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London CNN —Soccer icon David Beckham exchanged beekeeping tips with King Charles, he said, when the pair met ahead of the former England captain being named ambassador for The King’s Foundation. Beckham met the King at Highgrove Gardens in the Cotswolds, England, where he also met students of the King’s Foundation, who practice skills such as woodworking and embroidery in specialized workshops on site. In his work with The King’s Foundation, Beckham will be hoping to spread awareness of the charity’s mission. The King’s Foundation was originally called The Prince’s Foundation, and came into existence after a number of Charles’ charitable projects merged into one group in 2018. Beckham visited students at the Snowdon School of Furniture, one of The King's Foundation's specialist workshops.
Persons: David Beckham, King Charles, Beckham, King, ” Beckham, Beckham ”, Charles ’, Courtney Louise, Michael Fawcett, Mahfouz Marei Mubarak bin Mahfouz, Charles, Prince, Wales Organizations: London CNN — Soccer, The King’s Foundation, King’s Foundation, CNN’s Royal, Foundation, Netflix, Snowdon School of Furniture, King's, British Empire, , London’s Metropolitan Police Locations: England, Highgrove, Cotswolds, British
And since last fall, she's been a participant in a Washington DC-area guaranteed basic income program. With her husband's SSDI disability benefit, the couple lives on a fixed income of under $2,000 each month, which is separate from their guaranteed basic income. Basic income has alleviated some of her financial anxiety, but she said "it's still not enough" to feel stable. The basic income program Kelly participates in is one of over 100 pilots across the US. Have you benefitted from a guaranteed basic income program?
Persons: , Deborah Ogarro Kelly, Kelly, she's, it's, GBI, hasn't, We've Organizations: Service, Washington DC, Business, SNAP, Economic Security, Community Foundation's Health Equity Fund, City, BI, Republican Locations: Washington, The City, City
Wealth Tax and the Next Great Migration
  + stars: | 2024-05-22 | by ( Robert Frank | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWealth Tax and the Next Great MigrationAs over a dozen states consider tax hikes on the wealthy, the debate over what happens when the ultra-wealthy decamp for more tax-friendly parts of the country is reaching a crescendo. CNBC Wealth Reporter Robert Frank speaks with Tax Foundation's Jared Walczak about the "millionaire tax flight" and Bess Freedman, CEO of Brown Harris Stevens about the implications for real estate and the broader economy.
Persons: Robert Frank, Jared Walczak, Bess Freedman, Brown Harris Stevens Organizations: Wealth, CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNile Rodgers and Nancy Hunt reveal why they co-founded the We Are Family FoundationThe 'We Are Family Foundation' recognizes, funds, and mentors youth leaders. Talking to CNBC's Tania Bryer the foundation's co-founders, Nile Rodgers and Nancy Hunt, reveal how the foundation came about.
Persons: Rodgers, Nancy Hunt, CNBC's Tania Bryer, Nile Rodgers
Read previewIn January 2025, Donald Trump may be sworn into office as the 47th President of the United States. Another Trump term, on the other hand, would likely entail a radical reversal from not just the previous four years, but even from Trump's first term in office. While not exhaustive, here's just some of what to expect in a second Trump administration. Miller told The New York Times that a second Trump administration would build "vast holding facilities that would function as staging centers" on "open land in Texas near the border." According to Bloomberg, Trump wants to extend those cuts in a second term.
Persons: , Donald Trump, Joe Biden, Biden, Trump, Trump's, That's, mifepristone, Stephen Miller, Miller, Alex Wong, Nixon, shouldn't, he's, Israel, there's Organizations: Service, Business, Trump, The New York Times, Heritage Foundation's, Senate, Federal Communications Commission, Federal Trade Commission, Federal Reserve, Congress, TIME, Republican, National Guard, United, Department of Justice, Capitol Police, Atlantic Treaty Organization, State Department, Pentagon, Bloomberg, American, Security, Social Security, CNBC Locations: United States, Texas, CPAC, China, Ukraine, Gaza, Israel, Europe, Washington ,
The TCJA reduced federal income tax rates across the board, with the top rate falling to 37% from 39.6%. That would return the federal income tax rates to 10%, 15%, 25%, 28%, 33%, 35% and 39.6%. In the meantime, some higher earners have been leveraging lower income tax rates through 2025 by incurring income now, experts say. The standard deduction could fallWhen filing taxes, you claim the standard deduction or itemized deductions, whichever is greater. Before 2018, about 70% of taxpayers claimed the standard deduction, compared with 90% in tax year 2020, according to the Tax Policy Center.
