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☆ Moving Away From a Big City Can Seriously Damage Your Career
▼ + stars: | 2024-04-15 | by ( Aki Ito | ) www.businessinsider.com time to read: +8 min

Moving away from a major city, Moretti found, can be terrible for your career. The market for WFH jobs has cratered, putting everyone who moved away from big cities at risk. Those who moved away from big cities effectively gave up their career insurance. In a big city, you also run into people who work for other companies in your industry — on the bus, at the bar, in line at the deli. "The benefits of being a big city," Moretti tells me, "have been underappreciated" during the pandemic.

Persons: I've, —, We've, Enrico Moretti, Moretti, Des Moines, they'll, they're overqualified, That's, Madison Hoff, Aki Ito Organizations: Franciscan, Census, University of California, Business Locations: New York, Los Angeles, San Francisco, Seattle, America's, Berkeley, Paris, Des, Iowa, California, Sacramento, Bay

☆ I'm a widow who sold everything to move from Texas to Lake Como. I decided long ago that I wouldn't let fear dictate my life.
▼ + stars: | 2024-01-23 | by ( Mark Ellwood | ) www.businessinsider.com time to read: +6 min

AdvertisementThis as-told-to essay is based on a conversation with Judy Walling, a 68-year-old retired real-estate agent living in Italy. I'm a retired widow with no children, but I decided long ago that I wouldn't miss out on anything just because I don't have a partner. I booked another group trip to Italy and then bought a Eurail passWalling. I took a group trip to Italy in August 2019 with 10 people and took side trips to get my feet wet. After the group trip, I took my pass and traveled all over Italy.

Persons: Judy Walling, —, Bill Walling, I'm, Walling, it's, Julia Roberts, Ugh, I've Organizations: Service, Kansas City, Lake Locations: Italy, Como, Iowa, Kansas, Florida, Santa Fe , New Mexico, Europe, France, Austin, Munich, Svinná, Czech Republic, Bellagio, Lake Como, Texas, Costa Rica, Missouri

☆ My Kia got stolen thanks to a TikTok trend. Here's what I wish I had known before buying this car.
▼ + stars: | 2024-01-20 | by ( Morgan Goldwich | ) www.businessinsider.com time to read: +5 min

Morgan Goldwich had her 2015 Kia Optima stolen at the end of 2023. Not your average car theftA viral TikTok dubbed the " Kia Challenge " surfaced in 2021, showing how to hijack vulnerable cars with just a USB cord. Kia and Hyundai models manufactured within a specific period — between 2011 to 2021 for Kias and 2015 to 2021 for Hyundais — lack electronic immobilizers. Insurance companies have taken noteDespite my good fortune in finding my car (if you consider having to pay a $1,000 deductible for damages lucky), I'm now faced with the hurdle of dealing with car insurance . When I was first searching for insurance, before my car got stolen, Progressive denied me on this same basis.

Persons: Morgan Goldwich, Kia Optima, —, I'd, it's, TikTok's, Kias, I'm Organizations: Service, TikTok, Kia Boys, Kia, Hyundai, Insurance, State Locations: Kias, Colorado, Hyundais, Colorado Springs

☆ US homebuyers are waiting for the Fed to start cutting interest rates. Here's when 10 experts say it's going to happen.
▼ + stars: | 2023-11-24 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Mortgage rates could decline if the Federal Reserve cuts interest rates next year. Here are 10 projections from experts on when the Fed's first rate cut will come. While these factors serve as deterrents for prospective buyers, interest rates may not stay this high forever. AdvertisementWhile declining interest rates wouldn't directly cause mortgage rates to fall, the two tend to move in the same direction. FebruaryIn August, Preston Caldwell, a Morningstar senior US economist, wrote in a note that he expected the Fed to start cutting interest rates in February.

