➡️ Original article: Acorns has a new promotion that gives you extra $300 for referring friends to join the investment app. Normally you get $5 for every referral, and people who sign up also get $5. But now you get an extra $300 when you invite four people within the month.
Offer
Earn a $300 investment when you invite 4 friends to start investing with Acorns by August 31. Plus, you get an extra $5 for every referral, and the person you refer gets $5 invested, too!
Friends must sign up on or after 08/01/2020 and have a verified account in good standing and make their first successful investment by 08/31/2020.
Bonuses are paid out by 09/15/2020.
Referees and Referrers who close their account before 09/15/2020, make an investment that results in a reversal from their bank, or accounts that are otherwise not in good standing will not qualify for the promotion.
Acorns is an investing app that round up your daily purchases and automatically invests the ‘change’ into a diversified portfolio of ETFs. Acorns makes it cheaper to invest, but it’s not free. It will cost you $1 per month for accounts under $5,000, or 0.25% per year for accounts over $5,000. Individuals under 24 years of age and those attending college pay no fees. You can read more about the app here.
They also have a ‘Found Money’ rewards program that works like a cashback portal, but the cash back is invested instead.
Is there anything more simultaneously terrifying and hot than being balls deep in your woman and she wraps her legs around your back and begs for you to be the father of her children? Thank God for birth control because I have not got the strength to pull out of a vixen.
INNA knows how to create a masterpiece – and quickly. In just 16 days, INNA and her team isolated themselves from the rest of society and made an entire body of work. They toyed with sounds and mixed electronic and deep house vocals to create Dance Queen’s House: an anthology of albums called Just Dance that compile 16 days-worth of well-rounded EDM tracks.
To make an album is impressive, but to complete a collection of music in a little over two weeks is almost unheard of. It speaks to INNA’s dedication to her music and how easily creating quality house music comes to her. She’s a force to be reckoned with in the music industry, with a natural talent that shows through in her music.
With previous success in her single “Hot,” and collaborations with Pitbull, Daddy Yankee, J Balvin, Flo Rida, and Sean Paul, INNA’s new album has been highly anticipated. Just Dance is every bit as exciting as promised. The future is bright for INNA, who never fails to create a stellar track.
INNA spoke exclusively with Popdust about creating Just Dance, her time on The Voice, and her future plans:
Your new album Just Dance is the third album from your Dance Queen’s House Project, which you created in 16 days – what was the writing and recording process like for you?
It’s already a tradition to end the year with a Dance Queen’s House session: 16 days, a lot of music, friends, colleagues, producers and songwriters from Global Records. I’m sharing my passion for music with a lot of surprises and 8 episodes on my YouTube channel with the entire experience. And of course, a new album with the songs produced and written in DQH. I’m happy I’m able to do what I love and that I get to release an album every year. At the beginning of this year, I released the first part of my album “Just Dance” and on the 14th of April, the second part of the album will be out!
You’ve notoriously collaborated with J Balvin, Daddy Yankee, Flo Rida, Pitbull and more. Is there anyone you want to work with in the future?
I’m super grateful for everything I achieved in my career, and of course, for the collaborations. There are lots of other artists I admire and I hope I will get to work with. Actually, this year I will have some collaborations I am excited for. Stay tuned!
What has been your favorite memory while with Jay-Z’s label, Roc Nation?
The entire experience was amazing: first of all, I appreciated that the album got signed with ROC Nation and I felt special and appreciated. I got to meet the team, a lot of artists during the ROC Nation brunch, and had an intense media tour. It was truly amazing!
Your YouTube channel has over 7 million subscribers, where you not only post your music videos, but vlogs that help your fans connect with you! The most recent vlogs were about making part two of your Just Dance album. What’s the most fun part of making the vlogs? Will there be more in the future?
Usually, I’m doing the vlogs during Dance Queen’s House. But I also have “on the road” videos from my tour around the world, and behind the scenes from shootings and official videos. Subscribe and have fun!
What was your favorite part about making your Just Dance album and how was creating part two different from part one?
Both parts of the album were created during Dance Queen’s House, so the process was the same: intense and fun, with a lot of inspiration and fresh vibes from Alex Cotoi, IRAIDA and Marco & Seba, the creative team behind the album.
What are your favorite tracks off Just Dance?
From the first part of the album “Just Dance”, my favorite song is “We Should Get Lost.” From the second one, stay tuned!
Do you have any plans on touring in the future?
