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☆ Enjoy your Airbnb — just don’t forget to do the laundry and take out the trash
▼ + stars: | 2022-09-22 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

Airbnb hosts say there are two reasons for the higher fees and the chore demands: Covid-19 raised sanitation requirements, and — you guessed it — inflation. Airbnb allows hosts to set their own rates and encourages them to avoid cleaning fees if possible. BOTTOM LINEThe social media outrage about cleaning fees and chores is certainly a PR headache for Airbnb, but it’s far from a crisis. Plus, Jon speaks to Redfin’s Chief Economist Daryl Fairweather about what homebuyers need to know about mortgage rates. ), but mortgage rates may keep going up as long as the Fed keeps raising interest rates.

☆ Twitch to Ban Users From Streaming Unlicensed Gambling Content
▼ + stars: | 2022-09-21 | by ( Allison Prang | ) www.wsj.com time to read: 1 min

Twitch said it would ban users from streaming unlicensed gambling content on its platform in an effort aimed at protecting its users. The streaming platform, which is owned by Amazon.com Inc., said it won’t allow live streaming gambling sites that are only licensed in countries that don’t have enough protection for consumers. Twitch cited sites such as Stake.com, Rollbit.com, Duelbits.com and Roobet.com that it will ban from its platform, noting it may identify others as well.

☆ Kittyhawk, Google Co-Founder Larry Page’s Air Taxi Startup, Is Winding Down
▼ + stars: | 2022-09-21 | by ( Allison Prang | Andrew Tangel | ) www.wsj.com time to read: 1 min

Kittyhawk, a startup backed by Google co-founder Larry Page that was working on developing air taxis, said it is winding down its business. “We’re still working on the details of what’s next,” the company said Wednesday in a two-sentence post on LinkedIn.

☆ Inconsistent Fall Foliage Leaves Travelers Guessing on Finding Peak Colors
▼ + stars: | 2022-09-21 | by ( Allison Pohle | ) www.wsj.com time to read: 1 min

Booking a trip to New England to catch the vibrant reds and golds of peak fall foliage could be tough this season. This year, drought conditions across much of the country, followed by recent rains in the Northeast, have complicated timing for trips, scientists and veteran leaf peepers say. Invasive species drawn to trees made vulnerable by drought are also damaging leaves in some areas. In Maine, some trees are turning earlier than usual, while prior drought conditions in New York are pointing to a shorter foliage season, according to state departments of conservation.

☆ FDA Warns Against Cooking Chicken in NyQuil. For Real.
▼ + stars: | 2022-09-21 | by ( Allison Prang | ) www.wsj.com time to read: 1 min

The Food and Drug Administration is warning people against social-media challenges involving medicines, such as cooking chicken in NyQuil. The Food and Drug Administration is warning people not to abuse nonprescription drugs as part of social-media challenges, including cooking chicken in NyQuil. The regulator issued a warning cautioning the public that social-media challenges where people misuse nonprescription medications can be dangerous or even fatal. It pointed to a recent challenge where people cook chicken in NyQuil or similar medications.

☆ Jay Powell just went full Volcker
▼ + stars: | 2022-09-21 | by ( Allison Morrow | ) edition.cnn.com time to read: +10 min

But in just a few months, that sizable jump has become the norm, and it’s almost certainly sealed Jay Powell’s status as the Paul Volcker of the 2020s. “Chair Powell just announced another extreme interest rate hike while forecasting higher unemployment,” Warren tweeted. Bottom line: Powell continues to draw from the Volcker playbook, which means he’s unlikely to waver on the Fed’s target rate of 2% inflation, lest the central bank’s credibility take another blow. Only time will tell whether that 40-plus-year-old playbook still applies in an economy that’s fundamentally different from the one Volcker confronted. Trump also lied about the square footage of his Trump Tower triplex apartment to inflate the value at over $300 million, James alleges.

☆ Fall Colors Become More of a Guessing Game for Foliage Lovers
▼ + stars: | 2022-09-20 | by ( Allison Pohle | ) www.wsj.com time to read: 1 min

☆ An Anti-ESG Activist Investor Presses for Changes at Apple and Disney
▼ + stars: | 2022-09-20 | by ( Allison Prang | ) www.wsj.com time to read: 1 min

An activist investor who has been a sharp critic of so-called environmental, social and governance, or ESG, investing is urging Apple Inc. and Walt Disney Co. to not engage in political discussions and to make employment decisions without taking into account traits like race, sex or political opinions. Vivek Ramaswamy , who recently launched Strive Asset Management, said Disney should no longer take public positions on political issues that aren’t related to the company’s core business. The letter cited how Disney Chief Executive Bob Chapek took a stance on Florida’s parental rights in education bill.

