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☆ Insurance Technology Spend Forecast: What's Driving Growth for P&C and Life Insurers in the US, UK, and Canada
▼ + stars: | 2022-10-20 | by ( Insider Intelligence | ) www.businessinsider.com time to read: +4 min

US, UK, and Canadian insurers are striving to digitize their entire businesses to enhance their customer experience and cut costs. And overall IT/tech spend will begin climbing again from 2020 to 2024 across both insurance lines in all three countries. Insider IntelligenceBelow, we outline the growth of US, UK, and Canadian P&C and life insurers' IT/tech spend. US IT/tech spendUS P&C insurers and life insurers' expected tech spend growth rates dropped by 9.6 and 10 percentage points, respectively. UK IT/tech spendUK life insurers ramped up tech investments by 11.4% between 2018–2019—almost double P&C insurers' growth rate—and consequently their tech spend growth rates dipped more than their P&C counterparts amid pandemic disruption.

☆ This couple started their business with just $5,000. Now it brings in $5 million a year—with Kevin O'Leary as an investor
▼ + stars: | 2022-10-19 | by ( Jamie | Brian Ratner | ) www.cnbc.com time to read: +4 min

It was important to understand every facet of our business, from social media to customer service, before we made any costly decisions. I also did my best to connect with every local parent-teacher association, business owner and media outlet. Great customer service will get you far. It was a tough negotiation, but we landed a deal with Kevin O'Leary for $600,000 in exchange for 19% equity. O'Leary and his team have helped us immensely in growing the business nationally and weathering the pandemic.

☆ Which Charitable Contributions Are Tax Deductible?
▼ + stars: | 2022-10-18 | by ( ) www.wsj.com time to read: +11 min

As a result, the number of people who can claim charitable donations fell from about 1 in 3 before the law to 1 in 10 today. The upshot is that charitable donations are still a valuable potential deduction—but only for the right kind of taxpayer. Who qualifies for charitable tax deductionsEvery taxpayer has a choice between itemizing their deductions and claiming the standard deduction. Note that for tax years 2020 and 2021, the IRS let people claim a $300 charitable deduction even if they didn’t itemize, but that allowance has expiredWhat kind of giving qualifies for the charitable tax deductionContributions to officially registered charities, which are designated with a special tax code like 501(c) (3), may be deductible on your federal tax return (and possibly your state tax return). But in typical IRS fashion, there are special rules that determine whether and how much of your charitable donations are deductible.

REUTERS/Lindsey WassonWASHINGTON, Oct 17 (Reuters) - When a Washington state beauty salon charged Simran Bal $1,900 for training after she quit, she was shocked. Register now for FREE unlimited access to Reuters.com RegisterNearly 10% of American workers surveyed in 2020 were covered by a training repayment agreement, said the Cornell Survey Research Institute. The practice, which critics call Training Repayment Agreement Provisions, or TRAPs, is drawing scrutiny from U.S. regulators and lawmakers. While waiting to complete the training, Bal worked at the front desk, which paid less. The International Brotherhood of Teamsters said in comments that training repayment demands were "particularly egregious" in commercial trucking.

☆ Futures tick down ahead of big bank earnings, retail sales data
▼ + stars: | 2022-10-14 | by ( Bansari Mayur Kamdar | ) www.reuters.com time to read: +3 min

The lenders are set to report their earnings later in the day. "The size of these provisions will be the clearest indication of the scope of the consumer crisis that's expected in the coming quarter." ET, Dow e-minis were down 49 points, or 0.16%, S&P 500 e-minis were down 7.25 points, or 0.2%, and Nasdaq 100 e-minis were down 39.5 points, or 0.36%. Apart from banks' earnings, U.S. retail sales data at 8:30 am ET is also on investors' radar to get clues on demand as the Federal Reserve aggressively raises rates to fight inflation. However, by close, Wall Street dramatically rebounded from the selloff, advancing over 2% helped by technical support and investors covering short bets.

☆ Global markets like 'whack-a-mole', volatility, liquidity are issues - bank execs
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Oct 14 (Reuters) - Trying to navigate through global market stresses is like "whack-a-mole," Citigroup Inc (C.N) CEO Jane Fraser said on Friday, as she added the bank is constantly stress testing scenarios. Wall Street banking executives said they were keeping a close watch on markets, after the volatility in the U.K., with liquidity a particular focus. That shook broader markets with U.S. yields surging along with those on British government debt. Europe "is at the centre of the storm" with continued energy supply constraints impacting some clients, Fraser said. Fraser added that large global institutions like Citi had a role in supporting the market as it was in a strong capital position.

