Thisrecentlyhappened (2024)

03/01/2023

Sarah Whitmire Forbes has hired Sarah Whitmire as its senior editor for newsletters. She comes from McClatchy, where she was a senior news content strategist for the past year. Before that, she was national newsletter editor, senior audience editor and social media editor at McClatchy. Whitmire also worked at the Center for Public Integrity as a social media manager and engagement editor.

Forbes has hired Sarah Whitmire as its senior editor for newsletters.

03/01/2023

Oh, how the apple has fallen. Apple stock that is. For years, Apple stock lived in a world that seemed to deny Newtonian physics—it simply defied gravity. No longer. Now, its shares fell below a $2 trillion market cap in intraday trading for the first time since March 8, 2021, according to Dow Jones Market Data.

Apple

03/01/2023

SMBC Nikko Securities Starts Okta, Inc at Outperform, 'we believe OKTA offers a compelling risk/reward skew at current levels'

03/01/2023

Britain’s two main railways unions have warned strikes will last into the summer unless the government and industry come up with new offers on pay and reform, as passengers and business faced more disruption this week. As a walkout by members of the RMT disrupted most of the network on Tuesday, the union’s general secretary, Mick Lynch, said he would reballot for a new strike mandate if necessary when the current one expired in May....

Britain’s two main railways unions have warned strikes will last into the summer unless the government and industry come up with new offers on pay and reform,

03/01/2023

A group of video game testers is forming Microsoft’s first labor union in the U.S., which will also be the largest in the video game industry. The Communications Workers of America said Tuesday that a majority of about 300 quality-assurance workers at Microsoft video game subsidiary ZeniMax Studios has voted to join the union. Microsoft already told the CWA it would accept the formation of the union at its Maryland-based video game subsidiary, fulfilling a promise it made to try to build public support for its $68.7 billion acquisition of another big game company, Activision Blizzard....

A group of video game testers is forming Microsoft’s first labor union in the U.S., which will also be the largest in the video game industry.

03/01/2023

Ether has hugely outperformed bitcoin since both cryptocurrencies formed a bottom in June 2022. Ether's superior gains have come as investors anticipate a major upgrade to the ethereum blockchain called "the merge." Yuriko Nakao | Getty Images U.S. banking regulators warned financial institutions on Tuesday that dealing with cryptocurrency exposes them to an array of risks, including scams and fraud....

Ether has hugely outperformed bitcoin since both cryptocurrencies formed a bottom in June 2022. Ether's superior gains have come as investors anticipate a

03/01/2023

Sami Sparber Axios has hired Sami Sparber to cover real estate. She previously has been working for Axios Local. Sparber was an intern on the Wall Street Journal real estate team in New York. She is a graduate of the University of Texas at Austin and hails from the Chicago suburbs. Previously, she interned at the Texas Tribune, NBC News in Washington and the Houston Chronicle’s Austin bureau.

Axios has hired Sami Sparber to cover real estate.

03/01/2023

Do you know how much your job is worth? Millions of Americans are finally getting the answer. On Jan. 1, California and Washington state began requiring employers to include pay ranges with their job listings. The two states follow New York City and Colorado in implementing pay-transparency measures. As of Dec. 4, just 44% of California job listings and 48% of Washington listings included that information, according to the most recent data from the hiring platform Indeed....

Do you know how much your job is worth? Millions of Americans are finally getting the answer.

03/01/2023

© Reuters. A Microsoft logo is pictured on a store in the Manhattan borough of New York City, New York, U.S., January 25, 2021. REUTERS/Carlo Allegri By Daniel Wiessner (Reuters) -A group of about 300 videogame testers at Microsoft Corp (NASDAQ:) subsidiary Zenimax Studios have voted to unionize, the Communication Workers of America union (CWA) said on Tuesday, marking a first for the tech giant in the United States....

By Daniel Wiessner

03/01/2023

Sam Bankman-Fried has pleaded not guilty to US criminal charges in connection with the dramatic implosion of FTX, the crypto exchange he founded. Bankman-Fried entered the plea in a Manhattan federal court on Tuesday, just weeks after his December 13 arrest in the Bahamas at the request of US federal prosecutors. The former FTX chief was subsequently extradited to the US to face the charges and released on $250mn bond....

Sam Bankman-Fried has pleaded not guilty to US criminal charges in connection with the dramatic implosion of FTX, the crypto exchange he founded.

03/01/2023

Shortly after Damar Hamlin, the Buffalo Bills safety who collapsed on the field following a hit during the Monday Night Football game against the Cincinnati Bengals, people began speculating about the cause. While the Bills released an official statement Tuesday morning confirming that Hamlin, who is 24 years old, suffered cardiac arrest and is in critical condition, some people on social media have been pointing blame at the COVID-19 vaccine in the latest attempt to undermine the vaccine’s efficacy....

