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Yields on Treasury bonds, meanwhile, increased as investors discounted the likelihood that the Fed would shy away from further rate increases. The Fed's preferred measure of inflation is running at almost three times the central bank's target. Important aspects of both reports, however, moved in the favor of a more tempered Fed policy. Wage growth continued to slow in February, and much of the jump in prices last month was driven by the cost of shelter, an area where Fed officials feel inflation will soon prove to be slowing. "The Fed can support liquidity in the banking system and tighten monetary policy at the same time," Sweet said.

☆ Instant View: U.S. February CPI increase leaves market guessing on Fed
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +9 min

Core CPI without food and energy prices increased 0.5% after rising 0.4% in January. Year over year core CPI gained 5.5% vs 5.6% in January. Economists polled by Reuters had forecast monthly CPI and core CPI up 0.4%. So they're going to have to respond to the banking crisis that's probably just not over yet." If the Fed’s worried about saving face or coming off as wishy washy or worried about losing credibility with the market, they're going to raise by 25 basis points.

However, further announcements are expected in coming weeks as China implements a reorganisation of its financial regulatory structure and other government bodies. "Opting for continuity in these critical economic roles suggests an emphasis on credibility and stability," said Mattie Bekink, China director at the Economist Intelligence Corporate Network. The U.S.-educated central bank chief Yi, appointed PBOC governor in 2018, had widely been expected to retire after being left off the ruling Communist Party's Central Committee during the party's once-in-five-years congress in October. "It shows China wants to at least have a dialogue with the United States on monetary policy and financial cooperation," he said. The parliamentary session will end on Monday, with Xi expected to give a speech and Li, the new premier, scheduled to hold a televised media conference afterwards.

☆ Meet the 'boommates': These two baby boomers live together to cut costs and build a relationship
▼ + stars: | 2023-03-01 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

Miller had an extra room in her home and thought why not find a roommate to help pay the mortgage. She called her local senior center, and they suggested she try Silvernest, a home-sharing platform founded in Colorado in 2015. According to Miller, Mears pays $650 on a month-to-month basis for her lodging and utilities. Longmont, Colorado, where Mears and Miller live, is located 40 miles north of Denver. After less than a week, Miller and Mears were eating dinner together regularly, taking turns cooking for each other.

☆ Seeking a Studio in Downtown Brooklyn for Less Than $400,000: She Was Surprised by the Options
▼ + stars: | 2023-02-23 | by ( Debra Kamin | ) www.nytimes.com time to read: +2 min

The first time Jenn Leyva moved to New York, it was to start college at Columbia University. She took Zoom calls in a corner of the communal living room and made sure to always wash her dishes. Email: thehunt@nytimes.com]She was pleasantly surprised by the options she found online: a handful of studios for less than $400,000, just south of the Brooklyn Bridge, in the corner of the borough where leafy Brooklyn Heights meets Dumbo and Downtown Brooklyn. “Studios were cheap, because everyone was still working from home and wanted a one-bedroom with a separate sleeping space and work space,” Ms. Leyva said. “But my work space is in Manhattan.”She teamed up with Leora Blumberg Rubinstein, a realtor with Douglas Elliman, who approved of her strategy.

☆ I earn $9,500 a month selling printables I make on Canva. Here's how I scaled my Etsy store while on maternity leave.
▼ + stars: | 2023-02-15 | by ( Rachel Jimenez | ) www.businessinsider.com time to read: +6 min

Eventually, work got busy, so blogging and running my Etsy store went on the back burner. When I refocused on my Etsy store a few years later, I grew my average sales to about $9,500 a month. My Etsy store, however, was consistently bringing in about $50 a month, even though I'd basically ignored it for a year. When I saw someone doing well with online marketing or an Etsy store, instead of being jealous I'd ask myself, "What can I learn from them?" Customers value digital products because they can be reusedA digital product can be a PDF, a JPEG image, or even an Excel spreadsheet that you make once and profit from forever.

