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☆ Here are Thursday's biggest analyst calls: Nvidia, Apple, Coca-Cola, McDonald's, Palantir & more
▼ + stars: | 2024-12-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Here are Thursday's biggest calls on Wall Street: UBS upgrades Diageo to buy from neutral UBS said it sees brand momentum for the beverage company. JPMorgan upgrades Brookfield Renewables to overweight from neutral JPMorgan said it's bullish on shares of the renewables company. Wells Fargo reiterates McDonald's as overweight The firm said it's a top idea heading into the holidays and 2025. " Bank of America upgrades Constellation Energy to buy from neutral The firm said shares of the energy company are "compelling." Goldman Sachs reiterates AT & T as buy The firm said the telecom company is a top idea in 2025.

Persons: Don Julio, Goldman Sachs, Nucor, Bernstein, Apple, it's, Morgan, Wells, Blackstone, TD Cowen downgrades Adobe, Cowen, KeyBanc, Mizuho, Morgan Stanley, Roblox, Hershey, it's bullish, Woodward, Goldman, bullish, TD Cowen, Baird, Palantir, Dr Pepper, Disney, Parsons, Jefferies Organizations: UBS, Diageo, Crown, Dynamics, Gulfstream, Apple, JPMorgan, Brookfield Renewables, Brookfield Renewable Partners, Brookfield Renewable Corp, Morgan Stanley, Alcoa, Mobile, Nvidia, Mizuho, MU, DELL, HSBC, Hershey, UW, EW, Citi, American Airlines, Benchmark, Penske, Penske Auto Group, AWS, Adv, Energy, Deutsche Bank, Pepsi, Deutsche, Beverage, Disney, " Bank of America, Inc, Holdings, Constellation Energy, Constellation Energy Group, DoD, Federal Civilian, Emerson Electric, Jazz Pharmaceuticals Locations: Western Australia, Wells Fargo, 1H25, CRDO, Mar

☆ Social Security union secures telework deal as Trump’s DOGE plans crackdown
▼ + stars: | 2024-12-04 | by ( Tami Luhby | ) edition.cnn.com time to read: +3 min

CNN —Tens of thousands of Social Security Administration staffers can continue teleworking into 2029 under a recent deal signed between their union and the agency. Depending on their job at the Social Security Administration, AFGE members have to report to the office between two and five days a week. “The Social Security Administration memorialized its preexisting telework policy into its existing contract with AFGE that was already effective through 2029,” a spokeswoman said. The telework privileges for many unionized federal workers are part of their collective bargaining agreements, making it more difficult to change the terms without negotiations. Overall, federal employees who are eligible to telecommute spend just over 61% of their regular working hours in person, the OMB found.

Persons: Rich Couture, AFGE, Martin O’Malley, ” Couture, ”, Donald Trump’s, Elon Musk, Vivek Ramaswamy, ” Musk, Ramaswamy, Biden Organizations: CNN, Social Security, Trump, Government, American Federation of Government Employees, union’s, SSA, Democratic National Committee, Agency, Social Security Administration, Bloomberg News, Donald Trump’s Department, Republican, Republican House, Capitol, Management, OMB

☆ What to know about federal employees working from home as DOGE looks to end remote work
▼ + stars: | 2024-11-24 | by ( Tami Luhby | ) edition.cnn.com time to read: +6 min

Only a small share of employees work fully remotely. During the pandemic, many departments allowed more staffers to telecommute — though about half of federal employees continued to work fully in person. Looking at all federal employees, nearly 80% of the hours they work are in person, the OMB report found. “I don’t think you can just eliminate a quarter or half of federal employees on an ad hoc basis without paralyzing the government,” he said. It could also prompt talented federal employees to seek jobs in the private sector.

Persons: CNN — Elon Musk, Vivek Ramaswamy, Ramaswamy, Donald Trump, ”, telecommute, Fareed Zakaria, Everett Kelley, Brian Riedl, “, ” Riedl Organizations: CNN, Management, Department of Government Efficiency, OMB, Federal, Department of Agriculture, Homeland Security, Treasury, General Services Administration, Education, Housing, Urban, Treasury Department, American Federation of Government Employees, District of Columbia, Department of Veterans Affairs, Border Patrol, Transportation Security Administration, Congressional, Manhattan Institute Locations: State, Interior

☆ DOGE aims to cut the number of federal workers. Here are the 20 highest-paying federal jobs.
▼ + stars: | 2024-11-23 | by ( Madison Hoff | Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

AdvertisementTrump's new Department of Government Efficiency aims to reduce the number of federal workers. Business Insider looked at the highest average salaries of federal civilian employees by occupation. The top 20 had average salaries over $160,000, with medical officers ranking No. Three of the five jobs with the highest average salaries were health-related. Financial analysis workers rounded out the top 20 highest-paying jobs on average; their largest employer, with about 300 analysts, was the Federal Deposit Insurance Corporation.

