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Baby boomers, they're just like us. Not that he's doing anything weird on the stock market, but he knows how to buy an exchange-traded fund. The oldest baby boomers reached 30 in 1976, while the youngest reached that mark in 1994. AD"The baby boomer homeownership rate started to plateau when baby boomers reached the age of late 40s, early 50s. While wealthy millennials are doing better than their boomer parents, poorer millennials are doing worse.
Persons: boomers, they're, Millennials, he'll, William, he's, It's, they've, Elder millennials, Faith Bergman, She's, , Bergman, Rob Williams, Charles Schwab, millennials, Schwab, Gen Xers, Jessica Lautz, aren't, Daryl Fairweather, X, that's, Fairweather, homebuyers, hunky, Rob Gruijters, Gruijters, Redfin's Fairweather, " Fairweather, Lautz, it's, Victoria Lamson, generationally —, They're, Laurence Kotlikoff, Dad, Emily Stewart Organizations: Philadelphia, Bureau of Labor Statistics, Consumer Finances, National Association of Realtors, Boomers, NAR, University of Bristol, Social Security, Boston University, Business Locations: homeownership, fintech, New York, medians, There's, San Francisco, Janesville , Wisconsin
A Trump election win will spur a Chinese stock sell-off that will then offer a buying opportunity, an equity strategist said. AdvertisementA presidential victory for Donald Trump will trigger a sell-off in Chinese stocks that would then create a buy-the-dip opportunity, Christopher Wood of Jefferies said. Advertisement"Bottom line, if Donald Trump's elected and Chinese stocks collapse, that's an opportunity to add to China," he outlined. He continued: "People have forgotten that Donald Trump did the big trade deal with China in January 2020. A trade deal was done, and it was all hunky dory, and Donald Trump was going to run on that presidential campaign as I'm the guy who's negotiated the best trade deal with China since WTO."
Persons: Christopher Wood, Jefferies, , Donald Trump, Trump, — Wood, isn't, Donald Trump's, dory, who's, Wood Organizations: Trump, Service, Bloomberg, Republican, Beijing, Nvidia Locations: China, Beijing, Washington
“A high risk of famine persists across the whole of the Gaza Strip as long as conflict continues and humanitarian access is restricted,” the report said. The Rafah crossing – a key transitway for humanitarian aid to Gaza – has been closed since early May, and only a handful of other land crossings remain open. Humanitarian aid workers continue to face tremendous risks to try to distribute the desperately needed aid to Gaza. “The humanitarian space in the Gaza Strip continues to shrink and the ability to safely deliver assistance to populations is dwindling,” the report said. “The humanitarian situation is deteriorating rapidly, and the specter of famine continues to hang over Gaza,” Phillips-Barrasso told CNN.
Persons: , Gaza –, Netanyahu, Joe Biden, Israel, Matthew Miller, dory, it’s, , Cindy McCain, “ There’s, It’s, Kate Phillips, ” Phillips, Barrasso, Philippe Lazzarini Organizations: CNN, Hamas, Integrated, IPC, , Food, Mercy Corps, , UNRWA Locations: Gaza, Israel, Rafah, United States
AdvertisementTaylor Swift is joined onstage by Travis Kelce during The Eras Tour in London. This was especially evident during The 1989 World Tour, which ran for nearly seven months in 2015. Mostly thanks to her talent and partially thanks to her self-spun underdog narrative, she had enjoyed years of headlines like "Taylor Swift: America's Sweetheart" and "Taylor Swift Is the Music Industry." Taylor Swift is joined onstage by Serena Williams, Karlie Kloss, and more during The 1989 World Tour in London. Perhaps bringing Kelce onstage felt as natural to Swift as writing a love song about him.
