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☆ Earnings season kicks off after a blowout jobs report upended investors' hopes of another interest-rate cut
▼ + stars: | 2024-10-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Tech: Amazon's Prime Day kicks off tomorrow, and there are some deals on surprising items . Amazon's Prime Day kicks off tomorrow, and there are some deals on . Getty Images; Jenny Chang-RodriguezWe've already got one indication companies are in good shape: Friday's blockbuster jobs report . But another blowout report — 250,000 jobs added and at least 4% wage growth — could lead the Fed to reconsider its easing policy. In addition to the usual Prime Day gadgets, like TVs and Airpods, Amazon is dishing out deals on tents, pocket knives, and chainsaws.

Persons: —, Jenny Chang, Rodriguez, Matthew Fox, we'll, Rodriguez We've, there's, Philipp Carlsson, Chelsea Jia Feng, haven't, Donald Trump's, Tyler Le, John Tomac, that's, boomers, They're, Gen Xers, Gen Zers, Kamala Harris, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Grace Lett, Amanda Yen, Milan Sehmbi Organizations: Business, Service, . Tech, Amazon's, Pfizer, Wall Street, JPMorgan, Wells Fargo, Big Tech, Getty, Fed, Boston Consulting, Trump Media, Microsoft, BI, pharma, CBS, ASEAN Locations: Israel, fintech, Vientiane, Laos, New York, London, Chicago

☆ A Gen Xer quit his corporate job in SF and moved to Colombia. He said Medellín is more affordable and he's been able to launch 2 startups.
▼ + stars: | 2024-10-07 | by ( John Towfighi | ) www.businessinsider.com time to read: +6 min

Jason Bennett, 46, moved from San Francisco to Medellín, Colombia in 2018. Bennett quit his job at Banana Republic to move abroad and launch two startups. AdvertisementJason Bennett had a successful career in San Francisco but didn't see a future for himself in the corporate world. In 2016, he visited Medellín, Colombia, and said he envisioned it as his future home. Courtesy of Jason BennettBuilding financial independence started at a young ageBennett was born and raised in San Francisco.

Persons: Jason Bennett, Bennett, Medellín, —, didn't, I've, San Francisco Bennett, Jason Bennett Bennett Organizations: Banana, Service, Banana Republic, True Star Consulting, Consulting, Voting, Central America, University of Oregon, San, Medellín Philharmonic Locations: San Francisco, Medellín, Colombia, Francisco, Lisbon, South, Caribbean, Banana, American

Ally automatically moves "safe-to-save" money into savings — I've saved over $4,000 this way. Toss a rock in any direction, and you'll find banks advertising high-yield savings accounts with interest rates between 4.5% and 5.0%, even after the Federal Reserve lowered interest rates. Ally has savings features that boost my financial goalsAlly also has easy-to-use savings features, such as creating up to 30 buckets for different goals. I also have surprise savings set up, and usually, a few times a month, I get a notification to expect a surprise savings. Since I opened my main savings account three years ago, I've stashed away nearly $4,000 in surprise savings from one account.

Persons: Ally doesn't, Ally, I've, — Organizations: Service, Federal Reserve Locations: there's

☆ HBO documentary may expose Bitcoin creator’s secret identity
▼ + stars: | 2024-10-07 | by ( Jackson Loo | ) edition.cnn.com time to read: 1 min

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☆ The 27+ Best Wayfair Way Day Deals of 2024
▼ + stars: | 2024-10-06 | by ( Ashley Morris | Ashley Morris Is An Associate Seo Reporter For Select On Nbc News. | ) www.nbcnews.com time to read: +10 min

Below, I rounded up the best Way Day deals, all of which are highly rated and at least 20% off. SKIP AHEAD Best Way Day deals | More Way Day sales to shop | Best sales at other retailers | How I picked the best Way Day deals | Why trust NBC Select? All shoppers can participate in Way Day, however there will be additional, exclusive deals for Wayfair Professional members. Starting on September 30, daily deals will be offered on select products on each day leading up to and including the Way Day event. Best Way Day salesHere are the best Way Day sales to know about.

