Budget first, Pinterest second: An expert’s best tips on hosting a wedding without going broke

After getting engaged four months ago, I started to think about the kind of wedding I wanted. Here’s how we figured out a wedding budget that complemented our financial situation and didn’t make us feel eager to spend more and more on a one-day celebration. Budget first, Pinterest secondSo many brides I’ve worked with have become overwhelmed by the stress of their big ideas and favorite vendors not aligning with their wedding budget. Always plan your wedding budget first before your imagination


After getting engaged four months ago, I started to think about the kind of wedding I wanted.
Here’s how we figured out a wedding budget that complemented our financial situation and didn’t make us feel eager to spend more and more on a one-day celebration.
Budget first, Pinterest secondSo many brides I’ve worked with have become overwhelmed by the stress of their big ideas and favorite vendors not aligning with their wedding budget.
Always plan your wedding budget first before your imagination
Budget first, Pinterest second: An expert’s best tips on hosting a wedding without going broke Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-12  Authors: jen glantz
Keywords: news, cnbc, companies, broke, hosting, tips, pinterest, wanted, things, best, spending, going, day, budget, money, second, experts, ive, weddings, bridesmaid, wedding


Budget first, Pinterest second: An expert's best tips on hosting a wedding without going broke

For the past five years, I’ve spent the majority of my weekends working weddings as a professional bridesmaid for complete strangers through my company, Bridesmaid for Hire. I’ve been to over a hundred weddings, where I’ve helped brides feel more supported on their big day, acting as their stand-in friend, personal assistant, and unofficial on-call therapist. I’ve walked dogs down the aisle, dealt with maids-of-honor dropping out of the wedding last minute, actually given maid-of-honor speeches, helped find missing grooms, and have acted as a sounding board for more than a handful of brides who suddenly got cold feet. I’ve also spent hours on the phone with stressed out clients who find themselves spending way more than they budgeted when their wedding planning spirals out of control. It happens fast. One decision leads to another, and before you know it, the wedding is costing you $15,000 more than you hoped it would. After getting engaged four months ago, I started to think about the kind of wedding I wanted. You might think that having all that insider knowledge would make things easier, but instead I felt paralyzed, inundated with decisions I couldn’t make — I had seen too much at all of the weddings I had been to.

Jen Glantz at work. Courtesy Jen Glantz

The average cost of a wedding in the U.S. is $29,200, according to The Knot’s Worldwide 2019 Global Wedding Report. For that price, you could buy a car, put a down payment on a house, or even quit your job and travel the world for a year. But for many of the over 2 million couples who get married every year, the cost is worth it. Even with all my wedding experience, I felt that way too. It was going to be a big purchase but one we wanted to make, to create a memorable day for us and our friends and family. So I eyeballed Excel spreadsheets and shared headaches with my fiancé over what our special day would look like. The constant back and forth over what we should do juxtaposed with the advice that was pouring in from loved ones to strangers, made us feel like planning our own wedding, just the two of us, was going to take years. Here’s how we figured out a wedding budget that complemented our financial situation and didn’t make us feel eager to spend more and more on a one-day celebration.

Budget first, Pinterest second

So many brides I’ve worked with have become overwhelmed by the stress of their big ideas and favorite vendors not aligning with their wedding budget. While getting engaged can be a burst of excitement that sends you into never-ending Google searches and Pinterest boards of wedding inspiration, you don’t want to have to stretch the cash in your accounts or lean on your credit cards to pay for it all. Always plan your wedding budget first before your imagination runs away with your checkbook. Before my fiancé and I created a list of decisions we wanted the world to vote on, like where to get married or what types of flowers to have, we sat down and wrote out our budget.

Once we had our spending maximum written down on paper, we took our first wedding vow: That we wouldn’t go above that amount, no matter what. Jen Glantz Founder of Bridesmaid for Hire

To stay realistic, we looked at the money in our savings accounts, talked about our financial goals for the year ahead, and thought about how much we were willing to spend on an eight-hour day for our loved ones. That’s how we picked our number — a number less than the national average. Once we had our spending maximum written down on paper, we took our first wedding vow: That we wouldn’t go above that amount, no matter what. This helped us manage our wedding expectations, know our limits with vendors, and keep us out of that gray area of “well, maybe we can pull some money out of other accounts to make a 10-piece wedding band work.”

Rank your must-haves

After going to over a hundred weddings in my career, I’ve started to see that what makes any wedding incredible is the food served, the drinks offered, and the music playing all night long. So those are the three things my fiancé and I have decided to focus on with our wedding budget, leaving the other details, such as centerpieces, flower arrangements, and even the style of the chairs, to be less of a priority on our wedding must-have list.

Always plan your wedding budget first before your imagination runs away with your checkbook. Jen Glantz Author of ‘Always a Bridesmaid for Hire’

Knowing what the three to five things you must have at your wedding will help you see where the majority of your money should go. For the rest of the items, you can cut costs by getting crafty with DIY centerpieces and decorations, buying used over new — for decorations or even your wedding dress — or finding less expensive vendors.

