by ( Steve Keating | ) www.reuters.com time to read: +3 min

April 19 (Reuters) - When women's golf crowns its first major winner of the season on Sunday at the Chevron Championship it will not make the same splash it once did. "I'm not really sure," said defending Chevron champion Jennifer Kupcho. "I think there might be snakes in the water here, so might be a little interesting." While a dock can be quickly constructed, it takes years to build traditions and rarely are they transferable. After missing last year's Chevron due to injury, Korda is back to full fitness with four finishes inside the top six in five starts this season, including runner-up at last month's HSBC World Championship.

[1/3] An applicant is measured for height during a recruiting session for cabin crew jobs at Hainan Airlines in Beijing, China, March 30, 2023. Carriers including Xiamen Airlines, China Southern Airlines (600029.SS) and Spring Airlines (601021.SS) are now on a hiring spree as domestic travel recovers and they plan to resume flights to popular international destinations. China Southern, which plans to hire 3,000 cabin crew this year, said it already had more than seven times as many applicants by the end of December. Before the pandemic, around 10% of cabin crew applications were typically successful, industry experts said. As the peak summer season approaches, Chinese airlines are adding international capacity.

☆ Milk consumption is down 20% among younger generations: 'I feel like this is another punch line about us'
▼ + stars: | 2023-04-05 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +3 min

Gen Z milk consumption is down 20% compared to other generations. To combat the drop, the dairy industry is scrambling with campaigns and other efforts to increase milk's popularity. But even some of the poster children for dairy milk aren't drinking the stuff, the New York Times reported. She said she began avoiding dairy milk after she learned of its negative impacts on her sports-induced asthma, and after her sister became a vegan. Still, using figureheads like Zapata, the dairy industry wants milk to be in the good graces of millennials and Gen Z.

[1/2] Goldman Sachs CEO David Solomon speaks during the Goldman Sachs Investor Day at Goldman Sachs Headquarters in New York City, U.S., February 28, 2023. REUTERS/Brendan McDermidHONG KONG/SHANGHAI, March 31 (Reuters) - A flurry of top financial executives have visited China for the first time since the COVID-19 pandemic as global financial giants seek to cement their relations with Beijing at the start of President Xi Jinping's new term. International financial institutions and investors are welcome to expand in China, the chairman of the country's securities regulator said. Goldman Sachs' Solomon and Blackstone (BX.N) CEO Stephen Schwarzman met Peng Chun, chairman of China Investment Corporation (CIC), this week, according to official social media posts from the $1.35 trillion sovereign wealth fund. Meanwhile, Chip Kaye, Warburg Pincus's CEO, met Beijing's major Yin Yong during his visit to the city last week, according to a municipal statement from Beijing.

☆ Payments firm Block's Australian shares slump after Hindenburg report
▼ + stars: | 2023-03-24 | by ( Navya Mittal | ) www.reuters.com time to read: +2 min

March 24 (Reuters) - Australia-listed shares of Block Inc , led by Twitter co-founder Jack Dorsey, plunged 16.3% on Friday after Hindenburg Research alleged that the payments firm overstated its user numbers and understated its customer acquisition costs. Block, which is currently exploring a legal action against the short-seller, said the report was "factually inaccurate and misleading". Shares of the San Francisco-headquartered company led losses in Australia's benchmark ASX 200 Index (.AXJO) and hit their lowest since January 2023 at A$91.28. Block's $29 billion buyout of the Australian buy-now-pay-later firm Afterpay "was designed in a way that avoided responsible lending rules in its native Australia," the U.S. short-seller said in its report. ASX-listed Block shares plunge post Hindenburg's reportReporting by Navya Mittal in Bengaluru; Editing by Devika Syamnath and Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ Emerging venture fund managers had few banking options to begin with. After Silicon Valley Bank's collapse, where do they turn now?
▼ + stars: | 2023-03-22 | by ( Melia Russell | Vishal Persaud | ) www.businessinsider.com time to read: +10 min

Silicon Valley Bank had long banked a class of startup investors known as emerging managers. He was able to quickly switch from Silicon Valley Bank with an email to his contact at AngelList. Novak is part of a contingent of investors who are shifting their banking strategy in the fallout of Silicon Valley Bank's failure. After Silicon Valley Bank's demise, the big banks have gotten more selective, the three investors said. The big banks like JPMorgan set account minimums for its private banking group, locking out emerging fund managers.

☆ China plans to revamp finance, tech oversight
▼ + stars: | 2023-03-08 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Lintao Zhang | Getty Images News | Getty ImagesBEIJING — China plans to overhaul its financial regulatory system by consolidating aspects of the central bank and securities regulator under a new entity, while doing away with the existing banking regulator. The moves also come as Beijing has increased regulation on parts of the economy that had developed quickly, with little oversight. The latest plan calls for the establishment of a National Financial Regulatory Administration, which replaces the China Banking and Insurance Regulatory Commission and expands its role. watch nowThe China Securities Regulatory Commission's investor protection responsibilities are set to shift to the new financial regulator. "China's consolidated financial regulatory body is [a] paradigm shift to ramp up oversight of its vast financial system," said Winston Ma, adjunct professor of law at New York University.

