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☆ The rich want to give their kids real estate and businesses to save on taxes but still control the family fortune. One neat trick: family-limited partnerships.
▼ + stars: | 2024-02-14 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +8 min

And yet, Walton's wife and children didn't have to pay a dime in estate tax. With an FLP, an individual — often a parent or two parents — pools their business assets, which are commonly real estate or stock. There are pragmatic reasons for keeping family business assets consolidated, according to Dan Griffith of Huntington Private Bank. Another sweetener: you can claim a discount on the assets within the FLP and use even less of your estate tax exemption. This would eliminate all gift and estate tax on the business even if the couple dies after the Trump tax cuts sunset.

Persons: —, Sam Walton, didn't, Donald Trump, Dan Griffith, –, Griffith, Robert Strauss, Weinstock Manion, Strauss, Edward Renn, Renn, Trump, that's, Katie Carlson Organizations: Service, Walmart, Business, Huntington Private Bank, IRS, Partners, Bank of, Trump

MONTGOMERY, Ala. (AP) — The Alabama Senate voted Wednesday to put a politically appointed board in control of the Alabama Department of Archives and History, a change proposed after some lawmakers were upset about the department hosting a lecture on LGBTQ+ history. State senators also approved legislation that would allow local government officials to dismiss library board members they appointed if they become displeased with their performance. He said the change would ensure board members are responsive to elected officials. Board members are selected by a vote of the trustees and confirmed by the Alabama Senate. Elliott said existing state law gives city councils the ability to appoint library board members but currently gives no mechanism for removal.

Persons: Sen, Chris Elliott, ” Elliott, “, Bobby Singleton, Elliott, ”, ” Singleton, Fred Gray, Rosa Parks Organizations: The Alabama, Alabama Department of Archives, Alabama, Representatives, Alabama Senate Locations: MONTGOMERY, Ala, Rosa, Montgomery

☆ Putin says a Biden presidency is better for Russia than a Trump one
▼ + stars: | 2024-02-14 | by ( Mariya Knight | ) edition.cnn.com time to read: +2 min

CNN —A Joe Biden presidency would be better for Russia than a Donald Trump one, Russian President Vladimir Putin told pro-Kremlin journalist Pavel Zarubin in an on-camera interview Wednesday. According to Putin, that war “could have been over a year and a half ago” if agreements during a meeting in Istanbul in March 2022 were kept. Putin didn’t specify what agreements he was referring to. I wasn’t only ready for that, I wanted that, because it would give me the opportunity to give tough answers back,” Putin said. “To be frank, I didn’t fully enjoy that interview,” he said.

Persons: Joe Biden, Donald Trump, Vladimir Putin, Pavel Zarubin, Zuribin, Putin, Biden, ” Putin, ”, Tucker Carlson, “ Organizations: CNN, Kremlin, Russia “, NATO Locations: Russia, Russian, Ukraine, Istanbul, Minsk

☆ How T.J. Maxx's polarizing food aisle lures shoppers into spending more
▼ + stars: | 2024-02-11 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

Some shoppers are skeptical about T.J. Maxx's food aisle and whether the products are good quality. AdvertisementThe internet doesn't know what to make of T.J. Maxx's food aisle. T.J. Maxx sources from vendors you've probably never heard ofGo to your local T.J. Maxx and chances are you'll find an aisle lined with pink Himalayan salt grinders, bottles of coffee syrup, and boxes of gourmet chocolates. Maxx's food is an "unplanned extra" that catches her eye on the way to the checkouts, she said. Maxx's food is an "unplanned extra" that catches her eye on the way to the checkouts.

Persons: Maxx, —, TikTok, It's, Grace Dean, Aneesha Sherman, Bernstein, Sherman, Fiona Fitzpatrick, Fitzpatrick, T.K, they've, Maxx doesn't, you've Organizations: Service, Maxx, Business Locations: Maxx, Spain, British

Michelle Lujan Grisham has advocated for a more robust spending package, a 10% annual spending increase that would shore up housing opportunities, childhood literacy and health care access. Senate budget amendments apply $75 million in state matching funds to the effort. Under another $1.5 million budget provision, New Mexico would for the first time help compensate landowners and agricultural producers when wolves are confirmed to have killed livestock or working animals. The fund underwrites an array of conservation programs at state natural resources agencies, from soil enhancement programs in agriculture to conservation of threatened and big-game species. The Legislature's budget bill would place $512 million in the trust.

