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A Chinese teenager spent her parents' life savings on mobile games in only four months. Their debit card was linked to her game, and she pulled money from their savings account. When her mom checked her savings account, there were about seven cents left. Credit cards allow some recourse when you notice a suspicious transaction: You can dispute the charge, and you can freeze your card. You can typically also set alerts for the credit card company to notify you of transactions over a certain amount.

Persons: —, Matthew Loh, wouldn't, Loh Organizations: Service, Elephant News, Finance Locations: China

☆ Should You Get a Credit Card Just for the Sign-Up Bonus?
▼ + stars: | 2023-05-30 | by ( ) www.wsj.com time to read: +12 min

Card perksMany credit cards, especially travel credit cards, offer a variety of perks that can add value to your cardholder experience. If a specific premium travel credit card offers benefits on brands you already use, it could make sense to choose that card even if its sign-up bonus isn’t the best around. Credit scoreCredit card issuers typically don’t disclose a minimum score requirement, but most rewards credit cards with sign-up bonuses stipulate that you need good credit. That said, your credit score is just one factor that card issuers consider when you apply for a credit card. A new credit card isn’t worth it if it threatens your financial security—no matter how good the sign-up bonus.

Persons: Ben Luthi, Chase, you’ll, ”, Derek Flanzraich, you’re, Matthew Goldman, Hyatt, Goldman, FICO Organizations: Chase, Target, Walmart, Express, “, American, Citi, Venture, Southwest Airlines, Marriott, Hilton Locations: Chase, Ness, Europe

☆ 8 things you shouldn't cut back on during a recession
▼ + stars: | 2023-05-30 | by ( Jen Glantz | ) www.businessinsider.com time to read: +7 min

Financial experts say there are eight things worth every penny that you shouldn't stop spending on. If you're starting to plan what items you should cut back on, take a look at what these financial experts say are worth every penny — even during a recession. If you're struggling to afford your internet or phone service during a recession, Lalonde recommends calling your current provider and asking for discounts or looking for lower-cost options with other providers out there. To prepare for a looming recession, Lalonde recommends making sure your coverage is up-to-date and researching if there are any government or community programs that can assist you with the cost of healthcare costs. If you're prioritizing what to cut back on, Nelson recommends cutting spending elsewhere to ensure debts are being paid off first.

☆ When couples say they broke up over money, it's not the real reason, therapist says. Here's what is
▼ + stars: | 2023-05-25 | by ( Annie Nova | ) www.cnbc.com time to read: +5 min

Guralnik is the star of the Showtime documentary series "Couples Therapy," in which she analyzes real patients in a room with hidden cameras. While financial issues can spark intense conflict for couples, Guralnik doesn't believe money, or the lack of it, is the real reason they split up. "If you're refusing to look at your bank account when you're pulling out your credit card, you can accrue debt," Guralnik said. People are "shielding themselves from knowing reality" when they refuse to pay attention to their finances, Guralnik said. Two people in a relationship can have vastly different attitudes about money, Guralnik said.

Persons: Orna, he'd, doesn't, George Frederick Watts, Orna Guralnik, Guralnik doesn't, Guralnik, It's, what's, I'm, Kristi, Brock, Guralnik they're, Jamie Grill Organizations: Showtime, Finance, Guralnik

☆ Porsche to incorporate Mobileye automated driving and navigation software
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +1 min

BERLIN, May 9 (Reuters) - Porsche (P911_p.DE) will incorporate automated assistance and navigation functions from Mobileye's (MBLY.O) so-called "SuperVision" technology platform in future models, Mobileye said on Tuesday. The agreement is the technology provider's second large signing for the platform with a large automotive group after China's Geely [RIC:RIC:GEELY.UL]. Volkswagen (VOWG_p.DE) has been planning to expand its cooperation with Mobileye since late last year when it decided to stop investing in self-driving start-up Argo AI, Reuters reported at the time. The Israel-based firm, which went public last October, already cooperates with Volkswagen's software unit Cariad. Reporting by Victoria Waldersee and Jan Schwartz, Editing by Rachel MoreOur Standards: The Thomson Reuters Trust Principles.

