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☆ Tax pros ‘expecting the worst' with Venmo, PayPal tax reporting change. How to handle a 1099-K for personal payments
▼ + stars: | 2022-12-16 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

As the tax season approaches, many Americans are bracing for a new reporting change for third-party payment networks like Venmo or PayPal. Starting in 2022, you'll receive Form 1099-K, which reports income to the IRS, for business payments over $600. But experts say it's possible you'll receive 1099-Ks for personal transfers by mistake. "As tax preparers, we are more or less expecting the worst," said Albert Campo, a certified public accountant and president of AJC Accounting Services in Manalapan, New Jersey. But the American Rescue Plan Act of 2021 dropped the threshold to just $600.

☆ A financial coach shares 9 ways to earn $8,000 a month in passive income to prepare for a recession, inflation, or layoffs
▼ + stars: | 2022-12-15 | by ( Alexandra York | Junior Entrepreneurship Reporter | Read More | ) www.businessinsider.com time to read: +7 min

Andrea outlines 9 of the easiest ways to earn passive income, including resale and blogging. She took her experience building passive income streams and teaching herself the fundamentals of financial literacy to launch the financial-advice blog The Financial Cookbook in February 2021. Julia CheskyAndrea said companies typically contact her about brand partnerships, but she encourages other entrepreneurs to be more proactive when looking for passive income avenues. She recommends selling old clothes, coupons received in the mail, or finds from garage sales or local stores. Nicholas Waskosky, a Poshmark seller, earns five figures a year selling old or upcycled clothes on the platform.

☆ Long Covid medical costs average $9,500 in first six months, as patients become 'health-system wanderers'
▼ + stars: | 2022-12-15 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Long Covid is a chronic illness that can carry potentially debilitating symptoms, which may last for months or years. Long Covid patients are "health-system wanderers," said Mark Newman, CEO and co-founder of Nomi Health. "There are diseases and conditions with a lot of obvious answers, and long Covid is not one of them," Newman said. In a separate study, Harvard University economist David Cutler estimated that long Covid costs patients $9,000 a year in medical expenses. Patients with long Covid racked up $9,000 in additional average medical costs per person when compared to similar people who had Covid but didn't have subsequent long-haul symptoms, Nomi Health found.

As the director of the White House Office of Legislative Affairs, Terrell, 53, leads a team that is the president’s collective eyes and ears in Congress. In fact, when we sat down for our conversation in the White House Executive Office Building, she said it was her first television interview – ever. And I think that kind of credibility on the Hill has been very important to move things.”Deep relationships matter too, she said. Courtesy Louisa TerrellTerrell’s lifelong relationship with the Biden family means she brings a unique perspective to her work in the White House. “There are folks in our shop, and again, folks here in the White House, who have some of those relationships.

A 2018 study by Ramsey Solutions, a financial consultancy, found money was the second leading cause of divorce behind infidelity. Ramit Sethi hosts couples with quarrels about money on his podcast "I Will Teach You How To Be Rich". Couples don't talk about money"Couples don't talk about money, especially in the early days," Sethi told Insider. "They don't talk about money until they have to. If you reverse engineer, it goes back to 'he wouldn't talk about money with me.'

WASHINGTON, Dec 9 (Reuters) - Thursday's release of U.S. basketball star Brittney Griner in exchange for a convicted Russian arms dealer has resurfaced an old question: Do prisoner swaps do more harm than good? The details of Griner's release highlight the painful trade-offs confronting the Biden administration. In one such case in 2016, North Korea detained American college student Otto Warmbier during a dispute with the international community over that country's missile launches. Many of the families argue that the U.S. should be willing negotiate and discount the argument that prisoner swaps lead more countries to grab Americans. Those hard choices meant Washington could either leave Whelan in Russian custody or else return empty-handed after months of negotiations.

☆ China's yuan could get a boost as Covid measures ease, says BK Asset Management
▼ + stars: | 2022-12-09 | by ( Jihye Lee | ) www.cnbc.com time to read: +2 min

watch nowThe Chinese yuan significantly strengthened in the past few days as China announced further easing of its Covid control measures. However, it quickly recovered to 6.96 within about a month as Chinese health authorities continued to announce further easing measures. "That will renew the demand for the Chinese yuan and drive the yuan even higher than it is right now." Beijing has been rolling back the restrictions "pretty quickly," and the surge in demand for the yuan comes with a sooner-than-expected easing measures, Lien said. Woman holds Chinese Yuan banknotes in this illustration taken May 30, 2022.

