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President Joe Biden delivers remarks during the CNN Presidential Debate at the CNN Studios on June 27, 2024 in Atlanta, Georgia. Many of the Democratic Party's top fundraisers are privately sounding the alarm after President Joe Biden's disappointing debate performance Thursday against Republican former President Donald Trump. CNBC began hearing from worried Democratic campaign donors and fundraisers less than 20 minutes into the 90-minute debate hosted by CNN. "Game over," said a longtime Democratic campaign advisor, who has been raising money for congressional leaders for over a decade and helped raise money for Biden's 2020 White House bid. Biden's campaign co-chair Mitch Landrieu told NBC News this was because the president had a cold.

Persons: Joe Biden, Joe Biden's, Donald Trump, Biden, Biden's, He's, doesn't, Jaime Harrison, Ronald, Reagan, George W, Bush, Barack, Obama, I've, we've, Jack Tapper, Tapper, Mitch Landrieu, Landrieu, Kamala Harris, Trump, Kate Bedingfield Organizations: CNN, CNN Studios, Democratic, Republican, CNBC, Democratic National, NBC News, Patrol, Democratic National Convention, White House Locations: Atlanta , Georgia

Amazon will double the value of credits it offers some startups to use its cloud infrastructure, CNBC has learned, as the company faces heightened competition from Microsoft in artificial intelligence services. Seed-stage startups will still be eligible for $100,000 in credits, AWS said. But Microsoft Azure and Google Cloud are growing more quickly, and are benefiting from rapidly advancing AI models. During Selipsky's time at the helm, Microsoft and Google increased their share of the cloud infrastructure market. Participants will be able to access up to $1 million in cloud credits, according to the website.

Persons: Matt Garman, Garman, Garman's, OpenAI, Anthropic, Adam Selipsky, Grant, Amazon's, Rohit Prasad, David Luan Organizations: Amazon Web, CNBC, Microsoft, AWS, Google, Gemini Locations: Las Vegas, Silicon, Silicon Valley

☆ Trump and Biden's first presidential debate: Here's what to expect on taxes
▼ + stars: | 2024-06-27 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

President Joe Biden and former President Donald Trump will face off Thursday in the first presidential debate of the 2024 general election — and the presumptive nominees could show voters where they stand on tax policy, experts say. One key issue is the Republicans' expiring tax breaks enacted via the Tax Cuts and Jobs Act of 2017, or TCJA. Without action from Congress, several provisions will sunset after 2025, including lower federal income tax brackets, a boosted child tax credit and higher estate and gift tax exemptions, among others. More than 60% of tax filers could face increased taxes in 2026 if TCJA provisions expire, according to the Tax Foundation. Fully extending TCJA provisions could add an estimated $4.6 trillion to the deficit over the next decade, the Congressional Budget Office reported in May.

Persons: Joe Biden, Donald Trump, —, Andrew Lautz, Trump, expirations Organizations: Tax Foundation, Biden, Finance, IRS, Congressional

☆ Who Won the Debate? Biden Stumbles Left Trump on Top
▼ + stars: | 2024-06-27 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

In the first presidential debate of the year between the leading Democratic and Republican candidates, President Biden and former President Donald J. Trump clashed on inflation, taxes, Ukraine and the future of democracy. A halting performance from Mr. Biden and a relatively steady and measured delivery by Mr. Trump left Democrats deeply concerned about Mr. Biden’s prospects. On cable news and social media, strategists from both parties wondered if Mr. Biden could continue in the race against Mr. Trump. “It was a really disappointing debate performance from Joe Biden. His biggest issue was to prove to the American people that he had the energy, the stamina — and he didn’t do that,” Kate Bedingfield, Mr. Biden’s former White House communications director, said on CNN.

