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Mortgage rates were forecast to go down in 2025. Expectations of higher inflation and more government debt under Trump have helped mortgage rates rise in recent weeks. Why mortgage rates rose ahead of the election — and are still high nowMortgage rates went down a lot in September, with 30-year rates dropping near 6%, according to Freddie Mac. How Trump's policies could lead to higher mortgage ratesZhao says that right now it's "nearly impossible" to predict where mortgage rates will go in 2025. More supply would help moderate home price growth, improving affordability even if mortgage rates remain high.

Persons: Donald Trump's, Trump's, —, Freddie Mac, they're, Chen Zhao, Melissa Cohn, Trump, Zhao, Kamala Harris, Cohn Organizations: Trump, Service, Bond, William, Mortgage, Analytics

☆ Why Elon Musk's push to cut federal waste might succeed where others failed
▼ + stars: | 2024-11-15 | by ( Jack Newsham | ) www.businessinsider.com time to read: +8 min

Elon Musk and Vivek Ramaswamy are promising to tame the federal government. Substantial changes to the federal budget would most likely require action from legislators, though Trump transition officials are reportedly looking for ways to short-circuit Congress' power over spending. AdvertisementPast presidents have tried to cut the federal budget with mixed successThe federal government isn't a business. AdvertisementClinton took another stab at cutting federal spending and improving government processes with his National Performance Review, which was led and staffed by federal employees instead of the private sector. AdvertisementSocial Security and Medicare are the two single biggest areas of federal spending, and changing them could be politically unpopular.

Persons: Elon Musk, Vivek Ramaswamy, they've, Trump, Reagan, Clinton, Ronald Reagan, Bill Clinton, David Walker, J, Peter Grace, Grace, didn't, Musk, Ramaswamy, Thomas Schatz, hasn't, Lex Fridman's, Veronique de Rugy, —, de Rugy Organizations: Government, Department of Government, Trump, Congress, Government Waste, Grace, Office, Citizens, Securities and Exchange Commission, Federal Aviation Administration, SpaceX, Social, Cato Institute, Social Security, GOP

It's also a more reasonably priced option, especially if you can find a good Casper coupon or promo code. Today's best Casper coupons and promo codesAs of writing, these are the best Casper coupons you can score on your next purchase. Be sure to apply your promo code to your purchase by clicking "Apply promo code" before completing your Casper checkout. CasperCan you stack Casper coupon codes? Casper coupon codes vary on whether they can be used in store.

Persons: It's, Casper, Casper Snow, that's, I've, Casper Casper, Casper's, you'll Organizations: Business, Black, Casper, Casper Black

☆ Editor-in-chief of America’s oldest magazine resigns after calling Trump voters fascists
▼ + stars: | 2024-11-15 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Laura Helmuth is resigning as editor-in-chief of Scientific American magazine following an expletive-filled rant about Donald Trump voters. Posting on Bluesky, an X rival, Helmuth said Thursday that she’s “decided to leave Scientific American after an exciting 4.5 years as editor in chief” without mentioning her previous comments. In a series of now-deleted posts on the same platform, she called Trump voters the “meanest, dumbest, most bigoted” group and “fascists” following the former president’s reelection last week. Helmuth had apologized in a separate post, calling them “offensive and inappropriate” and that they don’t “reflect the position” of Scientific American. “We wish her well for the future.”At 179-years-old, Scientific American says it’s the “oldest continuously published magazine” in the United States and has published pieces from more than 200 Nobel winners.

Persons: Laura Helmuth, Donald Trump, Helmuth, she’s “, ”, “, ” Helmuth, ” Kimberly Lau, Laura, ” Lau, Kamala Harris, Trump Organizations: New, New York CNN, Scientific, Trump, CNN Locations: New York, United States

☆ American fighter pilots explain how they fought an overwhelming Iranian drone swarm in total darkness
▼ + stars: | 2024-11-15 | by ( Natasha Bertrand | Haley Britzky | ) edition.cnn.com time to read: +8 min

“You feel the terrain rush, you feel yourself getting closer and closer to the ground,” Coffey told CNN. Obtained by CNNThe fighter pilots had not had much time before then to practice, said F-15 pilot Lt. Col. Timothy “Diesel” Causey. Air defense systems at an undisclosed US military base in the Middle East intercept Iranian drones and missiles. “Missiles and drones are flying over base, and they’re being intercepted over base, so the alarm red goes off,” Causey said. CNNMany of the F-15 pilots, air and ground crews who took part in the operation that night received awards this week for bravery.

