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We heard that from a lot of financial advisors that are now our customers. The financial advisor space is growing now as much as it ever has, alongside the growth of the robo. A word we use a lot to describe the challenges in the financial advisor landscape is inertia. KL: Where are you seeing the most growth right now in your advisor business? KL: What do you see on the horizon in the financial advisor space?
Persons: Greg Hinsdale, Thomas Moore's, Moore, Kiley Lambert, Let's, Thomas Moore, that's, Charles ] Schwab, Ameritrade, That's, we've Organizations: Bank, Getty, Mangers Group, SEI, Vanguard Group, CNBC, Summit, Opportunity
Why Is Car Insurance So Expensive?
  + stars: | 2024-05-15 | by ( Emily Flitter | ) www.nytimes.com   time to read: +1 min
If your car broke down two years ago, it probably became a bigger problem than you bargained for. A confluence of forces were to blame: The Covid pandemic disrupted supply chains, pushing used car prices to record highs and making spare parts hard to get; out-of-practice drivers emerging from lockdowns caused more severe wrecks; and technological advancements like motion sensors made even the simplest parts, like a fender or a rim, expensive to replace. Things have since improved for car owners — except when it comes to insurance bills. Car insurers are still raising prices steeply: The price of motor vehicle insurance rose more than 22 percent in the year through March, the fastest pace since the 1970s, according to the Bureau of Labor Statistics. According to calculations by the Insurance Information Institute, a trade group, the average 12-month premium for car insurance was $1,280 in 2023, the industry’s most recent figures.
Organizations: Bureau of Labor Statistics, Insurance Information Institute
It was his only day off from working 12-hour shifts at a Chinese restaurant in New York City. Evelio Contreras/CNNAfter arriving in New York, Ye spent a week in a Manhattan shelter. For Chinese asylum seekers like Ye, there is a well-trodden route to residency in the US. … It’s impossible for them to be spies.”But the rhetoric around the rise of undocumented Chinese migrants highlights growing tensions between the US and Chinese governments. He received permanent US residence a year later and has gone on to help Chinese migrants in Flushing.
Persons: Ye Chengxiang, , , Ye, Evelio Contreras, Amy Hsin, Jiang Zhen, Yong Xiong, Xi Jinping, Biden, Mark Green of, Wan Yanhai, , Jiang, “ It’s, I’m, Melanie Stetson Freeman, ’ Wan, Flushing . Li Jiada, Li Jiada, Jesus, Li Organizations: NY CNN, Central America, CNN, Queens College, Customs and, Embassy, Central, Chinese Ministry of Foreign Affairs, China, Republicans, Republican, House Homeland Security Committee, Communist Party, Christian Science, Customs Enforcement, of, Yorker Locations: Flushing, NY, New York City, China, Communist, Ye, States, Colombia, Darien, South, Central, New York, Manhattan, Flushing’s, Sunset, Mexico, Central America, Queens, Hunan province, Guangdong, Chinatown, , Flushing , New York, San Francisco, Mark Green of Tennessee, Beijing, Flushing ., Flushing , Queens
There's no sense in this, said Gary Kusin, the cofounder of Babbage, the company to which GameStop traces its roots. Imagine if Taylor Swift's brand or company went public, and all the Swifties bought stock, the shares would be overvalued. What Wall Street doesn't understand is that there are Swifties in the video game industry. "If I worked on Wall Street, I would find some other stocks and some other places to go; I wouldn't touch GameStop." And I believe that's exactly what's ailing Wall Street right now," Kusin said.