Persons: Michelle Lujan Grisham, Sen, George Muñoz, ” Muñoz, Biden, ”, Nathan Small Organizations: SANTA FE, Texas, New, New Mexico Gov, Democratic, Gallup, ” Locations: SANTA, New Mexico, Las Cruces

LOS ANGELES (AP) — Denis Villeneuve doesn’t feel like he came back to Arrakis for “Dune: Part Two.” In his mind, he never left. Photos You Should See View All 21 Images“We all walked at the beginning into this project feeling confident,” Villeneuve said. “Dune: Part Two” cost a reported $122 million to produce and is arriving in theaters not a moment too soon. Christopher Nolan recently compared it to “The Empire Strikes Back.” Villeneuve demurred, but the internet went wild. “I think that’s the way movies will survive.”

Persons: — Denis Villeneuve doesn’t, ”, Frank Herbert’s, David Lean, Alejandro Jodorowsky, David Lynch, ” Villeneuve, Greig Fraser, they’d, Timothée Chalamet’s Paul Atreides, Paul, Jessica, Rebecca Ferguson, Villeneuve, Chalamet, “ Denis, ” Chalamet, “ It’s, Josh Brolin, Sicario, Gurney Halleck, Coen, I’ve, ” Brolin, it's, “, he’s, Hans Zimmer, ’ ” Villeneuve, it’s, Christopher Nolan, ” Nolan, Herbert Organizations: ANGELES, Associated Press Locations: Arrakis, Budapest, Wadi Rum, Abu Dhabi, ”, Hollywood

☆ Opinion | The Challenges of an Aging President
▼ + stars: | 2024-02-09 | by ( The Editorial Board | ) www.nytimes.com time to read: +2 min

Because of his age and his determination to run for a second term, President Biden is taking the American public into uncharted waters. He is the oldest person ever to serve as president, is the oldest ever to run for re-election and, if he is successful, would be 86 at the end of his tenure. Ronald Reagan, by comparison, was an unprecedented 77 when he ended his second term in 1989. A remarkably broad swath of the American public — both Mr. Biden’s supporters and his detractors — have expressed increasing doubts about his ability to serve for another five years because of his age. His assurances, in other words, didn’t work.

Persons: Biden, Ronald Reagan, Biden’s, —, Nate Cohn, Biden’s ‘, ’, Robert K, Mr, Hur, snappish, teleprompters, Donald Trump Organizations: “, Times, Mr Locations: Siena

☆ 23andMe considers splitting up company to revive stock price
▼ + stars: | 2024-02-08 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +3 min

Shares of 23andMe sank 21% on Thursday, a day after the genetic testing company reported dismal fiscal third-quarter results and discussed splitting itself in two to help juice its stock price. 23andMe reported revenue of $45 million for the quarter, down from the $67 million it reported in the same period last year. The five-time CNBC Disruptor 50 company went public in 2021 via a merger with a special purpose acquisition company, a deal that valued the company at around $3.5 billion. The company has launched additional therapeutics and research businesses, but its share price has tumbled more than 95% from its peak. They lowered their target price for the stock to 85 cents from 90 cents.

Persons: 23andMe, Anne Wojcicki, Sergey Brin, Forbes, Joe Selsavage, Selsavage Organizations: TechCrunch, 23andMe, Nasdaq, U.S . Securities, Exchange Commission, CNBC Disruptor, Citi, CNBC PRO Locations: San Francisco , California, 23andMe

☆ Wall Street thinks these 2 tech giants could be next to issue dividends after Meta
▼ + stars: | 2024-02-07 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Coupled with a knockout fourth quarter, the Club stock soared more than 20% on Friday — adding a single-session record $205 billion in market value. In addition to dividends, companies also use cash to buy back their stocks. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Goldman Sachs, Meta, Goldman, Jim Cramer's, they've, Jim Cramer, Jim Organizations: Club, Meta, Amazon, Jim Cramer's Charitable Trust, CNBC, Trust, Apple, Microsoft, Nvidia

It's a story increasingly familiar in the energy industry: Some utility companies don't properly assess the risks wildfires pose to their operations. The primary purpose is to prevent power lines from igniting a wildfire during periods of high fire danger. The lawsuit also alleges the company "inexcusably kept their power lines energized during the forecasted high-fire danger conditions." A PG&E utility worker locates a gas main line in the rubble of a home burned down by wildfire in Paradise, California, Nov. 13, 2018. Several of those agencies track statewide wildfire information, but most did not keep track of the names of utility companies associated with wildfire incidents.

