‘We may not be perfect every single time,’ The RealReal CEO tells customers after CNBC report

The RealReal CEO Julie Wainwright conceded on Wednesday that the luxury consignment marketplace’s claim of not having any fakes on its website may not be correct. “We strive for perfection, but may not be perfect every single time,” Wainwright wrote in an email to customers and consignors. In the email, Wainwright described the coverage as “attempting to discredit the business we have so proudly built.” CNBC reviewed nearly 1,400 reviews of the company online and found fakes, damage and customer


The RealReal CEO Julie Wainwright conceded on Wednesday that the luxury consignment marketplace’s claim of not having any fakes on its website may not be correct.
“We strive for perfection, but may not be perfect every single time,” Wainwright wrote in an email to customers and consignors.
In the email, Wainwright described the coverage as “attempting to discredit the business we have so proudly built.”
CNBC reviewed nearly 1,400 reviews of the company online and found fakes, damage and customer
‘We may not be perfect every single time,’ The RealReal CEO tells customers after CNBC report Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: scott zamost andrea day jennifer schlesinger, scott zamost, andrea day, jennifer schlesinger
Keywords: news, cnbc, companies, single, value, wainwright, customers, ceo, sent, realreal, email, fakes, company, perfect, site, report, items, tells


'We may not be perfect every single time,' The RealReal CEO tells customers after CNBC report

The RealReal CEO Julie Wainwright conceded on Wednesday that the luxury consignment marketplace’s claim of not having any fakes on its website may not be correct.

“We strive for perfection, but may not be perfect every single time,” Wainwright wrote in an email to customers and consignors.

Wainwright’s message was sent one day after CNBC reported that copywriters, who were hired to write descriptions of items, were verifying the authenticity of items without sufficient training. Former employees also said they were operating under strict quotas, in a culture that focused on volume. They said this could lead to fakes or mistakes on the site.

The stock of the company, which went public in June, has dropped more than 20% to trade around $17.50 since the report. It has lost about $380 million in market value, bringing its current capitalization to $1.5 billion.

The RealReal has long tried to differentiate itself from competitors by saying it has a process by which it authenticates ever item on its site to make sure there are no counterfeits.

In the email, Wainwright described the coverage as “attempting to discredit the business we have so proudly built.”

“Counterfeiting is a global issue and those engaged in its practice are egregious and relentless,” Wainwright’s email said. “Therefore, the entire team at The RealReal works diligently seven days a week to ensure the highest standards in our authentication practices.”

She added: “There is no other resale company doing more to remove fakes, and put counterfeiters out of business than The RealReal.”

CNBC reviewed nearly 1,400 reviews of the company online and found fakes, damage and customer service were the top complaints.

The day after the report, two unhappy customers who were interviewed received an email from the company, cancelling their memberships.

“It has come to our attention that The RealReal has been unable to satisfy your needs as a client. Please be advised that your membership with The RealReal has been canceled and you will no longer be able to shop or consign on our site,” the email sent to Cherish Garcia said.

Garcia, who lives in the Philippines, said The RealReal sold her a fake Prada dress in 2017 and has not used the site since.

Wendy Meltzer, who also complained about receiving a designer scarf with the wrong tag attached, which inflated its value, received a similar email on Tuesday from the company cancelling her membership. Meltzer has been a customer and consignor.

“The items you have on consignment with us are being returned along with a check for outstanding commissions,” the email said.

Below is a copy of the full email:


Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: scott zamost andrea day jennifer schlesinger, scott zamost, andrea day, jennifer schlesinger
Keywords: news, cnbc, companies, single, value, wainwright, customers, ceo, sent, realreal, email, fakes, company, perfect, site, report, items, tells


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

UBS upgrades Coca-Cola, says its stable earnings growth perfect for these ‘defensive times’

Improvements to Coca-Cola’s business strategy have the international soda maker on track for three years of better-than-expected earnings and make the company’s stock a good investment opportunity, according to UBS. The firm upgraded Coca-Cola to a buy rating from neutral. Between aggressive prices increases, its acquisition of a global coffee brand and a big global refranchising effort, shares of Coca-Cola should rally at least 16% over the next year, wrote analyst Sean King.


