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☆ Saving for your child's college education? Here’s how to invest for the next 10 years, according to the pros
▼ + stars: | 2023-10-23 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Parents thinking of saving for their children's college education in around a decade could be in for some sticker shock. Breaking down the costs U.S. college tuition inflation averaged 12% annually from 2010 to 2022, according to T. Rowe Price, citing research by Education Data Initiative . Even assuming a more modest 5% annual inflation rate, the estimated total college cost could be as high as $383,823, she said. That college tuition bill 10 years from now — taking the $165,000 as a baseline and assuming a 3% normalized inflation rate and tuition inflation of 6% — could hit $295,000, according to Ebright. "It is important to maintain some exposure to growth assets as tuition inflation has traditionally been higher than the broader economy," Shen said.

Persons: Laura Suter, AJ Bell, Rowe Price, Wenting Shen, Shen, Alan Ebright, they're, AJ Bell's Suter, Rowe Price's Shen, Berkshire Hathaway, Suter Organizations: CNBC, AJ, Education Data Initiative, College Board, Check Capital Management, University of California, Securities, Berkshire, Fidelity Emerging Markets, Companies, Fidelity Locations: U.S, Asia, Britain, United States, Berkshire

☆ 9 entrepreneurs who left corporate America share the biggest challenges of running a business — and what to expect before quitting to work for yourself
▼ + stars: | 2023-10-23 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "Entrepreneurship can get overglamorized," said Tyler Wright, who left a sales job to build a personal finance brand and coaching business. "You have to manage yourself better and differently because you're working a job and you're trying to get something else off the ground, but you don't have to do it." Now, "I'm the CEO, I'm the CFO, I'm the head of content, I'm the head of accounting, I'm the head of everything," he continued. "When you're working for yourself, you're responsible for making the product, planning the product, marketing the product, maintaining your studio, training your assistant.

Persons: —, Tyler Wright, there's, Wright, Phil Thompson, Mike Gardon, Thompson, Ludomir Wanot, Katie Lauffenburger, Steph Gordon, Den Mathu, Den, Gordon, it's, Adah Fitzgerald, Lauffenburger, Katie McCarron, we've, I'm Organizations: Service, Entrepreneurship, Amazon, Evergreen Housing Network, Wonder, Portland Pet Food Company Locations: America, Toronto, Portland

Inflation and hikes from the Federal Reserve have pushed mortgage rates up to record highs over the past year and a half. Mortgage rates will fall eventually, but there's still a decent amount of uncertainty in the economy. See more mortgage rates on Zillow Real Estate on ZillowMortgage Refinance Rates TodayMortgage type Average rate today This information has been provided by Zillow. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. But whether mortgage rates will drop in 2023 hinges on if the Federal Reserve can get inflation under control.

Persons: there's, decelerate, Fannie Mae Organizations: Federal Reserve, Zillow, Mortgage, Association, Sky, ARM Locations: Chevron

☆ What to Know About the Link Between Red Meat and Type 2 Diabetes
▼ + stars: | 2023-10-20 | by ( Knvul Sheikh | ) www.nytimes.com time to read: +2 min

The study does not show that eating red meat directly causes Type 2 diabetes; it only shows an association between how much red meat you eat and your risk of disease. But the study’s findings echo other research that raises concerns about eating large amounts of red meat, and suggest that dietary changes could make an impact. Why might red meat be harmful to your health? “Red meat has pros and cons,” said Dr. Ruchi Mathur, an endocrinologist at Cedars-Sinai in Los Angeles who was not involved in the study. But red meat is also high in saturated fat, and “depending on the processing, can be high in sodium and preservatives,” Dr. Mathur said.

Persons: —, ”, Ruchi Mathur, Dr, Mathur Locations: Cedars, Sinai, Los Angeles

☆ Amazon falls ahead of next week’s earnings results. How to play the stock now
▼ + stars: | 2023-10-20 | by ( Christina Falso | ) www.cnbc.com time to read: +1 min

Ahead of a busy week of Big Tech earnings, the Nasdaq Composite shed more than 3% on the week. Shares of the tech giant lost 3.5% on the week and closed Friday's trading session down 2.5%. Ahead of a busy week of Big Tech earnings, the Nasdaq Composite shed more than 3% on the week. Shares of the tech giant lost 3.5% on the week and closed Friday's trading session down 2.5%. Amazon reports earnings next Thursday after the bell and is held in Jim Cramer's Charitable Trust portfolio.

