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TradeBriefs Editorial

From the Editor's Desk

The Single Biggest Mistake Crushing Your Company - Inc.com (No paywall)

My co-founder and I built BottleKeeper, an e-commerce brand, from $0 to $8,000,000 in three years with no employees, investors, or debt. We were acquired with just four team members as an eight-figure revenue company. Now, that is an "after the fact" sound bite that was nearly a decade of struggle and almost came to a catastrophic end on countless occasions.

Yes, we made a lot of mistakes at BottleKeeper, but we also built a healthy business that was efficient and profitable. This wasn't an accident, it was intentional. Now I can share hard-earned lessons to help other early-stage operators and e-commerce entrepreneurs achieve outweighed results.

Continued here


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Opinion | What Schumer and Biden Got Right About Netanyahu  
  

Opinion | What Schumer and Biden Got Right About Netanyahu
Before I explain why, I want to be very clear about one thing that Schumer and Biden have also made clear: The war in Gaza was forced on Israel by a vicious attack by Hamas on Israeli border communities, populated by the most dovish Israelis in the country’s political spectrum. If you are calling for a “cease-fire now” in Gaza and not a “cease-fire and hostage release now,” it’s making the problem worse. Because it just feeds Israelis’ fears that the world is against them, no matter what they do.


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Mamiko Tanaka: Who Is Shohei Ohtani's Wife?  
  

Mamiko Tanaka: Who Is Shohei Ohtani's Wife?
After dropping a bombshell last month that he was newly wed, Los Angeles Dodgers player and baseball sensation Shohei Ohtani sent fans into a frenzy on Thursday, revealing the identity of his wife, who had until now remained a mystery. 






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Pay to work: Rappi now charges delivery drivers in Brazil a weekly fee  
  

Pay to work: Rappi now charges delivery drivers in Brazil a weekly fee
On January 1, Breno de Souza, a Rappi delivery worker in São Paulo, was met with an unpleasant surprise when he logged on to the app to start his first shift of the year: an unexplained debt of 12 reais ($2.40) on his account. He then found out that it was Rappi’s new service fee for workers.


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We're one step closer to a global cybersecurity standard



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Reddit, YouTube must face lawsuits claiming they enabled Buffalo mass shooter  
  

Reddit, YouTube must face lawsuits claiming they enabled Buffalo mass shooter
Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.




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From premium beef to divine sushi, Japan shines with washoku, one of its top soft power assets - The Straits Times (No paywall)  
  

From premium beef to divine sushi, Japan shines with washoku, one of its top soft power assets
This everyday Japanese expression, said before tucking in, is imbued with outsized meaning as it honours everything that made the dish possible – from Mother Nature to the farmers, fishermen, logistics workers, the craftsmen behind the crockery and the chef.


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Musk defends his ketamine use as beneficial for investors in new video  
  

Musk defends his ketamine use as beneficial for investors in new video
The U.S. Energy Department (DOE) on Tuesday will unveil final rules that will significantly soften its proposal that would have slashed electric vehicles' (EV) mileage ratings to meet government fuel economy requirements in 2027, sources said.




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Nvidia unveils powerful chip in push to extend dominance in AI market - FT (No paywall)  
  

Chief executive Jensen Huang claims Blackwell GPUs are substantially faster than its market-leading AI hardware


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Deloitte launches biggest reorganisation in a decade to cut costs - FT (No paywall)  
  

Revamp comes after Big Four firm decided against splitting up its audit and consulting businesses




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Reddit Co-Founder Steve Huffman Says Site Protests Are a Feature, Not a Bug - Inc.com (No paywall)  
  

Reddit Co-Founder Steve Huffman Says Site Protests Are a Feature, Not a Bug
Co-founder and chief executive Steve Huffman and his executive team took a break from their IPO roadshow on Monday to post a video responding to questions they'd solicited from Redditors. In the video, Huffman addressed threats to the business and to its users' experiences from artificial intelligence, from protests within the site itself, and from the additional financial pressures it could face as a public company beholden to increasing shareholder value.


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Israel Gaza: US reports death of senior Hamas military leader Marwan Issa  
  

Israel Gaza: US reports death of senior Hamas military leader Marwan Issa
Details are also released of President Biden's high-stakes call to Israeli leader Benjamin Netanyahu.




