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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 previewMarkets underestimate inflation's likely endurance, as an array of factors keep price upside churning, JPMorgan CEO Jamie Dimon told Bloomberg TV. "I think the underlying inflation may not go away the way people expect it to," he told the outlet at the JPMorgan Global Markets Conference. AdvertisementIt's a point Dimon keeps reiterating despite market bullishness, as investors keep trading on the premise that subsiding inflation allows interest rates to eventually ease. In his annual letter to JPMorgan shareholders published last month, he expressed similarly doomy outlooks concerning inflation, interest rates and the economy's trajectory.
Persons: , Jamie Dimon, Dimon's, he's, Dimon Organizations: Service, JPMorgan, Bloomberg, JPMorgan Global Markets, Business, Bank of America's, Global Fund Locations: Bank, China, Beijing, Russia, United States
I've been working with wealthy clients for nearly 15 years, and I've noticed a few common habits. I've been advising wealthy clients for nearly 15 years, and I'm often asked for the secret sauce, or the commonalities I see in my wealthiest financial-planning clients that make them successful. My most successful clients lean on us to help them separate those emotions and make sound financial decisions. My most successful clients value receiving comprehensive financial plans specific to their goals and situations. My most successful clients value receiving comprehensive financial plans specific to their goals and situations.
Persons: I've, , I'm, that's, they've, doesn't Organizations: Service, Everest, Google, Jobs, Relief, Economic Security Locations: Policygenius
Target Circle 360 combines the benefits of the Circle membership and Circle cardTarget offers other benefits like the Target Circle membership and Circle card. Related storiesTarget Circle 360 combines all the benefits of the Circle membership and a Circle card. AdvertisementI thought the Target Circle 360 membership left much to be desiredUnfortunately, I haven't used the Target Circle 360 membership as often as I expected to. Overall, the Target Circle 360 membership wasn't for meAt the end of the day, I didn't think the Target Circle 360 membership was worth the money. AdvertisementHowever, I'm a firm believer that the free Target Circle membership is a must, even for casual Target shoppers.
Persons: , I'm, Jeff Greenberg, Paul, I've Organizations: Service, Business, Target
Despite a run of positive economic data, including strong job growth and record unemployment, the economy has been a stubborn weakness for President Biden and Democrats, particularly among Black and Latino voters. The group rolled out a similar effort with an anti-“Bidenomics” message last year, but organizers said this campaign would be much larger in scope. Although Latino voters still overall lean Democratic, former President Donald J. Trump improved his performance with the slice of voters in 2020, and in some areas like South Florida and South Texas made sizable gains. Mr. Biden, on the other hand, has stepped his up — and has been looking to sharpen his own economic message after an earlier push to reclaim the term “Bidenomics” largely fell flat. The liberal organizations have earmarked $33 million to mobilize Hispanic voters for Mr. Biden and other key Democratic races in several battleground states.
Persons: Koch, Biden’s, “ Bidenomics, Biden, , ” Jose Mallea, Donald J, Trump, , Somos, Somos Votantes, Josh Harder, Mike Levin, Gabriel Vasquez, Yadira Caraveo, NoBidenomics.com — Organizations: Libre, New York Times, Republicans, Pew Research Center, Associated Press, Somos PAC, Mr, Republican Locations: Spanish, , Michigan, Nevada, Pennsylvania, Arizona, South Florida, South Texas, Libre, Montana , Nevada , Ohio, Wisconsin, In California, New Mexico, Colorado, America
Libre, part of the political network created by the billionaire industrialist Koch brothers, on Monday will unveil a seven-figure voter engagement effort and ad campaign targeting members of Congress who have supported what it calls President Biden’s “punitive economic policies.”The campaign, one of the most expansive undertaken by the group, will include digital ads, public events at Hispanic grocery stores and restaurants and a new Spanish language website criticizing “Bidenomics,” a term that conservatives have adopted to attack Mr. Biden’s economic policies. Despite a run of positive economic data, including strong job growth and record unemployment, the economy has been a stubborn weakness for President Biden and Democrats, particularly among Black and Latino voters. Leaders at Libre, which gave The New York Times an early look at the plans, said they were focused on attracting Latinos on what they think is a winning issue for Republicans at a time when their party is seeking to increase its appeal to Hispanic voters. “Bidenomics is devastating Latino families’ savings, quality of life and their ability to plan for the future,” Jose Mallea, Libre’s chief executive, said in a statement. “To reverse this trend, it’s critical that Latino families learn what overspending and overregulating are doing to our country’s economy — and prosperity.”
