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☆ College in the US was too expensive, so these students opted for Europe
▼ + stars: | 2024-10-25 | by ( Erin Liam | ) www.businessinsider.com time to read: +11 min

As college tuition fees soar, more American students are going abroad. Beyond cheaper tuition, college abroad can offer multiple benefits, including exposure to new cultures. It sounded like a dream to her: a chance to live abroad and earn an affordable college degree. Now, out of the 350 high school students his company works with yearly, 10 to 20% apply to college abroad, he said. Related storiesThe benefits of college abroad go beyond costIn many US colleges, students declare a major after their freshman year.

Persons: —, Liza Jean Miezejeski, James Edge, he's, Greg Kaplan, Robert Harry, it's, Edge, Jacob Zeidberg, Lou Zeidberg, Harry, It's, Zeidberg, Jennifer Zeidberg, Scarlett Kiaras, Attari, Kaplan, There's, Mrozek, Amanda Mrozek Amanda Mrozek, Miezejeski, hasn't, I've Organizations: Institute of International Education, Service, Colleges, National Center for Education Statistics, U.S . News, Pepperdine University, Kent School, Europe College, Ireland, Toulouse Business School, University of Oxford, Oxford, Central Michigan University, Miezejeski, University of Connecticut Locations: Europe, Germany, Connecticut, Prague, Brussels, New York, America, Malibu, Netherlands, Japan, France, Kentucky, Scotland, undergrad, Edinburgh, Portugal, American, Canada, Italy, Boston

☆ Disney hits a roadblock with Daisy Ridley's 'Star Wars' movie — the latest project it's had trouble getting off the ground
▼ + stars: | 2024-10-25 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +4 min

Daisy Ridley is set to return as Rey in Disney's new untitled "Star Wars" sequel. It's the latest "Star Wars" movie that Disney has had trouble getting off the ground in recent years. AdvertisementDisney has hit a roadblock with its next "Star Wars" sequel, which will star Daisy Ridley, after writer Steven Knight left the project. AdvertisementThe same year, Marvel Studios chief Kevin Feige confirmed he was planning a "Star Wars" movie. The next confirmed "Star Wars" movie, "The Mandalorian & Grogu," is due to land in theaters in May 2026.

Persons: Daisy Ridley, Steven Knight, —, Sharmeen Obaid, Rey, Knight, Damon Lindelof, Justin Britt, Gibson, Obi, Wan, Rian Johnson, David Benioff, Weiss, Kevin Feige, Patty Jenkins, Jenkins, there's, Taika Waititi, Ridley Organizations: Rey, Disney, Service, Variety, Lucasfilm, IGN, Marvel Studios, Squadron, Forbes, Collider

☆ Big Tech goes nuclear: Amazon's pitch to use power plants shows the crucial role the energy source plays for AI
▼ + stars: | 2024-10-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, inside Amazon's internal pitch for turning to nuclear power to meet its growing energy needs . AdvertisementThat's led Big Tech to consider nuclear power to address its skyrocketing energy requirements. Nuclear power ticks that box better than other clean energy options like solar or wind. Nuclear power, meanwhile, is an industry in desperate need of some love , BI's Daniel Geiger and Ellen Thomas previously reported. From advertising platforms to AI tech companies, here's the startups to watch .

Persons: —, Jocko Willink, we've, Jenny Chang, Rodriguez, That's, Business Insider's Eugene Kim, Andy Jassy, it's, Sam Altman, Eugene, BI's Hasan Chowdhury, BI's Daniel Geiger, Ellen Thomas, Jim Burke, Vistra, Chelsea Jia Feng, Elon Musk, Jean Boivin, He's, Marc Benioff isn't, bashed, Miles Brundage, OpenAI, Emma Tucker's, Tucker, Mike Jeffries, SpaceX's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, Navy, Big Tech, Amazon, Microsoft, Google, Keystone, Hulton, Constellation Energy, Getty, EV, BlackRock Investment Institute, San Francisco, BI, AGI, Abercrombie, Fitch Locations: Fukushima, Pennsylvania, Arizona, New York, London

☆ Global institutional investors not back in Hong Kong yet: CIO
▼ + stars: | 2024-10-25 | 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 EmailGlobal institutional investors not back in Hong Kong yet: CIOQi Wang, Chief Investment Officer of UOB Kay Hian Wealth Management, says "big money" hasn't returned to Hong Kong yet, despite recent strength and new listings on the market.

