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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
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBanking sector 'doing a bit better than people believe,' strategist saysNick Nelson, head of global equities strategy at Absolute Strategy, discusses the outlook in the European banking sector including potential mergers.
Persons: Nick Nelson Organizations: Banking
Binky Chadha, Deutsche Bank chief global strategist, set a year-end 2025 target for the S & P 500 of 7000, which would translate into a 17% gain from current levels. "We see S & P 500 buybacks rising from an annual run rate of $1.1 trillion currently to about $1.3 trillion next year, rising in line with earnings. .SPX YTD mountain S & P 500 The S & P 500 is looking to wrap up a strong 2024 with a bang, thanks to optimism toward President-elect Donald Trump 's market-friendly policies. For 2025, Deutsche Bank sees stronger growth in the U.S. on the back of potential tax cuts and a deregulation push under the incoming Trump administration. Deutsche Bank is not the first Wall Street firm to release a rosy equity outlook after the presidential election.
Persons: Binky, Chadha, Donald Trump, Trump, Goldman Sachs Organizations: Deutsche Bank, Fed, UBS Locations: U.S
Why Barclays is raising its 2025 S&P target
  + stars: | 2024-11-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Barclays is raising its 2025 S&P targetVenu Krishna, Barclays head of U.S. equity strategy, joins CNBC's 'Money Movers' to discuss his outlook on the markets heading into 2025, potential headwinds for the markets next year, and more.
Persons: Venu Krishna Organizations: Barclays
Warren Buffett surprised shareholders on Monday with a near-1,500-word letter alongside his usual Thanksgiving gift to four of his family's foundations. The famed investor and Berkshire Hathaway CEO said he would shortly convert 1,600 of his Class A shares into 2.4 million Class B shares, worth about $1.2 billion. Buffett picked more trustees to share his wealthIn his unexpected missive to Berkshire shareholders, Buffett said the gifts would reduce his personal stockpile to 206,363 A shares, worth $149 billion. Buffett said his late wife's estate was worth about $3 billion, and 96% of that went into the pair's foundation. They are also somewhat younger than my children," Buffett said, adding those individuals are "on the waitlist" and he hoped his children disbursed all his assets.
Persons: Warren Buffett, Buffett, Elon Musk, Susan Thompson Buffett, Susan Thompson Buffett Foundation —, , Howard G, He's, — Howard, Susie, Peter —, curt, — Buffett, Bertie, Morgan, Rockefeller, didn't, they're Organizations: Berkshire Hathaway, Susan Thompson Buffett Foundation, Sherwood Foundation, Buffett Foundation, NoVo Foundation, Oracle, Elon, Bloomberg, Berkshire, Ford, Carnegie Locations: Berkshire, Omaha
CNN —A ransomware attack has disrupted a third-party software system that Starbucks uses to track and manage its baristas’ schedules, forcing the coffee chain to shift to manual mode to ensure its employees get paid properly, a Starbucks spokesperson said Monday. Starbucks’ store leadership have advised their employees on how to work around the outage manually, and the company will make sure everyone gets paid for all hours worked, according to Starbucks spokesperson Jaci Anderson. Starbucks joins a growing list of companies disrupted by the hack of Blue Yonder, an Arizona-based cloud services provider that serves grocery stores and Fortune 500 firms. The Wall Street Journal first reported that Starbucks was impacted by the Blue Yonder hack. A range of major multinational corporations use Blue Yonder cloud services to manage their supply chains.