Persons: Koch, Biden’s, “ Bidenomics, Biden, , ” Jose Mallea, Organizations: Libre, New York Times, Republicans Locations: Spanish
Now you can put your Botox on Affirm
  + stars: | 2024-04-24 | by ( Katie Notopoulos | ) www.businessinsider.com   time to read: +3 min
Buy now, pay later company Affirm is starting to offer loans for elective cosmetic procedures. Advertisement"Buy now, pay later" company Affirm has identified a new category for growth, according to a new report from Reuters: elective medical procedures like Botox, nose jobs, and even dental treatments. Buy now, pay later options like Klarna and Affirm have become ubiquitous at checkouts on e-commerce retail sites for some time. I know: It can be hard to sympathize with someone who's using lip filler they can't afford by putting it on Affirm. But go back to what it's actually being used for: "cosmetic treatments, dental services, medical devices, and veterinary procedures."
Persons: It's, , Klarna, Pat Suh, Affirm's, BNPL, it's Organizations: Service, Business Locations: San Francisco
Over the last two years, our family has overhauled our budget to combat inflation. Here are eight ways my family got our money situation under control. AdvertisementWith inflation still hitting bank accounts hard, our family of four — which includes two teenagers — realized it was time to start taking our household budget more seriously. Over the last two years, our family has overhauled our budget, created important financial habits, and even involved our daughters. Here are some ways we got our money situation under control.
Persons: Organizations: Service
AdvertisementI've spent a lot of money and time on Amazon Prime. And I know it's not just me — Amazon is the second biggest retailer in the world, and three out of four Americans use Amazon Prime. I like that this strategy lets me shop and get some instant gratification while also setting limits that help me cut down on unnecessary purchases I'll regret later. But, again, with my new rule, if nothing in my cart will ship within one day, it all gets taken out. This cuts many of my unnecessary purchases because most things I consider buying have standard Prime two-day shipping.
Persons: , I've, I'm, Spencer Platt, it's Organizations: Service, Amazon
Like many other enterprise companies, Symphony was locked into its cloud providers as its tech stack became increasingly entwined with and dependent on the cloud companies' tools and software. Some of that computing power and storage comes from the major cloud providers themselves, by way of consumer devices, but they can also come from a company's own private cloud, Gurle said. On Wall Street, tech execs constantly look for new ways to keep cloud costs in check. This is reaching new heights thanks to the AI craze, with the construction of data centers wreaking havoc on rural communities. Here's the pitch deck Hive used to raise $13 million.
Persons: David Gurle, Gurle Organizations: Service, Symphony, Wall Street, Amazon Web Services, Google, Business, Oracle Labs, University of California, Hive, SC Ventures, Chartered, French Locations: University of California Berkeley, America
But the $6,000 in BNPL loans she'd racked up over roughly two years felt frivolous, she said, especially because they're planning to buy their first home. Many are seeking cover from high credit card interest rates. After trimming her discretionary spending and sticking to home-cooked meals, she said she's been able to whittle down her BNPL debt to about $1,200. Klarna said it had responsible spending limits for its users, whose average outstanding balance is $150, compared to the more than $6,000 for credit card users. Baird, for her part, acknowledged BNPL services can make inflation and high interest rates feel "easier" for those who can keep their shopping impulses under control.
Persons: Tia Whiteside, Whiteside, she'd, Dyson, she's, Marcus, whittle, Ben Lourie, Lourie, aren't, I've, Amy Baird, Baird, Kevin Mahoney, Mahoney, , Afterpay, Klarna, Sen, Sherrod Brown, Raphael Warnock, John Fetterman, Brown Organizations: LexisNexis, Solutions, University of California, UC Irvine, Singapore Management University, PayPal, Consumer Financial Protection Bureau, Financial, D.C, Sens, NBC News Locations: Greenville , South Carolina, Irvine, Stanford, Dallas, Washington, Ohio
Connect all your bank accounts, investments accounts, and credit cardsCheck mark icon A check mark. HoneydueHoneydue App Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 3.75 /5 Fees Free Pros Check mark icon A check mark. Budgeting app for couplesCheck mark icon A check mark. Rocket MoneyRocket Money Get started On Rocket Money's website Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.25 /5 Fees Free to create a budget. Pros Check mark icon A check mark.
