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☆ Read the pitch deck that personal-shopping startup The Floorr used to raise $1.7 million in funding
▼ + stars: | 2024-09-21 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

Many have personal shoppers, people whose job it is to pull the best purses to take to brunch or jackets to wear on vacation in the Hamptons. "You think about how much power they have" — top personal shoppers can sell up to $5 million a year — "but they have no tools," she said. Not only does this segmentation create a mess for clients, it meant that personal shoppers could lose out on commissions. Along the way, the app collects data — helping personal shoppers and retailers know which products are performing better and the trends that are emerging. The Floorr shared the 12-page pitch deck it used to raise its $1.65 million round.

Persons: —, Lupe Puerta, Porter, Puerta, Bergdorf Goodman, Shopbop, Chloé, Carmen Busquets, Nigora Tokhtabayeva, they've Organizations: Service, Business, Bain, Hamptons, Prada

Read previewNew details about Sean "Diddy" Combs' Miami mansion were uncovered as part of his bond hearing this week. The legal team also noted that Combs satisfied the $18.8 million mortgage on the Star Island home in August, anticipating criminal charges. AdvertisementOther homes on the island go for even more than the $48.5 million Combs' home was appraised at. Comparable sales listed in the appraisal report for Combs' Miami mansion. Besides the Star Island home, he owns a mansion in Los Angeles that he recently put on the market for $61.5 million.

Persons: —, Sean, Diddy, Combs, Marc Agnifilo, Agnifilo, David LEFRANC, Ken Griffin, Griffin, Alex Rodriguez, Gloria, Emilio Estefan, Forbes, Sean John, Andy Warhol, Jean, Michel Basquiat Organizations: Service, feds, Business, Miami, singer's, Research, Miami -, Star, Advanced Research, Bad Boy Records, Cîroc, Diageo, Combs Enterprise, Combs Locations: Miami, Miami - Dade, cabanas, Biscayne Bay, Miami Beach, Los Angeles

☆ Child-free spaces, dirty looks on planes and ‘breeders’: Why people seem so annoyed by kids in public
▼ + stars: | 2024-09-19 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +12 min

CNN —In some corners of society, there appears to be a shift in the way people talk about kids. Every so often, a provocative social media post sets off predictably polarizing discourse about the presence of children in daily life. The implication (joking or otherwise) is that children are a nuisance and adults shouldn’t have to endure them if they don’t want to. The people behind them aren’t part of some organized movement nor are they actually lobbying for the exclusion of children from public spaces. Rather, Berg understands online disdain for kids partly as a performative response to rhetoric from political and religious conservatives.

Persons: snarkily, ”, shouldn’t, Mariah Maddox, —, Elinor Burkett, Boon, “, Lisa Belkin, Jason Lancaster, Anastasia Berg, Rachel Wiseman, Berg, JD Vance’s, Pope Francis, aren’t, Jessica J, June Carbone, Carbone, ” Carbone, Yolanda Williams, glared, ” Williams, Lauren Kavan, She’s, Kavan, ‘, ’, Jessica Calarco Organizations: CNN, Friendly, New York Times Magazine, University of Wisconsin, Madison, “, tote Locations: Ohio, Nebraska, Berg

☆ Planning to delay retirement may not rescue you from poor savings
▼ + stars: | 2024-09-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Alistair Berg | Digitalvision | Getty ImagesPlanning to work longer is a popular escape hatch for Americans who feel they've saved too little to support themselves in old age. About 27% of workers intend to work in retirement because they need to supplement their income, according to a new CNBC and SurveyMonkey survey. While working longer is among the best ways to shore up one's nest egg, the plan may backfire, according to retirement experts. If workers lose those wages, they'd have to figure out another way to make their retirement savings last. There are benefits to working longerWorking longer — for those who can do it — is a financial boon, according to retirement experts.

Persons: Alistair Berg, Digitalvision, they've, Philip Chao, Chao, EBRI Organizations: Getty, CNBC, Workers, Urban Locations: John , Maryland

☆ Amazon's RTO mandate won't pay off in the way the company hopes
▼ + stars: | 2024-09-17 | by ( Madeline Berg | Tim Paradis | ) www.businessinsider.com time to read: +8 min

Read previewSorry, Amazon employees. CEO Andy Jassy announced on Monday that starting next year, Amazon employees must be in the office five days a week. Amazon's announcement comes after 15 months of hybrid work — employees had to be in three times a week. Some employers like Amazon are looking to take back powerIn the pandemic era, the labor market favored office workers. Oftentimes, introverted employees work better outside the office, and some people find that the pressure of in-person work can stifle productivity and deep thinking, Duffy said.

