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President-elect Donald Trump's second term could spell big gains for Robinhood , according to Bernstein. Analyst Gautam Chhugani, who has an outperform rating on the stock, increased his price target by $21 to $51 and named it his top "crypto deregulation" trade. "But under a potentially new pro-crypto SEC, this looks set to change, and we expect HOOD to be the biggest beneficiary of crypto regulatory tailwinds." Among the 17 analysts covering Robinhood, nine have a strong buy or buy rating, according to LSEG data. On the other hand, seven have taken a neutral stance with a hold rating and one has an underperform rating.
Persons: Donald Trump's, Bernstein, Gautam Chhugani, skyrockets, Chhugani, Gary Gensler, HOOD, , Oppenheimer, Teresa Goody Guillén –, BakerHostetler, Trump, Owen Lau Organizations: Robinhood, Securities and Exchange Commission, Trump, SEC Locations: HOOD
If you still haven’t booked your holiday travel plans, take note: Prices tend to rise the closer you get to the days you’re looking to travel. To afford holiday trips, about 50% of respondents are cutting back on other expenses while 49% are picking up discounts and deals, according to the 2024 Holiday Travel Outlook by Hopper, a travel site. Some last-minute holiday travelers are leaning into so-called “Travel Tuesday” — or the Tuesday after Cyber Monday and Black Friday — which falls on Dec. 3 this year. As you shop, make sure to read the fine print in case discounts only apply for certain routes and days, Dengler explained. “I really encourage travelers to do that exploration now so that on Travel Deal Tuesday, they can be ready to actually book,” she said.
Persons: Hopper, , ’ ”, Sally French, , Phil Dengler, Hayley Berg, Dengler, NerdWallet’s, “ They’re, you’ll, ” Dengler, you’re, Berg, Organizations: McKinsey and Company, Travel, Travel Deal, Black
The survey polled 2,000 U.S. retail ETF investors in March. "The continued growth of retail investors investing in ETFs is certainly not going away," she said. watch nowMeanwhile, associated fees with ETFs tend to be much lower compared to mutual funds and other index funds. Index ETFs have a 0.44% average annual fee, half the 0.88% fee for index mutual funds, according to Morningstar. Similarly, active ETFs carry a 0.63% average fee, versus 1.02% for actively managed mutual funds, Morningstar data shows.
Persons: Oscar Wong, John Healy, Healy, He's, Young, Zers, Gen, Alison Hennessy, Hennessy, Tommy Lucas, Moisand Fitzgerald Tamayo, Lucas Organizations: Nasdaq, millennials, Morningstar Locations: New York City, U.S, Orlando , Florida
Americans are determined to travel this holiday season — and certain workarounds are helping them take those trips. This flexibility allows workers to take trips they might not otherwise, or stretch their trips for longer, according to the survey. The change in laptop luggers is "a pretty high jump. "The value to U.S. workers of being able to work from anywhere has clearly grown over the course of the great remote work experiment," she said. "People are willing to cut corners to save money, but they don't want to skip the trip entirely," said Ted Rossman, an industry analyst at Bankrate.
Persons: Gen Zers, Eileen Crowley, Julia Pollak, Ted Rossman Organizations: Deloitte, Finance, ZipRecruiter
Many readers said that while they didn’t absolutely need to start collecting Social Security early, they calculated that they would come out ahead by investing some or all of their checks in the stock market rather than waiting. I agree with Peggy Bishop that some people simply have to collect Social Security at the first opportunity. They don’t have enough savings to tide them over to age 70 without Social Security. Saying you should delay claiming Social Security when possible is not the same as saying you should keep working past the breaking point of body and soul. Readers brought up other cases where claiming early might be the right decision, although it’s impossible to generalize.
Persons: it’s, Peggy Bishop, Teresa Ghilarducci, you’ve, you’ll, Readers, you’re Organizations: Social, Social Security
Don't expect 'huge swings' on mortgage ratesElection uncertainty contributed to an upward swing in mortgage rates during October. But now that we have a president-elect, mortgage rates are expected to gradually come down over time, Lautz said. Experts say that mortgage rates might head into a "bumpy" or "volatile" path over the next year. "Our expectation is that rates are going to be in the 6% range as we move into 2025," she said. For example, if you bought your home around this time last year, when mortgage rates peaked at around 8%, you might benefit from a mortgage refinance, Lautz said.