☆ Beyond Meat executive arrested on suspicion of biting a man’s nose
▼ + stars: | 2022-09-20 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

New York CNN Business —The chief operating officer of vegan food purveyor Beyond Meat was arrested over the weekend after allegedly biting a man’s nose during a fight following an Arkansas football game. Police arrested company COO Doug Ramsey on charges of terroristic threatening and third-degree battery on Saturday. Ramsey joined Beyond Meat in December last year, pivoting from a three-decade career at Tyson Foods. Beyond Meat had been a market leader in the plant-based meat space, alongside rival Impossible Foods. The price of Beyond’s “beef” sells for $8.35 a pound, compared with USDA ground beef, which sells for $4.90.

☆ The ‘Cost’ of Voting in America: A Look at Where It’s Easiest and Hardest
▼ + stars: | 2022-09-20 | by ( Nick Corasaniti | Allison Mccann | ) www.nytimes.com time to read: +13 min

Researchers focused on 10 categories related to voting, including registration, inconvenience, early voting, polling hours and absentee voting. The state also stopped using special voting deputies, officials whose tasks had sometimes included conducting voter registration drives, according to the study. To assess the voting laws passed after the 2020 election, this year’s Cost of Voting Index study added new categories and scoring. While the political debate surrounding new election laws has centered on ballots and the voting process, the Cost of Voting Index also gives heavy weight to the ease of voter registration. States rank higher in the index if they allow voter registration drives, provide automatic voter registration, offer same-day registration and maintain longer periods in which to register.

☆ Analysis: An elite Wall Street bank gets a $35 million lesson: Just call tech support
▼ + stars: | 2022-09-20 | by ( Analysis Allison Morrow | Cnn Business | ) edition.cnn.com time to read: +5 min

Here's the deal: Morgan Stanley just got slapped with a $35 million fine for "astonishing" failures that led to the mishandling of sensitive data on some 15 million customers, my colleague Matt Egan writes. Eventually, the devices, still loaded up with sensitive data, wound up on an auction site. "If not properly safeguarded, this sensitive information can end up in the wrong hands and have disastrous consequences for investors." Morgan Stanley agreed to pay the fine without admitting or denying the findings in the settlement. "We have previously notified applicable clients regarding these matters, which occurred several years ago, and have not detected any unauthorized access to, or misuse of, personal client information," Morgan Stanley said in a statement.

☆ Much of Puerto Rico Is Without Power as Hurricane Fiona Spreads to Dominican Republic
▼ + stars: | 2022-09-19 | by ( Allison Prang | ) www.wsj.com time to read: 1 min

Hurricane Fiona has knocked out power for much of Puerto Rico and caused overflowing rivers and flash floods. Weather officials warned Puerto Rico could see landslides and mudslides amid life-threatening rain stemming from Hurricane Fiona, which has knocked out power for much of the island and prompted overflowing rivers and flash floods. The National Weather Service in San Juan on Monday pressed residents to move to higher ground immediately, noting that heavy rainfall would “only aggravate the current situation,” particularly for the southern and western half of Puerto Rico.

BusinessThe obstacle course around space launches, staff shortages and severe weather jams up airspace over some of the most popular vacation spots in the U.S.—and cascades problems across the rest of the country. “It’s been a cluster and a half.”

☆ Most of Puerto Rico Is Without Power as Hurricane Fiona Ripples Through the Caribbean
▼ + stars: | 2022-09-19 | by ( Allison Prang | Arian Campo-Flores | ) www.wsj.com time to read: 1 min

Weather officials warned Puerto Rico could see landslides and mudslides amid life-threatening rain stemming from Hurricane Fiona, which has knocked out power for much of the island and prompted overflowing rivers and flash floods. The National Weather Service in San Juan on Monday pressed residents to move to higher ground immediately, noting that heavy rainfall would “only aggravate the current situation,” particularly for the southern and western half of Puerto Rico.

☆ Wall Street is on a knife’s edge until Jay Powell speaks
▼ + stars: | 2022-09-19 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

Financial markets are on a knife’s edge, and have been for weeks, as they await word from the central bank on how much monetary tightening to expect. On Monday, Wall Street vacillated between slight gains and losses, effectively in a holding pattern while investors awaited word from the Silver Fox himself, Mr. Federal Reserve Chairman Jerome Hayden Powell. Fed Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee in July. Of course, emoticons became emoji (style note: the plural of emoji is emoji), and our text conversations added a new layer of meaning. Like, check this out:OK, fine 😂OK, fine 😔OK, fine 🙃OK, fine 🙄…You get the idea.

☆ Wall Street is on a knife's edge until Jay Powell speaks
▼ + stars: | 2022-09-19 | by ( Analysis Allison Morrow | Cnn Business | ) edition.cnn.com time to read: +7 min

Financial markets are on a knife's edge, and have been for weeks, as they await word from the central bank on how much monetary tightening to expect. On Monday, Wall Street vacillated between slight gains and losses , effectively in a holding pattern while investors awaited word from the Silver Fox himself, Mr. Federal Reserve Chairman Jerome Hayden Powell. Fed Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee in July. Of course, emoticons became emoji (style note: the plural of emoji is emoji), and our text conversations added a new layer of meaning. Like, check this out:OK, fine 😂OK, fine 😔OK, fine 🙃OK, fine 🙄...You get the idea.

