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☆ Unwashed poppy seeds: Opioid overdose from tainted tea prompts proposed bill
▼ + stars: | 2024-10-03 | by ( David Hilzenrath | ) edition.cnn.com time to read: +8 min

People have died after drinking tea brewed from unwashed poppy seeds. Members of the House of Representatives and Senate have proposed legislation “to prohibit the distribution and sale of contaminated poppy seeds in order to prevent harm, addiction, and further deaths from morphine-contaminated poppy seeds.” The bill was one of several on the agenda for a September 10 House hearing. On the other hand, tea made from large quantities of unwashed poppy seeds could lead to addiction and overdose, doctors said. The US Drug Enforcement Administration said unwashed poppy seeds can kill when used alone or in combination with other drugs. The US Department of Justice has brought criminal prosecutions over the sale of unwashed poppy seeds.

Persons: “, “ It’s, Elke Scholiers, ”, Steve Hacala, Courtney Rhodes, CSPI, Eva Greenthal, It’s, Irving Haber, Benjamin Lai, Lai, ‘, Steve Hacala’s, Stephen Hacala, Stephen Hacala’s, Betty, David Rousseau, Jamie Silakowski, Silakowski, Tim Hortons, Popeyes, Joe’s, Sen, Tom Cotton, Steve Womack Organizations: Health, Marshall, US Department of Defense, Doping, Workers, for Science, Food and Drug Administration, FDA, Mayo Clinic, Arkansas State Crime Laboratory, KFF Health, Restaurant Brands, Burger, Washington Post, US Drug Enforcement Administration, US Department of Justice, Senate, Republican, KFF Locations: Chittorgarh, India, Rochester , Minnesota, Arkansas, South Korea

☆ I'm an American mom living in Spain. When we visit the US, my son is surprised by the 'fancy' cars and how sugary breakfast is.
▼ + stars: | 2024-10-03 | by ( Jennifer Fernández Solano | ) www.businessinsider.com time to read: +6 min

He's surprised by how much junk food and sugary breakfast options there are in the US. AdvertisementThis as-told-to essay is based on a conversation with Jennison Grigsby, an American mom and yoga teacher who lives in Valencia, Spain. Related storiesLiving in Spain, he's used to seeing buses in front of our house every day, and we often take the bus together. Luca's usual breakfast in Spain is fruit and sometimes cereal, but not the sugary kinds I had growing up in the US. Plus, getting out of that cold water and feeling freezing isn't something he's used to, especially compared to the warm, inviting beaches in Spain.

Persons: Luca, He's, —, Jennison Grigsby, It's, we've, he's, There's Organizations: Service, Ford, Ferraris Locations: American, Spain, Valencia, Los Angeles, California

☆ Historic heat wave grips the West, California and shatters records
▼ + stars: | 2024-10-03 | by ( Mary Gilbert | ) edition.cnn.com time to read: +5 min

At least 125 places from the West Coast to the Rockies have tied or broken all-time October heat records since the month began. It’s another reminder that extreme heat is no longer confined to the summer as the world warms due to fossil fuel pollution. “If we continue to warm the plant by burning fossil fuels, late-season heat waves like this will become much more common.”California has been at the epicenter of the extreme heat. The record-breaking heat began before the calendar flipped to October. Phoenix could reach two consecutive weeks of record-breaking heat as it remains stuck in it into at least midweek.

Persons: ” Kristina Dahl, California’s, ” Dahl Organizations: CNN, Rockies, Union of, Phoenix, Denver, National Weather Service Locations: United, West Coast, California, San Jose , California, Las Vegas, Phoenix, Maricopa County, Colorado, Denver, Los Angeles, West, Sacramento, Santa Ana

☆ How Netflix's 'Nobody Wants This' was inspired by creator Erin Foster's real-life love story
▼ + stars: | 2024-10-03 | by ( Olivia Singh | ) www.businessinsider.com time to read: +5 min

Netflix's "Nobody Wants This" centers on the relationship between a rabbi and an agnostic podcast host. The show is loosely inspired by creator Erin Foster's relationship with her husband, Simon Tikhman. Erin Foster got the idea for 'Nobody Wants This' in 2019 while converting to JudaismSimon Tikhman and Erin Foster in September. Stefania Rosini/Netflix"It's kind of a love letter to our relationship," Foster said of "Nobody Wants This" on her podcast. "I intentionally made the characters really different than the people are in real life because I didn't want to get divorced," Foster told Today.com.

