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☆ Evercore ISI says sell these two retail giants ahead of earnings on the shaky consumer
▼ + stars: | 2024-02-14 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Evercore is moving to the sidelines on Target and Walmart due to potentially weaker consumer spending. Housing costs remain high, the analyst said, which could hurt consumer spending. Shares of Walmart have ticked up roughly 7% from the start of the year, while Target stock has climbed more than 2%. Evercore maintains an in line rating on Target stock with a $156 per share price target, or about 7% upside. On Walmart, Evercore is standing by an outperform rating with a $182 per share price target, which represents roughly 8% upside.

Persons: Evercore's cautiousness, Greg Melich, Melich, Evercore, — CNBC's Michael Bloom Organizations: Target, Walmart, Evercore

☆ Russia could be at war with NATO "within the next decade," intelligence report says
▼ + stars: | 2024-02-14 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Russia may be preparing for a "confrontation with the West," says Estonia's intelligence service. "Russia has chosen a path which is a long-term confrontation," said Estonia's intelligence chief. AdvertisementNATO may find itself at war with Russia in the next 10 years, says Estonia's foreign intelligence service. The intelligence agency said in a report on Tuesday that Russia may be preparing for a "confrontation with the West." "Russia has chosen a path which is a long-term confrontation," Rosin said during the report's launch, per Reuters.

Persons: —, Rosin, Donald Trump, Trump, he'd, didn't, Trump's, Ben Hodges, Hodges Organizations: NATO, Service, Reuters, US Army, British, Times, Business Insider Locations: Russia, Estonia, Estonian, Ukraine, Russian, South Carolina, US Army Europe

☆ SpaceX files to move incorporation site from Delaware to Texas
▼ + stars: | 2024-02-14 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +1 min

SpaceX has filed to change its incorporation location to Texas from Delaware, according to public filings with the Texas Secretary of State. Neuralink, another one of Musk's companies, has also begun moving its location of incorporation from Delaware to Nevada. He has also promised that Tesla will hold a shareholder vote to get approval to move the company's site of incorporation to Texas. "SpaceX has moved its state of incorporation from Delaware to Texas!" Musk is expected to file for appeal to the Delaware State Supreme Court regarding his pay package.

Persons: Elon Musk, Tesla, Musk, didn't, Elon Organizations: SpaceX, USSF, U.S . Space Force, Missile Defense Agency, Texas, State, Elon, Delaware, Court, Twitter Locations: Cape Canaveral , Florida, U.S, Texas, Delaware, Nevada

☆ How Elon Musk's war on Delaware could change the way corporations make some of their biggest decisions
▼ + stars: | 2024-02-14 | by ( Ian Thomas | ) www.cnbc.com time to read: +4 min

It remains to be seen what Tesla will do about Elon Musk's pay just a few weeks after a Delaware judge voided his $56 billion compensation package, the largest CEO pay package in public corporate history. But Musk has already made some big decisions, including a declaration of a war on the state of Delaware. "Never incorporate your company in the state of Delaware" Musk posted on X shortly after the decision. "Put simply, neither the Compensation Committee nor the Board acted in the best interests of the Company when negotiating Musk's compensation plan. But even as those figures have risen, Musk's compensation would be an "outlier among outliers," said Matteo Tonello, managing director at The Conference Board.

Persons: Elon Musk, Tesla, Elon Musk's, Musk, Chancellor Kathaleen McCormick, McCormick, Charles Elson, Todd Maron, Elson, Matteo Tonello Organizations: Elon, Twitter, Fortune, Weinberg, Corporate, Tesla, Company, The Conference Board Locations: Krakow, Poland, Delaware, Texas, Nevada

(AP) — The Missouri Supreme Court on Wednesday rejected the latest attempt by Republican state officials to block taxpayer dollars from going to Planned Parenthood, citing a failure in the state's legal appeal. The high court's decision upholds a ruling by a trial judge, who found that a 2022 funding bill violated the state constitution. The Supreme Court said Republican Attorney General Andrew Bailey's office failed to appeal the equal protection claim and it thus must stand. Missouri's Republican-led Legislature has tried for years to block any health care funding from going to Planned Parenthood because of its association with abortion. Lawmakers have been trying since then to reinstate a ban on funding for Planned Parenthood.

