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☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, Rivian, Amazon, Netflix, Ford, Rocket Lab & more
▼ + stars: | 2024-01-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Wednesday's biggest calls on Wall Street: Citi reiterates Apple as buy Citi said it's standing by its top pick status on Apple shares. UBS downgrades Ford to neutral from buy UBS said it sees limited upside to estimates. TD Cowen downgrades Fisker to market perform from outperform TD said it sees too many growing pains for Fisker. KeyBanc initiates Rocket Lab as overweight Key said it sees upside for the rocket satellite company. "We initiate coverage on Rocket Lab USA (NASDAQ: RKLB) with an Overweight rating and $8 price target, reflecting ~50% upside."

Persons: Jefferies, Tesla, Elon, Ford, TD Cowen downgrades Fisker, JPMorgan downgrades Morgan Stanley, Morgan Stanley, it's, Christine Barone, Goldman Sachs, Goldman, Davidson downgrades Teladoc, Key, Evercore, Wolfe, Piper Sandler, TGT, BURL, SolarEdge, Mizuho, William Blair, it's bullish Organizations: Citi, Apple, Huawei, UBS, JPMorgan, Bank of America, Bros, Rocket Lab, Lithia, Dealers, Susquehanna, JetBlue Spirit, Deutsche Bank, Deutsche, EV, CART, Target, Barclays, Boeing, Airbus, Mizuho, Amazon, " Bank of America, Netflix Locations: China, 2Q24, 3Q24, Burlington

As my living expenses have increased after moving from a condo to a townhouse , I've been assessing how I can spend with more intentionality. I've always prided myself in being somebody who frequently declutters my physical belongings, but four boxes of beauty and wellness products begged to differ. Going into 2024, here are four ways I'm making an effort to spend and save with more intentionality. In that time, I usually find that my desire to buy those items goes down significantly. Build a Budget The best budgeting apps can help you get your finances in order and track your monthly spending.

Persons: I've, Berna Anat, Anat, haven't Organizations: Service, Business, Facebook, Quicken Locations: Berna, O'ahu, Pakistani, Patagonia

☆ I don't allow screens during meals with my kids. Here's how I keep them entertained instead.
▼ + stars: | 2024-01-13 | by ( Conz Preti | ) www.businessinsider.com time to read: +4 min

I want meals to be a time we are all present togetherI know taking kids out for meals is stressful and chaotic. I will often cart a bag full of crayons and blank paper because my kids love to draw. We have tons of Wikki Stix — short sticks covered in non-toxic wax — that allow them to make creations beyond coloring. I'm not here to say my way is better than anyone else's way, and I don't judge people who do choose to use screens during meals. For our family, it means no screen time during meals, which might also mean I will never have a warm meal again.

Persons: We've, it's, I've, They've, I'm Organizations: Service

☆ Lugging Credit Card Debt Into 2024? Now’s the Time to Make a Plan.
▼ + stars: | 2024-01-12 | by ( Ann Carrns | ) www.nytimes.com time to read: +2 min

Mindy Neira, a financial planner in Westwood, N.J., recommended that if you were having trouble managing card debt, take stock of your spending. He advised paying off the card with the highest interest rate first by making more than the minimum payment. (This is sometimes called the “avalanche” method: While paying off that card, you make minimum payments on the others. Another suggestion: Use two separate checking accounts, said Alvin Carlos, a financial planner in Washington, D.C. Use one for fixed essentials like your rent, mortgage or loan payments. (Ask your bank to make sure there are no extra fees for a second spending account.)

Persons: Mindy Neira, “, ”, Neira, Rob Williams, Charles Schwab, Luis Rosa, Alvin Carlos, Carlos Locations: Westwood, N.J, Las Vegas, Washington ,

☆ Sam's Club will stop checking receipts at the door — and instead use AI to snap photos of your shopping cart
▼ + stars: | 2024-01-10 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Sam's Club is ditching physical receipt checks for an AI shopping-cart scan. Waiting for receipt checks at the exit has long been a source of frustration for shoppers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementShopping trips to Sam's Club are about to get a little shorter — at the exit, at least. The Walmart-owned warehouse club said Tuesday it's ditching physical receipt checks for an artificial-intelligence-powered scan of members' shopping carts as they roll out of the store.

