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☆ Analysis: Forex derivatives nudged out into the open as regulations increase costs
▼ + stars: | 2023-06-20 | by ( Laura Matthews | ) www.reuters.com time to read: +6 min

REUTERS/Dado Ruvic/IllustrationNEW YORK, June 20 (Reuters) - Foreign-exchange investors are moving more of their over-the-counter (OTC) derivatives trades to lookalike products on exchanges to avoid higher costs due to recent global regulations, helping inject transparency into a multitrillion-dollar market that is largely hidden from the public eye. The gradual behavioral change in FX derivatives trading is being caused by increasing margin and collateral costs, said Joe Midmore, chief commercial officer at OpenGamma, a derivatives analytics firm. OTC derivatives are privately negotiated contracts while cleared derivatives, though bilaterally negotiated, are booked with a clearinghouse such as a listed exchange. "They will also incur the operational, legal and custody costs of setting up margin facilities as well as the capital costs of posting margin," Houston said. "There is inherently risk involved in lots of people transacting derivatives with each other," said Riddle.

Persons: Dado Ruvic, Ben Feuer, Joe Midmore, ”, Michael Riddle, Paul Houston, Houston, ForexClear, James Pearson, Tom Arnold, Joe Spiro, Peter Vassallo, Riddle, Laura Matthews, Shankar Ramakrishnan, Megan Davies, Matthew Lewis Organizations: REUTERS, Societe Generale, Banking Supervision, International Organization of Securities Commissions, CME, CME Group, FX, Reuters Graphics British, Financial, ForexClear, BNP, Management, Thomson Locations: Saudi, New York, Hazeltree

☆ Microsoft, Activision CEOs on witness list for hearing on FTC bid to block merger
▼ + stars: | 2023-06-20 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The FTC is seeking a preliminary injunction to block Microsoft from completing its $69 billion acquisition of Activision Blizzard. The FTC has argued the transaction would give Microsoft's video game console Xbox exclusive access to Activision games, leaving Nintendo (7974.T) consoles and Sony Group Corp's (6758.T) PlayStation out in the cold. Microsoft's bid to acquire the "Call of Duty" video game maker was approved by the EU in May, but British competition authorities blocked the takeover in April. The FTC is calling Nadella to testify about the video game industry, Microsoft Gaming’s strategy and business and the planned Activision acquisition, while Microsoft is calling him to testify about similar topics. Also testifying are two executives from Nvidia Corp.Microsoft Chief Financial Officer Amy Hood, Microsoft Gaming CEO Phil Spencer and Microsoft Gaming CFO Tim Stuart are also scheduled to testify, as are a number of expert witnesses.

Persons: Satya Nadella, Bobby Kotick, Nadella, James Ryan, Dov Zimring, Amy Hood, Phil Spencer, Tim Stuart, David Shepardson, Chris Reese Organizations: Microsoft, Activision Blizzard, Federal Trade, FTC, Activision, Nintendo, Sony Group, EU, Sony Interactive Entertainment, Google, Nvidia Corp, Thomson

☆ A.I. human-voice clones are coming for the Amazon, Apple, Google audiobook
▼ + stars: | 2023-06-17 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +14 min

"For many publishers, audiobook production can be a major investment," said Judy Chang, director of product management for Google Play Books. Even with AI voice, there is nominally a voice actor somewhere in the process. What voice actors sayFor some voice actors, the choice is being made to stay away. Kinsella noted that AI voice played a foundational role in the integration of AI into daily life at an earlier point. But he added, "I've yet to find a client who tells me they've chosen an AI voice over hiring me.

