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☆ Millennial wealth is booming. It turns out avocado toast didn't tank them after all.
▼ + stars: | 2024-04-24 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

That rate of rapid wealth growth has never happened before in the data series' history, per the analysis, and it comes after wealth growth remained relatively stagnant for young Americans pre-pandemic. This data, as the authors of the CAP analysis note, suggests that wealth gains weren't just reserved for the top-earning millennials since both median and average wealth grew. "This suggests that the strong wealth growth for younger Americans is broad-based and not the result of strong growth of a handful of wealthy younger households," the authors write. As that report notes, financial assets were a major component of younger Americans' wealth growing. "We need to keep this robust labor market going and Congress needs to set its sights on younger Americans' greatest affordability challenge: housing," Duke said.

Persons: —, Gen X, Brendan Duke, Christian Weller, X, millennials, Duke, BI's Noah Sheidlower Organizations: Service, Center for American Progress, Federal, Business, Boomers, Federal Reserve's Survey, Consumer Finances, millennials, Liberty Street, Federal Reserve Bank of New Locations: millennials, Federal Reserve Bank of New York

☆ Stocks hate this one weird trick from the calendar
▼ + stars: | 2024-02-29 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

New York CNN —Leap Day might seem like fun and games — until you consider Wall Street. To account for that gap, Julius Caesar in 45 BC decreed that an extra day be added every four years, leading to the Julian calendar. Pope Gregory XIII in 1582 AD created the Gregorian calendar, coined the term “leap year” and established February 29 as the official leap day. He adds that a leap day can also help marginally raise corporate earnings, since companies get an extra day in a fiscal quarter to operate. History shows that stocks tend to perform worse when an additional day is added to the calendar.

Persons: Julius Caesar, Pope Gregory XIII, Matt Weller, Weller, Dow, ”, “ Barbie ”, “ Oppenheimer, ’, Samantha Delouya, It’s, Read, Sam’s, Sam, Matt Egan, Banks Organizations: CNN Business, Bell, New York CNN, Dow Jones, Bulls, Research, AMC Entertainment, AMC, Treasury Department, CNN, Treasury Locations: New York, FOREX.com

☆ I shared my $100K salary details to help my female colleagues get paid more. As a man, I knew it was my moral duty.
▼ + stars: | 2024-02-15 | by ( Chris Weller | ) www.businessinsider.com time to read: +6 min

Discussions of pay came up rather frequently and I felt it was my responsibility to be an ally to my female colleagues when it came to salaries. But I want to share my experiences to encourage other men in the workforce to share what they make with their female colleagues. On separate occasions during that role, three of my female colleagues began pursuing senior analyst roles, which was my prior role. Men, help your female colleagues earn what they’re worthI don’t see any downsides to pay transparency. AdvertisementWhile it might be nice to imagine employers making pay equity or transparency a priority, in my experience, employers will find reasons for explaining away the pay gaps.

Persons: Jamie Jones, I’ve, I’d Organizations: Service, Business, University of Birmingham

☆ When I was hired at my first tech job I got an 81% salary bump. I had no idea my customer service skills would transfer.
▼ + stars: | 2024-02-06 | by ( Chris Weller | ) www.businessinsider.com time to read: +7 min

AdvertisementThis as-told-to essay is based on a conversation with Pam, a 34-year-old senior customer success manager at a tech company based in Atlanta. As soon as I switched to tech, I earned $30,000 more than I made at my wellness job. AdvertisementAssociate customer success manager, $57,000 plus $10,000 bonus (first tech job)My first tech role had me hooked. This led to a promotion to senior associate customer success manager and a salary of $67,000 with a $15,000 bonus. Senior customer success manager, $102,000 plus 12% bonus, 500 optionsRight around my two-year anniversary, I was promoted to senior customer success manager.

Persons: Pam, Pam didn't, she's, —, I've, I'd, couldn't, We're, we're Organizations: Service, LinkedIn Locations: Atlanta

☆ Why U.S. renters are taking corporate landlords to court
▼ + stars: | 2024-02-03 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +5 min

Equity Residential purchased Portside Towers in 2019. A group of renters in the U.S. say their landlords are using software to deliver inflated rent hikes. Renters told CNBC they discovered how revenue management software is used in real estate after reading a 2022 ProPublica investigation. Equity Residential investor materials show that the company started to experiment with Lease Rent Options between 2005 and 2008. Equity Residential and other defendant landlords declined to comment on ongoing RealPage litigation.

