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☆ S&P 500 to correct by 10% by end of September, so get defensive, Stifel says
▼ + stars: | 2024-06-04 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Investors should position themselves defensively as the S & P 500 could drop about 10% before the end of September, according to Stifel Financial. That would mark a more than 10% decline from where the S & P 500 finished Monday's trading session. The S & P 500 closed out 2023 at about 4,770. That can, in turn, push the S & P 500 price-to-earnings multiple down by about two points, weighing on the stock market. Discounted for inflation, the S & P 500 is slightly below where it was about two and a half years ago.

Persons: Barry Bannister, Bannister Organizations: Financial, Central, Federal Reserve, Federal

Shares of Logitech are up 2% on the year and could rally another 17%, if Scemama's target price holds true. Analyst Kristine Liwag accompanied the move by raising her price target to $225 from $178. The bank reiterated its overweight rating on the credit card stock but lifted its price target to $275 from $265. International revs should run above the 10%+," the analyst added. Goldman analyst Tina Hou set a 12-month price target of $34, while Bank of America analyst Ming Hsun Lee set a price objective of $35.

Persons: Bernstein, Goldman Sachs, Goldman, TZE, Brian Lee, Lee, — Spencer Kimball, Didier Scemama, Scemama, — Lisa Kailai Han, Morgan Stanley, Kristine Liwag, Heico's, Liwag, Stanley Black, Decker, Julian Mitchell, Mitchell, Wells, Wells Fargo, Donald Fandetti, Fandetti, Canaccord, Kingsley Crane, Crane, Oppenheimer, Jed, Kelly foresees, FanDuel —, Kelly, Zeekr, Tina Hou, Ming Hsun Lee, Hou, Stacy Rasgon, Rasgon, Fred Imbert Organizations: CNBC, Broadcom, Bank of America, Investors, Technologies, Department of Energy, Logitech, Boeing, Barclays, Stanley, Nvidia, American, Express, American Express, U.S . American Express, Wall, Zeekr, China EV, China, Geely Automobile, AMD Locations: Monday's, EU, U.S, China, BofA

☆ 'TikTok got me a job I love': How Gen Z and Millennials use the social media platform to launch careers
▼ + stars: | 2024-06-04 | by ( Morgan Smith | ) www.cnbc.com time to read: +8 min

In 2024, Gen Z workers are expected to outnumber baby boomers in the American labor force for the first time. CNBC Make It explores how Gen Zers are really putting their mark on career advice, office culture and more. Much of the advice is geared toward Gen Z and younger millennials figuring out their place in a chaotic post-pandemic work landscape. Much of the career advice on TikTok echoes the tips shared in podcasts, YouTube videos and LinkedIn thought pieces. It's just the aesthetics and format that are different — and more appealing — to Gen Z.

Persons: Jade Walters, TikTok, Gen, Zers, Baron Leung didn't, Leung, Weeks, Baron Leung, it's, jobseekers, Z, Joe Biden, It's, Walters, I've, Gen Z, Grace Dunlavy, Dunlavy, New York — Organizations: CNBC, LinkedIn, Zenith, Pew Research Center, Howard University, Saint Louis University Locations: Toronto, U.S, Chicago, New York

☆ Brace for a 10% slide in the S&P 500 as stagflation makes the Fed unlikely to cut rates, Stifel says
▼ + stars: | 2024-06-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The stock market is headed for a 10% decline over the next quarter, Stifel analysts warned. AdvertisementThe stock market is headed for a sell-off in the coming months that will see the S&P 500 drop 10%, according to Stifel strategists. When adjusted for inflation, the overall S&P 500 remains below its level at the end of 2021 — something that could be "emblematic of underlying problems" in the market, Stifel said. "We continue to forecast the S&P 500 corrects about -10% to ~4,750 before the end of 3Q 2024 from the recent peak," strategists said in a note on Tuesday. When the inflation-adjusted S&P 500 transitions out of a Secular Bull Market it historically enters a 'Secular Bear Market,' which is a much more treacherous period for investors."

