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☆ The average American wants to retire with over $1 million—saving alone won't get you there, says self-made millionaire
▼ + stars: | 2023-10-26 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Americans in their 20s think they'll need around $1.2 million on average to retire comfortably, according to Northwestern Mutual's "2023 Planning and Progress Study." But stashing your money in a traditional savings account probably won't get you there by the time you hit retirement age because your money won't grow fast enough. However, retirement investment accounts typically earn a much higher rate of return than a traditional savings account, so your money grows faster when interest is compounded. On the other hand, you'd have significantly less if you put that money into a traditional savings account, which generally earn returns less than 1%, per the FDIC's data. If you put that same $100 into a regular savings account, you'd only have around $66,300 by the time you turn 65, per CNBC's calculations.

Persons: Vivian Tu Organizations: CNBC Locations: Northwestern

☆ Goldman says dividend growth has been resilient and these stocks are the best at returning cash
▼ + stars: | 2023-10-25 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

He forecasts stable dividend growth of 5% this year and 4% in 2024. Chevron has a dividend yield of 3.6% in 2023, with a dividend compound annual growth rate of 5% to 2025. Its dividend compound annual growth rate of 8% to 2025 means the company's payout to its investors will continue to grow. The firm also has the highest dividend compound annual growth rate of 29% on the list. Investors can expect their cash returns to grow further through 2025, with a dividend compound annual growth rate of 14%.

Persons: Goldman Sachs, David Kostin, Kostin, Goldman, Hess, Blackstone, — CNBC's Michael Bloom Organizations: Devon Energy, Chevron, Wall Street, CNBC, Blackstone, Capri Holdings Locations: capex, Guyana, Delaware, Devon, Israel

☆ Chevron and Exxon Might Have Kicked Off an Oil Land Grab
▼ + stars: | 2023-10-23 | by ( Jinjoo Lee | ) www.wsj.com time to read: 1 min

The smell of mergers and acquisitions is in the air following more than $110 billion worth of oil megadeals this month— Chevron ’s agreement to buy Hess and Exxon Mobil’s deal for Permian giant Pioneer Natural Resources . Who’s next? Deal talks are already under way. Devon Energy , another top Permian producer, is said to be eyeing targets that include Marathon Oil and CrownRock , according to a report from Bloomberg. Gas producer Chesapeake Energy is reportedly considering an acquisition of Southwestern Energy , according to Reuters.

Persons: Who’s Organizations: Chevron, Hess, Exxon, Natural Resources, Devon Energy, Marathon, Bloomberg . Gas, Chesapeake Energy, Southwestern Energy, Reuters

☆ The 10 most affordable college towns in the U.S.—half are in Texas
▼ + stars: | 2023-10-22 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Edinburg, home to the University of Texas Rio Grande Valley, ranks as the most wallet-friendly college town, according to WalletHub's "Best College Towns and Cities in America" study. To determine the most affordable college towns, WalletHub evaluated 415 cities of various sizes that had a college or university population of at least 7,500 students. Edinburg is located in southern Texas and has a population of around 104,300. Numerous other Texas cities made WalletHub's list as well. Here are the most affordable college cities and towns, according to WalletHub:

Persons: WalletHub's, Killeen Organizations: University of Texas, College Towns, Nacogdoches Locations: Edinburg, University of Texas Rio Grande Valley, Cities, America, Texas, Brownsville, McAllen

☆ India ask NZ to bat first in a clash of unbeaten sides
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +2 min

Twice champions India left out an injured Hardik Pandya and fellow all-rounder Shardul Thakur bringing in batter Suryakumar Yadav and seamer Mohammed Shami. Rohit said India relished chasing on a track, where dew could make bowling difficult in the second innings. "In training yesterday we thought dew came in early," Rohit said. New Zealand, who are without regular skipper Kane Williamson, fielded the same team that beat Afghanistan in their previous match. "We would've bowled first as well due to the dew," stand-in skipper Tom Latham said.

