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☆ The Power-Building Workout
▼ + stars: | 2024-01-22 | by ( Amanda Loudin | ) www.nytimes.com time to read: +1 min

Over the past several years, experts have increasingly recognized the importance of building power — using muscles in explosive bursts — for healthy aging. Power helps you heave a bag of mulch into the trunk and allows your arms or legs to stop or catch yourself when you slip. While strength helps you sit down in a chair, power brings you out of it. (Take the sit-to-stand test in 30 seconds.) Quickly lift your hips up into a glute bridge position (power), then lower them slowly back down to the ground (strength).

Persons: Ali Hartman Locations: North Carolina

☆ Here's what I'm watching to see where the market goes next after the S&P 500 record close
▼ + stars: | 2024-01-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

We don't know what we want. The rails are too significant to ignore even as the bond market seems to rely, I would say, wrongly, on the broader data. I think it's a factor of big money flows that aren't sensitive to what moves rates and don't mind being wrong. 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: Tesla, ServiceNow, Bill McDermott, Russell, —, Abbott, Gamble, Jon Moeller, Heels, what's, hasn't, Steve Jobs, Ray, Kimberly, Clark, Jim Cramer's, Jim Cramer, Jim, Virginia Sherwood Organizations: Union Pacific, CSX, Norfolk Southern, Federal Reserve, Silicon Valley Bank, Microsoft, Nvidia tacking, Google, Apple, Nvidia, JPMorgan Healthcare Conference, Abbott Laboratories, Investing, JPMorgan, Novartis, Walgreens Boots Alliance, Procter, Super, YouTube, Netflix, Vision, Pro, Jim Cramer's Charitable, CNBC, NYSE Locations: U.S, Silicon, San Francisco, Amgen, China

WASHINGTON (AP) — New Speaker Mike Johnson finds himself leading House Republicans with a majority in name only. Approaching his first 100 days on the job, Johnson faces daunting choices ahead. “The House Republicans have the second-smallest majority in history," he said. Johnson and Trump talk often, but some of Trump’s strongest allies in the House are those conservatives pushing the speaker rightward and denying him a governing majority. “Speaker Johnson is in a 24-hour survival mode," said Sen. Chris Murphy of Connecticut, a key Democratic negotiator on the border package.

Persons: Mike Johnson, Johnson, Joe Biden, ” Johnson, We're, He's, Donald Trump, Johnson's, Kevin McCarthy of, ”, Bob Good, Biden, Volodymyr Zelenskyy's, Adam Smith, “, ’ ” Smith, Smith, ” Smith, ‘, McCarthy, Trump, Sen, Chris Murphy of, “ He's, Jim Jordan Organizations: WASHINGTON, —, Republicans, Democratic, White House, Trump, Virginia, Caucus, House Republicans, U.S, Democrat, House Armed Services Committee, Rep, Ukraine, White, Ohio Locations: Washington, Louisiana, Kevin McCarthy of California, U.S, Ukraine, Gaza, “, United States, Mexico, That’s, Chris Murphy of Connecticut

☆ Fat Joe on teaming up with Jelly Roll and Wyclef Jean to advocate for healthcare price transparency in Washington, DC
▼ + stars: | 2024-01-17 | by ( John Lynch | ) www.businessinsider.com time to read: +12 min

Around 500 Congress members and government officials attended to watch Joe perform with artists Jelly Roll and Wyclef Jean, according to the artist's rep. You know, I'm an open book. Jelly Roll, Fat Joe, and Wyclef Jean. Power to the Patients/Shareif ZiyadatWhat made Jelly Roll and Wyclef Jean the right folk to link with on this particular event? AdvertisementAnd this year, you know, I'm a huge fan of Jelly Roll.

