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An opportunity to maximize tax-favored growth in your investment account is around the corner: employee benefits season. But it's also prime time to check in on contributions to and the underlying investments in 401(k) plans, individual retirement accounts and health savings accounts, which can offer a bevy of tax benefits. Enter asset location, which involves positioning the assets with the highest growth prospects and yield for growth and tax efficiency. "And too many people in my opinion are unlikely to touch their retirement accounts for more than a decade, and yet a lot of it is in cash or cash-like investments." In contrast, tax-deferred retirement accounts could be split 80/20 for workers who are early to mid-career, McLoughlin said.
Persons: it's, Barry Glassman, Glassman, Sam, Roth, Roth IRAs, Brenna McLoughlin, McLoughlin Organizations: Wealth Services, CNBC's, Wealthstream Advisors
American Express just announced plans to open its fourteenth Centurion Lounge location in the US, at Newark Airport. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. While the Centurion Lounge at Newark Airport won't open until 2026, American Express has shared some initial details on what to expect. Finally, the Newark Centurion Lounge will also feature a 1,400-square-foot indoor terrace with views of the airport and Manhattan. American ExpressHow to access the Newark Centurion loungeYou can access the upcoming Newark Centurion Lounge (and any other Centurion Lounge that's already open) if you have the The Platinum Card® from American Express, The Business Platinum Card® from American Express, or the invite-only Centurion Card.
Persons: Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, Amex Organizations: Express, Newark Airport, American Express, Service, Vegas McCarran, Newark Liberty International Airport, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, TSA, Global, Saks Fifth, Shipping, New, Newark, Newark Centurion Locations: Manhattan, Wall, Silicon, Hulu, Newark, New York, JFK, LaGuardia, York
Anniversary celebrations abound this year, in a dance season that seems conspicuously preoccupied with the past. September2023 CROSSING THE LINE FESTIVAL The dance offerings at the French Institute Alliance Française’s annual festival range from celebratory to contemplative. The choreographer Tatiana Desardouin’s “Les 5 Sens,” a collaboration with the artist Nubian Néné, offers an all-night hip-hop dance party at the Standard Hotel’s Boom Boom Room (Sept. 14). And Olivier Tarpaga’s “Once the dust settles, flowers bloom” considers the plight of refugees from Burkina Faso (Oct. 3-8, the Joyce Theater). The multidisciplinary artist Matthew Lutz-Kinoy’s “Filling Station,” a world premiere presented by The Kitchen, reimagines that work for a different America.
Persons: Agnes de Mille, Tatiana Desardouin’s “, , , FIAF Florence Gould, Olivier Tarpaga’s “, MATTHEW LUTZ, KINOY, Lincoln, Lew Christensen’s, Matthew Lutz, serpentwithfeet, Raja Feather Kelly, Wu Tsang Organizations: Russes, French Institute Alliance, FIAF Florence Gould Hall, Ballet, Horatio, Gas, Dia Locations: U.S, Burkina Faso, , America
She tried living in six cities: Nashville, Austin, Chattanooga, Montreal, Toronto, and San Diego. I ended up renting month-long stays in Airbnbs in Nashville, Austin, Chattanooga, Montreal, Toronto, and San Diego. What it was like in San DiegoMy employer was hosting a company-wide event in San Diego, our US headquarters, the first week of January 2023. AdvertisementAdvertisementI planned to stay in San Diego after the event for my next Airbnb jaunt from January 9 to mid-February. I was always curious about San Diego and had heard that many Bostonians end up moving there and loving it.
Persons: Sophie London, Lewis, It's, I've, COVID, I'm, I'd, Taylor, NoogaNightlife.com, jaunt, pang, Organizations: San Diego ., Service, Austin Nashville, Austin, Nashville, London, Toronto, Film, Chattanooga Locations: San Diego, Nashville, Austin, Chattanooga, Montreal, Toronto, Wall, Silicon, San Diego , California, Massachusetts, Boston, Airbnbs, Nashville , Austin, After London, Montreal In Montreal, London, Tennessee, Nicaragua, Diego, Balboa
High-income investors, especially those in the 32% marginal federal income tax bracket, appreciate that munis offer income that's exempt from federal levies. Paying for a discount Bond yields and prices move opposite to each other. That means municipal bonds are trading at discounts, which can come with tax ramifications if they're too cheap versus the bond's par value, or the amount the issuer will repay the investor at maturity. Consider an investor who is purchasing a 10-year municipal bond with a par value of $10,000, trading at $9,750. Investors also shouldn't overlook the fact that the muni bond is still providing them with tax-free income in their portfolios.