☆ The importance of driving responsible AI
▼ + stars: | 2022-12-09 | by ( Sponsor Post | Created Ibm With Insider Studios | ) www.businessinsider.com time to read: +5 min

AI governance is the responsibility of every organizationScaling the use of AI requires AI governance, the process of defining policies and establishing accountability throughout the AI lifecycle. When discussing AI governance, it's important to integrate the following into your AI governance solution:Lifecycle Governance: Manage and govern AI models across all stages of the AI lifecycle. AI lifecycle governance enables the business to operate AI at scale. At IBM, we believe AI governance will help businesses build AI that is transparent, explainable, fair, robust, and respecting of individual privacy. Learn more about how your team can leverage AI governance to address regulatory requirements and concerns around ethical use of AI in your organization.

☆ Airbnb takes 'anti-party stance' using stricter technology to prevent rowdy New Years Eve house parties
▼ + stars: | 2022-12-09 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Airbnb is getting even tougher on parties as the holiday celebration season rolls around. The company announced the launch of reservation screening technology in 11 countries over New Year's Eve weekend. Airbnb hosts will also be offered noise sensors to help prevent 'disruptive parties' from occurring. The San Francisco-based hospitality giant's rollout of heightened security measures follows a successful trial run in 2021 that contributed to a 56% drop in New Year's Eve party incident rates, the release reads. In June, Airbnb announced it would permanently ban parties after seeing a 44% year-over-year decrease in reported parties since temporarily banning them in 2020.

☆ Gen Z founders are changing the way many employers address their workers' mental health
▼ + stars: | 2022-12-08 | by ( Alexandra York | ) www.businessinsider.com time to read: +6 min

Many Gen Z founders are creating better workplaces for themselves and their staff. They're placing a large emphasis on supporting their employees' mental health and wellness. The generation is "leading the way to so many dramatic transformations around how we as a society are addressing mental health," she said. Samantha SyboWhile the young generation has made waves in mental health, Gen Z founders aren't immune to the emotional damage that comes with promoting a business online. Gen Z employees expect this progress in the workplaceYan and his two cofounders launched Simplify in 2020 to help job seekers land roles.

☆ Biden's big pandemic stimulus bill is still helping prop up pension funds nearly 2 years after it was passed
▼ + stars: | 2022-12-08 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Tucked in President Joe Biden's first big stimulus package was a provision to help fund pensions. Previously, there was a multiemployer pension crisis looming, with some potentially unable to pay out. But the money from the American Rescue Plan Act propped up 350,000 more workers' pensions. The nonpartisan Congressional Budget Office estimated that the provision in the American Rescue Plan would cost $86 billion, according to the House Committee on Education and Labor. The pension relief comes as Republicans potentially eye cuts to Social Security, another major social safety net for the elderly and retirees.

☆ I fill executive-assistant jobs at tech companies that pay up to $250,000 a year. There's a surprisingly low barrier to entry — I just look for these traits in people.
▼ + stars: | 2022-12-08 | by ( Elle Hardy | ) www.businessinsider.com time to read: +11 min

Jessica Vann recruits executive assistants for companies like Okta at her company Maven. She says executive assistants are nothing like secretaries — they're the eyes and ears of a leader. After all, an executive assistant preserves a company's scarcest and most precious resource: the leader of the organization. Raising issues to an executive assistant can give the executive the opportunity to intervene while there's still a chance. Are you a recruiter or executive assistant at a major tech company?

☆ How to prevent against increasingly personalized attacks from hackers
▼ + stars: | 2022-12-07 | by ( Sponsor Post | Created Ibm With Insider Studios | ) www.businessinsider.com time to read: +6 min

For today's hackers, it's personal. Rather than the massive "spray and pray" tactics of yesteryear, today's cybercriminals are getting creative with highly targeted and highly personalized attacks. Armed with better intel, today's cybercriminals are carrying out individually targeted, highly personalized attacks. According to the Cost of a Data Breach Report 2022, by Ponemon Institute and sponsored by IBM, 45% of data breaches occurred in the cloud. For many organizations, security is still viewed through a static and defensive lens.