Persons: Ciccarell, Ciccarelli, David Ciccarelli, Alexa, Judy Chang, It's, it's, Bret Kinsella, Brad Ziffer, Michele Cobb, Cobb, Siri, OpenAI's ChatGPT, Kinsella, … Siri, ChatGPT, Ziffer, Andrea Collins, Collins, John Kubin, I've, Kubin Organizations: Google, Apple, Audio Publishers Association, Alexa Locations: U.S

☆ An ETF focused on the 'moats' strategy of Warren Buffett is beating the market once again
▼ + stars: | 2023-06-16 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

An exchange traded fund built on an investing strategy popularized by Warren Buffett is proving its worth once again in 2023. The VanEck Morningstar Wide Moat ETF (MOAT) has a total return of more than 23% year to date, according to FactSet, handily beating the S & P 500 and enhancing an already stellar long-term track record. MOAT 5Y mountain The VanEck Morningstar Wide Moat ETF has been a long-term outperformer. The Vanguard Value ETF (VTV) and iShares Core S & P 500 ETF (IVV) were the top two funds of the week, each bringing in more than $2 billion. Several large short-term bond funds saw outflows this week, including Vanguard Short-Term Bond ETF (BSV) .

Persons: Warren Buffett, FactSet, Brandon Rakszawski, Rakszawski, It's Organizations: Morningstar, Adobe, Bond, Federal Locations: VanEck, outflows

☆ Dara Khosrowshahi says Uber wants to make it 'absolutely effortless' for drivers – and passengers – to go green
▼ + stars: | 2023-06-10 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Uber wants to make it "absolutely effortless" for drivers and riders to go green, CEO Dara Khosrowshahi said, adding that "everyone should be able to live a low emissions lifestyle. EV 'charging anxiety'Key to Uber's sustainability push is whether it can persuade more drivers to buy or rent EVs. Rider-emissions statistics, carsharing, and sustainable-food packagingIt's not just drivers that Uber is trying to incentivize to go green. Khosrowshahi added that Uber chose London for the launch because it's Uber's EV hub. Of the more than 60,000 Uber drivers using EVs across Europe and North America, over 10,000 were in London, he said.

Persons: Uber, Dara Khosrowshahi, Sachin Kansal, Uber's, Kansel, Kansal, Divya Dalapathi, Dalapathi, Green, Khosrowshahi Organizations: EV, Rider, Portland International, Phoenix Sky, Uber, London Locations: London, Canada, Boston, Toronto, Europe, North America

☆ I'm Zoom's new chief product officer. Here's how I got to the C-suite and my best tips for working moms who aspire to an executive role.
▼ + stars: | 2023-06-09 | by ( Robin Madell | ) www.businessinsider.com time to read: +7 min

Smita Hashim is the chief product officer at Zoom who has also held leadership positions at Microsoft and Google. I'm so glad I did — she gives me so much joy and I'm so glad I had her. Throughout my career, I've had a lot of diverse work experiences. I'm a huge believer in flexible work. I feel fortunate and grateful to be at Zoom and at the forefront of building products that are enabling flexible work for the world at large.

Persons: Smita Hashim, Hashim, it's, —, It's, There've, I've, I'm, flexibly, Jennifer Eum Organizations: Microsoft, Google, Service

☆ The chief design officer of Strava shares how she found the courage to speak up as a woman of color working in a male-dominated field
▼ + stars: | 2023-05-31 | by ( Josée Rose | ) www.businessinsider.com time to read: +13 min

Beyond working on brand and marketing design, product design, and research and content design, Butler strives to make the fitness website and app something for everyone. Combining her background in advertising, marketing, creative, and product design, she's at the forefront of Strava's user experience. There's about [several] functions that report to me: product design, brand design, content and copywriting, also content design and copywriting, design operations and then research. My team really works on the product experience — so the Strava app, iOS and Android, as well as our web-app experiences, desktop and mobile web. At Strava, when you're not in tech — like not product management, engineering, or product design — it seems like we're much better balanced.

Persons: Anita Patwardhan Butler, Butler, —, Strava's, she's, we're, we've, you've, Sephora, It's, Zipporah Allen, Brian Bell, I've, Linh Le Organizations: Service, Meta, Twitter, Strava, Facebook, Walmart, Hotwire, Sephora Locations: Big Tech, America, Sephora, Taiwanese, Strava, Mumbai, India, Nairobi

☆ Adobe's new AI Photoshop tool could save photographers hours of editing time by instantly extending images and adding new elements
▼ + stars: | 2023-05-24 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +4 min

