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☆ If you invested $1,000 in drugmaker Eli Lilly 10 years ago, here's how much money you'd have now
▼ + stars: | 2024-08-08 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

One of the world's most valuable drug manufacturers by market capitalization reported its second-quarter earnings results Thursday, and they were impressive. Zepbound was approved Nov. 8 by the U.S. Food and Drug Administration as a treatment for weight management and obesity, according to Eli Lilly. In its first full quarter in the U.S. market, Zepbound brought in $517.4 million in revenue, Eli Lilly reported in April. "We just see unbelievable demand, and we're not even trying that hard to promote this drug," Eli Lilly CEO David Ricks told CNBC during a "Squawk Box" interview Thursday. And drug manufacturers such as Eli Lilly and Novo Nordisk, the pharmaceutical company that makes Ozempic and Wegovy, are racing to meet that demand.

Persons: you've, Eli Lilly, it's, Zepbound, we're, David Ricks, Morgan Stanley's Organizations: U.S . Food, Drug Administration, CNBC, Centers for Disease Control, Pew Research Center, Novo Nordisk Locations: U.S, United States

☆ You can pull $1,000 from your retirement savings penalty-free—but don't make it a habit, says retirement expert
▼ + stars: | 2024-08-06 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

The majority of Americans wouldn't be able to cover an unforeseen $1,000 expense with money from their own savings, according to Bankrate's 2024 emergency savings report. Generally, you'll face a 10% penalty for withdrawing money from retirement savings before you reach the age of 59½. For one, you can only make one $1,000 withdrawal per year. But if you don't replace that amount in your retirement account in full or through regular deposits within three years, you won't be able to make another $1,000 withdrawal during that repayment period. And you'll need to self-certify in writing with your retirement plan administrator that you need the money for an emergency.

Persons: wouldn't, Anne Lester, FOMO, Lester

☆ Here’s how much money Americans in their 50s have in their 401(k)s
▼ + stars: | 2024-07-31 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

The average American believes they'll need to save $1.8 million for their post-work years, according to Charles Schwab's "2024 401(k) Participant Study." However, most Americans in their 50s have much less than that stashed away for retirement. Here's how much Americans have in their 401(k)s by age, according to Fidelity. And that's just among people who have 401(k) retirement investment accounts. "Everyday expenses continue to be the top barrier to saving more for retirement, and some older Americans say that they never expect to retire," Venkateswaran says.

Persons: Charles Schwab's, Indira Venkateswaran, AARP's, Venkateswaran Organizations: CNBC, Fidelity Investments, Fidelity, AARP

☆ The 10 worst states to retire in the U.S.—No. 1 isn’t California or New York
▼ + stars: | 2024-07-30 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

While the best state to retire in the U.S. is also one of the smallest in the country, the worst state to retire is the largest. Alaska ranks as the worst state in the U.S. to retire for the third year in a row, according to Bankrate's study of the best states to retire in 2024. If you're looking for space to spread out during retirement, Alaska is the largest U.S. state by land area. However, it state ranked poorly across a number of Bankrate's measurements. Here are the 10 worst states to retire, according to Bankrate.

Persons: Bankrate Organizations: Council for Community, Economic Research, U.S . Census Bureau, Tax Foundation, National Oceanic, Atmospheric Administration Locations: U.S, Alaska

☆ This is the best state to retire in 2024—it's not Florida or California
▼ + stars: | 2024-07-28 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

The best state to retire in 2024 is also one of the smallest in the U.S.At around 96 miles long and 35 miles wide, Delaware ranks as the No. 1 state to retire this year, according to Bankrate's list of the best states to retire for 2024. Last year, it placed second behind Iowa on Bankrate's list. To compile the ranking, Bankrate analyzed data from several sources, including the Tax Foundation, the Council for Community and Economic Research, the U.S. Census Bureau and the National Oceanic and Atmospheric Administration. Bankrate evaluated all 50 states across five weighted categories:Affordability (40%): Includes factors such as cost of living and state and local sales tax ratesIncludes factors such as cost of living and state and local sales tax rates Overall well-being (25%) : Looks at factors such as the number of arts and entertainment centers and the number of adults over 62: Looks at factors such as the number of arts and entertainment centers and the number of adults over 62 Quality and cost of health care (20%): Considers factors such as the number of health-care establishments and the cost of health careConsiders factors such as the number of health-care establishments and the cost of health care Weather (10%): Evaluates the average annual temperature and average number of tornado strikes, earthquakes and hurricane landfallsEvaluates the average annual temperature and average number of tornado strikes, earthquakes and hurricane landfalls Crime (5%): Includes factors such as the number of violent crimes and property crimesHere are the 10 best states to retire in 2024, according to Bankrate.

