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The typical age of a first-time homebuyer in the US has reached an all-time high: 38. First-time buyers make up 24% of all buyers, the lowest level since NAR started tracking in 1981. The changing characteristics of the typical first-time homebuyer in America are proof of the strain. The typical first-time buyer now has a median age of 38 — up from 35 in 2023. The typical first-time homebuyer is richer than ever, too.
Persons: It's, , — Gen Zers, millennials, haven't, Jorge Argota, Argota, He's Organizations: National Association of Realtors, Service, NAR Locations: America, Miami, Florida
Russian President Vladimir Putin is engaging in a war of attrition in Ukraine. AdvertisementKamala Harris and Donald Trump have starkly different visions of how they'll seek to end one of the gravest security crises in recent decades: the Ukraine war. North Korea is also believed to have sent thousands of troops to aid Russia in its war against Ukraine, per officials from South Korea, Ukraine, and the US. It's a war Putin has staked Russia's economic future on, underlining the importance of victory for the Russian leader. China is observing the Ukraine conflict closely as it weighs whether to launch an invasion of US-ally Taiwan.
Persons: Vladimir Putin, , Kamala Harris, Donald Trump, Harris, Joe Biden, Trump, Putin, Oleksandr Lytvynenko, Robert Dover, Mikhail Svetlov, he's, Biden, JD Vance, Paul Cormarie, it's, Alexander Mertens, Taiwan, Dover, Jonathan Ward, Peter Schroeder, Schroeder Organizations: Service, National Security Council, Ukraine, Intelligence, National Security, University of Hull, UK, Business, Trump, Russia, NATO, RAND, Anadolu, Getty, Allies, Hudson Institute, BI, National Intelligence Council, Foreign Relations Locations: Ukraine, Russia, Ukraine Russia, Korea, South Korea, Helsinki, Ukrainian, Europe, Washington, Moscow, It's, China, India, Dover, Taiwan, United States, Asia, Eurasia
But, in hindsight, I wish I'd dropped out just to save myself on my now-mounting debt. Since then, nobody has asked me about my college degree. AdvertisementI believe my best — and safest — bet would have been to switch to an online degree when the pandemic first hit. It just goes to show that sometimes, a bit of risk-taking can pay off; I wish I'd been bolder. I'll definitely chalk up my university experience as "You live, and you learn" territory; I still really enjoyed aspects of my college experience.
Persons: , I'd, I'm, I've, Little, it's Organizations: Service, Citadel
One way to address election anxiety is to talk about the political system and encourage long-term engagement. Kids as young as 3 can pick up on political divides, Magavi says, so it's important to facilitate open conversation. Brescher Shea teaches her own sons, 4 and 7, how to be engaged citizens by writing to lawmakers, attending rallies, and, of course, thinking about voting. "When talking to kids about politics, we need to be realistic without being depressing," said Brescher Shea. Advertisement"It's important to make sure that we don't place all of our hopes and dreams on the election," Brescher Shea said.
Persons: , Leela Magavi, Magavi, Shannon Brescher Shea, Brescher Shea, Lydia Elle, Elle Organizations: Service Locations: California
The New York Times' tech workers went on strike, risking disrupting the Times during the election. AdvertisementThe New York Times' tech workers went on strike Monday morning, threatening to disrupt the publication's operation during the presidential election and its aftermath. The Tech Guild, which represents workers like software developers and data analysts, said members would be picketing outside the Times' New York City headquarters. The Times Guild, which represents non-tech workers, called on Times management to complete a deal by Election Day. It's represented by the NewsGuild of New York, which also represents more than 1,400 newsroom and business employees via The New York Times Guild.
