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☆ EV sales have hit a speed bump. Using AI to improve their batteries could get more people back in the driving seat.
▼ + stars: | 2024-06-29 | by ( Tom Carter | ) www.businessinsider.com time to read: +6 min

Chemix is using machine-learning algorithms to develop EV batteries that can charge more quickly, hold more energy, and last longer than current EV power units. Koeller said the primary advantage of using AI to design EV batteries is that it dramatically speeds up the process. Better EV batteriesDesigning EV batteries is a three-step process, Georgia Tech assistant professor Micah Ziegler told BI. The solid-state electrolyte they discovered relies less on lithium, an increasingly rare resource that forms the core of today's EV batteries. Mueller said that PNNL's collaboration with Microsoft has convinced him that generative AI could have applications far beyond speeding up EV battery design.

Persons: —, Jason Koeller, Koeller, Micah Ziegler, Ziegler, Karl Mueller, Mueller, it's Organizations: Service, Business, EV, Georgia Tech, BI, Pacific Northwest National Laboratory, Microsoft Locations: California

☆ Euro 2024: Our ranking of all the games in Germany this summer
▼ + stars: | 2024-06-29 | by ( Ahmed Walid | ) www.nytimes.com time to read: +35 min

AdvertisementThis was Belgium at their finest, and Romania raised the level of their game in the second half to try to equalise. If Austria wanted to have any chance of qualifying to the round of 16 they had to beat Poland in their second group game. The wide areas were where Ukraine focused their attacks, and Oleksandr Zinchenko’s square pass to Mykola Shaparenko made it 1-1 in the second half. However, Samet Akaydin and Altay Bayindir’s mishap on the second goal decreased Turkey’s probability of a comeback. More off-ball runs in the second half led to the third, and by then the match was done and dusted.

