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☆ When to quit working, take Social Security, and focus on yourself: Older Americans share their regrets about navigating retirement.
▼ + stars: | 2024-11-28 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +10 min

Many had regrets about retiring too early, taking Social Security prematurely, and draining savings. Regrets included retiring too early, taking Social Security benefits prematurely, and draining retirement savings too quickly. Kathleen RuddAt 62, she retired from a job paying almost $60,000 a year and opted to take Social Security early. Cashing out Social Security too fastSharon, 77, took Social Security too early, prompting her to unretire to cover expenses. Advertisement"If only someone had just said, do not take Social Security early, do not invest your money this way," Sharon said.

Persons: boomer, they've, Kathleen Rudd, Rudd, wasn't, David John, John, Misty Miller, Miller, it's, Sharon, Cindy Kohli, Kohli, reprioritize Organizations: Social, Social Security, AARP, Security, Social Security Disability Insurance, Veterans Affairs Locations: Colorado, Sacramento, Atlanta, Arizona

☆ Trump’s wealthy Cabinet picks will have to divest. But the rules make that a potentially lucrative prospect
▼ + stars: | 2024-11-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +8 min

Federal ethics laws require those senior government jobs in the Cabinet and beyond to divest their individual stock holdings, lest anyone be tempted to abuse their position of power to juice their personal investments. “The rule of thumb is, recuse or divest,” said Jordan Libowitz, vice president for communications at Citizens for Responsibility and Ethics in Washington, or CREW. “The more complex your assets are, the harder it can be to divest from them. Although the president isn’t subject to conflict of interest laws, most presidents have adhered to them anyway to avoid any appearance of impropriety. Given Trump’s own disregard for ethics rules, it’s not clear how, or even whether, his Justice Department would enforce the criminal conflict of interest laws that his Cabinet picks are subject to.

Persons: who’s, Nixon, Donald Trump, Howard Lutnick, Linda McMahon, —, ”, Jordan Libowitz, Scott Bessent, haven’t, Bloomberg —, Lutnick, Cantor Fitzgerald, Newmark, it’s, ” Robert Rizzi, isn’t, Trump, disentangle, Rizzi, ” Rizzi, John Paulson, you’re, ” Libowitz, George W, Hank Paulson, Goldman Sachs, he’d, JD Vance, he’s, Libowitz, “, ’ ”, didn’t Organizations: New, New York CNN, Treasury Department, titans, Citizens, Forbes, Bloomberg, Government, Key Square Capital Management, Holland, Knight, Treasury, Bush’s, Wall, Trump Media, Technology, Department, FBI, Trump Locations: New York, Washington, Cantor’s, Washington ,

Several of President-elect Donald Trump's planned Cabinet nominees and administration appointees were subjected to bomb threats and "swatting" attacks Tuesday night and Wednesday morning, a spokesperson for the Trump transition team said. These attacks ranged from bomb threats to ‘swatting,’" transition spokeswoman Karoline Leavitt said in a statement. Three senior law enforcement officials briefed on the swatting incident involving multiple Trump allies told NBC News that these were not credible threats. The FBI said in a statement it “is aware of numerous bomb threats and swatting incidents targeting incoming administration nominees and appointees, and we are working with our law enforcement partners. New York State, County law enforcement, and U.S. Capitol Police responded immediately with the highest levels of professionalism."

Persons: Donald Trump's, ‘, Karoline Leavitt, JD Vance, Trump, Elise Stefanik, Stefanik, ”, who've, Jack Smith Organizations: Trump, NBC News, Secret, FBI, United Nations, New, U.S . Capitol Police Locations: Washington, New York State, U.S, New York, Georgia

Shares in a little-known drone company soared Wednesday morning after announcing that Donald Trump Jr. had joined its advisory board. Unusual Machines, an Orlando, Florida-based firm born just two years ago as it acquired a drone manufacturer and a separate drone retailing firm, announced the appointment in an early-morning press release. It is also obvious that we must stop buying Chinese drones and Chinese drone parts,” Trump Jr. said in the statement. In a separate securities filing Wednesday, Trump Jr. is listed as at one point having been Unusual Machines’ second-largest shareholder. An Unusual Machines spokesperson did not immediately respond to a request for comment.