Persons: Michelle Glogovac, Glogovac, Laurie Allen, Brent Jones, Allen, Jones, inexcusably, Michael Wara, Shelee Kimura, Yuki Iwamura, David Pomerantz, Pomerantz, Patti Poppe, It's, JOSH EDELSON, Warren Buffett's, Stanford's, CNBC's Brian Sullivan, David Paul Morris, Institute's Pomerantz, Tama Organizations: CNBC, Electric, Energy, Stanford University, Hawaiian Electric, AFP, Getty, Policy, Policy Institute, NV Energy, Warren Buffett's Berkshire Hathaway Energy, Bloomberg, Getty Images Locations: Paradise , California, Lahaina , Hawaii, Hawaii, Maui, Maui County, Lahaina, California, Nevada, Warren, — Arizona, California , Colorado, Hawaii , Montana , Nevada , New Mexico , Oregon , Utah, Washington, Arizona , New Mexico, Utah

☆ Snap's new mass layoffs hit teams across tech, trust and safety, and an internal analytics team aiding DEI efforts
▼ + stars: | 2024-02-05 | by ( Kali Hays | ) www.businessinsider.com time to read: +3 min

Snap's new mass layoff impacted workers in a range of roles across the company. Another perceived Snap in recent months as a company in "managed decline." C-suite executives who were hired or promoted, like Jerry Hunter and Jeremi Gorman, respectively, to build up and manage Snap's business, are gone and are not being replaced, as CEO Evan Spiegel is taking on oversight of the business. Engineering leaders, too, left the company in recent months. Snap has hired some new executives, like Patrick Harris, Ronan Harris, Darshan Kantak and Eric Young, but none are in the c-suite.

Persons: Evan Spiegel, Snap's, Spiegel, Jerry Hunter, Jeremi Gorman, Patrick Harris, Ronan Harris, Darshan Kantak, Eric Young Organizations: Business, Workers, Monday, BI, Meta, Apple, Engineering Locations: North America, California

☆ GOP Senate candidate David McCormick has up to $2.2 million in a 'dynasty trust' that allows him to evade wealth taxes — potentially forever
▼ + stars: | 2024-02-05 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

He also holds up to $2.2 million in something called a "dynasty trust." Somewhere between $1.1 million and $2.25 million are held in an account called "David H McCormick 2020 Dynasty Trust." A dynasty trust is essentially a pot of money often used by the ultra-rich to pass wealth down to future generations without incurring certain wealth taxes. In Pennsylvania — where McCormick owns a home and is running for Senate — dynasty trusts can last forever. $37,000 on private jet flights in recent monthsBeyond the dynasty trust, there are other aspects of McCormick's wealth that raise eyebrows.

Persons: Dave McCormick, —, who's, It's, McCormick, Democratic Sen, Bob Casey, David H McCormick, whittle, Pennsylvania — Organizations: Service, Bridgewater, GOP, Republicans, Democratic, US, Business, Credit Suisse, Senate Locations: Pennsylvania, In Connecticut, South Dakota, Swiss, Connecticut

☆ Opinion | The Reasons for Covid Vaccine Hesitancy
▼ + stars: | 2024-02-04 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “Covid Vaccine Hesitancy Is Getting Worse,” by Danielle Ofri (Opinion guest essay, Jan. 31):Unfortunately, Dr. Ofri’s language here embodies the misguided approach that too many in the medical community have taken during and after the pandemic, severely eroding our patients’ trust in public health. Reasonable people can disagree about the utility of Covid vaccine boosters in otherwise healthy adults. Indeed the World Health Organization is not recommending updated Covid boosters for otherwise healthy adults or children. Thus, the almost 80 percent of American adults who chose not to get boosted this winter are not suffering from the “heebie-jeebies.” They are making a rational decision that is in line with that made by European health agencies that likewise don’t support universal Covid boosters (a policy that, in my mind, is strongly supported by the current scientific evidence). To suggest otherwise is harmful to the trust we physicians are trying to restore with our patients after the pandemic.

Persons: Danielle Ofri, Jan Organizations: World Health Organization

Biden's support among Black voters has waned considerably since he assembled his winning coalition four years ago. Lackluster turnout among Black voters in South Carolina’s primary could signal a broader dip in enthusiasm. Biden will need to energize Black voters in the key swing states of Georgia, Michigan, Wisconsin and Pennsylvania. South Carolina school districts reported over 1,600 teacher vacancies at the beginning of the 2023-24 school year, a 9% increase from the year before, according to a report from the South Carolina Education Association. Joshua Singleton, a 19-year-old sophomore at South Carolina State, shared the sentiment: “We should have, you know, younger presidents to represent us."