Persons: Michael Burry, Keith Gill, Gary Kusin, Babbage, Kusin, It's, Taylor, Swifties, Shorting, doesn't, Citron, Brooks, Macy's Organizations: GameStop, Melvin Capital Management, Technology, S3 Partners
Alphabet's YouTube on Tuesday said it would comply with a court decision and block access inside Hong Kong to 32 video links deemed prohibited content, in what critics say is a blow to freedoms in the financial hub amid a security clampdown. The action follows a government application granted by Hong Kong's Court of Appeal requesting the ban of a protest anthem called "Glory to Hong Kong." In comments criticizing the court order, YouTube said the ruling would raise skepticism around the Hong Kong government's work to foster the digital economy and reclaim its reputation as a predictable place for doing business. "If you start to send platforms 100 or 1,000 links for takedown every day, this will drive platforms crazy and also make global investors more worried about Hong Kong's free market environment. How predictable and how stable the policy environment is matters a lot to foreign investors, and Hong Kong is now at a crossroads to defend its reputation."
Persons: Hong Kongers, We'll, George Chen, Chen, Hong Organizations: YouTube, Hong, Appeal, U.S ., Asia Group, Washington DC, Meta Locations: Hong Kong, Hong Kong's, Washington, Greater China
Win Mcnamee | Getty ImagesDETROIT – President Joe Biden's plan to quadruple tariffs on China-made electric vehicles is unlikely to stave off the threat of more Chinese cars and trucks on U.S. roadways. Automotive and trade experts say the increased tariffs are a near-term protectionism act that may delay, but won't stop, Chinese automakers from coming to the U.S. with EVs. The EV tariffs, including other increases regarding battery materials, were among new tariff rates on $18 billion worth of Chinese imports. The quality and build of vehicles by Chinese automakers have gotten significantly better in recent years, as the Chinese government has subsidized their operations to grow domestic production. GM and others have found it hard to compete against budget and mainstream Chinese vehicles, including EVs.
Persons: Joe Biden, Win Mcnamee, Joe Biden's, It's, Dan Hearsch, Stellantis —, Warren Buffett, BYD, Morgan Stanley, Tim Hsiao, Lincoln Organizations: White, Getty, DETROIT, Communist, U.S . Automotive, Motors, U.S, — GM, Ford Motor, Chrysler, Warren, EV, Wall Street, China Association of Automobile Manufacturers, U.S . Vehicles, Lincoln Nautilus, Volvo, Biden Administration Locations: Rose, Washington , DC, China, Mexico, Americas, U.S
Foods rich in omega-3 fatty acids include salmon, sardines and various nuts including walnuts. Linoleic acid is the most common omega-6 fatty acid. Also, accurately measuring fatty acid intake is difficult, partly due to reliance on participants’ own recollections of their dietary intake. Considered individually, both high levels of omega-6 and omega-3 were linked with a lower risk of premature death. Some patients request it with the goal of improving their mental health, heart health or risk of dementia, she said.
Persons: , Yuchen Zhang, Zhang, chia, ” Zhang, Lauren R, Sastre, Sastre wasn’t, ” Sastre, Kristin Kirkpatrick, Kirkpatrick, , ” Kirkpatrick Organizations: CNN, University of Georgia’s College of Public Health, Omega, National Institutes of Health, Clinic Program, East Carolina University, Cleveland Clinic, Regenerative, Harvard Health Locations: United Kingdom
Taipei/London CNN —Beijing says it will take “all necessary actions” to protect its rights as US President Joe Biden announced huge tariffs on imports of electric vehicles and other goods from China. “China opposes the unilateral imposition of tariffs which violate (World Trade Organization) rules, and will take all necessary actions to protect its legitimate rights,” Chinese foreign ministry spokesperson Wang Wenbin told reporters Tuesday in a regular press briefing shortly before the widely anticipated White House announcement. In addition to Chinese EVs, the increase in US tariffs will apply to imports of steel and aluminum, legacy semiconductors, battery components, critical minerals, solar cells, cranes and medical products. The new tariff for solar components will be 50%, while the remainder of the targeted imports will attract tariffs of 25%. Leaders from the Group of Seven developed economies will discuss how to protect their industries at a summit next month.
