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☆ 39-year-old who makes $9,300/mo in passive income: My No. 1 piece of side hustle money advice
▼ + stars: | 2024-05-01 | by ( Jannese Torres | ) www.cnbc.com time to read: +6 min

Today, at 39, I have seven income streams, including affiliate marketing, blog and podcast ads, speaking engagements, digital courses, AirBnB rental income and brand partnerships. I used to use basic spreadsheets to reconcile my side hustle income and expenses, and I usually only did this at year's end, so I had little idea what was happening throughout the year. Setting up your business finances involves several important steps to ensure that you can effectively manage your income, expenses and overall financial health. Cash accounting records transactions when money actually changes hands, while accrual accounting records them when they occur, regardless of when payment is received. Sign up for CNBC's new online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories.

Persons: Dinero, Jannese Torres Organizations: CNBC Locations: Puerto Rican

☆ Ahead of Election, Pakistan Seals Plan to Sell National Airline
▼ + stars: | 2024-02-01 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +8 min

"Our job is 98% done," Privatisation Minister Fawad Hasan Fawad told Reuters when asked about the plan to sell the airline. Details of the privatisation process have not been previously reported. PIA had liabilities of 785 billion Pakistani rupees ($2.81 billion) and accumulated losses of 713 billion rupees as of June last year. Its CEO has said losses in 2023 were likely to be 112 billion rupees. PIA spokesman Abdullah Hafeez Khan said the airline was assisting the privatisation process, extending "full cooperation" to the transaction adviser.

Persons: Asif Shahzad, Fawad Hasan Fawad, Fawad, Ernst & Young, Shamshad Akhtar, Abdullah Hafeez Khan, Nawaz, Nawaz Sharif, Imran Khan, Sharif's, Ishaq Dar, EASA, Brendan Sobie, Gibran Peshimam, Raju Gopalakrishnan Organizations: Pakistan International Airlines, International Monetary Fund, PIA, IMF, Reuters, Caretaker, Ernst &, Ernst, FAST, Pakistan Muslim League, European Union Aviation Safety Agency, Heathrow, Manchester, Birmingham, Kuwaiti Locations: Asif Shahzad ISLAMABAD, Pakistan, Czech, Hungarian, Karachi, Europe, Kuala Lumpur, Toronto, Singapore, East, North America, Paris, New York

☆ Mom and pop shops are cutting software spending, creating jitters on Wall Street
▼ + stars: | 2023-11-16 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +9 min

Joe Coffee founders Nick and Brenden Martin Joe CoffeeWall Street is on edge. Over the past two decades, small businesses have accounted for 40% of U.S. gross domestic product, according to the Chamber of Commerce. "If America is really built on the backbone of small business owners, why are they the ones that never catch the break?" In 2021, Joe Coffee, which now has 17 employees, created a full software and payments suite for coffee shops. WATCH: Xero will remain focused on core segments such as small businesses

Persons: PAYC ZI, Nick Martin, Joe Coffee, Martin, Joe Coffee's, aren't, Bill, Nick, Brenden Martin Joe Coffee, John Rettig, Cameron Hyzer, Yamini Rangan, Rangan, Bill didn't, Jake Dollarhide, Martins, Brenden Martin, Nick's, Brenden, Zhang Peng, they'd, Taylor McGinnis, ZoomInfo, we've, Bryan Keane Organizations: Starbucks, CNBC, Bill Holdings, Bureau of Labor Statistics, Joe, Nasdaq, Chamber of Commerce, Longbow Asset Management, Microsoft, Coffee Fest, UBS, Deutsche Bank Locations: Seattle, Paycom, West Richland , Washington, Coffee, Los Angeles

☆ Prices tumble for cobalt used for electric vehicle batteries
▼ + stars: | 2023-09-25 | by ( Pratima Desai | ) www.reuters.com time to read: +2 min

REUTERS/Vincent West Acquire Licensing RightsLONDON, Sept 25 (Reuters) - Prices of the cobalt hydroxide used to make chemicals for electric vehicle batteries have plummeted due to an upsurge of supplies from top producer Democratic Republic of Congo. Cobalt hydroxide is produced in Congo, where it is a byproduct of copper. According to Benchmark Mineral Intelligence (BMI), payables in August dropped to 46% of the cobalt metal price compared with around 90% in late 2021 and early 2022 when cobalt metal traded around $60,000 a metric ton. "These developments pose long-term challenges to cobalt demand," analysts at Morgan Stanley said in a note. "We see cobalt prices remaining under pressure as supply growth and CMOC destocking come through."

