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☆ The Birkin bag is not just the ultimate fashion symbol — it's one of the best luxury investments out there
▼ + stars: | 2023-07-17 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +3 min

Jane Birkin died in Paris on Sunday at age 76. Because, for me, the Birkin bag — which retails for anywhere from $10,000 to $250,000 for the more high-end designs — primarily represents a store of value. The value of gold rose by about 2% on average over the 35 years. And I, for one, can't stop from marveling that all this was spurred from a chance conversation between Jane Birkin and an Hermès executive back in 1980. The singer and actor who inspired Hermès' signature bag died on Sunday at age 76.

Persons: Jane Birkin, Birkin, scoffed, Jane Birkin's, Hermès, Baghunter Organizations: Service, Credit Suisse, Deloitte, Dow Locations: Paris, Wall, Silicon, Mumbai

June 20 (Reuters) - Civitas Resources (CIVI.N) said on Tuesday it would acquire oil and gas operations in the Permian basin managed by private equity firm NGP Energy Capital Management for $4.7 billion, expanding its operations into the lucrative shale patch. The deal is transformative for Civitas, which until now operated solely in Colorado's Denver-Julesburg (DJ) basin. Under the terms, Civitas has agreed to purchase a portion of Tap Rock Resources' assets and all of Hibernia Energy III's operations. "Simply put, these transactions make Civitas a better company, and we see tremendous opportunity to add value in the Permian that will complement our leading oil position in the DJ basin," Civitas Chief Executive Chris Doyle told analysts. News of the deal, which Reuters was first to report on Monday, sent Civitas' shares 8% lower.

Persons: Civitas, Chris Doyle, Ben Dell, David French, Mrinalika Roy, Shilpi Majumdar, Emelia Organizations: Civitas Resources, NGP Energy Capital Management, Rock Resources, Hibernia Energy, Reuters, Thomson Locations: Colorado's Denver, U.S, Rock, DJ, Texas, New Mexico, Denver, New York, Bengaluru

☆ I used LinkedIn's new AI chat feature to message people about job opportunities. It saved time, but kept getting my experience wrong.
▼ + stars: | 2023-06-19 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

LinkedIn is testing out an AI-generated chat feature that drafts messages about job opportunities. LinkedIn is testing out a new AI-generated chat feature to help users message people about job opportunities. Another function LinkedIn is testing generates AI messages to recruiters asking for further information about job listings on the site. LinkedIn claimed that by letting AI draft my message, I could boost my chances of getting hired "by up to 3x." LinkedIn is giving some Premium users the option to use AI to draft messages to recruiters.

Persons: I'd, Hope, Grace LinkedIn, I've Organizations: LinkedIn, Inc, Microsoft, Bing

☆ Watch: Senate Passes Bill to Suspend the Debt Ceiling, Avoid Default
▼ + stars: | 2023-06-02 | by ( ) www.wsj.com time to read: 1 min

Big Tech Relies on Outsourcing. Facebook content moderators hired by a third-party contractor in Kenya are suing over working conditions. The contractor involved denies the allegations and Facebook parent Meta is arguing it shouldn’t be involved in the lawsuit. The outcome of this case and two others could have a profound impact on big tech and the industry’s outsourced workforce. WSJ South Africa-based business reporter Alexandra Wexler joins host Zoe Thomas to explain.

Persons: shouldn’t, Alexandra Wexler, Zoe Thomas, Daniel Irungu Organizations: Tech, Facebook, Meta, WSJ Locations: Africa, Kenya

☆ Satellite Images Reveal Russian Defenses for Ukraine Counteroffensive
▼ + stars: | 2023-06-02 | by ( ) www.wsj.com time to read: 1 min

Persons: shouldn’t, Alexandra Wexler, Zoe Thomas, Daniel Irungu Organizations: Tech, Facebook, Meta, WSJ Locations: Africa, Kenya

☆ Watch: Biden Falls at U.S. Air Force Academy Commencement
▼ + stars: | 2023-06-01 | by ( ) www.wsj.com time to read: 1 min

Persons: shouldn’t, Alexandra Wexler, Zoe Thomas, Daniel Irungu Organizations: Tech, Facebook, Meta, WSJ Locations: Africa, Kenya

☆ A Veteran Business Journalist (and Wine Lover) Learns an Age-Old Lesson
▼ + stars: | 2023-05-30 | by ( James Barron | ) www.nytimes.com time to read: +1 min

As he acknowledged, the story was unusual because it had started with his own experience with Sherry-Lehmann, a New York store that had long been venerated. Many New Yorkers who don’t know wine know about Sherry-Lehmann. “The customer base on the Upper East Side left town,” debilitating the company’s bottom line, Stewart told me. For people who know their wine, Sherry-Lehmann was something more than a retail store with Park Avenue respectability. Just as there are corn futures and soybean futures, there are wine futures, which struck me as a concept a business reporter would love.

