From TradeBriefs <[email protected]>
Subject Americans are slowing down on their credit card spending -- here's why - Oct 9, 2024
Date October 9, 2024 1:54 AM
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- The top 25 stories curated by editors and fellow readers!

From the Editor's Desk

Small Actions Make Great Leaders

Leadership has traditionally been taught as a set of larger actions,
such as having a difficult conversation or coaching someone. In
reality, leading well is an integrated activity, in which one is doing
many things simultaneously. One way to learn to do this better is to
think about leadership as a series of small actions that are
practiced, then carefully sequenced and interwoven during
interactions. For instance, instead of thinking of something as a
“difficult conversation,” a leader might aim to disarm, then show
appreciation, then appeal to values. Research identifies 25 such
actions, and learning to implement them in the right circumstances can
help one become a better leader.

Continued here
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_TradeBriefs: Newsletters for Decision-Makers!_

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Americans are slowing down on their credit card spending -- here's why
[[link removed]}&lead=419599&emailid=75937&nl=daily]
The drop in credit card spending by consumers comes after spending
habits have been adjusted following the periods of inflation and the
increase in interest rates, Ted Rossman, the senior banking analyst at
Bankrate, said to CNBC.

Work

At a Brooklyn warehouse, robots are reshaping the grocery-delivery
business - WSJ [[link removed]}&lead=419599&emailid=75937&nl=daily]
The pilot program for this project is unfolding inside a small
warehouse in Brooklyn, N.Y. Robotic arms pluck plastic bins filled
with groceries and deliver them to dozens of robots on the ground. The
robots send the items to workers, who pack them into grocery bags
before handing them off to Uber drivers for delivery. The machine can
assemble 50-item orders in six to eight minutes.















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Israel boosts troops on Lebanon border, signals maritime operation -
WSJ [[link removed]}&lead=419599&emailid=75937&nl=daily]
Israel expanded its offensive in Lebanon, sending more troops to
conduct ground operations along the countries’ shared border and
warning people to stay away from the coast of southern Lebanon ahead
of a maritime operation.

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Pfizer CEOs job is at risk. A shot of discipline could help. - WSJ
[[link removed]}&lead=419599&emailid=75937&nl=daily]
That is one implication behind activist investor Starboard Value’s
$1 billion stake and its push to make changes at Pfizer, which The
Wall Street Journal reported has support from former Pfizer Chief
Executive Ian Read and former Chief Financial Officer Frank
D’Amelio. Another important takeaway is that investors are eager to
see a more disciplined and focused development strategy from the
company.














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Russia pays criminals to sow mayhem in Europe, warns UK spy chief -
WSJ [[link removed]}&lead=419599&emailid=75937&nl=daily]
LONDON—The Kremlin’s spy services are on a “sustained mission to
generate mayhem" on Europe’s streets, the head of the U.K. domestic
spy agency warned Tuesday, saying that the number of investigations
into state-orchestrated threats his agency is handling has jumped by
nearly half in the past year.

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Samsungs chip technologies fall behind in early innings of AI game -
WSJ [[link removed]}&lead=419599&emailid=75937&nl=daily]
Instead, the South Korean technology giant is whiffing on
opportunities and falling behind the early winners of the AI era such
as Taiwan Semiconductor Manufacturing, known as TSMC, and local rival
SK Hynix.














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China hits EU brandy imports with anti-dumping penalties - FT
[[link removed]}&lead=419599&emailid=75937&nl=daily]
Trade retaliation comes after bloc voted to approve steep tariff
increases on Chinese electric cars

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Lebanon needs a new army and administration in the south, says Yair
Lapid - The Economist [[link removed]}&lead=419599&emailid=75937&nl=daily]
THE ONGOING war between Israel and Hizbullah is a chance, perhaps the
last, for Lebanon to become a normal state again. What is needed is
wholesale defeat of Hizbullah, and a new administration and army in
the countrys south.














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Slowing growth in life expectancy means few people will live to 100 -
New Scientist [[link removed]}&lead=419599&emailid=75937&nl=daily]
Will you live to 100? For the average person, the answer is probably
no, as growth in life expectancy is slowing across wealthier
countries, despite advances in healthcare and living conditions. This
suggests there may be a biological limit to how old we can get,
although some researchers believe further advances are possible.

