Monday, 5 June 2023

[Post 798] Is Artificial Intelligence Friend Or Foe At The Workplace? | Money Mind | AI


Summary

Is AI friend or foe at the workplace?

[Post 797] Yishun: Singapore’s Weirdest Neighbourhood, Or Misunderstood? | On The Red Dot | Full Episode


Summary

Yishun has gone viral on social media for all the wrong reasons! Aside from all the bizarre occurrences that have been associated with that northern town, Yishun has also “played host” to several high-profile crime cases, like the notable Yishun Triple Murders of 2008. No wonder “weird” and “dangerous” are adjectives that readily come to mind at the very mention of Yishun! 

But look beyond its tainted reputation and a very different Yishun takes shape; one held together by strong roots, and uplifted by a kampung spirit that is easily detected amongst its residents! 

Yishun is like that oddball friend we all have. We would tease him for being weird, but jump to his defense when he is misunderstood. And even though he behaves badly sometimes, we secretly appreciate his quirks and uniqueness, because deep down inside, he is just an honest-to-goodness kampung boy whom his friends pledge fierce loyalty to.

Sunday, 4 June 2023

[Post 796] How Virtual Layoffs Became The New Normal For Workplaces


Summary

The rise of remote work during the Covid-19 pandemic has now brought about the rise of the virtual layoff.

Last November, Meta laid off 11,000 workers, and its CEO, Mark Zuckerberg, delivered the news over a remote video call. In April, McDonald’s temporarily shut down its corporate offices and fired hundreds of employees virtually.

Meta declined to send a statement, but a company’s spokesperson noted that the company has multiple locations in the world and cannot do all layoffs in person.

The practice is leading to a public debate over layoff etiquette — whether giving employees the bad news is more dignified than locking them out of their email accounts overnight.

“McDonald’s is teaching a master class in layoffs,” Jessica Kriegel, chief scientist of workplace culture at Culture Partners, told CNBC’s “Squawk Box” in April. “If I were getting laid off, I’d want to be laid off at home, not at the office.”

McDonald’s declined to comment.

Critics of the remote layoff trend say it lacks empathy and only favors the employer.
“It’s lazy leadership,” said Nicholas Whitaker, former Google employee and chief well-being officer and coach for tech workers. “We’re talking about thousands of people’s lives that have been turned upside down. And it’s one of the most, you know, impactful moments in somebody’s career to be let go or to be laid off. It lacks humanity, an ethical and a moral component.”

[Post 795] Who Actually Pays For Credit Card Rewards?


Summary

About 90% of all credit card spending is on rewards cards like Delta SkyMiles, Chase Sapphire Preferred or American Express Platinum. And these cards are hugely popular for a reason: you can earn cash back, upgrades on flights and many other perks. In 2019, about $35 billion in rewards was handed out to customers around the country. But how are banks paying for it all? A majority comes from interest earned from low-income consumers who revolve balances on a monthly basis. The rest is from merchant fees and things like annual, over-the-limit or foreign transaction fees. Some economists claim there's an annual redistribution of more than $15 billion from less to more educated, poorer to richer and high to low minority areas - widening existing disparities.

Saturday, 3 June 2023

[Post 794] Fires, Short Sellers and an EV Recall: Inside Lordstown Motors’ Decline | WSJ


Summary

Lordstown Motors was once in the race against Rivian, Ford and others to build America’s first electric pickup truck. It acquired a factory from GM and a vehicle design from Workhorse but still struggled to manufacture its Endurance EV as it grappled with vehicle fires, short seller reports and recalls.

After selling its namesake factory to Taiwanese iPhone manufacturer Foxconn, it has now turned to a reverse stock split in hopes of avoiding filing for bankruptcy protection.

WSJ’s George Downs explores the rise of Lordstown and the factors that went into the EV company’s decline. 

[Post 793] The $1.2 Billion Vinyl Industry's Rise, Fall and Rebirth, Explained | WSJ


Summary

Vinyl record sales hit $1.2 billion in 2022, outselling CDs for the first time since 1987. In today’s digital music era, streaming apps like Spotify and Apple Music offer listeners hundreds of millions of songs instantly through their phones. So why does the demand for vinyl records continue to rise?

WSJ tracks the life, death and rebirth of vinyl with Linkin Park’s Mike Shinoda and industry experts.

Friday, 2 June 2023

[Post 792] How Biden Could Bypass Congress to Avoid a Default | WSJ


Summary

If Congress doesn’t raise the debt ceiling by early June, the U.S. could default on its debt for the first time in history. But there are three things President Biden could do without Congress to avoid a default. 

They have been called “highly risky” and a “gimmick” by people like Federal Reserve Chair Jay Powell and Treasury Secretary Janet Yellen. But experts argue they’re worth looking at because they might be better than defaulting. President Biden is even seriously considering one of them. 

WSJ explains how the trillion dollar coin, premium bonds and the 14th Amendment could be used to avoid a default.

[Post 791] How commemorative coins are made at the Singapore Mint


Summary

Did you know that commemorative coins are the only coins that are still made in Singapore? We went behind the scenes at the Singapore Mint to see them being made by master craftsmen.

Thursday, 1 June 2023

[Post 790] 4 in 10 jobs in food services sector at risk of becoming obsolete: Manpower roadmap


Summary

About four in 10 jobs in the food services sector are at risk of becoming obsolete, according to a manpower roadmap. This covers frontline roles such as waiters and back-end staff including kitchen cooks. They will have to be retrained or have their jobs redesigned in order to keep one of Singapore’s key economic drivers humming.

[Post 789] New York vs. Tokyo’s Subway: How Japan Got So Far Ahead | WSJ U.S. vs. Japan


Summary

Japan’s train system is ranked the most efficient in the world, according to Statista. The United States is tied with Azerbaijan for 11th best. Part of this is because Japan’s railway system has more points of connection allowing for easier commutes. A New York City subway ride often features a transfer before reaching your final destination.

Why does the MTA operate at a loss while Tokyo Metro is profitable? WSJ explains how Japan’s transportation system got so far ahead and runs so smoothly.

Wednesday, 31 May 2023

[Post 788] Why Disney Is Scrapping Its ‘Star Wars’ Hotel and $900 Million Florida Campus | WSJ


Summary

Walt Disney Co. is reversing course on a nearly $900 million corporate campus and shutting down a costly new hotel amid growing tensions with Florida Governor Ron DeSantis. The campus would have relocated more than 2,000 employees around 20 miles outside of the Walt Disney World Resort to a town in Orlando called Lake Nona.

WSJ’s Jacob Passy explains the reasons behind Disney’s decisions and the economic benefits lost as a result. 

