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☆ A FIRE blogger decided to test the benefits of the popular triple-tax advantaged HSA. He explains why it wasn't worth the hassle and wants to switch health insurance plans in 2025.
▼ + stars: | 2024-11-20 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

AdvertisementAndre Nader switched from an EPO health insurance plan to an HDHP to get access to an HSA. He plans to switch back to an EPO plan in 2025 for simplicity. AdvertisementIn 2024, he decided to put the popular, triple tax-advantaged health savings account (HSA) to the test. You can invest your HSA funds (the investment options vary by provider), and your contributions and earnings grow tax-free. Not touching your HSA funds means covering your medical expenses out of pocket, which is what Nader did throughout 2024.

Persons: Andre Nader, Nader, Nader didn't, he'd, isn't, he'll, HSA Organizations: FIRE, IRA Locations: San Francisco

☆ An ex-Meta employee calculated that his family of 3 needs $5.6 million to retire in San Francisco. Here's the formula he used and how he plans to hit his 'enough number.'
▼ + stars: | 2024-11-14 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

When Andre Nader got laid off, he and his wife had enough in savings that he didn't have to job search. To go from 'semi FIRE' to 'full FIRE,' he calculated his family of 3 would need $5.6 million. He and his wife were living and working full-time in tech in San Francisco, raising a toddler, and loosely planning on eventually leaving the expensive Bay Area. His "enough number" is also different — it's closer to $5.6 million, he told Business Insider. His "enough number" is constantly shifting, but here's how he came up with $5.6 million for a family of three living in San Francisco.

Persons: Andre Nader, doesn't, —, Meta, Nader, They'd, I'm, I've, outsized, he's, Roth Organizations: Service, FIRE, Affordable, UC, Social Security, Vanguard, Market, Index Fund Locations: San Francisco, Meta, California

☆ I failed Meta's technical interview. Here's what it was like and what I wish I'd done differently.
▼ + stars: | 2024-10-16 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +9 min

He prepared with practice questions and mock interviews but wished he had studied differently. AdvertisementThis as-told-to essay is based on a conversation with William Orgertrice, a 29-year-old data engineer in Atlanta, about his Meta interview. If I were to go through the Meta interview process again, I would've done several things differently to perform better. The portal's practice questions were useful but significantly easier than the actual interview questions. If you've gone through the interview process for a Big Tech or FAANG company and would like to share your story, email Tess Martinelli at tmartinelli@businessinsider.com.

Persons: William Orgertrice, he'd, —, It's, they'd, I, I'd, I've, would've, they're, I'm, could've, you've, Tess Martinelli Organizations: Meta, Service, Menlo, LinkedIn, of Color, Big Tech Locations: Atlanta, tmartinelli

☆ I had a remote tech job at Amazon, but then RTO kicked in. I quit after they asked me to move to another city.
▼ + stars: | 2024-08-09 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

In July 2022, three months after graduating, I started a full-time software engineering job at Amazon after applying and interviewing for the role. I enjoyed working remotely at AmazonWhen I started working at Amazon, the job was fully remote. I went into the Toronto office a couple of times, but it was super empty. I visited the Vancouver office twice when the company flew me out for social events. Amazon asked employees to RTO and, in some cases, relocate to a new cityI liked remote work and not having to waste time commuting.

Persons: —, Gazi Jarin, I'd Organizations: Service, Business, Amazon, Toronto Locations: Vancouver, Toronto, COVID, Seattle

☆ Dating in Silicon Valley is hard. I want to be married and have kids, but Big Tech is holding me back.
▼ + stars: | 2024-07-10 | by ( Robin Madell | ) www.businessinsider.com time to read: +7 min

I work at a FAANG tech company and have been an employee and manager at three other Big Tech firms over the last 10 years. Working in Big Tech has taken a major toll on my dating and personal life. Now that I'm more interested in dating, I'm finding it very difficult. Related storiesReturning to the office meant my dating life was suddenly limited to one geographical area, and my previous dating plans went kaput. Is your Big Tech job affecting your dating life?

Persons: —, I, I'd, I've, I'm, haven't, Lauryn Haas Organizations: Service, Big Tech, Business, Amazon, lhaas@businessinsider.com Locations: Silicon Valley, East, New York, West Coast, Boston, Bay

☆ I left Google and started a recruiting platform. Here are the interview tips I suggest to help land a FAANG job.
▼ + stars: | 2024-06-23 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

So about six months ago, I quit my job as a Cloud space architect at Google to create an AI recruiting platform to help people land their dream jobs. Our conversational AI recruiter "Buddy" conducts custom simulated video interviews for job applicants based on the company's preferences, culture, and technical needs. Our vision is to scale "Buddy" to become every job seeker's companion to prepare for job interviews. Begin the interview with small talkStarting with small talk may help the interviewer remember you later on. Don't follow up right after the interviewDon't follow up with a recruiter right after the interview and don't contact them more than twice.