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Scientists Share Mind-Boggling Insights About Human Memory by Mapping
Fly Brains - Discover Magazine [[link removed]}&lead=419599&emailid=75937&nl=daily]
In the science fiction film The Fly, a scientist accidentally
transforms into a winged insect that ultimately destroys him. In a
collection of science articles about the fly, a team of scientists
this week unpacked the details of how the Drosophila melanogaster
brain operates paving the way for a better understanding of how the
human mind turns senses into actions, processes thoughts, and, perhaps
most mysterious of all, stores experiences as memories.














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Compounding group sues FDA for removing Lilly's obesity drug from its
shortages list - STAT [[link removed]}&lead=419599&emailid=75937&nl=daily]
A trade group representing large compounding pharmacies has sued the
U.S. Food and Drug Administration for a reckless and arbitrary
decision to remove a widely prescribed Eli Lilly drug for combating
diabetes and obesity from an official shortages list.

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Hurricane Milton Now Extremely Dangerous Category 4 En Route To
FloridaHeres What To Know - Forbes [[link removed]}&lead=419599&emailid=75937&nl=daily]
Hurricane Milton has been downgraded to a Category 4 hurricane over
the Gulf of Mexico but was still described by the National Hurricane
Center as extremely dangerous Tuesday morning as it barrels toward the
Florida Gulf coast, less than two weeks after Hurricane Helene killed
at least 20 people in the state before causing devastating flooding
across parts of the southeastern U.S.














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How a Rates Rethink After Strong Jobs Data Could Shake Up Markets -
Inc [[link removed]}&lead=419599&emailid=75937&nl=daily]
The reverberations from a blowout U.S. employment number could
threaten an assortment of trades predicated on falling interest rates,
if stronger-than-expected growth spurs investors to radically shift
views on how much the Federal Reserve will need to cut borrowing costs
in the months ahead.

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Israel kills Hezbollah commander, launches new ground operation
[[link removed]}&lead=419599&emailid=75937&nl=daily]
The Israeli military announced on Tuesday that it had killed Suhail
Husseini, a senior Hezbollah commander in a strike on Beirut. Husseini
was reportedly responsible for overseeing the militant group's
logistics, budget, and management.














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Why AI Isnt Enough To Beat The Competition - Harvard Business Review
[[link removed]}&lead=419599&emailid=75937&nl=daily]
Many companies are investing heavily in artificial intelligence right
now, hoping to improve both efficiency and innovation. But, as with
any technology that sees widespread adoption, AI itself wont be enough
to build a long-term advantage over competitors, says Jay Barney,
professor at the University of Utahs Eccles School of Business. Yes,
leaders need to deploy these new tools, especially those that use
GenAI, to stay relevant. But they also need to think about how AI can
be applied to their business differentiating competencies and
offerings to truly add value. Barney is the coauthor, along with
Martin Reeves of Boston Consulting Group, of the HBR article AI Wont
Give You a New Sustainable Advantage.

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Get comfortable with it: Pajama pants are for everywhere - WSJ
[[link removed]}&lead=419599&emailid=75937&nl=daily]
Matilda Djerf, a Swedish influencer with 3 million followers on
Instagram, is known for her polished, feminine style and perfectly
bouncy blonde blowout. Her expansive closet, packed with oversized
suits, trench coats and dresses has inspired a legion of fans known as
“Matilda minions."













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Chinas ghost cities are a problem for Europes luxury brands, too |
Mint - WSJ [[link removed]}&lead=419599&emailid=75937&nl=daily]
Europe’s luxury stocks have gained 15% on average since China
announced measures to kick-start its economy late last month. Beijing
hopes a cut to mortgage rates, and lower down-payment requirements for
buyers of second homes, will jump-start the country’s troubled
housing market. A package of loans to brokers and insurers to buy
Chinese shares has had initial success at lifting the stock market.

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A self-driving truck startup wants Waymo, Cruise, and others to follow
its lead on safety
[[link removed]}&lead=419599&emailid=75937&nl=daily]
“We recognize that our communities hold incredibly high expectations
for the performance of [autonomous vehicles] on their roads - even
higher than the current status quo performance of human drivers,”
Cruise Chief Safety Office Steve Kenner said in a statement. “Safety
is inextricable from community trust and transparency - in fact it is
foundational to establishing that trust - which is why we have raised
the bar on ourselves to be a ‘Role Model Driver.’”

