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☆ We remain bullish on Constellation Brands despite a top-line miss last quarter
▼ + stars: | 2023-04-06 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Constellation Brands (STZ), the maker or Corona beer and other alcoholic drinks, reported mixed quarterly results on Tuesday. Bottom line Despite the top-line miss, we like what we're seeing this current quarter, which includes Cinco de Mayo, a big day for beer sales. Beer operating margin contracted as higher prices were more than offset by higher packaging, raw materials, logistics and other costs. Additionally, operating cash flow is expected to come in between $2.4 billion and $2.6 billion, below the 3.06 billion expected coming into the quarter. Taking out capital expenditures of $1.2 billion to $1.3 billion, the free-cash-flow forecast comes in between $1.2 billion and $1.3 billion, also a bit short versus the $1.4 billion expected coming into the print.

☆ Sellers testing TikTok's shopping program say it's offering big discounts and driving sales as the company tries to jumpstart its US e-commerce business
▼ + stars: | 2023-04-06 | by ( Dan Whateley | ) www.businessinsider.com time to read: +5 min

Sellers told Insider that TikTok Shop is driving real sales, but still has some bugs to work out. Thus, when TikTok emailed her in March to join the US rollout of its e-commerce initiative TikTok Shop, she decided to give it a shot. "We're seeing a ton of sales through TikTok Shop," Davison told Insider. Unlike with some other e-commerce platforms such as Amazon, TikTok sellers in the US need to handle their own order shipping and fulfillment. Because the program is still in its testing phase, sellers told Insider they've encountered a few hiccups.

☆ Switzerland faced a full-scale bank run if Credit Suisse went bankrupt, Swiss regulator argues
▼ + stars: | 2023-04-05 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +7 min

It would have erased the holding company Credit Suisse Group, along with the parent bank Credit Suisse AG and its branches, while retaining the Credit Suisse (Schewiz) AG entity because of its "systemic importance." "The parent bank Credit Suisse AG would have gone under – a Swiss bank with total assets of over CHF 350 billion and ongoing business also running into many billions," Angehrn warned. Many other Swiss banks would probably have faced a run on deposits, as Credit Suisse itself did in the fourth quarter of 2022." Angehrn said the regulator has been in recent dialogue with the U.S., but did not experience international pressure in its supervision of Credit Suisse. The authorities would have risked not stopping a looming financial crisis by using the tool of resolution, but rather triggering such a financial crisis."

Introduction to the Schumer BoxWhat Is a Schumer Box? It's called the Schumer Box after New York Senator Charles Schumer who championed the legislation that did away with much of the fine print. How to Read a Schumer BoxIt can still be tricky to find (and comb through) a Schumer Box. Interpreting Interest Rates and FeesNow that you've found the Schumer Box, and are able to easily read it, start by looking at the card's interest rates. Applying the Schumer Box in Real LifeTips for Credit Card ComparisonWhen you're comparing credit card options, the Schumer Box offers a deeply comprehensive breakdown of what you can expect with each issuer.

Persons: Schumer, —, It's, Charles Schumer, Read, you've, haven't Organizations: Service, New Locations: United States

☆ The New York Sun hires former News Corp. exec and MailOnline boss Noah Kotch
▼ + stars: | 2023-04-05 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +2 min

The New York Sun has hired online and television news veteran Noah Kotch as managing editor. Kotch will work with editor Seth Lipsky to grow the newsroom and find new audiences. The New York Sun, a conservative-leaning online newspaper, has hired former top News Corp. executive Noah Kotch as managing editor, the company confirmed. Kotch was most recently general manager at News Corp., where he worked on projects such as AI-powered news aggregator Knewz. In a brief phone interview Efune said The New York Sun is about "principle over politics and people over party."

☆ Starwood Capital's Barry Sternlicht says the U.S. is going into a 'serious' recession
▼ + stars: | 2023-04-04 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Starwood Capital CEO Barry Sternlicht said Tuesday that a severe economic downturn is inevitable. "I think we're going into a serious recession," Sternlicht said on CNBC's " Squawk Box ." However, Dimon said he believes that the U.S. might be able to skirt a recession. Sternlicht previously said he and his colleagues looked at six regional banks and studied their mark-to-market losses on assets. They know that this cannot last and we have the very low consumer confidence, very low savings rates, very low CEO confidence, and a series of layoffs coming through the service industries," Sternlicht said.

