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When it comes to buying a home, think of it as a place to live — not as an investment. A home can have sentimental value too, but otherwise it's "very tough to calculate the return on your investment," he said. "If you sell the home many years down the road and you make some money — fantastic," Boneparth said. However, it's very difficult to keep track of "every little repair and addition you've made to that house" over "20 or even 30 years" of ownership. Boneparth makes an exception for rental properties, since they can generate revenue for their owners.
Persons: Douglas Boneparth, CNBC's Frank Holland, Boneparth, you've Organizations: CNBC
Federal student loan borrowers had payments due on their loans this October for the first time in over three years. "We have to take control over our student loans," Boneparth said. Here's the first step to take if you're overwhelmed by paying back your student loans, and where to go from there. Federal student loans can be confusing because you take the loan out from the government, not a specific bank or private lender. But once the loan is disbursed, you're assigned one of several federal loan servicers.
Persons: We've, Douglas Boneparth, CNBC's Frank Holland, Boneparth, you've Organizations: Bone, CNBC, servicers, Department of Education, Nelnet , Missouri Higher Education Loan Authority, Federal, Aid Locations: Nelnet , Missouri
Financial advisors will tell you that you need a plan for every dollar you earn in income. You likely know how much you need to put toward rent and utilities each month, for instance. How much you're willing or able to save depends on a number of factors unique to you, such as your income, debt level and personal goals. For people earning a $50,000 annual salary, stashing $5,000 a year "is a good start," he added. "Getting into that 20% to 30% category is deemed really good to excellent.
Persons: Douglas Boneparth, Boneparth, Frank Holland Organizations: Bone
The CNBC Make It: Your Money virtual event is scheduled for Oct. 17, 2023 — watch it live as successful entrepreneurs and investors offer actionable advice about building your career and increasing your earning power. , self-made millionaire, "Shark Tank" guest judge and co-founder of RSE Ventures, a private firm that invests in companies in a variety of industries, including sports and entertainment. Lastly, CNBC's Frank Holland interviews Douglas Boneparth, founder and president of Bone Fide Wealth and co-author of "The Millennial Money Fix." To register for the event, click on the "RSVP here" box at the top of CNBC Make It: Your Money livestream page. Disclosure: CNBC owns the exclusive off-network cable rights to ABC's "Shark Tank."
Persons: CNBC's Kristina Partsinevelos, Matt Higgins, Jenny Nguyen, Ashton Jackson, Erin McGoff, CNBC's Frank Holland, Douglas Boneparth, Edward Jones Organizations: CNBC, YouTube, RSE Ventures, Bone Locations: Portland , Oregon
Building a Better Portfolio
  + stars: | 2023-10-12 | by ( Frank Holland | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBuilding a Better PortfolioUncertainty about the economy and the possibility of a recession in 2024 has some investors wondering the best way to position themselves for short-term gains and long-term financial security. KKR Private Wealth Chief Investment Strategist Paula Campbell Roberts shares how she's preparing for what's next.
Persons: Paula Campbell Roberts Organizations: KKR Private Wealth
When the Philadelphia Eagles kick off their home opener on Thursday Night Football, the NFL team will also start a new sponsorship deal with Gran Coramino, the luxury tequila brand co-founded by comedian, entrepreneur and Philadelphia native Kevin Hart. Hart told CNBC's Frank Holland in an exclusive interview about the agreement. The Eagles hope to seize on the recent success of celebrity spirits brands, and a rise in tequila sales, as many U.S. drinkers drop beer in favor of liquor. Hart told CNBC, "It's a massive win! In recent years, spirits brands have made a push into sports sponsorships with the major American leagues.
Persons: Kevin Hart, Hart, CNBC's Frank Holland, Gran Coramino, Brian Napoli, Jalen, I've, Jaegermeister, Hennessey, Rick Pineda, Jean Baptiste Descours, Hennessy Organizations: Philadelphia Eagles, NFL, Gran Coramino, Philadelphia, Eagles, Lincoln Financial, Global Brands, Corporate, Kansas City Chiefs, CNBC, Budweiser, Brooklyn Trolley Dodgers, Sports, National Hockey League, Major League Baseball, NBA, Spirits, Diageo Locations: Philadelphia, Gran
"It's not a $30 billion deal," Tome told CNBC's Frank Holland in an exclusive interview on Monday. Averting a crisisThe labor contract reached in July prevented a potentially widespread and disruptive work stoppage. In June, Teamsters members authorized a UPS strike during the negotiations. The union ratified the UPS contract on Aug. 25 with record turnout of 58% of members voting and a record 86% approving the deal. A 'win-win-win'After the tentative deal for the Teamsters contract was reached, Tome called it a "win-win-win" for the union, customers and the company.