Persons: , It's, Sulzberger Organizations: New York Times, Tech, Times, Service, Tech Guild, The Tech Guild, Company, New York Times Guild, Business, The Times, Co Locations: New York City, New York
The Fed is going to cut interest rates by 50 basis points in December, Citi economist Veronica Clark said. Labor market weakness is showing across a number of data points, she said. According to Veronica Clark, deteriorating labor dynamics will force the central bank to cut rates by 50 basis points in December. Her point has grown more evident after October's jobs report underwhelmed expectations with only 12,000 jobs added. AdvertisementThough October's unemployment rate stayed unchanged on a rounded basis, Clark noted that it was it nearly rounded to 4.2%.
Persons: Veronica Clark, It's, Clark, , Reserve isn't Organizations: Citi, Labor, Service, Reserve, Bloomberg
Ukraine is facing a grim outlook along sectors of the front, especially in the east. AdvertisementRussia's grinding offensive operations have been gaining momentum in eastern Ukraine as challenges for the defenders mount. Ukraine's shocking invasion of Russia's Kursk region briefly took the focus off the fighting in the Donbas, but now Ukraine is losing ground both inside Russia and at home. Ukraine faces severe manpower shortages as its forces are stretched line across the front lines. Despite heavy losses, Russia has continued its momentum on Ukraine's eastern front.
Persons: Kyiv's, it's, , Ukrainian Armed Forces Oleksandr Syrskyi, YASUYOSHI CHIBA, Patrick Ryder, Michael Kofman, Jack Watling, Watling, Serhii Mykhalchuk, what's, Kofman, Trump, Mario Tama, Donald Trump, Kamala Harris, Harris, she'd, Ukraine's Organizations: Service, Ukrainian Armed Forces, Getty, Pentagon, Ukraine Russia's, Carnegie Endowment, International Peace, Royal United Services Institute, Foreign Affairs, Russian Defense Ministry Press Service, AP, Ukrainian National Security and Defense Council, Ukrainian Air Force, New York Times, Kyiv, Republicans Locations: Ukraine, Russia, Russia's Kursk, Donetsk, AFP, Kursk, Washington, Kyiv
I tried and ranked five plain bagels from different grocery stores to find the best one. Trader Joe's plain bagels left much to be desired, and the L'Oven Fresh version was just OK. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . To eliminate as many variables as possible, I opted for plain bagels and topped them all with a layer of the same variety of whipped cream cheese.
Persons: , Joe's Organizations: Kirkland, Service, Yorker, Costco, Foods Locations: Aldi
Schonfeld is up by 15.5% for the year in its flagship fund. They said the flagship fund had been up in 17 of the past 18 months. AdvertisementOctober was a strong month generally for the large multistrategy managers that have dominated industry headlines in recent years. Ken Griffin's Citadel was up by 1.2% last month in the firm's flagship Wellington fund, a person close to the Miami-based fund told Business Insider. AdvertisementMillennium, meanwhile, made 0.4% last month, pushing its annual return to 10%, a person close to Izzy Englander's firm said.
Persons: Schonfeld, , Ken Griffin's, Izzy Englander's Organizations: Citadel, Service, Schonfeld Strategic Advisors, Partners, Equity, Microsoft, Business, Ken Griffin's Citadel Locations: York, Wellington, Miami
I'm a solo traveler who's been to every US state and national park. The beauty of Glacier National Park has brought me to tears on several occasions. I've also loved traveling to gorgeous places like Grand Teton National Park and Sedona, Arizona. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . As I started to travel more in my 30s, eventually to all 50 states and 63 major United States national parks, I found that not only did they all exist, but that there was an almost never-ending list of beautiful places.
Persons: I'm, who's, I've, Organizations: Service, United Locations: Park, Sedona , Arizona, Midwest, United States
The fine points to a Russian legal system focused more on symbolic punishment than enforcement. All the same, that is what a Russian court maintains the company owes, as punishment for suspending accounts from YouTube. Related storiesLegal experts told Business Insider what it symbolizes is a Russian legal and economic system estranged from much of the world. AdvertisementRussia has effectively annulled intellectual property rights, enabling its companies to freely use patents and designs from Western companies. The scholars BI spoke to did not expect any other nation's court to try to enforce the Google fine.