Persons: Credit Karma, you've, It's, Couples, There's, YNAB, Zeta Zeta, Zeta, you'll Organizations: Intuit, Credit, Quicken, Apple, Google, PocketGuard, Quicken Simplifi, Zeta Locations: Zeta
CNN —Sam George, the driving force behind Ghana’s harsh anti-LGBTQ legislation, portrays himself as a guardian of gay Ghanaians. Making inequality legalWhatever its origins, the bill’s passage is terrible news for LGBTQ Ghanaians. “The sentiment and emotion we are expressing right now is sadness,” said Alex Kofi Donkor, the founder of LGBT+ Rights in Ghana, an advocacy group. On one side, you have politicians like George and a broadly conservative citizenry that will publicly goad the president to act. For Ghana’s president, navigating this intricate political landscape looks set to be a daunting – and unenviable – task.
Persons: Sam George, , , It’s, ” George, George, Alex Kofi Donkor, Nana Akufo, it’s, Ghana’s Organizations: CNN, Rights, Ghana’s Ministry, Finance, Bank Financing, Monetary Fund, Bank, US State Department, Ministry of Finance Locations: Accra, Ghana, United States, Uganda, Ghanaian, “ Ghana, State
Trump's trade policies would be "recessionary" and could make inflation worse, according to Kenneth Rogoff. The Harvard economist pointed to Trump's proposed tariffs on imports, including a 60% tariff on Chinese goods. AdvertisementDonald Trump's proposed tariffs on imports would have "recessionary" effects on the US economy and could end up sending inflation higher again, according to top economist Kenneth Rogoff. Rogoff said that Trump's proposed policies and Joe Biden's Inflation Reduction Act make them both the "most protectionist" presidential candidates the US has seen in a while, Rogoff said to Bloomberg on Wednesday. That could hamper economic growth and stoke inflation, making Trump one of the biggest threats to the global economy, "Dr. Doom" economist Nouriel Roubini recently argued.
Persons: Kenneth Rogoff, , Donald Trump's, Rogoff, Trump's, Joe Biden's, Doom, Nouriel Roubini, Biden, Donald Trump, overspending Organizations: Harvard, Bloomberg, Service, International Monetary, stoke, Trump, Bank of America, Project Syndicate Locations: China, stoke, Washington, Japan
According to financial coach Hillary Seiler, you still need to spend less than you earn, even if that requires adjusting your budget. To make it from paycheck to paycheck, many are finding themselves spending more money and carrying credit card debt. "People never want to hear this one piece of advice, but it's important to spend less than you earn in any economic environment, but especially now." AdvertisementHere are three ways to start spending less than you earn:1. Review and adjust your spending habitsLook at how you spend your money. "You can earn more interest on your money now, and that will help it grow much quicker."
Persons: Hillary Seiler, Hilary Seiler, Seiler, doesn't Organizations: Business
Karan Kapoor | The Image Bank | Getty ImagesHaving a strong budget can help you build financial wellness. "A budget is a picture of what your money is doing," Tiffany Aliche, also known as The Budgetnista, told CNBC during a Women & Wealth livestream. You have to understand what your money is doing," said Aliche, a personal financial educator and author of "Get Good with Money." Make a list of expenses: The first thing to do is write a list of all the things you spend money on within a given month, said Aliche. It can also help to list out expenses you don't pay every month, such as annual memberships or quarterly taxes.
