Feb 7, 2023 - The CEO of America's second-largest bank is preparing for possible US debt default | CNN Business

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From the Editor's Desk You Can Be a Great Leader and Also Have a Life Intense and all-consuming work styles are often celebrated as the only way to get to the top and be a super productive leader. But does it have to be that way? Over the last 20 years, a group of executives has been meeting and sharing innovative ideas for finding time for work, family, and life. For leaders to stand up to status quo pressures and make work-life balance a priority, the group found that they needed to cultivate skills around three relationships: learning to work differently with their teams at work, making a plan with their families to put home and family first, and shifting their own mindsets — to not only believe change is truly possible, but to give themselves permission to try, and speak up about it. The stories of three leaders exemplify how this can be done. Tesla and Space X CEO Elon Musk tweets that no one changed the world working 40 hours a week. He rarely sleeps or sees his kids and had a famously public meltdown. Apple’s Tim Cook is on email before the sun rises. And billionaire Mark Cuban worked until 2 am launching his first business and didn’t take a vacation for seven years. Continued here TradeBriefs: Newsletters for Decision-Makers! Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. Want the newsletters, without the promotional mailers? Get an (ad-free) subscription to TradeBriefs Premium for just $2 per month. Access to premium content | No advertisement mailers Work The CEO of America's second-largest bank is preparing for possible US debt default | CNN Business Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited. Work Sand from beach where Tom Brady retired selling for nearly $100K Those looking for a piece of history can buy sand from the beach where Tom Brady announced his NFL retirement for a nearly six-figure sum. � � � Work A new scientific method for bail reform Could this end the cash-bail system? Critics are skeptical Work The untouched 'wilderness' of the Great Lakes is an illusion Environmentalist Dave Dempsey explains how human action (and inaction) made the iconic lakes the way they are today. You Might Like � � � Work Credit Suisse delays compensation day for some bankers- Bloomberg News Credit Suisse Group AG is delaying a compensation day for some of its bankers, Bloomberg News reported on Monday, citing people familiar with the matter. Work Japan confirms FX interventions twice in Oct to support yen Japan confirmed on Tuesday that it did intervene in the foreign exchange market twice in October to support its yen currency, Ministry of Finance (MOF) data showed on Tuesday. Work Powerball jackpot reaches $747 million the game's 5th largest prize ever If someone matches all six numbers drawn on Monday night, they would take home the ninth-largest jackpot in U.S. lottery history. Work Gabriel Garca Mrquezs Formative Reading List: 24 Books That Shaped One of Humanitys Greatest Writers Life is not what one lived, but what one remembers and how one remembers it in order to recount it. You Might Like � � � Work Modelo owner Constellation Brands puts media account in review Horizon held the business since 2009. Work Artificial skin can detect nearby objects without even touching them A skin crafted from two layers of electrodes around an ion-infused sponge is better at sensing than human skin because it can detect nearby objects and what they are made of � Work Apple execs on M2 chips, winning gamers and when to buy a Mac Apples M series chips were incredibly well telegraphed when they arrived in late 2021. Apple had been designing its own silicon since the A4 appeared in the iPhone 4 just over a decade earlier. The appearance of Apples in-house efforts in the Mac was really just a question of when, not if. When the M1 [] Work Salma Hayek credits Adam Sandler for helping her move on from sexy roles: I was typecast for a long time Salma Hayek Pinault claimed she was "typecast" in Hollywood as a "sexy" woman. The actress currently stars in "Magic Mike's Last Dance" with Channing Tatum. � Work How technology can help solve mental health care's biggest barrier Clinicians and researchers have historically deprioritized incorporating technology solutions into mental health care, leaving a void that's being filled by non-experts. The real experts need to get on board. Work U.S. blocks vessels from area near balloon shoot down The U.S. Coast Guard said Monday it is imposing a temporary security zone in the waters off Surfside Beach, South Carolina in the area where the U.S. military on Saturday shot down a suspected Chinese spy balloon. � Work Aftershocks May Rock Turkey and Syria for Months, Even Years Mondays massive earthquake has triggered a swarm of aftershocks, which will make a humanitarian disaster even more devastating. Work Teslas Pickup Truck Is Coming Soon. Maybe. Already two years behind schedule, the Cybertruck has experts wondering how the company will manufacture its unusual stainless steel exoskeleton. � Work Children of Overprotective Parents Tend to Live Less Males who had overprotective fathers have a 12% higher risk of dying before the age of 80. Women with overprotective fathers are 22% more likely to die before they reach 80 years of age. For males raised by single parents, their risk of death before the age of 80 was 179% higher than those