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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWolfe Research's Stephanie Roth: Labor market has been 'incredibly robust'Stephanie Roth, Wolfe Research chief economist, and Katerina Simonetti, Morgan Stanley senior vice president and private wealth advisor, join 'The Exchange' to discuss the state of the consumer, the future of fixed income investments, and more.
Persons: Wolfe, Stephanie Roth, Katerina Simonetti, Morgan Stanley Organizations: Labor, Wolfe Research
Debris is cleared from the collapsed Francis Scott Key Bridge as efforts begin to reopen the Port of Baltimore on March 31, 2024, in Baltimore, Maryland. Tasos Katopodis | Getty Images News | Getty ImagesCoast Guard officials tell CNBC the secondary channel that is being created in the southwest channel of the Port of Baltimore will only welcome commercial vessels that are cleared by the Coast Guard in the removal of debris. "The vessels will be decided on a case-by-case basis," said Carmen Caver, Coast Guard spokesperson. The draft for the select commercial work vessels that will be permitted by the Coast Guard to help in the removal of Key Bridge debris is 10 feet. Based on a review of AIS data from MarineTraffic, there have been almost 1,000 containership arrivals at Baltimore port since January 2022, with an average TEU (container capacity) of 7,039, according to Nikos Pothitakis, Kpler spokesman.
Persons: Francis Scott Key, Tasos Katopodis, Carmen Caver, Dali, Nikos Pothitakis, Aaron Roth, Roth Organizations: Getty, Coast Guard, CNBC, Francis Scott Key Bridge, Maersk, Dali, Chertoff Group Locations: Port of Baltimore, Baltimore , Maryland, Port, Baltimore, MarineTraffic, East, Dali
Private College 529 Plan locks in today's tuition rates, saving big on future costs and giving flexibility with school choice. Both LaShanda and Ben have been saving for their children's higher education using Private College 529 Plan. Learn more about setting your child up for success with Private College 529 Plan. When you save with Private College 529 Plan, you purchase tuition at then-current rates for each college in the plan. This post was created by Insider Studios with Private College 529 Plan.
Persons: Ben S, Ben, LaShanda, Spelman, they're, prepaying, It's, Roth Organizations: Private, Private College, College Board, Stanford, MIT, Princeton, Spelman College, Roth IRA, Insider Studios Locations: Arizona , Arkansas , Kansas , Maine, Minnesota , Missouri, Montana , Ohio, Pennsylvania
If you've got nothing saved for retirement, you're not alone. Nearly 30% of Americans have $0 saved for retirement, per recent data from personal finance website GOBankingRates. The average monthly benefit is around $1,773 as of February, per the Social Security Administration. It ranked each city on a variety of metrics, including the city's average home value, annual grocery costs, annual utilities costs and whether the state taxes Social Security benefits. Here are the top five places in the U.S. to retire if you have little to no savings, according to GOBankingRates.
Persons: you've, Anne Lester, Roth, GOBankingRates Organizations: CNBC, Roth IRA, Social Security, Social Security Administration, Social, U.S, Survey, Tax Foundation, Bureau of Labor Statistics, Expenditure Locations: U.S
International sanctions and UN investigations into North Korea’s illegal weapons program have previously been backed by Russia. North Korea has also gained a powerful backer at the UN which wields veto power. While UN sanctions prohibit arms transfers to or from North Korea, the Kim regime has become a big supplier of weapons to Putin’s war effort in Ukraine. The vote in the 15-member Security Council on Thursday was 13 in favor, Russia opposed and China abstaining. But as Russia holds veto power, the resolution to continue the panel of experts’ work failed.
Persons: Kim Jong Un, Vladimir Putin, Nebenzia, Kim, Barbara Woodward, , ” Woodward, , Robert Wood, ” Wood Organizations: United Nations CNN, United Nations, Korean, UN, Security Council, CNN, North, Security, South Korea’s Foreign Locations: Russia, Pyongyang, Ukraine, United States, Moscow, Korea, Russian, North Korea, South, Korean, China,
"The goal is usually to be as close to zero as possible: either a minimal return refund or a minimal tax payment. Where to save your money right now: high-yield or money market accountsOnce you've received your refund, a good initial step is to send that money from your checking account to a savings account. A few key differences: Your cash will be more accessible in a money market account, as you can write checks and use a debit card linked directly to the account. Note that money market accounts usually have a higher minimum balance requirement, ranging from a few hundred to a few thousand dollars. Interest rates are expected to drop in 2024, but you'll still earn more in these accounts than in traditional savings accounts, which typically offer rates under 0.5%.
