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Keida Dervishi, 21, chose to start an embroidery business with her mom instead of going to college. AdvertisementThis as-told-to essay is based on a conversation with Keida Dervishi, the 21-year-old founder of Soulmate Customs. Soulmate Customs made over $1 million in sales in less than a year. I started with an Etsy embroidery shop before founding Soulmate Customs. Keida Dervishi with the Soulmate Customs team.
Persons: Keida Dervishi, , Gjeniu I Vogel, we've, I'd, Olivia Rodrigo's, I've, Keida, Dervishi, TikTok, Kris Jenner, Kenny, Olivia Rodrigo, We're, It's, Instagram Organizations: Service, Customs, Business, YouTube, Soulmate Customs, School Locations: Albania, Europe, Gjeniu, Albanian
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at why side hustles are all the rage these days . Call it “overemployed light,” but working side jobs for some extra income is en vogue, especially for young people. For as much energy as they put into eliciting change, they also view their job as… just a job.
Persons: , I've, Andrew Hollenhorst, we’re, hasn’t, Gen Zer, Jackie Mitchell, Mitchell, Business Insider’s Madison Hoff, Michell isn’t, Zers, don’t, Z, Eve Upton, Clark, Keida Dervishi, Jeremy Grantham, ” Grantham, Riley Wealth's Paul Dietrich, Bryan Erickson, Craig Hastings, Isabel Fernandez Pujol, Oppenheimer, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Citi, Boston Globe, Labor, Getty, Netflix, Walmart Locations: California, TikTok, New York, London
The Dow Jones Industrial Average, S & P 500 and the Nasdaq Composite each snapped a five-week advance. On average, market strategists on Wall Street anticipate the S & P 500 will end the year at 4,936, according to a CNBC survey . The equal-weighted S & P 500 index is up just 1.7% in 2024, trailing far behind the market-cap weighted benchmark. Initial Claims (02/17) 9:45 a.m. PMI Composite preliminary (February) 9:45 a.m. S & P PMI Manufacturing preliminary (February) 9:45 a.m. S & P PMI Services preliminary (February) 10 a.m. Existing Homes Sales (January) Earnings: Booking Holdings , Live Nation Entertainment , Intuit , Edison International , Dominion Energy , Moderna , PG & E , Keurig Dr. Pepper Friday, February 23, 2024 Earnings: Warner Bros.
Persons: chipmaker, Ayako Yoshioka, Yoshioka, Jerome Powell, Josh Emanuel, everybody's, Emanuel, Russell, They're, Chris Chen, Chen, Dr, Pepper, Nick Wells, Kif Leswing Organizations: Nvidia, CNBC, Dow Jones, Nasdaq, Federal Reserve, Investor, Treasury, Wilshire Associates, American Association of, Insight Financial, Walmart, Home, Alto Networks, Diamondback Energy, Caesars Entertainment, Marathon, Devices, Chicago, PMI, Holdings, Nation Entertainment, Intuit, Edison International, Dominion Energy, Moderna, Warner Bros Locations: U.S, Santa Monica, Calif
Many AI companies struggle with customers understanding how the product won't take away their ability to think for themselves. A few took the opportunity of the Super Bowl to change the narrative. There many winners and losers among the messages attempted by brands in the big Super Bowl advertising bets. In Microsoft's Super Bowl ad, a group of people overcome challenges ranging from opening their own business to getting a college degree. There's no bigger stage to get your humanizing message across than the Super Bowl, Microsoft's Kumar said.
Persons: GPT, Deacon Webster, Webster, It's, it's, Divya Kumar, Etsy, Crowdstrike, cyberattacks, Gaurav Misra, Misra, Microsoft's Kumar, David Jones, Jones Organizations: Research, Sunday, Microsoft, Google, New York Times, Super, Brandtech, America Locations: France
She would have killed it on Etsy,” says Vanessa Bumpus, exhibit coordinator at the Worcester Historical Museum in Massachusetts. Ornate lace designs were a trademark of Esther Howland's valentines. Courtesy Collection of Worcester Historical MuseumBrightly colored paper placed beneath the lace accentuates the design. Courtesy Collection of Worcester Historical Museum“She’s fresh out of school, launching her own business. The room where the City Council meets is even named after Howland, Bumpus says.
