News 

Silicon Valley’s hottest startup program is closing its China subsidiary after only a year, amid rising trade tensions

“Y Combinator said the decision was a change in strategy unrelated to problems between the two countries” writes Jane Lanhee Lee for businessinsider.com. Y Combinator said in a blog post that the incubator had changed its strategy to supporting local and international startups from its Silicon Valley headquarters.The move comes as tensions rise between the United States and China over trade and intellectual property in the technology sector. Source: businessinsider.com

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News Stocks 

A fund manager who’s outshining 95% of his peers unpacks the secret weapons behind his top 2 tech stocks — and explains why he almost never invests in hot IPOs

“For fund manager Jim Golan, picking the right stocks begins with picking the right industries” writes Akin Oyedele for businessinsider.com. This longer-term approach to stock picking is why he almost never invests in IPO debuts.The fund has outperformed both the S&P 500 and its Russell 1000 growth benchmark since Golan took the reins in 2005. Source: businessinsider.com

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Civilization 6 is a solid console port, at too high a price

“The Civilization 6 game itself is the standard console game price of $59.99” writes Jeffrey Parkin for polygon.com. As I argued when I reviewed the most recent update, Civilization 6’s DLC prices are too high, and the entire package should be offered at a much lower price.But while I do recommend this marvelous game, I also think the price tag is too high. Source: polygon.com

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The No. 1 strategy for winning a real-estate bidding war

“The analysis showed these approaches did not lead to an increased likelihood of winning a bidding war” writes Jacob Passy for marketwatch.com. A new report from real-estate brokerage Redfin examined the most successful strategies to use when dealing with competing bids for homes.Read more: Permits for new-home construction hits post-recession record high in October While waiving this contingency was previously shown to increase the odds of winning a bidding war by 58%, nowadays it will only boost a buyer’s chance by 20%. Source: marketwatch.com

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The Delicate Balance of Making an Ecosystem Strategy Work

“These stories will illustrate that we need both the customer value proposition and the ability to work with partners and add value for the orchestrator” reports hbr.org. It’s time for a new philosophy of strategy-making: Successful ecosystem strategy means shaping a Yin that matches your Yang.By doing so, it’s trying to improve its value proposition (Yang) by offering customers more value and becoming a super-app.To execute an ecosystem strategy, you must also understand how to make an ecosystem work—in particular, this means not only offering a seamless value proposition but…

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Markets News Oil 

Inside the Middle East’s biggest oil and gas conference, and assessing a damaged post-WeWork landscape

“It occurred at the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC), where all the world’s top oil and gas executives gathered to sign a blockbuster deal” writes Joe Ciolli for businessinsider.com. The following day, another gathering of global executives took place, where top brass explained their backing of the deal.In an exclusive interview with Business Insider, he laid out his favorite strategy for outperforming peers during a market sell-off.There was also a major focus on innovation and the digitization of oil and gas technology. Source: businessinsider.com

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Senate Republicans Divided Over Impeachment Trial Strategy

“Divisions among Senate Republicans are muddying their strategy for a potential impeachment trial” reports thehill.com. Kevin Cramer Kevin John CramerGOP divided over impeachment trial strategy GOP senators balk at lengthy impeachment trial GOP senators plan to tune out impeachment week MORE (R-N.D.) quipped that Republicans were discussing ten weeks. “We’re thinking about maybe 10,” Cramer joked, before adding: “No I think it could be 10 minutes, frankly.” McConnell has used the Clinton impeachment trial as a rough guide, and a cadre of Republicans shot down Burr’s timeline, arguing there’s no…

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Markets News Stocks 

A fund manager who’s crushing nearly all of his peers breaks down his unique strategy for continuing to outperform during a market crash

“Bennett and his colleagues arrived at this conclusion by dissecting the so-called downside and upside capture ratios of telecoms and software stocks” writes Akin Oyedele for businessinsider.com. This means software stocks fell more than the broader market compared to telecoms.In other words, seeking refuge in telecoms — a traditionally defensive sector — was a less profitable strategy over a longer stretch of time.Defensive sectors like utilities and telecommunications are widely considered some of the most attractive places to seek refuge in less-rosy market circumstances.These ratios measure a stock’s up or…

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Nike tried playing nice with Amazon. Here’s why it didn’t work

“Part of the point of this strategy was to cut down on fake goods on Amazon” reports fastcompany.com. Now Nike is pulling out of this arrangement after it “reportedly struggled to control the Amazon marketplace,” Bloomberg reports: In a statement to Bloomberg, Nike said this change was part of a larger overhaul of its marketing and retail strategy. Source: fastcompany.com

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