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Klune attended community college for one semester, then got a job working as a claims adjuster at Geico in 2006. I will never be the world's best author, and I don't want to be. I want to write books that have footnotes. I want to write books that have notes in the margins and little doodles and everything like that. And that is the best thing in the world.
Persons: TJ Klune, Klune, I'd, , You've, I've, you've Organizations: New York Times, CNBC Locations: Oregon, Geico, Verania, Virginia
AdvertisementSome Uber and Lyft drivers are starting businesses driving people they meet through the apps. Uber and Lyft drivers can make as little as $3 per ride, pushing some to look for alternatives. Brian is one of four drivers who told BI about starting his own business offering rides outside Uber and Lyft. When BI asked whether drivers are allowed to pitch their own businesses while on a trip for Uber, an Uber spokesperson said the app's drivers are independent contractors. The spokesperson also referenced company statistics showing that Uber drivers make more than $30 per hour "while active on the app."
Persons: Brian, Lyft, Uber, Torsten Kunert, YouTuber, Kunert, Phil Organizations: Business, Uber, Rideshare Services Locations: California, Ontario, Canada, San Diego
CNN —The father of a Hawaii woman who went missing two weeks ago was found dead on Sunday, the Los Angeles Police Department said. Ryan Kobayashi had traveled to Los Angeles to help find his daughter, Hannah Kobayashi. After tirelessly searching throughout Los Angeles for 13 days, Hannah’s father, Ryan Kobayashi, tragically took his own life. She had the same itinerary as her ex-boyfriend, who, unlike Hannah, boarded a connecting flight to New York City from Los Angeles. CNN obtained a photo that appears to show Kobayashi getting off her flight at the Los Angeles airport.
Persons: Ryan Kobayashi, Hannah Kobayashi, Ryan Kobayashi’s, Kobayashi, Hannah’s, “ Hannah, ” Ryan Kobayashi, “ I’m, , Hannah, Family, Kobayashi Kobayashi, Sydni Kobayashi, LeBron, , texted, , Veronica Miracle, Caroll Alvarado, Michelle Watson, Maria Aguilar Prieto, Chris Boyette Organizations: International Association for Suicide Prevention, Befrienders, CNN, Los Angeles Police Department, Los Angeles International Airport, LAPD, CNN –, Police, Taschen, YouTube, Nike, Facebook, Metro Locations: Hawaii, Los Angeles, New York City, Los Angeles County, New York, Los, The, Crypto.com
Read our Saatva Classic Mattress review. The best Black Friday Saatva mattress dealsSaatva Classic Mattress (Queen) $1,695.00 $2,095.00 Save 19% The Saatva Classic Mattress is designed to suit a variety of sleeping styles and features a plush top for luxurious comfort. View at Saatva What we like Check mark icon A check mark. Zoned supportCheck mark icon A check mark. View at SaatvaSaatva mattress FAQWhich Saatva mattress is best?
Persons: Saatva, we've, Long Organizations: Business, Saatva Locations: Saatva, Copenhagen, Sydney, Amalfi
The best Tarte Black Friday dealsTarte Amazonian Clay 12-Hour Blush $21.00 $30.00 Save 30% Tarte’s Amazonian Clay blush has long been a beauty favorite. View at Tarte What we like Check mark icon A check mark. View at Ulta View at Tarte What we like Check mark icon A check mark. View at Tarte What we like Check mark icon A check mark. With discounts of up to 80%, this is one of the best Black Friday deals we've come across for makeup.
Persons: you'll, We've, we've, It’s Organizations: Business, Tarte, Mascara
And comparable sales rose at both Bloomingdale’s and Bluemercury, the company’s luxury brands. Those results are early signs that Macy’s latest strategy of investing in these parts of the business may be working. Macy’s said it had found the accounting error while preparing its results for the quarter, which ended Nov. 2. An investigation was opened and the employee was no longer with the company, Macy’s said. In the same time period of the accounting issue in which the employee hid up to $154 million, the retailer said it had recorded about $4.36 billion of delivery expenses.
