Monthly Archives: October 2022

Slack says hybrid working is here to stay, and attitudes need to change

A new report from Slack has claimed many workplace leaders are feeling the pressure of the “new normal”, and are leaning back on “old habits” to compensate. The collaboration tool provider surveyed more than 10,000 office workers in the US, Australia, UK, France, Germany, and Japan for the October 2022 issue of its quarterly Future…

Parasite Eve could be the next horror game series to get a revival

A trademark listing suggests that Parasite Eve, Square’s stylish action-horror series, could be set for a revival – and I couldn’t be happier. As reported by Gematsu, Square Enix, the conglomerate successor to Square, filed a trademark for “Symbiogenesis” on October 13 in Japan. While the trademark covers merchandise, software, and peripherals (which a lot…

Economic uncertainty takes center stage at Money20/20 startup competition

Panel: America’s Got Access: A New Startup Pitch Competition Focused on Doing Good Judges: Dan Rosen, Commerce Ventures; Scarlett Sieber, Money20/20; Charles Hudson, Precursor Ventures; Sherri Haymond, Mastercard. The news: Nine early stage startup founders took the stage on the opening day of Money20/20 to fight for a shot at a $100,000 investment and stage time in front of an audience of venture capital…

Rishi Sunak, the new UK prime minister, is yet another Goldman Sachs alumnus

Dan Kitwood/Getty Images Rishi Sunak, the new UK prime minister, once worked as a junior analyst at Goldman Sachs in London. He spent around three years at the bank, covering US stocks including railways and media, the FT reported. Sunak also worked at one hedge fund and cofounded another before getting into politics. Rishi Sunak,…

Court rules CFPB’s funding structure is unconstitutional, potentially stripping it of its authority

The news: New Orleans-based 5th U.S. Circuit Court of Appeals ruled the Consumer Financial Protection Bureau’s (CFPB) funding structure unconstitutional, per Banking Dive. A divided response: In most cases, federal agencies are funded by annual appropriations from Congress. This ruling hinges on the CFPB receiving its funding from the Federal Reserve, which isn’t funded via appropriation. The court’s verdict has…

Larry Summers has his eye on the plunging yen, as investors puzzle over Japan’s latest move in the reverse currency war

Markets should keep a close eye on the plunging Japanese yen, former Treasury Secretary Larry Summers said last week. Michel Euler/AP Photo  Former Treasury Secretary Larry Summers is closely watching Japan’s falling yen. The Japanese currency is still sliding despite recent official interventions to stem the selloff. “If Japanese interest rates start to change, that…

Russian jets have crashed into apartment buildings twice in less than a week, highlighting Putin’s military struggles at home and abroad

Russian Sukhoi SU-30 SM military aircraft perform during the MAKS-2017 International Aviation and Space Salon in Zhukovsky, Moscow Region, Russia, on July 19, 2017. Sefa Karacan/Anadolu Agency/Getty Images A Russian warplane crashed in Siberia on Sunday, killing both pilots. The crash was the second time in less than a week a Russian military aircraft slammed…

A midterm election rally in the stock market is unlikely this year as the Fed’s rate hikes and recession risk weigh on investors, BlackRock says

Lucas Jackson/Reuters Stocks usually rally after midterm elections as political gridlock is often the result, preventing big policy swings that scare investors. But a rally after this midterm cycle is unlikely as the Fed’s aggressive rate hikes have raised the odds of a recession, BlackRock said. “We see a bigger problem for stocks than any…