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☆ Why inflation isn't returning to pre-pandemic levels — and 3 trades to capitalize on an overheating economy
▼ + stars: | 2024-10-23 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

The central bank has been aiming to keep the long-run inflation rate at this level to maintain stable prices and a healthy economy. "There is now a higher base inflation rate than there was before COVID for a number of reasons." Related storiesBut there are other factors contributing to an increased long-term inflation rate, many of which Blitz tracked even before the pandemic. AdvertisementChanging demographics in the workplace are also driving increasing debt and higher long-term inflation, according to Blitz. In Blitz's perspective, all of these factors add up to an inflation rate exceeding 2% going forward.

Persons: isn't, Steven Blitz, —, Mark Higgins, Blitz, Bonds Organizations: Service, Fed, stoke, Blitz, Technology, iShares Semiconductor, Index

☆ This tax-free income play is set up for a strong year-end performance, says UBS
▼ + stars: | 2024-10-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Municipal bonds not only offer solid, tax-free income — they should also see some capital appreciation later this year, according to UBS. Consumers are still spending and the combination of job growth, higher wages and slowing inflation should continue to push households' real disposable income higher, he added. Further, the longer end of the muni bond yield curve is also starting to look attractive, he said. Investors hoping to take a diversified approach to municipal bonds may want to consider an exchange-traded fund. Schwab's Municipal Bond ETF (SCMB) , which has an expense ratio of 0.03% and a 30-day SEC yield of 3.25%.

Persons: Sudip Mukherjee, Mukherjee, Bonds Organizations: UBS, muni, Index Fund, SEC, Schwab's Municipal Bond ETF

☆ The index fund cushion is an equal opportunity booster for stocks
▼ + stars: | 2024-10-20 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

S & P 500 money is oblivious to stock valuations of any kind and ignorant to upgrades and downgrades. The Lilliputian sellers regularly fail to do damage when matched with the oblivious index money. A 4% 2-year note isn't competitive to the magnet of the S & P 500 and its kin. That's emblematic of what happens with a big buyback without stock-based compensation (something many tech firms use that renders moot the S & P 500 inflows). Because of the way that the S & P 500 money is divvied up, the share base becomes overwhelmingly index-fund based and the index fund shareholders do not sell.

Persons: Morningstar, Smoot, Herbert Hoover's, Warren Buffett, Buffett, Jerome Powell, haven't, Charlie Scharf, Wells, Banks, Charlie, Morgan Stanley, Ted Pick, James Gorman, Schwab, Gamble, Jim Umpleby, that's, Butch Cassidy, Jim Cramer's, Jim Cramer, Jim, Charles Scharf, Kyle Grillot Organizations: Federal Reserve, Commerce Department, Taiwan Semi, Trust, Fed, Triple AAA Robinhood, Morgan, Procter, United Airlines, Exxon, Caterpillar, Boeing, Apple, Meta, Sundance, Jim Cramer's Charitable, CNBC, Milken Institute Global Conference, Bloomberg, Getty Locations: Hawley, McCumber, Taiwan, Arizona, American, Wells Fargo, Wells, China, Chevron, Beverly Hills, Calif

☆ America's New Economic Supercycle: Growth, Prices, Stock Market Chaos
▼ + stars: | 2024-10-20 | by ( Linette Lopez | ) www.businessinsider.com time to read: +12 min

First, higher interest rates will reward savers, making it more expensive to take risks. And with interest rates so low, companies could suddenly load up on debt: From 2007 to 2017, global nonfinancial corporate debt doubled, to $66 trillion. Now, with the arrival of a new supercycle, money managers are once again being forced to adapt to a changing set of economic realities. Normally, when the Fed hikes interest rates rapidly, the stock market tanks. Rising interest rates will make loans more expensive, forcing businesses to make more-thoughtful decisions about debt.

Persons: Josh Hirt, Silas Myers, Myers, Hirt, you've, Joe Quinlan, they'll, Quinlan Organizations: Investors, Vanguard, Mar Vista Investments, Federal Reserve, Capital, . Venture, Nasdaq, Bank of America, Big Tech, Federal Trade Commission, Treasury, European Union, Aerospace Locations: Washington, China, Unemployment, Europe, America, Japan, United States

☆ How to build up your bets – and your returns – in dividend-paying stocks
▼ + stars: | 2024-10-17 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Dividend stocks could be poised to get their moment in the sun as interest rates fall – and investors only need to take a simple step to boost their long-term returns in these positions. "As rates fall, we might see people looking for longer-term alternatives and, in turn, dividend-paying stocks," he said. For starters, it's a form of dollar-cost averaging into a position, meaning you're buying the stock at regular intervals regardless of the price. "It allows them to reinvest this dividend on a regular scheduled timeframe and have a great opportunity for a larger total return over the long term." The ProShares S & P 500 Dividend Aristocrats (NOBL) has a total return of nearly 15% in 2024 and an expense ratio of 0.35%.