Persons: —, Rihab Lajmi, Buddy, we've, I've Organizations: Service, BI, Facebook, Apple, Netflix, Google, Business, Microsoft Locations: Germany

☆ I left the US for Australia. Here are the differences I've spotted in the culture and job market.
▼ + stars: | 2024-06-21 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

AdvertisementIn Australia, I've benefited from financial support from my parents and partner. I don't pay rent or utilities except for WiFi. AdvertisementI also think that this culture has allowed me to feel less pressure to go out and I've performed better academically. I don't think my job outcome would have been as good if I were in the US. My parents plan on coming back to Australia when they retire, so I am very much looking forward to that.

Persons: —, Aolin Xu, I've, I, they're, Australia doesn't, Ernst & Young Organizations: Service, Business, University of New, UNSW, Australian, US, Ernst & Locations: Australia, Washington, Canada, America, University of New South Wales, Sydney, Bali, Malaysia, EY

☆ The US job market is fiercely competitive and student debt is a huge problem. I'm glad I left for Australia.
▼ + stars: | 2024-06-21 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

My parents, who still live in the US, always talked about how much we could save if I went to university in Australia. AdvertisementIn Australia, I've benefited from financial support from my parents and partner. I don't pay rent or utilities except for WiFi. I don't think my job outcome would have been as good if I were in the US. My parents plan on coming back to Australia when they retire, so I am very much looking forward to that.

☆ An engineer landed jobs at Google and Microsoft with this 2-page résumé — and describes the section she considers a non-negotiable
▼ + stars: | 2024-05-13 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

She landed a job as a software engineer at Amazon straight out of her master's degree in computer science. After five years at Amazon, Pandey wanted to try working at other FAANG companies and applied to Microsoft and Google in 2021. Related storiesShe shared the résumé that helped her land an offer at Microsoft as well as the one she accepted at Google, a customer engineering position. AdvertisementPandey's 2021 résumé landed her roles at Google and Microsoft. Sonakshi PandeyLooking back on her 2021 résumé, Pandey said that there are two unique things about the document that worked in her favor.

Persons: —, Pandey, résumé, Sonakshi Pandey Organizations: Service, Amazon, Business, Amazon Web Services, Microsoft, Google, YouTube Locations: Seattle

☆ This Marsico fund has outperformed lately by finding the best growth stories
▼ + stars: | 2024-02-23 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Their flagship Marsico Focus Fund (MFOCX) has climbed 16% so far in 2024, through Thursday, outperforming both the S & P 500 and technology-heavy Nasdaq Composite . Between 60% and 75% of the portfolio is in "core" growth companies, or those that are likely to see sustained and predictable earnings growth. The balance is in companies undergoing large transformations that can catalyze earnings growth once a restructuring is complete. "When money was very cheap and interest rates were extremely low, it was easy to buy an index fund," Marsico said. "And that's why there's greater differentiation with stock pickers than just buying a general basket of market companies."

Persons: Tom Marsico, Jimmy, Peter, outperforming, Morningstar, Marsico, he's, Eli Lilly, Uber, Marsico's Organizations: Global, Janus, Marsico Capital, Focus, Nasdaq, MFOCX, Fund, Morningstar, The University of Denver, Microsoft, Meta, Nvidia, Apple Locations: Denver

☆ A renowned market bear who called the dot-com bubble warns concentration in tech stocks now exceeds levels seen just before the 2000 crash — and cautions that the sector's earnings are not keeping up
▼ + stars: | 2024-02-17 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

For example, the tech sector’s valuations are generally lower than they were then, though still elevated. One is that the fundamentals of the tech sector are detached from its price action. While the sector’s earnings have performed better than the rest of the market on average, earnings expectations have been rising faster than actual subsequent earnings performance. Many parallels between the dot-com bubble and today’s market have been called to light in recent weeks. Only time will tell if tech stocks are in a bubble that's due to burst.