☆ Factbox: Chinese chipmaking equipment manufacturers filling void left by U.S. export restrictions
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +5 min

Naura's most advanced etching machine supports 55 nm and 28 nm chipmaking technology, well behind the leading edge of chip manufacturing. The firm also makes deposition machines, which apply chemicals and gases to silicon wafers throughout the chipmaking process. It produces machines that can service the 14 nm to 28 nm process nodes of its deposition machines. ADVANCED MICRO-FABRICATION EQUIPMENT INC CHINA (AMEC) (688012.SS)AMEC makes etching equipment used to remove excess material from the surface of silicon wafers. BEIJING E-TOWN SEMICONDUCTOR TECHNOLOGY CO LTD (BEST)BEST produces degumming equipment used to remove photoresist chemicals during the lithography process.

☆ Analysis: Sharp drop in equity premium may mark return of 60/40 portfolio
▼ + stars: | 2023-03-03 | by ( Mehnaz Yasmin | ) www.reuters.com time to read: +4 min

The thinning spread between returns from stocks and bonds is set to bring the 60/40 portfolio strategy back in favor. The Fed's move to tighten monetary policy at the fastest pace in decades pumped up bond yields after nearly two years of near-zero interest rates. On the other hand, "during a recession, yields will fall and Treasury bond prices will rise," said Roberts. While the economic downturn would hit stock returns, drop in bond yields should provide some relief in such a scenario, according to analysts. "For me, the best risk-reward portfolio in this environment for now is long duration Treasury bonds, and deep value, dividend equities," Roberts said.

☆ Global asset managers in China grapple with fraudulent investor schemes
▼ + stars: | 2023-03-03 | by ( ) www.reuters.com time to read: +4 min

Such scams have become so widespread that China's securities regulator issued a rare statement on Thursday cautioning investors against fund-raising schemes purporting to be from foreign asset managers. The online rackets add reputational risks for global asset managers already suffering from trademark disputes, geopolitical worries, and cut-throat competition in China. "Swindlers mushroom when the economy is bad," said an executive at a consultancy that serves global asset managers in China. "Cheaters and life-long learners ... some tech-savvy ones would even copy the programming of a foreign money manager's website," he said. Scams using Van Eck's brands first emerged in China's southern Guangdong and Southwestern Guangxi provinces, and later sprung up in central Sichuan province, the source said.

In a country of 1.4 billion people, job fairs are one of the most efficient ways for employers and workers to connect. There will be more job seekers battling for offers this year." About 60% cited the "uncertain economic environment" as the main factor affecting their confidence, up from 48.4% in 2022. Policymakers are expected to aim for growth of about 5%, which would still be below the blistering pre-pandemic pace. ($1 = 6.8767 Chinese yuan renminbi)Additional reporting by Xiaoyu Yin Editing by Marius Zaharia and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

☆ The inventor of the web thinks everyone will have their own personal A.I. assistants like ChatGPT
▼ + stars: | 2023-02-17 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

Through their company Inrupt, Sir Tim Berners-Lee, the inventor of the World Wide Web, and John Bruce, are trying to change the future of the internet. Inrupt is a company they co-founded which aims to deliver the web inventors' original vision of the way the internet should work. Data will be stored in so-called "pods," which are basically a person's personal data online storage container. And the opportunity for individuals to take more command over their role on the web," Bruce told CNBC's Beyond The Valley. But Berners-Lee is keen to call the next generation of the internet Web 3.0, emphasizing the dot.

☆ We're married Delta pilots with two young kids. Here's how we've navigated our careers together and our top 10 travel tips for couples.
▼ + stars: | 2023-02-16 | by ( Hannah Towey | ) www.businessinsider.com time to read: +10 min

Delta pilots Brent and Kelly Knoblauch first met as interns in 2010. Kelly: Brent and I first met in 2010, when I was still in college at the University of North Dakota. And then I think almost a year to the day, Kelly was also hired as a pilot back at Delta. Being able to see what you're seeing, what you're hearing, what you're suspecting, and just being open about that. Kelly: It actually went really well.

☆ Wyoming Republicans are criticizing a child marriage bill that seeks to raise the legal age to 18. It's sponsored by one of their own party members.
▼ + stars: | 2023-02-12 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

A new bill seeks to set a minimum age of 18 with an exception for 16 and 17-year-olds. The Wyoming Republican Party sent an email Thursday raising "concerns about constitutional rights." The bill is sponsored by Rep. Dan Zwonitzer, a Republican, and would raise the state's legal marriage age to 18 years old. The Wyoming Republican Party did not immediately respond to a request for comment. Rep. Mike Yin, a Democrat, tweeted a copy of the Wyoming Republican Party email on Thursday and accused the group of wanting children to get married "full stop."

☆ China's Covid wave drives up consumer interest in insurance after health system shortfalls
▼ + stars: | 2023-01-26 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

For people planning to spend more on that health category, 47% said in December they intend to spend more on health insurance. "This experience is also driving increased interest in commercial health insurance which could cover access to premium private providers," Lipson said. Anecdotes depict a public health system overwhelmed with people at the height of the wave, and long wait times for ambulances. Some of the players in China's health insurance industry include Ping An , PICC and AIA . Hospital fundingHowever, one of the barriers to improving China's public health system is its fragmented financing system, according to Qingyue Meng, executive director at Peking University's China Center for Health Development Studies.

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