Persons: , Dmitri Peskov, Tyler Kustra, Kustra, Heineken, Christine Abely, Abely, Nathanael Tilahun, hasn't, Oleksandra, Snellman Organizations: YouTube, Google, Service, UK's University of Nottingham, Deutsche Bank, Commerzbank, New England Law, University of Essex, Bloomberg Locations: Russian, Russia, Ukraine, Dutch, Hong Kong , South Africa, Netherlands
Ryanair, Europe's biggest airline, repeatedly criticized Boeing in its latest earnings report. The airline said that this increase came "despite repeated Boeing delivery delays." Related Video"Many customers are switching to Ryanair for our lower air fares," Ryanair's CEO Michael O'Leary said. Ryanair CEO Michael O'Leary has been one of Boeing's harshest critics in recent months. Related stories"While we continue to work with Boeing leadership to accelerate aircraft deliveries ahead of peak S.25, the risk of further delivery delays remains high," the CEO added.
Persons: , Michael O'Leary, O'Leary, Yves Herman Ryanair, machinists, Kelly Ortberg, Tim Clark, Scott Kirby Organizations: Ryanair, Europe's, Boeing, Service, REUTERS, Alaska Airlines, Emirates, United Airlines Locations: Alaska
Yet it's precisely butter that's been a headache for Russia, with a 25.7% price increase this year. "There is a well-known phrase: guns instead of butter," Putin said last February. By the end of October, the price of butter in Russia was up 25.7% compared to December 2023, per government statistics. Why butter prices are on the riseA week before that meeting, the same union said the country wasn't experiencing a butter shortage, but added that about 25% of local butter consumption comes from foreign suppliers. AdvertisementAnother major dairy supplier complying with wartime sanctions, New Zealand, sold $88.8 million worth of butter to Russia yearly before the invasion began.
Persons: Putin, , Vladimir Putin Organizations: Service, MMI, Gazeta, United Arab Emirates Locations: Ukraine, Russia, Russian, Moscow, Latin America, New Zealand, Turkey
Who Wall Street thinks will win the election
  + stars: | 2024-11-04 | by ( Bradley Saacks | ) www.businessinsider.com   time to read: +3 min
A survey of 119 investors found that 53% think former president Donald Trump will defeat Kamala Harris. Investors believe fossil fuel and industrial companies should do well under Trump, the survey said. AdvertisementMany of the bigwigs of finance have picked their sides, but Wall Street seems to believe one candidate has the upper hand in this year's presidential election. Betting markets have leaned toward former President Donald Trump, and the financial markets have already priced in a Trump win, according to billionaire investor Stan Druckenmiller. One of the world's most accurate economists, Christophe Barraud, for instance, is putting his credibility on the line for a Trump win.
Persons: Donald Trump, Kamala Harris, Stanley Druckenmiller, , Stan Druckenmiller, Emmanuel Cau, Trump, SumZero, Divya Narendra, Ken Griffin, Griffin, Druckenmiller, Hillary Clinton, Elon Musk, Christophe Barraud Organizations: Investors, Trump, Republican, Service, Barclays London, Billionaire Citadel, Future Investment Initiative, Tesla Locations: Saudi Arabia, Riyadh
But she realized her job wasn't making her happy and became a "quiet quitter." AdvertisementThis as-told-to essay is based on a transcribed conversation with Heather Doran, a 43-year-old in Mississippi, about "quiet quitting" at work. Roughly three years into the role, I started "quiet quitting." But "quiet quitting" is about going back to just doing the job we were hired to do, which isn't lazy. AdvertisementDo you have a "quiet quitting" story you want to share with Business Insider?
