Digital health start-up once worth $1.5 billion is racing to keep lights on as investors flee

Proteus Digital Health has spent two decades trying to develop “smart pills” that can be used to tell a smartphone app whether patients have taken their medications. The technology was so promising that, three years ago, investors valued the company at $1.5 billion. Executives at three other digital health companies said they’ve seen an uptick in resumes from Proteus employees in the past few weeks. “We are taking into consideration the impact of our restructuring on employees, patients, custome


Proteus Digital Health has spent two decades trying to develop “smart pills” that can be used to tell a smartphone app whether patients have taken their medications.
The technology was so promising that, three years ago, investors valued the company at $1.5 billion.
Executives at three other digital health companies said they’ve seen an uptick in resumes from Proteus employees in the past few weeks.
“We are taking into consideration the impact of our restructuring on employees, patients, custome
Digital health start-up once worth $1.5 billion is racing to keep lights on as investors flee Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-08  Authors: christina farr
Keywords: news, cnbc, companies, company, billion, million, investors, according, digital, worth, startup, struggled, health, employees, weeks, lights, racing, patients, flee, proteus, trying


Digital health start-up once worth $1.5 billion is racing to keep lights on as investors flee

Proteus Digital Health has spent two decades trying to develop “smart pills” that can be used to tell a smartphone app whether patients have taken their medications. The technology was so promising that, three years ago, investors valued the company at $1.5 billion.

But Proteus has struggled to turn its vision into reality and is now desperate for cash after an expected $100 million funding round recently fell through, according to people familiar with the matter. To preserve enough money to stay afloat, the company furloughed the majority of its employees for about two weeks in November, said the people, who asked not to be named because the information is confidential.

As 2019 wraps up, Proteus has become the latest Silicon Valley company that’s gone from a one-time high flyer, raising a total of over $500 million, to deep in crisis mode after its partnership with a large pharmaceutical company failed to materialize in a way that could justify its valuation. It’s an ominous sign for the digital therapeutics space, which has lured major investors but has struggled to find breakout successes and has seen big drugmakers walk away from key partnerships.

At Proteus, the furloughed employees were brought back to work in recent weeks after the company was able to land $5 million in emergency funding, according to people with knowledge of the matter. But with roughly 300 people on staff, according to LinkedIn, that money may not last long. Executives at three other digital health companies said they’ve seen an uptick in resumes from Proteus employees in the past few weeks.

“Proteus is currently conducting an operational review and restructuring our business to optimize effectiveness,” a company spokesperson told CNBC in an email. “We are taking into consideration the impact of our restructuring on employees, patients, customers, partners and investors.”

The problem Proteus was trying to tackle is real. Patients don’t always take their meds and don’t necessarily know if they’re up to date with them. Researchers estimate that a lack of adherence to prescriptions results in $100 billion to $300 billion in costs tied to health-care spending and loss of productivity.


Company: cnbc, Activity: cnbc, Date: 2019-12-08  Authors: christina farr
Keywords: news, cnbc, companies, company, billion, million, investors, according, digital, worth, startup, struggled, health, employees, weeks, lights, racing, patients, flee, proteus, trying


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Cauliflower pizza was the No. 1 Grubhub order in America in 2019–here’s what won in every state

The majority of top foods ordered this year were vegetarian or vegan, Grubhub says (seven of the top 10 compared to three in 2018). Spicy Brussels sprouts followed cauliflower pizza on the top 10 list, then portobello mushroom empanadas, black bean and sweat potato tacos and miso pork ramen. Source: GrubhubIn New York, the most ordered dish this year was a bacon, egg and cheese sandwich — which was also the most ordered breakfast on the platform, according to Grubhub. Chicken macaroni and cheese


The majority of top foods ordered this year were vegetarian or vegan, Grubhub says (seven of the top 10 compared to three in 2018).
Spicy Brussels sprouts followed cauliflower pizza on the top 10 list, then portobello mushroom empanadas, black bean and sweat potato tacos and miso pork ramen.
Source: GrubhubIn New York, the most ordered dish this year was a bacon, egg and cheese sandwich — which was also the most ordered breakfast on the platform, according to Grubhub.
Chicken macaroni and cheese
Cauliflower pizza was the No. 1 Grubhub order in America in 2019–here’s what won in every state Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: taylor locke
Keywords: news, cnbc, companies, pork, order, 2019heres, market, ordered, won, america, pizza, cauliflower, fried, state, cheese, grubhub, chicken, platform, according


Cauliflower pizza was the No. 1 Grubhub order in America in 2019–here's what won in every state

Food-delivery service Grubhub, owner of Seamless and other food related brands, released its Year in Food report, revealing the top orders placed on the company’s platform across the country in 2019.

The majority of top foods ordered this year were vegetarian or vegan, Grubhub says (seven of the top 10 compared to three in 2018).

Cauliflower pizza took the top spot overall, being the No. 1 order of the year and climbing up from seventh place in 2018.

Spicy Brussels sprouts followed cauliflower pizza on the top 10 list, then portobello mushroom empanadas, black bean and sweat potato tacos and miso pork ramen.