Adobe has launched a generative AI tool into Photoshop for the first time. The tool is currently available to paying Photoshop users in a beta, and will be released to the public later this year. Adobe Photoshop is joining the generative artificial intelligence boom ignited by OpenAI's popular ChatGPT. Adobe's Firefly generative AI was trained on Adobe's own library of stock images, as well as other licensed and public domain images. AdobeThe new AI tools can quickly change the sky or add individual things like a tent, person, shooting star, or flying car Adobe

☆ Haven’t Checked Your Gmail in a While? Google May Delete Your Account.
▼ + stars: | 2023-05-17 | by ( Jesus Jiménez | ) www.nytimes.com time to read: +1 min

Starting in December, Google will begin deleting accounts that have not been used in at least two years as part of an effort to address security risks, the company said on Tuesday. The expunging of old accounts does not only mean losing access to Gmail. Work in Google Docs, Google Workspace, Google Photos and other Google products will also be wiped out, as will any videos that an affected user has uploaded to YouTube. Ruth Kricheli, the company’s vice president of product management, said in a statement announcing the new policy that the move was intended to protect users from security threats because accounts that had not been used for a while were more likely to be comprised. An internal analysis at Google found that abandoned accounts were much less likely than active accounts to have two-factor verification, an authentication method that helps to confirm a user’s identity, the company said.

☆ Google could delete your account — wiping Gmail and docs — if you haven't used it in 2 years. Here's what to know, and how to protect your data.
▼ + stars: | 2023-05-17 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Google said the move is a safety measure to prevent unused accounts from being hacked. But many Gmail users have records still of value, even if they may not log in to access them regularly. To preserve old data, Google also suggested measures like moving the account's contents using its "Takeout" feature, or emailing out valuable information and data to other active accounts. Earlier this month, Elon Musk said that unused Twitter accounts could be erased (though he also added they'd be archived). The move prompted criticism, including from those who'd hoped to preserve the Twitter accounts of deceased loved ones.

☆ Amazon just poached a longtime Meta veteran to lead its growing adtech division
▼ + stars: | 2023-05-04 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +2 min

Amazon Advertising has hired Kelly MacLean as its VP of its ad buying platform. MacLean, who joined Amazon late last month, previously spent more than 11 years at Meta. Amazon Advertising has poached a longtime Meta executive to lead a key adtech division, Insider has learned. The Amazon DSP uses automation to let advertisers buy ads on Amazon properties like Amazon.com, Twitch, and IMDb, as well as elsewhere on the web. The Amazon DSP recently underwent an overhaul that was 18 months in the making to improve its machine-learning and predictive algorithms.

☆ Tesla fans will stay loyal no matter what Elon Musk does
▼ + stars: | 2023-05-03 | by ( Alexa St. John | ) www.businessinsider.com time to read: +3 min

Tesla trumped all other automakers in terms of overall brand loyalty in a recent study. Tesla has been able to keep a loyal fanbase, but some say Elon Musk might not keep his lead forever. Tesla also won segment model loyalty awards, including luxury small utility for the Model Y, and luxury small car, for the Model 3. Still, that might only go so far as Tesla loses EV market share. Tesla held 65.4% of the EV market in 2022, according to Experian.

☆ 9 bits of wisdom that my mentors from PayPal, Facebook, and LinkedIn gave me that I still use today as a CEO
▼ + stars: | 2023-05-02 | by ( Deb Liu | ) www.businessinsider.com time to read: +15 min

Mentors can give us advice and guidance, helping us in ways that others, who are too close to the problem, never can. When I sought her advice, she didn't tell me where I should choose to go; instead, she gave me this kernel of wisdom. He advised me to defer my acceptance and try to get into business school instead. I was about to learn that the skills that make you a great individual contributor PM do not always make you a great manager. If you don't have a mentor, I highly recommend finding one (check out my last post on mentors for tips!).

☆ Inside LinkedIn's new push to use AI tools to amplify — not replace — creators' voices
▼ + stars: | 2023-04-28 | by ( Reed Alexander | ) www.businessinsider.com time to read: +8 min

LinkedIn sees potential for AI to amplify — not replace — creators' voices. Firmly of the view that artificial intelligence technology can augment and amplify those users' voices — not replace them — LinkedIn is eyeing opportunities in the burgeoning space. LinkedIn's collaborative articles begin with a thread generated with the help of AI, and then invite select users to contribute their perspective. Enter collaborative articles, which invited the several dozen teachers to offer up ideas like exhibiting "vulnerability" in the classroom. Think of these seminars like LinkedIn's version of Master Classes on topics like generative AI, machine learning with Python, and AI accountability.

