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Apollo CEO talks culture - Credit Suisse’s talent exodus - PayPal considers Pinterest purchase

Hi, and welcome to Insider Finance. This is deputy editor Meredith Mazzilli. Some news before we dive in: This is the second-to-last edition before our newsletter goes on hiatus. Thank you so much for reading. You can keep up with the latest scoops and inside stories in the meantime by following the team on Twitter @FinanceInsider. And check out "Insider Exclusives," our email alerts that deliver must-know intel to your inbox - you can sign up here by topic.Insider will be in touch soon with som...
Tags: Pinterest, Trends, Bloomberg, Paypal, Credit Suisse, Goldman Sachs, Mozambique, Amex, Goldman, Blackstone, Jamie Dimon, Rowan, Arnd Wiegmann Reuters, Meredith Mazzilli, Marc Rowan, Jacobs Stock Photography Ltd


Ex-Trump aide who founded 'free speech' app GETTR says he couldn't come to a deal with Trump, who has just announced a new social platform of his own

Jason Miller, Senior Adviser to the Trump 2020 re-election campaign, appears for the second impeachment trial of former President Donald Trump in the Senate, at the Capitol in Washington, on Feb. 9, 2021. AP Photo/Andrew Harnik, File Donald Trump announced plans Wednesday to launch a new social media site called TRUTH Social. Former Trump spokesperson Jason Miller said the two were unable to reach a deal on a platform. Miller left his Trump role to launch the "free speech" app GETTR, which...
Tags: Facebook, Politics, Washington, Senate, Trends, Bloomberg, Donald Trump, Miller, Trump, Capitol, Jennifer Jacobs, Jason Miller, Tech Insider, Kelsey Vlamis, Gettr, Gettr Trump


Apple Requiring Unvaccinated Corporate Employees to Be Tested for COVID-19 Daily

Apple corporate employees who are unvaccinated or who have not shared their vaccination status with Apple will need to undergo a COVID-19 test each time they come into the office, reports Bloomberg. An employee going into the office on a daily basis would need to be tested each day of the week under the new rules. Apple is still stopping short of implementing a vaccine mandate that would require employees to be vaccinated to return to the office. Apple corporate employees that have been vacci...
Tags: Apple, Bloomberg, Biden, Apple Park, Bloomberg An, COVID-19 Coronavirus, Apple Park COVID


Apple Designing More Functional Products Since Jony Ive's Departure, Argues Bloomberg Reporter

Apple's product design has improved since former design chief Jony Ive left the company in 2019, according to an opinion column by Bloomberg reporter Alex Webb. Webb believes that Apple has reemphasized function over form since Ive's departure. For example, while the design of the previous Siri Remote for the Apple TV made it easy to pick up the remote upside down by accident, a new Siri Remote was released in May with an improved design and added power and mute buttons for a TV. There's als...
Tags: Apple, Bloomberg, Jony Ive, Webb, Ive, Siri Remote, LoveFrom Apple, Alex Webb Webb, Apple Webb, Departure Argues Bloomberg


Another bitcoin-futures ETF is slated to start trading in October

Bitcoin notched a new all-time high above $66,000 on Wednesday. Edward Smith/Getty Images VanEck looks ready to launch its bitcoin-futures ETF next week under the ticker "XBTF," according to an SEC filing. VanEck's Bitcoin Strategy ETF will begin trading after October 23, suggesting the launch could be on Monday, October 25. ProShares on Tuesday was the first to launch a bitcoin-futures ETF. Asset management firm VanEck looks set next week to launch an exchange-traded fund tied to b...
Tags: Trends, Markets, Bloomberg, SEC, Commodity Futures Trading Commission, Cryptocurrencies, Securities And Exchange Commission, CME Group, ETF, Carla Mozee, VanEck, Bitcoin Price, MI Exclusive, Cboe BZX Exchange, Bitcoin Futures Etf, Edward Smith Getty Images VanEck


