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☆ The story of inflation, as told through your child's backpack
▼ + stars: | 2023-08-04 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Back-to-school shopping hasn't been easy this year for Lauren Cyr. Total spending on school-related items for students in these grades is expected to climb to a new high of $41.5 billion. Instead, consumers have reported that purchases of more supplies and bigger-ticket items have contributed to higher spending this year. While inflation has broadly slowed, consumers may not feel any respite as prices of school supplies are still rising. "By being flexible in what you're purchasing, you can actually come away with both a happy child and a happy wallet."

Persons: Lauren Cyr, ", Cyr, Cyr isn't, Jay Zagorsky Organizations: National Retail Federation, Prosper, Boston University's Questrom School of Business Locations: Ruskin , Florida

☆ Canadian dollar hits 2-month low after surprise jobs loss
▼ + stars: | 2023-08-04 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto January 23, 2015. For the week, the risk-sensitive currency was down 0.9%, its third straight weekly decline, as a jump in long-term bond yields rattled equity market investors. The Canadian economy shed 6,400 jobs in July, missing estimates for a gain of 21,100, while the jobless rate ticked up to 5.5%. Money markets see chances of another Bank of Canada rate hike this year at about 50%, down from 80% before the jobs report. Canadian government bond yields fell across the curve.

Persons: Mark Blinch, Jay Zhao, Murray, Fergal Smith, Grant McCool Organizations: REUTERS, greenback, Canadian, U.S, Bank of Canada, Monex Canada, Canada, U.S ., Thomson Locations: Toronto, TORONTO

☆ Private jets can be tracked. Here are all the sneaky ways billionaires can still fly unseen.
▼ + stars: | 2023-07-24 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

Sweeney also publicly tracked the personal jets of celebrities like Donald Trump, Taylor Swift, and Mark Zuckerberg. Its easier to hide on a chartered business planeLVMH CEO Bernard Arnault on board his private jet between Beijing and Shanghai. The FAA can make tracking more difficult, but it's not foolproofPuma/Jay Z's jet tracked on ADS-B Exchange with LADD indicator. Basically, this allows private aircraft owners to request the Federal Aviation Administration redact their tail number from public tracking. This means companies that use federal data to track commercial and general aviation flights, like FlightAware and FlightRadar24, will not display LADD-identified planes.

Persons: Jack Sweeney ruffled, Elon Musk, Taylor Swift, Tim Cook, Jack Sweeney, Sweeney, Donald Trump, Mark Zuckerberg, Bernard Arnault, Marc DEVILLE, LVMH Moët Hennessy Louis Vuitton, Arnault, Puma, Jay Z's, Travis Scott, Jay, Steven Spielberg, Oprah, LADD Organizations: Tesla, Gulfstream, Twitter, Getty, Bombardier, Apple, FAA, LADD, Federal Aviation Administration, PIA, Facebook Locations: Idaho, Beijing, Shanghai, China

☆ Bank of Canada seen hiking rates quarter point to tame stubborn inflation
▼ + stars: | 2023-07-10 | by ( Steve Scherer | ) www.reuters.com time to read: +2 min

In June, the central bank raised its overnight rate to a 22-year high of 4.75% after a five-month pause, saying monetary policy was not restrictive enough. Data in the past month showed some signs of a slowdown - inflation cooling to 3.4%, a tepid May jobs report and a surprise trade deficit in May. "We expect the BoC to take the policy rate 25 basis points higher to 5%." Twenty of 24 economists surveyed by Reuters expect the bank to lift rates by another quarter-point and then hold well into 2024. Reporting by Steve Scherer, additional reporting by Fergal Smith; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Jay Zhao, Murray, Andrew Grantham, Steve Scherer, Fergal Smith, David Gregorio Our Organizations: OTTAWA, Bank of Canada, BoC, Monex, Reuters, CIBC Capital Markets, Thomson Locations: Canada

☆ I work as a celebrity stylist and moved from Paris to Los Angeles. Now I dress stars like Cardi B and Lil Nas X.
▼ + stars: | 2023-06-17 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Lycia Lamini moved from Paris to Los Angeles to pursue her dream of being a celebrity stylist. Now the 22-year-old is dressing some of the biggest celebrities including Cardi B and Lil Nas X. I packed up and moved from Paris to Los Angeles almost a year ago to pursue my dream of becoming a celebrity stylist. I attended fashion week events, which opened doors for me. Lycia Lamini has styled celebrities including Cardi B, Lil Nas X and Burna Boy.