Improvements to Coca-Cola’s business strategy have the international soda maker on track for three years of better-than-expected earnings and make the company’s stock a good investment opportunity, according to UBS.
The firm upgraded Coca-Cola to a buy rating from neutral.
Between aggressive prices increases, its acquisition of a global coffee brand and a big global refranchising effort, shares of Coca-Cola should rally at least 16% over the next year, wrote analyst Sean King.
UBS upgrades Coca-Cola, says its stable earnings growth perfect for these ‘defensive times’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-23  Authors: thomas franck
Keywords: news, cnbc, companies, stable, upgraded, wrote, track, stock, shares, times, earnings, ubs, soda, global, strategy, ubsthe, perfect, defensive, growth, upgrades, cocacola


UBS upgrades Coca-Cola, says its stable earnings growth perfect for these 'defensive times'

Improvements to Coca-Cola’s business strategy have the international soda maker on track for three years of better-than-expected earnings and make the company’s stock a good investment opportunity, according to UBS.

The firm upgraded Coca-Cola to a buy rating from neutral.

Between aggressive prices increases, its acquisition of a global coffee brand and a big global refranchising effort, shares of Coca-Cola should rally at least 16% over the next year, wrote analyst Sean King.


Company: cnbc, Activity: cnbc, Date: 2019-10-23  Authors: thomas franck
Keywords: news, cnbc, companies, stable, upgraded, wrote, track, stock, shares, times, earnings, ubs, soda, global, strategy, ubsthe, perfect, defensive, growth, upgrades, cocacola


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

UBS upgrades Coca-Cola, says its stable earnings growth perfect for these ‘defensive times’

Improvements to Coca-Cola’s business strategy have the international soda maker on track for three years of better-than-expected earnings and make the company’s stock a good investment opportunity, according to UBS. The firm upgraded Coca-Cola to a buy rating from neutral. Between aggressive prices increases, its acquisition of a global coffee brand and a big global refranchising effort, shares of Coca-Cola should rally at least 16% over the next year, wrote analyst Sean King.


Improvements to Coca-Cola’s business strategy have the international soda maker on track for three years of better-than-expected earnings and make the company’s stock a good investment opportunity, according to UBS.
The firm upgraded Coca-Cola to a buy rating from neutral.
Between aggressive prices increases, its acquisition of a global coffee brand and a big global refranchising effort, shares of Coca-Cola should rally at least 16% over the next year, wrote analyst Sean King.
UBS upgrades Coca-Cola, says its stable earnings growth perfect for these ‘defensive times’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-23  Authors: thomas franck
Keywords: news, cnbc, companies, stable, upgraded, wrote, track, stock, shares, times, earnings, ubs, soda, global, strategy, ubsthe, perfect, defensive, growth, upgrades, cocacola


UBS upgrades Coca-Cola, says its stable earnings growth perfect for these 'defensive times'

Improvements to Coca-Cola’s business strategy have the international soda maker on track for three years of better-than-expected earnings and make the company’s stock a good investment opportunity, according to UBS.

The firm upgraded Coca-Cola to a buy rating from neutral.

Between aggressive prices increases, its acquisition of a global coffee brand and a big global refranchising effort, shares of Coca-Cola should rally at least 16% over the next year, wrote analyst Sean King.


Company: cnbc, Activity: cnbc, Date: 2019-10-23  Authors: thomas franck
Keywords: news, cnbc, companies, stable, upgraded, wrote, track, stock, shares, times, earnings, ubs, soda, global, strategy, ubsthe, perfect, defensive, growth, upgrades, cocacola


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Here’s an example of the perfect LinkedIn profile summary, according to Harvard career experts

The LinkedIn profile summarySimply signing up for an account, quickly filling in the blanks and then letting your profile remain dormant won’t do you any good. Together, they make up what’s known as your “LinkedIn profile summary,” and it’s one of the first things people see when they visit your page. Below is an example of a strong LinkedIn profile summary, according to the career experts at Harvard: *** NAME:Jessica Yan PROFESSIONAL HEADLINE:Research Scientist | Ph.D. LinkedIn profile checklis


The LinkedIn profile summarySimply signing up for an account, quickly filling in the blanks and then letting your profile remain dormant won’t do you any good. Together, they make up what’s known as your “LinkedIn profile summary,” and it’s one of the first things people see when they visit your page. Below is an example of a strong LinkedIn profile summary, according to the career experts at Harvard: *** NAME:Jessica Yan PROFESSIONAL HEADLINE:Research Scientist | Ph.D. LinkedIn profile checklis
Here’s an example of the perfect LinkedIn profile summary, according to Harvard career experts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-25  Authors: dustin mckissen
Keywords: news, cnbc, companies, times, experts, summary, harvard, help, linkedin, heres, professional, network, career, profile, perfect, according, include, example, skills


Here's an example of the perfect LinkedIn profile summary, according to Harvard career experts

If you want to have a successful career, maintaining an online presence on LinkedIn is crucial. Not only is it an effective way to network with other professionals in your field, but it can get you noticed by others and potentially land you several job opportunities. In fact, I landed a great job at a major company because I regularly updated my profile and published career-related content almost daily. (That job ultimately inspired me to start my own company.) Believe it or not, that was six years ago — and today, LinkedIn has only become increasingly important.