Persons: Macy’s Organizations: Target, National Retail Federation
Rethinking the 4% rule in retirement
  + stars: | 2024-11-25 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +6 min
The most commonly recommended rule of thumb is the so-called 4% rule, which means you spend 4% of your portfolio every year, on an inflation-adjusted basis. When you die, your nest egg could be almost as large if not larger than it was on your first day of retirement. For example, Morningstar ran simulations on a $1 million portfolio over 30 years using the 4% rule. That’s because the rule is based on a very high probability that you never exhaust your nest egg. “It’s not just about getting employees to retirement but (helping them figure out) what to do once they’re in retirement,” Williams said.
Persons: you’d, William Bengen, Morningstar, ” Christine Benz, , Rob Williams, Charles Schwab, Williams, It’s, Mark Warshawsky, Warshawsky, Craig Copeland, “ It’s, ” Williams Organizations: CNN, Social Security, Social Security Administration, Social, American Enterprise Institute, American Council for, Research
CNN —President-elect Donald Trump on Monday promised massive hikes in tariffs on goods coming from Mexico, Canada and China starting on the first day of his administration. What America importsThe United States’ top import from Canada is oil, which reached a record 4.3 million barrels per day in July, according to the US Energy Information Administration. The United States imports a significant amount of electronics from China, in addition to machinery, toys, games, sports equipment, furniture and plastics. The Trump tariffs also hit foreign steel, aluminum, washing machines and solar panels. He did just that when he was last in the White House, placing large tariffs on goods, primarily from China.
Persons: Donald Trump, Trump, ” Trump, , , Liu Pengyu, ” Liu, Dow, Karl Schamotta, United Nations ’, It’s, Scott Bessent, Bessent’s, Trump’s, CNN’s Matt Egan, Jack Forrest Organizations: CNN, United, Embassy, United States, Canadian, Nasdaq, Treasury, America, US Energy Information Administration, United Nations, Commerce Department, Peterson Institute for International Economics, Senate, Commerce, US Trade Representative Locations: Mexico, Canada, China, , United States, United, America
AdvertisementA South Korean man was given a one-year suspended sentence for evading military service. This is just the latest example of South Korean men going to extreme lengths to try to avoid serving. A South Korean man was found guilty of evading military service by deliberately putting on weight. While most South Korean men are expected to serve for at least a year and a half, shortly after finishing high school, the conscription law has a number of exceptions. This was the most common method in attempting to evade military service, with the second most common being faking a mental illness, with others falsely registering as disabled, and one internationally breaking a bone.
Persons: Kim Jong, Organizations: The Korea Herald, country's, Korea Herald, BMI, Military Manpower Administration, South Locations: Seoul, South Korean
Check out the companies making headlines in midday trading: Bath & Body Works — The Ohio-based personal care company climbed more than 16%, on pace for its best day since November 2022. The retailer raised its forecast for full-year adjusted profit and said it expects a smaller drop in annual sales, boosted by solid demand for personal care products and new store offerings. Robinhood — The financial services provider surged 5% after Morgan Stanley upgraded it to overweight, citing upside from President-elect Donald Trump's looming second term in office. Target's shares have lost about 12% year to date and the stock's 3.6% dividend yield is very "attractive," the firm said. Abercrombie & Fitch — The retailer gained 4% ahead of its third-quarter earnings release , expected Tuesday morning.
Persons: Morgan Stanley, Donald Trump's, Macy's, Oppenheimer, AGCO, Gordon, Abercrombie, Fitch, Biohaven, Piper Sandler, CNBC's Hakyung Kim, Jesse Pound, Yun Li, Michelle Fox, Pia Singh, Scott Schnipper Organizations: Farm Equipment Limited, Gordon Haskett Research, Intel, CNBC, Commerce Department, U.S, Bancorp, Citigroup, Arm, UBS, Santander — ADRs, BDO, Nasdaq, Truist Securities Locations: The Ohio, New York, The Minneapolis, British, Spanish, Santander
AdvertisementMacy's has delayed Q3 earnings as it investigates over $130 million in hidden expenses. Macy's said a single employee was responsible for "erroneous accounting accrual entries." The employee is no longer working at Macy's, the company said. Macy's just delayed its third-quarter earnings, saying it is undertaking a forensic investigation into a single employee's concealment of more than $130 million in expenses. The individual who engaged in this conduct is no longer employed by the company," the company said.
