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☆ Uber drivers lay out 4 reasons they think tipping has been getting worse — and why events like Taylor Swift concerts seem to make riders more generous
▼ + stars: | 2023-04-23 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

Ben and other drivers have some theories about why riders aren't as generous as they used to be. Ben, a full-time Uber and Uber Eats driver for five years, said he'd worked as many as 90 hours in one week to make ends meet. Last year, Ben earned roughly $77,000 pretax driving for Uber and Uber Eats. Sergio AvedianUltimately, Avedian said Uber riders' tipping habits today could be traced to the company's decisions several years ago. In-app tipping wasn't even an option for Uber riders until 2017, despite drivers pushing for it for years.

☆ People are ticked that delivery drivers complained about stingy tips in a viral New York Times article. Here are the 5 main reasons people don't think they should tip more.
▼ + stars: | 2023-04-11 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Food delivery drivers are struggling to make ends meet, according to a recent New York Times article. While many delivery drivers said they benefited from larger tips during the beginning of the pandemic, some said this generosity has since faded. Why should sushi delivery drivers earn 10 times as much as pizza delivery?" (3) Drivers should be tipped based on how difficult their delivery wasSome commenters argued that food delivery drivers' tips should be based on how far — and what weather they had to endure — to make the delivery. "Someday, all of these gig workers will be too old to keep this kind of hustle up.

☆ Stingy bank lending forcing clients to use private creditors, says Canyon Partners' Joshua Friedman
▼ + stars: | 2023-04-05 | 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 EmailStingy bank lending forcing clients to use private creditors, says Canyon Partners' Joshua FriedmanJoshua Friedman, co-founder at Canyon Partners, joins 'Squawk on the Street' to discuss the health of the banking system, opportunities for non-bank institutions to make loans, softening demand in the real estate sector.

☆ Rich families skimp when it comes to cybersecurity, and it can cost them millions
▼ + stars: | 2023-04-01 | by ( Paige Hagy | Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

More than one-third of North American family offices experienced at least one cyberattack in the past 12 months in 2022, per Campden. It comes down to three problems, said Bobby Stover, who leads family office and enterprise services at Ernst & Young. When it comes to cybersecurity, family office principals are cheap, uneducated, and "don't want to deal with it," he told Insider. They cost anywhere from $25,000 to $65,000, and family offices often struggle to understand the benefit, according to Stover. One survey found an incident that cost a family office more than $10 million.

☆ It’s not just your imagination. More places are asking you to tip
▼ + stars: | 2023-03-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —More stores now offer customers the option to tip, from coffee shops to ice cream stores. They are also overwhelmed with the number of places that give them the option to tip with a card on an iPad, leading people to be less generous. Although consumers are accustomed to tipping waiters, bartenders and other service workers, tipping a barista or cashier may be a new phenomenon for many shoppers. Some customers tip no matter what. Others feel guilty if they don’t tip or embarrassed if their tip is stingy.

March 24 (Reuters) - Financial sector headwinds are creating fresh openings for private equity investments in aerospace, as suppliers' need for capital to meet soaring demand for planes and parts risks further turbulence, executives said. He said he would not oppose a private equity investment, as long as he maintains control and the combination makes sense by lowering costs. Global private equity deals among companies with aerospace portfolios rose to 216 in 2022, more than double 2019's figure and the highest in over a decade, according to Refinitiv data. Permanent Equity wants to invest in repair stations and suppliers with large inventories of aerospace parts. In Canada, while bank loans remain accessible for small suppliers, rising rates have flattened real estate pricing.

☆ China gives itself easy GDP homework
▼ + stars: | 2023-03-06 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +4 min

HONG KONG, March 6 (Reuters Breakingviews) - China aims to grow GDP by “around 5%” in 2023, which might seem low given last year’s 3% marked the country’s weakest performance in decades. Chen Long of Plenum China notes that the annual work report, usually an important window into the economy and official priorities for the year ahead, dedicates only six pages to discussing the future, compared to 22 pages last year. That may be because Premier Li Keqiang, who gives the work report, is on his way out along with other reformers. By keeping goals conservative and methods vaguer than usual, the government makes it harder for newcomers to fail. The government is aiming for a 2023 budget deficit target of 3% of gross domestic product, according to the report, widening from a deficit goal of around 2.8% last year.

