Key Takeaways U.S. equities jumped, boosted by bank stocks and by comments from Treasury Secretary Janet Yellen that smaller banks that fail could get a government backstop for uninsured deposits. Moody’s raised the rating on Tesla’s ( TSLA ) debt from junk to investment grade, and that sent shares of the electric carmaker up almost 8%. Utility companies were among the biggest decliners in the S&P 500. Falling gold prices drove down shares of Newmont Corporation ( NEM ) and rival gold miners. U.S. equities jumped, boosted by bank stocks on reports of another industry effort to assist struggling First Republic Bank ( FRC ), and by comments from Treasury Secretary Janet Yellen that if needed, smaller banks that fail could get a government backstop for uninsured deposits. All that came a day before the Federal Reserve is set to announce whether it will continue raising interest rates to fight inflation, or hold off because of the turmoil in the banking sector. … [Read more...] about Bank Optimism and Yellen’s Comments Lift Markets
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A simple 5-step system to ace performance reviews
My first-ever performance review was for a huge consulting firm. It felt like drinking water from a firehose: How could I condense everything I’d done and learned into a few paragraphs? I stayed up all night, hacking together a list. But when I was done, I realized I’d missed the mark. All I had created was a record of the activities I’d done. The “so what?” wasn’t there. It wasn’t an ideal way to kick off my career. So, I developed a system that helped me track and celebrate my milestones and prepare for my reviews—without subjecting myself to disgusting coffee and all-nighters. Here’s my system, and how you can adapt it for your performance reviews. Step 1: Identify your metrics A successful performance review connects your accomplishments to metrics that matter. So, how do you identify the most important metrics? Pull verbs from your job description When you boil down a job description down, the verbs are what matter. Those words—along with … [Read more...] about A simple 5-step system to ace performance reviews
What’s happening at Deutsche Bank? Stock drops amid fears that banking crisis will get worse
Shares in Deutsche Bank fell sharply Friday, dragging down other major European banks and leading German Chancellor Olaf Scholz to express confidence in the country’s largest lender after fears about the global financial system sent fresh shudders through the market. Deutsche Bank shares were down 8.8% in late-afternoon trading on the German stock exchange after falling as much as 14%. That followed a steep rise in the cost to insure bondholders against the bank defaulting on its debts, known as credit default swaps. Rising costs on insuring debt were also a prelude to Swiss lender Credit Suisse’s government-backed rescue by rival UBS. That hastily arranged takeover Sunday aimed to stem the upheaval in the global financial system after the collapse of two U.S. banks and jitters about Credit Suisse’s long-running troubles led its shares to tank and customers to pull out their money. Asked whether Deutsche Bank could be the next Credit Suisse, Scholz said, … [Read more...] about What’s happening at Deutsche Bank? Stock drops amid fears that banking crisis will get worse
How machine learning is helping scientists forecast bird migration
With chatbots like ChatGPT making a splash , machine learning is playing an increasingly prominent role in our lives. For many of us, it’s been a mixed bag. We rejoice when our Spotify For You playlist finds us a new jam, but groan as we scroll through a slew of targeted ads on our Instagram feeds. Machine learning is also changing many fields that may seem surprising. One example is my discipline, ornithology—the study of birds . It isn’t just solving some of the biggest challenges associated with studying bird migration; more broadly, machine learning is expanding the ways in which people engage with birds. As spring migration picks up, here’s a look at how machine learning is influencing ways to research birds and, ultimately, to protect them. The challenge of conserving migratory birds Most birds in the Western Hemisphere migrate twice a year , flying over entire continents between their breeding and nonbreeding grounds. While these journeys are … [Read more...] about How machine learning is helping scientists forecast bird migration
