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☆ 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.

☆ Complex insiders say owner BuzzFeed has shed key talent, failed to invest in core content, and threatens to dilute the hip culture brand: 'The BuzzFeed ethos does not get it'
▼ + stars: | 2022-12-22 | by ( Lucia Moses | ) www.businessinsider.com time to read: +9 min

Clashing video strategies as some fear Complex culture is being 'completely gutted'Kevin Hart appeared on Complex's "Hot Ones" series. Before joining with BuzzFeed, Complex's then-CEO Rich Antoniello had conversations with Vice Media and Vox Media. Rubbing salt in the wound, Complex insiders said they felt their brand was scrappier and more culturally relevant than BuzzFeed, which many consider past its prime. But Complex insiders felt especially aggrieved when, this fall, BuzzFeed announced a global expansion for ComplexCon. To Complex insiders, BuzzFeed's plan to take the event to Australia, Europe, and Asia simultaneously was unrealistic and under-resourced.

☆ UBS' Art Cashin says this is the next key level to watch for the S&P 500
▼ + stars: | 2022-12-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Keep an eye on the 3,800 level as the market sell-off picks up once again and investors put their hopes on a yearend rally, UBS' Art Cashin told CNBC's " Squawk on the Street " on Thursday. "That one-two combination this morning has us down, testing a very important 3,800 level in the S & P," he said. The comments from Cashin come after Tepper, the founder of Appaloosa Management, told CNBC on Thursday that he's bearish on the stock market heading into 2023. The Dow Jones Industrial Average and S & P 500 fell more than 1% each, while the Nasdaq Composite was down more than 2% in late-morning trading. The S & P 500 traded around 3,808.

☆ 19 Unique Valentine’s Gifts for Women Who Have Everything
▼ + stars: | 2022-12-22 | by ( ) www.wsj.com time to read: +10 min

Maybe she’s the type who tuts, “Oh, I don’t need anything” as Valentine’s Day or her birthday approaches. “There’s something a little decadent about wearing a matching cashmere set when you’re traveling by plane, for example,” Deyette notes. Note: The earrings can also be purchased as singles if you or your recipient like to mix and match. Constructed of 100% Australian sheepskin upper and footbed, they feel incredibly luxe and confer the benefit of breathable, moisture-wicking materials. It comes with a 72-ounce pitcher and an ice-crushing blade, as well as two single-serve blender cups for beverages on the go.

While the error margins are unlikely to distort euro inflation in the long-term, economists say they could warp inflation expectations if not addressed, at a time when the European Central Bank is raising rates aggressively to tame double-digit inflation. As falling energy prices will take time to be reflected in household contracts, the current methodology will underestimate inflation when energy prices fall, CBS said. More volatility could follow when Germany introduces a cap on energy prices in March, that will also cut costs for January and February retroactively, he said. Eurostat has said that only measures that have a direct impact on energy prices, known to consumers before they purchase the energy, should reflect in inflation calculations. FEEDTHROUGH RISKSWith inflation at 10%, the calculation issues are unlikely to significantly impact the aggregate euro zone inflation print.

☆ Your Equifax settlement payment won't be $125 because too many people wanted the money
▼ + stars: | 2022-12-21 | by ( Rebecca Cohen | ) www.businessinsider.com time to read: +3 min

Equifax started sending out payments to people affected by its massive 2017 data breach. But, as consumers quickly realized, the settlement payments are way less than the expected $125 per consumer. People have gotten as little as $5.21 because of the sheer number of people who filed claims for the money. Equifax started distributing settlement payments Monday to US consumers whose data was breached as a part of the 2017 Equifax Data Breach. Equifax agreed to a $700 million settlement over the privacy breach, but $425 million of that was set aside to repay consumers as a restitution fund.

