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☆ America's best tool to fight inflation and prevent recessions is facing a dangerous death spiral
▼ + stars: | 2022-10-13 | by ( Austin Clemens | Erica Groshen | ) www.businessinsider.com time to read: +11 min

Threats to truthConsider the many benefits of having a source of trustworthy and publicly available economic data. Of course, private datasets, like those used by Opportunity Insights, the JPMorgan Chase Institute, and Earnest Research, complement federal statistics. In addition to competition from other sources, statistical agencies are facing a lack of money. Sustaining the future of statsThe good news is that statistical agencies are trying to keep up with the times. To continue producing this work, federal statistical agencies need a funding boost.

☆ Cookies might not be tracking you, but some brands are
▼ + stars: | 2022-09-28 | by ( Leticia Miranda | Leticia Miranda Is A Business Reporter For Nbc News. | ) www.nbcnews.com time to read: +12 min

And for consumers who want to cut down on corporate monitoring, hitting “decline cookies” might not make much of a difference. Ulta Beauty’s Brent Rosso, vice president of the cosmetics seller’s ad business, called retail media networks “the hottest thing in the media world.”The Home Depot app encourages users to allow tracking. Home DepotNew ways to track and targetBefore the rise of retail media networks, retailers regularly sold ad space like sponsored products or banner ads on their own digital properties. But many retail media networks combine first-party data with existing third-party information, such as demographic data, to build more detailed profiles on consumers. About $40 billion will be spent this year across retail media networks alone, the analytics firm projects.

☆ A Microsoft exec just joined Bank of America for a new role at the bank focused analyzing and innovating with customer data
▼ + stars: | 2022-09-23 | by ( Carter Johnson | ) www.businessinsider.com time to read: +3 min

Bartholf will report to David Tyrie, the bank's chief digital officer and head of global marketing. Like other Wall Street firms, BofA faces an abundance of data as customer interactions go digital. Bank of America just nabbed a top exec from Microsoft as the nation's second-largest bank looks to build out a new data and analytics team. Bartholf will head up a new, centralized group at the bank focused on data, the memo said. Based in Charlotte, Bartholf joins Bank of America after spending more than two decades at Microsoft.

☆ Automation and AI May Be Safe From Tech Budget Cuts, Says Databricks CEO
▼ + stars: | 2022-09-20 | by ( Kim S. Nash | ) www.wsj.com time to read: +2 min

Automation is one part of the corporate tech budget unlikely to see cuts as companies tighten spending amid an economic downturn, said Databricks Inc. Chief Executive Ali Ghodsi. The company offers open-source tools for storing and analyzing large troves of data, with a focus on building artificial intelligence applications. Open-source data tools can help avoid lock-in, a scenario in which a tech provider often raises fees or slows innovation over time, he said. Farming and construction equipment maker Deere & Co., for example, is looking to Databricks’ open-source tools to build a repository for data analytics. Mr. Ghodsi declined to put a date on an IPO other than to say it will be “in the not too distant future.”Write to Kim S. Nash at kim.nash@wsj.com

☆ Trump is under investigation for breaking these 8 federal laws
▼ + stars: | 2022-08-12 | by ( Camila Dechalus | Sonam Sheth | ) www.businessinsider.com time to read: +8 min

The DOJ is investigating if Trump violated three federal laws related to his handling of national security information. Soon after, it surfaced that the Justice Department is investigating whether Trump violated three federal laws related to his handling of national security information and classified documents. The House select committee running a parallel congressional investigation into the siege has sought to build the case that Trump violated at least five federal laws connected to his efforts to overturn the 2020 US election. Here's a breakdown of the eight federal laws that Trump may have violated:The Espionage ActThe DOJ is investigating if Trump violated a key facet of the Espionage Act relating to the removal of information pertaining to the US's national defense. Concealment, removal, or mutilation of recordsThere are two other laws Trump is suspected of violating in connection to his handling of government documents.

☆ Inside the little-known tool that gives JPMorgan Chase the power to collect data about everything its employees do at work
▼ + stars: | 2022-05-27 | by ( Reed Alexander | ) www.businessinsider.com time to read: +22 min

Insider learned about the WADU system through interviews and leaked internal documents that explain what kinds of data it captures. Though the use of Palantir was reportedly for security purposes, JPMorgan employees who spoke to Bloomberg said the situation quickly escalated. When companies are opaque about how they use employee data, the consequences can be detrimental — from harming employee "engagement" to eroding their "mental health," Garr said. Companies that fail to do this run the risk of cultivating the kind of mistrust that JPMorgan employees claim is running rampant through their ranks. "It does not sit well with me, what they're doing," said the US-based staffer with direct knowledge of the WADU system.

☆ Denmark's most popular eToro trader breaks down how his time as an elite chess player helped shape the strategy that made him 400% returns on bitcoin this year and led 20,000 people to copy his portfo
▼ + stars: | 2021-07-29 | by ( Tom Turula | ) www.businessinsider.com time to read: +7 min

His portfolio generated 44% in returns in 2020.Insider asked Jain Kongsted how he invests and why he thinks his portfolio is so popular. His background as an elite chess player gives him a leg up in investing"The best chess players know thousands of patterns on a chess board," Jain Kongsted said. Elite chess also taught Jain Kongsted to "keep his head cool" when trades go bad. Besides chess, Jain Kongsted is also champion of Scrabble. And he spent thousands of hours studying stock charts, "until they took on a life of their own."

Persons: Jain Kongsted, eToro, Jain, Jain Kongsed, they've, —, Elon Musk, Jain Kongsted didn't, Tesla, It's, That's Organizations: Business, Visa, Gamestop Locations: Denmark, Europe, Danish, bitcoin, cryptocurrencies

☆ Trump and the GOP may be headed for an expensive divorce fight over donor and voter data
▼ + stars: | 2021-01-22 | by ( Dave Levinthal | Tom Lobianco | ) www.businessinsider.com time to read: +9 min

A Trump campaign spokesman did not immediately return a request for comment. Donald Trump personally trademarked the slogan, and his presidential campaign subsequently assumed the trademark. It can even generate cash for years after a political campaign goes dormant. Romney's presidential committee finally terminated itself in September, transferring much of its remaining $92,000 to Romney's US Senate campaign committee after paying off lingering bills. Donations benefited both the Trump presidential campaign and RNC.

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