Persons: Freddie Mac, it's, Jessica Lautz, Lautz, Jerome Powell, Robert Dietz, Jessica Lautz Jessica Lautz, Jeff Ostrowski, Jacob Channel Organizations: Getty, Federal Reserve, National Association of Realtors, Treasury, Trump, Federal, CNBC Locations: U.S
In fact, some borrowers are still paying off debt from last year's purchases. To that point, 28% of shoppers who used credit cards have not paid off the presents they bought for their loved ones last year, according to a holiday spending report by NerdWallet. However, this is a slight improvement from 2023, when 31% of credit card users had still not paid off their balances from the year before. Although overall credit card balances were 6.9% higher at the end of the third quarter compared to a year earlier, that's a significant improvement from the 15% year-over-year jump from Q3 2022 to Q3 2023, TransUnion found. Recent wage gains have also played a role, according to Paul Siegfried, TransUnion's senior vice president and credit card business leader.
Persons: TransUnion, Michele Raneri, Paul Siegfried, TransUnion's Organizations: Finance, TransUnion
President-elect Donald Trump wants to address housing affordability in the U.S. by fomenting the construction of new homes. "We're going to open up tracks of federal land for housing construction," Trump said during an Aug. 15 news conference. While building more homes is the simpler answer to address the housing issue in the country, other promises Trump has made could deter affordability efforts, experts say. He also claimed that he would pull down mortgage rates back to pandemic-era lows, although presidents do not control mortgage rates, experts say. Here's how some of Trump's policies could affect the housing market during his administration, according to experts:
Persons: Donald Trump, Trump, Jim Tobin, it's, Jacob Channel Organizations: National Association of Realtors, National Association of Home Builders, Finance, Federal Reserve, Social Security, LendingTree Locations: U.S
Rome, Italy Reuters —Italian police have uncovered a large-scale pan-European forgery network making and selling fake artworks attributed to some of the biggest names in modern and contemporary art including Banksy, Pablo Picasso and Andy Warhol. The chief prosecutor of Pisa, Teresa Angela Camelio, said experts from the Banksy archive who assisted with the investigation considered Monday’s operation as “the biggest act of protection of Banksy’s work.”Some of the fake artworks displayed by the Carabinieri in Pisa, Italy. 02:42 - Source: CNNThey said their probe started in 2023 when they seized about 200 fake pieces from the collection of a businessman in Pisa including a copy of a drawing by Italian painter Amedeo Modigliani. That led them to forgeries sold by auction houses across Italy, and to connect them to a known group believed to specialize in forgeries of Banksy and Warhol. To boost their credentials, the unnamed suspects organized two Banksy exhibitions with a published catalog in prestigious locations in Mestre near Venice and Cortona in Tuscany, investigators said.
Persons: Banksy, Pablo Picasso, Andy Warhol, Teresa Angela Camelio, , Claude Monet, Vincent Van Gogh, Salvador Dalí, Henry Moore, Marc Chagall, Francis Bacon, Paul Klee, Piet Mondrian, Amedeo Modigliani, Warhol Organizations: Italy Reuters, Carabinieri, Reuters, Reuters Pest Control, CNN Locations: Rome, Italy, Spain, France, Belgium, Pisa, Reuters Pest, Tuscany, Venice, Europe, Mestre, Cortona
Meanwhile, 28% of holiday shoppers still have not paid off the gifts they purchased for their loved ones last year, according to another holiday spending report by NerdWallet . Major retailers tend to heavily discount some of their products as the holiday season unfolds. Heading into the peak holiday shopping season, there are a few steps you can take to help maximize your cash. "Slow shopping encourages consumers to think through each potential purchase rather than jumping on impulse," Woroch said. "This allows you to be mindful about what you're buying, why you're buying and who you're buying for while also giving you time to save up, compare prices and look for coupons," Woroch added.