Gatchalian says panel report vs Pogos gaining support from senators
Senator Sherwin Gatchalian and Philippine offshore gaming operation. PHOTO: INQUIRER FILES, SENATE PRIB MANILA, Philippines — Senator Sherwin Gatchalian claimed Tuesday that a Senate panel recommendation to permanently ban the Philippine offshore gaming operators (Pogos) in the country already has the support of the majority of its members. “Hindi ko muna idi-disclose sa inyo but meron na tayong nadagdagan especially after nung privilege speech,” Gatchalian said in an interview at the Senate. (I will not disclose it to you for now, but we have gained additional support, especially after the privilege speech.) “Mare-report out na natin ‘yun,” added the senator, who, as chairman of the Senate committee on ways and means, led the probe on the impact of the offshore gaming operations in the country. (We can already report it.) If the Senate adopts the committee report, Gatchalian said it would send a strong message to the executive. However, he also stressed that whether or … [Read more...] about Gatchalian says panel report vs Pogos gaining support from senators
‘Friends’, ‘Grace and Frankie’ creator outfoxes sexism
This 2016 photo provided by Netflix shows writer/producer Marta Kauffman, from left, Jane Fonda, as Grace Hanson, and Lily Tomlin, as Frankie Bergstein, in a scene from “Grace and Frankie”. Image: Netflix/Melissa Mosley via AP Ask Marta Kauffman if there will be a “Friends” reunion someday, and the answer is a crisp “nope.” Kauffman, who created the enduringly popular sitcom with David Crane and was an executive producer from start to finish, is focused on what’s now and next, not what’s past. She’s moved on from the 1994-2004 network-airbrushed adventures of young New York pals to the unvarnished pains and pleasures of older women — and, subordinately, men — in “Grace and Frankie”. The Netflix comedy is in the hunt to add 2019 Emmy Award nominations to those earned in its first four seasons by stars Jane Fonda and Lily Tomlin, who also have received Screen Actors Guild, Golden Globe and other nods of recognition. “Friends” can boast of nabbing a best comedy series Emmy in … [Read more...] about ‘Friends’, ‘Grace and Frankie’ creator outfoxes sexism
The Century Cures Act Is A Needless Waste
House leadership may bring H.R. 6, the 21st Century Cures Act, to the floor after next week’s House recess. The bill doesn’t cure a thing, except, perhaps momentarily, the appetite of the federal leviathan to grow. H.R. 6 deepens the federal government’s involvement in medicine, a role that the Founding Fathers wisely left to the states and the people through the Tenth Amendment. The legislation is well-intentioned, but turns federalism on its head and spends a massive amount of money with dubious offsets. H.R. 6 is a 309 page bill that attempts to accomplish quite a bit. The bill’s goals include promoting personalized medicine, improving the clinical trials process, making the regulatory path clearer for medical apps, creating economic incentives for the development of drugs for rare diseases, improving, “the entire biomedical ecosystem ensuring the innovation infrastructure works as quickly and efficiently as possible.” Oh, it is also a “ jobs bill .” Somewhere in the … [Read more...] about The Century Cures Act Is A Needless Waste
Ban on fishing in Andaman Sea begins April 1
PHOTO: Fishing will be banned in the Andaman Sea for three months. (via Wallpaper Flare) It’s that time of year again when the oceans need a break from humans in order to recover and regrow. Along the Andaman sea, fishing restrictions will be implemented for a three-month period from April 1 to June 30. The restrictions will cover the coastline of four provinces on the Andaman in an effort to allow fish stocks to recover. The Department of Fisheries announced on Sunday that an area of 4,696 square kilometres will be affected, stretching from Laem Yong Star in Trang province to Cape Panwa in Phuket province. The waters off of Phuket, Krabi, Phang Nga, and Trang will be restricted to commercial fishing operations. Despite the ban, fishing activities are not completely prohibited. Local villagers with boats less than 10 gross tonnage and engines less than 280 horsepower are allowed to fish still. The Andaman Sea is a major fishing ground for commercial fishing … [Read more...] about Ban on fishing in Andaman Sea begins April 1