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☆ I'm a female construction manager. I've had men comment on my looks and tell me I belong in the kitchen — but I still love my career.
▼ + stars: | 2023-02-08 | by ( Melissa Petro | ) www.businessinsider.com time to read: +4 min

Lindsey Peruto is a construction project manager in Philadelphia. She's had men comment on her looks and say she belongs in the kitchen, but that hasn't stopped her. It's an important role, and workers often comment and act surprised at "how well I know my stuff," which presumes that women don't know much about construction. I had a male coworker who would constantly interrupt my meetings and try to take over — again, as if women don't know as much as men. It's not a typical office job, and while it can be stressful, it's very exciting and far from mundane.

☆ Tech CEOs screwed up, and it's time to hold them accountable
▼ + stars: | 2023-02-06 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +6 min

I'm Matt Weinberger, deputy editor of Insider's tech analysis team, filling in for Diamond Naga Siu. Is it time for CEOs to start losing their jobs? Ed Zitron argues for Insider that the thousands of tech workers who lost their jobs in recent months are actually just taking the fall for the real problem in Silicon Valley — CEOs who aren't up to the task of leadership. He praised the CEOs of Apple and Intel for recently taking pay cuts as their companies hit tougher times. Late Friday afternoon, a federal jury officially ruled that the Tesla CEO's infamous "funding secured" tweet didn't harm shareholders, making him not liable for damages.

☆ Indiana's Senate race will show the depths of the fault lines within the GOP. Early signs show it's still Trump's party.
▼ + stars: | 2023-02-04 | by ( John L. Dorman | ) www.businessinsider.com time to read: +10 min

Mitch Daniels would have been an ideal GOP Senate candidate. Daniels' decision offers a look at the obstacles that the party continues to face headed in 2024. Mitch Daniels would have been seen by most traditional conservatives as an ideal candidate to run for the Senate. Eric Holcomb is a potential candidate in the 2024 Indiana Republican Senate primary. AP Photo/Manuel Balce CenetaIndiana could drive the GOP Senate roadmapAhead of the 2022 midterm elections, Republicans anticipated making major gains in Congress, which eventually didn't come to pass.

☆ Investors are hooked on the 'heroin' of Fed rate cuts but the focus will turn to earnings gloom, Morgan Stanley's top strategist says
▼ + stars: | 2023-02-01 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

The Federal Reserve's not going to start cutting interest rates soon, Morgan Stanley's top strategist said. When investors realize that, the focus will shift to the weakness in earnings, Mike Wilson told CNBC. But with once-soaring prices starting to cool, many investors now expect the Fed to start cutting rates by the end of 2023. But many strategists have put the gains down to investors' blindly focusing on hypothetical Fed rate cuts while ignoring other factors, such as earnings. "The Fed will be part of that story, but I think it'll be cutting rates long after the market has bottomed."

☆ Ukrainian troops are calling the US military in the middle of shootouts with Russia for help fixing their artillery
▼ + stars: | 2023-01-30 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The US military is leading a team that is helping to repair Ukraine's military hardware over the phone. Ukrainian troops, meanwhile, are pushing artillery systems to the limits to keep Russia at bay. According to the report, Ukrainian troops have been firing their heavy artillery pieces past when they would typically be due for a repair, and at unprecedented rates to keep Russian forces at bay. Because of this, the support team is learning the limits of these systems and where they might have a breaking point. In finally securing the Western-made tanks, which were much-sought-after by Ukraine, the country has now set its ambitions on acquiring fighter jets.

☆ Google's big fear is AI running wild. After ChatGPT, it's too late.
▼ + stars: | 2023-01-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

It's in Google's financial interest to present itself as a responsible custodian of AI. On Monday, some of Google's most senior executives, including CEO Sundar Pichai, senior vice president James Manyika, and the chief executive of its AI research unit DeepMind, Demis Hassabis, published an explainer on their approach to AI research, titled "Why we focus on AI (and to what end)." This is a "thinly veiled swipe at OpenAI and ChatGPT", according to a research note from Richard Windsor of Radio Free Mobile. In other words: If ChatGPT and its successors cause widespread havoc, it'll ruin AI adoption for everyone, including Google. There'll be more ChatGPT momentsThere is a flood of money pouring into generative AI startups promising real-world applications.

