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Among high-income earners, Gen Z is most confident in their ability to get richer. Gen Z women are particularly confident in their ability to create wealth. The rest of Gen Z may not share this confidence. AdvertisementIt seems the rich are confident that they will be able to build wealth, and the affluent side of Gen Z is no exception. A gender breakdown reveals that 81% of high-net-worth Gen Z women, versus 69% of high-net-worth Gen Z men, expect to see their money grow — a deviation from the overall trend, which saw men more likely to indicate that their money would increase.
Persons: Gen, Knight Frank, Knight Frank's, millennials, Rich millennials Organizations: Liberty Street, Federal Reserve Bank of New, Business Locations: Federal Reserve Bank of New York
Meanwhile, its financial markets are bleeding, the property market has gone up in smoke, local government debt appears alarming, and foreign investors are exiting in droves. Real estate — which was a huge part of China's economy — has been hit badly, he said. AdvertisementTravel has picked up after years of pandemic lockdownServices is another pillar of China's economy that Beijing has been trying to build up. AdvertisementThis is in part because new growth industries are not able to take the place of real estate — yet. Because the property market accounts for one-quarter of China's GDP and more than two-thirds of household wealth, its overall drag on China's economy is much greater than whatever is doing well right now.
Persons: , Rory Green, GlobalData.TS Lombard, AllianceBernstein, John Lin, Lin, Donald Trump's, Louise Loo, Wood Mackenzie, AllianceBerstein's Lin, Nomura, Loo Organizations: Service, Business, Bloomberg TV, Oxford Economics, Nomura, Oxford Locations: China, GlobalData.TS, Real, COVID, Beijing, Europe, Taiwan, South Korea
Then a year after that, my 29-year-old partner was diagnosed with stage 4 cancer and immediately admitted to the hospital. But the incompatibilities I was noticing had made me start to question if the relationship would last long-term. At the same time, throughout 2021, my partner also started having a lot of strange medical symptoms, especially for a healthy man in his late 20s, all while insisting he was fine. During his treatment, I became his caregiverThe pandemic was still in full swing, and all of our family and friends still lived across the country. Within a matter of days, I went from telling my boyfriend to go to the doctor to becoming a full-time cancer caregiver.
Persons: I'd, he'd, I've, We're, we'd Locations: Oregon
Alka Bhatt says her solo trip gave her a love of traveling alone. Courtesy Alka BhattI'm now engaged, but solo trips are still integral to my lifeIt's been nearly three years since my solo trip, and when I got home, I felt ready to date authentically. Rather than mold myself to be more desirable, I listened to my wants and needs and looked for compatibility. Within a few months, I met someone special, and a year into our relationship, I felt he was the one. On a weekend trip to DC last month, I took myself out to a fancy Sichuan restaurant after thrifting at a trendy shop.
Persons: , I'd, Alka Bhatt, Alka Bhatt I'm, It's Organizations: Service, Business, Toyota, Teton, DC Locations: Philadelphia, Texas, Houston, Pennsylvania, Lake Huron, Upstate New York, Sichuan
From left: the authors Diana Gabaldon, R. L. Stine, Celeste Ng, John Grisham and Margaret Atwood, all of whom contributed to "Fourteen Days." Though some readers will draw connections between the latter work and “Fourteen Days,” Preston notes there are many differences. Perhaps most notably, “Fourteen Days” follows those left behind amid a pandemic — people without “the financial wherewithal to escape,” he told CNN. In "Fourteen Days," residents of New York apartment building begin gathering on the rooftop during Covid-19 lockdowns. Read: “The Interestings” (2014)The tenth novel from author Meg Wolitzer — who also contributed to “Fourteen Days” — follows a group of close-knit friends that meet at an arts summer camp in the 1970s from adolescence through to middle age.
Persons: , Margaret Atwood, , John Grisham, Celeste Ng, Diana Gabaldon, Stine, Atwood, Douglas Preston, Yessie, Preston, Emma Donoghue, , , ” Giovanni Boccaccio’s, ” Preston, Donoghue, Tess Gerritsen, Gerritsen, Harper Collins, Ah Poh, ” Donoghue, Pier Pasolini, Steven Soderbergh’s, Gwyneth Paltrow, Matt Damon, Jude Law, Marion Cotillard, Kate Winslet, Martin Short, Steve Martin, Selena Gomez, Craig Blankenhorn, Meg Wolitzer — Organizations: CNN, British, Guardian, Agence France, Presse, Hulu Watch Locations: New York, , Chaucer’s “, Covid, York City
Olivia Rodrigo shot to pop stardom pretty much overnight: Her first single, “Drivers License,” rocketed to No. 1 in January 2021 while most of the world was still in coronavirus lockdown, making her the youngest artist to debut atop Billboard’s Hot 100 chart. In April of the following year, she finally brought her songs to life onstage with her punky Sour Tour, which played theaters, though she could have easily sold out arenas. Now she has done just that: Her tour supporting her second album, the cathartic, rock-oriented LP “Guts,” kicked off last Friday night at Acrisure Arena in Palm Desert, Calif., with a performance “advertising the power of girlhood,” The Times pop music critic Jon Caramanica wrote in his review. The venue, and its parking lot, was filled with young women ready to receive the message.
