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☆ Proposed law aims to help Americans save more for retirement—but could end up hurting Gen Z, millennial workers
▼ + stars: | 2024-11-26 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

The bipartisan legislation, introduced to Congress in 2023, would create a federal workplace retirement account for workers, similar to a 401(k). Such a plan would undoubtedly improve outcomes for those who wouldn't have otherwise have access to workplace retirement accounts, a recent study from Morningstar finds. Matching tax credit: Workers under a certain salary threshold would be eligible for a "match" in the form of a federal tax credit. Workers under a certain salary threshold would be eligible for a "match" in the form of a federal tax credit. "A lot of people would think of this federal plan as their [only] plan," he says.

Persons: Uncle Sam, Spencer Look, there'd Organizations: Savings, Morningstar, Workers

☆ A baby boomer living on $1,470 monthly in Social Security returned to work to support her children and grandchildren: 'I try to help as much as I can'
▼ + stars: | 2024-11-26 | by ( Allie Kelly | ) www.businessinsider.com time to read: +4 min

Many older Americans say monthly Social Security checks aren't enough to pay their bills. Pamela Shields is one of many older Americans who "unretired" because she couldn't live solely off her Social Security checks. Shields lives in Fort Worth, Texas, on her $1,470 monthly Social Security payments. Business Insider talked with more than 50 baby boomers who primarily rely on their monthly Social Security checks to get by, and many said that wasn't enough to cover essentials. AdvertisementShe unretired when she realized her monthly Social Security payments wouldn't be enough to support herself or her family.

Persons: Pamela Shields, Shields, she'd, she's, you'd, She's, she'll, I'm Organizations: Security, LinkedIn, Social, Business, Social Security, AARP, University of Chicago's Locations: Fort Worth , Texas

☆ Don't lose faith in the Big Tech megacaps, Jim Cramer says
▼ + stars: | 2024-11-26 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer told investors not to write off Big Tech megacap stocks, some of which were able to jump on Tuesday after recent declines. Cramer reviewed the action in stocks including Apple , Amazon , Nvidia , Microsoft and Meta . According to Cramer, Apple and Amazon are reaping the rewards of two positive analyst notes, with Bank of America praising the latter's e-commerce and online advertising businesses. Cramer was less certain about the reasons for Tuesday's wins in Meta and Microsoft. "Here's the bottom line: don't begrudge the megacaps," Cramer said.

Persons: CNBC's Jim Cramer, Cramer, Morgan Stanley, Tim Cook's, Donald Trump Organizations: Big Tech, Apple, Nvidia, Microsoft, Meta, Bank of America, President Locations: China

☆ CrowdStrike's post-earnings stock drop is a buy. Here's why sellers have it all wrong
▼ + stars: | 2024-11-26 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Annual recurring revenue jumped 27% to $4.02 billion, also ahead of the $4.01 billion estimate, according to FactSet. The team also called out the positive uptake of the Falcon Flex model announced last year at Fal.Con 2023. … Flex customers, on average have adopted more than nine modules, and we expect to see these numbers continue to rise faster." It's clear to us that the CrowdStrike Falcon platform is resonating with customers new and old. Non-GAAP operating income between $804.4 million and $809.4 million, also well ahead of the $781 million estimate.

Persons: CrowdStrike, FactSet, Jim Cramer's, George Kurtz, Kurtz, Falcon, " Kurtz, We've, …, That's, Jim Cramer, Jim, Michael Nagle Organizations: LSEG, Falcon, Flex, … Flex, Palo Alto Networks, TAM, CNBC, CrowdStrike, New York Stock Exchange, Bloomberg, Getty Locations: cybersecurity

☆ Dell shares fall on light forecast despite growing AI sales
▼ + stars: | 2024-11-26 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Dell Technologies forecast fourth-quarter revenue and earnings below Wall Street expectations on Tuesday, despite bullish commentary from the company on AI sales growth. It said it expected $2.50 in adjusted earnings per share, versus expectations of $2.65 per share. Dell's AI server sales are reported in the company's Infrastructure Solutions Group (ISG), which includes AI servers, storage, networking components, and traditional servers. The strongest part of Dell's ISG business was its Servers and Networking subsidiary, which includes AI systems. The overall ISG unit is more profitable, thanks to sales of pricier AI systems.

