Taking baby steps

Share to Twitter Share to Linkedin As questions surrounded equity control of Oracle Red Bull’s Formula 1 team, and changes to sustainability for the racing series are set to take a larger role, Porsche fell by the wayside, and Ford decided to make their return to the sport after a 22-year absence. It’s not often that one can say, “When a door closes, another door closes which leads to a door opening,” but that may best describe what has happened with consecutive F1 driver championships in 2021-22 and 2022 constructor champion Oracle Red Bull Racing. A seismic shift has occurred with those supplying powertrains in F1 as an increase in renewable technology continues to dramatically alter the consumer automotive market. In 2021, Honda left primary support for Red Bull as they moved away from combustion engines. Honda has pledged to be carbon-neutral by 2050. With not just Honda but others seeking to increase battery technology, and other renewable … [Read more...] about How Oracle Red Bull Racing Walked Away From Porsche And Ford Stepped In

Many once-promising financial startups are cash-strapped; others have broken business models. By Jeff Kauflin & Emily Mason ; Illustration by Matt Chase for Forbes ON November 15, the cofounders of Ribbon Home, a five-year-old financial technology company that promised to fix a “broken” homebuying market by offering buyers the ability to make all-cash offers, sent a cryptic and disconcerting email to its entire staff. “During this time of uncertainty, we ask team members who are not customer- or finance-facing to shift their focus from work to self-care, spending time with family and doing things that bring you comfort,” it read in part. Six days later, New York City-based Ribbon dismissed 85% of its staff—190 people—and cut severance to one week’s pay versus the six weeks employees had been previously promised. Fewer than 30 people remain today, and the company recently announced that it has paused all new business. Ribbon’s days are … [Read more...] about Merge Or Perish: 25 Struggling Fintech Startups

Share to Twitter Share to Linkedin Key takeaways The Fed raised its benchmark rate by 0.25% at its most recent meeting This broke a trend of four consecutive meetings with rate increases of 0.75% Though inflation has eased, data shows that the economy remains very hot, which could provide upward pressure on prices Investors and businesses closely monitor the Federal Reserve and how it adjusts the federal funds rate. The Fed meets multiple times yearly to decide how to manage the economy. At its most recent meeting, the Fed opted to increase its benchmark interest rate by 0.25%. This breaks the 0.75% trend of hikes, which occurred after four consecutive meetings before this one, leaving investors to wonder about the future. If you are an investor who is uncertain about how to invest in these unpredictable economic times, you can use the power of artificial intelligence (AI). Download Q.ai to build a portfolio that meets your investment … [Read more...] about Did The Fed Decide To Raise Interest Rates This Week? Here’s The Economic Outlook Now That “The Disinflationary Period” Has Started

PHOTO: เยาวชนปลดแอก － Free YOUTH 72.4% of people polled in a recent Suan Dusit Poll say that the government should “immediately seek negotiations with the protesters and not to buy time.” The private survey was conducted by the Suan Dusit Rajabhat University. The poll was conducted between October 19 – 22 in the wake of the central city rallies, the hosing down of the protesters at Pathumwan intersection and imposing of a State of Emergency. 5,738 people were surveyed around Thailand about the ongoing political impasse, the demands of the protesters and the response from the Thai government. Why have the numbers of political rallies have increased? (Respondents were allowed to give more than one answer, percentages rounded off to the nearest .1 of a percent) Related news Things to know about Thai culture 8 mins ago Police officer accidentally shoots colleague at Bangkok police station 20 mins ago • The protesters are not … [Read more...] about 72% think the Thai government are “stalling”, 60% say leave the Monarchy alone

Inside the chaos at Synapse, where questionable management tactics by CEO Sankaet Pathak have left the company with its future in jeopardy. I n July 2019, the 29-year-old CEO of San Francisco financial technology startup Synapse scolded five of his engineers for not making faster progress. “Do you even enjoy this project?” Sankaet Pathak asked. “Not really,” the team’s leader answered. “That’s it, you’re out,” Pathak declared, firing the employee on the spot in front of his colleagues. Synapse’s Human Resources director, Juan Aguayo, confiscated the terminated worker’s key card and computer. But as Aguayo spoke, he received a message on his laptop, and his tone started to change. Minutes later, he said to the engineer, who was now crying, “Don’t worry, you’re not fired.” The dazed, confused employee went back to his desk. Pathak never spoke to him about the incident again, acting like it never happened. The engineer started looking for a new job the following week … [Read more...] about Broken Synapse: Why Employees And Customers Are Fleeing This Andreessen-Backed Fintech Startup