Janet Yellen is optimistic the US will still hit full employment next year, even though Delta crushed the hiring recovery

Treasury Secretary Janet Yellen attends the House Financial Services Committee hearing in Washington on September 30, 2021. Al Drago/Pool/Reuters The US is still on track to reach full employment "next year," Treasury Sec. Janet Yellen said on MSNBC. The unemployment rate fell to 4.8% in September, closing in on its pre-pandemic low of 3.5%. Yet Americans are quitting their jobs at a record pace, and the labor shortage has slowed the pace of hiring. Don't worry about the last few jobs ...
Tags: Washington, White House, US, Trends, Bloomberg, Joe Biden, Delta, Treasury, Janet Yellen, Federal Reserve, Msnbc, Yellen, Don, House Financial Services Committee, Stephanie Ruhle, Ben Winck


Pinterest shares soar amid reports of $39bn takeover by PayPal

Pinterest approached about possible deal, Bloomberg reportsFinancial firm PayPal has benefited from online shopping boom​​PayPal is reportedly exploring the acquisition of social media company Pinterest, according to Bloomberg News.PayPal, the financial technology company based in San Jose, California, recently approached Pinterest about a potential deal that would value Pinterest at roughly $39bn, according to Bloomberg. The price is close to its market value on Wednesday. PayPal has a market c...
Tags: Business, Technology, Media, Pinterest, Internet, Social Media, Bloomberg, World news, US news, Paypal, Mergers, Mergers and Acquisitions, Acquisitions And Funding, San Jose California, Bloomberg News PayPal


McConnell Shows Value Of Strategy And Tactics

McConnell Shows Value Of Strategy And Tactics iStock-495755592 United States – -(AmmoLand.com)- Second Amendment supporters could do themselves a big favor by studying the way Mitch McConnell has managed to render Chuck Schumer’s hopes deader than a doornail. In the fight for our rights, it never hurts to study the good tacticians. When discussing McConnell’s re-election bid last year, we noted his long track record in support of our Second Amendment rights, and his fight against various camp...
Tags: Guns, Supreme Court, Senate, Reagan, Bloomberg, United States, Maine, Gun Control, Mitch McConnell, Biden, Gun Rights, Harold, Schumer, Angus King, Manchin, McConnell


Women flocked to the stock market during COVID. They include one who overheard a conversation about Wall Street Bets and another who lost her home in 2008.

US politicians often place major bets on Wall Street. Angela Weiss/Getty Images Angela Weiss/Getty Images The number of women investing surged amid the COVID-19 pandemic, the Washington Post reported. One woman started investing after overhearing a conversation about Wall Street Bets, the Post said. Another began her portfolio in the hopes of avoiding the financial struggles her family faced in the 2008 crisis. Women investors flooded the stock market amid the COVID-19 pandemic, as some ...
Tags: Post, Washington Post, US, Trends, Markets, Bloomberg, Reddit, Robinhood, Gamestop, Central Park, Quartz, Fidelity Investments, Ecological Society of America, Scull, Adhikari, American Progress


White truffles are in short supply due to climate change and expanding wine production, and prices are skyrocketing to as much as $5,000 a pound

Giorgio Perottino/Getty Images for Ente Fiera Internazionale del Tartufo Bianco d' Alba White truffle prices are soaring to as much as $4,950, Bloomberg reports. The price hikes are due to climate change and expanding vineyards taking over truffle habitats. Truffles are one of the world's most expensive foods because they're rare and challenging to grow. Your plate of pasta with white truffles could get a lot more expensive this fall. According to Bloomberg's Kate Krader, ...
Tags: Climate Change, France, Trends, Bloomberg, Retail, Shortages, Truffles, Expensive Food, Chefs Warehouse, Avery Hartmans, Kate Krader, Charlie Floyd, Price Hikes, Giorgio Perottino Getty, White truffles, Urbani Truffles


Pinterest soars 19% on reports PayPal is exploring acquisition of social media company for $39 billion

