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☆ This is the anti-ESG venture capital firm that Donald Trump Jr. is joining instead of taking a White House role
▼ + stars: | 2024-11-16 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

AdvertisementDonald Trump Jr. will not take on a White House role, opting instead for the VC firm 1789 Capital. The venture capital firm that Donald Trump Jr. is reportedly joining eschews investments that push social and environmental issues and instead focuses on what it calls "EIG," or entrepreneurship, innovation, and growth. Like 1789 Capital, Trump Jr. has long been a proponent of the parallel economy, also called the "patriot economy," a term used by MAGA conservatives to refer to businesses that align with their traditional values. And Trump Jr.'s connection to Malik, the president of 1789 Capital, includes the pair's mutual support of a parallel economy platform called PublicSquare. Representatives for Trump Jr. through the Trump Organization and the Trump transition team didn't respond to a request for comment from BI.

Persons: Donald Trump Jr, Omeed Malik, Tucker, EIG, —, Tucker Carlson's, Donald Trump's, Omeed Malik —, Christopher Buskirk, Malik, Buskirk, deglobalization, MAGA, Trump, Malik didn't, Tucker Carlson, Jordan Cohen Organizations: The New York Times, Bloomberg, Trump Jr, Bank of America, Farvahar Partners, Trump, Republican National Committee, New York Stock, Time Magazine, Tucker Carlson Network, Fox News, Trump Organization Locations: The Florida, Beach , Florida

WASHINGTON — When President Joe Biden relinquishes power in January, some parts of his legacy will be secure, while others may be undone by President-elect Donald Trump and a new Republican-controlled Congress. The pieces of Biden’s legacy go into four buckets. But it will be difficult for Trump to undo bipartisan legislation, such as measures about infrastructure and preventing gun violence, and the judges Biden appointed can’t be unseated. Biden’s immigration orders are ripe for Trump to target after he ran on a platform of mass deportations and clamping down on border security. Bipartisan Biden-era bills (largely safe)The parts of Biden’s legacy that will be relatively safe are the bipartisan laws he passed, which are subject to filibusters and therefore give Democrats the power to protect them.

Persons: WASHINGTON, Joe Biden relinquishes, Donald Trump, Trump, Biden, can’t, they've, Roe, Wade, Sen, Kevin Cramer, ” Cramer, Kamala Harris, Thom Tillis, they’ve, ” Sen, Shelley Moore Capito, Tommy Tuberville, “, ”, Ben Cline, John Thune, they’ll, Angus King, It's, ” King, Ketanji Brown Jackson Organizations: Republican, Trump, Democrats, NBC News, GOP, Biden, American, Finance Committee, Public, Republicans, Postal Service, Democratic Locations: U.S, South Dakota, Maine, Pennsylvania

☆ 'Political malpractice' if Trump undoes climate-geared Biden projects, outgoing U.S. energy secretary says
▼ + stars: | 2024-11-15 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

U.S. Secretary of Energy Jennifer Granholm speaks to the media on day five at the UNFCCC COP29 Climate Conference on November 15, 2024 in Baku, Azerbaijan. A potential decision by Donald Trump to walk back the Biden administration's climate-geared projects would impact jobs in areas governed by the President-elect's own party, outgoing U.S. Energy Secretary Jennifer Granholm told CNBC, urging consistency in Washington's green transition policies. "We are now building all of these projects. We're building batteries for electric vehicles, we're building the vehicles, we're building the offshore wind turbines, we're building the solar panels. When asked for a response on Granholm's comments, Karoline Leavitt, a spokeswoman for Trump's transition team, said the president-elect will "deliver" on the promises he made on the campaign trail.

Persons: Energy Jennifer Granholm, Donald Trump, Jennifer Granholm, Trump's, Granholm, CNBC's Dan Murphy, Joe Biden's, Law —, Karoline Leavitt Organizations: Energy, Conference, Biden, U.S . Energy, CNBC, Law, Republican Locations: Baku, Azerbaijan, Paris, U.S, Washington

☆ Quarterback clashes and spiraling squads: Five things to look out for in Week 11 of the NFL season
▼ + stars: | 2024-11-15 | by ( Andy Scholes | ) edition.cnn.com time to read: +5 min

CNN —It’s tough, tough times for some NFL fanbases as we enter Week 11 of the season. All of them had high hopes for this season but it has certainly not worked out that way. Ed Zurga/APThe Chiefs are 9-0 this season but could have easily lost to the Ravens, Bengals, Falcons and Broncos. Now or never for the JetsIt’s been a theme for weeks, but this Sunday’s game is an absolute must-win for the New York Jets. Jackson has been the AFC offensive player of the week for three weeks straight and his numbers are eye-popping.

