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AdvertisementWith North Korean forces believed to be moving toward Russia's front lines, fears are growing that the Ukraine war is about to enter a new phase. Around 3,000 North Korean soldiers arrived in Russia last week, according to US, South Korean, and Ukrainian intelligence. The reports signaled a deepening military alliance between Russia and North Korea — an alliance that has been met with a muted response from China. AdvertisementThe bland statement may have been aimed at balancing its influence over North Korea and Russia with its relationship with Ukraine's Western allies. For North Korea, China has long been its most important ally, providing trade, diplomatic support, and military aid to Kim Jong Un.
Persons: , Ukraine's, Bruce Klingner, Kim Jong Un, Ali Wyne, Sari Arho Havrén, Trump, Ann Marie Dailey Organizations: Service, Council, Foreign Relations, European Union, EU, Bank, China, Heritage Foundation, North, Royal United Services Institute, RAND Locations: China, Russia, Ukraine, South, North Korea, EU, Beijing, North, Eurasia, Korea
Unlike with the hurricane rumor response page, FEMA did not appear to respond to the rumors on its page for the wildfires. By 2009, Alex Jones, perhaps one of the most widely known modern conspiracy theorists, was promoting the false FEMA camps conspiracy theory and deriding those who attempted to debunk it. The FEMA camps conspiracy theory continued throughout the height of the pandemic after President Joe Biden signed various executive orders regarding vaccinations and testing. Ron DeSantis said the plan was “not necessary” and referred to the vaccination sites as “FEMA camps.”Although the FEMA camp conspiracy theory has been shot down again and again, Aniano believes this won’t be the last of it. “The conspiracy theory, it’s going to come up again,” Aniano said.
Persons: Helene, Milton, Hurricane Helene, , Tiffany Walters, Wendy Billot, Ida, Emily Kask, ” Sara Aniano, Fiona, Jimmy Carter, Camille, Carter, , Jonathan Drake, Oliver North, Reagan, Rebecca Rouse, ” Rouse, Conspiracism, antigovernment, , Alex Jones, Sandy, Jade Helm, conspiracists, insurrectionists, Aniano, ” Aniano, Donald Trump, Covid, Mike DeWine, Trump’s, ” DeWine, Bill Seitz, ’ ” Seitz, Seitz, Joe Biden, Biden, Ron DeSantis, “ Something’s Organizations: Federal Emergency Management Agency, FEMA, NBC News, Defamation League’s, Extremism, NBC, USA, Southern Poverty Law Center, Center for Strategic, International Studies, U.S ., Reuters, Tulane University, Oklahoma City, U.S . Army, The New York Times, Guardian, Ohio Gov, Trump’s FEMA, Ohio Department of Health, Republican, Ohio Public, Florida Gov Locations: Hurricane, North Carolina, , Houma, La, Texas, New Mexico, Hawaii, Maui, Mississippi, Canton , N.C, U.S, Mexico, Washington, America, Stafford, Ohio, Florida
The glass-half-full view is that price increases for single-family rental units are rather low, at least compared to the surges early in the pandemic. There's a similar dynamic going on in the single-family rental market, according to Rentometer. Fewer single-family units to choose from means that tenants have less bargaining power and may be forced to accept rent increases. 19 cities where rent is quickly slidingAlthough rent broadly is on the upswing, there are many cities where single-family rental units are getting cheaper, even if they're admittedly few and far between. Below are those places, along with their average rent and rent growth in the third quarter, plus their region.
Persons: homebuyers, , Rentometer Organizations: Service, Savings, Business Locations: Midwest, Northeast, Southeast
A millennial couple moved from Hawaii to Colorado in 2017 in search of a lower cost of living. AdvertisementEntrepreneurship could help them afford a homeSibok and his girlfriend moved to Colorado in 2017. Related storiesOne of the biggest reasons they left Hawaii was the state's high cost of living. Jon Sibok and his girlfriend are struggling to find a home in their budget in Colorado. AdvertisementWhen the couple first moved to Colorado, home prices and mortgage rates were significantly lower than they are today.