Persons: , Taylor Swift, Travis Kelce, Swift, haven't, cuddling, Joe Alwyn, Gareth Cattermole, Alwyn, Calvin Harris, Karlie Kloss, Lena Dunham, Kobe Bryant, Dayna Evans, Taylor, Serena Williams, Brian Rasic, Kim Kardashian, Ye, she's, It's, overexposed, it's Organizations: Service, Business, Kobe, Music Industry, Swift Locations: London, British
AdvertisementTaylor Swift is joined onstage by Travis Kelce during The Eras Tour in London. This was especially evident during The 1989 World Tour, which ran for nearly seven months in 2015. Mostly thanks to her talent and partially thanks to her self-spun underdog narrative, she had enjoyed years of headlines like "Taylor Swift: America's Sweetheart" and "Taylor Swift Is the Music Industry." Taylor Swift is joined onstage by Serena Williams, Karlie Kloss, and more during The 1989 World Tour in London. Perhaps bringing Kelce onstage felt as natural to Swift as writing a love song about him.
Persons: , Taylor Swift, Travis Kelce, Swift, haven't, cuddling, Joe Alwyn, Gareth Cattermole, Alwyn, Calvin Harris, Karlie Kloss, Lena Dunham, Kobe Bryant, Dayna Evans, Taylor, Serena Williams, Brian Rasic, Kim Kardashian, Ye, she's, It's, overexposed, it's Organizations: Service, Business, Kobe, Music Industry, Swift Locations: London, British
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"How does leadership plan to address these concerns and regain the trust, morale and cohesion that have been foundational to our company's success?" "Despite the company's stellar performance and record earnings, many Googlers have not received meaningful compensation increases" a top-rated employee question read. Google's use of cashThere were a lot of employee questions ahead of last week's meeting directed at the company's buyback, Porat said. With respect to the decline in morale brought up by employees, Pichai said "leadership has a lot of responsibility here, adding that "it's an iterative process." CNBC reported last week that Google is laying off at least 200 employees from its "Core" organization, which includes key teams and engineering talent.
Persons: Sundar Pichai, Loren Elliott, Ruth Porat, We've, Alphabet's, Hollie Adams, Porat, Prabhakar Raghavan, dory, Pichai, Ted, Larry Page, Jim Cramer Organizations: Inc, Government, Society, Bloomberg, Getty, Google, Economic, Finance, CNBC Locations: Stanford , California, Davos, Switzerland, U.S
Inflation canceled that, and now it's almost certain that Wall Street's summer is canceled, too. That means Wall Street's fantasies of decamping to the Hamptons for the summer have shattered. You can see why this tug-of-war will keep Wall Street on its toes and off Georgica Beach. There is a certain set on Wall Street that does not get to "rosé all day" on Hamptons summer water when currencies trade that way. The simplicity that Wall Street hoped for is one of the few options that's no longer on the table.
Persons: , Justin Simon, decamping, Jerome Powell, opportunistically, Jamie Dimon, Torsten Slok, Slok, Powell, we'd, David Lefkowitz, dory, McDonald's, Silas Myers, Wall, Zuck, Simon, they're, it's Organizations: Federal Reserve, Jasper Capital, Nasdaq, Hamptons, JPMorgan, Fed, Pepsi, Mar Vista Investments, Wall, Nvidia, Tesla, Microsoft, Meta, Apple, EU Locations: Georgica, Japan
Google's search chief Prabhakar Raghavan warned staff about a changing landscape, CNBC reported. He said life won't always be "hunky-dory" as rivals seek to challenge its search dominance. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt's time to brace for a new chapter, Google search chief Prabhakar Raghavan has reportedly warned staff. "It's not like life is going to be hunky-dory, forever," Raghavan also said, per the outlet.
Persons: Prabhakar Raghavan, dory, , Googlers, Raghavan Organizations: CNBC, Microsoft, Service, Google, Business
"If there's a clear and present market reality, we need to twitch faster, like the athletes twitch faster," he said. The spokesperson highlighted the addition of generative AI to search and improvements in search quality, adding, "There's lots more to come." In March, Google named company veteran Elizabeth Reid to the role of vice president, leading search and reporting to Raghavan. "We're in a new cost reality," Raghavan said. Demis Hassabis, Google's AI leader, said in February after the tool was taken down that it would be re-released in weeks.