☆ Just because you can work remote doesn't mean you should get to, says LaSalle CEO Tom Gimble
▼ + stars: | 2023-05-17 | 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 EmailJust because you can work remote doesn't mean you should get to, says LaSalle CEO Tom GimbleLydia Moynihan, New York Post business reporter, and Tom Gimble, LaSalle Network CEO join 'Last Call' to discuss Elon Musk's comments on working from home and the state of the workforce in the U.S.

REUTERS/Nadja Wohlleben/File PhotoApril 20 (Reuters) - From cannabis-infused flowers to edible weed gummies, marijuana companies are pulling out all the stops as they eye bumper sales on April 20 - a day referred to as "4/20" in weed culture. Industry insiders expect highest single-day sales ever for the cannabis sector on Thursday even as the industry faces increased scrutiny from lawmakers in the United States. 4/20, derived from a trope for smoking marijuana, typically sees cannabis companies such as High Tide, Canopy Growth (WEED.TO), and Trulieve Cannabis Corp (TRUL.CD) amp up promotions, throwing in exclusive deals and discounts to lure customers. Wholesale cannabis platform Leaflink expects sales of infused flowers and pre-rolled joints to jump 500%-1,000% compared to 2022. According to seasonality data from cannabis data firm BDSA, cannabis retailers see more sales on Thursdays than on Wednesdays and Tuesdays.

Top producers have built a war chest to fund acquisitions after reaping windfall profit in 2022 from skyrocketing oil prices following Russia's invasion of Ukraine. At least three analysts have identified Diamondback Energy Inc (FANG.O), Matador Resources Inc (MTDR.N) and Permian Resources Corp (PR.N) as possible takeout targets. The shale patch, which lies between Texas and New Mexico, has the necessary infrastructure and is known for high productivity and large undeveloped reserves. But a surge in oil prices last year helped turn the tide. Last week, ConocoPhillips (COP.N) CEO Ryan Lance said he was expecting more shale deals, adding that "consolidation needs to happen" among Permian Basin energy producers.

☆ Customers Are Being Asked to Tip Everywhere. They're Sick of It.
▼ + stars: | 2023-03-10 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +4 min

Many have taken a stand against the pressure to tip everywhere, saying the US has a "tipping culture." But the shift in American tipping culture has come with some consumer backlash. Even as consumers expect to be solicited for a tip when they're out and about, some on social media are working to draw a new line, spurring regular debates. Dubbed "tipping culture" by many on social media, the feeling that gratuities have become compulsory has also spread beyond North America and into other countries like Australia. Still, many on the side of service workers argue that tipping is necessary for many workers to be able to stay afloat and pay their rent.

☆ A budget is a messaging document, says fmr. WH Chief of Staff Mick Mulvaney
▼ + stars: | 2023-03-09 | 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 EmailA budget is a messaging document, says fmr. WH Chief of Staff Mick MulvaneyFounder of Operation Hope John Hope Bryant, New York Post business reporter Lydia Moynihan and Mick Mulvaney, former OMB director and former White House chief of staff, join CNBC's Brian Sullivan and 'Last Call' to react to President Biden’s budget proposal, which was delivered today.

☆ Is the Fed ignoring long Covid in its inflation fight?
▼ + stars: | 2023-02-03 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

But it’s premature to say that Covid is no longer an economic issue when long Covid has such a significant effect on America’s workforce, economists and health care officials say. Long Covid, which stems from a Covid-19 infection, is considered a chronic illness that is sometimes debilitating. As many as 30% of Americans, about 23 million people, develop long Covid after a Covid infection, said the US Department of Health and Human Services in November. “Long Covid has harmed the workforce,” said the report, compiled by the New York State Insurance Fund. Caregiving for those suffering from Covid or long Covid is also affecting the labor imbalance, said Giacomo Santangelo, an economics professor at Fordham University.

☆ Musk's ad strategy shows media companies can't quit Twitter, says Axios' Hope King
▼ + stars: | 2023-01-20 | 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 EmailMusk's ad strategy shows media companies can't quit Twitter, says Axios' Hope KingHope King, Axios business reporter, joins 'Squawk Box' to discuss what Twitter is losing in Musk's ad strategy and what they're gaining, how King would characterize Twitter at this time and more.

Grace Dean is a Business Reporter at Insider's London office. She covers retail, transport, tech, healthcare, politics, and other breaking business news, but specializes in the restaurant industry and the labor market. She joined the team in August 2020 after working as the Editor-in-Chief of Newcastle University's student newspaper the Courier. You can email her at gdean@insider.com. Read moreRead less

☆ Is Elon Musk's leadership at Twitter tarnishing his genius reputation?
▼ + stars: | 2022-12-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIs Elon Musk's leadership at Twitter tarnishing his genius reputation? Hope King, Axios business reporter, joins CNBC's 'Squawk Box' to discuss Elon Musk's performance at Twitter and whether it's hurting his reputation as a genius.

