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☆ 'The music stopped': 6 founders tell how they survived this year's bursting VC funding bubble, customers unwilling to spend, and a graveyard of fallen startup peers
▼ + stars: | 2022-12-27 | by ( April Joyner | ) www.businessinsider.com time to read: +11 min

This year's economic caution marked a huge contrast to 2021's exuberance and record VC funding. Insider spoke with six founders about how they've handled the abrupt switch from market exuberance to economic caution. But at the same time, they said, they've sought to pounce on new opportunities created by the economic downturn. ElektraShifting landscapes, changing prioritiesAfter a year of record venture capital funding, the abrupt shift in investor sentiment hit hard in 2022, founders told Insider. Artificial intelligence startups are the latest beneficiary of VC hype, buoyed by breakthrough software tools such as DALL-E and ChatGPT.

☆ Mortgage shocks and a China-led inflation spike are among the top 5 global risks of 2023, according to Charles Schwab
▼ + stars: | 2022-12-20 | by ( Carla Mozée | ) www.businessinsider.com time to read: +6 min

Mortgage shocks and re-acceleration of inflation are among the top global risks for markets in 2023. In no particular order, here are Schwab's top five global risks in 2023:1. Central banks overtightenThe Fed, the ECB and the Bank of England last week downsized their latest rate increases to 50 basis points each. "However, major central banks are making it clear they aren't finished, despite stepping down the aggressive pace of rate hikes," said Kleintop. Ukraine war broadensKleintop said investors appear to be pricing expectations of the intensity of the Ukraine war subsiding and perhaps moving towards a negotiated resolution.

☆ Why North Korea’s missile tests are going higher and further
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +14 min

North Korea missiles Stronger, faster, higher North Korea has made steady progress in expanding its missile programme, developing weapons that can strike across the globe - or hit critical targets closer to home. North Korea has forged ahead in developing ballistic missiles, testing new capabilities, honing existing weapons and putting them into service. Like most North Korean long-range ballistic missile tests, both ICBMs were fired on lofted trajectories. Trajectories of some of North Korea’s long-range missile testsNuclear warheads South Korea and the United States have warned since early 2022 that North Korea may resume nuclear testing for the first time since 2017. Same missiles, different locationsAmong North Korea's ballistic missiles, SRBMs appear to be the most likely to be deployed, Panda said.

☆ How to watch the final House January 6 committee hearing on the Capitol attack
▼ + stars: | 2022-12-15 | by ( Grace Panetta | Warren Rojas | ) www.businessinsider.com time to read: +6 min

The House Select Committee investigating the January 6 attack is holding its last public meeting. The panel has held nine public hearings since the beginning of June. The committee held nine blockbuster public hearings, including one in primetime, over the course of the last seven months. Here's when and how to watch the hearings:When are the next January 6 Committee hearings? And that even though he knew full well he had lost the election, Trump fought it anyway because he was embarrassed about losing Biden.

☆ Oath Keepers: Second seditious conspiracy trial against Oath Keepers begins with opening statements
▼ + stars: | 2022-12-12 | by ( Hannah Rabinowitz | ) edition.cnn.com time to read: +7 min

The Justice Department prosecuted the first Oath Keepers seditious conspiracy case earlier this fall with mixed success – two leaders, including Oath Keepers founder Stewart Rhodes, were convicted of the charge while three others were acquitted. That adjustment was on full display Monday, as prosecutor Troy Edwards delivered his opening argument to the jury. Prosecutors struggled at times during the first trial to explain whether Rhodes directly ordered his militia to enter the Capitol building. Rhodes told them it was now time to take their place in history,” Edwards said. When the Oath Keepers heard that the Capitol had been breached, Edwards said they hustled toward the chaos.

☆ Premarket stocks: Why we think we're in a recession when the data says otherwise
▼ + stars: | 2022-12-08 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN Business —It seems like you can’t go anywhere these days without colliding headfirst into another ominous prediction of imminent recession. But hidden behind those “CEO PREDICTS RECESSION” headlines lies a lot of uncertainty. “If I didn’t watch CNBC in the morning, the word ‘recession’ wouldn’t be in my vocabulary,” he said. “You just can’t see it in our data.”It’s almost as though Kirby predicted recession was imminent because other prominent voices predicted that recession was imminent. More than 10,000 ambulance workers represented by the GMB Union will strike again on December 28.

[1/2] Web designer Lorie Smith, plaintiff in a Supreme Court case who objects to same-sex marriage, poses for a portrait at her office in Littleton, Colorado, U.S., November 28, 2022. The court in that case stopped short of carving out a free speech exemption to anti-discrimination laws. Like Phillips, Smith is represented by attorneys from the Alliance Defending Freedom, a conservative religious rights group. The Supreme Court did not take up one aspect of her challenge to Colorado law based on religious rights also protected by the First Amendment, focusing on free speech instead. The Supreme Court, with its 6-3 conservative majority, has become increasingly supportive of religious rights and related free speech claims in recent years even as it has backed LGBT rights in other cases.