Persons: Carol Tome, Donald Trump, Jonathan Ernst, Tome, CNBC's Frank Holland, We'll, We've, Weeks Organizations: Hartsfield, Jackson Atlanta International Airport, Reuters, Teamsters, UPS, Anderson Economic Locations: Atlanta , Georgia, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorgan Stanley launches financial literacy program for NIL agreementsLarry Fitzgerald, former NFL all-pro wide receiver, Morgan Stanley's Sandra Richards, and CNBC's Frank Holland join 'Power Lunch' to discuss Morgan Stanley's financial education program for name, image, and likeness deals, attracting investment clients through NIL deals, and educating young people about how to thoughtfully manage contracts.
Persons: Morgan Stanley, Larry Fitzgerald, Morgan Stanley's Sandra Richards, CNBC's Frank Holland, Morgan Organizations: NFL
Big Dave's Cheesesteaks founder and CEO Derrick Hayes is cooking up what he hopes will be his most delicious offering yet: a chance to own a franchise. On Thursday, Hayes will begin accepting official applications to purchase a Big Dave's Cheesesteaks franchise. From water ice to cheesesteaksBig Dave's Cheesesteaks started as Big Dave's Water Ice, as Italian ice is known is Philadelphia, in a gas station in Dunwoody, Georgia, in 2014. Derrick Hayes Source: William SterlingAfter failing to gain traction selling frozen treats, Hayes switched to cheesesteaks. The two connected to discuss repairs to Big Dave's and community outreach during the pandemic.
Persons: Dave's, Derrick Hayes, Hayes, it's, Cheesesteaks, William Sterling, Eve, George Floyd, Pinky Cole, Big, Cole Organizations: The, Black Business, International Franchise Association, Slutty Locations: The West Philadelphia, Philadelphia, Dunwoody , Georgia, he's, Philly, Atlanta
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYellow Trucking's bankruptcy filing spurs run-up in transport stocksCNBC's Frank Holland joins 'The Exchange' to discuss Yellow trucking declaring bankruptcy, a redistribution across competitors in the trucking market place, and holiday demand projections suggesting a freight recession recovery.
Persons: Frank Holland
UPS and Teamsters Union reach tentative agreement
  + stars: | 2023-07-25 | 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 EmailUPS and Teamsters Union reach tentative agreementCNBC's Frank Holland joins 'Halftime Report' to discuss the tentative deal between UPS and the Teamsters, pay protocols outlined in the tentative contract and the impact of a union deal on UPS' share price.
Persons: Frank Holland Organizations: UPS, Teamsters Union, Teamsters
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFedEx shares drop following Pilots Union rejection of tentative agreementCNBC's Frank Holland joins 'Halftime Report' to discuss the FedEx Pilots rejecting a tentative union agreement, fear of an upcoming UPS strike, and how a strike on delivery services could impact the businesses that rely on them.
Persons: Frank Holland Organizations: FedEx, FedEx Pilots, UPS
FedEx names John W. Dietrich as EVP and CFO
  + stars: | 2023-07-17 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFedEx names John W. Dietrich as EVP and CFOCNBC's Frank Holland joins 'Power Lunch' to report on FedEx naming a new EVP and CFO.
Persons: John W, Dietrich, CNBC's Frank Holland Organizations: FedEx
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLeaders in Focus at CNBC Equity and Opportunity: Exec ConnectTop leaders from all corners of the economy come together to react to CNBC's Equity & Opportunity Black Business Leadership Survey results: the trends that surprise them, their own experiences, and thoughts on the path forward. Featuring MSNBC President Rashida Jones, Smith & Company Founder & President Judy Smith and Copia Group Founder & Managing Partner Shundrawn Thomas. Moderated by CNBC's Frank Holland. 15:25 an hour ago
Persons: Rashida Jones, Smith, Judy Smith, Shundrawn Thomas, CNBC's Frank Holland Organizations: CNBC Equity, Opportunity, Connect, Equity, Smith & Company, Copia
The tragedy sparked more awareness and positive change in corporate America, according to a new survey of Black executives conducted by CNBC, but the results from the survey show that there remains much work to be done. The survey, conducted by CNBC in partnership with the Executive Leadership Council, found 74% of Black executives saying they saw a positive change in hiring, retention and promotion of Black employees since Floyd was killed in May 2020. As many Black executives say organizational treatment of Black employees has remained the same (43%) or worsened (9%) since 2020, as those who say it has improved (48%). And exactly half say there are still less opportunities for Black employees than other employees at their organizations. More Black executives said that prior to 2020 their firms were "checking the DEI box" rather than taking a comprehensive approach.