Right now, I’m in Mexico. I’ve just finished performing at a festival in Veracruz. Unbelievable experience! And this spring and summer are full of shows in Turkey, Finland, Romania, Latvia, Spain, Bulgaria, Hungary, UK, Morocco, and many more to be added to the list. Hope to see you at my shows!
BENGALURU, Feb 13 (Reuters) – Indian shares were off to a muted start on Monday, ahead of domestic retail inflation data due later in the day and U.S. inflation data due tomorrow, while the ongoing uncertainty and spillover effects from the Adani Group’s market rout continued to create an overhang.
The Nifty 50 index (.NSEI) was down 0.29% at 17,804.60 as of 9:37 a.m. IST, while the S&P BSE Sensex (.BSESN) fell 0.35% to 60,472.28.
Ten of the 13 major sectoral indexes declined, with information technology stocks (.NIFTYIT) falling nearly 2% amid worries of a growth slowdown in the U.S., from where they get a significant share of their revenue.
On the flip side, metals (.NIFTYMET) gained with a 1% rise.
Twenty-seven of Nifty 50 constituents advanced with Titan Co (TITN.NS) and Eicher Motors Ltd (EICH.NS) among top gainers.
Wall Street equities closed lower on Friday, on fears of a longer-than-expected high-rate regime after hawkish comments from key Federal Reserve officials.
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Asian markets fell, with the MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) sliding 0.63%.
Investors await India’s retail inflation data for January, due today. A Reuters poll of economists showed that India’s annual retail inflation rose from a 12-month low in December, but stayed within the 6% upper limit of RBI’s tolerance band in January.
“The Adani group saga continues to weigh on investors’ minds and hence the sentiment has been negative,” said Prashanth Tapse of Mehta Equities.
The group has lost over $100 billion in market value since Jan. 24, when U.S. short-seller Hindenburg Research accused the conglomerate of stock manipulation and improper use of tax havens.
India’s market regulator is probing the group’s links to some of the investors in its scrapped $2.5 billion share sale of the flagship Adani Enterprises.
($1 = 82.5250 Indian rupees)
Reporting by Bharath Rajeswaran in Bengaluru; Editing by Janane Venkatraman, Nivedita Bhattacharjee
Moody’s warns will find it harder to raise capital
NEW DELHI, Feb 3 (Reuters) – Financial contagion fears spread in India on Friday as the Adani Group’s crisis worsened, with ratings agency Moody’s warning the conglomerate may struggle to raise capital and S&P cutting the outlook on two of its businesses.
Chaotic scenes in both houses of India’s parliament led to their adjournment on Friday as some lawmakers demanded an inquiry after a dramatic meltdown in the stock market values of Indian billionaire Gautam Adani’s companies.
The crisis was triggered by a Hindenburg Research report last week in which the U.S.-based short-seller accused the Adani Group of stock manipulation and unsustainable debt.
Adani Group, one of India’s top conglomerates, has rejected the criticism and denied wrongdoing in detailed rebuttals, but that has failed to arrest the unabated fall in its shares.
In the latest sign of the crisis widening, India’s ministry of corporate affairs has begun a preliminary review of Adani Group’s financial statements and other regulatory submissions made over the years, two government officials told Reuters.
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Although shares in Adani companies recovered after sharp falls earlier on Friday, the seven listed firms have still lost about half their market value, totalling more than $100 billion since Hindenburg published its report on Jan. 24.
Moody’s warned the share plunge could hit the Adani Group’s ability to raise capital, although fellow credit ratings agency Fitch saw no immediate impact on its ratings.
“These adverse developments are likely to reduce the group’s ability to raise capital to fund committed capex or refinance maturing debt over the next 1-2 years. We recognise that a portion of the capex is deferrable,” Moody’s said.
For Adani, a former school drop-out from Gujarat, the western home state of Indian Prime Minister Narendra Modi, the crisis presents the biggest reputational and business challenge of his life, as his firm struggles to assuage investor concerns.
Amid fears the turmoil could spill over into the broader financial system, some Indian politicians have called for a wider investigation, and sources have told Reuters the central bank has asked lenders for details of exposure to the group.
“Contagion concerns are widening, but still limited to the banking sector,” Charu Chanana, a market strategist with Saxo Markets in Singapore, said on Friday.
The Reserve Bank of India said the country’s banking system remains resilient and stable. State Bank of India said it was not concerned about the exposure to Adani Group, but further financing to its projects would be “evaluated on its own merit”.
