Need Money Now – Easy Payday Loan MTYA Mon, 15 Aug 2022 02:22:00 +0000 en-US hourly 1 Need Money Now – Easy Payday Loan MTYA 32 32 PGA Tour FedEx Cup playoffs value hype over legitimate golf Mon, 15 Aug 2022 02:22:00 +0000
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If you’re a golf fan, you’ve been bombarded for weeks with TV ads for the PGA Tour playoffs — or, as the tour would prefer you call them, the “FedEx Cup playoffs.”

There’s an ad that refers to the playoffs as the “ultimate” moment on the PGA Tour. There’s another one that says, “History will be made.”

Since “ultimate” technically means final, it’s not inaccurate to use that word to describe the three tournaments that will conclude Aug. 28 in Atlanta. The clear implication, however, is that ultimate in this context means greatest.

As for the story? Like I said: Oh, please.

History is made in golf at all four major championships, not in the insanely lucrative but ultimately (pun intended) unhistorical playoffs – or, for that matter, the hugely lucrative and overhyped Players Championship.

For the record, I As the playoffs – at least as individual tournaments. In 2006, after Tiger Woods and Phil Mickelson made it clear they had no interest in competing in the Tour Championship in November, commissioner Tim Finchem had a brilliant idea: he convinced FedEx to pay for a four tournaments and moved the Tour Championship to September.

Sally Jenkins: LIV Golf’s sold-out sales have bailed out the PGA Tour. Now they want to go home?

Money talks – even for very wealthy athletes. Instead of returning home after the four majors and waiting for pre-holiday exhibitions with guaranteed upfront money, players showed up for the playoffs. The first winner in 2007 was Woods. He refused to kiss the “FedEx Cup” trophy, but he showed up to play, and that was really all that mattered.

There was, however, a problem with the system at the time, and although the tour was tweaked and tweaked, it was never successful. In fact, for all the money and all the hype, the playoffs are basically a rip-off. Not on the players, who cash colossal checks the first two weeks and monstrous checks the third week, but on the public.

It starts with the point system, which is designed to make the regular season playoffs and weekly tournaments seem more important than they are and the majors less important.

The tour is not in charge of the majors. Augusta National Golf Club, the US Golf Association, the Royal and Ancient and the PGA of America control them and have separate TV offerings. That’s why a victory in a weekly PGA Tour event is worth 500 FedEx Cup points and a victory in a major tournament is only worth 600.

Ask a player the value of earning a major over a weekly event. They will tell you that it is at least five times greater. Golf Channel’s Brandel Chamblee told me several years ago that winning a regular tournament was probably worth around $3 million over a career and a major was probably worth over $30 million.

Let’s be careful and say that a major is five times more important. This means winning a major should be worth 2,500 points, not 600. The tour also gives 550 points to the winner of a number of events, including players and the three superstar tournaments: the Tiger Woods at Riviera; the Jack Nicklaus event, the Memorial; and the late Arnold Palmer tournament at Bay Hill.

This weekend’s tournament in Memphis gives the winner 2,000 points, as does next week’s event in Delaware. In other words, depending on the tour, a win in the first two playoff events is worth more than three times as much as a win in a major tournament.

There’s a lot of money at stake here: $15 million in each of the first two weeks and $44.75 million split among the top ten finishers at the Tour Championship, with the winner taking home $18 million.

You might point out that this doesn’t sound so crazy compared to the guarantees that the Saudi-funded start-up LIV Golf Series is paying, but it’s still a plot silver.

The tour has responded to LIV in two ways: suspending players who have taken Saudi petrodollars and running, and increasing its payouts to mind-boggling levels. This year, there will be a $50 million Player Impact program fund that will be split among 10 players to – wait for it – be popular on social media.

Additionally, prize money is increasing across the board. The Players Championship purse will be $25 million next year thanks to new touring television deals.

But like with LIV, all that money can’t make tournaments bigger than they are or as big as the promoters want them to be. LIV is a bunch of 54-hole exhibitions played for Monopoly money. PGA Tour playoff events are more legitimate – 72-hole events in which golfers must earn their place.

Moreover, individual tournaments can be as exciting as any non-major tournament. Last year’s playoff at Caves Valley between Patrick Cantlay and Bryson DeChambeau – won on the sixth hole by Cantlay – was wonderful theater. Ditto for Sunday’s tournament, won on the third hole of the playoffs by Will Zalatoris.

In many ways, the playoffs did what Finchem hoped: to keep the top guys playing and fans interested in watching after the majors ended. This was not the case before. Players were only interested in the silly season when they received money in advance.

The playoffs changed that. And yet that wasn’t enough for the tour, which insists its TV partners act as if a major championship is still decided, especially among the players, when in reality there’s only so much money. stakes.

FedEx has spent a lot of money since 2007 on the playoffs and the tour. Corporate sponsorship is at the heart of everything the tour does. Washington – the nation’s capital – does not have an annual tour. Why? Because there are no corporate sponsors willing to fund a tournament here.