☆ In wake of baby formula crisis, critical report recommends major food safety changes at FDA
▼ + stars: | 2022-12-06 | by ( Jen Christensen | ) edition.cnn.com time to read: +10 min

It enforces food safety regulations, works with local governments on food safety information, promotes dietary guidelines, and develops food safety information and education, as well as overseeing nutrition labels on most food and being responsible for promoting good nutrition practices to the US public. Another would have the FDA develop a strategy to increase funding for the Human Foods Program, with help from Congress. “The current culture of the FDA Human Foods Program is inhibiting its ability to effectively accomplish this goal” of protecting public health,” the report says. “The work of these independent evaluators will help to inform a new vision for the FDA Human Foods Program,” Califf said in a news release. Some critics have suggested that food safety takes a back seat to the FDA’s regulations of drugs and medical devices.

☆ 6 everyday ways to keep back pain at bay
▼ + stars: | 2022-12-06 | by ( Dana Santas | ) edition.cnn.com time to read: +6 min

CNN —For many people, back pain can make it difficult to function in everyday life. A proactive, daily-life approach to cultivating a healthy body is the key to keeping back pain at bay, writes Dana Santas. fizkes/Adobe StockBut what if, instead of being reactive, you took small daily steps to proactively avoid back pain altogether? Unfortunately, many people are unaware of the everyday actions that contribute to back pain — or steps that can be taken to avoid it. Taking a proactive, daily-life approach to cultivating a healthy body is the key to keeping back pain at bay.

☆ White House to ask oil and gas execs to support Ukraine energy infrastructure
▼ + stars: | 2022-12-05 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Roman Baluk/File PhotoDec 5 (Reuters) - The Biden administration is convening a virtual meeting on Thursday with oil and gas executives to discuss how the United States can support Ukrainian energy infrastructure, according to a letter seen by Reuters. The meeting comes as Russia seeks to cut off Ukraine’s energy supplies and destroy infrastructure as winter approaches with missile attacks. "As you know Ukrainian energy assets are being aggressively targeted in an effort to take advantage of the winter's coldest temperatures and harshest weather conditions. Together, we can help to boost Ukrainian resilience," wrote David Turk, U.S. deputy secretary of energy, in a letter to oil and gas executives. It involves members of the Oil and Natural Gas Sector Coordinating Council, which includes 26 trade associations.

☆ CDC encourages people to wear masks to help prevent spread of Covid, flu and RSV over the holidays
▼ + stars: | 2022-12-05 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

The Centers for Disease Control Prevention on Monday encouraged people to wear masks to help reduce the spread of respiratory illnesses this season as Covid, flu and RSV circulate at the same time. The CDC director said the agency is considering expanding its system of Covid community levels to include other respiratory viruses such as the flu. The system is the basis for when CDC advises the public to wear masks. About 5% of the U.S. population lives in counties where the CDC is officially recommending masks due to high Covid levels. Dr. Sandra Fryhofer, board chair of the American Medical Association, said the circulation of Covid, flu and RSV at the same is a "a perfect storm for a terrible holiday season."

☆ Forget smartwatches, consumers are buying up these quirky, alternative wearable devices
▼ + stars: | 2022-12-03 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +6 min

People turned to activity trackers, smartwatches and other devices to keep tabs on their steps, vital statistics and more. Rather than sitting inside or on top of the ear canal, bone conduction headphones rest in front of the ear, leaving it uncovered. Bone conduction headphones by Shokz. Shokz ($125) pioneered bone conduction headphones, but the market has since expanded with other brands offering similar designs. But some audiophiles say the sound quality on bone conduction headphones and open earbuds is less than stellar.

☆ Asian American voters could help decide the Senate runoff in Georgia, experts say
▼ + stars: | 2022-12-02 | by ( Sakshi Venkatraman | Sakshi Venkatraman Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +6 min

“We’re also meeting people at their doors.”When it came to appealing to South Asian voters in Georgia, Nabilah Islam said her “secret weapon” had been under her nose for years. During her recent campaign for state Senate, the 33-year-old Bangladeshi American brought conversations about issues to aunties and uncles on their home turf: WhatsApp. She's now the first South Asian ever elected to the Georgia state Senate. A bloc starting to gain more recognitionAccording to Karthick Ramakrishnan, co-director of AAPI Data, the concerted efforts to appeal to Asian voters in Georgia are reflected in nationwide politics. Steps like these prove grassroots efforts to appeal to AAPI voters work, Makhija said.