Persons: —, Stifel, Stocks Organizations: Service, Federal Reserve, Secular

☆ See inside Ford's new tech campus, a century-old Detroit train station restored for $950 million
▼ + stars: | 2024-06-03 | by ( Michael Wayland | ) www.cnbc.com time to read: +8 min

The $950 million project encompasses the 18-story former train station called Michigan Central Station – once the state's marquee transit building – an adjacent 270,000-square-foot building and other, supporting facilities. The 30-acre "Michigan Central" campus and station was initially announced in 2018 and slated to open by 2022. Train station campusThe Michigan Central campus is located southwest of Detroit's main business district in a trendy neighborhood known as Corktown. The Michigan Central campus in total spans 1.2 million square feet of commercial space, including retail, restaurants and hospitality. The restored grand waiting room inside Ford's Michigan Central Station in Detroit.

Persons: Michael Wayland, Bill Ford Jr, Ford, Bill Ford, He's, Henry Ford, Ford Ford, Josh Sirefman, it's, It's Organizations: CNBC DETROIT, Michigan Central, Ford, CNBC, General Motors, Renaissance, eBay, Michigan Central Station, Detroit, Michigan, Central Station, CNBC Ford, Architects, Detroit Public, Depository, Google, Detroit Lions Locations: Motor, Michigan, Detroit, Silicon Valley, California, East, Detroit's, Dearborn , Michigan, Ford's, Mankato, Indiana, CNBC, Motor City, Pontiac, Rouge

☆ Power demand is expected to surge. Play it for the long term with these dividend-paying stocks, Wells Fargo says
▼ + stars: | 2024-06-03 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

A sector of the stock market beloved by income investors could ride the wave of rising energy consumption over the long run, according to Wells Fargo. After 15 years of relatively flat power demand, Wells Fargo sees a compound annual growth rate of 2.6% through 2030 and 80% growth by 2050. The development bodes well for a group of utilities – and Wells Fargo called out some of its overweight-rated plays on the power trend for the long run. Wells called out the 10-year site plan NextEra subsidiary Florida Power & Light submitted to the state's public service commission. The stock's price "[reflects] a level of optimism," Wells Fargo analysts said, but "we think there is a case for further outperformance."

Persons: Neil Kalton, Wells Fargo, Wells, Duke, NextEra, it's Organizations: Duke Energy, Carolinas, Florida Power, Constellation Energy, Constellation, Microsoft, NRG Energy Locations: Wells Fargo, U.S, South Carolina, North Carolina, Virginia, Wells

☆ Gen Z is finding career advice, dream jobs and even getting hired on TikTok: It's 'the most accessible resource'
▼ + stars: | 2024-05-31 | by ( ) www.cnbc.com time to read: +9 min

CNBC Make It explores how Gen Zers are really putting their mark on career advice, office culture and more. But it's also become a popular destination for young jobseekers seeking career advice and opportunities. Much of the career advice on TikTok echoes the tips shared in podcasts, YouTube videos and LinkedIn thought pieces. The career confidante for Gen ZTikTok is often the first place Grace Dunlavy will go for career advice. The drawbacks of getting career advice on TikTok

Persons: Jade Walters, Gen, Zers, Baron Leung didn't, Leung, Weeks, TikTok, Baron Leung, it's, jobseekers, Z, Joe Biden, It's, Walters, I've, Gen Z, Grace Dunlavy, Dunlavy, New York — Organizations: TikTok, CNBC, LinkedIn, Zenith, Pew Research Center, Howard University, Saint Louis University Locations: Toronto, U.S, Chicago, New York

☆ Singapore pushes for green data centers as growing AI demand strains energy resources
▼ + stars: | 2024-05-30 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

SINGAPORE — Singapore is pushing for green data centers as the explosive demand for artificial intelligence puts a strain on energy resources. The city-state launched a green data center roadmap on Thursday to support its ambitions for the digital economy as demand for AI and computing grows. The roadmap aims to provide at least 300 megawatts of additional capacity in the near term, with more through "green energy deployments." Plans to provide additional data center capacity include raising energy efficiency of all data centers in Singapore, deploying energy-efficient IT equipment as well as offering incentives or grants for resource efficiency. The AI boom has boosted demand for data centers which house large amounts of data required to train and deploy AI models, making them extremely energy intensive.