Persons: Donald Trump Jr, “ Don Jr, ” Allan Evans, ”, ” Trump, Trump, —, Donald Trump's Organizations: Machines, Company, USA, Trump Jr Locations: Orlando , Florida, America

☆ D.C. protested Trump's first term. Now, Washingtonians worry he'll crush them in his second.
▼ + stars: | 2024-11-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +7 min

But as president, he’ll have direct authority over only one — his once-and-future home of Washington, D.C., where city leaders are bracing for his wrath and hoping for the best. “A second Trump presidency presents risks for D.C., which lacks the protections of statehood and full home rule,” Del. Its limited self-government is derived from Congress and can be rescinded whenever the president and Congress wish. And he could deploy more federal law enforcement officials, as he did during the Black Lives Matter protests of 2020. “The first priority and responsibility of the D.C. Police must be to the residents of the district.”

Persons: Donald Trump, he’ll, Trump’s, Trump, “, ” Del, Eleanor Holmes Norton, Muriel Bowser, Bowser, ”, —, Karoline Leavitt, MAGA, Court’s Roe, Wade, ” Bowser, Bill Clinton, Norton, federalize Organizations: Washington , D.C, Trump, White, District of Columbia, D.C, NBC News, of Columbia, National Guard, Metropolitan Police Department, Republican, Financial Control Board, FBI, Republicans, Congress, Democratic, of Columbia Financial, Control, Police Locations: Washington ,, ”, Washington, Trump

In our society and our culture, and therefore in our politics, there is a growing comfort in the “ends justifies the means” mentality. (Trump’s pick, Pete Hegseth, has denied an alleged sexual assault described in a 2017 police report and was never charged.) “You crossed the line,” Holly Hunter’s character screams at William Hurt’s character, who responds: “It’s hard not to cross it. And wouldn’t it be a shame if the electorate decided that politics now belongs to the low-character crowd. For what it’s worth, I do think our political leaders and public servants should be of a higher-than-average moral character.

Persons: Logan, Jake Paul, Donald Trump’s, Pete Hegseth, Robert F, Kennedy Jr, Kennedy, ”, I’m, Bill Clinton, John F, don’t, —, There’s, Holly, William Hurt’s, We’ve, Richard Ben Cramer’s, let’s Organizations: Pentagon, Happy Locations: We’re, American

A U.S.-brokered ceasefire between Israel and Hezbollah takes effect. Winter weather is forecast for Thanksgiving. Ceasefire between Israel and Hezbollah takes effectA United States-brokered ceasefire between Israel and Lebanon’s Hezbollah militant group in Lebanon has taken effect a day after President Joe Biden announced the agreement. Meanwhile, the National Weather Service warns that a pair of weather systems were expecting to bring an “Arctic outbreak” across parts of the U.S. into the weekend. Here’s what else is in store for holiday weather and travel.

Persons: Joe Biden, Biden, “, Benjamin Netanyahu, Hassan Nasrallah, Israel —, Ronald Reagan, Roberto Schmidt, Donald Trump’s, Clinton, they’re, — they’re, they’ve, Jeffrey Gahler, ” Critics, Trump, Jack Smith’s, Susie Wiles, Guess, Hunter King, Tyler Hynes, Joshua Haines, Taylor Swift, Travis Kelce’s, Hallmark’s, Donna Kelce, — Angela Yang, Here’s, Elizabeth Robinson Organizations: NFL, Kansas City Chiefs, Lebanese, NBC, Israel Defense Forces, Ronald Reagan Washington National Airport, AFP, Getty, Newark Liberty International, FAA, National Weather Service, Rockies, Customs, ”, White, Sunshine State, Hallmark, Hallmark Media, Chiefs Locations: U.S, Israel, United States, Lebanon, Lebanese, inbox, Iran, Gaza, Tehran, Ronald Reagan Washington, Arlington , Virginia, Central, Southern California, Michigan, New York City, Harford County , Maryland, Trump’s, Trump

“I’ll be withdrawing my name from consideration to serve as Attorney General,” now-former Florida Rep. Matt Gaetz posted on social media. Once the nation’s largest swing state, Florida is now stocked with Trump allies and a comfortable home turf for Republicans. It’s a state Trump won by more than 10 percentage points, up from his three-point win in 2020. “You need an Attorney General on Day 1 to be able to executive your plan,” a Trump official said. “I am kind of surprised other states are not pushing back harder, but they just are not.”“But that kind of makes sense to a degree,” Iarossi added of the state Trump won easily.

