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☆ National Women's Soccer League gets rid of draft and raises players' minimum salary to $82,500 with new agreement
▼ + stars: | 2024-08-23 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

The National Women's Soccer League and its players have signed a new collective bargaining agreement that raises players' minimum salaries and eliminates the draft — making the NWSL the first professional sports league in the U.S. to grant unrestricted free agency to all players. The new agreement, announced on Thursday, extends the current contract with the NWSL Players Association to 2030. A record 56 NWSL athletes competed in the Games, including 19 players on the U.S. women's national soccer team, which won gold. The deal also increases the minimum salary for players from $48,500 in 2025 to $82,500 by 2030. The salary minimum for reserve players in Major League Soccer (MLS) is $71,401, and the minimum for senior players is $89,716.

Persons: Jessica Berman, " Berman Organizations: Women's Soccer League, NWSL, soccer team, CNBC, Major League Soccer Locations: U.S, England, Spain, Italy

☆ NWSL and players association agree to abolish draft, raise player pay in new CBA
▼ + stars: | 2024-08-22 | by ( Jill Martin | ) edition.cnn.com time to read: +2 min

CNN —The National Women’s Soccer League (NWSL) and NWSL Players Association have a new collective bargaining agreement, one which includes higher pay, expanding benefits and – in a notable move – abolishing the draft. With the new CBA, which will be in place through 2030, the NWSL becomes the first major American professional sports league to abolish its player draft. “The draft is an antiquated model that empowers teams to decide for Players instead of Players deciding for themselves,” NWSLPA president Tori Huster said. This, the league said in its statement announcing the CBA, aligns NWSL standard player agreements with FIFA regulations on the status and transfer of players. “This CBA gives us agency over our business and gives the players agency over their careers.

Persons: ”, Tori Huster, “, Jessica Berman Organizations: CNN, Women’s Soccer League, NWSL, CBA, FIFA, Governors Locations: American

☆ This kind of market favors private investments, says Neuberger Berman's Anthony Tutrone
▼ + stars: | 2024-08-13 | 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 EmailThis kind of market favors private investments, says Neuberger Berman's Anthony TutroneAnthony Tutrone, Neuberger Berman head of alternatives, joins 'Closing Bell Overtime' to talk alternate investing in the current market environment.

Persons: Neuberger Berman's Anthony Tutrone Anthony Tutrone, Neuberger Berman

☆ NWSL Commissioner: We have a league ready to capitalize on the momentum of the Olympics
▼ + stars: | 2024-08-09 | 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 EmailNWSL Commissioner: We have a league ready to capitalize on the momentum of the OlympicsCNBC’s Carl Quintanilla and National Women’s Soccer League Commissioner Jessica Berman join 'Squawk Box' to discuss the performance of Team USA women's soccer at the 2024 Paris Olympics, growing popularity of women's soccer, impact on the growth of NWSL, and more.

Persons: Carl Quintanilla, Jessica Berman Organizations: Olympics, Women’s Soccer League, USA

☆ Trump said he ‘went down’ in helicopter ‘emergency landing’ with former San Francisco mayor, who says it never happened
▼ + stars: | 2024-08-08 | by ( Rashard Rose | ) edition.cnn.com time to read: +4 min

CNN —Former President Donald Trump recounted a story to reporters on Thursday about being involved in a helicopter emergency landing with former San Francisco Mayor Willie Brown. “I know Willie Brown very well. We were in a helicopter going to a certain location together, and there was an emergency landing,” Trump told reporters gathered at his Mar-a-Lago resort in Florida for his first news conference since the Democratic ticket was announced. A spokesperson for Jerry Brown told the Times that “there was no emergency landing and no discussion of Kamala Harris.”California Gov. “First of all, it was in New Jersey, not California, and it was Willie Brown, not former Governor Jerry Brown,” Trump posted on his Truth Social platform.

Persons: Donald Trump, Willie Brown, Kamala Harris ’, Brown, Trump, ” Trump, Willie, “ I’ve, ”, Kamala, Steven Cheung, “ Slick Willie, ” Brown, CNN’s John Berman, Jerry Brown, Kamala Harris, Gavin Newsom, “, ” Newsom, denigrated Harris, Harris, “ You’ve, CNN’s Tori B, Powell, Alayna Treene, Kate Sullivan Organizations: CNN, San Francisco, Democratic, Trump, The New York Times, The Times, California Gov, Times Locations: Lago, Florida, California, New Jersey

☆ The underlying fundamentals of the economy are sound, says Neuberger Berman's Joe Amato
▼ + stars: | 2024-08-06 | 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 EmailThe underlying fundamentals of the economy are sound, says Neuberger Berman's Joe AmatoJoseph Amato, Neuberger Berman Group president and CIO, joins 'Squawk Box' to discuss the latest market trends, state of the economy, what to make of the market sell-off, and more.