Persons: Esther Howland isn’t, who’ve, Martha Stewart, , Vanessa Bumpus, Howland, valentine, ” Howland didn’t, she’s, Nancy Rosin, ” Rosin, Esther Howland's valentines, Rosin, it’s, , ” Bumpus, , Henry Ford, They’ve, Bumpus, who’s, didn’t, Edward Taft, George C, Whitney Company —, “ Esther, valentines Organizations: CNN, Worcester Historical Museum, National Valentine Collectors Association, Congress, Worcester Historical, Huntington Library, Mount, England Valentine Company, Whitney Company, Worcester —, City Council, New England Patriots Locations: Massachusetts, Worcester, United States, America, Los Angeles, Mount Holyoke, England, Rosin
Jack Dorsey was at the Super Bowl. He wore a t-shirt that says "Satoshi," emblazoned in the style of a Nirvana t-shirt. And we saw Jack Dorsey in a t-shirt that's making waves on X, formerly known as Twitter. That's because Dorsey can be seen sporting a black t-shirt that says "Satoshi" in yellow lettering. AdvertisementJUST IN: Jack Dorsey spotted wearing a Satoshi #Bitcoin shirt at the #SuperBowl 🏈 pic.twitter.com/oDUySC5p7X — Bitcoin Magazine (@BitcoinMagazine) February 12, 2024Two things to note here:Satoshi Nakamoto is said to be the inventor of bitcoin.
Persons: Jack Dorsey, Satoshi, , It's, Tim Cook, Taylor Swift, Dorsey —, Beyonce, Jay, Dorsey, miley, ike Organizations: Super, Service, Twitter
Global online shopping platform Temu is already climbing the ranks in the U.S. Apple Store. The Temu marketing blitz, which blanketed Facebook and Instagram well before Sunday's Super Bowl, is also familiar to anyone who followed Wish. Qoo10 will now be taking on Temu and Shein, which both originated in China and still have strong ties to the world's second-biggest economy. During and shortly after the Super Bowl, Temu ran a handful of "shop like a billionaire" ads and touted $15 million in giveaways. WATCH: Temu sees fewer new users post Super Bowl
Persons: it's, Singapore's Qoo10, Wish, Peter Szulczewski, Szulczewski, China's ByteDance, Temu, Morgan Stanley Organizations: Apple, Super Bowl, Facebook, Los Angeles Lakers, PDD Holdings, Shein Locations: U.S, San Francisco, China
Recent research showed that boomers and Gen Xers shopped more frequently on Temu than younger people. I was surprised when I read a research study recently that said that Gen X and boomer Temu shoppers tended to spend slightly more per order and placed orders more often than younger shoppers. AdvertisementSo I asked readers who were boomers or Gen Xers to write in and tell me: Why do they love Temu so much? The Gen X and boomers denied this — most of them said they ignored the annoying roulette wheels. —LanieA variety of items bought by a Gen Xer on Temu Kristy MeeksA crafter who gets jewelry-making supplies:I shop on Temu mostly for jewelry, crafting and jewelry supplies.
Persons: Gen Xers, , fanny, Elsa, X, Temu, Xers, Tyrone A, I'm, They're, it's, — Linda, Kristy Meeks, Lydia, I've, Randy, Bill Craft supples, Bill Eldridge The Organizations: Service, Amazon Locations: Temu, Toronto, China
She gave Etsy another look because it had become a place where she could sell digital printables, meaning there was no need for inventory. Lam found an online Etsy course from a platform called Gold City Ventures and decided to sign up for it. Since 2022, she has sold over $34,000 Canadian dollars ($25,000) in digital printables, according to screenshots of her account viewed by Business Insider. In January 2022, Lam only made a net profit of CA$3.45. However, she began to design Valentine's Day printables that included religious scripture on them, and those sold, she said.
Persons: Claudine Lam, Etsy, Lam, It's, it's, you'll, Patrick's Organizations: Service, Gold City Ventures, Business Locations: Australia, British Columbia, Canada
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSimpler Trading's Danielle Shay on oil stocks, Etsy, Wendy's and DisneyDanielle Shay, vice president of options at Simpler Trading, joins 'The Exchange' to discuss how to trade BP, ExxonMobil, Etsy, Wendy's and Disney.