Work

Amazon's ex-retail boss Dave Clark launches new startup to solve
supply chain 'Franken-software'
[[link removed]}&lead=419599&emailid=75937&nl=daily]
VC activity in the supply chain tech industry has shown recent
improvement, although it's well below the levels seen in 2021 and
2022. Global investment in the space hit $2.4 billion, marking the
third straight quarter of growth, according to Pitchbook.

Work

Women's health startup Maven Clinic closes funding at $1.7 billion
valuation
[[link removed]}&lead=419599&emailid=75937&nl=daily]
"I think between more funding and research, more data points from
states, from platforms like ourselves, you can start to point and
paint a complete picture of everything going on that helps change
policy for the better," Ryder said. "The question is, to be honest,
when? And how many more people need to needlessly suffer in the
meantime?"

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How one startup is making cleaner asphalt by decarbonizing natural gas
[[link removed]}&lead=419599&emailid=75937&nl=daily]
Much of the company's testing has been done in milder climates, but
Modern Hydrogen is now working with National Grid at a gas facility on
Long Island, New York. It's the first trial in a colder climate. If it
holds up, that will open the company up to a broader field of clients.
New York produces almost 19 million tons of asphalt per year.

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Biotech veteran John Maraganore raises $135 million for his
'next-generation RNAi' startup
[[link removed]}&lead=419599&emailid=75937&nl=daily]
Allison DeAngelis is the East Coast biotech and venture capital
reporter at STAT, reporting where scientific ideas and money meet. She
is also co-host of the weekly biotech podcast, The Readout Loud.

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Voting Wars Open a New Front: Which Mail Ballots Should Count?
[[link removed]}&lead=419599&emailid=75937&nl=daily]
“It’s quite possible that the election will come down to
Pennsylvania, and, if it does, it could be a couple thousand votes,”
said Charles Stewart III, who leads the Election Data and Science Lab
at the Massachusetts Institute of Technology. “It could come down to
a recount where the two parties are arguing one ballot at a time.”

Work

Ex-Houston Police Officer Gets 60 Years in Prison in Drug Raid
Killings
[[link removed]}&lead=419599&emailid=75937&nl=daily]
“Never before has a police officer been convicted of murder for
actions taken while acting under color of law,” Ms. Ogg said. “We
are incredibly grateful to the brave jurors in this case and to the
families of Goines’s victims, and we believe this is a great victory
for the thousands of brave and honest men and women who serve in law
enforcement all around Harris County.”

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Biden Warns Floridians to 'Evacuate Now' as He Postpones Foreign Trip
Over Hurricane Milton
[[link removed]}&lead=419599&emailid=75937&nl=daily]
Mr. Biden said the government had already “surged thousands” of
emergency personnel across the Southeast as part of the response to
Hurricane Helene. He said he had told officials that his priority was
to increase the size and presence of those personnel.

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Lyft rolls out new payment measures to gain more drivers
[[link removed]}&lead=419599&emailid=75937&nl=daily]
Additionally, the company announced that it has partnered with Merit
America to provide drivers with courses and with access to affordable
health insurance with Stride Health.Correction: An earlier version of
this story misstated what Lyft announced. The company will pay drivers
more when there are unexpected inconveniences, such as traffic or
detours. There will be no additional charges for riders.

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Toyota is delaying plans to make electric cars in America
[[link removed]}&lead=419599&emailid=75937&nl=daily]
We shall see if these plans by Toyota actually pan out. So far, the
Japanese automaker has been very slow on the uptake of electric
vehicles, hedging on hybrids instead, and that plan has worked out for
it.

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Uber will use ChatGPT to get more people to use EVs
[[link removed]}&lead=419599&emailid=75937&nl=daily]
These efforts are another step towards the achievement of the
company’s sustainability initiatives, which include becoming a
zero-emission mobility platform in North America and Europe by 2030
and globally by 2040.

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Fei-Fei Li picks Google Cloud, where she led AI, as World Labs' main
compute provider | TechCrunch
[[link removed]}&lead=419599&emailid=75937&nl=daily]
World Labs’ deal with Google Cloud is not exclusive, meaning the
startup may still strike deals with other cloud providers. However,
Google Cloud says it will get a majority of its business moving
forward.

