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☆ A top investment chief explains why bonds offer an attractive hedge for a mild and brief recession in 2023
▼ + stars: | 2023-01-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

I'm senior reporter Phil Rosen, and below I'm sharing my conversation with Northwestern Mutual's chief investment officer, Brent Schutte. He sees the bond market as this year's best recession hedge. Phil Rosen: You said you're expecting a mild and brief recession this year. Brent Schutte: The good news is that the bond market has repriced, and the bond market is a hedge against that recession. BC: I do think earnings will come down this year, and cheaper equities give a margin of safety against that.

☆ Sam Bankman-Fried has serious beef with FTX's new boss, John Ray III
▼ + stars: | 2023-01-20 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

John Ray, CEO of FTX Group, described a litany of amateurish business practices used to run the multibillion-dollar exchange. This much we know for certain: Sam Bankman-Fried and FTX's new boss, John Ray III, are not each other's biggest fans. From their comments, we can see that they disagree on how to run a company, where certain cash went, and who can repay who. It doesn't take a stoic to make Bankman-Fried look chatty, given the extensive media tour he embarked on after FTX went under. And strangely, as the boss and former boss duke it out, FTX's native token FTT is quietly skyrocketing again.

☆ 'Dr. Doom' Nouriel Roubini says the Fed will wimp out on its inflation fight and gold is the best protection as volatility batters the economy
▼ + stars: | 2023-01-13 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The Fed will wimp out on its inflation fight, according to "Dr. Doom" economist Nouriel Roubini. Roubini said gold is the best bet for investors as inflation, high debt, and extreme volatility are set to batter the economy. "There is so much debt in the system that an attempt to reduce inflation not only causes an economic crash, it causes also a financial crisis," Roubini said. However, that still won't save the economy from a recession: Failing to bring inflation back to target levels could cause a de-anchoring of inflation expectations, sparking a stagflationary debt crisis, Roubini warned. That could slam the economy with high unemployment, high inflation, and a severe downturn, causing stocks to tank 30%.

☆ Sam Bankman-Fried is now writing his own newsletter while under house arrest at his parents' $4 million property: 'I didn't steal funds'
▼ + stars: | 2023-01-13 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

Presumably writing from his parents' $4 million property in Palo Alto, California near Stanford, Sam Bankman-Fried published a lengthy newsletter yesterday, titled "FTX Pre-Mortem Overview." One statement stood out to me: "I didn't steal funds, and I certainly didn't stash billions away." In the note, Bankman-Fried highlighted that both FTX and Alameda Research were raking in billions in profits in 2021. A key to the collapse, he explained, was 2022's crypto bear market that left just about every token worth dramatically less than the year prior. Well, Bankman-Fried yesterday outlined two versions of the hedge fund's balance sheet, one from each of the past two years.

Failing to report crypto activity to the IRS could result in an audit. Report any crypto income on Form 1040Aside from your crypto capital gains and losses, you may have also received additional income from your crypto holdings. In these cases, you'll need to report the crypto as income rather than a capital gain or loss. What happens if I don't report crypto on my taxes? "But if you don't file anything and the IRS discovers this — and they're aware that you didn't report it — it's tax evasion," he says.

☆ Want to land a remote job in 2023? These 20 companies are on a hiring spree
▼ + stars: | 2023-01-09 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

To help people find the best remote opportunities, FlexJobs, a membership service for jobseekers, identified the top 100 companies hiring remote jobs in 2023, taking into account some 58,000 companies who listed their openings on the site between January and December 2022. "We're not seeing one industry dominate the remote job market like we used to," Kathy Gardner, the vice president of communications at FlexJobs, says. "Three years ago, your best bet to land a remote job was to apply to tech companies, but now, there's a much more healthy mix of industries offering flexible opportunities." "It's still a tight labor market, which means companies have to cater to what jobseekers want — and that's remote work," Gardner says. Here are the top 20 companies hiring for the most remote jobs in 2023, according to FlexJobs (and see the full list here):