☆ Biotech CEO famous for spending millions to reverse age accused of walking out on ex after her breast cancer diagnosis and manipulating her in the spirit of 'radical transparency"
▼ + stars: | 2023-02-10 | by ( Azmi Haroun | Lloyd Lee | ) www.businessinsider.com time to read: +6 min

A biotech CEO famous for trying to reverse his age was accused of walking out on a cancer-stricken partner. Ex-fiancée Taryn Southern alleged that Bryan Johnson emotionally and financially manipulated her. "Trickery, deceit, preying on Ms. Southern's physical and emotional weaknesses and financial dependence, and creating confusion and fear with his threats of legal action were major features of Johnson's scheme against Ms. Southern," Southern's attorneys wrote. "He aggressively pursued and propositioned Ms. Southern's own friends and acquaintances – while other women were paid prostitutes or girls from 'Sugar Daddy" apps,' Southern's attorneys said in the suit. "He became obsessed with his sexual conquests and relaying the details of his triumphs to Ms. Southern under the guise of 'radical transparency and honesty.'"

☆ Exclusive: The FBI's McGonigal labyrinth
▼ + stars: | 2023-02-08 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +28 min

She never saw McGonigal pay. "The notion that Mr. Deripaska is some proxy for the Russian state is a blatant lie," Ruben Bunyatyan, a spokesperson for Deripaska, told Insider by email. McGonigal was not charged with espionage, and although there is currently no evidence that McGonigal committed espionage, an FBI source told Insider that the investigation is ongoing. At the FBI, McGonigal racked up a string of big cases and promotions. "He said he needed to make more money," Guerriero told Insider.

☆ It's time to chill with al the recession talk
▼ + stars: | 2023-02-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +8 min

New York CNN —In 2021, a bunch of economists and policy makers underestimated the inflation that was taking root around the world. In 2022, as inflation hit 40-year-highs and the Fed ramped up interest rates, many of those commentators went full-on gloomy — predicting a recession was all but inevitable. And that makes it hard, if not impossible, to imagine a recession anytime soon. “Any concern the economy is in recession or close to a recession should be completely dashed by these numbers,” Moody’s Analytics chief economist Mark Zandi told CNN on Friday. “The economy is further away from recession than ever,” wrote Christopher Rupkey, chief economist at Fwdbonds.

☆ OpenAI staff didn't think ChatGPT would be 'useful' and it almost wasn't released in its current form, cofounder says
▼ + stars: | 2023-02-06 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

OpenAI staff didn't think ChatGPT would be useful, cofounder Greg Brockman told Forbes. ChatGPT ultimately became a viral worldwide hit after its release in November. "None of us were that enamored by it," Greg Brockman, also a cofounder of OpenAI, said in an interview with Forbes. At that point, OpenAI was focusing on making alternatives to the ChatGPT bot that was ultimately released, Forbes said. Representatives for OpenAI didn't immediately respond to a request for comment from Insider.

☆ I settled the gas stove debate with a $69.99 induction cooktop from Ikea
▼ + stars: | 2023-02-05 | by ( Adam Rogers | ) www.businessinsider.com time to read: +11 min

Well, not at Ikea per se, but on the Ikea website — where I purchased the Tillreda, a single-burner induction cooktop, for $69.99. I got a magnet; if it doesn't stick to a pot, the pot won't work on an induction plate. That meant I couldn't do stuff on the Tillreda like boiling soup and pasta, things that require a long time on an inefficient gas flame. "In cases like that, the heat losses for a gas flame really add up," McGee says. I tried one in a cast-iron pan on the induction plate.

☆ Memphis councilman breaks down in tears over bodycam footage of the beating of Tyre Nichols: 'This wasn't supposed to happen'
▼ + stars: | 2023-01-28 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

"We gotta build a better Memphis for Mr. Nichols," Jones said. "Don, we have to do something," Jones told Lemon in the clip, which has since gone viral on social media. "Not that we were immune to anything, but this wasn't supposed to happen in our community. This was a traffic stop, it wasn't supposed to end like this." "We gotta do something," Jones told Lemon.

