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To retire at 35 and live on investment income of $100,000 a year, you need at least $5.22 million invested. With an annual spending target of $65,000, you'll need about $3.25 million invested. How much you need invested to retire at 35According to Fry's calculations, an investor who leaves work at age 35 would need at least $5,225,000 in a taxable investment account on the day they retire in order to have an annual post-tax income of $100,000. If the investor reduces their target annual income to $65,000, they would need about $2 million less — or $3,250,000 — invested on the day they retire. Fry's simulation also did not factor in potential Social Security income.

Persons: Brian Fry, Fry, Read, Alyssa Powell, — Organizations: Service, Safe, JPMorgan, Social Security, Security, Social, Monte, Capital Locations: Wall, Silicon

☆ Simon Cowell sold his 6-bedroom London mansion for $19 million amid security fears that left him in 'total shock'
▼ + stars: | 2023-08-24 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Simon Cowell sold his six-bedroom mansion in London amid fears for his family's safety. The 6-bedroom residence in Kensington was sold for £15 million (about $19 million). Cohort Capital, a real estate private equity firm, provided a £5.5 million ($7 million) loan to the buyer, whose new neighbors will include Ed Sheeran and David Beckham. AdvertisementAdvertisementThe garden of the property on Addison Crescent in Kensington, west London. Cohort Capital disputed reports that the asking price had been reduced by £30 million.

Persons: Simon Cowell, Ed Sheeran, David Beckham, Cowell, Lauren Silverman, Eric, we're, Matt Thame Organizations: Service, Capital, Guardian, Daily, Addison, Press Association, Sun, People Magazine Locations: London, Kensington, Wall, Silicon, Addison Crescent

☆ Bitcoin price on the skids as investors pull money from crypto
▼ + stars: | 2023-08-18 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —The price of bitcoin has dropped nearly 9% since early Thursday as part of a broader sell-off of risky assets. According to CoinGlass, a cryptocurrency trading platform, $1 billion has been drained from cryptocurrencies over the past 24 hours — with bitcoin accounting for nearly half of that loss. The report sparked “a panicked reaction in the crypto market,” Hani Abuagla, senior market analyst at online broker XTB, said in a Friday note. Tesla (TSLA) also dumped a big chunk of its own bitcoin holdings last year. The crypto market has faced pressure from US regulators in recent months.

Persons: ’, CoinGlass, Thursday’s, ” Hani Abuagla, XTB, Tesla, Coinbase Organizations: London CNN, Elon, US Federal Reserve, Street, SpaceX, Securities and Exchange Commission Locations: cryptocurrencies, CoinMarketCap

☆ Musk Studied Napoleon to Take 'Battlefield' Lessons: Biographer
▼ + stars: | 2023-08-14 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Elon Musk has taken leadership notes from Napoleon Bonaparte, Walter Isaacson told Axios. Isaacson said Musk has likened Tesla and SpaceX factories to a "battlefield." Elon Musk has analyzed the leadership tactics of the French dictator Napoleon Bonaparte for use in his role as CEO of Tesla, Walter Isaacson told Axios. So he liked to show up late at night on the assembly lines at Tesla and SpaceX," Isaacson told Axios. The biographer said that Musk likened Tesla and SpaceX factories to "battlefields" and also liked to listen to Dan Carlin's "Hardcore History" podcast.

Persons: Elon Musk, Napoleon Bonaparte, Walter Isaacson, Axios, Napoleon, Isaacson, Musk, Tesla, that's, Dan Carlin's, Mai, Mark Zuckerberg, Zuckerberg, Bruce Lee Organizations: SpaceX, Tesla, Napoleonic, Twitter, Meta Locations: Europe, France, Russia, Tesla's Fremont , California, Sparks , Nevada

Argentine presidential candidate Javier Milei of La Libertad Avanza alliance looks on as he casts his vote at a polling station during Argentina's primary elections, in Buenos Aires, Argentina August 13, 2023. REUTERS/Mariana NedelcuBUENOS AIRES, Aug 14 (Reuters) - Argentina's presidential election race has an unpredictable X factor: Javier Milei, a fiery and wild-haired libertarian who wears leather jackets, belts out rock songs to his supporters, calling his political opponents "thieves." He has railed against the "caste" of the political elite who he calls "robbers" taking money out of voters' pockets. "We are facing the end of the caste model," he said after the primary election results. I think that Javier is the right person," added Zoccola, who said he had previously voted for Together for Change.

