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☆ The S&P 500 looks risky and expensive - and could plunge 25% if something shocks the system, Morgan Stanley's stock chief warns
▼ + stars: | 2023-09-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

The S&P 500 is priced for perfection and could plunge 25% if problems crop up, Mike Wilson says. Morgan Stanley's stock chief says the outlook for company earnings and the economy is pretty grim. The benchmark S&P 500 and tech-heavy Nasdaq Composite have rallied 17% and 33% respectively this year. He suggested a shock to the system of that kind could send the S&P 500 plummeting from nearly 4,500 points today to the low 3,000s — a drop of more than 25%. AdvertisementAdvertisementIn short, Wilson sees very limited upside and material downside to investing in the S&P 500 today.

Persons: Mike Wilson, Morgan Stanley's, Wilson, Rosenberg, Morgan, China's, Sharp, aren't Organizations: Big Tech, Service, Nasdaq, Federal Reserve, Wall, Bank of, Nvidia, Microsoft Locations: Wall, Silicon, Bank of Japan

This story is part of CNBC Make It's Millennial Money series, which details how people around the world earn, spend and save their money. Ethan Nguonly, 22, is a software engineer at Google living in Orange County, California. Living in Orange County, California, Nguonly aims to spend intentionally in order to put as much money as he can toward his investments. Tristan Pelletier | CNBC Make ItAbout a year after buying his investment property, Nguonly purchased his primary residence in La Palma, California. While he's kept a significant amount of money in crypto, Nguonly now mainly focuses on investing in ETFs and real estate.

Persons: Ethan Nguonly, it's, he's, Nguonly, Tristan Pelletier, Nguonly's, I'm, Ethan Nguonly Nguonly's, lockdowns, couldn't, — Nguonly, It's, it'd, didn't, Sakura, takeout, you've, there's Organizations: CNBC, FIRE, Google, University of California, UC Berkeley, Transportation, Spotify Locations: Orange County , California, Florida, California, Berkeley, Qualtrics, Virginia, Riverview , Florida, Riverview, Hurricane, La Palma , California, Orange County, New York, Singapore, Cambodia

☆ Opinion | America Isn’t in the Women’s World Cup Final, but the Team’s Legacy Is All Around Us
▼ + stars: | 2023-08-18 | by ( Lindsay Crouse | ) www.nytimes.com time to read: +2 min

This is no ordinary “Shut up and play.” What they really seem to be saying is: Just shut up. In that way, the experience of the U.S. women’s team reflects the confounding experience of so many women trying to make a case for their callings and careers around the world. That was the setting chosen by FIFA, world soccer’s governing body, for the first Women’s World Cup. Instead, it got the consolation prize of women’s soccer, a sport nothing like the glory of soccer played by men. The male organizers of the tournament seriously considered having the women play with a smaller ball — a size used by children.

Persons: —, Let’s, April Heinrichs, ” Organizations: U.S, FIFA Locations: Guangdong, China

☆ ‘Miracles Occurred That Night’: A Mad Scramble to Save Maui Pets
▼ + stars: | 2023-08-17 | by ( Ernesto Londoño | More About Ernesto Londoño | ) www.nytimes.com time to read: +1 min

As flames engulfed his home, Frederick Shaw grabbed Munchkin, one of his five cats, and darted through a cloud of thick smoke gasping for air. The 73-year-old Navy veteran stumbled onto the scorching pavement, which severely burned the palms of his hands. “And I let go of the cat.”A few blocks away, Rafael Ochoa, another longtime resident of Lahaina, the historic seaside community in West Maui, darted into his flaming house. “She’s family.”As an inferno fueled by furious winds engulfed Lahaina, survivors made wrenching choices the night of Aug. 8. Scrambling for safety, many took enormous risks to save beloved pets.