Persons: Democrats ’, Joe Biden, What’s, Biden, That’s, Donald Trump, Kamala Harris, Moore, “, Olivia Ratliff, ”, Ratliff, Kailyn Wrighten, Wrighten, —, we’ve, Sheridan Johnson, Johnson, Laverne Brown, there’s, — Biden, Charles Trower, Joshua Singleton, Seth Whipper, ” Biden, Harris, Tony Thomas, Saundra, Austin Nichols, ” Nichols, ” LaJoia Broughton, Broughton, don’t, Dr, Byron L, Benton, Joseph Biden, Emily Swanson, Jonathan Logan Organizations: —, Democrats, Democratic, Black, AP, Associated Press, NORC, for Public Affairs Research, Republican, South Carolina State University, Supreme, South Carolina Education Association, Biden, South Carolina State, Trump, America, Moriah Missionary Baptist Church, Mother Emanuel AME Church, Jonathan Logan Family Foundation Locations: CHARLESTON, S.C, South Carolina, South, Georgia , Michigan, Wisconsin, Pennsylvania, Columbia, Orangeburg, Charleston, Carolina, American, U.S, Blythewood , South Carolina, “, Blythewood, North Charleston

☆ I've been an expat for 20 years. Facebook has been at the center of both the best and worst parts of my life abroad.
▼ + stars: | 2024-02-02 | by ( Nicola Prentis | ) www.businessinsider.com time to read: +5 min

At that point, I could see that the problem wasn't Facebook. Those Facebook groups gave me a real writing career that has allowed me to stay afloat through single motherhood as an expat. The advice I get from Facebook groups is often better and faster than I get from the accountant I have on retainer. Sometimes, my Facebook expat network and work collide, like the time I bought a secondhand kids' bike, and the seller's husband became my favorite content writing client ever. AdvertisementIf I moved again, I'd join a few Facebook local groups with the word "expat."

Persons: —, I'd, He'd, Nicola Prentis, I'm, cutie, Tobey, hadn't Organizations: Service, Business, Facebook, Cosmopolitan Locations: Istanbul, Turkish, Madrid, Spain, Girona, Barcelona, Brisbane, Australia

☆ Morning Meeting rapid-fire: Clorox, Tesla, Bristol-Myers, Abbvie, Exxon and Chevron
▼ + stars: | 2024-02-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorning Meeting rapid-fire: Clorox, Tesla, Bristol-Myers, Abbvie, Exxon and ChevronJim and Jeff discuss some stocks outside of the Trust that have reported earnings and made market moves.

Persons: Chevron Jim, Jeff Organizations: Myers, Exxon, Chevron, Trust Locations: Bristol, Abbvie

☆ Google cofounder Larry Page quietly bought a Puerto Rico island for $32 million, records show
▼ + stars: | 2024-02-01 | by ( Hugh Langley | ) www.businessinsider.com time to read: +7 min

The Google cofounder purchased Cayo Norte, a large private island in Puerto Rico, in 2018, according to documents reviewed by Business Insider. Cayo Norte sits about 20 nautical miles east of Puerto Rico and just northeast of Culebra, another island that forms an archipelago. Cayo Norte is known for its white sandy beaches, surrounding coral reefs, and preserving a refuge for endangered sea turtles. Google cofounder Larry Page bought Cayo Norte, an island in Puerto Rico. Page purchased the Lollik islands, which sit 23 miles east of Cayo Norte, in 2014 for $23 million, BI previously reported.

Persons: —, Larry Page, Page, Lucinda Southworth, Cristina Rosado, Southworth, Dan Shelley, Hugh Langley, Shelley, Louis Padrón, Richard Gautier, Wayne Osborne, Great Hans Lollik, Hans Lollik, Osborne, Lucinda Southworth C, Mary Ann Lucking, Lucking, Sergey Brin, Kimberly White, Sundar Pichai, Brin, Kitty Hawk Organizations: Service, Google, Business, Virgin Island Properties, US Virgin, BI, LLC, Area, Cayo Norte, SVI Investments, Virgin Islands Locations: Cayo Norte, Puerto Rico, Caribbean, US, Puerto Rico's Fajardo, Cayo, Culebra, SVI, Padrón, Virgin, Great, Conservation, Kimberly White Cayo

Fox held separate pre-Iowa town halls for DeSantis and Haley, but at 6 p.m. before prime time. Frustration boiled over when DeSantis' campaign manager, James Uthmeier, felt that a Fox graphic didn't show the extent of the candidate's appearances in Iowa. Asked by Ainsley Earhardt if she would withdraw if she lost New Hampshire, Haley said she would not. “I don't care how much y'all want to coronate Donald Trump,” Haley said. “I don't need any advice from RINO Kayleigh McEnany on Fox,” Trump wrote on Truth Social, referencing the conservative slur Republican in Name Only.

