Author: openjargon

  • I quit bartending at Twin Peaks to start my marketing career. Within 3 years, I was a CMO earning double my former income.

    a woman in a black outfit standing in a brown field
    Brittany Betts is a marketing professional in Nashville.

    • Brittany Betts left her job bartending at Twin Peaks in 2021 to pursue a marketing career.
    • She started as an intern at StaySense and moved up before becoming the CMO within three years.
    • While Twin Peaks helped her pay her way through college, she's now earning six figures.

    This as-told-to essay is based on a conversation with Brittany Betts, a 28-year-old CMO in Nashville. It's been edited for length and clarity.

    I'm the online travel agency manager and CMO of StaySense, a short-term vacation rental management platform owned by Guesty.

    I started working at Sonic when I was 15. When I was 17, I had a few random serving and hosting jobs at restaurants like Chili's.

    I went to college and needed to make more money, so I applied and started serving at Twin Peaks, a restaurant similar to Hooters, in 2015 because I heard the tips are higher than at a traditional restaurant.

    When I first started working at Twin Peaks, I was young and extremely shy

    I was grateful for my first few years at Twin Peaks. I started to break out of my shell, felt confident, and made a good living.

    As I got older, my body and mindset changed. The Twin Peaks in Tennessee, where I worked, valued the size of my pants over my work ethic. I also briefly worked at a Twin Peaks location in Florida, and it was the same. There's a franchise standard for working there.

    Customers and managers commented on my weight and other women's appearances, which felt demeaning. I told myself it was what I signed up for since I signed a waiver to be a model there (hostesses, servers, and bartenders are considered "models").

    When I started, my brother died, and I barely ate, was depressed, and was tiny. My body started changing as I got healthier, and I knew I had to lose weight to keep my job. I began to struggle with an eating disorder.

    I hit a breaking point in 2020. Working at Twin Peaks helped me pay my way through college, but I realized I was ready to venture out in my career. I quit in 2021.

    During the pandemic, I started taking marketing classes on LinkedIn, so I would be prepared for my exit

    I loved my business administration classes about marketing in college, so I always knew it was a potential career choice.

    I took an intro and advanced Google Analytics class, a Scrum Master class for managing software meetings, a content marketing intro class, a marketing copy class, an online marketing foundations class, and a social media promotion class during the pandemic.

    I had one internship and freelance social media management experience, but I had a very hard time finding a job when I left Twin Peaks. I didn't want to do another internship initially because I wanted to make a better living.

    Luckily, I had an extremely supportive partner who knew I was unhappy. They sat with me and discussed opportunities, and we found the internship for StaySense on Indeed. I remember being so nervous for the interview that I was shaking, but I put it plainly that I was willing to learn, and I wanted to develop my career.

    I started at StaySense 2021

    I was hired and started a marketing internship at StaySense in the summer of 2021. My internship mostly consisted of data entry, reviews, and content writing. I made it a point to tell StaySense how much I enjoyed working there and that I wanted more responsibility.

    After a few months, I was hired as a full-time marketing specialist, and my responsibilities grew. Two years later, I was promoted to CMO over our business unit. This year, I also became Guesty's online travel agency (GOTA) manager.

    My income has doubled from bartending to marketing

    I work in the office five days a week from 8 a.m. to 6 p.m., an additional day on the weekend, and a few extra hours some nights. I try to maintain a healthy work-life balance, so I work when I can but make time for my family and friends.

    In three years, I doubled my bartending income. When I left, I made in the mid-five-figure range, and now I make in the low six figures.

    I highly suggest finding a mentor

    Having a mentor and asking questions are two main reasons I progressed so quickly. I had two mentors, the former CEO and owner of my company and my direct manager when I was hired.

    I asked to learn more about marketing, about the startup from the ground up, about previous failures, and for more responsibility and opportunity.

    I didn't care if it sounded stupid or I "should have" already known the answer. Instead, I asked, got my answers, and continued to develop my own personal brand through the help of mentors and peers. Rely on them and build your network.

    Don't stay in one place for too long because of the fear of trying something new

    The most common notions associated with the fear of something new are increasing self-doubt, lack of security, and worry of failure.

    Failure stems from not putting yourself out there. You can't expect results like happiness, wealth, and career progression without taking the steps to get there. My only regret is not leaving my service industry job sooner to start my marketing career.

