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Business Insider spoke with five women earning more than their husbands about the biggest obstacles they faced when they became breadwinners. AdvertisementPorterfield admitted that she occasionally became jealous of her husband's less stressful days when she felt overwhelmed with work. Katie Matthews' husband quit his job and made her the breadwinner, now they feel like they can breatheAfter Katie Matthews' husband quit his job, she became the breadwinner in their family. "For days and weeks at a time, my husband was effectively a single parent," Mac told BI. If you're a wife earning more than your husband and want to share your story, please contact Manseen Logan at mlogan@businessinsider.com.
Persons: , Amy Porterfield, she'd, Porterfield, didn't, Karina Daves, Karina, Charlie Williams, Terrance, Katie Matthews, Matthews, they've, doesn't, I've, Andrea Mac, Mac, It's, she's, Betsy Grunch, Grunch, Jonathan Batdont, Betsy, Ray, Manseen Logan Organizations: Service, Business, BI, Nissan, Princeton University Locations: California, Tennessee, mlogan@businessinsider.com
A Debate Cheat Sheet for Business
  + stars: | 2024-06-27 | by ( Andrew Ross Sorkin | Ravi Mattu | Bernhard Warner | ) www.nytimes.com   time to read: +3 min
Talking pointsAll eyes will be on CNN at 9 p.m. Eastern, when President Biden and Donald Trump face off in their first debate since 2020. Among the keenest watchers will be executives and investors looking for signs about how the candidates might handle the economy and business in a second term. There will be plenty to scrutinize in the 90-minute, audience-free debate, including what the candidates say and how they say it. What will Biden and Trump say about some of the key issues? In Thursday night’s debate, “markets probably care more about presentation than policy pledges,” Paul Donovan, an economist at UBS, wrote in a client note.
Persons: Biden, Donald Trump, Trump, ” David Bahnsen, DealBook, ” Paul Donovan, Elon Musk, There’s, J.D, Vance of, Doug Burgum, Marco Rubio Organizations: CNN, Bahnsen, UBS, Biden, Trump, Times, Gov Locations: Atlanta, Vance of Ohio, North Dakota, Marco Rubio of Florida
Student loan relief on pause correction
  + stars: | 2024-06-26 | by ( ) www.cnbc.com   time to read: 1 min
Judge Ross agreed with the states that the relief plan would likely reduce the fees the government pays to the Missouri Higher Education Loan Authority, or Mohela, for servicing its federal student loans. An earlier version misstated the name of the agency.
Persons: Ross Organizations: Missouri Higher Education Loan Authority Locations: Missouri
Taylor Swift fans queue outside Murrayfield Stadium in Edinburgh, Scotland, on June 6, 2024. Jeff J Mitchell | Getty Images News | Getty ImagesThe price of 'funflation'Some ticket prices have surged in recent months, according to federal data. Why Americans go all out on entertainmentDespite rising costs, 38% of adults said they plan to take on more debt to travel, dine out and see live entertainment in the months ahead, according to a report by Bankrate. Taylor Swift performs on stage at Wembley Stadium in London on June 22, 2024. Kevin Mazur | Getty Images Entertainment | Getty Images"There's still a lot of demand for out-of-home entertainment," Ted Rossman, senior industry analyst at Bankrate, recently told CNBC.
Persons: Taylor Swift, Jeff J Mitchell, Taylor, Bankrate, Kevin Mazur, Ted Rossman, Rossman Organizations: Murrayfield, Getty, Bureau of Labor Statistics, CPI, Bankrate, Wembley, CNBC Locations: Edinburgh, Scotland, U.S, London
Read previewAs St. Louis continues its guaranteed basic income pilot, two residents are suing to cut the program's funding. The plaintiffs, Greg Tumlin and Fred Hale, are both St. Louis residents. Adam Layne, the St. Louis city treasurer, previously told BI that St. Louis residents have primarily used their $500 a month to pay bills. BI reached out to the city of St. Louis and St. Louis Guaranteed Income for comment, but the parties did not respond by the time of publication. States like South Dakota, Arizona, and Iowa, Republican politicians have also brought basic income bans to the state legislature.