Persons: they'll, Adam Davis, Davis, Sara Rathner, Sofia Baig, Gen, Andrea Woroch, Woroch Organizations: NerdWallet, National Retail Federation, U.S, Wells, Wells Fargo Retail Finance, Morning Locations: Wells Fargo, Novi , Michigan
Meet the Press – November 10, 2024
  + stars: | 2024-11-10 | by ( ) www.nbcnews.com   time to read: +56 min
ANNOUNCER:From NBC News in Washington, the longest-running show in television history, this is Meet the Press with Kristen Welker. In a Meet the Press interview during his 2016 run, he suggested that his insurgent bid could generate cross-party appeal. AMY WALTER:Yeah, and the other thing that, you know, Democrats have been dining off the anti-Trump coalition now since 2017. RAMESH PONNURU:I think Democrats wildly overestimated the power of the abortion issue to drive candidate choice as opposed to referendum. There would be pressure on the president, President Biden, to not run for reelection.
Persons: KRISTEN WELKER, DONALD TRUMP, PRES, JD VANCE, Donald Trump, KAMALA HARRIS, Kamala Harris, JOE BIDEN, John Barrasso of, Bernie Sanders, Garrett Haake, Amy Walter, Ramesh Ponnuru, María Teresa Kumar, it’s, Kristen Welker, Trump, SEN, TED, JOHN MORENO, JD Vance, MIKE JOHNSON, Biden, they've, NANCY PELOSI, Kamala, DEBBIE DINGELL, RITCHIE TORRES, DAVID AXELROD, ALEXANDRIA OCASIO, unquote, JON FAVREAU, Joe Biden's, JON LOVETT, Joe Biden, , “ It's, … they're, I'm, Steve Kornacki, STEVE KORNACKI, Kristen, , Trump's, That's, You've, Donald Trump's, Harris, Barack Obama, John McCain, it's, Steve, They're, you've, Barrasso, Press . SEN, JOHN BARRASSO, Bill Clinton “, ” Donald Trump, JOHN, We've, He's, we've, that's, Lindsey Graham, He'll, Robert F, Kennedy Jr, Trump hasn't, Susie Wiles, we're, President Trump, John Kennedy, Bobby, Sanders, BERNIE SANDERS, Let's, Nancy Pelosi, I’m, James Carville, JAMES CARVILLE, I've, Sotomayor, Garrett, he's, GARRETT HAAKE, John Barrasso, Paul Ryan's, Amy, AMY WALTER, – KRISTEN WELKER, It's, , María Teresa, David Noriega, Mario, DAVID NORIEGA, MIREYA ALVAREZ, MARIO ALVAREZ, MARÍA TERESA KUMAR, Ramesh, RAMESH PONNURU, Richard Nixon, Aaron Burr, didn't, he'd, They've, TERESA KUMAR, María, – MARIA TERESA KUMAR, Dobbs, should've, Harris would've, ” KRISTEN WELKER, We'll Organizations: Republicans, Senate, Vermont, NBC, Capitol Hill, National, Press, NBC News, Arizona, Democratic, Republican, REP, Twitter, Trump, Republican Senate, Supreme, White, National Political, Republican Party, Democratic Party, Biden, Senate Republican, Press ., Trump's, United States Senate, Justice Department, Democrat Party, Security, Social Security, FDR, they're, California, Mr, Trump swiped, Democrats, , Veterans Locations: United States of America, United States, John Barrasso of Wyoming, Washington, American, ALEXANDRIA, CORTEZ, USA, America, California, New York, Wisconsin, Madison , Wisconsin, Milwaukee County, Harris, Arizona, Pennsylvania, Mexico, Vermont, Nancy, Congress, U.S, Texas –, Texas, Philadelphia
While the Federal Reserve is still concerned about inflation, "we're seeing these signs of weakness in the labor market," Scanlon said. "This suggests that the labor market remains firm despite signs of weakening," J.P. Morgan noted. 'What the bond market is telling us'The stock market rallied after the presidential election results. That's what the bond market is telling us." Depending on what policies are enacted under Trump's second term, the inflation problem might get worse, experts say.
