South Sea pearls are the largest cultured-pearl variety, sometimes reaching over 20 millimeters in diameter. The Pinctada maxima oyster can take up to five years to produce a single South Sea pearl, whereas more common freshwater oysters can take as little as three months and create dozens of pearls. This long cultivation process makes South
Month: September 2022
Fabio Formaggio / 500Px | 500Px Plus | Getty Images Last year, I moved into a one-bedroom apartment in Manhattan. At 28, I was living alone for the first time. It was tremendously exciting, but I also had a problem: I had no furniture. For weeks I slept on an air mattress that would be
Apple CEO Tim Cook presents the new iPhone 14 at an Apple event at their headquarters in Cupertino, California, U.S. September 7, 2022. Carlos Barria | Reuters The market outlook is becoming increasingly uncertain, given unwieldy inflation and a slowing economy. Stocks ended Friday with losses. They were ultimately unable to bounce back from a
Mergers in software may be about to break out. Top investment banker Rick Sherlund of Bank of America sees a wave of struggling companies putting themselves up for sale at cheaper prices due to the economic downturn. related investing news Bank of America downgrades Adobe, says stock is a ‘show me story’ as it awaits
Source: CANELA.TV An upstart Spanish-language streamer is taking a big step into original content. Canela Media will debut a daily entertainment news show, “¡Ponle Canela!,” on its streaming platform, Canela.TV, on Oct. 10. “Secretos De Villanas,” a reality series that puts some well-known telenovela actresses under one roof to reveal secrets about their lives and
The party may be over for “buy now, pay later.” The Consumer Financial Protection Bureau said Thursday that these installment payments come with “several areas of risk of consumer harm,” including data harvesting, debt accumulation and “loan stacking” — or juggling multiple payment plans at once. Buy now, pay later lenders — including companies such
When Jim Koch launched the Sam Adams brewery from his family’s kitchen in 1984, he had multiple Harvard University degrees and several years experience at a high-paying consulting gig. But that strong business background didn’t prepare him for everything he’d need to know to launch a business, he says — including how to pay his
August was marked by extremely hot temperatures in parts of China, prompting temporary power rationing in some regions. Pictured here on Aug. 24, 2022, is the central city of Chongqing’s skyline with the lights partially turned off to conserve energy during the heatwave. Vcg | Visual China Group | Getty Images BEIJING — China reported
British Airways Airbus A319 aircraft takes off from Heathrow Airport in London, Britain, May 17, 2021. John Sibley | Reuters London’s Heathrow Airport will change about 15% of its Monday flights to avoid noise during Queen Elizabeth II’s funeral. “As a mark of respect, operations to and from the airport will be subject to appropriate
Caviar’s flavor and price can vary greatly depending on the type of fish, and the size, color and shape of the egg.
Sporrer/Rupp | Image Source | Getty Images As talk of Social Security reform heats up heading into the November election, one congressional proposal to expand the federal program has received a new endorsement from California lawmakers. In August, a joint resolution passed both the state’s senate and its assembly. Now, it goes to Capitol Hill
Artistgndphotography | E+ | Getty Images Company: Griffon (GFF) Business: Griffon operates through two segments. Consumer and Professional Products (“CPP”) conducts its operations through AMES. Founded in 1774, AMES is the leading North American manufacturer and a global provider of branded consumer and professional tools and products for home storage and organization, landscaping and enhancing
Queen Elizabeth II passed away last week – but what will happen to her assets and investments, and how wealthy was she really? Chris Jackson | Chris Jackson Collection | Getty Images “What will happen to her corgis?” is one of the many questions raised since Queen Elizabeth II’s death. The dogs, which the Queen
In this article NCR GE AZN-GB UBER IP FDX Check out the companies making headlines before the bell: FedEx (FDX) – FedEx tumbled 20.3% in premarket trading after issuing a profit warning due to declining package delivery volumes around the world. The news has exacerbated fears of a slowing global economy, weighing on shares of
In this article IPAX The Nova-C lunar lander seen on April 26, 2022 during assembly for the IM-1 mission. Intuitive Machines PARIS — Lunar-focused space company Intuitive Machines announced Friday it will go public via a SPAC in a deal that values the venture at about $1 billion. The merger with special purpose acquisition company
