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☆ Personal Finance Tips 2024: 529 Savings
▼ + stars: | 2024-05-17 | by ( Sharon Epperson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPersonal Finance Tips 2024: 529 SavingsSenior Personal Finance Correspondent Sharon Epperson shares her personal finance tips for 2024 including changes to 529 savings accounts.

Persons: Sharon Epperson Organizations: Finance

☆ Kevin Spacey receives star support as he fights to get his career back
▼ + stars: | 2024-05-16 | by ( Lisa Respers France | ) edition.cnn.com time to read: +4 min

CNN —Kevin Spacey is pushing back on the “rush to judgment” against him and is being backed by some big names as he seeks to reclaim his acting career. Sharon Stone and Liam Neeson issued statements of support for Spacey in a story by The Telegraph. Kevin Spacey in 2023. Wiktor Szymanowicz/Future Publishing/Getty ImagesThe timing of the interview comes after the release of “Kevin Spacey Unmasked,” a two-part docuseries that examines Spacey’s career and subsequent fall over the allegations of inappropriate sexual behavior. There’s a proper channel to handle allegations against me and it’s not Channel 4,” Spacey wrote.

Persons: Kevin Spacey, Sharon Stone, Liam Neeson, Spacey, Kevin, ” Stone, ” Neeson, “ Kevin, ”, Anthony Rapp, Rapp, Ridley Scott, Christopher Plummer, “, Wiktor, “ Kevin Spacey, ” Spacey, “ Spacey, Rapp . Spacey, ‘, we’d, ’ Organizations: CNN, The Telegraph, ”, Netflix, Publishing, Max, ” CNN, Old, ” Corporations Locations: London, New York

☆ Columbia Faculty Group Passes No-Confidence Resolution Against President
▼ + stars: | 2024-05-16 | by ( Sharon Otterman | ) www.nytimes.com time to read: +1 min

The no-confidence resolution was introduced by the campus chapter of the American Association of University Professors, a professional faculty organization. Of the 709 professors who voted, 65 percent were in favor of the resolution and 29 percent were against it. Six percent abstained. The resolution particularly criticized Dr. Shafik’s decision to call the police into campus to clear a pro-Palestinian student encampment on April 18, even after the executive committee of the University Senate had unanimously told her not to do it. The resolution said that she had “falsely claimed” that the students were a “clear and present danger to the substantial functioning of the university,” arguing instead that they were peaceful.

Persons: Nemat, Shafik, “ Organizations: of Arts and Sciences, Columbia University, American Association of University, University Senate Locations: Israel

Video footage shows the young man in a white hoodie, identified as Edan On, striking at the barrier around the pro-Palestinian encampment. From Social MediaOn, a local high school senior, was captured on video striking a pro-Palestinian protester with a pole. A pro-Palestinian demonstrator is beaten by counterprotesters attacking a pro-Palestinian encampment set up at UCLA's campus. Etienne Laurent/AFP/Getty ImagesA counterprotester, identified by CNN as Malachi Marlan-Librett, pushes a pro-Palestinian protester in the barrier of the UCLA encampment. Wally Skalij/Los Angeles Times/Getty ImagesMarlan-Librett is seen throwing the bottom of a broom at a pro-Palestinian protester.

Persons: counterprotesters, UCLA –, –, “ Edan, Sharon, Edan, William Gude, “ We’re, counterprotesters calmy, “, ”, Chaim Seidler, Feller, Hillel, On’s, wasn’t, Malachi Marlan, Etienne Laurent, Wally Skalij, Librett, Dolores Quintana, Quintana, ” Dolores Quintana, Tom Bibiyan, Bibiyan, Trump, William Gude Tom Bibiyan, William Gude “, Angie Givant, she’d, Narek Palyan, Palyan, Catherine Hamilton, Hamilton, UCLA’s, Boosinger, ” Dylan Kupsh, ” Kupsh, Kupsh, Audrey Ash, Isabelle Chapman, Scott Glover, Curt Devine Organizations: CNN, UCLA, Fox, Facebook, Israel, Social, Social Media, Los Angeles Police Department, Patrol, UCLA Police Department, Bruins, LA, Key, Beverly Hills High School, Israel Defense Forces, UC Santa Cruz, Getty, Los Angeles Times, ”, Los Angeles Valley College, USC, Green Party, ucla, “, Student, ” Thistle, Thistle Locations: Gaza, Israel, California, Angeles, UCLA's, Los, Los Angeles

