스타트업 관련 뉴스 10/11/22
본문
Markets
- Markets: NASDAQ fell to a 2-year low
~ In part because chipmakers (i.e. AMD, Nvidia) are taking a hit from strict new rules limiting exports to China
~ With the sanctions, President Biden is taking this tech battle with China to the next level
Retail
- Retailers are facing a new problem this year, compared to last year: they have too much stuff to sell
- What happens when stores have excess inventory?: sales
~ Target, Walmart are among the the chains that have already started their holiday promotions
~ Amazon’s second Prime Day starts today
~ Discounts will hit record highs this holiday shopping season for electronics, toys, computers
~ Adobe also predicts that the early deals will push consumers to shop sooner (cutting into how much business retailers can expect to see on the real Black Friday, Cyber Monday - even though the steepest price drops are still likely to come in late November
- How’d we get here?
~ Since most things bought arrive on cargo ships from overseas, orders are made months in advance
~ Stores, brands over-ordered product based on demand they were seeing when shoppers were flush with stimulus checks (still not really spending on going out, traveling, not yet facing inflation-induced sticker shock)
- Bottom line: what’s a relief for inflation-weary shoppers is likely to be stressful for retailers
~ Analysts from Morgan Stanley are predicting that to avoid being saddled with too much merchandise they can’t unload, retailers could get stuck in a race to the bottom on prices that will eat into their profits
World
- The U.S. will provide Ukraine with air defense systems
~ Following Russian missile attacks on multiple Ukrainian cities (incl. Kyiv, that killed at least 14, took out power in several places), President Biden pledged to help Ukraine out with advanced air defense systems
~ Strikes (most widespread in months, targeted at civilian areas) drew strong condemnations from both U.S., UN
~ India, China (which have mostly refrained from criticizing Russia’s invasion) called for de-escalation
- Los Angeles City Hall in turmoil over leaked racist comments
~ Nury Martinez (Los Angeles City Council’s president) stepped down from her leadership role
~ After a recording leaked of her making racist remarks about another councilmember’s child in October 2021
~ Martinez has not given up her seat on the council, growing number of LA politicians (incl. Mayor Eric Garcetti) are calling her, other council members she was with while making those offensive comments to resign
- Here’s how everyone learned airports have websites
~ Websites of 14 U.S. airports (incl. Atlanta’s Hartsfield-Jackson, Los Angeles’s LAX) were briefly offline due to Russian-speaking hacker (known as Killnet)
~ Killnet has been targeting NATO countries since Russia invaded Ukraine, have claimed responsibility for recent cyberattacks on local gov. Websites
~ Attacks didn’t appear to disrupt air travel, so they didn’t impact passengers
Labor
- Dutch court ruled in favor of a former employee of a U.S. company for wrongful termination involving webcam monitoring
~ Suggested such surveillance is a human rights violation
- Employee (working remotely from the Netherlands for Florida-based software company Chetu) was ordered to keep his webcam on for an entire workday for training
~ Already sharing his screen, he refused
~ Claiming that 9 hours of on-camera monitoring was an invasion of his privacy
- After being fired for insubordination, the employee took Chetu to court
~ Dutch judge ultimately ruled in his favor, ordered the company to pay him $73,000
- Zoom out: it’s not the first time a European country has moved to protect remote workers
~ Case calls to mind a 2021 decision by Portugal’s parliament to outlaw texts from employers after work
