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☆ China's economy reveals pockets of softness. Here's what to watch ahead of Friday's data
▼ + stars: | 2024-05-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

The National Bureau of Statistics is due to release data on retail sales, industrial production and fixed asset investment for April on Friday. Some of the weakness speaks to genuine sluggish demand in China at present. The firm expects this week's economic data releases to show a "softening in economic momentum," affirming its forecasts for the central bank to cut rates by the end of June. "Some of the weakness speaks to genuine sluggish demand in China at present," said Hui Shan, Goldman Sachs' China chief economist, in a note Sunday. Businesses' loan demand fallsNew bank loans to businesses and government organizations dropped sharply in April from March, as did new loans to households, according to official data accessed through Wind Information.

Persons: Hui Shan Goldman Sachs, Louise Loo, Goldman Sachs, Hui Shan, Goldman, RRR, Pan Gongsheng Organizations: Visual China, Getty, BEIJING, National Bureau, Statistics, Reuters, Finance, Oxford Economics, People's Bank of, Information, Clocktower, CNBC Locations: Lianyungang, Jiangsu Province, China, —, Beijing, People's Bank of China

☆ Climate protesters interrupt Italian Open matches, throwing confetti on the court and gluing themselves to stands
▼ + stars: | 2024-05-14 | by ( Ben Morse | Marta Simonella | ) edition.cnn.com time to read: +2 min

CNN —Climate protesters interrupted two matches at the Italian Open on Monday, throwing confetti onto the court and gluing themselves to the stands, organizers said. In footage of the event, fans could be heard voicing their displeasure as the protesters ran onto court. Other protesters glued themselves to the stands, organizers said in a statement. Protesters caused a stir in the stands at the Italian Open. You have to do something …”According to the Italian Open organizers, Ultima Generazione were in Rome to discuss “some proposals” and “had already staged several protests.”“The request from the environmentalists of Ultima Generazione is for a reparations fund for climate disasters,” the statement added.

Persons: Madison Keys, Cîrstea, Keys, Świątek, Dan Istitene, Santiago González, Roger, Vasselin, Marcelo Arévalo, Mate Pavić, Pavić, “, ” Organizations: CNN, Cîrstea, Ultima Locations: Italian, Rome

Thirty-year mortgage interest rates have been holding steady after dipping below 7% earlier this month, according to Zillow data. Once the Fed is able to start cutting rates, mortgage rates should also go down. On the other hand, if April's CPI data shows signs of cooling, mortgage rates could inch down a bit further. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. Once the Fed cuts rates, mortgage rates should fall even further.

Persons: you'll, Freddie Mac, it's Organizations: Federal Reserve, Zillow Locations: Chevron

☆ Brex: 2024 CNBC Disruptor 50
▼ + stars: | 2024-05-14 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

Since SVB, Brex has continued to invest in differentiated services, including AI-powered tools to help streamline expense reporting, booking and management capabilities, accounts payable and procurement management. Within 36 hours, Brex signed up nearly 4,000 companies, taking in close to $2 billion in deposits. It has since backtracked on that position, and has doubled down on its roots serving tech startups. The spend management space has become more crowded, with fellow Disruptors Ramp and Navan, as well as Expensify, Mesh Payments, Airbase and Center competing for market share. Tech companies laid off more than 191,000 workers in 2023 — a trend that has continued into 2024.

Persons: Brex, Henrique Dubugras, Pedro Francheschi, Francheschi, Ben Gammell, PitchBook Organizations: Ribbit, DST, San, Airbase, Center, Tech Locations: Salt Lake City, San Francisco, Navan

☆ Hedge-fund manager Boaz Weinstein says meme stock rally makes 'mockery' of investing
▼ + stars: | 2024-05-14 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

The meme stock craze is back , but hedge-fund titan Boaz Weinstein said he wants nothing to do with it. The resurgence of meme mania began late Sunday when " Roaring Kitty ," the man who first ignited the meme stock phenomenon through GameStop in 2021, posted on X for the first time since then. Beyond meme stocks, Weinstein said there's sure to be plenty of volatility in the "foggy" market in the months to come, citing inflation, geopolitics and the upcoming U.S. presidential election. When you put all that together … we're going to have a credit crunch in the next couple of years if things don't change." "Maybe in both cases, there's going to be plenty of volatility, and I'm quite excited for it," he added.

