Author: Press Room

Washington voters will decide the fate of the state’s path-breaking public long-term care insurance program in a referendum this Fall. If adopted, Initiative 2124 would make participation in the Washington Cares program voluntary, effectively killing it. The effort, largely bankrolled by hedge fund manager Brian Heywood and backed by prominent state Republicans, is the latest attempt by conservatives to dismantle the program. Last summer, Washington began collecting a 0.58 percent payroll tax to fund the program. It will provide a maximum benefit of $36,500, adjusted for inflation, starting in 2026. The tax is equal to roughly $400 annually for an…

Jenny Woo came up with her seven-figure side hustle in a classroom.She was working on her master’s degree in education at Harvard University, learning about emotional intelligence and child development. The former C-suite consultant and school director thought just about everyone could benefit from learning more about both.She wasn’t sure how to make the topics easy or interesting to learn, until her professor passed out a deck of cards to play with in class. At that moment, she says, it clicked: She could make an EQ game.Woo spent roughly $1,000 from her savings to launch her side hustle, Mind Brain…

In April 2023, my director-level job in real estate management got eliminated. I allowed myself a small window to mourn, and then decided to view the layoff as an opportunity instead of a loss. I’d been longing for a career change, and here was my chance to pursue a path that gave me a greater sense of purpose.But I never expected to still be unemployed as the holidays approached. I had applied to hundreds of jobs but landed only two interviews and received zero job offers.In early December, I applied online for a seasonal position with Target completely on a…

Caitlin Clark, the University of Iowa athlete who last week became the all-time leading scorer in NCAA women’s basketball, is breaking more records. Clark’s jerseys and shirts bearing her name are flying off the (virtual) shelves at Fanatics, with the guard becoming the online retailer’s top-selling college athlete since it began selling collegiate athletic apparel in 2022, the website told CNN. A 2021 Supreme Court ruling allowed student athletes to make money off their personal brand — their name, image and likeness, known as NIL. That meant athletes, like Clark, could start making money off their likeness. Soon after, stores were also…

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Last updated: February 21, 2024 08:47 EST | 2 min read Crypto’s favourite memecoin, Dogecoin (DOGE), is dipping today amidst a broad pullback led by altcoins.DOGE shed 4.9% of its value overnight to trade at $0.83404 at the time of writing, according to CoinGecko. Its price is only nominally higher than it was seven days ago.On the other hand, market leaders Bitcoin and Ethereum posted overnight pullbacks of 1.9% and 0.4%.In general, altcoins lost the most in the last 24 hours. Among the top 10 cryptocurrencies by market capitalization, Solana (SOL), Cardano (ADA) and Avalanche (AVAX) all dipped more than…

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The former CEO of Twitter is building an AI startup and has raised about $30 million for the venture, The Information reported. Parag Agrawal has kept a low profile since he was ousted by Elon Musk. But it appears he’s been working on a startup that creates software for LLM developers, The Information said, quoting unnamed sources. The report said Khosla Ventures led the funding round, while venture capital firms Index Ventures and First Round Capital also played a role. Agrawal was CEO of Twitter from November 2021 until October 2022, when he was fired by Musk. Musk’s $44 billion takeover…

The Avantis International Equity ETF (NYSEARCA:AVDE) invests across a diversified basket of foreign stocks from developed markets. The attraction here is an actively managed strategy where the investment team has the flexibility to shift allocations in an effort to enhance returns. Impressively, AVDE has outperformed benchmarks and comparable ETFs since the fund inception date in 2019 with an overall solid record. We view AVDE as a good option for investors as a core portfolio holding to capture strategic long-term exposure to this important market segment. In the context of the current market environment, we expect AVDE to continue benefiting from…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Walmart said prices for some of its products did not decline as much as it had anticipated during the most recent quarter, reflecting the sticky inflationary environment in the US that is prompting investors to reassess when the central bank will start cutting interest rates.Chief executive Doug McMillon said in November that the world’s largest retailer could find itself “managing a period of deflation” in early 2024, in what may have been an encouraging sign for the broader economy given Walmart’s reputation…