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☆ Bitcoin rising after Donald Trump's keynote to Nashville industry conference
▼ + stars: | 2024-07-29 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin rising after Donald Trump's keynote to Nashville industry conferenceCNBC's MacKenzie Sigalos reports on the former president's promises on bitcoin and the push by Democrats to lay out a clear agenda on crypto as the fintech voting bloc because a bigger part of the conversation in the 2024 presidential race.

Persons: Donald Trump's, CNBC's MacKenzie Sigalos Locations: bitcoin

☆ De la religión al bitcóin: 24 horas en la camaleónica campaña de Trump
▼ + stars: | 2024-07-29 | by ( Shawn Mccreesh | ) www.nytimes.com time to read: 1 min

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Romona Smith, 20, Nashville, Tennessee Undergraduate subsidizing her college costs with shifts at Kroger and McDonald’s. “Me working wasn’t enough,” said Smith, who described the latter experience as strengthening her resolve. Living situation: Spending the summer rent-free with her college roommate and family in their five-bedroom home in Corona. Romona Smith, 20, NashvilleSmith is pursuing a double major in social work and psychology, along with a certification as a registered behavior technician to work with people with ADHD or autism. With her out-of-pocket tuition set to hit nearly $5,000 this fall, Smith wants to avoid another financial Hail Mary.

Persons: Romona Smith, Trump, ”, Smith, “, “ I’m, it’s, she’ll, —, who’s, I’m, Nashville Smith, She’s, she’s, Kamala Harris, Z, ” Smith, Mary, “ I’ve, haven’t, don’t Organizations: NBC, Kroger, McDonald’s, Tennessee State University, Pell, Seattle native’s, Democratic, Bank of America, American Locations: Nashville , Tennessee, Nashville, Corona , California, Corona ., Tennessee, “

☆ China just expanded its efforts to boost consumption. Here are some stocks to watch
▼ + stars: | 2024-07-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

China has, in its own way, signaled it wants to support specific kinds of consumer purchases. Authorities on Thursday announced the equivalent of 300 billion yuan ($41.5 billion) in special bonds would go towards trade-ins and equipment upgrades — a significant expansion of an existing program. The 300 billion yuan ultra-long bond issuance is not a new government allocation, but rather a more detailed designation of a 1 trillion yuan ultra-long bond program announced earlier this year. "300 billion yuan is the largest equipment upgrade subsidy from the central government historically," the analysts said. Even the 300 billion yuan figure is split roughly between consumer-related trade-ins with business-side equipment upgrades.

Persons: Ding, Morgan Stanley, Tao Wang, Darius Tang, Corporates, Fitch Bohua, Michael Bloom Organizations: China Asset Management Co, UBS Investment Bank Locations: China, Beijing, Asia

☆ This biographer exchanged emails with Bernie Madoff from prison for a decade. Here’s what he learned
▼ + stars: | 2024-07-28 | by ( Annie Nova | ) www.cnbc.com time to read: +10 min

Richard Behar Courtesy: Lizzie CohenYou probably haven't heard Bernie Madoff's name in awhile, but that doesn't mean the infamous fraudster's story is over, or the pain he inflicted. Irving Picard, an 83-old court-appointed trustee, still spends his days trying to claw back money from the those who benefitted from Madoff's Ponzi scheme, and to reduce the staggering losses of others. 'Prison was a great relief for him'AN: How did Madoff say life in prison changed him? In prison, he'd typically wake up in his cell at around 4 a.m., make coffee in bed with an instant hot water machine, then read, or listen to NPR until breakfast. RB: Bernie said he was under constant stress over the Ponzi, and would talk out loud to himself sometimes in the office, because of the pressure.

