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☆ Trump is spending most of his court-free days without public campaign events
▼ + stars: | 2024-05-11 | by ( Daniel Dale | Kristen Holmes | ) edition.cnn.com time to read: +5 min

But a review of his activities over the trial’s first four weeks shows that he has done little campaign travel, and held few public campaign events, on days off from court. Trump held no public events on seven of the 12 court-free days. But he has let the majority of the 12 off days pass without doing any public campaign events. No public events; attended Republican National Committee fundraising luncheon at Mar-a-LagoMay 5: Day off court. No public events; attended dinner with NFT buyers at Mar-a-LagoMay 9: CourtMay 10: CourtMay 11: Day off court.

Persons: Donald Trump, “, ” Trump, baselessly, Joe Biden, It’s, Trump, Andrzej Duda, New Jersey CNN’s Kate Sullivan Organizations: Washington CNN, Trump, Democratic, Republican National Committee, New, Trump Tower, Bedminster, Republican National, Mar, Miami Locations: Manhattan, Pennsylvania, Florida, North Carolina , Georgia, Ohio , New Hampshire, South Carolina, New York , New Jersey, Georgia, South Carolina , Ohio, New Hampshire, Ohio, Poland, New York City, Wisconsin, Michigan, North Carolina, New Jersey, Miami, Bedminster, New York

☆ McDonald’s is working to introduce a $5 value meal
▼ + stars: | 2024-05-10 | by ( Kate Rogers | ) www.cnbc.com time to read: +2 min

McDonald's is working to introduce a value meal in U.S. stores to help offset an increasingly challenging environment for consumers, two people familiar with the matter told CNBC. The value meal was first reported by Bloomberg News. The potential new offering comes at a time when low-income consumers are beginning to pull back on spending, particularly at fast-food brands. Mentions of low-income consumers on company earnings calls are at their highest levels in nearly two years, according to data from Bank of America. An initial proposal by McDonald's for the $5 value meal did not clear necessary hurdles, and additional details are now being discussed, according to a person familiar with the process.

Persons: McDonald's, Dave, Buster's, Chris Kempczinski, Kempczinski, Ian Borden, — CNBC's Amelia Lucas Organizations: CNBC, Bloomberg News, Bank of America, McDonald's, U.S Locations: U.S

☆ Consumers exhibit restraint in restaurant spending
▼ + stars: | 2024-05-10 | by ( Kate Rogers | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers exhibit restraint in restaurant spendingCNBC's Kate Rogers reports on consumer sentiment from the restaurant industry's chief executives.

Persons: Kate Rogers

☆ Biden plans for higher taxes on the ultra-wealthy and corporations to extend middle-class tax breaks
▼ + stars: | 2024-05-10 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Director of the National Economic Council Lael Brainard speaks at the White House in Washington, D.C., on January 11, 2024. President Joe Biden's top economic advisor on Friday laid out plans for the country's looming debate over trillions in expiring tax breaks enacted by former President Donald Trump. Several provisions from the Tax Cuts and Jobs Act, or TCJA, of 2017 will expire after 2025 without any changes from Congress. Those include lower federal income tax brackets, a higher standard deduction and doubled estate and gift tax exemption, among others. The Republicans' signature tax package also permanently reduced corporate taxes by dropping the top federal rate from 35% to 21%.

Persons: Lael Brainard, Joe Biden's, Donald Trump Organizations: National Economic, White, Washington , D.C, Republicans, Finance, Hamilton, Brookings Institution Locations: Washington ,

☆ The next union organizing wave is at Apple
▼ + stars: | 2024-05-10 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +7 min

Apple store workers in Towson, Maryland, made history in June 2022 when they voted to form the first union at one of the tech giant’s sleek US stores. But the union vote in New Jersey this weekend, along with other efforts across the country, could just be the beginning. The Apple workers (possibly) going on strike is going to be a spark for other workers,” Bronfenbrenner said. Workers at the Towson Town Center Apple hold their new union T-shirts after their store employees decided to join the International Association of Machinists Union. Theirs is the first Apple store in the US to vote for union representation.