Indian Oil Corporation Ltd hopes that its green hydrogen initiatives and collaborations will accelerate the conversion of grey hydrogen to green and help achieve the ‘1-1-1 goal,’ Chairman Shrikant Madhav Vaidya, told Moneycontrol at the ‘India Energy Week 2023’. [Green Hydrogen 1-1-1 refers to the aim of reducing the price to $1 per 1 kilogram in 1 decade. ] Indian Oil Corporation is the largest state-owned oil refining company, with a capacity of 70.05 million metric tonnes per annum. It is also one of the leading petrochemical producers in India. Vaidya talked about the company’s petrochemicals expansion plan, the role of fossil fuels, and talent availability for its clean energy ventures, including green hydrogen. Edited excerpts: Q: Indian Oil has made a move towards clean energy in the green hydrogen space. What kind of targets do you have? A: Hydrogen and the refining industry go hand-in-hand. It's a raw material for me. So when I talk of hydrogen, basically, it's … [Read more...] about Hope to achieve ‘1-1-1 goal’ for Green hydrogen, petrochemicals to be integral part of Indian Oil’s growth story: Chairman

Share to Twitter Share to Linkedin Meatable says you can have your steak and eat it, guilt free, as its cultured meat is set to hit restaurants next year. Americans love hot dogs. 20 billion of them are guzzled each year in the US. And that’s just a tiny fragment of the 350 million tons of meat gobbled up globally. “People love meat,” says Krijn De Nood, CEO of Dutch cellular agriculture start-up Meatable . “It’s a fantastic product. It’s high in protein. But it’s completely ruining our planet.” Better meat The world’s appetite for meat has tripled in the last fifty years . No wonder. It’s tasty. It’s packed with protein, vitamins and minerals. It’s an indispensable ingredient for many. But it comes with huge costs. Farmed animals, which outnumber humans, contribute most of the greenhouse gas emissions due to agriculture. Antibiotic resistance and diseases associated with livestock farming pose grave threats to human health. Of … [Read more...] about Eat A Hot Dog, Save The World.

Share to Twitter Share to Linkedin Dylan Ogline is serial entrepreneur and author known as a pervader of work and lifestyle optimizations. He is the founder of Ogline Digital . How is the mind of a millionaire entrepreneur different from the typical entrepreneur? In my experience, a business mind is made up of five key layers: self-awareness, principles, prioritization, discipline and presence. However, we don't always devote enough energy to all of them. I find we’re often obsessed with discipline and presence—arguably the most shallow layers—while completely neglecting the other, deep-level ones. But working from the top down is like trying to build a house on sand. Luckily, it doesn't take a million dollars to improve—or build—a six-figure mindset. You just need to understand what each layer means and how to engage it. 1. Self-Awareness Self-awareness is the ability to act as an objective observer of our own behavior. Self-awareness … [Read more...] about The 5 Layers That Make Up A Millionaire Mindset

Share to Twitter Share to Linkedin OBSERVATIONS FROM THE FINTECH SNARK TANK LendingClub, one of the nation’s first peer-to-peer lenders (oops! I mean, “marketplace” lenders—real ”peer to peer” lending lasted all of about a month), announced it plans to acquire Radius Bank, a relatively small Boston-based bank, unknown to most people outside of the industry (and within, for that matter). The press release announcing the pending deal contained the usual platitudes from the acquiring CEO: “This is a transformational transaction that allows us to reimagine banking in a way that is free from legacy practices and systems. We will create a category-defining experience for our members that will dramatically enhance the resilience and earnings trajectory of our business.” Despite the buzzword-laden proclamation, this acquisition makes a lot of sense for both parties for reasons that go beyond what many observers have reported on. The Short-Term … [Read more...] about Why LendingClub’s Acquisition Of Radius Bank Is A Smart Deal

In light of the upcoming launch of Skyroot Aerospace's Vikram-S rocket on November 18, Indian Space Research Organisation (ISRO) Chairman S Somanath praised the Indian space industry for creating a facilitating ecosystem. The launch of India's first privately manufactured rocket on November 18 will demonstrate that young people with a dream to build something big can do so in India, he said. The ISRO chief made the remarks at the Bengaluru Tech Summit, mentioning the upcoming Mission Prarambh rocket launch by Skyroot Aerospace from Satish Dhawan Space Centre in Sriharikota. Vikram-S is a sub-orbital mission — a trajectory that does not complete a complete Earth orbit. “We have created an ecosystem today for them (young people) to make their dreams happen, build rocket systems using the available industries in India and take the support of the Indian Space Research Organisation infrastructure that we have created today to make that launch happen,” he said. ISRO's chairman said … [Read more...] about Skyroot’s rocket launch will demonstrate young people can dream big, says ISRO Chairman