Persons: Macy's, , Tony Spring Organizations: Business Locations: Macy's
CNN —Where the high hills of the occupied West Bank tumble into the Jordan valley, half a dozen heavy Israeli diggers pound the ancient rocks around the Palestinian village of Bardala. Such evictions are common in the West Bank, according to the United Nations. During a visit to Israel in 2017, the former governor of Arkansas told reporters: “There is no such thing as a West Bank. The eviction notice Israeli officials handed to a Palestinian farmer near the village of Bardala in the occupied West Bank, ordering him to leave his land. The hard reality in Bardala, as elsewhere in the occupied West Bank, is that even before Trump’s approaching inauguration, the Palestinian state had become a distant dream.
Persons: Khalid Sawafta, , Benjamin Netanyahu’s, Donald Trump’s, Mike Huckabee, , Nic Robertson, CNN “, Yishai Fleisher, Huckabee, Mike, ” Fleisher, David Friedman, Friedman, Fleisher, “ David Friedman, He’s, Alon Pinkas –, Shimon Peres, Trump, ” Donald Trump’s, Pinkas, Biden, “ He’s, ” Pinkas, Saudi Crown Prince Mohammed bin Salman, Israel, Mohammad Shtayyeh, it’s, Huckabee who’ll, Shtayyeh, Belazel Smotrich, God’s, Ibrahim Sawafta, Wadi Salman, Ibrahim, they’d, Khalid, Organizations: CNN, Bank, Israel Defense Forces, West Bank, United Nations, Jewish, Gali Tibbon, Getty, Abraham Accords, United Arab, Saudi, Former Palestinian Authority Locations: Jordan, Bardala, Israel, Arkansas, Judea, Samaria, Palestinian, Jerusalem, Israeli, Beit El, Ramallah, Gali, AFP, United Arab Emirates, Bahrain, Morocco, Gaza, Saudi Crown, Saudi Arabia, Wadi
The S & P 500's rise to fresh heights in the new year will not be in a straight line, according to RBC Capital Markets. Strategist Lori Calvasina issued a year-end 2025 target for the broad market index of 6,600. The S & P 500 has rallied 3.2% since Donald Trump secured a second presidential term, raising expectations of lower taxes and deregulation. To be sure, Calvasina thinks there will be 5%-10% correction in the near term before equities resume their march to all-time highs. Last week, Goldman Sachs set a 6,500 target for the S & P 500, while BMO issued a forecast for the benchmark index to surge all the way to 6,700 .
Persons: Lori Calvasina, Donald Trump, Calvasina, Goldman Sachs, Bernstein Organizations: RBC Capital Markets, Health, BMO Locations: Friday's, Bitcoin
Calin Georgescu, who ran independently, will face off against reformist Elena Lasconi in a runoff in two weeks. Georgescu, 62, was ahead after nearly all ballots were counted with around 22.95% of the vote. Lasconi of the progressive Save Romania Union party, or USR, followed with 19.17%. Georgescu, 62, won 43.3% of the vote in Romania’s large diaspora, compared to Lasconi who got 26.8%. Romania will also hold parliamentary elections on Dec. 1 that will determine the country’s next government and prime minister.
Persons: Calin Georgescu, Elena Lasconi, Georgescu, Marcel Ciolacu, George Simion, Lasconi Organizations: Romania Union, Social Democratic Party, Alliance, Unity, PSD, Bureau, European Union, NATO, Facebook, Romania, United Nations Environment, Associated Press Locations: Romania’s, pedology, Romania, Ukraine
Digital render of NEOM's The Line project in Saudi Arabia The Line, NEOMIn Saudi Arabia's northwestern desert, a sprawling construction site replete with cranes and pile drivers sits encircled by a recently-built road. The changes come as the Saudi deficit grows and the outlook for oil demand, along with global oil prices, sees sustained lows. Construction for The Line project in Saudi Arabia's NEOM, October 2024 Giles Pendleton, The Line at NEOMThat begs the question: does Saudi Arabia have enough money to meet its lofty goals? Saudi Arabia has poured tens of billions into projects that have yet to hint of any financial returns." Saudi Arabia has an A/A-1 credit rating with a positive outlook from S&P Global Ratings and an A+ rating with a stable outlook from Fitch.