Persons: Biden, Donald J, Trump, Mr, Joe Biden, ” Kate Bedingfield, Biden’s Organizations: Democratic, Republican, Mr, White House, CNN Locations: Ukraine

☆ Some disgruntled 'Bridgerton' fans are turning on the showrunner
▼ + stars: | 2024-06-27 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +14 min

A two-part release schedule sidelined Colin and Penelope's story for other character arcsLuke Newton as Colin Bridgerton and Nicola Coughlan as Penelope Featherington on season three, episode two of "Bridgerton." "I'm so disappointed honestly by 'Bridgerton' season three, part two," TikToker @lightfrommars said in one video that's been viewed over 770,000 times. Complaints from 'Bridgerton' fans could affect the show — though it's probably safe for nowDoes this spell doom for the Bridgertons? "Bridgerton" season three also topped Nielsen's streaming chart, with 2.19 billion viewing minutes. AdvertisementSo no matter how mad the "Bridgerton" fans are — and how much some factions may insist they're not watching anymore — I'd put my money on the romantic drama's continuation.

Persons: —, Colin Bridgerton, Luke Newton, Penelope Featherington, Nicola Coughlan, Jess Brownell, Chris Van Dusen, Francesca Bridgerton's, Hannah Dodd, Julia Quinn, Phoebe Dynevor, Jean Page, Colin, Liam Daniel, Simon Basset, Daphne Bridgerton, Anthony Bridgerton, Jonathan Bailey, Kate Sharma's, Simone Ashley, Breadcrumbing Penelope, TikToker @lightfrommars, …, John Stirling, Victor Alli, Benedict Bridgerton's, Luke Thompson, Lady Tilley Arnold, Hannah New, Anthony, Kate, Violet Bridgerton, Ruth Gemmell, Danbury's, Lord Anderson, Daniel Francis, it's, we've, Penelope, Bridgerton, Brownell, Eloise Bridgerton, Colin doesn't, he's miffed, Colin's, Polin, Kanthony, Tom Verica, TikToker notwildlin, Maia Douglas, Douglas, Coughlan, Francesca, Michaela Stirling, Michael Stirling, Marie Soledad, fatphobia, she's, Masali Baduza, Netflix There's, Michael, Abbie Mills, We're, Van Dusen, Jenna Ortega, they're, — I'd Organizations: Service, Netflix, Business, Instagram

And they were everywhere, although, naturally, New York City was a magnet, as it has always been for L.G.B.T.Q.+ people looking for a place in which they can be themselves. New York City was where you lost your soul, and we wanted to be closer to the earth. I wore an eight-and-a-half-foot-tall Statue of Liberty costume to the Easter Parade in New York City, and Kirsten came along with me. By the time I turned 30, I’d been telling people I was older for years, because I’m not the type to bemoan the loss of my youth. Going to New York felt like this moment of emerging to a wider audience, and then I started to travel a lot.

