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☆ Chinese companies are setting up shop anywhere but China — and the US
▼ + stars: | 2024-06-03 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

Chinese companies like social media giant TikTok and IT giant Lenovo are already globally competitive behemoths with compelling products. Admittedly, it's not a new move for Chinese companies to invest outside of China. Related storiesThis means Chinese companies will set up facilities overseas under their own brand or subsidiaries. In 2022, the German government blocked Chinese companies from taking stakes in two German chip companies, citing national security concerns and concerns over technology transfer. But even in today's complex geopolitical environment, Chinese companies are expected to continue venturing away from home, per EY.

Persons: —, Chris Pereira, it's, It's, Pereira, Loletta Chow Organizations: Service, Lenovo, Chery, Business, Intelligence, EV, US, EY, EY China Overseas Investment Network, & $ Locations: China, New York, Asia, New York City, Swiss, Southeast Asia, Europe, Africa, America, Qatar, Spain, Norway, EY China

☆ I have 5 income streams and make $142,000/mo from Amazon alone: Top 3 side hustle mistakes I always tell others to avoid
▼ + stars: | 2024-04-17 | by ( Dr. Jenny Woo | ) www.cnbc.com time to read: +4 min

This side hustle saw me through the next five years while I completed my Ph.D. When I started, I didn't know much about running a business, but today, I have five income streams. I bring in $142,000 a month from the Amazon business alone. Don't overcomplicate your productWhen I started my side hustle, I had major imposter syndrome. So before you begin any side hustle, ask yourself two key questions: What is the fundamental need that my product or service fulfills?

Persons: I've, hustlers Organizations: University of California Locations: University of California Irvine

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Persons: you'll, APRs, Cash, you've, You've, Cardholders, cardholders, They'll Organizations: Business Insider, U.S . Bank Business, Cash, Mastercard, Bank of America, Cards, Bank Business, American Express, Bank, of America, Rewards, EV, Ink, FDIC, Express, U.S . Bank, Business, U.S, Chase, . Bank, Chevron Locations: Chevron

☆ Tiny home sensation Boxabl welcomes investors in as its founders plan to cash out $10 million
▼ + stars: | 2024-02-28 | by ( Daniel Geiger | Alex Nicoll | ) www.businessinsider.com time to read: +5 min

As the company has sought a financial lifeline by inviting more investors in, its cofounders are cashing out. The Tiramanis together previously sold off about $10 million of their shares in a 2022 fundraising round and have awarded themselves annual salaries of close to a million dollars each. "Maybe they're afraid that if they don't sell shares now they will walk away with nothing." A spigot of cash running dryBoxabl is seeking to raise $64 million in the share offering, an additional $10 million for the Tirmanis, and $1 million for other insiders at the company. AdvertisementAmong the insiders in the company seeking to sell shares in the funding round are Darryl and Lucille Maslak, the parents of Shawna Maslak, Galiano's wife.

Persons: —, Paola Tiramani, Galiano, Chad Cohen, Erik Gordon, Cohen, Darryl, Lucille Maslak, Shawna, Gordon Organizations: Service, Business, Scala Advisors, University of Michigan's Ross School of Business, Securities and Exchange Commission, University of Michigan Locations: North Las Vegas , Nevada, Canada

☆ 42-year-old spent $1,000 to launch her Amazon side hustle—now it brings in $33,000 a week
▼ + stars: | 2024-02-21 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Jenny Woo, 42, brought in more than $1.71 million in 2023 revenue by selling EQ card games on Amazon. She was working on her master's degree in education at Harvard University, learning about emotional intelligence and child development. Woo spent roughly $1,000 from her savings to launch her side hustle, Mind Brain Emotion, in 2018. A million-dollar ideaWhen budget cuts hit the school, Woo was laid off. A month before graduating from the Harvard program, Woo launched a Kickstarter campaign for the deck with a $1,500 goal.

Persons: Jenny Woo, Woo, —, it'd Organizations: Harvard University, Amazon, CNBC, University of California, Berkley, Cisco, Harvard, Harvard Innovation Labs Locations: Irvine, Southern California, Boston

☆ An ex-Googler shares the resume that landed him the job — and what he would change on it 10 years later
▼ + stars: | 2024-02-19 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Wang worked at Google for four years, first in policy and then in marketing. AdvertisementAt Google, Wang says he went through seven rounds of interviews. Show your accomplishments, not your work: Wang said he'd focus less on listing tasks, and more on explaining how his tasks became accomplishments. Tailor for what you want: "Pick your battles — not every single work experience is going to be equal," Wang said. Wang worked at Google's policy division and later as a product marketing manager.