    Read the original article on Business Insider
  • I was shocked to be laid off from my tech job — but I quickly realized it was a dream come true

    Lucas Frischmann headshot.
    Lucas Frischmann has worked in tech for over 20 years.

    • Lucas Frischmann was laid off from Snap in February and left the country 1.5 weeks after the notice.
    • He'd been working in tech since he was 15 and had roles at Twitter (now X), Meta, Snap, and more.
    • Frischmann said the layoff gave him and his wife an opportunity to travel and explore.

    This as-told-to essay is based on a conversation with Lucas Frischmann, a 34-year-old former Snap employee from Los Angeles. It's been edited for length and clarity.

    I completed a 3.5-year apprenticeship as a media designer and engineer, and I've been in the tech industry since I was 15.

    Then I started my career as a software engineer and later transitioned to different positions at Twitter (now X), Meta, and Snap. At Twitter, I was a senior product manager from 2016 to 2017 before spending four and a half years at Meta in global product and program management roles from 2017 to 2020.

    After three years of self-employment, I joined Snap in May 2022 as a technical project manager and was just laid off in February. My feelings about my layoff quickly transitioned from initial shock to recognizing an opportunity.

    I finally had the chance to pause, recharge, and explore my dream of traveling, which had been deferred by the pandemic and previous commitments. This traveling period has also reinforced the importance of direct social interactions in an increasingly digital age and helped me spark some new tech ideas.

    I received the news of my layoff during an early morning video call and left the country a week later

    My manager shared the news with me in an early morning video call, and it kind of felt like a dream come true. Despite the challenges my colleagues faced, which weighed on me emotionally, my immediate reaction was one of positive anticipation.

    I'd long aspired to take a significant break, with specific plans for an Asia tour postponed since 2020 due to the COVID-19 pandemic. Though unsettling, the layoff coincided with my long-term desire to explore and connect with the world more deeply with my wife — who has a similar layoff experience from Twitch.

    Lucas Frischmann and his wife in Vietnam.
    Frischmann and his wife in Vietnam.

    We terminated our lease, put everything in storage, and took off just a week and a half after receiving the layoff notice.

    Snap gave me a severance package, but I was already prepared for a change

    Thanks to prior planning and savings, we weren't concerned about immediate financial stability, job security, or the severance package itself.

    Snap's support was within industry norms, enabling me to embark on a journey of self-discovery and exploration soon after receiving notice. Leaving so quickly wouldn't have been possible without the support of our LA friends, who helped us in many ways.

    These friends let us keep valuable items at their places, assisted with moving, checked in on us regularly, and even offered us a place to stay before we left — and when we should return.

    Lucas Frischmann and his wife standing in front of the Duomo di Milano in Italy.
    Frischmann and his wife standing in front of the Duomo di Milano in Italy.

    Our trip has taken us through Taiwan, Thailand, Vietnam, Japan, Indonesia, South Korea, Italy and other parts of Europe, such as Austria, Germany, and Switzerland. Each destination has been a chapter of learning and exploration.

    Traveling has broadened my perspective of the world, other cultures, and how tech is used to connect people

    Our travels have been opportunities to network, learn from diverse business cultures, and understand the global tech landscape.

    For instance, Bangkok has offered unique insights into work-life balance and a business pace, which is very different from my US and European experiences. Bangkok's business culture feels much more "laid back and go with the flow," while in the US, we're more focused on execution, momentum, and getting business done more efficiently and quickly.

    Currently, I'm offering my expertise and experience to companies facing tech, product, program, or operational challenges. I've used this traveling time to reflect and observe how people use technology and live their lives. I reflected on the modern lifestyle and noted how many people "misuse" their smartphones.

    Lucas Frischmann and his wife posing in front of a scenic ocean view.
    Frischmann and his wife at the Amalfi Coast in Italy.

    Instead of using them to gain knowledge or improve their lives, people often spend time on irrelevant content just for entertainment. This isn't bad in general, but this seems out of balance for most people.

    My business idea — LatteLink — was partly inspired by my observations during my trip. I reconnected with many friends, and while it's great to see how paths are changing, it's also very sad to realize that we're losing touch with old friends so quickly.