Persons: Bankrate Organizations: Iowa, Tax Foundation, for Community, Economic Research, U.S . Census, National Oceanic, Atmospheric Administration Locations: U.S, Delaware

☆ Meet ‘X,’ the human voice behind Spotify’s AI DJ: ‘It’s a digitized version of me’
▼ + stars: | 2024-07-27 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +7 min

Xavier Jernigan, Spotify's head of cultural partnerships and the voice of the company's AI DJIf you think Spotify's AI DJ sounds more human than robot, there's a reason for that: It's modeled after an actual person, Xavier "X" Jernigan. Spotify rolled out its AI DJ product in the U.S. and Canada on February 22, 2023. So, they approached him to see if he would be interested in becoming a voice model for the AI DJ. Training the AI DJSpotify uses Sonantic, a dynamic text-to-speech AI voice platform the company acquired in 2022, and OpenAI technologies to power its AI DJ. Jernigan says being embraced globally as the voice of Spotify's AI DJ has been a humbling experience.

Persons: Xavier Jernigan, It's, Xavier, DJ X, Jernigan, Spotify's, Kendrick Lamar, Drake Organizations: Spotify, CNBC, DJ, Def Jam, Republic Records, Florida, Mechanical University, New York University Locations: U.S, Canada, New, Australia, New Zealand, Europe, Asia, Latin America, Africa, London, Sydney

☆ Setting aside $10 a day could help you save over $1 million for retirement—but you have to start early
▼ + stars: | 2024-07-25 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Although the thought of saving $1 million or more by the time you reach retirement age may seem overwhelming, the process doesn't have to be — especially if you start early. Instead of focusing on the total, try paying attention to your savings rate, which is the percentage of your annual pre-tax income you're contributing to your retirement investment account. But your savings rate is something you can control. Fidelity recommends a savings rate of at least 15%, inclusive of any employer match. To that point, you can begin your retirement savings journey by setting aside just $10 a day, or $70 a week.

Persons: it's, James Royal Organizations: Fidelity, CNBC

☆ Steve Jobs describes tech similar to AI chatbots in newly released clip from 1983—plus 2 more times his predictions came true
▼ + stars: | 2024-07-20 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

From the Macintosh computer to the iPhone, Apple's late co-founder Steve Jobs was widely considered an innovative visionary who helped revolutionize the way we use technology in our everyday lives. Now, a newly released clip from 1983 reveals Jobs may have been more ahead of his time than we knew. The Steve Jobs Archive's latest digital exhibit features never before seen video footage of a presentation given by the tech legend at the 1983 International Design Conference. In the clip, Jobs said that while he enjoyed reading books by Aristotle and Plato, he wished he could ask them questions. The machine would be able to generate responses to questions similar to how the real-life person may respond.

Persons: Steve Jobs, Jobs, Aristotle, Plato

About a week later, she came up with the idea to start her own flower truck business, Main Street Flower Truck. Hintze launched her business, Main Street Flower Truck, in August 2023. She decided to name her company after the street where she grew up, Main Street. After the family pulled over to inspect the truck, Hintze wrote down the number on the for-sale sign. By February, she made the choice to pour all of her time and energy into growing her flower truck business.

