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☆ Generation Hustle: Gen Z Is Reshaping Work With More Jobs, Side Hustles
▼ + stars: | 2023-05-09 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +13 min

In the midst of an uncertain economy and precarious job market, Gen Z is turning up the hustle. According to a 2022 survey commissioned by Microsoft, 48% of Gen Z respondents were juggling multiple side hustles at once. Broken promisesWhile young people often work multiple jobs through college and early in their career, Gen Zers are extending the work hustle into their formal careers. But after watching that dream die for millennials, Gen Z isn't buying into what they view as a broken social contract. "So Gen Z has seen there's other ways to make money, even as a kid, through platforms like YouTube."

☆ Warren Buffett's rival for attention at Berkshire weekend: Squishmallows
▼ + stars: | 2023-05-08 | by ( Jonathan Stempel | ) www.reuters.com time to read: +4 min

[1/2] Investors and guests walk by a Squishmallow display during the Berkshire Hathaway Inc in Omaha, Nebraska, U.S. May 5, 2023. On Friday, the start of Berkshire Hathaway Inc's (BRKa.N) three-day shareholder weekend, thousands thronged a convention hall in downtown Omaha, Nebraska, for five hours to buy discounted products from many Berkshire-owned brands. For many, the $9.99 Squishmallows featuring Buffett and Munger, made by Berkshire's recently acquired toy company Jazwares, were the must-have memento. About 10,000 Buffett and Munger Squishmallows were sold, and by Monday they were fetching as much as $255 at auction on eBay. Reporting by Jonathan Stempel in Omaha, Nebraska Editing by Megan Davies and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ What to know about Bluesky, the Twitter alternative that some celebrities and journalists are joining
▼ + stars: | 2023-05-08 | by ( Kalhan Rosenblatt | ) www.cnbc.com time to read: +5 min

While Bluesky's beta was made public in February, buzz surrounding the platform grew in April as more Twitter users began posting about flocking there. Although the Bluesky app has many similarities to Twitter, its key difference is that it is organized around a decentralized system. One person even claimed to sell Bluesky invite codes for more than $190 on eBay. The Bluesky app racked up 375,000 downloads on iOS worldwide as of Wednesday, according to analytics firm Data.ai. Jordan Uhl, a progressive activist with more than 271,000 followers on Twitter, joined Bluesky on April 14.

☆ Dave Clark's Flexport just bought an e-commerce fulfillment company — but the ex-Amazon leader says it will be like 'an extension of the Amazon network' for online sellers, not a competitor
▼ + stars: | 2023-05-07 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +4 min

The acquisition includes Deliverr, an e-commerce fulfillment company Shopify acquired last year. Dave Clark's getting back into the e-commerce fulfillment game, but this time it's different, he told Maria Bartiromo on Fox Business Thursday. Deliverr's core business is e-commerce fulfillment which covers inventory storage, picking and packing, and handing off to delivery companies for online orders. The Amazon comparison points to Fulfillment By Amazon, the company's fulfillment service for sellers. "If you look at who they brought over from Amazon, it's all the people that built domestic transportation at Amazon," said Derek Lossing, an Amazon Logistics alum-turned-investment advisor with Cirrus Global Advisors.

☆ I made $119,000 in sales on Poshmark last year by listing and modeling designer clothes
▼ + stars: | 2023-05-04 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +5 min

She has earned $352,417 on Poshmark since starting resale as a side hustle in 2018. Wyer, who lives in Virginia, has earned $352,417 on Poshmark since she started selling as a side hustle in 2018; Insider verified her income with documentation. Last year, Wyer began hosting live shows on the app and generated $118,967 in sales for 2022. Wyer has generated $352,417 in sales on Poshmark since she started posting on the platform in 2018. I always price things just a little higher than I would like to get, just to have that room for negotiation, but I don't like to price things too high.

☆ Meet Kim Posnett, the powerful Goldman Sachs dealmaker who was just named head of the investment bank's TMT unit
▼ + stars: | 2023-05-03 | by ( Reed Alexander | ) www.businessinsider.com time to read: +10 min

Kim Posnett was just named head of Goldman's all-important TMT investment banking group. Posnett, 43, has long been one of the most senior figures at Goldman's investment bank. Posnett was previously the head of Goldman's investment-banking services unit, which acts as a salesforce for the global IB division. The former co-head of Goldman's TMT franchise will become co-chairman of the unit. The former would result in the IB services group, which functions, in effect, as a sales force.

