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☆ Analysis: Icahn's mark-up of meat packager extraordinary but possible, experts say
▼ + stars: | 2023-05-05 | by ( Koh Gui Qing | ) www.reuters.com time to read: +4 min

Hindenburg said Icahn Enterprises LP (IEP) (IEP.O) valued a meat packing company in which it owns a 90% stake three times over its market value. IEP cited "the lack of material trading volume" in Viskase's stock as grounds for the valuation mark-up in the filing. Viskase's shares are traded in the over-the-counter market rather than a major exchange such as Nasdaq or the New York Stock Exchange. On Thursday, IEP said after the stock market closed that it would preserve its dividend at $2 per unit for the first quarter. IEP's stock rose 10% in afterhours trading on the announcement.

☆ 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.

☆ When Floods Destroy Homes, Hidden Costs Can Devastate Survivors
▼ + stars: | 2023-04-22 | by ( Colleen Hagerty | ) www.nytimes.com time to read: +2 min

The Combses then took over those payments for a few years until the expense — more than $500 a month, Ms. Combs said — became unaffordable. Ms. Combs did apply for a loan from the Small Business Administration but was denied because of her credit score, she said. A church group helped clean out the house, including throwing out the refrigerator, stocked with spoiled food. They have been blessed, as Ms. Combs sees it. Ms. Combs estimated that they had spent a few thousand dollars to get back home.

☆ I made $127,000 selling PowerPoint templates after my TikTok went viral. Here's how I turned views into sales in 6 months.
▼ + stars: | 2023-04-14 | by ( Kiera Fields | ) www.businessinsider.com time to read: +7 min

This as-told-to essay is based on a transcribed conversation with Jakob Welle-Smogeli, a 21-year-old college junior whose PowerPoint videos went viral on TikTok. I started making TikToks about PowerPoint presentations from my bed. Six months later, I had 3.8 million TikTok followers on my faceless profile and have made over $150,000 from my brand. I started making cool PowerPoints from bed and recorded them for TikTok and Reels. Seeing my PowerPoint templates generate real income was amazingIt was mid-September 2022 when I officially launched my templates.

☆ Racial Disparities are worsening disaster recovery for people of color. With climate change, things could get worse
▼ + stars: | 2023-04-14 | by ( Lauren Lee | ) edition.cnn.com time to read: +13 min

Rolling Fork, Mississippi suffered massive damage from a powerful tornado on March 24. Racial disparities existed in Rolling Fork for decades. She started I-DIEM after spending over 14 years in disaster management. Shirley Stamps stands in the rubble of her home in the aftermath of the Rolling Fork tornado. And increasingly, non-profits are doing things differently to address racial disparities in disaster management.

☆ These are the 9 least expensive states to start a business—none of them are in the northeast
▼ + stars: | 2023-04-12 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

Nevada tops this ranking as the least expensive U.S. state to start a small business, due to factors like an abundance of available commercial space and the state's lack of corporate income tax. Small business loans were also widely available in those two states in 2020, the most recent year with complete Small Business Administration data. Arkansas small businesses received nearly $43 million in loans per 100,000 residents that year, the sixth-highest of any state. Some states offer tax credits for businesses in specific industries, which could help some startups and not others. "For entrepreneurs who have the ability to pick and choose where they want to start their business, it's clear that certain states will allow you to save money," the ranking noted.

☆ Why Stock-Market Investors Can No Longer Count on the ‘Index Effect’
▼ + stars: | 2023-04-08 | by ( Daisy Maxey | ) www.wsj.com time to read: 1 min

The disappearance of the ‘index effect’ might have one positive: It shows that financial markets have become more efficient. A new study concludes that—at least in the case of the S&P 500—the small rise in share value that once accompanied a stock’s addition to the index has disappeared on average over the past decade. This disappearance of the well-known “index effect” has occurred despite an increase in the amount of money tracking the S&P 500 over the period, says Robin Greenwood, professor of finance and banking at Harvard Business School. He co-wrote the working paper, “The Disappearing Index Effect,” with Marco Sammon, assistant professor of business administration at Harvard Business School.