raised by two parents. Work Measles outbreak in central Ohio ends after 85 cases, all among children who weren't fully vaccinated | CNN A measles outbreak in central Ohio that sickened 85 children has been declared over, officials at Columbus Public Health announced Sunday. None of the children died, but 36 were hospitalized. Work Brain Zips and Unzips Information to Perform Skilled Tasks In order to perform certain skilled movement tasks, such as playing the piano or dancing, the brain "zips and unzips" information about the timing and order of movements ahead of the action being performed. Work Musks Twitter Has Just 180,000 U.S. Subscribers, Two Months After Launch Around 180,000 people in the U.S. were paying for subscriptions to Twitter, including Twitter Blue, as of mid-January, or less than 0.2% of monthly active users, according to a document viewed by The Information. The tiny number signals the challenge Elon Musk faces in turning the subscription ... Work Garden pesticides are contributing to British songbird decline, study finds Scientists urge people to stop spraying gardens with poison and adopt wildlife-friendly practices Work Fixed-price energy customers face bill shock as standing charges soar Consumers whose contracts are about to finish will find that some daily fees are increasing by 100%, regardless of whether they use any energy Work Tulsi Gabbard and 2 GOP senators among those testifying at GOP-led subcommittee's first hearing | CNN Politics The GOP-led House select subcommittee on so-called weaponization of the federal government will draw upon a prominent ex-Democrat, two of their Republican Senate colleagues, and a former FBI agent in their first public hearing to discuss how they believe the government has been weaponized against conservatives, multiple sources familiar with the plans tell CNN. Work Yellen: 'You don't have a recession' when U.S. unemployment at 53-year low U.S. Treasury Secretary Janet Yellen on Monday said she saw a path for avoiding a U.S. recession, with inflation coming down significantly and the economy remaining strong, given the strength of the U.S. labor market. Work Fyre Festival Fraudster Billy McFarland Is Hiring For New Company The Fyre Festival founder and fraudster is hiring for his new technology company called PYRT (pronounced Work You'll Never Believe the 'Dumbest' Stock Warren Buffett Ever Bought For investors: Buffett isn’t the only one who can find value and invest in early-stage companies. Recent changes in the law allow anyone to invest in startups and private companies at their earliest stages. For example, 3DOS is a startup raising on StartEngine, which means anyone can invest. The startup aims to build the world\'s largest peer-to-peer manufacturing network, allowing anyone to upload a design, receive royalties and have it made anywhere in the world. Work Canoo Gets Cash and the Stock Plunges. It's Hard Being an EV Startup These Days. This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Work How to help victims of the 7.8 earthquake in Turkey and Syria Thousands of buildings were destroyed in the shaking, trapping people in the rubble; thousands of victims have been confirmed dead overall in both countries. Work Americas Most Generous Givers 2023: The Nation's 25 Top Philanthropists Despite a rocky stock market that sent many fortunes plunging, the countrys most generous billionaires doled out more money than in each of the previous two years. Work Ecuador extradition referendum set for defeat, opposition wins mayoral races Ecuadoreans likely rejected a government-backed referendum to allow extraditions for drug crimes and other charges, preliminary results on Monday showed, while voters in the country's two largest cities backed mayoral candidates from embattled former President Rafael Correa's political movement. Work Judge suggests abortion might be protected by 13th Amendment despite Supreme Court ruling The Supreme Court, with a majority opinion by Justice Samuel Alito, ruled there was no federal right to abortion, overturning its Roe v. Wade decision. Work Beijing's response to the US shooting down its balloon has been muted. It might be China's way of preparing for a future in which the roles are reversed, says international law expert. If China pushes too hard, its own rhetoric may backfire if the US decides to send balloons or drones into Chinese airspace, said Julian Ku. Work Elon dodges liability, Ford falters and Rivian lays off more workers Getaround, a peer-to-peer car-sharing company, had two bits of bad news. The company received a delisting warning from the New York Stock Exchange because its stock price has traded below $1 for the past 30 days. A day later, Getaround laid off about 10% of its staff. Work Is Social Security income taxable by the IRS? Here's what you might owe on your benefits For all those who receive benefits, the SSA-1099 should be mailed to you automatically. If you do not receive it, a printable version should be available online after you create a \"my Social Security\" account. Work Harris Announces Funding to Address Root Causes of Migration Crisis The program aims to help companies gain access to funding from the U.S. International Development Finance Corporation and will create a Northern Central America Investment Facilitation Team intended to promote economic development. Work Hackers are using a critical flaw in VMware as part of a ransomware campaign targeting thousands of organizations 2021: Dell announces that it