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☆ A recovering overspender explains how she makes a game out of having a 'no-spend day' to break bad habits and get her finances back on track
▼ + stars: | 2023-04-23 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +5 min

Rebecca Sowden explains "no-spend days" and shares money-management strategies on TikTok. "No-spend days" involve training your financial habits so that you can meet goals and pay off debt. 'No-spend days' can really add upOne trend she's promoted is the "no-spend day" challenge. One TikTok user, @thesavvysagittarius, set a goal of doing as many no-spend days as she can until she pays off her debts, which she said adds up to about $13,000. "We're left with these habits that we got used to, these activities that include spending money that's really not sustainable.

In a package engineered by Swiss regulators on Sunday, UBS Group AG (UBSG.S) will pay 3 billion Swiss francs ($3.2 billion) for 167-year-old Credit Suisse Group AG <CSGN.S>, which was once worth more than $90 billion. European bank shares inched into positive territory (.SX7P) while shares in U.S. financial giants Citigroup (C.N) and JPMorgan Chase (JPM.N) rose 1.2% and 0.7% respectively. Investor focus had shifted to the massive blow some Credit Suisse bondholders will take, a new worry in a rolling banking sector crisis sparked by the collapse of midsize-U.S. lenders Silicon Valley Bank (SVB) and Signature Bank (SBNY.O) earlier this month. [1/2] Buildings of Swiss banks UBS and Credit Suisse are seen on the Paradeplatz in Zurich, Switzerland March 20, 2023. QUESTIONS FOR UBSThe deal to buy Credit Suisse will make UBS Switzerland’s only global bank and the Swiss economy more dependent on a single lender.

In a package engineered by Swiss regulators on Sunday, UBS will pay 3 billion Swiss francs ($3.23 billion) for 167-year-old Credit Suisse Group AG (CSGN.S) and assume up to $5.4 billion in losses. Investor focus has now shifted to the massive blow some Credit Suisse bondholders will take, adding to anxiety about other banking sector risks including contagion and the fragile state of U.S. regional lenders. UBS acquiring Credit Suisse for 3 billion francs a week ago would have seemed like a terrific deal. Buildings of Swiss banks UBS and Credit Suisse are seen on the Paradeplatz in Zurich, Switzerland March 20, 2023. QUESTIONS FOR UBSThe deal to buy Credit Suisse will make UBS Switzerland’s only global bank and the Swiss economy more dependent on a single lender.

☆ Wall St Week Ahead Last year's laggards lead U.S. stocks' 2023 rebound, for now
▼ + stars: | 2023-02-11 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

NEW YORK, Feb 10 (Reuters) - U.S. stocks that took a beating last year are surging in the early weeks of 2023, leading markets higher. A range of factors are driving the moves, including the attractiveness of beaten-up shares, a tailwind from falling bond yields and market participants unwinding bearish bets against stocks. “When interest rates fall, lower quality, longer duration assets do well," said Rob Almeida, global investment strategist at MFS Investment Management. That's weighed on stocks in the latest week, which saw the S&P 500 lose 1.1% after two straight weeks of gains. David Kotok, chief investment officer at Cumberland Advisors, is skeptical of the latest rally and some of the stocks leading the current run.

☆ Taking a secret 'hush trip' could help with burnout — but might land your company a surprise tax bill
▼ + stars: | 2023-02-02 | by ( Hannah Towey | ) www.businessinsider.com time to read: +5 min

More remote workers are traveling without their employer's permission, also known as "hush trips." "Anybody loves the opportunity to be productive in paradise rather than in their home office," Pokora told Insider. "I think as long as remote work stays an option and working from home in general we're going to see more of this." Hush trips are the most recent addition to the growing lexicon at the intersection of work and travel, joining longtime favorites "bleisure," "workation" and "digital nomad." On the employer's side, hush trips can cause tax and legal headaches if they go on for too long, Courtney Leyes, a partner at the law firm Fisher Phillips, told Insider.

☆ Hiring slowdowns, manager burnout and other trends that will shape U.S. workplaces in 2023, experts say
▼ + stars: | 2023-01-26 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

Now, with a potential recession on the horizon, economists and researchers are convinced that 2023 will usher in even more significant changes to the workplace. CNBC Make It spoke with three experts about the biggest trends that will shape work this year. Hiring will slow in 2023 — but jobseekers will still hold the powerEven though several U.S. companies have slashed staff in recent months, workers will continue to have the upper hand in the labor market this year. Education, government, health care and retail are among the industries where hiring has maintained its momentum, and are poised for continued growth in 2023. "All of this is creating a manager shortage, which just exacerbates the challenges companies are facing attracting and retaining talent," she adds.

