Sales & Marketing news

• Top Stories this AM: Caitlyn Jenner takes a page from Trump's book; in-flight unruliness will cost you; the WEF is called off, again

  18-05-2021 13:00 via feedproxy.google.com
  
  Good morning and welcome to your weekday morning roundup of the top stories you need to know.For more daily and weekly briefings, sign up for our newsletters here.What's going on today:Venmo is blocking some payments mentioning Palestinian relief funds. The company says it's following the law. Venmo said it was trying to avoid running afoul of US sanction laws. But users say Venmo blocked transactions to legitimate charities. Caitlyn Jenner is taking a page from the Trump playbook by including p
  
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• The Bidens made $607,000 last year, their tax returns show. That's $300,000 less than 2019, in part because they gave up speaking engagements during the election.

  18-05-2021 12:50 via feedproxy.google.com
  
  Joe and Jill Biden earned significantly less in 2020 compared to 2019
  Melina Mara / Pool: Getty Images
  President Joe Biden and First Lady Jill Biden earned $607,336 in 2020, down by more than a third from 2019, new tax returns show.
  Vice President Kamala Harris and husband Doug Emhoff also earned significantly less in 2020, as Emhoff left his law firm.
  Both Biden and Harris would pay more taxes under Biden's proposals to expand social security.
  See more stories on Insider's business page.
  Presi
  
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• Lawyer for Joel Greenberg, the Matt Gaetz associate, teased 'must-see television' when asked if his client had information that could hurt an elected official

  18-05-2021 12:39 via feedproxy.google.com
  
  Rep. Matt Gaetz.
  AP
  Joel Greenberg pleaded guilty to six felony counts and agreed to cooperate with prosecutors Monday.
  Greenberg's deal is bad news for Rep. Matt Gaetz, though Gaetz hasn't been charged and maintains innocence.
  Greenberg's lawyer teased when asked if his client had info that could hurt an elected official.
  See more stories on Insider's business page.
  A lawyer for the associate of Rep. Matt Gaetz, who on Monday pleaded guilty to six felony counts and agreed to cooperate fully wi
  
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• 'Big Short' investor Michael Burry bet on Tesla stock to tumble and inflation to crush long-dated bonds. Here's what he bought and sold last quarter.

  18-05-2021 12:32 via feedproxy.google.com
  Michael Burry.
  Bloomberg TVMichael Burry bet on Tesla stock to fall and inflation to hammer long-dated bonds."The Big Short" investor sold Wells Fargo and reinvested in CVS Health last quarter.Burry's Scion fund exited 15 out of 23 holdings, and added 18 new names to its portfolio.See more stories on Insider's business page.Michael Burry bet against Elon Musk's Tesla last quarter, and backed up his warnings of higher inflation with a slew of bets against Treasury bonds, a portfolio update revea
  
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• A Tesla running on Autopilot smashed into a deputy's patrol vehicle in Washington state, police say, causing 'significant damage'

  18-05-2021 12:25 via feedproxy.google.com
  
  Tesla CEO Elon Musk versus the deputy's patrol vehicle damaged by the Tesla on Autopilot
  Snohomish County Sheriff's Office / FREDERIC J. BROWN/AFP via Getty Images
  A Tesla collided with a Washington state deputy's patrol car on Saturday.
  Police say the Tesla Model S was operating under Autopilot, Tesla's driver-assist software.
  No one was hurt, but there was "significant damage" to the deputy's car, the Snohomish County sheriff's office said.
  See more stories on Insider's business page.
  A Tesla
  
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• Elon Musk is no longer the world's 2nd-richest person after Tesla shares lost a quarter in value since January

  18-05-2021 12:23 via feedproxy.google.com
  Tesla CEO Elon Musk.
  Chris Saucedo/Getty Images for SXSW
  Elon Musk fell from his rank as the world's second-richest person to third place on Monday.
  LVMH chairman Bernard Arnault, with a fortune of $161.2 billion, overtook the Tesla billionaire.
  Tesla's stock has tumbled 24% from its January high, causing a 35% drop in its market cap.
  Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
  Elon Musk lost his position as the world's second-richest person on Monday after Tesla's
  
