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☆ Meet a 24-year old living with her parents who splurges on weekend trips, a Chanel handbag, and a Balmain jacket with all the money she'd spend on rent
▼ + stars: | 2023-02-16 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +4 min

Anastasia Ricci, 24, decided to stay with her parents during the pandemic and never left. With all the money she's saving on rent she's able to buy designer clothes and expensive trips. Anastasia Ricci in a $1,700 Balmain jacket. Anastasia Ricci bowling in Miami. Anastasia Ricci during a $1,200 weekend trip to Miami.

☆ Confessions of 20-somethings who live at home and splash out on cars, designer handbags, and nightclubs instead
▼ + stars: | 2023-02-04 | by ( Dan Latu | Kelsey Neubauer | ) www.businessinsider.com time to read: +9 min

They're also spending the money they would have spent on rent on pricey goods and travel. Courtesy of Julia MachajProfession: EngineerIf she weren't living with her parents she'd live in: Stamford, Connecticut, where the rent starts at $1,875, according to Rent.com. Courtesy of Jonathan BranchProfession: AccountantIf he wasn't living with his parents he'd live in: Arlington, Virginia, where rent starts at $1,999, according to Rent.com. He's spent money on: $700 Sony camera and $800 lensesJonathan Branch recently turned 30, but spent his twenties living at home in Fairfax, Virginia. Courtesy of Gabby BeckfordProfession: Travel influencerIf she weren't living with her parents she'd live in: Seattle, Washington, where rent starts at $1,560, according to Rent.com.

☆ Insurers Avoid Picking Up Businesses’ Covid-19 Pandemic Costs
▼ + stars: | 2023-02-03 | by ( Richard Vanderford | ) www.wsj.com time to read: +6 min

“If they assumed incorrectly, the mom-and-pop restaurants shouldn’t be penalized.”Federal appeals courts so far have rejected cases like Consolidated Restaurant’s. In January, the federal appeals court in Philadelphia ruled against a range of businesses. With that decision, businesses had seen losses in 11 federal appeals courts, whose jurisdictions span nearly the entire country. Business interruption insurance policies are typically written to address harm to property: For instance, if a water-main break floods a sales floor, or a fire forces a business to close. In June, a Boston federal appeals court rejected a Covid insurance claim by a group of restaurants.

☆ Bed Bath & Beyond just missed another debt payment. See the full list of stores it will close, including Harmon and Buybuy Baby locations.
▼ + stars: | 2023-02-02 | by ( Avery Hartmans | Dominick Reuter | ) www.businessinsider.com time to read: +20 min

In addition to 87 more Bed Bath & Beyond stores, the company now says it will close all of its remaining Harmon health and beauty stores, and five Buybuy Baby stores. San Leandro: 15555 East 14th St., Suite 24015555 East 14th St., Suite 240 Burbank: 201 East Magnolia Blvd. Marina: 117 General Stilwell Drive117 General Stilwell Drive Vallejo: 105 Plaza Drive, Suite 107105 Plaza Drive, Suite 107 * Palm Desert: 72459 Highway 11172459 Highway 111 * Visalia: 3125 South Mooney Blvd. Arterial * Coralville: 2515 Corridor Way Suite 5Kansas:Lawrence: 3106 S. Iowa St., Suite 2153106 S. Iowa St., Suite 215 Manhattan: 425 3rd Place425 3rd Place * Olathe: 15335 W. 119th St.Kentucky:Elizabethtown: 1998 N. Dixie Ave.1998 N. Dixie Ave. New Hartford: 4805 Commercial Drive4805 Commercial Drive Kingston: 1187 Ulster Ave.1187 Ulster Ave. Plattsburgh: 73 Centre Drive, Suite 10073 Centre Drive, Suite 100 Farmingdale: 251 Airport Plaza Blvd.

