Hello everyone! Welcome to the weekly Business Insider collection of stories from co-editor Matt Turner. Sign up here to receive this newsletter in your inbox every Sunday.
Read on to learn more about how the Joe Biden-Kamala Harris administration can influence everything from healthcare to energy to technology, allegations of false sales tactics at the energy company. Powerhome Solar’s fast-growing and the way home offices are hiring.
The country has decided.
AP, NBC, CNN, The New York Times and The Washington Post called the presidential election for Joe Biden as soon as 11 a.m. ET Saturday, according to Insider said the results. Biden and Vice President Kamala Harris took to the stage last night to read speeches about their victory, highlighting hope and solidarity.
It was a stiff electoral race and President Donald Trump has yet to give in, although pressure on him to do so appears to be growing. In a clear reminder of the challenge Biden will face as president, the world this morning passed 50 million confirmed coronavirus infections.
We’ll continue to cover the unnamed races and the legal challenges of the Trump campaign. For now, here is a breakdown of what the election results mean for Trump, Biden’s potential cabinet, healthcare, technology, cannabis, energy, entrepreneurs, markets, etc.
Powerhome Solar uses misleading tactics, insider hints
From Benji Jones:
For years, Jim and Beth Rickenbaugh have resisted placing solar panels on top of their brick home in Charlotte, North Carolina. They want to wipe out their utility bills, but the prices seem too high.
Then, in late 2016, the couple came to an agreement they felt they couldn’t refuse.
According to Rickenbaughs, a salesperson at Powerhome Solar, an energy company headquartered in nearby Mooresville, visited their home and provided them with a free solar system that he said would almost wiped out their utility bills.
They only pay no more monthly payments for the panels than they save on their electricity bill from Duke Energy, they say.
In 2017, Rickenbaughs signed up, agreeing to pay more than $ 15,000 for their system. Documents show they signed a 20-year loan with a 6% interest rate, meaning they will have to pay an additional $ 11,765 in interest.
Then, they waited for their bills to plummet. It didn’t.
Read the full story here:
Rent a family office
From Rebecca Ungarino:
Many banks and wealth managers are slowing hiring or firing employees during a pandemic. Or both. But family offices, secretive wealth regulators, loosely managed for the richest families in the world, are exceptions.
After a brief search pause earlier this year, many have resumed hiring for investment roles for the most part in recent months, six recruiters said in an interview with Business Insider.
In many cases, they are looking to attract talent from private equity firms and elite asset managers, the recruiters said, and continue to form teams like operations. Established functions with sophisticated competencies.
Read the full story here:
The Invitation: Cannabis Election Victory is reshaping the US cannabis industry
After the results of Tuesday’s voting, one thing was clear: The Americans overwhelmed the cannabis reform.
Joining Business Insider’s cannabis reporters, Jeremy Berke and Yeji Jesse Lee chats with healthcare editor Zachary Tracer, who will analyze the implications of voting initiatives for companies cannabis, consumer and the future of cannabis policy in the United States at 3:00 pm EDT on Tuesday.
Sign up here
Here are some headlines from the past week that you may have missed.
A new field of startup investment for venture capitalists and celebrities turning video games like ‘Fortnite’ into monetization contests. Some are worried that it gives children a gambling invitation.
In a leaked recording, an Amazon executive told staff that the company would double its Black leaders this year and ban the ‘non-exclusive’ language from documents.
‘Even worse than we thought’: ESPN staff describes how their 300-person layoffs went and what they think the future will be
POWER PLAYERS: Here are 15 change makers at Adidas paving the way for diversity and inclusion at the company
Tracy Tutor, the Beverly Hills real estate giant, closed deals worth tens of millions of dollars last year and she swears by this daily routine from 5:30 a.m. to 10 p.m.
If you want to work in Canada, here are the 15 most hiring startups currently hiring
18 power players at Amazon who are leading the e-commerce giant’s media ambitions
Jen Sey was a champion gymnast before becoming president of Levi’s global brand. This is how her experience playing – and speaking out about abuse in sports – influenced her leadership style.