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The 10 cheapest states to retire in
  + stars: | 2023-10-14 | by ( Noah Sheidlower | ) www.businessinsider.com   time to read: +3 min
Meanwhile, Washington, DC, Massachusetts, California, and New York are the places where it costs more to retire comfortably. AdvertisementAdvertisementThe south and midwest — which are home to the states with the cheapest cost of a comfortable retirement — have among the lowest regional price parities, which show comparisons of buying power across states and metro areas for a given year. Alternatively, the typical home value in the states where it costs more to retire comfortably ranges from $425,011 in New York to $971,167 in Hawaii. It costs $121,228 to retire comfortably in Hawaii, the only state with a six-figure amount. Hawaii's higher transportation costs, limited housing, and elevated costs of goods that need to be shipped contributed to these high retirement costs.
Persons: , GOBankingRates, Rowe Price Organizations: Service, of Labor Statistics, Social Locations: Mississippi, Oklahoma, Alabama, Hawaii, Massachusetts, Oklahoma , Alabama , Kansas, Iowa, Washington, DC, California, New York
CNN —The Israel-Hamas war is sending investors in search of defensive assets. Israel declared war on Hamas Sunday after the Palestinian militant group launched a brutal attack that killed at least 1,300 people. But investors have since bought up shares of virtually risk-free government bonds, indicating that Wall Street remains worried. Utilities, energy and real estate stocks have also outperformed the broader S&P 500 index’s roughly 1% gain this week. In August, a recently passed EU law known as the Digital Services Act went into effect for large online platforms, including the companies Breton addressed this week.
Persons: , George Smith, Bryan Hinmon, Hinmon, hasn’t, TikTok, Shou Zi Chew, Thierry Breton, Brian Fung, Breton, ” Breton, TikTok didn’t, Anna Cooban, ” Russia’s, Andrei Belousov, Read Organizations: CNN Business, Bell, CNN, Stock, Treasury, LPL, Twitter, Meta, Digital Services Locations: Israel, Palestinian, Saudi Arabia, Russia, Ukraine, Chew, Moscow
Airbnb CEO Brian Chesky called out his own company in an interview with Bloomberg published Monday. AdvertisementAdvertisementAirbnb CEO Brian Chesky says it's time for the company to "get our house in order," in an interview with Bloomberg, and short-term rental hosts are thrilled. Airbnb host Ric Kenworthy, who manages over 90 properties in Arizona, says Chesky's comments were a long time coming. Chesky's site is a marketplace that connects hosts and travelers, and the CEO is struggling to keep both sides happy. As travelers continue to book short-term rentals, Chesky acknowledged the company "never fully built the foundation" needed for the current size of the company.
Persons: Brian Chesky, , Ric Kenworthy, Jen Kelman, that's, Chesky, Airbnb, Melinda Johnson, Johnson, Kelman, Katie Kay Mead Organizations: Bloomberg, Service, Airbnb Locations: Arizona, Airbnb, Tennessee, , Arizona, Arrowhead , California
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia will materialize as a 'terrific opportunity' for Apple, says analystJason Moser of The Motley Fool discusses Apple's business opportunities in Asia, as major companies move to derisk from China amidst growing concerns over supply chain disruptions.
Persons: Jason Moser Organizations: Apple Locations: Asia, derisk, China
Fox Factory is known for making a wide range of products used in everything from bikes to off-road vehicles to trucks. "But at the same time, that's actually the consumer that's most resilient. The higher-income and enthusiastic consumer Analysts highlighted two qualities in Fox's consumer base that help the company weather a broader economic downturn. The company's "sticky" consumer base caught the attention of Motley Fool Asset Management's Shelby McFaddin, whose Small-Cap Growth ETF (TMFS) contains the stock. It's the largest competitor in the business of bike suspensions, which are typically used on mountain bikes to help mitigate rough terrain.