Persons: Grant Nieland, you've, you'll, You'll, Roth, Nieland, we're Organizations: Business, Carson Wealth, IRS, Wealth, Roth IRA
Obama jumps in to help Biden defeat Trump again
  + stars: | 2024-03-27 | by ( Mj Lee | Jeff Zeleny | ) edition.cnn.com   time to read: +7 min
Washington CNN —Barack Obama spent several hours last Friday in the family dining room of the White House, visiting his former vice president, Joe Biden. Obama’s biggest embrace of Biden’s reelection effort comes Thursday at a star-studded Manhattan fundraiser featuring Biden, Obama and former President Bill Clinton. As president, Biden has also been in frequent touch with Clinton, sources familiar say. “President Obama once said to me that every president is a reflection of the previous president, and he’s right,” Messina said. “Trump was the complete opposite of Obama, and Biden is the complete opposite of Trump.
Persons: Barack Obama, Joe Biden, Obama, Biden’s, Donald Trump, Biden, Nancy Pelosi, Joe, Kamala, ” Obama, we’ve, Jeff Zients, Bill Clinton, Stephen Colbert, Clinton, , , Queen Latifah, Lizzo, Cynthia Erivo, Mindy Kaling, Ben Platt, Lea Michele, Jordan Roth, Alex Timbers, Annie Leibovitz, Steve Ricchetti, , Jim Messina, Messina, ” Messina, “ Trump Organizations: Washington CNN, White House, House, CNN, Affordable, Biden, Biden’s, Presidents Club, Radio City Music Hall, Democrats, White, Republican, Trump Locations: White, president’s State, Manhattan, , Gaza, Obama’s, United States
10'000 Hours | Digitalvision | Getty ImagesThere's still time to lower your 2023 tax bill or boost your refund with a lesser-known retirement savings strategy for married couples. One requirement for individual retirement account contributions is "earned income," such as wages or salary from a job or self-employment earnings. But there's an exception for single-income households: the spousal IRA. With income phaseouts for IRA deductibility and Roth IRA contributions, many wait until March or April for the previous year's IRA deposits. Even a $500 or $1,000 spousal IRA contribution could provide tax savings.
Persons: Roth, , Judy Brown, Catherine Valega, Brown, deductibility Organizations: Getty, SC, H, D.C, Pew Research Center, Green Bee, Green Locations: Washington, Baltimore, Boston
Their state appeared designed to create an impression of aggression and brutality, showing the consequences of crossing the Russian authorities. Though the brutality of Russia's security services has long been known, never has it been so brazenly paraded, say analysts. "It was no secret that Russian security agencies torture people, mutilate suspected terrorists and generally practice all known ways of extracting information. AdvertisementThe abuse of terror suspects in Russia has been documented before. But the treatment of the Moscow terror suspects seems to mark a new milestone in the normalization of brutality by officials in Putin's Russia.
Persons: , Mukhammadsobir Faizov, Dalerdzhon, Saidakrami Rachabalizoda, Shamsidin, Vladimir Putin, Mirzoyev, Rajabalizoda, Fariduni, mutilate, Anton Barbashin, Akram Azimov, Abror, lionized, Andrei Soldatov, Russia's Wagner, Kenneth Roth Organizations: Service, Business, CNN, Nazi, RFE, Human Rights Watch, St, New York Times, UN, Moscow ISIS, Kremlin, Human Rights Locations: Moscow, Tajikistan, Russia, St Petersburg, Ukraine, Putin's Russia
CNN —Tensions between the US and Israel were exposed on Monday when Washington stood aside and allowed the UN Security Council to pass a resolution calling for an immediate ceasefire in Gaza. Its position evolved last week when on Friday, it put forward a ceasefire resolution tied tied to the release of hostages. The US abstention on Monday’s vote allowed the latest resolution to pass, when the other 14 members of the 15-strong council voted yes. While resolutions made by the UN Security Council are legally binding, they can be – and have been in the past – ignored, as the UN enforcement mechanisms are limited. UN Secretary-General António Guterres said a failure to implement the resolution would be “unforgivable.”“The Security Council just approved a long-awaited resolution on Gaza, demanding an immediate ceasefire, and the immediate and unconditional release of all hostages.
