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[1/6] Takeshi Hakamada, "ispace" 's founder and chief executive, is pictured at a venue to watch landing of the lander in HAKUTO-R lunar exploration program on the Moon, in Tokyo, Japan, April 26, 2023. But a lunar landing would be an ambitious feat for a private firm. The Japanese firm "determined that there is a high probability that the lander eventually made a hard landing." In disclosure to the Tokyo Stock Exchange, ispace said it did not expect an immediate impact on its earnings forecast. The lander completed eight out of 10 mission objectives in space that will provide valuable data for the next landing attempt in 2024, Hakamada said.

☆ Messy eating habits might reveal elusive black hole
▼ + stars: | 2023-04-25 | by ( Ashley Strickland | ) edition.cnn.com time to read: +3 min

The clues uncovered in the experiment might help astronomers find intermediate-mass black holes by searching for evidence of their behaviors. During the simulations, the intermediate-mass black hole snagged the star in its orbit, and each time the star made another lap, the black hole took another bite out of it. Each flare is brighter than the last, creating a signature that might help astronomers find them.”The search for elusive black holesAstrophysicists are still trying to prove if intermediate-mass black holes exist in the first place. The mass of a medium-mass black hole is thought to be between that of a supermassive black hole and a much lower-mass black hole. For example, what appears to be an intermediate-mass black hole might actually be the accumulation of stellar-mass black holes.”During the 3D modeling experiment, stars were able to complete as many as five orbits around an intermediate-mass black hole before being kicked away.

☆ Social media raises bank run risk, fueled Silicon Valley Bank’s collapse, paper says
▼ + stars: | 2023-04-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

After the sudden end of Silicon Valley Bank in March, market participants were quick to point out the role social media played in the velocity of its failure. "Communication and coordination pose a risk to banks, especially when many of the deposits in the bank are uninsured," the academic paper says. "The amplification of bank run risk via Twitter conversations is a unique opportunity to observe communication and coordination that shapes a critically important economic outcome − distress in banks." One called it a "hysteria-induced bank run caused by VCs." "Open communication by depositors via social media increased the bank run risk for other banks that were ex ante exposed to such discussions in social media."

☆ Paper airplane designed by Boeing engineers breaks world distance record
▼ + stars: | 2023-04-14 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +6 min

The engineers had to pay careful attention to the numerous rules and guidelines set forth by the Guinness World Record Team. I didn’t think we could get useful data from a simulation on a paper airplane. The Guinness paper plane record for duration of flight is currently 29.2 seconds. From origami enthusiasts to aerospace engineersRuble and Jensen began their paper plane engineering careers while in middle school, participating in paper airplane events held at Boeing. For those looking to create their own record-breaking paper plane design, the feat is not impossible, but may take some time (and skill).

☆ 6 startups that have raised $100 million or more in 2023 to change healthcare
▼ + stars: | 2023-04-11 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +3 min

The healthcare-staffing startup ShiftKey raised $300 million in a round led by its majority investor Lorient Capital. The clinical-trials-tech startup Paradigm raised a $203 million Series A round led by Arch Venture Partners and General Catalyst. The healthcare-staffing startup ShiftMed raised a $200 million round led by Panoramic Ventures. raised a $200 million round led by Panoramic Ventures. Vytalize Health, a startup that helps doctors provide value-based care, raised $100 million from Enhanced Healthcare Partners, Monroe Capital, and North Coast Ventures.

☆ Softbank-backed adtech firm Permutive announces further layoffs, which could affect up to 40% of staff
▼ + stars: | 2023-04-11 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +2 min

Permutive told staffers this week it's preparing a round of layoffs that may affect up to 40% of staff. It follows an earlier round of layoffs in August last year, which reduced its then-headcount by 12%. Permutive said it wants to focus on profitability amid a challenging economic environment and drop in venture funding. UK-based adtech company Permutive this week announced a layoff that is expected to affect just under 80 staffers, or about 40% of its headcount, Insider has learned. UK employment laws stipulate employers laying off more than 20 staff must consult with employee representatives over redundancy plans.