Persons: André De Shields, Lady Bunny, Michael R, Jackson, Juliana Huxtable, Wong, J.D, Samson, Pat Oleszko, it’s, —, John Rechy, ”, Danez Smith, Trump, he’d, “, Jenna Lyons, Avram Finkelstein, Joe Mantello, …, Catherine Opie, you’re, Willie Norris, “ I’d, It’s, you’ve, ” — Mark Harris Read, De Shields, Justin French, Chuck Ashley, Anthony Cotsifas, William F, Robert O’Hara’s, Hermes, — Max Berlinger Jenna Lyons, Antonio Lopez, Jenna Lyons’s, Grace Jones ”, Juan Ramos, Antonio Lopez’s, Grace Jones, Tina Chow, Marisa Berenson, Pam Anderson, That’s, — Jason Chen Jayne County, Jayne County, Gus Stewart, Billy Idol, Wayne County, — M.B, Bill T, Jones, Arnie, Arnie Zane, Zane, Keith Haring, Lois Greenfield, Jack Mitchell, Peggy Jarrell Kaplan, Gertrude Stein, Alice B, we’d, Bill, Arnie ”, I’m, — Juan, Norris, Yael Malka, Tomas Abad, West, Black, I’d, — Colleen Hamilton B.D, New York’s Eugene, . Wong, David Henry Hwang’s, Richie, wasn’t, Wayne Barker, — John Wogan Edmund White, Edmund White, Horatio, Leonard Fink’s “, Barbara Confino, Leonard Fink, Joseph Rodriguez, Bleecker, You’d, Gosh, Michael Snyder Pat Oleszko, Chichi, Kirsten, who’d, she’d, — C.H, Brian Michael Smith, Gay, Smith, Kiki Ball, Josue Infante, Skyler Cruz, Jamison, — J.A.R, Agnes Denes’s “, Don Yowell, Finkelstein, Agnes Denes, Leslie Tonkonow, Don, Agnes Denes’s, JD Samson, Sia, Mark Hunter, Anthony Cotsifas I’d, Johanna Fateman, Tigre, Michael O’Neill, Obama, might’ve, — Kate Guadagnino Kristen Kish, Kish, Suzanne Kreiter, David Moir, Bravo, isn’t, — J.W, Stephen Spinella, Mantello, Joan Marcus, Photofest, Tony Kushner’s, Louis Ironson, Milton Glaser, he’s, David, Marshall Grant, Joe Pitt, Walter, Awards, Stephen, ” —, Freedia, Devon Hurst, Sissy Nobby, Barack Obama’s, Lyle Ashton Harris, Big, Bounce, ” — M.B, Thom Browne, Browne, Los Angeles’s Chateau Marmont, Malcolm Venville, Paul Fortune, Michèle Lamy —, — J.C, Catherine Opie’s “, Opie, Ian, Lehmann Maupin, Eileen Myles, Jenny Shimizu, I’ve, Nicole Acheampong Danez Smith, Juan Cordero, ” Womp, They’d, hookups, Who’s, We’ve, You’re, J.A.R, Linda Simpson, India, Little Louie Vega, who’s, — K.G, Alexander Chee, Alexander Chee’s, Marguerite Duras’s “, Jeongneung, King Jungjong, Eric McNatt, Chris Chee, — M.S, Sam Jay, Jay, Jonah, Kumail ”, hadn’t, K.G, Phillip Lim, Lim, Tourmaline, Sylvia Rivera, Luce Capco Lincoln, York’s, We’d, Marsha P, John Cameron Mitchell, Larry Kramer, Mitchell’s, Mitchell, Martha Swope, Billy Rose, Mark Tusk, ” Kramer’s, Larry, Ned Weeks, Ned, “ Hedwig, J.W, Joerg Lohse, Reena, there’s, Matt Bomer, Bomer, Simon Halls, Neal Caffrey, Tony Kushner, Terrence McNally —, — I’d, Hollywood, Wu Tsang, Neil Rasmus, Wildness, ’, Wildness ”, Roxane Gay, Mueller, Brandon Williams, Donna Gottschalk, Donna Gottschalk’s “, Duchess, Galerie Marcelle Alix, goddamn, Coco Romack Michael R, Aaron Kinney, Nova, “ I’m, Bob Damron’s, Sgt, Shirley, Waldorf, Harold’s, Jean ] Genet, Marcel, Proust Organizations: Pride, Stonewall, West, America’s, ACT UP, San, Playwrights Horizons, Odeon, New York’s TriBeCa, Electric, Getty, Police, Billy, New York Live Arts, Keith Haring Foundation, BAM Hamm, Liberation, Brooklyn Liberation, Brooklyn Museum, Fort, New York’s, New York’s Eugene O’Neill Theatre, Broadway, Equity, LGBT Community Center, Fulbright, Mudd, New, Bisexual, Transgender Community, Center, Transgender Community Center, “, Maxwell, Museum School, Farmers, Seattle, Boston Globe, Travel, New York Times, Rancho Mirage, Gay, Caesar’s, FEMA, Yale, York’s Webster Hall, Masters, Records, Pyramid, Work, ACT, Carpenters, Seymour, Edinburgh, Atlanta —, Ninja, Huntington, New York, Lesbian, Equal, Billy Rose Theatre Division, The New York Public Library, The New York Times, USA, Children’s Hospital of Los, MoMA, Whitney Biennial, University of Nebraska, Alamy, HarperCollins, of Engineering, Google, Division, Astor, Tilden Foundations, Pershing, University of Southern, Pershing Square Locations: New York, Berlin, “, America, San Francisco, Baltimore, New York’s, New York City, California, Atlanta, Europe, Wayne County, Dortmund, Germany, London, Amsterdam, Rotterdam, Rockland County, N.Y, ’, I’m, Brooklyn, West Dakota, Fort Greene, New, Leonard Fink’s “ Bars, Street, Rome, —, Aspen, Colo, Copenhagen, Danish, Peru, Los Angeles, Agnes Denes’s “ Wheatfield, Downtown Manhattan, North Moore, TriBeCa, Hoboken, N.J, Lower Manhattan, Manhattan, Boston, Williamsburg , Brooklyn, Vinnie’s, Bedford, Austin , Texas, Copley, Menton, Asian American, York, New Orleans, Houston, Los Angeles’s, L.A, Hong Kong, Seoul, Casa, Koreatown, Minneapolis, Grindr, East, India, Wigstock, Tompkins, Vershire, Chee, Iowa, Huntington Beach, Chelsea, Barneys, Madison, Miami, New York State, Washington, The, LA, Silver Lake, Missouri, Children’s Hospital of Los Angeles, Zurich, Central, American, Westlake, Los Angeles and New York, Lincoln, Alphabet City , New York, Lenox, United States, University of Southern California, Downtown Los Angeles

