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Last year, I made what I thought was a pretty solid money move: I opened a high-yield savings account and moved my money from a savings account earning me very little interest. Ally's high-yield savings account had a 2.0% interest rate at the time. My savings account back then was offering only 0.05% interest, and the simple maneuver yielded 40 times the savings. I'm still using my high-yield savings accountI keep a cushion of funds in my Ally high-yield savings account for big-ticket purchases, vacations, and emergencies. But for now, I'm happy with keeping my savings in a combination of high-yield CDs and savings accounts.

Persons: Ally, I've, I'm, Jackie Lam Jackie Lam, Jackie Organizations: AFC, Money Management, Finance Media Locations: Los Angeles

☆ Hedge fund Eisler Capital uses basis trades to add to positive year
▼ + stars: | 2023-09-29 | by ( Nell Mackenzie | ) www.reuters.com time to read: +2 min

LONDON, Sept 29 (Reuters) - Hedge fund Eisler Capital posted a 4.17% positive performance for the year to end-August, it said in a letter to investors, benefiting from a basis-trade strategy that has regulators worried about financial stability risks. According to the letter seen by Reuters, basis trades have been a part of the most profitable trading strategy for the $3.7 billion London-based hedge fund this year. While the fund uses basis trades in U.S. Treasuries, it also employs them with the euro, Swiss franc and Swedish government bonds, the letter showed. A Fed paper on Aug. 30 said that if these positions represent the so-called basis trades, "sustained large exposures by hedge funds present a financial stability vulnerability" warranting "diligent monitoring." The Eisler investor letter also showed the hedge fund uses swap derivatives to mitigate the riskiness of its positions.

Persons: Eisler, Kevin Lenaghan, Nell Mackenzie, David Holmes Organizations: Eisler, Reuters, Swiss, Bank for International, Ivy Academy, Thomson Locations: Los Angeles, U.S, Europe

☆ I gave up my $2,100 apartment in Los Angeles and have been living as a digital nomad for 4 months. There are 4 major lessons I've learned along the way.
▼ + stars: | 2023-08-12 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +5 min

Daniel Ferrer traded in the life of a desk worker for life on the road as a digital nomad. I didn't start out intending to be a digital nomad. Throughout my travels, I'm been working full-time as a customer success manager at a software company based in Los Angeles. Here are four life lessons I've learned from my time as a digital nomad. Being a digital nomad made me realize that I'm better off experiencing life than wearing myself down making as much money as I can.

Persons: Daniel Ferrer, Daniel, I'm, I've, Instagram Daniel Ferrer, Pamplona Bull, Daniel Ferrer The, Daniel Ferrer The Pamplona Bull, Oslo Pride Daniel Ferrer, we're, you'll, Ferrero Rocher, Apo, it's, who's Organizations: Service, Social, Oslo Pride, Vogue Locations: Wall, Silicon, Los Angeles, Bangkok, Southeast Asia, Europe, Central, South America, Pamplona, Daniel Ferrer The Pamplona, Kuala Lumpur, Instagram, Norway, Buscalan, Philippines

☆ Best Gifts for the Tea Lovers in Your Life
▼ + stars: | 2023-07-29 | by ( Sarah Rose | ) www.wsj.com time to read: +8 min

For masterful measuringOMABETA Portable Kitchen Tea Scale $16 at AmazonAs with baking, you will get best results when measuring tea leaves by weight rather than the spoonful. “Some teas are tightly rolled while others are fluffy and light,” explains Ben Marcus-Willers, of Red Blossom Tea Company, a San Francisco-based tea company that sells to consumers as well as Michelin three-star chefs. Desains suggests a porcelain tea pot clad in stainless steel to keep a quality tea warm for hours. Alternately, make a tea concentrate by doubling the amount of tea leaves in hot tea, then pouring it over ice. Tea will always taste best fresh and warm, and its taste will change—“often for the worse,” Kroesen notes—as it cools.

Persons: Sarah Rose, ”, “, Abigail St, Clair, St, Maria Uspenski, Ben Marcus, Willers, Steve Schwartz, Ottilie Cunningham, Fortnum, Mason, Alex Monroe, Franck Desains, Joshua Kaiser, Milwaukee’s Rishi, —, Cindy Sherman, Madame de Pompadour, French King Louis XV, Heidi Johannsen Stewart, Van, Brandon Friedman, Obama, ” Friedman, “ Matcha, Catherine Jue, Tekuno, Emeric Harney, Harney, Ravi Kroesen, Smith, Orla Kiely, Jessie Dean Organizations: Amazon, Tea Bella Tea Company, Red, Red Blossom Tea, Michelin, Blossom, Art, Mariages Freres, Desains, MET, Bellocq, Metropolitan Museum of, 187th, Tea, Asheville Tea Company Locations: China, Tampa , Fla, Clair, Darjeeling, it’s, Boulder, Colo, Red Blossom, San Francisco, chai In India, Los Angeles, Paris, Brooklyn, U.S, Iraq, Afghanistan, Dallas, New York, Portland ,, North Carolina

