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☆ Microsoft's president warns of talent shortage for tackling climate change
▼ + stars: | 2022-11-02 | by ( Jeffrey Dastin | ) www.reuters.com time to read: +2 min

Nov 2 (Reuters) - Thousands of businesses will fail to meet pledges to combat climate change unless they start training employees on sustainability, Microsoft Corp's (MSFT.O) President Brad Smith told Reuters. Microsoft sells software for organizations to track their environmental impact. Still, companies need more than technology to address global warming, said Smith, announcing plans to develop green education materials including on LinkedIn, which Microsoft owns. The findings primarily stemmed from interviews and surveys with Microsoft and eight other large companies in sectors such as finance and consumer goods. "Employers really need to step back and take a broader look at their investment in employee learning and training."

☆ Fed on track for tens of billions in losses amid inflation fight
▼ + stars: | 2022-10-28 | by ( Michael S. Derby | ) www.reuters.com time to read: +5 min

Those losses will not impede the central bank’s ability to conduct monetary policy but could over time expose it to friction on the political front. What’s more, getting a handle on how much money the Fed might lose is difficult given the highly unsettled economic outlook. FED PAYS TO PARK CASH ON SIDELINESThe Fed is losing money due to the mechanics of monetary policy. By paying interest to a mix of banks, money funds and others, the Fed keeps the federal funds rate in its desired range. The Fed funds its operations through services it provides banks and via interest from bonds it owns.

☆ Budweiser Flows Freely, But There Are Sputters Ahead
▼ + stars: | 2022-10-27 | by ( Carol Ryan | ) www.wsj.com time to read: 1 min

Having forged a reputation as a deal maker, the world’s biggest brewer is doing a better job with the brands it already owns. It has less control over rising interest rates and a restless top shareholder, however. Anheuser-Busch InBev the brewing giant behind Budweiser and Stella Artois, said Thursday that sales for the three months through September increased by 12.1% versus the comparable period of 2021. The company’s main rivals also reported healthy numbers this week: Carlsberg grew sales by 11.6%, while Heineken managed 19.8%. Although most of the brewers’ growth came from raising prices to make up for cost inflation, all three also sold more beer than a year ago.

☆ Fetterman Oz debate for Pennsylvania Senate seat sends message to stroke survivors
▼ + stars: | 2022-10-25 | by ( Judith Hannah Weiss | Judith Hannah Weiss Is A Freelance Writer Whose Work Has Appeared In The Iowa Review | The Rumpus | ) www.nbcnews.com time to read: +7 min

John Fetterman suffered days before winning the Democratic Senate nomination in May. The stroke added a new wrinkle to a race that could determine which party takes control of the 50-50 U.S. Senate. The Oz campaign is clearly hoping that perception will hurt Fetterman. In one egregious example, Oz issued a list of “concessions” for their debate Tuesday night that many see as mocking. Benjamin Abella, a professor of emergency medicine at the University of Pennsylvania, criticized the Oz campaign for shaming a stroke survivor.

☆ 'It's Always Sunny in Philadelphia' actor said Tesla 'lost a customer' after his car was stuck in a parking garage for days after his key fob broke
▼ + stars: | 2022-10-19 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Glenn Howerton said his Tesla was stuck in a parking garage for over 24 hours after his key fob broke. The actor detailed a frustrating experience where Tesla support failed to help him start the car. Bio" star Glenn Howerton detailed a frustrating experience where his Tesla was stuck in a parking garage for over 24-hours in a podcast on Monday. AP/Carlos OsorioHowerton said he was forced to leave the car at the parking garage overnight after replacing the battery for the key failed to fix the issue. He also found it near-impossible to get in contact with Tesla's support teams.

Warnock defended his votes on a sweeping climate and health care bill and gun violence prevention legislation during his two years in the Senate. Heading into the debate, Walker called himself a “dumb country boy,” setting low expectations against Warnock, the eloquent pastor at Ebenezer Baptist Church in Atlanta, where Martin Luther King Jr. used to minister. Walker’s debate goal was simple: Go on offense, tie Warnock to unpopular President Joe Biden, rising gas prices and high inflation. Warnock hammered Walker for opposing the Inflation Reduction Act to defend himself against attacks that his votes fueled inflation. Walker appeared flat-footed when asked if he favors Medicaid expansion, saying that "people have coverage for health care" and that he wants Georgians to "get off the government health care and get on the health care he’s got," gesturing toward Warnock.

