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TradeBriefs Editorial

From the Editor's Desk

How AT&T Employees Turned Process Gripes Into $230 Million Saved

The spring 2024 issue’s special report looks at how to take advantage of market opportunities in the digital space, and provides advice on building culture and friendships at work; maximizing the benefits of LLMs, corporate venture capital initiatives, and innovation contests; and scaling automation and digital health platform.

The spring 2024 issue’s special report looks at how to take advantage of market opportunities in the digital space, and provides advice on building culture and friendships at work; maximizing the benefits of LLMs, corporate venture capital initiatives, and innovation contests; and scaling automation and digital health platform.

An $8 expense — rejected because of a travel policy technicality — led to my own first “raindrop.” That term is unique to AT&T, but the leadership challenge isn’t: A raindrop is an annoying policy, an outdated process, or a tool that’s no longer useful — anything that hinders rather than helps you and your organization move forward. One or two of these may be tedious but bearable; pool enough of them, however, and a day at work can make people feel as if they’re drowning in bureaucracy. Every raindrop wastes time, energy, and/or money.

Continued here


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James D. Robinson III, Transformative Head of American Express, Dies at 88  
  

James D. Robinson III, Transformative Head of American Express, Dies at 88
This cultural shift also prompted the securities industry to respond with increasingly sophisticated and complex computer-enabled products. Among them were highly leveraged derivatives that figured importantly in the market meltdown of 2008.


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Gaza's catastrophic food shortage means mass death is imminent, monitor says  
  

Gaza's catastrophic food shortage means mass death is imminent, monitor says
A senior correspondent with nearly 25 years' experience covering the Palestinian-Israeli conflict including several wars and the signing of the first historic peace accord between the two sides.


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UNICEF says over 13,000 children killed in Gaza in Israel offensive  
  

UNICEF says over 13,000 children killed in Gaza in Israel offensive
Kanishka Singh is a breaking news reporter for Reuters in Washington DC, who primarily covers US politics and national affairs in his current role. His past breaking news coverage has spanned across a range of topics like the Black Lives Matter movement; the US elections; the 2021 Capitol riots and their follow up probes; the Brexit deal; US-China trade tensions; the NATO withdrawal from Afghanistan; the COVID-19 pandemic; and a 2019 Supreme Court verdict on a religious dispute site in his native India.


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From foster care to beauty titan: Meet the next CEO of Sephora North America - Fortune (No paywall)  
  

From foster care to beauty titan: Meet the next CEO of Sephora North America
When Artemis Patrick becomes CEO of Sephora North America next month, she’ll be in a rare and privileged position: Rather than becoming a glass cliff CEO, the fate of many female executives, she’s stepping into corner office while the LVMH-owned brand is on an upswing.


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Tesla gets a new edge in India's $151 billion auto market - Fortune (No paywall)  
  

Tesla gets a new edge in India's $151 billion auto market
For years, India has levied prohibitively high tariffs—as much as 100%—on imported foreign EVs. That means cars such as Tesla’s Model 3, which retails for $38,990 in the U.S., would cost almost $80,000 in India. (Largely because of the tariffs, Tesla currently doesn’t sell any vehicles in the country.) 


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Shock and confusion as Turkey seizes earthquake survivors' homes  
  

Shock and confusion as Turkey seizes earthquake survivors' homes
South Korean President Yoon Suk Yeol joined U.S. Secretary of State Antony Blinken and other foreign officials this week in calling for measures to counter digital threats to freedom as Seoul hosted the Summit for Democracy.


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Can UBS become Europe's Morgan Stanley? - FT (No paywall)  
  

Can UBS become Europe's Morgan Stanley?
A year on from its rescue of Credit Suisse, the Swiss banking behemoth must make a success of its wealth business


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Mike Lynch goes on trial in US over Silicon Valley's 'largest fraud' - FT (No paywall)  
  

Autonomy founder faces charges of falsifying accounts before HP bought his software company in 2011


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Tech Job Seekers Without AI Skills Face a New Reality: Lower Salaries and Fewer Roles - mint (No paywall)  
  

Tech Job Seekers Without AI Skills Face a New Reality: Lower Salaries and Fewer Roles
The rise of artificial intelligence is affecting job seekers in tech who, accustomed to high paychecks and robust demand for their skills, are facing a new reality: Learn AI and don’t expect the same pay packages you were getting a few years ago.