Persons: Erin Foster's, Simon Tikhman, Foster, Tikhman, —, Netflix's, Noah, Adam Brody, Joanne, Kristen Bell, Erin Foster, Charley Gallay, Netflix Foster, Harper's, Sara, Oly Obst, Tudum, Bell, Brody, Noah aren't, Stefania Rosini, Simon, Noah's, Morgan, Justine Lupe, Today.com, Saeed Adyani Organizations: Service, Netflix, Los Angeles Times

☆ October surprises are piling up, but a toss-up race seems impervious to shocks
▼ + stars: | 2024-10-03 | by ( Stephen Collinson | ) edition.cnn.com time to read: +14 min

The trio of tests facing Harris comes with potential economic, political and humanitarian consequences if the administration errs. And the new scrutiny of Trump’s behavior after the 2020 election could cause some voters to again question his fitness for the Oval Office. Former President Donald Trump speaks during a campaign event at Dane Manufacturing in Waunakee, Wisconsin, October 1, 2024. NONE OF THIS HAPPENED WHILE I WAS PRESIDENT!” Trump wrote on Truth Social on Tuesday. But Trump has already tried to manipulate the tragedy for political gain, accusing Biden of “sleeping” following the storm.

Persons: Donald Trump, Kamala Harris, Biden, Hurricane Helene, Trump, Jack Smith, ’, Harris, Kamil Krzaczynski, Trump’s, ” Smith, Smith, ” Trump, Steven Cheung, JD Vance couldn’t, Augusta Mayor Garnett Johnson, Brendan Smialowski, Joe Biden, Helene, Amir Cohen, Hassan Nasrallah, Benjamin Netanyahu’s, Netanyahu’s, Netanyahu, “, ”, There’s, egging Netanyahu, Spencer Platt, “ Donald Trump …, Still, Mandel Ngan, they’ve, Brian Kemp, ” Biden, we’re Organizations: CNN, Oval, Dane Manufacturing, Getty, Trump, ”, Radical Democrats, Republican, Augusta, Democratic, White, Reuters, Wednesday, Democratic Party, Port, International Longshoremen’s Association, Biden, Republican Party, GOP, Raleigh Emergency Operations Center, Pentagon, National Guard, Georgia Republican Gov Locations: Hurricane, Waunakee , Wisconsin, AFP, Meadowbrook, Augusta , Georgia, Iran, Israel, United States, Tehran, Russia, Ukraine, Ashkelon, Lebanon, Gaza, Islamic Republic, Washington, Michigan, New York, Newark, Staten Island , New York, Gulf Coast, Raleigh , North Carolina, Georgia, North Carolina

☆ We expect a rebound for the art market in the second half of 2024, says Christie's CEO
▼ + stars: | 2024-10-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect a rebound for the art market in the second half of 2024, says Christie's CEOGuillaume Cerutti, Christie’s CEO, joins 'Closing Bell Overtime' to talk softening in the art and collectors market, its new Hong Kong location, and more.

Persons: Guillaume Cerutti Locations: Hong Kong

☆ This travel concierge's clients are worth at least $100 million. Here's how they do Las Vegas differently — from where to stay to where to eat.
▼ + stars: | 2024-10-03 | by ( Brittany Chang | ) www.businessinsider.com time to read: +7 min

Ultra-luxury travel concierge Sienna Charles' clients have an average net worth starting at $100 million. Its founder explained how its clients do Las Vegas, from the best hotels to the top restaurants. While you'd be right, you'd also be missing one key destination — Las Vegas. India said Las Vegas is a once-a-year trip for some of Sienna Charles' clients. However, unlike most attendees, Sienna Charles' clients also get VIP or backstage access tickets.

Persons: Sienna Charles, —, you'd, Jaclyn Sienna India, Eric Lo, George W, Mariah Carey, Carbone, Bauer, Griffin, Fleur de Lis, Connie Zhou, Kit Leong, Mott, Cipriani, Delilah, Rachel Askinasi, Wynn, Dine, Tayfun, Katy Perry's, Gaga's Organizations: Service, New, Hamptons, Las Vegas Convention, Visitors Authority, Fortune, AaronP, Wynn Las, butlers, Carbone's, Anadolu Agency, Getty, Resorts Locations: Vegas, Las Vegas, London, Paris, Sin, India, Nevada, Vegas India, Wynn Las Vegas, Fontainebleau's, Fontainebleau, Vegas Mott, Peking, New York, York, Las, Wellington