Each state across the country had its own preference, too.

Source: Grubhub

In New York, the most ordered dish this year was a bacon, egg and cheese sandwich — which was also the most ordered breakfast on the platform, according to Grubhub. Chicken macaroni and cheese was the top Grubhub order in Florida, and in California, vegetable chow fun was the favorite.

See the top order for 2019 in each state, according to Grubhub:

Alabama: pork ribs

Alaska: chicken fried rice

Arizona: orange chicken

Arkansas: pulled pork sandwich

California: vegetable chow fun

Colorado: lamb shank

Connecticut: eggplant sandwich

Delaware: buffalo chicken dip

Florida: chicken macaroni and cheese

Georgia: gumbo

Hawaii: lemon chicken

Idaho: chili

Illinois: chicken meatballs

Indiana: fried pickles

Iowa: Chicago-style hot dog

Kansas: country-fried steak

Kentucky: fried green tomatoes

Louisiana: fried Brussels sprouts

Maine: tom yum soup

Maryland: Old Bay fries

Massachusetts: clam chowder

Michigan: wet burrito

Minnesota: beef ramen

Mississippi: baby back ribs

Missouri: French dip sandwich

Montana: butter chicken

Nebraska: cashew chicken

Nevada: spicy chicken sandwich

New Hampshire: chicken samosa

New Jersey: meatball Parmesan sandwich

New Mexico: barbecued brisket taco

New York: bacon, egg and cheese sandwich

North Carolina: shrimp and grits

North Dakota: gyro

Ohio: chicken chili

Oklahoma: twice-cooked pork

Oregon: fried tofu

Pennsylvania: lobster lo mein

Rhode Island: fried ravioli

South Carolina: fried mushrooms

South Dakota: cheesesteak

Tennessee: stuffed jalapeno

Texas: brisket taco

Utah: lamb samosa

Vermont: barbecue chicken pizza

Virginia: chicken corn chowder

Washington: salmon sashimi

West Virginia: chicken and waffles

Wisconsin: corned beef sandwich

Wyoming: mozzarella sticks

Despite its market value being cut in half this year, Grubhub captured about 30% of the multi-billion dollar meal delivery market, according to consumer analytics firm Second Measure. Competitors like DoorDash and Uber Eats hold 35% and 20% of the market, respectively.

Grubhub’s findings were based on orders from over 21 million users on its platform. The delivery service analyzed order trends from January to November 2019 and compared results to the same time in 2018, according to the company.

Like this story? Subscribe to CNBC Make It on YouTube!

Don’t miss:


Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: taylor locke
Keywords: news, cnbc, companies, pork, order, 2019heres, market, ordered, won, america, pizza, cauliflower, fried, state, cheese, grubhub, chicken, platform, according


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

France’s worst strike in decades enters a second day

PARIS, FRANCE – DECEMBER 05 : Protesters march during a protest against President Emmanuel Macron’s controversial pension plans and in support of the national strike in Paris, France on December 5, 2019. France faces a second day of nationwide protest, severe transport disruption and school closures as public sector workers vent their anger at plans to reform the country’s pension system. France’s national rail company, SNCF, is expecting a “very disturbed” day across its network and the Parisia


PARIS, FRANCE – DECEMBER 05 : Protesters march during a protest against President Emmanuel Macron’s controversial pension plans and in support of the national strike in Paris, France on December 5, 2019.
France faces a second day of nationwide protest, severe transport disruption and school closures as public sector workers vent their anger at plans to reform the country’s pension system.
France’s national rail company, SNCF, is expecting a “very disturbed” day across its network and the Parisia
France’s worst strike in decades enters a second day Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: silvia amaro
Keywords: news, cnbc, companies, system, traffic, pension, enters, according, france, worst, unions, paris, strike, second, frances, day, decades, workers, plans, french


France's worst strike in decades enters a second day

PARIS, FRANCE – DECEMBER 05 : Protesters march during a protest against President Emmanuel Macron’s controversial pension plans and in support of the national strike in Paris, France on December 5, 2019.

France faces a second day of nationwide protest, severe transport disruption and school closures as public sector workers vent their anger at plans to reform the country’s pension system.

France’s national rail company, SNCF, is expecting a “very disturbed” day across its network and the Parisian metro is operating approximately two of its 16 lines. There were traffic jams of more than 350 kilometers on the outskirts of Paris before 8 a.m. Paris time Friday, according to the French newspaper Le Monde. Air traffic is also being impacted with 20% fewer flights.

The French government said that more than 800,000 people protested across the country on Thursday. French police arrested at least 90 people in Paris on Thursday evening, according to the Associated Press.

Some trade unions have called on workers to continue protesting throughout the weekend, while government officials say they will open discussions with the unions on Monday.

The open-ended strike is an attempt by public sector workers to show their dissatisfaction with the government’s plan to update the pension system. France has one of the most expensive pension systems in the world, according to data from the OECD. President Emmanuel Macron vowed ahead of his election in 2017 to make the current setup fairer and simpler.