Persons: Michael Dell, Dell, Jensen Huang, Jeff Clarke Organizations: Dell Inc, Dell Technologies, Dell, Nvidia, Blackwell, Solutions, Networking, Intel, AMD Locations: Las Vegas , Nevada, Asia, Dell's

☆ Dick's Sporting Goods posts robust holiday guidance
▼ + stars: | 2024-11-26 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

The Dick's Sporting Goods logo is displayed on the floor of a store on September 04, 2024 in Daly City, California. Dick's Sporting Goods raised its full-year guidance on Tuesday after what CEO Lauren Hobart called an "excellent" back-to-school shopping season and better-than-expected comparable sales for its third quarter. The sporting goods giant is now expecting fiscal 2024 same-store sales to grow between 3.6% and 4.2%, up from a previous range of 2.5% to 3.5%. Dick's said the strong quarter led it to also raise its full-year sales and earnings guidance. It's now expecting full-year earnings per share to be between $13.65 and $13.95, ahead of previous guidance of $13.55 to $13.90.

Persons: Lauren Hobart, Hobart, StreetAccount, Dick's, It's Organizations: Dick's Sporting Goods, LSEG Locations: Daly City , California

☆ Police departments across U.S. are starting to use artificial intelligence to write crime reports
▼ + stars: | 2024-11-26 | by ( Barbara Booth | ) www.cnbc.com time to read: +8 min

"When I first tested it myself, I was absolutely floored, because the draft report was incredibly accurate. "If the police officer is going to rely on artificial intelligence [to draft the report], that report should be reviewed," said New York trial attorney David Schwartz. Axon competitors Truleo and 365 Labs are positioning their AI tools as quality-focused aids for officers rather than time savers. Still, she says "I don't think the genie is going back into the bottle. Schwartz believes that while AI reports could be admissible, they open the door for intense cross-examination.

Persons: Fort, Rick Smith, Robert Younger, Stephanie Pitcher, Parker, McConkie, David Schwartz, Smith, Keith Olsen, —, Olsen, Anthony Tassone, 365Labs, Mohit, Cassandra Burke Robertson, Schwartz, it's, Adam Rosenblum, Sergeant Younger, Fort Collins, I've, that's Organizations: East Palo, Fort Collins Police Department, it's, New York, Center, Case Western Reserve University School of Law, Fort Locations: Fort Collins , Colorado, Lafayette , Indiana, East, East Palo Alto , California, Utah, York, New Jersey

☆ Many digital health startups are quietly raising down rounds and closing up shop. Here's why.
▼ + stars: | 2024-11-26 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +9 min

Now, VCs say many digital health startups are cutting their valuations to live another day. As of mid-November, PitchBook data shows 327 digital health startups that grabbed funding in 2021 but haven't raised since. Not even the AI boom, which has brought back-to-back fundraises for hot healthcare startups like Abridge, can make up for the discrepancy. "There are more digital health companies that are selling assets, selling people, or whatever they can," said Greg Yap, a partner at Menlo Ventures. AdvertisementVCs told BI they're pushing the next generation of healthcare startups for better discipline in balancing growth with profits.

