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Millions of Americans facing retirement are worried they won't be financially prepared — or fear that they'll have to work forever. Others said they took Social Security too early or retired without a long-term financial plan. Some older Americans wish they'd had more investing knowledgeA major theme among BI's survey respondents was that they lacked knowledge about investing. She also didn't realize that because she has a pension in addition to receiving Social Security when she retires, she would be affected by a little-known Social Security provision that would lower her monthly check. Between her pension of $713 monthly and Social Security, which she expects will be between $1,200 and $1,400 monthly, she'll have just enough to cover her rent.
Persons: they'd, boomer, Gary Lee Hayes, he'd, Hayes, Charles Schwab, Nancy Seeger, Seeger, she's, I've, Nevenka Vrdoljak, Vrdoljak, PJ White, White, She's, hasn't Organizations: Social Security, Navy, Verizon, Vanguard, Transamerica Institute, Medicare, Bank, America's, Bank of America, Merrill, Bank of America Private Bank Locations: California, Cleveland, San Diego
China’s recent breach of the innermost workings of the U.S. telecommunications system reached far deeper than the Biden administration has described, the chairman of the Senate Intelligence Committee said on Thursday, with hackers able to listen in on telephone conversations and read text messages. “The barn door is still wide open, or mostly open,” the Democratic chairman, Senator Mark Warner of Virginia, a former telecommunications executive, said in an interview on Thursday. and other investigators believed that China’s hackers used stolen passwords to focus mostly on the system that taps telephone conversations and texts under court orders. It is administered by a number of the nation’s telecommunications firms, including the three largest — Verizon, AT&T and T-Mobile. But in recent days, investigators have discovered how deeply China’s hackers had moved throughout the country by exploiting aging equipment and seams in the networks connecting disparate systems.
Persons: Biden, Mark Warner of, Warner, Donald J, Trump, JD Vance Organizations: Senate Intelligence, Democratic, Microsoft, Verizon Locations: Mark Warner of Virginia, China
Google has promised to appeal; the company didn’t immediately respond to a request for comment on Wednesday’s filing. “Google is a monopolist, and it has acted as one to maintain its monopoly,” Mehta wrote in his opinion. The Microsoft case has been credited with paving the way for Mozilla’s Firefox and Google’s Chrome browsers, which ultimately allowed Google to promote its search engine to billions of internet users. The Microsoft parallels in the Google case are clear, Mehta wrote in his August opinion. Even as Google fights the Justice Department on remedies in the search case, the company is embroiled in another antitrust battle just across the Potomac River in Alexandria, Virginia.
Persons: didn’t, Amit Mehta, Mehta, Satya Nadella, Bing, OpenAI, Trump, Joe Biden, – Mehta, Sherman, ” Mehta, , Organizations: CNN, Google, Justice Department, Apple, Samsung, DOJ, Microsoft, Verizon, Court, District, Columbia, Chrome, Windows, Netscape, Department Locations: California, Alexandria , Virginia
Investors may like AT & T for its juicy dividend, but the underlying shares also have "significant upside" ahead, according to Goldman Sachs. The Wall Street investment bank sees a number of factors at play that should boost returns for the Dallas-based telecom giant, which pays a dividend yield of 4.89%. Overall, Schneider anticipates sustained EBITDA growth of 3%, which is 100 to 200 basis points faster growth than Wall Street is currently modeling, he said. That sustained improvement on EBITDA growth should warrant a higher multiple over time, he added. The stock, which hit a 52-week high on Monday, is up 37% year to date, excluding the dividend.
Persons: Goldman Sachs, Goldman, James Schneider, Schneider, T's Organizations: Dallas, Verizon, Mobile Locations: United States
A person walks by a T-Mobile retail store on May 28, 2024 in San Francisco, California. T-Mobile 's network was among the systems hacked in a damaging Chinese cyber-espionage operation that gained entry into multiple U.S. and international telecommunications companies, The Wall Street Journal reported on Friday citing people familiar with the matter. "At this time, T-Mobile systems and data have not been impacted in any significant way, and we have no evidence of impacts to customer information." It was unclear what information, if any, was taken about T-Mobile customers' calls and communications records, according to the WSJ report. Earlier in October, the Journal reported that Chinese hackers accessed the networks of U.S. broadband providers, including Verizon Communications , AT&T and Lumen Technologies , and obtained information from systems the federal government uses for court-authorized wiretapping.
