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Roughly one year ago, a handful of crypto heavyweights made swaggering debuts on the Super Bowl ad roster, airing costly commercials with messages like “Don’t miss out” (FTX) and “Fortune favors the brave” (Crypto.com). Then came the swoon in crypto and the bankruptcy of FTX. Recently, trading firm OKX scuttled its plans to buy an ad in Super Bowl LVII when FTX began to dominate the news cycle. Coinbase aims to convey its confidence in crypto “while maintaining our position as the most trusted brand in the space,” Chief Marketing Officer Kate Rouch said. “I think that, especially after the FTX collapse, there has been a real need for that across the entire crypto space,” he said.
Ron DeSantis won't be the Republican to give the party's response to President Joe Biden's forthcoming State of the Union Address. The broadcast echoed the media ire former President Donald Trump frequently has on display. "To assassinate someone's character with anonymous sources would have been a total no-no," DeSantis said of past media practice. Like Trump, DeSantis often bemoans his media coverage and excoriates what he calls the "corporate press." Despite raising his tussles with the press, DeSantis insisted non-politicians would be the focus of new libel laws.
Travel insurance weekly rates at a glance:Average premium: $323.24Average trip cost: $6,795.88Average trip length: 15 daysWhat is travel insurance? See Insider's picks for the best travel insurance »Some credit cards offer a limited amount of travel insurance annually. Insider's Featured Travel Insurance Companies World Nomads Travel InsuranceAllianz Travel InsuranceTravelex travel insurance Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. When calculating your travel insurance premium, travel insurance providers consider the likelihood of a medical emergency. Insider's Featured Travel Insurance Companies World Nomads Travel InsuranceAllianz Travel InsuranceTravelex travel insurance Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
Demand for tech workers at non-tech companies has reportedly outstripped demand at tech firms. The findings come as tech companies continue to cut budgets and lay off workers by the thousands. Tech jobs, highly sought after for their high pay and cushy benefits, seem less secure than ever as nearly every major tech company has cut headcounts and slashed budgets in the past six months. The bloodbath shows no sign of slowing down: Nearly 95,000 tech workers have been laid off in the first few weeks of 2023, according to layoff tracker layoffs.fyi. A silver lining for tech workers?
Want your tax refund faster? Here’s what to do
  + stars: | 2023-02-07 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +5 min
The IRS says it typically issues federal refunds within 21 calendar days of accepting your tax return, assuming there are no issues. Tom O’Saben, director of tax content for the National Association of Tax Professionals, said some of his clients have received their refunds in as little as 10 days. “If you filed on paper and are expecting a refund, it could take four weeks or more to process your return,” the IRS notes on its website. This can be an issue if you got married recently and changed your last name but failed to inform the Social Security Administration of your name change. If the IRS finds you still owe tax on that unreported income, you may have to return some or all of your refund, plus interest, and possibly an underpayment penalty.
New York CNN —National Enquirer, the 97-year-old controversial tabloid behind several bombshell celebrity and political scandals, sold itself to a brand acquisition company. American Media Inc. has offloaded the publication to VVIP Ventures, a joint venture between Vinco Ventures, Inc and a360 Media, for an undisclosed price, the companies announced Monday. National Examiner and Globe, as well as the UK edition of Enquirer, are also part of the sale. Bezos wrote a Medium post that included what he said were emails from AMI detailing what he described as blackmail. AMI also owns Us Weekly, OK, Star, In Touch, Men’s Journal, and Muscle & Fitness, but those magazines are not part of the deal with VVIP Ventures.
Turkey's lira slips to fresh record low, stocks tumble
  + stars: | 2023-02-06 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Feb 6 (Reuters) - Turkey's lira hit a fresh record low and its stock markets tumbled on Monday as a major earthquake added to pressures from a strong dollar, geopolitical risks and surprise inflation readings out of the country. The lira slipped to 18.85 , in early trade before retracing most of its losses. More than 500 people were killed and thousands injured on Monday, after a major earthquake of magnitude 7.8 struck central Turkey and northwest Syria. But Turkey is feeling additional pressures. "A new window of FX volatility could be around the corner."
Roughly 50% of S & P 500 companies have posted earnings thus far, and the results have been mixed. Tuesday Chipotle Mexican Grill is set to report earnings after the bell, followed by a conference call at 4:30 p.m. What history shows: Data from Bespoke Investment Group shows Chipotle beats earnings expectations 76% of the time and averages a 1.7% gain on earnings day. What history shows: Bespoke data shows Disney beats earnings per share estimates nearly 80% of the time. What history shows: PayPal earnings have beaten analyst earnings expectations nine of the last 10 quarter, according to FactSet.