Persons: Vienna Hintze, Hintze, Tristan Pelletier, Fiona, they've, That's, Hintze hasn't, she's, I'm Organizations: CNBC, Syracuse University, Free People, Universal Music Locations: New York City, Vienna, Los Angeles, Long Island , New York, Ojai, Ventura County, L.A, bouquets

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email29-year-old quit corporate job to sell flowers — now she brings in up to $16,000 a monthVienna Hintze, 29, quit her corporate job in 2020 and started her own marketing agency in NYC. But after a cross-country move to Los Angeles, CA, she found herself wishing for a job that would give her more freedom from a 9 to 5 desk job. She started Main Street Flower Truck in August 2023, and in less than a year it has brought in over $40,000 selling flowers at pop-up events around LA. In May 2024, the business brought in about $16,000. 09:12 2 hours ago

Organizations: Vienna Hintze Locations: Vienna, NYC, Los Angeles , CA, LA

☆ National French Fry Day: McDonald’s, Wendy’s and 6 other places to get free or discounted fries
▼ + stars: | 2024-07-12 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

National French Fry is on Friday, July 12, and plenty of popular restaurant chains are offering freebies and deals to honor the holiday. Whether they're crinkle cut or curly, French fries are a favorite across the nation. The average American consumes around 34 pounds of French fries a year, according to the National Oceanic and Atmospheric Administration. The origin of French fries is unclear, despite the name, according to Britannica. President Thomas Jefferson is often credited with introducing the dish to Americans after returning from France with a recipe for "deep-fried potatoes in small cuttings," per the Thomas Jefferson Foundation.

Persons: Fry, Thomas Jefferson, Thomas Organizations: National Oceanic, Atmospheric Administration, Thomas Jefferson Foundation Locations: France, Smashburger

☆ Here's how much money Americans in their 30s have in their 401(k)s
▼ + stars: | 2024-07-07 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

People in their 30s may be a long way off from their retirement savings goals, but they have plenty of time to get on track. On average, Americans say they'll need around $1.46 million saved up to retire comfortably, according to Northwestern Mutual's "2024 Planning and Progress" study. And for millennials, the majority of whom are in their 30s, that number is a little over $1.6 million. Here's how much Americans have in their 401(k)s by age, according to Fidelity. How to get your retirement savings on track in your 30s

Organizations: Fidelity Investments, Fidelity Locations: Northwestern

☆ How much you need to save each month to retire with $1.46 million on a $50,000 salary
▼ + stars: | 2024-07-03 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

The amount of money Americans think they'll need to spend their post-work years in comfort keeps rising. On average, Americans say they'll need around $1.46 million to retire comfortably, according to Northwestern Mutual's 2024 Planning and Progress study. And younger generations think they'll need even more. Gen Z, defined as people between the ages of 18 and 27, say they'll need around $1.63 million, according to the study. Millennials, defined as those 28 to 43, expect they'll need $1.65 million.

Persons: Aditi Javeri Gokhale, Northwestern Organizations: CNBC Locations: Northwestern

☆ Mark Cuban is offloading a portion of his NFTs—one already sold for over $30,000
▼ + stars: | 2024-07-01 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

For the first time in two years, Mark Cuban is selling a portion of his collection of non-fungible tokens — and he's already made a little over $39,000. Most notably, he sold his Pudgy Penguin NFT for $30,950. Cuban could rake in even more money for his digital collectibles. Cuban has been a longtime collector of the virtual tokens and still has nearly 1,600 items in his cryptocurrency portfolio. Like other physical collectibles, such as comic books or postage stamps, NFTs may hold sentimental value to the collector.

Persons: Mark Cuban, NFT, NFTs, they're Organizations: ETH, Cuban, CNBC Locations: OpenSea

☆ Gen X says they'll need more than $1.5 million to retire comfortably—but most have less than 5% of that saved
▼ + stars: | 2024-06-29 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

For Gen Xers in their 40s and 50s, retirement may be right around the corner. On average, Gen Xers believe they will need around $1.56 million to retire comfortably, according to Northwestern Mutual's 2024 Planning and Progress study. Retirement saving obstaclesA few factors have prevented members of Gen X from setting aside more money for retirement. "When Gen Xers started working, they had to choose whether they wanted to enroll in their company's 401(k) plan," she tells CNBC Make It. How Gen Xers can boost their retirement savings