Persons: haven't, Greg Yap, Doba Parushev, CareFirst, Parushev, Jenny Chang, Rodriguez, Alyssa Jaffee, she's, that's, Ruth, Alison Greenberg, Healthworx's Parushev, Forward's, Rob Price, Axios, LetsGetChecked, Galym, Yap, cofounders Umar Afridi, Sid Viswanathan, VCs Organizations: Healthcare, Business, Menlo Ventures, Healthworx Ventures, Getty, Ruth Health, Carta, Optum Ventures, Lightspeed Ventures Partners, Omada, Walgreens, Walmart Locations: Forward's San Francisco

☆ I took my teenagers to an all-inclusive resort. Not having to plan every moment helped me be more present as a parent.
▼ + stars: | 2024-11-26 | by ( Terri Peters | ) www.businessinsider.com time to read: +7 min

AdvertisementMy husband and I just took our teenagers to an all-inclusive resort for the first time. I'm the primary vacation planner, so overall, I enjoyed the ease of a family all-inclusive vacation. While adults-only resorts have a definite nightlife vib, with open bars and tipsy late-night entertainment, I found the family all-inclusive vibe to be much less alcohol-focused. AdvertisementOverall, I'd visit an all-inclusive resort with my kids againThe author and her family enjoyed the all-inclusive resort. Overall, visiting an all-inclusive resort with my teenagers was a great experience, one that required little to no planning on my part once our flights and resort were booked.

Persons: we'd, Eager, Terri Peters, Terri Peters I'm, we've, Terri Peters I've, I'd, they'll, they're Organizations: Turks Locations: Turks, Caicos, French, Providenciales

Learn moreThis year's Black Friday sales are shaping up to be particularly noteworthy, and Skims' sale is no exception: for the first time ever the brand is offering a sitewide sale. There's never been a better time to shop Skims than right now when the brand's Black Friday deals are live. We're adding a snug bodysuit and cozy onesie to our carts, but you can find more of the best Black Friday deals on Skims below. View at SkimsBlack Friday Skims FAQsWhen does the Skims Black Friday sale start and end? Black Friday 2024 is the best time to shop at Skims since the brand is offering its first-ever sitewide sale.

Persons: Kim Kardashian, Skims, There's, ”, Olivia Rose Rushing, “, Conz Preti, Celia Fernandez, It’s, There’s Organizations: Business, Skims Locations: Skims

☆ I tried 8 different types of store-bought biscuits, and the best melted in my mouth
▼ + stars: | 2024-11-26 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +1 min

Last Thanksgiving, I tried eight different biscuit mixes and doughs to see which was the tastiest. The original Pillsbury Biscuits and the Red Lobster Cheddar Bay Biscuits came out on top. In time for the holidays last year, I tried Annie's Organic Flaky Biscuits, Red Lobster Cheddar Bay Biscuits, Trader Joe's Organic Biscuits, Immaculate Organic Biscuits, Happy Belly Jumbo Buttermilk Biscuits, and three different kinds from Pillsbury: its Original Flaky Layers, Grands! Southern Homestyle Southern Recipe, and Grands! Southern Homestyle Butter Tastin'.

Persons: Kit Kats Organizations: Pillsbury Biscuits, Biscuits, Immaculate Organic, Pillsbury, Amazon Fresh

This spiraled into a diss-track war in April and May, with Cole, Drake, Rick Ross, and Lamar all releasing new songs. Later in the track, Drake references Cole's diss track and apology. Evan Agostini/Invision/APLater in the track, Drake raps that he gave Future his first No. At the end of the track, Lamar samples a 1994 Tupac interview to simulate a conversation between the two rappers. Instead of insulting Drake, Lamar claims that the "Push Ups" rapper's circle has been feeding him lies, leaking information about him, and hoping for his downfall.

