Executive Leadership Briefing

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Executive Leadership Briefing

Don't be the last to know. Stay informed on the day's top headlines, before you finish your morning cup of coffee. Turbine Labs’ Daily 3-minute "Executive Leadership Briefing" singles out the most impactful economic, business, and global headlines. Powered by our AI platform, you are guaranteed essential information to start your day. Prefer to read your headlines? Subscribe to the daily executive briefing, delivered straight to your inbox: https://www.turbinelabs.com/executive-leadership-briefing Curious about a different topic? Learn more about our products and services at: https://turbinelabs.com/

  1. 10/11/2022

    Security concerns heighten ahead of midterm elections - October 11, 2022

    Portugal became the latest country to formally position itself as a haven for remote workers, introducing a “digital nomad” visa that will become available at the end of the month. Portugal’s tourism numbers have increased since 2020 but still remain low compared to pre-pandemic levels. Croatia, Iceland and Greece are among those already offering this style of visa in Europe and some countries in Southeast Asia have also launched similar incentives. The offers come as more U.S. companies push employees back into the office despite resistance from workers. The New Zealand government confirmed plans to tax agricultural long-lived gasses and biogenic methane that mainly comes from cow and sheep burps separately as part of its pledge to cut methane emissions 10% by 2030. The farm levy, which would be a world first, has angered some farmers and prompted opposing lawmakers to suspect the plan may actually increase global emissions by moving farming to other, less efficient countries. New Zealand is the world’s biggest dairy exporter, with agriculture not only playing a major role in the economy but also accounting for half the country’s total greenhouse gas emissions. Lawsuits, harassment, calls to change balloting procedures and demands for election records are adding pressure on U.S. election officials ahead of midterm elections. While providing information to the public is a part of the job of an election worker, election skeptics and deniers have occasionally become threatening and demanding. A new poll found four in 10 Republicans and one in four Democrats say they will blame election fraud if their party doesn’t win control of Congress in November. A deluge of threats and intimidating behavior, in battleground states particularly, has prompted increased security outside polling centers and election offices. Late-night talk shows, once a decades-long successful franchise for network television, have taken a hit amid the rise in streaming services. Some executives have concluded that the cost to produce some late-night talk shows, particularly at 12:30 a.m., is no longer feasible in the era of sinking ratings. Streaming continues to hold the most-watched TV format – a welcome sign for the companies that have launched direct-to-consumer platforms in recent years and are vying to attract subscribers in a crowded market. New Mexico’s governor voided four pre-statehood proclamations that targeted Native Americans Monday in a move meant to strengthen bonds with Native American communities. Many states and localities now observe the second Monday in October as Indigenous Peoples Day instead of – or in addition to – Columbus Day. A poll found support for Columbus is waning and recognition of Indigenous Peoples Day is more widespread, with 23% of U.S. adults preferring to use that designation. CONTENT FACTS. https://www.turbinelabs.com/ (Turbine Labs) has tracked 4,367 media articles and blogs and 57,760 social media posts over the last 24 hours. Questions or feedback? Don't hesitate to https://www.turbinelabs.com/contact (reach out) to us directly.