Persons: Muldur, Arda Guler, Georges Mikautadze, Khvicha, Giorgi Mamardashvili, Kerem Akturkoglu, Ronald Koeman’s, Romano Schmid, Austria, Cody Gakpo’s, Memphis Depay, Marcel Sabitzer, Merih Demiral, Ralf Rangnick’s, Vincenzo Montella’s, Michael Gregoritsch, Alexander Prass, Christoph Baumgartner, Mert Gunok, Kvaratskhelia, Jasir Asani’s, Zlatko Dalic’s, Mario Pasalic, Luka Sucic, Marcelo Brozovic, Majer, Luka Modric, Mateo Kovacic, Ante Budimir, Andrej Kramaric, Klaus Gjasula’s, Albania’s, Dan Mullan, Gianluigi, Italy weren’t, Nico Williams, Giovanni Di Lorenzo, Kevin C, Cox, Jeremy Doku, Ivan Schranz, Kevin De Bruyne, Romelu Lukaku, Leandro Trossard, Stanislav Lobotka, Juraj Kucka, Ondrej Duda, Martin Dubravka’s, David Hancko’s, Stu Forster, Zan Karnicnik’s, Jan Oblak’s, Luka, Patrik Schick, Ondrej Lingr’s, Ivan Hasek’s, Giorgi Chakvetadze, Saba Lobjanidze, Julian Nagelsmann, Germany didn’t, —, Murat Yakin’s, Dan Ndoye, Manuel Akanji, Fabian Schar, David Raum, Christina Pahnke –, Romania Domenico Tedesco’s, Youri Tielemans, Timothy Castagne, De Bruyne, Luciano Spalletti’s, Mattia Zaccagni, Kasper Schmeichel, Rasmus Hojlund, Manuel Neuer, Joachim Andersen, Kai Havertz, Jamal Musiala, Ricardo Rodriguez, Schar, Akanji, Gianluca Scamacca, Remo Freuler’s, Ruben Vargas, RONNY HARTMANN, Gareth Southgate’s, Milan Skriniar, Denis Vavro, Lobotka, Francesco Calzona’s, David Strelec, Jude, Harry Kane, Peter Pekarik, Michel Aebischer, Aebischer, Kwadwo Duah, Hungary’s, Dominik Szoboszlai, Roland Sallai, Willi, Adam Buksa, Nathan Ake’s, Alex Livesey, Bull, Rangnick’s, Baumgartner, Marko Arnautovic, Nicolae Stanciu, Razvan Marin, Denis Dragus, Shaun Botterill, Neuer, Robert Andrich, Jonathan Tah, Antonio Rudiger, Ilkay, Steven Bergwijn, Xavi Simons, Netherlands ’, Stefan de Vrij, Virgil van Dijk, Fabian Ruiz, Rodri, Fabian, Lukas Haraslin, Hancko, Andriy Yarmolenko, Mykhailo Mudryk —, Oleksandr, Mykola Shaparenko, Shaparenko, Denmark Christian Eriksen, Jonas Wind, Eriksen, Benjamin Sesko’s, Kasper Hjulmand’s, Erik Janza’s, Carl Recine, Antonin Barak’s, Tomas Soucek —, Hungary’s Barnabas Varga, Kevin Csoboth, De Bruyne’s, N’Golo, Aurelien Tchouameni, Didier Deschamps ’, — Theo Hernandez, Jules Kounde —, Francisco Conceicao’s, Ruben Dias, Gabriel Bouys, Croatia hadn’t, Unai Simon, Nicolo Barella, Alessandro Bastoni, Rey Manaj, Havertz, Florian Wirtz, Musiala, Ryan Porteous, Scott McTominay, Tony Ralston’s, Xherdan, Kose, Bernardo Silva’s, Samet, Cristiano Ronaldo, Sesko, Diogo Costa’s, Torsten Silz, Alexander Bah, Ruslan Malinovskyi, Kylian, Ousmane Dembele, Deschamps ’, England’s, Pierre, Emile Hojbjerg, Morten Hjulmand, Marc Guehi’s, Alex Grimm, Maximilian Wober, Spain Luis de la, Dani Olmo, Ferran Torres, Marvin, Let’s, Mark Carey, Michael Cox, Michael Regan – Organizations: Golden, Memphis, UEFA Nations League, Albania, Spain, Italy, Getty, Georgia, Hungary, Croatia, Real Madrid, Denmark, Milan, Bologna, Poland, olimpico, Dumfries, Georgia openign, Valencia, Ukraine, Manchester United, Portugal, …, Turkey, B, Slovenia AET, Danish, England, Calzona, Serbia, Michael Regan – UEFA, UEFA Locations: Turkey, Georgia, Kerem, Netherlands, Austria, France, Poland, Portugal, Croatia, Italy, Albania, Pasalic, Gjasula, Spain, Gianluigi Donnarumma, Belgium, Slovakia, Doku, Slovenia, Serbia, Republic, Czech Republic, Switzerland, Germany, Romania, Youri, Modric, Denmark, England, Hungary, Dumfries, Ukraine, Ilkay Gundogan, Gakpo, AFP, Scotland, Samet Akaydin, Altay, Romanian

Rights groups are furious the Taliban meeting is going ahead without Afghan women, and say it legitimizes Afghanistan’s leaders and fails to hold them to account for grave injustices. Whatever we had, we spent it,” Arzo’s brother Ahamad, a 27-year-old journalist under threat from the Taliban due to his occupation, told CNN in November. Arzo told CNN what drove her suicide attempt. Pakistan’s policy on “illegal foreigners” is no different to that of other nations, Pakistani Ministry of Foreign Affairs spokeswoman Mumtaz Zahra Baloch told CNN. CNNArzo doesn’t want a life like that for herself, her sister, or the women and girls still in Afghanistan.