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• A GOP-led Arizona elections board called the state's vote recount a 'sham' and 'grift disguised as an audit'

  18-05-2021 12:09 via feedproxy.google.com
  
  Contractors working for Cyber Ninjas, who was hired by the Arizona State Senate, examining and recounting ballots from the 2020 election in Phoenix, Arizona.
  Courtney Pedroza for the Washington Post
  An Arizona elections board has described the vote recount as a "circus" that weakens democracy.The recount of the 2020 election ballots was backed by Trump, who maintains votes were stolen from him.
  Observers said the auditors in the recount were seeking to prove conspiracy theories.
  See more storie
  
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• Mike Novogratz says bitcoin will be stuck around $45,000 for weeks after Elon Musk's tweets - but says ether is having a moment

  18-05-2021 12:06 via feedproxy.google.com
  Mike Novogratz is a leading figure in the bitcoin investment community.
  Lucas Jackson/Reuters
  Mike Novogratz said bitcoin will be stuck somewhere between $40,000 and $50,000 for up to six weeks.
  Bitcoin has tumbled around 30% from record highs after Elon Musk criticized the token's energy use.
  Novogratz told Bloomberg that Ethereum's ether is "having a moment" and has many use cases.
  Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
  Billionaire crypto investor Mike Novog
  
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• Goldman poaches Uber engineering exec to lead consumer biz

  18-05-2021 11:50 via feedproxy.google.com
  
  Wall Street's Famous Bull
  Brendan McDermid/REUTERSGood morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:Goldman Sachs took a big step to replenish talent in its consumer business by nabbing an Uber engineering exec to lead the group. Insurance giant Prudential is following in the footsteps of PayPal and Chobani to analyze its employee benefits and comp.PJ Solomon's CEO details the boutique investment bank's plans for a hybrid work model. If you'
  
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• Cadbury's 99 Flakes are running low in the UK and Ireland thanks to surging demand for the iconic ice-cream topping

  18-05-2021 11:43 via feedproxy.google.com
  
  The iconic 99 Flake ice cream cone.
  PYMCA/Universal Images Group via Getty Images
  Ice-cream sellers in the UK and Ireland are struggling to get hold of Cadbury's 99 Flakes.
  The Flake, a thin bar of folded chocolate, is a popular topping for a soft-serve ice cream cone.Cadbury's owner confirmed that it has having supply issues thanks to an unexpected spike in demand.See more stories on Insider's business page.
  The UK and Ireland's most iconic soft-serve ice cream combo, known as the 99 Flake, co
  
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• Amazon is reportedly negotiating to acquire MGM, the studio behind James Bond and Rocky, for about $9 billion

  18-05-2021 11:15 via feedproxy.google.com
  
  Daniel Craig as James Bond in "No Time to Die."
  MGM
  Amazon is negotiating to acquire MGM Studios for about $9 billion, Variety reported.
  MGM Holdings has been exploring a sale since at least December.
  A sale would point to Amazon expanding its Prime streaming library to include MGM's content.
  See more stories on Insider's business page.
  Amazon has been in negotiations to acquire MGM for about $9 billion, Variety reported Monday.Industry sources told the news outlet that the tech giant had been
  
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• 10 Things in Politics: You fund Trump's post-White House office

  18-05-2021 11:12 via feedproxy.google.com
  
  Good morning! Welcome back to 10 Things in Politics, your weekday look at the biggest stories in DC and beyond. Sign up here to receive this newsletter.Send tips to [email protected] or tweet me at @BrentGriffiths.Here's what we're talking about:SCOOP: Documents reveal how Trump is spending taxpayer money on his postpresidential officesBiden calls for a cease-fire as Israeli-Palestinian fighting worsensOne of Biden's biggest challenges may be rooting out extremists in federal law enforcemen
  
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• Nearly every US state is dropping mask mandates for fully vaccinated people following new CDC guidelines. Here are the current rules in different states.

