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☆ Stock market rally will be put to test in week ahead, after yields fall and tech surges
▼ + stars: | 2022-11-11 | by ( Patti Domm | In | ) www.cnbc.com time to read: +10 min

This week, bond yields also came off their highs and were sharply lower, paving the way for gains in tech and growth shares. They include Fed Vice Chair Lael Brainard, New York Fed President John Williams and Minneapolis Fed President Neel Kashkari to name a few. Hogan said that group includes Bullard, Brainard and San Francisco Fed President Mary Daly. Many strategists are calling the move higher a bear market rally, and some expect it will fizzle in December while others say it could continue into the new year. Friday Earnings: JD.com, Foot Locker, Buckle 8:40 a.m. Boston Fed President Susan Collins 10:00 a.m.

Refinancing your federal student loans with a private lender makes you ineligible for the Public Service Loan Forgiveness program. You will also lose access to income-driven repayment plans and economic hardship forbearance by refinancing your federal student loans. There are three reasons she decided to skip PSLF altogether and pay off her student loans on her own. Micah didn't want to go through 10 years of service and paperwork just to be denied at the end. She waited to finish paying off her undergraduate student loans before going to grad school at Columbia.

☆ After student loan forgiveness, 73% of borrowers plan to spend more on travel and dining out
▼ + stars: | 2022-11-09 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +2 min

Any day now, federal student loan borrowers throughout the U.S. could see their balances reduced by up to $20,000 thanks to President Biden's student debt forgiveness plan. But some borrowers plan to spend the money more freely. In fact, 73% of anticipated recipients say they expect to spend their debt forgiveness on non-essential items, including travel, dining out and new tech, according to a recent survey from Intelligent.com. The same percentage of recipients — 73% — say using debt forgiveness funds on non-essentials isn't the right thing to do. The sames goes for many of those waiting for debt forgiveness.

☆ Op-ed: What Elon Musk really gets out of owning Twitter
▼ + stars: | 2022-11-03 | by ( Matt Rosoff | ) www.cnbc.com time to read: +6 min

As the owner of Twitter, Musk now controls a platform that has mounds of data about the connections among its users, their interactions, their interests and so on. Most important, by owning Twitter, Musk expands his reach far beyond his own fanbase. Musk has hinted at this in his statements about Twitter as a bastion of free speech. But so far, Musk seems to equate "free speech" on Twitter with "looser moderation." During his first weekend owning the service, Musk responded to Hillary Clinton by tweeting an unfounded, anti-LGBTQ conspiracy theory about the attack on House Speaker Nancy Pelosi's husband.

[1/3] Police officers stand guard near the scene of a crowd crush that happened during Halloween festivities, in Seoul, South Korea, November 2, 2022. REUTERS/Heo RanSEOUL, Nov 2 (Reuters) - As South Korea mourns the deaths of more than 150 people in a Halloween party crush, many people - even those not directly involved - are dealing with trauma and a search for answers that has at times blamed the victims, a psychiatry expert says. "It spread very quickly through news media and social media, leaving people directly and indirectly affected, and even those who aren't affected may feel distressed and frustrated, pretty much casting a sense of dread over the entire society," he said. The government sent a mobile clinic run by the National Center for Disaster Trauma to Itaewon, offering free counselling. "For example, when we had COVID-19 cases the first time in South Korea, there were a lot of blaming reactions like 'why did you go there?

☆ Nobody's paying attention to Meta's investments in artificial intelligence, says Morris Mark
▼ + stars: | 2022-10-25 | 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 EmailNobody's paying attention to Meta's investments in artificial intelligence, says Morris MarkMorris Mark, Mark Asset Management founder and managing partner, joins 'TechCheck' to discuss his sense of where Mark Zuckerberg has Meta right now, why he has little near-term confidence in Meta and more.

