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☆ Why do people buy crackpot conspiracy theories?
▼ + stars: | 2023-01-26 | by ( Adam Rogers | ) www.businessinsider.com time to read: +13 min

When it comes to the spread of cockamamie conspiracy theories, Twitter was a maximum viable product long before Elon Musk paid $44 billion for the keys. The more you think you're right all the time, a new study suggests, the more likely you are to buy conspiracy theories, regardless of the evidence. It'd be better, or at least more reassuring, if conspiracy theories were fueled by dumb yahoos rather than self-centered monsters. Still, most scientists thought conspiracy theories weren't worth their time, the province of weirdos connecting JFK's death to lizard aliens. Pennycook's findings also suggest an explanation for why conspiracy theories have become so widely accepted.

☆ Fed minutes and US jobs data might drive the first major market moves of 2023. Here's what you need to know.
▼ + stars: | 2023-01-04 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Federal Reserve minutes and US jobs data could fuel the first major market moves of 2023. Here's why the release of December's Fed minutes Wednesday and the latest US jobs report Friday could fuel the first major market moves of the year. US jobs dataIn 2022, the US's white-hot labor market tended to be bad news for investors. "Despite remaining strong in 2022, the labor market is poised to weaken in 2023, as it's a lagging indicator of which medicine takes the longest to cure," Interactive Brokers senior economist José Torres said Monday. That'd represent a decline from November's 263,000 figure – but suggest that the Fed still has some scope to carry on tightening without crushing the jobs market.

☆ 3 friends share how they started a charcuterie side hustle that made $40,000 in its first month
▼ + stars: | 2022-12-29 | by ( Amanda Breen | ) www.businessinsider.com time to read: +8 min

That's what Ryan Culver, Caroline Elston, and Lowell Bieber, the Indiana-based friends behind charcuterie subscription service Platterful, discovered when they teamed up to launch their venture last year — and made $40,000 in their first month. Culver and Bieber previously partnered on a health-and-wellness subscription box, which they successfully scaled and sold in September 2020. Entrepreneur sat down with the trio to learn how they built their meat-and-cheese side hustle — and continue to fuel its growth. Even though Culver and Bieber had subscription experience, the cofounders did have to contend with a new complication: cold shipping. [With cofounders] you have other people to lean on — if you're having a tough day, maybe someone else is having a good day.

☆ Snap up Tesla shares if Elon Musk's chaotic Twitter takeover drags the stock below $125, a veteran strategist says
▼ + stars: | 2022-12-21 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Elon Musk's Twitter saga could make Tesla stock a bargain if it falls to $125, a trading strategist said. Tesla has tanked 38% since Musk bought Twitter, which is seen as a distraction for the EV maker's CEO. "It's a momentum name, it was a high valuation, and Musk lost his halo," T3 Trading's Scott Redler said. "I've been trading Tesla for years," the chief strategist told Fox Business. Tesla shares were up 2.48% at $141.22 in premarket trading Wednesday, after closing 8% lower at $137.80 on Tuesday.

☆ I'm a bikini barista. The tips and customers are almost always great, but I keep tasers nearby just in case
▼ + stars: | 2022-12-04 | by ( Fortesa Latifi | ) www.businessinsider.com time to read: +4 min

Shay Harmon, 23, works as a bikini barista in Washington State. My sister mentioned being a bikini barista, and one of the selling points was that I could wear my festival outfits to work. I want people to know what it's like to be a bikini barista: the good, the bad, and the ugly. We make a base wage at the coffee stand and then tips on top of that. They know they're not just coming for the coffee — they're coming for the view, and they need to compensate the girls for that.

☆ Wall Street experts are warning that stocks are in for more trouble as a robust November jobs report is crushing investor hopes of a dovish Fed
▼ + stars: | 2022-12-03 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Stocks fell on Friday after the Bureau of Labor Statistics announced a robust November jobs report. But with the economy resilient, the Fed could continue to cause more pain for stocks going forward. November's jobs report, however, puts a pin the hopes of those anticipating easier policy sooner. He added: "Chairman Powell's speech earlier in the week was interpreted with a dovish lens, but that spin is likely to be reassessed based on the jobs report. Even before Friday's jobs report, some Wall Street strategists and money managers have been warning of further trouble ahead.

☆ In China's property crisis, global asset managers see opportunity in rental housing
▼ + stars: | 2022-11-16 | by ( Clare Jim | ) www.reuters.com time to read: +4 min

The state push is also backed by potentially lucrative returns - depending on the business model, returns on rental housing projects could be between high single digit and high teens. According to consulting firm Frost & Sullivan, the size of the rental housing market in China is expected to increase to 2.7 trillion yuan ($372.25 billion) by 2026, after rising to 1.8 trillion yuan in 2021 from 1.2 trillion yuan in 2017. Warburg Pincus also sees more opportunities in the rental housing because of increasingly attractive asset prices and less competition from cash-strapped local developers. As part of that, regulators have asked trust companies to provide financing to developers for rental housing construction and acquisitions. Across cycles, investment demand may have been affected but not overall housing demand," said Warburg Pincus' Zhang.

☆ Elon Musk says he doesn't want to be CEO of any company and tries to walk back SEC insults
▼ + stars: | 2022-11-16 | by ( Lora Kolodny | ) www.cnbc.com time to read: +4 min

Elon Musk said in court on Wednesday that he does not want to be the CEO of any company. "I expect to reduce my time at Twitter and find somebody else to run Twitter over time," he said. Musk explained during the testimony that CEO is not necessarily an apt description for the work he says he does at his companies. Musk said he only called on Tesla employees to assist him at Twitter on a "voluntary basis," and to work "after-hours" at Twitter. The Tesla CEO specified that, "This was an after hours-- just if you're interested in evaluating, helping me evaluate Twitter engineering… that'd be nice.