Keep yourself grounded


Company: cnbc, Activity: cnbc, Date: 2019-11-12  Authors: jen glantz
Keywords: news, cnbc, companies, broke, hosting, tips, pinterest, wanted, things, best, spending, going, day, budget, money, second, experts, ive, weddings, bridesmaid, wedding


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Cumulus Digital Systems

Cumulus Digital Systems is an Internet of Things company for workplace tools. Its platform helps make industrial facilities safer, cleaner and more productive by collecting data from digitally-enabled tools in the field.


Cumulus Digital Systems is an Internet of Things company for workplace tools.
Its platform helps make industrial facilities safer, cleaner and more productive by collecting data from digitally-enabled tools in the field.
Cumulus Digital Systems Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-12  Authors: cnbccom staff
Keywords: news, cnbc, companies, digital, systems, tools, cumulus, things, helps, platform, internet, safer, industrial, workplace, productive


Cumulus Digital Systems

Cumulus Digital Systems is an Internet of Things company for workplace tools. Its platform helps make industrial facilities safer, cleaner and more productive by collecting data from digitally-enabled tools in the field.


Company: cnbc, Activity: cnbc, Date: 2019-11-12  Authors: cnbccom staff
Keywords: news, cnbc, companies, digital, systems, tools, cumulus, things, helps, platform, internet, safer, industrial, workplace, productive


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Xage Security

Xage Security is a cybersecurity start-up using blockchain to protect Internet of Things applications in large industries, including energy, utilities, manufacturing and transportation. CEO Duncan Greatwood is a serial entrepreneur who has led start-ups to acquisitions by Cisco and Apple. Top investors in Xage Security include GE and the venture capital arm of Saudi Aramco.


Xage Security is a cybersecurity start-up using blockchain to protect Internet of Things applications in large industries, including energy, utilities, manufacturing and transportation.
CEO Duncan Greatwood is a serial entrepreneur who has led start-ups to acquisitions by Cisco and Apple.
Top investors in Xage Security include GE and the venture capital arm of Saudi Aramco.
Xage Security Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-12  Authors: cnbccom staff
Keywords: news, cnbc, companies, security, using, utilities, venture, transportation, serial, startup, things, startups, xage


Xage Security

Xage Security is a cybersecurity start-up using blockchain to protect Internet of Things applications in large industries, including energy, utilities, manufacturing and transportation. CEO Duncan Greatwood is a serial entrepreneur who has led start-ups to acquisitions by Cisco and Apple. Top investors in Xage Security include GE and the venture capital arm of Saudi Aramco.


Company: cnbc, Activity: cnbc, Date: 2019-11-12  Authors: cnbccom staff
Keywords: news, cnbc, companies, security, using, utilities, venture, transportation, serial, startup, things, startups, xage


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Trump speaks, earnings, bond market: Three things to watch for in the markets on Tuesday

Trump speaks in New YorkPresident Donald Trump speaks to the Economic Club of New York during a luncheon on Tuesday, and investors are hoping for clarity on a possible trade deal. However, President Donald Trump said Friday he has not agreed to cancel tariffs on Chinese goods, dampening hopes about a resolution. Earnings season continuesEarnings season continues on Tuesday with CBS, Nissan, Tyson Foods and Tilray set to report third-quarter earnings. Despite earnings growth estimates falling for


Trump speaks in New YorkPresident Donald Trump speaks to the Economic Club of New York during a luncheon on Tuesday, and investors are hoping for clarity on a possible trade deal.
However, President Donald Trump said Friday he has not agreed to cancel tariffs on Chinese goods, dampening hopes about a resolution.
Earnings season continuesEarnings season continues on Tuesday with CBS, Nissan, Tyson Foods and Tilray set to report third-quarter earnings.
Despite earnings growth estimates falling for
Trump speaks, earnings, bond market: Three things to watch for in the markets on Tuesday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, donald, markets, things, street, 2019, trump, wall, stock, trade, tariffs, bond, speaks, market, watch, stocks, earnings


Trump speaks, earnings, bond market: Three things to watch for in the markets on Tuesday

President Donald Trump makes a statement at the White House following reports that U.S. forces attacked Islamic State leader Abu Bakr al-Baghdadi in northern Syria, in Washington, October 27, 2019. Joshua Roberts | Reuters

Here are the most important things to know about Tuesday before you hit the door.

1. Trump speaks in New York

President Donald Trump speaks to the Economic Club of New York during a luncheon on Tuesday, and investors are hoping for clarity on a possible trade deal. Market participants have been holding on to hopes that a “phase one” trade deal between the U.S. and China will soon be a reality. Trade optimism bolstered by news that the world’s two largest economies agreed to roll back tariffs rallied all three stocks averages to record-highs last week. However, President Donald Trump said Friday he has not agreed to cancel tariffs on Chinese goods, dampening hopes about a resolution. China said on Friday that tariff removal is a requirement for a deal.

2. Earnings season continues

Earnings season continues on Tuesday with CBS, Nissan, Tyson Foods and Tilray set to report third-quarter earnings. SmileDirectClub will post its first earnings report since its initial public offering in September. Despite the stock being down nearly 50% since the IPO, all ten Wall Street analysts that cover the teeth-straightening start-up have a buy rating on the stock. Despite earnings growth estimates falling for the third and fourth quarter of 2019, stocks are hovering around all-time record highs. Some Wall Street analysts said the weak earnings in 2019 are paving the way for a solid 2020 earnings picture, boosting equities.

