On Gloria Richards’ first day of work, she was dropped off at an airport, introduced to children she’d never met and flown on a private jet to a rented-out resort in Barbados. The 34-year-old is primarily an actress, but on the side, she’s a travel nanny for billionaires in New …
Read More »Monthly Archives: April 2023
73% of millennials are living paycheck to paycheck, new report finds
Some good news: Overall, fewer Americans are living paycheck to paycheck. As of March, the share of adults feeling stretched too thin fell to 60% from 62% in the previous month, according to a new LendingClub report. Many consumers have scaled back or picked up a side job to help make …
Read More »Bed Bath & Beyond store closures kick off land grab
A closed Bed Bath & Beyond store in San Francisco, California, US, on Monday, April 24, 2023. David Paul Morris | Bloomberg | Getty Images In strip malls across the country, Bed Bath & Beyond stores have “Closing Soon” signs. For other retailers, those may as well be “For Rent” …
Read More »Ukraine should use China as leverage to win war with Russia: Finmin
Ukraine’s finance minister on Friday said Kyiv should use its bilateral relationship with China as leverage to bring an end to Russia’s full-scale invasion. His comments came shortly after a long-anticipated phone call between Ukrainian President Volodymyr Zelenskyy and Chinese President Xi Jinping. Both leaders spoke earlier this week for …
Read More »China’s top leaders say the economy doesn’t have enough ‘internal’ drive
People attend a job fair in Beijing on Aug. 26, 2022. Unemployment for young people ages 16 to 24 has remained persistently high over the last year. Jade Gao | Afp | Getty Images BEIJING — China’s top leaders said at a regular meeting Friday that domestic demand is still …
Read More »How China’s ChatGPT A.I. alternatives are doing
Baidu CTO Wang Haifeng speaks at the unveiling of Baidus AI chatbot Ernie Bot at an event in Beijing on March 16, 2023. Michael Zhang | Afp | Getty Images BEIJING — More than two months since the ChatGPT craze hit China, a similar artificial intelligence-based product has yet to …
Read More »PlayStation 5 sales hit all-time high, profit hits record
Sony aims to sell 18 million PlayStation 5 consoles in its financial year ending in March 2023. Thiago Prudencio | Lightrocket | Getty Images Sony posted record annual operating revenue on Friday, helped by its chip division and sales of its flagship PlayStation 5 gaming console which hit a record …
Read More »Obesity drugs to be worth $200 billion in next 10 years, Barclays says
The burgeoning weight-loss drug industry, which is whetting investors’ appetites with its pledge of combatting global obesity rates, could be worth as much as $200 billion within the next decade, according to Barclays bank. Dubbing obesity “the story of this decade,” Barclays’ head of European pharmaceuticals equity research said that, …
Read More »Microsoft’s big bet on cloud gaming is what tripped up Activision deal
Microsoft has invested huge amounts of capital and time into making cloud gaming a core part of its gaming offering. Peter Summers | Getty Images When Microsoft announced its offer to buy Activision Blizzard for $68.7 billion, it marked one of the biggest acquisitions in video game history — and …
Read More »Wall Street predicted a big surge for oil this year. But prices are now lower
Oil prices were rattled by the collapse of several U.S. and European lenders earlier this spring, which discouraged volatility-adverse investors from historically riskier assets, such as commodities. Bloomberg | Bloomberg | Getty Images A surprise decision by several OPEC+ producers to voluntarily cut output earlier this month had pushed analyst …
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