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Persons: Read, Wells, We're, Chase, you'll, that's, You'll, Holly Johnson Freelance, Holly Johnson, Johnson, Joseph Hostetler, Joseph, Guy Organizations: Chase Ink, Card Citi, Card, Target, Walmart, Citi, Chase, FDIC, Reading Chevron, Business, Sapphire, Ink, Chase Travel, United Airlines, Air, Hyatt, Virgin Atlantic, Rover, U.S . News, Club, Finance Locations: Air Canada, Europe, Delta, Chase, U.S

The way I shop, budget, and save now is drastically different from when I started my personal finance journey. These had a lot of helpful information about how to stick to a budget, pay off debt, and put our needs before our wants. The main takeaway was "spend as little money as possible." When you can't afford anything beyond food, rent, and tuition, making spending decisions is easy — the answer is always "no." I realize now that it probably would have been easier to focus on making more money instead of squeezing the life out of every penny.

Persons: —, We'd, I'd, I've Organizations: Service, eBay

☆ Let there be FIRE: Inside a financial movement
▼ + stars: | 2023-06-15 | 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 EmailLet there be FIRE: Inside a financial movementThe FIRE (Financial Independence, Retire Early) phenomenon continues to gain steam as a growing number of increasingly younger, extremely online investors commit themselves to an ethos of frugality and around-the-clock work to be able to live financially stable, work-free lives as soon as possible. Hear from a FIRE adherent currently living his dream and how he achieved his financial goals.

Organizations: Independence

☆ Aldi is turning off lights in its UK stores to try to save customers money
▼ + stars: | 2023-06-13 | by ( Will Gendron | ) www.businessinsider.com time to read: +3 min

Aldi UK will be turning off lights across all of its store locations this month. The move follows a trial earlier this year, in which the discount retailer tried turning off some lights in four stores, according to The Telegraph. Initially founded in West Germany, Aldi has since expanded outside of its founding country to the tune of more than 12,000 stores across the US, UK, France, and Australia. Cutting down on energy costs is not exactly new in Europe, as energy prices have risen due to the war in Ukraine. Update: June 13, 2023 — This story was updated to clarify the lights aren't being turned off in Aldi's US stores.

Persons: — Organizations: Aldi, Service, . Discount, Telegraph, The Telegraph, Aldi UK, European Central Bank Locations: West Germany, France, Australia, Europe, Ukraine, Germany, Austria, Portugal, Denmark

☆ Aldi is turning off lights in its stores to try to save customers money
▼ + stars: | 2023-06-06 | by ( Will Gendron | ) www.businessinsider.com time to read: +3 min

Aldi will be turning off lights across all of its store locations this month. The move follows a trial earlier this year, in which the discount retailer tried turning off some lights in four stores, according to The Telegraph. Initially founded in West Germany, Aldi has since expanded outside of its founding country to the tune of more than 12,000 stores across the US, UK, France, and Australia. Cutting down on energy costs is not exactly new in Europe, as energy prices have risen due to the war in Ukraine. Around 800 bakeries in Germany went dark in September 2022, while still serving customers, to protest rising power cost.

Persons: — Organizations: Aldi, Service, Telegraph, The Telegraph, European Central Bank Locations: West Germany, France, Australia, Europe, Ukraine, Germany, Austria, Portugal, Denmark

☆ Here are stocks to own to take the debt ceiling, bond market out of your investing equation
▼ + stars: | 2023-05-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +18 min

Are the travails of the bond market, like Macbeth expounds, a "tale told by an idiot, full of sound and fury, signifying nothing?" The billionaire class — so incorrectly sought after by the media — so often seems to use the bond market as a sort of intellectual cudgel. That's why I always start my discussion on bonds with the simple query of "where are the layoffs, not forget about stocks, think fixed income." Here the bond market polices only those companies that haven't pivoted to making a profit. They, among all sectors, could be pummeled by the bond market freeze and by the consumers' paralysis.