Persons: Lycia Lamini, Cardi, Lil Nas, —, Lycia, Kollin Carter, Karl Lagerfeld, Prada, Christian Dior, Lenny S, Jay Z's, I've, Joey Bada, Kali, they're Organizations: Service, Art Basel, Roc Nation, Paris Fashion Locations: Lycia, Paris, Los Angeles, LA, Miami

☆ What Is Cash Value Life Insurance and Is It Worth It?
▼ + stars: | 2023-06-09 | by ( ) www.wsj.com time to read: +10 min

What is cash value life insurance? Although you’ll see insurance companies advertise various life insurance products, all policies can be divided into two categories: term and cash value. How your policy’s cash value worksCash value life insurance is so named because of its ability to build cash value. Types of cash value coverageThere are two main types of cash value insurance:Whole lifeWhole life insurance is the most popular form of cash value insurance. Universal lifeUniversal life policies are more flexible than whole life policies.

Persons: Kat Tretina, you’re, PolicyGenius, Jay Zigmont, “, they’re, ” Zigmont, Andrew Latham, you’ll, ”, Latham Organizations: Universal, American Council of Locations: Water Valley, Miss, Santa Ana, Calif

☆ We're in the early stage of the A.I. hype cycle, says venture capital fund
▼ + stars: | 2023-06-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're in the early stage of the A.I. hype cycle, says venture capital fundJay Zhao of Leonis Capital says many Silicon Valley investors are "pouring a lot of capital" into artificial intelligence companies with high valuations.

Persons: Jay Zhao Organizations: Leonis Capital

☆ Analysis: Strong economy puts Bank of Canada's 4-month rate hike pause in doubt
▼ + stars: | 2023-06-05 | by ( Steve Scherer | ) www.reuters.com time to read: +4 min

Inflation, which peaked at 8.1% last year, accelerated for the first time in 10 months in April to 4.4%, more than double the Bank of Canada's 2% target. The recent recovery in Canada's housing market is also putting pressure on prices, analysts say. "The Bank of Canada's penchant for surprising traders means that nothing can be ruled out," said Royce Mendes, head of macro strategy at Desjardins Group. Mendes said there could be more than one rate hike in the cards, and Canadians should "brace themselves for a further tightening in financial conditions this summer". "The latest round of data adds weight to our view that the Bank will need to conduct an insurance rate hike at either of its next two meetings," said Jay Zhao-Murray, FX analyst at Monex Canada.

Persons: Stephen Brown, Royce Mendes, Mendes, Macklem, Jay Zhao, Murray, Steve Scherer, Fergal Smith, Denny Thomas, Daniel Wallis Organizations: OTTAWA, Bank of Canada, BoC, Bank of Canada's, North, Capital Economics, Reuters, Federal Reserve, Desjardins Group, Monex Canada, Thomson Locations: North America, United States, States

☆ Amy Errett is the entrepreneur disrupting the $40 billion dollar hair color business - investors include Jay Z and Howard Schultz
▼ + stars: | 2023-05-30 | by ( Patricia Martell | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmy Errett is the entrepreneur disrupting the $40 billion dollar hair color business - investors include Jay Z and Howard SchultzAmy Errett is the founder of Madison Reed, the hair color start-up that is taking on the $40 billion dollar hair color industry. Investors in Madison Reed include Howard Schultz and Jay Z's Marcy Ventures.