☆ Take Five: Calm or calamity?
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +5 min

Traders are back on Japanese yen intervention watch, while the U.S. earnings season and a congress of China's ruling Communist Party kick off. Growing expectations of a government u-turn on most of its unfunded tax cuts should end much of the pain. The carnage in British gilts has exposed vulnerabilities in the pensions sector, shining a light on financial stability risks. The IMF warns of "disorderly asset repricings" and "financial market contagion." A market slide has moderated stock valuations, but a downgrade in the earnings outlook could dampen equities' attractiveness.

☆ Former Google ads boss launches ‘Web3’ search startup with backing from Coinbase, top VCs
▼ + stars: | 2022-10-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

The round was led by Paradigm, a prolific crypto and "Web3" dealmaker, while Coinbase, Sequoia and Greylock — where Ramaswamy is a partner — also invested. Nxyz was conceived earlier this year by a team of engineers at Neeva, a search engine that doesn't include any ads and blocks online tracking tools. In a March blogpost on Neeva's website, nxyz is described as "an experiment bringing the same user-first ethos of Neeva search to web3." Unlike Neeva and Google — the "Web2" behemoth Neeva wants to disrupt — nxyz's Web3 search software isn't targeted at consumers. "I think it'll be a very different trajectory" to Web3 and crypto companies that have run into financial troubles, he said.

☆ 'Sharks circling in the water': Contentious cram-down rounds are coming and going to dilute startup shareholders. Founders and investors should be wary.
▼ + stars: | 2022-10-12 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +6 min

Funding rounds are set to become more contentious; "knives tend to come out," said one investor. Having been in the VC game for more than 25 years, he knows what inevitably follows periods of irrational exuberance: cram downs. A cram-down round refers to a situation in which a company raises money at terms favorable to new investors, at the expense of current shareholders. In good times, when valuations are going up and VCs have money to spare, exercising pro rata rights is usually a no-brainer. The investors that step up to fill that void — usually late-stage VC growth funds or strategic investors — often demand terms that severely dilute or "cram down" the shares of existing shareholders.

☆ Jim Cramer goes over the best and worst Q3 performers on the Dow
▼ + stars: | 2022-10-10 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday named the biggest losers and winners on the Dow Jones Industrial Average during the third quarter. "Anything economically sensitive has been crushed and even high-dividend yields are no protection when the Fed is on the warpath," he said. The market has remained volatile as Wall Street worries about a potential recession. As for the losers, Cramer noted that many of them have high dividends. Here are the losers:LosersIntel Verizon Nike Walgreens IBMDisclaimer: Cramer's Charitable Trust owns shares of Apple and Disney.

☆ Renters are finally being rewarded for paying the bills on time with cash back, gift cards, and even boosted credit scores
▼ + stars: | 2022-10-02 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

Historically, the US's 44.2 million renters have written checks to their landlords and kissed that cash goodbye. In lieu of a security deposit, Up&Up users "invest" one month's rent into their Up&Up Wallet. Bilt: Building credit is as easy as paying rentAt the rental-rewards startup Bilt, renters are rewarded for paying rent. Piñata: Crack open the rewards while rentingPiñata, too, offers rewards for renters, alongside credit reporting. They can also have their rent payments reported to TransUnion.

☆ Wonder where the economy is heading? Pay close attention to earnings
▼ + stars: | 2022-09-20 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +5 min

Economic bellwether FedEx (FDX) stunned Wall Street last week with a massive earnings warning and tepid outlook for the global economy. Still, investors remain nervous about the health of the railroad business, a sign of the jitters about the overall economy. Most of Corporate America operates on a calendar year schedule for earnings, which means they will report third quarter results in October. That would be the worst quarter for earnings since a 5.7% decrease in the third quarter of 2020, when the economy was reeling from Covid-imposed lockdowns. That adds to the risk that a global spike in rates will lead to a further slowdown in earnings, consumer spending and the overall economy.