Persons: Jim Cramer, Jim Cramer's Organizations: Big Tech, Nasdaq, JPMorgan, Trust, Movers

☆ House speaker vote live updates: Rep. Jim Jordan won't hold third vote today
▼ + stars: | 2023-10-19 | by ( Andrew Menezes | Matt Meyer | ) edition.cnn.com time to read: +2 min

We need to work on fiscal matters of the (Continuing Resolution) expiring 17 November. So I think for our country we need it, but I think it may delay the speaker’s thing. I believe it is a constitutional desecration to not elect a Speaker of the House. We need to stay here until we elect a speaker,” said Rep. Matt Gaetz. We have a job which is to elect a speaker, not a speaker pro tempore.

Persons: Patrick McHenry, Don Bacon, Jim Jordan, ” “, we’ve, We’ve, ”, Marc Molinaro, Jordan, “, Jim, —, Molinaro, Bud Light, Matt Gaetz, can’t, Andy Ogles, McCarthy’s, Ralph Norman, “ I’m Organizations: Republicans, Republican, ” Locations: Israel, McHenry

☆ Can hydrogen be green? The debate heats up as the White House pours $7 billion into hydrogen hubs
▼ + stars: | 2023-10-19 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

The White House is spending $7 billion to spur "clean" hydrogen. The goal is to spur the production of "clean" hydrogen, because the way it's currently produced is a dirty business. Anna Menke, the task force's senior hydrogen-hubs manager, said she wants the debate to move away from green versus blue hydrogen because each technology has its pros and cons. Korgel noted that the federal definition of "clean" hydrogen has been evolving, but should be more clear soon. The Internal Revenue Service has to decide what "clean" hydrogen is eligible for a tax credit worth up to an estimated $100 billion over its lifetime.

Persons: Joe Biden, it's, Robert Howarth, Howarth, Anna Menke, Menke, Brian Korgel, Biden, Korgel Organizations: Service, Cornell University, Air Task Force, US Department of Energy, Energy Institute, University of Texas, Chevron, ExxonMobil, Sempra Infrastructure, Internal Revenue Service Locations: Gulf Coast, Pacific Northwest, Appalachia, Austin, Gulf

☆ Tesla tumbles after posting quarterly results. Here's what the pros say
▼ + stars: | 2023-10-19 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the latest reactions on Tesla from investors and analysts. The pros discussed the electric vehicle maker after it reported earnings that fell short of analysts' estimates , the first time since the second quarter of 2019 that Tesla has missed on both earnings and revenue. Additionally, analysts from Goldman Sachs, Citi and Morgan Stanley cut their price targets on Tesla, whose stock slid 9.3% Thursday.

Persons: Tesla, Goldman Sachs, Morgan Stanley Organizations: Citi

AdvertisementAdvertisementThe information for the following product(s) has been collected independently by Business Insider: Hilton Honors American Express Surpass® Card, Hilton Honors American Express Aspire Card. Antonio Busiello/Getty ImagesAmex is raising the annual fees on the Hilton Honors American Express Surpass® Card and Hilton Honors American Express Aspire Card credit cardsand Hilton Honors American Express Aspire Card credit cards Both cards also receive increased benefits such as complimentary rental car elite status and annual statement creditsEnhanced benefits will offset the increased annual fee for some cardholders. We'll give you the bad news first: American Express is raising annual fees on the Hilton Honors American Express Surpass® Card and the Hilton Honors American Express Aspire Card. Hilton Honors American Express Surpass® Card Insider’s Rating Info icon Insider's Ratings are decided by our editorial team. The Hilton Honors American Express Surpass also comes with complimentary Hilton Gold elite status.

Persons: Hilton, Antonio Busiello, —, that's, Conrad Organizations: Business, Hilton, American, Hilton Honors, Amex Hilton Aspire, Hilton Honors American, Service, American Express, Hilton Aspire, U.S, Hilton Gold, Gold, Honors American, Hilton Honors American Express, Express, Waldorf, Emerald, Express Aspire, Aspire Locations: U.S, Hilton

AdvertisementAdvertisementThe information for the following product(s) has been collected independently by Business Insider: Hilton Honors American Express Surpass® Card, Hilton Honors American Express Aspire Card. Customers who hold the mid-tier Hilton Honors American Express Surpass® Card or the premium Hilton Honors American Express Aspire Card will soon receive enhanced benefits – as well as increased annual fees. What you should know about the Hilton Honors Amex CardThe Hilton Honors Amex is the hotel chain's base-level credit card. If you reach the $2,000 spending requirement making Hilton hotel purchases, you could end up with 114,000 Hilton Honors points, since eligible Hilton purchases earn 7 points per dollar. If you're a heavy Hilton loyalist, consider the mid-tier Hilton Honors American Express Surpass® Card or the premium Hilton Honors American Express Aspire Card.