    This period of travel isn't just a break but a quest for new ventures and opportunities

    I originally wanted to build an app where users could connect locally, like in a coffee shop, but I've shifted focus to creating a kind of personal customer relationship management (CRM) system to maintain meaningful relationships beyond social media and provide valuable tools for individuals, not just businesses.

    In my friend circle, fewer and fewer people are using social media. My current project aims to help maintain meaningful relationships through regular check-ins and updates.

    Lucas Frischmann with his wife posing in a tropical forest.
    Frischmann and his wife standing in a rice field in Bali, Indonesia.

    I came up with this idea as I struggled to keep up with all my connections. While traveling, I met an old work colleague, and it turned out we both lived two years in the same city but never met.

    Traveling also helped me zoom out and see the bigger picture, not just the tunnel view of tech. For example, I'm about to invest in a real estate project for tourism, which I'd never thought of doing before — my focus was 100% on tech.

    Looking back, I see the layoff as a pivotal, positive turning point for me

    It's been an opportunity for growth and exploration. It's also allowed me to engage with the world in new ways, like going to a coffee shop during the week and talking to people.

    Traveling with my wife has been rewarding for both of us. We don't have a formal plan; we just have a loose checklist we're trying to complete for now, which gives us a sense of adventure and adaptability.

    I'm excited to see where this path of exploration — both of the world and of myself — leads.

    If you were laid off from a tech company and want to share your story, please email Manseen Logan at mlogan@businessinsider.com.

    Read the original article on Business Insider
  • The thousands of Chinese migrants headed to the US-Mexico border just lost their key entry point to America

    Chinese Migrants attempting to cross into the US from Mexico sit by a fire as they are detained by US Customs and Border Protection at the border on November 12, 2023, in Jacumba, California.
    Chinese Migrants attempting to cross into the US from Mexico sit by a fire as they are detained by US Customs and Border Protection at the border on November 12, 2023, in Jacumba, California.

    • Thousands of Chinese migrants flew into Ecuador last year in hopes of walking into the US.
    • But Ecuador is now cutting its yearslong visa-free access to Chinese citizens after a surge in migrants.
    • The number of Chinese people detained at the US border in 2023 surged to 10 times compared to 2022.

    Ecuador is suspending visa-free access for Chinese travelers starting July 1, closing off a popular arrival spot used last year by thousands of Chinese migrants trekking to the US-Mexico border.

    Since 2016, Ecuador has allowed Chinese nationals to enter its borders without a visa and stay for up to 90 days.

    But in a statement on Tuesday seen by Business Insider, the Ministry of Foreign Affairs and Human Mobility said it was ending the program "due to the unusual increase in irregular migratory flows of Chinese citizens" who overstayed their 90 days.

    It is only one of two nations in the Americas that offers visa-free access to Chinese nationals. The other is Suriname, a smaller country of about 618,000 people.

    The Ecuadorian ministry noted that about 50% of all Chinese arrivals "have not left through regular routes and within the times established by law."

    Many people have used the country as a "starting point to reach other destinations in the Hemisphere," the ministry added.

    The Niskanen Center assessed in May that Chinese travelers entered Ecuador 48,381 times in 2023 but only left the country legally 24,240 times that year. The deficit was "by far the highest number of any nationality," the US think tank wrote.

    It comes amid a surge in Chinese arrivals that year, with a 235% increase compared to the previous five-year average, per the Niskanen Center.

    The visa-free access recently made Ecuador a major entry point into the Americas for Chinese migrants looking to travel through Central America and reach the US-Mexico border.

    In response to Ecuador's Tuesday decision, a Chinese Foreign Ministry spokesperson said the country "firmly opposes any form of smuggling activities."

    "In recent years, Chinese law enforcement agencies have cracked down on crimes that hinder national border management and have maintained a high-pressure crackdown on various smuggling organizations and criminals engaged in smuggling activities, achieving remarkable results," the spokesperson said.

    How Chinese migrants use Ecuador to get to the US

    Thousands of migrants fly into Ecuador before traveling through Columbia, where they undertake a grueling trek through a perilous, cartel-run stretch of jungle called the Darién Gap.

    If successful, they emerge in Panama. Over 15,500 Chinese migrants were counted exiting the Darién Gap in 2023, per Washington-based think tank The Wilson Center.

    "This figure is nearly eight times as many from the same period in 2022 and more than 40 times that of 2021," wrote Joshua Peng, a program associate in refugee and displacement research at The Wilson Center.