Persons: Brett House, Scanlon, There's, Mark Hamrick, J.P, Morgan, Hamrick, Trump Organizations: Columbia Business School, Bureau of Labor Statistics, Federal Reserve, of Labor Statistics, BLS, Dow Jones, Nasdaq, Treasury, Trump Locations: U.S, China
JPMorgan CEO Jamie Dimon congratulated Donald Trump on winning the White House. In a memo to staff, Dimon and other top JPM executives called for "bringing our nation together." On Wednesday, JPMorgan CEO Jamie Dimon weighed in to say the time has come to band together as a nation. In a memo to staff, members of the bank's operating committee, including Dimon, congratulated Trump before recalling Dimon's comments from Election Day about national unity. AdvertisementRead the full contents of the Wednesday memo from JPMorgan's Operating Committee about Trump's victory below.
Persons: Jamie Dimon, Donald Trump, Dimon, , Donald Trump's, Kamala Harris, Trump, Jamie, Diana Frost, Kraft Heinz, Judith Kent, Harris, Walz, Kent, Goldman Sachs, David Solomon, JD Vance, Ashley Bacon, Jeremy Barnum, Lori Beer, Tim Berry, Mary Erdoes, Wealth Management Stacey Friedman, Teresa Heitsenrether, Marianne Lake, Consumer & Community Banking Robin Leopold ,, Doug Petno, Global Banking Jenn Piepszak, & Investment Bank Daniel Pinto, JPMorgan Chase Troy Rohrbaugh, & Investment Bank Sanoke Viswanathan, Reed Alexander Organizations: White, Service, Wednesday, JPMorgan, Dimon, Wells, Wall Street, Wealth Management, Consumer & Community Banking, Human, Global Banking, & Investment Bank, International Consumer Locations: Wall, United States, Washington ,, Wells Fargo, Michigan
Mario Tama | Getty Images News | Getty ImagesRetail therapy is thinly coating voters' anxieties from the presidential election — and their wallets know it. Follow: Election 2024 live updates: Trump and Harris await Presidential election results More than half, or 60%, of Americans surveyed are concerned with the state of the world and economy, more than they were a year ago. Top worries among doom spenders include the cost of living (55%), inflation (43%), and the presidential election (28%), the report found. As of June, 50% of cardholders carry a balance every month on their credit cards, a recent Bankrate survey found. About six out of every 10 people who have credit card debt have had it for at least a year, Bankrate found.
Persons: Mario Tama, , Gen Zers, Harris, Rossman, Bankrate, NerdWallet, Z, Alev Organizations: Getty, Intuit Credit Karma, Trump, Karma, Shoppers, Federal Reserve Bank of New, millennials, Fed Locations: Federal Reserve Bank of New York
'The biggest issue of housing today'The housing shortage in the U.S. is "the biggest issue of housing today," said Orphe Divounguy, senior economist at Zillow. As of mid-2023, there's a housing shortage of 4 million homes, according to the NAR. Rent prices increased faster than tenants' wages during the pandemic. "We're seeing renters staying renters for longer because affordability has been so squeezed," he said. High rent prices not only affect your ability to save money to buy a home, it can affect your ability to pay down any existing debt, Lautz said.
Persons: homebuyer, Jessica Lautz, Orphe Divounguy, Jonathan Scott, Scott, Selma Hepp, Divounguy, Lautz Organizations: National Association of Realtors, NAR, HGTV, CNBC Locations: U.S
A new report by Experian found that 67% of polled Gen Zers and 62% of surveyed millennials are using artificial intelligence to help with their personal finances. Users say that generative AI tools like ChatGPT have helped in areas including saving and budgeting (60%), investment planning (48%) and credit score improvement (48%). The Gen Z respondents were ages 18 to 27 while millennials were ages 28 to 43. According to data Experian provided to CNBC, 98% of Gen Z adults and 98% of millennials had a positive experience with the software. While using generative AI can help as a first step to drawing up a budget or figuring out how to increase your credit score, always verify the information through external resources, experts say.
Persons: Experian, Gen Zers, Christina Roman, millennials, Xers Organizations: Finance, CNBC
Solstock | E+ | Getty ImagesWith all the festivities that happen around Halloween and the trick-or-treaters ... think about the safety of the pathways and the accessibility of your home. Make sure the pathways are clear and "everything is very well lit," she said. "We recommend that you use LED lights or battery lights instead of live candles for safety reasons," said Orbann. Secure your pets and belongingsIf you have a pet, make sure they're secured on Halloween, both to protect trick-or-treaters and the pet as well, said Orbann. "If the dog isn't trained and there's a loss or an injury, that's going to increase your liability insurance tremendously," Worters said.