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Tesla shares gain after Model Y price hike in U.S., Europe   
  

Tesla shares gain after Model Y price hike in U.S., Europe
\"While we continue to believe that Tesla is well positioned for longer-term growth given its strong position in the EV and clean energy markets ... we believe that softer near-term EV market conditions are weighing on earnings,\" the analyst said.


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Cuba blames US for stoking protests amid power cuts and food shortages  
  

Cuba blames US for stoking protests amid power cuts and food shortages
On X, the writer Yuliet Teresa called the US embassy’s response to the protests “hypocritical and cynical”, but suggested the Cuban media should report “what people feel, their anxieties and concerns”.


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At least a dozen dead as gang violence spills into wealthy areas of Haiti capital  
  

At least a dozen dead as gang violence spills into wealthy areas of Haiti capital
Also on Sunday, a government-chartered flight carrying more than 30 US citizens fleeing the violence landed in Miami after the US embassy in Port-au-Prince earlier this month urged US citizens to leave “as soon as possible”.


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Can You Guess How Many Americans Actually Retire With a Million Bucks?  
  

Can You Guess How Many Americans Actually Retire With a Million Bucks?
If you expect Social Security benefits to be part of your retirement picture, it’s important to understand how much you might be able to collect. You can receive your full benefit amount when you retire at your normal retirement age, but it’s possible to take benefits as early as 62. Doing so, however, can shrink the amount you’re able to receive. On the other hand, you can increase your benefit amount by waiting until age 70 to apply. Deciding when to take Social Security benefits is another topic you may want to discuss with your financial advisor.


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Serbian Leader Says Kushner Deal Is Not an Effort to Influence Trump  
  

Serbian Leader Says Kushner Deal Is Not an Effort to Influence Trump
Opposition party leaders said they had not been properly informed of the plan and called it inappropriate that an American company owned by a Trump family member would be allowed to earn profits off a site that a United States-led coalition bombed 25 years ago.


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Supreme Court Lets Public Office Ban Stand for ‘Cowboys for Trump’ Founder  
  

Supreme Court Lets Public Office Ban Stand for ‘Cowboys for Trump’ Founder
Mr. Griffin’s lawyer, Peter Ticktin, said he believed the court’s order means his client remains banned for life from state and federal office. “This puts Couy in a class of his own,” Mr. Ticktin said. “He is the only American to have been removed from office based on the 14th Amendment, and we are looking to see if there is a way to return to the courts of New Mexico so that justice can be done.”


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UK energy grid needs £60bn upgrade to hit green target, plan says  
  

UK energy grid needs £60bn upgrade to hit green target, plan says
It prompted the National Grid\'s ESO to run a scheme allowing discounts for some households if they reduced energy usage during peak hours, as well as broader questions on the UK\'s energy security.


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Highlights From SpaceX’s Starship Test Flight  
  

Highlights From SpaceX’s Starship Test Flight
The Starship system consists of two stages — the Super Heavy rocket booster and the upper-stage spacecraft, which is also called Starship. The company intends both to be fully reusable in the future. Read more about Starship.


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Abortion opponents settle lawsuit against D.C. museum over 'pro-life' hat ban  
  

Abortion opponents settle lawsuit against D.C. museum over 'pro-life' hat ban
A spokesman for the American Center for Law & Justice, the conservative Christian organization that represented the plaintiffs in both lawsuits, had no immediate comment on the latest settlement.


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The Federal Reserve may not cut interest rates just yet. Here's what that means for your money  
  

The Federal Reserve may not cut interest rates just yet. Here's what that means for your money
Since those rates have likely maxed out, this is the time to lock in certificates of deposit, especially maturities longer than one year, he advised. \"There\'s no incentive to hold out for something better because that\'s not the way the wind is blowing.\"


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Elon Musk says Trump 'came by' while he was eating breakfast, did not ask for money  
  

Elon Musk says Trump 'came by' while he was eating breakfast, did not ask for money
The New York Times first reported that Trump met with Musk on March 3 in Palm Beach, along with several wealthy, Republican donors. Musk did not mention the other people at the breakfast in his interview with Lemon.