3. Bond market reopens


Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, donald, markets, things, street, 2019, trump, wall, stock, trade, tariffs, bond, speaks, market, watch, stocks, earnings


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5 things to know before the stock market opens Monday

Drew Angerer |Getty ImagesU.S. stock futures were pointing to a lower open on Monday on Veterans Day. Alibaba’s Singles Day hit sales recordA screen shows the gross merchandise volume, a measure of sales, after 12 minutes 49 seconds of Singles Day sales, as it reaches about 7,147,554,107 USD in Hangzhou in China’s eastern Zhejiang province early on November 11, 2019. AFP | Getty ImagesChinese e-commerce giant Alibaba set a new sales record on Singles Day, the world’s largest 24-hour shopping eve


Drew Angerer |Getty ImagesU.S. stock futures were pointing to a lower open on Monday on Veterans Day.
Alibaba’s Singles Day hit sales recordA screen shows the gross merchandise volume, a measure of sales, after 12 minutes 49 seconds of Singles Day sales, as it reaches about 7,147,554,107 USD in Hangzhou in China’s eastern Zhejiang province early on November 11, 2019.
AFP | Getty ImagesChinese e-commerce giant Alibaba set a new sales record on Singles Day, the world’s largest 24-hour shopping eve
5 things to know before the stock market opens Monday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: matthew j belvedere
Keywords: news, cnbc, companies, card, market, apple, day, york, things, dimon, opens, getty, uber, credit, singles, stock, know, sales


5 things to know before the stock market opens Monday

1. Dow faces pressure at open

Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the closing bell on October 2, 2019 in New York City. Drew Angerer |Getty Images

U.S. stock futures were pointing to a lower open on Monday on Veterans Day. Stocks on Wall Street trade on a normal schedule, but the bond market is closed for the holiday. The Dow Jones Industrial Average, S&P 500 and Nasdaq all finished at record highs again Friday. In the week ahead, President Donald Trump speaks Tuesday during an Economic Club of New York luncheon. Federal Reserve Chairman Jerome Powell appears on Capitol Hill on Wednesday and Thursday. House Democrats open public impeachment hearings this week. However, markets have so far ignored the process and see a conviction of the president by the Republican-controlled Senate as unlikely.

2. Alibaba’s Singles Day hit sales record

A screen shows the gross merchandise volume, a measure of sales, after 12 minutes 49 seconds of Singles Day sales, as it reaches about 7,147,554,107 USD in Hangzhou in China’s eastern Zhejiang province early on November 11, 2019. AFP | Getty Images

Chinese e-commerce giant Alibaba set a new sales record on Singles Day, the world’s largest 24-hour shopping event. Gross merchandise value, a figure that shows sales across Alibaba’s various shopping platforms, surpassed last year’s nearly $30.5 billion Monday afternoon local time, and kept rising through the rest of the day. Pop star Taylor Swift played songs from her new album “Lover” to open the event. Singles Day, 11/11, has its origins as an unofficial holiday started by Chinese college students getting together to celebrate being single. Alibaba started offering discounts to singles in 2009 and it took off and became a global online shopping phenomenon.

3. Goldman Sachs’ Apple Card under scrutiny

Source: Apple

The New York Department of Financial Services is launching an investigation into the credit card practices of Goldman Sachs after a tech entrepreneur accused the bank’s Apple Credit Card algorithm of discriminating against women when determining credit card limits. David Heinemeier Hansson, creator of website builder software Ruby on Rails, condemned Apple Card for providing him a credit limit that is 20 times higher than his wife, even though the couple files joint tax returns and his wife has a higher credit score. Hansson’s tweet went viral and got a comment from Apple co-founder Steve Wozniak, who alleged that Apple Card gave him 10 times the credit limit that his wife received.

4. Dimon faces questions about US wealth gap

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., gestures while speaking during a Bloomberg Television interview at the JPMorgan Global Markets Conference in Paris, France, on Thursday, March 14, 2019. Christopher Morin | Bloomberg | Getty Images

The growing wealth gap separating the rich from the rest of the U.S. is an issue that needs to be resolved, J.P. Morgan Chase CEO Jamie Dimon told CBS’ “60 Minutes” in an interview that aired Sunday. Dimon also deflected questions about his $31 million in compensation in 2018. He said J.P. Morgan’s board sets his salary. “I have nothing to do with it,” he said, and reiterated there are solutions to income inequality, such as changing the minimum wage and lowering taxes for the poor and the middle class.

5. Uber CEO regrets comments he made about murdered journalist

Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks during an interview in Tokyo, Japan, on Wednesday, July 3, 2019. Akio | Bloomberg | Getty Images

Uber CEO Dara Khosrowshahi expressed regret for describing the murder of journalist Jamal Khashoggi as a “mistake.” Khosrowshahi made his original remarks to “Axios on HBO” TV series. Referring to the government of Saudi Arabia, the Uber chief told the show, “I think that government said that they made a mistake.” Asked by CNBC for comment, an Uber representative pointed to Khosrowshahi’s statement to Axios expressing regret for the language he used on the show. “I said something in the moment that I do not believe. When it comes to Jamal Khashoggi, his murder was reprehensible and should not be forgotten or excused,” according to the statement.


Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: matthew j belvedere
Keywords: news, cnbc, companies, card, market, apple, day, york, things, dimon, opens, getty, uber, credit, singles, stock, know, sales


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Here are Bank of America’s top 10 investing themes to watch over the next decade

With the decade drawing to a close, Bank of America has identified 10 important investing themes to watch over the next 10 years. Underpinning the list is the tectonic societal shifts that the firm anticipates will play out over the next decade. Bank of America sees today’s bond market bubble as the “biggest vulnerability” for markets heading into 2020. Bank of America included things like national defense, waste management, data processing and payments, and global beverages in this category. Ro


With the decade drawing to a close, Bank of America has identified 10 important investing themes to watch over the next 10 years.
Underpinning the list is the tectonic societal shifts that the firm anticipates will play out over the next decade.
Bank of America sees today’s bond market bubble as the “biggest vulnerability” for markets heading into 2020.
Bank of America included things like national defense, waste management, data processing and payments, and global beverages in this category.
Ro
Here are Bank of America’s top 10 investing themes to watch over the next decade Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: pippa stevens
Keywords: news, cnbc, companies, watch, firm, shifts, 2020s, things, investing, global, america, bank, themes, companies, decade, americas, growth


Here are Bank of America's top 10 investing themes to watch over the next decade

With the decade drawing to a close, Bank of America has identified 10 important investing themes to watch over the next 10 years. Underpinning the list is the tectonic societal shifts that the firm anticipates will play out over the next decade. The firm said the coming decade will be “unlike any before it” as the world’s social, environmental, political and economic systems face “escalating challenges.” Megatrends will reach their boiling point in the 2020s, which will lead to changes in how governments, companies, markets and society more broadly operate, BofA predicts. “We expect the 2020s will overhaul old paradigms, disrupt business models, and produce new trends that will shape our future. In the next 10 years, we should see increased automation, a global recession, unprecedented innovation, serious environmental challenges, the death of quantitative easing, tectonic shifts in demographics and the end of globalization,” Bank of America analysts led by Haim Israel said in a note to clients Monday. CNBC was granted permission to publish the full list. 10 themes for the next 10 years Peak globalization Recession Quantitative Failure Demographics Climate Change Robots & Automation Splinternet Moral Capitalism Smart Everything Space Source: Bank of America

Peak everything

Bank of America says globalization has already peaked, which means that over the next decade there will be a greater focus on all things local. “The 1981-2016 era of unchecked flow of goods, people and capital is coming to an end, catalyzed by the widespread recognition that while globalization has meant lower consumer prices, it has also meant slower growth, precarious employment and social disruption,” Israel wrote. The firm anticipates that while at first disruption in the global flow of things will increase the cost of doing business, eventually it will lead to a rebalancing that will raise productivity and set the global economy on a path to higher, sustainable growth. “Countries will develop explicit national industrial policies and boost spending on R&D to foster local innovation, protect nascent industries, and shield national champions from hostile foreign takeovers,” the analysts said. Within a more nationalistic backdrop, investors should opt to own real assets like commodities, real estate and precious metals, as well as infrastructure and defense names. As things shift closer to home, small-cap and value stocks look better positioned than large-cap and growth stocks, according to the report. The firm predicts that a number of other things will peak during the 2020s, including oil, cars and inequality; the population will age and people will own fewer things as the economy shifts from ownership to the sharing.

Recession fears & bond bubble

The economic picture entering the next decade isn’t exactly rosy. Stocks may be hovering around all-time highs, but a record 90% of recipients in the BofA Global Fund Manager Survey said the world’s economy is late in the boom cycle. “We leave the 2010s stuck in an economic regime characterized by low growth and low inflation. Real GDP has averaged just 2% in the US, 1% in the EU and Japan, and halved from 12% to 6% in China as it rebalances towards a consumer rather than export-led economy,” the firm said. Bank of America sees today’s bond market bubble as the “biggest vulnerability” for markets heading into 2020. “In the coming years a policy mistake [inflation targeting/modern monetary theory] and/or the start of policy impotence (central banks pushing on a string) will likely cause a jump in interest rate volatility, end the decade-long bullish combo of minimum rates-maximum profits, and signal the big top in asset prices. A disorderly rise in bond yields would likely cause extreme pain as Wall St deleverages,” the note said. To hedge against a coming recession, the firm said to own things like gold and gold miners, as well as companies in monopoly areas like the utility sector since companies having pricing power even in downturns. High-quality companies in areas where there’s low political risk, and only a few key players, should also do well. Bank of America included things like national defense, waste management, data processing and payments, and global beverages in this category.