☆ Forget Prince William's dancing — Jason Kelce says Princess Charlotte was the highlight of Taylor Swift's Eras Tour
▼ + stars: | 2024-06-26 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +4 min

Read previewJason Kelce has a new favorite royal: Princess Charlotte. At one of the performances, they met three of the most famous people to ever come to a Swift show: Prince William, Prince George, and Princess Charlotte. Prince William brought his kids to the Eras TourWilliam attended the concert on Friday with George, 10, and Charlotte, 9. Princess Charlotte left an impressionJason said that meeting Princess Charlotte, who was grinning from ear to ear in her photos with Swift, was "the highlight" of his interaction with the royals. "I gotta say, Prince William was fantastic, but the highlight was Princess Charlotte," Jason said.

Persons: —, Jason Kelce, Princess Charlotte, Taylor Swift, Swift, Travis Kelce, Travis, Jason, Kylie Kelce's, Prince William, Prince George, Princess Charlotte . Prince William, William, George, Kate Middleton, Prince Louis, Prince of Wales, Kylie, I've, Charlotte, Wyatt, Bennett Organizations: Service, Wembley, London Authority, Business, London Locations: London, Charlotte, American

☆ Hightower's Stephanie Link is bullish on Amazon's super-charged comeback
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHightower's Stephanie Link is bullish on Amazon's super-charged comebackCNBC's Kate Rooney and Stephanie Link, Hightower Advisors, joins 'Closing Bell' to discuss Amazon's stock resurgence and the broader markets.

Persons: Stephanie Link, Kate Rooney Organizations: Hightower Advisors

☆ Richard: Energy transition metals are experiencing more demand than supply
▼ + stars: | 2024-06-26 | 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 EmailRichard: Energy transition metals are experiencing more demand than supplyKate Richard, Founder and CEO of Warwick Investment Group, discusses the energy transition and the current supply-demand ratio in the metals market.

Persons: Kate Richard Organizations: Richard, Warwick Investment Group

☆ Watch CNBC’s full interview with Hightower's Stephanie Link, Invesco’s Brian Levitt and HSBC’s Max Kettner
▼ + stars: | 2024-06-26 | 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 EmailWatch CNBC’s full interview with Hightower's Stephanie Link, Invesco’s Brian Levitt and HSBC’s Max KettnerCNBC's Kate Rooney, Hightower's Stephanie Link, Invesco’s Brian Levitt and HSBC’s Max Kettner, join 'Closing Bell' to discuss Amazon's stock resurgence and the broader markets.

