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☆ Jeff Bezos, Doja Cat and Pamela Anderson Pregame the Met Gala
▼ + stars: | 2024-05-06 | by ( Callie Holtermann | ) www.nytimes.com time to read: +1 min

On Sunday evening, the rapper Doja Cat swept into an upscale French restaurant in SoHo carrying a disposable Starbucks cup. She stashed it at the bar, and then made her way to the rear of the room to kiss the actress Pamela Anderson on one makeup-free cheek. Ms. Anderson was hosting a party with the label Monse as a kind of amuse-bouche for the Met Gala the next night. “I’m going to be walking all of those scary feelings out,” she said. Guests sipping Sancerre traded thoughts on increasingly elaborate gala prep routines.

Persons: Pamela Anderson, Anderson, Ms, “ I’m, ”, radishes, sipping Sancerre Locations: SoHo, La

☆ What the Fed’s Moves Mean for Mortgages, Credit Cards and More
▼ + stars: | 2024-05-01 | by ( Tara Siegel Bernard | More About Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

American households who have been hoping interest rates would soon decline may have to wait a bit longer. The Federal Reserve is expected to keep its benchmark interest rate unchanged on Wednesday. But yet another report of persistent inflation may ultimately cause the policy-making body to keep rates elevated for longer than it had previously expected. For people with money stashed away in higher-yielding savings accounts, a continuation of elevated rates translates into more interest earnings. But for people saddled with high cost credit card debt, or aspiring homeowners who have been sidelined by higher interest rates, a lower-rate environment can’t come soon enough.

Persons: they’ve Organizations: Federal

☆ Cyberattack on UnitedHealth firm forces doctors to dig into personal savings to stay afloat
▼ + stars: | 2024-04-30 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +19 min

Change Healthcare offers payment and revenue cycle management tools, and other solutions such as electronic prescription software. On Feb. 21, UnitedHealth Group , which owns Change Healthcare, discovered that hackers compromised part of the unit's information technology systems. UnitedHealth told CNBC earlier this month that there is "no evidence of any new cyber incident at Change Healthcare." It's just one of the ways Change Healthcare touches cash flow within the health-care sector. A controversial mergerSheldon Cooper | Sopa Images | Lightrocket | Getty ImagesUnitedHealth's ownership of Change Healthcare has raised eyebrows from the outset.

Persons: Omar Marques, Dr, Angeli Maun Akey, Akey, she's, UnitedHealth, I've, Andrew, Mike Bradley, Barbara McAneny, McAneny, Sarah Carlson, Carlson, Sheldon Cooper, Optum, Michael Nagle, Tyler Kisling, Kisling, he's, There's, it's, Purvi, Parikh hadn't, they've, Amit Phull, Phull, Igor Golovniov Organizations: Lightrocket, CNBC, Healthcare, UnitedHealth, U.S . Securities, Exchange Commission, Change, Inc, Bloomberg, Getty, U.S, American Medical Association, AMA, U.S . Department of Justice, DOJ, U.S . Department of Health, Human Services, Wall Street, New York Stock Exchange, Change Healthcare Locations: Gainesville , Florida, U.S, Minnetonka , Minnesota, UnitedHealth's, New Mexico, Boulder , Colorado, California, New York City, UnitedHealth

☆ NASA is asking for help to retrieve Mars samples that could be the first evidence of alien life
▼ + stars: | 2024-04-15 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

NASA's Perseverance Mars rover is collecting samples that could be evidence of ancient alien life. But NASA's Mars Sample Return mission to bring them to Earth will now cost $11 billion and take two decades. NASA/JPL-Caltech/ASUNASA's original proposal for the Mars Sample Return is "mind-bendingly complicated," David Parker, director of space exploration at the European Space Agency, said in 2021. AdvertisementAn illustration shows a concept of how NASA's Mars Sample Return mission would launch Perseverance's samples from the surface of Mars. At the current price tag, Mars Sample Return would "cannibalize" other NASA missions, Nelson said.

Persons: —, Nicola Fox, We're, David Parker, Bill Nelson, Nelson, Fox, Lockheed Martin, Northrop, We've, that's Organizations: NASA, Service, Mars Express, ESA, JPL, Caltech, ASU, European Space Agency, Lockheed, Northrop Grumman, Boeing, SpaceX Locations: Berlin, Mars

☆ A millennial who achieved financial independence years ago through 'extreme' saving opens up about what he would do differently — and explains how millennials are hitting financial freedom without a '
▼ + stars: | 2024-04-14 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

"On the road to financial independence, I was trying to save and invest as much as I could as early as I could," he told Business Insider. Related stories"A vast majority of the people that are pursuing FIRE or financial independence have a much more measured approach to the pursuit and are doing it on their own terms," he said. How to hit financial independence without a 'sacrifice mentality'A common misconception about the Financial Independence, Retire Early (FIRE) movement is that it requires immense sacrifice. "Younger people are now much more focused on the freedom component and being able to get freedom now while simultaneously pursuing financial independence." As opposed to aggressively saving 80% of their income and waiting 10 years to reach financial independence.

