• It's becoming more dangerous to give birth in the US. And in Texas, maternity wards are in short supply Link
    Businessweek Wed 10 Aug 2022 09:00

    Once a week, Adrian Billings drives his white Chevy pickup from his home in Alpine, Texas, to Presidio, a city along the Mexican border. This summer he’s been taking his son Blake, who’s home from college, with him. The drive, through mountains and desert on a two-lane highway across which actual tumbleweeds roll, takes an hour and a half.

    Billings is a family doctor, one of only a handful in this part of West Texas. He offers a one-stop shop for his patients’ ailments: heart murmurs, kidney stones, etc. Most of the time he works in Alpine or the nearby city of Marfa. But he makes the weekly drive to Presidio because, without doctors like him, it wouldn’t have medical care. There’s no hospital and no full-time doctor. His clinic, which opened in 2007 with the help of government grants, is the only access residents have to even a local pharmacy.

  • RT @Quicktake: At least 9 people have been killed and 6 others missing after one of South Korea's worst storms in more than a century hit S…
    Businessweek Wed 10 Aug 2022 08:40
  • Weak digital privacy protections could turn web searches and text messages into post-Dobbs tools of oppression Link
    Businessweek Wed 10 Aug 2022 08:30

    Abortion-rights activists are warning of the consequences of weak digital privacy protections in a post-Dobbs landscape. Even before the decision, law enforcement had been honing tactics that could now be used against people seeking an abortion in states where it’s banned—or beyond.

    Academics have found that searches for

  • A plant-based food company is using AI to change its recipes on the fly so it can sidestep supply chain backlogs Link
    Businessweek Wed 10 Aug 2022 08:00
    NotMilk—NotCo’s plant-based milk—are pineapple juice, cabbage juice, and pea protein. Its NotBurger contains beet juice powder, pea and rice proteins, bamboo fiber, and chia protein concentrate. But Giuseppe’s work is never done, and the war in Ukraine is disrupting supplies of a key component in both products:
  • As inflation eats away at auto workers’ wages, the UAW is facing growing pressure from its members ahead of next year’s contract negotiations Link
    Businessweek Wed 10 Aug 2022 07:30
    Inflation and the Great Resignation have forced Amazon, Apple, and other major employers to raise wages in the past year. But for Detroit’s automakers, the bill likely won’t come due until 2023. That’s when
  • To stay relevant, Jazzercise has weaved in modern workout trends and music while keeping true to its roots Link
    Businessweek Wed 10 Aug 2022 07:00
    Jazzercise Inc., is dancing her butt off. From her raised platform, Missett enthusiastically calls out directions and words of encouragement, her voice projected through speakers. Dozens in the brightly lit studio follow, pivoting, shaking, swerving, and sweating. An hour earlier, Missett’s daughter, Shanna Missett Nelson, was teaching her own fitness class, with a guest appearance on the platform by her own daughter Skyla, their affirmations busting through a nonstop playlist of pop anthems.

    Founded by Missett in 1969, the closely held company, which is based in Carlsbad, Calif., has grown to encompass 8,000 franchisees teaching 32,000 classes each week worldwide. Even as much of the fitness industry contracted during the Covid-19 pandemic, Jazzercise had revenue of $73 million last year. How then is it that an exercise business that harks back to the era of Jane Fonda workout tapes, neon spandex, and legwarmers remains here in 2022—and is thriving? It’s thanks to a...

  • While right-wing politicians have fought to keep all kinds of messages out of children’s education, some conservatives have latched on to the Ayn Rand-espousing Tuttle Twins Link
    Businessweek Wed 10 Aug 2022 06:30

    While right-wing politicians and activists fight to keep all kinds of supposed messages out of children’s education, the Tuttle Twins are trying to build an online audience of budding Milton Friedmans and Friedrich Hayeks.

  • B2B businesses are putting more of their ad dollars behind LinkedIn influencers Link
    Businessweek Wed 10 Aug 2022 06:00
    Bernard Marr, 49, who has degrees in business, engineering, and information technology, is interested in topics such as artificial intelligence and digital transformation. In his online videos about the future of technology and business strategy, the gray-haired consultant and author usually wears a black suit jacket and black T-shirt to offer his take on top industry trends with a calm, instructive delivery. It’s not your typical influencer performance.

    And yet 2 million people follow Marr on social media, and he’s attracted big brands looking to drive sales by partnering on his posts, including International Business Machines, Microsoft, and Alphabet’s Google. “It’s always been companies coming to me saying, ‘Do you want to work together? We’ve got these interesting stories to share, and you’ve got an audience,’” says Marr, whose social media content creation takes up a third of his working hours and contributes as much as half of his income.

  • Stress tests meant to keep Wall Street in check after the 2008 crisis have curtailed some banks’ plans to return money to their shareholders Link
    Businessweek Wed 10 Aug 2022 05:30

    Wall Street loathes bank stress tests—and arguably owes a lot to them. The regulatory checkups by the Federal Reserve, instituted after the 2008 global financial crisis with the aim of averting another one, run banks’ balance sheets through simulated doomsday scenarios to gauge whether they’d make it through. This year banks were tested on a hypothetical cocktail of surging unemployment, collapsing real estate prices, and a plunge in stocks.

