Summary List PlacementCurious to know what the cutoff is to be in the wealthiest 1%? The new annual Wealth Report from Knight Frank breaks the numbers down for the US and other countries around the world. An individual in the US needs a net wealth of $4.4 million to be among the richest 1% in the world, according to the Knight Frank 2021 Wealth Report. Compared to the rest of the world, the US has the third-highest wealth threshold to break into the 1%. However, the US has the highest number of what Knight Frank calls UHNWI residents — ultra-high net worth individuals. The real-estate consultancy firm defines a UHNWI resident as someone whose net wealth exceeds $30 million. Switzerland has the second-highest wealth threshold, with a person needing $5.1 million to join the richest 1%. M...
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A group of Wall Street Bets traders is laying new plans for a ‘gamma squeeze’ on GameStop stock (GME)
Summary List PlacementA group of traders on Reddit's WallStreetBets (WSB) forum is targeting GameStop yet again, laying new plans for a "gamma squeeze" on the stock. The move comes amid a new rally in GameStop shares, which are up over 150% this week alone. A user by the name of "KitrosReddit" explained in a post the potential for a "Mother of all short squeezes" on Thursday, garnering over 25,000 upvotes on Reddit's WallStreetBets forum. In the post, the WSB member argues that it wasn't a classic short squeeze that drove GameStop share prices higher in the first Reddit-driven surge, but rather something called a "gamma squeeze". And while posts on Reddit are not always backed by empirical evidence, the user made a strong case. Steve Sosnick, the chief strategist of Interactive Brokers...
Read MoreAlthough our best intentions are to approach every day as Earth Day, sometimes we need a reminder (and a little green-guidance) in order to lead more eco-conscious lives. In honor of supporting worldwide environmental protection every day, we're tackling an at-home sustainability step that's easy enough to practice in your sleep. We rounded up the top sustainable companies that are redefining our concept of what trendy bedding looks and feels like — along with all the deals you can score by shopping them. The rise in direct-to-consumer bedding brands not only translates to higher quality goods for fairer prices but also to higher quality goods made with fairer environmental practices; from the softest sheet sets made with chemical- and cruelty-free manufacturing to partially biodegradable-
Read MoreAMC There were 500 days in between seasons four and five of Better Call Saul, so fans of the series are used to waiting a while between seasons. That’s good because they will almost certainly have to wait even longer between the fifth and the final season. The last episode aired in April 2020, and if AMC were to maintain the 500-day break, Saul would return on September 21st, 2021. That’s unlikely, although early 2022 is looking like a definite possibility. Production on the final season is set to begin in March, according to the Albuquerque Journal, while a local casting company is currently looking for background players, who will need to be available in the second week of March when filming begins. One cast member has also tipped off that they’re heading to the set to begin pro...
Read More“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead. Buzz: California home prices are 5% to 9% too high based on the state’s economic strength, according to a Wall Street credit-rating agency. Source: The latest report, based on 2020 third-quarter trends, comes from Fitch Ratings’ quarterly measurement of home prices vs. underlying business and real estate fundamentals. The Trend California was downgraded to “overvalued” after a 7.1% price gain in a year — an increase that was only No. 30 among the states. A year earlier, Fitch graded California’s market as “sustainable” (properly priced). Two years ago, the state got the same 5% to 9% overvalued grade. The dissection California’s rising housing risk is by no means alone or anywhere near the nat...
Read MoreBidding wars are back with a vengeance. The inventory of Southern California homes for sale hasn’t been this low since the spring of 2004, California Association of Realtors figures show. At the same time, demand is high as buyers rush to take advantage of record-low mortgage rates. Given the current condition of the residential real estate market, it seems prudent to dust off my Primer on Multiple Offers. So here we go. For home sellers, regardless of the condition of your house and your efforts to update, clean, and stage it, you are very likely to get multiple offers. This means it will take more of your time to review the different offers and the inherent pros and cons of each one. The best thing to do is start a spreadsheet with all of the relevant factors and load it up with each of
Read MoreThese days, the only thing constant is change itself, and that extends to the wild world of film festivals. While the pandemic has forced some festivals to go entirely virtual, move dates or outright cancel, or line up ambitious hybrids, this year’s Berlinale is opting to do something totally new: a little bit of all of the above. While Berlin usually follows Sundance with a February festival, the pandemic has forced organizers to develop a brand-new festival format for 2021. The 71st Berlin International Film Festival is set to take place care of two different events in the coming months: the “Industry Event” from March 1 to 5, which will include the European Film Market (EFM), the Berlinale Co-Production Market, the Berlinale Talents, and the World Cinema Fund in online forms, which will
Read MoreOnce a year, America acknowledges the egregious pay gap in which Latinas earn just 67 cents for every dollar a non-Latinx white man makes. It’s time we interrogate this fact year-round. The L-Suite examines the diverse ways in which Latinx professionals have built their careers, how they’ve navigated notoriously disruptive roadblocks, and how they’re attempting to dismantle these obstacles for the rest of their communities. This month, we’re talking with Spanish lecturer and language coach Dr. Aisha Cort about navigating spaces as a Black Latina, being the first Afro-Latina PhD graduate from her program, and the importance of learning new languages. While the enrollment numbers of Black American college students are increasing, there’s still a low number of those who go on to obtain a
Read MoreIn the Feb. 18 episode of Summer House, Hannah Berner and Luke Gulbranson finally had it out about the weird love triangle he brought them all into. Hannah explained she was upset because he'd talked to her for months only to bring another girl — Ciara Miller — into the house. Luke insisted they were never serious and wasn't leading her on. And Ciara just awkwardly watched it all unfold. Afterward, Hannah and Luke got into another explosive argument, during which they seemed to end their friendship. The season is only a few weeks in, so it's possible they'll make up later in the summer. But Hannah did seemingly shade Luke on Twitter. "Yea sex is cool but have you ever gotten out of a toxic situationship?" she wrote in early February. Re-sharing the tweet to Instagram, she added, "I’ve got...