Tuesday, 30 May 2023

[Post 787] Sri Lanka’s flourishing tuk-tuk business | DW Documentary


Summary

Amidst the traffic chaos of Sri Lanka: the popular auto-rickshaws, or tuk-tuks. They’re traditionally driven by men. But increasingly, you’ll see a woman at the wheel - and this film is about three of them: Anulawathi, Thushari and Jega.

Anulawathi, Thushari and Jega all do the same job: they’re auto rickshaw drivers in Sri Lanka, three women in a sector traditionally dominated by men. Besides being a popular mode of transport, the three-wheeled tuk-tuk also provides these three women with a reliable source of income. All three were left by their husbands and had to find a way to feed themselves and their children. They were forced to challenge societal norms. After all, in Sri Lanka, men are traditioanally seen as the providers. Male tuk-tuk drivers view their female colleagues as rivals. But unsurprisingly, female customers love them.
 
Thushari lives in the capital Colombo. She is a longtime parent and works to support herself and her two daughters. Anuwalathi works in Kandy. She lived abroad for a few years and saved up enough money to buy her own tuk-tuk. Jega is also a single parent. She lives with her son and niece in the tourist resort of Hikkaduwa. All three women earn a steady income from the tuk-tuk business, which brings them closer to their eventual goal - independence and freedom.

Monday, 29 May 2023

[Post 786] Singapore's 'Little Thailand': Last Days Of Golden Mile Complex | On The Red Dot | Full Episode


Summary

Golden Mile Complex has been sold and all tenants and residents must move out by May 2023. An architectural marvel from the 70s, Golden Mile complex has become popularly known as "Little Thailand" due to its association with the Thai community. 

The iconic landmark has been designated for conservation but some are worried that something more important than the building cannot be preserved. Losing Landmarks follows five people who have played significant roles in building the Thai enclave during their last moments there. In the 1980s and 1990s, they and other business owners populated Golden Mile with shops that offered all things Thai: food, fashion, entertainment, and groceries to cater to the growing Thai working community in Singapore. Its unique Thai-ness is what makes the Thai community and Singaporeans alike venture there. When Golden Mile complex closes, can the Thai diaspora find another space to revive Little Thailand?

[Post 785] How Smart Is ChatGPT, Really? | Talking Point | Full Episode


Summary

It’s AI VS HUMANS! 

We have all heard of how extraordinary ChatGPT is - from its human-like responses to EVEN writing poems and songs - all churned out in a matter of seconds. But, is it really THAT good? In an unprecedented first, Talking Point puts production value at stake and gets ChatGPT to write its script! Just how well would ChatGPT perform and could this AI chatbot really be more creative than the human team? 

Join host Steven Chia as he unravels the future potentials of ChatGPT and uncovers the truth behind its answers. Is it really a trusty chatbot? 

[Post 784] Will Apple’s Headset Be as Disruptive as the iPod, iPhone or Apple Watch? | WSJ


Summary

Apple is expected to announce a mixed-reality headset in 2023. Thanks to the iPhone, Apple has a massive 2-billion-person installed base, but convincing customers to purchase a pricey headset could be a challenge. When the tech company released the iPod and Apple Watch, those markets ballooned. Will the AR/VR headset market do the same?

WSJ’s Joanna Stern explains how Apple has changed product markets like music players, smartphones and smartwatches.

Sunday, 28 May 2023

[Post 783] HDB flats for plants? Working at a vertical farm


Summary

In his continuing quest to experience different jobs, John Lui tries his hand at being a vertical farmer. 

[Post 782] Technogym founder on what he has in common with athletes from Schumacher to Ronaldo / Lunch w/Sumiko


Summary

Just like these athletes, Nerio Alessandri, founder and CEO of high-end gym equipment, Technogym, shares why he prefers to speak about results rather than success.

Saturday, 27 May 2023

[Post 781] Chinese snap up homes in post-Covid Thailand


Summary

Many Chinese, eager to offset risks after the pandemic, are snapping up second homes overseas and Thailand, with its good international schools and quality medical facilities, is proving an attractive investment. READ MORE: https://str.sg/ioR8

[Post 780] What's the future of crypto?


Summary

The financial revolution once promised by cryptocurrencies has been knocked off course by regulators and allegations of fraud. So what does the future hold for crypto?

Friday, 26 May 2023

[Post 779] How People Profit Off Pineapple Scraps | World Wide Waste | Insider Business


Summary

Nearly half of every pineapple you eat ends up in the trash. But now, companies across the globe are turning the inedible parts of the fruit into textiles, plates, soap, and more.

[Post 778] How UnitedHealth Grew Larger Than The Biggest U.S. Bank


Summary

UnitedHealth Group is the biggest health-care conglomerate in the U.S. based on market cap and revenue. It’s even bigger than JPMorgan Chase, the nation’s largest bank. Annual revenue has nearly doubled over the past decade when adjusted for inflation, from $144 billion in 2012 to $250 billion in 2022. The company’s growth was fueled by an acquisition strategy that has been largely free of regulatory scrutiny. Watch the video above to learn how UnitedHealth grew so big and what that means for U.S. health care.

Thursday, 25 May 2023

[Post 777] Why Walmart And Alphabet Are Beating Amazon In Drone Delivery


Summary

Amazon says its Prime Air drones recently completed 100 deliveries in two small U.S. markets. Meanwhile, competitors like Alphabet’s Wing and Walmart partner Zipline have made hundreds of thousands of deliveries, largely outside of the regulatory confines of the U.S. in markets like Australia and Africa. We went to Lockeford, California, a 4,000-person town that’s one of two places where Amazon has begun deliveries. But we saw no aerial activity and talked to residents who hadn’t either. We also visited drone companies Wing, Zipline and DroneUp to see their deliveries in action and ask about clearing Federal Aviation Administration hurdles. Here’s how Amazon fell behind, despite all drone companies facing the same stringent regulations here in the U.S.

[Post 776] Why California’s High-Speed Rail Is Taking So Long


Summary

In 2008, California voted yes on a $9 billion bond authorization to build the nation’s first high-speed railway. The plan is to build an electric train that will connect Los Angeles with the Central Valley and then San Francisco in two hours and forty minutes. At the time, it was estimated the project would be complete by 2020 and cost $33 billion. But 15 years later, there is not a single mile of track laid, and there isn’t enough money to finish the project. The latest estimates show it will cost $88 billion to $128 billion to complete the entire system from LA to San Francisco. Inflation and higher construction costs have contributed to the high price tag. Despite the funding challenges, progress has been made on the project. 119 miles are under construction in California’s Central Valley. The project recently celebrated its 10,000th worker on the job. The infrastructure design work is complete, and 422 out of 500 miles have been environmentally cleared. CNBC visited California’s Central Valley, where construction is underway, to find out what it will take to complete what would be the nation’s largest infrastructure project.