Macron is now pushing for a single, points-based system. This would replace the current 42 different pension plans that vary according to profession and region, which means some workers are currently entitled to a full pension before the minimum retirement age of 62. The proposed system aims to make pensioners contribute the same amount and give them equal rights.


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: silvia amaro
Keywords: news, cnbc, companies, system, traffic, pension, enters, according, france, worst, unions, paris, strike, second, frances, day, decades, workers, plans, french


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

8 winter side hustles that can help you earn extra cash

Whether you’re shopping for holiday gifts, or gearing up to take a trip in the new year, it can be difficult to factor all your year-end expenses into your regular monthly budget. From housesitting to personal shopping, certain gigs are easier to start up or have the potential to earn more during the winter. Airbnb hosts, for example, earn an average of $924 per month, according to Travel + Leisure. Most housesitters charge $25-$45 per day, according to Housesitter.com. TutoringLast year, Care.c


Whether you’re shopping for holiday gifts, or gearing up to take a trip in the new year, it can be difficult to factor all your year-end expenses into your regular monthly budget.
From housesitting to personal shopping, certain gigs are easier to start up or have the potential to earn more during the winter.
Airbnb hosts, for example, earn an average of $924 per month, according to Travel + Leisure.
Most housesitters charge $25-$45 per day, according to Housesitter.com.
TutoringLast year, Care.c
8 winter side hustles that can help you earn extra cash Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: ivana pino
Keywords: news, cnbc, companies, according, hustles, shopping, earn, cash, winter, day, help, consider, depending, youre, personal, extra


8 winter side hustles that can help you earn extra cash

During the winter months, you might find that you’re spending more. Whether you’re shopping for holiday gifts, or gearing up to take a trip in the new year, it can be difficult to factor all your year-end expenses into your regular monthly budget. To give yourself some financial breathing room, consider a side hustle you can take on this season. From housesitting to personal shopping, certain gigs are easier to start up or have the potential to earn more during the winter. Here are eight that can help you boost your income.

1. Rent your space

If you’ve decided to travel for the holidays and your home will be empty, consider renting it out on a short-term listing site. Airbnb hosts, for example, earn an average of $924 per month, according to Travel + Leisure. The exact amount varies depending on factors like the size of your space, number of nights you rent it out, your location, and the kinds of amenities available to your guests. You’ll also need to make sure laws in your area allow for short-term rentals.

2. Housesit

HouseSitter.com and Care.com both list openings for housesitting jobs. Often, the work is minimal, with tasks like collecting the owner’s mail, watering their plants, or doing some light cleaning while they’re away. Most housesitters charge $25-$45 per day, according to Housesitter.com. This number can fluctuate depending on your area.

Video by David Fang

3. Clear snow

In most states, homeowners are responsible for clearing the snow in their driveway and on the sidewalk in front of their home. Not doing so could result in a ticket: In New York City, the fine is up to $350. As a snow shoveler, you can earn anywhere from $30 to $100 per driveway or walkway, according to Sidehustle.com. All you need to get started is a shovel, which costs as little as $10 from The Home Depot. “When I was still in college, I shoveled driveways for about $100 per day,” says Daniella Flores, the blogger behind i like to dabble. “It’s pretty easy to do it in your neighborhood, just tell a couple of neighbors, or post it on the Nextdoor neighborhood app as a way to spread the word.”

4. Help with resumes

When I was still in college, I shoveled driveways for about $100 per day. Daniella Flores Blogger, i like to dabble

5. Become a personal shopper

The holiday season is prime time for retailers. Shoppers everywhere are on the hunt for the perfect gift for their loved ones and the best end-of-year deals. If you love shopping, do it for others who find it a chore. Personal shoppers earn anywhere from $10-$16 per hour, according to Payscale. Skilled at gift wrapping? That’s a related service that could help you pull in additional cash.

6. Tutoring

Last year, Care.com estimated that college-age job seekers could earn as much as $1,470 with 80 hours of tutoring over their winter break. Sites like Chegg pay online tutors $20 per hour to help students across a wide array of different subjects including algebra, astronomy, literature, law, and more. If you’re studying a foreign language, or a STEM-related subject, you may be able to charge more depending on the tutoring platform.

7. Help others get a ride

If you have your own vehicle, consider becoming a driver with a ride-share company like Uber or Lyft. Winter weather can mean more demand for drivers to deliver food or pick up passengers. How much you can earn will depend on how long the ride is, the distance traveled, and whether or not it’s a peak time. Al Castillo, a full-time ride-share driver in New York City, told CNBC earlier this year that he makes up to $540 per day.