Persons: —, Megan Crozier Organizations: Sam's, Service, Walmart, US's, Consumer, Business Locations: Las Vegas

☆ How to take on the viral No Spend January trend
▼ + stars: | 2024-01-10 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +8 min

It’s also a challenge more people are taking on for shorter periods of time — such as a No Spend Week, a No Spend Weekend or No Spend Sunday — or during other months of the year. Courtesy Kate KadenKaden, who said she saves about $2,000 or more during a No Spend Month, has been able to build up her emergency fund and pay off debt. If pulling back on spending in January isn’t appealing, you can have your own No Spend Month at any point in the year. The same goes for getting off email marketing lists, unsubscribing to text promotions or deleting social media all together. Some social media influencers such as Kiersti Torok help connect others to coupons and discounts in local mailers or retail apps.

Persons: Kate Kaden, “, ” Kaden, Instagram, It’s, Kate Kaden Kaden, ” Neil Sanders, ”, isn’t, Ted Jenkin, Melissa Corriveau, “ It’s, she’s, Corriveau, it’s, you’re, Jenkin, influencer Kaden, Kaden, ” Don’t, you’d, Ramit Sethi, CNN he’s “ Organizations: CNN, GlobalData, ”, Oxygen Financial, Costco, New York Locations: Maine, “

☆ Walmart wants to use AI to restock your fridge automatically
▼ + stars: | 2024-01-10 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

Walmart is starting to use AI to figure out how often you order groceries and order them for delivery. The service will soon be part of Walmart's InHome delivery, according to its presentation at CES. Walmart customers can set up deliveries of essentials at regular intervals, a service the big box chain started offering last year. The company started offering InHome delivery in 2019. Spark's gig delivery workers aren't allowed to enter customers' homes, a point of confusion for Walmart customers who think Spark contractors make InHome deliveries.

Persons: —, Whitney Pegden, Walmart InHome, Pegden Organizations: Walmart, Service, Consumer Locations: Las Vegas

☆ 7 things you should never do at Home Depot, according to former employees
▼ + stars: | 2024-01-09 | by ( Pascale Mondesir | ) www.businessinsider.com time to read: +5 min

Business Insider spoke with two former Home Depot employees, Janet Federico and Matthew De Fiebre, about things they wish customers would stop doing in the big-box store. De Fiebre, who worked as a garden and order-fulfillment associate in 2019 and 2020, said showing employees grace goes a long way. There are lots of different departments in each Home Depot store. AdvertisementBut Federico told BI that too many people ignored the options, leaving the burden on the employees. "I can't eyeball measurements from a photo, and holding up your hands and saying, 'about this wide' is not helpful," Federico told BI.

Persons: —, Janet Federico, Matthew De Fiebre, Fiebre, aren't, De Fiebre, Federico, it's Organizations: Service, Home Depot, Business, Home, Staff, Depot Locations: Austin, Texas, Home

☆ Smart shopping carts with customized ads are the future of grocery shopping, according to Instacart
▼ + stars: | 2024-01-08 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Instacart will test ads on its Caper smart shopping carts at Bristol Farms grocery stores in Southern California, it said on Monday. This story is available exclusively to Business Insider subscribers. AdvertisementInstacart plans to have "thousands" of the Caper carts in stores by the end of 2024, Instacart CEO Fidji Simo told Bloomberg on Monday. Caper carts are just one example of the boom in what those in the industry call "retail media." AdvertisementMost retailers' ad sales are a fraction of Amazon's, which has been building its ad business for longer.

Persons: —, General Mills, That's, Fidji Simo, they're, Simo Organizations: Service, Bristol Farms, Kroger, Schnucks, Business, Del, Del Monte Foods, Bloomberg, Retailers, Walmart, Amazon, Intelligence Locations: Southern California, Del Monte

☆ Supreme Court steps into a minefield
▼ + stars: | 2024-01-07 | by ( Richard Galant | ) edition.cnn.com time to read: +15 min

“First in war — first in peace — and first in the hearts of his countrymen,” Lee wrote of Washington. Joe Biden is 81, the oldest president ever and one who is struggling with John Adams-level unpopularity. On Friday afternoon the US Supreme Court announced it would hear arguments on the case February 8. Trump responded by accusing Biden of “pathetic fearmongering.”It’s been three years since Trump supporters stormed the Capitol on January 6. The name came from a letter Gordon sent to a friend explaining “how she, as a 350-pound woman, would like to be addressed.”“Just say fat,” Gordon reads from her essay in the film.