Persons: they've, , Jon Sibok, Sibok, Redfin, he'd, it's, Doxo, Sibok hadn't, homeownership, he's Organizations: Service, Commerce City , Colorado —, Business, Commerce, Colorado Locations: Hawaii, Colorado, Commerce City , Colorado, Denver, Commerce City
Related storiesA 2022 George W. Bush Institute study found that US metros with the highest immigrant population growth scored the lowest construction costs. Without the supply of these workers, history suggests housing costs are likely to rise. These could be significant, given that the construction industry would be competing against other immigrant-dependent sectors. Trump's campaign has implied that cracking down on immigration will help ease housing unaffordability by effectively removing one source of demand. Meanwhile, Trump's platform is also pushing another policy initiative that's unlikely to help housing costs: tariffs.
Persons: Donald Trump, , Donald Trump's, doesn't bode, Jim Tobin, Tobin, George W, JD Vance Organizations: Service, Republican, National Association of Home Builders, Home Builders Institute, Bush, SC, Congressional
CNN —When considering who is living paycheck to paycheck, households with an income of six-figures or more likely aren’t the first to come to mind. But, as it turns out, about a fifth of US households that earn more than $150,000 a year are in that situation. Across all income levels, households that earn less than $50,000 a year saw the highest proportion, around 35%, of people living paycheck to paycheck so far this year. But at higher income levels, the portion of households living paycheck to paycheck falls slowly. For instance, the share of households living paycheck to paycheck and earning between $50,000 and $75,000 is only a few percentage points higher than households earning more than $150,000.
Persons: ” David Tinsley, Tinsley Organizations: CNN, Bank of America, Bank of America Institute, Labor Department
AOC is behind a new bill to create a federal social housing developer. Unlike traditional American public housing, which is usually reserved for low-income families, social housing is intended to be mixed-income. But some pro-housing policy experts — who subscribe to the YIMBY, or Yes in My Backyard, movement — are skeptical that a federal social housing authority makes sense. Related storiesGallagher, a Democrat who represents gentrifying neighborhoods in North Brooklyn, was struck by the stability created by social housing in Vienna. Congress would likely not support a federal social housing authority until there is evidence of its success at the state level.
Persons: , Kamala Harris, Alexandria Ocasio, Cortez, Sen, Tina Smith, Minnesota —, Emily Gallagher, Gallagher, Hillary Schieve, Jenny Schuetz, Shane Phillips, Schuetz, Tricky Organizations: Democratic, Service, — Rep, New, Democrat, Yorkers, Brookings Institution, Lewis Center for Regional Policy, Homes, US Department of Housing, Urban Locations: Washington, Alexandria, Minnesota, Austria, New York, North Brooklyn, Vienna, Rhode, Atlanta, California, Montgomery County , Maryland, Reno , Nevada
The Street is looking for Stanley Black & Decker sales of $3.8 billion in the third quarter and earnings per share (EPS) of $1.05. The Street is looking for Linde sales of $8.35 billion in the third quarter and EPS of $3.89. In addition to the headline results and forward guidance, overall organic sales growth and data center energy power demand will be focus items for investors. The Street is looking for sales of $94.47 billion in its fiscal fourth quarter and EPS of $1.55. The Street is looking for Coterra sales of $1.3 billion in the third quarter and EPS of 34 cents.
