Key Takeaways Private chef salaries are climbing to as high as $300,000 annually for roles serving wealthy clients. The boom in household staffing extends beyond chefs, with butlers now able to earn up to $180,000 a year. Meanwhile, household managers in the U.S. make between $150,000 and $250,000. Household staff, including personal chefs, butlers, nannies and housekeepers, can now command impressive salaries as the wealthy seek them out to manage their ever more intricate lives. According to a recent report from international luxury household staffing agency Morgan & Mallet International, demand for household staff has reached record levels as the…
Author: Staff Writer
Stephen Siegel has been hooked on Hot Dog on a Stick since he was a kid in Los Angeles. Now he owns the joint. The founder and CEO of Amazing Brands acquired the 80-year-old chain out of the Fat Brands bankruptcy earlier this year for $8 million, betting that the struggling mall staple still has plenty of life left. “It’s a diamond in the rough,” he told Restaurant Business. “I grew up on the brand.” Founded in 1946 near the Santa Monica Pier, Hot Dog on a Stick became famous for its corn dogs, “hand-stomped” lemonade, and employees wearing rainbow-striped…
Opinions expressed by Entrepreneur contributors are their own. Key Takeaways Accept that success looks different to everyone. There are many situations where people who define success differently can still enjoy productive working relationships and each achieve their unique goals. Assess compatible vs. divergent goals. The right business relationships are symbiotic, even when you have different goals. The wrong ones become parasitic. Look for ways to support potential partners instead of looking for reasons not to. Caution can help you avoid unhealthy partnerships, but cynicism is not a good way to grow a business. I’ve written for this publication before about…
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 1,315.00 points or -1.92% to 67,242.73 • Shanghai decreased 82.368 points or -2.06% to 3,913.794 • Hang Seng increased 38.60 points or 0.16% to 24,213.72 • ASX 200 increased 2.50 points or 0.03% to 8,808.50 • SENSEX increased 47.01 points or 0.06% to 77,616.40 • Nifty50 increased 4.10 points or 0.02% to 24,211.00 The major Asian currency markets had a mixed day today: • AUDUSD decreased 0.00356 or -0.51% to 0.69215 • NZDUSD decreased 0.00092 or -0.16% to 0.57538 • USDJPY increased 0.689 or 0.43%…
Key Takeaways Wall Street firm Susquehanna International Group (SIG) is offering 2027 summer interns $8,600 a week, or $34,400 a month, to work as quantitative traders and quantitative researchers. SIG provides free housing, two complimentary meals a day and access to social events like poker tournaments. Scoring one of these Wall Street internships is difficult; the roles are intensely competitive. While some entry-level workers struggle to find work amid a tough job market, certain fields are incentivizing young talent to apply with sky-high salaries. Wall Street trading firm Susquehanna International Group (SIG) is offering 2027 summer interns $8,600 a week,…
Opinions expressed by Entrepreneur contributors are their own. Key Takeaways Most entrepreneurs chase freedom — only to build businesses that trap them. Truly free entrepreneurs design the life they want first and then build a business model that is forced to support it. Define the non-negotiable lifestyle milestones that set the trajectory for how you build your business, shift from high-touch to productized delivery, and hire outcome owners instead of task doers. Reevaluate your high-demand clients, monitor your time to value generation ratio, and have an exit strategy in place. Most entrepreneurs start a business because they want freedom. They envision…
Shares in memory chip companies slumped across U.S. markets Monday, in a further sign of investor concerns over how much road is left for the AI stock market boom. SK Hynix’s American depository shares were down 8.9% by midday Monday, just days after its blockbuster stock market debut last week, the largest ever U.S. IPO by a foreign company. The chip giant was also the biggest faller in South Korea, plunging a record 15%, while tech giant Samsung also dropped 10.5%. The two firms dominate the country’s Kospi index, and the falls were so steep that they triggered a temporary stop in…
American consumers — and the Federal Reserve — are being hit with another high-cost headache.The gusher of investment in data centers — likely topping $700 billion this year — to power artificial intelligence has made memory chips, computer processors and other equipment, as well as electricity, more expensive. Economists expect it will continue to push up inflation at least through the end of this year.While it won’t be as large a spike as occurred in 2021-2023, when inflation peaked at 9.1%, massive AI spending is likely to keep prices rising more quickly than the Federal Reserve would like. Such increases…
A top European Union official on Monday called for limits to be placed on children using social media as a special EU panel looking into the challenge recommended forbidding access for those under 13 until tech companies can prove their platforms are safe.Growing awareness of the dangers social media poses for young, developing brains has shown up in a wave of new restrictions globally. Australia, the U.K., Turkey, Indonesia and others have passed bans on kids under 16 or 15 from using platforms like TikTok, YouTube and Instagram.Laying out a list of her concerns about the use of social media…
ChatGPT just launched a new voice model, and above all else, its conversations are meant to feel natural. Seriously—the word natural appears no less than 13 times in OpenAI’s announcement of GPT-Live. Where previous voice models relied on turn-based conversations, GPT-Live aims to actively listen to users and continuously react, even interjecting with acknowledgments like “mmhmm” and “got it” to prove it’s paying attention. The “new generation of voice models” launched on July 8 with two versions, GPT‑Live‑1 and GPT‑Live‑1 mini, which have rolled out to ChatGPT users globally. They’re meant to be smarter, faster, and more human than ever…