Persons: Amy Errett, Jay Z, Howard Schultz Amy Errett, Madison Reed, Howard Schultz, Jay Z's Marcy Organizations: Investors, Jay Z's Marcy Ventures Locations: Madison

☆ Russia's economy is at China's mercy. Here's why that won't be changing anytime soon.
▼ + stars: | 2023-05-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Russia's economy is becoming dependent on China and it could soon be a vassal state of Beijing, experts say. But it isn't an equal partnership, and Russia may be on its way to becoming a vassal state of China. Richard Connolly, an associate fellow at the Royal United Services Institute and an expert on the Russian economy, disagreed with the term "vassal state." "Was Russia a vassal state to Europe over the last 30 years? The difficulties it is facing make it only more likely that Russia will deepen its dependence on China, Zagorsky said.

☆ Ron DeSantis lines up business leaders to raise money for 2024 presidential run
▼ + stars: | 2023-05-23 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

They'll receive briefings from campaign staff and call around to raise money for the campaign, NBC News reported. Ron DeSantis has assembled a team of wealthy business leaders to help raise money for his presidential campaign, according to a partial list of fundraisers provided by a senior political official with the Florida Republican. Lambert served on Trump's Inaugural Committee and was a national finance chair for Trump's successful 2016 campaign for president, according to his website. Records show that Lambert has also donated to the Friends of Ron DeSantis PAC and Trump's campaign. Jay Zeidman, a managing partner at health care investment firm Altitude Ventures, is also listed as a DeSantis campaign fundraiser.

Persons: They'll, DeSantis, Donald Trump's, David Horowitz, Horowitz, Elon Musk, Ron DeSantis, Trump's, Hal Lambert, Lambert, Trump, Jay Zeidman, Zeidman, Jeb Bush's, Bush's, George P, Bush, Frank Mermoud, Orpheus, Mermoud Organizations: NBC News, GOP, Horowitz Group, CNBC, Florida Republican, White, Republican National Committee, MAGA, Ron DeSantis PAC, Ventures, Florida Gov, New York Times, Records Locations: Miami, California, Florida

Once known as Square, Block agreed in March 2021 to pay $306 million for an 87.5% stake in Tidal. The pension fund also said Dorsey, a co-founder of Block and Twitter, was Block's only top executive who supported the purchase, and bought Tidal because he and Jay-Z were friends. But in concluding that Block directors did not breach their fiduciary duties, McCormick said she could not "presume bad faith based on the merits of the deal alone." Jay-Z, the rapper and music mogul whose real name is Shawn Carter, joined San Francisco-based Block's board after the Tidal purchase and remains a director. The Delaware case was a derivative lawsuit that sought to have Block's directors or their insurers pay damages to the company for shareholders' benefit.

☆ Dollar dominance isn't going anywhere. Here are 5 myths about de-dollarization.
▼ + stars: | 2023-05-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

The dollar's dominance isn't at risk, three currency experts told Insider. Vocal observers, like Tesla CEO Elon Musk, have warned that the threat of de-dollarization is real, as countries like China take measures to supplant the dollar. They debunked five myths and misconceptions that are commonly touted by dollar doomsayers:1. The dollar is losing its stance as the top currency in global tradeThis claim also isn't supported by data. Though the percentage of dollar reserves has slipped, he estimates it would take around 24 years for global dollar reserves to drop another 12%.

Companies Peloton Interactive Inc FollowNEW YORK, May 2 (Reuters) - A U.S. judge on Tuesday refused to let Peloton Interactive Inc (PTON.O) customers pursue a class action accusing the bike and treadmill maker of misleading them about the "ever-growing" size of its library of on-demand fitness classes. The decision is a victory for New York-based Peloton, because class actions can allow for greater recoveries at lower cost than when plaintiffs sue individually. According to the customers, Peloton knew this could happen, yet kept charging full price for products containing copyrighted songs by Adele, Beyoncé, Luke Bryan, Drake, Ariana Grande, Madonna, Justin Timberlake, Jay Z and other artists. Peloton settled the licensing lawsuit by the National Music Publishers' Association and 14 members in February 2020. The case is Passman et al v Peloton Interactive Inc, U.S. District Court, Southern District of New York, No.

