March 25, 2021

Day: March 25, 2021

If you survive two decades in finance, this is your lifestyle

I’ve spent well over two decades working on Wall Street. For people of my generation, the complaints about working hours are a curiosity. All of my cohort have had the same reaction: this is what you wanted to; if you don’t like it, there are a thousand (or maybe even 10,000) people your age who will take your place. 

You don’t make good money in finance for nothing. 

It’s not the case – as juniors seem to think – that the people above them are necessarily working less. As one Credit Suisse director pointed out today, he still starts work

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Ahead of IPO, Coinbase users speak out about locked accounts and lost money

As it prepares to go public, Coinbase is still struggling to provide support to customers who have issues with funds being available, or their accounts being hacked or locked, according to a report by the New York Times. The exchange is often considered to be one of the safer bets for those looking to invest in crypto, but the story shows that users who run into trouble could be left out in the cold.

The Times tells the story of dozens of customers who have had money stolen from their accounts, or who have had their accounts locked

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Bill would waive cost for NC teachers taking personal days

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Thousands marched down Fayetteville St. in downtown Raleigh on Wednesday, May 1, 2019 to demand more funding from state lawmakers for public education.

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North Carolina educators may no longer have to foot the cost of paying for a substitute teacher to cover their classes when they’re taking personal days.

Legislation filed Tuesday in the state House would waive the “required substitute deduction” for teachers who provide a reason for taking personal leave on a school day. However, House Bill 362 also says teachers who don’t provide a reason would now be responsible for paying the full cost

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Breaking Down Sea Limited’s Business Model

Sea Limited (NYSE:SE) has a highly profitable segment that’s allowing it to fund its other two growing businesses. The digital entertainment division for this South East Asia e-commerce player is throwing off profits, enabling massive investments into building out a far-reaching e-commerce and payments infrastructure. On a Fool Live episode recorded on March 12, Fool contributor Brian Withers discusses the different parts of this growing regional operator’s business and how they add up to an incredible growth engine.

Brian Withers: I’m going to share, Sea Limited’s business model. It’s important to go back a little bit in history and

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Policyholders potentially endangered after hack of cyber insurance provider

The CNA Center in Chicago. (Antoine Taveneaux, CC BY-SA 3.0 https://creativecommons.org/licenses/by-sa/3.0, via Wikimedia Commons)

Insurance firm CNA Financial, a prominent provider of cyber insurance, confirmed a cyberattack against its systems, which has some concerned that cybercriminals may target policyholders.

Cybercriminals generally know that companies represented by a cyber insurance company are more likely to pay a large ransomware demand than an uninsured business that doesn’t have the financial backing.

It is currently unclear as to what client information may have been compromised in the attack against the Chicago-based firm, with roughly $10 billion in annual revenue. But gaining illegal

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A Couple Saved $4,000 in a Month With an Updated Take on an Old Hack

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Lots of tried-and-true budgeting hacks have been passed down over the years, and for good reason — they work. But some methods haven’t held up well over time. 

In early 2021, insurance agent Nova Scialabba and his wife Bonnie, a stay-at-home mom of three, wanted to start saving more and were initially drawn to the classic cash envelope method. That’s when cash is stored in envelopes slated for budgeted spending, and the rest is saved.

But, the envelope method relies heavily on cash — and

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