The tour has changed playoff systems more often than most people change their socks. When Vijay Singh won the FedEx Cup the week before the Tour Championship in year 2, the tour changed the system. When Bill Haas stepped onto the victory platform after winning the Tour Championship in 2011 and asked Finchem, “Who won the FedEx Cup?” and Finchem replied shyly, “You did it”, it was time for another change.

Rory McIlroy and other PGA stars speak out against LIV golfers who took legal action

Three years ago, the Tour adopted what is essentially a member-guest format. The points leader starts the Tour Championship at 10 under par, and everyone else starts behind him, up to 30th place.

Last year, Cantlay started at 10 under and shot 269 for the week in Atlanta. Three players played better than him, but Cantlay’s lead made him the winner. It’s a bit like a team that wins the Super Bowl despite being outclassed because they started with a 14-0 lead.

How do you arrange all of this? First, give the majors the importance they deserve. An easy fix, but the tour is loath to do it.

Another easy fix: if you want to call them playoffs, make them real playoffs. After the end of the regular season, start everyone from scratch. Next year, only 70 players will make the playoffs, with 50 qualifying for the second tournament and 30 for the Tour Championship. The tour – and the TV stations – live in fear that a star won’t make it to Atlanta. Rory McIlroy missed the cut last week in Memphis. NBC doesn’t want him out for the next two weeks.

The only player really generating ratings is Tiger Woods, and his days of making the playoffs are over. So make it a real competition with everyone subject to elimination.

History will still be unwritten, but at least we will have a true champion when all is said and done. It’s been 16 years. It’s time to settle this once and for all.

]]> What type of financial expert should you hire? Fri, 12 Aug 2022 17:58:49 +0000

Managing your money is not always easy. Fortunately, you don’t have to go it alone.

But if you’re considering hiring someone to help manage your finances, you’re probably feeling overwhelmed by your options. Because there are so many different experts with so many different titles to choose from. And which one is right for you depends on your situation.

So many pros, so little time.

Here’s what you need to know about a few financial experts and what they can do for you. Pro tip: Make sure you’re getting your money’s worth by checking their certification on the designation website.

Certified Financial Planner (CFP)

What theyre doing: These pros are pretty comprehensive. They can help with everything from managing investments to planning for retirement and tax season.

What they can do for you:If you are looking for someone to help you make a plan for your money, this is the person for you. Oh, and they’re bound to make decisions in your best interest (hello, fiduciary duty). Bonus points for paying financial planners, who cannot earn product commissions (goodbye, sales pitches.)

Check their credentials:Through the CFP Council.

Chartered Financial Consultant (ChFC)

What theyre doing: They are similar to a CFP, but the process of earning the credential is a bit different. Read: They are quite comprehensive and can meet many different financial planning needs.

What they can do for you: Similar things to financial planners, although they are not held to the same strict fiduciary standards that CFPs are held to. That said, they can also help with estate planning, tax planning, general financial planning, and more.

Check their credentials:At American College of Financial Service website.

Chartered Financial Analyst (CFA)

What theyre doing: Typically, these pros work behind the scenes in the investment industry. But you may come across someone with this qualification in your search for a finance professional. And that means they have a lot of investment experience, so that could be an advantage if you’re looking for investment advice.

What they can do for you:Help you make investment decisions and grow your money.

Check their credentials:At The CFA Institute website.

Certified Public Accountant (CPA)

What theyre doing: Need help with your tax decisions? Maybe April is coming or you’re running a small business or side business. A CPA could be a smart move.

What they can do for you: They can help you navigate your annual tax return, understand complex tax topics, and maximize your tax deductions and savings. Cha Ching.

Check their credentials:At National Association of State Boards of Accountancy website.

Certified Retirement Advisor (CRC)

What theyre doing: If you’re serious about saving for your retirement, this is the person for you.

What they can do for you: They can help you start saving now for later so you can plan for your dream retirement.

Check their credentials:At International Foundation for Retirement Education website.

Financial coach

What theyre doing: They are your money’s personal trainer. They can help with the basics. Think: budgeting, savings goals, and short-term goals. Although some may hold other financial designations, they are probably not the person to help you manage investments.

What they can do for you: This person can help you set financial goals and learn basic personal finance concepts. They are also a great person to hold you accountable when working on your money.

Check their credentials: At Association for Financial Counseling & Planning Education website.

Do I even have to hire someone to help me?

Here are some signs that you should turn to a pro to help you manage your finances:

  1. You have exhausted your knowledge.Phew. If you’re out of ideas on how to achieve your financial goals, hiring a professional could pay off.

  2. You recently had a big change in your life. Maybe you got a raise, had a baby, or got divorced and don’t know how to approach your finances accordingly. Hiring someone might be a good place to start.

  3. You won’t do it yourself, or you keep putting off managing your money.Maybe doing the math isn’t for you. Or you just don’t have the time (hi, outsourcing). And that’s OK. Hiring someone else to do this for you could help you make some money moves without being as involved with your finances.


There are several designations. And the one that suits you may not suit your best friend. Find someone who has the right qualifications for your needs and who you are comfortable with. Because you are going to share a lot with them. Most importantly, find someone you trust.