Persons: Donald Trump's, Elon Musk, Vivek Ramaswamy, Ramaswamy, Trump, Karoline Leavitt, Vance Organizations: of, Efficiency, Business, Trump's Department, Government, Tesla, GOP, Street Journal, Management, Department of Veterans Affairs, Federal Deposit Insurance Corporation, Department of Education, Department of Energy, Trump, mhoff

☆ Musk and Ramaswamy float ending remote work for federal employees and ‘large-scale firings’
▼ + stars: | 2024-11-20 | by ( David Ingram | David Ingram Is A Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +4 min

Incoming Trump administration advisers Elon Musk and Vivek Ramaswamy on Wednesday floated ending remote work for federal workers, calling the practice a “privilege” left over from the pandemic. “Requiring federal employees to come to the office five days a week would result in a wave of voluntary terminations that we welcome: If federal employees don’t want to show up, American taxpayers shouldn’t pay them for the Covid-era privilege of staying home,” the two men wrote. The future of remote work for office-based employees is hotly debated. Some unionized federal workers have criticized Musk and Ramaswamy, saying they don’t know what they’re doing. Erwin said the two tech figures “make absurd claims about government waste and bash dedicated federal employees.” His union says it represents 110,000 federal employees.

Persons: Elon Musk, Vivek Ramaswamy, ”, Biden, Ramaswamy, Donald Trump, Musk, Randy Erwin, Erwin Organizations: Trump, Street, Management, of Government, SpaceX, CNBC, Tesla, National Federation of Federal Employees Locations: Washington

☆ Intelligence agencies, already anxious over Trump, find some solace in Ratcliffe pick for CIA
▼ + stars: | 2024-11-13 | by ( Katie Bo Lillis | ) edition.cnn.com time to read: +10 min

Current and former officials also cautioned not to assume that the intelligence community is uniformly opposed to Trump. Ratcliffe was among a cohort of Trump officials who aggressively sought the release of intelligence related to Russia and the FBI. Telling Trump ‘war stories’Memories of the tumultuous first Trump administration remain fresh in the minds of many career officials. One senior intelligence official said some veterans in his office told “war stories” on the morning after the election. And some fear what they say is the relative inexperience in the intelligence community of the new CIA director.

Persons: Trump, Donald Trump, John Ratcliffe, Ratcliffe, ”, “, it’s, Kash Patel, Department of Defense Kash Patel, Justin Sullivan, Patel, Gina Haspel, —, William Barr, there’s, “ That’s, Bill Burns, National Intelligence John Ratcliffe, Patrick Semansky, CNN’s Alex Marquardt, Zachary Cohen Organizations: CNN, CIA, “, Trump, Officials, Trump ’, Republican, Staff, Department of Defense, FBI, ” Trump, White, House, National Intelligence, Marine Locations: Lago, Russia, Minden, Minden , Nevada, declassifying, ODNI, Florida, United States, Iran, Washington , DC, Iraq

☆ What to know about Trump’s US government reformation plan
▼ + stars: | 2024-11-07 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +9 min

While Trump may not want to associate with that plan, it was formulated by his allies – at least 140 people associated with Project 2025 worked in Trump’s administration, according to a review by CNN’s Steve Contorno. Trump’s adviser Stephen Miller said on Fox News to expect deportations to begin the moment Trump is again president on January 20, 2025. Commonly referred to as “Schedule F,” Trump’s plan was to undo long-standing protections for nonpartisan civil servants. John McEntee, who was director of the White House Presidential Personnel Office during Trump’s first administration, worked on Project 2025, building a list of Trump loyalists suitable for administration roles. Only one of the 26 potential positions in a Trump Cabinet, Vice President-elect JD Vance, is in place.