Persons: —, Grant Sabatier, he'd, he's, He's, there's, it's, Sabatier, Lauren, Steven Keys, Steven, you'll, We're Organizations: Service, Business, Financial Independence

☆ Stacks of Cash at Menendez Home Were Not From His Bank, Prosecutors Say
▼ + stars: | 2024-04-13 | by ( Tracey Tully | Benjamin Weiser | ) www.nytimes.com time to read: 1 min

When Senator Robert Menendez was charged last year with corruption after investigators found $486,000 in cash stashed around his house in New Jersey, he offered a simple, “old-fashioned” explanation: It had been his custom to withdraw cash from a personal savings account to keep at home, a habit he learned from his Cuban immigrant parents. But federal prosecutors, in papers filed late Friday, presented fresh details that they suggested undercut Mr. Menendez’s claim. Some of the cash was wrapped in bands showing it had been withdrawn, at least $10,000 at a time, from a bank where Mr. Menendez and his wife “had no known depository account.” This, prosecutors said, indicated “that the money had been provided to them by another person.”

Persons: Robert Menendez, Menendez’s, Menendez, “, ” Locations: New Jersey

☆ This is 'the first step to building wealth,' says financial planner—and you can start today
▼ + stars: | 2024-04-10 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

Here are three of those habits you can start right away that can put you on a path toward building wealth. You don't need to track every single dollar you spend or make major cuts to your discretionary spending to get started. Nevertheless, to make your money work for you, you need a basic understanding of what you're spending it on. "Start small [by] tracking just a few key areas: food, entertainment, gas, and clothes." To prepare for unexpected expenses big and small, start setting aside emergency savings.

Persons: Chelsea Ransom, Cooper, Billy Hatton, Nathan Mueller, —, Will Kellar Organizations: Zenith Wealth Partners, CNBC, Human Investing Locations: New Jersey, Los Angeles, Colorado

☆ Why Retirement Feels so Scary for Millennials and Gen Z
▼ + stars: | 2024-04-09 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

Then you get to collect Social Security, on top of drawing from the nest egg you've built up over your career. In a recent CNBC survey, over half of respondents in the US said they thought they were behind on saving and planning for retirement. The burden of saving for retirement — and the anxiety that comes with it — is a fairly new phenomenon. There's nothing irrational about being nervous that you won't have enough money to live on to last your whole life. AdvertisementIt's not likely that Social Security will just dry up — Congress could increase the retirement age or up the funding for the program.

Persons: they'll, Teresa Ghilarducci, —, they'd, Larry Fink, there's, Fink, It's, they're, Norman Stein, Drexel University's Thomas R, Chris Woods, They're, Stein, Riley Moynes, it's, Woods, Emily Stewart Organizations: Social, CNBC, The New School, Workers, BlackRock, Drexel, Kline School of Law, Silvis, Social Security, GOP, Security, Business Locations: America, New, Charlotte , North Carolina

☆ How America's Retirement System Turned Into a Stressful Nightmare
▼ + stars: | 2024-04-09 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

Then you get to collect Social Security, on top of drawing from the nest egg you've built up over your career. The burden of saving for retirement — and the anxiety that comes with it — is a fairly new phenomenon. There's nothing irrational about being nervous that you won't have enough money to live on to last your whole life. The new system also allows people to dip into their retirement piles if need be — which can be both a blessing and a curse. AdvertisementIt's not likely that Social Security will just dry up — Congress could increase the retirement age or up the funding for the program.

☆ How much money Americans in their 20s saved in 2023—and how to save more
▼ + stars: | 2024-04-02 | by ( Annie Probert | ) www.cnbc.com time to read: +1 min

From a busy social life to beginning to pay off student loans, your 20s can be a hard time to save for the future — especially with retirement decades away. "In your 20s, maybe you're just out of college, have some student loans, have your first job," says Nia Gillett, certified financial planner at Gen Y Planning, a firm that focuses on young professionals. "It can be easy to say, 'Oh, I finally have money,' and just start spending it." That's less than the average amount of $7,148 people in their 20s aimed to save, but how much should you really be saving? Social media in particular can make it hard for young people to save more, she adds.