Persons: Jaci Anderson, Ford, “ Ford, , Ian Thibodeau, CrowdStrike, Cybercriminals, Semperis, Brian Niccol Organizations: CNN, Starbucks, Street Journal, US Locations: Arizona, United Kingdom, United States, France, Germany
Gold bar bullions ingot, selective focus, crisis safe haven for investment or reserve for country economics. Gold prices dropped over 1% on Monday, weighed down by profit-taking after a five-session rally, with further pressure from the announcement of fund manager Scott Bessent as the next U.S. Treasury Secretary. Spot gold fell 1.52% to $2,671.29 per ounce as of 0501 GMT, while U.S. gold futures shed 1.5% to $2,672.90. Gold's five-day rally pauses due to some profit-taking and Trump's pick of Scott Bessent as U.S. Treasury Secretary, hinting at tempered use of tariffs and easing U.S.-China trade uncertainty, said IG market strategist Yeap Jun Rong. Less dovish U.S. policy signals and potential inflation surprises could support a December rate hold, slowing rate cut prospects can be seen weighing on gold prices, Rong said.
Persons: Scott Bessent, Yeap Jun Rong, Donald Trump, Rong Organizations: Treasury, Federal, Traders Locations: China, U.S, Israel, Beirut, Tel Aviv
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
Traders work on the floor of the New York Stock Exchange during afternoon trading on Aug. 2, 2024. Stock futures edged higher in overnight trading Monday, after the Dow Jones Industrial Average closed at a new record. Futures tied to the Dow added 30 points, or 0.1%, while S&P 500 futures and Nasdaq 100 futures rose 0.1% and 0.2%, respectively. The 30-stock Dow popped more than 440 points, or about 1%, to a new record close during regular trading. The Russell 2000 hit a new intraday high — its first record since 2021 — as investors piled into small caps.
Persons: Kohl's, Stocks, Donald Trump's, Dow, Russell, Scott Bessent, NewEdge’s Cameron Dawson, CNBC's Organizations: New York Stock Exchange, Dow Jones, Dow, Nasdaq, President, Trump, Key Square, Treasury Locations: U.S
As investors position their portfolios for 2025, wealth managers are advocating for a diversified approach with selective bets on undervalued sectors. CNBC Pro spoke to Ollie Clark, deputy head of research at WH Ireland, and Mark Preskett, senior portfolio manager at Morningstar Wealth, about how investors with roughly $500,000 could look to allocate their portfolio. Clark expects the growth in artificial intelligence to lead to another year of bumper returns. Investors with portfolios already geared toward a traditional 60/40 stock-bond portfolio mix can expect some, if limited, relief in the future, according to Clark. The Morningstar Wealth portfolio manager said investors could gain exposure to such companies through the Franklin FTSE South Korea ETF .
Persons: Ollie Clark, Mark Preskett, Clark, Donald Trump, Morningstar, Preskett, WH Ireland's Clark Organizations: CNBC, WH Ireland, Morningstar Wealth, Clark, Federal Reserve, Trump, South, SK Hynix, Samsung, Franklin FTSE, Metals Mining, HG Locations: U.S, South Korea, Franklin FTSE South Korea
AdvertisementDatabricks CEO Ali Ghodsi isn't the biggest fan of interviews and "gotcha questions." Ghodsi prefers to analyze candidates by testing them with a real challenge within the company. "I don't believe in interviews because I think some people interview well, and they might not be good at all," he said. "And some people interview really poorly, but they might be excellent." AdvertisementGhodsi is not the only executive who finds standard interview questions to be a lacking litmus test for potential hires.
Persons: Ali Ghodsi, Ghodsi, JP Morgan, Carla Hassan, Ali Ghodsi doesn't, Logan Bartlett, Jensen Huang, Huang Organizations: Nvidia
Vice President Sara Duterte said on Saturday that she'd spoken to a hitman to kill her boss and his wife. Philippine Vice President Sara Duterte openly threatened on Saturday to assassinate the country's president, marking the deepest fracture yet in an alliance they once formed for the 2022 election. AdvertisementEduardo Año, national security advisor to the president, added that authorities considered Duterte's threat a "matter of national security." But she also blasted the national security council, saying that its responsibilities related to the safety of the country, not a vice president's remarks about a president. AdvertisementA partnership doomed from the startIn the Philippines, the vice president and president are elected separately and don't necessarily hail from the same party or ideology, though Duterte and Marcos positioned themselves as running mates.
