Charting the Global Economy: Key Central Banks Hold on Rates
Central bankers in the US, UK and Japan held the line on interest rates this week as officials attempt to gauge the impact of tariffs, uncertainty about economic activity and war in the Middle East.
While the median forecast from US Federal Reserve officials showed two interest-rate cuts by the end of the year, seven policymakers — up from four at the March meeting — indicated they see no reduction.
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Business Insider
4 minutes ago
- Business Insider
Anna Wintour is hiring at Vogue. Here's how to thrive when your boss used to have your job.
Whomever replaces Anna Wintour in running day-to-day operations at American Vogue will have some enormous stilettos to fill. That's partly because Wintour, who's 75, has been at the job for nearly four decades and is a legend in the business. It's also because whoever comes next will report to her. Wintour, who became Vogue's editor in chief in 1988, is giving up that role. However, she'll remain global editorial director at the magazine and chief content officer for its parent company, Condé Nast, the company said Thursday. Taking on a senior role, similar to the one Wintour vacated at Vogue, is often challenging, especially when the predecessor remains on hand, leadership experts told Business Insider. Incoming leaders are wise to signal that they want to make changes without abandoning what makes an organization work, said Kevin Groves, a professor of management at Pepperdine's Graziadio Business School. "We're preserving what's most important to us, while recognizing our environment has changed," he said. Here are three pieces of advice on taking over after a leader who looms large — and who might still be down the hall. Don't be impatient Stepping into this position successfully starts with indicating sincere interest in the role and prioritizing what's best for the organization, Nancy Ho, an executive coach based in Singapore, told BI. "You cannot be impatient and rush into it. It should not be seen like you're power-hungry or claiming a role prematurely," Ho said. Instead, she said, new leaders need to focus on understanding a company's culture and how they can position themselves as an asset to the organization. James Reed, CEO of the UK-based recruitment company Reed, said there is no harm in declaring to your boss that you are ambitious and aim to lead an organization, "even if you avoid explicitly saying you're after their job." "Ask what you need to learn and what more you can contribute to support them," Reed said. "Then they will be aware of your ambition but appreciate that you are seeking to help and learn from them rather than undermine them." Don't rock the boat too early Ho said it's important not to make drastic changes too soon upon getting the job. Ho recommended that the first step is acknowledging the good work done before them. Then, they should gain the team's trust by carefully working with them and making small, gradual changes to improve the organization's effectiveness. "When there's a certain buy-in, and people are more comfortable with a different leader, then you introduce changes," she said. Sabina Nawaz, a US-based CEO coach, said new leaders should not make changes for at least the first three months because the first thing to do after receiving the title is "to be curious." "Go on a listening tour, excavate the reasons behind decisions or actions, try to make sense of things from the perspective of others: given that they're smart and well-meaning, what did they have in mind when they acted this way," Nawaz said. Christian Tröster, a professor of leadership and organizational behavior at Germany's Kühne Logistics University, told BI that new leaders can demonstrate they're becoming part of the organization by being careful not to suggest that everything should change. "Because then you're showing that you are not like them, that you cannot be trusted," Tröster said. "Then you don't have the commitment of your employees to actually go with you." Tröster said that when an incoming leader would have to report to the person who held the post in the past, it's important to have a conversation about expectations. He said that while org charts are often clear, layers are often not always evident, including what relationships people have and who they tend to go to for advice. "I would try to make that visible," Tröster said. That way, he said, workers know who they're expected to go to and leaders and employees can agree to the arrangement. Don't be afraid to be different For those taking over a new role while their predecessor is still around — especially someone as "established and admired" as Anna Wintour, it's important to take advantage of your access to them, Amanda Augustine, a career coach at told BI via email. "Start the job as a sponge, learning what you can from your predecessor and other colleagues," she said, adding that it's important not to stay in information-gathering mode forever. Jochen Menges, a professor of leadership at the University of Zurich and the University of Cambridge, told BI that new leaders should "be different" and avoid trying to replicate the exact leadership style or strategy of the person they're replacing. "If they're too close, then they'll seem to be a copy, and then they can never live up," he said. When new bosses are different in some ways, Menges said, they can be "a leader in their own right."