Persons: Neuberger Berman's Joe Amato Joseph Amato, Neuberger Berman Organizations: Neuberger, Neuberger Berman Group

☆ Why Starbucks is losing customers
▼ + stars: | 2024-08-05 | by ( Ryan Baker | ) www.cnbc.com time to read: +1 min

Last year, Starbucks controlled 26.5% of the U.S. coffee and snack shop market, according to research firm IBISWorld. And there is a lot more competition than there used to be," said Neil Saunders, managing director of GlobalData Retail. Starbucks cafes have long been a "third place" for customers to work and socialize outside of their home or office. The consumer is more 'choiceful,'" said Kevin McCarthy, a managing director at Neuberger Berman. Watch the video to learn more about how Starbucks is trying to address its recent challenges.

Persons: Neil Saunders, Kevin McCarthy, Neuberger Berman Organizations: Starbucks, GlobalData Retail Locations: U.S

☆ Finding opportunities in the market
▼ + stars: | 2024-08-02 | 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 EmailFinding opportunities in the marketErik Knutzen, Neuberger Berman multi-asset CIO, and Jeff Krumpelman, chief investment strategist at Mariner Wealth Advisors, join 'Closing Bell: Overtime' to discuss the biggest opportunity for investors, why there could be a reversal higher, and more.

Persons: Erik Knutzen, Neuberger Berman, Jeff Krumpelman Organizations: Mariner Wealth Advisors

Former President Donald Trump is rushed offstage by U.S. Secret Service agents after being grazed by a bullet during a rally on July 13 in Butler, Pennsylvania. Anna Moneymaker/Getty ImagesMore than two weeks after Donald Trump survived an assassination attempt, federal investigators are still trying to uncover the motive of the former president’s would-be assassin. Rojek also said that Trump has agreed to sit for a victim interview with the FBI – a routine part of criminal investigations. Crooks, Rojek said, used aliases to make firearms-related purchases online, beginning in the spring of 2023. CNN has reported that text messages between law enforcement before the shooting began suggest that some officers raised Crooks’ presence at the rally more than 90 minutes before he climbed onto a roof and began firing at Trump.

Persons: Donald Trump, Anna Moneymaker, Thomas Matthew Crooks, Kevin Rojek, Rojek, Trump, Crooks, ” Crooks, Republican Sen, Chuck Grassley Organizations: Secret, FBI, Pittsburgh Field Office, Monday, CNN, Trump, Republican, Emergency Unit, The New York Times Locations: Butler , Pennsylvania, Beaver

☆ Why Global Investors Are Watching What Japan Does Next
▼ + stars: | 2024-07-29 | by ( Joe Rennison | ) www.nytimes.com time to read: 1 min

Japan’s central bankers meet this week, and what they decide has the potential to move markets around the world. While policymakers in the United States and elsewhere either are preparing to cut interest rates or have already done so, the Bank of Japan is only just beginning to raise them. “Japan is in a different world,” said Kei Okamura, a portfolio manager based in Japan at the investment firm Neuberger Berman. The Bank of Japan cut interest rates below zero in 2016 and kept them there until March, when it announced the first rate increase in 17 years, as the economy showed signs of recovery from anemic growth and low inflation. Economists believe the central bank might raise rates again at its upcoming meeting, which concludes on Wednesday.

Persons: ”, Kei Okamura, Neuberger Berman Organizations: Bank of Japan, The Bank of Japan Locations: Japan, United States

☆ Sell-off in Big Tech is a 'psychological rotation', says Neuberger Berman's Steve Eisman
▼ + 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 EmailSell-off in Big Tech is a 'psychological rotation', says Neuberger Berman's Steve EismanSteve Eisman, Neuberger Berman Senior Portfolio Manager, joins 'Fast Money' to talk the sell-off in Big Tech, the upcoming election, the economy and more.