Persons: Hightower's Stephanie Link, Invesco’s Brian Levitt, HSBC’s Max Kettner CNBC's Kate Rooney, HSBC’s Max Kettner

In that debate, Trump repeatedly attacked Biden and consistently spoke over him, as well as antagonized the moderators. Leading up to debate week, Trump has downplayed the importance of preparation. “It’s very hard to prepare,” Trump told the Washington Examiner. This room is a sterile, dead room, which is I guess what they want,” Trump told the Examiner. “I assume he’s going to be somebody that will be a worthy debater,” Trump told the “The All-In” podcast.

Persons: CNN —, Donald Trump’s, Trump, ” Trump, Jason Miller, Joe Biden’s, Biden, ”, Mike Waltz, “, I’m, Trump’s, Chris LaCivita, —, “ You’ve, ‘, we’d, Ohio Sen, JD Vance, Doug Burgum, ” Burgum, ” Miller, Joe Biden Organizations: CNN, ” Trump, “ CNN News Central, Washington Examiner, Trump, Republican National Convention, Camp, David, Ohio, North Dakota Gov, Union, Biden Locations: Mexico, Ukraine, Israel, Virginia, Philadelphia, Trump, “ State

☆ IRS watchdog pushes for transparency on pandemic-era small business tax credit backlog
▼ + stars: | 2024-06-26 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Erin Collins, national taxpayer advocate at the Taxpayer Advocate Service, speaks at a Senate Appropriations subcommittee hearing in Washington, D.C., on May 19, 2021. Many taxpayers are experiencing "long delays and uncertainty" amid a backlog of roughly 1.4 million pandemic-era small business tax credit claims, according to the National Taxpayer Advocate. "It’s time for the IRS to be transparent on how and when it plans to move forward addressing these ERC claims," she wrote. Some 85% of pending ERC claims are more than 120 days old. "The IRS is between the proverbial rock and a hard place when it comes to ERC claims," Collins said in a statement.

Persons: Erin Collins, Collins Organizations: Taxpayer Advocate Service, Washington , D.C, National Taxpayer, ERC, IRS, Finance Locations: Washington ,, U.S

☆ In South Carolina, 3 G.O.P. Senators Fought an Abortion Ban. They Lost Their Races.
▼ + stars: | 2024-06-26 | by ( Kate Zernike | ) www.nytimes.com time to read: +1 min

Last year, the five self-proclaimed “Sister Senators” from South Carolina were awarded the John F. Kennedy Profile in Courage Award after they joined together across party lines to block the legislature from passing a near-total abortion ban. But a prize from the nation’s most storied Democratic family may not be the best calling card in Republican primaries in the red-state South. All three of the Republican women in the group of five — the others were a Democrat and an independent — faced primary challenges, and all three have now lost. State Senator Katrina Shealy, who was the only female member of the chamber after she won in 2012, failed to win a runoff on Tuesday against the son of a former legislator. The two others lost earlier this month: Penry Gustafson lost by a 64 point margin; Sandy Senn lost by 33 votes, small enough to trigger a recount, but conceded the race before that.

Persons: “, John F, Katrina Shealy, Penry Gustafson, Sandy Senn Organizations: Kennedy, Republican, Democrat Locations: South Carolina

☆ Who Was Harriet Tubman? A Historian Sifts the Clues.
▼ + stars: | 2024-06-26 | by ( Jennifer Szalai | ) www.nytimes.com time to read: +2 min

“Where others saw shut doors and unscalable brick walls, she dreamed into being tunnels and ladders,” the historian Tiya Miles writes in “Night Flyer,” a short biography of Tubman that is the first in a new series, called Significations and edited by Henry Louis Gates Jr., about notable Black figures. For decades after her death in 1913, Tubman’s extraordinary life was mostly relegated to books for children and young adults. Thorough, probing biographies by the historians Catherine Clinton and Kate Clifford Larson were published two decades ago. More recently, Tubman was the subject of a Hollywood biopic and “She Came to Slay,” an illustrated volume by the historian Erica Armstrong Dunbar, featuring a drawing of a pistol-toting Tubman on the cover. Perhaps inevitably, all the pop-cultural attention has been double-edged, commemorating Tubman’s formidable accomplishments while also making it harder to discern who she actually was.