China is likely to nominate Xie Feng , a vice foreign minister and a U.S. specialist, as its new ambassador to Washington, according to people familiar with the matter, continuing a gradual tempering of the abrasive “Wolf Warrior” style that has defined Chinese diplomacy in recent years. Beijing has been recalibrating its foreign policy in a bid to stabilize fraught ties with Washington and mitigate damage done to China’s global standing by its handling of the Covid-19 pandemic and forceful pursuit of security, industrial and territorial interests, according to people working inside the Chinese Foreign Ministry. The hard-charging ethos that took hold among Chinese diplomats during the Trump administration, when Beijing saw itself as being under assault from the West, needs to be adjusted to reflect a changing international environment, they said.

☆ Why America’s economy remains surprisingly strong – but you don’t realize it
▼ + stars: | 2022-12-22 | by ( Christine Romans | ) edition.cnn.com time to read: +2 min

New York CNN Business —Each week brings head-scratching contradictory news about the economy. This past week was no different, with a batch of economic reports showing that — despite the recession talk — the US economy shows remarkable resilience. Yes, the economy is strong. “The labor market is incredibly strong again,” Federal Reserve Chairman Jerome Powell in a speech last month. That means the next year will no question be a challenge as all that tightening continues to work its way through the economy.

On Tuesday, for example, Fox News host Sean Hannity said Republicans “have been unwilling for whatever reason” to vote early and by mail. Ahead of the general election, registered Democrats held an 8-point edge over registered Republicans in Georgia in early voting. Now about to enter his seventh term, Schweikert said that Republicans in his state used to enjoy a robust early voting edge. Kirk, who had raised concerns about mail-in voting, changed his tune after the November midterms, tweeting that Republicans must recognize the “power of early voting.” But Johnson has called for a ban on mail-in voting. At the forefront of GOP concerns over early voting is Pennsylvania, where Democrats enjoyed an edge so substantial that Republicans did not come close to overcoming it.

☆ 'Quick quitting' can help you jump to a better job. But be careful how you do it.
▼ + stars: | 2022-12-10 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +4 min

But career strategists say it's important that short-timers exit with dignity. But can you blame him when he got a better job offer, complete with a remote-work option, an elevated title, and a $30,000 raise plus a sign-on bonus? Robert Kelley, a professor at Carnegie Mellon University's Tepper School of Business, chalked up all this quick quitting to dramatic shifts in how people think about work. But Kelley and others say it's important that short-timers exit with dignity — no need to burn bridges, after all. Kelley advised offering to stay even longer even if it means delaying the start of your next job.

☆ The ‘yes, but’ economy. Yes, we’re worried about recession — but the economy remains resilient
▼ + stars: | 2022-12-02 | by ( Christine Romans | ) edition.cnn.com time to read: +2 min

New York CNN Business —Each week brings head-scratching contradictory news about the economy. Tthis past week was no different, with a batch of economic reports showing that — despite the recession talk — the US economy shows remarkable resilience. Yes, the economy is strong. Yes, economists are worried about a recession, but the job market is incredibly tight with more than 10 million open jobs and 1.7 jobs available for anyone who’s searching for one (or looking to job hop). That means the next year will no question be a challenge as all that tightening continues to work its way through the economy.

☆ I'm a broker on 'Selling the Hamptons.' If you're looking to buy a house, now's the time to do it — before spring.
▼ + stars: | 2022-11-14 | by ( Dorothy Cucci | ) www.businessinsider.com time to read: +10 min

This as-told-to essay is based on a conversation with Bianca D'Alessio, a broker for Nest Seekers International and castmember of 'Selling the Hamptons.' Across the market, different price points are responding differently. When you're a renter, you're paying someone else's mortgage; when you own, you're paying yours. Once they've identified them, we can move forward in having a conversation of what's possible in different areas and at different price points. At different price points, different inventory types, and in different cities, we're going to feel different adjustments.