Persons: That's, It's, Stanley Black, Decker, we're, We're, Eli Lilly, Lilly, Amy Hood's, Brian Niccol, Wednesday's, Linde, it's, we'll, Phillips, Horton, Kraft Heinz, SIRI, Estee Lauder, BUD, Cardinal Health, Jim Cramer's, Jim Cramer, Jim, Stephanie Keith Organizations: Nasdaq, Dow, Fed, PCE, YouTube, Justice, AMD, GE Healthcare, Reality Labs, Microsoft, Management, Starbucks, U.S, Presidential, Linde, Apple Intelligence, Amazon, Services, Coterra Energy, WM, Cadence Design Systems, Labor, PayPal, BP, Pfizer, Royal Caribbean Cruises, JetBlue, HSBC, Devices, Grill, Electronic Arts, EA, Gross, Caterpillar, Brinker International, AFortive Corporation, Illinois Tool, Coinbase, eBay, EBAY, Booking Holdings, MGM Resorts, MGM, Bausch Health, LIN, Merck, ConocoPhillips, Mastercard, Altria, Cruise, Myers Squibb, Comcast, Mobileye, Cheniere Energy, Regeneron Pharmaceuticals, Anheuser, Busch InBev, Intel, United States Steel, Juniper Networks, Chevron, Exxon Mobil, Dominion Energy, Charter Communications, LyondellBasell Industries, Cardinal, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Eaton, Corning, Illinois, Bristol, New York City
Jodi Wright, 56, moved from California to Idaho in 2020 in search of a quiet place to retire. But the family moved back to California earlier this year because of rising prices. AdvertisementWe moved to Idaho in December 2020We listed our house in California, and it sold in one day. Jodi Wright and her family moved to Caldwell, Idaho, a small town about 30 minutes outside of Boise. One of the major differences we noticed between California and Idaho is how clean Idaho is.
Persons: Jodi Wright, Wright, , We've, COVID, it's, I'm, we're, We're Organizations: Service, Republican, Getty Locations: California, Idaho, Boise, Sacramento , California, Caldwell , Idaho, Redfin, Washington State, Caldwell, Oregon, Dixon , California
This month, Realtor.com released its ranking of the top 10 cities with the lowest cost of living based on the latest regional price parities data from the U.S. Department of Commerce's Bureau of Economic Analysis (BEA). The regional price parities measure the differences in price levels of goods and services across states and metropolitan areas and are shown as a percentage of the overall national price level, the BEA states. Home prices tend to be lower in the South and the Midwest," Jones says. "Markets in the South and the Midwest can expand as demand picks up, which helps keep housing costs low. The price of housing is relatively affordable because of their ability to adapt to demand."
Persons: Realtor.com, Hannah Jones, Jones Organizations: U.S . Department of Commerce's, Analysis, BEA, CNBC
CNN —Former President Donald Trump and Vice President Kamala Harris have laid out a broad array of ideas aimed at making life more affordable and strengthening the economy, which rank at the top of voters’ concerns. Both Trump and Harris have rolled out pricey provisions without specifying how they would cover the cost. Though his campaign hasn’t released details on the proposal, Trump has indicated that he would eliminate both federal income taxes and payroll taxes, which fund Social Security and Medicare. Around half of beneficiaries – mainly those with higher incomes – pay federal income tax on their Social Security payments. Harris’ plan would also accelerate the speed of Medicare’s drug price negotiations so that the costs of more medications come down faster.
Persons: Donald Trump, Kamala Harris, hasn’t, Harris, Harris ’, Trump, Joe Biden’s, Biden, Sen, JD Vance, Trump’s, ” Harris, USMCA, ” Trump, He’s, Elon Musk, John Deere, ” Vance Organizations: CNN, Trump, Yale University, Security, Social Security, Center, Social, Rescue, Medicare, GOP, Biden, Republican Party, ” Invest, America, Federal Reserve, American Locations: Nevada, Las Vegas, Mexico, Canada, Texas, Florida, Harris, Midwest
Between 2022 and 2023, over 690,100 people left California, according to new census data. So, in January 2022, Speakman and her family packed up and left Temecula, California, for the Dallas-Fort Worth area. AdvertisementBetween 2022 and 2023, about 54,200 people also left California for Arizona, a decline from 74,100 the year before. AdvertisementWhere people are moving to California fromWhile fewer people from other states moved to California between 2022 and 2023 than between 2021 and 2022, the allure of the Golden State remains robust. She left California seeking a more favorable political climate and a better chance at achieving the American dream.
