One of the most accurate Wall Street strategists in 2022 shares 3 reasons a recession is still on the way — putting stocks in danger of a significant pullback
Piper Sandler’s Michael Kantrowitz still sees a recession ahead for the US economy. He says unemployment claims data often looks benign before revisions make a trend more obvious. According to RBC, the average recessionary bear market is a stock drawdown of 32%. When new employment data is released, investors, for the most part, take it…
The CEO of UNest, a college savings app that raised almost $40 million, says the company is insolvent, according to leaked email
Ksenia Yudina founded UNest in 2018 to make it easier for families to save for college. The company raised close to $40 million and signed Baron Davis and Laura Dern as brand ambassadors. Now Yudina is resigning and UNest is insolvent, according to an email obtained by Insider. Ksenia Yudina, the founder and CEO of fintech…
Strange Amazon job posting suggests the company is fishing for ‘opportunistic’ hires
Amazon accidentally posted a job for a director of security engineering for something called “Project Panda.” The now-deleted post said that the listing was meant to find “opportunistic candidates.” That fueled some speculation about Amazon advertising positions the company doesn’t intend to fill. Amazon inadvertently published a job posting for a director of security engineering…
Hollywood is building a $100 billion love-hate relationship with AI. Here’s what’s ahead, according to the top creative exec at ‘Star Wars’ VFX shop Industrial Light & Magic.
Artificial intelligence and machine learning are increasingly impacting Hollywood filmmaking. Rob Bredow, Industrial Light & Magic’s chief creative officer, explained where the innovation’s going. Bredow — a key voice in the booming space — was named to Insider’s inaugural AI 100 list. For more than 40 years, Harrison Ford has donned the fedora and cracked…
Check out the pitch deck that helped Scope3, which helps companies measure the carbon impact of their ads, raise $20 million from investors like GV
Scope3 this week said it raised a $20 million Series B round, led by Alphabet’s GV. The company helps the ad industry measure its carbon emissions and root out inefficiences. It now plans to invest in its team to expand into new markets across Europe and APAC. Scope3, a startup that helps businesses measure the…
The top influencers selling products on Amazon Live, according to new data analysis
Amazon’s livestreaming platform offers influencers tools to earn commission from sales. The influencer-marketing platform Captiv8 analyzed data to find the top creators on Amazon Live. Here’s a breakdown of the top influencers on Amazon livestreaming to followers. Amazon uses its influencer network to sell products and promote sales all year, but especially during Prime Day.…
‘Being a Doctor and Courageous Runs in My Family’: French Scientist Behind Hydroxychloroquine Treatment for COVID-19
On February 25, 2020, Didier Raoult, a renowned French microbiologist, announced hydroxychloroquine (HCQ) as an effective cure for COVID-19. Former US President Donald Trump cited his research the following month, calling the drug a “game changer.” Dr. Raoult has since become embroiled in a worldwide controversy.Initially, in March 2020, the Food and Drug Administration (FDA)…
Is Quercetin a Safer Alternative to Hydroxychloroquine?
Evidence suggests that hydroxychloroquine works for COVID-19 because it is a zinc ionophore, which means it transports zinc into your cells. A study is being conducted by Canadian and Chinese researchers to evaluate the efficacy of this alternative powerful immune booster and broad-spectrum antiviral. AT-A-GLANCE STORY A Chinese trial that compared the clinical outcomes of…
The CEO of $800 million startup SuperOrdinary explains why he’s betting on live shopping and creators as it raises new funding to expand
SuperOrdinary is a brand accelerator that acquired creator-monetization startup Fanfix in 2022. After raising a $58 million Series B, SuperOrdinary is betting on live shopping and creators. Insider spoke with founder and CEO Julian Reis about the startup’s path toward unicorn status. SuperOrdinary aspires to be the next unicorn to emerge from the creator economy,…