Persons: Benjamin “, ” Coffey, Coffey, Lacie, ” Hester, Hester, ”, Timothy “ Diesel ”, ” Causey, hadn’t, ’ ” Coffey, “, Curtis “, ” Culver, Hester’s, Timothy “ Diesel ” Causey, Clayton “, ” Wicks, Wicks, Culver, Robin Olds Organizations: CNN, Israel, US Air Force’s, Air Force, Islamic Revolutionary Guard Corps, Air, Royal Air Force, Patriot, Missiles, ” Troops, Silver Star, Culver, “, MiG Locations: Iran, Iranian, Syria, Suffolk, England, Vietnam

☆ Norwegian F-35s called into action after Russian aircraft spotted off Norway and over Baltic Sea
▼ + stars: | 2024-11-15 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +2 min

AdvertisementNATO scrambled jets to respond to Russian aircraft "not adhering to international norms" this week. Italy's air force intercepted a Russian Coot-A aircraft over the Baltic Sea, NATO Air Command said. Norwegian F-35s identified multiple Russian aircraft off the coast of Norway, it added. Norwegian F-35s were called into action on Tuesday as NATO scrambled jets in response to Russian aircraft "not adhering to international norms," NATO's Air Command said in a post on X.Italy's air force intercepted a Russian Coot-A plane flying over the Baltic Sea, while the Norwegian F-35s identified multiple Russian aircraft off the coast of Norway, NATO Air Command said. In July, Russian fighter jets scrambled to intercept two US Air Force B-52H bombers approaching Russia's border, the Russian Ministry of Defense said at the time.

Persons: Henrik Omtvedt Jenssen, Jenssen, Lockheed Martin Organizations: NATO, NATO Air Command, Command, Norwegian Armed Forces, NRK, Russian, Royal Air Force, British Ministry of Defence, BBC, Typhoons, US Air Force, Russian Ministry of Defense, Lockheed, Kongsberg Defence, Aerospace Locations: Russian, Baltic, Norwegian, Norway, Russia, State, Kongsberg

☆ Trump may end the $7,500 EV tax credit. Elon Musk and Tesla would reap the rewards
▼ + stars: | 2024-11-15 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

Tesla, the world’s largest maker of EVs, is the only automaker making a profit on its US EV sales. So if the EV tax credit goes away, the price of all EVs might come down. ‘It will only help Tesla’Musk signaled during the campaign that he would support ending the EV tax credit, even if raised the cost of Tesla purchases for American buyers. But the rest of the auto industry wants to keep the tax credit in place. He said that Tesla’s pricing and scale in the EV space “is an apples to oranges when compared to the rest of the auto industry once the EV tax credit disappears.”

Persons: Trump, Elon Musk, Donald Trump’s, Tesla, “, ”, Donald Trump, Jim Watson, Joe Biden’s, Biden, Garrett Nelson, Nelson, Dan Ives Organizations: New, New York CNN, Tesla, EV, Motors, Ford, Alliance, Automotive Innovation, Global, Real, Republican, Reuters, Trump, CNN, CFRA Research, “, Wedbush Securities Locations: New York, Butler , Pennsylvania, AFP, “, Detroit

☆ Musk Adds Microsoft to OpenAI Lawsuit, Accusing Them of an AI Monopoly
▼ + stars: | 2024-11-15 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Elon Musk has added Microsoft as a defendant to an amended lawsuit against OpenAI. The suit, which also adds Reid Hoffman as defendant, accuses Microsoft and OpenAI of forming a monopoly. AdvertisementThe suit describes Microsoft's partnership with OpenAI as a "de facto merger" and said, "Microsoft is now OpenAI, and OpenAI, Microsoft." The amended lawsuit is the latest escalation between longtime rivals Musk and Sam Altman, the CEO of OpenAI. Microsoft, OpenAI, and Hoffman didn't immediately respond to requests for comment from Business Insider, made outside normal working hours.