Pinterest CEO Ben Silbermann. REUTERS/Brendan McDermid Pinterest stock soared as much as 19% on Wednesday after reports surfaced that PayPal is exploring an acquisition of the company.Bloomberg reported that PayPal is considering buying Pinterest at $70 per share, or about $39 billion.PayPal stock fell 5% following the report, suggesting that investors have little faith in the potential deal.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Pinterest stock soared as m...
Tags: Pinterest, Trends, Markets, Bloomberg, Paypal, Mergers, Stock Market, Ben Silbermann, Movers, Matthew Fox, Pinterest stock, Pinterest Stock Price, Stock Market 2021, Paypal Stock Price, MI Exclusive, Paypal Stock


The debut of the first bitcoin futures ETF drew big demand, but retail investors mostly sat out, research firm says

ProShares Bitcoin Strategy ETF debuts on the NYSE. Photo by Spencer Platt/Getty Images Overall demand was big for the debut of the first bitcoin-futures ETF, but retail investors contributed less than institutional buyers, says Vanda Research. Retail buyers bought $7.68 million shares of the ProShares BITO ETF, behind Coinbase's launch at $57 million. Individual investors prefer buying single stocks rather than ETFs, said the firm. The first bitcoin-futures exchange-traded fund logg...
Tags: US, Trends, Markets, Bloomberg, Bitcoin, Cryptocurrencies, Coinbase, Apple Microsoft, Carla Mozee, Vanda, bitcoin ETF, Bito, Retail Investors, Vanda Research, MI Exclusive, Invesco QQQ Trust


Bitcoin hits record high above $66,000 after blockbuster ETF launch

Bitcoin Sean Gladwell Bitcoin rose as much as 3.8% to a record high of $66,560.73 on Wednesday after a strong debut for the first exchange-traded fund tracking the asset. The ProShares Bitcoin Strategy ETF saw more than 24 million shares change hands when it launched on Tuesday. This has opened the road for bitcoin to hit $80,000, Jeffrey Halley, senior market analyst at OANDA said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin climbed as much as 3.8% ...
Tags: US, Trends, Markets, Bloomberg, Bitcoin, Crypto, SEC, Btc, Cryptocurrency, Invesco, OANDA, Sotiriou, bitcoin ETF, Fundstrat, Jeffrey Halley, BTC price


2022 MacBook Air Rumors: Non-Tapered Design With Notched Mini-LED Display, MagSafe, ‘M2’ Chip, and More

Following the highly accurate leaks about the new MacBook Pros that were first reported by MacRumors, we now have clearer details and more certain expectations about the next-generation MacBook Air that Apple is working on. Here's everything we've learned in the past few months. Here Comes the Notch (Again) The next-generation ‌MacBook Air‌ will feature a notch in the display housing. This is according to Ty98, the same leaker who was first to mention the notch on the new 14-inch and 16-in...
Tags: Apple, Featured, Bloomberg, Macbook, Reddit, MacBook Air, Mark Gurman, Macbook Pro, Ming Chi Kuo, MacBook Airs, Kuo, Prosser, Staten, MacBook Pros, Gurman, Jon Prosser


Morning Docket: 10.20.21

* Lawyers who are adjusted to Zoom court have a problem going back to acoustic litigation. [Bloomberg] * Strict textualists, beware! Here’s a story on how typos can impact the law. [ABA Journal] * Steve Bannon may have to deal with criminal contempt charges based on his interactions with Congress. Since when are there consequences for one’s actions?! [MSNBC] * Trump is still trying to block the release of January 6th insurrection documents. This looks like his best legal shot at it. [CNN] * ...
Tags: Law, Congress, Bloomberg, Fox News, Msnbc, Donald Trump, ABA Journal, Trump, Morning Docket, Typos, Steve Bannon, Legal Zoom, Alex Murdaugh


China is pressing US companies like McDonalds and Visa to accept its e-yuan at the Winter Olympics: report