Persons: Donald Trump’s, “ I’ll, ”, Matt Gaetz, “, ” Gaetz, didn’t flinch, Trump, Gaetz, Pam Bondi, It’s, Evan Power, “ Trump, Sen, Marco Rubio, Mike Walz, Dave Weldon, Nick Iarossi, Iarossi, Susie Wiles, Trump’s, James Blair, Wiles, Blair, Tony Fabrizio, Brian Hughes, Danielle Alvarez, Alex Garcia, “ Susie, Brian Ballard, Bondi, Trujillo, Katie Wiles, “ It’s Organizations: Mar, Trump’s, Florida Rep, DOJ, Congress, Trump, Republicans, Republican Party of Florida, White, Gaetz, State, for Disease Control, Washington, BGR, Florida GOP, Florida, Ballard Partners, Continental, Organization of American, NBC News Locations: Palm, Florida, “ Florida, Lago, Bondi, Miami, Washington

☆ Massachusetts man who spent decades in prison for a murder he didn’t commit is awarded $13 million
▼ + stars: | 2024-11-27 | by ( ) www.nbcnews.com time to read: +7 min

He was awarded $13 million — though state regulations cap rewards at $1 million for wrongful convictions. The jury also found a state police chemist falsely testified at the trial though his testimony isn’t what guaranteed Sullivan’s conviction. Another suspect in the murder, Gary Grace, implicated Sullivan and had his murder charges dropped. He was sentenced to life in prison with the possibility of parole but he died in prison. “I couldn’t believe I was convicted of murder,” Sullivan said, recalling prosecutors mentioned the purple jacket five times in their closing argument.

Persons: Michael Sullivan’s, Sullivan, Wilfred McGrath, ”, Michael Heineman, “, ” Sullivan, McGrath, Gary Grace, Grace, meanwhile, Emil Petrla, Steven Senne, Dana Curhan, ‘, ” Curhan, Marian Ryan, ” “ I’m, Buddy, Donna Faria, Faria, ” Faria, Sullivan hasn’t, Heineman, — Organizations: Authorities, State Police, AP, Middlesex, Yorkshire Locations: FRAMINGHAM, Mass, Massachusetts, Framingham , Massachusetts, Boston, Billerica , Massachusetts

Trump puts inflation on the agendaThe inflation risk stalking the markets eased over the summer, but it never really went away. It’s front and center again as investors contend with a Trumponomics crackdown on immigration, a rising trade-war risk and a potential bonanza of tax cuts. An important inflation measure comes out at 10 a.m. Eastern: the Personal Consumption Expenditures index report. Economists fear that it could add bottlenecks and costs to supply chains and reignite inflation, and that it could scramble the Fed’s policy on interest rates. next year would jump by an additional 1.1 percentage points if the Trump tariffs were fully enacted.

Persons: Trump, Donald Trump’s Organizations: United States ’, Deutsche Bank Locations: Canada, China, Mexico, United States

☆ Elon Musk publicized the names of government employees he wants to cut. It’s terrifying federal workers
▼ + stars: | 2024-11-27 | by ( Hadas Gold | Rene Marsh | ) edition.cnn.com time to read: +8 min

Several current federal employees told CNN they’re afraid their lives will be forever changed – including physically threatened – as Musk makes behind-the-scenes bureaucrats into personal targets. “These tactics are aimed at sowing terror and fear at federal employees,” said Everett Kelley, president of the American Federation of Government Employees, which represents more than 800,000 of the 2.3 million civilian federal employees. CNN reached out to all four federal employees who either declined comment or were unable to be reached. Cummings said she already knows of federal employees who “have dedicated their lives to civil service,” already quitting their jobs in anticipation of what’s to come. Ramaswamy did not directly respond to questions about singling out individual federal employees but told CNN: “Most federal employees, like most human beings, are fundamentally good people and deserve to be treated with respect, but the real problem is the bureaucracy.”“Our opponent is not any particular individual.

