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Category: worldSource: nytMay 25th, 2021

The 4 best OLED TVs in 2021 for vibrant, high-end picture quality

OLED TVs can deliver an impressive entertainment experience in your home. Here are our top OLED TV picks in 2021 from LG, Sony, and Vizio. Table of Contents: Masthead Sticky OLED TVs offer key benefits over LCDs, making them ideal for buyers who want high-end image quality. The LG CX presents the best balance between picture and price of any OLED we've tested. Read more about why you can trust our tech team to provide the best product recommendations. OLED TVs have become popular among home theater enthusiasts, and it's easy to see why. Thanks to some key perks, OLED displays offer several benefits over traditional LCD TVs (including those branded as LED and QLED). Though they tend to be pricier, there's no substitute for an OLED if you want the best home theater experience for movies, streaming, and gaming.OLED stands for "organic light-emitting diode." Instead of using a traditional LED backlight like those found on an LCD TV, OLED screens are self-illuminating. This means that each pixel on an OLED can emit its own light or turn off completely, enabling an infinite contrast ratio.As a result, OLED TVs are capable of true black levels - something even the best LCDs have a hard time producing. Viewing angles are also better than typical LCD displays, making OLEDs a great fit for rooms where people need to sit off to the side of their TV. On the downside, OLEDs can't get as bright as flagship LCD TVs, which makes OLED displays less ideal for living rooms that let in a lot of sunlight. LG, Sony, and Vizio all sell OLED TVs in the US. While image quality does vary a bit between the displays, the TVs' physical design, connectivity, and software are the most telling differences. With that in mind, we've tested and researched several OLED displays in order to select the best models for a variety of needs and budgets. Here are the best OLED TVs you can buy:Best OLED TV overall: LG CXBest OLED TV for picture quality: Sony A80JBest premium design OLED TV: LG GXBest budget OLED TV: Vizio H1 The best OLED TV overall LG The LG CX OLED presents the best balance between picture performance, smart connectivity, design, and value of any OLED TV you can buy. HDR formats: HDR10, Dolby Vision, HLGHDMI version: HDMI 2.1Sizes: 48,- 55-, 65-, and 77-inch modelsRead our LG CX OLED 4K TV reviewPros: Solid brightness for an OLED, HDMI 2.1 with next-gen gaming features, voice remote, lots of screen sizesCons: Processing and image accuracy aren't as good as Sony OLEDsWhen it comes to balancing image quality and smart features, the CX remains the best OLED TV you can buy. LG sells a 2021 successor to the CX, called the C1, but we think the CX presents a better value since it costs less and offers very similar performance. Like all OLED TVs, the CX provides pixel-level contrast with deep black levels and precise highlights. Peak brightness is also good for an OLED, with a max of around 700 to 800 nits. Thanks to the α9 Gen 3 Intelligent Processor, the CX is capable of advanced upscaling. This feature can make lower-quality video content, like Full HD (1080p), look cleaner and sharper. That said, Sony's OLED offerings are still known for slightly better processing.The panel offers very low input lag and includes compatibility with Variable Refresh Rate, Nvidia G-Sync, and 120Hz high frame rate. These features help make the CX one of the best gaming displays you can buy, and we think the 48-inch model is a great alternative to a traditional monitor.The CX is powered by LG's webOS and ThinQ platforms, enabling extensive streaming app support and voice control. The magic remote also features a unique pointer function which allows you to navigate through menus with a virtual cursor. The best OLED TV for picture quality Sony Sony's A80J is the best premium TV on the market for image accuracy, but it's a little pricey.HDR formats: HDR10, Dolby Vision, HLGHDMI version: HDMI 2.1Sizes: 55-, 65-, and 77-inch modelsPros: High-end processing for industry-leading image accuracy, acoustic surface audio technology, HDMI 2.1Cons: No VRR support yet (coming in future firmware), a little expensiveThe Sony A80J OLED (2021) is the successor to last year's A8H (2020). Though both models offer similar performance, the new A80J features a few key upgrades for about the same price.Most notably, the 2021 model includes HDMI 2.1 ports, enabling advanced gaming features like 4K/120Hz for PS5 and Xbox Series X owners.  Sony also improved the display's picture processing with new cognitive technology to cross-analyze picture elements simultaneously instead of individually. The resulting image is stunning in person.This advanced processing gives the A80J an edge over LG and Vizio OLEDs when it comes to image accuracy. During annual TV competitions, Sony's OLEDs consistently come the closest to matching the look of professional broadcast monitors and we expect the A80J to be no different. The A80J also features a unique audio system with acoustic surface technology. Instead of conventional speakers, the TV uses actuators behind the panel to create sound from the screen itself. This lets speech sound as if it's coming from the mouths of characters on screen. Sony also offers a step-up A90J model, which adds a few extra perks here and there, including a brighter image in some picture modes. That said, image processing is the same and Sony says brightness capabilities are similar to the A80J when using the most accurate picture settings. Since the A90J is considerably more expensive, we think the A80J is a better overall pick. The best premium design OLED TV Monica Chin/Business Insider With a display so thin it can hang flush on your wall like a piece of art, the LG GX is one of the prettiest OLED TVs to look at — whether it's turned on or off.HDR formats: HDR10, Dolby Vision, HLGHDMI version: HDMI 2.1Sizes: 55-, 65-, and 77-inch modelsPros: Same great image performance as the LG CX, thin design lets you mount it flush to a wallCons: More expensive than most OLED models with standard designsBeyond impressive picture performance, the GX boasts an exceptionally thin profile, enabling the display to be mounted like a piece of art hanging flush on your wall. At just 0.79 inches deep, the 65-inch GX Gallery TV offers an incredibly narrow design.LG has also been able to keep all of the TV's components within the panel. This means that GX TVs don't need to use an external box or soundbar unit as a connection hub. Instead, you can simply hook up all your devices directly to the display. When it comes to actual image quality, the GX OLED TV offers very similar performance to the rest of the displays on our list. Since those TVs are among the best you can buy, that's not a bad thing at all.At the end of the day, you're paying extra purely for style perks with this model, but if you plan to mount your TV on a wall, the GX can double as a genuine design piece for your living room.That said, LG has a new 2021 version of the GX available, called the G1. The updated model has a new "OLED evo" panel which promises improved brightness. It's more expensive than the 2020 model, however, so we still recommend the GX for most buyers.  The best budget OLED TV Vizio Vizio's 65-inch 4K OLED TV offers all the OLED picture quality benefits that home theater fans love for less than the competition.HDR formats: HDR10, HDR10+, Dolby Vision, HLGHDMI version: HDMI 2.1Sizes: 55- and 65-inch modelsRead our Vizio 4K OLED TV reviewPros: Unbeatable image performance for the price, only OLED model in the US with HDR10+, HDMI 2.1 portsCons: Glitches, on-screen app selection is limited, no voice remoteIn the US, OLED TV models have primarily been limited to high-end offerings from LG and Sony. Though these TVs have been undeniably gorgeous, they've also been expensive. Thanks to Vizio's OLED, however, that high cost barrier is starting to disappear.Just like Sony and LG's OLEDs, Vizio's model offers pixel-level contrast with true black levels. The display can't get quite as bright as LG's OLEDs, but it can get close with a max of around 700 nits. Vizio's OLED has comprehensive HDR support and it's the only model on our list with HDR10+ playback. It also supports HDMI 2.1. On the downside, the TV is missing a voice remote. You can still pair it with a separate Google Assistant or Amazon Alexa device, however.Though image quality is nearly identical to more expensive OLEDs, the Vizio does lose some points when it comes to general stability. I encountered glitches and compatibility issues when reviewing the TV. Thankfully, most of these problems have been fixed through firmware updates, but it's a shame the display's software isn't more reliable. Still, there's no denying the incredible value this OLED offers. When it's on sale it delivers unbeatable picture quality for the price. In fact, if it wasn't for those glitches, Vizio's OLED might even edge out the CX for the top spot on this list. As it stands, it's not quite there, but it's a fantastic option for budget-conscious buyers. OLED vs. LCD Samsung's QN90A uses an LCD panel. Samsung When buying a new TV, shoppers have two main display technologies to choose from: LCD and OLED.In the US, you can buy OLED TVs from brands like LG, Sony, and Vizio. Meanwhile, LCD TVs are sold by all major manufacturers, but some companies use different marketing terms for their LCD models, including LED, QLED, Neo QLED, NanoCell, and QNED.LCD TVs are known for their high brightness, especially on flagship models. On the downside, LCDs use backlights which can lead to washed-out black levels, blooming, and uniformity issues. LCD TVs are also known for mediocre viewing angles, which cause colors and contrast to distort when you sit off to the side.On the other hand, OLED TVs are celebrated for their infinite contrast ratios. Unlike LCD displays, OLED TVs don't need a backlight. Instead, each pixel dims and brightens on its own so the TV can create true black levels in dark scenes. OLEDs also have wide viewing angles. On the downside, OLED TVs can't get as bright as the best LCD TVs and they can be susceptible to burn-in in some instances.Ultimately, LCDs are generally better for buyers who watch TV in bright rooms that let in a lot of light. OLEDs are better for home theater environments where you watch movies with the lights off. Both display types can provide impressive picture quality but, in most cases, we prefer OLED for the very best contrast. That said, mid-range and entry-level LCD models are cheaper than most OLEDs, so they can be a better option if you're on a budget. Should you worry about burn-in on an OLED TV? Vizio Like plasma TVs of yesteryear, OLED panels are susceptible to a problem known as burn-in. This means that if a static image is left on the screen for hours on end — the CNN or ESPN logo in the corner, for example — a faint, ghostly image can be left permanently stuck on the TV.Though OLED owners should be aware of this risk, OLED TVs feature special measures to help prevent burn-in, including pixel-refreshers and pixel-shift modes. Websites like Rtings have conducted long-term tests with OLEDs, and while their results do prove that burn-in is possible, their tests show that buyers with regular viewing habits really shouldn't worry about it. You're more likely to notice temporary image retention, which is when a ghost image faintly lingers on the screen and then fades away over time. Though true burn-in is really only a risk in extreme situations, it is worth pointing out that LCD TV owners don't have to worry about burn-in at all.If you really only plan on watching content with the same static logos all day long, you're better off with an LCD (also branded as LED or QLED). Buyers with regular viewing habits, however, shouldn't be put off from buying an OLED TV because of burn-in. The best deals on OLED TVs from this guide If you want the best image quality and the darkest blacks you can only get from OLED TVs, we've rounded up the best deals we found on our top picks. Perfect for your family room, bedroom, or basement movie theater, you can score deals on displays from LG, Sony, and Vizio. These sets are terrific, but they often come with a sizable price tag. Luckily,  sales do pop up, with discounts that usually amount to at least $100 off.Here are the best deals we've found on OLED TVs65-inch OLED 4K TV (medium, Preferred: Best Buy)65-inch A80J OLED 4K TV (medium)Read more about how the Insider Reviews team evaluates deals and why you should trust us. Check out our other TV buying guides Amazon The best cheap TVsThe best 4K TVs  Read the original article on Business Insider.....»»

Category: worldSource: nyt21 hr. 58 min. ago

10-Plus Video Marketing Tips for Real Estate Agents

The internet and smartphones have made video content widespread and accessible. To engage with your clients, you need to shoot a lot of video. Let’s talk about connecting with your audience, some video ideas and how to make your videos stand out. Find Your Audience You want your video to be seen by people interested […] The post 10-Plus Video Marketing Tips for Real Estate Agents appeared first on RISMedia. The internet and smartphones have made video content widespread and accessible. To engage with your clients, you need to shoot a lot of video. Let’s talk about connecting with your audience, some video ideas and how to make your videos stand out. Find Your Audience You want your video to be seen by people interested in buying or selling a house. Platforms like Facebook, Instagram and YouTube have a lot of users. Make your videos engaging by putting interesting images and hooks first. Many users stop watching after a few seconds if they’re not interested. For Facebook and Instagram, design your video to be viewed without audio. Most users do not automatically use audio on these platforms. Make use of Facebook’s auto-caption feature because research has found users engage more with videos with captions. For YouTube, create longer videos with wording optimized for searches. For instance, many people search for informational videos with the word “beginner” in the title. Use specific hashtags to direct people to your content. You don’t want to just tag your posts with “#realestate.” Make it more specific by including your city’s name. While more specific hashtags narrow down users, the users who find your content are more likely to engage with it. Real Estate Video Ideas Good videos start with good ideas. These ideas can be approached from different angles and repurposed to get the most out of them. Here are some great ideas to get you started making videos. 1. Introduction Video: Introduce yourself to your audience 2. FAQ Video: Answer frequently asked real estate questions 3. Neighborhood Tours: Bring potential clients on a tour of a neighborhood you know well 4. Home/Property Tours: Showcase a property for sale 5. Ask Me Anything (AMA) Videos: Go live on Facebook, YouTube or Instagram and answer any of your followers’ questions 6. Day in the Life: Create a video showing the amount of work you put in to earn your commission 7. Testimonials: Compile videos from happy clients talking about their experience with you Tips to Make Your Videos Stand Out With the endless amount of content online, standing out is very important. Follow these tips to get extra followers and keep them engaged. Make a Plan Draw up a content calendar a month ahead with a plan for content. Script the content, rehearse your videos, edit them and release them. Get The Right Equipment (And Learn How to Use It) To make your videos really stand out, you’ll need equipment, software and the know-how to use it. Here’s what you can consider investing in: – Tripod (with smartphone attachment) – Ring light – Editing software – Lighting kit – Microphone – DSLR Camera The costs can add up and there’s a definite learning curve. If you have someone in your network with video experience, think about enlisting their help. Show Your Personality Use these videos as an opportunity to show who you are, showcase your real estate knowledge and build trust. Be personable and engage with them while being professional. Show clients why your content matters through the value of your information, your storytelling and your unique perspective and humor. To get connected, visit RocketPro.com/RealEstate. The post 10-Plus Video Marketing Tips for Real Estate Agents appeared first on RISMedia......»»