Persons: Drake, Kendrick Lamar, Lamar, Lamar dissed Drake, J, Cole, Rick Ross, Hannah Getahun, Joseph Okpako, WireImage Lamar, Jermaine Cole, Big, Wale, Pusha, Meek Millz, Big Sean, Jay, Tyler, Mac Miller, Kunta, Lamar hasn't, Meek, Getty, Tim Mosenfelder, Aubrey, Muhammad Ali, Michael Jackson, Jackson, “, rics,, m., ake Organizations: UMG, Spotify, Future, Metro, Universal Music Group, Wireless, Lamar, Big, Rocky, Rap Locations: Drake's, Lamar, Drake, Diss, Lamar's, Florida

Elon Musk and Grimes' custody battle in Texas was resolved in August, nearly a year after the Tesla CEO filed a lawsuit against the musician in the state. Here's a timeline of the custody battle, including when the suits were filed, and the accusations Musk and Grimes have made against each other in court. In August 2023, Grimes and Musk traveled to Tokyo together, but Musk said in his petition that their relationship broke down shortly after. September 7, 2023: Musk sues GrimesMusk sued Grimes in Texas in early September to "establish the parent-child relationship" with their three kids. November 28, 2023: Musk voices security concernsMusk asked a Texas judge to restrict access to his custody battle for his kids' safety.

Persons: Elon, Grimes, Elon Musk, Los Angeles Grimes, would've, Musk, Walter Isaacson, Shivon, Grimes Musk, " Grimes, Zilis, Shivon Zilis, Jon Kopaloff, Stephen Lam, Recep Tayyip Erdoğan, We're, Texas Grimes, Musk's X, Musk Grimes, Rishi Sunak, Andrew Sorkin, Bob Iger, nannies, Tesla, Theo Wargo, Sandy Garossino, Garossino, hadn't Organizations: Elon, Twitter, Musk, US Securities and Exchange Commission, UK, Disney, San Francisco Superior Court Locations: Texas, California, Los, Los Angeles, LA, Tokyo, San Francisco, Mexico, Turkey, New York, Israel, Austin , Texas, Iger, Claire, Travis County , Texas, Francisco

☆ Why Americans Love Aldi; Food Inflation, Budget, Discount Groceries
▼ + stars: | 2024-11-26 | by ( Alex Bitter | ) www.businessinsider.com time to read: +11 min

She usually shopped at Publix, but in 2021, when inflation was sending grocery prices soaring, her curiosity got the better of her. AdvertisementAs grocery prices have jumped by double digits over the past few years, people have felt the sting. So how did a German grocery chain find such a ravenous following in America? For comparison, about 20% of groceries sold in the US last year were store brands, according to the Food Marketing Institute. He expects to see even more Aldi stores opening.

Persons: Julie Herron, Herron, Theo, Karl Albrecht, Aldi, wasn't, Oscar Mayer, Gen Z, Scott Patton, Patton, Joe's, there's, Phil Lempert, She's, Lempert, it's, Dunnhumby, Zak Stambor, I'm, Trump, Jason Hart, they'll, Alex Bitter Organizations: Aldi, Kroger, Foods, Iowa City, Employees, Bank of America, Food Marketing Institute, Aldi USA, Costco, Facebook, Southeastern Grocers, Winn, EMARKETER, Business, Walmart Locations: Nashville, Aldi, Euromonitor, America, Germany, Iowa City , Iowa, Charlotte , North Carolina, Wisconsin, Florida, Washington and Colorado, Illinois

☆ From ordering holiday cards early to sticking to your to-do list, here's how to avoid holiday stress
▼ + stars: | 2024-11-26 | by ( Caroline Praderio | ) www.businessinsider.com time to read: 1 min

Start with a holiday to-do list. Jamie Grill/Getty ImagesKick off the holiday season by sitting down and making a master plan. "You can keep track of your holiday tasks by creating a master checklist or to-do list," Rashelle Isip, organization and productivity expert of The Order Expert, told Business Insider. "It's easier to track your holiday tasks when they're located in the same list." You could use a notes or list app, but organizing expert Julie Morgenstern suggested using paper.

