Monthly Archives: July 2022

8 ways entrepreneurs can earn passive income and increase their earnings

Lynette Adkins is a 23-year-old YouTube content creator in Austin, Texas. Lynette Adkins With a downturn possibly on the way, founders are looking for ways to supplement their earnings. Passive income is a way to accumulate money without working around the clock. Business owners can look into options like YouTube and dropshipping to make passive…

Scammers are posting negative one-star reviews of restaurants on Google in extortion ploy for digital gift cards

Luchos San Francisco, one of the restaurants targeted by scammers. Yelp Scammers are flooding restaurants with one-star Google reviews as part of a new extortion ploy. The scammers demand digital gift cards in exchange for deleting the negative reviews.  Restaurants around the country, many of which have Michelin stars, have been hit by the scam. …

An employee stock ownership plan (ESOP) is a retirement benefit that makes workers part owners of the company

ESOPs give employees a stake in their employer’s success through equity ownership. Cecilie Arcurs/Getty An employee stock ownership plan provides employees with shares of a company, which makes them part owners.Most ESOPs grant employees shares outright instead of requiring them to contribute to the plans.ESOPs help employees save for retirement while providing the company tax…

Russia’s Gazprom hints at delay in resuming gas supplies to Germany with Nord Stream 1 safety warning

The EU is planning a complete ban on Russian oil imports. iznashih/Getty Images Russian state-run energy giant Gazprom said Wednesday it could not get a hold on a key part for Nord Stream 1 operations.  The statement hinted at uncertainty on whether gas supplies would resume to Germany.  Goldman Sachs analysts wrote last week that…

What are antitrust laws? Understanding the legislation designed to protect consumers and maintain competition

Antitrust laws play an important role in upholding a competitive marketplace for consumers. Chris Ryan/Getty Antitrust laws are legislation designed to help protect consumers and foster marketplace competition and have been around since 1890. Antitrust laws are supposed to address harmful business practices such as price fixing, bid rigging, monopolies, and other unlawful activities. The…

What is hyperinflation? Understanding the rapid increase in the cost of goods and services over time

Hyperinflation describes high levels of inflation, such as at least 50% per month. Rachel Mendelson/Insider Hyperinflation is when inflation, which impacts the cost of goods and services, rises uncontrollably for a period. Governments responding to a crisis by printing money can lead to hyperinflation. Protect wealth from hyperinflation by investing in non-cash assets, like commodities…

What are assets? The building blocks of wealth for individuals and profits for businesses

Individuals and companies manage their assets with different goals in mind. Ariel Skelley/Getty An asset is anything that an individual or business owns that has monetary value and can be sold for cash.There are four main types of assets: liquid, illiquid, tangible, and intangible.Knowing what your assets are and their value is the first step…

Nearly half of Gen Z is using TikTok and Instagram for search instead of Google, according to Google’s own data

BuzzFeed News reported Monday that TikTok’s owner ByteDance had scraped content from Instagram and Snapchat in 2017 to create fake accounts on Flipagram, TikTok’s predecessor. Here, a TikTok employee looks at his mobile phone as he walks past the logo of TikTok in a London office on February 9, 2022. Tolga Akmen/AFP via Getty Images…

Icelandair is flying its own baggage handlers to Amsterdam and back to help load and unload luggage

Savvapanf Photo/Shutterstock European carrier Icelandair is flying its own baggage handlers to Amsterdam to help load and unload luggage. A company spokesperson told Iceland media outlet RUV that the new system is working well so far. The move comes after airlines and airports struggle to successfully track and deliver bags this summer. European carrier Icelandair…

8 Prime Day deals on luggage worth caring about today, from Samsonite suitcases to a pretty Vera Bradley rolling bag

When you buy through our links, Insider may earn an affiliate commission. Learn more. Ishani Singh/Business Insider The final hours of Prime Day 2022 are ticking down, so don’t miss the chance to up your luggage game before it’s too late. There are still plenty of luggage discounts available that’ll get you smoothly from gate…