Persons: Donald Trump, Elon Musk, Vivek Ramaswamy, –, Musk, CNN they’re, ”, Everett Kelley, “ It’s, “, ‘, Mary “ Missy ” Cummings, Tesla, ’, Biden, ” Musk, emojis, ” Kelley, it’s, Missy Cummings, Cummings, Musk’s, Ramaswamy, ” Cummings, “ I’m Organizations: CNN, American Federation of Government Employees, George Mason University, Traffic Safety Administration, Civil, US International Development Finance Corporation, Musk’s Department, Government, of, Tesla Motors, Department of Health, Human Services, HHS, Health, Department of Housing, Urban, DOE, HUD, Twitter, US Navy

☆ Founder of $633 million startup: True innovators share this crucial trait that most people don't have
▼ + stars: | 2024-11-27 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

It ranked 42nd on the 2024 CNBC Disruptor 50 List and was most recently valued at $633 million. Loosararian, 33, says Gecko never would've made it this far if he weren't willing to "go into the unknown and the dirty and unexplored." He means it literally: Loosararian spent parts of the last decade testing robots in dark, dangerous environments, soldering circuit boards in hot, grimy power plant boiler rooms. Ultimately, Loosararian says getting his hands dirty helped set him and Gecko apart from the many potential startups and prospective "innovators" who haven't prospered. "So much of Gecko's success and progress has been just through embracing that value of grit and gritting your teeth," he says.

Persons: Jake Loosararian, Loosararian, Angela Duckworth, Duckworth Organizations: Gecko Robotics, CNBC, University of Pennsylvania, TED

☆ 37-year-old mom earns $73,000 in an ‘underrated and overlooked’ in-demand job—it can pay $100,000 without a degree
▼ + stars: | 2024-11-27 | by ( Morgan Smith | ) www.cnbc.com time to read: +6 min

Jackson, 37, is a wind turbine service technician at Vestas, a wind turbine manufacturer, in Bee County, Texas, and earns $73,000 per year. Wind turbine technicians face one of the highest rates of work-related injuries, according to the U.S. Department of Labor. Despite the high demand for wind turbine service technicians, the profession remains "underrated and overlooked," she adds, offering untapped potential for job-seekers who crave adventure and a competitive salary. While you don't need a bachelor's degree to become a wind turbine service technician, some jobs might require you to complete a 2-year technical program or apprenticeship. Before becoming a wind technician, Jackson, who has four children, spent a decade as a stay-at-home mom.

Persons: Jessica Jackson, Jackson, it's, Vanessa Benedetti, Vestas, tinker, Mickey Todiwala, Benedetti, … You'll Organizations: CNBC, U.S . Department of Labor, Blattner, Blattner Energy, University of Arizona, Bureau of Labor Statistics, Global, BloombergNEF's Renewable Energy Investment, Labor Locations: Jackson, Bee County , Texas, U.S, Texas, Vestas

☆ Trump sprints through transition as he faces narrow window to act in office
▼ + stars: | 2024-11-27 | by ( Steve Contorno | Aaron Pellish | ) edition.cnn.com time to read: +10 min

On Tuesday, Trump’s transition team signed an agreement with the White House after months of postponing the traditional transition process – a delay that Biden officials warned could undermine an orderly transfer of power and pose national security risks. In a statement announcing the agreement, the Trump transition said it will use its own security and information systems, its own office spaces and maintain its own ethics plan. The transition team said its ethics plan will be posted online in compliance with federal law. Several of Trump’s picks have vast personal fortunes and deep ties to the private sector. Trump’s transition team has so far relied instead on internal vetting.

Persons: Donald Trump’s, Trump, –, Matt Gaetz, Department of Justice – Trump, Pam Bondi, Joe Biden, ”, Brian Ballard, “, ” Ballard, Gaetz, Pete Hegseth, Linda McMahon, Hegseth, McMahon, Howard Lutnick, Scott Bessent, – Lutnick, Florida Sen, Marco Rubio, Tulsi Gabbard, Robert F, Kennedy Jr, Kennedy, – Mehmet Oz, Janette Nesheiwat, Marty Makary, Sen, Markwayne Mullin, he’s, ” Sen, Peter Welch, Karoline Leavitt, Trump’s, untangle, Donald Trump Jr, Eric Trump, Bill Hagerty, Nick Iarossi —, —, ” Iarossi, CNN’s Betsy Klein, Lauren Fox Organizations: CNN, Trump, Republican, Washington, Florida Rep, Department of Justice, Sunshine, Republicans, Mar, GOP, Senate, Senate Republicans, Fox News, Department of Education, Department of Commerce, Bessent, Hawaii Rep, Medicare, Drug Administration, Oklahoma Republican, Vermont Democrat, America, White, Biden, General Services Administration, FBI, Gabbard, – Locations: Manhattan, Palm Beach, New York, Washington ,, Washington, Trump, Ukraine, Oklahoma, Vermont, Mexico, Canada, China, Florida