☆ These are some of the most popular jobs in tech right now and what they pay, according to a new website that tracks salaries at 700 firms
▼ + stars: | 2023-01-06 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

A new website compiles salaries at 700 top tech companies, including industry giants like Amazon and Google. Using pay data from Comprehensive.io, Insider identified some of the most popular tech jobs available and what they pay. It tracks salaries at 700 top tech firms and startups, compiling pay ranges for various jobs based on figures that many companies are now required to list in job posts thanks to pay transparency laws in tech hubs like New York City and California. Using pay data aggregated on the site, Insider identified some of the most popular tech jobs right now, measured by the number of openings currently listed for a particular role, as well as their average pay ranges. The figures below were accurate as of the time of publication, but they may fluctuate, as the salary tracker updates daily as more job posts become available.

Note that credit card lenders may use many different variations of credit score models when considering your application. Note that credit card lenders may use many different variations of credit score models when considering your application. Review: Citi Double Cash card reviewBest credit cards for home improvement frequently asked questions (FAQ)What is the best credit card for home improvement? There really is no "best" credit card for home renovation that covers every situation. You can almost always pay for home renovations with a credit card — however, the above scenarios we've examined are pricey.

☆ Our best stories on financial tech in 2022
▼ + stars: | 2022-12-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Today, we're going to recap all the great stories we've done this year on financial tech, whether it's up-and-coming startups or the projects at the biggest banks and investment firms. Wall Street and sports have a long history together. How top Wall Street firms are testing out cutting-edge tech. Shaw, here are 10 of the most innovative tech projects at top Wall Street firms. And we also identified the top Big Tech executives who could get poached by Wall Street firms looking to do more in the cloud.

☆ They Wanted a Versatile One-Bedroom in Chicago for About $200,000. Which Option Did They Choose?
▼ + stars: | 2022-12-29 | by ( Carisa Crawford Chappell | ) www.nytimes.com time to read: +2 min

After their son was accepted into Columbia College in Chicago last year, Brian McCutcheon and Donna Sink started looking for ways to cut down on expenses and make everyone’s life easier. A campus housing policy had kept Angus McCutcheon, now 19, in a dorm as a freshman, but the couple hoped they could find him a new living arrangement for his sophomore year. Angus was excited to be able to choose his home and wanted to be close to campus, restaurants and shops. “I’m a fan of natural light.”The family connected with Daniel Eirinberg of eXp Realty, who agreed that Printers Row would be ideal. “You’ve got good train access and a bunch of great little cheap and delicious food choices that cater to the college students,” he said.

☆ Apple’s Best Bet Against China Might Be India
▼ + stars: | 2022-12-27 | by ( Megha Mandavia | ) www.wsj.com time to read: 1 min

The potential of India’s own consumer market makes it even more attractive for electronics manufacturers. India could well become the manufacturing darling of Apple this decade. But New Delhi also deserves credit for a concerted push to make India an easier—and financially more attractive—place to build gadgets. Many Western manufacturers are increasingly uncomfortable with their heavy reliance on China—especially after its uncompromising and unpredictable approach to public health over the past year. Violent protests at Apple supplier Foxconn ‘s Zhengzhou factory in November further highlighted the risks of an overly concentrated supply chain.

He voted against the Puerto Rico Status Act on the floor last week, calling for "letting a full and robust legislative process take place." One of the bill’s main negotiators, Rep. Nydia Velázquez, D-N.Y., the first Puerto Rican woman elected to Congress, is confident about more congressional hearings on Puerto Rico's territorial status in the new year. That’s intentional, said Resident Commissioner Jenniffer González-Colón, a Republican nonvoting member of Congress representing Puerto Rico who favors statehood and helped negotiate the Puerto Rico Status Act. What’s next for Puerto Rico’s territorial status? Excluding Puerto Rico’s territorial status also gives Wicker and others pause.

