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☆ Why the Dow is in such a historic funk and how concerned you should be
▼ + stars: | 2024-12-17 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Brendan McDermid | ReutersThe Dow Jones Industrial Average has been declining for nine straight days, heading for its longest losing streak since February 1978. The biggest laggard in the 30-stock Dow during this losing streak has been UnitedHealth , which has contributed to more than half of the decline in the price-weighted average over the past eight sessions. And then there's a rotation going on with investors selling out of the cyclical names in the Dow that initially popped on Trump's reelection. The Dow, largely comprised of blue-chip consumer discretionary and industrial names, is widely viewed as a proxy for overall economic conditions. The Dow was first created in the 1890s to model a regular investor's portfolio — a simple average of the prices of all constituents.

Persons: Brendan McDermid, Donald Trump's, Brian Thompson, Sherwin, Williams, Goldman Sachs, Trump's deregulatory, Dow Organizations: New York Stock Exchange, Reuters, Dow Jones, Dow, Caterpillar, Nasdaq

☆ Potential inclusion of MicroStrategy into the 'QQQ' could mark a tech top. How to hedge
▼ + stars: | 2024-12-13 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +4 min

And one event potentially involving bitcoin proxy MicroStrategy Friday could mark the top. I will use a zero-cost options strategy to potentially capture any cooling off over the next month in the red-hot Invesco QQQ Trust ETF (QQQ) . QQQ YTD mountain Invesco QQQ Trust, YTD December has been a fascinating month so far as we have seen more equities inside of the benchmark index (S & P 500) decline versus rise, questioning breadth. One last reason that we may have seen a short-term top in the Nasdaq 100 is due to MicroStrategy . (*Invesco QQQ Trust, Series 1 (QQQ) announced a special cash dividend with an ex-date of 12/27; as a result, QQQ's option contracts have been adjusted to reflect this event.

Persons: MicroStrategy, MicroStrategy MSTR Organizations: Nasdaq, YTD, Broadcom, Tesla, CNBC, NBC UNIVERSAL

☆ 2 resume green flags this former Google exec always likes to see: 'It makes you look like an absolute superstar’
▼ + stars: | 2024-12-10 | by ( Gili Malinsky | ) www.cnbc.com time to read: +1 min

For those looking for work or simply for more job opportunities in the new year, here are two of her resume green flags. One-line bullets show 'such intentionality'First, Wood likes short bullets under job titles. "It shows such discernment, and it shows you're being brutal, right? It also shows you're being considerate of the person reading your resume. Big picture, "it makes you look like an absolute superstar when you have bullets that are one line only," she says.

Persons: Jenny Wood, Wood Organizations: Google

☆ We designed our dream home in Mexico for $270,000. It was cheaper than buying in the US but came with extra costs we didn't expect.
▼ + stars: | 2024-12-06 | by ( ) www.businessinsider.com time to read: +5 min

AdvertisementMy husband and I moved from the US to Mexico because we were worried about our financial future. We bought a fixer-upper for $50,000 and spent $220,000 to turn it into our dream home. My husband and I happily live in our dream home in Mérida, Mexico but getting to this point took time, patience, and some extra costs we didn't anticipate. We were looking at buying a small place in Brooklyn but couldn't find anything for less than $500,000. One expense we didn't anticipateThe time and extra costs are worth it to live in our dream home.

Persons: Fabio Martinez, John Newton, John Newton The, Marc Locations: Mexico, Mérida, NYC, Brooklyn

☆ Wealthy Americans are still ducking the IRS crackdown on non-filers
▼ + stars: | 2024-12-05 | by ( Eamon Javers | ) www.cnbc.com time to read: +7 min

That's because it's a felony to file false tax returns but only a misdemeanor not to file a return at all. As a result, many millionaires could simply be taking their chances, betting that they will face few consequences for not filing their tax returns. Renewed investigationNotices were mailed in February in 125,000 cases targeting wealthy taxpayers who had not filed tax returns since 2017. And so far, at least, it does not appear that many of these very wealthy non-filers are facing legal consequences for their failure to meet their civic and legal obligations. "Both the DOJ and [IRS Criminal Investigation] have limited resources, and in most cases, those resources are used to investigate and prosecute felonies.