Persons: Joe, Hakeem Jeffries, Frank Pallone, Sen, Mike Braun, Jelly Roll, Wyclef Jean, Power, Chuck D, Busta, Rick Ross, who's, Kevin Morra, He's, we've, Cynthia Fisher, Uber, I'm, Brown, I've, Wycelf Jean, Wyclef Jean . Power, Roll, they've, Wyclef, Donald Trump, it's Organizations: Power, Capitol, Democratic, Hamilton, Price, Joe, MTV, Healthcare, Republican, American Express Locations: Washington , DC, America, There's, Washington, Kentucky, French Montana, Haiti

☆ Hertz dumping 20,000 EVs is a warning to electric-car owners everywhere
▼ + stars: | 2024-01-12 | by ( Graham Rapier | Nora Naughton | ) www.businessinsider.com time to read: +4 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The car-rental firm said it's selling 20,000 EVs — about one-third of its electric fleet of Teslas, Volvos, Polestars, and more — partly due to repair and maintenance costs. AdvertisementIt's also a warning about the cost of EV ownership to drivers thinking about switching from gas to electric. Mitchell, which supplies data for insurance and repair companies, has found EVs — and particularly Teslas — are more expensive than gas-powered cars to repair. Among all EVs, Tesla's Model 3 has the best resale value, falling by only 42.9% in five years.

Persons: Hertz, —, Adam Jonas, Morgan Stanley, It's, Jonas, Mitchell, Kelley, Power, iSeeCars Organizations: EV, Service, Automotive, Energy Innovation, Insurance, quicken Locations: West Coast

☆ What Happens When There Is No Food: Experts Say Severe Malnutrition Could Set in Swiftly in Gaza
▼ + stars: | 2024-01-11 | by ( Stephanie Nolen | ) www.nytimes.com time to read: +1 min

Ms. Power referred to the work of the Integrated Food Security Phase Classification initiative, a group of U.N. agencies and relief agencies which tracks acute food shortages, and which said in March that “famine is imminent” in Gaza. Even before the war between Israel and Hamas, nearly 70 percent of Gazans were dependent on humanitarian assistance for food because the territory has been under Israeli and Egyptian blockade since 2007. Nevertheless, malnutrition was rare, Ms. Power said in congressional testimony; that has changed swiftly with the war. “In northern Gaza, the rate of malnutrition prior to Oct. 7 was almost zero, and it is now one in three kids,” she said. She added: “In terms of actual severe acute malnutrition for under-5s, that rate was 16 percent in January and became 30 percent in February.

Persons: Samantha Power, Power, ”, We’re Organizations: United States Agency for International Development, Integrated, Hamas Locations: Gaza, Israel

☆ Best Banks and Credit Unions for 2024
▼ + stars: | 2023-12-18 | by ( Martha C. White | ) www.wsj.com time to read: +13 min

While its checking interest rate is set much lower, you do earn interest on every dollar of your balance—its flagship checking account was also Buy Side’s top pick in the Best Checking Account category. CaveatsCapital One’s savings account APY beats most national banks and is competitive among online banks. The Ally Online Savings and Ally Spending accounts (the latter is the bank’s flagship checking account) were our top picks for digital banks in Buy Side’s Best Checking and Best Savings rankings. In Buy Side’s roundups, Alliant took the top spot among credit unions in our Best Checking and Best Savings rankings. How we pickedTo pick Buy Side from WSJ’s Best Banks, we evaluated dozens of banks and credit unions, looking for institutions that offered the best combination of high interest, low fees and flexible account options for savings, checking and CDs.

Persons: Martha C, you’ll, —, Ally, Ivy, Ivy doesn’t, Ivy Bank’s, Alliant, Foster, — Alliant, Banks Organizations: Wall, Best, Capital, American Express, Ally, Savings, Synchrony, Alto, Ivy Bank, Cambridge Savings Bank, Ivy, Bank5 Connect, CIT Bank, First, Alliant, Bank, Foster Care, Credit Union, Lake, Best Bank, Best Credit Union, National Credit Union Administration Locations: U.S, American, Massachusetts, California, Golden State, Lake Michigan

☆ Why experts say falling EV prices could actually hinder widespread adoption
▼ + stars: | 2023-12-08 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +1 min

Prices of used electric vehicles are down roughly 30% year over year, according to market research studies using data from September and October. The cheaper prices might bode well for buyers, but they raise concerns that low resale values could hurt EV adoption among mainstream consumers. The falling prices also add fuel to a debate over whether EV demand is faltering. "The mainstream appeal of these cars is still not there," said Karl Brauer, executive analyst for iSeeCars, a search engine for used cars. Edmunds, which provides a range of automotive data services, said in its Q3 2023 Used Vehicle Report that "the low resale values for used EVs could become a major deterrent to new EV purchases and EV adoption more broadly."