Persons: Qi Wang, UOB Kay, hasn't Organizations: Global, UOB Kay Hian Wealth Management Locations: Hong Kong

☆ Why some CEOs are afraid of publicly criticizing Trump
▼ + stars: | 2024-10-24 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

It may be driven by fears of retribution from Trump and what a second term would bring. AdvertisementBoth Vice President Kamala Harris and former President Donald Trump have won support from America's business titans and CEOs. On Tuesday, the New York Times reported that both JPMorgan CEO Jamie Dimon and Microsoft founder Bill Gates support Harris, but won't say so publicly. On the flipside, it's also possible that there are pro-Trump CEOs who don't want to alienate liberal customers and employees. In an appearance on CNBC's "Squawk Box" on Wednesday, billionaire hedge fund manager Bill Ackman suggested that there's a well of silent Trump support among CEOs.

Persons: Jamie Dimon, Bill Gates, Kamala Harris —, Trump, —, Kamala Harris, Donald Trump, Harris, Gates, didn't, Dimon, he's, hasn't, John Deere, Jeffrey Sonnenfeld, They're, … Trump, Sonnenfeld, Joe Evangelisti, it's, Bill Ackman, Bill, Ackman, Mark Cuban, there's Organizations: Service, New York Times, Microsoft, Times, Yale School of Management, Leadership, Republican, JPMorgan, Trump Locations: Mexico, That's

☆ Millennials Big Money Mistake: Holding Cash Instead of Buying Stocks
▼ + stars: | 2024-10-24 | by ( Callie Cox | ) www.businessinsider.com time to read: +10 min

This, despite the fact that younger investors were more optimistic about the economy, their incomes, their living situations, and their investments. Millennial investors have been deeply scarred by two life-changing crises in their young lives. But if you look at hard numbers from the Federal Reserve about what millennial investors actually own, you can see that this stereotype is misguided. When you compare millennials' cash levels with Gen X's cash levels at the same age, though, the risk aversion becomes clear. But when it comes to younger investors, I think the scars run deeper than worries about a coming downturn.

Persons: Cash, it's, millennials, Gen Xers, boomers, There's, would've, you'd Organizations: Bank of, Federal Reserve, University of Michigan, Occupy, Dow, Netflix Locations: eToro, United States, YOLO

☆ Life after Intel: After rounds of layoffs and buyouts, some Intel insiders are abandoning the corporate grind altogether
▼ + stars: | 2024-10-24 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +8 min

Some longtime Intel employees are eligible for up to 19 months of severance. After years of layoffs, buyouts, and even one temporary pay cut, many employees have thought about what they might do after Intel. BI spoke to three former Intel employees who are using the company's hard times as an opportunity to upend their lives. Over his 24 years at Intel, Guha used his spare time to develop a wealth management strategy based on the philosophies of Warren Buffet. Lessons learned at IntelThough several departing Intel employees expressed some frustration with the current state of the company, they still believe it can be successful.

Persons: —, Shi Choong, she's, Choong, It's, Javier Apostol, Apostol, he's, Sumit Guha, Guha, Warren Buffet, He's, sabbaticals Organizations: Intel, Service, Business, IRS, AARP, Engineers Locations: Portland, Oregon, San Francisco Bay, Puerto Vallarta, Mexico, Arizona, Yuma County , California, formalwear

☆ A payments startup hoping to take on Stripe and Square just raised $75 million with this pitch deck
▼ + stars: | 2024-10-24 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

Finix is a startup that works with merchants so they can accept and manage payments. On Thursday, it raised a $75 million Series C that included Lightspeed Ventures and Acrew Capital. AdvertisementSome of the industry's biggest fintech investors just backed an up-and-coming payments startup challenging Stripe and Square. The San Francisco-based startup raised $75 million in a Series C funding round, the company announced Thursday. AdvertisementFinix processes billions of dollars every month for tens of thousands of merchants, Serna said.