☆ NASA awards $425 mln to Boeing for fuel-efficient airliner research project
▼ + stars: | 2023-01-18 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Jan 18 (Reuters) - NASA said on Wednesday it awarded $425 million to Boeing Co (BA.N) for the agency's "Sustainable Flight Demonstrator" project as the Biden administration works to cut aviation sector emissions. Boeing will work with NASA to "build, test, and fly a full-scale demonstrator aircraft and validate technologies aimed at lowering emissions," the agency said. Over seven years, NASA will invest $425 million, while Boeing and its partners will contribute the remainder of the agreement funding, estimated at about $725 million. Single-aisle aircraft account for nearly half of worldwide aviation emissions. The White House is targeting 20% lower aviation emissions by 2030, as airlines facing pressure from environmental groups to lower their carbon footprint pledged to use more sustainable aviation fuel.

☆ Russia's troops are tied down in Ukraine, but some of its best subs are still holding the US 'at risk,' top US commanders say
▼ + stars: | 2023-01-18 | by ( Christopher Woody | ) www.businessinsider.com time to read: +6 min

US military leaders have warned that Russia's Severodvinsk-class subs are operating near US coasts. Severodvinsk-class subs have a mix of stealth and striking power that worries US and NATO navies. Russia plans to build nine Severodvinsk-class subs, which it calls the Yasen class, and may add more in the future. In addition to nuclear propulsion, Severodvinsk-class subs have advanced quieting technology and are built with low-magnetic steel, making them harder to detect. They demonstrated it in the mid-2010s by firing Kalibr cruise missiles at ISIS targets in Syria, surprising some US officials.

☆ I prescribe the popular weight-loss drug semaglutide to my patients. I hesitate to call it a magic bullet.
▼ + stars: | 2023-01-18 | by ( Hannah Moseley | ) www.businessinsider.com time to read: +7 min

Dr. Paul Kolodzik has been prescribing semaglutide to his diabetic patients since 2017. The one regret he hears from patients on the drug is they can't enjoy food as much. Before that, I was an emergency physician for about 25 years, caring for patients with strokes, heart attacks, and diabetic emergencies. I started prescribing semaglutide under the label Ozempic to my diabetic patients in 2017Novo Nordisk, a global pharmaceutical company, developed Ozempic as a medication for diabetics to control their blood sugar. So, physicians started prescribing some patients who weren't diabetic Ozempic off-label since Ozempic is not approved for weight loss — even though it's the same generic medicine.

☆ There'll be a rude awakening for investors who haven't realized the Fed's got a whole new playbook, says BlackRock iShares strategist
▼ + stars: | 2023-01-18 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

There's likely to be further pain ahead for US stocks, a BlackRock iShares strategist told Insider. Karim Chedid expects the Federal Reserve to hold interest rates above 5% for the whole of 2023. "Goldilocks doesn't save the day in our new playbook," he said, given the Fed is focused on inflation. "Goldilocks doesn't save the day in our new playbook," Chedid said. That reflects a new environment where the Fed's only priority is taming inflation, according to Chedid.

☆ Mario Gabelli says investing environment will be better in 2024, but he's finding value stocks to buy
▼ + stars: | 2023-01-11 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Veteran investor Mario Gabelli said the market will remain somewhat challenging until 2024, but that doesn't mean there aren't any cheap stocks to buy right now. "There'll be a terrific 2024; the outlook is pretty bright," Gabelli said Wednesday on CNBC's " Squawk Box ." Gabelli said he also finds Warner Bros Discovery attractive. "When I look at Warner Brothers that's dropped from $27 before they close that a deal with AT & T." WBD 1Y mountain Warner Bros Discovery Warner Bros Discovery has gotten some love on Wall Street this week. The Wall Street firm said it remains bullish on the long term potential and views the current risk/reward as "highly attractive."

☆ Biden: We are cooperating with review on classified documents
▼ + stars: | 2023-01-10 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +3 min

MEXICO CITY, Jan 10 (Reuters) - President Joe Biden said on Tuesday he was surprised to learn that classified documents were found in a think-tank office he once used and said he and his team are cooperating fully with a review into what happened. Biden told reporters at a joint news conference with the leaders of Mexico and Canada that he takes classified documents seriously. "We are cooperating fully with the review, which I hope will be finished soon," Biden said. On that visit, Trump's advisers returned a few dozen additional classified records, and attested that no other classified material remained in the residence. And as soon as they did, they realized there were several classified documents in that box.

☆ Biden 'surprised' about finding of classified documents, vows cooperation
▼ + stars: | 2023-01-10 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +5 min

Biden told reporters at a joint news conference with the leaders of Mexico and Canada that he takes classified documents seriously. A Democrat, Biden has faced criticism from Republicans after his Justice Department launched an investigation last year into Republican former President Donald Trump's handling of classified documents discovered at his Mar-a-Lago club in Palm Beach, Florida. Investigators tried to get Trump to return any remaining classified records through a grand jury subpoena and a visit to his Mar-a-Lago estate. On that visit, Trump's advisers returned a few dozen additional classified records, and attested that no other classified material remained in the residence. And as soon as they did, they realized there were several classified documents in that box.