Persons: bode, Karl Brauer, They're, they've, Scott Case, Edmunds Organizations: iSeeCars

REUTERS/Jonathan Ernst//File Photo Acquire Licensing RightsLITTLETON, Colorado, Dec 5 (Reuters) - U.S. electricity generation from wind power is on course to surpass coal-fired electricity generation, potentially by 2026, as wind supply growth expands at a record pace just as coal-fired generation is cut across the country. U.S. wind power generation on track to surpass coal-fired generationBut with wind power generation rapidly rising in most regions while utilities steadily cut coal capacity, wind output is on track to eventually overtake coal output within the U.S. electricity generation mix, which will mark a significant milestone in U.S. energy transition efforts. In 2015 - before U.S. power producers accelerated renewable power development - coal-fired electricity generation was nearly 700% greater than electricity output from U.S. wind farms. PEAKS AND TROUGHSU.S. wind generation already briefly surpassed total coal-fired power output in April this year, when wind electricity generation totalled 42.85 terawatt hours compared to the 39.8 TWh generated by coal plants, according to Ember. That means that within the current decade U.S. wind power will be able to surpass coal-fired power in the electricity generation mix, and help accomplish a major U.S. energy transition target.

Persons: Jonathan Ernst, Gavin Maguire, Stephen Coates Organizations: REUTERS, Institute for Energy Economics, U.S, P Global, Reuters, Thomson Locations: Iowa, Latimer , Iowa, U.S, LITTLETON , Colorado, United States

Fabric by Gerber Life launched a new investment account for parents to invest on behalf of their kids. Gerber Life's partner brand, Fabric by Gerber Life, offers affordable term life insurance, free wills — and now a new investment account for your child. Fabric by Gerber Life has launched UGMA custodial accounts on their digital platform so you can invest for your child's future. How to open a UGMA account with Fabric by Gerber LifeOpening an account with Fabric by Gerber Life is simple and only takes about five minutes. Flexible spendingA UGMA account is a type of custodial account that permits parents/guardians to invest on behalf of a child/dependent.

Persons: —, Gerber, you'll, grantor, It's Organizations: Gerber Life, Service, Gerber, Fort Washington Investment Advisors, Social, Capital, IRS, Transportation Locations: There's

☆ Henry Kissinger, American diplomat and Nobel winner, dead at 100
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +10 min

Former U.S. Secretary of State Henry Kissinger speaks at the International Economic Forum of the Americas/Conference of Montreal in 2008. U.S. President Richard Nixon and National Security Adviser Henry Kissinger stand on Air Force One during their voyage to China February 20, 1972. U.S. President Gerald Ford meets with Secretary Kissinger at Camp David, U.S., July 5, 1975. In 1973, in addition to his role as national security adviser, Kissinger was named secretary of state - giving him unchallenged authority in foreign affairs. But Ford did replace him as national security adviser in an effort to hear more voices on foreign policy.

Persons: Henry Kissinger, Shaun Best, Kissinger, Richard Nixon, Xi Jinping, Nixon's, Gerald Ford, Duc Tho, Gerald R, Ford, Henry, Heinz Alfred Kissinger, Anglicizing, Lyndon Johnson's, Nixon, Nelson A . Rockefeller, Henry A, Roosevelt, Premier Zhou Enlai, Mao Zedong, China Winston Lord, Leonid Brezhnev, Brezhnev, Gromyko, Dobrynin, Salvador Allende, Jimmy Carter, Ronald Reagan, George W, Bush, Ann Fleischer, Nancy Maginnes, New York Governor Nelson Rockefeller, Abinaya, Sandra Maler Organizations: U.S, International Economic, Americas, Conference of, REUTERS, Kissinger Associates, New York City . U.S, National Security, Air Force, Richard Nixon Presidential, REUTERS Acquire, House, Republican, Paris Peace, Camp David, Ford Library, HARVARD, Nazi, Army, Harvard University, State Department, Office, White, Communist, Premier, Former U.S, Reuters, Ford, Soviet, CIA, Democrat, New York Governor, Thomson Locations: Conference of Montreal, Connecticut, New York City ., China, North Korea, Beijing, U.S, Israel, Paris, North Vietnam, America, North, Cambodia . U.S, Camp, Washington and New York, Voluble, Furth, Germany, United States, Europe, Vietnam, South Vietnam, Washington DC, Cambodia, Jerusalem, Damascus, Syria, Golan, Vladivostok, Soviet Union, Russian, Russia, Egypt, Sinai, India, Pakistan, Washington, New York, Bengaluru

