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The shutdowns of 2020 created a perfect storm for the housing market — and supercharged the clash between Wall Street and regular homebuyers. Given the attention these markets received during the pandemic, it's no wonder that the battle between Wall Street and Main Street became the dominant story of COVID-era homebuying. Advertisement"If Wall Street was really gobbling up Main Street," Sharga told me, "we would see homeownership rates go down." Wall Street landlords have also been increasingly selling off homes to regular people, a Business Insider analysis found. Still circlingWhile average homebuyers have staged a comeback over the past three years, Wall Street isn't ready to jump out of the housing market altogether.
Persons: homebuyers, That's, Wall, elbowed, Rick Sharga, CJ Patrick Company, they're, who've, Axios, Sharga, CoreLogic, Pretium —, John Voorheis, Voorheis, , Freddie Mac, James Rodriguez Organizations: Rage, Federal Reserve Bank of Philadelphia, Parcl Labs, Labs, National Association of Realtors, Wall Street, Investor, Wall, Tricon, Associates, Investors, Center for Economic Studies, Census Locations: Phoenix, Chicago, homebuilders, homeownership, Dallas, Charlotte, North Carolina, Atlanta
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Shein IPOFast-fashion retailer Shein has confidentially filed to go public in the U.S. and is moving ahead with its long-awaited IPO, CNBC has learned. The last danceTikTok parent ByteDance is cutting hundreds of jobs in its gaming division, Nuverse, a person familiar with the matter told CNBC. CNBC Pro identifies where to get the biggest bang for your idle buck as 2023 winds down.
Persons: Shein, Binance, Brian Armstrong, Armstrong, Tencent, Nuverse, Haitham Al Ghais Organizations: National Retail Federation, CNBC, Dow Jones, Nasdaq, U.S . Department of Justice, U.S, Bank, of Petroleum, United Nations, United Arab, Federal Locations: New York, U.S, China, Iran, United Arab Emirates
Getty ImagesWhen filing your taxes, you claim the larger of the standard deduction or your total itemized deductions. In 2018, the Tax Cuts and Jobs Act nearly doubled the standard deduction, slashing the number of filers who itemized. For 2023, the standard deduction is $13,850 for single filers and $27,700 for married couples filing jointly. Give profitable assetsWhether you're transferring money to a donor-advised fund or giving directly to a charity, experts recommend sending profitable assets, rather than cash. Bunching donationsAnother way to exceed the higher standard deduction is by bunching donations, which is a popular strategy for donor-advised funds, experts say.
Persons: Juan Ros, Michael Maye, Maye, bunching, Mitchell Kraus Organizations: Financial Management, Financial, MJM Financial, Capital Intelligence Associates Locations: Thousand Oaks , California, Gillette , New Jersey, Santa Monica , California
With that in mind, we're keeping track of all the best Cyber Monday gaming laptop deals right here. Some of the best Cyber Monday gaming laptop deals we've found include the Dell G15, which is one of our picks for the best budget gaming laptop, down to only $1,000. These Cyber Monday gaming laptop deals are set to remain active until midnight, so if you see a discount you like, you should act fast. Best Cyber Monday gaming laptop dealsLowest Price Dell G15 $999.98 $1,299.00 Save 23% With powerful hardware and a vibrantly bright screen, the Dell G15 is one of the best budget gaming laptops on the market. Cyber Monday gaming laptop FAQsIs Cyber Monday a good time to buy a gaming laptop?
Persons: you've, they're Organizations: Dell, Razer, Intel, AMD, Nvidia
Neither of the weekend’s top new releases — “Wish” and Ridley Scott’s “Napoleon” — could keep up with Lionsgate's “Hunger Games” prequel. With an estimated budget of $200 million, “Napoleon” may still have a long road to reach profitability for Apple, which partnered with Sony to distribute “Napoleon” theatrically. “Wish," at least, is faring better than Disney’s Thanksgiving release last year: 2022's “Strange World" bombed with a five-day $18.9 million opening. Alexander Payne's film starring Paul Giamatti as a boarding school instructor made $3.8 million over the five-day weekend. Ticket sales overall reached $172 million in U.S. and Canada theaters over the five-day holiday weekend, according to Comscore.