Persons: RealPage, District of Columbia Brian Schwalb, We've, Kevin Weller, There's, Jeffrey Roper, Thoma, Thoma Bravo, Harry Gural, Gural, we're, Mark Parrell Organizations: Washington , D.C, District of Columbia, CNBC, Equity Residential, Towers, World Trade, RealPage, U.S . Department of Justice, Equity, U.S, Thoma Bravo, U.S . Locations: Washington ,, RealPage, Jersey City , New Jersey, Portside, U.S, Miami, Van Ness, Jersey City, Atlanta, Austin , Texas, U.S . East

☆ Global fund managers turn uber-bullish as stock rally rolls in to mid-December
▼ + stars: | 2023-12-19 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

If you want a sense of how frothy things have become, look no further than the December Bank of America Global Fund Manager Survey. This is a survey of roughly 250 global fund managers and is a very good gauge of sentiment among fund managers. 1-month average returns: 1.9% (vs. 0.6% in all 1-month periods) 3- month average returns: 3.3% (vs. 1.9%) 1- year average returns: 7.5% (vs. 7.9%) Source: StoneX While eight-day streaks are rare, the Dow has done even better. Last July, th e Dow broke a 13-day winning streak , the likes of which were last seen in 1987. It's currently at an RSI (Relative Strength Indicator, a gauge of momentum over the past 14 trading days) of 85.

Persons: Dow, Matt Weller, That's, Weller, It's Organizations: Bank of America Global Fund, Survey, Federal, Dow Locations: China

TOKYO (AP) — Asian shares mostly fell Wednesday although a strong report on U.S. consumer confidence and hopes the Federal Reserve is finished with its aggressive interest rate hikes sent shares higher on Wall Street. Food delivery company Meituan's Hong Kong-traded shares dropped 11% after it forecast its revenue will fall in the current quarter. The loosening grip from inflation and a resilient economy have raised hopes that the Fed might finally be finished with raising its benchmark interest rate. Hopes that the Fed will keep its benchmark interest rate steady were reaffirmed Tuesday by Christopher Waller, a member of the Fed’s Board of Governors. The Fed will meet again in December to update its interest rate policy.

Persons: Australia's, Hang Seng, Matthew Weller, Forex.com, Brent, Tesla, Christopher Waller, “, ” Waller, Damian J, Troise, Alex Veiga Organizations: TOKYO, Reserve, Nikkei, China Evergrande, Benchmark, New York Mercantile Exchange, Dow Jones, Nasdaq, Microsoft, GE Healthcare Technologies, Treasury, Federal Reserve, Fed’s, Governors, American Enterprise Institute, U.S ., AP Business Locations: Hong, Shanghai, Hong Kong, China, OPEC, Washington

☆ Harry Kane scores goal from inside own half for Bayern Munich, echoing predecessor David Beckham
▼ + stars: | 2023-10-29 | by ( Issy Ronald | ) edition.cnn.com time to read: +1 min

CNN —England captain Harry Kane has settled into life in the Bundesliga with aplomb and, on Saturday, the forward scored a sensational goal from inside his own half during Bayern Munich’s dismantling of Darmstadt 98, echoing the exploits of former England captain David Beckham nearly 30 years ago. “I just saw the keeper out the corner of my eye in a strange position,” he told Sky Sports afterwards. Bayern Munich won 8-0. Tom Weller/dpa/APThe goal also contributed to Kane’s hat trick on Saturday as Bayern Munich defeated Darmstadt 98 8-0 following an extraordinary game which contained three red cards in the first half – one for Bayern and two for Darmstadt – and eight goals in the second half. Since joining the German club after a 19-year stint at Tottenham Hotspur, Kane has scored 14 goals in 13 games and is currently the second-most prolific goalscorer in the Bundesliga after Serhou Guirassy.

Persons: Harry Kane, David Beckham, Kane, Marcel Schuhen’s, ”, “, Tom Weller, Serhou Guirassy Organizations: CNN, Bundesliga, aplomb, Bayern, Sky Sports, Manchester United, Wimbledon, Bayern Munich, Darmstadt, Tottenham Hotspur Locations: Darmstadt, “

☆ Bitcoin may see a 'supply shock' as available tokens hit their lowest level since 2018 with a potential ETF likely to jolt demand, analyst says
▼ + stars: | 2023-10-27 | by ( Aruni Soni | ) www.businessinsider.com time to read: +2 min

That could set up a supply shock with potential approval of a spot bitcoin ETF looming, an analyst said. AdvertisementAdvertisementThe world's largest cryptocurrency by market capitalization might run into a shortage of liquid supply, especially with potential approval of a spot bitcoin ETF poised to boost demand. Bitcoin balance on exchanges and price of bitcoin CoinDesk, GlassnodeThe supply crunch could set up bitcoin for another price spike. Earlier this week, bitcoin hit $35,000, the highest since May 2022, on hopes that a spot bitcoin ETF would get regulatory approval soon. AdvertisementAdvertisementUnlike a regular currency, the supply of bitcoin was designed to be finite, capped at 21 million tokens.

