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☆ Crypto firms like Binance, Grayscale, and OKX are pouring money into marketing to regain trust and save their companies from the fallout of the FTX implosion
▼ + stars: | 2022-12-01 | by ( Lara O'Reilly | Reed Alexander | Lauren Johnson | ) www.businessinsider.com time to read: +5 min

The bitcoin crash and FTX implosion massively dented the crypto advertising boom. But fewer crypto advertisers can also create an advantage for those still trying to get their messages to consumers. And Dinu added that crypto companies' efforts to advertise to restore trust could persist "well beyond" the next six months. Some crypto companies are still launching splashy campaigns, similar to crypto ad campaigns from the beginning of the year. "Crypto companies have to stop talking about themselves and start talking about how cryptocurrency or blockchain fits into normal people's lives."

☆ Andy Warhol's portrait of the late Queen Elizabeth II has set an auction record, selling for almost $900,000
▼ + stars: | 2022-11-30 | by ( Britney Toh | ) www.businessinsider.com time to read: +2 min

Andy Warhol's 1985 portrait of Queen Elizabeth II sold for almost $900,000, per Canadian auction house Heffel . The portrait of the Queen shattered global records of an editioned Warhol print ever auctioned. Embellished with diamond dust, the print is part of Warhol's 1985 Reigning Queen series. The print is one of four in Warhol's 1985 Reigning Queen series, per The Art Newspaper. This particular print features a portrait of the Queen donning the diamond and pearl Grand Duchess Vladimir Tiara, juxtaposed against a striking regal blue background.

☆ How the founder of SiriusXM wants to tackle an organ shortage with 3D-printed hearts and lungs
▼ + stars: | 2022-11-30 | by ( Andrew Dunn | ) www.businessinsider.com time to read: +5 min

She is the CEO of the $12 billion biotech United Therapeutics and founder of SiriusXM. Her company, the $12 billion Maryland-based biotech United Therapeutics, has already put gene-edited pig hearts, lungs, and kidneys into humans in clinical studies. Rothblatt previously founded SiriusXM before starting United TherapeuticsUnited TherapeuticsThe organ research is far from the first moonshot in Rothblatt's career. After that compound's owner, the pharma giant GSK, declined to test it against PAH, Rothblatt founded United Therapeutics in 1996 and bought the rights to the molecule. That drug helped save Jenesis, and United Therapeutics now sells a suite of PAH treatments that have helped over 12,000 patients.

☆ Ron DeSantis is releasing his first autobiography, in a key sign he's exploring a White House run
▼ + stars: | 2022-11-30 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +5 min

Ron DeSantis has a book coming out on February 28. Ron DeSantis of Florida has an autobiography coming out early next year, in the surest sign yet that he's considering a presidential run. Throughout these experiences, the publisher writes of the forthcoming book, "Ron DeSantis learned the same lesson: He didn't want to be part of the leftist elite." Ron DeSantis. That book's publisher was High-Pitched Hum Publishing in Jacksonville, Florida, a cooperative publisher known as a "vanity press" in literary circles.

☆ Ron DeSantis just announced he has a memoir coming out soon. Here's what we learned from his first book, a scathing take on Obama
▼ + stars: | 2022-11-30 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +13 min

DeSantis wrote the book during the Tea Party movement and before he ran for Congress. He did so throughout his 2011 book, "Dreams from Our Founding Fathers: First Principles in the Age of Obama." According to NPD BookScan, which tracks retail sales of US print books, "Dreams from Our Founding Fathers" sold 125 copies through July of 2022. In one section of the book, DeSantis wrote that Obama lacked the humility of George Washington, the first US president. Obama, DeSantis wrote, "garnered flattering media coverage by a press thoroughly enamored with his progressive politics."

☆ An interior designer to New York City's elite shares the 3 fresh trends that are all the rage and 2 that are out of style
▼ + stars: | 2022-11-30 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +5 min

NYC interior designer Bennett Leifer outlined what's in and what's out right now. He spoke with Insider about what his clients are seeking in their homes now, and the tired trends they're ready to leave behind. John Keeble/Getty ImagesLeifer said his clients aren't using white as a fallback anymore, but rather an intentional decision. "It has to finish a space to a certain degree," Leifer said, but clients aren't falling back on the old rulebook. Instead they're curious to experiment with new touches, like the project where Leifer's using bronze casings around windows.

