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☆ What Trump's presidency means for the future of AI
▼ + stars: | 2024-11-21 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

AdvertisementDonald Trump has surrounded himself with people who have competing views on AI regulation. Elon Musk, for example, has supported more AI regulation in the past. Some Silicon Valley veterans are betting that president-elect Donald Trump's new administration will make AI development a top priority. AdvertisementMusk, who spent over $130 million on Trump's campaign, has called for greater regulation of AI in the past. It's not clear if that effort will impact their views on AI regulation.

Persons: Donald Trump, Elon Musk, JD Vance, Donald Trump's, Big, Marc Andreessen, Trump, Joe Biden, California's, Gavin Newsom, OpenAI, Sam Altman, Greg Brockman, Vivek Ramaswamy, Ramaswamy, It's, Vance, Calvin Newport, Eric Schmidt Organizations: Trump, Trump Super PAC, Washington Post, California, Department of Government, Big Tech, Georgetown University Locations: Washington, Silicon Valley, China

☆ Parts of Russia are canceling New Year's parties to redirect funds to the war in Ukraine
▼ + stars: | 2024-11-21 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

AdvertisementOfficials in two Russian regions have said public bodies won't be holding New Year's parties this year. The regions said that they're planning to redirect funds to the war in Ukraine instead, per reports. The governments of several Russian regions have decided not to hold New Year's parties, with many proposing to allocate savings to funding the war in Ukraine, according to multiple reports. The Buryatia region's Telegram account proposed using the saved funds for those participating in the war, and encouraged others to do the same. There are signs that Russia's public sector is under strain, with large layoffs planned in 2025.

Persons: Leningrad's, Vladimir Putin Organizations: New, Moscow Times, Telegraph, Church, Russian Kommersant, Atlantic Council Locations: Ukraine, Russia, Buryatia, Sakha, Ulan, Ude, Russia's, Tomsk, Saint Petersburg, Yaroslavl, Nizhny Novgorod, Russian

That's why I can gladly round up all of the best early Black Friday deals for you, below. Keep scrolling to see the best Black Friday deals you can score now. To explore even more, check out our guides to the best Amazon Black Friday sales, the best Black Friday mattress sales, and the best Walmart Black Friday deals. Best Black Friday tech dealsBeats Studio Buds $79.99 $149.95 Save 47% The Beats Studio Buds offer great sound, an excellent fit, and decent noise cancellation for their price. View at AmazonBest Black Friday fashion dealsNisolo Men's Huarache Sandal $105.00 $150.00 Save 30% Handwoven craftsmanship meets sustainability in our top selling huarache sandal.

Persons: it's, I've, Dyson, we've, Amelia, Price, Secretlab Magnus, Magnus Pro, — Organizations: Business, Walmart, Alexa, HP, Honeywell, Dyson, Kettle, Secretlab Locations: Tempur, Brooklinen

☆ Americans say this is the No. 1 threat to their retirement savings—here are 2 ways to prepare
▼ + stars: | 2024-11-21 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Although inflation in the U.S. has been on a steady decline from its June 2022 peak, Americans say rising costs are the greatest threat to their ability to live comfortably in retirement, according to an October survey from Allianz Life. 1 risk to their retirement income, according to Allianz Life, which surveyed 1,000 people over the age of 25 who earn over $25,000. Here's a look at the top three factors Americans say pose the greatest threats to their retirement savings. About 36% of retirees have less than $50,000 saved, according to an August CNBC Your Money retirement survey conducted with SurveyMonkey. On top of that, a little over half of survey respondents felt they didn't save enough for retirement and about a third felt they saved just enough.

Organizations: Allianz Life, CNBC, SurveyMonkey Locations: U.S

☆ Most employees don't leverage this 'triple-tax-free' account, advisor says. Here's how to use it
▼ + stars: | 2024-11-21 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Many employees have a health savings account, which offers tax incentives to save for medical expenses. However, most are still missing out on long-term HSA benefits, experts say. But you need an eligible high-deductible health plan to make contributions. Some 66% of employees picked an HSA-qualifying health plan when given the choice, according to the Plan Sponsor Council of America survey. However, the best health insurance plan depends on your family's expected medical expenses for the upcoming year, experts say.