Wednesday, 24 May 2023

[Post 775] How LVMH Became A $500 Billion Luxury Powerhouse


Summary

The luxury conglomerate LVMH Mo√ęt Hennessy Louis Vuitton controls 75 Maisons, or brands, including Tiffany & Co., Sephora, Dior, Givenchy and TAG Heuer. At the helm of the luxury empire is the richest person in the world, Bernard Arnault, whose five children all hold senior executive roles within the company. With a keen eye for luxury, ruthless negotiation skills and an effective business acumen, Arnault has acquired some of the biggest names in the world. Most recently, in 2021, the company bought Tiffany & Co. for $15.8 billion after a bitter dispute about price due to the Covid-19 pandemic, and to salvage the luxury sector's biggest-ever deal. Though most companies struggled during the pandemic, LVMH’s stock steadily rose while it continued to report record revenue year after year as wealthy consumers participated in what McKinsey & Co. called "revenge spending." For the first quarter of 2023, LVMH reported a 17% increase in revenue from the same period a year earlier. The Asia market, which had seen the most significant drop due to Covid-19 closures, had a 14% rise in revenue after an 8% decrease in the fourth quarter of 2022. In April 2023, LVMH became the first European company to surpass $500 billion in market value.

[Post 774] Low-income households eating less and taking cold showers to keep roof over their heads | ABC News


Summary

As prices soar, rents rise and energy bills mount, those earning the least are finding they have few places left to make savings. In one home, a single father only runs one lightbulb, while in another the parents are foregoing fresh food so their kids can eat a decent meal.

Tuesday, 23 May 2023

[Post 773] I Bring In $278K A Year Selling $60 T-Shirts In NYC


Summary

Doobie Duke Sims, 42, answered a Craiglist ad for a print shop that was already set up, and taught himself how to screen-print clothing. In 2020, he created Snow Milk, a Brooklyn-based streetwear brand. Prices for his clothing range from $60 for a t-shirt to $500 for a trench coat. Last year, Sims' business brought in $278,000.

[Post 772] Living On $230K A Year Selling Ice Cream With My Mom | Millennial Money


Summary

Annie Park, 32, makes $230,000 running Sarah's Handmade Ice Cream, an ice cream shop franchise, with her mom in the Washington, D.C. area. The ice cream business brought in $1.86 million in revenue in 2022.

This is an episode of CNBC Make It's Millennial Money series, which profiles people across the globe and details how they earn, spend and save their money.

Monday, 22 May 2023

[Post 771] The Money-Making Strategies of Chick-Fil-A, Costco, IKEA and More | The Economics Of | WSJ


Summary

What are some of the strategies of the most successful businesses around the world? From ChicK-Fil-A and Starbucks, to Ikea and Target, WSJ talked to CEOs and business leaders about their unique approach leading these major brands.

[Post 770] Can ChatGPT Help You To Make Money? | Money Mind | Investing With AI


Summary 

Can generative AI help you invest better, and will it replace human investment advisors in the future?

We asked ChatGPT to show us the money, and found out there’s still some things it can’t do – for now. 

Sunday, 21 May 2023

[Post 769] Lim Chu Kang: The End Of An Era Of Farming In Singapore | On The Red Dot | Full Episode


Summary

By December 2023, 70 farms in Lim Chu Kang will have to move out of their current farmland to make way for the development of military training grounds. On The Red Dot follows the stories of three farms affected by this move. 

After close to three decades of being the only licensed frog breeding farm in Singapore, Jurong Frog Farm makes a difficult decision to close its gates for good. What will they leave behind? Hay Dairies prepares for the big move to their new farm site in Neo Tiew Crescent. But with more than 1000 goats and an incoming birthing season for the goats, will they be able to shift over to their new site in time? After losing more than 95% of land space when it moved to its current site to make way for the expansion of Tengah Air Base, Quan Fa Organic Farm struggles to meet its output. 

So, what lies ahead for these farmers? Will they need to bid farewell to traditional farming in Singapore?

[Post 768] Goodbye, Jurong Bird Park: The Last Day | On The Red Dot | Full Episode



Summary

On 3 January 2023, Singapore said goodbye to one of the most iconic landmarks, Jurong Bird Park. Losing Landmarks followed the last day of operations at the park before it was shuttered exactly 52 years since it opened, capturing the historical milestones of this park through the people who helped to set this remarkable park that was once the world’s largest walk-in aviary, with over 600 free-flying birds.

Lim Hee, an assistant bird curator who helped selected the birds for the opening day of the park, retold stories of the magnificent manmade waterfall which was once the world’s tallest. Mohd Saad, a trainer who looks after one of the park’s oldest cockatoo, Big John, clings on with anticipation to see if the star of Jurong Bird Park will cooperate for one last performance. 

Take one last flight at the iconic Jurong Bird Park.

Saturday, 20 May 2023

[Post 767] What is the debt ceiling?


Summary

As America's government hits the debt ceiling, US politics has become a multi-trillion dollar game of chicken. If neither side backs down, America could default on its debts for the first time in history, sparking global economic turmoil. What is the debt ceiling, and how can this crisis be resolved?

Friday, 19 May 2023

[Post 766] How 3 Korean Chefs Make 10,000 Office Workers' Lunch Boxes Every Week | Big Batches | Insider Food


Summary

At Mugga Dosirak in South Korea, a team of three chefs and 15 staff members cook and package 10,000 lunch boxes every week by hand, and sell around 400,000 lunch boxes every year. We visited their kitchen to see how they prepare these meals in such big batches.

[Post 765] Why American Subways Are Some Of The World’s Most Expensive


Summary

Public transit can be extremely valuable for a city’s economy - in New York City 85% of the people who travel into the business district below 61st Street take some form of public transportation. In several major cities - New York, Boston, Washington, D.C., and San Francisco - the subway and other rapid rail systems are key contributors to the prosperity of the city. In NYC for example, more than $37 billion of the Metropolitan Transportation Authority’s $54 billion budget goes to subways. But building subways in the U.S. is very expensive. In fact, it’s the sixth most expensive country to build rail transit in the world. And even that is likely an understatement. High labor costs, overbuilt tracks and stations, and onerous regulations all jack up costs. NYC’s sheer population density makes it rather worth it - so many people ride the subway that the cost per rider is comparable to many European cities where total expenditures are substantially lower. However, the high costs hurt the case for public transit in less dense areas of the country. Lowering those costs could go a long way toward building affordable and accessible public transit for smaller cities around the country and reducing traffic congestion, pollution and traffic accidents.