8. Sell last season’s clothes


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: ivana pino
Keywords: news, cnbc, companies, according, hustles, shopping, earn, cash, winter, day, help, consider, depending, youre, personal, extra


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

BlackRock is bullish on Asian telecom for 2020, says it bought stocks it had ‘not touched in years’

A 5G communication technology booth at the China International Import Expo on November 7, 2018 in Shanghai, China. Telecommunications stocks in Asia could be the next area of opportunity for investors in 2020, according to BlackRock. Turning the spotlight on the sector in its outlook report for 2020, BlackRock’s head of global emerging markets equities Andrew Swan wrote: “We have bought telecom stocks we had not touched in years … A typical BlackRock Asian equity portfolio exposure to telecom


A 5G communication technology booth at the China International Import Expo on November 7, 2018 in Shanghai, China.
Telecommunications stocks in Asia could be the next area of opportunity for investors in 2020, according to BlackRock.
Turning the spotlight on the sector in its outlook report for 2020, BlackRock’s head of global emerging markets equities Andrew Swan wrote: “We have bought telecom stocks we had not touched in years … A typical BlackRock Asian equity portfolio exposure to telecom
BlackRock is bullish on Asian telecom for 2020, says it bought stocks it had ‘not touched in years’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: weizhen tan
Keywords: news, cnbc, companies, telco, stocks, touched, bullish, china, according, 2020, asian, wrote, typical, blackrock, bought, telecom


BlackRock is bullish on Asian telecom for 2020, says it bought stocks it had 'not touched in years'

A 5G communication technology booth at the China International Import Expo on November 7, 2018 in Shanghai, China.

Telecommunications stocks in Asia could be the next area of opportunity for investors in 2020, according to BlackRock.

Turning the spotlight on the sector in its outlook report for 2020, BlackRock’s head of global emerging markets equities Andrew Swan wrote: “We have bought telecom stocks we had not touched in years … A typical BlackRock Asian equity portfolio exposure to telecom is now in the high single digits.”

That’s based on companies that BlackRock has identified in India, Singapore and China, according to Swan.

The asset manager says telco stocks will prove resilient and expects the group to meet or even “modestly best” earnings expectations.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: weizhen tan
Keywords: news, cnbc, companies, telco, stocks, touched, bullish, china, according, 2020, asian, wrote, typical, blackrock, bought, telecom


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

‘Evil Corp’: Feds charge Russians in massive $100 million bank hacking scheme

“Evil Corp.,” a name reminiscent of the nickname for the key malevolent corporation in the popular television drama “Mr. Once infected, the malware was able to steal login credentials and empty the accounts of bank employees and bank customers, forwarding the proceeds to offshore accounts held by Evil Corp, according to the press release. The Justice Department announced indictments against key ringleaders of the group, while the Treasury Department announced sanctions against Evil Corp. under t


“Evil Corp.,” a name reminiscent of the nickname for the key malevolent corporation in the popular television drama “Mr.
Once infected, the malware was able to steal login credentials and empty the accounts of bank employees and bank customers, forwarding the proceeds to offshore accounts held by Evil Corp, according to the press release.
The Justice Department announced indictments against key ringleaders of the group, while the Treasury Department announced sanctions against Evil Corp. under t
‘Evil Corp’: Feds charge Russians in massive $100 million bank hacking scheme Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: kate fazzini
Keywords: news, cnbc, companies, bank, hacking, corp, scheme, according, treasury, feds, department, yakubets, charge, evil, russians, massive, group, russian, action, million


'Evil Corp': Feds charge Russians in massive $100 million bank hacking scheme

The U.S. Justice and Treasury departments took action Wednesday against a Russian hacking group known as “Evil Corp.,” which stole “at least” $100 million from banks using malicious software that swiped banking credentials, according to a joint press release.

“Evil Corp.,” a name reminiscent of the nickname for the key malevolent corporation in the popular television drama “Mr. Robot,” is “run by a group of individuals based in Moscow, Russia, who have years of experience and well-developed, trusted relationships with each other,” according to a Treasury Department press release.

The criminal group used a type of malware known as “Dridex,” which worked to evade common antivirus software and spread through emailed phishing campaigns. Once infected, the malware was able to steal login credentials and empty the accounts of bank employees and bank customers, forwarding the proceeds to offshore accounts held by Evil Corp, according to the press release. The group also stole an estimated $70 million using a similar malware known as “Zeus.”

The federal agencies say Evil Corp.’s criminal proceeds likely are “significantly higher” than the estimated $100 million stolen, making the enterprise one of the biggest hacking groups ever, according to the release.

The Justice Department announced indictments against key ringleaders of the group, while the Treasury Department announced sanctions against Evil Corp. under the department’s Office of Foreign Assets Control (OFAC).

“Treasury is sanctioning Evil Corp as part of a sweeping action against one of the world’s most prolific cybercriminal organizations. This coordinated action is intended to disrupt the massive phishing campaigns orchestrated by this Russian-based hacker group,” said Steven Mnuchin, Secretary of the Treasury, in a statement. “OFAC’s action is part of a multiyear effort with key NATO allies, including the United Kingdom. Our goal is to shut down Evil Corp, deter the distribution of Dridex, target the “money mule” network used to transfer stolen funds, and ultimately to protect our citizens from the group’s criminal activities.”

The group targeted major corporations in addition to bank accounts using a variety of methods. Penneco Oil allegedly lost millions of dollars to Evil Corp., which were then transferred to a bank in Minsk, Belarus. The group also targeted, apparently unsuccessfully, the Sharon City School District in Western Pennsylvania, among other targets outside the financial services sector.

