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Monthly Archives: May 2023

Starbucks won’t benefit from China’s post-Covid recovery

Starbucks opened its 6,000 store in mainland China in September 2022. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese consumer spending won’t return to pre-Covid levels anytime soon, a problem for international brands such as Starbucks, Morgan Stanley said in a report Sunday. Not only are people more cautious, …

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Turkey’s lira sinks to near record low as Erdogan is reelected

A man holding a Turkish flag. Uriel Sinai | Getty Images The Turkish lira sank Monday as incumbent Recep Tayyip Erdogan secured his victory in the 2023 presidential election, extending his rule into a third decade in power. The currency was trading at 19.97 against the greenback as of Monday …

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Major central banks were expected to pause rate hikes soon. Now it’s not so clear cut

Traders react as Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen, on the floor of the New York Stock Exchange (NYSE) in New York City, March 22, 2023. Brendan McDermid | Reuters The market has long been pricing in interest rate cuts from major central banks …

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Turkey’s President Erdogan seals election victory to enter third decade in power

Turkey’s President and leader of the Justice and Development (AK) Party Recep Tayyip Erdogan delivers a speech during his partys group meeting at the Turkish Grand National Assembly (TGNA) in Ankara, on May 18, 2022. Adem Altan | AFP | Getty Images Turkish media reported on Sunday that Recep Tayyip …

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Gloria Richards’ lucrative side hustle: Nannying for the ultra-wealthy

When Gloria Richards isn’t acting on off-Broadway stages, she travels with billionaires’ kids, often whom she’s never met, across the world. Richards spends half of each year nannying for the ultra-wealthy to supplement her income between off-Broadway and one-woman shows in New York City and Virginia. The gig pays her …

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Content creators bring in thousands filming weddings for TikTok and Instagram

When Alejandra Hernandez got married in April 2022, she sat her 14 bridesmaids down the night before the wedding with one request: “Please capture as much of my wedding as possible. I want to be able to look back on this and have that behind-the-scenes content.” She knows it was …

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Free wellness activities in 5 major U.S. cities

If you’re looking for ways to unwind but still stick to your budget, there are free or low-cost events and activities in major cities throughout the U.S. that can help boost happiness and improve your overall wellness. Opportunities like these are especially popular during the spring and summer months. From …

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Erdogan ahead after acrimonious campaigns

People walk past an election campaign poster for Turkey’s President Recep Tayyip Erdogan on May 25, 2023 in Istanbul, Turkey. The country is holding its first presidential runoff election after neither candidate earned more than 50% of the vote in the May 14 election. Chris Mcgrath | Getty Images News …

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Microsoft keyboard users ‘so devastated’ as accessories discontinued

Brittany Matter’s home desk features the mouse, keyboard and number pad that come in the Microsoft Sculpt Ergonomic Desktop set, which has been discontinued. She sticks the keyboard in a backpack when she travels, because she likes to be comfortable when she works. Brittany Matter When Microsoft CEO Satya Nadella …

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The ‘stupidest’ myths I’ve heard about early retirement

Steve Adcock knows a thing or two about early retirement. In 2016, after years of climbing the corporate ladder, living frugally and investing the excess cash he saved, Adcock retired at age 35 with about $900,000. Soon, with the help of an upwardly trending stock market, he and his wife …

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