☆ The White House wants to entice Americans back to work by giving them more benefits
▼ + stars: | 2022-12-22 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +4 min

A top Biden economist said the president is looking to fix the labor shortage by making it easier to get back to work. That includes giving people childcare options and lowering "costs for consumers." Deese is also referencing the high inflation that the Federal Reserve is fighting to curb, and that Americans are struggling to keep up with, adding that the White House will potentially take administrative actions to reduce the price of housing. Deese was not specific about what White House economists' plans would be beyond that, but he suggested childcare was key to making sure that parents would be able to work. Such provisions may be hard for Biden to pull off after losing control of the House to Republicans this year.

☆ Creator economy insiders share the 5 trends that could change the industry in 2023, from a flood of Gen X and millennial creators to a startup reckoning
▼ + stars: | 2022-12-21 | by ( Amanda Perelli | Sydney Bradley | Marta Biino | ) www.businessinsider.com time to read: +10 min

Insider asked creator economy industry professionals to share their predictions for 2023. We spoke with investors, influencer marketers, and industry experts, who shared their best predictions for the creator economy in 2023. Live shopping could finally have its moment in the USIndustry insiders may have been premature in declaring 2022 the year of social and live shopping. Some creator economy startups might close their doorsThis past year, layoffs have been rampant in the creator economy, as companies like Patreon and Jellysmack reacted to the economic slowdown by letting employees go. "Venture capitalists think this isn't the time to be betting on the creator economy, so the next nine months will be really tough."

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.

CNN —House GOP Leader Kevin McCarthy took to Fox News primetime last week and dinged his counterpart across the Capitol: Senate GOP Leader Mitch McConnell. In the new Congress, McConnell will lead a 49-seat Senate minority while McCarthy will have 222 Republican seats in the House. That’s because McCarthy, like many other House Republicans, doesn’t want to deal with the threat of a government shutdown immediately upon entering their new majority. One Republican lawmaker pointed out that McConnell and McCarthy are dealing with different conferences and political dynamics, which explains their sometimes conflicting approaches. “Mitch McConnell and Kevin McCarthy are gonna be just fine.”

☆ US lawmakers want answers on FTX's collapse. Sam Bankman-Fried may not have them.
▼ + stars: | 2022-12-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

But first, we are going to hear more from Sam Bankman-Fried this week, even if you think we've already heard quite enough from him. Sam Bankman-Fried testifies during a hearing before the House Financial Services Committee on December 8, 2021 in Washington, DC. Disgraced FTX founder Sam Bankman-Fried, who said he once considered himself a "model CEO," tweeted last week that he would testify before tomorrow's House Financial Services committee hearing focused on his firm's blowup. FTX's new CEO, John J. Ray III, who oversaw the bankruptcy of Enron, will testify in the first part of the hearing. A private lunch with the billionaire is on the table if you're willing to pony up the cash.

☆ One of the best bets in real estate is no longer a sure thing
▼ + stars: | 2022-12-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

The sure thing that's no longer a sure thing. But the shine is starting to come off what is considered one of the safest, and smartest, bets in real estate. The two largest single-family rental REITs — Invitation Homes and American Homes for Rent — have recently seen their ratings downgraded by Wall Street analysts, Insider's Alex Nicoll reports. More on the potential deal, which also might have participation from a former Wall Street CEO. If you want to leave Wall Street but don't know where to start, read this.

Thomas Pallini/InsiderThe Capital One Venture X Rewards Credit Card offers Priority Pass Select airport lounge membership. But late last week, Capital One quietly updated the Priority Pass lounge access rules for the Capital One Venture X Rewards Credit Card. Now, instead of the Capital One Venture X Rewards Credit Card as the undisputed king of Priority Pass credit cards, your Priority Pass-conferring airport credit card will take a bit more deliberation. The Ritz Carlton Credit Card, while not publicly available, is still the best credit card for Priority Pass lounges because: It comes with a Priority Pass Select membership that gives you access to Priority Pass restaurants and non-lounge experiences. The Capital One Venture X Rewards Credit Card is the first Visa credit card to drop access to discounts at participating Priority Pass restaurants and other non-lounge experiences.