Persons: —, Richie Serna, Finix, Serna, " Serna Organizations: Lightspeed Ventures, Acrew, Service, Acrew Capital, Lightspeed Venture Partners Locations: San Francisco, Finix's, Serna

☆ I knew nothing about boats before buying one on a whim. I've now spent 4 years living on it while traveling the world.
▼ + stars: | 2024-10-24 | by ( Stephen J. Payne | ) www.businessinsider.com time to read: +5 min

My mother had just died, and I'd decided living in the UK post-Brexit was not for me. Stephen J. PayneThree weeks after purchasing my magnificent vessel, the COVID-19 pandemic hit, and my travel plans were put on hold. Stephen J. PayneThen, I worked my way slowly around the Côte d'Azur. Stephen J. PayneEventually, I started working my way around the Amalfi Coast of Italy, stopping in Livorno, Fiumicino, Capri, and Tropea. Stephen J. PayneThroughout my trip, I've made money doing small jobs as a photographer, but I've mostly been spending my savings.

Persons: —, I'd, Brexit, I've, Stephen J, Payne, I'm Organizations: Service, Channel, YouTube Locations: France, Italy, Torquay, England, California, Ramsgate, Calais, Paris, Côte, Saint, Omer, Amalfi Coast, Livorno, Fiumicino, Capri, Malta, Los Angeles

☆ Liam Neeson says he's done dating, 15 years after the death of his wife Natasha Richardson
▼ + stars: | 2024-10-24 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +3 min

Neeson was married to Natasha Richardson until her death in 2009. In a new interview with People Magazine, published Wednesday, the 72-year-old "Love Actually" star was asked whether he's currently dating. Neeson, who stars in the upcoming movie "Absolution," was previously married to fellow actor Natasha Richardson. Scott Gries/Getty ImagesAfter Richardson's death, Neeson dated Freya St. Johnston, a PR executive based in the UK, for two years. But according to Neeson, he's simply starting to feel too old for these types of roles.

Persons: Liam Neeson, Neeson, Natasha Richardson, he's, —, Liam Neeson isn't, Daniel, Richardson, Tony, Scott Gries, Freya St, Johnston, Neeson hasn't, Pamela Anderson, Patricia Cornwell Organizations: Service, People Magazine Locations: Melbourne

☆ A contested election that leads to weeks of uncertainty is a risk being overlooked by markets
▼ + stars: | 2024-10-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Investors should beware of a contested US election, BlackRock's Jean Boivin told Bloomberg TV on Thursday. AdvertisementInvestors are dismissing the risk of a disputed US election, BlackRock Investment Institute head Jean Boivin told Bloomberg TV on Thursday. Recent battleground state polling shows a race too close to call with the election less than two weeks away. Other market strategists have echoed in recent weeks Boivin's concern over what an election dispute would mean for markets. Meanwhile, stocks rose during Trump's election dispute in 2020, likely due to signs that the COVID-19 pandemic was ending.

Persons: BlackRock's Jean Boivin, —, Jean Boivin, Boivin, Donald Trump, Kamala Harris, hasn't, Morgan Stanley, Brian Gardner, George W, Bush, Al Gore, Gardner Organizations: Bloomberg, Service, BlackRock Investment Institute, Trump, Republican Locations: Washington

☆ McDonald's supplier recalls onions and tells a burrito chain to stop using the ingredient
▼ + stars: | 2024-10-24 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

McDonald's supplier Taylor Farms recalled some yellow onions due to potential E. coli contamination. AdvertisementA major McDonald's supplier is reportedly recalling some of its yellow onions as the fast-food chain deals with a deadly E. coli outbreak. Taylor Farms did not immediately respond to a request for comment from Business Insider. The letter, which was obtained by the Colorado Sun, told customers with certain batches of Taylor Farms onions to destroy them. McDonald's did not respond to a question from BI during the call about whether other restaurants relied on the same supplier for onions.

Persons: McDonald's, —, Taylor Organizations: Taylor Farms, Colorado Sun, Service, Bloomberg, Business, Food, US Foods, for Disease Control, Prevention, CDC Locations: Colorado, Arizona, McDonald's

☆ Apple is reportedly pumping the brakes on Vision Pro production
▼ + stars: | 2024-10-23 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Apple is cutting Vision Pro production, possibly halting it by year-end, The Information reported. AdvertisementApple is reportedly reducing Vision Pro production, but that doesn't mean it's out of the headset game. Especially if the reports of Apple working on a lower-cost version of the Vision Pro are true. Related stories"This is all heading toward a lower-cost Vision Pro with more features that can scale," Ives said. The Vision Pro was released in February, and few, if any, apps have taken off in popularity.

