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☆ A former waitress living paycheck-to-paycheck who now owns 35 rental units shares 2 principles she followed to achieve financial independence
▼ + stars: | 2023-06-28 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Ashley Hamilton was living paycheck-to-paycheck when she went to a local real estate conference. I love real estate because the barrier to entry is so low. Hamilton first learned about real estate in 2009, when she attended a free seminar in Detroit. Still, two concepts resonated with her that she says helped her go from living paycheck-to-paycheck to building a 35-unit real estate portfolio that has helped her achieve financial independence. Another trick that helped Hamilton think long-term was to always have a specific timeline for her goals.

Persons: Ashley Hamilton, Hamilton, Let's, Warren Buffett, subpar, Buffett Locations: Detroit, New York

☆ A boss who dumped 91,500 pennies on an ex-employee's driveway was ordered to pay $40,000
▼ + stars: | 2023-06-22 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

An autoshop owner has been ordered to pay almost $40,000 in back wages and damages. Miles Walker previously dumped 91,000 pennies on a former employee's driveway. The US government sued him for repeatedly failing to pay wages and illegal retaliation. He was sued by the US government for repeatedly failing to pay wages and illegal retaliation against an ex-worker, according to the lawsuit viewed by Insider. When Walker was contacted by the department, he said he wouldn't pay Flaten a penny.

Persons: Miles Walker, —, Andreas Flaten, Walker didn't, Walker, Flaten, Tremelle Howard Organizations: Service, Department of Labor, Labor Locations: Peachtree City , Georgia, Fayetteville , Georgia, Atlanta

☆ Safety concerns about missing Titan vessel voiced by former OceanGate employees years ago
▼ + stars: | 2023-06-21 | by ( Celina Tebor | ) edition.cnn.com time to read: +7 min

Lochridge worked as an independent contractor for OceanGate in 2015, then as an employee between 2016 and 2018, according to court filings. Court filings from the company indicate there was additional testing after Lochridge’s time at OceanGate, and it’s unclear whether any of his concerns were addressed as the vessel was developed. He said more concerns were raised by contractors and employees during his time at OceanGate, and Rush became defensive and shied away from answering questions during all-staff meetings. In 2022, the legal representative updated the Virginia court on OceanGate’s expeditions in another court filing. “OceanGate decided to cancel the second mission for repairs and operational enhancements” after the vessel “sustained modest damage to its external components,” it reads.

Persons: David Lochridge, Lochridge, Stockton Rush –, “, Rush, OceanGate, of Virginia –, ” Kevin Williams, “ OceanGate, “ Classing Organizations: CNN, US Coast Guard, OceanGate, Stockton Rush, Titan, Coast Guard, U.S, Eastern, of, University of Washington’s, Physics Laboratory, University of Washington, American Bureau of Shipping, Lloyd’s Locations: Cape Cod , Massachusetts, OceanGate, of Virginia, Virginia

☆ Going Bankrupt in the Name of Efficiency
▼ + stars: | 2023-06-21 | by ( Jennifer Szalai | ) www.nytimes.com time to read: +3 min

People in favor of private equity will say that the firms serve a crucial function, making troubled businesses more robust and efficient. “Roughly one in five large companies acquired through leveraged buyouts go bankrupt in a decade,” he writes. By 2017, after years of layoffs, crushing debt and being charged regular management fees by the private equity firms “for the privilege to be owned by them,” Ballou writes, Toys “R” Us was bankrupt. Private equity firms have acquired nursing homes, provided staffing for hospitals and services for prisons. And, of course, the cost-cutting measures typically imposed on acquired companies often include slashed wages and abandoned pension obligations.

Persons: Ballou, ”, ” Ballou, Morgenson, Rosner, David Rubenstein, HCR, we’re, ” Rubenstein Organizations: KKR, Bain, Vornado Realty Trust, Carlyle Group, ” Industries

☆ The UK announces $12 entry fee for travelers
▼ + stars: | 2023-06-10 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Get the latest news in aviation, food and drink, where to stay and other travel developments. CNN —The United States has been charging visitors for electronic travel authorization since 2009, and now the United Kingdom and the European Union are rolling out entry fees, too. Also in our latest CNN Travel roundup, we bring you a double-decker plane seat and bunk beds in the sky. UK to charge travelers for entryVisa waiver schemes have been around for a while.