Persons: , Louis, Greg Tumlin, Fred Hale, Tumlin, Adam Layne, Louis GBI, Joe Biden's, Jack Dorsey, St, Ken Paxton, Attorney Christian D Organizations: Service, Business, ARPA, BI, Texas Supreme, Attorney Locations: Missouri, state's, Louis, St, Texas, Harris, Harris County, Houston, States, South Dakota , Arizona, Iowa
Disney World is replacing its Genie+ service and individual Lightning Lane entry pass. Guests can use the Lightning Lane Multi Pass and Lightning Lane Single Pass starting July 24. AdvertisementWalt Disney World will allow guests to make ride reservations a week in advance — but there's a catch. "Walt Disney World will introduce new, simpler names to provide more clarity for everyone," a press release published Tuesday read. "Disney Genie+ service will become Lightning Lane Multi Pass, while individual Lightning Lane will now be known as Lightning Lane Single Pass."
Persons: Lightning, Lane, Organizations: Disney, Service, Walt Disney, Disney Parks Blog, Lightning, Business Locations: Florida
Cerebras Systems, a startup trying to challenge Nvidia on the AI chip battlefield, is reportedly headed for an IPO toward the end of 2024. This is one of the primary elements holding back even some AWS customers from using Amazon's AI chips. But, most AI developers must go through gnarly work to change their software if they want to change their hardware. His startup Vimaan is building tech for a future "dark warehouse" that requires no humans to operate. Advertisement"Am I gonna take a chance to switch out a whole infrastructure that we've built on the Nvidia platform?"
Persons: , Lior Susan, Susan, CUDA, Thomvest, they're, He's, Padval, Jensen Huang, Thomas Sohmers, Ganapathi, Vimaan, Pavdal Organizations: Service, Cerebras Systems, Nvidia, Eclipse Ventures, Business, CUDA, NVIDIA CUDA, AMD, Qualcomm, Google, Intel, UXL Foundation, Amazon's Industrial Innovation Fund Locations: CUDA
London CNN —Nvidia, Nvidia, Nvidia. Nvidia’s stock bounced back Tuesday, yet investors have been reminded of a potentially bubble-bursting truth: You can fly too close to the sun. For context, it took Warren Buffett about 60 years to build Berkshire Hathaway into a nearly trillion dollar company. But typical volatility can have seismic repercussions when it comes to a stock as all-consuming as Nvidia. Analysts at The Carlyle Group say that while artificial intelligence is revolutionizing the world around us, the Nvidia stock bubble will eventually burst.
Persons: Warren Buffett, Berkshire Hathaway, Microsoft’s, , Jim Smigiel, Louis Navellier, Nvidia’s, ” Jochen Stanzl, Emily Bowersock Hill, Jason Thomas, Carlyle’s, ” Neil Roarty, Stocklytics, , Levi’s, , LEVI, ” Read, Ryan Callahan, ” Callahan, CDK, Tom McParland Organizations: CNN Business, Bell, London CNN, Nvidia, Berkshire, Deutsche Bank, SEI, Navellier, Associates, CMC, CNN, Bowersock Capital Partners, The Carlyle Group, ’ Association, Mazda, North America, Automatic Consulting Locations: London, Turkey, Istanbul, Seekonk , Massachusetts
Yet crypto's Fairshake PAC also got into the race and spent $2 million to air an ad critical of Bowman. But it's not just money that the crypto industry plans to deploy this fall. Jordan Vonderhaar | Bloomberg | Getty ImagesThe effort is also meant to showcase a matured crypto industry. Meanwhile, Democratic incumbent Sen. Jon Tester told "Meet the Press" in 2022 that crypto did not "pass the smell test." Tester told reporters that he is keeping an open mind about several crypto bills before the Senate.
