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☆ As nervous investors worry about the presidential election, public debt is a top concern financial advisors say
▼ + stars: | 2024-10-18 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

- | Afp | Getty ImagesMany investors worry about how the outcome of the presidential election will impact their investments. But there's another risk financial advisors are focused on — public debt, according to a new survey from Natixis Investment Managers. The term public debt is used interchangeably by the U.S. Treasury with national debt and federal debt. Experts say there are certain moves individual investors can make to limit the financial exposure they have to those broader risks. For investors who worry the country's debt may lead to slow growth, it can help to add international exposure to a portfolio, Cheng said.

Persons: —, they're, Dave Goodsell, Marguerita Cheng, Cheng, Goodsell, Bonds, Barry Glassman, Glassman, Roth, Pare Organizations: Elena Bozeman Government, Afp, Getty, Natixis Investment, Natixis Center, Investor Insight, U.S, Treasury, Social Security, Blue, Global Wealth, CNBC FA Council, Wealth Services, CNBC FA Locations: Arlington , Virginia, U.S, Gaithersburg , Maryland

☆ Op-ed: The financial toxicity of cancer is growing. Here's what can be done to reduce it
▼ + stars: | 2024-10-18 | by ( Karen Knudsen | American Cancer Society Ceo | ) www.cnbc.com time to read: +5 min

Cancer drains individuals of their physical, emotional, and financial health. In a study from the American Cancer Society Cancer Action Network, nearly half of cancer patients and survivors reported being extraordinarily burdened by medical debt. Financial hardship caused by cancer can also contribute to "financial toxicity," wherein the cost of treatment forces individuals to make tradeoffs that impact their chances of survival. Not only does financial toxicity of cancer care affect the individual, it can also negatively impact their employer. Some may not be aware they're eligible for screening, and stigma and fear associated with cancer screening hinders some people from seeking care.

Persons: — Organizations: American Cancer Society Cancer Action Network, ACS Locations: U.S, United States

A high-yield savings account provides more rewards than a typical savings account, with no risk. I missed out on $1,200 in the five years before I opened a high-yield savings account. That's the feeling I get every time I check the balance of my high-yield savings account. Compare Today's RatesWhy I chose a high-yield savings accountI've had a savings account since college, but I didn't always have a high-yield account. How I chose my high-yield savings accountNowadays, there are lots of high-yield savings accounts on the market, many with no minimum requirements and no fees.

Persons: you'd, I've, I'd, Ally Organizations: Ally Bank, Federal Reserve Locations: it's, Ireland

☆ BlackRock's ETF chief says 75% of its bitcoin buyers are crypto fans new to Wall Street
▼ + stars: | 2024-10-18 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

"It was for the ETF wrapper," she told CNBC on stage at the Permissionless Conference in Utah. The total market cap of all eleven spot bitcoin ETFs now tops $63 billion, with total flows of nearly $20 billion. Of the 80% of direct investors, Cohen told CNBC that 75% had never before owned an iShare, one of the best-known and largest ETF providers on the planet. "As it turns out, we have done a lot of education of crypto investors on the benefits of the ETP wrapper." Before the U.S. Securities and Exchange Commission green-lit spot bitcoin funds in January, investors had a few ways to buy and custody cryptocurrencies.

Persons: Samara Cohen, Cohen, Bitcoin, Coinbase, bitcoin ETPs Organizations: BlackRock, CNBC, Permissionless Conference, U.S . Securities, Exchange Commission Locations: U.S, Utah, Wall

☆ Taylor Swift is flexing her economic muscles again with the return of her tour and a new book
▼ + stars: | 2024-10-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, Taylor Swift has a new book coming out, but how she's doing it might create some bad blood with publishers . On Tuesday, Swift announced plans to self-publish "The Eras Tour Book," a behind-the-scenes look at her record-breaking tour that'll be released exclusively at Target on Black Friday. News of a Taylor Swift book should have sent a publisher jumping for joy at the potential revenue. AdvertisementBig stars like Swift are exactly who book publishers are banking on these days. But even so, Miami, New Orleans, and Indianapolis — her remaining US tour dates — won't mind Swift coming to town.

