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Good morning all! Welcome to this weekly roundup of Business Insider articles from Co-Editor Matt Turner. Subscribe here to get this newsletter delivered to your inbox every Sunday.
Read on to learn more about how a Joe Biden-Kamala Harris administration could impact everything from healthcare and energy to technology, to the allegations of deceptive sales tactics in society. fast growing energy Powerhome Solar and recruiting family offices.
President-elect Joe Biden and Vice President-elect Kamala Harris take the stage at the Chase Center to address the nation November 07, 2020 in Wilmington, Delaware.
Andrew Harnik-Pool / Getty Images
Hi!
The nation has decided.
The AP, NBC, CNN, The New York Times and The Washington Post called Joe Biden’s presidential election shortly after 11 a.m. ET on Saturday, after Insider announced the result. Biden and Vice President-elect Kamala Harris took the stage last night to deliver their victory speeches, emphasizing hope and unity.
The election race has been eventful and President Donald Trump has yet to concede, although the pressure to do so appears to be mounting. In a stark reminder of the challenge Biden will face as president, the world this morning surpassed 50 million confirmed cases of the coronavirus.
We will continue to cover the races that have yet to be called and the legal challenges of the Trump campaign. For now, here’s a breakdown of what the election results mean for Trump, Biden’s potential cabinet, healthcare, tech, cannabis, energy, entrepreneurs, the markets, and more.
Powerhome Solar Uses Deceptive Tactics, Insiders Suggest
Skye Gould / Business Insider
From Benji Jones:
For years, Jim and Beth Rickenbaugh had resisted installing solar panels on their brick house in Charlotte, North Carolina. They wanted to erase their electric bill, but the price seemed too high.
Then, at the end of 2016, the couple came across a deal they felt they could not refuse.
A salesperson from Powerhome Solar, a nearby Mooresville-based energy company, visited their home and offered them a solar power system with no upfront cost that he said would almost wipe out their electric bill, according to the reports. Rickenbaughs.
They would just have to make monthly payments for the panels which would be nothing more than the savings on their utility bill from Duke Energy, they said.
In 2017, the Rickenbaughs signed up, agreeing to pay over $ 15,000 for their system. The documents show they signed a 20-year loan with an interest rate of 6%, which means they will pay an additional $ 11,765 in interest.
Then they waited for their bill to collapse. That was not the case.
Read the full story here:
Family office rental
Samantha Lee / Business Insider
From Rebecca Ungarino:
Many banks and asset managers are slowing hiring or firing employees during the pandemic. Or both. But family offices, the low-profile, poorly regulated wealth managers for the world’s richest clans, are outliers.
After stopping searches for brief periods earlier this year, many have resumed hiring for primarily investment positions in recent months, six recruiters said in interviews with Business Insider.
They are in many cases looking to attract talent from elite private equity firms and wealth managers, recruiters said, and continue to form operations that look like established institutions with sophisticated capabilities.
Read the full story here:
Also read:
Invitation: How Marijuana’s Electoral Triumph Reshapes The U.S. Cannabis Industry
After the results of Tuesday’s vote, one thing is clear: Americans overwhelmingly support cannabis reform.
Join Business Insider Cannabis Reporters Jeremy Berke and Yeji Jesse Lee in a conversation with Health Editor Zachary Tracer, who will explain what voting initiatives mean for cannabis companies, consumers and the future. Cannabis Policy in the United States at 3:00 p.m. EDT Tuesday.
register here
Here are a few headlines from the past week that you might have missed.
– Matt
A new area of early-stage investment for venture capitalists and celebrities is turning video games like ‘Fortnite’ into a cash competition. Some worry that it gives children an invitation to play.
In a leaked recording, an Amazon executive told employees the company would overtake black executives this year and ban ‘non-exclusive’ language from documents
‘Even worse than we thought’: ESPN employees describe how its spate of 300 layoffs unfolded and what they think the future holds
POWER PLAYERS: Here are the 15 change agents at Adidas who are paving the way for diversity and inclusion in the company
Beverly Hills super-realtor Tracy Tutor has closed tens of millions of deals over the past year, and she swears by that daily routine from 5:30 a.m. to 10 p.m.
If you want to work in Canada, here are the 15 hottest startups right now
The 18 powerful Amazon players driving the e-commerce giant’s media ambitions
Jen Sey was a champion gymnast before becoming president of Levi’s global brand. Here’s how his experience of competing – and speaking out against abuse in sport – influenced his leadership style.
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