Persons: it’s, Bunk, all’s, we’ve, James Beard, CNN There’s Organizations: CNN, European Union, CNN Travel, United, ETA, Edinburgh, Eiffel, Coliseum, Acropolis, –, CNN CNN Travel, Aircraft, Lufthansa, . Law, Tourists, North Carolina Zoo Locations: United States, United Kingdom, Europe, London, Kingdom, Qatar, Germany, Air, Pacific, Philadelphia, Korea

☆ Cramer says investors should buy this bank stock 'aggressively'
▼ + stars: | 2023-06-06 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Morgan Stanley is a buy The stock market has misjudged Morgan Stanley (MS) amid the recent turmoil in the banking sector. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Goldman Sachs, Morgan Stanley, Wells, Apple Jim, Walt Disney, Bob Iger, They've, Jim, Jim Cramer's Organizations: CNBC, Disney, Apple, Big Tech, Club, Walt Locations: U.S

NEW YORK, May 29 (Reuters) - Prosecutors urged a Manhattan federal court judge on Monday to deny a request by FTX founder Sam Bankman-Fried to dismiss criminal charges accusing him of stealing billions of dollars from customers to plug losses at his hedge fund. Bankman-Fried, the 31-year-old former cryptocurrency billionaire, has pleaded not guilty to 13 counts of fraud, conspiracy, making illegal campaign contributions and foreign bribery. In a filing late Monday, prosecutors described motions to dismiss the charges as "meritless", rebutting Bankman-Fried's argument that the indictment's allegations were insufficient and legally defective. He has also argued that some of the fraud charges he faces were based on a theory that the U.S. Supreme Court invalidated on May 11. Legal experts have said Bankman-Fried faces long odds of getting the charges tossed, because prosecutors can point to tangible money that his customers lost.

☆ As emergency savings drop and credit card balances rise, experts say taking 3 steps can help
▼ + stars: | 2023-05-30 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

To slow the price growth, the Federal Reserve has steadily raised interest rates, which has posed another problem for households: higher interest rates on debt. That marks the first time in 20 years balances have not fallen following the holiday season, according to the central bank's research. Some people are seeking help after they've already fallen behind and have started to get debt collection calls, he said. 'Think seriously about delaying discretionary purchases'As prices and interest rates have gone up, it's a good time to think about putting off unnecessary purchases, according to Hamrick. But the regret that often ranks highly is not saving more for long-term goals such as emergency savings or retirement, he said.

☆ Jim Cramer says 'brace yourself' for week ahead as lawmakers inch toward debt ceiling deal
▼ + stars: | 2023-05-19 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBCs Jim Cramer told investors on Friday to brace themselves for the week ahead as Washington teases a resolution to the debt ceiling crisis. "If we do we get a debt ceiling deal, it'll certainly move stocks higher, bringing tons of sidelined cash back into the market, even if it's earning more than 5%. Investors also should look out for Monday's Zoom earnings report, which is scheduled to be released after market close. Friday should finally bring a debt ceiling deal, according to Cramer. "Unlike 2011, where the debt limit was an obscure issue that snuck up on us, this year the debt ceiling debacle is well known and weighing down the entire country."

☆ Erdogan's election lead leaves Turkey's opposition reeling and an economy on the brink
▼ + stars: | 2023-05-19 | by ( Natasha Turak | ) www.cnbc.com time to read: +9 min

Since neither candidate won more than 50% of the vote, however, the election will go to a runoff on May 28. They also reveal that despite Turkey's current economic turmoil, tens of millions of Turks still see Erdogan as their only viable leader. Supporters of Turkish President Recep Tayyip Erdogan celebrate at the AK Party headquarters garden on May 15, 2023 in Ankara, Turkey. Still, Kilicdaroglu's 44.9% of the vote is notable as the highest any opposition candidate ever received, said Orcun Selcuk, an assistant professor of political science at Luther College in Iowa, on Twitter. "The opposition clearly did not meet the expectations but it would be a misjudgment to say that opposition coordination failed.

☆ Beyoncé’s ‘Renaissance’ tour has begun. Here’s what to know before you go
▼ + stars: | 2023-05-17 | by ( Scottie Andrew | ) edition.cnn.com time to read: +5 min

CNN —If you’re one of the lucky members of the BeyHive who scored tickets to Beyoncé’s “Renaissance” tour this summer, expect one of the more epic nights of your life. Fans have been waiting for this tour since last summer, and it’s finally time to unleash our inner alien superstars. Here’s what “Renaissance” tour-goers need to know before the show hits their hometown (or, before they fly across the world to catch it – the things we do for Beyoncé). Kevin Mazur/Getty Images for ParkwoodThe aesthetic of the “Renaissance” tour, based on the footage fans have captured, is more “Alien Superstar” than “Cuff It”: Think Afrofuturist cyborgs with impeccable style. ), and she lets those in the audience know that a “queen moves at her own pace.” We’ll have to keep waiting on those music videos.