Persons: Donald Trump, Nikki Haley, Ron DeSantis, DeSantis, Haley, Trump, Kayleigh McEnany, It's, Brian Stelter, questioners, ” Trump, He's, ”, Erick Erickson, Bret Baier, Martha MacCallum, —, Fox, surrogates, James Uthmeier, “ Fox, ” Uthmeier, Fox’s Laura Ingraham, she’s, ” Ingraham, “, Brian Kilmeade, Ainsley Earhardt, Kilmeade, ” Haley, that's, ” Kilmeade, ” Erickson, “ They've, I've, DeSantis aren't, Chris Sununu, Fox's Harris Faulkner, Sununu, Joe Biden, ” Sununu, ” Faulkner, Jean Carroll, Fox's, Biden, RINO, Steve Doocy, ” Fox, “ Trump, ” ___ David Bauder Organizations: Fox News, Republican, Fox, White House, DeSantis, Trump, CNN, Twitter, GOP, “ Fox, New, America, New Hampshire Gov, FOX, Voting Systems, MSNBC, New York Times, Truth, Friends, Associated Press Locations: Florida, Trump, Fox's, Iowa, Fox, weren't, New Hampshire, New York

Police said Wednesday that they charged Justin Mohn, 32, with first-degree murder and abusing a corpse after he beheaded his father, Michael, in their Bucks County home and publicized it in a 14-minute YouTube video that anyone, anywhere could see. YouTube, which is owned by Google, did not attend the hearing despite its status as one of the most popular platforms among teens. Major social media companies moderate content with the help of powerful automated systems, which can often catch prohibited content before a human can. Despite the obstacles, social media companies need to be more vigilant about regulating violent content, said Jacob Ware, a research fellow at the Council on Foreign Relations. “The reality is that social media has become a front line in extremism and terrorism,” Ware said.

Persons: Justin Mohn, Michael, —, Pete Feeney, ”, Alix Fraser, Brian Fishman, it’s, Mohn, Michael Jensen, Jacob Ware, ” Ware, “ That’s, ” Nora Benavidez, Beatrice Dupuy, Mike Balsamo, Mike Catalini Organizations: YouTube, . Police, Islamic State, Meta, Google, Buffalo , New York —, Halle . Middletown, Halle . Middletown Township Police, Council, Responsible Social Media, Global, Counter, Twitter, University of Maryland, Foreign Relations, Free Press, Associated Press, AP Locations: Pennsylvania, Bucks, Louisville , Kentucky, Memphis , Tennessee, Buffalo , New York, Christchurch , New Zealand, Halle ., Halle . Middletown Township, Gaza, Ukraine, U.S, New York, Levittown , Pennsylvania

☆ QAnon-linked legal fund spent $400,000 defending Trump allies, new filing shows
▼ + stars: | 2024-01-31 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Former U.S. President Donald Trump speaks to a crowd during a campaign rally on September 25, 2023 in Summerville, South Carolina. A fund intended to pay the legal bills of former president Donald Trump's allies backed chiefly by reported QAnon supporters has spent nearly $400,000, the bulk of which went to a single law firm, new records showed Wednesday. The Patriot Legal Defense Fund received more than $1.5 million between its creation in mid-July and the end of December, according to documents filed with the Internal Revenue Service. Of the total spent by the group, $221,000 went to the firm Brand Woodward Law, mostly in the form of professional and legal fees. Another $150,000 from the fund went to the law firm Gibson, Dunn and Crutcher for the nondescript purpose of "services rendered," the IRS filing shows.