Persons: Frederick Shaw, Munchkin, “, ”, Rafael Ochoa, cramming, Bella, ” Mr, Ochoa Organizations: Navy Locations: Lahaina, West Maui, darted

Economy seats account for 79.3% of seats between the U.S. and Europe, down from nearly 81.9% in 2018, before the pandemic, according to aviation data firm Cirium. Business-class seats' share of seats sold has grown slightly, from 12.9% to 13.5% though premium economy's share has increased even more, making up 6.4% of seats sold, up from 4.2% five years ago, while first class seats' share fell. Delta, JetBlue Airways , United Airlines , American Airlines , Finnair and Lufthansa are among the carriers that have recently announced upgraded first-class seats, suites with sliding doors or premium economy cabins. On rival United Airlines , a similar itinerary was nearly $1,850 in premium economy and $912 in standard coach. Business class easily tops $5,000 for that route.

Persons: DAL, Natalie Rasmussen, I'm, Rasmussen, Leslie Josephs, Edward Dryden, Delta Organizations: Airline, Delta Air Lines, Virgin Atlantic's, Virgin, U.S, JetBlue Airways, United Airlines, American Airlines, Finnair, Lufthansa, Singapore Airlines, CNBC, Collins Aerospace, Delta, Suites Locations: Europe, San Jose , California, London, Germany, Czech Republic, Delta, Emirates, New York, Paris

Some also said the tragic end, when it came, was precipitated by the actions of the Greek coastguard. after a Greek coastguard vessel attached a rope to the bow of the trawler and began to pull it while picking up speed. The shipping ministry, which oversees the coastguard, told Reuters it couldn't comment on issues that were the subject of a confidential and ongoing investigation by prosecutors. Nikos Spanos, a retired admiral in the Greek coastguard, told Reuters it was unlikely that a coastguard vessel would have attempted such a dangerous manoeuvre as towing the stricken trawler. Three survivors told authorities they paid anywhere from 50 to 200 euros ($55-220) extra for places on the outer deck, considered safer.

Persons: Stelios Misinas, Adriana, haven't, Mohamed, Nikos Spanos, Renee Maltezou, Jonathan Saul, Riham, Rachel Armstrong, Pravin Organizations: Hellenic Coast Guard, REUTERS, Greek coastguard, coastguard, Reuters, GO, Thomson Locations: Greece, Kalamata, KALAMATA, North Africa, Italy, Greek, GO ITALY, Pylos, Syria, Egypt, Pakistan, Tobruk, Europe, Tunisia, Libya, Athens, London, Berlin

Liang took the grueling two-day exam, known as the “gaokao,” in early June alongside nearly 13 million students nationwide. Students’ exam results are their only criteria for college admission – and most candidates only get one shot, with the test happening once a year. “It may be a little difficult if I want to go to a good university this year,” he said in the video. He’d even accepted that Sichuan University might be out of reach, deciding to attend any “key university” that would accept him. Ahead of this year’s test, many students visited temples to light incense and pray for good results.

Persons: Liang Shi, Liang, ”, he’s, “ I’m, livestream, “, He’d, master’s Organizations: Hong Kong CNN, Sichuan University, China Daily Locations: Hong Kong, ”, Sichuan, China, Nanjing

Lower your monthly paymentsWith a new mortgage refinance rate, you could potentially lower your monthly payments, too. AdvertisementKeep in mind, if you stretch your mortgage out across a longer term, you'll be paying your mortgage for longer. Pay off your home soonerMaybe your original mortgage term was 30 year mortgage, and you have 20 years left on your mortgage. Cons of refinancing your mortgagePay closing costsJust as with your original mortgage, you'll have to pay closing costs when you refinance. A cash-out refinance replaces your initial mortgage, but a home equity loan adds a second mortgage payment to your monthly expenses.

Persons: —, you'll, refinance, it's, you've Organizations: Service, PMI, Federal Reserve

☆ Wearing Apple's Vision Pro for 30 minutes put a big red mark on the forehead of WSJ's gadget reviewer
▼ + stars: | 2023-06-07 | by ( Nicholas Carlson | ) www.businessinsider.com time to read: +4 min

Wall Street Journal gadget reviewer Joanna Stern got to try out Apple's new Vision Pro. Stern's video then zooms in, the contrast and lighting shifts, and you see this…WSJ tech reviewer's forehead looks red after she wore an Apple Vision Pro WSJ/Joanna Stern/YouTubeYikes! Apple told Stern any discomfort she encountered after wearing Vision Pro goggles may have been because it only had limited-sized "light seals" at the demonstration space. Apple's Vision Pro is constructed of aluminum alloy and a snazzy single piece of exterior glass, which is why it looks so much nicer than the competition. Apple's new Vision Pro headset was announced on Monday at the company's WWDC conference.

