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☆ Shopify employees are shocked and worried after an abrupt shutdown of public Slack channels and wiped data. Here's why they think Shopify did it.
▼ + stars: | 2023-01-06 | by ( Madeline Stone | ) www.businessinsider.com time to read: +5 min

The decision was announced Tuesday as part of a plan called "Chaos Monkey 2023." The company said that Tuesday's "chaos monkey" changes were primarily intended to improve employees' ability to focus on their work. Two employees said they worried that the Slack changes in particular would reduce transparency and make their jobs more difficult. Shopify previously had dozens of public channels for special interests like photography and cryptocurrency. "And removing the public channels that are not directly work-related is another measure to weed out people, control narratives and people's conversations, and limit their opinions."

☆ Shopify abruptly shuts down Slack channels and cancels meetings in a move it's calling 'Chaos Monkey 2023'
▼ + stars: | 2023-01-03 | by ( Madeline Stone | ) www.businessinsider.com time to read: +5 min

It shut down public Slack channels and deleted all meetings with more than two people. Shopify removed each employee from every existing public channel on the company's Slack workspace, deleted the message history from those public channels, and capped each channel at 150 members. Shopify previously had dozens of public channels for these special interests. Employees logged on to work Tuesday to see that they had been removed from all public Slack channels. But the company said that Tuesday's "chaos monkey" changes were primarily intended to improve employees' ability to focus on their work.

☆ Dollar tries to find footing as recession worries simmer
▼ + stars: | 2022-12-08 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

With Japan's own long-term yields pegged near zero by the central bank, the yen slid as long-term U.S. Treasury yields clambored off three-month lows. Meanwhile, the yuan hovered close to an almost three-month high after China revealed a loosening of stifling COVID restrictions. Fed policy makers will have the benefit of seeing the latest consumer inflation data a day before the decision. "The FOMC may step down the pace of its rate hikes to 50bp next week, but unless inflation decelerates consistently, upside risks to FOMC policy remain." Long-term Treasury yields plunged to an almost three-month low of 3.402% overnight, but bounced back to around 3.46% in Tokyo.

☆ Dollar struggles as recession worries simmer
▼ + stars: | 2022-12-08 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

TOKYO, Dec 8 (Reuters) - The U.S. dollar remained weak on Thursday after sliding against major peers overnight for the first time this week as investors fretted about the potential for recession in the United States. The yuan hovered near an almost three-month high after China revealed a loosening of stifling COVID restrictions. Fed policy makers will have the benefit of seeing the latest consumer inflation data a day before the decision. "The FOMC may step down the pace of its rate hikes to 50bp next week, but unless inflation decelerates consistently, upside risks to FOMC policy remain." Long-term Treasury yields plunged to an almost three-month low overnight, and remained depressed in Tokyo trading at around 3.45%.

☆ Factbox: A chronology of dissent in China in recent decades
▼ + stars: | 2022-11-30 | by ( James Pomfret | ) www.reuters.com time to read: +5 min

The following is a timeline of some other notable protests, and public dissent against China's ruling Communist Party. 2009 - Xinjiang - In the region's worst ethnic unrest in decades, ethnic Uighurs attacked majority Han Chinese in the capital Urumqi, after an incident involving Uighur workers in a factory in southern China. China later builds massive "facilities" to turn Xinjiang into what a United Nations panel described as a "massive internment camp shrouded in secrecy". China later imposes a powerful national security law, arresting scores of democrats and shutting down civil society groups and liberal media outlets, including the Apple Daily newspaper. 2022 - Henan bank protests - Public protests simmer as thousands lose access to their savings in a banking fraud scandal centred on rural lenders in Henan and Anhui provinces.

☆ Behind Chinese Covid Protests, Economic Worries Simmer Among Youth
▼ + stars: | 2022-11-29 | by ( Stella Yifan Xie | ) www.wsj.com time to read: 1 min

HONG KONG—The protests that swept through Chinese cities over the weekend were mainly about unhappiness over Beijing’s strict Covid-control measures, but they also reflected another source of tension Beijing is nervous about: growing economic frustration among China’s younger generation. The rare public displays of discontent, which included protests on university campuses, came as authorities have struggled to put a floor under the economy, which is on track to expand at the slowest pace in more than four decades this year, apart from 2020, the year when Covid-19 first made an impact.