☆ We identified the 112 top executives at Warner Bros. Discovery under CEO David Zaslav as the year-old company takes aim at Netflix and Disney
▼ + stars: | 2023-05-15 | by ( Claire Atkinson | Lucia Moses | Taylor Tyson | ) www.businessinsider.com time to read: +2 min

Warner Bros. One year after Discovery acquired WarnerMedia, WBD CEO David Zaslav faces economic headwinds and an ad slump. Insider mapped out the 112 most powerful people under Zaslav leading WBD film and TV studios, HBO, CNN, and more. One year after the merger that created Warner Bros. While Kathleen Finch has joined the mix with her portfolio of Discovery channels, top TV execs from the WarnerMedia regime — HBO's Casey Bloys and Warner Bros. TV studios chief Channing Dungey — are still in place.

☆ The future of growth
▼ + stars: | 2023-05-15 | by ( Sponsor Post | Sponsor Content Ey | ) www.businessinsider.com time to read: +6 min

But even when there's an economic recession, we invariably find a way to spend ourselves back to growth. New product launches, seasonal fashion, increasing portion sizes and an endless aisle of choice have collectively supported growth in consumer spending. It's become an accepted principle that progress is measured through growth and growth is driven by consumption. These changes are weakening the links between consumption, growth, and success. Today, growth and margin are indicative factors of how well a consumer company has delivered to the needs of the market.

☆ Bethenny Frankel still had Ikea furniture while shooting 'Real Housewives of New York': 'I never spent a dime'
▼ + stars: | 2023-05-10 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

In a recent TikTok post, the 52-year-old spoke about how she was militant about not spending money she didn't have. Frankel earned just $7,250 for her star-making turn on the first season of "The Real Housewives of New York." "My apartment was furnished by Ikea when I was on the 'Housewives of New York,'" she said. In the years following her "Housewives" debut, Frankel started and sold her Skinnygirl Cocktails brand for a reported $100 million. "I was always terrified, because you don't spend money you don't f---ing have."

I used to love thrifting, but the disabled tax means that's not a viable choice for me due to long COVID. But I'd never heard of the disabled tax, or, as some disabled people have reclaimed it, the "crip tax." The disabled tax affects all disabled people differentlyLike the pink tax, the disabled tax isn't charged by governments, but by society itself. The disabled tax manifests in unique ways for all disabled people. Before long COVID, I'd long prided myself for a frugality that helped my family live well even on just one income.

☆ UPS and FedEx are shrinking as packages evaporate. Automation could make the changes permanent.
▼ + stars: | 2023-04-27 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +6 min

Revenue in the first quarter was down 6% and package volume was down by 5.4%. Both UPS and FedEx are downshifting and planning futures with smaller, more efficient networks. But beyond initial cuts, UPS and FedEx are leaning into technology upgrades to shrink strategically and emerge from the doldrums more efficient. The company has already begun the combination of Ground and Express, which will involve closing Express facilities and moving those operations into nearby Ground buildings. These networks have long acted as a moat around UPS and FedEx — making entering the delivery space so expensive it was rarely attempted.

☆ We mapped out the 113 most powerful people at Warner Bros. Discovery after a blockbuster merger and a tumultuous year of layoffs and cuts under CEO David Zaslav
▼ + stars: | 2023-04-20 | by ( Claire Atkinson | Lucia Moses | Taylor Tyson | ) www.businessinsider.com time to read: +2 min

Warner Bros. CEO David Zaslav is focused on rebuilding but faces economic headwinds and an advertising slump. Insider mapped out the 112 most powerful people under Zaslav leading WBD film and TV studios, HBO, CNN, and more. One year after the merger that created Warner Bros. While Kathleen Finch has joined the mix with her portfolio of Discovery channels, top TV execs from the WarnerMedia regime — HBO's Casey Bloys and Warner Bros. TV studios chief Channing Dungey — are still in place.

☆ King Charles has a personal fortune of almost $750 million — hundreds of millions more than the late Queen, report says
▼ + stars: | 2023-04-16 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

King Charles has a personal fortune worth nearly $750 million, The Sunday Times reported. Analysis by the London newspaper found he is worth about $285 million more than the late Queen. It generated £23 million ($28.5 million) in profits last year and £212 million ($263 million) in the decade to 2022. He is likely to be ahead of David and Victoria Beckham, who were worth £380 million ($472 million) in last year's ranking, and Sir Elton John, who was worth £395 million ($490 million). As King, Charles is now in control of the Crown Estate, worth about £15.6 billion ($19.4 billion).