Last month, it unveiled plans to spin off its Canadian oil sands assets into a new publicly traded company, which surprised many industry watchers. McCrea expects the recent trend of takeovers of private Canadian oil companies by larger companies to continue rather than the IPO route. The last time a new Canadian energy listing appeared on the TSX was in January when Calgary-based Kiwetinohk Energy Corp (KEC.TO) shares started trading. read moreNow, energy stocks have become a refuge for investors facing a sell-off in high growth sectors. Some energy investors welcomed the idea of more Canadian oil and gas listings.

☆ Analysis: As markets fret, Fed officials reject idea of rising financial stability risks
▼ + stars: | 2022-10-13 | by ( Michael S. Derby | ) www.reuters.com time to read: +6 min

Tobias Adrian, the International Monetary Fund's monetary and capital markets director,wrote on Tuesday that financial stability risks have risen "substantially." Fed officials have lifted the federal funds rate from near-zero levels in March to the current range of between 3.00% and 3.25%. Financial markets expect the Fed to raise the rate again by three-quarters of a percentage point at its next policy meeting in November. More rate rises are very likely after that, with central bankers penciling in a 4.6% federal funds rate by some point in 2023. Making financial conditions more restrictive is key to how monetary policy operates.

☆ Prime Day 2022 ends tonight: 80+ best deals to shop ahead of Black Friday
▼ + stars: | 2022-10-12 | by ( Zoe Malin | Zoe Malin Is The Associate Updates Editor For Select On Nbc News. | ) www.nbcnews.com time to read: +17 min

Prime Early Access Sale: The best dealsBelow, we’re sharing the best deals from the Prime Early Access Sale based on our previous coverage and reporting. 4.7-star average rating from 2,378 reviews on AmazonThis indoor gardening system allows you to grow herbs indoors year round. 4.6-star average rating from 72,050 reviews on AmazonThe Keurig K-Mini is one of our favorite single-serve coffee makers. Prime Early Access Sale: The best sales on AmazonHere are the best Prime Day sales on Amazon right now that we think you’ll want to know about. Prime Early Access Sale: The best sales at other retailersIn addition to Amazon, the following retailers are offering Prime Day sales we recommend.

☆ Amazon October Prime Day: 50+ best deals to shop ahead of Black Friday
▼ + stars: | 2022-10-12 | by ( Zoe Malin | Zoe Malin Is The Associate Updates Editor For Select On Nbc News. | ) www.nbcnews.com time to read: +15 min

For the first time in Prime Day’s history, Amazon is hosting two Prime Day-like events in the same year. Prime Early Access Sale: The best dealsBelow, we’re sharing the best deals from the Prime Early Access Sale based on our previous coverage and reporting. 4.7-star average rating from 2,378 reviews on AmazonThis indoor gardening system allows you to grow herbs indoors year round. Prime Early Access Sale: The best sales on AmazonHere are the best Prime Day sales on Amazon right now that we think you’ll want to know about. Prime Early Access Sale: The best sales at other retailersIn addition to Amazon, the following retailers are offering Prime Day sales we recommend.

☆ Crypto Advocacy Group Sues U.S. Treasury Over Tornado Cash Sanctions
▼ + stars: | 2022-10-12 | by ( Mengqi Sun | ) www.wsj.com time to read: +4 min

A cryptocurrency research and advocacy group has filed a lawsuit challenging the U.S. Treasury Department’s sanctions against cryptocurrency mixer Tornado Cash. In August, OFAC imposed sanctions on Tornado Cash, a currency mixer that enables users to co-mingle their funds in order to obfuscate ownership. OFAC accused Tornado Cash of laundering billions of dollars in virtual currency, including $455 million allegedly stolen by North Korean hackers. In September, however, OFAC clarified that the sanctions placed on Tornado Cash don’t prohibit U.S. individuals or businesses from interacting with open-source code itself, as long as it doesn’t involve a prohibited transaction with the Tornado Cash platform. The Coinbase suit also argues that these sanctions exceed Treasury’s statutory authority and infringe on the plaintiffs’ constitutional right to privacy.

☆ October Prime Day: 45+ best deals from Crest, Keurig and more
▼ + stars: | 2022-10-12 | by ( Zoe Malin | Zoe Malin Is The Associate Updates Editor For Select On Nbc News. | ) www.nbcnews.com time to read: +14 min

For the first time in Prime Day’s history, Amazon is hosting two Prime Day-like events in the same year. Prime Early Access Sale: The best dealsBelow, we’re sharing the best deals from the Prime Early Access Sale based on our previous coverage and reporting. 4.6-star average rating from 72,050 reviews on AmazonThe Keurig K-Mini is one of our favorite single-serve coffee makers. Prime Early Access Sale: The best sales on AmazonHere are the best Prime Day sales on Amazon right now that we think you’ll want to know about. Prime Early Access Sale: The best sales at other retailersIn addition to Amazon, the following retailers are offering Prime Day sales we recommend.