The LinkedIn profile summary

Simply signing up for an account, quickly filling in the blanks and then letting your profile remain dormant won’t do you any good. Of the many elements that make up a strong profile, two of the most important ones are your professional headline and “About” section, explain career experts at Harvard University’s Office for Alumni Affairs and Career Advancement. Together, they make up what’s known as your “LinkedIn profile summary,” and it’s one of the first things people see when they visit your page. Your professional headline is especially important because it’s the text that gets displayed in search results for both Google and LinkedIn. Below is an example of a strong LinkedIn profile summary, according to the career experts at Harvard: *** NAME:

Jessica Yan PROFESSIONAL HEADLINE:

Research Scientist | Ph.D. Candidate | Data Analytics, Biotech, Pharma “ABOUT” SECTION:

I’m a research scientist working to better understand how neural activity motivates and shapes human behavior. My expertise includes project design and management, data analysis and interpretation, and the development and implementation of research tools. I enjoy generating new ideas and devising feasible solutions to broadly relevant problems. My colleagues would describe me as a driven, resourceful individual who maintains a positive, proactive attitude when faced with adversity. Currently, I’m seeking opportunities that will allow me to develop and promote technologies that benefit human health. Specific fields of interest include data analytics, biotechnology, and pharmaceuticals. *** Here’s what makes it a strong profile summary: Can be skimmed in 30 seconds or less

Professional headline is below 120 characters, lists career focus and components of work

Includes industry-related keywords, core skills, strengths, talents and interests

Well written in a professional style, no spelling and grammatical mistakes

Answers questions that provides deeper insight about the individual: What makes her unique? Where is her career headed? How would others describe her? What are her values and personal traits?

LinkedIn profile checklist

While your profile summary holds major emphasis, you’ll need to spend time on savvying up the rest of it. Here’s a quick checklist of the basics to help you get started: Upload your photo . Ideally, this should be done in professional attire. Profiles with photos are 14 times more likely to be viewed, according to the career experts.

. Ideally, this should be done in professional attire. Profiles with photos are 14 times more likely to be viewed, according to the career experts. Customize your public profile URL. The address should look something like: www.linkedin.com/in/yourname. This will make it easier for you to include it on business cards, resumes and email signatures.

The address should look something like: www.linkedin.com/in/yourname. This will make it easier for you to include it on business cards, resumes and email signatures. Enhance your profile with additional sections. Displaying further information (e.g., accomplishments, skills, volunteer experience, certifications, expertise) can also increase the amount of times people view your profile, notes LinkedIn. This, in turn, can help you build your network and connect to new opportunities.

Displaying further information (e.g., accomplishments, skills, volunteer experience, certifications, expertise) can also increase the amount of times people view your profile, notes LinkedIn. This, in turn, can help you build your network and connect to new opportunities. Elaborate on your work history in the “Experience” section. Use targeted keywords and include specific information about what you’ve done in your previous positions that led to measurable results. (Don’t lie about titles or duties; you’ll likely get called out by old colleagues — and it will be embarrassing.)

Use targeted keywords and include specific information about what you’ve done in your previous positions that led to measurable results. (Don’t lie about titles or duties; you’ll likely get called out by old colleagues — and it will be embarrassing.) Education : Include, in reverse chronological order, any programs or schools you went to.

: Include, in reverse chronological order, any programs or schools you went to. Customize your “Skills & Endorsements” section. Ensuring a relevant list of skills on your profile allows others in your network to endorse you. (Skills with the most endorsements will be listed first). This will also help others understand your strengths and match you with the right opportunities.

Ensuring a relevant list of skills on your profile allows others in your network to endorse you. (Skills with the most endorsements will be listed first). This will also help others understand your strengths and match you with the right opportunities. Include recommendations. These should come from former supervisors, coworkers, clients, vendors, professors or fellow students. (Basically, anyone who will have good things to say about you and your work.)