    4 min

  2. 10/06/2022

    Space advertisements closer to reality - October 6, 2022

    The majority of CEOs are preparing for a recession according to a new survey with 91% of CEOs reporting they think a recession will happen in the next year. While most CEOs reported optimism in their companies’ ability to handle the economic downturn, a number of businesses announced layoffs and rollbacks of ESG programs to soften expected financial losses. KPMG CEO Paul Knopp noted a recession will not hit all industries evenly, with companies in the tech and mortgage industries likely to suffer the most. The report warned that companies attempting to recover from the COVID-19 pandemic also run the risk of suffering disproportionately from a large economic setback such as a recession. The U.S. murder rate increased at a slower pace in 2021 compared to the previous year according to data released by the FBI. Economic pressure and labor shortages within law enforcement were highlighted by some experts as major contributing factors to crime in the U.S. The new crime report is notable for including more details about crimes than before, however observers noted the amount of law enforcement agencies contributing to the report was significantly lower than past reports and consequently painted a less clear picture of crime in the U.S. Moreover, some reporters pointed out the country’s most populous metropolitan areas, Los Angeles and New York City, had their numbers estimated by the agency because some police departments in the cities did not report their statistics. Mortgage rates surged to their highest point since the peak of the 2000s housing bubble with the average rate for a 30-year mortgage at 6.75%. Applications for home loans and refinancing plummeted as a result of steadily increasing mortgage rates. Hurricane Ian added to the falling demand, with applications from Florida dropping by roughly 31%. Wall Street firms warned the housing market is likely headed toward a significant slowdown as home prices dip from record highs and are likely to decline more as the Federal Reserve combats inflation. Space billboards could turn a profit for companies even as their projected costs reach as high as $65 million according to new research. Russian scientists proposed a constellation of roughly 50 satellites that could arrange themselves into shapes and graphics to advertise various products and services while orbiting Earth for about three months. Observers estimate the net income of the project could reach about $111 million if 24 ads are displayed over three months at $4.6 million per ad, less than the cost of a Super Bowl ad. While some argued the paper highlights the viability of advertising in space, critics called the idea of space billboards “dystopian” and unnecessary. Americans’ holiday travel plans are expected to change as a result of inflation according to a survey from Bankrate. Respondents said they plan to travel for less time, seek out less expensive accommodations and travel to closer locations to save money. The rising costs of gas and airfare were pointed to as principal reasons for altering holiday travel plans, although the number of Americans changing their travel plans varied heavily by income. Notably, while the cost of air travel and lodging surged in recent months, the cost of rental cars plummeted by roughly 6% compared to last year. CONTENT FACTS. https://www.turbinelabs.com/ (Turbine Labs) has tracked 5,780 media articles and blogs and 68,977 social media posts over the last 24 hours. Questions or feedback? Don't hesitate to https://www.turbinelabs.com/contact (reach out) to us directly.

    4 min

  3. 09/30/2022

    Meta announces hiring freeze and company-wide budget cuts - September 30, 2022

    The number of Americans seeking unemployment dropped to a five-month low despite the Federal Reserve’s efforts to cool the U.S. job market. The dip marked the first time claims fell below 200,000 since May. With unemployment rates dropping, analysts predicted the Fed will not slow down the pace of its rate hikes with some saying the central bank will continue its policies “until something breaks.” Economists noted that the drop could be linked to employers “hoarding” labor after struggling to hire in the fallout of the COVID-19 pandemic. Toyota Motor Corp. reinforced its dedication to its electric vehicle strategy after being criticized by shareholders and environmental groups for its slow transition. The company’s CEO said the adoption of electric vehicles depends on the consumer, and despite the company’s stated commitment to EVs, warned a transition to exclusively electric vehicles could leave some consumers behind. Toyota is one of roughly 17 companies that have begun manufacturing EVs or announced plans to do so. Facebook parent company Meta announced a hiring freeze and budget cuts in an end to the company’s long period of rapid growth. The news came as the company suffered losses in the face of global economic setbacks and a hit to its advertising business linked to iOS privacy changes. Meta reported a 1% dip in revenue in the previous quarter, the first reduction since the company went public. Meta CEO Mark Zuckerberg told managers to identify “weak performers” within their departments and reduce their headcounts accordingly. President Joe Biden’s administration said it has scaled back eligibility for its student debt relief program following criticism and a lawsuit brought by six Republican-led states. The Department of Education’s new guidance affects roughly 700,000 borrowers and prevents those whose loans are not held by the department from seeking relief through the program. The lawsuit argued the program represents a significant overstep of executive powers by the administration and is unrelated to the financial burden borrowers have suffered as a result of the pandemic. Used cars have grown too expensive for a number of U.S. consumers due to increased prices and rising interest rates. Used car dealer CarMax reported abysmal quarterly earnings Thursday, driving down its own stock as well as competitors’ stocks in a signal to the market of the growing unaffordability of used vehicles. CarMax CEO Bill Nash cited a shift in consumer spending away from large purchases as a primary reason for the dip in earnings while the company’s chief financial officer said they cut costs to align with lower sales. CONTENT FACTS. https://www.turbinelabs.com/ (Turbine Labs) has tracked 4,367 media articles and blogs and 57,760 social media posts over the last 24 hours. Questions or feedback? Don't hesitate to https://www.turbinelabs.com/contact (reach out) to us directly.