Persons: Elon Musk, Reid Hoffman, OpenAI, —, Shivon Zilis, Zilis, Musk, Mustafa Suleyman, Sam Altman, cofounders Altman, Greg Brockman, SoftBank, Navneet Govil, Govil, BI's Hasan Chowdhury, Hoffman didn't, Hoffman Organizations: Microsoft, OpenAI, Service, Bloomberg, New York Times, OpenAI's San, Financial Times, Business Locations: Neuralink, Northern California, OpenAI's, OpenAI's San Francisco

☆ Next year is already looking rough for retail store closures
▼ + stars: | 2024-11-15 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

If this year's closures are any indication — and if the economy worsens — they won't be alone. 2025 is still more than a month away, but it's already shaping up to be another rocky year for retail. Analysts at UBS project the total number of US retail closures could reach 45,000 over the next five years. For one thing, even healthy retailers like Walmart and Target periodically review and trim their store fleets in the normal course of business. In any event, the year hasn't even begun, but nearly 1,500 retail closures are slated — already roughly half the amount BI has tracked for full-year totals in recent years.

Persons: —, Topping, Shane O'Kelly, Donald Trump's Organizations: Parts, Walgreens, UBS, Coresight Research, Walmart, Target, Blockbuster

☆ Amsterdam soccer riots: How a toxic mix of antisemitism, racism and xenophobia culminated in violence
▼ + stars: | 2024-11-15 | by ( Lauren Kent | ) edition.cnn.com time to read: +9 min

Last week, Israeli soccer fans were attacked in the streets, Palestinian flags ripped off walls and antisemitic slurs yelled during riots. But the timeline of how tensions ignited in Amsterdam is different depending on which community you ask. “It’s really so, so manipulative… It only makes everything worse,” Jaïr Stranders, a local theater director and a board member of the Liberal Jewish Community of Amsterdam told CNN. But in Amsterdam, many local Jewish officials as well as the mayor have urged against using that description. “They are Dutch youth,” he noted, adding that Amsterdam is a city of many nationalities and many values that can peacefully coexist.

Persons: Amsterdam CNN —, “ It’s, it’s, It’s, Sheher Khan, ” Khan, “, Itay Garmy, ” Garmy, Amsterdam Mayor Femke, they’re, David, Benjamin Netanyahu, Geert Wilders, Halsema, Mouneb, Khan, Wilders, Jaïr, Stranders, Netanyahu, ” Stranders, ”, Israel, Said Alawi, “ I’m, Abdelaziz Chandoudi, ” Chandoudi, Mohammed Rasool Organizations: Amsterdam CNN, CNN, Maccabi Tel Aviv soccer, Maccabi, Police, Amsterdam Mayor, Getty, Freedom Party, Union, Maccabi fans, Liberal Jewish, Amsterdam, Senior, Moroccan Locations: Amsterdam, Dutch, Gaza, Netherlands, Europe, Israel, Palestine, ”, Anadolu, Amsterdam’s, Morocco, Noord, Holland

☆ Spirit is struggling to survive. Bankruptcy will likely mean other airlines raise their prices.
▼ + stars: | 2024-11-15 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

Spirit Airlines is preparing to file for bankruptcy protection, The Wall Street Journal reported. AdvertisementFlying is likely to become more expensive for some passengers if Spirit Airlines falls into bankruptcy protection. The Journal reported in October that Spirit was weighing up bankruptcy. Frontier Airlines is based in Denver. "The domestic US air travel market does need some rationalization, and it is likely to start with Spirit Airlines," McNally said.

Persons: —, Guy, Raymond James, Savanthi Syth, David Neeleman, Denver . Don Mammoser, Peter McNally, McNally Organizations: Airlines, Street Journal, Frontier, Service, Spirit Airlines, Street, Frontier Airlines, The, American Airlines, JetBlue, Equity, Big Locations: Charlotte, Los Angeles, Denver .

☆ President Joe Biden has forgiven over $166 billion in student debt—see how much in each state
▼ + stars: | 2024-11-15 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

President Joe Biden made student debt relief a focus of his administration. The mass forgiveness he promised on the campaign trail was struck down by the Supreme Court, and some of his other debt relief initiatives, like the Saving on a Valuable Education plan and his negotiated rulemaking plan, are currently tied up in court. But his administration has still managed to clear $166.5 billion in student loans, according to Department of Education data. Borrowers had an average of $38,207 of debt forgiven. "From day one of my administration, I promised to fight to ensure higher education is a ticket to the middle class, not a barrier to opportunity," Biden said in an October statement.