☆ Kuroda less dovish as he departs BOJ after decade of massive stimulus
▼ + stars: | 2023-04-07 | by ( ) www.cnbc.com time to read: +4 min

Haruhiko Kuroda, governor of the Bank of Japan (BOJ), at the central bank's headquarters in Tokyo, Japan, on Thursday, May 27, 2021. Haruhiko Kuroda, governor of the Bank of Japan (BOJ), at the central bank's headquarters in Tokyo, Japan, on Thursday, May 27, 2021. Kuroda was not the first BOJ chief to attempt to influence public perceptions with monetary easing. When allusions to Peter Pan and spacecraft failed, the BOJ shifted to a defensive, long-term approach in 2016 with the introduction of yield curve control (YCC). "The BOJ's failure to change public expectations raises a lot of questions about the effectiveness of unconventional monetary policy."

☆ Kuroda departs BOJ after inflation fails to fly like 'Peter Pan'
▼ + stars: | 2023-04-07 | by ( Leika Kihara | ) www.reuters.com time to read: +4 min

The 78-year-old gives his press conference at 0630GMT, the Bank of Japan (BOJ) said. Kuroda was not the first BOJ chief to attempt to influence public perceptions with monetary easing. In 2015, he alluded to the Peter Pan fairy tale in explaining that to fire up inflation, the BOJ needed to have the public believe in its monetary magic with massive stimulus. When allusions to Peter Pan and spacecraft failed, the BOJ shifted to a defensive, long-term approach in 2016 with the introduction of yield curve control (YCC). "The BOJ's failure to change public expectations raises a lot of questions about the effectiveness of unconventional monetary policy."

☆ Wind and solar power generators wait in yearslong lines to put clean electricity on the grid, then face huge interconnection fees they can't afford
▼ + stars: | 2023-04-06 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +18 min

The local utility in charge of overseeing the interconnection process told Pine Gate it would be more than $30 million. Pine Gate had to terminate the project because it couldn't afford the new fees, its vice president of regulatory affairs, Brett White, told CNBC. "Those projects ended up withdrawing from the queue or terminating, because they don't pencil anymore," White told CNBC. "There is Texas, and then there's the rest of the country with respects to interconnection," White of Pine Gate told CNBC. And that means getting those engineers out of some of the rote manual data entry and into the actual analysis," White told CNBC.

☆ See the 6 startups that have raised the most cash in 2023 to transform healthcare
▼ + stars: | 2023-04-05 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +3 min

Startups in the industry raised $3.4 billion across 132 deals in the first three months of 2023. The healthcare-staffing startup ShiftKey raised $300 million in a round led by its majority investor Lorient Capital. The clinical-trials-tech startup Paradigm raised a $203 million Series A round led by Arch Venture Partners and General Catalyst. The healthcare-staffing startup ShiftMed raised a $200 million round led by Panoramic Ventures. raised a $200 million round led by Panoramic Ventures.

☆ Read the memo Google CFO Ruth Porat sent to staff about new cost-cutting, including paring back worker perks
▼ + stars: | 2023-04-04 | by ( Hugh Langley | Samantha Delouya | ) www.businessinsider.com time to read: +5 min

Googlers,This year, one of our important company OKRs is to deliver durable savings through improved velocity and efficiency. Since then, we've continued to rebalance based on data about how programs and services are being used. Improving external procurement is another area where data suggests significant savings — on everything from software to equipment to professional services. We set a high bar for industry-leading perks, benefits and office amenities, and will continue that into the future. Jen, Philipp, Prabhakar, Ruth and Thomas (co-owners of the OKR), on behalf of all PA and Functional leads

☆ Google to cut down on employee laptops, services and staplers for 'multi-year' savings
▼ + stars: | 2023-04-03 | by ( Jennifer Elias | ) www.cnbc.com time to read: +2 min

Google's finance chief Ruth Porat recently said in a rare companywide email that the company is making cuts to employee services. “These are big, multi-year efforts,” Porat said in a Friday email titled: "Our company-wide OKR on durable savings." In separate documents viewed by CNBC, Google said it's cutting back on fitness classes, staplers, tape, and the frequency of laptop replacements for employees. One of the company's important objectives for 2023 is to "deliver durable savings through improved velocity and efficiency." The company declined to pay the remainder of laid-off employees’ maternity and medical leaves, CNBC previously reported.

☆ Google announces a series of cost-saving measures across the company as it cuts some staff perks
▼ + stars: | 2023-03-31 | by ( Hugh Langley | ) www.businessinsider.com time to read: +6 min

Google has announced a series of cost-cutting measures across the company. Google has announced a series of cost-cutting measures as the company continues to tighten its belt and prioritize its work in artificial intelligence. While they wrote that some of these changes would not be noticeable to many staff, they added that other things "will impact some services Googlers use at work and beyond." The note added that Google is continuing to hire at a reduced pace, while redeploying teams to higher priority work. Here's the memo in full:Googlers,This year, one of our important company OKRs is to deliver durable savings through improved velocity and efficiency.

