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☆ Tech companies like Amazon and Meta are warning of tough times ahead — and only some are prepared
▼ + stars: | 2022-10-30 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +6 min

While Apple is a "bright spot," Meta, Alphabet, and others are in for a tough few months, analysts say. All signs point to choppy waters ahead — for tech giants, the people they employ, and the users they serve. So, if things are getting bad, how are the big tech companies likely to fare? AppleApple is in the best shape, a "bright spot" amid otherwise grim big tech earnings, Wedbush analyst Dan Ives wrote in a note. Goldman Sachs analysts wrote in a note Tuesday that there's potential for a rebound next year.

☆ Meet 11 adtech companies helping marketers like Nordstrom and P&G supercharge their ads on TikTok
▼ + stars: | 2022-10-26 | by ( Lindsay Rittenhouse | Elizabeth Pham Janowski | ) www.businessinsider.com time to read: +1 min

Insider identified 11 adtech companies helping marketers develop their TikTok strategies. While brand marketers initially flocked to TikTok to grow awareness among Gen Z, they're increasingly seeing TikTok ads drive sales, especially with the popularity of the "TikTok Made Me Buy It" phenomenon. Adtech and marketing tech companies have seized this opportunity and are introducing new products to help marketers succeed on TikTok, whether that's making their TikTok ads perform better, making those ads easier to create, or identifying which influencers are best for a given brand to work with. "A good TikTok adtech company is one that helps realize the fact that, because of data deprecation, creative is the new audience targeting," he said. Insider identified 11 adtech companies helping marketers make their TikTok ad campaigns easier to create and execute, based on conversations with advertisers, analysts, and investment bankers.

☆ UK regulator's head of enforcement to step down in 2023
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: 1 min

LONDON, Oct 18 (Reuters) - Mark Steward, head of enforcement at Britain's Financial Conduct Authority (FCA), is stepping down early next year, the markets watchdog said on Tuesday. The FCA said it would begin a global search for his successor shortly. "Mark has brought his formidable experience as a regulator and as a litigator to the FCA, delivering significant enforcement cases across a broad spectrum, as well as the FCA’s data-led approach to market oversight," said FCA Chief Executive Nikhil Rathi. Steward, who said it had been "a privilege to serve the FCA throughout many challenges over the last seven years", joined the watchdog in 2015. Register now for FREE unlimited access to Reuters.com RegisterReporting by Kirstin Ridley and Carolyn Cohn Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ Britain's markets watchdog ups curbs on retail investment firms
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 18 (Reuters) - Britain's markets watchdog curbed activities of twice as many consumer investment firms in the last financial year as the previous year, it said on Tuesday, as it seeks to clamp down on poor financial advice and scams. It also stopped the UK operations of 16 contracts for difference providers where it suspected scams, or where consumers were encouraged to trade excessively to generate revenue. Without FCA action, consumers could have lost around 100 million pounds ($114.28 million) a year, the watchdog said. The FCA said it published more than 1,800 consumer alerts about unauthorised firms or individuals last year, 40% more than the previous year. ($1 = 0.8750 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by Carolyn Cohn and Kirstin Ridley; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ Britain warns of tighter rules for crisis-hit LDI funds
▼ + stars: | 2022-10-12 | by ( Huw Jones | ) www.reuters.com time to read: +3 min

The FCA regulates asset managers who sell and run LDI strategies, while TPR regulates pension funds. The BoE oversees banks, some of which are part of the LDI chain. LDI is a popular product sold by asset managers to pension funds, using derivatives to help them match assets with liabilities so there is no risk of a shortfall in money to pay pensioners. Pension funds struggled to come up with higher collateral calls to back the derivatives used in the strategy, forcing the BoE to intervene in the gilts market. Given many LDI funds are listed in Dublin or Luxembourg, the European Union would also need to make reforms to implement such requirements.

☆ Treasury Lays Groundwork for Ownership Registry, but Questions Remain
▼ + stars: | 2022-10-07 | by ( Dylan Tokar | ) www.wsj.com time to read: +5 min

Providing ExemptionsAnother key issue addressed by FinCEN’s rule relates to which companies will have to submit beneficial ownership information. Lawmakers reasoned that ownership information for such companies already would be readily available, but the large carve-outs have sparked questions from some quarters. They will be given 30 days to report beneficial ownership information. The road aheadFinCEN’s work establishing the beneficial ownership database is far from done. The beneficial ownership law requires companies to certify their reports are accurate and imposes penalties for people who willfully provide false information.

Britain's Queen Elizabeth II inspects a guard of honor at the Presidential palace in New Delhi during her visit to India in 1997. Queen Elizabeth II meets Indian Prime Minister Narendra Modi at Buckingham Palace in London, England in 2015. “If you don’t see people mourning the death of Queen Elizabeth in India, (it is) because she doesn’t have that connection with the new generation of Indians,” Ravi Mishra said. Queen Elizabeth II meets Indira Gandhi at Hyderabad House in Delhi, India, in 1983. The proposition before this house is the principle of owing reparations … the question is: is there a debt?… As far as I’m concerned, the ability to acknowledge a wrong that has been done, to simply say sorry, will go a far, far, far longer way than some percentage of GDP in the form of aid,” Tharoor said.

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