Persons: CNN —, Allen, Patrick Mahomes, Josh Allen, Buffalo . Allen, Mahomes, Ed Zurga, Caleb Williams, Shane Waldon, Mike Dinovo, Thomas Brown –, –, Brown, Tory Taylor, Williams, Kyler Murray, Joe Camporeale, Anthony Richardson, benching, Joe Flacco, Aaron Rodgers, Jayne Kamin, Jim Harbaugh, Quarterback Justin Herbert hasn’t, Herbert, Joe Burrow, Burrow, Jackson’s, Jackson, Kevin Sabitus, Lamar Jackson, He’s, “, ” Jackson, he’s, weren’t, it’s, ” Organizations: CNN, NFL, The Cowboys, Jets, Browns, Kansas City Chiefs, Bills, Chiefs, Ravens, Bengals, Falcons, Broncos, Denver, OC, The Chicago Bears, USA, Sports, Reuters, Carolina Panthers, Bears, Carolina, Green Bay Packers, Green, New York Jets, Arizona Cardinals, Cardinals, Colts, Chargers, Tennessee Titans, Los Angeles Chargers, Quarterback, Football, Cincinnati Bengals, Baltimore Ravens, AFC, Pittsburgh Steelers, NFC, Steelers, “ Locations: Buffalo ., Chicago, Williams, New York, Arizona

☆ Why Elon Musk's push to cut federal waste might succeed where others failed
▼ + stars: | 2024-11-15 | by ( Jack Newsham | ) www.businessinsider.com time to read: +8 min

Elon Musk and Vivek Ramaswamy are promising to tame the federal government. Substantial changes to the federal budget would most likely require action from legislators, though Trump transition officials are reportedly looking for ways to short-circuit Congress' power over spending. AdvertisementPast presidents have tried to cut the federal budget with mixed successThe federal government isn't a business. AdvertisementClinton took another stab at cutting federal spending and improving government processes with his National Performance Review, which was led and staffed by federal employees instead of the private sector. AdvertisementSocial Security and Medicare are the two single biggest areas of federal spending, and changing them could be politically unpopular.

Persons: Elon Musk, Vivek Ramaswamy, they've, Trump, Reagan, Clinton, Ronald Reagan, Bill Clinton, David Walker, J, Peter Grace, Grace, didn't, Musk, Ramaswamy, Thomas Schatz, hasn't, Lex Fridman's, Veronique de Rugy, —, de Rugy Organizations: Government, Department of Government, Trump, Congress, Government Waste, Grace, Office, Citizens, Securities and Exchange Commission, Federal Aviation Administration, SpaceX, Social, Cato Institute, Social Security, GOP

☆ My husband and I felt like we didn't save enough money to retire in the US. So we moved to Mexico and built our dream home.
▼ + stars: | 2024-11-15 | by ( ) www.businessinsider.com time to read: +6 min

My husband and I made reasonable salaries living in NYC but weren't happy about retirement. We moved to Mexico in 2020 into our dream house and now feel far more secure about retirement. We eventually settled on Mexico, a country that's long been a favorite of American retirees where an estimated 1.6 million already live. We moved to Mexico ahead of retirement so we could enjoy it moreWe moved to Mexico before retiring because we thought the transition to retirement in another country would be easier if we had already lived there. AdvertisementWe make less money in Mexico, but our cost of living is lowerOur combined income is less than it was when we were living in New York.

