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☆ A millennial left his job to start a consulting business and booked $400k in revenue in the first year. He shares his advice on launching a startup.
▼ + stars: | 2024-09-23 | by ( John Towfighi | ) www.businessinsider.com time to read: +7 min

Read previewMario Vasquez Zuniga, 29, got a taste of entrepreneurship three years before he launched his own business. In 2023, Vasquez Zuniga quit his job and cofounded Collective, a consulting firm, with former colleague Thea Appling. Vasquez Zuniga is a first-generation college graduate who earned his degree from San Francisco State University in 2016. Vasquez Zuniga has another advantage: He's a native Spanish speaker, and he said nearly all of the people he works with are bilingual. Vasquez Zuniga added that setting milestones is also key for new entrepreneurs.

Persons: —, Mario Vasquez Zuniga, Vasquez Zuniga, Thea Appling, " Vasquez Zuniga, who's, undervalue, they've, hasn't Organizations: Service, Lucas Public Affairs, Business, Treasury Department, Bureau of Labor Statistics, San Francisco State University, Small Business Administration, CPA, Sacramento Valley Small Business Development Center, Immigrants Locations: Palmdale , California, Sacramento, El Salvador, Spanish

WASHINGTON — Members of President Joe Biden's family have discussed what an exit from his campaign might look like, according to two people familiar with the discussions. Biden's family members have specifically discussed how he would want to end his re-election bid on his own timing and with a carefully calculated plan in place. White House spokesman Andrew Bates denied that any such exit discussions are happening amongst the family. Among the reports: that longtime speechwriter and historian Jon Meacham was penning Biden's exit remarks. Amid the turmoil the Biden campaign sent out talking points to Democrats, according to a Democratic strategies: "President Biden has not spoken to congressional leadership today.

Persons: Joe Biden, Jill Biden, Joe Biden's, —, Biden, Donald Trump, Biden's, Andrew Bates, Joe, Jen O'Malley Dillon, it's, Ron Klain, Klain, Trump, Bates, Hunter, Valerie Owens, Bidens, Kamala Harris, Jon Meacham, Meacham, I'm, Al Sharpton, Sharpton, it's Joe Biden, Brian Wolff, Wolff Organizations: White, WASHINGTON —, Republicans, Trump, White House, Covid, Democratic, NBC News, MSNBC, Republican National Convention, Biden, Senate, PAC Locations: Washington , U.S, Rehoboth Beach , Delaware

☆ Miner Anglo American rejects third takeover offer from rival BHP Group as talks deadline extended
▼ + stars: | 2024-05-22 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

(Photo by William WEST / AFP) (Photo by WILLIAM WEST/AFP via Getty Images)LONDON — Anglo American rejected a third takeover proposal from rival BHP Group on Wednesday, as the companies agreed to extend talks deadline by one week. The British miner confirmed the third proposal from BHP offered about £29.34 per Anglo American share, based on undisturbed share prices as of market close on April 23. Shares of Anglo American were up 0.35% shortly after the announcement, while BHP shares fell over 3.4%. The combined companies would form a behemoth in copper mining and the world's largest player in the space, supplying 10% of global output, according to a Reuters analysis. Anglo rejected both previous offers, however, saying that they "significantly undervalue the company and its future prospects."

Persons: Stuart Chambers, Chambers, Duncan Wanblad Organizations: BHP, William WEST, WILLIAM WEST, Getty, BHP Group, London Stock Exchange, Limited, Iron Ore Limited, Rio Tinto Locations: Melbourne, Australian, AFP, American, London, Australia

☆ Diamond giant De Beers faces spin-off amid wider restructuring as Anglo American takeover pressure mounts
▼ + stars: | 2024-05-14 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Diamond rings are displayed in a cabinet inside a De Beers SA store in Hong Kong, China, on Thursday, Sept. 14, 2017. Photographer: Calvin Sit/Bloomberg via Getty ImagesAnglo American plans to spin off its highly prized De Beers diamond unit as part of a sweeping restructuring of its 107-year-old business as it seeks to fend off persistent takeover bids from mining rival BHP Group . The British miner said in a statement Tuesday that De Beers could be divested or demerged to "improve strategic flexibility." CEO Duncan Wanblad said the restructure, which represents "the most radical changes to Anglo American in decades," would help streamline the business and provide greater value to shareholders. The announcement comes just a day after Anglo rejected an improved takeover proposal from BHP.