Persons: Donald Trump, Michael M, Erica York, Roth, it's, Gleckman, Robert Dietz Organizations: Santiago, Getty, Tax, Center, Federal Tax, Senate, Bernstein Private Wealth Management, CNBC Locations: Wildwood Beach, Wildwood , New Jersey, California , New Jersey, New York, Minneapolis
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorgan Stanley discloses $270 million investment in Grayscale Bitcoin ETF: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's episode, Tiago Sada, head of product, engineering, and design at Worldcoin parent company Tools for Humanity, discusses the foundation's new data protection system.
Persons: Morgan Stanley, explainers, Tiago Sada Organizations: CNBC Crypto, CNBC, Humanity
The next U.S. president will face trillions in expiring tax breaks. While President Joe Biden and former President Donald Trump have shared early proposals, the federal budget deficit could complicate plans, experts say. Many TCJA tax breaks are temporary and slated to sunset after 2025 unless Congress passes legislation to extend them. "It's a massive tax cliff," said Erica York, senior economist and research manager with the Tax Foundation's Center for Federal Tax Policy. Here's why prices still aren't going downHowever, the federal budget deficit will be a "huge sticking point" amid tax negotiations, York said.
Persons: Joe Biden, Donald Trump, Erica York, Biden, York, Howard Gleckman Organizations: Trump, Tax, Center, Federal Tax, Finance, Congressional, Urban, Brookings Tax Locations: Washington
Elon Musk once championed encrypted messaging app Signal, promoting its user privacy protections. Signal has been sharply criticized recently by a conservative activist and a rival app, Telegram. AdvertisementThe encryption wars brewing between the messaging apps Telegram and Signal have attracted the commentary of a high-profile critic: Elon Musk. In response to Rufo's post, Musk wrote cryptically, "There are known vulnerabilities with Signal that are not being addressed. Green, as well as Musk, Signal, and Telegram representatives, did not immediately respond to requests for comment from Business Insider.
Persons: Elon Musk, Musk, , Elon, Pavel Durov, Durov, Tucker Carlson, Vladimir Putin, Jeff Bezos, Christopher Rufo —, Katherine Maher, Rufo, Maher, Edward Snowden, Meredith Whittaker, Whittaker, haven’t, IbXREWVaPL — Meredith Whittaker, @mer__edith, Jack Dorsey, — Elon, Johns Hopkins, Matthew Green, Green Organizations: Service, Fox News, NSA, Amazon, Elon, Telegram, Business Locations: Moscow
The contributors listed on the tax return include billionaire Republican megadonor Jeff Yass, who Accuracy in Media said gave it $1 million. The family foundation of shipping supply magnate Richard Uihlein is also identified on the tax return, which says the Ed Uihlein Family Foundation gave $10,000. According to its tax return, Accuracy in Media said it received $15,000 from the Coors brewing family's charitable foundation. But AIM president Adam Guillette told CNBC Yass had been misidentified, and he did not give to the organization. Nonprofit groups are not required to release their donors' names publicly, but they are required to report to the IRS the names of donors who gave $5,000 or more.