Dow futures rise after Wednesday’s market rally Thu, 11 Aug 2022 01:41:00 +0000

Dow Jones futures were higher in overnight trade on Wednesday after all major averages posted strong gains on a better-than-expected July inflation report.

Dow Jones-linked futures added 0.27% or 89 points, while S&P 500 and Nasdaq 100 futures rose 0.26% and 0.38%, respectively.

Disney added 6.7% late in the session after posting stronger-than-expected subscriber numbers and beating revenue estimates on both the top and bottom lines. Sonos shares fell more than 19% after missing analysts’ expectations.

Wednesday’s regular trading session saw all major indexes rally, with the Dow Jones Industrial Average jumping 535.10 points, or 1.63%, to close at 33,309.51. The S&P 500 gained 2.13% to 4,210.24 and hit its highest level since early May, while the Nasdaq Composite gained 2.89% to 12,854.80, its highest close since late April.

The moves came after the headline consumer price index for July came in at 8.5%, slightly cooler than the 8.7% expected by analysts polled by Dow Jones, and raised questions about whether inflation has peaked and the Federal Reserve will need to rise. rate as aggressively as expected at its meeting next month.

The battered tech stocks that bore the brunt of this year’s sell-off led Wednesday’s market rally, with shares of Meta Platforms and Netflix surging 5.8% and 6.2%, respectively. Beaten chip names such as Nvidia and Advanced Micro Devices jumped nearly 6% and 4%, respectively.

“For today, we’re pulling ourselves together, and I think it’s really because inflation has been such an overhang for investors and for the market,” Lindsey Bell, head of markets and currency strategist, said Wednesday. ‘Ally Invest at CNBC. “And I think what investors are thinking today is maybe the spike was really placed in the past.”

Earnings season continues Thursday with reports from Rivian, Warby Parker, Poshmark and more. July’s producer price index data is also scheduled for Thursday.

Philadelphia Insectarium robbery: consequences, financial problems and internal conflicts Tue, 09 Aug 2022 10:05:06 +0000

After the “robbery”, Cambridge called the police, who sent armed officers to question Mumper and other employees at their home, including Anthony Mangiola, a teenage trainee who was still in high school at the time.

Mangiola said officers first interrogated him at home without his parents present, then later he was interrogated at a police station for about three hours.

“I remember following everything that happened. For about six months, every time someone came to the door out of the blue and knocked, my body would seize,” Mangiola said. “I would just stop. If someone rang the doorbell unexpectedly. I would stop.

Neither Mumper, Tomasetto nor Mangiola have been charged with any crime.

A Philadelphia police detective handling the case said earlier this year the case remains open.

‘Bug Out’ and the fallout

A recent documentary series on IMDB TV, which aired last spring, has now brought the Missing Bugs case back into the spotlight. This four-part series – titled ‘Bug Out’ – featured ex-Cambridge workers’ argument that they simply brought their own bugs back with them after quitting.

Butterflies land on everything in the butterfly pavilion. (Kimberly Paynter/WHYY)

Cambridge, represented by his father who is a lawyer and also a museum board member, has now sued the filmmakers and some of the interviewees, including Mumper, Tomasetto and Rzepnicki, for defamation.

The museum’s financial problems continued after the creatures disappeared. In 2018, the museum became a non-profit organization to “enable the avoidance of taxes that society was unable to pay”, as Cambridge explained in a lawsuit against Rzepnicki, the former director. museum operations.

In 2019, an employee who at the time worked in animal care said the department continued to be underfunded. They remembered buying animal feed and gasoline for tourist shows, without being reimbursed. The employee also stated that he was doing construction work for which he did not feel qualified. Cambridge maintains that the insectarium reimburses the work expenses of employees. WHYY has agreed to withhold this person’s name as they fear retaliation from Cambridge.

“We just knew that John was a little eccentric and it was just kind of something that we all laughed at and knew… But I don’t think I really realized how harmful his… eccentric nature really was to people. people around him and the museum as a whole,” the employee said.

A visible example of this that former employees point to is at the back of the museum, where 24 old shipping containers are stacked in what Cambridge calls ‘the sandcastle’, a structure he designed himself. and described as a work of art. It increased at the end of 2019.

Shipping containers are randomly placed on open ground.
An outdoor event space, comprised of shipping containers, added in late 2019 to the Insectarium & Butterfly Pavilion in Philadelphia. (Kimberly Paynter/WHYY)

“There’s so little else here that … serves as a community beacon, and so if we have the opportunity to create something that you can see from Frankford Avenue and … generate more interest in that area, we’ll do it,” Cambridge said.

He said he would like to see it become a playhouse and plaza.

It certainly caught people’s attention, said Trisha Nichols.

“It caused some commotion when all these shipping containers started coming in and they’re kind of rusty and ugly and piling up behind a building… people across the street were calling and complained,” she recalls.

The “sandcastle” and the museum itself also caught the attention of the Philadelphia Department of Licensing and Inspections. The Insectarium has 46 violations in its ownership history and has failed most of its inspections.

Cambridge said the violations are simply demands that the city asks them to fulfill, and it tracks them all.