Persons: Boaz Weinstein, Weinstein, CNBC's, there's, … we're, Donald Trump Organizations: Saba Capital Management, GameStop, AMC

☆ Live Updates: Cohen Will Continue Testifying at Trump Trial After Steady Turn on Stand
▼ + stars: | 2024-05-14 | by ( Michael Wilson | ) www.nytimes.com time to read: +5 min

Mr. Cohen said that, according to Mr. Trump, she recommended calling it “locker-room talk” to explain it away. Mr. Cohen brought many of those moments to life, describing Mr. Trump’s micromanagement and his campaign’s panic after the release of the “Access Hollywood” tape. Mr. Cohen also bolstered testimony by David Pecker, the former National Enquirer publisher, establishing a deal to suppress unflattering stories about Mr. Trump. “Once I received the money back from Mr. Trump, I would deposit it and no one would be the wiser,” Mr. Cohen said. He also held a news conference blasting Democrats, whom he and Mr. Trump blame for the case, and Mr. Cohen.

Persons: Michael D, Cohen, Donald J, Trump’s, ”, Stormy Daniels, Trump, Daniels, Melania, “, Todd Heisler, ” Mr, Karen McDougal, ” Cohen, Mr, Trump’s micromanagement, David Pecker, Keith Davidson, Daniels’s, ‘, ’, Allen Weisselberg, J.D, Vance of, Vance, Rick Scott of, Ken Paxton, Tommy Tuberville, Michael Cohen, — Organizations: ., New York Times, Playboy, National Enquirer, Republican, Prosecutors Locations: Manhattan, Lower Manhattan, Vance of Ohio, Rick Scott of Florida, Texas, Alabama

☆ Debt — and delinquencies — are on the rise for Americans
▼ + stars: | 2024-05-14 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

New data released Tuesday by the Federal Reserve Bank of New York showed that as household debt balances grew during the first quarter, delinquencies also marched higher. Notably, the percentage of credit card balances in serious delinquency (90 days or more late) climbed to its highest level since 2012. The transitions into delinquency — especially serious delinquency — increased across all debt types, according to the report. Overall household debt grew by 1.1% during the first quarter to $17.69 trillion, according to data that is not adjusted for inflation. Credit card balances dipped (as they typically do post-holidays) by $14 billion to $1.12 trillion.

Persons: delinquencies, Joelle, Delinquencies Organizations: CNN, Federal Reserve Bank of New, “, Public Policy Research, New York Fed, Credit Locations: Federal Reserve Bank of New York, York, New

☆ A 20% home down payment isn't 'the law of the land,' analyst says. Here's how much people are paying
▼ + stars: | 2024-05-14 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Tetra Images | Tetra Images | Getty ImagesPutting 20% down is 'definitely not required'One way to reduce your monthly mortgage payment is by putting down more money and borrowing less. But for many households, trying to get a higher down payment can be challenging, said Danielle Hale, chief economist at Realtor.com. While a lower down payment is one way to "attack affordability challenges," it can be a "mixed bag," Hamrick said. With a lower down payment, you will need to borrow more from your lender, which raises the monthly cost of your mortgage, Hale said. A smaller down payment can also mean you don't qualify for a lender's best -available interest rate.

Persons: Danielle Hale, there's, SurveyMonkey, Hale, It's, Hamrick Organizations: CNBC, Department of Veterans Affairs, U.S . Department of Agriculture, Federal Housing Association Locations: U.S

☆ JPMorgan's trading desk lays out 6 scenarios for tomorrow's inflation report, and how the stock market will react to each of them
▼ + stars: | 2024-05-14 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

The Wednesday release of the April CPI report has the potential to shake up the stock market. A cool inflation report would bode well for interest rate cuts from the Fed and vice versa if it's hotter than expected. JPMorgan laid out six scenarios for April CPI and how the stock market could react to each. The coming inflation report is set to market-shaking because it will help investors determine when the Federal Reserve might move forward with interest rate cuts. At the start of the year, the market was pricing in as many as seven interest rate cuts, but that has dwindled to just two rate cuts before year-end.