Persons: Sara Duterte, Duterte, I've, Ferdinand, Bong Bong, Marcos, you'll, BBM, Liza Araneta, Martin Romualdez, Eduardo Año, Duterte's, Rodrigo Duterte, Ferdinand Marcos Sr, Ronald Holmes, gunning, , Jorge Tigno, that's, Holmes, Tigno Organizations: of Representatives, voters, De La Salle University, of Education, Lawmakers, University of, Duterte, Senate, Business Locations: Philippines, Manila, China, Southeast
AdvertisementA 2017 presentation for macro investor Scott Bessent's hedge fund explains his research process and "edge." His firm, Key Square Capital, struggled to generate returns despite its strong pedigree. Bessent — the former righthand man for billionaire George Soros and now the nominee for Treasury secretary by President-elect Donald Trump — saw billions of dollars leave his firm, Key Square Capital, after its 2016 launch, Reuters reported. It's not clear if there have been any changes to the investment process in the seven years since the presentation was created. Advertisement"Key Square views its research process as a think tank that is bolted on to disciplined trading and risk management," one slide reads.
Persons: Scott Bessent's, Donald Trump, Bessent, George Soros, Donald Trump —, Soros, Jim Chanos Organizations: Key Square Capital, Reuters, Business, Associates, Key
There's one key reason the U.S. stock market rallied after this month's presidential election, and it wasn't necessarily because of the outcome, according to Dan Clifton of Strategas. "What we saw was that the market was pricing in a 50-50 election. [Investors] didn't know who was going to win," Clifton, the firm's head of Washington policy research, told CNBC's Dominic Chu in this special Pro Talks discussion available to all readers. Instead, "we had it very clear … we knew [President-elect Donald Trump] was going to win," he said. (Pro subscribers can watch the full interview here .)
Persons: Dan Clifton, Clifton, CNBC's Dominic Chu, Donald Trump, Trump, gridlock — Organizations: CNBC, Republicans, Senate, CNBC Pro Locations: Strategas, Washington
AdvertisementRussia could hand China technology that would cut into US undersea dominance, a US admiral said. At a security forum, he said exchanges among Russia, Iran, North Korea, and China have intensified. Adm. Samuel Paparo, the US Navy's top commander in the Indo-Pacific, said that Russia will likely give submarine technology to China that would undercut the US' undersea dominance. According to Paparo, Russia is not only exchanging military capability and technology with China but also with North Korea and Iran. In return, according to Paparo, Russia would likely provide missile and submarine technology to the North Korean state.
Persons: Adm, Samuel Paparo, Paparo, Kurt Campbell, Kim Jong Un, Vladimir Putin Organizations: Halifax Security Forum, US Navy, North Locations: Russia, China, North Korea, Iran, Halifax, People's Republic of China, Taiwan, South China, Philippines, Japan, South Korea, Paparo, Korea, Ukraine, Korean, Russian, Pyongyang, Moscow
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 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
Chipmaker Intel and the CHIPS Act Office are close to finalizing a deal which would award the company a roughly $8 billion grant, according to a person familiar with the matter, as the Biden administration moves to dole out funds before President-elect Donald Trump's inauguration. The U.S. awarded Taiwan Semiconductor Manufacturing Co. a $6.6 billion grant earlier this month, raising investor expectations that cash funding for Intel would come soon. Intel has benefited from CHIPS Act tax breaks but has not yet received cash awards, something which Intel CEO Pat Gelsinger has expressed dissatisfaction with. "We're frustrated that hasn't moved faster," Gelsinger told CNBC in October, referring to the CHIPS Act grants. U.S. House Speaker Mike Johnson had previously said he might look to repeal the bipartisan CHIPS Act, but he then walked back those comments.