☆ Web designer opposed to gay marriage at center of U.S. Supreme Court clash
▼ + stars: | 2022-12-02 | by ( Andrew Chung | ) www.reuters.com time to read: +7 min

[1/4] Web designer Lorie Smith, plaintiff in a Supreme Court case who objects to same-sex marriage, poses for a portrait at her office in Littleton, Colorado, U.S., November 28, 2022. She argues that Colorado anti-discrimination law violates free speech rights by forcing artists - including web designers - to express messages through their work that they oppose. The Supreme Court did not take up one aspect of her challenge to Colorado law based on religious rights also protected by the First Amendment. His legal battle with Colorado also reached the Supreme Court, which ruled narrowly in his favor in 2018. The state warned against endorsing Smith's view of free speech protections.

☆ Meet a Republican who would have all $10,000 of his student loans canceled under Biden's plan but thinks it's an unfair policy
▼ + stars: | 2022-11-27 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

He told Insider he wasn't surprised to see court challenges and worried for people who got refunds. Since Biden announced his plan at the end of August to forgive up to $20,000 in student debt for federal borrowers, the plan has been fraught with legal challenges. I think many of the court challenges have tried to shine light on that," Matthew said. "My generation, the millennial, Gen Z generation, are facing a significant problem with student-loan debt," he said. "This radical scheme must be eviscerated entirely, and Republicans will continue to support legal challenges to achieve that end."

☆ North Korea's flurry of missile tests has South Korea talking about the nuclear option
▼ + stars: | 2022-11-23 | by ( Robert Kelly | ) www.businessinsider.com time to read: +6 min

North Korea has done dozens of missile tests this year, including an ICBM test last week. We should always keep talking to North Korea — it is too dangerous to ignore — but there is little realistic hope that North Korea will deal profoundly with its nukes or missiles at this point. South Koreans watch a news report on North Korean missile tests. The current South Korean president, Yoon Seok-yeol, suggested, as a candidate, that South Korea might preemptively air-strike North Korean missile sites in a crisis. The South Korean conservative party has suggested that South Korea should withdraw from the NPT if the North conducts a seventh nuclear test.

☆ Malaysia's economy likely grew 11.7% in Q3, outlook cloudy
▼ + stars: | 2022-11-09 | by ( Anant Chandak | ) www.reuters.com time to read: +2 min

The Nov. 1-8 poll of 22 economists predicted the economy expanded 11.7% in the July-September quarter compared with the same period a year earlier. In the previous quarter, the economic grew 8.9%. Trade and economic activity was also likely to be affected by China's strict COVID-19 containment measures and a slowdown in global growth. A separate Reuters poll showed Malaysia's growth would average 7.2% this year and then fall to 4.2% in 2023. "The currency is likely to remain under downward pressure until U.S. bond yields peak and market participants remain risk averse amid elevated levels of global economic uncertainty," added Tandon.

[1/3] A man rides a scooter past the front of the U.S. Supreme Court building in Washington, U.S. September 30, 2022. The Supreme Court has a 6-3 conservative majority. Its conservative justices have signaled skepticism toward expansive regulatory power and the duty of judges, under Supreme Court precedent, to give deference to that authority. Axon sued the FTC in 2020 in federal court in Arizona following an investigation by the agency into its 2018 acquisition of Vievu, a rival body-camera provider. Cochran sued in 2019 to stop the enforcement action, like Axon contesting the SEC's in-house judges under Article II.

☆ 'The more transparency, the better': How NYC job seekers say visible pay ranges will help them
▼ + stars: | 2022-11-01 | by ( Jennifer Liu | ) www.cnbc.com time to read: +9 min

CNBC Make It wants to hear from workers in New York City who will be impacted by the city's new salary transparency law. Once salary numbers are out, job seekers say public ranges will help them focus on applying to jobs that actually pay what they want — saving them time and anguish of finding out during interviews that the pay is too low. Job seekers say employer fears of losing applicants are overblownMany businesses that oppose the new law say that if they're required to list their pay ranges, competitors can outbid them and scoop up talent, especially in today's tight market. Job seekers say those concerns are overblown. Businesses should be more concerned about how not being transparent could put them on the outs with job seekers, she says.

☆ Employees took advantage of the Great Resignation. Now employers are about to take revenge.
▼ + stars: | 2022-10-31 | by ( Jake Rosenfeld | ) www.businessinsider.com time to read: +11 min

The 2008 financial crisis spared no one — income gains halted for nearly everybody as the economy plunged into the worst recession in almost a century. A tight labor market is good for workersThe main culprit behind these gains in worker power has been the tight labor market. A tight labor market also means companies have to offer higher wages to attract new employees or get people to switch jobs. And the iconic coffee maker isn't the only big-name corporation to raise pay in the face of rising worker unrest. So without a contract to lock in economic gains, workers may have won a series of battles, but they risk losing the long-term war.