☆ Helene aftermath: Here's how to avoid being a victim of post-storm scams
▼ + stars: | 2024-10-03 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

A van flows in floodwaters in the aftermath of Hurricane Helene on Sept. 28 in Asheville, North Carolina. States affected by Hurricane Helene are warning residents to watch for the risks of scams in the aftermath of the storm, including price gouging. Price gouging happens when there is an excessive increase in prices charged for goods and services, and it often happens during emergencies or disasters. Normal price fluctuations are not price gouging, South Carolina Attorney General Alan Wilson said in a recent announcement. The terms of established price gouging protections vary from state to state.

Persons: Hurricane Helene, Josh Stein, Stein, there's, Helene, Tennessee —, Alan Wilson, Teresa Murray, Murray, Price Organizations: North Carolina, CNBC, Finance, Port, South Carolina, . Public Interest Research Locations: Hurricane, Asheville , North Carolina, States, Florida , Georgia, South Carolina, Tennessee

☆ Champions League Wednesday: Prince William watches Aston Villa, Real Madrid suffers shock defeat
▼ + stars: | 2024-10-03 | by ( George Ramsay | ) edition.cnn.com time to read: +8 min

Prince William watches Aston Villa stun Bayern MunichAston Villa fan Prince William was in the stands to celebrate his team’s memorable win against Bayern Munich. 15-time Champions League winner Real Madrid suffered its first defeat of the season with a 1-0 loss against Lille, an early setback in the team’s European title defense. Kylian Mbappé, hoping to win a first Champions League of his career, was left frustrated against Lille. With that, Salah stretched his run of scoring at home in the Champions League to five matches – the first player in the club’s history to do so. Salah celebrates Liverpool's second goal.

Persons: Mohamed Salah, Here’s, Prince William, Aston, Jhon, Villa, Pau Torres ’, Durán, Manuel Neuer, Mike Egerton, Emi Martínez, Serge Gnabry, Harry Kane, “, ”, Unai Emery, ‘, Eduardo Camavinga’s, Jonathan David, Andriy Lunin’s, Tiago Santos, Antonio Rüdiger’s, Lucas Chevalier, Jude Bellingham’s, Kylian Mbappé, Stephanie Lecocq, Arda Güler, Les Dogues, Carlo Ancelotti, Alexis Mac Allister, Dan Ndoye, Salah, Liverpool's, Paul Ellis, Arne, Michele Di Gregorio, Vlahović, Benjamin Šeško, Di Gregorio, Douglas Luiz, –, Šeško, Signora, Francisco Conceição, David Raum’s, Lisi Niesner, Germain Organizations: CNN, Aston Villa, Bayern Munich Aston Villa, Bayern Munich, Bayern, Press Association, Villa, Champions League, Dinamo Zagreb, Manchester City, Borussia Dortmund –, ’, Lille, Real Madrid, League, France’s, Sporting CP, Bologna, Reds, Italian, Milan, Liverpool, Getty, Champions League –, ” Juventus, Juventus, RB Leipzig, Juve, Reuters, Salzburg, Brest Stuttgart, Sparta Prague Arsenal, Paris Saint, Germain Barcelona, Young Boys Bayer Leverkusen, Milan Borussia Dortmund, Celtic Internazionale, zvezda, Red Star Belgrade, PSV, Sporting Clube de Portugal Slovan Bratislava, Manchester City Shakhtar Donetsk, Atalanta Girona, Feyenoord Benfica, Madrid Liverpool, Bologna RB Leipzig, Juventus Lille, Real Madrid SK Sturm Graz, Brugge Aston Villa, Bayern Munich Dinamo Zagreb, AS Monaco Locations: Europe, Manchester, Barcelona, underwhelm, France’s Ligue, Matchweek, Bologna, AFP, Paris

☆ Nike stock chart is showing signs of a bottom and a turnaround ahead
▼ + stars: | 2024-10-03 | by ( David Keller | ) www.cnbc.com time to read: +3 min

Before this week's downside price gap, it's worth noting that Nike was testing a major resistance level into last week. To add to this "confluence of resistance," we can also see the 200-day moving average looming large, currently sitting just above $91. The weekly chart can provide some additional context as to what the recent upswing means relative to the long-term trend for Nike. The long-term trend has been decidedly negative for NKE, with price remaining below the 150-week moving average since Q2 2022. Nike also sits below a downward-sloping 40-week moving average, which is essentially the same as the 200-day moving average on the daily chart.

