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"If you have that money in southern Italy, you can live like a king, including renting or purchasing a property." If you're hoping to retire in style while keeping costs low, a European retirement may be right for you. That's true for luxury vacation hotspots such as Lake Como and Saint-Tropez, though you may not find what you're looking for in those places anyway. So they have beaches, a walkable town, restaurants, bars, trains — they live on the main line," Sikes says. "There are zero restrictions on Americans buying property in Italy or France," Sikes tells CNBC Make It.
Persons: Tommy Sikes, Sikes Organizations: CNBC, European Union Locations: France, Italy, United States, U.S, York, Los Angeles, Europe, Paris, Rome, Milan, Como, Saint, Ireland, Cyprus
Johner Images | Johner Images Royalty-free | Getty ImagesA new U.S. Labor Department rule will significantly change the advice many investors receive about rolling money over from 401(k) plans to individual retirement accounts, legal experts say. watch nowA 'major shift' in rollover adviceThe new Labor Department rule aims to make more investment recommendations "fiduciary" in nature. The new Labor Department rule changes that, however. Good advisors are likely making an honest effort to do what's best for their clients, but hopefully the Labor Department rule would "bring up the bottom to a better quality," Reish said. However, many financial companies dispute the necessity of the Labor Department rule.
Persons: Rollovers, Katrina Berishaj, Ronon Stevens, Young, it's, Reish, Berishaj, They'd, Susan Neely Organizations: . Labor Department, Department, Labor, Economic, Labor Department, Young, American Council of
I'm on the extreme end of the Gen Z remote worker movement; I've quite literally built my career from under my covers. It's comfortable, but I'm missing out on part of the professional world. I'm in a stronger financial situation because I've been able to stay outside London, and I've still made some genuinely wonderful long-distance connections. I've missed out on having that safety net that most professionals develop in the workplace. I've missed out on all the office dynamics, and there's no denying it; sometimes, staring at a laptop screen alone can feel like Groundhog Day.
Persons: , I've, I'd, I'm, That's, It's, craves Organizations: Service, Business Locations: London
The town of Abernathy also reported a water system hack, and the towns of Lockney and Hale Center said hackers tried to breach their water infrastructure but did not succeed. Unlike how David was ready to take on Goliath, our most vulnerable critical infrastructure systems – including water infrastructure – are ill-prepared. The water attacks we’ve seen so far have not had serious consequences for the people they serve. According to the EPA, 90% of the nation’s community water systems are small, public systems bringing water to 10,000 or fewer customers. If we really want to help water utilities defend against cyber threats, we have to close the resource gap.
Persons: Robert M, Lee Dragos, David, we’ve, , Iran –, Homeland Security’s Organizations: CNN, Cyber Army, Hale Center, Islamic Revolutionary Guard Corps, FBI, Rehabilitation, Government, Department, Homeland, Infrastructure Security Agency, National Security Agency, Environmental Protection Agency, Department of Homeland, Local Locations: Russia, Texas, Muleshoe, Abernathy, Lockney, Aliquippa , Pennsylvania, United States, China, North Korea, Iran, Department of Homeland Security’s State
Meredith Tabbone first decided to buy and renovate a cheap home in Italy to reconnect with her family history. More than four years and nearly half a million dollars later, her 1-euro home journey has given her a new perspective on work, life, friendships and happiness. Meredith Tabbone spent roughly $475,000 on her dream home in Sambuca di Sicilia. She also bought the building next door and spent the next four years managing a local crew on the massive renovation. In all, Tabbone spent roughly $475,000 on her Italian dream home.
Persons: Meredith Tabbone, Tabbone, Sambuca di Sicilia, Mickey Todiwala, I've, She's, she's Organizations: Sambuca, CNBC Locations: Italy, Chicago, Sicilia, Sambuca, America, Sambuca di, U.S, Sicily
AdvertisementIt could be all about recessionsSince the 1950s, whenever the US economy fell into a recession, the rate of working men tended to suffer a lasting blow. AdvertisementWhy have recessions appeared to have such a lasting impact on working men? The strong recovery of men working after the pandemic recession could be due to the unique nature of this downturn — which tanked an otherwise healthy economy. And of course, some lucky prime-age men aren't working because they've had a lot of financial success — and already retired. Deciphering how much these explanations have fueled the decline of working men could be worthy of further explanation, the economists said.