Persons: , Kellee, California's COVID, Speakman, Jeffrey VonderHaar, Jeffrey VonderHaar Jeffrey VonderHaar, VonderHaar, Michelle Clifford, Michelle Clifford Michelle Clifford, Clifford, Abby Raisz, Raisz, It's, Kimberly Wilkerson, Wilkerson, Dannielle Price, Eiman, Zora, Price Dannielle Price, Price, Eiman Monam Organizations: Golden State, Service, Texans, Dallas, American Community Survey, BI, Council Economic Institute, CBS News Locations: California, Texas, Temecula , California, Fort Worth, Golden State, Arizona, Nevada, Washington, Florida, California's, Calabasas , California, Houston, Celina, Dallas, New York, Oregon, Illinois, Bay, Austin , Texas, Oakley , California, Austin, Tyler , Texas, Riverside , California, Henderson , Texas, Tyler
In the relatively affluent Milwaukee suburbs of Waukesha County, Wisconsin, Rochelle Gamauf said each week she is seeing new faces at her food pantry, Friends With Food, which she started during the pandemic. The organization has gone from giving out around 420,000 pounds of food in 2022 to over a million pounds in 2023. “I’m seeing people that have never visited a food pantry in their life,” Gamauf said. In Michigan, Phil Knight, executive director of the Food Bank Council of Michigan, said he’s also seeing more regulars. Even then, he said there are times when they run out of food with hundreds of people still in line.
Persons: Ken Estelle, , , Estelle, “ We’ve, Joe Arthur, , Donald Trump, Kamala Harris, Harris, Trump, Rochelle Gamauf, ” Gamauf, “ It’s, Arthur, “ We’re, ” Arthur, Melody McCurtis, she’s, McCurtis, Heidi Gould, ” Gould, Gould, Phil Knight, he’s, That’s, Gamauf Organizations: America, Central Pennsylvania Food Bank, , Jewish Community, Food Bank Council of Locations: Michigan, America West Michigan, Pennsylvania, Wisconsin, ” Michigan, Milwaukee, Waukesha County , Wisconsin, Lancaster County, Dauphin County, Harrisburg, Metcalfe, Food Bank Council of Michigan, Dairy State, Waukesha
Now, young men have emerged as a voting bloc that could potentially swing an election expected to see a razor-thin margin of victory for the candidate who wins. The trend has been especially pronounced among young men of color. Adding to the complexity is that younger men have actually experienced solid economic gains, at least on paper, during the Biden administration. Yet, some young men continue to express concerns about making ends meet, and say they consider current immigration policies to be an obstacle to their upward mobility. In the University of Chicago GenForward poll, young men named “economic growth” as their No.1 issue, with inflation not far behind.
Persons: They’re, Donald Trump, Harris, Joe Biden, Trump, Biden, , JD Vance, Matt Nelsen, ” Nelsen, Kamala Harris, Nelsen, , Organizations: Republicans, NBC, Trump, Harvard Kennedy School Institute of Politics, University of Chicago’s, University of Chicago, NBC News, Black, New York Times, U.S . Locations: U.S
Realtor.com identified the top 10 places in the US with the lowest cost of living. Small cities in the South and Midwest dominate the list, with a Texas city taking the top spot. While the cost of living varies widely from state to state and city to city, several spots across the US can offer residents a comfortable standard of living with prices that don't break the bank. "Home prices in these areas were $100,000 or more below the national median in September," Hannah Jones, senior economic research analyst at Realtor.com, said in the report. Below are the 10 US cities with the lowest cost of living.
Persons: Realtor.com, , Hannah Jones Organizations: Service, Realtor.com Locations: South, Midwest, Texas, United States, Ohio
Mortgage rates for October 26, 2024, are hovering in the mid-6% range, according to Zillow data. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. High mortgage rates pushed many hopeful buyers out of the market, slowing homebuying demand and putting downward pressure on home prices. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.
Persons: they'll, you'll, they've, Freddie Mac, it's, Fannie Mae Organizations: Federal, Fed, Traders, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Mortgage, Association Locations: Chevron
I was a single mother with a lot of debt, so I couldn't cosign student loans for my two sons. I helped them pay for their small college expenses along the way. AdvertisementWhile I very much wanted my sons to go to college, as a divorced single parent, I chose not to cosign or take on Parent Plus loans that would add to my personal debt. Too much debt had previously been a problem for me, and I had learned some financial lessons the hard way. I decided I could help my sons with expenses as we went along — like textbooks and housing.