Persons: CISA Organizations: Mobile, Street, Reuters, Federal Bureau of Investigation, U.S, Verizon Communications, Lumen Technologies Locations: San Francisco , California, China, Beijing
Why the C-suite is getting so big
  + stars: | 2024-11-15 | by ( Tim Paradis | ) www.businessinsider.com   time to read: +8 min
Beyond the usual top jobs, some organizations now have chief experience officers, chief AI-ethics officers, and chief transformation officers. LinkedIn said in September that those were the fastest-growing C-suite roles on its platform from 2022 to 2023. Janet SherlockBut she said a lineup that includes a chief marketing officer, a chief information officer, and a chief customer-experience officer might indicate insufficient internal coordination. "Do I need a customer-experience officer whenever I have a chief commercial officer, a chief information officer, and a chief marketing officer?" Wiggins said that's why there's more pressure on C-suite leaders to act as a well-informed unit of experts rather than technical specialists.
Persons: Ram Charan, who's, Jason Saltzman, Charan, , they're, Jensen Huang, Janet Sherlock, Ralph Lauren, Sherlock, Christine Porath, Porath, Dorie Clark, Clark, Ty Wiggins, Russell Reynolds, Wiggins, remits Organizations: Bank of America, Verizon, Technologies, Nvidia, Elon, Tesla, University of North, Chapel, Columbia Business School, Workers, Russell Reynolds Associates Locations: Huang's, University of North Carolina
Third Point slashed and dissolved its stakes in some key megacap technology holdings, while opening a fresh position in Tesla during the third quarter. Regulatory filings released Thursday revealed that the Dan Loeb-run hedge fund opened a stake worth roughly $105 million in the electric vehicle behemoth during the period. Tesla shares rallied more than 32% during the period, and they have surged more than 24% in November as investors bet that the company will benefit from CEO Elon Musk's close relationship with President-elect Donald Trump . MSFT YTD mountain Apple shares this year Beyond these key Magnificent Seven players, Loeb liquidated positions in both Verizon Communications and ridesharing giant Uber Technologies . Along with Tesla, Loeb revealed a new position in Brookfield Corp worth about $251 million and fresh stakes in Flutter Entertainment and CVS Health .
Persons: Dan Loeb, Elon Musk's, Donald Trump, Tesla, Loeb Organizations: Tesla, Microsoft, Meta, Apple, Verizon Communications, Uber Technologies, Brookfield Corp, CVS Health, Intercontinental Exchange Locations: China
Netflix's cheaper, ad-supported tier has reached 70 million global monthly active users two years after it was launched. The company said Tuesday more than 50% of its new sign-ups are for ad-supported plans in countries that offer the option. When Netflix launched its ad platform two years ago, the company said Nielsen would rate its content. Netflix offered its last update on its ad-supported tier in May, when it said it reached 40 million global monthly active users, nearly doubling the figure it had shared in January. Netflix also announced in May it would launch its own advertising platform, ending a partnership with Microsoft for that technology.
Persons: Nielsen, it's Organizations: Netflix, Wall, May, National Football League, FanDuel, Verizon, Media, Microsoft Locations: Madrid, Upfronts, Canada, U.S
Elwood Edwards, an announcer and local TV staffer who became internationally famous as the voice of AOL’s “You’ve got mail!” prompt to millions at the dawn of the internet era, has died, AOL announced. His daughter Sallie Edwards said the cause of death was complications from a stroke, the New York Times reported. Mimi Mollica / Shutterstock fileIn a 2016 interview with CNN’s Great Big Story, Edwards talked about his iconic AOL voice-over work. In a 2000 episode of “The Simpsons,” Edwards provided the voice of an online doctor delivering some bad news: “You’ve got leprosy!”Elwood Edwards. He noted good-naturedly that “You’ve got mail!” became a catchphrase that “I have a certain amount of trouble trying to escape.”