Persons: Claudine Gay, Pat Greenhouse, Jeff Yass, Richard Uihlein, Ed Uihlein, Milstein, Adam Milstein, Adolph Coors, Peter H, Janine, John Harvard, Joseph Prezioso, Adam Guillette, Guillette, Phil Headley, Uihlein, Israel, Ben Curtis Organizations: Harvard, Harvard University, Boston Globe, CNBC, Media, Foundation, Milstein Family Foundation, Internal Revenue, Coors, Adolph Coors Foundation, Molson Coors, Susquehanna International Group, Pro, Harvard University in, Afp, Getty, IRS, CNBC Yass, JBS, Company, AIM, Nonprofit, Independent Women's, South, IWF, Amazon, Project Veritas, Harvard College Locations: Yass, Uihlein, Harvard University in Cambridge , Massachusetts, South Carolina, Israel, Gaza, Harvard University in Cambridge
Melinda Gates, co-founder of the Bill and Melinda Gates foundation arrives at the Elysee Palace in Paris, France on July 01, 2021. Melinda French Gates, the former wife of Microsoft co-founder Bill Gates, announced on Monday she would resign as co-chair of the Bill & Melinda Gates Foundation next month. Bill Gates in a separate statement said, "I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work." French Gates has also devoted significant amounts of time and money towards gender equality initiatives worldwide. In 2015, she founded Pivotal Ventures, a separate entity from the Gates Foundation, which focused on removing barriers to access and opportunity for minorities and women in the U.S.
Persons: Melinda Gates, Melinda French Gates, Bill Gates, French Gates, Gates, Melinda Organizations: Microsoft, Melinda Gates Foundation, Ventures, Gates Foundation Locations: Paris, France, French, Africa, South Asia, U.S
Artist Ya La'ford in front of one of her artworks. Ya La'fordAbstract artist Ya La'ford is in demand. Her commissions — including sculpture, installations and gallery exhibitions — mean she is fully booked for the next four years. "American Roots" (2021), an installation at The John and Mable Ringling Museum of Art in Sarasota, Florida, by Ya La'ford. The work was defaced in 2012 and restored in 2014, and Ya La'ford said it is one of her favorite artworks.
Persons: Ya, Ya La'ford, La'ford, She's, Janet Jackson, John, Maya Angelou, Maya, Melinda Gates, Mark Rothko's, London's, Rob Stothard Organizations: Nike, McLaren Racing, Orlando Magic, CNBC, NFL, Ringling Museum of Art, Fine Arts, Art Institute of Boston, University of Florida's Levin College of Law, Orlando Museum of Art . Orlando Museum of Art, U.S, Tampa Museum of Fine Arts, Asia, London's Tate, Getty Locations: St . Petersburg , Florida, Sarasota , Florida, Houston, China, Palenque , Colombia, St . Petersburg, Ogden , Utah, Jacksonville , Florida, Bronx , New York
To millions, it appeared to be the reality for Princess Diana, Kate Middleton, and Meghan Markle. By making the fairy tale feel real, the royal family appears far more accessible — and the British tabloids are more than happy to help. David Levenson/Getty ImagesMeghan and Harry's royal tour of Australia 35 years later stirred up those same bitter feelings among the royal family, the prince recalled in "Harry & Meghan." Princess Diana. More often than not, the princesses marrying into the royal family earn the public's loyalty and love, not those born into the monarchy.
Persons: Princess Diana, Kate Middleton, Meghan Markle, Diana, Kate, Meghan —, , Prince Charles, Tim Graham, Prince William, Chris Jackson, Harry, Karwai Tang, Kristen Meinzer, Kate —, William —, Meghan, Prince Harry, she's, Charles, William, Sir John Major, Maria Tatar, They're, it's, hasn't, Prince George, ANDREW COWIE, Omid Scobie, Pippa Middleton, Niki Nikolova, Meghan's upbringings, Pippa, Meinzer, Tatar, Duchess of Sussex, Duke of Sussex, Duke, Duchess, Sussex, Camilla, Catherine, William's, Kate wasn't, Martin Bashir, Diana Princess of Wales, Benny Ong, David Levenson, Getty, I've, Oprah Winfrey, Joe Pugliese, Harpo, Snow White, Edwin Hayward, Andrew Morton, Robert Hardman, Tim Graham Photo, Piers Morgan, Morgan, Max Mumby, they'd, It's Organizations: Getty, British, Mail, Kanye, Netflix, UNITED, Joff, BBC, Royal Tour of Australia, Tim Graham Photo Library, BBC Studios Locations: British, UNITED KINGDOM, Peacehaven , Sussex, Peacehaven, United Kingdom, Windsor, The, Australia, Alice Springs
Read previewA Massachusetts city is giving low-income families $750 a month, no strings attached. The guaranteed basic income program will focus on residents who are in danger of losing their homes. The Somerville GBI Pilot will serve about 200 low-income families currently experiencing housing insecurity. Related stories"My life was always just a couple hundred dollars short," a participant in San Antonio's income program told BI. St. Louis, Missouri recently distributed $500 monthly payments to low-income families, and Flint, Michigan is offering funds to new mothers.