Persons: ”, Arzo, Javed Iqbal, ” Richard Bennett, Zabihullah Mujahid, “, Richard Bennett, weren’t, – they’ll, They’re, Mahsa, Ahamad, Doctors, Arzo’s, CNN Arzo hadn’t, ” Mahsa, they’ve, can’t, Moniza Kakar, Rain, Kakar, Abbas, Mumtaz Zahra Baloch, Baloch, hadn’t, ” Amanullah, He’s, Amanullah, he’s, CNN Arzo, Heather Barr, ” Barr, “ It’s, Bennett, she’ll, “ I’m Organizations: CNN, Lifeline, International Association for Suicide Prevention, Befrienders Worldwide, Pakistan CNN —, United Nations, Human Rights, UN, Security, “ ACC ”, Afghan, ACC, Pakistani Ministry of Foreign, “, Taliban, Human Rights Watch, International Court of Justice, Criminal Court, ICC Locations: Karachi, Pakistan, Pakistani, Afghanistan, CNN Pakistan, Doha, Qatar, Afghan, Kabul, Islamabad, –, Soviet, ”, Canada, Israel, Gaza

Then, in 2008, the California Supreme Court legalized same-sex marriage, and we were legally married in our home state. Prop 8 passed in November 2008, making same-sex marriage once again illegal in California. In 2015, the U.S. Supreme Court legalized same-sex marriage nationally, and that's when my wife and I started to truly reap the benefits of marriage. Owning property togetherWhen we bought our condo in 2004, we weren't legally married, so we couldn't just let the title company take care of the deed. Freedom from financial fearAfter the decision to legalize same-sex marriage in 2015, I felt like a full citizen for the first time.

Persons: —, It's, that's, doesn't Organizations: Service, California Supreme, U.S, Supreme, Social Security Locations: California

☆ Gen X says they'll need more than $1.5 million to retire comfortably—but most have less than 5% of that saved
▼ + stars: | 2024-06-29 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

For Gen Xers in their 40s and 50s, retirement may be right around the corner. On average, Gen Xers believe they will need around $1.56 million to retire comfortably, according to Northwestern Mutual's 2024 Planning and Progress study. Retirement saving obstaclesA few factors have prevented members of Gen X from setting aside more money for retirement. "When Gen Xers started working, they had to choose whether they wanted to enroll in their company's 401(k) plan," she tells CNBC Make It. How Gen Xers can boost their retirement savings

Persons: Xers, Gen Xers, that's, Gen, Gen Zers, Anne Lester Organizations: Allianz Life, CNBC, Fidelity Investments Locations: Northwestern

☆ Gen Zers and millennials are willing to go on summer vacation at all costs. Literally.
▼ + stars: | 2024-06-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how young people are booking their summer vacations , finances be damned. AdvertisementSurveys from Credit Karma, Bankrate, and Bank of America show Gen Zers and millennials are willing to go on summer vacation at all costs… literally. Almost half of millennials surveyed (47%) were willing to take on debt to fund their travel plans, with Gen Z not far behind (42%). AdvertisementAlmost a quarter of young people surveyed by Credit Karma expected to rack up $2,000 in debt this summer. And about 10% of that group were willing to push it even further, surpassing $4,000 in summer debt.

Persons: —, Joe Biden's, Donald Trump, Rebecca Zisser, John Towfighi, Zers, millennials, Gen, it's, you'll, Credit Karma, Klaus Vedfelt, That's, Rob Chisholm, Alyssa Powell, he's, Joseph Stiglitz, Trump, Stiglitz, Justin Sullivan, Chelsea Jia Feng, ChatGPT, Mark Zuckerberg, Sundar Pichai, — livestreaming, Twitch's Dan Clancy, Tyler Le, Gigi, Sackler, Ebrahim Raisi, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Biden, Business, Credit, Bank of America, Getty, SEC, Purdue Pharma, Dua Lipa, Coldplay Locations: Amalfi, Vegas, ., Glastonbury, New York, London

☆ What to know about the massive car dealership outage
▼ + stars: | 2024-06-28 | by ( Ramishah Maruf | Eva Rothenberg | ) edition.cnn.com time to read: +8 min

Here’s what you need to know about the massive software outage. Its systems are used by roughly 15,000 car dealerships across the United States and Canada. Under normal circumstances, the CDK software allows the dealership to register a vehicle almost instantaneously, but now the process faces heavy delays. It said it was able to bring a “small initial test group” of car dealerships back online. But the next morning, the company told dealerships another incident had happened.

