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Didi Stock Crashes Due to Chinese Regulatory Probe

[ad_1] The post Didi Stock Crashes Due to Chinese Regulatory Probe appeared first on Millennial Money. Just days after going public through a traditional initial public offering (IPO), shares of Chinese ride-sharing giant Didi Global (NYSE: DIDI) have crashed after the company confirmed that the Chinese government is investigating the company over cybersecurity practices. Didi had priced its IPO last week at $14 per American Depository Share (ADS), with the stock now dipping below that debut price. As of 12:15 p.m. EDT on Tuesday, Didi shares were down 21%. China wants more oversight over user data  Last Friday, China’s government said that it had launched a cybersecurity investigation into Didi, causing the stock to drop by 5%. The company followed up by announcing on Sunday that its app had been taken down in China by the Cyberspace Administration of China (CAC) over potential violations of local laws and regulations regarding the collection of personal information. The app is no longer available for new users to download, although existing users who had previously installed the app can continue using it.  “The Company will strive to rectify any problems, improve its risk prevention awareness and technological capabilities, protect users’ privacy and data security, and continue to provide secure and convenient services to its users,” Didi said in a statement. “The Company expects that the app takedown may have an adverse impact on its revenue in China.” Other than a suspension on new user registrations and the app takedown, Didi continues to operate normally. Furthermore, the Chinese government is planning to increase its oversight of Chinese companies that are listed on international stock exchanges in order to better regulate the flow of data and information. Ahead of Didi’s IPO, Chinese regulators had urged the company to delay its debut in order to strengthen its network security protocols, according to The Wall Street Journal. Companies that list in the United States face much more stringent disclosure requirements, which reportedly caused consternation within the CAC. Didi moved forward with the IPO due to pressure from early investors such as venture capitalists, according to the report. The moves come amid a broader crackdown in China’s technology sector as the government seeks to guard user data, keeping the information in The Middle Kingdom and attempting to prevent user data from falling into the hands of foreign entities, including both companies and governments. China has strict rules requiring user data to be stored within the country, although the government has concerns that network equipment provided by international suppliers could be susceptible to cyber attacks. In its prospectus, Didi warned investors of the regulatory risks it faces. The company wrote: “Changes in existing laws or regulations or adoption of new laws and regulations relating to privacy, data protection and information security, particularly any new or modified laws or regulations that require enhanced protection of certain types of data or new obligations with regard to data retention, transfer or disclosure, could greatly increase the cost to us of providing our service offerings, require significant changes to our operations or even prevent us from providing certain service offerings in jurisdictions in which we currently operate or in which we may operate in the future.” Pick Like A Pro Where to invest $500 right now Lots of new investors take chances on long shots instead of buying shares of great companies. I prefer businesses like Amazon, Netflix, and Apple — they’re all on my best stocks for beginners list. There’s a company that “called” these businesses long before they hit it big. They first recommended Netflix in 2004 at $1.85 per share, Amazon in 2002 at $15.31 per share, and Apple back in the iPod Shuffle era at $4.97 per share. Take a look where they are now. That company: The Motley Fool. For people ready to make investing part of their strategy for financial freedom, take a look at The Motley Fool’s flagship investing service, Stock Advisor. They just announced their top 10 “best buys now” across the entire stock market. Whether you’re starting with $100, $500, or more, you should check out the full details. Email Address Continue Also opt-in to receive Millennial Money! It’s our newsletter devoted to helping you achieve financial freedom. That means you’ll receive new stock ideas, our favorite side hustles, and much more every single week! By submitting your email address, you consent to us keeping you informed about updates to our website and about other products and services that we think might interest you. You can unsubscribe at any time. Please read our Privacy Statement and Terms & Conditions. window.onload = function(event) { if (!document.getElementById(‘ecap-async-js’)) { dataLayer.push({‘event’ : ‘ctaFailed’, ‘failType’ : ‘JS Enqueue Failure’ }); } } Click here to learn more .tmfsa-text-widget .ecap-widget { padding: 0 !important; border-left: 0 !important; } The post Didi Stock Crashes Due to Chinese Regulatory Probe appeared first on Millennial Money. [ad_2] Source link

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V8 +Energy Drink (24 count) only $10.76 shipped!

[ad_1] Love V8 +Energy Drinks? Here’s a great deal! Amazon has this V8 +Energy Pomegranate Blueberry Drinks 8oz Cans 24-Count for just $10.76 shipped when you clip the $2.88 off e-coupon and checkout through Subscribe & Save! That’s just $0.44 per can shipped. Note: Once your order ships, you can go into your Amazon account and cancel your subscription if you don’t want recurring orders. Thanks, Hip2Save! [ad_2] Source link

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N.J. man arrested after video of racist rant goes viral, protests outside his home – NBC News

[ad_1] N.J. man arrested after video of racist rant goes viral, protests outside his home  NBC News White man who pushed Black neighbor in racist rant arrested  Yahoo! Voices New Jersey man who went on racist rant draws protests at his home  The Washington Post NJ Man Accused Of Harassing Black Neighbor In Video Gets Jeered By 100 Angry Protesters  Mahwah-Ramsey Daily Voice Police: 2 neighbors reported white man for racist harassment  Yahoo News View Full Coverage on Google News [ad_2]

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29 Part-time Jobs with Benefits

