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☆ Biden secures Democratic nomination with majority of delegates, NBC News projects
▼ + stars: | 2024-03-12 | by ( Peter Nicholas | ) www.cnbc.com time to read: +5 min

President Joe Biden clinched the Democratic presidential nomination Tuesday, NBC News projects, winning a majority of the necessary delegates and setting up what is expected to be a bitter, closely contested rematch with Donald Trump. By clearing the field for the 81-year-old Biden, Democrats have gambled that he remains the party's best shot at defeating Trump one more time. The general election campaign opens with Biden an underdog against an opponent who historians have ranked as the worst president in the nation's history. He ran for the party's nomination in 1988 and again in 2008 and never made headway with rank-and-file Democratic voters. Through sheer persistence, he is now finishing a presidential term while wrapping up his second party nomination in a row.

Persons: Joe Biden, Donald J, Trump, Donald Trump, Biden, Govs, Gavin Newsom, Gretchen Whitmer, —, Liano Sharon, parry, Marc Morial, Sen, Claire McCaskill, Beau's, Barack Obama's, Obama, Hillary Clinton, John Kerry, Al Gore, Edward M, Kennedy Organizations: United, Former U.S, YMCA Allard Center, Democratic, NBC News, Biden, Trump, Democratic National Committee, parry Republicans, State, Union, National Urban League, Israel, Office Locations: Goffstown , New Hampshire, United States, Michigan, New Orleans, Israel, Gaza, South Carolina

☆ California is putting up minimum wages to $20 an hour for fast-food chains – and it's likely going to drive up wages in other industries, too
▼ + stars: | 2024-03-09 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Read previewCalifornia is raising the minimum wage for fast-food workers to $20 an hour – and a much wider group of employees could see bigger paychecks. If limited-service restaurants raise their wages, "everybody is going to have to adopt because it's a free market," Danilo Gargiulo, a Bernstein analyst, said. Fast-food and fast-casual chains have already said they plan to raise their menu prices in California to offset the higher wages. The Cheesecake Factory's CFO Matt Clark told investors in November that the minimum wage could have a "ripple effect" beyond just limited-service restaurants. He added that the legislation would cause the price gap between limited- and full-service restaurants to narrow.

Persons: —, Brian Vaccaro, Raymond James, It'll, Andy Barish, Danilo Gargiulo, Bernstein, Matt Clark, Clark, Vaccaro, Sharon Zackfia, William Blair, Greg Levin, we've, Levin, they're, Zackfia Organizations: Service, Business, Jefferies, US Bureau of Labor Statistics Locations: California, pretzels . California

☆ Opinion | How to Fix the Crisis of Trust in Higher Education
▼ + stars: | 2024-03-06 | by ( Jessica Grose | ) www.nytimes.com time to read: +2 min

Since the beginning of the year, I’ve been keeping track of every report I see about major budget shortfalls at universities. Here’s a sampling:“SUNY Warns of Future $1B Deficit Without Higher Tuition or More Aid” — The Times Union, Jan. 2. “Penn State Plans Nearly $100M in Cuts for FY26 Budget” — Higher Ed Dive, Jan. 24. “As U. of Arizona Confronts Budget Cuts, Workers and Students Brace for the Worst” — The New York Times, Feb. 21. The other is the decline in Americans’ confidence in higher education.

Persons: I’ve, Brace, Sharon Otterman, Josh Moody, Ed Organizations: The Times Union, UConn, Connecticut, “ Penn, Workers, New York Times, Gallup Locations: Arizona, New York

CNN —The war in Sudan is “triggering the world’s largest hunger crisis,” with more than 25 million people “trapped in a spiral” of food insecurity, a United Nations agency has warned. The war, which has also created the world’s largest displacement crisis, according to the UN, has left 18 million people “acutely food insecure” in Sudan and millions more in neighboring South Sudan and Chad. “Twenty years ago, Darfur was the world’s largest hunger crisis, and the world rallied to respond. Nearly a year into a war that has sent Sudan to the verge of collapse, the vast majority of its people are going hungry, the UN's World Food Programme says. Armed transfers that must stop,” she said, remarking that the international community “is not doing nearly enough” to address the crisis.