Persons: downtrend, NKE, David Keller Organizations: Nike Inc, Nike, CMT, CNBC, NBC UNIVERSAL

☆ We moved my mom in to help us take care of our triplets. We couldn't afford childcare, but we also couldn't do it alone.
▼ + stars: | 2024-10-03 | by ( Jane Ridley | ) www.businessinsider.com time to read: +7 min

The couple couldn't afford the cheapest $2,400 cost of full-time, professional childcare each month. AdvertisementThis as-told-to essay is based on a conversation with Stephanie Ross, 39, a mom of three from Southern California. But we're in the privileged position of having my mom provide childcare. Ross, pictured soon after the birth of her triplets, doesn't know how she'd cope without her mom's childcare help. It took Mom about five months to sell her house and settle her affairs before leaving.

Persons: Stephanie Ross, Ross, —, Alice, Claire, Benjamin —, They're, Andrew, We'd, they'd, Monica, She'd, it's, Mom, I'm, we'd, It's, they'll, we've Organizations: Service, Business Locations: Southern California, California, Bay, Los Angeles, San Diego

☆ 'Fairly high probability' of another 50 bps rate cut, says Citi's Nathan Sheets
▼ + stars: | 2024-10-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Fairly high probability' of another 50 bps rate cut, says Citi's Nathan SheetsNathan Sheets, Citi global chief economist, joins 'Money Movers' to discuss what to watch for in the September jobs report, the outlook for the Fed, and more.

Persons: Nathan Sheets Nathan Sheets Organizations: Citi, Fed

☆ AI is overestimated near term but underestimated long term, says Jefferies' Brent Thill
▼ + stars: | 2024-10-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI is overestimated near term but underestimated long term, says Jefferies' Brent ThillBrent Thill, Jefferies analyst, joins CNBC's 'Squawk on the Street' to discuss his firm's views on AI, why it is betting on mega caps, and more.

Persons: Jefferies, Brent Thill Brent Thill Organizations: Jefferies

☆ What office meltdown? Developers see a shortage of high-end space and are rushing to build it.
▼ + stars: | 2024-10-03 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +12 min

Much of the office market may be mired in a downturn, but demand has been strong for high-end space. New office construction has dropped off sharply, leading to a potential upcoming shortage. That demand has persisted even as office construction has been stifled by higher interest rates and inflation, which have pushed up costs. Worries over the health of the office market have also made lenders reluctant to finance new development. 8 million square feet of that is pre-leased, meaning that there is only about 10 million square feet of upcoming available top quality space.

Persons: —, Hilary Goldfarb, Goldfarb, Crowell, there's, Scott Rechler, Rechler, Vanderbilt, Philippe Visser, CBRE, Visser, Larry Silverstein, Norman Foster, Silverstein, Randolph St, Ross, Stephen Ross, Jordan Rathlev, Rathlev, Jessica Morin, Morin, Banks, RXR, I'm, you'd Organizations: Service, Rockefeller Development, Fifth St, RXR, Skidmore, Owings, Merrill, TF Cornerstone, Grand Central, Citadel, Yards, Companies, Oxford Properties, Hudson, Hudson Yards, KKR, Meta, World Trade Center, American Express, Trade, Related's, Central Locations: Washington ,, Washington, DC, New York, San Francisco, midtown Manhattan, Manhattan, Wells Fargo, BlackRock, Lower Manhattan, Chicago, Fulton, West Palm Beach , Florida, CBRE

☆ The bar is high to get bearish from here, says Strategas' Jason Trennert
▼ + stars: | 2024-10-03 | by ( ) 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 bar is high to get bearish from here, says Strategas' Jason TrennertJason Trennert, Strategas Research Partners chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, state of the economy, his thoughts on the election, and more.

Persons: Strategas, Jason Trennert Jason Trennert Organizations: Strategas Research

☆ Starbucks' new CEO wants people to hang out in stores, but some workers say his plan has a big problem
▼ + stars: | 2024-10-03 | by ( Alex Bitter | ) www.businessinsider.com time to read: +7 min

Workers say they're struggling with mobile ordersEven former Starbucks CEO Howard Schultz said in a May LinkedIn post that current Starbucks leadership should "reinvent the mobile ordering and payment platform." "We believe a visit to Starbucks should be effortless and delightful, whether ordering through the Starbucks app or at our stores." Still, some workers — whom the company calls "partners" — have pointed to issues with the mobile ordering system in interviews with BI. Starbucks' rewards program is a big driver of all those digital orders, a partner at a Starbucks store in South Dakota told BI. "They deserve to have that moment where things are corrected and they're leaving happy, but we can't deliver on it always," the partner told BI.