☆ Blue-collar job openings have 'gone gangbusters'—workers aren’t finding them on LinkedIn
▼ + stars: | 2023-04-20 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +5 min

Currently, "Fry Cook," "Short Order Fry Cook" and "Fast Food Fry Cook" are all available as job titles on the platform. In 2015, LinkedIn cofounder Allen Blue told The Financial Times there was "a growing number of blue-collar workers on the site." Even so, blue-collar workers — those in trade sectors like construction who work outside of office settings — say they're not yet seeing the benefits in their job hunts. Courtesy of: Darren RamboRambo says he uses LinkedIn "to read or as something to look at when I'm bored. Sonja Wiltz, a 54-year-old construction safety coordinator, says, "All the years I've been on LinkedIn, I've never gotten a job on there."

☆ This fintech helps its users increase their future net worth by more than a $1 million through tax optimization. Here's the deck it used to raise its Series A.
▼ + stars: | 2023-04-19 | by ( Paige Hagy | ) www.businessinsider.com time to read: +3 min

Playbook used this 13-page pitch deck to raise a $7 million Series A. Playbook users create a personalized profile, and the startup calculates how much they could be saving. On average, the startup helps bump a user's future net worth by about $1.3 million, according to Hegarty. He's also appeared on Shark Tank with his app called Fixed, which helps users fight parking tickets. Read the 13-page pitch deck Playbook used to raise a $7 million Series A.

☆ Meta's latest layoffs: Here are more than a dozen jobs and teams hit most by this week's cuts
▼ + stars: | 2023-04-19 | by ( Kali Hays | Thomas Maxwell | ) www.businessinsider.com time to read: +5 min

On Wednesday, thousands of Meta workers received early morning emails on if they still had jobs. Meta began another round of layoffs on Wednesday, and employees were again left to figure out for themselves which jobs, levels, and teams were impacted by the cuts. How the layoffs happenedThousands of tech and engineering workers received emails over the course of about two hours on Wednesday morning. Laid off workers generally received 16 weeks of severance and benefits coverage for a year, as those laid off in November received. Impacted jobsHere is a running list of what types of jobs and certain teams at Meta were impacted by this round of layoffs.

☆ Here are the top 15 companies to work for in Singapore, according to LinkedIn — most are new on the list
▼ + stars: | 2023-04-18 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +4 min

The list of top companies in Singapore sees a huge reshuffle this year, which is a testament to "Singapore's strong business ecosystem," according to LinkedIn. LinkedIn has released its annual list of top companies in Singapore to work for — and banking and information technology companies dominated the 2023 list. The list of top companies also saw a huge reshuffle this year, which is a testament to "Singapore's strong business ecosystem," according to the professional networking platform. The banking and finance sector in particular, saw 4 companies in the top 5 on the "LinkedIn Top Companies 2023″ for Singapore. It provides financial products and banking services to individuals, corporations, governments, investors and institutions.

☆ Companies will have to scale up resources in trust and safety areas for A.I., says Rob Leathern
▼ + stars: | 2023-04-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCompanies will have to scale up resources in trust and safety areas for A.I., says Rob LeathernRob Leathern, former Google vice president of product management and former Meta senior director of product and business integrity, joins 'Squawk on the Street' to discuss A.I. regulation, the need for transparency in A.I. development, and more.

☆ Here's the 13-page pitch deck a fintech helping high-earning Gen Z and Millennials optimize their taxes used to raise a $7 million round
▼ + stars: | 2023-04-13 | by ( Paige Hagy | ) www.businessinsider.com time to read: +3 min

Playbook is a personal finance app for high-earning Gen Z and Millennials. Playbook used this 13-page pitch deck to raise a $7 million Series A. Playbook is a personal finance app for high-earning Gen Z and Millennials, meaning 25- to 45-year-olds with salaries above $100,000 and high disposable incomes. On average, the startup helps bump a user's future net worth by about $1.3 million, according to Hegarty. He's also appeared on Shark Tank with his app called Fixed, which helps users fight parking tickets.