Persons: Donald Trump, Donald Trump's, QAnon, Brand, Gibson, Dunn, Crutcher, Trump, Susie Wiles, Michael Glassner, Caryn, Caryn Borland, Michael Borland, Mike Pence, Michael Organizations: U.S, Patriot Legal Defense Fund, Internal Revenue Service, Brand Woodward Law, IRS, The New York Times, QAnon, Trump, Associated Press, CNBC Locations: Summerville , South Carolina, Montana

US Homeland Security Secretary Alejandro Mayorkas testifies during a Senate Homeland Security and Government Affairs Committee hearing on Capitol Hill in Washington, DC, on October 31, 2023. WASHINGTON — Members of the House Homeland Security Committee are meeting Tuesday to discuss the Republican-led impeachment articles against Homeland Security Secretary Alejandro Mayorkas. House Republicans accuse Mayorkas and the Biden administration of disregarding federal laws on immigration and seek to make Mayorkas the second Cabinet official impeached in U.S. history. According to the first impeachment article set forth by House Republicans, Mayorkas "has willfully and systemically refused to comply with Federal immigration laws." The second impeachment article accuses him of breaching the "public trust" and "knowingly" obstructing "lawful oversight of the Department of Homeland Security."

Persons: Alejandro Mayorkas, Mayorkas, Biden, systemically, Mark Green, Donald Trump, Green, Mayorkas's, Bennie Thompson, Thompson, —, Michael McCaul, Marjorie Taylor Greene, … We're, MAGA, Dan Goldman, Goldman, Joe Biden, President Trump, Glenn Ivey, impeaching, I've, Don Bacon, Nick LaLota, He's, … He's, LaLota, — Rebecca Kaplan Organizations: Homeland, Senate Homeland Security, Government, Capitol, WASHINGTON —, House Homeland Security, Republican, Republicans, House Republicans, Department of Homeland Security, Homeland Security, Rep, Congress, United, Constitution, Mayorkas, DHS, Democrats Locations: Washington ,, U.S, Texas, D, New York, Cuba

☆ Boeing's 737 Max 9 jet is flying again. Here's what experts say about its safety.
▼ + stars: | 2024-01-30 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

Read previewOn January 5, an Alaska Airlines 737 Max 9 door plug broke off shortly after takeoff from Portland International Airport, leaving a gaping hole in the jet's fuselage. The Federal Aviation Administration quickly grounded 171 other Max 9 planes with the same door plug, mostly flown by United Airlines and Alaska. Four critical bolts used to secure the door plug were missing from the jet when it left Boeing's assembly line, The Wall Street Journal reported, representing a massive quality control lapse. Not all experts agree on the Max 9's safetyThe Alaska Airlines Boeing 737 MAX 9. AdvertisementAccording to the Washington Post, the travel booking website Kayak said its filter for the 737 Max significantly increased in the days after the incident.

Persons: —, Max, Constance von Muehlen, Ingrid Barrentine, Mike Whitaker, Henry Harteveldt, Ed Pierson, I've, Joe Jacobsen, Harteveldt, Richard A, Brooks, Anthony Brickhouse, Brickhouse Organizations: Service, Alaska Airlines, Portland International Airport, Federal Aviation Administration, United Airlines, Street Journal, Business, CNN, FAA, Boeing, Spirit Airlines, Panama's Copa Airlines, Copa, Reuters, Atmosphere Research, Alaska Airlines Boeing, National Transportation, Alaska Max, Washington Post, LA Times, Southwest Airlines, Japan Airlines, Getty, Riddle Aeronautical University, Japan Airlines Airbus, NTSB Locations: Alaska, United , Alaska, United, AFP

☆ 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

LOS ANGELES (AP) — A judge on Monday rejected Cher's request that her adult son be put into a court conservatorship controlling his money. Political Cartoons View All 253 Images“We are thrilled that the court saw that he does not need a temporary conservatorship,” Allman’s lawyer said as he stood alongside him outside the courthouse. “He’s got a lot of support, he’s doing great.”Cher's attorneys argued that the support Allman was getting was from people who tell him what he wants to hear and downplay the size of his problems. Blue and his attorneys have consistently argued since the petition was first filed in December that none of this is true. Cher's attorneys said that she was not necessarily seeking any direct control over Allman's money, and would be happy to have a court-appointed fiduciary manage his finances.

Persons: —, Elijah Blue, Gregg Allman, Jessica A, Uzcategui, Cher, Allman, ”, “ He’s, he’s, conservatorships, Britney Spears Organizations: ANGELES, Angeles Superior

☆ Comparing Google searches with AI: Here's what you need to know
▼ + stars: | 2024-01-29 | 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 EmailComparing Google searches with AI: Here's what you need to knowCNBC's Deirdre Bosa joins 'The Exchange' to report how Google searches might get disrupted, the trustworthiness of information from generative AI, and more.

Persons: Deirdre Bosa

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