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☆ A Microsoft under attack from government and tech rivals after 'preventable' hack ties executive pay to cyberthreats
▼ + stars: | 2024-05-22 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +13 min

The decision by Microsoft to link executive compensation to successful cybersecurity performance is another is prompting discussions at other firms. One change the tech giant is making in response: linking executive compensation more closely to cybersecurity. In recent years, many Fortune 500 companies, including Apple, have added bonus pay tied to ESG metrics. The conversations about cybersecurity-linked executive pay have started taking place at other companies since Microsoft made its move, according to Aalap Shah, managing director at executive compensation consultant Pearl Meyer. Madnick's research shows that gaps in corporate culture are often culprits in high-profile hacks, not just the Microsoft example.

Persons: Brad Smith, Charlie Bell, Aalap Shah, Pearl Meyer, It's, I've, Shah, —, Stuart Madnick, Madnick, Ryan Kalember, unavoidability, Jen, Kalember, ransomware, Mike Doonan, Doonan Organizations: Microsoft, U.S, Hill, Google, U.S . Department of Homeland, Initiative, Microsoft Security, Team, Companies, Fortune, Apple, MIT, Infrastructure Security Agency, CNBC, Technology, State Department Locations: China, Russia, cybersecurity, U.S

☆ Stock market today: Indexes slip as traders await Nvidia's earnings report
▼ + stars: | 2024-05-22 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US stocks traded lower as investors waited for Nvidia's first-quarter earnings report after the close. Investors also took in comments from Fed officials, which suggested rate cuts weren't imminent. AdvertisementUS stocks slid lower on Wednesday as traders took looked ahead to Nvidia's highly anticipated first-quarter earnings report and took in the latest commentary from Federal Reserve speakers. All three benchmark indexes traded lower, while bond yields ticked higher. Markets have been dialing back their expectations for Fed rate cuts all year.

Persons: Nvidia's, —, Susan Collins, Loretta Mester Organizations: Investors, Service, Federal Reserve, Treasury, Nvidia, Bloomberg, Boston, Cleveland Fed, Fed, Here's

CFP Daniel Masuda Lehrman says the two biggest contributors to poverty are housing and cars. I spoke with certified financial planner Daniel Masuda Lehrman founder of Masuda Lehrman Wealth, a Honolulu, Hawaii-based financial planning firm, on how Asians living in poverty can handle several money challenges at once. That's because housing is usually the biggest expense in your budget, says Masuda Lehrman, who specializes in multigenerational wealth. If you have credit card debt, see what hardship options the card issuer offers. Consider a credit card balance transferCredit card debt is expensive.

Persons: Daniel Masuda Lehrman, Masuda, Masuda Lehrman, there's, —, doesn't Organizations: Pacific Islander Heritage, Pew Research Locations: American, America, U.S, Honolulu , Hawaii

So far in May, 30-year mortgage rates have averaged around 6.75%, which is 10 basis points lower than the previous month's average. If the next few months continue to show that inflation is decelerating, mortgage rates could go down further this year. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 15-Year Fixed Mortgage Rates Go Down (-0.09%)The average 15-year mortgage rate is 6.00%, nine basis points lower than last week. Mortgage rates also rose dramatically in 2023, though they started trending back down toward the end of the year.

Persons: they'll, you'll, It's, refinance Organizations: Zillow, FHA Locations: Chevron

☆ Target comparable sales have dropped for 4 straight quarters, and it's scrambling to avoid a 5th
▼ + stars: | 2024-05-22 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTarget reported $24.5 billion in revenue last quarter, with comparable sales down 3.7%, marking the fourth consecutive quarter of decline. Unlike total sales, comparable sales exclude new and closed stores, and analysts commonly use the measure to assess a business' underlying health. AdvertisementThe company also revamped and expanded its membership program, Target Circle, adding over a million new shoppers last quarter. "We're encouraged by the meaningful progress we've seen in recent quarters," Cornell said.