Persons: Jakub Porzycki, Jamaal Bowman, George Latimer, Israel, crypto's, Bowman, Fairshake, glided, John Curtis, Jamal Bowman, Evelyn Hockstein, Andreesen Horowitz, Coinbase, it's, Crypto, Brad Garlinghouse, Garlinghouse, Jordan Vonderhaar, Sam Bankman, Faryar Shirzad, Goldman Sachs, Sherrod Brown, Republican Bernie Moreno, Tim Sheehy, Sen, Jon Tester, Tester, Brett Kavanaugh, Kavanaugh, Mike Segar Organizations: Nurphoto, Getty Images WASHINGTON, Fairshake PAC, Westchester, Republicans, Democrats, Republican, United States Capitol, Reuters, CNBC, Bloomberg, Getty, White, Senate, Democratic, SEC, U.S Locations: Westchester County, Bowman's, Washington, Fairshake, Austin , Texas, Ohio, Montana
Read previewPresident Joe Biden's administration is moving toward a plan that would allow US military contractors to deploy to Ukraine for the first time in a limited capacity, CNN reported. Advertisement"The President is absolutely firm that he will not be sending US troops to Ukraine," they added. AdvertisementThey also said that the move would likely see numbers from just a few dozen, up to around 200, contractors in Ukraine at any one time. In February, European leaders balked at French President Emmanuel Macron's statement that the deployment of Western troops to Ukraine should not be ruled out. Allowing US private contractors to go to Ukraine would not be the first time that the Biden White House has crossed its self-imposed red lines regarding support for Ukraine.
Persons: , Joe Biden's, Biden, Emmanuel Macron's, Macron Organizations: Service, CNN, Pentagon, Business, NATO, Biden White Locations: Ukraine, Iraq, Afghanistan
Across the planet, basalt rock deposits on the sea floor have the potential to trap carbon dioxide, removing the heat-trapping gas from our atmosphere. First, the scientists need about $60 million to test a prototype at sea. Basalt rock is highly reactive, full of metals that readily grab CO2 and chemically combine with it to form carbonate minerals. AdvertisementSolid Carbon scientists say carbon rock is stuck on the sea floor for thousands of years. They also argue that in the ocean, there's plenty of room to scale up and little risk of disgruntled neighbors fighting the project.
Persons: Martin Scherwath, it's, David Goldberg, who's, Scherwath, Goldberg, that's Organizations: Service, Business, Ocean Networks, Ocean Networks Canada, Columbia University, National Academies of Science, Engineering Locations: Cascadia, Vancouver, That's, Canada, Iceland, Paris, Elliott Bay, Seattle
The leaders of the U.S. Congress have invited Prime Minister Benjamin Netanyahu of Israel to address a joint meeting of the Senate and the House of Representatives on July 24. Mr. Netanyahu’s appearance in Washington will not represent the State of Israel and its citizens, and it will reward his scandalous and destructive conduct toward our country. We come from a variety of areas of Israeli society: science, technology, politics, defense, law and culture. To date, Mr. Netanyahu has failed to come up with a plan to end the war in Gaza and has been unable to gain the freedom of scores of hostages. At the very least, an invitation to address Congress should have been contingent upon resolving these two issues and, in addition, calling for new elections in Israel.
Persons: Benjamin Netanyahu, Israel, Netanyahu Organizations: U.S, Congress Locations: Washington, Israel, Gaza
In the race for the White House, former President Donald J. Trump has attacked President Biden’s policies to expand renewable energy as a “plan to make China rich” because America’s greatest economic rival also controls many of the parts needed for electric-vehicle batteries, solar panels and other green technology. But eliminating Mr. Biden’s climate policies would end up helping China, economists say, by jeopardizing hundreds of billions of dollars in manufacturing investments that have already been made in the United States and sending that work back to other countries, including China. “From a manufacturing perspective, you’re just ensuring the Chinese edge in these technologies continues to get wider.”Mr. Trump, who has called climate change a “hoax,” has targeted “every one” of Mr. Biden’s policies designed to transition the United States away from fossil fuels. That includes regulations to encourage electric vehicles and solar and wind energy while cracking down on pollution from coal-burning power plants and restricting oil drilling on public lands and in federal waters. The former president has also promised to withdraw the United States from global agreements to reduce greenhouse gas emissions.