[1/9] Czech presidential candidate Petr Pavel and his wife Eva Pavlova react at his headquarters, after results are announced for the country's presidential election, in Prague, Czech Republic January 28, 2023. Pavel, a 61-year-old retired general running for office for the first time, won 58.3% of the vote with all voting districts reporting final results, defeating billionaire ex-premier Andrej Babis, a dominant but polarising force in Czech politics for a decade. Pavel has also fully backed continued support for Ukraine in its defence against Russia's invasion. Babis, 68, a combative business magnate who heads the biggest opposition party in parliament, had attacked Pavel as the government's candidate. Ukrainian President Volodymyr Zelenskiy congratulated Pavel on his election on Twitter and said he looked forward to close cooperation.

A life insurance policy can cover your expenses while you take the time to grieve. And even through that fog, I had one nagging thought: My husband needs life insurance, yesterday. Buying life insurance for my husband had been on the back burnerI became the primary breadwinner around when my second daughter was born. I realized my income would suffer if he diedMy grandmother's death moved getting life insurance firmly to the top of our to-do list. We talked about what we wanted from insuranceThere's some debate about how much life insurance stay-at-home parents need.

☆ Latam M&A expected to recover in 2023, IPOs may take longer
▼ + stars: | 2022-12-27 | by ( Tatiana Bautzer | ) www.reuters.com time to read: +4 min

SAO PAULO, Dec 27 (Reuters) - After a sharp drop in Latin American deals in 2022, bankers expect a slow recovery next year, led by M&A. The volume of M&A deals in Latin America fell 35% this year, to $86 billion, according to Refinitiv data. Bankers predict M&A volumes will grow up to 20% in the region next year as Latin America becomes more relevant among emerging markets. Latin America has a great opportunity to increase its share among emerging markets, said Latam M&A co-head at Citigroup Nicolas Roca. Share offerings fell 61% in Latin America this year to $13.4 billion, according to Refinitiv data through December 26.

☆ Canada 'keen' on resolution for First Quantum in Panama
▼ + stars: | 2022-12-23 | by ( Steve Scherer | ) www.reuters.com time to read: +2 min

After efforts to reach a deal failed, Panama on Dec. 15 said First Quantum must shut down its Cobre Panama mine. The Cobre Panama mine is considered the largest private investment in the Central American country, accounting for roughly 3.5% of its gross domestic product. First Quantum reported revenue from Cobre Panama of $2.29 billion in the first nine months of this year. The dispute centers around Panama seeking an increase in annual payments to at least $375 million. Though mainly focused on copper, First Quantum also mines nickel, zinc and cobalt in projects across South America, Africa, Europe and Australia.

The implications of the world's most dovish central bank turning hawkish are too big to ignore. Japan's net international investment position, the difference between the stock of assets it holds overseas and stock of Japanese assets held by foreigners, is more than $3 trillion. And with Japan's portfolio investment assets and liabilities totaling $7.3 trillion, big yen moves could spill over to global leverage, hedging and derivatives exposures. As Washington-based consultant and former World Bank economist Philip Suttle notes, Kuroda can justifiably claim to have ended deflation. Over his 10-year tenure as BOJ governor, consumer prices have risen an average 0.77% year-on-year, compared with average 0.13% decline in the decade before.

REUTERS/Dinuka Liyanawatte/File PhotoDec 13 (Reuters) - For the energy industry, 2022 will be remembered as the year Russia's invasion of Ukraine accelerated a global energy crisis. The world's top energy companies beat a hasty retreat from Russia and wrote off tens of billions of dollars in assets. WHY IT MATTERSRussia's invasion of Ukraine caused European countries to re-evaluate their relationship with that nation, long the continent's primary supplier of natural gas. "We are seeing nothing less than the termination of a successful 50-year partnership on gas between Russia and Europe," said Michael Stoppard, special adviser and global gas analyst at S&P Global Commodity Insights. As the year comes to a close, costs for natural gas and heating fuel have ebbed as economic activity declines.