Persons: giveaways, Birch Lane, Joss, fryer, Mili Godio, Wayfair Birch, TikTok Organizations: Amazon, NBC, Wayfair Professional, raffles, Walmart, Facebook, Twitter

☆ Amazon's Prime Big Deals might surprise you this October
▼ + stars: | 2024-10-06 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

It shows how Amazon is expanding holiday sales — and trying to get Prime members to buy more. AdvertisementMany of the deals that Amazon is advertising for its Prime Big Deal Days this month aren't your typical holiday gifts. To be sure, the company describes the sales event as "epic deals ahead of the holiday season" (note the "ahead" here). It added the fall version in 2022 (though Prime Day 2020 also took place in October that year due to delays from the pandemic). Walmart's Holiday Deals sale starts on October 8, the first day of Prime Day, and runs through October 13.

Persons: —, Luc Wathieu, Wathieu, Dyson, Barbie, Lowe's, Canaves Organizations: Deal, Walmart, Service, Apple, Georgetown University's McDonough School of Business, Amazon, Business, Home Depot, July's Locations: Emarketer, Amazon

☆ The 3 biggest themes investors are watching for as earnings season kicks off
▼ + stars: | 2024-10-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +6 min

Investors expect S&P 500 earnings growth of 4.6% as the stock market trades near record highs. Key themes to watch for include AI adoption, consumer health, and the impact of lower interest rates. AdvertisementEarnings season is fast approaching, and investors have a lot to be on the lookout for as companies report third-quarter results. AdvertisementIn addition to the actual earnings figures, investors will be monitoring key themes as company executives offer guidance during earnings calls. Hainlin said he is encouraged by continued growth in consumer spending as credit card defaults "are within normal levels" and the holiday shopping season is right around the corner.

Persons: Wells, —, Michael Dickson, Tom Hainlin, they're, John Belton, There's, Dickson, delinquencies, Hainlin Organizations: PepsiCo, JPMorgan, Service, Wells, Investments, Business, Wall Street, Bank Wealth Management, Aerospace, Defense, Consumer, Federal Reserve Locations: Wells Fargo, FactSet

For Love & Money is a column from Business Insider answering your relationship and money questions. Write to For Love & Money using this Google form. Buying them all new shoes doesn't feel optional to me, but it does to my partner, who is still pretending we're surviving off only one income. Your partner doesn't want to spend just to spend, and I don't think you want to save just to save. Write to For Love & Money using this Google form .

Persons: isn't, —, I'm, it's, we're, they're, doesn't Organizations: Business, Service

☆ A Gen Xer went from a six-figure salary to considering bankruptcy after 1,000 unsuccessful job applications — 'It's like playing the lottery'
▼ + stars: | 2024-10-06 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

In between job applications, he drove for Lyft and landed a job in 2021. Tetpon suspects his age and his industry's intense competition have impacted his ability to land a job. Advertisement"Job seeking initially has become a full-time job again — seven, eight hours a day applying for roles," Tetpon said. Of these applications, he's had nearly 30 interviews, and he made it to the final round for three positions. Between job applications, Tetpon drives five days a week for Lyft, earning about $3,000 a week.

Persons: Sean Tetpon, ageism, —, Tetpon, hasn't, it's, constricting, he's, he'd, I'm, He's, I've Organizations: Service, University of Idaho, IBM, Lyft, BI Locations: America, Atlanta, ageism

☆ I worked as a wealth advisor for Goldman Sachs. Here's what I learned from how the super rich manage their money.
▼ + stars: | 2024-10-06 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +8 min

Ayesha Ofori worked in wealth management for Goldman Sachs for six years. AdvertisementThis as-told-to essay is based on a transcribed conversation with 40-year-old Ayesha Ofori, CEO of Propelle, from London, about her experience working at Goldman Sachs. If you'd asked me what success looked like at the time, it would've been being a partner at Goldman Sachs. AdvertisementSaving money isn't enoughWhen I was at Goldman Sachs, I noticed we didn't have many women clients. When I worked at Goldman Sachs, I was focused on paying off my student loans and saving money.

Persons: Ayesha Ofori, Goldman Sachs, Ofori, —, Goldman, I'd, you'd, would've, I'm, It's, I've, you'll Organizations: Service, Goldman Sachs, Business, Columbia Business School, Goldman, Invest Locations: London, New York

☆ A major curveball in retirement preparedness: divorce
▼ + stars: | 2024-10-05 | by ( Allie Kelly | Juliana Kaplan | ) www.businessinsider.com time to read: +10 min

Monthly Social Security checks aren't enough for most baby boomers to get by, further fueling a retirement crisis. A prenuptial agreement can be helpful, but it typically doesn't protect wealth built after the couple ties the knot, like retirement savings. Men's monthly retirement incomes are nearly $600 more than women's — $2,610 to $2,042 — and they're more likely to have a balance in a retirement account. Overall, divorced women like Clark see lower monthly retirement incomes than their male counterparts — and peers who have remarried. One of Mintzer's greatest divorce regrets is that she didn't safeguard her retirement savings.