Persons: Xers, Gen Xers, that's, Gen, Gen Zers, Anne Lester Organizations: Allianz Life, CNBC, Fidelity Investments Locations: Northwestern

☆ OpenAI's CTO says AI tools can 'expand our intelligence,' but may cause some creative jobs to disappear
▼ + stars: | 2024-06-26 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

OpenAI's chief technology officer Mira Murati says AI may help expand humans' creativity — but the technology could wipe out some creative jobs as well. On June 19, Dartmouth College's school of engineering held a discussion with Murati about the potential effects OpenAI's tools, such as ChatGPT, may have on different industries. OpenAI's tools will "lower the barrier for anyone to think of themselves as creative," she added. However, she also said AI tools could have a potentially disruptive impact on creative industries. "Some creative jobs maybe will go away, but maybe they shouldn't have been there in the first place if the content that comes out of it is not very high quality," she said.

Persons: Mira Murati Organizations: Dartmouth

☆ Self-made millionaire: How I knew my wife and I were financially compatible—and the No. 1 red flag you shouldn't ignore
▼ + stars: | 2024-06-25 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

On his "I Will Teach You To Be Rich" podcast, self-made millionaire Ramit Sethi helps numerous couples figure out how to jointly navigate money challenges that may arise within their relationships. And when it comes to talking to your partner about money, there's one major red flag you shouldn't ignore. "If one partner will not talk about money, that is the most dire of circumstances," Sethi tells CNBC Make It. "Money determines many things, like where you're going to live, what you're going to eat, how often you're going out or if you will have children," he says. But whether you're married, casually dating or somewhere in-between, discussing finances with your partner can be easier said than done.

Persons: Rich, Ramit Sethi, Sethi, Cassandra, Here's Organizations: CNBC

☆ How much money Americans need saved for emergencies to feel comfortable, and how much they have
▼ + stars: | 2024-06-21 | by ( Cheyenne Devon | ) www.cnbc.com time to read: 1 min

Although many Americans know much money they would need in their emergency fund to feel comfortable, reaching that goal is easier said than done. Nearly 90% of Americans agree with the traditional rule of thumb: Save enough money to cover at least three months of expenses, according to Bankrate's "2024 Annual Emergency Savings Report." And many feel like they would need about double that amount. A little over 60% of Americans say they'd need enough money saved to cover six months of expenses or more, per the report. Regardless, in reality, most respondents fall short, according to the report, and wouldn't be able to cover a $1,000 emergency expense using their savings.

Persons: wouldn't

☆ This self-made millionaire only uses 2 credit cards and doesn’t chase points: ‘There’s a point where it’s diminishing returns’
▼ + stars: | 2024-06-18 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Using credit cards responsibly can earn you a number of perks, from store discounts to airline miles. And although some people may spend hours strategizing ways to rack up rewards points they can swap for those perks, self-made millionaire Ramit Sethi says he chooses not to "play the credit card points game." "The point of my life is not to squeeze out the absolute maximum amount of credit card rewards. Sethi says he mainly uses two credit cards for his personal expenses: a card that offers travel rewards and a card that offers cash back. After taking a look at his own spending, he figured out that those cards were enough for him since he didn't want to overcomplicate his finances by needing to keep track of multiple credit cards.

Persons: Ramit Sethi, Sethi, Rich, he'll Organizations: CNBC

☆ From Dunkin' to Krispy Kreme, 6 places to score discounts and freebies for National Doughnut Day
▼ + stars: | 2024-06-05 | by ( Cheyenne Devon | ) www.cnbc.com time to read: 1 min

Doughnut fans rejoice, a day recognizing the classic sweet treat is right around the corner and plenty of restaurants are offering discounts and freebies to mark the occasion. National Doughnut Day is celebrated annually on the first Friday in June, which falls on June 7 this year. It was created around 86 years ago by the Salvation Army to commemorate their "Donut Lassies." This group of women volunteered with the Salvation Army in 1917, going to France to care for wounded soldiers. Today, many chains throughout the U.S., including Dunkin' and Krispy Kreme, mark the day with deals.