Demographic shifts

An aging worldwide population coupled with the rise of a middle class in emerging markets will shift consumer habits and tastes over the next 10 years. “Companies will need to adapt or face disruption from the emerging spending power not just of Millennials but also of new Gen Z consumers (e-commerce, same-day delivery),” the firm said. Tech-compatability, sustainability, and experiences over traditional “goods” are among the trends expected to accelerate over the next decade As people age, there will also be a big opportunity for advancements in healthcare targeting lift expectancy and quality. “Immortality’ may prove the most interesting secular theme in the 2020s,” Israel said.

Climate change & moral capitalism

Consumers are increasingly focused on the many and broad implications of climate change, which creates opportunity in areas like clean energy, electric vehicles, energy efficiency, new farming, water infrastructure and meat alternatives. “Efforts to curb global warming require behavioral and systemic changes that will provide substantial opportunities for investors. … BofAML estimates that the clean energy market is already worth [$300 billion], while the global waste industry presents a [$2 trillion] opportunity. Likewise, water infrastructure will need a minimum cumulative investment of [$7.5 trillion to 2030] to keep up with projected growth,” the firm said. A sharper focus on climate change will also be one of the forces driving an increase in environmental, social and corporate governance and impact investing over the next decade. “We enter the 2020s with capitalism focused purely on profit maximization on the cusp of reform — as it shifts away from shareholder supremacy towards greater involvement of stakeholders, i.e., moral capitalism,” the firm said. Bank of America estimates that $20 trillion — the size of the S&P 500 — will flow into environmental, social and governance strategies over the next 20 years as millennials and Generation Z become the primary investors.

Tech advances & the rise of machines

The U.S. and China are currently battling to lead global artificial intelligence innovation, but this “splinternet” divide will disappear by 2030 as China becomes the world leader, Bank of America said. “We believe the current trade war will transition towards a tech war in the 2020s, which will see a new ‘arms race’ between the US and China to reach national superiority in technology over the long term vis-a-vis Quantum Computing, Big Data, 5G, Artificial Intelligence, Electric Vehicles, Robotics, and Cybersecurity etc.,” the firm said. Baidu, Alibaba and Tencent will be primed to take advantage of the AI revolution, at the expense of the so-called “FAANG” stocks — Facebok, Amazon, Apple, Netflix and Google-parent Alphabet. “Just over half the population is connected in China but that is already nearly triple the number of internet users in the US, suggesting China’s annual mobile data traffic could grow 56% compared with 35% in the US. … With favorable policies and government backing, China’s technology companies are likely to be better placed to take advantage of these data trends,” the firm said. Robotics and automation are another key theme to watch over the next decade as developments could jeopardize up to 50% of worldwide jobs by 2035. As everything shifts online and becomes data-fied, this “ubiquitous connectivity” will alter society’s fabric, particularly in cities. Bank of America called the smart city theme “one of the biggest investible universes” as technology and data transform everything from urban transportation to city security to temperature control in office buildings. “Sensor and [internet of things] deployment is mostly in cities, opening major opportunities for semiconductor, sensor and software suppliers. For example, the expansion of the London Ultra Low Emission Zone for polluting vehicles will require cameras/sensors and software services,” the firm cited as one industry set to benefit from smart cities.

Space


Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: pippa stevens
Keywords: news, cnbc, companies, watch, firm, shifts, 2020s, things, investing, global, america, bank, themes, companies, decade, americas, growth


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Airbnb CEO: These are 2 things that caused WeWork’s fall

Speaking at The New York Times DealBook conference in New York City on Wednesday, Chesky said he believes two main things contributed to WeWork’s fall. According to Chesky, the first lesson here is that not all tech companies are the same. “We now realize that is not that they aren’t a tech company, it is that tech companies live on a continuum,” he said. And I think that’s the first lesson of WeWork,” Chesky said. (Additionally, skeptics of WeWork have defined it more as a real estate company t


Speaking at The New York Times DealBook conference in New York City on Wednesday, Chesky said he believes two main things contributed to WeWork’s fall.
According to Chesky, the first lesson here is that not all tech companies are the same.
“We now realize that is not that they aren’t a tech company, it is that tech companies live on a continuum,” he said.
And I think that’s the first lesson of WeWork,” Chesky said.
(Additionally, skeptics of WeWork have defined it more as a real estate company t
Airbnb CEO: These are 2 things that caused WeWork’s fall Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: jade scipioni
Keywords: news, cnbc, companies, billion, caused, fall, need, weworks, things, airbnb, companies, chesky, ipo, business, wework, ceo, tech, company


Airbnb CEO: These are 2 things that caused WeWork's fall

Airbnb co-founder and CEO Brian Chesky says he has made it clear to his employees and investors that he plans to take the company public in 2020, despite the varying levels of success with tech IPOs this year. But Chesky says he won’t make the same mistakes that co-working company WeWork and its co-founder Adam Neumann made with the company’s ill-fated IPO. After WeWork withdrew its IPO filing in September, SoftBank agreed to take a majority stake in the company, resulting in Neumann’s exit, layoffs and the unicorn start-up once valued at $47 billion, is now worth less than $5 billion, reports Markets Insider. WeWork also said Friday there will be changes to the business, including the company divesting “non-core businesses” (including its investment in The Wing) and reducing its head count. Speaking at The New York Times DealBook conference in New York City on Wednesday, Chesky said he believes two main things contributed to WeWork’s fall.