Persons: Neuberger, Steve Eisman Steve Eisman, Neuberger Berman Organizations: Big Tech Locations: Big Tech

☆ The key for Tesla is their ability to bring down cost, says Neuberger Berman's Dan Flax
▼ + stars: | 2024-07-24 | 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 EmailThe key for Tesla is their ability to bring down cost, says Neuberger Berman's Dan FlaxDan Flax, Neuberger Berman senior research analyst, joins 'Squawk Box' to discuss Tesla's quarterly earnings results, growth outlook for the company, and more.

Persons: Tesla, Neuberger, Dan Flax Dan Flax, Neuberger Berman

☆ The market is not the best predictor of interest rate cuts, says Neuberger's Holly Newman Kroft
▼ + stars: | 2024-07-23 | 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 EmailThe market is not the best predictor of interest rate cuts, says Neuberger's Holly Newman KroftHolly Newman Kroft, Neuberger Berman managing director, joins 'Money Movers' to discuss the equity market's ability to power higher, whether it's time to rethink portfolios, and the expectations for the Russell 2000.

Persons: Neuberger's Holly Newman, Holly Newman Kroft, Neuberger Berman, Russell

☆ Trump may regret choosing JD Vance as his running mate, political scientists say
▼ + stars: | 2024-07-23 | by ( Joshua Nelken-Zitser | Taylor Berman | ) www.businessinsider.com time to read: +5 min

This story is available exclusively to Business Insider subscribers. Thomas Gift, director of UCL's Centre on US Politics, told BI that Trump's selection of Vance was "a confident — some might say too confident" decision. AdvertisementShe noted that with Biden leading the Democratic ticket, Trump and Vance could effectively criticize Biden's age and competency. While Vance's first solo campaign rally in Virginia on Monday wasn't as disastrous or widely watched as Biden's debate performance, Fahey told Business Insider it still revealed a potential weakness. Beyond his loyalty to Trump, Fahey said, "Vance adds nothing to the Republican ticket."

Persons: —, Tim Alberta, Donald Trump, there's, Sen, JD Vance, Kamala Harris, JD Vance —, MskTPjvVSS — Tim Alberta, Joe Biden's, Trump's, Biden, MAGA, Thomas Gift, Vance, Wilson, Harris, Trump, Colin Talbot, Doug Emhoff, 3DJY3pQTGe, Ron Filipkowski, Talbot, Kevin Fahey, Trump world's, Vance's, Fahey, Palin'd, bHBs0pNRZH — Brandon Friedman, Vance doesn't Organizations: Service, Democratic, Business, Trump, University of Manchester, University of Nottingham, Republican Locations: Atlantic, America, Virginia, Ohio

☆ Analysis: Harris gets a dream start, but the task ahead is monumental
▼ + stars: | 2024-07-23 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

Her multi-hour phone blitz to Democratic Party power players on Sunday hinted at an operation primed ahead of time but that was kept secret and didn’t leak. The vice president has shown signs of improving her political skills recently, but that’s never been her forte. In a memo to reporters, the Trump campaign previewed a blistering assault to come on Harris. Harris is the least popular vice president in history – which is no surprise given her terrible record,” the memo said. The question now is whether Harris, who has exhibited considerable political liabilities as vice president, has the skills, staying power and luck to take advantage.

Persons: CNN — Kamala Harris, Joe Biden –, Donald Trump, Harris, Biden, Nancy Pelosi, Biden’s, Pelosi, Harris –, Trump, that’s, Barack Obama, Susie Wiles, Chris LaCivita, “ She’s, Joe Biden, ” Harris carves, He’s, pollsters, • Harris, Ben Wikler, ”, outpolled, Nikki Haley, “, you’re, we’ve, Eric Swalwell, CNN’s John Berman, Chris Sununu, ’ ” • Harris, Hakeem Jeffries, Chuck Schumer, Kamala Harris, ” Harris, anoint Harris, •, It’s, Vance, “ Kamala Harris Organizations: CNN, Democratic, Democratic Party, Sunday, Trump, Biden, Republican, GOP, Chicago . Governors, Wisconsin Democratic, Badger, Former South Carolina Gov, ” Democratic, • New, • New Hampshire Republican Gov, White, National Collegiate Athletics Association, Paris Olympics, • Locations: Wilmington , Delaware, Covid, Washington, America, Harris, Chicago ., California, •, • New Hampshire, Iowa, American

☆ Angel City FC set to become world’s most valuable pro women’s sports team following new investment
▼ + stars: | 2024-07-18 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +2 min

CNN —Angel City FC (ACFC) will become the most valuable women’s professional sports team in the world, the club announced Wednesday. Angel City FC plays in the National Women’s Soccer League (NWSL) – the top division of women’s soccer in the US. “ACFC and these incredible athletes have already had a tremendous impact on the NWSL, women’s soccer, and the Los Angeles community. “With this investment of resources and capital, we hope to accelerate the growth of the Club and the NWSL. There are 56 NWSL players on Olympic rosters – including Angel City FC defender and New Zealand captain Ali Riley.