Persons: Harriet Tubman, Tiya Miles Harriet Tubman, —, Tubman, Mason, Dixon, Tubman’s, Tiya Miles, Henry Louis Gates Jr, Catherine Clinton, Kate Clifford Larson, Erica Armstrong Dunbar, toting Tubman, Miles, Tubman “, “ resizes Tubman Organizations: Underground Railroad Locations: Canada, Chesapeake, Maryland, Pennsylvania

☆ Great savers could face a 'tax time bomb' in retirement, advisor says — here's how to avoid it
▼ + stars: | 2024-06-25 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

If you're nearing retirement with a large pre-tax 401(k) plan or individual retirement account balance, you need a plan for managing future levies, financial experts say. Great savers could face a "tax time bomb" in retirement when required withdrawals kick in, said certified financial planner Scott Bishop, partner and managing director of Presidio Wealth Partners in Houston. RMDs are typically tied to pre-tax retirement accounts, which incur regular income taxes for withdrawals. Those RMDs could push some retirees into a higher tax bracket, according to Bishop, who is also a certified public accountant. Those lower rates are scheduled to sunset after 2025 without an extension from Congress.

Persons: Scott Bishop, Joe Biden Organizations: Presidio Wealth Partners, Finance Locations: Houston

☆ At Least 11 Americans Among Those Dead in Hajj Pilgrimage to Saudi Arabia
▼ + stars: | 2024-06-25 | by ( Jacey Fortin | Kate Selig | ) www.nytimes.com time to read: 1 min

At least 11 Americans were among those who died while making the Islamic pilgrimage of hajj to Saudi Arabia this month in searing temperatures, the U.S. State Department said on Tuesday, adding that it was possible that more deaths could be confirmed in the coming days. The daughter, Saida Wurie, said she and her brothers had not yet been told where their parents, Isatu and Alieu Wurie, had been buried. She says she plans to travel to Saudi Arabia as soon as she learns where they are. “Losing a loved one is hard,” she said on Tuesday. “But then not being able to bury them is just an indescribable feeling.”

Persons: Saida Wurie, Alieu Wurie, ” Organizations: U.S . State Department Locations: Saudi Arabia, Maryland

Morsa Images | Digitalvision | Getty ImagesIt's no secret that many college graduates are struggling with student loan debt. Nearly 1 in 5 student loan borrowers in the U.S. — or 19% — say they are hiding their loan balance from their partner, according to a new report from NerdWallet . Shame, guilt, depression and anxiety swirling the topic of student debt can lead borrowers to keep the details of their loans secret, therapists say. If your significant other doesn't also have outstanding student debt, the topic can feel especially taboo, he added. Student debt can make it harder to buy a house, start a family and save for the future, research shows.

Persons: Traci Williams, Clay Cockrell, Cockrell, Kate Wood, Wood, you've Organizations: Getty, Harris Poll, Finance Locations: U.S, NerdWallet, East Point , Georgia, New York

☆ Gaza population at risk of famine as it continues to face emergency levels of hunger, report finds
▼ + stars: | 2024-06-25 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +6 min

“A high risk of famine persists across the whole of the Gaza Strip as long as conflict continues and humanitarian access is restricted,” the report said. The Rafah crossing – a key transitway for humanitarian aid to Gaza – has been closed since early May, and only a handful of other land crossings remain open. Humanitarian aid workers continue to face tremendous risks to try to distribute the desperately needed aid to Gaza. “The humanitarian space in the Gaza Strip continues to shrink and the ability to safely deliver assistance to populations is dwindling,” the report said. “The humanitarian situation is deteriorating rapidly, and the specter of famine continues to hang over Gaza,” Phillips-Barrasso told CNN.