Persons: it's, Joe Biden, Joe Manchin, Chuck Schumer, James Clyburn, Biden, Leah Millis, Ron Wyden, Robert Lighthizer, Anna Moneymaker, —, Adam Jeffery, filers, Daniel Acker Organizations: WASHINGTON, Internal Revenue Service, CNBC, Department of Justice, IRS, White, Reuters, Finance, Senate Finance, Washington , D.C, Bloomberg, Getty, Internal Revenue Services, DOJ, Treasury Department, Treasury Locations: Washington, Oregon, U.S, Washington ,

☆ Australian Real-Estate Auctions May Help American Homebuyers, Sellers
▼ + stars: | 2024-12-03 | by ( James Rodriguez | ) www.businessinsider.com time to read: +14 min

For roughly a decade after that first auction, he continued to broker deals the conventional way — for American sellers, Aussie-style auctions were a tough sell. Real-estate auctions are a time-honored tradition in Australia, dating back more than 200 years to its days as a British colony. But in times of healthy demand for homes, auctions can deliver benefits for sellers looking to ride out the frenzy. "I don't think the American consumer is ready for auctions yet," says Rob Hahn, the CEO of Decentre Labs, a company he started in 2022 to bring online real-estate auctions to the masses. The biggest beneficiaries, Duby tells me, may just be real-estate agents: When buyers and sellers are shuffled through this murky process, they'll look for a professional guide.

Persons: Evan Duby, Duby, Sellers, haven't, Kenneth Lusht, they've, Tim Quirk, Quirk, — Quirk, Mike Russo, —, Rob Hahn, Hahn Organizations: nab, eBay, Pennsylvania State University, Auction.com, Decentre Labs Locations: Brooklyn, Australia, Melbourne, British, New South Wales, Victoria, Massachusetts, Bethesda , Maryland, American, States

☆ The outlook for gold — as the granddaddy of gold ETFs turns 20
▼ + stars: | 2024-11-18 | by ( Bob Pisani | ) www.cnbc.com time to read: +8 min

The grandaddy of gold ETFs turns 20. Today, for the first time, thanks to the World Gold Council and State Street, you are able to buy gold just like it's a stock." They could own gold mining stocks, but there was an imperfect relationship between gold and gold miners. When the gold ETF was intrduced 20 years ago, there was a very small investor base for gold. In 2014, Van Eck launched the VanEck Merk Gold ETF (OUNZ), which provides the option to redeem shares for physical gold , including gold coins and bars.

Persons: I've, George Milling, Stanley, GLD, Van Eck, George Milling Stanley, We've Organizations: New York Stock Exchange, World Gold Council, State, Investors, U.S . Equity, State Street Global Advisors, United States Oil Fund, Street Global Advisors, Street Global, World Gold, U.S ., Trump, Trust, Street, MiniShares, NYSE, SEC, Edge Locations: United States, London, India, China, Turkey

☆ Robinhood Chief Brokerage Officer Steve Quirk talks post-election trading and betting trends
▼ + stars: | 2024-11-08 | 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 EmailRobinhood Chief Brokerage Officer Steve Quirk talks post-election trading and betting trendsSteve Quirk, Robinhood chief brokerage officer, joins 'Closing Bell Overtime' to talk the impact of the election and aftermath on the platform.

Persons: Steve Quirk

☆ Man who used legal loophole to live rent-free for years in NYC hotel found unfit to stand trial
▼ + stars: | 2024-11-07 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

A man charged with fraud for claiming to own a storied Manhattan hotel where he had been living rent-free for years has been found unfit to stand trial, prosecutors said Wednesday. Finally, we convinced him to go seek treatment,’” Barreto told The Associated Press on Wednesday. They say he forged a deed to the New Yorker Hotel purporting to transfer ownership of the entire building to him. Because I’m not being treated as a criminal but I’m treated like a nutjob,” Barreto told the AP. But the New Yorker closed as a hotel in 1972 and was used for years for church purposes before part of the building reopened as a hotel in 1994.