Persons: Joe Biden, Biden Organizations: Supreme, of Education, Biden

☆ Russia imposes temporary restrictions on the export of enriched Uranium to the U.S.
▼ + stars: | 2024-11-15 | by ( Pippa Stevens | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRussia imposes temporary restrictions on the export of enriched Uranium to the U.S.CNBC's Pippa Stevens reports on news regarding the global Uranium market.

Persons: Pippa Stevens Organizations: Russia

☆ Disney is turning record parks profits — even before its big expansions
▼ + stars: | 2024-11-15 | by ( Sarah Whitten | ) www.cnbc.com time to read: +8 min

Gary Hershorn | Corbis News | Getty ImagesAll is well in the Magic Kingdom. Experiences, which includes parks, resorts, cruises and consumer products, was the second-highest revenue driver behind Disney's entertainment division, which tallied $41.18 billion in fiscal 2024. "It's small things adding up to big things," said David Lightbody, senior vice president of Disney Live Entertainment. Limited time holiday merchandise available at Disney parks. A stunning firework show is held at the Magic Kingdom Park in Walt Disney World Resort on July 1, 2021 in Lake Buena Vista, Florida.

Persons: Gary Hershorn, King Thanos, it'll, Gavin Doyle, Doyle, Mouse, Helene, Milton, David Lightbody, Lightbody, Lindsay Brookshier, Disney hasn't, Liao Pan Organizations: Magic, Walt Disney World, Corbis, Getty, Magic Kingdom, Disney, Big, Marvel, Epcot, Guardians, Falcon, Disney Live Entertainment, Walt Disney, Disneyland's, Pixar Fest, Medianews, Orange, China News Service Locations: Orlando , Florida, Magic, Florida, California, Hong Kong, Anaheim, Walt, Lake Buena Vista , Florida

☆ The top 10 family offices for startup investments
▼ + stars: | 2024-11-15 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

The top 10 family offices for startup investments made over 150 investments combined this year, in everything from biotech and energy to crypto and artificial intelligence, according to a new analysis. CNBC partnered with Fintrx, the private wealth intelligence platform, to analyze single family offices that made the largest number of investments in private startups in 2024. The most active family office so far this year is Maelstrom, the Hong Kong-based family office of American investor Arthur Hayes, who co-founded the crypto exchange BitMEX. For the sake of the list, family offices are defined as investment vehicles or holding companies of a single family or individual that don't manage money for outside investors. Nearly a third of startup capital in 2022 came from family offices, according to a PWC report.

Persons: Guillaume Houze, Pascal Le Segretain, Robert Frank, Bernard Arnault's, Laurene Powell Jobs, Peter Thiel's Thiel, Arthur Hayes, Guillaume Houzé, Motier, Andreesen Horowitz, Eric Schmidt, Magnus Carlsen, Fertility Organizations: Royal, Getty, CNBC, Fintrx, Ventures, Labs, Motier Ventures, Google, Flex, Mistral, Nvidia, Lightspeed, Atinum Investment, Emerson Collective . Thiel Capital Locations: Paris, France, Hong Kong, Lafayette, Seoul, Korea, Singapore

☆ Why Australian zoo is asking Sydney residents to catch deadly funnel-web spiders
▼ + stars: | 2024-11-15 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —If you saw an enormous, deadly funnel-web spider sitting on her egg sac, your first instinct might be to run away. Funnel-webs, whose most dangerous species lives in and around Sydney, are known for their deadly, fast-acting venom. The zoo is the sole supplier of funnel-web spider antivenom, which it produces by milking the spiders collected. “We want to encourage the spider with her egg sac into the jar in one movement, trying not to make her so angry that she destroys the egg sac,” Teni says in the video. Each egg sac contains about 150-200 spiderlings, making it a valuable source of antivenom.

Persons: Emma Teni, Teni, antivenom, ” Nicole Webber, Karen Wright, “, ” Organizations: CNN Locations: New South Wales, Sydney

☆ Germany’s Scholz calls Putin, ending Western isolation over Ukraine
▼ + stars: | 2024-11-15 | by ( ) edition.cnn.com time to read: +4 min

The conversation on Friday was the first time Scholz had spoken with Putin in two years. It comes as the German leader gears up for a snap election and Europe waits to hear US President-elect Donald Trump’s plan for ending the war in Ukraine. “He stressed Germany’s unbroken determination to back Ukraine in its defense against Russian aggression for as long as necessary,” the spokesperson added. Ukraine said however that phone conversations with Putin brought no added value on the path to achieving a “just peace” in Ukraine. But of course, (it is a) question about how Russia spins it.”Scholz to brief alliesThe Kremlin said Putin had told Scholz Russia was willing to look at energy deals if Germany was interested.

