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The pressure to adapt is growing. But in the United States, some small-business owners do not understand the complexities of digital payments. “Smaller merchants, they don’t always have the knowledge and resources to know what to do,” said Ginger Siegel, who leads the North America small-business segment at Mastercard, which offers training to business owners like Ms. Otis of Comma Bookstore. Ms. Otis said she noticed an increase in sales when she began offering mobile payments, which made the checkout process faster. “As a retailer, you want to make the experience as efficient as possible,” she said.
Persons: , Ginger Siegel, Otis Organizations: Boku, Merchant Machine, North, Mastercard, Comma Locations: United States, Britain, London, North America
Billionaires are older than you may think
  + stars: | 2023-06-02 | by ( Madeline Berg | ) www.businessinsider.com   time to read: +3 min
Flashy young founders may get a lot of attention, but the typical billionaire is older than you may think. The median age of the world's billionaires is 67, according to a new report from Altrata. The median age of the world's billionaires is 67, according to a new report from data firm Altrata. Only 10% of the world's billionaires are younger than 50 — and over 40% are older than 70. Billionaires, for what it's worth, don't seem ignorant to the fact that they are an older breed.
Persons: Altrata, Elon Musk, Kim Kardashian, Peter Thiel, Jeff Bezos, Larry Ellison, Jack Dorsey, Zuckerberg, Warren Buffett, I've Organizations: Tech, Oracle, CNBC Locations: Omaha
While younger tech billionaires like Elon Musk, 51, and Mark Zuckerberg, 39, may dominate the wealth headlines, the majority of the world's billionaires are over retirement age, according to a new study. The median age of the world's 3,194 billionaires is now 67 years old, data firm Altrata said in a report released Wednesday. The findings highlight the wide gap between the perception and reality of the world's billionaires. According to the report, the median age of the world's billionaires has actually increased slightly over the past five years. The U.S. still has the largest number of billionaires in the world by far, with 955, accounting for nearly one-third of the world's billionaires.
Persons: Elon Musk, Mark Zuckerberg, Altrata, Warren Buffett, Bernard Arnault, Imberg, it's, San Organizations: Hong Kong Locations: North America, Asia, Europe, U.S, China, New York, San Francisco, Moscow, London
Chris Hladczuk leads growth at Meow, a fintech startup, after quitting Goldman Sachs. I picked a weird day to quit — it was my 24th birthday and I called my boss to tell her I was leaving Goldman Sachs. The power of Goldman SachsI love Goldman because it taught me how to win. With my future career in mind, is my pace of learning higher at Goldman in investment banking or at an early-stage startup? Chris Hladczuk currently leads growth at fintech startup Meow.
In case you missed it, PayPal CEO and President Dan Schulman announced his plan to retire at the end of 2023 earlier this month. Coming off an extremely difficult 2022, and with competition seemingly coming at them from every which way, PayPal has to find a new CEO. I hesitate to compare this to the seemingly never-ending CEO search at Carlyle, but it's easy to see how a difficult quarter or two could complicate this entire search. The rich stay rich thanks to another loophole that helps them save on taxes. Elliott Management's Paul Singer and Two Sigma's David Siegel both played second fiddle to Haidar Capital's Said Haidar in 2022 when it came to comp.
JPMorgan Chase is giving 2 new recruits a $30,000 annual allowance to dine at restaurants. They will work for its restaurant review platform The Infatuation in New York and London. The positions come with a $30,000 "annual restaurant budget", according to job ads posted on Tuesday. The job description for the New York role says: "This position is an editing job and also very much an eating job - you'll get a $30,000 annual restaurant budget for dining out. The staff writer in London will get to dine out at restaurants multiple times per week, according to the ad.
It's also a key part of the firm's push to attract retail investors, Insider's Rebecca Ungarino reports. Bloomberg previously reported that both firm CEO Steve Schwarzman and President Jon Gray have each put $100 million of their own money into BREIT since July. But as nice as it is to have the bosses' money backing your fund, that's not the target audience. And while there is a lot of upside to attracting retail investors — its private wealth arm has quadrupled in size to $233 billion in assets in four years — there are risks, too. Click here to read more about the recent headwinds facing Blackstone's big bet to attract retail money.
He persevered through the brutal all-nighters, the perplexing spreadsheets, and the temperamental bosses who walked the halls of the midtown Manhattan investment firm. At Apollo, executives tend to grow up quickly. Some of their former colleagues have tried to make more money elsewhere, such as the hedge funds run by billionaire personalities that Apollo's executives quietly root against. Associates sometimes dealt with burnout from heavy workloads and demanding bosses by escaping for a walk through Central Park to let off steam, according to the former firm associates. We're Rayman Apollo!'"