Persons: Janil Puthucheary, IMDA, Tony Blair Organizations: State for Communications, Media Development Authority, Tony Blair Institute for Global Locations: SINGAPORE — Singapore, Singapore

☆ Twitch terminates all members of its Safety Advisory Council
▼ + stars: | 2024-05-30 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

Twitch on Friday will terminate all members of its Safety Advisory Council, according to sources familiar with the situation and documents viewed by CNBC. The council is a resource of nine industry experts, streamers and moderators who consulted on trust and safety issues related to children on Twitch, nudity, banned users and more. The Amazon -owned game-streaming company formed its Safety Advisory Council in May 2020 to "enhance Twitch's approach to issues of trust and safety" on the platform and guide decisions, according to a company webpage. "Looking ahead, the Safety Advisory Council will primarily be made up of individuals who serve as Twitch Ambassadors," the email, viewed by CNBC, stated. Payment depended on the length of the contract, but council members were paid between $10,000 and $20,000 per 12-month period, according to a source familiar with the contracts.

Persons: Twitch, Sameer Hinduja, Emma Llansó, T.L, Taylor Organizations: Advisory, CNBC, Council, Twitch, Cyberbullying Research, Center for Democracy, SAC

☆ An intensifying Republican-led legal campaign alleging big advertisers colluded to defund conservative media is rankling the ad industry
▼ + stars: | 2024-05-29 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +8 min

The Judiciary Committee's probe has sought documents related to discussions about advertising on "The Joe Rogan Experience" podcast. GARM and its members developed a "brand safety floor and suitability framework" for the industry to adopt. Jordan and the House Judiciary Committee issued wide-ranging subpoenas to both GARM and the WFA last year as part of the probe. The CEOs were also told to preserve all existing and future records related to their companies' work with GARM. Advertisement"GARM's members and board members are senior advertisers," a marketing executive close to GARM said.

Persons: —, Jim Jordan, GARM, Sherman, Jordan, Ørsted, Joe Rogan, Elon, Vivian Zink, Ørsted didn't, Rob Rakowitz, Unilever —, Breitbart, Joe Rogan's, Ben Shapiro, Michael Brochstein, Jim Jordan's, Lou Paskalis, Ad Fontes Media's Paskalis, Paskalis Organizations: Service, Global Alliance, Responsible Media, Business, Spotify, Syfy, NBCU, Getty, World Federation, YouTube, WFA, Diageo, GroupM, Procter, Gamble, Unilever, Steer Team, Fox News, Daily, Republican, Federalist, US Department of State, Ad Fontes Media Locations: Ohio, GARM, Jordan, Texas

☆ Amazon is hunting for more brand collaborations with a slew of new exec appointments. Read the full memo.
▼ + stars: | 2024-05-29 | by ( Lucia Moses | ) www.businessinsider.com time to read: +7 min

Read previewFresh off bringing ads to Prime Video, Amazon is looking for more ways to get brands involved in its original TV shows and films. The company also made several other appointments to develop projects that are funded by or focused on brands and work on integrating ads into Prime Video entertainment. AdvertisementHer future role at Freevee had been the subject of internal speculation after Amazon added advertising to Prime Video. With this in mind, I am pleased to share that Lauren Anderson's remit is expanding to support those efforts for Amazon MGM Studios. Finally, Lauren will continue her oversight of Amazon MGM Studios 1P FAST Programming delivered to Prime Video and Freevee.