Persons: Donald J, Trump, Biden’s, , Stuart, Mackintosh, Mr Organizations: White Locations: China, United States
President Biden’s new student loan repayment plan was hobbled on Monday after two federal judges in Kansas and Missouri issued separate rulings that temporarily blocked some of the plan’s benefits, leaving questions about its fate. That means the Biden administration cannot reduce borrowers’ monthly bills by as much as half starting July 1, as had been scheduled, and it must pause debt forgiveness to SAVE enrollees. The administration has canceled $5.5 billion in debt for more than 414,000 borrowers through the plan, which opened in August. If you’re among the eight million borrowers making payments through SAVE — the Saving on a Valuable Education plan — you probably have many questions. Here’s what we know so far, though the Education Department has yet to release its official guidance.
Persons: Biden’s, Biden Organizations: Republican, Education Department Locations: Kansas, Missouri
Learn moreA little over a week after the NBA Finals concluded, the NBA Draft is here in preparation for next season. Below, we've compiled everything you need to know about where to watch the NBA Draft, including US and UK options. Keep reading to learn how to tune in live to the NBA Draft, whether you have cable or want to live stream the event. Where to watch the NBA Draft in the USThe NBA Draft is spread across two days: Wednesday and Thursday. How to watch the NBA Draft from anywhereIf you are traveling away from home during the NBA Draft, you can keep up with your subscriptions using a VPN.
Persons: Donovan Clingan, Purdue Center Zach Edey, Zaccharie Risacher, Alex Sarr, LeBron James, Bronny James, There's, ExpressVPN Organizations: Business, NBA, US, Barclays Center, Atlanta Hawks, UConn, Purdue Center, Los Angeles Lakers, ABC, ESPN, MLB, NHL, NFL, UFC, Hulu, Disney Plus, Sling, ESPN2, ESPN3, Sky Sports Locations: Brooklyn, Manhattan
The technology to store renewable energy for long periods hasn’t quite been mastered, either. The interconnector would send renewable energy both east and west, taking advantage of the sun’s diurnal journey across the sky. The transatlantic interconnector is still a proposal, but networks of green energy cables are starting to sprawl across the world’s sea beds. They are fast becoming part of a global climate solution, transmitting large amounts of renewable energy to countries struggling to make the green transition alone. Not all of them carry renewable power exclusively — that’s sometimes determined by what makes up each country’s energy grid — but new ones are typically being built for a green energy future.
Persons: there’s, , Simon Ludlam, “ We’ve, we’ve, Fadel Senna, Paul Ellis, Biden, Laurent Segalen, Energy’s Ludlam, , you’ve, you’re, Trump, Dmitry Peskov, George Dyson, Dyson, Morten Kruger, Frank Schneider, Alberto Rizzi, ” Rizzi Organizations: London CNN, Etchea Energy, Getty, Burbo, Sun Cable, Initiative, NATO, European Council, Foreign Relations, United, European Union Locations: New York, California, Britain, Europe, North America, Canada, France, East Coast, United States, Paris, Belgium, Norway, Netherlands, Denmark, Morocco, Moroccan, Ouarzazate, AFP, English, New Brighton, Australia, Singapore, India, Saudi Arabia, Asia, East, Beijing, London, Russia, China, Germany, Ukraine, Finland, Sweden, Baltic, Western Europe, North, Russian, Aqaba, Jordan, Taba, Egypt, Red, America, EU
My First Trip to Norway, With A.I. as a Guide
  + stars: | 2024-06-26 | by ( Ceylan Yeğinsu | ) www.nytimes.com   time to read: +1 min
The assignment was clear: Test how well artificial intelligence could plan a trip to Norway, a place I’d never been. So I did none of my usual obsessive online research and instead asked three A.I. Vacay, a personalized travel planning tool, presented me with a list of questions, while Mindtrip, a new A.I. travel assistant, invited me to take a quiz. Eventually, I locked down a trip that would combine the assistants’ information and go beyond a predictable list of sites.