[Post 764] Are we still being conned by the bottled water industry? | 60 Minutes Australia


Summary

Sometimes, you've got to admire their sheer audacity. I'm referring to those cunning folk flogging us all that bottled water. Think about it: you can get perfectly healthy stuff straight from the tap for almost nothing. Yet suckers like you and me are forking out money for the bottled variety. In 2009, we spent half a billion dollars on bottled water last year. The question is, just what do we think we're buying in those fancy bottles?

Thursday, 18 May 2023

[Post 763] Renovating A $100K Abandoned High School Into Apartments | Unlocked


Summary

Millennials Adam Colucci, Jesse Wig and Dan Spanovich bought an abandoned high school in Homestead, Pennsylvania for $100,000 and turned it into a 31-unit apartment building. The renovation cost about $3.3 million and took 18 months to complete. Adam, Jesse and Dan are now in the process of turning a second school into an apartment building.

Unlocked is a home tour series focused on how much people across the globe spend on their housing, what they get for the money and what they had to sacrifice to make it happen.

[Post 762] How 1-800-Flowers Prepares 23 Million Flowers for Mother’s Day | The Economics Of | WSJ


Summary

It takes 1-800-Flowers.com a year to prepare for Mother’s Day. The business depends on more than 5,000 local florists and fulfillment centers to get orders of items like flowers, bouquets and even teddy bears to customers. How did the online florist become one of the leaders in e-commerce?

WSJ takes a look behind the complicated logistics of delivering 23 million flowers on the company’s most profitable day of the year.

Wednesday, 17 May 2023

[Post 761] Why Hydrogen-Powered Planes Will Beat Electric Planes


Summary

With 4.5 billion passenger trips taken each year and more than 16 million planes taking off annually in the U.S. alone, aircraft are responsible for 2.5% of global CO2 emissions, and the problem is growing. But there could be a solution that rivals the power of fossil fuels without the negatives - hydrogen. Aircraft giant, Airbus, is exploring the technology, as well as new startups, ZeroAvia and Universal Hydrogen. CNBC explores hydrogen planes and whether they could fix aviation’s emissions problem.

[Post 760] How The U.S. Is Stalling A Recession


Summary

Wall Street investors remain braced for a recession. But a turndown hasn't yet materialized, due to strong demand from U.S. consumers. Spending makes up roughly 68% of the U.S. economy. It's remained strong amid high inflation as high-income Americans draw down generous savings accrued in the pandemic. Lower-income Americans who may have exhausted their pandemic savings are increasingly turning to credit cards to finance daily life.

Tuesday, 16 May 2023

[Post 759] Should Food Delivery Riders Just Get A ‘Real Job’? We React To Viewers’ Comments


Summary

Do delivery riders have it rough trying to earn enough? The two-part #TalkingPoint special on food delivery riders got tonnes of buzz. In this video, host Steven Chia and producer Sara Grosse respond to comments on social media.

[Post 758] Low Tech, Low Cost Solutions To Keeping Cool In Indonesia | Money Mind | Cooling Technology


Summary

New and sustainable ways to keep cool, amid soaring temperatures in Asia. 

How a cool tech project in Indonesia was able to reduce temperatures by up to 11 degrees Celsius, using a low tech, low cost solution.s. 

Monday, 15 May 2023

[Post 757] How Can I Get Out Of Homelessness? | Homeless In Singapore - Part 3/3 | Full Episode


Summary

Singapore boasts one of the highest rates of homeownership in the world with about 9 in 10 people owning the home they live in. Yet, homeless people still exist. Public rental housing is one of the most affordable housing options as it is highly subsidised, with rent as low as S$26 per month. So why are people still homeless?

In the finale of the series, we follow our homeless individuals as they try to get a permanent roof over their heads and witness the unexpected roadblocks they face on their road out of homelessnes

Sunday, 14 May 2023

[Post 756] Surviving Singapore's Homeless Shelters | Homeless In Singapore - Part 2/3 | Full Episode


Summary

In Singapore, there are 22 night shelters or Safe Sound Sleeping Places (S3Ps), and six transitional shelters, providing temporary refuge for the homeless population as they await the availability of subsidised public rental flats. Shelter space is sufficient, but having a roof to sleep under comes with a slew of rules to follow. 

In part two of the series, we follow the lives of six homeless individuals as they face the unexpected challenges of sleeping in temporary shelters. What happens when they break the rules?

Saturday, 13 May 2023

[Post 755] How We Became Homeless In Singapore | Homeless In Singapore - Part 1/3 | Full Episode


Summary

Hidden in plain sight, the homeless population in Singapore is largely forgotten and misunderstood. The assumption is often that they have done something wrong in their lives, but homelessness is often a complex issue. Even people who have worked their entire lives in good jobs can end up homeless. 

In part one of the series, we meet three homeless individuals to find out how they ended up being homeless and how they are surviving without a home, in a tightly-regulated city like Singapore. a

Friday, 12 May 2023

[Post 754] The heartland girl who became a CEO | Pearly Phau | Wong Kim Hoh meets


Summary

Pearly Phau grew up in Jurong East and spent 20 years in banking before being headhunted to helm Singlife, one of Singapore’s largest insurers

Thursday, 11 May 2023

[Post 753] How Richard Branson’s Satellite Launch Startup Failed | What Went Wrong | WSJ


Summary

Richard Branson’s Virgin Orbit has failed to take off after being deemed a promising satellite-launch startup. The business made a big bet on using Boeing 747s to launch satellites into space, but that bet hasn’t paid off.

The company filed for bankruptcy in April, after launch issues and a changing satellite market caught up with it. WSJ explains what led to the Virgin Galactic spinoff’s collapse

[Post 752] Should you pay more for a resale HDB flat or wait for a BTO flat? | Money Talks podcast


Summary

A new Build-To-Order (BTO) flat can take more than four years to build. A resale flat in the same vicinity will likely cost you significantly more. So what should a prospective home buyer do? Andrea Heng gets property agent Jooann Tay to weigh the options. 


Wednesday, 10 May 2023

[Post 750] How Credit Cards Work In The U.S. | CNBC Marathon


Summary

CNBC Marathon takes a look at how credit cards work in the U.S., including major industry players like Visa, Amex, and Discover.

$6.7 trillion. That is how much Americans spent using their debit or credit cards in 2019. More than 60% of those purchases were made using cards from Visa, a company that has long dominated the payment card industry. As payment cards become more essential in our daily lives, Visa has quickly grown to become one of the most valuable companies in America. So how exactly does Visa make money and why does it dominate the payment card industry?

Clarification: The 10% mentioned in the video at 12:30 refers to 10% of the average 2.2% of the swipe fee charged to merchants.