☆ What Is Italy’s Most Prized Stuffed Pasta?
▼ + stars: | 2024-05-13 | by ( Dawn Davis | Sharon Radisch | ) www.nytimes.com time to read: +1 min

T’s May 19 Travel issue is dedicated to pasta in Italy, diving deep into the culinary traditions, regional variations and complicated history of the country’s national symbol. Click here for a field guide to stuffed pasta, as an accompaniment to this article. FOR MUCH OF Italy’s history, ravioli was a luxury reserved for banquet tables or feast days. All pasta was a rarefied food in the Middle Ages, but few forms captured the popular imagination as completely as stuffed pasta, considered the noblest of the species. The “Encyclopedia of Pasta” (2009), the Italian food historian Oretta Zanini De Vita’s decades-long effort to catalog Italy’s most popular food, identifies more than 80 types of pasta ripiena (“stuffed pasta”), allowing for countless variations.

Persons: T’s, ravioli, ”, Giovanni Boccaccio, Florentines, del, Oretta Zanini De Locations: Italy

☆ Tense Campuses and Police Barricades Mark New York’s Commencement Season
▼ + stars: | 2024-05-10 | by ( Sharon Otterman | ) www.nytimes.com time to read: +1 min

University commencement season in New York City starts on Friday, in a climate that is anything but normal. Turmoil over protests related to the Israel-Hamas war is seemingly everywhere. At N.Y.U., dozens of graduate student workers are threatening to withhold grades if the university does not remove police officers from campus. At the Fashion Institute of Technology, the police made more than 50 arrests on Tuesday after breaking up a pro-Palestinian student encampment there. At City College, Fordham University, The New School and Columbia, the police have made arrests after being called in by administrators to clear out pro-Palestinian student encampments and end other demonstrations.

Organizations: Fashion Institute of Technology, City College, Fordham University, The New School and Columbia Locations: New York City, Israel, N.Y.U

☆ In Letter, 540 Jewish Columbia Students Defend Zionism, Condemn Protests
▼ + stars: | 2024-05-09 | by ( Sharon Otterman | ) www.nytimes.com time to read: +1 min

A group of Jewish Columbia students has written an emotional and forceful public letter that takes on one of the most divisive issues on college campuses: whether opposition to Israel should be equated with antisemitism. Some of the students who signed the letter, which had 540 signatories as of Thursday morning, have already spoken publicly against Columbia for the antisemitism they say they have faced there. One student testified before Congress about the issue; others have been counterprotesters at pro-Palestinian rallies. In all, by Thursday the letter was signed by just over 10 percent of the estimated 5,000 Jewish undergraduates and graduate students at Columbia and its affiliated colleges. All signatories gave their names, college affiliation and year of graduation, unlike some public letters, that allow for anonymous signatures.

Persons: ”, “ Organizations: Jewish Columbia, Columbia Locations: Israel

☆ Planet Fitness will raise its $10 membership plan for the first time in 26 years
▼ + stars: | 2024-05-09 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN —The Planet Fitness $10-a-month membership plan is a powerful marketing tool and a central part of its strategy. Planet Fitness will raise the price of its “classic” membership from $10 a month to $15 for new members beginning in the summer. “It’s a ‘get you off the couch’ price,” Planet Fitness’ former CEO told CNN in 2022. Planet Fitness blared out the $10 gym plan, which includes annual fees and free training, in commercials. “We’ve seen in every industry people move in price,” Planet Fitness interim CEO Craig Benson said.

Persons: Sharon Zackfia, William Blair, “ We’ve, Craig Benson, ” Organizations: New, New York CNN, CNN, Fitness, Black Card Locations: New York, United States, Square

☆ 27% of young republican workers don't want to live in a state that bans abortions: CNBC Generation Lab survey
▼ + stars: | 2024-05-08 | by ( Sharon Epperson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email27% of young republican workers don't want to live in a state that bans abortions: CNBC Generation Lab surveyCNBC's senior personal finance correspondent breaks down young workers views on state abortion bans and the economy.

Organizations: CNBC

☆ Four day work week popular among younger workers
▼ + stars: | 2024-05-08 | by ( Sharon Epperson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFour day work week popular among younger workersA new CNBC Generation Lab survey finds younger workers feel a 4-day work week is more productive. CNBC's senior personal finance correspondent Sharon Epperson has more.

