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☆ How the job of Amazon delivery has changed with Rivian's electric vans and routing software
▼ + stars: | 2023-01-14 | by ( Katie Tarasov | ) www.cnbc.com time to read: +10 min

For now, most Amazon drivers are still in about 110,000 gas-powered vans — primarily Ford Transits, Mercedes-Benz Sprinters and Ram ProMasters. Amazon wouldn't share how it determines which of its 3,500 third-party delivery firms, or delivery service partners (DSPs), are receiving Rivian vans first. Workers load packages into Amazon Rivian Electric trucks at an Amazon facility in Poway, California, November 16, 2022. Amazon vans have driver-facing cameras inside, which can catch unsafe driving practices as they happen. For example, an Amazon driver in Missouri was found dead in a front yard in October, allegedly after a dog attack.

☆ A big distinction may explain why the FBI searched Trump's home but not Biden's over classified documents
▼ + stars: | 2023-01-12 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Top Republicans are calling on the FBI to search President Joe Biden's home as they did Mar-a-Lago. Trump has seized on the news about Biden, calling on the FBI to do the same to Biden's homes. Congressional allies including South Carolina Sen. Lindsay Graham called on the Justice Department to appoint a special counsel to handle the case, as exists with the Trump documents. Unlike in Trump's case, there is no evidence that Biden or those around him resisted returning them. That evidence is lacking in Biden's case, Neama Rahmani, an attorney and former federal prosecutor told Insider.

☆ The ultimate insider's guide to the dramatic downfall of Sam Bankman-Fried, Caroline Ellison, and FTX
▼ + stars: | 2023-01-01 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +11 min

Sam Bankman-Fried is facing criminal charges and is expected to enter a plea on Jan. 3. Read Insider's coverage of Bankman-Fried:FTX founder Sam Bankman-Fried gets by on 4 hours' sleep and multitasks on 6 screens. Now hit with 7 criminal charges, Ellison has pleaded guilty and expressed contrition before the New York federal court presiding over the criminal cases involving Bankman-Fried. Sam Bankman-Fried is in jail, but legal watchers are wondering: Where's ex-girlfriend Caroline Ellison? Sam Bankman-Fried hit with 8 criminal charges, including fraud and conspiracy for allegedly 'misappropriating' FTX customer fundsThe SEC has charged Sam Bankman-Fried and accused him of 'orchestrating a massive, years-long fraud'The criminal charges against Sam Bankman-Fried carry big penalties and jail time if proven, legal experts sayRead the CFTC complaint against FTX's Sam Bankman-Fried and his associates Caroline Ellison and Gary WangThe charges against Caroline Ellison, SBF, and FTX cofounder Gary Wang — in 60 seconds

☆ Where's Ye? The lawyers who dropped Kanye West after his antisemitic tirades can't locate him to say they've quit.
▼ + stars: | 2022-12-29 | by ( ) www.businessinsider.com time to read: +6 min

The lawyers can't find him to tell him they've quit, and West isn't responding to texts. Lawyers for Greenberg Traurig were able to serve West with documents telling him they no longer wanted to represent him. In that case, held in federal court in California, US District Judge George H. Wu allowed Greenberg Traurig to withdraw on December 2. In court documents first reported by The Sun and reviewed by Insider, lawyers for Thomas St. John said on December 19 that they couldn't serve West with the lawsuit. West's previous lawyers — presumably the ones at Greenberg Traurig — told the management firm they no longer represented West, and the firm couldn't locate any replacement firm.

☆ Apple hits its lowest level since June 2021 — So where's it headed next?
▼ + stars: | 2022-12-27 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple hits its lowest level since June 2021 — So where's it headed next? Apple hits a 52-week low. So where's the stock headed next? With CNBC's Melissa Lee and the Fast Money traders, Mike Khouw, Courtney Garcia, Victoria Fernandez and Steve Grasso.

☆ Putin's speeches invoke Russia's fight against fascism in WWII to justify the war in Ukraine — and use propaganda strategies from Nazi Germany and the Soviet Union, historian says
▼ + stars: | 2022-12-24 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +10 min

What similarities do you see between the messaging put forth by Putin and Russia today compared to Soviet Union propaganda? You compared the speech Putin gave announcing the annexation of four Ukrainian territories to the Nazi propaganda minister, Joseph Goebbels. One of the more worrisome trends in Putin speeches, especially in the last six or seven months, has been how amorphous, almost existential they've been. He said what the West has done is create a culture of lies about Russia that's reminiscent of Goebbels. It's really hard to overstate how many war movies have come out in Russia in the last 10 years.