Persons: Richard Behar, Lizzie Cohen, Bernie Madoff's, Irving Picard, Madoff, Elie Wiesel, Ruth, he's, Behar, Richard Behar's, Mark, MADOFF, BERNARD L, he'd, Annie Nova, I've, I'm, scammers, —, Bernard Madoff, Stephen Chernin, I'd, Bernie, Chris Hondros, wasn't, Picard, John Moscow, Irving, Picard isn't, It's Organizations: CNBC, Behar's, Forbes, Manhattan Federal, Getty, NPR, SEC, Manhattan Locations: North Carolina, New York City

☆ From Believers to Bitcoin: 24 Hours in Trump’s Code-Switching Campaign
▼ + stars: | 2024-07-28 | by ( Shawn Mccreesh | ) www.nytimes.com time to read: 1 min

In a matter of just 24 hours this weekend, Donald J. Trump traversed two very different worlds, neither one of them his own. The next afternoon, he was in Nashville, yukking it up with thousands of crypto-evangelists at a Bitcoin conference. The two groups could hardly be less alike, and Mr. Trump — neither a pious man, nor technologically savvy one — made for an unlikely champion at each. And yet, taken together, the two appearances provided a case study in how he code switches — from Christianity to crypto — as he campaigns. And his attempts to win over a crowd that is not inherently his own can be acutely awkward.

Persons: Donald J, Trump Locations: West Palm Beach, Fla, Nashville

"For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your bitcoin," Trump said at this year's Bitcoin Conference in Nashville. Kennedy went further than Trump, promising to establish a 4 million bitcoin strategic reserve to match the country's current stake in gold, some of which is held near the military base at Fort Knox. But Trump's reservation speaks to the complications of promising a bitcoin strategic reserve on par with the gold standard. An executive order would not be enough to bring a U.S. bitcoin reserve into existence. That existing bitcoin stockpile could act as the foundation for the bitcoin strategic reserve, which the U.S. government would build on by regularly buying a certain number of bitcoin.

Persons: Donald Trump, Marco Bello, Trump, Trump's, didn't, Tyler, Cameron Winklevoss, Kid Rock, Cynthia Lummis, Bill Hagerty, Marsha Blackburn, Robert F, Kennedy Jr, Kennedy, bitcoin, Sen, Lummis, Per Sen, Joe Biden, Kamala Harris, Fred Thiel Organizations: Reuters NASHVILLE —, Republican, U.S . Marshals Service, Trump, U.S . Treasury, Bitcoin Conference, Saturday, Wyoming, U.S, Treasury Department, House, Independents, Democratic, U.S . Securities, Exchange Commission, U.S . Locations: Charlotte , North Carolina, U.S, Nashville, United States of America, Germany, Fort Knox, Washington, United States, bitcoin

☆ Opinion: Americans don’t have enough in the bank to weather unrelenting disasters
▼ + stars: | 2024-07-28 | by ( Opinion Daniel Kaniewski | ) edition.cnn.com time to read: +12 min

Even though floods have impacted 99% of US counties over the past 28 years, only 4% of homeowners have flood insurance. For those without flood insurance, FEMA provided $4,400 on average. Individuals and communities both have roles to play in building financial resilience to disasters. These Community Disaster Resilience Zones qualify for reduced local costs and additional technical assistance. Improving financial literacy is fundamental for making sound financial disaster preparedness decisions.

Persons: Daniel Kaniewski, Marsh McLennan, Beryl, Hurricane Harvey, Scott Olson, Daniel Kaniewski Marsh McLennan, Harvey, Hurricane Beryl, Greenlee Beal, Money, Nic Coury Organizations: Federal Emergency Management Agency, FEMA, CNN, Homes, US Chamber of Commerce, Allstate, Reuters, Stock, Wilder, National Flood Insurance Locations: Texas, Sugar Land , Texas, Alabama, Galveston , Texas, Florida, Virginia, Wilder Ranch, Santa Cruz , California, AFP, New York City

☆ How a millennial couple went from $750,000 in debt to being on track to retire in their 40s
▼ + stars: | 2024-07-28 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Disha Spath, 38, and her husband were about $750,000 in debt a few years ago and were spending above their means. "I just want a balanced life and to not feel like I'm tied to my job," Spath said. Her student loans from medical school were $191,000, according to financial documents shared with BI. They eventually converted the home into a rental property for passive income, which allowed her to pay off her student loans quicker. Even though her job paid well, she had to take unpaid maternity leave for a few weeks when their first child was born.

