Monthly Archives: August 2022

Russia appears to be promising ‘lucrative cash bonuses’ to troops who deploy to Ukraine in a new combat unit, UK intel alleges

Russian troops guard an entrance of the Kakhovka Hydroelectric Station on the Dnieper River in Kherson region, southern Ukraine, on May 20, 2022. AP Photo Russia appears to be offering ‘lucrative cash bonuses’ to soldiers who deploy to Ukraine, UK intel suggested on Wednesday.  The incentives come as enthusiasm for volunteering in Putin’s war drops….

Restaurant and hotel workers are the surprising winners of the war between wages and inflation — and the industry is still hiring like crazy

A bellman waits for residents at the Plaza Residences on Central Park South on April 02, 2020 in New York City. Bruce Bennett/Getty Images Leisure and hospitality workers are the only sector to have wages outpace inflation in the past year. The sector’s real wages are up 0.2% since July 2021, according to government data….

Execs at Citi, Schneider Electric, and IBM want bankers, electricians, and data whizzes with green skills

Panelists for Insider’s “Equipping Generations to Make a Sustainable Future Possible” event Insider The transition to a greener economy could create millions of new jobs and demands new skills. IBM, Citi and Schneider Electric are training employees to carry out climate and social goals. The conversation was part of Insider’s virtual event “Equipping Generations to…

Jeff Bezos, Bill Gates, and other billionaires are backing an exploration for rare minerals buried beneath Greenland’s ice

A drop of water falls off an iceberg melting in the Nuup Kangerlua Fjord in southwestern Greenland, August 1, 2017. David Goldman/AP Photo Jeff Bezos and Bill Gates are among a group of billionaires backing a mineral exploration startup. KoBold Metals wants to mine minerals in Greenland that can be used to power electric car…

Hedge funds may have to disclose cryptocurrency exposure via confidential filings that regulators use to spot bubbles and other threats to financial stability

SEC Chairman Gary Gensler. Evelyn Hockstein-Pool/Getty Images Regulators want hedge funds to disclose their cryptocurrency exposure via confidential filings.  Form PF was designed in response to the 2008 financial crisis to better identify potential risks to market stability. The Securities and Exchange Commission and the Commodity Futures Trading Commission are expected to issue a proposal…

Investors are betting there’s a 60% chance of a smaller Fed rate hike in September after July inflation cooled

Federal Reserve Chairman Jerome Powell. ANDREW CABALLERO-REYNOLDS/Getty Images Investors on Wednesday were betting the Fed will dial back on rate hikes next month after July’s CPI reading.  The CME FedWatch tool showed a 41.5% probability of a September rate increase of 75 basis points, coming down from 68% on Tuesday.  The US Dollar Index was…

Duet Display’s second screen app is now available for Meta Portal devices

Meta is making its Portal smart displays more useful to remote workers. Starting today, you can use the Portal Go and second-generation Portal Plus as a second screen for your Mac or Windows PC. The new functionality comes courtesy of Duet Display, the app that inspired Apple’s Sidecar feature in macOS Catalina. Normally, you would…

A fifth of US teens use YouTube ‘almost constantly,’ with TikTok not far behind

Pew Research has published a new report that examines social media usage trends among US teens. The organization found that a whopping 95 percent of them use YouTube, while 19 percent are on the platform “almost constantly.” Perhaps unsurprisingly, two-thirds (67 percent) said they used TikTok, with 16 percent claiming they are on the app…