Persons: —, Andy Jassy, Goldman Sachs, Caitlin Duffy, Duffy, Julia Hobsbawm, Hobsbawm, Amazon's Jassy, Jassy, Nicholas Bloom, who's, Bloom, what's, Deborah McGee, McGee, Gen Z, they're Organizations: Service, Business, Slack, Employees, JPMorgan, Gartner, Stanford, Research, Data Technologies, PZI Locations: America

☆ Elon Musk has made a nasty mess for X, but it may not matter all that much to him
▼ + stars: | 2024-09-17 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

X owner Elon Musk, who has endorsed Trump, replied, "And no one is even trying to assassinate Biden/Kamala." Related stories"I don't think this is much more than just confirmation that X is not a place for brands. This year, advertisers slashed their X marketing budgets ahead of major events like the Super Bowl. Musk is still the richest person in the world, with a net worth of about $250 billion, per Bloomberg. AdvertisementSo X may suffer, but Musk will probably come out alright.

Persons: —, Donald Trump, Elon Musk, Trump, Biden, Kamala, Tucker Carlson, Brian Morrissey, Digiday, Brendan Gahan, Musk, Musk's, Gahan, bode, Morrissey, he's, haven't, outrageousness, Eric Dezenhall Organizations: Service, Business, LinkedIn, Authority, Disney, Apple, Walmart, Cannes, Street Journal, Twitter, Bloomberg, Dezenhall Resources Locations: South Africa

☆ 5 things to know about billionaires, from a personal assistant to the uber-wealthy
▼ + stars: | 2024-09-16 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

Now, he places personal and executive assistants with CEOs, billionaires, and celebrities. Here are five things to know about billionaires, according to a billionaire whisperer. Brian Daniel worked as a personal assistant for ultra-high-net-worth clients — including members of the royal family of Saudi Arabia. "A lot of billionaires like bragging rights, where they want access to things that other people can't get access to." Advertisement"They can afford to pay the bill to have the celebrities come to their parties and be on their yachts," Daniel said.

Persons: —, They're, Brian Daniel, he's, Warren Buffett, there's, Daniel, Damien Hirst, Jeff Bezos —, they're, doesn't, they've, I've, didn't Organizations: Service, Business Locations: Hollywood, Saudi Arabia, Europe

☆ When to book holiday travel this fall: 'That window of low prices is brief,' economist says
▼ + stars: | 2024-09-14 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

If you want — or need — to travel this holiday season, start planning now because the ideal time to book Thanksgiving, Christmas and New Year's travel is fast approaching. "The most important thing is for travelers to continue to think about planning now and booking in October," said Hayley Berg, lead economist at travel site Hopper. "That window of low prices is brief, but it can really pay off." Whenever you decide to confirm your reservations, keep in mind that traveling during the holiday season can be fraught with complications, said Sally French, a travel expert at NerdWallet. "The holidays are a difficult time to travel because not only are you dealing with what's likely to be tougher holiday weather, but also working with bigger crowds," said French.

Persons: Hayley Berg, Hopper, Berg, Sally French Organizations: Finance

☆ Sam Altman may be in his villain era, but no one seems to care
▼ + stars: | 2024-09-14 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

As one VC partner told Business Insider at the time: "Sam is bigger than Taylor Swift." But the bigger you are, the faster the fall, and a few months later, things began to unravel. Others simply said Altman was overhyped, that he didn't have all the answers that the public and investors seemed to expect of him. Thanks to good old-fashioned capitalism, Altman and OpenAI have enjoyed business win after win and held their positions as the leaders in the aggressive AI race. "I thought Sam Altman did a really good job in the special," she told The Washington Post in a discussion about her TV program on artificial intelligence.