Persons: Mickey Barreto, he’s, Alvin Bragg’s, Judge Cori Weston, Barreto, ”, He’s, ’ ” Barreto, Brian Hutchinson, didn’t, I’m, ” Barreto, Muhammad Ali, Nikola Tesla Organizations: New York Times, Associated Press, Times, New, Unification Church, AP, Garden, NBC, Yorker Locations: Manhattan, Madison

☆ Arizona voters approve ballot measure giving state and local law enforcement greater authority in immigration matters
▼ + stars: | 2024-11-06 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | Ben Kamisar | ) www.nbcnews.com time to read: +2 min

Arizona voters approved a controversial ballot measure that will give state and local law enforcement greater authority to enforce immigration-related laws typically left to the federal government, NBC News projects. The lengthy ballot measure makes a number of changes to state law related to immigration. The measure also requires a court to kick out migrants convicted of illegal entry, allowing state and local law enforcement to deliver them to federal custody. While the ballot measure’s supporters have long argued for the need to make immigration law stricter, Republicans also hoped that the measure could help boost GOP turnout. And Arizona’s controversial attempt to enact stricter immigration laws in 2010 was partially blocked by the Supreme Court in part because the court found that federal immigration law pre-empted much of the legislation.

Persons: Katie Hobbs, Kari Lake, Ruben Gallego Organizations: NBC, Democratic White House, Arizona’s GOP, Democratic Gov, Senate, Democratic Rep, Republicans Locations: Arizona, America, Arizona’s, Texas

☆ Decades in a country he can’t call home: South Korean’s US adoption nightmare
▼ + stars: | 2024-10-28 | by ( Hanna Park | ) edition.cnn.com time to read: +8 min

Crapser made history as the first Korean adoptee to sue the South Korean government and his adoption agency for damages in 2019. As he awaits a court decision in Seoul, a bill that could grant him US citizenship remains stalled in Congress. CNN reached out to the adoption agency, Holt Children’s Services, for comment but did not immediately receive a response. In response to recent media reports about adoptions from South Korea in the 1980s, Holt International acknowledged the potential unethical practices in a public statement and noted Holt Children’s Services separated from Holt International in 1977. The Seoul High Court is set to render its decision on January 8 regarding Crapser’s seeking of monetary damages.

Persons: Adam Crapser, – Crapser, ” Crapser, “, —, Crapser, “ I’m, I’ve, Adam Smith of, — “, Don Bacon of Nebraska, Christal, Christina, Anh Nguyen, Gosia, “ It’s, don’t, ”, he’s, “ I’ve, Holt, ” Holt Organizations: CNN, US, South Korean, Democratic Rep, Republican, Congress, Seoul Central, Court, Associated Press, Holt Children’s Services, Holt International, AP Locations: States, Seoul, Michigan, Korean, Adam Smith of Washington, Vancouver, Washington, United States, South Korea, Korea

☆ Robinhood's Chief Brokerage Officer talks its new desktop trading tools
▼ + stars: | 2024-10-17 | 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 EmailRobinhood's Chief Brokerage Officer talks its new desktop trading toolsSteve Quirk, Robinhood chief brokerage officer, joins 'Closing Bell Overtime' to talk Robinhood's new desktop trading tools and options.

Persons: Steve Quirk

☆ Robinhood launches platform to go after bigger, more active traders
▼ + stars: | 2024-10-17 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Retail brokerage firm Robinhood is launching a new tool for more sophisticated traders as it looks for additional avenues for growth. The firm introduced Robinhood Legend, a desktop-based platform for active traders. So we set out to reimagine what a modern, intuitively designed active trading platform should look like, and built Robinhood Legend from the ground up so traders can do what they need in one place," Quirk said. Beyond the launch of Legend, Robinhood also said it will soon add futures trading and index options to its mobile platform. The new additions for Robinhood are another example of the firm looking to expand beyond its roots as a convenient platform for small-dollar traders.