Persons: Riley, Anna Glaessgen, that's, they're, Michael Swartz, shutdowns, Riley's Glaessgen, Fox, Shelby McFaddin, McFaddin, Glaessgen, Truist's Swartz, Swartz, it's Organizations: Fox Factory, Growth, Consumers, Fox, Street, Ford, United Auto Workers, UAW
JPMorgan is paying $75 million to settle a lawsuit from the US Virgin Islands over links with Jeffrey Epstein. JPMorgan is still pointing fingers at the US Virgin Islands, saying the funds will be used to shore up its law enforcement. AdvertisementAdvertisementJPMorgan Chase has agreed to pay $75 million to settle a civil lawsuit from the US Virgin Islands over claims that it facilitated Jeffrey Epstein's sex trafficking operation. The funds come on top of the $290 million JPMorgan Chase has already agreed to settle a separate class-action lawsuit brought by Epstein victims, to fund a compensation program. Epstein owned two islands in the US Virgin Islands, which were sold by his estate earlier this year to billionaire Stephen Deckoff for $60 million.
Persons: Jeffrey Epstein, Jes Staley, , Chase, Jeffrey Epstein's, Motley, JPMorgan Chase, Epstein, Staley, Stephen Deckoff, Denise George, Ariel M, Smith, Patricia Wexler, Wexler, Ghislaine Maxwell Organizations: JPMorgan, US Virgin Islands, Service, US, Islands, Motley Rice LLC, Barclays, Virgin, Virgin Islands, Department, Justice, Deutsche Bank Locations: Virgin, Manhattan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech IPOs: There won't be 'one set success rate' in the coming quarter, analyst saysShelby McFaddin, investment analyst at Motley Fool Asset Management, says they'll be "company-specific."
Persons: Shelby McFaddin, they'll
Is Måneskin the Last Rock Band?
  + stars: | 2023-09-12 | by ( Dan Brooks | ) www.nytimes.com   time to read: +4 min
The other way Måneskin is isolated from the PNRC is geographic. Over the course of lunch, it became clear that they had encyclopedic knowledge of certain eras in American rock history but were only dimly aware of others. But none of them had ever heard of Fugazi, the post-hardcore band whose hatred of major labels, refusal to sell merchandise and commitment to keeping ticket prices as low as possible set the standard for a generation of American rock snobs. It picks up again with Franz Ferdinand and the “emo” era of mainstream pop rock. While snobs like Larson and me are overrepresented in journalism, we never constituted a majority of rock fans.
Persons: ” De Angelis, Motley Crüe, Fugazi, Franz Ferdinand, Larson, Giuseppe Meazza —, San Siro, Tamara, Locations: Los Angeles, Europe, Milan, San, Italy, American
Musk wanted to save that money by moving the servers to one of X's other facilities, in Portland, Oregon. James Musk asked. "The dude is not very good at math," Musk told the musketeers. The lack of servers caused meltdowns, including when Musk hosted a Twitter Spaces for presidential candidate Ron DeSantis. And the Sacramento caper showed X employees that he was serious when he spoke about the need for a maniacal sense of urgency.
Persons: Walter Isaacson's, Elon Musk, Musk, you've, Tesla, Steve Davis, Omead Afshar, James Musk, James, Andrew, Austin, Elon, Alex, Alex the, jimmy, , Ross Nordeen, enlistees, I've, Ross, pushback, Ron DeSantis, X, Walter Isaacson, Jennifer Doudna, Leonardo da Vinci, Steve Jobs, Albert Einstein, Benjamin Franklin, Henry Kissinger Organizations: Twitter, SpaceX, Cape Canaveral, Avid, Toyota Corolla, Apple, Home, NTT, Walmart, Extra Care, PayPal, Depot, CNBC, Tulane University, CNN Locations: Musk's, Sacramento, Portland , Oregon, Portland, Fremont, Texas, Cape, San Francisco, Tahoe, Elon, Austin, Las Vegas, Uzbekistan, Square, Yelp
The G7 is least bad group for a troubled world
  + stars: | 2023-09-04 | by ( Hugo Dixon | ) www.reuters.com   time to read: +7 min
In this troubled world, the Group of Seven rich democracies is the best bet for keeping the peace and protecting the planet. The Group of 20 large economies and the United Nations, both of which hold summits this month, are broken. India and Brazil may also be out of place in an expanded group which China seems to be dominating. G7 BY DEFAULTThat leaves the G7, which brings together the U.S., Japan, Germany, the United Kingdom, France, Italy and Canada. But to see off challenges from other groups, the G7 needs a more ambitious offer for the Global South.
