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download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewSix months after layoffs at food technology company City Storage Systems, another round of cuts hit teams globally, per leaked audio obtained by Business Insider. More than 80 US employees were cut at Otter, the company's restaurant tech arm, said a source familiar with the people laid off. This story is available exclusively to Business Insider subscribers. In fall 2021, CEO Travis Kalanick raised $850 million for CSS from investors including Microsoft, at a $15 billion valuation.
Persons: , Guido Gabrielli, Otter, Travis Kalanick, Kalanick, Uber, Gabrielli Organizations: Service, Storage Systems, Business, CSS, Microsoft, BI Locations: Canada, Latin America
Under the old FAFSA rules, assets held in grandparent-owned 529 college savings plans were not reported on the form, but distributions from those accounts counted as untaxed student income. Still, the idea of a loophole is not entirely new, according to Kalman Chany, a financial aid consultant and author of The Princeton Review's "Paying for College." "There were always planning strategies that families could use when it came to third-party 529 plans," Chany said. "Even with this change, you still need to look before you leap if grandparents are going to help pay for college," Chany said. The other advantages of 529 plans
Persons: Mark Kantrowitz, Michael Green, Green, Kalman Chany, Chany Organizations: IRS, slims, Apollon Wealth Management, Princeton Locations: Charleston , North Carolina
For most students and their families, which college they will choose hinges on the amount of financial aid offered and the breakdown between grants, scholarships, work-study opportunities and student loans. This year, schools are now waiting on that FAFSA information to begin building financial aid packages and to give students and families enough time to weigh their options. "The delay in sending FAFSA data to colleges will cause college financial aid offers to be delayed until at least April, maybe even May." "Making an offer of admission without offering a full financial aid offer really isn't useful for most families," said Adam Miller, vice president for admission and financial aid at Whitman College in Walla Walla, Washington. To do this, Whitman and other colleges would need to leverage the information families provided in their completed CSS Profile.
Persons: Mark, Mark Kantrowitz, Adam Miller, Whitman, Miller, Rick Castellano, Sallie Mae, Castellano Organizations: National College, Whitman College, College Board, Decision Locations: Walla Walla , Washington
Why Is Paying for College So Complicated?
  + stars: | 2024-01-18 | by ( Ron Lieber | ) www.nytimes.com   time to read: +1 min
Saving and paying for college is an endurance test, a forced march on an often 50-year parade, where strange numerical codes and senseless jumbles of letters mark a route that Waze can’t map. Begin at age zero or earlier with a 529 college savings plan for your child, born or not yet so. Then, fill out the FAFSA, which stands for “Free Application for Federal Student Aid,” and determine your student aid index (S.A.I.). or other data or the figures that another form, the CSS Profile, belches out is probably not enough to make college affordable. So you could apply for a federal PLUS loan for parents, which might take you 25 years to repay.
Organizations: Federal Student Aid, CSS
Some automakers are slowing down EV production, saying electric vehicles are too expensive. Auto execs have pointed to high prices as a big reason why demand for electric cars has slumped this year. AdvertisementHere's three reasons why electric cars are getting more affordable. Cheaper battery packsBy far the most expensive part of any EV is the battery, and spiking battery prices have hit automakers hard. "You have to get to a certain scale to really start to make money on electric cars and for the costs to go down," Valdez Streaty said.
Persons: , Kelley, Tesla, Goldman Sachs, EVs, David Browne, Patrick T, Fallon, Browne, Matthias Preindl, Stephanie Valdez Streaty, it's, Valdez Streaty, Elon, you've Organizations: Service, Ford, General Motors, EV, Atlas Public, EVs, Bloomberg, Department of Energy, Smart, Toyota, Manufacturers, ICE, Columbia University, Smith, Cox, Chicago Tribune, Getty Locations: China, Germany, Los Angeles
My son is applying to 17 colleges, and the application process is causing us both stress. My son is staying up late to get it all done, but I'm trying to make sure he stays healthy. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Thankfully, we've gotten some great advice from his school's college counselor. AdvertisementAs intense and emotional as applying to college is, I know this will all be worth it in the end.