Persons: Henry Wang's, Goldman Sachs, Wang, —, Henry Wang, Wang reexamined, It's Organizations: Deloitte, Google, Service, University of California, Times Locations: Irvine, of New York

☆ This in-demand side hustle for 2024 can pay up to $6,000 per month—how to get started
▼ + stars: | 2023-12-20 | by ( Gili Malinsky | ) www.cnbc.com time to read: +1 min

Americans have already begun making their 2024 financial plans. A majority, 86% have at least one financial goal for the year, according to a November 2023 Bankrate survey of 2,391 U.S. adults. If you are looking to start a side gig in the new year, there are plenty of opportunities and directions to consider. "We're going to see a lot more people go back to the office in 2024," says Angelique Rewers, CEO of small business consulting firm BoldHaus. Here's what the gig could look like, how much it could pay and how to get started.

Persons: Angelique Rewers

☆ The Bank of America Preferred Rewards program can get you bonus credit card rewards, waived fees, and more — here's how to qualify
▼ + stars: | 2023-11-30 | by ( Holly Johnson | Tessa Campbell | Freelance Writer | ) www.businessinsider.com time to read: +38 min

Bank of America® Unlimited Cash Rewards Credit Card Apply now lock icon An icon in the shape of lock. Bank of America® Customized Cash Rewards Credit Card Apply now lock icon An icon in the shape of lock. Insider’s Take The Bank of America® Customized Cash Rewards Credit Card is worth considering if you're looking for a no-annual-fee cash-back credit card that lets you choose your highest rewards category. Bank of America® Customized Cash Rewards Credit Card review External link Arrow An arrow icon, indicating this redirects the user." How to earn more credit card rewards by joining Bank of America Preferred RewardsAt this point, you're probably wondering how much more you'll earn in rewards by becoming a Bank of America Preferred Rewards member.

Persons: you’ve, takeout, Wells, We're, Merrill, Susan G Organizations: Business Insider, Alaska Airlines Visa, Virgin Atlantic, Mastercard, Bank of America, of America, ® Wells, Chase, Bank of America's, Vehicle, Cable, Services, Bank of America Travel Center, TSA, Travel Insurance, Komen, Rewards Bank of America, Business, Mobile Banking, Cash, Travel, Merrill, Bank, America, Merrill Guided

☆ Palantir Wins Major U.K. Health Contract Despite Criticism
▼ + stars: | 2023-11-21 | by ( Adam Satariano | ) www.nytimes.com time to read: +1 min

Palantir, the software company founded by billionaire Peter Thiel, on Tuesday won a major contract in Britain to help overhaul the technology system of the country’s state-run health service, overcoming concerns about a firm known for its military-related work in the United States securing such a sensitive role involving patient data. The National Health Service said Palantir had been awarded the seven-year contract, worth 330 million pounds, or about $415 million, to build a new platform that integrates data from across the N.H.S. Called the Federated Data Platform, the system is intended to make it easier to share patient information and analyze wider health trends across the sprawling health service. Palantir was a controversial choice, as some doctors, civil society groups and members of Parliament had raised concerns about giving the company responsibility for building what could eventually become one of the world’s largest repositories of health data. Palantir was awarded the contract in partnership with Accenture, the business consulting firm, PwC, NECS and Carnall Farrar.

Persons: Peter Thiel, Palantir, Thiel, Donald J, Trump’s, Carnall Farrar Organizations: Tuesday, National Health Service, Federated, Accenture Locations: Britain, United States, England, Wales

☆ Bain Capital to buy consulting firm Guidehouse in $5.3 bln deal
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

The logo of Bain Capital is displayed on the screen during a news conference in Tokyo, Japan October 5, 2017. REUTERS/Kim Kyung-Hoon/FIle photo Acquire Licensing RightsNov 6 (Reuters) - Private equity firm Bain Capital will acquire government and business consulting firm Guidehouse in a deal valued at $5.3 billion, the companies said on Monday. Bain Capital declined to comment on specific terms of the Guidehouse deal, when contacted by Reuters. Guidehouse has been owned by Veritas Capital since 2018, when the PE firm acquired Big Four firm PwC's U.S. public sector business and rebranded it as Guidehouse. It also agreed to acquire 90% of India's Adani Capital and Adani Housing, buying out all of the Adani family's private investments in the company.