☆ Porsche, VW Commercial Vehicles partner with Mobileye on automated driving software
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +1 min

BERLIN, May 9 (Reuters) - Porsche (P911_p.DE) will incorporate automated assistance and navigation functions from Mobileye's (MBLY.O) so-called "SuperVision" technology platform in future models, Mobileye said on Tuesday. The agreement is the technology provider's second large signing for the platform with a major automotive group after China's Geely (GEELY.UL). Volkswagen Commercial Vehicles, which was previously going to use technology from Pittsburgh-based self-driving startup, Argo AI for self-driving shuttles and vans, will also partner with Mobileye, a spokesperson said. Volkswagen pulled out of its planned investment in Argo AI last October and said at the time its commercial vehicles unit would seek a new partnership. Together with Mobileye, the unit will seek to implement so-called "Level 4" autonomous driving - considered fully autonomous, though humans can still request control - in its ID.

☆ 'Couples Therapy' psychoanalyst Orna Guralnik wants us to get more honest about our finances
▼ + stars: | 2023-05-08 | by ( Annie Nova | ) www.cnbc.com time to read: +6 min

Orna Guralnik Source: ShowtimeNot long after I began working as a personal finance reporter at CNBC in 2018, I started psychoanalysis. When I first saw Guralnik's documentary series "Couples Therapy" on Showtime, in which she provides therapy to real patients in a room with hidden cameras, I couldn't look away. I wanted to ask her about relationships and money, and got the chance to do so at the end of April, just when the new episodes of Season three of "Couples Therapy" premiered. OG: Money is a very important point of contact with reality. For couples, often, 'the breakup is not about money'AN: What are the biggest differences around money for couples?

☆ Bentley production chief to lead Volkswagen's software overhaul - sources
▼ + stars: | 2023-05-08 | by ( Jan Schwartz | ) www.reuters.com time to read: +2 min

May 8 (Reuters) - Volkswagen (VOWG_p.DE) will announce later on Monday the removal of leadership at its troubled software arm Cariad and the appointment of Bentley production chief Peter Bosch to take the unit's helm, two sources close to the company said. Volkswagen is set to dismiss all but one of the unit's current executive board members, with only human resources head Rainer Zugehoer to remain. Bosch will also take over financial management at Cariad, the sources said, confirming an earlier report by Handelsblatt. Sources said at the time that Diess' failure to put Cariad, a business he set up, on a solid footing contributed to his ousting. Reporting by Jan Schwartz, Writing by Victoria Waldersee, Editing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.

☆ Billionaire investor Stanley Druckenmiller says the debt-ceiling crisis pales in comparison to the 'horror movie' of reckless spending
▼ + stars: | 2023-05-03 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

"The fiscal recklessness of the last decade has been like watching a horror movie unfold." That's according to billionaire investor Stanley Druckenmiller, who has been raising the alarm about US deficits for several years. "The fiscal recklessness of the last decade has been like watching a horror movie unfold," he said in a Monday speech at the University of Southern California, according to Bloomberg. To Druckenmiller, spending on Social Security, Medicare and Medicaid will have to be cut in the future, if not today. Druckenmiller also laid responsibility on the Federal Reserve, as its easy-money policies encouraged market and spending recklessness for over a decade.

Adult ADHD can make it harder to focus on tasks that don't capture your attention, experts say. Strategies for managing your finances with ADHD include getting outside help and giving yourself extra time. It's no surprise, then, that adult ADHD affects your ability to stay on top of your financial management and overall financial well-being. Experts say there are ways you can keep your finances under control with adult ADHD, though. "When I was managing my business finances and using QuickBooks, it was a very visually overwhelming experience for me," says Potter.

☆ Meta and Disney begin cutting jobs. Here's a rundown of all Club names planning major layoffs
▼ + stars: | 2023-04-20 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

The list includes Meta Platforms (META) and Walt Disney (DIS). META YTD mountain Meta's stock performance year to date. The March layoff plan was in addition to the 11,000 job cuts disclosed in November. As part of this effort, Disney announced in February it was planning roughly 7,000 total job cuts in a series of three rounds. Amazon (AMZN) CEO Andy Jassy announced 18,000 job cuts in early January impacting retail and recruiting operations .

I had the opportunity to join Jean Chatzky on the HerMoney podcast and discuss reasons why credit card debt grows and ways to get out of any credit card debt weighing you down. On the HerMoney podcast, I discussed four steps to get out of credit card debt and how to be a savvy credit card user. Talk to your credit card companyIf you have a positive payment history with your credit card company and you are experiencing a financial hardship (layoff, illness, etc. In Insider's list of the best starter credit cards, we highlight cash back, student, and small business credit cards, almost none of which charge an annual fee. Being a smart credit card user isn't using a credit card all the time, being a rewards card holder, or carrying several credit cards — it's knowing a credit card is a tool that can be used affordably.