The euro rose ahead of inflation data due on Wednesday. The Aussie , often used as a liquid proxy for the yuan, rose 1.2% to $0.6734. EURO ZONE INFLATIONThe euro was up 0.4% at $1.0380, not far from a five-month peak of $1.0497 hit on Monday. Flash euro zone inflation figures for November are due on Wednesday, with economists polled by Reuters expecting inflation to come in at 10.4% year-on-year. St. Louis Fed President James Bullard said the Fed needed to raise interest rates quite a bit further, while New York Fed President John Williams and Richmond Fed President Thomas Barkin echoed similar views.

☆ Trolls, propaganda & fear stoke Bukele's media machine in El Salvador
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +23 min

In examining Bukele’s media operation, Reuters interviewed more than 70 people, including former media operatives and social media researchers. It showed Bukele with an 86% approval rating in El Salvador, making him the most popular leader in the region. “The threat in El Salvador used to be from the gangs, now it's from the state,” said Angelica Carcamo, the organization's president. “I found a lot more manipulation in El Salvador than in Mexico,” Escorcia said. A native of Guatemala, Torres has been critical of the governments of El Salvador, Guatemala and Honduras for creating conditions that spur migration.

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: $268.70Average trip cost: $5,654.61Average trip length: 16 daysAverage cost of travel insurance by most popular destinationsSome countries are naturally more expensive travel destinations due to higher flight and lodging costs, which could ultimately increase your travel insurance costs. When calculating your travel insurance premium, travel insurance providers consider the likelihood of a medical emergency. Before getting a travel insurance policy, it's essential to make sure that the terms match your needs or concerns. Read the fine print of any travel insurance policy before purchasing.

Salesforce, which develops cloud-based, customer relationship management software for businesses, has consistently delivered revenue growth in recent years through its subscription-license model. Near-term operating margins Investors will be closely watching operating margins to ensure the company can scale up and expand into new markets, all while maintaining profitability. Last quarter, Salesforce reiterated it expects its operating margin for 2023 to climb by 170-basis points year-over-year, to 20.4%, a bullish forecast in the face of currency headwinds and broader economic uncertainty. In a research note Sunday, analysts at Stifel described the margin expansion forecast as "intriguing in a slower growth environment," while calling the target "highly achievable." Last quarter, Salesforce warned that its customers have taken a more "measured approach" to their businesses due to macro uncertainty.

☆ Access to alternative investments have never been easier, but some VCs don't think that's a good thing
▼ + stars: | 2022-11-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Insider's Asia Martin spoke to some VCs who were skeptical about startups broadening access into these risky, illiquid assets. It's a common dilemma in fintech, as Asia pointed out to me, as access often takes precedence over education. Click here to read more about opening up access to alternatives and why some VCs are questioning it. From political donations to sports teams, this is everything the FTX founder spent money on. We asked top VCs to identify the best startups that help developers build apps for the cloud.

☆ The 11 Best Flannel Shirts for Men, According to Style Experts
▼ + stars: | 2022-11-27 | by ( ) www.wsj.com time to read: +5 min

By Rachel MoselyWhether your current climate is mild wintry bliss or more like cold-weather chaos, the flannel shirt can be a wardrobe hero this season. To find out, we asked fashion pros for their flannel favorites, from bold plaid and buffalo-check versions to subtler monochromatic pieces. Formal(ish) pickFor an elevated spin on flannel, consider this wool-cashmere option from Ralph Lauren, suggests New York City-based stylist Andrew Franco. Patchwork printA mix of multihued, cotton flannel panels gives this shirt an eye-catching effect. Pair the flannel with chinos, corduroys, denim or even sweatpants to “go all in on the skater look,” Tsui adds.

Among them is Best Buy: Its holiday sale began on October 24 and we expect even better deals to pop up today. It's now available on clearance from Best Buy, making it even more affordable to buy than ever. $739.00 from Best Buy Originally $799.00 Save 8%Best Buy Cyber Monday 2022: What to expectThough Best Buy's holiday sale already kicked off a while ago, the best deals are cropping up today on Cyber Monday. Best Buy has stated that its sale has already begun since October 24, but we expect the best deals to show up on Cyber Monday. Best Buy store hours differ by location, so you'll need to check your local store's Cyber Monday hours.