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This fossil fuel-rich Scandinavian country topped its highest GDP growth estimates in January - Fortune Europe (No paywall)  
  

This fossil fuel-rich Scandinavian country topped its highest GDP growth estimates in January
Norway’s economy grew in January at a much faster pace than anticipated, adding to evidence the fossil fuel-rich Nordic country is weathering the fallout from higher cost of living better than expected.


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Pension funds snap up real estate at steep discounts - FT (No paywall)  
  

PPF and Border to Coast among schemes hunting in the secondary market as their peers offload less liquid assets




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Nvidia enlists humanoid robotics' biggest names for new AI platform, GR00T | TechCrunch  
  

Nvidia enlists humanoid robotics' biggest names for new AI platform, GR00T | TechCrunch
It’s tough to argue with Nvidia CEO Jensen Huang when he notes, “Building foundation models for general humanoid robots is one of the most exciting problems to solve in AI today.” The humanoid form factor is one of the most hotly contested topics in the world of robotics at the moment, raising venture capital by the boatload, while generating massive skepticism along the way.


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Biden’s Climate Law Has Created a Growing Market for Green Tax Credits  
  

Biden’s Climate Law Has Created a Growing Market for Green Tax Credits
Typically, in order to cash in on tax incentives, American companies need to have high enough revenue and profits to generate significant federal tax liability. That has made it hard for small companies, start-ups and others struggling to turn a profit to benefit from the climate law. So the Inflation Reduction Act’s authors created what are effectively two workarounds to help the law boost those companies, both of which require registering projects with the I.R.S.




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Walter Massey, a Physicist With a Higher Calling  
  

Walter Massey, a Physicist With a Higher Calling
That pondering would shape his career. Dr. Massey thrust himself into supporting Black students at a time when colleges around the country were adjusting to court-ordered integration. He bolstered education at underserved high schools to better prepare aspiring Black scientists for the rigor of college. And he helped found the National Society of Black Physicists, which has grown to support thousands of students and professionals in the field.


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Opinion | The Islamophobic Smear Campaign Dividing Democrats  
  

Opinion | The Islamophobic Smear Campaign Dividing Democrats
This is an outrage. The attacks on Mangi are utterly disingenuous. Major Jewish organizations, including the Anti-Defamation League, have made statements of support for Mangi, whose pro bono legal work has focused in part on fighting for religious liberty and against religious bias across multiple faiths. The American Jewish Committee, which has joined several amicus briefs to the Supreme Court led by Mangi, described him as “a person of integrity, champion of pluralism, and adversary of discrimination against any group.”


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'Only God can change this place': Haitians see no end to spiralling violence  
  

'Only God can change this place': Haitians see no end to spiralling violence
Bodies pile up even in the "safest" areas of Port-au-Prince, a capital city reeling from gang warfare.


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Germany's refusal to send 'Taurus' missiles to Ukraine is highly contentious — but won't break the government  
  

Germany's refusal to send 'Taurus' missiles to Ukraine is highly contentious — but won't break the government
Current poll results are also part of why the government coalition is unlikely to break up, as only the opposition would benefit, Franke explained. While the Green party and the CDU may broadly agree on Taurus, a coalition between them would be almost impossible as their goals and style are simply too different, Sauer noted.


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EPA bans asbestos, a deadly carcinogen still in use decades after partial ban  
  

EPA bans asbestos, a deadly carcinogen still in use decades after partial ban
WASHINGTON — The Environmental Protection Agency on Monday announced a comprehensive ban on asbestos, a carcinogen that is still used in some chlorine bleach, brake pads and other products and that kills tens of thousands of Americans every year.


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Biden Looks to Shore Up Latino Support in Visit to Nevada and Arizona  
  

Biden Looks to Shore Up Latino Support in Visit to Nevada and Arizona
Democrats have in recent years relied on Latino voters, particularly in states like Nevada and Arizona, which could tip the 2024 presidential election. Latinos make up roughly one in four eligible voters in Arizona and Nevada — states Mr. Biden won in 2020. But Mr. Trump has found support among many in the diverse Latino electorate, including evangelicals and those focused on border security. Mr. Trump has appealed in particular to Latinos without college degrees, an educational divide that has captured the attention of the White House.


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Outside Groups Pledge Over $1 Billion to Aid Biden’s Re-election Effort  
  

Outside Groups Pledge Over $1 Billion to Aid Biden’s Re-election Effort
“The sheer scale of what we’re talking about has never been seen before in our country’s history,” said Tiffany Muller, the president of End Citizens United, the government reform advocacy group working to limit the ability of these types of outside groups to spend unlimited sums on elections.


