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☆ BuzzFeed's $300M purchase of Complex promised to grow both brands, but insiders say strategies have clashed and Complex's culture is being 'completely gutted'
▼ + stars: | 2023-01-03 | by ( Lucia Moses | ) www.businessinsider.com time to read: +9 min

Complex insiders worry that the cuts threaten their brand's culture and future. Clashing video strategies as some fear Complex culture is being 'completely gutted'Kevin Hart appeared on Complex's "Hot Ones" series. Before joining with BuzzFeed, Complex's then-CEO Rich Antoniello had conversations with Vice Media and Vox Media. But Complex insiders felt especially aggrieved when, this fall, BuzzFeed announced a global expansion for ComplexCon. To Complex insiders, BuzzFeed's plan to take the event to Australia, Europe, and Asia simultaneously was unrealistic and under-resourced.

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☆ INDIA RUPEE Rupee to open flat; volatility tipped to rise later in Jan
▼ + stars: | 2023-01-02 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, Jan 2 (Reuters) - The Indian rupee is tipped to open little changed against the U.S. dollar on Monday, with traders assessing the outlook for the local currency after a difficult year. The rupee is expected at around 82.70-82.75 per dollar at the open, compared to 82.72 in the previous session. We anticipate an increase in volatility later this month on new positions and flows and before India's budget, the trader said. At the open, the rupee will have to contend with the 3% jump in Brent crude futures on Friday. The dollar index was little changed, at around 103.5, to begin the week.

☆ TikTok is ‘digital fentanyl,’ incoming GOP China committee chair says
▼ + stars: | 2023-01-01 | by ( Andrew Millman | ) edition.cnn.com time to read: +6 min

Washington CNN —TikTok is an addictive drug China’s government is providing to Americans, says the incoming chairman of a new House select committee on China. TikTok, whose parent company, ByteDance, is Chinese-owned, has been banned from electronic devices managed by the US House of Representatives, according to an internal notice sent to House staff. The move comes after more than a dozen states in recent weeks have implemented their own prohibitions against TikTok on government devices. “We have to ask whether we want the CCP to control what’s on the cusp of becoming the most powerful media company in America,” he told NBC. Security experts have said that the data could allow China to identify intelligence opportunities or to seek to influence Americans through disinformation campaigns.

Rapid tests have always been second to polymerase chain reaction, or PCR, assays when it comes to accuracy. Home-test kits have expiration datesAt-home COVID-19 test kits are one of the more convenient inventions to come out of the pandemic. Over-the-counter test kits typically have a sticker on the box indicating an expiration date and manufacturing date. One study found that false positives showed up when unexpected substances were directly applied to test kits. That is if you use the rapid test correctly and wait at least three-to-five days since a COVID-19 exposure to swab yourself.

☆ The 10 biggest winners in the S&P 500 this year were led by an oil giant Warren Buffett owns. The top stocks saw a combined $357 billion increase in market value.
▼ + stars: | 2022-12-31 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Oil stocks dominated the S&P 500's top 10 winners this year as commodity prices spiked. These are the index's 10 best performing stocks in 2022, which added a combined $357 billion in market value. Buffett also owns a stake in Chevron, which was the 17th best S&P 500 performer in 2022 with a gain of about 50%. Combined, the top 10 performing S&P 500 stocks in 2022 added a total of $357 billion in market value. SchlumbergerThe exterior of a Schlumberger Corporation building is pictured in West Houston ReutersTicker: SLB2022 Return: 76.7%Market Value Gained: $33.5 billion5.

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☆ No more Newsy: The streaming and broadcast network rebrands as Scripps News under Warren Buffett-backed E.W. Scripps
▼ + stars: | 2022-12-31 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +9 min

Streaming and broadcast news network Newsy is being scrapped and rebranded as Scripps News. Parent company E.W. Bellini is a San Francisco-based reporter for Newsy, the 14-year-old streaming news platform owned by E.W. Scripps News is also absorbing scores of executives from a national desk that fed the company's 61 local stations. Its local stations pulled in $208 million in ad revenue thanks to the midterm elections.