And armed with impressive rewards and a loyal customer base, Amex has achieved impressive growth over the years. The company’s revenue has increased over 32% since 2017 and shares of the company have shown resilience and growth in a tumultuous market. Yet Amex is far from dominating the credit card industry compared to the likes of Visa and Mastercard. So what is the secret to Amex’s success and where is it headed next?

Credit scores, which represent how likely a person is to pay his or her bills, affects almost every aspect of an American’s financial life. One key benefit built into the credit scoring system is its nondiscriminatory practice of using just numbers to determine a person’s creditworthiness. “Credit scoring when it was first developed was an advancement,” said Chi Chi Wu, staff attorney at the National Consumer Law Center. “It is better than having some banker sit across from you and judge you and read the information in your credit report, because they bring a lot of their subjective analysis and their own life experience into the analysis.” But despite the good intentions of credit report companies, many experts argue that the current system is still discriminatory.

Lastly, Discover is one of the largest credit card issuers in the U.S. and consistently tops a customer satisfaction survey. However, the stock has mostly underperformed that of the S&P 500 and its credit card competitors. So how does Discover stack up to its competitors and what’s unique about its business model? Watch the video to find out.

[Post 749] How Netflix And YouTube Changed Entertainment Forever | CNBC Marathon


Summary

From Netflix and YouTube to AMC, CNBC Marathon explores the future of entertainment.

Over the past 25 years, Netflix revolutionized the film and television industry. The company amassed over 220 million subscribers across 190 countries, billions of hours watched for show Stranger Things and racked in 226 award wins. However, in 2022, things began looking rather different for the storied streamer while fighting an uphill battle to remain relevant in the streaming wars. In Q2 of 2022, Netflix lost nearly 1 million subscribers as rival Disney+ added roughly 14 million new subscribers.

Movie theaters across the U.S. and worldwide were dealt a massive blow during the pandemic. The domestic box office numbers plummeted from 2019’s box office of $11.2 billion to $3.8 billion in 2021. As for AMC Entertainment, the pandemic was chaotic. The theater company was virtually out of cash and nearly bankrupt, yet the 2021 “APE meme-stock” movement possibly saved the company.

And with more than 500 hours of video uploaded every minute and over 1 billion hours watched every day, Google’s YouTube is the world’s second largest search engine. And its meteoric growth hasn’t subsided, over 2 billion users visit the site every month. CNBC takes a look at how the video platform has changed over the past 15 years and if it can stay on top.

Tuesday, 9 May 2023

[Post 748] Why Inflation Is So Sticky


Summary 

Everything is more expensive. Overall consumer prices are about 13% higher than they were in April 2021 and Americans are feeling the pain. Inflation, or the rate prices are increasing in the general economy, has been a persistent problem the past two years. The Federal Reserve had hoped inflation would normalize as the pandemic’s volatility subsided, but prices have stubbornly stayed well above its 2% goal. Watch the video above to learn why inflation sticks around and what we can do about it. 

[Post 747] United Airlines Explains How It Orchestrates 30,000 Weekly Flights | WSJ Travel Guides


Summary

United Airlines flies 988 routes globally with around 30,000 departures every week. How do airlines choose where to fly when they have so many flights every week?

It turns out legacy airlines like American and Delta and low-cost airlines like Southwest and Spirit use different models when planning their route networks. WSJ asked United’s global network planning expert to explain how airlines plan and manage their routes.

Monday, 8 May 2023

[Post 746] King Charles III’s Net Worth and Income Streams: A Breakdown | WSJ


Summary

King Charles III’s personal wealth is a closely-held secret, much like his mother before him, Queen Elizabeth II. A successful business owner, the monarch also holds several private assets and private estates, including the Duchy of Lancaster.

WSJ breaks down what is known about the monarch’s assets, his income streams and what he inherited from his mother, who died last year at 96.

[Post 745] Southeast Asia's Booming Vaping Industry: Should We Be Worried? | Undercover Asia


Summary

Initially conceived as a way for smokers to kick the habit, vaping has since undergone a remarkable evolution in Southeast Asia. It is now a thriving cultural phenomenon, with trendy vape cafes, massive trade shows, competitive tournaments, and a burgeoning online and offline community.
 
But amidst the glitz and glamour lies great controversy. Even as vaping continues to be promoted as the solution to the global tobacco crisis, public health experts warn that vaping could create a new health crisis of its own, especially with high levels of underage use.
 
Undercover Asia investigates: Why has vaping gained such popularity among youths? How effective is it as a smoking cessation aid? What aren’t vape companies telling us? And could vaping act as a gateway drug into even more dangerous substance abuse?

Sunday, 7 May 2023

[Post 744] 3 Singapore/Malaysia Dishes That Are Same-Same But Different: Nasi Lemak, Bak Kut Teh, Chilli Crab


Summary

How did chilli crab, bak kut teh and nasi lemak originate? And whose version of these tastes better - Malaysia or Singapore? Chef and host Ming Tan recounts his journey to investigate these three dishes on the #OnTheRedDot Food Fight series.

[Post 743] Inside Japan's Mini North Korea | Unreported World

Summary

Japan but feel a close bond with one the world’s most repressive states, North Korea. 
 
Their community is centred around the Chongryon, a powerful residents association with strong links to the North Korean regime.
 
Unreported World has been given rare access to try to understand what lies behind their beliefs.
 
Born and raised in Japan, this community has their own unique schooling system, complete with portraits of North Korean leaders in every classroom. 
 
Secunder meets a volatile ultranationalist activist targeting the schools and a former Chongryon member suing the North Korean government. 

Saturday, 6 May 2023

[Post 742] Why the World Should Care About Credit Suisse’s Downfall



Summary

Switzerland’s secret bank accounts and political neutrality turned the small Alpine nation into a financial giant. Now the demise of Credit Suisse, one of its two big banks, has shaken global finance and created a megabank in UBS that comes with new and potentially bigger risks. Bloomberg journalists trace the history of Swiss banking and how the ramifications of the Credit Suisse crisis extend far beyond the country’s borders.  

[Post 741] UK Food Bank Demand Hits An All-Time Record


Summary

The UK’s demand for food banks has doubled compared to 5 years ago, with the highest number of parcels on record delivered to children. The cost of living crisis has hit some families hard and charities like Dads House are struggling to keep up.

Friday, 5 May 2023

[Post 740] What Makes Used Rolex Watches Worth More Than New Ones? | The Economics Of | WSJ


Summary

Rolex is the world’s most popular luxury watch brand, yet it’s not involved in many of its own watch sales. Surprisingly, some used Rolex models cost more than the new ones.