Some 78.9% of proxy votes on behalf of Oz Minerals' investors were in favour of the takeover offer of A$26.50 cash from BHP and a A$1.75 special dividend paid to Oz Minerals investors, at a shareholder meeting in Adelaide on Thursday. It will bring in Oz Minerals' Carapateena copper mine, close to BHP's own Olympic Dam copper mine and smelting operations in South Australia. Strategically it will also boost BHP's nickel supply through Oz Minerals' West Musgrave nickel project in Western Australia, where BHP is already producing nickel sulphate at its Nickel West operations. If the deal is approved as expected, Oz Minerals shares will be suspended on April 18. Oz Minerals' board had unanimously supported the bid.

☆ Amazon CEO Andy Jassy needs to take a page out of Mark Zuckerberg's cost-cutting playbook at Meta
▼ + stars: | 2023-04-13 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

Andy Jassy, CEO of Club holding Amazon (AMZN), said Thursday he's committed to investing in overall growth while creating cost efficiencies throughout the enterprise. Jim has said that Amazon needs to cut another 200,000 jobs or more to even approach pre-pandemic staffing of around 798,000 in Q4 of 2019. For example, Amazon has stopped physical store expansion, shuttered Amazon Care and Amazon Fabric, and it's letting go of devices that won't provide solid returns. Jassy also addressed Amazon's stock price during CNBC's interview. AMZN .SPX mountain 2020-04-09 Amazon vs. S & P 500 since April 2020 Bottom line Amazon needs to make additional moves to further reduce its headcount.

☆ Ousted Marvel Entertainment Chairman Ike Perlmutter to retain Disney shares
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +1 min

April 5 (Reuters) - Marvel Entertainment's former chairman Ike Perlmutter on Wednesday said he will hold on to his Disney (DIS.N) shares, a week after reports of his termination from the role. Reuters reported last Wednesday that Disney had laid off Perlmutter, 80, as part of a cost-cutting campaign. News of Perlmutter's termination had come after he supported activist shareholder Nelson Peltz's unsuccessful bid to obtain a seat on Disney's corporate board. "Trian CEO Nelson Peltz has a long history of improving shareholder returns at many leading consumer businesses," Perlmutter said in a public statement on Wednesday. According to the WSJ report from earlier in the day, he owns about 30 million shares of Disney, worth about $3 billion.

Financial planner Nicole Morong says buying a house isn't the best decision for six types of people. But financial planner Nicole Morong at Peterkin Financial says buying a house isn't the best financial move for everyone, and most people who feel pressured to do so can't actually afford it. See Insider's picks for the best mortgage lenders for first-time buyers >>"Affordability is more than whether or not you can pay the monthly mortgage," Morong says. If you do, Morong says you're probably better off renting than owning a home. You don't have an emergency savings fundAn emergency savings fund is three to six months worth of living expenses, typically kept in a high-yield savings account so that it's easily accessible in case of an emergency.

CNBC Select asked Brian Walsh, a CFP and Senior Manager of Financial Planning at SoFi, to share some of his best tips for making travel more affordable. Plus, waiting too long could mean the more affordable hotel and vacation rental options fill up, leaving you stuck paying for pricey accommodations. Many travel rewards credit cards can make booking flights and hotels more affordable thanks to the large welcome bonuses they may offer. Capital One Venture Rewards Credit Card Learn More Information about the Capital One Venture Rewards Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication. Remaining flexible and using rewards points when booking your travel plans is key to significant savings.

☆ Meta CEO Mark Zuckerberg's additional jobs cuts will lead to more sustainable growth, reinforcing why we're shareholders
▼ + stars: | 2023-03-14 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Tuesday's announcement comes about a week after reports started surfacing that the Facebook and Instagram parent would potentially slash thousands more jobs . Jim Cramer on Tuesday said Zuckerberg's "flatter is faster" and "leaner is better" approach is another positive step toward focusing on profitability. META 1Y mountain Meta Platforms (META) 1-year performance In November, Meta announced it was letting go of 11,000 employees , or about 13% of its workforce at that time, after overhiring during the Covid pandemic. Jim said in Tuesday's Morning Meeting that Meta is "rapidly becoming my favorite stock in the portfolio." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ I make $1,000 a month taking surveys online. It's quick, easy money that helps me pay off my student loans.
▼ + stars: | 2023-03-13 | by ( Jen Glantz | ) www.businessinsider.com time to read: +6 min

Finally, after doing some general research on side hustles, I found that you could make money taking surveys. I make anywhere from $500 to $1,000 a month taking surveysI've been taking surveys for two-and-a-half years. Soon after, I found myself taking a few surveys a week, based on topics that my skill set qualified for. For example, a 10-minute survey would pay between $30 and $40, and an hour-long survey would pay $500. Taking surveys are a great way to earn income based on your knowledge and what you're the most passionate about.