☆ What you need to know about Black dads, from Black dads
▼ + stars: | 2023-06-18 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +7 min

“It also indicates that Black fathers often step into the role of (stepparent) or maintain consistent involvement when living outside of the home,” he added. “You really do have uncles and grandparents and coaches and community members, pastors that can step in and really provide all those things like the guidance, the empathy, the attunement and support.”"A loving Black dad raised me and a loving Black dad raised him. Often, movies, TV shows and news stories about Black fathers come from secondary sources — not by Black dads or those who have been raised by them, Givens said. Courtesy Halisi TambuziHow to right this narrativeFor a narrative that better represents Black fathers, we need to emphasize who is telling the story, Givens said. The Black American Dad Foundation and other groups are trying to put out stories from Black fathers themselves, Givens said.

Persons: Jeremy Givens, “, —, ” Givens, Givens, Jennifer Noble, ” Noble, Cohen Givens, …, Noble, Dr, Erlanger Turner, Turner, isn’t, ”, Alecia Hooks, Braylon Hooks, Zayden Hooks, Hooks, Anthony Hooks, Black, ’ ” Noble, Tambuzi, Cohen, ” Givens can’t Organizations: CNN, Black American Dad Foundation, US Centers for Disease Control, Pepperdine University, American Dad Foundation Locations: United States, Los Angeles, Malibu , California, Arizona

☆ Here are Wednesday's biggest analyst calls: Tesla, Wynn, Walmart, Alphabet, Western Alliance & more
▼ + stars: | 2023-05-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: Bernstein reiterates Tesla as underperform Bernstein said after the automaker's shareholder meeting that it sees trouble ahead. Bank of America upgrades AppLovin to buy from neutral Bank of America said it sees accelerating revenue growth for the mobile tech company. Stephens reiterates Walmart as overweight Stephens said it's standing by its overweight rating heading into Walmart earnings Thursday. Bank of America reiterates ServiceNow as buy Bank of America said the software company is well positioned for AI. " Stephens reiterates Western Alliance as overweight Stephens said it's standing by its overweight rating on the regional bank.

☆ PacWest falls 40% after hours on report bank is weighing sale
▼ + stars: | 2023-05-03 | by ( Sarah Min | ) www.cnbc.com time to read: 1 min

PacWest Bancorp shares tumbled 56% in extended trading on Wednesday following a report that the bank is weighing a sale. The regional bank has been assessing options, including a breakup or a capital raise, according to a Bloomberg report citing sources familiar. The shares of many West Coast regional banks have been hit particularly hard since the collapse of Silicon Valley Bank in March, in part because of concerns that their customer bases are similar. PacWest is based in Los Angeles. The stock is down 72% this year.

☆ I made $2 million in revenue selling my study notes. Here's how I grew my business into merch, brand deals, and YouTube.
▼ + stars: | 2023-04-16 | by ( Claire Turrell | ) www.businessinsider.com time to read: +5 min

Beggs now works full time as an ER nurse at UCLA, posts on YouTube and TikTok, and runs her store. Here's how I expanded my business from selling notes to creating merchandise, working with brands, and filming YouTube content. As I created more notes, I started selling bundles on similar topics from $20 to $40 each. Expanding my offeringsOnce I'd completed all the study notes, I started to think about what else nurses might need. I also launched an Amazon storefront filled with nursing products, and I get a percentage of the sale if anyone uses my link.

☆ I Direct Music Videos — the Bigger the Artist, the More Stressful the Job
▼ + stars: | 2023-03-27 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +10 min

Courtesy of Neil FavilaMusic video director Hannah Lux Davis grew up watching TRL and always loved music videos. I took out a student loan to pay for my first two official music videos. I always loved music videos and was very passionate about them. I grew up watching MTV's music video show "TRL," and was inspired to be a director by music videos from Britney Spears, Backstreet Boys, NSYNC, Christina Aguilera, and Janet Jackson. They assume some artists get more money for a video, so they're comparing their videos to other artists' videos.

China and U.S. flags are seen near a TikTok logo in this illustration picture taken July 16, 2020. Florence Lo | ReutersBEIJING — China says it would "strongly oppose" a forced sale of TikTok, making clear the government's involvement with the social media giant that's trying hard to distance itself from Beijing authorities. ByteDance did not immediately respond to a request for comment on the Chinese Commerce Ministry's remarks. But the commerce ministry's claim of control over a TikTok sale or spinoff indicates Beijing wants to be involved. When asked about the commerce ministry's remarks Thursday, TikTok's CEO said the app isn't available in mainland China and is based in Los Angeles.