Persons: —, Sam Altman, Taylor Swift, Altman, Oscar, Scarlett Johansson, Johansson, Ilya Sutskever, Jan Leike, Leike, Anthropic —, Greg Brockman, OpenAI, Siri, Goldman Sachs, OpenAI fanboys, Wharton, Ethan Mollick, Anderson Cooper, Josh Kushner —, Oprah Winfrey Organizations: Service, OpenAI, Business, —, Leike, Apple, Microsoft, Nvidia, tech's, o1, Washington Locations: OpenAI —, Valley

☆ Stocks often drop in September — but many investors shouldn’t care
▼ + stars: | 2024-09-13 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

Traders on the New York Stock Exchange floor on Sept. 9, 2024. Spencer Platt | Getty Images News | Getty ImagesSeptember historically hasn't been kind to stock investors. September is the only month during that nearly century-long period in which investors experienced an average loss, according to Morningstar. Trying to time the market is a losing betAlistair Berg | Digitalvision | Getty ImagesInvestors holding their money in stocks for the long-term shouldn't bail, Yoder said. Don't put faith in market maximsSimilarly, investors shouldn't necessarily accept market maxims as truisms, experts said.

Persons: Spencer Platt, Morningstar, Abby Yoder, Yoder, Alistair Berg, Digitalvision, Edward McQuarrie, McQuarrie, couldn't, J.P Morgan Organizations: New York Stock, Getty, Morningstar Direct, Finance, Morgan Private Bank, Investors, Santa Clara University, Fidelity Investments, Federal Reserve, Investor, Mutual Locations: U.S, Wells, New York City, New York

☆ These mid-tier brands are winning in fashion while luxury struggles
▼ + stars: | 2024-09-12 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

Read previewTanking share prices, excess stock flooding outlets, a slowdown in once-reliable China: 2024 has been a tough year for luxury brands. AdvertisementTo find relief from high luxury prices, those consumers are turning to midlevel brands like clothing store Zara and jewelry brand Pandora, which are thriving. "It is acceptable for people to buy accessories with luxury brands and then buy apparel at Zara." Advertisement"With these other product ranges apart from charms, they think they are benefiting from the downtrading of consumers," Sokolova said. The trick for both Zara and Pandora will be maintaining their appeal when aspirational consumers can once again spend on luxury.

Persons: —, Gucci, Claire Tassin, Tassin, Levato, Kering, Louis Vuitton, LVMH, TK, Jelena Sokolova, Michael Kors, Zara, Pandora, it's, Sokolova, It's, Pamela Anderson, Tiffany Organizations: Service, Business, Morning, Brands, Bain & Company, Gucci, Morningstar, Cartier Locations: China, Spanish, Danish, Paris, Morocco, Portugal, Turkey, Europe, Zara

☆ Women will soon be notified about their breast density after a mammogram. Here’s what that means
▼ + stars: | 2024-09-09 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +11 min

“The second reason that breast density is important is because having dense breast tissue raises a woman’s level of risk of developing breast cancer,” Feigin said. Breast cancer survivor JoAnn Pushkin, 64, has advocated for more than a decade that there be a national requirement for women to be notified of their breast density. Now I have lymphedema, and all because it was detected at that later stage,” said Pushkin, who has testified before the FDA about breast density and co-created the website DenseBreast-info.org, which features resources on breast density. The new FDA changes require facilities to provide patients with information about their breast density and include specific language in the mammogram result letter to explain how breast density can influence the accuracy of a mammogram. A study published in 2022 found that the breast cancer death rate dropped by 43% within three decades, from 1989 to 2020, translating to 460,000 fewer breast cancer deaths during that time.

Persons: Kimberly Feigin, ” Feigin, JoAnn Pushkin, Pushkin, she’d, “, ” Pushkin, ‘, Pushkin’s mammogram, ”, wasn’t, Wendie Berg, Berg, ” Berg, it’s, Molly Guthrie, Susan G, Komen, ” Guthrie, we’ve, Dr, Sanjay Gupta Organizations: CNN, US Food, Breast Imaging Service, Assurance, Memorial Sloan Kettering Cancer Center, District of Columbia, FDA, University of Pittsburgh School of Medicine, Magee, Womens Hospital of UPMC, American Cancer Society, CNN Health Locations: United States

Rare Beauty is the main factor in Gomez's wealth. Selena Gomez at a Rare Beauty event in Beverly Hills. Stefanie Keenan/Getty ImagesGomez may be best known as an actor and musician, but the bulk of her fortune — more than 80%, according to Bloomberg's estimates —comes from her beauty brand, Rare Beauty. The brand has been particularly successful on social media, which Gomez has also dominated. What goes on social media sells in the stores — it's black and white."

