Business Contents Archive

A warning for investment bankers who enjoyed lavish bonuses for 2021, when banks opened their wallets to reward busy dealmakers amid a war for talent: don’t expect a repeat this year. Incentive pay for those underwriting debt and equity could plummet more than 45% this year, while their counterparts advising on mergers and acquisitions could see their bonuses slump 25%, a report from Johnson Associates shows. Investment-banking revenue fell 43% in the first six months of 2022 from a year earlier at the five biggest Wall Street firms. While the battle for banking talent has cooled, the biggest companies are being more mindful of their expenses. Tap the link in bio for more.

A handcuffed Brittney Griner said "I love my family" as the U.S. basketball star was led out of a Russian courtroom after being jailed for nine years on drugs charges, a Reuters reporter at the court said. Her voice quavering, and visibly in tears, Griner said she understood the sentence before being led away. Griner was convicted on charges of drugs possession and smuggling after she entered Russia with cannabis-infused vape cartridges. She said it had been "an honest mistake.” 🔗 Read more about her sentencing at our link in bio. #basketball #star #BrittneyGriner #Russia #drugs #charges #prison #sentence #Russia

'SHE'S AN ICON': The 'Seven Year Itch' star, who died in 1962 at age 36, has a reported net worth of $10 million today. Link in bio.

BREAKING: The Bank of England unleashed its biggest interest rate hike since 1995, as it warned the UK economy is heading for more than a year of recession under the weight of soaring inflation. The half-point increase to 1.75% came as officials predicted a recession will begin in the fourth quarter and last all the way through next year — the longest slump since the financial crisis. The BOE also raised its forecast for the peak of inflation, warning it will hit 13.3% in October as energy prices surge. Tap the link in our bio for the details.

Should you write a resignation letter? If so, what should you include in it — and what should you leave out? Swipe for some guidelines and a sample resignation letter to save, and tap the link in our bio to read the full article. Adapted from "How to Write a Resignation Letter," by Amy Gallo. Artist credit: HBR Staff/George/fhm/Getty Images.

A worker sings while carrying prickly pears on his head at a farm in Al Qalyubia Governorate, Egypt, August 2, 2022. The production of prickly pears is on the rise due to the crop's low water consumption and ability to withstand extreme temperatures. 📷 Mohamed Abd El Ghany #egypt #pricklypear #farm #reuters #reutersphotos

BUILD BACK BROKEN: The Democrats' newest spending bill could also reduce workers' wages and reduce long-term economic growth. Link in bio.

Jefferies is betting big globally on spending by Gen Z over the next few years and expects India to lead this spending boom. Among listed players back home, Zomato, Nykaa, Nestle, Britannia, Devyani International Jubilant Foodworks and Dabur are some of the companies that Jefferies says will benefit most from this spending surge. #jefferies #nykaa #zomato #nestle #britannia #devyani #dabur #genz #millennials #india

BMW’s plan to charge a monthly fee for heated seats sent a shiver down some owners’ spines. But the automaker says it’s sticking to it. The subscription model involves charging drivers to enable certain hardware features. So in the UK, for example, BMW customers can pay £15 ($18) to warm their bottoms for a month. Unlocking the feature for life costs £350. The announcement sparked ridicule online, but BMW is riding out the storm — and it's not the only car company experimenting with a strategy that's made billions for the gaming industry. Tap the link in our bio to read in full.

RETAIL HERO: Longtime employee Chris Bell provides the Columbia, Missouri, community with daily social media updates on sought-after items. Link in bio.

Prime Minister Narendra Modi, on July 22, launched the Har Ghar Tiranga Campaign to hoist the national flag, the Tricolour, to mark the 75th Independence Day. Modi, on Saturday, urged people to change the display pictures (DPs) of their social media accounts to the Tricolour during his Mann ki Baat address. This will be a part of the larger 'Azadi ka Amrit Mohatsav' celebrations. #harghartiranga #tiranga #modi #pmmodi #tricolour #amritmahotsav #india #azadikaamritmahotsav #campaign

We're gearing up as #FiscaltakesNOTE 🏛🎉 Stay tuned as fiscalnote rings the Opening Bell 🔔 $NOTE

Let’s talk about Russia’s war in Ukraine, with Max Seddon and Polina Ivanova. Watch our live with the FT’s Moscow bureau chief Max Seddon and Moscow correspondent Polina Ivanova as they discuss what winning the war may look like for both Russia and Ukraine.  This is the first episode of ‘Let’s talk about’ season two, a weekly six-part series in which each episode will explore the topic ‘understanding the world during uncertain times’. #FT #financialtimes #Ukraine #Russia #warinukraine #Putin #Zelenskyy #NATO #Europe #US #America #sanctions

BREAKING: A judge in Russia has sentenced American basketball player Brittney Griner on drug charges to nine years in prison. Griner, 31, a two-time Olympic Gold medalist, pleaded guilty to smuggling last month on charges that carry a possible prison sentence of up to 10 years in Russia, saying her action was unintentional. She was arrested in February at a Moscow airport after customs officials said they found vape canisters containing cannabis oil in her luggage. Read more at the link in our bio.

'FEEDING INTO THIS LIE': Climate initiatives and a push for plant-based food are fostering anti-farm sentiment, fourth-generation farmer Stephanie Nash says. Link in bio. (Regram: foxnews)