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☆ Wealthy people are splurging on bucket-list trips, flying to the Arctic Circle for private-chef-catered meals, renting out African safari lodges, and spending $300,000 for a half-hour opera serenade
▼ + stars: | 2022-10-25 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +7 min

Hard-to-access places like the Arctic Circle and Galapagos Islands are bucket-list travel hot spots. These well-off wanderlusters have helped create a travel-industry boom, with pent-up demand pushing bucket-list travel into this year's shoulder seasons. American Express Travel's 2022 Global Travel Trends report, which used polling data collected in early February 2022, confirms the move toward bucket-list travel this year. Quality time with loved ones matters above allBut not all bucket-list travel experiences need to be in far-flung corners of the world. Finnegan said traveling with his family made it a bucket-list trip.

☆ Why the 'Amazonification' of startups isn't always a good thing
▼ + stars: | 2022-10-19 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

Plus, we've got news on actual robots, who are threatening to pit humans against machines. That's not always a good thing. Companies love to hire Amazon alumni who inject their firms with Jeff Bezos' metrics-focused style. Amazon-trained leaders (sometimes known as "Jeff Bots") have founded more than 650 startups, and swaths have joined the industry's top C-suites, contributing to the "Amazonification" of said firms. Now, humans need to determine how to synchronize our labor with the souls of new machines — before things get out of hand.

☆ These 16 cloud-software companies could be acquired by tech giants or private equity as the economy sours, according to RBC analysts
▼ + stars: | 2022-10-18 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +3 min

Here are the 16 software firms RBC analysts say are M&A targets for tech giants and private equity. More software M&A is in the forecast as valuations and stock prices continue to drop — and private companies aren't the only ones likely to get gobbled up. Additionally, private-equity firms will likely continue snapping up public cloud-software companies and taking them private while prices are low, according to analysts. "In other words, we believe larger scale debt-financed private-equity takeouts could be unlikely in the near-term," RBC analysts wrote. Here are the 16 software firms that are M&A targets, according to RBC analysts:

Fewer job openings may sound bad, but in this moment it's a good sign for the economy. But chairs started being pulled away at a much faster pace in August, which could give job seekers a wake-up call. "If there are 100 chairs and 50 workers, workers are cool, man!" Companies are putting up record job openings, but they're not saying when — or even if — they'll fill them. That's frustrated some job seekers as they apply to multiple roles and never hear back.

☆ Japan manufacturers' mood sours, higher costs dim outlook - Reuters Tankan
▼ + stars: | 2022-10-11 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +3 min

REUTERS/Issei Kato/File PhotoThe monthly poll, which tracks the Bank of Japan’s (BOJ) closely watched tankan quarterly survey, found manufacturers’ mood is expected to deteriorate again over the coming three months while service-sector mood was seen rebounding further. Industries such as autos, steel and textiles weighed on overall manufacturers’ sentiment, while communications, transport and utilities led non-manufacturers. “The prices of products are not keeping pace with surging raw materials costs” as many subcontractors in the supply chain could not pass on input costs to their clients, one manager at a chemicals maker said. “There are concerns about worsening profits due to import costs boosted by a weak yen on top of rising raw materials and energy costs,” said a manager of a food-processing firm. The BOJ’s last survey on Oct. 3 showed big manufacturers’ mood had worsened in July-September for a third straight quarter as high material costs dimmed recovery prospects for the fragile economy.

☆ Japan manufacturers' mood sours again, higher costs dim outlook - Reuters Tankan
▼ + stars: | 2022-10-11 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +2 min

FILE PHOTO: A factory area is seen in front of Mount Fuji in Yokohama, Japan, January 16, 2017. The monthly poll, which tracks the Bank of Japan’s (BOJ) closely-watched tankan quarterly survey, found manufacturers’ mood expected to deteriorate again over the coming three months while service-sector mood was seen rebounding further. “There are concerns about worsening profits due to import costs boosted by a weak yen on top of rising raw materials and energy costs,” said a manager of a food-processing firm. The BOJ’s last survey showed on Oct. 3 big manufacturers’ mood worsened in July-September for a third straight quarter as high material costs dim recovery prospects for the fragile economy. The Reuters Tankan index readings are derived by subtracting the percentage of respondents who say conditions are poor from those who say they are good.

