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House Republicans were thrown for a loop on Tuesday when a vote to impeach Homeland Security Secretary Alejandro Mayorkas over his handling of the southern border failed after four Republicans voted against it. House GOP leaders displayed confidence going into the vote despite knowing ahead of time that at least a couple Republican members were going to vote against impeachment. Republicans could try to impeach Mayorkas again once Scalise returns. GOP efforts to impeach Mayorkas were vehemently opposed by the Biden administration and the Homeland Security Department. Republican senators on Tuesday indicated that they would block a procedural vote for the bipartisan border deal this week.

Persons: Alejandro Mayorkas, “, We’ll, Tom Emmer, Tom McClintock of, John Gallagher of, Ken Buck, Blake Moore of, ” McClintock, Steve Scalise, Mayorkas, Scalise, Biden, ’, Joe Biden –, Mike Johnson, Mitch McConnell, ” Organizations: Republicans, Homeland, GOP, Republican, Tom McClintock of California, Court, Democrats, Homeland Security Department Locations: John Gallagher of Wisconsin, Ken Buck of, Blake Moore of Utah

☆ The New Jobs Report Showed Employees Are Entering a so-so Era
▼ + stars: | 2024-02-04 | by ( Emily Stewart | ) www.businessinsider.com time to read: +6 min

For almost two years, many economists and observers have figured something has to give in the labor market. And then the labor market has turned around and said, "Ha, actually, no." If you're trying to upgrade your job, you're trying to get a better job, the time to do that was probably a year ago. If you have a job, you're at a relatively low risk of losing that job — despite the headlines about layoffs at some big-name companies. "If you're trying to upgrade your job, you're trying to get a better job, the time to do that was probably a year ago," Preston Mui, a senior economist at the macroeconomic policy group Employ America, said.

Persons: Nick Bunker, didn't, Guy Berger, Preston Mui, —, Heck, hasn't, It's, they're, Emily Stewart Organizations: Ferrari, Workers, Glass Institute, Companies, Business Locations: America

☆ Costco and TJX crushed rivals in an inflationary world. What happens as prices come down?
▼ + stars: | 2024-02-04 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

Costco and TJX Companies should be able to manage the emerging transition to deflation by leveraging their deep value propositions to get customers to buy more. Average sale prices on other items like TVs have been lower while unit sales have gone higher. Membership fee revenue is some of the glue that allows Costco to keep prices so low. Costco can boost sales in either scenario by "encouraging its members to buy more items to get more savings," Feldman said. Like Costco, Feldman said the off-price retailer would need to increase revenue either through price or number of units.

Persons: won't, Joe Feldman, Jim Cramer, Rich Galanti, Galanti, Feldman, It's, They'll, Jefferies, TJX, We'll, Jim Cramer's, Jim, Robert Nickelsberg Organizations: Costco, TJX, Marshalls, Federal, Fed, Telsey Advisory, Kirkland, CNBC, Costco Wholesale, Getty Locations: Maxx, stoke, TJX, Colchester , Vermont

☆ What Walmart’s new focus on employee stock could mean for the wealth of the average American household
▼ + stars: | 2024-02-03 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +9 min

Walmart is offering its store managers stock grants, which based on a manager's store format, can range between $10,000 and $20,000. It's not only managers that Walmart wants to encourage to buy into stock ownership. 1 employer, Walmart's decisions are likely to have significant ripple effects and could even lead to broader equity ownership among rank-and-file employees. Already companies such as Ingersoll Rand and Harley-Davidson have taken steps to broaden stock ownership to employees. "Stock ownership is a pillar of worker financial wellness."

Persons: John David Rainey, Chris Taylor, It's, John Furner, Doug McMillon, Biden, Marc Roloson, Aalap Shah, Pearl Meyer, Shah, Brian J, Albert H, Gordon, Stacey Kole, Ed Rataj, Michael Kestenbaum, Gallagher, Peter Follows, Kole, Ingersoll Rand, Davidson, Martin Whitman, Whitman, Pete Stavros's, Walmart's, Harvard's, WTW's Roloson Organizations: New York Stock Exchange, Walmart, International, NYSE, LinkedIn, Companies, Business Administration, Harvard Business School, The University of Chicago Booth School of Business, CBIZ, Carpedia, Harley, Just Locations: U.S

