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We pay 37% taxes on our income up to $190,000 (Australian dollars) and 45% on anything over that. Housing prices are very high, but we don't pay property taxI paid over one million for a three-bedroom, two-bathroom house that's about 15 minutes outside the city. One benefit is that we don't pay property taxes. I figure if we stay here for five years, we'll break even on the amount we would have paid in property tax in the US. Plus, it's predictable — we own the home without worrying about rising property tax rates.
Persons: Chelsey Nelson, she's, , Aiden, COVID, wouldn't, I'd, we'll, I'm, There's Organizations: Service Locations: Seattle, Australia, Rio de Janeiro, Brisbane, Washington
He recently told the Wall Street Journal editorial board that Chinese President Xi Jinping respects him but also knows he’s “crazy” and wouldn’t provoke him. But Chinese officials might also see potential for Musk to be a mitigating influence on issues such as tariffs. Like other American business leaders, Musk has met with senior Chinese officials as Beijing courts international companies. AP fileIf Chinese officials receive Musk almost like a world leader, the Chinese public treats him like a rock star. Chinese officials have not been shy about making the connection between what Musk says and where he makes his money.
Persons: Donald Trump, Elon Musk, Jia Qingguo, Trump, ” Jia, Xi Jinping, he’s, ” Trump, Joe Biden’s, , they’re, , Kelly Grieco, Musk, Li Qiang, Qin Gang, ” Grieco, Jennifer Lian, Henry Kissinger, Ian Bremmer, Tesla, Kuan, “ He’s, ” Tesla, Li Keqiang, Li, ” Musk, Grieco, didn’t, Xi, Qin, Hsiao, Kamala Harris, Janis Mackey Frayer, Jennifer Jett Organizations: SHANGHAI, Trump, Peking University, NBC News, Wall Street, Stimson, Qin, Weibo, Communist Party ., Eurasia Group, SpaceX, Shanghai Gigafactory, Getty, U.S, Shanghai, NBC, Global Times, Financial Times, Beijing, Washington, U.S ., Democratic Locations: China, Beijing, Musk, Washington, U.S, United States, York, Shanghai, Chinese, Jiangsu, Xinjiang, Taiwan, Hong Kong, Starlink, Ukraine, Russian, British, European
Newly public child care services provider KinderCare Learning has a standout strategy that could boost its profits well into the future, according to Goldman Sachs. Goldman Sachs led the KinderCare initial public offering at $24 a share last month. The company also serves families across all income demographics, including those that get subsidies for child care, which broadens its addressable market. Goldman estimates the domestic child care industry is worth about $76 billion, and predicts it should grow at an annual rate of about 6% long term. Tong expects KinderCare revenue to top that, rising between 6% and 9%, as it makes acquisitions of smaller providers and further cements its advantages as a large-scale player.
Persons: Goldman Sachs, George Tong, Tong, Goldman Organizations: KinderCare, New York Stock Exchange, Child Care Locations: U.S, KinderCare
CNN —An American-Iranian journalist who once worked for a US-funded broadcaster is believed to have been detained in Iran, according to his former employer and multiple press freedom groups. Iran has not acknowledged detaining Valizadeh and the Iranian mission to the United Nations has declined to comment on his situation. The US-based Human Rights Activists News Agency, which focuses on Iran, also believes Valizadeh is being held in Evin. Iran has a long history of using dual nationals as bargaining chips in its troubled relationship with the West. It is currently marking the 25th anniversary of the 1979 Iran hostage crisis, in which 52 US citizens were held captive for 444 days.
