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☆ You’re Layering Your Clothes Wrong. Here’s What to Do Instead.
▼ + stars: | 2022-12-27 | by ( Todd Plummer | ) www.wsj.com time to read: 1 min

WHEN NEW YORK CITY comedian Jared Freid appeared on “The Tonight Show Starring Jimmy Fallon” this fall, he recounted that, back in college, he and his friends would layer on several colorful polo shirts, collars popped—a fashion choice that left Mr. Freid resembling what he ruefully called “an aggressive tulip.”When it comes to layering clothing—that stylist-approved way to keep warm come winter and spruce up the separates in your wardrobe by combining them in fresh ways—it’s easy to mess up even if you’ve never been a noughties frat boy. Done thoughtlessly, it can leave you looking like Joey in the “Friends” episode when he dons every single article of clothing that Chandler owns. Here, five common problems that inept layerers run into—and what to do instead.

☆ Electric vehicle sales hit a tipping point in 2022
▼ + stars: | 2022-12-27 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

Bloomberg includes plug-in hybrids in its count of “electric vehicles,” but a large majority are purely battery-powered models. It’s unclear exactly why 5% seems to mark the point where EV sales really take off. The Mustang Mach-E, which hit the market in in 2021, was the first electric vehicle to take a notable chunk of Tesla’s still-dominant EV market share. The act, passed this year, changes the rules around which electric vehicles are eligible for consumer tax credits. Given their popularity and already high sales, incentive rules could help push EV sales significantly higher.

☆ Gold at $4,000? Analysts share their 2023 outlook as inflation, recession fears linger
▼ + stars: | 2022-12-22 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

Gold prices could surge to $4,000 per ounce in 2023 as interest rate hikes and recession fears keep markets volatile, said Juerg Kiener, managing director and chief investment officer of Swiss Asia Capital. There is a good chance the gold market sees a major move, he said, adding "it's not going to be just 10% or 20%," but a move that will "really make new highs." According to the World Gold Council, central banks bought 400 tonnes of gold in the third quarter, almost doubling the previous record of 241 tonnes during the same period in 2018. Kiener also said investors would look to gold with inflation remaining high in many parts of the world. "Gold is a very good inflation hedge, a great catch during stagflation and a great add onto a portfolio."

☆ She says she was fired in retaliation. Hearst Magazines says she was insubordinate. Here's how Delish's hit YouTube show 'Budget Eats' came crashing down.
▼ + stars: | 2022-12-22 | by ( Steven Perlberg | ) www.businessinsider.com time to read: +21 min

Produced by the Hearst-owned food brand Delish, "Budget Eats" was the kind of digital success story that traditional magazine giants crave. As Xie worked her day job developing recipes, "Budget Eats" was morphing from a pandemic experiment to a bonafide hit. A career recipe developer at work, the "Budget Eats" Xie doesn't even measure out ingredients. "It felt like she was afraid that putting 'Budget Eats' from her kitchen onto this cable network might dilute the honesty," Lennon-Simon said. As for "Budget Eats," Delish recently posted what is presumably the last episode.

☆ A coal mine is on fire in Utah leaving a small town at risk
▼ + stars: | 2022-12-21 | by ( Sara Ruberg | Sara Ruberg Is A News Associate With Nbc News. | ) www.nbcnews.com time to read: +3 min

The Trump administration gave several towns relying on oil, gas and coal a boost by cutting royalty payments and expanding projects. East Carbon is a coal town, one of only a few hundred still hanging on. Emery County Coal Resources, which is a subsidiary of American Consolidated Natural Resources, owns Lila Canyon Mine and did not reply to several requests for comment. Utah relies heavily on coal for energy: 61% of the state’s electricity net generation came from coal-fired plants. But Porter said Emery County Coal Resources, the company that runs the mine, has a solid plan to extinguish it.

☆ Elon Musk Polls Twitter Users, Asking Whether He Should Step Down
▼ + stars: | 2022-12-18 | by ( Alexa Corse | ) www.wsj.com time to read: 1 min

Elon Musk took to Twitter to ask whether he should step down from the social media site he now owns. Elon Musk asked Twitter users to vote Sunday on whether he should step down as head of the social-media platform and pledged to abide by the results, the latest twist in what has been a tumultuous period for the company since his takeover in October. “Should I step down as head of Twitter? I will abide by the results of this poll,” Mr. Musk said in the tweet, posted to his own account. He gave users two options for a response: “Yes” or “No,” according to the tweet.