Not all tech companies are created equal

Shortly after WeWork filed its IPO in August, the company faced intense scrutiny about its finances and its inflated valuation of $47 billion. For instance, The Financial Times reported July that despite WeWork’s high valuation and growth, the 9-year-old start-up was losing cash fast — roughly $219,000 an hour to be exact. What’s more, in 2018, the company disclosed that its losses and revenues both doubled from the year before to $1.9 billion and $1.8 billion, respectively. According to FT, while WeWork projected $3 billion in revenue in March, it lost $700 million in the first quarter of 2019. According to Chesky, the first lesson here is that not all tech companies are the same. Some are good businesses, and some are not. He says historically, investors would value companies at a one or a zero — meaning its either a tech company or its not a tech company “I think that people used to believe that every company was a tech company,” Chesky said at the DealBook conference. “We now realize that is not that they aren’t a tech company, it is that tech companies live on a continuum,” he said. “The best way to understand the continuum is your gross margins or what is your gross profit. Some [companies] like Microsoft and these really big tech firms have really high margins and other companies [have] really low margins. And I think that’s the first lesson of WeWork,” Chesky said. In this case, WeWork — whose main business model is to lease or buy office space and transform it into smaller offices to rent to small business owners or start-ups — is a low margin business, meaning its service sells for very close to the price that it costs the company to get the real estate it leases out. (Additionally, skeptics of WeWork have defined it more as a real estate company than a tech company. This despite WeWork’s attempt to position itself as a tech company: As far back as 2014, Neumann has been on the record saying that the company “happens to need buildings just like Uber happens to need cars, just like Airbnb happens to need apartments.” And in its S-1 IPO paperwork WeWork used the word “tech” 123 times, according to CBInsights.)

Founders need to be thoughtful about their actions early on


Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: jade scipioni
Keywords: news, cnbc, companies, billion, caused, fall, need, weworks, things, airbnb, companies, chesky, ipo, business, wework, ceo, tech, company


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5 things to know about the Target RedCard

Fans of Target can benefit from top-of-the-line discounts and exclusive perks with the Target RedCard™. The RedCard is a store card, which means it can only be used on purchases at Target and Target.com. Below, CNBC Select shares five things to know before applying for the Target RedCard. 5% discount on eligible purchasesTarget RedCard holders receive a 5% discount at checkout on most purchases in-store and at Target.com. Information about the Target RedCard™ has been collected independently by


Fans of Target can benefit from top-of-the-line discounts and exclusive perks with the Target RedCard™.
The RedCard is a store card, which means it can only be used on purchases at Target and Target.com.
Below, CNBC Select shares five things to know before applying for the Target RedCard.
5% discount on eligible purchasesTarget RedCard holders receive a 5% discount at checkout on most purchases in-store and at Target.com.
Information about the Target RedCard™ has been collected independently by
5 things to know about the Target RedCard Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: alexandria white
Keywords: news, cnbc, companies, items, targetcom, target, redcard, shipping, receive, things, purchases, cards, purchase, know, interest


5 things to know about the Target RedCard

Fans of Target can benefit from top-of-the-line discounts and exclusive perks with the Target RedCard™. Cardholders receive inst rewards at the retailer that can add up to instant savings on your Target runs. The RedCard is a store card, which means it can only be used on purchases at Target and Target.com. However, frequent Target shoppers can benefit from this no annual fee card. Below, CNBC Select shares five things to know before applying for the Target RedCard.

1. 5% discount on eligible purchases

Target RedCard holders receive a 5% discount at checkout on most purchases in-store and at Target.com. This is a great way to save instantly on your Target runs. You don’t accrue points like other rewards and cash-back credit cards, but you also don’t have to jump through hoops to redeem them. The 5% discount does not apply to the following: Prescriptions, over-the-counter items located behind the pharmacy counter and clinic services at Target

Target Optical™ eye exams (Target Optical products, such as glasses and contact lenses, do receive the 5% discount)

Target gift cards and prepaid cards, Stockpile, Gift of College and lottery gift cards

Previous purchases

Certain restaurant merchants in Target stores, such as D’Amico & Sons Italian Kitchen and Pret A Manger

Target credit account payments, Target Debit Card cash back and cash advances on the Target Mastercard

Shipt membership fees

Alcohol purchases in Indiana

Gift wrap and shipping and handling charges on Target.com purchases

Wireless protection program purchases and deposits required by mobile carrier

Where otherwise prohibited by law New cardholders can also take advantage of a limited-time welcome bonus: Get $25 off a future qualifying purchase of $100 or more when approved for a RedCard, valid Nov. 3 to Nov. 16, 2019.

2. Free two-day shipping on eligible orders

RedCard holders receive free two-day shipping on hundreds of thousands of items from Target.com — without the $35 minimum purchase amount required for non-cardholders. This offer applies on standard shipping to all 50 states, D.C., APO/FPO addresses and Puerto Rico. If you upgrade your shipping method, shipping fees will apply. Select items may require a minimum purchase amount before the order will be shipped. And orders delivered by Shipt may have a delivery fee.