would sell off its remaining stake in the company, effectively de-merging the two companies. As a consequence of the decision, Genslinger resigns as CEO and is replaced by Raghu Raghuram, a long-time executive at the company. Work Digital pound likely this decade, Treasury says Other, bigger blocs, such as the USA and the Eurozone also want their digital dollars and digital euros to be international means of exchange. That is less of an overt aim here. The eye here is on maintaining UK monetary sovereignty against upheaval from the likes of Big Tech. Work NHL superstar roundtable: Changing playoffs, next expansion teams and cheat meals Morrissey: Well, you know it\'s all about trying to get pucks in deep. But there are definitely times you can enjoy a cheat meal. [Laughs] I think the usual stuff. Some pizza. I also have a little bit of a sweet tooth, so I try to stay away from that before it gets the better of me. Not so much a candy guy as pastries and things like that. Work Musk Pledged to Cleanse Twitter of Child Abuse Content. Its Been Rough Going. On Jan. 12, one user described following hundreds of “legit” Twitter accounts that sold videos of young boys who were tricked into sending explicit recordings of themselves. Another user characterized Twitter as an easy venue for watching sexual abuse videos of all types. “People share so much,” the user wrote. Work George Santos denies sexual harassment accusation from ex-prospective staffer The office of the House Committee on Ethics\' Republican majority did not immediately respond to CNBC\'s request for comment on Myers\' letter. A spokesperson for Rep. Susan Wild, the top ranking Democrat on the panel, told NBC that the office had received the letter. The Office of Congressional Ethics, a nonpartisan entity that Myers had tagged in his Twitter thread, also did not immediately respond to a request for comment. Work Biden to deliver State of the Union address amid high inflation and divided Congress that threaten to derail economy Jeff Zients, former White House Covid-19 response coordinator under Biden and an economic advisor to former President Barack Obama, will replace Ron Klain as White House chief of staff. The position is among the most influential presidential posts. Work Opinion: These judges could have blood on their hands | CNN If the court sides with the 5th Circuit in this case and allows domestic abusers access to deadly weapons, it will send a clear message to American women: It's not about being "pro-life." It truly is simply about restoring male power and not caring when women suffer the consequences. Work Earthquake Strikes Syrian Region Already Mired in Humanitarian Crisis Vivian Yee reported from Cairo, Raja Abdulrahim from Jerusalem and Hwaida Saad from Beirut, Lebanon. Muhammad Haj Kadour contributed reporting from Idlib, Syria, and Cora Engelbrecht from London. Work Heres how to help victims of the earthquake. The Syrian American Medical Society, a United States-based humanitarian group that supplies medical care in Syria and nearby countries, is collecting donations to deliver emergency aid. At least one of its hospitals in northwestern Syria, Al Dana, received major damage. Work George Santos Invited a Guest to the State of the Union. He Said Yes. Mr. Weinstock said that he did not vote for Mr. Santos last year but was touched by Mr. Santos’s concern over his condition, and he was eager to bring more awareness to the issue. Still, he said that he found the congressman’s falsehoods on the campaign trail to be “inexcusable” — a sentiment apparently shared by his former law firm and its leader, Wesley Mullen. Work McCarthy, Scalise go to war with U.S. Chamber after group backed some Democrats in 2020 and 2022 elections \"The compensation for Mr. Donohue included his bonus payment for 2020 activities and a prorated portion of his bonus payment for 2021 activities, both of which were paid to him in 2021,\" the filing says. Work Big Short hedge funder says he thinks were headed for a run-of-the-mill recessionbut the bigger paradigm shift is really on his mind More from Fortune: Olympic legend Usain Bolt lost $12 million in savings to a scam. Only $12,000 remains in his accountMeghan Markle’s real sin that the British public can’t forgive–and Americans can’t understand‘It just doesn’t work.’ The world’s best restaurant is shutting down as its owner calls the modern fine dining model ‘unsustainable’Bob Iger just put his foot down and told Disney employees to come back into the office Work Prescribing MDMA and psilocybin: who will get the drugs and how will they help? And the TGA says it will consider expanding the use of psilocybin and MDMA if the evidence is there. Other areas could include anxiety, eating and addiction disorders, end-of-life stress, and obsessive compulsive disorder. Work Earthquake in Turkey and Syria kills thousands and devastates cities Turkey is in one of the world’s most active earthquake zones, with land stretching over the Anatolian fault line in the north of the country that has caused large and destructive tremors. İzmit and the surrounding Kocaeli region, close to Istanbul, was rocked by a 7.4-magnitude earthquake in 1999, the worst to hit Turkey in decades. Work Union leader calls Rishi Sunak deluded as NHS pay row escalates In an urgent question debate on the strikes in the Commons on Monday, Conservative MPs largely backed the government’s refusal to discuss this year’s pay settlement with unions. But Steve Brine, the Tory chair of the