☆ In an F-35 funding fight, Musk will need to win over a skeptical Congress and Trump
▼ + stars: | 2024-11-27 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

AdvertisementElon Musk sharply criticized the F-35 stealth jet and its builder, Lockheed Martin. Musk could target the expensive program as part of his efforts to cut federal spending under Trump. Congress has historically valued the stealth fighter flown by three military branches despite its problems. His comments suggest he could be eyeing the $2 trillion F-35 program, and possibly other fighter jets, for potential spending cuts. In fact, the House's defense spending bill for the 2025 fiscal year called for more F-35s than what the Pentagon initially requested.

Persons: Lockheed Martin, Donald Trump, Elon, Musk, Trump, Elon Musk, ANGELA WEISS, Samuel King Jr, President Trump, Clawson, Michael Bohnert, Bohnert, Cmdr, Darin Russell, Stacy Pettyjohn Organizations: Elon, Trump . Congress, Pentagon, Congress, Getty, Trump, Department of Government, Department of Defense, Lockheed, US Air Force, Navy, Air Force, Marine Corps, RAND Corporation, US Navy, Defense, Center, New, New American Security Locations: New American

☆ JPMorgan sees S&P 500 rising to 6,500 in 2025 thanks to AI and deregulation
▼ + stars: | 2024-11-27 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 will be propelled to new heights in the new year thanks to momentum in artificial intelligence, a resilient economy and the possibility of easier regulation on industries, according to JPMorgan. The labor market has also held up, with more than 100,000 jobs being added in all but one month this year. The S & P 500 is up 4.1% since the Nov. 5 vote. UBS said this week it sees the S & P 500 rising to 6,400 , while Goldman Sachs and Morgan Stanley expect an expansion to 6,500. His 4,200, the lowest in the CNBC Pro Market Strategist Survey , implies 30% downside from Tuesday's close.

Persons: Dubravko Lakos, Bujas, Donald Trump's, Toll, Goldman Sachs, Morgan Stanley Organizations: Nvidia, Federal Reserve, Microsoft, Exxon Mobil, Tesla, Toll Brothers, Citigroup, UBS, Deutsche Bank, CNBC Pro Market, Survey Locations: Tuesday's, U.S

☆ The world reacts to Donald Trump's latest trade plans
▼ + stars: | 2024-11-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, the world reacts to Donald Trump's latest trade plans , which could be a massive negotiation tactic . Michael M. Santiago/Getty ImagesThe man who dubbed himself a master negotiator is upending the global trade market with his latest tactic. AdvertisementThe world is reacting to President-elect Donald Trump's new trade proposals targeting China, Mexico, and Canada. There's a lot to unpack, so let's break it down:So, Trump finally gave us an update on his tariff plans. He's telegraphed his plans for hammering Chinese imports, but a 25% tax on Canadian and Mexican goods was a shock.

Persons: Donald Trump's, Trump, Michael M, He's, Will, Justin Trudeau, Claudia Sheinbaum's, Jenny Chang, Rodriguez, Goldman, Scott Wren, Wells Fargo's, They've, Elon Musk's, Omead Afshar, Afshar, Prince Williams, Bill Clark, Astrida Valigorsky, Alyssa Powell, Kendrick Lamar, Drake, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Affordable, Canadian, Trump, US, Companies, Getty, JPMorgan, Deutsche Bank, BI, Tesla, North, Spotify, Universal Music, Wall Street Locations: China, Russia, Mexico, Canada, Canada's, East, New York, Chicago, London

☆ Stocks making the biggest moves midday: Nordstrom, Dell, SolarEdge Technologies and more
▼ + stars: | 2024-11-27 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +4 min

Nordstrom's third-quarter revenue of $3.46 billion did come in above the $3.35 billion LSEG consensus. HP said it expects earnings, excluding items, to range between 70 cents per share and 76 cents per share, versus a FactSet estimate of 85 cents per share. Dell Technologies — The PC maker saw shares plunge 13% after the firm reported a revenue miss and forecast fourth-quarter revenue and earnings below Wall Street expectations. Autodesk expects earnings per share to be between $2.10 and $2.16, excluding items, and revenue of $1.623 billion to $1.638 billion. Analysts surveyed by LSEG were looking for earnings of $2.12 per share on $1.62 billion in revenue.