Persons: Olivia Rodrigo, rocketed, , Jon Caramanica Organizations: Acrisure Locations: Palm Desert, Calif
I felt amazing, just unbelievable,” adds Ashwath, who started playing chess when he was just four years old and quickly fell in love with the “really fun” game. Ashwath was then given a chess board and it wasn’t long before he started beating his parents and grandparents. “A world champion,” he says, without hesitation, when asked what he wants to become when he’s older, before adding: “That will be a bit of time. Carleton Lim/Singapore Chess FederationGiven his rapid development as a chess player, Ashwath is unlike most eight-year-olds, but, in many ways, he’s also like any other child his age. Proud parentsWith the help of his parents, Ashwath also streams some of his games and puzzles online and set up a YouTube channel where he has previously showcased his skills.
Persons: Ashwath Kaushik, Poland’s Jacek Stopa, Leonid Ivanovic –, Ashwath, Stopa, “ I’ve, ChessKid.com, Rohini Ramachandran, ” Ashwath, I’ve, – Ashwath, , he’s, he's, Carleton Lim, ” Ramachandran, We’ve Organizations: CNN, CNN Sport, Singapore, Federation Locations: Switzerland, Serbian, Ashwath
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Disco is backOthers have also started to compare today's market and the 1970s' "Nifty Fifty." AdvertisementJPMorgan's Chief Global Strategist Marko Kolanovic also said in a note on Wednesday that fiscal spending and inflation could resemble the 1970s landscape. Similar to the 1970s, there are currently 3 active geopolitical conflict zones – eastern Europe, Middle East, and South China Sea," Kolanovic said. Kolanovic included in his note the chart below, which shows the correlation between inflation and the performance of the S&P 500.
Persons: , Albert Edwards, Bank of America's Michael Hartnett, Jeffrey Gundlach, Cole Smead, Smead, Sears Roebuck, Alphabet's, Nvidia's, Microsoft's, Jeremy Siegel, David Rosenberg, Merrill Lynch, " Rosenberg, Marko Kolanovic, Kolanovic Organizations: Service, Societe Generale, Bank of America's, Treasury, Nasdaq, DoubleLine, Investments, Business, Morningstar, Microsoft, Nvidia, Xerox Locations: Europe, Middle East, South China
Read on for some of the things that surprised me when I first got to Ireland. I thought a lot of the phrases in Ireland would be similar to what I heard in the UK. But I knew I finally adapted to the language when I found the words "thanks a million" (or "thanks a mil") and "bye bye bye … bye bye bye bye" after any phone call slipping off my tongue. Although it's been an adjustment, unpredictability is what makes Ireland feel like things are still run by people, not by algorithms and advancement. But my alcohol consumption has definitely increased since living in Ireland because socializing here often happens exclusively at the pub.
Persons: , it's, Alexis McSparren, I've, I, I'm, there's, Alexis McSparren Small, There's, Alexis McSparren Leprechauns, Harry Potter, Tinker Bell, King Puck, Queen Puck, King Puck's, he's Organizations: Service, Business, Guardians, RyanAir, Hollywood Locations: England, Ireland, Republic of Ireland, Indiana, Moher, County Clare, County Meath, County Kerry, Dublin, Europe, Killorglin
New York CNN —Walmart, the global mega-retailer that began in Arkansas in 1962, is making huge moves in 2024. It’s making investments in technology and inventory that move it into new businesses and which will alter the Walmart experience of many customers. Stock splitThe mega-retailer announced a 3-for-1 stock split that takes effect this week. A stock split means a single share gets split into multiple shares. Under the plan Walmart announced, people who own shares by close of business on February 22 will get two additional new shares of Walmart for every share they own.