WSJ’s fashion columnist Jacob Gallagher explains how factors like long waitlists and supply chain issues have caused the used watch market to explode in recent years, and how Rolex is trying to get in on the action with its own certified pre-owned watch program.

Is the clock ticking on the used watch market’s popularity?

[Post 739] Living & Dying Alone: The Rise Of Single-Person Households Is Changing Societies | CNA Correspondent

Summary

In Japan, the average household had four members in the 1980s. As of 2020, 38% are single-member households. But the pace of households shrinking to just one person is rising fast. It’s likely to exceed 40% of all households very soon. Michiyo Ishida checks out a new solo dining trend amid the shifting social structure.

In South Korea, the rise of single-person households is also bringing sweeping changes to many sectors, including the funeral industry. Lim Yun Suk finds out why more young Koreans are choosing to stay single, with some even wanting to plan ahead for their funerals.
 
In the United States, Sally Patterson examines the price that solo living carries. Research shows singles in the nation fork out thousands of extra dollars on rent in what’s being called a ‘single’s tax’, as more Americans are unpartnered - meaning neither married nor living with a partner - than ever before.

Thursday, 4 May 2023

[Post 738] Bonds, Explained Through SVB’s Collapse | WSJ


Summary

Buying U.S. government bonds is among the safest investments you can make. In fact, people often put their college funds and retirement savings into bonds. In the midst of recession fears, bonds are often referred to as “risk-free” because there are only two ways you can lose money:

1.) The government defaults, which is almost certainly not going to happen, or
2.) You sell the bonds early at a loss, which contributed to the collapse of Silicon Valley Bank

This might make you wonder how safe bonds really are, so WSJ explains why they’re still a good investment.

[Post 737] Shanghai Auto Show: See the Latest EVs on Display in China | WSJ


Summary

At this year's auto show in Shanghai, international automakers like Volkswagen Group and Porsche are trying to keep up with Chinese EV manufacturers like BYD and Li Auto, who dominate China’s EV market.

WSJ’s Yoko Kubota heads to the most prestigious car show in China and takes a look at what’s driving the latest trends.

[Post 736] Why Car Parking Is A Struggling Industry In The U.S.


Summary

Only 10 percent of the parking in the United States is paid parking, but the industry that runs it rakes in billions. For decades, it has been a largely stable, growing industry. Historically it has been dominated by small and family businesses, but now two players are publicly traded companies such as SP Plus (SP+) and ABM. However, the industry is facing some challenges. 

Low barriers to entry make it a crowded, fragmented industry. Competition is fierce. It has also suffered from the blows e-commerce has dealt brick and mortar retail, and the rise of ride-hailing. And now a post pandemic world where workers are rarely driving into urban areas. On top of it all, demand is declining in some markets. Parking garages have had to adapt, invest and prepare for a future where fewer people may drive or own cars. But that takes capital, and is risky. It remains to be seen how the industry fares as it expands and pivots to stay relevant.

Wednesday, 3 May 2023

[Post 735] Will ChatGPT Take Your Job?


Summary

The rise in new generative artificial intelligence tools has the potential to rock industries staffed by white collar workers in the coming years. These new tools can create art and do research that previously took years of training, potentially disrupting entire industries. With the emergence of this new paradigm, what will the economy of tomorrow look like?

[Post 734] Where Did Americans’ Savings Go?


Summary

The trillions in excess personal savings built up in the pandemic are beginning to vanish amid high inflation, according to Federal Reserve economists. The monthly saving rate fell to a 15-year low in 2022. It started a recovery in 2023, but remains well below long-term trends. Despite this slowdown in saving, consumer spending has remained robust, keeping the U.S. from recession. 

“Something like $2 [trillion] to $2.5 trillion above what we would have otherwise expected were saved by American households,” said Curt Long, chief economist at the National Association of Federally-Insured Credit Unions.

Collectively, Americans have trillions in excess savings compared with expectations leading up to the pandemic, according to Federal Reserve economists.

Tuesday, 2 May 2023

[Post 733] Why Americans Have A Love-Hate Relationship With E-scooters


Summary

The global market size for e-scooters is projected to surpass $30 billion by 2028. Although e-scooters have become a regular mode of transportation in major metropolitan areas, ride-share e-scooter businesses are struggling with profitability and facing issues working with cities.

[Post 732] How ‘Junk’ Fees Secretly Invaded The U.S. Economy (And How Pres. Biden Wants To Stop Them)


Summary

Americans are collectively spending nearly $65 billion on sneaky fees, according to the White House. “It really seems like companies have become addicted to junk fees,” Lina Khan, chair of the Federal Trade Commission, told CNBC. Junk fees are making companies billions of dollars richer. 

“I think part of the reason that a lot of companies are doing this is that investors and shareholders really like it. It’s another way to pull in more revenue without really competing,” Rohit Chopra, director of the Consumer Financial Protection Bureau, told CNBC.

Monday, 1 May 2023

[Post 731] Rent vs. Buy: Which Makes More Sense In The Current Real Estate Market?


Summary

To buy or not to buy has never been a simple decision. And this ever-changing housing market isn’t making it any easier. With surging mortgage rates, record-breaking rents and home prices, a potential economic downturn and other lifestyle considerations – there’s so much to factor in. On average across the 50 largest United States metro areas, a typical renter pays about 40% less in rent than a first-time homeowner. However, that’s not the case for everyone. In December 2022 buying was more affordable in 5 of the largest U.S. metros. What makes sense for you and your family depends on where you plan on living, how long you plan to stay, and your financial circumstances.

[Post 730] Why HBO's Next Move Is Critical


Summary

More than 50 years ago, HBO revolutionized television when it began to offer uncut movies, live boxing matches, concerts and comedy specials when you couldn’t watch those things anywhere but at a movie theater or in person. And slowly but surely, as video rental companies like Blockbuster began to compete with the network’s value proposition in the late 1990s and early 2000s, the company pivoted to investing in some of the most beloved original content of our time such as “The Sopranos” and “Sex and the City.” But it didn’t end there, the company has continued to produce award-winning content such a “Game of Thrones,” “Veep,” “The Last Of Us” and “Succession.” 

Despite establishing itself as the gold standard of storytelling, HBO has never operated as a stand-alone business, and has instead experienced numerous mergers and acquisitions, including the ill-fated AOL-Time Warner deal, known as one of the worst in American corporate history. Today, the company is owned by Warner Bros. Discovery but experts are predicting yet another transition is on the horizon.

[Post 729] How Robots Could Help Retailers Save Billions


Summary

Outfitted with cameras and sensors, autonomous inventory robots can verify price signs and look for out-of-stock items. Inventory is one of the biggest challenges retailers face. Missed sales from empty shelves and out-of-stock items cost U.S. retailers $82 billion in 2021, according to NielsenIQ. But an army of inventory robots is being deployed that could help retailers appease angry customers, boost sales and respond to the ongoing worker shortage.