Persons: , It's, Abigail Wozniak, Wozniak, David Autor, There's, Jason Furman, Barack Obama's, Elise Gould, Gould, aren't, we've, John M, Coglianese, they've Organizations: Service, Federal Reserve Bank of Minneapolis, Massachusetts Institute of Technology, Washington Post, of Labor Statistics, San Francisco Fed, BLS, Economic, Economic Policy Institute, Federal Reserve
Opinion | Maximizing Profits at the Patients’ Expense
  + stars: | 2024-04-28 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “Patients Hit With Big Bills While Insurers Reap Fees” (front page, April 7):Chris Hamby’s investigation uncovers the hard truth for patients who receive care from providers outside their insurance network. While most of us try to save out-of-pocket costs by using in-network health professionals and hospitals, it’s not always possible. Health price transparency is improving, but it’s outrageous that even two years after the No Surprises Act passed, everyone except the patient knows the price of a procedure or doctor’s visit in advance, leaving patients unpleasantly surprised. The writer is senior director of Health Care Campaigns for U.S. PIRG. To the Editor:This is just the latest example of the schemes deployed by insurers to maximize profits by cutting reimbursements to physicians and shifting medically necessary health care costs onto patients.
Persons: Chris Hamby’s, it’s, unpleasantly, Patricia Kelmar Alexandria Organizations: Bills, Health, U.S Locations: Va
Investors should be wary of coming Fed rate cuts, Black Swan investor Mark Spitznagel warned. That's because the Fed is only cutting rates in response to a weakening economy, Spitznagel told Reuters last week. The US could see a recession and major stock crash before rates head lower, he predicted. That's because the Fed is only likely to ease monetary policy when the economy is slammed with a recession and the market is flailing, according to famous "Black Swan" investor Mark Spitznagel. "There are lag effects when you reset interest rates like we had."
Persons: Black Swan, Mark Spitznagel, Spitznagel, , Swan, Nassim Taleb Organizations: Reuters, Service, Federal Reserve, Universa, Federal, National Association of Business Economics, Investor
That didn’t work. In 2015, they collected signatures to bring their proposal up for a vote, but didn’t get enough. This time, they made it to a ballot and won the election, only to be stalled by a lengthy court battle. But the Louisiana Supreme Court cleared the way on Friday for the formation of St. George, a city of nearly 100,000 people that joins the ranks of the state’s largest cities, falling between Lafayette and Lake Charles in population. It is the first city to be incorporated in Louisiana in nearly two decades.
Persons: George ., George Locations: Baton Rouge, La, St, Louisiana, Lafayette, Lake Charles
Federal Reserve Chairman Jerome Powell met with the press after the March Federal Open Market Committee (FOMC) meeting, which was pretty fraught. Data centers If there is the whiff of a data center or anything in one, the stock goes higher. It's why Meta stock is a buy a tad lower as stocks tend to revisit those kinds of declines. I worry about Club stock Stanley Black & Decker for this reason, but the dividend will keep it propped up for now. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: what's, Jerome Powell, Powell, Powell isn't, Voltaire, Vertiv, Eaton, Meta, It's, jetsam, Darius Adamczyk, Vimal, Stanley Black, Decker, Azek, Morgan Stanley, Wells, Charlie Scharf, Wells Fargo, Chipotle, that's, Johnson, Jensen Huang, Jim Cramer's, Jim Cramer, Jim, Scott Mlyn Organizations: Federal, Market, Broadcom, Google, Microsoft, Nvidia, Travel American Express, Raytheon, GE Aerospace, Royal, AAR, Honeywell, Southwest Airlines, Housing, Stanley, JPMorgan, Procter, Gamble, Colgate, Merck, Bristol, Myers, PepsiCo, Energy, Coterra Energy, Diamondback, drillers, CNBC Locations: California, Royal Caribbean, Delta, Devon
Saudi Arabia plans to open the first part of its Neom megaproject this year. Saudi Arabia is pushing to distinguish itself in the high-end luxury market to compete with Dubai. AdvertisementSaudi Arabia plans to open the first region of its Neom megacity by the end of the year. Neom recently ended investor roadshows in China by confirming the luxury island resort would open this year, Arab News reported. A rendering of The Line, part of the Neom project planned by Saudi Arabia.