Persons: Steve Quirk, " Quirk, Robinhood Organizations: Inc

The DNC will be skywriting “Vote Kamala” over Allegiant Stadium in Las Vegas for the afternoon matchup between the Steelers and the Raiders. In Green Bay and Charlotte, the DNC will fly a plane over Lambeau Field and Bank of America Stadium, respectively, with banners reading “Sack Trump’s Project 2025! Vote Kamala!” The party will also be flying a plane over Lincoln Financial Field in Philadelphia during the Eagles’ game against the Cleveland Browns, reading: “Go Birds! Sack Project 2025. The former president has blanketed the airwaves during football games in recent weeks with ads that take issue with Harris’ past support for taxpayer-funded gender-affirming treatments.

Persons: Kamala ”, Kamala, ”, Donald Trump, “, Donald Trump’s, Abhi Rahman, Kamala Harris ’, Tim Walz, Harris ’, Harris, Trump, Brian Urlacher Organizations: Democratic National Committee, NFL, NBC News, Green Bay Packers, Arizona Cardinals, Carolina Panthers, Atlanta Falcons, Las Vegas Raiders, Pittsburgh Steelers, Allegiant, Steelers, Raiders, DNC, Lambeau Field, Bank of America, Lincoln Financial, Eagles, Cleveland Browns, NBC, ” DNC, Minnesota Gov, Harris ”, of Famers, Trump hasn’t, Chicago Bears, Detroit Tigers, Cleveland Guardians, Philadelphia Phillies Locations: Las Vegas, Green Bay, Charlotte, Philadelphia, Alabama, Georgia

☆ New Croc clogs mean matching togs for your dogs
▼ + stars: | 2024-10-12 | by ( Erika Tulfo | ) edition.cnn.com time to read: +3 min

CNN —From cowboy boots to fried chicken-scented charms, foam footwear maker Crocs has a reputation for quirk. This month, Crocs is putting its best paw forward: The quirky-but-comfortable footwear maker is releasing a line of clogs for dogs. Pet Clogs are part of a partnership with pet supply company and subscription service BARK as part of Crocs’ annual “Croctober” campaign, when it releases a fan-inspired product. And sales of the footwear brand soared in 2020, thanks to the rise of casual fashion during the pandemic. “In many instances these will be fun purchases which people will share on social media, helping to amplify the Crocs brand,” he said.

Persons: Crocs, Andrew Rees, “, Justin Bieber, Bad, ”, Neil Saunders, Lightning McQueen, Saunders Organizations: CNN, Labor Statistics, American Pet Products, Disney, DreamWorks Locations: Crocs

☆ Costco saw 'abnormal' shopping behavior due to Hurricane Helene and the US port strike
▼ + stars: | 2024-10-10 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Costco shoppers stocked up on supplies in anticipation of the US port strike and Hurricane Helene. The quick resolution to the port strike will likely minimize the disruption to the flow of imports. AdvertisementShoppers turned to Costco to prepare ahead of hurricanes and the US port strike. In a quirk of Costco bookkeeping, the final week of the retailing month of September actually ended on October 6. AdvertisementThe stoppage was relatively short-lived, and those preparations could minimize disruption for Costco as the ports work through any remaining backlogs.

Persons: Costco, —, Hurricane Helene, Helene, Milton, we've, Ron Vachris, We've Organizations: Costco, Service, Shoppers Locations: U.S

ANN ARBOR, Mich. — Battleground state election officials from both parties are pushing back against a falsehood that has proven pervasive ahead of the 2024 reaction: that noncitizens are voting in widespread numbers. The comments came as former President Donald Trump and his GOP allies have talked up efforts to crack down on noncitizens voting, which is already illegal. Maricopa County has sued seeking clarity on whether those voters can vote in state and local elections this fall. Republicans at the national and state level have fueled unfounded noncitizen voting claims in the run-up to this year's presidential election. Election officials said Thursday they were taking steps to debunk conspiracy theories ahead of the 2024 election.