Persons: Jamie Grill, Julie Morgenstern, Morgenstern

☆ Here's how to maximize your tax breaks for charitable giving
▼ + stars: | 2024-11-26 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Here's what to know about charitable tax breaks before swiping your credit card or transferring funds, according to financial advisors. How the charitable deduction worksWhen filing taxes, you claim the standard deduction or your total itemized deductions, whichever is bigger. The latter includes a tax break for charitable gifts, medical expenses and state and local taxes, or SALT, among others. For 2024, the standard deduction is $14,600 for single taxpayers and $29,200 for married couples filing together. Plus, you can satisfy yearly required minimum distributions, or RMDs, with a QCD, according to the IRS.

Persons: Indiana University Lilly, Paula Nangle, Donald Trump, Nangle, filers, Sandi Weaver, Weaver, Juan Ros Organizations: Indiana University, Indiana University Lilly Family School, Marshall Financial, President, Weaver Financial, Medicare, Financial Management Locations: Doylestown , Pennsylvania, Mission , Kansas, Thousand Oaks , California

☆ Jim Cramer defends cryptocurrency support: 'National debt worries are never going to go away'
▼ + stars: | 2024-11-26 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday defended his stance on cryptocurrency, saying he endorses owning some as a hedge against government spending and a ballooning deficit, as "national debt worries are never going to go away." Some on Wall Street believe that due to cryptocurrency's fixed supply, it will be a solid asset in the event that continued excessive federal spending — and a widening U.S. national debt — devalues the dollar. However, he acknowledged that cryptocurrency is also fairly new and doesn't yet have a proven track record. Cramer expressed skepticism that the government will be able to solve the debt issue any time soon. "I think bitcoin, ethereum and maybe even some other cryptocurrencies deserve a spot in your portfolio, too," Cramer said.

Persons: CNBC's Jim Cramer, I've, —, Cramer, cryptocurrency

☆ Thanksgiving on Ozempic: 5 rules for eating and dosing during the holidays
▼ + stars: | 2024-11-26 | by ( ) www.businessinsider.com time to read: +4 min

Popular weight-loss drugs shouldn't keep you from enjoying the holidays, according to a doctor. GLP-1 medications like semaglutide (sold as Ozempic and Wegovy) and tirzepatide (Mounjaro and Zepbound) have been a game-changer for weight management in recent years. To stay on track and enjoy the season, avoid these misunderstandings about GLP-1 medications that arise around food-related holidays. Don't feel like you're going to miss out on holiday funTaking a GLP-1 over the holidays won't prevent you from enjoying the festivities. It doesn't mean that you're not going to want to eat turkey and the foods you'll have over the holidays.

Persons: shouldn't, Ozempic, Caroline Apovian, Apovian, it's Organizations: Center, Weight Management, Wellness, Brigham, Women's Locations: GLP

☆ The 10 U.S. states with the highest average credit scores
▼ + stars: | 2024-11-26 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

For the third year in a row, Minnesota residents have the highest credit scores in the U.S. with an average VantageScore credit score of 726, a recent report from WalletHub finds. Mississippi residents have the lowest average credit score of 672, but despite the 54-point difference, both the highest and lowest average scores qualify as "good," according to VantageScore's model. For one, Minnesotans carry relatively low average credit card balances, compared with the rest of the U.S., Bankrate reports. Your credit utilization rate is the amount of available credit you use at a given time. Here's a look at the average credit score in every state.

Locations: Minnesota, U.S, Mississippi, , Minnesota

☆ Trump’s tax proposals are a step closer to reality. Here’s what it means for your portfolio
▼ + stars: | 2024-11-26 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

The Tax Cuts and Jobs Act, which went into effect in 2018, overhauled the federal tax code. The legislation roughly doubled the standard deduction, tweaked the individual income tax brackets and trimmed rates. It also applied a $10,000 cap on the state and local tax deduction, and it nearly doubled the estate tax exemption. Prepping for 2025 Investors can set up their portfolios for success heading into 2025, especially now that they still have some certainty on the tax climate for next year. Eligible IRA owners can exclude up to $105,000 in QCDs from their taxable income in 2024.