Persons: Bruce Cleaver, Calvin Sit, De Beers, Duncan Wanblad, Wanblad, — Organizations: De Beers SA, Bloomberg, Getty, BHP Group, BHP Locations: Hong Kong, China, London

☆ 3 mistakes to avoid in a divorce, from a money expert who ended a marriage in her 20s
▼ + stars: | 2024-01-18 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +4 min

At the time, Krawcheck says she was "pretty much on her own" to learn how to manage her money as a newly single woman. Her divorce attorney didn't have financial expertise to help her, but the financial advisors she talked to didn't have the divorce expertise she needed. Though it happened several decades ago, some of the challenges she faced going through her divorce as a woman continue to exist today. Here are three mistakes Krawcheck recommends avoiding if you could be facing a divorce in the future. Otherwise, you may arrive at separation proceedings unaware that there are assets you're entitled to or assets of your own that your soon-to-be ex is eyeing.

Persons: Sallie Krawcheck, Krawcheck, didn't, hasn't Organizations: CNBC, Harris, UBS Locations: U.S

☆ Frontline workers who can't work from home are fighting for more control over their schedules
▼ + stars: | 2023-12-04 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

Many frontline workers are demanding more flexibility in determining their schedules. New data shows the fight among frontline workers for better pay and independence hasn't slowed much. Nearly three-fifths of US workers can't adopt hybrid work due to the in-person nature of their jobs, and on average, these on-site, non-remote-capable workers are less engaged (29%) than fully remote or hybrid workers (38%), according to the Gallup survey. AdvertisementGallup researchers found that frontline workers aren't regretting not having the benefits of remote or hybrid work. According to the survey, frontline workers overall preferred having the ability to select what days to work, alongside more PTO and a four-day workweek.

Persons: hasn't, — Organizations: Service, Gallup, Workers, McKinsey

[1/2] The company logo for Choice Hotels is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 17, 2017. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 27 (Reuters) - Choice Hotels International (CHH.N) is preparing to nominate directors to the board of rival Wyndham Hotels & Resorts (WH.N), seeking to break a stalemate in an $8 billion takeover battle, people familiar with the matter said. This gives Choice the right to nominate directors to Wyndham's board come January. It is also preparing to launch a tender offer for Wyndham's shares that would show Wyndham's investors that there is a firm offer on the table, according to the sources. Rockville, Maryland-based Choice operates nearly 7,500 hotels in 46 countries, including brands such as Radisson, Country Inn & Suites, and Cambria Hotels.

Persons: Brendan McDermid, Wyndham, Parsippany, Pat Pacious, Stephen Holmes, Anirban Sen, Jonathan Oatis Organizations: New York Stock Exchange, REUTERS, Wyndham Hotels & Resorts, Ramada, Wyndham, Cambria Hotels, Choice, Thomson Locations: New York, U.S, United States, Parsippany , New Jersey, Rockville , Maryland, Radisson, Cambria

☆ ‘Argentina on the Channel.’ Mark Carney and Liz Truss clash over UK economy
▼ + stars: | 2023-09-18 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —When Liz Truss was briefly Britain’s prime minister a year ago, the world’s sixth-largest economy came close to resembling Argentina, a country plagued by financial and economic instability. Truss and her Brexit-backing allies have long argued that lower taxes and fewer regulations — akin to Singapore’s approach — would help kickstart sorely needed growth in the UK. Britain, for its part, is battling stubbornly high inflation, feeble economic growth and a rising public debt burden, which is the costliest to service among rich economies. At the time, Carney, who was head of the Bank of England from 2013 to 2020, accused Truss’s government of “undercutting” the nation’s economic institutions. “Mark Carney is part of the 25-year economic consensus that has led to low growth across the Western world,” she said.