Persons: bode, —, Defensives outperforming, JPMorgan's Andrew Tyler, Tyler, Immaculate Disinflation Organizations: Fed, JPMorgan, Service, Federal Reserve, China PPI Locations: China

☆ High Interest Rates Are Hitting Poorer Americans the Hardest
▼ + stars: | 2024-05-14 | by ( Ben Casselman | Jeanna Smialek | ) www.nytimes.com time to read: +1 min

High interest rates haven’t crashed the financial system, set off a wave of bankruptcies or caused the recession that many economists feared. But for millions of low- and moderate-income families, high rates are taking a toll. More Americans are falling behind on payments on credit card and auto loans, even as many are taking on more debt than ever before. Monthly interest expenses have soared since the Federal Reserve began raising interest rates two years ago. She is making progress, but high rates aren’t helping.

Persons: ”, Ora Dorsey, Ms, Dorsey Organizations: Federal Reserve, Army Locations: Clarksville, Tenn

☆ Credit card delinquencies rise as more Gen Z cardholders are maxed out, New York Fed research shows
▼ + stars: | 2024-05-14 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

Over the last year, roughly 8.9% of credit card balances transitioned into delinquency, the New York Fed found. Credit card rates top 20%At the same time, credit cards have become one of the most expensive ways to borrow money. As the federal funds rate rose, the prime rate did, as well, and credit card rates followed suit. "With the Fed likely to keep rates higher for longer, credit card rates should remain high for the foreseeable future," Rossman said. What to do if you're in credit card debt

Persons: Bankrate, Ted Rossman, Rossman Organizations: Federal Reserve Bank of New, New York Fed Locations: Federal Reserve Bank of New York

☆ Kapital: 2024 CNBC Disruptor 50
▼ + stars: | 2024-05-14 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: 1 min

Small businesses dominate the global economy, and yet few banks focus on lending credit to this underserved demographic. According to the World Bank, small and medium-sized businesses make up 90% of global companies but only get 10.5% of total bank credit available. Even those that do get bank credit often don't have the kind of robust business management platform that large enterprises have. It gives businesses access to capital through revolving credit lines and business credit cards, while its business management platform provides real-time visibility into operations, cash flows, management of loans, payroll, benefits and invoicing. "That's what we're fixing — we give them visibility of their finances," Rene Saul, who co-founded Kapital with Fernando Sandoval in 2020, told TechCrunch.

Persons: Rene Saul, Fernando Sandoval Organizations: World Bank

☆ Money or talent? What's actually driving hedge funds to Abu Dhabi and Dubai
▼ + stars: | 2024-05-14 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +9 min

Millennium, Brevan Howard, Schonfeld, and ExodusPoint are just a few of the funds that have put roots down in either Abu Dhabi or Dubai. Meanwhile, Bridgewater's Ray Dalio bought a penthouse in Abu Dhabi as he compliments the country's policies. When one US-based hedge fund fundraiser met with Abu Dhabi officials late last year, he didn't expect much to come of it. He lauded everything from the Louvre outpost in Abu Dhabi to the warm weather to the responsiveness from government officials. A Bloomberg story on Abu Dhabi notes that it's fast-tracking country-club admissions for new wealthy immigrants.

Persons: —, Brevan Howard, Schonfeld, Bridgewater's Ray Dalio, Austen Smart, Tighe, Smart, Alan Howard, Greg Coffey, Danny Yong, hoover, Doug Greenig, Morgan, Point72, Steve Cohen, Viking Global's Andreas Halvorsen, keynotes, Howard, Abu Dhabi, Craig Bergstrom, Bobby Jain's, Florin Court's Greenig, Abu, Floring Organizations: Service, United Arab Emirates, titans, Business, Tighe International, Florin Court Capital, Morgan Stanley's, Dubai Financial Services Authority, Abu, Abu Dhabi Investment Authority, Mubadala Investment Company, Corbin Capital, Abu Dhabi Global, Hong Kong, pats, Bloomberg Locations: Dubai, Abu Dhabi, London, New York, Mumbai, UAE, Asia, Switzerland, It's, Gaza, Iran, Palm, Europe, Cayman Islands, Jersey, Miami, San Franciso, Riyadh, Saudi