Persons: —, Brian Cornell, Cornell, Jack children's, We're Organizations: Service, Business, Walmart, Amazon Prime, Target

☆ Stocks at record levels are about to get their next major test — Nvidia's earnings results
▼ + stars: | 2024-05-22 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Stocks are riding high heading into Nvidia's earnings results after the market close Wednesday. U.S. stock market benchmarks have been hovering near all-time highs. But Nvidia will test the sustainability of recent market highs given its huge size in broad market indexes, as well as its influence over investor psychology. Consider that the Jensen Huang-led company is in more than 6,000 long-only institutional funds, and in just 21 short-only funds, according to data from S & P Capital IQ. Beat and raise Many investors expect a strong showing from Nvidia will keep markets on their recent upward ascent.

Persons: Jensen Huang, Sam Stovall, Stovall, CFRA's Stovall, Piper Sandler, Harsh Kumar, Kumar, —, Blackwell, Huang, Zachary Hill, Hill, We've, Chris Zaccarelli Organizations: Nasdaq, Dow Jones, Nvidia, CFRA, Microsoft, Investments, Independent

☆ London's answer to 'Selling Sunset' has just dropped on Netflix — and it's already getting dragged
▼ + stars: | 2024-05-22 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +3 min

Read previewA new reality show, "Buying London," dropped on Netflix on Wednesday, and it's all about London's luxury real estate market. The show is centered on Daniel Daggers and his team of real estate agents at the property company DDRE Global. Daggers says he's sold over £5 billion ($6.4 billion) of real estate over the course of his 25 years in the industry. And it's also been a success for the real estate agents involved. Mary Fitzgerald, a real-estate agent on "Selling Sunset," previously told BI that she has got more clients since appearing on the show and now sells at higher prices than before.

Persons: —, Daniel Daggers, he's, Ken Griffin, Mr, Lauren Christy, Nicole, Rebecca Nicholson, I'm, Carol Midgley, Rosi Walden, Zoe McConnell, it's, Mary Fitzgerald Organizations: Service, Netflix, DDRE, Business, DDRE Global, Guardian, The Times Locations: London, Mayfair, Holland, The, Los Angeles

☆ Abortion politics have changed so drastically that a GOP Senate candidate is airing an ad saying he would vote to codify Roe into law
▼ + stars: | 2024-05-21 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

President Joe Biden and Democrats have tried unsuccessfully to restore nationwide abortion rights since the Supreme Court issued its landmark reversal of Roe in 2022. AdvertisementHogan's position makes him one of the few prominent Republicans to support abortion rights. When he first announced his Senate run, Hogan initially said he needed to think more about his position on abortion rights. Democrats have already placed abortion rights on the Florida ballot this November. No Republican Senate is going to make a serious effort to codify Roe, given the party's near-universal support to restrict abortion rights.

Persons: —, Larry Hogan, Roe, Hogan, Wade, he's, Joe Biden, Angela Alsbrooks, Alsobrooks, David Trone, Susan Collins of, Lisa Murkowski, codifying Roe, Donald Trump, Mitch McConnell, Court's Dodds, hasn't, it's, Trump Organizations: Service, Maryland Gov, GOP, Democrats, Business, Prince, Wine, Republicans, Press, Senate, Biden, Republican Senate Locations: Prince George's County, Susan Collins of Maine, Alaska, Maryland, Florida, Arizona

☆ The last bear on Wall Street: Why JPMorgan's Marko Kolanovic is sticking by his forecast for a 20% market sell-off
▼ + stars: | 2024-05-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

JPMorgan's Marko Kolanovic sees no reason to turn bullish on the stock market despite record highs. In a Monday note, Kolanovic reiterated his view that the S&P 500 could fall 20% to 4,200. AdvertisementJust one day after Morgan Stanley CIO Mike Wilson abandoned his bearish stock market call, JPMorgan's Marko Kolanovic is digging his heels in. Kolanovic is the last mega-bank-bear on Wall Street, reiterating his view in a Monday note that the S&P 500 will fall about 20% to 4,200, levels not seen since October. And AI won't save the stock market, either.