Be an active member and build your network


Company: cnbc, Activity: cnbc, Date: 2019-09-25  Authors: dustin mckissen
Keywords: news, cnbc, companies, times, experts, summary, harvard, help, linkedin, heres, professional, network, career, profile, perfect, according, include, example, skills


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

T-Mobile’s John Legere would be ‘perfect guy’ to replace Adam Neumann at WeWork, says Yale professor

T-Mobile CEO John Legere would be a strong replacement for Adam Neumann as WeWork CEO, management specialist Jeffrey Sonnenfeld told CNBC on Tuesday. Legere is “the perfect guy for the job,” Sonnenfeld, a professor at Yale University and the founder of the nonprofit Chief Executive Leadership Institute, said on “Closing Bell.” When asked by CNBC’s Wilfred Frost if Legere would take the job, Sonnenfeld said, “I think he shouldn’t, but I think he would.” “It would be crazy for Masayoshi Son to not


T-Mobile CEO John Legere would be a strong replacement for Adam Neumann as WeWork CEO, management specialist Jeffrey Sonnenfeld told CNBC on Tuesday. Legere is “the perfect guy for the job,” Sonnenfeld, a professor at Yale University and the founder of the nonprofit Chief Executive Leadership Institute, said on “Closing Bell.” When asked by CNBC’s Wilfred Frost if Legere would take the job, Sonnenfeld said, “I think he shouldn’t, but I think he would.” “It would be crazy for Masayoshi Son to not
T-Mobile’s John Legere would be ‘perfect guy’ to replace Adam Neumann at WeWork, says Yale professor Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-24  Authors: kevin stankiewicz
Keywords: news, cnbc, companies, work, job, professor, tmobile, neumann, wework, replace, john, ceo, think, sonnenfeld, legere, tmobiles, guy, perfect, yale, weworks


T-Mobile's John Legere would be 'perfect guy' to replace Adam Neumann at WeWork, says Yale professor

T-Mobile CEO John Legere would be a strong replacement for Adam Neumann as WeWork CEO, management specialist Jeffrey Sonnenfeld told CNBC on Tuesday.

Legere is “the perfect guy for the job,” Sonnenfeld, a professor at Yale University and the founder of the nonprofit Chief Executive Leadership Institute, said on “Closing Bell.”

“He’s been very good at revivals and resuscitations,” Sonnenfeld said, pointing to Legere’s tenure at Global Crossing Ltd. after it was rocked by an accounting scandal in the early 2000s and his work building up “enormous” value at T-Mobile after AT&T dropped its bid to buy the wireless provider.

When asked by CNBC’s Wilfred Frost if Legere would take the job, Sonnenfeld said, “I think he shouldn’t, but I think he would.”

“John would know how to shape something out of this,” Sonnenfeld said.

T-Mobile didn’t not immediately respond to a request for comment.

Sonnenfeld’s remarks come just hours after Neumann said he was stepping down as CEO following controversy over WeWork’s governance and valuation. The upheaval came as the coworking provider’s parent company was heading toward an IPO.

Vice Chairman Sebastian Gunningham, who was previously an executive at Amazon, and CFO Artie Minson, formerly of AOL and Time Warner Cable, will assume the roles of co-CEOs, the company said. Neumann will be nonexecutive chairman.

Sonnenfeld said co-CEOs generally do not work, but he complimented Gunningham and Minson, calling them quality “stabilizers” on an interim basis.

In addition to his strong track record, Legere would be a good fit at WeWork because he has a relationship with SoftBank Group’s Masayoshi Son, according to Sonnenfeld.

SoftBank and its associated Vision Fund is WeWork’s largest external shareholder.

“It would be crazy for Masayoshi Son to not talk John into taking this job,” Sonnenfeld said. “Whatever it takes.”

“John would really know how to do this,” Sonnfenfeld added.

Before joining T-Mobile in 2012, Legere was at Global Crossing for more than a decade, according to Bloomberg.

In late July, the Department of Justice announced it approved a merger between Sprint and T-Mobile, though a pending lawsuit has prevented the deal from going through.


Company: cnbc, Activity: cnbc, Date: 2019-09-24  Authors: kevin stankiewicz
Keywords: news, cnbc, companies, work, job, professor, tmobile, neumann, wework, replace, john, ceo, think, sonnenfeld, legere, tmobiles, guy, perfect, yale, weworks


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Goldman has the perfect stocks to buy amid the recession and trade war fears gripping the market

Expecting the U.S. to narrowly avoid a recession, Goldman Sachs recommends one group of stocks with a good track record in this type of precarious environment: Aerospace and defense companies. As an added bonus, Goldman Sachs analyst David Kostin said aerospace and defense stocks come “with the lowest exposure to China.” The S&P 500 has historically gained 22% in the six months following an ISM contraction that doesn’t lead to a recession. “During the past 10 years, Aerospace & Defense has been