Persons: Javier Milei, Mariana Nedelcu, Donald Trump, Benjamin Gedan, Milei, Al Capone, Adriano Gabriel Zoccola, Javier, Diana Mondino, He's, Anna, Catherine Brigida, Maximilian Heath, Adam Jourdan, Rosalba O'Brien Organizations: Argentine, La Libertad, REUTERS, American, Wilson, Peronist, Thomson Locations: Buenos Aires, Argentina, Mariana Nedelcu BUENOS AIRES, America, Washington

☆ Argentina set for primary vote with ruling Peronists fighting for survival
▼ + stars: | 2023-08-13 | by ( Nicolás Misculin | ) www.reuters.com time to read: +3 min

"I am thinking of leaving my vote blank," said Micaela Panzera, a 22-year-old employee of a food company in Buenos Aires. We have seen warning signs of this in the provincial elections held up to now," said political analyst Carlos Fara. Pollsters see the combined Together for Change opposition candidates just ahead of the ruling Peronist bloc, with Milei pulling close to 20%. In the 2019 primary the polls were proved badly wrong. Reporting by Nicolás Misculin; Additional reporting by Candelaria Grimberg; Editing by Adam Jourdan and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Horacio Larreta, Sergio Massa, Micaela Panzera, Patricia Bullrich, Javier Milei, Goldman Sachs, Carlos Fara, Nicolás Misculin, Candelaria Grimberg, Adam Jourdan, Jonathan Oatis Organizations: Peronist, International Monetary Fund, Buenos Aires, Reuters Graphics Reuters, Change, Thomson Locations: BUENOS AIRES, Buenos Aires

☆ Spain’s fugitive kingmaker, a striking Israel reservist and Musk’s risky X factor
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +1 min

A fugitive separatist leader could determine whether or not Spain’s Prime Minister Pedro Sanchez holds on to power. Plus, the risks for Elon Musk’s ‘X’ and inside the delicate negotiations over the missing US soldier. An earlier version incorrectly referred to the Junts party as the organizers of the banned Catalonia independence referendum in 2017. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. Meta, Microsoft, hundreds more own trademarks to new Twitter nameTravis King crossing puts North Korea border tours under scrutinyAnti-Netanyahu protests mount after Israel passes judicial billhttps://www.reuters.com/world/europe/spain-faces-political-uncertainty-after-right-fails-win-predicted-majority-2023-07-24/Our Standards: The Thomson Reuters Trust Principles.

Persons: E ”, Pedro Sanchez, Elon Musk’s, Carles Puigdemont, Travis King, Netanyahu Organizations: Apple, Google, Reuters, Elon, PDeCAT, Thomson, Microsoft Locations: Catalonia, North Korea, spain

IMPORTED ASSEMBLY KITSAfter a chaotic decade following the collapse of the Soviet Union in 1991, Russia encouraged Western carmakers to build factories. "Undoubtedly, the expansion of Chinese carmakers on the Russian market will continue," said Andrey Olkhovsky, the head of dealership chain Avtodom. It is a radical change of fortunes for Chinese carmakers in Russia. Production of Chinese vehicles only began in Russia in 2019 with the arrival of Chinese automotive company Great Wall Motor (601633.SS). LESS LOCAL INPUTUnder the partnership with Chinese firms, less of the production at former Western factories is currently conducted in Russia, the sources said.

Persons: Jetour, Maxim Shemetov, Moscow's, Sergei Sobyanin, French carmaker, JAC, Sehol, Moskvich, capitalising, Vladimir Bespalov, Vladimir Putin, Andrey Olkhovsky, Olkhovsky, Wall, Sollers, Avtovaz, Denis Manturov, Gleb Stolyarov, Alexander Marrow, Zhang Yan, Daniel Flynn Organizations: REUTERS, French, French carmaker Renault, Moscow Automobile Factory, JAC Motors, Reuters, Renault, Nissan, Russia's Industry, Trade Ministry, Wall, Chery, Geely, HK, Argo, Ford Transit, Nissan's St, Lada, China's FAW Group's, FAW, Western, Trade, Thomson Locations: Lyubertsy, Moscow Region, Russia, Soviet, Moscow, Anhui, Ukraine, Soviet Union, Western, Tula, Autostat, Tatarstan, Nissan's, Nissan's St Petersburg, St Petersburg, Leningrad, Japan, Europe, China, Shanghai

☆ 3 travel agents for the world's wealthiest people share exactly where the 1% are traveling this summer, from Botswana to the Côte d'Azur
▼ + stars: | 2023-07-20 | by ( Mark Ellwood | ) www.businessinsider.com time to read: +9 min

Summer travel can be done on a budget, but for the world's wealthiest people, no expense is spared. Top travel agents shared the hottest spots they're seeing this year, from Paros to the Côte d'Azur. Instead, look to the elite group of agents who help wrangle those jaunts and cater to the wealthiest, most demanding vacationers. Courtesy of John CliffordJohn Clifford in San Diego runs International Travel Management and has expertise with LGBTQ+ travel. Insider asked these travel professionals to share the secrets of where and how the richest 1% are vacationing in summer 2023.