Persons: Andrew Bailey's, Yamelsie Rodriguez, Emily Wales Organizations: JEFFERSON CITY, Missouri Supreme, Republican, Missouri's Republican, U.S, Supreme, Lawmakers, Democratic Locations: Mo, Missouri, Louis Region, Southwest Missouri, Missouri's

☆ As London loses another listing, analysts are wary of writing off the UK capital
▼ + stars: | 2024-02-14 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

The offices of London Stock Exchange Group Plc, right, in Paternoster Square in the City of London, UK. Bloomberg | Bloomberg | Getty ImagesLONDON — TUI became the latest company to ditch its share listing in London, as shareholders voted overwhelmingly for the German travel giant to list solely in Frankfurt. Around 77% of transactions in TUI shares are currently settled via Germany, with the U.K. now accounting for less than a quarter. U.K. stocks are trading at a considerable discount to the rest of Europe, having suffered an investor flight in recent years. London still a contender London has also suffered a number of de-listings and high-profile IPO snubs over the past year.

Persons: TUI, Frankfurt's, Mathias Kiep, London, SoftBank, Rishi Sunak's Organizations: London Stock Exchange Group, City of, Bloomberg, Getty, London Stock Exchange, CNBC, Nasdaq Locations: Paternoster, City, City of London, London, Frankfurt, Hannover, Germany, TUI, Europe

☆ Martha Stewart says she's had work — but not plastic surgery — done to her face because she doesn't want to look her age
▼ + stars: | 2024-02-13 | by ( Amanda Goh | ) www.businessinsider.com time to read: +4 min

Stewart spoke to her dermatologist on "The Martha Stewart Podcast" about the treatments she's done. "I don't think a lot about age, but I don't want to look my age at all," Stewart said. In addition to cosmetic treatments, Stewart credits exercise and a healthy diet for helping her look youthful. "I don't think a lot about age, but I don't want to look my age at all," Stewart said. Advertisement"I just eat really well and I watch what I eat, and that's really the secret," she said on the podcast.

Persons: Martha Stewart, Stewart, —, Dan Belkin, Belkin, I've, hasn't, that's, BI's, Variety, she's Organizations: Service, BI

☆ Tesla board silent as investors await next steps after Elon Musk's $56 billion pay package revoked
▼ + stars: | 2024-02-13 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +7 min

Antonio Masiello | Getty ImagesTwo weeks after a Delaware court ruled that Tesla must rescind Elon Musk's $56 billion pay package, the company's board remains mum on what the decision means for shareholders or what's next for the mercurial CEO. CNBC sent requests for additional information to Tesla investor relations, Musk and some board members. "Given the high stakes involved, it is likely that Tesla will appeal the decision," Kastiel said in an email. In the absence of a successful appeal, "any new compensation arrangement with him will have to be assessed" in light of McCormick's decision, Kastiel said. Kastiel also said that the decision likely makes Musk and Tesla more vulnerable to other types of lawsuits.

Persons: Elon Musk, Antonio Masiello, Tesla, Chancellor Kathaleen McCormick, Musk, Richard Tornetta, Kimbal, Robyn Denholm, JB Straubel, Greg Varallo, Bernstein Litowitz Berger, Grossmann, Varallo, Kobi, Kastiel wasn't, Kastiel, Eric Talley, Talley, wasn't, He's, Walter Isaacson, CNBC's, you'll, Isaacson, Ann Lipton, Lipton, — Organizations: Tesla Inc, Fratelli, Getty, Elon Musk's, SEC, CNBC, Tel Aviv University, Washington University Law, Nasdaq, Columbia Law School, SpaceX, Tesla, Tulane Law Locations: Italy, Rome, Delaware, Texas, Tesla, Nevada, California

Yet it almost felt that way during Stewart's return to “The Daily Show” Monday night. Neither will that night prove Stewart can regain the position of prominence he stepped away from in August 2015. He moved swiftly into the news, and up-to-date doings of President Joe Biden and his Republican rival. “The Daily Show” even found one where Trump said he couldn't remember talking about how good his memory is. The “campaign” interlude allowed Stewart, and viewers who had drifted away from “The Daily Show” after he left, to become acquainted with unfamiliar cast members.