Persons: —, Libby Mintzer, Mintzer, she's, Melody Evans, Evans, Roth, couldn't, didn't, Kathryn Clark, Clark, Clark didn't, Clark's, it's Organizations: Service, Social Security, Social, Gerontology, —, Roth IRA, SNAP, allisonkelly Locations: Florida, Tampa, California's Bay

I was told to earn just enough to live, don't complain, get a stable job, stay there forever, and never, ever talk about money. After I got married and had kids, I quit my job because I wasn't making enough to pay for daycare. I became focused on money after my divorceSuddenly, I realized I needed to make a lot of money to support my household without a partner. The people around me told me I was a good person and I deserved a lot, including money and financial stability. I don't want my kids to be afraid of the worldI realize now I had a lot of fear because of my upbringing.

Persons: Holly Martins, —, nickels, I'd, there's, They're, I've Organizations: Service Locations: New Jersey

☆ Maryland has the best 529 college savings plan—and you don't have to live there to use it
▼ + stars: | 2024-10-05 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

If your student is still years away from filling out applications, it may be wise to start contributing to a 529 savings plan. You won't owe taxes on withdrawals for qualified education expenses which include kindergarten through 12th grade tuition, college or trade school tuition and supplies and even student loans. Anyone can open a 529 plan for a beneficiary they choose — it doesn't have to be your own child and it can even be yourself. Nearly every state and the District of Columbia sponsors its own 529 plan. Your contributions may be deductible on your state taxes if you contribute to your home state's plan, for instance.

Organizations: Data Initiative, Students, Business, District of Columbia

☆ 33 top stocks to buy in a market with few undervalued investments: Morningstar
▼ + stars: | 2024-10-05 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Here are 33 of the firm's favorite stocks heading into a pivotal fourth quarter. Therefore, it's no shock that those growth stocks are responsible for the market's lofty valuation. AdvertisementMorningstar33 top stocks to ownIn Morningstar's fourth-quarter note, the firm designated 33 stocks as its top picks across sectors and groups like cyclicals, defensives, and economically sensitive companies. "To outperform, we think investors will need to look for contrarian investments and story stocks," Sekera wrote. Along with each company is its ticker, market capitalization, group, sector, rating, price target, upside to that target, and selected commentary from Morningstar.

Persons: —, Dave Sekera, Morningstar, Sekera Organizations: Morningstar, Service, Stocks

☆ Anand Rathi Wealth: Plenty of Indian household money sitting on the sidelines
▼ + stars: | 2024-10-04 | 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 EmailAnand Rathi Wealth: Plenty of Indian household money sitting on the sidelinesFeroze Azeez from Anand Rathi Wealth, discusses the issues barring the financial deployment of household savings in India, as well as some of the long-term challenges that Indian banks could face.

Organizations: Anand, Anand Rathi Locations: Anand, India

☆ Bitcoin is flipping in and out of 'bear' mode but could still reach $100,000 this year
▼ + stars: | 2024-10-04 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Bitcoin investors are grappling with a demand dearth that has pushed the cryptocurrency into bear market territory at times. (In the first quarter, bitcoin ETFs bought about 9,000 BTC daily on average, following their January launch.) In the fourth quarters of 2012, 2016, and 2020 — the previous Bitcoin halving years — bitcoin prices rose by 9%, 59%, and 171%, respectively. The most recent halving — the supply cutting event that takes place every four years — happened this April. BTC.CM= YTD mountain Bitcoin (BTC) year-to-date Bitcoin is set up well for the final quarter , but it's still working through a supply overhang from the U.S. and German governments as well as Mt.

Persons: It's, John Todaro, Needham, uptrend, it's, Wolfe, Rob Ginsberg, Owen Lau, Oppenheimer Organizations: CNBC, BTC, Federal Reserve, U.S Locations: China, U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin pares weekly losses after better-than-expected September jobs data: 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, Sam Kessler of CoinDesk discusses his reporting that North Korean IT workers have infiltrated global crypto companies.

