Billionaire investor Paul Singer has a bleak outlook for Wall Street, and he has built a $5 billion rainy-day fund in preparation for what he describes as “all hell” to break out. Singer, who runs $33 billion hedge fund Elliot Management, wrote in a recent letter to investors that a bout of protracted low volatility and a tendency of stocks to levitate higher is likely to lead to near-term carnage in financial markets: Here’s how Singer puts it: The hedge-fund manager has raised some $5 billion in recent weeks, according to Reuters, that he says will be put to work when investor confidence finally gets brought to its knees. He raised the sum in about 24 hours, the report indicated. Lately, the
Speeding toward financial independence is easier when you know which financial choices can slow you down. "At first blush, buying the latest and greatest version of the ultimate driving machine may seem like a value worthy of your hard-earned money," says California financial advisor Anthony M. Montenegro of Blackmont Advisors.
While the coffee giant has recently launched an initiative to improve customer service and better support in-store staff, many baristas say Starbucks has refused to address underlying issues. Business Insider spoke with a dozen current and former Starbucks workers on condition of anonymity in an attempt to get to the bottom of what in-store employees think Starbucks needs to fix. Starbucks says it's talking with partners, the company's term for retail employees, to improve work conditions.