Persons: Elwood Edwards, “ You’ve, Sallie Edwards, AOL —, Edwards, , Mimi Mollica, CNN’s, ” Edwards, , Nora Ephron, Meg Ryan, Tom Hanks, ” Elwood Edwards, WKYC, Karen Edwards, Steve Case, You’ve Organizations: AOL, New York Times, Quantum Computer Services, Yahoo, Apollo Global Management, Verizon, NBC, YouTube Locations: New Bern , North Carolina, Cleveland
Generative AI wasn't part of the lexicon for most of us during President-elect Donald Trump 's first four years in the White House. At a high level, generative AI is a cutting-edge form of technology that will shape the next decade and beyond. While the AI field has been around for decades, generative AI applications can create new content, including computer code, human-like text and images, in response to user prompts. Those that lead in generative AI will very likely shape the world as we know it. With 5G, Trump didn't just hope the U.S. could just fun faster than everyone else.
Persons: Donald Trump, ChatGPT, Kamala Harris, Trump, Elon Musk, OpenAI, JD Vance, Vance, Joe Biden's, Trump's, OpenAI's Sam Altman, Alphabet's Sundar Pichai, Jim Cramer, it's, Jim, they're, Jim Cramer's, Callaghan Organizations: Trump, Billionaire, Republican, Big Tech, Republican Party's, GOP, 5G, Mobile, Sprint, Verizon, Nvidia, Microsoft, Huawei, Biden, Deutsche Bank, South China, Taiwan Semiconductor Manufacturing, Apple, Washington, Intel, Eaton, Trust, CNBC, Convention Center, Callaghan O'hare Locations: Ohio, U.S, United States, America, We've, China, Taiwan, South, Beijing, Palm Beach, West Palm Beach , Florida
Blanche is the second of two Trump attorneys believed to be targeted by foreign hackers. Chinese hackers have also targeted other top figures in Trump’s orbit, including Trump himself and the vice president-elect, Sen. JD Vance. The sophisticated hacking effort has unnerved national security officials because of the deep access that the Chinese hackers have gotten to prominent Americans’ call and phone records. The Consumer Financial Protection Bureau, for example, has directed its employees to only use Microsoft Teams and Cisco WebEx to conduct work-related business involving non-public information, a CFPB spokesperson told CNN on Thursday. There is no evidence that the CFPB has been specifically targeted by the hackers, the spokesperson said.
Persons: Donald Trump’s, Todd Blanche, Blanche, Lindsey Halligan, Trump, Sen, JD Vance, Jared Kushner, Eric Trump, Harris, Walz, Biden, , Cisco WebEx Organizations: CNN, FBI, Democrats, Trump, AT, Verizon, Consumer Financial Protection, Microsoft, Cisco, Street Journal
The Pixel 9 Pro and Pixel 9 Pro XL are enhanced versions of the excellent Pixel 9. The new camera oval on the Pixel 9 Pro phones juts out more than the rear cameras of previous Pixel phones. The Pixel 9 Pro XL (left) has a 6.8-inch display, while the Pixel 9 Pro (right) has a 6.3-inch display. The Pixel 9 Pro XL, with a 6.8-inch display, is a no-brainer for anyone who prefers larger Google Pixel phones or larger Android phones. See our guides to the best Pixel 9 Pro XL cases and best Pixel 9 Pro cases for extra protection.