☆ We have a buyer's mentality heading into Friday's highly anticipated jobs report
▼ + stars: | 2023-03-09 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Stocks accelerated to the downside late in the session as worries resurfaced about how Friday's employment report might influence Fed policy. Depend on the data Powell's testimony Tuesday before a Senate panel and Wednesday before a House panel was lengthy and covered a broad range of issues, including rates, inflation, the debt ceiling and cryptocurrency regulation. That includes the government's February nonfarm payrolls report on Friday and the latest readings on consumer inflation and wholesale inflation next week. Economists estimate that 207,500 nonfarm jobs were created in February — less than half of January's much stronger-than-expected 517,000 additions . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Technology Chiefs Seek Help Wrangling Cloud Costs
▼ + stars: | 2023-03-03 | by ( Belle Lin | ) www.wsj.com time to read: +6 min

Some chief information officers have turned to cloud management tools and established internal teams to oversee their cloud spending. Mr. Nimboorkar said the company has since built a dedicated team to manage its Amazon Web Services spending and invested in a third-party cloud spending management tool. Executives from all three cloud giants have said customers are optimizing or reining in their cloud spending, citing economic factors. Many of the best practices in cloud spending management have been codified by the nonprofit FinOps Foundation, which promotes cloud financial literacy and accountability, she said. That model allows Mr. Kanchi to wholly manage cloud spending, he said, but was only possible after UST figured out how to tag cloud usage by its various business units.

The news: Morgan Stanley said Alphabet, Amazon (AMZN) and Meta are among the stocks that are best positioned to capture long-term gains from maturing artificial intelligence (AI) capabilities. AI has the ability to "accelerate digital transformation, change consumer behavior and drive more durable multi-year digital growth," Morgan Stanley analysts wrote in a research note this week. Moreover, this "AI Effect" could create a $780 billion online advertising opportunity, with "GOOGL and META as the largest beneficiaries," according to Morgan Stanley. The Club take: The Morgan Stanley note is further validation of just how real the generative AI opportunity is. So, it's encouraging to see Morgan Stanley paint a positive picture about Apple in the near-to-medium term.

☆ A freelancer who makes 6-figures says that anyone can turn writing into a side hustle. He shares the 'funny and unconventional' cover letter that landed him his first major gig without a writing bac
▼ + stars: | 2023-03-03 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

He sent The Motley Fool an unconventional cover letter and it worked. Still, he decided to try his hand at freelance writing to make some extra money to spend on travel. "I had no qualifications so I resorted to shock value," he said of his application to The Motley Fool. The 27-year-old believes that anyone can try out freelance writing as a side hustle, regardless of your background. Courtesy of Tony Dong"Fortune favors the bold, or so I'm told," added Dong, who still writes for The Motley Fool today.

Balance transfer fee: Many balance transfer cards charge a fee per transfer. Learn more: How 0% APR cards work and how to complete a balance transferWhat credit score is required for 0% APR credit cards? Most 0% APR credit cards are reserved for consumers with good (670-739) or excellent (740 and greater) credit. 8 things to know before applyingWhat's the best way to use a 0% APR credit card? When you apply for a credit card (including a 0% APR card), you'll have a hard credit pull on your credit report, which typically comes with a dip of a few points in your credit score.

☆ Club holding Meta is likely to be a winner in the nascent generative AI battle
▼ + stars: | 2023-03-01 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Meta Platforms (META) is muscling its way into a heated AI arms race just as competitors Microsoft (MSFT) and Alphabet (GOOGL) are making big strides. Generative AI encompasses a set of machine learning techniques that allow computers to generate text, images and other media in response to human queries. The Facebook parent's generative AI capabilities are competitive, according to Mark Zgutowicz, a research analyst at Benchmark. META 1Y mountain Meta Platforms (META) one-year performance. We also expect Meta to benefit from it's partnership with Club holding Nvidia (NVDA), whose semiconductors and related software are integral to the generative AI field.

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