Fortune Media Bias

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Beware the January Effect: The stock market myth which catches out new investors at the start of the year - Fortune

He explained: “The January Effect was very clear from 1984 to 1989 – six straight, juicy gains in January. However, since then the gains have been less pronounced and regular – January has served up losses five times in the last seven years. The average monthly gain in January is 0.4%, making it only the seventh best month on average.”
Fortune     Jan 13, 2023

Microsoft is giving U.S. employees unlimited paid time off, ditching its 4-weeks-a-year vacation policy - Fortune

According to an email sent out today by Microsoft’s chief people officer Kathleen Hogan and viewed by Fortune, full-time US employees will no longer need to track their vacation time. By Jan. 16, employees will no longer accrue vacation hours, carry a vacation balance, or carry over unused vacation to subsequent years. The email specifies this policy change is for U.S. employees and doesn’t apply to hourly or nonexempt employees.
Fortune     Jan 13, 2023

Should you use a credit card to finance home improvements? - Fortune

finance

Homeownership comes with a long list of expenses, including the cost of making improvements from time to time. While part of the joy of owning a home is the ability to create a space that reflects you and your personality, paying for renovations should always be handled wisely.
Fortune     Jan 12, 2023

Methodology for Fortune's ranking of in-person cybersecurity programs - Fortune

While there are more than 1 million cybersecurity workers in the U.S., according to industry researcher Cyberseek, there are nearly 770,000 jobs left to be filled as of early 2023. Industry demand is expected to continue to expand during the next decade; the U.S. Bureau of Labor Statistics projects that the number of information security jobs will grow 35% 2021 and 2031.
Fortune     Jan 12, 2023

Demi Lovato bondage-and-crucifix poster banned in the U.K. for offending Christians

Lovato released ‘Holy Fvck’ in August last year and the cover pictures the singer lying on what appears to be a crucifix dressed in bondage gear with her legs tied down. The lyrics deal with “demons, death, sex” and refer to alcohol abuse, drug addiction and the singer’s struggles with mental health.
Fortune     Jan 12, 2023

FAA computer outage grounds thousands of flights in and out of the U.S.

“Aer Lingus plan to operate all transatlantic flights as scheduled today,” the carrier said in a prepared statement. “We will continue to monitor but we do not anticipate any disruption to our services arising from the technical issue in the United States.”
Fortune     Jan 12, 2023

DCG's Silbert fishes for sympahy in crypto row with Winklevoss twin

Over the 10 years since DCG’s founding, Silbert recounted how the holding helped build the largest digital asset manager (Grayscale), as well as leading Bitcoin mining pool (Foundry USA) and a highly influential crypto media publication (CoinDesk), whose reporting on Alameda Research’s creaking finances helped bring down FTX.
Fortune     Jan 12, 2023

'Chaotic working' is the rebellious, anti-corporation era younger sibling of quiet quitting

I don’t remember his name, but I’ll never forget that he went above and beyond to get me a sale price for three shirts even though only one style was actually marked down—he even found a size online they no longer had in stores for the lower price, too. I didn’t say much to discourage the discount, but he said, “You shouldn’t be paying full price for this.” (And to think I usually wander around refusing any help and leave with nothing.)
Fortune     Jan 12, 2023

Crypto just got its first insider trading sentence, as the 27-year-old brother of an ex-Coinbase worker gets 10 months in jail

Prosecutors said that Nikhil Wahi began in around October 2020 to receive confidential tips from his brother, Ishan Wahi — then a product manager for Coinbase Global Inc., one of the world’s largest cryptocurrency exchanges — and used the information to sell crypto assets for a profit.
Fortune     Jan 12, 2023

Stocks could soar 10% by mid-2023, but investors should expect a decade of flat markets after that, major investment bank says

After a brutal 2022, the stock market has managed to eke out minor gains over the first few trading days of this year, and the streak could continue over the next six months, according to Barry Bannister, chief equity strategist of investment bank Stifel.
Fortune     Jan 12, 2023

In-N-Out Burger is expanding more nationwide

food

Construction on the 100,000-square-foot (9,300-square-meter) office building is expected to begin by late 2024 and conclude by 2026. The eastern territory office will support business functions ranging from operations management to information technology.
Fortune     Jan 12, 2023

Trump Organization CFO gets 5 months in jail as judge expresses regret. 'I would be imposing a sentence much greater than that.'

business

Allen Weisselberg, a longtime executive for Donald Trump ’s business empire was taken into custody Tuesday to begin serving a five-month jail term for dodging taxes on $1.7 million in job perks — a punishment the judge who sentenced him said was probably too lenient.
Fortune     Jan 12, 2023