☆ 9 bits of wisdom that my mentors from PayPal, Facebook, and LinkedIn gave me that I still use today as a CEO
▼ + stars: | 2023-05-02 | by ( Deb Liu | ) www.businessinsider.com time to read: +15 min

Mentors can give us advice and guidance, helping us in ways that others, who are too close to the problem, never can. When I sought her advice, she didn't tell me where I should choose to go; instead, she gave me this kernel of wisdom. He advised me to defer my acceptance and try to get into business school instead. I was about to learn that the skills that make you a great individual contributor PM do not always make you a great manager. If you don't have a mentor, I highly recommend finding one (check out my last post on mentors for tips!).

☆ Our family loved living out of a converted van and bus so much that we started a business so others can share in the joys of #vanlife
▼ + stars: | 2023-04-30 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +9 min

Jake and Gianna Bachowski spent years traveling the country and living on the road with their kids. The couple lived in a van when their oldest child was a baby and a bus when they had their second. As van and bus conversion experts, they help others do the same with their business Our Van Quest. Gianna: Before the van, we'd been trying to figure out how to spend more time together as a family. The Bachowskis' oldest child, Luna, sitting in the van her family lived in while traveling across the country.

☆ Sales, spins and splits — what are the differences and why do they matter for investors like us?
▼ + stars: | 2023-04-30 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +20 min

Investors may get one share in the spun-out entity for every share of the parent company they owned. What's left of J & J will be focused on pharmaceuticals and medical technologies, which were responsible for over 84% of the company's total 2022 revenue of $94.94 billion. It underscores that once free of the parent company tethers a divested company can chart its own destiny. Those priorities may not have necessarily been wrong when considering J & J as the overall enterprise. We believe J & J and Danaher are poised to deliver two more examples.

☆ An ex-Walmart cashier made $6 million in revenue in 3 years selling things online. Here's how she got started and her top 5 tips for print-on-demand products.
▼ + stars: | 2023-04-30 | by ( Laila Maidan | ) www.businessinsider.com time to read: +10 min

It's a low-cost way to sell products online because you don't need inventory. She had purchased an ebook about how to make money online and then realized it had an affiliate link she could promote. Finding something that stuckIt was around this time that she began dabbling with print-on-demand products. The demand was strong from others who were also offering print-on-demand products. She estimates that about 30% of the revenue came from selling her print-on-demand products.

☆ What it was like to pilot the supersonic Concorde jet
▼ + stars: | 2023-04-27 | by ( Francesca Street | ) edition.cnn.com time to read: +28 min

It’s said that during the aircraft’s 27 years of service, there were more qualified American astronauts than there were British Airways Concorde pilots. Supersonic flyingA photo of Concorde pilot Barbara Harmer, Concorde at the controls for a London to New York flight in 1993. Concorde: When supersonic travel was a reality 02:32 - Source: CNNThe small pool of Concorde pilots also meant everyone knew everyone. It would take him back to the day he stood at Heathrow, watching the first commercial Concorde flight take off. Future of supersonic flightAlmost two decades since Concorde’s final flight, the allure of supersonic flight hasn’t waned, with companies such as Boom Supersonic plotting plans for Concorde’s successor.

☆ Futures rise on Meta forecast ahead of key earnings, economic data
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +3 min

SummarySummary Companies Futures up: Dow 0.26%, S&P 0.42%, Nasdaq 0.70%April 27 (Reuters) - U.S. stock index futures rose on Thursday as an upbeat forecast from Meta Platforms lifted social media stocks, with investors looking forward to big-ticket earnings and key economic data. Shares of social media platforms Snap Inc (SNAP.N) and Pinterest Inc (PINS.N) rose 3.4% and 2.8%, respectively. Meta is the second best performer among the S&P 500 stocks with a 74% gain so far this year, next only to Nvidia Corp (NVDA.O). Analysts expect first-quarter earnings to have fallen 3.2% year-over-year for S&P 500 (.SPX) companies versus a 5.1% decline forecast earlier, according to Refinitiv data on Wednesday. ET, Dow e-minis were up 88 points, or 0.26%, S&P 500 e-minis were up 17.25 points, or 0.42%, and Nasdaq 100 e-minis were up 90.25 points, or 0.7%.