Persons: George Washington, Henry “, Harry ” Lee, “, —, ” Lee, ”, John Adams, Adams, Joe Biden, Clay Jones, Donald Trump, George W, Bush, Biden, Trump, ” It’s, Harry Dunn, ” Dunn, Black, Cupp, won’t, Trump Lisa Benson, Nikki Haley, Ron DeSantis, Mary, DeSantis, Patrick T, Brown, “ Haley, Julian Zelizer, ” Zelizer, John Avlon, ” David Horsey, Laura Belin, Haley, Iowa David Mark, Rob Davidson, Peter Bergen, Archduke Franz Ferdinand, Frida Ghitis, Benjamin Netanyahu “, ‘ We’re, ’, Netanyahu, Israel, ” Claudine Gay, Bill Bramhall, Claudine Gay, Jeremi Suri, Gay, ” Suri, Nick Anderson, OpenAI, Seán O’Connor, Mona Lisa ” —, O’Connor, ” “, ” Don’t, Dean Obeidallah, Dave Chappelle, J, Barber, Will Leitch, Sophia A, Nelson, Hollywood William Wallace, Tess Taylor, Jill Filipovic, Keir Giles, Aubrey Gordon, Sara Stewart, Gordon, Jeanie Finlay, ” Gordon, incredulously, ” Stewart Organizations: CNN, Washington, Supreme Court, Continental Army, Trump, Capitol, Capitol Police, Police, Biden, Republicans, New, GOP, Florida Gov, Twitter, Agency, ISIS, Hamas, New York Times, University of Texas, Ivy League, “, Harvard, MIT, University of Pennsylvania, Tribune, Microsoft Corp, West Locations: Washington, Florida, Valley Forge , Pennsylvania, Maryland, Iowa, New Hampshire, America, Beirut, Israel, Lebanese, Iran, Red, Sarajevo, Bergen, Gaza, Austin, Tokyo, Hollywood

☆ A 20-year-old brought in $100,000 in 4 months reselling Costco goods on Amazon. He explains the metrics he looks at to select profitable products.
▼ + stars: | 2024-01-07 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Most of the products Dhingra resells fall under the grocery category, like sparkling water, soda, energy drinks, and protein shakes. To find profitable products, he considers two specific metrics. That's why Dhingra is looking for profitable products; he wants something that has "some fluff around the margins," he said. AdvertisementBSR scores and demand evolve, so he's always on the hunt for profitable products. That's why he always likes to have some capital set aside in case he discovers a new, profitable product.

Persons: —, Dhingra, he's Organizations: Service, Costco, Walmart, Business, Amazon

☆ A 32-year-old made an extra $9,000 in 5 months by posting Amazon reviews as a side hustle. She shares how to qualify your posts for commission and the top 5 tips to maximize earnings.
▼ + stars: | 2024-01-06 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

Butterfield gave up on finding additional gigs until she began seeing posts on TikTok about how others were earning commissions from posting review videos on Amazon. She then posted three video reviews, which is the number required by Amazon to get accepted for the on-site commission program. Most of the products she reviews fall into three categories: low-ticket items under $50, high-ticket items over $100, and trending or seasonal items. This is very important because if there are multiple review videos for a product, the last video watched before a purchase is what earns the commission. One thing to note is that trending products can die down quickly.

Persons: Lauren Butterfield, Butterfield, Stanley Organizations: Service, Adobe, Business, Amazon

☆ A British mom who stayed in Denmark's 'maternity hotel' says she had on-call nurses and room service for 3 days after giving birth
▼ + stars: | 2024-01-05 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

AdvertisementIn October 2023, Claire Christensen gave birth to her first child in Copenhagen, Denmark, before checking into a "maternity hotel." The hotel — located in Hvidovre Hospital's maternity ward — allows mothers and their new baby to stay overnight for up to 48 hours after giving birth at no cost, a hospital spokesperson told Business Insider. New mothers in the UK are usually sent home between six and 24 hours after giving birth if they don't require additional care, according to NHS Inform. "Obviously, I was a bit nervous about giving birth in a different country, and I'm not fully fluent yet," she added. After giving birth, Christensen said she and her husband spent two nights and three days in a private room, which had two beds, a crib, and an en-suite shower and bathroom.