Persons: Daryl Mitchell, Adnan Abidi, Rohit Sharma, Hardik Pandya, Shardul Thakur, Suryakumar Yadav, seamer Mohammed Shami, Rohit, India, Kane Williamson, Tom Latham, Shubman Gill, Virat Kohli, Shreyas Iyer, Ravindra Jadeja, Mohammed Shami, Kuldeep Yadav, Mohammed Siraj, Jasprit, Devon Conway, Will Young, Rachin Ravindra, Glenn Phillips, Mark Chapman, Mitchell Santner, Matt Henry, Lockie Ferguson, Trent Boult, Amlan Chakraborty, Sonali Paul Organizations: Cricket, ICC Cricket, Himachal Pradesh Cricket Association, New Zealand, India, KL Rahul, Thomson Locations: India, New Zealand, Himachal, Dharamsala, Afghanistan, Jasprit Bumrah, Zealand, New Delhi

☆ 9 investors betting millions on the rebound in live events and entertainment
▼ + stars: | 2023-10-20 | by ( Lucia Moses | ) www.businessinsider.com time to read: +9 min

"Live events are having a moment as consumers want to get out and about," said John Harrison, Americas Media & Entertainment lead at EY. But over the past few years, established and upstart investors have seized the opportunity to capitalize on live events spending, which is outpacing media and entertainment spending overall. PWC projects live events revenue hitting $68.7 billion in 2024, up from $66.6 billion in 2019.Insider identified nine firms, listed alphabetically, that are making significant investments in live entertainment-related companies. It most recently led a $65 million round in Dice, an events discovery and ticketing platform for live events like comedy and drag cabaret. Courtesy of Shamrock CapitalThe Los Angeles-based investment firm has a long history of backing media, entertainment, and communications businesses.

Persons: Taylor Swift, hasn't, Tait, Scott Marimow, John Harrison, there's, Harrison, Coldplay, PEHub, Bluestone Equity Partners Bobby Sharma, Michael Weschler, Bobby Sharma, Bluestone, Juggernaut, Eric Kuhn, Tre, Scott, Matt Pincus, Pincus, Marimow, Shamrock Capital Andrew Howard, Marc Geiger, Alan Waxman's Organizations: Providence Equity Partners, Yankee, Wembley, Bluestone Equity Partners, Providence, Americas Media, Entertainment, Fourier, NBA, PMY, SoFi, New York's Citi, RWS, Apple, Holland America, Capital Partners, Street Journal, Folk Media Group, CBS, Microsoft, Folk Productions, Quest Entertainment, MUSIC, Liontree, JS Capital Management, Investments, Providence Equity Partners Providence Equity Partners, Theatre Group, Shamrock Capital, Sixth, Spain's, San Antonio Spurs, New York Yankees, Dallas Cowboys, Sixth Street Locations: Americas, Paris, Europe, Asia, Vegas, Fiume, Wilmington , Mass, Devon , Pennsylvania, Miami , Florida, North America, Providence, US, Germany, Los Angeles, SaveLive, Spain's Real Madrid, Real Madrid's

☆ Review: Ballet Theater Revisits Its Past With a Hit and Two Misses
▼ + stars: | 2023-10-19 | by ( Gia Kourlas | More About Gia Kourlas | ) www.nytimes.com time to read: +1 min

American Ballet Theater opened its fall season on a high note: Alexei Ratmansky’s “Piano Concerto No. The program, part of the first New York season created by the company’s artistic director, Susan Jaffe, gradually lost steam. “Petite Mort” (1991) is flimsier than ever. Devon Teuscher’s clean, classical elegance lent the overlong work a boost of grace and energy, but the ballet, created in 1948, is hardly a good time capsule. In a program note, Lander describes his ballet as “an expression of myself, and of my thoughts on dance.

Persons: Alexei Ratmansky’s “, Mort ”, Jiri Kylian, Harald Lander, Susan Jaffe, Devon Teuscher’s, George Balanchine’s, Frederick Ashton’s “, ”, “, Lander Organizations: Ballet Theater, New, Lincoln Center Locations: New York

☆ What tie-ups in the U.S. oil patch could mean for players like Coterra Energy
▼ + stars: | 2023-10-19 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

While we don't own companies as mergers-and-acquisition plays, the potential for more tie-ups could have significant implications for our remaining oil name: Coterra Energy (CTRA). Chevron's market cap is around $324 billion, while ConocoPhillips is worth roughly $152 billion, based on Thursday's stock prices. Companies in this basket could include Coterra, Devon Energy (DVN) and Diamondback Energy (FANG). Coterra is valued at roughly $22.4 billion Thursday, while Devon and Diamondback are valued at $31.7 billion and $30.5 billion, respectively. The shift has generally been positive for the stock prices of oil companies.