Persons: Disha Spath, Spath, wasn't, —, maxing, She's, I've, they're, she's, we've Organizations: Service, Business, BI, Army, Nashville, New York —, IRA, FIRE Locations: Nashville, Savannah , Georgia, Savannah, New York

For Love & Money is a weekly Business Insider column answering relationship and money questions. Write to For Love & Money using this Google form. AdvertisementDear For Love & Money,My mother-in-law has been living with us for the last year. Remember, even if your mother-in-law leaves your house, she will still be in your lives, hip-checking you out of every photo opportunity. Write to For Love & Money using this Google form .

Persons: it's, —, She's, I've, there's, she'll, doesn't Organizations: Service, futon, Social Security, Medicare Locations: I've

☆ Meet a boomer living off of $2,700 a month in retirement who plans on moving abroad for cheaper living and political stability
▼ + stars: | 2024-07-28 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

"I always tried to put a little bit aside, like change and dollar bills and whatnot. That's a problem that's going to stick around, as female "peak boomers" — Americans turning 65 between 2024 and 2030 — have, on median, $185,086 in retirement assets. Men in that group, comparatively, have $268,745, according to the Alliance for Lifetime Income and the Retirement Income Institute. "It looks like something that I could afford to live a little bit more, a little bit better; my income would stretch a little bit more," she said. However, after connecting with a friend who's made the move and found community, Dee is ready to move forward once again.

Persons: —, she's, I've, Dee —, Dee, would've, That's, She's, who's, it's, I'm Organizations: Service, Business, Social Security, Alliance for Lifetime, Income, Central America Locations: Georgia, chemo

☆ A boomer helped pay for his daughter's college and her husband's student debt. He won't start gifting their inheritance until they curb their spending.
▼ + stars: | 2024-07-28 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

Ken, a semi-retired health services executive, helped his daughter and her husband pay for college and for their home. AdvertisementKen said his daughter graduated from college without any debt, thanks to an academic scholarship and a 529 savings plan he contributed to. By the time his daughter got to college, the plan had about $75,000 in it. Ken wants to start gifting them money but wants to make sure they're savingHowever, Ken said they started spending heavily while trying to furnish and improve their home. Ken said he would like to start gifting them the annual amount that's allowed tax-free.

Persons: Ken, they've, Ken's, didn't, I've, that's boomer, hasn't, he's, it's Organizations: Service, Business

For a time, Donald Trump would have made for an unlikely headliner at a cryptocurrency confab. As president, Trump declared bitcoin “not money” and criticized it as “highly volatile and based on thin air.” He cautioned that crypto assets helped facilitate illegal underground markets. “We have only one real currency in the USA, and it is stronger than ever,” Trump wrote on Twitter in 2019. Despite cryptocurrency’s troubling recent history and his own past reservations, Trump has fully embraced the hype and hopes of the nascent industry. The industry, in turn, has embraced Trump.

Persons: Donald Trump, Trump, bitcoin “, ”, ” Trump, Nashville —, Read Organizations: Twitter, United States, Biden Locations: USA, Nashville, United States, Wisconsin

☆ Food delivery fees are rising, and everyone's feeling the pinch
▼ + stars: | 2024-07-27 | by ( Justine Fisher | ) www.cnbc.com time to read: +11 min

Third-party food delivery is becoming the norm for American consumers, as delivery apps like Grubhub, DoorDash and Uber Eats take hold in day-to-day dining. It's also presenting customers and restaurants with an increasingly complicated equation of service fees, delivery costs and worker tips. San Francisco resident Zainab Batool, who said she orders delivery from either Uber Eats or DoorDash weekly, called the added fees "insane." The share of consumers choosing third-party delivery services over direct restaurant delivery is rising, up from 15% in 2020 to 21% in 2024, according to Technomic's 2024 Delivery & Takeout Consumer Trend Report. But using their delivery services instead of paying for in-house delivery is worth it for a business on the smaller side, he said.