☆ Enzo Fernandez: Chelsea sign midfielder in £106.8m British-record transfer deal from Benfica
▼ + stars: | 2023-02-01 | by ( ) www.cnbc.com time to read: +2 min

Chelsea had been in talks to sign the World Cup winner throughout January, but Benfica had refused to do business unless the Blues paid his €120m release clause. Nurphoto | Nurphoto | Getty ImagesChelsea have signed midfielder Enzo Fernandez from Benfica for a British-record £106.8m. The deal for the Argentine surpasses the £100m Manchester City paid for Jack Grealish from Aston Villa 18 months ago. But Chelsea agreed a deal of €121m at 9.15pm on Deadline Day after 12 hours of talks led by Chelsea's co-owner Behdad Eghbali from London. Fernandez will help to replace Jorginho, who joined Chelsea's London rivals Arsenal on Deadline Day in a £12m deal.

☆ Strong U.S. economic growth expected in fourth quarter, outlook darkening
▼ + stars: | 2023-01-26 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

Retail sales have weakened sharply over the last two months and manufacturing looks to have joined the housing market in recession. While the labor market remains strong, business sentiment continues to sour, which could eventually hurt hiring. According to a Reuters survey of economists, GDP growth likely increased at a 2.6% annualized rate last quarter after accelerating at a 3.2% pace in the third quarter. Trade, which accounted for the bulk of GDP growth in the third quarter, was seen either making a small contribution or subtracting from GDP growth. While the labor market thus far has shown remarkable resilience, economists argue that deteriorating business conditions will force companies to slow hiring and lay off workers.

☆ Actor Ezra Miller gets fine, probation after home break-in
▼ + stars: | 2023-01-13 | by ( Associated Press | ) www.nbcnews.com time to read: +2 min

Actor Ezra Miller pleaded guilty Friday to a charge stemming from a break-in and theft of alcohol at a neighbor’s home in Vermont, one of a string of arrests and reports of erratic behavior last year that stretched from Hawaii to New England. During the nearly 30-minute hearing in Bennington, Miller, 30, answered the judge’s questions but declined to make a statement. Miller pleaded not guilty in October to stealing liquor from a neighbor’s home in Vermont. The homeowner said he had been friends with Miller for about 18 years and bought the home a year and half ago in Stamford, where Miller also had a home, according to the police affidavit. Miller was arrested twice last year in Hawaii, including for disorderly conduct and harassment at a karaoke bar.

Jan 12 (Reuters) - Crypto broker Genesis owes creditors more than $3 billion, a person familiar with the matter told Reuters, as woes pile up for its owner, venture capital company Digital Currency Group (DCG). DCG is considering offloading parts of its venture capital holdings to raise money, the Financial Timesreported Thursday. DCG's portfolio includes 200 crypto-related projects such as exchanges, banks and custodians in at least 35 countries, and are worth about $500 million, the report added. Meanwhile, its parent DCG saw calls from Cameron Winklevoss, co-founder of crypto exchange Gemini, for the removal of DCG's chief executive officer, Barry Silbert, earlier this week amid tensions between the high-profile executives. Stamford, Connecticut-based DCG is also the parent company of several high-profile crypto firms, including crypto asset manager Grayscale.

☆ DCG's crypto broker Genesis owes creditors more than $3 bln - FT
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +1 min

Jan 12 (Reuters) - Crypto broker Genesis owes creditors more than $3 billion, prompting its owner Digital Currency Group (DCG) to explore selling assets in its venture portfolio to raise money, the Financial Times reported on Thursday, citing people familiar with the matter. Genesis and DCG did not immediately respond to Reuters requests for comment. Several crypto companies have lately been under pressure trying to navigate unprecedented industry-wide turmoil amid waning investor appetite for digital assets after major exchange FTX blew up late last year. Meanwhile, its parent DCG saw calls from Cameron Winklevoss, co-founder of crypto exchange Gemini, for the removal of DCG's chief executive officer, Barry Silbert, earlier this week amid tensions between the high-profile executives. Stamford, Connecticut-based DCG is also the parent company of several high-profile crypto firms, including crypto asset manager Grayscale.