Persons: , Boston —, Somerville, Katjana Ballantyne, Ballantyne, Joe Biden's, hasn't, John Gillette Organizations: Service, Somerville, Business, Greater Boston Area, Boston, ARPA, The University of Massachusetts, Republican Locations: Massachusetts, , Boston, San Antonio, Austin, Minneapolis, Durham , North Carolina, Denver, Antonio's, City, Somerville, Greater Boston, Arizona , South Dakota , Iowa, Texas, Arizona, Louis , Missouri, Flint , Michigan, Atlanta
Other Republicans in the House and Senate often simply shrug when asked about Trump’s agenda, pointing to policies they like and others they might support. Trump himself has suggested having a “very tiny little desk” on the Capitol steps so he can sign documents on Inauguration Day, Jan. 20, 2025. “On Day 1 of President Trump’s new administration, Americans will have a strong leader," said Karoline Leavitt, the campaign’s national press secretary. Republicans and Democrats resisted a White House effort to commandeer funds for a U.S.-Mexico border wall, leading to the longest government shutdown in history. Republican Sen. John McCain of Arizona, who died in 2018, famously gave a thumbs-down to Trump's effort to repeal the health law known as the Affordable Care Act.
Persons: Donald Trump, “ We’re, , Republican Sen, JD Vance, Ohio, Trump, Joe Biden, Mitch McConnell of, Mike Johnson, Vance, wasn't, Marjorie Taylor Greene, Greene, Trump . Greene, Johnson, it’s, Paul Dans, , Trump’s, Karoline Leavitt, John McCain of, Biden, Sen, Mitt Romney, Jason Chaffetz, GOP Sen, Josh Hawley, ” Hawley, Ted Cruz, Cruz, Eisenhower, Marco Rubio, Rubio, they’re, Vanessa Cardenas, Jill Colvin Organizations: WASHINGTON, Capitol, Republicans, Trump, Republican, Democratic, Republican Party, GOP, Trump’s, Biden, Trump ., Senate, Trump White House, Heritage Foundation's, Democrats, Affordable, Republican National Committee, Justice Department, America’s, Press Locations: Mitch McConnell of Kentucky, Marjorie Taylor Greene of Georgia, Washington, U.S, Mexico, John McCain of Arizona, Utah, Josh Hawley of Missouri, Texas, New York
Here's what Trump's proposed tariffs could mean for your wallet
  + stars: | 2024-03-13 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +1 min
As President Joe Biden and former President Donald Trump secure enough delegates to clinch their party nominations, policy experts are weighing how proposed tariffs could affect American consumers. While the Trump campaign hasn't released many tax policy specifics, he has renewed his support for tariffs, which are taxes levied on imported goods from another country. "I'm a big believer in tariffs," Trump said Monday on CNBC's "Squawk Box," suggesting that he's likely to reinstitute duties if elected for a second term. The Biden administration has maintained some of those tariffs. "Here's an area where the candidates are actually pretty similar — first what Trump imposed and then what Biden maintained," said Erica York, a senior economist and research manager with the Tax Foundation's Center for Federal Tax Policy.