Persons: Reza Valizadeh, Valizadeh, Ayatollah Ali Khamenei, , Yeganeh Rezaian, Organizations: CNN, Radio Farda, Free, Radio Liberty, RFE, United Nations, US State Department, Farda, Islamic Revolutionary Guard Corps, Intelligence Organization, Protect Journalists, Rights, News Agency, Department of State’s, State Department, US Locations: American, Iranian, Iran, Tehran, Free Europe, Switzerland, United States, Israel, New York, Iran’s, Evin, East, North Africa
Shifting to a skills-first hiring approach diversifies talent pools and improves job matching, helping find the best candidates for the job. AI tools like Indeed Smart Sourcing can help put the focus on candidates' skills to streamline sourcing and reduce hiring time. Amid rapid technological advancement across industries, employers' hiring needs are changing, requiring them to bring the right talent on board quickly. The skills-first hiring approach can also ultimately help employers reduce both the time and costs associated with hiring, especially when supported by AI. As hiring needs continue to evolve, making the hiring process easier with AI helps companies better plan and staff for the future.
Persons: Donal McMahon, Chris Hyams Organizations: Employers, Harvard, Insider Studios
The secret to a successful salary negotiation isn't what you ask for, but how you do it. Explaining why you deserve a higher salary makes the conversation more collaborative than confrontational. It also shows the hiring manager that you're invested in the role and have done your homework, Broda adds. Ultimately, "hiring managers are on your side in salary negotiations," says Broda. Take CNBC's new online course How to Negotiate a Higher Salary.
Persons: Adam Broda, Broda Organizations: Amazon, CNBC, LinkedIn
The lower capital gains tax rate was increased to 18% from 10%, while the higher rate climbed to 24% from 20%. Reeves said the increases will help bring in £2.5 billion ($3.2 billion) of additional capital to the public purses. Still, Reeves said the U.K. would still have the lowest capital gains tax rate of any European G7 economy. watch nowReeves announced that the rate of tax on carried interest, which is charged on capital gains, would rise to 32%, up from 28% currently. She nevertheless urged the government to look seriously at mandating that pension funds diversify their allocation to riskier assets like venture capital — a common ask from VCs to boost the U.K. tech sector.
Persons: Rachel Reeves, Reeves, BADR, Paul Taylor, Taylor, Haakon Overli, Dawn Capital, Overli, Anne Glover, Glover, Clarity, Steve Hare, Sage, Sean Reddington, Reddington Organizations: Labour Party Conference, ACC Liverpool Convention Center, Anadolu, Getty, LONDON, Labour, CGT, National Insurance, Unicorn Council, Nvidia, Dawn, NVIDIA, Amadeus Capital, Wealth, Norway's, Fund Global, Saudi Arabia's Public Investment Fund Locations: Liverpool, British, Britain, VCs
You can put even more of your pre-tax dollars toward saving for retirement in 2025. The Internal Revenue Service announced the new 401(k) contribution limits for 2025 on Friday. Individuals can contribute up to $23,500 to employer-sponsored retirement accounts including 401(k)s, 403(b)s, most 457 plans and federal Thrift Savings Plans. People in that age range can contribute an additional $11,250 in 2025 to hit a maximum contribution of $34,750. If you don't have access to a 401(k) or want an additional retirement account, savers can contribute up to $7,000 to an individual retirement account in 2025, plus an additional $1,000 for those ages 50 and older, the same limits as in 2024.
Persons: Roth Organizations: Internal Revenue Service, Savings, People
The new contribution limit for 401(k)s and other workplace retirement plans in 2025 will be $23,500, up from $23,000 currently, the Internal Revenue Service said Friday. The catch-up contribution limit will remain the same at $7,500. Now for an ounce of reality: Most people do not max out their 401(k) savings, whatever their applicable contribution limit. Higher income thresholds for IRAsThe IRS did not increase the contribution limits for individual retirement accounts, known as IRAs. If you’re married and filing jointly and you personally are covered by a workplace retirement plan, your joint modified AGI must not exceed $146,000, up from $143,000.
Persons: CNN —, , , Roth IRAs, Roth, you’re Organizations: CNN, Internal Revenue Service, IRS, Vanguard, America, Social, Fidelity
He added, "Votes of union workers in the United States against tentative agreements tend to reflect the white-hot anger of union employees against their employers. Tentative agreements are their only chance for them to express their frustration with their employer and their anger at the way they have been treated." A BNSF spokesperson said it is planning to attend the formal national labor negotiations even as it has announced nine tentative union agreements, five of which have already been ratified. It also has tentative agreements with the International Brotherhood of Electrical Workers (IBEW), SMART-TD, SMART-TD-YDM (Yardmasters Department), the International Brotherhood of Boilermakers, and Iron Ship Builders (IBB). To date, Norfolk Southern has reached tentative agreements with 10 of its 13 unions, covering approximately 67% of its craft workforce.