  18-05-2021 10:55 via feedproxy.google.com
  
  New York Gov. Andrew Cuomo.
  Lev Radin/Pacific Press/LightRocket via Getty Images
  The CDC said Thursday that fully vaccinated Americans don't need a mask in most spaces, including indoors.
  But states can ultimately decide their own rules on mask wearing.
  Most states relaxed their mask rules, while a few, including California, said they would relax them soon.
  See more stories on Insider's business page.
  Fully vaccinated Americans no longer need to wear a mask outside or in most indoor spaces, the
  
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• CVS, Walmart, Costco, Target, and others are dropping mask mandates for fully vaccinated customers. Here's how retailers are responding to new CDC guidelines.

  18-05-2021 10:53 via feedproxy.google.com
  
  Shoppers wearing masks at a Walmart store in North Brunswick, New Jersey, in July.
  REUTERS/Eduardo Munoz
  The CDC relaxed its guidelines for wearing masks indoors and outdoors for fully vaccinated people.
  Some companies, including Macy's and Kroger, have said workers and customers still need to wear masks.
  But Walmart, Costco, and others have dropped their mask mandates. States can still set their own rules.
  See more stories on Insider's business page.
  The Centers for Disease Control and Prevent
  
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• Israeli airstrikes wrecked the only coronavirus testing lab in Gaza

  18-05-2021 10:49 via feedproxy.google.com
  
  Fire and smoke rise above buildings in Gaza City after strikes from Israel on May 18, 2021.
  Majdi Fathi/NurPhoto via Getty Images
  Gaza's only COVID-19 testing facility was damaged by Israeli airstrikes on Monday, officials said.
  The clinic was damaged when a nearby building was hit, forcing it to stop conducting tests.
  Gaza already has a high rate of positive coronavirus test, and a low vaccination rate.
  See more stories on Insider's business page.
  Israel's airstrikes damaged the only coronavir
  
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• Global stocks rise after Fed officials suggest inflationary pressures will be temporary

  18-05-2021 10:11 via feedproxy.google.com
  Drew Angerer/Getty Images
  Global stocks edged higher on Tuesday after Fed speakers calmed inflation fears.
  The UK jobs market seems to be recovering as the unemployment rated dropped unexpectedly.
  Asian markets are taking their lead from the recovery being seen in US and Europe.
  Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
  Global stocks rose on Tuesday after Federal Reserve speakers struck an overall dovish tone and suggested inflationary pressures would be short-liv
  
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• The UK unemployment rate dropped to 4.8% in the first quarter as the country prepared to reopen from lockdown

  18-05-2021 09:08 via feedproxy.google.com
  Coronavirus restrictions were eased slightly in the UK in March.
  Getty
  The UK unemployment rate fell to 4.8% in the first quarter, down from 5.1% at the end of 2020.
  Britain is on track to lift all restrictions in June, thanks in part to its rapid vaccine rollout.
  The government's wage-subsidy scheme, known as furlough, has prevented steep job losses.
  Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
  The UK unemployment rate fell to 4.8% in the first three months of the
  
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• Venmo is blocking some payments mentioning Palestinian relief funds. The company says it's following the law.

  18-05-2021 06:26 via feedproxy.google.com
  
  In this photo illustration the Venmo - Share Payments logo seen displayed on a smartphone.
  Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images
  Venmo users say the company is blocking some transactions that mention Palestine-related keywords.
  Venmo told Insider it's trying to avoid running afoul of US sanctions laws.
  But the PayPal-owned company wouldn't say what caused it to suspend payments.
  See more stories on Insider's business page.
  Some Venmo users are reporting
  
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• Amazon exec Dave Clark pushed USPS to install mailbox now at center of union election controversy

  18-05-2021 04:07 via feedproxy.google.com
  
  The mailbox outside the Amazon warehouse in Bessemer.
  RWDSU
  Amazon exec Dave Clark pushed for a controversial mailbox used in a recent union election, Bloomberg reported.
  Amazon pressed USPS to install the box, which the union claimed may have intimidated voters.
  The union has challenged the election results to the NLRB. Amazon has denied any wrongdoing.
  See more stories on Insider's business page.
  Amazon consumer CEO Dave Clark led the company's push to persuade the US Postal Service to instal
  