☆ Why the Big TV companies aren't 100% completely screwed. Yet.
▼ + stars: | 2024-05-14 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Big TV used to have a monopoly on our attention — and our wallets. This mirrors the pitch big TV companies are making this week in New York to advertisers. AdvertisementThe Big TV guys are screwed, right? AdvertisementAnd here to make that argument is Nielsen, which has a new way of tracking attention among media companies — including digital upstarts. And in this version, the TV guys are still sticking around.

Persons: aren't, —, They're, Nielsen, It's, it's Organizations: Service, NFL, Business, Netflix, Disney, ABC, ESPN, Hulu, Paramount, CBS, NBC Universal, YouTube, Nielsen Locations: New York

☆ Top bond fund manager Ford O'Neil of Fidelity reveals his 'secret sauce' to generate outperformance
▼ + stars: | 2024-05-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

He previously took home the title of Morningstar fixed-income manager of the year in 2016. Generating long-term outperformance The largest among the many funds O'Neil co-manages is the Fidelity Total Bond Fund (FTBFX), which has $35.8 billion in assets and a 5.32% 30-day SEC yield. From December 2004 through the end of March 2024, Fidelity Total Bond Fund's 3.7% annualized gain topped the typical intermediate core-plus bond Morningstar Category fund's 3.3% and the 3.1% of its benchmark, the Bloomberg U.S. The 'secret sauce' The fixed-income team also benefits from teaming up with equity analysts when they talk to corporate executives, public agencies and government issuers. "If you're a buyer of nominal yields, you're finding the market very attractive.

Persons: Fidelity's Ford O'Neil, O'Neil, O'Neil —, Morningstar, Ford …, Dan Culloton, Morningstar's Culloton, FTBFX, it's Organizations: Fidelity, Harvard University, One, CNBC, Harvard, Bond Fund, SEC, Bloomberg U.S, Total Bond, Bond, Federal Reserve, Fed, Treasury Locations: Wharton, U.S

☆ Tala: 2024 CNBC Disruptor 50
▼ + stars: | 2024-05-14 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: 1 min

Tala is out to disrupt legacy finance in developing markets by providing loans, credit, insurance and bill pay to consumers who lack access to banks, insurers and lenders, and who lack a financial track record. Last year, Tala increased its total loan volume to $5 billion across nine million people across three continents. That's up from $3.4 billion in credit dispersed to about eight million consumers the year before. The digital lender offers micro-loans between $10 to $500 to consumers and small businesses in emerging markets through its smartphone money app. Tala checks users' phone data and their bill paying activity to create credit scores that determine the loan amount it can offer.

Persons: Tala, Shivani Siroya Locations: Kenya, India, Philippines, Tala

☆ Prosecution seeks to land Trump hush money case as Cohen cross-examination looms
▼ + stars: | 2024-05-14 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

“This case is going to turn in large part on the cross-examination of Mr. Cohen. Cohen said that Trump told him: “Women are going to hate me. “This was all about the campaign.” Cohen also testified that Trump said he would not be on the market for long, implying he could get another wife quickly. Throughout his testimony, Cohen said he always kept Trump up to speed with his activities. “Everything required Mr. Trump’s sign-off,” he said, noting the Daniels payment was no exception.

Persons: CNN — “, Michael Cohen, Donald Trump’s, Cohen, Trump, ” Ryan Goodman, CNN’s Erin Burnett, ” Trump, Bernarda Villalona, “, Donald Trump, ”, “ Michael Cohen, David Schoen, ” Schoen, CNN’s Wolf, quagmire, Joe Biden, Judge Juan Merchan, Cohen –, –, Ohio Sen, J.D, Vance, Alabama Sen, Tommy Tuberville, mulls, “ What’s, Stormy Daniels, Susan Hoffinger, Hoffinger, Daniels, Daniels ’, —, ” Cohen, smirked, Trump’s, ’, ‘, reimbursements Cohen, Allen Weisselberg Organizations: CNN, Prosecutors, Republican, NYU Law, Trump, New, New York Times, Judge, Alabama, GOP, Ohio Republican, Trump Organization, White House Locations: New York, Siena, York, Ohio