3. Additional 30 days for returns and exchanges

Cardholders receive 30 additional days to return purchases beyond the standard 90-day return policy. Extended returns do not apply to Target Optical™ purchases and non-returnable items.

4. RedCard exclusives

RedCard holders can benefit from various exclusives, such as special items, gifts and offers throughout the year. Note that every exclusive extra may not be available to every cardholder. Cardholders receive a coupon for 10% off a purchase every account anniversary year, when you’re signed up for Target marketing emails.

5. High interest rate

Store cards are known for having high interest rates, which is why experts often warn against opening one. The RedCard has a 24.65% variable APR, which can add up to costly interest charges if you carry a balance (and completely negate the 5% savings). But if you’re a responsible cardholder and pay off your bill in full every month, you can avoid interest charges and other expensive mistakes commonly made with store cards. Information about the Target RedCard™ has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the CNBC Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.


Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: alexandria white
Keywords: news, cnbc, companies, items, targetcom, target, redcard, shipping, receive, things, purchases, cards, purchase, know, interest


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Disney pops 4% as streaming hopes trump earnings decline: Market ‘sensing big things are brewing’

Disney shares jumped Friday as excitement around the media giant’s streaming service overshadowed a sharp profit decline for the previous quarter. “The market is sensing big things are brewing in the quarters ahead,” Michael Nathanson, founding partner at MoffettNathanson, said in a note. Steven Cahall, an analyst at Wells Fargo Securities, also expects Disney+ to end the calendar year with 8 million subscribers. Doug Creutz, an analyst at Cowen, expects Disney+ to obtain more than 30 million su


Disney shares jumped Friday as excitement around the media giant’s streaming service overshadowed a sharp profit decline for the previous quarter.
“The market is sensing big things are brewing in the quarters ahead,” Michael Nathanson, founding partner at MoffettNathanson, said in a note.
Steven Cahall, an analyst at Wells Fargo Securities, also expects Disney+ to end the calendar year with 8 million subscribers.
Doug Creutz, an analyst at Cowen, expects Disney+ to obtain more than 30 million su
Disney pops 4% as streaming hopes trump earnings decline: Market ‘sensing big things are brewing’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: fred imbert
Keywords: news, cnbc, companies, analyst, streaming, million, things, decline, disney, earnings, subscriber, subscribers, service, wars, star, trump, disneys, market, pops, sensing, hopes


Disney pops 4% as streaming hopes trump earnings decline: Market 'sensing big things are brewing'

Chief executive officer and chairman of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York Stock Exchange (NYSE), November 27, 2017 in New York City.

Disney shares jumped Friday as excitement around the media giant’s streaming service overshadowed a sharp profit decline for the previous quarter.

The company posted Thursday an adjusted profit of $1.07 per share. That’s down 28% from $1.48 per share in the year-earlier period. Disney’s earnings did, however, top a Refinitiv estimate of 95 cents a share.

Still, Wall Street analysts glossed over the profit decline as Disney gets set to take on streaming giants such as Netflix at their own game. So far, analysts like Disney’s chances in the streaming wars as it is expected to gobble up subscribers for the $6.99-per-month service, which will be launched Tuesday.

“The market is sensing big things are brewing in the quarters ahead,” Michael Nathanson, founding partner at MoffettNathanson, said in a note. “As we have vividly seen at Netflix, when moving in the right direction, momentum in subscriber growth makes those metrics investors’ sole focus.”

Nathanson has a price target on Disney shares of $150, which represents a 12.8% upside from Thursday’s close of $132.96. Disney shares traded 4.4% higher around $138.

Disney+ will launch next week with hundreds of classic Disney movies, thousands of TV episodes and content that’s exclusive to the platform, including The Mandalorian, a series set in the Star Wars universe.

This content, coupled with recently announced distribution deals with Verizon and Amazon, has led to high subscriber expectations from Nathanson. The analyst expects Disney+ to have about 8 million subscribers around the world by year-end and 18 million by the time the company’s fiscal year 2020 ends.

Nathanson is not the only one expecting strong growth from Disney+. Steven Cahall, an analyst at Wells Fargo Securities, also expects Disney+ to end the calendar year with 8 million subscribers. He also thinks 21 million people will have signed up for the streaming service by the end of Disney’s fiscal year 2020. Doug Creutz, an analyst at Cowen, expects Disney+ to obtain more than 30 million subscribers by the end of fiscal 2021.

Goldman Sachs analyst Drew Borst also thinks Disney’s Star Wars content will help build up Disney+’s subscriber base.

“To demonstrate the scale of the Star Wars fan base, consider that the first two movies in the current Skywalker trilogy – The Force Awakens (2015) and The Last Jedi (2017) – averaged 27 million in domestic movie ticket sales on the opening weekend alone. Assuming those individuals equate to 9 million unique households (i.e., 2.5 individuals/household national average), that represents a meaningful subscriber opportunity for Disney+,” Borst said.

Disney first unveiled its streaming service on April 11. Since then, the stock is up more than 13% and hit a record high in late July.

“DIS’s rerating indicates investors think the strategy will work,” said Wells Fargo’s Cahall in a note. “We agree, and DIS with DTC at scale is extremely profitable due to an owned library, dedicated fan base of recurring viewers, global brand and dominance in the kids/family genre.”