    Many migrants then travel to Mexico, attempting to reach the US through its southern border.

    US border officials said they detained 37,000 Chinese migrants attempting to cross the border in 2023, or 10 times the number detained in the year before. The true number of those attempting to cross the border is likely higher.

    Chinese migrants huddle in a line to receive colored wristbands from a US Border Patrol agent at a makeshift camp.
    Chinese migrants huddle in a line to receive colored wristbands from a US Border Patrol agent at a makeshift camp.

    The flow of Chinese migrants continued to surge in 2024, with CBS reporting in February that it observed 600 migrants, many of whom were Chinese, entering the US in a single day.

    The House Homeland Security Subcommittee on Oversight, Investigations, and Accountability said in May that the number of Chinese nationals encountered by authorities at the US border in March had jumped 8,000% from the same period in 2021.

    Illegal immigration from the southern border has been rising in political prominence in the US, with Republican leaders pushing for increased border security and saying southern states are unable to cope with a surge in migrants.

    Data on Chinese arrivals in Ecuador give some clues to the demographics of migrants reaching the US. According to the Niskanen Center, Shanghai is the Chinese region with the highest per-capita rate of people leaving to reach Ecuador, with 274 arrivals for every 1 million people in Shanghai.

    Hong Kong is second, with 257 arrivals per 1 million people, followed by Beijing, with 161 arrivals per 1 million people. Xinjiang is sixth, with 24 arrivals per 1 million people.

    Read the original article on Business Insider
  • Here are the top 10 ASX 200 shares today

    A young woman slumped in her chair while looking at her laptop.

    It was another poor session for ASX shares and the S&P/ASX 200 Index (ASX: XJO) this Thursday.

    After dropping yesterday, the ASX 200 only just kept up the selling pressure this session, dipping a minuscule 0.0039% by the closing bell. That leaves the index at 7,769.4 points.

    This lacklustre Thursday for ASX shares follows a more upbeat session over on Wall Street in overnight trading (our time).

    The Dow Jones Industrial Average Index (DJX: DJI) had a pleasant time of it, banking a rise of 0.15%.

    The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) wasn’t quite as enthusiastic but still managed to scrape a 0.029% gain.

    Let’s now return to the local markets for a checkup of what the different ASX sectors were up to today.

    Winners and losers

    There were winners and losers on both sides of the aisle this session.

    Starting with the losers, somewhat ironically, it was healthcare stocks that were the most on the nose today. The S&P/ASX 200 Healthcare Index (ASX: XHJ) had a shocker, tanking by 0.98%.

    Tech shares also had a day to forget, as you can see from the S&P/ASX 200 Information Technology Index (ASX: XIJ)’s 0.52% drop.

    Consumer staples stocks were shunned, too. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) was sent home 0.41% lighter.

    Communications shares weren’t far behind, with the S&P/ASX 200 Communication Services Index (ASX: XTJ) shedding 0.29%.

    Miners didn’t escape unscathed, either. The S&P/ASX 200 Materials Index (ASX: XMJ) slid 0.04% lower by the end of the day.

    But that’s it for the losers today. Turning now to the winning sectors, it was real estate investment trusts (REITs) leading the charge. The S&P/ASX 200 A-REIT Index (ASX: XPJ) managed to score a 0.51% upgrade this Thursday.

    Gold stocks also had a strong day, with the All Ordinaries Gold Index (ASX: XGD) adding 0.43% to its value.

    Financial shares were also in demand. The S&P/ASX 200 Financials Index (ASX: XFJ) managed a 0.33% improvement.

    Then we had utilities stocks. The S&P/ASX 200 Utilities Index (ASX: XUJ) was given a 0.23% bump by investors.

    ASX consumer discretionary shares came in with a solid result, illustrated by the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ)’s lift of 0.11%.

    Energy stocks fared decently, if unspectacularly, as well. The S&P/ASX 200 Energy Index (ASX: XEJ) crawled up 0.03%.

    Finally, industrial shares counted themselves amongst the winners, if only just. The S&P/ASX 200 Industrials Index (ASX: XNJ) inched 0.01% higher by market close.

    Top 10 ASX 200 shares countdown

    This Thursday’s winner, by a mile, was mortgage insurance stock Helia Group Ltd (ASX: HLI). Helia shares ballooned by a whopping 16.17% today, up to $3.88 a share.

