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If you're making $80,000 per year, the thought of racking up $1 million for retirement might seem daunting. But with a little dedication and the right timing, it's likely within reach — if you stick to a clear plan. As a rule of thumb, most financial advisors suggest that you save 10% to 15% of your salary for retirement. These numbers assume that you plan to retire at age 65 and have no money in savings now. Watch the video above to learn how much you should be saving to reach your goal.

Organizations: CNBC

☆ Ethereum founder Vitalik Buterin travels the globe to keep crypto alive as the U.S. cracks down
▼ + stars: | 2023-09-22 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +17 min

Today, the biggest challenge for Buterin and the ethereum community is making sure that it provides actual value to people. Buterin was named the world's youngest crypto billionaire at age 27 as the crypto market swelled to its peak in 2021. And he isn't, according to his own estimation, the be-all and end-all authority on the ethereum network. About the ethereum network, he says, "On the other hand, you've got your laptop. In terms of what's next for ethereum — Buterin says a big priority is focusing on privacy and scalability through zero-knowledge rollups.

Persons: Vitalik Buterin, Buterin, coder, doesn't, Czech Republic Pavel Sinagl, that's, clasped, Buterin wasn't, cryptocurrencies, Sam Bankman, Luna, they're, Dmitry, Vitalik, Dmitry Buterin, ethereum blockchains, you've, Satoshi Nakamoto, ethereum, — Buterin Organizations: CNBC PRAGUE, CNBC, Canadian, U.S . Tornado, Buterin, U.S, Securities and Exchange Commission, SEC, CFTC, People's Bank of China, tinker, Ethereum, Ethereum Foundation Locations: Prague, Russia, Czech Republic, Ukraine, Netherlands, Paralelní Polis, Holešovice, China, U.S, Africa, Argentina, Buenos Aires, San Francisco, CBDCs, Moscow, ethereum, Denver, Paris

☆ This Montana college town ranks No. 1 as the most fun city for young people—what it's like to live there
▼ + stars: | 2023-09-21 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +5 min

The metro area around Missoula, Montana, ranked No. Tucked away in western Montana is America's most fun city for young adults. "There are so many big names, it doesn't make sense for how big the area is," Tong says. Don't miss: These are the top 10 states for young workers to find jobs, live affordably and have funMissoula ranks No. Tong says one big misconception of living in Missoula is that college students are everywhere, but she hasn't found that to be the case.

Persons: DeJohn, Jaclyn DeJohn, Sturgell, Tong, Brandon Sturgell, Summer Tong, Bon Iver, Jimmy Eat, Elton John, hasn't, we've Organizations: University of Montana's, MIT, Wilma Theatre downtown, Missoula, CNBC Locations: Missoula, Missoula , Montana, Montana, U.S, Tulsa, Okla, Mont, Portland ,, Denver

☆ Analysts predicted new obesity medicines would be blockbusters. Now they’re raising their forecasts
▼ + stars: | 2023-09-16 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +9 min

Fernandez sees a total addressable market of $140 billion to support patients with obesity. He expects there is a potential for GLP-1 drugs to become as common and widely used, much like statins are used to lower cholesterol. Morgan Stanley's Flynn estimates a 30% share of the diabetes market would generate $109 billion on a worldwide basis for GLP-1 drugs. Layer in a 15% to 30% share of the obesity market and that equates to worldwide sales of $97.4 billion to $194.8 billion. Guggenheim's estimates also assume that oral GLP-1 drugs that are currently in development are able to come to market a few years from now.

Persons: Seamus Fernandez, Fernandez, Lilly, Eli Lilly, Morgan Stanley, Terence Flynn, Eli Lilly's Mounjaro, Insulet, Canaccord, William Plovanic, Plovanic, It's, Morgan Stanley's Flynn, Flynn, Novo, Michael Bloom Organizations: Wall, Novo, American Heart Association, Food and Drug Administration, Novo Nordisk, Iqvia, Disease Control Locations: GLP

☆ Coca-Cola used AI to create its newest flavor: The Y3000 soda 'from the future'
▼ + stars: | 2023-09-12 | by ( Nicolas Vega | ) www.cnbc.com time to read: 1 min

Artificial intelligence is the future. Coca-Cola Y3000 is billed as "the first futuristic flavor co-created with human and artificial intelligence." First, researchers at Coca-Cola collected "key flavor preferences and trends to understand what consumers imagine and think the future tastes like," a representative for the company told CNBC Make It. Then, that information was crunched by Coke's artificial intelligence system to "help develop flavor profiles and pairings." Coca-Cola doesn't describe what the new flavor tastes like in any of its materials, but the drink comes in regular and zero sugar varietals.

