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PepsiCo Makes $550 Million Celsius Investment As Hip Hop Mogul Sues For His Shares

August 12, 2022 by www.forbes.com

Share to Twitter Share to Linkedin PepsiCo PEP has its sights on gaining a bigger share of the energy drink with a $550 million investment in Celsius Holdings . The energy drink maker is also at the center of a lawsuit between Russell Simmons and his ex-wife Kimora Lee Simmons along with her husband Tim Leissner, as he tries to retrieve his shares in Celsius back from them. Allegedly Kimora Lee and Leissner transferred and were using his shares of Celsius as collateral to pay a bond in connection with these criminal charges. Leissner already pleaded guilty, and agreed to forfeit $43.7 million for his role in the Malaysia 1MDB scandal that cost Goldman more than $3 billion. Simmons alleges that his shares of Celsius are being used as collateral to pay a bond in connection with these criminal charges. The Breakdown You Need To Know: Celsius recorded a first-quarter domestic revenue increase of 217% to $123.5 million and the long-term distribution … [Read more...] about PepsiCo Makes $550 Million Celsius Investment As Hip Hop Mogul Sues For His Shares

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An Easy Explanation Of What Happens When The Federal Reserve Bank Raises Interest Rates

July 18, 2022 by www.forbes.com

Share to Twitter Share to Linkedin The job market and the economy will be in bad shape for a while. With all the chatter about inflation and a recession, it's hard to understand what is happening. Let’s break it down. A combination of pent-up demand from the pandemic, supply chain disruptions , trillions of dollars flooded into the market from the Federal Reserve Bank, and massive fiscal stimulus packages from both the Trump and Biden administrations helped stoke inflation . Runaway inflation is ruinous to a country. The costs spiral out of control. The poor are disproportionately impacted, as they generally don't have emergency funds or the ability to earn more than the rising inflation rate to keep their heads above water. To decrease the adverse impact of inflation, Jerome Powell, the head of the Federal Reserve Bank, announced that he would raise interest rates to battle inflation and cool down the economy. If you have been looking to … [Read more...] about An Easy Explanation Of What Happens When The Federal Reserve Bank Raises Interest Rates

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Social Security Just Emailed Us About Their Website Upgrade? Here’s What They Didn’t Say

August 9, 2022 by www.forbes.com

Share to Twitter Share to Linkedin Social Security just upgraded its website in several very valuable ways. But the site still suggests you can accurately calculate your benefits using Social Security's calculators. Not true. For several clear reasons, those calculators aren't good enough even for government work. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. Like most of us, I just received an email from the Social Security Administration (SSA) entitled "What's New With My Social Security." It announces improvements in ssa.gov , including the ability to update our phone number, address, and bank account online. That's terrific and long overdue. But the best improvement is providing current beneficiaries access to their full covered earning histories. Beneficiaries need this information to understand if additional earnings will raise their monthly and, thus, lifetime … [Read more...] about Social Security Just Emailed Us About Their Website Upgrade? Here’s What They Didn’t Say

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Just started working? Here’s how to become financially independent

August 12, 2022 by www.moneycontrol.com

Set aside a small sum of money every month for investing in equities when you get your salary. As Indian citizens, we are glad to live in a free country. But often, we take our freedom for granted, especially when it comes to financial freedom. Money here today might be gone tomorrow. That’s why it’s important to be financially free, especially if you’re starting your investment journey at a young age. If you are in your 20s , or even in your 30s , on your first, second or even third job, and are just embarking on your financial journey, here are some handy tips to make sure you become financially independent. Also read | How women in their first job can take control of their money Invest in equities Set aside a small sum of money every month for investing in equities when you get your salary. Maher Dhamodiwala, founder of Financial Artists, a Mumbai-based financial planning firm, says that at a young age when liabilities are low or zilch, people should … [Read more...] about Just started working? Here’s how to become financially independent

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Tough act to follow: Celebs ’fond memories of Cherie Gil

August 13, 2022 by entertainment.inquirer.net

Cherie Gil True to Cherie Gil’s iconic line, “You’re nothing but a second-rate, trying hard copycat,” she’s a tough act to follow. The primera contrabida left a void in the biz that nobody else can fill. Bravo, Cherie, for a life well-lived and for being so well-loved. As my little tribute to Cherie, I asked some of her peers to share their fondest memory of the incredible Eigenmann woman. Vilma Santos Vilma Santos: I will always remember Cherie as a true friend, a very sincere person, a real artist, kalog at napakasayang kasama. Nabawasan tayo ng icon. Ricky Davao Ricky Davao: When I was 16, I would always go to the house of Tita Rosemarie Gil to spend the whole day with Michael and Mark. One time, I saw a very shy Cherie, who was around 13 years old at the time. Hindi pa kami nag-uusap nun, “hi, hello” lang, but she was now making these jokes on the set. She always shone bright, and I feel blessed to have this and so many other memories with her and her … [Read more...] about Tough act to follow: Celebs ’fond memories of Cherie Gil

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Jamie Foxx rises again as dad, the vampire hunter, in Netflix’s dreary ‘Day Shift’

August 12, 2022 by edition.cnn.com

(CNN) "Day Shift" is about vampires, but it's one of those Frankenstein-like movies stitched together from used parts, with Jamie Foxx as a family man version of Marvel's Blade , mashed up with horror and buddy comedy. It's the kind of star-driven vehicle that yields obvious benefits to Netflix even if, qualitatively speaking, it doesn't deserve to see the light of day. Indeed, Foxx is clearly a favorite of the Netflix algorithm and likes cashing its checks, having starred in the movie "Project Power" and sitcom "Dad Stop Embarrassing Me!" in the last two years, the latter inspired and produced by his daughter, Corinne Foxx. Parenthood is again at the heart of the plot, such as it is, in "Day Shift," which could just as easily be titled "Dad: Vampire Slayer." Foxx plays Bud Jablonski, a bounty hunter (he masquerades as a pool cleaner) struggling to make ends meet financially, suddenly given a major motivation to earn cash: His ex (Meagan Good) is planning to move away from … [Read more...] about Jamie Foxx rises again as dad, the vampire hunter, in Netflix’s dreary ‘Day Shift’

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‘Arcade Paradise’ Review: An Essential Ode To Classic Coin-Ops

August 11, 2022 by www.forbes.com

Share to Twitter Share to Linkedin On the face of it, Arcade Paradise seems to promise too much: an indie management sim boasting a story-driven and evolving environment, 35 pseudo-original games, and a price tag of just $25. Surely some mistake? After 25 hours of playtime–and despite only clearing the main “campaign”, without really digging deep into its plethora of challenges and unlockables– Arcade Paradise is an absolute gem of a game. Despite its slack handful of bugs, glitches, gripes, and box-ticking exercises, Nosebleed Interactive’s spiritual successor to debut Vostok Inc might be the best value for money you’ll get from a game in 2022. At its heart, Arcade Paradise is a profit simulator in a similar vein to House Flipper : an adventure that is, for the most part, as banal as it is exciting. You assume the role of Ashley, tasked with making a laundrette profitable. It happens to have a trio of old arcade machines in a glorified closet. … [Read more...] about ‘Arcade Paradise’ Review: An Essential Ode To Classic Coin-Ops

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