☆ Wall Street analysts are more confident in Nike's outlook after strong earnings, improving inventory
▼ + stars: | 2022-12-21 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Wall Street analysts think Nike is moving in the right direction after the company reported strong earnings, as well as signs of improving inventory. Meanwhile, Morgan Stanley analyst Alex Straton raised her price target to $138, from $127, following the earnings beat. The new price target implies shares could jump more than 33% from Tuesday's closing price. Bank of America analyst Lorraine Hutchinson reiterated a neutral rating on the stock, but raised her price target to $120, up from $112. "Nike's strong revenue surprised to the upside but the company didn't move through as much inventory as we expected.

☆ Analysis: Italy's rates clash with ECB a sign of things to come for euro zone
▼ + stars: | 2022-12-20 | by ( Francesco Canepa | ) www.reuters.com time to read: +4 min

Summary Euro zone governments offering cost-of-living subsidiesECB has warned it won't compensate for "policy errors"Clashes seen widening beyond ItalyFRANKFURT, Dec 20 (Reuters) - Attacks by Italy's new government on the European Central Bank over its plans to raise borrowing costs may be a sign of things to come for a euro zone struggling with inflation and debt. It also showed the ECB did not fear penalising the most indebted of the 19 euro zone countries, Italy among them, which tend to see their borrowing costs rise disproportionately when credit becomes more expensive. "The ECB is clearly ready to take risks with fragmentation in the euro area," Gilles Moec, chief economist at AXA Investment Managers, said. With bigger deficits to refinance and the ECB raising interest rates while also winding down its bond purchases, markets have pushed up yields across the euro zone and particularly for the weakest borrowers, such as Italy. But the ECB has been clear it won't be used to rescue countries that have made imprudent "policy errors".

The average cost of travel insurance has increased over the past week, according to travel agency Squaremouth. Travel insurance weekly rates at a glance:Average premium: $240.24Average trip cost: $5,571.95Average trip length: 16 daysWhat is travel insurance? 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. Policy type Average days between purchase to trip Average trip length (days) Average trip cost Average cost of travel insurance Cancellation 53 14 $5,571.95 $379.28 Non-cancellation 16 21 N/A $96.07Source: SquareMouthAverage cost of travel insurance by ageA traveler's age is a significant factor in determining the cost of travel insurance. When calculating your travel insurance premium, travel insurance providers consider the likelihood of a medical emergency.

☆ Startup Shippo works with small businesses to print affordable, efficient shipping labels
▼ + stars: | 2022-12-20 | 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 EmailStartup Shippo works with small businesses to print affordable, efficient shipping labelsCNBC's Jon Fortt joins 'Power Lunch' to discuss Shippo, a late-stage startup that helps small businesses find affordable shipping options, charting a path to profitability as a startup and providing shipping label services for small-businesses.

☆ 21% of investors don't think they pay investing-related fees. Here's why they're wrong — and how it costs them
▼ + stars: | 2022-12-19 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

Damircudic | E+ | Getty ImagesMore than a fifth of investors don't think they pay any fees for their investment accounts, an industry survey has found. An additional 17% of investors in the recent poll said they didn't know how much they paid in fees. These firms — whether an investment fund or financial advisor, for example — generally levy investment fees of some kind. Here's the good news for many investors: Even if you haven't been paying attention to fees, they've likely declined over time. This is largely due to investors' preferences for low-cost funds, particularly so-called index funds, Morningstar said.

☆ 5 surprising things your homeowners insurance covers
▼ + stars: | 2022-12-18 | by ( Jason Stauffer | Benji Stawski | ) www.cnbc.com time to read: +11 min

A home is the biggest purchase most people make in a lifetime, and homeowners insurance is essential for protecting your biggest asset. Homeowners insurance covers the cost of fixing or replacing your home when it is damaged by a covered event, such as a fire, or certain types of bad weather. It's important to do a detailed review of your homeowners insurance policy to understand exactly what is and isn't covered. But finding the right homeowners insurance for you isn't as simple as locking in the lowest monthly premium. To file a homeowners insurance claim, you'll want to notify your insurance company as soon as possible after the event.