Persons: London CNN —, Joe Biden, Wang Wenbin, Biden, Wang, , ” Wang Organizations: London CNN, Trade Organization, European Locations: Taipei, London, London CNN — Beijing, China, United States, Europe, Beijing
We had optimized every corner of the apartment so we could store all his stuff, like diapers and a stroller, but there was no room for a play kitchen. Every time we visited friends with a little play kitchen, he would spend hours playing there by himself. My 3 kids spent hours preparing make-believe foodMoving states with three kids under the age of 3 was not easy. We also added an art table next to the kitchen because our kids love to spend time painting and coloring. AdvertisementWhen the kids got home, they ran to their new art table and spent hours coloring, never once asking about the disappearance of their play kitchen.
Organizations: Service Locations: Brooklyn, Maine
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAll signs point to Mark Zuckerberg celebrating his 40th birthday on what many speculate is his brand-new superyacht Launchpad. But in the yachting world, where privacy is paramount, no party would confirm her owner. This story is available exclusively to Business Insider subscribers. Wingman, the support superyacht that he is suspected to have purchased with Launchpad, made the journey with her.
Persons: , Mark Zuckerberg, Zuckerberg, Ruben Griffioen, eSysman, Autoevolution, Launchpad, he's Organizations: Service, Business, Meta, SuperYacht Times, Marshall Locations: Panama, Fort Lauderdale , Florida, Russian, Launchpad, Feadship's, Netherlands
AdvertisementBut beyond the environmental consequences of the car line, something feels even more detrimental: American parenting culture. Related storiesInstead, I found that Swiss parenting basically boils down to a concept of benign neglect, where kids learn to manage themselves. Chantal PanozzoWhen I first moved to Switzerland, I was homesickMy husband and I moved to Switzerland in 2006 for a job opportunity. Daughter gone. AdvertisementAnd if that isn't a Swiss parenting win in an otherwise American world, then I don't know what is.
Persons: we'd, I've, it's, Chantal Panozzo, I'd Organizations: Service, Business Locations: Chicago, Switzerland, Swiss, Zurich
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. That earlier survey also found that 19% of non-exec workers would likewise quit if forced to pick up their commute again. AdvertisementOgawa said the findings were also notable because high-up executives are often the people tasked with implementing RTO mandates. That's a big drop from a prior survey in 2023, when 62% of CEOs held that expectation. Advertisement"They might not be looking to retain folks who wouldn't want to come back to the office," she said.
Persons: , they'd, Gartner, Caroline Ogawa, execs, Ogawa, That's, Paul Knopp, Erik Bernard, What's, RTO Gartner's Ogawa, we've Organizations: Service, Gartner, Business, KMPG, KPMG US Locations: IT, Australia
TOPSHOT - Navy soldiers walk past a Taiwan-made corvette warship during the inauguration ceremony in Yilan on March 26, 2024. Sam Yeh | Afp | Getty ImagesThe U.S. and Taiwan navies conducted joint drills in the Pacific in April that, officially, did not take place, four people briefed on the matter said, as the two militaries boost cooperation amid rising Chinese military threats. Washington and Taipei have been expanding their military cooperation in recent years amid almost daily Chinese incursions into Taiwan's air defense identification zone and drills by Chinese forces near the island. The drills, which were not publicized, took place last month in the Western Pacific, according to the sources, who requested anonymity given the sensitivity of the matter. "The Navy often makes contact with vessels of other countries and conducts encounter drills as needed," the statement said, without elaborating.
Persons: Sam Yeh Organizations: Navy, Afp, Getty, U.S, Pentagon Locations: Taiwan, Yilan, Pacific, Washington, Taipei, U.S, China, United States, Beijing
CNN —The signs are mounting that the International Criminal Court (ICC) is weighing an indictment against Israeli Prime Minister Benjamin Netanyahu and other top Israeli officials over Israel’s conduct of its war against Hamas in Gaza. But in 2015 the ICC stepped in to decide that implicitly it is, by accepting it — without consulting the Assembly of States Parties (ASP), representing ICC member states. Could the highly respected chief prosecutor, Britain’s Karim Khan, be feeling some pressure to play his part in ramping up the pressure on Netanyahu? Netanyahu is on the ropes politically and would almost certainly be trounced in an election held today. Israel desperately needs Netanyahu to be gone, as does the region and the world.
