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☆ I'm almost 30, but I was doing better financially at age 21. I made the best career move for my health, and I'm not ashamed.
▼ + stars: | 2024-07-26 | by ( Tiernan Cannon | ) www.businessinsider.com time to read: +5 min

I speak, first, to my mother, who tells me about her week and the deteriorating state of our aging relatives. We're six years into this freelancing experiment now, and I'm less financially stable, as 30 creeps into view, than I was as a fresh-faced graduate of 21. I don't live at home, and I don't rely on my parents to pay my rent or fund my follies and travels. It's hardly surprising that I'm defensive when my dad asks how I'm doing for money. While acknowledging that fact won't pay the bills, it might help us to feel less ashamed.

Persons: —, who's, It's, Freed, I'm Organizations: Service, Business, Spotify

☆ Bristol Myers surges 10%, its biggest increase since 2008, after boosting profit forecast
▼ + stars: | 2024-07-26 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Bristol Myers boosted its adjusted earnings for the year to between 60 and 90 cents a share, up 20 cents from its last forecast. AdvertisementOf Bristol Myers' existing drugs, Eliquis saw a 7% increase in sales year-over-year. Cancer drug Opdivo and blood cancer treatment Revlimid also saw promising results and beat quarterly sales estimates. The company reiterated its plan to cut $1.5 billion in costs by 2025, which was announced at its last quarterly earnings call. Bristol Myers is only the latest of a host of other drugmakers to raise their earnings guidance this week.

Persons: Myers, —, Bristol Myers, Christopher Boerner, Eliquis, Revlimid, David Elkins, Boerner, AbbVie Organizations: Bristol, Myers Squibb, Service, Cancer, FDA, AstraZeneca, Roche, Sanofi Locations: Bristol

☆ Bitcoin is the new global denominator for capital, says Miller Value's Bill Miller IV
▼ + stars: | 2024-07-26 | by ( ) 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 EmailBitcoin is the new global denominator for capital, says Miller Value's Bill Miller IVBill Miller IV, Miller Value Partner CIO, joins 'Closing Bell' to discuss how he's playing in the crypto market.

Persons: Miller, Bill Miller, Bill Miller IV

Nancy Breland, 72, Georgia Retired and taking care of her husband, Breland has seen rising prices for everything from groceries and utilities to insurance and home maintenance eat into her fixed income. She has also seen her friends struggle with inflation, as well, through the church she volunteers at. At 72, Breland has been doing much of the upkeep around her home after her husband fell ill several years ago. Fixed income is very hard when inflation is so high.”Primary source of income: Combined, Breland and her husband have around $7,600 in monthly income from their retirement accounts and pension and Social Security payments. While Social Security checks have increased relative to inflation, other sources of income for retirees, like pension payments and retirement savings accounts, haven’t necessarily kept up for many.

Persons: Nancy Breland, Breland, ”, “, I’m, What’s, I’ve, it’s, ” What’s, “ I’m Organizations: NBC, Social, Social Security, Insurance, Facebook Locations: Georgia, landscapers, Brunswick , Georgia, Montana

☆ A boomer living on $1,680 Social Security and SNAP struggles to afford food: 'It has kept me very isolated.'
▼ + stars: | 2024-07-25 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

What's more, her $23 in SNAP doesn't go very far at the grocery store — maybe it covers a few packages of frozen vegetables, a carton of milk, and some chicken. AdvertisementShe relies on her Social Security for income — an amount that comes out to $1,680 a month, according to documents viewed by BI. AdvertisementOn her limited income, Rita said she can feel lonely. Are you living paycheck to paycheck on Social Security? Have you chosen to take Social Security early or delay benefits?

Persons: —, Rita hasn't, Rita, She's, it's, wouldn't, hadn't, she's Organizations: Service, SNAP, Business, Social, BI, Income, Northwestern Mutual, Social Security, Security Locations: Pekin , Illinois, Chicago, Pekin

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin sinks to $64,000 level alongside tech stock rout: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, CNBC Crypto World provides an inside look at the crypto conference Bitcoin 2024 in Nashville, Tennessee.

Persons: explainers Organizations: CNBC Crypto, CNBC Locations: Nashville , Tennessee

☆ Setting aside $10 a day could help you save over $1 million for retirement—but you have to start early
▼ + stars: | 2024-07-25 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Although the thought of saving $1 million or more by the time you reach retirement age may seem overwhelming, the process doesn't have to be — especially if you start early. Instead of focusing on the total, try paying attention to your savings rate, which is the percentage of your annual pre-tax income you're contributing to your retirement investment account. But your savings rate is something you can control. Fidelity recommends a savings rate of at least 15%, inclusive of any employer match. To that point, you can begin your retirement savings journey by setting aside just $10 a day, or $70 a week.