Persons: Heather Doran, she'd, , We're, We'll, I'd Organizations: Service, Business Locations: Mississippi, South Carolina, I've
Some luxury travel agencies and tour operators say they've seen an uptick in travelers booking luxury safaris. She's not alone — as of late, a growing number of travelers have been itching to go on a luxurious African safari, too. Micato SafarisLuxury tour operator Abercrombie and Kent's African safaris have always been among its best-selling vacations, the company told BI in an email. AdvertisementSome luxury travel agencies are noticing it, tooLuxury travel agency Indagare told BI in an email that safari bookings are "trending upward. AdvertisementWith such prices, some travelers might consider luxury safaris a once-in-a-lifetime experience.
Persons: , Sophie Serrano, Serrano, " Serrano, She's, Abercrombie, buffalos —, Dennis Pinto, Safaris, Micato, Pinto, Richard Waite, Oprah, Ellen DeGeneres, — Singita, Singita, Melissa Krueger, Indagare, Scott Dunn, Julie Durso, Jackie Roth, Sophie Serrano Misty Belles, Take Serrano, Isabella John Organizations: Service, Micato's, Scott Dunn Private, Nomad, Kruger Locations: Zanzibar, Africa, Kenya, Tanzania, Rwanda, Tanzania's, Botswana, South, Umlani's
Has Elon Musk's $1M-a-day "lottery" distributed these windfalls, or only "big cardboard checks?" That was a question raised in court Monday by a lawyer for the Philadelphia DA, who is suing Musk. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "He was the one who presented the checks, albeit large cardboard checks," Gober said of Musk. Musk's lawyers did not address on Monday whether anyone promised a $1 million check has actually received $1 million.
Persons: Musk, , Elon, they've, John S, Summers, Angelo Foglietta, Gober, Elon Musk, Larry Krasner, Chris Gober, Krasner, he's, Taylor Swift, I've Organizations: Elon, Philadelphia DA, Service, Elon Musk's, Democratic, Musk's, PAC, Musk, America PAC, Democrat, SpaceX Locations: Philadelphia's, Pennsylvania, Philadelphia , Pennsylvania, Philadelphia County
The Polymarket "whale" betting on a Trump win had about $3 million in unrealized losses Monday morning. The person controls a significant portion of contracts tied to a Trump win, with about $30 million wagered. AdvertisementThe "whale" placing big bets on Polymarket for Doland Trump to win the presidential election is in the red after betting odds shifted toward Kamala Harris' over the weekend. The Polymarket whale had unrealized gains of about $10 million toward the end of October before Trump's betting odds began to sink. According to data from Polymarket, Théo controls about 25% of the contracts for Trump to win the Electoral College and more than 40% of the contracts for Trump to win the popular vote.
Persons: bettor, , Doland Trump, Kamala Harris, Théo, Harris, he'd, Trump Organizations: Trump, Service, Business, Iowa, Wall Street, Electoral College Locations: Polymarket, France
Chloë Grace Moretz opened up about her sexuality as she endorsed Kamala Harris. "I believe in the need for legal protections that protects the LGBTQ+ community as a gay woman," Moretz said. AdvertisementChloë Grace Moretz opened up about her sexuality in an Instagram post in which she endorsed Kamala Harris ahead of Tuesday's presidential election. "I voted early and I voted for Kamala Harris. "We need protections in this country and to have access to the care we need and deserve."
Persons: Chloë Grace Moretz, Kamala Harris, Moretz, Harris, , Grace Moretz, Carrie, Kate Harrison, Brooklyn Beckham, Victoria Beckham, David Beckham, Tim Walz, Matthew Hatcher Organizations: Service, Democratic, Getty, Minnesota Gov Locations: San Francisco, California
Megan Smyth, a 35-year-old mom, has been a single mom to triplets for 18 months. AdvertisementThis as-told-to essay is based on a conversation with Megan Smyth, mom to 3-year-old triplets. Eighteen months ago, I became the sole parent of three identical triplet toddlers — something I never thought I would say. They know to put their dirty clothes in the washing basket and washing machine. Nothing can ever prepare you for having triplets or for being the sole parent of them.