Persons: —, execs, Lauren Anderson, Anderson, Freevee, James Marsden, hasn't, Vernon Sanders, Lauren Anderson's, Lauren, Christel Miller, Jenny Falkoff, Alysia Russo, Benoit Landry, Benoit's, Justin Holt, Justin, Claudine Atout, Traci Blackwell, Kara Smith, Vernon Organizations: Service, Amazon MGM, Business, Prime, Amazon MGM Studios, Brands, Hulu, Marriott, MGM Studios, Studios, Amazon, Film, Ad, MGM, FAST

☆ GameChanger's AI tech is helping support youth sports and showcase more than 7 million games annually
▼ + stars: | 2024-05-29 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +5 min

This article is part of "CXO AI Playbook" — straight talk from business leaders on how they're testing and using AI. AdvertisementFor "CXO AI Playbook," Business Insider takes a look at mini case studies about AI adoption across industries, company sizes, and technology DNA. We've asked each of the featured companies to tell us about the problems they're trying to solve with AI, who's making these decisions internally, and their vision for using AI in the future. Users capture more than 7 million games annually through the smartphone app, with more than 750,000 teams using the platform each year. The company is also planning to expand its engineering and product teams to bolster its AI competency.

Persons: —, We've, GameChanger's livestreaming, Sameer Ahuja, GameChanger, Ahuja, What's, he's Organizations: Service, Dick's Sporting, Resource, for Child, Health, Little League, USA Baseball, Coaches Locations: New York City

☆ Want to Succeed as an Artist? Click Here.
▼ + stars: | 2024-05-28 | by ( Travis Diehl | ) www.nytimes.com time to read: +1 min

From 2005 to 2017, Paddy Johnson ran a respected art-world blog, Art F City. Gradually, Johnson shifted to providing career counseling to artists, and helping them workshop their statements of purpose and grant applications. Welcome to the vast, thorny wilderness of online artist mentoring. This is partly a symptom of Covid, which encouraged people to embrace video calls and group chats at the same time it intensified isolation. It also reflects the growing number of midcareer artists looking for peers beyond art schools, and yearning to profit from their talents.

Persons: Paddy Johnson, ”, Johnson Locations: F, “

☆ Take Down the Dams on Maine’s Kennebec River - The New York Times
▼ + stars: | 2024-05-28 | by ( John Waldman | ) www.nytimes.com time to read: +1 min

In his 1937 book, “Kennebec: Cradle of Americans,” the poet Robert Tristram Coffin called Maine’s sprawling river a “paradise for fish.” But pollution and dams that block spawning runs for Atlantic salmon, sturgeon and shad put an end to that world. The Kennebec River now runs mostly clean, thanks to laws that reduced pollution. The commission should order the removal of the dams. Dams are being removed from rivers across the country. Last year, 80 were demolished, reconnecting obstructed waterways with 1,160 upstream river miles.

Persons: Robert Tristram Coffin, Brookfield Organizations: Federal Energy Regulatory, Brookfield Renewable Locations: “ Kennebec, Kennebec, Sandy, Gulf of Maine

☆ Target slashed this year's Pride collection after last year's backlash, leaving some LGBTQ+ insiders feeling alienated
▼ + stars: | 2024-05-28 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +7 min

Read previewOn Tuesday, May 14th, members of Target's LGBTQ+ employee resource group logged on for a much-anticipated virtual meeting to preview the 2024 Pride collection, two council members told Business Insider. Target's online Pride collection on May 28. But late last May, conservative protesters took aim at Target's Pride collection, falsely claiming the merchandise was "Satanic" and sexualized minors. However, the two Pride Council members and multiple LGBTQ+ vendors who worked on past Pride collections told BI they feel the company hasn't done enough to rebuild its relationship with its LGBTQ+ partners over the past year. AdvertisementOne of the employees involved in the Pride Council told BI that a lot of LGBTQ+ people, herself included, joined Target specifically because of its stated support for trans and queer rights.