Persons: Biden, Donald Trump's, Intel's, Pat Gelsinger, hasn't, Gelsinger, They've, Mike Johnson, acquirers Organizations: Intel, Commerce Department, Department of Defense, Street Journal, The New York Times, U.S, Taiwan Semiconductor Manufacturing, CNBC, Qualcomm Locations: Intel's
It's a "capital junkie" that's been on a yearslong binge of unprecedented spending on all-electric and autonomous vehicles. The April 2015 report highlighted the industry's massive capital spending on overlapping or niche products that Marchionne was convinced could be solved through consolidation and shared capital spending. Most capital spending by automakers isn't wasted, but the industry isn't as efficient as other sectors, with minimal return on invested capital. Stock Chart Icon Stock chart icon Stocks of GM, Ford and Chrysler parent Stellantis in 2024. Courtesy: Business WireGM and Hyundai this summer entered into an agreement to explore "future collaboration across key strategic areas" in an effort to reduce capital spending and increase efficiencies.
Persons: bender, Morgan Stanley, Adam Jonas, It's, Sergio Marchionne, Marchionne, Sergio Marchionne Brendan McDermid, Jonas, Joe Hinrichs, isn't, We've, Rebecca Evans, Roland Berger, Ford, Peter Rawlinson, Andrew Kelly, Oliver Blume, Blume, Paul Jacobson, Jacobson, Rivian, RJ Scaringe, Mary Barra, Euisun Chung, codevelop, Stellantis, , Carlos Tavares, Oliver Bunic Organizations: General Motors, Ford, Nissan Motor, Volkswagen Group, Chrysler, Companies, Research, GM, Volkswagen, Toyota Motor, Fiat, Rivian, Lucid, Fiat Chrysler, Reuters, Rivian Automotive, Hyundai Motor, Toyota, CSX Corp, Rehab, Nissan, CNBC, Lucid Motors, Nasdaq, Churchill Capital Corp, Reuters Volkswagen, VW, Honda, BMW, SAIC, Barclays, Saudi, Public Investment Fund, Hyundai, Detroit, French, PSA Groupe, Stellantis NV, Bloomberg, Getty Locations: Casa Grande , Arizona, Detroit, Japan, Germany, That's, New York City , New York, Europe, China, U.S, Kragujevac, Serbia
In today's big story, Trump's trade plans could spell trouble for prices, and preparing for it isn't so easy . AdvertisementThe prevailing theory among many economists is Trump's plan will increase prices and inflation as companies pass the cost of the taxes down to their customers. He told BI he views them more as a negotiation tactic with China and American companies with operations there. Still, some experts told BI they foresee obstacles to making it a reality . Sector experts told BI the massive chipmaker will continue to make its most advanced tech in Taiwan .
Persons: Drew Angerer, Tyler Le, Donald Trump's, Emily Stewart, We're, Philip Daniele didn't sugarcoat, John David Rainey, There's, Dominick Reuter, Emily, Trump, Nobel, Simon Johnson, Brian Cornell, Natalie Ammari Baby boomers, Scott Bessent, George Soros, Bluesky, Rose Wang, It's, Chelsea Jia Feng, Taylor Swift, they'll, crosshairs, Elon Musk, Vivek Ramaswamy's, Biden, Alex Jones, Menendez, Dan DeFrancesco, Grace Lett, Lisa Ryan, Ella Hopkins, Amanda Yen, Jack Sommers, Milan Sehmbi Organizations: Business, Getty, Walmart, Electronics, Target, Social Security, Treasury, Trump, Nvidia, White, Los Locations: China, Phoenix, Taiwan, Florida, Washington, Los Angeles, New York, Chicago, London
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
Meet the Press – November 24, 2024
  + stars: | 2024-11-24 | by ( ) www.nbcnews.com   time to read: +57 min
[END TAPE]KRISTEN WELKER:According to the Washington Post, President-elect Trump plans to fire the team that worked with the special counsel. So, I think President Trump is picking reformers for these Cabinet positions. After the midterms Joe Biden said that there was no way President Trump would ever be back in the White House. He's going to sign some executive actions, but he's also going to then begin to roll out this plan. I also think he's going to face some skepticism by Republicans on using the military, for instance, going kind of into different states.