Persons: Washington, Benjamin Netanyahu, United Nations Linda Thomas, Greenfield, , António Guterres, , ” Guterres, Tzachi Hanegbi, Ron Dermer, Netanyahu, John Kirby, “ We’re, Israel, Barak Ravid’s, Basem Naeim, “ Israel, ” Naeim Organizations: CNN, UN Security Council, Israel’s, US, United Nations, Security, UN, Twitter, National Security Locations: Israel, Gaza, Russia, China, Washington, Gaza’s, Rafah, , Doha
Truth Social owner Trump Media will begin trading Tuesday as the merger closesCNN —Investors have approved a deal on Friday to make Truth Social owner Trump Media a publicly traded company. The new company will be called Trump Media & Technology Group and trade under the ticker DJT, Trump’s initials. Shareholders voted to approve Trump Media’s merger with a blank-check company, following years of legal and regulatory obstacles. Trump will own a dominant stake in a public company, with shares worth more than $3 billion at current market prices. First, experts say the market is drastically overvaluing Trump Media based on the company’s fundamentals.
Persons: Donald Trump, Trump, Trump won’t, , Matthew Kennedy, Kennedy, Charles Whitehead, Jonathan Macey, Jay Ritter, Ritter, Whitehead, , Xavier Kowalski, Schulte Roth, Zabel, ” Banks, ” Whitehead, , Organizations: Social, Trump Media, CNN, Digital, Corp, Trump Media & Technology Group, Shareholders, Trump, Renaissance Capital, Cornell Law School, SEC, University of Florida, Locations: New, Manhattan, ” Yale
Eight analysts upgraded their target prices on two Canadian stocks in the past week, giving both more than 65% upside potential. Wedbush Securities analysts Gerald Pascarelli and Antoine Legault hiked their price target for the stock's U.S.-listed shares to $2.50, giving it an upside of 18%. Investment banks Beacon Securities and Alliance Global Partners are significantly more bullish on the stock, giving it upside of 110% and 75%, respectively. VerticleScope reported revenue of $17.9 million, compared to $16.6 million expected by analysts. However, analysts believe the worst is behind it, as all eight covering the stock raised their price targets after the company's earnings.
Persons: Gerald Pascarelli, Antoine Legault, Nick Anderson, MKM Roth, Anderson, Canaccord Genuity, Aravinda Galappatthige Organizations: CNBC, Cresco Labs, Wedbush Securities, Mar, Investment, Beacon Securities, Alliance Global Partners, Capital Markets, National Bank Financial Locations: Mar, U.S
How to avoid the 'survivor's penalty' before a spouse passes
  + stars: | 2024-03-18 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +4 min
Jessie Casson | Digitalvision | Getty ImagesIt's hard to lose a spouse, and a costly surprise makes it even more difficult, especially for older women — higher taxes. watch nowTypically, the surviving spouse inherits the deceased spouse's individual retirement accounts, and so-called required minimum distributions are about the same. But the surviving spouse now faces higher tax brackets, Gagliardi said. Spouses may consider partial Roth IRA conversions, which transfers part of pretax or nondeductible IRA funds to a Roth IRA for future tax-free growth, Jastrem said. Check investment accountsIt's always important to keep account ownership and beneficiaries updated, and failing to plan could be costly for the surviving spouse, Jastrem said.
Persons: Jessie Casson, Digitalvision, Edward Jastrem, , Donald Trump's, George Gagliardi, Gagliardi, Roth, Jastrem Organizations: Getty, Centers for Disease Control, Heritage Financial Services, CNBC, Coromandel Wealth Management, Wealth Locations: Westwood , Massachusetts, Lexington , Massachusetts
Investing without owningLike real-estate investment trusts (REITs), real-estate funds provide exposure to the tangible asset class without owning and managing property. Investing directly through a private real-estate fund would take a few extra steps. The process requires an investor to identify a real-estate fund of interest. Once that's completed, funds from the retirement account are directly transferred into the real-estate fund. It's also important to read the terms of each fund; some may have added costs for repairs, expenses, and maintenance, which your IRA funds would cover.