☆ 9 Middle Eastern funds and investors pouring money into US media, sports, and entertainment
▼ + stars: | 2023-04-03 | by ( Lucia Moses | Claire Atkinson | ) www.businessinsider.com time to read: +9 min

Governments and investors in the Middle East are pouring money into Western media and entertainment. Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment, and they're finding plenty of takers. The channels for money from Saudi Arabia and other parts of the Middle East are complex. Insider broke down the key entities — their owners, leaders, and high-profile investments and joint ventures — in the top three Middle Eastern nations pouring money into US entertainment and media. It describes itself as the largest media company in the Middle East and North Africa and runs one of the largest TV news channels, Al Arabiya.

☆ Clearview AI scraped 30 billion images from Facebook and gave them to cops: it puts everyone into a 'perpetual police line-up'
▼ + stars: | 2023-04-03 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +9 min

Clearview AI scraped 30 billion photos from Facebook to build its facial recognition database. Representatives for Clearview AI did not immediately respond to Insider's request for comment. Since then, the spokesperson told Insider, Meta has "made significant investments in technology" and devotes "substantial team resources to combating unauthorized scraping on Facebook products." CNN reported Clearview AI last year claimed the company's clients include "more than 3,100 US agencies, including the FBI and Department of Homeland Security." "You don't know what you have to hide," Guariglia told Insider.

☆ I made $1 million in revenue from documenting my life with chickens on social media. Here's how I turned my blog into an empire.
▼ + stars: | 2023-04-03 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +8 min

Lisa Steele is a blogger and small-business owner who made more than $1 million in revenue in 2022. Now, I'm earning more than $1 million in revenue annually through book royalties, brand deals, and a backyard-poultry product line. I might have a phone call about products we're launching or about a new brand I'm working with, or I might design product labels or do research for a blog post. When I'm working on a book, and I've written seven in the last decade, I schedule social media as much as I can to give myself larger blocks of time to concentrate on writing. My time is super flexible, so I can live my life and still have a successful brand.

☆ Saudi money is flowing to US media and entertainment, from Live Nation to LIV Golf, 5 years after Jamal Khashoggi's murder: 'The ice has thawed'
▼ + stars: | 2023-04-03 | by ( Claire Atkinson | Lucia Moses | ) www.businessinsider.com time to read: +20 min

Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment. Insider identified some key people connecting Middle East investors with American companies. Saudi Arabia is trying to pitch itself to the world as a cultural and economic reformer and spur tourism. Vince McMahon's WWE has a long-term partnership with the Kingdom of Saudi Arabia, with a major live WWE event there slated for May. Vince McMahon's WWE was one of the first US companies to create unique events in Saudi Arabia.

☆ Top analysts are bullish on these five long-term picks
▼ + stars: | 2023-04-02 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Here are five stocks chosen by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. Rakesh holds the 94th position among more than 8,000 analysts followed on TipRanks. The analyst ranks 439th among more than 8,000 analysts followed on TipRanks. The analyst remains bullish on the stock and raised his price target to $134 from $128, as he continues to see a "meaningful upside." Santarelli holds the 27th position among more than 8,000 analysts on TipRanks.

☆ Try this 30-day money challenge to get smarter and be more successful with your money
▼ + stars: | 2023-04-01 | by ( Emmie Martin | ) www.cnbc.com time to read: +14 min

Day 2: Find an accountability buddyYour financial goals don't mean much if you don't stick to them. This ratio represents how much of your available credit you're using at any given time. Take a look at your credit card statements for the past 12 months. There are a number of ways to check your score for $0, starting with your credit card issuer or bank, many of which offer free services to their clients. Day 16: Update your income with your credit card companyIf you've received a raise or promotion since opening your credit card, consider reporting your increased income to your lender.