Persons: Albert Edwards, “, ” Edwards, Edwards, Michael Hartnett, Jeffrey Schulze, Adam Karr, ”, Quincy Krosby, Hartnett Organizations: Societe Generale, Nasdaq, Business, Generale, Bank of America, Orbis Investment Management, Artificial Intelligence, LPL Financial Locations: Japan

☆ Premarket stocks: Magnificent Six? Fab Five? Some say the Seven are getting a shakeup
▼ + stars: | 2024-02-08 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —Is Wall Street’s favorite clique of tech stocks in need of a makeover? Most of the Magnificent Seven stocks have reclaimed their leadership of the market this year, with shares of Nvidia, Meta Platforms, Alphabet and Microsoft reaching record highs. Many investors are skeptical that the Magnificent Seven will match their blockbuster gains from 2023, even if they continue their leadership this year. Jim Worden, chief investment officer at the Wealth Consulting Group, says he believes the group should consolidate to the “Fab Five,” which he classifies as the Magnificent Seven minus Tesla and Apple. “There is a big leadership change underway in the Magnificent Seven stocks,” wrote Louis Navellier, chairman of Navellier & Associates, in a note on Tuesday.

Persons: Jim Worden, ”, Worden, Michael Hartnett, Jim Cramer, Louis Navellier, “, Nancy Tengler, It’s, Walt, Gina Lee, Samantha Delouya, Disney, Ron DeSantis, Diksha Madhok, ” TSMC, Joe Biden, ” Read Organizations: CNN Business, Bell, New York CNN, Nvidia, Meta, Microsoft, Apple, Wealth Consulting, Bank of America, Facebook, Netflix, Google, Federal Reserve, Micro Computer, Navellier, Associates, EV, Disney, Walt Disney World, Disney Vacation, Taiwan Semiconductor Manufacturing Company, Semiconductor Manufacturing, TSMC, US Locations: New York, China, American, Orlando , Florida, —, Florida, Japan Chip, Japan, Arizona

☆ Booming semiconductor companies just earned one more market leadership honor
▼ + stars: | 2024-02-08 | by ( Ian Thomas | ) www.cnbc.com time to read: +2 min

Chip stocks have been on a stock market tear for the last year, outpacing FAANG and other tech sector leaders in a rapid rise boosted by market enthusiasm for advanced AI chips. That success has now migrated over to another corporate performance measure. Semiconductor companies overtook FAANG stocks in Just Capital's annual ranking of public companies on issues of importance to the American public, with Intel , Advanced Micro Devices , and Micron Technology all finishing within the top 10. Semiconductor firms ranked highly on this year's JUST 100 list, Whittaker said, not only due to the number of jobs that they created relative to other industries, "but the adoption and expansion of policies that support workers and communities." AMD also disclosed its minimum yearly salary for the first time as well as providing more information around career development and benefits, leading to a higher worker score.

Persons: outpacing FAANG, Martin Whittaker, Paul Tudor Jones, Whittaker, Russell Organizations: Semiconductor, Intel, Devices, Micron Technology, Apple, Microsoft, Nvidia, Qualcomm, Lam Research, Materials, Cirrus, Just, " Semiconductor, AMD, Capital

☆ Apple is losing momentum ahead of earnings, reducing chances of a breakout, according to the charts
▼ + stars: | 2024-02-01 | by ( David Keller | ) www.cnbc.com time to read: +4 min

Of the mega-cap growth stocks, Apple (AAPL) has certainly been a bit of a technical outlier in recent months. That downtrend in Q2 began with a gap below the 50-day moving average in early August and continued with a number of failed attempts to regain that 50-day moving average on the way down. Chart suggests exhaustion Over the last three months, Apple has basically bounced back and forth between retests of the July high of around $198 and the 200-day moving average. This bearish momentum divergence suggests exhaustion of upside momentum and leaves me skeptical of further upside here. Key levels to watch include the 200-day moving average around $182, as well as the January swing low around $180.

Persons: AAPL, I'm, we've, it's, David Keller Organizations: Apple, Nvidia, Meta, David Keller https

☆ CHART OF THE DAY: Technology stocks will grow to 50% of the S&P 500 amid a growing labor shortage, Fundstrat says
▼ + stars: | 2024-01-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Fundstrat's Tom Lee believes that the technology sector will one day make up 50% of the S&P 500. During periods of extended labor shortages, like during the 1950s, 1960s, and 1990s, technology stocks significantly outperformed the S&P 500. "Technology demand, in our view, will accelerate as companies seek to offset labor shortage," Fundstrat said. "The outperformance of technology during periods of labor shortage is substantial — and we believe the forecasted 2015 to 2047 [labor shortage] to benefit technology stocks," Fundstrat said in a recent note. "We like technology/FAANG $XLK $QQQ," Lee said, referring to the mega-cap tech stocks, the technology sector, and the Nasdaq 100.

