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☆ Taylor Swift's tour promoter says it had no choice but to work with Ticketmaster
▼ + stars: | 2022-11-22 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Taylor Swift's tour promoter is shifting blame for the botched "Eras" ticket sale squarely onto Ticketmaster, potentially fueling even more concerns about the Live Nation-owned ticket seller's dominant role in the industry. AEG Presents, the company in charge of handling Swift's upcoming tour, has rejected claims made by Ticketmaster and Live Nation's largest shareholder, Liberty Media, that the promoter chose to work with the ticketing site. Lawmakers, like Rep. Alexandria Ocasio-Cortez, D-N.Y., called for more oversight on Live Nation, which merged with Ticketmaster in 2010, expressing antitrust concerns. They have called on the Department of Justice to investigate Ticketmaster and Live Nation for "hiking up ticket prices" and "charging rip-off junk fees." On Friday, The New York Times reported the Justice Department had already opened an antitrust investigation into Live Nation's practices prior to the Swift ticket sale fiasco.

☆ Microsoft's latest data on hacks and why you may need new login, passwords fast
▼ + stars: | 2022-11-21 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +7 min

That's a 74% rise in one year, according to the latest Microsoft Digital Defense Report. But many people still rely on passwords, and don't even use the two-factor authentication now considered critical. "As long as passwords are still part of the equation, they're vulnerable," Joy Chik, Microsoft's vice president of identity, wrote in a September 2021 company blog post. Based on a sample of more than 39 million IoT and OT devices, about 20% used identical usernames and passwords, according to the Microsoft report. Even if a provider doesn't require it to be used, multi-factor authentication is a valuable security tool that's underutilized, according to security professionals.

☆ Taylor Swift public ticket sale on Friday is canceled, Ticketmaster says. But the secondary market can be 'buyer beware'
▼ + stars: | 2022-11-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Kevin Mazur | Wireimage | Getty ImagesDeals for hot tickets, you're virtually not going to find one. Why concert tickets are a 'buyer beware' marketSome Taylor Swift fans who bought seemingly legitimate tickets have already discovered they were duped. Buying tickets on the "secondary market" poses an elevated risk of fraud and/or exorbitant prices for consumers, entertainment-industry experts warned. "There are almost so many [secondary sellers] that you just can't keep up," Cobb said. Of course, this isn't to say secondary sellers are grifters in all circumstances.

☆ One of the richest self-made women in US real estate says it's still a good time to buy and shares the top 5 things that could give a buyer a competitive edge.
▼ + stars: | 2022-11-08 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

She doesn't believe mortgage rates will return to 3% because that is very low. Mortgage rates have just about doubled from where they were this time last year. If you zoom out and look at where interest rates have been, you'd realize that historically, 7% is just about average, she noted. If you're a first-time buyer, you could qualify for a Federal Housing Administration loan (FHA), which requires a lower down payment but could still provide competitive interest rates. This will allow you to readjust when interest rates come back down.

☆ Stocks making the biggest moves midday: Carvana, Meta, Palantir, Viatris, Walgreens and more
▼ + stars: | 2022-11-07 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves midday:Carvana — Carvana shares shed more than 15%, with trading briefly halted at one point due to volatility. Walgreens raised its fiscal year 2025 sales goal for its U.S. health-care business to $14.5 billion to $16.0 billion, from $11.0 billion to $12.0 billion to account for the deal. Viatris — The global health-care company rallied 16% after it announced it intends to create an ophthalmology franchise by acquiring Oyster Point Pharma and Famy Life Sciences. The toymaker's shares shed nearly 60% last Friday after it delivered disappointing quarterly results and issued a weak forward guidance that included a fourth-quarter loss. DoorDash — Shares of the food delivery company rallied 2.5% after being upgraded by Oppenheimer to outperform from perform.