Persons: Selena Gomez, Stefanie Keenan, Gomez, it's, Anncy Rowe, She's, Jeffrey Ten, swirled Organizations: Getty, Business, Coty Locations: Beverly Hills, Kohl's

☆ A billionaire NFL owner's superyacht is now available for charter. It'll cost you.
▼ + stars: | 2024-09-07 | by ( Madeline Berg | ) www.businessinsider.com time to read: +1 min

NFL owner Shahid Khan's superyacht Kismet is available for charter at $3 million a week. Added costs for provisions, gratuities, and taxes can raise the weekly charter cost to $5.4 million. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The superyacht belonging to Shahid Khan, the owner of the NFL's Jacksonville Jaguars who is worth $13.3 billion, according to Forbes, is officially available for charter by brokerage Cecil Wright.

Persons: Shahid Khan's, —, Shahid Khan, Cecil Wright Organizations: Monaco, Service, Jacksonville Jaguars, Forbes, Business

☆ Gwyneth Paltrow's Goop is cutting 18% of staff as it scrambles to change strategy
▼ + stars: | 2024-09-06 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

Read previewGoop, Gwyneth Paltrow's blog/lifestyle brand/beauty company/vitamin retailer/etc., launched 16 years ago, spurring copycat celebrity brands and products like the infamous orgasm candle. Goop is cutting 18% of its 216-person staff, citing a change to its organization, WWD reported on Thursday. It'll focus on beauty, fashion, and food — specifically its Goop Beauty and Good Clean Goop beauty brands, its G. Label clothing line, and Goop Kitchen restaurants. Last year, it launched Good Clean Goop, a lower-priced line of skincare that can be found in Target and on Amazon. (An exfoliator from the brand costs $20, while one from Goop Beauty costs $125.)

Persons: —, Gwyneth Paltrow's, Goop, it's, WWD, Condé Nast, Puck, Neil Saunders, Travis Kalanick, Uber, Paltrow Organizations: Service, Business, Netflix, GlobalDatal Locations: Target, Southern California

☆ American demand for international trips drives 'travel momentum' and overall spending
▼ + stars: | 2024-09-02 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Travel spending among American households continues to outpace its pre-pandemic levels, a trend underpinned by a zeal for international trips, according to new Bank of America research. "A key part of travel momentum lies within vacationing abroad," Taylor Bowley and Joe Wadford, economists at the Bank of America Institute, wrote in a note Wednesday. Overall, travel spending is down slightly from 2023, yet it remains "much higher" than 2019 — up by 10.6% per household, they wrote, citing Bank of America credit and debit card data from January to mid-August. About 17% of Americans said in June that they intended to vacation abroad during the next six months, up from roughly 14% in 2018 and 2019, according to a recent Conference Board survey. "I do expect the demand to continue," said Hayley Berg, lead economist at travel site Hopper.

Persons: Taylor Bowley, Joe Wadford, Taylor, Wadford, Hayley Berg, Hopper Organizations: Bank of America, Bank of America Institute, Finance, Board

☆ 'Call Her Daddy' star Alex Cooper could earn $125 million from her new podcast deal — but it won't be easy
▼ + stars: | 2024-08-24 | by ( Madeline Berg | Lucia Moses | ) www.businessinsider.com time to read: +4 min

It's a jaw-dropping figure — more than twice her previous $60 million deal with Spotify back in 2021 and higher even than the reported $100 million snagged earlier this year by SmartLess. But the "Call Her Daddy" host can't exactly sit back and cash a check for $41 million each year. She can earn as much as the widely reported $125 million — but it won't be easy. A podcast deal with a host like Cooper would be based on a certain number of downloads a month. Related storiesCooper's SiriusXM deal is also not just for "Call Her Daddy," but for her Unwell Network's "complete slate of current and future shows."