Persons: , Neom, roadshows, It's, Marriott Bonvoy, Chadi, MDLBEAST, Kristian Coates Ulrichsen, Saudi Arabia hasn't, Ulrichsen, Saudi Crown Prince Mohammed bin Salman's Organizations: Dubai, Service, Arab News, Marriott, United, Rice, Baker Institute for Public Policy, Emirates, Saudi, Bloomberg, Business Locations: Saudi Arabia, Sindalah, China, Saudi, Vives, Dubai, United Arab Emirates, Saudi Crown, Gulf Kingdom
Overall, 92% of Republicans call Trump’s time in office a success, while just 73% of Democrats say Biden’s has been a success so far. Among independents, 51% say Trump’s presidency was successful, while only 37% see Biden’s as a success. Those voters who say the economy is deeply important break heavily for Trump in a matchup against Biden, 62% to 30%. In the Biden vs. Trump matchup, the poll finds Biden faring worse than in previous CNN polls among the youngest voters, trailing Trump by a 51%-to-40% margin among voters younger than 35. But the poll finds that Biden voters and Trump voters largely just don’t understand each other.
Persons: Donald Trump, Joe Biden, Biden’s, Trump, That’s, Trump’s, it’s, Biden, Robert F, Kennedy Jr, Cornel, Jill Stein, Kennedy, Stein, SSRS, CNN’s Ariel Edwards, Levy, Ed Wu Organizations: CNN, SSRS, Biden, Capitol, Republicans, Trump, Supreme Court, Hamas, Democratic, GOP, Cornel West, Green Party, Fox News, Pew Research, Surveys Locations: Israel, Gaza, Washington, Trump
I had a home, and I also knew I wanted money. That's when I really started thinking about the life I wanted my children to live. Our kids save for their wantsBoth my kids earn money through doing chores. I want my kids to be motivated, not entitledThere are many things I'm able to give my kids that my parents couldn't give me. I'm thrilled to be able to offer my kids the kind of life I only saw on television.
Persons: , Stephanie Mearse, Joseph, Vincent, I'd, Tiffany, they'll, They'll Organizations: Service, Business
A handful of drivers will keep the American economy humming along, said Jose Rasco, chief investment officer of the Americas at HSBC's wealth division. On the cyclical front, Rasco expects growth to cool as the effects of higher rates become fully felt. "Those four themes suggest to me that's how we avoid recession," said Rasco, a Lehman Brothers and Merrill Lynch alum. Bonus: Presidential election year While not exactly an investment trend, Rasco also noted that a big part of his short-term optimism toward U.S. stocks stems from the looming presidential election. Data shows U.S. stocks tend to outperform in presidential election years.
Persons: Jose Rasco, Rasco, Merrill Lynch, it's Organizations: Federal Reserve, CNBC Pro, Federal, Lehman Brothers, U.S, U.S . Research, BlackRock, HSBC Asset Management Locations: New York City, Americas, China, Mexico, U.S
After three decades researching human hope and happiness, I discovered a method you can use to measure your happiness. It's based on this simple equation: Hope ÷ Hunger = Happiness This math formula — hope divided by hunger equals happiness — says that the more hopeful and less hungry you are, the happier you become. If you're flourishing, on the other hand, it means you're happy, full of hope, and functioning well emotionally and socially. So if you can confidently make these six statements, you're flourishing — living a happier, more hopeful life than most people:1. When you have something to contribute, it means you're a consequential member of the community.
Persons: , Hope, haven't
Opinion: Winds of fate confront Trump
  + stars: | 2024-04-28 | by ( Richard Galant | ) edition.cnn.com   time to read: +19 min
We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. To Trump’s delight, the top court’s session dimmed the chances the federal case will go to trial before the election. (Trump has denied the affairs with Daniels and McDougal and has pleaded not guilty to the hush money charges. Here’s why we should tune in anyway 04:27 - Source: CNNAs SE Cupp noted, “Trump and Biden debated twice in 2020. Chris Pizzello/Invision/APCNN anchor Victor Blackwell is a fervent Beyoncé fan but her foray into country music didn’t initially grab him.