Persons: Gabriele Sorbara, Siebert Williams Shank, Nitin Kumar, I'm, Kumar, Pioneer's, Devon, Paul Cheng, Cheng, Jim Cramer's, Mizuho's Kumar, Jim Cramer, Jim, Paul Ratje Organizations: Exxon Mobil, Natural Resources, Coterra Energy, Exxon, Co, Chevron, ConocoPhillips, Mizuho Securities, Companies, Devon Energy, Diamondback Energy, Marathon, Bloomberg, Scotiabank, Pioneer, Jim Cramer's Charitable Trust, CNBC, Afp, Getty Locations: U.S, West Texas, New Mexico, Coterra, Devon, Oklahoma, Houston

☆ The top 10 things to watch in the stock market Thursday
▼ + stars: | 2023-10-19 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the 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: Jerome Powell's, Goldman, Morgan Stanley's Adam Jonas, we've, Morgan Stanley, Crag Jelinek, Ron Vachris, Oppenheimer, Says, downgrades, Jim Cramer's, Jim Cramer, Jim, Mike Blake Organizations: Treasury, Netflix, Vegas, Wynn Resorts, WYNN, Disney, Entertainment, Sports, ESPN, Bloomberg, Devon Energy, Costco, Jefferies, Deutsche Bank, Starbucks, Jim Cramer's Charitable, CNBC, Reuters Locations: Macao, Singapore, Los Angeles , California

DALLAS (AP) — American Airlines posted a $545 million loss for the third quarter as revenue was flat with last summer and costs rose, especially to cover a new contract with its pilots. American Airlines Group Inc., based in Fort Worth, said earnings excluding special items worked out to 38 cents per share. Labor costs at American jumped 17%, an increase of nearly $600 million, which was roughly offset by lower fuel prices than a year ago. There are already concerns over rising costs for airlines as fuel prices surge at the same time that travel has begun to slow. Fuel prices are still lower than they were last year, but the loss at American could add to anxiety over burdensome costs across the industry.

Persons: Robert Isom, “ We're, ”, Devon May, United Organizations: DALLAS, —, Airlines, United Airlines, Delta Air Lines, American Airlines Group Inc, Delta, United, Labor Locations: United States, Fort Worth, United, Tel Aviv, Israel

☆ If you invested $1,000 in Netflix 10 years ago, here's how much money you'd have now
▼ + stars: | 2023-10-18 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

From cracking down on password sharing to rolling out new gaming options, Netflix has been making plenty of noteworthy moves lately. In late May, Netflix began alerting subscribers that they would only be able to share their accounts with people who lived with them. Following the new policy rollout in May, average daily signups surged by 102%, according to Antenna. And the streaming giant says it added 8.76 million global subscribers during its 2023 fiscal third-quarter. And some of those new subscribers may soon be able to stream games on their Netflix accounts.

Organizations: Netflix Locations: U.S

☆ This DeFi founder pulled his money out of FTX a month before it collapsed—here's his top advice for crypto traders
▼ + stars: | 2023-10-16 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

On Nov. 11 2022, cryptocurrency exchange FTX filed for bankruptcy after users withdrew around $6 billion in funds from the exchange and Binance, a competing offshore crypto exchange, backed out of a deal to buy the company. He publicly raised concerns about FTX's financial health about a month before the company's multibillion-dollar implosion. At that time, the crypto craze had soared to a fever pitch and the entire crypto market was valued around $3 trillion. However, despite the hype surrounding FTX, Bhaidani says that the numbers just weren't adding up at the time. Since exchanges typically earn revenue by charging traders transactions fees, this would mean that revenue was down for the company as well, he says.

Persons: FTX, Sam Bankman, Ishan Bhaidani, wasn't, Bhaidani Organizations: CNBC, Miami Heat Locations: Manhattan, FTX

☆ NHL roundup: Auston Matthews’ 2nd straight hat trick lifts Leafs
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: +9 min

/ Dan Hamilton-USA TODAY Sports Acquire Licensing RightsOctober 15 - Auston Matthews scored three goals for the second straight game and the Toronto Maple Leafs defeated the visiting Minnesota Wild 7-4 on Saturday night. William Nylander added two goals and an assist for the Maple Leafs, who have won their first two games of the season. Senators 5, Flyers 2Jakob Chychrun had two goals and one assist, Brady Tkachuk scored twice and host Ottawa defeated Philadelphia. Jenner got his second career hat trick by scoring three times in a span bridging the first and second periods. 1 overall pick by Chicago in the 2023 NHL Draft, assisted on Johnson's second goal, giving him a goal and two assists in his first three NHL games.