Persons: Brian Niccol, —, Hottovy, Howard Schultz, Niccol Organizations: Starbucks, Business, Service, Workers, LinkedIn, BI Locations: North Carolina, South Dakota, Florida

☆ Hard Seltzers and Canned Cocktails Are Getting Boozier
▼ + stars: | 2024-10-03 | by ( Emily Stewart | ) www.businessinsider.com time to read: +10 min

Hard seltzers, spiked seltzers, and their ilk have been marketed as lighter than traditional alcoholic beverages. In the 2010s, the hard seltzers started to pop up, with names like White Claw and Truly, both of which launched in 2016. Advertisement"During the pandemic, hard seltzers really blew up, and I think hard seltzers are one of those ones that were perceived as a little bit of a better-for-you option," said Kaleigh Theriault, an associate director of beverage-alcohol thought leadership at NIQ, a market research firm. The market got saturated, and people started to realize there could be a lot more to canned alcohol than beer and hard seltzers. "So companies are having to innovate more and more, and that has led to some higher-ABV canned cocktails."

Persons: they've, aren't, seltzer, Kaleigh Theriault, that's, NIQ, Chris Budzik, Cayman Jack, there's, Kate Bernot, Bernot, you've, " Theriault, It's, Bud, —, Bud Light, Budzik, he'd, Will, Emily Stewart Organizations: Brands, Anheuser, Busch InBev, NIQ, AB InBev, Coca, Modelo, Business Locations: seltzers, Manhattan, NIQ, Pennsylvania, Michigan, Vermont, America

☆ JetBlue is axing hot meals for economy flyers as it looks to cut costs
▼ + stars: | 2024-10-03 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

JetBlue has eliminated hot meals for economy passengers on transatlantic flights. AdvertisementJetBlue has axed hot meals for economy passengers as it looks to save money. Therefore, the lack of hot meals could be necessary so that the reduced cabin crew can cope with the workload. Passengers in JetBlue's business class, Mint, still have the option of hot food — including pizza and roasted chicken. Despite expectations for a loss, JetBlue reported a profit of $25 million in the second quarter.

Persons: —, Insider's Thomas Pallini Organizations: JetBlue, Service, Business, Southwest Airlines, Spirit Airlines Locations: Dublin, Edinburgh

☆ PRO: Watch CNBC's full interview with OpenAI CFO Sarah Friar
▼ + stars: | 2024-10-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPRO: Watch CNBC's full interview with OpenAI CFO Sarah FriarSarah Friar, OpenAI CFO, joins 'Squawk on the Street' to discuss the company's latest funding round, the growth and forecast that justifies the valuation, and much more.

Persons: Sarah Friar Sarah Friar

☆ Tesla just stopped selling the cheapest version of the Model 3 in the US. An analyst called it 'a smart strategic move.'
▼ + stars: | 2024-10-03 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +4 min

Tesla just quietly removed its most affordable Model 3 from the US lineup on its website. Analyst Dan Ives called the shift strategic, as Tesla's focus in the US remains on the Model Y. AdvertisementTesla just silently killed its most affordable version of the Model 3 sedan in the US — a good move, one bullish analyst told Business Insider. Now, the cheapest Tesla car is the Model 3 Long Range Rear-Wheel Drive, priced at $42,490. Dan Ives, an analyst at Wedbush and a longtime Tesla bull, told Business Insider that the discontinuation is "a smart strategic move" signaling a greater focus on the Long Range Model 3.

Persons: Tesla, Dan Ives, —, Elon, Ives, Nio Organizations: Service, Reuters, EV, Vehicles, China Cold Tech, US, HSBC, country's, BI Locations: China, US

☆ AI turned a two-month task into hours, says JLL CMO Siddharth Taparia
▼ + stars: | 2024-10-03 | by ( Julia Hood | Will Wei | ) www.businessinsider.com time to read: +3 min

Siddharth Taparia: When it comes to marketing, I think one of the things that is top of mind for everybody is artificial intelligence. Siddharth Taparia, I'm the global chief marketing officer for JLL, which is a Fortune 200 commercial real estate company. So our AI journey really started when Chat GPT was first launched, I believe it was November of 2022. So we started talking and experimenting and playing with all the different tools that were becoming available in the marketplace. The whole process from start to finish would've taken anywhere from four to six weeks.