Persons: Fundstrat's Tom Lee, —, Tom Lee, Fundstrat, Lee Organizations: Service, Technology, Nasdaq Locations: Fundstrat

☆ After big tech layoffs, Silicon Valley may have lost its monopoly on workers
▼ + stars: | 2024-01-14 | by ( Rachel Curry | ) www.cnbc.com time to read: +6 min

According to Dice's 2023 Tech Sentiment Report, 60% of tech workers in general are interested in leaving their jobs in 2024, which is up from 52% the year prior. According to Art Zeile, CEO of tech careers marketplace Dice, tech workers are most in demand in the aerospace, consulting, health care, financial services and education industries. Zeile says it's in spaces like these — non-tech enterprises with major tech branches — that tech workers can find better work-life balance and more stability than the tech leaders can provide. In corporate America outside of big tech, he said, "There is more of a dedication to making sure that the project gets fulfilled." Tech job growth geographicallyUltimately, Zeile says recent layoffs have induced a jarring disruption in two decades of growth in big tech.

Persons: Justin Sullivan, Jeff Spector, Spector, I'm, CBRE, Art Zeile, Zeile Organizations: Google, Tech, Meta, Microsoft, MGM Studios Locations: Mountain View , California, Silicon Valley, Seattle, America, India

☆ The Magnificent Seven stocks led 2023's market. Here's what the pros expect for 2024
▼ + stars: | 2023-12-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Megacap technology stocks reascended the throne in 2023 after a debilitating 2022 left some investors sour on the outlook for the industry. The stocks are really going to have to show what the next big thing is." Even as it outperformed the market, the e-commerce giant's gains were overshadowed by other large megacaps flaunting their latest AI innovations, with some worrying Amazon may be falling behind on AI technology . Semiconductor companies Intel , Broadcom and Lam Research also look attractive even if Mag 7 stocks maintain their leadership position as AI proliferates, Woods said. "It's a story that is just starting to play out and we're just going to build on it going forward," he said.

Persons: Tesla, Jay Woods, hasn't, Capital's, Woods, aren't, DoorDash, Uber, Neuberger, Dan Flax, Bard, missteps, Gene Munster, Ken Mahoney, Richard Bernstein, wouldn't, Brent Fredberg, we're Organizations: Federal, Nvidia, Amazon, Apple, Microsoft, Meta, Tesla, Freedom Capital, Asset Management, Richard Bernstein Advisors, Brandes Investment Partners, outperformance, Micron Technology, Semiconductor, Intel, Broadcom, Lam Research Locations: GOOGL

☆ FAANG and Tech are still the sectors to be in, says Fundstrat's Tom Lee
▼ + stars: | 2023-11-24 | 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 EmailFAANG and Tech are still the sectors to be in, says Fundstrat's Tom LeeTom Lee, Fundstrat Global Advisors, joins 'Closing Bell' to discuss his market outlook and sectors for investors to be in.

Persons: Tom Lee Tom Lee Organizations: Tech, Fundstrat Global Advisors

☆ Falling inflation and rate cuts may be bad for stocks, says Morgan Stanley's Mike Wilson
▼ + stars: | 2023-11-16 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Contrary to popular perception, falling inflation and interest rate cuts won't necessarily be good for stocks, according to Morgan Stanley's Chief U.S. Equity Strategist Mike Wilson. And falling inflation is bad for stocks because rising prices are what drives earnings, he explained. "Whenever inflation is falling like it is today, it's typically not good for the average stock because it's not good for earnings growth," Wilson explained. The bad news is that "it's pretty clear" that inflation is falling, he said. "So now that inflation is coming down, and they start cutting, just be careful what that means for stocks.

Persons: Morgan, Mike Wilson, Wilson, Morgan Stanley, we've, It's Organizations: Chief U.S, Equity, U.S . Federal Reserve, Morgan, Big Tech, Meta, Facebook, Apple, Netflix, Walmart, Costco . Utilities, DTE Energy, Exelon Corporation . Energy, ConocoPhillips, Marathon Oil, Valero Energy Locations: Chief, Morgan Stanley Asia, Singapore

☆ CNBC Daily Open: Markets’ bounce may be short-lived
▼ + stars: | 2023-10-31 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +4 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. But Goldman Sachs' chief equity strategist thinks such negative sentiment gives rise to a "buying opportunity," especially for a certain type of stock that boasts a healthy balance sheet . But not for Tesla Tesla shares sank nearly 5% after Panasonic said it was reducing production of electric batteries because of flagging demand for Tesla's vehicles. The spread in opinions may make the picture ahead murky, but, ironically, it does make one thing clear: markets are increasingly volatile.