Persons: Apple, ” Kate Bronfenbrenner, ” Bronfenbrenner, Jay Wadleigh, Barbara Haddock Taylor, Bronfenbrenner, There’s, “, ”, Catherine Thorbecke Organizations: New, New York CNN, Apple, Big Tech, US, Employees, National Labor Relations Board, Labor Education Research, Cornell’s School of Industrial and Labor Relations, Oklahoma City, Towson, CNN, Maryland Apple, International Association of Machinists, Aerospace Workers Coalition, Retail Employees, Workers, Towson Town Center Apple, Baltimore Sun, Tribune, Service, Getty Images, Google, Union, NLRB, World Trade, US Labor Board Locations: New York, Washington, China, Towson , Maryland, Baltimore, Maryland, New Jersey, New York City, United States, International Association of Machinists Union, Short Hills, Atlanta, Cupertino , California

☆ IRS boosts health savings account contribution limits for 2025
▼ + stars: | 2024-05-09 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

The IRS has unveiled the 2025 contribution limits for health savings accounts, which are triple-tax advantaged for medical expenses. The new HSA contribution limit for 2025 will be $4,300 for self-only health coverage, up from $4,150 in 2024, based on inflation adjustments, the IRS announced Thursday. The contribution limit will also increase for savers with family coverage. The IRS will release the 2025 catch-up contribution for savers age 55 and older later this year. The IRS defines "high-deductible" as at least $1,650 for self-only plans or $3,300 for family coverage for 2025.

Persons: Roth, HSAs Organizations: IRS, Finance, of America Locations: HSAs

☆ IRS reminder: Time to claim $1 billion in tax refunds from 2020 expires on May 17
▼ + stars: | 2024-05-09 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

There is $1 billion in unclaimed 2020 tax refunds up for grabs — but the last chance to file returns and collect the money is approaching. Nearly 940,000 taxpayers have until May 17 to file 2020 returns and claim their refund, the IRS said in a "final reminder" this week. The deadline is "terribly important" because there's a three-year refund expiration after each tax deadline, said certified public accountant John Karls, partner at accounting firm Armanino. "If you let if you let it slip, there's nothing anybody can do," said Bill Smith, national director of tax technical services at financial services firm CBIZ MHM. "You won't get your refund when the statute of limitations has run out."

Persons: —, John Karls, Roth, Bill Smith, CBIZ Organizations: Finance

☆ Stormy Daniels Is Steady on the Stand: 5 Takeaways From Trump’s Trial
▼ + stars: | 2024-05-09 | by ( Kate Christobek | Jesse Mckinley | ) www.nytimes.com time to read: +1 min

Eventually, Ms. Necheles went straight to the point. Ms. Daniels responded forcefully: “No.”At the conclusion of the day, Mr. Trump’s lawyer, Todd Blanche, asked Justice Juan M. Merchan whether he would modify a gag order to let Mr. Trump respond publicly to Ms. Daniels’s testimony. The judge denied the request and Mr. Trump’s second motion this week for a mistrial. The former president is accused of falsifying business records to hide a $130,000 payment to Ms. Daniels just before the 2016 election, a payment meant to silence her story. Mr. Trump, 77, has denied the charges and says he did not have sex with Ms. Daniels.