Persons: William Kerwin, Apple, —, Apple hasn't, Apple didn't, Jacob Bourne, EMARKETER, Tim Cook, it's, Cook, Tim Cook's, Dan Ives, Ives, Kerwin, Ming, Chi Kuo, Apple's, Bourne Organizations: Service, Apple, Business, Wall Street Journal, Vision, Morningstar . Tech, Wedbush Securities, Bloomberg Locations: Luxshare

☆ McDonald's explains why it doesn't think its E. coli outbreak will be like Chipotle's in 2015
▼ + stars: | 2024-10-23 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

McDonald's shared more insights Wednesday into its investigation into a deadly E. coli outbreak. McDonald's said early indicators suggest slivered onions as a likely potential containment, but it couldn't rule out fresh beef. Two ingredients — the slivered onions and fresh beef patties — are being examined as potential sources of contamination. The Chipotle cases involved the handling and preparation of food in restaurants, McDonald's executives said. McDonald's said the slivered onions sold at affected restaurants come from a single supplier and are served raw on the sandwich.

Persons: McDonald's, Chipotle, —, they're, Joe Erlinger, coli, Dominick Organizations: Executives, Service, CDC, NBC, McDonald's, FDA, Business Locations: McDonald's USA

☆ Mark Cuban says the election is now a battle between Kamala Harris and Elon Musk, not Donald Trump
▼ + stars: | 2024-10-22 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Mark Cuban on CNBC said the presidential campaign is now a fight between Kamala Harris and Elon Musk. Cuban said the outcome of the election hinges on voter turnout, which Musk has made a priority. AdvertisementBillionaire businessman Mark Cuban on Monday said the presidential campaign has become a battle between Vice President Kamala Harris and Tesla CEO Elon Musk rather than Donald Trump. "And the crazy thing is, it's the Harris campaign versus Elon — not even versus Trump." AdvertisementThe Harris campaign and representatives for Musk did not immediately respond to requests for comment from Business Insider.

Persons: Mark Cuban, Kamala Harris, Elon Musk, Musk, —, Donald Trump, Harris, Elon —, Elon, Brian Hughes, David Sacks, Trump, Matthew Alvarez, Tucker, Musk hasn't Organizations: CNBC, Service, Trump, Elon, Musk's America PAC, Business, Cuban, Rutan Locations: Cuban

☆ What activist hedge fund Starboard wants from Pfizer
▼ + stars: | 2024-10-22 | by ( Alex Nicoll | Kaja Whitehouse | ) www.businessinsider.com time to read: +3 min

Activist hedge fund Starboard has taken a stake in drug giant Pfizer. AdvertisementActivist hedge fund manager Jeff Smith outlined his concerns about drugmaker Pfizer on Tuesday but stopped short of offering a solution — saying that's a job for the board of directors. He also shared a version of the presentation his hedge fund Starboard presented to Pfizer officials at a meeting last week. "We all get measured by our track record," Smith told the crowd. The track record is not great during this period of time in the pharma industry."

Persons: execs, —, Jeff Smith, Smith, Pfizer, It's, I'm Organizations: Pfizer, Service, 13D, pharma Locations: Manhattan, Central, Olive Garden

☆ Tom Holland has reportedly been cast in Christopher Nolan's next movie. Fans hope it will help him launch a career outside Marvel.
▼ + stars: | 2024-10-22 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Tom Holland will star in Christopher Nolan's next movie, The Hollywood Reporter reported on Monday. They hope starring in one of Nolan's films could boost Holland's career. AdvertisementTom Holland has reportedly been cast in Christopher Nolan's next movie, which fans hope will help him launch a career outside the Marvel Cinematic Universe. — ViewerAnon (@ViewerAnon) October 21, 2024Y’all can’t say anything about Tom Holland’s career now. He’s going to star in a Christopher Nolan movie, lead future Avengers movies including his own as Spider-Man.

Persons: Tom Holland, Christopher Nolan's, hasn't, —, Matt Damon, Nolan's, Nolan, Christopher Nolan, — Eric Goldman, — Andrew J, Salazar, Tom Holland's, he's, Tom Holland’s, Oppenheimer, Cillian Murphy, Robert Downey Jr, Emily Blunt, Ledger, Oscar, Anne Hathaway, Hathaway Organizations: Hollywood, Hollands, Service, Marvel, America, Hollywood Reporter, Universal, Business Locations: Holland

☆ The election is still incredibly close with 2 weeks to go, with warning signs for both Trump and Harris in the Sun Belt
▼ + stars: | 2024-10-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +8 min

Harris and Trump are aiming to win in the Sun Belt, but there are challenges for both candidates. AdvertisementWarning signs in the Sun BeltTrump is looking to flip Arizona and Georgia, states that he won in 2016 but lost to now-President Joe Biden in 2020. In the poll, Harris is earning the support from roughly 74% of Black voters, a robust figure. But it's well below the 88% support that Biden received from Black voters in Georgia four years ago. And the poll also showed that nearly 18% of Black voters remained undecided, in a state where Black voters could make up roughly 30% of the electorate or more.

