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Magic Leap salaries revealed: From $80,000 to $220,000, this is what the famously hyped and troubled AR startup pays its workers

1 month ago   |   By Business Insider

Summary List Placement
Magic Leap, the much-hyped augmented reality startup that raised billions for its augmented-reality goggles, has had a roller coaster of a 2020.
The Florida-headquartered startup had raised over $3 billion by the end of 2019 from a who's who of big-name investors. But then its first product launched in 2017 to middling reviews and poor sales.
By 2019, Magic Leap rebranded as an enterprise product, putting it in head-to-head competition with giant Microsoft. In April, the company restructured and reportedly laid off almost half its workforce and shortly after, CEO...
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Bind raised $142 million to upend the way we pay for healthcare. Now, the buzzy startup is getting into the insurance business

Bind raised $142 million to upend the way we pay for healthcare. Now, the buzzy startup is getting into the insurance business

1 month ago   |   By Business Insider

Summary List Placement
Bind, a healthcare startup that built a new kind of "on-demand" health plan, is getting into the insurance business.
The move into health insurance will make Bind's services available to more companies, particularly smaller ones. Previously, Bind administered health plans for big companies that pay for the costs of their workers' medical care themselves, without purchasing health insurance.
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Most of world's chocolate comes from labor of 1.5 MILLION children, some as...

Most of world's chocolate comes from labor of 1.5 MILLION children, some as young as FIVE - study

A new study from the University of Chicago has revealed a rise in child labor in global cocoa production despite pledges by international companies to stop using cocoa... Read more ...

Bank of America says these are the 22 European value stocks to own - and 6...

Bank of America says these are the 22 European value stocks to own - and 6 traps to avoid - given the 10% upside potential for value stocks by early next year

Summary List Placement Value stocks have had their worst year since 1992, falling by 38% adjusting for sector bias, according to Bank of America quant strategists in a research... Read more ...

AstraZeneca's coronavirus vaccine trial can continue in the US after being...

AstraZeneca's coronavirus vaccine trial can continue in the US after being halted due to a participant having a 'serious adverse reaction'

Summary List Placement The US has allowed a major coronavirus vaccine trial to resume. The Food and Drug Administration has allowed a COVID-19 vaccine trial commissioned by... Read more ...

Trump seized on Biden's promise to 'transition away from oil,' but the move...

Trump seized on Biden's promise to 'transition away from oil,' but the move away from fossil fuels is nothing new

Summary List Placement President Donald Trump attacked former Vice President Joe Biden during Thursday night's debate for promising to "transition from the oil industry" as... Read more ...

Opendoor just hired a top quant researcher from $34 billion hedge fund...

Opendoor just hired a top quant researcher from $34 billion hedge fund Citadel to oversee home pricing and data as the iBuyer gears up to go public via a SPAC

Summary List Placement Home flipping and reselling company Opendoor announced today that it has hired Daniel Morillo, a current Citadel and former BlackRock executive, as its... Read more ...

Intel will plunge 17% as 3 major problems boost headwinds, Bank of American...

Intel will plunge 17% as 3 major problems boost headwinds, Bank of American says in downgrade

Summary List Placement Intel shares were downgraded to "underperform" by Bank of America analysts on Friday after the company's third-quarter report signaled weakened... Read more ...

Xbox Series X's backward compatibility is good for live-service games

Xbox Series X's backward compatibility is good for live-service games

PlayStation 5 and Xbox Series X Backward compatbility isn't just about old classics - it's also about support for live-service games. Read more ...

Hotels in Both the Middle East and Africa Showed Continued Occupancy...

Hotels in Both the Middle East and Africa Showed Continued Occupancy Improvements but at Overall for August

In the Middle East, hotel occupancy fell 30.8% to 43.3% in September as ADR dipped 13.5% to $98.54 and RevPAR declined 40.1% to $42.64. In Africa, hotel occupancy decreased... Read more ...

CWS Market Review - October 23, 2020

CWS Market Review - October 23, 2020

“Pride of opinion has been responsible for the downfall of more men on Wall Street than any other factor.” - Charles Dow Earnings season is finally here, and it's shaping up to... Read more ...

Huawei's revenue growth slows sharply as Covid-19 & US sanctions bite

Huawei's revenue growth slows sharply as Covid-19 & US sanctions bite

Chinese telecoms giant Huawei said the company's revenue growth slowed significantly in the third quarter of 2020 as a result of the Covid-19 pandemic and US sanctions, which... Read more ...