Persons: Bitcoin, —, Matt Weller, CoinDesk, there's, bitcoin, Weller, haven't Organizations: Service

☆ How to watch KSI vs. Tommy Fury, Logan Paul vs. Dillon Danis
▼ + stars: | 2023-10-14 | by ( Ben Morse | ) edition.cnn.com time to read: +7 min

The build up to Saturday’s fight card – headlined by KSI vs. Tommy Fury and Logan Paul vs. Dillon Danis – has been anything but low-key. Like KSI, Paul also became well-known because of his presence on the internet, but has more recently blossomed into a rising star in the world of wrestling entertainment on WWE. Boxing for legitimacyWhile Danis and Paul don’t have a long history of boxing matches, the same cannot be said about Fury and KSI. Fury celebrates after defeating Jake Paul in Riyadh, Saudi Arabia. The man that defeated the once undefeated Jake Paul is now my opponent and I can’t wait to silence all the doubters that believe I have no chance.

Persons: Tommy Fury, Logan Paul, Dillon Danis –, Paul, Jonathan Brady, KSI, Joe Weller, Floyd Mayweather Jr, Anderson Silva, Olajide, YouTubers, Fury, Tyson Fury, ”, YouTuber Jake Paul –, –, Conor McGregor, Nurmagomedov, Danis, Jake, Logan, Paul “, DAZN, X, Paul’s fiancée, Nina Agdal, Agdal, ” Logan Paul, Jake Paul, Nate Diaz, Sam Hodde, – Paul, hasn’t, Paul don’t, Joe Fournier, Paul Harding, ” KSI, “ Organizations: CNN, KSI, AO, YouTube, Misfits, WWE, UFC, Danis, American Airlines Center, Wembley Arena, Getty Locations: Manchester, England, British, Saudi Arabia, Danis, Riyadh

☆ Dillon Danis: ‘Revenge porn’ lawsuit against fighter overshadows major influencer boxing event, also involving Logan Paul, KSI and Tommy Fury
▼ + stars: | 2023-10-12 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

CNN —Involving internet stars Olajide “KSI” Olatunji, Logan Paul, Tommy Fury and Dillon Danis, it’s an event that’s widely viewed as the most highly-anticipated bill ever involving non-traditional boxing stars. Staged in Manchester, England, on Saturday, KSI will face Fury, while Paul fights Danis. Boxing involving non-traditional fighters has come a long way since it began to gain traction as a form of entertainment. Logan Paul (middle) and Nina Agdal (right) attend the UFC 284 event at RAC Arena on February 12, 2023 in Perth, Australia, alongside KSI (left). In their face off a month before the fight, Paul called Danis “pathetic” and “vile” for his barrage of tweets aimed at Agdal.

Persons: Olajide, Logan Paul, Tommy Fury, Dillon Danis, KSI, Fury, Paul, Danis, Joe Weller, Floyd Mayweather Jr, Anderson Silva, Paul’s, Paul’s fiancée, Nina Agdal, Agdal, ”, Chris Unger, ” Agdal, “, hasn’t, Brendan Schaub, ” Paul, Jesus, Schaub, ’, Jonathan Brady, he’d, “ Logan doesn’t, Nina Organizations: CNN, Fury, Danis, Twitter, District of, UFC, RAC Arena, KSI, Paul’s PR, Boxing Locations: Manchester, England, London, U.S, District of New Jersey, Agdal, Perth, Australia

☆ After hating on Taylor Swift for years, I've now spent $8,000 on her Eras Tour. I finally understand the hype.
▼ + stars: | 2023-07-06 | by ( Chris Weller | ) www.businessinsider.com time to read: +8 min

Erin Wickham, 34, says she found Taylor Swift "annoying" for most of her twenties. I always knew Swift as this pop-bubblegum artist, so I didn't expect muchThe process of getting converted from Taylor Swift antagonist to full-on superfan happened faster than I expected. Swift's music spoke to me on an emotional level I wasn't expectingI had a difficult 2022. I was crazy for Taylor Swift, but I wasn't going to shell out that kind of money. Taylor Swift's music makes me feel less aloneI imagine this sense of connection is why people have followed groups like the Grateful Dead and Phish around for so many years.