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UAW says VW workers at Tennessee plant file for union election  
  

UAW says VW workers at Tennessee plant file for union election
VW\'s hourly wages are lower than those the UAW negotiated last year with the Detroit automakers, which this year range between about $25 an hour and $36 an hour for production workers, including estimated cost-of-living adjustments, or COLA. By the end of the UAW contracts, top wages are expected to surpass $42 an hour for production workers.


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Homebuilder sentiment turns positive for the first time since July  
  

Homebuilder sentiment turns positive for the first time since July
\"With the Federal Reserve expected to announce future rate cuts in the second half of 2024, lower financing costs will draw many prospective buyers into the market,\" said Robert Dietz, chief economist for the NAHB. \"However, as home building activity picks up, builders will likely grapple with rising material prices, particularly for lumber.\"


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Queensland farming lobby launches legal challenge against Great Artesian Basin carbon capture trial  
  

Queensland farming lobby launches legal challenge against Great Artesian Basin carbon capture trial
He said the conservation group had been lobbying the federal government to include a requirement to assess the impact of CCS projects on underground aquifers in an impending overhaul of the EPBA Act.


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Nvidia and Johnson & Johnson to develop new AI applications for surgery   
  

Nvidia and Johnson & Johnson to develop new AI applications for surgery
\"I think all of us as patients should get really excited about the fact that this kind of technology is going to be able to enter in and be within reach of all the clinicians and all the hardworking nurses and all the health-care staff,\" Powell said. \"They\'re going to have the very best tools and information at their disposal.\"


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UnitedHealth Group has paid more than $2 billion to providers following cyberattack  
  

UnitedHealth Group has paid more than $2 billion to providers following cyberattack
UnitedHealth hasn\'t disclosed what kind of data was compromised in the attack, or whether it cooperated with the cyber threat actor in order to restore systems. The company said it\'s been working closely with law enforcement and third parties like Palo Alto Networks and Google Cloud\'s Mandiant to assess the breach.


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Saudi Aramco CEO says energy transition is failing, world should abandon 'fantasy' of phasing out oil  
  

Saudi Aramco CEO says energy transition is failing, world should abandon 'fantasy' of phasing out oil
Nasser said the world should focus more on reducing emissions from oil and gas in addition to renewables. The CEO said efficiency improvements alone over the past 15 years have reduced global energy demand by almost 90 million barrels per day oil equivalent. Wind and solar, meanwhile, have substituted only 15 million barrels over the same period, he said.


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Exxon is not trying to acquire Hess in dispute with Chevron over Guyana oil assets, CEO says  
  

Exxon is not trying to acquire Hess in dispute with Chevron over Guyana oil assets, CEO says
\"We want to make sure the rights afford to us under the JOA are recognized and conformed with,\" Woods told CNBC\'s \"Squawk on the Street\" in a separate interview at CERAWeek. Woods said Exxon is also trying to find out how much value Chevron\'s deal is placing on Hess\' Guyana assets.


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Biden wants to make student loan forgiveness tax-free permanently   
  

Biden wants to make student loan forgiveness tax-free permanently
The tax rules around forgivable student debt could become especially important in the coming months as the Biden administration rolls out its revised student loan forgiveness plan, which has become known as Biden\'s \"Plan B.\"


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A top Costco executive just gave an update on the fate of the $1.50 hot dog and soda combo  
  

A top Costco executive just gave an update on the fate of the $1.50 hot dog and soda combo
Want to make extra money outside of your day job? Sign up for CNBC\'s new online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories. Register today and save 50% with discount code EARLYBIRD.


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New Banksy mural depicting tree foliage appears in north London  
  

New Banksy mural depicting tree foliage appears in north London
In December, artwork by Banksy showing three grey drones across a \"STOP\" traffic sign in south London was removed by an unidentified man in broad daylight as passersby looked on. Police later made arrests.