☆ Potter says managing Chelsea is the hardest job in football
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +2 min

I think it is probably the hardest job in football because of that leadership change and the expectations because of, rightly, where people see Chelsea," Potter said before Chelsea's trip to Fulham on Thursday. "The reality of where the club is in terms of establishing itself as a well-run football club that functions well in a really competitive environment, maybe we're not there yet. "I'm not after pity, I'm really grateful and privileged to be here," Potter said. "This club was run a certain way for 20 years and run really well. ($1=0.82 pounds)Reporting by Hritika Sharma in Bengaluru; Editing by Neil FullickOur Standards: The Thomson Reuters Trust Principles.

Actor Ezra Miller is expected to plea guilty to a lesser charge of trespassing in Vermont after being accused of stealing several bottles of alcohol from someone's home. They were later charged with unlawful trespassing, two charges for burglary into an unoccupied dwelling and petit larceny. A clerk for Vermont Superior Court confirmed to NBC News Wednesday that the parties have come to an agreement to drop the burglary and larceny charges. Miller is expected to enter his guilty plea at a hearing Friday in Bennington County Superior Criminal Court. In another case from Hawaii, Miller allegedly threw a chair at a 26-year-old woman during a private get-together in Pāhoa.

☆ Bed Bath & Beyond is closing dozens of stores in 2023 — see the full list
▼ + stars: | 2023-01-10 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +10 min

Bed Bath & Beyond released an updated list of store closures set to take place by March. San Leandro: 15555 East 14th St., Suite 24015555 East 14th St., Suite 240 Burbank: 201 East Magnolia Blvd. ArterialKansas:Lawrence: 3106 S. Iowa St., Suite 2153106 S. Iowa St., Suite 215 Manhattan: 425 3rd PlaceKentucky:Elizabethtown: 1998 N. Dixie Ave.1998 N. Dixie Ave. New Hartford: 4805 Commercial Drive4805 Commercial Drive Kingston: 1187 Ulster Ave.1187 Ulster Ave. Plattsburgh: 73 Centre Drive, Suite 10073 Centre Drive, Suite 100 Farmingdale: 251 Airport Plaza Blvd. Wisconsin:Mequon: 11110 N. Port Washington RoadPuerto Rico:Bayamon: Plaza Del Sol, 725 West Main Ave.Do you work for Bed Bath & Beyond?

☆ Man City crush Chelsea in FA Cup, Stevenage stun Villa
▼ + stars: | 2023-01-08 | by ( Richard Martin | ) www.reuters.com time to read: +4 min

Elsewhere, League Two (fourth tier) side Stevenage pulled off the shock of the weekend by winning 2-1 at Premier League Aston Villa, scoring two goals in the final few minutes. City will play at home in the fourth round against either Premier League leaders Arsenal or League One side Oxford United, who meet on Monday. Potter said City were the last team he could wish to face during the team's difficult run of form. Walsall beat Stockport County 2-1, Stoke City won 3-0 at Hartlepool, Blackburn Rovers beat Norwich City 1-0 and Derby County beat Barnsley 3-0 to also make it to the fourth round. Bristol City and Swansea City will meet again in a replay after drawing 1-1.

☆ Italian soccer great Gianluca Vialli dies at 58
▼ + stars: | 2023-01-06 | by ( Associated Press | ) www.nbcnews.com time to read: +3 min

Gianluca Vialli, the former Italian soccer forward who helped Sampdoria and Juventus win Serie A and European trophies before becoming player-coach at Chelsea, has died. Vialli and Mancini also helped Sampdoria reach the 1992 European Cup final, which it lost to Barcelona at Wembley Stadium. Mihajlović also played with Mancini at Sampdoria after Vialli left the club for Juventus. Vialli won another Serie A title at Juventus and also raised the Champions League and UEFA Cup trophies with the Bianconeri. He ended his playing career while also managing Chelsea, leading the London club to FA Cup, League Cup and Cup Winners’ Cup titles.