Persons: “, ”, Cindy McCain, –, Abdel Fattah al, Burhan, General Mohamed Hamdan Dagalo, EBRAHIM HAMID, United Nations Linda Thomas, Greenfield, Thomas Organizations: CNN, United Nations, Food Program, UN, Sudan’s Armed Forces, SAF, Rapid Support Forces, WFP “, WFP, Getty, Thomas, West Darfur “ Locations: Sudan, South Sudan, Chad, Darfur, East, Sudan’s, Gedaref, AFP, West Darfur

☆ Financial Health of Women in 2024
▼ + stars: | 2024-03-05 | by ( Sharon Epperson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinancial Health of Women in 2024Many Americans are currently experiencing financial challenges, but women have been particularly affected by factors like inflation, lack of access to childcare, equal pay, and student loan debt. We'll discuss the reasons behind this and what the future holds and examine why women still feel less confident when it comes to money.

Persons: We'll Organizations: Financial, Women

☆ Level Up: Lessons from a Self-Made Millionaire
▼ + stars: | 2024-03-05 | by ( Sharon Epperson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLevel Up: Lessons from a Self-Made MillionaireBurned out by her career on Wall Street, an industry she describes as historically "male, pale, and stale, this former trader pivoted to become one of the most popular fin'fluencers on social media. She'll discuss how she's working to demystify personal finance for women and people of color, and the top ways in which you can level up when it comes to building wealth.

Despite a challenging fundraising environment, women-led venture capital funds made gains in 2023. According to research by Venture Capital Journal, women-led funds' share of total fundraising increased to about 3% of the $107 billion raised last year by venture funds worldwide, up from less than 2% of the 2022 total. While it's a small fraction of the total pool, venture capital funding in the U.S. for companies founded by women has been trending up in recent years. The upswing has had some help from the creation of incubators for women founders, more new companies founded by women and more venture capital funds focused on underrepresented founders. Portfolia creates and manages about 16 venture funds designed for individual investors who want to invest in a portfolio of mostly women-led startups and want to learn more about venture investing.

Persons: Trish Costello, Portfolia, Costello, Elizabeth Clayborne, Steve Washington, Clayborne, wouldn't Organizations: Venture Capital Journal, YourChoice Therapeutics, CNBC Locations: U.S

☆ Here's what might happen after California raises fast-food wages to $20, from higher burger and pizza prices to better wages for retail workers
▼ + stars: | 2024-03-05 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

AdvertisementBurgers, tacos, and pizzas will get more expensiveDiners should expect to pay more as fast-food restaurants put menu prices up to offset higher wages. But restaurants already paying workers higher wages will feel less of an impact from the new legislation. Jon Tower, an analyst at Citi, said the higher prices could be hard for some diners to accept. However, higher wages at McDonald's, Subway, and Burger King will likely prompt other employers to offer higher pay so they can compete for labor. AdvertisementPeople will have more money to dine outAs fast-food workers' wages increase, they'll actually have more disposable income to spend dining out.

Persons: —, Gavin Newsom, It's, Jack, Sharon Zackfia, William Blair, Andy Barish, Sara Senatore, Chris Kempczinski, they're, Jon Tower, Barish, Zackfia, Burger, Danilo Gargiulo, Bernstein, Matt Clark Organizations: Service, Golden State, Gov, Jefferies, Bank of America, Citi, Bureau of Labor Statistics Locations: California, McDonald's

☆ Gary Goldsmith, uncle of Catherine, Princess of Wales, joins ‘Celebrity Big Brother’ house
▼ + stars: | 2024-03-05 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —Gary Goldsmith, an uncle of Catherine, Princess of Wales, has joined the “Celebrity Big Brother” house alongside contestants including Sharon Osbourne and Marisha Wallace, for a new series starting in the United Kingdom this week. In an introductory video, Goldsmith described himself as “uncle to the future Queen of our country, Catherine Middleton, the current Princess of Wales.”Goldsmith is the brother of Catherine’s mother, Carole Middleton. Goldsmith said his niece was “simply perfect” and described how the first time he met William, Prince of Wales, the royal offered him a cup of tea. Goldsmith pictured entering the Celebrity Big Brother house. Why is Gary Goldsmith in the house?” reads one post on X.

Persons: Gary Goldsmith, Catherine , Princess of Wales, ”, Sharon Osbourne, Marisha Wallace, Goldsmith, Catherine Middleton, Wales, ” Goldsmith, Catherine’s, Carole Middleton, “, William, Prince of Wales, I’ve, James Veysey, Anita Singh, Osbourne, Louis Walsh, Nikita Kuzmin, Su Cülcüloğlu Organizations: CNN, UK’s, Media, . Media, Daily Telegraph, ITV, ITV1 Locations: United Kingdom

☆ Women funding women-led start-ups
▼ + stars: | 2024-03-04 | by ( Sharon Epperson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWomen funding women-led start-upsIn 2023, companies founded by women garnered just 2% of the total capital invested in venture-backed startups in the U.S., according to PitchBook. But that number doesn't tell the whole story. CNBC's Sharon Epperson joins 'Squawk Box' with more.

