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☆ Who Is E. Jean Carroll, the Writer Accusing Donald Trump of Rape?
▼ + stars: | 2023-04-25 | by ( Lola Fadulu | ) www.nytimes.com time to read: 1 min

E. Jean Carroll is a writer and a former columnist for Elle magazine who doled out sex, career and other advice for more than 20 years. The author, 79, grew up as Betty Jean Carroll in Indiana. She attended Indiana University, where she was crowned Miss Indiana University in 1963. Ms. Carroll had long thought of herself as a writer; she once told USA Today that she sent pitches to magazines when she was 12 years old. Ms. Carroll also wrote for Rolling Stone and Playboy, where she was the first female contributing editor.

CAIRO, April 21 (Reuters) - There are some aspirational prizes being doled out to winners of Ramadan tournaments in Egypt this week, with a team decked out in Liverpool's kit being awarded England's Premier League trophy for their success -- while another is set to receive UEFA Champions League silverware. The losers were presented with a replica of the African Champions League trophy for their efforts. "I bought the two cups from a friend who owns a sportswear store for two thousand Egyptian pounds ($65)," Ibrahim Abdel Salam, one of the organising committee, told Reuters. "There are two artificial turf courts, but we prefer the dirt court," Abdel Salam said. Meanwhile in El-Beheira governorate the European Champions League trophy appeared up for grabs.

☆ Internal guidelines show how Amazon wants managers to address employee concerns about pay as the value of its stock awards crumbles
▼ + stars: | 2023-04-18 | by ( Eugene Kim | ) www.businessinsider.com time to read: +8 min

Amazon employees have lost more than 30% on stock awards they got last year. Even CEO Andy Jassy saw his 2022 realized compensation drop 25% because of the stock price decline. Amazon wants its managers to stress the "long-term" value of stock and "ownership" of work during annual employee compensation reviews that started earlier this month. That price is based on a 30-day trailing average stock price. If an employee disagrees with their pay, managers are to have an "open discussion" and determine whether an adjustment is necessary.

☆ A baby boomer who quit his 6-figure job rather than return to the office says managers are threatened by remote work and just want people back so they can see them working
▼ + stars: | 2023-04-16 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

In 2018, higher-ups at his job handed a day of remote work out as a reward. But as 2020 rolled in and sent everyone home, he discovered he loved full-time remote work even more. He loved remote work for the same reasons he thinks other people do: more time to concentrate, and fewer meetings. But remote work also calls into question the purpose of a boss, he said. "I think a lot of people that have exposure to remote work will say, 'Hey, that worked,'" Dennis said.

☆ Here's how Jim Cramer thinks the banking crisis will impact the consumer
▼ + stars: | 2023-04-03 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

While Federal Reserve interest rate hikes may have slowed, the economic downturn they could have brought on is still possible, CNBC's Jim Cramer said on "Mad Money" on Monday. That's because the banking crisis that began with Silicon Valley Bank could very well "hasten the downturn that never seemed able to get off the ground," Cramer said. Rather, it'll show up in how consumers and small businesses alike are able to obtain credit, he said. And for travelers, it might mean Yellowstone instead of a bonanza overseas trip, Cramer said. But the consumer is most likely to feel the sting at home, at the dealership and when they're planning their vacations, he said.

The Biden administration and CFIUS are pushing for a sale of TikTok in the US. The Chinese government could also block a TikTok sale outright before bidding kicks off. But the list of companies that would actually consider buying TikTok is small, experts told Insider. "I think Microsoft would be one of the only big money, big company possibilities." Ultimately, separating TikTok's US operations, whether in a sale to a big tech firm or a spin off, is complicated.

☆ Relax, SVB's implosion is nothing like the 2008 financial crisis, and the economy will be fine
▼ + stars: | 2023-03-13 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

But it's not a repeat of the 2008 financial crisis, when the government stepped in to support the US banking system. In recent days, many have drawn comparisons to the 2008 financial crisis, when the federal government doled out roughly $200 billion to hundreds of banks to support the US banking system. The size of SVB's bank failure has only been surpassed once in American history — by Washington Mutual when it collapsed in 2008. While the economy and markets aren't the same thing, a struggling market can be a negative leading indicator for a weakening economy. If the US economy does enter a recession as some experts expect, SVB's failure is unlikely to be the reason why.