☆ Boomers Greed Ruined Economy for Gen Z, Millennials
▼ + stars: | 2023-03-01 | by ( Alex Yablon | ) www.businessinsider.com time to read: +14 min

The boomers' economy is brittle, stingy, and built on undersupply. While inflation may be cooling a bit, future prosperity for millennials, Gen Zers, and beyond depends on reversing this economywide bottleneck created by boomers. Boomers shrank the labor force they need nowThe baby boomers ensured the labor market of the generations after them would be inadequate in a few major ways. The boomer ethos on housing, which views homes not as places to live but as financial assets, is mirrored in the rest of the economy boomers made. They make loans, investment, and housing more expensive — putting the economy on a diet instead of growing the pie.

Export inspections, a proxy for actual exports, totaled a preliminary 8.2 million tonnes in January 2023 compared with 6.5 million a year ago and 8.9 million in January 2021. January 2022 soy shipments totaled 6.4 million tonnes, a couple of cargoes above the five-year average. U.S. soy export sales were decent last month as Brazilian farmers have been stingy sellers of their huge impending harvest. Trade estimates ahead of the U.S. Department of Agriculture’s Wednesday supply and demand report suggest analysts are mostly content with the agency’s latest forecast for 2022-23 U.S. soybean exports of 1.99 billion bushels (54.2 million tonnes). Weekly U.S. soybean export inspectionsKaren Braun is a market analyst for Reuters.

☆ Georgia pounds TCU, 65-7, to repeat as CFB national champs
▼ + stars: | 2023-01-10 | by ( The Associated Press | ) www.nbcnews.com time to read: +5 min

3 TCU 65-7 Monday night to become the first team to win consecutive College Football Playoff national championships. TCU (13-2), the first Cinderella team of the playoff era, never had a chance against the Georgia juggernaut. No team has ever scored more points in a national championship game, dating to the beginning of the BCS in 1998. Georgia vanquished the Tide to break a 41-year national title drought last season, avenging its only regular-season loss in the process. They were within a victory of the program’s first national title since 1938.

David Slotnick/Business InsiderAmerican Express Membership Rewards points are among the most valuable card rewards you can earn. You'll usually get the most value from Amex points by transferring them to airline and hotel partners. In fact, the Amex Membership Rewards program debuted way back in 1991 with just seven US airline partners. More Information Earn 80,000 Membership Rewards® points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. What to know about transferring Amex points to partnersAmerican Express Membership Rewards points are among the most valuable and versatile travel rewards out there.

☆ Charles Dickens’s ‘A Christmas Carol’ Review: The Soul’s Rebirth
▼ + stars: | 2022-12-24 | by ( Brad Leithauser | ) www.wsj.com time to read: +1 min

Charles Dickens’s “A Christmas Carol” is an evergreen delight for a host of reasons, not least for its length. The book’s events—which track the elderly, prosperous, stingy Ebenezer Scrooge’s psychic transformation from grouchy bear to purring pussycat—unfold in the course of one night. And, likewise, the book can, and should, be consumed in a single night, preferably Christmas Eve. In the book’s fictional world, Scrooge’s stunted soul is redeemed after serial visits from four ghosts, each conveying messages of fear and censure. If everything goes well, the evening’s two prime participants, Scrooge and you, wind up at the same juncture: releasing tears of joy.

☆ How much should you tip your barista?
▼ + stars: | 2022-12-17 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

There’s also often an option to leave a custom tip or no tip at all. Although consumers are accustomed to tipping waiters, bartenders and other service workers, tipping a barista or cashier may be a new phenomenon for many shoppers. Others feel guilty if they don’t tip or embarrassed if their tip is stingy. One barista in Washington State said that he understands if a customer doesn’t tip for a drip coffee order. Nearly 60% of Uber customers never tip, while only about 1% always tip, a 2019 University of Chicago study found.

☆ Morocco vs. France World Cup 2022 game highlights globalization
▼ + stars: | 2022-12-14 | by ( Tony Karon | Tony Karon Is The Editorial Lead Of Al Jazeera'S Aj | Channel. Also An Associate Professor At The New School In New York | ) www.nbcnews.com time to read: +6 min

The iconic image of the 2022 World Cup may well be Morocco’s Sofiane Boufal dancing with his mum after his team’s brilliant upset victory over Portugal in the quarterfinals. Boufal and his mother — like the majority of Morocco’s players and coaches — live in European cities, part of that continent’s vast marginalized and embattled migrant underclass. Morocco’s prowess as the first African team to make the semifinals of the World Cup brings us ever closer to fulfilling soccer icon Pelé’s prophecy. Indeed, this was the first World Cup in which all five African teams were coached by African coaches, rather than by European journeymen. The team's strategy suggests its coach has rewritten the playbook that long recommended African teams play pessimistic defensive football, hoping for a lucky break.