☆ There'll be more 'panic' in the markets if China shared more Covid data, says asset management firm
▼ + stars: | 2023-01-09 | 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 EmailThere'll be more 'panic' in the markets if China shared more Covid data, says asset management firmKathy Lien of BK Asset Management says China has provided "very limited data" on Covid numbers and investors are turning a blind eye to that.

"There'll certainly be an impact to the fourth quarter," Chief Commercial Officer Ryan Green told reporters on a call on Thursday. While other U.S. airlines got back to their feet relatively quickly, Dallas-based Southwest is still limping back to normalcy. Employee unions say they have repeatedly warned Southwest management that the airline's technology systems badly needed upgrades. Flight attendants have been complaining about technological failures at the airline for years, according to Lyn Montgomery, president of the Southwest Airlines Flight Attendants Union, a local 556 of the Transport Workers Union. The comments echoed those of the Southwest Airlines Pilots Association, which said leadership had failed to adapt operations to address repeated systems failures, despite years of calls for improvements by the union.

☆ Southwest Airlines operations back to normal after being crippled by storm
▼ + stars: | 2022-12-30 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Dec 30 (Reuters) - Southwest Airlines (LUV.N) was up and running on a normal schedule on Friday after a massive winter storm crippled operations this week and exposed problems at the low-cost carrier. "Let me just be straightforward here: the storm had an impact but we had impacts beyond the storm that obviously impacted Southwest very differently," Jordan said in an interview with ABC's "Good Morning America." Map shows U.S. airports where an average of at least 25% of flights by Southwest Airlines were cancelled from Dec. 19 to 28. Southwest Airlines has promised to reimburse passengers for expenses such as hotels and car rentals in addition to refunding tickets and said there would be a still-undetermined hit to its earnings. The Southwest chief executive said he had a "great conversation" with Buttigieg and their goals were aligned.

☆ Here's why the U.S. electric grid isn't running on 100% renewable energy yet
▼ + stars: | 2022-12-29 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +15 min

Intermittency and transmissionOne of the biggest barriers to a 100% renewable grid is the intermittency of many renewable power sources. Wind resources in the United States, according to the the National Renewable Energy Laboratory, a national laboratory of the U.S. Department of Energy. National Renewable Energy Laboratory, a national laboratory of the U.S. Department of Energy. Solar resources in the United States, according to the the National Renewable Energy Laboratory, a national laboratory of the U.S. Department of Energy. National Renewable Energy Laboratory, a national laboratory of the U.S. Department of Energy.

☆ Big Tech predictions for 2023: A rival for Twitter, Amazon deceleration, Google's AI wake-up call, Microsoft's serious game, cloud bills, and DTC decline
▼ + stars: | 2022-12-28 | by ( Hugh Langley | Kali Hays | Ashley Stewart | ) www.businessinsider.com time to read: +9 min

The painful adjustments will ripple across the industry in 2023.Insider's Big Tech reporters share what to watch this coming year. At $44 billion, the debt-fueled deal was completed quickly at valuations from the frothy tech bull market of 2021. Jonathan Raa/NurPhoto via Getty ImagesThe slow breakdown of Twitter under Musk appears to be upon us. Mastodon has experienced a major influx of users, hitting more than 5 million accounts after Musk took over Twitter. With intense tech antitrust scrutiny, these new services are unlikely to be gobbled up by Big Tech.

☆ These ETF strategies can help investors navigate a murky 2023 for markets
▼ + stars: | 2022-12-27 | by ( Jesse Pound | ) www.cnbc.com time to read: +6 min

Here's how some ETF experts are viewing the year and what types of funds could be winners in 2023. … In 2023, investors should be a lot more selective," said Pedro Palandrani, director of research at Global X ETFs. While those areas would be negatively affected by a recession, infrastructure spending approved earlier in the Biden administration could help create solid demand even if the U.S. consumer weakens. Similarly, iShares highlighted the U.S. Infrastructure ETF (IFRA) and the MSCI Global Agriculture ETF (VEGI) in its 2023 outlook as potential winners, in part due to their inflation-hedging properties . In iShares' 2023 outlook, the firm identified its MSCI USA Value Factor ETF (VLUE) and Core S & P Small-Cap ETF (IJR) as two funds that could benefit from a low-growth environment.