Persons: Google's, Antonio Villas, Rose, Hazel, it's, Villas, VRR, I'd, I'm, Max, ultrawide, you've, Gemini, It's, you'd Organizations: Business, Google, Pro XL, Amazon, Verizon, XL, Gemini, Boas, Apple, Samsung, Qualcomm, Samsung Galaxy, Galaxy
Twitter's ex-CMO, Leslie Berland, is suing Elon Musk, saying she is owed $20 million in severance. The same week as Berland's filing, Twitter's ex-CEO got the go-ahead to proceed with a similar suit. AdvertisementTwitter's former chief marketing officer, Leslie Berland, is suing Elon Musk, saying she is owed over $20 million in unpaid severance. The documents state that a Twitter employee who was there on Bertrand's recommendation cautioned Musk against reinstating Trump in front of the advertisers, leaving him "embarrassed and angry." Related storiesBerland claims she was wrongly denied about $20 million in benefits owed to her under Twitter's policy.
Persons: Leslie Berland, Elon Musk, Twitter's, , Berland, Musk, Xavi, Donald Trump's, Parag Agrawal, Maxine Chesney Organizations: Service, Bloomberg Law, Twitter, Cannes Lions, Trump, Business, Verizon, Bloomberg Locations: California's, California, Ireland
Nvidia, on the other hand, recently leapfrogged Intel as the biggest chipmaker by revenue, creating a clear one-for-one swap opportunity. With Intel being the only chipmaker in the index, the sector is underrepresented relative to its position in the economy. Nvidia positioned itself to join the Dow in May, when the company announced a 10-for-1 stock split. Amazon joined the Dow in January, giving the internet sector greater representation in the index. Meta's price of almost $562 would currently give it the heftiest weighting in the Dow, just ahead of UnitedHealth Group .
Persons: Dow Jones, Howard Silverblatt, Dow, Silverblatt, Sherwin, Williams Organizations: Intel, Dow Jones, Nvidia, Dow, Verizon, Chevron, Dow Inc, Amazon, UnitedHealth, AMD Locations: U.S
Nvidia is replacing Intel in the Dow Jones Industrial Average, S&P Dow Jones Indices said Friday. AdvertisementNvidia is joining the Dow Jones Industrial Average, the S&P Dow Jones Indices said on Friday, replacing its rival Intel, which held the position for 25 years. AdvertisementThe Sherwin-Williams Company (SHW) will also replace Dow Inc. (DOW) in the index. The Dow Jones Industrial Average, or DJIA, is made up of 30 blue-chip companies, from Amazon to Walt Disney Co., and is often used as a benchmark for the broader US economy. Now, with its entrance into the DJIA, it only underlines the mainstream acceptance of Nvidia as a market leader.
Persons: Dow, , Sherwin, missteps, Pat Gelsinger, Jensen Huang, Jensen, Dan Ives, JPMorgan Chase, Johnson, Goldman Sachs Organizations: Nvidia, Intel, Dow Jones, Service, Williams Company, Dow Inc, DOW, Walt Disney Co, Amazon Web Services, Corporate Finance Institute, Microsoft, Walmart, JPMorgan, UnitedHealth, Procter, Gamble Company, Cola Company, Chevron Corporation, Merck, Co, Cisco Systems, McDonald's Corporation, Business Machines Corporation, IBM, American Express Company, Caterpillar, Verizon Communications, Walt Disney Company, Goldman, Honeywell International, Nike, Boeing Company, Intel Corporation, 3M Company, Travelers Companies, Dow Locations: Amazon, Silicon Valley, Susquehanna
Comcast beat third-quarter earning expectations on Thursday, as the Summer Olympics in Paris boosted NBCUniversal's revenue and Peacock's subscriber count. The company's revenue rose 6.5% to $32.07 billion compared to the same period last year. Overall revenue was boosted by the Summer Olympics in Paris, which NBCUniversal exclusively broadcast in the U.S., and domestic broadband revenue — despite continued slowing customer growth. Revenue for the media segment – mainly comprised of NBCUniversal – was up nearly 37% to $8.23 billion, largely due to the Olympics. The company's film studios, also part of the content and experiences segment, saw revenue increase 12.3% to $2.83 billion compared to the prior year.