~ For workers based in the U.S., though, where at-will employment reigns supreme (employers can fire workers at any time for any reason), the webcam case would likely have gone differently
Tech
- Apple’s new iPhone 14, Apple watch models have a function called “crash detection”
~ Have been mistakenly calling 911 over roller coaster rides, other noncollisions
- How is this happening?: quick deceleration, abrupt stops can trigger the devices’ sensors
~ If your phone thinks you’re in a car wreck, it deploys a warning on your screen with a 10-second countdown before automatically alerting 911, sending your location
- Ability to detect serious crashes was a big selling point for new devices
~ Has proven vital in actual crashes
~ Accidental calls to first responders waste resources - Warren County Communications Center in Ohio has received 6 calls already from iPhones on rides at Kings Island since September, when the iPhone 14 was released
- It’s not just prank calling first responders: one motorcyclist’s new phone alerted his emergency contacts (his mother, girlfriend) that he had been in a crash after it flew off his handlebars onto the highway
Grab Bag
- Quote: “These are very, very serious things…and they’re likely to put the U.S. in some kind of recession six to nine months from now.” -Jamie Dimon, JPMorgan Chase CEO
~ Issued a warning for both the U.S., global economy
~ Predicted that a recession could arrive by the middle of 2023
~ Dimon pointed to runaway inflation, high interest rates, quantitative tightening, fallout from Russia’s invasion of Ukraine as the most worrying indicators
~ Also said that the S&P 500 could still fall by “another easy 20%,” with the bleak forecast that “the next 20% would be much more painful than the first”
- Stat: around 15 mil. colonoscopies are performed in the U.S. yearly as part of standard preventive car for adults over 45
~ New study has called into questions whether all footage from those tiny cameras is really necessary
~ Over a 10-year period, people who had the screenings were 18% less likely to develop colon cancer than people who didn’t
~ Risk of death from the cancer for both screened, unscreened was about the same (hovering around 0.3%)
- Read: how California’s bullet train went off the rails (The New York Times)
What Else is Happening
- Ben Bernanke, who led the Fed during the 2008 financial crisis, was awarded the Nobel Prize in economics alongside fellow American economists Douglas Diamond and Philip Dybvig for their work on banks and economic crises
- Cathie Wood, whose tech-heavy ARK Innovation ETF fell more than 60% this year after soaring during the pandemic, fired off an open letter to the Fed saying rapid rate rises are a mistake
- Portugal’s new digital nomad visa will let you work in mild weather while sipping vinho verde for up to a year
- Fat Bear Week joins chess, poker, and fishing as yet another niche competition that’s being rocked by a cheating scandal
- Markets: NASDAQ fell to a 2-year low
~ In part because chipmakers (i.e. AMD, Nvidia) are taking a hit from strict new rules limiting exports to China
~ With the sanctions, President Biden is taking this tech battle with China to the next level
Retail
- Retailers are facing a new problem this year, compared to last year: they have too much stuff to sell
- What happens when stores have excess inventory?: sales
~ Target, Walmart are among the the chains that have already started their holiday promotions
~ Amazon’s second Prime Day starts today
~ Discounts will hit record highs this holiday shopping season for electronics, toys, computers
~ Adobe also predicts that the early deals will push consumers to shop sooner (cutting into how much business retailers can expect to see on the real Black Friday, Cyber Monday - even though the steepest price drops are still likely to come in late November
- How’d we get here?