Persons: —, Brand Management Carlos Saavedra, Dominick Reuter, Erik Carnell, hasn't, Hayley Marzullo, Marzullo, Leslie Garrard, Garrard Organizations: Service, Business, Brand Management, Pride +, Council, Target, Pride Council, Christian Right, BI Locations: —

☆ Russia started new offensive early and with too few soldiers, as it tried to get ahead of US aid to Ukraine, experts say
▼ + stars: | 2024-05-27 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Read previewRussia began its latest offensive in northern Ukraine too early and without enough soldiers because it wanted to get ahead of Western aid heading to Ukraine, experts said. AdvertisementRussia started its new offensive in Kharkiv, in northeast Ukraine, earlier this month. But, it added, "the likely premature start of Russian offensive operations appears to have undermined Russian success in northern Kharkiv Oblast." AdvertisementUkraine's President Volodymyr Zelenskyy in Kharkiv, Ukraine, on May 24, 2024. In April, Ukrainian President Volodymyr Zelenskyy said Russia was firing 10 times more artillery than Ukraine, and had 30 times more aircraft.

Persons: —, ISW, Volodymyr Zelenskyy, Zelenskyy Organizations: Service, Washington DC, for, Business, Presidential, AP Ukraine, Forces, Kharkiv, BI Locations: Russia, Ukraine, Kharkiv Oblast, Kharkiv, Kharkiv City, Berestove, Vovchansk

☆ You could score a tax break for hiring your own kids this summer — if you follow the rules
▼ + stars: | 2024-05-27 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

"If your child's income falls within the limits, they may not owe any income tax, which can be a win-win," said Lovison, who is also a certified public accountant. If your child's income falls within the limits, they may not owe any income tax, which can be a win-win. What to know before hiring your kidsBefore hiring your children, it's important to know state and federal labor laws, along with tax rules, experts say. "Some states pretty much ban you from hiring children under the age of 14 under any scenario," Lovison said. Payments to children are subject to income tax withholding regardless of the child's age, according to the IRS.

Persons: Sean Lovison, Lovison, Roth, Carol Fabbri Organizations: Social, Advisors, IRS Locations: Philadelphia, , Colorado

In photo at right, Rob Breakiron with his daughter, Isabelle, at a performance of Taylor Swift's Eras tour. He often wears Swift's merchandise or friendship bracelets from her ongoing Eras tour on team calls. He's seen updates on Swift's music and personal life as something employees from across generations jump in to discuss on a team messaging forum. Meta CEO Mark Zuckerberg posted photos of his face bejeweled and wrists covered in friendship bracelets, which have become a hallmark accessory of Swift's tour. Despite that, she said, Swift's music has been a "universal language" that's helped her connect with everyone from the fathers of fans to women who see themselves in the singer.

Persons: Megh McLaughlin, Rob Breakiron, Isabelle, Taylor, Isabelle Breakiron, Taylor Swift, Swift, he's, Angela Hall, Andrew Boyagi, Boyagi, He's, Johan Cruyff, Jeff Bezos, Ray Dalio, Mark Zuckerberg, Susan St, Ledger, that's, McLaughlin, Amani Albertsen, Wise, Albertsen, Sharif Karmally, Karmally, Beyoncé, Raeah Smith, Smith, hasn't, Matt Lindner, Lindner, — Organizations: KPMG, Angela Hall of Michigan State University's School of Human Resources, Labor Relations, Society for Human Resource Management, Getty, Amazon, Disney, Michigan State's Hall, CNBC, Poets Department, Data Department Locations: Virginia, Australia, Cincinnati , Ohio, Amsterdam, Netherlands, St, HashiCorp, Florida, U.S, Atlanta, Texas, Minneapolis, Chicago

☆ Russia, in New Push, Increasingly Disrupts Ukraine’s Starlink Service
▼ + stars: | 2024-05-24 | by ( Paul Mozur | Adam Satariano | ) www.nytimes.com time to read: +1 min

Starlink satellite internet service, which soldiers use to communicate, collect intelligence and conduct drone attacks, had slowed to a crawl. Operated by Elon Musk’s SpaceX, Starlink has been critical to the Ukrainian military since the earliest days of the war with Russia. Without the full service, Ukrainian soldiers said, they couldn’t quickly communicate and share information about the surprise onslaught and resorted to sending text messages. Their experiences were repeated across the new northern front line, according to Ukrainian soldiers, officials and electronics warfare experts. As Russian troops made gains this month near Kharkiv, Ukraine’s second-largest city, they deployed stronger electronic weapons and more sophisticated tools to degrade Starlink service, Ukrainian officials said.