☆ India's finance minister touts unlikely export growth in a world of uncertainty
▼ + stars: | 2024-02-02 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +4 min

Finance Minister Nirmala Sitharaman addresses the media after the interim budget on February 1, 2024 in New Delhi, India. So a lot of new people are accessing India," Sitharaman said, while touting that India was able to showcase its digital public infrastructure at the G20 summit it hosted in New Delhi last year. Sitharaman, when asked about what economic issues will define the vote, said "if economic issues are to dominate the election, it would be the recipients of the beneficiaries themselves coming out to say, 'I'm empowered now'." "If anything, for us it will be performance on the economic issues, good performance, inclusive growth that we've offered." The interim budget is typically a stop-gap financial plan during an election year, aimed at meeting immediate financial needs before a new government is formed.

Persons: Nirmala Sitharaman, Sitharaman, CNBC's, CNBC's Sri Jegarajah, Narendra Modi's, Pranjul Bhandari, Bhandari, Anantha Nageswaran Organizations: Hindustan Times, Getty, India's, CNBC's Sri, Mar, CNBC, India's Finance Locations: New Delhi, India, Europe, America, Brazil, Africa, Indonesia

☆ This bond ETF will get the biggest bang for its buck in 2024, says VettaFi’s Rosenbluth
▼ + stars: | 2024-02-01 | by ( Natalie Zhang | ) www.cnbc.com time to read: +1 min

Long-term yields might be the best bond investment this year, according to one exchange-traded fund expert. "The iShares 20-year Treasury ETF (TLT ) will get the biggest bang for its buck [and] some of the intermediate-term products like the Vanguard Intermediate-Term Corp Bond (VCIT ) will get some bang for the buck," VettaFi's Todd Rosenbluth told CNBC's "ETF Edge" on Monday. Rosenbluth added that while the short-term products were very popular last year, they will "largely tread water or earn a little more than their overall income." The firm's head of research reasons that if the Federal Reserve cuts interest rates more than expected then investors should stay in longer-term products to benefit. "We saw a lot of money start to move out of the short end of the curve into intermediate duration," said Slavin, the company's global head of ETFs.

Persons: VettaFi's Todd Rosenbluth, CNBC's, Rosenbluth, BNY Mellon's Benjamin Slavin Organizations: Treasury, Corp, Federal Reserve

☆ Death of Fringe Friendships: Making Gen Z Sad, Hurting Job Prospects
▼ + stars: | 2024-02-01 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +16 min

One of the biggest reasons for our shrinking social circles is the loss of fringe friends — casual friends that you enjoy seeing occasionally. These relationships might seem trivial or inconsequential, but experts and research indicate that fringe friends are vital. But now these fringe friend groups are disappearing, and we're all worse off for it. AdvertisementGlimmers of hope for Gen ZThe decline in fringe friends has also created a generational divide when it comes to who's doing well socially. There's no real solution to the loss of fringe friends.

Persons: Nikol Moses, Moses, Gen, would've, That's, —, Gen Zers, It's, Juliana Horowitz, Daniel Cox, Cox, what's, he'd, we've, Danielle Bayard Jackson, Long, Evan Paul Cudworth, Cudworth, Anna Goldfarb, I've, he's, Pew's Horowitz, Jackson, she'd, Goldfarb, it's, — Moses Organizations: Brisbane —, IRL, Pew Research Center, Gallup, Pew, American Survey, Survey, Survey Center, American Enterprise Institute, bodega, Federal Reserve Bank of Philadelphia, Facebook, Social, DMs, Pew Research, American Locations: Melbourne, Brisbane, Brooklyn, New York

☆ Luxury homes are more expensive than ever as the wealthy buck high mortgage rates
▼ + stars: | 2024-01-31 | by ( Aruni Soni | ) www.businessinsider.com time to read: +2 min

Luxury home prices have hit an all-time high, rising at twice the pace of non-luxury homes, Redfin wrote in a report on Wednesday. "Luxury prices are rising at twice the rate of non-luxury prices largely because so many affluent buyers are able to buy homes in cash, rendering today's elevated mortgage rates irrelevant," the release stated. "A lot of luxury buyers are coming in with cash, snapping up expensive homes," a Redfin Premier agent, Heather Mahmood-Corley, said. It's also that the supply of luxury homes is still low, driving up competition and pushing bid prices higher. The total number of luxury homes on the market also rose by 13%.