Persons: KRISTEN WELKER, MATT GAETZ, Donald Trump’s, Matt Gaetz, SEN, KEVIN CRAMER, RON JOHNSON, PETER WELCH, Will Mr, Donald Trump, STEPHEN MILLER, Vladimir Putin, Adam Schiff of, Eric Schmitt of Missouri, Kelly O’Donnell, Jeh Johnson, Anna Palmer, Stephen Hayes, it’s, Kristen Welker, reconsidering, DONALD TRUMP, Gaetz, MARKWAYNE MULLIN, Trump, Pam Bondi, Bondi, Eric Trump, they're, Jack Smith, Pete Hegseth, Tulsi Gabbard, Bashar Assad, Nikki Haley, NIKKI HALEY, DNI, TOM HOMAN, Trump's, Russell Vought, Russ, who's, That's Russ, Schmitt, Press . SEN, ERIC SCHMITT, he's, Pam, should've, You've, everybody's, it's, Joe Biden, Merrick Garland, Kristen, Alvin Bragg, General Merrick Garland, I've, Jane Doe, Hegseth, didn't, there's, It's, She's, maybe's, Tulsi, I'm, We've, There's, He's, they've, Adam Schiff, Adam Schiff of California, Schiff, ADAM SCHIFF, Bashar al, Assad, Marco Rubio, Rubio, Debbie Wasserman Schultz, Gabbard, That's, , Adam, Shifty, Donald Trump's, , Harris's, Kamala Harris didn't, Joe Biden's, Biden's, Pelosi, Biden, Nancy Mace, Mace, Sarah McBride, McBride, Johnson, Kelly O'Donnell, KELLY O’DONNELL, Anna, we're, ANNA PALMER, JEH JOHNSON, we've, Lindsey Graham, I'd, Steve, STEPHEN HAYES, We're, Eric Schmitt, you've, Kelly, Scott Bessent, Newt Gingrich, Gingrich, NEWT GINGRICH, KELLY O'DONNELL, Let's, it's Trump, Obama, Tom Homan, Rand Paul, let's, Bob Gates, Leon Panetta, McConnell, They're, he'll, Mitch McConnell, Mitch McConnell's, Stephen, John Thune, Thune Organizations: Republicans, Biden Administration, Democratic, Adam Schiff of California, NBC, White, Homeland, Punchbowl News, The, Press, Justice Department, Pentagon, Republican Senators, BONDI, The Department of Justice, Washington Post, Trump, OMB, Press ., NBC News, Gaetz, DOJ, Patriot, White House, Department, Senators, Armed Services Committee, DNI, Democrat, intel, United States Senate, it's, Services, Judiciary, NATO, Capitol, Intelligence, Democratic Party, Homeland Security, Senate Republicans, Senate, Sears, Roebuck, FBI, Department of Defense, New, New York Cities, Biden, DOD, Republican Conference, Defense Locations: Ukraine, Washington, Florida, PRES, Pennsylvania, United States of America, New York, Atlanta, China, Russian, Hawaii, American, Europe, U.S, Russia, United States, America, Tulsi, , Guantanamo
Some of the nation’s leading civil rights groups told NBC News that they are gearing up for a flood of legal battles to protect the protesters. Under Rubinstein, America First Legal has in the past year filed four lawsuits that provide a glimpse into how the Trump administration could differ from its predecessor. America First Legal alleges in the suits that the State Department, the Justice Department, the Department of Homeland Security and the Department of Education have protected pro-Hamas extremists. Rubinstein in an interview brought up an additional law he expects a second Trump administration could enforce. The Knight Institute said although it expects the new Trump administration to aggressively police speech, it is prepared to fight back.
