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☆ Larry Summers sounds the alarm bell on inflation — before Trump even takes office
▼ + stars: | 2024-11-12 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

Now, with many celebrating the apparent defeat of inflation, Summers is delivering another warning to Washington. Summers, the famed economist and former Treasury secretary, cautioned Tuesday that the inflation genie may not be back in the bottle. “My own judgement is that the Fed and markets are still underestimating the overheating risk,” Summers said during a conversation hosted by the New York Economic Club. “I am fearful that the Fed is going to be more like once burned, twice burned, rather than once burned, twice shy, on inflationary risks,” Summers said. “There is a very substantial risk that the president will attempt to implement what he talked about.

Persons: Larry Summers, Donald Trump, Summers, Trump, “, ” Summers, Clinton, Biden, Jerome Powell, Powell, ” Powell, Donald Trump’s, ” Trump, ” Organizations: New, New York CNN, White, Federal Reserve, New York Economic, Reserve, Harvard, Bureau of Labor Statistics Locations: New York, Washington

☆ Lina Khan likely to be fired as FTC Chair under a Trump presidency
▼ + stars: | 2024-11-12 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Representatives for Trump’s transition team and the FTC didn’t respond to requests for comment. Wall Street, which has been on a tear since Trump’s decisive victory last week, appears to be ready to turn the page on the Khan era. Similarly, the FTC has gone after Big Tech, Big Pharma and even Big Mattress in the name of keeping competition robust. To them, Khan and her DOJ partner in trustbusting, Jonathan Kanter, represent a threat to the bottom line. Since last week’s election, both Kroger and Albertsons shares have risen sharply as investors anticipate the deal would face little resistance under Trump’s FTC.

Persons: CNN Business ’, New York CNN — Lina Khan’s, Donald Trump, Khan, she’s, Lina Khan, Jennifer Rie, kowtow, Jonathan Kanter, Elon Musk, Trump, ” Barry Diller, “, ‘, Republican “ Khanservative, JD Vance, Gail Slater, Vance, ”, David Kostin, Goldman Sachs, Kostin, Donald Trump’s, Brian Gardner, ” Gardner, Susie Wiles Organizations: CNN Business, New York CNN, Federal Trade Commission, FTC, Republican, Bloomberg Intelligence, CNN, Justice, Albertsons, Big Tech, Big Pharma, IAC, Democratic, Bloomberg, Kroger, Trump’s FTC, Goldman Sachs ’, White, Trump, Federal Reserve Locations: New York, it’s, trustbusting, Washington

☆ This open enrollment mistake can cost you and your family thousands, according to a doctor and CFP
▼ + stars: | 2024-11-12 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

Take workplace life insurance policies, which you can often opt into during open enrollment by simply checking a box. "The biggest mistake I see during open enrollment is people not listing beneficiaries or listing minors as beneficiaries on their workplace life insurance," she says. Be smart about beneficiariesIt's easy to gloss over the life insurance portion of the open enrollment. In the event of your death, the payout on your policy — often the equivalent of about a year's salary — will go to whomever you choose during open enrollment. Her advice to parents of small children: Name your spouse as a primary beneficiary and secondarily leave the money to a trust you have set up for your children.

Persons: Carolyn McClanahan Organizations: Planning

☆ I went back to work 6 weeks after having a baby. My husband had to turn his schedule upside down to support mine.
▼ + stars: | 2024-11-12 | by ( Liz Bolton | ) www.businessinsider.com time to read: +5 min

Before having my baby I was working as an actor in Los Angeles. I went back to casting and working six weeks postpartum and am grateful for my husband's support. AdvertisementI went back to work when she was 6 weeks oldMy daughter was born in November, which was lucky timing. As a commercial actor, I didn't have co-workers in the traditional sense, but I did have co-auditioners. More than once, we had to come home early from a family trip so that I could make it to a shoot I'd been cast in while out of town.