☆ Longtime Trump aide Hope Hicks, who told the embattled former president he lost the 2020 election, is testifying to the Jan. 6 select committee today: report
▼ + stars: | 2022-10-25 | by ( Warren Rojas | ) www.businessinsider.com time to read: +2 min

Former Trump White House spokeswoman Hope Hicks is testifying privately to the Jan. 6 committee. Hicks reportedly told Trump he'd lost the 2020 election and did not work on overturning the results. Staff for the select committee declined to comment on Hicks' anticipated appearance. She told Trump that he'd lost and "nobody's convinced me otherwise," according to internal deliberations highlighted in the Trump-centric tome "The Divider: Trump in the White House, 2017-2021." The former president called former Trump White House aide Alyssa Farah an "inglorious lightweight" after Farah told CNN that Trump had privately acknowledged losing the election.

☆ Recent earnings reports show the Fed is finally making progress tamping down inflation, Cramer says
▼ + stars: | 2022-10-20 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Thursday told investors that the market is finally seeing signs that the Federal Reserve is succeeding in its fight against inflation. "We're now finally getting progress in the war on inflation and progress is this market's most important product," he said. Stocks fell for the second consecutive day on mixed earnings reports that kept the market from reviving its rallies from earlier in the week. Here are some examples:"The important thing is freight rates keep coming down, which means the Fed's making progress in its war on inflation," Cramer said. He added that it's only a matter of time before wage inflation, a huge headwind for the Fed, comes down.

☆ Trump boasted that he was much tougher than Clinton and Nixon when they faced their impeachments, newly released audio shows
▼ + stars: | 2022-10-19 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

In one audio recording, Trump bragged that he was the toughest president to face impeachment. Bill Clinton took it very, very hard," Trump said. CNN obtained audio files from veteran journalist Bob Woodward's conversations with Trump, during which Trump compared his own impeachment to former presidents Richard Nixon and Bill Clinton. Woodward is releasing the audio in his upcoming audiobook, "The Trump Tapes: Bob Woodward's Twenty Interviews with President Trump." Bill Clinton took it very, very hard," Trump added.

☆ Jim Cramer makes the bull case for consumer goods stocks
▼ + stars: | 2022-10-19 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Wednesday told investors to consider adding shares of well-established consumer packaged-goods companies to their portfolios. "Nobody's championing what actually works: these old-line consumer packaged-goods names that we all know," he said. Cramer highlighted three companies' most recent quarterly results as examples of why investors should have such stocks on their shopping lists:"I bet we get something similar from Bristol-Myers , Coca-Cola and Eli Lilly [when they report earnings]," he said. Cramer also reiterated two points that he's made throughout this year: invest in boring companies with solid balance sheets and avoid money-losing companies that will likely struggle in a recessionary environment. Disclaimer: Cramer's Charitable Trust owns shares of Procter & Gamble, Johnson & Johnson and Eli Lilly.

☆ Meta has burned $15 billion trying to build the metaverse — and nobody's saying exactly where the money went
▼ + stars: | 2022-10-13 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +3 min

Meta has sunk more than $15 billion into its metaverse project since the start of last year. Some experts expressed disappointment in updates Meta provided earlier this week and thought the technology would be farther along. Meta declined to provide a comment for this story, but a spokesperson for the company said that Meta doesn't break out the financial details for its Reality Labs segment. Zgutowicz pointed out that Meta has legitimate reasons for trying to build everything themselves, though. To be sure, Meta is not the only company that has declined to itemize certain losses, which is standard practice in Corporate America.

☆ I'm an Upper West Side personal trainer who charges $140 an hour. I make my own hours and love my flexible schedule — here's what my days are like.
▼ + stars: | 2022-10-05 | by ( Gabriela De Camargo Gonçalves | ) www.businessinsider.com time to read: +5 min

Penny Smart is a personal trainer who owns a gym on the Upper West Side of Manhattan, New York. The current location of Dakota Personal Training and Pilates, which is my third gym, is very near Central Park on the Upper West Side. Number two would be to start at a commercial gym because that's where you could gain experience and get referrals. I'd only been on staff as a trainer for one year at a commercial gym before I became an independent trainer. From that point on I rented space at the training gym that I eventually bought from the owner.