Persons: it's, James Royal Organizations: Fidelity, CNBC

☆ These friends have worked at Piggly Wiggly together for 50 years: 'Time flies when you're having fun'
▼ + stars: | 2024-07-25 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

Both men, now in their 60s, have worked at the same Piggly Wiggly grocery store in Franklin, Kentucky for 50 years. Haley and Watkins each started working at the store full time as associates after graduating high school. The average salary for a store manager at Piggly Wiggly ranges from $34,000 to $109,000 per year while the pay for a meat manager ranges from $42,000 to $76,000, according to Indeed. The Piggly Wiggly veterans are in good company — older Americans are working longer. Haley echoes the same sentiment: "Time flies when you're having fun."

Persons: Dale Haley, Ricky Watkins, Haley, Watkins, Haley didn't, …, I'd, I, Don't, you'll Organizations: Gallup, CNBC Locations: Franklin , Kentucky

☆ Disney, Hulu and Max launch streaming bundle at up to 38% discount
▼ + stars: | 2024-07-25 | by ( Liam Reilly | ) edition.cnn.com time to read: +3 min

Discovery and Disney launched a cross-studio bundle of Disney+, Hulu, and Max on Thursday, bringing the services together at a discounted price as the entertainment giants look to scale their streaming businesses. Disney+ with Hulu is also available for $9.99 a month with ads. Disney already offers its own streaming bundle that includes Disney+, Hulu, and ESPN+ at a bargain rate. Earlier this month, Hallmark announced that it, too, will launch its own standalone streaming platform, Hallmark+, ahead of the holiday season. Disney, WBD and Fox Corp. are also launching the dedicated sports streaming service Venu this fall, which will combine ESPN, TNT, Fox Sports and other assets under a single streaming roof.

Persons: Max, Marvel, ”, David Zaslav, NBC’s Peacock, Peacock, Venu, “ We’ve, Bob Iger, “ Organizations: New, New York CNN, Warner Bros . Discovery, Disney, HBO, ABC, CNN, Food Network, FX, HGTV, Hulu, Pixar, Star Wars, Warner Bros, Netflix, Amazon Prime, ESPN, Verizon, Paramount, Apple, Comcast, Hallmark, Fox Corp, TNT, Fox Sports, ” Disney, CNBC Locations: New York, Hulu

☆ Who Can Achieve the American Dream? Race Matters Less Than It Used To.
▼ + stars: | 2024-07-25 | by ( German Lopez | Ashley Wu | ) www.nytimes.com time to read: +15 min

When the white Gen X child turned 27 in 2005, they could expect to make more than $34,000. But Mr. Cain did have a strong community — which he said taught him entrepreneurship and showed him he could dream big. Mr. Cain, 35, got a two-year degree in business management and first worked as a bank teller and financial adviser. At the same time, white millennials born to poor parents had a harder time than their white Gen X counterparts. Unlike Mr. Cain, Mr. Brown did not have a strong sense of community, as he bounced between his mother, his father and his grandparents.

Persons: Lawrence Cain Jr, Cain, ”, Asa Featherstone, Black, Derek Brown, Brown, He’s, “, It’s, ” Mr, Raj Chetty, Stefanie A, DeLuca, David B, Ralph Richard Banks, wasn’t, Benjamin Goldman, Cain’s Organizations: Abundance University, Business, Harvard, The New York Times, General Electric, Richer, Johns Hopkins University, Stanford, People, Black, White, Conservatives, Local, Bank of America Locations: Cincinnati, Northside, America, United States, American, China, India, Charlotte, N.C

☆ Get a first look at Goldman Sachs' logo and website revamp that's been years in the making and is estimated to have cost millions
▼ + stars: | 2024-07-25 | by ( Emmalyse Brownstein | Reed Alexander | ) www.businessinsider.com time to read: +9 min

Two of these people said the aim of the years-long redesign — which also includes a fresh look for the Goldman website — was to give the firm's marketing materials a more "premium" feel. The photo was recently posted on Goldman's LinkedIn page Screenshot from Goldman Sachs' LinkedIn page"The Goldman Sachs wordmark is a piece of custom typography inspired by our heritage," the brand guidelines obtained by BI say. These people say they understand the changes cost Goldman Sachs millions of dollars. A screenshot of Goldman's website redesign plan with the G and the S joined on the right. Now fresher, brighter, and optimized for digital, the new Goldman Sachs blue is the only Goldman Sachs blue."