In the early 2010s, Mr. Mellow set out for still more distant shores, traveling to many famous surf breaks in the South Pacific. Mr. Abdul-Rashed and Mr. Danian traveled to Hawaii to connect with Mr. Mellow, their spiritual guide and Pacific expedition leader. Mr. Mellow posted an ad on Facebook and Craigslist offering $10,000 for passage to the South Pacific. Mr. Schmidt was in sync with the young seekers when it came to fear of Big Brother and vaccines, but dreading port officials brandishing nasal swabs struck even Mr. Schmidt as a little unhinged. When asked if he was at all responsible for what had happened to Mr. Danian and Mr. Abdul-Rashed, Mr. Mellow looked genuinely confused.

☆ Top Wall Street analysts say buy these stocks during a market downturn
▼ + stars: | 2022-11-27 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

This means investors need to shift their focus toward longer-term prospects instead of fixating on near-term gyrations in the market. See below for five stocks picked by Wall Street's top pros, according to TipRanks, a platform that ranks analysts based on their previous performance. However, after the company posted its quarterly results, Susquehanna analyst Christopher Rolland noticed that Nvidia is "getting back on track." This prompted him to reiterate a buy rating on the stock and raise the price target to $185 from $180. (See Marvell Stock Chart on TipRanks) Looking beyond the quarter, Rolland sees several upsides to Marvell.

☆ Falling house prices will help the Fed tame inflation – but they also increase the risk of a prolonged economic downturn
▼ + stars: | 2022-11-26 | by ( George Glover | ) www.businessinsider.com time to read: +5 min

But a housing market slowdown also increases the risk of a recession. The aggressive monetary tightening lifted the average 30-year US mortgage rate from 5.60% to 6.84% over the last three months, according to Bankrate. "A decline in home buying is one of the byproducts of tighter monetary policy," Macquarie's head of economics David Doyle told Insider. What has the Fed said about the housing market? Should borrowing costs remain too high for too long, those industries risk facing a decline in business at a time when monetary tightening is already squeezing their cash flows.

☆ Musk plans to relaunch Twitter premium service, again
▼ + stars: | 2022-11-25 | by ( Associated Press | ) www.nbcnews.com time to read: +5 min

LONDON — Elon Musk said Friday that Twitter plans to relaunch its premium service that will offer different colored check marks to accounts next week, in a fresh move to revamp the service after a previous attempt backfired. Twitter previously suspended the premium service, which under Musk granted blue-check labels to anyone paying $8 a month, because of a wave of imposter accounts. Originally, the blue check was given to government entities, corporations, celebrities and journalists verified by the platform to prevent impersonation. In the latest version, companies will get a gold check, governments will get a gray check, and individuals who pay for the service, whether or not they’re celebrities, will get a blue check, Musk said Friday. It’s also likely to put the company on a crash course with European regulators seeking to clamp down on harmful online content with tough new rules.

☆ Don't bank on free returns: 60% of retailers roll out stricter policies
▼ + stars: | 2022-11-25 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

Roughly 60% of retailers said they're making changes to existing returns policies, with fewer promising free returns, according to a recent survey of retail executives. "These adjustments in return policies are not there to cover costs," Kieboom said. "The more money retailers lose on returns the more they have to make up for that by raising prices," Beitelspacher said. How to avoid return feesStill, shoppers love free returns almost as much as they love free shipping. In fact, 98% of consumers said that free shipping was the most important consideration when shopping online, followed by more than three-quarters who said the same about free returns, according to a recent report by PowerReviews.

☆ UBS says recession in 2023 will be an inch deep but a mile wide — and that’s not priced into stocks
▼ + stars: | 2022-11-25 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Global economic conditions will shift next year and that's going to flip which markets and sectors underperform, according to the chief strategist of UBS Investment Bank. Bhanu Baweja told CNBC's "Squawk Box Europe" on Wednesday that between one-third and half of the countries the bank covers globally are facing a recession. "It's an inch deep but it's a mile wide," he said of the expected recession. "Global growth is at 2% and that is not priced into stocks." Baweja pointed to the S & P 500 's underperformance this year so far, down 15.5%, relative to Europe's Stoxx 600 's 9.6% fall.