Persons: —, Fabian Martinezv, Marc Perrotta, We're, We'll Organizations: Service, Foreign, Security Locations: Mexico, Spain, Canada, California, Florida, Mérida, Yucatán, Bushwick , Brooklyn, United States, Mérida's, NYC, New York

☆ Here's why tax-loss harvesting can be easier with exchange-traded funds
▼ + stars: | 2024-11-15 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

The tactic, known as "tax-loss harvesting," involves selling losing brokerage account assets to claim a loss. "Tax-loss harvesting is a tried and true strategy to lower investors' tax bills," said certified financial planner David Flores Wilson, managing partner at Sincerus Advisory in New York. "Investors can benefit substantially over time" by tax-loss harvesting consistently throughout the year, Wilson said. What to know about the wash sale ruleTax-loss harvesting can be simple when you're eager to offload a losing asset. How exchange-traded funds can helpWhile the wash sale rule is a challenge, exchange-traded funds, or ETFs, can help investors avoid trouble with the IRS, experts say.

Persons: David Flores Wilson, Wilson, George Gagliardi, Gagliardi Locations: New York, Lexington , Massachusetts

☆ Inside Microsoft's struggles with Copilot
▼ + stars: | 2024-11-15 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +23 min

In September 2023, Microsoft's famously soft-spoken CEO, Satya Nadella, unveiled the company's flagship AI product, Copilot, with sweeping fanfare. Some of Microsoft's own employees and executives are privately concerned that Copilot won't be able to deliver on its ambitions. Copilot's struggles have created an opening for Microsoft's rivals, some of whom have seized on the opportunity to promote their own agendas. "Now, when Joe Blow logs into an account and kicks off Copilot, they can see everything," said one Microsoft employee familiar with customer complaints. As complaints and questions over Copilot mount, so does the pressure to justify Microsoft's unprecedented level of spending on AI.

Persons: Microsoft's, Satya Nadella, Gartner, Copilot, it'll, Copilot's, Marc Benioff, Benioff, Goldman Sachs, Marc Andreessen, Andreessen Horowitz, Ethan Miller, Jared Spataro, Spataro, —, Joe Blow, Joe, Nadella, Gary Marcus, Marcus, Wile, Coyote, Brontë, Judson Althoff, Jason Zander, Zander, We've, OpenAI, Tasos Katopodis, Steve Jobs Organizations: Microsoft, Venture, Getty, Goldman, BI, Fortune, Excel, Lumen Technologies, Honeywell, Gartner, Wall Street, Initiative, Department of Homeland Security, Employees, San Francisco, Software, Apple, Jobs Locations: Microsoft's, Copilot, New York City

☆ I was 17 when I gave birth to my son. Now that he's off to college, I'm trying to figure out who I am.
▼ + stars: | 2024-11-15 | by ( Kimanzi Constable | ) www.businessinsider.com time to read: +5 min

AdvertisementWinnie Thompson got pregnant at 16 and gave birth to her son at 17. Her son left for college in a different state, and she finds herself in a unique life transition. AdvertisementI got pregnant when I was 16 and gave birth to my son two weeks after I turned 17 years old. Now he's off to college, and I'm trying to figure out what to do next with my life. By the time my son was in high school, I had become an entrepreneur.

Persons: Winnie Thompson, —, St . Louis, Marwin, it's Organizations: High, American University Locations: Atlanta, St ., Washington ,

☆ How Democrats can still flex power in Trump's Washington: From the Politics Desk
▼ + stars: | 2024-11-14 | by ( The Politics Desk | ) www.nbcnews.com time to read: +11 min

In today’s edition, senior national political reporter Sahil Kapur examines the way Democrats can still exert some power in Donald Trump's Washington. How Democrats can still flex power in Trump’s WashingtonBy Sahil KapurRepublicans have won full control of Washington, but Democrats will retain two key levers of power to shape legislative outcomes in Donald Trump’s second term. That margin is slimming further as Trump plucks House members for administration jobs. The last two years showed how chaotic and dysfunctional this GOP-controlled House can be, even when the stakes are low. The Ethics Committee has jurisdiction over only sitting House members.