Persons: , Peacock, lockdowns, NBCUniversal Organizations: Comcast, LSEG, Summer, Revenue, CNBC, Paris, Olympics, Cable, Verizon, Program, ACP, Domestic, NBC Sports, NBC Olympics, NBC, Games Locations: Paris, U.S, Peacock
A recent court filing included six decks MrBeast's team made to pitch brands like GM, Ford, and LG. As in most media pitches, MrBeast's team focused on his audience demographics, scale, and splashy content to woo brands. In each deck, MrBeast's team shared metrics like subscriber and follower counts, monthly views, and unique viewers to showcase the scale of his YouTube empire. Advertisement"The Next Generation Is Not Watching TV," the MrBeast team wrote in many of the pitches. Keep reading for more details from MrBeast's pitch deck for General Motors, dated February 2023.
Persons: , Burger, MrBeast, Jimmy Donaldson, Jeffrey Housenbold, Mario, Donaldson, he'll Organizations: GM, Ford, LG, Service, General Motors, Walmart, Mario Bros, Verizon, Amazon's, Entertainment Locations: CarMax, Hollywood
Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters on September 09, 2024 in Cupertino, California. "That should be expected, as Apple Intelligence features (the only reason to upgrade)have yet to be rolled out in a significant way." U.S. carriers, including AT&T, Verizon and T-Mobile, have also seemed unexcited about an Apple Intelligence upgrade cycle. But research firm Counterpoint Research told CNBC in October that iPhone sales, especially for the lower-priced devices, were strong in China. WATCH: Apple Intelligence rollout could be an inflection point, says Futurum Group CEO's Daniel Newman
Persons: Tim Cook, Apple doesn't, Morgan Stanley, Erik Woodring, Davidson, Gil Luria, We're, John Stankey, Malif Atik, Apple, Luca Maestri, Maestri, Kevan Parekh, CEO's Daniel Newman Organizations: Apple, Apple Intelligence, Verizon, Mobile, Huawei, Citi, Research, CNBC, Apple Watch, LSEG, Major League Soccer Locations: Cupertino , California, Spanish, U.S, China, Apple's
New York-based BBG Ventures has raised a new $60 million fund. The latest fund will invest in both female founders and those with diverse backgrounds. Ten years later, the seed stage fund has raised a new $60 million fund and is moving beyond just backing female founders to any entrepreneur from a diverse background. AdvertisementWhen Verizon bought AOL in 2015, BBG Ventures separated and raised a new $50 million fund. Related storiesDua explained that the decision to move beyond exclusively backing just female founders reflects the duo's shift in thesis around innovation.
Persons: , VCs, Susan Lyne, Nisha Dua, Lyne, Dua, Nordstrom, clamoring Organizations: BBG Ventures, California Endowment, Mizuho, Service, AOL, Founders, Spring Health, Verizon, State of Michigan Retirement Services, Illumen, Investments, Fairview Capital, Bank of America Locations: York, U.S, Spring, Nara, Dua, Lyne
The hackers also targeted prominent Democrats including the staff of Senate Majority Leader Chuck Schumer, another source briefed on the matter told CNN. There are no indications anyone was able to access data related to Jared Kushner or his devices, a person familiar with the matter told CNN. The Trump campaign is operating under the assumption that the hackers could still have access to the phone communications they targeted that belong to Trump and Vance, two of the sources said. Given how pervasive the Chinese hacking campaign has been in US telecom networks, some US allies are checking their own computer networks for signs of compromise. The ongoing Chinese hacking campaign means that the next administration — whether Trump or Harris wins — will likely inherit another major cybersecurity incident with big implications for national security.
Persons: Eric Trump’s, Jared Kushner’s, Donald Trump’s, Trump, JD Vance, Harris, Walz, Chuck Schumer, Eric Trump, Kushner, , , Eric’s, Lara, Ivanka Trump, Kamala, Biden, Jared Kushner, Vance, ” Sen, Mark Warner, , Joe Biden, Ted Barrett, Natasha Bertrand, Kaitlan Collins, Kristen Holmes Organizations: CNN, Republican, Democratic, FBI, The New York Times, AT, Verizon, Trump, Investigators, Justice Department, Department of Justice, Huawei, Republican National Committee, Embassy, US, Infrastructure Security Agency, Wall Street Journal, Washington Post, Department of Homeland Security, DHS, Virginia Democrat Locations: Beijing, China, Washington ,, People’s Republic of China, United Kingdom
I got my first smartphone at 30. It ruined my life.