Organizations: CNBC

☆ The Hunt for the Ideal Bánh Mì
▼ + stars: | 2023-09-06 | by ( Bryan Washington | ) www.nytimes.com time to read: +2 min

In the 1950s, bánh mì skewed further from French tastes and closer to the distinctly Vietnamese iterations that are ubiquitous today. Since the 1970s, when the Vietnamese diaspora became a global presence, bánh mì have proliferated as well. Their bánh mì crunched like a symphony, accompanied by what was likely the best chile crisp I’ve ever had. Ideally, you’ll pick up the baguettes and butter from a Vietnamese bakery or bánh mì shop. But it’s always worth going extra on the pork shoulder; leftovers hold the promise of future bánh mì.

Persons: bánh, you’ll, it’s Locations: Vietnam, Houston, Amsterdam, Seattle, Ba, Tokyo, Harris, Fort Bend, Swig, mayo, you’re

☆ A Gen Zer living in a microstudio in Dubai says it's changed how she shops, cleans, budgets, and socializes
▼ + stars: | 2023-08-31 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

So having a small space really helped that in a lot of ways." Living in such a small space means it's easy to keep costs low. As a hybrid worker, she loves working from home — but having such a small space to get work done from can be restrictive. At the end of the day, she said she wished people understood that not everyone living in Dubai was very rich or living in luxury. "I live in a very small space, and I work at a publishing company," she said, adding: "It's not what you see online only.

Persons: Twinkle Stanly, Stanly, —, It's, Stanly —, I've, Knight Frank, That's Organizations: Service, CNBC Locations: Dubai, United Arab Emirates, Wall, Silicon

☆ AI bros are at war over declarations that Google's upcoming Gemini AI model smashes OpenAI's GPT-4
▼ + stars: | 2023-08-29 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

The researchers behind the SemiAnalysis blog say Google's upcoming AI Gemini smashes GPT-4. That might explain OpenAI boss Sam Altman's defensive response to a post published over the weekend titled : "Google Gemini Eats The World – Gemini Smashes GPT-4 By 5X, The GPU-Poors." Gemini is a next-gen, multimodal AI model being worked on by researchers at Google's AI arm DeepMind, and is expected to be released later in 2023. In response, SemiAnalysis' Patel posted on X that he got data on Google's GPU stores from a supplier of Google — rather than Google itself. But to say Gemini Smashes GPT-4 by 5x makes it sound like it is 5x better than GPT-4, it's not, its 5x compute.

Persons: Sam Altman, Sam Altman's, Dylan Patel, Daniel Nishball, Google's, Patel, OpenAI's, Altman, SemiAnalysis, Sundar Pichai, Sundar, G86ZRjnNmS, dtS0Bw3I92 — Dylan Patel, dethrones OAI, it's, ChatGPT Organizations: Google, Hacker

☆ A fitness trainer says this is how much exercise you should be doing a week: 'It's less than you might think'
▼ + stars: | 2023-08-26 | by ( Stephanie Mellinger | ) www.cnbc.com time to read: +2 min

That's an excellent goal, but the minimum amount of exercise you need is actually less than you might think. Get a heart rate monitor. Ask your doctor if they have a recommended heart rate range for you. If they don't, I suggest starting at 60% to 70% of your maximum heart rate (HR). Many people think they need to set intense goals, such as doing five-hour workouts per week or training to run a half marathon.

Persons: Max, you've, Skip Organizations: World Health Organization, WHO

☆ Big Tech salaries revealed: This is what developers, engineers, and product managers make at Google, Apple, Meta, and Amazon
▼ + stars: | 2023-08-23 | by ( Business Insider | ) www.businessinsider.com time to read: +1 min

Insider analyzed salary data for thousands of workers to reveal how much large tech companies pay. We crunched the numbers for companies including Amazon, Apple, Facebook, Google, and Microsoft. The data from US companies report in foreign workers' visa applications sheds light on compensation. In March, the tech-industry association CompTIA reported that the projected rate for tech jobs over the next decade is nearly twice the national jobs rate. It projected over 270,000 net new tech jobs this year.

Organizations: Amazon, Apple, Facebook, Google, Microsoft, Companies, of Foreign Labor

☆ Here's what happens to the Dow after a 13-day winning streak, according to history
▼ + stars: | 2023-07-27 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

The Dow Jones Industrial Average closed higher for 13 consecutive days this week, notching its longest winning streak since 1987. Only four such rallies were sustained for 12 days, with the longest winning stretch set at a record 13 days in 1987. In the week following a 10-day streak of gains, stocks have previously held on to their profits, staying flat on average. On average, stocks were also flat a month after a 10-day winning streak. In the quarter after a 10-day streak of gains, stocks have returned an average 2.4% in the past.