Persons: Dan Perry, Read, Benjamin Netanyahu, , Russia’s Vladimir Putin, Sudan’s Omar al, Bashir, Moammar Ghadhafi’s, Saif, Netanyahu, Israel’s, Jordan, Egypt —, Dan Perry Moreover, , Britain’s Karim Khan, Joe Biden’s, Israel Organizations: London, Associated Press, CNN, Criminal Court, Israeli, ICC, West Bank, ISIS, UN, States Parties, West, The West Bank, Bank, Palestinian Authority Locations: Cairo, Europe, Africa, Israel, Gaza, United States, Jerusalem, Sudan, Britain, Iraq, al, Libya, Yemen, Palestine, Palestinian, West Bank, East Jerusalem, Egypt, ramping, Iran
German Air Force Eurofighter Typhoon fighter jets fly during a media day. Piroschka van de Wouw/ReutersDespite their generational differences, the F-22 Raptor and Eurofighter Typhoon actually have a number of things in common. A German air force Eurofighter Typhoon taxis toward the runway at Eielson Air Force Base in Alaska before departing for a combat-training mission, June 11, 2012. So what's the verdict between the F-22 Raptor and Eurofighter Typhoon? A composite image showing a German air force Eurofighter Typhoon jet and a US Air Force F-22 Raptor.
Persons: , Valerie R, David Cenciotti's, Piroschka van de Wouw, it's, Randy Gordon, Sam Eckholm, doesn't, Rich Wells, Thomas Wiegold, John P, Michael Holzworth, It's, Marc Gruene, haven't, Gruene, isn't, Jens Stoltenberg, Bernd Wüstneck, Eurofighters, Chris Jung, That's, Eric Wicklund, Erich Hartmann, He's, Alex Muller, Andreas Pfeiffer, who's, Thomas Bergeson, Wade Tolliver, we're, Dirk Smith, Mike, Bertie Simmonds, Micheal Jordan, Chesty Puller Organizations: Service, EA, German Eurofighter Typhoons, Business, Eurofighter, Spangdahlem Air Base, US Air Force, Tactical Air Force, America's Raptors, BFM, Germany's Eurofighter, Farnborough, Air, Germany's, German Air Force Eurofighter, Reuters, Typhoon, MIT, RAF, Breaking Defense, AIM, Air Force, Staff, Raptors, Eielson Air Force Base, Tech, Germany's Air Force, Combat Aircraft, TVC, Raptor, NATO, Tactical Air, Getty, Typhoons, Seoul International Aerospace, Defense, Eurofighters, 4th, US Navy, KC, Red Flag, Navy SEAL, ISIS, Qaeda, Flag, FS, Eurofighter Typhoon Locations: Germany, Alaska, Red, Estonia, Vietnam, Flag Alaska, gun's, American
Imagine that the campus protesters got their wish tomorrow: Not just “Cease-fire Now” in Gaza, but the creation of a “Free Palestine.” How free would that future Palestine be? Palestinians have had a measure of self-rule in the West Bank since Yasir Arafat entered Gaza in 1994. Israeli settlers have run riot against their Palestinian neighbors. The Israeli government imposes heavy and unequal restrictions on Palestinians, as my colleague Megan Stack has reported in painful detail. The frequent mistreatment of Palestinians at Israeli checkpoints is a long-running disgrace.
Persons: Yasir Arafat, Mahmoud Abbas, they’ve, Israel, Megan Stack Organizations: West Bank, Palestinian Authority Locations: Gaza, Palestine
But while the company's profile in the industry has stayed constant and swaggering, behind the curtain, its business has been increasingly troubled, 10 insiders told Business Insider. Creator economy professionals mingled beneath glowing jellyfish and coral light fixtures inside Jellysmack's creator lounge during VidCon 2023. "As a startup in the ever-evolving creator economy, we are constantly testing and adapting our business model," the Jellysmack spokesperson told BI in a statement. Advertisement"The world was falling apart with the pandemic, but early Jellysmack felt like a dream," the second former staffer told BI. BI viewed two Jellysmack contracts and an email exchange between Jellysmack and one of its creator clients to verify the practice.