Persons: , he's, He's, we've, who've, We've Organizations: Service, International, Federal Student Aid, College Locations: It's
A particular focus was an Otter business called Future Foods. But now, Future Foods is generating healthy revenue, relative to the cost of customer acquisition. He did not disclose revenue for Future Foods or other businesses on the call. 'Healthy tension'Gabrielli did admit there's a "healthy tension" with the Future Foods team, saying that they "tend to sandbag a little bit their capabilities." Future Foods also asks would-be customers if they maintain at least a four-star rating on one delivery app.
Persons: Travis Kalanick, Uber, Otter, Guido Gabrielli, Gabrielli, it's Organizations: Storage Systems, CSS, Otter, Tech, Foods, Future Foods
Travis Kalanick's ghost kitchen company laid staff off on Wednesday. In 2021, Kalanick raised $850 million at a $15 billion valuation for the company. The cuts come as tech and real estate companies rethink staffing needs in a more difficult market. Travis Kalanick's ghost kitchen company cut jobs on Wednesday, two employees told Insider. It wasn't immediately clear how many CSS employees were affected.
Persons: Travis, Kalanick Organizations: Storage Systems, Staff
CNN —Large swaths of Ghana are facing power blackouts due to gas shortages at a major power facility, the nation’s power operator said, compounding the country’s worst economic crisis in decades. The West African nation has battled power outages, known locally as “dumsor” for many years. “Dumsor is fully back, no announced timetables, no communication, nothing, just frequent random power outages,” one Ghanian said of the latest power cut on X, formerly known as Twitter. Recent studies expect the country’s energy crisis to worsen over the coming years, starting from this year. “Ghana’s energy supply requires urgent, purposeful and significant investment to undo the current precarious situation the country finds itself,” said research and policy think tank, Centre for Socioeconomic Studies (CSS).
Persons: , Ghanian, GRIDCo, Organizations: CNN, Ghana Grid Company, , World Bank Locations: Ghana, Tema, Accra
The US Department of Defense released its annual China Military Power Report last week. The report says China's has increased in missile stockpiles, doubling its supply of the DF-21 missile. The increase in what an expert called "Japan Killers" gives China greater capability to threaten US bases. The People's Liberation Army Rocket Force's includes a significant increase in DF-21 medium-range ballistic missiles. The new figures were released last week in the Department of Defense's annual China Military Power Report.
Persons: China's, , That's, GREG BAKER, Tom Shugart, who's, that's, Shugart, Joe Biden, Xi Jinping, Roosevelt, Mandel Ngan Organizations: US Department of Defense, China, Service, People's Liberation, Pentagon, Department, Taiwan . Military, Getty, NATO, US, Center, New, New American Security, DF, . Navy, Japan, Self, Defense Force, Reuters, US Navy, Defense, RAND, PLA, Artillery, White, American, DoD Locations: China, Japan, People's Republic of China, Taiwan, Beijing, AFP, Guam, New American, Korea, Soviet, Washington , DC
In 2021, Kalanick raised $850 million at a $15 billion valuation from backers including Microsoft. One, a physical ghost kitchen arm called CloudKitchens in the US, transforms mainly warehouses into private kitchen spaces that big companies and mom-and-pops alike can rent. 2021 fundraiseTravis Kalanick Theo Wargo/WireImageIn late 2021, CloudKitchens' parent company raised $850 million at a $15 billion valuation, Insider exclusively reported. Some entry-level sales employees have struggled at Otter, Insider reported. CloudKitchens US locationsA 2021 Insider analysis showed how CloudKitchens (and competitor Reef) snapped up properties across the US.
Persons: Travis, Kalanick, Travis Kalanick, Uber, , fundraise Travis Kalanick Theo Wargo, CloudKitchens, John Curran, they're, Sawyer, Meghan Morris Organizations: Microsoft, Morning, Storage Systems, CSS, Investors, Uber, Financial, City Storage Systems, Wall Street, Amazon, CIA, Otter Locations: Los Angeles, Saudi, Miami
Joel Gratcyk's son Wesley spends a few hours a week learning to code in Python, PHP, and Swift. Wesley started taking free courses when he was 7 and uses both online and library resources. Gratcyk said that whether or not Wesley goes into coding, he'll have an advantage in his career. Another one he's done is freeCodeCamp , which offers over 3,000 hours of tutorials for all levels of computer programming for free. The amount of time Wesley spends on coding changes from week to weekWesley enjoys coding most days.