Persons: Vincent West, Roman Aubry, Tenke, Morgan Stanley, destocking, Pratima Desai, Bernadette Baum Organizations: REUTERS, Democratic, Benchmark Mineral Intelligence, BMI, China's CMOC, Thomson Locations: Bilbao, Spain, Democratic Republic of Congo, Congo, payables, Indonesia, DRC

☆ Embedded finance, FinOps, and treasury management are grabbing VC attention right now despite a collapse in fintech funding, investors say
▼ + stars: | 2023-08-29 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +6 min

Global VC fintech funding has been cut in half to $23 billion so far this year, per S&P data. Fintech startups focused on solving business issues have remained somewhat resilient. Globally venture capital funding to fintech companies dropped 49% year-on-year to $23 billion in the first half of 2023, according to S&P data. Within that, investment in consumer-facing fintech startups, such as banking and trading apps, has endured an even more torrid year, sliding by 73.8% to $1.9 billion in Q2. Insider spoke to four fintech investors who identified the areas within B2B fintech that are capturing their attention right now.

Persons: Khalil Hefaf, fintech, Hefaf, Uber, Banks, Alix Brunet, Europe's, Weavr, Griffin cofounders Allen Rohner, David Jarvis Griffin, Dan Chaplin, Kaushik Subramanian, Payrails cofounders Emre Talay, Orkhan Abudullayev, Nicolas Thouzeau Payrails, Chaplin Organizations: Target, Mass Mutual Ventures, Griffin, Dawn Capital, Treasury, Payrails, EQT Ventures, London, UBS Locations: Europe, digitize, London, Germany, Payrails

The service will compete with private sector real-time payments systems, including The Clearing House's RTP network, and was initially opposed by big banks who said it was redundant. Unlike peer-to-peer payments services like Venmo or PayPal, which act as intermediaries between banks, payments made via FedNow will settle directly in central bank accounts. The Fed also operates a real-time payments system called FedWire, but that's reserved for large-scale, mostly corporate payments and is only operational during business hours. While the new FedNow system is for everyone, it's likely to benefit consumers and small businesses the most, analysts have said. But Fed officials have downplayed those concerns, arguing that banks have tools available to mitigate a wave of outflows.

Persons: JPMorgan Chase, FedNow, Anu Somani, it's, ”, Carl Slabicki, Lance Noggle, Hannah Lang, Michelle Price, Andrea Ricci Organizations: U.S . Federal, European Union, JPMorgan, Bank of New York Mellon, US Bancorp, RTP, U.S . Bank, PayPal, Fed, Mellon’s Treasury Services, “, Independent Community Bankers of, Thomson Locations: United Kingdom, India, Brazil, FedNow, Independent Community Bankers of America, Silicon, Washington

☆ Evergrande Property Services works to ensure working capital until mid-2024
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +2 min

June 5 (Reuters) - Evergrande Property Services Group Ltd (6666.HK) said on Monday it would have sufficient working capital to meet its financial obligations up to mid-2024 through various measures aimed at boosting liquidity. These include talks with embattled parent China Evergrande Group (3333.HK) on repaying 13.4 billion yuan ($1.89 billion) involved in a pledge, streamlining operating costs, and negotiating with suppliers to extend payables, it said. The 2022 net profit was still 46.4% lower than the figure for 2020, the year before its parent slipped into a debt crisis. The firm had total liabilities of 8.7 billion yuan last year, compared to 10.1 billion in 2021 and 7.1 billion in 2020. ($1=7.1069 Chinese yuan renminbi)Reporting by Upasana Singh and Clare Jim; Editing by Shounak Dasgupta and Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

Persons: Evergrande, Upasana Singh, Clare Jim, Shounak Dasgupta, Clarence Fernandez Organizations: Evergrande, Group, HK, China Evergrande, Thomson

☆ Explainer: What's next for China Evergrande after restructuring proposal?
▼ + stars: | 2023-04-27 | by ( Clare Jim | ) www.reuters.com time to read: +5 min

HONG KONG, April 27 (Reuters) - China Evergrande Group (3333.HK) will get a signal on Thursday of the level of creditor backing for its offshore debt restructuring proposal, with investors to be given an incentive for early support. While some major creditors have already agreed to support the restructuring proposal, others are eager to cut ties with the debt-laden property developer and move on. WHAT DOES THE OFFSHORE DEBT RESTRUCTURING PROPOSAL OFFER? The equity-linked instruments will be backed by the group and its two Hong Kong-listed companies, Evergrande Property Services Group (6666.HK) and Evergrande New Energy Vehicle Group (0708.HK). Evergrande established a risk-management committee in December 2021 that included officials from state companies to assist in its debt and asset restructuring.