Persons: Donald Trump, Trump, they’re, Biden, he’s, , Ben Wizner, Sen, Joni Ernst, Ernst, CUAD, ” Ernst, Elisha Baker, Reed Rubinstein, Stephen Miller, Miller, Rubinstein, , ” Rubinstein, aren’t, Department didn’t, Spokespeople, SJP, Edward Ahmed Mitchell, Mitchell, Joe Biden, ” Mitchell, Vince Warren, Esther, , ” Warren, Knight, Jameel Jaffer, Wizner, isn’t, ” Wizner, Kenneth Marcus, George W, Bush, Louis D, Marcus, Marcus ’, ” Marcus, Trump’s, ” Trump Organizations: Republicans, Trump, NBC, Hamas, U.S . Justice Department, U.S, NBC News, American Civil, Technology, ’ Biden, Justice Department, . Immigration, Customs Enforcement, , FBI, Columbia University, Columbia University Apartheid, Flyers, U.S . Education Department, America, Washington , D.C, State Department, Department of Homeland Security, Department of Education, Department, Foreign, Education Department, Chicago, Department of Justice, Chicago Police Department, Center for Constitutional Rights, ACLU, Islamic Relations, Muslim, , Republican, Trump Justice Department, Heritage Foundation, Knight, Biden Treasury Department, of Education’s, Civil Rights, Brandeis Center for Human, of Education, The, Education, Republican Party, Jewish Locations: Gaza, Washington, U.S, , Iowa, Washington ,, FARA, Chicago, Israel, Vietnam, York
PARIS — Most have on jeans, some wear rough work boots, and one sings with a white construction helmet tucked under his arm. The 80-strong choir has come together to do more than sing, though — the crew of architects, stonemasons, archaeologists, art historians, art conservators and others have helped rebuild Paris’ Notre-Dame cathedral after a fire ripped through the iconic French Gothic masterpiece nearly five years ago. Much like the building and rebuilding of a cathedral, a small army of individuals needs to work in unison to create extraordinary music. Just weeks before, she and her husband had taken their children to visit the cathedral — and now it was at risk of being reduced to rubble and ashes, she remembers. “Everyone was very sad and very anxious about the potential collapse of the cathedral overnight,” she said.
Persons: , conservators, Stephanie Duchêne, Dame Compagnons, , Duchêne, Robbie Lee, Gabriel Fauré’s “ Cantique de Jean Racine, Jean Racine, ” Duchêne, , ” Agnes Poirier, Notre Organizations: PARIS, Paris, Notre, Dame, Laboratory of Research, Historical Monuments, NBC News, NBC, Séverin, Left Locations: , Saint, Paris, French, France
LAS VEGAS — Max Verstappen clinched his fourth Formula 1 world championship Saturday night under the bright lights of Sin City, cementing his standing among the legends of the sport. What a season,” Verstappen said while still in his car over team radio. 2024 F1 World Drivers Champion Max Verstappen celebrates after the F1 Grand Prix of Las Vegas on Saturday. Mark Thompson / Getty ImagesThe international sport has brought a new level of glitz and glamor — and a title-decider — to Las Vegas. After winning seven out of the first 10 races, Verstappen has won just one of the last 12 races.
Persons: Max Verstappen, McLaren's Lando Norris, Norris, Verstappen, Michael Schumacher, Lewis Hamilton, Sebastian Vettel, Alain Prost, Juan Manuel Fangio, , ” Verstappen, It’s, , Sylvester Stallone, George Russell, Hamilton, Ferrari's Carlos Sainz, Mark Thompson, ” Paris Hilton, McLaren, Sainz, Charles Leclerc, “ It’s, ” Norris, Max, Red Bull, Mercedes, Sergio Perez, Austin —, Nevada’s Clark, Daniel Towriss, Michael Andretti, Bull, Ford, it's Organizations: VEGAS, Bull, Mercedes, Las, Las Vegas, , NBC News, Venetian, Bellagio, Ferrari, Vegas, Prix, Andretti, GM, FIA, Associated Press, Formula, Liberty Media, Department of Justice, Verstappen, McLaren Locations: Sin City, Las Vegas, Las, Vegas, United States, Miami, Nevada’s Clark County
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