It's your chance to score deals on cordless stick vacuums, upright vacuums, and robot vacuums at Walmart, Target, Amazon, and other retailers. You can narrow your search by checking out our guides to the best cordless vacuums, robot vacuums, cheap vacuums, handheld vacuums, pet vacuums, and upright vacuum cleaners. Black Friday vacuum deals: Top discountsRobot vacuums : Save up to $400 off robot vacuums from Ecovacs, Eufy, iRobot, and more. Lowest Price iRobot Roomba i3+ EVO (3550) Robot Vacuum The i3+ costs more than your average robot vacuum, but it does a lot more than the average robot vacuum. Deal Eufy RoboVac 25C Wi-Fi Connected Robot Vacuum This Eufy robot vacuum connects to your phone for easy scheduling and will run for over an hour with a single charge.

Financial planner Michael Garry opened his firm in 2006 and helped clients through the Great Recession. With a possible recession on the horizon, he advises sticking to your plan and investing more if you can. For those who lived through the Great Recession of 2007 to 2009, the prospect of another downturn is unsettling. Stick with your plan"If you have a plan, stick with your plan," Garry says. Editor's Rating 3.9/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.65/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.34/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On Acorns' website Learn more On SoFi's website Learn more On Wealthfront's websiteAvoid get-rich-quick investmentsEconomic uncertainty can make us susceptible to investments that promise fast returns, but traditional investments remain your best bet.

In our guide to the best blenders, the Vitamix 5200 was chosen as the best blender overall. Check out the best Black Friday sales on Vitamix blenders and other kitchen tools below. Black Friday Vitamix deals: Top discountsBest Black Friday Vitamix dealsDeal icon An icon in the shape of a lightning bolt. Great Price Vitamix 5200 Blender The Vitamix 5200 is an easy-to-use, easy-to-clean blender with the power and speed variation to handle any task. Usually priced close to $600, it's on sale for $399; a stellar discount if you're looking for a Vitamix blender.

☆ Why are cranberry sauce labels upside-down? Science
▼ + stars: | 2022-11-23 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN Business —Perhaps one of the greatest mysteries of Thanksgiving is the cranberry sauce — and we’re not even talking about why people eat it: What’s the deal with the upside-down labels on Ocean Spray cans of the stuff? Observant consumers have noticed that the Ocean Spray labels on jellied cranberry sauce cans are flipped, meaning the rounded edge that’s typically on the bottom of most canned goods is on top of Ocean Spray cranberry sauce cans. According to Ocean Spray, that’s intentional: It creates a seamless serving experience. That includes cranberry sauce, whose price is up about 18% compared to last year because cranberry crops are smaller this year, sparking a supply squeeze. The company, which is a farmer co-operative, told CNN Business that it has also has had to hike prices of its canned cranberry sauce, but declined to give a specific percentage.

☆ Brian Kemp Is GOP’s Best Bet for 2024
▼ + stars: | 2022-11-22 | by ( Scott Westcott | ) www.wsj.com time to read: 1 min

Ron DeSantis the new standard-bearer for the Republican Party, political pundits passed over the more logical choice: Gov. Brian Kemp of Georgia. Mr. DeSantis’s re-election margin was wider, but Florida is a red state and its Democratic Party is a shambles. Charlie Crist was a weak opponent, and the Sunshine State’s U.S. Senate race was barely competitive. Goofy could have won the Florida governorship if he switched parties and put “R., Magic Kingdom” after his name.

☆ At 3 weeks old, she caught RSV, the virus that's packing hospitals across the US
▼ + stars: | 2022-11-20 | by ( Christina Zdanowicz | ) edition.cnn.com time to read: +11 min

And pediatric hospitals are feeling the strain, with more than three-quarters of their hospital and ICU beds occupied for the past few months. Her prematurity “increased her risk of how her body would react to the RSV virus,” the doctor explained. Medical teams at Greater Baltimore Medical Center helped Ayra Pokharel before she was transferred to another hospital. Sending patients to other facilities for treatment is common during the height of flu and RSV seasons, Nguyen said. RSV symptoms RSV is a common virus, but it can cause serious illness, especially in younger infants and older adults.

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