☆ Investors play defense heading into final trading days of year but still hope for a Santa rally surprise
▼ + stars: | 2022-12-23 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

The final trading week of the year is arriving with investors more concerned about defensive positioning than whether the stock market can muster a Santa Claus rally. Stocks were mostly lower in the past week, with the S & P 500 down about 0.6% as of Friday morning. After today, there are just four trading days left in the year, with markets closed on Monday for the Christmas holiday. In an interview on CNBC Thursday, Tepper said he is "leaning short" on the stock market because of global central bank tightening. The S & P 500 has averaged a 1.3% gain in that period, going back to 1950, and has been positive four out of every five years.

☆ Forget next year. The tech downtrend may be in danger of leaking into 2024
▼ + stars: | 2022-12-22 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Weak outlook, reduced estimates, significant oversupply. Looking for an imminent bottom in global tech demand is proving very elusive, at least if you look at Micron's earnings report. "These are the most challenging conditions for the memory market since the financial crisis," Chris Caso at Credit Suisse said, after he looked over Micron's numbers. "Losses mount over significant oversupply," Joseph Moore at Morgan Stanley said. "In a rapidly deteriorating memory environment driven by inventory corrections/demand weakness across nearly every end market, pricing continues to be the biggest headwind to memory profitability/earnings," Harlan Sur at JPMorgan warned.

☆ More women are traveling alone. The hospitality industry is meeting demand with offerings like 'Alonemoons' — no partner required.
▼ + stars: | 2022-12-22 | by ( Mark Ellwood | ) www.businessinsider.com time to read: +7 min

When she started traveling alone, she said, the trend was less common and locals were often surprised to see her without a companion. The Solo Female Travelers Club, a 190,000-member social network and tour operator, surveys 5,000 women annually on their habits and opinions. A Gili Lankanfushi representative told Insider six women traveling alone had booked the package in the past 18 months. "I think it's a wonderful, life-affirming experience to be a woman traveling solo and experience the nurturing care you can get from strangers. Meg Jerrard, a cofounder of the Solo Female Travelers Club, recently started a consulting division of her company to help guide other businesses as they reevaluate their offerings and staff in light of growing demand from solo female travelers.

☆ Negative mood could pervade market next week as investors search for stability before the holidays
▼ + stars: | 2022-12-16 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

Stocks were battered in the past week, as investors reacted to a hawkish message from the Federal Reserve. In the past week, stocks rallied Tuesday after the consumer price index showed a smaller-than-expected increase of 7.1% for November. "There's a lot of housing data next week," said Art Hogan, chief market strategist at B. Riley Financial. Ned Davis Research pointed out in a note this week that there has been a recent negative correlation between stocks and bonds, meaning stocks are falling and so are yields. Ned Davis expects the negative correlation to continue for the foreseeable future, and is watching the rolling one-year correlation between the S & P 500 and the 10-year Treasury yield.

☆ Sam Bankman-Fried is in jail, but legal watchers are wondering: Where's ex-girlfriend Caroline Ellison?
▼ + stars: | 2022-12-16 | by ( Sindhu Sundar | Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

Former Alameda CEO Caroline Ellison isn't named in prosecutors' charges against Sam Bankman-FriedBut the SEC's civil suit references her statements on the relationship between FTX and Alameda. Conspiracy charges and civil claims against SBF show others in the crosshairs, legal experts said. But her rise as CEO at Alameda, Bankman-Fried's other crypto company separate from FTX, may certainly put her in investigators' sights. The SEC's complaint on Tuesday claimed that Bankman-Fried "remained the ultimate decision-maker" at Alameda, even after Ellison took over the reins. Since Bankman-Fried's crypto empire began unraveling in November however, Ellison has stayed away from the public eye.

☆ Hate Elon Musk all you want, but he's got one management trick that every boss should emulate
▼ + stars: | 2022-12-13 | by ( Ed Zitron | ) www.businessinsider.com time to read: +12 min

Managers have become alarmingly distanced from the average worker, making calls based on guesses that aren't informed by actual labor. Musk has demanded that managers are able to create "good code" yet does not appear to be much of a coder himself. Jackson Palmer, a cocreator of dogecoin, said Musk was a "grifter" who "had trouble running basic code" in their interactions. He's targeted critical teams at Twitter and pushed others to quit, which have resulted in a huge upswing in hate speech on the platform. In fact, by his own logic of how managers can contribute to the company, Musk should be summarily firing himself any day now.