Persons: Organizations: Service, Parent
Similar to Maureen, she's concerned about financial security for older Americans — but she will be supporting Vice President Kamala Harris. "He says that he's going to keep Social Security, but you never know with him," Klein told BI of Trump. CRP research suggests that's due to fewer older adults working traditional jobs and instead pursuing entrepreneurship to supplement their retirement incomes. AdvertisementJR Reed and Krista Geer, both in charge of county-wide aging agencies, have met with older adults in Pennsylvania to hear their top worries. Critics say it isn't tied to a measure that accurately reflects the spending of older Americans.
Persons: Harris, Trump, , Maureen, Donald Trump, he'll, she's, Heck, Federal Reserve —, Marjorie Klein, Kamala Harris, Klein, Bill Johnston, Walsh, Benjamin Glasner, haven't, Glasner, Mike Crossey, Crossey, Richard Fiesta, Fiesta, Kyle Kopko, Kopko, Bill Candelori, It's, Candelori, Josh Shapiro —, Democrat —, Jason Kavulich, it's, I've, JR Reed, Krista Geer, Geer, Reed, Brian Hughes, JD Vance, Kavulich Organizations: Pennsylvania, BI, Social Security, Service, Republicans, Biden, Trump, Federal Reserve, AARP, Cambria —, Economic Innovation Group, Security, Alliance, Retired, Center for, Democrat, Pennsylvania's, JR Locations: Pennsylvania, Philadelphia, AARP Pennsylvania, — Fayette, Cambria, Pittsburgh, Center for Rural Pennsylvania
For Gen Z, retirement is 40 or 50 years away, but now is the perfect time to start saving. Four financial experts shared their top strategies to kick-start retirement savings. Or, it may seem difficult and anxiety-inducing, especially as Gen Z juggles student loan debt, high costs of living, and a tough job market. AdvertisementBusiness Insider asked four wealth advisors for their best tips and tricks on how Gen Z can maximize their retirement savings, starting now. Basic budgeting strategies, such as keeping housing costs at 30% or lower of your total paycheck, can also create a strong foundation for retirement savings, Crowell said.
Persons: , Zers, Z, Gen Z, there's, Andrew Crowell, Davidson, Crowell, Zer, Gen Zers, Ayako Yoshioka, Yoshioka, Roth, haven't, Ashley Weeks, Weeks, Alanna Morey, Morey Organizations: Service, Social Security, Bank of America, D.A, Roth IRA, Equity, Bank
I didn't have a car, and doing work exchanges kept my fixed costs a fraction of what I spent in the US. My mindset was also different: I didn't feel the need to spend money to have fun like I do at home. But the mindset I had while living abroad is what really helped me save: I didn't feel the need to spend money to enjoy myself. I spent one summer living in New York City thanks to a work exchange I found on that same website. The traveler's mindset I had while living abroad encouraged me to explore, get creative, and find fun in the simplest activities.
Persons: , I've, I'd Organizations: Service, Central America, Get, Workaway, Yorkers Locations: Costa Rica, Mexico, Central, Europe, Asia, Portland , Oregon, Japan, Vietnam, Tuscany, New York City
A federal jury awarded the six ex-BART workers between $1.1 million and more than $1.5 million each, court records show. Kevin Snider, who served as lead attorney, said the workers didn’t compromise their religious convictions for their jobs. A class-action lawsuit filed in October 2022 said BART granted the vaccine religious exemption for some, but denied accommodations in every instance. Between then and February 2022, about 179 employees submitted requests for religious exemptions, and 70 were approved, the suit said. However, one in three BART employees seeking medical exemptions were granted an accommodation, according to the suit.