Persons: Nordstrom, Erik Nordstrom, Nordstrom's, Stocks, Robinhood, George Kurtz, Ambarella, LSEG, StreetAccount, Janesh Moorjani, SolarEdge, Symbotic, Yun Li, Tanaya Macheel, Michelle Fox, Jesse Pound, Samantha Subin, Sean Conlon Organizations: HP —, HP, Outfitters, LSEG, Revenue, Dell Technologies, Dell, Autodesk, SolarEdge Technologies

☆ 48-year-old CEO of a $1 billion startup: My secret to success is, 'I hire the best and I get out of their way'
▼ + stars: | 2024-11-27 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

That growth didn't come from micromanaging, Weaver told LinkedIn's "This Is Working" video series last week. So if it is not my highest and best use of time, it usually will not bubble up to me. "Micromanaging does not work," Weaver said. If you're micromanaging, something's wrong, he added. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Fawn Weaver isn't, Weaver, LinkedIn's, Mark Cuban, Cuban, they'd, Suzy Welch Organizations: Forbes, Trust, New York University, CNBC Locations: Her Shelbyville , Tennessee, micromanaging

☆ Pharma giant Sanofi opens $595 million vaccine facility in Singapore to boost preparedness for potential pandemics
▼ + stars: | 2024-11-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A Sanofi logo sits on the facade of the company's headquarters on December 11, 2020 in Gentilly near Paris, France. SINGAPORE — French pharmaceutical giant Sanofi on Wednesday opened a 800 million Singapore dollar ($595 million) "evolutive vaccine facility," or EVF, in Singapore — the only such facility the company has outside of France. The facility will contribute about 200 jobs to the city-state, including bioprocess engineers, automation specialists and data analysts, and will be fully operational by mid-2026. Sanofi said in a release that the facility holds the potential to significantly bolster pandemic preparedness. "By establishing the groundwork for crucial production modules now, Modulus can ensure a swift and targeted response to any future health needs, including potential pandemics," the company said.

Persons: Sanofi Organizations: Sanofi, Wednesday, Singapore, Singapore — Locations: Gentilly, Paris, France, SINGAPORE, Singapore

☆ The shipping industry is wrestling with one of its largest challenges
▼ + stars: | 2024-11-27 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +5 min

Anthony Wallace | Afp | Getty ImagesThe shipping industry is contending with a worldwide shortage of seafarers, and it's fueling a troubling mix of fake resumes, accidents at sea, and elevated freight rates. "We have been seeing a consistent shortage of seafarers," Rhett Harris, senior manning analyst at Drewry, told CNBC. The Philippines, China, Russia, Ukraine and Indonesia are the largest suppliers of the world's seafarers, according to the most recent seafarer workforce breakdown report by the International Chamber of Shipping (ICS) and BIMCO in 2021. Before Russia's invasion of Ukraine in February 2022, Russian and Ukrainian seafarers made up almost 15% of the global shipping workforce, ICS data showed. "Policymakers need to create national strategies to address the seafarer shortage," the shipping organization said.

Persons: Anthony Wallace, Rhett Harris, Harris, Daejin Lee, Henrik Jensen, Danica Crewing, FertiStream's Lee, Drewry's Harris, Jensen, Caitlin Ochs Organizations: Afp, Getty, Drewry, CNBC, International Chamber of Shipping, ICS, Group, —, CVs Locations: Busan, Russian, Ukraine, Russia, Philippines, China, Indonesia, Iran, Red, New York

☆ There is no such thing as an all-America car. That’s why tariff will raise car prices.
▼ + stars: | 2024-11-27 | by ( Chris Isidore | ) edition.cnn.com time to read: +10 min

The US government tracks what percentage of each car’s parts is made “domestically.” But under current trade law, both Canadian-made parts and US-made parts are counted as the same domestic content. “Yes, it’s America’s truck, assembled in America, but not with American parts,” Ivan Drury, director of insights for Edmunds, told CNN. Domestic parts could be tough to findFinding domestic supplies for many of the imported car parts would be difficult. Even if an American parts supply could be found, in most cases it would be more expensive. Fewer imported cars would raise all pricesTariffs on imported vehicles likely would also lead to higher prices on cars that are assembled here, since it would limit the supply of vehicles in the US market.