Persons: Siddharth Taparia, GPT, would've Organizations: Fortune

☆ Howard Schultz violated labor law by telling employee ‘if you’re not happy at Starbucks, you can go work for another company’
▼ + stars: | 2024-10-03 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

The decision underscores the fractious relationship Starbucks has had with organized labor as more and more workers at its stores unionize. In 2022, when Schultz was interim CEO, he attended a company event in Long Beach, California, to address and improve working conditions at Starbucks stores. According to the administrative law decision, he “had an angry expression on his face.” The NLRB decision upholds an administrative law judge’s decision in October 2023. In a statement, Starbucks said it disagrees with the board’s decision. Though Schultz stepped down in March 2023 after his third time serving as CEO, he remains tied to the company.

Persons: Starbucks ’ Howard Schultz, you’re, Schultz, “, ”, ’, McKinney, Starbucks, we’re, ” Michelle Eisen Organizations: New, New York CNN, Starbucks, National Labor Relations Board, Madison Hall, Workers United, NLRB, Wednesday, Starbucks Workers United, CNN Locations: New York, California, Long Beach , California, Buffalo , New York, Buffalo, Washington, Long

☆ Chiang Mai: About 100 rescued elephants escape flash floods at popular sanctuary in northern Thailand
▼ + stars: | 2024-10-03 | by ( Helen Regan | Kocha Olarn | ) edition.cnn.com time to read: +4 min

Dramatic video and images from the Elephant Nature Park near the city of Chiang Mai showed dozens of elephants wading through belly-deep water to find safety on higher ground. A view of the flooded elephant sanctuary in Chiang Mai, Thailand. Elephant Nature ParkThe Elephant Nature Park is an elephant rescue and rehabilitation center in the Chiang Mai countryside that has rescued more than 200 elephants from the tourism and logging industries since its inception in the 1990s. Rescue workers evacuate animals to higher ground at Elephant Nature Park after severe flooding caused the nearby river to overflow in Chiang Mai, Thailand. Elephant Nature ParkSeveral villages in Chiang Mai’s Mae Rim district have been inundated by water from upstream runoffs, local media reported Thursday.

Persons: Chiang Mai, Chailert, “, Saengduean, ”, Typhoon Yagi, ” Saengduean Organizations: Bangkok CNN, CNN, Facebook Locations: Bangkok, Thailand, Chiang Mai, Northern Thailand, Chaing Mai, Chiang, Mae Rim

☆ I've planned weddings on mountains and seen million-dollar gowns, but that's not what young couples are spending more on
▼ + stars: | 2024-10-03 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +6 min

Lelian Chew is the founder of The Atelier & Co, a Singapore-based luxury wedding planning company. She has handled luxury weddings with extravagant destinations and million-dollar gowns. AdvertisementThis as-told-to essay is based on a conversation with Lelian Chew, a luxury wedding planner in Asia. I launched my events planning business, The Atelier & Co, in 2013, planning luxury events and weddings for some of the biggest families in Asia. AdvertisementIn recent years, I've noticed a shift in Asian weddings whereby younger generations emphasize upholding traditions in their weddings.

Persons: Chew, —, Lelian Chew, they've, it's, I've, We've, It's Organizations: Service, Entertainment Locations: Singapore, Asia, Maldives, Yunnan, China, Como, France

☆ 40% of Americans plan to retire with $1 million or more—it might not be enough
▼ + stars: | 2024-10-03 | by ( Ryan Ermey | ) www.cnbc.com time to read: +1 min

A million dollars isn't the symbol of wealth that it used to be, but saving that much for retirement is still rare. In fact, among those currently saving for retirement, 57% say the amount they're hoping to save is less than $1 million. If you withdraw money from your portfolio too fast, you drastically decrease the chances that the money will last for your entire retirement. Divide that figure by 4%, and you'll arrive at the amount you'll need to retire with: $2.5 million. If you plan to retire with $1 million, by the same calculation you can expect to withdraw $40,000 in your first year.

Persons: you'll Organizations: CNBC, SurveyMonkey, Security

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