Persons: Sharon Epperson Organizations: CNBC

☆ Fast food chains are getting the message about soaring prices
▼ + stars: | 2024-05-06 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

To win penny-pinching customers back, some say they're planning smaller price increases for the rest of the year. Wendy's CFO Gunther Plosch told investors on Thursday that consumers are "still under pressure" — especially those with household incomes under $75,000. Chains raised prices drastically during the pandemic to offset rising labor and food costs, and it's coming back to bite them. For some restaurant chains, comparable sales even fell. McDonald's would "certainly" be "prudent and thoughtful" about any further price increases in the rest of 2024, Borden said.

Persons: —, Gunther Plosch, Ian Borden, Joshua Kobza, Burger, Popeyes, Burger King, Wendy's, William Blair, Sharon Zackfia, Borden, Katie Fogertey Organizations: Service, Starbucks, KFC, US, Bureau of Labor Statistics Locations: Burger, North America

☆ Fast food feels more expensive than ever before, and people are sick of it. Here's why.
▼ + stars: | 2024-05-04 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

Analysts say fast-food prices feel particularly painful because they're rising faster than grocery prices. Fast-food prices have been shooting upRestaurant prices are determined by "two major categories" — food costs and labor costs, Citi analyst Jon Tower told BI. Related storiesFast-food chains put up their menu prices to reflect the higher food costs and payrolls. AdvertisementGrocery inflation is coolingFast food seems particularly expensive right now because grocery inflation is cooling much more rapidly, analysts BI spoke to said. AdvertisementBut the inverse is also true — grocery stores benefit much more than restaurants when food inflation cools.

Persons: —, Jim Sanderson, Jon Tower, Sharon Zackfia, William Blair, Price, Danilo Gargiulo, Bernstein, Gargiulo, they've, Garguilo, Sara Senatore, Chad Frye Organizations: Analysts, Service, Northcoast Research, Citi, US Bureau of Labor Statistics, Bank of America Locations: Russia, Ukraine, California

☆ The upside of higher interest rates
▼ + stars: | 2024-05-03 | by ( Sharon Epperson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe upside of higher interest ratesThe Federal Reserve is keeping rates at a 23-year high. While that's tough for borrowers, it's a benefit for savers. CNBC's Senior Personal Finance Correspondent Sharon Epperson explains.

Persons: Sharon Epperson Organizations: Federal, Finance

CNN —Time is running out to prevent starvation in Darfur, in western Sudan, a UN agency has warned, as escalating violence devastates the African nation. People have been forced to consume “grass and peanut shells,” the regional director for Eastern Africa of the World Food Programme (WFP) said on Friday. More than 8.7 million people have been displaced by the war between the Sudanese army and the paramilitary RSF, according to the UN. At least 500,000 of those sheltering in the city have been displaced from violence elsewhere in Sudan, according to the UN’s children’s agency (UNICEF). More than 8.7 million people, including 4.6 million children, have been displaced by the war in Sudan and 24.8 million need assistance, according to OCHA.

Persons: ” Michael Dunford, Cross, Dan Kitwood, Toby Hayward, Hayward, Fasher, Catherine Russell, ” Russell, El Fasher Organizations: CNN, UN, Food Programme, Rapid Support Forces, ICRC, UNICEF, UN Office, Humanitarian Affairs, WFP Locations: Darfur, Sudan, Eastern Africa, South Darfur, Chad, Adré, North, El, El Fasher, Chad’s Tine, –, ”, Port Sudan

The protesters occupying Hamilton Hall on the campus of Columbia University seemed ready to stay a while. They had a microwave, an electric teakettle and sleeping bags, images distributed by the police show. In another classroom, they made a chart for security duties in two-hour shifts, and listed three Maoist revolutionary slogans as inspiration, according to the police videos. For two weeks, Columbia’s campus had been the focal point of a growing crisis on college campuses around the country. Pro-Palestinian demonstrators set up tent encampments, held rallies and otherwise attempted to disrupt academic activities in an attempt to force universities to meet several demands.

Organizations: Columbia University, Palestine Locations: Hamilton

☆ How to adjust to high interest rates
▼ + stars: | 2024-05-02 | by ( Sharon Epperson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to adjust to high interest ratesThe cost of borrowing will continue to be high as the Federal Reserve has kept its interest rate policy the same. CNBC Senior Personal Finance Correspondent Sharon Epperson shares tips for how to manage debt payments.