Persons: they've, Jules Maury, Jules Maury Jules Maury, Scott Dunn, John Clifford, John Clifford John Clifford, Edward Granville ., Edward Granville Edward Granville, Granville, Maury, I've, Clifford, he's, Côte, they're, We've, Rod, it's, Paros, It's, Cosme, Parilio, Avant, she's, she'd, Milos Organizations: Côte, Service, San Diego, Travel Management, d'Azur, Porto Heli, Italy, Avant Mar, HBO, Domenico Palace Locations: Paros, Wall, Silicon, San, Red Savannah, London, COVID, Europe, Cannes, France, Africa, Botswana, Namibia, Botswana's Okavango Delta, Kenya, Porto, Greece, Italy, Spain, Athens, Amalfi Coast, Rome, Sicily, Domenico

☆ 2023 Women’s World Cup: Four ways the tournament is breaking new ground
▼ + stars: | 2023-07-19 | by ( Ben Church | ) edition.cnn.com time to read: +8 min

Co-hostsThis year will be the first time the Women’s World Cup will be hosted by two federations, New Zealand and Australia. But this year’s event will mirror the format used in the men’s World Cup for the first time. New Zealand's Eden Park will host the opening game of the Women's World Cup. “The future is women – and thanks to the fans for supporting what will be the greatest FIFA Women’s World Cup ever,” FIFA president Gianni Infantino told reporters last month. Zambia is one of the teams making its debut at the Women's World Cup this year.

Persons: Eden, don’t, Brett Phibbs, “, –, Gianni Infantino, Lionesses, Michael Bradley, Melchie Dumornay, Nicolas Delepine, there’s, ” Infantino, ”, David Aganzo Organizations: CNN, Sydney’s, United States Women’s National, Reuters, FIFA, Republic of Ireland, Spain, Africa, Nations, Qatar, Getty, Olympique Lyonnais –, ” Locations: Australia, New Zealand, Sydney, Melbourne, Brisbane, Adelaide, Perth, Zealand, Auckland, Hamilton, Wellington, Dunedin, Norway, China, Eden, Canada, Republic of, Haiti, Republic of Ireland, Morocco, Panama, Philippines, Portugal, Vietnam, Zambia, Japan, Costa Rica, Moroccan, South Africa, Europe, ” Haiti, Thailand, –

☆ Simon Cowell says the sexual assault of a former 'X Factor' contestant was 'horrific and heart-breaking'
▼ + stars: | 2023-07-15 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

Simon Cowell said the sexual assault of an "X Factor" contestant was "horrific" and "heartbreaking." Simon Cowell described the sexual assault of a former "X Factor" contestant as "horrific and heart-breaking" after she criticized the support provided by the show's producers. Spraggan, who performed her own songs in her audition for "The X Factor," pulled out of the show during production, citing illness. "The X Factor" has faced criticism from other former UK contestants over their treatment. The X Factor was produced by Thames [part of Freemantle] and Syco, who were primarily responsible for duty of care towards all of its programme contributors."

Persons: Simon Cowell, Lucy Spraggan, Spraggan, she'd, Rylan Clark, they'd, I'd, Tim Whitby, Spraggan wasn't, Cowell, Lucy, Katie Waissel, Simon Cowell's Organizations: Guardian, Morning, Fremantle, BBC News, ITV, Thames Locations: London, Fremantle

☆ Former GOP lawmaker says Casey DeSantis is 'America's Karen' to a lot of people, and she can only do so much to help her husband Ron
▼ + stars: | 2023-07-10 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Former GOP congressman, David Jolly, told MSNBC that Casey DeSantis has "become America's Karen." and presidential hopeful Ron DeSantis — has "become America's Karen." "Look, she's a more effective messenger than Ron DeSantis, but if all she's doing is amplifying the wrong message, she's actually clarifying Ron DeSantis' weaknesses," Jolly told MSNBC. We are going to learn that the more Casey DeSantis gets out there," Jolly added. Casey DeSantis, a former news anchor, has been credited with boosting her husband Ron's 2024 presidential campaign and improving the governor's image.