Persons: CDK, aren’t, they’ve, Scott Campbell, CNN they’ve, Don Aycock, “, ”, Robbie Jacob, Jacob, Michael Deveney, Katelyn Salvato, hasn’t, Salvato, …, Callahan, We’ve, ” Callahan, it’s, Lisa Finney, ” Finney, ” Eric Noonan, John Dwyer, “ There’s, ” Noonan, Ryan Callahan, Tom McParland, McParland Organizations: New, New York CNN, Auto, CNN, Capital City Buick GMC, Buick, Diego —, Kia, Midway Automotive, Massachusetts, of Motor Vehicles, Pride Motor Group, “, DMV, Bloomberg, Binary Defense, Mazda, Automatch Consulting Locations: New York, North America, United States, Canada, Berlin , Vermont, Clay County , Florida, Diego, Lynn , Massachusetts, Eastern Europe, Seekonk , Massachusetts

☆ 5 money management tips to ensure your funds keep growing
▼ + stars: | 2024-06-28 | by ( Sponsor Post | Sponsored Apple Card | ) www.businessinsider.com time to read: +7 min

Opening a high-yield savings account can be a game-changerWhile 68% of Americans have a standard savings account, according to Forbes, fewer take advantage of high-yield accounts that offer better returns. Although you can choose to receive a physical titanium Apple Card, it's also automatically built into Apple Wallet on iPhone. 3 To access Savings, Apple Card Owners and Co-Owners must open a Savings account. To access and use all Apple Card features and products available only to Apple Card users, you must add Apple Card to Wallet on an iPhone or iPad that supports and has the latest version of iOS or iPadOS. If you reside in the U.S. territories, please call Goldman Sachs at 877-255-5923 with questions about Apple Card.

Persons: it's, Cash, Goldman Sachs Organizations: Economic, Forbes, Apple, Apple Pay, Insider Studios, Apple Card, Savings, Goldman Sachs Bank, Branch, Member FDIC, Daily, Apple Cash Card, Minor Outlying, Merchant, Nike Locations: Salt Lake, American Samoa, Guam, Northern Mariana Islands, United States, U.S

☆ She Needed an Emergency Abortion. Doctors in Idaho Put Her on a Plane.
▼ + stars: | 2024-06-28 | by ( Kate Zernike | ) www.nytimes.com time to read: +1 min

Nicole Miller had gone to the emergency room in Boise, Idaho, after waking up with heavy bleeding in her 20th week of pregnancy. By afternoon, she was still leaking amniotic fluid and hemorrhaging and, now in a panic, struggling to understand why the doctor was telling her that she needed to leave the state to be treated. “If I need saving, you’re not going to help me?” she recalls asking. “I just need to stay alive so I can be around for my two other kids,” nurses reported her saying as she arrived at the hospital in Salt Lake City, 14 hours after she had arrived in the emergency room back home. Only when she woke up the next morning did she understand, because a nurse told her, that she was airlifted so she could have an abortion.

Persons: Nicole Miller, you’re, ”, Miller, “ Organizations: Boise Medical Locations: Boise , Idaho, St, Boise, Utah, Salt Lake City

☆ The average household would need to save for 36 years to afford a typical home in LA. Here's how 50 US markets compare.
▼ + stars: | 2024-06-28 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

A median-income household must make a $128,000 down payment to comfortably afford a typical US home. It takes about 12 years to save that, rising to 36 years for a down payment in pricey Los Angeles. We've used Zillow data to rank 50 major metro areas by the number of years of saving needed. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Zillow found the typical Pittsburgh home only costs about $217,000, meaning a median-income household could take out a mortgage with zero money down and still afford the monthly payments.