☆ I got laid off from my Netflix job 2 months after moving to LA. Here's how I networked my way into A24 and got my career back on track.
▼ + stars: | 2023-03-22 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +10 min

McKenzie Bugg moved from a small farm town in Maryland to LA after being hired on a Netflix series. The show was canceled and all of the artists were laid off, two months after Bugg's arrival. I was later hired for the same role at Netflix and moved to LA for the job, but things didn't quite go as planned. I got a great job right after graduatingA director at Adult Swim saw my work on social media and offered me my first animation job on 'Tuca and Bertie.' The news that we were being laid off was really suddenI was really enjoying my job and my coworkers too.

☆ How monk turned motivational speaker, Jay Shetty, and his wife are building a growing empire of wellness teas— with backing from New Money Ventures
▼ + stars: | 2023-02-04 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

The sparkling tea brand has raised funding from LA-based firm, New Money Ventures. Liquid Death, a canned water brand, was valued at $700 million during its Series D round in October 2022. In April 2022, Beyonce invested in Lemon Perfect, a lemon water brand. In November 2022, the organic birch water brand Treo announced a partnership with the singer Jason Derulo. Joyo launched direct-to-consumer on January 25, so customers can now order products online to any location in the United States.

“She wouldn’t be able to walk up to medical without help,” the former staff member said, referring to the office where staff medical professionals worked. James Shirey Jr., 14, died of complications from congenital adrenal hyperplasia, a genetic disorder, while at Diamond Ranch Academy in 2009. Diamond Ranch Academy disputed some of the lawsuit’s allegations in a court filing, and denied wrongdoing, but paid his family a $750,000 settlement in 2017. Diamond Ranch Academy was founded in 1999 by Rob and Sherri Dias. Dean Goodridge wants to see accountability for Diamond Ranch Academy, and any other facilities where children have died.

☆ S.F. antiques dealer who was recorded spraying a homeless woman with a water hose is arrested
▼ + stars: | 2023-01-19 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Johnson-Circle-Byline-Template.Jpg | Alex Johnson | ) www.nbcnews.com time to read: +2 min

The San Francisco antiques dealer whose gallery was vandalized and denounced online after viral video showed him spraying a homeless woman with a water hose was arrested Wednesday and charged with battery, authorities said. The man, Collier Gwin, 71, was arrested on a misdemeanor battery charge, police said. He was booked late Wednesday afternoon into the San Francisco County Jail, where he was being held on $2,500 bail, according to jail records. A nearby business owner recorded video of Gwin spraying the woman on the sidewalk outside Foster Gwin Gallery on Jan. 9. They will release her within a day.”Foster Gwin Gallery in San Francisco.

According to Orange County Superior Court records, Roiland pleaded not guilty to both charges in October 2020. Roiland was arrested and released on a $50,000 bond in August 2020 and arraigned in October 2020. Over the past three years, as the domestic violence case has inched along, Roiland’s career has progressed. Roiland also released the video game “High on Life” in 2022, which he developed through his studio Squanch Games. Roiland won an Emmy for “Rick and Morty” in 2020 and a Hollywood Critics Choice Association TV award for the show in 2022.

Three people died Monday in a construction site accident near a business district in Charlotte, North Carolina, officials said. Charlotte Fire Department Captain Jackie Gilmore told reporters at the scene that scaffolding had collapsed at the construction site shortly after 9 a.m. Two other construction workers were taken to a hospital for evaluation. All work at the construction site was stopped until Occupational Safety and Health Administration investigators could evaluate. The construction workers fell approximately 70 feet, according to NBC affiliate WCNC. Queen City News of Charlotte reported that the construction site where the accident occurred is being developed as a luxury senior living community, but the Houston-based developer behind the project, Bridgewood Property Company, said the accident occurred at a neighboring address.

☆ How to help teens can avoid diet culture this holiday season
▼ + stars: | 2022-11-20 | by ( Katie Hurley | ) edition.cnn.com time to read: +9 min

She specializes in work with tweens, teens and young adults. The fact that diet culture all over social media targets grown women is bad enough, but such messaging also trickles down to tweens and teens. But as we enter the winter holiday season, shame-based diet culture pressure, often wrapped up with toxic positivity to appear encouraging, increases. “Parents are often made to feel helpless in the face of TikTokers, peer pressure or wider diet culture, but it’s important to remember this: parents are influencers, too,” said Hanson. “Talk openly about it.”She suggests asking the following questions when discussing people’s messaging around diet culture:● Who are they?