Persons: —, I'd, hadn't, she'd Organizations: Service Locations: Los Angeles, Oxford, Palm Springs

☆ Boeing got the easy part done. Now comes the tougher, existential problems
▼ + stars: | 2024-11-12 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

But its more serious problems – ongoing massive losses, quality and safety problems – are as bad as ever, and could even get worse. Renewed problems in ChinaAmong the most serious problems Boeing faces is President-elect Donald Trump’s promise to impose large tariffs on imports from China. “There needs to be a full accounting for everything they do.”Need for new planesAnd there’s yet more mess Boeing needs to sort out. Ortberg told investors last month that Boeing needs to reduce its portfolio and repair its balance sheet so that Boeing has “a path to the next commercial aircraft.”The good news for Boeing is it is in little danger of going out of business, despite its many problems. And Airbus has a backlog of orders stretching back years, as does Boeing, so airline customers can not easily switch orders from one to the other.

Persons: New York CNN —, It’ll, Kelly Ortberg, “ We’re, Donald Trump’s, Trump’s, ”, Richard Aboulafia, Max, “, Ortberg Organizations: New, New York CNN, Boeing, Trump, Airbus, Federal Aviation Administration, Alaska Airlines, FAA, Alaska Locations: New York, China

☆ Standing desks may harm your health, research finds
▼ + stars: | 2024-11-12 | by ( Jack Mcnamara | University Of East London | ) edition.cnn.com time to read: +5 min

The Conversation —The global market for standing desks is booming, projected to reach US$12.6 billion by 2032 (£9.7 billion). In response, standing desks emerged as a trendy solution, offering a way to reduce sitting time without drastically changing daily routines. But was there solid evidence to support the benefits of standing desks? Another study indicated that alternating between sitting and standing, combined with brief walks, was more effective for health than standing alone. Ultimately, while standing desks offer an alternative to prolonged sitting, they shouldn’t be seen as a complete solution.

Persons: don’t, didn’t, that’s, It’s, Jack McNamara Organizations: CNN Locations: Australia

☆ Boeing delivers fewest planes in October since 2020, warns factory restart after strike will take weeks
▼ + stars: | 2024-11-12 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

An employee works in the cockpit of a Boeing P-8 Poseidon maritime patrol aircraft on the production line at Boeing's 737 factory in Renton, Washington, November 18, 2021. Boeing machinists approved a new contract last week that included 38% pay raises over four years and other improvements, ending a more than seven-week strike that halted output of most of Boeing's aircraft production. Boeing's 787 Dreamliner production continued during the strike because those planes are made in a nonunion factory in South Carolina. Despite the strike pause, Boeing continued to sell dozens of aircraft in October, with 63 gross orders, two shy of September's total. Forty of them are 737 Max 8s for the Avia Solutions Group.

Persons: Max, Kelly Ortberg Organizations: Boeing, Avia Solutions, LATAM Airlines Locations: Renton , Washington, Washington state, Oregon, South Carolina

☆ I've tried 7 popular food-delivery boxes. From HelloFresh to Purple Carrot, here's how to choose the best one for you.
▼ + stars: | 2024-11-12 | by ( Steven John | ) www.businessinsider.com time to read: +1 min

I've tried seven of the popular services on the market, and HelloFresh and Blue Apron feel gourmet. Go to newsletter preferences Thanks for signing up! Related Video How 3 Korean chefs make 10,000 office workers' lunch boxes every weekMy favorite solution to the age-old problem is meal-delivery boxes. I've tried seven popular brands on the market, and they're all a little different. Here's how the boxes stack up — and how to decide which is best for you.

Persons: I've, — Organizations: Service

☆ Under strain from war, Russia plans a massive layoff in its public sector: report
▼ + stars: | 2024-11-12 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +3 min

Russia will resume public sector layoffs, affecting up to at least 40,000 workers, per Kommersant. Layoffs were paused due to COVID-19 and Russia's invasion of Ukraine. The cuts would also allow more people to enter Russia's labor market which is experiencing a worker shortage. The cuts would also allow more people to enter Russia's labor market which is experiencing a widespread shortage of workers amid Russia's invasion of Ukraine. Workers have been pulled into the Ukraine war or forced to flee after Putin enacted a major mobilization to increase wartime recruitment.