For years, income-driven repayment plans for student-loan borrowers were not working as intended. That's why Biden introduced a proposal to reform those plans and make monthly payments cheaper. Angel said they were advised by a customer service representative at a student-loan company to stay in school to defer the loan payments. But after so many years of failures with IDR plans, Chingos said he's concerned not much will change. According to NPR, three student-loan companies weren't tracking the payments borrowers were making under the plan, and low-income borrowers who were making $0 monthly payments were hurt the most.
Despite her support for her children, Maye Musk has been a celebrity in her own right for decades. Maye Musk Maye Musk attended the Met gala with Elon Musk last year. "They followed their passions, and they all went in different directions," Maye Musk told Insider in a 2020 interview. Elon Musk, in particular, had tried his hardest in school, but only in the subjects he liked, Maye Musk said. Even at 14 years old, Maye Musk said Elon Musk had shown a passion for investing.
Alphabet — The tech giant saw its shares drop 1% following the aftermath of its disappointing earnings report. Alphabet's posted earnings per share of $1.05 missed Refinitiv analyst consensus estimates of $1.18 per share. The company posted its largest quarterly revenue decline since 2016 as it fended off a strong dollar, China production issues and a difficult macro picture. Ford – Ford Motor shared shed 6% after fourth-quarter earnings fell short of both Wall Street and its own guidance. The Wall Street firm said the rally is driven by a short squeeze.
But even with these near-term headwinds, analysts remain confident in the long-term thesis for the e-commerce giant and its growth trajectory. The results from Amazon come on the heels of a difficult 2022 that saw the e-commerce bellwether shed roughly half its value and post its slowest year of growth . At the same time, revenue for its Amazon Web Services division fell short of Wall Street's estimates and showed slowing sales growth as business spending dwindles. Moderating growth within the company's cloud unit marked one of the biggest concerns for analysts, but nowhere near a shock. Revenue growth came in at 20% for the quarter, and below the already slow 27.5% growth rate the company experienced in third quarter.
Watching labor data on Black workers in the U.S. can offer helpful clues about the strength – or weakness – of the economy, and even signal economic changes before they show up in the headline print. That's because Black workers are more able to find employment in strong labor markets and can be the first to lose their jobs when the economy weakens. "Black workers are the canary in the coal mine – are you actually hiring people?" "The Black unemployment rate continues to be the highest, indicating that Black workers are facing more challenges, having a more difficult time securing employment," said Valerie Wilson, director of the Economic Policy Institute's program on race, ethnicity and the economy. "We know that for every one percentage-point change in the national unemployment rate, we typically get close to a two percentage-point change in the Black unemployment rate," she said.
I started getting requests from customers to design fabric for them, for everything from handbags to backpacks to children's clothing. The website also gets a cut, but the amount depends on whether the design is for commercial or personal use. Clients would see my designs on these websites, search my name, and come to my website I'd created to show my portfolio. Having an ongoing income from clients buying my existing designs meant I could take a break when I needed to. When I felt better, I could create new artwork to upload to a website to sell more prints.
Microsoft plans to use artificial intelligence from ChatGPT maker OpenAI to write emails for people. This new tech is to be deployed in Viva Sales, Microsoft's sales app launched in October, that manages customer information and uses AI to scan calls and emails with clients. My company needs 20,000 reams next month, and we have a budget of $100,000. ChatGPT responded like so:Dear Jerry, Thank you for your interest in ordering paper from Dumble Muffin. Best regards, Mike WazowskiSales Representative, Dumble MuffinWe had "Jerry" respond by adding a few more details and a request for a suggestion.
Analysts aren't giving up on Apple despite the tech giant's near-term headwinds. Sales for the holiday-quarter were also 5% lower over last year, representing the company's first year-over-year decline since 2019. "Despite near-term macro and supply headwinds, the Apple flywheel keeps spinning," said Morgan Stanley's Erik Woodring, who retained his price target and overweight rating. AAPL 5D mountain Apple falls after disappointing earnings But Apple isn't out of the macro woods just yet, according to some analysts. "On the other, numbers are being reset, and investors may begin to look forward to a better 2024, akin to 2019, when Apple last saw revenues decline."
Turkey inflation higher than expected at nearly 58%
  + stars: | 2023-02-03 | by ( ) www.reuters.com   time to read: +2 min
ISTANBUL, Feb 3 (Reuters) - Turkish annual inflation dipped to 57.68% in January, official data showed on Friday, but was well above forecasts despite a favourable base effect that is expected to carry on until President Tayyip Erdogan seeks re-election in May. Month-on-month, consumer prices rose 6.65%, the Turkish Statistical Institute said, nearly twice a Reuters poll forecast of 3.8%. Annually, consumer price inflation (TRCPIY=ECI) was forecast to be 53.5%. The annual price measure is now easing relative to that run-up, which included an 11% surge from December 2021 to January 2022. Economists expect annual inflation to dip to around 40% by the time of the May elections, which are expected to be tight according to polls.