☆ Bank runs have the crypto industry on high alert. 3 experts explain why the latest batch is especially worrisome — and what comes next.
▼ + stars: | 2023-03-26 | by ( Laila Maidan | ) www.businessinsider.com time to read: +10 min

Only a decade ago, bank runs happened at a much slower pace. The era of digital bank runsOne thing the past few weeks has made clear is that bank runs now unfold differently, especially for smaller banks that service specialized sectors. "Bank runs are evolving into a different and much more dangerous beast because they happen faster," Baker said. By comparison, on March 9, SVB lost $42 billion in a day — and it was a smaller bank, Baker added. Long said she warned regulators again after FTX collapsed that banks servicing the crypto sector face the danger of bank runs.

☆ Here are 3 important reasons why stocks shouldn't be rallying in the wake of bank bailouts, and why bond investors are right to be bearish, according to Morgan Stanley
▼ + stars: | 2023-03-22 | by ( Marley Jay | ) www.businessinsider.com time to read: +5 min

Stocks have risen as investors conclude that authorities will prevent a bank crisis from spreading. He says that tighter credit conditions and the economy will weaken, and stocks look expensive. While bank stocks are still down, the rest of the market is collectively higher since the crisis started. But even if that's true, Morgan Stanley says investors are far too optimistic right now. In short, Wilson wrote that investors who see conditions in markets right now as positive for stocks, especially for tech, are making a mistake.

☆ Citadel sees limited impact on energy demand from banking crisis
▼ + stars: | 2023-03-20 | by ( Julia Payne | ) www.reuters.com time to read: +2 min

LAUSANNE, Switzerland, March 20 (Reuters) - U.S. hedge fund Citadel expects a tighter credit environment following the latest banking crisis but so far the economic decline is not enough to plunge commodities into the abyss, its head of commodities told Reuters. The hedge fund giant, which was based in Chicago but recently moved to Miami, manages roughly $60 billion in assets. We need to have a 5-6% global GDP cut to have a major impact on commodities," he said. Citadel, run by billionaire Ken Griffin, ended 2022 with a $16 billion gain last year, the biggest profit ever earned by a hedge fund. "The macro backdrop remains an unanswered question as OPEC assesses impact on demand.

☆ The bear market for stocks is almost over but the last phase may be 'vicious,' Morgan Stanley CIO says
▼ + stars: | 2023-03-20 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The Fed's rush to provide liquidity does not equate to quantitative easing, Mike Wilson wrote. "The bottom line is that we think this is exactly how bear markets end," Morgan Stanley's CIO said. But the last phase of a bear market can be "vicious," Wilson added in a note. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. "The bottom line is that we think this is exactly how bear markets end," the reputed bearish analyst wrote.

☆ Bosses think in-office work 3 times a week is 'the magical number.' 'It's not,' says CEO
▼ + stars: | 2023-03-16 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

Corporate bosses are getting return-to-office requirements all wrong, global work experts and remote leaders said during a panel conversation at the South by Southwest conference in Austin, Texas, recently. Many bosses land on three days a week as if it's "the magical number. As far as best practices go, Bush says "every leader should listen better" and understand how teams work best based on one-on-one conversations, surveys, focus groups or 90-day trial runs. Sarah Fern, chief people officer at Velocity Global, says listening is the biggest challenge for remote leaders — and most importantly, understanding what you're not hearing. 'There are not good remote work policies in place'

[1/6] A view shows Cardinal III UAV on display as Taiwan's Defence Ministry showcases its domestically developed drones to the press in Taichung, Taiwan March 14, 2023. The war in Ukraine has lent new urgency to Taiwan military's efforts to bolster defence including a push to develop drones. NCSIST head Art Chang said the war in Ukraine had focused attention on drones, and his institution had teamed up with Taiwan companies to build a "national team" to develop military drones. President Tsai Ing-wen has championed the idea of "asymmetric warfare" to make Taiwan's forces more mobile and harder to attack. China has sent its drones to areas close to Taiwan to test its responses, the island's defence ministry has said.