☆ Half of US employers are planning layoffs. Here's how to start 'career cushioning' so that you aren't screwed if you lose your job.
▼ + stars: | 2022-12-10 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +4 min

It helps to be prepared — to "career cushion" — so you're not blindsided if you lose your job. Start by updating your LinkedIn profile, networking more creatively, and thinking about your goals. Knowing you're prepared for whatever comes next can help mitigate some of that terror. Update your social-media profilesHeitmann said the first — and potentially easiest — thing to do is update your LinkedIn profile. "It's always helped me to really think through how to be prepared," Heitmann said.

☆ Fans express mixed reactions to Deion Sanders' reported $5 million deal to coach struggling Colorado Buffs after three-year dominating run at Jackson State
▼ + stars: | 2022-12-03 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Deion Sanders is reportedly leaving Jackson State after three years as head coach, ESPN says. College football fans shared mixed reactions to Sanders leaving SWAC, a conference made up of HBCU sports teams. Some criticized the former NFL star for using Jackson State as "a launching pad for his coaching career" while others congratulated him on the new Power 5 position. Similar concerns have been raised around Sanders' son and Jackson State's quarterback, Shedeur Sanders, potentially following his father to Colorado. Sanders is said to be announcing his alleged departure from Jackson State after Saturday's game.

☆ DEI programing stalled in 2022—how that could 'alienate' young workers in the future
▼ + stars: | 2022-12-02 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

According to new research from Glassdoor, in September 2017, 27% of companies reviewed on the site indicated corporate investment into DEI programs like Employee Resource Groups. Access to DEI programs surged to 39% in 2020 before peaking to 43% in 2021. Where are DEI programs thriving? Young people have been very vocal about their desire to work for companies that care about diversity, equity, and inclusion — and Glassdoor reviews prove it. Black women, and people of color collectively, are also more likely to say diversity, equity, and inclusion are important than their white counterparts.

"Things reached a tipping point, we had to come out," Yang, 32, who declined to be identified by her full name given fear of reprisals, told Reuters. Authorities have denied the deaths in the fire were linked to lockdown measures that blocked the victims' escape. "I'm very proud that I can stand up with the best young people in China and speak out for everyone," said Cheng. She and other young protesters are tech savvy, with many communicating over Telegram in amorphous, anonymous and decentralised acts of defiance, with echoes of Hong Kong's leaderless pro-democracy protests in 2019. But it's better than facing the reality day by day and then not being able to do anything, and then you feel sorry for yourself."

In the early 2010s, Mr. Mellow set out for still more distant shores, traveling to many famous surf breaks in the South Pacific. Mr. Abdul-Rashed and Mr. Danian traveled to Hawaii to connect with Mr. Mellow, their spiritual guide and Pacific expedition leader. Mr. Mellow posted an ad on Facebook and Craigslist offering $10,000 for passage to the South Pacific. Mr. Schmidt was in sync with the young seekers when it came to fear of Big Brother and vaccines, but dreading port officials brandishing nasal swabs struck even Mr. Schmidt as a little unhinged. When asked if he was at all responsible for what had happened to Mr. Danian and Mr. Abdul-Rashed, Mr. Mellow looked genuinely confused.

☆ Kelsey Grammer explains why David Hyde Pierce won’t be in the ‘Fraser’ revival
▼ + stars: | 2022-11-24 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Kelsey Grammer is bringing Dr. Frasier Crane back. He’s doing a revival of his hit series “Fraser,” which originally ran on NBC from 1993-2004. Grammer said David Hyde Pierce opted out of returning as Fraser’s brother. “David basically decided he wasn’t really interested in repeating the performance of Niles,” Grammer said. “But the new world for Frasier is one of new friendships — and some new twists and turns he didn’t know were still in there.”

In September, she and her boyfriend, Jay, moved into their teal 30-foot school bus and started living and working from the road. Now, she works from her converted school bus and makes up to $15,000 per month. CNBC Make It"The goal was to make a couple of hundred dollars every month for gas money," Everdeen, 31, tells CNBC Make It. But that freedom has a lofty price tag: Everdeen and Jay bought their school bus from a government auction for $7,324 in January 2020. They decided to buy the school bus, and started deconstructing its seats and windows to convert it into their 30-foot home.

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