Here's how OneSchema raised $6.3 million from General Catalyst and Sequoia without a pitch deck. Luo's experience inspired him to start OneSchema alongside his cofounder, Christina Gilbert, to try to streamline the data-importing process for companies. The startup recently raised a $6.3 million seed round led by General Catalyst with participation from Sequoia Capital, Y Combinator, Elad Gil, and Contrary Capital. Because of inbound investor interest, OneSchema was able to raise its seed round without a pitch deck, Gilbert told Insider. A decade ago, many might have argued that OneSchema's focus would someday become obsolete because of the development of automated methods to transfer data, Gilbert told Insider.
In its press release announcing the new funding, Wati said the investment was Shopify's first in a startup operating in Southeast Asia. The goal is to make Thirdweb's tools available to Shopify merchants who want to bring Web3 products and experiences to their online stores. Shopify recently participated in Gorgias' $30 million Series C round, which valued the startup at $710 million. According to the company, merchants using its technology report a 96% increase in sales on average. Flexport announced it had received a strategic investment from Shopify as part of its $935 million Series E on February 7.
Adidas is on the hot seat to cut ties with Kanye West
  + stars: | 2022-10-24 | by ( Jon Sarlin | ) edition.cnn.com   time to read: +6 min
Balenciaga and Vogue publicly cut ties last week, and on Monday talent agency CAA dropped West as a client, and production company MRC said that it’s shelving a documentary on West. Celebrities including Kat Dennings, Josh Gad and Meg Stalter condemned Adidas for sticking by West. We are waiting @adidas,” read Shannon Watts’ tweet in response to the incident that received more than 100,000 likes. Earlier this month after West wore a “White Lives Matter” shirt in public, Adidas said that it was reviewing its lucrative partnership with his Yeezy brand. With pressure mounting and West’s hate campaign against Jewish people continuing, it seems the question is when, not if, Adidas will cut ties.
Fiona bears down on northeast Canada as big, powerful storm
  + stars: | 2022-09-24 | by ( ) www.cnbc.com   time to read: +6 min
A youth rides his bycicle at the seaside in Nagua, Dominican Republic, on September 19, 2022, as Hurricane Fiona passes through the country. Fiona, which started the day as Category 4 storm but weakened to Category 2 strength late Friday, was forecast to make landfall in Nova Scotia early Saturday. The Canadian Hurricane Centre issued a hurricane watch over extensive coastal expanses of Nova Scotia, Prince Edward Island and Newfoundland. The U.S. National Hurricane Center said Fiona should reach the area as a "large and powerful post-tropical cyclone with hurricane-force winds." It was centered about 140 miles (220 kilometers) southeast of Halifax, Nova Scotia, heading north at 46 mph (74 kph).
După câteva luni, Kamala Harris a renunțat la visul ei prezidențial, însă a primit ulteror șansa de a ajunge la Casa Albă făcând echipă cu fostul vicepreședinte Joe Biden. - comma, în engleză înseamnă virgulă)”, scria Kamala Harris în autobiografia ei din 2018, The Truth We Hold („Adevărul pe care îl deținem ”- n.r.). Crescute de mama lor, care nu s-a mai recăsătorit, surorile Kamala și Maya și mama lor, Shymala, erau cunoscute ca „Shymala și fetele”. Kamala Harris a făcut carieră în justiție înainte de a deveni politicianKamala Harris s-a născut în Oakland, în California. Cuplul nu are copii împreună, dar Kamala Harris este mamă vitregă pentru cei doi copii pe care avocatul îi are dintr-o căsătorie precedentă.
Persons: Joe Biden, Harris, Doug Emhoff, ❤️, , fi, r, Cr, ay, Fra, num, fo, ana, ist pol Organizations: Albă, ak, țământ din Locations: Americii, Statelor Unite, America, n la, Kam, se de, SUA
After his electric truck startup debuted on the New York Stock Exchange Friday, Thomas Healy became both the youngest CEO of a publicly traded company and one of America's youngest self-made billionaires. Healy has an estimated net worth of $1.6 billion, per a Business Insider analysis. In an exclusive interview with Business Insider, Healy shared what it's like to become a billionaire overnight. Now that Healy is the youngest CEO of a publicly traded company in the US and among its youngest self-made billionaires, it seems like he can barely believe it himself. "I think the best word I can use to describe it is surreal," Healy told Business Insider.
Before Cuban made his fortune, he experienced what it feels like to be truly broke in his early 20s. In Cuban's experience, the biggest misconception about getting, and staying, super rich is that money automatically changes you in a big way, he told Kennedy: "Everybody thinks that money changes you. Everybody thinks that money changes you. "No matter the scale, having more money than you did when you were broke changes you some," said Cuban. Don't miss: Mark Cuban doesn't want his kids to be 'entitled jerks'—here's his parenting strategyLike this story?
To export your iPhone contacts to an Excel spreadsheet, you should first sync your contacts with iCloud. From there, you can then download your iCloud contacts and convert them to an Excel-friendly format. Here are the steps you'll need to take to export your iPhone contacts to Excel, starting with enabling iCloud syncing. How to export iPhone contacts to Excel1. Emma Witman/Business InsiderIf all went accordingly, your iCloud contacts will be sorted in an organized, alphabetical spreadsheet.
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