☆ Here's why hawkish Powell testimony might not derail the stock market rally
▼ + stars: | 2023-03-07 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Today, all eyes will be on central bank chairman Jerome Powell as he begins two days of hearings on Capitol Hill. Chairman of the Federal Reserve nominee Jerome Powell testifies during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee November 28, 2017 on Capitol Hill in Washington, DC. Fed policy aside, the stock market has marched higher to start the year, with the S&P 500 gaining about 6% over the last nine weeks. US stock futures rise early Tuesday, as investors await the two-day testimony of Fed Chair Jerome Powell. The bear market rally isn't over yet as stocks just survived a crucial test.

☆ Mapping California’s ‘Zombie’ Forests
▼ + stars: | 2023-03-06 | by ( Elena Shao | ) www.nytimes.com time to read: +8 min

NEVADA Sacramento Stable conifer forests San Francisco Mismatch Less than five percent of conifer forests historically occurred in current climate. Sacramento Stable conifer forests Mismatch San Francisco Less than five percent of conifer forests historically occurred in current climate. San Jose Fresno CALIFORNIA Pacific Ocean NEVADA Bakersfield Area of detail CALIF. 50 MILES Reno NEVADA Sacramento Severe mismatch Stable conifer forests Less than one percent of conifer forests historically occurred in current climate. Note: The data looks at changes in conifer forests across the Sierra Nevada between the 1930s and the 2010s. They found that during that time period, the Sierra Nevada’s conifer forests had, on average, shifted about 112 feet higher in elevation.

☆ An Amazon seller with over $200 million in sales shares 9 tips for picking a sell-out product
▼ + stars: | 2023-03-05 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

For some, selling products as a side hustle and making an extra $2,000 a month is perfect. If you're selling as a side hustle, a simple Amazon search is enough to collect data, he noted. It indicates a product's sales velocity or how well its selling: the lower the rank, the better it sells. Most seasoned sellers have a general sense of how a product's sales rank converts to sales over time. As a private label seller, Needham avoids selling products that have been monopolized by big, household brands.

☆ A real estate investor who owns over 1,000 units and retired at age 36 explains how leveraging his equity and harnessing the 'velocity of money' helped him make 'millions and millions and millions of
▼ + stars: | 2023-03-04 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +7 min

Just 13 years after buying his first property, Dave Allred retired at age 36. Altogether, he estimated that his portfolio equity has currently reached over $30 million in total value. On the other hand, an investor's equity in a deal rises every year due to natural market appreciation. "Every month there's a principal reduction on your mortgage, so you're building real equity there as well, also through market appreciation," Allred said. In other words, paying attention to cash-on-equity means that investors can harness the leveraging power of equity to rapidly grow their portfolios.

[1/5] NASA's SpaceX Crew-6 mission, that includes NASA astronauts Stephen Bowen and Woody Hoburg, the United Arab Emirates Sultan Al-Neyadi and Russian cosmonaut Andrey Fedyaev, launches to the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida, U.S., March 2, 2023. The SpaceX launch vehicle, consisting of a Falcon 9 rocket topped with an autonomously operated Crew Dragon capsule called Endeavour, lifted off at 12:34 a.m. EST (0534 GMT) from NASA's Kennedy Space Center in Cape Canaveral, Florida. Fellow NASA astronaut Warren "Woody" Hoburg, 37, an engineer and commercial aviator designated as the Crew 6 pilot, was making his first spaceflight. The Crew 6 team will be welcomed aboard the space station by seven current ISS occupants - three U.S. NASA crew members, including commander Nicole Aunapu Mann, the first Native American woman to fly to space, along with three Russians and a Japanese astronaut. An empty replacement Soyuz to bring them home arrived at the space station on Saturday.

☆ Venus Williams joins private equity firm Topspin Consumer Partners
▼ + stars: | 2023-03-01 | by ( Abigail Summerville | ) www.reuters.com time to read: +2 min

NEW YORK, March 1 (Reuters) - Venus Williams has joined private equity firm Topspin Consumer Partners as an operating partner, the latest endeavor in the world of business by a top tennis champion who has emerged as a prolific entrepreneur. Williams will work with companies owned by Topspin on their marketing strategies and investment opportunities, the firm said in a statement on Wednesday. Her sister, Serena, 41, who is also a tennis champion, has withdrawn from the game but has said it's possible she could return. Founded in 2000, Topspin is a U.S. private equity firm that invests in consumer businesses with revenue below $100 million. Venus Williams joins in the footsteps of other sports stars who have entered the world of private equity.

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