Persons: Dan Stein, Charles Schwab, Jay Spector, That's, would've, you'll, Stein, – CNBC's Chris Hayes Organizations: Federal Reserve, Investors, CFP, EverVest, Machines, IBM, Target Corp, Apple, Broadcom, Microsoft, Exxon Mobil, Internal Revenue Service Locations: Tysons Corner , Virginia, Scottsdale , Arizona

☆ Why 401(k) plans are the 'final frontier' for exchange-traded funds
▼ + stars: | 2024-10-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Momo Productions | Digitalvision | Getty ImagesWhile many investors have flocked to exchange-traded funds, they haven't gained much ground with 401(k) plan participants. The report found that 401(k) plans used ETFs most readily for sector and commodity funds — but even then, they did so just 3% of the time. Key benefits are 'irrelevant'Mutual funds, collective investment trust funds and separately managed accounts held the lion's share of the 401(k) assets across all investment categories, PSCA data shows. However, those benefits are "irrelevant" in 401(k) plans, Blanchett said. Blanchett said 401(k) plans are also long-term accounts in which frequent trading is generally not encouraged.

Persons: Momo, David Blanchett, hasn't, Philip Chao, Chao, Warren Buffett's, Blanchett Organizations: Exchange, Mutual, Morningstar, Investment Company Institute, ICI, of America, Vanguard Locations: John , Maryland

☆ Stocks like American Express may benefit as higher-income consumer remains strong
▼ + stars: | 2024-10-17 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +2 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. "This is a time when markets are distorted… the October period before US elections have usually been distorted," Wieting said on Worldwide Exchange. He says Home Depot (HD) and American Express (AXP) are stocks that will benefit from continued spending of higher income earners. "The higher end consumer is where you want to be right now," said Zaman on Worldwide Exchange.

Persons: Patience Steven Wieting, Wieting, Aadil, JB Hunt Organizations: PRO, Worldwide, U.S, Citi Global Wealth Investments, American Express, Wall Street Alliance, Vanguard, Big Tech, US Freight, American Trucking Association, East, CSX Locations: U.S, East Coast

☆ Inherited IRA rules are changing in 2025 — here's what beneficiaries need to know
▼ + stars: | 2024-10-17 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Jacob Wackerhausen | Istock | Getty ImagesWhat to know about the 10-year ruleBefore the Secure Act of 2019, heirs could "stretch" inherited IRA withdrawals over their lifetime, which helped reduce yearly taxes. But certain accounts inherited since 2020 are subject to the "10-year rule," meaning IRAs must be empty by the 10th year following the original account owner's death. The rule applies to heirs who are not a spouse, minor child, disabled, chronically ill or certain trusts. Since then, there's been confusion about whether the heirs subject to the 10-year rule needed to take yearly withdrawals, known as required minimum distributions, or RMDs. After years of waived penalties, the IRS in July confirmed certain heirs will need to begin yearly RMDs from inherited accounts starting in 2025.

Persons: Jacob Wackerhausen, there's, Dickson, Judson Meinhart Organizations: Istock, Vanguard, Modera Wealth Management Locations: Winston, Salem , North Carolina

☆ Key change coming for 401(k) ‘max savers’ in 2025, expert says — here's what you need to know
▼ + stars: | 2024-10-16 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Aire Images | Moment | Getty ImagesHigher 401(k) catch-up contributionsEmployees can now defer up to $23,000 into 401(k) plans for 2024, with an extra $7,500 for workers age 50 and older. But starting in 2025, workers aged 60 to 63 can boost annual 401(k) catch-up contributions to $10,000 — or 150% of the catch-up limit — whichever is greater. An estimated 15% of eligible workers made catch-up contributions in 2023, according to Vanguard's 2024 How America Saves report. Roth catch-up contributionsAnother Secure 2.0 change will remove the upfront tax break on catch-up contributions for higher earners by only allowing the deposits in after-tax Roth accounts. That means workers can still make pretax 401(k) catch-up contributions through 2025, regardless of income.

Persons: Jamie Bosse, Vanguard's Stinnett, Roth Organizations: IRS, CGN Advisors, America, Vanguard Locations: Manhattan , Kansas

☆ Interest on cash is tumbling, but these funds might be the next best way to earn some income
▼ + stars: | 2024-10-15 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

The Federal Reserve is about a month into its rate-cutting cycle, and money market fund yields are already starting to pay less. That's where short and ultra-short duration bond funds and ETFs may come into play. An eye on duration Duration is a measure of a bond's price sensitivity when interest rates fluctuate. In that case, ultra-short bond funds and short-term bond funds might be "a natural landing spot for that cash." Those ultra-short bond funds have one to three years of duration and offer some stability day to day, Bartolini added.

