Day: July 10, 2020

Posted in Business

Head of leading Hispanic-owned U.S. food company sparks backlash over praise for Trump

By Steve Gorman

(Reuters) – Goya Foods Inc, the largest Hispanic-owned U.S. food company and a popular brand among Latino Americans, became the target of a boycott campaign on social media on Friday sparked by its CEO effusively praising President Donald Trump at the White House.

The hashtags #Goyaway and #BoycottGoya began trending on Twitter after Robert Unanue, chief executive officer of the New Jersey-based company, appeared with Trump on Thursday for the signing of an executive order creating an advisory panel aimed at spurring Hispanic prosperity.

“We’re all truly blessed at the same time to have a leader like President Trump who is a builder, and that’s what my grandfather did,” said Unanue, the third generation of his family to run the business. “We pray for our leadership, our president, and we pray for our country that we will continue to prosper and to grow.”

The event at the

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Posted in Finance

‘Unsolved Mysteries’ Viewers Are Wondering What Happened to Rey Rivera’s Friend, Frank Porter Stansberry

Photo credit: Netflix
Photo credit: Netflix

From Good Housekeeping

Netflix’s reboot of Unsolved Mysteries reimagines the classic ’90s docuseries for a new audience, and has drawn plenty of buzz since its first six episodes debuted on July 1. As fans of the original will know, each episode tracks a different unresolved case, ranging from potential crimes (like unexplained deaths and disappearances) to apparent UFO sightings and other mysterious situations.

The first episode of the new season, “Mystery on the Rooftop,” is one of the most talked-about installments so far, delving into the strange and tragic 2006 death of Ray Rivera, whose body was found at a Baltimore hotel after he had been missing for over a week. Although police eventually concluded that his death was a suicide, the episode explores a number of irregularities and suspicious facts that call this into question – for instance, Rivera supposedly jumped to his death, but his

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Posted in Money

‘I left Smile Bank today due to the ongoing outage’

Smile Bank customers have been unable to access their online banking accounts for five days in a row.

The online-only bank, owned by Co-Operative Bank, said it was working urgently to resolve the problem.

But the latest service outage proved to be the “last straw” for longtime customer Emma Hopkinson-Spark.

After 16 years, she left Smile Bank on Friday after she was unable to view a crucial re-mortgage payment.

“I’m really disappointed in Smile Bank,” Ms Hopkinson-Spark, chief of staff at a tech consultancy business in Weston-super-Mare, told the BBC. “The outages this week were the tipping point.”

Ms Hopkinson-Spark said she had not been able to access her online banking account for several days. Although she can still withdraw money from cash machines and pay for items using her debit card, she cannot send payments or view her payments.

“Yesterday my husband rang me in a flap saying he

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Posted in Personal

The Emmy FYC Season That Wasn’t

Click here to read the full article.

ConsiderThis
ConsiderThis

It was the evening of Friday, March 13, 2020 that I went to my first — and only — FYC event of the Emmy season. It was for “Westworld,” and it took place at the Saban Media Center at the Television Academy Campus in North Hollywood.

More from IndieWire

There was a Q&A with the cast, and I was petulantly jealous of Thandie Newton’s outfit. They screened the first episode of Season 3 on the big screen to a capacity audience of several hundred people. I attended with my husband — “Westworld” is his favorite show, or at least it was until this season — and our friend, who I didn’t realize was attending until she dropped her daughter, our babysitter, off at our house. (Brag time: Our babysitter just got into NYU the day before, and she was so excited about

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Posted in Finance

Coronavirus puppy scams come with ‘red flags,’ expert says: Illegal Tender podcast

This is the third and final part of Yahoo Finance’s Illegal Tender podcast about the puppy crimes of quarantine and online puppy scams. Listen to the series here.

Many dog owners will look back at the coronavirus lockdown and self-quarantine as the start of their puppy journey.

This season of “Illegal Tender” explores the world of online puppy scams through conversations with two victims and one industry watchdog.

This episode, concluding the season, is a conversation with Josh Kreinberg, chief administrative officer and general counsel at PuppySpot. Kreinberg is a dog owner and dog lover who’s dedicated his professional life to working for a company that places dogs with forever homes. 

Through his work at PuppySpot, Kreinberg is an expert when it comes to identifying online puppy scams and how would-be dog owners can protect themselves from becoming victims.  