Persons: Bond, Cooper Howard, Charles Schwab, Tim Steffen, Baird, Steffen Organizations: Federal Reserve, Bond, SEC, Investors
Few complete fossils of this Jurassic sea turtle, named Solnhofia parsonsi, have been discovered. Today’s marine turtle species all have elongated, rigid flippers to propel them through the ocean depths. But the newly described fossil’s limbs were stumpier than those of modern sea turtles relative to its body size. An artistic reconstruction shows the extinct sea turtle in its coastal marine environment. The newly described fossil presents a far more complete view of those limbs, showing that they differed dramatically from the extremities of sea turtles alive today.
Persons: Solnhofia, parsonsi, , Felix Augustin, Augustin, Márton Rabi, Peter Nickolaus S, ” Augustin, Rabi, ” Rabi, Mindy Weisberger Organizations: CNN, geosciences, University of Tübingen, University of Tübingen’s, Scientific Locations: Europe, Germany, Bavaria, Switzerland
Hung Cao, a former GOP House nominee, is now running for Democratic Sen. Tim Kaine's seat. He warned in a recent interview that "witchcraft" is happening in California. "There's a place in Monterey, California called 'Lover's Point,'" Cao said. According to the Monterey County Historical Society, "Lover's Point" was indeed once known as "Lovers of Jesus Point," owing to its settlement by the Methodist Episcopalian Church in the 1870s. Earlier in the interview, Cao — a Vietnamese refugee — also remarked that he was African-American by virtue of having spent time in Niger as a child.
Persons: Hung Cao, Democratic Sen, Tim Kaine's, Jennifer Wexton, Cao, Tim Kaine, who's, Sean Feucht —, it's, Cao —, , Cao interjected, Scott Parkinson, Ron DeSantis Organizations: GOP House, Democratic, Service, Republican, US, Disney, Wing, Historical Society, Methodist Episcopalian Church, Government Affairs, Club for Growth Locations: California, Cao, Africa, Wall, Silicon, Virginia, United States, Monterey , California, Monterey, African, Niger, Florida
The shift to remote work early in the pandemic allowed wealthy residents to ditch big cities in droves and set up shop in smaller cities and towns nearby. While the surging costs of housing and the new freedom of remote work helped trigger this mass migration, small cities have been laying the groundwork over the last decade to entice these big-city refugees. Then came the pandemic, and remote work suddenly made small cities a viable home for wealthy professionals. For the past two decades, cities have turned to an economic development strategy I've deemed "the city authentic." It spiked even more during the pandemic when change of addresses from New York City jumped a whopping 787%.
Persons: Tim Burton, , Richard Florida, millennials, DAVID BREWSTER, downtowns, weathers, It's, Alison Roman, Chrissy Teigen, it's, restaurateurs, John Greim, Instagramable cafés, David A, Banks Organizations: Urban, New York Times, Creative, The New York Times, Industrial Development Agency, IDA, Arts, Craft, Fulton, Star Tribune, Getty, Social, Business, New York City, Neighborhood Initiative, Globalization Studies, University, Albany SUNY, UUP Locations: America, Hudson, New York City, Austin , Texas, Charlotte, North Carolina, Denver , Minneapolis, Salt Lake City, Dallas, Louisville, Connecticut, Florida, Washington, Fulton, New York, Athens, Georgia, Tulsa , Oklahoma, Arts District, Saint Paul , Minnesota, , New York, Rensselaer, Troy, Rensselaer County, Newark , New Jersey, Dudley, Boston
In February 2024, The Eastern & Oriental Express, A Belmond Train will launch two seasonal return-trip journeys out of Singapore that take in the landscapes of its northern neighbor, Malaysia. These routes mark the brand’s official return to Southeast Asia after being forced to cease operations during the Covid-19 pandemic. The Eastern & Oriental Express, A Belmond Train's open-air observation carriage. BelmondAccording to Belmond, operator of the train, the 15 signature green- and cream-colored carriages, once a familiar site for train spotters in the region, have been restyled. Travelers familiar with the luxury train’s long-established presence in Southeast Asia might be asking: why isn’t it traveling up through Thailand to Bangkok?
