Latest news with #Victoria'sSecret
Yahoo
a day ago
- Business
- Yahoo
Citigroup posts profit beat on strong trading, banking unit performance
-- Citigroup posted stronger-than-expected second-quarter earnings, boosted by a surge in trading revenue and a pickup in dealmaking activity. The bank reported earnings of $1.96 per share, beating the average analyst estimate of $1.61. Revenue rose 4% to $21.67 billion, also ahead of expectations of $20.94 billion. Citigroup's trading desks benefited from market volatility sparked by changing interest rate expectations and trade policy headlines, including new tariffs announced by President Trump in April. Equities revenue hit a record for the second quarter, while total markets revenue was the highest since 2020. Banking revenue climbed 18% on improved deal activity, while wealth management rose 20% on broad-based strength. Citigroup (NYSE:C) also cited growth in U.S. branded cards and higher deposit spreads in retail banking. CEO Jane Fraser called Services a 'crown jewel' as revenue from that segment climbed 8%. The bank returned $3 billion to shareholders during the quarter, including $2 billion in share buybacks. Fraser said the bank's transformation efforts are progressing, with a focus on automation and AI, and reaffirmed a return-on-tangible-common-equity target of 10–11% for next year. Related articles Citigroup posts profit beat on strong trading, banking unit performance Victoria's Secret Exposed: The Warning Sign Behind the Stock's 52% Collapse After soaring 149%, this stock is back in our AI's favor - & already +25% in July Sign in to access your portfolio
USA Today
a day ago
- Business
- USA Today
She's working two jobs and filming it for TikTok: Gen Z's economic reality is going viral
Monday through Friday, Cindy Dionicio hits snooze on at least one of her 3:30 a.m. alarms before getting up. She packs a Victoria's Secret tote bag with a straightener, makeup and the office shoes and scrubs she'll need for her dental receptionist job later that day. It's a 15 minute drive to the Dunkin' Donuts where she works the opening shift. Then, she hits 'record.' 'Good morning guys, happy Monday,' she says to her 113,000 followers, car keys clinking in the background as she walks up to the location. 'Come to work with me as a 25-year-old working two jobs plus owning a small cleaning company.' Mondays are always a rough morning 😭🍩🦷 #foryou #foryou #foryoupage #dunkin #dunkindonuts #working2jobs #pov #mom #youngmom #dentaloffice #receptionist #frontdesk #mondaymotivation #morning #coffeelover #grwm #cometoworkwithme #CapCut Gen Z employees are increasingly choosing to take on multiple jobs or side gigs, often driven by economic necessity. Creators like Dionicio are going a step further, posting about their side hustles on TikTok to make additional cash − and connect with other young people in the process. These creators use the social media platform "to validate their lived experience and find solidarity in what can feel like a relentless economic system,' says financial therapist Lindsay Bryan-Podvin, who authored the workbook 'The Financial Anxiety Solution.' 'I see them as a version of saying, 'This is my reality. I'm tired, I'm doing my best, and I still care about my skincare routine.'' Gen Z, the cohort born between 1997 and 2012, is increasingly anxious about their financial situation. Many are saddled with student loans and entering a slowing U.S. labor market amid skyrocketing costs of living. They say they feel less confident about reaching financial milestones like owning a home. 'We don't want to live at work and that shouldn't be the norm to buy a house or get by,' says 22-year-old Kahvon Frank-Morrell, who works at Walmart and as a custodian. 'I don't think that everyone should have to be required to do two jobs to get ahead or to live a basic life.' Worried about money? Women and Gen Z are the most stressed, new research finds 'A constant fatigue' Frank-Morrell is aiming to save enough to buy a house by 24. He leaves the house at 9 a.m. each morning and at times doesn't get back home until 5 a.m. the next day − sometimes only sleeping between the hours of 6 a.m. and 8 a.m. following his two shifts of work. 'It feels like a constant fatigue,' Frank-Morrell says. 'But overall, when you see that paycheck, it tends to be worth it.' #2jobs #walmart #savingmoney Toronto-based 26-year-old Jane Esang works two full time jobs as a marketing specialist and call center employee. After her second full-time internship in college, she realized she didn't enjoy working in a corporate environment and started prioritizing ways to retire early. 'It just hit me, I cannot do this for the next 45 years,' Esang says. 'A lot of young people are looking for more flexibility and freedom and independence.' She's worked more than one job for five years and says there are days she goes without moving or seeing the sun. She started experiencing intense headaches in 2022, resulting in multiple doctors appointments and an MRI. It wasn't until her headache immediately went away on a cruise in winter of 2022 that she realized it was stress-related. 