Persons: Kim Kyung, Guidehouse, Grant, Pritam Biswas, Devika Nair, Savio D'Souza, Shailesh Organizations: Bain Capital, REUTERS, U.S . Department of Defense, Homeland Security, Reuters, Veritas Capital, Big, Macquarie, Dovel Technologies, Chindata, Adani, Thomson Locations: Tokyo, Japan, United States, Bengaluru

☆ Do menopause retreats work — and why are people paying $15,000 for them?
▼ + stars: | 2023-10-06 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

These are some of the activities that can be found at menopause retreats, a wellness trend carving a new niche in the tourism industry. Menopause retreats are tailored to help women navigate the different stages of perimenopause and menopause, and the array of symptoms that come with them — from hot flashes and night sweats to achy joints. Wellness retreats aren't new, of course, but ever since the pandemic, more resorts are promoting menopause-focused vacations — and more women are signing up for them. So instead of just going on a spa retreat, people started going on very specific purpose-driven retreats," Lisa Starr, a spa business consultant at Wynne Business Consulting and Education told CNBC Travel. Do menopause retreats help?

Persons: Lisa Starr, Emily, Starr, Combe, Heather Hirsch Mahesh Natarajan, Heather Hirsch, Hirsch, Boston's Brigham Organizations: Consumers, Wynne Business Consulting, Education, CNBC Travel, Global Wellness, Covid, Getty, CNBC, Women's Hospital Locations: Bath, England, Combe Grove's, Maldives, India, midlife, Boston's, Mumbai

☆ What Wall Street is telling employees about returning to the office, from Goldman Sachs to JPMorgan and Blackstone
▼ + stars: | 2023-09-04 | by ( Kaja Whitehouse | Michelle Abrego | ) www.businessinsider.com time to read: +11 min

According to Goldman's chief economist, Jan Hatzius, some 25% of all US workers work from home at least part of the week. So, which Wall Street firms are still letting employees work from home at least part of the time? On days employees are in, the firm focuses on taking "advantage of our shared location," it reads. At that time, the firm called for its employees to come into the office a minimum of three days a week. Since then, most employees have been in the office throughout the week, according to a person familiar with the firm.

Persons: Goldman Sachs, David Solomon, Citadel's Ken Griffin, Joe Biden, Jan Hatzius, Hatzius, Jamie Dimon, Goldman, Goldman Sachs Goldman Sachs, —, Dimon, JPMorgan Gretchen Ertl, Jane Fraser, she's, Fraser, they're, Citigroup Patrick, Fallon, Brian T, Moynihan, Bank of America Shannon Stapleton, Reuters Morgan Stanley Morgan Stanley's, James Gorman, Gorman, Gorman doesn't, Morgan Stanley, we're, James Gorman SAUL LOEB, Larry Fink, Larry Fink Spencer Platt, Citadel's Griffin, Griffin, Raj Mahajan, Ken Griffin, Milken, Mike Blake, Blackstone, Stephen Schwarzman Roy Rochlin, Nir Bar Dea, Izzy Englander's Organizations: JPMorgan, Blackstone, Morning, Citadel, Bloomberg, Business, Deloitte, JPMorgan JPMorgan, Goldman, Citigroup, Street, Bank, Economic, Getty Images Bank of America Bank of, Bank of America, Reuters, Getty, BlackRock BlackRock, Yards, Labor, Fox, BlackRock, Citadel Securities, Blackstone Blackstone, Bridgewater Bridgewater Associates, Bridgewater Associates, Bridgewater Locations: Citadel, Davos, Switzerland, New York City

☆ How A.I. can help create jobs for humans, not just automate them
▼ + stars: | 2023-08-10 | by ( Rachel Curry | ) www.cnbc.com time to read: +5 min

In this article UPWK Follow your favorite stocks CREATE FREE ACCOUNTMemorystockphoto | Istock | Getty ImagesFor organizations creating a long-term strategy around generative artificial intelligence, the technology has the capacity to create jobs for humans, not just automate them. Then there are even more nuanced roles, such as AI ethicists (whose job is, essentially, to maintain a responsible AI framework). Not only are there more types of jobs as a result of the generative AI boom, but companies are actually hiring more because of the generative AI surge. That's why experts say upskilling existing employees is essential to any organization's AI integration. AI is fast — business consulting firm Accenture's report on so-called "AI maturity" predicts that AI transformation will occur 13% faster than overall digital transformation through 2024.

Persons: Margaret Lilani, upskilling, Ger Doyle, Doyle, " Doyle, Lilani, onboarding, it's Organizations: Istock, AI, Hire, SAS, Talent Survey

☆ AI talent is in high demand even at non-tech companies. And jobs are paying way over six figures — up to $300,000.
▼ + stars: | 2023-07-21 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +6 min

The law firm Husch Blackwell and insurer Travelers are among those seeking AI skills. The law firm Husch Blackwell has built a data science team, and is hiring an AI solutions strategist. For its AI role, Husch Blackwell has looked for trained lawyers who understand AI and large language models, and ideally also have some business consulting experience, said Blake Rooney, chief information officer at Husch Blackwell. The law firm Husch Blackwell has been looking to hire an AI solutions strategist as it expands its use of AI. The law firm already built a data science team over the past three years, and automated some routine tasks.