Category: realestateSource: rismediaSep 22nd, 2021

The 15 best online marketing courses and certificate programs in 2021

Platforms like edX, Coursera, and LinkedIn Learning offer free or affordable online marketing courses and certificate programs. When you buy through our links, Insider may earn an affiliate commission. Learn more. Sites like edX, Coursera, and LinkedIn Learning offer free or affordable online marketing courses and certificate programs. Marco VDM/Getty Images Understanding marketing, social media, and SEO can help you move up in your career or business. Sites like edX, Coursera, and LinkedIn Learning offer free or affordable online marketing courses. Below, we outlined the best online marketing courses and certificate programs. Online marketing is all around us, from social media ads to our Google search results and even sponsored blog posts. If you're a business owner, are contemplating a change of careers, or simply want to learn new in-demand skills, understanding the ins and outs of online marketing can be a game-changer. There are different types of marketing professionals. Some may dedicate their time to creating print or digital advertisements, while others focus on social media channels or work with content writers to find the best keywords to boost their SEO ranking and Google search results. As with many professions, there are a lot of learning opportunities available online, from free introductory courses to in-depth certificate programs from platforms like edX, Coursera, LinkedIn Learning, Udemy, and Skillshare. Whether you want to expand your knowledge (or even just see if a marketing career seems interesting enough to commit yourself to), taking an online marketing course can help take your career or business to new heights. The 15 best online marketing courses and certificate programs:Online marketing coursesOnline marketing certificate programs Online marketing courses Introduction to Marketing kyonntra/Getty Images Available on edXLength: 6 weeks Cost: Free; $150 for a certificate of completionThis University of British Columbia course is designed for beginners and anyone interested in gaining a better understanding of all marketing jargon as well as strategies and techniques. Students learn a range of topics including market research, how to gain customers, and how to use social media.   Digital Marketing Foundations LinkedIn Learning Available on Linkedin LearningLength: 2 hours and 9 minutesCost: Free with a 1-month free trial; Linked In Learning subscription $19.99 or $29.99 per monthWhether you're a novice or have some experience with online marketing, this relatively short class teaches you how to figure out your audience and target customers by using SEO, digital ads, and social media to meet your goals. The Complete Digital Marketing Course Udemy Available on UdemyLength: 20 hoursCost: $21.99 (normally $149.99)Whether you're considering a new career, want to expand your professional skillsets, or want to get your business off the ground, this intensive and immersive course can help. Topics range from market research, Google Adwords, and using WordPress for copywriting. Digital Marketing Analytics: Tools and Techniques Morsa Images/Getty Images Available on edXLength: 4 weeks Cost: Free; $399 for certificateIf you want to learn how to analyze marketing data, consider this self-paced course from the University of Maryland that covers what you need to know and the tools to use for a positive marketing presence that actually gets results. Topics include search engine optimization (SEO), web analytics, Big Data applications, and more. Digital Marketing | The Complete Google Ads Masterclass Skillshare Available on SkillshareLength: 13 hours and 11 minutesCost: Free with a 7-day trial; $8 per month or $29.88 per year for a Skillshare subscriptionOne of the many aspects of online marketing is creating advertisements on Google. This class is geared for anyone who wants to grow their business or wants to expand their skills, where you quickly learn how to use ads to increase traffic to your website, convert your target audience into customers, analyze ad campaigns, and more. Digital Marketing Strategy: Profitable Sales Funnel Fundamentals Instructor Maggie Stara provides tips and tricks to commerce on social media in this course. Skillshare Available on SkillshareLength: 3 hours and 19 minutesCost: Free with a 7-day trial; $8 per month or $29.88 per year for a Skillshare subscriptionDesigned for marketing novices, this course teaches different strategies on how to turn your target audience into customers and increase your sales by understanding metrics and using different pricing scales.  SEO Foundations LinkedIn Learning Available on Linkedin LearningLength: 2 hours and 38 minutesCost: Free with a 1-month free trial; LinkedIn Learning subscription $19.99 or $29.99 per monthIf you're interested in honing your SEO skills for your job or your own business, this course is designed with that in mind. The class focuses on using the principles of SEO, such as using keyword search, internal and external links, as well as implementing an SEO strategy to achieve notable results. Online Advertising & Social Media yellowdog/Getty Images Available on edXLength: 4 weeks Cost: Free; $499 for certificateKnowing how to use social media as a marketing tool is a skill in its own right. This University of Maryland course covers everything you need to know, including the importance of SEO, lead generation, video advertisements, and content marketing. Social Media Marketing Udemy Available on UdemyLength: 3.5 hoursCost: $18.99This course is specifically designed for business owners who want to finetune their social media marketing skills. It teaches students how to use different types of social media and create a social media strategy, while also covering the risks involved. The Strategy of Content Marketing Westend61/Getty Images Available on CourseraLength: 19 hoursCost: Free to audit (no certificate) or with a 7-day trial; $49 per month subscription after trial endsThis University of California, Davis course highlights the importance of content writing and how to use it to attract customers, create a strategy that you can measure, and write engaging copy. This course also features assignments for hands-on learning. Google Universal Analytics Essential Training PeopleImages/Getty Images Available on Linkedin LearningLength: 2 hours and 39 minutesCost: Free with a 1-month free trial; LinkedIn Learning subscription $19.99 or $29.99 per monthDigital marketing is complex, but if you want to understand all the happenings behind the scenes of how your business comes up in search engines and how people interact with your website, this class is for you. Online marketing certificate programs Digital Marketing Fundamentals Professional Certificate University of Edinburgh Available on edXLength: 4 monthsCost: $313.20 for the program; individual courses can be audited for free (no certificate)Curious about all the marketing jargon and different strategies that are used to target customers? This fundamentals certificate program from the University of Edinburgh explains everything you need to know to conduct a competitor audit as well as create your own marketing strategy. Digital Marketing Strategy and Planning Specialization Andia/Universal Images Group via Getty Images Available on CourseraLength: 3 monthsCost: Free to audit (no certificate) or with a 7-day trial; $49 per month subscription after trial endsA series of three courses, this Specialization from the Digital Marketing Institute is designed for beginners who want to learn about various aspects of marketing, including social media and content writing, as well as how to design and implement a marketing strategy that effectively converts your target audience into customers. Digital Marketing Specialization Christina Morillo/Pexels Available on CourseraLength: 8 monthsCost: Free with a 7-day Coursera trial; $79 per month after the trial endsPart of the University of Illinois's online MBA degree, this Coursera Specialization covers the data analysis and web tools needed to identify a core audience before diving into the principles of digital marketing. Search Engine Optimization (SEO) Specialization Westend61/Getty Images Available on CourseraLength: 5 monthsCost: Free to audit (no certificate) or with a 7-day trial; $49 per month subscription after trial endsUnderstanding how SEO works is crucial for any business or organization. This four-course Specialization from the University of California, Davis teaches you the basics of SEO, from conducting a keyword search to optimizing a website and analyzing web reports. Upon completion of the certificate program, you'll be able to identify and recommend SEO best practices to future clients.  Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 21st, 2021

The IQ Protocol Origin Story – How It All Began

Subscription models are everywhere these days. From Spotify to fitness gyms, it seems as if there is nothing that a business can’t turn into a subscription model. You can even get a monthly bacon subscription – please wait until the end of this article before signing up for this tasty monthly delivery! Q2 2021 hedge […] Subscription models are everywhere these days. From Spotify to fitness gyms, it seems as if there is nothing that a business can’t turn into a subscription model. You can even get a monthly bacon subscription – please wait until the end of this article before signing up for this tasty monthly delivery! if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get Our Icahn eBook! Get our entire 10-part series on Carl Icahn and other famous investors in PDF for free! Save it to your desktop, read it on your tablet or print it! Sign up below. NO SPAM EVER (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q2 2021 hedge fund letters, conferences and more This all goes to show, consumers love this new business model. Many members of the current generation are proving time and time again that they value experiences over ownership. So much so, that we may be in the midst of a new era itself, one where humanity sees the end of ownership all together. At the same time, the rising price of Bitcoin, Ether, and other cryptocurrencies would soon garner increasing public interest in the crypto space, driving more and more demand for new and exciting projects. The “chicken and the egg” issue of launching a project via ICO refers to the case when potentially good teams had to create native tokens, tie them to the core product, all in an effort to raise funds for product development. Without capital, projects would not be able to get off the ground. Without anything to show to the public, projects would have trouble raising capital. While many projects may have found success raising capital via an ICO – many were later trapped with the painful reality that the issued tokens had no viable use cases. Dreams that a successful project would equate to a rising token price were soon met with the harsh reality that such ties were not as linear as initially expected. And while many successful crypto projects continue today – it would not be surprising to see that this success had very little carryover into the relevant tokens that were issued to get those projects off the ground to begin with. PARSIQ has previously faced such a situation, so I would like to tell how our team invented the solution, which can also be implemented for any other cryptocurrency project. The solution is called IQ Protocol. How Did PARSIQ Start? Most of the PARSIQ team are comprised of professional blockchain engineers who have built numerous blockchain systems and backends for crypto exchanges. In prior roles and projects, each of the team members faced the same issue – they had to build something to connect blockchain activity to centralized applications, devices, user-facing front-ends, legacy systems and other off-chain networks. Realizing this, the PARSIQ team saw an opportunity to build a platform where absolutely anyone (coder or non-coder, individual, team or enterprise) could develop and deploy blockchain to off-chain connections with just a few clicks or a few lines of code. In 2019, PRQ tokens went live through a regulated IEO on Coinmetro exchange. Initially, PRQ tokens were a part of the PARSIQ platform which co-existed with fiat payments for using it’s services. In other words, PARSIQ platform users could pay either via Stripe or PRQ. There are hundreds of companies that have a very similar tokenomics model - having their tokens as means of payment or discount while taking fiat at the same time. Under such models, this setup is flawed, as it disincentivizes an individual from holding the token to begin with. Why go through the extra step of acquiring a token to pay for services, when the services can be paid in fiat instead? Such an arrangement erodes any utility the token was initially designed to have, and ultimately leads to an overall lack of use or interest in the token. Most purchasers become speculators, hoping that an eventual rise in popularity of the project will translate into price appreciation for the related token. PARSIQ Evolved, The Birth Of IQ Protocol Since the beginning, PARSIQ had always envisioned being more than just a coding language for skilled individuals. Our company now has a user-friendly interface so that anyone (regardless of technical skillset) can find the PARSIQ monitoring solution useful and profitable for themselves. Today, PARSIQ is continuing to push the boundaries with its innovations. As of Q2 2021, the innovative side of the project is focused on: Scaling the monitoring suite of solutions for corporate usage; Building the next-generation subscription model for all SaaS companies in the world - the IQ Protocol. Our approach is very different from traditional Layer 1 blockchains, such as Ethereum and Bitcoin. The creation of a universal bridge between the different ecosystems will catalyze broader adoption of blockchain technology. We have been working with a lot of cryptocurrency projects, and at times, helping to mitigate hacks and forking impacted tokens. Many companies have also come to us asking to help them build a proper token economy model, taking into account their exciting products and services. In December 2020, Anatoly Ressin, PARSIQ’s Chief Blockchain Architect held an AMA demonstrating how our proposed IQ Protocol solution would work within the PARSIQ ecosystem. The idea was to align the interests of all of the tokenholders for PRQ - hodlers and traders - with the interests of our utility users. PARSIQ Became The First Tokenized SaaS Business PARSIQ was the first ‘client’ to IQ Protocol for utilizing this DeFi framework in order to build a transparent and risk-free economy model for its tokens and the platform. Our team has devised a blockchain agnostic solution for implementing subscriptions on-chain in a flexible and cheap manner. This has been done all while preserving the all important workflows such as cancel/refund policies, different time-frame considerations, consumption rate quotas, discounts, and more. This was accomplished through the introduction of a concept utilizing PowerTokens. PowerTokens are not used as a means of payment, but rather, as a deterministic over-time “energy” generator. Within IQ, energy plays a role in accounting for the unit of service consumption (like gas units in Ethereum). Solving the common crypto “token not needed” problem, we have become the first enterprise to transform the traditional subscription model using IQ Protocol. As of today, every PARSIQ user can use the platform and build monitoring solutions simply by holding PRQ tokens as a method of payment. IQ Protocol helps companies build a circular economy and take into account the interests of the main shareholder groups: HODLers, service users, and traders. Under IQ, the new PARSIQ subscription model works as follows: Platform users, mainly businesses, pay for the service by holding special PRQ tokens. Consumers have two options: either buy the original tokens that have life-time value, or rent PRQ tokens from the renting pool. The main idea here is that the original tokens are not released from the renting pool. Instead, the pool mints an expirable version of these tokens. Lenders can loan their PRQ into the IQ Protocol and start earning yield. If a person lends his PRQ to the pool, he will be issued iPRQ (interest PRQ) as proof that he has placed PRQ into the pool. As the name suggests, the lender earns an interest on his PRQ when PARSIQ customer borrows them from the pool. IQ Protocol Provides Existing Tokens Utility For Any Project Fixing a broken economy is not for the faint of heart, after all, full careers have been built around such monumental tasks – understanding everything from borrowing and lending, to national and global consumption in the consideration of setting various economic policies. However, in the context of token economies, PARSIQ, and our IQ Protocol, has created the ultimate “plug and play” tokenomics model. This solution, which is industry and blockchain agnostic, lays out the framework to provide instant utility to existing and/or planned tokens. IQ Protocol is a risk-free, collateral-less solution to tokenize subscriptions. Effectively, any product or service sold by a project can be turned into a subscription – where access to that solution is controlled via the project’s token. Under this protocol, we have completely reimagined how the subscription model is executed, and have also introduced a new dimension in terms of how businesses can operate. How To Utilize IQ Protocol For A Project Businesses utilizing IQ will first need to look at their product portfolio to understand how such solutions can be turned into a subscription model. Once the business has defined what the token can represent, the product can then be tied to the token, giving the token holder the rights and privileges that have been assigned to that token as defined by the business. Tokens are then assigned a lifetime value – which determines how much and how long the token holder has access to the products and services for while holding that token. IQ Protocol also takes an innovative approach to token utility through the introduction of Power Tokens. Unlike conventional utility tokens which represent a fixed amount of utility, Power Tokens generate utility over time. Therefore, holders of Power Tokens "subscribe" to utility rather than possessing a fixed quantity. For example, the conventional "tomato token" would represent rights to collect 1 kg of tomatoes, whereas a Power "tomato token" (with weekly flow and expiry in 1 year) would represent a right to collect 1 kg of tomatoes per week for a year. Power Tokens are housed in a "Power Enterprise" - a series of smart contracts which aggregate several IQ Protocol features, including governance, funding, and the ability to mint new Power Tokens. IQ also introduces a concept known as the renting pool – which ultimately allows consumers to rent tokens from token holders versus holding them outright. The Next Steps Currently, our team is now investigating another great use case for IQ Protocol - NFT renting. Using IQ renting pools, projects could build their own marketplaces for trustless, decentralized, risk-free, collateral-less renting of NFTs. This is suitable for any type of NFT token and creates new utility for collectibles or in-game NFTs, as an example. NFT owners can earn passive income from renting their NFTs, assured by knowing it’s absolutely risk-free and time-estimated. Users can rent expirable versions of these NFTs by paying a fee for a trial period or in order to get the benefit immediately without buying the asset, like renting a unique powerful weapon (or other in-game assets) to defeat an opponent in-game. Updated on Sep 21, 2021, 12:52 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkSep 21st, 2021

Tim Cook on the ‘Basic Human Right’ of Privacy and the Technology That Excites Him the Most