[ad_1] The post 29 Part-time Jobs with Benefits appeared first on Millennial Money. In the past, you typically had to put in a 40-hour workweek to get benefits like medical insurance, employer-sponsored retirement accounts, and disability insurance.  Today, the landscape has changed. Many companies pay part-time and gig workers benefits, meaning you could obtain quality coverage without committing to a binding full-time schedule.  Keep reading for a quick primer on part-time jobs with benefits. or, skip ahead to read about 29 great companies offering perks for a part-time employee First Up: What are Part-time Benefits? For starters, part-time benefits are very similar to full-time benefits. In short, they are incentives and perks that companies issue to workers to attract and retain them.  The quality of the program depends entirely on the company and how profitable and generous the organization is. Some companies offer very generous part-time benefits packages that are similar or the same to what full-time employees receive. Other times, companies provide limited packages for part-time workers and give full-time employees more perks.  Examples of Common Part-time Benefits Health insurance  Health insurance generally covers visits to the doctor, prescription drugs, surgeries, and overnight hospital stays.  It’s critical to pay attention to the deductible (or the amount that you have to pay out of pocket before health insurance pays) when selecting a healthcare plan. Some programs can be very high, in the $6,000 to $7,000 range. In some cases, it’s better to buy your own health coverage than to take a high deductible plan with limited coverage.  Vision insurance Vision insurance typically costs a lot less than health insurance, with most companies offering low-cost plans through leading providers VSP or EyeMed. Vision plans usually cover doctor’s visits and contact lens or glasses fittings. You may also be able to get prescription discounts for frames and lenses.  Dental insurance Dental work is expensive, so it’s not a bad idea to get coverage, especially from your employer. Often, employers offer discounted dental insurance at a much lower rate than you can find independently.  Childcare Paying for daycare isn’t easy when working part time, or even full time for that matter. Many companies offer childcare services to ease the financial burden for caregivers and nurturers. Mental health support Companies increasingly offer mental health services for part-time workers, including personal and family therapy.  Time off Companies tend to either offer sick time and vacation time or paid time off (PTO) policies that bundle together multiple types of leave. It’s a good idea to dig into the employer’s policy to see how they classify time off, so there are no surprises once you start working.  Some companies encourage workers to take a lot of time off to keep employees happy and avoid burnout. It’s possible to get several weeks off per year. Parental leave  This is a relatively new concept in the United States, but it’s very common in other countries. Certain organizations now offer extended parental leave, enabling parents to spend months at home following childbirth.  Next, let’s dive into the best places to find solid part-time benefits. 29 Jobs That Offer Benefits for Part-time Employees  1. Chipotle  Chipotle’s benefits program is even tastier than its guacamole—and that’s saying a lot. Part-time workers receive comprehensive medical, dental, and vision coverage, 401(k) contribution matches, and educational assistance. The company even provides one free meal per shift, which can lead to lunch and dinner savings over time.  One of Chipotle’s best offerings is a quarterly bonus, with an extra payment equal to a whopping one week’s compensation if your restaurant does well.  2. REI Leading outdoor retailer REI offers a comprehensive benefits program called REI Flex for part-time employees averaging 20 hours or more per week. REI Flex comes with medical coverage for employees and their dependents. The company pays medical plan costs and even the full cost for life and disability care. On top of that, there’s the option for dental, vision, and long-term care coverage. 3. Lowe’s Lowe’s specializes in home improvement and they care for their workers with a great benefits plan that includes vision, dental, and medical benefits. In addition, the company provides disability insurance and life insurance as well as learning programs for those interested in advancing beyond part-time positions and exploring leadership opportunities.  4. Starbucks  Starbucks offers strong roasts and an even stronger rewards program for baristas and maintenance workers. Part-time employees at Starbucks receive health coverage, complete with dental and vision plans, disability and life insurance, and accident coverage.  Looking to invest for retirement? Starbucks has you covered with a competitive 401(k) program and company match, along with discounted company stock and access to the Bean Stock equity rewards program.  Starbucks offers paid time off, parental leave, education benefits, commuter transportation coverage, and even emergency funding when illness occurs.  The benefits keep going! Additional perks include a free pound of coffee or tea every week and a 30% discount on Starbucks beverages, merchandise, and food.  5. Allegis Group Allegis Group, formerly Aerotek, is a staffing company based in Maryland.  The company provides health insurance, a 410(k), and vacation and paid time off for those working at least 20 hours per week. 6. Instacart  Instacart Shoppers work as either on-demand independent contractors or part-time at 15 to 20 hours per week. Working part-time with Instacart comes with benefits like health, life, dental, and vision insurance as well as temporary and long-term disability.  You really can’t beat the perk of working on-demand for Instacart and fully controlling your schedule. Having a flexible schedule is the true pathway to financial independence.  Instacart Learn more about becoming an Instacart full service or in-store shopper today and start earning extra money. Learn More 7. JPMorgan Chase JPMorgan Chase grants part-time workers benefits for working more than 20 hours per week. Benefits kick in after 60 days and include medical reimbursement, access to flexible spending accounts, and prescription drug discounts. 8. Trader Joe’s Trader Joe’s has a solid reputation as a worker-centric company. Part-time

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*HOT* Women’s Boots just $5.99 to $13.99 at Kohl’s!

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