Persons: JPMorgan's Marko Kolanovic, Kolanovic, —, Morgan Stanley, Mike Wilson, It's Organizations: Service Locations: Kolanovic

☆ A Gen Xer who barely lives above the poverty line sells plasma to cover her rent because she doesn't qualify for government assistance: 'There's a lot of praying and just hanging on.'
▼ + stars: | 2024-05-21 | by ( Allie Kelly | ) www.businessinsider.com time to read: +4 min

Kelley used to drive 30 minutes across the Kentucky border every morning to work as a security guard. A growing number of American households can barely pay their bills but make too much to qualify for government assistance. Kelley can't afford healthcare and has started selling her plasma for extra moneyKelley said her top expenses are housing and food. She also said it's a lot more difficult to qualify for government assistance since she isn't actively supporting children. "If you make too much, there's no help; if you are healthy, there's no help; if you don't have kids, there's no help."

Persons: —, Lisa Kelley, Kelley, she's, ALICE —, ALICE, I've, She's, isn't Organizations: Service, Business, Survey, United Way's, Medicare Locations: Cincinnati, Kentucky, DollarTree

☆ 5 investments Morgan Stanley recommends making as US stocks surge by up to 19% — and why a prominent Wall Street bear just abandoned his downbeat view
▼ + stars: | 2024-05-21 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Since then, several major investment firms have lifted their long-term S&P 500 price targets. The firm recommends pairing cyclicals and growth stocks with those attributes so that investors are prepared for stronger or weaker growth. Technology firms using AI need more power, which is a major long-term tailwind for utility companies, Wilson wrote. "We see the recent pullback as an attractive entry point and an opportunity to formally upgrade the sector to overweight," Wilson wrote. "Small-cap valuation is relatively cheap but earnings growth is highly concentrated," Wilson wrote.

Persons: —, Brian Belski, Binky, Morgan Stanley, Long, Mike Wilson, subpar, Wilson, Wilson's, Goldman Sachs, Morgan, Morgan Stanley's Organizations: Service, Business, BMO Capital, Deutsche Bank, optimist, Consumer, Utilities

☆ So you finally got TSA pre-check. Here's how to avoid being the most annoying person in line and get through fastest.
▼ + stars: | 2024-05-21 | by ( Joey Hadden | ) www.businessinsider.com time to read: +5 min

In the TSA PreCheck line, pre-screened travelers can go through security quickly without taking off their shoes or removing electronics or liquids from their carry-on bags. In November 2023, the TSA reported that more than 17 million Americans have TSA PreCheck. Ott said this can cause the line to move slower, but he shared his best tips for TSA PreCheck travelers. I have it in my backpack, knowing I'll put it on as soon as I get through PreCheck," Ott told BI. Be ready before it's your turnWhen you first get in line, Ott recommends having your boarding pass and identification out before it's your turn to show them.

Persons: —, Chase, John Raoux Gilbert Ott, Ott, ROBYN BECK, we'd Organizations: Service, TSA, Business, Venture, Capital, Chase Sapphire Reserve, Delta, American Express, AP, Getty

☆ Nestle to launch Vital Pursuit frozen-food brand targeting GLP-1 users
▼ + stars: | 2024-05-21 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Nestle is launching a new frozen-food brand, Vital Pursuit, aimed at the growing market of consumers who are using GLP-1 drugs like Ozempic and Wegovy. In October, Walmart's U.S. CEO John Furner told Bloomberg that people who pick up GLP-1 drugs from its pharmacies are buying less food, typically with fewer calories. But Nestle sees an opportunity to cater to those consumers through Vital Pursuit. Vital Pursuit's packaging won't include mentions of GLP-1 medications, but Nestle said the company will more directly connect the brand to the drugs on social media. The food company expects that its global growth will slow this year as inflation-weary consumers buy less of its products.

Persons: Oprah Winfrey, Elon, Morgan Stanley, John Furner, Nestle, Steve Presley, Laffy, Ferrero, Presley Organizations: Nestle, Walmart's U.S, Bloomberg, Vital, North, CNBC, Toll, Lean, Swiss Locations: U.S, GLP

We break down key info on booking long-term Airbnbs, including fee and cancellation policies. While long-term Airbnb listings will show up in a standard search, you can also more easily find them by going directly through the website's sublet hub. Not to mention, booking a long-term Airbnb is an easy way to earn travel points on your credit card. Long-term Airbnb discounts start at bookings of 28 days or more. Do you still have to pay fees on a long-term Airbnb rental?

