Alibaba’s international e-commerce platform AliExpress is a UEFA Euro 2024 sponsor and has signed David Beckham as its global brand ambassador.AliExpressBEIJING — Soccer star David Beckham will promote Alibaba’s international e-commerce platform, AliExpress, in its biggest global brand ambassador partnership to date, the business unit announced Monday.The deal comes against the backdrop of China-based rivals PDD Holdings’ Temu and online fashion startup Shein’s rapid global expansion, with the former also advertising at the Super Bowl to gain traction with U.S. customers.AliExpress, which did not disclose how much it was paying Beckham to be its global brand ambassador, has joined several…
Author: insighter
Bankruptcy is a legal process that clears out your debts or creates a payment plan to creditors, allowing you to catch up. Businesses, farmers, municipalities, and individuals can file for bankruptcy. While wiping out your debts might sound appealing, there are downsides. Plus, some debts, like student loans, are notoriously difficult to get removed in bankruptcy. But in some cases, it might be the best option.Let’s dive into bankruptcy and see what it all means.What Do The Numbers/Types Mean?There are two types of personal bankruptcy — Chapter 7 and Chapter 13.Chapter 7Chapter 7 bankruptcy is a liquidation of your debts —…
The eight-person team at the State Department is leading Washington’s efforts to ease the economic blowback for countries targeted by China. It emerged in the scramble to help Lithuania during a spat with China over Taiwan two years ago. Today, “the firm” is helping growing numbers of nations cope with what diplomats call economic coercion from Beijing. Countries “knock on the door, they call,” Undersecretary of State Jose Fernandez told The Associated Press in a recent interview. “We run a consulting firm that does not have to advertise for clients, as they come.” Led by State Department senior adviser Melanie Hart, the…
Students protest during the University of Michigan’s Spring Commencement ceremony on May 4.Nic Antaya | Getty ImagesThe class of 2024 have graduated into a rocky jobs market and to make matters worse, employers are becoming increasingly wary about hiring them.In fact, 64% of employers have said they have become concerned about hiring graduates in the past five years more broadly, according to a recently published survey of 1,268 business leaders in the U.S. by higher education publication Intelligent.com.Almost a third of employers are particularly worried about hiring recent graduates who have attended pro-Palestinian protests in the past six months, while…
If Donald Trump returns to the White House, it would worsen budget deficits and the bond market would suffer more than under another Joe Biden term, longtime bond investor Bill Gross said Sunday. In an interview with the Financial Times, he acknowledged that Biden has also overseen an explosion in U.S. debt with deficits soaring to 8.8% of GDP last year from 4.1% in 2022. Still, the so-called Bond King, who cofounded PIMCO, sees more trouble from the former president than the current one. “Trump is the more bearish of the candidates simply because his programs advocate continued tax cuts…
Labour leader Tony Blair arriving in Downing Street after his election victory with crowds waving flags in the background, 2nd May 1997.Jeff Overs | BBC News & Current Affairs | Getty ImagesLONDON — The U.K. is less than six weeks away from a General Election in which polls suggest the center-left Labour Party could return to power after 14 years — and analysts say stock markets would react positively to that outcome.A Labour victory would oust the right-wing Conservative Party led by Prime Minister Rishi Sunak, who announced the July 4 vote last week. Even if Labour does not achieve…
Attention-deficit/hyperactivity disorder (ADHD) is one of the most common neurodevelopmental disorders of childhood, and it’s usually diagnosed in kids. But ADHD tends to be underdiagnosed in women and people of color, which can lead to some people reaching adulthood before realizing they may have the condition. Busy Philipps is one of them. The actress recently revealed that she was diagnosed with ADHD after going to a doctor’s appointment for her daughter. “My older daughter was having some issues in school and we took her to be evaluated. And literally in the evaluation, my ex-husband, Marc, we were looking at each…
Nearly two decades into the smartphone era, some experts are warning of the potential dangers of being plugged in anytime, anywhere. Especially when it comes to those whose brains are still developing.Americans under the age of 30 reported lower levels of happiness from 2021 to 2023 than those over the age of 60, according to this year’s World Happiness Report.Jonathan Haidt, a social psychologist at New York University’s Stern School of Business lays the blame squarely on our devices.His new book, “The Anxious Generation: How the Great Rewiring of Childhood is Causing an Epidemic of Mental Illness” he argues that the…
On average, U.S. workers with artificial intelligence skills command a wage premium of up to 25%, but some jobs can get of a boost of double that, according to PwC. The consultancy analyzed half a billion job postings from 15 countries to examine AI’s impact on employment, skills, wages, and productivity. In a report published Tuesday, it said that the 25% AI-skills premium in the U.S. tops the U.K.’s 14%, Canada’s 11%, Singapore’s 7%, and Australia’s 6%. Drilling deeper into individual professions, PwC found that U.S. job ads for database designers and administrators that require AI skills offer wages that are…
U.S. Secretary of Transportation Pete Buttigieg speaks during a press briefing the day after the collapse of the Francis Scott Key Bridge in Baltimore, at the White House in Washington, U.S., March 27, 2024. Elizabeth Frantz | ReutersTransportation Secretary Pete Buttigieg says that climate change is one of the culprits behind an increase in flight turbulence.”The reality is, the effects of climate change are already upon us in terms of our transportation,” Buttigieg said on CBS’ “Face the Nation” on Sunday, forecasting that turbulence is something that will continue to “affect American travelers, whether here or abroad.””We’ve seen that in the…
Ryanjlane | E+ | Getty ImagesSometimes, it pays to pay with cash. More merchants are offering a lower price to customers who use cash rather than credit card for a purchase. That means opting for paper over plastic may save you money in some cases.Just how much?Typically, cash discounts run about 2% to 4% on purchases, though savings can be higher, experts said.The share of cash payments with a discount is still low — in fact, only about 3% of all cash payments in 2022, according to data from the Federal Reserve Bank of Atlanta.However, that share is up more…
Are you curious how much student loan debt members of Congress actually owe?Given that Congress is responsible for creating the laws and policies surrounding student loan debt, we wondered – how much student loan debt do members of Congress actually have?Since they are supposed to be “representatives” of the country – can members of Congress actually relate to the struggles of millions of student loan borrowers in this country?Student loan debt (and higher education policy in general) is complex, nuanced, and has lots of moving parts. Unless you’ve lived through borrowing to pay for college and navigating repayment after college,…