    4 min

  4. 09/29/2022

    Happy Meals make a comeback for adults - September 29, 2022

    Hurricane Ian ripped through Florida’s Gulf Coast on Wednesday, flooding communities and leaving more than 2 million without power. Ian was downgraded to a tropical storm early Thursday after 155-mile-per-hour winds placed it just shy of a Category 5 storm, which would have been only the fifth time a Category 5 hurricane made landfall in the continental U.S. Several environmental factors, including pollution from Florida’s fertilizer mining industry and the state’s skyrocketing population, threatened to make Ian even more costly and destructive. The rising strength of the U.S. dollar is feeding inflation around the world, wreaking havoc on global economies as the Federal Reserve fights to tame domestic prices. The British pound touched a record low against the dollar following the announcement of a government plan to slash taxes as the country’s new prime minister sought to solve economic woes, spurring emergency action from the Bank of England. Central banks in the 10 largest developed economies have raised rates by a combined 1,965 basis points in this cycle to date. Mexico has emerged as the world’s deadliest country for environmental activism, according to an annual survey. Mexico saw 54 activists killed in 2021, contributing to more than 1,700 environmental activist deaths worldwide. Many of those who died were indigenous people, often involved in struggles to prevent the exploitation of their lands by mining, oil, logging or hydropower developers. Researchers believe that as the world attempts to compensate for the loss of fossil fuels in the wake of the war in Ukraine, campaigners will come under greater threats. McDonald’s will offer Happy Meals for adults this fall in an effort to bolster sales by playing on adult nostalgia. Until Oct. 30, adults can purchase a meal box with a classic McDonald's character, underscoring the marketing power of nostalgia particularly for millennials. Many have found major success on social media platforms by drawing on memories from the late ’90s and the early 2000s. CONTENT FACTS. https://www.turbinelabs.com/ (Turbine Labs) has tracked 4,508 media articles and blogs and 46,776 social media posts over the last 24 hours. Questions or feedback? Don't hesitate to https://www.turbinelabs.com/contact (reach out) to us directly.

    3 min

  5. 09/27/2022

    Brands prepare for updated data privacy law - September 27, 2022

    Lumber prices fell to their lowest level in more than two years, pointing to an anticipated downturn in construction as two-by-fours return to prices last seen before the pandemic. Wood prices exploded in the summer of 2020 as home sales and remodels surged, but have since declined by more than 70% from their peak. The shift to working from home drove more than 60% of the increase in house and rent prices during the pandemic, according to new research from the Federal Reserve. The increase in prices is likely to stick even as more corporations issue return-to-office mandates. More brands are taking notice of California’s data privacy laws after cosmetics retailer Sephora agreed to pay $1.2 million in penalties for alleged violations of the law, which was expanded and amended as the California Privacy Rights Act to take effect on Jan. 1. Many Big Tech companies have been more focused on the European Union’s General Data Protection Regulation, which has led to major fines for Meta and Amazon. Tik Tok is currently facing the prospect of a $29 million fine in the U.K. for failing to protect children’s privacy. More than half of principals said in a new survey they felt their schools were understaffed at the start of the current school year, highlighting a lingering shortage after just 20% of principals said their schools were understaffed before the pandemic. The U.S. Department of Education on Tuesday announced more than $60 million to strengthen the teacher pipeline, although some academics argue that many states’ staffing data misrepresents the true turnover rate. They say that hiring has been so difficult largely because of an increase in the number of open positions, spurred by large amounts of federal stimulus during the pandemic. A U.S. compliance official is calling on companies and their executives to prioritize the end of forced labor in their supply chains after a law passed in June that imposes restrictions on the importation of goods from China’s Xinjiang region, where many Uyghur people are located. The number of people experiencing forced labor has grown by 10 million in the last five years, according to researchers from Geneva, bringing the total number of people in modern slavery – referring to forced labor, forced marriage and human trafficking – to 50 million worldwide. More companies are turning to machine learning to get customer feedback, analyzing the language used in transcripts of calls and chats with AI rather than relying on customer surveys. While executives say the new solution could offer a richer report of the customer experience, many consumers have shown a reluctance to having their behavior tracked online. In Ohio, a venture operated by Alphabet Inc. that seeks to offer a “tech-enabled” approach to substance abuse through individualized approaches found that the non-technological, traditional care offered to those in the program has been most effective. CONTENT FACTS. https://www.turbinelabs.com/ (Turbine Labs) has tracked 4,555 media articles and blogs and 55,017 social media posts over the last 24 hours. Questions or feedback? Don't hesitate to https://www.turbinelabs.com/contact (reach out) to us directly.