Persons: —, Claire Christensen, Claire Christensen Christensen, Christensen, Margot, " Christensen, wouldn't, I'm Organizations: Service, Danish Health Authority, Hvidovre, BI, Bradford, Hvidovre Hospital, Health Locations: Denmark, Copenhagen, Hvidovre, England, Bradford, London

☆ Friday's jobs report will be a big signal for a market looking for good news
▼ + stars: | 2024-01-04 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

"This is a market that's gotten itself a little jazzed up about rate cuts and when they're going to happen," he said. "If the wheels are coming off the economic cart and the Fed has to rush in to stimulate that, that's bad rate cuts, right?" "The good rate cuts are if the path of inflation continues toward the Fed's target. That's a good rate cut. As usual, markets will be looking at more than the headline payrolls number for the health of the labor market.

Persons: Justin Sullivan, Dow Jones, Art Hogan, Riley Financial, Hogan, It's Organizations: Dow, Riley, Federal, Big Tech Locations: San Rafael , California

☆ A TikToker said she worked a full day at Kroger without actually having a job there
▼ + stars: | 2024-01-04 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +3 min

A TikToker said she worked a full shift at a Kroger store for free. AdvertisementA TikToker said she worked a full shift at a Kroger store for free until she was caught by a manager. In a recent video, she entered a Kroger store in Indianapolis and appeared to get to work, saying she wasn't discovered until closing time. Madison appeared to get rumbled, though: A staffer figured out Madison didn't work there after recognizing her from a similar stunt she filmed at Target. "This was my first and last day working at Kroger for free.

Persons: —, wasn't, Madison, Madison's, Kroger, Target . Madison Organizations: Kroger, Service, Madison didn't, Target Locations: Indianapolis, Madison, Target .

☆ Investors see a biotech comeback in 2024 as rates fall, deal-making picks up. Stocks to watch
▼ + stars: | 2023-12-28 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +8 min

Many biotech stocks struggled in 2023 despite a robust year for U.S. drug approvals. "We expect this environment to continue but look forward to the prospect of lower interest rates in 2024." When that happens, Canaccord Genuity said to expect a "strong rally across the biotech sector rewarding innovative, but riskier assets." Analysts have said the rich price reflects the opportunity for ImmunoGen's Elahere cancer treatment , which has quickly established itself as the standard of care for types of ovarian cancer. 'Oversold and cheap' In a research note Friday, Jefferies analyst Michael Yee said "a significant short squeeze" was helping biotech stocks in the fourth quarter.

Persons: Dan Lyons, Janus Henderson, John Newman, Canaccord Genuity, Janus, Lyons, Bristol Myers Squibb, Karuna, AstraZeneca, Eli Lilly, AbbVie, Jonathan Miller, Miller, bode, Jonathan Krinsky, Krinsky, BTIG's, Jefferies, Michael Yee, Yee, NASH, Madrigal, we're, David Risinger, — CNBC's Michael Bloom Organizations: Drug, Federal, Bristol Myers, Karuna Therapeutics, CART, Bristol Myers Squibb, Cerevel Therapeutics, Securities and Exchange Commission, pharma, P Biotech, Nasdaq Biotech, Apogee Therapeutics, Madrigal Pharmaceuticals, Madrigal, resmetirom, Vertex Pharmaceuticals, Leerink Partners Locations: ImmunoGen

☆ Singapore's 'ice cream uncles' are disappearing. Blame old age and bureaucracy.
▼ + stars: | 2023-12-24 | by ( Amanda Goh | ) www.businessinsider.com time to read: +10 min

Most hawkers collect their ice cream and dry ice from wholesale distributors around the country. Lester Ledesma for Business InsiderLiang is one of Singapore's remaining traditional ice cream sellers and part of a bygone era. Buying one from one of Singapore's "ice cream uncles" is almost a right of passage. But Liang, Tan, and many other traditional ice cream sellers in the country find themselves working well into their golden years. In addition to the ice cream cart, the ice cream hawkers often also use big cooler boxes for additional storage.