☆ There's overwhelming support for an age limit on the president and Congress. Here's why that won't happen anytime soon.
▼ + stars: | 2022-09-26 | by ( Bryan Metzger | Brent D. Griffiths | ) www.businessinsider.com time to read: +21 min

Some have proposed age limits for elected officials amid concerns about America's gerontocracy. The history of the contemporary movement for term limits largely dates back to the early 1990s, when dozens of states enacted term limits not just for their own legislatures but for their federal representatives in Washington. "Put it this way: I'm a little more interested in term limits than age limits," Democratic Rep. Jamie Raskin of Maryland told Insider. "There's a logic to term limits, because the principle of democracy is taking turns," Raskin, 59, said. "If there were to be term limits, the legislature certainly should have more terms than the executive," he offered.

☆ Why Apple, Google and Microsoft are spending more time on TikTok
▼ + stars: | 2022-09-21 | by ( Mikaela Cohen | ) www.cnbc.com time to read: +7 min

ReutersThe explosion of TikTok's popularity has pushed the app into the biggest technology companies' focus. Google, Apple and Microsoft all have TikTok accounts, with over 8.5 million likes between the three. While Apple has more than 1.3 million fans on the platform, Google and Microsoft have 403,000 and 143,000, respectively. Big tech companies are finding success on TikTok by not only creating personable content, but by creating content that follows trends already on TikTok — often related to corporate humor and professional advice. While more users are flocking to TikTok, Easter said big tech firms could miss out if they don't invest in content creation.

☆ WNBA players skipping Russia, choosing other places to play
▼ + stars: | 2022-09-20 | by ( ) www.cnbc.com time to read: +4 min

Brittney Griner's highly publicized legal woes in Russia and the country's invasion of Ukraine has the top WNBA players opting to take their talents elsewhere this offseason. For the past few decades, Russia has been the preferred offseason destination for WNBA players to compete because of the high salaries that can exceed $1 million and the resources and amenities teams offered them. Nearly a dozen WNBA players competed in Russia last winter and none of them are heading back this year. Like Stewart, Vandersloot also isn't headed back to Russia, choosing to play in Hungary where she obtained citizenship in 2016. The Griner situation also is weighing heavily on the minds of young WNBA players.

☆ Hope Hicks told Donald Trump he lost the 2020 election and that 'nobody's convinced me otherwise," book says
▼ + stars: | 2022-09-19 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +3 min

Longtime Trump aide Hope Hicks didn't buy into his false claims that he won the 2020 election. She told him to move on, according to the book "The Divider: Trump in the White House, 2017-2021." Hicks told Trump it was time to move on, according to the book set to publish Tuesday. Once, the authors wrote, when seeing Biden on television, he said, "'Can you believe I lost to this fucking guy?'" "'Obviously, I support you, but I can't help you on that,'" Kushner told Trump, as he related the story to another Republican at the time," the authors wrote.

☆ Housing prices have hit a 30-year high, but don't expect Congress to help anytime soon
▼ + stars: | 2022-09-17 | by ( Joseph Zeballos-Roig | Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

It seems unlikely that Congress will step in anytime soon to provide housing relief for Americans. But that was only a brief reprieve from a housing market crisis brewing in the US for decades. Soaring housing and rent prices made up a large portion of the increases in the latest inflation report released on Tuesday. "There's all this chaos in the housing market," Williams said. "The combination of higher mortgage rates and the slowdown in economic growth is weighing on the housing market," Sam Khater, Freddie Mac's chief economist, told Insider.

☆ Biden White House just put out a framework on regulating crypto — here’s what’s in it
▼ + stars: | 2022-09-16 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

U.S. President Joe Biden walks from Marine One to the White House following a trip from Michigan, in Washington, U.S., September 14, 2022. Here are some of the key takeaways from the White House's new crypto framework. Fighting illicit financeOne section of the White House's new framework on crypto regulation focuses on eliminating illegal activity in the industry — and the measures proposed appear to have real teeth. Crime is rife in the digital asset sector. Then there's the hypothetical digital dollar that would be the Federal Reserve's take on a CBDC.