“Whatever you’re watching, there’s something we’re aware of and addressing with the city,” he said. “We are… eagerly compliant.”

Keeping the museum afloat was “a giant game of Sudoku”

Michael O’Leary, who briefly worked for the Insectarium and has been a friend of Cambridge for more than a decade, said he saw a different side to Cambridge. With him, he says, every day is a new adventure.

“It was fun and exciting, but it was a little chaotic at times,” he said. “He was like a real juggernaut. There was no stopping him. Whatever he wanted, it had to happen.

“It aimed for the stars and settled on the moon. So he had these very huge giant projects and ideas that he wanted to accomplish that were probably impossible. So if he was shooting there and we came to him and said, ‘Well, we’ve done half of it’, then he’d be like, ‘Cool, okay, well, that’s half .”

A new event space in the Philadelphia Insectarium and Butterfly Pavilion, featuring a creature mural. (Kimberly Paynter/WHYY)

However, O’Leary said the quality also made it difficult to work with Cambridge – particularly if you hadn’t bought into his vision or wanted to push as hard as he did to get something done.

“There were times when I resisted because I thought, ‘That’s not the procedure for this…We have to do this…according to the book’…He threw the book away.” said O’Leary. “He was like, ‘We just need to figure out what we’re doing here, figure out how to do it, or get close to it.'”

Cambridge said that after a few years as CEO he had learned “not to be bullied so much. There is no possibility that you will make everyone happy.

“I’ve been bullied many times…by people who would just say, ‘you don’t know what you’re doing, so you shouldn’t be doing it.’ … No one knows what they do to begin with. That’s no excuse not to do it and not get things done. It is a call to learn quickly and to do so with humility,” Cambridge said.

At the start of the COVID-19 pandemic in 2020, Nichols was still working at the insectarium. She decided to create virtual classes, and later in-person classes, on insects and science that local schools would pay for. She said the work environment at the insectarium remained the same and scheduling classes was difficult as she had to balance virtual and in-person classes, the time it would take to drive, which employees liked young children. , who liked to work with which animals… and so on. on.

“It was like a giant game of Sudoku.”

Money was tight and turnover was crazy. But you know what? I was actively teaching the kids, interacting with the kids every day, watching their faces light up… The reason I stayed was for that,” Nichols said.

Trisha Nichols was director of education at the Philadelphia Insectarium and the Butterfly Pavilion. She now teaches online courses on entomology. (Kimberly Paynter/WHYY)

That changed last year. Cambridge created and sold art classes, including juggling classes, which Nichols believed she and her team of science teachers weren’t really qualified to teach. She said that as director of education, she would like to have a say in what courses the museum offers, and to lose that was to lose the freedom to create programs and carry them out. So she eventually resigned.

“It ended with him wanting to teach…my educators how to juggle.”

“I absolutely loved the place while I was there and I absolutely loved the work I was doing and I loved the impact I was having on the kids and I wouldn’t change that for the world,” she said. “I also know that the insectarium was actively transforming into a place I didn’t really want to be a part of…I get a little sad every once in a while…walking past and knowing I’m not there. ”

She continues to teach science and insect classes through her own business.

In May, Cambridge filed for personal bankruptcy. He said he hadn’t had a salary for a long time and had invested all his money in the insectary.

“I’m proud of my bankruptcy,” Cambridge said. “I did everything I said I was going to do to try to protect, save and grow this place.”

Browns have no interest in trading Kareem Hunt as RB sits out team drills in search of extension Sun, 07 Aug 2022 17:47:00 +0000
NFL: Cleveland Browns training camp
Ken Blaze / USA TODAY Sports

Cleveland Browns running back Kareem Hunt was looking for a contract extensionand since he has yet to see his request met, it appears that he is now trying to put pressure on the franchise by not participating in team drills.

CBS Sports NFL insider Jonathan Jones confirmed that the Browns currently have no interest in trading Hunt, after reported that Hunt had requested a trade.

This news comes after CBS Sports NFL Insider Josina Anderson reported Saturday that Hunt did not participate in team drills for the second straight practice. Hunt also informed the team that this was his plan moving forward. Anderson reports that Hunt’s “hold-in” is not believed to be health-related and is subject to fines from the Browns. Hunt also reportedly told members of the Browns informally that he wanted to be paid or traded, but a source told Anderson that Hunt would rather stay in Cleveland.

“Right now I’m taking it day to day, man,” Hunt said at minicamp in June. “I’m going to see what they want to do with me and I’m taking it day by day. Hopefully I can be here long term. We’ll see what God has planned for me, that’s all I can think of. can say.”


Hunt still has one year left on the two-year extension he signed in 2020 that pays him $1.35 million in base salary and $6.25 million in annual cash, per Spotrac.

The former Pro Bowler and 2017 NFL rushing yardage leader played just eight games for Cleveland last year due to a calf injury. Hunt’s best campaign with Cleveland came in 2020, when he racked up 1,145 scrimmage yards and 11 total touchdowns. The Browns would like to keep the dynamic running duo they have in running back with Hunt and Nick Chubb, but it remains to be seen if they will extend their pass-catching before the start of the 2022 season.