For the first time in Prime Day’s history, Amazon is hosting two Prime Day-like events in the same year. The best October Prime Day gift dealsBelow, we’re sharing the best Prime Day deals based on our previous coverage and reporting. This pillow is a great gift for anyone who could use a good night’s rest (so, everyone). This is a great gift this holiday season for those always on the go, like students. 4.5-star average rating from 2,627 reviews on AmazonSunscreen is a must for everyone, as numerous dermatologists have reminded us.

☆ The best beauty and wellness deals from the Prime Early Access Sale
▼ + stars: | 2022-10-11 | by ( Gabriella Depinho | Gabriella Depinho Is A Production Coordinator For Select On Nbc News. | ) www.nbcnews.com time to read: +4 min

SKIP AHEAD Prime Day Beauty and Wellness sales on Amazon | Prime Day Beauty and Wellness sales at other retailersWhether you’re planning to add a new step to your skin care routine or invest in your sleep setup, Amazon is offering notable discounts on water flossers, facial cleansers and hair tools during the Prime Early Access Sale. To help you make the most of the fleeting shopping holiday, we compiled some of the best Prime Day beauty and wellness deals and sales live on Amazon, plus highlighted other notable deals from counter sales at other retailers. The best Prime Day Wellness and Beauty dealsBelow, we’re sharing the best Prime Day wellness and beauty deals based on our previous coverage and reporting. The best Prime Day Wellness and Beauty sales on AmazonHere are the best Prime Day wellness and beauty sales on Amazon right now that we think you’ll want to know about. The best Prime Day wellness and beauty sales at other retailersIn addition to Amazon, the following retailers are offering Prime Day beauty and wellness sales we recommend.

☆ I'm a former Trader Joe's employee who tried every pumpkin-spice-flavored item at my local store. Here's what I'd buy again, and the one thing I hated.
▼ + stars: | 2022-10-11 | by ( Rosa Jisoo Pyo | ) www.businessinsider.com time to read: +7 min

I tried all 11 pumpkin-spice-flavored items available this fall at my local Trader Joe's store. The pumpkin-spice espresso beans — crunchy espresso beans covered in pumpkin-spice chocolate — were my favoriteTrader Joe's pumpkin-spice espresso beans. There were 4 types of pumpkin-spice cookies on offerTrader Joe's pumpkin-spice cookies were the only pumpkin-shaped item on offer. The Pumpkin Spice Batons were mehTrader Joe's Pumpkin Spice Batons. If you like Starbucks' Pumpkin Spice Lattes, get Trader Joe's pumpkin-spice coffeeTrader Joe's pumpkin-spice coffee.

☆ ‘Game of Thrones’ ended with a thud. But ‘House of the Dragon’ has caught fire
▼ + stars: | 2022-10-09 | by ( Frank Pallotta | ) edition.cnn.com time to read: +3 min

New York CNN Business —HBO has created a kingdom of hits, with none as popular as “Game of Thrones.” But “Game of Thrones” ended with a thud in 2019 when critics and fans were unhappy with the fantasy epic’s ho-hum conclusion (Bran Stark on the Iron Throne? Create more “Game of Thrones,” of course. Enter “House of the Dragon,” a prequel that takes place almost 200 years before the events of its predecessor and focuses on the Targaryen family. To put that number into context, season seven of “Game of Thrones” averaged 32.7 million viewers per episode, and season 8, its final season, averaged 46 million viewers. (It doesn’t hurt that “Game of Thrones” is pretty much like watching sports, albeit with more dragons.)

☆ A wave of restaurant operators and high-profile chains like Chipotle and Burger King are investing millions in innovation amid a slowdown in food-tech funding. Here are 10 investing in ghost kitchens,
▼ + stars: | 2022-09-29 | by ( Nancy Luna | ) www.businessinsider.com time to read: +10 min

"My dad says I'm taking the joy out of a restaurant," Frischling said. "If this industry doesn't keep up, we're not going to have so many restaurants," Frischling told Insider. Frischling is part of a wave of restaurant operators and high-profile chains investing millions in the industry's future. Over the years, Chipotle, Inspire Brands, and Restaurant Brands International — the owner of Burger King and Popeyes — have invested in autonomous-delivery vehicles, ghost kitchens, and digital-ordering software. IGC HospitalityThe New York restaurant company, also known as In Good Company Hospitality Group, invested in the restaurant-tech firm MarginEdge in 2021, according to PitchBook.

☆ How this 31-year-old turned his side hustle into a $300,000 vending machine business: 'I only work 4 hours a week'
▼ + stars: | 2022-09-29 | by ( Marcus Gram | ) www.cnbc.com time to read: +5 min

Today, at 31, I have a thriving vending machine business that brings in more than $300,000 a year in sales. But one day, a new side hustle idea sparked when my friend saw a woman taking cash out of a vending machine. But I kept at it, and now I have 21 vending machines throughout Baltimore, Philadelphia, Detroit, and Washington, D.C. Look to see if there are vending machine warehouses in your city, and on platforms like Craigslist, Facebook Marketplace and eBay. There are also local vending machine warehouses that sell food and beverage products, like Pinnacle Vending in Philadelphia.