In all, the action targets 17 individuals associated with the organization, including Evil Corp.’s leader, Maksim Yakubets. The State Department has offered a $5 million reward for information on Yakubets.

In addition to his cybercriminal activities, Yakubets, “also provides direct assistance to the Russian government’s malicious cyber efforts, highlighting the Russian government’s enlistment of cybercriminals for its own malicious purposes,” according to the Treasury Department.

OFAC, Treasury and the Justice Department have been focused on taking action to spotlight the Russian government’s persistent use of known criminals in state-sponsored activity, which they have said blurs the lines between whether the activity is the work of strictly a criminal enterprise or Putin’s government itself.

However, it is rare for the U.S. government to successfully extradite criminals it has indicted from Russia, where most of those named in Wednesday’s action currently reside. Two Ukrainian co-conspirators named in the indictments, Yuriy Konovaleko and Yevhen Kulibaba, were extradited from the U.K. and pleaded guilty to conspiracy and racketeering charges in 2015. Both have already completed their sentences.

In addition to Yakubets, the actions name Denis Gusev “a senior member of Evil Corp,” who serves as the director of several other businesses based in Russia, including Biznes-Stolitsa, Optima, Treid-Invest, TSAO, Vertikal and Yunikom, which are involved in several different industries, among them trade, wholesale goods and forestry. The companies are also subject to OFAC sanctions, according to Treasury.

“Evil Corp relies upon a cadre of core individuals to carry out critical logistical, technical, and financial functions such as managing the Dridex malware, supervising the operators seeking to target new victims, and laundering the proceeds derived from the group’s activities.” Some of the other members cited for allegedly “providing material assistance” in this way, according to Treasury, are Dmitriy Smirnov, Artem Yakubets, Ivan Tuchkov, Andrey Plotnitskiy, Dmitriy Slobodskoy, and Kirill Slobodskoy.

Follow @CNBCtech on Twitter for the latest tech industry news.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: kate fazzini
Keywords: news, cnbc, companies, bank, hacking, corp, scheme, according, treasury, feds, department, yakubets, charge, evil, russians, massive, group, russian, action, million


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

The best ways to handle 10 stressful holiday gifting situations, according to an etiquette expert

Holiday gift giving (and spending) can be one of the most exasperating shopping experiences. It’s important for people to remember that gift giving really is really dependent on your personal budget. Post: When it comes to gift giving in the workplace, we tend to not go up the ladder, but instead down the ladder. First and foremost, I would say don’t donate to a charity in someone else’s name without checking with them first. Even with gift cards, sometimes you need to know your audience prefere


Holiday gift giving (and spending) can be one of the most exasperating shopping experiences.
It’s important for people to remember that gift giving really is really dependent on your personal budget.
Post: When it comes to gift giving in the workplace, we tend to not go up the ladder, but instead down the ladder.
First and foremost, I would say don’t donate to a charity in someone else’s name without checking with them first.
Even with gift cards, sometimes you need to know your audience prefere
The best ways to handle 10 stressful holiday gifting situations, according to an etiquette expert Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: megan leonhardt
Keywords: news, cnbc, companies, holiday, ways, gift, really, best, dont, expert, person, according, cards, stressful, gifts, say, situations, gifting, giving, etiquette, family, handle


The best ways to handle 10 stressful holiday gifting situations, according to an etiquette expert

Holiday gift giving (and spending) can be one of the most exasperating shopping experiences. In fact, about 60% of Americans find holiday gift-buying to be the most financially stressful event of the year, far outpacing even tax season, according to a recent survey from Marcus by Goldman Sachs. But that doesn’t have to be the case, especially if you have polite and open conversations with friends and family ahead of time, says Lizzie Post, who is co-president of The Emily Post Institute and a host of the Awesome Etiquette podcast. We asked Post to weigh in on ways you can reduce your stress and efficiently handle 10 common (yet potentially awkward) gift situations this holiday season. The following answers have been lightly edited and condensed for clarity.

1. Who should you give gifts to and how much should you spend?

Lizzie Post: I love this question because there is one very easy answer: What’s in your budget? First, think about who are the priorities on your list this year. For some folks, their spouse or partner is the one person who they’re thinking of and are able to really put money toward this year. For other folks, they’re going to try to do other things for a wider circle of friends and family, whether that’s simply writing cards and hand delivering them or actually buying individual gifts. What matters is that you feel comfortable spending the budget that you have and allocating it to the people in your life. It’s important for people to remember that gift giving really is really dependent on your personal budget.

2. Should you give your manager a holiday gift?

Post: When it comes to gift giving in the workplace, we tend to not go up the ladder, but instead down the ladder. What that means is that often bosses will give some type of a group gift or even individual gifts to employees. But we don’t tend to see employees giving gifts to bosses. Now, this isn’t to say that bosses aren’t worthy of receiving gifts, or that a boss and an employee wouldn’t have a relationship in which that would feel comfortable. But typically, what you don’t want it to look like is that you’re buying any kind of favoritism. If you do have an awesome boss and your entire team just loves this manager so much, you and your coworkers might contribute to a gift for the boss or you guys might choose to do something like a lunch together, or something like that, to celebrate and say thank you.

