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Share to Twitter Share to Linkedin Is it time for us contrarians to “buy the dip” in bank stocks? We’re drowning in big bank-scare headlines. Silicon Valley Bank (SIVB VB ) knuckled under in days, Signature Bank (SBNY) wasn’t too far behind, and across the pond, Credit Suisse (CS) needed a buyout bailout from rival UBS (UBS) . The next bank run, however, won’t be with the big boys . Too big to fail, baby . Here, we’ll find not only government help but also secure yields of up to 5.1%—trading at a discount, no less. Why the big guys? Well let me show you. Last week, my software firm received this email from one of our vendors: “Brett, Just wanted to give you our new banking details. We’re out of SVB; we’re moving to JPM.” JPM for the win. And they’re not the only big bank benefiting. CNN recently reported that Bank of America BAC (BAC) , Wells Fargo WFC (WFC) and Citigroup C (C) “have all experienced a … [Read more...] about Make Your Own Bank Run On These Blue-Chip Yields

A good product will win you customers, but it takes a lot more to create, cultivate, and keep true, actual fans. The magic word for most is community, and the brands here, being honored as part of Brands That Matter 2022, have found ways to foster and excite growing communities around them. Decades-old brands, including Fender guitars and Magic: The Gathering, are using new content to stay relevant. For Fender, this past year was about building a content hub full of tools for the millions of new people who started to play over the past few years as a COVID-19-lockdown-induced new hobby. Magic: The Gathering has leaned into celebrating a more diverse set of players with its direct-to-consumer platform, Secret Lair. Meanwhile, three-year-old wrestling upstart All Elite Wrestling has taken on a Goliath by showing a different side of its diverse lineup of stars. Here are the brands making the most of fun and fandom: All Elite Wrestling As discussions around mental … [Read more...] about These 6 brands are growing by letting fans pursue their passions

Explore the full 2023 list of Fast Company’s Most Innovative Companies , 540 organizations that are reshaping industries and culture. We’ve selected the firms making the biggest impact across 54 categories, including advertising , architecture , design , and more. Nature has typically been the first place that beauty companies turn to for solutions to aging and skin imperfections. Now there’s a new source—biotech—and it takes its inspiration from the pharmaceutical industry. The move toward lab-generated ingredients that promise to improve on what scientists would find in nature dovetails with society’s larger embrace of personalized medicine, including cell and gene therapy, says Sarah Broyd, a partner at Durham, North Carolina–based Clarkston Consulting who specializes in consumer healthcare and pharmaceuticals. “Even the mRNA technology used in some of the COVID vaccines has contributed to a greater general understanding of how biotechnology works, which has … [Read more...] about The 10 most innovative companies in beauty of 2023

One of the ways that gig companies have been able for years to define their workers as independent contractors is by exploiting the allure of individualism. The contractor has their freedom, the thinking goes, so why would they exchange that for a full-time job with benefits? “These words have gained a strange kind of prestige from downwardly mobile, college-educated tech workers,” said John Patrick Leary, the author of Keywords: The New Language of Capitalism . It was part of what Reddit’s founder, Alexis Ohanian, has called “hustle porn,” cheerleading multiple jobs and their backbreaking exertions, giving a cheerful spin to the full 30% of Americans who do something else for pay in addition to their full-time jobs, according to an NPR/Marist survey. Hustling and nimbleness and the like implied, however, that there is a slinky joy in picking up gear at a studio and dropping it off across town or selling CBD oil part time. Once called drably “another job,” these … [Read more...] about The lie of the hustle

Maven Clinic is No. 30 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. In the wake of the Supreme Court’s Dobbs decision, employers now serve as a backstop for abortion access in this country. Maven Clinic is a virtual healthcare provider with a focus on women’s health, offering everything from OB/GYN care to egg freezing and lactation consultations. Today, it’s also helping the companies that offer its services as an employee benefit to navigate the new landscape for reproductive care. The month after the ruling, Maven saw a 67% bump in companies looking to add reproductive health benefits, and founder and CEO Kate Ryder conducted online workshops for hundreds of human resources leaders on how to upgrade their offers. The company’s three-year-old Maven Wallet app helps to reimburse patients if they need to travel out of state for care and speeds reimbursement from … [Read more...] about Why Maven Clinic is the highest-valued startup in women’s health