☆ There's an ESG backlash inside the executive ranks at top corporations
▼ + stars: | 2022-09-29 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +8 min

Only 25% of CFOs surveyed by CNBC support the SEC's climate disclosure proposal, according to the survey. More than half (55%) of CFOs are opposed to the SEC climate rule, and 35% say they "strongly oppose" it. Proving climate materialityA critical issue for CFOs with the new SEC climate disclosure is the lack of a clear correlation between the climate data and financial statements. The first task for CFOs on climate disclosure, Clayton says, is to be candid with investors and stakeholders about this disconnect. "We are not blanket defenders of ESG," said Martin Whittaker, founding CEO of ESG research nonprofit Just Capital, which releases an influential ranking of top companies on ESG annually.

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In an emailed statement, Monica Medina, the U.S. official leading its treaty negotiations, said the country was committed to ending plastic pollution by 2040. Japan's vice minister for global environmental affairs, Hiroshi Ono, said he knew of a proposed coalition on plastic involving the United States but declined further comment. "We don't need a treaty for countries to decide themselves what their national actions should be. We need a treaty that can actually add on top of that," said Eirik Lindebjerg, global plastics policy manager at WWF, calling such an approach a "light touch." Calls for tougher global measures such as those focused on plastic production have also met resistance from the powerful oil and petrochemical firms that make plastic.

☆ Amazon Prime Day 2022: What we know about the October sales event
▼ + stars: | 2022-09-26 | by ( Zoe Malin | Zoe Malin Is The Associate Updates Editor For Select On Nbc News. | ) www.nbcnews.com time to read: +15 min

This is the first time Amazon is hosting Prime Day twice in one year, but it’s not the first time Prime Day has been scheduled for October. Because you know another one will be around the corner soon enough.”Do I need a Prime membership to get Amazon Prime Day discounts? July 2022 Prime Day bestsellersEvery year, Amazon announces bestselling Prime Day products worldwide as well as in select countries. One of the biggest differences between July’s Prime Day and October’s Prime Day is consumer mindset. One of the biggest differences between July’s Prime Day and October’s Prime Day is consumer mindset.

☆ Chief revenue and sales officers can earn up to $290,000 in a startup. Here's what the roles involve — and the key skills you need to land them.
▼ + stars: | 2022-09-26 | by ( Nina Anika Klotz | Nathan Rennolds | Business Insider Deutschland | ) www.businessinsider.com time to read: +6 min

Chief revenue and sales officers are C-suite executives who are in charge of sales and marketing. Simon Vogt is a cofounder and the chief sales officer, or CSO, of &Charge, an electric-mobility startup. "I've always liked working with people," Sascha Koppe, the chief revenue officer, or CRO, of 1Komma5°, a climate-technology startup, said. She told Insider that CROs focus on sales, marketing, and customer service. Salaries"Regardless of the title, revenue board roles in sales, marketing, or growth are compensated much like CEOs and COOs," van Hettinga said.

☆ The UK’s ‘Trussonomics’ crashes the pound and leaves investors shaking their heads
▼ + stars: | 2022-09-26 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Here’s the deal: The British pound tumbled to a record low against the US dollar on Monday as investors around the world dumped UK assets. For the first time in history, the pound is on track to hit parity with the dollar before the end of the year. Part of the pressure on the pound comes from the strong dollar, which has gotten a boost from the Federal Reserve’s interest rate hikes. But the pound is also falling against the euro, signaling broader concerns about the UK’s financial health. “This is a painful reminder that economic policy is not a game,” said Torsten Bell, chief executive of the Resolution Foundation, a think tank that focuses on boosting living standards for low- to middle-income households.

☆ Border chief says GOP governors are worsening crisis by 'lying' to migrants
▼ + stars: | 2022-09-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Julia-Ainsley-Circle-Byline-Template.Jpg | Julia Ainsley | ) www.nbcnews.com time to read: +4 min

Homeland Security Secretary Alejandro Mayorkas also criticized Republican governors for sending migrants to other cities in an interview with José Díaz-Balart on MSNBC. Migrants line up after having arrived by bus in El Paso, Texas, on Tuesday. Magnus said that despite the releases and the busing of migrants to Northern cities, the Border Patrol is managing the influx. El Paso Mayor Oscar Leeser said the city’s shelters are full, which is why he, like Republican governors, has begun busing migrants out of the city. Unlike Republican governors, Leeser is notifying cities that will be receiving migrants from El Paso.

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