    To be fair, this comes after Helia lost more than 20% of its value yesterday on the news that it might be losing its valuable contract with the Commonwealth Bank of Australia (ASX: CBA). Investors clearly had a rethink today.

    Here’s the rest of today’s market winners:

    ASX-listed company Share price Price change
    Helia Group Ltd (ASX: HLI) $3.88 16.17%
    Strike Energy Ltd (ASX: STX) $0.215 7.50%
    Regis Resources Ltd (ASX: RRL) $1.81 3.72%
    Lovisa Holdings Ltd (ASX: LOV) $33.27 3.48%
    Ventia Services Group Ltd (ASX: VNT) $3.89 3.18%
    Gold Road Resources Ltd (ASX: GOR) $1.67 2.77%
    Magellan Financial Group Ltd (ASX: MFG) $8.43 2.55%
    Corporate Travel Management Ltd (ASX: CTD) $13.69 2.09%
    Sandfire Resources Ltd (ASX: SFR) $8.78 1.74%
    Aurizon Holdings Ltd (ASX: AZJ) $3.63 1.40%

    Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

    The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

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    Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Corporate Travel Management and Lovisa. The Motley Fool Australia has positions in and has recommended Corporate Travel Management. The Motley Fool Australia has recommended Aurizon and Lovisa. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • 3 ASX 300 real estate shares with attractive dividend yields

    Three smiling corporate people examine a model of a new building complex.

    If you’re an Aussie investor hunting for reliable income from your ASX 300 shares, you’re in luck. Today is dividend day for three real estate stocks. And at their current share prices, they currently offer attractive dividend yields.

    Let’s take a closer look at Growthpoint Properties Australia Ltd (ASX: GOZ), Abacus Group (ASX: ABG), and Stockland Corporation Ltd (ASX: SGP).

    Growthpoint Properties

    Growthpoint Properties has caught the eye of many investors today after it announced its final distribution amounts for FY 2024.

    The ASX 300 share, which focuses on industrial and office properties, has seen its stock drop nearly 20% over the past year.

    Today it confirmed a final distribution of 9.65 cents per share will be paid to its investors for FY 2024. This will bring the total payout for the 12 months to 19.3 cents.

    At today’s closing share price of $2.36, up 2.6%, this translates to a juicy dividend yield of 8.62%.

    Abacus Group

    Next up is Abacus Group, another ASX 300 share that made news today after it reaffirmed its latest dividend payment to shareholders.

    In May, the company announced it expected the H2 FY 2024 distribution to be 50% franked and 8.9 cents per share for the year. Given today’s closing share price of $1.16, this translates to a substantial yield of 7.2%.

    It also said the group’s parent entity boasts sufficient franking credits to “fully frank” its dividend to $173 million or 19.3 cents per security.

    “The group’s intention is to distribute these franking credits to security holders over the medium term”, it said in the May announcement.

    This change in distribution policy “is consistent with Abacus Group’s strategy to simplify its corporate
    structure, enhance its capital management and maximise securityholder returns”, it added.

    The ASX 300 share confirmed a dividend of 4.25 cents per share with a payment date of 30 August 2024.

    Stockland Corporation

    Stockland is the last of the ASX 300 shares to round out the list. It is one of Australia’s largest REITs, with a market capitalisation of $10.5 billion at the time of writing.

    Stockland advised today that its estimated distribution for the six months to 30 June 2024 should be 16.6 cents per ordinary stapled security.

    The company noted this aligned with its full-year distribution guidance of 24.6 cents.

    The team at Citi rates Stockland a buy with a price target of $5.10. According to my colleague James, the broker expects dividend growth for Stockland. It expects dividends of 26.2 cents in FY2024 and 26.6 cents in FY2025.

    At today’s share price of $4.41, these projections translate to yields of 5.9% and 6%, respectively.

    What’s next for these ASX 300 shares?

    In summary, Growthpoint Properties, Abacus Group, and Stockland offer attractive dividend yields after their announcements today.

    For Australian investors focused on income, these ASX 300 shares might be worth considering. As always, remember to conduct your own due diligence.

    The post 3 ASX 300 real estate shares with attractive dividend yields appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

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    Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • More rich countries worried about the dollar want to buy gold

    Close-up of Gold coins and $100 bills.
    Central banks appear to be more enthusiastic about gold than the US dollar.