Market betting has been swinging between a 50- and a 75- basis-point increase when policymakers meet on Dec. 15. "It's extremely exciting but predicting the ECB for a market participant has become impossible," Carsten Brzeski, global head of macro at ING, said. That saves it from more painful changes of tack after ECB President Christine Lagarde went from all but ruling-out rate hikes this year to presiding over the steepest tightening cycle in the euro's history. But Lane said in a blog post on Friday it may "overstate" how persistent inflation may be. "Inflation is being driven by factors they can't control," he added, citing energy prices, geopolitical tensions and supply-chain disruptions as some of them.

☆ Markets are blindly expecting the best – but inflation might not cool to the Fed's 2% target until late 2024, says Federated Hermes' top stock-picker
▼ + stars: | 2022-11-24 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

It's too optimistic to think interest rate rises are done, says Federated Hermes' chief strategist. "The market is whistling past the graveyard and expecting the best thing to happen," Phil Orlando said. It could take until the end of 2024 for inflation to fall to the Fed's 2% target, he added. "Right now the market is whistling past the graveyard and expecting the best things to happen," he told Yahoo Finance on Wednesday. The Consumer Price Index rose by a lower-than-expected 7.7% last month, offering markets the strongest sign yet that inflation is starting to fall.

☆ DeSantis' scathing book about Obama shows his 'individual freedom' philosophy, his disdain for the media, and how he studies other politicians
▼ + stars: | 2022-11-24 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +12 min

DeSantis wrote the book during the Tea Party movement and before he ran for Congress. He did so throughout his 2011 book, "Dreams from Our Founding Fathers: First Principles in the Age of Obama." DeSantis wrote the book as he was coming of age in politics during the Tea Party movement. In one section of the book, DeSantis wrote that Obama lacked the humility of George Washington, the first US president. Obama, DeSantis wrote, "garnered flattering media coverage by a press thoroughly enamored with his progressive politics."

☆ Potential News Corp, Fox reunion faces opposition from large shareholder
▼ + stars: | 2022-11-23 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Independent Franchise Partners told the Journal that a straight equity exchange between Fox and News Corp would dilute and delay the realization of News Corp's substantial intrinsic value. The firm wouldn't oppose a recombination so long as it was done in a way that would see News Corp shares valued at more than $30. However, it believes the only way to realize that share price is to sell parts of News Corp, which was trading at around $18 on Wednesday. This is not the first non-Murdoch shareholder to push back on the proposed deal. Earlier this week, Irenic Capital Management said it sent a letter to the special committee saying Fox didn't serve News Corp's strategic goals, and, like Independent Franchise, believes News Corp shares are undervalued.

☆ Mortgage rates have dropped and home sales are down by almost 30% from last year. One of the richest women in real estate explains why it's still a good time to be in the market.
▼ + stars: | 2022-11-23 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

The 30-year fixed mortgage rate is at 6.61%, down from a peak of 7.08%. There appears to be some movement on the housing front as mortgage rates have steeply dropped. As of 2017, Herman had a net worth of $260 million, making her the richest self-made woman in US real estate according to Forbes. You can't compare current mortgage rates to last year's print of 3%, which she noted was an anomaly she hasn't seen in her 30 years of being in the industry. But historically we are really not at high-interest rates," Herman said.

☆ How radio DJs are using TikTok to find new listeners as the app takes over music discovery
▼ + stars: | 2022-11-23 | by ( Dan Whateley | ) www.businessinsider.com time to read: +6 min

"If you can incorporate a TikTok Live while you're actually live on the air broadcasting, there's something really cool about it," he said. She added: "I noticed a huge spike in the people that were listening to my radio station or that just knew of the radio station. Like other incumbents in the music world, radio companies are now determining the best way to use TikTok to grow their businesses. Meanwhile, SiriusXM, which streams over satellite, digital, and via partnerships with auto manufacturers, launched last year a dedicated TikTok radio channel in partnership with the short-video app. As for the radio talent themselves, they're well aware of the impact that TikTok can have on their careers.

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