Persons: Donald Trump, Trump, aren’t, Bill Clinton, Bill Pugliano, Honda, “, it’s, ” Ivan Drury, Edmunds, Jeff Schuster, GlobalData, ”, Drury, “ You’re Organizations: New, New York CNN, GM, Ford, Jeep, Dodge, Chrysler, Toyota, Honda, Tesla, Hyundai, Kia, Nissan, Mazda, Subaru, CNN, Chevrolet Blazer, Chevrolet Silverado Locations: New York, Mexico, Canada, American, United States, China, Lincoln , Alabama, Dearborn , Michigan, Michigan, Missouri, America, Saltillo , Mexico

☆ Patagonia's Restructuring Has Led to Employee Fallout
▼ + stars: | 2024-11-27 | by ( Polly Thompson | ) www.businessinsider.com time to read: +11 min

Patagonia's sales soared during the pandemic. A Patagonia spokesperson told BI that it uses less air freight now than it did before the pandemic. Related storiesThe Patagonia spokesperson said it had been tricky to navigate the demand for instant gratification. Adams recalled that at an event in about 2013 in Idaho, Chouinard seemed shocked at how large Patagonia's sales representatives' trucks were. Several people said the 72-hour deadline for CX employees was insufficient to make such a major life decision.

Persons: Yvon Chouinard, Chouinard, It's, Vincent Stanley, Alan Adams, Adams, Robert F, Campbell Brewer, —, Stanley, Nick Helmreich, Helmreich, who's Organizations: Patagonia, AP, Workers, Patagonia's, BI, Washington Post Locations: Patagonia, Montana , Wyoming, Alaska, California, Freeport , Maine, AP Patagonia, Idaho, Ventura , California, Reno , Nevada, Patagonia's Reno

☆ I've worked in San Francisco, Chicago, and Silicon Valley. Only one has the best mix for career, family, and socializing.
▼ + stars: | 2024-11-27 | by ( Robin Madell | ) www.businessinsider.com time to read: +8 min

AdvertisementMike Manalac has worked in the tech hubs of San Francisco, Silicon Valley, and Chicago since 2016. Over the past eight years, I've worked in the tech scenes of San Francisco, Silicon Valley, and Chicago. Mike ManalacI moved to San Francisco in 2016 to pursue world-class career opportunities and adventure. As a young professional with limited life responsibilities, San Francisco turned out to be the perfect place to live fast and loose. Overall, though, it's hard to beat Chicago's mix of career opportunities, vibrant social scene, and opportunities to start a family.

Persons: Mike Manalac, Manalac, It's, I've, Shou Zi Chew, I'd, San, PwC, Uber, San Francisco, Mike Manalac It's, Walmart's, we'd, San Francisco — that's, it's, you've, Jane Zhang Organizations: Chicago, Google, Area, Twitter, Walmart's eCommerce, Silicon Valley, Fortune, dotting Locations: San Francisco, Silicon Valley, Chicago, Singapore, Francisco, Baltimore, PwC, San, Dolores, Dolores Park, Tenderloin, San Bruno, Sunnyvale, Silicon, Mountain, Michigan, Maryland, Chicago's, Chicago's Lake Michigan

☆ Trump wants to cut corporate taxes to as low as 15%. These stocks could benefit the most, Wolfe says
▼ + stars: | 2024-11-27 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

President-elect Donald Trump has called for cutting the corporate tax rate – and a slate of companies could stand to benefit, according to an analysis from Wolfe Research. That would be a reduction from the current corporate tax rate of 21%. A corporate tax rate of 18% would increase S & P 500 earnings per share by $5, while a 15% rate would lift earnings per share by $10, he said. Senyek's team identified companies that could see the greatest impact on their earnings per share from a lower tax rate. Wolfe also highlighted Amazon in its list of companies that could benefit from a lower corporate tax rate.

Persons: Donald Trump, Chris Senyek, Wolfe, Peter Supino, Biden, Supino, LSEG, Wells, Ken Gawrelski, AMZN, Fiserv, Goldman Sachs, Trump Organizations: Wolfe Research, Trump, White House, Republicans, GOP, US, Warner Bros, Discovery, Warner, White, ., Bank of America Locations: China, Wells Fargo

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