Persons: Elon Musk’s, Starlink Organizations: 92nd Assault Brigade, Elon, Elon Musk’s SpaceX, Mr, SpaceX Locations: Ukrainian, Russia, Kharkiv, Ukraine’s, Ukraine, United States

☆ Netflix shows about stalkers like ‘Baby Reindeer’ and ‘You’ are capturing audiences, but awareness of the crime is still low
▼ + stars: | 2024-05-24 | by ( Sydney Bishop | ) edition.cnn.com time to read: +14 min

In “Baby Reindeer,” Gadd’s stalker is portrayed as unattractive and mentally ill — someone whom her victim actually feels sorry for. “Baby Reindeer,” rated TV-MA by Netflix for “language, nudity, sex, sexual violence, substances,” only has a viewer discretionary warning before “Episode 4” wherein Gadd’s character is sexually assaulted. Information is also available on sexual assault, sexual violence and relationship abuse. Neither Netflix nor the “You” and “Baby Reindeer” teams responded to CNN’s requests for comment. Fleitman hopes “Baby Reindeer” can raise awareness for stalking victims, like men and so-called “imperfect victims” whose stories may not look like the ones we’re used to seeing.

Persons: Richard Gadd, Donny, Martha, Joe Goldberg, Dr, Lorraine Sheridan, don’t, ” Sheridan, “ I’ve, ” Gadd, “ I’m, Donny Dunn, Gadd, Edward, ” Emilio Estevez’s, Andie MacDowell’s, Penn Badgley, Joe, Goldberg, Sheridan, Stalkers, stalkers, we’ve, ”, Dana Fleitman, Anna Nasset, ” Nasset, “, aren’t, they’re, ” Fleitman, Fleitman, Edward Cullen, Robert Pattinson, Kristen Stewart, Bella, “ we’re, —, Nasset, femicides, weren’t, Dana, Resouces, Alice Ruggles Organizations: CNN, Hollywood, Netflix, Resource Center, Resources, SPARC, for Disease Control, US Department of Justice, National, HOPE VictimConnect, National Center for Locations: “ St, Elmo’s, California, Edinburgh, Scotland

☆ Buthidaung: Fires rage as Rohingya caught up on the front lines of Myanmar’s civil war
▼ + stars: | 2024-05-23 | by ( Helen Regan | Avery Schmitz | ) edition.cnn.com time to read: +11 min

This satellite image shows Buthidaung, Myanmar, on January 17, 2024. © 2024 Maxar Technologies This satellite image shows Buthidaung, Myanmar, on May 18, 2024. This satellite image shows a damaged bridge in Buthidaung, Myanmar, on May 18, 2024. Warnings of further atrocitiesAn immediate concern is a humanitarian crisis in Rakhine state, with newly displaced residents unable to access food or clean water. The Myanmar military has blocked all access,” said Nay San Lwin.

Persons: Farooq, ”, Young, Volker Türk, Kyaw, –, Buthidaung –, “, John Quinley, Khaing, Lwin, Rohingya, Pan, Matthew Miller Organizations: CNN, Arakan Army, AA, Resource Management, Free Rohingya Coalition, International Court of Justice, Council, Myanmar, UN Human Rights Council, National Unity Government, Free Rohingya Coalition –, Maxar Technologies, “, ” CNN, Bangladesh, Labs, Medecins, Rakhine . State Department, Unity Government Locations: Myanmar’s, Myanmar, Rakhine, Arakan, Bangladesh, Buthidaung, Lwin, Indonesia, San Lwin, Rakhine State

☆ Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells
▼ + stars: | 2024-05-23 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

AFP Contributor | AFP | Getty ImagesA perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. Xeneta ocean freight rates show the rallying spot market and the widening spread between spot and long-term rates. An increase in ocean freight rejections shows the imbalance. Logistics price increases are ultimately passed onto the consumer and the dizzying freight rates during the pandemic were among factors cited by the Federal Reserve as a cause of inflation. The International Chamber of Shipping, which represents major ocean carriers, did not immediately respond to a request for comment.