  + stars: | 2024-10-27 | by ( ) www.businessinsider.com   time to read: +5 min
At 30, I reluctantly bought a smartphone once life with my flip phone became too difficult. Despite the benefits of having a smartphone, I feel more isolated and like I rely on it too much. Having grown up in the age of cellphones, my flip phone felt more than good enough since I could call and text anytime, anywhere. I miss my flip phone, but there's no going backI now view my life in two distinct eras: before and after the iPhone. Life was simpler with my flip phone, but having a smartphone isn't all bad.
Persons: , I'd, Jaap Arriens, it's, hadn't, I've Organizations: Service, Verizon, Spotify Locations: Tinder
A broad Chinese hacking campaign against U.S. telecommunication networks targeted the phones of Republican presidential nominee Donald Trump and his running mate, Sen. JD Vance, two sources familiar with the matter say. Another source told NBC News that people affiliated with the campaign of Vice President Kamala Harris were also targeted. None of the three sources clarified whether campaign devices were successfully compromised or whether China stole their communications. It is unclear who in the Harris campaign was targeted or if others in the Trump campaign were targeted in addition to Trump and Vance. It's not clear that the hack was an attempt to influence the presidential election.
Persons: Donald Trump, Sen, JD Vance, Kamala Harris, Harris, Trump, Vance, , ” “, Lumen, Rich Young, ” Young, , It's, ODNI Organizations: U.S, NBC News, Trump, FBI, Infrastructure Security Agency, Verizon, Lumen Technologies, NBC, Washington , D.C, National Intelligence Locations: China, People’s Republic of China, U.S, Washington ,, United States, Iran, Russia
The Chinese hackers also targeted people affiliated with the Harris-Walz campaign, another source familiar with the matter told CNN. US officials informed the Trump campaign this week that Trump and Vance were among a group of people whose phones were targeted by the Chinese hackers, one of the sources said. In a statement, Trump campaign spokesperson Steven Cheung attacked the Harris campaign for allegedly emboldening China. The activity is part of a much broader Chinese hacking campaign that has infiltrated multiple US telecommunications firms in the last several months. US officials have briefed members of the House and Senate intelligence committees on the Chinese hacking campaign.
Persons: Donald Trump, Vance, Harris, Walz, Trump, Steven Cheung, , CISA “, ” Sen, Mark Warner, Mark Green Organizations: CNN, Senior Biden, U.S, Government, FBI, Infrastructure Security Agency, The New York Times, Justice Department, Trump, Major, Verizon, Lumen, Typhoon, Virginia Democrat, House Homeland Security, , Tennessee Republican Locations: China, People’s Republic of China, Iran, Russia
(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. A bullish take on emerging markets and insight into an artificial intelligence company were also discussed. CEO Alan Trefler appeared on "Worldwide Exchange" to discuss outlook for the future of his business. Eyeing emerging markets for opportunity Alan McKnight of Regions Bank is bullish emerging markets, citing the outperformance since the Fed rate cut in September but said China is a key factor.
Persons: Katrina Dudley, Franklin Templeton, Dudley, Wells, Alan Trefler, Alan McKnight, McKnight, it's Organizations: PRO, Worldwide, Federal Reserve, Verizon, Mobile, Citi, Regions Bank Locations: China, India, Brazil
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "So, maybe we hold on, but I've got to tell you, if it gets back to where it was, I've had enough of Honeywell," Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Jim, Dover's, They've, I've, Stocks, Jim Cramer's, DOV Organizations: CNBC, Big Tech, Apple, Mobile, Verizon, Amazon, Honeywell, Digital, Colgate, Palmolive, Newell Brands Locations: Dover
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