☆ Billionaire Mark Cuban says successful people aren't afraid to go broke: 'When you've got nothing to lose, you go for it'
▼ + stars: | 2023-04-06 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Before becoming a billionaire, Mark Cuban slummed it in an apartment with five other guys, sleeping on the floor and using "nasty" towels taken from a Motel 6. Those circumstances may seem pretty bleak, but they're exactly what drove Cuban to put his all into entrepreneurship. Cuban, who has an estimated net worth of $6.5 billion, referenced his "Shark Tank" co-star Daymond John's phrase "the power of broke," saying it's "one of the defining elements" of any successful business owner. Most people consult with friends and explore their idea on Google, but ultimately never follow through, Cuban said. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank."

☆ Think it's too late to switch jobs? Tell that to 'Asia's best female chef'
▼ + stars: | 2023-04-05 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

Johanne Siy is head chef at one of Singapore's premier dining destinations, Lolla — where Asian-inspired modern European flavors dominate the menu. Ten years on, Siy is now head chef at one of Singapore's premier dining destinations, Lolla — where Asian-inspired modern European flavors dominate the menu. Just last week, she was named "Asia's Best Female Chef" at Asia's 50 Best Restaurants 2023 — the first Singapore-based chef to win. Johanne Siy Chef, Lolla"I was just so excited to be in the kitchen. She then built up an impressive resume with stints in New York, Sweden and Denmark before stepping into the role of head chef at Lolla.

☆ Inside Nike: Sources share claims of sexism, cheating, abuse at the world's wokest brand
▼ + stars: | 2023-04-05 | by ( Joshua Hunt | ) www.businessinsider.com time to read: +51 min

The conservative blowback came as no surprise to Parker, who told Nike's board of directors to expect some short-term backlash. In late 2014, the BBC sent a film crew to Portland to interview several former Oregon Project employees. "He would be at the side of the track calling out runners' splits but wouldn't call Kara's out," Adam Goucher told me. When people asked why she left the Oregon Project, she said it was a "personal decision." "I don't think it has anything to do with who the CEO is," Goucher told me.

☆ Premarket stocks: Banking chaos could break the strong job market
▼ + stars: | 2023-03-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —The job market has remained strong even as the Federal Reserve has spent a full year attempting to cool off the economy by raising interest rates. But economists think that the recent banking turmoil may be what finally raises unemployment. Even with those big job cuts, the labor market in the United States remains white hot. Since the pandemic, regional banks “have provided a vast majority of lending to small firms, underwriting local small business formation,” said Philip Wool, an analyst with asset manager Rayliant. AI will likely lead to job loss, they wrote, but technological innovation that initially displaces workers has historically created employment growth over long haul.

The bottom line: The Ally High Yield Savings Account is a strong high-yield savings account with a competitive interest rate and solid savings tools. Ally High Yield Savings Account Learn more On Ally's site. Compare Today's Savings RatesHow Ally WorksAlly is an online bank with several strong accounts, including its high-yield savings account. We've compared the Ally High Yield Savings Account with savings accounts at two other online banks: Discover and Marcus by Goldman Sachs. See how Ally compares Ally High Yield Savings AccountDiscover Online Savings AccountMarcus by Goldman Sachs High Yield Online Savings Account Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

☆ 25-year-old 'Shark Tank' contestant sold ice cream from a roadside tent—now he has a $200,000 deal with Barbara Corcoran
▼ + stars: | 2023-03-20 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

When Jeremy Carlson was a college freshman, he started selling ice cream cones from a tent by the side of the road. The cooking style, which he discovered during a mission trip to the Czech Republic, ultimately led to two brick-and-mortar ice cream shops called Crispy Cones — and a $200,000 investment deal with Barbara Corcoran on Friday's episode of ABC's "Shark Tank." Carlson's earnings as an Uber and Lyft driver, along with a Small Business Administration loan and $190,000 credit line, helped Crispy Cones move from a tent to a trailer to the two storefronts. Together, the couple asked for a $200,000 investment in exchange for 10% of Crispy Cones. Corcoran offered the Carlsons a more lucrative deal: $200,000 for 20% of Crispy Cones' equity.