    All 33 of the biggest lenders in the US

  • If drone delivery is the future, it will require an unprecedented cooperation between government and industry to revolutionize air-traffic control and keep the skies free of drone crashes Link
    Businessweek Wed 10 Aug 2022 05:00

    “Please stay clear of the flight line,” warns Keith Hyde, director of U.S. operations for Wing. Safety comes first on these two fenced-off acres at the dead end of Welcome Street in Christiansburg, Va., where Wing has since 2019 been running the first North American drone delivery service. The drones are electric vertical takeoff and landing (eVTOL, pronounced “ev-tol”) aircraft, so instead of a runway, they park on a grid of landing pads that double as charging stations. Three dozen of the pads are arranged on a gravel patch the size of a basketball court, each topped with a QR code large enough for an incoming drone to scan and confirm its touchdown location.

  • Pandemic spending on goods and a supercharged dollar have spurred inflation abroad, as the US trade gap becomes a headache Link
    Businessweek Wed 10 Aug 2022 04:35

    For decades, US households bailed out the global economy when it needed a consumer of last resort. America’s latest spending spree has come with a sting in the tail.

    Stuck at home in the pandemic, people all over the world bought more goods—TV sets, laptops, and exercise bikes, to name a few—at the expense of services such as hotel rooms and gym memberships. The shift was significantly bigger in the US than in other rich countries.

  • Belarusian hackers and dissidents determined to overthrow president Alexander Lukashenko have taken on a new mission: derailing Russia's war against Ukraine Link
    Businessweek Wed 10 Aug 2022 03:04

    Russia’s military began sending large numbers of weapons and troops into Belarus in late January. The official purpose of the movement was a joint military exercise, but Belarus, which has a 650-mile border with Ukraine and a government closely aligned with Moscow, was also a logical staging point for Russian President Vladimir Putin to carry out an invasion.

    Several days after the troops arrived weird things started happening to the computer systems that ran the Belarus national railway system, which the Russian military was using as part of its mobilization. Passengers gathered on train platforms near Minsk, the capital, watched as information screens flickered and normal messaging was replaced by garbled text and an error message. Malfunctioning ticket systems led to long lines and delays as damaged software systems caused trains to grind to a halt in several cities, according to railway employees and posts that circulated on Belarusian social media.

  • B2B businesses are putting more of their ad dollars behind LinkedIn influencers Link
    Businessweek Wed 10 Aug 2022 02:49
    Bernard Marr, 49, who has degrees in business, engineering, and information technology, is interested in topics such as artificial intelligence and digital transformation. In his online videos about the future of technology and business strategy, the gray-haired consultant and author usually wears a black suit jacket and black T-shirt to offer his take on top industry trends with a calm, instructive delivery. It’s not your typical influencer performance.

    And yet 2 million people follow Marr on social media, and he’s attracted big brands looking to drive sales by partnering on his posts, including International Business Machines, Microsoft, and Alphabet’s Google. “It’s always been companies coming to me saying, ‘Do you want to work together? We’ve got these interesting stories to share, and you’ve got an audience,’” says Marr, whose social media content creation takes up a third of his working hours and contributes as much as half of his income.

  • How China’s WeChat became so powerful it could have posed a real threat to Beijing’s rule Link
    Businessweek Wed 10 Aug 2022 02:09

    Imagine for a second life before smartphones. Simple tasks—ordering takeout, staying in touch—become frustratingly difficult, never mind dealing with emergencies. In China that’s sort of what it’s like to live without

  • An alleged multibillion-dollar bank scandal in China has put a spotlight on the country's troubled rural banking system Link
    Businessweek Wed 10 Aug 2022 02:04
    multibillion-dollar bank scam triggered violent confrontations between protesters demanding their money back and police in Zhengzhou, the capital of Henan province. That scandal is shining a spotlight on China’s troubled rural banking system.

    Investigating authorities say that Henan Xincaifu Group Investment Holding Co., the main shareholder of five rural lenders, colluded with bank employees to steal about 40 billion yuan ($5.9 billion) in deposits and investments. They used online platforms to pull in depositors and fabricated lending agreements to transfer the money, the authorities say. (Xincaifu has ceased operations, and the banks involved have asked affected customers to register information with them online in order to

  • Shein became one of the world's top startups by turbocharging fast fashion—but its business model is becoming the biggest threat to continued success Link
    Businessweek Wed 10 Aug 2022 01:29
    Shein customers, Jaleesa King doesn’t expect the Chinese fast-fashion giant’s clothes to last longer than it takes to post a good selfie on Instagram. The 26-year-old reckons she spends as much as $500 twice a month on about 20 to 30 clothing items she’ll barely wear. “Maybe just once or twice, that’s all,” she says, laughing, as she browses Shein’s San Francisco pop-up shop, a special marketing event for the usually online-only retailer. “If I can get a good picture, definitely at least once.”