☆ 'Elon abandoned Tesla': The EV maker's 3rd-largest individual shareholder calls for a new CEO as the Twitter circus tests investor patience
▼ + stars: | 2022-12-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Investor patience in Tesla is wearing thin as CEO Elon Musk shifts his focus to running Twitter. "Elon abandoned Tesla and Tesla has no working CEO. Tesla needs and deserves to have working full time CEO," Leo tweeted on Wednesday. "Elon abandoned Tesla and Tesla has no working CEO," KoGuan Leo tweeted on Wednesday. He is our employee... Elon was the proud father, Tesla has grown up... An executioner, Tim Cook-like is needed, not Elon," Leo tweeted.

☆ 5 real-estate investing veterans share their wealth-building strategies heading into 2023, including how they're finding great deals and putting their cash to work
▼ + stars: | 2022-12-14 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +10 min

Others are focused on optimizing their current rental properties. Dana Bull is optimizing the rental properties she already ownsReal estate investor and consultant Dana Bull. Matt 'The Lumberjack Landlord' is bolstering his cash cushionNew Hampshire-based real estate investor Matt "The Lumberjack Landlord" and his family. Karina Mejia is poised to expand her portfolio and wants properties that will immediately cash flowReal estate investor Karina Mejia owns properties in Boston and Georgia. Mike Zuber is writing aggressive offers two times a weekReal estate investor Mike Zuber and his wife Olivia.

Vindman first joined Twitter while working in the Trump administration because it was often the way his then-boss, the president, made policy. His wife, liberal activist and podcaster Rachel Vindman, has almost 400,000 followers, making them a progressive Twitter power couple. In a clubby city obsessed with status and information, Twitter delivers both, all from the comfort of one’s mobile phone. No one wants to leave Twitter until everyone else does, but there’s no obvious place to go next. Some think Musk will kill Twitter regardless of whether there’s a mass exodus of its users.

☆ Larry Page, Sergey Brin Post-Google Lives: Investments, Yachts, Islands
▼ + stars: | 2022-12-11 | by ( Hugh Langley | Rob Price | ) www.businessinsider.com time to read: +33 min

Even before their retirement from Google, Page and Brin relied heavily on their respective family offices to bring order to their worlds. The Bay Area headquarters of Koop, Larry Page's family office, is nondescript and gives little indication of the billionaire's empire. Insider; Marianne Ayala/Insider Show less Bayshore Global Management, Sergey Brin's family office, is based in Palo Alto and has a bit more of a public face. Insider; Marianne Ayala/Insider Show lessThe difference in styles holds true for Brin's family office, Bayshore Global Management. The CEO of Page's family office is Wayne Osborne, a former elder in the Presbyterian Church who attended Princeton Theological Seminary.

☆ Wall Street says a recession is coming. One investment pro names her favorite stocks to tough it out
▼ + stars: | 2022-12-09 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Tengler, who's been a proponent of dividend growth strategies for more than three decades, named four stocks she owns. Her firm uses what's known as a relative dividend yield strategy to judge the value of a stock. A high relative dividend yield is a buy signal if the dividend level is expected to be sustained and increased over time. Goldman also fits into one of Tengler's top investment themes: old economy stocks that are embracing digital transformation. Two asset managers face off Another old economy stock that Tengler likes is California-based self-storage firm Public Storage .

☆ Cerity's Jim Lebenthal on the Salesforce slump: It may be time to sell now
▼ + stars: | 2022-12-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCerity's Jim Lebenthal on the Salesforce slump: It may be time to sell nowJim Lebenthal, Cerity Partners, joins 'Closing Bell: Overtime' to discuss the drop in shares of Salesforce, a stock he owns.

☆ Shoppers' returns are spiking to unprecedented levels — driving a $280 billion problem that's starting to backfire against them
▼ + stars: | 2022-12-07 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Inflation and a phenomenon called 'bracketing' are driving returns, Insider Intelligence says. Returns add another layer of cost and complexity for retailers, Insider Intelligence analyst Zak Stambor wrote in the report. Depending on the way they handle returns, retailers could be on the hook for packaging, shipping, and labor costs, he wrote. Zara is among the stores that have started charging shoppers if they return items by mail. Amazon, for example, allows customers to return items purchased on its website at Whole Foods grocery stores, which the company owns.