☆ Snap hires Google ad executive to help improve ad performance
▼ + stars: | 2023-04-12 | by ( Sheila Dang | ) www.reuters.com time to read: +1 min

April 12 (Reuters) - Snap Inc (SNAP.N), owner of photo messaging app Snapchat, said on Wednesday it has hired a former Google executive to help the tech company improve the performance of its digital ads. Darshan Kantak, who previously led product management for search ads at Alphabet Inc's (GOOGL.O) Google, joins Snap as senior vice president of revenue product. Snap is rebuilding its ad sales team after two key leaders left for Netflix Inc last year. Last month, Snap hired Rob Wilk, a longtime Microsoft ad executive, to lead ad sales in the Americas region. Kantak will lead the teams that develop ad formats and also focus on improving how to measure and optimize the effectiveness of Snapchat ads, the company said.

☆ Here's what NFL 'Sunday Ticket' will cost through YouTube TV
▼ + stars: | 2023-04-11 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

For those who already subscribe to YouTube TV, which costs $72.99 a month, the base "Sunday Ticket" package will cost an additional $349 for the season. And though you can bypass the YouTube TV subscription and still snag Sunday Ticket, it will come at a cost. YouTube TV became the newest home of the Sunday Ticket package in December, in a deal that will see the tech giant shell out roughly $2 billion annually for the rights, CNBC previously reported. There was a real opportunity to price this in a smart way, and we worked really closely with the NFL," Oestlien said. The package cost $79.99 a month for the base option, or $149.99 a month for extra features, on top of a DirecTV subscription.

☆ We're identical twins who interned at Microsoft and absolutely loved our experience. Here's what our internships were like.
▼ + stars: | 2023-04-06 | by ( Jenna Gyimesi | ) www.businessinsider.com time to read: +10 min

For our internships, we worked in-person in Seattle, then both moved on to full-time roles as lead product managers at Microsoft. We already had a decent amount of experience before we interned at Microsoft: Mark had interned for companies like Apple, and Andrew with Apple and Tesla. Mark and Andrew AnsellLet's start with the fun thingsEvery year Microsoft has an intern day. I think they purposefully give interns a lot of independence because full-time work at Microsoft requires the same sort of self-guidance. Microsoft truly has one of the best work cultures in our experience and we recommend the company to anyone.

☆ What Is a Money Market Fund?
▼ + stars: | 2023-04-04 | by ( ) www.wsj.com time to read: +11 min

“Money market funds have become a much more interesting place,” says Jay McLaughlin, institutional sales manager for iMoneyNet, a research firm that follows the money market fund industry. How money market funds workThe first thing for investors to understand is that money market funds are mutual funds, not bank accounts. Municipal money market fundsMunicipal money market funds appeal to many high-income investors because of their tax-exempt nature. One popular muni money market fund is the $17 billion Vanguard Municipal money market Fund (VMSXX) and its current 7-day yield of 2.65%—a yield which on its face is lower than other fund types, but after taxes are considered, can actually be higher for some investors. How to get the best money market fund ratesTypically your stock trading platform may have a default money market fund for its clients, established at your initial sign-up, as a kind of placeholder to keep your cash.

☆ Leaked org chart shows the 15 most important leaders in Google's AI division as it races to catch Microsoft
▼ + stars: | 2023-03-30 | by ( Hugh Langley | ) www.businessinsider.com time to read: +4 min

Central to those efforts is its Research and AI group, led by senior vice president Jeff Dean. An internal org chart seen by Insider shows the 14 other leaders under Dean who drive Google's efforts to catch the sudden success of OpenAI. Jeff Dean, senior vice president, Google AI Thomas Samson/Getty ImagesReporting directly to Dean is Eli Collins, a VP leading work on Google's ChatGPT competitor, Bard. Collins also works on AI Test Kitchen, an app that gives select users access to some of Google's latest AI demos. Jay Yagnik, VP of research, oversees the biggest number of employees within Dean's organization.

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