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☆ Biden-era retirement rule may be in jeopardy after Trump takes office
▼ + stars: | 2024-12-05 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

watch nowThe most immediate threat to President Joe Biden's Retirement Security Rule is that the Trump administration declines to keep defending it in court, attorneys said. What the DOL fiduciary rule doesA primary goal of the Department of Labor rule is to raise the investment-advice standard tied to 401(k)-to-IRA rollovers, especially those for certain insurance products, experts said. The new Labor rule "makes it highly likely that rollover recommendations are subject to a fiduciary standard," Reish said. The Biden-era rule would likely have the largest impact on insurance agents that sell "non-securities" products, which include certain annuities like indexed annuities, attorneys said. Texas courts likely to strike down DOL ruleTwo federal district courts in Texas issued a national "stay" of the regulation, in separate rulings in July.

Persons: Brandon Bell, Donald Trump's, Joe Biden's, Trump, Fred Reish, Drinker Biddle, Reath, Reish, Julie Su, Chip Somodevilla, —, ACLI Organizations: Getty, Labor Department, Biden, Reath LLP, Department of Labor, White House Council, Economic Advisers, Labor, U.S, Investment, Securities and Exchange, Northern, Northern District of, American, of, United States Department of Labor, Americans, Consumer Choice Locations: Texas, Northern District, Northern District of Texas

☆ 401(k) rollover advice rule is at risk. Here's what retirement savers need to know
▼ + stars: | 2024-08-12 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Two federal district courts in Texas issued a national "stay" of the regulation, in separate rulings in July. The rule will "create a level playing field" for all trusted investment professionals, according to a Labor Department spokesperson. "The insurance industry can continue to advise investors and sell annuities, without giving advice that is imprudent, disloyal, or tainted by misrepresentations or overcharges," the spokesperson said. Current retirement rollover advice rules stay in effectIn the meantime, the current status quo remains in effect, attorneys said. Current rules let brokers give investment advice that earns them a higher commission but isn't in savers' best interests, the Labor Department said during the rulemaking process.

Persons: Julie Su, Chip Somodevilla, Fred Reish, Drinker Biddle, didn't Organizations: Getty, U.S, Northern, Northern District of, American, of, United States Department of Labor, Americans, Consumer Choice, Department of Labor, Labor Department, Department of Justice, Biden, National Association of Insurance, Financial Advisors, National Association Locations: Texas, Northern District, Northern District of Texas, ACLI, NAIFA, Dallas, Fort Worth

☆ South Sudan: The world’s youngest country ready to take on Team USA at the Olympics
▼ + stars: | 2024-07-27 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +9 min

South Sudan, the world’s newest country, captured the hearts of spectators at the World Cup en route to a 17th place finish out of 32 teams. He was forced to leave South Sudan as a young child, escaping the Second Sudanese Civil War. Sporting rootsAfter decades of civil war, South Sudan gained independence from Sudan in 2011 following a referendum, making it the world’s newest widely recognized state. South Sudan players celebrate during the game against Team USA. South Sudan enters the Games bearing the additional responsibility of being the only African men’s basketball team to qualify – Nigeria qualified for the women’s competition.

Persons: LeBron James, Wenyen Gabriel, who’s, Gabriel, James Fearn, ” Gabriel, ”, Manute Bol, Luol Deng, Deng, Akuot Chol, Bol Bol, JT Thor, Duop, “, Nathaniel S, Butler, ” Deng, ” “ We’re, Hakeem Olajuwon, Joel Embiid, they’re, Kin Cheung, Paul Pierce, Gilbert Arenas, Arenas, ” Pierce, –, Luol, Royal Ivey, ” Ivey, Guillem Sartorio, Ivey Organizations: CNN, men’s, FIBA, Bright Stars, Olympics, NBA, Los Angles Lakers, Los Angeles Clippers, New Orleans Pelicans, Sudanese, Great, CNN Sport, Sporting, United Nations, South, Getty, Team USA, O2, – Nigeria, Los Angeles Lakers, USA, Houston Rockets Locations: South Sudan, Cairo, United States, Great Britain, Sudan, London, Egypt, Juba, AFP, South Sudanese, Paris, Nigeria, Cameroon, Serbia, Puerto Rico

☆ Men’s basketball at the 2024 Paris Olympics: NBA player list, how to watch and Team USA’s top threats
▼ + stars: | 2024-07-24 | by ( Mike Prada | ) www.nytimes.com time to read: +16 min

The 2024 men’s Olympic basketball tournament at the Paris Games is overflowing with star power — and not just from Team USA. Even South Sudan, the lowest-ranked team in the tournament, proved its mettle by nearly upsetting Team USA in a tune-up matchup last weekend. White was a member of the 2019 FIBA World Cup team, while Edwards and Haliburton made their debuts at the 2023 FIBA World Cup. Twenty-seven of the 30 NBA teams will have at least one player participating in this tournament. Can Team USA do it again in 2024?