McDonalds Gallo Images China is pressuring US companies to accept payments in digital yuan at the Winter Olympics, according to the FT. China hopes to make the "e-yuan" available to international customers at the Beijing Winter Olympics next year. McDonalds has already started trialing digital renminbi wallets across its 270 restaurants in Shanghai. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. China is pushing big US companies like McDonald's and Visa to...
Tags: China, US, Trends, Nike, Bloomberg, Beijing, Shanghai, Mcdonalds, Financial Times, Stanford University, Visa, McDonald, People s Bank of China, Hoover Institution, CBDC, Darrell Duffie


Middle Eastern Borrowers Are on Track to Raise Record Loan Sums - Bloomberg

Middle Eastern Borrowers Are on Track to Raise Record Loan Sums - Bloomberg Companies from the Middle East and North Africa region look poised to raise record sums from loans as progress with vaccination and partial reopening of tourism spurs investment. The United Arab Emirates is among countries that have been easing travel restrictions while Saudi Arabia has been rising in Bloomberg’s latest Covid resilience rankings. Firms from the region have borrowed $103 billion of loans so far this yea...
Tags: Travel, Saudi Arabia, Bloomberg, Middle East, United Arab Emirates, North Africa, HSBC Holdings Plc, Bloomberg Companies, Rupert Neil Bumfrey, Middle East North Africa Turkey, First Abu Dhabi Bank PJSC, Fawaz Abu Sneineh, Aydın Emek Head of Loan Syndicate Distribution


#Saudi Solar Prices Surge Amid Silicon-Supply Crunch - Bloomberg

Saudi Solar Prices Surge Amid Silicon-Supply Crunch - Bloomberg Bid prices to develop Saudi Arabia’s latest round of solar-power projects rose substantially from earlier this year, underscoring how soaring panel costs are hitting the renewable-energy industry.China’s JinkoSolar Holding Company Limited submitted the lowest shortlisted offer to generate electricity from a 300-megawatt plant, according to a document on the Saudi Ministry of Energy’s website. At 1.48 cents a kilowatt-hour, it was ...
Tags: Travel, France, Saudi Arabia, China, Bloomberg, Abu Dhabi, Masdar, Rupert Neil Bumfrey, Acwa Power International, Saudi Ministry of Energy, JinkoSolar Holding Company Limited, TotalEnergies SE Riyadh


Franklin Templeton's Kronfol on Energy Deals - Bloomberg video

Franklin Templeton's Kronfol on Energy Deals - Bloomberg Dino Kronfol, Franklin Templeton CIO discusses Saudi Arabia's energy green shift. He speaks with Yousef Gamal El-Din and Manus Cranny on "Bloomberg Daybreak: Middle East." (Source: Bloomberg) [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Saudi Arabia, Bloomberg, Rupert Neil Bumfrey, Franklin Templeton, Bloomberg Daybreak, Yousef Gamal El Din, Kronfol, Energy Deals Bloomberg, Dino Kronfol Franklin Templeton


Abraham Accords Boosts Trade between #UAE & #Israel - Bloomberg video

Abraham Accords Boosts Trade between UAE & Israel - Bloomberg Between January and July of this year, trade in goods between Israel and the UAE amounted to 610 million dollars. Dov Kotler, CEO at Bank Hapoalim gives his take on how commerce between the trade partners has led to investment opportunities. He speaks with Manus Cranny and Yousef Gamal El-Din on "Bloomberg Daybreak: Middle East." (Source: Bloomberg) [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Israel, Bloomberg, Uae, Rupert Neil Bumfrey, Bank Hapoalim, Bloomberg Daybreak, Yousef Gamal El Din, UAE Israel, Israel Bloomberg, Dov Kotler