Persons: hawking, —, Liang, Lester Ledesma, Insider Liang, Kenneth Goh, Chip Guan Heng, Goh, Koh Poh Koon, That's, Koh, Tan Ah Hock, He's, " Tan, Tan, There's, Wang, she's, Chan Yong Leng, Chan, TikTok, Darren Tan, it's Organizations: Service, Business, Insider, Singapore Food Agency, SFA, Social Service Office Locations: Singapore, Orchard

LOS ANGELES (AP) — Prosecutors charged a man Monday with four counts of murder in the fatal shootings of three homeless men in Los Angeles and a suburban resident last month. The Los Angeles resident was then identified as a suspect in the killings of the three homeless men when a firearm found in his car was linked to those shootings, authorities said. The motive for the killings of the homeless victims was not known, Los Angeles Police Chief Michel Moore said during a weekend press conference announcing the arrest. Political Cartoons View All 1277 ImagesJose Bolanos, 37, was found dead with a gunshot wound around 3 a.m. on Nov. 26 in an alley in South Los Angeles, police said. In Orange County, California, a man was charged with killing four homeless men in a series of stabbings from late 2011 to early 2012.

Persons: Jerrid Joseph Powell, Powell, Michel Moore, Jose Bolanos, Mark Diggs, Nicholas Simbolon, “, George Gascón, ”, Itzcoatl Ocampo, Ocampo, cleanser Organizations: ANGELES, — Prosecutors, Los Angeles County, Attorney's, Los, Los Angeles Police, Police, Authorities Locations: Los Angeles, San Dimas, South Los Angeles, Lincoln, Beverly Hills, ”, Angeles County, Las Vegas, Orange County , California

☆ I took my toddler on my babymoon. It wasn't always relaxing or fun but I cherished our last vacation as a family of 3.
▼ + stars: | 2023-12-04 | by ( Emily Hochberg | ) www.businessinsider.com time to read: +5 min

We decided to bring our toddler, which meant the trip wasn't a typical relaxing babymoon. We made small tweaks to ensure a good time, and I cherished our last trip as a family of three. So when I was pregnant with my second daughter in 2023, I knew I wanted to go on a babymoon. I was excited to expand our family, but wanted to fixate my attention on my older daughter while I could. Emily Hochberg/Business InsiderStill, I'm glad we took a babymoon with our toddler.

Persons: —, Greece —, Emily Hochberg, I've, Conrad Punta, she'd, I'd, I'm, didn't, She'll Organizations: Service Locations: Mexico, Greece, Punta, Mita

☆ A couple's garden ornament turned out to be a live 64-pound navy shell
▼ + stars: | 2023-12-03 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

A bomb found in the front garden of a house in the UK preceded both World Wars. The couple said the detonation of the shell was "like the passing of an old friend." The 64-pound naval projectile had been used as a garden ornament for decades. AdvertisementA garden ornament turned out to be a live bomb for a UK couple who had it in pride of place in their garden for decades, the BBC reports. However, their perception of the ornament dramatically changed when a police officer who spotted the bomb alerted the Ministry of Defence.

Persons: —, Sian, Jeffrey Edwards, Morris, Edwards, Pop Morris Organizations: Service, BBC, Ministry of Defence, of Defence, Royal Navy Locations: Milford Haven, Wales

Under an elevated subway track in Queens, Victor José Hernández was whipping up the pepitos that he had perfected at a street cart in Caracas, Venezuela. Just steps away, an Ecuadorean restaurant now displays a big Venezuelan flag and offers karaoke with Venezuelan love songs. And the line for arepas and cachapas (sweet corn cakes) spills out the door of a Venezuelan cafe. Though New York City was built on immigrant neighborhoods — Chinatown, Curry Hill, Little Italy and Little Haiti, among many others — it has never had a Venezuelan neighborhood. Historically, the city’s Venezuelan population was tiny and overshadowed by much larger Hispanic groups, including Puerto Ricans and Dominicans, immigration experts said.

Persons: Victor José Hernández Organizations: New, Puerto Ricans Locations: Queens, Caracas, Venezuela, Roosevelt, Jackson Heights, Elmhurst, Corona, Venezuelan, Little Venezuela, New York City, Curry Hill, Little Italy, Little Haiti

LOS ANGELES (AP) — A Los Angeles man who was already arrested in another shooting investigation has been identified as the suspect in three recent killings of homeless men, police said Saturday. Los Angeles Police Chief Michel Moore said 33-year-old Jerrid Joseph Powell was identified as the suspect in the three killings after authorities determined a firearm found in the vehicle he was driving when he was arrested earlier was linked to the shootings. Powell was arrested this week by Los Angeles sheriff's deputies for investigation of the shooting death and robbery of a 42-year-old man after he returned to his home. Jose Bolanos, 37, was found dead with a gunshot wound around 3 a.m. on Nov. 26 in an alley in South Los Angeles, police said. It was not immediately possible to identify an attorney for Powell, who is due to appear in court Monday.