    4 min

  6. 09/26/2022

    US manufacturing rebounds, relocates - September 26, 2022

    U.S. manufacturing is experiencing a major rebound following a shift away from services during the pandemic and a robust federal stimulus, which funneled resources back into domestic production. The rebound echoes the stretch of automation seen in the 1970s but across a different cross-section of the U.S., with factories for pharmaceuticals, craft beer and ice cream sprouting up in the Mountain West. While manufacturing jobs rebounded, other sectors such as small businesses continue to struggle to find talent. Far-right leader Giorgia Meloni is poised to become Italy’s first female prime minister, marking the first time since World War II that the country would be governed by a far-right nationalist regime. The European Union watched the election with caution due to the nature of Meloni’s political campaigns, which have been rooted in Euroscepticism and anti-immigration policies. The economic impact of COVID and the war in Ukraine has deeply damaged centrist parties all over Europe, evident in the new far-right-wing coalition that emerged from Sweden’s national election earlier this month. Officials in Florida are preparing for Tropical Storm Ian, closing Tampa Bay schools and alerting residents ahead of late Wednesday or Thursday, when the storm is projected to hit. If Ian quickly turns into Florida’s west coast on Wednesday, it could remain a Category 3 or higher hurricane. Computer models are divided over whether Ian will come ashore along Florida’s west coast Wednesday into Thursday or nearer the Panhandle Thursday into Friday. U.S. housing shortages are worsening due to a shortage in available land for development, doubling the price of vacant land in areas such as the Sunbelt. Land-use restrictions and a lack of public investment in roads, rail and other infrastructure have made it harder than ever for developers to find sites near big population centers, further complicating a market hit by higher interest rates and construction costs. The affordable end of the housing market has been squeezed from nearly every side, marking the end of entry-level starter homes. U.S. health officials are calling for action after a sharp rise in some sexually transmitted diseases. New syphilis infections rose by 26% in 2021, the highest rate since 1991. Prevention efforts had already been hobbled by years of inadequate funding, while delayed diagnosis and treatment contributed to the rise in cases during the pandemic. Officials are working on new solutions such as home-test kits to tackle a situation they say is “out of control.” CONTENT FACTS. https://www.turbinelabs.com/ (Turbine Labs) has tracked 208 media articles and blogs and 56,042 social media posts over the last 24 hours. Questions or feedback? Don't hesitate to https://www.turbinelabs.com/contact (reach out) to us directly.

    3 min

  7. 09/23/2022

    Feds estimate $45B in pandemic unemployment aid was stolen - September 23, 2022

    The House passed bipartisan legislation Thursday after months of negotiating within the Democratic caucus to advance the four police-funding bills. The House approved additional funding for departments with fewer than 125 officers and aid for de-escalation training and mental health services to decrease fatal encounters. A national poll found support dropping for the Black Lives Matter movement and a number of police reform policies, which have risen in popularity in recent years. Still, 90% of Black adults say multiple aspects of the criminal justice system need change to ensure equal treatment with 95% emphasizing a focus on police. An estimated $45.6 billion in pandemic unemployment benefits was likely fraudulently paid to criminals between March 2020 and April 2022 who used the Social Security numbers of dead people and prisoners to claim the aid. The updated figure is much higher than the $16 billion in fraudulent payments that the Labor Department cited in June 2021 and illustrates the daunting task still ahead of Washington as it seeks to recover the funds and hold criminals accountable. The number of Americans filing new claims for unemployment benefits has dropped since its peak in 2020 but hiring is expected to weaken as the Federal Reserve continues to raise interest rates. World Bank President David Malpass said it was clear greenhouse emissions are causing climate change, backtracking on his comments after coming under heavy criticism when he declined to say whether he accepts the scientific consensus on global warming. The comments alarmed many activists who were already urging the World Bank to do more to accelerate clean-energy ventures and halt funding for fossil-fuel projects. The comments come as the United Nations General Assembly heard calls from leaders urging countries to impose windfall taxes on fossil fuel companies. Target said it plans to hire up to 100,000 seasonal workers across the U.S. to prepare for the holidays, a level of hiring that is consistent with last year but slightly below 2020 numbers. Target said the holiday hires will receive its new wages that range from $15 to $24 an hour. Similarly, Walmart announced it plans to hire 40,000 seasonal workers and Michaels said it's seeking 15,000 people to staff up its craft stores for the shopping period. Although most retailers have trimmed their holiday hiring, they promised to give current members extra shifts and more earning potential. After Hurricane Fiona shut down Puerto Rico's entire power grid, which has been in bankruptcy for the last half-decade, the now Category 3 storm sideswiped Bermuda, heading straight for northeastern Canada. Canadians have been warned Fiona could be the strongest storm to ever hit the country’s coast, with experts saying it could be “Canada’s version of Hurricane Sandy” that caused an estimated $78.7 billion in damage. In Bermuda, Fiona pounded the island with heavy rains and 125 mph winds late Thursday, forcing school and office closures. Only about 32% of Puerto Rican residents had power restored as of Thursday and more than half were still without clean water. CONTENT FACTS. https://www.turbinelabs.com/ (Turbine Labs) has tracked 3,175 media articles and blogs and 58,978 social media posts over the last 24 hours. Questions or feedback? Don't hesitate to https://www.turbinelabs.com/contact (reach out) to us directly.