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Trump Sues ABC and Stephanopoulos, Saying They Defamed Him  
  

Trump Sues ABC and Stephanopoulos, Saying They Defamed Him
Mr. Trump, who often galvanizes his supporters by attacking the press, has filed a string of unsuccessful defamation suits against major media organizations. Federal judges have dismissed his suits against CNN, The New York Times and The Washington Post.


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R.B.G. Award Organizer Cancels Ceremony After Fallout Over Honorees  
  

R.B.G. Award Organizer Cancels Ceremony After Fallout Over Honorees
Before the foundation released the statement, the children of Justice Ginsburg had demanded that their mother’s name be removed from the prize, which until this year was called the Justice Ruth Bader Ginsburg Woman of Leadership Award.


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Biden to target 'rent gouging' landlords, as high housing costs factor into 2024 race  
  

Biden to target 'rent gouging' landlords, as high housing costs factor into 2024 race
The share of respondents who said that \"large corporations taking advantage of inflation\" deserved part of the blame for price increases climbed 9% from November to March, reaching 63%. The poll had a margin of error of +/-3.1%.


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Nvidia: US tech giant unveils latest artificial intelligence chip  
  

Nvidia: US tech giant unveils latest artificial intelligence chip
Mr O\'Donnell said the market was growing so quickly that \"even if Nvidia loses some share, they can still grow their overall business because there\'s just a lot of opportunities for everybody\".


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Unilever is cutting jobs and splitting off ice cream unit  
  

Unilever is cutting jobs and splitting off ice cream unit
\"It doesn\'t sound like there\'s a buyer lined up so it looks like a demerger will be the choice,\" said Mr Britzman. \"Investors can then decide whether they want to keep the new Ice Cream business or sell into the market.\"


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Japan raises interest rates for first time in 17 years  
  

Japan raises interest rates for first time in 17 years
The decision to finally hike rates hinged on the country\'s major corporations increasing wages for their workers to help them cope with the rising cost of living, Nobuko Kobayashi from consulting firm EY-Parthenon told the BBC.


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Fed Meets Amid Worries That Inflation Progress Might Stall  
  

Fed Meets Amid Worries That Inflation Progress Might Stall
“The Federal Reserve should not be in a race to cut rates,” said Joseph Davis, Vanguard’s global chief economist, explaining that the economy has held up better than would be expected if rates were weighing on growth drastically, and that cutting prematurely risks allowing inflation to run warmer in 2025. “We have a growing probability that they don’t cut rates at all this year.”


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Jail Cells? Morgues? Your Cruise Ship Has Some Surprises for You.  
  

Jail Cells? Morgues? Your Cruise Ship Has Some Surprises for You.
The brig, usually a bare-bones room with a bed and bathroom facilities, does not have iron bars like a traditional jail cell. It is used to detain guests who commit serious crimes like assault or possession of illegal substances. Drunk and disorderly passengers may be put under “cabin arrest,” meaning they cannot leave their cabin without a security escort.


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Email ‘Mistake’ on Inflation Data Prompts Questions on What Is Shared  
  

Email ‘Mistake’ on Inflation Data Prompts Questions on What Is Shared
Huge swaths of Wall Street trade securities are tied to inflation or rates. But the universe of people receiving the email was tiny — about 50 people, the Bureau of Labor Statistics later said.


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Japan Raises Interest Rates for First Time in 17 Years  
  

Japan Raises Interest Rates for First Time in 17 Years
The central bank also scrapped policies in which it bought Japanese government bonds, as well as funds that invest in real estate or track stocks, to keep a lid on how high market rates can go, encouraging businesses and households to borrow. The bank had been slowly relaxing the policy over the past year, resulting in higher yields on debt as the country’s growth prospects improved.


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From Russia, Elaborate Tales of Fake Journalists  
  

From Russia, Elaborate Tales of Fake Journalists
Ever since its forces invaded two years ago, Russia has unleashed a torrent of disinformation to try to discredit Ukraine’s leader, Volodymyr Zelensky, and undermine the country’s support in the West.