Persons: CNBC's Sharon Epperson Locations: U.S

☆ Meet the Disney heirs rallying behind Bob Iger
▼ + stars: | 2024-03-03 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Roy O. Disney's grandchildrenRoy O. Disney had one son with his wife Edna Francis — Roy E. Disney, a long time Walt Disney Company executive. Roy P. DisneyRoy P. Disney told NYT that activist investors "must be defeated." AdvertisementIn a 2010 interview, Roy P. Disney said he worked as an investor based in California. Joe Scarnici/Stringer/Getty ImagesWalter Elias Disney MillerWalter Miller is the co-founder of the Walt Disney Family Museum, which opened its doors in 2009. Tamara Diane MillerTamara Miller spent four years as the President of the board of directors of the Walt Disney Family Museum.

Persons: —, Roy, Walt Disney, Bob Iger, Nelson Peltz, Walt, Roy O, Disney, Edna Francis — Roy E, Roy E, Patricia Ann Dailey, Roy P, Disney Roy, George Pimentel, WireImage, Disney's, hasn't, Abigail Disney Abigail Disney, Ralph Orlowski, Burda Media Abigail Disney, she's, Abigail, Susan Disney, Susan Lord, Phillip Faraone, Tim Disney Tim Disney, Stefanie Keenan, Tim Disney, Diane Disney Miller, Sharon Disney, Diane Miller's, Ron Miller, Jennifer Goff, Tammy Miller, Joanna Miller, Walter Miller, Joe Scarnici, Stringer, Walter Elias Disney Miller Walter Miller, Joanna Sharon Miller Joanna Miller, grandpa, Joanna, Jim, Tamara Diane Miller Tamara Miller, Tamara Miller, Jennifer Miller, Goff Jennifer Miller, Goff Organizations: Service, Disney, Business, Walt Disney Company, Getty, New York Times, Burda Media, Yale, Stanford, Mouse, Bel, Harvard University, California Institute of, Arts, Walt Disney Productions, Walt Disney Family Museum, Jim Hill Media, Walt Disney Family Locations: California, Munich, Germany, Columbia, Los Angeles

watch nowTalking about personal finances is harder than talking about religion, politics or death — and almost as hard to talk about as sex, a new survey finds. And women are more likely than men to find talking about money difficult. The only money topic women were less reluctant than men to talk about is how much they earn, the survey found. The survey also found generational differences in how women feel about money discussions. More than half, 53%, of Gen Z women ages 14 to 26 said feeling judged made them avoid talking about money, versus 35% of women across all generations.

Persons: Wells, Michael Liersch, Lindsay Bryan, Podvin, we'll, John Howard Organizations: Versta Research, Wells Fargo, Bank, Getty Locations: Wells Fargo, Ann Arbor , Michigan

☆ College Dorm Decorations Become a Front in the Campus Free Speech Wars
▼ + stars: | 2024-03-01 | by ( Sharon Otterman | ) www.nytimes.com time to read: +1 min

Dorm door decorations are emerging as the next battleground in the fight over academic freedom and free speech at Barnard College. As at many schools, Barnard students often use their dorm doors to display a bit of personality. “Zionism is terrorism,” one student’s door sticker said. Concerned that some students might feel intimidated by such messages, the Barnard administration has decided to enforce a ban on dorm door decorations altogether. Their removal was set to begin on Thursday, and all but “official items placed by the college” will be taken down, Leslie Grinage, the dean of the college, wrote in an email to students.

Persons: Barnard, “, Leslie Grinage Organizations: Barnard College Locations: Gaza

☆ Europe is having its worst earnings season since the onset of Covid — with little hope of a quick turnaround
▼ + stars: | 2024-03-01 | by ( Silvia Amaro | ) www.cnbc.com time to read: +4 min

As of Feb. 29 with 313 companies having reported, 50.2% posted a beat, according to a CNBC analysis of FactSet data. This was the smallest percentage of beats — thus the worst earnings season — since the first quarter of 2020 when the pandemic first hit European firms. Share buyback bonanzaSharon Bell, a senior European strategist at Goldman Sachs, told CNBC that she had noticed a new trend for European corporates during this earnings season. "What you have seen is a lot of companies announcing buybacks," she told CNBC's "Squawk Box Europe" Tuesday. "It is absolutely huge, you've never really seen this before in 20, 30 years, European companies pay dividends, they don't do buybacks," she said.