☆ US new vehicle sales to rise in November on strong demand - report
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Carlos Barria/File Photo Acquire Licensing RightsNov 22 (Reuters) - New vehicle sales in the United States are expected to rise in November, a report from industry consultants showed on Wednesday, as demand for the latest models remains strong and inventories improve. U.S. new vehicle sales, including retail and non-retail transactions, are estimated to reach 1,236,000 units in November, a 10.2% jump from a year earlier, according to the joint forecast report by J.D. "Sales growth is being enabled by improving vehicle availability," said Thomas King, president of the data and analytics division at J.D. Inventory pile-up, however, led to a 1.9% year-on-year decline in transaction prices with an average price of new retail vehicles at $45,332. Power and GlobalData have also raised the annual forecast for global light-vehicle sales to 89.3 million units, up 10% from last year, on strength in China demand.

Persons: Carlos Barria, J.D ., Thomas King, J.D, Jeff Schuster, Ananta Agarwal, Shweta Agarwal Organizations: REUTERS, J.D, Thomson Locations: Port of Richmond, San Francisco , California, United States, ., China, Bengaluru

He lost in a run-off vote to Weah in 2017. "Boakai strikes me as a grandfather figure – someone you would trust with your life. Official results on Friday showed Boakai had 50.9% of the vote over Weah's 49.1%, with more than 99% of votes counted, prompting Weah's concession. In an interview shortly after the results, a softly-spoken Boakai told Reuters that his primary focus would be to bring the country together after a divisive election. Boakai, meanwhile, lives in a relatively modest bungalow that has barely changed since he moved in 50 years ago.

Persons: George Weah, Joseph Boakai, Amara Konneh, Ellen Johnson Sirleaf, Robtel Neajai, Boakai, Konneh, Unity Party Joseph Boakai, Carielle, Sirleaf's, Weah, Prince Jaygbah, Joe, Edward McAllister, Clelia Organizations: Liberia's, College of West, Reuters, African, Bank, Unity Party, Toyota, Thomson Locations: MONROVIA, DAKAR, College of West Africa, Tuesday's, Monrovia, Africa's, Americas, Liberia, Warsonga, Sierra Leone, Milan, London, Paris

☆ Israel-Hamas War Israel Indicates It Will Expand Its Offensive Into Southern Gaza
▼ + stars: | 2023-11-18 | by ( Ephrat Livni | Victoria Kim | ) www.nytimes.com time to read: +5 min

The letter affirms President Biden’s opposition to a cease-fire, challenging demands from hundreds of officials that Israel halt its military offensive in the Gaza Strip. Israel’s government and Mr. Biden have rejected such a step as incompatible with Israel’s goal of destroying Hamas. The newer letter was delivered to Mr. Biden on Tuesday with 115 names, but its organizers continued to collect signatures until Friday. The earlier letter of dissent was delivered to Mr. Biden with a signature count but without names, although the signatories are known to that letter’s organizers. She cited an Associated Press-NORC Center for Public Affairs Research poll conducted early this month that found that half of Democrats approved of Mr. Biden’s handling of the Israeli-Palestinian conflict.

Persons: Biden’s, Obama, Biden, Ron Klain, Lawrence H, Summers, Barack Obama, Colin H, Kahl, Joseph W, Westphal, Mr, Samantha Power, Power, Antony J, Blinken, Josh Paul, Soifer Organizations: Biden, Democratic, National Economic Council, Mr, U.S . Agency for International Development, United Nations, White House, State Department, Capitol, State Department’s Bureau, Political, Military Affairs, Jewish Democratic Council of America, Associated Press, NORC, for Public Affairs Research, Reuters Locations: Israel, Gaza, U.S, Saudi Arabia, United States

RIO DE JANEIRO (AP) — It’s still spring in Brazil, but a dangerous heat wave is sweeping across large swathes of the country, forcing Rio de Janeiro’s vendors off the streets due to health alerts and driving up energy demand amid reports of power outages. Most Brazilian states face “great danger” from the heat, according to the National Institute of Meteorology. Actual temperatures dropped slightly on Wednesday, but were forecast to rise again to 40 degrees Celsius (104 F) on Thursday. In Sao Paulo, temperatures reached 37.7 degrees Celsius (99.9 F), just short of a record, according to meteorology company MetSul. In Brazil, El Niño has historically caused droughts in the north and intense rainfall in the south, Ferreira said.