    Turbocharging fast fashion’s business model has turned Shein into the face of the industry and one of the world’s top startups. But as

  • Corporate America has its own version of the great stagflation story Link
    Businessweek Wed 10 Aug 2022 00:19
    Kraft Heinz. The details were different in each case—some reported sharp volume declines, and others came in unchanged—but the broad trend was crystal clear: Output growth is dead, prices have been jacked up, and revenue is, as a result, rising moderately.

  • An ambitious train line in Mexico is being built on fragile ground and threatening the environment — but AMLO is determined to complete it Link
    Businessweek Tue 09 Aug 2022 23:44

    The clear-cut through the forest in Mexico’s southeast is long (the section shown above will be 121 kilometers, about 75 miles), 40 meters (131 feet) wide, and as straight as modern engineering can make it. It’s the right of way for a train—the Maya Train, or Tren Maya, which will run for 1,554 kilometers and connect five states in the Yucatán Peninsula. This is arguably President Andrés Manuel López Obrador’s most ambitious infrastructure project, and he’s vowed, repeatedly, to have it ready by the end of next year.

  • Police departments often lack the resources and training to respond to sextortion cases effectively. So one victim took matters into their own hands Link
    Businessweek Tue 09 Aug 2022 23:39

    Natalie Claus was getting accustomed to her sorority and preparing for winter break one evening in December 2019 when people she knew began receiving unusual messages from her. These Snapchat messages, which contained nude photographs of Claus, went to her friends, a cousin, an ex-boyfriend, and dozens of others she knew, more than 100 people in all. Some of the recipients responded with enthusiasm, others with confusion, as if Claus had played a bad joke. But one of her friends, Katie Yates, immediately recognized the messages as an online attack—and knew just how Claus should respond.

    Yates was also a student at the State University of New York College at Geneseo, 40 miles south of Rochester, where Claus was a sophomore. Several months earlier, after Yates reported being sexually assaulted, someone had begun sending her abusive messages on social media. Feeling like she wasn’t getting enough support on campus, Yates began researching ways to identify her harasser.

  • A rough couple of months has given Mark Zuckerberg the chance to paint his social media and advertising colossus as an underdog Link
    Businessweek Tue 09 Aug 2022 23:14
    swallowing up startups in a nascent field he hopes to dominate. Zuckerberg has used those tactics to great success for more than a decade. I’m talking about his attempt to present
  • The 100 wealthiest Americans have lost $622 billion since November—but they're still a lot richer than they were before the pandemic Link https://t.co/bY2TH6aMiM
    Businessweek Tue 09 Aug 2022 23:04

    In the early days of the pandemic, when markets plunged and 22 million Americans lost their jobs, Congress and the Federal Reserve sprang into action to stabilize an economy at risk of buckling. After trillions of dollars of Covid-19 relief cash and a monsoon of cheap federally sponsored loans, US households are sitting on

  • Price increases helped plenty of companies report growth. But it's not healthy growth, and it doesn’t really help the economy Link
    Businessweek Tue 09 Aug 2022 22:34
    Kraft Heinz. The details were different in each case—some reported sharp volume declines, and others came in unchanged—but the broad trend was crystal clear: Output growth is dead, prices have been jacked up, and revenue is, as a result, rising moderately.

  • Alexandre Arnault is tasked with refreshing the Tiffany & Co brand. If he succeeds, he could take over from his father at LVMH Link
    Businessweek Tue 09 Aug 2022 22:08

    Ever since he transformed Louis Vuitton from a venerable maker of steamer trunks into a handbag juggernaut more than 30 years ago, Bernard Arnault has pursued a simple yet lucrative strategy: buy respected but slightly fusty brands; freshen up their management, marketing, and operations; and weave them into the ever-expanding luxury tapestry known today as

  • Twitter's shareholders and employees, as well as anyone involved in future acquisitions on Elon Musk’s behalf, are all worse off because of the drama Link
    Businessweek Tue 09 Aug 2022 21:33
    Elon Musk once presented his proposed buyout of Twitter as far more than a business deal. In April he claimed the social network—tiny compared with Facebook or Instagram but beloved by journalists, politicians, and Elon Musk—was “the de facto town square” and crucial to the cause of global freedom. Musk said
  • ?? Unlimited PTO might look good to potential hires, but it's really employers that benefit Link
    Businessweek Tue 09 Aug 2022 21:28
    1) Recruitment and retention: An unlimited PTO policy makes an employer more appealing to prospective and existing employees. Recruiters also like it because it helps them avoid wrangling over vacation time in negotiations
S&P500
VIX
Eurostoxx50
FTSE100
Nikkei 225
TNX (UST10y)
EURUSD
GBPUSD
USDJPY
BTCUSD
Gold spot
Brent
Copper
Last update . Delayed by 15 mins. Prices from Yahoo!

  • Top 50 publishers (last 24 hours)