Persons: —, Vladimir Putin, Putin, Harley Balzer, Russian Central Bank Governor Elvira Nabiullina Organizations: Service, Russian Kommersant, Kommersant, Russian Academy of Science's Institute of Economics, Workers, Georgetown University, Russian Central Bank Governor Locations: Russia, Ukraine, Russian

☆ TikTok and its owner ramped up their hiring from China, even as Congress raised national security concerns
▼ + stars: | 2024-11-12 | by ( Dan Whateley | ) www.businessinsider.com time to read: +6 min

669 of the 1,089 approved US H-1B hires for TikTok and ByteDance in that fiscal year were from China. The hiring occurred as US officials raised concerns about TikTok's ties to China. Only 12% of all approved fiscal year 2023 H-1B applications were for Chinese nationals, compared to 61% of TikTok and ByteDance's approved applications. AdvertisementEven as TikTok has taken steps to downplay its association with China, its owner, ByteDance, continues to operate in the US. The company has also used TikTok's Chinese sister app, Douyin, as a testing ground for features that ultimately end up on TikTok.

Persons: —, ByteDance, US Sen, Tom Cotton, Cotton, Alejandro Mayorkas, ByteDance's, China TikTok, TikTok, Trump Organizations: TikTok, Service, Companies, Citizenship, Immigration Services, Business, US Data Security, Chinese Communist Party, US, Homeland, India, National Intelligence Locations: China, Beijing, ByteDance, California, Taiwan, Canada, Vietnam

☆ 3 CEOs preparing to raise prices if Trump enacts trade restrictions
▼ + stars: | 2024-11-12 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Economists say his tariff proposals could spike inflation as companies tend to pass costs on to consumers. Some companies have already said Trump's proposals would force them to increase prices. AdvertisementSome executives have warned that price hikes are on the way if President-elect Donald Trump's tariff plans go into effect. Executives have told analysts on earnings calls that it would be difficult to maintain current prices under Trump's broad tariffs. AdvertisementBelow are the companies that are warning of price increases if Trump's tariff proposals are implemented.

Persons: Donald Trump, —, Donald Trump's, Trump, Tarang Amin, Amin, AutoZone Philip Daniele, Daniele, Tim Boyle, Boyle, Stanley Black, Decker Donald Allan, Decker, Allan, Steve Madden, Edward Rosenfeld Organizations: Service, Federal Reserve, Columbia, Washington Post, Trump Locations: China, Columbia, Mexico

☆ How the Trump administration will add large benefits to Tesla, justifying postelection run, per Deutsche Bank
▼ + stars: | 2024-11-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Deutsche Bank anticipates more tailwinds ahead for Tesla under the incoming Trump administration. TSLA YTD mountain Shares this year Musk is already making strides in his alliance with Trump. ), we see potential large terminal value benefits to Tesla's efforts in auto, robotaxi, and even humanoid robotics," wrote Yu. Yu views China as the biggest potential uncertainty for Tesla as the Trump administration touts tariffs on goods from the world's second-largest economy. A repeal of the Biden administration's Inflation Reduction Act could also benefit shares of Tesla and give it an edge over legacy automakers General Motors and Ford.

Persons: Trump, Elon's Musk, Donald Trump, bode, Edison Yu, JD Vance, Yu, Tesla Organizations: Deutsche Bank, Tesla, Trump . Deutsche Bank, Trump, White House, Biden, General Motors, Ford Locations: China

☆ Home Depot says shoplifting challenges aren't getting any easier
▼ + stars: | 2024-11-12 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Home Depot said retail theft continues to be a challenge. However, the executive said investments to combat shoplifting and organized theft "are paying off." AdvertisementShoplifting and organized retail crime was a dominant story in retail last year. Home Depot has been both a prominent target and opponent of organized retail theft in recent years. AdvertisementLast year, a Florida pastor was charged with running a retail crime ring responsible for stealing $3 million worth of goods from the chain.