Persons: Stormy Daniels, Donald J, Trump, Susan Necheles, Daniels’s, Necheles, ”, Daniels, Trump’s, Todd Blanche, Juan M Locations: Nevada, Lake Tahoe

☆ This is the 'sweet spot' for Roth individual retirement account conversions, expert says
▼ + stars: | 2024-05-09 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

If you're weighing a Roth individual retirement account conversion, you could save on taxes by leveraging a limited window of time, experts say. Roth conversions transfer pretax or nondeductible IRA money to a Roth IRA, which kickstarts future tax-free growth. After you stop working, but before you start required withdrawals from retirement accounts, is "the sweet spot" for Roth conversions, according to JoAnn May, a Berwyn, Illinois-based certified financial planner at Forest Asset Management. Plus, many investors want to leverage lower income tax brackets through 2025 before provisions could sunset from former President Donald Trump's signature tax overhaul, she said. After a Roth conversion, you'll owe regular income taxes on the converted amount.

Persons: Roth, JoAnn May, IRAs —, Donald Trump's, you'll Organizations: Roth IRA, Asset Management, Finance Locations: Berwyn , Illinois

☆ Barron Trump selected to be a Florida delegate at Republican National Convention
▼ + stars: | 2024-05-09 | by ( Kristen Holmes | ) edition.cnn.com time to read: +2 min

CNN —Former President Donald Trump’s youngest son, Barron Trump, was selected by the Florida GOP as an at-large delegate for Florida at the Republican National Convention, according to a list of delegates obtained by CNN. Barron joins several other family members – Donald Trump Jr., Eric Trump and Tiffany Trump – who were also selected. Before Donald Trump’s hush money criminal trial began, his attorneys had asked for May 17 off so that he could attend Barron’s graduation. The Republican National Committee will hold its convention in Milwaukee in July. Last month, the RNC asked the Secret Service to keep protesters farther back from the convention than is currently planned.

Persons: Donald Trump’s, Barron Trump, Barron, – Donald Trump Jr, Eric Trump, Tiffany Trump –, Steve Witkoff, Trump’s, Sergio Gor, Trump, Todd Steggerda, …, ”, Alexi Worley, ” Donald Trump, CNN’s Kate Sullivan, Shania Shelton, Daniel Strauss Organizations: CNN, Florida GOP, Florida, Republican National Convention, Trump, NBC News, Republican National, RNC, Service, Secret Locations: Florida, Milwaukee, Milwaukee’s

☆ Prince Harry reunited with Princess Diana's family to celebrate the Invictus Games. The royal family didn't attend.
▼ + stars: | 2024-05-09 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +5 min

Prince Harry is in the UK to celebrate 10 years of the Invictus Games. AdvertisementThe royal family was noticeably absent from a ceremony celebrating the Invictus Games. The Invictus Games, a worldwide sporting competition for injured veterans, marked 10 years since its creation on Wednesday. AdvertisementAs part of the anniversary celebrations, The Invictus Games Foundation hosted a Service of Thanksgiving at St Paul's Cathedral in London. Chris Jackson/Getty Images for Invictus Games Foundation)Harry traveled to the UK to attend the ceremony and other events marking the anniversary.

Persons: Prince Harry, Princess Diana's, King Charles III, Prince William didn't, —, London . Prince Harry, Chris Jackson, Harry, Queen Camilla, Diana's, Earl Charles Spencer, Lady Jane Fellowes, Max Mumby, Spencer, King Charles, Meghan Markle, Charles, Meghan, Duke, Sussex, Buckingham, Prince William, Sussex's, Kate Middleton's, Kate, Prince, Princess of Organizations: Invictus, Service, Invictus Games, Charity Commission, St Paul's Cathedral, Getty, Wednesday, Mail, BBC, Good Morning America, Reuters, Buckingham Palace, Sussex, Netflix Locations: England, Wales, Paul's, London, St Paul's, Buckingham

☆ Stocks making the biggest moves midday: Planet Fitness, AMC, Airbnb, Roblox and more
▼ + stars: | 2024-05-09 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Arm — Shares of British chip designer fell 1% in volatile trading after the company issued revenue guidance that left investors unimpressed. Airbnb said revenue in its second quarter total $2.68 billion to $2.74 billion, while analysts were expecting $2.74 billion, according to LSEG. AppLovin — The mobile technology company soared 19% on the heels of better-than-expected first quarter earnings . Warby lost 2 cents a share, narrower than the consensus forecast of 9 cents per share from analysts surveyed by FactSet. Cheesecake Factory — Shares rallied nearly 9% after the chain's first quarter earnings beat estimates.