☆ These people kept New Year's resolutions like saving $20,000 and reading 52 books — here's how they did it
▼ + stars: | 2022-12-31 | by ( Eve Peyser | Forge Medium | ) www.businessinsider.com time to read: +11 min

My most successful resolution to date was in 2020, when I vowed to learn how to drive a car. Courtesy of MikeI used to only set unquantifiable New Year's resolutions for myself, like "lose weight." But now I think of resolutions as goals I can accomplish that would be nice for me, not for anyone else. I really just try to frame my resolutions as, "What would make me feel really good this year?" I decided not to spend money on clothing, books, media, and video games, which was really hard because Animal Crossing came out that year.

But if you’ve booked your Southwest flight with a credit card that offers travel insurance, you may have better chances of getting your money back. Here’s what Southwest may agree to cover — and how your credit card might help if the airline falls short of your expectations. How to use credit card travel insuranceTo use travel protections available with your credit card, make sure you purchase your airplane tickets with that card. You can also call your credit card issuer and talk about your specific situation to ensure that coverage will apply. If your credit card doesn’t offer travel insurance but you travel often, it might make sense to look into cards with this benefit for your future trips.

Chase Premier Plus Checking℠ 3.5 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 3.5 out of 5 Stars Annual Percentage Yield (APY) 0.01% effective as of 7/1/2022. Interest rates are variable and subject to change Minimum Deposit Amount $0 Fees $25 View Full Details Learn MoreChase Premier Plus Checking℠ 3.5 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 3.5 out of 5 Stars Annual Percentage Yield (APY) 0.01% effective as of 7/1/2022. Apply now A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.8 out of 5 Stars Editor's Rating A tooltip OUR EDITOR'S RATINGS ARE PRIMARILY BASED ON 3 THINGS: SIMPLICITY, AFFORDABILITY, AND VALUE. Apply now A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.6 out of 5 Stars Editor's Rating A tooltip OUR EDITOR'S RATINGS ARE PRIMARILY BASED ON 3 THINGS: SIMPLICITY, AFFORDABILITY, AND VALUE. Apply now A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.6 out of 5 Stars Editor's Rating A tooltip OUR EDITOR'S RATINGS ARE PRIMARILY BASED ON 3 THINGS: SIMPLICITY, AFFORDABILITY, AND VALUE.

Pot RoastWhen Pot Roast became fatally ill last month, heartbroken fans took their grief out on her owner. She added that Pot Roast died in her arms. In the wake of Pot Roast's death in February, Pot Roast's mom was harassed and criticized for using jokes and dark humor to cope with the loss of her pet. Since Pot Roast's passing, Pot Roast's Mom has adopted two new cats: Soup and Coupon. I do be missing her voice rn.”As of December, it appeared Tylers’ account was no longer available on TikTok.

With the right travel credit card, you might find yourself actually looking forward to arriving at the airport. Just by holding a single card like the United℠ Explorer Card, you can travel better than the vast majority of everyone else. Just by opening a single credit card, you can up your travel game in a profound way. Let's take a look at five ways you can drench your travel experience with Tabasco sauce by opening just a single credit card: The United℠ Explorer Card. But you can avoid paying for checked bags with an airline credit card like the United℠ Explorer Card.

☆ Turkey annual inflation to ease to 66.8% in December, 43.2% a year later - Reuters poll
▼ + stars: | 2022-12-28 | by ( ) www.reuters.com time to read: +3 min

ISTANBUL, Dec 28 (Reuters) - Turkey's annual inflation is expected to fall sharply to 66.8% in December due to a favourable base effect but drop only to 43.2% by the end of 2023, a Reuters poll showed on Wednesday, while monthly price rises should remain elevated. In the Reuters poll of 12 economists, the median estimate for annual December inflation was 66.8%. Prices continue to rise sharply month-to-month with the median estimate at 2.7%, in a wide range of 1.40% and 4.10%. However, economists see inflation dropping only to 43.2% by end-2023, according to the median estimate of eight economists in the Reuters poll, with forecasts ranging between 33% and 48%. The Turkish Statistical Institute is scheduled to announce December inflation data at 0700 GMT on Jan. 3.