A deeper look at the company's billing practices revealed what appeared to be Medicare fraud, Pérez Aybar said. Fraud flourishesThat's just one of thousands of examples of how Medicare fraud is flourishing — not only in south Florida, but across the country. Taxpayers are losing more than $100 billion a year to Medicare and Medicaid fraud, according to estimates from the National Health Care Anti-Fraud Association. This convicted felon says Medicare and Medicaid fraud is "very easy" to get away with. The same pills could be sold and resold multiple times with different phony patients, billing Medicare each time.

☆ Former monk Jay Shetty says ‘most successful, productive people don’t use to-do lists’—what he does instead
▼ + stars: | 2023-03-03 | by ( Natasha Piñon | ) www.cnbc.com time to read: +2 min

Jay Shetty, a former monk turned life coach, doesn't like to-do lists. "Most successful and productive people don't even use to-do lists," Shetty said on a recent episode of his "On Purpose" podcast. Timeboxing is when you move your to-do list into a calendar form, giving each task an allotted amount of time. That's far-cry from to-do lists, which are essentially the productivity equivalent of an infinite scroll. "Even if you ticked everything off your to-do list, there's always more to do and it feels overwhelming," Shetty said.

Review: Is the Wells Fargo Active Cash Card the Best Credit Card for You? How to Earn Cash Rewards With the Wells Fargo Active Cash CardThe Wells Fargo Active Cash® Card offers 2% cash rewards on purchases with no rewards category limitations or quarterly activation. How to Redeem Rewards From the Wells Fargo Active Cash Credit CardRewards earned with the Wells Fargo Active Cash® Card belong in the Wells Fargo Rewards program, which means you can redeem them in several ways. However, you should note that a few of the redemption options available are only for Wells Fargo customers, including payments to Wells Fargo loan products and cash rewards at a Wells Fargo ATM. Wells Fargo Active Cash Card Benefits and FeaturesThe Wells Fargo Active Cash® Card comes with decent benefits for a no-annual-fee card.

☆ Robinhood’s stock awards tell a cautionary fable
▼ + stars: | 2023-02-22 | by ( John Foley | ) www.reuters.com time to read: +7 min

The now-abandoned payouts to Tenev and Bhatt were a slab of “market-based restricted stock units” distributed ahead of Robinhood’s initial public offering in July 2021. The system works in reverse, too, however: When executives give back stock awards, the company gains nothing in cash terms. U.S. accounting rules treat stock awards geared to a company’s stock price as a gift that cannot be returned. In short, by handing back their awards, Robinhood’s founders have neither robbed from themselves, nor given to anyone else. Even without this unhappy effect on earnings, shareholders should be wary of the kinds of awards Robinhood doled out at its public company debut.

☆ Jim Cramer's Investing Club meeting Monday: Caterpillar, Estee Lauder, Salesforce
▼ + stars: | 2023-02-13 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. (Jim Cramer's Charitable Trust is long CAT, EL & CRM. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Earn 6x Hilton Honors Points on business purchases at U.S. gas stations, shipping providers, and wireless phone services purchased directly from service providers. Earn 6x Hilton Honors Points on select travel purchases at U.S. restaurants, flights, and car rentals. Earn 6x Hilton Honors Points on select travel purchases at U.S. restaurants, flights, and car rentals. Details Rewards Earn 12x Hilton Honors Points at Hilton per dollar for purchases made directly with hotels and resorts in the Hilton portfolio. Enjoy complimentary Hilton Honors Gold Status with your Hilton Honors Business Card.