Persons: Brett Sheely, Matthew Bartolini, Bartolini, AllianceBernstein's Sheely, —, Vincent Caintic Organizations: Federal, Investment Company Institute, State Street Global Advisors, SPDR, SPDR Americas Research, Bond, SEC, Federal Deposit Insurance Corp, . Locations: SPDR Americas

County election officials in Florida, meanwhile, are facing a potential new challenge after Hurricane Milton made landfall on its western coast late Wednesday. Other county election offices in the state similarly said this week that that they would perform fresh assessments of their election infrastructure following Milton. Chris O'Meara/AP David Jalving throws outdoor furniture into his father's pool in Fort Myers to prepare for Hurricane Milton. Marta Lavandier/AP A man in Progreso boards up an apartment building to protect it from Hurricane Milton on Monday. “We should have the most poll workers we’ve ever had here in Oconee County,” said Ryan Nowland, assistant director of Oconee County elections.

Persons: Hurricane Helene, “ I’ve, ”, Mary Beth Tipton, “ We’ve, ” Tipton, Yancey County, Hurricane Milton, “, ” Brian Corley, Milton, Robert Inman, Inman, Cliff Marr, Marr, ” Marr, Helene, Karen Brinson Bell, Bell, Corinne Duncan, Duncan, ” Duncan, Christopher Heath, Ron DeSantis, Corley, Bill Nye, CNN Kari Ewalt, Osceola, ” Ewalt, they’re, Conway Belangia, I’ve, Belangia, Connie Gore, Cecelia Smith, Crystal Vander, Miguel J, Rodriguez Carrillo, Robert Turick, Turick, Rebecca Blackwell, Cristobal Herrera, Julio Cortez, Giorgio Viera, Ricardo Arduengo, Liz Kelly, Matt, Andrew West, Chandan Khanna, Nadia Zomorodian, Austin, Joe Raedle, Sean Rayford, Marta Lavandier, Jefferee Woo, Bryan R, Smith, Chris Urso, Marco Bello, Brandon Marlow, Marie Cook, Bill Ingram, Reuters Stephen Lundgren, Doug Engle, Ron Rook, Paul Hennessy, Saul Martinez, Payton Wyse, Andrew Goncharsky, Christian Burke, Lee, Connor Ferran, Fort Myers, Nicolette Mariano, Kaila Jones, Damon Higgins, Ted Carlson, McKenzie, Evan Purcell, Purcell's, Anna Maria Island, Carlson, Yamil Lage, Matthew Dominick, NASA Aurelio Ortiz, Lorenzo Hernandez, Mike Carlson, Jose Luis Gonzalez, Reuters John Fedor, Chris O'Meara, David Jalving, Pete, Octavio Jones, Tristan Wheelock, Gerald, Martin Zetina, Gregg Newton, ” Belangia, we’ve, Ryan Nowland, “ We’re, everyone’s Organizations: CNN, Trump, Hurricane, “ Communications, Republican, Republican Gov, Voters, Osceola County’s, South, USA, AFP, Getty, AP, Daytona, Network, Reuters, Bradenton, Tropicana, Major League, Tampa Bay Rays, Celtic Ray Public, Tampa Bay Times, NOAA, Vanguard, School, Ocala, Orlando International Airport, Anadolu, Disney, Fort, Palm Beach Daily, Florida Army National Guard, Tampa General Hospital, NASA, International, Milton, Tampa International Airport, Bloomberg, AP Contractors, New Port Richey, AP Tropicana Locations: Carolina, Hurricane, North Carolina’s Yancey County, Yancey, Florida, Florida’s Pasco County, North Carolina, North Carolina’s, Haywood County, North Carolina’s Polk County, ”, Buncombe County, Asheville, Covid, Orange County, Milton, Pasco County, South Carolina, Greenville County, ” County, Martin County , Florida, Port St Lucie , Florida, Englewood , Florida, Manasota Key, Hurricane Milton, Venice , Florida, Riverview , Florida, Lakewood Park , Florida, Siesta Key, Punta Gorda , Florida, North Fort Myers , Florida, Siesta, Volusia, South Daytona , Florida, Bradenton Beach, St . Petersburg, Punta Gorda, Odessa , Florida, Venice, Matlacha , Florida, Palmetto Beach, Tampa, Bradenton , Florida, St . Petersburg , Florida, Clearwater, AFP, Sarasota , Florida, Segundo, Davis, Fort Myers , Florida, Wellington , Florida, Palm, Ocala , Florida, County, Wellington, Orlando, Gulfport , Florida, Lee County, Fort Myers, Sebastian , Florida, Palm Beach , Florida, Palm Beach, Havana, Cuba, Celestún, Mexico, Port Richey , Florida, Tampa Bay, Treasure Island , Florida, St, Pete Beach , Florida, Treasure, Fort Myers Beach, Progreso, New Port, Kissimmee , Florida, Pickens County, Oconee County, Oconee