—CNBC’s Michael Bloom contributed to this report.

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Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: fred imbert
Keywords: news, cnbc, companies, analyst, streaming, million, things, decline, disney, earnings, subscriber, subscribers, service, wars, star, trump, disneys, market, pops, sensing, hopes


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5 things to know before the stock market opens Friday

Leah Millis | ReutersThere’s disagreement in the White House over whether the U.S. and China agreed to roll back tariffs as part of an initial trade deal. White House economic advisor Larry Kudlow told Bloomberg, “If there’s a ‘phase one’ trade deal, there are going to be tariff agreements and concessions.” The notion that tariff relief might be on its way, put forward by Chinese officials, powered the stock market higher Thursday. Disney CEO Bob Iger told CNBC’s Julia Boorstin post-earnings tha


Leah Millis | ReutersThere’s disagreement in the White House over whether the U.S. and China agreed to roll back tariffs as part of an initial trade deal.
White House economic advisor Larry Kudlow told Bloomberg, “If there’s a ‘phase one’ trade deal, there are going to be tariff agreements and concessions.”
The notion that tariff relief might be on its way, put forward by Chinese officials, powered the stock market higher Thursday.
Disney CEO Bob Iger told CNBC’s Julia Boorstin post-earnings tha
5 things to know before the stock market opens Friday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: matthew j belvedere
Keywords: news, cnbc, companies, york, ceo, house, bloomberg, things, trade, disney, know, white, gap, opens, getty, stock, dow, market


5 things to know before the stock market opens Friday

1. Dow set to open higher, Treasury yields dip after big surge

Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the closing bell on October 2, 2019 in New York City. Drew Angerer |Getty Images

The Dow Jones Industrial Average was tracking for a higher open on Wall Street on Friday, a day after another record close. The S&P 500 also finished at a record Thursday. The Dow and S&P 500 were on pace to continue their weekly winning streaks, barring a major sell-off Friday. After just five November trading days, the Dow was already up 2.3% for the month and the S&P 500 was up 1.6%. In the bond market, Treasury yields were steady Friday morning after surging on Thursday the most since the election of President Donald Trump. The 10-year Treasury move brought the yield to its highest level since August. (CNBC)

2. Navarro vs. Kudlow on tariffs future in a ‘phase one’ US-China trade deal

White House trade adviser Peter Navarro listens to a news conference about a presidential executive order relating to military veterans outside of the West Wing of the White House in Washington, March 4, 2019. Leah Millis | Reuters

There’s disagreement in the White House over whether the U.S. and China agreed to roll back tariffs as part of an initial trade deal. Trump trade advisor Peter Navarro told Fox Business on Thursday evening, “There is no agreement at this time to remove any of the existing tariffs as a condition of the ‘phase one’ deal.” White House economic advisor Larry Kudlow told Bloomberg, “If there’s a ‘phase one’ trade deal, there are going to be tariff agreements and concessions.” The notion that tariff relief might be on its way, put forward by Chinese officials, powered the stock market higher Thursday.

3. Disney shares soar on strong earnings days ahead of streaming service launch

The Walt Disney Company Chairman and CEO Bob Iger Kimberly White | Getty Images Entertainment | Getty Images

Dow stock Walt Disney was soaring 6% in the premarket after the media and theme park giant reported late Thursday quarterly earnings and revenue that beat expectations. The results come just days before the launch of the Disney+ video streaming service. Disney CEO Bob Iger told CNBC’s Julia Boorstin post-earnings that Disney+ is “ready to go” for Tuesday’s rollout. Iger also said Disney+ will be distributed on Amazon’s Fire TV. Amazon said its customers can sign up for a seven-day free trial before being charged $6.99 per month.

4. Gap CEO steps down and retailer warns about its full-year outlook

Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC

Gap shares were sinking about 9% in premarket trading after the struggling retailer said after the bell Thursday that CEO Art Peck is stepping down. Robert Fisher, son of Gap’s founders, is taking the job on an interim basis. Gap also warned on full-year guidance. Peck, who was CEO since 2015, announced in February plans to split the retailer into two publicly traded companies in 2020 — one company would house its faster-growing Old Navy brand, while the second would include Gap, Banana Republic and its other brands such as Athleta.

5. Mike Bloomberg inches closer to joining the presidential race

Former New York City Mayor and founder of Bloomberg Philanthropies Mike Bloomberg Jim Watson | AFP | Getty Images

Billionaire businessman Mike Bloomberg is preparing to enter the Democratic presidential primary. However, NBC News reports that the move does not necessarily mean Bloomberg, 77, was announcing a campaign. A top advisor to Bloomberg released a statement, saying the former New York City mayor wants to see Trump defeated and grows “increasingly concerned that the current field of candidates is not well positioned to do that.” Bloomberg had been a registered Republican and independent, as well as a Democrat. He re-registered as a Democrat a month before the party took back the House of Representatives in the 2018 midterm election.


Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: matthew j belvedere
Keywords: news, cnbc, companies, york, ceo, house, bloomberg, things, trade, disney, know, white, gap, opens, getty, stock, dow, market


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