☆ Snap cuts more costs by replacing employee performance bonuses, long a cornerstone of tech pay
▼ + stars: | 2023-02-07 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

Snap is moving to replace its cash performance bonuses with a more limited potential pay increase. Snap will change its employee performance bonus system as the company continues to reduce costs amid struggles with profitability. For many years, Snap employees could receive an annual cash bonus equal to 10% of their base salary after performance reviews. Moving away from a cash performance bonus, however, is rare, even as guaranteed grants of stock in compensation packages become more costly for companies. A performance bonus can range from 5% to 20% of a person's base salary at major tech firms, according to data from tech compensation database Levels.fyi.

☆ Here’s our February rapid-fire update on all 34 stocks in Jim Cramer’s Investing Club portfolio
▼ + stars: | 2023-02-05 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +12 min

Here's a rapid-fire update on all 34 stocks in Jim Cramer's Charitable Trust, the holdings we manage in the CNBC Investing Club. J & J is a good stock to get into ahead of the impending split into two companies: consumer brands and pharma/medical technology. The company reported a good quarter and guidance, while fundamentals are solid ahead of the split. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Elon Musk said he's getting rid of the 'legacy' Twitter Blue badge, the longtime free verification for labeling famous and notable users
▼ + stars: | 2023-02-03 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Elon Musk tweeted Friday that legacy Twitter Blue would soon be sunset. Susan Walsh/APElon Musk tweeted Friday that legacy Twitter Blue, which he calls Blue Verified, will soon be sunset. Until now, the platform allowed people with "free" blue checks under Twitter's old verification system to keep them. That meant that blue checks wouldn't just go freely to notable figures to denote their authenticity, but to anyone who paid a monthly fee for Twitter Blue. But some key questions remain: What will happen to notable figures who fail to pay for Twitter Blue?

☆ A Mexico soccer icon entered politics. Prosecutors say narcos followed
▼ + stars: | 2023-02-03 | by ( Cuernavaca | ) www.reuters.com time to read: +27 min

Regional politicians, officials and military officers gathered in the Morelos state capital of Cuernavaca for breakfast in February 2022 to mark Mexico’s annual Army day. Mexican drug lords have a long tradition of buying off politicians in exchange for government protection of their illicit trade. Attempts to reach two of the alleged drug traffickers in the photo – Figueroa and Irving Solano Vera – were unsuccessful. Prosecutors in April asked the Morelos state congress to impeach Blanco so that he could be stripped of that shield. “He likes me very much because I’m not a politician,” Blanco told Reuters, in reference to the president.

☆ Elon Musk says his Twitter misadventure has only helped Tesla. Wall Street isn't buying it.
▼ + stars: | 2023-01-27 | by ( Asia Martin | ) www.businessinsider.com time to read: +6 min

Wall Street analysts feel otherwise: They're bullish on Tesla, but think Musk is too distracted. Musk's tweets have gotten him in trouble with shareholders and the courts. Wall Street thinks Twitter is a costly distractionMusk is not wrong in that he and Tesla are reasonably popular on Twitter. But how many of Musk's and Tesla's followers converted to sales based on the content coming from those accounts? As in most things, there's always more to the story — but you can't deny the impact of Musk's Twitter habits, either.

☆ Foundation empties coffers to fund Black paper in Baltimore
▼ + stars: | 2023-01-19 | by ( The Associated Press | ) www.nbcnews.com time to read: +8 min

She and Brandon Soderberg, a former Baltimore City paper editor, had tried to launch a new paper, the Baltimore Beat, but the publishing company that supported it pulled the plug. Decades ago, the Holofceners left Baltimore for the suburbs, like thousands of other white families, leaving the city with a depleted tax base. The large grant is an attempt to counter the idea that “any giving is good giving,” Holofcener says. “There’s a real opportunity for us to engage.”The problem was that none of the cousins actually had any say over how the family foundation doled out money. Instead, the pause gave the paper and the family time to thoroughly nail down their plans.