Persons: Luiz C, Ribeiro, Uber, It's, Zainab Batool, Batool, Gordon Haskett, Grubhub, it's, DoorDash, Covid, Spencer Platt, they've, Shelle Santana, Lindsey Nicholson, Tony Scardino, Pizza, He's, Scardino, Meredith Sandland, Ann, Phillis Engelbert, Engelbert, Gabby Jones Organizations: Ribeiro | New York Daily News, Tribune, Service, Getty, Gordon Haskett Research Advisors, Companies, U.S . Mobility, Uber, Bentley University, Grubhub Marketplace, UCG, Amazon, Bloomberg Locations: Manhattan, Ribeiro |, Francisco, Amsterdam, California, New York City, U.S, Canada, Illinois, Chicago, Ann Arbor , Michigan, Detroit

Learn moreThis year's Olympic basketball lineup is shaping up to be an all-star showdown. We've scoured all of the streaming options out there to compile the best info on where to watch Olympic basketball, including free streaming options for select games. Where to watch Olympic basketball in the USAll Olympic basketball games will be available to live stream on Peacock. Where to watch Olympic basketball in AustraliaTons of Olympic coverage will be available to live stream through 9Now in Australia, a free option that only requires account creation to use. Where to watch Olympic basketball in FranceFrance.TV is the French home of the Olympics.

Persons: We've, —, Diana Taurasi, A'ja Wilson, Breanna Stewart —, LeBron James, Steph Curry, we've, Peacock, Stan Sport, ExpressVPN Organizations: Business, Tokyo, France, US, Olympic, NBC, Peacock, Sling, Bravo, Basketball, Eurosport, BBC, Olympics Locations: United States, Japan, Australia, USA, 9Now, France

☆ 16 cities with hot job markets where homes cost $150,000 less than the national average
▼ + stars: | 2024-07-27 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Read previewAffordable homes are already rare in this cutthroat housing market, so finding a fairly priced property in a city with promising job prospects may seem like an impossible task. While property prices are no longer surging, they're still elevated, as are mortgage rates. "In-demand, affordable markets, such as those on the Wall Street Journal/Realtor.com Housing Market Ranking list, have seen prices climb, especially high relative to pre-pandemic prices." Homes in those standout cities also cost 6% more than last year, while the rest of the US had flat home prices. Within that group, there were 16 real-estate markets where homes were at least $150,000 less than the national average that also had an unemployment rate at or below 4%.

Persons: —, Realtor.com, Hannah Jones, Danielle Hale, Jones, Hale Organizations: Service, Business, Street Journal, National Association of Realtors, Wall Street Locations: Realtor.com

Below, we've put together everything you need to know about how to watch UFC 304, which will see Leon Edwards and Belal Muhammad duke it out in a welterweight title fight. UFC 304 heads overseas to Co-op Live in Machester, England. ET / 3 a.m. BST (Sun) / 10 a.m. AWST (Sun)How to watch UFC 304 in the USUFC 304 will take place on Saturday, July 27. UFC PPV + Annual ESPN+ Membership (Bundle) ESPN+ is the home of UFC PPV events, meaning that fans need to purchase a subscription in addition to buying the one-off cards. UFC 304 Fight Card: Edwards vs. Muhammad 2Main card — 10 p.m.

Persons: we've, Leon Edwards, Belal Muhammad, Edwards, Muhammad, Muhammed, Tom Aspinall, Curtis Blaydes, Aspinall, We'll, prelims, VPNs, ExpressVPN, Bobby Green, Paddy Pimblett, Leroy Duncan, Gregory Rodrigues, Arnold Allen Organizations: Business, UFC, ESPN, TNT, US, TNT Sports Locations: Machester, England, ExpressVPN, Canada

☆ Trump, Appealing to Bitcoin Fans, Vows U.S. Will Be ‘Crypto Capital of the Planet’
▼ + stars: | 2024-07-27 | by ( Chris Cameron | ) www.nytimes.com time to read: +1 min