CNET
12 minutes ago
- CNET
Apple's $96 Million Siri Settlement Closes In Days. Chances Are Good You Could Be Eligible
If you're eligible for a settlement payout from Apple, make sure you sign up by July 2. Viva Tung/CNET As useful as they -- sometimes -- can be, virtual assistants can often be just as annoying, especially if you've ever called one up by mistake. If you're an Apple user who's had that sort of issue with Siri in the last decade, I've got a settlement you should know about. Apple customers may be eligible for a payout from a $96 million class-action settlement if the Siri virtual assistant was accidentally activated during a private conversation. However, if you want your payout for this privacy invasion, you'll need to make sure you sign up soon. The deadline to file a claim now less than a week away, and after that you'll be out of luck. Apple agreed to the settlement after being sued for allegedly allowing Siri to listen in on private conversations without consent. Now, a claims website is live, and if you meet the criteria, you could get a piece of the payout. Whether you're a longtime iPhone user or just want to see if you're eligible, here's everything you need to know before the window closes. The settlement period covers a full decade and given the ubiquity of Apple products, there's a good chance you'll be eligible for a piece of the payout. If you meet the eligibility standards, you can claim a payment for up to five Siri-enabled devices, with a cap on how much you can receive per device. We'll get into the specific amount a little bit later. The impact of this settlement has the potential to be wide-ranging, given the reach of Apple's product ecosystem. According to a Business of Apps report from November, citing company and market research data, there were roughly 155 million active iPhones in the US as of 2024, a number that's been steadily increasing since the product's debut. Similarly, active Apple TV streaming boxes in the US have also been increasing year to year, with more than 32 million active in the US as of 2023. To find out if you're eligible for this settlement, read on. For more, find out what's up with the recent delay of T-Mobile data breach settlement checks. Who sued Apple and why? This class-action lawsuit, Lopez et al v. Apple Inc., was first brought against Apple in 2019, with plaintiffs alleging that they were routinely recorded by their Apple devices after unintentionally activating the Siri virtual assistant, violating their privacy in the process. They further alleged that these recordings were then sold to advertisers and used to target them with ads online. Specific incidents mentioned in the suit include plaintiffs seeing ads online for brands like Air Jordan and Olive Garden after Apple device users discussed them out loud. In some instances, plaintiffs claimed that their devices began listening to them without them having said anything at all. At least one plaintiff involved in the case was a minor when it was first filed. Though it agreed to the settlement, Apple hasn't admitted any wrongdoing. "Siri has been engineered to protect user privacy from the beginning," Apple said in a statement sent to CNET. "Siri data has never been used to build marketing profiles and it has never been sold to anyone for any purpose. Apple settled this case to avoid additional litigation so we can move forward from concerns about third-party grading that we already addressed in 2019. We use Siri data to improve Siri and we are constantly developing technologies to make Siri even more private." Who is eligible for this class-action settlement? The eligibility requirements for this settlement are fairly broad, as it's open to anyone who owned a Siri-enabled Apple device between Sept. 17, 2014, and Dec. 31, 2024. In order to opt in, you'll have to swear under oath that at some point during that period, you accidentally activated Siri on each device you want to get a payment for, and that these activations occurred during a conversation meant to be private. Siri-enabled devices include iPhones, iPads, Apple Watches, MacBooks, iMacs, Apple TV streaming boxes, HomePod speakers and iPod Touches. How can I opt in to this Apple settlement? As of Thursday, May 8, a website has been launched where Apple customers can claim a portion of the settlement, if they believe they qualify. If you're looking to submit a claim, you have until July 2, 2025, to do so. It's not clear at this time when payments will be disbursed to approved claimants but it will surely be sometime after Aug. 1, 2025, when a final approval hearing is scheduled. How much can I get from the class-action settlement? Payments per device are to be capped at $20, although depending on how many people opt in to the settlement, claimants could receive less than that. Each individual can only claim payments for up to five devices, meaning the maximum possible payment you could receive from the settlement is $100. For more on Apple, see why a majority of users don't care for Apple Intelligence and find out which iOS setting can stop apps from tracking you.
Bloomberg
17 minutes ago
- Bloomberg
At the Enhanced Games, Doping Is the Whole Point
Welcome to the weekend! After just over a year in business together, two food companies have announced an end to their partnership. One will refocus on its 'hot-off-the-line, melt-in-your-mouth' products, and the other on its World Famous Fries®. Which companies are they? Find out with the Pointed quiz.