☆ A top fund manager shares how his inflation-focused ETF is navigating crippling price growth and the possibility of 'significant economic destruction'
▼ + stars: | 2022-09-17 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

But David Schassler, who co-manages the fund while also serving as VanEck's head of quantitative investment solutions, isn't taking a victory lap. Schassler added: "This severely limits the Fed's ability to successfully fight inflation without causing significant economic destruction." "It's not only that we own the right assets, but we've been overweight the right assets within the mix of inflation-fighting assets that we own," Schassler said. His three-step process is as follows: identify the right assets to own, optimize the portfolio by diversifying, and adapt to different inflation regimes. Examples of the right assets to own, in Schassler's view, are listed above.

☆ In Amazon's future world, robots may detect your screams
▼ + stars: | 2022-09-16 | by ( Caroline Haskins | ) www.businessinsider.com time to read: +4 min

Thirty-one of Amazon's Astro patents mention using the sound of a "human yell" to stop robots. Amazon has been granted 31 patents for Astro, its $1000 home robot, that mention using the sound of a "human yell" to stop the robot. US Patent and Trademark OfficeThe patents say that Astro has safety features that use a "minimum sound threshold" to stop the robot. As an example, the patents say that "detection of sound such as a human yell" would stop Astro. An Amazon spokesperson declined to answer questions from Insider, including whether Astro actually has the feature where a human yell stops the robot.

☆ Starbucks’s high-octane plan has warm impact
▼ + stars: | 2022-09-14 | by ( Amanda Gomez | ) www.reuters.com time to read: +3 min

NEW YORK, Sept 14 (Reuters Breakingviews) - Starbucks (SBUX.O) is brewing up a high-octane solution for a low-impact problem. The $101 billion coffee chain spent a chunk of its investor day on Tuesday discussing ways to help its restless U.S. workforce. A judge in Tennessee last month ordered the company to rehire employees who supported unionizing – an order Starbucks plans to appeal, Reuters reported. The National Labor Relations Board, a federal agency tasked with protecting employees’ rights, is fielding complaints against the coffee chain. CONTEXT NEWSStarbucks held its investor day on Sept. 13.

☆ Pennsylvania Senate candidates Mehmet Oz and John Fetterman are trading barbs over each other's personal wealth: 'Get off the couch John!'
▼ + stars: | 2022-08-18 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Mehmet Oz and John Fetterman are feuding on Twitter over each other's personal wealth. In reply, Oz said he bought the homes with his own money and that Fetterman "lived off" his parents. In a testy exchange on Twitter, Fetterman and Oz traded barbs about each other's personal wealth. 2 homes," Oz tweeted. This week, Fetterman needled Oz when the latter messed up the name of the grocery store Wegmans, calling it "Wegner's" instead.

☆ Airbnb hosts say they're fed up with how the vacation-rental platform treats them and favors guests. Some are planning to 'strike' or even quit Airbnb altogether.
▼ + stars: | 2022-04-18 | by ( Dan Latu | ) www.businessinsider.com time to read: +6 min

The host, Ryan Villines, is organizing a boycott, encouraging hosts to "snooze" their listings. Like Johnson, many Airbnb hosts and property managers are frustrated by what they describe as the vacation-rental platform's tendency to favor guests in disputes. Liz DeBold Fusco, an Airbnb spokesperson, said the new policy was meant to provide "greater flexibility" to hosts and guests. After outrage from hosts, Airbnb walked back the reimbursement component, but hosts said it's too little, too late. Airbnb host Ryan Villines is "snoozing" his listings in Missouri and Montana as a protest.

☆ TikTok is copying Facebook a year after Facebook copied TikTok
▼ + stars: | 2021-08-04 | by ( Katie Canales | ) www.businessinsider.com time to read: +2 min

TikTok is rolling out a Stories feature where users' videos will disappear after 24 hours. TikTok Stories shows how the largest tech platforms swipe ideas from each other, even amid scrutiny. They said TikTok is "experimenting with ways to give creators additional formats to bring their creative ideas to life for the TikTok community." Facebook took note — in August 2020, it debuted a TikTok copycat on Instagram, which it owns. Instagram Reels was the company's plan to compete with the ultra-popular app.