Persons: —, Preston Caldwell, Arend Kapteyn, Bhanu Baweja, David Einhorn, Diane Swonk, Andrew Hollenhorst, Goldman Sachs, David Mericle, we'll, Simona Mocuta, Jeff Morton Organizations: Federal Reserve, Service, Federal, Morningstar, UBS, KPMG, Citi, Reuters, State Street Global Advisors, DWS Locations: North America's

☆ The billionaire who popularized duty-free shops and gave away his wealth liked to live frugally, from flying economy to driving a used Volvo
▼ + stars: | 2023-10-12 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +4 min

Duty-free shops innovator Chuck Feeney died this week at the age of 92. AdvertisementAdvertisementIrish-American billionaire Chuck Feeney died this week at the age of 92. According to Irish journalist Conor O'Clery's biography of Feeney, "The Billionaire Who Wasn't: How Chuck Feeney Secretly Made and Gave Away a Fortune," Feeney was uncomfortable with his wealth even earlier on in his career. Chuck Feeney lived modestly, preferring rented apartments over mansions. Chuck Feeney is a good hero to have."

Persons: Chuck Feeney, —, Feeney, Conor O'Clery's, Chuck Feeney Secretly, Carnegie Corporation Feeney, O'Clery, Helga, didn't, — they'd, Forbes, Bill Gates, Warren Buffett, frugality — Feeney, Buffett, frugally Organizations: Service, Duty, Shoppers, Facebook, Carnegie Corporation, Timex, Volvo, Gates Locations: American, New Jersey, San Francisco

☆ US homebuyers are waiting for the Fed to start cutting interest rates. Here's when 9 experts say it's going to happen.
▼ + stars: | 2023-09-18 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Mortgage rates could decline if the Federal Reserve cuts interest rates next year. Here are nine projections from experts on when the Fed's first rate cut will come. While these factors serve as deterrents for prospective buyers, interest rates may not stay this high forever. AdvertisementAdvertisementWhile declining interest rates wouldn't directly cause mortgage rates to fall, the two tend to move in the same direction. AdvertisementAdvertisementFebruaryOn August 31, Preston Caldwell, a Morningstar senior US economist, wrote in a note that he expected the Fed to start cutting interest rates in February.

Persons: Bob Michele, J.P, —, we'll, Preston Caldwell, David Einhorn, Diane Swonk, Andrew Hollenhorst, Goldman Sachs, David Mericle, Simona Mocuta, Jeff Morton Organizations: Federal Reserve, Service, Federal, Bloomberg Television, Morgan Asset, Morningstar, KPMG, Citi, Reuters, State Street Global Advisors, DWS Locations: Wall, Silicon, North America's

☆ What Supreme Court ruling against Biden's student loan forgiveness plan could mean for the U.S. economy
▼ + stars: | 2023-06-30 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Seksan Mongkhonkhamsao | Moment | Getty ImagesThe Supreme Court struck down the Biden administration's student loan forgiveness plan Friday. "The Supreme Court decision to strike down loan forgiveness should have no meaningful impact on the economy," said Mark Zandi, chief economist of Moody's Analytics. The fight against inflation gets a boostIt's challenging to judge the economic effect of a sweeping policy such as student loan forgiveness. However, the resumption of monthly student loan payments in October, after a three-year pause, will likely have a bigger effect. That said, there are student loan policies that have already been enacted by the Biden administration that will likely help borrowers affected by Friday's Supreme Court ruling, economists said.

Persons: Seksan, —, Mark Zandi, Shai Akabas, Zandi, Tim Quinlan, Quinlan, Biden Organizations: Biden, Moody's, Finance, Supreme, Reserve, Center, Wells, Wells Fargo Economics, Friday's Locations: U.S, Wells Fargo

☆ Hustle culture isn't dead, it just got a Gen Z rebrand: 'People want time to live their lives'
▼ + stars: | 2023-06-28 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +6 min

The oldest members of Gen Z are just a few years into being part of the workforce, and they're already being stereotyped as lazy. Hustle culture isn't dead — it's just getting a Gen Z rebrand. When I think of my peers and Gen Z, I don't hear anyone talk about corporate success or climbing the corporate ladder. Jade WaltersWalters, like many of her peers, has a side hustle: The Ninth Semester, a Gen Z career resource. As Gen Zers gain ground in the labor force, it's likely those values will flow through other generations of workers, too.