Persons: —, Goldman Sachs, Sachs, Emmalyse, David Solomon, Goldman Sachs wordmark, Goldman, Fiona Carter, Jones Knowles Ritchie —, Burger, Marcus, Reed Alexander Organizations: Service, Business, Goldman, BI, Goldman's, GS, Apple Locations: Goldman, Sachs, British

☆ It may already be too late for the Fed to stop a recession, former central bank president says
▼ + stars: | 2024-07-25 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

"Although it might already be too late to fend off a recession by cutting rates, dawdling now unnecessarily increases the risk," the former New York Federal Reserve President said. But to Dudley, even this is too late, and central bankers would do better to pivot rates at next week's policy meeting. AdvertisementAccording to Dudley, this slowdown points to fewer jobs down the road, and an uptick in unemployment could set off a near-certain recession indicator: the Sahm Rule. Despite this, Dudley suggested that the Fed might not be as concerned about breaching the Sahm Rule as it should be. According to Dudley, there are two other reasons the Fed may be waiting for September to cut rates.

Persons: —, Bill Dudley, dawdling, Dudley, Jerome Powell, Claudia Sahm, I'm Organizations: Service, Bloomberg, New York Federal, Business, Fed Locations: Dudley

☆ Cryptocurrencies suffer alongside tech stock rout, ether slides 6%
▼ + stars: | 2024-07-25 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Cryptocurrencies fell one day after a reversal in technology stocks pushed the S&P 500 and Nasdaq Composite to their worst day since 2022. Disappointing quarterly earnings from from Alphabet and Tesla late Tuesday weighed on the rest of the tech sector as investors rotated out of high-risk assets, including cryptocurrencies. Gox repayment schedule that has resulted in a persistent round of bitcoin selling pressure this month, he added. Meanwhile, ether fell 6% to $3,172.59 as newly-launched ether exchange-trade funds traded for a third day. "What is happening is the same as when spot bitcoin ETFs were launched back in January," said Yuya Hasegawa, crypto market analyst at Japanese bitcoin exchange Bitbank.

Persons: Cryptocurrencies, Bitcoin, Joel Kruger, Yuya Hasegawa, bitcoin Organizations: Nasdaq, Metrics, LMAX, ETH Locations: outflows

☆ She makes $550,000 a year. Her husband makes $60,000. Here's how it affects their relationship
▼ + stars: | 2024-07-25 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +4 min

Her husband, James, 39, is a freelance musician who earns around $60,000 a year. James said he wants to contribute more toward their lifestyle and retirement goals, but he knows he can't match-up financially. "Geena wants James to be engaged with money. "Taylor wants Steve to want more for himself, to become a financial partner in their relationship," Sethi said. "The solution is to fix your worldview of money and master your own money psychology," Sethi said.

Persons: Geena, James don't, James, I've, Ramit Sethi, Rich, I'm, Sethi, Taylor, Steve, it's, James isn't, James doesn't, he's Locations: New York

☆ Stocks making the biggest moves after hours: Dexcom, Coursera, Deckers Outdoor and more
▼ + stars: | 2024-07-25 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Revenue in the second quarter missed analysts' expectations, coming in at $1 billion versus consensus estimates of $1.04 billion, per LSEG. Boston Beer Company – The maker of Twisted Tea and Samuel Adams slid 5% after second quarter results missed the Street's estimates. The company reported adjusted earnings of $3 per share, excluding items, on revenue of $2.8 billion in the second quarter. Juniper posted adjusted earnings of 31 cents per share and revenue of $1.19 billion in the second quarter. That came up short against analysts' estimates of 44 cents per share in earnings and $1.25 billion in revenue, per LSEG.

Persons: Samuel Adams, Boston Beer, Coursera, Juniper, —, Darla Mercado Organizations: Revenue, Boston Beer Company, Boston, Mohawk Industries, FactSet, Juniper Networks

☆ A millennial moved from California to Utah for a lower cost of living. A few months later, she's hoping to move back.
▼ + stars: | 2024-07-25 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

After just under three months of living in Utah, she's already planning to move back. She settled on Salt Lake City, which in recent years has become a business and tech hub. She's already gearing up to move back to San Diego once her kid is older and she's more financially stable. She said the food was "infinitely better" in San Diego with much more variety, and San Diego had many more cultural and entertainment opportunities. She hopes to raise her salary to about $200,000, which she feels would be enough to live more comfortably in San Diego.