3. Are you allowed to return gifts you don’t like?

Post: Some folks really don’t like the idea of the gifts that they’ve spent time and money and effort picking out for someone being returned or exchanged for anything. Other people feel that if there’s something you would like better, they want you to exchange it in order to get something that you would really want and use. For each pairing of gift giver and gift receiver, it’s going to be a little different. In my immediate family, we are really open and able to say to each other, Oh, my gosh, this is such a great sweater. But, you know, hot pink just isn’t my color. Do you mind if I return it for a sage green instead? And it’s totally fine. There’s no hurt feelings. With other gift giving relationships that I have, I would just accept the gift, graciously try to use it if I can. And if it doesn’t really fit into my life, then I just move on.

Hero Images | Hero Images | Getty Images

4. If the recipient never uses the gifts you buy them, is it appropriate to ask them about it?

Post: That’s a moment where I might choose to ask the other person this year what they really want. Maybe you’ve simply struck out in the past and a little direction would be appreciated on both your parts. I think opening up the conversation is OK, but simply asking someone what they would like is [another] thing — saying, Hey, you always get rid of my gifts; I guess I’m just a terrible gift giver. So what do you want? That’s really not the polite way to approach that conversation.

5. How do you tell people that you don’t want to exchange expensive gifts, potentially because you can’t afford it?

Post: I think that there’s kind of two avenues you can take. You can either just simply be direct and say, Hey guys, this year’s been a little bit difficult for me. I’m wondering if we might consider doing something different for our gift exchange. You can bring up the idea of doing non-material item gifts or only homemade gifts. Bear in mind, though, homemade gifts don’t always mean less expensive gifts. The other thing that you can do is simply give gifts that are within your means. It’s OK. If you’ve typically given gifts out and this year is a year where you’re only giving cards, it’s OK. You don’t actually have to explain that to anyone. If you want to, you might say, I know this isn’t the type of gift I’ve typically given in years past, but I really just wanted to focus this year on how grateful I am to have you in my life. I doubt people will pick up the phone and call you and say, Hey, why didn’t you send me that gift?

6. Do you need to strictly stick to Secret Santa spending limits?

Post: I really think it’s important to stick to the limits that the group has put out for a gift exchange. I think that it’s very easy, especially when we do have the means, to find and buy that perfect $35 gift for a $10 gift exchange. But saying, I just couldn’t resist isn’t an excuse. Those caps are put in place for a reason and it’s important to abide by them. So skip that $35 gift and go find a $10 one that’ll really work.

Friends opening Christmas gifts in living room Caiaimage/Robert Daly | Caiaimage | Getty Images

7. How should you handle donations made in your name, particularly if it’s to an organization you may not support?

Post: This is a really tough one. First and foremost, I would say don’t donate to a charity in someone else’s name without checking with them first. Start off the conversation with something along the lines of, I really wanted to donate something in your name this holiday season. I’ve chosen these three charities and I wanted you to be able to pick which one you’d prefer that I make a donation to. Or even, What charity would you appreciate me donating to? I would not be trying to do this spitefully. This is not a way to get back at your cousin who is on the other side of the political spectrum from you. It’s really, really important that you handle this carefully and with a lot of consideration for the person who’s having the donation made in their name. That being said, the donation also should be something that the person who’s actually giving the money feels comfortable with, too.

8. It seems like nothing is more controversial than a gift card these days. Are there any hard and fast rules around giving gift cards for the holidays?

Post: You’ve got to know your audience. Even with gift cards, sometimes you need to know your audience preference within the world of gift cards. Some people won’t mind receiving gift cards to stores. Other people only want gift certificates to restaurants. Pay attention to your family and friends when they’re talking about these subjects. If you know that your sister or grandmother just really doesn’t like gift cards, don’t get that person a gift card. However, if you’ve got family members who are traveling from afar for the holidays and they don’t want to be lugging a lot of stuff back home, talk with them ahead of time about either shipping gifts to their home or giving them gift cards so they can get something they really like without too much hassle.

Hoxton/Justin Pumfrey | Hoxton | Getty Images

9. What do you do if you receive an unexpected gift from a friend or family member and you have no gift to give in return?

Post: If you receive a gift and you haven’t intended on giving this person a gift this holiday season, that’s OK. Most people get really worried in this moment and make up some kind of excuse for why they don’t have a gift in return. But I can guarantee you that the person who gave you this gift is not giving it to you because they are expecting something in return. Instead, focus on the generosity of the gift that’s been given to you. The appropriate response: Oh, my gosh. Thank you so much. This is so wonderful. You don’t need to say anything more than that. It’s really hard because you feel like maybe there’s gonna be this really long, awkward pause, but there usually isn’t. And you always have the option of getting them something later on. But don’t lie and say, Oh, I left it at home and then go get a gift for some. There’s no reason to lie.