The conglomerate reported adjusted first-quarter earnings of $2.07 per share on revenues of $8.86 billion. Southwest Airlines — The airline company's shares slipped 3.4% following a wider-than-expected loss for the first quarter. The pharmaceutical company posted adjusted earnings per share of $2.46, while analysts had estimated $2.51, according to StreetAccount. United Rentals — Shares fell 5.7% after the company's first-quarter earnings came in below expectations. CBRE — Shares of the real estate group soared 8.8% after CBRE's first-quarter earnings announcement buoyed investor sentiment.

☆ Stocks making the biggest moves premarket: Meta, Teladoc, Harley-Davidson, Southwest Airlines and more
▼ + stars: | 2023-04-27 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Teladoc Health – The telemedicine company saw its stock soar more than 7% after revenue topped analyst estimates in the latest quarter. The company also raised the low end of its revenue and adjusted EBITDA guidance, although it posted a wider-than-anticipated loss in the latest quarter. Harley-Davidson – Harley-Davidson jumped 4.4% after the motorcycle maker topped earnings and revenue expectations, according to consensus estimates from Refinitiv. Honeywell International – Honeywell advanced 1.8% after surpassing earnings and revenue expectations in its latest quarter. ServiceNow – Shares declined 1.1% premarket after a 17% runup year-to-date entering its latest earnings.

☆ EBay forecasts upbeat revenue as sneakers, refurbished items drive growth
▼ + stars: | 2023-04-26 | by ( Yuvraj Malik | ) www.reuters.com time to read: +2 min

The upbeat results soothed investor sentiment, which was hit after eBay earlier this year said that demand weakness will persist in the first half of 2023. EBay is expanding listings under refurbished electronics, luxury bags and watches, and the collectibles category. San Jose, California-based eBay now expects June-quarter revenue in the range $2.47 billion to $2.54 billion, higher than analysts' projection of $2.43 billion, according to Refinitiv. Revenue in the most recent March quarter grew 1% to $2.51 billion, also beating analysts' estimate of $2.48 billion. EBay's shares have gained 4.6% so far this year, compared with a 13.3% rise in the tech-heavy Nasdaq index (.IXIC).

☆ 10 Things in Tech: Charlie Bell speaks, Amazon RTO, and the lucrative side of teaching ChatGPT
▼ + stars: | 2023-04-26 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Amazon needs to watch out for Charlie Bell. A founder of Amazon Web Services and the firm's "best person in the room," Bell shook the industry last September when he joined Microsoft. Bell will be overseeing a new cybersecurity division at Microsoft — but insiders at both Amazon and Microsoft wonder if he'll go more directly up against his former employer. My colleague Ashley Stewart examines the growing threat of Microsoft now that Bell is free from his noncompete purgatory. Look into the future here for Bell — and Microsoft — without Amazon's restrictions.

Meta posted $28.65 billion in revenue, topping analysts' $27.66 billion estimate, according to Refinitiv data. Revenue topped estimates, coming in at $741 million versus analysts' estimate of $708.5 million. Ebay said it sees second-quarter per share earnings between 96 cents to $1.01, while analysts had estimated 99 cents per share. Ebay's estimated current-quarter revenue of $2.47 billion to $2.54 billion topped analysts' consensus projection of $2.43 billion. Pioneer Natural Resources — The oil and gas company fell 2.2% after first-quarter earnings topped estimates while revenue missed.

☆ 29-year-old who quit the NFL to sell Pokémon cards: How my side hustle became a company bringing in $8.3 million in 9 months
▼ + stars: | 2023-04-26 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

When Blake Martinez was drafted by the Green Bay Packers in 2016, he didn't foresee leaving the NFL to sell Pokémon cards. Since its launch, Blake's Breaks has brought in more than $8.3 million in revenue, according to documents reviewed by CNBC Make It. Most of them are streamers — people who open and auction items on live streams — hawking everything from Pokémon cards to vintage purses. Selling food and selling Pokémon cards is obviously different, but they both depend on culture. Just last week, I told everyone, "This isn't about making Blake's Breaks money.