Expecting the U.S. to narrowly avoid a recession, Goldman Sachs recommends one group of stocks with a good track record in this type of precarious environment: Aerospace and defense companies. As an added bonus, Goldman Sachs analyst David Kostin said aerospace and defense stocks come “with the lowest exposure to China.” The S&P 500 has historically gained 22% in the six months following an ISM contraction that doesn’t lead to a recession. “During the past 10 years, Aerospace & Defense has been
Goldman has the perfect stocks to buy amid the recession and trade war fears gripping the market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-09  Authors: michael sheetz
Keywords: news, cnbc, companies, goldman, war, perfect, gripping, trade, buy, stocks, recession, defense, 500, kostin, aerospace, fears, market, ism, economic


Goldman has the perfect stocks to buy amid the recession and trade war fears gripping the market

Marines from 4th Tank Battalion, Twentynine Palms, Calif., roll down a dirt road on their M1A1 Abrams Main Battle Tank during a day of training.

Whether or not a recession is just around the corner is a hotly debated topic among U.S. stock market investors, especially as the trade war with China drags on and some economic indicators flash warning signs.

Expecting the U.S. to narrowly avoid a recession, Goldman Sachs recommends one group of stocks with a good track record in this type of precarious environment: Aerospace and defense companies. As an added bonus, Goldman Sachs analyst David Kostin said aerospace and defense stocks come “with the lowest exposure to China.”

Kostin’s recommendation comes as a response to the decline in the ISM manufacturing index, which last week fell below 50 points for the first time in three years. A reading below 50 indicates a contraction. While some may raise concern about the drop, Kostin called the index “an inconsistent predictor of US recessions.” But Kostin noted that, when a recession didn’t occur following the ISM dropping below 50, aerospace and defense stocks outpaced the growth of the S&P 500 in the six months after.

So in other words, when economic conditions deteriorate but ultimately do not lead to a recession, the stock market typically does well in this period with defensive-type stocks outperforming. The S&P 500 has historically gained 22% in the six months following an ISM contraction that doesn’t lead to a recession. And Aerospace/defense stocks do even better, gaining an additional 2.5% during the same period, Goldman found.

“During the past 10 years, Aerospace & Defense has been least sensitive to US and global economic growth across Industrials subsectors,” Kostin said.

The firm pointed out that the three S&P 500 aerospace and defense companies “with the lowest reported sales to Asia Pacific” are TransDigm, Huntington Ingalls and Northrop Grumman.

Goldman is bullish on stocks for the next two years, expecting the S&P 500 will climb 4% to 3100 points by the end of this year and 14% to 3400 by the end of next year.

“Our economists expect that a US recession is unlikely during the next two years,” Kostin said.

– CNBC’s Michael Bloom contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-09-09  Authors: michael sheetz
Keywords: news, cnbc, companies, goldman, war, perfect, gripping, trade, buy, stocks, recession, defense, 500, kostin, aerospace, fears, market, ism, economic


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Perfect summer storm brewing for stock correction as trade war simmers and more Fed action awaited

With new risks from trade wars, stocks head into the final weeks of summer vulnerable to a pull back or even correction. The market was down sharply in the past week, buffeted first by disappointment over the Fed’s more hawkish-than-expected policy outlook. “The real issue as to why there’s going to be a correction in our view is there’s a massive, massive vacuum here,” said Julian Emanuel, head of equity and derivative strategy at BTIG. The issues are China, the issues are the Fed and the issue


With new risks from trade wars, stocks head into the final weeks of summer vulnerable to a pull back or even correction. The market was down sharply in the past week, buffeted first by disappointment over the Fed’s more hawkish-than-expected policy outlook. “The real issue as to why there’s going to be a correction in our view is there’s a massive, massive vacuum here,” said Julian Emanuel, head of equity and derivative strategy at BTIG. The issues are China, the issues are the Fed and the issue
Perfect summer storm brewing for stock correction as trade war simmers and more Fed action awaited Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-02  Authors: patti domm
Keywords: news, cnbc, companies, china, issues, fed, going, brewing, perfect, war, stock, summer, simmers, stocks, correction, youre, storm, theres, sp, past, week, trade, tariffs


Perfect summer storm brewing for stock correction as trade war simmers and more Fed action awaited

With new risks from trade wars, stocks head into the final weeks of summer vulnerable to a pull back or even correction.

The market was down sharply in the past week, buffeted first by disappointment over the Fed’s more hawkish-than-expected policy outlook. Then they were beaten down by fears President Donald Trump is starting a new front in the trade wars with China that is unlikely to end any time soon.