Persons: , Ridley Scott’s “ Napoleon ” —, Lionsgate's, Panem, Napoleon ”, Joaquin Phoenix, Vanessa Kirby, Joséphine de Beauharnais, Napoleon, Martin Scorsese’s, “ Napoleon ”, “ Ralph, Coco ”, Chris Buck, Jennifer Lee, Ariana DeBose, Chris Pine, Critics weren't, , Paul Dergarabedian, We're, , Barry Keoghan, Jacob Elordi, Bradley Cooper's, Maestro ”, Alexander Payne's, Paul Giamatti, Comscore, “ Napoleon, “ Taylor Swift Organizations: Walt Disney Co, Rotten, Apple Studios, Apple, Sony, Disney, Marvel, DreamWorks, Universal Pictures, Amazon, MGM, Netflix, it's, Locations: Waterloo, Oxford, Canada
(AP) — A Nebraska woman bagged a marriage proposal earlier this month along with a big buck during a recent deer hunting trip. “Everybody has been saying they would marry him, too, if he let them shoot this big of a deer,” Camenzind, 28, who lives in Omaha, told the Omaha World-Herald. Then Bures told Camenzind that he wanted a professional photographer to take some pictures to commemorate the big moment. Bures said he got the idea after a friend made a similar proposal during a hunting trip to Alaska. “I don’t know if they were more shocked we got engaged or the size of the deer,” Camenzind said.
Persons: Samantha Camenzind's, Camenzind, Cole Bures, Bures, ” Camenzind Organizations: Locations: OMAHA, Neb, Nebraska, Lincoln, Omaha, Filley , Nebraska, Alaska
According to money market tracker Crane Data , the average yield of the 100 largest money market funds is 5.19%. Money market funds vs. money market accounts Not to be confused with money market accounts (and other types of deposit accounts), money market funds are low-risk investments — and as such, they are not backed by the Federal Deposit Insurance Corporation (FDIC). Forbes put together a list of top money market funds from some of the biggest brokerages in the nation. To be sure, as CNBC Select points out, there are high-yield savings and money market accounts out there with yields approaching those from money market funds. But we want to emphasize that these were rare events and money market funds are considered very low-risk investments.
Persons: Jim Cramer, Louis P, Forbes, you'll, Jim Cramer's, Jim Organizations: Federal Deposit Insurance Corporation, CNBC, Jim Cramer's Charitable, New York Stock Exchange, Bloomberg, Getty Locations: New York, U.S
Take Five: Warming up this winter
  + stars: | 2023-11-24 | by ( ) www.reuters.com   time to read: +6 min
1\BUCK UP, IT'S DECEMBERThe dollar is heading for its weakest monthly performance for a year, with a loss so far of 2.7%. On Thursday, China releases official manufacturing PMI data, which last month showed an unexpected contraction, killing momentum for an economic recovery. COP28 gets underway in Dubai and securing an agreement on how to tackle global warming and, crucially, how to pay for it looks as difficult as ever for the near 200 countries and institutions attending. Reuters Graphics5\THE ECB'S BALANCING ACTEuro zone inflation data on Nov. 30 may well confirm a trend of price rises moderating. Policymakers remain wary of any hopes for rate cuts spilling over into increased bank lending and household spending, renewing inflationary pressures.