Persons: Kate M, she's, Kate, Utah Kate, San, I've, wouldn't, didn't, It's, She's, California Kate, — Organizations: Service, Business, San Diego, LA Locations: San Diego, Utah, California, San, Salt Lake City, Arizona, Los Angeles, Diego, South Utah, She's

☆ Why the new spot ether ETFs may ‘be a hit’ despite recent weakness
▼ + stars: | 2024-07-25 | by ( Ellie Stevens | ) www.cnbc.com time to read: +1 min

It's a historic week for the cryptocurrency markets with spot ether exchange-traded funds making their debut. Franklin Templeton is one of the nine spot ether ETF applicants which got approval Tuesday from the Securities and Exchange commission. CEO Jan Van Eck expects spot ether ETFs will help investors diversify, but he sees a different energy level for spot ether ETFs. "I don't think they're going to be the same, same kind of hit [as spot bitcoin ETFs]" Van Eck said. Long-term, Morningstar's Ben Johnson considers the volumes for spot ether ETFs as normal because they're roughly proportional to the relative market cap of ether versus bitcoin .

Persons: Franklin Templeton, —, David Mann, CNBC's, Jan Van Eck, Van Eck, Morningstar's Ben Johnson Organizations: Securities, Exchange, Franklin Ethereum Locations: cryptocurrencies

Learn moreIt was announced months ago that this was coming, but now it's finally official: the new Disney Plus bundle features Disney Plus, Hulu, and Max starting at $17 a month. Disney Plus/Hulu/Max Bundle without Ads $29.99 This package offers ad-free streaming access to Disney Plus, Hulu, and Max for $30 a month. How to get the new Disney Plus bundleSigning up for the new Disney Plus bundle is easy. Disney Hulu Max bundle price and plansThe new Disney Plus bundle comes with two tiers: ad-supported and ad-free. Each plan also allows for streaming select Hulu content in the Disney Plus app and select HBO content in the Hulu app.

Persons: it's, Max, Disney Hulu Max Organizations: Business, Disney, Hulu, Disney Plus, Trio, ESPN, Disney Hulu, Max

☆ U.S. economy grew at a 2.8% pace in the second quarter, much more than expected
▼ + stars: | 2024-07-25 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Real gross domestic product , a measure of all the goods and services produced during the April-through-June period, increased at a 2.8% annualized pace adjusted for seasonality and inflation. Economists surveyed by Dow Jones had been looking for growth of 2.1% following a 1.4% increase in the first quarter. Economic activity in the U.S. was considerably stronger than expected during the second quarter, according to an initial estimate Thursday from the Commerce Department. The so-called chain-weighted price index, which takes into account changes in consumer behavior, increased 2.3% for the quarter, below the 2.6% estimate. There also is pressure in the housing market: Sales are declining while home prices continue to climb, putting pressure on first-time homebuyers.

Persons: Dow Jones Organizations: Commerce Department, Stock, Federal Reserve, Fed, Philadelphia Federal Locations: U.S

☆ Bitcoin 2024 kicks off: Regulation and politicians in focus
▼ + stars: | 2024-07-25 | 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 EmailBitcoin 2024 kicks off: Regulation and politicians in focusCNBC’s MacKenzie Sigalos joins 'Power Lunch' to discuss Bitcoin 2024 and the intersection of politics with the sector.

Persons: CNBC’s MacKenzie Sigalos

☆ A millennial who made nearly $200K working 20 hours a week says secretly working multiple jobs gave him the confidence to start his own business
▼ + stars: | 2024-07-25 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Then he had an idea: He could look for extra work to boost his income and professional skills. AdvertisementPatrick, who's 34 and based in California, made nearly $200,000 last year secretly working two full-time remote jobs and doing additional freelance work on the side. While some companies may be OK with their employees taking on extra work, doing so without approval could have consequences. Then, in 2022, Patrick started a second full-time remote job while retaining three freelance clients. He said his freelance work has turned into a full-fledged business — he established an LLC last December.

Persons: —, Patrick, it's, jugglers, He's Organizations: Service, Business Locations: California

Trump, the Republican nominee for president, has raised more than $4 million from a mix of digital tokens, a campaign aide told CNBC. At least 19 donors contributed more than $2.15 million bitcoin to the committee, the filing shows. Brian Hughes, a Trump campaign aide, said that of the more than $4 million in crypto raised, most of it arrived in bitcoin. "While the Biden-Harris Administration stifles innovation with more regulation and higher taxes, President Trump is ready to encourage American leadership in this and other emerging technologies." Thus far, it appears the Trump campaign is mostly converting these contributions immediately to USDC and then liquidating the donations.