“The real issue as to why there’s going to be a correction in our view is there’s a massive, massive vacuum here,” said Julian Emanuel, head of equity and derivative strategy at BTIG. “In essence, it’s a month and a half of a vacuum, if you think about the direction of the rhetoric. … The issues are China, the issues are the Fed and the issues are Brexit. In the first tow, you’re almost not going to hear anything.”

Trump, in threatening new tariffs on $300 billion in Chinese goods on Thursday, said the tariffs would go into effect on Sept. 1 unless China acts, but no new talks are expected before September. Economists said if the tariffs are put in place, the risks of a U.S. recession rise, particularly if businesses step back from investment, and possibly even hiring. But that could also prompt the Fed to cut interest rates to rescue the economy when it meets in September.

After a deluge of corporate headlines in the past several weeks, the earnings season is also winding down with just about 60 major companies reporting in the week ahead, and there are no really significant economic reports until the middle of the month.

Emanuel said the S&P 500 could see a decline to about 2,789, though he still expects to see 3,000 at the end of the year. Stocks started the past week near all-time highs, and the S&P 500 was was down more than 3% in the past week, but still up about 17% for the year-to-date. Odds are high that stocks pull back in August, since for the past eight years, the S&P 500 was negative during August in six of them.

Emanuel said if stocks decline too much or too long, he expects to see some action from the White House that will halt the selling.

“If you’re the president, there’s no way you’re going to allow an economic slowdown in an election year,” said Emanuel.


Company: cnbc, Activity: cnbc, Date: 2019-08-02  Authors: patti domm
Keywords: news, cnbc, companies, china, issues, fed, going, brewing, perfect, war, stock, summer, simmers, stocks, correction, youre, storm, theres, sp, past, week, trade, tariffs


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Wedding loans exist and couples are borrowing $11,000 on average to pay for the perfect day

Rather than looking at a credit score alone, the company evaluates education, area of study and job history when considering applicants. The average wedding loan Upstart approves is $11,000 for a three-, five- or seven-year term. Make it happen with low interest,” to market its wedding loans. However, wedding loans are more of a PR play rather than an entirely new product, experts say. Before you secure a $30,000 loan to fund your special day, check out this video to learn more about the wedding


Rather than looking at a credit score alone, the company evaluates education, area of study and job history when considering applicants. The average wedding loan Upstart approves is $11,000 for a three-, five- or seven-year term. Make it happen with low interest,” to market its wedding loans. However, wedding loans are more of a PR play rather than an entirely new product, experts say. Before you secure a $30,000 loan to fund your special day, check out this video to learn more about the wedding
Wedding loans exist and couples are borrowing $11,000 on average to pay for the perfect day Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-31  Authors: noah higgins-dunn
Keywords: news, cnbc, companies, loan, pay, loans, rate, cash, average, perfect, day, borrowing, 11000, credit, nearly, debt, say, couples, score, exist, wedding


Wedding loans exist and couples are borrowing $11,000 on average to pay for the perfect day

Love and marriage … and loans.

The average American wedding costs nearly $39,000. A growing number of newlyweds-to-be are relying less on their families to pay for their dream ceremonies and are instead choosing to go into debt.

These young couples, dreaming of “Instagramable'”wedding venues, cigar bars, candy buffets, photo booths and the like, are now spawning a new breed of personal debt championed by Silicon Valley tech start-ups — millennial-targeted wedding loans. Lenders say they are issuing double the amount of wedding-branded loans in 2019 than a year earlier, promising fast cash directly to your bank account.

More from Invest in You:

Because buyer’s remorse is real. These are the top five things people come to regret buying

Which credit card reward is the best: Miles, points or cash back

Money diaries aren’t just hate-reads. You can learn a lot about your own finances

Upstart promotes its use of artificial intelligence and machine learning to measure nearly 1,500 data points to determine an applicant’s ability to pay back a loan. Rather than looking at a credit score alone, the company evaluates education, area of study and job history when considering applicants.

The average wedding loan Upstart approves is $11,000 for a three-, five- or seven-year term. The annual percentage rate, which is the rate charged for borrowing and represents the yearly cost of the loan, can fluctuate between 5 percent all the way up to nearly 36 percent, depending on the applicant.

Online lender Earnest, which also issues loans for vacations and home improvement projects, uses the tagline “Inspired by Pinterest? Make it happen with low interest,” to market its wedding loans. Additionally, loan provider Prosper offers couples engagement ring financing and extra cash for their honeymoon.

However, wedding loans are more of a PR play rather than an entirely new product, experts say. They’re simply unsecured personal loans rebranded to attract new borrowers, especially those in their 20s and 30s.

And some critics are concerned that the efficiency and ease these companies promise in getting cash could become more of a burden than a benefit as Americans become swamped with debt.