Persons: Lewis Krauskopf, Kevin Buckland, Naomi Rovnick, Marc Jones, Amanda Cooper, it's, Joshua Roberts, Sultan Ahmed Al Jaber, Christine Lagarde, Pasit Kongkunakornkul, Sumanta Sen, Kripa Jayaram, Vineet Sachdev, Prinz, Toby Chopra Organizations: BUCK, IT'S, Federal Reserve, Reuters, REUTERS, COP28, World Bank, European Central Bank, Thomson Locations: China, Dubai, Lewis, New York, Tokyo, London, Washington , U.S, UAE
A friend suggested substitute teaching as a way to get extra income in a way that fits my schedule. The pay isn't great, but every little bit helps, and it's nice getting involved in my kids' schools. Substitute teaching is the perfect side hustle for meA friend suggested substitute teaching to me this summer when I was spinning in pre-holiday financial anxiety. But the difference is that, unlike volunteer PTA work, substitute teaching will also pay for my family's Christmas. I'm sure I'll have less time and more money someday, and substitute teaching will be the necessary trading card.
Persons: , I've, it's, we've, you've, we'll, I'm Organizations: Service, PTA
AdvertisementLots of my residential design clients become Christmas decorating clientsAt first, I started working out of my home. It's usually, "We want to do Christmas really big this year" or "We're having a party and we want our home to look really nice." A Christmas tree that Warren designed. Jarrod EstesIf they are going to hire me, they want to get the most bang for their buck, and for 99% of people, that means a decorated Christmas tree. Warren and a Christmas tree she designed.
Persons: Courtney Warren, Warren, , Courtney Warren Home, I've, It's, Courtney, Jarrod Estes, they're, it's, Warren ., we've, couldn't, haven't, I'm Organizations: Service, Dallas metroplex Locations: Dallas, New York, Texas
Shoppers compete for the best deals on merchandise and retailers compete for consumer dollars. Here's how to strategize to score the best deals, according to experts. One of the biggest open secrets in the travel industry is that the best deals on airfare aren't on advertised deals — it's the ones that are running in the background," says Scott Keyes, founder of Going.com. "Advertised sales that are slightly better than normal are nowhere near the best deals that you tend to see on flights." In the past, Air New Zealand has offered Black Friday weekend deals on flights to Australia and New Zealand.
Persons: Julie Ramhold, it's, Ramhold, It's, Scott Keyes, Keyes Organizations: Black, DealNews.com, Air New Zealand, Discount, Bee Locations: Palm Springs, Maldives, U.S, Australia, New Zealand, Emirates, Athens, Milan, Paris, French Polynesia
CNN —More than 70 years after Disney had a cricket sing about wishing upon a star, “Wish” picks up that theme, in an animated movie that desperately wants to thaw out some of the studio’s “Frozen” magic. Hailing from members of that movie’s creative team, “Wish” doesn’t quite reach the stars, but it does shine intermittently while introducing another plucky teenage female heroine, gamely voiced by Ariana DeBose. The movie does however celebrate the power of wishes, and in the process, decades of Disney history. By that measure, “Wish” mostly delivers – a credible addition to Disney’s long filmography, even if it’s not exactly a dream come true. “Wish” will offer early-access screenings on November 18 and open wide in US theaters on November 22.
Persons: , gamely, Ariana DeBose, Julia Michaels, Benjamin Rice, Bruno, Asha, , King Magnifico, Chris Pine, Chris Buck, Fawn Veerasunthorn, “ Raya, Jennifer Lee, Allison Moore, , Alan Tudyk’s, Valentino, it’s, Indiana Jones Organizations: CNN, Disney, Locations: Rosas, , Magnifico
U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. Deutsche Bank's CVIX (.DBCVIX) - the currency market's version of Wall St's "fear index" of stock volatility and a weighted average of implied "vol" in nine major pairings - has basically imploded. By driving short-term dollar cash rates and U.S. bond yields higher over the past 20 months, the Fed basically sucked cash from the wider investment world and supercharged dollar exchange rates everywhere. Now that it looks done, the buck's finally on the back foot - plumbing levels not seen since August. With implied volatility directionally biased, the dollar index and the CVIX are typically well correlated and both peaked in tandem in same month of September last year.