☆ Man City squad depth makes the difference at Chelsea
▼ + stars: | 2023-01-05 | by ( William Schomberg | ) www.reuters.com time to read: +2 min

Within three minutes, Grealish sent in a pinpoint cross for Mahrez to win the match for City. The victory at Stamford Bridge, against an injury-hit and out-of-form Chelsea, moved City to within five points of Arsenal who failed to pierce Newcastle United's defence on Tuesday in a 0-0 draw at the Emirates Stadium. Despite the array of top-name stars at his disposal, Guardiola heaped most praise on 18-year-old Rico Lewis who came off the bench at halftime to replace wing back Joao Cancelo and helped turn the game in City's favour. "This young boy has the ability and quality to not just play good, but to make his mates better. He said Mount might be available to face Manchester City on Sunday in the FA Cup and hoped Pulisic's injury was not too serious.

☆ Chelsea beat Bournemouth to return to winning ways
▼ + stars: | 2022-12-27 | by ( ) www.reuters.com time to read: +3 min

Chelsea ended a run of five league matches without a victory and moved up one place in the league standings to eighth. Bournemouth have now lost four of their past five league games and remain in 14th place on 16 points. The quick movement of the ball was characteristic of the home side's approach as they overwhelmed Bournemouth in all departments. Bournemouth goalkeeper Mark Travers made several good saves too -- from Sterling on the stroke of halftime and Mount after the break. It's a step forward for us as a team," said Chelsea manager Graham Potter, who will feel some pressure off his shoulders.

☆ FIFA and UEFA did not breach EU laws in blocking European Super League, but proponents aren’t for giving up
▼ + stars: | 2022-12-15 | by ( Sammy Mngqosini | ) edition.cnn.com time to read: +4 min

CNN —The decisions taken by soccer bodies FIFA and UEFA to block the European Super League (ESL) are in line with European Union (EU) competition laws, according to an EU Opinion issued on Thursday. “The FIFA-UEFA rules under which any new competition is subject to prior approval are compatible with EU competition law,” Advocate General Athanasios Rantos at the EU Court of Justice (CJEU) said. The ESL was set up in 2021 by 12 European clubs with the intention to break away from European football governing body UEFA to create their very own competition. FIFA also welcomes the Advocate General’s recognition of FIFA’s exclusive rights to market international competitions organized by FIFA. Fans of Chelsea Football Club protest against the European Super League outside Stamford Bridge on April 20, 2021.

☆ Exclusive: Hestia seeks to take control of Pitney Bowes board, oust CEO
▼ + stars: | 2022-12-12 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

Hestia, which scored big gains on a bet on GameStop (GME.N), plans to nominate more than five candidates for election to the nine-person board of Pitney Bowes early next year. Marc Lautenbach has been CEO of Pitney Bowes for a decade and Michael Roth, the chair, has served on the board since 1995. A representative for Pitney Bowes was not immediately available for comment. read moreWolf suggested that the Pitney Bowes board consider selling the company's Global Ecommerce segment if its results did not improve, Reuters reported. Hestia believes Pitney Bowes should focus on cash-generating segments such as Presort Services, its mail aggregation business, and SendTech Solutions, its postal-meter business.

☆ SponsorUnited wants to be the 'Bloomberg terminal' for brand sponsorships. It used this 12-slide pitch deck to raise $35 million.
▼ + stars: | 2022-11-23 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

SponsorUnited has raised $35 million to become the 'Bloomberg terminal' for brand sponsorships. The startup's platform helps brands see data on sponsorships across their respective industries. Check out the 12-slide pitch deck it used to raise the funds in a Series A round. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. A source close to the firm said that the round puts the startup's valuation at north of $100 million, with the total now raised at $38.6 million since its launch.