☆ Florida’s home insurer of last resort is in serious trouble. Will Milton put it over the edge?
▼ + stars: | 2024-10-11 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +13 min

Flood waters inundated a neighborhood after Hurricane Milton came ashore on October 10 in Punta Gorda, Florida. Andrew West/The News-Press/USA Today Network/Imagn Images A vehicle drives though a flooded street after Hurricane Milton in Siesta Key on Thursday. Rebecca Blackwell/AP The roof of Tropicana Field, destroyed by Hurricane Milton, is seen in St. Petersburg on Thursday. Chris O'Meara/AP David Jalving throws outdoor furniture into his father's pool in Fort Myers to prepare for Hurricane Milton. Marta Lavandier/AP A man in Progreso boards up an apartment building to protect it from Hurricane Milton on Monday.

Persons: Hurricane Helene, Hurricane Milton, Ron DeSantis, Joe Raedle, Milton, Helene, ” Mark Friedlander, ”, ’, Hurricane Ian, Giorgio Viera, Rebecca Blackwell, Ricardo Arduengo, Liz Kelly, Matt, Andrew West, Chandan Khanna, Nadia Zomorodian, Julio Cortez, Austin, Sean Rayford, Marta Lavandier, Jefferee Woo, Cristobal Herrera, Bryan R, Smith, Chris Urso, Marco Bello, Brandon Marlow, Marie Cook, Bill Ingram, Reuters Stephen Lundgren, Doug Engle, Ron Rook, Paul Hennessy, Saul Martinez, Payton Wyse, Andrew Goncharsky, Christian Burke, Lee, Connor Ferran, Fort Myers, Nicolette Mariano, Kaila Jones, Damon Higgins, Ted Carlson, McKenzie, Evan Purcell, Purcell's, Anna Maria Island, Carlson, Yamil Lage, Matthew Dominick, NASA Aurelio Ortiz, Lorenzo Hernandez, Mike Carlson, Jose Luis Gonzalez, Reuters John Fedor, Chris O'Meara, David Jalving, Pete, Octavio Jones, Tristan Wheelock, Gerald, Martin Zetina, Gregg Newton, Floridians ’, Denise Rappmund, Rappmund, Bobby Atwood, Atwood, won’t, isn’t Organizations: New, New York CNN, Property Insurance Corp, Citizens, Dade, “, Insurance Information Institute, CNN, DeSantis, Republican, CNBC, Hurricane, Getty, AP, USA, Daytona, Network, Reuters, Bradenton, Tropicana, Major League, Tampa Bay Rays, Celtic Ray Public, Tampa Bay Times, NOAA, Vanguard, School, Ocala, Orlando International Airport, Anadolu, Disney, Fort, Palm Beach Daily, Florida Army National Guard, Tampa General Hospital, NASA, International, Milton, Tampa International Airport, Bloomberg, AP Contractors, New Port Richey, AP Tropicana, Moody’s Investors Service Locations: New York, Florida, Miami, Monroe, Hurricane, Punta Gorda , Florida, Central Florida, Lakewood Park , Florida, Siesta Key, North Fort Myers , Florida, Siesta, Volusia, South Daytona , Florida, Bradenton Beach, St . Petersburg, Punta Gorda, Odessa , Florida, Venice , Florida, Matlacha , Florida, Palmetto Beach, Tampa, Bradenton , Florida, Venice, St . Petersburg , Florida, Clearwater, AFP, Sarasota , Florida, Segundo, Davis, Fort Myers , Florida, Wellington , Florida, Palm, Ocala , Florida, County, Wellington, Orlando, Gulfport , Florida, Lee County, Fort Myers, Sebastian , Florida, Palm Beach , Florida, Palm Beach, Havana, Cuba, Celestún, Mexico, Port Richey , Florida, Tampa Bay, Treasure Island , Florida, St, Pete Beach , Florida, Treasure, Fort Myers Beach, Progreso, New Port, Kissimmee , Florida, Milton

Sean Rayford/Getty Images Cars move slowly through Matlacha, Florida, on Thursday after Hurricane Milton damaged power lines. Chris Urso/Tampa Bay Times/AP A satellite image captures Hurricane Milton reaching the coast of Florida on Wednesday, October 9. Chris O'Meara/AP David Jalving throws outdoor furniture into his father's pool in Fort Myers to prepare for Hurricane Milton. Marta Lavandier/AP A man in Progreso boards up an apartment building to protect it from Hurricane Milton on Monday. “Many areas in the county have incurred severe property damage because of back-to-back impacts from Hurricane Helene and Hurricane Milton,” Pinellas County Consumer Protection said in a public advisory Thursday.