Persons: — It’s, Cariocas, Núbia Beray, “ Cariocas, ” Beray, Danielle Ferreira, ” Ferreira, El Niño, Ferreira, hydrologist Javier Tomasella, ” Tomasella Organizations: RIO DE, Rio de, National Institute of Meteorology, Mato Grosso, Federal University of Rio, National Institute for Space Research Locations: RIO DE JANEIRO, Brazil, Rio, Rio de Janeiro, Rio’s, Sao Paulo, Mato Grosso, Sul, Portuguese, Mato, Cyprus, Federal University of Rio de Janeiro, South America, Equatorial Pacific, Inmet, El, Rio Grande do Sul, Bahia

☆ New Toyota Camry will be hybrid-only
▼ + stars: | 2023-11-15 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

CNN —The Toyota Camry, the best-selling car in America, is going hybrid-only. The Camry is available in a hybrid version now, but the redesigned 2025 Camry will be offered only as a hybrid car combining a gasoline engine with electric motors. Making the Camry hybrid-only is a big step. The Toyota Crown Signia is a new hybrid-only SUV. Besides unveiling the new Camry Tuesday night, Toyota also revealed another new hybrid-only SUV model, the Crown Signia.

Persons: there’s, We’ve, ” Mike Tripp, Tyson Jominy, “ It’s, ”, “, Jominy, Tripp Organizations: CNN, Toyota Camry, Toyota, Camry, J.D, They’re, Corolla, Lexus Locations: America, Sienna, United States

☆ Top Wall Street analysts are confident in the long-term potential of these stocks
▼ + stars: | 2023-11-12 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Wall Street analysts can help investors identify stocks that have what it takes to thrive amid short-term headwinds — and that can offer attractive returns going forward. Here are five stocks favored by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. Apple's overall revenue declined for the fourth consecutive quarter due to notable declines in iPad and Mac sales. Zelnick raised his price target from $380 to $395 and reiterated a buy rating on MSFT stock. Following the Q3 2023 print, Zelnick maintained a buy rating on NOW stock and increased the price target to $650 from $625.

Persons: Aly Song, Wall, Baird, William Power, Power, TipRanks, Goldman Sachs, Eric Sheridan, Sheridan, Brad Zelnick, Zelnick Organizations: Apple, Reuters Companies, Wall Street, Apple Tech, Apple's Services, Services, North America, Web Services, AWS, TipRanks, Microsoft, Deutsche Bank, Fortune, Software, U.S Locations: Shanghai, China, ServiceNow

☆ The Tunnels of Gaza
▼ + stars: | 2023-11-10 | by ( Marco Hernandez | Josh Holder | ) www.nytimes.com time to read: +10 min

The Tunnels of Gaza How the subterranean maze below the Gaza Strip works. Gaza City Residential buildings Entrance in the basement About 65 ft underground Vent shaft Vent shaft Ammunition storage Tunnel network Gaza City Residential buildings Entrance in the basement About 65 ft underground Ammunition storage Tunnel network Gaza City Residential buildings Entrance in the basement About 65 ft underground Ammunition storage Tunnel network Gaza City Residential buildings Entrance in the basement About 65 ft underground Vent shaft Ammunition storage Tunnel networkThe Gaza Strip has all the harrowing pitfalls soldiers have learned to expect from urban warfare: high-rise ambushes, truncated lines of sight and, everywhere, vulnerable civilians with nowhere to hide. The Hamas militants who launched a bloody attack on Israel last month have built a maze of hidden tunnels some believe extend across most if not all of Gaza, the territory they control. The source material includes photographs taken inside the passageways by journalists, accounts from researchers who study the tunnels, and details of the network that emerged from Israeli forces when they invaded Gaza in 2014. Smuggling tunnels These tunnels have been documented in the Rafah area, where they are used to bring all types of goods and products into Gaza from Egypt.