10. Is it ever appropriate to just give cash?


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: megan leonhardt
Keywords: news, cnbc, companies, holiday, ways, gift, really, best, dont, expert, person, according, cards, stressful, gifts, say, situations, gifting, giving, etiquette, family, handle


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

GM, LG Chem to create $2.3 billion battery cell venture for electric vehicles, to create 1,100 jobs in Ohio

DETROIT – General Motors and LG Chem will invest up to $2.3 billion by 2023 to form a joint venture in Ohio for the production of battery cells for electric vehicles. The joint venture could decide to supply to other companies in the future, according to GM. The plant, according to GM, is expected to drive cost per kilowatt-hours, a key metric for making electric vehicles more affordable, to “industry-leading levels.” Tesla last year said its Gigafactory 1 battery plant with Panasonic in Nevada


DETROIT – General Motors and LG Chem will invest up to $2.3 billion by 2023 to form a joint venture in Ohio for the production of battery cells for electric vehicles.
The joint venture could decide to supply to other companies in the future, according to GM.
The plant, according to GM, is expected to drive cost per kilowatt-hours, a key metric for making electric vehicles more affordable, to “industry-leading levels.”
Tesla last year said its Gigafactory 1 battery plant with Panasonic in Nevada
GM, LG Chem to create $2.3 billion battery cell venture for electric vehicles, to create 1,100 jobs in Ohio Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: michael wayland
Keywords: news, cnbc, companies, vehicles, plant, according, expected, chevrolet, battery, venture, cell, ohio, jobs, create, chem, joint, electric


GM, LG Chem to create $2.3 billion battery cell venture for electric vehicles, to create 1,100 jobs in Ohio

DETROIT – General Motors and LG Chem will invest up to $2.3 billion by 2023 to form a joint venture in Ohio for the production of battery cells for electric vehicles.

The companies plan to build a battery cell factory in the Lordstown area of northeast Ohio. Construction of the plant, which is expected to be among the largest in the world, is scheduled to begin in mid-2020.

The facility, according to GM, is projected to create 1,100 new jobs for the area, which lost thousands of jobs when the automaker shuttered its Lordstown assembly plant and sold it to an all-electric vehicle start-up earlier this year.

The equally owned joint venture at this time plans to exclusively supply batteries for GM’s next generation of EVs, which GM has said is expected to arrive in 2021. The joint venture could decide to supply to other companies in the future, according to GM.

Shares of GM were relatively flat after opening at $35.60 on Thursday. The stock, which has a market value of nearly $51 billion, has gained 6% since the start of the year.

GM CEO and Chairman Mary Barra said the new plant is “another important and significant step toward an all-electric future,” which includes at least 20 new all-electric vehicles globally by 2023.

“The new facility will help us scale production and dramatically enhance EV profitability and affordability,” she said during a media event Thursday at the automaker’s battery lab in suburban Detroit.

GM has said its next-generation EVs will be profitable after years of automakers losing money on current and earlier EVs.

The plant, according to GM, is expected to drive cost per kilowatt-hours, a key metric for making electric vehicles more affordable, to “industry-leading levels.”

The plant’s annual capacity is expected to be more than 30 gigawatt-hours “with flexibility for expansion,” according to GM. Tesla last year said its Gigafactory 1 battery plant with Panasonic in Nevada had reached an annualized rate of 20 GWh, making it “the highest-volume battery plant in the world.”

The GM-LG Chem collaboration also includes a joint development agreement to develop and produce advanced battery technologies.

LG Chem Vice Chairman and CEO Hak-Cheol Shin described the venture as “another milestone in General Motors-LG Chem relationship.”

“The joint venture that we are signing today is more than just a collaboration,” he said Thursday at the media event. “It marks the beginning of a great journey that will create an emission-free society and transform the global automotive market into an eco-friendly era.”

LG Chem, which expects its battery business to grow to $25 billion by 2024, currently provides battery cells for GM’s Chevrolet Bolt EV. The South Korean-based chemical company previously supplied the cells for the discontinued Chevrolet Volt and Chevrolet Spark EVs.

It’s unclear at this time whether or not the plant will be unionized. GM said it will be up to the venture’s employees to decide.

The jobs at the joint venture plant are expected to pay lower than top wages at the automaker’s assembly plants, however, Barra said they will be “very good paying jobs.”


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: michael wayland
Keywords: news, cnbc, companies, vehicles, plant, according, expected, chevrolet, battery, venture, cell, ohio, jobs, create, chem, joint, electric


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Digital bank Chime quadruples valuation in less than a year to $5.8 billion as it takes on megabanks

A war is brewing in digital banking, and one leading player just loaded up on ammunition. Chime, the largest of a new breed of branchless U.S. banks, raised $500 million in a series E round it closed recently valuing the company at $5.8 billion, according to people with knowledge of the situation. That is a remarkable increase from its last round nine months ago, when it raised $200 million at a $1.5 billion valuation. That’s led to torrid growth, going from 1 million accounts last year to about


A war is brewing in digital banking, and one leading player just loaded up on ammunition.
Chime, the largest of a new breed of branchless U.S. banks, raised $500 million in a series E round it closed recently valuing the company at $5.8 billion, according to people with knowledge of the situation.
That is a remarkable increase from its last round nine months ago, when it raised $200 million at a $1.5 billion valuation.
That’s led to torrid growth, going from 1 million accounts last year to about
Digital bank Chime quadruples valuation in less than a year to $5.8 billion as it takes on megabanks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: hugh son
Keywords: news, cnbc, companies, takes, banks, raised, million, growth, according, billion, wework, startups, uber, chime, megabanks, bank, quadruples, digital, valuation


Digital bank Chime quadruples valuation in less than a year to $5.8 billion as it takes on megabanks

A war is brewing in digital banking, and one leading player just loaded up on ammunition.