Persons: Dow Jones, Dow, Steve Eisman, Neuberger Berman, CNBC's, Michael Lewis, Jerome Powell, —, Fred Imbert Organizations: Dow Jones, America, Boeing, Dow, CNBC, Investors, Federal

☆ The Dow's longest win streak since 2017 is another sign that suggests there is no recession in sight
▼ + stars: | 2023-07-25 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The Dow Jones Industrial Average is in its longest win streak since February 2017. Carson Group's Ryan Detrick observed that win streaks from the Dow suggest there is no recession in sight. Blue chips were higher three months later 100% of the time, delivering an average gain of 5%. They were also up six months later 100% of the time, delivering an average gain of 11%. And 12 months later, they were up 80% of the time, delivering an average gain of just over 8%.

Persons: Carson Group's Ryan Detrick, Dow, Ryan Detrick, Dow Jones, Detrick Organizations: Dow Jones, Dow, Service, Microsoft, Carson Group Locations: Wall, Silicon

The thought of retiring and funding your retirement adequately might be daunting. Retirement usually entails replacing your annual salary from a workplace with other income sources to maintain your current lifestyle. While Social Security may cover part of your budget, there are understandably reasons to be concerned about how much you could receive from Social Security by the time you retire. The rest of your money will most likely need to come from your savings and investments. CNBC crunched the numbers, and we can tell you how much you need to save now to get $40,000, $50,000 and $60,000 every year in retirement, without taking a bite out of your principal.

Persons: you'll, It's Organizations: Social, Social Security, CNBC

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to earn $40,000, $50,000 and $60,000 in interest alone every year for retirementAn interest-only retirement plan can fund your retirement without draining your savings, but you will need to save a lot of money to make it possible. CNBC crunched the numbers, and we can tell you how much you need to save every month, broken down by age, to get $40,000, $50,000 and $60,000 every year in an interest-only retirement. Check out this video to learn how much you will need to turn that dream into a reality.

Organizations: CNBC

Insider obtained an internal spreadsheet that shows much Google employees were paid in 2022.Insider crunched the numbers to find the highest base salaries for US-based roles at the tech giant. The median total compensation at Google in 2022 was $279,802 — but which roles raked in the highest salaries? Insider obtained an internal company spreadsheet that was shared among Google employees. The sheet includes salary data for more than 12,000 US-based employees in 2022 and covers a range of roles, including software engineers and business analysts. The spreadsheet gives us our best look yet at how much the tech giant is paying staff, with some limitations: the data is for US-based roles only and includes data that employees voluntarily submitted.

Organizations: Software, Google, Morning Locations: US

☆ Sensorfact helps industrial companies manage their energy and water usage. Check out the 11-slide pitch deck it used to raise $28 million.
▼ + stars: | 2023-07-19 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Sensorfact has created a smart monitoring system to help industrial companies cut energy and water use. Check out the 11-slide pitch deck it used to secure 25 million euros (around $28 million). A Dutch startup helping industrial companies manage their energy and water use has just raised 25 million euros (around $28 million) from growth impact fund Blume Equity. Sensorfact, founded in 2017, has developed a smart monitoring system for industrial companies including food and beverage, plastic and rubber, and metals manufacturers. It uses wireless sensors that are clipped onto machine cables and gas, water, and compressed air pipes to monitor flow every 30 seconds, which is fed back to a user-facing platform.

Persons: Sensorfact, Pieter Broekema's, Broekema, Biden's, Blume, Eleanor Blagbrough Organizations: Blume Equity, Sensorfact, Industry, SET Ventures Locations: Dutch, Europe

While the thought of funding your retirement adequately might be daunting, if you start planning now, you'll certainly be thankful later. It's never too early to start thinking about retirement and it might not be as difficult as you think. Retirement usually entails replacing your annual salary from a workplace with other income sources to maintain your current lifestyle. While Social Security may cover part of your budget, there are understandably reasons to be concerned about how much you could receive from Social Security by the time you retire. CNBC crunched the numbers, and we can tell you how much you need to save now to get $80,000, $90,000 and $100,000 every year in retirement, without taking a bite out of your principal.

Persons: you'll, It's Organizations: Social, Social Security, CNBC

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to earn $80,000, $90,000 and $100,000 in interest alone every year for retirementAn "interest-only" retirement plan can fund your retirement without draining your savings, but you will need to save a lot of money to make it possible. CNBC crunched the numbers, and we can tell you how much you need to save every month, broken down by age, to get $80,000, $90,000 and $100,000 every year in an interest-only retirement. Check out this video to learn how much you will need to turn that dream into a reality.