Persons: George Town, Belmond, Organizations: CNN, Oriental Express, Oriental, State, Presidential, Travelers, Orient, CNN Travel Locations: Southeast Asia, Singapore, Malaysia, Singapore’s Woodlands, Penang, Langkawi, Taman, Pullman, Kuala Lumpur, Malay Culture, Alor Setar, George, Malaysian, Thailand, Bangkok, Venice, Kanchanaburi, Thailand’s
The latest evidence comes from an instrument called SHERLOC mounted on the six-wheeled rover's robotic arm that enables a detailed mapping and analysis of organic molecules. They obtained evidence indicating the presence of organic molecules in multiple rock samples, including some collected for potential return to Earth for future analysis. Signs of organic molecules were first detected on Mars in 2015 by a different rover called Curiosity, followed by more evidence in subsequent years. With Perseverance now detecting possible signatures of organic molecules, the evidence is accumulating that organic molecules may be relatively common on Mars, though at low levels. "There are both biotic and abiotic mechanisms that can form organic molecules.
Persons: astrobiologist Sunanda Sharma, Sherlock Holmes, WATSON, Ryan Roppel, Roppel, Will Dunham, Rosalba O'Brien Organizations: Jet Propulsion Laboratory, University, Pittsburgh, Thomson Locations: California, Jezero
A new North Carolina neighborhood will require residents to fly the US flag. Developer Brock Fankhauser said the community isn't aligned with a political party, local media reported. Homeowners in the new 1776 Gastonia neighborhood, named after its affinity for the country's founding and its locale in Gastonia, North Carolina, will be required to display the American flag in front of their property. "We're handling the American flag like an architectural element," Fankhauser said, per WCNC. The movement is not aligned with any political party, Fankhauser said.
Persons: Brock Fankhauser, pesky, WCNC, Fankhauser, I've Organizations: Service Locations: North Carolina, Wall, Silicon, Gastonia, Gastonia , North Carolina, American
lydia polgreenI’m Lydia Polgreen, and this is “Matter of Opinion.” Today, we’re going to do something a little bit different. And the great sort of brilliant twist of the show is at the end, the winner is chosen by the people that the contestants have voted off. Like, that just seems really, really American. I don’t think we need to go that far, but she is the best version of America, like America as it fancies itself to be. And if they happen to come out while I’m outside, I’m like, you!
Persons: michelle cottle, I’m Michelle Cottle, ross douthat I’m Ross Douthat, carlos lozada I’m Carlos Lozada, lydia polgreen, Lydia Polgreen, ross, departmentwide, carlos lozada, ross douthat, polgreen, ross douthat I’ll, Gatsby, Jay Gatsby, it’s, We’d, carlos lozada I didn’t, Lozada, Michelle, there’ll, you’ve, I’ll, , I’ve, lydia polgreen It’s, Lydia, — ross, Sue Hawk, winder, — carlos lozada Wow, Richard Hatch, he’s, Rudy, carlos lozada “, carlos lozada “ Survivor ”, Mark Burnett, — carlos lozada There’s, ” lydia polgreen There’s, ” ross douthat, , — ross douthat That’s, Ross, you’re, Carlos, carlos lozada You, JD Fitzgerald, Fitzgerald, Tom, TD Fitzgerald, Standish, who’s, ” ross, — carlos lozada, ross douthat —, Donald Trump, JD, ” Michelle, I’m, Dolly Parton, lydia polgreen Legend, She’s, scrappy, she’s, “ Jolene, michelle cottle Don’t, Dolly, Dolly Parton’s, michelle cottle I’m, polgreen It’s, It’s, — carlos lozada Oh, lydia polgreen — Henry Grabar, Mother Teresa, Henry Grabar, carlos lozada Ross, we’re, Sienna, Sienna’s, we’re Honda Organizations: New York, , Harvard, , Blacks, Navy, carlos lozada “ Survivor, Trump, Housewives, HBO, America, Survivor, City Hall, DC Locations: United States of America, America, United States, Trump, Utah, Northern California, Adenville, Lydia, Park City , Utah, West
The 10 worst places in the U.S. for renters
  + stars: | 2023-06-29 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com   time to read: +2 min
To determine the best and worst places for renters, RentCafe ranked 136 U.S. cities on metrics ranging from average apartment size to local unemployment rate to influx of new business. While the best cities for renters offer strong local economies and sizeable apartments at reasonable prices, the worst cities for renters leave much to be desired. Detroit is the worst city for renters, the rent comparison website found. Outside of Detroit, however, you'll find most of the bottom-10 cities for renters along the coasts — especially in the Northeast. Here are RentCafe's worst cities for renters.
Persons: RentCafe, , you'll Locations: Detroit
Harvard Yard, on the campus of Harvard University in Cambridge, Massachusetts. The ruling is considered a massive blow to decades-old efforts to boost enrollment of minorities at American universities through policies that took into account applicants' race. "Without considering race, there would be a reduction in the number of underrepresented students of color." "This idea, essentially striking down affirmative action, on its surface will result in less diverse classes," said Robert Franek, editor-in-chief of The Princeton Review. "The ruling does allow for students to express, through their essay or otherwise, things about themselves that could include race," Franek also noted.