CNN —Harry Belafonte, the dashing singer, actor and activist who became an indispensable supporter of the civil rights movement, has died, his publicist Ken Sunshine told CNN. Bettmann Archive/Getty Images Belafonte, left, plays a school principal in a scene from the film "See How They Run" in 1952. Bettmann Archive/Getty Images Belafonte poses with the Emmy Award he won in 1960 for the musical special "Tonight With Belafonte." Fred Sabine/NBCU/Getty Images Belafonte and other recipients of Albert Einstein Commemorative Awards display their medallions after being honored in 1972. He is survived by his wife Pamela, his children Adrienne Belafonte Biesemeyer, Shari Belafonte, Gina Belafonte, David Belafonte, two stepchildren Sarah Frank and Lindsey Frank and eight grandchildren.

☆ Bank of Canada seen holding on rates amid cooling inflation, financial turmoil
▼ + stars: | 2023-04-12 | by ( Steve Scherer | ) www.reuters.com time to read: +3 min

[1/2] Governor of the Bank of Canada Tiff Macklem walks outside the Bank of Canada building in Ottawa, Ontario, Canada June 22, 2020. Last month the Bank of Canada became the world's first major central bank to pause its tightening campaign, leaving its benchmark rate at 4.50%. However, bank failures in the United States and Europe have put central bankers on guard against a widespread credit crunch. All 33 economists polled by Reuters agree that the Bank of Canada (BoC) will hold its key overnight rate steady. "Hiking in this environment would put markets on high alert," said Jay Zhao-Murray, FX Market Analyst at Monex Canada, in a note.

☆ Bank of Canada and Fed head for historic divergence, in a blow to loonie
▼ + stars: | 2023-03-09 | by ( Fergal Smith | ) www.reuters.com time to read: +3 min

[1/2] A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. A lower expected peak for Canadian rates has pressured the Canadian dollar against its U.S. counterpart. ,Canadian rates have peaked below U.S. rates in the three major tightening cycles since the start of the millennium, with the gap ranging between 50 and 75 basis points. "Poring over the national accounts, it's increasingly clear that interest-sensitive demand has wilted in Canada," Warren Lovely and Taylor Schleich, strategists at National Bank of Canada, said in a note after the recent GDP data. Still, there could be a limit to how much interest-rate divergence the BoC will allow, say analysts.

☆ Bank of Canada seen leaving rates unchanged as growth stalls
▼ + stars: | 2023-03-08 | by ( Steve Scherer | ) www.reuters.com time to read: +3 min

[1/2] Bank of Canada Governor Tiff Macklem holds a news conference at the Bank of Canada, amid the coronavirus disease (COVID-19) outbreak, in Ottawa, Canada, June 22, 2020. "We expect the Bank of Canada to be the first G10 central bank to hold rates," said Jay Zhao-Murray, a forex analyst at Monex Canada. Money markets expect the policy rate to be left on hold on Wednesday but are pricing in another tightening by September. "Look for the Bank of Canada to point to slowing GDP growth and inflation when justifying its decision to maintain the level of rates," said Royce Mendes and Tiago Figueiredo, Desjardins economists, in a note. "The central bank is unlikely to do much to endorse the view that further rate hikes will be necessary," they said.

☆ A husband-wife duo turned the $1,700 Snoo into the holy grail of parenting, but some say they run their company like a dysfunctional 'surveillance state'
▼ + stars: | 2023-02-13 | by ( Kate Taylor | Jake Swearingen | ) www.businessinsider.com time to read: +31 min

Karp and Montée Karp built the hype into a parenting-media empire that put out three books and two instructional films in 10 years. Karp and Montée Karp met at a Hollywood party in the early '90s. Karp and Montée Karp promised her independence and flexibility to accommodate her two young children's day-care schedules and a 90-minute commute. Karp and Montée Karp insisted on being involved in minutiae that most top executives hand off. Karp and Montée Karp turned the Snoo into an award-winning holy grail of parenthood in just a few years.