Persons: —, Edward Stanford, Philippe Ferreira, Kepler Cheuvreux, Sharon Bell, Goldman Sachs, CNBC's, you've, Bell, Ferreira Organizations: CNBC, HSBC, L'Oreal, European Central Bank, Shell, Deutsche Bank, Novo Nordisk, UBS Locations: Triomphe, France, Europe, China, Ukraine, European

☆ 8 things seasoned cruisers say you should know before setting foot on your first cruise
▼ + stars: | 2024-03-01 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

While packing for a cruise, try to keep it light, but make sure you have all the essentials covered. Seasoned cruisers say to pack only what you need. Joey Hadden/InsiderSharon Taylor, who has been on five cruises, told Business Insider that first-timers should be careful not to overpack. For a seven-night cruise, Taylor said she brought two bathing suits, four pairs of shorts, two pairs of shoes, one formal outfit, eight pairs of underwear, and six tops. Check the cruise line's website for these requirements and pack accordingly.

Persons: Joey Hadden, Sharon Taylor, Taylor, Paul Gallifrey, Gallifrey

☆ A timeline of Bob and Rita Marley's tumultuous relationship
▼ + stars: | 2024-02-28 | by ( Olivia Singh | ) www.businessinsider.com time to read: +8 min

Bob and Rita Marley were married from 1966 until the reggae star's death in 1981. Bob and Rita welcomed three children together, in addition to kids from relationships outside of their marriage. Their relationship is also at the heart of Reinaldo Marcus Green's recently released biopic, " Bob Marley: One Love ," starring Kingsley Ben-Adir as Bob and Lashana Lynch as Rita. Jacques Langevin/APRita recalled how she became acquainted with Bob in her 2004 memoir, " No Woman No Cry: My Life with Bob Marley ." October 17, 1968: Their son, David Nesta "Ziggy" Marley, is bornZiggy Marley on the set of "Bob Marley: One Love."

Persons: Bob, Rita Marley, Cedella, Ziggy, Stephen, Rita each, —, Rita Marley's, Rita, Reinaldo Marcus Green's, Bob Marley, Kingsley Ben, Lashana Lynch, Here's, Jacques Langevin, Clement " Coxsone, Dodd, Robbie Marley, Marcia Griffiths, Judy Mowatt, Sharon, Rita get, Cedella Marley, David Nesta, Marley, Ziggy Marley, Chiabella James, Paramount Pictures Ziggy, Stephen Marley, Robert, Robbie, Pat Williams, Rohan Anthony Marley, Janet Hunt, I've, Paul Natkin, Karen Marley, Janet Bowen, Julian Ricardo Marley, Lucy, Mani Marley, Anita Belnavis, Damian " Jr, Gong, Cindy Breakspeare, Owen, Stewart, Stephanie Marley, Serita Stewart, he'd, Graham Wiltshire, Cindy, Miami Bob, Josef Issels Organizations: Service, Wailers, Soulettes, Paramount Pictures, Jamaica, Miss Locations: Jamaica, Paris, Kingston, Ky, London, England, Miami

☆ When my oldest sister died suddenly, I moved to Houston to help out with my mom's care. I'm glad for this time with her.
▼ + stars: | 2024-02-28 | by ( Sheryl Nance-Nash | ) www.businessinsider.com time to read: +6 min

When my oldest sister died unexpectedly, my other sisters and I had to rethink my mom's care. I moved to Houston, too, to be closer to Mom and help take care of her. When my oldest sister died unexpectedly and tragically in 2020, the world turned upside down, including the plan for who would take care of our mom. My youngest sister Lorie was still in California, but lived a two-hour drive each way from our mom. My other two sisters and I had a decision to makeMe, Lorie, and our middle sister, Kai, who lives in Houston, did a Zoom and discussed what to do next.

Persons: —, Sharon, Lorie, Kai, that's, Houston, I've Organizations: Service, sis Locations: Houston, California, New York, Jamaica, Stanislaus County, Kai, Texas, United States

☆ Number of 401(k) ‘millionaires’ jumped 41% last year, says Fidelity
▼ + stars: | 2024-02-27 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +2 min

New York CNN —Many more new 401(k) “millionaires” were created last year, but the overall number remains low, according to data released Tuesday. The average 401(k) balance rose to $118,600 at the end of the fourth quarter, up 14% for the year. And 78% of 401(k) savers were contributing at a rate high enough to get their employer’s full matching contribution. Between employee and employer contributions, the average savings rate last year was 13.9%, up slightly from 13.7% a year earlier. “This past year ended on a high note for retirement savers,” said Sharon Brovelli, president of Workplace Investing at Fidelity Investments.

