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☆ The story behind hing, one of India's most divisive ingredients
▼ + stars: | 2023-01-12 | by ( Shalbha Sarda | ) edition.cnn.com time to read: +4 min

The resin from its roots is used in Indian cooking – usually after it’s ground into powder and mixed with flour. At the Khari Baoli market in old Delhi, for instance, hing even manages to ‘out-smell’ all the other spices. Despite the culinary diversity of India, hing is a constant.”Jains, for example, eschew onion, garlic and ginger in addition to not eating meat. The history of hingSome scholars credit Alexander the Great for first bringing hing to India. Nevertheless, Indians have had their encounter with hing now; it came, it saw, and it stayed.”The professor adds that hing was used in some Greco-Roman cooking but didn’t last long.

Persons: ‘ Asa ’, it’s, hing, Hing, Siddharth Talwar, Rhea Rosalind Ramji, Ramji, Talwar, Alexander the Great, ”, Ashish Chopra, “, umami, asafoetida Organizations: CNN, The, Showbiz Chefs, hing, National Library of Medicine Locations: Afghanistan, Iran, Uzbekistan, India, Delhi, Worcestershire

☆ Pessimism among UK consumers perks up as inflation peaks - poll
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +1 min

LONDON, Jan 12 (Reuters) - British consumers turned a little bit less pessimistic in December as inflation started to fall back from historic highs, a survey published on Thursday showed. Polling firm YouGov and consultancy Cebr said their overall consumer confidence index rose by 1 point from November although at 95.9 it remained stuck in negative territory. The survey showed consumers were worried about the loss of value of their homes but they were more confident about the outlook for their finances. Britain's inflation rate hit a 41-year high of 11.1% in October but eased off to 10.7% in November. A separate survey of consumer confidence conducted by polling firm GfK last month also showed a slight increase in optimism in December but figures published earlier this week showed consumer spending lagged inflation.

☆ What to expect at work this year
▼ + stars: | 2023-01-11 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +9 min

New York CNN —The pandemic has transformed work over the past three years in ways few expected. Work flexibility is here to stay, and may improve for front-line workersWhile there is still tension between executives and employees about how many days people should be physically present at work, hybrid work and work flexibility isn’t going away. “The big shift is in recognizing our work force is in trouble,” McRae said. Roughly 70% of workers say they’re already doing work outside of their job, according to Deloitte. One recent example, cited in Deloitte’s latest work report, comes from M&T Bank, a leading Small Business Administration lender.

☆ Australia retail sales jump in November, inflation resumes climb
▼ + stars: | 2023-01-11 | by ( Wayne Cole | ) www.reuters.com time to read: +2 min

Data from the Australian Bureau of Statistics (ABS) on Wednesday showed retail sales jumped 1.4% in November from October to a record A$35.9 billion ($24.7 billion). "High jet fuel prices combined with strong consumer demand in November pushed airfare prices up, with accommodation prices also rising," said Michelle Marquardt, ABS Head of Prices Statistics. The combination of robust consumption and still rising inflation underline the challenge facing the Reserve Bank of Australia (RBA) as it tries to cool the economy. "That underlines that interest-rate sensitive spending categories are feeling the pinch from the RBA's aggressive tightening last year," said Thieliant. ($1 = 1.4512 Australian dollars)Reporting by Wayne Cole; Editing by Muralikumar Anantharaman and Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

☆ Georgia’s Brock Bowers Is the Vanguard of College Football’s Tight End Evolution
▼ + stars: | 2023-01-09 | by ( Rachel Bachman | ) www.wsj.com time to read: 1 min

Tight ends used to do the dirty work in college football, blocking for teammates and catching short passes in a pinch. These days, a new version of the offensive end who lines up next to the tackle is reshaping the game, and Georgia’s Brock Bowers is its cutting-edge example. As the Bulldogs prepare to defend their national championship against Texas Christian on Monday night, Bowers leads Georgia in receiving yards and touchdowns for the second season in a row. He’s part of a growing wave of tight ends nationwide whose roles are expanding to include more pass-catching.

☆ Tesla stock is showing signs of 'retail exhaustion' as it undergoes a historic sell-off, research indicates
▼ + stars: | 2023-01-05 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

Retail investors are beginning to reduce purchases of Tesla as the stock undergoes a historic sell-off. "We are seeing the first signs of retail exhaustion in TSLA," said Vanda Research in a weekly update published Thursday. Tesla stock was down during Thursday's session, by 3% at $110.10 each. While Tesla's stock price was under pressure last year, retail investors loaded up on the shares. Some investors and analysts said Tesla CEO Elon Musk's focus on his newly acquired Twitter and his multi-billion dollar sales of Tesla stock has hurt the car maker's shares.