☆ Pfizer to invest more than $2.5 bln to expand European manufacturing
▼ + stars: | 2022-12-02 | by ( Michael Erman | ) www.reuters.com time to read: +4 min

The Puurs site has played a key role in the production of COVID-19 vaccine shots Pfizer developed with its German partner BioNTech (22UAy.DE) using the messenger RNA (mRNA) technology. Output started there in late 2020 when Europe and the United States began rolling out shots to tackle the pandemic. "It is all aligned with the growth of our pipeline," Pfizer Chief Global Supply Officer Mike McDermott told Reuters. Pfizer has also been spending significantly to expand its manufacturing capacity in the United States. The New York-based drugmaker has announced plans to expand its Kalamazoo, Michigan, Rocky Mount, North Carolina, and McPherson, Kansas plants.

☆ 4 Navy sailors assigned to same facility die by apparent suicide within weeks, amid growing concerns of mental health crisis
▼ + stars: | 2022-12-01 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | Melissa Chan | ) www.nbcnews.com time to read: +8 min

At least four U.S. Navy sailors assigned to the same facility in Virginia died by suicide in the last few weeks, including one as recently as Saturday, military officials and family members said. It is the latest cluster of Navy suicides this year to spark concerns of a fleetwide mental health crisis. The 22-year-old U.S. Navy sailor died by suicide on Nov. 5. Caserta’s parents, Arestivo and military mental health experts said both are critical reforms needed to reduce suicides in the services. Nearly 17 out of every 100,000 Navy sailors died by suicide in 2021, compared to members of the Army, who had the highest rate, at about 36 per 100,000, Pentagon statistics show.

☆ A market mystery: Energy stocks are still riding high even as crude oil tumbles
▼ + stars: | 2022-11-30 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Traders are watching oil vs. oil stocks and thinking something has to give. Energy bulls insist supplies will remain tight and oil prices will likely be higher in 2023. Variable dividends Lower oil prices are not just a threat to profits: many oil companies have instituted variable dividends, where the variable portion of the payouts are dependent on cash flow. Companies with a variable dividend include Pioneer (PXD), ConocoPhillips (COP), Devon Energy (DVN), Diamondback Energy (FANG), and Coterra Energy (CTRA). The downside: No one is sure what the total payout (the fixed dividend plus the "variable" dividend) will be from quarter to quarter.

☆ Enerza is developing a robot named Boa that uses 5G to snake across power lines and report looming problems to utility companies
▼ + stars: | 2022-11-29 | by ( Karen Fischer | ) www.businessinsider.com time to read: +5 min

Toronto startup Enerza built a robot named Boa that uses 5G to report problems to utility companies. "Remote areas suffer quite a bit from utility outages," said James Aein, CEO of Enerza, a 5G startup based in Toronto. Enerza is prototyping and patenting a robot named Boa that snakes across power lines to report back to utility companies on looming problems — and potentially prevent mass outages before they start. "That leaves a five kilometer radius of where the precise power line experiencing the problem could be." In some Canadian provinces, like Yukon, a major culprit behind power outages are iced power lines.

Insider breaks down the four qualities he said in his book were key toward boosting productivity. He developed the so-called the FASE method — focus, attention, systematization, and energy — for boosting productivity. In his 2017 book, "Lead Yourself: The Definitive Method to Be More Productive," Peralt wrote that four key qualities are essential to boosting productivity. "You need to be motivated and hungry to have a reason to start the process because, undoubtedly, it requires effort," Peralt wrote. An action-oriented attitudeAccording to Peralt, one of the most important qualities you need to improve your productivity is an action-oriented attitude.

☆ The Bahamas has hit out at 'extremely regrettable' criticism from FTX's new CEO after the Nassau-based crypto giant collapsed
▼ + stars: | 2022-11-28 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

After FTX went bankrupt, the Bahamas suspended its license and took control of its digital assets. The Bahamas attorney general accused the FTX CEO of "inaccurate allegations" in his court filings. After the crypto exchange founded by Sam Bankman-Fried entered bankruptcy earlier in November, the Bahamas suspended FTX's license and took control of its digital assets by transferring them into a government crypto wallet. Ray is also known for acting as CEO for energy giant Enron, and handled its liquidation after accounting fraud. FTX's bankruptcy has led to calls for tighter crypto regulations from both US senators and the Bank of England.

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