'When I did do exercise and did see the sun, I would have to sacrifice my sleep for it,' Esang says. 'My health was severely impacted.' More: Gen Z, millennials concerned about their finances leading to homelessness, new study shows Monetizing a side hustle on TikTok In June of 2023, Frank-Morrell made a TikTok account to post videos like 'Working 2 jobs in an attempt to save $60,000' and 'Day in the life working 2 jobs,' some of which have reached more than 10 million views and can be monetized through TikTok's Creator Rewards Program. 'Get ready with me' and 'Day in the life' formats have become popular styles in the influencer economy, which the consulting firm McKinsey values at more than $21 billion. When the comment sections on users' confession videos are filled with support, it can build a sense of solidarity and peer connection. But the influx in videos can also contribute to unhealthy comparison about one's economic situation, or glamorize an unrealistic work schedule, according to financial therapist Nate Astle. 'Hustle culture has always been a thing, but I think it's been romanticized more because of things like social media,' Astle says. Replying to @v. how I stay active during a 16.5 hour workday (try to… I don't do this most days ngl) #dayinmylife #work2jobs #corporatelife #workfromhome #worklife #workingtwojobs Esang uses her platform to advocate for Financial Independence, Retire Early (FIRE), a movement that prioritizes intense saving and budgeting to retire before the age of 65. She started posting about her lifestyle to fill what she saw as a void of content from young people her age who were anti-work. 'I just needed a platform, an outlet to vent to, and I felt like some people related,' Esang says. More: Alix Earle and the mental health confessions taking over the internet Gen Z increasingly anxious about their financial situation Esang says people her age feel 'jaded' and 'resentful' at the combination of modern work culture and increasing economic instability, leading to nihilism or an anti-career mentality. 'People feel like they're trading in 40 hours a week, but it's no longer able to feed a family, it's no longer able to afford a house,' Esang says. Bryan-Podvin says the videos highlight how some young people are intentionally opting out of higher education and the associated student loan debt by working jobs with manual labor. She pointed out that much of Gen Z came of age watching their families navigate the 2008 recession, and then graduated or went through developmental years during a pandemic. 'Gen Z is starting their financial lives with more debt, fewer social safety nets and higher costs across the board. Where millennials were told a version of, 'just get a degree and you'll be fine,' Gen Z wasn't given that same message,' Bryan-Podvin says. Cost of living is frequently cited as a top financial concern among young people. Nearly a third of Gen Z and millennials worry their finances could lead them to experience homelessness, and they are almost three times more likely than older respondents to feel that way, according to a 2024 survey conducted by Acorns and Opinium Research. Life events like watching a parent lose a job in childhood, experiencing economic instability during a recession, or having a failed business can also contribute to anxiety about finances, according to Astle. "Gen Z is seeing massive wealth inequality. And wealth inequality has always been a thing, but it truly is at a level not seen before in the last 100 years,' Astle says. 'A lot of Gen Z are experiencing the anxiety of… 'I don't actually know if my needs are going to be met.'" If there ever is a time to have a side hustle, 'it's when you're young,' says President of the Kahler Financial Group and financial therapist Rick Kahler. A second job can insulate you from losing a job, help fund a retirement plan, or potentially serve as a creative outlet, according to Kahler and Bryan-Podvin. Building good financial habits and investing early compounds interest over decades, setting one up for retirement. 'If you've come out of college and you're used to the ramen noodle diet, keep that going and, and save that money,' Kahler says. Dionicio, who has more than 113,000 followers, says it's been inspiring to see how many people relate to having two jobs. 'At first I was a little shy with the camera, but then I would see other people post about their daily lives, and I'm like, 'You know what? Let me do mine,' Dionicio said. The positive reception she receives in her comment section encourages her to keep going. 'How do you have the energy for two jobs plus your own business plus content creation AND you're a mom!! Superwoman,' one person commented. 'You go girl!' said another. Rachel Hale's role covering Youth Mental Health at USA TODAY is supported by a partnership with Pivotal Ventures and Journalism Funding Partners. Funders do not provide editorial input. Reach her at rhale@ and @rachelleighhale on X.