Sunday, 30 April 2023

[Post 728] How Girl Scouts’ $800 Million Cookie Empire Works | The Economics Of | WSJ


Summary

Girl Scout cookies like Thin Mints, Samoas and Tagalongs are sold only a few months each year, yet they generate $800 million in revenue annually for Girl Scouts of the USA. In fact, the organization is the largest girl-led entrepreneurial program in the world, helping young girls practice unique skills like goal setting and money management.

WSJ takes a look at how cookies have served as the key ingredients for Girl Scouts' longstanding success.

Saturday, 29 April 2023

[Post 727] Why China's Billionaires Keep Disappearing


Summary

Jack Ma, the founder of Alibaba, made headlines when he was recently spotted at Yungu School in Hangzhou, where the company is headquartered. He had rarely made a public presence since he irked the Chinese Communist Party for criticizing the country's financial regulatory system in 2020.
"He described them as having a 'pawnshop mentality,' and that really ruffled a lot of feathers," said Dexter Roberts, a senior fellow at the Atlantic Council Indo-Pacific Security Initiative and author of The Myth of Chinese Capitalism. "Also, just the brash character of Jack Ma rubbed a lot of regulators and very powerful people in China the wrong way."

Jack Ma wasn't the first billionaire who mysteriously disappeared from public view. In 2015, Guo Guangchang, who is known as China's Warren Buffet, went missing. The company later said he was assisting authorities with an investigation.

In 2017, Xiao Jianhua, a Chinese-Canadian billionaire, was abducted by Chinese security agents from Hong Kong. In 2022, he was sentenced to 13 years in prison for fraud and corruption.
The mysterious disappearance of China's billionaires hasn't stopped yet. In February, Bao Fan, a renowned investor banker, became the latest name on the list of 'vanishing billionaires.' However, a few days later, his company said he was "cooperating in an investigation being carried out by certain authorities in the People's Republic of China."

"When someone like Bao Fan disappears, someone that high profile who suddenly vanishes without explanation, that inevitably sends a chilling kind of feel through the rest of the market," said Nick Marro, lead analyst for global trade at the Economist Intelligence Unit. "I mean, how can you feel like you can do business in a place where, you know, an important leader of the industry can suddenly disappear?"

[Post 726] Why So Many Amazon Workers Are Getting Hurt


Summary

For years, Amazon warehouse workers have been speaking up about unsafe conditions and the risk of injury they say they face while churning out millions of packages every day. Now their claims are being backed up by federal investigators who cited Amazon for “failing to keep workers safe” and new 2022 facility-level injury data that shows Amazon workers get injured at a rate of 6.9 for every 100 workers. CNBC spoke with Amazon workers who’ve been hurt and asked the government, and Amazon, what’s being done to make warehouses safer.


Friday, 28 April 2023

[Post 725] Why Virgin Orbit Failed


Summary

Virgin Orbit started out as a program at space tourism venture, Virgin Galactic, in 2012 before being spun off into a separate company in 2017. Virgin Orbit’s goal was to build rockets capable of blasting small satellites into space and, at the time, this was still a largely untapped market. Virgin Orbit was well-capitalized, had a dedicated team of talent and a functioning launch system. But launch delays, an inability to land a major customer and an evolving satellite launch market eventually got the company in hot water. Watch the video to find out more about what led to Virgin Orbit’s eventual bankruptcy.

[Post 724] How The U.S. Wastes Tax Money


Summary

The U.S. government wasted almost $2.4 trillion on just payment errors over the last two decades, according to the Government Accountability Office. Oversight reports from nonprofits and senators like Rand Paul claim that billions more are being wasted every year on needless programs. So how much taxpayer dollars are being wasted every year and what can the U.S. do about it?

Thursday, 27 April 2023

[Post 723] Why U.S. Vacation Policies Are So Much Worse Than Europe’s


Summary

The United States is the only advanced economy that doesn’t guarantee workers paid time off. And nearly half of those who are offered paid vacations don’t take the days, even though roughly 80% of U.S. workers receive some sort of paid time off. In France, in contrast, the cultural norm is to take off the entire month of August. But not taking vacation could be harmful to both workers’ health and the economy. Watch the video above to learn more about the vacation story of these two cultures.

[Post 722] Spotify Breaks Down the Mapping Tech Behind Its Algorithm | The Tech Behind | WSJ


Summary

Spotify is the leader in music streaming, thanks in part to its AI-driven recommendation algorithm. But how do playlists like ‘Discover Weekly’ know you well enough to show you a personalized collection of new music?

Here’s an inside look at how the platform uses machine learning technology to customize several aspects of a user’s experience.

Wednesday, 26 April 2023

[Post 721] How Tap-to-Pay Works | The Tech Behind | WSJ


Summary

From Apple iPhones to New York City subway turnstiles, tap-to-pay use in everyday American life is growing, thanks in part to its security and ease of use. But tap-to-pay and its small near field communication antennas are more complicated than they look.

WSJ takes you inside one of Square’s card readers to break down the tech that works in seconds to power contactless payments.

[Post 720] How Juul Went From $38 Billion Vaping Startup to Near-Bankrupt | What Went Wrong | WSJ


Summary

Juul sparked an e-cigarette craze that led it to a $38 billion valuation, making it one of the most valuable Silicon Valley startups in 2018. Five years later, the vaping giant’s stratospheric rise has been matched with a stunning fall as it faced thousands of lawsuits over the marketing of its vape products, which critics say targeted teens. 

WSJ explains Juul’s collapse and what’s next for the struggling e-cigarette company.

Tuesday, 25 April 2023

[Post 719] China's Shrinking Population: How Will It Cope With Fewer Workers? | Insight | Full Episode


Summary

China recorded a drop in population for the first time in six decades, an outcome of its One-Child Policy. It is the first country to “get old before it gets rich”. It is a problem that President Xi Jinping has noted in several speeches. 

Even if the government is successful in encouraging Chinese citizens to have more babies, it will still face an aging population in the short and medium term. Already, the country is experiencing a shortage of workers in some industries. 

Could external and internal migration, or even raising the retirement age, be solutions? And if not, can Beijing rely on robots and A.I to make up the shortfall?

[Post 718] New Businesses At The Ramadan Bazaar: Can They Survive? | Money Mind | Business


Summary

The cost of rentals at this year’s Ramadan bazaars in Singapore has been the talk of town. But some first-time businesses say it’s still worth coughing up rents of up to S$18,000. So what does it take to survive – and thrive – in this hotly competitive market? 