Persons: Jon Stewart, Stewart's, Stewart, Trevor Noah, ” Stewart, MSNBC's Rachel Maddow, Joe Biden, Robert Hur's, “ Joe Biden, ”, Biden, Kamala Harris, Donald Trump, Trump, ” Deggans, “, ” Jeremy Egner, Correspondent Dulce Sloan, Jordan Klepper, Jon Stewart ”, ___ David Bauder Organizations: Comedy Central, Central, Republican, The New York Times, Correspondent, Apple, Associated Press Locations: China

☆ Supreme Court gives Trump prosecutor a week to respond to delay request in election case
▼ + stars: | 2024-02-13 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Former U.S. President Donald Trump sits in the courtroom during his civil fraud trial at New York Supreme Court on January 11, 2024 in New York City. Supreme Court Chief Justice John Roberts on Tuesday told Department of Justice special counsel Jack Smith to respond to a request by Donald Trump to delay implementing an appeals court ruling that found he does not have presidential immunity in his federal election interference criminal case. Later Tuesday, a group of former officials in Republican presidential administrations from Richard Nixon to Trump in a filing with the Supreme Court said Trump has failed to make "two of the mandatory showings required for a delay of" the appeals court ruling. "This Court should deny a stay in this case because Mr. Trump's claim of such a boundless immunity is wrong," the filing said. Trump, in his filing Monday, asked the Supreme Court to delay the appeals court's mandate.

Persons: Donald Trump, John Roberts, Jack Smith, Roberts, Smith, Richard Nixon, Trump, Trump's, Joe Biden, Biden Organizations: U.S, New, Supreme, Tuesday, Justice, Republican, Monday, Washington , D.C Locations: New York City, Washington ,

☆ Federal judge tosses lobbying group's lawsuit challenging Medicare drug price negotiations
▼ + stars: | 2024-02-13 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

The decision is an early win for the Biden administration as it grapples with a flurry of other legal challenges that drugmakers have filed against the Medicare drug price negotiations. The judge's ruling won't end the legal battle over the policy, which could end up at the Supreme Court. A slate of major companies with drugs selected for negotiations, including J&J, Merck , and Bristol Myers Squibb , have filed separate lawsuits challenging the constitutionality of the price talks. The suit also argued that the price talks violate the Eighth Amendment because they include a "crippling" excise tax aimed at forcing drugmakers to accept the government-dictated price of medicines. The groups also argued that the price talks violate due process by denying pharmaceutical companies and the public input on how Medicare negotiations will be implemented.

Persons: Biden, drugmakers, Judge David Ezra of, Ezra, NICA's, Nicole Longo, PhRMA, Eli Lilly, Johnson, NICA Organizations: U.S . Department of Health, Human Services, Supreme, Medicare, Western, Western District of Texas, Pharmaceutical Research, Manufacturers of America, Global Colon Cancer Association, National, Center Association, CNBC, Pfizer, Johnson, Merck, Bristol Myers Squibb, Chamber of Commerce, Department of Health, Department of Justice Locations: Washington ,, Western District, PhRMA, Ohio

☆ Trump asks Supreme Court to delay a presidential immunity ruling in 2020 election case
▼ + stars: | 2024-02-12 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Former U.S. President Donald Trump speaks during a press conference held at Mar-a-Lago on February 08, 2024 in Palm Beach, Florida. Lawyers for Donald Trump on Monday asked the Supreme Court to temporarily halt a ruling rejecting his claim that he is immune from being criminally charged with trying to overturn his loss in the 2020 presidential election. "Without immunity from criminal prosecution, the Presidency as we know it will cease to exist," Trump's attorneys wrote in an application for the Supreme Court to pause the ruling from a lower court. Trump's immunity claim "presents a novel, complex, and momentous question that warrants careful consideration on appeal," his attorneys wrote. Trump's application for a stay keeps the case on hold, at least until the Supreme Court issues a decision on whether or not to grant the request.

Persons: Donald Trump, Jack Smith's, Trump's, Joe, Biden, Trump, John Roberts, George W, Bush, Tanya Chutkan's Organizations: U.S, Mar, Monday, Washington , D.C, Trump, Republican, D.C, U.S ., Appeals, District of Columbia Circuit Locations: Lago, Palm Beach , Florida, Washington ,, U.S

☆ Jon Stewart is coming back to a broken TV landscape
▼ + stars: | 2024-02-12 | by ( Peter Kafka | ) www.businessinsider.com time to read: +2 min

Welcome back to TV, Jon Stewart. But since Stewart left in 2015, the "Daily Show" audience has gotten very small, and very old. So here, to spell it out, are three charts from Nielsen showing the decline of prime-time TV, the decline of late-night TV, and the fact that the people who still watch conventional TV are … not young. Big picture: Conventional TV used to attract 103 million people a night back in 2015. Here's what has happened to average viewership across prime-time TV — including both broadcast and cable networks — since 2015.