Economists are sounding the alarm bells about a likely recession in 2023.Insider spoke to five personal finance experts to get their tips on preparing for a downturn. Insider spoke to five personal finance experts to uncover the key steps to help you bulletproof your finances ahead of a rocky new year. "Drop-shipping" — acting as an intermediary between a supplier and customers – affiliate marketing, and earning advertising income from websites are some ways you can build passive income streams. Olamide Majekodunmi, founder of All Things Money, a financial education blog for millennials, said it's important not to sink too many up-front costs into passive income streams in the hope they'll bear fruit. And Chen said it still takes lots of work to get to a point where you can enjoy passive income.

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.'

With Americans predicted to spend nearly $1,000 each on gifts, Christmas is coming at a bad time. A Gallup poll published in October suggested US households will spend an average of $932 on gifts alone. Add to that increased travel and socializing, and you could be putting yourself in financial peril at the worst possible time. Push gift-giving back a few daysIf you want to carry on gifting, but aren't committed to tradition, you could try gifting in January. Huddleston suggested getting each guest to bring a dish or bottle to share costs.

☆ How FTX's implosion put crypto news sites like CoinDesk, The Block, and Decrypt in the spotlight as they work to fend off an ad slump and conspiracy theories about their coverage
▼ + stars: | 2022-11-24 | by ( Reed Alexander | Steven Perlberg | ) www.businessinsider.com time to read: +15 min

Crypto news sites like CoinDesk, The Block, and Decrypt have dominated coverage of the FTX implosion. Now, crypto media staffers are wondering whether more dominoes falling from FTX could further hurt the industry or cripple their ad revenues. "We cover the good, the bad and the ugly," Dan Roberts, the editor-in-chief of Decrypt, told Insider. "In general, I think these things are good for crypto media," he said. Stacy-Marie Ishmael, the managing editor for Bloomberg's crypto team, likened burgeoning crypto coverage to 1990s coverage of the Internet.

☆ The story of Sam Bankman-Fried's FTX implosion put crypto news sites like CoinDesk and The Block on the map. Inside their plan to fend off an ad slump and conspiracy theories — and keep winning.
▼ + stars: | 2022-11-21 | by ( Reed Alexander | Steven Perlberg | ) www.businessinsider.com time to read: +14 min

Now, crypto media staffers are wondering whether more dominoes falling from FTX could further hurt the industry or cripple their ad revenues. Crypto media kicks into overdriveRoberts said Decrypt's traffic doubled during the first week of the FTX saga. "In general, I think these things are good for crypto media," he said. Stacy-Marie Ishmael, the managing editor for Bloomberg's crypto team, likened burgeoning crypto coverage to 1990s coverage of the Internet. "It's now a situation where the crypto media has egg on their face.

Here's how you can get a grip on your personal finances before and during a recession. We do weird things in times of recession, like comfort-eating meatloaf and ice cream, according to food trend experts. We're also more prone to panicking and making mistakes with our money, personal finance experts and economists told Insider. "A recession sort of reveals problems that people may have, and not necessarily pay attention to much in the good times," he said. In good times, with interest rates low, your viewpoint can be obscured by the ease of getting credit, he said.

☆ Build up an emergency fund ahead of a likely recession in 2023, personal finance experts say. Here's how much you should save, and how to get there.
▼ + stars: | 2022-10-29 | by ( Ryan Hogg | Junior Weekend Business Reporter | Read More | ) www.businessinsider.com time to read: +7 min

Personal finance experts urge building an emergency fund ahead of a likely recession in 2023. The key to bulletproofing your finances is having an emergency fund. What is an emergency fund? How big should my emergency fund be? The experts interviewed by Insider agreed that an emergency fund should cover between three and six months' worth of expenses — a consensus supported by Well Fargo.

The Frecciarossa is one of Europe's fastest trains and can reach speeds of 400 kilometers per hour. Pier Marco Tacca/Getty ImagesThe Frecciarossa, which translates as "red arrow," runs throughout Italy on the country's high-speed railway network. The fleet consists of two trains, including the Frecciarossa 1000, which can travel at top speeds of 400 kph, and the Frecciarossa ETR 500, which can hit 300 kph, per train operator Trenitalia's website. This makes Italy's iconic, red train the fastest fleet of trains in the country and one of the quickest high-speed trains in Europe. Its affordability compared to other trains in Europe makes it an attractive mode of transport for passengers to reach places in a shorter time.

☆ Digital LeBron vs. analog Mantle: Sports collectibles remain hot despite NFT boom
▼ + stars: | 2022-10-15 | by ( Jake Traylor | Jake Traylor Is An Associate Producer For Msnbc. | ) www.nbcnews.com time to read: +7 min

But amid a crypto winter, the future trajectory of the sports memorabilia market, tangible or NFT, is being disputed. Meanwhile, the success of NBA Top Shot, arguably the most successful sports NFT market, soared and eventually crashed. Millennials are driving the NFT market, according to a Morning Consult survey that found 42% of all NFT collectors are 26 to 40 years old. Some sports market experts argue that regardless of an NFT bounce back, tangibles and NFTs in the sports memorabilia market don’t compete with each other. “I don’t think that [NFTs] are going to eat into the physical memorabilia market,” said Pete Giorgio, leader of Deloitte Consulting’s global and U.S. sports practice, who tracks and forecasts the sports memorabilia market.

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