Persons: Prabhakar Raghavan, Julia Nikhinson, Raghavan, Sundar Pichai, TikTok, dory, Elizabeth Reid, Ruth Porat, We've, Jonathan Raa, we've, they've, Demis, Bard, Pichai, That's Organizations: Google, US, Bloomberg, Getty, CNBC, Mazda, Microsoft, Google Gemini, Nurphoto, Union's, European Commission, Gemini Locations: Washington , DC, Mountain View , California, Silicon Valley, India, Brazil, Brussels, Belgium
Called Retro Biosciences, the startup's goal is simple yet supremely ambitious: Add 10 healthy, enjoyable years onto the back end of our lifetimes. But Retro Biosciences actually fits quite neatly into Altman's futuristic worldview. Retro BiosciencesRetro Biosciences sits about 30 miles south of OpenAI's San Francisco headquarters, where ChatGPT was hatched. Joe Betts-LaCroix is the CEO of Retro Biosciences. There are things we already know work super well to improve human longevity, like exercise, diet, faith, and social support.
Persons: Sam Altman, he's, Elon Musk, Mark Zuckerberg, Altman, Instacart —, Joe Betts, LaCroix, isn't, Betts, Retro's, spry, Yamanaka, Shinya Yamanaka, it's, they've, Sora, Thiel, Jeff Bezos, Bezos, Yuri Milner, Billionaire Peter Thiel, He's, Aubrey de Grey, Christian Angermayer, biogerontologist Daniel Promislow, Altman's, Matt Buckley Organizations: Business, OpenAI, Biosciences, Harvard, MIT, Caltech, Extension, Apple, Stanford University, Retro, Bezos, Labs, Billionaire, Cambrian, Retro Biosciences, Bloomberg Locations: geroscience, Silicon Valley, OpenAI's San Francisco, Meta, Golden City, Retro.bio, Redwood City , California, San Diego
America has gone from a pandemic crash and recession fears to stocks at record highs and an economic boom. Lockdowns, wars, shortages, inflation, interest rates, day trading, and AI have all played a role. Noam Galai/SOPA/Getty ImagesMany Americans also socked away money during the pandemic, as they saved on expenses like travel and live entertainment. Stimulus-fueled demand, combined with pandemic and war-related supply disruptions, caused inflation to spike to a 40-year high of 9.1% in June that year. The Fed swiftly raised interest rates to rein in the price growth, lifting them from virtually zero to upward of 5% in under 18 months, and hasn't touched them since.
Persons: , We've, Noam Galai, hasn't, It's, dory Organizations: Service, Federal Reserve, GameStop, AMC Entertainment, AMC, Bank Locations: America, China, Ukraine
But geopolitical tensions are growing and Wall Street appears to be underestimating their potential impact on the global economy and markets. The United States and China are squabbling about trade, particularly high-powered AI chips that both believe carry consequences for national security. Less trade could mean lower supplies to meet demand — and that could be bad news for inflation around the world. Bank of America also gave geopolitical risk a top spot on its list of surprises that could affect markets in 2024. It’s the worst start to a year for Chinese stocks since 2016, when investors were ditching their holdings following a market crash in 2015.