☆ How Wall Street pros traded 7 of our Club stocks, including Salesforce, in the first quarter
▼ + stars: | 2023-05-16 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +9 min

Lots of Club holdings, including Nvidia (NVDA) and Alphabet (GOOGL), were among the stocks traded by some of Wall Street's biggest investors and money managers in the first quarter. That firm, Jeffrey Ubben's Inclusive Capital, had owned 1.63 million Salesforce shares at the end of December, worth nearly $217 million at the time. Jeff Smith's Starboard Value also sold some Salesforce shares in Q1, leaving the firm with 2.5 million shares at the end of March. Mason Morfit's ValueAct Capital amplified its Salesforce stake in the first quarter, ending with 3.5 million shares, up from just 560,221 shares at the end of 2022. Loeb's Third Point amassed 4.75 million shares of Alphabet, worth $492.7 million at the end of the first quarter.

☆ I'm a UI engineer at Citadel who's worked at Netflix and Google. Here are 7 important lessons that have been critical to my rise at Ken Griffin's $57 billion hedge fund.
▼ + stars: | 2023-05-15 | by ( Bianca Chan | ) www.businessinsider.com time to read: +7 min

Kristofer Baxter leads a team of about 20 UI engineers at Citadel, a $57 billion hedge fund. I started my career at a golf tee-time reservation company, then worked in roles at Netlflix, LinkedIn, and Google. But it's really important to be quick. We work really closely with front-office partners and investment professionals so we know what to build. The really important thing there is that you can't be afraid of scale, or even failure.

☆ Don't look now, but Wall Street bonuses are already trending in the wrong direction
▼ + stars: | 2023-05-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Wall Street, I'm sorry to say your 2023 bonus is already on some shaky ground. I realize we're not even halfway through the year, but after an awful first quarter, bonuses in plenty of areas of finance are trending in the wrong direction. It's a mixed bag, with some areas trending toward a double-digit percentage increase over 2022, while others are heading the opposite way. If that isn't a certainty, you can bet people, especially those earlier in their career, will look for greener pastures. Six of the largest European and US oil companies have a combined nearly $160 billion in cash and cash equivalents on their balance sheets, The Wall Street Journal reports.

☆ MLB roundup: AJ Pollock's HR ends no-no as Mariners edge A's
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +11 min

Mariners starter Bryce Miller, in his major league debut, gave up a run on two hits and no walks with 10 strikeouts. The Reds snapped a run of seven straight losses to the Padres and a streak of nine straight losses in San Diego. Jon Gray allowed four runs on eight hits with one walk and two strikeouts over 5 1/3 innings. The right-hander lasted five innings, allowing three runs on seven hits with no walks and six strikeouts. Keegan Thompson (1-2) was charged with three runs on four hits in one-third of an inning to take the loss.

☆ Ima Keithel: The world’s largest women-run market
▼ + stars: | 2023-04-24 | by ( ) edition.cnn.com time to read: +7 min

CNN —At first glance, Ima Keithel is much like any other market. Priya Kharaibam, for example, is the third generation of her family’s pottery traders at Ima Keithel, following on from her grandmother. The creation of Ima Keithel dates back to the 16th century Kangleipak Kingdom, when it began as a makeshift, open-air market for bartering crops. An overhead shot of a busy afternoon at Ima Keithel. We want to be responsible mothers.”These days Ima Keithel is a microcosm of Manipur’s egalitarian society.

☆ Peering Into the Future of Novels, With Trained Machines Ready
▼ + stars: | 2023-04-20 | by ( Elizabeth A. Harris | ) www.nytimes.com time to read: +1 min

Gus forced himself to take a bite, but the flavor was rancid, a sickly sweet imitation of cheese. Aidan Marchine, however, is an unusual author — at least for now — because Aidan Marchine is a set of computer systems. The journalist and author Stephen Marche wrote “Death of an Author” using three artificial intelligence programs. Or three artificial intelligence programs wrote it with extensive plotting and prompting from Stephen Marche. “I am the creator of this work, 100 percent,” Marche said, “but, on the other hand, I didn’t create the words.”