Persons: Nia Gillett, Gillett Organizations: New York, Social Locations: New

☆ Wirecard tried to destroy its whistleblower. Now, he's founded a startup to protect others who speak out.
▼ + stars: | 2024-03-29 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +6 min

Read previewBeing a whistleblower was antithetical to everything Pav Gill had done during his nine-year stint as a corporate lawyer. When Wirecard headhunted the Singaporean native to be its head of legal, Gill took up the position enthusiastically. Despite the fruitful outcome, the experience of being a whistleblower traumatized Gill. AdvertisementThis realization was the driving force behind Gill setting up his startup — Confide — a platform for 'internal whistleblowers' to raise issues within their organizations. AdvertisementGill anticipates that this model will work best for companies with over 50 employees, and ideally above 250 employees.

Persons: —, Pav Gill, Gill, foraying, Wirecard, Gill's, don't, " Gill, they're Organizations: Service, Allen, Business, Financial, Directive, EU Locations: Wirecard, Asia, Singapore, ESG

Soon after leaving his job, Gallo took an acting class in New York City — which wasn't too far from his home in New Jersey — and fell in love with the craft. He decided he wanted to be an actor and moved to the Big Apple to chase his dreams. His car insurance is also fairly cheap because he's on his parents' plan and reimburses them for the cost. His only other insurance cost is renters insurance for his apartment, since he receives free health insurance through the state. "I am happier now than when I was working for the insurance company," he says.

Persons: Max Gallo, didn't, Gallo, Mickey Todiwala, he's, He's, it's, Sylvester Stallone, Stallone, —, hasn't, steadier Organizations: CNBC, New Jersey —, Apple, Screen, American Federation of Television, Radio Artists, SAG, BMW, Citi, Facebook, Netflix, LinkedIn, Spotify, Hulu, Adobe, Citi Bikes, Insurance, Honda, BMW Roadster, New York City Marathon Locations: New York, New Jersey, Brooklyn

While I had long believed in stashing cash in a pet emergency fund instead of paying for pet insurance, I was now sold. Pet insurance can pay for itselfAfter talking to a few fellow pet parents, I decided to get Embrace pet insurance. Now that I have pet insurance, I don't have to choose the cheapest pet insurance option because it's most affordable. I also have a pet emergency fundAs I said, before the constipation incident with my cat, I wasn't really keen on getting pet insurance. That's because pet insurance works a little differently than health insurance for humans.

Persons: —, It's Organizations: Service, Business, American Pet Health Insurance Association

☆ Biden team brings in $10 million in the 24 hours after the State of the Union
▼ + stars: | 2024-03-10 | by ( Kristen Welker | Scott Bland | ) www.cnbc.com time to read: +3 min

The sum, which was shared first with NBC News, is a record for Biden's re-election effort, the campaign said. The money flowed in via approximately 116,000 donations from 113,000 contributors, a senior Biden campaign adviser said. Biden's campaign proper had $56 million in the bank at the end of January, the most recent period covered by public campaign finance filings, while the DNC had $24 million. Biden's campaign said its $10 million post-State of the Union total came amid other highs in the past week. "We thank our grassroots supporters who are motivated more than ever to reelect President Biden and Vice President Harris.

Persons: Joe Biden, Joe Biden's, Donald Trump, Biden, Trump, that's, Julie Chavez Rodriguez, Harris, Chavez Rodriguez Organizations: Chamber, U.S, Capitol, Washington , D.C, NBC News, Biden's, Democratic National Committee, Biden, Trump, Republican National Committee Locations: Washington ,, President's

☆ Gabriel García Márquez Wanted to Destroy His Last Novel. It’s About to Be Published.
▼ + stars: | 2024-03-06 | by ( Alexandra Alter | ) www.nytimes.com time to read: +1 min

Toward the end of his life, when his memory was in pieces, Gabriel García Márquez struggled to finish a novel about the secret sex life of a married middle-age woman. “He told me directly that the novel had to be destroyed,” said Gonzalo García Barcha, the author’s younger son. When García Márquez died in 2014, multiple drafts, notes and chapter fragments of the novel were stashed away in his archives at the Harry Ransom Center at the University of Texas at Austin. The story remained there, spread over 769 pages, largely unread and forgotten — until García Márquez’s sons decided to defy their father’s wishes. Now, a decade after his death, his last novel, titled “Until August,” will be published this month, with a global release in nearly 30 countries.