☆ After FTX's collapse, VCs across industries are finally admitting to crypto's failures — and they're preparing for 'more blows to come'
▼ + stars: | 2022-11-14 | by ( April Joyner | ) www.businessinsider.com time to read: +8 min

Investors stuck to crypto startups they considered "safe bets," but FTX's failure challenges that idea. Crypto startups held yacht parties through the summer and into early fall at events such as NFT.NYC and Messari Mainnet. "The whole crypto space is a high-leverage space, and it's susceptible to cascading failures." The events of the past week are unlikely to whet risk-averse LPs' appetite for crypto, investors told Insider. Even so, several investors who have backed crypto startups told Insider that despite the industry's recent travails, they remain believers in the technology.

☆ The Federal Trade Commission says it is tracking Elon Musk's Twitter 'with deep concern' as top privacy execs quit
▼ + stars: | 2022-11-11 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

The FTC said it's tracking developments at Twitter "with deep concern," per Reuters. It made the comment after four top execs in charge of privacy at Twitter reportedly resigned. Elon Musk said on Thursday that he and his team would fully comply with FTC rules. Twitter has also fired half of its global workforce, roughly 3,700 people, alongside several other tech giants that conducted mass layoffs. Chief Privacy Officer Damien Kieran and Chief Compliance Officer Marianne Fogarty also resigned, according to Reuters, citing a Slack message among Twitter's staff posted by an internal lawyer.

☆ How a 4-day workweek improved one company's recruitment, retention, and morale — and its workers' well-being
▼ + stars: | 2022-11-07 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +6 min

She added that the four-day workweek had helped recruitment, retention, and worker well-being. Around that time, she read a book about the promise of the four-day workweek. Thus began her company's participation in a six-month pilot program of a four-day workweek. Insider recently spoke with her about the four-day workweek's effects on the company's retention and recruitment and on the team's health and well-being. But the value of it in terms of retention, recruitment, and health and well-being cannot be overstated.

☆ Class of 2023 rejoice: Companies are ramping up hiring of new college grads as experienced workers are harder to find amid the labor shortage
▼ + stars: | 2022-11-06 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +9 min

The labor market is still tight, but employers are ready to hire from the pool of new college graduates. NACE found that respondents plan to hire 14.7% more 2023 graduates compared to the class of 2022. That's good news for workers, especially recent college graduates. "For instance, in many cases it costs less to hire a recent college graduate compared to a mid-career or senior-level professional." But it noted "only 6% expect to cut back on hiring new college graduates."

☆ Warehouse startups that rode the e-commerce boom to the top are recalibrating for a cool down by cutting jobs and delaying fundraising
▼ + stars: | 2022-10-25 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

The pandemic boosted e-commerce and the startups that pack and ship orders. Startups that once rode the rocket ship of the pandemic e-commerce boom are adjusting to solid ground again. In the fulfillment space just 18 months ago, startups were opening new facilities and making acquisitions at a furious pace. Along with e-commerce growth, the pace of venture funding has slowed, especially as the economy wobbles. (He said ShipHero had been profitable, but went into a growth phase after the first venture round.)

☆ Dunkin and Chipotle just made it harder to get free food. Here's how to make the most of your reward points amid constant changes.
▼ + stars: | 2022-10-14 | by ( Mary Meisenzahl | ) www.businessinsider.com time to read: +3 min

But there's a way to get the most out of your rewards points. In the case of Chipotle, the fast casual chain just raised the price of a free entree reward from 1400 points to 1625 points. A similar situation happened when Dunkin rolled out its Dunkin Rewards system this fall. This is common in rewards programs across the industry, but different rewards programs have different rules. "It wouldn't surprise me if there were tweaks by other big restaurant concepts," to their rewards programs, Kalinowski said.

Saudi Crown Prince Mohammed bin Salman receives U.S. President Joe Biden at Al Salman Palace upon his arrival in Jeddah, Saudi Arabia, July 15, 2022. Still, the U.S.-Saudi rift is widening as Saudi Crown Prince Mohammed bin Salman, widely known as MbS, flags his country's -- and his own -- importance on the world stage. "He has made a great effort since day 1 to signal to the U.S. that he wants excellent ties. Prince Mohammed, the kingdom's de facto ruler, is aware of Riyadh's oil market power and position as a counterweight to Iran, and may stand firm in the face of U.S. criticism. It says it faces a threat from Iran and its proxies, especially after 2019 attacks that temporarily hit Saudi oil output and shook energy markets.