While Apple continues to reach new heights, the past year hasn’t been an easy one for the world’s most valuable company (To receive weekly emails of conversations with the world’s top CEOs and business decisionmakers, click here.)   This week’s interview was conducted by John Simons, Executive Editor at TIME.   Can you imagine people were worried about this guy? Prior to taking over officially as CEO of Apple from co-founder Steve Jobs in 2011, Tim Cook was known in tech circles as a quiet tactician, skilled at driving operational efficiency. But at the time, many pundits worried that Cook wouldn’t be able match his predecessor’s charisma and carnival-barker showmanship. Those doubts have faded with every new height the company hit, and Apple’s investors certainly have few complaints. Their shares have ballooned more than 1,000% since Cook took over, and the iPhone maker surpassed oil giant Saudi Aramco this year to become the world’s most valuable company. [time-brightcove not-tgx=”true”] Still, Cook insists it’s not just about the numbers. In an interview with TIME, he said that it’s important for Apple to lead not only in innovation, but also in efforts to make the world a safer, more equitable place. The past year hasn’t been an easy one for the world’s most valuable company. In September alone, critics knocked Apple’s recently revealed iPhone 13 for being too iterative, a federal judge ordered the company to substantially change its App Store as part of an antitrust lawsuit brought by Fortnite maker Epic Games, and it delayed software aimed at fighting child pornography after privacy experts raised concerns about the company’s plan to scan users’ iCloud accounts for illegal content. Cook played a starring role in App Store courtroom proceedings, defending the company on the witness stand, in part by arguing that Apple excludes rival app stores from the iPhone not to garner additional revenue, but to ensure user security. “We’re not thinking about the money at all, we’re thinking about the user,” he told the judge in an Oakland, Calif., courtroom in May. Those words—“…not thinking about the money”—would surely illicit groans and eye-rolls coming from any other millionaire CEO, but uttered by Cook, with a good dose of serene Southern charm, they have potential to melt anyone’s icy skepticism. In our 2021 TIME100 issue, Phil Knight, co-founder and chairman emeritus of Nike, confirms that the Cook we see in public is the same man behind boardroom doors. Knight praises Cook’s wisdom and good judgement, writing: “What separates the good from the great are intangibles such as character, compassion, courage—adjectives that apply to Tim.” Those qualities helped Cook earn the honor of being selected as a 2021 TIME100 honoree—and they were all on display when I spoke with Cook recently about his thoughts on leadership, corporate values and the tech that really excites him. This interview has been condensed and edited for clarity.   Subscribe to The Leadership Brief by clicking here. You just hit a big milestone recently, a decade as chief executive. Have you changed the way you manage in that time? Have you learned anything new in your role as CEO? Maybe the top thing I’ve learned is that, I still have so much more to learn. I learned very quickly to remember that I had two ears and only one mouth, and to listen very carefully to people that I’m surrounding myself with, because I have some of the best and brightest people around me. And they’re smarter than I am. And we’re able to solve some really big issues and big problems by working together. The pandemic itself in this last 18 months, has taught me that we’re not always in control of our destiny. We have to adapt and be flexible and agile, and move and learn very quickly. If you were to have told me 18 months ago, that we would still be sitting here today, I would never have guessed all the things we did accomplish over that course of time. It’s become very popular among CEOs to talk about something called stakeholder capitalism–companies committing to doing better by their workers, by their customers and by the environment. Apple has been talking about these issues for a long time. Do you think it’s important now, for companies and for business leaders, to be upfront about where they stand on political and social issues? Our values are infused deeply into the company. And so, as you point out, we’ve been talking about the environment for decades. Our goals have changed, and the activities have changed around those. They’ve gotten much bolder. But we’ve always cared deeply about the environment. We’ve always cared deeply about workers. We’ve set the highest standards for workers in our supply chain, of anybody in the industry. We’ve always cared deeply about our employees. They’re my most important constituency. We’re in a period of time where some of the biggest problems of the world, like climate change as just one example, this is not going to get solved solely by government. This needs other constituencies and other stakeholders to move in the same direction and have public/private partnerships. Diversity and inclusion, racial equity and injustice, these are all things that we need the whole of society moving forward on. And so, I think it’s more important than ever. I think more people expect it today as well, and I applaud that. I’m glad that our customers are expecting it, our employees are expecting it. And I see that happening across the industry and in many other industries. And I think it’s great for society in general. How do you ensure that Apple is at the forefront of the latest ideas in those areas and stays part of the public conversation? We pride ourselves in innovation. We’re always challenging ourselves to up our ante in environment, as just one example. If you look at[…]our journey on environment, we started with eliminating toxics. Years later, we ran our company on 100% renewable energy, being carbon neutral as a company. And now we’ve set a much bolder objective by 2030, to have our entire carbon footprint go away. This is not only the part within our company which we control today, but also our supply chain, and also our product usage at our customers. This is an incredibly bold objective. And we evolve and set these more bold and ambitious objectives, as time goes on. Why do you feel like it’s important for Apple to remain a part of the public conversation around issues of equity, the environment and so on? Is it important for the business? Is it important for just the general image of the company? It’s nothing to do with image and so forth. It’s about, we’re a collection of people in Apple that want to change the world for the better. We want to leave the world better than we found it. And to do that, you have to be a part of the conversation in areas where the policies of government intersect with your values. Racial equity and justice is a part of that. Diversity and inclusion is a part of that. Environment is a part of that. Supplier responsibility, is a part of that. All of these things are key, in terms of the way that we present ourselves. And probably more importantly, we can be a ripple in the pond on these things. So, we can create a change that is much broader than any of us could individually do ourselves. If we stop changing the world or are stopped trying to put our ding in the universe, so to speak, I don’t think people would want to work here anymore. Where do you think your personal comfort level with espousing these issues comes from? This is not something you learned in business school. Yeah. You’re exactly right. There was no course on this, at least, at the time I was in business school. I’m not sure I can totally answer your question, but I think it’s rooted in the way I was brought up. In what I saw going on at the time I was being brought up. Martin Luther King was killed in 1968. I was 8 years old at the time. There were all kinds of racial equity and justice issues in the environment at that time. As I got older and understood the environmental issues, you don’t have to look beyond yesterday or the day before to see the latest storms and the latest floods and the devastation that it’s causing. And it’s causing it disproportionately to people in need. So, I think all of these things. And of course, my background as a gay American, as well, has a lot to do with that. You learn to speak up about these things. Let’s jump to a bit of technology talk. Apple recently made privacy a big part of the sales proposition for buying the company’s products. Why is this an important push—and should we expect to see more, along these lines? Well, we believe privacy is a basic human right. It starts with that. And we believe that privacy is one of the most consequential issues of our time. I mean, it’s right up there, near the top of the list of things. And we see every day, people’s privacy being taken for granted, and them losing control. And we’re all about giving the user transparency and control. We’ve come out with so many different features over time. This year we came out with application tracking transparency. Where, if apps want to track you across apps, they have to get your permission. It sounds really simple, but it’s pretty profound in terms of how the internet actually works. We came out with a privacy “nutrition label” for the app store, where an app has to describe what information they’re collecting and why they’re collecting it. Again, it sounds simple, but it’s a profound change. We’re working for the user. It’s not about a marketing slogan or a way to sell things. It’s a core value of ours. Beyond Apple, just looking out there on the technology landscape, what excites you about innovations that you’re seeing today? I get really jazzed about AI. AI today is in a number of products that you don’t really think about. If you just take, from us, from the way that we’re recognizing your face, to your fingerprint. The way that we’re grouping photos together, the way that Siri works. I mean, AI is everywhere. And I see that we’re at the very early stages of what it can do for people and how it can make people’s lives easier. I am really stoked about [augmented reality], and what AR can bring. And the overlay of the virtual world with the real world. But in a way that is not distracting from the physical world and your physical relationships. But enhancing your relationships, enhancing your collaboration. Is that what some people are calling the metaverse? There’s clearly different words out there; I’ll stay away from the buzzwords. We just call it augmented reality. But I am super excited about these things. I believe that technology can do so much good in the world. And of course it depends on the creator, and whether they thought through the ways it can be used and misused. But mainly, I am so optimistic about all the things that can happen in our lives that free up time for more leisure activities and other things that we want to do in life.   Subscribe to The Leadership Brief by clicking here......»»

Category: topSource: timeSep 21st, 2021

Stocks To Profit On The Lingering Death Of Cable

When it comes to stocks, it pays to play the long game, because the headlines might give you an incorrect idea about the future of a particular industry. Take the entertainment industry, for example. In recent weeks we’ve heard decidedly mixed messages – on one hand, the squabble over Chinese telecom firms listing on the […] When it comes to stocks, it pays to play the long game, because the headlines might give you an incorrect idea about the future of a particular industry. Take the entertainment industry, for example. In recent weeks we’ve heard decidedly mixed messages – on one hand, the squabble over Chinese telecom firms listing on the NYSE seems to have spooked investors; on the other, there have certainly been some entertainment stocks that benefited from the pandemic. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Series in PDF Get the entire 10-part series on Charlie Munger in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q2 2021 hedge fund letters, conferences and more Take a broader view, however, and you’ll see that there are some seismic shifts that will eventually make these short term blips – and yes, even the pandemic – meaningless. And one is probably visible in your living room right now. Cable TV is slowly dying. There are good reasons for that, and in this article we’ll explain them. Then, we’ll give you three stocks that are going to grow as cable TV continues its slow but inevitable decline. The Death Of Cable First, let's assess why cable TV is dying and what that means for the economy as a whole. The first fact to note here is that there are some very good reasons for the coming cable exit. It might surprise you to learn, for instance, that the price of basic cable has increased 250% since 1996, and cable companies are among the most hated in the world, thanks largely to their under-funded customer service departments. In this context, it’s no surprise that as soon as an alternative came along – streaming services like Netflix and Hulu, for instance – it didn’t take much to get people to leave their cable company. The numbers here are pretty extreme, in fact: 32 million households are now "cord cutters." That's 27% of homes, compared to just 4.5% in 2010. 45% of Americans stream television shows at least once a month. 24% of TV viewers ages 18 to 34 (the prime advertising demographic) don't subscribe to any traditional television services. In 2020 alone, more than 6 million people decided to cut the cord. These figures are even more striking when you consider the economics. The cable TV industry, in its prime, was a corporate behemoth, and was worth more than $100 billion a year. This means that, as cable companies die away, there is an awful lot of money suddenly up for grabs. It will be taken by those companies who know how to position themselves in the emerging market for streaming TV services. Our Picks At first glance, it might seem that the companies that look the most like cable companies – Netflix and Hulu, for instance – will be the winners from the death of cable TV. However, things may not be that simple. The market for streaming services is dynamic, highly competitive, and highly risky. Customers now expect to be able to change their streaming provider quickly and easily, and they may do so several times a year. For investors, this means that investing in streaming platforms themselves can be a risky business. Even a company the size of Netflix can see its share price fluctuate widely in response to viewer numbers for a particular show. It’s better to take a broader view, and invest in those companies that are providing the infrastructure for the streaming revolution, and who will continue to do so no matter which platforms people are using. With that in mind, here are our picks: Verizon It might seem strange to pick Verizon Communications Inc. (NYSE:VZ) in this list, given that the company is representative of the “old guard” of telecom companies. The truth, however, is that many Americans now stream TV through Verizon broadband connections, and many more will start doing so in the next few years. The reason why Verizon is well-positioned to take advantage of the death of cable is simple – they have invested in 5G across the USA. 5G is all but necessary to enjoy the new breed of streaming services which are coming on to the market today. Verizon was one of the first telecom companies to see this, and are likely to see their customer numbers increase because of this. Google Google - Alphabet Inc (NASDAQ:GOOGL) - stands to gain in a number of ways from the death of cable TV. Many of the streaming services that are replacing cable rely on infrastructure provided by Google, for instance, and in many cases Google accounts are used to access streaming content. This means that Google, already the world’s biggest advertiser, is poised to become the biggest broker of video ads across these new services. The company also has a few surprises up its sleeve, though. One is the fact that it is investing in the satellite internet market. At the moment, poor internet access is what is holding back many customers in rural areas from cutting the cord – if Google’s plans come off, that will no longer be the case. CoreSite A slightly more unusual idea is to invest in the companies that provide the infrastructure needed for streaming services. CoreSite Realty Corp (NYSE:COR) is a company that leases real estate to some of the biggest companies in the technology industry, mainly so that they can build data centers. As the streaming revolution gathers pace, more and more of this kind of space is going to be required, and stocks in companies like CoreSite are likely to rise in parallel. The Bottom Line It’s impossible, of course, to predict the future of the cable industry with a high degree of accuracy. The industry is still in recovery mode from the pandemic, after all, and many people have better things to worry about than whether their cable subscription is the best choice. Year by year, however, the cable tv industry is dying, and that means that canny investors can make some major gains. Please note we are not a professional investment advisory service and have no idea if these suggestions will work to your benefit or not. This information is informational only, with no profit implied or guaranteed. Please consult a financial advisor before proceeding and don’t invest money you can’t afford to lose. Updated on Sep 20, 2021, 12:26 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkSep 21st, 2021

So Much For Hawkish Fed

So long – better said (as if it did apply in the first place). If June FOMC showed us anything, it was the power of (cheap) talk. We‘ve gone a long way since inflation‘s (getting out of hand) existence was acknowledged – yesterday, we were treated to very aggressive $10-15bn a month taper plans, cushioned […] So long – better said (as if it did apply in the first place). If June FOMC showed us anything, it was the power of (cheap) talk. We‘ve gone a long way since inflation‘s (getting out of hand) existence was acknowledged – yesterday, we were treated to very aggressive $10-15bn a month taper plans, cushioned with the „may be appropriate“ and Nov time designations. Coupled with the few and far away rate hikes on the dot plot, something fishy appears going on. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q2 2021 hedge fund letters, conferences and more While the real economy recovery progress has been acknowledged (how does that tie in with GDP downgrades and other macroeconomic realities I raised in yesterday‘s extensive analysis?), I think that the bar is being set a bit too high. Almost as if to give a (valid) reason for why not to taper right next. And the theater of taper on-off could go on, otherwise called jawboning, as markets reaction to this fragile phase of the economic recovery (marked by increasing deflationary undercurrents as shown by declining Treasury yields and contagion risks – make no mistake, Evergrande is the tip of the iceberg, real estate has been heating up over the last 1+ year around the world, and in the U.S. we have BlackRock mopping up residential real estate supply, underpinning high real estate prices especially when measured against income). Don‘t forget the weak non-farm payrolls either when it comes to the list of excuses to choose from. At the same time, we have not been entertained by the debt ceiling drama nearly enough yet. Right, the Fed is projecting the aura of independence, which made a Sep decision all the more unlikely. And who says we‘re short of drama these days? So, S&P 500 looks seeing through the Fed fog, but don‘t forget about the historical tendency to fade the first day (FOMC day) move during the next 1-2 days. So, I‘m looking for a certain paring off of yesterday‘s upswing in both paper and real assets. And that includes backing and filling in both commodities, precious metals and cryptos. Let‘s move right into the charts (all courtesy of www.stockcharts.com). S&P 500 and Nasdaq Outlook The bulls are on the move, running into headwinds though – more intraday hesitation (inan overall up day with a notable upper knot) is expected. Credit Markets High yield corporate bonds again merely kept opening gains – there is still hesitation, but the bullish spirits are ever so slowly returning. Gold, Silver and Miners Gold was still stunned by the taper plans presented, and miners are bidding their time. We haven‘t turned the corner yet. Crude Oil Oil stocks confirmed the oil upswing, and black gold‘s chart still maintains bullish posture. Copper Copper didn‘t really hesitate – the red metal produced another wild upswing, but the volume and base is lacking, and might take a moment to establish itself. Bitcoin and Ethereum Bitcoin and Ethereum rebounded, but the volume could have been larger – what was amiss there, could be compensated by prices hanging above at least the midpoint of yesterday‘s white candle. Summary The balance of power is shifting to the bulls, who are about to face a retracement attempt of yesterday‘s upswing, however. The degree of its mildness would hint at what to expect next – crucially, the dollar is getting the Fed (not a hawk) message, which would serve to cushion any hiccups taking markets lower over the nearest days. Thank you for having read today‘s free analysis, which is available in full here at my homesite. There, you can subscribe to the free Monica‘s Insider Club, which features real-time trade calls and intraday updates for all the five publications: Stock Trading Signals, Gold Trading Signals, Oil Trading Signals, Copper Trading Signals and Bitcoin Trading Signals. Thank you, Monica Kingsley Stock Trading Signals Gold Trading Signals Oil Trading Signals Copper Trading Signals Bitcoin Trading Signals www.monicakingsley.co mk@monicakingsley.co All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice. Updated on Sep 23, 2021, 10:35 am (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalk3 hr. 42 min. ago

