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☆ The Fed can save the stock market if a recession hits. Experts explain how far the central bank will go with rate hikes – and when it could reverse course.
▼ + stars: | 2022-09-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

As of yesterday, the federal funds rate is now in a range of 3.0% to 3.25% after a third consecutive 75-basis-point rate hike and the fifth increase of the year. But should the unemployment rate rise and company earnings fall enough to kick off a deep recession, a markets-friendly central bank could emerge over the next year, according to Kolanovic. In his view, a Fed pivot won't materialize until the unemployment rate gets closer to 5%. How does the Fed's third outsized rate hike impact your outlook for the economy and for your portfolio? US stock futures struggled for direction early Thursday, as the odds of a soft economic landing dwindled following the Fed's rate hike Wednesday.

☆ The executive running Oracle's tattered marketing group, called 'the hatchet man' by some employees, is tasked with cutting costs, insiders say
▼ + stars: | 2022-08-26 | by ( Belle Lin | Ryan Joe | ) www.businessinsider.com time to read: +10 min

Oracle's marketing team "imploded" following layoffs and the departure of its CMO this summer. A source told Insider that means salespeople will be selling products to sectors they never had before, including healthcare, which is now a key focus with Cerner. Plus, products like Oracle's cloud infrastructure face competition from tech giants like Amazon, making marketing a key lever in that fight. That morning, nearly 50% of some marketing groups received phone calls that they were being laid off, including Kelman's senior staff, multiple sources told Insider. Oracle's marketing structure, as it once was, is gone.

☆ This 41-year-old left the U.S. for Bangkok and lives a 'luxurious lifestyle' on $8,000 a month
▼ + stars: | 2022-08-06 | by ( Morgan Smith | ) www.cnbc.com time to read: +6 min

"The quality of life in Thailand compared to the United States, is much better for 90% of things and more stress-free," he says. When he first moved to Panama, Schoberg brought the web design and development firm he established in the U.S. — and his list of clients — with him. "I knew right away that Bangkok was going to be my Panama City 2.0." "Bangkok has an amazing culinary scene, you have pretty much every type of food in the world here," Schoberg says. "You've got the street-level city, which is your food vendors, people running to work, taxis and motorbikes," he says.

☆ Nike and Adidas veterans reveal how to get your foot in the door in the sneaker industry
▼ + stars: | 2022-03-04 | by ( Matthew Kish | ) www.businessinsider.com time to read: +8 min

Jobs in the sneaker industry are highly coveted, but it's possible to get a foot in the door. In 2010, shortly before he left Nike, Edwards founded what's become Pensole Lewis College. More than 500 Pensole alums work in the industry, including at Nike and its Jordan brand. "It's extremely competitive," said Bimma Williams, a veteran of Nike, Adidas, and Saucony. In 2011, Sean Williams (no relation to Bimma) and Dee Wells of Obsessive Sneaker Disorder launched SOLEcial Studies, an educational program about the sneaker industry for high-school and college students.

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