Persons: Joanna Stern, Stern, Apple, Ben Gilbert, Apple It's Organizations: Wall, Apple Vision, Apple

☆ The double-decker airplane seat is back. Here’s what it looks like now
▼ + stars: | 2023-06-06 | by ( Francesca Street | ) edition.cnn.com time to read: +10 min

It might not sound particularly appealing on paper, but 23-year-old airplane seat designer Alejandro Núñez Vicente believes double-level seating is the future of economy flying. You may have seen a photo of Núñez Vicente’s Chaise Longue Airplane Seat prototype floating around the internet. Núñez Vicente envisages an airplane cabin in which the Chaise Longue is in the center, flanked by two rows of regular airplane seating. He says he designed the Chaise Longue to solve the airplane seat conundrum – not make it worse. The earlier iteration of the Chaise Longue Airplane Seat at AIX 2022.

Persons: Germany CNN —, Alejandro Núñez Vicente, Núñez, ” Núñez Vicente, ”, Núñez Vicente, they’ve, he’s, “, “ It’s, it’s, ” Alejandro Núñez Vicente, ’ ”, Núñez Vicente’s, Francesca Street, CNN Núñez Vicente, Clara Service Soto, van, didn’t, you’re, “ there’s, Service Soto, “ We’re, Vicente, He’s Organizations: Germany CNN, CNN Travel, Aircraft, legroom, 1OFF, CNN, AIX, Clara, Service, “ Locations: Hamburg, Germany, “, Madrid, Spain, Europe

☆ Inside the Wall Street internship: A 21-year-old investment-banking intern walked us through a 75-hour work week churning out pitch decks, partying in Brooklyn, and digging into ice cream at the offic
▼ + stars: | 2023-06-06 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

From late-night ice cream parties to cramming on their final project, here's a look. 8 P.M.: Back to the office to work on some slides for an upcoming public offering for a client. Afterward, I continue working on my final project. I ordered Sweetgreen while I kept plugging away on my final project. Just focusing on my final project this morning; it's due this weekend.

Persons: We're, it's, Sweetgreen, I'm, Goldman Sachs, Van, interning, Morgan Stanley, He's, Goldman Organizations: Wall, Marriott Marquis, Princeton Locations: New York, Bryant Park, Brooklyn, New York City, We're

INVESTMENT HELPSThe company based in Hove on Britain's south coast was one of 61 firms - most with 25 or fewer employees - to take part in the world's biggest four-day week trial last year. The experience of some companies in the first trial suggests that moving to a four-day week might help, if it prompts firms to spend more on equipment and training. It piloted a four-day week for its 80 New Zealand staff over 18 months, and has since extended it to 500 workers in Australia, a move it hopes will attract new talent. British recruitment agency Reed.co.uk said it had seen a rise in the number of job advertisements offering a four-day week since the start of the year. Allcap, a supplier of industrial components with 36 employees in western England, tried a four-day week after its staff had worked flat out during the pandemic to supply protective equipment and ventilator parts.

Long stuck in the shadow of Erdogan and his Islamist-rooted AK Party (AKP), opposition leader Kilicdaroglu has flourished on the campaign trail with polls showing he has a slight lead. Kilicdaroglu said a fundamental problem of Turkey's foreign policy during the tenure of Erdogan's AKP was the exclusion of the foreign ministry in the policy making process. 'PEACE-ORIENTED FOREIGN POLICY'"We would pursue a peace-oriented foreign policy that prioritises Turkey's national interest. Before entering politics, Kilicdaroglu worked in the finance ministry and then chaired Turkey's Social Insurance Institution for most of the 1990s. A year after losing a mayoral run in Istanbul, he was elected unopposed as party leader in 2010.