Shortly after Damar Hamlin, the Buffalo Bills safety who collapsed on the field following a hit during the Monday Night Football game against the Cincinnati

03/01/2023

Shipping containers are offloaded from a container ship in the Port of Los Angeles before U.S. President Joe Biden delivers remarks aboard the Battleship USS Iowa Museum on June 10, 2022 in Los Angeles, California. Mario Tama | Getty Images Nearly a third of logistics managers at major companies and trade groups say they do not know how much trade they would return to the West Coast once an International Longshore and Warehouse Union, or ILWU, labor deal is reached, according to CNBC's supply chain survey....

Shipping containers are offloaded from a container ship in the Port of Los Angeles before U.S. President Joe Biden delivers remarks aboard the Battleship USS

03/01/2023

Clea Benson, managing editor of policy news at Politico, sent out the following to the staff: We are thrilled to announce that Erin Schumaker is joining POLITICO’s health care team to contribute to our expanding coverage of the future of health care as we chronicle how the pandemic has reshaped medicine. Erin will be returning to beat reporting after serving, most recently, as Insider’s science editor, where her team covered space, climate, extreme weather and discoveries....

Clea Benson, managing editor of policy news at Politico, sent out the following to the staff:

03/01/2023

Blackstone ‘s big retail real estate fund received a $4 billion investment from the Regents of the University of California, the company said Tuesday. The infusion by UC Investments amounts to an important endorsement for the Blackstone Real Estate Income Trust, known as BREIT, which has been facing increased requests for investor redemptions.

Blackstone

03/01/2023

© Reuters. By Barani Krishnan Investing.com -- It’s looking to be a happy new year for oil bears thus far as tumbling China factory activity and IMF warnings of a global recession signaled pain at least in the near term for those long on the crude trade. U.S. crude for delivery in February settled down $3.33, or 4.1%, at $76.93 per barrel, after dropping to as low as $76.64 earlier....

https://thisrecentlyhappened.com/oil-begins-2023-with-4-plunge-as-china-to-imf-spook-trade-by-investing-com/

By Barani Krishnan

03/01/2023

French regulators have imposed a record €75mn fine on asset manager H2O and banned its co-founder Bruno Crastes from the industry for five years over investments in illiquid debt linked to controversial financier Lars Windhorst. The Autorité des Marchés Financiers announced the fine on the same day that H2O Asset Management said it would start paying back investors some of the €1.6bn trapped in its funds for more than two years, in response to a part-repayment by Windhorst’s firm, Tennor Holding....

French regulators have imposed a record €75mn fine on asset manager H2O and banned its co-founder Bruno Crastes from the industry for five years over

03/01/2023

In January 2022, Tesla announced a final quarter crescendo during which vehicle sales grew at a staggering 87%, helping launch the company’s shares into the upper stratosphere. This time around, however, Elon Musk’s Tesla limped into the new year with Q4 sales growth that far worse than anticipated. It wasn’t just that the 405,000 cars Tesla handed over to customers during the final three months of last year fell short of the 420,000 consensus Wall Street estimate—the miss was downright awful....

In January 2022, Tesla announced a final quarter crescendo during which vehicle sales grew at a staggering 87%, helping launch the company’s shares into the

03/01/2023

Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York, January 3, 2023. Ed Jones | AFP | Getty Images The Manhattan U.S. Attorney's Office said Tuesday it had created an FTX Task Force to trace and recover assets of victims of the cryptocurrency exchange firm's collapse, and to handle investigations and prosecutions related to the company and other entities....

Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York,

03/01/2023

Mariah Timms The Wall Street Journal has hired Mariah Timms as national legal affairs reporter. Timms previously covered the intersection of the justice system and daily life for the Tennessean. She previously covered breaking news in Nashville and in Rutherford County for the Daily News Journal, which she joined in 2017. Before that, she worked in various roles for The Daily Herald in Columbia.

The Wall Street Journal has hired Mariah Timms as national legal affairs reporter.

03/01/2023

Bed Bath & Bust. Bed Bath & Beyond stock fell more than 10% in Tuesday trading, a sharp reversal from a 3% move higher in pre-market activity, to a level not seen since the close of trading on June 1993. The company's ticker page was among the top five most visited on the Yahoo Finance platform. The sell-off likely reflects rising investor angst surrounding two key dates for Bed Bath & Beyond, both of which could offer clues on whether the struggling retailer survives the year....

Bed Bath & Bust.