Persons: Joe Biden, Donald Trump, hasn't, Trump, dysmorphia, Biden, Erica York Organizations: White, Washington , D.C, Trump, Finance, European Union, Tax, Center, Federal Tax Locations: Washington ,, China, Mexico
The National Sleep Foundation's annual Sleep Awareness Week, which runs March 10 to March 16 this year, brings with it a wealth of sales on everything from mattresses to fun sleep accessories. Below, we've added links to some of today's best sales and compiled 14 of the best sleep-related products currently on sale. From our best overall mattress recommendation to a few minor accessories, there's something for everyone this Sleep Awareness Week. Leesa Sapira Hybrid Mattress (Queen) $1,599.00 $1,999.00 Save 20% The Leesa Sapira Hybrid Mattress has great edge support and motion isolation. Shop at LeesaBusiness Insider's best overall mattress of 2024 is now on sale for 20% off.
Persons: you've, you'll, Pillow, VAVA, Duffield, Luna, Anker, that's Organizations: Business, King, Cal, Bluetooth, Casper Locations: Brooklinen
Elon Musk's charity platform, the Musk Foundation, has come under some scrutiny from The New York Times. Set up in 2002, the foundation's website has a very plain looking design that is devoid of graphics. In 2002, the billionaire started his charity platform, the Musk Foundation, with his brother, Kimbal. But its website appears to be fairly sparse for an organization endowed with billions of dollars from Musk's fortune. This story is available exclusively to Business Insider subscribers.
Persons: Elon, , Kimbal, Musk Organizations: Musk Foundation, New York Times, The Times, Service, Business
He's launched a new company, Foundation Health, to help them do that quickly and at a low cost. Foundation aims to make it easy for insurers to set up their own online pharmacies and pharma companies to sell drugs directly to consumers. "The main focus area for us is to help health plans disintermediate PBMs," Afridi said. Foundation Health wants to help customers ditch big PBMsFoundation's software enables a few different things. Finally, direct-to-consumer health companies can plug into Foundation's technology to power their services, instead of building their own pharmacies and hiring doctors.
Persons: Umar Afridi, disruptors, Afridi, He's, disintermediate, Garry Tan, Y, they've, pocketing, Eli Lilly's, Jack Altman Organizations: California, Cuban, Plus, Business, Foundation Health, Foundation, pharma, Alt, Liquid Ventures, Exceptional, Storm Ventures, PageOne Ventures, Federal Trade Commission Locations: drugmakers
Taking a deep dive into the Musk Foundation's shortfalls
  + stars: | 2024-03-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTaking a deep dive into the Musk Foundation's shortfallsDavid Fahrenthold, NYT reporter, joins 'Power Lunch' to discuss Elon Musk's donations to his charity.
Persons: David Fahrenthold, Elon
But Howard Buffett, the elder son of Warren, the billionaire investor and Berkshire Hathaway CEO, has no intention of foresaking Ukraine or its President Volodymyr Zelenskyy. And it's going to be one of the biggest mistakes that the United States makes historically if we don't continue to support Ukraine. The UK has contributed $620 million and the Netherlands has provided $780 million, per the Kiel Institute's Ukraine Support tracker. But Howard Buffett has lent his voice to political advocacy, speaking out to support Ukraine and advocating for increased international support and military aid to the war-torn country. Howard Buffett in Ukraine.
Persons: , Russia's, Howard Buffett, Warren, Volodymyr Zelenskyy, Buffett, Buffett's Howard G, He's, he's, Warren Buffett's, Warren Buffett, Ukraine's, Zelenskyy, it's, Howard Buffet, Paula Bronstein, Buffett's, Putin, Howard G, Oleksandr Prokudin, Buffett Foundation Howard Buffett, Theron Mohamed Organizations: Service, Republican Party, Business, Berkshire Hathaway, Buffett Foundation, AP, NATO, Kherson, Zelenskyy Locations: Ukraine, Russia, Avdiivka, United States, Zelenskyy, Kyiv, Netherlands, Kiel, America, Zolota Nyva, Donetsk district, Europe, Kherson, Macon County , Illinois
The sudden death of Russian President Vladimir Putin's most formidable antagonist has left an open wound in Russia's political opposition. Navalny also was the first opposition leader in Russia to receive a lengthy prison sentence in recent years. In the three years since Navalny lost his freedom, multiple prominent dissidents were imprisoned, while others fled Russia under pressure. MIKHAIL KHODORKOVSKYMikhail Khodorkovsky, 60, is a former tycoon turned Russian opposition figure in exile. Kara-Murza was an associate of Russian opposition leader Boris Nemtsov, another fierce Putin critic who was assassinated near the Kremlin in 2015.