Persons: Gabriel García Márquez, “, ”, Gonzalo García Barcha, García Márquez, Harry Ransom, García Márquez’s, Ana Magdalena Bach Organizations: Harry, University of Texas Locations: Austin, Caribbean

☆ This financial move should be a 'last resort,' says CFP—but 1 in 5 workers has done it
▼ + stars: | 2024-03-04 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

In fact, about 1 in 5 workers have borrowed or withdrawn money from retirement accounts, according to a recent survey from SoFi. In a narrow set of circumstances, it can be a smart financial move, says Jared Friedman, a certified financial planner and partner at Redwood Financial Planning in Scotch Plains, New Jersey. How 401(k) loans workThe specifics of a 401(k) loan will vary from employer to employer, but here's how they generally work. Like most loans, you'll be charged a rate of interest. And while money in your 401(k) is put in pre-tax, the money you pay back is in post-tax dollars.

Persons: doesn't, Anne Lester, Jared Friedman, Friedman, you'll, haven't Organizations: CNBC, Redwood Financial Locations: SoFi, Scotch Plains , New Jersey

☆ Consumers fended off a recession — but keep spending like there's no tomorrow
▼ + stars: | 2024-02-29 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Read previewAmerican consumers have staved off a recession by relentlessly spending despite soaring inflation, surging interest rates, multi-industry turmoil, and wider economic jitters. AdvertisementBurry predicted that dwindling savings and ballooning debts would choke consumer spending, eroding corporate earnings and sparking a wider recession. That's going to lead to a retrenchment in consumer spending as we get into the new year." That "brings us just a little closer to the consumer recession that nobody believes is going to happen," he added. "With those sources of funding largely exhausted, consumer spending will no doubt grow more slowly than after-tax incomes in future years."

Persons: —, Here's, Michael Burry, Elon, Elon Musk, Spencer Platt, Carl Weinberg, David Rosenberg, Merrill Lynch, Rosenberg, Gary Shilling, Merrill Lynch's, who's, Shilling Organizations: Service, Business, Twitter, Scion Asset Management, Elon Musk, Getty, Rosenberg Research, North Locations: North American

☆ Divisions Among Finance Ministers Flare Over Seizing Russian Assets
▼ + stars: | 2024-02-28 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

Divisions among the world’s top economic officials over how to use Russia’s central bank assets to support Ukraine spilled into public view on Wednesday when Bruno LeMaire, France’s finance minister, said that seizing the frozen assets would be a violation of international law. The comments, made on the sidelines of the gathering of finance ministers of the Group of 20 nations in Brazil, came a day after Treasury Secretary Janet L. Yellen said that seizing the assets was a possibility and suggested that there was a legal justification for doing so. Officials from the Group 7 advanced economies have been debating for months over whether they could legally seize more than $300 billion in Russian central bank assets stashed in Western nations and use those funds to aid Ukraine. Those discussions have taken on greater urgency amid waning political support in the United States and Europe to continue to provide Ukraine with economic and military support. Ms. Yellen, who initially had reservations about the viability of freezing or seizing Russia’s assets, offered her most explicit public support to date on Tuesday for the idea of unlocking “the value” of Russia’s immobilized assets.

Persons: Bruno LeMaire, Janet L, Yellen Locations: Ukraine, Brazil, Russian, United States, Europe

Sal Khan, 31, earns $220,000 a year and lives with his parents in Houston. "I do think my relationship now has been the best with my parents than it has been before," Khan tells CNBC Make It. But that won't be the end of his living arrangement with this parents: Khan hopes to move his parents to his new home, too. The bulk of his savings are earmarked for more down payments on properties, Khan says. Sal Khan hopes that sharing his story will dispel the stigma about living with parents as an adult.

Persons: Sal Khan, Khan, Erik Mauck, that's, it's, Khan's, Nina Nguyen, Krishnan, Khan didn't Organizations: CNBC, Ohio State University, Bay Area, Costco, Gas, Wealthfront Locations: Houston, Pakistan, U.S, Bay, Chicago, Texas, California, Arizona, Florida

☆ Russia’s Brutal War Calculus
▼ + stars: | 2024-02-24 | by ( Paul Sonne | Josh Holder | ) www.nytimes.com time to read: +7 min

Russia’s Brutal War Calculus Freedoms Wages The costs of two years of war in Ukraine have been enormous. Here is a look at how Russia at war has changed — suffering enormous costs by some metrics but faring better than expected by others. But Mr. Putin has convinced many that in invading Ukraine, Russia is defending itself against an existential threat from the West. Blood and TreasureIn the early months of the war, Mr. Putin’s military made grave mistakes, but it has regrouped. But despite their stated support for the war, many Russians would be happy for it to end.