health select committee, urged ministers to speed up the NHS pay review process for next year, which he believes could help bring an end to the current dispute. Work Daily Crunch: Bitcoin-demanding cybercriminals use bug from 2021 to initiate global ransomware attack Meanwhile, it’s Dell’s turn to have bad news. The company said that it will lay off 5% of its worldwide workforce, Ron reports. And if you have this on your BINGO card, you can mark off “the move was an unfortunate outcome of the current economic climate.” Work ShareWell wants to scale mental health support with its 10,000 support groups “Right now [asking someone to seek professional help] is frowned upon, because that crosses a line of giving advice, but if I saw someone who I felt needed therapy, I would probably talk about my own experience about how therapy really helped me get through certain things,” Cheng said. “In the future, we think that we will be able to refer people to modalities beyond peer support. We see already that people want coaching and therapy, etc., but we see peer support as the home base of the community, and from there we connect people to resources outside ShareWell.” Work Even well-funded fintech companies are laying off workers Last week was a milestone week for me in more ways than one. I started writing for TechCrunch on February 1, 2021. Two years and nearly 700 articles later, I love my job more than ever. Also, January 30 marked the one year anniversary of the soft launch of this newsletter. It’s been an incredible experience putting this together every week, and I am honored you all still rely on me for the latest fintech news. Work SoftBank's vibe shift is using silence loudly Equity drops at 10:00 a.m. PT every Monday and at 7:00 a.m. PT on Wednesdays and Fridays, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders, one that details how our stories come together and more! Work What do investors need from your problem slide? Being able to clearly outline the problem is a crucial first step toward explaining why people might want a solution. Explaining succinctly and clearly what the problem is can be surprisingly hard for some companies, while others have a much easier path toward a problem statement. Work Neko, Daniel Ek's next play, is another spin on preventative healthcare On top of that, attention to these sorts of risks and harms will be critical in the coming years as EU lawmakers are also in the processing of updating product liability laws so they cover harms caused by software and AI, which will also make it easier for EU consumers to sue the makers of cutting edge technologies should their products go awry. Work Practice your startup pitch on TechCrunch Live with Mayfield and Cube TCL’s mission is still to help founders build better venture-backed businesses. But going into 2023, there’s new urgency behind this mission. TechCrunch Live started in the heady days of 2021, and now in early 2023, the startup world is experiencing new challenges. It’s harder to fundraise, sales cycles are much longer and investors (and their LPs) have different expectations. Work Simple HealthKit is taking on health equity with at-home diagnostics, treatment “Simple HealthKit is transforming traditional diagnostics with a human-centric approach, providing accessible testing tools in tandem with thoughtful follow-up care,” said Garry Tan, partner and founder at Initialized, Y Combinator president and CEO, and Simple HealthKit board member, in a written statement. “We believe this approach to diagnostics-as-a-service will be especially impactful in underserved markets where time and cost are often factors in whether or not people pursue care.” Work Code-generating platform Magic challenges GitHub's Copilot with $23M in VC backing Magic, which is pre-revenue with a distributed workforce of six people, plans to launch its product in the near future — Steinberger wouldn’t say exactly when. The short-term goal (i.e., within the next year) is to grow the team to 25 people with a focus on the engineering, product and go-to-market sides. Work Labor marketplace ShiftMed secures $200M to solve nursing shortage Commenting on the company’s new funding, Paul Iaffaldano, general partner of Panoramic Ventures, added: “Healthcare providers need solutions that streamline workforce management, bring labor costs back into balance and improve patient outcomes with better care. We see ShiftMed’s growth as validation for the market need.” TradeBriefs Publications are read by over 10,00,000 Industry Executives About Us  |  Advertise Privacy Policy  |  Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India Subscribe to: Post Comments (Atom) Followers Blog Archive ►  2024 (50) ►  October (2) ►  August (2) ►  July (4) ►  June (3) ►  May (5) ►  April (4) ►  March (2) ►  February (10) ►  January (18) ▼  2023 (834) ►  December (20) ►  November (54) ►  October (44) ►  September (108) ►  August (91) ►  July (29) ►  June (68) ►  May (104) ►  April (33) ►  March (30) ▼  February (99) Can't Find An Email? Use This Hack. Mar 1, 2023 - VCs and founders are finding life ea... Wegovy: what you need to know about this weight lo... Does Not Being Able to Picture Something in Your M... Do You Cause Your Own Stress? How To Stop a "Toxic... Is Natural Wine Better For You? February 26, 2023 - Russian Information Warfare Us... The Great Resignation Didn't Start with the Pandemic Ukraine: Beijing's peace initiative offers glimpse... 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