Persons: Vladimir Putin's, Alexei Navalny, Navalny, Leonid Volkov, Maria Pevchikh, Ivan Zhdanov, Kira Yarmysh —, “ Alexei, ” Volkov, MIKHAIL KHODORKOVSKY Mikhail Khodorkovsky, Khodorkovsky, Putin, Andrei Pivovarov, Garry Kasparov, Dmitry Gudkov, VLADIMIR KARA, MURZA, Vladimir Kara, Murza, Boris Nemtsov, Kara, Nemtsov, Sergei Magnitsky, Yevgenia, ILYA YASHIN Ilya Yashin, Navalny's, Yashin's, Yashin, ” Yashin Organizations: YouTube, Putin, TEAM, Corruption Foundation, Olympics, Kremlin, Putin's Russia —, U.S, Associated Press Locations: Russia, Ukraine, Germany, Black, Sochi, London, Putin's Russia, Washington, Moscow
These bands of snow just completely have missed Hayward," Shawn Connelly, the Birkebeiner Ski Foundation's marketing and communications director, said. The climate crisis is altering our winters forever — making them warmer, shorter, and less predictable. "I could not have envisioned a scenario where we could not make snow or we had no snow in January. Peter McClellandWith warmer weather eating into the peak of the season, it's getting harder and harder to sustain a winter-based business. If we get low snow, we're going to find that snow and use it as best we can to get out there."
Persons: Jocie Nelson, Nelson, Hayward, Shawn Connelly, Alexander Gottlieb, Justin Mankin, Snowpack, Gottlieb, we're, Claire Wilson, couldn't, Wilson, It's, Peter McClelland, McClelland, we've, Glenn Albrecht, , Alexander Lee, it's, Kate Nordstrum, Nordstrum, Connelly, Alexandria Herr Organizations: Office, Northern, Nelson, Loppet Foundation, Alaska Pacific University, Loppet Locations: Minnesota, Hayward , Wisconsin, Midwest, Minneapolis, Minnesota's, Southwest, New York City, Great, Alexandria, Brooklyn
NEW YORK (AP) — Two freelance journalists with projects focused on Black nationalism and the aftermath of the Uvalde school shooting have won the American Mosaic Journalism Prize, which honors work about underrepresented groups in the United States. The journalists, Dara T. Mathis and Tamir Kalifa, were each awarded $100,000 from the Heising-Simons Foundation. That's believed to be the largest prize in dollar value given to journalists in the United States. “As a Black writer, I am keenly aware of how the stories of marginalized people are excluded from the archive,” Mathis said. “My work as a journalist seeks to connect silenced histories to our present day.”Photojournalist Tamir Kalifa won for his work on the aftermath of the 2022 mass shooting at the Robb elementary school in Uvalde, Texas.
Persons: Dara T, Mathis, Tamir Kalifa, That's, ” Mathis, , Robb, Kalifa, he's Organizations: Mosaic Journalism, Simons Foundation, Black Liberation Locations: United States, The Maryland, Uvalde , Texas, Austin, Israel
What happens when a homeowner can't get insuranceDarlene Tucker and Tom PinterWithout insurance, many homeowners can find themselves in big financial trouble. Darlene Tucker, 66, and Tom Pinter, 68, are longtime homeowners in Sonora, California. Darlene Tucker and Tom Pinter's home in Sonora, California. Dogs play at Darlene Tucker and Tom Pinter's home in Sonora, California. Darlene Tucker and Tom Pinter
Persons: Darlene Tucker, Tom Pinter, Tucker, Pinter, Tom Pinter's, — that's, Porter, That's, Kevelighan Organizations: Allstate, CNBC, Insurance, homebuyers Experts, Insurance Information Institute Locations: Sonora , California, California
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