Persons: Hilton, —, David Slotnick, Amex, You'll, you'll Organizations: Business, Hilton, American, Hilton Honors, Service, Honors, U.S, Hilton Gold Locations: Bangkok, U.S, Hampton, Colombia, Mexico's Baja California

☆ CNBC Pro Talks: Munro Partners' Nick Griffin to discuss AI, Big Tech and stocks to short
▼ + stars: | 2023-10-17 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

Join CNBC's Will Koulouris as he quizzes Nick Griffin, chief investment officer of Munro Partners, on the AI theme, Big Tech, and how to play stocks such as Nvidia and Microsoft . Munro Partners, with $4.3 billion Australian dollars under management, is focused on global growth stocks. The Munro Global Growth Fund's top five holdings are Alphabet , Amazon , Nvidia , Visa and Microsoft . The firm has another growth-focused fund, the Munro Concentrated Global Growth Fund, with a return of 12% per annum since its inception in 2019. He has been with Munro Partners since 2016 and before that was head of international equities at K2 Asset Management and was also at Deutsche Bank.

Persons: Koulouris, Nick Griffin, Munro, Griffin, Eli Lilly Organizations: Munro Partners, Big Tech, Nvidia, Microsoft, Global, Novo Nordisk, Visa, Samsung SDI, Asset Management, Deutsche Bank Locations: U.S

☆ The analysts who study price charts for a living don’t like this stock market
▼ + stars: | 2023-10-17 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

The stock market is showing signs of shaking off its late summer slump, paving the way for a potential year-end rally. The S & P 500 is up more than 3% since Oct. 3 and has risen comfortably above its 200-day moving average near 4,200. And other indexes that try to better represent the entire market than the S & P 500 are showing weakness, according to a Monday note from Strategas strategist Chris Verrone. "These have been very messy charts, but both the equal-weight S & P and the Russell 2000 are again back to negative standing in our proprietary trend model," Verrone said. "The S & P 500 continues to track its seasonal tendency as well.

Persons: JC O'Hara, Roth MKM, Jonathan Krinsky, Chris Verrone, Russell, Verrone, Verrone's, Jason Trennert, Frank Gretz, Wellington Shields, Gretz, Oppenheimer, Ari Wald, " Wald, — CNBC's Michael Bloom Organizations: Wall, Nasdaq, Wellington, CNBC Locations: U.S, uptrends

Average 30-year mortgage rates are down a bit compared to where they've been in recent weeks. Mortgage Rates TodayMortgage type Average rate today This information has been provided by Zillow. See more mortgage rates on Zillow Real Estate on ZillowMortgage Refinance Rates TodayMortgage type Average rate today This information has been provided by Zillow. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. But whether mortgage rates will drop in 2023 hinges on if the Federal Reserve can get inflation under control.

Persons: they've, Fannie Mae Organizations: Zillow, Federal Reserve, Mortgage, Association, Sky, ARM Locations: Chevron

☆ McDonald's HR exec says to ignore this common piece of career advice: ‘You might surprise yourself’
▼ + stars: | 2023-10-16 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

Not all career advice is good advice. It's also the one piece of career advice Tiffanie Boyd, McDonald's senior vice president and chief people officer for the U.S., encourages people to ignore when considering a job offer. "But you might surprise yourself and find something you love, or are really good at — and you'll never know unless you take that chance." Want to earn more and land your dream job? ET to learn how to level up your interview and negotiating skills, build your ideal career, boost your income and grow your wealth.

Persons: you'll, It's, Tiffanie Boyd, McDonald's, Boyd, it's, you'd Organizations: CNBC

The Philadelphia Phillies slugger said it would be a dream to play for Team USA when baseball returns for the 2028 Los Angeles Games. He would be 10 years into the contract and 35 years old, should he get the chance to play for Team USA in LA. The WBC is operated by MLB and takes place during spring training, meaning players do not need to miss regular season games to participate. Cricket, flag football, softball, lacrosse and squash also were confirmed Monday by the International Olympic Committee to be held at the Los Angeles Games. Phillies manager Rob Thomson, raised in Corunna, Ontario, was part of the Canadian squad that competed in the 1984 Summer Olympics in Los Angeles when baseball was a demonstration sport.