Persons: Bob Iger, ACFC, Bay, “ ACFC, Angel City, ”, Jessica Berman, ” Berman, Willow, Bob, –, Ali Riley Organizations: CNN, Angel City FC, USC Annenberg School for Communication, Journalism, Walt Disney Company, National Women’s Soccer League, Club, NWSL, of Governors, New Zealand Locations: Willow, Los Angeles, Willow Bay, Paris

☆ Bob Newhart Holds Up.
▼ + stars: | 2024-07-18 | by ( Jason Zinoman | ) www.nytimes.com time to read: +1 min

Bob Newhart, who died on Thursday at the age of 94, has been such a beloved giant of popular culture for so long that it’s easy to forget how unlikely it was that he became one of the founding fathers of stand-up comedy. Before basically inventing the hit stand-up special, with the 1960 Grammy-winning album “The Button-Down Mind of Bob Newhart” — that doesn’t even count his pay-per-view event broadcast on Canadian television that some cite as the first filmed special — he was a soft-spoken accountant who had never done a set in a nightclub. That he made a classic with so little preparation is one of the great miracles in the history of comedy. A Roman Catholic from the west side of Chicago, Newhart came off as an entirely respectable example of Midwestern nice. Newhart brought his own kind of neurosis, a comedy rooted in nuanced deadpan and silence.

Persons: Bob Newhart, Bob Newhart ”, Lenny Bruce, Mort Sahl, Newhart, Shelley Berman, ” Organizations: Catholic Locations: Chicago

☆ Why a millennial stopped saving 70% of her income and started spending over $25,000 a month
▼ + stars: | 2024-07-18 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

Julie Berninger, 35, and her husband used to save 70% of their income. Now, they spend over $25,000 a month on outsourcing aspects of their lives like cleaning, cooking, and transportation. However, Berninger said she's investing in the growth of her companies — and is spending a lot to do so. While at Amazon, she started selling digital products part-time on Etsy, as she wanted side income and opportunities to try different fields of work. AdvertisementShifting spending habitsIn 2023, she also founded Auros Agency, a boutique digital course creation agency with a similar business model.

Persons: Julie Berninger, Berninger, She's, Cody Berman, they've, doesn't Organizations: Service, Business, FIRE, Apple, Gold City Ventures, Auros Agency, BI

☆ Stocks are booming in 2024, but financial advisors say it may be time to get a little defensive
▼ + stars: | 2024-07-16 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

With the S & P 500 surging more than 18% in 2024, it might be time for investors to make a few defensive moves in their portfolios. But that surge is spurring some financial advisors to reassess their clients' exposure to large-cap tech and turn toward currently unloved asset categories that could be poised to rise. "It might take a little longer to manifest but we think [health care] is an interesting combination of offense and defense, and it provides meaningful cash flows for investors," Saccocia said. Checking in on risk and cash Investors reviewing their 2024 gains should also reassess their risk profile and consider whether their asset allocation reflects their long-term goals. Tom Balcom, CFP and founder of 1650 Wealth Management in Lighthouse Point, Florida, has used custom market-linked notes to hedge clients' exposure to the market.

Persons: Nvidia —, Shon Anderson, Russell, Jerome Powell's, Shannon Saccocia, Neuberger Berman, Saccocia, Colin Gerrety, Gerrety, Tom Balcom, Balcom, Morningstar Organizations: Nvidia, Anderson Financial, Federal, Big Tech, Investors, JPMorgan Chase, UnitedHealth, Wealth Services Locations: Dayton , Ohio, REITs, North Bethesda , Maryland, Lighthouse Point , Florida

☆ 4 Gen Zers on track for financial independence explain the mix of passive income, businesses, and sacrifices it took to get there
▼ + stars: | 2024-07-15 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +10 min

Four Gen Z Americans told Business Insider they've followed the principles of the FIRE — financial independence, retire early — movement to achieve a high net worth before their 30th birthdays. But all four emphasized that their sacrifices and risks earlier in life may be the key to their financial stability down the road. Cody Berman, entrepreneur and "passive income expert"Cody Berman hit financial independence at 25 but continues to help others achieve their financial goals. Courtesy of Cody BermanCody Berman, 28, hit financial freedom at 25 but has no plans to retire early. His net worth is about $2.8 million, but he drives a 2015 Nissan truck approaching 100,000 miles.