Alex Jones on trial: Jury finds Infowars founder should pay $45.2 million in punitive damages to Sandy Hook parents Fri, 05 Aug 2022 23:43:00 +0000 Plaintiffs Neil Heslin and Scarlett Lewis were awarded a total of just under $50 million in compensatory and punitive damages. Of the $49.3 million total, the $45.2 million in punitive damages may be reduced due to Texas law.

“Care and concern is so important and we’ve seen what happens when there’s a shortage of it, so I hope we all come home tonight and everyone who reads this and hears this message and you have chosen love with your children, because you can,” Lewis said on Friday after learning of the jury’s decision. “It means being present with them in the moment, looking them in the eye, hugging them and going from there. In every moment, realize that you have a choice and your choice is love.”

Jurors began deliberating around 12:30 a.m. CT on Friday, after Judge Maya Guerra Gamble reminded them that in a default judgment against him, Jones had previously been found guilty of defamation and “intentionally inflicting emotional distress” on Lewis. and Heslin.

In an emotional closing argument on Friday, Lewis and Heslin’s attorney, Wesley Todd Ball, told the jury: “We’re asking you to send a very, very simple message, and that is, arrest Alex Jones. Arrest the monetization of misinformation and lies. Please.”

After the jury’s decision was announced in court, Jones’ attorney, Andino Reynal, immediately raised the issue of Texas law and the amount of punitive damages. Following the proceedings, he spoke about it again while speaking outside the court.

“We think the verdict was too high. As for punitive damages, Texas law caps them at $750,000 per plaintiff, so that verdict today is $1.5 million in sanctions. Alex Jones will be on air today, he will be on air tomorrow, he will be on air next week. He will continue to do his job of holding the power structure accountable. This is our only statement,” Reynal said after the court.

Judge Gamble acknowledged Reynal’s objection in court but did not immediately rule on it.

“So we have laws in Texas where we claim to trust our juries and then we don’t trust our juries, and that’s true,” Gamble said at the time. “And I’m sure the judgment will correctly reflect Texas laws in that regard, so don’t have to worry about that.”

CNN reached out to a plaintiffs attorney to comment on Reynal’s argument.

During closing arguments, Ball had urged jurors to “dissuade Alex Jones from doing this horror again” and “dissuade others who might want to put themselves in his shoes”.

Reynal had argued for a much lower sum, suggesting that jurors should multiply Jones’ alleged hourly salary of $14,000 and the 18 hours he said Jones spoke about Sandy Hook on Infowars, for a sum of around a quarter of a million dollars.

In the first phase of the trial on Thursday, the jury awarded the parents $4.1 million in compensatory damages, an amount well below the $150 million sought by the parents’ attorneys. In his closing argument, Ball thanked the jury for their decision to award the $4.1 million, saying it had already made a huge difference in the parents’ lives, and asked them to award enough damages- punitive interest to bring the total to $150 million.

Punitive damages are a form of punishment for the behavior of an accused. Jones, the head of conspiratorial media outlet Infowars, has repeatedly lied about the Sandy Hook massacre. It fueled conspiracy theories about the victims and their families, prompting multiple libel lawsuits. He has since acknowledged that the mass shooting took place.

Jones claimed in his testimony that a jury award of just $2 million would destroy him financially. But on Friday morning, jurors heard testimony about Jones’ wealth from an economist, Bernard Pettingill, Jr., who estimated Jones had a net worth of between $135 million and $270 million.

Pettingill, Jr., who reviewed several years of records for Free Speech Systems, Jones’ parent company, and Infowars, said Jones used a series of shell companies to hide his money.

Jones used two major loans to make it look like he was broke when in fact he wasn’t, Pettingill, Jr. testified.

“Alex Jones knows where the money is, he knows where that money has gone, and he knows he’s going to benefit from that money eventually,” Pettingill, Jr.

After one of the jurors asked about the difference between Jones’ money and his company’s money, Pettingill, Jr. said “you can’t separate Alex Jones from the companies. He’s the companies. “

Jones “monetized his shtick,” he added, even suggesting Jones could teach a college class on his techniques.

Jones’ fearmongering rants about Infowars have, for many years, been associated with advertisements for supplements, documentaries, and other products sold by Infowars. Pettingill, Jr. said the money was paid, identifying nine different companies owned by Jones.

“He’s a very successful man, he’s propagated hate speech and misinformation, but he’s made a lot of money and he’s monetized it,” Pettingill, Jr. said on the stand. “I think of him is that he didn’t ride a wave, he created the wave.”

Jones testified earlier in the week about his alleged financial troubles after social media giants like Facebook and Twitter banned his content from their platforms.

“I remember him saying that, but the records don’t reflect that,” Pettingill, Jr.

During closing arguments, Ball claimed Jones had even more money stashed elsewhere and argued that $4.1 million was a drop in the proverbial bucket for Jones. “He’s probably already picked up the donations” from the fans, Ball said.