Persons: Donald Trump, “, ”, Al Schmidt, Schmidt, they’re, Jocelyn Benson, Benson, ” Benson, —, Bob Bauer, Ben Ginsberg, Brad Raffensperger, ” Raffensperger, we’re, Mike Johnson, Ken Paxton, they're, it's, Karen Brinson Bell, It's, Stephen Richer, Katie Hobbs, Richer, Kim Pytleski Organizations: GOP, Department of Transportation, The, Republican, Republicans, Texas, Arizona Gov Locations: Mich, —, Pennsylvania, Philadelphia, Michigan, American, Arizona, Maricopa County, Georgia, Oconto County , Wisconsin

☆ 40-year-old self-made millionaire: 5 frugal habits I'll never quit
▼ + stars: | 2024-09-18 | by ( Jonathan Sanchez | ) www.cnbc.com time to read: +6 min

Although I hit this financial milestone, there are some frugal habits that I will never give up:1. Thanks to that mindset, I'm still very cautious about my credit card usage. I always pay off the credit card balance every month to avoid paying additional interest. Ultimately, these frugal habits help us put our resources towards the things that matter the most to us. He was raised with frugal habits and by practicing wise money decisions, became a millionaire in his 30s.

Persons: —, I'm, frugality, I've, Vue, Randy Pausch, Jonathan Sanchez Organizations: Parent Locations: Omaha

☆ I have no inner monologue. I was shocked when I found out others do.
▼ + stars: | 2024-09-15 | by ( Rachel Morgan Cautero | ) www.businessinsider.com time to read: +1 min

When I first realized my now-husband had an inner monologue, I thought something was wrong with him. My head is quiet all the time, which puts me in the minority since most people have a monologue. 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 . "Oh, you mean how I just vocalize my inner monologue?

Persons: —, I've Organizations: Service, Business

☆ U.S. job growth revised down by the most since 2009. Why this time is different
▼ + stars: | 2024-08-21 | by ( Steve Liesman | ) www.cnbc.com time to read: +4 min

A few facts worth considering:By the time the 2009 revisions came out (824,000 jobs were overstated), the National Bureau of Economic Research had already declared a recession six months earlier. (It would subsequently be revised higher in the two of those quarters, one of which was revised higher to show growth, rather than contraction. As a signal that job growth has been overstated by an average of 68,000 per month during the revision period, it is more or less accurate. In the cutting process, the Fed will follow growth and jobs data more closely, just as it monitored inflation data more closely in the hiking process. The jobs data could be subject to noise from immigrant hiring and can be volatile.

Persons: payrolls, Goldman Sachs Organizations: Amerant, National Bureau of Economic Research, Bureau of Labor Statistics, Goldman Locations: Florida, Sunrise , Florida

New York residency is especially important to Mr. Kennedy because his running mate, Nicole Shanahan, lists California as her home. Mr. Kennedy, 70, an environmental lawyer, spends most of his time at a home in Los Angeles that he shares with his wife, the actress Cheryl Hines. “New York has been his residence continuously since 1964, and Mr. Kennedy has deep ties to it,” Mr. Savino said in the statement. Mr. Kennedy revealed the bear-dumping in a video he posted on social media just before a critical New Yorker profile that included the same anecdote was published. After the bear story became public — resulting in a barrage of public criticism and mockery — Mr. Kennedy sought to fire back, placing a post on X.com on Tuesday, attacking the “mainstream media.”“The more you smear me,” Mr. Kennedy wrote, “the more I’ll keep speaking.”