Persons: , , Jamie Dimon, dory, he’s, Anna Cooban, Laura He, Hong, Premier Li Qiang, Ken Cheung, Catherine Thorbecke Organizations: New, New York CNN, Dow Jones, Federal Reserve, BlackRock, Shipping, CNBC, Economic, Bank of America, Center for Strategic, International Studies, Apple, Google, Microsoft, Meta, Nvidia, , Shenzhen Component, Premier, Mizuho Bank, MIT’s Computer, Artificial Intelligence Locations: New York, Russia, Ukraine, United States, China, Taiwan, Suez, Iranian, Pakistan, Iran, Europe, Asia, Drewry, Yemen, Davos, Switzerland, Wall, Shanghai, Shenzhen
In today's big story, we're looking at the ultimatum Elon Musk gave Tesla's board amid a critical time for the company. The big storyElon's ultimatumREUTERS/Steve NesiusUltimatums rarely work in relationships, but what about between CEOs and the massive companies they run? Elon Musk is about to find out. Musk, who has roughly a 13% stake in the EV maker, said if his request isn't met, he'll "prefer to build products outside of Tesla." Meanwhile, Ross Gerber, a longtime Tesla bull, said it's "absurd" to think Musk doesn't already have control over Tesla and described his request as "blackmailing the Tesla shareholders."
Persons: , Antony Blinken, Elon Musk, Steve Nesius Ultimatums, Elon, isn't, didn't, Wedbush's Dan Ives, Musk's, Ross Gerber, Tesla, Dow Jones, George Glover, That's, cowering, Caspar Benson, Jamie Dimon, dory, Trump, Ray Dalio, Biden, Evan Spiegel's, Hokyoung Kim, They've, Kristen Stewart, Christopher Nolan, Maite Alberdi, Celine Song, Eugene Lee Yang, Dave Bautista, Kevin Costner, Estelle, AA Milne, Jay Chou, Jennifer Ortakales Dawkins Organizations: Service, Boeing, Business, Tesla, EV, Apple, Microsoft, Nvidia, Getty, Intellia Therapeutics, Shoals Technologies, JPMorgan, Biden, Bridgewater Associates, Trump, Alliance, Helicopter, BI, Sundance, Northern Trust Locations: Switzerland, Tesla, Northern
Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17yth, 2024. "You have all these very powerful forces that are going to be affecting us in '24 and '25," Dimon told Andrew Ross Sorkin Wednesday in a CNBC interview at the World Economic Forum in Davos. "Ukraine, the terrorist activity in Israel [and] the Red Sea, quantitative tightening, which I still question if we understand exactly how that works," Dimon said. Quantitative tightening refers to moves by the Federal Reserve to reduce its balance sheet and rein in previous efforts including bond-purchasing programs. In Dimon's view, the relatively buoyant stock market of recent months has lulled investors on the potential risks ahead.
Persons: Jamie Dimon, JPMorgan, 17yth, JPMorgan Chase, Dimon, Andrew Ross Sorkin, dory, we've Organizations: JPMorgan Chase, JPMorgan, CNBC, Economic, Federal Reserve Locations: Davos, Switzerland, U.S, Ukraine, Israel
Comedy has been the rare field where square jaws and chiseled features can count against you. Bob Odenkirk once said that it was impossible for men to be funny and sexy. Attractiveness has entered the maw of the culture war because the stigma against beautiful men has been fading. But you now see handsome men everywhere, even at small Brooklyn shows like the one where a comic introduced the endearingly cute Lucas O’Neil by citing not his credits but his cheekbones. Kumail Nanjiani most famously, but Chris Rock showing off his abs in The Hollywood Reporter took me more by surprise.
Persons: Bob Odenkirk, John Mulaney, Anthony Jeselnik, Pete Davidson, , Jimmy Fallon, Lucas, Trevor Noah, Colin Jost —, “ You’ve, Nanjiani, Chris Rock, Jerry Seinfeld Organizations: Twitter, , Hollywood, Daily Beast Locations: Brooklyn
Ivanka Trump testified about her cozy relationship with Deutsche Bank. AdvertisementAdvertisement"I was constantly told by Rosemary and members of her team how much they appreciated the relationship," Ivanka Trump testified. At times, Ivanka Trump testified, Vrablic even convinced her family to take out a loan with Deutsche Bank even if they didn't need to. Vrablic's team "periodically" came to Ivanka with possible investment opportunities, Ivanka Trump testified, whether it was properties up for sale, or working with Softbank. AdvertisementAdvertisement"I was in the hospital, or about to go to the hospital with my first child," Ivanka Trump said.