Persons: Donald J, Trump, Bill Pugliano, Donald Trump, Tyler, Cameron Winklevoss, Mike Belshe, Tyler Winklevoss, Eva Marie Uzcategui, he's, Marc Andreessen, Ben Horowitz, Brian Hughes, Kamala Harris, Hughes, Harris, shiba inu, Jesse Powell, Stuart Alderoty, Alderoty, David Sacks, Ryan Selkis, Sen, Elizabeth Warren, Warren, Ohio Sen, JD Vance, Vance Organizations: Van, Getty, NASHVILLE, Republican, CNBC, U.S, Trump, Republican National Committee, State Department, Gemini Trust, Bloomberg, Solana, Bitcoin, Music City Center, Democratic, Biden, Harris Administration, IRS, Libertarian National Convention, Ohio, Biden White, SEC Locations: Grand Rapids , Michigan, Tennessee, bitcoin, Miami , Florida, U.S, Nashville, San Francisco, USDC, Washington, Lago, Florida

☆ Grayscale's $9 billion head start in ethereum is at risk as big investors launch ETFs
▼ + stars: | 2024-07-24 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +4 min

With the SEC clearing the path for ETFs, Grayscale will have a boatload of rivals, and investors can go hunting for the lowest fees. Large financial firms, including Fidelity Investments, Franklin Templeton, BlackRock and Invesco, are already on the market with their own spot ether ETFs. In their first day of trading on Tuesday, spot ether ETFs collectively saw over $1 billion in volume, with JPMorgan analysts estimating net sales of $104 million. While money poured into the new offerings, the Grayscale Ethereum Trust (ETHE) saw redemptions of $485 million. watch nowIn the bitcoin ETF market, Grayscale has been struggling to handle the flood of competition.

Persons: Jakub Porzycki, Barry Silbert's, Franklin Templeton, Morningstar's Bryan Armour, Grayscale's David LaValle, LaValle Organizations: Nurphoto, U.S, Digital Currency Group, SEC, Fidelity Investments, BlackRock, JPMorgan, CNBC Locations: Invesco, U.S

About Washington State Employees Credit UnionWashington State Employees Credit Union is a community development financial institution (CDFI) with 24 branches throughout Washington. How Washington State Employees Credit Union ComparesWashington State Employees Credit Union vs. Kitsap Credit UnionKitsap Credit Union is another CDFI in Washington. Washington State Employees Credit Union vs. Gesa Credit UnionGesa Credit Union has around 30 branches in Washington and is also certified as a CDFI. Why You Should Trust Us: How We Reviewed Washington State Employees Credit UnionFor our Washington State Employees Credit Union review, we rated bank products and services using our editorial standards. Washington State Employees Credit Union FAQsIs Washington State Employees Credit Union a good credit union?

Persons: you'll, It's, Banks, Washington State Employees Credit Union hasn't Organizations: Washington State Employees Credit Union, Employee Credit Union, Washington State Employees Credit, Washington, Employees Credit Union, Washington State Employees Credit Union Washington State Employees Credit Union, Google, Apple, Community Development Financial, US Department of Treasury's, Financial, Fund, of Washington and, Better, BBB, Kitsap Credit Union Kitsap Credit Union, Kitsap Credit Union, Gesa Credit Union Gesa Credit Union, Gesa Credit Union, Credit Union, Gesa Credit Union Gesa Credit, Chevron Locations: Washington, Chevron, Schools Washington, Idaho, Oregon

☆ How startups can get in top shape for an IPO, according to Silicon Valley lawyer Louis Lehot
▼ + stars: | 2024-07-24 | by ( Alistair Barr | ) www.businessinsider.com time to read: +11 min

Louis Lehot, a Silicon Valley law-firm partner, specializes in taking companies from startup to IPO. The IPO market is expected to pick up later this year, so Business Insider emailed Silicon Valley lawyer Louis Lehot, a partner at Foley & Lardner, for advice on how startups should prepare for life as public companies. Are public market investors generally keen to invest in IPOs, or are they focused elsewhere? Public market investors are selective, focusing on established profitability and sustainable growth over speculative, high-growth stories. What are the key process changes companies need to make ahead of an IPO?

Persons: Louis Lehot, Lehot, —, Lardner, Collison Organizations: Service, Foley, Healthcare, Biotech, Green Energy, Enterprise, Street, Investor

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