Bitcoin nears all-time highs close to $65,000 after blockbuster ETF launch

Bitcoin Sean Gladwell Bitcoin topped $64,421 Wednesday after a run-away market debut of the first futures ETF the day before. The ProShares Bitcoin Strategy ETF saw more than 24 million shares change hands when it launched on Tuesday. This has opened the road for bitcoin to hit $80,000, Jeffrey Halley, senior market analyst at OANDA said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin edged towards new all-time highs on Wednesday, as investors were enco...
Tags: US, Trends, Bloomberg, Bitcoin, SEC, Invesco, OANDA, Sotiriou, Fundstrat, Jeffrey Halley, Camomile Shumba, GlobalBlock, Marcus Sotiriou, Sean Gladwell Bitcoin


Exporters in China are raising prices by 10% or more, adding to inflation risk on top of the existing shipping crisis

Shipping containers at Nansha Port in Guangzhou. Qian Wenpan/Nanfang Daily/VCG via Getty Images Chinese exports are getting pricier on the back of higher input prices in China amid the shipping crisis. Demand is surging in the developed world as economies recover from the COVID-19 pandemic. At a trade fair in the manufacturing hub of Guangzhou, exporters are quoting double-digit increases for products, Bloomberg reports. Chinese exporters are hiking prices, injecting inflation risk into a ...
Tags: China, Southeast Asia, Trends, Bloomberg, Federal Reserve, Guangzhou, US Bureau of Labor Statistics, Jerome Powell, Nansha Port, Huileng Tan, Qian Wenpan Nanfang Daily VCG, Lyric Lian


Netflix CEO says his stance on Dave Chappelle's special hasn't changed but says he 'screwed up' in message to staff, ahead of a planned walk-out

Ted Sarandos, Netflix co-CEO & Chief Content Officer Frazer Harrison/Getty Images Netflix's co-CEO previously said content does not cause real-world harm. Ted Sarandos told outlets on Tuesday that he "screwed up" with those comments. However, Sarandos said Netflix won't remove Dave Chappelle's special. Netflix Co-CEO Ted Sarandos said he "screwed up" with his response to employees' criticism that Dave Chappelle's "Closer" special was transphobic, several outlets repo...
Tags: Entertainment, Trends, Bloomberg, Netflix, Ted Sarandos, Dave Chappelle, Variety, Chappelle, Sarandos, Frazer Harrison Getty, Dave Chapelle, Ted Sarandos Netflix, Netflix Co, Sarah Al Arshani


Apple Rumored to Launch Lower-Priced 27-Inch Version of Pro Display XDR With ProMotion in Early 2022

Apple is planning to introduce a new 27-inch standalone display in early 2022, according to Display Supply Chain Consultants CEO Ross Young. This information comes from both Young's tweets and additional details that he shared with MacRumors. As with Apple's high-end 32-inch Pro Display XDR, Young told MacRumors that the 27-inch display will feature mini-LED backlighting, which likely means that it will have XDR branding. Young tweeted that Apple is currently planning to release the new displ...
Tags: Apple, Featured, Bloomberg, Young, Mark Gurman, Ross, Macbook Pro, Lcds, Ross Young


Crypto traders turned tungsten into a meme. Now they can buy it with bitcoin.

Tungsten in square cube creative concept. Getty Images stock photo Tungsten-cube enthusiasts can now purchase the dense metal with bitcoin, The Block Crypto reported. The small, but dense cubes went viral last week following a tweet, Coindesk said. "Crypto just has a propensity for the density," CMS Holdings' Dan Matuszewski said. Cryptocurrency enthusiasts who turned Tungsten cubes into a meme can now buy the dense metal with bitcoin.Midwest Tungsten Service, the supplier of the small...
Tags: Amazon, Trends, Markets, Bloomberg, Getty Images, Bitcoin, Crypto, Payments, Cryptocurrencies, Coindesk, Tungsten, Block Crypto, Natasha Dailey, CMS Holdings, MI Exclusive, Crypto As Payment


ProShares' bitcoin futures ETF sees the 2nd-heaviest debut volume on record with 24 million shares traded