Persons: —, Gen Z, they've, Cody Berman, Cody Berman Cody Berman, Berman, I'm, " Berman, Bosch, Louis, Roth, Amber Smith, Amber Smith Amber Smith, Smith, she's, Cory Sarkisian, Sarkisian, They've Organizations: Service, Transamerica Center, Retirement Studies, Business, Boeing, Navy, Nissan, Gold City Ventures, Bosch, eBay, Honda Civic, Roth IRA, Savings Locations: St, California, West Des Moines, San Diego, Hawaii, Connecticut, New Zealand

☆ Eyewitness describes seeing gunman on roof during Trump rally shooting in BBC interview
▼ + stars: | 2024-07-14 | by ( Taylor Berman | ) www.businessinsider.com time to read: +1 min

A man who said he was a witness to the shooting that injured Donald Trump described the scene to the BBC. The man said he saw the shooter crawling on the roof of a nearby building with a rifle. He said he heard five shots and also saw the Secret Service kill the shooter. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The man told the BBC he'd gathered with friends before the rally and said they were watching it from outside the fenced-in location.

Persons: Donald Trump, — Organizations: BBC, Service, Saturday, Business Locations: Butler , Pennsylvania

☆ 4 Gen Zers share how they're already on pace to retire early — though some don't want to
▼ + stars: | 2024-07-14 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +10 min

Four Gen Z Americans told Business Insider they've followed the principles of the FIRE — financial independence, retire early — movement to achieve a high net worth before their 30th birthdays. Some said they don't intend on following the "retire early" part of the acronym and instead want to pursue their passions while making money doing so. Cody Berman, entrepreneur and "passive income expert"Cody Berman hit financial independence at 25 but continues to help others achieve their financial goals. Courtesy of Cody BermanCody Berman, 28, hit financial freedom at 25 but has no plans to retire early. His net worth is about $2.8 million, but he drives a 2015 Nissan truck approaching 100,000 miles.

☆ Wells Fargo stock sinks after weak second quarter net interest income
▼ + stars: | 2024-07-12 | 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 stock sinks after weak second quarter net interest incomeSandy Pomeroy, senior portfolio manager at Neuberger Berman, joins 'Money Movers' to discuss Wells Fargos second-quarter earnings report and more.

Persons: Sandy Pomeroy, Neuberger Berman, Wells Fargos Organizations: Wells Locations: Wells Fargo

☆ Okamura: Japan's rally will become more broad-based going forward
▼ + stars: | 2024-07-10 | 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 EmailOkamura: Japan's rally will become more broad-based going forwardKei Okamura, Portfolio Manager at Neuberger Berman, discusses if the rally in Japanese stocks can continue.

Persons: Kei Okamura, Neuberger Berman

☆ Here’s where money managers are seeking income at mid-year as rates stay high
▼ + stars: | 2024-07-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

The prospect of "higher for longer" rates has also made short-term fixed income assets especially attractive. "We had a lot of investors who were in, if not cash, then sub-2-year duration fixed income at the start of the year." Takeaways for investors It doesn't hurt for retail investors to review their fixed income allocation now that the year is halfway over. A combination of fixed income assets may be what it takes to benefit from today's higher rates, lock in yields and capture rising prices once the Fed cuts. "We don't buy that there's one fixed income asset class that you should tilt toward," said Calcagni.

Persons: –, Don Calcagni, it's, Shannon Saccocia, Neuberger Berman, Michael Rosen, Rosen, Janus Henderson, Vishal Khanduja, Eaton Vance, Khanduja, Callie Cox Organizations: Federal Reserve, FedWatch, Investment Company Institute, Money, Mercer Advisors, Investors, Municipal, Angeles Investment Advisors, AAA CLOs, Janus Henderson AAA CLO, SEC, Morgan Stanley Investment Management, Bond, Ritholtz Wealth Management, Stay Locations: Santa Monica, Calif

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