Persons: Richard McPhail, —, McPhail, Scott Glenn, Glenn, Dominick Organizations: Service, Home Depot, Watch, Home, Prosecutors, Depot, Business Locations: Florida

☆ Trump taps former Rep. Lee Zeldin to lead the Environmental Protection Agency
▼ + stars: | 2024-11-11 | by ( Zoë Richards | Zoë Richards Is A Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

President-elect Donald Trump on Monday selected former Rep. Lee Zeldin of New York to oversee the Environmental Protection Agency in his administration. In a statement announcing the appointment, Trump described the former four-term House Republican from Long Island as "a true fighter for America First policies." We will do so while protecting access to clean air and water," Zeldin said in a statement on X. The New York Post first reported Zeldin's appointment — Trump's second Cabinet pick for his second term in office. Zeldin was heralded by Republicans for an unexpectedly close race for New York governor in 2022, when he lost to Democrat Kathy Hochul 53.1% to 46.7%.

Persons: Donald Trump, Lee Zeldin, Trump, Zeldin, Trump’s, — Trump's, Susie Wiles, Tom Homan, Joe Biden, Kathy Hochul, Sean Patrick Maloney Organizations: Environmental Protection Agency, Republican, America, Trump’s Cabinet, New York Post, White, Republicans, New York, Democratic Congressional Locations: New York, Long, United States, Paris

☆ FIFA must halt Saudi World Cup bid due to human rights issues, says Amnesty
▼ + stars: | 2024-11-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +5 min

FIFA must halt the process to pick Saudi Arabia as hosts of the 2034 World Cup unless major human rights reforms are announced before the vote next month, Amnesty International and the Sport & Rights Alliance (SRA) have said. A combined bid of Morocco, Spain and Portugal is the sole bid for 2030, while Saudi Arabia is the lone bidder for 2034. Amnesty and the SRA said they had evaluated the human rights strategies proposed by the bidding countries and concluded in a new report that neither bid adequately outlined how they would meet the human rights standards required by FIFA. “FIFA is implementing thorough bidding processes for the 2030 and 2034 editions of the FIFA World Cup,” a FIFA spokesperson said. However, it narrowly failed to win a seat on the United Nations Human Rights Council last month.

Persons: Steve Cockburn, Amnesty’s, “, ”, Hammad Albalawi, Cockburn, ” Cockburn Organizations: FIFA, Amnesty International, Sport & Rights Alliance, FIFA Congress, Amnesty, ” FIFA, Saudi, Britain’s Guardian, United Nations Human Rights Locations: Saudi Arabia, Morocco, Spain, Portugal, Australia, New Zealand, United States, Mexico, Canada, Brazil, Kingdom, Saudi, Qatar, Gulf

☆ Trump's pick for 'border czar' gives a peek into his plan for a mass deportation
▼ + stars: | 2024-11-11 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

Mass deportations may affect the economy, including inflation and the job market. Homan is set to act as Trump's "border czar" after previously serving as his first acting director of US Immigration and Customs Enforcement. "Likewise, Tom Homan will be in charge of all Deportation of Illegal Aliens back to their Country of Origin. Homan earlier told Fox Business Network's Maria Bartiromo that Trump's immigration plan would be a "cost savings" initiative. Most agreed that mass deportations could increase inflation, lower GDP, and negatively impact the job market over the next few years.