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3% of American High Schoolers Identify as Transgender, First National
Survey Finds
[[link removed]}&lead=419599&emailid=75937&nl=daily]
In the C.D.C.’s survey, transgender and gender-questioning students
reported feeling worse than even cisgender girls, who have drawn
national attention to a crisis in mental health among young people.

Work

SpaceX may receive FAA license for next Starship launch in time for
Sunday attempt
[[link removed]}&lead=419599&emailid=75937&nl=daily]
The Starship system is designed to be fully reusable and aims to
become a new method of flying cargo and people beyond Earth. The
rocket is also critical to NASA's plan to return astronauts to the
moon. SpaceX won a multibillion-dollar contract from the agency to use
Starship as a crewed lunar lander as part of NASA's Artemis moon
program.

Work

Harris says Iran is America's 'greatest adversary,' as Mideast war
weighs on U.S. priorities
[[link removed]}&lead=419599&emailid=75937&nl=daily]
In September, Iranian Foreign Minister Abbas Araqchi said that Iran
was ready to restart multilateral nuclear negotiations on the
sidelines of the United Nations General Assembly in New York.

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America's largest water utility hit by cyberattack at time of rising
threats against U.S. infrastructure
[[link removed]}&lead=419599&emailid=75937&nl=daily]
American Water said it first learned of the unauthorized computer
access on October 3, and was subsequently able to determine it was a
cyberattack. It said turning off customer systems was intended to
protect data, though it added that it is too soon to know whether any
customer information is at risk.

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Harris is borrowing from 'Republican playbook' as she leads Trump in
new national poll
[[link removed]}&lead=419599&emailid=75937&nl=daily]
Luntz faulted Harris for not offering specifics in her "60 Minutes"
interview on her claim that she would partially fund her economic
plans by making sure the richest Americans "pay their fair share in
taxes."

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LinkedIn goes deeper into puzzle games with Tango, following success
of Queens
[[link removed]}&lead=419599&emailid=75937&nl=daily]
Between the links and the daily videos, people are coming back for
more. LinkedIn's App Store ranking tends to dip on the weekends,
according to Sensor Tower, suggesting less usage when people aren't at
work.

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Brazil Unblocks X After Musk Backs Down
[[link removed]}&lead=419599&emailid=75937&nl=daily]
The apparent resolution to the monthslong battle represented a defeat
for Mr. Musk, who has styled himself as an outspoken defender of free
speech. His company lost a month of business in one of its biggest
markets, allowing rivals to gain a foothold there, only to end up
exactly where it began.

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When the Arctic Melts - The New Yorker [[link removed]}&lead=419599&emailid=75937&nl=daily]
In the middle of the night in the middle of the summer in the middle
of the Greenland ice sheet, I woke to find myself with a blinding
headache. An anxious person living in anxious times, Ive had plenty of
headaches, but this one felt different, as if someone had taken a
mallet to my sinuses. Id flown up to the ice the previous afternoon,
to a research station owned and operated by the National Science
Foundation. The station, called Summit, sits ten thousand five hundred
and thirty feet above sea level. The first person Id met upon arriving
was the resident doctor, who warned me and a few other newcomers to
expect to experience altitude sickness. In most cases, he said, this
would produce only passing, hangover-like symptoms; on occasion,
though, it could result in brain swelling and death. Belatedly, I
realized that Id neglected to ask how to tell the difference.

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How Health Care Affordability and Access Could Change under Harris or
Trump - Scientific American [[link removed]}&lead=419599&emailid=75937&nl=daily]
This article is part of a series on what the 2024 presidential
election means for science, health and the environment. Editors with
expertise on each topic delved into the candidates records and
policies and the evidence behind them. Read the rest of the stories
here.

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Leaked recordings detail a major environmental agency quietly gutting
its workforce
[[link removed]}&lead=419599&emailid=75937&nl=daily]
The US presidential campaign is in its final weeks and were dedicated
to helping you understand the stakes. In this election cycle, its more
important than ever to provide context beyond the headlines. But
in-depth reporting is costly, so to continue this vital work, we have
an ambitious goal to add 5,000 new members.

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These Are the Winners of the 2024 Nobel Prizes
[[link removed]}&lead=419599&emailid=75937&nl=daily]
The first prize, in the category of physiology or medicine, went to a
pair of American scientists on Monday for their work in discovering
microRNAs. The second prize, in the category of physics, went to an
American and British Canadian on Tuesday for their pioneering work on
machine learning.