☆ Spring and summer 2023 will finally be a good time to buy a home
▼ + stars: | 2022-09-27 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +3 min

Inflation and interest rate hikes have made it even more expensive to buy a home. In addition, a slowing economy overall could bring 30-year mortgage rates back down. As economic volatility further seeps into the US real estate market, housing activity is fading fast. That's because inflation and interest rate hikes have dampened affordability for many would-be shoppers, leading to a steady decline in buyer demand. This combination of cooling prices and declining mortgage rates could indicate the typically busy real estate seasons of spring and summer could ring in a more affordable housing market in 2023.

☆ Former NATO boss slams Macron for "disastrous" diplomacy on Ukraine
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +2 min

However, Rasmussen's broadside comes at a time Macron is recalibrating his message and striking a firmer tone against Moscow. Macron stated that peace talks can only work if Ukraine's "sovereignty is respected, its territory liberated and its security protected." "Russia must now understand that it cannot impose its will by military means", said Macron. "He has weakened international cohesion, and I think he is now regretting this and trying to regain the initiative", he said in the interview. Register now for FREE unlimited access to Reuters.com RegisterReporting by Tassilo Hummel and Michel Rose; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

☆ FedEx's Shopify strategy could prove costly as e-commerce cools and logistics firms fight over small business, analysts say
▼ + stars: | 2022-09-23 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

The logistics giants are taking different paths when it comes to e-commerce platforms like Shopify. "Every entity in the parcel-delivery market — i.e., UPS, FedEx, USPS, Amazon Logistics, and every third party out there — is looking to that SMB customer," Shanker said. UPS and FedEx are taking opposite approachesMany small e-commerce businesses buy their shipping services through the online platforms they use to sell their products. "They want you to click on the FedEx logo because you think FedEx is great." "I think while FedEx talks about its focus on SMB shippers, I think UPS is actually executing on it," said Rick Watson, the CEO of RMW Commerce Consulting.

☆ Late-night emails, ruined weekends, and crazy workloads: Toxic managers are creating a burnout crisis
▼ + stars: | 2022-09-22 | by ( Ed Zitron | ) www.businessinsider.com time to read: +8 min

Burnout almost always grows out of a poor work-life balance, but understanding that balance — much less recalibrating it — is difficult to do. No amount of free time can fix a work-life balance ruined by a poorly managed company or department. Readjusting work-life balance and ending burnout requires companies and managers to allow employees to mentally disconnect from their work. Beyond vacations, creating a positive work-life balance requires companies to create a culture that prioritizes people recharging. It also means that management must take the responsibility of maintaining a healthy work-life balance away from their employees and put it on themselves.

☆ It's a terrible time to both buy and sell real estate
▼ + stars: | 2022-09-08 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

Americans are becoming increasingly pessimistic about the US real estate market. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyThe real estate market is in limbo. It's created greater dysfunction in the real estate market. Indeed, activity in the real estate market is cooling. As rising mortgage rates burden consumers, it's given rise to the largest decline in home listings in more than two years.

☆ Delta Sustainability Chief Discusses Cutting Airline’s Footprint and Shift Away From Offsets
▼ + stars: | 2022-03-31 | by ( Rochelle Toplensky | ) www.wsj.com time to read: +11 min

Delta recently appointed company veteran Amelia DeLuca as its chief sustainability officer. Amelia DeLuca, Delta Air Lines’ chief sustainability officer Photo: Rank StudiosWSJ Pro: Where were you in December 2015 when the Paris climate accord was signed? That gave me clarity of what my role is: that we’ve got to get a running start on this. WSJ Pro: How do carbon offsets fit into what you’re doing at Delta? The second thing is really trying to understand how you connect your sustainability agenda to everyone throughout your company.

Persons: Amelia DeLuca, DeLuca, we’ve, There’s, I’ve, ? DeLuca, doesn’t, we’re, We’ve, it’s, Rochelle Toplensky Organizations: Delta Air Lines, Delta, Lines, Nations, WSJ, Air, Business, SAF, Airbus, Boeing, Delta Air, Rochelle, rochelle.toplensky@wsj.com Locations: Delta, Paris, Atlanta, Southern U.S, Netherlands, Mexico City, United States, Nations

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