Advertisers demand agencies prove their eco credentials

In this week's Insider Advertising newsletter we're covering sustainability metrics in RFPs, supply-chain issues for ad plans, and Facebook's comms. Hello and welcome back to Insider Advertising, your weekly look at the biggest stories and trends affecting Madison Avenue and beyond. I'm Lara O'Reilly, Insider's media and advertising editor. If this was forwarded to you, sign up here.As we gear up for the big holiday quarter, Facebook advertisers are already experiencing their nightmare before Christmas as Apple's recent privacy changes take effect. In a blog post Wednesday, Facebook said some advertisers' post-iOS 14 difficulties were hitting harder than they had expected. Some of those issues could be attributed to Facebook underreporting conversions on iOS devices by about 15%, the company said. Direct-to-consumer and so-called performance advertisers in particular are bracing for a bumpy Q4.Let's get you caught up on this week's other big advertising news:Marketers are pushing their ad agencies to be eco-friendlySupply-chain shortages are affecting ad plansFacebook is embarking on a more defensive comms approachIt's not easy being green Investors can make this happen, if they want to. Frank Bienewald/LightRocket via Getty Images It's been a little over five years since big brands like General Mills and HP made headlines by setting out requirements for their ad agencies to diversify their workforces.Now, an increasing number of advertisers are also asking agencies pitching for their business to lay out their sustainability commitments, the Insider correspondent Patrick Coffee reports, quoting one agency exec who said it's now part of every pitch.But while sustainability metrics are now front and center of many RFPs, I'd wager that few advertisers are at the point where they can audit compliance with the promises being made."It's an important part of any process, but many of the areas can be quite challenging on an ongoing basis," Ryan Kangisser, the managing partner of strategy at the media-advisory firm MediaSense, told me. What's more, as the coronavirus pandemic forced nearly all businesses to significantly rev up their e-commerce operations, some advertisers could do well with turning the mirror back on themselves. Global delivery volume records that were set last year are likely to be smashed once again in the holiday quarter."As e-commerce gets bigger, we all have to recognize the energy and power required to fuel all the e-commerce sites and clicks and transactions that are exponentially exploding at the moment," said Richard Robinson, a managing director of the pitch consultancy Oystercatchers.Yet, Robinson said, when brands are leaned on to ask who is ultimately responsible for sustainable e-commerce within their companies - The CMO? CDO? IT? Supply chain? - many execs still don't have a solid answer."The e-commerce kahuna is everyone's inconvenient secret at the moment," Robinson added.Hey big spenderAs e-commerce spending continues to soar through 2021 and beyond, so too is retailer spending on digital ads.Retail has long been the biggest-spending sector on digital ads in the US - which makes sense, as it's the category with the clearest visibility about whether the ads drove a sale. eMarketer; Taylor Tyson/Insider Insider Intelligence forecasts US retailer digital ad spending will blast through the $50 billion mark in 2022 - "a mark that no other industry will approach in the next couple of years," the Insider-owned research company's analysts wrote. In fact, Insider Intelligence doesn't predict any other single category will spend more than $20 billion in digital ads a year until 2023.In the meantime, retailers and e-commerce companies like Walmart, Target, and Instacart are busily building their own ad businesses and taking on the market leader Amazon by using their valuable first-party data to help advertisers target the shoppers most likely to buy their products. Insider Intelligence estimates that US retail media ad spending will grow almost 28% to reach $24 billion this year.You can't always get what you want FILE PHOTO: A General Motors assembly worker works on assembling a V6 engine, used in a variety of GM cars, trucks and crossovers, at the GM Romulus Powertrain plant in Romulus, Michigan, U.S. August 21, 2019. Rebecca Cook/File Photo Insider's senior reporter Lauren Johnson reports: Supply-chain issues are affecting ad spend, Ad Age reported, and it's not just mom and pops grappling to stock their shelves.Automakers like GM are also contending with big issues that make it hard to get their products to people, and big names are cutting advertising spend as a result, according to four agency sources who handle ad buying for the auto industry.One ad buyer said GM brands like Ford and Chevy, as well as the Dutch automaker Stellantis, cut ad spend earlier this year in response to computer-chip shortages that slashed production cycles, adding that car brands shifted their messaging from selling new vehicles to encouraging people to buy used cars at local dealerships. Representatives for Ford, Chevy, and Stellantis did not respond to requests for comment.Agency sources said that such cuts had hit mostly TV advertising and that in cases in which only some of a brand's products were unavailable, advertisers redirected digital ad spend to promote in-stock items with performance tactics like programmatic advertising that can track sales of products.Read more: KFC isn't advertising chicken tenders on TV because of supply-chain shortagesSorry seems to be the hardest word Facebook CEO Mark Zuckerberg in New York City on Friday, October 25, 2019. AP Photo/Mark Lennihan A few years ago, as sure as spring would turn to summer and summer to fall, it felt as if the latest Facebook mea culpa was only ever a few months away. (The Washington Post even made a handy timeline.) Yet while Facebook has been significantly ramping up its own ad spend of late, don't expect to see any more full-page apology ads from the social network in your favorite newspaper anytime soon.As The New York Times reported, amid the weight of negative scrutiny on the company, Facebook's communications execs are pressing on with a different strategy: No more apologies.That attack-dog approach has been in plain view following The Wall Street Journal's explosive "Facebook Files" investigative series, which uncovered a litany of serious issues on that platform that the company appears to be aware of but has failed to fully address.Facebook's vice president of global affairs, Nick Clegg, fired back with his "What the Wall Street Journal Got Wrong" blog post. Mark Zuckerberg, who personally hasn't responded to The Journal's reporting, instead wagged his finger at The Times for implying he had posted a video of himself riding an "electric surfboard" instead of a hydrofoil. Over on Twitter, a Facebook representative sought to play down The Times' reporting of "Project Amplify," the social network's initiative to show people positive stories about the company on the platform.Meanwhile, the heat on Facebook shows no sign of petering out:Another Facebook ad boycott could be around the cornerSenators said they'd investigate Facebook's internal research into Instagram's effects on the mental health of young usersOne of Wall Street's top internet analysts says Facebook and Instagram user satisfaction just dropped to all-time lowsRecommended readingWaze CMO Erin Clift has left amid leadership shake-up at the Google-owned company - InsiderRoku is rolling out a new tool to compete with Facebook and Google for the $16 billion local advertising market - InsiderAT&T CEO John Stankey says he's unhappy with the company's brand and is planning a more future-facing refresh - CNBCVideoAmp has begun testing its cross-platform TV- and video-measurement ratings alternative with five major ad holding companies - CampaignAudi is looking for a new ad agency to handle its $185 million ad business - InsiderTikTok insiders describe how parent company ByteDance's culture principles, called 'ByteStyles,' are used to reward and reprimand - InsiderSee you next week - and in the meantime please do continue sending your feedback and news tips for this newsletter to loreilly@insider.com Read the original article on Business Insider.....»»

Category: topSource: businessinsider4 hr. 58 min. ago

I"ve helped hundreds of people get paid more. Here are the 5 biggest myths about negotiating a higher salary.

Companies expect you to negotiate, and you're leaving money on the table by not asking, says career expert Brian Liou. Even if they act otherwise, companies expect you to negotiate their salary offer. Klaus Vedfelt/Getty Images Many people think negotiating their starting salary or asking for a raise is a bad look - it's not. Companies offer what they think you'll accept, not what you're worth, says career advisor Brian Liou. Know that your market value isn't fixed, you can ask for more, and salary bands aren't set in stone. See more stories on Insider's business page. When I was just starting my company Rora - a career and negotiation agency for high performers - a friend received a job offer she was excited about. When I asked her if she planned to negotiate, she said, "Do you think I should? I don't want to hurt my reputation before I start!" Thankfully, I talked her into it.In reality, the idea that negotiating will make a company think less of you is a huge myth - just one of many when it comes to offer negotiations. And a company that does think less of you doesn't really value you, which means you should go somewhere that does if your financial situation permits it.Whether you're considering a new job offer or discussing a raise with your current employer, you should be negotiating. Negotiation can add more value to your life than you'd think - from impacting your lifetime earning potential by setting a higher baseline for future compensation to making sure you feel truly valued for the work you're doing now.Yes, the prospect can be scary, but it's crucial to push past your doubts when you can afford to. I've helped more than 200 people with their offer negotiations and found there are common hangups that seem to get in everybody's way. Here are five myths that may be preventing you from succeeding - and how to move past them.Myth No. 1: Your market value is a fixed numberYou've probably heard that you should know your "market value" - and you've probably found yourself frantically Googling industry norms and pay ranges. But trying to base your negotiations around market value can be confusing and limiting.Reality: Market value is a moving targetTrue market value isn't a hard-and-fast number you can find on the internet. Think of it more like the price of a stock - sure, there are historical variables that help determine the value of a business, but at the end of the day, it's largely based on dynamic and forward-looking factors like how investors value the company and what story the company is presenting to them. Your own market value is similarly dynamic: Yes, you have some history of performance, but it's really defined by how much other employers are willing to pay and what story you can tell about the value you'll provide to companies.With that in mind, try the following to improve your estimation of your value during negotiations:Go big when benchmarking your salary. Consider your current salary and aim for at least 15% more (if you're negotiating a new job) or communicate the high end of salary ranges you see online.Always ask for more than you're offered. Remember that companies are focused on their bottom line, so they'll always try to offer the lowest number they can while staying competitive. In other words, companies pay what you're willing to accept, not what you're worth, so you should almost never accept the first number given. I've seen companies increase equity from $140,000 all the way to $1.5 million, and signing bonuses from $0 to $150,000, just because a candidate didn't jump at the first offer.Don't stop at what feels reasonable. Market value is a constantly moving target, and by pushing even slightly higher than what feels "reasonable," you're helping raise the expectation for everybody.Myth No. 2: Compensation can't go above the range a company has given youIf you've ever asked for a higher salary, you may have been told the company simply can't meet it because you're at the top of your "salary band." This kind of explanation can make it seem like there's simply no wiggle room and it would be silly to even try to negotiate.Reality: There are so many ways around salary bandsGoing outside of salary bands happens more frequently than you'd think. Even though they can feel set in stone, remember they are ultimately set by HR, a department whose job is to keep the company within budget, rather than your future team, whose job it is to move the business forward.Armed with that knowledge, here are a few ways you can work around salary bands:Ask the right people. To get paid outside of a set salary band, you'll typically need senior-level approval. If you're speaking to someone in HR, try sussing senior level buy-in out by saying something like: "I'm not sure the given salary band reflects my experience and the value I'd bring to the company. Could I speak with my manager? It seems there might be a misalignment of expectations for how I plan to contribute." You may need to work with the hiring manager to build your case for why the value you're offering exceeds the stated band.Negotiate to move to a higher band. If you feel the salary band is lower than your value, you could also ask to change your position title, level, or seniority, which can raise you up to a higher band. Try saying something like this to the hiring manager: "I'm very excited about the company mission, but I'm concerned I won't be able to have the impact I want to have given this title. I want to be doing senior-level work that allows me to add the most value to your organization."Negotiate non-salary factors to raise your total comp. Salary bands usually apply to base salary, which is often the hardest number to negotiate. If a company won't budge on the base, see if you can improve things like equity, annual or signing bonuses, relocation stipends, or benefits instead.Myth No. 3: You need a counteroffer to get a company to change their offerBringing competitive counteroffers to the table has become a popular way to negotiate higher compensation - so much so that some people believe they can't negotiate without having one to show.Reality: Counteroffers are not a requirementWhile counteroffers can be a powerful negotiation tactic, they aren't always necessary - and can sometimes be a detriment. And in fact, bringing a counteroffer to the table isn't the most effective initial tactic, because it limits your compensation to the highest offer you've received elsewhere.Here are some tips you can use when incorporating counteroffers into your negotiation:Don't share initially - even if the company asks. Companies will almost always ask you to share counteroffers early in the negotiation process and sometimes even suggest they can only negotiate if you have one. Get around this by saying something along the lines of: "I'd like my compensation to be based on my value to your company rather than how other companies are valuing me."Negotiate based on your value, with a nod to other offers. Return to the tips above and negotiate based on how much you believe you're worth first - while gently reminding them that you have other irons in the fire. Try something like: "I've given it some thought and have come up with an offer that would make me feel excited to give my 100% to [company] and forgo other opportunities on the table at [company names]." Then outline your ideal terms.Use counteroffers as a last resort. If the company absolutely won't budge and you have higher offers, then (and only then) is it worth bringing them to the table.Myth No. 4: You're not passionate about the work if you negotiate compensationPeople have a lot of shame around negotiating. You might think that it shouldn't be about the money if you really care about the work, that you're not a team player if you ask more for yourself - the list could go on and on.Reality: Companies expect that everyone will negotiateEven if they act otherwise, companies expect negotiation as part of the process. After all, this is a business relationship. You're offering your skills and expertise and should be compensated accordingly even if you are passionate and excited about the work.Here are some tactics to help you get over the shame of negotiating:Seek out professionals 10+ years older than you. After years of seeing the realities of the industry - including watching their peers get paid more because they negotiated, experiencing negotiation from the side of hiring managers, and being burned by companies promising that their low pay is worth it for the mission - they've typically lost this sense of shame and can help you start to move past it.Talk to peers who've negotiated. Understanding that everyone around you is negotiating can help normalize it and help you internalize that there's no shame in asking for more. And you might be surprised to learn what people have been able to get just from asking.Discuss your fears with a mentor. Getting an outside perspective from someone who's in your corner can help you validate whether your concerns are founded - or whether they're fears you should overcome.Myth No. 5: You can't ask for help with negotiationsIt's easy to feel like companies have all the power when you step into a negotiation. It's also easy to feel like you should have to go it alone - it's your career and salary, after all.Reality: It's normal to need and use helpMost people don't realize there are others who can help you negotiate. The vast majority of people who negotiate a wildly better offer are able to do so because they have help. And often, they don't have to go looking for it, they're usually just lucky to have a really great mentor in their industry who's personally invested in them.If you don't have this type of mentorship, you need to be more proactive. Don't assume you have to figure this out on your own. There's no shame in needing help. Whether it's a negotiation professional like a lawyer or coach, your manager or mentor, or peers in the industry, it's totally normal to lean on other people for support and information. (I may be biased, but I think the most successful negotiations involve a little professional assistance.)If you're still feeling iffy about asking for help, remember the following:Companies are experts at negotiation. While you're mostly negotiating with the recruiter, they might have support from an HR business partner, compensation analysts, and/or the hiring manager. In some cases, it's their full-time job to negotiate, and they probably have years or even decades of experience in getting the best deals possible for the company. Your compensation shouldn't be limited just because this isn't your area of expertise.Experts have more data than you. When it comes to determining your market value, companies often have much more info not only on what they're already paying folks on the team, but also on what people are making in similar roles at other organizations. Tapping into that kind of knowledge can help you avoid being left behind.It's normal to get help in other areas, and it is here too. You probably wouldn't think twice about working with a real estate agent to help you buy a house or an accountant to help you manage your money. Just as much is at stake when negotiating in your career, so it makes sense to get an expert in your corner.I know that's a lot - and it's really only the tip of the iceberg when it comes to ideas about negotiation that hold people back. But if you can start rewriting your internal script about negotiation now, it will help you overcome the biggest myth of all - that you are not worthy. Negotiating successfully ultimately comes down to this: Believe in what you bring to the table and work with people who believe in you. My ultimate advice is to keep looking until you find a company that believes in your worth as much as you do.Read the original article on Business Insider.....»»

Category: topSource: businessinsider4 hr. 58 min. ago

Transforming Connections Into Relationships: Central Alabama Broker Focuses on Support and the Experience

Anna-Marie Ellison Broker/Owner, ERA King Real Estate Anniston, Alabama www.era.com/era-king-real-estate–568c Region served: Central Alabama Years in real estate: 15 Number of offices: 10 Number of agents: 202 Jordan Grice: How did you come to partner with ERA, and how has the partnership helped mold your brokerage? Anna-Marie Ellison: ERA is all about building relationships, the […] The post Transforming Connections Into Relationships: Central Alabama Broker Focuses on Support and the Experience appeared first on RISMedia. Anna-Marie Ellison Broker/Owner, ERA King Real Estate Anniston, Alabama www.era.com/era-king-real-estate–568c Region served: Central Alabama Years in real estate: 15 Number of offices: 10 Number of agents: 202 Jordan Grice: How did you come to partner with ERA, and how has the partnership helped mold your brokerage? Anna-Marie Ellison: ERA is all about building relationships, the power of the network and collaboration, and the brand aligns with who we are as a company. It was a natural fit for us to partner with them. JG: What traits do you look for in agents, and how do you attract top talent? AEM: We’re constantly trying to build connections with agents at other companies so that any time they begin thinking about where they are in their careers, we have an at-bat to talk to them about what we offer our agents and how we help support their business. That said, we’re always on the lookout for great agents. If they’re top agents and produce a lot, that’s great, but it’s more important that they’re aligned with the core values and ethos we have for our agents. JG: What values do you promote at ERA King Real Estate to help your agents succeed? AEM: Our charge is to do the right thing all the time. We want our agents to deliver a consistently exceptional experience to their clients, and we help them do that by providing support—a ton of professional development for agents looking to get better and hone their craft. We want them to keep their REALTOR® hats on and let us handle the office and administrative project-management responsibilities to get a client from listing to closing. JG: What strategies have you implemented to snag listings during this time of limited inventory? AEM: We focus on building a relationship. You’ve got your core people and your sphere people, but what are you doing to get to know their family and help them make the best decision for them? A house is the largest purchase that many people make, so act like it and build relationships around that. JG: How do you and your agents approach the client experience? AEM: Here in the south, you have a Publix shopping experience and a Winn-Dixie or Walmart shopping experience when buying groceries. We try and model the Publix shopping experience for our business, which involves under-promising, over-delivering and exceeding expectations. We also encourage our agents to be predictive of what they think their clients are going to need. JG: How does tech use fit into your brokerage’s daily business strategy? AEM: While tech is a tool to help us support relationships with our agents, it also allows our agents to support their relationships with their clients. We’re a paperless company, and we’ve supported that initiative since 2016. It allows our agents to move more nimbly in this market where inventory is tight. As a result, our agents didn’t have to pivot when the pandemic began because we had a digital platform for them to work remotely within our framework. JG: What advice do you provide your agents regarding how they incorporate tech into their business strategies? AEM: Don’t change anything until you’re ready to work on your business. Adopting tech is like establishing a new habit. You can’t give it a week or two weeks and complain that it isn’t working. Agents sometimes get distracted by the latest shiny thing, but they have to give tech, or any process and workflow change, enough time to evaluate if it’s truly worth it. For more information, please visit www.era.com. Jordan Grice is RISMedia’s associate content editor. Email him your real estate news ideas to jgrice@rismedia.com. The post Transforming Connections Into Relationships: Central Alabama Broker Focuses on Support and the Experience appeared first on RISMedia......»»