Persons: — Bryce Harper, Harper, texted, ” Harper, “, they’ll, it’s, Rob Thomson, ”, ___ Organizations: PHILADELPHIA, Olympics, The Philadelphia Phillies, Team USA, Los Angeles Games, Major League Baseball, NHL, USA, Baseball, MLB, Phillies, Arizona, WBC, Winter, Cricket, International Olympic Committee, IOC, Canadian, Venezuela, Dodger Locations: Japan, LA, Mumbai, India, Corunna , Ontario, Los Angeles

☆ You can advocate for yourself in labor, and a nurse shares how
▼ + stars: | 2023-10-16 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +9 min

Things can change quickly when delivering a baby, and the experience could start to look different from what you expected, said North Carolina-based labor and delivery nurse Jen Hamilton. I think that people don’t know that at any point we can stop. I have a lot of patients who come in who are terrified, and they don’t know what questions to ask. Meaning that it’s A-OK if somebody comes into the hospital and they really don’t know what they’re going to want. Sometimes they get into labor and realize that that is not what is going to be a positive birth experience for them.

Persons: Jen Hamilton, Hamilton, we’re, doesn’t, There’s, …, don’t, there’s, you’re, I’ve, “, ” Organizations: CNN, Hamilton Locations: North Carolina, Hamilton

☆ Want to retire in 5 years? Here’s how to invest for it, according to the pros
▼ + stars: | 2023-10-16 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +5 min

So, what are the best investment strategies if you are looking to retire in around five years' time? This calls for a much higher exposure to riskier assets like stocks, says Stevenson. Stock/bond/cash split When deciding how to plan assets across stocks, bonds and cash, the pros say an appropriate balance between short-term stability and long-term growth potential is key. For someone in their 50s looking to retire soon, Ward suggests allocating 65%-85% of their assets to stocks and the remaining 15%-35% in bonds. Bullish on Japan, tech plays Within each asset allocation, the importance of diversification should not be overlooked, according to the pros.

Persons: Tom Stevenson, Stevenson, Thomas Poullaouec, Rowe Price, Laith Khalaf, AJ Bell, Fidelity's Stevenson, Fidelity's Stevenson reckons, Judith Ward, Ward, Poullaouec Organizations: Fidelity International Locations: Bullish, Japan, China, Europe

☆ Receiving an inheritance? Here's how experts say to handle any windfall
▼ + stars: | 2023-10-16 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

Inheritances come in three primary forms: cash, real estate and investments. How to handle a cash inheritanceCash is the easiest asset to handle, as long as you're not receiving a boatload of it. How to handle inheriting real estateUnless your parents lived in a palace, you're unlikely to run into the inheritance tax limit on a real estate inheritance either. But remember: Real estate often comes with upkeep costs, says Patel. "People underestimate the expense in real estate, so you should be aware of that prior to making the decision."

Persons: it's, windfalls, Grandpa Winston's, Inheritances, Clay Ernst, Cash, Pratik Patel, We're, Patel, you'll, —, Ernst Organizations: University of Pennsylvania, Federal Reserve's Survey, Consumer Finances, Edelman, BMO Family Office Locations: United States

☆ I moved to LA at 18 with the dream of being an influencer. I lost myself, and I can't wait to leave.
▼ + stars: | 2023-10-15 | by ( Marta Biino | ) www.businessinsider.com time to read: +6 min

She moved to Los Angeles to pursue a career as an influencer in early 2021. I knew LA was the place where influencers lived, the place to be when you wanted to do social media. AdvertisementAdvertisementOne time in seventh grade, I told my dad, "I'm going to live in LA one day." So when I "blew up" on TikTok and gained an audience, moving to LA was at the top of my mind. LA is great, until it's notOn my very first night in LA, I got blackout drunk.

Persons: Rhegan Coursey, —, influencer, I've, LA, influencers, it's, I'm, I'd, Coursey, It's Organizations: Service, Coachella Locations: Los Angeles, Dallas , Texas, LA, Texas, Dallas

☆ The Budget-Friendly Lighting Solution Pros (and Renters) Love
▼ + stars: | 2023-10-14 | by ( Sarah Karnasiewicz | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/style/design/wireless-sconce-budget-friendly-lighting-renters-love-f9c40123

Persons: Dow Jones, f9c40123

Some mortgage lenders permit a mortgage transfer if you have an assumable mortgage, and if your situation falls into one of the exceptions listed in the due-on-sale clause. How to know if your mortgage is transferableTo determine whether you're able to transfer your mortgage, you'll have to see if you have an assumable mortgage. An assumable mortgage will let a borrower transfer the mortgage to someone else even if they haven't fully paid it off. If you have an adjustable-rate mortgage or a government-backed mortgage (including FHA, VA, and USDA mortgages), you might have an assumable mortgage. Can you transfer your mortgage to someone else FAQsCan you just transfer a mortgage to another person?

