Author: News Room

The story behind this week’s criminal fraud charges against Charlie Javice for allegedly fabricating data to induce JPMorgan Chase to buy her start-up for $175mn follows a by-now familiar pattern.A charismatic young founder charmed a series of blue-chip establishment figures who provided advice, lent prestige and chipped in funding until the company failed to live up to its promises, and lawsuits and criminal charges followed. Javice founded Frank to help students apply for college financial aid in 2017 when she was just 24 years old and drew early backing from Apollo’s Marc Rowan as well as Israeli venture capital firm…

Introduction I have been a shareholder of the preferred shares of Seapeak (NYSE:SEAL.PA) (NYSE:SEAL.PB) for several years now. Teekay LNG Partners, the original issuer of the preferred shares, was taken private by Stonepeak, a private equity firm. While I’m usually very cautious when I see a PE firm taking the reins at a company and don’t exercise their right to call the preferred shares, pretty much every single decision made by Stonepeak appears to be in the interest of Seapeak LLC. And much to my surprise, preferred shareholders are now in a better spot than (ever) before as the private…

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XRP, the token powering Ripple’s cross-border money transfer ecosystem, exhibited exemplary performance in March alongside Bitcoin and Ethereum, as investors kept the imminent summary judgment on the lawsuit against the US Securities and Exchange Commission (SEC) in the sight glass.From the lowest price level in March at $0.3372, XRP price exploded 65% to trade new 2023 highs of $0.5847 before correcting to test support at $0.5. Support at $0.5 has been pivotal this week, as XRP tested $0.484 at some point before reclaiming its current position.XRP Topples Cardano, Becomes the 6th Largest CoinXRP’s market cap is up by 0.58% in…

The US labor market has kept trucking right along even as other areas of the economy have slowed. But that once high-octane ride is showing some signs of wear and tear amid the Federal Reserve’s yearlong efforts to cool inflation by suppressing demand. Job cuts are mounting, hiring activity is losing momentum, and uncertainty is simmering as to how the banking sector’s recent tumult could ripple through the economy. “I think the image, for me, that most sums up where we are in the labor market is the image tweeted by Bloomberg’s chief economist, which shows that mentions of job…

In 2020, at the height of the Covid-19 pandemic, Aspen Tucker was working as a staff nurse at a hospital in his native Spartanburg, South Carolina, making roughly $2,000 per biweekly paycheck. When he saw a posting for a travel-nursing job in Amarillo, Texas, paying $6,700 a week, he was practically on the next flight.”I hate to say this, but I didn’t give notice. I got my stuff, went to Texas, and told my manager when I got there, ‘I’m sorry, I’ve got to go. This is a once-in-a-lifetime opportunity,'” Tucker told CNBC Make It.Tucker, now 29, has been on…

I never pictured myself living in a tiny home, but now I can’t imagine my life without it.In 2018, my marriage of 18 years ended. I had been living in a four-bedroom, three-bathroom, 3,000-square-foot house near Boulder, Colorado with my now ex-husband, our two kids and dogs.I was ready for a change of scenery. But the houses for sale in my area were out of my budget, so I had to get creative. When I saw a trend of tiny houses on social media, I was immediately intrigued and decided to go for it.Today, I live in a 520-square-foot house…

Bikini baristas have scored a win in Washington state after a long legal battle on acceptable attire.  The city council of Everett — a city north of Seattle — voted this week in favor of a $500,000 settlement with local business owner Jovanna Edge and her employees at the Hillbilly Hotties coffee stand.Edge and employees Natalie Bjerke, Matteson Hernandez, Leah Humphrey, Amelia Powell and Liberty Ziska filed a legal complaint that city ordinances requiring quick-service employees to wear at least a tank top and shorts violated their First Amendment rights, according to The Daily Herald. STARBUCKS CUSTOMERS SAY OLIVE OIL-INFUSED…

Many Americans lack a basic understanding of how long they tend to live in retirement and may be at risk of outliving their savings, a recent survey said. Sixty-three percent of American adults are working with inaccurate longevity measures when they plan for retirement, according to the most recent TIAA Institute- Global Financial Literacy Excellence Center (GFLEC) Personal Finance Index survey. The survey asked respondents to gauge the life expectancy of a 60-year-old: 10% overestimated life expectancy, 28% said they didn’t know and 25% underestimated it. The low rate of longevity literacy may signal that Americans may not be saving enough for…