Persons: Auston Matthews, Tyler Bertuzzi, Dan Hamilton, William Nylander, Calle Jarnkrok, Mitchell Marner, Morgan Rielly, John Tavares, Ryan Hartman, Matt Boldy, Marco Rossi, Brandon Duhaime, Ilya Samsonov, Filip Gustavsson, Jakob Chychrun, Brady Tkachuk, Jake Sanderson, Vladimir Tarasenko, Claude Giroux, Anton Forsberg, Travis Konecny, Cam York, Carter Hart ., Chandler Stephenson, Hill, Greg Cronin's, Jack Eichel, Shea Theodore, Jonas Rondbjerg, Mason McTavish, John Gibson, Cronin, Dallas Eakins, Gibson, Kyle Connor, Mark Scheifele, Mason Appleton, Jets netminder Connor Hellebuyck, Winnipeg's, Evan Rodrigues, Sam Reinhart, Sergei Bobrovsky, James van Riemsdyk's, Nashville . van Riemsdyk, Charlie McAvoy's, David Pastrnak, Brad Marchand, Boone Jenner, Jenner, Erik Gustafsson, Will Cuylle, Chris Kreider, Filip Chytil, Mika Zibanejad, Alex DeBrincat, Compher, Moritz Seider, DeBrincat, Dylan Larkin, Steven Stamkos, Victor Hedman, Sean Monahan, Cole Caufield, Tanner Pearson, Sam Montembeault, Tyler Johnson, Petr Mrazek, Connor Bedard, Bryan Rust, Jake Guentzel, Evgeni Malkin, Reilly Smith, Kris Letang, Matt Coronato, Jonathan Huberdeau, Jacob Markstrom, Nils Hoglander, Sam Lafferty, Casey DeSmith, Andrei Kuzmenko, Jack Studnicka, Elias Pettersson, backstop, Ryan Nugent, Hopkins, Leon Draisaitl, Connor McDavid, Stuart Skinner, Jordan Binnington, Louis, Jordan Kyrou, Robert Thomas, Binnington, Vince Dunn's, Adam Larsson, Jaden Schwartz, Joey Daccord, Casey Cizikas, Brock Nelson, Kyle Palmieri, Ilya Sorokin, Jordan Greenway, Casey Mittelstadt, Devon Levi, Jordan Martinook, Brent Burns, Aho, Jesperi Kotkaniemi, Brendan Lemieux, Teuvo Teravainen, Anze Kopitar, Drew Doughty, Moore, Vladislav Gavrikov, Kevin Fiala, Cale Makar, Mikko Rantanen, Alexandar Georgiev, Mackenzie Blackwood, Thomas Bordeleau Organizations: CAN, Toronto Maple Leafs, Minnesota Wild, Scotiabank Arena, Maple Leafs, Toronto, Minnesota, Senators, Flyers, Ottawa, Philadelphia, Carter Hart . Golden Knights, Ducks, Greg Cronin's NHL, Anaheim, Vegas, Golden Knights, Jets, Panthers, Winnipeg, Florida, Bruins, Boston, Nashville ., Blue Jackets, Rangers, Columbus, Boston Bruins, Wings, Detroit, Tampa, Red Wings, Lightning, Canadiens, Blackhawks, Montreal, Chicago, NHL, Penguins, Flames, Pittsburgh, Calgary, Canucks, Oilers, Seattle, Blues, Islanders, Sabres, New, Hurricanes, Carolina, Los Angeles Kings, Kings, Los, Avalanche, Sharks, Colorado, San Jose, San, Thomson Locations: Toronto , Ontario, Las Vegas, Florida, New York, York, Tampa Bay, Calgary, Vancouver, Elmont, squandering, Los Angeles, San, San Jose

The recent attacks on Israel by Hamas have reignited one of the most intractable conflicts in the Middle East. The surprise assault by the group's militant wing on Oct. 7 left nearly 1,300 dead, mostly Israeli civilians. Within Israel lies the Gaza Strip, a Palestinian territory controlled by the militant group Hamas. On Oct. 8, a day following the Hamas attack, Hezbollah exchanged rocket fire across the Lebanese border with Israel. In the days that followed, Israeli forces drove Hamas back into the Gaza Strip, regaining control of the infiltrated towns, though Hamas took hostages with them.