Adani Enterprises shares closed 1.4% higher, after earlier slumping 35% to hit their lowest since March 2021. That low took its losses to nearly $33.6 billion since last week, a 70% fall.
Shares fell 5% in Adani Total Gas (ADAG.NS), a joint venture with France’s TotalEnergies (TTEF.PA), which said its exposure to Adani companies was limited.
Traffic moves past the logo of the Adani Group installed at a roundabout on the ring road in Ahmedabad, India, Feb. 2, 2023. REUTERS/Amit Dave
Adani Ports and Special Economic Zone (APSE.NS) was up 8%, while Adani Transmission (ADAI.NS) and Adani Green Energy (ADNA.NS) were both down 10%.
“There is a risk that investor concerns about the group’s governance and disclosures are larger than we have currently factored into our ratings,” S&P said, as it cut its outlook on Adani Ports and Adani Electricity to negative from stable.
India’s divestment secretary Tuhin Kanta Pandey told Reuters that Life Insurance Corp (LIC) shareholders and customers should not be concerned about its exposure to the Adani Group.
State-run LIC (LIFI.NS) has a 4.23% stake in the flagship Adani Enterprises, while its other exposures include a 9.14% stake in Adani Ports.
Reuters Graphics
‘ONE INSTANCE’
Adani, 60, has in recent years forged partnerships with, and attracted investment from, foreign giants as he pursued global expansion in industries from ports to power.
The market and financial crisis means foreign investors, many already underweight on India as they consider its stock market overpriced, are reducing exposure.
“One instance, however much talked about globally it may be … is not going to be indicative of how well Indian financial markets are governed,” Indian Finance Minister Nirmala Sitharaman told Network18 when asked about the market weakness.
Reuters Graphics
Hindenburg’s report said key listed Adani companies had “substantial debt” and shares in the seven listed firms had a downside of 85% due to what it called sky-high valuations.
The Adani Group has called the report baseless and said over the past decade, its companies have “consistently de-levered”.
The listed Adani firms now have a combined market value of $107.5 billion, versus $218 billion before the report.
That has forced Adani to cede the crown of Asia’s richest person to Indian rival Mukesh Ambani of Reliance Industries Ltd (RELI.NS), and he has slid to 17th in Forbes’ list of the world’s wealthiest people.
He had ranked third, behind Elon Musk and Bernard Arnault.
Reporting by Aditya Kalra, Chris Thomas, Ankur Banerjee, Bansari Mayur Kamdar, Shivam Patel, Tanvi Mehta and Rae Wee in Singapore; Editing by Clarence Fernandez, Mark Potter and Alexander Smith
Oct 25 (Reuters) – Adidas AG (ADSGn.DE) terminated its partnership with rapper and fashion designer Ye on Tuesday after he made a series of antisemitic remarks, a move that knocked the musician off the Forbes list of the world’s billionaires.
Adidas put the tie-up, which has produced several hot-selling Yeezy branded sneakers, under review this month.
“Adidas does not tolerate antisemitism and any other sort of hate speech,” the German company said on Tuesday.
“Ye’s recent comments and actions have been unacceptable, hateful and dangerous, and they violate the company’s values of diversity and inclusion, mutual respect and fairness,” it said.
Forbes magazine said the end of the deal meant Ye’s net worth shrank to $400 million. The magazine had valued his share of the Adidas partnership at $1.5 billion.
The remainder of Ye’s wealth comes from real estate, cash, his music catalogue and a 5% stake in ex-wife Kim Kardashian’s shapewear firm, Skims, Forbes said.
Representatives for Ye, formerly known as Kanye West, did not immediately respond to a request for comment.
For Adidas, ending the partnership and the production of Yeezy branded products, as well as stopping all payments to Ye and his companies, will have a “short-term negative impact” of up to 250 million euros ($248.90 million) on net income this year, the company said.
Ye has courted controversy in recent months by publicly ending major corporate tie-ups and making outbursts on social media against other celebrities. His Twitter and Instagram accounts were restricted, with the social media platforms removing some of his online posts that users condemned as antisemitic.
In now-deleted Instagram posts earlier this year, the multiple Grammy award-winning artist accused Adidas and U.S. apparel retailer Gap Inc (GPS.N) of failing to build contractually promised permanent stores for products from his Yeezy fashion line.