Persons: Milton, Floridians, ”, Ron DeSantis, Walt, Aquatica, Connie Gore, Cecelia Smith, Hurricane Milton, Crystal Vander, Miguel J, Rodriguez Carrillo, Robert Turick, Turick, Helene, Rebecca Blackwell, Cristobal Herrera, Julio Cortez, Giorgio Viera, Ricardo Arduengo, Liz Kelly, Matt, Andrew West, Chandan Khanna, Nadia Zomorodian, Austin, Joe Raedle, Sean Rayford, Marta Lavandier, Jefferee Woo, Bryan R, Smith, Chris Urso, Marco Bello, Brandon Marlow, Marie Cook, Bill Ingram, Reuters Stephen Lundgren, Doug Engle, Ron Rook, Paul Hennessy, Saul Martinez, Payton Wyse, Andrew Goncharsky, Christian Burke, Lee, Connor Ferran, Fort Myers, Nicolette Mariano, Kaila Jones, Damon Higgins, Ted Carlson, McKenzie, Evan Purcell, Purcell's, Anna Maria Island, Carlson, Hurricane Helene, Yamil Lage, Matthew Dominick, NASA Aurelio Ortiz, Lorenzo Hernandez, Mike Carlson, Jose Luis Gonzalez, Reuters John Fedor, Chris O'Meara, David Jalving, Pete, Octavio Jones, Tristan Wheelock, Gerald, Martin Zetina, Gregg Newton, ” DeSantis, “, ” Crews, Melissa Seixas, CNN’s Kate Bolduan, Joe Biden, Deanne Criswell, ” Criswell, Hurricane, it’s, CNN’s Andy Rose Organizations: CNN, St, Daytona, Tampa International, Sarasota Bradenton International, Coast Guard, Walt Disney, SeaWorld, USA, AFP, Getty, AP, Hurricane, Network, Reuters, Bradenton, Tropicana, Major League, Tampa Bay Rays, Celtic Ray Public, Tampa Bay Times, NOAA, Vanguard, School, Ocala, Orlando International Airport, Anadolu, Disney, Fort, Palm Beach Daily, Florida Army National Guard, Tampa General Hospital, NASA, International, Milton, Tampa International Airport, Bloomberg, AP Contractors, New Port Richey, AP Tropicana, Duke Energy, Pinellas County Consumer Protection, “, Government, FEMA, Cross Locations: Florida, Tampa, Hillsborough, Lithia, Clearwater, Johns, Orlando, Sanibel , Florida, St, Petersburg, Georgia, South Carolina, Aquatica Orlando, Discovery Cove, SeaWorld Orlando, Martin County , Florida, Port St Lucie , Florida, Hurricane, Englewood , Florida, Manasota Key, Hurricane Milton, Venice , Florida, Riverview , Florida, Lakewood Park , Florida, Siesta Key, Punta Gorda , Florida, North Fort Myers , Florida, Siesta, Volusia, South Daytona , Florida, Bradenton Beach, Milton, St . Petersburg, Punta Gorda, Odessa , Florida, Venice, Matlacha , Florida, Palmetto Beach, Bradenton , Florida, St . Petersburg , Florida, AFP, Sarasota , Florida, Segundo, Davis, Fort Myers , Florida, Wellington , Florida, Palm, Ocala , Florida, County, Wellington, Gulfport , Florida, Lee County, Fort Myers, Sebastian , Florida, Palm Beach , Florida, Palm Beach, Havana, Cuba, Celestún, Mexico, Port Richey , Florida, Tampa Bay, Treasure Island , Florida, Pete Beach , Florida, Treasure, Fort Myers Beach, Progreso, New Port, Kissimmee , Florida, Melissa Seixas , Florida, Pinellas County, Georgia , Tennessee, Carolinas

☆ 15 stocks top funds and legendary investors are piling into, including those held most by billionaires like Warren Buffett and Ken Fisher
▼ + stars: | 2024-10-10 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

The S&P 500 and Vanguard's Total Stock Market Index Fund have surged over 30% in 2024. GuruFocus tracks top investors' stock picks, highlighting 15 popular stocks among gurus. The stock market has boom-and-bust cycles and periods of sector rotations. Some have taken to copying the so-called investing gurus of our world. The bucket of allocators adds up to more than 140 investors and funds, including Buffett and Fisher.