Persons: Berkshire Hathaway, Jeremy Ferguson, Ferguson, Joe Biden, Richard Edelman, Mooney, Green, Murphy, Welch, Daniel Imbro, Stephen, Brotherhood of Railway Carmen, we've, Mark George, Imbro, it's Organizations: Union Pacific, CSX, BNSF, Canadian Pacific, Canadian Pacific Kansas City —, SMART, Railway Labor, National Carriers ' Conference Committee, Railroads, NSC, National Conference of Firemen, Oilers, Tran, Transportation Communications Union, TCU, Brotherhood of Railway, International Brotherhood of Electrical Workers, Yardmasters Department, International Brotherhood of Boilermakers, Iron Ship Builders, Norfolk, Norfolk Southern, National Carriers ' Locations: Southern, Berkshire, Canadian Pacific Kansas, United States, Norfolk Southern, Norfolk
In October 2023, Soni Mehra left her Big Tech job to focus on her own home decor business. I was accustomed to working with larger teams in Big Tech, so I've had to get used to balancing multiple tasks. Thankfully, I can rely on savings from my prior Big Tech roles. I no longer make the same salary as I did in Big Tech, but still prioritize spending money on things my partner and I value, like travel. People ask me if I'd ever return to Big Tech.
Persons: Soni Mehra, Mehra, , Gabrielle Wesley, Uber, I'd, I've, I'm Organizations: Big Tech, Service, Uber, Marble Lotus, Business, San, San Francisco Bay Area, Environmental, University of California, Mars, LinkedIn, Marble, Big, Entrepreneurs Locations: Delhi, India, San Francisco Bay, Berkeley, Mars Wrigley North America, COVID, Big Tech, Bay
Trump's plans could mean tax hikes for lower earners; Harris' proposals would target higher earners. This is the fourth in a five-part series about the impacts either a Trump or a Harris presidency could have on US consumers. Trump has proposed extending his slew of tax cuts from the Tax Cuts and Jobs Act of 2017 — also known as the "Trump tax cut." But another part of Trump's tax policy — his plan to levy universal tariffs on all US imports — could end up undercutting this positive impact. AdvertisementTrump has floated lifting the $10,000 cap on the State and Local Tax deduction, known as SALT, from his 2017 tax bill.
Persons: Trump's, Harris, , you'll, Trump, He's, Garrett Watson, Harris hasn't, she's, Benjamin Page, Biden, Walz, Ernie Tedeschi, Watson, Tedeschi Organizations: Service, Business, Trump, Social Security, Taxation, Economic, Tax Foundation, State and, Urban, Brookings Tax, Yale Budget Lab, White House Council, Economic Advisers, Finance Locations: California , New Jersey, New York, Congress
Rachel Reeves, UK chancellor of the exchequer, outside 11 Downing Street ahead of presenting her budget to parliament in London, UK, on Wednesday, Oct. 30, 2024. Bloomberg | Bloomberg | Getty ImagesLONDON — British businesses are smarting after Finance Minister Rachel Reeves' bumper tax-rising budget, with analysts warning that the measures could slow hiring and push up inflation. Under the new rules, employer NI will rise by 1.2 percentage points to 15% from April 2025, while the level at which employers start paying NI for workers will drop from £9,100 to £5,000. Rain Newton-Smith, chief executive of the Confederation of British Industry, a business interest group, described it as a "tough budget for business." That is because businesses could pass on the additional costs to consumers by increasing the price of their products.