☆ This millennial didn't see diverse women represented in comic books, so she wrote her own—now it's her full-time job
▼ + stars: | 2023-03-08 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

But as she grew up, she noticed that female superheroes weren't getting the same attention, storylines or film adaptations that male superheroes were. So she created her own diverse, all-women superhero universe — and it's now her primary source of income. "I remember going to a comic store and seeing a Wonder Woman comic. So I would intern at a lot of different places," Truesdale tells CNBC Make It. "A lot of different marketing agencies, financial firms, all these different places that all had different elements of business.

☆ Enraged shoppers are seeking 'revenge' on companies as customer service satisfaction erodes
▼ + stars: | 2023-03-07 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Customer service and customer satisfaction with companies have been getting worse for years. Many companies have also moved their customer service options online and use automated systems instead of traditional call centers staffed by real people. US consumers have become more unhappy with many companies over the last five years, according to the American Consumer Satisfaction Index, or ACSI. But many businesses also lack the tools to measure their customers' satisfaction. "It is difficult to generate high customer satisfaction under these circumstances," Fornell said.

☆ Bola Tinubu: From godfather of Lagos to Nigeria's president-elect
▼ + stars: | 2023-03-01 | by ( Tim Cocks | ) www.reuters.com time to read: +4 min

And since he bowed out as Lagos governor in 2007, Tinubu has picked every subsequent winning candidate to run Africa's biggest city. That power will now be tested as Tinubu attempts to tackle Nigeria's crises and improve on Buhari's lacklustre record. Many of these problems worsened under Buhari, on whose party ticket Tinubu ran. A spokesman for Tinubu's campaign did not respond to repeated requests for comment. A biography on his campaign website says Tinubu was born in Lagos in 1952, to a Muslim family from the Yoruba ethnic group, the majority in southwest Nigeria.

Yet only 54% of all businesses say they have a business continuity and disaster recovery plan for a cyberattack. 2 2022 Small Business Profile, U.S. Small Business Administration Office of Advocacy. https://cdn.advocacy.sba.gov/wp-content/uploads/2022/08/30121338/Small-Business-Economic-Profile-US.pdfCyber Readiness Institute (CRI) is not an affiliate of any company of the Principal Financial Group®. Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392. ©2023 Principal Financial Services, Inc.

☆ Infamous fake German heiress Anna Sorokin wins contempt case against ex-lawyer after landing guest speaking gig with Harvard MBA students
▼ + stars: | 2023-02-26 | by ( Jordan Hart | Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

Anna Sorokin, aka Anna Delvey, reportedly spoke with a class of MBA students at Harvard University on Feb. 14. Sorokin, aka Anna Delvey, confirmed to Insider that this semester she was set to make a virtual live appearance in front of MBA students at the top business school on February 14. In September, the 32-year-old spoke at an "Intro to Reporting" class for Columbia University students from her ICE detention facility. In September, the 32-year-old filed a lawsuit against Thomas for an alleged court order violation over transferring Sorokin's court files. In January, Harvard MBA students had the chance to hear from another unconventional source.

☆ A 29-year-old stock trader who returned 132% in 2022 and remained profitable for 4 straight years shares his top 6 tips for profiting no matter what the market conditions are
▼ + stars: | 2023-02-11 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

He'll also set a sell-stop order once a stock's price reaches his breakeven price to reduce risk. It was an impressive run considering the stock market had its worst year since 2008. "If you think this company is going to come out with a great earnings report while the stock price is slipping, you might be encouraged to hold on a little longer. 6 takeaway tips from Ryan's approach to tradingLearning how to lose is probably the most important trading tip, Ryan said. If a stock's price is plunging rapidly, the order may not get filled in time.