Persons: Husch Blackwell, Jane Street, Aaron Sines, Sines, There's, Alan Schnitzer, Alo, CoCounsel, Valerie McConnell, Blake Rooney, It's, Rooney, it's Organizations: Morning, Jane, Austin, Travelers, Interactive, LinkedIn Locations: New York

☆ Chinese tech entrepreneurs keen to 'de-China' as tensions with US soar
▼ + stars: | 2023-05-30 | by ( David Kirton | ) www.reuters.com time to read: +7 min

But he's dismayed by the U.S.-China trade spats and the restrictions on a growing number of Chinese companies that have been imposed, or are being proposed, by U.S. lawmakers. "It's very unfair," he said, lamenting that competitors from other countries did not face similar issues when trying to expand into the United States. Reuters spoke to seven tech entrepreneurs from mainland China, most of them educated overseas, who would like to expand their businesses in the United States. Geopolitical tensions have meant a far less friendly atmosphere for mainland Chinese companies wanting to operate or gain funding in the United States, the entrepreneurs and consultants say. The U.S. Commerce Department did not respond to a request for comment on attitudes towards Chinese companies within the United States.

Persons: Florence Lo, Ryan, Trump, Joe Biden, Major flashpoints, James McGregor, Xi, Wilson, Chris Pereira, Shein, PDD, Pereira, Tommy, David Kirton, Eduardo Baptista, Casey, Brenda Goh, Edwina Gibbs Organizations: REUTERS, Huawei, U.S ., U.S, Micron Technology, Washington DC, Chinese Communist Party, Greater, APCO Worldwide, U.S . Commerce Department, Reuters, of Information, American Ecosystem Institute . Companies, PDD Holdings, U.S . Customs, Border Protection, Casey Hall, Thomson Locations: China, SHENZHEN, U.S, Washington, United States, Shenzhen, East Asia, North America, Hong Kong, Canada, Japan, Singapore, Montana, Greater China, Beijing, China's, Shanghai, Dublin

☆ China Raids Offices of Another Global Firm in Espionage Crackdown
▼ + stars: | 2023-05-08 | by ( David Pierson | Daisuke Wakabayashi | ) www.nytimes.com time to read: +1 min

China has targeted another global business consulting firm on national security grounds, launching an investigation of the Shanghai-based Capvision Partners as part of a broader crackdown on the industry, state media reported on Monday night. Officers raided several of the firm’s offices in China, including in Shanghai, Beijing, Suzhou and Shenzhen, state media said, explaining that the company was not “earnestly fulfilling the responsibilities and obligations” of preventing espionage. The investigation is the latest in a recent government crackdown on consulting and advisory firms, whose clients include overseas investors and foreign companies seeking information into Chinese industry. Mintz Group, an American company that specializes in corporate investigations, said in March that Chinese authorities had raided its offices, detained five of its Chinese staff and closed the branch. Last month, Bain & Company, a U.S. consulting firm, said security officials had visited its offices and questioned employees.

☆ 7 stocks that fit Warren Buffett's buying criteria ahead of Berkshire's annual meeting
▼ + stars: | 2023-05-05 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

When Warren Buffett takes the stage at Berkshire Hathaway's annual meeting in Omaha on Saturday, he'll have a lot to talk about. He also prefers those that have demonstrated consistent earnings power, as well as good returns on equity. If Buffett were looking to add a tech name as a Berkshire subsidiary, there are three that fit his criteria — Monolithic Power Systems , Teradyne and Paycom Software . Monolithic Power Systems is near the top end of his range with its $22 billion market cap. MPWR YTD mountain Monolithic Power Systems Monolithic reported a first-quarter earnings and revenue beat on Friday.

☆ ChatGPT won't take over from humans for now, says founder of Indian tech giant
▼ + stars: | 2023-04-21 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

watch nowI am a great believer in the theory that the human mind is the most powerful imagination, machine. There is nothing that can beat the human mind. Narayana Murthy founder of InfosysMurthy was the CEO of Infosys from 1981 to 2002. The human mind is what differentiates one from the other, said Murthy. watch nowIn 1981, Murthy and six other engineers founded Infosys with an initial capital of only $250.