Category: realestateSource: rismedia7 hr. 42 min. ago

Time To Buy The Dip?

S&P 500 dived, yet the slide was bought before the closing bell. Does the long lower knot mean the selling is over? It‘s too early to say as following similar momentuous days, it takes 1-3 days for the dust to clear usually. The selling pressure might not be over, and the question is how far […] S&P 500 dived, yet the slide was bought before the closing bell. Does the long lower knot mean the selling is over? It‘s too early to say as following similar momentuous days, it takes 1-3 days for the dust to clear usually. The selling pressure might not be over, and the question is how far will it reach on a fresh attempt – 4,350s look attainable. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q2 2021 hedge fund letters, conferences and more There, the fate of this correction would be decided, but we‘re on the verge of the historically more volatile part of Sep, and tomorrow‘s FOMC would up the ante. The dollar though was unable to rally, to keep intraday gains – on one hand a certain show of strength given the retreat in Treasury yields, on the other hand, proof of stiff headwinds as the world reserve currency isn‘t in a bull market. I‘m leaning towards the latter explanation. As stocks rebound in what may still turn out to be a dead cat bounce, commodities got clobbered too – just as cryptos did. Gold attracted safe haven demand as money flew to Treasuries as well. Miners with silver holding ground, are a good sign for the sector – the overwhelmingly negative sentiment looks getting long in the tooth. Let‘s move right into the charts (all courtesy of www.stockcharts.com). S&P 500 and Nasdaq Outlook Half full body, half lower knot – such are the trickiest of candles. The fate of the downswing is being decided, and the bears need to break below 4,350s to regain initiative. I wouldn‘t be surprised to see stocks diverge from credit markets as buy the dip mentality hasn‘t spoken its last word. Credit Markets High yield corporate bonds haven‘t made a strong enough comeback – their behavior through Wednesday, is of key importance now. Gold, Silver and Miners Gold has a chance to prove its local bottom is in, even if miners aren‘t yet confirming. Should the rebound in stocks hold, silver alongside commodities stands to benefit the most. Crude Oil Oil stocks and oil dived in sympathy, but black gold looks quite resilient to wild price swings. The bounce appears to have paused for the day. Copper Copper doesn‘t look as stabilized as oil does at the moment – prices haven‘t yet meaningfully decelerated, and the buying power isn‘t convincing. Bitcoin and Ethereum Bitcoin and Ethereum are joining the selloff, and the golden cross is in danger of being invalidated fast. Breaking below the early Aug lows would mean a fresh downleg is here. Let‘s see first the degree of liquidity returning to cryptos. Summary Is the selling over, is it not? Still inconclusive, but time for the bears is running short. The selling doesn‘t appear to be over, but I‘m not calling for a break of yesterday‘s lows before tomorrow is over. The degree of commodities outperformance today will be insightful as to the overall rebound strength. Thank you for having read today‘s free analysis, which is available in full here at my homesite. There, you can subscribe to the free Monica‘s Insider Club, which features real-time trade calls and intraday updates for all the five publications: Stock Trading Signals, Gold Trading Signals, Oil Trading Signals, Copper Trading Signals and Bitcoin Trading Signals. Thank you, Monica Kingsley Stock Trading Signals Gold Trading Signals Oil Trading Signals Copper Trading Signals Bitcoin Trading Signals www.monicakingsley.co mk@monicakingsley.co All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice. Updated on Sep 22, 2021, 10:09 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalk13 hr. 58 min. ago

13 Clever Gift Ideas For Coworkers In 2021

Shopping for coworkers is tricky, especially when Christmas comes around. With so many people to buy for already, the people you work with probably aren’t your top priority. Chances are, though, all you need is some inspiration. Q2 2021 hedge fund letters, conferences and more Check out this round-up of 13 great gift ideas, including […] Shopping for coworkers is tricky, especially when Christmas comes around. With so many people to buy for already, the people you work with probably aren’t your top priority. Chances are, though, all you need is some inspiration. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q2 2021 hedge fund letters, conferences and more Check out this round-up of 13 great gift ideas, including funny, thoughtful, and personalized gifts for coworkers. Personalized AirPods Case If your colleague already has earphones they love, then a personalized AirPods case is the perfect gift. Available in sophisticated color pallets and with beautifully inscribed initials, they show a genuine and personal touch. Buy these monogram leather cases in a range of shades to sort your shopping for the whole office. Desktop Tetherball Bring a sense of fun into the office by gifting your coworker a desktop tetherball set. It might seem like a simple gift, but it has the power to improve even the most boring working days. Plus, you might get to take part in any desktop tetherball tournaments that take place during lunch. Desk Fan There’s always someone in the office who can’t keep their hands off the thermostat. You can help to keep them cool with a desktop fan. You could even consider buying it in your coworker’s favorite color if you wanted the gift to be more thoughtful. Headphones If you know anyone who struggles to focus when they’re in the office, noise-canceling headphones could help. They’ll allow your coworker to keep their head in the game even when the workplace is bustling. Coffee Hamper There are probably a few people in your office who can’t go a day without coffee. So, they’ll surely love a coffee hamper. With a range of exciting coffee blend samples and other treats, a suitable hamper will be a hit with your coffee-loving colleagues. Portable Keyboard Many offices have shifted towards more flexible working arrangements. So, why not give a gift that will make that shift a little smoother? Portable ergonomic keyboards that fold away are easy to store, transport, and connect to any device. As such, they are ideal for colleagues who work outside the office more often than they used to. Storm Glass Desktop storm glass clouds are fascinating things. These little glass clouds contain a special liquid that reacts to changes in the atmosphere. They also brighten up any desk. So, they’re great for anyone interested in meteorology or a love of all things quirky. Wireless Phone Charger Offices always seem to be flush with tangled wires. To ensure your colleagues’ chargers don’t get lost in the chaos, gift them wireless phone charging stations. There are plenty of eye-catching ones that make great presents, including stylish wooden wireless chargers. Back Support Cushion Most workers who spend their days hunched over a laptop will deal with work-related back pain at some point. If you know of anybody already struggling, they would probably benefit from a back support cushion. While they’re maybe not the most exciting gifts, they’ll certainly appreciate the thought. Monogram Laptop Case For coworkers that lug around their laptops all day, a monogram bag for their laptop is an ideal gift idea. With a personalized case, they’ll never be in doubt about which laptop is theirs. And, they’ll look far more professional and trendy, too. Digital Photo Frame Digital photo frames are great workplace presents. Ideal for coworkers who miss their families or want to remind themselves of a recent vacation. They're easy to upload and display high-quality photos. Fidget Cube Far from being just for kids, adults can benefit from fidget cubes, too. During stressful workdays, this six-sided sensory toy gives workers an outlet for their anxious energy. So, it can improve focus. If there’s anyone in your office who struggles to keep their mind focused, it’s likely to be a well-received gift. Monogram Leather Notebook A leather notebook with monogram initials is such a thoughtful present. Classy, personal, and valuable as well, there are sure to be plenty of people in your office who would love a monogrammed notebook. Buy them in your coworkers’ favorite colors for the best-monogrammed gifts going. Updated on Sep 22, 2021, 10:59 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalk13 hr. 58 min. ago

Rescued by the Fed Again?

S&P 500 recovered only to dive again – carving out a base? The bulls are attempting to, but neither value, nor tech, nor the credit markets are convincing. The dust is settling though, and the bears are equally in need of a fresh reason to sell – the intraday tug of war is entirely reasonable […] S&P 500 recovered only to dive again – carving out a base? The bulls are attempting to, but neither value, nor tech, nor the credit markets are convincing. The dust is settling though, and the bears are equally in need of a fresh reason to sell – the intraday tug of war is entirely reasonable as Evergrande failed to spook the markets more. Just wait for what happens when the markets come face to face with another unacknowledged event of this magnitude. In our era, it‘s about the contagion effect, manic-depressive market psychology, and uncertainty of the impact. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get Our Activist Investing Case Study! Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign up below! (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q2 2021 hedge fund letters, conferences and more It‘s not only about China real estate cooling down, spilling over to Hong Kong. Wtll the House approval on the bill to suspend fresh borrowing obstacles and avoid a partial shutdown do? What would the Senate say – and then everyone as the tax tsunami keeps approaching? Global liquidity isn‘t rising after all either. Fed taper is a side show, but still one that too many are glued to. The dollar would suffer if it doesn‘t materialize later today – and it won‘t be announced, which would make precious metals rejoice. Back to stocks, these are also likely to welcome no taper. The Fed has been already tightening (which means these days it was decreasing the pace of expansion) through the back door, bringing down inflation expectations in spite of the real world input costs, shipping rates and frail supply chains challenges on top of the job market issues. Transitory inflation is still the mainstream thesis – the shift to real assets will become more accentuated once the realization of a higher and entrenched inflation arrives. And it‘s not about real estate and owners‘ equivalent rent either. Commodities did welcome yesterday‘s reprieve, and Treasury yields are unlikely to clobber them the way perceived systemic risks could (did). In a decelerating real economy faced with numerous deflationary pressures, the slow and steady rising yields phase, is deferred for now. And when these do rise again, it may or may not be about returning economic growth, but forced by the systemic realities. Remember that rates are very low by historic comparisons, and the resilence to absorb a modest rise (think 10-year more than a bit above 2%) won‘t be there without consequences. Cashing in on the S&P 500 short profits yesterday, was reasonable from the total portfolio risk point of view (did I say a fresh high was reached?). Let‘s move right into the charts (all courtesy of www.stockcharts.com). S&P 500 and Nasdaq Outlook Daily hesitation followed by more downside, but volume is decreasing – stocks look readying an upswing attempt. Credit Markets High yield corporate bonds merely kept opening gains – there is still hesitation, and the window of opportunity for the bulls is narrow. Gold, Silver and Miners Positive price action of gold, joined by silver – the waiting miners reveal that a little consolidation is likely before the Fed speaks. Crude Oil Oil stocks show that the appetite for oil might be returning, and that‘s confirmed by the volume examination. Commodities such as oil and copper stand to benefit from calming the Evergrande and central bank jitters. Copper Copper gave up opening losses only to rebound before the closing bell. Volume could have been larger, but the beaten down red metal can keep rebounding at its own pace – the smaller volume is an indication it won‘t be a one-way path. Bitcoin and Ethereum Bitcoin and Ethereum haven‘t really recovered from the selloff, and the bears are holding the upper hand now. Summary My yesterday‘s question „Is the selling over, is it not?“ has the same answer „Still inconclusive, but time for the bears is running short.“ It looks like the markets are positioning for a return to risk-on based on today‘s FOMC, which is what quite a few would like to take as an opportunity to sell into strength. The point is the Fed won‘t surprise today, and the price gyrations are likely to continue, albeit at a lesser magnitude. Thank you for having read today‘s free analysis, which is available in full at my homesite. There, you can subscribe to the free Monica‘s Insider Club, which features real-time trade calls and intraday updates for all the five publications: Stock Trading Signals, Gold Trading Signals, Oil Trading Signals, Copper Trading Signals and Bitcoin Trading Signals. Thank you, Monica Kingsley Stock Trading Signals Gold Trading Signals Oil Trading Signals Copper Trading Signals Bitcoin Trading Signals www.monicakingsley.co mk@monicakingsley.co All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice. Updated on Sep 22, 2021, 9:27 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalk16 hr. 30 min. ago

Alaska is known for its fresh, sustainably harvested seafood - now you can enjoy it wherever you are through this monthly subscription

The Wild Alaskan Company is a wild-caught, sustainable seafood delivery service founded by a member of a third-generation Alaskan fishing family. When you buy through our links, Insider may earn an affiliate commission. Learn more. Wild Alaskan Company/Instagram The Wild Alaskan Company is a wild-caught, sustainable seafood delivery service. Its mission is to make access to sustainable fish easy and convenient. It operates on a monthly membership model, in which you can get 12 pieces of fish for $132/month. Table of Contents: Masthead StickyWild Combo Box Subscription (small)Table of Contents: Masthead StickyWhile other kids grew up playing soccer or riding bikes in their backyard, Arron Kallenberg was raised on his family's commercial fishing boat in Bristol Bay, Alaska, home to the largest sockeye salmon fishery in the world. After spending 15 years working at internet startups, Kallenberg returned to these fishing roots, incorporating his knowledge of technology to create the subscription-based Wild Alaskan Company. Its mission is simple: the service delivers wild-caught seafood from Alaska and the Pacific Northwest to everywhere in the US except Hawaii.Related Article Module: Where to buy the best-tasting, highest-quality seafood online in 2021And the seafood from these regions of the country isn't just delicious, it's also more environmentally friendly than your typical supermarket fish selection. That's because Alaska mandates directly in its constitution that seafood must be maintained on the sustained yield principle, which prevents the long-term depletion of natural resources. How it works and what to expectAll year long, the company offers sockeye salmon, coho salmon, Alaskan halibut, and Pacific cod. Depending on availability, it also stocks rockfish, wild Alaska pollock, sablefish, and weathervane scallops.You can't get this seafood a la carte. Instead, items are bundled together into various plans: the Wild Salmon Box (6-ounce portions of salmon), Wild White Fish Box (6-ounce portions of white fish), and Wild Combo Box (6-ounce portions of both types). You have the choice between 12 single portions ($10.99 each) or 24 single portions ($9.99 each), to be delivered every month or two months. The 12-portion plan has an additional $9.95 shipping charge, while shipping is free for the 24-portion plan. Connie Chen/Insider The fish arrives frozen in a dry ice-packed, insulated cooler, ready to be stashed in your freezer or cooked immediately. Review of Wild Alaskan CompanyI love eating fish but don't buy it often when I go grocery shopping due to either lack of availability at my local market or confusion about the fish's background and sourcing.While I think Wild Alaskan Company could be even more transparent about its suppliers and processors, I liked at least knowing that the service sources from sustainably managed fisheries and was created by people who care about the wellbeing of natural food systems. Senior reporter and resident fisherman Owen Burke also advises using Monterey Bay Aquarium's Seafood Watch consumer guide and complete recommendation list to look up the safety and sustainability of the specific fish you receive. All in all, I felt like I could spend more time and energy simply enjoying the fish. Wild Alaskan Company sent me its Wild Combo Box to test out. The monthly assortments can vary, but at the time, my box contained sockeye salmon, coho salmon, Pacific cod, halibut, and pollock. The fish isn't "fresh" in the traditional sense - it isn't sent to you shortly after being caught. Rather, it's "fresh-frozen," (otherwise known as flash-freezing), which means it's frozen shortly after it's caught and handled. This method, used by indigenous Inuit communities, actually helps retain the taste and texture of your fish, plus it lets you enjoy all types of seasonal fish year-round. By comparison, some of the seafood you see at grocery store counters may be older than you think, and it's not unlikely that it was previously frozen. Some seafood departments, such as the one at Wegman's, even throw out their fresh fish after two days.In the end, eating fish that's frozen properly is less wasteful, and you don't have to sacrifice taste and texture. My box of fish tasted great: flavorful, tender, and flaky. Wild Alaskan Company The monthly membership design is meant to ensure you'll always have a flaky piece of salmon or halibut ready to cook for dinner. However, if at any point you want to pause, skip, or cancel your membership, you can do so in your account settings. The bottom lineAs we've already seen with the online meat boom, there's a greater urgency to think more consciously and carefully about where your food comes from and its effects on the planet.Wild Alaskan Company is the direct-to-consumer equivalent in the fish and seafood industry, so whether you already love eating seafood or wish you had more guidance picking out the right types, it's a service you should consider trying. Wild Combo Box Subscription (medium)Read the original article on Business Insider.....»»

