
Single Best Idea: Chiavarone & Burns
Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with Steve Chiavarone & Nicholas Burns. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

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Bloomberg
10 minutes ago
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'Diversity Drives Meritocracy' Says Helena Morrissey
US President Donald Trump has sought to abolish diversity, equity and inclusion policies, with America's influence being felt in corporate environments worldwide. A new piece of research from the UK's Diversity Project makes the case for cognitive diversity to boost the performance of investment teams -- if they are well managed. Chair of Diversity Project and former CEO of Newton investment management Helena Morrissey spoke to Bloomberg's Caroline Hepker and Jack Sidders about if diversity actually does deliver better returns. (Source: Bloomberg)
Yahoo
16 minutes ago
- Yahoo
Graham Stephan Reveals How He Made His First Million: 'I Could Meet People That I Would Never Ordinarily Come Into Contact With.'
Before Graham Stephan became a YouTube sensation in the finance industry, he was a real estate agent who made millions of dollars by closing deals. He shared his story with Dave Ramsey and how becoming a real estate agent set him up for long-term success. "I could meet people that I would never ordinarily come into contact with," Stephan explained. Becoming a real estate agent in California allowed him to have more conversations with high-net-worth individuals. Then, his YouTube career allowed him to meet more people. Your network plays a key role in your success, but there are other insights Stephan brought up that can help with your goals. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Maximize saving for your retirement and cut down on taxes: . It didn't take long for Stephan to get into real estate. He admitted to not having good grades in high school and how it hampered his college chances. Instead of going the traditional route, he got his real estate license at 18 and started networking with fellow real estate agents. That networking was Stephan's first taste of working with high-net-worth professionals in the industry. He mentioned that he fell in love with the entire process of becoming a real estate agent and never viewed it as work. That's an important distinction. If you love what you do, it's easier to outwork the competition. That's part of the reason why Stephan has sold more than $130 million in residential real estate while owning multiple rental properties. Trending: Invest where it hurts — and help millions heal:. "The opportunity was limitless," Stephan said when describing his work as a real estate agent. One of the strengths of being a real estate agent is that your earnings are not tied to an annual salary. You will be rewarded for working extra, doing more prospecting, and expanding your network. Some real estate agents make more than $1 million per year without big teams behind them. While it's easier said than done, Stephan's optimal location in Los Angeles made it easier to sell properties that commanded high asking prices. Still, there are a lot of real estate agents in competitive markets like Los Angeles. Stephan had to work harder than his competition to get big deals and earn his first a popular saying that you become the average of the five people who you spend the most time with. The people in your life will influence how you think about your goals and yourself. That's why surrounding himself with successful real estate agents helped Stephan become successful as well. It takes a lot of work to conduct numerous open houses, market properties, and fulfill all of the other responsibilities of being a real estate agent. Despite this workload, Stephan still committed to his YouTube channel before it made him significant money. The effort paid off since Stephan makes millions of dollars on YouTube each year. Think about the type of person you want to become and surround yourself with people who are what you want to become. If you want to become financially successful, start listening to podcasts and watch videos that millionaires put out. Find people in your community who have achieved financial success, and if you can't find them in your community, it may be worth relocating. Read Next: Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Graham Stephan Reveals How He Made His First Million: 'I Could Meet People That I Would Never Ordinarily Come Into Contact With.' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Miami Herald
18 minutes ago
- Miami Herald
Costco sees one huge area for sales growth, happier members
Costco has never been a leader in much other than offering members low prices. The company only innovates when it has to. During the Covid pandemic, for example, it took charge of its own shipping containers. That was a move made out of need, but it proved the company can be agile when possible. Related: Bankrupt beauty brand to return after $1 billion collapse It has also done really well with Costco Logistics, a company it created because it did not like any of the other options it had for making larger deliveries. "It's about 20% to 25% of our total deliveries for Costco Logistics, but it is about 80% to 85% of our big and bulky," CEO Ron Vachris said during Costco's third-quarter earnings call. Don't miss the move: Subscribe to TheStreet's free daily newsletter The warehouse club has let its managers make decisions for use to use that resource. "We make our buyers make decisions of what to put through that network and what not to put through it. And so, they look for the best cost delivery source. And so, we know that big and bulky patio furniture, television, safe, those kind of things, all but the super specialty stuff we run through Costco Logistics. So, a big chunk of that business is going through the network of big and bulky," he added. Delivery, however, may not be the biggest opportunity Costco (COST) has. Image source: Bloomberg/Getty Images For years, Costco had a website, but did not even sell anything online. That has changed and the chain not only sells some of what it offers in its warehouses, but also deals from third-party sellers. The warehouse club also has an app, and CFO Gary Millerchip thinks that the company has barely scratched the surface of the potential there. He was asked about it during the call. "And are there any members that haven't used your digital yet in some way, shape or form, or is it still only half the people that really use it?" asked Greg Melich. Millerchip was enthusiastic in his response. "Yeah. It's over half has downloaded the app for sure, but there's still plenty of opportunity for growth in our mind. We still see it as an area where we'd expect to outpace our overall growth," he added. More on travel: US government warns of dating app use in popular cruise portsCarnival Cruise Line rep sounds alarm on growing YouTube problemWhat the CDC's Dengue Fever warning means for Caribbean travel It's not just about getting members to use the app, but also making it better. "And as we continue to improve the member experience with enhancements every quarter, Greg around, whether it's the inventory available on the app or improving the search functionality, improving the way in which we communicate with members, as I talked about earlier on the call, we believe all of those things are going to drive more digital engagement," he added. Millerchip believes that the Costco app may also have in-store uses as well. "We think tied to even some of the comments that Ron was making about speed of checkout, where members use their digital wallet and have their payment card integrated within the wallet, it significantly increases the speed of checkout through the check lane in the warehouse as well," he said. The CFO also made it clear that the app might be useful in ways he's not even considered yet. "So, we still think there's plenty of opportunity to keep driving higher penetration of digital engagement with our members and we think it's got a runway to continue to grow in the future," he added. Related: TSA shares travel warning for Costco members Vachris made more comments on digital and the app later in the call. "We found that digital really enhances the speed of checkout. And so, we are really working hard on the digital membership card usage as well. We've also engaged in some "Scan & Go done by Costco" kind of tests that we're doing out there that have been extremely successful of moving people through the lines and expediting the transactions," he said. "We've seen some very, very early results have been very positive and great adoption from our members seeing that as well." The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.