☆ Alameda Research and Genesis' multi-billion dollar relationship reportedly began years ago with Sam Bankman-Fried asleep in a beanbag chair at their first meeting
▼ + stars: | 2023-01-19 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Alameda Research and Genesis reportedly kicked off their relationship at a meeting in 2018. Genesis doled out hundreds of millions of dollars in unsecured loans to Alameda, the Wall Street Journal reported. At the peak, Alameda had $6.5 billion from Genesis through loans that were only 50% secured, sources told the WSJ. Alameda has since been accused of using customer deposits from Bankman-Fried's crypto exchange FTX for daily operations like making risky investments. Meanwhile, Genesis is reportedly making bankruptcy plans after taking hits from exposure to defunct crypto hedge fund Three Arrows Capital and FTX.

☆ FTX money trails leading to politicians, media, and other crypto exchanges point to the deep influence of Sam Bankman-Fried
▼ + stars: | 2023-01-19 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Here's what Bankman-Fried seemed to be aiming at: Stash money with all the right people, while lobbying for policy favorable to FTX. As CoinDesk reported this week, 37% of Congress took money from Bankman-Fried and other FTX executives. House Speaker Kevin McCarthy and Senate Majority Leader Chuck Schumer were among the 196 senators and representatives that received funds. Other lawmakers included some who were just sworn into congressional ranks this month, which points to Bankman-Fried possibly seeking to hold sway over new members. GOLDMAN SACHS stock price on Jan. 19, 2023 Markets Insider10.

☆ FTX execs gave campaign cash to 37% of Congress, including House Speaker Kevin McCarthy and Senate Majority Leader Chuck Schumer, report says
▼ + stars: | 2023-01-18 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

CoinDesk reported Wednesday that FTX execs, including Sam Bankman-Fried, gave campaign funds to 196 members of Congress. Among those named in the report include Kevin McCarthy, Chuck Schumer, and some lawmakers who were just sworn in this month. California Representative Lou Correa, for example, took a $2,900 donation directly from Bankman-Fried, CoinDesk found, although he said the two had never met or spoken. Some of the political campaigns told CoinDesk they have talked to FTX's bankruptcy team regarding what to do with the funds. Meanwhile, of the 196 members of Congress who accepted funds from former FTX executives, 73% did not respond to CoinDesk's' requests for comment.

☆ Instant View: China's economy slows sharply in Q4, 2022 growth one of the worst on record
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +10 min

As a result, the Chinese economic growth rate will be below the Chinese government's target of 5% plus." This could weigh on their potential economic growth in the mid-and long-term, and we really need to be paying attention to that." MARCO SUN, CHIEF FINANCIAL MARKET ANALYST, MUFG BANK (CHINA), SHANGHAI"China's Q4 and full-year 2022 GDP growth rates came in higher than expected. Economic growth will have to depend more on productivity growth, which is driven by government policies." IRIS PANG, GREATER CHINA ECONOMIST, ING, HONG KONG"The biggest surprise is the retail sales number, which is really a big beat...

☆ In 2023, cash is king for tech execs
▼ + stars: | 2023-01-13 | by ( Asia Martin | ) www.businessinsider.com time to read: +3 min

Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Now, insiders say they expect tech companies to issue more stock and cash incentives to keep their c-suite intact too. In 2023, insiders say tech companies will be looking to structure long-term deals with payouts for longevity as a way to induce exec loyalty. Tech companies doled out additional shares to shore up employees whose stock lost its value last year, so much so that investors worried about future returns. Deepali Vyas, a top headhunter at Korn Ferry, told Insider there's going to be a recalibration of exec cash compensation downward to a level that reflects where valuations are today.

☆ U.N. gathering seeks billions in aid for Pakistan after devastating floods
▼ + stars: | 2023-01-09 | by ( Associated Press | ) www.nbcnews.com time to read: +6 min

“We need to be honest about the brutal injustice of loss and damage suffered by developing countries because of climate change,” Guterres told the gathering. “If there is any doubt about loss and damage — go to Pakistan. UN Secretary-General Antonio Guterres, left, speaks with Pakistan Prime Minister Shehbaz Sharif during a conference in Geneva on Monday. Many countries already doled out cash, supplies and other support for Pakistan in the immediate follow-up to the flooding. Climate scientists found that the floods in Pakistan were worsened by global heating although economic, societal and construction-oriented factors also played a role.

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