☆ Sen. Mike Braun's Indiana gubernatorial bid jump-starts the GOP's first open Senate seat race of 2024
▼ + stars: | 2022-12-26 | by ( Warren Rojas | Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Republican Sen. Mike Braun is running for governor of Indiana in 2024. He filed the paperwork to create the new Mike Braun for Indiana, Inc., campaign committee in late November and has since rolled out a promotional website. "I'm very confident Indiana will stay in Republican hands," Daines told Insider between votes at the US Capitol. And fortunately for the Hoosier State, we have a lot of talented people who might run for that seat," Young told Insider at the US Capitol. The Banks and Spartz campaigns did not immediately respond to requests for comment about prospective Senate runs in 2024.

☆ The crypto investing outlook for 2023 after a 60% decline in bitcoin this year
▼ + stars: | 2022-12-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

The other was the riskiest of risk assets, whose moves mirrored those of tech stocks. It won't happen overnight, but investors more than ever want to see a crypto market driven by utility rather than speculation . Barclays analyst Benjamin Budish said his team believes "crypto assets are likely to continue to behave like high-beta risk assets going forward." Investing in the next two quarters Bitcoin has fallen more than 60% this year and sits roughly 75% off of its all-time high from November 2021. When there's a pullback in that growth, as there was this year, bitcoin tends to struggle, Alden explained.

Share this -Link copied'It's too much for me': Zelenskyy begins speech by thanking U.S. Zelenskyy began his remarks before a joint meeting of Congress at 7:40 p.m. "I think we share the exact same vision, that of a free, independent and prosperous Ukraine," Biden said. The Ukrainian president added that the soldier told him that "many (of) his brothers, this system saved." President Joe Biden holds a medal presented to him by Ukrainian President Volodymyr Zelenskyy in the Oval Office. Share this -Link copiedPhoto: Zelenskyy shakes hands with Biden as he arrives President Joe Biden welcomes Ukrainian President Volodymyr Zelenskyy to the White House.

☆ Massive winter storm threatens holiday travel for millions of Americans
▼ + stars: | 2022-12-22 | by ( Tyler Clifford | ) www.reuters.com time to read: +5 min

In its wake, the cyclone could spawn snowfalls of a half inch an hour and winds of more than 50 mph (80 kph) in the Upper Midwest and interior Northeast, the weather service said. "This will lead to dangerous, to at times impossible, land and air travel leading up to the holiday weekend," the agency said on its website. Temperatures in parts of the Southern Plains and Southeast could stay below freezing -- 30-plus degrees less than normal -- for multiple days, the weather service predicted. The weather service also warned of freezing rain in parts of Oregon and Washington in the Northwest, where the storm originated, late Thursday. That would be the biggest daily drop in output since the freeze of February 2021 when a winter storm cut gas supplies from Texas and forced the Texas electric grid operator to impose rolling power outages.

☆ Bank of Japan makes surprise policy tweak
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +8 min

ATUSHI TAKEDA, CHIEF ECONOMIST, ITOCHU ECONOMIC RESEARCH, TOKYO:"Today's move reflects the BOJ's determination not to alter its yield cure control policy. CAROL KONG, CURRENCY STRATEGIST, COMMONWEALTH BANK OF AUSTRALIA, SYDNEY:"I think the move was certainly unexpected, to say the least. MOH SIONG SIM, CURRENCY STRATEGIST, BANK OF SINGAPORE:"They've widened the band, and I guess that came earlier than expected. CHRISTOPHER WONG, CURRENCY STRATEGIST, OCBC, SINGAPORE:"The timing of the policy tweak is a surprise, though we have been expecting the move to come in 2Q 2023. "The tweak may seem modest but is significant for a central bank that has held dovish for a long time.

[1/5] People wait to purchase medicine at a pharmacy, amid the coronavirus disease (COVID-19) outbreak, in Beijing, China December 16, 2022. REUTERS/Xiaoyu YinBEIJING/SHANGHAI, Dec 17 (Reuters) - Funeral homes across China's COVID-hit capital Beijing, a city of 22 million, scrambled on Saturday to keep up with calls for funeral and cremation services as workers and drivers testing positive for the novel coronavirus called in sick. In Beijing, which has yet to report any COVID deaths since the policies changed on Dec. 7, sick workers have hit the staffing of services from restaurants and courier firms to its roughly one dozen funeral parlours. "We've fewer cars and workers now," a staffer at Miyun Funeral Home told Reuters, adding that there was a mounting backlog of demand for cremation services. China's health authority last reported COVID deaths on Dec. 3, in Shandong and Sichuan provinces.

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