Organizations: CNBC

☆ ESPN's layoffs underscore its desperate need for a post-cable lifeline, but analysts are split on Disney's streaming plan that puts $20 billion of revenue at risk
▼ + stars: | 2023-07-07 | by ( James Faris | ) www.businessinsider.com time to read: +13 min

But that plan carries serious risk, as it would jeopardize still-sizable cable revenue without guaranteeing that enough sports fans would support such a product. Several other analysts — including Barton Crockett of Rosenblatt Securities, who has a buy rating for Disney shares — seconded those concerns about cannibalizing cable revenue. Nollen estimated 35 million current cable customers would switch to ESPN DTC. ESPN DTC is zero incremental cost and potentially billions in incremental revenue." An ESPN streamer (in light purple) would gradually drive revenue for Disney, Wells Fargo predicts.

Persons: Disney, that's, Jalen Rose, Todd McShay, Bob Iger, Macquarie's Tim Nollen, Nollen, Barton Crockett, —, Crockett, who'd, Will, you've, they'll, William Cohan, Cohan, Joe Bonner, Bonner, Brandon Nispel, Iger, Nispel, We've, Jason Bazinet, Bazinet, Hulu —, Wells Fargo's Steven Cahall, Cahall, Wells Organizations: ESPN, Disney, Bank of America, NBA, Sports, ESPN Disney's ESPN, Rosenblatt Securities, ESPN DTC, Will Disney, Citigroup, NFL, NBC, Apple, Comcast, NBC Sports, Netflix Netflix, Hearst, Argus Research, Netflix, KeyBanc, Hulu, DIS, Wells Fargo Sports Locations: Wells Fargo, it's, Wells, Hulu, Puck

☆ AI can pick top-performing private equity funds better than many institutional investors, Oxford study finds
▼ + stars: | 2023-07-04 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

AI can pick private equity firms to back better than many investors, per an Oxford study. Artificial intelligence can pick out top-performing private equity (PE) funds better than many institutional investors, according to research from the University of Oxford. Researchers trained an AI model to identify high-performing PE funds by reading 400 fundraising prospectuses and factoring in long sections that are often overlooked by investors, for a study by the Saïd Business School. Ludovic Phalippou, the lead researcher and a professor of financial economics at Oxford Saïd. But only a limited number of investors have the resources to take advantage of AI, so Phalippou expects to see consultants add it to their services.

Persons: Ludovic Phalippou, Oxford Saïd, Phalippou Organizations: University of Oxford, Saïd Business School, Oxford, Oxford Saïd, Coller Locations: Oxford

☆ Sabalenka races through against Udvardy
▼ + stars: | 2023-07-04 | by ( Martyn Herman | ) www.reuters.com time to read: +1 min

[1/3] Tennis - Wimbledon - All England Lawn Tennis and Croquet Club, London, Britain - July 4, 2023 Belarus' Aryna Sabalenka in action during her first round match against Hungary's Panna Udvardy REUTERS/Toby MelvilleLONDON, July 4 (Reuters) - Second seed Aryna Sabalenka made short work of Hungary's Panna Udvardy with a powerful 6-3 6-1 victory to reach the second round at a rainy Wimbledon on Tuesday. "I didn't realise how much I missed this place until today," Sabalenka, who reached the semi-finals in 2021, said on court. She lost only five points behind her heavy first serve and crunched 20 baseline winners against her 82nd-ranked opponent. The Minsk-born player showed some deft touches too, including a 'tweener' as she raced back to retrieve a lob. Sabalenka will face either Italian Camila Giorgi or Varvara Gracheva of France in round two.

Persons: Hungary's Panna Udvardy, Toby Melville LONDON, Aryna Sabalenka, Panna, Sabalenka, It's, Iga Swiatek, Elena Rybakina, Camila Giorgi, Varvara Gracheva, Martyn Herman, Ken Ferris Organizations: Lawn Tennis, Croquet Club, Hungary's, Wimbledon, Thomson Locations: London, Britain, Belarus, Belarusian, Ukraine, tennis, revelled, Minsk, France

☆ Top 10 things to watch in the stock market Wednesday, including a Nvidia decline
▼ + stars: | 2023-06-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Handful of price target bumps on Snowflake (SNOW) following the company's investor day. Canaccord also catching up on its price target, cutting it to $720 per share from $953. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: MoffettNathanson, Oppenheimer, Mills, downgrades, Canaccord, Wolfe, Jim Cramer's, Jim Cramer, Jim Organizations: Dow, Street Journal, Nvidia, Walgreens Boots Alliance, Deutsch Bank, Barclays, JPMorgan, Club, Nike, Electric, GE, Paris Airshow, CNBC Locations: China, downgrades, Wells Fargo, Wells