Persons: Jon Stewart, Stewart, —, Trevor Noah, Stewart's Organizations: Nielsen

Former President Donald Trump kicked off a last-ditch effort to preserve his claim of total immunity from criminal charges by asking the Supreme Court on Monday to intervene, filing an application for a stay of a lower-court ruling that he cannot use immunity as a defense. “President Trump is the leading candidate for President in the 2024 election,” Trump’s attorneys wrote in the application. The Best Cartoons on Donald Trump View All 292 Images“For the purpose of this criminal case, former President Trump has become citizen Trump, with all of the defenses of any other criminal defendant,” the judges wrote. The request for a stay precedes an expected appeal to the high court and was not a surprise. Until the Supreme Court acts on the request for a stay, the appellate judges will delay formally sending their decision, or “mandate,” to U.S. District Judge Tanya Chutkan, who is overseeing the election interference trial.

Persons: Donald Trump, Trump, ”, Biden –, President Trump, Trump’s, Tanya Chutkan, Chutkan, eviscerated, Fred Wertheimer, ” Wertheimer, “ Organizations: “, U.S ., Appeals, Capitol, Donald Trump View, Trump, Democracy Locations: U.S, Colorado

☆ Jon Stewart's reason for parting ways with Apple TV+ offers a glimpse into the fury he'll unload on 'The Daily Show'
▼ + stars: | 2024-02-12 | by ( Aaron Mok | ) www.businessinsider.com time to read: +1 min

Jon Stewart finally revealed why his Apple TV+ show "The Problem" got canceled. The host told CBS the streaming platform didn't want him to say things that might get him into "trouble." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAmerican talk show host Jon Stewart has returned to "The Daily Show" after a nearly decadelong hiatus — a move that comes just months after Apple TV+ canceled his show "The Problem With Jon Stewart" last October. And I thought I was going to do it over at Apple TV+," Stewart told "CBS Mornings" during an interview on Monday morning.

Persons: Jon Stewart, —, Stewart Organizations: Apple, CBS, Service, Business

☆ Istanbul was the most-visited city in the world with over 20 million international travelers in 2023
▼ + stars: | 2024-02-11 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

In December, Euromonitor International released its annual list of the Top 100 City Destinations in the world for 2023. The report compared cities using 55 metrics across six categories, including tourism infrastructure, health and safety, sustainability, tourism performance, and more. Euromonitor International's analysis also included a top 10 ranking of global cities based on the number of international arrivals. New York City was the only destination in the United States to make Euromonitor International's top 10 list. This, in turn, will drive consumer demand for intraregional travel, especially as travel purchases are frequently discretionary," Nadejda Popova, Senior Manager at Euromonitor International says of the report's findings.

Organizations: Euromonitor, Apple Locations: New York City, United States

☆ NFL legends who surprisingly never won a Super Bowl
▼ + stars: | 2024-02-11 | by ( Max Kalnitz | Mykenna Maniece | ) www.businessinsider.com time to read: +1 min

Countless star NFL players have cemented their greatness by winning the Super Bowl. Many great players, however, fell short of winning the sport's greatest achievement. AdvertisementWinning the Super Bowl is what every professional football player strives to accomplish. On Sunday, February 11, the Kansas City Chiefs and San Francisco 49ers will go head-to-head at Super Bowl LVIII at Allegiant Stadium in Las Vegas. With the game quickly approaching, we put together a (subjective) list of the greatest NFL players who never won a Super Bowl ... but should have.

Persons: Jim Kelly, — Organizations: Buffalo Bills, Service, football's, Kansas City Chiefs, San Francisco 49ers, NFL Locations: Allegiant, Las Vegas

(AP) — President Joe Biden's personal attorney said Sunday he went to both the special counsel and the attorney general to register concerns over what he viewed to be pejorative and unnecessary digs at the president's memory. “This is a report that went off the rails,” Bob Bauer said on CBS' Face the Nation Sunday. “It’s evident that he had committed to make the report public the way that the special counsel had written it,” said Bauer. He said the special counsel made a decision “to cherry pick in a very misleading way” what references made it in and what didn't. The Justice Department has not commented on the criticism.