Persons: —, Meta, Taylor Swift, Chelsea Jia Feng, Taylor, Swift, Samantha Grindell, Madeline Berg, George Walker IV, we're, Natalie Ammari, it's, Goldman Sachs, Kalshi, Donald Trump, Trump, Blackstone, Jon Gray, Walid Berrazeg, It's, Lebaredian, Uber, Dara Khosrowshahi's, Tyler Le, Matt Garman, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Target, AP, Indianapolis, Super Bowl, UBS, Getty, Financial, Wall, Blackstone, Trump, Investors, Taiwan Semiconductor Manufacturing, TSMC, Optimus, Financial Times, Netflix, American Express Locations: Miami, Miami , New Orleans, Glendale , Arizona, Hsinchu, ASML, Texas, California, New York, London

☆ CD, Checking, and Savings Rates Today: Maximize Your Returns
▼ + stars: | 2024-10-18 | by ( Business Insider | ) www.businessinsider.com time to read: +7 min

Featured High Interest Checking Account Offers Compare checking accounts that offer high APYs, rewards on debit card purchases, or both. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. A checking account is like a hub for your money: If your paycheck is direct deposited, it's typically to a checking account. A savings account often limits the number of monthly transfers, while a checking account doesn't. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.

Persons: APYs, —, Cash, we've Organizations: Federal Reserve, Cash Locations: —

☆ Want to earn more on your cash? This account offers the best return, says financial planner
▼ + stars: | 2024-10-18 | by ( Mike Winters | ) www.cnbc.com time to read: 1 min

Even though the Federal Reserve has begun cutting interest rates, it's still possible to lock in a competitive rate on a certificate of deposit. That means you could earn $400 to $500 on a $10,000 deposit in one year with a CD, compared with just $57 with a savings account. That's about the best interest rate you can find without investing the money, which carries a higher degree of risk. However, with a CD, the trade-off for a good interest rate is that your money is locked in for a set term of several months or years. "CDs are a great place for your cash if you don't need the money for a specific amount of time," says Jeremy Keil, a certified financial planner in Wisconsin.

Persons: Jeremy Keil Organizations: Federal Reserve Locations: Wisconsin

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin climbs 9% for its best week in more than a month: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Chris Metinko of Crunchbase breaks down the latest VC funding data for web3 startups.

Persons: explainers, Chris Metinko Organizations: CNBC Crypto, CNBC

☆ Say goodbye to deductibles. This health plan is simplifying health care costs and coverage.
▼ + stars: | 2024-10-18 | by ( Sponsor Post | Sponsored Unitedhealthcare | ) www.businessinsider.com time to read: +5 min

It's a modern employer-sponsored health plan designed to help simplify the process of choosing where to receive care by offering members the information they need upfront, enabling them to comparison shop for care. What's different with the Surest health plan? The result, according to a recent study, is that Surest members pay 54% less out of pocket compared to those in traditional plans. "The Surest health plan addresses many of the obstacles that consumers face, including by eliminating complicated math with clear, upfront cost and coverage details," Richards said. People who've tried the Surest plan usually like itConsumers cite ease of use, price clarity, and cost savings as some of the top advantages.

Persons: Surest, Alison Richards, " Richards, coinsurance, Aon, Dan Kueter, who've, It's Organizations: Employers, Insider Studios Locations: It's, Surest, Hawaii

☆ Millennials on track to retire early are maxing out HSAs to supplement their savings. Here's who is eligible for this account and how to use it to grow your money.
▼ + stars: | 2024-10-17 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

HSAs require enrollment in a high-deductible health plan, suitable for healthy individuals. After 65, you can use your HSA money to cover any expense without incurring a penalty, but the funds are subject to income tax. You'll have to move your money from your HSA to your HSA investment account. Brent Weiss, a certified financial planner, told BI that he invests his HSA money in a target-date fund: "I'm not getting fancy. Not touching your HSA funds means covering your medical expenses out of pocket, which is what Grant and the Schlagbaums do.

Persons: —, Amberly Grant, Grant, she's maxed, Brennan, Erin Schlagbaum, HSAs, it's, it'll, Brent Weiss, I'm, you've Organizations: Service, IRA, IRS

☆ 24 major cities where renters can save at least 10% compared to the national median
▼ + stars: | 2024-10-17 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Here are 24 real-estate markets where rent is at least 10% below the national median. Median rent in the 50 largest US metropolitan areas dipped to $1,743 last month, according to an October 16 report from Realtor.com. Asking prices were lower year-over-year for the 14th straight month, though they were only a few dollars cheaper than in September 2023. Business Insider reviewed Realtor.com's list of the 50 biggest US cities and narrowed it down to the two dozen cities where rent was at least 10% less than the national median of $1,743 last month. Below are those 24 major US cities, along with each location's median rent in September, the year-over-year and month-over-month changes, and the savings versus the national median rate.