Persons: Dado Ruvic, Deutsche Bank's, Chris Turner, Francesco Pesole, BOJ, BOE, Marcelli, Morgan Stanley, Matthew Hornbach, David Evans Organizations: REUTERS, Deutsche, U.S, ING, Graphics Reuters, Reuters, Bank of Japan, European Central Bank and Bank of England, ECB, UBS Global Wealth, Treasury, Thomson Locations: Ukraine, U.S . Federal, Japan, U.S
Argentina's new president Javier Milei wants to adopt the US dollar to tame sky-high inflation. There's a major problem with his plan to revive the ailing South American economy. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRight-wing economist Javier Milei won Argentina's presidential runoff Sunday – and that means the country could soon ditch the peso for the US dollar. Under the president-elect's plan, the government would scrap the peso and replace it with the dollar.
Persons: Javier Milei, doesn't, , Milei, Mary, Read, John Hopkins, Steve Hanke, Guillermo Ortiz, Nora Mazzini, Lucila Bonilla Organizations: Service, Central Bank of, US Federal Reserve, International Monetary Fund, Bank, Reuters, Bloomberg, Bank of Mexico, Economics, Oxford Economics Locations: Central Bank of Argentina, Ecuador, El, Panama, Argentina, Mar del Plata, Argentine
Lenovo's Next UX (user experience) team is one such group. "Our team gets to research and explore what's possible and what best empowers Lenovo users, and we share recommendations across the enterprise." Developing a modular PCYears ago, the Next UX team considered a maximally repairable PC concept called Project Aurora. And visionary, data-driven recommendations and the voices of our customers, users, and partners, continue to inform powerful innovation at Lenovo. Learn more about Lenovo's user experience solutions here.
Persons: Lincoln Hancock, Hancock, , they've, Dilip Bhatia, what's, Alden Rose, Rose Organizations: Lenovo, COVID, Lenovo's, Technology, Next, Insider Studios
The Camden County Sheriff's Office hired him nine months later. His file shows Aldridge was disciplined for using unnecessary force in February 2014 and May 2017. The department fired Aldridge for his third infraction just three months later. “It's just not worth the risk.”Bessent and other advocates say it’s an example of Camden County Sheriff Jim Proctor tolerating unnecessary violence. After one car crashes, body and dash camera video shows Aldridge shouting expletives as he approaches with his gun drawn.
Persons: Buck Aldridge, Leonard Cure, Aldridge, , Timothy Bessent Sr, Neill Franklin, they’re, Franklin, “ It's, ” Bessent, Camden County Sheriff Jim Proctor, Proctor, Larry Bruce, Jarrett Hobbs, Hobbs, jailers, “ You’ve, Harry Daniels, Christine Newman, Newman, Robert Persse, Louis Dekmar, Dekmar, Mike Spiers, “ Buck Aldridge, Adrienne Browning, , Cure, That's, Thaddeus Johnson, ” Johnson, expletives, Johnson Organizations: Camden County sheriff's, The Associated Press, Sheriff's Office, Georgia Bureau of Investigation, Camden, Camden County’s NAACP, AP, U.S . Marine, Kingsland Police, Police, Maryland State Police, Baltimore Police Department, Camden County Sheriff, International Association of Chiefs, Georgia State University, Criminal Locations: Camden, Georgia, Florida, Camden County’s, Kingsland, Georgia's, Camden County, Hobbs, LaGrange , Georgia, Franklin, Memphis
Joaquin Phoenix in ‘Napoleon’ Photo: AppleTV+Film• “Napoleon” (Nov. 22): Ridley Scott ’s much-anticipated historical epic about the historic figure arrives with Joaquin Phoenix in the title role alongside Vanessa Kirby as Empress Joséphine. • “Wish” (Nov. 22): Walt Disney’s latest is an animated musical, directed by Chris Buck (“Frozen”) and Fawn Veerasunthorn (in her directorial debut), about a teenager who teams up with a magical star to fight against the dark powers commanded by the leader of her kingdom.