Category: smallbizSource: nyt20 hr. 42 min. ago

When Will "Transitory Inflation" Overstay Its Welcome?

When Will "Transitory Inflation" Overstay Its Welcome? Authored by Michael Lebowitz via RealInvestmentAdvice.com, There has been much talk of “transitory inflation”, but the evidence is starting to suggest the term may overstay its welcome. The Fed chose the word “transitory” to describe this instance of rising prices because of its imprecision. Transitory can denote hours, months, or decades. Using transitory versus a specific period provides the Fed freedom to be wrong but be grammatically correct. While the Fed uses ambiguous words, Mr. Market may have more defined expectations. If investors grow impatient with the Fed’s transitory, bond markets may react. In such a case, how will the Fed respond to “enduring” or “lasting” inflation coupled with higher yields? If they are already tapering, will such conditions push them to speed up their pace? Conversely, recent data shows inflation may be stabilizing. Maybe the Fed is correct, and inflation rates will normalize in the coming months. If so, will they hold off on tapering or reduce the rate of tapering? In July, we wrote Just How Transitory is Inflation?  The article is a deep dive analysis of CPI. At the time, we sought a better understanding of what was causing inflation to rise. With two more months of inflationary data, an update is essential.   Understanding inflation beyond the headlines helps us answer the all-important question: Just how transitory is transitory? From there, we can begin to assess potential Fed and market reactions. Headline CPI Summary In the latest CPI report, covering August, the monthly CPI figure rose by 0.3% or 3.6% annualized. The year-over-year rate is +5.30%. In comparison, June’s monthly CPI rose by 0.90% or nearly 11% annualized. Despite the big difference in monthly rates, June’s year-over-year change of +5.40% is only 0.10% higher than August. As shown, the monthly CPI and core (excluding food and energy) are turning lower. While not as pronounced, the annual data is following suit. Two months does not make a trend, but it appears to be fulfilling the transitory definition. Core CPI, at +0.10% last month, is 0.10% below the average for 2017-2019. Headline CPI is only 0.10% above the average. The headline data is supportive of the transitory narrative; however, it does not tell the whole story. The Breadth of CPI Digging deeper into CPI and looking beyond the headline averages may not support the word transitory. The graph below shows the CPI Index based on the median price of the goods and services in the index. Unlike the headline CPI Index, median CPI is still rising and at the highest level since 2008. The distribution graph below compares June to August regarding how the prices of all the underlying goods and services within CPI are changing on an annual basis. We separate the data into 2% price buckets. The blue (August) and orange (June) bars comparing the two months may look somewhat similar, but there are differences worth discussing. In June, 75% of the CPI components were rising at a rate slower than the 5.4% inflation rate. In August, 71% were rising at a slower rate than the 5.3% rate of inflation. The number of goods whose prices rose between 2% and 10% increased from 66 to 77. The number of goods whose prices rose by 2% or less fell from 72 to 55. While subtle in the graph, the number of goods shifting to the right (more inflation) is noteworthy. 52 of the goods and services have price declines from June to August. Six were unchanged, and 95 had price increases. Again, more goods are rising in price than falling. The breadth of the market is not supportive of the transitory theme. A wide swath of prices are broadly rising, albeit not at an alarming pace. Outliers In the original article, four goods had year-over-year price changes of greater than 20%, as shown below. Used Cars 45.2% Gasoline 45.1% Fuel Oil 44.5% Other Motor Fuels 32.1% In the August report, six goods had greater than 20% increases. The four goods from June maintain annual 20% rates of inflation. Added to the list are propane and utility services. The inflationary outliers continue to be energy and auto-based. Both are rising in large part due to the reopening of the economy and supply disruptions. We expect both will moderate in the coming months. As this occurs, they will put less upward pressure on the CPI Index. Employee and school cafeteria food prices are down well below 20%. Over time these should moderate as schools and offices come online. Such will result in inflationary pressures.   Big Contributors In June, 92% of CPI was due to the price changes of the ten largest index weightings, as shown below. Those ten goods played slightly less of a role in August, contributing 82% to the change in the index. Below is a comparison of the same ten contributors for June versus August. The prices of Used Cars and Transportations rose at a lesser rate than June, but every other category was little changed. In the original article, we warn Shelter prices are the most considerable risk to more inflation. Driving our concern is Shelter’s 30%+ contribution to CPI and rapidly rising home and rent prices.  As we show above, higher home and rental prices are barely making their way into CPI.   What gives? In our article BLS’ Housing Inflation Measure is Hypothetical Bull****, we stated: “It appears impossible to calculate the BLS version of OER or rent.” We remain concerned that a double-digit increase in rent and home prices (OER) will push Shelter prices higher in the months ahead. However, history proves reality, and the BLS Shelter measure has a near-zero correlation. Flexible Prices As we wrote in June, CPI tends to be heavily correlated with goods and services that have flexible prices. These are goods like gasoline, whose prices tend to fluctuate both up and down. The Atlanta Fed publishes data on flexible and sticky prices, as shown below. The graph shows sharp increases in both flexible and sticky-price goods are leveling off over the last two months. Given the Atlanta Fed measure of flexible prices has a 96% correlation with CPI, we are hopeful the upsurge is halting. Expectations The graph below shows a glaring divergence between Wall Street inflation expectations and those of Mom and Pop. Five and ten-year market-implied inflation expectations have been stable since January. All the while, the University of Michigan survey of consumers sees steadily rising inflation expectations. While Wall Street buys into the transitory theme, consumers are not. This divergence matters as personal consumption drives about two-thirds of economic activity. The New York Fed, via their latest Consumer Expectations Survey, highlights why confidence is weak. Per their survey, expected inflation is now over 5% and rising. At the same time, expected wage growth is 2.5% and stable/falling. As a result, consumers expect to lose 2.64% (red line) in purchasing power over the next year. Would you be confident taking a 2.64% pay cut?   Summary We are witnessing unprecedented pressures on the supply and demand side of pricing equations. Forecasting, with such uncertainty, is challenging. As such, we maintain a humble approach to inflation forecasting. The latest round of data provides some evidence inflationary pressures are abating. However, the breadth of the data tells us there are still many goods and services still rising in price. This difference may help explain why consumer inflation expectations are higher than the market’s and confidence is falling. Just How Transitory is Transitory? We suspect the market will have its answer in the next few months. Prolonged rising or high inflation beyond December will likely get many to question if inflation is truly transitory. Until then, pay attention to headline inflation, the breadth of the data, and especially any effects from rising Shelter prices on CPI. Tyler Durden Wed, 09/22/2021 - 10:45.....»»

Category: blogSource: zerohedgeSep 22nd, 2021

8 entry-level jobs in tech that don"t require a STEM degree

Yanira Guzmán, who pivoted to tech from education, says positions in creative strategy and customer support are a good way to get started. Certain STEM related career paths, such as customer success manager, can help you enter the tech industry with little or no experience. Ngampol Thongsai/EyeEm/Getty Images Not all jobs in the tech industry require a STEM background for entry-level candidates. Tech companies also need employees for social media management and customer service positions. Depending on the role, creative and analytical skills can be just as important as technical proficiency. See more stories on Insider's business page. Tech is an ever-changing field responsible for many of the newest innovations we use every day - making it an exciting industry to work in. And even though people often assume that entering the tech industry as an entry-level candidate requires a STEM (science, technology, engineering, and mathematics) degree or strong computer coding skills, that's not the case.Although STEM degrees are highly valued for certain roles within tech, technology companies typically also have plenty of jobs that don't require a computer science major or strong technical background. For example, finance, sales, marketing, and recruitment are just some of the departments at tech companies that hire people without STEM backgrounds. In short, there's a range of entry-level roles in tech for people with all kinds of skill sets.I pivoted from the education industry into tech with a non-STEM degree myself. And as a career coach, I help my clients position themselves for their next roles - many of which are entry-level roles in tech. So I've had a chance to see which jobs are particularly promising for recent grads and other candidates with zero to three years of experience.Here are just some of the entry-level roles in tech that I've seen people enter with technical and other backgrounds.1. Customer success manager (CSM) Average salary: $69,829Customer success managers (CSMs) ensure that a service sold by a tech company (typically software as a service, or SaaS) runs smoothly throughout implementation. Working closely with sales representatives, a CSM comes into play toward the end of the sales process. Upon closing the sale, the sales representative typically makes a warm introduction between the customer and the CSM, who becomes the main point of contact between the customer and the company."A CSM is proactive," said Joshua Encarnacion, a leadership development expert and former talent leader for three tech-industry startups. "They influence the behavior of the customer. They make sure the onboarding happens by nurturing them, ensuring the customer is satisfied," and ultimately prevent any problems from developing.A CSM must have strong communication and presentation skills since they spend much of their time engaging with customers and communicating customer feedback to their company's product team. These are common transferable skills you likely learned during college courses or in an internship or part-time job. In addition, CSMs utilize project management skills throughout the length of a client's contract. A CSM role can lead into other roles in customer care such as customer service team lead, or, ultimately, vice president of customer experience. Or you might decide to pursue other roles in tech such as product manager or marketing strategist.2. Help desk support technicianAverage salary: $41,686Help desk support technicians and membership experience support associates work with customers to troubleshoot and/or resolve issues with their company's technologies. Unlike the CSM role, these roles are reactive - they respond when a customer reaches out with a specific problem. Individuals in these roles must be familiar with hardware, software, and network configuration. They must also be able to document the steps they took throughout the resolution process.In addition to the aforementioned technical skills, people in these jobs need to possess interpersonal skills that allow them to pick up on customers' emotions (albeit virtually or over the phone), respond to their problems quickly with a calm demeanor, and, if needed, de-escalate tense situations. Member experience associate or help desk support roles may feed into information technology (IT) roles such as systems administrator, network administrator, or head of IT, or into customer experience roles like customer service manager or account manager.3. Technical consultantAverage salary: $76,522Consultants advise others on their areas of expertise. Although most consultant jobs are not entry-level roles, many tech companies offer 24-month consultant rotational training programs for recent university graduates. Engineering or computer science graduates tend to serve as technical consultants (a.k.a., customer engineers) directly working with customers as technical advisors or subject matter experts (SMEs) in a specific technology, said Jose Luis Niño de Guzman, a university recruiter for a Seattle-based tech company.Technical consultants must demonstrate "adaptability, collaboration, [and] the ability to overcome obstacles," Niño de Guzman said. They can choose to continue their career path as consultants or they'll be well set up to move into other fields such as sales or product development.4. Social media strategistAverage salary: $53,534Social media strategists conceptualize, organize, and manage the social media presence of a company. Within the last decade, social media platforms (e.g., Twitter, Facebook, Snapchat, Instagram, TikTok, LinkedIn, and Pinterest) have grown tremendously. Each platform has its own purpose, feel, rules of engagement, and target audience, and most tech companies want to have a social presence across many or all of them. Therefore, social media strategists must not only know how each platform and its algorithms work and how to read its analytics, but also understand how to create content that is meaningful for its respective user base.Social media strategists need to be creative. Depending on the specific role, they may also need analytical skills, writing skills, and possibly even design skills. They must also stay up-to-date on social media trends and figure out ways to increase engagement. Those who've held entry-level social media roles can grow into social media managers, more generalized marketing managers, digital marketing leads, or digital marketing directors, or pursue a number of other careers in marketing.5. Web developerAverage salary: $60,287Web developers code, build, and update websites for companies. They fall into three categories: front end, back end, or full stack. A front-end developer works on the interface of a website - i.e., what the user sees. A back-end developer works on the programming a user can't see that makes a website function - i.e., what's "under the hood." And a full-stack developer works on both the front end and the back end of a website. Regardless of which role you choose, as a web developer you should know how to code and be knowledgeable in HTML, Java, C++, or other web development coding languages.To come in as an entry-level web developer, you should have a portfolio of websites that you've created or worked on. You should be able not only to show what you've already accomplished, but also to explain why you chose specific techniques and how you decided on a course of action based on the goals you wanted to achieve with the site. Web developer jobs can eventually lead to senior developer, technology director, or chief technology officer roles.6. Talent acquisition coordinatorAverage salary: $49,369Talent acquisition coordinators assist recruiters in finding promising prospects (a.k.a., candidates) for open roles within their company and ensuring they have a great experience throughout the recruiting process. They're responsible for scheduling interviews and following up with prospective candidates, for example. Tech companies need talent acquisition coordinators because they, like all companies, want to find the best possible candidates for every job.Talent acquisition coordinators must demonstrate strong communication and organizational skills along with the ability to work with hiring managers and others across multiple departments so they can understand how to best fill a variety of roles. Familiarity with sourcing programs (e.g., LinkedIn, ZipRecruiter, Indeed) is a plus, but they can often be learned on the job.The key differentiator that sets a strong talent acquisition coordinator apart is the ability to put themselves in a prospect's shoes. For instance, a talent acquisition coordinator should be able to tell a recruiter, "Hey, this candidate hasn't heard from us in three days and they're waiting for a response. Can I go ahead and send them this email?" Companies don't want to lose strong prospects because they feel like they've been "ghosted" -i.e., the company took too long to respond or didn't reach back out at all.As a result of the robust project management, project tracking, coordinating, and customer-facing skills talent acquisition coordinators develop, they have several options in furthering their career. They may continue within talent and recruitment, move toward other human resources or learning and development roles, or pivot to another role in tech.7. Software developerAverage salary: $72,619Software developers (sometimes called software engineers) write computer code to build new programs or features or solve problems with existing software. They generally fall into the same three categories as web developers (front end, back end, and full stack).Software developers must have a background in computer science or coding. Knowing the coding language or languages used in the role they're seeking - such as Python, Java, JavaScript, CSS, or SQL - is a plus (though if you're proficient in one language, it's usually easy to pick up another). When building teams, Encarnacion looks for software developers who can solve problems in a mathematical way and are able to explain their thought process and reasoning."Nobody writes a product on their own; it's done in a team," Encarnacion said. So a software developer needs to be able to effectively collaborate and communicate the "why" of their coding actions to their team members.As their careers progress, software developers can choose the management track and become product or engineering managers, product or engineering directors, and VPs of product or engineering. Or they can choose the technical track and move into positions like architect or technical fellow where they're thinking more broadly about how products are built and which technologies are best to use.8. UX designerAverage salary: $74,776A UX (user experience) designer figures out the visual component of a piece of technology - i.e., they design what the user will see and interact with. UX designers collaborate with both customers and their own colleagues to ensure that any products or services their company develops work well and are user friendly.In addition to using their creativity and design skills to imagine the look and feel of a product or feature, UX designers facilitate user groups and document their thoughts, feelings, words, and behaviors in relation to a specific problem that the tech company is trying to solve. Their main function is to constantly update and refine user interfaces to improve the customer's experience by really understanding human behavior. Throughout the entire development process, UX designers ask themselves:How do humans interact with technology?Why does this person use this app more than another app?How does the design influence the user's behavior and engagement with the app?Since the essential job responsibilities of UX designers are heavily centered on human behavior, this an appealing entry-level role in tech for those with non-STEM degrees, including graphic design or psychology grads (who also have design skills). UX designers may advance into roles such as senior UX designer, director of product development, or creative director.As you can see, there's a range of different roles in the technology industry. Some roles rely first and foremost on coding and other technical skills, some blend both technical and non-technical skills, and other roles don't require a heavy tech skill set at all. A number of different departments are needed to make a tech company run smoothly and create the world's next great technologies. So whether or not you have a background in STEM, there's an entry-level role that might be perfect for you.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 22nd, 2021

I used TikTok to take my cotton-candy business online. I"ve made $165,000 in sales since March - here"s how.