Persons: Redfin, Heather Mahmood, Corley, It's Organizations: Business Locations: Scottsdale, Tempe, West

☆ Republicans might not have the votes to impeach DHS Secretary Alejandro Mayorkas. Two GOP lawmakers are still undecided.
▼ + stars: | 2024-01-31 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

At least two Republican lawmakers are still undecided on impeaching Homeland Security Secretary Alejandro Mayorkas. AdvertisementHouse Republicans took more than 14 hours to ram through impeachment articles against Homeland Security Secretary Alejandro Mayorkas through committee approval. Just after 1 am Wednesday morning, the House Homeland Security Committee approved two articles of impeachment against Mayorkas on an 18 to 15 party-line vote. Johnson and House leadership must grapple with at least two publicly undecided Republican lawmakers in Reps. Ken Buck of Colorado and Tom McClintock of California. He and seven other Republicans joined Democrats in November in voting to punt Rep. Marjorie Taylor Greene's push to impeach Mayorkas to the Homeland Security panel.

Persons: Mike Johnson, Alejandro Mayorkas, —, Mayorkas, Johnson, Ken Buck, Ken Buck of Colorado, Tom McClintock of, Buck, Marjorie Taylor Greene's, Joe Biden's, McClintock, Axios, " McClintock, Don Bacon, Joe Biden, impeaching, Bacon Organizations: Homeland, Service, GOP, House Homeland Security, Tom McClintock of California, CNN, Republicans, Democrats, Homeland Security, House, Caucus, Republican, Nebraska Republican, Politico Locations: Ken Buck of, Nebraska

These days, however, conspiracy theories and those who believe them seem to be playing an outsize role in politics and culture. On the left, Robert F. Kennedy Jr. has exploited conspiracy theories about vaccines to wage his own campaign for the presidency this year. The Associated Press has examined the history of conspiracy theories in the United States. “I was suicidal before I got into conspiracy theories,” said Antonio Perez, a Hawaii man who became obsessed with Sept. 11 conspiracy theories and QAnon until he decided that they were interfering with his life. Russia, China, Iran and other U.S. adversaries have worked to amplify conspiracy theories as a way to destabilize democracy further.

Persons: Robert F, Kennedy Jr, ”, John Llewellyn, Melissa Sell, Antonio Perez, “, I’ve, they've, —, Nash, peddlers, Trump, Timothy Caulfield Organizations: Associated Press, Illuminati, Wake Forest University, AP, Sandy, Elementary, Capitol, Business, U.S, University of Alberta Locations: United States, Pennsylvania, Connecticut, Hawaii, U.S, Russia, China, Iran

☆ Tax Bill Moves Forward, but Election-Year Politics Threaten Its Chances
▼ + stars: | 2024-01-31 | by ( Kayla Guo | ) www.nytimes.com time to read: +1 min

The House is expected to give broad bipartisan approval on Wednesday to a $78 billion bill that would expand the child tax credit and restore a set of corporate tax breaks, a rare feat in an election year by a Congress that has labored to legislate. But the measure still faces a fraught path to enactment amid political divides over who should benefit the most. “The Tax Relief for American Families and Workers Act is important bipartisan legislation to revive conservative pro-growth tax reform,” Speaker Mike Johnson said in a statement Wednesday. “This bottom-up process is a good example of how Congress is supposed to make law.”The package would expand the child tax credit — though a version substantially scaled back from its pandemic-era level — and restore a set of business tax breaks related to research and development and capital expenses. It also would bolster the low-income housing tax credit and extend tax benefits to disaster victims and Taiwanese companies and individuals.

Persons: Mike Johnson Organizations: Senate Republicans, Republican, Tax Relief, American Families and Workers

☆ Trump civil fraud trial: What to know as the verdict nears
▼ + stars: | 2024-01-30 | by ( Dan Berman | ) edition.cnn.com time to read: +7 min

CNN —A New York state judge has the future of Donald Trump’s business empire in his hands. The civil lawsuit from New York Attorney General Letitia James, a Democrat, is seeking $370 million from Trump and the other defendants (the figure was originally $250 million). The back and forth between the judge, Trump and the former president’s lawyers during the trial was repeatedly heated. “What evidence do you have – I just haven’t seen it – that they knew that there was fraud?” Engoron asked. Furthermore, Trump says, companies like Deutsche Bank wanted to do business with Trump Org.