Persons: Joaquin Phoenix, ‘ Napoleon ’, Napoleon ”, Ridley Scott ’, Vanessa Kirby, Joséphine, , Walt Disney’s, Chris Buck, Fawn Veerasunthorn Locations:
CNN —Suzanne Shepherd, veteran actress known for playing the mother of Edie Falco’s Carmela Soprano on “The Sopranos,” has died. A representative for Shepherd told CNN in a statement on Sunday that the actress had died at her home in New York City on Friday. A cause of death has not yet been determined, but Shepherd had been suffering from chronic obstructive pulmonary disease, according to her representative. The film was nominated for six Oscars, with Pesci taking home a statue for his performance in a supporting role. She appeared in 20 episodes of the mob drama as the mother of Carmela Soprano (Edie Falco) between 2000 and 2007.
Persons: Suzanne Shepherd, Edie Falco’s Carmela Soprano, , Shepherd, ” “, Aunt Tweedy, Julia Roberts, Vincent D’onofrio, Uncle Buck ”, Karen Hill, Lorraine Bracco, Robert De Niro, Joe Pesci, Ray Liotta, Pesci, Mary DeAngelis, ” ​ ​, Carmela Soprano, Edie Falco, Ray Abruzzo, Robert Carlyle, Jeremy Piven, Maimie McCoy, Kate Shepherd, Miles McManus, Isabelle Shepherd Organizations: CNN, Hollywood, HBO, Warner Bros, Locations: New York City,
How OpenAI so royally screwed up the Sam Altman firing
  + stars: | 2023-11-19 | by ( David Goldman | ) edition.cnn.com   time to read: +8 min
A company’s board of directors has an obligation, first and foremost, to its shareholders. Strange board structureThe bizarre structure of OpenAI’s board complicated matters. And some, including former OpenAI board member Elon Musk, fear the technology will surpass humanity in intelligence and could wipe out life on the planet. Microsoft, despite its massive stake, does not hold an OpenAI board seat, because of the company’s strange structure. Alternatively, it could become a competitor to Altman, who may ultimately decide to start a new company and drain talent from OpenAI.
Persons: New York CNN —, Sam Altman, Altman, , Bing, , Kara Swisher, weren’t, Greg Brockman, Brockman, OpenAI, mulligan, Ilya Sutskever, they’re, Swisher, Elon Musk, Mark Zuckerberg, OpenAI’s, Satya Nadella Organizations: New, New York CNN, Microsoft, Altman, Co, Office, Google, Amazon, IBM, Economic, Twitter, Wall Street, New York Times Locations: New York, Silicon Valley, Bing
Rep. George Santos (R-N.Y.) speaks with reporters after a vote on Capitol Hill on Wednesday, Nov. 15, 2023, in Washington, DC. The Republican chairman of the House Ethics Committee on Friday filed a resolution to expel Rep. George Santos from Congress in the wake of a damning report alleging the scandal-plagued GOP freshman committed campaign fraud and theft. Santos has already declared he will no longer seek reelection in 2024, even as he slammed the ethics report as a "politicized smear." But on the heels of Thursday's ethics report, many of Santos' GOP colleagues who previously voted to keep him in Congress declared that they would now support an effort to throw him out. The 56-page report found that Santos, 35, "sought to fraudulently exploit every aspect of his House candidacy for his own personal financial profit."
Persons: George Santos, Michael Guest, Santos, Guest, George, Ken Buck Organizations: Capitol, Congress, GOP, U.S . Capitol, New, Republicans, MSNBC, Department of Justice Locations: Washington ,, Queens, Nassau, New York
At least a few of the incidents had overlapping suspect descriptions: a white man in his 40s or 50s, at least 6 feet tall and weighing between 220 and 300 pounds. In the package that the district attorney sent to Hathaway, there was a grainy surveillance video of one of the previous attacks, which showed a heavyset white man approaching a man sleeping on the sidewalk, spraying him with a large canister and walking quickly away as the man writhed in pain. What kind of person would spray homeless people with bear mace? The answer, Hathaway would later tell the court, was clear: A person who says: “I’m a vigilante justice. I’m above and beyond the law.’”Until 2020, homelessness had not been a primary concern for Marina residents.