Persons: FactSet, Forthe, Klaviyo, Airbnb, AppLovin, AMC's financials, Duolingo, —, Warby Parker, Warby, Kate Spade, Roblox, That's, Raymond James, Ancora, Alan Shaw, Equinix, amortization, Charles Meyers, Samantha Subin, Yun Li, Jesse Pound, Sarah Min, Hakyung Kim, Tanaya Macheel, Michelle Fox, Scott Schnipper Organizations: LSEG, LSEG . Revenue, AMC Entertainment, Revenue, FactSet . Revenue, FactSet, Leadership, JPMorgan, Norfolk Southern, postmarket Locations: The Virginia

☆ Watch CNBC's full interview with Robinhood CEO Vlad Tenev on global expansion, AI and a blowout Q1
▼ + stars: | 2024-05-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Robinhood CEO Vlad Tenev on global expansion, AI and a blowout Q1CNBC's Kate Rooney sits down with Robinhood CEO Vlad Tenev to discuss the company's better-than-expected Q1 results, and where he sees pockets of growth in the fintech space as the company expands its services and offerings on a global level.

Persons: Vlad Tenev, Kate Rooney

☆ YouTube is ready to capitalize on its status as No. 1 streamer
▼ + stars: | 2024-05-08 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Ad industry watchers are waking up to the fact that TV's big star is Google's YouTube. YouTube is ready to capitalize as it heads into TV's big upfront selling season. Industry observers widely believe YouTube is taking in far less ad revenue than it should be, based on its share of view time. Why YouTube is big on live sportsYouTube also affirmed its commitment to the industry's most sought-after content, live sports. YouTube still faces legacy ad buying structures where some agencies still buy old-fashioned TV and social video separately.

Persons: Nielsen, Neal Mohan, Mary Ellen Coe, Sean Downey, Zach King, Haley Kalil, Billie Eilish, Brian Albert, Brandcast, Donald De La Haye, Deestroying, Albert, Kate Alessi, Tricia McCormack, Brian Wieser Organizations: YouTube, Netflix, Hulu, Industry, Business, US, Google, NBA, Disney, Systems Locations: New York

☆ As high-paying jobs become harder to get, more Americans are looking to Uber and Lyft for extra income
▼ + stars: | 2024-05-07 | by ( Jacob Zinkula | Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

Gig work, in particular ride-hailing for companies like Uber and Lyft, is getting more popular. AdvertisementMore and more Americans are taking up gig work for companies like Uber and Lyft — in part because some have fewer options to land high-paying jobs. Additionally, BofA found that people with ride-hailing income earned, on average, more a month than those who did delivery gig work. Vacation rental was the highest-earning gig BofA measured, but this is only accessible to people with a home to rent out. While some young people could value the supplementary income gig work can provide — particularly if they're struggling to pay the bills — others may end up disappointed.

Persons: Uber, —, Lyft, BofA, it's, they've, Kate Bahn, X, Gen, they're Organizations: Service, Bank of America, Bank of America Institute, Bureau of Labor Statistics, Institute for Women's, Research, Atlanta Fed, millennials

Trump's reputation was tied to his "playboy" image, which came with rumors of affairs. According to one report, Trump tried to get Playboy magazine to run a "Girls of Trump" spread featuring his employees. This June 7, 1995, file photo shows Trump posing for photos above the floor of the New York Stock Exchange after taking his flagship Trump Plaza Casino public in New York City. AP/Kathy Willens"He even tried to get Playboy to do a spread called 'The Girls of Trump,' wooing his most shapely staffers, including a former beauty queen secretary, into posing for the magazine with a sliding scale of offers on everything from full nude to breast to 'wet-lip' shots," Wayne Barrett wrote in his 1991 book "Trump, The Greatest Show on Earth: The Deals, The Downfall, The Reinvention." Barrett continued: "It was all part of the rakish ethos of phony glamour that he consciously fostered, even to the extent of concealing from public view a very efficient secretary with a pimplish facial condition."

