How artisans at the UK’s last piano factory keep a centuries-old industry alive

Summary List Placement Adam Cox founded Cavendish Pianos in Yorkshire in 2012 to save the British piano industry from disappearing. British factories made more than 20,000 pianos a year at the industry’s height in the late 19th and early 20th centuries.  The Cavendish team builds the pianos with the support of a collective of artisans […]

JPMorgan just promoted 2 CIOs to newly formed groups focused on improving employees’ experience using the bank’s tech

Summary List Placement JPMorgan just made two tech promotions focused on improving employees’ workplace experience and helping them do their jobs better. The bank promoted James (JR) Reid to be chief information officer of the newly created employee experience and corporate technology organization, which is modernizing the tech employees use internally. Meanwhile, Melissa Goldman, JPMorgan’s […]

Investors love crypto but worry about its carbon footprint. Here’s how asset managers like Fidelity and Invesco are addressing their concerns.

Summary List Placement US investors are hungry for cryptocurrency, evidenced by bitcoin’s rapid rise to a market capitalization of more than $1 trillion and the crypto giant Coinbase’s recent initial public offering, which blew investors’ expectations away. In addition, the US Securities and Exchange Commission is reviewing at least nine applications for the first domestic […]

Dan Kamensky, the hedge fund manager who said ‘maybe I should go to jail,’ is sentenced to 6 months in prison

Summary List Placement After nine months, Dan Kamensky’s prediction came true. The founder of distress hedge fund Marble Ridge Capital received a prison sentence of six months on Friday after being arrested for securities fraud, wire fraud, extortion and bribery, and obstruction of justice in early September. “I feel quite confident in judging the defendant […]

The CEO of Jessica Alba’s The Honest Company just took the turbulent brand to an IPO. He credits his focus on the 4 Ps: people, plan, process, and performance.

Summary List Placement Consumer goods brand The Honest Company has had its share of challenges since actress Jessica Alba founded it in 2011. The company has been accused of not staying true to its pledge to help people “live happy healthy lives.” In 2016, the company was hit with two class action lawsuits over ineffective sunscreen. And […]

Conversations on LinkedIn nearly doubled since January, and it could be a sign that wealthy Americans are ready to pursue their dream jobs following a pandemic slump (MSFT)

Summary List Placement If you’re a burned out professional day-dreaming of quitting your job, you are might find yourself spending more time on LinkedIn. Microsoft CEO Satya Nadella said the company saw “record engagement” on LinkedIn, as conversations increased by 43%, content shared increased 29%, and hours learning new skills increased by a whopping 80% […]

Here’s where immigrants are moving to in the US

Summary List Placement Immigration is one of the key drivers of population growth in the US. Here’s where people from other countries moved to last year. The Census Bureau released population estimates on May 4 for 3,143 counties and county-equivalents. The new data show how populations have changed from 2019 to 2020. Not only does […]

Goldman Sachs announces a new crypto trading team in an internal memo, report says

Summary List Placement Goldman Sachs formally announced the launch of its newly-formed cryptocurrency trading desk to markets employees in an internal memo, CNBC reported on Friday. The team has successfully executed two types of bitcoin-linked trades — bitcoin non-deliverable futures and CME BTC futures, the bank said. Members will report to Goldman partner Rajesh Venkataramani. It […]

Goldman Sachs announces a new crypto trading team in an internal memo, report says

Summary List Placement Goldman Sachs formally announced the launch of its newly-formed cryptocurrency trading desk to markets employees in an internal memo, CNBC reported on Friday. The team has successfully executed two types of bitcoin-linked trades — bitcoin non-deliverable futures and CME BTC futures, the bank said. Members will report to Goldman partner Rajesh Venkataramani. It […]

U.S. Bank tries hybrid branches as it adapts to rising digital channel usage

Summary List Placement U.S. Bank has made a series of overhauls to branches in the Twin Cities region of Minnesota to reposition physical banking as digital channels eat away at its usage, per the Minneapolis/St. Paul Business Journal. The latest example, a renovated concept branch in Eden Prairie, features self-service stations with digital devices instead of […]

Here’s how much every US state pays its teachers and how much they spend on each student

Summary List Placement SEE ALSO: I’m a teacher in Florida and a caregiver to my 84-year-old father. My school district is making me choose between going back to work during the pandemic or losing my livelihood. DON’T MISS: 21 photos that show much being a school teacher has changed in the last 50 years 51. Mississippi 2019-2020 […]

Lenders face increasing young borrower demand for open banking in credit underwriting

Summary List Placement The UK’s under-35s are 21% more likely to want to share bank data to access loans than in May 2020, per a Credit Kudos report. Credit Kudos is a challenger credit reference agency that aggregates borrowers’ transaction data to help lenders assess their creditworthiness. It surveyed 2,000 consumers in the UK from March […]

PayPal achieves record volume in Q1 and reveals plans for super app

Summary List Placement PayPal’s total payment volume (TPV) jumped 46% year-over-year (YoY) on a constant currency basis, reaching $285 billion, per its Q1 earnings release. Recent results are a sharp increase from the same period last year, when TPV grew 19% YoY. The payments giant added 14.5 million net new active accounts (NNAs) in the period, […]

The research firm Gartner put together a 37-slide deck on the problems with current remote and hybrid work models. Here are the 3 slides you need to see.

Summary List Placement As companies plot their return to the office, HR leaders are tasked with figuring out the best model for their teams.  Companies like Spotify and Zillow are investing in hybrid-work models that allow employees to work from practically anywhere. JPMorgan CEO Jamie Dimon, meanwhile, hopes to have everyone back in the office, […]