Persons: , SoftBank, lanyards, Jellymack, Jellysmack, YouTubers, Brad Mondo, Meta, Michael Philippe, Jellysmack cofounders Swann Maizil, Robin Sabban, Nathan Guetta, Condé Nast, Youri Hazanov, Sean Atkins, hasn't, Snapchat —, Amanda Perelli, JellyFi, deprioritize, that's, it's, Ollie Forsyth, They've Organizations: Service, Business, Facebook, influencers, BI, YouTube, Disney, Comcast, Keli, Big Tech, cryptocurrency, MTV, HBO, Copyright Capital, SoftBank, Productions, OKA Media, Network Media LLC, Crime, Star, Spotify, Crime Network Locations: VidCon, SoftBank
Washington CNN —President Joe Biden is increasing tariffs on $18 billion in Chinese imports across a handful of sectors deemed strategic to national security – an attempt to cripple Beijing’s development of critical technologies and instead prioritize US production. The increases will apply to imported steel and aluminum, legacy semiconductors, electric vehicles, battery components, critical minerals, solar cells, cranes and medical products. That same trade law also requires the effectiveness of such tariff programs to be evaluated every four years, and the Biden administration decision is the result of that study. “China can’t be the only country that produces clean technology for the world we need,” a senior administration official said. The Chinese government, Biden argued, is providing state money to Chinese steel companies to make more steel than the economy demands, pushing down the price and making it impossible for other companies to compete.
Persons: Joe Biden, , , Lael Brainard, “ China’s, Donald Trump, Biden, Wang Wenbin, Trump, Janet Yellen, Antony Blinken, “ They’re, ” Biden, Sam Fossum Organizations: Washington CNN, White, National Economic Council, CNN, Biden, Trade Organization, Brookings Institute, United Steelworkers, Trump, China’s Ministry, Commerce Locations: China, Beijing, Europe, Brazil, Turkey, Pittsburgh, Midwest
Read previewCivil rights groups initiated a class-action lawsuit on Monday, accusing an Iowa sheriff's department and its sheriff of unlawfully collecting jail fees and using some of the proceeds to fund laser tag, ice cream, and a cotton candy machine. Laser tag, ice cream, and cotton candy machinesAccording to the lawsuit, the policy is a money maker for Black Hawk County Sheriff's Office. It said that the department collected $590,217.36 in jail fees between July 2021 to July 2023. AdvertisementSome counties don't collect jail fees at all because they see the practice as unfair, the ACLU and Public Justice said in a joint statement. In the joint statement by the ACLU and Public Justice, Roberts said she wanted to take a stand against the practice.
Persons: , Tony Thompson, Rita Bettis Austen, Sheriff Thompson, Raymond, Leticia Roberts, Roberts, Charles Moore Organizations: Service, Business, Court, Nothern District of, American Civil Liberties Union of Iowa, Public, Sheriff's, ACLU, Public Justice Locations: Iowa, Hawk, Nothern District, Nothern District of Iowa
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
As a new meme frenzy unfolds in the market, traders are once again making bets in stocks with high levels of short interest. This activity could lead several companies to become the next targets of a short squeeze. A short squeeze happens when a stock price surges and forces those shorting the stock to purchase shares, or cover their shorts, to buy back stock and cut their losses. Another solar name, Maxeon Solar Technologies , has its short interest as a percent of float at about 45%. The Children's Place is another short squeeze target, as 70% of its floating shares are being sold short.
Persons: Maxeon, Goldman Sachs Organizations: GameStop, Dow, Nasdaq, Investors, CNBC Pro, New York Stock Exchange, Solar Energy, Technologies
John McEntee — who started out carrying Donald Trump’s bags and rose to become, in the chaotic final days of Trump’s presidency, his most important enforcer — has a TikTok account. In a video he published last week, he explains how he likes to keep “fake Hollywood money” in his car to give to homeless people. Kristi Noem, thirsty for a bigger role in MAGA world, might have thought she could ingratiate herself by bragging about killing a puppy. Partly in response, they’ve developed what’s sometimes called vice signaling, the defiant embrace of cruelty and disdain for social norms. And no one, of course, does vice signaling like Trump, who keeps comparing himself to the gangster Al Capone.