☆ PE wants to see some cash flow before it starts making deals
▼ + stars: | 2022-12-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

As the markets continue to sour, and a recession looms, everyone's wondering when PE firms will begin scooping up assets. High on Bae's wishlist are "all things digital," he said, with one giant caveat: profitability. There are plenty of companies doing fascinating things in the digital space, but many have yet to reach profitability (*cough* fintechs *cough*). Goldman Sachs is going dumpster diving for crypto companies. Chaos in the crypto markets is creating investing and acquisition opportunities for the bank, according to Matthew McDermott, Goldman's head of digital assets.

☆ How to Clean a Leather Purse, According to Experts
▼ + stars: | 2022-12-06 | by ( ) www.wsj.com time to read: +5 min

These are the ones to use on the majority of leather types (excluding nubuck, patent leather, and suede). His go-to is Leather Master Leather Care Bundle, a three-step process of cleaning, conditioning and protecting; it entails applying the formulas with a foam sponge or lint-free cloth, allowing each coat to dry before the next. Additionally, when used in conjunction with a leather polish, there wasn’t any difference from using the polish on its own. In fact, because these methods required getting the leather somewhat damp, the results often led to leather that dried with a rumpled texture—one reason experts strongly caution against saturating leather. To prevent future blemishes, store your leather bag on a shelf in a cool, dry place.

☆ Private equity is starting to bet big on the cloud. Here's why firms like Blackstone are making the move.
▼ + stars: | 2022-11-30 | by ( Bianca Chan | ) www.businessinsider.com time to read: +7 min

Like other Wall Street firms upended by the technology, PE firms' motivation to make the move is tied to harnessing the copious amounts of data they manage. GFT works with more than 20 private-equity firms for digital transformation, including a handful of tier-one PE companies, he said. Some PE firms have tried to leverage their scale for pricing discounts among cloud providers, Mahenthiran said. Major cloud providers, like AWS, Microsoft Azure, and Google Cloud Platform, have been hungry for more Wall Street market share. That hasn't stopped PE firms from trying to hire out data-science and cloud teams to help front-office researchers find new opportunities and oversee internal cloud infrastructure, Vyas said.

Allies have been supplying Kyiv with weapons and military equipment since Russia invaded its neighbour on Feb. 24, depleting their own inventories along the way. HISTORIC INDUSTRYEastern Europe's arms industry dates back to the 19th Century, when Czech Emil Skoda began manufacturing weapons for the Austro-Hungarian Empire. They said Ukraine had acquired weapons and equipment via donations from governments and direct commercial contracts between Kyiv and the manufacturers. "At the same time it's an opportunity for them to build up their military production industry." Czech arms exports this year will be the highest since 1989, he said, with many companies in the sector adding jobs and capacity.

☆ Some adult content creators are worried about losing their community if Twitter dies
▼ + stars: | 2022-11-23 | by ( Morgan Sung | Morgan Sung Is A Trends Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +12 min

As she followed reports of the chaos within Twitter, OnlyFans creator and artist Stephanie Michelle fretted over what losing Twitter would mean for her livelihood. The pandemic and subsequent OnlyFans boom brought a new wave of adult content creators to the so-called sex work Twitter. The online sex work community is also tight-knit, so it’s also become a space to warn others of potential dangerous customers. Because sex work is so widely stigmatized, sex workers rely on each other for mutual aid and support. She added that many sex workers have experienced losing their followings and community because of how hostile other social media platforms are to adult content creators, even if they aren’t posting explicit content.

[1/2] Camden Hauge, who owns the Egg cafe, poses in her cafe in central Shanghai, following the coronavirus disease (COVID-19) outbreak in Shanghai, China, November 16, 2022. Their Lost Plate company, which has been hosting food tours in several Chinese cities since 2015, will instead veer to Southeast Asia. With COVID outbreaks getting worse, it is unlikely that China's economy can shift into a higher gear in the near term. Local authorities in some Chinese cities eased restrictions, while others tightened. At its core, the problem reflects authorities' failure to prioritise the interests of consumers, who are often the punching bag in China's investment-driven economy.