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☆ Security remains tight in Beijing, Shanghai as Covid protests simmer
▼ + stars: | 2022-11-28 | by ( Eunice Yoon | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSecurity remains tight in Beijing, Shanghai as Covid protests simmerCNBC's Eunice Yoon joins 'Squawk Box' to report the latest details from the highly unusual protests in China over the country's stringent zero-Covid restrictions.

☆ Weight loss startups offer access to new drugs, but do they provide good care?
▼ + stars: | 2022-11-13 | by ( Darius Tahir | Kaiser Health News | ) www.nbcnews.com time to read: +11 min

Now a wave of startups offer access to a new category of drugs coupled with intensive behavioral coaching online. These patients pay hundreds, if not thousands, of dollars, to access new drugs, called GLP-1 agonists, along with online coaching to encourage healthy habits. (That price includes generic drugs, but not the newer GLP-1 agonists, like Wegovy.) The firms say they’re on the vanguard of weight care, both citing the influence of biology and other scientific factors as key ingredients to their approaches. Found said older generics like zonisamide are more accessible than the GLP-1 agonists advertised on social media and their own website.

loadingIn a follow-up tweet, FTX said subsidiaries LedgerX LLC, FTX Digital Markets, FTX Australia Pte Ltd, FTX Capital Markets, Embed Financial Technologies and Embed Clearing were not included in the Chapter 11 filings. People familiar with the matter told Reuters at least $1 billion of customer funds have vanished from FTX. The nine days of turmoil hit already-struggling cryptocurrency markets, sending bitcoin to two-year lows . Its CEO Brian Armstrong told CNBC crypto markets need regulation to avoid more washouts like FTX. This is the primary way financial markets could suffer, as it may have further minor implications for portfolio shocks in a volatile macro regime."

The firm's founder Sam Bankman-Fried had transferred $10 billion of customer funds to his trading company, Alameda Research, the sources said. Blockchain analytics firm Nansen said it saw $659 million in outflows from FTX International and FTX U.S. in the last 24 hours. In January, FTX had raised $400 million from investors at a $32 billion valuation. "Over four years, FTX raised $1.8 billion from venture capital and pension funds. In its bankruptcy petition, FTX Trading said it has $10 billion to $50 billion in assets, $10 billion to $50 billion in liabilities, and more than 100,000 creditors.

LONDON, Nov 11 (Reuters) - Defusing this year's single biggest shock to the world economy could catalyze a rebound in global markets many investors feel is overdue - but may also raise other uncomfortable conundrums. Murmurs about some endgame in the 9-month-old Russian invasion of Ukraine - suggestions of anything from 'talks about talks' to some negotiated ceasefire - have swirled in media over the past week. All were watched as intently by global investors as much as politicians or military strategists. Western sanctions slapped on Moscow seeded an energy and food price explosion that compounded and elongated the post-pandemic inflation spike around the world. US Geopolitical RiskUS inflation, Fed rates and marketsThe opinions expressed here are those of the author, a columnist for Reuters.

☆ Auto parts maker Magna trims sales forecast on high costs, supply woes
▼ + stars: | 2022-11-04 | by ( Priyamvada C | ) www.reuters.com time to read: +2 min

(Reuters) -Canadian auto parts maker Magna International Inc lowered its annual sales forecast after missing estimates for third-quarter profit on Friday, as supply chain snags and higher costs keep global vehicle production under pressure. FILE PHOTO: Magna logo is during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. “We think auto parts pricing could come under pressure as auto inventories rise to more normal levels,” CFRA analyst Garrett Nelson said. The Aurora, Canada-based company which flagged lower sales in Russia, reported a revenue of $9.27 billion, above average analysts’ expectation of $9.16 billion, according to Refinitiv data. Excluding items, Magna’s profits came in at $1.07 per share, below estimates of $1.09 per share.

☆ The Fed says it could cool it on rate hikes as soon as next month. Now the future of the economy depends on how long the increases last.
▼ + stars: | 2022-11-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The Fed hiked interest rates by 0.75 percentage points on Wednesday. But Fed Chair Jerome Powell signaled the hikes could simmer down as soon as next month. "Incoming data since our last meeting suggests that ultimate level of interest rates will be higher than previously expected," he also said. "Increasing interest rates signals to working people that the government thinks we have too much money and we should have less money to spend." Powell stood by the hikes, but said they might soon come at a lesser scale to hopefully avoid a recession.