Persons: Robert F, Kennedy Jr, Kennedy, —, Kennedy’s, William F, Savino, “, ”, Paul Rossi, Christina L, Lis Smith, Donald J, Biden, Trump, Kamala Harris, Nicole Shanahan, Cheryl Hines, ” Mr, Barbara Moss, Ms, Moss, David Michaelis, Nancy Steiner, Steiner, Michaelis, Moss’s, Bobby, Mr Organizations: Clear Choice, Democrat, Constitution, Democratic National Committee, Democratic Party, Democratic, Trump, Mr, New, New York Post, Westchester, Yorker Locations: York, Albany, N.Y, New York, Manhattan, U.S, Michigan, North Carolina, Hawaii , New Jersey, North Carolina . New York, California, Los Angeles, Katonah, New York City, Westchester County, “, Central Park, X.com

☆ Our bend-don't-break economy is reaching its limit
▼ + stars: | 2024-08-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, interest-rate cuts are almost certainly coming, but the relief won't be felt immediately . The big storyCrash landingKevin Dietsch/Getty, Tyler Le/BIOur bend-don't-break economy might finally have reached its limit. After a year of resiliency in the face of high interest rates, the cracks are showing in the US economy. But it's not a silver bullet, and the rate cut's effect will take time to make its way through the economy.

Persons: —, Kevin Dietsch, Tyler Le, it's, Chelsea Jia Feng, Claudia Sahm, Madison Hoff, McDonald's, Jared Siskin, Bobby, Jordan Grumet, Justin Best, Brian Stauffer, Michal Kosinski, Rob Price, sompong, Seng kui Lim, Getty, Joe Biden's, Elon, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Relief, Getty, Fed, Amazon, Big Tech, Madison, Park Conservancy, Citadel, FIRE, Union Square Advisors, Nvidia, America Locations: resiliency, Central, Switzerland, Canada, Park, Paris, New York, London

☆ Taylor Fritz’s marathon Olympic day at Roland Garros: 3 matches in 9 hours
▼ + stars: | 2024-08-01 | by ( Zack Pierce | ) www.nytimes.com time to read: +5 min

“I can get excited for these type of things.”Fritz couldn’t remember the last time he had a day like this. Maybe you’re staying and watching a teammate, or maybe you have to play three matches in one day. He had his usual physio treatment and warmup, played his singles match, then spent the time in between matches trying to eat and hydrate in the drenching heat. Taylor Fritz's long day at Roland Garros Time (in Paris) Event 1:03 p.m. Steps onto Court 14 for his singles match 2:34 p.m. Singles match ends 4:12 p.m. Rain delay during match before his doubles match 4:42 p.m.

Persons: PARIS, Coco Gauff, Taylor Fritz, Canada’s Gabriela Dabrowski, zipping, Fritz, Dabrowski, he’d, Roland Garros, ” Fritz, Italy’s Lorenzo Musetti, “, ” Fritz couldn’t, it’s, ”, “ I’m, Matthew Stockman, Tommy Paul’s, Robin Haase, Jean, Julien Rojer, Paul breezed, Britain’s Dan Evans, Andy Murray, Paul, ” Paul, It’s, Taylor Fritz's, Mathieu, subbing, ‘, Gauff, Mathieu —, Felix Auger, Aliassime, Fritz’s, I’m Organizations: Olympics, Roland, Getty, Paris Games, Britain’s, Gauff, Canadian, Canadians Locations: American, Paris, “

☆ Warren Buffett starts downsizing his Bank of America bet — Here's what could lie behind the move
▼ + stars: | 2024-07-28 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

Warren Buffett surprised many investors by downsizing one of his longest held and largest positions — Bank of America . Berkshire Hathaway recently unloaded 52.8 million Bank of America shares worth $2.3 billion during a six-day selling spree, the first time since late 2019 that the Omaha-based conglomerate reduced its holding. The legendary investor said then that he liked the business, valuation and management of the Charlotte-based bank "very much." BAC YTD mountain Bank of America Tax liability Taxes could also be a motivating factor in the BofA sale. Buffett, who paid over $5 billion in corporate taxes in 2023, believes the corporate tax rate could move higher to help fill the government's yawning gap between spending and revenue.

Persons: Warren Buffett, Buffett, Brian Moynihan, James Shanahan, Edward Jones, BofA, … BofA, they'd, Moynihan Organizations: — Bank of America, Oracle, Omaha . Berkshire Hathaway, of America, Berkshire, Apple, Bank of America Locations: Omaha ., Omaha, Berkshire, BofA, Charlotte

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