Persons: “, Gaza –, Netanyahu, Joe Biden, Israel, Matthew Miller, dory, it’s, ”, Cindy McCain, “ There’s, It’s, Kate Phillips, ” Phillips, Barrasso, Philippe Lazzarini Organizations: CNN, Hamas, Integrated, IPC, ”, Food, Mercy Corps, “, UNRWA Locations: Gaza, Israel, Rafah, United States

☆ 401(k) plan savings rates are at record-high levels — here's where your target should be
▼ + stars: | 2024-06-24 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

The average 401(k) savings rate — including employee deferrals and company contributions — has maintained historic levels as plan designs make it easier for workers to set money aside. In 2023, the average combined savings rate was an estimated 11.7%, which matched a record high from 2022, according to Vanguard's yearly analysis of more than 1,500 qualified plans and nearly 5 million participants. A separate Fidelity report also found record savings with a combined rate of 14.2% for the first quarter of 2024. And 43% of employees increased their savings rate that year, Vanguard reported. In 2023, an estimated 14% of participants hit the 401(k) deferral limit, which was $22,500 for savers under age 50, Vanguard found.

Persons: deferrals, —, Dave Stinnett Organizations: Vanguard, Finance

☆ 'Materially undervalued': This global retailer's stock could rise 115%, analyst says
▼ + stars: | 2024-06-24 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

The bank's analyst labeled the London-listed stock as "materially undervalued" as the company announced the resumption of dividends earlier this month after a five-year hiatus. Investec raised its price target to £2 ($2.53) a share, which points to a 116% upside potential. However, earlier this month, Card Factory said its 2024 fiscal year showed improved profitability, with the company expecting normal growth rates to return. UBS predicts Card Factory will earn £65 million in the next financial year, with sales running up to about £535 million. The investment bank raised its price target to £1.16 a share, indicating a 26% upside potential, but also maintained its "neutral" rating.

Persons: Kate Calvert, Investec, Saranja Sivachelvam, Sivachelvam Organizations: Factory, Card Factory, Investment, UBS, Card Locations: London, U.S, England, Calvert

☆ Abortion Debate Shifts as Election Nears: ‘Now It’s About Pregnancy’
▼ + stars: | 2024-06-24 | by ( Kate Zernike | ) www.nytimes.com time to read: +1 min

In the decades that Roe v. Wade was the law of the land, abortion rights groups tried to shore up support for it by declaring “Abortion Is Health Care.”Only now, two years after the Supreme Court eliminated the constitutional right to abortion, and just six months before the presidential election, has the slogan taken on the force of reality. The public conversation about abortion has grown into one about the complexities of pregnancy and reproduction, as the consequences of bans have played out in the news. The question is no longer just whether you can get an abortion, but also, Can you get one if pregnancy complications put you in septic shock? That shift helps explain why a record percentage of Americans are now declaring themselves single-issue voters on abortion rights — especially among Black voters, Democrats, women and those ages 18 to 29. Republican women are increasingly saying their party’s opposition to abortion is too extreme, and Democrats are running on the issue after years of running away from it.

Persons: Roe, Wade Organizations: Health, Black

☆ Our contributors rewatched the 2020 Biden-Trump debates for clues. Here’s what they predict will happen Thursday
▼ + stars: | 2024-06-24 | by ( Cnn Opinion | ) edition.cnn.com time to read: +27 min

Kate Bedingfield served as White House communications director in the Biden administration and was the deputy campaign manager on Biden’s 2020 presidential campaign. That contentious exchange during the 2020 debate put Biden on the defensive. A President Trump might make their decisions about retirement that much easier. David Urban, a CNN political commentator, served as an adviser to then-President Trump’s 2020 re-election campaign. On Thursday, President Biden needs to do it again.