Persons: Goldman Sachs, Joe Biden, Tesla, Elon Musk, Europe's, Fundstrat's Tom Lee, Lee, Hogan, Ari Wald, Oppenheimer, Wald, Morgan Stanley, Mike Wilson, Wilson —, — Organizations: New York Stock Exchange, CNBC, Consumers, U.S, Panasonic, Dow, Industrial, Dow Jones Industrial, Nasdaq, Technology, Amazon, Microsoft, Meta, Riley, Federal Reserve, Lower Treasury Locations: New York City, Lower

☆ FAANG's fundamentals are not weaker, says Fundstrat's Tom Lee
▼ + stars: | 2023-10-30 | 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 EmailFAANG's fundamentals are not weaker, says Fundstrat's Tom LeeTom Lee, Fundstrat Global Advisors co-founder, joins 'Squawk on the Street' to discuss his level of conviction on the bull case for stocks into year-end, how the mood of investors is playing into equity performance, and more.

Persons: Tom Lee Tom Lee Organizations: Fundstrat Global Advisors

☆ Fundstrat's Tom Lee: This is the time to get into FAANG
▼ + stars: | 2023-10-27 | 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 EmailFundstrat's Tom Lee: This is the time to get into FAANGTom Lee, Fundstrat Global Advisors co-founder, joins 'Closing Bell' to discuss FAANG stocks, earnings season and the slight surge in Bitcoin.

Persons: Tom Lee Organizations: Fundstrat Global Advisors

☆ Here's what all the major analysts are saying about Alphabet before earnings
▼ + stars: | 2023-10-24 | by ( Hakyung Kim | ) www.cnbc.com time to read: +6 min

Wall Street is optimistic ahead of Google 's quarterly earnings announcement Tuesday as the tech giant's advertising revenue growth shows signs of recovery. Analyst Ronald Josey estimates search revenue growth gained 11.3% year-over-year, versus the consensus projection of 9.6%. Bank of America sees search growth accelerating Bank of America also maintained its buy rating and $146 price target. We expect disruption with the format change, which will likely drive headwinds to medium-term search growth. Competitors are likely to bid aggressively for Google's search distribution partnerships, driving profitability lower.

Persons: Doug Anmuth, he's, Ronald Josey, Max, Jefferies, Brent Thill, Michael Bloom Organizations: Google, YouTube, Deutsche, JPMorgan, Citi, 3Q, Bank of America, of America, 2H, 12.1x Locations: Monday's, Wells

☆ AI gave tech giants a $2.4 trillion boost to their market caps in 2023
▼ + stars: | 2023-10-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Nvidia's high-performance chips power many advanced generative AI models, which produce new content from huge volumes of training data. The world has been abuzz with talk about generative AI tools like OpenAI's ChatGPT, Google's Bard and Anthropic's Claude. The U.S. led the way in generative AI funding deals, with the likes of OpenAI and Anthropic raising billions. AccelIn Europe, three of the biggest generative AI company rounds came out of France — Hugging Face ($235 million), Poolside ($126 million) and Mistral AI ($113 million). In Europe and Israel, 40% of new unicorns were in generative AI; in the United States, it was 80%.

Persons: Botteri, Google's Bard, Anthropic's Claude, Philippe Botteri, they're, OpenAI, they'd Organizations: Future Publishing, Getty Images, Accel, Apple, Microsoft, Nvidia, Companies, Nasdaq, U.S, Public, CNBC, Mistral, Tech, Big Tech, FAANG, Netflix, Google Locations: U.S, Unity, Europe, Israel, France, United States

☆ Disney's future, a hot topic among Hollywood elite
▼ + stars: | 2023-08-14 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +5 min

[1/2] Executive Chairman of the Walt Disney Company, Bob Iger arrives at the world premiere for the film 'The King's Man' at Leicester Square in London, Britain December 6, 2021. REUTERS/Hannah McKay/File PhotoAug 14 (Reuters) - Hollywood's favorite parlor game of the week: What will Bob Iger do next? Another veteran media executive predicted Disney would spin off the television asset to its shareholders as a separate, publicly traded company by 2024, with private equity potentially playing a role. "You sell the parts, then sell what's left," said the veteran. Reporting by Dawn Chmielewski in Los Angeles; Editing by Kenneth Li and Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Bob Iger, Hannah McKay, Walt Disney, Iger, Jeff Bewkes, what's, It's, Laura Martin, Dawn Chmielewski, Kenneth Li, Richard Chang Organizations: Walt Disney Company, Leicester Square, REUTERS, U.S ., Walt, CNBC, Reuters, ESPN, Disney, ABC, Disney Channel, NBA, Comcast, Hulu, Time Warner, Google, Facebook, Apple, Netflix, MGM, Needham, Thomson Locations: London, Britain, Culver City, New York City, U.S, Hulu, Hollywood, Los Angeles

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