Persons: —, Christopher Hurdman, You'll, Hurdman, you'll Organizations: Service, Chevron

☆ ECB policymakers eye springtime push to cut payments on banks' deposits, sources say
▼ + stars: | 2023-10-13 | by ( Balazs Koranyi | ) www.reuters.com time to read: +5 min

MARRAKECH, Oct 13 (Reuters) - European Central Bank policymakers are planning a springtime push to cut interest payments made to commercial banks, in part to recoup some of the costs associated with a decade worth of stimulus, sources familiar with discussions said. That would mean overall interest payments to lenders - which still earn the ECB deposit rate, currently 4%, on other excess cash parked with the central bank - would be reduced further. But the ECB rejected the proposal in July, partly on resistance from its Executive Board, the sources said. The board's key argument is that excess liquidity is distributed unevenly across the euro zone and raising the ratio would put an excessive burden on smaller banks with a larger portion of deposits. Deutsche Bank CEO Christian Sewing argued that the change would add to banks' financial burdens and restrict their lending options.

Persons: Bundesbank, Joachim Nagel, Robert Holzmann, Latvia's Martin Kazaks, Isabel Schnabel, Austria's Holzmann, France's Francois Villeroy de, Pierre Wunsch, We're, Schnabel, Deutsche Bank CEO Christian Sewing, Tom Sims, John Stonestreet Organizations: Central Bank, ECB, Austrian, Barclays, Deutsche Bank CEO Christian, Thomson Locations: MARRAKECH

BOWLING GREEN, Ky. (AP) — Republican voter Mark Cook stuck with his party in Kentucky's last election for governor. Once again, Warren County, which includes the leafy, fast-growing college town of Bowling Green, looms as a potential swing area. Those undecided voters included Carol Martin of Bowling Green, who wanted to hear more from both candidates. “I believe him," the retiree said while strolling through a downtown Bowling Green park. "And what you see is what you get.”A Republican lawmaker from Bowling Green had a different view.

Persons: Mark Cook, Andy Beshear, Cook, Donald Trump, Joe Biden, Beshear, “ He's, ” Cook, “ I’ve, I’m, Daniel Cameron, Kentuckians, Matt Bevin, Trump, Cameron, ”, Scott Lasley, “, Carol Martin, Martin, “ I’m, Bevin, Dale Chaffin, Chaffin, Still, what's, Donald Kubeny, Roe, Wade, he’s, Linda King's, ” King, Gary Jolly, Susann Davis, ” Davis, Olivia Thomas, Patti Minter, it’s, Minter, Sen, Mike Wilson, Daniel Organizations: — Republican, Republican, Democratic, Bluegrass State, ”, Beshear, Western Kentucky University, National Corvette Museum, Bowling Green, Northern Kentucky University, “, Democrat, Cameron, Supreme, Bowling, GOP, reined, Former, Bowling Green Democrat Locations: Ky, Kentucky's, Kentucky, Bowling, Appalachia, Mississippi, Warren County, It's, Louisville, Western Kentucky, Fayette County, Lexington, ”, Highland Heights, bologna, U.S, Bowling Green

☆ UnitedHealth Group pops after posting quarterly results. Here’s how to play the stock
▼ + stars: | 2023-10-13 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the latest reactions on UnitedHealth Group from investors and analysts. The pros, including Jim Cramer , discussed the health-care giant after it released third-quarter adjusted earnings of $6.56 per share on revenue of $92.4 billion , both of which beat analysts' estimates. UnitedHealth closed the trading day up 2.6%, ending at $539.40 a share.

Persons: Jim Cramer, UnitedHealth Organizations: UnitedHealth Group

☆ Target stock gets an upgrade from Bank of America. Here's what the pros have to say
▼ + stars: | 2023-10-12 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTarget stock gets an upgrade from Bank of America. Here's what the pros have to sayJim Cramer, Stephanie Link of Hightower Advisors and Shannon Saccocia of NB Private Wealth discussed Target after the company was upgraded to buy from neutral from Bank of America.

Persons: Jim Cramer, Stephanie Link, Shannon Saccocia Organizations: Target, Bank of America, Hightower Advisors Locations: Bank

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