After in-person events shut down during the pandemic, Emily Harpel launched a website to sell her hand-spun cotton candy online. Emily Harpel founded her business, Art of Sucre, in 2016 after being inspired by Pinterest. Emily Harpel/Anita Louise Photography Emily Harpel, 29, is a cotton candy maker based in Ohio and owner of Art of Sucre. After gaining over a million followers on her business' TikTok, she launched an ecommerce shop and has made over 6 figures since March. This is what her job is like, as told to freelance writer Judy Brumley. See more stories on Insider's business page. This as-told-to essay is based on a transcribed conversation with Emily Harpel, a cotton candy maker and small business owner based in Ohio. It has been edited for length and clarity.When I was planning my wedding, I saw cotton candy being used as favors on Pinterest. I thought it was a cute idea, but was disappointed in the options: pink or blue with no distinguishable flavor. Every other dessert, like cake pops and sugar cookies, had been given an Instagrammable upgrade, and I just couldn't let cotton candy be left out. I was planning to get my masters in clinical and mental health counseling, but since the program I applied to was full, my enrollment got deferred for a year. After my husband and I got married in March of 2016, I decided to withdraw my application and launched an LLC for Art of Sucre by May.We chose the name during the 20-hour car ride home from our honeymoon. After a lot of Googling we landed on "sucre," which means sugar in French.I had zero experience and no equipment, so I bought a machine and taught myself by watching YouTube videos. Harpel says she taught herself to spin cotton candy by watching videos online. Emily Harpel/Anita Louise Photography Cotton candy is just flavored sugar. You pour the base into the hot center of a cotton candy machine where it melts into a liquid and spins. The spinning creates a centrifugal force, which pushes the sugar to the top. The sugar goes from a solid to a liquid then back to a solid, and you catch it on a cone during that in-between phase when it's nice and fluffy. Once I had the technique down, I started to create my own fun flavors.For the first four years, I spun cotton candy at all kinds of events and celebrations. I went to birthday parties and weddings, helped celebrate bat mitzvahs, and worked with professional sports teams, like the Cleveland Browns and Cavaliers. I even spun cotton candy for VIP ticket holders at Elton John, Ariana Grande, and Travis Scott concerts. When the pandemic hit in March 2020, I knew I needed to figure out how to make my business more COVID-friendly. I spent a lot of time consuming TikTok videos during quarantine and had nothing but time on my hands, so I created an account for Art of Sucre and started posting in July 2020. We hit one million followers in October, and that's when I decided to transition from events to e-commerce. Our biggest challenge with e-commerce was shipping and packaging logistics, because cotton candy is delicate. Art of Sucre's original flavors include champagne, orange bourbon, and piña colada. Emily Harpel/Anita Louise Photography We shipped prototypes to Australia, Canada, and Arizona to make sure they could survive any trip. The online shop finally launched on March 15, 2021 with six original flavors (sugar cookie, bubble gum, piña colada, orange bourbon, champagne, and watermelon) and our best-selling shimmer glitter bombs. Our pre-spun pouches start at $12 each and the shimmer glitter bombs (puffs of cotton candy wrapped around glitter that floats when dropped into a liquid) sell for $22. Since March, we've sold over $165,000 worth of cotton candy. That number doesn't include sales from custom orders, which is my favorite thing we offer at Art of Sucre. A father once asked if I could top mannequin heads with cotton candy hair for his daughter's bat mitzvah. After I spent three hours spinning the hair, the mannequin heads - which had sunglasses on - were walked out on silver platters and devoured in seconds. We've also created custom shimmer glitter bombs using edible black glitter and silver stars for a galaxy-themed wedding, and pouches of pre-spun cotton candy that were half black and half white for a Cruella de Vil party. The possibilities are endless, and we'll try anything the customer can imagine.I used to have one person who would help with events - now I have a team of 15, including one full-time employee. Harpel has a team of 15 to help produce and package cotton candy for the ecommerce site. Emily Harpel/Anita Louise Photography We keep our six core cotton candy flavors in stock and drop limited-edition releases throughout the year. We're also working on some fun holiday treats and getting ready for the New York City Wine and Food Festival in October. I still pop into the studio to spin cotton candy, but now most of my days are spent doing admin work. My full-time employee and I have a morning meeting around 10 a.m. before I take calls with suppliers, potential collaborators, and our design team. I create content for our TikTok, Instagram, and website in the afternoon and, after everyone else heads home, I test and develop new flavors. Sometimes I feel guilty to have found such great success during a time that's been so challenging for so many people, but as a small business owner and employer, I'm thankful for the growth we've experienced this year. It's really special to see how something as simple as cotton candy can bring so much joy to people's lives. Judy Brumley is a freelance writer from Kentucky. She has written editorial and branded content stories across all verticals for brands like InStyle, Parents, PEOPLE, and Romper.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 22nd, 2021

Gaotu Techedu Announces Second Quarter of 2021 Unaudited Financial Results and Change to Board Composition

BEIJING, Sept. 22, 2021 /PRNewswire/ -- Gaotu Techedu Inc. (NYSE:GOTU) ("Gaotu" or the "Company"), a leading online large-class tutoring service provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2021. Second Quarter 2021 Highlights[1] Net revenues was RMB2,232.3 million, a 35.3% year-over-year increase. Net revenues of online K-12 courses increased 51.0% year-over-year to RMB2,091.4 million. Gross billings[2] was RMB2,694.7 million, a 12.2% year-over-year increase. Gross billings of online K-12 courses increased 17.2% year-over-year to RMB2,574.5 million. Paid course enrollments[3] increased 4.1% year-over-year to 1,631 thousand. Paid course enrollments of online K-12 increased 4.5% year-over-year to 1,563 thousand. Net loss was RMB918.8 million, compared with net income of RMB18.6 million in the same period of 2020. Non-GAAP net loss was RMB763.9 million, compared with non-GAAP net income of RMB72.7 million in the same period of 2020. Deferred revenue was RMB1,976.4 million, compared with RMB2,733.7 million as of December 31, 2020. Second Quarter 2021 Key Financial and Operating Data (In thousands of RMB, except for paid course enrollments and percentages) Three Months Ended June 30, 2020 2021 Pct. Change Net revenues 1,650,314 2,232,254 35.3% K-12 courses 1,384,968 2,091,355 51.0% Foreign language, professional, admission and     other services 265,346 140,899 (46.9%) Gross billings 2,400,996 2,694,732 12.2% K-12 courses 2,196,077 2,574,536 17.2% Foreign language, professional, admission and     other services 204,919 120,196 (41.3%) Paid course enrollments (In thousands) 1,567 1,631 4.1% K-12 courses 1,496 1,563 4.5% Foreign language, professional, admission and     other services 71 68 (4.2)% Net income (loss) 18,627 (918,791) NM Non-GAAP net income (loss) 72,712 (763,890) NM   [1] For a reconciliation of non-GAAP numbers, please see the table captioned "Reconciliations of non-GAAP measures to the most comparable GAAP measures" at the end of this press release. Non-GAAP income (loss) from operations, non-GAAP net income (loss) exclude share-based compensation expenses. [2] Gross billings is a non-GAAP financial measure, which is defined as the total amount of cash received for the sale of course offerings in such period, net of the total amount of refunds in such period. See "About Non-GAAP Financial Measures" and "Reconciliations of non-GAAP measures to the most comparable GAAP measures" elsewhere in this press release. [3] Paid course enrollments for a certain period refer to the cumulative number of paid courses enrolled in and paid for by our students, including multiple paid courses enrolled in and paid for by the same student. Paid courses refer to our courses that are charged not less than RMB99.0 per course in fees. Six Months Ended June 30, 2021 Highlights Net revenues was RMB4,172.6 million, a 41.5% year-over-year increase. Net revenues of online K-12 courses increased 56.0% year-over-year to RMB3,907.6 million. Gross billings was RMB3,876.1 million, a 2.7% year-over-year increase. Gross billings of online K-12 courses increased 8.8% year-over-year to RMB3,577.1 million. Paid course enrollments increased 2.4% year-over-year to 2,398 thousand. Paid course enrollments of online K-12 increased 2.4% year-over-year to 2,195 thousand. Net loss was RMB2,344.7 million, compared with net income of RMB166.6 million in the same period of 2020. Non-GAAP net loss was RMB2,093.3 million, compared with non-GAAP net income of RMB263.5 million in the same period of 2020. First Six Months of 2021 Key Financial and Operating Data (In thousands of RMB, except for paid course enrollments and percentages) Six Months Ended June 30, 2020 2021 Pct. Change Net revenues 2,947,894 4,172,597 41.5% K-12 courses 2,505,057 3,907,626 56.0% Foreign language, professional, admission and     other services 442,837 264,971 (40.2)% Gross billings 3,775,395 3,876,074 2.7% K-12 courses 3,286,669 3,577,148 8.8% Foreign language, professional, admission and     other services 488,726 298,926 (38.8)% Paid course enrollments (In thousands) 2,341 2,398 2.4% K-12 courses 2,143 2,195 2.4% Foreign language, professional, admission and     other services 198 203 2.5% Net income (loss) 166,615 (2,344,710) NM Non-GAAP net income (loss) 263,453 (2,093,310) NM Larry Xiangdong Chen, the Company's founder, Chairman and CEO, commented, "In the second quarter of 2021, our revenue has reached a record high to 2.232 billion RMB. In order to support the equality of education, ever since May, we have successively collaborated with multiple non-profit organizations such as the China Charity's Aid Foundation for Children, the China Youth Development Foundation, the China Next Generation Education Foundation, and the Henan Normal University through cash donation or free course offerings, to aid the revitalization of rural area education and achieve the goal of equal access of education for everyone. At the same time, we have recently and rapidly adjusted the organizational structure of the group, to focus on professional education and STEAM education, and further exploring possibilities on digital products and vocational education. We say that 2014 is Gaotu's first attempt as a startup , and 2016 is our second start, then we can also say that 2021 is our third start. We should always keep the goal of education in mind, always firmly believe that education is a noble profession. It's undeniable that we have boundless faith in the bright future of the Chinese education industry." "Additionally, we are pleased to welcome Ms. Jin Cui to join our Board as the AC Chairwoman. We look forward to drawing upon Ms. Cui's extensive experience as our business continues to grow. We thank Mr. Xin Fan for his dedication for his tenure as Board Director for the past two years. Despite of the change in board, our business strategy remains unchanged." Shannon Shen, CFO of the Company, added, "In the second quarter, we have upgraded our organizational structure. We will continue to develop in the area of professional education, STEAM education, vocational education and product digitalization. In exploring professional education, the public office exam sector has maintained its relatively high level; paid users in the financial certificate sector have increased 4 times year over year. Professional education is rapidly changing and upgrading. In the future, we will focus on those areas that are strongly supported by the government, creating a multi-facet, interactive platform that encompassing all educational categories for life-long learning." Financial Results for the Second Quarter of 2021 Net Revenues Net revenues reached RMB2,232.3 million, a 35.3% increase from RMB1,650.3 million in the second quarter of 2020. The increase was mainly driven by the growth in paid course enrollments for K-12 courses during the period from the fourth quarter of 2020 to the second quarter of 2021, which was contributed by both first-time paid course enrollments and retention of existing students. The net revenues in the second quarter of 2021 was partially attributable to the paid course enrollments of the fourth quarter of 2020. Cost of Revenues Cost of revenues rose by 100.8% to RMB724.3 million from RMB360.7 million in the second quarter of 2020, mainly due to the increased recruitment of instructors and tutors, the increase in compensation for attracting and retaining high quality teaching staff, as well as the increase in learning material cost and rental expenses. Gross Profit and Gross Margin Gross profit increased 16.9% to RMB1,508.0 million from RMB1,289.7 million in the second quarter of 2020. Gross profit margin decreased to 67.6% from 78.1% in the same period of 2020. The decrease was primarily due to the increase in compensation for instructors and tutors, simultaneously resulting from the increased number of them and more competitive salaries provided, to attract excellent talents to improve teaching quality and students' learning experience. Non-GAAP gross profit increased by 18.2% to RMB1,543.5 million from RMB1,305.4 million in the same period of 2020. Non-GAAP gross profit margin decreased to 69.1% from 79.1% in the same period of 2020. Operating Expenses Operating expenses were RMB2,362.7 million, which increased from RMB1,450.4 million in the second quarter of 2020. Selling expenses increased to RMB1,641.1 million from RMB1,204.8 million in the second quarter of 2020. The increase was primarily a result of higher marketing expenses to expand user base and enhance our brands, and an increase in compensation to sales and marketing staff. Research and development expenses increased by 204.9% to RMB426.5 million, from RMB139.9 million in the second quarter of 2020. The increase was primarily due to an increase in the number of education content development professionals and technology development personnel, as well as an increase in compensation for such staff. General and administrative expenses increased to RMB242.0 million from RMB105.7 million in the second quarter of 2020. The increase in general and administrative expenses was mainly due to an increase in the number of general and administrative personnel, an increase in compensation paid to such staff. Impairment loss on intangible assets and goodwill was RMB53.1 million for the second quarter of 2021, compared to nil for the same period of 2020. The impairment loss was mainly due to the decline of fair value related to the intangible assets and goodwill in connection with the acquisition of Tianjin Puxin Online School Education Technology Co., Ltd. that was completed in December 2020. Considering recent regulatory policies concerning after-school tutoring services, the acquisition will not likely to achieve the target goals the management had estimated at the time of acquisition. Loss from Operations Loss from operations was RMB854.7 million, compared with the loss from operations of RMB160.8 million in the second quarter of 2020. The decrease was primarily due to higher spending in sales and marketing activities to extend volume growth and strengthen brand perception and an increase in the number of personnel, as well as an increase in compensation for our staff. Non-GAAP loss from operations was RMB699.8 million, compared with non-GAAP loss from operations of RMB106.7 million in the second quarter of 2020. Interest Income and Realized Gains from Investment Interest income and realized gains from investments, on aggregate, was RMB23.5 million, compared with RMB24.2 million in the second quarter of 2020. Interest income and realized gains from investments was primarily the interest income of cash, cash equivalents and short-term wealth management investments, as well as the realization of gains generated from short-term and long-term wealth management investments. Other Income (Expense) Other expense was RMB36.5 million, compared with other income of RMB87.7 million in the second quarter of 2020. Other expense in the second quarter of 2021 primarily consisted of related cost of the value-added tax exemption offered by the government during the COVID-19 outbreak, which amounted to RMB56.7 million, net of other income of RMB20.2 million. Net Income (Loss) Net loss was RMB918.8 million, compared with net income of RMB18.6 million in the second quarter of 2020. Non-GAAP net loss was RMB763.9 million, compared with non-GAAP net income of RMB72.7 million in the second quarter of 2020. Cash Flow Net operating cash outflow for the second quarter of 2021 was RMB318.6 million. The outflow of net operating cash this quarter was primarily due to higher marketing expenses paid to improve our market share and brand awareness, and an increase in compensation. Cash used in capital expenditures was RMB107.0 million. Basic and Diluted Net Loss per ADS Basic and diluted net loss per ADS were RMB3.59, in the second quarter of 2021. Non-GAAP basic and diluted net loss per ADS, were RMB2.99, in the second quarter of 2021. Share Outstanding As of June 30, 2021, the Company had 170,935,557 ordinary shares outstanding. Cash and Cash Equivalents, Restricted Cash, Short-term Investments and Long-term Investments As of June 30, 2021, the Company had cash and cash equivalents, restricted cash, short-term investments and long-term investments of RMB5,486.9 million in the aggregate, compared with a total of RMB8,217.2 million of cash and cash equivalents, short-term investments and long-term investments as of December 31, 2020. Deferred Revenue As of June 30, 2021, the Company's deferred revenue balance was RMB1,976.4 million, compared with RMB2,733.7 million as of December 31, 2020. Deferred revenue primarily consisted of tuition collected in advance. Other Payables As of June 30, 2021, other payables in non-current liabilities totaled RMB26.6 million, all of which were payables related to the purchase of the Zhengzhou properties. Update on PRC Regulatory Policy As previously disclosed, Gaotu's business, financial condition and corporate structure are expected to be materially affected in future periods by the changing regulatory environment primarily in China's after school tutoring industry, although the magnitude of the impact remains uncertain at this time. Business Outlook Due to the uncertainty related to the recent regulatory and operating environment, the Company has decided not to issue guidance in the near term in order to give the management more flexibility to focus on the Company's operations. Board Change Mr. Xin Fan has resigned from the board of directors of the Company, for personal reasons, effective on September 22, 2021. The Company has appointed Ms. Jin Cui as an independent director of the Company, effective on the same day. Ms. Cui will also become the chairwoman of the audit committee of the board of directors, as well as a member of the compensation committee and the nominating and corporate governance committee. Conference Call The Company will hold an earnings conference call on Wednesday, September 22, 2021, at 8:00 AM U.S. Eastern Time (8:00 PM on the same day, Beijing/Hong Kong Time). Dial-in details for the earnings conference call are as follows: International: 1-412-317-6061 US: 1-888-317-6003 Hong Kong:.....»»