☆ Investors anxiously await jobs report for clues about Fed rate hikes
▼ + stars: | 2023-01-05 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +7 min

Traders are betting on a further deceleration in jobs growth because that could lead to a reduction in the size of interest rate hikes by the Federal Reserve. Further strength could set off more alarm bells about inflation and Fed rate hikes. Focus on worker payWall Street will also need to dive even deeper into Friday’s jobs report to get a better sense of what’s happening in the economy. Investors cheered the fact that wage growth, measured by average hourly earnings, rose only 4.7% over the previous 12 months in October. Big Tech keeps handing out pink slipsOverall, the jobs market is still in good shape.

☆ Cyber Chiefs Face Scrutiny and Challenges in 2023’s Uncertain Economy
▼ + stars: | 2023-01-04 | by ( James Rundle | Catherine Stupp | ) www.wsj.com time to read: +5 min

That leaves security teams, in real terms, working with fewer resources, Ms. Huth said. Inflation is pushing wage demands higher and the scarcity of cyber professionals—particularly within highly technical industries such as power—means security staff are in demand, Mr. Bojar said. Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. Cyber staffs will need to vet third-party services while installing safeguards against new avenues hackers could exploit, Kohler’s Ms. Huth said. Retail giant Amazon.com Inc. hopes to grow its security team, said Chief Security Officer Stephen Schmidt, despite a company-wide hiring freeze and layoffs for up to 10,000 workers elsewhere in the company.

☆ GOP Rep. Byron Donalds dismisses risks of prolonged House speaker vote chaos, says Biden 'is right down the street' if an actual crisis erupts
▼ + stars: | 2023-01-04 | by ( Warren Rojas | ) www.businessinsider.com time to read: +3 min

Republican Rep. Byron Donalds blew off concerns about the ongoing House speaker fight. House lawmakers can't legally do anything until they are sworn in by an elected speaker. "The President of the United States is right down the street," Donalds said of the Biden backstop. "We all know that if a national security crisis arises, the President of the United States is right down the street. The House remains paralyzed until a speaker is named, because elected members are legally powerless — unable to introduce bills, do committee work, or pass laws — until they are formally sworn in by a duly elected speaker.

☆ More U.S. consumers want EVs but prices are a concern - Deloitte survey
▼ + stars: | 2023-01-04 | by ( ) www.reuters.com time to read: +2 min

Jan 4 (Reuters) - More U.S. consumers want to buy an electric vehicle (EV) but are concerned about rising prices, while fewer aimed to purchase gasoline-powered vehicles, a survey by consulting firm Deloitte showed on Wednesday. Nearly 7 in 10 prospective EV buyers in the United States expect to pay less than $50,000 for their next vehicle, according to the survey conducted between September and October 2022. More than half of the respondents in the survey said a lack of affordability was the biggest concern when it comes to EV adoption, at a time when top EV makers are raising prices amid high inflation. Internal combustion engine purchase intent dropped to 62% from 68%. "Although historically high transaction prices are a significant challenge for consumers, a strong desire to reduce refueling costs is driving EV purchase intent around the world," Deloitte LLP vice chair and U.S. automotive leader Karen Bowman said.

☆ Dry January is almost here. Here are 7 of our favorite, tasty non-alcoholic beverages to enjoy all month
▼ + stars: | 2022-12-30 | by ( Bethany Biron | ) www.businessinsider.com time to read: +8 min

Dry January is almost upon us, and people around the world are gearing up for a booze-free month. The non-alcoholic beverage market is booming, with sales up 7% to become a $11 billion market in 2022. Here are some of our favorite booze-free options to enjoy all month long, and beyond. In addition to containing zero alcohol, it also has zero calories, zero carbohydrates, and zero gluten, making it a health-conscious option as well. The fizzy beverage has become a fan favorite on social media, with several TikTok posts dedicated to the drink.

☆ Here's why eggs cost so much
▼ + stars: | 2022-12-30 | by ( Delon Thornton | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why eggs cost so muchAmericans continue to feel the pinch at the grocery store, as inflation and supply chain issues have caused food prices to soar. Eggs have jumped 49 percent in the past year, even though chicken prices have been falling. Here's why.