☆ Chinese companies and tycoons rush to calm investors after SVB collapse causes anxiety
▼ + stars: | 2023-03-13 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —The collapse of Silicon Valley Bank (SVB), which courted Chinese start-ups, has caused widespread concern in China, where a string of founders and companies rushed to appease investors by saying their exposure was insignificant or nonexistent. “As China’s first technology bank, SPD Silicon Valley Bank is committed to serving Chinese science and technology companies, and has always had sound operations in accordance with Chinese laws and regulations.”It’s unclear what will happen to SVB’s ownership of the joint venture. BeiGene, one of China’s largest cancer-focused drug companies, said Monday it had more than $175 million uninsured cash deposits at SVB, which represents approximately 3.9% of its cash, cash equivalents and short-term investments. Zai Lab, a pharmaceutical firm, announced that its cash deposits at SVB were “immaterial” at about $23 million. “We never opened an account with Silicon Valley Bank, nor placed a deposit,” he said late Sunday on his Weibo account.

☆ It's fine to use ChatGPT to write your cover letter, a recruiter says. But it could screw you over on interview prep.
▼ + stars: | 2023-02-07 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +4 min

ChatGPT has grown in popularity among job seekers, writing cover letters and resumes in seconds. One recruiter says it's just a more accessible version of something job seekers have always done. People have shared stories on social media about using it to write cover letters, a time-consuming thorn in job seekers' side. As a recruiter who works with people in highly specialized roles, Laughlin also cautioned against using ChatGPT to bypass technical screenings for jobs, like with coding. But for now, he sees the bot as an impressive way for job seekers to get their foot in the door at companies.

☆ 5 in-demand side hustles you can do from home that pay $100,000 or more, according to new research
▼ + stars: | 2023-01-24 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

The widespread adoption of remote working has created more opportunities for people to find flexible, high-paying side hustles they can do online. Some 44% of Americans are dabbling in a side hustle, up from 12% of Americans who had one in 2020, according to a December 2022 LendingTree survey of 2,100 U.S. adults. To help people interested in pursuing a side hustle find the best remote opportunities, Freelancer.com has identified 5 in-demand side hustles that can be done from home, based on more than 300,000 listings posted on their database between October and December 2022. These jobs have dozens of active listings and offer remote, part-time opportunities. Here are five of the highest-paid, most in-demand side hustles that can be done from home, according to Freelancer.com:

☆ Nearly half of all Gen Z and millennial workers did freelance work this year as the Great Resignation continued, inflation remained sky high, and people wanted work flexibility
▼ + stars: | 2022-12-15 | by ( Madison Hoff | Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Young Americans led the way — over 40% of Gen Z workers and almost 50% of millennial workers freelanced. The record share this year signals more Americans are turning to freelance work amid continued employer struggles to find workers. According to the survey, 43% of Gen Z workers and 46% of millennial workers performed freelance work in 2022, compared to 35% of Gen X workers who said the same. Thirty-seven percent said they provide "unskilled" services, while 31% said they sell goods as part of their freelance work. Per the report, 17% of US freelancers generate "income from a mix of traditional employment and freelance work."

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The best Bank of America credit card reviewsBank of America Unlimited Cash Rewards CardWhy the BofA Unlimited Cash Rewards card is worth it: The Bank of America® Unlimited Cash Rewards Credit Card is an excellent choice for straightforward flat-rate rewards on all purchases. You need good to excellent credit to qualify for the best Bank of America credit cards (most of the cards on this list) — meaning a FICO score of at least 670 (VantageScore of at least 700). Certain cards (such as the Bank of America® Business Advantage Unlimited Cash Rewards Credit Card and the Bank of America Business Advantage Customized Cash Rewards Credit Card) require you to have excellent credit (FICO score of at least 800). You can request a credit line increase on eligible Bank of America credit cards when you sign into your Online Banking account, select your credit card, go to Account Summary, and click the "Request a credit line increase" link under Card Details. The best way to avoid paying interest on your Bank of America card (as with all credit cards) is by paying your credit on time and consistently.

☆ This 28-year-old makes $189,000 a year from 7 income streams: ‘3 businesses you can start today for $50 or less’
▼ + stars: | 2022-11-01 | by ( Josh Ellwood | ) www.cnbc.com time to read: +3 min

In 2021, I built enough income streams to quit my $98,500-per-year engineering job and work on my businesses full-time. Here are three businesses you can start today for $50 or less:1. Cost to start: $50 Patreon allows you to build and sell memberships by providing exclusive access to your work. Every month, subscribers pay a fee to communicate directly with me and learn about top-selling products in different categories. You only pay to use the service once subscribers pay to join your group.

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