☆ Leaked Memo: The head of Citi's fastest-growing wealth business is leaving. Read Andy Sieg's announcement.
▼ + stars: | 2024-05-14 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Read previewCiti's ailing wealth business has one bright spot: a division devoted to serving rich law-firm partners and other wealthy executives. She's one of at least 20 senior wealth executives to depart since Andy Sieg took over Citi's wealth business in September after leaving Merrill Lynch. AdvertisementAndy Sieg took over Citi's wealth division in September after leaving Merrill Lynch. Merrill LynchVahid's unit, Wealth at Work, is the smallest but fastest-growing part of Citi's wealth division. Naz then spearheaded the expansion of this successful model with the creation of Wealth at Work, a cornerstone of our Wealth business.

Persons: —, Mehrnaz, Naz, Vahid, Andy Sieg, Merrill Lynch, Sieg, Naz Vahid, Andy Organizations: Service, Citi, Business, Wealth, Law Firm Group

☆ Don't call them DINKs. Many childfree adults are ALICEs, living paycheck to paycheck without government assistance
▼ + stars: | 2024-05-14 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

A growing number of child-free adults, however, are falling through the cracks of the US economy. Many low-income childfree adults fall into the ALICE category — people who are asset-limited, income-constrained, and employed. The majority of these adults don't receive any state or federal rental assistance. AdvertisementMany Social Security and Medicare programs also primarily offer assistance to older adults, excluding adults under 62. He suggested expanding the Earned Income Tax Credit to benefit more adults without children, along with removing the extra qualifications childfree adults must meet to access SNAP benefits.

Persons: —, childfree, Robert Greenstein, Greenstein Organizations: Service, Business, Brookings Institution, Brookings, The Hamilton, Security, SNAP, Social Security Locations: Brookings

☆ 'The house is burning down': Money expert's advice for a couple with over $620,000 in debt
▼ + stars: | 2024-05-13 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

Each month, they pay $3,700 for their mortgage, $3,342 on their credit card debt and $2,495 on their auto loans. 'The house is burning down'When Sethi asked Kevin and Michelle why they needed help despite their high income, Kevin said impulse buys like drinks at 7-Eleven have really added up. The couple owes $73,000 in credit card debt and $99,000 on two auto loans for luxury cars. "That's a total distraction from what's really going on here, which is the house is burning down." At the time of the podcast's recording, the couple's fixed costs came out to about 73% of their monthly income.

Persons: Ramit Sethi, Rich, Kevin, Michelle, Sethi

☆ Why a debt-fueled US economy is facing a hard landing in 2025, chief economist says
▼ + stars: | 2024-05-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

According to the Apollo chief economist, that's because current strength stems from high debt loads, both among US consumers and the corporate world. Slok pointed out that delinquencies are rising on credit cards and auto loans, despite an economy with low unemployment. But while that keeps a hard landing on the table, the next few quarters will still deliver solid performance, he said. Advertisement"We still have behind us a very strong tailwind. We still have strong spending in the pipeline from the Chips Act, Inflation Reduction Act, the Infrastructure Act."

Persons: —, Torsten Slok, Slok Organizations: Service, Apollo, Business, Bloomberg, Fitch, Reserve Locations: headwinds

☆ Live Updates: Michael Cohen, Trump’s Ex-Fixer and His Nemesis, to Testify at His Trial
▼ + stars: | 2024-05-13 | by ( Jonah E. Bromwich | Ben Protess | ) www.nytimes.com time to read: +18 min

This week, however, Mr. Cohen is poised to unfix Mr. Trump’s life. And, on occasion, Mr. Cohen has said, Mr. Trump put Mr. Cohen on the phone with his wife, Melania, to reassure her that he hadn’t been unfaithful. Mr. Cohen was no longer a Trump Organization employee, and Mr. Trump had excluded him from a job in Washington. When one of Mr. Trump’s friends asked Mr. Trump why he kept Mr. Cohen so close, Mr. Trump replied, “He has his purpose.”Image In 2016, Mr. Cohen campaigned for Mr. Trump, but he did not get a job in the administration. At that meeting, Mr. Cohen has said, he and Mr. Trump confirmed their plan to falsify the records.