Persons: Harris, Trump, —, Kamala Harris, Donald Trump, Dan Kanninen, Liz Cheney, Melina Mara, Harris isn't, It's, Cheney, Joe Biden, George W, Bush, Brandon Bell, Biden, Nikki Haley, Mitt Romney, Trump's, it's Organizations: Washington, Schar, Service, Republicans, Democratic, Trump, NBC, Getty, Sun, Republican, Nevada, GOP, Biden, South Carolina Gov, Black Locations: Arizona, Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, North Carolina, Pennsylvania, Nevada, Michigan , Pennsylvania, Phoenix, Atlanta

☆ Cuba fights to come back from a nationwide blackout, then a storm that killed six
▼ + stars: | 2024-10-22 | by ( ) www.cnbc.com time to read: +3 min

"The country has completely halted," said homemaker Mayde Quiñones, 55, who cares for her mother-in-law, who is in her 80s. The prolonged nationwide blackout that followed a massive outage Thursday night was part of countrywide energy problems that led to the largest protests in Cuba in almost 30 years, in July 2021. The Cuban government on state television Monday night said that it's producing 1300 megawatts when peak demand can hit 3 gigawatts. He said that Oscar would bring "an additional inconvenience" to Cuba's recovery since it would affect key Cuban power plants, such as Felton in the city of Holguín, and Renté in Santiago de Cuba. The blackout was considered to be Cuba's worst since Hurricane Ian hit the island as a Category 3 storm in 2022 and damaged power installations.

Persons: Hurricane Oscar, Miguel Díaz, Canel, Mayde Quiñones, Karine Jean, Pierre, it's, Juan Estrada, hasn't, Vicente de la O Levy, Oscar, Felton, Antonio Guiteras, Ian, haven't Organizations: Hurricane, Cuban, Authorities, Energy Locations: Cuba, San Antonio, Sur, U.S, Europe, United States, Havana, Holguín, Santiago de Cuba

☆ With Tyler's kids controversy, the biggest 'Love Is Blind' drama is happening off-screen again. That's still a win for Netflix.
▼ + stars: | 2024-10-22 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +11 min

Social media has been flooded with chatter about Tyler's relationship with his kids on "Love Is Blind." Neither Bri Thomas nor Lovetta Thomas responded to a request for comment from BI. AdvertisementTyler has encouraged viewers to 'be patient' and wait for his responseTyler and Ashley in "Love Is Blind" season seven, episode six. As for Tyler's "Love Is Blind" fiancée Ashley, she hasn't officially commented either. NetflixThis isn't the first time the biggest drama on "Love Is Blind" has happened offscreen and been revealed via social media.

Persons: Tyler, it's, —, Ashley, ove, lind, eason, l, liv, tim e, nd his, gations but, lon Organizations: Netflix, Service, sil, wer Locations: bor

☆ 'Swicy' items take over restaurant menus as Gen Z seeks heat
▼ + stars: | 2024-10-22 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

Nearly 10% of restaurant menus have "sweet and spicy" items, up 1.8% over the last 12 months, according to market research firm Datassential. Common menu items have paired fruity flavors and chili powder, or used sauces like hot honey and gochujang, a red chili paste that's a popular Korean condiment. Courtesy: StarbucksAlthough the menu items were largely only available for a limited time, culinary experts think that the swicy trend has staying power. Buzzy, trendy menu items are more important now to restaurants, which are leaning on both discounts and innovation to attract diners and reverse declining sales. Limited-time menu items are particularly attractive to Gen Z customers, a key demographic because they account for roughly a fifth of Americans.