Persons: Rachel Reeves, Reeves, , Roger Barker, Barker, Mike Kemp, Andrew Martin, Newton, Smith, Morgan, Andrew Sheets, CNBC's, Morgan Stanley Organizations: Bloomberg, Getty, LONDON, National Insurance, Labour, Conservative, Institute of, Institute of Directors, of British Industry, Corporation, Insurance, CNBC, Bank of, Morgan Locations: London, City of London, United Kingdom
Because, look: In terms of negotiating your salary, the right time is yesterday. Asking for a raise is one of the single most important things a woman can do to increase her total earning power over the course of her career. There are many things to negotiate for that can have value for you, and your employer, as you develop your career. These things may be of more tangible value to you tomorrow than a salary bump is to you today, because they can increase your earning power in the long run. If I hit these metrics, what kind of career progression and raise should I expect to see?"
Persons: Merrill Lynch, Sanford Bernstein, —‌, I've, you've Organizations: Citigroup —
Texas Attorney General Ken Paxton sued an El Paso doctor on Tuesday, accusing him of providing transition-related medical care to nearly two dozen minors in violation of state law. Texas enacted a law, Senate Bill 14, last year banning gender-affirming care for anyone under 18. Laws restricting access to transition-related care for minors exist in 26 states, according to the Movement Advancement Project, an LGBTQ think tank. The Texas lawsuits come just ahead of the presidential election, where transition-related care has become somewhat of a flashpoint. NBC News asked Harris about her position on gender-affirming care last week.
Persons: Ken Paxton, Paxton, Hector M, Granados, Bill, ” Paxton, , May Chi Lau, Lau, Greg Abbott, Abbott, Donald Trump’s, Kamala Harris ’, Trump, Harris Organizations: El, University of Texas Southwestern Medical Center, Movement Advancement, Gov, Republican, U.S, Supreme, American Medical Association, American Academy of Pediatrics, NBC News Locations: Texas, El Paso, “ Texas, , Dallas, Tennessee
But while she was in the hospital, Becky contracted a bone infection that would ultimately require nine arm operations. “I wish I’d make less money so that I can get more benefits, because I’m actually more in debt now.”The challenge of a high deductibleOf all the reasons a family can face medical debt from childbirth, high deductibles are among the most common. “Many workers used to have zero-deductible health care plans, but that’s less true today. “I’m never going to pay off all of our debt, so add on the hospital debt to it. But other changes, like getting rid of deductibles altogether or even instituting universal health care, feel impractical, if not impossible.
Persons: Jessica, , ” Lauren Crocks, SUI, Becky Munge, Jovie, Becky, Cole, Gavin, Ava, Becky Munge Jovie, ” Becky, “ We’re, we’re, I’m, , Adam Gaffney, Wesley Bruce, Ashley Perez’s, Ashley Perez, Ashley Perez Bruce, Perez, ’ ” Perez, “ I’m, they'd, ” Nick Olson, Sanford Health’s, Becker Organizations: Health, SIU, NBC News, Medicaid, Health Care Cost, D.C, Children’s Health, Mayo Clinic, of Illinois, Cambridge Health Alliance, Sanford Health, NBC Locations: Washington, Morton , Illinois, Rochester , Minnesota, Massachusetts
AdvertisementThis as-told-to essay is based on a conversation with Ceinwen Giles, 48, co-CEO of Shine Cancer Support, who lives in London. Weeks after giving birth to my first child at 34, I was diagnosed with stage four cancer. Ceinwen GilesTreatment left a permanent markI don't think that there was any part of my life that wasn't affected by cancer. I didn't know anyone my age with cancerCeinwen Giles and Emma Willis founded Shine Cancer Support in 2012. She was diagnosed with breast cancer when she was 29 and was organizing coffees for younger adults with cancer.