☆ Boston is now America's second most expensive city for renters
▼ + stars: | 2022-11-10 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

On top of that, new rentals that do become available skew toward the luxury market, pushing median rent prices even higher. One reason Boston is experiencing a spike in rental prices: there just aren't many homes available, Zumper reports. The median price for a one-bedroom rental in Boston jumped by nearly 6% in October to $3,060 per month. Move over San Francisco — Boston is now the second most expensive city for a one-bedroom rental, behind only New York City, according to Zumper's latest national rent report. And even though New York City still ranks as the most expensive city to rent a one-bedroom, median rent prices have fallen about 2% compared with September.

☆ Midterms could be a 'game changer' for stocks - and experts see big upside for the S&P 500 this election cycle.
▼ + stars: | 2022-11-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Whether or not this means Democrats hold onto their majority or Republicans claim victory in today's elections is still an open question. Early voters cast their ballots in Atlanta, Georgia in the 2018 midterm elections in October. If Republicans gain seats in today's midterm elections, the thinking is that Democrats would have a harder time passing aggressive fiscal spending plans. What's your view on how a Democrat or Republican victory in today's midterm elections impacts the stock market? Goldman Sachs named which stocks to buy now that can help you capitalize on gains during Tuesday's midterm elections.

☆ Outgoing Charter CEO Tom Rutledge says in an exclusive CNBC interview that there's 'pain to come' as linear TV gives way to streaming
▼ + stars: | 2022-11-03 | by ( Alex Sherman | ) www.cnbc.com time to read: +33 min

The biggest cable company in the industry at that time had about a million customers. And the second question is, very much related to that, for years now, the bull investor thesis has been broadband growth. So does that mean that broadband growth is no longer the big growth story it once was? No, I think there's plenty of broadband growth to get for us and there's continued broadband adoption to get for the whole industry. And I think there's some value in scale which can translate into consumer value as well.

☆ Elon Musk has told engineers to get to work on a Vine reboot
▼ + stars: | 2022-10-31 | by ( Travis Clark | ) www.businessinsider.com time to read: +2 min

Elon Musk told Twitter engineers to ready a Vine reboot, Insider has confirmed. Twitter bought the short-form video app in 2012 but shut it down in 2016. Musk, who completed his $44 billion purchase of Twitter last week, has directed Twitter engineers to work on a Vine relaunch, a source familiar with the matter confirmed to Insider on Monday. The app was known for looping six-second videos, pre-dating TikTok in popularizing short-form video content. When Musk asked "What could we do to make it better than TikTok?," MrBeast responded to "make it hard to copy."

☆ Is Meta a broken stock? Earnings will help answer some lingering questions
▼ + stars: | 2022-10-26 | by ( Michael Santoli | ) www.cnbc.com time to read: +3 min

The move is now looking a bit aggressive, and it will probably look overbought after Wednesday on a short-term basis. The "average stock" has been smoked (average decline among S & P 500 members peak to trough has been 35%, for Nasdaq 50%). Here's the equal-weight S & P 500 versus Nasdaq 100 this year, a massive 13-percentage-point spread and the "typical stock" in a sturdier trend above mid-June lows. META has traded poorly both before and since the GOOGL results, a broken stock with lack of sponsorship and massive questions about strategic missteps coloring investor perception. Granted, the stock had started to base ahead of the latest upbeat results more than META's has so far.

☆ New: Jay Tries to Stump Alanis King
▼ + stars: | 2022-10-20 | 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 EmailNew: Jay Tries to Stump Alanis King"No, that'd be wrong." Alanis King uses her best context clues out on the road to guess what car Jay is driving.

☆ Alzheimer's disease, retirement 'pacts,' and serving until you're 104 years old: Inside the federal judiciary's reckoning with age
▼ + stars: | 2022-09-27 | by ( C. Ryan Barber | Camila Dechalus | ) www.businessinsider.com time to read: +23 min

She was nearly two decades older than the median age — 68 — for all federal judges, according to an Insider analysis. More than a century later, in the 1920s, future Chief Justice Charles Evans Hughes argued for a mandatory retirement age. In 1954, the Senate passed a resolution proposing a constitutional amendment that'd require retirement at age 75 for federal judges. A recent poll by Insider and Morning Consult found that 71% of 2,210 respondents said the federal judiciary should have a mandatory retirement age. For Scheindlin, the former federal judge in Manhattan, Weinstein was an example of an older judge who was "terrific to his last day."

☆ America's Overachievers Are Finally Leaning Back
▼ + stars: | 2022-03-02 | by ( Aki Ito | ) www.businessinsider.com time to read: +13 min

Today, Justin is working the least he ever has: 40 hours a week. But what these executives are missing is that some employees don't want to pal around with their coworkers. In peak hustle culture, work was where we expected to find everything we needed to live the good life: joy, purpose, community. Then he started billing for 40 hours a week of labor that often took him only a few hours to complete. But after nine months of leaning back, a solid 40 hours is starting to look pretty attractive.

Thanks to a roundup featured offered by my bank, I had $13,000 saved for a down payment. For example, if you made a purchase for $9.25, then you'd be charged $10 and $0.75 would be transferred to your savings account. By using Save As You Go from ages 18 to 26, I'd managed to save $13,000 without really trying and I hadn't dipped into it because I wasn't easily able to access that money. Although we no longer bank with Wells Fargo, I encourage everyone to ask their bank about any programs to save automatically. If your bank doesn't have something like Save As You Go, they likely allow daily, weekly, or monthly automatic transfers to savings.

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