Persons: Joel Gratcyk's, Wesley, Swift, Gratcyk, Joel Gratcyk, It's, He's, I've, we've, we're Organizations: Service, Khan Academy, Apple Locations: Wall, Silicon, Illinois
Nokia's shares dropped 7.8% in early trade to their lowest since April 2021, while Ericsson shares were down 7.7%. Nokia reported preliminary second-quarter sales of 5.7 billion euros ($6.4 billion), while analysts polled by Refinitiv had estimated sales of 6 billion euros on average. Nokia said it now expects 2023 sales of 23.2-24.6 billion euros ($26.1-$27.6 billion) against 24.6-26.2 billion euros estimated previously. Meanwhile, Ericsson reported a 62% fall in second-quarter adjusted operating profit, slightly above market expectations. The Swedish telecom equipment maker's operating profits, excluding restructuring charges, fell to 2.8 billion Swedish crowns ($271 million), compared with 7.4 billion crowns the previous year.
Persons: Refinitiv, Börje Ekholm, Ericsson's, Richard Webb, Webb, we’ll, Martin Coulter, Anna Ringstrom, Krishna Chandra Eluri, Tom Hogue Organizations: Nokia, Ericsson, Markets, Reuters, 5G, CSS Insight, Thomson Locations: North America, India, Swedish
Citigroup (C.N) had at one point shown interest in acquiring Credit Suisse Securities China (CSS), they added. Citi, whose CEO Jane Fraser was in China this week, is setting up a securities brokerage in China. UBS already has a majority-owned securities brokerage business in China. UBS and a spokesperson representing both Credit Suisse and CSS declined to comment. Founder Securities and the China Securities Regulatory Commission did not immediately respond to Reuters requests for comment.
Persons: Jane Fraser, Selena Li, Engen Tham, Sumeet Chatterjee, Edwina Gibbs Organizations: Credit Suisse, UBS, Citigroup, Credit Suisse Securities China, Citi, Securities, SS, CSS, China Securities Regulatory Commission, Thomson Locations: HONG KONG, SHANGHAI, China, Swiss, Hong Kong, Shanghai
As the mother of a college sophomore and high school senior, I know thinking about paying for college is daunting. Financial aid is determined by income information that is not necessarily up to date. If your circumstances are now different, that should be brought to the financial aid office's attention, he said. If you're concerned about making ends meet based on the financial aid award letter your child has already received, you can still ask for more aid. "So performing well throughout your high school career is not only important for admission but also for scholarship awards."
The Nokia G22 smartphone from Finnish firm HMD Global comes with a removable back to let you swap out broken parts. The next smartphone to come from mobile icon Nokia is a handset that users can repair themselves. The Nokia G22, developed by Finnish manufacturer HMD Global, is a standard smartphone with a 6.5-inch screen and a 50-megapixel main camera. Right to repair refers to a movement among consumer rights campaigners to make it easier for consumers to repair their gadgets. There is one drawback with the Nokia G22 — it only meets the IP52 benchmark on resistance against damaging substances, meaning it is not immune to water damage.
In the beginning, when I was only selling printables with personal-use licenses, I had several people ask if I could also create commercial-use printables, so I added those to my offerings. I noticed I was getting free traffic from Google and Pinterest, so I decided to cash in and start selling printables. My husband, who's now very supportive of my printables business, was skeptical that it was a good use of my time. I launched the memberships after customers requested more help selling printables, and I currently have around 190 members. My printables business means I can be there for my familyI can work as little or as much as I want.
I'll be working with the team over the next few weeks to ensure a smooth and efficient transition. All of this is a tiny fraction of our truly incredible work, done by incredible humans. The best way to learn is to read the code, to pair program with Shopifolk inside and outside of your team. I didn't truly understand the impact Shopify has on merchants until I met some in person. I leave you in the capable hands of our leaders, and I know you'll continue to do incredible work.
“We’re building a better America,” Biden said at a plant that makes components for electric vehicles. Two years ago, anyone betting against Biden’s political prospects would have lost. Biden has said more than 700,000 manufacturing jobs have been added since he took office. Democrats would like to flip the county in 2024, when Michigan will, as ever, loom as a crucial battleground state. “We’re hoping that President Biden’s visit might entice people to come back to the fold and recognize what his administration is doing for us economically.”