☆ You may pay nearly $8 for a McDonald's Big Mac in Massachusetts versus $3 in Oklahoma. Here's why costs can vary — even for locations across the street from one another.
▼ + stars: | 2022-12-07 | by ( Nancy Luna | ) www.businessinsider.com time to read: +7 min

Until that happens, he's taken on the unofficial position of "fast-food data scientist," thanks to his latest side project, the Fast Food Index. Fast Food IndexAccording to the Fast Food Index, the most expensive Chipotle chicken burrito is sold for $11.10 in Manhattan's garment district. Other Fast Food Index findings:At $7.89, a McDonald's in Lee, Massachusetts, is home to the most expensive Big Mac. The most expensive Taco Bell crunchy taco is sold in a small town in California. Chipotle menu prices increased by 4% in August, and the company has raised prices for delivery.

☆ Supreme Court hears case of Colorado wedding website refusing gay marriage work
▼ + stars: | 2022-12-05 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

The Supreme Court heard arguments Monday in a case involving a Colorado web design company whose desire to avoid doing work for same-sex weddings runs afoul of the state's public accommodation anti-discrimination law. Conservative justices appeared sympathetic to First Amendment arguments made by a lawyer for the design company's owner. The court will likely decide the case by next spring or early summer. Justice Sonia Sotomayor asked Kristen Waggoner, the lawyer for company owner Lorie Smith, an evangelical Christian opposed to gay marriage. asked Sotomayor, a liberal, as she sat feet away from conservative Justice Clarence Thomas, a Black man who is married to a white woman.

On the agenda today:But first: Jordan Parker Erb, the author of Insider's 10 Things in Tech newsletter, is taking us behind the scenes of Elon Musk's feud with Apple. Tim Cook and Elon Musk Justin Sullivan/Getty Images and Philip Pacheco/AFP via Getty ImagesThis week, Elon Musk, the world's richest man and new Twitter owner, declared "war" with the world's biggest tech company: Apple. At the heart of the issue was Apple's 30% App Store fee, our associate editor Jordan Parker Erb writes. Here's what went down:Sign up for 10 Things in Tech to get stories like these right in your inbox. Edited by Jordan Parker Erb, Hallam Bullock, and Lisa Ryan.

☆ Fury taunts Usyk after beating Chisora to retain WBC title
▼ + stars: | 2022-12-03 | by ( Alan Baldwin | ) www.reuters.com time to read: +4 min

Fury was popping in the jabs freely in the second round, with Chisora unsteady on his legs in the third when both fighters tumbled accidentally to the canvas. "Total dominance," said former WBA champion David Haye, commentating ringside for BT Sport after six rounds of pummelling. "Where's Oleksandr Usyk, the rabbit?," Fury roared at the crowd. "I needed some rounds," said Fury, whose last fight was a sixth-round stoppage of compatriot Dillian Whyte at Wembley in April. Chisora thanked the referee for taking matters into his own hands.

☆ Employees Are Using Job Offers to Win Big Raises From Their Employers
▼ + stars: | 2022-11-28 | by ( Aki Ito | ) www.businessinsider.com time to read: +10 min

Employers, not surprisingly, hate that people are using job offers as bargaining chips. That strategy may work for employers in a normal job market, when it's hard to find another job, let alone a better-paying one. "Employees are finding that there's a big gap between where they are and what they can get." "The job market is still performing very well," says Jay Denton, the chief analytics officer at LaborIQ, a compensation-data provider. Independence, it turns out, pays way, way better than loyalty.

☆ Pepsi once offered a fighter jet as a joke prize in a promotion. A student tried to claim it anyway.
▼ + stars: | 2022-11-20 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

Pepsi launched a "points" promotion in 1996 that included a "joke" prize of a $23M fighter jet. College student John Leonard took this challenge seriously, and launched a plan to nab the prize. Pepsi launched a rewards scheme called Pepsi Points, with customers able to redeem items using points accrued from buying its drinks. The company released a TV commercial for the promotion that ended with the claim that 7 million points would allow a Harrier fighter jet worth about $23 million to be redeemed. However, he saw a loophole: buy Pepsi Points for 10 cents each, meaning the seven million points needed for the jet would cost $700,000.

☆ Elon Musk runs 3 companies — and his executive juggling act is the perfect example of how the modern CEO job is broken
▼ + stars: | 2022-11-17 | by ( Ed Zitron | ) www.businessinsider.com time to read: +15 min

Musk is currently the CEO of three different companies: SpaceX, Tesla, and, of course, Twitter. But like many CEOs, he's accumulated a huge fortune by juggling several companies and directorships at once. While Musk may be an extreme case, he's also the perfect example of the modern CEO: a chaotic blend of unproductive micromanagement and highly-paid absenteeism. In the extreme, some CEOs like Musk have taken on the management of multiple large companies. And Musk isn't the only executive who would be better served focusing on one task.