Persons: Ken Fisher, Warren Buffett, contrarian, —, it's, He's, Buffett, Fisher Organizations: Market, Service, Market Index

☆ The money you forfeit when you cash out of your 401(k) can be staggering
▼ + stars: | 2024-10-09 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

CNN —When you quit your job, one of the biggest decisions you’ll have to make is what to do about the money in your retirement account if you’ve been saving in your company’s 401(k). Roll it over to another tax-deferred retirement account such as an IRA or the 401(k) at your new job. While a majority of 401(k) participants who switch jobs choose the first or second option, a large minority cash out, according to recent studies. Here’s why: The features of a 401(k) plan may differ from employer to employer. While many now auto enroll employees in the plan, the default savings rate coming out of your paycheck may differ.

Persons: you’ve, Robert Persichitte, Tom O’Saben, she’ll, “, ”, Paul Brahim, — Organizations: CNN, Vanguard Investments, Yale School of Management, National Association of Tax, Financial, Association, Vanguard, ” Vanguard Locations: New York City, Los Angeles, Colorado

☆ A$AP Rocky, Pharrell, Lewis Hamilton and Colman Domingo will co-chair a historic Met Gala
▼ + stars: | 2024-10-09 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +4 min

Next year, a landmark exhibition on Black suiting and sartorial codes will serve as the inspiration for fashion’s biggest night out. The much-anticipated Met Gala event typically draws its theme from the accompanying exhibition, which A-Listers are encouraged to interpret on the red carpet. For the upcoming Met Gala, the Costume Institute has also announced a new lineup of famous co-chairs, all fashion-forward men: Actor Colman Domingo, British racing driver Lewis Hamilton, rapper A$AP Rocky and producer Pharrell Williams will work with Vogue editor-in-chief Anna Wintour to orchestrate the event, along with honorary co-chair LeBron James. Pharrell Williams, Anna Wintour, and Lewis Hamilton at the Metropolitan Museum of Art during the announcement of the Costume Institute's 2025 spring exhibition. “The history of Black dandyism illustrates how Black people have transformed from being enslaved and stylized as luxury items, acquired like any other signifier of wealth and status, to autonomous, self-fashioning individuals who are global trendsetters,” she said.

Persons: “, J.G . Ballard, Colman Domingo, Lewis Hamilton, Pharrell Williams, Anna Wintour, LeBron James, Taylor, Willy Chavarria, Williams, Monica L, Dandyism, Miller, Andrew Bolton, Black dandies, Bolton, ”, Angela Weiss, engenders Organizations: CNN, Metropolitan Museum of Art, Harlem Renaissance, Costume Institute, Vogue, Louis Vuitton, Met, Getty Locations: British, London, Paris

☆ Warren Buffett's S&P 500 bet paid off. Experts weigh in on whether it's still a winning strategy
▼ + stars: | 2024-10-09 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

True to its name, the S&P 500 index includes 500 large U.S. companies. They are the SPDR S&P 500 ETF Trust , which trades under the ticker SPY; iShares Core S&P 500 ETF , with ticker IVV; and Vanguard S&P 500 ETF , which trades as VOO. Future index performance could be 'muted'The S&P 500 index has continued to make headlines for new all-time highs in 2024. Goldman Sachs just raised its S&P 500 index forecast for 2024 to 6,000 up from 5,600 to reflect expected earnings growth. S&P 500 'hard to beat in the long run'Investing in the S&P 500 index is a popular strategy.

Persons: Warren Buffett, Berkshire, Morningstar, VOO, Larry Adam, Raymond James, Adam, Goldman Sachs, Tom Lee, Bryan Armour, Armour, Sean Williams, Williams Organizations: Berkshire Hathaway, Cnbc, Nbcuniversal, Trust, Vanguard, U.S, ETF, Fundstrat Global Advisors, CNBC, Morningstar, Cadence Wealth Partners Locations: St . Petersburg , Florida, U.S, Concord , North Carolina

☆ Stock market today: US stocks close at all-time highs ahead of key inflation update
▼ + stars: | 2024-10-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Indexes hit fresh all-time highs ahead of the key inflation report for September due Thursday. AdvertisementUS stocks jumped on Wednesday as traders looked ahead to coming inflation data and took in the minutes of the Federal Reserve's last meeting. The stakes of the next inflation reading have risen after the big September jobs number, and Wall Street could be in for some volatility in the event of an upside surprise, Bank of America said this week. Central bankers predicted inflation would fall to 2% by 2026, while risks to economic strength were "tilted to the downside." According to the CME FedWatch tool, the odds for another jumbo-sized rate cut in 2024 have fallen to zero.