☆ EXCLUSIVE Hedge fund Hestia wants Pitney Bowes to review capital spend, e-commerce segment
▼ + stars: | 2022-11-21 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

It is not clear whether Hestia, run by Kurt Wolf, plans to nominate director candidates for election to the company's nine-member board. A Pitney Bowes spokesperson was not immediately available for comment. Pitney Bowes, which is headquartered in Stamford, Connecticut, is valued at $628 million. Wolf believes Pitney Bowes should focus on cash-generating segments like Presort Services, its mail aggregation business, and SendTech Solutions, its postage meter business. Securities filings show that Permit Capital, LLC and Miller Value Partners LP, which were also investors in GameStop alongside Hestia, are also invested in Pitney Bowes.

Genesis is owned by Stamford, Connecticut-based venture capital company Digital Currency Group. The contagion concerns stem from Genesis' prominence in crypto, its links to troubled firms and broader reach into the financial world. "It's a signal of worse outcomes" for the crypto market, particularly since Genesis also deals with brokers, family offices and money managers. Last year, Genesis extended $130.6 billion in crypto loans and traded $116.5 billion in assets, according to its website. Crypto.com, an exchange, and Tether, which operates the world's largest stablecoin, on said Wednesday they had no exposure to Genesis.

☆ Arsenal return to top, Salah earns Liverpool win at Spurs
▼ + stars: | 2022-11-06 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

A second-half goal by Brazilian defender Gabriel earned Mikel Arteta's side their 11th win in 13 league games and they have now beaten Tottenham Hotspur, Liverpool and Chelsea. Gabriel's 63rd minute toe-poke by Gabriel was enough to lift Arsenal to 34 points from 13 games. "We're not in a fantastic moment as we speak and in the end Arsenal deserved to win because they were the better team overall," Potter said. But despite constant pressure they could not equalise as Liverpool held on for their first away league win of the season. Tottenham are in fourth place with 26 points from 14 games while Liverpool rose to eighth with 19 points.

☆ Gabriel goal at Chelsea sends Arsenal back to the top
▼ + stars: | 2022-11-06 | by ( ) www.reuters.com time to read: 1 min

LONDON, Nov 6 (Reuters) - A 63rd-minute toe-poke on the goal line from Brazilian defender Gabriel earned Arsenal a 1-0 victory over Chelsea at Stamford Bridge on Sunday and lifted them back to the top of the Premier League. Gabriel, lurking at the far post, got on the end of a Bukayo Saka corner that flew past a line of Chelsea defenders. Arsenal, pressing hard and moving the ball at pace, had the better of a highly-charged London derby but were profligate in front of goal, with Gabriel Jesus, Gabriel Martinelli and Ben White missing chances against Graham Potter's side. Chelsea's best efforts came on the counter-attack but they could produce only half-chances for Kai Havertz, Pierre-Emerick Aubameyang and Raheem Sterling. Reporting by Clare Lovell, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. job growth seen smallest in nearly two years in October, unemployment rate up
▼ + stars: | 2022-11-04 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

"The labor market is basically OK, but it does seem to be slowing," said Guy Berger, principal economist at LinkedInin San Francisco. "The Fed is going to try to thread the needle where they slow down the labor market enough to put downward pressure on wages and inflation, without causing a recession." Still, the labor market remains tight, with 1.9 job openings per unemployed person at the end of September. Stripping out any distortions from the weather and calendar quirk, wage growth is cooling. "We believe we've seen wage growth peak," said Michelle Green, principal economist at Prevedere in Columbus, Ohio.

☆ Weak Amazon outlook another blow to tech-type growth shares
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +7 min

But Apple earnings on Thursday were a bright spot, with higher than expected revenue leaving its shares (AAPL.O) only slightly lower. But then we look at the Apple report and they reported strong growth in a lot of their consumer categories. Going into the holiday season you would expect the consumer to really ramp up so that I see a big divergence between Apple and Amazon." What we saw in the past is that in a period of growth, tech really grew faster than anything else and got multiples that reflected that. There was always concern going into earnings, and quarter after quarter, they surprised to the upside.

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