Persons: Emily Stausbøll, Stausbøll, Goetz Alebrand, Alebrand, Judah Levine, Freightos, Levine, Wan Hai, HLS, Drewry, Jonathan Gold Organizations: AFP, Getty, U.S ., Xeneta, DHL, Shipping, Americas, DHL Global, CNBC, Federal Reserve, Orient Star Group, MSC, Chamber of Shipping, Honour, Carriers, Maritime Locations: Qingdao, Shandong province, AFP, Asia, U.S . West Coast, U.S, China, Malaysia, Singapore, Panama, Latin America, Europe, Chongqing, East Asia, South America, Africa, U.S . East Coast

☆ An early retiree shares 3 money moves he made to save seven figures, quit work at 48, and still live comfortably: 'You don't have to live on ramen'
▼ + stars: | 2024-05-22 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Read previewFor most of his career, Eric Cooper wasn't pursuing early retirement or financial independence. He used most of his part-time job earnings to pay off the mortgages on his four rental properties. Here are three money moves he made in his 20s and 30s to retire by 48 while still living comfortably. "My net worth was really starting to take off with four rental properties and a nice paying job," he said. So those rental properties buffered that a bit because they allowed me to have that income coming in still and some extra peace of mind."

Persons: —, Eric Cooper wasn't, Cooper, Eric Cooper, I've Organizations: Service, FI, Business, EconoMe Conference, FIRE Locations: Louisville, Egypt

☆ Ms Rachel, the YouTuber, launched a campaign to help kids in Gaza and other conflict zones. Then came the angry comments
▼ + stars: | 2024-05-22 | by ( Faith Karimi | ) edition.cnn.com time to read: +7 min

“Hiiii, heeeello,” she chirps while waving cheerfully in social media clips that feature upbeat nursery rhymes, dances and language lessons for preschool children. Instead of her usual smiling, clapping and cheering, the popular social media creator, whose full name is Rachel Griffin Accurso, was in tears. But I can handle this,” she said in a video posted to her accounts last Thursday. In the caption on her tearful May 16 video, Accurso reiterated her concern for all the world’s children. “Palestinian children, Israeli children, children in the US – Muslim, Jewish, Christian children – all children, in every country,” she wrote.

Persons: “, TikTok, Rachel Griffin Accurso, ”, Accurso, wasn’t, –, Rachel, she’d, she’s, Rogers, James Elder, —, Giselle Ugarte, ” Ugarte, influencers Organizations: CNN, YouTube, Democratic, New York Times, United Nations Children’s Fund, UNICEF Locations: Instagram, Gaza, Israel, gaza, Sudan, Ukraine, Democratic Republic of the Congo, New York, Rafah, Palestinian, “

☆ The West can't completely isolate Russian banks because it would be disastrous beyond Russia
▼ + stars: | 2024-05-20 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

There's one major thing the West could, but won't, do: kill all Russian banks' access to the Society for Worldwide Interbank Financial Telecommunications, or SWIFT. 'Russia's economy is in deep, deep trouble'Despite the West's frustration with how Russia's economy still appears to be holding up, the sanctions appear to be finally working. "In five years, you're going see a really disastrous slowdown in the Russian economy," said Portes, who called for stronger sanctions enforcement. AdvertisementIn April 2022, Russia's central bank governor Elvira Nabiullina warned Russia's reserves can't last forever. "A significant problem is that they are running out of foreign exchange reserves, and you can't create foreign reserves," Portes added.

Persons: —, hasn't, SWIFT, Alex Capri, Richard Portes, Portes, Alexander Kolyandr, Elvira Nabiullina, Russia's Organizations: Service, West, Society, Worldwide Interbank Financial Telecommunications, Business, SWIFT, European Union, National University of Singapore, US Customs Service, London Business School, Carnegie Endowment, International Peace, Central Bank of Locations: Russia, Ukraine, Moscow, Russian, SWIFT, Capri, Asia Pacific, Europe, India, China, Central Bank of Russia, Russia's

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