Persons: Alex Cooper, she'd, SiriusXM, Meghan Markle, Prince Harry, Mark Wahlberg, Cooper, Network's, Alix Earle, Madeline Argy, Harry Jowsey, Owen Thiele —, —, Alex, Scott Greenstein Organizations: Service, CNBC, Spotify, SmartLess, Business, Edison Research Locations: SiriusXM

☆ Shopping hauls are so back
▼ + stars: | 2024-08-17 | by ( Erika Tulfo | ) edition.cnn.com time to read: +8 min

CNN —Aria Liu, 17, regularly posts shopping haul videos to her YouTube channel, which has 300,000 subscribers. “I don’t know what it is, but when I’m shopping online, money doesn’t feel real.”Liu’s not alone. Shopping hauls have existed for years, if not decades. Aria Liu says that the shopping haul videos she posts on her YouTube channel, “urmomsushi,” are the ones that garner the most views. There’s also a growing body of research that is questioning whether social media can be dangerous, especially for younger users.

Persons: Aria Liu, ”, “, ” Liu’s, Liu It’s, Philippa Ward, Katie Fang, TikTok, Fang, hashtags, Alistair Berg, Matthias Lehner, ” Lehner, Katrina Caspelich, There’s, there’s, ” Caspelich Organizations: CNN, YouTube, Consumer, US Commerce Department, Consumer Financial, University of Gloucestershire, Research, Federal Reserve Bank of New, Centre for Retail Research, Lund University Locations: Federal Reserve Bank of New York, TikTok, Lund , Sweden, “

Ceasar Bacarella v. Prime HydrationThe issue: In this case, Caesar Bacarella, the Florida-based owner of a line of sports supplements and apparel called Alpha Prime and protein brownies called Prime Bites, accuses Prime of trademark infringement. Hi-Tech Pharmaceuticals v. Prime HydrationThe issue: In a trademark suit filed in June, Hi-Tech Pharmaceuticals, a Kentucky-based company, accused Prime Hydration of "unfair competition" and "infringement." What's next: Prime filed a motion to dismiss, which the judge granted on several technicalities. AdvertisementRefresco Beverages US v. Congo Brands and Prime HydrationThe issue: Refresco Beverages, a bottler for Prime, filed a lawsuit in Delaware against Prime Hydration and its parent company, Congo Brands. US Olympic & Paralympic Committee v. Prime HydrationThe issue: The Olympics committee alleges the company used various Olympic trademarks reserved for its beverage sponsor, Coca-Cola.

Persons: —, Logan, KSI, Refresco, Agrovana, Prime's, Paul, Howard Telford, Read, forbearance, What's, Castillo, Elizabeth Castillo, they're, dink, Ceasar, Caesar Bacarella, Kennedy, mislabeling, hasn't, Kevin Durant Organizations: Service, Business, Bloomberg, Agrovana, Alpha, Tech Pharmaceuticals, Nutrition, Energy, Centers for Disease Control, Refresco, Congo Brands, Google, Paralympic Locations: Massachusetts, NielsenIQ, Euromonitor, United States, California, Florida, Kentucky, New York, Delaware, Congo, Chancery, Philadelphia, Colorado

☆ Teacher says contract wasn’t renewed because he wouldn’t use trans students’ preferred names
▼ + stars: | 2024-08-14 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +5 min

A high school English teacher is suing a Wisconsin school district, alleging it did not renew his contract last year because he refused to use the preferred names of two transgender students. Argyle School District Superintendent Randy Refsland said in an email Tuesday night that he could not comment because the matter was being litigated in court. But after one of the students expressed unhappiness with the situation — the student's father was described as a fellow district teacher — the district demanded adherence to the policy of using students' preferred names and pronouns, according to the suit. Greul said that this fight over first names and pronouns will be crucial for "everyday Americans across the country." A 2022 report on pronouns by the Minnesota Department of Health says that the correct use of preferred pronouns "saves lives."

Persons: Jordan, ” Cernak, “, Randy Refsland, Cernak, Cernek, Luke Berg, Lauren Greuel, Greul, they've Organizations: Argyle School District, Western, Western District of, . Argyle School, Argyle High School, Wisconsin Institute for Law & Liberty, Minnesota Department of Health, Survey, National Institutes of Health, Fair, Argyle, Fair Wisconsin, Facebook Locations: Wisconsin, Argyle, Argyle , Wisconsin, U.S, Western District, Western District of Wisconsin, Cernak’s, —, Minnesota, Fair Wisconsin

☆ FAFSA rollout was 'a stunning failure,' college aid expert says. Here's how next year will compare
▼ + stars: | 2024-08-13 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

watch nowBy most accounts, the rollout of the new Free Application for Federal Student Aid, better known as FAFSA, was disastrous from the start. Even now, some college students don't know the status of their aid awards for the fall. "The Department's poor planning has led to a stunning failure: Some college students might not have financial aid dollars in their hands in time to start classes in the next few weeks," said Beth Maglione, interim president and CEO of the National Association of Student Financial Aid Administrators. Families 'are falling back on borrowing for college'For many families, financial aid is crucial when it comes to covering college costs, which have now crept into the six figures. The share of parents taking out federal parent PLUS loans to help cover the costs of their children's college education has also grown, other studies show.