Monday, 24 April 2023

[Post 717] Can We Help The Homeless By Getting Singaporeans To Open Their Homes?


Summary

There is an informal network of Singaporeans who open their homes to host people in crisis who need a place to stay (like Clifford did for Dev in this story   

 • I Shared My Home ...   ). These hosts complement conventional shelters and institutions when, for example, all beds are full or the person-in-crisis would do better in a home environment.

The Open Home Network https://www.solvenplus.one/ohn  seeks to make the hosting experience less daunting by providing matching, screening and advisory services. It is hoping to recruit more volunteers to help tackle housing insecurity in Singapore. 

[Post 716] Market Summary for 4/21/2023

 Market summary for today

S&P 500 (SPY) +0.07%NASDAQ (QQQ) +0.12%Dow (DIA) +0.05%Russell 2K (IWM) +0.13%

Top news for today

GOP Congressman's New Bill Aims To Overturn Firearm Ban For Cannabis Consumers
Florida Congressman Brian Mast recently introduced the Gun Rights and Marijuana (GRAM) Act with the hope of allowing consumers in legal states to be eligible to buy and possess firearms — something currently barred u (2:00pm ET)
Jesus, God And Satan Have Blue Checkmarks But The Pope Loses His: The State Of Elon Musk's Twitter
Since taking over social media platform Twitter, new owner and CEO Elon Musk has put forth many changes, including the Twitter Blue subscription program. (1:11pm ET)
Alyssa Milano — Even Elmo — React To Elon Musk's Twitter Changes: 'We Are Officially Blue Check Mark Free'
Since taking over social media platform Twitter, new owner and CEO Elon Musk has put forth many changes. (11:52am ET)
Did This State's Medical Marijuana Hopes Go Up In Smoke? Bill On Back Burner Until 2024
As states celebrated cannabis on 4/20 this week, South Carolina's push for legalizing medical marijuana seems to have hit a wall. (11:35am ET)
Fetterman Celebrates 4/20, Praises Pittsburgh Medical Marijuana Workers Looking Unionize
Pennsylvania freshman senator and one of the loudest cannabis allies, John Fetterman, has once again shown support for cannabis policy reform. On Thursday, the former Lieutenant Governor of the Keystone State tweeted a photo of him holding a flag bearing the phrase, "It's 420 somewhere." (11:16am ET)
SpaceX Starship Launch 'Still A Success' Says Analyst, Despite Rocket Exploding After Takeoff
On Thursday, SpaceX conducted the first-ever test launch of its Starship spacecraft aboard a Super Heavy rocket. Unfortunately, the rocket exploded less than four minutes after takeoff. (10:50am ET)
Cannabis At The Capitol: Schumer Vows To 'Work Like Hell' On Legalization, Merkley Optimistic About SAFE Act
Senate Majority Leader Chuck Schumer presided over a cannabis policy forum in the Capitol Visitors Center of the Congressional Auditorium on April 20 — an unofficial weed holiday. (10:16am ET)
Here's Where To Buy Legal Weed: 4 New Stores Launch Cannabis Sales In Week Of 4/20
As another 4/20 passes, peruse this list of stores that celebrated cannabis this week with new storefronts. (9:07am ET)
'Rich Dad, Poor Dad' Author Says 'People's Money' Bitcoin On Its Way To $100K
Bitcoin's (CRYPTO: BTC) ascent over the years was observed by the "Rich Dad, Poor Dad" author Robert Kiyosaki who developed an affection for the apex coin. (7:20am ET)
Procter & Gamble Q3 Adj. EPS $1.37 Beats $1.32 Estimate, Sales $20.07B Beat $19.29B Estimate
Procter & Gamble (NYSE:PG) reported quarterly earnings of $1.37 per share which beat the analyst consensus estimate of $1.32 by 3.79 percent. This is a 3.01 percent increase over earnings of $1.33 per share from the same (6:56am ET)
My top 1 mover for today
My favorite companies with biggest relative price change today. Prices from IEXGo to my dashboard.
CompanyPrev CloseCloseChange
AAPL$166.65$165.00-0.99%
My news for today
Selected news for my favorite companies.
TickerTitle
AAPLVideo Game CEO Who Challenged Apple Gives His Best Advice (4:15pm)
AAPL10 Information Technology Stocks Whale Activity In Today's Session (1:35pm)
AAPL'Rivian developing 'Apple Watch as a key' feature, native Apple Music integration' - 9 To 5 Mac (12:06pm)
AAPLCheck Out What Whales Are Doing With AAPL (10:01am)
AAPLA Daily Journal For iPhone: Apple Weighs Day One-Like Health App For iPhone Users (9:44am)
AAPLBenzinga Pro's Top 10 Stocks To Watch For Friday, April 21, 2023: AAPL, AMZN, AMD, SBUX, CS, F, QCOM, XOM, KO, EBAY (8:59am)
AAPLTech YouTuber Splurges $40K To Buy Sealed Original iPhone — But Was It Authentic? (7:48am)
AAPLHot On Spotify's Heels, BeReal Seems To Be Striking A Chord With Apple Music Integration (6:09am)
Top institutional trades filed today
Beneficial ownership from 13D and 13G filings. More on CapEdge.
D/GCompanyFiled ByTradedSharesPrevPrice
DCENSaba Capital ManagementApr 1921.55%23.09%$18.7
GBLUEPartner Fund ManagementApr 115.7%0%$2.99
GGSMGShah Capital ManagementApr 2013.2%10.2%$0.6025
DTGGamco InvestorsApr 2011.3%10.37%$9.11
DATIPKnighthead Capital ManagementApr 178.56%8.36%$0.279
DIEPIcahn Carl C Et AlApr 1972.59%73.15%$51.94
DPSHGMango ShippingFeb 1767%0%$2.69
DGDTCChee Kong ChooApr 1442.54%0%$4
DATHMYun Chen Capital CaymanApr 1244.8%45%$29.31
DBFIJohn Rosatti Revocable TrustApr 1416.3%18.1%$1.2
Top insider trades filed today
Direct and active (not through a 10b5-1 plan) trades. More on CapEdge.
ActionCompanyPeopleSharesPriceTotal
SellBLK135.80 k$695.32$24.86 mm
SellK1100.00 k$67.14$6.71 mm
SellGSHD1100.00 k$55.22$5.52 mm
SellKR125.00 k$47.49$1.19 mm
SellJBHT24.96 k$180.32$894.10 k
SellCOUR175.00 k$10.47$786.79 k
BuyRMAX129.33 k$18.66$547.91 k
BuySFBS25.02 k$49.71$249.78 k
SellRENT284.35 k$2.89$243.50 k
SellTALS168.74 k$2.24$156.37 k