Got extra parking space? Rent it out and earn up to $54,000 a year! Plus, exciting updates on the job market

Newsletter Sep 24, 2024 Welcome to your September 24 newsletter! Today's edition features unique business ideas that can help you earn extra income in the comfort of their own space! Discover the Wall Street CEO advocating for work-from-home flexibility, and find out why Americans are increasingly losing trust in Elon Musk's platform, X, formerly known as Twitter. In the Fast Lane of Business... > A recent survey by All About Cookies reveals that Americans trust platforms like Amazon, Google, and Netflix far more than Elon Musk's social media platform X (formerly Twitter) and the U.S. government. X ranked last in the survey, with only 28% of respondents expressing trust, even lower than the 43% who distrust the U.S. government. Since Musk's acquisition of Twitter, X has faced backlash due to mass layoffs, content moderation issues, and a rise in misinformation. Despite efforts to address concerns, such as implementing Community Notes, the platform continues to struggle with declining trust and regulatory scrutiny. > According to Apollo Global Management chief economist Torsten Slok, the US labor market is set for a rebound, with hiring expected to pick up soon. Slok's optimism is based on strong economic data, including consumer spending, capital expenditures, and government spending, which should lead to a rise in nonfarm payrolls and a decline in the unemployment rate. Falling jobless claims, a growing GDP, fewer layoffs, and declining mortgage rates further support his forecast of stronger job growth in the coming months. However, some economists caution that hiring could still slow down due to the lagged effects of the Fed's rate hikes. > The U.S. Commerce Department has proposed banning key Chinese software and hardware in connected vehicles due to national security concerns, which would effectively block most Chinese cars from entering the U.S. market. This regulation would also require automakers to remove Chinese technology from U.S. vehicles over the next few years. The Biden administration is concerned about Chinese companies collecting data on U.S. drivers and infrastructure, as well as the potential for foreign manipulation of connected vehicles. The proposed bans, which would take effect between 2027 and 2030, aim to prevent security risks before Chinese-made components become widespread in the U.S. automotive sector. Unique Business Idea For You You can earn $900/month by renting out parking spaces Sam Hunt, a 61-year-old San Francisco resident, earns $54,000 annually by renting out parking spaces through Spacer, a parking marketplace. He rents three spaces at $300 each, generating $900 per month, and also rents additional parking spots in buildings he owns, turning unused assets into a profitable side business. Spacer's user-friendly platform has allowed Sam to easily manage his rentals while focusing on his property development business and passions like art and travel. His success illustrates the potential of the sharing economy to provide significant passive income by utilizing existing resources. Side Hustle You'd Be Crazy Not to Try Lily Allen Are you ready to sell your feet pics? Lily Allen, the British singer and actress, has launched an OnlyFans account, selling photos of her feet to fans for $10 each. This new venture taps into the growing niche market of foot fetish content, which has become popular on platforms like OnlyFans during the pandemic. The platform, widely used by content creators for various types of niche and explicit content, allows Allen to generate additional income while maintaining anonymity. Her move reflects a broader trend of celebrities leveraging OnlyFans to explore unique ways to monetize their online presence. Personal Finance News to Boost Your Bank Account > Food prices have risen by 25% between 2019 and 2023, making groceries more expensive for Americans. Using coupons strategically can help save on food, sometimes even leading to free groceries or money back, according to experts like Andrea Woroch. Effective couponing involves stacking store and manufacturer coupons, understanding store policies, and using various sources like apps, newsletters, and local coupon books. Additionally, cash-back apps like Ibotta and Coupon Cabin offer similar savings, helping shoppers offset high grocery costs. > Lazard stands out on Wall Street for its flexible work-from-home policy, with employees in New York working three days in the office and two remotely. CEO Peter Orszag believes this hybrid model benefits workers by allowing them more control over their time while maintaining a sense of purpose in their work. Lazard managing director Tracy Farr echoed these sentiments, praising the policy for enabling work-life balance, despite long hours. In contrast, many major Wall Street firms, like Goldman Sachs and JPMorgan, are enforcing stricter in-office policies. > Equity analysis combines fundamental, technical, and psychological factors, making it far from an exact science. While measurable factors like price-to-earnings ratios and trading patterns are key, the psychological appeal of owning a larger number of shares in lower-priced stocks also plays a significant role for investors. These low-priced stocks are often viewed as having more potential for price appreciation, offering opportunities for high returns, particularly for aggressive investors. However, such stocks can be speculative, and understanding the associated risks is crucial for those seeking to capitalize on their potential growth. In partnership with Bonsoir of London. Here's Where To Order The Classiest Pyjamas Online! "Channel your inner Audrey Hepburn and upgrade your night-time ensemble with Bonsoir of London makers of luxurious sleepwear since 1926" © 2024 IBT Media 40 Bank St, Canary Wharf, London, E145NR