The rapid moves Tuesday in Berkeley County, the fourth largest school district in the state, showed the impact of Moms for Liberty’s focus on electing conservative school board members, and prompted uproar among some community members in attendance. Deon Jackson was voted in as district superintendent during a special meeting of the Berkeley County School District board on May 19, 2021 in South Carolina. Berkeley County School DistrictMoms for Liberty said it has endorsed more than 500 school board candidates across the country this year, and 49% have won. Berkeley County School DistrictNone of the board members responded to emails or phone calls Wednesday. Each vote — firing the superintendent, picking his replacement, terminating the district’s lawyer and banning critical race theory — passed with support from only the six Moms for Liberty-backed members.

Ron DeSantis, who won re-election in a landslide Tuesday, threw his political weight behind 30 school board candidates this election cycle. In Florida, because school board races are nonpartisan, if candidates capture at least 50% of the vote in the primary, they don’t need to compete in the November elections. That stands in contrast to the results for the Florida Democratic Party, which supported 30 school board candidates, only nine of whom won seats this year. Riding a wave of conservative parent anger, Republicans in several states targeted school board races, with mixed results. However, GOP candidates running against progressive ideas captured seats on the State Board of Education, which sets curriculum standards.

☆ A Twitter employee shared a picture of his boss in a sleeping bag and mask on the office floor, illustrating Elon Musk's new hardcore work culture
▼ + stars: | 2022-11-02 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

A Twitter employee shared a photo appearing to show his boss asleep on the office floor. Insider previously reported that some staff have been asked to work 24/7 since Elon Musk's takeover. "When you need something from your boss at elon twitter," Evan Jones, a product manager at Twitter Spaces, tweeted at around 2:00 a.m. New York time Wednesday. Jones' Twitter page says he is based in New York, while Crawford's says she is based in Los Angeles. An internal message told Twitter staff working on changes to the company's verification process that "the expectation is literally to work 24/7 to get this out," Insider previously reported.

The Florida Democratic Party noted it has had a Municipal Victory Program since 2016 that includes efforts to fundraise and help school board candidates. Historically, it hasn’t taken a lot of cash to influence school board races, which are generally nonpartisan and often draw low voter turnout. In a 2018 survey, just 9 percent of school board officials reported spending more than $5,000. “What Ron DeSantis is doing in Florida — supporting a bunch of these school board candidates — is really smart, because the No. Some of the liberal efforts to push back against conservatives in school board races are well established.

There is no evidence that any school has deployed litter boxes for students to use because they identify as cats. The rumor of litter boxes in schools appears to have begun among parents on social media, and one of the first schools to confront the falsehood was in Canada last fall. Catalina Lauf, a Republican congressional nominee in Illinois, tweeted this month that schoolchildren were using litter boxes in her state. Some say litter boxes are located in “transgender bathrooms” in schools. Meanwhile on TikTok, one video claiming “kids are now requesting litter boxes at school” collected 3 million views on the platform.

A rural Wyoming ranch accused of subjecting troubled girls to forced labor and humiliating punishments has notified state regulators it halted operations. Trinity Teen Solutions informed the Wyoming Department of Family Services, which licenses the ranch, that it stopped providing services and enrolling new teens on Sept. 28, officials said. Trinity Teen Solutions’ website remains active, but its Facebook and Twitter accounts were deleted in the past several weeks. Sophia Boutrous, left, and Kelsie VanMeveren lift lumber at Trinity Teen Solutions in 2011. “Not only as a survivor of Trinity Teen Solutions myself, but for others that have suffered abuse” in these types of facilities.

☆ Wall Street's biggest investors can't shake a nightmare about the US economy. And that fear is much worse than a recession.
▼ + stars: | 2022-09-18 | by ( Aaron Weinman | ) www.businessinsider.com time to read: +5 min

Talk of a recession, rough inflation data, and the persistent increase in costs of certain staple goods has got Wall Street's biggest investors living in fear of an economic nightmare. Wall Street has been hit by a brutal market sell-off this year. Wall Street investors fear an economic nightmare. BMO Capital Markets is cutting jobs amid the broader downturn in dealmaking, according to Bloomberg. Private-equity investment firm Corsair has made an investment in Miracle Mile Advisors, a wealth advisory firm based in Los Angeles.

They strategized on what they want to do next: elect their own candidates to school boards, pass state legislation and diminish the influence of teachers unions. “It’s been said we’re some political powerhouse,” said Tiffany Justice, who co-founded Moms for Liberty in January 2021 with Tina Descovich. Moms for Liberty founders Tiffany Justice, left, and Tina Descovich present the Liberty Sword to Gov. “When I’m going up there by myself, the school board overlooks you,” said Ken Davenport, a father from a chapter in Orange County, Florida, who is running for state representative. Ron DeSantis, is joined by her 5-year-old daughter, Madison, after a question and answer session at the Moms for Liberty Summit.

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