Persons: Paul Daneshrad, Daneshrad, He's, we're, Dow, there's, Roth, that's, Gary Diamond, Fishman, Diamond, It's Organizations: Starpoint, Business, Federal, CPA
I also invested my son's $15,000 inheritance and have taught him about finances. AdvertisementI come from a family where not only were we lower-middle class, but we didn't talk about money. I also started racking up a ton of debt in my 20s as I struggled with an alcohol and drug addiction. Fast forward to 2021, and I received an inheritance of $45,000 from my grandfather, who sadly passed away the previous winter. My son also received an inheritance of about $15,000, and he was 12 years old at the time.
Persons: , didn't, Ramit Sethi Organizations: Service, Netflix, YouTube Locations: America
First Ship Carrying Food Aid Arrives in Gaza
  + stars: | 2024-03-15 | by ( Anushka Patil | ) www.nytimes.com   time to read: +2 min
A humanitarian aid ship arrived on Friday in Gaza for the first time since the start of the war, a first step in a fledgling maritime operation to bring more aid to hungry Palestinians as aid groups say that Israel is restricting more efficient deliveries by road. Linda Roth, a spokeswoman for World Central Kitchen, said that the Open Arms had docked at a newly built jetty on the Gaza coast and that workers were beginning to move the food onto land. “For aid delivery at scale there is no meaningful substitute to the many land routes and entry points from Israel into Gaza,” two U.N. aid officials, Sigrid Kaag and Jorge Moreira da Silva, said in a statement this week. Still, they welcomed the opening of a maritime corridor, given how much more humanitarian assistance is needed in Gaza. Israel, which tightened an already restrictive blockade on Gaza after the Hamas-led Oct. 7 attack, has said throughout the war that it is committed to allowing as much aid into Gaza as possible.
Persons: Ursula von der Leyen, Linda Roth, Sigrid Kaag, Jorge Moreira da Silva Organizations: Arms, United Nations Locations: Gaza, Israel, Cyprus, Gaza . Israel
New York CNN —The average federal tax refund is more than $3,000, according to the latest data from the IRS. … They don’t understand how much interest they’re paying,” Russ said. Create or add to an emergency fundYou can use your refund to start or bolster an emergency fund. If you have high-rate debt and you’re lacking emergency savings, Russ suggested you might use a portion of your refund to attack your debt and the other portion to create an emergency fund. If you need the money within three years, you might consider putting your refund in certificates of deposits and US Treasury bonds.
Persons: you’re, , Eric Bronnenkant, Keyana Russ, ” Russ, Russ, Bronnenkant, Roth,  Bronnenkant, Charles Schwab, ” Bronnenkant Organizations: New, New York CNN, Ponds Financial, Invest, Roth IRA, Treasury Locations: New York, Ponds
@chefwillco My 6 to 1 grocery method makes shopping cheaper and easier! Let me know how you like this grocery shopping method. The benefits of the 6 to 1 methodColeman made a fresh cheddar apple Cobb salad using his grocery hack. And you can definitely make several meals out of four proteins,” Largeman-Roth said. How to make the 6 to 1 method work for youColeman created his hack to get control of his grocery budget.
Persons: Will Coleman, Coleman, “ You’re, @chefwillco, Will Coleman “, , he’s, Joe’s, Will Coleman Frances Largeman, Roth, Largeman, Eva Cruz, ” Largeman, , ” Peek, ” Coleman, Karla Walsh Organizations: CNN, Foods Locations: New York City, Dobbs, , New York, brussels, Des Moines , Iowa
Andrew Merry | Moment | Getty ImagesDETROIT — The buzz around electric vehicles is wearing off. U.S. EV sales were a record 1.2 million units last year, representing 7.6% of the overall national market, Cox Automotive estimates. "Moving on to less tech-savvy buyers will slow the EV market share growth over the next few years." Automakers wanted to emulate Tesla's success, with some promising to exclusively offer EVs in the not-too-distant future. "Toyota is almost completely absent from the [battery electric vehicle] market yet will gain more U.S. market share than any other car company this year.