Persons: Ted Jenkin, Biden Organizations: of America, Finance, Trump, of Locations: America, Atlanta

☆ Get the most out of these tax-favored accounts in 2025
▼ + stars: | 2024-11-20 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Benefits enrollment season is here, and with it comes an opportunity for workers to tune up their workplace savings plans and sock away more money on a tax-favored basis. Traditional tax-deferred accounts, like 401(k) plans and individual retirement accounts, are just the beginning for savers. As tempting as it may be for savers to plow money into HSAs and other tax-favored accounts, they'll need to draw up a strategy before they do so. They can also earmark additional funds toward 529 college savings plans and taxable brokerage accounts. In a tax-deferred account, investors won't be on the hook for the tax bill until they begin drawing down from it.

Persons: Marguerita Cheng, Cheng Organizations: Devenir, Blue, Global Wealth, UBS, Chief Investment Locations: Gaithersburg , Maryland

☆ Savings, CD and Checking Account Interest Rates Today: Earn up to 5% APY
▼ + stars: | 2024-11-20 | by ( Business Insider | ) www.businessinsider.com time to read: +7 min

Featured High Interest Checking Account Offers Compare checking accounts that offer high APYs, rewards on debit card purchases, or both. UFB Direct Freedom Checking with Portfolio Savings: Earn 2.00% APY on your checking account. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. A checking account is like a hub for your money: If your paycheck is direct deposited, it's typically to a checking account. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.

Persons: APYs, —, Cash, we've Organizations: Federal Reserve, Cash Locations: —

☆ Thanksgiving meals are expected to be cheaper in 2024 as turkey prices drop
▼ + stars: | 2024-11-20 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

And when it comes to Thanksgiving food, it seems Americans are getting relief on their grocery bills this year following a few years of escalating costs. The national average cost for a 16-pound turkey is down 6% from 2023, according to the Farm Bureau. Overall turkey prices have decreased about 4% in the past year, according to the consumer price index. Farmers raised about 205 million turkeys in 2024, down 6% from 2023, according to the U.S. Department of Agriculture. The aggregate impact has been lower turkey prices.

Persons: Robin Wenzel, Bernt Nelson, Nelson, Monty Rakusen, That's, —, Robin Wenzel Wells, Wenzel Organizations: American Farm Bureau Federation, Farm Bureau, Deloitte, Finance, Food Institute, Farm, Farmers, U.S . Department of Agriculture, Digitalvision, Getty, Food, USDA Locations: Wells, Turkey, U.S, Ukraine

☆ I became a millionaire at 28 but it took me a long time to find joy in my financial security
▼ + stars: | 2024-11-20 | by ( Kelly Burch | ) www.businessinsider.com time to read: +4 min

She wants her two daughters to break a family cycle and find joy in spending. Even when I immigrated to the US, I couldn't leave my family's money trauma behind. Calling myself a millionaire still feels very strangeThrough careful savings, planning, and good real estate moves, I was a millionaire by the time I turned 28. Now, I focus on the value of the things I'm spending on. I've been thinking about it since before they were born because I wanted to break my family's cycle of passing generational money trauma.

Persons: Hazel Secco, I'd, I've, I'm Organizations: Financial, Disney Locations: Korea, Manhattan

☆ A FIRE blogger decided to test the benefits of the popular triple-tax advantaged HSA. He explains why it wasn't worth the hassle and wants to switch health insurance plans in 2025.
▼ + stars: | 2024-11-20 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

AdvertisementAndre Nader switched from an EPO health insurance plan to an HDHP to get access to an HSA. He plans to switch back to an EPO plan in 2025 for simplicity. AdvertisementIn 2024, he decided to put the popular, triple tax-advantaged health savings account (HSA) to the test. You can invest your HSA funds (the investment options vary by provider), and your contributions and earnings grow tax-free. Not touching your HSA funds means covering your medical expenses out of pocket, which is what Nader did throughout 2024.

Persons: Andre Nader, Nader, Nader didn't, he'd, isn't, he'll, HSA Organizations: FIRE, IRA Locations: San Francisco

☆ 7 key details from Elon Musk and Vivek Ramaswamy's DOGE plan
▼ + stars: | 2024-11-20 | by ( John L. Dorman | Alice Tecotzky | ) www.businessinsider.com time to read: +8 min

On Wednesday, Musk and Ramaswamy outlined their vision for DOGE, which Musk previously said would cut $2 trillion from the federal budget. Ron DeSantis' Presidential Announcement with Elon MuskTheir opinion piece, published in the Wall Street Journal, is lengthy and dense, filled with Supreme Court rulings and decades-old statutes. Musk and Ramaswamy wrote that their goal for deep reform will be rooted in two Supreme Court rulings. Musk and Ramaswamy make it clear that by eliminating federal regulations, there should also be "mass head-count reductions across the federal bureaucracy." Musk and Ramaswamy note that Trump has implied that the statute is unconstitutional and predict that the Supreme Court would agree.