Persons: —, Jiayi Xu, Danielle Hale, Xu, Hale Organizations: Service, Nashville's, Dallas Locations: Southern, Denver, Austin, Birmingham, Midwest, Chicago, Detroit

☆ Millennials on track to retire early are maxing out HSAs to supplement their savings. Here's who's eligible, and how you can use it to grow your money.
▼ + stars: | 2024-10-17 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

HSAs require enrollment in a high-deductible health plan, suitable for healthy individuals. After 65, you can use your HSA money to cover any expense without incurring a penalty, but the funds are subject to income tax. "I decided to get a high deductible health plan because I was young, healthy, and I didn't expect my medical expenses to be too high," she said. Brent Weiss, a certified financial planner, told BI that he invests his HSA money in a target-date fund: "I'm not getting fancy. Not touching your HSA funds means covering your medical expenses out of pocket, which is what Grant and the Schlagbaums do.

Persons: —, Amberly Grant, Grant, she's maxed, Brennan, Erin Schlagbaum, HSAs, it's, it'll, Brent Weiss, I'm, you've Organizations: Service, IRA, IRS

☆ Trump family gets 75% of crypto coin revenue, has no liability, new document reveals
▼ + stars: | 2024-10-17 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +4 min

Donald Trump's crypto project, World Liberty Financial, published a 13-page document on Thursday, describing its mission, how tokens can be allocated, and indicating that the Republican presidential nominee and his family could take home 75% of net revenue. The paper released on Thursday shows that Trump and his family assume no liability. Folkman previously had a company called Date Hotter Girls and reportedly helped develop crypto project Dough Finance. Folkman previously said just 20% of WLF's tokens would be allotted to the founding team, which includes the Trump family. The paper calls Trump the "chief crypto advocate."

Persons: Donald Trump, Donald Trump's, WLF, Trump, Kamala Harris, Chase Herro, Zachary Folkman, Folkman, Herro, Steve Witkoff, Zachary, Crypto Organizations: Liberty, Republican, Trump, who's, DEFI, Management, Finance, AMG, Fi Locations: Nashville , Tennessee, U.S, Delaware, Puerto Rico

☆ JPMorgan says financial markets are starting to price in a Trump win and possible Republican sweep
▼ + stars: | 2024-10-17 | by ( Sarah Min | Kavitha Shastry | ) www.cnbc.com time to read: +2 min

Stocks are starting to price in a Trump victory, possibly even a Republican sweep, according to JPMorgan. Take a look at the Dow Jones Industrial Average , which recently cleared the 43,000 milestone for the first time ever, or the S & P 500 , which surpassed 5,800. Meanwhile, U.S. banks, which are expected to face less regulatory scrutiny from Trump than under the Biden administration, have rallied. The SPDR S & P Regional Banking ETF (KRE), has advanced 5.9% this month alone, and financials are the top-performing S & P 500 sector this month. KRE 1M mountain SPDR S & P Regional Banking ETF over the past month.

Persons: Stocks, Donald Trump, Nikolaos Panigirtzoglou, Biden, Trump, Panigirtzoglou, bitcoin Organizations: Republican, JPMorgan, Dow Jones, Trump, Regional Banking, U.S, Treasury, UST, flattish, White Locations: U.S, London, flattish U.S, DXY

☆ CD, Checking, and Savings Rates Today: Supercharge Your Savings
▼ + stars: | 2024-10-17 | by ( Business Insider | ) www.businessinsider.com time to read: +8 min

See more savings account bonuses »Leading Checking & Savings Combo Account BonusSoFi Checking and Savings (Member FDIC)Earn up to $300 with qualifying direct deposit for eligible customers (offer expires 12/31/24, terms apply). See more savings account bonuses »Leading Checking & Savings Combo Account BonusSoFi Checking and Savings (Member FDIC)Earn up to $300 with qualifying direct deposit for eligible customers (offer expires 12/31/24, terms apply). High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. A checking account is like a hub for your money: If your paycheck is direct deposited, it's typically to a checking account. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.