Persons: isn’t, Joe Biden’s, Donald Trump’s, —, Stephanie Griffith, Scott Jennings, Trump, Donald Trump, Joe Biden, Biden, counterpunched Biden, CNN Trump masterfully, ” Scott Jennings Trump, mightily, George W, Bush, Sen, Mitch McConnell, Sophia A, Nelson Stephanie Honikel, Chris Wallace, Wallace, Trump’s, it’s, Nelson, It’s, Kate Bedingfield, Donald Trump Kate Bedingfield, Shermichael Singleton, Bill Clinton’s, James Carville, “, Democratic Barack Obama, they're, aren’t, “ It’s, David Axelrod, people’s, ” Biden, jibing Trump, ”, Barack Obama, Obama, David Urban, Amy Coney Barrett, Amy Coney Barrett's, Roe, Wade, Ronald Reagan, Bill Clinton, Reagan, Clinton, ” David Urban, Dobbs, Lady Jill Biden, Samuel Alito, Clarence Thomas, Bakari Sellers, Abraham Lincoln, chokeholds, Emmett Till, HBCUs ? Biden, Hilary Krieger Organizations: CNN, White, Biden, Scott Jennings CNN, Trump, Democratic, Republican, RunSwitch Public Relations, Capitol, GOP, Republican Government Reform, White House, NBC, Marist, Fox News, Global, Senate, United, Appeals, Federalist Society, American, United State Supreme Court, National Guard, South Carolina House of, Strom Law, CNN Opinion’s Locations: Cleveland , Ohio, Nashville , Tennessee, New York, Louisville , Kentucky, Charlottesville , Virginia, “, White, Charlottesville, Michigan, Scranton, Claymont, America, United States, Pennsylvania, HBCUs

☆ AI helped crack COVID, and now 83% of Moderna employees use ChatGPT daily, says chief brand officer Kate Cronin
▼ + stars: | 2024-06-24 | by ( Julia Hood | ) www.businessinsider.com time to read: 1 min

Link icon An image of a chain link. It symobilizes a website link url. Link icon An image of a chain link. Copy LinkTwitter LinkedIn icon LinkedIn Link icon An image of a chain link. Twitter LinkedIn icon LinkedIn Link icon An image of a chain link.

☆ U.S.Heat Wave Enters 7th Day, but End Is in Sight: Updates and News
▼ + stars: | 2024-06-23 | by ( Kate Selig | ) www.nytimes.com time to read: +2 min

The end of the unusually early heat wave that gripped much of the United States over the past seven days is in sight. Baltimore reached 101 degrees, breaking the daily high temperature record of 100 degrees, set in 1988. And in Dulles, Va., the temperature reached 100 degrees, breaking the previous record of 99 degrees, also set in 1988. The National Weather Service warned that the heat wave could be the longest experienced in decades for some locations. The health consequences of this heat wave are starting to show up in the data.

Organizations: National Weather Service, Washington , D.C, Baltimore, Centers for Disease Control Locations: United States, States, East Coast, Washington ,, New York, Dulles, Va, New England, Ohio, Detroit, Chicago

☆ Heat Wave Enters 7th Day, but the End Is in Sight
▼ + stars: | 2024-06-23 | by ( Kate Selig | ) www.nytimes.com time to read: 1 min

The end of the unusually early heat wave that gripped much of the United States over the past seven days is in sight. But first, the country will need to endure another day, possibly two, of scorching hot temperatures in the Mid-Atlantic States and along the I-95 urban corridor on the East Coast. The National Weather Service predicts that the heat wave, which has more than 100 million people under heat advisory alerts, will last through early this upcoming week. The Mid-Atlantic States and cities along the I-95 urban corridor, from Washington, D.C., to New York, will continue to simmer through Sunday. Heat advisories have been issued for areas east of the Blue Ridge Mountains, where the heat index — a measure of how the heat feels with humidity taken into account — is forecast to range between 100 and 108 degrees.

Organizations: National Weather Service, Washington , D.C Locations: United States, States, East Coast, Washington ,, New York

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