Persons: hasn't, Andrew Merry, Aston Martin, Tesla, Elon Musk, Marin Gjaja, Ford, Pablo Di Si, Sam Fiorani, Romeo, Bentley, Mary Barra, there's, Cadillac, John Roth, We've, Gjaja, Jim Farley, Rebecca Cook, Oliver Blume, Akio Toyoda, Morgan Stanley, Adam Jonas, It's, Biden, Cox, Michelle Krebs, EVs, Trisha Jung Organizations: DETROIT, EV, Ford Motor, General Motors, Mercedes, Benz, Volkswagen, Jaguar, Rover, CNBC, GM, Hyundai Motor, Kia, Toyota Motor, VW, U.S, Cox Automotive, AutoForecast Solutions, Volvo, Buick, Cadillac, Honda, Ford Motor Co, Ford, Amperex Technology, Toyota, Cox, Tesla, Nissan, Nissan U.S, Environmental Protection Agency, Alliance for Automotive Innovation, American Automotive, Detroit automakers Locations: EVs, Europe, U.S, North America, Warren , Michigan, Detroit, Marshall , Michigan, Romulus , Michigan
New York CNN —Stella Artois, the nearly century-old brew, isn’t immune to the difficulties facing beer sales, so it’s drafting one of the world’s most recognizable personalities to help the lager return to its former glory: David Beckham. On Tuesday, the Anheuser-Busch InBev-owned brand introduced the former soccer superstar as the new face of its beer, naming Beckham as its “official ambassador” for Stella Artois. David Beckham is the new face of Stella Artois. Beckham joins fellow soccer superstar Lionel Messi in the A-B ambassador portfolio. “Beckham certainly gives Stella Artois the kind of top-tier recognition that A-B has historically leaned on to gain attention,” Sightline’s Roth said.
Persons: New York CNN — Stella Artois, David Beckham, Beckham, , Stella Artois, weren’t, Bump, it’s, ” Bryan Roth, Richard Oppy, Oppy, Victoria Beckham, David, ” Oppy, Matt Damon, Zoe Saldana, Lionel Messi, Bud Light, “ Beckham, ” Sightline’s Roth, , ” Roth, Messi “ Organizations: New, New York CNN, Anheuser, Busch InBev, Bump Williams Consulting, Feel Goods Company, CNN, InBev, Maserati, Wimbledon, Roland, Garros, Inter Miami CF, Major League Soccer, Bowl, North America, Bud Light Locations: New York, Europe, America
LOS ANGELES (AP) — There is a whole other show that happens offscreen at the Oscars that the home audience doesn't see on television. “It’s not OK, it’s bad, I’m going home.”GRETA GERWIG AND THE COSTUME DESIGNERSOut in the lobby Gerwig had a fan who wanted to talk to her about something very specific: Ann Roth’s ‘Barbie’ cameo. During the performance, the Dolby Theatre took on the feel of a Taylor Swift concert, with everyone in the room standing and breaking into spontaneous, joyous dance. And the biggest fan in the room was Gerwig, who was given her own personal Ken right up in her face. During the commercial break Mark Ronson found his way to Gerwig, Robbie and a crowd of admirers.
Persons: Martin Scorsese, Margot Robbie, Ryan Gosling, Carey Mulligan, Jimmy Kimmel’s, Marcus Mumford, Emma Stone, Jennifer Lawrence, Greta Gerwig beelined, Robbie, Joy Randolph, Mulligan, Mumford, EMMA, , attentively, Florence Pugh, Pugh, John Cena, , Stone, GRETA GERWIG, Gerwig, Ann Roth’s ‘ Barbie, Eduardo Castro, who’s, Roth, “ Barbie, Kimmel, She’s, Ma, ” Castro, Betty ”, ” Gerwig, Greta, Noah Baumbach, Gosling, Taylor, Ken, Mark Ronson, Ronson, Downey, Emily Blunt, chatted, Ball, Cord Jefferson, Kate McKinnon, Marlee Matlin, Steven Spielberg, Barbie ”, I’m Organizations: ANGELES, Associated Press, America, Dolby Theatre Locations: Gerwig
But aid officials say that air and sea deliveries can't make up for a shortage of supply routes on land. The daily number of aid trucks entering Gaza by land over the past five months has been far below the 500 that entered before the war. The Health Ministry in Gaza said that at least 31,045 Palestinians have been killed since the war began. Meanwhile, U.S. efforts began to set up the temporary pier in Gaza for sea deliveries. Israel declared war on Oct. 7 after Hamas militants killed about 1,200 people, mostly civilians, and took 250 hostages.