    • Central banks from advanced economies plan to buy more gold, according to a World Gold Council survey.
    • They're loading up on gold to hedge risks including inflation and economic shocks.
    • Meanwhile, central banks expect the US dollar's share in global reserves to fall in the next five years.

    Emerging economies, like China and its allies, have been hoarding gold to diversify from the US dollar.

    But they're not the only gold buyers.

    Even central banks from advanced economies are planning to load up on gold, according to a World Gold Council survey released on Monday.

    This enthusiasm for the yellow metal comes even though the spot gold price is hovering at record levels, around $2,330 an ounce, after hitting nearly $2,450 last month.

    The WGC survey conducted between February and April found that 29% of 70 central banks — a record share — are planning to buy gold over the next 12 months.

    Among the central banks, about 15% of those in advanced economies plan to do so — the most since 2019. Meanwhile, about 40% of emerging market central banks said they'll buy in the coming year.

    The central banks' key reasons for more gold purchases include rebalancing their reserves and hedging against risks such as rising inflation, US dollar exposure, and market instability. Eight out of the 20 central banks also cited higher economic risks from countries where reserve currencies are from, because of issues like the rising US budget deficit.

    In contrast to their enthusiasm for gold, 56% of central banks from advanced economies said they expect the dollar's share of global reserves to fall over the next five years. Nearly two-thirds of central banks from emerging economies expected the same.

    Shrinking US dollar reserves

    The WGC's annual survey reflects the sentiment of central banks amid intense discussion about the dollar's dominant role as the world's reserve currency.

    Discussion has been gaining ground following the West's sweeping sanctions against Russia over its 2022 invasion of Ukraine. Other countries worried that they, too, could be locked out of the US dollar-based financial system.

    However, king dollar is so entrenched and pervasive in the world's financial system that very few people think it can be dethroned.

    Even so, a group of major emerging countries is now working on a way around the dollar.

    And while the dollar is still by far the most dominant currency in the foreign exchange reserves of the world's central banks, the greenback's share in these reserves — after exchange-rate and interest-rate adjustments — declined from over 70% in 2000 to about 55% in the last quarter of 2023, according to a recent International Monetary Fund report.

    The IMF termed the decline in the US dollar's share of global reserves "stealth erosion."

    Read the original article on Business Insider
  • Buy these top ASX 300 dividend stocks today for an income boost

    A young woman sits with her hand to her chin staring off to the side thinking about her investments.

    If you’re building an income portfolio, then having some ASX 300 dividend stocks that provide attractive dividend yields is always a good idea.

    But which one could be quality options today? Let’s take a look at three for income investors to consider buying now:

    Aurizon Holdings Ltd (ASX: AZJ)

    The first ASX 300 dividend stock for income investors to consider buying is Aurizon.

    It is a rail freight operator that transports more than 250 million tonnes of Australian commodities each year. This connects miners, primary producers and industry with international and domestic markets.

    Analysts at Ord Minnett are positive on the company and believe it is positioned to provide investors with very attractive dividend yields. It is forecasting partially franked dividends of 17.8 cents per share in FY 2024 and then 24.3 cents per share in FY 2025. Based on the latest Aurizon share price of $3.63, this will mean yields of 4.9% and 6.7%, respectively.

    Ord Minnett currently has an accumulate rating and $4.70 price target on Aurizon’s shares.

    Dexus Industria REIT (ASX: DXI)

    Another ASX 300 dividend stock for income investors to look at is Dexus Industria. It is a real estate investment trust with a focus on industrial warehouses.

    Morgans believes the company is well-positioned to benefit from solid demand for industrial property and its development pipeline. It notes that “DXI’s industrial portfolio remains robust with the outlook positive for rental growth. The development pipeline also provides near and medium-term upside potential and post asset sales there is balance sheet capacity to execute.”

    As for dividends, the broker is forecasting dividends per share of 16.4 cents in FY 2024 and then 16.6 cents in FY 2025. Based on the current Dexus Industria share price of $3.00, this will mean dividend yields of 5.5% and 5.5%, respectively.

    Morgans has an add rating and $3.18 price target on its shares.