But the company was recently found liable for using songs in TikTok videos without a license. But over the last year, the company has been embroiled in a lawsuit around its use of music in TikTok videos. The early days of companies blindly jumping into TikTok music trends are over. The takeaway, Elton said, is that this lawsuit should never have happened: "Bang Energy should have known better." "With a few simple inquiries, they could have easily found out that the TikTok music licensing model would not cover their intended use of the music."

☆ A weird evolutionary quirk in the human eye could be what saves us from climate change
▼ + stars: | 2022-07-19 | by ( Adam Rogers | ) www.businessinsider.com time to read: +8 min

The difference: climate change, our dunderheaded anti-terraforming of Earth. Climate change has been going on for a century and a half. Then that derecho — souped up by an atmosphere pumped full of heat energy, thanks to climate change — swept across South Dakota. In the US, only young people and those who identify as Democrats think dealing with climate change should be a top priority, according to surveys from Pew Research. About half of Americans think humans are only partially responsible for climate change, or not responsible at all.

☆ 'Crazy stuff is happening at my work': Silicon Valley engineers are really freaking out right now
▼ + stars: | 2022-06-01 | by ( Adam Rogers | ) www.businessinsider.com time to read: +11 min

Silicon Valley, perhaps even more than the rest of corporate America, has long been engaged in a two-sided battle over the pursuit of happiness. In the Silicon Valley that emerges on Blind, the engineers who strive for work-life balance are just as burned out as the late-night grinders. But Silicon Valley has always overindexed for Optimizers. If this is Silicon Valley today, nobody's happy, and everybody's burnt. Stereotypically, Silicon Valley engineers are grinders.

☆ Actually, permanent daylight-saving time is a terrible idea
▼ + stars: | 2022-03-16 | by ( Josh Barro | ) www.businessinsider.com time to read: +6 min

Marco Rubio leads a group of senators who want to impose daylight-saving time all year. It's almost that time again: On Sunday, we will turn the clocks forward one hour due to the arrival of spring. This leaves daylight hours available after school and work to the extent that is possible at a time of year based on the earth's axial tilt. Normal people find daylight hours after work more useful than daylight hours before work. Coordinating a schedule shift to harness the benefit of those July daylight hours would be just as challenging as coordinating one to stop school from starting in darkness in December under permanent daylight saving.

☆ Congress needs to stop day trading, says Senator Mark Warner, a former VC and entrepreneur
▼ + stars: | 2022-01-14 | by ( Alex Kantrowitz | Big Technology | ) www.businessinsider.com time to read: +7 min

Virginia Sen. Mark Warner says members of Congress shouldn't be allowed to trade individual stocks. "The ability to trade, and particularly on a day trade basis, even if you're not doing anything wrong, it looks bad," said Sen. Warner. Nancy Pelosi's argument for allowing stock trading is that federal representatives should not be restricted from participating in the economy. His transactions took place just a week before the House Judiciary Committee advanced its slew of antitrust bills aimed at Big Tech. As he leaned back in his chair in his Washington DC office, Sen. Warner, a seasoned investor, brought the point home.

☆ The founder of $2.8 billion Getir explains why investors hope to find the next Uber among 10-minute grocery apps
▼ + stars: | 2021-05-01 | by ( Shona Ghosh | ) www.businessinsider.com time to read: +10 min

Turkey's Getir recently hit an eye-watering $2.8 billion valuation for its grocery delivery service. The hot new consumer trend for venture capital investors is grocery apps that promise deliveries in as little as 10 minutes. Turkish grocery delivery app Getir bills itself as the original gangster. The amounts of cash flooding into the sector and the accompanying valuations are puzzling, given that grocery delivery is famously low margin. Insider: Running a grocery business is quite different to ride hailing.

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