BAY CITY, Mich., Nov 29 (Reuters) - U.S. President Joe Biden on Tuesday hailed easing prices for gasoline, clothes and appliances as "good news for the holiday season," but said it would take time for inflation to return to normal levels. That's good news for the holiday season," Biden said, noting that costs for producers were also coming down. "While these prices are lower, they're not low enough," he said, adding, "It's going to take time to get inflation back to normal levels ... we're laser focused on this." Prices could spike again if unions reject a potential contract deal with U.S. railways, the White House has warned, but Biden did not raise the issue during his remarks. read moreReporting by Trevor Hunnicutt; Writing by Andrea Shalal; Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
CNN —Three astronauts lifted off to China’s nearly completed space station on Tuesday, marking the beginning of the country’s long-term presence in space. The Shenzhou-15 spacecraft is expected to dock with the Tiangong Space Station about 6.5 hours after launch. VCG/Getty ImagesSmaller than the ISSOnce construction is completed, the space station is expected to last for 15 years. Tiangong, which means heavenly palace, is smaller than the International Space Station but similar in its modular design. The new space station will typically house three rather than six astronauts.
REUTERS/Evelyn HocksteinWASHINGTON, Nov 29 (Reuters) - U.S. President Joe Biden's public approval rating rose to 40% this week, boosted by increased support within his Democratic Party, according to a Reuters/Ipsos poll finished on Tuesday. The two-day national poll still shows Biden's approval near the lowest level of his presidency. This week, Biden's approval rating rose 3 percentage points from 37% in a Nov. 21-22 poll. This year, his approval rating drifted as low as 36% in May and June. The Reuters/Ipsos poll, conducted online in English throughout the United States, gathered responses from 1,005 adults, including 453 Democrats and 365 Republicans.
During the US Civil War, Union and Confederate ships fought naval battles all over the world. She took 38 prizes and more than 1,000 prisoners, some of them joining the Confederate ship. From there, Shenandoah terrorized American ships in sea lanes around the Cape of Good Hope, through the Pacific, and into the Bering Sea off Alaska. Even after the Civil War was over, Shenandoah continued her Pacific rampage. The skipper just didn't believe Lee's surrender ended the war, even when American whaling captains told him so.
Instituția publică „Agenția de Guvernare Electronică” anunță prelungirea termenul de depunere a dosarului pentru suplinirea postului vacant de DEZVOLTATOR DE SOFTWAREI. Responsabilitățile de bază ale funcției:- Asigură dezvoltarea continuă a serviciilor și platformelor deținute de AGE;- Asigură mentenanța și suportul tehnic a serviciilor și platformelor deținute de AGE;- Contribuie la activități operaționale aferente serviciilor și platformelor deținute de AGE. - Asigură funcționalitatea și mentenanța mediilor de testare și de producție a serviciilor și platformelor deținute de AGE. - Contribuie la planificarea capacității tehnice mediilor de testare și de producție a serviciilor și platformelor deținute de AGE. Cunoașterea și vorbirea fluentă a limbii Române și a limbii engleze.
Persons: AGE ., AGE Organizations: Agenția, NET Windows, Foundation, Core Locations: Moldova, Republica Moldova
Consiliul Suprem de Securitate încearcă să lupte cu corupția, iar membrii acestui consiliu nu reprezintă regiunile, dar organele care trebuie să lupte împotriva corupției. În această chestiune am pornit de la competențele în domeniul combaterii corupției, nu a reprezentării teritoriale", a declarat Maia Sandu. Guvernatoarea autonomiei găgăuze, din sudul Republicii Moldova, Irina Vlah nu se mai regăsește printre membrii Consiliului Suprem de Securitate, după modificările operate de președinta Maia Sandu. Președinția spune că bașcanul nu este membru din oficiu, dar va fi invitat la ședința CSS, atunci când vor fi discutate subiecte ce vizează autonomia. Irina Vlah va fi invitată neapărat, atunci când vor exista subiecte ce vizează autonomia”, a comentat instituția prezidențială, la solicitarea UNIMEDIA.
Persons: Securitate, Maia Sandu, Irina Organizations: Consiliului, UTA Locations: Republicii Moldova, UTA Gagauz - Yeri
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