The desire to welcome a new dog into your world might … Read More

Posted in Personal

‘Bank’ offering 6% called Loan Doctor sued for allegedly trading ‘insured’ deposits in stock market

Last November, a company called Loan Doctor Financial launched an online CD account called a “Healthcare Finance Savings CD Account” that claimed to pay interest rates of 6%. With the deposits, the company, which called itself a “commercial bank” would purportedly make loans to medical professionals, which it said represented a low credit risk. 

With the very best rates of the online banks (Marcus, Ally, Synchrony) paying around 2% APY, the numbers stuck out because they were pitched as an almost risk-free investment with returns rivaling the stock market’s.

But this week, the Consumer Financial Protection Bureau filed suit against the company and its CEO Dr. Edgar Radjabli for “deceptive acts and practices in marketing a savings CD account.”

Among the practices the CFPB alleges: taking money from people who thought it was going to insured cash-equivalent accounts and instead using the funds to trade stocks.

More than 400 people

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Posted in Business

Bear of the Day: Square (SQ)

Square (SQ) is a mad genius-level disruptive technology platform that just launched over 100% in Q2 because so many valuation-focused sell-side analysts and short-sighted hedge funds kept it below $75 for so long.

 

And as of July 9, the stock just tagged the moon above $133, for over 25% gains this month alone. Apparently (some of) the blind have begun to see.

 

Meanwhile, UBS and BofA offered downgrades to “Sell” and “Underperform” in May after the company’s latest quarterly report when shares had just gotten back above $70.

 

And I think yesterday, a Cowen analyst made a much more timely downgrade after SQ’s “200% rally” from the Coronavirus Crash lows. Lowering their rating to Market Perform from Outperform, they also thought they should raise their price target from $79 to something a little more respectable like $119.

 

Obviously I have a personal story here.

 

In the first quarter of 2018,

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Posted in Money

During Coronavirus, Investment Money Floods Into Wellness

Click here to read the full article.

The coronavirus pandemic has put a damper on a lot of things, but wellness M&A is not one of them.

Consumer interest in being healthy has never been higher, experts agree, and during the COVID-19 pandemic that has translated into higher sales in categories like supplements, at-home fitness and self-care. Deals have followed, with Lululemon paying $500 million for Mirror, an interactive at-home fitness service, Grove Collaborative acquiring Sundaily, a gummy supplement brand centered around skin health, and Nestlé Health Science agreeing to buy a majority stake in Vital Proteins, which makes collagen supplements, beverages and food products.

“Wellness has become the number-one priority for consumers through COVID-19, and likely to remain the top priority for consumers after COVID-19,” said William S. Hood, founder and chief executive officer of William Hood & Co., an investment bank that specializes in the supplements space.

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Posted in Personal

After an online offseason, Bears face a new batch of complications as they prepare for training camp

CHICAGO — When Chicago Bears defensive coordinator Chuck Pagano packed up his office at Halas Hall in March, he had no idea he would spend the next four months figuring out how to run a defense from his computer at home.

Like most of the rest of the world, the coronavirus pandemic forced Bears coaches to adapt to an online environment, connecting with and teaching their players from afar. Pagano will return to team facilities in late July with a new set of digital capabilities.

“From a tech standpoint, I’m off the charts for a guy that’s going to be 60 in October,” Pagano said. “I feel like I’m way more tech savvy than I’ve ever been.”

Now, as Matt Nagy, Pagano and the rest of the Bears coaches prepare for a training camp unlike any they’ve held before, adaptability still will be key.

A whole new batch of complications

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Posted in Business

A woman who overdosed on enough caffeine powder to make 56 cups of coffee was hospitalized for a week, and doctors say her birth control didn’t help

pure caffeine
pure caffeine

Kevin Loria/Business Insider

  • Caffeine, a stimulant in coffee and tea, can be dangerous or fatal in large amounts.

  • Caffeine supplements can be especially risky since pills or powders are highly concentrated. 

  • In a recent case study, a 26-year-old woman went to intensive care for a week after overdosing on 2 teaspoons of powdered caffeine, equal to 56 cups of coffee. 

  • Visit Insider’s homepage for more stories.

If you’re like 90% of adults in the western world, you rely on coffee, tea, or similar beverages to kick off your morning or power through an afternoon of work.

But caffeine, the active ingredient that gives those drinks their energizing powers, can be deadly in large amounts. And for highly concentrated supplements in pill or powdered form, even a small portion contains as much caffeine as gallons of brewed coffee. 

Such was the case with one 26-year-old woman, who experienced difficulty

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