Persons: Elon Musk, Vivek Ramaswamy, Ramaswamy, Musk, Ron DeSantis, Loper, Raimondo, Chevron, Trump, haven't, DOGE, Musk's, Tesla, overreach Organizations: Department of Government, Florida Gov, Elon, Street, Management, Environmental Protection Agency, Chevron, Natural Resources Defense Council, Congress, Corporation for Public Broadcasting, Public Broadcasting Service, National Public Radio, Social Security, SpaceX, Trump, Musk Locations: Florida, America, West Virginia

This would help me become a better partner and contribute more effectively to my wife and our shared financial goals. But we also saw the value of having a joint account for shared expenses, especially because we decided to split financial responsibility 50/50. We opened a joint bank account for shared expensesUpon moving in together, my wife and I first opened a joint checking and savings account for shared expenses. Our joint account also gave us a space dedicated to shared long-term savings goals, such as a wedding and a house. Separate from the joint account, I was responsible for setting up and managing my own budget, credit card, savings goals, and brokerage account.

Persons: —, That's, wasn't Organizations: Service

Learn moreThe 2024 Billie Jean King Cup comes to an end with a final showdown between Slovakia and Italy. We'll show you where to watch the Billie Jean King Cup final, including global live streaming options. It's a familiar scene for both Slovakia and Italy as they enter the final at the Billie Jean King Cup. Check price at FuboWhere to watch the Billie Jean King Cup in the UKThe Billie Jean King Cup Final airs on the Tennis Channel in the UK, which is streamable through the Tennis Channel website. Where to watch the Billie Jean King Cup in AustraliaBillie Jean King Cup Final coverage will be available through beIN in Australia.

Persons: Billie Jean King, Italy's Jasmine Paolini, Sara Errani, Swiatek, Katarzyna Kawa, Australia Billie Jean King, It's, ExpressVPN Organizations: Business, Billie Jean King Cup, Tennis Channel, DirecTV, Entertainment, Elite, Sports, Fubo Locations: Slovakia, Italy, We'll, Canada, Iga, Poland, Australia, beIN

☆ Act now for $7,500 EV tax credit: There's 'real risk' Trump will axe funding in 2025, lawyer says
▼ + stars: | 2024-11-20 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Chris Unger | Ufc | Getty ImagesThere's considerable uncertainty over the contents of a future Republican tax package and the fate of the EV credit, experts said. Repealing all the IRA's green energy tax credits, including the EV credit, would offset that cost by about $921 billion, it said. She was getting ready to buy one thanks to the $7,500 EV credit, which made the vehicles more affordable, she said. To wait and buy in 2025 is "too big of a gamble" given Trump's antipathy toward the EV credit, she said. There's no question there's real risk in the EV credit going away.

Persons: Donald Trump, Jamie Wickett, Hogan Lovells, Wickett, Joe Biden, Trump, Chris Unger, Laura, Hogan, —, wouldn't, it's, Ingrid Malmgren, Malmgren Organizations: Digitalvision, Getty, Biden, Republicans, Capitol, IRA, Elon, UFC, Madison, Garden, Ufc, Security, Tax, Chrysler Pacifica, Local, Plug, U.S . Treasury Department, Treasury Locations: New York, Charlotte , North Carolina

The best Black Friday Tempur-Pedic mattress dealsTempur-Pedic Cloud Mattress (Queen) $1,399.30 $1,999.00 Save 30% The Tempur-Pedic Cloud Mattress features contouring foam that cradles sleepers of all body types and sleeping styles while offering outstanding pressure relief and heat dissipation. View at Tempur-Pedic What we like Check mark icon A check mark. Layers of conforming comfortable and supportive Tempur foam adjust to all sleeping stylesCheck mark icon A check mark. View at Tempur-Pedic What we like Check mark icon A check mark. View at Tempur-Pedic What we like Check mark icon A check mark.

Persons: Pedic Organizations: Business, Shipping Locations: Tempur

☆ Burberry shares are down 40%. One hedge fund manager says the stock offers 'good value' right now
▼ + stars: | 2024-11-20 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Luxury retailer Burberry 's shares present an attractive investment opportunity after the company revealed a new turnaround strategy, according to hedge fund manager David Neuhauser. The stock, which is also traded in the U.S. and Germany, remains down around 40% year-to-date, however. UBS said Burberry was the only luxury retailer not to report "weak organic sales growth" in the latest quarter. "I think Burberry has a good turnaround in place with a new CEO," Neuhauser added, while cautioning that the recovery might take longer than expected. "I think over some time, a good turnaround by Burberry, with strong leadership, could really see the stock price increase.