Persons: Karan Kapoor, Tiffany Aliche, Sophia Bera Daigle, who's Organizations: Bank, Getty, CNBC, Wealth, Gen, CNBC Financial Locations: Austin , Texas
The ad buyers said they did not know what caused Meta's glitch. And there's no guarantee ad buyers will ever get the full amount they've lost. Advertisers continue to battle Meta glitchesThe overspending glitch is the latest in many issues advertisers have had with Meta's ad tools breaking. He estimated that he spends five to 10 hours a month per client working on Meta glitches. "If I look at where we spend most of our money across four platforms — which is Google, Microsoft, Amazon, and Meta — Meta would be the one who's the most dysfunctional," he said.
Persons: , Tom Brown, CPMs, Brown, Andrew Faris, Milo McMahon, Faris, I'm, Duane Brown, McMahon, AJF Growth's Faris Organizations: Service, Business, Meta, BRND Labs, Outdoor, Google, Microsoft
Just weeks after Amazon cut hundreds of jobs across its Prime Video and MGM Studios divisions, the advertisements officially arrived on Prime Video on Jan. 29. This gives Amazon first-hand customer data from Prime members it can leverage for advertisers who want to show ads during Prime Video shows. "While still early days, streaming TV advertising continues to grow quickly," Jassy said on the fourth-quarter earnings call. Additionally, the potential audience for Prime Video is huge – the company has said it has more than 200 million Prime subscribers. Prime Video keeps putting out new movies and shows like the popular "Lord of the Rings", "Reacher", "Mr. & Mrs. Smith", and "Citadel".
Persons: There's, Andy Jassy, , Jassy, Brian Olsavsky, Cowen, TD Cowen, Canaves, Smith, Peacock, Jim Cramer's, Jim Cramer, Jim Organizations: MGM Studios, Netflix, Disney, Amazon, Amazon Web Services, Walmart, Kroger, Insider Intelligence, Prime, Paramount Global, Walmart –, TV, U.S, Intelligence, National Football League, Football, Nielsen, QR, NFL, Comcast, Miami Dolphins, Kansas City Chiefs, Chiefs, San Francisco 49ers, Super, Paramount, CNBC
A British accountant became a millionaire overnight after he and his wife won around £61 million ($78 million). The press release said that he would work until the end of the UK tax year, on April 5. Debbie Nuttall handed in her notice for her job as a civil engineer after finding out about the win, the press release said. AdvertisementRichard's decision to stay in work to wrap things up is a change when looking at lottery winners of the past. Emily Irwin, a financial advisor to lottery winners, previously told BI that winners have the best chance at protecting their winnings by forming a team of advisors and avoiding overspending.
Persons: , wouldn't, Richard Nuttall, Debbie, Nuttall, Debbie Nuttall, Richard, Ben King, Emily Irwin, Irwin Organizations: Service, National Lottery, Daily Mail, Sky News, BMW Locations: British, Canary, Portugal
It would be nice to have a larger apartment, but a larger place would come at a much greater cost. I went from paying a couple hundred dollars a month in rent to around $1,500 to live in the living room of a one-bedroom apartment in Manhattan. We live in a small apartment that’s in our budgetMy husband and I have lived in the same one-bedroom apartment in Williamsburg, Brooklyn since 2019. The apartment is under 600 square feet, and the rent is around $3,400 a month. We’d only be able to afford that rent if we cut back in other areas.
Persons: , Zumper, nannies, I’ve, We’ve, We’ll Organizations: Service, Day Care, New Locations: New York City, Florida, Manhattan, Williamsburg , Brooklyn, It’s, New York
The statement balance is the total amount you owed on your credit card at the end of the last credit card billing cycle. Deciding whether to pay the statement balance or the current balance depends on your financial goals and situation. Yes, paying off your current balance can affect your credit score and lower your credit utilization ratio, which is beneficial for your credit score. Why is my current balance higher than my statement balance? Is it better to pay the statement balance or current balance to avoid interest?
Chinese zodiac fortune predictions for 2024
  + stars: | 2024-02-09 | by ( Maggie Hiufu Wong | ) edition.cnn.com   time to read: +19 min
Natalie Leung/CNN, Adobe StockMonkeys are going to have a relatively stable year. Natalie Leung/CNN, Adobe Stock“This year, you may have to work a bit harder and work longer hours than usual. Natalie Leung/CNN, Adobe Stock“It isn’t the worst year but there are going to be some challenges. Natalie Leung/CNN, Adobe Stock“According to ancient Chinese philosophy, Tigers and Dragons have a complicated relationship. Natalie Leung/CNN, Adobe StockAll you Rabbits can give yourself a pat on the back.
