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We convene a roundtable of climate change reporters from Argentina, South Africa and the Philippines to hear about the stories top of mind on their beats — from sea level rise to drought — as world leaders meet for COP26 in Glasgow. And, Yahoo is pulling out of China. The company points to the increasingly challenging business and legal environment in China for those decisions.James Griffiths, author of “The Great Firewall of China,” joins us to discuss. Connect with us: … Source link

When a stock explodes 108% in a session — rather out of the blue — as Avis did on Wednesday, there is only one thing you should do, says Deutsche Bank analyst Chris Woronka. Drive out of dodge before you get run over.  “Our first order of business is to emphasize that this downgrade is not a call to short Avis. Simply put, it is a view that investors who owned the stock prior to Tuesday should take profits. We simply cannot justify, using any reasonable traditional valuation metric, the… Source link

A group of financial firms at the COP26 climate summit on Wednesday pledged $130 trillion to facilitate the transition toward a sustainable global economy — the latest in a string of commitments made by business officials in recent days. But hedge fund billionaire Tom Steyer says the private sector must also reckon with the role capitalism has played in pushing the world to the “brink of climate disaster” in the first place.  A different, mission-oriented version of capitalism can drive… Source link

U.S. private employers added back more jobs than expected last month, reflecting a pick-up in the pace of hiring as more service-focused companies brought back workers to meet elevated demand.  Private payrolls grew by 571,000 in October compared to September, ADP said in its closely watched monthly report. Consensus economists were looking for a rise of 400,000 jobs, according to Bloomberg data. The month earlier, private payrolls had risen by a downwardly revised 523,000, from the 568,000… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, November 3, 2021 Bonds and the dollar Watch bonds and the dollar, the forgotten stepchildren of a frothy market. Once upon a time, inflation-wary investors used to telegraph their displeasure by selling Treasury debt, which pushed up yields and the value of the U.S. dollar (one day I’ll explore the fascinating world of interest rate… Source link

After Nubank filed its F-1, Natasha Mascarenhas and Alex Wilhelm dissected the document to learn more about the operations of one of the world’s largest startups. “With over 40 million users across Brazil, as well as Mexico and Colombia,” the fintech company’s LTV/CAC ratio is central to its success, they found. Notably, as many as 90% of Nubank customers were acquired organically. Full TechCrunch+ articles are only available to members.Use discount code TCPLUSROUNDUP to save… Source link

After Nubank filed its F-1, Natasha Mascarenhas and Alex Wilhelm dissected the document to learn more about the operations of one of the world’s largest startups. “With over 40 million users across Brazil, as well as Mexico and Colombia,” the fintech company’s LTV/CAC ratio is central to its success, they found. Notably, as many as 90% of Nubank customers were acquired organically. Full TechCrunch+ articles are only available to members.Use discount code TCPLUSROUNDUP to save 20% off a one- or… Source link

...WINTER WEATHER ADVISORY REMAINS IN EFFECT UNTIL 11 AM EDT WEDNESDAY... * WHAT...Lake effect snow expected. Total snow accumulations of 1 to 2 inches in most valley locations with up to 3 inches across the higher terrain. * WHERE...Warren and McKean Counties. Highest amounts near and to the north of Route 6. * WHEN...Overnight to 11 AM EDT Wednesday. * IMPACTS...Plan on slippery road conditions. The hazardous conditions could impact the Wednesday morning... Source link

Starbucks has called on employees in three Northeast locations to reject a measure to form a union, following a victory by a Buffalo-area location that’s spearheading efforts to organize its workers. The company, which just , sent a letter on Monday encouraging those workers to vote down a measure to organize. If the effort is successful, three coffee shops in upstate New York would be the first of Starbucks’ 8,000 stores to unionize, part of a wave of pandemic-era support for organized… Source link

Stock futures opened near the flat line Tuesday evening as investors awaited a key monetary policy decision from the Federal Reserve. Contracts on the S&P 500 traded sideways. The blue-chip index had set a record closing high for a fourth straight session earlier in the day while the Dow closed above 36,000 for the first time ever, buoyed by an extended run of better-than-expected corporate earnings results.  Some of the closely watched names that reported results after market close continued… Source link