Persons: Joe Biden's, Bob Bauer, “, Robert Hur, General Merrick Garland, Mr, Biden, Beau, Beau Biden, Jill Biden, Bauer, Anita Dunn, Hur, Garland, ”, Rod Rosenstein, that’s, he'd, Donald Trump, Trump, ” Hur, ” Bauer Organizations: Sunday, CBS, Democrats, White, Department, Former Trump, CNN, “, Union, of Justice, Justice Department, U.S . Capitol, Republican, Trump, The Locations: WILMINGTON, Del, Israel, U.S

☆ I went to Chase's brand-new airport lounge and saw firsthand how pampered I could feel before a flight
▼ + stars: | 2024-02-10 | by ( Joey Hadden | ) www.businessinsider.com time to read: +2 min

I recently visited the new Chase Sapphire Lounge at LaGuardia Airport in NYC. The lounge is complimentary for some Chase Sapphire Reserve cardholders. That's the reality at the Chase Sapphire Lounge, an exclusive airport club in Boston, Hong Kong, and, most recently, New York City. AdvertisementThe Chase Sapphire Lounge is free and unlimited for $550-per-year Chase Sapphire Reserve credit cardholders, who can bring up to two more travelers for free, according to the company's website. The cardholder must also activate their Priority Pass airport lounge membership — complimentary through Chase Sapphire Reserve — to access the space.

Persons: Chase, —, John F, cardholders, Ioannis Tzielekis Organizations: LaGuardia, Chase, Service, Kennedy International Airport, Chase Sapphire, LaGuardia Airport's Locations: NYC, Boston , Hong Kong, New York City, JFK, LaGuardia

☆ Bots are some DoorDash and Walmart Spark delivery gig workers' dirty secret
▼ + stars: | 2024-02-10 | by ( Alex Bitter | ) www.businessinsider.com time to read: +6 min

Frustrated by falling pay and intensifying competition on delivery apps, some gig workers are turning to "bots" — apps and other programs that claim to help them optimize their earnings. AdvertisementBots can "negatively impact other drivers"Using a bot violates the delivery apps' terms for workers, the companies told Business Insider. One called "Spark Ninjas" supposedly captures orders automatically on Walmart's Spark delivery platform. Bots appear to be just one way that some gig workers are improving their earnings. Do you work for a gig delivery app like Instacart, DoorDash, or Walmart Spark and have a story idea to share?

Persons: —, I'm, DoorDash, Para, illicitly, Sharell, Barshishat, there's, Spark Organizations: Service, DoorDash, Business, Indiana, Uber, New York Times, Walmart, Nike, Facebook, BI Locations: Indiana, DoorDash, Para, Texas

MARYVILLE, Tenn. (AP) — Law enforcement in eastern Tennessee continued their search Saturday for a man who is accused of fatally shooting one sheriff's deputy and injuring another during a traffic stop. More than $80,000 in reward money has been pledged for information leading to the arrest of 42-year-old Kenneth DeHart, Blount County Sheriff James Lee Berrong said. Deputy Greg McCowan, 43, was killed in the shooting, while Deputy Shelby Eggers, 22, was treated at a hospital and released, the sheriff's office said Friday. A procession of law enforcement vehicles joined a hearse containing McCowan's body that traveled on Friday through Maryville, which is about 17 miles (27 kilometers) south of Knoxville. McCowan began his career as a deputy in 2020 after graduating from a regional law enforcement training class, Berrong said Friday.

Persons: Kenneth DeHart, Blount County Sheriff James Lee Berrong, Greg McCowan, Shelby Eggers, “ We're, ” Berrong, Ryan Desmond, DeHart, McCowan, Desmond, Berrong Organizations: —, Blount County Sheriff, The Tennessee Bureau of Investigation Locations: MARYVILLE, Tenn, Tennessee, Blount County, Maryville, Knoxville, Sevier County

☆ Amelia Earhart's relative says new sonar images could be aviator's vanished plane
▼ + stars: | 2024-02-10 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

Read previewA relative of Amelia Earhart agrees that a recent sonar image could show the iconic pilot's long-vanished aircraft. It sure looks like a plane," Kleppner told The Times of London. AdvertisementEarhart and Noonan likely disappeared about 100 miles from Howland Island, near the site of the sonar images. Romeo and his team hope to retrieve the Electra from a depth of 16,400 feet if it proves to be Earhart's plane. AdvertisementThere's no guarantee it's been found, expert saysA map of the location where Earhart's plane is believed to have gone missing along her presumed flight path.