Locations: Norway, Oslo
Read previewI worked as a Starbucks barista for nearly a year, and I became extremely familiar with just how expensive the popular coffee chain is. As a stingy spender, I made several mental notes on ways customers would unnecessarily waste their money during my shifts. If I find irresistible merchandise, I'll take advantage of the Starbucks rewards program. If you're looking for a caffeine fix, stop wasting your money on hot venti lattesGrande and venti lattes have the same amount of espresso. Stop paying for bottled waterI've always been baffled by people who insist on buying bottled water from Starbucks.
Persons: , spender, Nadir Keklik, Michael Probst, It's, they're, Ramin Talaie Organizations: Service, Business, AP, Americano, Getty, Starbucks
A recent survey of Chinese enterprises in the U.S. has found that a majority remain bullish on the market long term despite growing concerns about U.S.-China relations and the broader business environment. The survey was conducted in April and May of this year, polling nearly 100 Chinese companies across various industries about performance and outlook. The report said Chinese firms remain committed to the U.S. market despite growing negative sentiment about the overall business environment amid rising trade tensions between the world's two largest economies. Over 60% of survey respondents saw a deteriorating business environment in the U.S. Over the past year, the Biden administration has ramped up curbs on Chinese businesses, scrutinizing certain China-dominated industries, placing new sanctions on various Chinese firms and goods and trying to outright block Chinese ownership of certain companies and platforms.
Persons: CGCC, Biden Organizations: Chamber of Commerce Locations: U.S, China
The bad news: account balances for the median 401(k) of a person approaching retirement (65+) remains very low. Higher returns, participation rates, savings ratesWhy do we care so much about 401(k) plans? Thanks to a change in the law several years ago, a record-high 59% of plans offered automatic enrollment in 401(k) plans. By switching to automatic enrollment, participants were automatically enrolled and had to "opt-out" if they did not want to participate. Plans with automatic enrollment had a 94% participation rate, compared with 67% for voluntary enrollment plans.
Persons: John James Organizations: Vanguard, Fidelity, Social Security, Institutional Investor Group, Social, Security, Pension Rights Center
Risk sentiment was also capped as hawkish comments from Federal Reserve officials kept near-term U.S. rate cut expectations in check in a boost to the dollar. The comments along with data showing a stable housing market kept expectations in check over when and by how much the Fed will cut rates. Markets are pricing in 47 basis points of easing this year, with a rate cut in September pegged at 66% probability, CME FedWatch tool showed. In the currency market, the dollar index , which measures the U.S. unit against six peers, was steady at 105.64, while the euro was at $1.0715. The yen touched a 34-year low of 160.245 per dollar on April 29, prompting Tokyo to spend roughly 9.8 trillion in late April and early May to support the currency.
Persons: Androniki, Lisa Cook, Cook, Michelle Bowman, Selena Ling, OCBC, OCBC's Ling, Shri Navaratnam Organizations: Nikkei, REUTERS, Federal Reserve, . Federal, Reuters, Bank of Japan's, Brent, U.S, West Texas, Thomson Locations: Tokyo, Japan, SINGAPORE, U.S, Asia, Pacific
Learn moreThe July 4 UK election draws ever closer, and tonight's final televised debate between the two party leaders could be essential viewing. If you want to know how to watch the UK election debate online between Rishi Sunak (Prime Minister, Conservative Party) and Keir Starmer (Labour Party leader), we can get you ready in just a few clicks. How to watch UK election debate: quick links UK: BBC1 (FREE)BBC1 (FREE) Access the BBC from outside of the UK with ExpressVPN (try risk-free for 30 days)ExpressVPN (try risk-free for 30 days) When: Today, 3:15 p.m. ET / 8:15 p.m. BST / 9:15 p.m. CEST / 3:15 a.m. AWSTHow to watch UK election debate from outside the UKIf you're outside the UK right now, chances are the UK election debate isn't being broadcast on your local news channels. How to watch the Sunak vs. Starmer with a VPNSign up for a VPN if you don't have one.