Chime, the largest of a new breed of branchless U.S. banks, raised $500 million in a series E round it closed recently valuing the company at $5.8 billion, according to people with knowledge of the situation. That is a remarkable increase from its last round nine months ago, when it raised $200 million at a $1.5 billion valuation.

The move shows that for select start-ups, massive amounts of cash are still readily available, even after investors have grown skittish after Uber and WeWork exposed excesses in private funding markets. The $500 million it raised, led by DST Global, is the biggest single equity investment for a so-called challenger bank, eclipsing the $400 million garnered by Brazilian firm NuBank, according to CB Insights.

Chime CEO Chris Britt plans on using the funds to develop new products and double his employee count by the end of 2020, including a new Chicago office, according to one of the people, who declined to be identified speaking about the bank’s strategy. It will also weigh acquisitions of other fintech firms, this person said.

The San Francisco-based start-up is gearing up for growth just as competition is set to intensify. Apart from other U.S. challenger banks like Varo and Current, seemingly every consumer fintech firm has added a bank account in the past year. On top of that, tech giants including Google and Uber have indicated plans to join the fray, and successful overseas digital banks like Monzo and N26 are coming to the U.S. as well.

But Chime appears to have struck on a winning formula: It targets the disaffected customers of traditional banks with no-fee accounts, free overdrafts and early direct deposits on paychecks. That’s led to torrid growth, going from 1 million accounts last year to about 6.5 million this month.

Still, in the wake of the WeWork debacle, there is greater skepticism of money-burning start-ups with stratospheric valuations, and Chime will have to prove that it can maintain growth with an eye towards profitability. In recent months, funding rounds in Silicon Valley are taking longer to close, and in the case of digital bank Aspiration have stalled, as CNBC reported last month.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: hugh son
Keywords: news, cnbc, companies, takes, banks, raised, million, growth, according, billion, wework, startups, uber, chime, megabanks, bank, quadruples, digital, valuation


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Zoom shares slide as growth slows

Zoom CEO Eric Yuan speaks at the Dropbox Work In Progress Conference in San Francisco on September 25, 2019. Shares of video conference software company Zoom initially rose but then fell as much as 11% after the company issued fiscal third-quarter earnings that surpassed estimates on Thursday, revealing slowing growth. Here are the key numbers:Earnings: Excluding certain items, 9 cents per share, vs. 3 cents per share as expected by analysts, according to Refinitiv. Excluding certain items, 9 ce


Zoom CEO Eric Yuan speaks at the Dropbox Work In Progress Conference in San Francisco on September 25, 2019.
Shares of video conference software company Zoom initially rose but then fell as much as 11% after the company issued fiscal third-quarter earnings that surpassed estimates on Thursday, revealing slowing growth.
Here are the key numbers:Earnings: Excluding certain items, 9 cents per share, vs. 3 cents per share as expected by analysts, according to Refinitiv.
Excluding certain items, 9 ce
Zoom shares slide as growth slows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: jordan novet
Keywords: news, cnbc, companies, analysts, slide, growth, according, revenue, share, shares, slows, quarter, expected, zoom, company, cents


Zoom shares slide as growth slows

Zoom CEO Eric Yuan speaks at the Dropbox Work In Progress Conference in San Francisco on September 25, 2019.

Shares of video conference software company Zoom initially rose but then fell as much as 11% after the company issued fiscal third-quarter earnings that surpassed estimates on Thursday, revealing slowing growth.

Here are the key numbers:

Earnings: Excluding certain items, 9 cents per share, vs. 3 cents per share as expected by analysts, according to Refinitiv.

Excluding certain items, 9 cents per share, vs. 3 cents per share as expected by analysts, according to Refinitiv. Revenue: $166.6 million, vs. $154.9 million as expected by analysts, according to Refinitiv.

Zoom’s revenue increased 85% on an annualized basis in the third quarter of the company’s 2020 fiscal year, which ended on October 31, according to a statement. Last quarter, revenue growth was 96% from the previous year, falling below 100% for the first time in at least one year.

Zoom said it had 74,100 customers with over 10 employees at the end of the quarter, up 67% year over year. The growth rate in the prior quarter was 78%.

The company had 546 customers that were contributing over $100,000 in revenue over the trailing 12 months at the end of the quarter, up 97%. The percentage is down from 104% one quarter ago.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: jordan novet
Keywords: news, cnbc, companies, analysts, slide, growth, according, revenue, share, shares, slows, quarter, expected, zoom, company, cents


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post