Persons: Angi Orbann, you've, Orbann, Worters, who's, Loretta Worters, they're, that's Organizations: Travelers Insurance, Insurance, Institute Locations: Turkey
About half, or 52%, of shoppers with incomes of $100,000 or more believe they can "easily afford" holiday expenses in 2024, according to Morning Consult, a survey research firm. To that point, 33% of those who earn $50,000 to $99,900 said they can afford holiday spending. Meanwhile, 18% of respondents who earn below $50,000 annually can sustain the costs, the report found. "Inflation is like a regressive tax," said Sofia Baig, economist at Morning Consult. "It hurts lower income people more than higher income people because it takes out a larger chunk of their wallet."
Persons: Roth, Sofia Baig Organizations: Finance, Morning Locations: U.S
In the second quarter of 2024, U.S. homeowners with mortgages had a net homeowner equity of over $17.6 trillion, according to CoreLogic. It's also generally considered a path to build wealth and increase your net worth , financial experts say. It's a way to increase your net worth over time. Homeowners can start to see their equity and net worth increase within five to 10 years. Homeownership allows you to increase your net worth because you can build equity through mortgage payments, which increases your asset value over time as the property appreciates in value, experts say.
Persons: It's, Steven LaRosa, Freddie Mac Organizations: Edgemoor Investment, Urban Institute Locations: Bethesda , Maryland
watch nowMany factors make it hard to buy a home today, but the one that makes "the biggest difference" in today's market is the housing shortage, Property Brother Drew Scott said at CNBC's Your Money event on Thursday. "I don't think people realize this shortage of housing that we have affects everything," added his brother Jonathan Scott. Why there's a housing shortageAs of mid-2023, there's a housing shortage of 4 million homes, according to the National Association of Realtors. While there have been recent signs of improvement for housing supply, it's not enough to solve the underlying constraint in the U.S. housing market. 'It's ok if you wait a few years'The Property Brothers Drew Scott (L) and Jonathan Scott.
Persons: Drew Scott, Jonathan Scott, Jonathan, Jason Davis Organizations: Census, Federal Reserve, CNBC, National Association of Realtors, Construction, Getty Locations: U.S
Invest in an oven thermometerKastel told BI that an oven thermometer is one of his must-have kitchen tools. "If you can master breaking down and roasting a chicken, you can successfully roast a turkey," he told BI. Vezzani Photography/ShutterstockIf you're baking something that involves dough, pay attention to its consistency as you add water or other liquids. AdvertisementBloom told BI that you can use an egg to reduce the odds of this happening. Advertisement"For the best-looking pie slice, you need to let your pie cool completely before slicing," she told BI.
Persons: , Phil Kastel, Kastel, Chris Shepherd, James Beard, Shepherd, Teresa Shurilla, Shurilla, Rebecca Bloom, Piedaho, shouldn't, Bloom, Charles Brutlag, Read Organizations: Service, Invest, James, James Beard Foundation, University of Hawai'i Maui College Culinary Arts Locations: LA
High-yield savings accountsA high-yield savings account earns a higher-than-average interest rate compared with traditional savings accounts, helping your money grow faster. “High-yield savings accounts [are] great if you’re going to be buying in the next year,” Williams said. Money market fundsA money market fund generally has a slightly higher yield than a HYSA, said Dennehy. Some of the highest-yielding retail money market funds are nearly 5% as of Oct. 23, according to Crane Data. Still, money market funds are considered low risk and are intended not to lose value, according to Vanguard.