With the term “personal taxes,” however, Mr. Garten appears to be conflating income taxes with other federal taxes Mr. Trump has paid — Social Security, Medicare and taxes for his household employees. Fragments of Mr. Trump’s tax returns have leaked out before. Mr. Agalarov’s father, Aras, a billionaire who boasts of close ties to Mr. Putin, was Mr. Trump’s partner in the event. Mr. Trump’s avoidance of income taxes is one of the most striking discoveries in his tax returns, especially given the vast wash of income itemized elsewhere in those filings. When they got to line 56, the one for income taxes due, the amount was the same each year: $750.

☆ Hidden Monopoly, Offshore Money and a Clash of Interests in the Giurgiulești Port
▼ + stars: | 2020-03-02 | by ( Nemerenco Daniela | ) www.zdg.md time to read: +29 min

ZdG debunked the hidden monopoly, an offshore company, and business interests, including those of a deputy of Moldova’s Parliament, in the Giurgiulești Passengers and Goods Port, operated by the Ungheni River Port. The State Enterprise Ungheni River Port operates the Giurgiulești Passengers and Goods Port. Any attempts by other economic agents to obtain the status of port agency in the state-controlled port failed. How the state enterprise explains the monopoly in the port We went to the Ungheni company headquarters to discuss with the administration of the Ungheni River Port. A conversation between the tugboat owner and the Ungheni River Port administration The tugboat stations within the state-owned port since June 2018.

Persons: ZdG, ”, Moldova’s, Molincom, Medvedev, Daniil Șevcenco, “, didn’t, Vladimir Medvedev, Gheorghe Țurcanu, Veaceslav Ioniță, Igor Macari, Denis Dobrioglo, Leonid Karagheaur, Sergei Raevski, Țurcanu, Pîrlog, Ruslan Baciu, Iurie, Marcelian Pîrlog, Anatolie Balan, Alexandru Maximov, Condaline, Marcelian, Nicolae Dimitrachi, Translogist Sistem, Baciu, Translogist, Sergiu Gheceanu, ” ZdG, Marina Polasek, Reni, ” Medvedev, Anatolie, ” Vladimir Medvedev, Ion Chicu, Anatol Usatîi, Ludmila Guzun, Anatolie Labuneț, Igor Zaharia, Labuneț, Carolina Lipskaia, Oleg Lipskii’s, Evghenii Labuneț, Veaceslav Macaidenco, ” Labuneț, Zaharia, Mr Medvedev, Chicu, “ Mr Medvedev, slandering, Preluarea, maximă, trebuie, Instituțiile, Materialele, inclusiv Organizations: Goods, National Anticorruption Center, Port, Moldova’s Government, Logistics, State Enterprise, Naval Agency, Customs Service, Mr, Agro Factor, United Arab, UAE, Agro, United, Public Property Agency, ILM Logistic, Port Agency Service, Register, DB Translogist, Translogist, Ministry, Socialist, Security and Intelligence Service, Economy, Infrastructure, Democratic Party, Medvedev, Moldova’s Socialist Party, “, Navigation Company, Marine Engineering, Socialist Party, Anticorruption Center, Naval Agency of, National Anticorruption, Naval, Moldova’s Naval Agency, Jurnalistului din Republica Moldova Locations: Port, “, Dubai, United Arab Emirates, Russian, Zurich, Switzerland, Moldova, United Kingdom, Chișinău, Moldova’s, Consideea, Ciocana, Translogist, Condaline, Ungheni, Canada, PPMG, Naval Agency of Moldova, Jurnalistului din

☆ Inside Gabriel 'Fluffy' Iglesias' $3 million Volkswagen bus collection
▼ + stars: | 2019-08-16 | by ( Daniel Gessner | ) www.businessinsider.com time to read: +6 min

Gabriel Iglesias, the comedian also known as 'Fluffy,' owns a $3 million collection of classic Volkswagen buses. His car collection also includes several very rare Beetles and muscle cars. We're taking a tour of his enormous garage, which features a collection of classic Volkswagen buses worth more than $3 million. Gabriel: Why did I become interested in collecting Volkswagen buses? Narrator: Gabriel says he built his Fluffy Museum to resemble the famous Volkswagen factory in Wolfsburg, Germany, with his own choices of artwork and Fluffy pieces.

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