☆ Annie F. Downs Shares Stories of Her Life and Faith
▼ + stars: | 2023-03-31 | by ( Emily Bobrow | ) www.wsj.com time to read: 1 min

Annie F. Downs cringes when she describes her younger self. “I was not great at being a teenager,” she says. “Some of my friends knew how to dress, they knew how to be cool, they knew what to say to boys, I just didn’t know any of that.” The term “late bloomer” didn’t feel apt at the time because she worried she would never bloom at all. By her 20s, however, Ms. Downs felt not just older but wiser, and suspected her stories could help ease the growing pains of others. She scribbled her thoughts on weekends and printed them out for the teenage girls who came to her Bible study group on Monday nights in Marietta, Ga. “By the end of that first semester, one of them said, ‘Hey, will you print one more of these and staple it like a book so I can give it to my friend?’ And I said, ‘Oh, did I just write a book?” she recalls.

☆ Another Quarter, Another Change in EV Tax Credits
▼ + stars: | 2023-03-31 | by ( Stephen Wilmot | ) www.wsj.com time to read: 1 min

Getting the full $7,500 tax credit on a new electric vehicle is about to become tougher. On Friday, the Treasury Department and Internal Revenue Service published the fine print for their new EV tax credits. Auto makers have been waiting for this to confirm whether their products will qualify. Unless they find ways to flex the rules, the upshot is likely to be a massive reduction in EV subsidies from April 18, when the new regime takes effect.

☆ RBA to hike rates 25 bps on April 4 but decision on a knife edge
▼ + stars: | 2023-03-31 | by ( Shaloo Shrivastava | ) www.reuters.com time to read: +4 min

BENGALURU, March 31 (Reuters) - Australia's central bank is expected to go for a final 25 basis point interest rate hike to 3.85% on Tuesday, although forecasts from economists polled by Reuters suggest the decision on whether to hike or hold rates is on a knife edge. However, eight of the 13 economists expecting a pause pencilled in a rate hike sometime in the second quarter. Although CBA and Westpac forecast a pause in April, they expect one more rate hike in the second quarter. Minutes from the March meeting showed RBA board members reconsidered the case for a pause at the following meeting, noting monetary policy was already in restrictive territory and the economic outlook was uncertain. Although the median forecast showed the cash rate would remain at 3.85% until the end of 2023, five economists predicted it to peak at 4.10%.

☆ Asia-Pacific markets rise after Wall Street continues to see eased banking concerns
▼ + stars: | 2023-03-31 | by ( Jihye Lee | ) www.cnbc.com time to read: 1 min

Markets in the Asia-Pacific are set to trade higher on Friday as investors on Wall Street continued to shake off concerns of a further banking crisis. Markets also looked ahead to the U.S. personal consumption expenditure price index, the Federal Reserve's preferred measure of inflation, which is slated for release later in the day. In Australia, the S&P/ASX 200 rose 0.%73 in its first hour of trade. The Nikkei 225 rose 1.12% and the Topix rose 1.07% as Tokyo's inflation print continued to show lower levels from its recent peak of 4.3% seen in December. Hang Seng futures also pointed to a higher open at 20,563 against the index 's last close at 20,309.13.

☆ European stocks cautiously higher at open ahead of euro zone and U.S. inflation data
▼ + stars: | 2023-03-31 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Mining stocks were up 0.8%, while retail extended Thursday's rally, up 0.6%. European stock markets nudged higher at Friday's open, ahead of the U.S. inflation print coming in the afternoon. Friday will also see a flash estimate of euro zone and French inflation. Preliminary figures from Germany put inflation at 7.8%, lower than the previous month but above of a consensus estimate of 7.5%. European Central Bank policymakers have this week suggested more interest rate hikes are necessary, but may come at a slower pace.

Stock Chart Icon Stock chart icon Nvidia's stock performance year to date. Stock Chart Icon Stock chart icon Meta's stock performance year to date. Stock Chart Icon Stock chart icon Devon Energy's stock performance year to date. Stock Chart Icon Stock chart icon Johnson & Johnson's stock performance year to date. Stock Chart Icon Stock chart icon Honeywell's year to date stock performance.

