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☆ Tencent raids its pantry ahead of lean tech times
▼ + stars: | 2022-08-17 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Aug 16 (Reuters Breakingviews) - Tencent (0700.HK) is preparing for tough times ahead. The Chinese giant plans to offload all or a chunk of its $24 billion stake in food delivery group Meituan (3690.HK), Reuters reported read more , citing sources. The eight-year old investment has proven lucrative: annualised total returns were nearly 20% since Meituan's 2018 Hong Kong debut, versus negative 6% for the Hang Seng Index. Nevertheless, a stock overhang — Tencent owns some 17% — sent its shares down 10% on the news. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Republicans' next big play is to 'scare the hell out of Washington' by rewriting the Constitution. And they're willing to play the long game to win.
▼ + stars: | 2022-07-31 | by ( Grace Panetta | Brent D. Griffiths | ) www.businessinsider.com time to read: +27 min

Whether it happens, he said, is highly dependent on Republicans' success winning state legislatures during the 2022 midterm elections. But not everyone in the conservative constitutional convention movement believes such a gathering is so imminent. Constitutional convention boosters include many of Trump's current and former allies, including conservative legal scholar John Eastman, Florida Gov. In 2012, the Republican National Committee went so far as to pass a resolution formally opposing the convention movement. A convention of states would be the first of its kind since the original Constitutional convention in Philadelphia in 1787.

But to fully understand why rising bond yields make stocks less attractive, we need to look at what those yields mean in the real world and why they move. Why should we care about bond yields Bond yields, which move inversely to bond prices, have been going up in the current environment because inflation is bad for bonds and we've got tons of inflation. Doing so provides us with an earnings yield. Flip that and we get 1/20 or a 5% earnings yield. Now, an investor may have been happy to receive a 5% earnings yield when the risk-free yield was 1%.

It's common for recruiters to use phone interviews to whittle down their options. Without body language, there's no way of knowing whether the person you're talking to is actually finished. In "The Essential Phone Interview Handbook," author Paul Bailo also recommends speaking as little as possible. "The less you say and the more you listen, the better the phone interview," he told Insider. Making yourself too comfortableOf course, it's important you conduct phone interviews in an environment where you feel comfortable.

☆ The definitive story of how a controversial Florida businessman blew up MoviePass and burned hundreds of millions
▼ + stars: | 2019-09-13 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +28 min

In 2017, he became the CEO of data company Helios & Matheson Analytics. At that price MoviePass would start losing money when a subscriber used the service more than once a month. MoviePass CEO Mitch Lowe and Helios & Matheson CEO Ted Farnsworth after the company hit 1 million subscribers. The same day MoviePass reached 1 million subscribers, a milestone it hit faster than Netflix and Hulu. Related storiesTo draw a crowd, MoviePass blasted out an invitation to the Big Boi show to its then 2 million subscribers.

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