Stanford dropouts’ startup worth millions, could be India’s tech unicorn Tue, 02 Aug 2022 02:17:00 +0000

“When we started 12 months ago, every conversation we had was, ‘You are totally crazy, this will never work,'” teen CEO Aadit Palicha said.

Still, Palicha’s company has managed to prove those doubters wrong – it’s now approaching unicorn status and is one of India’s fastest growing fast commerce apps. A unicorn is a startup valued at over a billion dollars.

Zepto is a startup that promises to deliver groceries in less than 10 minutes. Although it is just one of many companies to join the wave of instant trading, it has already caught the attention of investors.

Its last cash injection of $200 million in May 2022 valued the company at $900 million, just nine months after launch.

We thought it was just a more exciting opportunity than studying at an elite university.

Aadit Palisha

Co-founder and CEO, Zepto

The drivers of its meteoric growth are Palicha and Kaivalya Vohra, two 19-year-olds who dropped out of Stanford University to pursue their entrepreneurial dreams.

“At this point, we had already reached a few million dollars in annualized revenue. We said this was an opportunity to raise a large amount of capital, it clearly corresponds to the product market,” Palicha said. at CNBC Make It.

“How many people in their lifetime have the opportunity to create a potential generational business? We thought it was just a more exciting opportunity than studying at an elite university.”

45 to 10 minutes

The idea for Zepto came in July 2021 – when the childhood friends were stuck at their home in Mumbai, in the midst of the Covid-19 pandemic and a nationwide lockdown.

At the time, demand for delivery services surged as many stayed at home.

“The online grocery store [would] take six, seven days to deliver, offline options were pretty much closed or unavailable. It was incredibly difficult for us to shop for groceries,” said Palicha, CEO of Zepto.

“We had similar conversations with our neighbors who were complaining about the same issue. That’s when we said…why not try to find a solution for the people in our neighborhood?”

If you look at all the other major e-commerce categories…you take them all and combine them, they’re only a fraction of the grocery market.

Aadit Palisha

Co-founder and CEO, Zepto

But Palicha and Vohra were no strangers to the instant grocery delivery business. In 2020 – at just 17 years old – they launched KiranaKart, which they said delivered races in Mumbai in less than 45 minutes.

“Some people were getting their deliveries [within] a delay of 10 to 15 minutes,” Vohra said.

“In terms of retention, how much they liked the platform and how often they referred their friends, [it] was significantly higher for people who received the deliveries within that time frame.”

“That’s why we said, ‘Look, maybe there’s some value in exploring this. “”

Zepto is not the only fast-paced business start-up in India, and the competition is heating up both domestically and globally. The nation’s online grocery market is expected to be worth around $24 billion by 2025, according to Redseer.


They weren’t wrong. India’s online grocery market could be worth up to $25 billion by 2025 and it’s an opportunity “too compelling to pass up,” according to research from consulting firm Redseer. Palicha said.

“If you look at all the other major e-commerce categories – electronics, apparel, you take them all and combine them, they’re just a fraction of the grocery market,” he added.

Building trust and reliability

In order to fulfill grocery orders in less than 10 minutes, the duo established a network of dark stores, or micro-distribution hubs through cities.

Dark stores are closed to the public, housing goods only for online ordering.

“We design our network across the city, to ensure that our pick-up points are very close to population groups in a specific neighborhood,” Palicha said.

In order to fulfill grocery orders in less than 10 minutes, the duo established a network of dark stores, like the one above, across cities.


“What ends up happening is that the average distances of our deliveries are so short that we are able to deliver consistently within 10 minutes.”

The startup added that the average distance for its deliveries ranges from 1.7 to 2 kilometers. Other forms of hyperlocal delivery, he said, could take “2 to 2.5 times longer than that.”

Today, Zepto says, it operates hundreds of dark stores in 10 cities across India, with tens of thousands of delivery drivers at work. Palicha added that he currently delivers “90 to 95%” of his orders between five and 20 minutes.

But speed isn’t Zepto’s only secret to retaining and retaining customers. The startup, whose name comes from zeptosecond – the smallest unit of time – claimed it was adding 100,000 new users per day.

“To really build long-term customer loyalty, what you really need is trust and reliability. Reliability comes in many forms,” ​​said Vohra, who is also the chief technology officer.

“Yes, we deliver on time, but also reliability in terms of – if I order 10 things, I get those exact 10 things. And if I order fruits and vegetables, [they’re] best possible quality.”

Reduce cash burn

Investors are also excited about Zepto’s popularity.

To date, the company has attracted $360 million from investors, including Y Combinator, US healthcare consortium Kaiser Permanente and Nexus Venture Partners. Its latest funding round puts the company on track for a likely $1 billion valuation.

Palicha said a key driver of Zepto’s investment success is its “operational discipline”.

“When we went to investors this time around, we showed very, very clear paths to profitability. We’ve gone from $0 in revenue about a year ago to today, we’re making hundreds of million dollars in annualized revenue,” he added.

“We always talk in terms of multiples and not percentages when it comes to our growth rate, and that’s something we’re passionate about.”

From day one, we have… forced ourselves to be efficient to make every dollar last.