Below, you'll find our top picks for the best banks for avoiding ATM fees. The best banks for avoiding bank ATM fees have free regional or national ATM networks, so you won't be charged for using an ATM. The Best Banks for Avoiding ATM FeesLendingClub Bank: Best online bank for avoiding domestic ATM feesConnexus Credit Union: Best credit union for avoiding domestic ATM feesChase: Best national bank for avoiding domestic ATM feesCharles Schwab: Best institution for avoiding international ATM feesTD Bank: Best regional bank for avoiding domestic ATM feesBetterment: Best online banking platform for avoiding domestic ATM feesWe've included brick-and-mortar banks, online banks, credit unions, and online banking platforms, so you can choose from a variety of options. Unlimited refunds on out-of-network ATM fees Check mark icon A check mark. You could also refer to the schedules of fees document to review ATM fees and ATM withdrawal limits."

☆ Bitcoin storms toward its strongest quarter in 2 years with a 72% jump, outperforming the Nasdaq and gold
▼ + stars: | 2023-03-29 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Bitcoin is on track for its best quarter in two years, with the token so far seeing a 72% jump. Bitcoin has outperformed the Nasdaq and gold this year, which are up 15% and 9%, respectively. The token has outperformed both the Nasdaq 100 and gold, which are up 15% and 9%, respectively, in the same stretch. And bitcoin got another boost after the collapse of Silicon Valley Bank set off fears of broader bank contagion. "Combined with a low CPI print, the price of bitcoin is pulling retail into the crypto economy again."

☆ GOP congressman from Tennessee says 'we're not gonna fix' school shootings and explains that he home schools his daughter
▼ + stars: | 2023-03-28 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +2 min

Rep. Tim Burchett of Tennessee had few solutions to offer after Monday's mass shooting in Nashville, Tennessee. In response to a question about stopping mass shootings, he said "we're not gonna fix it." On Monday, a 28-year-old shooter reportedly used assault-style weapons to kill three 9-year-olds and three staff members at The Covenant School, a private Christian school in Nashville. Speaking to reporters on Monday, hours after the shooting, Burchett was asked, "What else should be done to protect people like your little girl?" While answering a separate question about how to quell school shootings, he also said "we're not gonna fix it."

☆ Markets are getting their Fed call wrong, and the central bank isn't poised to cut rates anytime soon, BlackRock says
▼ + stars: | 2023-03-28 | by ( Carla Mozée | ) www.businessinsider.com time to read: +4 min

Markets are wrong in thinking the Fed will cut interest rates this year, according to BlackRock. Rate cuts are unlikely while inflation is sticky and the Fed signals bank stress won't deter it from tightening. "The Fed and other central banks made clear banking troubles would not stop them from further tightening," said Li. This month, the European Central Bank, the Bank of England, and the Swiss National Bank all raised their respective rates by 0.5%. "That damage is now front and center – central banks are finally forced to confront it," said Li.

Many people make the mistake of getting rid of important bank documents too soon or incorrectly. Keep online documents safe by adding antivirus software and monitoring usage with public computers. How long should I keep financial documents? Dixon says people often make the mistake of not keeping financial documents. If you use a public computer to check your online bank information, Dixon says you should clear your search history before you finish using it.

☆ FDIC coverage limits may be raised above $250,000 again. How experts say you can have more of your deposits insured
▼ + stars: | 2023-03-27 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

Experts say there are still ways to gain FDIC coverage even if you are over that $250,000 limit. Citizens Bank of Edmond offers additional coverage, with a limit of $150 million per depositor, through IntraFi Network. "If you're able to use IntraFi, then you don't necessarily have to go to another bank to get another $250,000," Castilla said. Jill Castilla CEO of Citizens Bank of EdmondBecause the bank's average deposit is typically $25,000, Citizens Bank of Edmond does not use the amplified coverage often, Castilla said. Add beneficiaries to your accountAnother way of getting more than $250,000 in coverage for your deposits is to add beneficiaries.

Our experts answer readers' personal loan questions and write unbiased product reviews (here's how we assess personal loans). Our Experts for the Best Personal Loans With No Origination FeesWe consulted personal loan and financial experts to give their insights into finding the best personal loans with no origination fees. See our full ratings methodology for personal loans »Best personal loans without origination fees LightStream Personal LoanSoFi Personal LoanDiscover Personal LoanWells Fargo Personal LoanPenFed Credit Union Personal LoanUSAA Personal Loan Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Personal Loan With No Origination Fees Frequently Asked QuestionsCan you get a personal loan without an origination fee? How to Choose the Best Personal Loan With No Origination FeesTo select the best personal loan for you, look at the factors that are most important to you.

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