Persons: Ivanka Trump, , Donald Trump's, Rosemary Vrablic, Ivanka, Letitia James, Donald Trump, Louis Solomon, Donald Trump Jr, Eric Trump —, Trump, Jesus Suarez, Vrablic, Rosemary, Arthur Engoron Organizations: Deutsche Bank . Ivanka, Deutsche, Service, Deutsche Bank, New York Attorney, Trump, Trump Doral, Post, New York, Trump Org, Trump Organization, Softbank, New Locations: Chicago, Miami, Washington ,
Canary Wharf may yet avoid once-a-decade upheaval
  + stars: | 2023-11-06 | by ( Yawen Chen | ) www.reuters.com   time to read: +4 min
LONDON, Nov 6 (Reuters Breakingviews) - Canary Wharf tends to have a new owner every decade. A recent 300 million pound equity injection implies they will buck the trend. Brookfield and the QIA, which own the estate’s developer Canary Wharf Group through a 50-50 partnership, ostensibly look to be backing a losing horse. Factoring in all its assets on the Canary Wharf estate, Brookfield as of September valued it all at $6.1 billion, or 5 billion pounds – over 2 billion pounds more than what the duo put in eight years ago. Canary Wharf could be owned by highly leveraged, shallow-pocketed types.
Persons: , Paul Reichmann’s Olympia, Morgan, Breakingviews, dory, George Hay, Oliver Taslic Organizations: Reuters, HSBC, HK, London Docklands, Qatar Investment Authority, Canary, York, Morgan Stanley, Jefferies, Reuters Graphics Reuters, Brookfield, Wharf Group, Thomson Locations: Brookfield, , CWG, City, Wharf
Glenn Youngkin, who is not on the ballot but is stumping hard for his fellow Republicans. This makes a certain political sense: Joe Biden won this county in 2020, as did Mr. Youngkin’s Democratic rival in 2021. But the fact that Mr. Youngkin is aggressively campaigning in blue areas is not only a sign of his popularity, it differentiates him from Mr. Trump, who largely sticks to safe conservative spaces. Mr. Youngkin’s sales pitch casts the G.O.P. It’s revealing about Mr. Youngkin’s brand of politics, but it’s also about as edgy as the guy gets.
Persons: Glenn Youngkin, Youngkin’s, Donald Trump, Nikki Haley, , Liberty ”, Trump, MAGA, Joe Biden, Youngkin, ruddy, , it’s Organizations: American Legion, Liberty, Republican, Democratic, Virginians, Democrats Locations: Virginia, Middleburg
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementRussia is paying convicts as much as $2,000 a month if they fight in Ukraine, with a promise $31,000 if they are injured, a soldier said. The remarks were made by a Russian "Storm Z" soldier — the unofficial designation for units often made of formerly incarcerated fighters. But, it said, in reality they are staffed by Russia's worst soldiers — convicts and regular soldiers marked for punishment. The BBC also reported that the units are formed mostly of convict soldiers, or soldiers re-assigned there as a punishment.
Persons: , dory, Vsevolod Vukolov, Olga Romanova Organizations: Wagner, Service, Sever, UK's Ministry of Defence, BBC, Storm, Team, Reuters, Wagner Group, Washington Locations: Russia, Ukraine, Russian
But she was taken aback by the extent to which middle-aged women like O'Neill reported experiencing age-related discrimination at work. "When men get to their 40s or 50s, they're considered to be in the prime of their careers," Diehl told me. In one 2019 poll of 400 US workers ages 40 and older, more men than women reported experiencing or witnessing age discrimination on the job. Research has also found that older job seekers face age discrimination regardless of gender, despite a 56-year-old federal law that purportedly protects against older-age discrimination in employment. It's undeniable that workplace age discrimination occurs across gender lines, but the qualitative experiences surfaced by Diehl, Stephenson, and Dzubinski help paint a picture of how an open culture around age discrimination can ultimately end up fueling good, old-fashioned sexism.