Persons: , Ryan Dennehy, it’s, Shaun Williams, Dennehy, there’s, Jeffrey Hanson, , ” Williams Organizations: California Financial Advisors, CNBC, Census, Federal Reserve, Paragon Capital Management, National Association of Realtors, PMI, Mortgage, Treasury, U.S ., Traphagen Financial, Federal Deposit Insurance Corp, Vanguard, Securities Investor Protection Corp Locations: California, San Ramon , California, Denver, Oradell , New Jersey, Denver , Colorado
Clutching her jaw, Meliski said the water began rising after Chimney Rock had already been doused by an epic rainstorm. “They were so thick.”Teresa Cauthern, owner of the Chimney Rock Inn, shared with reporters footage of the raging river water ripping the deck off her property that she recorded just before she fled. Thus far in Chimney Rock, there has been only one confirmed death in the village — an older woman who refused to leave her home on the south side of town, officials said. O’Leary said he was away on vacation when the storm struck and when he finally made it back to Chimney Rock he found himself suddenly homeless. When the NBC News crew visited, Duncan was visibly frustrated with the Federal Emergency Management Agency’s response.
Persons: O’Leary, ” O’Leary, , Stephen Duncan, , Barbara Meliski, Meliski, Teresa Cauthern, Helene, Duncan, ” Duncan, I’ll Organizations: NBC News, Federal Emergency Management, FEMA Locations: U.S, Rock, North Carolina, Duncan’s
2024 Tamara de Lempicka Estate, LLC/ADAGP, Paris/ARS, NY/1969 Christie’s Images LimitedThe artist painted her first husband, the lawyer Tadeusz de Lempicki, in 1928. Georges Meguerditchian/Centre Pompidou/Orange Logic/RMP/2024 Tamara de Lempicka Estate, LLC/ADAGP, Paris/ARS, NY Digital Image/CNAC/MNAM, Dist. Courtesy of Artis—Naples, The Baker Museum/2024 Tamara de Lempicka Estate, LLC/ADAGP, Paris/ARS, NY/RoseBudz Productions. 2024 Tamara de Lempicka Estate, LLC/ADAGP, Paris/ARS, NY/Courtesy of the Peterson Family CollectionLempicka exhibited around Paris regularly in the 1920s, but she struggled to sustain her artistic career. In the 1940s, Lempicka’s work was the subject of a book for the first time, coinciding with an exhibition in Rome.
Persons: Tamara de Lempicka, Lempicka, she’s, Barbra Streisand, Madonna —, Marjorie Ferry, de Young, , , Furio Rinaldi —, Gioia Mori —, Ira Perrot, Tadeusz de Lempicki, Georges Meguerditchian, Rinaldi, She’s, , wasn’t, bitingly, Belle, Lempicka —, Streisand, ” Streisand, Kizette, Tamara Rosa Hurwitz, Peterson, Irena Hochman, NY Lempicka, Bernini’s, Saint Teresa, Museo Soumaya.Fundación Carlos Slim, Baron Kuffner, Julien Levy —, San, there’s Organizations: CNN, de, Fine Arts, Centre Pompidou, Palais, Art, NY Banque d'Images, San, Baker Museum, RoseBudz, ., NY, Old, Museo, The Society of Modern Women Artists, Pittsburgh’s Carnegie Institute Locations: Polish, San Francisco, Europe, Paris, NY, Centre, Orange, Dist, RMN, St . Petersburg, Russian, French, , Artis — Naples, New York, Moscow, Warsaw, Mexico City, Milwaukee, Young, Rome
Harrison Beacher real estate agent and managing partner at Coalition Properties Group in Washington, D.C. States such as Georgia do not require real estate agents or sellers to disclose upfront if the home was the site of a death. Nearly three-quarters, 72%, of potential homebuyers said they would buy a "haunted" house for a lower price, according to a new report by Real Estate Witch, a data site owned by Clever Real Estate. In some states, real estate agents need to provide truthful information upon a buyer's request, or at the very least, point you toward the right direction to find out. Besides the real estate agent, neighbors can give you first-hand experience of the area, as well as information about the previous homeowners.
Persons: Matt Champlin, Harrison Beacher, Zers, I'm, homebuyers, Daryl Fairweather, Fairweather, Beacher, Leno, Rosemary LaBianca, Charles Manson's, Zak Bagans, Connie Vavra, Theresa Payton Organizations: National Association of Realtors, NAR, Coalition Properties Group, Washington , D.C, Finance, Real, White House Locations: Washington ,, California, Alaska, Dakota, New York, Georgia, Elgin , Illinois
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