Persons: Donald Trump, Trump, –, CNN’s Steve Contorno, Russell Vought –, Biden, What’s, Stephen Miller, “, ”, it’s, Carlos Gimenez, CNN’s Pamela Brown, ” Gimenez, we’ll, ” CNN’s Priscilla Alvarez, Tom Homan, Obama, John McEntee, McEntee, he’s, Kennedy, Walker, Joe Biden’s, JD Vance, John Kelly, Donald Jr, It’s, that’s, Nixon Organizations: CNN —, Ukraine “, Heritage Foundation, Trump, Management, National Guard, Fox News, Florida Republican, ICE, CNN, DC, White, United, Trump Cabinet, Defense and Homeland Security, Republican Locations: Ukraine, Florida, Trump, Georgia, United Nations, United States, ”

☆ Kaspersky: Biden administration preparing to prevent Americans from using Russian-made software over national security concern
▼ + stars: | 2024-04-09 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +9 min

US government agencies are already banned from using Kaspersky Lab software but action to prevent private companies from using the software would be unprecedented. It’s the latest US government effort to use its vast regulatory powers to prevent Americans from using popular technology that US officials consider a national security risk. A Kaspersky Lab spokesperson did not respond to questions about a potential prohibition or about how big the company’s market share is in the US. Commerce Department officials have to carefully consider how practical any such regulation would be for the department to enforce and for users to comply with. But the expected move from the Biden administration would go a step further by using Commerce Department authorities to prevent private companies from using Kaspersky Lab software.

Persons: CNN —, Biden, Joe Biden, Donald Trump, Kaspersky, Trump, ”, ” Henry Young, Young, Eugene Kaspersky, ” Kaspersky, hasn’t, Harold Martin, ” CNN’s Zachary Cohen, Phil Mattingly, Evan Perez Organizations: CNN, Commerce Department, Kaspersky, Commerce, Trump, Emergency Economic, Street, Companies “, Business Software Alliance, Department, McAfee, Symantec, Lab, —, Russian Ministry of Defense, West, National Security Agency, Politico, NSA, Wall Street Locations: Russian, America, Commerce, Moscow, Russia, Israel, Eugene, Ukraine

She started investing early, and increased her rate of investment after learning about FIRE. And these accounts are separate from Pham's husband — together their estimated net worth is just under $2 million. And when it feels easier to just spend freely, tracking her net worth has helped keep her focused. "That gives us another safety net," Pham says, noting the pension as an added benefit to working in public service. "By then, we should have at least $2 million in net worth.

Persons: Mia Pham, —, Pham, haven't, they've, Roth, maxing, doesn't, it's, they're Organizations: Service, Roth IRA, Toyota Locations: San Diego —, San Diego

☆ Analysis: Potential US government shutdown could dent investor confidence
▼ + stars: | 2023-09-08 | by ( David Randall | ) www.reuters.com time to read: +5 min

Investors might be more sensitive to a shutdown this time around, however. With only weeks to go before the deadline, the Republican-led House of Representatives has approved only one of those 12 bills. 'LESS FRIENDLY POLICY'If it occurs, the shutdown would be the fourth over the last decade and would furlough roughly three of out five federal civilian workers. The White House last month said it was working with Congress to hammer out a short-term funding measure to avoid a shutdown while longer-term spending talks continue. Analysts at Ned Davis Research said a shutdown could add to factors threatening to roil the economy into next year.

Persons: Dado Ruvic, Goldman Sachs, Fitch, ”, Jamie Cox, Kevin McCarthy, Joe Biden, Paul Christopher, Christopher, Ned Davis, David Randall, Ira Iosebashvili, Marguerita Choy Organizations: REUTERS, Goldman, Social, Federal, Harris Financial Group, Caucus, House Republican, Republican, Senate, Congressional, Office, Wells, Wells Fargo Investment Institute, Democrats, Ned, Ned Davis Research, CFRA Research, Thomson Locations: Wells Fargo

WASHINGTON, June 16 (Reuters) - The U.S. Department of Energy got ransom requests from the Russia-linked extortion group Cl0p at both its nuclear waste facility and the scientific education facilities that were recently hit in a global hacking campaign, a spokesperson said on Friday. Data was "compromised" at two entities within the DOE when hackers gained access through a security flaw in MOVEit Transfer. The requests came in emails to each facility, said the spokesperson, who did not say how much money was requested. "The two entities that received them did not engage," with Cl0p and there was no indication that the ransom requests were withdrawn, the spokesperson said. Cl0p has said it would not exploit any data taken from government agencies, and that it had erased all such data.

Persons: CISA, Cl0p, Allan Liska, cl0p, Liska, Timothy Gardner, Raphael Satter, Leslie Adler, Daniel Wallis Organizations: U.S . Department of Energy, DOE, Associated Universities, U.S, Cybsecurity, Infrastructure Security Agency, Thomson Locations: Russia, New Mexico, Washington

Separately, state agencies said late Thursday that millions of people in Louisiana and Oregon had their data compromised in a security breach. The cyberattack has targeted federal and state agencies. No other federal agencies have confirmed being impacted. And on Thursday, state agencies said 3.5 million Oregonians with driver’s licenses or state ID cards had been impacted by a breach as well as anyone with that documentation in Louisiana. But much of the responsibility now lies on businesses and federal agencies rather than individuals, according to Cattanach.