Category: earningsSource: benzingaSep 22nd, 2021

Turtle Beach (HEAR) Unit Spurs Gaming With NVIDIA Reflex Integration

Turtle Beach's (HEAR) brand, ROCCAT, boosts the professional gaming experience with the integration of NVIDIA Reflex technology in Kone Pro, Kone Pro Air, and Burst Pro PC gaming mice. Turtle Beach Corporation’s HEAR PC accessories brand, ROCCAT, recently announced that its Kone Pro, Kone Pro Air, and Burst Pro devices are compatible with NVIDIA Corporation's NVDA Reflex Latency Analyzer platform. Kone Pro, Kone Pro Air, and Burst Pro are professional-grade PC gaming mice.With the onset of the COVID-19 pandemic, social distancing has reduced consumer and business activity significantly. As a result, gaming offered an engaging distraction for people staying at home while boosting user engagement. Against this backdrop, the latest move will enhance the overall experience for esports players by enabling them to accurately optimize system latency on the back of NVIDIA Reflex technology.NVIDIA Reflex includes a swath of innovative technologies that dynamically decreases system latency by combining both GPU and game optimizations. The new-age gaming platform is equipped with the raw horsepower of GeForce RTX 30 Series GPUs that drives responsiveness with improved aiming precision for competitive gaming. It can be incorporated in mice, games, and monitors to ensure the best quality and compatibility.In addition, the NVIDIA G-SYNC displays in Reflex detect clicks from gaming mice and deliver a precise measure of PC performance at the lowest possible latency. To add to that, ROCCAT’s Titan Optical Switches in Pro mice further takes the gaming experience a notch higher. Together with NVIDIA’s Reflex technology, users can efficiently optimize their system settings and eliminate buffer latencies for the ultimate gaming experience.Turtle Beach acquired ROCCAT, a German PC peripherals maker, in 2019. ROCCAT’s expertise aided Turtle Beach’s expansion into the $1.6-billion personal computer gaming headset market as well as the $1.3-billion PC gaming keyboard and mouse market. ROCCAT’s enhanced distribution channels across North America, Europe, and Asia enabled Turtle Beach to offer its lineup of products to more customers globally.Turtle Beach is well-positioned to benefit from a robust product performance combined with market share gains, innovation, quality products, and retail partnerships. The San Diego, CA-based audio technology company has several growth drivers in place and enjoys a solid foothold in its served markets. Also, its ability to significantly increase its production and delivery capacity is remarkable.The Zacks Rank #3 (Hold) stock has gained 68% compared with the industry’s growth of 31.5% in the past year.Image Source: Zacks Investment ResearchA couple of better-ranked stocks in the industry are Ooma, Inc. OOMA and Knowles Corporation KN, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Ooma delivered a trailing four-quarter earnings surprise of 55.2%, on average.Knowles delivered a trailing four-quarter earnings surprise of 10.8%, on average. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NVIDIA Corporation (NVDA): Free Stock Analysis Report Knowles Corporation (KN): Free Stock Analysis Report Turtle Beach Corporation (HEAR): Free Stock Analysis Report Ooma, Inc. (OOMA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

The U.S. Is Losing the Global Race to Decide the Future of Money—and It Could Doom the Almighty Dollar

"I don’t think the U.S. is aware there is a race" In cities across China, the country’s central bank has begun rolling out the e-renminbi—an all-digital version of its paper currency that can be accessed and accepted by merchants and consumers without an internet connection, credit or even a bank account. Already having conducted more than $5 billion in e-renminbi transactions, China has opened its digital currency up to foreigners. Next year, when Beijing hosts the Winter Olympic Games, authorities are expecting to let the world test drive its technological achievement. The U.S., by contrast, is having trouble even concluding its multi-year exploration into the possibility of an e-dollar. In fact, an upcoming Federal Reserve paper on a potential U.S. digital currency won’t take a position on whether the central bank of the United States will, or even should, create one. [time-brightcove not-tgx=”true”] Instead, Federal Reserve Chair Jerome Powell said in recent testimony to Congress, this paper will “begin a major public consultation on central bank digital currencies…” (Once planned for July, the paper’s release has since been moved to September.) Once the world leader in digital payments and technological innovation, the U.S. is being outpaced by its top global adversary as well as much of the industrialized and the developing world. The Bahamas recently announced the integration of its digital Sand Dollar into a stock exchange, while Australia, Malaysia, Singapore and South Africa are moving forward with the world’s first cross-border central bank digital currency exchange program led by the Bank for International Settlements (BIS), which is known as the central bank of central banks. Such developments have been somewhat outshined by El Salvador’s recent decision to make bitcoin a legally accepted currency, which few expect to make significant impact in the payment space. But outside of the cryptocurrency space, nations around the globe are making significant strides in the development of the digital future of money — supported by governments and backed by powerful central banks. Leadership in this space will have implications for more than just payments: geopolitical ambitions, economic growth, financial inclusion and the very nature of money could all be dictated by who leads the charge and how. “I don’t think the U.S. is aware there is a race” Digital currencies are the next wave in the “evolution of the nature of money in the digital economy,” Hyun Song Shin, economic adviser and co-leader of the Monetary and Economic Department at the Bank for International Settlements, tells TIME. As more of our world migrates from physical brick-and-mortar to wireless and cloud-based, the way we pay for things is changing as well. A central bank digital currency would operate just like cash, but instead of having to carry it in a physical wallet or put it into a bank account, it would be stored and accessed digitally. Not only could U.S.-backed digital currency facilitate easier, modern banking, it could prove vital in protecting American international influence. Late to the party, the U.S. is “stepping up its research and public engagement” on digital currencies, the Federal Reserve says, including forming working groups on cryptocurrency and other kinds of digital money, and experimenting with technology that would be central to producing a digital dollar. The Fed’s regional Boston branch is overseeing these efforts with the Massachusetts Institute of Technology on what’s known as Project Hamilton. But the path towards a digital U.S. dollar has met many challenges, skeptics and outright opponents. All while China, and other countries, push forward. Lagging behind the world Just how far behind is the U.S. in the development of a central bank-issued digital currency (CBDC)? According to global accounting firm PwC’s inaugural CBDC global index, which tracks various CBDCs’ project status from research to development and production, the U.S. ranks 18th in the world. America’s potential efforts trail countries like Sweden, South Korea and China but also countries like the Bahamas, Ecuador, Eastern Caribbean and Turkey. China, with its government’s hyperfocus on maintaining control and overseeing data, has been working to develop a CBDC for almost a decade. And the U.S. is probably not close to catching up. Analysts like Harvard economics professor Kenneth Rogoff, who study monetary policy and digital currencies, estimate that the U.S. could be at least a decade away from issuing a digital dollar backed by the Fed. In that time, Rogoff argued in an op-ed earlier this year, the modernization of China’s financial markets and reduction or removal of its currency controls “could deal the dollar’s status a painful blow.” Read More: How China’s Digital Currency Could Challenge the Almighty Dollar China has already largely moved away from coin and paper currency; Chinese consumers have racked up more than $41 trillion in mobile transactions, according to a recent research paper from the Brookings Institution, with the lion’s share (92%) going through digital payment processors WeChat Pay and Alipay. “The reason you could say the U.S. is behind in the digital currency race is I don’t think the U.S. is aware there is a race,” Yaya Fanusie, an Adjunct Senior Fellow at the Center for a New American Security, and a former CIA analyst, tells TIME in an interview. “A lot of policymakers are looking at it and concerned…but even with that I just don’t think there’s this sense of urgency because the risk from China is not an immediate threat.” Not only is the U.S. running significantly behind in the development of a CBDC, we are trailing the rest of the world in digital payments broadly. Kenya, for example, has almost fully digitized its economy through its digital currency and payment system MPESA, making transactions free and almost instantaneous. India’s Unified Payments Interface (UPI) allows users to transfer money instantly between bank accounts with no cost. Brazil’s PIX facilitates the transfer of money between people and companies in up to 10 seconds. All of these programs work through and are overseen by the countries’ central banks rather than commercial banks or other private companies. What’s holding the U.S. back? Critics argue CBDCs are simply a solution in search of a problem and potentially harmful. Many see support from the banking sector as vital to the success of a digital U.S. dollar, however commercial banks in the U.S. have taken a largely adversarial stance. “The proposed benefits of CBDCs to international competitiveness and financial inclusion are theoretical, difficult to measure and may be elusive,” the American Bankers Association said in a statement at a recent congressional hearing on digital currencies. “While the negative consequences for monetary policy, financial stability, financial intermediation, the payments system, and the customers and communities that banks serve could be severe.” The Bank Policy Institute, which lobbies on behalf of the country’s largest banks, went so far as to argue that neither the Fed nor the U.S. Treasury even has the constitutional authority to issue a digital currency. Commercial banks dominate the U.S. financial system to such a degree that unraveling them would be ostensibly impossible, experts say, they also would be a powerful adversary. Former Goldman Sachs managing director Nomi Prins notes banks have clearly seen the writing on the wall. “Banks are centralized middlemen with respect to financial transactions,” Prins, author of Collusion: How Central Bankers Rigged The World, tells TIME. “The more popular cryptocurrency or digital currency becomes, the fewer profits the banking system can reap from traditional services and verification methods that allow them to hold, take or use their customers’ money, and the more financial power they stand to lose as a result.” Even disruptive financial technologies like PayPal, Venmo and Zelle work through the banking system, rather than around it, thanks in large part to the banks’ power. Central bankers also generally have concluded that commercial banks are a necessary piece of a potential CBDC ecosystem, thanks to their pre-existing regulatory guardrails and ability to move money. Read More: How Jay Powell’s Coronavirus Response Is Changing the Fed Forever Top policymakers at the Fed, including influential Vice Chair for Supervision Randal Quarles, have joined the banking industry in arguing that a digital dollar “could pose significant and concrete risks” and that the potential benefits “are unclear.” Fed Governor Christopher Waller said in August he was “skeptical that a Federal Reserve CBDC would solve any major problem confronting the U.S. payment system,” in a recent speech he titled “CBDC: A Solution in Search of a Problem?” Further, there’s no central U.S. authority with direct oversight or responsibility for any of this. In addition to the Fed, the Office of the Comptroller of the Currency, the Securities and Exchange Commission, the Federal Trade Commission, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, Office of Thrift Supervision, Financial Stability Oversight Council, Federal Financial Institutions Examination Council and the Office of Financial Research would all have some stake in the development of a digital currency backed by the central bank, to say nothing of state and regional authorities. “The U.S. has an active congressional debate, which is beneficial and very important,” Federal Reserve Governor Lael Brainard tells TIME in an interview. “But the U.S. also has a diffusion of regulatory responsibility with no single payments regulator at the federal level, which is not as helpful. That diffusion of responsibility is part of what creates the lags that our system is working through.” None of this exists in China where the Chinese Communist Party oversees the central bank, commercial banks and their regulators and is unconcerned with privacy. How a downgraded dollar could hamstring U.S. influence An American CBDC could have lasting geopolitical impact and curb a longstanding international effort to reduce reliance on the mighty U.S. dollar. “Why we should care about this is that the U.S. financial system is not intrinsically dominant,” Fanusie says. “Other countries, both allies and adversaries, are sincerely interested in finding ways to decrease their dependence on the dollar.” With the U.S. dollar as the world’s reserve and primary funding currency, the U.S. can restrict access to funding from financial markets, limit countries’ ability to sell their natural resources and hinder or block individuals’ access to the banking sector. “Other countries, both allies and adversaries, are sincerely interested in finding ways to decrease their dependence on the dollar” While dollar dominance has rankled much of the world for decades, there has been no suitable replacement for the U.S., with its massive economy, sophisticated banking system and sprawling international presence. China is in the midst of a long-term push to simultaneously grow its financial markets and internationalize its currency. Both have the end goal of allowing China and its allies to limit the ability of the U.S. to enforce its will through economic actions like sanctions. Fanusie wrote in a January report that being the first major economy to roll out a digital currency is “part of China’s geopolitical ambitions.” However, the renminbi will not become the world’s reserve currency — at least, not any time soon. But what China has done by being in the forefront of CBDC development is put itself in position to take the lead on development and implementation of rules and regulations for digital currencies on a global scale. “While America led the global revolution in payments half a century ago with magnetic striped credit and debit cards, China is leading the new revolution in digital payments,” writes Brookings’ economic studies fellow Aaron Klein. Why should central banks offer digital currencies? Over the past decade, digital currencies, including cryptocurrency and “stablecoins,” have sprung up like weeds. Some purport to be just as safe as dollars, but are backed by questionable assets. In a crisis regulators worry they could fluctuate wildly in value or lose their value altogether. Having central banks, which are responsible for the printing and circulation of coins and paper money, issue digital currencies is in part a reaction to this private sector activity, Shin says, “accelerated by the potential encroachment of private digital currencies, and the need to preserve the role of money as a public good.” “The status quo is not an option” Notably, a U.S. digital currency could provide benefits to everyday people. It could increase financial inclusion and fix flaws in current payments systems, Shin adds, citing findings of a recent BIS study. For example, transferring money between U.S.-based bank accounts, even those held by the same person, can take days. The process can be even longer when crossing international borders. Credit and debit card transactions similarly don’t settle for days and come with significant fees for merchants, who sometimes pass them on to customers. CBDCs could grant universal access to the banking sector and quickly facilitate the distribution of paychecks and government funds, reducing the need for costly bank workarounds like check cashing and payday loans. Championing CBDCs Brainard has been pushing the Fed to move on a digital currency for years, but there was little urgency from others at the Fed or in Congress. Companies developing their own currencies, consumers investing in cryptocurrency and the COVID-19 pandemic making paper notes anathema to many Americans changed that. Before COVID-19, Facebook’s Libra project (now known as Diem) showed lawmakers and central bankers the potential for a private company to step in and fill the void by effectively minting its own currency that could be spent by users around the world. “The status quo is not an option,” Diem co-creator David Marcus said at the International Monetary Fund’s 2019 fall meeting. “Whether it’s Libra or something else, the world is going to change in a profound way.” Brainard, for one, has taken notice. “My own thinking is that stablecoins and related private sector initiatives are moving very rapidly, which makes it incumbent on us to move more rapidly,” she tells TIME. “That is why I have been pushing to advance outreach, cross-border engagement, and policy and technology research for several years now.” So-called stablecoins — unregulated digital currencies created by private companies that purport to represent dollars but are completely unregulated — have become a significant worry for lawmakers and shown the importance of considering tying currency to a central bank. “It’s getting harder and harder for community banks to compete for new customers when big tech companies can afford to spend billions on marketing and technology,” Sen. Sherrod Brown, who chairs the Senate Banking Committee, tells TIME. “But many of these new ‘fintech’ products don’t come with the consumer protections, federal backing or customer service and relationships with the community that small banks and credit unions provide.” During a hearing on digital currencies in June, Sen. Elizabeth Warren, the ranking member of the Subcommittee on Financial Institutions and Consumer Protection, compared stablecoins to worthless “wildcat notes” that were issued by speculators in the 19th century. Her expert at that hearing, Lev Menand, an Academic Fellow and Lecturer in Law at Columbia Law School, went further in his testimony, calling stablecoins “dangerous to both their users and … to the broader financial system.” With private companies pushing deeper into the digital currency space, rival countries seeking to seize leadership and a public that is moving further away from physical currency, the U.S. is facing a world in which it may not control or even lead the world’s payment systems. That would make the future of money look very different from the past......»»

Category: topSource: timeSep 21st, 2021