☆ World stocks head back towards 2-year lows as mood sours
▼ + stars: | 2022-10-11 | by ( Dhara Ranasinghe | ) www.reuters.com time to read: +4 min

There was a modest respite for Britain's battered bond market after the Bank of England said it would start purchasing inflation-linked debt. And MSCI's world stock index was down 0.5% -- moving back towards roughly two-year lows hit last week (.MIWD00000PUS). Emerging market stocks hit their lowest level since April 2020 and are on track for a near-30% tumble year-to-date, its worst year since the 2008 global financial crisis. GILT RESPITEBritish government bond or gilt yields edged lower, having soared on Monday, following the BoE's latest efforts to shore up the battered bond market. The Aussie dollar fell to a 2-1/2-year low of around $0.6248 and the kiwi dollar hit a low of $0.5536.

☆ Goldman says buy these kinds of stocks as firm sours on overall market amid rate surge
▼ + stars: | 2022-09-23 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

Goldman Sachs recently slashed its year-end target for the S & P 500 citing higher than expected interest rates. The dismal outlook comes after the Federal Reserve this week raised interest rates by 0.75 percentage point, its third consecutive hike of that size. The median equity duration in Goldman's short duration basket is 18.3 years, below the 21-year median of the Russell 1000. To be sure, long duration stocks have been "surprisingly resilient" in the face of higher real rates, Kostin said. Yields on the 2-year U.S. Treasury note spiked Wednesday around the Fed's interest rate hike, and continued to climb since.

☆ What rising interest rates mean for you
▼ + stars: | 2022-09-21 | by ( Jeanne Sahadi | Cnn Business | ) edition.cnn.com time to read: +11 min

"Credit card rates are the highest since 1995, mortgage rates are the highest since 2008, and auto loan rates are the highest since 2012. Here are a few ways to situate your money so that you can benefit from rising rates, and protect yourself from their downside. "Less debt and more savings will enable you to better weather rising interest rates, and is especially valuable if the economy sours." That said, "don't jump into a large purchase that isn't right for you just because interest rates might go up. "It's not just rising rates and inflation, there are geopolitical concerns going on... And we have a slowdown that may lead to a recession or maybe it won't...

☆ What rising interest rates mean for your credit, loans, saving and more
▼ + stars: | 2022-09-21 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +11 min

“Credit card rates are the highest since 1995, mortgage rates are the highest since 2008, and auto loan rates are the highest since 2012. Home loans: Lock in fixed rates nowMortgage rates have been rising over the past year, jumping more than three percentage points. That said, “don’t jump into a large purchase that isn’t right for you just because interest rates might go up. For example, financial service companies can do well in a rising rate environment because, among other things, they can make more money on loans. Bonds: Go shortTo the extent you already own bonds, the prices on your bonds will fall in a rising rate environment.

☆ I feel I am falling through the cracks at work. Is it time to find another job?
▼ + stars: | 2022-09-14 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +5 min

I'm a Gen Z employee at a large company and I am a little over a year into my first full-time, professional job after college. Over the past few months, two members of my team have left the company and they're not being replaced. In the current market, I feel like my team could be on the chopping block if my company conducts lay-offs. On the other hand, because I love my team and the work I do, I want to stay and try to make it better. On the other hand, though, it never hurts to start passively looking for a new job while you remain employed.

☆ How to take advantage of rising interest rates
▼ + stars: | 2022-07-27 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +10 min

Here are a few ways to situate your money so that you can benefit from rising rates, and protect yourself from their downside. Otherwise, any remaining balance will be subject to a new interest rate that could be higher than you had before if rates continue to rise. Home loans: Lock in fixed rates nowMortgage rates have been rising over the past year. That said, “don’t jump into a large purchase that isn’t right for you just because interest rates might go up. Bonds: Go shortTo the extent you already own bonds, the prices on your bonds will fall in a rising rate environment.

☆ Rising layoffs, high inflation, and the dreaded R-word have American workers nervous. Here's a guide to managing your career in an uncertain economy.
▼ + stars: | 2022-07-18 | by ( Rachel Durose | Catherine Henderson | Rebecca Knight | ) www.businessinsider.com time to read: +16 min

The economic news is mixed: Inflation and interest rates are high, but the job market looks solid. It's possible that the Fed manages to cool off the economy and tame inflation without causing a spike in unemployment, said Flowers. "The outlook isn't as rosy as it was," Nick Bunker, the head of economic research at the jobs platform Indeed. If the thought of an economic downturn makes you fear for your job, you're not alone. Mentor someone else in your organization — if you're relatively new on the job yourself, take a student intern under your wing.

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