☆ Former WH aide says Trump allies helped deliver a ‘dolly of boxes’ full of what may have been classified intelligence documents to the Situation Room in the final days of Trump’s presidency
▼ + stars: | 2022-12-28 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +3 min

A former WH aide detailed the flow of intelligence documents to the Situation Room during Trump's last days. In a new transcript, she described how Trump allies including Meadows sought boxes of documents from congress. "On December 31st — or December 30th — we got all the documents, Hutchinson told the committee in a May 17, 2022 interview. "And why would they need to bring them to the White House to look into them?" "I don't know," she answered, maintaining that she never took part in the meetings between the White House officials and Republican allies, despite her top security clearance.

☆ What’s Your Savings Rate? These Banks Are Paying 10 Times the National Average
▼ + stars: | 2022-12-28 | by ( ) www.wsj.com time to read: +9 min

Savings accounts have followed suit, with many top accounts yielding 3%, or even 4%, up from less than 1% earlier this year. The average savings account still earns just 0.3%, according to the Federal Deposit Insurance Corp. Accordingly, the highest APYs you can expect to find on savings accounts today are clustered close to that figure. If your main priority is simply the best rate, some online banks with less name recognition are pushing the envelope even further. Leon says digital institutions tend to be among the most competitive in their rates for CDs as well as savings accounts.

☆ How Amazon's cloud unit is helping researchers analyze genetics
▼ + stars: | 2022-12-28 | by ( Ashley Capoot | ) www.cnbc.com time to read: +6 min

Amazon Web Services recently launched general availability for Amazon Omics, which helps researchers store and analyze omic data like sequences of DNA, RNA and proteins. Amazon Omics helps researchers sort through their data by providing them with three components that they can leverage individually or as a collective. More than a dozen customers and partners tested a beta version of the service and are already using Amazon Omics. He said the department spent five years expanding the infrastructure to analyze omics data, and now it's no longer something they need to build or maintain themselves. C2i is a biotechnology company that's working to use genomic data to develop personalized treatments for cancer.

☆ Flight canceled? Here are some expert tips.
▼ + stars: | 2022-12-27 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

Staying calm — and knowing your rights — can go a long way if your flight is canceled, experts say. Here’s some of their advice for dealing with a flight cancellation:My flight was canceled. Can I ask to be rebooked on another airline's flight? Airlines aren’t required to put you on another airline’s flight, but they can, and sometimes do, according to the DOT. Agents are typically under a lot of pressure when a flight is canceled, so giving them some options helps.

☆ Top Marketers Are Turning Their Side Projects Into Legitimate Businesses
▼ + stars: | 2022-12-27 | by ( Patrick Coffee | ) www.wsj.com time to read: +7 min

Turning side projects into stand-alone businesses or full-time occupations can be difficult or even impossible for chief marketing officers, whose jobs have become increasingly demanding and complex. “I loved the idea of Paris, especially as a place that I might someday pluck up the courage to start the company,” said Ms. Howard. Dashlane was unaware that Ms. Howard was developing a new company until she announced her resignation, she said. Soon after he left the soft-drink giant, Mr. Cottrill received a call from industry veteran Gary Koepke. New ideas, new challengesWorking on side projects has helped marketers develop different skill-sets and, in some cases, explore new careers.

☆ Hit by climate change, farmers in Cambodia are risking everything on microfinance loans
▼ + stars: | 2022-12-27 | by ( Jenni Reid | ) www.cnbc.com time to read: +8 min

The loans are also seeing farmers put assets including their land up as collateral, even when the loans are high-interest and have short repayment windows. Taylor Weidman | Bloomberg | Getty ImagesNGOs estimate around 167,000 Cambodians have sold their land to pay microfinance loans over the last five years. A 2016 book published by the World Bank argued microfinance loans had reduced poverty and increased incomes in Bangladesh, and banking giant HSBC still promotes its funding of microfinance in the country. But the World Bank, an early and longstanding advocate of microfinance, has also been warning for years of risks including overindebtedness and the growing commercialization of the industry. In the capital Phnom Penh, she added, she commonly meets people working seven days a week to pay off spiraling MFI loans.