Persons: explainers, Sam Kessler, CoinDesk Organizations: CNBC Crypto, CNBC, North Korean

☆ Nearly half of U.S. homebuyers use this strategy to lower their monthly mortgage payments
▼ + stars: | 2024-10-04 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

With homes becoming increasingly unaffordable, more buyers are using an increasingly popular strategy to lower their mortgage rate. Buying points — also referred to as "discount points" or "buying down the rate" — involves paying extra to your lender at closing to reduce the interest rate on a mortgage. That reduced rate results in smaller monthly payments and long-term interest savings over the life of the loan. A larger down payment reduces the total loan amount, which also has the effect of lowering monthly payments. Ultimately, whether a larger down payment or buying points will actually lower your monthly payments depends on your specific loan terms.

Persons: That's, Aaron Gordon Organizations: Guild Mortgage

Now through October 19, Blue Nile is offering up to 30% off select jewelry, including earrings, necklaces, bracelets, and engagement rings that we love. Keep scrolling to find some of my favorite Blue Nile deals. View at Blue NileFurther reading: Buying an engagement ring with a credit cardWhat should I buy from Blue Nile? Though you can definitely invest in some beautiful earrings, bracelets, and necklaces from Blue Nile, our style team especially loves the brand's engagement rings. When does the Blue Nile sale end?

Persons: I've, you've Organizations: Business Locations: Blue

☆ I've lived on 3 continents. Our town in Canada surpassed my expectations, but London let me down.
▼ + stars: | 2024-10-04 | by ( Melissa Noble | ) www.businessinsider.com time to read: +5 min

I later moved to London and felt disappointed — it was harder to build community in a big city. AdvertisementOur town in Canada immediately felt like homeThere was a lot of beauty we could access for free or cheap in the Canadian Rockies. At the same time, the cost of living in London felt astronomical compared to Banff. London just didn't have the same sense of community as our town in Canada. For me, our town in the Rockies felt more like home, and I'd still move back in a heartbeat.

Persons: —, texted, I'd, Canadians —, it'd, Alexander Spatari, we'd, would've Organizations: Canadian Rockies, Service, thipjang, Canadians, Rockies, National Insurance Locations: Australia, London, Banff, Canada, American, Europe, South America

☆ Trump’s ground game relies on untraditional strategies to draw out battleground voters
▼ + stars: | 2024-10-04 | by ( Steve Contorno | Fredreka Schouten | ) edition.cnn.com time to read: +19 min

And it’s a playbook that former President Donald Trump’s campaign has tossed aside. It’s a gamble, Trump’s campaign internally acknowledges, but one that they insist is built on data they have collected over nearly a decade and tested for the past six months. Days later, the Michigan state party chairman also plugged 10xVotes when he rolled into Traverse City, Michigan, alongside Trump running mate JD Vance. But rather than courting those voters, Trump’s campaign is in search of new ones. Trump’s campaign has also tried to seize on discord within the Democratic coalition.

Persons: Paul Hudson, “ Harris Walz ”, Donald Trump’s, Trump, Elon Musk, Tucker Carlson, JD Vance, “, ”, Dennis Lennox, Mary, Kamala Harris –, don’t, James Blair, Blair, ” Blair, Donald Trump, Anna Moneymaker, Gerald Ford, Nikki Haley, Hillary Scholten, ” Hudson, Trump’s, Charlie Kirk, Harris, Musk, –, Republicans Kari Lake, Blake Masters, Sen, Rebecca Noble, flummoxed, Joe Biden, Susie Wiles, Volodymyr Zelenskyy, Julia Demaree Nikhinson, Virgin Mary, Michael, Lennox, you’re, ” Lennox, Michael Whatley, Lara Trump, Elijah Nouvelage, Jim Pillen, wouldn’t, ” Danielle Butterfield, ’, CNN’s Ali Main, Kristen Holmes, David Wright, Jeff Zeleny Organizations: CNN, Republican, Grand Rapids, Trump, Republicans, Republican Party, Veteran Affairs, Grand, White House, Van, South Carolina Gov, America PAC, Musk, Federal, Commission, Getty, Trump Force, Sunshine State, Miami Gardens, Cuban, Democratic, Florida, Biden, GOP, Michigan, Republican National Committee, RNC, University of North, Republican Gov, Nebraska’s, White, Democrat, USA Locations: doorsteps, Michigan, Grand Rapids, Grand, Traverse City , Michigan, Detroit, Grand Rapids , Michigan, Congress, Kent, Arizona, Mesa , Arizona, AFP, Arizona , Wisconsin, Wolverine, Wisconsin, Iowa, Ohio, Florida, Black, Miami, Israel, Puerto, Dade County, New York, Pennsylvania, Cheboygan County , Michigan, Republican County, North Carolina, University of North Carolina, Georgia, Fulton County, Atlanta, Nevada, Nebraska, Omaha, Wisconsin , Michigan