☆ Airlines can price climate change into your plane ticket. There are reasons to not buy it
▼ + stars: | 2022-12-17 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +11 min

United Airlines , for example, has committed to net zero carbon by 2050 without any contribution from traditional carbon offsets. Southwest Airlines ' "Wanna offset carbon?" Consumer psychology and the environmentIt's not just about the dollar amount of the carbon offset purchase in the consumer psychology. If airline travelers want to stay environmentally conscious without paying carbon offset fees, Keyes recommends choosing cheaper airlines when traveling. "It's true that we all have a part to play in reducing carbon emissions.

☆ Trump sells out of his NFT 'trading cards' depicting him as a hero, raking in over $1 million: report
▼ + stars: | 2022-12-16 | by ( Kayla Gallagher | ) www.businessinsider.com time to read: +3 min

Donald Trump's recent "major" announcement was that he was selling NFT 'trading cards' of himself. The cards sold out early Friday and some buyers were entered to win a "priceless" meeting at Mar-a-Lago. Trump's "major" announcement came on Thursday when he released limited edition virtual trading cards, which he likened to baseball cards. The trading cards, which were licensed and owned by NFT INT LLC, not Trump or the Trump Organization, featured images Trump says pertain to his own life, showing him as a racecar driver, astronaut, boxer, sheriff, and elephant rider. One card featuring Trump holding the Statue of Liberty's torch, was selling for nearly $24,000, according to Open Sea.

This one holds 25 ounces of water, more than a standard water bottle, and it's way cuter than having cups all over your nightstand. Baggu socksIllustration by Elham AtaeiazarPrice: $14 "These socks are fun and cozy, but a little on the pricey side. MoMA card holderIllustration by Elham AtaeiazarPrice: $16 "I never knew how much I hated my wallet until my mom gave me a card holder. BraletteIllustration by Elham AtaeiazarPrice: $15 "A bralette might not seem like a typical gift, but hear me out. A dozen macarons variésIllustration by Elham AtaeiazarPrice: $5.50 "This Trader Joe's treat was my first introduction to macarons, and I haven't looked back since.

☆ Aldi customers are scrambling to buy a $13 dress. That's the power of its 'treasure hunt' Aldi Deals aisle.
▼ + stars: | 2022-12-16 | by ( Mary Meisenzahl | ) www.businessinsider.com time to read: +4 min

A limited-edition Aldi dress gained traction in a Facebook group of 1.5 million members. The dress was a feature in the Aldi Finds aisle, which is responsible for about 20% of total sales. The wrap-style dress from the brand Serra was featured in Aldi's weekly "Aldi Finds" advertisement for the week of November 9. Aldi's "Aldi Finds" aisle is a grab bag of products that changes throughout the year. Aldi did not respond to Insider's request for comment, but as Aldi plans to continue its rapid expansion, its Aldi Finds aisle likely will remain a key part of future store designs.

☆ Trump fans who buy a $99 NFT of him as a superhero will be entered to win a 'priceless' meeting at Mar-a-Lago — but they'll have to cover their own travel and lodging expenses
▼ + stars: | 2022-12-16 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +2 min

Former President Donald Trump on Thursday announced digital trading card NFTs featuring him. Money from sales of the NFTs will not go to the Trump campaign, according to the website. The trading cards are being sold as non-fungible tokens, or NFTs, for $99 each. The website also approximated the cash value of the prizes that include meeting Trump as "$0/priceless." Collect all of your favorite Trump Digital Trading Cards, very much like a baseball card, but hopefully much more exciting."

At trial, Milton was convicted on one count of securities fraud and two counts of wire fraud. In court papers on Thursday, Milton said that one juror had said during jury selection that she did not use social media and got her news via YouTube. But a review of what Milton said were her social media accounts implied that she read many news sources and showed that she had posted about income inequality, Milton said. If the judge does not grant a new trial, he should hold a hearing to question the juror about whether she lied in court, Milton wrote. Reporting by Jody Godoy in New York; Editing by Noeleen Walder and Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

☆ China's retail sales shrink far more than expected, while industrial production disappoints
▼ + stars: | 2022-12-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — China reported economic data Thursday that missed expectations across the board during a month in which widespread Covid controls weighed on growth. Retail sales fell by 5.9% in November from a year ago, the National Bureau of Statistics said. Industrial production grew by 2.2% in November from a year ago, missing Reuters' forecast for a 3.6% increase. The reported pace was also slower than the 5% increase in October. Fixed asset investment for the year through November slowed to 5.3% year-on-year growth, missing Reuters' expectations for a 5.6% increase.