Persons: Ceinwen Giles, , I'm, It's, hypervigilant, chemo, Emma Willis, it's, We've, you've Organizations: Service, Shine, Shine Cancer Locations: London, West Africa, Sierra Leone
Experts told BI that all three companies face slumping EV sales and brutal competition in China. BMW and Mercedes-Benz have issued profit warnings in recent weeks amid slumping EV sales in Europe and brutal competition in China, while Volkswagen is also facing a reckoning. German carmakers are losing out to Chinese EV makers such as BYD. She added that Mercedes, BMW, and Volkswagen offer comparatively few hybrid and extended-range vehicles — categories that have proven extremely popular in China. Slow sales in EuropeAt the same time, Germany's automakers are also dealing with a slowdown in EV sales in Europe.
Persons: , Arno Antlitz, Mercedes, Hendrik Schmidt, Daniel Pier, Getty Images Helena Wisbert, Wisbert, Matthias Schmidt, Tesla, JENS SCHLUETER, that's Organizations: BMW, Mercedes, Benz, Service, Volkswagen, Wednesday VW, VW, dpa, China Passenger Car Association, Getty Images, Ostfalia University, Getty, European Union, Volkswagen Group, UBS Locations: Germany, China, Europe, North America, South America, China —, AFP
AWS CEO Matt Garman has been sent a letter from employees protesting his pro-RTO comments. Over 500 employees have signed a letter, sent on Wednesday, urging Garman to reconsider the plans. AdvertisementAmazon Web Services CEO Matt Garman is facing backlash from some employees over his comments about its return-to-office policy, according to an open letter obtained by Business Insider. The policy is stricter than at Amazon's peer companies and, by some accounts, stricter than Amazon's office work policy before the pandemic. The letter has been signed by 523 staff from Amazon and AWS, with 172 of those including their names.
Persons: Matt Garman, Garman, , Matt doesn't, Elizabeth Rutledge, Garman's, Andy Jassy, Margaret Callahan, we're, Amazon's, Jyoti Mann, Ashley Stewart Organizations: Service, Web, Business, AWS, BI, American Express, Amazon Locations: jyotimann
AdvertisementFor more than a decade, Big Tech companies doled out lavish perks to hire and retain a limited supply of technical talent — and some workers pushed the limits of these benefits. AdvertisementBusiness Insider interviewed tech workers and industry experts about Grubgate and the evolving relationship between Big Tech companies and staff. They also described how layoffs, efficiency drives, and tougher policy enforcement have shifted the culture at once easygoing tech companies. According to job marketplace Trueup, at least 650,000 tech workers have been cut since the start of 2023. Alongside industrywide layoffs that began in 2022, many tech companies also trimmed back the benefits on offer.
Persons: , Meta, grifting, that's, Allison Shrivastava, it's, Googler, Mark Zuckerberg, Zuck, Patrick Mork, Wall, Mork, Dilip Rao, he's, Bruce Daisley, Daisley Organizations: Big Tech, Service, Google, Meta, US Meta, Snap, Nintendo, Twitter, YouTube Locations: Silicon Valley, Mountain View, Tupperware, US, Meta
The Conference Board’s latest consumer survey showed that Americans this month became more optimistic about the future of both the labor market and the broader US economy. The monthly survey’s Consumer Confidence Index jumped in October by the fastest clip since March 2021. In September, jitters over the job market’s health weighed on consumer confidence, but economic data after that showed that the job market remains solid. “Views on the current availability of jobs rebounded after several months of weakness, potentially reflecting better labor market data,” Peterson said. Data for September pointed to a robust job market, which translated into better consumer confidence.
Persons: , ” Dana Peterson, jitters, ” Peterson, Kamala Harris, , Lael Brainard, Robert Frick, August’s Organizations: Washington CNN, Conference Board’s, White House, Navy Federal Credit Union
ANCHORAGE, Alaska — Shells fell on the Alaska Native village as winter approached, and then sailors landed and burned what was left of homes, food caches and canoes. It was Oct. 26, 1882, in Angoon, a Tlingit village of about 420 people in the southeastern Alaska panhandle. Now, 142 years later, the perpetrator of the bombardment — the U.S. Navy —has apologized. The residents are vastly outnumbered by brown bears, and the village in recent years has strived to foster its ecotourism industry. Merriman, the top U.S. official in Alaska, saying a Tlingit uprising threatened the lives and property of white residents.