Persons: Seth, Giannis Antetokounmpo’s, LeBron James, Stephen Curry, Nikola Jokić, Team USA’s, Pierre Mauroy, It’s, James, Joel Embiid, Joel, Grant Hill, Curry, Embiid, Kevin Durant, Anthony Davis, Jayson Tatum, Kawhi Leonard, Anthony Edwards, Devin Booker, Bam Adebayo, Tyrese Haliburton, Leonard, Boston Celtics ’ Derrick White, Durant, Haliburton, Tatum, Holiday, Booker, Adebayo, Embiid Curry, Tatum James, Edwards Booker, Edwards, Davis, Jordi Fernandez, Shai Gilgeous, Alexander, he’s, Jamal Murray, Dillon Brooks, RJ Barrett, Zach Edey, Dwight Powell, Kelly Olynyk, Victor Wembanyama, Wembanyama, Rudy Gobert, Bogdan Bogdanović, They’ll, Dennis Schröder, Franz Wagner, Antetokounmpo, Patty Mills, Joe Ingles, Matthew Dellavedova, Josh Giddey, Josh Green, Dyson Daniels, — Rudy Fernández, Willy Hernangomez, Santi Aldama, we’re, Bruno Caboclo, ESPN’s Fran Fraschilla, Jose Alvarado —, Rui Hachimura, Luol Deng, Dante Exum, Jock Landale, Duop, Gui Santos, Luguentz Dort, Andrew Nembhard, Nickeil Alexander, Walker, Trey Lyles, Evan Fournier, Nicolas Batum, Bilal Coulibaly, Mo Wagner, Daniel Theis, Giannis Antetokounmpo, Jose Alvarado, Nikola Jović, Vasilije Micić, JT Thor, Usman Garuba, ’, We’ll, Giuseppe Cacace Organizations: Paris Games, Paris, Team USA, Luka Dončić’s, France, Germany, USA, Australia, CNBC, Team, Serbia, Pierre, Bercy Arena, NBA, NBC, South, Telemundo, Universo, The Philadelphia 76ers, U.S, USA Basketball, Tyrese, Boston Celtics, Embiid, BetMGM, Brooklyn Nets, Jordi Fernandez . Oklahoma City Thunder, Denver Nuggets, Houston Rockets, Toronto Raptors, Grizzlies, San Antonio Spurs, Minnesota Timberwolves, Atlanta Hawks, FIBA, Veteran NBA, Orlando Magic, Bahamas, New Orleans Pelicans, Los Angeles Lakers, Cleveland Cavaliers, Utah Jazz, New York Knicks, Timberwolves, Blazers, Mavericks, Spurs, Pistons, Tominaga, Pelicans, Olympic Locations: Giannis Antetokounmpo’s Greece, Luka Dončić’s Slovenia, London, Abu Dhabi, U.S, Canada, Serbia, South Sudan, Spain, Lille, France, Paris, Australia, Spain Germany, Japan France, Brazil Greece, Sudan, Puerto Rico Serbia, Greece Canada, Australia Japan, France Brazil, Germany, Puerto Rico, Serbia USA, Japan, Brazil Australia, Spain France, USA Serbia, USA, Greece, Brazil, Cameroon, Edwards, Tokyo, Haliburton, Holiday, Jordi Fernandez ., Nigeria, Valencia, ” Puerto Rico, Tremont Waters, . Puerto Rico

☆ Investors roll more than $600 billion a year to IRAs. Anticipated Labor Department rules could raise their protections
▼ + stars: | 2023-10-06 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

This is what the Labor Department will likely tweak, attorneys said. Now, the Labor Department is trying again, though its rule likely won't be as far-reaching, experts said. The OMB has 90 days to review the rule, Borzi said, after which the Labor Department would issue its proposal publicly. watch nowBased on recent legal clues, attorneys expect the Labor Department will seek to raise the bar on all rollover advice provided by the financial ecosystem. That generally means investment advice must be given solely in investors' best interests.

Persons: IRAs IRAs, Phyllis Borzi, Obama, Reish, —, Borzi, Andrew Oringer, Sen, Bill Cassidy, Virginia Foxx, There's, They're, Fred Reish, Drinker Biddle Organizations: U.S . Department of Labor, Washington , D.C, Washington Post, The Washington Post, Getty, Investment Company Institute, ICI, Labor, Pew Research Center, Labor Department, Management, Budget, OMB, Wagner Law, Critics, Rep Locations: Washington ,, IRAs

☆ A Los Angeles Home That Channels the Magic of ‘Fantasia’
▼ + stars: | 2023-08-18 | by ( Max Berlinger | ) www.nytimes.com time to read: +1 min

By her own admission, the actor Anastasia Graff is a maximalist who loves “girlie things,” so it’s not altogether surprising that she wanted a periwinkle kitchen for her 1930s-era West Hollywood home. Still, such a bold choice could send some interior designers into a tailspin. Clad in white-painted wood siding with a wide porch, it had appealed to Graff because it reminded her of the traditional wooden homes on the East Coast, where she grew up. But it didn’t hurt that the place is part of local lore: It once belonged to the Russian-born composer and conductor Igor Stravinsky, who lived in Los Angeles from 1940 to 1969, while he conducted the L.A. Philharmonic both downtown and at the Hollywood Bowl. “You realize in Los Angeles, there’s a story behind every house,” says Graff.

Persons: Anastasia Graff, “, ”, Frances Merrill, Graff, ” Merrill, Igor Stravinsky, Merrill, gravitas, there’s, Marilyn Monroe’s Organizations: Hollywood Locations: East Coast, Russian, Los Angeles

☆ More Companies Are Hiring CMOs With Performance-Marketing Backgrounds
▼ + stars: | 2023-01-17 | by ( Patrick Coffee | Destination Xl Ceo Harvey Kanter | ) www.wsj.com time to read: +6 min

Companies looking to hire CMOs and other top-level marketing executives amid an economic downturn are increasingly favoring candidates with deep experience in so-called performance-marketing. Performance-marketing campaigns push consumers to take a specific action, such as clicking a link or providing an email address, while brand marketing aims to increase awareness of a company and shape perceptions of that business. The trend will create a challenging job market for senior executives whose careers have centered on more traditional, brand-based marketing. “If we are awesome at performance marketing and don’t understand what it means to engage a consumer—in reality that means brand-level marketing as well—we will lose,” Mr. Kanter said. PREVIEWIndustry leaders frequently debate whether brand and performance marketing should be separate disciplines run by different people.

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