Former President Donald J. Trump vowed on Saturday that he would turn the United States into a “Bitcoin superpower" if returned to the White House, wielding much of the same rhetoric of persecution that he has applied to himself and his supporters to appeal to cryptocurrency enthusiasts who want to see less regulation. “Sadly, we see the attacks on crypto,” Mr. Trump told a gathering of cryptocurrency fans in Nashville. “It’s a part of a much larger pattern that’s being carried out by the same left-wing fascists to weaponize government against any threat to their power. They’ve done it to me.”He added that, if he were elected, “Joe Biden and Kamala Harris’s anti-crypto crusade will be over” and that “the moment I’m sworn in, the persecution stops and the weaponization ends against your industry.”Mr. Trump has been competing with Robert F. Kennedy Jr., the independent presidential candidate, for the support of cryptocurrency holders, and his remarks represented one of his most direct pitches yet.

Persons: Donald J, Trump, Mr, “, “ Joe Biden, Kamala Harris’s, Robert F, Kennedy Jr Organizations: White Locations: United States, Nashville

☆ 10 bitcoin and blockchain-related stocks with the highest price upsides, according to Wall Street analysts
▼ + stars: | 2024-07-27 | by ( Laila Maidan | ) www.businessinsider.com time to read: +1 min

Bitcoin's price has surged by more than 500% over the past five years. According to TipRanks, the 10 stocks below are buy-rated and score well on other metrics. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The round of spot bitcoin ETFs approved by the Securities and Exchange Commission in January helped increase flows into the asset. This story is available exclusively to Business Insider subscribers.

Persons: TipRanks, —, bitcoin, Franklin Templeton Organizations: Service, Securities and Exchange Commission, Wall, Fidelity, Business Locations: BlackRock, bitcoin

☆ Trump's Bitcoin speech aims to lock down crypto support as Harris gains momentum
▼ + stars: | 2024-07-27 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +4 min

It is also quite the about-face by the Republican presidential nominee. The Republican presidential nominee will also host an accompanying fundraiser in Nashville, with tickets topping out at $844,600 . Bitcoin 2024 conference organizers say they were briefly in talks to have Vice President Kamala Harris appear at the conference, though she ultimately declined. "I think we're going to hear from Vice President Harris soon on this. Harris' team has already begun to reach out to people close to crypto companies to set up meetings, the Financial Times reported on Saturday.

Persons: Donald Trump, Joe Biden's, David Bailey, Trump, NASHVILLE —, bitcoin, Fox, I've, Harris, Wiley Nickel, Nickel, Kamala Harris, Mark Cuban, we've Organizations: Van, Trump, Republican, BTC Inc, NASHVILLE, Republican Party, Biden, Democratic Party, Democratic, North Carolina, CNBC, Financial Times Locations: Grand Rapids , Michigan, America, Nashville, Washington, North

☆ The 3 Biggest Mistakes You Can Make With Your 401(k)
▼ + stars: | 2024-07-27 | by ( Diane Harris | ) www.nytimes.com time to read: +1 min

In a surprising turn, given the usual grim reports about how little most Americans have saved for retirement, there’s been a spate of good news lately about 401(k) investors. Yes, the median shot up an impressive 29 percent in 2023, but the typical account was still worth just over $35,000 by year end, Vanguard reports. Other signs of stress: A record number of savers withdrew money early, and the percentage taking out loans rose too. All told, despite the surface optimism about retirement savings, six in 10 investors told BlackRock they still worry they’ll outlive their money. “The rising tide for retirement savers has not lifted all boats,” said Christine Benz, director of personal finance and retirement planning at Morningstar.

Persons: there’s, they’ll, ”, Christine Benz Organizations: Vanguard, BlackRock, Morningstar

☆ Don't believe these 3 myths about coffee, say registered dietitians
▼ + stars: | 2024-07-27 | by ( Renée Onque | ) www.cnbc.com time to read: +4 min

To get to the bottom of what's fact and what's fiction, we asked registered dietitians Maddie Pasquariello and Roxana Ehsani about the coffee myths they come across the most. But despite its popularity, there are plenty of myths about coffee and it can be difficult to know what's true. Two-thirds of Americans drink coffee every single day, according to data collected by the National Coffee Association in 2022. "I would only recommend that people don't forget to drink a glass of water first or along with [coffee] too," Ehsani says. Myth #3: "More than 2 cups of coffee a day is too much"Deepak Chopra told CNBC Make It he drinks two to three cups of coffee before noon.