[1/3] Singer Kanye West walks past models after presenting his Fall/Winter 2015 partnership line with Adidas at New York Fashion Week February 12, 2015. REUTERS/Lucas Jackson/File Photo
He also accused Adidas of stealing his designs for its own products.
On Tuesday, Gap, which had ended its partnership with Ye in September, said it was taking immediate steps to remove Yeezy Gap products from its stores and that it had shut down YeezyGap.com.
“Antisemitism, racism and hate in any form are inexcusable and not tolerated in accordance with our values,” Gap said in a statement.
European fashion house Balenciaga has also cut ties with Ye, according to media reports.
“The saga of Ye … underlines the importance of vetting celebrities thoroughly and avoiding those who are overly controversial or unstable,” said Neil Saunders, managing director of GlobalData.
Adidas poached Ye from rival Nike Inc (NKE.N) in 2013 and agreed to a new long-term partnership in 2016 in what the company then called “the most significant partnership created between a non-athlete and a sports brand.”
The tie-up helped the German brand close the gap with Nike in the U.S. market.
Yeezy sneakers, which cost between $200 and $700, generate about 1.5 billion euros ($1.47 billion) in annual sales for Adidas, making up a little over 7% of its total revenue, according to estimates from Telsey Advisory Group.
Shares in Adidas, which cut its full-year forecast last week, closed down 3.2%. The group said it would provide more information as part of its upcoming Q3 earnings announcement on Nov. 9.
($1 = 1.0044 euros)
Reporting by Mrinmay Dey, Uday Sampath and Aishwarya Venugopal in Bengaluru and Lisa Richwine in Los Angeles; Editing by Tomasz Janowski, Sriraj Kalluvila, Bernadette Baum, Anil D’Silva and Cynthia Osterman
ROCKFORD, Ill. (WIFR) – It’s an American tradition, as soon as the leaves start falling, the pumpkin spice lattes start pouring. The flavor seeped into the public consciousness in 2003, when Starbucks realized no one had tapped into the world of pumpkin. The company thought it would be the perfect addition for its fall collection, and they were right.
“I don’t know why, but people go crazy for it,” said Sam Lopez, Manager of The Velvet Robot Coffee Lab.
However, is this autumn squash slowly losing its magic?
“We were like man, you know, we don’t enjoy pumpkin spice lattes or pumpkin spice in general as much as everyone else seems to, so there’s gotta be other people who feel that way, so when we did our little study that’s exactly what we found out,” said Jason Patton, Vice President of Fire Department Coffee in Rockford.
Patton and his team conducted a survey where they interviewed 500 Americans about the signature spice. Here are some of the results:
– Only 26% said they prefer pumpkin spice over other flavors.
– 10% say they’ve had at least one argument with a friend or family member over differing pumpkin spice opinions.
-11% said they’d consider breaking up with a partner over differing pumpkin spice opinion.
As a result, Patton think there’s new fall coffee flavors on the horizon.
“People love crème brulee, so I’m gonna play with crème brulee, make it like a salted caramel brulee,” said Pete DuFoe, who owns Inzombia Coffee.
“When we created our vanilla bean bourbon infused coffee for home, bean or whole ground, that was our highest seller immediately,” Patton said.
As we move into winter, peppermint and cinnamon will take center stage.
ZURICH, Oct 5 (Reuters) – The Swiss National Bank (SNB) is following the situation at Credit Suisse (CSGN.S) closely, SNB Governing Board member Andrea Maechler told Reuters on Wednesday.
Switzerland’s second-biggest bank saw its shares slide by as much as 11.5% and its bonds hit record lows on Monday, before clawing back some of the losses, amid concerns about its ability to restructure its business without asking investors for more money. read more
“We are monitoring the situation,” Maechler said on the sidelines of an event in Zurich. “They are working on a strategy due to come out at the end of October.”
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The SNB has declined to comment in the past about Credit Suisse, which has said it has a strong capital base and liquidity. It is due to announce details of a restructuring plan along with third-quarter results on Oct. 27.
In July, Credit Suisse announced its second strategy review in a year and replaced its chief executive, bringing in restructuring expert Ulrich Koerner to prune its investment banking arm and cut more than $1 billion in costs. read more
The bank is considering measures to scale back its investment bank into a “capital-light, advisory-led” business, and is evaluating strategic options for the securitised products business, Credit Suisse has said.
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Reporting by John Revill
Editing by Michael Shields and Mark Potter
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