Persons: David Neuhauser, Neuhauser, CNBC's, Livermore, they're, Zuzanna Pusz, Burberry, –, Joshua Schulman, Rogerio Fujimori, Adam Cochrane, FactSet, — CNBC's Karen Gilchrist Organizations: Burberry, Livermore Partners, UBS, Deutsche Bank, Stifel Locations: London, U.S, Germany, Asia, Swiss

The Oura Ring, one of our favorite fitness trackers and award winners, is currently at its lowest price ever. When we tested the Oura Ring, we put it through its paces. 4.3-star average rating from 2,318 reviews on AmazonIf you’re on the fence about the Oura Ring, NBC Select reporter Harry Rabinowitz says, “The Oura Ring is best for anyone who doesn’t want to wear something bulky on their wrist, but still wants to track some health and fitness habits. The Oura Ring is an incredibly accurate sleep tracker. You can currently get the Oura Ring 3 on sale for $249, its lowest price ever.

Persons: you’ve, It’s, Harry Rabinowitz, I’ve, TikTok Organizations: Apple Watch, Giftable Tech, NBC, Facebook, Twitter

☆ Bitcoin has smashed records. Should you invest?
▼ + stars: | 2024-11-19 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

CNN —In the first quarter of this year, the price of bitcoin broke records in the wake of approval by the Securities and Exchange Commission for the first exchange-traded spot bitcoin funds. But in the past few years, education about crypto assets has been made more available to professionals. While it’s called a currency — and in some instances can be used like money — bitcoin is not legal tender in the United States or most other countries. He advises his clients who insist on exposure to limit their portfolio allocation to bitcoin to no more than 5%. Using a bitcoin ETF for exposure is the easiest option for most individuals who are not dedicated crypto investing experts.

Persons: bitcoin, Donald Trump’s, Michael Saylor, ”, Paul Brahim, Satoshi Nakamoto —, it’s, “, Trent Porter, Mike Turi, don’t, ” Turi, Matt, Elliott, Porter, Trump, you’ll, they’ve, ” Porter Organizations: CNN, Securities and Exchange Commission, CNBC, Financial, Association, SEC, Morningstar Locations: bitcoin, Bitcoin, United States

☆ 89% of Americans say they do not consider themselves wealthy — here's what stands in the way
▼ + stars: | 2024-11-19 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

High home prices and higher mortgage rates along with low inventory have put ownership just out of reach for many households. Jose Luis Pelaez Inc | Digitalvision | Getty ImagesAlthough vacationing has also gotten more expensive, Americans are still determined to travel. Rising debt is another threat to wealthAt the same time, rising consumer debt has weighed on household balance sheets. Nearly half, 44%, of Americans said credit card debt is the biggest threat to their ability to build wealth, according to a separate report by Edelman Financial Engines. "That stands in the way of people building actual wealth and therefore feeling wealthier," she said.

Persons: —, Freddie Mac, Jose Luis Pelaez, Jean Chatzky Organizations: Jose Luis Pelaez Inc, Deloitte, Edelman Financial, Federal Reserve Bank of New, CNBC Locations: Federal Reserve Bank of New York

An unemployed UX designer, Lei had taken it upon herself to create the perfect work bag. Today, Lei is the 28-year-old CEO and founder of Freja, a New York-based company that sells work totes, shoulder purses and travel accessories. A 'really, really slow' startIn February 2019, Lei was a soon-to-be-unemployed graduate student at Cornell University preparing for a job interview in New York. She tried pairing three different work bags with her outfit, and none of them worked. "It was really, really slow for the first two years," says Lei.

Persons: Jenny Lei, She'd, Lei, —, Freja, Louis Vuitton, Dior, Celine, Loewe, Sandy Liang Organizations: CNBC, Cornell University Locations: Hoboken , New Jersey, New York, Bryant, Brooklyn, Guangzhou, China

☆ I quit my six-figure corporate job to work on a vineyard for less than $500 a month. I have no regrets.
▼ + stars: | 2024-11-19 | by ( ) www.businessinsider.com time to read: +6 min

Armed with shears and headlamps to guide us, we filed into the vineyard rows like soldiers, performing the synchronized ritual that has existed for centuries: picking grapes for wine harvest. AdvertisementI instantly answered: "I want to work a wine harvest in Europe." I spent hours firing off emails, asking if they had any open positions on their harvest team. I worried about running out of money and blowing through the savings I'd spent years growing. It was all underpinned by one fear: Is this worth upending the life I'd built?