☆ Here's what I want to see before buying in a stock market that stumbled on solid bank earnings
▼ + stars: | 2023-04-16 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

I do not understand how it could be double the price of the stock when the TVB means that if you closed the bank that's what you would get. I know the stock of Wells Fargo (WFC) didn't do much after it reported. Now, I offer the story of these banks as a preamble to what I see happening in the stock market right now. I don't want to conflate a day of good bank earnings with a month of good stock prices. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Warner Bros Discovery unveils its revamped 'Max' streaming service
▼ + stars: | 2023-04-12 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +1 min

April 12 - Warner Bros Discovery Inc(WBD.O) said on Wednesday it will launch on May 23 its long-awaited new streaming service, christened "Max", which combines HBO Max's scripted entertainment with Discovery's reality shows. The opportunity to better capitalize on the streaming video revolution was one of the justifications for the merger of Discovery and WarnerMedia in 2022. "We are not trying to win the direct-to-consumer spending war," Zaslav assured investors, shortly after the merger was finalized. Zaslav repudiated his predecessor's COVID-19 era strategy of releasing new movies simultaneously in theaters and in the home, via HBO Max. Instead, Warner Bros films would enjoy a traditional theatrical release, and reap box office proceeds, before becoming available on the streaming service.

☆ Warner Bros Discovery unveils revamped 'Max' in push for streaming growth
▼ + stars: | 2023-04-12 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +4 min

Warner Bros Discovery eliminated "HBO" from the name of the streaming service, which for some viewers connotes bespoke series but repels others. He repudiated his predecessor's COVID-19 era strategy of releasing new movies simultaneously in theaters and in the home, via HBO Max. Instead, Warner Bros films would enjoy a traditional theatrical release and reap box office proceeds before becoming available on the streaming service. It licensed some of these shows to other streaming services, as Warner Bros Discovery looked for new ways to monetize its film and television libraries. Like other media companies, Warner Bros Discovery has yet to turn a profit on its HBO Max and Discovery+ streaming services, though the company has reduced losses from them.

Solari wasn't the only American to veer wildly between frugality and all-out spending sprees during the pandemic. In particular, younger people — Gen Z and millennials — have seen the early parts of their careers and critical years of their financial lives defined by the shifting sands of the pandemic economy. The strange pandemic-savings paradoxThe pandemic recession did not actually mean people had no money. The Fed found that the top quartile of earners added nearly $1.5 trillion to their savings through spending reductions, even as the pandemic consumed millennials and Gen Z's savings. If the mantra of the pandemic recession was giving everyday Americans money, the reaction is now to yank that back.

☆ This portfolio manager’s frugality and eye for income protected her fund from the worst of 2022’s tumult
▼ + stars: | 2023-04-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Amid the tumult, the Fidelity Equity-Income Fund (FEQIX) outperformed the broader market with a total return of -5.07% – the result of portfolio manager Ramona Persaud's search for value and quality. The fund posted 3-year trailing returns of 18.71%, through April 4, according to Morningstar. "She thinks that a portfolio of companies that are inexpensive, high quality dividend paying stocks should outperform on a risk-adjusted basis." "When the market panics, you get this sweeping effect when everything gets sold off," Persaud said. "There's a lot of cyclical tech, things like semiconductors, that sold off really hard because of the fear around long duration.

☆ Billionaire LeBron James is 'the cheapest guy in the NBA,' won't pay for Elon Musk's Twitter Blue
▼ + stars: | 2023-03-31 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

The 38-year-old Los Angeles Lakers star on Friday tweeted that he has no plans to pay for Elon Musk's Twitter Blue subscription, even if it means he loses his blue verification check mark on Apr. "Welp guess my blue ✔ will be gone soon cause if you know me I ain't paying the 5," James tweeted to his 52.8 million followers. Twitter Blue will actually cost $8 per month, not $5, though the distinction probably doesn't mean much to James, who once agreed that he was "the cheapest guy in the NBA." "I don't know how long this could last," James says in the film when asked why he won't pick up the tab. 1 as he pushes users to sign up for Twitter Blue.