Persons: Sahil Kapur, Donald, Donald Trump's Washington, Matt Gaetz's, Robert F, Kennedy Jr, Donald Trump’s, Robert Garcia, “, Sen, John Thune, ”, Chris Van Hollen, Van Hollen, Patty Murray, Richard Hudson, Trump, Donald Trump, it’s, it’ll, Tony Gonzales, Matt Gaetz, Ryan Nobles, Julie Tsirkin, Frank Thorp V, Kate Santaliz, Gaetz, Justice Department —, they’ll, Joni Ernst, John Curtis, → Trump, Berkeley Lovelace Jr, Dasha Burns Trump, Kennedy, Bill Cassidy, Tulsi Gabbard, Pete Hegseth, Elon Musk, Vivek Ramaswamy’s, 🗞️, Tim, lea Organizations: NBC, White House, Capitol, Republicans, Health, Human Services Department, Sahil Kapur Republicans, Trump plucks, ”, Republican, Senate, GOP, House Republican, Justice Department, NBC News, Committee, Punchbowl News, RFK, Human Services, Department of Health, Food and Drug Administration, Education, Labor, Pensions, “ RFK, Trump, Elon, of Government, Cabinet Locations: Donald Trump's, Trump’s Washington, Washington, “, Texas, Florida, Congress, Iowa, Utah, Elon, usk

☆ Latino mobile home park residents denounce conditions, allege discrimination
▼ + stars: | 2024-11-14 | by ( Albinson Linares | Albinson Linares Is A Reporter For Noticias Telemundo Based In Mexico City. | ) www.nbcnews.com time to read: +13 min

The sewage is exposed to the air and causes a lot of nausea and headaches,” said Veronica Isabel Dahlberg, executive director of HOLA Ohio, a nonprofit group assisting Latino state residents, which has advised mobile home park residents who sued. It is very expensive,” said Yvonne Maldonado, a co-director of Manufactured Housing Action, a nonprofit group that focuses on such communities. “We have recently seen private equity enter the manufactured housing market," PESP housing research coordinator Madeline Bankson said. During hurricanes, the National Weather Service has said, 72% of deaths occur in homes, and of those, 54% occur in mobile homes. She also urged mobile home park residents to organize their communities and if there are complaints, to do it as a group, which is more effective.

Persons: Mariano Jacobo Piñón, ”, Vicente Hernández, Ricardo Rodríguez, Veronica Isabel Dahlberg, Mariano Jacobo Piñón's, ” Rodríguez, Melissa Solomon, Jones, Patrick J, Condon, Yvonne Maldonado, Maldonado, Ana Eugenia Báez, Báez, Andrea Chiriboga, Flor, Ascentia, Marko Vukovich, ” Vukovich, Esther Sullivan, Eva Marie Uzcategui, Madeline Bankson, Fannie Mae, Freddie Mac, Jeanne Shaheen, Richard Blumenthal, John Fetterman, ” Shaheen, Banks, Juan Pablo Garnham, Garnham Organizations: Fairgrounds United, Perry Mobile Home, Noticias Telemundo, Jones Estates Fairgrounds, Jones Estates Perry LLC, Jones Estates, Department of Housing, Urban, Survey, Residents, People Center, Foxridge, Colorado Mobile, Private, University of Colorado, Home Parks, The Washington, Getty, Prosperity, Federal Housing Administration, “, Telemundo, Princeton, National Weather Service Locations: Lake County , Ohio, Mexico, Ohio, Hernández, Lake County, Mobile, U.S, New York, Colorado, Foxridge, Arapahoe County , Colorado, Denver, Sarasota , Fla, Sens

☆ High grocery prices got droves of Americans to vote for Trump but they shouldn’t expect to pay less over the next four years
▼ + stars: | 2024-11-14 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +7 min

With some of these pressure points softening, food prices have cooled to rates comparable to before the pandemic. “Grocery prices have skyrocketed,” he said. “Until we can — if we can — fix climate change, there’s no way that food prices can come down,” he told CNN. In the past, grocery prices have come down primarily when “the economy is under duress” and people don’t have enough money to pay for groceries. Absent these kinds of scenarios, Trump is unlikely to get the actual food prices we pay back to where they were during his first term.