Persons: Danielle Shay Organizations: ExxonMobil, Etsy, Disney
TOKYO (AP) — Asian shares mostly rose Friday, helped by optimism about technology shares following a Wall Street rally led by big tech stocks. On Wall Street, U.S. stocks bounced back in a widespread rally following their worst day since September. Such data could give the Federal Reserve more of the evidence it wants of a slowdown in inflation before it will deliver the cuts to interest rates that investors crave. Traders are increasingly betting the Federal Reserve will begin cutting interest rates in May, after pushing back expectations from March. High interest rates intentionally slow the economy, and they undercut prices for investments.
Persons: Australia's, Korea's Kospi, Merck, Etsy Organizations: TOKYO, Nikkei, Dow Jones, Nasdaq, Microsoft, Big Tech, Apple, Meta, Facebook, Federal, crave, Elliott Investment Management, , New York Community Bancorp, Valley Bank, Signature Bank, New York Community Bancorp, Institute for Supply Management, Traders, Federal Reserve, Fed, New York Mercantile Exchange, Brent, U.S . Locations: Shanghai, U.S, ,
Merck — Jim Cramer described Merck's results as a "monster quarter," pointing out cancer drug Keytruda, which saw sales up double digits on a percentage basis. The CNBC Investing Club portfolio owns a few health- and drug-related stocks, including the outperforming Eli Lilly . It had been a "miss, miss, miss," but now that Covid is over people are doing things they put off. Steinberg "helped turnaround Pinterest," Jim said, adding that he sees Etsy at around $73 per share as a buy. Jim said, "It's a show me story and they have not shown me yet."
Persons: Merck, Jim Cramer, Eli Lilly, Jim, he's, Marc Steinberg, Elliot, Steinberg Organizations: CNBC, Club, Royal Caribbean, Elliot Management
Activist investor Elliott Management has a "sizable" investment in e-commerce firm Etsy , which announced on Thursday that Elliott partner Marc Steinberg would join the company's board. The activist investor has built a roughly 13% position in the stock, a person familiar with the matter told CNBC. The position would make it Etsy's largest investor. Still, the e-commerce company's stock is down about 10% year-to-date. It competes with e-commerce companies including Amazon, which has its own handcrafted products platform.
Persons: Elliott, Marc Steinberg, CNBC's David Faber, Josh, Steinberg, Etsy, Josh Silverman, Silverman Organizations: Nasdaq, Elliott Management, CNBC, Vanguard, BlackRock, Match Group, Philips, Amazon Locations: New York City, Salesforce, Brazil
“There’s been 11 hardback books on me,” the serial killer John Wayne Gacy told a reporter on the eve of his execution in 1994. “Thirty-one paperbacks, two screenplays, one movie, one Off Broadway play, five songs and over 5,000 articles. We may consider the obsession with true crime a contemporary preoccupation — with Etsy shops selling enamel pins of Ted Bundy’s face and his Volkswagen, and crime conventions filling casino-size hotels with teenage girls in “Murderino” T-shirts. But these grisly stories, and our insatiable thirst for them, have been monetized for hundreds of years. Long before the self-styled Zodiac Killer mailed his letters to California newspapers, threatening killing sprees and bombings if his messages were not printed, there was an English prison chaplain named Henry Goodcole who bolstered his modest salary by selling stories about death and sin.
Persons: “ There’s, John Wayne Gacy, , Ted Bundy’s, Long, sprees, Henry Goodcole, Goodcole Organizations: Volkswagen Locations: , California, Newgate
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorning meeting rapid fire: Merck, Align, Royal Caribbean, Etsy, PelotonJim Cramer runs through five stocks in the news Thursday.