Aadit Palisha

Co-founder and CEO, Zepto

Zepto claims to have successfully reduced its cash burn rate by 5x per order, while achieving 800% revenue growth quarter over quarter.

Even so, the days of easy money for energy-guzzling tech companies are over, as interest rates rise and investors demand more results. Nevertheless, the young founders remain unfazed.

“We’re in a position where you look at the size of our balance sheet, we’ve effectively secured capital to last us several years, in the context of this downturn,” Palicha said.

“Since day one, we have…forced ourselves to be efficient to make every dollar last. We are able to place more orders with the same amount of money, we can acquire more customers with the same amount of silver .”

The founders of Zepto may be young, but their belief in their product is unwavering. “Whether it’s in front of an investor, a senior executive, any government actor and regulator, you realize that what you’re building is on the right side of what customers want,” said Aadit Palicha (right).


Keeping costs lower than competitors in the high-growth technology category has given them an edge, the duo said.

“It just puts us in a position where we’re able to continue to grow in a sustainable way, where other people have been forced to … cause layoffs, basically pull growth plans and contract to survive in a market like this one,” Palicha added.

Hit “the billion”?

Due to this challenging environment, Palicha and Vohra are not resting on their laurels despite the new funding Zepto has in the bag.

“The main focus now is to just build the incremental scale we need to break even in key markets. Once we have a balance sheet that is now functioning at breakeven, we can start to grow. in new cities with much more confidence and clarity,” says Palicha.

Zepto was previously reported to be doing $200-400 million in annualized revenue and the founders are now hoping to “hit the billion mark.”

Palicha added: “[Zepto] was born as a personal project between Kaivalya and [me] to see if we could solve a small-scale problem in our neighborhood.”

“It eventually evolved into the company we are today, which we are extremely grateful for.”

Don’t miss: Here’s how you can protect your career against the recession, according to a CEO

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Yankees vs Royals odds, prediction, line: 2022 MLB picks, Saturday July 30 best bets from a proven model Sat, 30 Jul 2022 16:40:30 +0000

The Kansas City Royals (39-61) look to bounce back from the New York Yankees (68-33) in a Saturday afternoon battle. The Royals are in crisis, dropping four straight games, including two against the Yankees. Meanwhile, New York has the best record in the league. The Yankees have won two straight in hopes of making it three. Jonathan Heasley (1-5, 5.50 ERA) is on the mound for Kansas City. Nestor Cortes (8-3, 2.48 ERA) gets the start for the Yankees.

The first pitch is set for 2:05 p.m. ET. Caesars Sportsbook lists New York as the -335 money-line favorite (risk $335 to win $100) in the latest Royals vs. Yankees odds, while Kansas City is a +260 underdog. The plus-minus for the total number of points scored is set at nine. Before you lock in the Yankees vs Royals selections, you need to check out the MLB predictions and betting tips from SportsLine’s advanced computer simulation model.

The SportsLine projection model simulates every MLB game 10,000 times, and it’s 284-243 on MLB’s top money line picks since the start of the 2021 season, earning more than $400 for $100 of players. It’s the same pattern that pegged the 2021 Atlanta Braves at 10-1 as one of the top three bets to win it all last season. Everyone who followed him saw profitable returns.

Now the model has set his sights on the Yankees vs. Royals and has just locked in his MLB picks and predictions. You can head over to SportsLine now to see the model choices. Now, here are several MLB odds and betting lines for the Royals vs. Yankees:

  • Yankees vs. Royals money line: New York -335, Kansas City +260
  • Yankees vs. Royals race line: New York -1.5 (-160)
  • Yankees vs. Royals over-under: 9 points
  • NYY: Over bets are 8-1 in Yankees’ last nine games after win
  • KC: Royals are 4-1 in last five road games against left-handed starter
  • Yankees vs. Royals Picks: See the picks on SportsLine

Featured game | New York Yankees vs. Kansas City Royals

Why you should support the Yankees

Outfielder Andrew Benintendi was recently acquired from the opposing Kansas City Royals. Benintendi is an exceptional hitter with exceptional feel at home plate. The 28-year-old managed to average consistently with excellent plate coverage. Benintendi is also a good athlete and defender. He’s batting .316 with 40 runs scored.

Outfielder Aaron Judge is an absolute stallion on both sides of the game. Judge is a talented defender with good instincts and great agility in the outfield. The four-time All-Star is an exceptional power puncher with undeniable strength. He is looking to continue his stellar game. He ranks first in MLB in home runs (41) and RBIs (89). In Friday night’s victory, he hit two home runs, including one Grand Slam.

Why you should support the Royals

Infielder Nicky Lopez is an above average hitter with the ability to make consistent contact. Lopez has great awareness of the strike zone with his compact swing. The 27-year-old also has exceptional instincts in the batting box or with his glove. He is currently batting .244 with 13 RBIs. On July 24, he went 2 for 3 with a triple.

Whit Merrifield is a versatile defenseman who can play multiple positions in the infield. Merrifield showed his quickness and speed on goal but also defensively. He is tied for 12th in the league in stolen bases (15). The 33-year-old has a compact swing and can consistently hit singles to get on base. Merrifield is hitting .243 with five dingers and 40 RBIs.