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• The crypto market has lost 23% of its value in just the last 5 days

  18-05-2021 03:32 via feedproxy.google.com
  Getty Images AsiaPac
  The market capitalization of global cryptocurrencies has dropped by 23% in just the last five days, according to data on CoinMarketCap.
  Bitcoin has fallen roughly 35% since hitting all-time high in mid-April as comments.
  Tesla CEO Elon Musk has been responsible for recent swings in the cryptocurrency as he laments the amount of energy used to mine.
  See more stories on Insider's business page.
  The value of the cryptocurrency market has slid by 23% in just the last five days.
  
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• Caitlyn Jenner is using a campaign fundraising trick from Trump's playbook that commits donors to recurring payments

  18-05-2021 02:56 via feedproxy.google.com
  
  Caitlyn Jenner speaks at the 4th annual Women's March LA: Women Rising at Pershing Square on January 18, 2020 in Los Angeles, California.
  Chelsea Guglielmino/Getty Image
  Donors to Trump's election campaign were hit with pre-checked recurring monthly donations.The campaign tactic has been denounced by election officials.The tactic is now being used by California gubernatorial candidates Caitlyn Jenner and Doug Ose.See more stories on Insider's business page.
  Caitlyn Jenner, a gubernatorial candi
  
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• Manchin, Murkowski for bipartisan support to reauthorize the Voting Rights Act. Bill needs 9 more GOP votes to pass in the Senate.

  18-05-2021 02:52 via feedproxy.google.com
  
  Sen. Lisa Murkowski, a Republican of Alaska confers with Sen. Joe Manchin, a West Virginia Democrat, during the confirmation hearing for Secretary of Energy nominee Jennifer Granholm before the Senate Committee on Energy and Natural Resources on Capitol Hill January 27, 2021 in Washington, DC. Granholm was Governor of Michigan from 2003-2011.
  Photo by Graeme Jennings-Pool/Getty Images
  Sens. Murkowski and Manchin called for bipartisan support for voting rights legislation on Monday.
  In a letter
  
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• White House issue subtle dig at Trump over unreleased tax returns, saying Biden and Harris releasing their 2020 tax returns is an 'almost uninterrupted' tradition

  18-05-2021 02:20 via feedproxy.google.com
  
  White House
  The first and second families released their 2020 tax returns on Monday.
  The press release accompanying the returns included a dig at former President Donald Trump.
  Trump did not release his tax returns during his four years in office.
  See more stories on Insider's business page.
  President Joe Biden and Vice President Kamala Harris released their 2020 tax returns on Monday. The press release made a subtle dig at former President Donald Trump, pointing out that the Biden administratio
  
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• The Trump Justice Department tried forcing Twitter to reveal the identity of a Devin Nunes parody account

  18-05-2021 01:56 via feedproxy.google.com
  
  In this Oct. 19, 2018 file photo, President Donald Trump speaks during a ceremony to sign a "Presidential Memorandum Promoting the Reliable Supply and Delivery of Water in the West," Friday, Oct. 19, 2018, in Scottsdale, Ariz.. Standing behind the president is Rep. Devin Nunes, R-Calif.
  AP Photo/Carolyn Kaster
  The Trump Department of Justice tried to force Twitter to say who was behind the account, @NunesAlt.
  The account makes fun of Rep. Devin Nunes, a California Republican and Trump loyalist.
  