Persons: Trump, Thomas Homan, Homan, Trump's, —, Donald Trump, Tom, Tom Homan, Biden, I've, Maria Bartiromo, Vance, Barack Obama, Chloe East, Elise Stefanik, Susie Wiles Organizations: Service, US Immigration, Customs Enforcement, Truth, Trump, Fox, Fox Business, Border Patrol, ICE, New York Times, Street Journal, Department of Homeland Security, American Immigration, Migration Policy Institute, Business, Brookings Institution, New York, United Nations, White Locations: US

☆ Employers seeking skilled workers often overlook military veterans
▼ + stars: | 2024-11-11 | by ( Tim Paradis | ) www.businessinsider.com time to read: +7 min

Veterans can face challenges translating their military skills to civilian roles. Employers too often overlook or discount the experience veterans bring, a report found. These advocates for hiring veterans said that by looking a little closer at the skills undergirding veterans' experience, employers could help plug gaps in their workforces. Yet at the same time, employers often overlook or discount military experience, LinkedIn found. From there, Dickman said, Hire Heroes USA can go to employers and point to the abilities a veteran, service member, or military spouse possesses.

Persons: Ashley Bethea, —, Bethea, Ashley, hadn't, Ross Dickman, Dickman, Jesse Gartman, Gartman, he'd, he's, Trina Clayeux, Clayeux, they've Organizations: Air Force, Service, Business, Hire, Apache, Army, Marine Corps, Craigslist, Movers, Pentagon Locations: America, Iraq, New York City, Oklahoma City, Gartman, Bethea

☆ Trump taps Lee Zeldin as EPA chief, Rep. Elise Stefanik for UN ambassador
▼ + stars: | 2024-11-11 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Former U.S. President and Republican presidential candidate Donald Trump reacts as former U.S. Representative Lee Zeldin speaks at a rally ahead of the New Hampshire primary election in Concord, New Hampshire, U.S. January 19, 2024. Elizabeth Frantz | ReutersPresident-elect Donald Trump said Monday that he would appoint former Rep. Lee Zeldin as administrator of the Environmental Protection Agency, and current Rep. Elise Stefanik as the U.S. ambassador to the United Nations. The executive director of the Sierra Club, a leading environmental group, blasted Trump's selection of Zeldin for the EPA post. "Our lives, our livelihoods, and our collective future cannot afford Lee Zeldin – or anyone who seeks to carry out a mission antithetical to the EPA's mission." Republican Conference Chair Elise Stefanik, R-N.Y., speaks at the Republican National Convention in Milwaukee on Tuesday, July 16, 2024.

Persons: Donald Trump, Lee Zeldin, Elizabeth Frantz, Elise Stefanik, Trump, Trump's, Zeldin, Kathy Hochul, Donald, Ben Jealous, Lee Zeldin –, Bill Clark Organizations: U.S, Republican, New, Reuters, Environmental Protection Agency, United Nations, America, Trump's Cabinet, Gov, League of Conservation Voters, Sierra Club, Republican National Convention, CQ, Inc, Getty Locations: New Hampshire, Concord , New Hampshire, U.S, New York, Milwaukee

☆ President-elect Trump's vision for the U.S. economy
▼ + stars: | 2024-11-11 | by ( Shawn Baldwin | Carlos Waters | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPresident-elect Trump's vision for the U.S. economyPresident-elect Donald Trump is set to inherit the world's leading economy. On the campaign trail, he called for policies that could leave 93 million Americans off the hook for at least part of their income taxes. The former President has also proposed for tariffs of 10% to 20% on imports arriving in the U.S with higher rates for Chinese goods. Economists believe his calls to deport undocumented workers from the country may have the most enduring impact.

Persons: Donald Trump Locations: U.S

Trump allies are discussing deportation and detention options, with tackling the US-Mexico border seen as a priority from Day 1. But advocates fear deportation plans will soon reach deeper into American communities, targeting people who they say have a right to live here. Supporters of then-Republican presidential candidate Donald Trump gather outside Shelby Park in Eagle Pass, Texas, on February 29, 2024, the day Trump visits the U.S.-Mexico border at Eagle Pass. Kena Betancur/AFP/Getty ImagesIn the urban heart of New York City, where thousands of migrants and asylum seekers have stretched local resources, some houses of worship are preparing to shift their missions. But Murad Awawdeh, president of the New York Immigration Coalition, warned that sanctuary laws won’t stop federal immigration agencies from doing what they want.

