News 

It will bring together industry groups and advocates

“The workshop would bring together the video game industry and consumer advocates to discuss concerns and possible outreach around the controversial practice” writes Feb Est for theverge.com. The Federal Trade Commission is planning to hold a public workshop later this year to analyze the video game industry’s sale of loot boxes, according to an agency letter obtained by The Verge.In today’s letter, FTC chairman Joe Simons declines to comment on the alleged investigation, but he says that the agency will open up a public forum on the video game industry’s…

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James Charles talks beauty industry drama, overrated makeup, and his darkest moment yet

“Just like the rest of the digital beauty community, he’s no stranger to scandal” writes Victoria Jowett for cosmopolitan.com. When speaking about the beauty community in general (and all the drama that unfolded last year), he was pretty clear about one thing.James Charles is only 19 years old, yet he’s one of the most influential people in the beauty world. Source: cosmopolitan.com

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Stamps.com Cratered 50% After Betting Big on Amazon Shipping

“Stamps.com threw USPS under the bus, dissolving the companies’ longtime partnership, because it’s betting big on Amazon’s success in shipping and logistics” writes Mike Kane for cnbc.com. The e-retailer faces a tall task in disrupting the traditionally walled garden that is the U.S. shipping industry.So their threat should be taken very seriously by every player in the shipping industry,” CEO Ken McBride said on the company’s earnings call Thursday. Source: cnbc.com

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Millions of American jobs are going unfilled because of the ‘skills gap,’ and Prudential’s vice chairman says the responsibility for closing it largely rests on companies like his own

“Continuing the momentum will depend on the availability of workers with the appropriate skills to take advantage of new job opportunities,” the Council stated” writes Robert Falzon for businessinsider.com. But, as we continue to see job openings outpacing qualified workers nationwide, the “skills gap” runs the risk of jeopardizing America’s economic future and competitiveness.According to the Department of Labor, 6.9 million jobs remain unfilled and, at Prudential, we feel this challenge every day.We know like-minded companies understand the value of investing in career training and are rising to the challenge. Source:…

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Brokers Markets News 

Rising Client Acquisition Costs Squeezing Small Brokers

“It was the implementation of MiFID II that started a tectonic shift in client acquisition costs in the industry” writes Victor Golovtchenko for financemagnates.com. While industry consolidation has been a theme, there is a precursor which is causing it: ever-rising client acquisition costs.The talk of the day now are ever-rising client acquisition costs that keep swelling.Official stats for client acquisition costs have only been published by Plus500 so far. Source: financemagnates.com

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Freight startup Flexport just nabbed $1 billion through a SoftBank-led funding round, and it’s now worth $3.2 billion

“The Japanese bank’s Vision Fund just led a $1 billion investment round into Flexport, which is now valued at $3.2 billion” writes Rachel Premack for businessinsider.com. Such platforms have become common across the logistics industry.Instead, retailers turn that complicated process over to a freight forwarder. In trucking, startups like Uber Freight, Transfix, and Convoy are directly connecting retailers with trucking companies or truckers. Source: businessinsider.com

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GBP News 

The 1975 used their BRIT Awards speech to call out misogyny in the music industry

“In an email to Mashable, Snapes explained the importance of male allies like Healy in the music industry” writes Laura Byager for mashable.com. When accepting the 2019 BRIT award for Best British Group, The 1975’s lead singer Matty Healy used his speech to call out misogyny in the music industry by quoting an article by music journalist Laura Snapes, who’s deputy music editor at The Guardian. “Women in the music industry need male allies like Matty Healy who are willing to challenge the status quo and question the dynamics that…

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News Oil Stocks 

Buffett’s Suncor bet to revive investor interest in Canadian energy

“Some investors are betting that a change in government in Alberta after a spring election could benefit the oil industry” reports businessinsider.com. FILE PHOTO: A Suncor refinery is seen in Sherwood Park Thomson Reuters By John Tilak and Fergal Smith TORONTO (Reuters) – Berkshire Hathaway Inc’s re-investment in Suncor Energy Inc highlights the benefits of being an integrated oil company and could revive investor interest in the languishing Canadian energy sector, fund managers said.While a bet on Suncor is not seen as a play on the entire industry, major Berkshire…

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News Oil 

Vanguard just lured a BCG partner as its head of strategy, and it highlights one of the hottest new hiring areas at trillion-dollar asset managers

“Vanguard just tapped a partner at a powerhouse consulting firm to head up strategy for the asset management firm” writes Meghan Morris for businessinsider.com. Vanguard in January tapped consulting firm BCG’s former head of asset and wealth management as its new chief strategy officer.The asset management industry is facing increased pressures, as volatile markets pushed billions of capital out in the last few months and demand for lower fees continued to eat into revenue.”We see increasing interest in building out or strengthening strategy teams, starting with a head of strategy…

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