Persons: Sharon Epperson Organizations: Federal Reserve, CNBC, Finance

The first time Columbia University tried to shut down the pro-Palestinian encampment on its campus, two weeks ago, it called in the New York Police Department. The second time the university attempted to shut down the encampment, on Monday, it tried something different. It offered students who left by a deadline partial amnesty from punishment; if they refused, Columbia would suspend them. Instead, a subgroup of protesters took over a campus building, Hamilton Hall, in the middle of the night. Finally, on Tuesday evening, the university brought in the police again, to rout protesters from the building and encampment.

Organizations: Columbia University, New York Police Department, Columbia, Hamilton Hall

☆ Columbia Said It Had ‘No Choice’ but to Call the Police
▼ + stars: | 2024-05-01 | by ( Sharon Otterman | ) www.nytimes.com time to read: +1 min

Exactly 56 years to the day after the 1968 student occupation at Columbia University was violently cleared by the New York Police Department, hundreds of police officers moved into the Manhattan campus on Tuesday night to quell a different kind of antiwar protest. Dozens of pro-Palestinian demonstrators were arrested as police officers entered Columbia’s main campus, which was on lockdown, and cleared Hamilton Hall of a group who had broken in and occupied it the night before. It was a dizzying and, to many students and faculty, disturbing 24 hours on campus. Last time, students were protesting the Vietnam War and Columbia’s plans to expand its campus into Harlem. Both times, the students had occupied Hamilton Hall.

Organizations: Columbia University, New York Police Department, Hamilton, of, Hamilton Hall Locations: Manhattan, Columbia’s, Vietnam, Harlem, Gaza, Israel

☆ Why Series I savings bonds are losing their luster
▼ + stars: | 2024-05-01 | by ( Sharon Epperson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Series I savings bonds are losing their lusterI bonds were all the rage a couple of years ago, when the interest rate hit nearly 10% and yields on savings accounts were low. Now, as inflation has come down, I bonds have lost their luster. CNBC Senior Personal Finance Correspondent explains.

Organizations: CNBC

☆ Federal prosecutors are examining financial transactions at Block, owner of Cash App and Square
▼ + stars: | 2024-05-01 | by ( Gretchen Morgenson | ) www.cnbc.com time to read: +13 min

Cash App, introduced in 2013, allows users to send and receive money instantaneously among themselves and to buy stocks and Bitcoin. As of December, Cash App had 56 million active transacting accounts and $248 billion in inflows during the previous four quarters, the company said. (Merchants are considered customers at Square, while users are considered customers at Cash App.) Cash App is not a bank, but it uses external banking partners to conduct various services. On March 29, Sutton Bank settled a consent order with the Federal Deposit Insurance Corp. that echoed the whistleblowers' allegations.

Persons: Jack Dorsey, Block, Venezuela —, Edward Siedle, Prosecutors, Cash, OFAC, Lawrence Summers, Sharon Rothstein, Summers, Rothstein, Lord Paul Deighton, Goldman Sachs, Deighton, Dorsey, Banks, Sutton, James Booker Organizations: Twitter, Southern, of, NBC, NBC News, Securities and Exchange Commission, Block, Foreign Assets Control, U.S . Treasury, Cash, OFAC, Goldman, Financial Market, Bank of Lithuania, Payments Lithuania UAB, PayPal, Consumer Finance Protection Bureau, Sutton Bank, Federal Deposit Insurance Corp, FDIC Locations: of New York, Cuba, Iran, Russia, Venezuela, Ohio, Sutton

☆ Analysts bail on Starbucks with 2 downgrades, slashed price targets. 'Stunning across-the-board miss,' says Blair
▼ + stars: | 2024-05-01 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

But Deutsche kept its $89 price target, which suggests the stock could gain just 0.6%, as of Tuesday's close. Starbucks stock hasn't logged a positive year since 2021. Bank of America's Sara Senatore maintained her buy rating and $108 price target, which implies roughly 22% potential upside — a fairly bullish aim compared with other firms. Underpinning Senatore's stance is her expectation that Starbucks' earnings growth will reaccelerate in 2025, fueled by traffic-driving initiatives, such as more menu innovation and operational improvements. JPMorgan analyst John Ivankoe kept his overweight rating but moved his price target lower to $92 from $100.