Persons: We've, —, Zillow Organizations: Service, Business Locations: Los Angeles, Pittsburgh

☆ Student loan payments go on pause for millions of borrowers
▼ + stars: | 2024-06-28 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

The Biden administration is pausing student loan payments for about three million borrowers who are enrolled in its new repayment plan as it defends the program in court against Republican-backed lawsuits. The preliminary injunctions are a result of lawsuits filed earlier this year by Republican-led states, including Florida, Arkansas and Missouri. The states argued that the Biden administration was overstepping its authority and trying to find a roundabout way to forgive student debt after the Supreme Court blocked its sweeping plan last year. Under the SAVE plan, many borrowers pay just 5% of their discretionary income toward their debt each month, and its guidelines state anyone making $32,800 or less has a $0 monthly payment. It also expedited the timeline after which many borrowers receive the full cancellation of their debt.

Persons: Joe Biden, Education Miguel Cardona, Biden, Joe Biden's Organizations: Education, White, Republican, Valuable Education, U.S . Department of Education, CNBC, Finance, Social Security Workers, SAVE Locations: Washington, Kansas, Missouri, Florida , Arkansas

☆ Step into the daily lives of Canyon Coffee's cofounders. Here's how they balance business, family, and finances.
▼ + stars: | 2024-06-28 | by ( Sponsor Post | Sponsored Apple Card | ) www.businessinsider.com time to read: +10 min

4 You can choose to direct Daily Cash to a Savings account or to an Apple Cash card. By opening a Savings account, Apple Card Owners and Co-Owners are affirmatively electing to have all future Daily Cash automatically deposited into their respective Savings account. Daily Cash may not be divided between Apple Cash Card and Savings accounts. To access and use all Apple Card features and products available only to Apple Card users, you must add Apple Card to Wallet on an iPhone or iPad that supports and has the latest version of iOS or iPadOS. If you reside in the U.S. territories, please call Goldman Sachs at 877-255-5923 with questions about Apple Card.

Persons: Wojtalewicz, Ally Walsh, Casey, Ally, Casey Wojtalewicz, she'll, they're, Daily Cash, Cash, Goldman Sachs Organizations: Apple, Apple Card, Coffee, Savings, Daily, Insider Studios, Goldman Sachs Bank, Salt Lake City Branch, FDIC, Green Dot Bank, Branch, Member FDIC, Apple Cash Card, Minor Outlying Locations: Los Angeles, Echo Park, LA, Salt Lake City, Daily, Salt Lake, American Samoa, Guam, Northern Mariana Islands, United States, U.S

☆ Thailand is now the Myanmar junta’s favored banking destination as military attacks ramp up, UN expert says
▼ + stars: | 2024-06-27 | by ( Helen Regan | Kocha Olarn | ) edition.cnn.com time to read: +5 min

Hong Kong/Bangkok CNN —International banks are playing a significant role in the Myanmar military junta’s ability to carry out its systematic and deadly assault on its people, a new United Nations-backed report has found. Athit Perawongmetha/ReutersThe Thai connectionSingapore-based entities were Myanmar’s third largest source of weapons and military materials. In 2022, Singapore-based banks facilitated more than 70% of the junta’s purchases passing through the banking system. Looking for other financial institutions, the junta found neighboring Thailand. “Our banking and financial institutions follow banking protocols as any major financial hub.