Yahoo
2 days ago
- Business
- Yahoo
Why Victoria's Secret (VSCO) Shares Are Falling Today
Shares of intimatewear and beauty retailer Victoria's Secret (NYSE:VSCO) fell 3.1% in the morning session after the stock continued a recent downward trend as investors look ahead to the company's upcoming second-quarter earnings announcement. While no specific news was released today, the stock has been under pressure since its last earnings report in June. During that announcement, Victoria's Secret lowered its full-year adjusted operating income guidance, citing an anticipated $50 million impact from tariffs. Investors are also monitoring the potential fallout from a security incident in May that temporarily shut down the company's e-commerce site. Although first-quarter results were not materially affected, the company warned of possible financial impacts in the second quarter due to expenses related to the breach. The stock has been in a technical downtrend, and today's move appears to be a continuation of that negative sentiment as the next earnings date approaches. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Victoria's Secret? Access our full analysis report here, it's free. Victoria's Secret's shares are extremely volatile and have had 42 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. Victoria's Secret is down 53% since the beginning of the year, and at $19 per share, it is trading 61% below its 52-week high of $48.71 from December 2024. Investors who bought $1,000 worth of Victoria's Secret's shares at the IPO in July 2021 would now be looking at an investment worth $447.06. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
Buzz Feed
2 days ago
- Entertainment
- Buzz Feed
Share Your Sexual Awakening Story
Looking all the way back to that awkward tween/teen phase when puberty had you grappling with all sorts of new thoughts and feelings, is there a specific moment that sticks out that you'd now credit as your sexual awakening? Perhaps you consider that time you watched Aladdin in fourth grade to be your formal sexual awakening. You loved the movie when you were really little, but upon rewatch, you couldn't take your eyes off of hunky Aladdin and his little open vest. You were smitten. Maybe your mom received a Victoria's Secret catalogue in the mail, and you were curious, so you snuck it into your room. After flipping through page after page of bra and underwear ads, you had a new feeling in the pit of your stomach you hadn't had before. You didn't really know what it was, but you knew you really wanted to kiss girls after it! Or, maybe your older sister was watching Twilight, and you kept sneaking in her room to watch too. You couldn't really explain it, but you knew you really liked both Bella and Edward. Looking back, you now realize this was your bi awakening. Did a movie, TV show, commercial, piece of art, newspaper ad, textbook diagram, or other surprising piece of media prompt your sexual awakening? Or was it something else totally random? Tell us in the comments or share anonymously for a chance to be featured in a BuzzFeed Community post.
Extra.ie
3 days ago
- Entertainment
- Extra.ie
Christian Horner isn't the first high-profile figure to come unstuck by a saucy sexting scandal
Formula 1 millionaire mogul Christian Horner was sacked this week from his role as principal of Formula1 team Red Bull. Horner's sacking comes a year after the F1 race team boss was at the centre of a 'sexting' scandal after a junior member of staff at the team, accused the businessman of inappropriate and controlling behaviour. Horner, who is married to former Spice Girl Geri Halliwell, has always denied the allegations against him and Halliwell, for her part, has stood steadfast by her man. Christian Horner. Pic: Vince Mignott/The news of Horner's shock exit from the F1 Red Bull team, which he has helmed for the past 21 years, comes just 15 months after the scandal that engulfed him over racy texts he allegedly sent to a female employee surfaced online. In April 2024 a series of suggestive WhatsApp messages, purportedly sent from Horner to a young female staff member, were mysteriously leaked online. Horner survived the initial scandal, but a year on from the leaked messages, he has been ousted from his role as Red Bull Team boss. But Horner is not the first high-profile man to suffer a spectacular fall from grace over saucy talk. Charles and Camilla in the 1970s. Pic:The OG of saucy-talk, King Charles caused global jaws to drop, when back in 1993 ,an intimate and explicit phone transcript to his now-wife Camilla Parker Bowles from dating back to 1989 caused a right ruccous. The full transcript of the call between Charles and Camilla was ravaged by a shocked world when they appeared in a British newspaper. The now