The move angered foreign governments and foreign-owned carmakers who say the change will disqualify a majority of their EV fleets from North American markets. "But it should not have negative side effects on their European allies and the European economy." South Korean President Yoon Suk-yeol also spoke to Biden about the issue during a bilateral meeting at the G20 summit, according to Yoon’s office. The Treasury is working to define the rules for some $278 billion worth of tax credits on EVs, solar and wind power investments and a range of other technologies. While a number of countries have said the U.S. tax credits likely violate World Trade Organization rules, none have sought to file a formal challenge.

☆ U.S. House Speaker Pelosi wraps up long and historic leadership career
▼ + stars: | 2022-11-17 | by ( Patricia Zengerle | ) www.reuters.com time to read: +6 min

For our daughters and our granddaughters, now the sky is the limit," Pelosi said after first becoming speaker in 2007. As speaker, Pelosi helped pass the 2010 Affordable Care Act, a law dubbed Obamacare that enabled millions of previously uninsured Americans to obtain medical coverage. The visit capped decades of Pelosi's high-profile opposition to China's authoritarian rulers including President Xi Jinping. During her first stint as speaker, Pelosi called Bush "a total failure." Though branded a West Coast liberal by Republicans, Pelosi first learned politics 60 years ago on the East Coast as the daughter of a big-city mayor and congressman, Baltimore's Thomas "Big Tommy" D'Alesandro.

[1/5] Climate activists take part in a protest during the COP27 climate summit, in Sharm el-Sheikh, Egypt, November 16, 2022. "There's still a lot of gaps in the texts," said a spokesperson for Britain's COP26 Presidency, which hosted last year's climate summit in Glasgow. EU climate policy chief Frans Timmermans said the first draft left a lot to be desired. TEMPERATURE TARGETOn limiting the global temperature rise, the document mirrors language included in last year's COP26 agreement. Temperatures have already increased by 1.1C, and are projected to blow past 1.5C without swift and deep cuts to emissions within this decade.

☆ The president of a firm using AI technology to beat the S&P 500 over the last two years shares 8 stocks to buy that have outperformed during previous rate hike cycles
▼ + stars: | 2022-11-13 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

Toggle President Giuseppe Sette shared eight stocks to buy to outperform the rate hiking cycle. Inflation may have slightly cooled last month, but that doesn't mean the Federal Reserve is planning to stop its rate hiking program anytime soon. With the US economy still in the middle of a rate hiking cycle, where's the best place for investors to park their money right now? "It doesn't look like this is a market you want to be holding in, getting back to the single stocks," Sette added. Top 8 stocks to outperform a rate hiking cycleUsing Toggle's methodology, Sette shared eight stocks that have outperformed during a rate hiking cycle, with the current market conditions mirroring the environments in which these stocks have previously succeeded.

☆ One year after Nasdaq peak, growth stocks have tumbled and crypto has broken — where to from here?
▼ + stars: | 2022-11-12 | by ( Michael Santoli | ) www.cnbc.com time to read: +9 min

The Nasdaq record came just ten days after Bitcoin's apex near $67,000, a moment when total cryptocurrency market value topped $2.8 trillion. Those numbers today are under $17,000 for Bitcoin and the crypto market cap is around $800 billion, down 70%-plus. Just days after the November 2021 Nasdaq high, Federal Reserve Chair Jerome Powell abruptly and publicly shifted his rhetoric on inflation and monetary policy, endorsing a much faster removal of stimulus than previously indicated. In the 18 months leading to the March 2000 Nasdaq peak, the index more than tripled. One year after the March 2000 Nasdaq peak, with the index down some 60%, the Nasdaq 100 still had a forward price/earnings ratio above 50.

[1/2] Kenya Airways pilots attend a court session after the association's management was summoned for contempt of a court order declaring as illegal the ongoing strike of Kenya Airways pilots, organised by KALPA, at the Milimani Law Courts, in Nairobi, Kenya, November 8, 2022. REUTERS/Monicah MwangiNAIROBI, Nov 8 (Reuters) - The striking pilots at Kenya Airways (KQNA.NR) have been ordered to resume work by November 9, a court ruled on Tuesday, while also barring the airline from penalising the pilots. Employment and Labour Relations court Judge Anna Mwaure ordered "the Kenya Airways pilots to resume their duties as pilots by 6 a.m on 9th November unconditionally." The order comes after a letter from the CEO of Kenya Airways earlier showed its plans to cancel its bargaining and recognition agreements with its pilots union, saying their current strike is unlawful and it amounts to economic sabotage. Members of the Kenya Airline Pilots Association (KALPA) — a union that represents about 400 pilots at the carrier - went on strike on Saturday after failing to resolve a dispute over their pensions contributions and settlement of deferred pay.

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