Persons: Marco Hernandez, Benjamin Netanyahu, Wood, John W, Spencer, ”, Ahron Bregman, Bregman Organizations: Hamas, Livestock, U.S . Military, Institute, Modern Warfare, King's College London Locations: Gaza, Gaza City, Israel, Egypt, Rafah, Marco Hernandez Israeli

☆ How shipping more US natural gas to Europe helped fuel CO2 pollution
▼ + stars: | 2023-11-08 | by ( Tim Mclaughlin | ) www.reuters.com time to read: +6 min

The administration approved five U.S. LNG export licenses to serve the European market following Russia's invasion, having approved none beforehand. U.S. special climate envoy John Kerry told Reuters last year that greenhouse gas emissions were an inevitable "downside" to increasing LNG exports to European allies. CO2 emissions from the energy-intensive process of liquefying gas for export mark only one stage in the industry's overall climate impact. Critics argue that it is unclear whether the U.S. gas export boom to Europe is displacing coal or delaying a transition to renewables like solar and wind. NextDecade Corp has said its proposed terminal near Brownsville, Texas, could remove more than 90% of its expected 6.4 million tons per year of carbon emissions.

Persons: Arathy, Biden, John Kerry, Robert Fee, Critics, Alexandra Shaykevich, Sempra, Susan Richardson, Tim McLaughlin, Richard Valdmanis, Suzanne Goldenberg Organizations: Reuters, Cheniere Energy, United, U.S . Environmental Protection Agency, Federal Energy Regulatory, Biden White, LNG, The Energy Department, FERC, U.S, Energy Information Administration, Reuters Graphics, Washington, Venture Global, CCS, SEC, Talos Energy, NextDecade, Thomson Locations: Freeport, U.S, Freeport , Texas, United States, Russia, Ukraine, Europe, Texas, Cameron, Louisiana, Brownsville , Texas

Some developers are building homes like Paulson's with an eye toward making them more resilient to the extreme weather that's increasing with climate change, and friendlier to the environment at the same time. Solar panels, for example, installed so snugly that high winds can't get underneath them, mean clean power that can survive a storm. Recycled or advanced construction materials that reduce energy use as well as the need to make new material. Pearl Homes' Mirabella community in Bradenton, Florida, consists of 160 houses that are all LEED-certified platinum, the highest level of one of the most-used green building rating systems. “We’re building the same old stuff that got blown away.”Babcock Ranch is another sustainable, hurricane-resilient community in South Florida.

Persons: Hurricane Michael, Bonny Paulson's, ” Paulson, Steve Linton, “, Marshall Gobuty, ” Gobuty, Paulson, she's, ”, ” Babcock, Syd Kitson, Ian, Kitson, you’re, Nature, Natalia Padalino, Alan Klingler, ” Klingler, ” Padalino, Laura Bargfeld, Gerald Herbert Organizations: Hurricane, Florida Panhandle, Homes, Pearl Homes, University of Central, Babcock, Florida Keys, Associated Press, AP Locations: Mexico Beach , Florida, Bradenton , Florida, University of Central Florida, Florida, Mexico Beach, South Florida, U.S, New Orleans

☆ Why EV charging is still such a pain
▼ + stars: | 2023-11-04 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +8 min

Power show that, despite more and more EV chargers being available, EV owners are actually getting less satisfied with public charging. When it comes to consumer satisfaction, EV charging is in some very poor corporate company. Away from home, charging your EV costs more than charging at home, sometimes twice as much. A ChargePoint electric vehicle (EV) charging station at the Lafontaine Kia dealership in Detroit, Michigan, US, on Thursday, July 13, 2023. Justin Sullivan/Getty Images“Safety is paramount,” said Rick Wilmer, chief operating officer of EV charging provider ChargePoint.