Persons: “, ” Robert Cattanach, Dorsey, you’re, ”, Clop, Brett Callow, Emsisoft, ” Callow, Aon, they’ve, ” CISA, Allan Liska Organizations: CNN, Infrastructure Security Agency, Whitney, Department of Justice, The Department of Energy, BBC, British Airways, Boston Globe, Sydney Phoenix, US Department of Homeland, Johns Hopkins University, University of Georgia, –, Progress Software Locations: Russian, Louisiana, Oregon, Minnesota, Illinois, Arlington , VA, Baltimore, Georgia’s

☆ Clop: Russian-speaking cyber gang claims credit for hack of BBC and British Airways employee data
▼ + stars: | 2023-06-07 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +3 min

CNN —A group of Russian-speaking cyber criminals has claimed credit for a sweeping hack that has compromised employee data at the BBC and British Airways and left US and UK cybersecurity officials scrambling to respond. The compromise of employee data at the BBC and British Airways came via a breach of a human resources firm, Zellis, that both organizations use. Numerous US state government agencies use the MOVEit software, but it’s unclear how many agencies, if any, have been compromised. The US Cybersecurity and Infrastructure Security Agency has ordered all federal civilian agencies to update the MOVEit software in light of the hack. Progress, the US firm that owns the MoveIT software, has also urged victims to update their software packages and has issued security advice.

Persons: ” They’ve, —, CISA, Eric Goldstein, Charles Carmakal, ”, Allan Liska Organizations: CNN, BBC, British Airways, Infrastructure Security Agency, Federal Bureau of Investigation, Progress Software, FBI, Mandiant Consulting, Google, LinkedIn Locations: Canada

☆ From your 401(k) to bonds, here’s how to protect your financial well-being as debt default worries grow
▼ + stars: | 2023-05-27 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +7 min

New York CNN —The White House and House GOP negotiators are rushing to finalize a deal to raise the country’s debt limit. With that X-date only about one week away, there’s still no deal to raise the debt ceiling – putting Americans’ finances in danger. If you invest in bonds, pay attention to when your Treasury bills are maturing. Stick with high-quality investmentsSteer clear of corporate junk bonds or emerging market bonds, CNN has previously reported. Federal government contractors could also see a lag in payments, which could affect their ability to compensate their workers, CNN previously reported.

In that instance, S&P Global Ratings credit rating agency downgraded the government from AAA to AA+ credit rating. The federal government maintains a perfect credit rating from Fitch and Moody’s, but that could change as the stalemate drags on. Investors care about stability and predictability, so a credit rating downgrade would send a chill down Wall Street’s spine. The broadest economic impact of a US debt default would be a recession that would encompass the global economy, including sharp job losses. And the housing market would not be spared by the “economic calamity” of a US government default, as Yellen once described it.

☆ Bank of America says A.I. 'is the new electricity’, names its top picks to play the breakout trend
▼ + stars: | 2023-02-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Just like the internet and the smartphone, artificial intelligence could dramatically alter the world we live in. And, Bank of America has some pointers for investors looking to play this burgeoning trend revolutionizing the tech industry. Given this backdrop, Bank of America highlighted 15 stocks poised to benefit from AI tailwinds in a seperate note to clients Tuesday. Along with AI frontrunners Alphabet and Microsoft , Bank of America sees Nvidia as one of the biggest AI beneficiaries. Adobe and Baidu , which plans to launch its own artificial intelligence chatbot, were also included in Bank of America's list.

☆ Combat Vet shares financial advice for military families
▼ + stars: | 2019-05-28 | by ( Bill Simonet | Managing Partner At Simonet Financial Group | ) www.nbcnews.com time to read: +7 min

The following programs are positioned to give a vet some financial guidance:Blended Retirement System (for active duty and reservists): In January 2018, the traditional military pension system was converted to the Blended Retirement System. The BRS combines elements of the legacy retirement system with benefits similar to those offered in many civilian 401(k) plans. Fewer than 20% of service members who enlist actually choose to make the military their career and retire out. Here are some pros:Provides a benefit to service members even if they choose not to spend 20 years in the military. Thrift Savings Plan (for service members not on the BRS): The Thrift Savings Plan is the federal government's version of the civilian 401(k) plan.

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