☆ Carvana tumbles after posting declines in nearly every aspect of the car reseller's business
▼ + stars: | 2022-11-03 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

The stock fell by more than 7% during after-hours trading, quickly erasing a 6.5% gain from earlier in the trading day. Shares of the company have been nearly cut in half this year, as used vehicle sales and elevated prices cooled off from record highs. The used vehicle market a year ago was significantly elevated as consumers who couldn't find or afford to purchase a new vehicle opted for a pre-owned car or truck. "This economic environment remains uncertain, but we are focused squarely on the goal of driving the business to profitability," Carvana CEO and cofounder Ernie Garcia said in a release. "While progress is rarely linear, we remain on the path to becoming the largest and most profitable auto retailer."

To buy a house, you should first team up with a trustworthy real estate agent and make sure your credit is in good shape. In most cases if you plan to get a mortgage, you need a loan pre-approval in hand before you can start looking at houses. Your monthly mortgage payment will remain the same until you pay back the loan, unless you refinance. Purchase homeowner's insurance for the propertyIf the property is being financed, you will need to purchase homeowner's insurance before closing. Do a final walk-throughOnce the mortgage is obtained, the lawyers will set a date for a final walkthrough and a closing.

☆ Apple reseller Redington Q2 profit up as India sales of phones, laptops rise
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Nov 2 (Reuters) - India's biggest Apple and IT products distributor Redington Ltd (REDI.NS) on Thursday reported a 26% jump in September quarter profit on the back of buoyant domestic demand for phones, laptops and software. Consolidated profit for the three months ended Sept. 30 climbed to 3.87 billion rupees ($46.76 million) from 3.07 billion rupees a year ago, the company said in an exchange filing. The iPhone reseller's quarterly revenue rose to 190.51 billion rupees from 152.87 billion rupees a year ago, per the filing. Earnings before interest, taxes, depreciation and amortization (EBITDA), or core earnings, grew nearly 23% to 5.62 billion rupees, the company said in an investor presentation. Redington shares rose as much as 11.2% to 152.70 rupees after the earnings.

☆ Even Barry Sternlicht is getting hammered by rising rates. A recent deal his $6 billion firm backed out of shows how.
▼ + stars: | 2022-10-26 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +7 min

The scuttled deal shows how rising rates have hit Starwood CEO Barry Sternlicht's bottom line. It has canceled its plans to purchase the Stamford, Connecticut, mortgage originator Luxury Mortgage Corp., according to a person with direct knowledge of the deal. The situation with Luxury Mortgage, however, shows how rising rates have also affected Starwood's bottom line. A budding partnership was upended by rising ratesIn recent years, Starwood has become one of Luxury Mortgage's biggest customers. Luxury Mortgage's business has also been strained in recent months.

☆ I made $133,000 last year reselling on Poshmark. Here's how I started this side hustle that brings in more than my 9-to-5 and the common mistake I tell newbies to avoid.
▼ + stars: | 2022-10-25 | by ( Emily Courter | ) www.businessinsider.com time to read: +6 min

Ashley Peek started selling clothes on Poshmark when she was in college to clear out her closet. I started selling in college to clear out my closet. It didn't take long after I started reselling on Poshmark to realize I could pick up clothes at the thrift store and resell them online for a profit. I was sourcing items mostly from local consignment stores. In addition to the time spent sourcing items and shipping out sales, I'm a reselling-content creator.

☆ Electric Hummers are selling for more than $100,000 over their list price as demand outstrips supply by almost 100 to one
▼ + stars: | 2022-10-25 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

A GMC Hummer electric vehicle sold for $225,000 at a Las Vegas auction last weekend. The sale is the latest in which an electric Hummer has sold for substantially more than its list price. Just 783 trucks have been delivered so far, with a waiting list over 77,000. GMC, which produces the Hummer, did not immediately respond to a request comment on the length of the current waiting list. The 1,000 horsepower truck is a trailblazer in the world of electric vehicles, with a 350-mile range and the ability to go from 0 to 60 in about three seconds.