Persons: It’s, Fatah, Mahmoud Abbas, Jordan, Jerusalem’s, Israel Organizations: Hamas, Israel, West Bank, Palestinian Authority, State Department, Israel Defense Forces Locations: Israel, Gaza, Palestinian, Egypt, Sinai, ”, Lebanon, Iran, Lebanese, Jordan, Aqsa, Syria, Damascus, Aleppo, London, New York City, Wadi, Rafah, U.S

☆ 56% of workers say they're not on track to retire—here's how much money experts say you actually need
▼ + stars: | 2023-10-13 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

More than half of Americans say they're not on track to retire. Around 56% of Americans who are working full-time, part-time or are temporarily unemployed feel that they are behind on their retirement savings, according to Bankrate's September survey. And nearly 25% of workers say they haven't made contributions to their retirement accounts in at least a year. Before you determine whether you're ahead or behind on your retirement savings, it can help to have an overall goal in mind. In general, you should aim to have 10 times your preretirement income saved by the time you reach age 67, according to Fidelity.

Persons: Mark Hamrick Organizations: Fidelity, Northwestern Mutual

Dealmaking in the U.S. oil and gas patch has picked up pace as producers sought to replenish their inventory after years of under-investment. The most-prized targets for Chevron could be Coterra Energy (CTRA.N) or Devon Energy (DVN.N), he added. Others mentioned included Matador Resources (MTDR.N), Permian Resources (PR.N) and Diamondback Energy (FANG.O). Still, the Exxon deal, the industry's largest since 2016, also set off worries about stiff regulatory scrutiny over anti-competitive concerns. Exxon does not anticipate antitrust hurdles to complete the deal, expected by early 2024.

Persons: Exxon Mobil's, Gabriele Sorbara, Siebert Williams Shank, Sorbara, Dado Ruvic, Andrew Dittmar, Elizabeth Warren, Sven Del Pozzo, Mrinalika Roy, Chris Sanders, Sriraj Organizations: Exxon, Natural Resources, Co, Chevron, ConocoPhillips, ExxonMobil, Pioneer, REUTERS, Devon Energy, Matador Resources, Diamondback Energy, U.S, P, Insights, Thomson Locations: U.S, Bengaluru, Washington

☆ Wild beavers return to west London for first time in 400 years
▼ + stars: | 2023-10-11 | by ( Callum Sutherland | ) edition.cnn.com time to read: +2 min

London CNN —Wild beavers have returned to London’s Ealing district after an absence of 400 years. A family of five Eurasian beavers – a breeding pair and their three offspring – were transported from Scotland and released today at the Paradise Fields wetlands area, in Ealing, west London. The Ealing Beaver Project hopes the beavers can help reduce the risk of flooding, as well as engaging people in nature. “It’s good for humans, it’s good for nature, it’s good for our city.”His Rewild London Fund provided almost £40,000 ($49,000) in funding for the project. In March 2022, beavers were released in Enfield, north London, and last month it was announced that a baby beaver had been born there, the first beaver birth in London for hundreds of years.

Persons: London ., Sadiq Khan, “, James Stacey, Sean McCormack, ”, McCormack Organizations: London CNN, Ealing Beaver Project, London, Beavers, Fund, Ealing Wildlife Group, “ Beavers Locations: Ealing, Scotland, London, ”, Greenford, “ Greenford, Devon, England, Enfield

☆ These stocks are looking mighty cheap going into earnings season
▼ + stars: | 2023-10-10 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

The third-quarter earnings season is set to kick off this week, with certain stocks trading at attractive valuations. Going into earnings, 76 companies in the S & P 500 have already issued negative earnings per share guidance for the third quarter, compared to 42 companies that have announced positive earnings per share guidance, FactSet data shows. With this in mind, CNBC Pro screened for stocks with growing earnings that are also trading at a discount. Growing earnings: Earnings per share have grown more than 20% over the past 12 months. The company's trailing 12 months P/E ratio is 6.3, significantly lower than the five-year average P/E of 22.61.