Persons: Jim Cramer Organizations: Merck Locations: Royal Caribbean
Temu is owned by PDD Holdings , a Chinese company that moved its principal office to Ireland last year. Meta is expected to report revenue growth of 22% for the quarter to $39.2 billion, according to analysts surveyed by LSEG, formerly Refinitiv. JMP analysts estimated that Temu and Shein spent roughly $600 million and $200 million, respectively, on Facebook and Instagram ads in the third quarter. In December, Temu sued Shein, alleging questionable business practices and a "mafia-style intimidation of suppliers," according to legal documents. Meta isn't the only U.S. internet company effected by the speedy growth from Temu and Shein.
Persons: Mark Zuckerberg, Jack Ma, Shu Zhang, Victor Lee, Lee, who's, Shein, Meta, Pavlo Gonchar, Temu, didn't, Susan Li, data.AI, It's, Chris Mack, Harding Loevner, they've, Mack, Shein confidentially, Mike Gallagher, Gallagher, Brian Wieser, Josh Silverman, Silverman Organizations: Alibaba, China Development Forum, Reuters, Facebook, Hasbro, Unified Commerce, Amazon, PDD Holdings, U.S, Mobile, Meta, LSEG, Getty, CNBC, Cyberspace Administration, China, Street Journal, Google Locations: Beijing, China, Ireland, Singapore, UKRAINE, U.S, United States, Wall, Asia, Pacific, Temu, Meta
Lunden and Olivia told me their mission as influencers was to "represent and inspire others to be their authentic self." Advertisement"I did feel represented by them," Asia said, but the tweets "showed me that they are still white women." "We are especially confident in our sexuality and the way that we feel and who we are," Olivia told me. Lunden and Olivia told me they want to advocate for all LGBTQ+ people, including those who don't look like them. It's a chance, the couple told me, to combat the hate and negativity LGBTQ+ parents face.
Persons: Lunden Stallings, Olivia Bennett, Monique Lhuillier, Lunden, Taylor Swift, Stallings, David Yurman, preppy, Olivia, TikTok, Kendrick Brinson, who's, you've, Madison Mathews, sunnies, peck, they'd, Brooklynites, Remington, Zeta Tau, Olivia DMed Lunden —, Justin Bieber, snapbacks, haven't, Lunden's, Ellie Goulding's, Olivia couldn't, Caroline Bayne, Lunden's TikTok, Zara, Mercedes, Sophie, It's, Jackie J, Jackie, There's, Bud Light, Dylan Mulvaney, influencers, They've, KenzKustomz, Krysten Stein, Black influencers, Stein, Hill, millennials Organizations: Naylor, People, Business, Alabama, Chevrolet, New York Post, Daily Mail, Madison, University of Central, Jacksonville State University, Zeta Tau Alpha, University of Alabama's, University, Minnesota, BI, Braves, Rover, Pride, Nielsen, Saks, University of Illinois Locations: Roswell , Georgia, Asia, Olivia, Charleston, LoveShackFancy, Powder Springs , Georgia, Atlanta, Blytheville , Arkansas, University of Central Arkansas, Alabama, Roswell, Austin, RushTok, Alpharetta, Charleston , South Carolina, Southern, Publix, Fayetteville , Arkansas, University of Illinois Chicago
Watch CNBC's full interview with Etsy CEO Josh Silverman
  + stars: | 2024-01-24 | 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 EmailWatch CNBC's full interview with Etsy CEO Josh SilvermanEtsy CEO Josh Silverman joins 'Money Movers' to discuss the company's new AI integration, how this new product will manifest itself in Etsy's marketing, and how it's different than what competitors offer.
Persons: Josh Silverman
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEtsy CEO on 'Gift Mode': Leverages AI to help find the perfect giftEtsy CEO Josh Silverman joins 'Money Movers' to discuss the company's new AI integration, how this new product will manifest itself in Etsy's marketing, and how it's different than what competitors offer.
Persons: Josh Silverman
I didn't do enough research for my Etsy store at firstI started my store in July 2021 and connected it to Printify, a print-on-demand site. Working on my Etsy store meant I could homeschool them in 2021 for a year. Since I started my Etsy store in July 2021, I've made $510,500 in sales. AdvertisementI started my own Shopify storeIt's always a good idea to diversify if Etsy changes its algorithm, affecting your store. After that, I decided to focus more on the Shopify store I'd set up the previous summer.