Persons: Doug McMillon, Jeffries, , , McMillon, Burt Flickinger, Blake Droesch, CNN’s Parija Kavilanz, Nathaniel Meyersohn, Elisabeth Buchwald, Alicia Wallace Organizations: New, New York CNN, Walmart, , Labor, Consumer, Microsoft, Strategic Resource, CNN, Costco, Telsey Group, Target, Intelligence, FactSet Locations: New York, Arkansas, Las Vegas
It will mean fundamentally reevaluating our conception of free will and human agency — and reckoning with our tortured relationship with shame. Many health plans have refused to cover GLP-1s for weight loss , citing limited approval from the Food and Drug Administration. I don't know when I first became overweight, but I remember the moment I was taught to be ashamed of it. They can stop the vicious feedback loop where our food choices and weight drive the shame that drives our food choices and weight. But no matter how heavy that burden was, one thing made it easier to bear: I wasn't weighed down by my shame.
Persons: I'd, They're, , dieters, I've, Wayne LaPierre, David Vades Joseph, Mounjaro, , you'd, would've, Kit Kat, they've, untangling, Stephen Spielberg's Organizations: National Rifle Association, NRA, Food and Drug Administration, New York City Marathon, Harvard Law School, GLP, BI Locations: York, Greenwich Village, darting, GLP
CNN —They were two exceptionally promising athletes, seemingly bound for track and field stardom, when their careers were derailed by a condition that doctors and researchers say they are only now beginning to understand. ‘Instituional buy-in’REDs’ symptoms can affect anyone, particularly athletes training in a culture that celebrates overtraining and undereating – or that has an unhealthy relationship with weight. Eventually, her blog morphed into Project RED-S – a site filled with resources for athletes, coaches and supporters. Access to “dietician input … and appropriate psychological support if it’s needed,” can also help prevent and treat REDs, Dr. Jawad says. Woolven’s Project RED-S aims to provide that support she lacked and initiatives like this allow Cain to envision a future that “looks really bright.”“I’m hopeful,” Cain says.
Persons: CNN —, Mary Cain, Pippa Woolven, Martin Rickett, ” Dr, Farrah Jawad, wouldn’t, Dr, Kathryn Ackerman, Cain, Woolven, you’re, , , Eric Draper, marathoner Alberto Salazar, “ It’s, you’re undereating, Salazar, Women’s, ” Salazar, Jessica Rinaldi, ” Cain’s, Dave Thompson, ” accidently, ‘ Instituional, Ackerman, , Nobody, Jawad, Matt Dunham, “ it’s, ” Cain Organizations: CNN, Championships, Florida State University, REDs, British Universities, Colleges Sports, Pure Sports, CNN Sport, IOC, Harvard Medical School, Sports Medicine Division, Boston Children’s Hospital, Nike Oregon Project, Reuters, The New York Times, Nike, Oregonian, Oregon Project, Sports, Doping Agency, New York Times, Florida State, ’ REDs, Health, New, National Trust, Atalanta NYC Locations: London, British, Tallahassee, , America,
The quarterly decline followed a 0.1% fall in the previous three-month period and highlights how the economy has been hobbled by high interest rates that have been raised to reduce inflation. A recession is officially defined as two straight quarters of economic decline. Being in recession is hardly the ideal backdrop for Prime Minister Rishi Sunak as he mulls when to call the election. Higher interest rates help cool the economy by making it more expensive to borrow, thereby bearing down on spending. Though interest rates appear to have peaked, the central bank has expressed caution about cutting interest rates too soon as lower borrowing rates may bolster spending and put renewed upward pressure on prices.
Persons: Rishi Sunak, Jeremy Hunt, , Hunt, Rachel Reeves, James Smith Organizations: Conservative Party, National Statistics, Labour Party . Treasury, Treasury, Labour, Conservatives, Bank of England Locations: Britain
Chinese stocks had an eventful week last week — with the benchmark Shanghai Composite Index hitting a five-year low of about 2,650 points on Feb. 5, before edging up to end the week at 2,865.90. A slide in Hong Kong-listed Chinese shares on Feb. 9, however, proved that investors may still have lingering concerns on the prospects of Chinese stocks in the new year. As the festive season gets underway, Redmond Wong, market strategist at investment firm Saxo, sees several opportunities to play the market. Boom in green transformation Beyond the traditional sectors, Saxo's Wong is watching an up-and-coming area in China: energy security and a green transformation. Data from the International Energy Agency shows that the Asian giant's clean-energy sectors contributed 11.4 trillion Chinese yuan ($1.6 trillion) to the Chinese economy in 2023, up 30% year-on-year.