03/01/2023

© Reuters. Members of media and guests surround the Tesla Model Y and Model 3 during Thailand Tesla's official launch event in Bangkok, Thailand, December 7, 2022. REUTERS/Athit Perawongmetha By Aditya Soni and Eva Mathews (Reuters) -Tesla Inc shares kicked off 2023 with a thud, plunging more than 13% on Tuesday on growing worries about weakening demand and logistical problems that have hampered deliveries for the world's most valuable automaker....

By Aditya Soni and Eva Mathews

03/01/2023

The killing of scores of Russian conscripts in a Kyiv-led missile attack on their barracks in occupied eastern Ukraine has rekindled recriminations in Moscow over the conduct of the war — and raised fresh questions about the military’s capacity to learn from its mistakes. Russia said 63 of its troops were killed when precision rockets destroyed a vocational college in Makiivka in Donetsk province on New Year’s eve....

The killing of scores of Russian conscripts in a Kyiv-led missile attack on their barracks in occupied eastern Ukraine has rekindled recriminations in Moscow

03/01/2023

FTX founder Sam Bankman-Fried’s pleaded not guilty to criminal charges Tuesday, a move that lays the foundation for one of the most high-profile white collar fraud trials in recent years. The crypto founder appeared in US District Court in New York wearing a blue suit, white shirt and blue tie, and sitting at the defense table between his lawyers, Mark Cohen and Christian Everdell....

FTX founder Sam Bankman-Fried’s pleaded not guilty to criminal charges Tuesday, a move that lays the foundation for one of the most high-profile white collar

03/01/2023

Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York, January 3, 2023. Ed Jones | AFP | Getty Images Sam Bankman-Fried pleaded not guilty in New York federal court Tuesday to eight charges related to the collapse of his former crypto exchange FTX and hedge fund Alameda Research....

Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York,

03/01/2023

Welcome back to Found, where we get the stories behind the startups. This week Darrell and Becca are joined by Brex co-founder and co-CEO Henrique Dubugras to chat about his corporate credit card and expense management startup. Henrique talked about what made him and his co-founder (Pedro Franceschi) decide to launch the company and why the friends, who met online as teenagers, decided to be co-CEOs....

Welcome back to Found, where we get the stories behind the startups.

03/01/2023

Politico deputy managing editor Ryan Hutchins sent the following to the staff on Monday: Good morning, We are thrilled to announce Maya Kaufman as our next New York health care reporter. No beat has been more important in recent years than health care, and Maya has distinguished herself in New York for her coverage of the Covid-19 pandemic and its effects on the public and the health care industry....

Politico deputy managing editor Ryan Hutchins sent the following to the staff on Monday:

03/01/2023

(Bloomberg) -- Tesla Inc. shares fell more than 14% after the electric carmaker delivered fewer vehicles than expected last quarter despite offering hefty incentives in its biggest markets. Most Read from Bloomberg The company said Monday it handed over 405,278 vehicles to customers in the last three months, short of the 420,760 average estimate compiled by Bloomberg. While the total was a quarterly record for Tesla, the company opened two new assembly plants last year and still came up short of its goal to expand by 50%....

(Bloomberg) -- Tesla Inc. shares fell more than 14% after the electric carmaker delivered fewer vehicles than expected last quarter despite offering hefty

03/01/2023

© Reuters. FILE PHOTO: Pope Francis leads the Angelus prayer as the Roman Catholic Church marks its World Day of Peace, at the Vatican, January 1, 2023. REUTERS/Guglielmo Mangiapane By Philip Pullella VATICAN CITY (Reuters) - Six months ago Pope Francis brushed off speculation he was about to resign due to health problems, but even if he had toyed with the idea, he faced one major obstacle: there was already another ex-pope in retirement....

By Philip Pullella

03/01/2023

Leo Varadkar, Ireland’s new prime minister, has admitted that Northern Ireland’s post-Brexit trading arrangements are “too strict”, fuelling hopes of a deal between the UK and the EU to end the dispute over the issue. He said a protocol in the UK’s Brexit agreement, which created a trade barrier between Great Britain and Northern Ireland, had made pro-UK unionists in the region feel less British and that a compromise was possible....

Leo Varadkar, Ireland’s new prime minister, has admitted that Northern Ireland’s post-Brexit trading arrangements are “too strict”, fuelling hopes of a deal

03/01/2023

One thing that’s become clear in the past few tumultuous—and for many, traumatic—years is that it’s easy to feel like there is no control in our lives. Control is a basic psychological need that helps people feel like they have agency, from how they live to where they work. One area where people have tried to wrestle back control is around work....

One thing that’s become clear in the past few tumultuous—and for many, traumatic—years is that it’s easy to feel like there is no control in our lives.

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