Persons: Liz Truss, Mark Carney, kickstart, Carney, “, Kwasi Kwarteng, Truss’s, undercutting, “ Mark Carney, ”, ” Truss, Olesya Dmitracova Organizations: London CNN, Bank of England, Institute for Government Locations: Argentina, United Kingdom, Montreal, Singapore, London

☆ Jana brought an aerospace rock star to Mercury Systems. These next steps could help build value
▼ + stars: | 2023-07-15 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

Business: Mercury Systems is a manufacturer of essential components, products, modules and subsystems. On July 6, Bill Ballhaus, Mercury Systems' interim president and CEO, was also named chairman. Mercury Systems has been a successful manufacturer of small electronic components with many favorable attributes. Further, unlike many peers, it pays for its own R&D, making Mercury Systems more nimble and allowing it to have higher operating margins. In June 2022, Jana and Starboard each won a seat on the company's board: Bill Ballhaus (Jana) and Howard L. Lance (Starboard).

Persons: it's, Jana, Barry Rosenstein, Rosenstein, Scott Ostfeld, Gerard J, DeMuro, Roger A ., Bill Ballhaus, Starboard's 13D, Howard L, Ballhaus, Ozzy Osbourne, Steven Tyler, Ken Squire Organizations: Mercury Systems, U.S, Starboard's, Computer Sciences, 13D Locations: U.S

☆ Comparing salaries — and uncovering gender pay gaps — could be easier under these new EU rules
▼ + stars: | 2023-03-31 | by ( Sophie Kiderlin | ) www.cnbc.com time to read: +3 min

Research has shown that salary transparency is key to closing the gender pay gap as women are often less likely to negotiate their compensation and tend to undervalue themselves. But what the exact consequences for too big a gender pay gap will be is up to the EU's individual member countries. "This legislation makes it crystal clear that we do not accept any kind of gender pay discrimination in the EU," Danish EU politician Kira Marie Peter-Hansen, who worked on the new legislation, said. A recent report by Moody's found that the gender pay gap could in fact cost the world economy as much as $7 trillion. The most recent official data shows that the gender pay gap in the EU was at 13% in 2021.

☆ I average $5,000 in monthly revenue creating user-generated content for small businesses. Here's how I got my start and scaled my business.
▼ + stars: | 2023-03-17 | by ( Alexandra York | ) www.businessinsider.com time to read: +7 min

Giselle González started creating user-generated content in March 2022. She didn't have a social-media following, but she started creating content based on brands she loved. Now she earns thousands a month by creating UGC for beauty-and-wellness brands on social media. "When I realized that I could start creating content for brands without having a huge following, without being an influencer, I started digging," González said. Because I do a lot of outreach on LinkedIn, my profile has to be professional and constantly updated with my latest UGC work.

☆ Manhattan DA was 'weeks' away from filing criminal charges against Trump in 2020, when he was still president, former prosecutor says
▼ + stars: | 2023-02-07 | by ( Ashley Collman | Laura Italiano | ) www.businessinsider.com time to read: +6 min

The Manhattan DA's office was weeks away from filing criminal charges against Trump at the end of 2020. Pomerantz resigned from the office when new DA Alvin Bragg decided against pursuing a Trump indictment. Pomerantz was initially brought onto the Trump investigation as a consultant at the end of 2020 by the inquiry's leading prosecutor, Carey Dunne. Investigators wanted to charge Trump for allegedly undervaluing his stake in 40 Wall Street, a building in lower Manhattan. The Manhattan DA's investigation into Trump never resulted in charges, after Alvin Bragg took over as the new DA in January 2022.

NEW YORK, Jan 25 (Reuters) - Large shareholders in News Corp (NWSA.O) on Wednesday applauded Rupert Murdoch's decision to withdraw a proposal to reunite the owner of Dow Jones and Fox Corp , as News Corp decided to pursue a sale of Move Inc instead. On Tuesday, activist investment firm Irenic Capital, which had also opposed the proposed reunion of Fox and News Corp, applauded the decision to not move forward. Cowen & Co's Doug Creutz said investors were pleased by the decision to walk away from a potential combination, saying that pressure from investors like T Rowe Price weighed on the Murdoch's decision to pursue the deal. Fox shares were up about 2% on Wednesday. "The other big question is – does News Corp give their shareholders their pro-rata shares of REA in addition to selling Move?