Persons: Dunkin, Krispy Organizations: Salvation Army Locations: France, U.S

☆ The ‘dangerous’ but common mistake a self-made millionaire says couples often make with money
▼ + stars: | 2024-06-03 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

However, there's a common mistake he sees couples make when it comes to managing their money. "Often one partner has taken on the role of the 'money person,'" he tells CNBC Make It. What to do if you're the 'money person' in your relationshipIf you're the "money person" in your relationship, you might want to make a change, Sethi says. "The person who's the 'money person' has to take on the responsibility of gently recalibrating the relationship." Additionally, if you're the "money person," don't overuse financial terms like "compound interest" or "tax-advantaged accounts" that your partner may not understand.

Persons: combatting overspending, Ramit Sethi, Rich, Sethi, It's, doesn't, You've Organizations: CNBC, Fidelity Investments

☆ ‘Not all debt needs to be paid off as soon as possible,’ says CFP—what to focus on first
▼ + stars: | 2024-05-31 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +3 min

A little over 40% of Americans would consider themselves financially successful if they were able to clear their debt, according to a recent Bankrate survey. That number includes mortgage debt, car loans, student loan debt and credit card debt. "Not all debt needs to be paid off as soon as possible," she tells CNBC Make It. For each debt, include the name of your lender, your outstanding balance, the minimum payment, any due dates and the interest rate. And the interest rate for federal student loans ranges from 5.5% to 8.05%, per the Department of Education.

Persons: isn't, Avani Ramnani, Francis, Ramnani, Matt Schulz, Louis Organizations: New York Federal Reserve, Francis Financial, CNBC, Federal Reserve Bank of St, of Education

☆ If you invested $1,000 in Chipotle 10 years ago, here's how much money you'd have now
▼ + stars: | 2024-05-30 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Chipotle has come a long way since the burrito-maker first went public nearly 20 years ago. Although it was founded in 1993, the restaurant chain made its stock market debut in January 2006 with shares priced at $22 each. Chipotle's stock price sat at $3,072.85 as of the market close on May 29. The chain is also preparing for its first stock split, which is set to take place after the market close on June 25. "This split comes at a time when our stock is experiencing an all-time high driven by record revenues, profits, and growth."

Persons: Chipotle, Jack Hartung Organizations: Washington D.C Locations: Washington, U.S, Canada, United Kingdom, France, Germany

☆ This type of coin is 'among the riskiest of cryptocurrencies,' investing expert says—here's what to know
▼ + stars: | 2024-05-29 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +4 min

In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display on March 5, 2024 in Paris, France. As meme stocks like GameStop temporarily surged this month, it appears meme coins are having a moment as well. But before you consider investing in cryptocurrency, it's important to understand the difference between meme coins, altcoins and bitcoin. And although every meme coin is an altcoin, every altcoin isn't necessarily a meme coin. "Meme coins are among the riskiest of cryptocurrencies because they seem to emerge from nowhere and information about them can be sparse," he says.

Persons: shiba, Pepe, Bitcoin, Satoshi Nakamoto, Nakamoto, Altcoins Altcoins, James Royal, you'll Organizations: GameStop, U.S ., CNBC, Federal Trade Commission Locations: Paris, France, cryptocurrency, stablecoins

☆ Self-made millionaire’s No. 1 money tip for new grads: ‘Do this for as long as you can, and you will be a multimillionaire’
▼ + stars: | 2024-05-27 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

How to begin investingA simple way to get started is by purchasing low-cost index funds, Sethi says. Index funds track market indexes like the S&P 500, which follows the stock performance of around 500 large U.S. publicly traded companies, such as Microsoft, Apple and Nvidia. To get started, you'll need to open a brokerage account, traditional IRA, Roth IRA or other investment account. But don't let your funds simply sit in your brokerage account. You'll need to go one step further and decide which funds you'd like to invest in.

Persons: Ramit Sethi, Rich, You've, Sethi, Roth, you've Organizations: CNBC, U.S, Microsoft, Apple, Nvidia, Roth IRA

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