infamous transcript spared no blushes detailing as it Charles memorably tellig Camilla how he adores 'living inside [her] trousers' and how he would like to be resurrected as her 'Tampax.' While King Charles phone indiscretions came in the pr- iphone era he is, nonetheless, duly considered the King of sexy messages and the saucy conversation with his now-wife Camilla and 'Tampongate' has lived on in infamy. Clean-cut family man Vernon Kay ,had his dirty linen aired in public, when in 2010 that he was revealed to have exchanged a series of flirty messages with Page 3 model Rhian Sugden. Tess Daly and Vernon Kay. Pic:Vernon ,who is married to the daytime presenting princess Tess Daly, issued a very grovelling apology to his wife saying : The claims led Vernon to personally apologise 'Tess is extremely upset about this and we're working through it'. 'I'm never going to do it again and hopefully I can clear the slate clean and start again. I'm so sorry. I've been an idiot and I've let my family down.' Former footballer and BBC presenter Jermaine Jenas was last year kicked to touch when he was caught up in a public sexting scandal. Jermaine Jenas. Pic:The 42-year-old was given the red card by BBC channel bosses after several people came forward alleging 'inappropriate behaviour' from the former Spurs and England star. As shocking as it is that the guy who literally wrote She Will Be Loved would (allegedly) step out on his Victoria's Secret model wife, what's even more shocking is how absolutely horrendous Levine is at the raunchy chit-chat. Adam Levine. Pic:After a handful of Instagram influencers revealed their exchanges with the Maroon 5 frontman, the world was confronted with the idea that his singing is far superior to his sexting . Anthony Weiner's epic spiral from political star to prisoner behind bars is the stuff of high political drama. A one-time shining star of the Democrat Party, Weiner had been destined to opne day becoing teh U.S President . But the New York congressman-turned-convicted sex offender White House hopes were wella nd truly scuppered when he was revealed to be a serial sexter. Wiener' by name also transpired to be Weiner by nature when the full extent of his sexual proclivities came to light. The Congressman proved to be very politically incorrect when he admitted to sending lewd photos to over a dozen women via the over the years, concealing his illicit online activities under the pseudonym 'Carlos Danger'. Anthony Weiner. Pic:Weiner's propensity for sending saucy selfies have also been blamed for causingHillary Clinton's defeat on the 2018 U.S presidential election. Weiner had been married to one of Clinton's close aides and a computer he had used for his sexting antics, was seized by the FBI, as part of an on-going investigation into Clinton's emails. Weiner's inability to keep his 'Weiner' under control eventually saw him being sentenced to 21 months in federal prison for sexting a 15-year-old girl. However, in true American form he has recently made a comeback to the political fray. In 2018 Amazon billionaire fast-tracked a series of very raunchy texts to his now-wife Lauren Sanchez. The 'private' messages were leaked to U.S outlet Page Six who detailed in intimate detail the world's richest man's sexy texts which included gems like; 'I love you, alive girl. I will show you with my body, and my lips and my eyes, very soon,' Lauren Sanchez and Jeff Bezos. Pic: Taylor hill/Film Magic The racy messages — which reportedly included a snapshot of Jeff Bezos' private parts — were revealed a day after he announced he was divorcing his wife of 25 years, Mackenzie Bezos. Page Six spared no details in exposing Bezos with the news outlet revealing that then 54-year-old billionaire Bezos had sent Sanchez a picture of his private parts and several shirtless shots — including one where he's wearing just a towel and a big cheesy grin. James Franco. Pic: Kennedy Pollard/amfAR/amfAR via Getty Images Even before he was hit with multiple sexual misconduct allegations in 2018, James Franco's good guy image was tarnished in 2014 when an Instagram conversation between him and a fan was leaked online. Franco is believed to have accompanied the saucy texts with a sexy-dad snap to an unidentified 17-year-old girl he encountered online. Armie Hammer. Pic: Sefa Karacan/Moviestar Arnie Hammer's sexts were more disturbing than alluring. The Hollywood superstar was exposed as having a sinister side when explicit texts were exposed including deeply unsettling cannibalistic fantasies. Hammer's texts were deemed so deranged he had no recourse and completely torpedoed his career and he fled California for the Cayman Islands where he now resides in self-imposed exile selling Timeshare apartment to wealthy elderly Americans.