Persons: Gen, they've, Gen Zers, — it's, Zers, Jade Walters, it's, Jade Walters Walters, Martha Bird, Walters, Covid, Bird, DeAndre Brown, Brown, Hustling Organizations: ADP Locations: Chicago, Los Angeles

☆ Uber drivers say loud friends, leaving crumbs on seats, and loading the car with bags might be why I don't have a perfect 5-star rider rating
▼ + stars: | 2023-03-30 | by ( Kate Duffy | ) www.businessinsider.com time to read: +5 min

Four Uber drivers revealed why some passengers have lower ratings than they expected. Loading cars with bags and making drivers wait could also bring ratings down. An Uber driver previously told Insider that people with ratings of between about 4.7 and 4.79 were decent riders, but had "questionable history." Uber drivers have to wait two minutes until they start receiving payment for a ride. Uber introduced the in-app tipping feature in July 2017, allowing passengers to tip drivers after each trip.

☆ A 37-year-old nonprofit exec can afford homeownership in the Bay Area only because she lives in an ADU in her mom's backyard
▼ + stars: | 2023-02-05 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +5 min

Katie Sandoval Clark said the arrangement has helped her family "pursue what we really want to do." So Sandoval Clark came up with a plan. Sandoval Clark told Insider. Sandoval Clark with members of her family in front of her home, a 1,200-square-foot accessory dwelling unit. Sandoval Clark said her home has high ceilings and gets a lot of light.

☆ Despite big layoffs, it’s still a great time to work in tech, experts say: ‘I’ve seen bad job markets…this is not it’
▼ + stars: | 2023-02-03 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

Mathur is one of the more than 70,000 employees at U.S.-based tech companies that have lost their jobs in mass job cuts over the past 12 months. However, despite the recent barrage of pink slips, experts say it's still a great time to be a technology worker. Nearly 80% of laid-off tech workers found new roles within three months of beginning their job search, according to a November 2022 ZipRecruiter survey. Elliott has noticed increased interest in smaller companies among the tech professionals he coaches following the latest round of layoffs. "Tech workers are changing the parameters around their job search," he says.

☆ How 'Real Housewife' Jen Shah's fabulous life came crashing down
▼ + stars: | 2023-01-06 | by ( Stephanie Clifford | ) www.businessinsider.com time to read: +43 min

The woman wrote to the judge overseeing Shah's case that she'd had to remortgage her house, almost divorced, and "thought about ending my own life." The couple decided that he should get his degree while Jen Shah dropped out of college to work. (Shah told a judge at her 2022 plea hearing that she had been treated for "alcohol and depression" two years prior. Koa Johnson, Jen Shah's former fashion designerWhen Sharrieff Shah did participate in filming, he quickly became a fan favorite, calm and sensible. Once the show aired and Jen Shah developed a fan base, her behavior became more dramatic, Johnson said.

☆ The 'bummer' of the $7,500 electric vehicle tax credit: Its full value may be hard to get
▼ + stars: | 2022-10-15 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

But it may be tough for consumers to get the full value of the tax credit — at least initially. The tax credit 'bummer': It's nonrefundableThe legislation, called the Inflation Reduction Act, made the tax credit "nonrefundable." This person wouldn't get the full $7,500 tax credit — they'd be able to claim $5,000 and cut their tax bill to zero. More from Personal Finance:Missed a tax credit from last year? It's unclear which electric vehicles will meet these standards and qualify for a tax credit next year.

☆ $15 billion delivery startup Gopuff tried to rip out a page from Amazon's playbook by poaching its managers. Insiders say a newfound metrics obsession 'destroyed' its operations.
▼ + stars: | 2022-09-06 | by ( Tom Dotan | ) www.businessinsider.com time to read: +11 min

Gopuff warehouse managers knew times had changed the moment their corporate bosses started needling them about employee bathroom breaks. These kinds of questions have become a regular occurrence, according to seven current and former Gopuff employees. Insider talked to a dozen current and former Gopuff employees at both corporate and regional levels. At that meeting, he said he wanted to level up the talent of the company's warehouse managers, two former employees said. Another former Gopuff manager said the company's Amazon hires seemed to take little interest in learning how Gopuff had been doing things previously.

☆ America's Overachievers Are Finally Leaning Back
▼ + stars: | 2022-03-02 | by ( Aki Ito | ) www.businessinsider.com time to read: +13 min

Today, Justin is working the least he ever has: 40 hours a week. But what these executives are missing is that some employees don't want to pal around with their coworkers. In peak hustle culture, work was where we expected to find everything we needed to live the good life: joy, purpose, community. Then he started billing for 40 hours a week of labor that often took him only a few hours to complete. But after nine months of leaning back, a solid 40 hours is starting to look pretty attractive.

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