Persons: Trump, Kathy Willens, Wayne Barrett, Barrett Organizations: Playboy, New York Stock Exchange, Trump Plaza Casino, AP, Trump Locations: New York City

☆ Please, no more naked dresses at the Met Gala
▼ + stars: | 2024-05-07 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +5 min

Naked dresses once again dominated the Met Gala red carpet on Monday night. AdvertisementAnother year, another sea of naked dresses at the Met Gala. John Shearer/Getty ImagesThis isn't to say some of those naked dresses haven't been standout looks — quite a few ended up on our list of the best Met Gala outfits of all time. Dimitrios Kambouris/Getty ImagesAnd unexpected might be the perfect word to describe what's been missing from so much of fashion lately, especially at the Met Gala. So, let's give the naked dresses a rest and bring some surprise back to the Met Gala.

Persons: Kim Kardashian, Jennifer Lopez, —, you'd, hasn't, It's, John Shearer, haven't, Emily Ratajkowski, Cher, Bob Mackie, Mackie, Ron Galella, Kate Moss, Liza Bruce, Rihanna, Alo Ceballos, Christian Siriano, Elle Fanning deservedly, J.G, Ballard, Elle Fanning, Jamie McCarthy, Dynevor's, Victoria Beckham, Beckham, Phoebe Dynevor, Dimitrios Kambouris, what's, Guo Pei Organizations: Service, Time Magazine, Vogue, Getty, Google

☆ More home sellers are paying capital gains taxes — here’s how to reduce your bill
▼ + stars: | 2024-05-07 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

More Americans are paying capital gains taxes on home sale profits amid soaring property values — but there are ways to reduce your bill, experts say. In 2023, nearly 8% of U.S. home sales yielded profits exceeding $500,000, compared to about 3% in 2019, according to an April report from real estate data firm CoreLogic. It's key for a special tax break for homeowners who make a profit when selling a primary residence. Married couples filing together can make up to $500,000 on the sale without owing capital gains taxes. "With the recent rise in home values, more sellers have been facing a capital gains tax hit," Quinones said.

Persons: Jaime Quinones, " Quinones Organizations: Finance, Stockade Wealth Management Locations: U.S, Marlboro , New Jersey

☆ Stormy Daniels Delivers Intense Testimony in Trump’s Trial: 6 Takeaways
▼ + stars: | 2024-05-07 | by ( Kate Christobek | Jesse Mckinley | ) www.nytimes.com time to read: 1 min

“The people call Stormy Daniels.”So began the intense and often uncomfortable testimony of Ms. Daniels, who spent almost five hours in a Manhattan courtroom on Tuesday recounting her story of a 2006 encounter with Donald J. Trump and the ensuing hush-money cover-up that has become the bedrock of the prosecution’s case. Ms. Daniels spoke quickly and at length about her first meeting with Mr. Trump at a celebrity golf tournament in Lake Tahoe, Nev.After the lunch break, Mr. Trump’s lawyer Todd Blanche moved for a mistrial, arguing that the prosecution’s questions were designed to embarrass Mr. Trump and prejudice the jury. The judge, Juan M. Merchan, agreed that some of Ms. Daniels’s testimony “may have been better left unsaid,” but denied a mistrial.