Our experts choose the best products and services to help make smart decisions with your money (here's how). My partner was willing to carry most of our financial load — and I couldn't help but find it unfair. However, being able to prioritize my health has been a huge benefit to my wellbeing. Some people assume that people with chronic pain and fatigue can just "work through it" or distract themselves with work. When it comes down to it, I realize that I need to take care of my physical health first.

☆ When a Walkable City Becomes a Death Trap
▼ + stars: | 2023-04-28 | by ( Ginia Bellafante | ) www.nytimes.com time to read: +3 min

Last year saw 257 traffic fatalities in the city; just one fewer than there had been nine years ago, when Vision Zero began. The pandemic managed both to confirm and undermine New York’s reputation as the most walkable city in the country. Speeding and reckless driving were the leading causes of traffic deaths, and in 2021 they reached their highest point in the Vision Zero era. Nationally, there were more pedestrian deaths in 2021 than there had been in 40 years. Under Vision Zero, the Department of Transportation was tasked with identifying “priority corridors” — those stretches where pedestrian deaths and serious injuries are most concentrated.

☆ What Are People Even Doing All Day?
▼ + stars: | 2023-04-12 | by ( Malia Wollan | ) www.nytimes.com time to read: +12 min

For Laroi, there is no clearly defined day or night. Sometimes he drives all night and sleeps all day; sometimes he sleeps all day and drives all night. One day a week, Sophie works late so she can meet with far-flung colleagues in real time. Now she has enough energy left at the end of the day to go grocery shopping and cook dinner. The time markers reflect the time of day when participants told an interviewer they would normally be doing the activity shown.

☆ Florida Great Displacement: Climate Change Forces Residents to Leave State
▼ + stars: | 2023-02-21 | by ( Jake Bittle | ) www.businessinsider.com time to read: +14 min

The Keys are also the first flock of canaries in the coal mine of climate change. The hurricane made undeniable what previous floods had only suggested: that climate change will someday make life in the archipelago impossible to sustain. The decision to leave, on the other hand, which once signified surrender, now looks more like acceptance of the inevitable. It's this messiness that is reflected in the word "displacement": the migratory shifts caused by climate change are as chaotic as the weather events that cause them. This is an excerpt adapted from THE GREAT DISPLACEMENT: Climate Change and the Next American Migration by Jake Bittle.

☆ 'Ant-Man and the Wasp in Quantumania' reviews: The villain is good, but the movie is bad
▼ + stars: | 2023-02-15 | by ( Sarah Whitten | ) www.cnbc.com time to read: +6 min

DisneyAre the pint-sized heroes of Disney's "Ant-Man and the Wasp in Quantumania" enough to take on the newest — and baddest — villain of the Marvel Cinematic Universe? Marvel Studios' "Ant-Man and the Wasp: Quantumania." "Ant-Man and the Wasp in Quantumania" held a 53% "rotten" rating from 148 reviews, as of Wednesday afternoon. "Sometimes the weight of all this responsibility causes 'Ant-Man and the Wasp: Quantumania' ... to buckle at the knees," O'Sullivan wrote. Hope Van Dyne (Evangeline Lilly) and Scott Lang (Paul Rudd) in "Ant-Man and The Wasp in Quantumania."

☆ These custom sleeper cabs are like luxurious tiny homes for long-haul truckers — see inside
▼ + stars: | 2023-02-06 | by ( Tim Levin | ) www.businessinsider.com time to read: +1 min

ARI Legacy Sleepers builds luxurious, custom sleeper cabs for long-haul truckers. ARI Legacy Sleepers builds spacious, feature-packed sleeper cabs complete with toilets, showers, kitchens, TVs, and other amenities to make life a bit comfier for when truckers are off the clock. Although high-end tiny homes and camper vans are a relatively new trend, ARI Legacy Sleepers has been cramming big-time amenities into pint-sized spaces since 2001. Customers can choose from a variety of sizes and floor plans, or they can work with ARI to design a fully custom sleeper from the ground up. Keep scrolling to take a closer look at some of ARI Legacy Sleepers' creations.