☆ Major analysts are cautious on Tesla, say EV leader may be going too far with price cuts
▼ + stars: | 2023-04-20 | by ( Brian Evans | ) www.cnbc.com time to read: +6 min

But the focus of analysts were the price cuts and how far the company will go to juice demand. That said, this is balanced by concerns of increased EV competition, further price cuts, and macro challenges. Evercore ISI, In Line rating, $165 price target: "Gross margin red line of "20%" breached (Q2 will be lower)." Bernstein, Underperform rating, $150 price target: "Importantly, despite significant price cuts, demand still appears challenged for Tesla and price elasticity appears to be more muted than Tesla believed. Citigroup, Neutral rating, $175 price target (Down from $192): "The Q1 margin miss confirms that price cuts weren't offset to the extent previously expected.

☆ JPMorgan upgrades this under-the-radar Latin American airline, says it can rally 50%
▼ + stars: | 2023-01-13 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Copa 's stock could rally as air travel continues to rebound and industry-wide headwinds ease, according to JPMorgan. Analyst Guilherme Mendes upgraded the Latin American airline's stock to overweight from neutral. Mendes said Copa is attractive given its financials, specifically its debt-to-EBITDA ratio and liquidity. To be sure, Mendes noted factors like increased competition, weaker air travel recover than expected and re-elevated fuel prices could impact the stock's performance. Within the broader air travel sector, the analyst pointed to capacity increases and a 30% drop in jet fuel prices since October as evidence of an improving environment.

LONDON, Nov 17 (Reuters) - London Metal Exchange (LME) nickel trading has turned wild again this week. LME and ShFE nickel contracts price and volumeVOLATILITY TRAPThe fund exodus after March has left a liquidity vacuum and a self-reinforcing volatility trap in the nickel market. ("A financially constrained physical market", April 3, 2022)LME nickel trading volumes have fallen steeply since March. Year-to-date nickel volumes are 24% below last year's equivalent period, the scale of decline flattered by strong trading activity in January and February. But until inventory and volumes rebuild, time-spread turbulence and perma-backwardation are becoming the new normal in the Shanghai market.

☆ How to transform your business's payables and receivables to keep up with customer demand
▼ + stars: | 2022-11-11 | by ( Sponsor Post | Created Citizens With Insider Studios | ) www.businessinsider.com time to read: +7 min

By Matt Richardson, head of treasury product solutions, CitizensFueled by greater connectivity and faster transactions, the digital transformation of the payables and receivables landscape continues to reshape the outlook for treasury management. We've seen many companies embrace faster and easier payments systems. This is set to launch by 2023 and will extend access to real-time payments to more financial institutions and customers nationwide. The dominant force in this area will be cloud-based, intelligent payables and receivables platforms like Citizens' integrated payables solution powered by Paymode-X. Relatedly, payment messaging will be an essential area to keep track of as new digital payment options are becoming increasingly sophisticated and data-intensive.

☆ Here are all five parts of our series on how to analyze an earnings report
▼ + stars: | 2022-10-15 | by ( Jim Cramer | ) www.cnbc.com time to read: +85 min

Operating income Once we remove operating expenses from gross margin dollars , we are left with what is known as operating income. This is especially important from a cash flow perspective as many companies define free cash flow (a non-GAAP metric) as "operating cash flow less expenditures on property, plant and equipment." Part 3: Cash flow analysis The cash flow statement is the middle child in a financial report — it gets overlooked. Investors may look to use operating cash flow or free cash flow for this equation. AMC's cash flow Let's finish by taking a look at the cash flow statement.

Indonesian nickel production by mine and productPOWERING UPIndonesia's nickel boom reflects both the country's rich mineral resources and the government's drive to push miners down the value-add processing chain. China's imports of nickel by product 2020-2022PRICING DOWNThis Indonesian supply surge was widely expected, but its exact timing was fuzzy given the number of new processing routes being used to convert ore to battery nickel. The combination of European demand shock, Indonesian production burst and the closing of the processing gap between stainless and battery nickel means there "is close to 30% downside for the nickel price into year-end". This mismatch of market-place and market is one of the reasons the LME nickel contract melted down in March. Macquarie Bank now provides three different nickel price forecasts for LME refined metal, Chinese nickel pig iron and Chinese nickel sulphate.

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