Persons: Joe Biden, Donald Trump, Trump, ”, “, ” Trump, “ That’s, That’s, Phil Lempert, Vance, Lempert, Leo Feler, Feler, it’s “ Organizations: New, New York CNN, AP VoteCast, New York Economic Club, ”, Trump, CNN, University of California Locations: New York, Ukraine, Russia, Brazil, Mexico, Florida, California, China, Los Angeles

☆ These mutual funds are about to drop a tax surprise in investors’ portfolios. How to prepare
▼ + stars: | 2024-11-14 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Hefty capital gains tax bills could be around the corner for investors in certain mutual funds. Fund families are notifying shareholders of estimated capital gains distributions for 2024, which they will issue to investors in December. This year has been a strong one for stocks, with the S & P 500 up more than 25%, and double-digit distributions from some mutual funds are on deck. See below for a few funds that are expected to spin out double-digit capital gains distributions this year, per Morningstar. If your losses exceed your capital gains, you can also apply up to $3,000 of them toward ordinary income on your federal return.

Persons: Morgan, Stephen Welch, Welch Organizations: Institutional Fund

☆ Tua Tagovailoa says he has no regrets about his tackle attempt after throwing an interception against LA Rams
▼ + stars: | 2024-11-14 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +3 min

CNN —Miami Dolphins quarterback Tua Tagovailoa said that he does not regret his tackle attempt in his team’s 23-15 victory over the Los Angeles Rams on Monday, despite his history of head injuries. During the second quarter of the Monday Night Football matchup, Tagovailoa threw a pass intended for wide receiver Jaylen Waddle that was intercepted by Rams linebacker Christian Rozeboom. I’ll make the tackle, that’s what I’ve got to do. Tagovailoa suffered his most recent concussion against the Bills when he dove for a first down and took a hit from Buffalo safety Damar Hamlin. Tagovailoa recorded 207 yards through the air in Monday’s victory and threw a touchdown pass to receiver Tyreek Hill.

Persons: Tua Tagovailoa, Tagovailoa, Jaylen Waddle, Christian Rozeboom, Rozeboom, headfirst, “, ”, ‘, ’ “, you’ve, I’ve, Damar Hamlin, ” Tagovailoa, “ Tua, Mike McDaniel, Tyreek Organizations: CNN — Miami Dolphins, Los Angeles Rams, Rams, Dolphins, Buffalo Bills, Bills, Buffalo, Miami, Arizona Cardinals

☆ I moved from New York City to London. The job hunt was a culture shock but it was worth it for the healthcare and work-life balance.
▼ + stars: | 2024-11-14 | by ( Pooja Shah | ) www.businessinsider.com time to read: +6 min

When I moved to London with my husband just almost two years ago it was a major culture shock. Job hunting and finding friends was a challenge, but the free healthcare has been invaluable. The job hunt was a culture shock for meAs a New York-qualified attorney, I was used to a competitive job hunt involving dozens of applications, multiple interviews, and aggressive salary negotiations. But London's work-life balance has been a huge reliefI'm not burned out from work in London like I was in NYC. Though I miss my family and friends in New York City, London is now home for the foreseeable future.

Persons: Pooja Shah I, Pooja Shah, It's, aren't, I've, I'm Organizations: National Health Service Locations: New Yorker, London, Queens, Flushing, New York, East, Asia, New York City

House Republicans’ razor-thin victory was propelled by Trump’s decisive win over Vice President Kamala Harris in both the Electoral College and the popular vote. So far, Republicans have captured the 218 seats needed to secure the majority to Democrats’ 208 seats. Last week, Republicans flipped three Democratic Senate seats to win control of the upper chamber. They were among the 18 GOP House districts that President Joe Biden carried in 2020. Democratic challenger George Whitesides also ousted vulnerable GOP Rep. Mike Garcia in Southern California.

Persons: Donald Trump, House Republicans ’, Trump’s, Kamala Harris, Hakeem Jeffries, Mike Johnson, Brandon Williams, Anthony D’Esposito, Marc Molinaro, Joe Biden, George Whitesides, Mike Garcia, Rob Bresnahan, Matt Cartwright, Trump, Ryan Mackenzie, Susan Wild, Scott Perry, Janelle Stelson, Perry, Elissa Slotkin, Gabe Evans, Yadira Caraveo, Sen, Lindsey Graham, It’s, Johnson, Elise Stefanik, Mike Waltz, Kevin McCarthy of, —, Steve Scalise, Tom Emmer, ” Johnson, “, ” Organizations: WASHINGTON, NBC News, Republican, Trump, House Republicans, Electoral College, Democrats, Republicans, ’, Democratic, GOP, Keystone State, Freedom, Democratic Rep, Affordable, New, New York Republican, White Locations: Washington, America, New York, Syracuse, Long, Hudson, Southern California, battlegrounds, Pennsylvania, Michigan, Keystone, Allentown, Harrisburg, Denver, Florida, Kevin McCarthy of California, Louisiana, Minnesota