Persons: Erin Wickham, Taylor Swift, Wickham, She's, —, It's, I'd, I'm, Swift, Taylor, TikTok, Marjorie, begrudgingly, I've, what's, Taylor Swift's Organizations: Swift, Service, New, MetLife, Pittsburgh, Amtrak Locations: TikTok, New Jersey, Pittsburgh, merch

☆ I moved to Germany and regret it. The people have been unwelcoming, and not even the great healthcare can convince me to stay.
▼ + stars: | 2023-06-13 | by ( Chris Weller | ) www.businessinsider.com time to read: +7 min

Stephanie Bollmer moved to Germany from South Korea about 18 months ago. I was living in South Korea, teaching English, when I met my now-husband in 2021. In the US and South Korea, I was used to people being friendly toward visitors trying to learn the language. Coming from the US and South Korea, where same-day or next-day delivery are more common, this has been an adjustment. But coming from South Korea, where the care is even better than Germany, I recognize it's the care, not Germany, that I'll miss.

Persons: Stephanie Bollmer, Bollmer, —, It's, We're, restationed, I've, I'm, I'd, stepmom, Germany that's, it's Organizations: Service Locations: Germany, South Korea, Sacramento , California, United States, German, Berlin, Frankfurt, Korea, Philippines, California

☆ I moved to Germany and regret it. I've felt unwelcome by the people, and not even the great healthcare can convince me to stay.
▼ + stars: | 2023-06-13 | by ( Chris Weller | ) www.businessinsider.com time to read: +7 min

Stephanie Vollmer moved to Germany from South Korea about 18 months ago. I was teaching English in South Korea when I met my now-husband in 2021. In the US and South Korea, I was used to people being friendly toward visitors trying to learn the language. Coming from the US and South Korea, where same-day or next-day delivery is more common, this has been an adjustment. When I lived in South Korea, I was much closer to my dad and my stepmom, who lived in the Philippines.

Persons: Stephanie Vollmer, Vollmer, —, We're, restationed, It's, I'm, I'd, I've, Germany that's, it's Organizations: Service, Amazon Locations: Germany, South Korea, Sacramento , California, United States, German, Berlin, Frankfurt, Korea, Philippines, California

June 6 (Reuters) - It's a tense time for bitcoin investors. The capricious cryptocurrency's been uncommonly quiet over the past four weeks, bound in the range of $28,452 and $25,800. Bitcoin's volatility index is near 64, well below the 2023 peak of 116.5 touched in January, according to CryptoCompare. "Trading volatility, buying options in the absence of a price move, that's what people might do in this market." Market positioning indicates the maximum pain level for the June 2023 options expiry for bitcoin is at around $24,000, which could act as a support or resistance level, according to analysts at Bitfinex.

Persons: CryptoCompare, Noelle Acheson, Matthew Weller, Luuk Strijers, Strijers, Thomas Kralow, Medha Singh, Lisa Pauline Mattackal, Pravin Organizations: bitcoin, BULLS, Kralow, Pravin Char, Thomson, Reuters Locations: Bengaluru

As billions of dollars have flooded into Big Tech over the last six weeks, bitcoin trading volumes and demand have slumped. Since April 25, the NYSE FANG+TM index of big tech and growth stocks has surged 24%, nearly three times the broader Nasdaq. The AI boom has gathered momentum despite the rise in bond yields and discount rates. This has highlighted bitcoin's underperformance and strongly suggests that outside the rarified world of Big Tech, investors are much more discerning. Indeed, just seven U.S. tech stocks have driven all of the positive S&P 500 returns so far this year, according to analysts at Barclays.

Persons: Crypto, Matt Weller, Weller, bitcoin, Vanda, Vanda's Marco Iachini, cryptocurrencies, Jamie McGeever, Sam Holmes Organizations: Nasdaq, NYSE, Reuters, Big Tech, Microsoft, Barclays, Vanda Research, Thomson Locations: ORLANDO, Florida, U.S

☆ Bundesliga set for thrilling final day title decider
▼ + stars: | 2023-05-22 | by ( Aimee Lewis | ) edition.cnn.com time to read: +3 min

In fact, the last season Bayern didn’t win the championship was the 2011/12 campaign, when now Liverpool manager Jurgen Klopp guided Borussia Dortmund to the title. That leaves soccer fans looking to the Bundesliga for a dose of end-of-season drama with the championship set to be decided on the final day of the season. “We stopped moving, stopped helping, stopped showing courage.”Perhaps, Bayern had become complacent, suffering the shock loss despite taking a 25th-minute lead through Serge Gnabry. Former Chelsea and Dortmund manager Thomas Tuchel took over at Bayern in March. Bayern travels to 10th-placed FC Köln on the final matchday hoping for a win and a surprise Dortmund slip up in what is set to be a tense final day.

