Even though George Botelho is on the road to eventual student loan forgiveness, he said that between monthly debt payments and weekly alimony payments, money is tight for him Manuel Vquez Carazo / EyeEm George Botelho owes more than $273,000 in student loan debt that helped his kids go to college. He lives in his…
Monthly Archives: August 2022
Image-sharing app Pinterest first traded on the New York Stock Exchange in 2019. Richard Drew/AP Photo Pinterest shares rose 19% in Tuesday’s premarket despite disappointing earnings. Activist investor Elliott Management confirmed it holds a 9% stake in the company, triggering the rally. “Our conviction in the value-creation opportunity at Pinterest today has led us to…
KLM Royal Dutch Airlines Boeing 777-300. Nicolas Economou/NurPhoto/Getty Images Dutch carrier KLM has cancelled the most flights compared to other major European airlines. KLM cancelled 5.8% of flights according to a list of 19 competitors, reported by Bloomberg. Compensation for flight delays cost the airline over $70 million during the second quarter of 2022. Air…
The excitement over social audio is palpable, judging by the number of companies building out apps like Clubhouse or features to support it.However, marketers should be aware of potential drawbacks of entering social audio right now.Do you work in the Marketing, Media & Advertising industry? Get business insights on the latest tech innovations, market trends,…
Ariel view of residential neighborhood. Getty Images. A typical real-estate cycle occurs in four phases: expansion, hyper supply, recession and recovery. But hyper supply is missing from this current cycle, and experts can’t agree on what will come next. Some say a correction, while others believe a dramatic downturn is in store. Rising inflation and…
House Speaker Nancy Pelosi. Kent Nishimura / Los Angeles Times via Getty Images A US Air Force plane was over Southeast Asia on Tuesday, potentially with Nancy Pelosi on board. Flight data showed the jet tracing a circuitous route that could bring Pelosi to Taiwan. The prospect of a visit enraged China, which claims Taiwan…
Jeremy Siegel, professor of finance at the Wharton School of the University of Pennsylvania. Scott Mlyn/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images The Federal Reserve is closer to ending its series of rate hikes, Wharton professor Jeremy Siegel told CNBC on Monday. Market investors want the Fed to consider that forward-looking inflation has cooled considerably, the…
A Dollar General store in Amenia, New York. Landon Speers for Insider Shoppers are feeling the effects of soaring inflation in the US. Many are switching to dollar stores or bulk buying items to cope with rising prices. One shopper told the WSJ they were eating mainly canned goods from their local dollar store. Shoppers…
Then-President Donald Trump and then-Secretary of State Mike Pompeo in the White House. Alex Wong/Getty Images The al-Qaeda leader Ayman al-Zawahiri was killed by a US drone strike, Biden announced Monday. Then-President Trump had the option to kill al-Zawahiri, but chose not to, NBC reported in 2020. Trump wanted to kill Osama bin Laden’s son…
It’s the end of an era at the company formerly known as Facebook. Sheryl Sandberg has officially stepped down as Chief Operating Officer on August 1st, as revealed by a SEC filing noticed by TechCrunch. In the filing, Meta said Javier Olivan is now the company’s COO and that Sandberg will only remain an employe…