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Google Maps now lets you reserve a parking spot inside the app
[[link removed]}&lead=419599&emailid=75937&nl=daily]
As TechCrunch notes, SpotHero has been finding its way into more
high-profile platforms as of late. Lyft has offered SpotHero
integration since 2022, for instance. More recently, SpotHero made its
way to Apple Maps. As for Google, today’s announcement represents
the latest effort by the search giant to keep Maps and Search relevant
in two increasingly competitive markets.

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True Anomaly, Slingshot Aerospace, and more at Disrupt 2024 |
TechCrunch
[[link removed]}&lead=419599&emailid=75937&nl=daily]
Don’t miss this opportunity to gain invaluable insights from
industry leaders who have navigated and thrived in the dual-use space.
Join us at Disrupt 2024 from October 28-30 in San Francisco to learn
how to take your startup beyond the conventional and make your mark in
government and defense markets. Secure your discounted tickets now and
be part of the future of innovation.

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Exclusive: AI mortgage startup LoanSnap loses license to operate in
Connecticut
[[link removed]}&lead=419599&emailid=75937&nl=daily]
But as interest rates rose, LoanSnap’s business dried up.
Recently-released data from the Consumer Financial Protection
Bureau shows LoanSnap only originated 42 loans in 2023 for a combined
value of $3.6 million.

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Ex Google Maps team members get Sequoia backing to build an AI-powered
collaboration board | TechCrunch
[[link removed]}&lead=419599&emailid=75937&nl=daily]
“There are products where AI does the work for you and there are
products where you do all the work. Cove is designed in a way where AI
is more of your thought partner and collaborator. Think of it as an
assistant that helps you rather than an oracle that tells you what to
do,” Sequoia’s Lee said.

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A comprehensive list of 2024 tech layoffs | TechCrunch
[[link removed]}&lead=419599&emailid=75937&nl=daily]
Alyssa Stringer is the Audience Development Manager for TechCrunch.
She previously worked for HW Media as Audience Development Manager
across HousingWire, RealTrends and FinLedger media brands. Prior to
her experience in audience development, Alyssa worked as a content
writer and holds a Bachelor’s in Journalism at the University of
North Texas.

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Sandra Lin from KiwiCo talks why STEM toys are big business
[[link removed]}&lead=419599&emailid=75937&nl=daily]
Elsewhere in the conversation, she spoke about how she and her team go
into designing educational toys, as well as how she balances her work
life and her professional life. She also made a surprising
announcement about a new product the company is launching which you
can learn more about in this latest Found episode. 

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Alaska Airlines' venture lab spins out its first startup: Odysee |
TechCrunch
[[link removed]}&lead=419599&emailid=75937&nl=daily]
Under UP.Labs’ structure, these startups won’t be created solely
to serve the corporate partner — in this case, Alaska Airlines.
Rather, they will operate independently and as commercial enterprises
from the get-go, eventually bringing in revenue by selling products or
services across the industry.

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Dave Clark, formerly of Amazon and Flexport, just landed $100M for new
supply chain venture | TechCrunch
[[link removed]}&lead=419599&emailid=75937&nl=daily]
Clark says that Auger, which has yet to secure customers or generate
any revenue, will release more information about its product roadmap
and milestones in the coming months. “Our founding team is made up
of relentless problem-solvers with a proven track record of delivering
transformative supply chain solutions at scale,” he added. “This
is just the beginning.”

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Distributional raises $19M to automate AI model and app testing |
TechCrunch
[[link removed]}&lead=419599&emailid=75937&nl=daily]
Andreessen Horowitz, Operator Collective, Oregon Venture Fund, Essence
VC, and Alumni Ventures also participated in Distributional’s Series
A. To date, the Berkeley, California-based startup has raised $30
million.

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Elon Musk Warns America Is Spiraling Towards Bankruptcy - Trump Taps
Him As 'Cost Cutter' With A Salary Of Zero To Fix It
[[link removed]}&lead=419599&emailid=75937&nl=daily]
This Adobe-backed AI marketing startup went from a $5 to $85 million
valuation working with brands like L'Oréal, Hasbro, and Sweetgreen in
just three years – here's how there's an opportunity to invest at
$1,000 for only $0.50/share today.

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