~ Since most things bought arrive on cargo ships from overseas, orders are made months in advance
~ Stores, brands over-ordered product based on demand they were seeing when shoppers were flush with stimulus checks (still not really spending on going out, traveling, not yet facing inflation-induced sticker shock)
- Bottom line: what’s a relief for inflation-weary shoppers is likely to be stressful for retailers
~ Analysts from Morgan Stanley are predicting that to avoid being saddled with too much merchandise they can’t unload, retailers could get stuck in a race to the bottom on prices that will eat into their profits
World
- The U.S. will provide Ukraine with air defense systems
~ Following Russian missile attacks on multiple Ukrainian cities (incl. Kyiv, that killed at least 14, took out power in several places), President Biden pledged to help Ukraine out with advanced air defense systems
~ Strikes (most widespread in months, targeted at civilian areas) drew strong condemnations from both U.S., UN
~ India, China (which have mostly refrained from criticizing Russia’s invasion) called for de-escalation
- Los Angeles City Hall in turmoil over leaked racist comments
~ Nury Martinez (Los Angeles City Council’s president) stepped down from her leadership role
~ After a recording leaked of her making racist remarks about another councilmember’s child in October 2021
~ Martinez has not given up her seat on the council, growing number of LA politicians (incl. Mayor Eric Garcetti) are calling her, other council members she was with while making those offensive comments to resign
- Here’s how everyone learned airports have websites
~ Websites of 14 U.S. airports (incl. Atlanta’s Hartsfield-Jackson, Los Angeles’s LAX) were briefly offline due to Russian-speaking hacker (known as Killnet)
~ Killnet has been targeting NATO countries since Russia invaded Ukraine, have claimed responsibility for recent cyberattacks on local gov. Websites
~ Attacks didn’t appear to disrupt air travel, so they didn’t impact passengers
Labor
- Dutch court ruled in favor of a former employee of a U.S. company for wrongful termination involving webcam monitoring
~ Suggested such surveillance is a human rights violation
- Employee (working remotely from the Netherlands for Florida-based software company Chetu) was ordered to keep his webcam on for an entire workday for training
~ Already sharing his screen, he refused
~ Claiming that 9 hours of on-camera monitoring was an invasion of his privacy
- After being fired for insubordination, the employee took Chetu to court
~ Dutch judge ultimately ruled in his favor, ordered the company to pay him $73,000
- Zoom out: it’s not the first time a European country has moved to protect remote workers
~ Case calls to mind a 2021 decision by Portugal’s parliament to outlaw texts from employers after work
~ For workers based in the U.S., though, where at-will employment reigns supreme (employers can fire workers at any time for any reason), the webcam case would likely have gone differently
Tech
- Apple’s new iPhone 14, Apple watch models have a function called “crash detection”
~ Have been mistakenly calling 911 over roller coaster rides, other noncollisions
- How is this happening?: quick deceleration, abrupt stops can trigger the devices’ sensors
~ If your phone thinks you’re in a car wreck, it deploys a warning on your screen with a 10-second countdown before automatically alerting 911, sending your location
- Ability to detect serious crashes was a big selling point for new devices
~ Has proven vital in actual crashes
~ Accidental calls to first responders waste resources - Warren County Communications Center in Ohio has received 6 calls already from iPhones on rides at Kings Island since September, when the iPhone 14 was released
- It’s not just prank calling first responders: one motorcyclist’s new phone alerted his emergency contacts (his mother, girlfriend) that he had been in a crash after it flew off his handlebars onto the highway
Grab Bag
- Quote: “These are very, very serious things…and they’re likely to put the U.S. in some kind of recession six to nine months from now.” -Jamie Dimon, JPMorgan Chase CEO
~ Issued a warning for both the U.S., global economy
~ Predicted that a recession could arrive by the middle of 2023
~ Dimon pointed to runaway inflation, high interest rates, quantitative tightening, fallout from Russia’s invasion of Ukraine as the most worrying indicators
~ Also said that the S&P 500 could still fall by “another easy 20%,” with the bleak forecast that “the next 20% would be much more painful than the first”
- Stat: around 15 mil. colonoscopies are performed in the U.S. yearly as part of standard preventive car for adults over 45
~ New study has called into questions whether all footage from those tiny cameras is really necessary
~ Over a 10-year period, people who had the screenings were 18% less likely to develop colon cancer than people who didn’t
~ Risk of death from the cancer for both screened, unscreened was about the same (hovering around 0.3%)
- Read: how California’s bullet train went off the rails (The New York Times)
What Else is Happening
- Ben Bernanke, who led the Fed during the 2008 financial crisis, was awarded the Nobel Prize in economics alongside fellow American economists Douglas Diamond and Philip Dybvig for their work on banks and economic crises
- Cathie Wood, whose tech-heavy ARK Innovation ETF fell more than 60% this year after soaring during the pandemic, fired off an open letter to the Fed saying rapid rate rises are a mistake
- Portugal’s new digital nomad visa will let you work in mild weather while sipping vinho verde for up to a year
- Fat Bear Week joins chess, poker, and fishing as yet another niche competition that’s being rocked by a cheating scandal
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