Oil prices drop 1% after Saudi Arabia cuts prices for Asian buyers, intensifying worries about demand

Saudi Aramco said it would cut oil prices for Asia. REUTERS/Ahmed Jadallah Oil prices fell around 1% on Monday after Saudi Arabia cut prices for the Asian market. The move sparked concerns about demand in Asia, where the Delta variant is hitting economies. Investors also worried about the slowdown in the US labor market recovery in August. See more stories on Insider’s business page. Oil prices fell on Monday after Saudi Arabia cut prices for the Asian market by more than expected, intensifying concerns about weak demand from the impact of the Delta coronavirus variant. Brent crude oil fell as much as 1.4% to $71.51 before paring its losses. It… Read More

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Mediterranean home with Upper Rockridge views

Located in prestigious Upper Rockridge and overlooking San Francisco, the Golden Gate Bridge and the bay, this four-plus-bedroom, three-bathroom Mediterranean home is sure to impress. This home’s features include a terrific location, great light and captivating architectural details.  Enter and admire the wood-beamed ceilings, hardwood flooring, elegant architectural details, and abundant natural light. The large living room features a fireplace, wood ceilings and spectacular views. The eat-in kitchen has stainless appliances, plenty of counter space and French doors opening to a large outdoor patio in front and the spectacular rear yard. The adjacent formal dining room also opens to the front patio and allows for indoor-outdoor entertaining with style. The… Read More

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Top Stories this AM: Kinzinger goes for the GOP’s jugular; Israel opens up borders; an epidemic of COVID-related school closures

Good morning and welcome to your weekday morning roundup of the top stories you need to know. For more daily and weekly briefings, sign up for our newsletters here. What’s going on today: Kinzinger wants “real conservative values.” Adam Kinzinger says the GOP shouldn’t win a majority in the House if it’s “pushing division and pushing lies.” Kinzinger said he wanted to see “actual Republican values” in a GOP majority, adding that the GOP must “turn away from conspiracy.” “If it is as terrible as people say it is, it will be destroyed by the Supreme Court.” A GOP Senator said the Supreme Court will eventually ‘swat’ away Texas’ restrictive… Read More

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As many as 48,000 civilians have been killed by US airstrikes since 9/11: monitor

Caskets for the dead are carried towards the gravesite as relatives and friends attend a mass funeral for members of a family that is said to have been killed in a U.S. drone airstrike, in Kabul, Afghanistan, Monday, Aug. 30, 2021. MARCUS YAM / LOS ANGELES TIMES Since the 2001 terrorist attacks, the US has conducted major airstrikes in at least seven countries. Most civilians were killed during the wars of Iraq and Afghanistan, as well as the strikes on ISIS in Syria. The deadliest years for civilians were 2003 and 2017, the report found. See more stories on Insider’s business page. In the 20 years since the terrorist attacks… Read More

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3 ways to reach Elon Musk’s level of productivity by breaking old habits

Tesla CEO Elon Musk. Patrick Pleul/picture alliance via Getty Images Habits allow us to automate many actions to avoid endless decision making. But they can also keep us stuck, so leaders like Elon Musk learn to welcome the unknown. Stay open-minded by arguing like you’re right, listening like you’re wrong, and thinking backward from the solution. See more stories on Insider’s business page. We are, as they say, creatures of habit. Elon Musk may seem to be a different sort of creature compared to us ordinary humans, but even he thinks and behaves habitually from time to time. What makes him truly unique, though, are the times he chooses to… Read More

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2020 Was Almost Worse Than 2008

On Thursday, March 12, 2020, the news from the financial markets was grim. America’s stock markets suffered losses worse than anything in 2008. Only Black Monday, in October 1987, and the darkest days of 1929 were worse. That was bad, but for insiders, the stock market was not the real worry. A “correction” was in order. The world was heading into shutdown. It was to be expected that share prices would fall. The function of shares as risk‑bearing capital is to act as a shock absorber in hard times. Far more worrying than equity markets was what was happening in the market for bonds, and above all, U.S. Treasuries—the safe… Read More

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Ark Invest’s Cathie Wood says Robinhood’s payment-for-order flow is so good that she’d be surprised to see SEC scrutiny change it much

Cathie Wood. ARK Invest Cathie Wood said she’d be surprised to see Robinhood’s payment-for-order flow system change, even as it faces a potential ban. “The system has been so good from an execution point of view for the end investor,” she said. Robinhood would remain a high-conviction bet for Wood even if the PFOF system is banned. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Ark Invest founder Cathie Wood praised Robinhood’s payment for order flow in a recent interview, despite the system facing a potential regulatory ban, and said the investing app makes up a 1% holding in her firm’s portfolio. “We’re looking at… Read More

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Automated hiring software is mistakenly rejecting millions of viable job candidates

Illustration by Alex Castro / The Verge Automated resume-scanning software is contributing to a “broken” hiring system in the US, says a new report from Harvard Business School. Such software is used by employers to filter job applicants, but is mistakenly rejecting millions of viable candidates, say the study’s authors. It’s contributing to the problem of “hidden workers” — individuals who are able and willing to work, but remain locked out of jobs by structural problems in the labor market. The study’s authors identify a number of factors blocking people from employment, but say automated hiring software is one of the biggest. These programs are used by 75 percent of… Read More

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I quit my job to travel and work remotely 5 years ago – here’s what I wish I knew about the digital nomad lifestyle before becoming one

Stephanie Smolders recommends saving as much as possible before starting a digital nomad lifestyle. Stephanie Smolders Stephanie Smolders is a marketing and business coach, writer, and digital nomad. She and her partner have been traveling the world full time while working remotely since 2016. If they were to start over, Smolders says they’d bulk up on savings and be more flexible with travel plans. See more stories on Insider’s business page. It may sound idyllic to be a remote worker and log onto your computer from anywhere in the world. It is, but after five years of working remotely as a digital nomad, there are definitely a few things I… Read More

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