Persons: George Floyd, Kerem Yucel, Floyd, Shundrawn Thomas, George Floyd's, Judy Smith, Smith, Smith & Company . Smith, Thomas, Rashida Jones, Priscilla Sims Brown, Melonie Parker, Johnson Organizations: Afp, Getty, Black, CNBC, Executive, Council, Copia, Smith & Company, Equity, Opportunity, MSNBC, Amalgamated Bank ., Google Locations: Minneapolis , Minnesota, U.S, America, New Orleans
The league is borrowing $78 million from a syndicate of Black- and minority-owned banks and community development financial institutions. The loan deal will generate "tier 1 capital" for the banks and CDFIs. According to the National Black Bank Foundation, it will boost their lending power by millions through banking fees and interest. "These community banks sometimes have difficulty navigating down economic times. "These banks loan money to people and businesses that need it without being predatory.
Persons: Joe Siclare, Siclare, Ashley Bell, Martin Luther King, Bell, you'll, Dominik Mjartan Organizations: National Football League, National Black Bank Foundation, CNBC, NFL, National Basketball, Atlanta Hawks, Major League Soccer, Black, Bank of America, Silicon Valley Bank, Optus Bank Locations: Silicon, Columbia , South Carolina
Bank of America has committed to giving more than $500 million in equity investments to minority- and women-led fund managers to support diverse entrepreneurs, the bank announced Thursday in a press release. The program started in 2020 and so far, more than 150 funds have used the equity to invest in upward of 1,000 companies, collectively controlling $7 billion of capital, Bank of America said. This translates to support for 1,500 diverse entrepreneurs and the employment of more than 21,000 people. Bank of America is also separately working with the National Football League and National Black Bank Foundation to support Black- and minority-owned banks, CNBC's Frank Holland reported. "We're very focused on supporting our fund managers," Nguyen said.
Persons: Nguyen, Gabrielle Fonrouge, CNBC's Frank Holland Organizations: of America, Bank of America, National Football League, National Black Bank Foundation Locations: Crunchbase
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCisco CEO on networking cloud launch, new A.I. capabilities and cybersecurityCNBC's Frank Holland sits with Cisco CEO Chuck Robbins to discuss the company's AI push and launch of networking cloud.
Persons: CNBC's Frank Holland, Chuck Robbins Organizations: Cisco
Salesforce shares slide despite strong earnings report
  + stars: | 2023-06-01 | by ( Frank Holland | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSalesforce shares slide despite strong earnings reportCNBC's Frank Holland joins 'Squawk on the Street' to report on Salesforce as the stock took a hit despite a strong earnings report.
Persons: CNBC's Frank Holland
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhite House AI Summit: A 'frank discussion' about ethical innovationOn May 4, 2023, GlobalData Head of Investment Research Cyrus Mewawalla joined CNBC's Frank Holland to discuss the White House AI Summit and the ethical debate surrounding rapidly growing AI technology.
Persons: Investment Research Cyrus Mewawalla, CNBC's Frank Holland Organizations: GlobalData, Investment Research, AI Summit
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Exclusive: Slack's new CEO Lidiane Jones talks new AI-integrated chatbotSlack's new CEO Lidiane Jones sits down with Frank Holland for an exclusive interview at the Salesforce World Tour event in New York. This morning Salesforce announced Slack GPT, a generative AI chatbot integrated into the platform to help users summarize conversations and generate reports.
Slack's CEO Lidiane Jones on integrating generative A.I.
  + stars: | 2023-05-04 | 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 EmailSlack's CEO Lidiane Jones on integrating generative A.I. CNBC's Frank Holland and Slack CEO Lidiane Jones join 'Squawk on the Street' to discuss Salesforce's integration of A.I. in to Slack, and the questions about scaling up enterprise A.I..
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC exclusive: UPS CEO Carol Tomé talks Q1 results, labor negotiations and AIUPS CEO Carol Tomé sits down with Worldwide Exchange anchor Frank Holland after the company released first-quarter results. Tomé discussed the current demand environment, the impact of people returning to offices, the ongoing negotiations with the Teamsters labor union and AI.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCloud infrastructure preview: What to expect from Microsoft, Amazon, and Google earningsThe global leaders in cloud infrastructure are reporting earnings this week. Microsoft on Tuesday, Amazon and Google on Thursday. The trio, also known as "hyperscalers," are forecast to see growth slowdowns. But the sector is heating up with the introduction of artificial intelligence. Frank Holland previews their upcoming reports with Webush's Dan Ives.
A year into the most significant period of Federal Reserve rate hikes in decades, you might think investors had already cemented their investment portfolio strategies for a higher interest rate world. According to LACERA's 2022 annual report, its investments were split between roughly $24 billion in public equities, $19 billion in bonds, $13 billion in private equity, $6 billion in real estate, $4 billion in hedge funds and $1 billion in real assets. Last year was the first in the prior three fiscal years that the pension fund's investment portfolio lost money. By contrast, investment returns of 25.2% in 2021 were far ahead of the 7% percent, which LACERA attributed to the strong performance from global equity and private equity assets. A shift to more fixed income among top investors will flow through to the "whole economy," Grabel said.
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