Persons: Donald Trump’s, Judge Arthur Engoron, Trump, Letitia James, Engoron, What’s, James, ”, Andrew Amer, Allen Weisselberg, Jeff McConney, Mr, ” Amer, “, ” Engoron, Donald Trump Jr, Eric Trump, Ivanka Trump, belittle James, colluding, ” Trump, I’m, “ It’s Organizations: CNN, New York, Democrat, Trump, disgorgement, Trump Organization, Trump Org, Deutsche Bank, Engoron Locations: York, New, Mar, New York, Westchester County , New York

For instance, the U.S. has blocked shipments of cotton coming from China, a top manufacturer of popular clothing brands, because it was produced by forced or prison labor. While prison labor seeps into the supply chains of some companies through third-party suppliers without them knowing, others buy direct. Cargill acknowledged buying goods from prison farms in Tennessee, Arkansas and Ohio, saying they constituted only a small fraction of the company’s overall volume. For instance, about a dozen state prison farms, including operations in Texas, Virginia, Kentucky and Montana, have sold more than $60 million worth of cattle since 2018. “What for?”FOLLOWING THE MONEYThe business of prison labor is so vast and convoluted that tracing the money can be challenging.

Persons: it’s, Willie Ingram, “ They’d, billy clubs, they’d, ”, Ingram, didn’t, they’re, don’t, Andrea Armstrong, Frank Dwayne Ellington, Ellington, Koch, “ It’s, it’s somebody’s, Alishia Powell, Clark, “, Bunge, Louis Dreyfus, Archer Daniels, Cargill, ” McDonald’s, Mills, ” Bunge, Burger, Jermaine Hudson, ” Hudson, Calvin Thomas, Thomas, Ken Pastorick, Pastorick, Jennifer Turner, Faye Jacobs, Jacobs, ’ ” David Farabough, they’ve, Joshua Sbicca, Cliff Johnson, Jimmy Dean, Sara Lee, Tyson, Brevard County Sheriff Wayne Ivey, that’s, ” Ivey, “ They’re, ’ ”, William “ Buck ” Saunders, Hickman’s, Brooke Counts, Counts, John’s, Jack Strain, Tammany Parish, Russell Stover, Curtis Davis, Robert Bumsted, Cody Jackson, Columbia University’s Ira A, Lipman Organizations: Louisiana State Penitentiary, The Associated Press, Walmart, Cargill, U.S, Kroger, Target, Aldi, Corrections, Loyola University New Orleans, Koch Foods, Occupational Safety, Health Administration, Washington, Archer Daniels Midland, Consolidated, AP, Foods, Dairy Farmers of, Big, Sam’s, Tyson Foods, U.S ., Civilian, OSHA, Fair Labor, American Civil Liberties, Colorado State University, MacArthur Justice Center, University of Mississippi, PepsiCo, Brevard County Sheriff, Arizona . Companies, Costco, Correctional, Prisons, Nut, Maine Foods, Taylor Farms, Transitional, Associated Press, Public Welfare Foundation, Columbia, Lipman Center for Journalism, Arnold Ventures Locations: ANGOLA, La, Southern, Louisiana, Texas, In Louisiana, Angola, United States, “, Ashland, U.S, China, Tennessee , Arkansas, Ohio, Dairy Farmers of America, Texas , Virginia, Kentucky, Montana, Baton Rouge, Mississippi, Manhattan, America, Alabama, American, Arkansas , Texas, Florida , Alabama, South Carolina, Georgia, Arkansas, In Alabama, Florida, Brevard County, Arizona, Wisconsin, California, Colorado, state’s St, Tammany, Idaho, In Kansas, Cal, St, Francisville , Louisiana, Feliciana, Investigative@ap.org

NEW YORK (AP) — After 46 years, Steve Replin has decided to give up his office space. About 23% of U.S. office space is available, compared with 16% before the pandemic, according to global real estate advisor Avison Young. Garnett is looking for a smaller space – 1,200 square feet or so -- in suburban Huntsville, closer to where most of his clients live. The pandemic taught her she could work in a smaller space, but she still saw value in having office space with a physical library. Saul said she was able to downsize her library, filled with samples and a necessary part of the firm’s office space.