Persons: Michael D, Cohen, Donald J, Trump, litigators, Cohen’s, Trump’s, Stormy Daniels, Mr, lackey, ”, Jim Cole, —, Donny Deutsch, ” Mr, Deutsch, “ Donald, Trump’s “, “, ” ‘, T.J . Kirkpatrick, ” Jeffrey McConney, dryly, Roy M, Cohn, Joseph McCarthy, Rosie O’Donnell, John Taggart, Barron, Donald Trump Jr, hadn’t, Black, Karen McDougal, Daniels, Jonathan Ernst, Cohen puttered, Lanny J, Davis, doesn’t revel, Omarosa Manigault Newman, Michael, Jim Lo Scalzo, You’re, ’, Alina Habba, perjured, isn’t, Habba, Ms, “ You’re, Hope Hicks, scoffed, “ Michael Cohen Organizations: York, Prosecutors, Mr, Trump, Associated, The New York Times, Trump Organization, CNBC, Communist, National Enquirer, Playboy, Credit, Nike, “ Fox & Friends, Democratic, Federal Bureau of Prisons, White, New Locations: Manhattan, New York, Long, Trump’s New York, Trump, Miami, Moscow, Iowa, Washington, Otisville

☆ With Extensive Planning, and Treats, 2,500 Show Dogs Descend on New York
▼ + stars: | 2024-05-13 | by ( Christine Chung | ) www.nytimes.com time to read: 1 min

To participate in the Westminster Kennel Club Dog Show, Vitellozzo, a French bulldog from Croatia, was driven to Budapest, flown to Warsaw and then to Chicago (for another show). The final leg was a road trip to New York. Vitellozzo slept most of the journey. Credit... Clark Hodgin for The New York Times

Persons: Vitellozzo, Clark Hodgin Organizations: Westminster Kennel, The New York Locations: Croatia, Budapest, Warsaw, Chicago, New York

☆ Meet the group preparing for a Soviet Union-type collapse of the US economy
▼ + stars: | 2024-05-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the people preparing for the collapse of the financial system . The big storyPreparing for the worstAdobe; Chelsea Jia Feng/BIOpinions fluctuate on the economy, but one group has a decidedly strong take. In the subreddit r/economiccollapse, users are preparing for a Soviet Union-type fall of the US economy , writes Business Insider's Jennifer Sor. Further down the economic totem pole, ALICEs (asset limited, income constrained, employed) are struggling to make ends meet . 3 things in techAlex Wong/Getty Images, STR / Contributor/Getty Images, Stephane De Sakutin/Contributor/Getty Images, Abanti Chowdhury/BIHow Mark Zuckerberg turned against the news.

Persons: —, Chelsea Jia Feng, Jennifer Sor, Jennifer, aren't, Tyler, there's, Neil Dutta, Jim Simons, annualized, Alex Wong, Stephane De Sakutin, Abanti Chowdhury, Mark Zuckerberg, Zuckerberg, Rupert Murdoch, Sam Altman, Alyssa Powell, Rick Doblin, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, Chelsea, Macro, Renaissance Technologies, Big Tech, Apple, FDA, FOX Locations: Soviet Union, China, Washington, Beijing, New York, London, Chicago

☆ My wife and I have been married for 37 years. We've gone on date nights every single week.
▼ + stars: | 2024-05-13 | by ( Craig Stoltz | ) www.businessinsider.com time to read: +4 min

My wife Pam and I have been married for 37 years. Strictly speaking, it applies only to being married to Pam, but I hope it is sufficiently generalizable to other situations. But date night is the best investment we can make in our marriage. Date night is mutual attention. I wonder how many hours we've spent on date night?

Persons: Malcolm Gladwell, Pam, I've, It's, we've, —, He's, I'm, Arnold Palmer Organizations: Service, Business, Google Locations: That's

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