    4 min

  8. 09/22/2022

    NY AG sues Trump for vast fraud - September 22, 2022

    A federal appeals court granted a request from the U.S. Justice Department to allow its investigators to use roughly 100 documents with classified markings seized from former President Donald Trump’s Mar-a-Lago home in its ongoing criminal investigation and national security review. New York’s attorney general filed a lawsuit accusing Trump, his business and three of his children of lying to lenders and insurers by fraudulently overvaluing his assets by billions of dollars. As Trump weighs the possibility of reelection, a new poll indicates more than 6 in 10 Americans do not want him to run in 2024 in the wake of the criminal probes. NASA completed a practice run of fueling its moon rocket ahead of a possible launch attempt next week despite facing challenges due to hydrogen leaks. The hydrogen leaks have pained the launch team for months, putting uncertainty on Tuesday’s liftoff. Despite great geopolitical tension caused by Russia’s invasion of Ukraine, the U.S. continued its space partnership with Russia Wednesday when a Russian capsule took an American astronaut to space. Federal Reserve Chair Jerome Powell said the Fed would continue to fight toward slowing inflation after the U.S. central bank hiked interest rates for a third straight time and signaled that borrowing costs would continue to rise. Fed officials signaled they are willing to tolerate a recession to control inflation while Powell warned that the U.S. housing market would likely suffer a reversal in the wake of the hikes. U.S. mortgage interest rates reached 6.25% this week, their highest level since October 2008 as mortgage application volume increased for the first time in six weeks. Additionally, JPMorgan, Citigroup and Wells Fargo are raising their prime lending rates to the highest levels since the global financial crisis of 2008 following Wednesday's interest rate hike. Florida asked the U.S. Supreme Court to reverse a decision against a state law aimed at stopping social media companies from restricting users' political speech. Currently, SB 7072 allows political candidates to sue social media companies if they are removed from the platform for upwards of 14 days, but Florida’s law seeks to stop tech companies from moderating content based on political views. States have increasingly tried their luck at passing content moderation laws, and the Supreme Court weighing in could unleash more efforts but social sites are pushing back. TikTok announced Wednesday that it will ban campaign fundraising on its platform and political accounts will require "mandatory verification." A pair of new studies compared brisk walkers’ risk of disease and premature death with that of average or slow walkers and found that fast walking made a huge difference in a wide variety of health benefits. Walking 10,000 steps a day has been touted as the pinnacle of health by anyone with a fitness tracker, with the “Hot Girl Walk'' even becoming a trend on TikTok, but the research proves walking at a “brisk pace,” defined as upwards of 90 steps a minute, for 30 minutes a day greatly reduced risk of heart disease, cancer, dementia and death. Researchers determined that 9,800 steps a day offered the highest level of protection and was associated with a 50% reduced risk of developing dementia. CONTENT FACTS. https://www.turbinelabs.com/ (Turbine Labs) has tracked 3,516 media articles and blogs and 68,828 social media posts over the last 24 hours. Questions or feedback? Don't hesitate to https://www.turbinelabs.com/contact (reach out) to us directly.

    4 min
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About

Don't be the last to know. Stay informed on the day's top headlines, before you finish your morning cup of coffee. Turbine Labs’ Daily 3-minute "Executive Leadership Briefing" singles out the most impactful economic, business, and global headlines. Powered by our AI platform, you are guaranteed essential information to start your day. Prefer to read your headlines? Subscribe to the daily executive briefing, delivered straight to your inbox: https://www.turbinelabs.com/executive-leadership-briefing Curious about a different topic? Learn more about our products and services at: https://turbinelabs.com/

Information

  • Creator
    Turbine Labs
  • Years Active
    2021 - 2022
  • Episodes
    200
  • Rating
    Clean
  • Copyright
    © Copyright 2022 Turbine Labs
  • Show Website
    Executive Leadership Briefing

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