WASHINGTON — Over the last two years, a narrow Republican House majority has fought bitterly over everything from electing a speaker, keeping the government functioning and even passing symbolic messaging bills. Now, Republicans have clinched at least 218 seats to win a House majority, NBC News projects, but it’ll be another small one. “The House has always been a chaotic place, will always be a chaotic place. And here in the Senate, obviously, we continue to have a number of tools to exercise.”There is precedent for a narrow House majority delivering major legislation. ‘Trump is so volatile’Rep. Steny Hoyer, D-Md., a former House majority leader, told NBC News that nobody knows what to expect from the new GOP trifecta.

Persons: it’ll, Donald Trump, Will, it’s, Tony Gonzales, Mitch McConnell, John Thune, Rob Bresnahan, ” Democratic Sen, Chris Van Hollen, Joe Biden’s, “, ”, Dusty Johnson, Robert Garcia, ” Garcia, Rosa DeLauro, “ We’ll, midsession, Biden, Mike Johnson, Richard Hudson, ” Hudson, we’ve, Ken Calvert, ‘ Trump, Steny Hoyer, Trump, ” Hoyer, Mark Pocan, Michael Waltz, Elise Stefanik, they’re, they’ve, ” Pocan Organizations: WASHINGTON, Republican, Republicans, NBC News, ”, Democratic, GOP, Trump, White House, ” Democratic, Senate, 119th Locations: Washington, Texas, Ky, Pennsylvania, Maryland, Connecticut, Ukraine, Russia, North Carolina, R, Los Angeles

☆ I moved to Panama from the US. I live on a remote island for $1,000 a month and have never been happier.
▼ + stars: | 2024-11-13 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +7 min

Lisa Kauffman was over Florida's hurricanes and the faster pace of life in the US. AdvertisementThis as-told-to essay is based on a conversation with Lisa Kauffman, a 55-year-old teacher with a background in biology and special education. In 2023, I purchased a one-way ticket to Panama, planning to live on the private island I had previously visited in 2022. I live off the grid, and my day-to-day expenses are lowThe island I live on is remote. Courtesy of Lisa KauffmanI live on about $1,000 a month.

Persons: Lisa Kauffman, Kauffman, —, I've, I'd, Ian, I'm, Minnie Organizations: Service, Kauffman Locations: Panamanian, Panama, Caribbean, Bocas del Toro, Panama City, Florida, Fort Myers, Costa Rica, Hawaii, Thailand, New York

☆ The Jets fired their coach to save their season. Except he wasn’t the problem
▼ + stars: | 2024-11-12 | by ( Rohan Nadkarni | Rohan Nadkarni Is A Sports Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

The New York Jets, 2-3 through five weeks, could have looked at the glass as half full. And despite their 2-3 record, the Jets entered Week 6 only one game behind the Buffalo Bills for the lead in the AFC East. In the five games since they fired Saleh, the Jets are only 1-4. Where has the Jets' season gone wrong? The Jets are averaging 17.7 points per game this season, not even a full two points more than the 15.8 they averaged last year.

Persons: Aaron Rodgers, Robert Saleh, hasn’t, Saleh, Rodgers, Nathaniel Hackett, Davante Adams, Adams, Saleh —, — Organizations: New York Jets, Denver Broncos, Minnesota Vikings, Jets, Buffalo Bills, AFC, Vikings, Arizona Cardinals, Super Bowl, Rodgers, Las Vegas Raiders, Raiders, The Jets Locations: New York, , New York, Green Bay, York

☆ London startup Agemo has exited stealth. Now, it's building AI reasoning for software to take on Poolside and Magic.
▼ + stars: | 2024-11-12 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

Agemo has exited stealth with $4 million to build AI that turns text prompts into software. Essentially, this required them to train their AI models to reason like a team of engineers. Agemo finds itself up against the likes of Poolside, which raised $500 million in October, and Magic, which raised $320 million in August. To combat this problem, Agemo is building AI systems that can "reason" in software. AdvertisementEurope's answer to Poolside and MagicTo differentiate it from competitors such as Poolside and Magic, the startup says it has developed a neurosymbolic AI system for software reasoning.