Read MoreEver since we traded in our office outfits for more casual WFH wardrobes, sweatpants have skyrocketed from the bottom drawer to the forefront of our closets. And, with winter in full effect, there's no better choice in versatile stay-at-home attire than this loungewear staple. In an effort to narrow down the best of the best, we went straight to the sweatpants' source: you.We started our hunt inside Refinery29's Slack channels, where a passionate discussion ensued about which sweatpants reign supreme. We then asked our dedicated readers (aka you!) to spill the beans on which comfy pants are must-buy material — and the ensuing style recs did not disappoint. Read on to peep what we, you, and your crew are lounging in (with sweatpant-selfies included): there's everything from cotton-fleece cl
Read MoreA fugitive from Santa Cruz County was taken into custody at his Tahoe vacation home after an hours-long standoff on Wednesday, South Lake Tahoe police said. The 55-year-old man had left Santa Cruz after sheriff’s deputies came to his home Wednesday with a search warrant. He was out on bail, facing dozens of felony charges, the police said. “He also had numerous warrants for his arrest for charges including domestic violence, felony threats (and) intimidating witnesses, and had been known to threaten to kill law enforcement,” said the report from the South Lake Tahoe police. The Santa Cruz County deputies reportedly found dozens of weapons in his home, as well as tactical vests with Washoe County Sheriff’s Office patches on them. After the man disappeared from Santa Cruz, the South Lake Ta...
Read MoreJust two weeks ago we put together a very early projection for what the Oakland A’s opening day roster for the 2021 season might look like. It was a slightly bleak projection, determined on the basis that the A’s weren’t going to have much wiggle room in their budget to make many significant moves. We should have known that no budget ceiling is too low for executive vice president of baseball operations Billy Beane and general manager David Forst. They made a flurry of trades and free agent signings over the last few weeks that rendered the roster projection on Feb. 10th moot. Now, considering trades and signings that had the A’s lose Khris Davis and Sheldon Neuse and add Elvis Andrus, Mitch Moreland, Adam Kolarek, Sergio Romo and Trevor Rosenthal, it’s time to revise the projection. Here’
Read MoreA group of community arts leaders, under the banner San Jose Arts Advocates, have presented an open letter to Mayor Sam Liccardo questioning the early removal of an artwork that was part of an exhibition at Mineta San Jose International Airport. The piece didn’t get close to the same leeway or public process that the controversial Fallon Statue is being accorded, the group says. Some quick background: “Americana,” created by Eric Bui, depicts a person atop a vehicle that looks like a police car, holding an upside down, tattered U.S. flag, and there are red splotches on the side windows of the car. It was one of 16 pieces installed in the first part of “Holding the Moment,” a monthly, rotating exhibition of 96 artworks at the airport meant to showcase artistic interpretations of life during
Read MoreSummary List PlacementWith the coronavirus pandemic bringing digital banking to the forefront, neobanks have had a massive opportunity in the past year to showcase their digital-first capabilities. But these challengers have also been forced to reevaluate many of their offerings, as pressures like falling interest rates and changes in spending habits rock their value propositions. Insider Intelligence spoke with Alex Weber, chief growth officer of N26, about adapting to new industry dynamics, and how the fast-growing German neobank—which has operations in Europe, the US, and soon Brazil—is harnessing pandemic-driven trends to its benefit. The following has been edited for brevity and clarity. Insider Intelligence (II): What have been some of the biggest challenges presented by the pand
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