Persons: Rishi Sunak, Keir Starmer, Laura Kuenssberg, Clive Myrie, ExpressVPN Organizations: Business, Conservative Party, Labour Party, BBC, CNN, BBC1, ExpressVPN
Washington does allow the export of some Nvidia chips to the region, and Nvidia, AMD and Intel have all indicated plans to create less powerful chips for export to the Chinese market. Ooredoo earlier this week signed a partnership with Nvidia , marking the chipmaker's first large-scale entry into the Middle East market. Qatari telecoms provider Ooredoo told CNBC Wednesday that its new tie-up with Nvidia is compliant of all U.S. regulations and will still allow it to have access to the latest technology. Ooredoo told CNBC that the deal is compliant of all U.S. regulations. Ooredoo also committed to investing $1 billion to boost its regional data center capacity even before announcing its partnership with Nvidia.
Persons: Ooredoo, Aziz Aluthman Fakhroo, CNBC's Dan Murphy Organizations: Nvidia, AMD, Intel, United, Ooredoo, CNBC, United Arab Emirates, Microsoft, Qatar Investment Authority Locations: United States, China, Qatar, Kuwait, Oman, Algeria, Tunisia, Maldives, Qatari, Washington, Abu Dhabi
So as a way to frame the choice before voters, I offer these foreign policy questions for President Biden and Donald Trump in the debate on Thursday:President Biden, for months you called on Israel to refrain from invading Rafah and to allow more food into Gaza. Mr. Trump, the Abraham Accords you achieved among Israel and several Arab countries were a legitimate foreign policy success, but you largely bypassed Palestinians. Mr. Trump, you’ve suggested that Israel is taking too long to finish the war in Gaza. Are you saying that Israel should use more 2,000-pound bombs to level even more of Gaza and kill many more civilians? Or are you saying that Israel should cut a deal that leaves Hamas in place and then pull out?
Persons: Biden, Donald Trump, Xi Jinping, Benjamin Netanyahu —, Trump, Abraham, it’ll, you’ve Organizations: Senate Republicans, Abraham Accords, Abraham, Embassy Locations: Israel, Rafah, Gaza, Saudi Arabia, U.S, Jerusalem, America, Lebanon, Iran
How to watch South Africa vs. Afghanistan in the USThe South Africa vs. Afghanistan game will stream on Wednesday at 8:30 p.m. Check price at FuboHow to watch South Africa vs. Afghanistan in the UKThe South Africa vs. Afghanistan game is available on Sky Sports in the UK, which viewers can live stream through Sky's Now TV. How to watch South Africa vs. Afghanistan in AustraliaThe South Africa vs. Afghanistan game will live stream through Prime Video in Australia, where subscriptions start at just $9.99 a month. How to watch South Africa vs. Afghanistan in IndiaThe South Africa vs. Afghanistan game will be available to live stream for free through the Disney+ Hotstar mobile app in India. How to watch South Africa vs. Afghanistan in South AfricaThe South Africa vs. Afghanistan game will be available on DStv in South Africa, where you can live stream it through the cricket-focused Sports channel.
Persons: South Africa hasn't, Sling's Desi, Fubo, Willow, ExpressVPN Organizations: Business, ICC, England, West Indies, tomorrow's, Willow, Sling, Sky Sports, Disney, Cricket, rec Locations: South Africa, Afghanistan, India, Australia, Bangladesh, Africa, tomorrow's India
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