Persons: U.S . Navy —, Mark Sucato, , , Angoon, Nobu Koch, Daniel Johnson Jr, Julianne Leinenveber, Klane, Shgen George, E.C . Merriman, Johnson, Merriman, ” Johnson, Billy Jones, Tith Klane’s, ” Jones, Rosita Worl, Leinenveber, Eunice James, Tith Klane, we’ve Organizations: U.S . Navy, Navy, Department of Interior, Alaska Natives, U.S ., Army, Wrangell, Admiralty, North West Trading Co, Naval, U.S, Sealaska Heritage Institute Locations: ANCHORAGE, Alaska, Angoon, Angoon , Alaska, Russia, Kake, Juneau
Anchorage, Alaska AP —Shells fell on the Alaska Native village as winter approached, and then sailors landed and burned what was left of homes, food caches and canoes. It was Oct. 26, 1882, in Angoon, a Tlingit village of about 420 people in the southeastern Alaska panhandle. Now, 142 years later, the perpetrator of the bombardment — the US Navy — has apologized. US Navy Rear Adm. Mark B. Sucato speaks during a Navy ceremony Saturday, October 26, 2024, in Angoon, Alaska, to apologize for the 1882 military bombing on a Tlingit village in Angoon. Merriman, the top US official in Alaska, saying a Tlingit uprising threatened the lives and property of white residents.
Persons: US Navy —, Mark Sucato, , , Angoon, Daniel Johnson Jr, Julianne Leinenveber, Klane, Mark B, Sucato, Nobu Koch, E.C . Merriman, Johnson, Merriman, ” Johnson, Billy Jones, Tith Klane’s, ” Jones, Rosita Worl, Leinenveber, Eunice James, Tith Klane, we’ve Organizations: US Navy, Navy, Department of Interior, Alaska Natives, US, Army, Wrangell, Admiralty, North West Trading Co, Sealaska Heritage Institute Locations: Anchorage, Alaska, Angoon, Russia, Kake, Angoon , Alaska, Juneau
Added sugar: How to cut out or lower your intake
  + stars: | 2024-10-28 | by ( Andrea Kane | ) edition.cnn.com   time to read: +7 min
Consuming added sugar has become a part of life, woven into almost every meal. Americans 2 years and older consume on average 17 teaspoons of added sugar a day, according to the most recent government data available. Put sugary foods in their rightful placeSave sugary foods for desserts; don’t allow them to creep into every part of your diet. “This means enjoy the sugar that you do eat by baking together and savoring together, making the (added) sugar that you do eat part of celebrating life,” she said. Look for the line that shows you the “added sugar” content in a food to tally up the grams of excess sugar you consume in a day.
Persons: Sanjay Gupta, you’re, Dr, Laura Schmidt, Schmidt, She’s, that’s, , it’s, ” Schmidt, savoring Organizations: CNN, American Heart Association, US Department of Agriculture, World Health Organization, School of Medicine, University of California, UC San Francisco, , National Institutes of Health Locations: San Francisco,
The end of American careerism
  + stars: | 2024-10-28 | by ( Aki Ito | ) www.businessinsider.com   time to read: +13 min
AdvertisementClimbing the corporate ladder was once the cornerstone of the American dream. Maybe that's why earlier this year, a young New Yorker struck a chord on TikTok when he vowed to "descend the corporate ladder." Eventually, he got promoted into a corporate office role, and that opened up even more opportunities for advancement. "That was a betrayal from a company I had been incredibly dedicated to," Zack told me. Besides, the dream of climbing the corporate ladder was probably never as great as it seemed to be.
Persons: Zack, I'm, I've, Randstad, James Yates, Dell, careerism, Benjamin Franklin —, Shoshana Zuboff, James, he's, who's, Gen, Xers, Gen Zers, Michel Anteby, Aki Ito Organizations: New Yorker, Industrial, . Companies, Harvard Business School, BI, Professionals, Gallup, Boston University, Business Locations: United States, Italy, Spain, New Zealand, New, America
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