Some airlines, including Southwest, no longer have automatic agreements in place that allow for rebooking on another airline free of charge, she said. He and his family spent Christmas in Austin, Texas, and intended to fly home to Raleigh, North Carolina, on Dec. 26 via Southwest. “What are you going to do if the airline can’t save you?” Bangs said. Sallyann Koontz got stuck in Austin after her Southwest Airlines flight home to Charleston, South Carolina, was canceled. "It has served the public with affordable flights and possibly allowed travel for less affluent families for decades," Koontz said of the airline.

☆ The 10 biggest losers in the S&P 500 this year have erased $1.6 trillion in market value
▼ + stars: | 2022-12-27 | by ( Carla Mozée | ) www.businessinsider.com time to read: +9 min

In a losing year for US stocks, here are the 10 biggest percentage decliners on the S&P 500. The 10 largest S&P 500 stock losers wiped out $1.6 trillion in market value. The 10 S&P 500 companies that have experienced the largest stock-price declines heading into the end of 2022 have wiped out a combined market value of more than $1.6 trillion. PayPalTicker: PYPLYTD Performance: -63.4%Market Value Decline: $142.49 billionLike many tech companies, the digital payments processor is seeing a slowdown after a pandemic boom. Photo by George Frey/Getty ImagesTicker: GNRCYTD Performance: -73.8%Market Value Decline: $16.6 billionMass COVID lockdowns helped sparked big demand for backup generators as people worked and studied at home.

☆ New retirement account rules make it easier to tap savings early for emergencies
▼ + stars: | 2022-12-27 | by ( Greg Iacurci | ) www.cnbc.com time to read: +7 min

But they said the rules also amount to another source of so-called "leakage" that run contrary to the overall goal of retirement savings: to build a nest egg for the future. Participants can also access 401(k) savings via loans or non-hardship withdrawals. Non-hardship distributions also hit an all-time high in October — almost 0.9% of participants took one that month, according to Vanguard. And the share of workers taking 401(k) loans rose to 0.9% in October from 0.8% at the beginning of 2022. Beyond the apparent acute financial need among households, hardship withdrawals carry negative repercussions like tax penalties.

☆ 'The music stopped': 6 founders tell how they survived this year's bursting VC funding bubble, customers unwilling to spend, and a graveyard of fallen startup peers
▼ + stars: | 2022-12-27 | by ( April Joyner | ) www.businessinsider.com time to read: +11 min

This year's economic caution marked a huge contrast to 2021's exuberance and record VC funding. Insider spoke with six founders about how they've handled the abrupt switch from market exuberance to economic caution. But at the same time, they said, they've sought to pounce on new opportunities created by the economic downturn. ElektraShifting landscapes, changing prioritiesAfter a year of record venture capital funding, the abrupt shift in investor sentiment hit hard in 2022, founders told Insider. Artificial intelligence startups are the latest beneficiary of VC hype, buoyed by breakthrough software tools such as DALL-E and ChatGPT.

☆ Don’t want that item? Returning it could cost you
▼ + stars: | 2022-12-27 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

It could cost you to return it online. Shoppers have become accustomed to free shipping and free returns in recent years, but Zara, H&M, J.Crew, Anthropologie, Abercrombie & Fitch and other chains are now slapping on fees of up to $7 to return items online. That’s a strain on retailers: For every $1 billion in sales, the average retailer incurs $165 million in merchandise returns, according to the NRF. Charging customers for online returns is just one of the ways retailers are trying to crack down on the cost of returns and prevent clothes from piling up in warehouses. Others are mulling a “returnless refund” policy, where they hand customers their money back and let them keep or donate items they don’t want.

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☆ New sanctions starting to bite Russia's economy as Moscow admits deficit impact
▼ + stars: | 2022-12-27 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Russian President Vladimir Putin speaks during a news conference after a meeting of the State Council on youth policy in Moscow, Russia, December 22, 2022. The latest round of Western sanctions against Russia over its invasion of Ukraine are beginning to pinch the country's economy. However, Moscow should be able to finance the shortfall through domestic bond issuance and its rainy day fund, officials have suggested. The 27 countries of the EU also agreed in June to ban the purchase of Russian crude oil from Dec. 5. "High-frequency data show that Russian oil exports have fallen since the sanctions were introduced and the spread between Brent crude oil prices over Urals oil prices widened to a six-month high [last] week."