Persons: Randy Shropshire, trendologist Kara Nielsen, Nielsen, Jeffrey Saad, Hadar Cohen Aviram, McCormick, Cohen Aviram, Gen Zwicy Organizations: Coca, Getty, Food Institute, Box Intelligence, Sweet, Food Network, Istock, Nielsen, McCormick Locations: Chico, Thermal , California, U.S, San Francisco, Korean, Cholula

☆ Street note lifts cybersecurity stocks, supports our call to own two names in sector
▼ + stars: | 2024-10-21 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

The analyst raised its price target on Palo Alto Networks to $446 (a new Street high) from $421, Check Point Software to $183 from $170, and Fortinet to $105 from $69 while naming it a top pick. There was no action on recent portfolio addition CrowdStrike because the note's focus was on network security. The Morgan Stanley note reinforces our decision to own both Palo Alto Networks and CrowdStrike. With Palo Alto Networks, it's a couple of quarters away from the beginning of a product refresh cycle. Arora Nikesh, Palo Alto Networks CEO & Chairman at the WEF in Davos, Switzerland on May 23rd, 2022.

Persons: Jim Cramer, Bonds, Morgan, CrowdStrike, Morgan Stanley's, Morgan Stanley, Lockheed Martin, Jim Cramer's, Jim, Arora Nikesh, Adam Galica Organizations: CNBC, Federal Reserve, Palo Alto Networks, Alto, Security, Logitech, Zions Bancorp, GE Aerospace, Verizon, GM, Jim Cramer's Charitable Locations: Treasuries, Palo, Davos, Switzerland

☆ Sam's Club CEO wants you to feel like you're shopping in the future
▼ + stars: | 2024-10-21 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +8 min

Sam's Club CEO Chris Nicholas tells BI he wants shoppers to have all three. The Grapevine Sam's Club is literally bristling with tech, not just in the form of the hulking blue AI-powered gateways. Sam's Club has also been a test-bed for retail concepts that eventually find their way into Walmart's 4,600 US stores and beyond. He, too, previously served as Sam's Club CEO. "My hope is that Sam's Club, when you shop, feels like what it's like to shop in the future.

Persons: Chris Nicholas, Nicholas, —, Dominick Reuter, it's, Sol Price —, Sam Walton, Sam's, John Furner, Doug McMillon strolled, jogger sweatpants Organizations: Sam's, Service, Costco, Walmart, Shoppers, innovating, Grapevine Sam's, Business, Sam's Club Locations: Texas, Grapevine , Texas, Grapevine, Dallas, Walmart's

☆ Why abortion access is a personal finance issue, says demographer who studies the effects of unwanted pregnancy
▼ + stars: | 2024-10-21 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

CNBC spoke to Foster about the economics of abortion access and the financial impacts of the end of Roe v. Wade. Diana Greene Foster: One good thing about The Turnaway Study is that our demographics closely resemble national demographics on who gets abortions. [They're also] more likely to have evictions, have a larger amount of debt if they're denied an abortion. The number of public records, such as bankruptcies, evictions and court judgements, significantly increased for those denied abortions, by 81%. So, it isn't the case that everyone who wants an abortion is now carrying a pregnancy to term.

Persons: Gina Ferazzi, Foster, Roe, Wade, Greg Iacurci, Diana Greene Foster, It's, That's, hasn't, couldn't, They're, they're, I'm Organizations: Los Angeles Times, Getty, Pew Research Center, CNBC Locations: Arizona, Phoenix , Arizona, U.S

☆ Big banks are bracing for losses as Americans struggle to pay off debt
▼ + stars: | 2024-10-21 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

American consumers and businesses are having a hard time paying off credit card, auto, and commercial real estate debt. Bank CEOs said on recent earnings calls that elevated prices and interest rates continue to weigh on Americans. According to Federal Reserve data, the past-due debt share for credit card, auto, and commercial real estate has recently risen to above pre-pandemic levels. That's because some loans are coming due — forcing businesses to refinance at much higher interest rates. The financial roller coaster of pandemic payments, whipsawing inflation, and high interest rates are especially affecting lower-income Americans.

Persons: —, Wells Fargo's, haven't, Bruce McClary, David Schiff, Schiff, Edmunds, Stephen Biggar, Biggar, Jane Fraser, Brian Moynihan, Charles Scharf, Wells, Jeremy Barnum, There's, I'm Organizations: Bank, Service, Federal Reserve, Business, Bank of America, JPMorgan, Citigroup, Bank of, New, Fed, National Foundation, Credit, Argus Research, Bank of America's Locations: Wells Fargo, delinquencies

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