Persons: Tom Andrews, ” Andrews, Banks, ”, Athit Perawongmetha, “ Organizations: Bangkok CNN — International, United Nations, UN, Administration Council, SAC, “ Banking, Military Junta, States, Karen National Liberation Army, Siam Commercial Bank, CNN, Thailand’s Ministry of Foreign Affairs, Economic Bank Locations: Hong Kong, Bangkok, Myanmar, Singapore, Myawaddy, Thailand, Thai, Siam

☆ How cleanliness can increase your restaurant's bottom line in 5 critical areas
▼ + stars: | 2024-06-27 | by ( Sponsor Post | Sponsored Ecolab | ) www.businessinsider.com time to read: +5 min

When it comes to reviewing a restaurant, cleanliness is one of the most critical concerns for guests. To maximize revenue, restaurant industry businesses should consider a holistic, company-wide approach to advancing a higher level of cleanliness. Employee turnover is reducedIt's no secret that employee churn is a challenge in the restaurant industry, with turnover rates reaching as high as 80%. However, after these seven businesses committed to the Ecolab Science Certified program, 72% of employees said this would "help them stay," further boosting the bottom line. For restaurant industry businesses, cleanliness is essential – it helps improve your online reviews, maintain a better relationship with the Health Department, increase foot traffic, and boost employee retention.

Persons: Ecolab Organizations: Ecolab, Health Department, ESC, Health Department Intelligence, CDC, FDA, Ecolab Science, Insider Studios Locations: Ecolab

☆ Emma Raducanu records ‘meaningful’ first career top-10 win over American Jessica Pegula
▼ + stars: | 2024-06-27 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +3 min

CNN —Former US Open champion Emma Raducanu won her first ever match against a top-10 player on Wednesday, upsetting Jessica Pegula in the round of 16 at the Rothesay International in Eastbourne, England. 5, saving a match point en route to a 4-6 7-6(8) 7-5 victory. Raducanu let a 5-2 lead slip in the final set but broke Pegula’s serve in the next game, before holding her nerve to serve out the match. The 21-year-old had lost her previous seven matches against top-10 opponents, but finally prevailed to delight of the British crowd. Raducanu rallied to force a tie-break, but things were still looking bleak for the Brit when Pegula edged ahead to a 6-5 match point lead.

Persons: Emma Raducanu, Jessica Pegula, Raducanu, Pegula’s, “, ”, Andrew Matthews, Pegula, you’re, Jessica, ” Raducanu, I’m, I’d, Charlie Crowhurst, I’ve, it’s, Daria Kasatkina Organizations: CNN, Former, Rothesay International, WTA, Berlin, Brit, American, Nottingham, Wimbledon Locations: Eastbourne, England, Berlin

☆ 6 signs you'll be a 'late bloomer' in your career — and how to set yourself up for a strong second act
▼ + stars: | 2024-06-27 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +7 min

AdvertisementHe said there's no universal age that makes someone a late bloomer. Instead, he defines late bloomers as "people who start doing incredible things after the point when no one expects it." Sometimes, late bloomers would find a way to use their talents in new ways. "We're always keen to compare the late bloomer with the early bloomer," he said. "But I would compare the late bloomer with the person who dies without doing their thing."

Persons: —, Henry Oliver, Jay, Vera Wang, Malcolm X, Margaret Thatcher, Oliver, Margaret Thatcher's, Frank Lloyd Wright, Katharine Graham, Samuel Johnson, bloomers, wasn't, Matthew Stockman, I'm, Audrey Sutherland, She'd, Angelou, Jack Sotomayor, you've, James Baldwin, everything's, it's, Katharine Graham's, Robert R, McElroy, stabler, We're, bloomer Organizations: Service, Business, Washington, Getty, Washington Post Locations: bloomer, Alaska, California, New York

☆ 6 in 10 Americans are uncomfortable with their emergency savings—but you may need less than you think
▼ + stars: | 2024-06-27 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

Some 6 in 10 U.S. adults say they're uncomfortable with their level of emergency savings, according to a recent survey from Bankrate. Financial planners generally recommend stashing three to six months' worth of living expenses away in an emergency fund. More than half of Americans — 56% — say they have less than three months of expenses saved, including 27% who say they have no emergency savings at all. Why you need emergency savingsWhen it comes to your financial priorities, establishing an emergency fund should be close to the top of your list, which may feel counterintuitive. And when it does, having an emergency fund prevents you from taking money away from your other financial goals.