☆ Samsung Galaxy S23 Ultra hands-on and how to preorder
▼ + stars: | 2023-02-01 | by ( Mike Andronico | ) edition.cnn.com time to read: +9 min

The S23 Ultra seems like a conservative upgrade on the surface, cramming a faster processor and some quality-of-life updates into a familiar design. Here’s what we think about the Galaxy S23 Ultra after getting our hands on one for a few hours. Galaxy S23 Ultra price and preordersThe Galaxy S23 Ultra is available for preorder now starting at $1,200 with 256GB of storage and in your choice of Phantom Black, Cream, Green or Lavender, with units set to ship on Feb. 17. Same slick design with a wild new cameraMike Andronico/CNNWe wouldn’t blame you for mistaking the Galaxy S23 Ultra for last year’s model at a quick glance. Just like its predecessor, the S23 Ultra feels great to hold, with flat edges that give it some extra grip over the curvier S23 and S23+.

☆ 3 Airbnb hosts share how they set up low-lift, reliable income streams — and they achieved 'superhost' status
▼ + stars: | 2023-01-11 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +7 min

Airbnb gives hosts who get consistently good reviews after a year the status of "superhost." They shared their strategies for landing superhost status and avoiding common mistakes that can leave guests dissatisfied. Mosher, who's had 4,300 five-star reviews, shared her dos and don'ts for getting superhost status. She said that to get superhost status, hosts should communicate with guests throughout their stay. "But if we canceled on a guest reservation ourselves, it will hurt us in obtaining superhost status — which would ding our ranking."

☆ These people kept New Year's resolutions like saving $20,000 and reading 52 books — here's how they did it
▼ + stars: | 2022-12-31 | by ( Eve Peyser | Forge Medium | ) www.businessinsider.com time to read: +11 min

My most successful resolution to date was in 2020, when I vowed to learn how to drive a car. Courtesy of MikeI used to only set unquantifiable New Year's resolutions for myself, like "lose weight." But now I think of resolutions as goals I can accomplish that would be nice for me, not for anyone else. I really just try to frame my resolutions as, "What would make me feel really good this year?" I decided not to spend money on clothing, books, media, and video games, which was really hard because Animal Crossing came out that year.

☆ Goldman insiders are up in arms over David Solomon's plan to slash bonuses. They fear widescale departures and point to the CEO's failed foray into consumer banking.
▼ + stars: | 2022-12-22 | by ( Dakin Campbell | Emmalyse Brownstein | ) www.businessinsider.com time to read: +11 min

Some are pointing the finger at CEO David Solomon and his spending on the consumer banking business. "Out of control" spendingGoldman insiders are also still fuming over spending on Goldman's consumer business, and there are fears this resentment could escalate with next month's earnings. The consumer bank includes Marcus, a digital banking platform that offers high-yield savings accounts, and the Apple credit card. It was key to Solomon's plan to diversify the company away from its core investment banking business. Goldman pulled back on its consumer banking ambitions earlier this year amid questions about how much cash was being burned on the strategy, led by Stephanie Cohen.

☆ A Google marketing manager and former EY consultant shares 4 tips on how to land your dream job
▼ + stars: | 2022-12-08 | by ( Jenna Gyimesi | ) www.businessinsider.com time to read: +5 min

Caitlyn Kumi is an associate product-marketing manager at Google and former EY consultant. This as-told-to essay is based on a conversation with Caitlyn Kumi, a 23-year-old product marketing manager based in New York City. I landed a job as an associate product marketing manager at Google just one year after graduating from college. To feel out company culture, I ask questions like, "What does success look like at your organization?" It's really important to have a strong profile section and a great picture.

Adobe Analytics expects consumers to spend between $11.2 billion and $11.6 billion on Cyber Monday. Overall, Black Friday sales topped $8.9 billion last year, versus $10.7 billion on Cyber Monday 2021. Meanwhile, e-commerce giant Amazon said sales on Black Friday broke a record, underscoring the appeal of shopping online. Sarah Hymer, a mother of two in Utah, said she hadn’t planned on any in-store Black Friday shopping. Rega, holding multiple bags, said Black Friday prices struck her as “comparable” to a year ago.

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