Persons: CNN —, Yabushige, Yoshii, , , Toranaga, Donald Trump’s, Trump, Stormy Daniels, Jack Smith, Steve Vladeck, Neil Gorsuch, ” Clay Jones, immunizing Trump, John Roberts, Roberts, ” Vladeck, Joey Jackson, David Pecker, Pecker’s “, Michael Cohen …, Norm Eisen, George T, Conway III, Jill Filipovic, Melania Trump, Melania, Daniels, McDougal, ” Bill Bramhall, Frida Ghitis, Jonathan Greenblatt, ” “, Rev, Serene Jones, Israel … ”, Julian Zelizer, , Lyndon Johnson, Hubert Humphrey, Richard Daley, Richard Nixon, Fareed Zakaria, Ian Berlin, I’m, Bill Bramhall, Kara Alaimo, ” Alaimo, “ Trump, Biden, CNN’s Jake Tapper, ABC’s George Stephanopoulos, Chip Bok, Clarissa Wei, Mike Johnson, Sen, John Fetterman of, Johnson, Scott Jennings, it’s, Mark Hannah, “ Biden, ” Biden, Hannah, Deborah Carr, Gerry Turner, Theresa, ’ —, ” Carr, ” Don’t, Terri Gerstein, Hasan Merali, Tess Taylor, Jeff Yang, Dean Obeidallah, Joey Weatherford, Beyoncé, Chris Pizzello, Victor Blackwell, didn’t, , Carter, she’s, CNN FlashDocs, Duke Ellington, Sammy Miller, Billy Strayhorn, Ellington, Strayhorn, Michael Ochs, “ Ellington, Organizations: CNN, Republican, Art Deco New, , Trump, New, American Media, National Enquirer, Agency, Columbia University , Yale, Defamation League, Hillel, Columbia, Force, Union Theological Seminary, New York City Police Department, Columbia University, Twitter, Facebook, Democratic, Convention, Chicago police, Yale, Real Housewives, Syndicate, Theresa Nist, Nashville’s, Max, Michael Ochs Archives Locations: New York, Washington, Florida, Georgia, Israel, Israeli, Columbia, Gaza, Chicago, Vietnam, Taiwan, China, America, Taipei, , Ukraine, John Fetterman of Pennsylvania, Fetterman, Crimea, Los Angeles, Sugar, Harlem
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. My husband and I are raising a blended family with three boys — 8, 13, and 15 — who each go to a different school with slightly different start times. Once the boys are off, my husband leaves for work, and I get started on my to-dos from the home office. The couple being cringe-y, as their youngest says, on a trip to New York City last fall without the kids. Sara LyleWe weren't together, pre-kidsMy husband and I were never a couple before having kids; we were with other partners.
Persons: , we've, Sara Lyle, It's Organizations: Service, Business, American Psychological Association, APA, New York City Locations: Colorado Springs, Caribbean, Denver, New York, Florida, New Orleans, New York City, France, Singapore, Southeast Asia
Trump’s success might make you believe that he has turned the conventional wisdom on its head – that somehow, his legal troubles are helping him politically. There isn’t much of a sign that Trump’s legal woes are helping him among the wider electorate, even if they aren’t hurting him necessarily. Consider Trump’s polling against President Joe Biden. You might think that Trump would be gaining against Biden, if the cases against Trump were helping him. It’s not clear whether the money Trump’s raising because of appeals to his base during his legal troubles is offsetting the amount his committees are spending.
Persons: Donald Trump, Joe Biden, Trump, Biden, pollster, pollsters, don’t, Trump’s, isn’t, he’s, I’m Organizations: CNN, Republican, Biden, Trump, Marist College, Reuters, New York Times, Siena College, NBC, Quinnipiac University, Marquette University Law School, Times, Financial Times Locations: York, Quinnipiac, New York
This would force interest rates to stay higher for longer, putting pressure on US businesses and consumers. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA pair of economic reports has brought back a word no central banker ever wants to hear: stagflation. The difficult scenario occurs when inflation rises and growth stalls, a dangerous combination just experienced by the US economy.
Persons: stagflation, , Thursday's, LPL, Jeffrey Roach, Mike Reynolds, Reynolds, Jamie Dimon, Roach, shouldn't Organizations: Service, Federal, yesterday's, Fed, Wall Street, Bank of America
This would force interest rates to stay higher for longer, putting pressure on US businesses and consumers. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA pair of economic reports has brought back a word no central banker ever wants to hear: stagflation. The difficult scenario occurs when inflation rises and growth stalls, a dangerous combination just experienced by the US economy.
Persons: stagflation, , Thursday's, LPL, Jeffrey Roach, Mike Reynolds, Reynolds, Jamie Dimon, Roach, shouldn't Organizations: Service, Federal, yesterday's, Fed, Wall Street, Bank of America
A mistake by Ukrainian troops appears to have let Russian forces advance and capture large parts of a village. AdvertisementA blunder by Ukrainian troops appears to have allowed Russian forces to advance and capture large parts of a village unopposed. The 47th Mechanized Brigade was due to be relieved by the 115th along the front line just east of Ocheretyne. AdvertisementMelnyk said the only reason Russia was unable to continue its advance was because the 47th Brigade rejoined the fight. An update on the Ukrainian Deep State website, which tracks changes on the battlefield, showed that Russian forces had captured large parts of the village.