☆ An Indian tycoon just ousted Jeff Bezos as world's second-richest person
▼ + stars: | 2022-09-16 | by ( Allison Morrow | Cnn Business | ) edition.cnn.com time to read: +1 min

New York (CNN Business) Jeff Bezos just lost his status as the world's second-richest person, dropping to No. 3 as Indian business mogul Gautam Adani rapidly climbs the ranks of Bloomberg's Billionaire Index. 1 wealthiest person with $260 billion to his name, may need to watch his back. It's the first time a person from Asia has ranked so highly on Bloomberg's list, which has long been dominated by white tech entrepreneurs. Adani's $146.9 billion fortune, largely tied up in holdings of his sprawling Adani Group conglomerate, still trails well behind Musk's $260 billion.

☆ Indian tycoon Gautam Adani just booted Jeff Bezos as world's second-richest person
▼ + stars: | 2022-09-16 | by ( Allison Morrow | ) edition.cnn.com time to read: 1 min

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The company can sell existing Yeezy Gap stocks until the sell-off period, the letter said. West, known as Ye, in 2020 signed a 10-year deal with Gap to create a line of clothing under the Yeezy Gap brand. 1/2 Rapper Kanye West talks on the phone before attending the Versace presentation in New York, U.S. December 2, 2018. Ties between West and Gap have been increasingly strained recently. Gap has been struggling to protect margins and pull in sales, blaming inflation and outdated styles at its Old Navy brand.

☆ Why celebrities are so interested in the unglamorous world of private equity
▼ + stars: | 2022-09-07 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

Now she’s entering the secretive, not-so-pretty world of private equity, aka the land of “vulture capitalists.”Here’s the deal: Kim K is partnering with Jay Sammons, a former executive with Carlyle Group, to launch SKKY Partners, a private equity firm that plans to invest in areas such as consumer products, hospitality, luxury, digital commerce and media. “If I was a celebrity, I would jump in and start a private equity fund,” Hooke says. First up, the iPhone 14 (yes, 14! The iPhone 14 will start at $799, the same starting price as last year’s iPhone 13. The larger iPhone 14 Plus model will start at $899.

☆ Meta's problem is that the metaverse is supremely uncool
▼ + stars: | 2022-08-25 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

The biggest problem: It just doesn’t look cool. To get into the metaverse in the first place, you first have to strap on a bulky headset like Meta’s $400 Quest device. VR avatars also need to respond in real time to the ways we move our faces and bodies, which requires powerful computing and graphics processing. Still, FedEx Ground is refusing to offer the kind of across-the-board financial relief to its contractors that Patton and others are seeking. “We recognize that current economic conditions are posing new challenges,” FedEx Ground said in a statement.

☆ ‘Chaos and Confusion’ in States Where Abortion Is On Again, Off Again
▼ + stars: | 2022-08-11 | by ( Allison Mccann | ) www.nytimes.com time to read: +12 min

In some of these states, whether abortion is legal has changed from week to week. The state’s trigger ban has been blocked and reinstated three times in the course of six weeks. On July 14, a federal judge lifted an injunction on Kentucky’s 15-week abortion ban, allowing it to take effect. On July 14, a federal judge lifted an injunction on Kentucky’s 15-week abortion ban, allowing it to take effect. But even though abortion remained legal in those states, providers said that patients and medical professionals did not always know what was going on.

☆ 6 takeaways from the massive debate about the SEC's proposed new climate rule
▼ + stars: | 2022-07-12 | by ( Drake Baer | ) www.businessinsider.com time to read: +7 min

Gary Gensler, the chair of the SEC, told Insider the proposed plan is to make environmental, social, and governance, or ESG, reporting more formalized. The most popular is TCFD, a set of letters you should get used to if you're interested in climate policy. The task force developed its own set of international recommendations for climate reporting, with "core recommendations" centered around governance, strategy, risk management, and metrics and targets. How synced should ESG reporting be with preexisting quarterly and annual reports? "We believe ESG reporting will mature far more quickly but needs to follow a similar path."

About 100 experiments are in progress worldwide, examining psychedelics' potential as medicines. Insider identified 19 key trials that could make or break the psychedelics industry's future. About 100 clinical trials are underway worldwide, examining the potential of psychedelics as treatments for health conditions, including post-traumatic stress disorder, severe depression, and anorexia. Phase III trials test the compounds in larger numbers of people with the condition. Companies use information from their Phase II studies to design Phase III trials and persuade the regulator to OK the design.

☆ 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.

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