Persons: it’s, “ They’re, ”, Brent Gruber, Gruber, Bing Guan, There’s, Lafontaine, Matthew Hatcher, Nathan Wang, Wang, Justin Sullivan, Rick Wilmer, Wilmer, What’s, it’s Shell, don’t, Mark Hawkinson Organizations: New, New York CNN, J.D, EV, Department of Energy, CCS, Volvo, Bloomberg, Getty, Lafontaine Kia, UL, Vehicles, Bolt, BP, Exxon Locations: New York, ., United States, California, States, Mississippi, Montana, Detroit , Michigan, Corte Madera , California

☆ Are you financially illiterate? Suze Orman says 'probably 95%' of Americans are
▼ + stars: | 2023-11-03 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

When asked by Wallace what percentage of Americans she thought were financially illiterate, she said, "Truthfully, probably 95%." So-called "traditional" accounts, including 401(k)s and individual retirement accounts, give you a tax break up front. Because you fund these accounts with money you've already paid taxes on, your contributions don't count against your taxable income. Contributions to these accounts are made with after-tax money, but investments in them grow free from federal or state tax. You can contribute to any state's plan — and each plan comes with different investing options — but you'll generally only receive tax benefits, if they're offered, by investing in your home state's plan.

Persons: Suze Orman doesn't, Suze, Orman, Chris Wallace, Max, Orman —, Wallace, here's, Roth, you've, Sheryl Garrett, Powers, they're Organizations: Garrett Planning Network, CNBC, Internal Revenue

☆ Chinese Tesla rival Nio cuts 10% of workforce as CEO predicts 'intense competition'
▼ + stars: | 2023-11-03 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Nio's ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Chinese electric carmaker Nio plans to cut 10% of its workforce amid "fierce competition," CEO William Li said Friday. This is a tough but necessary decision against the fierce competition." Like many Chinese electric vehicle startups, Nio has been hit by weak consumer sentiment in the world's second-largest economy, stiff competition and a price war kicked off by Elon Musk's Tesla. Nio first resisted any price declines, but ultimately carried one out in June.

Persons: Nio's ET5, William Li, Li, Nio, Elon Musk's Tesla, Xpeng Organizations: Central China International, CNBC, stoke Locations: Wuhan, China

☆ The Fed decision on interest rates won't offer much relief to Main Street businesses
▼ + stars: | 2023-11-01 | by ( Mallika Mitra | ) www.cnbc.com time to read: +5 min

The average monthly credit card expenditure of U.S. small businesses is up by an average of 20% compared to pre-pandemic levels, according to a recent report by Intuit QuickBooks. Around 1,660 small businesses have filed for bankruptcy in 2023 so far, which is higher than in all of 2022, according to the American Bankruptcy Institute. Access to capital for small businesses is at an economic cycle low. Getting a business credit card is much easier than getting a loan from a bank, Akcigit said. Power, who leads research on small business credit cards at the firm.

Persons: Jerome Powell, Ufuk, Intuit QuickBooks, Goldman Sachs, Akcigit, John Cabell, Cabell Organizations: Fed, Federal Reserve, Bureau of Labor Statistics JOLTS, Intuit QuickBooks, University of Chicago, Intuit, American Bankruptcy Institute, Goldman Locations: ., U.S

☆ 9 Moves to Help You Pay Off Credit Card Debt
▼ + stars: | 2023-10-31 | by ( Kerri Anne Renzulli | ) www.wsj.com time to read: +14 min

More than half of all Americans are currently aren’t managing to pay their credit card bills in full each month, J.D. Power found recently, helping explain why we now owe a record $1 trillion in credit card debt. Request an interest rate reductionCall each of your credit card issuers and ask for a lower APR, advises Todd Christensen, education manager with Debt Reduction Services, a nonprofit debt counseling agency. Work with a nonprofit credit counseling agencyIf you’re struggling to make the minimum credit card payment required each month or already behind, reach out to a nonprofit credit counseling service for assistance. These organizations, typically members of the Financial Counseling Association of America or the National Foundation for Credit Counseling, will review your finances and credit card debt to help you better manage your budget and repayments.

Persons: Kerri Anne Renzulli, Power, you’ve, You’ll, Experian, Beverly Harzog, ”, Todd Christensen, John Ulzheimer, you’ll, you’re, Bruce McClary, Says Organizations: Mint, Debt, Surveys, TK, nab, Consumer Financial, Financial, Association of America, National Foundation, Credit, Credit Counseling Locations: FICO

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