Persons: Stormy Daniels, ”, Ms, Daniels, Donald J, Trump, Trump’s, Todd Blanche, Mr, Juan M, Merchan Locations: Manhattan, Lake Tahoe, Nev

Prosecutors cannot force Donald J. Trump to testify at his criminal trial in Manhattan, but that does not mean they can’t use his words against him. On Tuesday, the prosecutors unearthed a series of damaging excerpts from books that the former president wrote, plucking out passages to help make their case against Mr. Trump. In essence, they called a past version of Mr. Trump to testify against his future self. In his own words, Mr. Trump described how he kept a focus on minute details and watched every penny that left his accounts, corroborating a core component of the prosecution’s case as they argue that he knew that his company falsified business records to cover up a hush-money payment to Stormy Daniels, a porn star. On cross-examination, Mr. Trump’s lawyer, Todd Blanche, suggested that a ghost writer had been responsible for these words.

Persons: Donald J, Trump, Stormy Daniels, Trump’s, Todd Blanche Locations: Manhattan

☆ Chicken is a hit among fast food consumers
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChicken is a hit among fast food consumersCNBC's Kate Rogers joins 'Power Lunch' to discuss the increase of sales at food chains of chicken.

Persons: Kate Rogers

☆ I started a business with my mom right out of college and we've grown it to 7 figures in revenue. I've never had a real job, and I love being my own boss.
▼ + stars: | 2024-05-06 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +6 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . After graduating with a psychology degree in 2010, I went into business with my mom, Ann Lightfoot. What started as a mother-daughter duo organizing closets and hauling trash has turned into a successful business with 14 employees. Clients started pouring in.

Persons: Kate Pawlowski, Ann Lightfoot, Pawlowski, —, It's, I've, Lightfoot, Julia D'Agostino, We've, we've, Decluttering Organizations: Service, Facebook Locations: Montclair , New Jersey, New York

☆ Here's how to avoid getting 'hammered' on inherited individual retirement account taxes, experts say
▼ + stars: | 2024-05-06 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Inherited individual retirement accounts can be a financial boost for heirs, but the windfall can trigger tax issues, experts say. Withdrawals from pretax inherited IRAs incur regular income taxes. Since 2020, certain heirs can no longer "stretch" retirement account distributions over their lifetime to reduce yearly taxes. Now, certain heirs, including most adult children, must deplete inherited accounts within 10 years, known as the "10-year rule." While only about 20% of May's clients have inherited IRAs, she expects more heirs to face the tax-planning issue as baby boomers age.

Persons: IRAs, Ed Slott, Roth, Slott, JoAnn May Organizations: Finance, IRS, Asset Management Locations: Berwyn , Illinois

☆ Trump Is Threatened With Jail at His Criminal Trial: 5 Takeaways
▼ + stars: | 2024-05-06 | by ( Jesse Mckinley | Kate Christobek | ) www.nytimes.com time to read: +1 min

Donald J. Trump’s Monday began with a grave warning from Juan M. Merchan, the judge presiding over the former president’s criminal trial, threatening to imprison him if he continued to flout a gag order. That testimony was elicited from two employees, one current and one retired, of the Trump Organization. The former president is accused of falsifying business records to cover up that $130,000 payment. Mr. Trump, 77, the first American president to face criminal prosecution, has denied the charges and says he did not have sex with the woman, Stormy Daniels. If convicted, he could face prison time or probation.

Persons: Donald J, Trump’s, Juan M, Justice Merchan, Trump, “, Michael D, Cohen, Stormy Daniels Organizations: Mr, Trump Organization

☆ I use my psychic powers to help corporations make money. My best ideas have earned me more than $500,000.
▼ + stars: | 2024-05-05 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

So I did it and it worked, and I made an awful lot of money for people. My advice was so profitable that these clients started recommending me to their friends in other businesses and industries. By and large, the businesses I worked with are not good forces in the world — they're capitalist extractive machines. AdvertisementMy spiritual clients pay me a flat monthly fee ranging from a minimum of £4,000 to a maximum of £20,000. I charge a minimum retainer fee of £2,000 per month, but my real income comes through a success fee.

Persons: Kate Tomas, I've Organizations: Service, Business, Oxford Locations: Wales, London, Hollywood

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