Persons: Redmond Wong, Saxo, I'm, Wong, Saxo's Wong, Morningstar, Zijin Organizations: CNBC Pro, Monetary Fund, Technology, Shenzhen, Baidu, Sands, Tsingtao, Morningstar, Tsingtao Brewery, International Energy Agency, Companies, Zijin Mining Locations: Shanghai, Hong Kong, China, Zhejiang, Sands China, Macao, Shandong
None of the children aboard the bus were hurt, city spokesperson Emily Roy said. The incident began with reports of gunshots being exchanged between people in two vehicles, said city spokesperson Andrew Dickinson. The vehicles then moved toward the busy intersection where the crash with the school bus occurred, Dickinson said. A red Dodge Charger took off while the suspects from a second vehicle, an SUV, got out and ran. Marshals Service in Portland, Maine, confirmed it was on scene helping the Saco Police Department — part of a large police presence in downtown Saco.
Persons: Emily Roy, Andrew Dickinson, Dickinson, , ___ Perry Organizations: Schools, Local, ” Police, Dodge, U.S . Marshals Service, Saco Police, Thornton Academy, Locations: SACO , Maine, Saco , Maine, Portland , Maine, Saco, downtown, Maine, Meredith , New Hampshire
Sexual function — which includes factors like desire, arousal and pleasure — in men and women decreased significantly after the start of the Covid-19 pandemic, according to a January 2022 meta-analysis of 21 studies published in the journal BMC Public Health. And women — even more so than men — struggled when it came to desire. Many people, particularly women, tend to experience what is called responsive arousal as opposed to spontaneous arousal, she said. And the data showed that men were more likely than women to seek professional help for the sexual problems they experienced, he said. “Unfortunately, I think we’ve sort of normalized sexual difficulties for women,” he added.
Persons: don’t, , “ I’ve, , Vanessa Marin, , Marin, Justin Lehmiller, Lehmiller, ” Marin, Deborah Fox, Fox, ” Lehmiller Organizations: CNN, BMC Public Health, Kinsey Institute, Indiana University, Fox Locations: Santa Barbara , California, Washington ,
Read previewWho knows what kind of fate would have awaited Uber had Travis Kalanick decided not to relinquish his power in 2017. But instead of crashing, Uber has seemingly defied the odds thanks to Kalanick's successor, Dara Khosrowshahi. Net profit for the year hit $1.9 billion versus an enormous $9.1 billion loss in 2022, which had been inflated by revaluations of Uber's equity investments. Former Uber boss Travis Kalanick. But having been at the helm of online travel business company Expedia for 12 years before moving to Uber, Dara's success appears to come from his pedigree as an operator.
Persons: , Uber, Travis Kalanick, Dara Khosrowshahi, Khosrowshashi, Eric Piermont, Khosrowshahi, SoftBank, Didi Chuxing Organizations: Service, Business, AFP Dara's Locations: Silicon, San Francisco, China
How to Hunt the Sasquatch
  + stars: | 2024-02-06 | by ( Virginia Heffernan | ) www.nytimes.com   time to read: +1 min
THE SECRET HISTORY OF BIGFOOT: Field Notes on a North American Monster, by John O’ConnorWhy do Americans need Bigfoot? This question propels John O’Connor’s “Secret History of Bigfoot,” a farrago of participatory journalism, anthropological speculation, pop-culture parentheticals and broadsides against Donald Trump that often seems stuck together by sap and tar. Officially O’Connor was seeking Bigfoot — or at least the enduring wellspring of faith in Bigfoot, which struck him as just as elusive. Like a forty-niner cutting ties with the uptight Victorians, O’Connor sought instead “wild places” where men are men, go unmasked and hope for moral redemption by Sasquatch. A stay-at-home dad in Cambridge, Mass., he became, during lockdown, a literal stay-at-home dad.
Persons: John O’Connor, John O’Connor’s, Donald Trump, O’Connor, Covid, “ wokesters, irked, he’s, Locations: American, Antarctica, O’Connor, Cambridge, Washington, Boston
L'Oreal wants staff globally to work in the office on Fridays at least twice a month. The beauty company currently requires employees to work in the office three days a week. AdvertisementCosmetics giant L'Oreal has told employees to come to the office at least two Fridays a month to tackle diminishing attendance at the end of the week, The Times reported Sunday . L'Oreal employees are currently expected to be in the office three days a week. The company's CEO Nicolas Hieronimus recently reaffirmed the company's firm stance on in-person working while speaking at the World Economic Forum in Davos last month.