Persons: Michel Moore, Joseph Powell, Powell, Jose Bolanos, Mark Diggs, “, ” Moore Organizations: ANGELES, Los Angeles Police, Police Locations: Los Angeles, South Los Angeles, Lincoln, Beverly Hills

[1/2] A worker pushes a luggage cart with belongings of Palestinians who are trying to get back into Gaza, at the Rafah border crossing between Egypt and the Gaza Strip, during a temporary truce between Hamas and Israel, in Rafah, Egypt, November 30, 2023. Acquire Licensing RightsRAFAH, Gaza, Nov 30 (Reuters) - About 1,000 Palestinians who were stranded outside the Gaza Strip when war broke out between Israel and Hamas have returned home during the seven-day truce, braving the prospect of renewed bombardment, a Palestinian border official said on Thursday. The war began three days later, when Hamas militants attacked southern Israel. Abu Nader flew to Egypt on Oct. 24 but could not return to Gaza as the Rafah crossing was closed. All Palestine is my home, not just Gaza or the house in al-Nasser, the whole nation is my home," he said.

Persons: Abu Nader, Nasser, MOONSCAPE, Intisar Barakat, Fadi Shana, Estelle Shirbon, Gareth Jones Organizations: Hamas, Reuters, Hospitals, United Nations, Thomson Locations: Gaza, Rafah, Egypt, Israel, RAFAH, Palestinian, Turkey, Nasser, Gaza City, Palestine, al, Cairo

☆ A couple loves Costco so much they had their engagement photos taken in their local store
▼ + stars: | 2023-11-30 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +4 min

They posed in the aisles and with shopping carts, and Costco shared the photos on its Instagram. Nontraditional engagement photos in locations like Olive Garden and Target have become a trend. "We're not very traditional or lovey dovey in in the way that you see in regular engagement photos." In recent years, soon-to-be married couples have taken engagement photos everywhere from Olive Garden to Target, allowing them to show off their personalities, interests, or places that bond them as a couple. AdvertisementSo if you're considering a beloved store for your engagement shoot, Gasser recommends at least looking into it.

Persons: Beth Gasser, Alec Harwerth, —, Gasser, Harwerth, Costco, Booker T, Brown, Brown Photography Booker Organizations: Costco, Service, Brown Photography, Brown, Target Locations: Kansas City , Missouri, Kansas City, Overland Park , Kansas, Olive

☆ Wealth Assistants claimed it would help its clients make money on Amazon. Clients said they 'lost everything' instead.
▼ + stars: | 2023-11-30 | by ( Madeline Stone | Jack Newsham | ) www.businessinsider.com time to read: +17 min

Wealth Assistants also said that if clients didn't break even in the first year, they would get their money back. BI spoke with 16 people who invested between $35,000 and $100,000 each to work with Wealth Assistants and said they lost their money. Ten days later, Wealth Assistants said it laid off its roughly 75 employees and planned to shut down by December 1. Selling customers on the entrepreneur lifestyleMany Wealth Assistants clients said they were drawn by the opportunity to generate passive income. Cart.com sent Wealth Assistants a formal notice of termination in the fall after Wealth Assistants stopped paying its invoices earlier in the year, the representative said.

Persons: Mike Wimmer, Wimmer, they're, I'm, Ryan Carroll, Max K, Max O, —, Carroll, Carroll didn't, we're, Tina Luk, breakeven, Seth Hamilton, Andrew Pou, Suzy Arriola, Saheb Sabharwal, Cart.com, Moe O'Neil, weren't, Max, you've, it's, they've, We've, we've, Madeline Stone, Jack Newsham Organizations: Business, ., Federal Trade Commission, Amazon, Products, Nobu Dallas, Lamborghini, Facebook, Wealth, BI, FTC, DK Automation Locations: China, Texas, Nobu, California, Houston, Pennsylvania, mstone@insider.com

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