Persons: Agemo, Aymeric Zhuo, Osman Ramadan, —, IBM's Jonathan Adashek, Mehdi Ghissassi, Olivier Pomel, Zhuo, Ramadan, ChatGPT, we've, We've Organizations: Service, Firstminute Capital, Mistral, Fly Ventures, Cambridge University, Microsoft, Activision, BI Locations: DeepMind, OpenAI, Sudan, London, Europe, Bay

☆ Elon Musk wants to radically reshape who controls America’s money supply
▼ + stars: | 2024-11-12 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

“The Federal Reserve is one of many examples of how we’ve deviated from the Constitution in that regard,” Lee added. Challenging the Fed’s independence“The American people re-elected President Trump by a resounding margin giving him a mandate to implement the promises he made on the campaign trail. That’s empowered Fed officials to make interest rate decisions that aren’t necessarily popular but could help the nation’s economy in the long run. But on the campaign trail, Trump floated requiring Fed officials to consult with him on interest rate decisions. That could lead to pressure on Fed officials to keep rates lower to satisfy Trump’s wishes, which in turn could reignite inflation.

Persons: Donald Trump’s, it’ll, Elon Musk, Republican Sen, Mike Lee, ” Lee, Jerome Powell, Trump, ”, Vance, Karoline Leavitt, Ron Paul, Thomas Massie of, Lee, ” Leavitt, it’s, That’s, Powell, “, briskly, hasn’t Organizations: New, New York CNN, Federal Reserve, Trump, Republican, Fed, Federal, CNN, Treasury Department, National Association of Black Journalists, Republicans, Consumer Financial, Product Safety, Fed’s, of Governors, Consumer, Safety Locations: New York, Thomas Massie of Kentucky

Pushing the funding fight to next year would put Trump in position to have far greater say. Congress faces a jam-packed to-do list of critical legislative items, including the annual defense policy bill. The next Trump loyalty test – who will lead the Senate GOP? The new Senate GOP leader will be elected by secret ballot, meaning no one will know who voted for which candidate. The House and Senate are only expected to be in session for two weeks before leaving for the Thanksgiving holiday.

Persons: Donald Trump won’t, Trump, Mike Johnson, Johnson, ”, Kelly Armstrong, “, Trump’s, Dusty Johnson of, “ I’m, Mitch McConnell, John Thune of, John Cornyn of, Rick Scott, McConnell, –, ” Thune, Cornyn, ” Scott, Scott, Sens, Marco Rubio, Tommy Tuberville, Bill Hagerty, Ron Johnson, they’d, haven’t, Elon Musk, Musk, Hakeem Jeffries, There’s, Alayna Treene Organizations: CNN, White House, Capitol, Republican Party, GOP, Trump, North, Republican, Senate, Florida Republican, Democratic, Republicans, National Defense, Department of Defense Locations: North Dakota, Dusty Johnson of South Dakota, Sens, John Thune of South Dakota, John Cornyn of Texas, Florida, Marco Rubio of Florida, Alabama, Tennessee, Wisconsin, Washington, United States

☆ NFL Power Rankings Week 11: Chiefs back at No. 1, plus quarterback confidence rankings
▼ + stars: | 2024-11-12 | by ( Josh Kendall | ) www.nytimes.com time to read: +24 min

Buffalo Bills (8-2)Last week: 4Sunday: Beat Indianapolis Colts 30-20QB confidence rating: 8Josh Allen has scored 58 non-passing touchdowns since being drafted in 2018. ETAdvertisementLast week: 7Sunday: Beat Jacksonville Jaguars 12-7QB confidence rating: 5Sunday was the game the Sam Darnold skeptics have been waiting for. Tampa Bay Buccaneers (4-6)Last week: 13Sunday: Lost to San Francisco 49ers 23-20QB confidence rating: 7Baker Mayfield leads the NFL with 24 touchdown passes. Miami Dolphins (3-6)Last week: 27Monday: Beat Los Angeles Rams 23-15QB confidence rating: 6By the numbers, Tua Tagovailoa is playing great. Jacksonville Jaguars (2-8)Last week: 30Sunday: Lost to Minnesota Vikings 12-7QB confidence rating: 4The good news from Sunday?