Persons: Prince Mohammed bin Salman, Saudi Arabia's NEOM, Giles Pendleton, Andrew Leber, Leber, Mohammed Al, Jadaan Organizations: Saudi, Public Investment Fund, CNBC, Tulane University, Saudi Finance, Fitch, , P Global, Al Locations: Saudi Arabia, NEOM, Saudi, Neom, Saudi Arabia's, Riyadh
Eric Yuan, founder and CEO of Zoom Video Communications, speaks at Concordia Annual Summit in New York on Sept. 25, 2024. The company reported 192,400 enterprise customers in the quarter, up 800 from the previous quarter. In August, Zoom said it was looking for $5.29 to $5.32 per share and revenue between $4.630 billion and $4.640 billion. During the quarter, Zoom said in the first half of 2025 it will release a premium Custom AI Companion that could connect to corporate glossaries and services such as ServiceNow and Workday . The company also said its corporate name is changing from Zoom Video Communications to Zoom Communications Inc.Executives will discuss the results with analysts on a conference call starting at 5 p.m.
Persons: Eric Yuan, Covid, LSEG, Zoom, Chris Grisanti Organizations: Zoom Video Communications, Concordia, Zoom Communications Inc Locations: New York
Dollar slips with bond yields on Treasury nomination
  + stars: | 2024-11-25 | by ( ) www.cnbc.com   time to read: +1 min
The dollar relinquished a little of its recent gains on Monday as the pick for U.S. Treasury secretary seemed to reassure the bond market and pulled yields lower, shaving some of the currency's rate advantage. Yields on 10-year Treasuries slipped to 4.351%, from 4.412% late Friday, as President-elect Donald Trump's choice of fund manager Scott Bessent was welcomed by the bond market as an old Wall Street hand and a fiscal conservative. However, Bessent has also been openly in favour of a strong dollar and has supported tariffs, suggesting any pullback in the currency might be fleeting. The index was last down 0.5% at 106.950, having hit a two-year peak of 108.090 on Friday. The dollar dipped 0.4% on the Japanese yen to 154.11, and further away from its recent peak of 156.76.
Persons: Treasuries, Donald Trump's, Scott Bessent, Bessent, Ray Attrill Organizations: U.S, Treasury, NAB
State Farm has signed USC star JuJu Watkins to an NIL deal as it increases its investment in women's sports. State Farm is furthering its investment in women's sports with two new deals. State Farm will kick off the NIL partnership with Watkins starring as a "new neighbor" in a co-branded ad spot with mascot/spokesman Jake from State Farm. State Farm's investments in women's sports now include the National Women's Soccer League, the Women's National Basketball Association, National Collegiate Athletics Association basketball regular season and women's Olympic basketball and volleyball. State Farm saw an additional 28% boost in effectiveness when the spots aired during her Iowa Hawkeyes games.
Persons: JuJu Watkins, Kristyn Cook, Watkins, Jake, they've, Caitlin Clark, Sue Bird, Cook, Clark Organizations: USC, Farm's, Farm, University of Southern, State, National Women's Soccer League, National Basketball Association, National Collegiate Athletics Association, WNBA, EDO, Iowa Hawkeyes Locations: Watkins, University of Southern California
AdvertisementAn American Airlines flight returned to São Paulo after turbulence injured a passenger. An American Airlines passenger was taken to hospital after their flight encountered turbulence. Data from Flightradar24 shows that Saturday's Flight 930 from São Paulo to Miami U-turned less than two hours after taking off. Related Video Severe turbulence launches passengers to the ceiling of Singapore Airline flightAn airline spokesperson confirmed to Business Insider that the flight landed safely back in São Paulo "after encountering turbulence while in flight." A Singapore Airlines passenger died, and dozens more were injured during severe turbulence in May.
Persons: São Paulo Organizations: American Airlines, Singapore Airline, Business, Boeing, Aviation Herald, Singapore Airlines, Korean, University of Reading Locations: Miami, Singapore, São, Brazil
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Best Buy shares rose roughly 4.5% on Monday ahead of the company's fiscal 2025 third-quarter earnings before Tuesday's opening bell. 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 . Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m.