☆ World’s best spicy foods: 20 dishes to try
▼ + stars: | 2022-10-27 | by ( Terry Ward | ) edition.cnn.com time to read: +17 min

When it comes to the world’s best spicy dishes, we have some of the world’s hottest peppers to thank, along with incredible layers of flavor and a long, spice-loving human history. Peppers – a headliner for heat – are rated on the Scoville Heat Units scale, which measures capsaicin and other active components of chile peppers. And it’s the perky red pepper of the same name that brings the spiciness to this complex, layered and delicious dish. “The peperoncino (red chile pepper) is what makes this sauce ‘angry’ (arrabbiata) or spicy,” Chris MacLean of Italy-based Open Tuesday Wines said via email. FomaA/Adobe StockThe fiery Ethiopian spice blend called berbere – aromatic with chile peppers, basil, cardamom, garlic and ginger – is instrumental to the flavor chorus that’s doro wat, Ethiopia’s much-loved spicy chicken stew.

Persons: ”, Saurav Dutt, “ Ginger, chiles, ” Hunter, Dutt, Nigeria Ata, Kwoklyn Wan, “, It’s, pattarasiri, Piri, piri, it’s, Mao’s, Mao Zedong’s, shao rou, Cook, Suzie Lee, Brent Hofacker, Mark Harvey, podcaster, Ayam, betutu, Todd Taulman, serrano, jalapeño, Phaal Curry, Penne all’arrabbiata, ’, Chris MacLean of, MacLean, ’ ”, marati, Doro wat, doro, you’re, Mapo, vindaloo, Julian Gonzalez, ” Gonzalez Organizations: CNN, Adobe, chiles, BBC, “, Buffalo Wild Wings, Wines, Sawmill Locations: Sichuan, Nigeria, West, China, British, Chongqing, Thailand, Isaan, Laos, Mozambique, Angola, Portuguese, Piri, chiles, Namibia, South Africa, Beijing, Jamaica, Spanish Town, Montego Bay, Boston Bay, Ayam betutu, Indonesia, Bali, Lombok, Buffalo, United States, American, Alaska, Maine, Buffalo , New York, cayenne, Worcestershire, Mexico, Mexican, Sinaloa, Bangkok, rendang, Malaysia, West Sumatra, Indonesia’s, Brunei, Philippines, South Korea, Birmingham, England, Bangladesh, Bangladeshi, Italy, Chris MacLean of Italy, Rome’s Lazio, India, South India, India’s, Tamil, Ethiopia, Goa, United Kingdom, Mafé, Senegal Senegalese, Mali, Gambia, Albuquerque , New Mexico, In Texas

☆ S&P, Nasdaq pulled lower as tech earnings misses fuel slowdown fears
▼ + stars: | 2022-10-26 | by ( Stephen Culp | ) www.reuters.com time to read: +3 min

Reuters GraphicsThe S&P 500 and the Nasdaq were last in negative territory, dragged lower by market-leading tech and tech-adjacent companies following results from Microsoft (MSFT.O) and Alphabet (GOOGL.O). Among the 11 major sectors of the S&P 500, communications services (.SPLRCL) and tech (.SPLRCT) were suffering the largest percentage losses. Third quarter earnings season has shifted into high gear, with 170 of the companies in the S&P 500 having reported. Analysts now see aggregate S&P 500 earnings growth of 2.3%, down from 4.5% at the beginning of the month, per Refinitiv. The S&P 500 posted 25 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 87 new highs and 54 new lows.

☆ LIV seasons ends with Trump and eye-popping prize money
▼ + stars: | 2022-10-26 | by ( Steve Keating | ) www.reuters.com time to read: +3 min

MIAMI, Oct 26 (Reuters) - LIV Golf's tumultuous inaugural season concludes this week at Trump National Doral Golf Club where the eye-popping prize money and the former-president may well be the main attraction. He instead praised the Northern Irishman on his great season while warning critics they had better get used to having LIV Golf around because it is not going away. LIV Golf will grow from eight to 14 events next season with Trump resorts, which hosted two of the eight stops this year, once again expected to figure prominently. "I think LIV has been a great thing for Saudi Arabia, for the image of Saudi Arabia," Trump told the Wall Street Journal. Play gets underway on the 'Blue Monster' on Friday with 12 four-man teams chasing a $16 million first-place prize.