Persons: Hong Kong CNN —, There’s, , Chen, , Thierry Chow, CNN Chow, floristry, “ It’s, Chow, Xuan, Duke, Jupiter, Stringer, VCG, Zhang Yu, Ulet Ifansasti, Johanes, NurPhoto, Zhang Cheng, Wu Wenjun, Axel Miranda, Tai Sui –, Tai Sui, Natalie Leung, Ben Ming Nian, “ Let’s, Ben Ming, “ You’ll, Ma Xing, , it’s, It’s, there’s, ” Chow, Xing Tai Sui Organizations: Hong Kong CNN, CNN, Shui, China News Service, Spring, Reuters Workers, Adobe, Adobe Stock, Adobe Stock People, , Roosters, Tiger Tigers, Dragons, Tigers Locations: Hong Kong, Asia, Xuan Kong, Xi'an, Shaanxi Province, China, Beijing, Solo City, Indonesia, Dharmayana, Bali , Indonesia, Guangzhou, China's, Guangdong Province, Barcelona, Spain, Nanchang, Jiangxi Province
Throughout her come-up, though, Dunlap says some of the things she chose to spend money on were fairly consistent — even if she could have saved more by cutting back. "It means that my spending is reflecting my values and my hard-earned money is going to the things that I actually love." Fellow self-made millionaire and bestselling author Ramit Sethi calls it the "money dial" approach. It allows him to "spend extravagantly on the things I love, but cut way back mercilessly on the things I don't," he told CNBC Make It last year. "If I tell you, 'never spend money, never step foot in a restaurant,' that doesn't work, that's not sustainable, and frankly, it's not fun," she says.
Persons: Tori Dunlap, hasn't, Dunlap, TJ Maxx, She's, Ramit Sethi Organizations: New York Times, CNBC
A number of stories emerged recently explaining the rise of a new viral money trend on TikTok: loud budgeting. And as long as you do it right, loud budgeting shouldn't ruffle feathers in your social circles either, says Diane Gottsman, an etiquette expert and founder of the Protocol School of Texas. "Loud budgeting is just another way of saying open communication," she says. Why loud budgeting is healthy financial psychologyGood money management requires two types of literacy, Portnoy says. The etiquette of loud budgeting: Be positive, but don't overshare
Persons: TikToker Lucas, I've, Buzzfeed, Brian Portnoy, Diane Gottsman, Portnoy, you've Organizations: Protocol, of Texas
But in 2024, there's a new idea taking hold that overtly rejects the urge to overspend and promotes speaking up about saving money — welcome to the era of "loud budgeting." What is loud budgeting? TikTok's loud budgeting trend encourages consumers to take control of their finances and be vocal about making money-conscious decisions, rather than modeling purchase decisions after celebrities and their bottomless pockets — and financial experts love it. In that way, loud budgeting is "it's almost more chic, more stylish, more of a flex." How to jump on the loud budgeting trend
Persons: there's, Joe, Lukas Battle's, Erica Sandberg, Sandberg, SoFi, Allison Bornstein, bougie, isn't, Yuval Shuminer, Shuminer Organizations: Facebook, Finance Locations: Europe
It's called "loud budgeting." He wasn't explicit about his definition of "loud budgeting," but suggested it involved being vocal with your friends about choosing to live frugally. Battle said on TikTok that loud budgeting was the opposite of "quiet luxury," which blew up in 2023 after also being popular during the Great Recession. AdvertisementBattle said in one of his TikToks that he thought "loud budgeting" was "more chic" and impressive than "quiet luxury," later adding that while quiet luxury is about "idolizing celebrities," who are often associated with the trend, "loud budgeting is about the everyday person." Now, it seems "loud budgeting" may go a step further, redefining success and coolness to mean saving your money, rather than spending it.
Persons: , It's, Lukas Battle, I've, one's frugality, Libby Brooks, Yuval Shuminer, isn't Organizations: Service, Business, BI Locations: TikTok
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