Persons: , Kevin Snider Organizations: Bay, Rapid Transit, BART, Northern, Northern District of, The Pacific Justice Institute, Covid Locations: California, U.S, Northern District, Northern District of California
A 23-year-old U.S. Army sergeant was found dead Monday evening on Fort Leonard Wood in Missouri hours after she was reported missing, officials said. "The Fort Leonard Wood community is devastated by this tragic loss. Roque, of Ligonier, Indiana, was assigned to the 5th Engineer Battalion as a bridge crewmember and mine dog handler with the K9 detachment, U.S. Army Fort Leonard Wood said. She enlisted in 2020 and attended basic combat training at Fort Leonard Wood, an Army installation post that trains about 80,000 military and civilians each year. She received the Army Commendation Medal, National Defense Service Medal, Good Conduct Medal and the Army Service Ribbon.
Persons: Fort Leonard Wood, Sarah Roque, Christopher Beck, Roque, Beck, Leonard Wood, Sarah, Army Fort Leonard Wood Organizations: . Army, Fort, Excellence, Army Criminal Investigation Division, The Army CID, 5th, Battalion, U.S, Army, National Defense Service, Army Service Locations: Missouri, Ligonier , Indiana
Israeli strikes killed 38 people in southern Gaza, according to local officials, and three journalists overnight in southern Lebanon, their networks and local officials said — an attack that drew accusations of war crimes Friday from the country's government. Israeli forces meanwhile besieged and stormed one of the few functioning hospitals in northern Gaza according to local health officials, as they continued an intense assault on that part of the Palestinian enclave. Lebanese Information Minister Ziad Makary accused Israel of intentionally targeting the journalists in an attack he said amounted to a "war crime." “The Israeli enemy waited for the journalists’ night break to betray them in their sleep," Makary said in a post on X. "This is an assassination, after monitoring and tracking, with prior planning and design, as there were 18 journalists present at the location representing seven media institutions.
Persons: , Antony Blinken, Mohammed Rida —, Wissam Qassim, Ziad Makary, Israel, Makary Organizations: Hezbollah, Lebanese Locations: Gaza, Lebanon, Qatar, Beirut, Iran, Hasbaya, Israel
When I went down, they put me inside a tank and began interrogating me about my statements and contact with the media,” Abu Safiya recounted. Israeli forces cut off the hospital’s electricity and solar power supply and prevented staff from accessing the water well, he said. Two children on ventilators died after the Israeli military blew up the hospital’s oxygen supply, Abu Safiya said. Three members of the hospital’s nursing staff were injured by sniper fire with facial, neck and chest injuries. “The situation is extremely tragic and terrifying, and the bombing is continuous,” Abu Safiya said,.
Persons: Kamal Adwan, Hussam Abu Safiya, ” Abu Safiya, Abu Safiya, , ventilators, Tedros Adhanom Ghebreyesus Organizations: Kamal Adwan Hospital, CNN, Gaza Ministry of Health, United Nations, World Health Organization, WHO Locations: Gaza
In today's big story, inside Amazon's internal pitch for turning to nuclear power to meet its growing energy needs . AdvertisementThat's led Big Tech to consider nuclear power to address its skyrocketing energy requirements. Nuclear power ticks that box better than other clean energy options like solar or wind. Nuclear power, meanwhile, is an industry in desperate need of some love , BI's Daniel Geiger and Ellen Thomas previously reported. From advertising platforms to AI tech companies, here's the startups to watch .
Persons: , Jocko Willink, we've, Jenny Chang, Rodriguez, That's, Business Insider's Eugene Kim, Andy Jassy, it's, Sam Altman, Eugene, BI's Hasan Chowdhury, BI's Daniel Geiger, Ellen Thomas, Jim Burke, Vistra, Chelsea Jia Feng, Elon Musk, Jean Boivin, He's, Marc Benioff isn't, bashed, Miles Brundage, OpenAI, Emma Tucker's, Tucker, Mike Jeffries, SpaceX's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, Navy, Big Tech, Amazon, Microsoft, Google, Keystone, Hulton, Constellation Energy, Getty, EV, BlackRock Investment Institute, San Francisco, BI, AGI, Abercrombie, Fitch Locations: Fukushima, Pennsylvania, Arizona, New York, London
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