In the first quarter of 2019, total household debt breached $13.6 trillion, according to the U.S. household debt and credit report released by the Federal Reserve Bank of New York.

Before you secure a $30,000 loan to fund your special day, check out this video to learn more about the wedding loan industry and discover what steps experts recommend you take before applying.

Check out Don’t worry about getting a perfect credit score—This score is all you need via Grow with Acorns+CNBC.

Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.


Company: cnbc, Activity: cnbc, Date: 2019-07-31  Authors: noah higgins-dunn
Keywords: news, cnbc, companies, loan, pay, loans, rate, cash, average, perfect, day, borrowing, 11000, credit, nearly, debt, say, couples, score, exist, wedding


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Here’s an example of the perfect cover letter, according to Harvard career experts

That’s where the cover letter comes in. Linda Spencer, associate director and coordinator of career advising at Harvard Extension School, says that a solid cover letter answers two key questions: Why are you the right fit for the job? Here’s an example of what a strong cover letter looks like, according to Harvard career experts (click here to enlarge): Credit: Harvard University, Office of Career Services / Harvard Extension School, Career and Academic Resource Center Don’t know where to start?


That’s where the cover letter comes in. Linda Spencer, associate director and coordinator of career advising at Harvard Extension School, says that a solid cover letter answers two key questions: Why are you the right fit for the job? Here’s an example of what a strong cover letter looks like, according to Harvard career experts (click here to enlarge): Credit: Harvard University, Office of Career Services / Harvard Extension School, Career and Academic Resource Center Don’t know where to start?
Here’s an example of the perfect cover letter, according to Harvard career experts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-23  Authors: dustin mckissen
Keywords: news, cnbc, companies, example, skills, experts, company, according, heres, career, perfect, job, harvard, cover, youre, writing, letter, dont


Here's an example of the perfect cover letter, according to Harvard career experts

Found your dream job? Don’t be so confident that you’ll get hired: It’s very likely that there are several other qualified candidates competing for that same position. That’s where the cover letter comes in. Including a cover letter to complement your resume can be an effective way to impress hiring managers: It displays your strong writing skills, sets you apart from other applicants and shows that you went the extra mile. Linda Spencer, associate director and coordinator of career advising at Harvard Extension School, says that a solid cover letter answers two key questions: Why are you the right fit for the job? How will you add value to the organization? “It takes the average employer about seven seconds to review these documents,” says Spencer. “They’re not reading, they’re skimming. So you need to make it clear right off the bat how you can add value.” Here’s an example of what a strong cover letter looks like, according to Harvard career experts (click here to enlarge): Credit: Harvard University, Office of Career Services / Harvard Extension School, Career and Academic Resource Center Don’t know where to start? The career experts share tips on how to write a cover letter that stands out:

1. Address the letter to a specific person

“To whom it may concern” is one of the fastest ways to get your application deleted. Always try to address your letter to a specific person — usually the hiring manager or department head. Include their name, title, company and address at the very top below the date. If you don’t know who to address, LinkedIn is a great place to start. Simply enter the company name and some keywords into the search bar (e.g., “Google, hiring manager, sales”) and a variety of related profiles will appear.

2. Clearly state the purpose of your letter

Your opening line doesn’t need to be anything extravagant. In fact, it should be the complete opposite, according Harvard’s career experts. Keep it simple and straightforward: State why you’re writing, the position you’re applying for and, if applicable, how you found the job listing.

3. Don’t rehash your entire resume

You’re not writing a 1,000-word essay that summarizes your resume. The cover letter is your chance to explain why you’re genuinely interested in the company and its mission. No need to make it super formal, either. Use your own voice and add some personal flourishes to make the letter more interesting. “If you have relevant school or work experience, be sure to point it out with one or two key examples,” the career experts note. “Emphasize skills or abilities that relate to the job. Be sure to do this in a confident manner and keep in mind that the reader will also view your letter as an example of your writing skills.”

4. Use action words and don’t overuse the pronoun “I”

Instead of using flowery words and cliche claims like “fast thinker” and “highly creative,” go for action words. Here are a few examples of action verbs to use when highlighting specific skills: To demonstrate leadership skills : Accomplished, contracted, assigned, directed, orchestrated, headed, delegated

: Accomplished, contracted, assigned, directed, orchestrated, headed, delegated To demonstrate communication skills : Addressed, translated, presented, negotiated, moderated, promoted, edited

: Addressed, translated, presented, negotiated, moderated, promoted, edited To demonstrate research skills : Constructed, examined, critique, systematized, investigated, modeled, formulated

: Constructed, examined, critique, systematized, investigated, modeled, formulated To demonstrate creative skills: Revitalized, redesigned, developed, integrated, conceptualized, fashioned, shaped Avoid using too many “I” statements because it can come off as though you’re mostly interested in what you can gain from the company. The focus should be on what the company can gain from you.