Persons: Maddie Meyer, Christopher Rim, Cara McClellan, Robert Franek, Kelly Slay, John Roberts, Franek, Organizations: Harvard, Harvard University in, Getty, Command, University of North, Racial, Civil Justice Clinic, University of Pennsylvania Carey Law School, University of California, Michigan, Urban Institute, The Princeton, Vanderbilt University, Colleges, Finance, SUNY Locations: Harvard University in Cambridge , Massachusetts, University of North Carolina
"People see [municipal bonds] as a defensive position for two reasons," said Shannon Saccocia, chief investment officer at NB Private Wealth. "Historically, municipal bonds have had low default rates," wrote Jared Woodard, investment and exchange-traded fund strategist at Bank of America, in a June 12 report. For instance, there's the Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares (VCAIX) and the Nuveen New York Quality Municipal Income Fund (NAN) . In select situations, some advisors are recommending closed-end municipal bond funds. Closed-end muni bond funds trading at a deep discount include the BNY Mellon Municipal Income (DMF) and the MFS High Income Municipal (CXE) .
Persons: Shannon Saccocia, Jerome Powell, Jared Woodard, Nisha Patel, Patel, Paul Winter Organizations: Bank of America, Bond, Muni Bond ETF, Vanguard, Income Fund, Five, BNY, Income Locations: York, BNY Mellon
Opinion | Juneteenth Is Different Out West
  + stars: | 2023-06-16 | by ( Tiya Miles | ) www.nytimes.com   time to read: +4 min
The location of this small event, it turned out, was an old Black neighborhood that was changing over time as residents from different racial backgrounds and income levels moved in for the river views. Juneteenth festivities have long represented tucked-away spaces, deeply local, somewhat surprising and fitted to the variances of Black life in America. In other parts of the country, Black communities celebrated what they called Emancipation Day, keyed to a different historical timestamp. Many Black communities along the Atlantic seaboard celebrated Emancipation Day. There, Juneteenth will be celebrated in the historic building of another African Meeting House, which will have a bicentennial anniversary in 2025.
Persons: General Gordon Granger’s, Jacqueline Jones, , Juneteenth Organizations: Black University of Michigan, West Indies, Atlantic, of, House, American, Heritage, Fund, National Trust for Historic Preservation Locations: boardinghouses, America, Galveston , Texas, West, Massachusetts, Caribbean, Black, Beacon Hill, Nantucket, Cape Cod, MAAH, New Guinea
The 2023 NBA Finals are well underway, with Jimmy Butler and the Miami Heat backing down Nikola Jokic's Denver Nuggets for an NBA championship. How to watch the NBA Finals in the USABC exclusively broadcasts the NBA Finals this year, but you can also catch all the games on partner station ESPN3. If your local TV provider isn't simulcasting the game, you can still watch Nuggets vs Heat game 3 using the live TV streaming services we recommend above. ET ABC, ESPN3 Game 5, Miami Heat at Denver Nuggets (if necessary) June 12, 8:30 p.m. ET ABC, ESPN3 Game 7, Miami Heat at Denver Nuggets (if necessary) June 18, 8 p.m.
Persons: Jimmy Butler, Nikola Jokic's, Nikola Jokic, Lebron James, you'll, that's, you've, We've, ExpressVPN Organizations: Miami Heat, Nikola Jokic's Denver Nuggets, NBA, ABC, ESPN3, Sling, Denver Nuggets, Lakers, Heat, New York Knicks, Milwaukee Bucks, ESPN, Hulu, Nuggets, ExpressVPN, Denver Nuggets Denver, Miami, Denver Nuggets Miami, Denver Locations: United States
In “Blacktop Wasteland” and “Razorblade Tears” (and an earlier thriller, “My Darkest Prayer”), Cosby worked the outlaw side of the crime/suspense genre. In this new one he’s written a crackling good police procedural. Titus deals with two girlfriends, one new and one old (the old one is, unsurprisingly, a true-crime podcaster). As in most novels of this type, he’s positive he’s missed some vital clue, and sure enough, he has. This is news from a part of America that’s rarely written about, especially from a Black perspective.
