Author: Press Room

More than one-third of family offices had at least one cyberattack in 2022. Firms that serve the wealthy spend too little to fend off email hacks and ransomware. Insider spoke to EY about why the rich skimp on security and how they can protect themselves. When it comes to fending off hackers and other cyber threats, the world’s richest people can be surprisingly stingy. Many set up family offices to manage their affairs with these firms ranging from hedge-fund-esque vehicles with chief investment officers to small operations with a few employees who handle bill pay. Analysis of North American families by…

Many influencers land paid partnerships by reaching out directly to brands. Some slide into a company’s DMs on Instagram or TikTok, while others email the influencer team. Several influencers on YouTube, Instagram, and TikTok shared the exact templates they use.  For many influencers, brand collaborations are one of the main ways to earn income, especially for those who work full-time as content creators.Making the first move by DMing or emailing a brand is usually the best way to get in touch for a potential collab, according to several influencers that Insider previously spoke with. Some influencers, like Jalyn Baiden, focus their…

The IMF has warned of a “hard landing” for the global economy if persistently troublesome inflation keeps interest rates higher for longer and amplifies financial risks.Although the fund left its overall economic forecasts largely unchanged from January in its latest World Economic Outlook, published on Tuesday, it stressed that signs of resilience alongside lower global energy and food prices masked a darker reality.Pierre-Olivier Gourinchas, the IMF’s chief economist, said: “Below the surface . . . turbulence is building, and the situation is quite fragile”.“Inflation is much stickier than anticipated even a few months ago,” he said. “More worrisome is that the sharp [monetary] policy…

First, the Shasta County Board of Supervisors in rural northern California voted to cancel its contract with Dominion Voting Systems, citing public distrust of the company’s machines. Then, the supervisors agreed to shift to hand-counting ballots in future elections after receiving written assurance from one of the most vocal 2020 election deniers – MyPillow CEO Mike Lindell – that he would provide “financial and legal” resources to the county if it faced “pushback” over the move. The decision by a majority of supervisors in this deeply conservative county to end the Dominion contract – years before its expiration date and…

Shares of Tesla Inc. TSLA, -0.30% shed 0.30% to $184.51 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.30% rising 0.30% to 33,586.52 and the NASDAQ Composite Index COMP, -0.03% falling 0.03% to 12,084.36. This was the stock’s fifth consecutive day of losses. Tesla Inc. closed $179.56 below its 52-week high ($364.07), which the company reached on April 21st. Trading volume (141.5 M) remained 27.7 million below its 50-day average volume of 169.2 M. Editor’s Note: This story was auto-generated by Automated Insights, an automation technology…

April is National Financial Literacy Month. To mark the occasion, MarketWatch will publish a series of “Financial Fitness” articles to help readers improve their fiscal health, and offer advice on how to save, invest and spend their money wisely. Read more here. Do you have the annual jitters about filing your taxes? If you want your tax return to go smoothly, experts advise filing online. The Internal Revenue Service’s backlog to process returns hovered at 2.17 million unprocessed individual returns at the end of March. That includes over half-a-million paper returns. You have been warned. Read the full article here

3/3 © Reuters. FILE PHOTO: An applicant is measured for height during a recruiting session for cabin crew jobs at Hainan Airlines in Beijing, China, March 30, 2023. REUTERS/Thomas Peter 2/3 By Sophie Yu and Brenda Goh BEIJING (Reuters) – Chinese airlines undertaking the biggest hiring drives in more than three years as travel rebounds are facing a deluge of applicants for cabin crew roles as fresh university graduates turn to the relatively high-paying career in a bleak job market. In contrast to Western countries, where cabin crew roles are relatively low-paid and mostly do not require a university degree,…

By Ambar Warrick Investing.com — Oil prices rose on Tuesday as signs of a growing rebound in Chinese travel demand pushed up hopes of increased crude consumption this year, although anticipation of more cues on the U.S. economy this week kept broader gains limited. Reuters reported that to position for an expected rebound in travel demand this year, after the country relaxed most anti-COVID restrictions. A recovery in Chinese travel demand is expected to be one of the biggest drivers of crude consumption this year. But data showed on Tuesday that read weaker than expected in March, indicating that an…

By Karen Brettell NEW YORK (Reuters) – The dollar firmed on Monday after Friday’s solid jobs report boosted expectations for a U.S. interest rate hike in May, while the yen weakened as new Bank of Japan Governor Kazuo Ueda signaled no hurry to dial back its massive stimulus. U.S. employers hired at a strong pace in March, adding 236,000 jobs that pushed unemployment down to 3.5%, signaling labor market resilience that will keep the Federal Reserve on track to raise rates again next month. “In my view the pendulum of market sentiment is going to swing back in favor of…

By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Wednesday will host a roundtable discussion on further steps to evolve the World Bank and other development lenders to tackle climate change and other global crises beyond a $5 billion annual World Bank lending expansion, the Treasury said. The discussion on the sidelines of the World Bank and International Monetary Fund Spring Meetings will bring together finance ministers from major shareholders and borrowing countries that will cover “ways to maintain momentum to evolve the multilateral development banks to better meet current challenges,” the Treasury said in a statement. The…