Persons: , Mykola Melnyk, Hope, Vadym, Melnyk, Ocheretyne, Chasiv Yar, David Axe Organizations: 115th Mechanized Brigades, Service, 47th Mechanized Brigade, 115th Mechanized Brigade, 115th, Rifle Brigade, Facebook, 115th Brigade, Financial Times, 47th Brigade, Getty, for, Ukraine's 67th Mechanized Brigade, Forbes, Ukraine's Locations: Ukrainian, Avdiivka, Ukraine, Ocheretyne, Russia, Russian, AFP, Donetsk Oblast, Pokrovsk, Ukraine's, Bakhmut, Ukraine's Donetsk
Ceramics maker Maruwa is helping cool data centers amid the AI boom. Maruwa's 200-year history in ceramics contributes to its competitive edge. AdvertisementThe AI boom is driving a surge in data center construction that's sucking up tons of energy. By 2030, data centers are expected to consume 35 gigawatts of power annually, up from 17 gigawatts in 2022, according to McKinsey & Company. Related storiesThis is welcome news to perhaps no one more than a centuries-old Japanese ceramics maker that got its start making dinnerware.
Persons: , Goldman Sachs, Mitsuhiro Icho Organizations: Maruwa, Service, McKinsey & Company, CNET, McKinsey, Financial Times
Head coach Arne Slot of Feyenoord looks on after the Dutch Eredivisie match between Go Ahead Eagles and Feyenoord at De Adelaarshorst on April 25, 2024 in Deventer, Netherlands. Liverpool and Feyenoord have reached an agreement in principle over a compensation package for Arne Slot to become Jurgen Klopp's successor. The compensation package is £7.7m, plus £1.7m in add-ons. Sporting coach Ruben Amorim had made Liverpool's shortlist, and despite the external noise over him, the club always maintained he was not the leading or preferred option. Suggestions that financial reasons were behind Amorim not being the frontrunner for the Anfield job has been termed fiction.
Persons: Arne Slot, Arne, Jurgen Klopp's, Xabi Alonso, Ruben Amorim, Amorim Organizations: Feyenoord, Dutch, Go Ahead Eagles, De, Liverpool, Bayer Leverkusen, Sporting, Anfield Locations: De Adelaarshorst, Deventer , Netherlands, West Ham
Putin’s War Will Soon Reach Russians’ Tax Bills
  + stars: | 2024-04-27 | by ( Paul Sonne | ) www.nytimes.com   time to read: +1 min
President Vladimir V. Putin of Russia is about to institute a rare tax increase on corporations and high earners, a move that reflects both the burgeoning costs of his war in Ukraine and the firm control he has over the Russian elite as he embarks on a fifth term in office. Financial technocrats in Mr. Putin’s government are searching for new ways to fund not just an expensive war in Ukraine but also a broader confrontation with the West that is likely to remain costly for years. Russia is allocating nearly a third of its overall 2024 budget to national defense spending this year, a huge increase, adding to a deficit that the Kremlin has taken pains to keep in check. The proposed tax increase underscores Mr. Putin’s rising confidence about his political control over the Russian elite and his country’s economic resilience at home, showing that he is willing to risk alienating parts of society to fund the war. It would represent the first major tax overhaul in over a decade.
Persons: Vladimir V, Putin Locations: Russia, Ukraine
Fiske, 24, was drafted by the Los Angeles Rams in the second round of the 2024 NFL Draft on Friday evening. "I had never been around that much money," Fiske told MarketWatch last month. Together, they've discussed "how my financial life is going to change" upon signing an NFL contract, Fiske noted. "I'm putting money into mutual funds, index funds, high-yield savings accounts and maybe exploring new investment opportunities, too," he said, adding: "I also have a Roth IRA ... But that doesn't mean he won't splurge on a fun purchase: He's an avowed fan of Nike's Air Jordan 1 sneakers, for example.
Persons: Braden Fiske, , Fiske, you've, they've, Roth, he's Organizations: Los Angeles Rams, Florida State University, FSU, NFL, Roth IRA, Air, Honda Accord, CNBC
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