Persons: Joe Biden, Volodymyr Zelenskiy, Vladimir Putin, Lehman Brothers, Narendra Modi, What’s, Putin won’t, Xi Jinping, haven’t, Donald Trump’s, Joe Biden’s, Putin, Peter Thal Larsen, Thomas Shum Organizations: Reuters, U.S, United Nations, UN, Security, Lehman, Indian, United, International Monetary Fund, Freedom House, U.S ., American, European Union, Global, Thomson Locations: Ukraine, Hiroshima, Japan, China, U.S, Soviet Union, Russia, United Kingdom, France, New Delhi, India, loggerheads, Brazil, South Africa, Argentina, Ethiopia, Egypt, Iran, Saudi Arabia, United Arab Emirates, UAE, Mexico, Indonesia, Turkey, Thailand, Nigeria, Vietnam, Malaysia, Philippines, Bangladesh, Germany, Italy, Canada, Iraq, Britain, Europe, Asia, South Korea, Australia
The key to a comfortable retirement may be saving $100 a week starting at 25. The chart below shows how much you can save up by putting away $400 a month starting on your 25th birthday, assuming that historically reasonable 7% annual return. Putting this into perspective, if people saved just $100 a month starting at 25, they'd save over $250,000 by 65 because of compounding interest. This jumps to over $550,000 when saving $50 a week starting at 25, which highlights Milken's suggestion to focus on "holistic life planning." About 25% of Americans lack retirement savings, while half have no access to employer-sponsored retirement plans, The Motley Fool reported based on data from the Federal Reserve.
Persons: they'd Organizations: Service, Milken Institute, Transamerica Center, Retirement Studies, Federal Reserve, of Labor Statistics, Fidelity Locations: Wall, Silicon
To the residents and business owners of Chedun, a working-class neighborhood in the southwestern outskirts of Shanghai, the signs of an anemic economy are all around. The factories that once drew workers from around the country have moved away. Around the affordable eateries and motley shops where workers once crowded, employees eagerly latch onto anyone passing by. A gulf has emerged between the Chinese economy as many Chinese are experiencing it, and Beijing’s narrative of it — and that gulf is only widening. For many ordinary Chinese, one of the worst economic slowdowns the country has faced in decades has translated into widespread pessimism and resignation.
Persons: , ” Cherry Qian Locations: Shanghai
BRICS expansion hopefuls seek to rebalance world order
  + stars: | 2023-08-21 | by ( Joe Bavier | ) www.reuters.com   time to read: +6 min
[1/6] People walk past the Sandton Convention Centre, which will host the upcoming BRICS Summit, in Johannesburg, South Africa August 19, 2023. The wealthy West's domination of international bodies, such as the United Nations, the International Monetary Fund or the World Bank. DEVELOPING WORLD DISCONTENTWhile BRICS has not divulged a full list of expansion candidates, a number of governments have publicly stated their interest. Others want changes at the World Trade Organization, International Monetary Fund and World Bank. Its BRICS trade has indeed increased steadily since it joined, according to an analysis by the country's Industrial Development Corporation.