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The Unbearable Vagueness of Medical ‘Professionalism’  
  

The Unbearable Vagueness of Medical ‘Professionalism’
As a result, professionalism exists at two levels, as both a lofty standard of behavior and a (sometimes literal) list of dos and don’ts that blur ethics and appearance. That second meaning can prove particularly pernicious to residents of color, said Dr. Adaira Landry, an adviser at Harvard Medical School and co-author on a recent journal article on the “overpolicing” of Black residents.


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One Thing Most Countries Have in Common: Unsafe Air  
  

One Thing Most Countries Have in Common: Unsafe Air
The few oases of clean air that meet World Health Organization guidelines are mostly islands, as well as Australia and the northern European countries of Finland and Estonia. Of the non-achievers, where the vast majority of the human population lives, the countries with the worst air quality were mostly in Asia and Africa.


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Food Experts Predict ‘Imminent’ Famine in Northern Gaza  
  

Food Experts Predict ‘Imminent’ Famine in Northern Gaza
As Israeli negotiators arrived in Qatar for a new round of talks on a cease-fire and the release of hostages held by Hamas and its allies, President Biden had a phone conversation with Prime Minister Benjamin Netanyahu of Israel on Monday, according to Jake Sullivan, the president’s national security adviser.


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Canada Lawmakers Back Motion Meant to Help Bring Peace to Gaza  
  

Canada Lawmakers Back Motion Meant to Help Bring Peace to Gaza
“We’re entangled in a web of devastation and under pressure to pick sides,” Mélanie Joly, Mr. Trudeau’s foreign minister, said during the debate. “We have to condemn both sides.”


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Putin Hails Conquests in Ukraine in Red Square Spectacle  
  

Putin Hails Conquests in Ukraine in Red Square Spectacle
Underscoring the artificial nature of the election, Mr. Putin brought the three puppet competitors the Kremlin had picked to run against him onto the stage on Red Square and offered each a turn at the microphone, saying they all took “different approaches” but had “one Motherland.”


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Oprah Takes on Weight Stigma in the Ozempic Era  
  

Oprah Takes on Weight Stigma in the Ozempic Era
“People just are constantly getting this message, both internal bias and then external bias from other people,” she said. Some might think, “‘I shouldn’t have to rely on medication, I shouldn’t be dependent on them,’” she added.


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Opinion | It Turns Out the ‘Deep State’ Is Actually Kind of Awesome  
  

Opinion | It Turns Out the ‘Deep State’ Is Actually Kind of Awesome
The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: [email protected].


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Review: With Jeremy Strong, ‘An Enemy of the People’ Is Still Making Trouble  
  

Review: With Jeremy Strong, ‘An Enemy of the People’ Is Still Making Trouble
With modesty and steadiness as the givens of this world, the doctor naturally does not expect to be heralded as a hero when he determines that the water supply to the town’s new spa is polluted with potentially fatal pathogens. But he does expect to be heeded.


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Unilever to split off its ice cream unit including Ben & Jerry's; shares pop 5%  
  

Unilever to split off its ice cream unit including Ben & Jerry's; shares pop 5%
Unilever has faced growing calls over recent years, including from activist investors, to overhaul its sprawling business amid wide fluctuations in the share price. The stock has lost around 6% from a year ago.


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An activist short-seller is making a name for itself by taking on Carl Ichan, Gautam Adani and others  
  

An activist short-seller is making a name for itself by taking on Carl Ichan, Gautam Adani and others
\"Hindenburg Research has injected a breath of fresh air into the domain of public short-selling, revitalizing a sector that found itself beleaguered by SEC investigations and hate from retail investors.\"


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War, reforms and a possible successor? Here's what we could see from 6 more years of Putin  
  

War, reforms and a possible successor? Here's what we could see from 6 more years of Putin
\"The person who gets the job will inevitably be seen in a new light ... For many years now, Putin has avoided a major reshuffle among Russia\'s top officials in order to head off any speculation about power transitions or successors. Now, however, he has little choice but to empower a major new political player,\" he said.


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Cricket Australia cancels men's T20 against Afghanistan due to concern over women's rights  
  

Cricket Australia cancels men's T20 against Afghanistan due to concern over women's rights
The decision to call off last year's ODI series prompted criticism from the Afghan Cricket Board, which labelled the boycott "pathetic" and "extremely disappointing", while Afghanistan's T20 captain, Rashid Khan, threatened to quit playing in the Big Bash League in response. He eventually signed for the Adelaide Strikers, but injury ruled him out of the tournament.




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