Persons: David Jolly, Casey DeSantis, Karen, Jolly, it's, Casey DeSantis — who's, Ron DeSantis —, she's, Jonathan Capehart, Ron DeSantis, Ron's, Casey, Scott Parkinson, DeSantis, Donald Trump Organizations: GOP, MSNBC, Service, Republican, Florida Gov, Florida's, Congressional District, CNN, Representatives, Disney Locations: Wall, Silicon, Florida

☆ Opinion | The Great Genius of ‘Succession’ Was Hovering Two Inches Above Reality
▼ + stars: | 2023-05-29 | by ( Kurt Andersen | ) www.nytimes.com time to read: +2 min

Like most of the great cable dramas, and to me, like so much of contemporary life, “Succession” was simultaneously tragic and comic, entertaining and horrifying. On the surface, the show blurred fiction and reality in a way that was juicy and fun. “Succession” has perfectly captured the current zeitgeist, with all its confusions and contradictions. At least 53 million ordinary folks watched Vogue’s video of the rich and famous arriving at the Met Gala on May Day. “Succession’s” huge HBO budgets afforded it the verisimilitude of endless private planes and extravagant locations filled with hundreds of extras.

☆ Casey and Ron DeSantis have such a close partnership they've morphed into a singular entity people call 'The DeSanti:' Politico
▼ + stars: | 2023-05-22 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

People close to Ron DeSantis say he and his wife Casey are like a singular entity: "The DeSanti." They told Politico Casey DeSantis has the most sway over her husband and is "more paranoid than he is." "She is both his biggest asset and his biggest liability," a DeSantis donor told Politico. Ron DeSantis and his wife Casey are so inseparable they've morphed into one collective being that people close to them dub "The DeSanti." She's the scorekeeper, " a high-ranking DeSantis staffer told Politico.

☆ One Direction's Liam Payne says he's over 100 days sober
▼ + stars: | 2023-05-17 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +1 min

CNN —Liam Payne is heading in a new direction. Earlier this week, the One Direction alum revealed to iFL TV that he’s “over 100 days” sober, saying, “I feel amazing, I feel really, really good.”“The support from the fans and everything’s been really good too. He added that he often drank before going on stage in an effort to manage the stress. We had an absolute blast, but there were certain parts of it where it just got a little bit toxic.”Looking ahead, Payne told iFL TV this week that in addition to being sober, he’s also working on a new album that he’s “really excited” about. Payne was a member of boyband One Direction between 2010 and 2015 alongside Styles, Malik, Louis Tomlinson and Niall Horan.

The billionaire entrepreneur, also the top boss of Twitter, last week announced that NBCUniversal's former advertising head Linda Yaccarino will succeed him as Twitter CEO and that he will focus on products and technology at the social media firm. Here are some topics that may be discussed at the shareholder meeting. Proxy advisory firm Glass Lewis recommended Tesla shareholders vote against Straubel's appointment, citing worries about his independence. DEMANDInvestors hope Musk will talk about demand against the backdrop of a slowing economy and growing competition. He had flagged strong demand for the Cybertruck, but it takes time to get the manufacturing line going for the "very radical product".

☆ 'It can't get much worse than this': A trail of portfolio managers have resigned or been liquidated as the once lush index-rebalance strategy dries up
▼ + stars: | 2023-05-11 | by ( Alex Morrell | ) www.businessinsider.com time to read: +5 min

Heavyweight multi-strategy hedge funds aren't known for their patience. It seems their patience has run out on the index-rebalance strategy, one of the most popular and sought-after hedge fund moneymakers in recent years. Representatives for the hedge funds declined to comment or did not respond to requests for comment. While hedge funds are allocating their capital elsewhere, they haven't given up on index-rebalance trading. Do you know more about the index-rebalance trade?

Prince William honored his father with a few words during Sunday night's concert - the first ever to be staged at Windsor Castle, home to monarchs for almost 1,000 years. Royals dance the night awaySeveral members of the royal family got their groove on throughout the concert. Chris Jackson/Getty ImagesMesmerizing drone displayA fabulous drone display lit up the sky over the coronation concert, earning audible gasps from the crowd below. Crowds watch illuminated drones creating a light display above Windsor Castle. But when Miss Piggy, dressed in a cerise pink evening dress and glittering necklace, recognized “Downton Abbey” star Bonneville she had other things in mind, thinking he was a real lord.