Persons: — CNBC's Michael Bloom Organizations: Delta Air Lines, Infosys, JPMorgan Chase, Citigroup, PNC Financial Services, Wells, CNBC Pro, Major U.S, Delta, United Airlines, Devon Energy, Semiconductor, Qualcomm Locations: Blackrock, Oil, Monday's, Israel

☆ Data centers are booming. Their need for power is causing utilities to retreat on green energy.
▼ + stars: | 2023-10-09 | by ( Daniel Geiger | Ellen Thomas | ) www.businessinsider.com time to read: +18 min

Katie Hobbs at Google's September announcement of a a new $600 million data center in Mesa, Arizona. The amount of electricity needed to power data centers in the U.S. is expected to more than double by 2030, according to McKinsey. "With data centers, you're going to do all of the above to have capacity to meet those loads." Utilities struggle to meet data center loads while cutting carbonThe utility-level impact of the data center industry's energy demand reaches beyond Phoenix. In preliminary documents, it has identified data centers as "the major source of load growth during 2023-2038."

Persons: Karla Moran, Moran, Katie Hobbs, you've, Terry Boston, James Glynn, Glynn, Caryn Potter, it's, OPPD, that's, David Corbin, Corbin, Valerie Plesch, Aaron Ruby, Devon Smiley, Smiley, Lee Kestler, Ruby, George Frey, Wendy Bridges, Bridges, Jill Hanks, Hanks, Potter, Meghin Delaney, Reno, Kestler, EdgeCore, Hunter Holman, Delaney, Holman Organizations: Microsoft, Google, Digital Realty, Arizona Gov, McKinsey, PJM, Columbia University's Center, Global Energy Policy, Southwest Energy Efficiency, Utilities, Omaha Public Power, Sierra Club's, The Washington, Getty, Dominion Energy, Dominion, Blackstone, KKR, APS, Phoenix, Goodyear, NV Energy, Reno, Bay Area, Silver State, Western Resource Locations: Phoenix, Salt, Mesa , Arizona, City, Mesa, U.S, Arizona, Phoenix . Omaha , Nebraska, New York, Sierra Club's Nebraska, Woodbridge , Virginia, Virginia, Nebraska, OPPD, Eagle Mountain , Utah, Brookfield, Seattle, Goodyear, Bay, Nevada, Reno, Las Vegas, North

☆ Self-made millionaire: This couple earns $280,000 a year, but they’re making a ‘catastrophic’ money mistake
▼ + stars: | 2023-10-06 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +4 min

Self-made millionaire Ramit Sethi discovered that a couple earning six figures is making a "catastrophic" money mistake. Based on a quick overview of the couple's finances, Sethi found that the couple has zero savings and investments. With this, your initial investment grows exponentially by earning returns not only on the principal amount, but on the interest it accumulates as well. Say your initial investment is $1,000 and you earn an annualized return of 10%, the average stock market return, according to NerdWallet. That year, you'd earn 10% on your entire account total, not just your initial investment.

Persons: Ramit Sethi, Sethi, Rich, Mark Hamrick, you'd Organizations: CNBC Locations: U.S

☆ Around 30% of young people want to retire as millionaires—and over half are confident they can do it
▼ + stars: | 2023-10-06 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +3 min

Young Americans are setting lofty retirement goals — and they're confident that they'll reach them. To figure out how much you may need in retirement, start by using CNBC Make It's retirement calculator. Regardless of their savings goal, most workers are confident they'll be able to save enough to retire comfortably. Your savings rate is the percentage of your pre-tax income that you put toward a retirement savings account such as a 401(k) or a Roth IRA. Ideally, you should aim for a retirement savings rate of 15%, including any employer match, according to Fidelity.

Persons: —, Zers, Bankrate, Xers, Roth, Marguerita Cheng, DON'T Organizations: Fidelity, CNBC, Blue, Wealth Locations: Bankrate, U.S, — Florida

☆ Oil and natural gas prices are on different paths. Here's what has been driving the moves
▼ + stars: | 2023-10-06 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

Oil and natural gas prices traveled divergent paths this week, resulting in a mixed picture for the Club stocks Coterra Energy (CTRA) and Pioneer Natural Resources (PXD). In Thursday's session alone, natural gas prices jumped nearly 7%, as traders reacted to U.S. government data that showed a smaller-than-expected storage build. For the week, through Thursday's settle, natural gas has climbed 8.1%, building on last week's 11% advance. Natural gas on Friday morning jumped another 1.5%. Coterra's revenues are roughly a 50-50 split between oil and natural gas.