If you’re expecting relief from President Joe Biden‘s plan to forgive up to $20,000 in student loans, you may have state income tax liability, depending on where you live. While legislation is evolving, it’s possible that seven states — Arkansas, California, Indiana, Minnesota, Mississippi, North Carolina and Wisconsin — may tax student loan forgiveness, according
In boardrooms and on basketball courts, billionaire Mark Cuban says he’s noticed one factor that consistently leads to success: team culture. On an episode of the “Re:Thinking with Adam Grant” podcast this week, the “Shark Tank” investor and Dallas Mavericks owner said creating collaborative working environments is more important than amassing raw talent. He said
FTX CEO Sam Bankman-Fried has been shopping for bargains amid the industry’s recent carnage and said he still has cash to spend if opportunity knocks. It may seem strange. Other multibillion-dollar crypto giants spiraled into bankruptcy this year. FTX’s main competitor, Coinbase, has seen its shares plunge 70% and has laid off a fifth of
Michael Jordan’s game-worn 1998 NBA Finals ‘The Last Dance’ jersey from game 1 is on display during a press preview at Sotheby’s on September 06, 2022 in New York City. Alexi Rosenfeld | Getty Images A jersey worn by basketball legend Michael Jordan in the first game of the 1998 NBA Finals has sold for
Sales of electric bicycles, or e-bikes, as they’re better known, are booming. At the same time, innovations in battery technology have extended the range that an e-bike can travel. The FT’s Harry Dempsey explores the impact they’re having on commuting, deliveries, and the cities we live in. #ebike #transport See if you get the FT
A Social Security Administration office in San Francisco. Getty Images Social Security’s average wait time for an initial disability decision hit an all-time high in August of more than six months, or 198 days — almost three times higher than it was a decade ago. That is just one of many signs that Social Security’s
Traders work the floor of the New York Stock Exchange during morning trading on August 15, 2022 in New York City. Michael M. Santiago | Getty Images Economists, Wall Street analysts, hedge fund managers and public prognosticators have been all over the map lately in trying to divine the ways of Wall Street. Some have
Cecilie Arcurs | Getty Images There’s about one month until the Oct. 17 tax deadline extension, and experts say filers need to prepare, especially for more complicated returns. An estimated all-time high of 19 million American taxpayers filed an extension for their 2021 returns, according to the IRS. Kevin Brady, a certified financial planner and
In this article IP FDX UBER ADBE FE SNOW FedEx received its first five of an order of 500 electric Light Commercial Vehicles (eLCVs) from BrightDrop. Courtesy: Fedex Check out the companies making headlines in midday trading. FedEx – Shares of the delivery giant slid about 22% after the company preannounced disappointing results for the
In this article F Ford Chair Bill Ford and President and CEO Jim Farley converse in front of newly revealed Mustang Dark Horse at The Stampede in downtown Detroit on Sept. 14, 2022. Ford DETROIT – Ford Motor CEO Jim Farley was in his element Wednesday night, surrounded by gearheads and the automaker’s new 2024
Pekic | E+ | Getty Images The U.S. Department of Education continues to put out new information on how President Joe Biden’s historic student loan forgiveness plan will work. Some of the latest details include how forgiveness will be applied to your balance: which federal student loans can get the relief, and in what order.
It was a heist that was as brazen as it was simple. On the morning of Nov. 29, 1985, a couple entered The University of Arizona Museum of Art in Tucson, Arizona. Within minutes, “Woman-Ochre” — a painting by the Dutch-American artist Willem de Kooning — was gone. The museum’s curator Olivia Miller described the
New British Prime Minister Liz Truss delivers a speech outside Downing Street, in London, Britain September 6, 2022. Toby Melville | Reuters LONDON — New British Prime Minister Liz Truss faces a confluence of economic challenges, but will need to balance her own ideals with the immediate needs of the country. Last week, Truss announced
In this article FDX FedEx on Thursday withdrew its full-year guidance and announced significant cost-cutting measures following what it called softness in global volume of shipments. “Global volumes declined as macroeconomic trends significantly worsened later in the quarter, both internationally and in the U.S.,” CEO Raj Subramaniam said in the release. “While this performance is
Heavy industries must decarbonise dramatically to reach net zero. Replacing fossil fuels with green hydrogen, created with renewable energy, is one way to reduce emissions. Examples of green hydrogen being used in various industries are emerging, but as the FT’s Sylvia Pfeifer reports, this carbon-free innovation faces a major challenge to scale up. #hydrogen #netzero
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