Persons: , Gina Van De Voorde, Yee, I've Organizations: Service, Business Locations: Fort Collins , Colorado, dropshipping
With fourth quarter earnings season in full swing, Wolfe Research released a list of potential stocks that are best left alone. The companies fall into the bottom 20% of their sector earnings quality and are likely to underperform in 2024, according to Wolfe. The company's average earnings quality score for the trailing four quarters came in at 5. Its average earnings quality score for the trailing four quarters amounted to 25. The payments platform earned an earnings quality score of 10 and an average score in the trailing four quarters of 30.
Persons: Wolfe, Chris Senyek, Tesla, Elon Musk, Chewy, Goldman Sachs, Trevor Young, Morgan Stanley, BTIG, Oppenheimer, Dominick Gabriele, — CNBC's Michael Bloom Organizations: Wolfe Research, Tesla, Argos Holdings, Barclays, PayPal, Paypal, Mizuho Locations: F2H24
Launching one of your own can be that easy if you know where to start. Most side hustles need to check at least one of those three boxes to succeed, she notes. If you were good at school, you could earn extra money by tutoring. "There are other ways to [earn] that aren't just trading your time directly for money," says Berman. But without their access to customers or built-in legitimacy, you'll have to build your own brand without a road map to earn any money at all.
Persons: Kathy Kristof, Cody Berman, it'll, Kristof, you've, Berman, Etsy, who'd Organizations: Gold City Ventures, Rover
Wayfair is cutting 13% of its global workforce as the digital home goods retailer looks to trim down its structure, cut out layers of management and reduce costs, it announced Friday. The company plans to lay off around 1,650 employees, including 19% of its corporate team, with a focus on people in management and leadership positions, the company said. The restructuring – the third Wayfair has implemented since summer 2022 – is expected to save the company about $280 million, it said. The layoffs come after Hasbro , Etsy and Macy's all announced cuts to their workforces as retailers contend with slowing demand and an uncertain economy. As a result, Wayfair has needed to make cuts to ensure its staffing levels are proportionate to how much business it's doing.
Persons: , Niraj Shah, Macy's, Wayfair Organizations: New York Stock Exchange, Hasbro, Etsy
Jacob Elordi smelled a "Saltburn"-themed scented candle on "The Tonight Show Starring Jimmy Fallon." Elordi appeared on Thursday's episode of "The Tonight Show Starring Jimmy Fallon," and host Jimmy Fallon gifted him a candle. AdvertisementOliver (Barry Keoghan) puts his face in Felix's (Jacob Elordi) bathwater in "Saltburn." Amazon MGM StudiosAlthough the bathtub scene is not the only explicit scene in "Saltburn," it is the most talked about scene on social media. While viewers found the bathtub scene disturbing, Elordi defended the scene in an interview with USA Today.
Persons: Jacob Elordi, Jimmy Fallon, , Jacob Elordi's bathwater, Felix, masturbates, Oliver, Barry Keoghan, Elordi, Fallon, Priscilla, Cailee Spaeny, Suzie Davies, Keoghan, Davies, Emerald Fennell, Fennell Organizations: Service, MGM Studios, Business, USA Locations: Felix's
Oliver spies on Felix as he pleasures himself in a clawfoot tub. After Felix finishes and leaves the room, Oliver crawls into the tub and drinks the last bit of water from the bath as it swirls down the rusty drain. The scene's shocking nature has led to countless TikToks and jokes, including a cocktail recipe inspired by the moment. "The bathroom was described along with the whole walkthrough scene when Felix walks through showing Oliver the house," Davies told Business Insider. "It was a spare bedroom with tapestry on the walls and a cream color," Davies explained of their chosen room.
Persons: , Barry Keoghan's Oliver slurps, Felix, Jacob Elordi, Oliver, Jill, Jacob Elordi's Bathwater, Jacob Elordi's bathwater, I've, Suzie Davies, Davies, Fennell's, Oliver's, Fennell, Emerald Fennell, Jacob, Barry slurping, Barry Keoghan, Linus Madekwe's, Barry Organizations: Service, Business, Oxford University, Drayton House, MGM, Amazon MGM Locations: Drayton, Northamptonshire
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