Author: arthursheikin@gmail.com

[ad_1] Facebook Tweet Email Link When Ethan lost $11,000 on a single hockey game this past March, it was the last straw. Ethan, who declined to share his last name out of fear of losing his job, bet “the spread’” on a Hurricanes-Flames hockey game. That means a team doesn’t just need to win – they must win by more than a certain number of points. The Hurricanes did come out on top – but by only one point, not the two-plus Ethan needed. Ethan, 27, broke down and cried in front of his girlfriend. He couldn’t do it anymore.…

[ad_1] Facebook Tweet Email Link New York  —  President Donald Trump has realigned global trade and American politics, ushering in a new era in which pay-to-play appears to be the new norm, and every interaction is a chance to score some extra cash — even if it means starting a global trade war or demanding a payout from America’s own industries. ICYMI: American chipmakers Nvidia and AMD agreed to pay the US government 15% of their revenues from semiconductor sales to China in exchange for export licenses. It’s an unorthodox (and potentially illegal) arrangement which, at minimum, offers Trump a…

[ad_1] Facebook Tweet Email Link A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. NEW YORK  —  If you happened to glance at Tesla’s second-quarter earnings report Wednesday night, you might not be surprised that the company’s stock was getting pummeled on Wall Street Thursday morning. Put simply: sales are in freefall, profits have been shrinking for three straight quarters and the US government is about to cut off a crucial revenue stream. But if you just listened in on the company’s call with analysts, you would…

[ad_1] Federal agencies Race & ethnicity Donald Trump Interest rates See all topics Facebook Tweet Email Link Washington  —  President Donald Trump on Monday said he had fired Federal Reserve Governor Lisa Cook — the first Fed governor ever to be placed in that position — citing allegations of mortgage fraud. But before the Trump administration thrust Cook into the spotlight, she was already known for being a trailblazer. In 2022, Cook became the first Black woman to serve on the Fed’s Board of Governors, appointed by President Joe Biden. Now her term, which was slated to run through January…

[ad_1] Facebook Tweet Email Link It is the high-octane toy for those who have everything: an underwater jetpack that allows you to zip beneath the surface of the ocean – for as long as you can hold your breath. Described by its makers as an “innovation for those who demand the extraordinary,” the CudaJet is aimed at adrenaline junkies with deep pockets. Priced at a shade below $30,000, the device enables users to experience “weightless flight” at a speed of up to 3 meters/9.8 feet per second, according to the company behind the jetpack. The design comprises the compact jetpack…

[ad_1] Facebook Tweet Email Link Reuters  —  Soho House is going private in a $2.7 billion deal led by New York-based MCR Hotels, capping a turbulent market run and financial struggles for the operator of high-end members’ clubs since it went public in 2021. Shareholders of Soho will get $9 per share, the company said Monday, a 17.8% premium to Friday’s closing price. Actor and tech investor Ashton Kutcher will also be joining Soho’s board following the deal, and the company named hospitality veteran Neil Thomson as chief financial officer to succeed Thomas Allen. Soho was started by restaurateur Nick…

[ad_1] Facebook Tweet Email Link Historians and researchers are expressing “grave concern” about President Trump’s push to purge museums of information he dislikes. “Such political interference stands to impose a single and flawed view of American history onto the Smithsonian, placing at risk the integrity and accuracy of historical interpretation,” Sarah Weicksel, executive director of the American Historical Association, told CNN Wednesday. “Such actions diminish our shared past and threaten to erode the public’s trust in our shared institutions.” Weicksel said she has been fielding messages of concern not just from fellow historians, but also from people with no professional…

[ad_1] The average salary in the New York Metropolitan area is around $84,500 a year, but to live comfortably, you should make $136,500, if you follow the 50/30/20 budget rule, where 50% is spent on needs, 30% on wants, and 20% for savings.If you’re someone between these salaries, you likely live with roommates and spend most of your income on daily expenses. You may be struggling to pay down debt, save money, or spend money on non-necessities. You certainly are not able to do all three.I almost became another one of these struggling New Yorkers, desperately dreaming of the day…

[ad_1] It turns out you can find common ground with almost anyone.Zohran Mamdani, the leading New York City mayoral candidate and a Democratic Socialist, said that Elon Musk got at least one thing right about politics.”We’ve allowed someone like Elon Musk to make it seem as if the concerns of fraud and efficiency and waste, even quality of life — that these are somehow right wing concerns,” Mamdani said at Crain’s New York Business Mayoral Forum on October 8. “These should be at the heart of any politics for working class people.”On the surface, Mamdani and Musk have very little…

[ad_1] Though I grew up in Scotland and now live in Ireland (both of which are gorgeous), I’m a sun seeker and not sure where I want to settle when I retire. The best way to find out, though, is to give different countries a try.So, in August 2023, I arranged my projects so I could spend a whole month scoping out a spot on my list of possible places to live: Malta.Though the country is undeniably lovely, I realized after visiting for a month that it isn’t actually my ideal forever home.Don’t get me wrong — Malta has a…