Persons: Donald Trump, Stephen Bigge, Rafia Hasan, you've, Hasan, Rachel Elson, it's Organizations: Republican, Keebler, Associates, Senate, Perigon Wealth Management, Internal Revenue, Moderna, Intel, that's Locations: Washington, Green Bay , Wisconsin, San Francisco, QCDs

☆ Wall Street is bullish on sports investing as major leagues' values outpace the S&P 500 by up to 5 times. Here's the strategy and sectors top firms are betting on.
▼ + stars: | 2024-11-26 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

AdvertisementFormula 1 kicked off the trend in 2006 after allowing private equity firm CVC Capital Partners to purchase it. Then, in 2021, the NBA allowed private equity to own up to 20% of franchises. For example, the value of Major League Soccer (MLS) was up by 1,565%, or almost five times the index. "You've seen many large private equity firms participating in that space over the past five years or longer, and that certainly has seen significant valuation growth. Below is a table from JPMorgan's 2025 outlook report showing private equity funds planned investment themes.

Persons: David Tepper, Steve Cohen, Jay Serpe, Ted Yarbrough, Serpe, You've, JP Morgan, Yarbrough Organizations: Sports, Carolina Panthers, New York Mets, Capital Partners, NBA, JPMorgan Private Bank, Major League Soccer

☆ Here’s how investors should play the rest of this holiday-shortened trading week
▼ + stars: | 2024-11-26 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Meanwhile, HSBC downgraded Morgan Stanley stock to a hold from buy Monday evening. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Donald Trump's, Jim, Stanley Black, Decker, Wells, Charlie Scharf's, Wells Fargo, Morgan Stanley, Jim Cramer's Organizations: CNBC, Nasdaq, Dow Jones, Trump, Wells, Reuters, Federal Reserve, HSBC, Morgan Locations: Canada, Mexico, China, U.S, Wells Fargo

☆ Here's why Amazon is set to lead the AI race
▼ + stars: | 2024-11-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why Amazon is set to lead the AI raceJessica Inskip, Stockbrokers.com director of investor research, joins 'Power Lunch' to discuss which company will take a leading role in the AI space.

Persons: Jessica Inskip

☆ I spent $120 on a ferry to and from an artsy Cape Cod town with beautiful views. The scenic 90-minute ride wasn't even the best part.
▼ + stars: | 2024-11-26 | by ( Natalie Gale | ) www.businessinsider.com time to read: +1 min

AdvertisementI spent about $120 on a round-trip ferry ride from Boston to Provincetown, Massachusetts, and back. The ferry, which I booked through Boston Harbor City Cruises, had lots of seating and a snack bar. A friend and I recently decided to take a day trip there from Boston via a 90-minute ferry ride on Boston's Provincetown/Cape Cod Fast Ferry through Boston Harbor City Cruises. Including taxes, fees, and ticket insurance, my round-trip ticket cost about $120. Here's what the ferry ride and day trip to Provincetown were like.

Organizations: Boston, Boston Harbor City Cruises, Provincetown Locations: Boston, Provincetown , Massachusetts, Boston Harbor, Cape Cod, Provincetown, Cape

☆ Best Buy cuts full-year sales forecast due to softer demand for consumer electronics
▼ + stars: | 2024-11-26 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

People walk into a Best Buy store in a Brooklyn mall on August 29, 2023 in New York City. Best Buy on Tuesday cut its full-year sales forecast as it missed Wall Street's quarterly revenue expectations and a fresh batch of iPhones and AI-enabled laptops weren't enough to drive higher sales. It expects full-year comparable sales to decline by between 2.5% and 3.5%, compared to its prior expectations of a 1.5% to 3% drop. Comparable sales includes sales online and at stores open for at least 14 months. Shares of Best Buy were down about 3% in premarket trading Tuesday.

Persons: Corie Barry, Barry, Matt Bilunas Organizations: LSEG, Microsoft Locations: Brooklyn, New York City, U.S

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