☆ Morning Bid: Cloud control - tech trumps banks
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +5 min

Alphabet (GOOGL.O) also gained 1% as it too trumpeted gains in cloud services and AI, alongside plans for a $70 billion buyback. With Meta (META.O) results out later, its stock was up 2% and Amazon (AMZN.O) raced ahead 4%. PacWest Bancorp's (PACW.O) shares jumped 15% in extended trading after the regional lender said deposits have been building recently. And in Europe, Standard Chartered (STAN.L) shares bucked otherwise dour markets on a forecast-beating 21% jump in first-quarter profits. U.S. Treasury markets continued to rally, with yields on 2-year notes dropping below 4% Tuesday and testing 3.9% early today.

☆ EBay forecasts quarterly revenue above estimates
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +1 min

April 26 (Reuters) - Ecommerce firm eBay Inc (EBAY.O) forecast second-quarter revenue above Wall Street estimates on Wednesday, on hopes that it would attract shoppers to its refurbished as well luxury offerings as inflation cools. EBay expects revenue in the range $2.47 billion to $2.54 billion for the quarter ending June. Analysts on average were expecting $2.43 billion, according to Refinitiv. Revenue in the most recent March quarter grew 1% to $2.51 billion, also beating analysts' estimate of $2.48 billion, according to Refinitiv. Reporting by Yuvraj Malik in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ The 5 absolute worst ways to earn passive income, according to a 6-figure entrepreneur who's tried dozens of them
▼ + stars: | 2023-04-23 | by ( Jen Glantz | ) www.businessinsider.com time to read: +8 min

Flipping products, making money through ads, and credit-card bonuses were a waste of her time. At first, I was making passive income as the stocks increased in value, and I sold off a few shares to make a profit. Trying to make passive income in the stock market is risky, especially when you're someone who doesn't fully understand it. In the end, this passive income stream proved to be stressful, time-consuming, and risky. After earning those bonus points, I redeemed them for cash or statement credits, and called that passive income.

☆ Big Tech earnings, crucial inflation call — here comes the biggest week of earnings season
▼ + stars: | 2023-04-22 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Stocks stuck to a holding pattern this week as investors brace for an incoming wave of Big Tech earnings and the Fed's favorite inflation reading. Earnings reports have generally been better than expected so far this first quarter. Humana (HUM) reports before the bell Wednesday; Meta Platforms and Pioneer Natural Resources (PXD) report after the bell Wednesday. ET: Personal Spending & Income (includes PCE Price Index) Club trades this week Just one trade: We added 150 shares of Coterra Energy (CTRA) on Wednesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ What to watch for in the markets in the week ahead: Monster tech earnings, then sell in May?
▼ + stars: | 2023-04-21 | by ( Scott Schnipper | ) www.cnbc.com time to read: +6 min

More than one third (35%) of the S & P 500 reports earnings next week — including megacaps Microsoft, Alphabet, Meta Platforms and Amazon — versus less than 12% in the week just ended and only 2% last week. So far this quarter, S & P 500 earnings are running 4.7% below the same period a year ago, Refinitiv data shows. Back then, the S & P 500 fell 19.4% from its April high to a low on October 3. Meanwhile, next week is the last full trading week before Wall Street's old adage to "sell in May and go away" takes hold. ET: FHFA Home Price index (February); S & P Case-Shiller home price indexes (February) 10:00 a.m.

☆ These vulnerable major stocks could be activists' next targets, according to Goldman
▼ + stars: | 2023-04-21 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Shareholder activism could continue its momentum this year, and a number of major companies could be popular targets, according to Goldman Sachs. "Sales growth has been the most important variable in determining an activist target, followed by EV/sales valuation." Goldman screened the Russell 3000 index for companies that may be susceptible to a campaign by an activist investor. Bath & Body Works could experience more action from activists this year, according to Goldman's screen. In the retail space, Goldman also predicts activists may target Best Buy , Burlington Stores and CarMax .

☆ Goldman picks 4 stocks to play a $5 trillion e-commerce opportunity — including one with 70% upside
▼ + stars: | 2023-04-18 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

E-commerce growth may have slowed post-pandemic, but Goldman Sachs remains bullish on the sector and thinks there is more growth ahead. Stocks to play it Goldman has named a number of e-commerce stock picks, including three that made the bank's global conviction list — a compilation of the bank's top buy-rated picks. Goldman also said China was the world's largest e-commerce market, with an estimated $1.5 trillion in e-commerce sales in 2022, or about 43% of total sales globally. The e-commerce market grew in 2020 as consumers stayed home during pandemic lockdowns. Goldman estimates that global e-commerce penetration jumped by about 6 percentage points in 2020, double the growth rate of the pre-pandemic era.

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