☆ 40% of Americans plan to retire with $1 million or more—it might not be enough
▼ + stars: | 2024-10-03 | by ( Ryan Ermey | ) www.cnbc.com time to read: +1 min

A million dollars isn't the symbol of wealth that it used to be, but saving that much for retirement is still rare. In fact, among those currently saving for retirement, 57% say the amount they're hoping to save is less than $1 million. If you withdraw money from your portfolio too fast, you drastically decrease the chances that the money will last for your entire retirement. Divide that figure by 4%, and you'll arrive at the amount you'll need to retire with: $2.5 million. If you plan to retire with $1 million, by the same calculation you can expect to withdraw $40,000 in your first year.

Persons: you'll Organizations: CNBC, SurveyMonkey, Security

Compare the Top Credit Cards With Free Airport Lounge AccessCapital One Venture X Rewards Credit Card Apply now lock icon An icon in the shape of lock. Credit Cards with Free Airline Lounge Access ReviewsChase Sapphire Reserve®The Chase Sapphire Reserve® is one of Business Insider's picks for all-around top travel credit cards. Capital One Venture X Rewards Credit CardThe Capital One Venture X Rewards Credit Card is one of the most powerful travel credit cards on the market. One of the Best Credit Cards for Airport Lounges is No Longer Available (But You Can Get it Anyway)The Ritz-Carlton™ Credit Card is perhaps the best travel credit card that isn't on the market. If you request it, Chase can convert your existing Chase-issued Marriott credit card, such as the Marriott Bonvoy Bold® Credit Card or Marriott Bonvoy Boundless® Credit Card , into the Ritz-Carlton Card.

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☆ Friday’s jobs report could be the last normal one for a while
▼ + stars: | 2024-10-03 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

CNN —September’s jobs report, due out Friday morning, is expected to show that the US labor market has slowed somewhat but remains on solid footing. While September’s employment data is expected to stay relatively tame, the same can’t be said for the October jobs report, which is set to be released on November 1, just days before the presidential election. The strikes and hurricane-related effects “are not going to permanently alter the trajectory of the labor market; but September is probably our last clean reading on the labor market for a while,” Ryan Sweet, chief US economist at Oxford Economics, told CNN earlier this week. The August jobs report, which showed better-than-expected estimated 142,000 payroll gains and a drop in the unemployment rate, went a long way to quell those fears. It showed that the jobs market is in “stasis,” Wells Fargo economists wrote in a note issued Tuesday.

Persons: bode, Lydia Boussour, ” Ryan Sweet, Helene, ”, Erica Groshen, They’ve, “, Andrew Challenger, Wells, Noah Yosif, ’ Sweet, Ejindu Ume, “ We’re, ” Ume Organizations: CNN, Federal Reserve, Boeing, Gulf Coasts, Oxford Economics, of Labor Statistics, Cornell University School of Industrial and Labor Relations, Employers, Challenger, Labor Department, Pantheon, Labor, BLS, “, American Staffing Association, Oxford, Miami University in Locations: EY, Hurricane, East, Gulf, Miami University in Ohio

☆ Amazon could cut 14,000 managers soon and save $3 billion a year, according to Morgan Stanley
▼ + stars: | 2024-10-03 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Morgan Stanley estimates Amazon can cut 13,834 managers and save roughly $3 billion next year. Morgan Stanley assumed that the cost per manager was $200,000 to $350,000 a year. Based on those numbers, Amazon would stand to save $2.1 billion to $3.6 billion next year if it cut those 13,834 manager roles. Morgan Stanley estimated that the savings would account for roughly 3% to 5% of Amazon's projected operating profit for 2025. AdvertisementStill, Morgan Stanley sees a huge opportunity for Amazon to make itself more efficient with these big moves.

Persons: Morgan Stanley, Andy Jassy, —, Jassy, Morgan Organizations: Service, Amazon, Business

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