Persons: , Rinderknech, Nicolas Hieronimus Organizations: L'Oreal, Service, Times, Business, Economic, LinkedIn Locations: Davos
"We had about $45," Joe Coleman said. As a couple, they've taken on debt for a townhome, two houses, two boats, a tractor, three cars, and Mina Coleman's nursing degree. "We used the showers that they use in case of emergencies if somebody spilled chemicals in their eyes," Mina Coleman said. "You meet people that have more money than they know what to do with," Joe Coleman said. Advertisement"If we go down, we go down together," Mina Coleman said.
Persons: , Joe, Mina Coleman, Joe Coleman, Mina Coleman's, they've, Jared Soares, they're, optimistically Jared Soares, She's, they'll Organizations: Service, Business, Bulgaria —, BI Locations: Montauk , New York, Bulgaria, Fairfax County , Virginia, Washington, Coast, Caribbean, Pacific, Bulgarian
DUBLIN (Reuters) - Ireland's finance minister said on Monday the country's tax office would not force firms to pay interest on taxes deferred during the COVID-19 pandemic and allow extra time to repay the debt once they keep on top of current liabilities. The government introduced the tax warehousing scheme in May 2020 and firms that had deferred liabilities that arose during one of Europe's toughest lockdown regimes had already been given extra time until May 2024 to enter into repayment arrangements. The tax office said that 5,265 taxpayers were responsible for the bulk of the warehoused debt – 1.5 billion euros – and that almost 70% of the firms with deferred debts owe less than 5,000 euros each. Business insolvencies in Ireland rose 32% year on year in 2023, but were still below pre-pandemic levels. Accounting firm PwC, which compiled the figures, expects a similar rise in 2024 and a return to the 20-year average of annual closures.
Persons: Michael McGrath, McGrath, Padraic Halpin, David Evans Organizations: DUBLIN, Reuters, Ireland's, insolvencies Locations: Ireland
PinnedThe labor market is looking more like 2019 every month, and that’s not a bad place to be. The share of people quitting their jobs, which surged during the pandemic, is back to 2019 levels. A broad measure of wages, salaries and benefits known as the Employment Cost Index has been falling since early 2022. Employment growth has been narrowing, with sectors like education, health care and government, which vary less with economic cycles, powering most of the gains. Most of those displaced workers have shifted to positions where their skills are still needed, keeping joblessness in check — so far.
Persons: that’s, , , Satyam Panday Organizations: Labor Department, Bureau of Labor Statistics
Wisconsin’s top prison official wrote to the governor in 2015 with a dire warning: The state prisons were dangerously understaffed, imperiling both guards and inmates. Five years later, two men escaped from a maximum-security Wisconsin prison that once held Jeffrey Dahmer, fleeing early one morning when four of the facility’s five watchtowers were unmanned. Today, two of the state’s prisons have been in lockdown for months. Prison officials who initially blamed the restrictions on violent outbursts have since conceded that a shortage of guards has kept the lockdowns in place. By the time the crisis began, the state had known for years that it was losing guards faster than it could replace them, an examination by The New York Times and Wisconsin Watch has found.
Persons: Jeffrey Dahmer Organizations: Wisconsin, New York Times, Wisconsin Watch
AUGUSTA, Maine (AP) — An independent commission investigating events leading up to the deadliest mass shooting in Maine history is ready to hear the heart-wrenching stories from some of the family members of victims on Thursday. Seven family members were expected to publicly address the panel, putting a human face on their sorrow and suffering. The governor isn’t waiting for the commission to wrap up its work to begin making policy changes to prevent such tragedies in the future. The commission is chaired by Daniel Wathen, former chief justice of the Maine Supreme Judicial Court. Other members include former U.S. Attorney Paula Silsby and Debra Baeder, the former chief forensic psychologist for the state.
Persons: Kathleen Walker, Stacy Cyr, Jason Walker, Michael Deslauriers, Elizabeth Seal, Joshua, Megan Vozzella, Steve, Janet Mills, Aaron Frey, Robert Card, Card, isn’t, Daniel Wathen, Paula Silsby, Debra Baeder Organizations: Army, Democratic Gov, Army Reserve, U.S Locations: AUGUSTA, Maine, Lewiston, West Point , New York
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewJailbreaking iPhones — essentially, hacking iOS to remove security features — is a talking point on social media again. Gergely Kalman, a security researcher, posted a photo of a "Security Research Device," or SRD, a jailbroken iPhone 14 Pro sent to him by Apple, on X (formerly known as Twitter). Apple pre-jailbreaks the devices, allowing third-party researchers to probe for vulnerabilities without worrying about being locked out. "Apple strongly cautions against installing any software that modifies iOS," the iPhone User Guide said.
Persons: , Gergely Kalman, Kalman, Apple Organizations: Service, Apple, Business, iOS, TechCrunch Locations: Spain
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