Persons: James Oatway, Rob Davies, South, bode, Vladimir Putin, Steven Gruzd, BRICS, Ramón Lobo, Gruzd, Lucinda Elliott, Deisy, Yousef Saba, Gustavo Palencia, Lamine Chikhi, Ahmed Eljechtimi, Tomasz Janowski Organizations: Sandton, REUTERS, United Nations, International Monetary Fund, World Bank, BRICS, Observers, South African Institute of International Affairs, U.S ., Reuters, United, Emirates, World Trade Organization, Argentine, New Development Bank, Russia, Industrial Development Corporation, South, Thomson Locations: Johannesburg, South Africa, JOHANNESBURG, Iran, Argentina, Brazil, Russia, India, China, Ukraine, Venezuela, Gulf, Saudi Arabia, Ethiopia, Nigeria, United Nations, United States, Montevideo, Caracas, Dubai, Tegucigalpa, Lamine, Algiers, Rabat
It's not too late to apply for the pandemic-era Employee Retention Credit for your small business. The Employee Retention Credit may be one of those tax-break opportunities for qualifying businesses that continued to pay employees while shut down due to COVID-19 or saw declines in revenue. To shed some light on this, accountant Liz Soria has some insights concerning which businesses should apply for the ERC — and just as importantly, which businesses shouldn't. Navigating the ERC tax creditOf course, the most authoritative source for information about the ERC is the IRS. Your business may be eligible for a substantial refund through the Employee Retention Credit, with no upfront cost to you.
Persons: It's, Liz Soria, Soria, it's, There's, That's, David Moadel, David Organizations: ERC, ERC —, U.S . News, Markets Locations: Soria, U.S
Patrick Trousdale's The Daily Upside newsletter for investors just hit 1 million subscribers. It's an example of how a media company can be profitable in a jittery time for the industry. As an investment banker at Guggenheim Partners in the last decade, Patrick Trousdale had the chance to observe the media industry up close. "You have sizzle before the steak at times with digital media," Trousdale, 33, told Insider. Patrick Trousdale.
Persons: Patrick Trousdale's, Patrick Trousdale, Trousdale, Trousdale forgoing, Puck, Graydon Carter's, Nat Rubio, Leah McGrath Goodman, Goodman, John Keeling, , " Keeling, Patrick Boyle, Substack, Keeling, there's Organizations: Guggenheim, Guggenheim Partners, Guggenheim Securities, Vice Media, Morning, Financial Times, Apple, Plaid, Business Development, Air Mail, Facebook, Google Locations: Puck
Uber (UBER.N) shed 5.4% after the ride-hailing company missed second-quarter revenue expectations. Among pharmaceutical heavyweights, Pfizer (PFE.N) edged lower in choppy trading after the drugmaker fell short of Wall Street expectations for quarterly revenue, hit by declining sales of its COVID-19 products. Merck (MRK.N) eased 0.8% even as it raised its full-year profit forecast after posting a smaller-than-expected second-quarter loss. U.S. second-quarter earnings are now expected to fall 5.9% from a year earlier, as per Refinitiv data on Tuesday, compared with a 7.9% decline estimated a week earlier. Arista Networks (ANET.N) jumped 20.1% as the network gear maker forecast quarterly revenue above estimates after delivering better-than-expected results.
Persons: Brendan McDermid, Mike Olsen, Johann M Cherian, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Reuters, PMI, Dow, Nasdaq, Caterpillar, Pfizer, Merck, U.S, Arista Networks, Dow Jones, Cruise, JetBlue Airways, American Airlines, NYSE, Thomson Locations: New York City, U.S, Bengaluru
Patrick Trousdale's The Daily Upside newsletter for investors just hit 1 million subscribers. It's an example of how a media company can be profitable in a jittery time for the industry. As an investment banker at Guggenheim Partners in the last decade, Patrick Trousdale had the chance to observe the media industry up close. "You have sizzle before the steak at times with digital media," Trousdale, 33, told Insider. Patrick Trousdale.