5. Reiterate your enthusiasm and thank the reader

The closing of your letter should: Reiterate your interest in the position

Thank the reader for his or her consideration

State that you look forward hearing back from them

Include your signature at the very bottom

6. Keep your format consistent


Company: cnbc, Activity: cnbc, Date: 2019-07-23  Authors: dustin mckissen
Keywords: news, cnbc, companies, example, skills, experts, company, according, heres, career, perfect, job, harvard, cover, youre, writing, letter, dont


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Fed’s Powell says US homebuilders hit by ‘a perfect storm’ of Trump’s immigration policy, tariffs

Federal Reserve Chairman Jerome Powell echoed what most in the homebuilding industry have been complaining about all year. While the nation sinks into a severe housing shortage, homebuilders are struggling against high costs for labor and materials. Powell replied, “That’s what we hear from homebuilders. The homebuilders feel almost like they’ve been hit by a perfect storm here.” The lack of sufficient home construction, especially at affordable price points, has led to a severe housing shortage


Federal Reserve Chairman Jerome Powell echoed what most in the homebuilding industry have been complaining about all year. While the nation sinks into a severe housing shortage, homebuilders are struggling against high costs for labor and materials. Powell replied, “That’s what we hear from homebuilders. The homebuilders feel almost like they’ve been hit by a perfect storm here.” The lack of sufficient home construction, especially at affordable price points, has led to a severe housing shortage
Fed’s Powell says US homebuilders hit by ‘a perfect storm’ of Trump’s immigration policy, tariffs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: diana olick
Keywords: news, cnbc, companies, tariffs, construction, hit, immigration, perfect, shortage, labor, policy, smith, powell, storm, housing, hear, thats, feds, trumps, especially, homebuilders


Fed's Powell says US homebuilders hit by 'a perfect storm' of Trump's immigration policy, tariffs

Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a Senate Banking Committee hearing in Washington, D.C., on Thursday, July 11, 2019.

Federal Reserve Chairman Jerome Powell echoed what most in the homebuilding industry have been complaining about all year. While the nation sinks into a severe housing shortage, homebuilders are struggling against high costs for labor and materials.

In response to questioning from Sen. Tina Smith, D-Minn., Powell said, “What we hear from the homebuilders is that it’s a series of factors that are holding them back and challenging affordability.”

He pointed to the fact that thousands of skilled workers left the construction industry following the housing crash that began in 2008 and never returned.

“Now you have a shortage of skilled labor, so it’s hard to get people on the job, electricians, plumbers, carpenters and other people. No matter what you pay them, just finding people to do that work,” said Powell.

Smith responded, “Would you say our immigration policy might have something to do with that?”

Powell replied, “That’s what we hear from homebuilders. That’s part of it for sure.”

Then he added, “Material costs too have gone up, and some of that is tariffs for sure. The homebuilders feel almost like they’ve been hit by a perfect storm here.”

Builders, especially in the south and west, rely on immigrant labor, much of it from Mexico. The Trump administration’s tough stance on immigration has hit construction employers hard.

“It’s really across the entire labor force, I mean some of the stats are staggering,” said Sheryl Palmer, CEO of Arizona-based homebuilder Taylor Morrison, at a recent CNBC Capital Exchange conference. “We’ve lost productivity, and we haven’t brought new kids into the system because it’s not this career that folks are aspiring to have, and for all those reasons, we just can’t physically solve the problem because we just can’t get them [houses] built.”

Single-family housing starts have been unimpressive so far this year. In May, they fell 6.4% compared with April and were 12.5% lower compared with May 2018, according to the U.S. Census.

The lack of sufficient home construction, especially at affordable price points, has led to a severe housing shortage. That shortage continues to inflate home prices, keeping would-be first-time buyers on the sidelines. Rents are now rising at a fast clip, as occupancy is unexpectedly high in both apartment buildings and single-family rental properties.

“What I hear from businesses and communities, especially in rural Minnesota but really all over the state, is that the lack of workforce housing, affordable housing for people who have good jobs is actually a real limit on economic growth,” said Smith.


Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: diana olick
Keywords: news, cnbc, companies, tariffs, construction, hit, immigration, perfect, shortage, labor, policy, smith, powell, storm, housing, hear, thats, feds, trumps, especially, homebuilders


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post