☆ Kanye West's antisemitic rants are the tip of a much longer spear
▼ + stars: | 2022-10-25 | by ( Tal Lavin | ) www.businessinsider.com time to read: +9 min

Recent comments by Kanye West, now known as Ye, echo ancient antisemitic tropes, writes Tal Lavin. Over on Instagram, where I'd posted a picture of me cuddling a goat, someone commented: "Kanye West was right about you people." But these sentiments are just the tip of a much longer spear. Ye's comments in particular echo a very long history of antisemitic tropes — tropes that have left a trail of blood in their wake. On "Drink Champs" Ye spit into the mic about the evils of the "Jewish media."

☆ Elon Musk’s unsolicited idea for Taiwan welcomed by Beijing, slammed in Taipei
▼ + stars: | 2022-10-10 | by ( Rhea Mogul | ) edition.cnn.com time to read: +3 min

Hong Kong CNN Business —As tensions between China and Taiwan simmer at their highest point in decades, officials in both places have clashed in recent days over an unsolicited idea from billionaire Elon Musk. Taiwan, a democracy of 23 million people, strongly objects to Beijing’s claims to the island. In a briefing on October 7, China’s Foreign Ministry spokesperson Mao Ning said the “Taiwan question is China’s internal affair.”“China’s position on resolving the Taiwan question is consistent and clear. We remain committed to the basic principle of peaceful reunification and ‘one country, two systems,’” he said. “Which Elon Musk do you like more?” Zelensky asked his Twitter followers, using the social media platform’s poll function.

☆ Taiwan National Day: 'No room for compromise' on sovereignty, President Tsai says
▼ + stars: | 2022-10-10 | by ( Eric Cheung | ) edition.cnn.com time to read: +6 min

Taipei, Taiwan CNN —Taiwan’s President Tsai Ing-wen said Monday there is “no room for compromise” over the self-ruled island’s sovereignty but she is willing to work with China to find “mutually acceptable ways” to maintain peace across the Taiwan Strait. There is no room for compromise on this,” Tsai said in a speech marking Taiwan’s National Day, delivered as tensions between Taipei and Beijing simmer at the highest point in recent decades. Lawmakers from Taiwan and Japan wave flags at a ceremony to mark the island's National Day in front of the Presidential Office in Taipei on October 10, 2022. Taiwan National Day celebrationsThe Republic of China ruled the mainland until its defeat to the Communists at the end of the civil war in 1949, when it retreated to Taiwan. Taiwan's President Tsai Ing-wen (top C) attends a ceremony to mark the island's National Day in front of the Presidential Office in Taipei on October 10, 2022.

☆ 20 delicious reasons to visit Pakistan
▼ + stars: | 2019-10-15 | by ( Halima Ali | ) edition.cnn.com time to read: +9 min

Nabeel Ahmed/iStockphoto/Getty ImagesThese easy-to-make crispy, fried fritters are a classic finger food served as a starter or a side dish. MEAT DISHESBiryaniThis rice dish is often served on special occasions. Mint/Hindustan Times/Hindustan Times via Getty ImagesThought to have developed in the royal kitchens of the 16th-19th century Mughal Empire, this rice dish is often served on special occasions. The meat and rice are cooked separately before being layered and cooked together with an assortment of spices. ShutterstockKeer is another dessert eaten at weddings or on celebratory occasions such as Eid al Fitr, the end of the Muslim fasting month of Ramadan.

Persons: it’s, Pakoras, Nabeel Ahmed, Shutterstock, Paya Paya, Nihari, Stuart Freedman, –, Eid, Fitr, It’s Organizations: CNN, Hindustan Times, Getty, . Portland Press Herald, Portland Press Herald, Press, Corbis Locations: China, Afghanistan, Iran, India, Pakistan, Pakistani, Punjab province, Shutterstock

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