Persons: ”, Gen Xers, Fidelity, Sharon Brovelli Organizations: New, New York CNN, Fidelity Investments, Fidelity, Labor Statistics Locations: New York, United States

☆ There is a new trend in Europe with companies announcing buybacks, Goldman strategist says
▼ + stars: | 2024-02-27 | 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 EmailThere is a new trend in Europe with companies announcing buybacks, Goldman strategist saysSharon Bell, senior European strategist at Goldman Sachs, outlines how it was a mixed picture for European earnings during the last quarter.

Persons: buybacks, Goldman, Sharon Bell, Goldman Sachs Locations: Europe, European

☆ Wells Fargo survey finds Americans' most difficult conversations are about money
▼ + stars: | 2024-02-27 | 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 EmailWells Fargo survey finds Americans' most difficult conversations are about moneyCNBC’s Sharon Epperson joins 'Power Lunch' to discuss a Wells Fargo's survey about how Americans feel about conversations around money.

Persons: Sharon Epperson Locations: Wells

☆ Europe's GRANOLAS are lower volatility than Magnificent 7, Goldman strategist says
▼ + stars: | 2024-02-27 | 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 EmailEurope's GRANOLAS are lower volatility than Magnificent 7, Goldman strategist saysSharon Bell, senior European strategist at Goldman Sachs, discusses Europe's 11 dominating "GRANOLAS" stocks, and their similarities and differences to Wall Street's Magnificent 7.

Persons: Goldman, Sharon Bell, Goldman Sachs, Wall Locations: European

☆ 401(k) millionaire ranks grew 11.5% in 2023. They are 'poster children for staying the course,’ expert says
▼ + stars: | 2024-02-27 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

In this article FIS Follow your favorite stocks CREATE FREE ACCOUNTwatch nowIn a year that defied most economists' expectations, retirement savers reaped the benefits. The average 401(k) balance ended 2023 up 14% from a year earlier to $118,600, Fidelity found. "This past year ended on a high note for retirement savers," said Sharon Brovelli, president of workplace investing at Fidelity Investments. Overall, more than one third of retirement savers increased their retirement savings contributions, Fidelity found. The average 401(k) contribution rate, including employer and employee contributions, now stands at 13.9%, just below Fidelity's suggested savings rate of 15%.

Persons: Sharon Brovelli, Mike Shamrell, Shamrell, Fidelity Organizations: Fidelity Investments, Fidelity, Nasdaq, Dow Jones

☆ Talking about personal finances is almost as hard for people to talk about as sex, survey finds
▼ + stars: | 2024-02-27 | by ( Sharon Epperson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTalking about personal finances is almost as hard for people to talk about as sex, survey findsA majority of Americans are reluctant to talk about money, according to a new survey. The belief that money is a private subject, not wanting people to know how much or how little they have and fears of being judged hold some people back from discussing personal financial issues. CNBC's Sharon Epperson joins 'Squawk Box' with more.

Persons: CNBC's Sharon Epperson

☆ The horrific true story behind the 1969 Manson Family murders that changed America forever
▼ + stars: | 2024-02-26 | by ( James Pasley | ) www.businessinsider.com time to read: +1 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The Manson murders closed out one era for the US, and heralded the arrival of another. The Manson "Family" killers were following orders from their cult leader, Charles Manson. One of the seven victims was pregnant actress Sharon Tate.

Persons: —, Manson, Charles Manson ., Sharon Tate, Quentin Tarantino's, there's Organizations: Service Locations: Hollywood

☆ Prison inmate led scheme swindling U.S. out of $550 million in Covid tax credits, feds say
▼ + stars: | 2024-02-26 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

A California prison inmate locked up on a gang-related murder conviction led a scheme that defrauded the U.S. government out of more than $550 million in Covid-era federal tax credits, prosecutors said. Five other people were charged with Thomas in the alleged drug trafficking scheme. The employee retention credits became a refundable federal tax credit for employers during the Covid-19 pandemic to encourage businesses to retain workers. "But that apparently was not enough: he also conspired to pursue over half a billion dollars in federal tax credits that were meant to help struggling businesses during the COVID-19 pandemic," Talbert said. DEA agents intercepted those calls and also intercepted text messages showing Thomas communicating about the tax fraud scheme, prosecutors said.

Persons: Kristopher Thomas, Thomas, Kettisha Thompson, Dozier, Charmane Dozier, Sharon Vance, Philip Talbert, Talbert Organizations: Main Street Mafia, Attorney's, Eastern, Eastern District of, Drug Enforcement Administration Locations: California, Covid, Kern Valley, Waldorf , Maryland, Hawthorne , California, Los Angeles, Eastern District, Eastern District of California, Las Vegas, U.S, Delano , California, Hawaii

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