☆ For Food Price Inflation Clues, Watch India
▼ + stars: | 2023-04-19 | by ( Megha Mandavia | ) www.wsj.com time to read: 1 min

A World Bank report noted that export restrictions by India could raise world rice prices. A poor season can topple governments and threaten global food security—especially when export restrictions on food have become sticky despite easing food prices. U.S. and Australian forecasts now point to an increased probability of an El Niño episode in 2023. El Niño is a periodic weather event that drives monsoon clouds away from India—and has historically hurt food production. A subpar monsoon is an underappreciated threat to global food security and inflation.

Her comments were echoed by others who feel the narrative shared by three top central banks of relatively cost-free disinflation rests on shaky ground. Among the Fed, ECB and BoE, only the British central bank projects a recession will be needed to slow inflation - only a mild one at that. U.S. central bank officials have split the difference, projecting a modest one-percentage-point rise in the unemployment rate this year from its near-historic low of 3.5%, and slow, but continued, economic growth. Martins Kazaks, Latvia's central bank chief, said the risk of a recession was still "non-trivial," with a host of factors still putting pressure on prices. For the Fed, different policymakers offer different ideas about the forces that will lower inflation as high interest rates slowly cool demand.

☆ I got addicted to an app that helped me turn my most ambitious goals into daily routines
▼ + stars: | 2023-04-11 | by ( Shubham Agarwal | ) www.businessinsider.com time to read: +12 min

Once I complete the task, I mark it on a calendar in the app and a colorful streak grows. Each time I logged a successful session on Everyday and the habit's streak grew, it felt like a microwin. Streaks reward repetition, Lindemans explained, but the reason they're so motivating is not the sense of accomplishment they imbue. After all, I was being motivated by the app instead of by my desire to meet my goals. The apps helped me focus on the action itself instead of on setting up my own structure for carrying them out.

☆ FedEx to fold operating divisions into one organization in cost-cutting push
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +2 min

FedEx had come under criticism from investors last year for its subpar performance compared to UPS, which has a unionized workforce. In response, FedEx outlined extensive plans to cut costs, including parking planes and reducing headcount. The phased transition announced Wednesday will ultimately bring FedEx Express, FedEx Ground, FedEx Services and other FedEx operating companies into Federal Express Corporation and will be headed by present Chief Executive Officer Raj Subramaniam, the company said. John Smith will become president and CEO of U.S. and Canada Ground Operations at FedEx Express and assume leadership of surface operations across the FedEx Express, FedEx Ground and FedEx Freight businesses, effective April 16. FedEx Freight will continue to provide freight transportation services as a stand-alone company under the Federal Express Corp banner, the company added.

☆ WTO sees "subpar" 2023 trade growth with multiple risks
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +3 min

Summary WTO raises 2023 global trade growth f/cast to 1.7% (prev 1.0%)2022 goods trade growth 2.7% vs Oct forecast of 3.5%WTO chief urges countries to limit export curbs on foodGENEVA, April 5 (Reuters) - The World Trade Organization raised its forecast for global trade growth this year, but still predicted a slowdown and warned of risks from the Ukraine war, geopolitical tensions, food insecurity, inflation and monetary policy tightening. The Geneva-based trade body said on Wednesday that merchandise trade volumes would increase by a "subpar" 1.7% in 2023. For 2022, it said a downturn in the final quarter resulted in trade growth of 2.7%, lower than its previous 3.5% forecast. The WTO said goods trade growth should rebound to 3.2% in 2024 as economic expansion picks up, but warned this forecast was particularly uncertain, with multiple downside risks. The WTO said trade growth had held up despite global tensions and the threat of fragmentation into competing trading blocs, which could reduce global economic output by 5%, had so far been avoided.

It exceeds in being a smart alarm clock, and it can you give control of your smart devices. It's meant to function as a very smart alarm clock while giving you the ability to control your smart home, video chat, see pictures of cute animals, and stream video. Lowest Price Amazon Echo Show 5 The second-gen Echo Show 5 is a compact smart display that's perfect for use as a smart alarm clock on your bedside table. And while it works as a decent smart alarm clock, it won't blow you away as anything beyond that. The Amazon Echo Show 8 offers a much larger screen and better speakers than the Amazon Echo Show 5.

☆ Real estate investors who flipped 15 properties that profited $1.2 million in 2022 share 4 keys to successful flipping
▼ + stars: | 2023-03-16 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Since executing that deal in 2009, the investors have done 91 flips mostly in the Denver area, they said. They did 15 in 2022 alone and turned $1.2 million in gross profits, according to a profit-and-loss statement of their LLC viewed by Insider. "You're going to want to look at the age of the furnace. Because if you feel kind of strange when you're looking at it, so will the potential buyers." But now that we've been doing it for a long time, we know what to expect and we know what to look for."

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