☆ People investing as little as $1,000 for partial ownership of a property share how they did it, the risks, and the rewards
▼ + stars: | 2022-11-22 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

Several real-estate investing startups allow people to buy portions of properties instead of whole homes. Though he bought a personal residence for himself in 2020, the Eagle Mountain, Utah resident didn't have enough cash on-hand to purchase an investment rental property. A growing number of startups like Fintor — including Arrived Homes, Fundrise, and others — are making real-estate investing more accessible for the average person using the "fractional ownership" model. Fundrise also allows investors to buy shares of Fundrise the company itself through a primary offering, which Kelkile has also done. Tyler Witty, a 47-year-old who owns an exterior cleaning company in Richmond, Virginia, already owns three investment properties.

☆ Collapsed crypto exchange FTX has about $1.24 billion of cash in total — but still owes at least $3.1 billion
▼ + stars: | 2022-11-22 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

FTX's vast web of entities had a total of around $1.24 billion in cash balances as of Nov. 20, according to a new court filing out late Monday. The filing was penned by Alvarez & Marsal North America, which is advising FTX on restructuring efforts after the exchange filed for bankruptcy protection earlier this month. The balances include FTX and its various "silos," ranging from the trading group Alameda Research to international subsidiaries. FTX's Japanese unit, FTX Japan K.K., has about $171.7 million in cash on its books, making it the third-biggest source of cash for the company. The cash is held by FTX and its affiliates with banks and other financial institutions, Mosley said in the filing.

☆ Elon Musk has used Twitter once per hour on average since buying the company
▼ + stars: | 2022-11-18 | by ( Travis Clark | Andy Kiersz | ) www.businessinsider.com time to read: +4 min

Musk has tweeted, retweeted, or replied on average once per hour since buying Twitter. The chart below shows that his total Twitter actions since the acquisition appear to exceed his total actions in the weeks before. Musk tweeted 65 times from October 6 through October 26; 105 times from October 27 through November 16. Overall: In total, he made 316 total Twitter actions in the three weeks before the purchase; 502 total actions since. His total replies since the purchase even exceeded his total Twitter actions from before.

☆ Private equity is opening up to the public cloud, setting up a new battleground for AWS, Microsoft, and Google to win over Wall Street
▼ + stars: | 2022-11-15 | by ( Bianca Chan | ) www.businessinsider.com time to read: +7 min

Like other Wall Street firms upended by the technology, PE firms' motivation to make the move is tied to harnessing the copious amounts of data they manage. GFT works with more than 20 private-equity firms for digital transformation, including a handful of tier-one PE companies, he said. Some PE firms have tried to leverage their scale for pricing discounts among cloud providers, Mahenthiran said. Major cloud providers, like AWS, Microsoft Azure, and Google Cloud Platform, have been hungry for more Wall Street market share. But the wait-and-see approach has put PE companies far behind their Wall Street peers.

☆ JPMorgan is the latest company to try to profit by taking old-school rent checks online
▼ + stars: | 2022-11-08 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +7 min

More than 100 million people in the US pay a total of $500 billion in rent each year, per JPMorgan. JPMorgan and many startups are taking the rent check online to get a cut of that pool of money. Historically, America's 44.2 million renters have written checks to their landlords and kissed that cash goodbye. Renters living at one of the 2.5 million "Bilt Alliance" properties, have the ability to report their rent payments to Experian, TransUnion, and Equifax. Once enrolled, renters can earn Pinata Cash that can be spent at retailers like Starbucks, Amazon, and Target, and also have their rent payments reported to TransUnion.

☆ Australian regulator orders audit of bookmakers Sportsbet, Bet365
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +2 min

Nov 3 (Reuters) - Australia's financial crime watchdog on Thursday ordered an audit of Sportsbet, the country's largest online betting house operated by Flutter Entertainment (FLTRF.L), and British gambling firm Bet365 to assess their compliance with financing laws. External auditors must report within six months whether the firms are well placed to identify and mitigate money laundering and terrorism financing, conduct risk assessment, and have necessary oversight, the Australian Transaction Reports and Analysis Centre (AUSTRAC) said. Sportsbet continues to invest heavily in AML/CTF (Anti-Money Laundering and Counter-Terrorism Financing Act) compliance and in our people, processes and systems." While Australia's gambling industry has been scrutinized in recent years due to alleged money laundering by its biggest casino operators, online betting has also come under the scanner as its prevalence boomed. Reporting by Shashwat Awasthi and Roushni Nair; Editing by Shinjini Ganguli and Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

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