Persons: Megan Smyth, , it's, I've, They'll, It's Organizations: Service, Facebook
Here are 39 quality economically sensitive stocks to buy, according to Morgan Stanley. Economically sensitive stocks, including financials and industrials, took off in anticipation of that result and caught fire after it became official. Several parts of the stock market seem to be preparing for another Trump presidency, according to Morgan Stanley. "Markets generally welcomed a reflationary playbook in 2016," Wilson wrote. AdvertisementRegardless of who's in office, Morgan Stanley outlined a list of 39 economically sensitive stocks that should do well.
Persons: Donald Trump, Morgan Stanley, , Trump, Kamala Harris, It's, Harris, Mike Wilson, Wilson, that's, it's Organizations: Service, Trump, Consumer, Federal Reserve Bank of St, Louis Locations: Financials
The United States is preparing for civil unrest surrounding the election. Election Day itself isn't as high of a risk as the postelection period, analysts say. AdvertisementThe turmoil that took place after the last US presidential election has left its mark. In the final stretch before Election Day, it seems like everyone — from voter advocacy groups and election officials to risk management and security companies — is preparing for civil unrest. The company said the peaceful 2022 midterm elections showed that the threat of civil violence remained comparatively low.
Persons: midterms, , Kamala Harris, Donald Trump, Glen, Kucera, Rachel Brown, Brown, Jenny Kane, Chris Crawford, Verisk, Maplecroft, Robert Munks, Munks, Trump, Harris Organizations: Service, Allied Universal, National Task Force, Protect Democracy, United Locations: States, Washington and Oregon, Clark County , Washington, Portland , Oregon, Portland, United States, Brazil, Colombia, Chile, South Africa, France, Greece, Spain, Europe, New York, Los Angeles, Chicago, Houston, Americas
When I was younger, I didn't understand or appreciate my parents paying my college tuition. My son pays his tuition first with his saved money, and I pay him back if he gets good grades. Related Video Supreme Court strikes down Biden's student-debt relief planThe tuition payment plan is simpleMy kids must save and then pay for their classes each semester. If they don't get at least a B, they don't get the money back, so there's no money for the next semester. AdvertisementIt's working for my oldest son so farMy son began his first semester in August.
Persons: , It'll, We've, freaked, He's, he's Organizations: Service
It has nine intakes of 20 cadets this year for its Airline Transport Pilots Licence (ATPL) course that costs £105,500 ($136,000). It acquired another site in Vero Beach, Florida, where UK cadets spend six months of their course. Related Video Why flying is so terrible even though airlines spend billionsBooth says airlines are "very much knocking on our door" as they look to recruit new pilots. Skyborne cadets and British Airways CEO Sean Doyle at this year's Farnborough Airshow. Courtesy of British AirwaysLife at SkyborneWhen a new course starts at Skyborne, cadets move into the academy's accommodation in nearby Cheltenham.
Persons: , Carla Booth, Booth, Oliver Wyman, Skyborne, Sean Doyle, Vicky Harriss, Libby Roebuck, Roebuck, There's, she's, I've, Harriss, Diamond, Pete Syme, They've Organizations: Business, Service, Gloucestershire, Airline, Delta Air Lines, British Airways, Speedbird, Academy, BI, TUI Airways, International Civil Aviation Organization, Airlines, Cadets, Piper, Boeing, Max, Airbus Locations: Florida, India, England, Vero Beach , Florida, America, Farnborough, Skyborne, Cheltenham, TUI
College student Rebecca Bergmaier worked at the Grand Canyon while managing a remote internship. Bergmaier said she'd recommend working in a national park for the summer to other college students. I was looking for something in my dream park, Yellowstone National Park, which I hadn't been to yet. I would just set up my computer and do my internship work from there. I would definitely recommend other students look into spending a summer at national park.
Persons: Rebecca Bergmaier, Bergmaier, she'd, , You'd, I'd, There's, It's, it's Organizations: Service, Temple University, Xanterra Locations: Philadelphia, Pennsylvania, Yellowstone, Niagara, Arizona, Sedona, There's, East Coast
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