Hard

Meet FatFIRE, the community of people who work as hard as they can to retire early on 'a massive stash'

Meet FatFIRE, the community of people who work as hard as they can to retire early on ‘a massive stash’

Joshua decided to take stock of his life around a year ago. He had just turned 33 and, after almost a decade of working six days a week at a startup that had reached a nine-figure valuation, he had squirreled away $2 million in liquid capital, $10 million in illiquid stock options, and a couple …

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It's not hard to see how the Murdochs inspired 'Succession'

It’s not hard to see how the Murdochs inspired ‘Succession’

The actors and creators of the award-winning series, which will compete for more statues at Monday’s Emmy Awards, insist that the characters are inspired by a long list of family-run dynastic enterprises — both past and present. Showrunner Jesse Armstrong said in one behind-the-scenes interview that the writers pulled from “famous media families like the …

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Will the Federal Reserve kill the stock-market bounce?

Bad news for stocks: Fed will be surprised how hard rate hikes hit economy, says BlackRock

Federal Reserve policy makers are about to surprise themselves — and not in a good way when it comes to stocks and other assets perceived as risky, according to analysts at BlackRock Investment Institute. BlackRock has argued that investors are dealing with a “regime shift” as the COVID-19 pandemic upended an unusual period of mild …

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Why The Fed Can’t Avoid Hard Landing For The Economy

Federal Reserve chief Jerome Powell, with his Aug. 26 Jackson Hole speech, ditched his optimism that policymakers can engineer a soft landing for the U.S. economy, skirting recession. The new goal: avoiding a major crash. X Powell signaled that the Fed will keep policy tighter for longer, grounding the economy to avoid turning the current …

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"Quiet quitting": A revolution in how we work or the end of working hard?

“Quiet quitting”: A revolution in how we work or the end of working hard?

There’s a new term for clocking in and doing the bare minimum at work: “quiet quitting.” The phrase is percolating through career sites like LinkedIn, where some job coaches and executives are cautioning against the practice, and on TikTok, where workers are going viral by explaining why they’re jumping on the quiet-quitting bandwagon.  What everyone …

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Inflation data, concerns about 'a hard landing later': What to know this week

Inflation data, concerns about ‘a hard landing later’: What to know this week

A series of inflation reports due out this week could propel or break the market’s summer momentum. Investors will get the latest gauge of how quickly prices are rising across the U.S. economy from three releases on tap in the coming days: PPI, CPI, and unit labor costs. The readings are expected to influence how …

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‘Savings are gonna run out’: Already battered by high inflation, Fed’s rate hike will hit lower-income and rural Americans hard

‘Savings are gonna run out’: Already battered by high inflation, Fed’s rate hike will hit lower-income and rural Americans hard

The Federal Reserve hiked its benchmark rate by 0.75 percentage points on Wednesday in an effort to temper the rising costs of consumer goods and services.  While economists say raising the interest rate will help cool consumer demand and hopefully ease record-high inflation, it will also raise the cost of borrowing for everything from houses …

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'Sexy as a tortoise': Netflix's founder describes its early success in 2002

Netflix finally told investors what they want to hear. Now comes the hard part

But investors aren’t freaking out about the number of customers bailing from the service. In fact, they’re cheering. “It was a ‘less-bad news is good news’ quarter,” analysts at Bespoke Investment Group said in a note to clients. Breaking it down: Netflix had already pushed expectations as low as it could, projecting that it would …

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Delta posts profit despite jump in costs, vows to improve reliability after airline 'pushed too hard'

Delta posts profit despite jump in costs, vows to improve reliability after airline ‘pushed too hard’

An Airbus A330-323 aircraft, operated by Delta Air Lines. Benoit Tessier | Reuters Delta Air Lines on Wednesday reported a quarterly profit thanks to travelers willing to pay up to fly, more than making up for higher costs. The carrier also vowed to improve reliability after an increase in delays and cancellations prompted it to …

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