☆ How Long Until Christmas? Check the Beef Jerky Advent Calendar
▼ + stars: | 2022-12-14 | by ( Kathryn Dill | ) www.wsj.com time to read: 1 min

Around 10 a.m. each day in December, Emma Lord goes into her New York City kitchen and, brimming with anticipation, plucks a one-ounce jam jar with a gingham-print lid from a tiny cardboard window. Will today’s flavor be strawberry-rhubarb? Or dragonfruit? Could it be honey? “The honey day is always an extremely controversial day for me,” said Ms. Lord, who along with tens of thousands of other Yuletide preserves enthusiasts counts down the days to Christmas each year with food-maker Bonne Maman’s Advent calendar.

☆ The Washington Post will conduct layoffs as it reorients company for future, its publisher says
▼ + stars: | 2022-12-14 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

New York CNN —The Washington Post will conduct targeted layoffs in the coming year as it reorients itself for the future and reinvests in other areas, publisher Fred Ryan told staffers in a contentious town hall Wednesday, people familiar with the matter told CNN. Ryan’s Wednesday town hall had been hotly anticipated in the newsroom after the decision to cut the Sunday magazine. “Democracy Dies in Darkness, right?”Ryan, however, walked off stage as he was peppered with questions, people familiar with the matter told CNN. “We are not going to turn the town hall into a grievance session,” Ryan said. “I’m sorry, thank you.”When one staffer asked for additional details about the impending layoffs, Ryan said, “We will have more information as we move forward.”

☆ Why Europe's efforts to open up the iPhone won't hurt Apple too much
▼ + stars: | 2022-12-14 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Now, Apple is reportedly working to follow a law that could force major changes to the iPhone and disrupt Apple's lucrative app distribution model. Apple is developing software to comply with new European Union requirements scheduled to go into effect in 2024, according to Bloomberg News. Currently, the iPhone's App Store is the only way to download software onto iPhones. Apple makes a huge amount of profit from its App Store, which takes a cut of up to 30% from digital sales made through any app it distributes. Apple reported $394 billion in total sales, with $78 billion coming from services, in its 2022 fiscal year, which ended in September.

☆ The stock market will jump 18% in 2023 as this year's crises become next year's opportunities and the economy heads for a soft landing, Fundstrat's Tom Lee says
▼ + stars: | 2022-12-14 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market will rally 18% in 2023 as the economy sticks a soft landing, Fundstrat's Tom Lee said. Fundstrat's 2023 outlook for the S&P 500 to end the year at 4,750 is the most bullish forecast on Wall Street. Lee set a 2023 year-end price target of 4,750 for the S&P 500, representing the most bullish forecast on Wall Street so far. That hasn't happened in over two decades, as Wall Street strategists typically forecasts a 10% gain in the year-ahead. Therefore, Lee ultimately expects S&P 500 earnings per share to "grow modestly" in 2023 to $250, from an estimated $220 in 2022.

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A combination of targeted subsidies and local demand will help. China's dependence on foreign suppliers for lithography machines, used to print patterns onto silicon wafers, light-resistant wafer coatings known as photoresists and other vital tools cannot be understated. A 2021 report found that Chinese chipmakers buy less than a fifth of their equipment by value from local suppliers and that the country has localised less than 8% of annual equipment demand. China's equipment specialists, such as little-known firms NAURA Technology Group (002371.SZ) and Advanced Micro-Fabrication Equipment (688012.SS), are probably too small to effectively absorb massive amounts of government funding anyway. The majority of the funds will be used to subsidise the purchase of domestic semiconductor equipment by Chinese chipmakers.

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