☆ Here’s our third-quarter earnings report card for all the stocks in our portfolio
▼ + stars: | 2022-12-27 | by ( Zev Fima | ) www.cnbc.com time to read: +17 min

Third-quarter earnings season is finally behind us — and like the prior quarter, results were solid overall compared to analyst forecasts. Danaher (DHR) reported sales and earnings beats on the back of better-than-expected results in all three segments of the health technology company. While U.S. customer traffic was down in the quarter, management noted that it improved sequentially and improved throughout the quarter. Still the luxury hotel and casino company reported solid third-quarter results boosted by its U.S. properties. Amazon (AMZN) reported results that were disappointing, to say the least, and compounded by guidance that was even worse.

☆ Barnes & Noble announces 30 new brick-and-mortar stores
▼ + stars: | 2022-12-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBarnes & Noble announces 30 new brick-and-mortar storesJames Daunt, Barnes & Noble CEO, joins 'Squawk on the Street' to discuss retail competition with Amazon, the pandemic leading to a surge in readership and the desire for print books versus e-books.

The average cost of travel insurance has increased over the past week, according to travel agency Squaremouth. Travel insurance weekly rates at a glance:Average premium: $188.33Average trip cost: $4,778.06Average trip length: 16 daysWhat is travel insurance? Insider's Featured Travel Insurance Companies World Nomads Travel InsuranceAllianz Travel InsuranceTravelex travel insurance Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. When calculating your travel insurance premium, travel insurance providers consider the likelihood of a medical emergency. Travel Insurance Rates FAQsHow much does travel insurance cost?

☆ Psychedelic therapies are on the horizon. Who will administer them?
▼ + stars: | 2022-12-26 | by ( Danica Jefferies | Danica Jefferies Is An Intern With The Data Graphics Team For Nbc News Digital. | ) www.nbcnews.com time to read: +11 min

Psychedelic therapy is nowhere near as simple as filling a prescription and taking a pill at home. A clinical psychologist, she founded and now leads the first accredited psychedelic therapy training program in the U.S. at the California Institute of Integral Studies. The psychedelic therapy program entails 150 hours of instruction and several in-person training sessions. So why the growing interest in using psychedelic drugs for mental health? Treatment with psychedelic drugs is not as simple as giving the patient a pill to take at home, and it’s not for everybody.

☆ A New Year’s Resolution for Stemming Retail’s Returns Tsunami
▼ + stars: | 2022-12-26 | by ( Alan Amling | Thomas Golds | ) www.wsj.com time to read: +6 min

So why haven’t retailers taken significant steps to improve the returns process and stop it from imploding their profitability? Photo illustration: Laura KammermannThe first step in solving the problem is to appoint an executive responsible for the end-to-end returns process. Researchers at the University of Tennessee have broken the returns process into five “pathways” to help returns executives better understand improvement opportunities. The best way to mitigate returns costs, of course, is to find ways to limit returns before they happen, in the pre-sale process. As goods move through the returns process, costs and waste increase dramatically.

☆ Fanatics Hires CFO for Collectibles Business After Topps Deal
▼ + stars: | 2022-12-23 | by ( Nina Trentmann | ) www.wsj.com time to read: +5 min

Jacksonville, Fla.-based Fanatics said this week that Greg Abovsky started as chief financial officer for the collectibles business earlier this month. As CFO, Mr. Abovsky plans to build out the division’s finance team and its trading card business as it looks to expand. Fanatics plans to expand its portfolio into culture and entertainment cards, said Mike Mahan, chief executive officer of the collectibles business. Fanatics expects its collectibles business will fare well in the coming years, despite the threat of a potential downturn. Both Mr. Abovsky and Mr. Mahan declined to comment on if and when Fanatics could list on the public markets.

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