Persons: Beth Maglione, Education Miguel Cardona, Mark Kantrowitz, —, Kantrowitz, Sallie Mae's, Jennifer Berg, Sallie Mae, " Berg Organizations: Federal Student Aid, National Association of Student Financial, U.S . Department of Education, Education Department, Department, Education, Finance, Harvard, College

☆ I ranked every sausage I could find at Trader Joe's, and I think the best could be used in almost any recipe
▼ + stars: | 2024-08-13 | by ( Ted Berg | ) www.businessinsider.com time to read: +1 min

I tried every Trader Joe's precooked sausage I could find to see which was the tastiest. The spicy jalapeño chicken sausage had a great garlic flavor and, in my opinion, was the best. Go to newsletter preferences Thanks for signing up! AdvertisementIf you're looking to explore grilling options beyond burgers and hot dogs, it might be time to visit the precooked sausage section at your local Trader Joe's. Of course, the store's sausage section can be overwhelming because there are so many different kinds and they all look pretty good.

Persons: — Organizations: Service, Business

Record numbers of travelers have been flooding airports since the pandemic, but U.S. airlines now face a surplus of empty seats after racing to add capacity. “Deals are easier to find this summer since prices are already so low,” said Hayley Berg, lead economist at the travel booking site Hopper. For clients with a little flexibility in their travel dates, I’ve been able to get very low airfare for last-minute trips. Ashley D’Aristotile, owner of Flyaway TravelThe discounts expand the map for late-season travelers and coincide with a broader value push this summer. Domestically, the Southeast is seeing some of the best bargains, according to Priceline, with both Miami and Nashville making its “most affordable” list for August.

Persons: ”, Hayley Berg, Hopper, I’ve, Ashley D’Aristotile, Debra Banton, Rachel, Banton, she’s, Kimberly Hilliard, haven’t, Jesse Neugarten, Lousson Smith Organizations: Flyaway, Dollar, Miami, Nashville Locations: U.S, Chicago, Baltimore, New York, Nashville, Priceline, McDonald’s, Charleston , South Carolina, Europe, Greece, Athens, Annapolis , Maryland, Orlando , Florida, Boston, Dublin, Paris

☆ These 10 cities around the world have the most ultrawealthy people
▼ + stars: | 2024-08-10 | by ( Madeline Berg | ) www.businessinsider.com time to read: +1 min

The ultrawealthy population has reached 426,330, a 7.6% increase from last year. These are the cities that have the most ultra-high net worth individuals. The ultrawealthy are defined as having an individual net worth of at least $30 million. Their population increased 7.6% over the last year, and they have a combined net worth of $49.2 trillion. Only 0.8% of the world's ultra-high net worth population are billionaires, but they account for 24% of the combined net worth, according to Wealth-X's 2024 Ultra Wealth Report.

Persons: — Organizations: Service, Business Locations: United States

☆ Biden administration's student loan relief plan may be paused for 'months or even a year,' expert says
▼ + stars: | 2024-08-09 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

Alistair Berg | Digitalvision | Getty ImagesThe Biden administration's new affordable repayment plan, known as SAVE, may be on hold for months —or longer — amid a slew of legal challenges. The White House says roughly 8 million people are enrolled in SAVE, or the Saving on a Valuable Education plan. Why the SAVE plan is on holdThe SAVE plan has been a magnet for controversy ever since the Biden administration rolled out the program in the summer of 2023, describing it as "the most affordable student loan plan ever." Indeed, the terms of the new income-driven repayment plan are the most generous to date. However, borrowers pursuing student loan forgiveness should still explore their options, said Elaine Rubin, director of corporate communications at Edvisors, which helps students navigate college costs and borrowing.

Persons: Alistair Berg, Digitalvision, Biden, they're, Elaine Rubin Organizations: SAVE, Republican, U.S . Department of Education, Education Department Locations: Edvisors

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