Persons: Julie O'Neill, O'Neill, Julie, WCPO, , ageism, pats, Amy Diehl, wasn't, they're, Diehl, It's, Amber L, Stephenson, Leanne, dory, she'd, Kelli María Korducki Organizations: Cincinnati Bengals, Harvard Business, Companies, Research Locations: COVID, midlife, Cincinnati, WCPO, New York City
But she was taken aback by the extent to which middle-aged women like O'Neill reported experiencing age-related discrimination at work. "When men get to their 40s or 50s, they're considered to be in the prime of their careers," Diehl told me. In one 2019 poll of 400 US workers ages 40 and older, more men than women reported experiencing or witnessing age discrimination on the job. Research has also found that older job seekers face age discrimination regardless of gender, despite a 56-year-old federal law that purportedly protects against older-age discrimination in employment. It's undeniable that workplace age discrimination occurs across gender lines, but the qualitative experiences surfaced by Diehl, Stephenson, and Dzubinski help paint a picture of how an open culture around age discrimination can ultimately end up fueling good, old-fashioned sexism.
Persons: Julie O'Neill, O'Neill, Julie, WCPO, , ageism, pats, Amy Diehl, wasn't, they're, Diehl, It's, Amber L, Stephenson, Leanne, dory, she'd, Kelli María Korducki Organizations: Cincinnati Bengals, Harvard Business, Companies, Research Locations: COVID, midlife, Cincinnati, WCPO, New York City
As a longtime big Hollywood star and hitmaker, Ford had already achieved an immortality of a kind. It’s pretty clear from his newest venture, the overstuffed if not entirely charmless “Indiana Jones and the Dial of Destiny,” that while Indy may not in fact be immortal, the brain trust overseeing this installment wishes he were. They haven’t simply brought the character back for another go, they have also given him a digital face-lift. That said, the altered Indy is cognitively dissonant; I kept wondering what they’d done to — or perhaps with — Ford. “Raiders” was created by Spielberg’s pal, George Lucas, who saw it as a homage to the serials that he’d loved as a kid.
Persons: Steven Spielberg, , Harrison Ford’s, Dr, Henry Walton Jones Jr, Spielberg, Ford, “ Indiana Jones, , Indiana Jones, — Ford, Spielberg’s, George Lucas, Lucas, Humphrey Bogart Organizations: “ Raiders, Indy, Hollywood, Raiders Locations: Kingdom, , Sierra Madre
The price of bachelorette parties is on the rise, with the average one costing $10,800, per Bach. Bachelorette parties have become extravagant multi-day trips — complete with goat yoga and pontoon saloons — and the average one now costs a total of $10,800, according to Bach, an app made to help people plan bachelorette parties and group travel. With an average party size of nine, the typical bachelorette attendee is now spending $1,200 per party. According to data from Bach, the average bachelorette party now spans 2.8 days, up from 2.6 days one year ago. The average bachelorette party attendee is spending $400 on experiences, per Bach, and about $300 on their flight and $300 on accommodations.
CNN —The love showered on Brendan Fraser out of film festivals inflates expectations for “The Whale” wildly out of proportion, in a movie based on a play that occurs almost entirely within a lone apartment. Weighted down not by its morbidly obese protagonist but rather its stick-thin supporting players, Fraser deserves praise for his buried-under-makeup performance, but that’s not enough to keep the movie afloat. Adapted by Samuel D. Hunter from his play, “The Whale” actually derives its title from the book “Moby Dick,” although the convincing enormity of Charlie’s physique obviously provides another meaning. As poignant and heartbreaking as Charlie’s plight is, “The Whale” can’t transcend the line between theater and film. While it’s easy to root for Fraser to earn accolades, in the annual hunt for award-worthy movies, consider this another one that got away.
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