Persons: Donald Trump’s, Donald Trump, ”, Juan Proaño, Lee Gelernt, ” Mary Meg McCarthy, ’ Cesar Espinosa, he’s, “, Espinosa, Go Nakamura, Jorge Rivas ’, MAGA, Betty . Rivas, Shannon Douglass, Mario Tama, Betancur, Chloe Breyer, Trump, Eric Adams ’, Manuel Castro, Murad Awawdeh, ” Awawdeh, “ They’ve, Adrees Latif, Jose Luis Gonzalez, Jim Desmond, JD Vance, Desmond, ” Kenia, “ It’s, it’s, Los Angeles Mayor Karen Bass, —, Guillermo Arias, Jose Luis Perez Canchola, ” Perez Canchola, Isabel Turcios, CNN’s Priscilla Alvarez Organizations: CNN — Immigrants, Trump, CNN, League, United Latin American Citizens, American Civil Liberties Union, Immigrant Justice Center, Republican, U.S, Reuters, Getty, Interfaith, of New, New York Immigration Coalition, Federal, Customs, Border Protection, Immigration, Department of Homeland Security, Reuters U.S . Border Patrol, San Diego, of Supervisors, Patrol, San Diego Regional Chamber of Commerce, University of Southern, Los Angeles Mayor, Los Angeles Unified School District, DHS, ONE Locations: Mexico, United States, —, Shelby, Eagle Pass , Texas, Eagle, Catalina , Arizona, Tucson, El Salvador, California, Coachella , California, New York, Queens, AFP, New York City, of New York, ”, China, Turkey, Jacumba, Springs , California, Reuters U.S, Sunland Park , New Mexico, San Diego, San, San Diego County, Los Angeles, University of Southern California, LA county, Juventud, Tijuana, Baja California, Tijuana , Mexico, Piedras Negras, Mexican, Rio, Frontera

☆ Europe faces a 'full-blown recession' under Trump's tariffs, big bank says
▼ + stars: | 2024-11-11 | by ( Polly Thompson | Will Martin | ) www.businessinsider.com time to read: +3 min

Europe could fall into recession in 2025 under Trump's economic proposals, a major EU bank said. AdvertisementThe eurozone economy faces the possibility of a looming recession as tariffs promised by President-elect Trump look set to dampen growth, according to analysts at a Dutch bank. Trump pledged on the campaign trail to impose a fresh era of trade tariffs, building on policies he enacted during his first term as president. European Union economic growth is already struggling, and has lagged behind the US in recent years. He said Europe's economic challenges, including high energy costs, sluggish economic growth, and geopolitical instability, would only get worse in the event of a tariff battle with the US.

Persons: —, Trump, James Knightley, Nigel Green, Green Organizations: ING, Service, Trump, deVere Locations: Europe, China, Europe's, Ukraine, NATO

☆ Internal Tesla salary database shows Elon Musk's strategy: Lower salaries, bigger stock grants
▼ + stars: | 2024-11-11 | by ( Grace Kay | Madison Hoff | ) www.businessinsider.com time to read: +12 min

Business Insider secured access to an internal Tesla pay database, covering nearly 100,000 employees as of December 2021. Tesla offers lower base salaries than its tech and automotive peers but offers substantial stock grants. Nine current and former people in engineering and sales said that Tesla's stock grants make it easier to accept lower base salaries. To get a sense of which employees were more likely to take home large grants, BI broke up stock grants based on job category. So far, stock grants have "proven to be better than cash in your pocket."