☆ Exclusive: Iran agrees to ship missiles, more drones to Russia, defying the West
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +7 min

Iran has denied supplying the drones to Russia, while the Kremlin on Tuesday denied its forces had used Iranian drones to attack Ukraine. Asked if Russia had used Iranian drones in its campaign in Ukraine, Kremlin spokesman Dmitry Peskov said the Kremlin did not have any information about their use. White House spokesperson Karinne Jean-Pierre also accused Tehran of lying when it said Iranian drones are not being used by Russia in Ukraine. "They (Russians) wanted to buy hundreds of our missiles, even mid-range ones, but we told them that we can ship soon a few hundred of their demanded Zolfaghar and Fateh 110 short-range, surface to surface missiles," said one of the security officials. Several senior Iranian officials are outraged about "unjust" planned sanctions on Iran over its arms shipments to Russia, said the second diplomat.

☆ Home cheat home: How real-estate agents are ripping off homebuyers
▼ + stars: | 2022-09-28 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +20 min

The other day, Linda, the real-estate agent whom my wife and I used to buy our home, called me out of the blue. Real-estate agents, like doctors, are the friendly, knowledgeable face of a bewildering, price-gouging system. If Americans paid the same rate as the British, they would save more than $72 billion a year in real-estate commissions. The potential for big money, in turn, has led more and more Americans to become real-estate agents. Every dollar that is paid out in a real-estate transaction — to sellers, agents, inspectors, insurers, and the IRS — comes from you, the buyer.

☆ A 'dystopian horror story.' Inside the thriving underground market for used Amazon seller accounts that's causing chaos, identity theft, and distrust in the company's massive online marketplace
▼ + stars: | 2022-09-19 | by ( Rob Price | Katherine Long | ) www.businessinsider.com time to read: +16 min

On Telegram and forums like Swapd and PlayerUp, a gray market for secondhand Amazon seller accounts thrives. On public Telegram groups, Amazon account sellers openly advertise their goods and how they've passed Amazon's verification checks. She'd never had an Amazon seller account and sold jewelry directly through her website. Amazon is asleep at the wheel"Amazon is asleep at the wheel," Jason Boyce, a consultant for Amazon sellers, said. AI engineer François Chollet has been plagued by counterfeiters selling fake copies of his books via Amazon accounts with stolen identities.

☆ Evercore ISI downgrades Block to underperform and slashes price target, citing growing headwinds in payments
▼ + stars: | 2022-09-14 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

Increased competition Competition in the payments space is heating up and could be a headwind for Block. In addition, given expectations for a U.S. economic slowdown, Evercore ISI now sees Block's profit growth rate continuing to decline from the second half of this year through 2024. "While cross-selling Afterpay within Seller and Cash App should help, these headwinds should sustain through 2023E," Togut said. "2022E-2024E, we forecast Afterpay's gross profit growth rate will average 13%, down from 83% and 72% in 2020 and 2021, respectively." Cash App is a different story, as Evercore ISI sees it growing gross profit in the coming quarters by utilizing new products and cross-selling.

☆ I'm a broker in Atlanta. It's the 'Hunger Games' of real estate right now — here's what buyers need to know.
▼ + stars: | 2022-08-10 | by ( Elle Hardy | ) www.businessinsider.com time to read: +8 min

The market right now is the "Hunger Games" of real estate. This means there are a lot of buyers who aren't too familiar with the Atlanta market. Atlanta property prices have been on the rise since 2017 when the median sale price was $278,00. To put it all in perspective, the average price for a two-bedroom condo in downtown Atlanta right now is $500,000. Unfortunately, all of this means that there's no value in the market right nowCash is king in this market.

☆ My husband and I made $200,000 in revenue last year on Poshmark. Here's how I went from working at Bath & Body Works to reselling full time.
▼ + stars: | 2022-07-13 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +8 min

I resell shoes on Poshmark full time under the closet name "RNZY," which is my husband, Ryan's, and my name combined. From 2013 to 2015, I worked as a Bath & Body Works store manager in Burlington, Vermont. We sold shoes and clothing, but we quickly niched down to exclusively shoes. We both realized that we enjoyed the entire process of selling shoes — sourcing, cleaning, photographing, listing, and shipping. (We search for the pair of shoes on Poshmark and select "sold items."