Persons: Steve Replin, Avison Young, ”, Alan Pontius, Marcus, Millichap, Hunter Garnett, Garnett, I’d, Leslie Saul, she’d, “, Saul, Annie Scranton, Replin, ” Replin, He’s, ” Krueger Organizations: Pace Public Relations Locations: Denver, Huntsville , Alabama, Huntsville, Cambridge, Winchester, Manhattan, New York, Larchmont, Greenwood Lake, N.J, Maryland

☆ How to get the biggest bang for your buck while investing in dividend-paying stocks
▼ + stars: | 2024-01-29 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

As attractive as today's yields may look on certain dividend-paying stocks, they only tell part of the story when you're choosing names for income. Lower interest rates make other income-generating assets, including dividend-paying stocks, more attractive compared to the risk-free yields on Treasurys. Dividend stocks took their lumps during 2022 as the Fed embarked on its rate hikes – consider that the Vanguard Dividend Appreciation ETF (VIG) posted a total return of negative 9% in 2022 – and rate-sensitive income stocks in the utilities and real estate sector suffered. Check with your brokerage to make sure you have dividends reinvested as your preference for individual stocks and ETFs. Picking the right names Dividend investors are seeing 2024 as a potential rebound year for these stocks, anticipating a broadening rally.

Persons: Michael Arone, Dow, VIG, would've, Grace Lee, –, Dow Jones, Arone, Chris Hayes Organizations: SPDR, State, Federal, Dow Jones, Fed, Vanguard, CNBC Pro, IBM, Columbia, Opportunity, Walgreens, Alliance

☆ Rich parents want to give to charity and leave more money to their kids. Here's how billionaire families do it.
▼ + stars: | 2024-01-29 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +8 min

Read previewWhen the rich give to charity, they find a way to get the most bang for their buck. If the trust assets are invested and achieve an annual rate of return of 9% a year, the CLT's remainder will be $2.1 million. Advertisement"It's a fantastic low interest rate play," said Renn. "The problem now is rates have really risen and it's to the point where some investments clearly can outperform a 4% or 5% interest rate, but others might struggle." In this interest rate environment, charitable remainder trusts (CRTs) have better odds.

Persons: —, Jacqueline Kennedy Onassis, Walton, Lance Morgan, Ed Renn, I've, Renn, Dan Griffith, Griffith, CLTs, Onassis, CLATs, Alice, Jim Walton, Rick T, Jennifer Galvagna, Michael Prinzo, they're Organizations: Service, Tax, Business, Bloomberg, Huntington Private Bank, Walmart, Bank of America Private Bank Locations: Withersworldwide, CLTs, Fayetteville , Arkansas, Israel, Palestine

☆ 28-year-old with a net worth over $500,000 shares 5 money habits she avoids: 'Everything can't be a little treat'
▼ + stars: | 2024-01-27 | by ( Mike Winters | ) www.cnbc.com time to read: +4 min

Using traditional savings accountsAllocca favors high-yield savings accounts over the traditional savings accounts typically offered by large banks, as they offer better annual interest rates. Currently, you can find high-yield savings accounts offering APRs of around 5%, while traditional accounts offer interest rates closer to 0.6%, per Bankrate's most recent data. Many online banks and credit unions offer high-yield savings accounts, so they're not hard tp come by. "All of my cash savings are in a high-yield savings account," says Allocca. "If you aren't using a high-yield savings account, make 2024 the year you open one.

Persons: Michela, She's, Allocca, They're, they've Organizations: CNBC

☆ After being asked who'd been arrested, Lauren Boebert and most of her Colorado primary competitors raised their hands to applause
▼ + stars: | 2024-01-26 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAt her first primary debate in the new district in Colorado that she's running for office in, Republican Rep. Lauren Boebert and five other candidates smiled and raised their hands when asked who'd ever been arrested. In it, as Boebert and the majority of her competition raised their hands, the crowd can be seen loudly cheering. VIDEO: Incredible moment in first GOP debate for CD4 as candidates are asked to raise their hands if they’ve been arrested…Six candidates raised their hands, including Lauren Boebert and Mike Lynch. At the end of December 2023, Boebert announced she'd run for reelection, though this time in the 4th Congressional District to try to replace outgoing Rep. Ken Buck.