Persons: William Blair, Sharon Zackfia, Zackfia, Lauren Silberman, Deutsche, Wells, Bank of America's Sara Senatore, Laxman Narasimhan, John Ivankoe Organizations: Starbucks, Deutsche Bank, JPMorgan, UBS, Bank of America, Bank of America's Locations: Tuesday's, U.S, China, Wells Fargo, Israel

☆ Veteran Collected Benefits After Lying About Purple Heart, U.S. Says
▼ + stars: | 2024-05-01 | by ( Claire Fahy | More About Claire Fahy | ) www.nytimes.com time to read: +1 min

A woman in upstate New York was arrested on Wednesday and charged with fraudulently claiming to be a Purple Heart recipient, federal prosecutors said. The woman, Sharon Toney-Finch, 43, of Newburgh, N.Y., defrauded military charities and the Department of Veterans Affairs by lying about having received the Purple Heart, a military award given to those wounded or killed in action, Damian Williams, the U.S. attorney for the Southern District of New York, said in a statement. Ms. Toney-Finch claimed that she had survived a terrorist attack on her convoy in Iraq while serving a tour in March 2010, the statement said. She also claimed to have been wounded in a mortar attack the preceding February. In March 2016, Ms. Toney-Finch began collecting disability benefits from the department after lying about getting injured during her military service, federal prosecutors said.

Persons: Sharon Toney, Finch, Damian Williams, Ms, Toney Organizations: Department of Veterans Affairs, Southern, of Locations: New York, Newburgh, N.Y, U.S, of New York, Iraq

☆ Columbia Tells Protesters to Clear Out Encampment or Face Suspension
▼ + stars: | 2024-04-29 | by ( Sharon Otterman | ) www.nytimes.com time to read: +1 min

Columbia University has given students until 2 p.m. on Monday to clear out from the pro-Palestinian encampment that has occupied a central lawn on its campus for nearly two weeks, warning them that they will face immediate suspension if they do not leave by then. Students in the encampment on Monday morning received a notice from administrators stating that negotiations with student protest leaders were at an impasse. It urged the students to clear out voluntarily to allow the school to prepare the lawn for graduation ceremonies on May 15. “The current unauthorized encampment and disruption on Columbia University’s campus is creating an unwelcoming environment for members of our community,” the notice stated. “Please promptly gather your belongings and leave the encampment.”

Persons: “ Organizations: Columbia University, Police Department, Columbia Locations: Columbia

☆ A Match Made in MAGA: How a Friendship Helped J.D. Vance Land on Trump’s V.P. List
▼ + stars: | 2024-04-27 | by ( Sharon Lafraniere | ) www.nytimes.com time to read: +1 min

He had publicly called Mr. Trump “loathsome” and an “idiot.” Once, he described him as “cultural heroin.”Then came an unexpected lifeline. “Enough with the lies being told about this guy,” Donald Trump Jr., the former president’s son, wrote on Twitter, assuring his followers that Mr. Vance had become a fan of his father. A month later, encouraged by his son, the elder Mr. Trump endorsed Mr. Vance. Today, Mr. Vance is one of the former president’s most reliable allies and a leader of a band of Republicans pushing Senate Republicans to the right. And his star has only continued to rise: Mr. Vance is on the list of Mr. Trump’s possible running mates, according to two people familiar with the discussions.

Persons: Donald J, Trump, J.D, Vance, ” Donald Trump Jr Organizations: Republican, Twitter, Republicans Locations: Ohio

☆ Don't believe these money misconceptions: 3 things to know that can help improve your finances
▼ + stars: | 2024-04-25 | by ( Sharon Epperson | In Sharoneppersoncnbc | ) www.cnbc.com time to read: +4 min

Part of the problem: People continue to believe common misconceptions about managing and investing their money. When it comes to your retirement savings, target-date funds can be another smart option. Young couple managing finance and investment online, analyzing stock market trades with mobile app on laptop and smartphone. "People feel like, I can get a higher return with no risk … but basically, a higher return is always a reward for higher risk." There's almost no risk to money in federally insured deposit accounts, unlike investments that are subject to the daily changes in the stock, which can result in much higher risk.

Persons: Witthaya, Annamaria Lusardi, Paul Yakoboski, Young, Lusardi, There's Organizations: TIAA, Global Financial, Stanford Institute for Economic Policy Research, TIAA Institute, Target, CNBC, Financial Wellness, Board Locations: U.S

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