Persons: languish, Instagram, Vladimir Putin, Putin, ”, “, Putin’s, Aleksei A, Navalny Organizations: Daily Life People, Facebook, Travel, Trade, Russia, Military Locations: Ukraine, Russia, China, Soviet Union, India, Moscow, Europe, Turkey, Ukrainian

In exchange for executing the deed, Trump "paid significantly lower property taxes on Mar-a-Lago," Engoron said. REUTERS/Marco BelloOn the witness stand in November, mid-way through his three-month civil fraud trial, Trump obsessed over the valuation of Mar-a-Lago. Under oath, Trump griped that Mar-a-Lago was worth at least $1 billion and called the judge a "fraud" for not agreeing to that valuation. Advertisement"The fraud is on the court when you rule that Mar-a-Lago is worth $18 million," Trump said on the witness stand in November. In the trial, Trump switched back to claiming Mar-a-Lago was worth much more.

Persons: Arthur Engoron, Donald Trump, Trump, Engoron, Donald Trump's, Marco Bello, Lago, I'm, Letitia James, James, Donald Trump , Jr, Eric Trump, Allen Weisselberg Organizations: Business, Mar, FBI, Republican, Trump Organization, Trump Locations: Manhattan, Beach , Florida, Lago, Beach, DC, Palm Beach

☆ I grew up poor and became unhoused as a teen. My upbringing is helping me be a better parent.
▼ + stars: | 2024-02-15 | by ( Ava Truckey | ) www.businessinsider.com time to read: +4 min

I grew up poor and became unhoused as a teen. I now live in a house with my partner and two children, so I sometimes get triggered by my past. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I grew up poor and later became an unhoused teen, but now I live in a house with my two kids and partner. I don't need to bully or shame my children into being gracious, well-informed individuals.

Persons: — Organizations: Service

☆ Did You Keep a Money Secret, and Have a Happy Outcome? Tell Us About It.
▼ + stars: | 2024-02-13 | by ( The New York Times | ) www.nytimes.com time to read: 1 min

Sometimes, though, there are good money secrets, some of which had positive outcomes — like a grandmother who silently stashed extra money in a retirement account that helped pay expenses in her later years. Or unmentioned savings that enabled someone to leave an inheritance that helped family members. We read all questionnaire submissions and may write stories inspired by them. We won’t publish anything from your submission without talking to you first. We won’t share your contact information outside the New York Times newsroom, and won’t use it for any purpose beyond reaching back out to you.

Organizations: New York Times

WASHINGTON (AP) — Special Counsel Robert Hur on Thursday released his long-awaited report on President Joe Biden's handling of classified documents, concluding that Biden had “willfully” retained and disclosed highly classified materials when he was a private citizen. The special counsel report will hardly be helpful to Biden on that count. Biden’s memory was significantly limited” in interviews with the special counsel office as well as with a ghostwriter that Biden worked with. In his interview with the special counsel’s office, Hur writes, Biden twice appeared confused about when his term as vice president ended. Still, Trump can now cite special counsel Robert Hur’s finding that Biden retained and disclosed highly classified materials.

Persons: Robert Hur, Joe Biden's, Biden, “, ”, Donald Trump's, Hur, stashed, Weeks, —, he's, Beau’s, ‘, General Karl Eikenberry, Eikenberry, Mr, approvingly, Obama, it's Trump, Trump, Robert Hur’s, Jason Miller, Jack Smith’s, Hillary Clinton’s, James Comey, Clinton, Thursday’s Organizations: WASHINGTON, Democratic, Trump, FBI, Biden, TRUMP, Republican, White, U.S . Capitol, State Department Locations: Afghanistan, Delaware, Lago, Florida, Washington

☆ ‘Perfect Days’ Review: Hanging On
▼ + stars: | 2024-02-07 | by ( Alissa Wilkinson | ) www.nytimes.com time to read: +1 min

Pay attention to the shadows in “Perfect Days.” Pay attention also to the trees, to the ways Hirayama (Koji Yakusho) looks at them. Hirayama cleans Tokyo’s public toilets for a living, rising before dawn to gently water the seedlings he grows in his home and then drive off to begin his shift. He keeps to a simple routine, the kind so carefully constructed you start to wonder if it’s a bulwark against chaos. They are anchors in time, companions throughout his days, riches rounding out his life. When he brings a book to the bar on the weekend, the proprietor tells him admiringly that he’s such an intellectual.

Persons: Koji Yakusho, Hirayama, Van Morrison, Nina Simone —, stashed, ”

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