☆ Brazil dances its way into World Cup quarterfinals thanks to dazzling display against South Korea
▼ + stars: | 2022-12-05 | by ( Matias Grez | ) edition.cnn.com time to read: +7 min

CNN —Brazil danced its way past South Korea and into the World Cup quarterfinals on Monday, sweeping aside its opponent 4-1 in a dazzling performance at Qatar 2022. Brazil players hold a banner showing support for Pele. South Korea, meanwhile, has impressed in reaching the round of 16, coming through a difficult group that included Portugal, Ghana and Uruguay. Michael Steele/Getty ImagesHee-Chan Hwang did force Alisson into a wonderful one-handed save soon after the penalty, but that was the closest South Korea came to scoring in the first half. This game was already long over as a contest, but it was now in danger of turning into a humiliating night for South Korea, if it hadn’t already.

☆ ‘Crash the Back Post’: Inside the Play That Kept the U.S. in the World Cup
▼ + stars: | 2022-11-30 | by ( Andrew Beaton | ) www.wsj.com time to read: 1 min

DOHA, Qatar—In order to advance to the knockout stage of this World Cup, the U.S. men’s national team knew it needed a way to unlock Iran’s notoriously stingy defense. What the Americans came up with was a play that produced one of the most memorable goals in U.S. soccer history. When Christian Pulisic connected with a headed pass to give the U.S. a 1-0 lead—and ultimately win a spot in the Round of 16 and a Saturday date with Netherlands—members of the team insisted that the key sequence wasn’t merely a handful of improvised passes finished off by one clever run. They said it was a designed progression that the team had practiced meticulously just in case the opportunity arose.

☆ 'Black Panther: Wakanda Forever' is the seventh MCU movie in a row to be barred from China. It shows how a once essential market for Hollywood blockbusters has dried up.
▼ + stars: | 2022-11-15 | by ( Travis Clark | ) www.businessinsider.com time to read: +3 min

China's film officials have been extra stingy about granting Marvel movies release dates during the pandemic. Marvel movies are still some of the biggest movies being released right now. But "Doctor Strange in the Multiverse of Madness" was just shy of $1 billion and might have crossed that coveted barrier with a China release. "Love and Thunder" topped its predecessor "Thor: Ragnarok" at the US box office but not in total global sales. DC's "Black Adam" was denied a China release, as well.

☆ Loafer buyout flop may have sting in the tail
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +1 min

MILAN, Oct 26 (Reuters Breakingviews) - Founder Diego Della Valle’s stingy attempt to take luxury shoemaker Tod’s (TOD.MI) private appears to have floundered. Della Valle’s refusal to lift the bid price appears puzzling. Adding perhaps 10% to the offer price would have mollified the naysayers. Investors would be forced to accept illiquid stock or compensation based on Tod’s average price in the six months prior to the offer. Della Valle’s next deal could be even stingier.

☆ BreakingViews: Xi’s contract with China needs more signatures
▼ + stars: | 2022-10-23 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +4 min

HONG KONG, Oct 23 (Reuters Breakingviews) - Xi Jinping has effectively secured a third presidential term at the just-concluded Chinese Communist Party conclave. His prize: a $16 trillion economy in a vulnerable state, dependent on American technology and facing a demographic crisis. China’s so-called chairman of everything has the power to relieve his people, but it’s unclear whether he has the will. The focus on weaning China from foreign software and semiconductors entails a vast duplication of effort. Follow @petesweeneypro on TwitterloadingCONTEXT NEWSChina’s Communist Party has elected President Xi Jinping as general secretary on Oct. 23, his third five-year term, according to Chinese state media.

☆ NBA roundup: Suns hit late shot to cap rally from 22-point hole
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +9 min

Lee hit a 10-foot fallaway jumper over Spencer Dinwiddie to cap an electric Phoenix comeback in the season opener for both teams. Cameron Johnson added 15 points, Mikal Bridges had 13 points and 11 rebounds and Lee scored 11 points off the bench. Christian Wood added 25 points and eight rebounds in his Dallas debut while Dinwiddie added 15 points. D'Angelo Russell added 20 points and Jaden McDaniels had 19 for Minnesota. Santi Aldama (18 points, 11 rebounds) and John Konchar (12 points, 11 rebounds) each posted double-doubles while Jones had 15 points off the bench.

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No matter what they're learning in school, most young Americans are lost when it comes to managing their money. Once you know where your money goes, a budget maps out how much money you owe every month, and how much money you have left. It's not restrictive, like a diet — it's just a way to make sure you aren't spending money you don't actually have. It's never too early to open a retirement account. Put that money towards your retirement account instead.

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