Persons: APYs, —, Cash, we've Organizations: Federal Reserve, FDIC, Cash Locations: —

☆ For a limited time, Robinhood is offering users unlimited bonuses to transfer their investments
▼ + stars: | 2024-10-17 | by ( Business Insider | ) www.businessinsider.com time to read: +5 min

For a limited time, Robinhood is offering bonuses to users who transfer investments to the app. From October 16 to 27, claim HOOD Week bonuses of up to 3% on transfers for Robinhood Gold subscribers. If you've been considering choosing Robinhood Investing for your investments, the platform's brand-new HOOD Week is the time to make the switch. Cash management accounts availableCheck mark icon A check mark. Robinhood Gold is offered through Robinhood Gold LLC and is a subscription offering services for a fee.

Persons: you've, Robinhood Organizations: Robinhood Gold, HOOD, Federal Reserve, IRS, Robinhood, Robinhood Financial Locations: Robinhood, U.S

☆ Bitcoin is on a tear as 'crypto president' Trump's betting-market odds climb
▼ + stars: | 2024-10-17 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Bitcoin has surged 12% as Trump's election odds in betting markets began rising in mid-September. Trump's crypto-friendly stance has boosted investor enthusiasm for bitcoin as his betting odds rise. According to the betting website Polymarket, Trump's odds of winning the Presidential election in November bottomed on September 18. Bernstein analyst Gautam Chhugani said last month that a Trump win could be monumental for the crypto industry. Bitcoin might be ultimately front-running a potential Trump win in November, with the cryptocurrency up 59% year-to-date.

Persons: Bitcoin, bitcoin, —, Donald Trump, Trump, Kamala Harris, bettors, Stanley Druckenmiller, Bernstein, Gautam Chhugani, Chhugani, He's, he'd Organizations: Trump, Service, Billionaire, Bloomberg, Conference, Bitcoin Conference, Liberty Locations: United States

☆ This tiny country is giving $2,000 to every household as an Exxon oil boom supercharges its economy
▼ + stars: | 2024-10-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Guyana, the tiny South American nation, is giving $2,000 to every household in the country. AdvertisementThe world's fastest-growing economy is handing the equivalent of $2,000 to every household as it works to share its newfound oil wealth and soften the sting of higher living costs. Its oil fund held over $1.7 trillion of assets at the end of June, or more than $300,000 per Norwegian citizen. Sharing the wealthGuyana's $2,000 payment to households "sounds like great news," Karl Widerquist, a philosophy professor at Georgetown University-Qatar and the author of several books about universal basic income (UBI) told BI. Guyana's one-off, unconditional cash grant is a "positive step," Cleo Goodman, the basic income lead at the Autonomy Institute think tank, told BI.

Persons: —, Mohamed Irfaan Ali of, Ali, They've, Nicolas Suarez, Suarez, Karl Widerquist, Cleo Goodman Organizations: Service, Department, Public, Guyanese, P Global Market Intelligence, Resource Fund, Bank, Exxon, Guyana ramped, Monetary Fund, Georgetown University, Qatar, Autonomy Institute Locations: Guyana, Mohamed Irfaan Ali of Guyana, America, Riding, Britain, Venezuela, Brazil, Suriname, Netherlands

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFBI arrests man in connection with fake bitcoin post on SEC X account: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Solo Ceesay of Calaxy reacts to bitcon's recent price action and what the U.S. election means for crypto prices.

Persons: explainers Organizations: FBI, SEC, CNBC Crypto, CNBC

☆ FBI arrests Alabama man for SEC X hack that spiked price of bitcoin
▼ + stars: | 2024-10-17 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

FBI agents on Thursday arrested an Alabama man for his alleged role in the Jan. 9 hack of the Securities and Exchange Commission's X account, which sent the price of bitcoin spiking by more than $1,000, the Department of Justice announced. The tweet said, "Today the SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges." Shortly afterward, the SEC regained control of its social media account, and announced the tweet was false and the result of a hack. A day after the hack, the SEC approved rule changes that allowed the creation of bitcoin ETFs in the United States. Council, who used the online handles "Ronin," "Easymunny," and "AGiantSchnauzer," allegedly was paid in bitcoin by co-conspirators for his role in the hack.

Persons: Eric Council Jr, Gary Gensler Organizations: Securities, Exchange, Department of Justice, Northern, Northern District of, Prosecutors, SEC, BTC, DOJ, Council, FBI Locations: Alabama, Northern District, Northern District of Alabama, United States

☆ Crypto and meme stock boosters aren’t doing ‘Trump trades’ — they’re just doing trades
▼ + stars: | 2024-10-17 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —The bitcoin bulls and meme stock traders are fired up about the prospect of another Donald Trump White House. At the same time, shares of Trump Media were bouncing back from Tuesday’s mysterious 10% drop and resuming their meme-stock-esque tendency to rise without any fundamental reason to do so. What do the two assets, a digital currency and a media stock, have in common? Crypto traders are amped because of the Republican nominee’s apparent 180 on the asset class he once dismissed as a scam. Bottom line: Both bitcoin and Trump Media could become even more volatile over the next few weeks as more traders pile in.