Persons: weeklong, Airbnb, —, You'll, someone's, you'll, it's, you've, Airbnb's Organizations: Business, Service Locations: Airbnb, Seattle, New York City, Brooklyn, Bellville , Kansas

☆ I taught college for almost a decade, and I want parents to stop forcing their kids into college. There are other options.
▼ + stars: | 2024-05-21 | by ( Rachel Garlinghouse | ) www.businessinsider.com time to read: +5 min

The overwhelming and overriding culprit of my students' college failures was their parents. They were terrified of letting their parents know that money had been "wasted" or that they didn't meet their parents' own college dreams for their kids. Look into community collegeSo many students told me their parents turned their noses up at the idea of their child attending a community college, and my question is: Why? AdvertisementI attended a community college and eventually became a college teacher. Community college is cheaper, sometimes more conveniently located, and offers a less abrupt and extreme step between high school and a university.

Persons: — Organizations: Service, Students, Business, Community

"Consumers continue to be even more discriminating with every dollar that they spend as they faced elevated prices in their day-to-day spending," McDonald's CEO Chris Kempczinski said on the company's conference call in late April. Paul Weaver | SOPA Images | Getty ImagesFor more than two years, consumers have dealt with sharply rising prices. But that doesn't mean the actual prices seen on grocery store shelves or restaurant menus will fall, and shoppers are feeling that pinch. While some CEOs have said that consumers are growing more cautious, others — like those in the airline industry — have celebrated strong and persistent spending. Corporate misfires can also lead to disappointing sales, even if their shoppers aren't necessarily pulling back on their spending.

Persons: Chris Kempczinski, Burger, Paul Weaver, Jerome Powell, Aurelia Concepcion, Concepcion, it's, Joe Raedle, Brett House, John David Rainey, Ramon Laguarta, Ed Bastian, We're, Daniel Slim, Brian Niccol, Calvin McDonald, Laxman Narasimhan, Sara Senatore, Spencer Platt Organizations: DAL, Washington Post, Home, Delta Air Lines, Consumers, of Labor, CPI, KFC, Starbucks, Columbia Business School, Walmart, Finance, CNBC, PepsiCo, Gatorade, Pepsi, United, Delta Airlines Boeing, Owen Roberts International, AFP, Getty, Delta, Target, Bank of America Locations: Manhattan, Bloomsburg , Pennsylvania, New York, Georgia, Ohio, Miami , Florida, U.S, Delta, Europe, Asia, Japan, George Town, Cayman Islands, New York City

☆ Barbara Corcoran's No. 1 piece of advice for people in their 20s: 'Always choose the best boss' over the best-looking job
▼ + stars: | 2024-05-20 | by ( ) www.cnbc.com time to read: +1 min

As you weigh job prospects and potential roles, "always choose the best boss," Corcoran, a millionaire real estate entrepreneur and investor, said in a TikTok video last week. "Don't take any job based on how much it pays," she said. "I've never met anyone who worked for a bad boss and enjoyed their job. "If you have a bad boss for a long time, it can [damage] your ego," Corcoran added. "I've had bad bosses, I know what that feels like.

Persons: Barbara Corcoran, Corcoran, I've Organizations: Yahoo Finance

☆ Iran helicopter crash: Foreign policy won't really change, analyst says
▼ + stars: | 2024-05-20 | 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 EmailIran helicopter crash: Foreign policy won't really change, analyst saysSanam Vakil, director of the Middle East and North Africa Programme at Chatham House, discusses what the deaths of Iranian President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian might mean for the country's foreign policy.

Persons: Sanam Vakil, Ebrahim Raisi, Hossein Amirabdollahian Organizations: Iran, North Africa, Chatham House Locations: East, Chatham

☆ An Ohio power company wants data centers to pay their fair share of electricity use as demand surges amid the AI boom
▼ + stars: | 2024-05-20 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +5 min

In a filing on Monday, AEP Ohio asked the state's public utilities commission to approve its proposals to create a new customer class and a set of tariffs specifically for data centers. On the other hand, data centers have created roughly "less than one" full time job per megawatt of energy consumed, the filing said. AEP Ohio's new service queue has been paused since March while the company assesses its response to the 30,000 megawatts of requests from data centers. "We believe some of that queue is speculative, but we want the real customers and counterparties to commit to Ohio," Reitter said. AdvertisementSome states, including Ohio, have a statute that allows power companies and data centers to seek approval for agreements that give the data centers heavily discounted electricity.