Persons: , Carmignani, , Hathaway, , Nathaniel Roye, Ashley Buck Organizations: Marina, Moscone Locations: San Francisco, Marina, Lombard, Chestnut
Piper also says Gen Z workers can see there's a possibility for a better way of living. Some commenters said Gen Z is soft and needs to buck up and get used to it because this is the way it is. As a Gen Z person who's going through the same transition into the workforce as the person in that viral video, I just want to say: we know this is how it is. And that's what I love about Gen Z: we see the reality of the way the world is, but we also see that there's a possibility for something better. I wish there were more options for schedules that are conducive to actually having a life outside of work.
Persons: Piper Hansen, Piper, , I've, there's, Gen, I'm Organizations: Service Locations: Louisville , Kentucky
The world is off track in its efforts to curb global warming in 41 of 42 important measurements and is even heading in the wrong direction in six crucial ways, a new international report calculates. On the flip side, public money spent to create more fossil fuel use is going in the wrong direction and faster than it has in the past, said study co-author Kelly Levin, science and data director at the Bezos Earth Fund. The globe has already warmed about 1.2 degrees Celsius (2.2 degrees Fahrenheit) since the mid 19th century. But he said the report shows “we’re really struggling to pick the low-hanging fruit.”___Read more of AP’s climate coverage at http://www.apnews.com/climate-and-environment. ___Follow Seth Borenstein on X, formerly known as Twitter, at @borenbears___Associated Press climate and environmental coverage receives support from several private foundations.
Persons: Kelly Levin, it’s, ” Levin, , Joe Thwaites, Katharine Jacobs, ” Jacobs, Justin Mankin, “ we’re, ___ Read, Seth Borenstein Organizations: Climate, World Resources Institute, Fund, United Nations, United, Natural Resources Defense, Arizona State University, Twitter, AP Locations: Canada, South Asia, Dubai, United States, Paris, Ukraine, Dartmouth
Building a personal brand as a founder can help your company appear more trustworthy. "Building a personal brand connected to your business is more important than ever because people won't do business with anyone they don't trust," she said. In a 2021 survey , four in five Americans said companies were more influential when their founder or executives had a personal brand consumers knew about, trusted, and followed. BI asked Mai and Gotlib for advice on building a personal brand as a founder. Connect your personal and professional selvesCertain aspects of a founder's personal life may also resonate with their company's audience.
Persons: SBOs, , Quynh Mai, Mai, she's, Anouck Gotlib, Gotlib, It's, what's, it's, nauseam, I'm Organizations: Small, Service, Belgian Boys, BI, Belgian Locations: Brooklyn , New York, Belgian
[1/2] Newly elected Speaker of the House Mike Johnson (R-LA) addresses the U.S. House of Representatives after he was elected to be the new Speaker at the U.S. Capitol in Washington, U.S., October 25, 2023. Johnson also warned Democrats that House Republicans would impose a full-year CR for 2024 "with appropriate adjustments to meet our national security priorities" if Congress fails to reach agreement. House Republicans are aiming for a Tuesday vote. Failure to hit that benchmark led to McCarthy's ouster, but some House Republicans suggested Johnson deserved more time. The brutal infighting that has characterized Republicans this year, including the party's own rejection of three seasoned nominees for House speaker, coincides with falling federal revenues and mounting costs for interest, health and pension outlays.
Persons: Mike Johnson, Elizabeth Frantz, Johnson's, Kevin McCarthy, Joe Biden, Johnson, centrists, Marjorie Taylor Greene, Warren Davidson, Chris Murphy, Murphy, Tom Cole, Biden, McCarthy, Ken Buck, David Morgan, Scott Malone, Andrea Ricci Organizations: U.S . House, U.S, Capitol, REUTERS, Rights, . House, Republican, Democratic, Senate, Food and Drug Administration, House, White, Firebrand, NBC, Republicans, Social Security, Total U.S, Thomson Locations: Washington , U.S, Washington, Louisiana
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