Persons: Maddie Pasquariello, Roxana Ehsani, it's, Ehsani, they're, Pasquariello, Deepak Chopra Organizations: National Coffee Association, CNBC

☆ What to do when the Fed starts cutting interest rates
▼ + stars: | 2024-07-27 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +8 min

New York CNN —Over the past couple of years, the Federal Reserve aggressively raised its key interest rate to a 23-year high to beat down inflation. But, realistically, how much you’ll save when the Fed lowers rates will depend on how quickly it cuts and by how much each time. Since loan amounts are substantial, this is one area where even small cuts in interest rates could make a meaningful difference in what a homebuyer will pay. A couple of quarter-point rate cuts from the Fed won’t make it meaningfully cheaper, McBride said. A few rate cuts won’t make much of a dent in today’s record-high average rate of 20.7%.

Persons: ”, Greg McBride, ” McBride, “, Chris Diodato, McBride, Diodato, you’re, ” Dodiato Organizations: New, New York CNN, Federal Reserve, Bankrate, Fed Locations: New York

☆ Going for gold — Three 'Big Short' traders say the precious metal is a major long
▼ + stars: | 2024-07-27 | by ( Ellie Stevens | ) www.cnbc.com time to read: +2 min

"The Big Short" traders Danny Moses, Vincent Daniel and Porter Collins are focused on one of their top long bets: gold. "I just don't think Americans have enough gold in their portfolio," Collins said on CNBC's " Fast Money " in an exclusive interview this week . We are still very long gold , gold miners , Silver , Platinum Group Metals (PGMs) and Bitcoin ," they wrote. In a special email to "Fast Money" on Monday, Moses wrote he has a "large long" in the Sprott Physical Gold Trust . As of Friday's close, the Sprott Physical Gold trust is up more than 16% so far this year.

Persons: Danny Moses, Vincent Daniel, Porter Collins, Collins, Daniel, Moses Organizations: Seawolf, Group Metals, Moses Ventures, Trust Locations: U.S

☆ Donald Trump once trashed bitcoin as ‘based on thin air.’ Now, he’s addressing crypto’s largest convention
▼ + stars: | 2024-07-27 | by ( Steve Contorno | Aaron Pellish | ) edition.cnn.com time to read: +8 min

Trump’s campaign would not say what sparked the former president’s 180-degree turn on bitcoin. Billionaire crypto tycoons Tyler and Cameron Winklevoss each pledged to donate $1 million worth of bitcoin to Trump’s campaign. The cryptocurrency industry has experienced a resurgence since the downfall of FTX. Trump supporters were not hard to find inside the Bitcoin Conference. Luke Broyles, a 25-year-old Michigander working in the crypto industry, was similarly unsure of Trump’s latest entreaties despite his recent rhetoric.

Persons: Donald Trump, Trump, bitcoin “, ”, ” Trump, Jacob Silverman, bitcoin, Sam Bankman, Larry David, Tom Brady, Fried, Brian Hughes, South Carolina Sen, Tim Scott, ” Scott, David Bailey, Bailey, cryptocurrency, tycoons Tyler, Cameron Winklevoss, Cryptocurrency, Ohio Sen, JD Vance, David Sacks, Biden, ” Sacks, “, ” Tyler Winklevoss, Eric Soufer, cryptocurrencies, ” Soufer, FTX, Robert F, Kennedy Jr, John Fischer, ” Fischer, Luke Broyles, Trump’s, ” Broyles Organizations: Nashville CNN, Twitter, United States, Biden, Capitalism, CNN, Republican, Trump, South, BTC Inc, Mar, Commission, Billionaire, Music City Center, Independent, Pew, Libertarian Party, Bitcoin Conference Locations: USA, Nashville, United States, Wisconsin, St, Cloud , Minnesota, South Carolina, Silicon, Washington, Atlanta, cryptocurrency

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