☆ Finland has been named the happiest country for the 6th year running. Here are the 10 happiest countries in the world, ranked.
▼ + stars: | 2023-03-24 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

The World Happiness Report released its yearly rankings of the happiest countries this week. Most of the top 10 countries were in Europe, with Nordic nations claiming the top three spots. Finland was named the happiest country in the world for the sixth year running,Top editors give you the stories you want — delivered right to your inbox each weekday. Finland claimed first place for the sixth year running with a score "significantly ahead of all other countries," according to the report. The remaining Nordic countries — Norway, Sweden, Iceland, and Denmark – also made it into the top 10, ranking seventh, sixth, third, and second respectively.

☆ Analysis: Market turmoil is doing central bankers' jobs for them
▼ + stars: | 2023-03-21 | by ( Yoruk Bahceli | ) www.reuters.com time to read: +5 min

European Central Bank President Christine Lagarde reckons market turmoil may do some of the ECB's tightening for it if it dampens demand and inflation. Financial conditions reflect the availability of funding in an economy, so they dictate spending, saving and investment plans of businesses and households. Central banks have been trying to tighten them by raising rates to slow rising prices. Signs of tightening financial conditions were plentiful. "Central banks no longer have a good idea about the true tightness of monetary policy," he said.

☆ Cruise ships have named celebrity 'godmothers' including Oprah Winfrey, Queen Elizabeth, and Nicole Scherzinger. Here's what the role involves.
▼ + stars: | 2023-03-05 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Being a cruise ship godmother is a long-standing tradition. Here's where a cruise ship's godmother is and what the role includes. A cruise ship godmother is a long-standing tradition. Several cruise companies, including Norwegian, have a mixture of ship godmothers and godfathers. Naming a cruise ship godmother is also a marketing initiative, celebrities sponsoring ships brings more publicity and build excitement for the launch of a new ship.

☆ BRIT awards: Harry Styles triumphs with most wins
▼ + stars: | 2023-02-11 | by ( Marie-Louise Gumuchian | ) www.reuters.com time to read: +3 min

LONDON, Feb 11 (Reuters) - Harry Styles was the big winner at the BRIT awards, Britain's pop music honours, on Saturday, winning all four categories he had been nominated in, a week after his triumph at the Grammys. "I'm really, really grateful for this and I'm very aware of my privilege up here tonight," Styles said in his acceptance speech, dedicating the artist of the year award to a list of female singers. Styles, who rose to fame on talent show "The X Factor" as a member of boy band One Direction, last week won two Grammy awards, including album of the year. Thank you so much for the welcome home," Styles said on Saturday after his final win, for best album. [1/3] Harry Styles speaks after receiving the award for Best Pop/R&B Act at the Brit Awards at the O2 Arena in London, Britain, February 11, 2023.

One of the really interesting questions here – this will be fascinating – the core of linear TV is sports rights. When you look at the size and scope of the linear TV business, it's huge. Patrick T. Fallon | Afp | Getty ImagesByron Allen, Entertainment Studios founder and CEO: I think linear TV will exist for a very, very long time. Simmons: I believe Apple, out of nowhere, will start making their own awesome televisions that have Apple TV embedded in them. We are witnessing early stages of this dynamic with deals like "NFL Sunday Ticket" on YouTube and the MLS deal with Apple TV.

☆ 6 science-backed ways to stave off dementia and preserve your memory as you age
▼ + stars: | 2023-02-03 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +3 min

A healthy diet, regular exercise, and an active social life can keep your memory stronger. Those who had more "healthy lifestyle factors" had slower memory decline than those who did not. Researchers looked at six factors: a healthy diet, regular exercise, regular social contact, cognitive activities, and abstaining from both smoking and alcohol. This suggests that despite having a higher risk for memory loss, a healthy lifestyle can have a positive effect on slowing memory decline, the authors of the report said. They added that there needs to be further research on the link between healthy habits and the slowing of memory loss.

☆ A former X Factor contestant studied law so she could sue Simon Cowell's company after the show 'almost ruined my life,' report says
▼ + stars: | 2023-01-15 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

A former X Factor contestant told the Sunday Times she plans to sue Simon Cowell's company. Waissel said she sought therapy for PTSD after X Factor, and that Syco failed in its duty of care. "There are so many of us who have been so trapped and it's not fair, there was a huge imbalance in power," Waissel told the newspaper. The X Factor made stars of contestants in both the US and UK, including One Direction, Little Mix, and Camila Cabello. Were you an X Factor contestant?

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