Persons: —, Marc Reitter, Reitter, counterparties Organizations: Service, AEP Ohio, Business, American Electric, AEP, —, AEP Ohio's, ratepayers Locations: Ohio, Columbus , Ohio, New York

☆ Ryanair CEO: More and more people are traveling with lower fares
▼ + stars: | 2024-05-20 | 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 EmailRyanair CEO: More and more people are traveling with lower faresRyanair CEO Michael O'Leary joins 'Squawk Box' to discuss the company's quarterly earnings results, why prices won't be as high as hoped during the summer season, and much more.

Persons: Michael O'Leary

☆ What Donald Trump might do if he wins a second term in 2024
▼ + stars: | 2024-05-20 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +11 min

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 ,

☆ Is Daphne Bridgerton going to show up in season 3 of 'Bridgerton'?
▼ + stars: | 2024-05-20 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +4 min

Daphne Bridgerton (Phoebe Dynevor) is the eldest of the Bridgerton sisters and the fourth-eldest Bridgerton sibling. Unfortunately, Dynevor confirmed in January 2023 that she was not returning for "Bridgerton" season three. Daphne Bridgerton and Simon Basset in "Bridgerton." Liam Daniel/BridgertonDaphne is mentioned several times in 'Bridgerton' season threeDaphne doesn't make an appearance in the first four episodes of season three of Bridgerton, though all of her siblings do. But In "Romancing Mr. Bridgerton," the Julia Quinn novel that this season of "Bridgerton" loosely follows, Daphne hosts a ball toward the end of the season.

Persons: —, Daphne, Daphne Bridgerton, Phoebe Dynevor, Simon Basset, Duke, Hastings, Jean Page, she's, Colin, Penelope Featherington, Dynevor, Liam Daniel, Bridgerton Daphne, Daphne doesn't, Duchess, Anthony, Kate Sharma, it'll, She's, Violet, Francesca, I'm, Bridgerton, Julia Quinn, Penelope, We'll Organizations: Service, Netflix, Business, Hastings House Locations: Pall, Hastings

☆ These home remodeling projects offer the highest return on investment in history, report finds
▼ + stars: | 2024-05-20 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

And when it comes to the return on investment, some projects now offer the highest return values in history — with a few home upgrades averaging returns of nearly 200% for the first time ever — according to the 2024 Cost vs. Value report from Zonda Media, a housing market research and analytics firm. Garage door replacements offered the highest average return at 194%, followed by upgrading to a steel front door, with a 188% return on investment — both worth nearly double what they were last year, the report found. Curb appeal is keyForget a designer chef's kitchen, the projects offering the greatest returns in resale value are mostly related to curb appeal rather than more glamorous kitchen and bath remodels, according to Zonda's report. In fact, nine out of the top 10 projects with the highest return on investment were exterior improvement projects, the report found. Only three projects on Zonda's list can typically deliver even a 100% return on investment, including replacing the garage doors, upgrading to a steel front door and installing a stone veneer.

Persons: Clay DeKorne, Zonda's, DeKorne, Angelica Ferguson VonDrak, Todd Tomalak, Tomalak Organizations: Zonda Media, Finance, Photodisc, Getty Locations: Rhinebeck , New York

☆ Fordham: Oil prices likely won't spike amid Iranian leadership shake-up
▼ + stars: | 2024-05-20 | 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 EmailFordham: Oil prices likely won't spike amid Iranian leadership shake-upTina Fordham, Founder of Fordham Global Foresight, discusses the passing of the Iran president and foreign minister over the weekend.

Persons: Tina Fordham Organizations: Fordham, Fordham Global Foresight Locations: Iran

☆ KKR's Henry McVey: We are seeing a surge in productivity, and it's not AI-driven
▼ + stars: | 2024-05-20 | 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 EmailKKR's Henry McVey: We are seeing a surge in productivity, and it's not AI-drivenHenry McVey, KKR's balance sheet CIO, joins 'Squawk Box' to discuss why the Federal Reserve won't cut rates this year, whether the equity market can hang on to gains, and more.

Persons: KKR's Henry McVey, Henry McVey

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