Three sources familiar with the matter said News Corp was in talks to sell its stake in Move to CoStar for about $3 billion. The deal would have recombined the media empire Murdoch split nearly a decade ago. No offer was exchanged between News Corp and Fox Corp before merger deliberations were abandoned, according to sources familiar with the process, who said pushback from News Corp shareholders played a role in those plans being scrapped. News Corp currently has a market capitalization of about $11 billion, while Fox is valued at a shade over $17 billion. Rupert Murdoch and his family trust control about 40% of News Corp and Fox.

Jan 24 (Reuters) - Rupert Murdoch reversed course on Tuesday and withdrew a proposal to re-unite News Corp (NWSA.O) and Fox Corp as the company is also exploring a sale of its stake in Move Inc., which operates the Realtor.com website, according to a regulatory filing and sources familiar with the process. Several top shareholders had publicly said they opposed the proposed plan, and on Tuesday News Corp said in a statement that the combination was "not optimal for shareholders of News Corp and Fox at this time." The deal would have reunited the media empire Murdoch split nearly a decade ago. No offer was exchanged between News Corp and Fox Corp before merger deliberations were abandoned, according to sources familiar with the process, who said pushback from News Corp shareholders played a role in those plans being scrapped. "Looking ahead, News Corp has an opportunity to create substantial value for its owners."

☆ Morgan Stanley upgrades this under-the-radar software stock poised to survive IT budget cuts
▼ + stars: | 2023-01-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Budget cuts loom in the IT industry, but software stock PagerDuty is well situated to come out unscathed, according to Morgan Stanley. "Strong unit economics, highly ratable sub revenue and market leadership in an important category provide the backdrop for a strong pivot to profitability," Singh wrote. "At ~4x CY24 sales, we think shares undervalue PagerDuty's ability to sustain 20% growth, expand margins and generate" free cash flows. Software stocks face a difficult setup as companies look to trim IT budgets in a slowing growth environment. Despite these headwinds, Singh expects PagerDuty's growth to persist given its stable subscription model and move up from a predominant focus on small-to-medium-sized businesses.

☆ Here are Friday's biggest analyst calls: Netflix, Tesla, Apple, Coinbase, Tesla, Ralph Lauren & more
▼ + stars: | 2023-01-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Friday's biggest calls on Wall Street: Mizuho reiterates Amazon as buy Mizuho said it's standing by its buy rating on the e-commerce giant. Barclays upgrades Ralph Lauren to overweight from equal weight Barclays said Ralph Lauren is a "best-in-class" apparel brand. JPMorgan upgrades Regeneron to overweight from equal weight JPMorgan said it sees several positive catalysts ahead for the biotech company in 2023. JPMorgan reiterates Netflix as overweight JPMorgan said it sees growth potential after the company's strong earnings report on Thursday after the bell. JPMorgan reiterates Coinbase as neutral JPMorgan said Coinbase is a beneficiary of other company's challenges from the FTX fallout.

The Library of Congress named Medina the national ambassador for young people’s literature for 2023-24. Meg Medina. Medina is taking on the job in a political uproar over literature aimed at young people and in school libraries, largely with LGBTQ themes and characters. But to Medina's daughter, whose first language is English, the word means “story me,” said Medina, who now lives in Richmond, Virginia. She knew little about American literature, but she bought Medina the World Book Encyclopedia, on installment, and took her to the library.

☆ Elon Musk Was Always a Visionary Jerk, Bad Boss at SpaceX, Tesla. but It Won't Work at Twitter.
▼ + stars: | 2022-12-18 | by ( Linette Lopez | ) www.businessinsider.com time to read: +13 min

Elon Musk has a pretty tried-and-true playbook for doing business — he's used it for years to build companies from Tesla to SpaceX. Twitter is the antithesis of an "Elon Musk company." And without a big, world-changing promise to paper over his sophomoric product ideas and erratic management, Musk's Twitter takeover is doomed. No time to wasteA Musk company is usually the first, and sometimes the only, company in a specific market. Based on his most recent quarterly calls with investors — the ones where he is supposed to talk about plans to make more money — Musk does not have one.