Persons: Jim Cramer, Stocks, Donald Trump's, Scott Bessent, Bessent, Jim, Bristol Myers, Eli Lilly, RJK, Jim Cramer's Organizations: CNBC, Dow Jones, Nasdaq, Bristol Myers Squibb, FDA, JPMorgan, Club, HHS, Research, Arm Holdings
SINGAPORE — Singapore's headline inflation rate fell to 1.4% in October, down from September's figure of 2%, as the cost of cars dropped and rent prices rose at a slower pace. The consumer price index rise was also lower than the 1.8% that was expected among economists polled by Reuters. It marked the first time that Singapore's headline inflation rate fell below 2% since March 2021, when it came in at 1.3%. Singapore's core inflation rate, which strips out accommodation and private transport prices, came in at 2.1%, down from 2.8% in September and lower than the 2.5% expected in the Reuters poll. The Singapore dollar was trading at 1.34 against the U.S. dollar after the inflation reading, strengthening by 0.13%.
Organizations: Reuters, Monetary Authority, Singapore, U.S Locations: SINGAPORE, Singapore
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS sees 4 Fed rate cuts to come and advises slashing exposure to European marketsKelvin Tay of UBS Global Wealth Management discusses rate cuts trajectory and the knock on effects on European markets.
Persons: Kelvin Tay Organizations: UBS, UBS Global Wealth Management
New York CNN —Macy’s announced Monday that a single employee was responsible for so many accounting irregularities that the company was forced to delay its quarterly earnings report, which the retailer had planned to release Tuesday. The company recently discovered that the unnamed employee intentionally hid as much as $154 million in expenses over the course of nearly three years, prompting the retailer to conduct an independent forensic accounting investigation. The employee, whom Macy’s said is no longer with the company, “intentionally made erroneous accounting accrual entries” to hide small package delivery expenses. Macy’s did not say why the employee hid the expenses. “At Macy’s, Inc., we promote a culture of ethical conduct,” said Macy’s CEO Tony Spring said in a statement.
Persons: New York CNN — Macy’s, Macy’s, , , Tony Spring, ” Macy’s Organizations: New, New York CNN, Inc Locations: New York, Macy’s
Rumble , a video platform aimed at conservatives, said Monday evening that it will begin allocating a portion of its excess cash reserves to bitcoin and making purchases of up to $20 million in the cryptocurrency. "We believe that the world is still in the early stages of the adoption of bitcoin," Rumble chairman and CEO Chris Pavlovski said in a statement Monday. The move puts Rumble in the same company as MicroStrategy, which began employing an aggressive bitcoin-buying strategy in 2020. Rumble is viewed as a play linked to Donald Trump's return to the White House given its popularity among conservatives. MicroStrategy chairman and bitcoin evangelist Michael Saylor said last week on an X Spaces event that he plans to pitch the board of Microsoft in December on his bitcoin treasury strategy.
Persons: Chris Pavlovski, MicroStrategy's, Donald Trump's, Cantor Fitzgerald, Howard Lutnick, Trump, Lutnick, Bitcoin, Michael Saylor, Sen, Cynthia Lummis Organizations: Semler, Acurx Pharmaceuticals, YouTube, . Commerce, Microsoft Locations: Wyoming
The stock market rally for payments stock Fiserv is showing no signs of slowing down, and the company is winning over some new investors. "You roll all that together and you could wind up with like an 18%-20% type of earnings per share growth company," Burton said. Burton is the manager of NYLI Winslow Large Cap Growth Fund (MLAAX) , which has a four-star rating from Morningstar. He also manages two ETFs with similar strategies — the NYLI Winslow Focused Large Cap Growth ETF (IWFG) and NYLI Winslow Large Cap Growth ETF (IWLG) . Fiserv went public in 1986 and today has a market cap of $128 billion and 42,000 employees.
Persons: Patrick Burton, Burton, NYLI Winslow, Clover, Fiserv, Frank Bisignano, LSEG, Sanders, Alliance Bernstein, Lewis Sanders —, Dominic Ball, Ball, Michael Bloom Organizations: Winslow Capital Management, Growth, Morningstar, CNBC, Windsor Capital, Sanders Capital, Alliance Locations: Milwaukee, Fiserv, Atlantic
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