Hello everyone! Welcome to this weekly compilation of stories by Insider, editor-in-chief of the business world, Matt Turner. Sign up to receive this newsletter in your inbox every Sunday.
Read on for more information on Trump administration job seekers, Cathie Wood’s predictions for 2021 and tensions in The New York Times.
Reading time: 5 minutes.
Hello!
The US developed coronavirus vaccines in record time last year.
But as Hillary Brueck reported this weekend, the process of getting the shots into people’s arms is going terribly slow – just as more Americans are dying from the virus than ever before. As she reported:
There are promising signs that this vaccination will be accelerated soon. But the delay has already caused thousands of deaths, and it will be a challenge to come back from.
Read the full story here:
Trump administration staff are getting
From Claire Atkinson and Sean Czarnecki:
Former White House staffers can usually go to top jobs after some of the most difficult crises in government.
But as businesses begin to shun Trump businesses, the group leaving 1600 Pennsylvania Ave gets all the cold shoulder.
One public relations recruiter told Insider that they had received inquiries from at least 15 people from the White House looking for work. The recruiter hired six people as clients, but no one was even able to conduct an interview with companies they applied for.
“It’s just very difficult,” the recruiter said. ‘You’re supposed to put someone in front of a job that the referees have. Morally, it is difficult for people to want to work with them. ‘
Read the full story here:
Also read:
Cathie Wood’s predictions
From Vicky Ge Huang:
By all accounts, Cathie Wood’s ARK Invest had a great year of success.
The innovation-oriented asset manager’s $ 21.5 billion Ark Innovation ETF (ARKK), $ 6 billion ARK Next Generation Internet ETF (ARKW) and $ 9.4 billion ARK Genomic Revolution ETF (ARKG) have 153%, 157% and 181% respectively yielded, while all according to Morningstar data beat 99% of their category peers.
These incredible profits helped ARK raise more than $ 20 billion in less than four months, bringing the company’s total assets to $ 50 billion in mid-December from $ 28.4 billion early in the year. September.
To be sure, ARK’s fame made such a splash last year that some investors are skeptical about whether the company can continue its impressive range.
However, Wood appeared undisturbed in a webinar from Tuesday on the markets update.
“The V-shaped recovery we’ve been talking about for some time may have been a bit tumultuous in some of the statistics that appear these days,” she said, referring to the surprising drop in wages in December. “But it was all relaxation, hospitality and more focused on small business.”
Although the recovery of the V-shape may be slightly dampened, Wood sees ‘explosive earnings’ driven in part by possible dual actions regarding infrastructure, healthcare and clean energy.
Read the full story here:
Also read:
Tension by The New York Times
From Steven Perlberg:
The unveiling of The New York Times “Caliphate” podcast was a big black eye for the newspaper’s coveted and lucrative audio unit, which unleashed a wider reach in the paper.
Several Times staff members told Insider there is a growing feeling in the broader news office that the agency was mishandling the dropout and not holding enough people accountable.
Meanwhile, The Times’ internal standards team is cracking down on practices such as the use of anonymous sources. “They hold everything and make everyone’s lives difficult,” the Times reporter said.
The incident, in which The Times was misled by the source who supported the narrative in the “Caliphate” story, was a huge embarrassment for an audio department that became the envy of the media industry thanks to ‘The Daily’, the flagship of the newspaper. podcast presented by Michael Barbaro.
Read the full story here:
Also read:
ICYMI: GitHub backlash against employees
From Rosalie Chan:
Microsoft-owned GitHub is being pushed back by employees after a Jewish employee was terminated. The employee was fired two days after he suggested in an internal chat room that there were ‘Nazis’ among the American rioters in the Capitol.
Employees on Monday distributed an internal letter with about 200 signatures asking them to denounce white rule and Nazis and demand answers about the termination.
Read the full story here:
INVITATION: How to invest in real estate in 2021
We chart the road ahead for real estate in 2021, including which towns, cities and states to watch, how to navigate high house prices and low mortgage rates, and why Americans’ housing preferences are changing as a result of the pandemic.
On January 20 at 13:00 ET, Libertina Brandt will hold a panel on how to invest in real estate next year, with R. Donahue Peebles, founder, chairman and CEO of the Peebles Corporation, and Daryl Fairweather, chief economist at Redfin.
Sign in here.
Also read:
Here are some headlines from the past two weeks that you may have missed.
– Matt
5 major revelations in SoFi’s plans to go public, including how fintech thinks about the future of student debt and the importance of a bank charter
According to top investors, the 26 hottest cannabis startup programs to launch in 2021 are
Leaked slides from a recent Instagram post reveal the advice it gives creators on what to post
Morgan Stanley has just promoted 171 people to managing director. Here is an outline of the latest class.
Meet the top executives leading the revolution of advertising giant Publicis as it takes on opponents WPP and Omnicom
Here’s the startup financing company Clark used to persuade Chinese technology giant Tencent to lead its $ 85 million round
Walmart is working on a stealth healthcare technology company that could change the way you shop
Robinhood has increased its legal force with these 11 attorneys as it considers an instant scholarship, including SEC veterans and an in-house attorney from Goldman Sachs.
Read the original article on Business Insider