Persons: Cosby, Titus, he’s, It’s, , Alfred Hitchcock —, Elmore Leonard, , shouters, Walter Mosley, it’s, you’ve, America that’s Organizations: Sheriff Crown, Los Angeles Public Library, Dollar Locations: America, County,
The campaign unearthed such racism that Black youths canvassing the Northside for Measure P were threatened. Measure P landed on the 2018 ballot. Sales-tax measures almost always require a two-thirds vote. Celedon’s legal counsel argued that because Measure P was initiated by citizens and not elected officials, only a simple majority was needed. Measure P, in its first year alone, raised $42 million.
Persons: You’re, they’d, ” Celedon, Mayor Dyer couldn’t, don’t, , Northsiders, we’ve, ” Garibay, Mayor Dyer Organizations: Southside, Civic, Blackstone, Community Medical Centers, Clovis Locations: Northside, they’re
Bat viruses have been the source of multiple health crises besides those related to coronaviruses, including recent outbreaks of Ebola, Nipah, and Marburg. Partners in risk The total area at high risk for bat viruses to infect humans more than doubled in size in Laos between 2002 and 2020. The animals, known to be susceptible to bat viruses, included raccoon dogs, bamboo rats and porcupines. As China boomed in recent decades, global demand for rubber also skyrocketed, leading to further development and deforestation here. Already, scientists have found local bats bearing viruses closely related to those responsible for the 2003 SARS and COVID-19 pandemics.
ORLANDO, Florida, May 15 (Reuters) - China's yuan faces significant long-term obstacles to becoming a global reserve currency of any great import, but the biggest challenge in the near term is the fact that nobody wants to buy Chinese bonds. Reuters ImageReuters Image"It is very hard to create a reserve currency, without attractive reserve assets. Exante Data's figures show foreign investors bought a net $558 billion of Chinese bonds between 2010 and 2021. But in a pool of $12 trillion global reserves, of which nearly 80% is denominated in dollars and euros, these are very small numbers. Reuters ImageRESERVE STATUSAny currency that has designs on attaining international reserve status must meet several criteria and fulfill several roles.
Bat lands worldwide are besieged, seeding risk of a new pandemic
  + stars: | 2023-05-16 | by ( ) www.reuters.com   time to read: +16 min
This collision – bats and humans competing for resources on territory long the domain of the bats – could trigger the next pandemic. As people destroy bat habitats worldwide, they are unwittingly helping bat-borne viruses mutate, multiply, and infect other species, including homo sapiens. For millennia, bat viruses lurked across the forests of West Africa and in other undisturbed parts of the world but posed little threat to humanity. They’re potent proliferators: Some roost tightly together and in close quarters with other bat species. Each of the bat viruses analyzed by Reuters has epidemic potential, according to the World Health Organization.
How Reuters pinpointed bat-virus risk zones worldwide
  + stars: | 2023-05-16 | by ( ) www.reuters.com   time to read: +12 min
Areas where conditions are similar are more prone to spillover, scientists say. The Reuters analysis, which assessed spillover risk through 2020, has proven to have some predictive power. Similar statistical models are used widely to analyze data in ecology, and researchers use them to understand spillover risk. More than one of every five people on the planet is living in areas where the risk is highest for spillover. Using epidemic modeling software called GLEAMviz, the news agency simulated a worldwide pandemic originating from the spillover of a theoretical novel virus.
Typical trip costs increased by 9% in the first quarter of 2023, according to the NerdWallet Travel Price Index, which includes prices for flights, hotels, car rentals and dining out. When expressed in dollar terms, travelers would have paid an extra $180 per person for a $2,000 trip, NerdWallet found. "As has been the case ever since the onset of the pandemic, travel prices have been volatile," said Sally French, a travel expert at NerdWallet. "I think you're going to enjoy it a little bit more," Griscavage said of off-season travel to popular cities. Use your rewardsMany people built up frequent flier miles during the pandemic by using their credit cards that carry travel rewards benefits, Josephs said.
Summer travel: How to save during a busy, expensive season
  + stars: | 2023-05-07 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +1 min
Alexander Spatari | Moment | Getty ImagesThe following is an excerpt from "This week, your wallet," a weekly audio show on Twitter produced by CNBC's Personal Finance team. Here are some insights and ways to save on your trip, shared during a recent conversation with Griscavage, CNBC airline reporter Leslie Josephs and CNBC associate personal finance editor Ken Kiesnoski about summer travel. To that point, airline officials have indicated in company earnings reports that they expect a "monster summer," Josephs said. Use your rewardsMany people built up frequent flier miles during the pandemic by using their credit cards that carry travel rewards benefits, Josephs said. Now is a good time to use — and not hoard — those benefits, especially since it's expensive to buy a flight in cash.
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