    Woodside Energy Group Ltd (ASX: WDS)

    A third ASX 300 dividend stock that could be a buy is Woodside Energy. It is one of the globe’s largest energy producers.

    Morgans is also positive on the company and thinks that investors should be taking advantage of recent share price weakness. Its analysts recently said that they “see now as a good time to add to positions.”

    As for income, the broker is forecasting fully franked dividends of $1.25 per share in FY 2024 and then $1.57 per share in FY 2025. Based on its current share price of $27.25, this represents attractive dividend yields of 4.6% and 5.75%, respectively.

    Morgans has an add rating and $36.00 price target on its shares.

    The post Buy these top ASX 300 dividend stocks today for an income boost appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor James Mickleboro has positions in Woodside Energy Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Aurizon. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Telstra shares: Buy or Sell?

    man using a mobile phone

    Telstra Group Ltd (ASX: TLS) shares have been having a rough year.

    And while the telco giant’s shares have rebound off their multi-year lows, they are still a long way from their recent highs.

    Does this make it a good time to invest? Let’s see what analysts are saying.

    What are analysts saying about Telstra shares?

    Opinion is divided on whether investors should be buying the company’s shares at current levels.

    For example, Morgans notes that the company’s outlook was softer than expected and believes it made the wrong decision to not unlock value by offloading its InfraCo business.

    Its analyst, Damien Nguyen, courtesy of The Bull, commented:

    The positive outlook for its mobile and enterprise divisions still fell short of expectations. Retaining ownership of its fixed infrastructure business InfraCo rather than selling it prevented unlocking value in the share price. Telstra was recently trading on a higher price/earnings multiple than its 10-year average and when compared to international peers.

    Morgans has a reduce rating and $3.00 price target on Telstra’s shares.

    The bullish view

    Analysts at Goldman Sachs don’t agree with this view, though. A recent note reveals that the investment bank has a buy rating and $4.25 price target on its shares.

    While a touch disappointed with its recent update, the broker remains positive and sees a lot of value in its share price. It said:

    Telstra is the incumbent telecom operator in Australia. We believe the low risk earnings (and dividend) growth that Telstra is delivering across FY22-25, underpinned through its mobile business, is attractive. We also believe that Telstra has a meaningful medium term opportunity to crystallise value through commencing the process to monetize its InfraCo Fixed assets – which we estimate could be worth between A$22-33bn. Although there is some debate around the strategic benefits, we see a strong rationale for monetizing the recurring NBN payment stream, given its inflation linked, long duration cash flows could be worth $14.5bn to $17.9bn, with no loss of strategic benefit.

    This view has been echoed by analysts at Bell Potter. The broker recently upgraded Telstra’s shares to a buy rating with a $4.25 price target. It said:

    There is perhaps a lack of catalysts in the near term and we do not expect the company to change its view on not selling part or all of the Infrastructure business in the short to medium term. We do, however, see the FY24 result in August as a potential catalyst of sorts given we expect the company to meet – but not exceed – the guidance with the highlights being continued strong growth in the core Mobile and Infrastructure businesses and signs of some turnaround in Enterprise.

    The post Telstra shares: Buy or Sell? appeared first on The Motley Fool Australia.

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • 5 reasons everyone’s talking about Fortescue shares this week

    Miner looking at a tablet.

    Fortescue Ltd (ASX: FMG) shares have trended lower this week, down almost 5.5% since Monday.

    But the iron ore giant’s stock was back in the green, up 0.4% to $21.95 apiece near the close of trade today.

    Fortescue has been in the headlines this week over a number of none market-sensitive initiatives. Let’s investigate.

    Fortescue shares slip on large stock sale

    Fortescue shares took a hit on Tuesday after news emerged a large investor in the company tendered a massive $1.1 billion block trade of its stock.

    This hefty transaction – equating to 1.6% of the company’s market cap at the time – has stirred significant trading activity. According to my colleague Mitch, more than 58 million shares were traded by midday on the day, compared to the usual 5 million average.

    And yet, the market is still abuzz with speculation about who the seller was.

    Separately, Capital Group, a global fund manager, also reduced its holding in Fortescue shares by almost 1%, bringing its stake down to 6.62% from 7.65%, according to The Australian.

    It’s important to note that this sale is separate from the larger block trade, which has no publicly known seller.