Persons: —, Josh Hirt, Oliver Allen Organizations: Service, Dow Jones Industrial, Investors, Nasdaq, Justice, Treasury, Here's, Fed, Bank of America, Vanguard, Pantheon

☆ AI startup Writer, currently fundraising at a $1.9 billion valuation, launches new model to compete with OpenAI
▼ + stars: | 2024-10-09 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

San Francisco-based AI startup Writer debuted a large artificial intelligence model Wednesday to compete with enterprise offerings from OpenAI, Anthropic and others. The company cuts costs using synthetic data, or data created by AI. Waseem Alshikh, Writer's co-founder and CTO, told CNBC that Writer has been working on its synthetic data pipeline for years. The generative AI market is poised to top $1 trillion in revenue within a decade. To date in 2024, investors have pumped $26.8 billion into 498 generative AI deals, according to PitchBook, and companies in the sector raised $25.9 billion in 2023, up more than 200% from 2022.

Persons: May Habib, That's, It's, Waseem, Writer's, Alshikh Organizations: Work Summit, Porsche, Raffles London, CNBC, Meta, Microsoft, Accenture, Uber, L'Oreal, Vanguard Locations: London, England, San Francisco, OpenAI, Anthropic

☆ Why some Florida residents aren’t evacuating ahead of Hurricane Milton
▼ + stars: | 2024-10-09 | by ( Paul P. Murphy | Michelle Krupa | ) edition.cnn.com time to read: +11 min

Traffic flows east Tuesday along Interstate 4 as residents continue to follow evacuation orders ahead of Hurricane Milton. A motorist drives past broken utility poles downed by strong wind gusts as Hurricane Milton approaches Fort Myers, Florida, on Wednesday, October 9. Chris O'Meara/AP David Jalving throws outdoor furniture into his father's pool in Fort Myers to prepare for Hurricane Milton. Julio Cortez/AP A man clears debris left by Hurricane Helene from his home in Treasure Island, Florida, on Monday. Marta Lavandier/AP A man in Progreso boards up an apartment building to protect it from Hurricane Milton on Monday.

Persons: Vivienne Marran, ”, Hurricane Milton, Marran, Helene, they’ve, we’ve, “ I’ve, ” Marran, Helene –, “, Holly Speckhart, Julio Cortez, ‘, Jane Castor, you’re, ” Speckhart, Ian – Bridgit, Budd, Milton, Fort, Ricardo Arduengo, Connor Ferran, Fort Myers, Joe Raedle, Paul Hennessy, Saul Martinez, Stephen Lundgren, Doug Engle, Payton Wyse, Andrew Goncharsky, Lee, Nicolette Mariano, Kaila Jones, Yamil Lage, Damon Higgins, Ted Carlson, McKenzie, Evan Purcell, Purcell's, Anna Maria Island, Carlson, Rebecca Blackwell, Hurricane Helene, Bryan R, Smith, Matthew Dominick, NASA Aurelio Ortiz, Lorenzo Hernandez, Mike Carlson, Jose Luis Gonzalez, Reuters John Fedor, Chris O'Meara, David Jalving, Marta Lavandier, Pete, Octavio Jones, Tristan Wheelock, Gerald, Martin Zetina, Gregg Newton, ” Anna Maria Island, William Tokajer, ” Tokajer, “ We’ve, we’ll, “ we’ve, I’ve, We’ve, who’d, –, “ you’ve, ” CNN’s Mary Gilbert, Rebekah Riess, Andy Rose, John Berman Organizations: Sol , Florida CNN, CNN, Hurricane, Tampa Bay, ” Tampa Fire Rescue’s, Milton, Tampa Bay Rays, Tampa Mayor, Orlando International Airport, Anadolu, Getty, Disney, Vanguard, School, Ocala, USA, Fort, Palm Beach Daily, Florida Army National Guard, Bradenton, Tampa General Hospital, NASA, International, Reuters, AP, Tampa International Airport, Bloomberg, AP Contractors, New Port Richey, AP Tropicana, Holmes Beach Police, Social, Isla del, Sunshine Skyway Locations: Sol , Florida, St . Petersburg, Gulf, Mexico, Tampa, Milton, ” Tampa, Hurricane, Ohio, Cincinnati, Sanibel, Fort Myers , Florida, Orlando, Ocala , Florida, Lee County, Fort Myers, Sebastian , Florida, Havana, Cuba, AFP, Palm Beach, Bradenton Beach, Tampa , Florida, Celestún, Port Richey , Florida, Tampa Bay, Treasure Island , Florida, St, Pete Beach , Florida, Fort Myers Beach, Progreso, New Port, St . Petersburg , Florida, Kissimmee , Florida, Florida, Isla, Isla del Sol, Holmes Beach