Persons: Brent, WTI, Paul Sankey, Sankey, Goldman Sachs, Coterra, Jim Cramer's, Jim Cramer, Jim, David Mcnew Organizations: Club, Coterra Energy, Natural Resources, Texas Intermediate, Traders, Northern, U.S, CNBC, Street Journal, Exxon Mobil, ., Diamondback Energy, Devon Energy, Getty Locations: U.S, Thursday's, Saudi Arabia, Russia, WTI, Friday's premarket, Coterra, China

☆ New Zealand's Ravindra lives up to his name in dream WC debut
▼ + stars: | 2023-10-05 | by ( Amlan Chakraborty | ) www.reuters.com time to read: +3 min

New Zealand all-rounder Rachin Ravindra achieved that difficult feat with his dream World Cup debut against England on Thursday. The 23-year-old made an unbeaten 123 off 96 balls against the defending champions to help secure New Zealand's nine-wicket rout at the Narendra Modi Stadium. Ravindra was thrust into the limelight when stand-in skipper Tom Latham introduced him to bowl the 17th over of England's innings. That would have been improbable had Kane Williamson, New Zealand's regular captain, recovered from a knee injury. "He is unfit so luckily enough, I got an opportunity," Ravindra said of his experience of batting at number three.

Persons: Narendra Modi, Rachin Ravindra, Devon Conway, Andrew Boyers, Ravindra, Rahul Dravid, Sachin Tendulkar, Tom Latham, Harry Brook, Brook, Kane Williamson, Tendulkar, Dravid, Amlan Chakraborty, Ed Osmond Organizations: Cricket, ICC Cricket, New Zealand, Narendra, Devon Conway REUTERS, Rights, England, New, Zealand, Wellington, Thomson Locations: England, New, Ahmedabad, India, Rights AHMEDABAD, Zealand, New Zealand, Conway

☆ 'We are not robots', says Buttler after England's tough loss
▼ + stars: | 2023-10-05 | by ( Amlan Chakraborty | ) www.reuters.com time to read: +2 min

Buttler accepted that England had been "completely outplayed" but the disappointment would not blur his perspective going forward in the tournament. "It's certainly a tough loss to take...but just as we, had we won the game, don't get too high, we don't get too low when we lose as well." Joe Root top-scored for England with 77, while Buttler (43) and Jonny Bairstow (33) also made starts. Sometimes you don't play as well as you would like. England play Bangladesh in Dharamsala on Tuesday hoping to boost their net run-rate.

Persons: Jos Buttler, wallow, Narendra Modi, Devon Conway, Rachin Ravindra, Buttler, It's, Joe Root, Jonny Bairstow, Ben Stokes, Harry Brook, Amlan Chakraborty, Ed Osmond Organizations: New Zealand, Narendra, Zealand, England, Bangladesh, Thomson Locations: AHMEDABAD, India, England, Zealand, Dharamsala, Ahmedabad

☆ Conway, Ravindra fireworks as New Zealand overwhelm England
▼ + stars: | 2023-10-05 | by ( Amlan Chakraborty | ) www.reuters.com time to read: +3 min

Devon Conway and Rachin Ravindra smashed rapid unbeaten centuries to set up New Zealand's successful pursuit of a 283-run victory target, which they reached with 13.4 overs to spare. Ravindra's unbeaten 123 off 96 balls, studded with 11 fours and five sixes, earned the 23-year-old player-of-the-match award on his World Cup debut. New Zealand lost Will Young for nought in the first over but Conway, who smashed a career-best 152 not out, and Ravindra turned the heat back on England with their free scoring. Ravindra, who shared unbroken 273-run partnership with Conway, took one delivery fewer to notch up his maiden ODI hundred. New Zealand rested Williamson (knee) and fast bowler Tim Southee (thumb) to give them more time to recover from surgery.

Persons: Narendra Modi, Rachin Ravindra, Andrew Boyers, Devon Conway, Joe Root, Jos Buttler, Jonny Bairstow, Matt Henry, Buttler, Will Young, Conway, Ravindra, Tom Latham, Kane Williamson, Rachin, Williamson, Tim Southee, Ben Stokes, Harry Brook, Amlan Chakraborty, Ken Ferris, Ed Osmond Organizations: Cricket, ICC Cricket, New Zealand, Narendra, Rights, England, Zealand, nought, Thomson Locations: England, New, Ahmedabad, India, Rights AHMEDABAD, Rachin, Devon, Zealand

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