☆ A Reuters journalist explores his ancestors’ ties to slavery
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +38 min

It took me a few minutes of research to figure out why I was losing track of the descendants of the people George Julian enslaved. If the racial cleansing of Forsyth County was mentioned, I didn’t notice. Still hopeful that I might be able to somehow identify and locate living descendants of the people my family enslaved, I flew to Georgia last November. Her father was also a butler for a wealthy white family, her mother a cook. In 1860, Osby’s ancestors were enslaved and working the fields of Forsyth County.

Persons: Julian, Abijah’s, George Julian, George, ”, Adaline, –, Abijah, Dick, Lott, Aggy, Henry, Lewis, Ellick, Jim, Josiah, Reuben, Woodrow Wilson, Rob Edwards, Black, Oprah Winfrey, Forsyth, “, Cumming, who’d, Abijah Julian, ” Gov, Joseph Mackey Brown, ‘ Dick, I’d, Grandma Horseyfeather, Brice gesturing, ” I’d, Grandma Horseyfeather’s, – I’ve, “ Lott, Abijah Julian’s, Richard Julian, Charlotte Julian, Richard, Charlotte, George Julian’s, She’d, “ I’m, That’s, Martin Luther King, wasn’t, Sophia Dodd, Dodd, Elon Osby, – Dodd, Osby, Bailey, George H, Julian ” –, – “, ” Osby, ” Dodd, Ida Julian ., Ida Julian’s, Ida ., Ida hadn’t, Ida Julian, Bagley, Willie M, Willie Mae Bagley, Willie Mae Butts, Elon Butts Osby, Osby’s, ’, Elon Osby’s, Ida Bagley, William Bagley, Adaline Julian, Richard Julian –, Abijah Julian –, she’d, we’ve, you’ve, ELON, crunched underfoot, could’ve, Abijah John Julian ”, Webster, I’ve, weren’t, “ We’re, – we’re, …, Horseyfeather, gesturing, “ You’re, Tom Lasseter, Corinne Perkins, Wong, Jeremy Schultz, Catherine Tai Design, John Emerson, Blake Morrison Organizations: ., Reuters, ”, Black, Charlotte, Toyota, Atlanta History, Elon, Lockheed, Tiffany, Atlanta Housing Authority, Task Force, Mazda, American Legion, United, Confederacy Locations: Forsyth, Negros, negros, Virginia, . Civil, Georgia, Cumming, U.S, Forsyth ., Dawson, Atlanta, Tulsa , Oklahoma, Jefferson County , Georgia, Forsyth County, Charlotte, Thai, Macedonia, Buckhead, Bagley, America, Fulton County, Fulton, Bagley Park, Iraq, Afghanistan, Osby, England, Juneteenth, Brooks County

We're initiating a new position in Stanley Black & Decker (SWK), buying 100 shares at roughly $89.59 each. Following Wednesday's trade, Jim Cramer's Charitable trust will own 100 shares of SWK, representing approximately 0.32% of the portfolio. This global leader in hand and power tools, household hardware, and engineered fastening systems is getting called up from the Club Bullpen. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stanley Black, Decker, Jim Cramer's, We're, Stanley, Jim Cramer, Jim, Spencer Platt Organizations: SWK, CNBC, Traders, New York Stock Exchange, Getty Locations: United States, New York City

☆ 'AI' is trending in Google searches — but it's not yet to the peak reached by Bitcoin in 2017
▼ + stars: | 2023-06-01 | by ( Asia Martin | ) www.businessinsider.com time to read: +2 min

"AI" is trending in Google searches, but it hasn't yet hit the peak seen by Bitcoin in 2017. An Alliance Bernstein analyst crunched the numbers using Google Trends data. Schilsky's report shows a line chart comparing three search terms: "AI," "metaverse," and "Bitcoin." A screen grab from Google Trends shows what Alliance Bernstein analyst Mark Schilsky pointed out to clients: The peak of search volume for "Bitcoin" is higher than the peak of search volume for "AI" so far. With the trendline for "AI" searches — and its apparent inevitable march to be an ever-more important part of our lives — it's likely only a matter of time before it surpasses "Bitcoin" for search volume.

Persons: Bitcoin, Alliance Bernstein, crunched, Bernstein, Mark Schilsky's, Mark Schilsky, Mark Zuckerberg's, — it's, we're Organizations: Alliance, Google

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