    Iron ore price fluctuations have also been a significant factor affecting Fortescue shares. The price has retracted from more than US$140 per tonne on 3 January to around US$107 per tonne at the time of writing.

    According to Trading Economics, a major reason behind the recent price weakness was economic data that “added to pessimism on ferrous metal demand from China”.

    Because the iron ore major is a price taker on the commodity, this decline has put pressure on Fortescue and other iron ore players.

    Strategic moves in renewable energy

    Fortescue is also strengthening ties with China as part of its energy transition plans. Fortescue chairman Andrew Forrest spoke at the Australia-China CEO Roundtable on Tuesday.

    According to a report in The Australian, he highlighted the potential for a supply chain that could significantly reduce emissions while maintaining China’s position as a leading global steel producer.

    This collaboration is reportedly a strategic move to achieve Fortescue’s “Real Zero” decarbonisation targets.

    And finally, Michael Masterman, a former Fortescue executive now embroiled in a legal battle with the company, has publicly questioned the effectiveness of Fortescue’s hydrogen-based green steel technology.

    Masterman claims that his new venture, Element Zero, offers a more energy-efficient solution. It remains to be seen how this scenario will pan out.

    What’s next for Fortescue shares?

    Investors are keeping a close eye on Fortescue as the company navigates these challenges. The weakness in iron ore prices hasn’t helped the stock lately.

    Fortescue shares have now slipped more than 25% this year to date and are down 2% since this time 12 months ago.

    The post 5 reasons everyone’s talking about Fortescue shares this week appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

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    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

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    Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • A ‘Bridgerton’ makeup artist says these 5 beauty products passed ‘smooch-tests’ and stayed on during steamy sex scenes

    Luke Newton as Colin Bridgerton and Nicola Coughlan as Penelope Featherington on season three, episode two of "Bridgerton."
    Luke Newton as Colin Bridgerton and Nicola Coughlan as Penelope Featherington on season three, episode two of "Bridgerton."

    • Bridgerton's new season, like previous installments, has no shortage of steamy scenes. 
    • The show's makeup artist told Page Six which products  passed "smooch tests." 
    • Glowy highlighters, primers, and setting sprays are the way to go, she said. 

    Shimmering regency-era gowns, sparkling jewels, and elaborate wigs were the talk of the ton in Bridgerton's latest season.

    But one of the hit Netflix show's makeup artists had another task: Making the actors' makeup look good during sex scenes.

    In an interview with Page Six published on Friday, makeup artist Erika Okvist said that the cast had to perform "smooch-tests" to ensure that the makeup could hold up in steamy scenes.

    "We want them to look as good as they did when they stepped into the carriage when they step out," Okvist told Page Six, hinting at the viral hookup scene in the fourth episode between lead stars Nicola Coughlan and Luke Newton.

    Okvist said that they used primers and setting sprays to make the makeup kiss-proof.

    Her pick for the primer was the Hourglass Vanish Airbrush Primer, which "makes everything look dreamy," per Page Six.

    The primer retails at Sephora for $58.

    To give the actors a dewy and glowy look for the intimate scenes, she recommends makeup artist Pat McGrath's Skin Fetish Highlighter and Balm Duo, which retails for $50.

    "That is a wonderful highlighter for cheekbones," Okvist told Page Six. "Even if you didn't have anything in your pocket going out and really desperately needed to look just a little bit better, that dual stick is fantastic."

    She called the Fenty Match Stix Contour Skinstick and the La Roche-Posay Anthelios Sunscreen the other "diamonds of the season." They retail for $32 and $20 respectively.

    Okvist said that she also used the By Terry Hyaluronic Hydra-Powder ($54), on the stars, because it does not leave a "chalky" finish.

    She added that the intimate scenes were where the actors were "feeling vulnerable," and it was the makeup artists' job "to make them feel really special and looked after."

    This season's fifth episode contains the show's longest-ever sex scene, which lasts for more than five and a half minutes.

    Coughlan told Entertainment Weekly in April that she and her co-lead Newton broke "a piece of furniture" while filming one of the sensual scenes, which she later revealed on her Instagram to be a chaise lounge.

    Bridgerton's third season amassed 28 million views following the week of June 10, when the second part of the season was released, per entertainment media site The Wrap.

    Okvist did not immediately respond to a request for comment from Business Insider, sent outside regular business hours.

    Read the original article on Business Insider