Persons: CNN Business ’, Donald Trump, Kamala Harris ’, Harris, Trump, CNN’s, ”, Steph, “, Adrian Fritz, It’s, ” Fritz, it’s, Al Root, Root, Fritz, “ It’s Organizations: CNN Business, New York CNN, Donald Trump White House, Trump Media, Trump, Liberty Financial, hyperdrive, Harris ’, ” Trump Media, Apple Locations: New York, ”, Central

☆ Cramer's Lighting Round: Texas Roadhouse is 'still a buy'
▼ + stars: | 2024-10-17 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Evolv's year-to-date stock performance. Stock Chart Icon Stock chart icon NIO's year-to-date stock performance. Stock Chart Icon Stock chart icon Texas Roadhouse's year-to-date stock performance. Stock Chart Icon Stock chart icon MicroStrategy's year-to-date stock performance. Stock Chart Icon Stock chart icon Iron Mountain's year-to-date stock performance.

Persons: You've Organizations: Texas

☆ Historic bitcoin theft tied to Connecticut kidnapping, luxury cars, $500K bar bills
▼ + stars: | 2024-10-17 | by ( Dan Mangan | ) www.cnbc.com time to read: +12 min

To date, at least $100 million in bitcoin stolen from the victim remains unaccounted for, prosecutors said in a recent court filing in D.C federal court. Zoom In Icon Arrows pointing outwards United States District Court for the District of ColumbiaThe schemers then duped the man into downloading a program onto his computer to protect his Gemini holdings. "Serrano was eventually able to manipulate the victim into opening files with private keysto over 4,100 Bitcoin," the court filing said. The schemers then used "sophisticated money laundering techniques to hide the proceeds and mask their identities," a court filing alleges. "To date, approximately $70,000,000 has been recovered or frozen on various exchanges," prosecutors wrote in a court filing.

Persons: Jakub Porzycki, —, I've, Steven Castrovinci, Castrovinci, — Malone Lam, Jeandiel Serrano —, Serrano, Paulette Pagan, Lam, Malone Lam, Columbia Lam, Anne Hathaway, Lamborghini, Pagani, Serrano's, Lamborghini Urus, van, Matthew Loucks, Loucks, Rick, Swatting Organizations: NurPhoto, Getty, D.C, Police, Police Department, CNBC, Lamborghini, Danbury Police, Attorney's, District of Columbia, FBI, Gemini, United States, Court, Prosecutors, District, Management, Honda Locations: Washington, cryptocurrency, Connecticut, Danbury , Connecticut, Danbury, Florida, U.S, Los Angeles, Singapore, L.A, Miami, United States, Encino , California, Maldives, Columbia

☆ Key change coming for 401(k) ‘max savers’ in 2025, expert says — here's what you need to know
▼ + stars: | 2024-10-16 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Aire Images | Moment | Getty ImagesHigher 401(k) catch-up contributionsEmployees can now defer up to $23,000 into 401(k) plans for 2024, with an extra $7,500 for workers age 50 and older. But starting in 2025, workers aged 60 to 63 can boost annual 401(k) catch-up contributions to $10,000 — or 150% of the catch-up limit — whichever is greater. An estimated 15% of eligible workers made catch-up contributions in 2023, according to Vanguard's 2024 How America Saves report. Roth catch-up contributionsAnother Secure 2.0 change will remove the upfront tax break on catch-up contributions for higher earners by only allowing the deposits in after-tax Roth accounts. That means workers can still make pretax 401(k) catch-up contributions through 2025, regardless of income.

Persons: Jamie Bosse, Vanguard's Stinnett, Roth Organizations: IRS, CGN Advisors, America, Vanguard Locations: Manhattan , Kansas

For Love & Money is a column from Business Insider answering your relationship and money questions. Write to For Love & Money using this Google form. Dear For Love & Money,I am wealthy, and my friends always hint about their money problems. I don't know what to do. Write to For Love & Money using this Google form .

Persons: —, I've, you've, it's, doesn't Organizations: Business, Service Locations: Maui, tiptoe

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