☆ Nina Montée Karp and Dr. Harvey Karp turned the $1,700 Snoo into the holy grail of parenting. But some say they overhyped the crib's abilities and created a nightmarish corporate culture.
▼ + stars: | 2023-02-13 | by ( Kate Taylor | Jake Swearingen | ) www.businessinsider.com time to read: +31 min

☆ I've gotten celebs like Post Malone and DJ Khaled to share stories about being self-made. Here's what they've told me and how I get them to open up.
▼ + stars: | 2022-12-26 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +5 min

Brett Berish is the CEO of liquor company Sovereign Brands, which sold one of its brands to Jay Z. He hosts the celebrity interview series 'Self-Made' where celebs share their rags to riches stories. When I see people hold the bottles on Instagram or somewhere, I feel like I've achieved something — I've created something. My favorite conversations on the show are the most transparentMy first "Self-Made'' interview was in 2017 with Post Malone. I'm intrigued by these 'Self-Made' stories because I have one tooI've been in the liquor business for over 20 years.

Debt-settlement companies negotiate with credit card companies on your behalf when you have multiple missed paymentsDebt-settlement companies work as go-betweens that negotiate with your creditors to reduce or eliminate the amount you owe. Mitchell's credit card debt spun out of control because of compound interestLike many Americans, the source of Mitchell's money problems was too much credit card debt. Without refinancing or outside help, it can be practically impossible to get out of credit card debt. A common strategy to get out of credit card debt faster is to refinance your debt into a personal loan with simple interest. "When you are seriously overdue on credit card debt, usually 90 days or more, you may be able to negotiate to pay off your debt for less.

☆ How Elon Musk, Donald Trump, Taylor Swift, and others are trying to dodge jet tracking
▼ + stars: | 2022-12-18 | by ( Taylor Rains | Grace Kay | ) www.businessinsider.com time to read: 1 min

While, on the surface, this seems like a reliable way to avoid being tracked, Sweeney is thwarting their plans by using ASD-B Exchange. The website does not use FAA data, so it can display any flight regardless of if it is on the LADD list or not. Puma/Jay Z's jet tracked on ADS-B Exchange with LADD indicator. ADS-B Exchange

☆ Elon Musk and Donald Trump are trying new ways to dodge jet tracking — but it's not a 'silver bullet'
▼ + stars: | 2022-12-16 | by ( Taylor Rains | Grace Kay | ) www.businessinsider.com time to read: +5 min

LVMH CEO Bernard Arnault is one: He recently sold his private aircraft so "no one can see where I go," and he now rents jets instead. The program allows private aircraft owners to block their planes from being publicly shown on websites like FlightAware and FlightRadar24, which use FAA data. Puma/Jay Z's jet tracked on ADS-B Exchange with LADD indicator. Sweeney's Elon Jet Twitter bot also recorded the flight. Elon Musk's private jet flight with PIA flag, tracked by Jack Sweeney.

☆ Parental leave is the greatest benefit workers don't take
▼ + stars: | 2022-12-14 | by ( Rebecca Knight | Shana Lebowitz | ) www.businessinsider.com time to read: +8 min

The share of US workers who have access to family leave, including parental leave, is increasing. Like many women, Amanda Krupa took less parental leave than she was allowed in order to protect her career and income. The rate of women taking maternity leave hasn't changed since the '90sThe US is the only industrialized country that doesn't guarantee paid parental leave. Some employers offer short-term-disability insurance to help cover workers' parental leave, but it doesn't always replace all wages. Today, all employees there are eligible for 16 weeks of paid parental leave.

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