Photo by Spencer Platt/Getty Images The ProShares Bitcoin Strategy ETF saw big demand when it began trading on Tuesday.More than 24 million shares of the fund - ticker BITO - changed hands.That made it the second-biggest ETF debut on record.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The launch of is officially a hit with investors.The ETF, which gains exposure to bitcoin via futures contracts rather than owning it outright, saw more than 24 million shares tr...
Tags: Trends, Markets, Bloomberg, Bitcoin, Crypto, Stock Market, Cryptocurrencies, Tom Lee, ETF, Matthew Fox, Eric Balchunas, Spencer Platt Getty, bitcoin ETF, Fundstrat, Bito, ETF launch


A nurse made his entire day's wages trading crypto on his lunch break, so he quit his day job and now makes 7 figures

Bitcoin. STR/NurPhoto via Getty Images A 31-year-old quit his pediatric nursing job to trade cryptocurrencies, Bloomberg reported. Now, he makes seven figures, owns a vacation home, and has more time to spend with his newborn. He told Insider he's been "very happy" with his decision. Josh Dorgan was a pediatric nurse and hospital unit manager until he realized he could be making more money as a crypto trader.The 31-year-old from Omaha, Nebraska, began trading cryptocurrency in 2017 on...
Tags: Facebook, Trends, Markets, Bloomberg, Getty Images, Bitcoin, Bloomberg Businessweek, Cryptocurrency, Omaha Nebraska, Dorgan, Katia Dmitrieva, Labor Market, Crypto Trading, Millennial Investing, Natasha Dailey, GameStop AMC


Americans are offering to pay a lender who took an Afghan woman's 3-year-old daughter in exchange for a $550 debt she couldn't pay

Afghan refugees are processed at Fort Bliss' Doña Ana Village where they are being housed in New Mexico, Friday, Sept. 10, 2021. David Goldman/AP Photo Some Americans are eager to help an Afghan woman who sold her 3-year-old kid to pay off a $550 debt. Nearly two dozen people emailed Insider offering to pay the $550 so Saleha could get her child back. One woman started a GoFundMe for Saleha, but the crowdfunding platform took it down. Americans are outraged that a 3-year-old Afghan gir...
Tags: New York, News, Children, Women, US, International, Trends, Bloomberg, Joe Biden, Poverty, Afghanistan, Asia Pacific, Taliban, Hawaii, United Nations, Ohio


ProShares' bitcoin futures fund is on track to be one of the biggest ETF launches ever, drawing massive demand on its opening day

A banner for the ProShares Bitcoin Strategy ETF hangs outside the New York Stock Exchange. Photo by Spencer Platt/Getty Images The ProShares Bitcoin Strategy ETF saw big demand when it began trading on Tuesday.The bitcoin futures ETF saw more than $700 million worth of shares trade by 1pm.Trading under the ticker BITO, it's on track to be the third-biggest ETF launch of all time.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The launch of is proving to be a h...
Tags: Trends, Bloomberg, New York Stock Exchange, Tom Lee, Matthew Fox, Eric Balchunas, Spencer Platt Getty, Fundstrat, Bito, Invesco QQQ Trust ETF, BlackRock US Carbon Transition Readiness ETF


The majority of cryptocurrencies are 'garbage' and only a few will emerge as winners, says Guggenheim's Scott Minerd

Scott Minerd of Guggenheim Partners raises his hand during the Milken Institute Global Conference. PATRICK T. FALLON/AFP via Getty Images Most cryptocurrencies are 'garbage,' said Guggenheim Partners' CIO Scott Minerd on Tuesday. He told Bloomberg the market will need to see which digital currencies will keep going, similar to Amazon's survival of the dot-com bust. Minerd said he wouldn't short bitcoin at this time. The bulk of digital currencies will fail, according...
Tags: Amazon, Trends, Markets, Bloomberg, Guggenheim, Bloomberg Television, Guggenheim Partners, Carla Mozee, Getty Images Most, Will Amazon, Scott Minerd, Minerd, Scott Minerd bitcoin, MI Exclusive, Guggenheim Scott Minerd, Minerd cryptocurrencies