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Harvard-trained neuroscientist: The No. 1 'cheat code' highly successful people use to get ahead at work  
  

Harvard-trained neuroscientist: The No. 1 'cheat code' highly successful people use to get ahead at work
Want to land your dream job in 2024? Take CNBC\'s new online course How to Ace Your Job Interview to learn what hiring managers are really looking for, body language techniques, what to say and not to say, and the best way to talk about pay. CNBC Make It readers can save 25% with discount code 25OFF.


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Move to overturn FGM ban in the Gambia postponed  
  

Move to overturn FGM ban in the Gambia postponed
Speaking before Monday’s decision, Janet Ramatoulie Sallah-Njie, the special rapporteur on the rights of women in Africa for the African Commission on Human and Peoples’ Rights, said she was concerned that if the FGM law was scrapped, laws around early and forced marriage could follow.


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Libya coastguard accused of hampering attempt to save more than 170 people  
  

Libya coastguard accused of hampering attempt to save more than 170 people
A spokesperson for the European Commission said: “We are not able to control the actions by individuals. When it comes to search and rescue it is clear that search and rescue is an international obligation for everyone and international maritime law is very clear. All actions that put people’s lives at risk must be avoided at all times.”


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Idris Elba reveals 'dream' of building eco city on island off Sierra Leone  
  

Idris Elba reveals 'dream' of building eco city on island off Sierra Leone
The actor told the broadcaster his late father would probably think the dream too big. But he said he would be proud, and tell his son "If you're going to do it, make sure you do it properly. You do it good, you do it with all your heart because that's the best you can do".


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Medical studies find no trace of physical harm in Havana syndrome patients  
  

Medical studies find no trace of physical harm in Havana syndrome patients
“Several of my clients were told they had to participate in the study if they wanted to receive medical treatment for their injuries, a significant faux pas in a medical arena that promotes informed consent,” he said.


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Australia politics live: Ukrainian ambassador demands meeting with ABC after 'bowl of vomit' Four Corners episode  
  

Australia politics live: Ukrainian ambassador demands meeting with ABC after 'bowl of vomit' Four Corners episode
Quick readers may have seen two posts from a Chris Minns speech which was given in November. Due to a communication error, I thought it was new and posted it as such, but we have made the decision to remove the posts to cut down on confusion. Apologies for that - and an oops on my part. The perils of live coverage (you can see all my mistakes in real time).


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Man and woman in Sydney hospital after alleged hit and run that followed 'neighbour dispute'  
  

Man and woman in Sydney hospital after alleged hit and run that followed 'neighbour dispute'
The man, 42, was in a critical condition after suffering head, chest and leg injuries on Monday night while the woman, 41, was in a serious but stable condition after suffering head injuries.


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NT residents assess damage from Tropical Cyclone Megan after evacuation efforts fail  
  

NT residents assess damage from Tropical Cyclone Megan after evacuation efforts fail
Megan was downgraded to a tropical low south of Borroloola on Tuesday morning. The Bureau of Meteorology said it would move west through inland parts of the Northern Territory over the next few days.


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Australia's power regulator drafts price cuts of up to 7.1% for households as generation costs ease  
  

Australia's power regulator drafts price cuts of up to 7.1% for households as generation costs ease
Recent data show prices were already falling, with the median market offer easing 1-5% in most zones in 2024. The most competitive market offers were 18-23% below the default market offer, Savage said.


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Australia's big electricity generators say nuclear not viable for at least a decade  
  

Australia's big electricity generators say nuclear not viable for at least a decade
"Nobody in this country has even the faintest idea how to build a nuclear power plant," Durrant-Whyte, a former nuclear adviser to the UK government, told NSW upper house estimates earlier this month.


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Michelin hails 'cultural dynamism' as 52 French restaurants earn their first stars  
  

Michelin hails 'cultural dynamism' as 52 French restaurants earn their first stars
To avoid spoiling Monday's party, the 26 restaurants that lost their single star - generally because of a change of chef - as well as the two restaurants that were demoted from three to two stars and from two to one, were named earlier this month.




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