Persons: —, Amelia Earhart, Bram Kleppner, Amelia Earhart's, Earhart, Fred Noonan, Kleppner, Amy Kleppner, Amelia, who's, Tony Romeo, Romeo, it's, Lockheed Electra, Noonan, we've, Katherine Tangalakis, David Jourdan, Andrew Pietruszka, Jourdan Organizations: Service, Business, Times, Lockheed, Smithsonian Museum, Washington DC, Bettmann, US Air Force, Street Journal, Electra, Getty, CNN, Scripps Institution of Oceanography Locations: London, Atchinson , Kansas, Washington, Howland Island, California

Photos You Should See View All 21 ImagesThe Biden campaign circulated talking points to allies that were obtained by The Associated Press. Biden aides say they do not expect the president or his campaign to take on the age question more directly. Messina compared the special counsel's report to former FBI Director James Comey's October 2016 announcement that he was further investigating former Secretary of State Hillary Clinton's handling of classified emails. Beyond celebrating the release of the special counsel's embarrassing descriptions of Biden, Trump won a new trove of delegates in Nevada's Thursday caucuses, where he ran unopposed. Barry Goodman, a Biden fundraiser from Michigan, said he’s had some donors “take a wait and see approach” about supporting Biden, even before the special counsel’s announcement.

Persons: Joe Biden's, couldn't, Biden, Robert Hur's, Beau, Hur, “, ” Sen, Brian Schatz, they’ve, Trump, MAGA, doesn’t, ”, —, Kamala Harris, LaJoia Broughton, can’t, Sleepy Joe, Kate Berner, “ Donald Trump, Jim Messina, Barack Obama’s, Messina, James Comey's, Hillary Clinton's, “ There’s, ” Messina, “ Trump, I’d, Trump's, Joe Biden, What’s, ” Donald Trump Jr, Barry Goodman, he’s, ” Goodman, Goodman, Trav Robertson, General Merrick Garland, “ Merrick Garland, ” Robertson, Biden's, gaffes, Nancy Pelosi, Nikki Haley, Biden didn't, Dan Goldman, Robert Garcia, Mike Johnson, ” Garcia, ” ___, Bill Barrow, Ayanna Alexander Organizations: WASHINGTON, Joe Biden's Democratic, Democrats, Capitol, “ Republicans, Trump, The Associated Press, Democratic, Biden, Clinton, South Carolina Democratic Party, Republican, ” ___ Peoples Locations: Hawaii, U.S, Florida, Washington, South Carolina, Columbia, Nevada's, Michigan, Mexico, Iran, Israel, New York, Atlanta

☆ I spent one night in a luxurious tropical resort and the other camping near it. My vacation was balanced, and I saved money.
▼ + stars: | 2024-02-10 | by ( Tegan Forder | ) www.businessinsider.com time to read: +5 min

We decided on a local getaway to Fitzroy Island, which is just a 45-minute ferry ride from my friend's home in Cairns. When visiting the island, guests have two options for accommodations: staying at the Fitzroy Island Resort or the campground next to the resort. Fitzroy Island ResortWhen we got off the ferry from Cairns, we headed to the Fitzroy Island Resort, where guests could check in to either the hotel or the campground. We ended the trip on a high by checking into the Fitzroy Island ResortAfter a day of snorkeling, we finally checked in to the Fitzroy Island Resort. Fitzroy Island ResortSpending money on a fancy dinner seemed justified after our camping compromise the night before.

Persons: —, Tegan Forder Organizations: Service, Fitzroy, Business, Restaurant, Zephyr Locations: Australia, Cairns, Fitzroy

☆ Why millennials' retirement outlook may be worse than older generations
▼ + stars: | 2024-02-09 | by ( Greg Iacurci | ) www.cnbc.com time to read: +9 min

'Deteriorating' retirement outlookAbout 38% of early millennials (those born in the 1980s) will have "inadequate" retirement income at age 70, according to projections from a 2022 Urban Institute study. watch now"We do see the retirement outlook deteriorating for future generations," including millennials, said Richard Johnson, director of Urban's retirement policy program and co-author of the report. Millennials' student loans dent their net worthA 2021 paper by the Center for Retirement Research at Boston College had similar findings. Meanwhile, the last major Social Security overhaul, in 1983, gradually raised the program's "full retirement age" to 67 years old. That will make it easier to save for retirement, according to a Brookings Institution report.

Persons: Jamie Grill, Craig Copeland, Gen X, Xers, Richard Johnson, Johnson, aren't, Millennials, Gen Xers, CRR, X, EBRI, Anqi Chen, Copeland, millennials, they're, William Gale, Hilary Gelfond, Jason Fichtner, there's, Sean Deviney, Deviney Organizations: Social Security, Research Institute, Urban, Center for Retirement Research, Boston College, Research, Transamerica Center, Retirement Studies, Finance, IRA, Pensions, Social, Center, Budget, Brookings Institution, Vanguard Group Locations: U.S, Fort Lauderdale , Florida

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