Persons: wouldn't, I'd, Gruner, I've, I'm Organizations: Australia Locations: Austria, Burgenland, Coast of California, Europe, Slovenia, England, Australia, Austrian

☆ 51-year-old earns over $70,000 in one of the most in-demand jobs in the U.S.—and it doesn't require a degree
▼ + stars: | 2024-11-19 | by ( Morgan Smith | ) www.cnbc.com time to read: +8 min

Roofing is also one of the fastest-growing jobs in the U.S., with nearly 15,000 jobs expected to be added each year over the next decade. She launched her own roofing business, B. Barela Construction, in February 2021. Her combined income from running B. Barela Construction and working in real estate is more than $70,000 (she declined to share her exact salary). Ahead of her fourth year in business, Tena says she hopes to scale the business into a full-time career. She attended Santa Fe Community College on and off between 1995 and 2002, waffling between entering business, law or real estate, but never finishing her bachelor's degree.

Persons: Bridgette Tena, Tena, they've, Tena's, Lino Barela, We're, — Organizations: CNBC, U.S . Department of Labor, Santa Fe Community College, Realtors Locations: Santa Fe , New Mexico, U.S, Santa Fe, New Mexico, Denver , Colorado, Santa

☆ I took a job at JP Morgan for the prestige. Quitting to travel changed the way I view success.
▼ + stars: | 2024-11-19 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +5 min

AdvertisementAshley Tan got a job at JP Morgan in Singapore after graduating from university. This as-told-to essay is based on a conversation with Ashley Tan, 29, who quit her job at JP Morgan Singapore to travel. After graduating from university, I went straight to work and took a role at JP Morgan for the company name. I joined JP Morgan because of it's prestigeI was hired by JP Morgan in December 2022 as an events and marketing analyst. It was scary, but I officially quit JP Morgan in March because I knew I'd regret it if I didn't take the risk.

Persons: Ashley Tan, Tan, It's, I've, JP Morgan, Morgan, I'd, it's, it'll, I'm, what's, you've, Tess Martinelli Organizations: Morgan, JP Morgan, JP, Singapore Locations: Singapore, JP Morgan Singapore, Bali, Europe, Australia, tmartinelli

The best Walmart Black Friday deals are often available the week of Thanksgiving, but some enticing savings opportunities are available now. We've rounded up some of the best deals currently available at Walmart across home, kitchen, tech, and more. Make sure to check out our guide to the best early Black Friday deals. Best early Walmart Black Friday home and kitchen dealsThe best early Black Friday home and kitchen deals at Walmart feature products from Ninja, Dyson, Keurig, and more. View at WalmartBest early Walmart Black Friday tech dealsWalmart's best early Black Friday tech deals include everything from TVs to headphones to smartwatches to gaming consoles.

Persons: We're, Apple AirPods, Dyson, Keurig, it's Organizations: Business, Walmart, Dyson, LG, Best, Walmart Best, Apple, Samsung, iPad, Walmart Samsung Galaxy Watch, Galaxy, Walmart Apple

☆ A lesser-known US budget airline announced 44 new routes to smaller and underserved cities. See the full list.
▼ + stars: | 2024-11-19 | by ( Taylor Rains | ) www.businessinsider.com time to read: +3 min

AdvertisementBudget airline Allegiant Air announced 44 new routes to smaller cities across the US. Allegiant's new routes may pressure major airlines to lower prices on competing routes. Lesser-known budget airline Allegiant Air announced 44 new routes to smaller cities across the US. These routes aren't necessarily flashy, but they'll likely help rural communities seeking better nonstop connections to more cities across the US. For example, Allegiant's new route between Dulles and Knoxville, Tennessee, costs $139 roundtrip in late May, not including any extras.

Persons: Allegiant, Drew Wells, Allegiant's, David Neeleman, Neeleman Organizations: Allegiant Air, Breeze Airways, Spirit Airlines, Frontier Airlines, United Airlines, American Airlines, Southwest Airlines, Dulles, Google Locations: Colorado, Phoenix , Orange County , California, St, Petersburg , Florida, Allegiant, Denver, Allegiant's, Washington Dulles, Phoenix, Dulles, Knoxville , Tennessee, Knoxville

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