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• The potential effects of the Supreme Court's abortion case are 'really disturbing,' especially for low-income women and women of color, a lawyer on the case says

  18-05-2021 01:49 via feedproxy.google.com
  
  Pro-choice activists hold signs alongside anti-abortion activists participating in the "March for Life," an annual event to mark the anniversary of the 1973 Supreme Court case Roe v. Wade, which legalized abortion in the US, outside the US Supreme Court in Washington, DC, January 18, 2019.
  SAUL LOEB/AFP via Getty Images
  The US Supreme Court on Monday said it would hear a case about a Mississippi abortion law.
  The ruling could have a "disturbing" impact on access to abortion, lawyer Rob McDuff t
  
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• FAA proposes combined $100,000 in fines for 4 unruly plane passengers, including man who tried to enter the cockpit

  18-05-2021 01:40 via feedproxy.google.com
  
  A flight attendant.
  Adnan Abidi/Reuters
  The FAA announced four civil penalties against passengers totaling more than $100,000 on Monday.
  The proposed fines stem from incidents of unruly and/or dangerous passenger behavior in recent months.
  The fines range in amount from $9,000 to $52,500.
  See more stories on Insider's business page.
  Misbehaving in the air may cost delinquents a hefty price as the Federal Aviation Administration cracks down on misconduct amid a surge of troubling episodes in rec
  
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• A sun-skimming spacecraft captured video of a massive plasma eruption on the solar surface for the first time

  18-05-2021 01:24 via feedproxy.google.com
  
  An artist's impression of the Solar Orbiter observing an eruption on the sun.
  ESA/AOES
  The Solar Orbiter spacecraft captured video of two solar eruptions for the first time.
  These coronal mass ejections from the sun can cause hazardous electrical storms on Earth.
  NASA and the European Space Agency launched the Solar Orbiter to study these explosions.
  See more stories on Insider's business page.
  The sun is constantly bubbling and bursting. If eruptions on its surface are big enough, they can sen
  
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• Tesla 'under review' by California DMV over whether it misleads consumers with 'full self-driving' claims

  18-05-2021 00:34 via feedproxy.google.com
  
  Maja Hitij/Getty Images
  California's DMV is probing whether Tesla's "self-driving" claims broke state law, the LA Times first reported.
  Tesla calls its $10,000 driver-assistance software "full self-driving" - it is not.
  Amid a number of Tesla crashes, the technology is coming under increasing scrutiny.
  See more stories on Insider's business page.
  The California Department of Motor Vehicles is looking into whether Tesla illegally misleads consumers with its claims about its "full-self driving" te
  
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• The 11 best Airbnbs in Key West from charming cottages close to Duval Street to tranquil stays on private beaches

  18-05-2021 00:20 via feedproxy.google.com
  
  If you buy through our links, we may earn money from affiliate partners. Learn more.Airbnb
  Key West is one of the most popular US destinations thanks to its laid-back, tropical vibe.Its stunning beaches are family-friendly, but it's equally great for couples and solo travelers.We rounded up the best Airbnbs in Key West, ranging in price from $147 to $513 per night.
  As a long-term Florida resident, my family and I love to take the three-hour road trip down from Miami to Key West. It's one of thos
  
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• Apple has stored the data of thousands of customers on Chinese servers and censored apps to please the government that controls most of its supply chain, the New York Times reports

  18-05-2021 00:13 via feedproxy.google.com
  
  Apple CEO Tim Cook.
  AP Photo/Richard Drew
  Apple has catered to China's government as it relies on the country's supply chain, the NYT reports.
  Tim Cook approved using servers run by Chinese firms to store customer data, company sources told the NYT.
  That would make it easy for authorities to access the information of millions of Chinese citizens.
  See more stories on Insider's business page.
  Apple has increasingly bowed to China's demands as it relies more heavily on its supply chain, which it b
  
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• WarnerMedia staffers are bracing for the AT&T spinoff

  18-05-2021 00:03 via feedproxy.google.com
  
  Hi and welcome to Insider Advertising for May 18. I'm senior advertising reporter Lauren Johnson, and here's what's going on:Inside AT&T's spin off of WarnerMedia.Cision faces lawsuit.Vrbo's ad battle against Airbnb.If this email was forwarded to you, sign up here for your daily insider's guide to advertising and media.Tips, comments, suggestions? Drop me a line at [email protected] or on Twitter at @LaurenJohnson.
  David Zaslav, chief executive officer of Discovery Communications, arrives
  
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