Persons: —, Lauren Boebert, who'd, they’ve, Mike Lynch, — Chris Perez, Boebert, Adam Frisch, she'd, Ken Buck, 9News Organizations: Service, Republican, Business, Denver, Colorado Times, Fox, Democratic, Congressional, Congressional District Locations: Colorado, @yankee_MSU, Colorado's, Denver

But perhaps there's a lesson to be learned from Detroit's approach — and from the other three teams remaining in the NFL playoffs. The Lions, Ravens, 49ers and Chiefs have all reached this point after making significant investments at positions that aren't always prioritized around the league. He's the highest-paid running back in the league based on average annual value, according to overthecap.com. “The middle of our defense especially are great players,” Ravens defensive coordinator Mike Macdonald said. The Lions took Jack Campbell — a middle linebacker.

Persons: Dan Campbell, Jahmyr Gibbs, Sam LaPorta, “ I’m, Brad Holmes, it’s, ” Campbell, Gibbs, aren't, that's, Christian McCaffrey, McCaffrey, He's, ”, Kyle Shanahan, Jadeveon, Kyle Van Noy, Roquan Smith, Patrick Queen, Mike Macdonald, “, Kyle Hamilton, Tyler Linderbaum, Clyde Edwards, Joe Thuney, Jack Campbell —, He’s, Baltimore's Lamar Jackson, Nick Bosa, Fred Warner, Macdonald, Josh Dubow, Larry Lage, ___ Organizations: Detroit Lions, Lions, NFL, The Lions, Ravens, 49ers, Chiefs, Detroit, San, ” 49ers, Baltimore, ” Ravens, Bowler, Kansas City, Chiefs ’, San Francisco, AP Pro Football, AP Locations: San Francisco, Kansas, Detroit, Smith

☆ January’s full ‘wolf moon’ will brighten the night sky
▼ + stars: | 2024-01-25 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

CNN —The first full moon of the new year, known as the wolf moon, will shine in the night sky Thursday. A total solar eclipse occurs when the moon passes between Earth and the sun, completely blocking the golden orb’s face. Those within the path of totality, or locations where the moon’s shadow will completely cover the sun, will see a total solar eclipse. Instead, annular solar eclipses create a “ring of fire” in the sky as the sun’s fiery light surrounds the moon’s shadow. A lunar eclipse, which causes the moon to look dark or dimmed, occurs when the sun, Earth and moon align so that the moon passes into Earth’s shadow.

Persons: Buck, Lyrids, Capricornids Organizations: CNN, NASA, Lakota, American Meteor Society, Taurids Locations: Mexico, United States, Canada, South America, Europe, North, East Asia, Australia, Africa, North America, Earth’s, Asia

☆ We love to hate on LinkedIn. Audiences and ad dollars keep rolling in.
▼ + stars: | 2024-01-24 | by ( Jasmine Enberg | ) www.businessinsider.com time to read: +6 min

AdvertisementA few months later, Bloomberg gave the opposite assessment of the platform, declaring that "LinkedIn is cool now." In 2024, the platform is poised for more growth - and LinkedIn creators will play a major role in its development. Most of that content comes from LinkedIn creators, many of whom have built strong followings and some of whom are monetizing their audiences. "Cringe" can be lucrativeHeavy LinkedIn users aren't just older, they're also well-educated. While LinkedIn has long been central to B2B social marketing strategies, B2C marketers are increasing investment, driving up ad prices and spending.

Persons: Gen, Jasmine Enberg, —, Jordan Davis, I'm, Davis, Zers, they're, Snoop Organizations: Intelligence, Service, LinkedIn, Bloomberg, Facebook, Microsoft, Twitter, Pew Research Center

☆ How the superrich, like Walmart's Waltons, get richer by using trusts to give to charity and save on tax
▼ + stars: | 2024-01-23 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +7 min

If the calculations predict that the trust's remainder interest is zero, the beneficiaries are exempt from estate tax even if the assets actually appreciate by a greater amount. If the trust assets are invested and achieve an annual rate of return of 9% a year, the CLT's remainder will be $2.1 million. Advertisement"It's a fantastic low interest rate play," said Renn. "The problem now is rates have really risen and it's to the point where some investments clearly can outperform a 4% or 5% interest rate, but others might struggle." In this interest rate environment, charitable remainder trusts (CRTs) have better odds.