Persons: Joe Biden, Ramadan, Jordan, Israel, Linda Roth, Roth, Biden, Benjamin Netanyahu, Netanyahu, Relatives, Khan Younis, Frank S, Besson Organizations: Hamas, U.S . Army, airdrops, MSNBC, Health Ministry, Civil Defense Department, Associated Press, . Central Command, European Union, United Arab, European Locations: Israel, Palestinian, Rafah, Gaza, U.S, Cyprus, Larnaca, Gaza City, Deir, Khan, Virginia, European, United States, United Arab Emirates, Egypt, Qatar
After 65, you can use your HSA money to cover any expense without incurring a penalty, but the funds are subject to income tax. I happily used my HSA money to cover the $1,075 bill. An even smarter move would have been to invest my HSA funds (which I eventually did) and not touch them until age 65. I was relieved when Weiss told me that he also invests his HSA money in a retirement date fund. I asked about how often I should be transferring money from my cash account, where my HSA funds land automatically, to my investment account.
Persons: I've, Brent Weiss, Roth IRAs, HSAs, It's, Weiss, Max, don't, Kathleen Elkins, , I'm Organizations: Business, Vanguard, IRS Locations: That's, Epsom
In Israel’s nascent days, Prime Minister David Ben-Gurion agreed with Haredi rabbis to exempt from military service 400 men studying in religious schools, or yeshivas. Now, those piecemeal attempts to maintain the Haredi exemption may be running out. When the government came to power in late 2022, forming the most right-wing coalition in Israel’s history, the Haredim sensed an opportunity. The Israeli military has had a significant number of soldiers wounded in Gaza and has instituted massive call ups. It’s no longer just politics.”A delicate momentSome in the Haredi political leadership, perhaps recognizing the delicate political moment, have been generally cautious in defining a position.
Persons: Benjamin Netanyahu’s, ” Yohanan Plesner, David Ben, Gurion, Israel –, Haredim, Knessets, IDI, Yoav Gallant, , Netanyahu, – Benny Gantz, , ” Gantz, Plesner, ” Moshe Roth, Ofer Shelah, Yitzhak Goldknopf, Ari Kalman, , doesn’t, Bnei Brak, Roth, Nechemia, it’s, It’s Organizations: CNN, Israel Democracy Institute, IDI, Israel’s, Institute for National Security Studies Locations: Israel, United States, United Kingdom, Gali Baharav, Gaza, Bnei
CNN —Two police stations near Haiti’s National Palace were attacked by armed individuals Friday night, as gang violence in the Caribbean nation’s capital of Port-au-Prince continued to spiral. Armed groups have burned down police stations and released thousands of inmates from two prisons, and Cherizier has warned of “a civil war that will end in genocide” if the prime minister does not step down. A woman cries as she walks near her husband's shop that armed gang members set fire to in Port-au-Prince, Haiti, March 7, 2024. Haiti is a member state, but it is unclear if Haitian Prime Minister Ariel Henry will be at the meeting. CNN has reached out to the Haitian prime minister’s office for comment.
Persons: Prince, Jimmy Cherizier, Ariel Henry’s, Cherizier, Henry, Synapoha, ” Stephane Dujarric, Clarens Siffroy, Sophie Mealier, Pierre Espérance, Ariel Henry, Jim Rogers, Rafy Rivera, Michael Conte, Abel Alvarado Organizations: CNN, Kenya, Kenyan, Haitian, Port, Caribbean Port Services, UN, Getty, Haitian Human Rights Defense Network, CARICOM, Caribbean Locations: Haiti’s, Caribbean, Port, Puerto Rico, Dominican Republic, Prince, Haiti, AFP, Region, Prince’s, Canada, Kingston
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