Persons: John McEntee —, Donald Trump’s, Trump’s, , , Trump, Patrick Bateman, Christian Bale, Kristi Noem, MAGA, ingratiate, they’ve, George, Bateman, Ron DeSantis, Al Capone Organizations: White, Office, South Dakota Gov, Florida Gov
There’s no way to be a perfect parent
  + stars: | 2024-05-13 | by ( Dr. Katie Hurley | ) edition.cnn.com   time to read: +7 min
I was stuck in the revolving door of work and parenting, and nothing about my personal life was Instagram-worthy. Somewhere between 2006 and now, parenting became a crash course in achievement, with social media grading us at every turn. Children and parents alike have unknowingly entered a relentless pressure cooker under the constant spotlight of social media. These can result in a cycle of increased mental health issues for both the parent and the child. There are two social media tricks that can be life-changing for adults: Mute accounts (you’re the only one who will know!)
Persons: TikTok, , Jessica Lahey, Donald Winnicott, Winnicott, , , ” Lahey, Katie Hurley, Strong, Fiona McPhee Organizations: CNN, Facebook, Foods, Ohio State University College of Nursing, Netflix
CNN —Georgia’s parliament is set to pass a highly controversial so-called “foreign agents” bill that has triggered widespread protests across the former Soviet republic nestled in the Caucasus Mountains. Here’s what you need to know about the proposed law and the uproar it has caused. The bill would require organizations receiving more than 20% of their funding from abroad to register as “agents of foreign influence” or face crippling fines. About 50,000 protesters gathered in Tbilisi to protest the proposed legislation on Sunday. The proposed law is modeled after a similar one in Russia that the Kremlin has used to increasingly snuff out opposition and civil society.
Persons: CNN —, Salome Zourabichvili, Irakli Kobakhidze, Bidzina Ivanishvili, Vano Shlamov, Ivanishvili, they’ve, Georgia’s, Kobakhidze, Mirian, Jake Sullivan, , Dmitry Peskov, , Ursula von der Leyen, Anna Chernova Organizations: CNN, Getty, European, House, Washington, Georgian, EU, Locations: Soviet, Caucasus, Tbilisi, Here’s, Georgian, Georgia, AFP, Russia, Europe, Ukraine, Soviet Union, European Union, Georgia’s, Didn’t Georgia, Anadolu, backsliding, George, Brussels, “ Georgia
Editor’s Note: This article was originally published by The Business of Fashion, an editorial partner of CNN Style. The design was upcycled from vintage Chanel scarves by stylist Logan Horne, whose brand, J. Logan Home, specializes in refashioning heritage luxury accessories. Fashion brands' legal claims are varied but ultimately boil down to concerns that third parties are free-riding on brands’ valuable IP in ways that could risk confusing consumers, eroding primary sales and tarnishing or diluting carefully cultivated marks. Some big brands, like Prada, Gucci and indeed Levi’s, have already dabbled with upcycling collections and programs of their own. These days, she says she’s having about a conversation a week with brands interested in exploring collaboration, but the industry moves slowly.
Persons: Travis Kelce, Logan Horne, Logan, Webster, They’ve, Chanel, Horne, , Susan Scafidi, J, Logan Home’s, Christian Vierig, Louis Vuitton, Levi’s, Jeremy Moeller, Irene Calboli, ” Chanel, des, Batsheva Hay, Monica Schipper, , Hay, upcycling, I’m, Prada, Gucci, Anna Foster, Gabriela Hearst Organizations: The, Fashion, CNN, NFL, Dua, Law, Paris Fashion, Business of, , Getty, Logan Home, Texas, M University, Fashion Trust, Business of Fashion, Industry Locations: New York, Texas, Beverly Hills , California, India, Europe
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