☆ Exclusive: The FBI's McGonigal labyrinth
▼ + stars: | 2023-02-08 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +28 min

She never saw McGonigal pay. "The notion that Mr. Deripaska is some proxy for the Russian state is a blatant lie," Ruben Bunyatyan, a spokesperson for Deripaska, told Insider by email. McGonigal was not charged with espionage, and although there is currently no evidence that McGonigal committed espionage, an FBI source told Insider that the investigation is ongoing. At the FBI, McGonigal racked up a string of big cases and promotions. "He said he needed to make more money," Guerriero told Insider.

☆ What Is an SBA Loan?
▼ + stars: | 2023-02-07 | by ( ) www.wsj.com time to read: +13 min

By Tanza LoudenbackEntrepreneurs without a ton of cash or access to affordable financing may want to consider an SBA loan. Types of SBA loansThe most common type of SBA loan is a 7(a) loan. SBA loan rates and repayment termsInterest rates on SBA loans are negotiated between the lender and the borrower, within the SBA’s minimums and maximums. “The big difference is SBA loans tend to have much more favorable terms,” says Chris Hurn, the founder and CEO of Fountainhead, an SBA lender. How to apply for an SBA loanHere are the steps to apply for an SBA loan.

☆ Infamous fake German heiress Anna Sorokin plans to speak with Harvard MBA students
▼ + stars: | 2023-02-02 | by ( Jordan Hart | Jacob Shamsian | ) www.businessinsider.com time to read: +3 min

Anna Sorokin, aka Anna Delvey, is preparing to speak with a class of MBA students at Harvard University. Sorokin, aka Anna Delvey, confirmed to Insider that this semester she is set to make a virtual live appearance in front of MBA students at the top business school on February 14. In September, the 32-year-old spoke at an "Intro to Reporting" class for Columbia University students from her ICE detention facility. She pretended to be a German heiress and sought to bilk banks and other institutions for money in order to build a project she called the Anna Delvey Foundation. In January, Harvard MBA students had the chance to hear from another unconventional source.

☆ Forget 'quiet quitting:' High-income men are openly cutting their work hours more than their coworkers
▼ + stars: | 2023-01-31 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +5 min

Higher-earning men with college degrees are clocking fewer hours at work. That's as men without degrees have been quitting due to perceived low social and financial prospects. Highly paid men typically work more hours than their peers, Yongseok Shin, an economist who co-wrote the paper, told The Wall Street Journal's Courtney Vinopal. Fueling that figure are young men without college degrees, according to the Boston Fed. Higher-paid men with college degrees have more financial mobility, and likely a stronger social self-estimation.

☆ Forget 'quiet quitting': Men earning six figures are openly cutting their work hours more than their coworkers
▼ + stars: | 2023-01-31 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +5 min

Men earning with college degrees earning at least $100k a year are clocking fewer hours at work. That's as men without degrees have been quitting due to perceived low social and financial prospects. Highly paid men typically work more hours than their peers, Yongseok Shin, an economist who co-wrote the paper, told Insider. Fueling that figure are young men without college degrees, according to the Boston Fed. Higher-paid men with college degrees have more financial mobility, and likely a stronger social self-estimation.

☆ U.S. watchdog identifies $5.4 billion in potentially fraudulent COVID-19 loans
▼ + stars: | 2023-01-30 | by ( Kanishka Singh | ) www.reuters.com time to read: +2 min

WASHINGTON, Jan 30 (Reuters) - The U.S. government likely awarded about $5.4 billion in COVID-19 aid to people with questionable Social Security numbers, a federal watchdog said in a report released on Monday. The watchdog, the Pandemic Response Accountability Committee (PRAC), said it "identified 69,323 questionable Social Security Numbers (SSNs) used to obtain $5.4 billion from the Small Business Administration's (SBA) COVID-19 Economic Injury Disaster Loan (COVID-19 EIDL) program and Paycheck Protection Program (PPP)." In May 2021, Attorney General Merrick Garland launched a COVID-19 Fraud Enforcement Task Force. In September, the inspector general for the U.S. Labor Department said fraudsters likely stole $45.6 billion from the United States' unemployment insurance program during the coronavirus outbreak by applying tactics like using Social Security numbers of deceased individuals. Reporting by Kanishka Singh in Washington; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

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