☆ New: Who Shot Judge Chuck Weller?
▼ + stars: | 2023-05-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew: Who Shot Judge Chuck Weller? We take you inside the story and investigation. Watch Blood & Money Tuesdays at 10pm ET on CNBC.

☆ Why Instagram's 'Creator Marketplace' has left many influencers twiddling their thumbs instead of scoring brand deals
▼ + stars: | 2023-04-03 | by ( Sydney Bradley | Marta Biino | ) www.businessinsider.com time to read: +9 min

"I was so excited when the creator marketplace was rolled out," content creator Melanie Demi told Insider. "Over the last couple of months, I feel like the creator marketplace has died down a little bit," Demi said. "Even on the TikTok creator marketplace, it's the same," said Joseph Arujo, who has access to the feature on both platforms. On TikTok's marketplace, creators can add their starting rates for brand deals or negotiate terms. TikTok's creator marketplace, for example, brought on "alpha partners" in 2021 such as Influential, Whalar, and Captiv8.

☆ AI 'prompt engineer' jobs can pay up to $335,000 a year and don't always require a background in tech
▼ + stars: | 2023-03-29 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +4 min

The rise in generative AI tools like ChatGPT has created a hot market for "prompt engineers." Sam Altman, the CEO of ChatGPT developer OpenAI, has spoken about the need for prompt engineers. Anna Bernstein, a prompt engineer at Copy.ai, was a freelance writer and historical research assistant before she started working with AI tools. Prompt marketplace PromptBase, which launched last June, allows people to hire prompt engineers or sell their prompts. Don't dwell too much on the current state of prompt engineering.

☆ 6 books that taught me how to be a freelancer and land clients quickly
▼ + stars: | 2023-03-26 | by ( Chris Weller | ) www.businessinsider.com time to read: +1 min

Chris Weller recently launched a new business to help thought leaders tell their stories. He read many books before starting his business and shared his six favorites. My business is to help thought leaders in business and academia write more effectively and gain recognition for their ideas — storytelling. Before I started the actual business, I knew I needed to learn more about what I was getting myself into. Three weeks into starting my business, I was already under contract for my first projects and now have a handful more lined up.

☆ This is the best place to be sitting if your plane is about to crash
▼ + stars: | 2023-02-09 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +5 min

Plane crashes are extremely rare. Data from past crashes and crash tests show that the back of the plane is probably the safest. In the rare case that a plane goes down, some research indicates that the safest place to be sitting is in a middle seat near the back of a plane. A 2015 analysis by Time magazine of the Federal Aviation Administration's aircraft accident database looked at 17 plane crashes with seat charts that could be analyzed. Middle of the plane, middle seat: 39% — about one in 2.5 passengers.

☆ The US may have lost in the World Cup, but soccer is more popular than ever in America
▼ + stars: | 2022-12-12 | by ( Harry Enten | ) edition.cnn.com time to read: +36 min

The Atlas Lions made history as the first African team to reach a World Cup semifinal. They made history as the first all-female refereeing crew for a men's World Cup match. It was Morocco's first World Cup win since 1998 — and its third-ever at the tournament. Less spoken about is that they also rate better on television than the men do in the World Cup. We’ll just have to wait and see, though with the US, Canada and Mexico hosting the 2026 World Cup, soccer isn’t going away anytime soon.

Japan is a country of more than 127 million people, but it rarely sees more than 10 gun deaths a year. Culture is one reason for the low rate, but gun control is a major one, too. Japan, a country of 127 million people and yearly gun deaths rarely totaling more than 10, is one such country. Japan is a country with regulations upon regulationsJapan's success in curbing gun deaths is intimately linked with its history. The government has since loosened the law, but the fact Japan enacted gun control from the stance of prohibition is important.

☆ Investors flock to short crypto funds, products as negative sentiment deepens -CoinShares
▼ + stars: | 2022-11-21 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +2 min

Crypto products and funds saw inflows of $44 million, as of the week ended Nov. 18, but 75% of those flows represented investments in short crypto products, data showed. The total assets under management have plunged to $22 billion, the lowest in two years, CoinShares said. FTX filed for bankruptcy protection in the United States more than a week ago in the highest-profile crypto implosion to date. CoinShares data also showed that bitcoin posted inflows of $14 million, but when offset by inflows into short investment products, the net flows were a negative $4.3 million. Investors poured in record inflows to short-Ethereum products of $14 million.

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