CounterCraft is No. 35 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. Weeks before Russia invaded Ukraine last year, hackers accessed a financial institution’s computers and set them up to initiate a cyberattack on Ukrainian government websites. What the hackers didn’t know: Their efforts took place in a fake network designed as a detection environment by Spanish startup CounterCraft , which was able to protect its client’s real computers and share information about the incident with U.S. authorities. “Being weeks ahead of the actual window of attack was a very useful place to be,” says Dan Brett, CounterCraft’s cofounder and chief strategy officer. CounterCraft’s deception tools turn the tables on hackers, luring them into digital labyrinths that waste their time and reveal their techniques while neutralizing the attack. Honeypots aren’t new to cybersecurity, but … [Read more...] about This cybersecurity firm makes it easy to trick hackers with believable fake networks

As a Black woman in an industry—wellness—that’s overwhelmingly white, I know what it’s like to be in classes or scrolling social media accounts that weren’t created with me in mind. Genuine care requires us to clarify where we’re focusing our attention, which allows us to have realistic expectations about impact and accountability. I know that there are ways I can better advocate for myself, and I also know that I live within societal and cultural ecosystems designed not to hear me as a Black woman. Self-care helps us cope with our present external realities, but it won’t always directly change them. As BIPOC leaders, we face unique challenges. Here are some ways to care for yourself amidst those challenges. Ditch the perfectionism The more marginalized identities you have, the more you’ll likely grapple with perfectionism, because we’re socialized to believe that the norm, and those who lead it, look and operate differently than us. For many of us who are … [Read more...] about Self-care isn’t enough. 3 ways BIPOC leaders can combat burnout

Refilling the U.S. Strategic Petroleum Reserve may take years, U.S. Energy Secretary Jennifer Granholm said this week, reversing plans the Biden administration announced late last year to repurchase at lower prices oil it sold from the reserve in 2022. However, the relatively limited size of the planned repurchases in proportion to global oil demand makes assessing the impact on U.S. crude oil markets somewhat difficult—especially amid current global economic trends and geopolitical challenges. KEY TAKEAWAYS U.S. Energy Secretary Jennifer Granholm said this week it may take years for the government to replenish its Strategic Petroleum Reserve. It's a reversal of plans the government announced last year to repurchase oil it sold from the reserve at lower prices. Current global economic concerns and geopolitical conditions, however, present challenges in assessing the market impact of the decision. Granholm told a House panel Thursday that the U.S. likely would not … [Read more...] about US to Take Years to Refill Its Strategic Petroleum Reserve

PLANTITA Flor Tarriela, a corporate leader, ex-banker, gardening aficionado —Flor’s Garden website Having made strides in the corporate world for over three decades, Flor Gozon-Tarriela proves that a woman can earn and hold her seat at the table dominated by men. She was recently installed as lead independent director at local mining giant Nickel Asia Corp. (NAC), one of two female directors on the board who are able to offer truly impartial and independent insights when it comes to decision-making. Tarriela is joined by Maria Patricia Riingen, another female trailblazer who had held various executive positions at Western Union, Asian Development Bank and Citibank N.A. “Mining is actually close to my heart. My father (Benjamin M. Gozon) used to be the director for the Bureau of Mines for 14 years before he became the secretary of the Department of Agriculture and Natural Resources,” says Tarriela. “I look at NAC and it’s doing very well, it’s very progressive,” she adds. … [Read more...] about Tarriela earns her seat at the table

Davionne McRoberts allegedly shot and killed his own grandparents Tuesday night in St. Louis, then walked into a psych ward reportedly drenched in blood, according to TMZ. The aspiring rapper, who goes by the moniker “Woozy the Goat,” has a small social media following and reportedly took to Facebook to share some horrifying posts before allegedly killing his family, according to TMZ. “WHO WANNA DIE TODAY? Y’all don’t believe me? Come show me I’m not god,” he allegedly wrote in one of the posts, TMZ reported. “Hey I really am god truly everyone I’m trying to help you all but I came to terms y’all got too comfy in hell I’m not trying to take peoples money when I say donate to $WoozyTheGoat I’m trying to show y’all new life …” he allegedly wrote in another post, according to TMZ. BREAKING: A married couple died last night after being killed inside a Troy, MO home. This morning, Troy Police are still searching for a relative, Davionne McRoberts, who has been identified as a … [Read more...] about REPORT: Aspiring Rapper Allegedly Murders Grandparents, Walks Into Psych Ward Covered In Blood