Persons: Alyson Basso, Greg McBride Organizations: Financial, Hayden Wealth Management, Bankrate Locations: U.S, Bankrate, Middleton , Massachusetts

☆ Luxury-travel advisors are in demand as Gen Z and millennials splurge on stress-free, meaningful vacations
▼ + stars: | 2024-06-27 | by ( Mariette Williams | ) www.businessinsider.com time to read: +8 min

Luxury travelers are not necessarily looking for the best deals but the best way to plan a trip without the hassle. Business Insider talked to three luxury-travel advisors about the industry's growth and how to transition into travel advising. D. Tours TravelAngela Adto Tepper, the owner of AZA Luxury Travel, said that the shift toward luxury travel had increased since the pandemic, with more Americans prioritizing travel. Traveler agents work on commission, getting a percentage of hotel, cruise, or tour costs, which is paid after a trip is over. Travel advisors can also offer complimentary upgrades and have access to experiences that might not be available to the public.

Persons: Gen, —, Gen Z, Diana Hechler, Hechler, Angela Adto Tepper, Tepper, it's, Maurice Smith, Eugene Toriko, Smith Organizations: Service, Travelers, Grand View Research, Agents, Business, AZA, Advisors, Michelin

☆ Judges Upended Biden’s Student Loan Repayment Plan. What Happens Now?
▼ + stars: | 2024-06-26 | by ( Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

President Biden’s new student loan repayment plan was hobbled on Monday after two federal judges in Kansas and Missouri issued separate rulings that temporarily blocked some of the plan’s benefits, leaving questions about its fate. That means the Biden administration cannot reduce borrowers’ monthly bills by as much as half starting July 1, as had been scheduled, and it must pause debt forgiveness to SAVE enrollees. The administration has canceled $5.5 billion in debt for more than 414,000 borrowers through the plan, which opened in August. If you’re among the eight million borrowers making payments through SAVE — the Saving on a Valuable Education plan — you probably have many questions. Here’s what we know so far, though the Education Department has yet to release its official guidance.

Persons: Biden’s, Biden Organizations: Republican, Education Department Locations: Kansas, Missouri

☆ I was a single mom on a budget. I couldn't afford summer camp for my son, but I still made sure he enjoyed his time off school.
▼ + stars: | 2024-06-26 | by ( Ashley Archambault | ) www.businessinsider.com time to read: +5 min

As a single mom, a big reason I became a teacher was so that I would be on the same schedule as my son. I wanted to spend as much time with my son as possible, but I was also on a budget. After the monthly bills, I didn't have a lot of money left over for extracurriculars or expensive trips during our summer breaks. Courtesy Ashley ArchambaultI took friends up on generous offers to give my son summer vacationsIn order to travel a little farther, I looked again to our loved ones. My son got to fly on a plane, go canoeing on the lake, and camp out in a tent.

Persons: Ashley Archambault, graham Organizations: Service, Business Locations: Vermont

☆ Your 401(k) is up, and a new report shows increased savings. But Americans need to do more
▼ + stars: | 2024-06-26 | by ( Bob Pisani | ) www.cnbc.com time to read: +7 min

The bad news: account balances for the median 401(k) of a person approaching retirement (65+) remains very low. Higher returns, participation rates, savings ratesWhy do we care so much about 401(k) plans? Thanks to a change in the law several years ago, a record-high 59% of plans offered automatic enrollment in 401(k) plans. By switching to automatic enrollment, participants were automatically enrolled and had to "opt-out" if they did not want to participate. Plans with automatic enrollment had a 94% participation rate, compared with 67% for voluntary enrollment plans.