Persons: Patrick Trousdale's, Patrick Trousdale, Trousdale, Trousdale forgoing, Puck, Graydon Carter's, Nat Rubio, Leah McGrath Goodman, Goodman, John Keeling, , " Keeling, Patrick Boyle, Substack, Keeling, there's Organizations: Guggenheim, Guggenheim Partners, Guggenheim Securities, Vice Media, Morning, Financial Times, Apple, Plaid, Business Development, Air Mail, Facebook, Google Locations: Puck
Despite throwing events attended by thousands, Andrew Yeung has never made a cent off his parties. They've all gathered at the personal invitation of a 27-year-old Google product lead named Andrew Yeung. The terms of his visa stipulate that he can only derive income from his day job at Google. And there was nothing bigger in his father's mind than a tech job in the United States. It was the first Andrew Yeung party.
Persons: Andrew Yeung, techies, who's, Yeung, revelers, He's, hasn't, he's, Connor Roach, Benjamin Franklin, Yeung doesn't, Cliff Lerner, it's, Melissa Glazar, Lior Cole, I've, Cole, Glazar, Lerner, Keyser, didn't, Connor Roach Yeung, Monica, Sunny Yeung, Andrew, Sunny, he'd, Andrew doesn't, It's Organizations: Junto, Google, Cornell, CCP, Yeung's, Party, SXSW, The University of Toronto, Facebook, Art Basel, of Homeland Security Locations: Brooklyn, Belarusian, cabanas, Gowanus, New York, Austin, Miami, LA, phoniness, Silicon Valley, San Francisco, Hong Kong, United States, Central Park, Basel, Canada, Toronto
Barbie’s pregnant sidekick, MidgePregnant Midge was featured in Mattel's Happy Family Barbie Collection that also included Alan (pictured here behind the stroller). Fast-forward to 2002, Mattel introduced a pregnant Midge doll, featuring a detachable baby bump with a toy baby inside. The Midge doll created ripples. Walmart (WMT) ended up pulling the pregnant Midge doll from its store shelves, citing customer complaints about the appropriateness of a “pregnant” doll. When the FBI came after this BarbieVideo Barbie doll with a built-in LCD screen and download port for videos.
Persons: New York CNN —, Barbie, She’s, who’ve, Barbie Fashionistas, “ Barbie, , James Zahn, “ There’s, Midge, Alan, Lawrence Lucier, Zahn, Allan, Ryan, “ Allan ”, “ Allan didn’t, Mattel, “ Alan ”, Tanner, Barbie’s, Mark Ralston, Tanner playset, Tanner playsets, Barbie Mattel, Martin James Brannan, Skipper, Skipper ”, , Miguel Villagran, Barbie Mark Lennihan, Richard Gottlieb Organizations: New, New York CNN, Bel Air, Mattel, Walmart, , US Consumer Product Safety Commission, OREO, Nabisco, Fairfax Media, FBI, Global Toy Experts, New York Times Magazine Locations: New York, American, Barbie, AFP
Sam Pollard’s documentary “The League” introduces audiences to the teams, stars and little-known figures who populated the Negro leagues by chronicling how Black professional baseball first sprouted. It covers the period from just before the majors instituted a gentlemen’s agreement banning African Americans from playing with white players, to the Negro leagues becoming one of America’s biggest Black-owned businesses, to its demise. In an audio interview, Pollard spoke about how he set about constructing his film, and the ways he connected the Negro leagues to the Civil Rights movement. Where did you find the archival Negro league interviews? Byron also interviewed, through his dad, former Negro league players on video.
Persons: Sam Pollard’s, Bob Motley, Pollard, Josh Gibson, Satchel Paige, Jackie Robinson, Byron Motley, Byron Organizations: Negro, Civil
Some investors are shunning Wall Street’s tech frenzy
  + stars: | 2023-07-07 | by ( Krystal Hur | ) edition.cnn.com   time to read: +5 min
CNN —While many on Wall Street have chased the monster rally in mega-cap tech stocks this year, exchange-traded fund (ETF) investors seem to be bucking the “all-in on tech stocks” trend and opting for a more diversified strategy. The Nasdaq Composite index has climbed about 31% for the year, powered by a handful of tech stocks that have soared on hype surrounding artificial intelligence. The Vanguard Information Technology Index Fund saw $955 million of net outflows in the first half of 2023 compared to $291 million net inflows in the first half of last year. Investors had piled into tech-focused ETFs last year when the sector had fallen out of favor, betting that tech stocks would recover, buoyed by an economy that remains resilient despite the Federal Reserve’s punishing pace of interest rate hikes. Now, investors are exiting these ETFs and reallocating their cash to quality stocks with strong balance sheets that can withstand a potential economic downturn, says Todd Rosenbluth, head of research at VettaFi.