Persons: —, Jacqueline Kennedy Onassis, Walton, Lance Morgan, Ed Renn, I've, Renn, Dan Griffith, Griffith, CLTs, Onassis, Jennifer Galvagna, Michael Prinzo, they're Organizations: Service, Tax, Business, Bloomberg, Huntington Private Bank, Bank of America Private Bank Locations: Withersworldwide, CLTs, Israel, Palestine

☆ Remnants of life in ancient rocks reveal Earth had a rich ecosystem 3.4 billion years ago
▼ + stars: | 2024-01-22 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +4 min

Scientists have managed to extract evidence from an ancient fossil of early life on Earth. Studying these samples can reveal clues about life on Earth over 3.4 billion years ago. Life on Earth more than 3 billion years agoScientists think that life on Earth began around 4.3 billion years ago, but tracking down evidence dating back to that time is a difficult task. Still, by drilling straight into ancient rock, scientists have found peculiar, carbon-rich layers in several cores taken from around the world. And what they've found is that Earth was already teaming with life more than three billion years ago.

Persons: Frances Westall, Reinhardt, et, it's, Westall Organizations: Service, University of Göttingen, French National Centre for Scientific Research, New, Google, Research Locations: South Africa, Germany, Pilbara, Australia

DAVOS, Switzerland (AP) — Business and political elites descended on the Swiss Alpine snows of Davos to suss out “rebuilding trust” in a splintering world. If there’s any takeaway from the World Economic Forum's annual meeting — boldly touting that theme — it’s that we still have a long way to go. The idea is getting people together, and big announcements are often just a byproduct — not the aim. “It’s unrealistic to think that Davos — or any meeting, anywhere in the world — in one meeting can rebuild trust when it’s fragmented on so many dimensions," said Rich Lesser, chairman of Boston Consulting Group. But thousands of conversations between the social, private and public sectors help create "a starting point for rebuilding trust,” he said.

Persons: —, Rich Lesser, ”, bigwigs, Bill Gates, Agnès Callamard, craziness, Long, Volodymyr Zelenskyy, ” Zelenskyy, ” Pham Minh Chinh, vociferously, Benjamin Netanyahu, Antony Blinken, wasn't, Antonio Guterres, Masha Macpherson, David Keyton, Courtney Bonnell, Kelvin Chan Organizations: —, Boston Consulting, Nature Energy, “ Cooperation, Security, Amnesty, European Union, U.S, Israeli, ” Locations: DAVOS, Switzerland, Swiss, Davos, suss, Ukraine, U.S, India, South Africa, UKRAINE, Kyiv, Europe, United States, Britain, Israel, Gaza, Palestinian, Saudi Arabia, London

☆ Cramer's week ahead: Earnings from Procter & Gamble, Tesla, Lockheed Martin
▼ + stars: | 2024-01-19 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday told investors to gear up for a "fast and furious" slew of earnings reports next week that could lead to some profit-taking, including Procter & Gamble , Tesla and Lockheed Martin . Only if we still have plenty of people out there bad-mouthing the market and calling it dangerous and perilous," Cramer said. Tuesday is one of the busiest days of the week, with reports from Procter & Gamble , Verizon , 3M , Johnson & Johnson , RTX , Lockheed Martin , D.R. Cramer predicted Verizon will do well, but Procter & Gamble may not see a blowout quarter, perhaps creating a buying opportunity. He'll be waiting to hear about an increased defense budget from Lockheed Martin and said D.R.

Persons: CNBC's Jim Cramer, Tesla, Lockheed Martin, Cramer, Johnson, D.R, He'll, Horton, he'll, Williams Organizations: Procter & Gamble, Lockheed, United Airlines, Logitech, Verizon, Johnson, General Electric, Netflix, Procter, Gamble, Abbott Laboratories, Tesla, Lam Research, IBM, Union Pacific, Intel, Sherwin, PayPal, American Express, Norfolk Southern, Federal Reserve Locations: RTX, Horton, Colgate

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