Persons: John James Organizations: Vanguard, Fidelity, Social Security, Institutional Investor Group, Social, Security, Pension Rights Center

☆ Biden's new student loan relief plan is on pause. Here's what borrowers need to know
▼ + stars: | 2024-06-26 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

Cody Gude was counting the seconds until July when his monthly student loan payment was scheduled to drop to $100 from $200. But then he saw headlines on Monday that major parts of the Saving on a Valuable Education, or SAVE, plan were on pause. The U.S. Department of Justice is expected to appeal the preliminary injunctions, but for now, millions of student loan borrowers are disappointed and angry that they won't see the relief they expected in just a matter of days. Gude's student loan servicer, Nelnet, already updated his monthly bill to reflect the lower amount. (Under SAVE, many borrowers pay just 5% of their discretionary income toward their debt each month instead of the previous 10% requirement, and millions of borrowers have a $0 monthly payment.)

Persons: Joe Biden, Education Secretary Miguel Cardona, Cody Gude, servicer, Gude Organizations: Education Secretary, White House, Valuable Education, Biden, U.S . Department of Justice, Finance, Social Security Workers Locations: Washington , DC, Tampa , Florida, Kansas, Missouri

☆ Walmart says automating its warehouses will actually give workers longer careers
▼ + stars: | 2024-06-26 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Warehouse work is physically taxing, with employees moving thousands of pounds per day. As Walmart automates distribution centers, new robots and forklifts are lightening the load. CFO John David Rainey says Walmart's labor-saving automation may add a decade to workers' careers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWarehouse work is one of the most physically taxing jobs in the digital age.

Persons: John David Rainey, — Organizations: Walmart, Service, Bank of America's London Investor Conference, Business

☆ Sandy Hook victim's brother is 'shocked' that a letter Trump once sent him turned up in a Mar-a-Lago evidence photo
▼ + stars: | 2024-06-26 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Read previewIn 2018, JT Lewis, whose little brother Jesse died in the Sandy Hook Elementary School shooting, received a signed letter from Donald Trump. AdvertisementThis evidence photo from the Mar-a-Lago classified documents case shows a letter Donald Trump sent in 2018 to the older brother of a Sandy Hook shooting victim. In the letter, Trump thanks Lewis for coming to the White House "for discussions regarding the safety of our schools." AdvertisementThat “Sandy Hook” letter was a letter to me. I lost my brother in the Sandy Hook shooting and president Trump took the time to reach out.

Persons: —, JT Lewis, Jesse, Donald Trump, Jack Smith, Trump, Sandy Hook, Lewis, it's, wxcFGhvDAJ, FM8hDpAonk — JT Lewis, Scarlett Lewis, JT, Scarlett, Jesse McCord Lewis, Victoria Soto Organizations: Service, Elementary, Business, White, DOJ, White House, National School Safety Initiative, JT, Trump Locations: Sandy, Newtown, Rwanda, Parkland , Florida, New Orleans

☆ Shein and Temu use a US tax loophole to keep their prices low. Now, some American brands are, too.
▼ + stars: | 2024-06-26 | by ( Madeline Stone | ) www.businessinsider.com time to read: +7 min

De minimis shipments have also grown more popular with American brands looking to save money in their supply chains. AdvertisementThe startup Portless emulates Shein's model by fulfilling online brands' orders in China and shipping them directly to customers. Even though awareness of de minimis has grown, Section 321 shipments still account for only about 5% of ShipHero's business overall. At the end of May, The Information reported that US Customs and Border Protection had begun cracking down on de minimis shipments, including suspending several brokers from a program called Entry Type 86, designed to speed up de minimis shipments. "The American brands that we service are more profitable and do better prices to their customers."

Persons: —, it's, Portless, Izzy Rosenzweig, Jolie, Evan, Matt Nichols, JADE GAO, minimis, Prince Ghosh, Maggie Barnett, Barnett, Temu, I'm, Rosenzweig Organizations: Service, Business, Commerce Ventures, US, Lawmakers, Chinese Communist Party, Customs, Protection Locations: China, Portless, San Francisco, Canada, Mexico, American, Canada's

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