☆ Mark Cuban found a car abandoned on the side of the road — and got it for free with a simple phone call
▼ + stars: | 2023-03-05 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

He even got one for free, Cuban told Bill Maher on a December episode of the Club Random Podcast. He had to hitch rides with friends until, one day, they found an abandoned car on the side of the road. "I knew from my own personal experience that someone had abandoned [the car], because they couldn't make the payment," Cuban said. At age 24, Cuban lived in a three-bedroom apartment with five roommates, he wrote in a 2009 blog post. Still, his riches didn't change his spending habits "all that much," he told Money.

Review: Is the Wells Fargo Active Cash Card the Best Credit Card for You? How to Earn Cash Rewards With the Wells Fargo Active Cash CardThe Wells Fargo Active Cash® Card offers 2% cash rewards on purchases with no rewards category limitations or quarterly activation. How to Redeem Rewards From the Wells Fargo Active Cash Credit CardRewards earned with the Wells Fargo Active Cash® Card belong in the Wells Fargo Rewards program, which means you can redeem them in several ways. However, you should note that a few of the redemption options available are only for Wells Fargo customers, including payments to Wells Fargo loan products and cash rewards at a Wells Fargo ATM. Wells Fargo Active Cash Card Benefits and FeaturesThe Wells Fargo Active Cash® Card comes with decent benefits for a no-annual-fee card.

☆ This is the No. 1 money habit of early retirees, says CFP—and it only takes 30 minutes
▼ + stars: | 2023-02-14 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

Short for financial independence, retire early, FIRE adherents aim to save and invest large portions of their income early in their careers in order to have enough money to retire decades before their mid-60s. Some early retirees start their own businesses and sell at a huge profit. "This is a huge, huge priority for them," she says. Here's why Camp says taking regular dives into your finances is essential if you want to increase your savings rate — whether you're planning to retire early or not. "People who have a healthy savings rate know where their money is going because they track it."

☆ Palantir expects 2023 to be first profitable year, sees AI driving growth
▼ + stars: | 2023-02-13 | by ( Chavi Mehta | ) www.reuters.com time to read: +2 min

The move underlines a trend of greater frugality by tech firms after rapid hiring during the pandemic left them with a bloated workforce. The demand weakness, however, weighed on Palantir's 2023 revenue forecast, which at between $2.18 billion and $2.23 billion was below the $2.29 billion estimated by analysts, according to Refinitiv. That revenue is expected to nearly halve in the first quarter to $16 million from a year earlier. "There are many different ways we can integrate with technologies like ChatGPT and apply those technologies to our customers data," said Chief Revenue Officer Ryan Taylor. Reporting by Chavi Mehta in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Alphabet Inc (GOOGL.O), which has the smallest cloud business among the three, said Google Cloud grew 32%, the slowest rise since the company began reporting the measure in 2019. "Once thought as the most defensive revenue stream in tech, we are seeing investors questioning the cyclicality for the (cloud) business," analysts at Bernstein said. Microsoft's revenue in its so-called intelligent cloud business that includes Azure rose 18% to beat expectations for October to December. Amazon finance chief Brian Olsavsky said on Thursday that the company expects slower cloud growth rates for the next few quarters. "Those (AI) advancements and demand for related cloud services will take time to materialize.

I'm careful to track my business expenses and don't shy away from spending money on valuable things. Working with my financial advisor and accountant helped me create a structure to make tax season a breeze. Be smart about business expensesOne of my biggest takeaways from the 2021 tax season was that eligible business expenses help grow your business and shrink your tax bill. One is for my invoices and business expenses and the other is for my personal expenses, bills, and contributions to savings. In my personal expense tracker, I cross-reference my bank accounts and credit cards with my bills and auto-deposits to savings accounts and investments.

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