Persons: Elon Musk's, It's, Tesla, Donald Trump's, —, Zaheer Mohiuddin, ISOs, Greg Selker, Stanton Chase, Selker, Musk, we've, Harley Shaiken, Ford, Shaiken, Drew Baglino, Zachary Kirkhorn, Omead Afshar, Aaron Greenspan, it's Organizations: Business, CNBC, Securities and Exchange Commission, Nvidia, Ford, Meta, Amazon, Apple, Microsoft, BI, Companies, Google, US, Netflix, Big Tech, GM, Musk, Bloomberg Locations: Silicon Valley

☆ Big retirement rule changes are coming in 2025 — here's how you can save more money
▼ + stars: | 2024-11-11 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

"This can be a great way for people to boost their retirement savings," certified financial planner Jamie Bosse, senior advisor at CGN Advisors in Manhattan, Kansas, previously told CNBC. This can be a great way for people to boost their retirement savings. How much older workers save for retirementThe 401(k) catch-up contribution change is "very good" for older workers who want to save more for retirement, said Dave Stinnett, Vanguard's head of strategic retirement consulting. Some 35% of baby boomers feel "significantly behind" in retirement savings, according to a Bankrate survey that polled roughly 2,450 U.S. adults in August. "But not everyone age 50 or older is maxing out [401(k) plans] already," Stinnett said.

Persons: Jamie Bosse, deferrals, Dave Stinnett, Stinnett Organizations: CGN Advisors, CNBC, America Locations: Manhattan , Kansas

☆ Trump's tariffs will make it hard for automakers — including Tesla — to set up shop in Mexico
▼ + stars: | 2024-11-11 | by ( Tom Carter | ) www.businessinsider.com time to read: +7 min

Analysts said tariffs on cars imported from Mexico would have dire consequences for US automakers. Tesla announced in March 2023 that it was planning to build its seventh gigafactory near the industrial hub of Monterrey, Mexico. Trump vowed to clamp down on automakers building cars in Mexico on the campaign trail, and the prospect of new tariffs could force US automakers such as Tesla to make some hard choices about operational or planned factories in Mexico. Analysts told BI that the tariffs floated by Trump would deter automakers such as Tesla from investing in Mexico. Other automakers have expanded their presence in Mexico, despite the uncertainty of the election and the prospect of tariffs under a second Trump term.

Persons: Donald Trump, Elon Musk, —, Tesla, Trump, It's, Donald Trump's, Alex Brandon, Musk, Sam Fiorani, Fiorani, Ford, David Whiston, Scott Olson, BYD, Stephanie Brinley, Alanis King, Brinley, Stellantis Organizations: Service, Mexico —, AP, UBS, Trump, AutoForecast Solutions, General Motors, Ford, Getty, Toyota, Tacoma, Nissan, Volkswagen, BYD, Chrysler, Street Journal, BMW, P Global, Toyota Tacoma, GM Locations: Mexico, Monterrey, Detroit, United States, Cuautitlan, Toluca, San Luis Potosí

☆ Israel fails to meet US criteria to improve humanitarian situation in Gaza, aid groups say
▼ + stars: | 2024-11-11 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +5 min

Washington CNN —The Israeli government has failed to meet criteria set out by the US to improve the humanitarian situation in Gaza, a group of eight humanitarian aid organizations said in a joint “scorecard” released Tuesday. “Israel not only failed to meet the U.S. criteria that would indicate support to the humanitarian response, but concurrently took actions that dramatically worsened the situation on the ground, particularly in northern Gaza,” the organizations said. Section 620i of the US Foreign Assistance Act requires the US to halt security assistance to governments who restrict US humanitarian aid. “Israeli forces repeatedly attacked humanitarian sites and frontline responders during the 30-day period,” the scorecard said. The humanitarian scorecard noted that “the effectiveness of international diplomatic efforts to alleviate the humanitarian crisis in Gaza hinges on the willingness of the United States and other countries to push Israel to comply with these priorities.”

Persons: ”, “ Israel, Antony Blinken, Defense Lloyd Austin, Israel, Matthew Miller, “, Kate Phillips, you’re, ” Phillips, Barrasso, Miller Organizations: Washington CNN, Defense, UN, Biden, US Foreign, State Department, Anera, CARE International, Mercy Corps, Norwegian Refugee Council, Oxfam, Refugees International, CNN, UNRWA, The State Locations: Gaza, U.S, ”, Gaza City, North Gaza, United States, Israel

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