Persons: It’s, Russell Wilson, That’s, Patrick Mahomes, He’s, there’s, Jared Goff, Goff, can’t, Jake Bates, Lamar Jackson’s, Jackson, Jim Brown, Johnny Unitas, Brett Favre, Peyton Manning, Tom Brady, Aaron Rodgers, Rodgers, Josh Allen, he’s, Justin Fields, George Pickens, Jordan, Sam Darnold, Darnold, McCarthy, Jayden Daniels, Daniels, Lamar Jackson, Mike Tomlin, That’s Mr, We’ll, Justin Herbert’s, evaluator’s, Herbert, Jim Harbaugh, Kyler Murray, Murray, ike, ince, asser, ating, J ake M, eason, enver, roncos,, hird, amar, ike E, enver B roncos, assing, eno, lear, aron R odgers, odgers, ards,, rey, hart, esmond R idder, aints, m., m. E Organizations: of Famer, EPA, TruMedia, Beat Denver Broncos, Chiefs, Buffalo Bills, Beat Houston Texans, Texans, Jacksonville Jaguars, Lions, Beat Cincinnati Bengals, Lamar, NFL, Pittsburgh Steelers, Beat Indianapolis, That’s, Bills, Kansas City Chiefs, Beat Dallas Cowboys, Eagles, Cowboys, Washington, Steelers, Baltimore Ravens, Green, Chicago Bears, Beat Jacksonville Jaguars, Jacksonville, Tennessee Titans, Philadelphia Eagles, Beat Tennessee Titans, Chargers, Cincinnati Bengals, Beat New York Jets, Jets, ust, eads, ards, FC, aker, ams, ets Locations: Dallas, Pittsburgh, Carita, ards, alton

☆ The interest rate on my high-yield savings account keeps dropping. I asked 3 experts how to earn more on my cash.
▼ + stars: | 2024-11-12 | by ( Christine Ji | ) www.businessinsider.com time to read: +9 min

My bank has lowered the APY on my high-yield savings account by almost half a percent recently. AdvertisementIt's never pleasant to receive an email from your bank informing you that the interest rate on your high-yield savings account is decreasing. From August until the end of October, the annual percentage yield (APY) on my high-yield savings account has fallen from 4.6% to 4.2%. After paying off my bills every month, I would put the remainder of my paycheck into my high-yield savings account and watch the number creep up. Is there anything I can do about the state of my savings account, or do I have to watch my yield erode away slowly?

Persons: I'm, —, I've, Jerome Powell, Patti Black, it's, Jerome Powell's, Black, Daniel Milan, Milan, that's, Richard McHorter, There's, McHorter, Trump's, What's, Zer, Christine, cji Organizations: Service, Federal Reserve, Savant Wealth, Cornerstone Financial Services, SRM Private Wealth, Treasury Locations: Milan, California, New York City

☆ The Federal Reserve is trimming rates, and these higher-yielding assets could be called back soon
▼ + stars: | 2024-11-12 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

The Federal Reserve last week dialed back interest rates by a quarter point, bringing its target rate range down to between 4.5% and 4.75%. Give and take In addition to buying CDs directly from a bank, investors can also shop for brokered CDs through their brokerage. Indeed, a client holding a 12-month brokered CD with an APY of 4.65% had their instrument called with six more months to go, he said. The Federal Deposit Insurance Corp. backs bank CDs and savings accounts up to $250,000 per depositor and per ownership category. "The time with the brokered CDs has probably come to an end," he said.

Persons: Banks, Marcus, Goldman Sachs, Malcolm Ethridge, There's, noncallable, Ethridge, They're, Dinon Hughes Organizations: Federal Reserve, Capital Area, Vanguard, Nvest, Capital, Federal Deposit Insurance Corp, Treasury, ., Bond, SEC Locations: BTIG, Washington ,, Portsmouth , New Hampshire, Kennebunk , Maine

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