How to make choices between Royals and Yankees

SportsLine’s model leans into the total, projecting 8.8 combined strokes. It also says that one side of the money line has all the value. You can only get the model’s MLB picks on SportsLine.

So who wins the Royals against the Yankees? And which side has all the value? Visit SportsLine now to see which way you should jump, all from the model who crushed his MLB picks, and find out.

JetBlue has won the battle for Spirit. Now he has to win Biden’s Justice Department Thu, 28 Jul 2022 18:29:22 +0000

JetBlue Airlines and Spirit Airlines are seen on the departures board at Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida.

Joe Raedle | Getty Images

JetBlue Airways eventually won Spirit Airlines with a $3.8 billion takeover deal. Now he has to convince antitrust regulators.

The New York-based airline snatched Spirit from Frontier Airlines with an all-cash offer that torpedoed the cash and stock deal the two low-cost airlines struck earlier this year. Hours after Spirit and Frontier said they had ended their merger deal, which lacked shareholder support, Spirit said it agreed to sell itself to JetBlue.

JetBlue said it expects to get regulatory approval in the fourth quarter of next year or the first three months of 2024. The carriers expect the deal to close in the first half of 2024. .

If regulators approve, it would spell the end of Spirit, a brand that has become a beacon on the indignities of discount air travel, where passengers trade in comforts such as standard legroom, snacks and luggage. free cabin for a cheap fare.

Will regulators allow an ultra-low-cost airline to be sucked into the hottest inflationary streak in decades and reshaped in the image of JetBlue, which is more like the big carriers?

The regulatory hurdle is high. President Joe Biden’s Justice Department and pledged to stamp out any deal that could harm competition. Last year, he sued to block JetBlue’s alliance with American Airlines in the northeast. A trial is due to begin at the end of September.

JetBlue is optimistic. The DOJ lawsuit alleges American could dominate JetBlue and says the alliance, which allows American and JetBlue to coordinate routes at busy airports serving New York and Boston, amounts to “a de facto merger.”

JetBlue CEO Robin Hayes said a combination of Spirit and JetBlue, which would become the nation’s fifth-largest airline, would create a strong competitor for the big four US carriers: American, Delta, United and Southwest. After more than a decade of consolidation, these carriers control about three quarters of the US market.

“The best thing we can do to make the industry more competitive is to create a truly national, low-cost, high-quality airline to compete on a more national scale with these legacy airlines,” Hayes said in a statement. interview. “By merging JetBlue and Spirit together, we are able to do this much faster than we would alone.”

The American declined to comment. The Justice Department did not immediately respond to a request for comment.

The Justice Department approved the airline mergers, but not without some legal battles. The combination of American Airlines and US Airways in 2013, for example, was approved at the end of that year after the department sued to end the deal.

But it will likely force JetBlue and Spirit to divest some of their assets in the process, said John Lopatka, a law professor specializing in antitrust law at Penn State Law.

Without it, “the public would have the impression that [the Justice Department] just gave in,” he said.

Regulators will study fares and specific city pairs, especially where airlines have large operations like Florida in the case of both carriers and the Northeast for JetBlue.

“I think they’re up against a lot,” Lopatka said of JetBlue and Spirit. “I think there’s almost no chance they can pull off the merger without some concessions.”

‘Cash stuffing’ trend goes viral among younger generations as inflation soars Sat, 23 Jul 2022 00:26:00 +0000

NORTH TEXAS (CBSDFW.COM) – This is an old trend that is now experiencing a resurgence of interest, called cash stuffing.

It’s going viral with younger generations looking for creative ways to budget during inflation.

What cash stuffing involves is putting money in separate envelopes labeled for specific needs such as gas, groceries, or rent to make budgeting easier.



Texas resident Jasmine Taylor posts TikTok videos explaining how she saves money using the method.

“I started sharing it and it just took off,” Taylor said.

She started doing this around her 30th birthday when the bills were piling up and needed a solution.

“I personally use what I call zero-based budgeting, so whatever I get paid, every dollar I make, I give it a place,” Taylor added.

Lately, his views on TikTok have skyrocketed with his channel Baddies and Budgets.

“I think more people are drawn to this because so many people just don’t have financial literacy, so just having a simple method of budgeting in the times we live in now… is so much more appealing to people,” Taylor said.

Financial experts believe that this trend is attractive due to current economic conditions.

“People are feeling the pressure they are feeling, they are seeing their savings dwindle and they are looking for habits to improve,” said Stewart Fields, managing partner at OpenAir Advisers.

Fields sees a lot of upside to stuffing the cash.

“The biggest benefit is not using your credit cards and getting into more debt or reducing the debt you’re already carrying,” Fields said.

But he warns that not using credit cards can impact your credit score.

Also, keep your money in a safe place.

“Money can be lost, it can be stolen from many home insurance policies, many renter’s insurance policies don’t cover lost money and if they do, it’s very minimal,” said Fields.

Taylor makes sure to keep her money locked away in a fireproof safe and once an envelope contains $1,000, she puts it in the bank.