Meta Gets Back to Reality
  + stars: | 2023-02-02 | by ( Laura Forman | ) www.wsj.com   time to read: 1 min
Meta has said it would devote 80% of its total investment dollars to improving its legacy business. Hindsight is always 20/20 but, looking back, it was all there in not-so-fine print. Facebook-parent Meta Platforms’ surged 18% in after hours trading Wednesday following an earnings report that included a first quarter outlook that was better than feared. It came just one day after social media competitor Snap, Inc. painted an ominous picture of its own near-term business prospects, noting revenue was down about 7% quarter to date year on year.
SYDNEY, Feb 2 (Reuters) - Australia will replace the portrait of Queen Elizabeth II on its A$5 banknote with a new design to reflect and honour the history of its Indigenous culture, the country's central bank said on Thursday. The decision follows consultation with the federal government, which supports the change, the Reserve Bank of Australia said in a statement. The Reserve Bank said it would consult with Indigenous groups in designing the A$5 banknote. The A$5 banknote is the only Australian banknote to carry the image of the Queen. Australian coins are mandated to carry the image of the British monarch and new coins will have the effigy of King Charles.
Despite headline misses, Apple gave us a lot to like under the hood in its fiscal 2023 first quarter. The worst appears to be behind us — and as a result, we reiterate our 1 rating and continue to believe that Apple stock is something to own for the long-term, not trade quarter to quarter. In its December quarter, Apple returned $19 billion via the repurchase of 133 million shares and another $3.8 billion in dividends. Moreover, nearly two-thirds of Apple Watch buyers in the quarter were new to the product. Within Services, we also saw all-time revenue records for cloud services, payment services and music and December quarter records for the App Store and AppleCare.
a hedge fund recruiter said, commenting on the calculus for hedge fund investors. At the end of 2021, the fund's exposure had been evenly split between fixed-income and equities, according to the investor documents. In all, more than 60 portfolio managers departed or were let go in 2022, according to the investor documents and people close to the matter. After the shakeup, ExodusPoint's income stream is now even more reliant on fixed-income trading — and that may not be such a bad thing. "The fixed income piece is doing incredibly well," another hedge fund recruiter said.
Nina Simon’s 9-year-old daughter spent five extra days with her grandparents in Washington state. Annalee Hickman Pierson’s 7-year-old daughter missed her first Christmas with her baby sister in Utah, where matching pajamas and velvet dresses awaited. The children were flying solo as part of Southwest Airlines Co.’s service for unaccompanied minors. They were among the youngest travelers caught in the carrier’s holiday meltdown.
Sticky underlying inflation set to keep ECB on its toes
  + stars: | 2023-02-01 | by ( ) www.reuters.com   time to read: +4 min
The drop in headline inflation is unlikely to expunge concerns among conservative policymakers that rapid price growth is becoming entrenched, a worry reinforced by high underlying inflation on Wednesday. Inflation excluding volatile food and fuel prices picked up to 7% from 6.9% while an even narrower measure watched closely by the ECB held steady at 5.2%, exceeding forecasts for 5.1%. Underlying inflation was driven by a jump in processed food and industrial goods prices but services inflation, a key worry because it reflects wage growth, eased a touch. Euro zone unemployment held steady at 6.6% in December, its lowest rate on record, separate data showed on Wednesday. Markets now expect ECB rates to peak at 3.5%, the highest rate in over 20 years, suggesting another 100 basis points of hikes after Thursday's move.
Morgan Stanley reiterates PayPal as overweight Morgan Stanley said it's standing by shares of PayPal but that Apple Pay is a formidable competitor for the company. Morgan Stanley initiates Rocket Pharmaceuticals as overweight Morgan Stanley said in its initiation of Rocket Pharmaceuticals that it likes the company's pipeline. Morgan Stanley reiterates Amazon as overweight Morgan Stanley said it's bullish on Amazon's Buy with Prime service for merchants. Morgan Stanley reiterates Walmart as overweight Morgan Stanley said growth remains strong for the Walmart's subscription service, Walmart+. " Morgan Stanley reiterates McDonald's as overweight Morgan Stanley said the fast food giant is well positioned for 2023 after it reported strong earnings on Tuesday.
Permanent life insurance can build cash value. Beyond that, how do I use life insurance to build wealth? Financial planners and life insurance agents can help you create a budget to determine how much you can afford. Financial planners and life insurance agents can help you create a budget to determine how much you can afford. Before purchasing any life insurance policy, we recommend meeting with a financial planner or experienced life insurance agent.
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