☆ Content creator Josh Harmon has 4 million TikTok followers and 2 million YouTube subscribers. Here's how he's preparing for the impending recession.
▼ + stars: | 2022-12-11 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +5 min

He told Insider that some of his fellow content creators have had brand deals axed mid-production. Now he's self-employed, "the highs are higher and the lows are lower," Harman told Insider. Harmon told Insider: "If the content stays good, the fans stay engaged." Harmon told Insider he always replies promptly and politely to professional partners — and he aims to complete all commercial work ahead of schedule. Harmon told Insider creators need to be "clear with companies" about their budgets — and they shouldn't let themselves feel pressured to accept anything less.

☆ Tyro rejects $593 million bid from Potentia Capital
▼ + stars: | 2022-12-11 | by ( ) www.reuters.com time to read: +1 min

Dec 12 (Reuters) - Australian payment terminals firm Tyro Payments (TYR.AX) on Monday rejected the revised proposal from private equity firm Potentia Capital of A$1.60 per share which values the company at A$875 million ($593.43 million). Tyro said the higher offer continues to undervalue the company. "The revised indicative proposal comes at a time of significant share market volatility and cyclical weakness in global technology and payment company valuations," the company said in a statement. Additionally, Westpac (WBC.AX) also ended its discussions with Tyro, saying that it was not in the best interests of its shareholders. The bank was among the three biggest banks in October that were considering a bid for the payment terminals firm, underscoring the importance of new revenue streams as rising interest rates batter the mortgage market.

☆ Stocks making the biggest moves in the premarket: Apple, Taboola, Biogen and more
▼ + stars: | 2022-11-28 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

A person familiar with assembly operations told Bloomberg that Apple and Foxconn do expect to be able to make up that shortfall in 2023. Apple slid 1.7% in premarket trading. Wynn Resorts (WYNN), MGM Resorts (MGM), Melco Resorts (MLCO), Las Vegas Sands (LVS) – Casino stocks rallied in off-hours trading after the Chinese government granted the companies provisional licenses to continue operating in Macau. Exxon Mobil (XOM), Chevron (CVX) – These and other energy stocks fell in the premarket as WTI Crude touches its lowest level in 11 months. First Solar (FSLR) – The solar company's stock fell 2.6% in the premarket following a downgrade by J.P. Morgan to "neutral" from "overweight."

☆ News Corp shareholder T Rowe Price raises concerns over Fox merger - NYT
▼ + stars: | 2022-11-26 | by ( ) www.reuters.com time to read: +2 min

Nov 25 (Reuters) - T. Rowe Price (TROW.O), a major shareholder in News Corp (NWSA.O), said it had strong reservations about Rupert Murdoch's plan to reunite News Corp and Fox Corp (FOXA.O), The New York Times reported on Friday, joining other investors in dissent over the plan. T. Rowe Price told the newspaper that a merger of the two companies would probably undervalue News Corp, which it believes is trading for less than it is worth. T. Rowe Price owns about 17.88% of News Corp, according to Refinitiv data, and is the largest shareholder after the Murdoch family. Fox and News Corp declined to comment, while T. Rowe Price did not immediately respond to Reuters requests for comment. Independent Franchise Partners owns about 7% of News Corp's Class A shares and 6.4% in Fox Corp.

☆ I average $5,000 in revenue a month creating user generated content for small businesses. Here's how I got my start and scaled my business.
▼ + stars: | 2022-11-03 | by ( Alexandra York | ) www.businessinsider.com time to read: +6 min

Giselle González started creating user-generated content in March 2022. Now she earns thousands a month by creating UGC for beauty-and-wellness brands on social media. "When I realized that I could start creating content for brands without having a huge following, without being an influencer, I started digging," González said. Create a portfolio with brands you're passionate aboutGonzález shoots UGC content from home. Because I do a lot of outreach on LinkedIn, my profile has to be professional and constantly updated with my latest UGC work.

Numbers don’t lie (Madonna is one of the bestselling pop stars of all time), but they don’t often tell the whole story. Without question, I view Madonna as someone who pushed the boundaries of overtly and unabashedly sexual performances in popular culture. But Black artists often get excised from predominating narratives about U.S. popular culture. But Black artists often get excised from predominating narratives about U.S. popular culture. The risks were much higher for the Black women and the Black and Latinx queer people across genders who chose to be sexually provocative entertainers.

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