Persons: Todd Rosenbluth, , Shelby McFaddin, Larry Fink, Bitcoin, ” Fink, Antoni Trenchev, Charles Schwab, Clare Duffy, paring, Elon Musk, it’s, Read Organizations: CNN Business, Bell, CNN, Vanguard Information Technology, Investors, , Wealth, BlackRock, Fox Business, Federal Reserve, Fidelity Digital Assets, Citadel Securities, Facebook, Twitter, Meta
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta’s Threads is not Twitter killer, but will pose real threat to Twitter's growth: AnalystJason Moser of Motley Fool discusses the rivalry between Meta's newly-launched Threads and Twitter in both user growth and advertising income.
Persons: Jason Moser, Motley
Meta launched Threads social media platform — its answer to Twitter — on Wednesday. 10 million users signed up for Threads in the first seven hours of its launch, per CEO Mark Zuckerberg. Analysts say it could be tough for Threads to outshine Twitter's existing power user base. And even though Threads launching at an advantageous time, at least four Wall Street analysts say it could be challenging to outshine the incumbent. After all, it could be difficult to get Twitter users to move, Billy Duberstein, a portfolio manager at Stone Oak Capital, wrote on the Motley Fool website on Wednesday.
Persons: Meta, Mark Zuckerberg, Elon Musk, Daniel Newman, Newman, hough, witter, ost.News,, ike P roulx,, rove, ames, rian W ieser, Organizations: Twitter, Morning, Elon, Meta, Futurum, Wall Street, otley, NBC
Over 5 million users signed up for Threads in the first four hours of its launch, per Meta CEO Mark Zuckerberg. Meta CEO Mark Zuckerberg ratcheted his rivalry with Twitter owner Elon Musk as Meta rolled out its Threads app to users in 100 countries on Wednesday. Over five million users signed up for the app in the first four hours of its launch, Zuckerberg posted on Threads. The app somewhat resembles Twitter, leading Zuckerberg to post his first tweet in a decade — the famed Spider-Man pointing at Spider-Man meme. To be sure, Meta's Threads isn't the only game in town trying to the Twitter Killer.
Persons: , Mark Zuckerberg, Elon Musk, Zuckerberg, hasn't, Meta, Instagram, Billy Duberstein, Jack Dorsey —, Donald Trump's, Matthew Loh, Duberstein, Insider's Sydney Bradley, Amanda Perelli Organizations: Twitter, European Union, Bloomberg, Meta, Stone Oak Capital
If you weren’t a teenager in 1984, it might be hard to understand this, but here goes: There are Gen X-ers who remember where they were the first time they saw the video for the Wham! clap-along pop anthem “Wake Me Up Before You Go-Go.”In it, George Michael and Andrew Ridgeley, the heartthrob frontmen of Wham!, wear big smiles and beachy short shorts as they perform their infectious bop — titled after a note Ridgeley had once left on his family’s refrigerator — for a small crowd of adoring fans. Ridgeley, who turned 60 in January, remembers making it as great fun. “It was our first video with an audience,” he said during a recent video interview from his home in London. “The atmosphere was really quite excitable and exciting.”Ridgeley and his bandmate are the subject of “Wham!,” a new documentary that premieres on Wednesday on Netflix.
Persons: George Michael, Andrew Ridgeley, beachy, Ridgeley, Crüe, , Chris Smith Organizations: Netflix Locations: London
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