☆ This one career mistake may be costing you $300,000 in retirement savings. Here's how to avoid it.
▼ + stars: | 2024-10-08 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

But there's one hiccup: your retirement savings rate could fall behind and the opportunity costs could pile up. The reason is that the most common default savings rate was quite low, at only 3%. Those who saw a raise below 10% saw a drop in their savings rate and the dollar amount they saved. Those lucky enough to snag an increase above 10%, still ended up with a higher dollar amount saved even with a lower savings rate. For passive savers who are stuck in their ways, it may be up to employers to make the adjustments by increasing the default savings rate.

Persons: switchers, —, It's Organizations: Service, Vanguard

☆ U.S. economy softening, but not weak, says strategist
▼ + stars: | 2024-10-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. economy softening, but not weak, says strategistGiulio Renzi Ricci, head of asset allocation, Europe at Vanguard, discusses the outlook for the U.S. economy, and what this means for investing in U.S. assets.

Persons: Giulio Renzi Ricci Organizations: U.S, Vanguard Locations: U.S

☆ US economy added 254,000 jobs in September, logging surprisingly robust growth
▼ + stars: | 2024-10-04 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

CNN —US job growth surged in September, blowing past expectations and providing solid reassurance for the ongoing stability of the labor market. Employers added an estimated 254,000 jobs in September, according to data released Friday by the Bureau of Labor Statistics. “The outlook for the economy in the months ahead is quite favorable, according to the September jobs report. As job gains dropped off from their once breakneck pace, economists were quick to note that the labor market was merely slowing and not at risk of imminent collapse. “The labor market is strong,” she said.

Persons: “, ” Brian Bethune, —, Chris Rupkey, ”, Elise Gould, Gould, Jerome Powell, September’s, it’s, ” Bethune, ‘, ’, Josh Hirt, ” Hirt, they’ve Organizations: CNN, Employers, Bureau of Labor Statistics, BLS, Boston College, Service, Federal Reserve, FwdBonds, Economic Policy Institute, Federal, Vanguard, Boeing

☆ Active bond funds put up a strong performance — and they may be poised to stand out as rates fall
▼ + stars: | 2024-10-03 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Over the 12-month period ending June, about 2 of 3 active bond managers trounced their average passive counterpart, according to a recent analysis from Morningstar . There were a few tailwinds in active managers' favor. With the Fed recently cutting rates by a half point — and Chair Jerome Powell noting that two more quarter-point cuts could be in the cards this year — a new challenge awaits these active bond funds. As interest rates fall, active managers can position accordingly, said Roger Hallam, global head of rates at Vanguard. "We expect active managers to make a little more, and they should be because they're doing more trades and it costs more to manage active portfolios," said Olmsted.

Persons: —, Ryan Jackson, Jerome Powell, it's, Jackson, Paul Olmsted, Roger Hallam, wouldn't, Hallam, Morningstar, Olmsted Organizations: Federal Reserve, Morningstar, Vanguard, Bond Fund, SEC

☆ Los Angeles' LGBTQ history comes alive at Circa: Queer Histories Festival
▼ + stars: | 2024-10-01 | by ( Dan Allen | ) www.nbcnews.com time to read: +3 min

It’s all part of Circa: Queer Histories Festival, which returns for a second edition of packing LGBTQ History Month — aka October — with events that explore and celebrate L.A.’s myriad queer legacies. “Los Angeles is not just a big city, it’s like a small country,” said Tony Valenzuela, executive director of One Institute, Circa’s organizer. “There’s just so much diversity here, folks from all over the world, and it has a really vibrant — not just queer and trans community, but queer and trans history. That history has long been overshadowed by New York and San Francisco, but I think that’s really changing.”Tony Valenzuela, pictured here at the Out100 Celebration in Los Angeles in 2023, is the executive director of the One Institute, which organizes the Circa: Queer Histories Festival. “It doesn’t have to be events that fill an auditorium with 300 people,” he explained.

Persons: Faeries, Don Kilhefner, trailblazers, Long, ”, Tony Valenzuela, “ There’s, ” Tony Valenzuela, Alberto Rodriguez, “, ” Valenzuela, Valenzuela Organizations: Finland House, One Institute, Variety, ”, Gay & Lesbian Latinos Unidos Locations: Los Angeles, Finland, New York, San Francisco, Palestine

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