☆ North Korea fires missiles toward sea as U.S. warns against using nuclear weapons
▼ + stars: | 2022-10-28 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

South Korea’s military has strengthened its surveillance posture and maintains readiness amid close coordination with the United States, it said. North Korea sees such regular drills by Seoul and Washington as practice for launching an attack on the North, though the allies say their exercises are defensive in nature. The area was apparently closer to South Korea than any other missile launch site North Korea has used so far this year. South Korea and the United States have strongly warned North Korea against using its nuclear weapons preemptively. North Korea has said the artillery firings were in reaction to South Korean live-fire exercises at land border areas.

☆ Typhoon submerges villages, farmlands in northern Philippines
▼ + stars: | 2022-10-16 | by ( ) www.reuters.com time to read: +1 min

MANILA, Oct 16 (Reuters) - A tropical storm that made landfall early on Sunday in the northern Philippines has intensified into a typhoon, the weather bureau said, bringing moderate to heavy rains that submerged villages and farmlands. Nearly a thousand people were preemptively evacuated to safer ground, according to the disaster monitoring agency. Nesat, packing winds of 120 km (75 miles) per hour, may further intensify while moving towards the South China Sea, the weather bureau said. President Ferdinand Marcos Jr said on Twitter government assistance was on the way to the affected communities. Register now for FREE unlimited access to Reuters.com RegisterReporting by Adrian Portugal; Additional reporting by Enrico Dela Cruz; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

☆ Putin's nuclear threats are pushing people like Trump and Elon Musk to press for a Ukraine peace deal. A nuclear expert warns that's 'dangerous.'
▼ + stars: | 2022-10-15 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +8 min

Growing fear of nuclear war has prompted calls for an immediate settlement to end the war in Ukraine. But abandoning support for Ukraine now could spur Russia and others to make more nuclear threats. "Just giving in at this point would actually be dangerous," nuclear expert Pavel Podvig told Insider. In discussions with Insider, Podvig said that Russia could decide to use nuclear weapons if its hold over Crimea were threatened. Instead of capitulation, dressed up in a universal desire for peace, he argued, "You could in effect show – demonstrate in practice — that nuclear weapons are not a useful instrument of terror and compellence."

☆ Trump told Rudy Giuliani to 'go wild' and 'do anything you want' in seeking to overturn the 2020 presidential election: book
▼ + stars: | 2022-09-28 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

Trump told Giuliani he could "go wild" in challenging the 2020 results, per a forthcoming book. In "Confidence Man," NYT reporter Maggie Haberman detailed how Trump placed his faith in Giuliani. "My lawyers are terrible," Trump reportedly said of many of the other attorneys on his team. Haberman detailed in the book that Trump spoke of Giuliani's newfound control during a phone call. I don't care," Trump reportedly said, according to Haberman.

☆ Biden's student loan relief plan will cost $400 billion. Republicans call it 'unsustainable' and Democrats say it will give 'Americans more breathing room.'
▼ + stars: | 2022-09-26 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

A new report from the Congressional Budget Office finds student loan relief will cost $400 billion. Now, the nonpartisan Congressional Budget Office is shedding light on how much relief will cost: $400 billion, plus $20 billion from outstanding loan payments and interest being paused through December. The $400 billion also pales in comparison to major expenditures from the administration, like $796 billion on defense in 2022. The student loan relief will disproportionately impact Black and Latino borrowers, millennials, and public servants such as teachers, police, and non-profit workers. "Today's CBO estimate makes clear that millions of middle class Americans have more breathing room thanks to President Biden's historic decision to cancel student debt," Sens.

☆ Rep. Matt Gaetz sought a preemptive pardon from Trump over an investigation into whether he sex-trafficked a 17-year-old, WaPo reports
▼ + stars: | 2022-09-18 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

The Washington Post reported Gaetz sought a preemptive presidential pardon in a sex trafficking investigation. Sources told WaPo that Johnny McEntee, a White House official, testified he received the request from Gaetz. A spokesperson for Gaetz told Insider the congressman never directly asked Trump for a pardon. McEntee also testified Gaetz said he asked White House Chief of Staff Mark Meadows for a pardon. "As for himself, President Trump addressed this malicious rumor more than a year ago stating, 'Congressman Matt Gaetz has never asked me for a pardon.'

☆ Legal problems galore await Trump now that he's lost reelection — and, soon, his presidential immunity
▼ + stars: | 2020-11-06 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +14 min

"What the Biden Justice Department will do is let the Justice Department be the Department of Justice," Biden said during an ABC News forum when asked what he'd do about the evidence accumulated during the Mueller investigation. Paul Hennessy/SOPA Images/LightRocket via Getty ImagesAccusations of campaign-finance violationsThe most notable Trump campaign money drama of the moment is a doozy. It involves a complaint filed this summer by the nonpartisan Campaign Legal Center that alleges the Trump campaign "disguised" nearly $170 million worth of campaign spending "by laundering the funds" through companies led by Brad Parscale, his former campaign manager, or created by Trump campaign lawyers. The Trump campaign has denied wrongdoing. They include accusations of illegal solicitation of a foreign national by Donald Trump Jr. and failure to publicly disclose campaign debts stemming from municipal police bills the Trump campaign refuses to pay.

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