☆ I've flipped more than 1,000 properties worth $500 million. Here's what I've learned about real estate from my biggest losses.
▼ + stars: | 2022-04-07 | by ( Elle Hardy | ) www.businessinsider.com time to read: +10 min

John Maxim is a house flipper who learned how to do everything himself to understand the market. This opened my eyes to real estate as an avenue for making money — even with no background in it. Since I started, I've flipped more than 1,000 properties that total $500 million in real estate. I've learned a lot about renovations the hard wayBefore and after a kitchen flip. Keep an eye on what things really cost, including the value of your time and the future value of your money.

☆ The CEO of a cannabis company involved in a bitter dispute over a lucrative New York license blasts MedMen and says the feud makes the entire industry look bad
▼ + stars: | 2022-03-14 | by ( Jeremy Berke | Yeji Jesse Lee | ) www.businessinsider.com time to read: +4 min

Ascend Wellness and MedMen are stuck in a heated feud over a lucrative New York cannabis license. Ascend CEO Abner Kurtin said the feud made the whole industry look bad at a critical time. Ascend Wellness CEO Abner Kurtin said the feud had taught New York regulators that cannabis companies couldn't be trusted. Last year, MedMen agreed to sell its New York cannabis retail license to Ascend Wellness Holdings for $73 million. Ascend Wellness HoldingsAscend filed a lawsuit in the state's Supreme Court in January, accusing MedMen of having seller's remorse.

☆ People: Employees' well-being, diversity, and equity are key components of sustainability
▼ + stars: | 2022-03-03 | by ( Sharon Goldman | ) www.businessinsider.com time to read: +5 min

Sustainable goals include improving people's well-being, health, and equity. This article is part of the "Financing a Sustainable Future" series exploring how companies take steps to set and fund sustainable goals. That includes investing in everything from fair wages to reskilling and upskilling; health and safety; diversity, equity, and inclusion; gender equality; and fair hiring practices. For Horizon Therapeutics, a biopharmaceutical company with 1,800 employees worldwide, a key priority around diversity, equity, and inclusion is pay equity. "We have 100% pay equity at Horizon,'' said Irina Konstantinovsky, Horizon's executive vice president, chief human-resources officer, and chief diversity officer.

☆ The CEOs of Walmart and Target are warning of surging theft. Here's how a CVS exec said thieves steal $2,000 from stores in just 2 minutes
▼ + stars: | 2021-11-02 | by ( Hannah Towey | Ben Tobin | ) www.businessinsider.com time to read: +5 min

Heads at Walmart and Target have both warned that retail theft is higher than usual in 2022. CVS Health's director of organized retail crime investigations testified to Congress in 2021 about the topic. These comments come one year after Ben Dugan, the director of organized retail crime and corporate investigations at CVS Health. Organized retail crime-related events have been reported in a CVS Pharmacy store every three minutes, Dugan said at the time. "Let me just be clear about what organized retail crime is not.

☆ If you want a side hustle reselling clothing on Poshmark, start by learning all the lingo insiders use, like 'love notes' and 'bundles,' and what they mean for your business
▼ + stars: | 2020-08-03 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +9 min

The app also functions much like a social platform where sellers benefit when they share others' listings. For example, sellers can gain higher statuses as stylists or ambassadors when they promote other sellers' listings. Poshmark members, or "poshers," use a lot of phrases you may not understand if you're new to the community. ClosetA closet is a Poshmark seller's online store where they list items for sale. Users can share images and 15-second videos with their followers, similar to other apps like Instagram and Snapchat.

☆ This 37-year-old makes $100,000 in Austin, but lives in his truck and rents his condo for extra money
▼ + stars: | 2020-03-07 | by ( Emmie Martin | ) www.cnbc.com time to read: +7 min

"The primary reason I wanted to buy a condo is because rent fluctuates," he tells CNBC Make It. CNBC Make ItSo in 2017, Dishongh purchased his first home, a 600-square-foot one-bedroom condo in Austin, Texas. 'Whenever I feel like it, I can just hop back there and have a mini adventure'Originally, Dishongh wanted to live in a van full-time, travel the U.S. and work remotely. He realized that it made more financial sense for him to take on a fixed mortgage payment, rather than watch his rent continue to rise. The low down payment allowed him to funnel more money into renovating his new place from top to bottom.

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