☆ A weak economy will test consumers' wanderlust, but these stocks could prove resilient in 2023
▼ + stars: | 2022-12-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

The U.S. Travel Association anticipates domestic leisure travel demand will hold up, although growth may be a bit slower in 2023. The stock has an average analyst rating of buy and 47% upside to the average price target, according to FactSet. Marriott has an average analyst rating of overweight and 13.5% upside to the average analyst price target, per FactSet. Norwegian has an average analyst rating of overweight and nearly 27% upside to the average analyst price target, while Royal Caribbean has an average analyst rating of overweight and about 24% upside to its average price target. However, Carnival has an average analyst rating of hold and 24% upside to the average price target.

☆ Analysis: As Bank of Japan switches gears, roaring dollar hits the skids
▼ + stars: | 2022-12-20 | by ( Amanda Cooper | ) www.reuters.com time to read: +5 min

Reuters GraphicsThe dollar has risen 9% this year, as the Federal Reserve has jacked up interest rates to combat inflation at 40-year highs. As other central banks, from the Bank of England, to the European Central Bank, and the Reserve Bank of Australia, have raised their own rates, dollar bulls have run out of puff. The close relationship between Japanese monetary policy and U.S. Treasuries adds another twist to the story. It all boils down to whether Japanese investors have hedged their Treasury exposure or not, he said. But the stress is on "at the margin", not least because of the sheer size of Japanese investors' holdings of U.S. debt, analysts said.

☆ Worker demands for more money on the job hit a record level, a New York Fed survey finds
▼ + stars: | 2022-12-20 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

The level surpassed the $73,283 record reached earlier this year in March, which it had more recently dipped below. The continued strength in the labor market will will put pressure on companies to keep using price as a lever to make back some of the margin lost to labor costs. This approach to offering more pay doesn't tie them into salary increases which can't be easily reversed, and also does not factor into the wage inflation trend for long. But for now Powell is stuck with a labor market that isn't relenting to Fed policy as quickly as hoped. "We do see a very, very strong labor market, one where we haven't seen much softening, where job growth is very high, where wages are very high.

☆ Candidates empowered by labor shortages are ghosting prospective employers. Here's why.
▼ + stars: | 2022-12-19 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +4 min

In an October survey by ZipRecruiter, 21.6% of respondents said they'd "ghosted" a prospective employer during their latest job hunt. Kelly added that he thought labor shortages in both the US and Canada were empowering workers to cut off communication. Before accepting a job, Gray always checks out company reviews on sites like Glassdoor and examines the social-media profiles of the senior-leadership team. Gray once ghosted a prospective employer after an initial interview. She told Insider she's trying to become a "reformed ghoster" and make a conscious effort to offer specific feedback if she felt a prospective employer wasn't the right fit.

If you're part of an online bank, transactions aren't processed on holidays. We've included a list of holidays when most banks close, plus alternatives for accessing cash if you need money quickly. Others, like TD Bank and Regions Bank, have separate pages with bank holiday schedules. Customer service availability will usually stay the same with online banks, but there are some exceptions. Most banking transactions don't process on bank holidays, regardless of whether you use an online or brick-and-mortar bank.

☆ The surprise lettuce crisis cost Olive Garden's owner as much as $5 million in 3 months
▼ + stars: | 2022-12-18 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Olive Garden has lost nearly $5 million in the space of three months, its parent firm's chief financial officer said. At its quarterly analyst call for its fiscal Q2 2023, Darden Restaurants chief financial officer Raj Vennam estimated that issues with lettuce production cost between $4 million to $5 million. Darden has faced mounting costs this year, with Vennam saying costs are up 20% for chicken and dairy year on year. The hit from rising prices for lettuce — a bedrock of Olive Garden's never-ending salad — was a shock. It was, call it, $4 million to $5 million impact in the quarter, that's meaningful," Vennam said.

☆ Charging an electric car isn't as simple as pumping gas. Here's what to know.
▼ + stars: | 2022-12-16 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

There are two main things to know about EV charging: charger types and connector types. These slightly faster chargers – averaging about 25 miles of range per hour – can also be installed in your home. Depending on the size of your battery, a DC fast charger can replenish an empty battery to about 80% in a half hour. Tesla's Superchargers, which only work on Tesla vehicles because of the proprietary connector, are DC fast chargers. But non-Teslas can also plug into a DC fast charger that is not owned by Tesla.

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