Persons: Volodymyr Zelensky, Vladimir Putin, Putin, ” Zelensky, Chancellor Olaf Scholz’s, Scholz, Donald Trump’s, Zelensky, “, ”, Trump, ” Scholz, Scholz Russia Organizations: Berlin Reuters, Kremlin, Reuters, Scholz’s Social, Ukraine, Kyiv, European Union, NATO, Ukrainian Locations: Ukraine, Kyiv, Russia, Berlin, Germany, Baltic, North Korea, Russia’s, Kursk, United States

☆ US returns looted antiquities worth $10 million to India
▼ + stars: | 2024-11-15 | by ( Karina Tsui | ) edition.cnn.com time to read: +2 min

CNN —The United States has returned more than 1,400 looted artifacts worth $10 million to India as part of an ongoing initiative to repatriate stolen art from countries across South and Southeast Asia, the Manhattan District Attorney’s office announced Wednesday. The trafficked goods recovered include items that, until recently, were on view at New York’s Metropolitan Museum of Art. The DA’s office obtained an arrest warrant for him in 2012though he remains in custody in India, pending his extradition to the US. Since its creation over a decade ago, the Manhattan District Attorney’s Antiquities Trafficking Unit –– a task force of lawyers, investigators and art experts –– has recovered 5,800 antiquities valued at almost $460 million. In July, the US and India signed an agreement to protect cultural property by preventing illegal trades and streamlining the process of returning stolen antiquities back to India.

Persons: Nancy Wiener, Subhash Kapoor, Alamy Kapoor, ” William Walker, – – Organizations: CNN, Manhattan District, New York’s Metropolitan Museum of Art, Manhattan, Attorney’s, Metropolitan Museum of Art, federal Homeland Security Locations: United States, India, South, Southeast Asia, New, London, American, New York, Rajasthan, Tamil, Germany, 2012though, York

☆ Elon Musk says OpenAI's compensation is 'lavish.' Here's how much employees get paid.
▼ + stars: | 2024-11-15 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Elon Musk is doubling down on his lawsuit against OpenAI, and he's taking issue with what they pay employees. AdvertisementSo just how much does OpenAI pay its employees? Since it's a private company, OpenAI isn't required to report compensation data in the way public companies must. Levels.fyi, which tracks compensation data at tech firms and startups, says total yearly compensation at OpenAI ranges from $144,275 for a technical writer to $1,338,750 for a software engineer. OpenAI's median yearly total compensation is $534,197, according to data reported on the tracker.

Persons: Elon Musk, Reid Hoffman, OpenAI, Musk, Sam Altman, Roger Lee, Hoffman, Greg Brockman Organizations: Microsoft, OpenAI, Elon, San Francisco Bay Area, Bloomberg Locations: OpenAI, Levels.fyi, San Francisco Bay

☆ Piper Sandler sees 50% upside for this renewable energy play cashing in on the AI data center power trend
▼ + stars: | 2024-11-15 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Bloom Energy may be due for massive gains on the heels of its recent supply agreement with American Electric Power , according to Piper Sandler. Analyst Kashy Harrison upgraded the stock to overweight from neutral and raised his price target by $10 to $20. BE YTD mountain BE, year-to-date On Thursday, Bloom Energy announced that it reached an agreement with AEP to power artificial intelligence data centers and supply up to 1 gigawatt of its products. The company also said that AEP has ordered 100 megawatts of fuel cells, with more orders expected next year. "Given the endorsement of BE's technology from a large utility, agreements with other large players could materialize."

Persons: Piper Sandler, Kashy Harrison, it's, Harrison, Aman Joshi Organizations: Bloom Energy, American Electric Power, BE, AEP

☆ TikTok's 'Winter Arc’ challenge helps you get ahead of your New Year goals. Here’s why it’s gone viral and 4 tips to get started
▼ + stars: | 2024-11-15 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +2 min

The latest obsession on TikTok is the "Winter Arc" challenge, which sees young people get ahead of their New Year's Resolutions. Winter Arc TikTok is flooded with videos of young men and women wearing dark-colored oversized hoodies and athleisure, working out in the gym, or going for early-morning runs. Carly says the Winter Arc is all about being "laser-focused" on your goals, so that you're transformed by the new year. He said it takes 66 days to form a habit, so the Winter Arc helps ease the process of transitioning into your New Year goals. Here are four expert tips to create healthy, realistic Winter Arc goals:

Persons: Carly, Michael Baah, Baah, Gary Lineker, Ezra Taylor, Tasha Ghouri, they'll, Malminder Gill Organizations: CNBC Locations: British, London

☆ Peter Thiel says Elon Musk's embrace of Donald Trump helped other Silicon Valley leaders feel safe supporting him
▼ + stars: | 2024-11-15 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Peter Thiel attributed recent Trump support in Silicon Valley, in part, to Elon Musk's efforts. Thiel told journalist Bari Weiss that Musk provided "cover" for other tech leaders to support Trump. AdvertisementBillionaire Peter Thiel credited Elon Musk, in part, with helping other tech leaders feel comfortable publicly supporting President-elect Donald Trump. Weiss asked Thiel if the Tesla CEO was "the critical ingredient" that allowed other business leaders to feel safe endorsing the divisive president. Thiel characterized the feeling inside Silicon Valley as one of growing frustration toward "corporate governance" and "how ridiculous it's gotten to manage these ideologically deranged millennial employees."

Persons: Peter Thiel, Trump, Elon, Thiel, Bari Weiss, Musk, —, Elon Musk, Donald Trump, Marc Andreessen, David Sacks, Shaun Maguire, Reid Hoffman, Ron Conway, Mark Cuban, Kamala Harris, Weiss, Tesla, Vivek Ramaswamy, It's Organizations: Service, PayPal, Trump, Department of Government, SpaceX Locations: Silicon Valley, Silicon, November's, California, Texas

Not really, but Balsam Hill makes the closest I've seen. It weighs 4 ounces and seemed to depress the Balsam Hill tree's branches more than other trees I tested, like the one from Puleo International. But it's the most realistic artificial tree I've seen. AdvertisementThe bottom lineFor an artificial tree, the Balsam Hill Fraser Fir manages to be convincingly real when lit. $899.99 from Balsam Hill Originally $1,299.99 Save 31%AdvertisementMore Balsam Hill trees to consider

Persons: Jenny McGrath, Fraser, It's, you've Organizations: Business, Black, Puleo Locations: Balsam Hills, Balsam, Fir

☆ Here are value investor David Einhorn's latest moves: Gold, Peloton and agriculture
▼ + stars: | 2024-11-15 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

David Einhorn's Greenlight Capital this week revealed a fresh stake in agriculture equipment maker CNH Industrial , and increased its bets on Peloton Interactive and gold in the third quarter. The hedge fund, which Einhorn founded in 1996, disclosed in its latest regulatory filing that it took a roughly $79 million stake in CNH during the latest quarter. Einhorn also increased his holding in Peloton by roughly 40%, bringing his stake in the company to about $45 million. That led him to buy medium-sized stakes in a few value companies and take a larger position in gold. Einhorn added 3.1% to his holding in SPDR Gold Trust in the most recent quarter, bringing it to $51 million.

Persons: David Einhorn's, Einhorn Organizations: Interactive, CNBC, CNBC's, Alpha, Robin Hood Investors Conference, Cornell, Trust, Capri Holdings, Penn Entertainment, HP, Roivant Sciences, Packaging, Tenet Healthcare Locations: CNH, Holland, New York City, Capri

☆ 2 maps show how Americans rely on income like Social Security more than they used to
▼ + stars: | 2024-11-15 | by ( Allie Kelly | Madison Hoff | ) www.businessinsider.com time to read: +4 min

Money from programs like Social Security accounted for 18% of total personal income in 2022. A growing share of income in most US counties is coming from social safety net programs like SNAP, Social Security, and Medicaid, per a report published in September by the research firm Economic Innovation Group. One in six people in 2022 were over the age of 65 — compared to one in 10 in 1970 — and just over half of the national transfer income flows from Medicare and Social Security. The report's findings come as Business Insider has spoken with many retirees — who are living solely on Social Security income because they don't have savings or retirement investments — who say they are struggling to afford basic necessities. "I don't want to be rich, I just need to be comfortable," a baby boomer living on $1,104 monthly in Social Security previously told BI.

Persons: That's, —, ALICE, EIG Organizations: Social, Service, —, SNAP, Social Security, Economic Innovation Group, Government, United Way's United, allisonkelly Locations: —, Louisiana

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