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Bour, now 70, and his wife worried about affording retirement in the US and moved abroad in 2019. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThis as-told-to essay is based on a conversation with Norman Bour, 70, who, along with his wife, left the US for Europe to live abroad in 2019. Courtesy of Norman BourMy girlfriend at the time, now wife, and I left the US in February 2019. While living abroad, we self-insure.
Persons: Norman Bour, , they've, We've, We'll, we'll, Bour Organizations: Service, Social Security, Petronas Locations: California, Bour, Malaysia, Europe, Los Angeles, Costa Mesa , Orange County, Orange, United States, Valencia, Spain, South America, Asia, Albania, Bulgaria, Croatia, Ecuador, Germany, Greece, Italy, Mexico, New Zealand, Peru, Portugal, Romania, Slovakia, Slovenia, Southern California, Copenhagen, France, Nice, Australia, Vietnam, Thailand, Bali, Kuala Lumpur, Batu, Sicily, Malta, Sardinia, Balkans, Eastern Europe
In 2023, the beauty industry's sales reached $446 billion, according to a recent report by McKinsey. As 2025 approaches, BI asked three beauty founders what trends will be popular in the new year. Now, as the midway point of the 2020s approaches, we're wondering what beauty trends will define this decade for years to come. Instead, they occur at the industry level, changing the way consumers think about their beauty routines, attitudes toward beauty, or even the ways they shop. Here's what three beauty founders are thinking about for the industry in 2025.
Persons: Colleen Rothschild, there'll, Organizations: McKinsey, Service
American consumers and businesses are having a hard time paying off credit card, auto, and commercial real estate debt. Bank CEOs said on recent earnings calls that elevated prices and interest rates continue to weigh on Americans. According to Federal Reserve data, the past-due debt share for credit card, auto, and commercial real estate has recently risen to above pre-pandemic levels. That's because some loans are coming due — forcing businesses to refinance at much higher interest rates. The financial roller coaster of pandemic payments, whipsawing inflation, and high interest rates are especially affecting lower-income Americans.
Persons: , Wells Fargo's, haven't, Bruce McClary, David Schiff, Schiff, Edmunds, Stephen Biggar, Biggar, Jane Fraser, Brian Moynihan, Charles Scharf, Wells, Jeremy Barnum, There's, I'm Organizations: Bank, Service, Federal Reserve, Business, Bank of America, JPMorgan, Citigroup, Bank of, New, Fed, National Foundation, Credit, Argus Research, Bank of America's Locations: Wells Fargo, delinquencies
Tech investor Ray Wang — who owns all Magnificent Seven stocks — laid out his rankings of favored tech plays on Monday. Wang equated the AI expansion to the Amazon 's early e-commerce buildout. Amazon is Wang's second favorite Magnificent Seven pick, followed by pure-play AI beneficiaries Microsoft and Alphabet . Wang also expects the company — along with Alphabet — to benefit from the political advertising season underway. Here's how each Magnificent Seven member is doing year to date: Nvidia: up 182% Amazon: up 22.8% Microsoft: up 10% Alphabet: up 17% Apple: up 22% Tesla: Down 12.4% Meta Platforms: up 61%
Persons: Ray Wang —, CNBC's, Wang, Tesla, Elon Organizations: Constellation Research, Nvidia, Microsoft, Apple
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're only at the beginning of the AI buildout, says Constellation Research's Ray WangRay Wang, Constellation Research principal analyst, founder and chairman, joins 'Squawk Box' to discuss the state of the tech sector, impact of AI on the industry, his top Magnificent Seven pick, and more.
Persons: Ray Wang Ray Wang Organizations: Constellation Research
A sign hangs outside of a Chick-fil-A restaurant on May 06, 2021 in Chicago, Illinois. Chick-fil-A plans to launch a new app on Nov. 18, with a slate of original animated shows, scripted podcasts, games, recipes and e-books aimed at families. And for the last five years, it's released animated shorts on YouTube during the holiday season as part of its "Stories of Evergreen Hills" series. Why Chick-fil-A is betting on contentPeople walk past a Chick-fil-A restaurant on 8th Avenue on December 30, 2023, in New York City. Restaurants as media brandsA Chick-fil-A meal is displayed at a Chick-fil-A restaurant on June 01, 2023 in Novato, California.
Persons: Scott Olson, , it's, We've, we've, Dustin Britt, Chick, Gary Hershorn, Khalilah Cooper, McDonald's, Cooper, We're, Britt, Justin Sullivan Organizations: Getty, U.S, YouTube, CNBC, Evergreen, Corbis, Lions Locations: Chicago , Illinois, mealtime, Evergreen Hills, New York City, Novato , California
Starting next month, they'll move into public preview, meaning more organizations can start building AI agents of their own. AI agents can act as virtual workers that can carry out a series of tasks without supervision. Microsoft demonstrated how its autonomous AI agents work. Competition is fierceMicrosoft is doubling down on AI agents at a time when competition is intensifying up in the red-hot artificial intelligence space. Microsoft 365 Copilot is a service offered by the tech giant that embeds generative AI into its suite of productivity apps.
Persons: Satya Nadella, Dimas Ardian, they'll, Jared Spataro, Salesforce, Zahra Bahrololoumi, , Bahrololoumi, I'm, Marc Benioff Organizations: Bloomberg, Getty, Microsoft, Copilot, Dynamics, McKinsey, CNBC, Crown Commercial Service Locations: Jakarta, Indonesia, Salesforce, London, U.S, San Francisco, Ireland, Copilot
AdvertisementElon Musk's latest gambit to help elect former President Donald Trump may be illegal, some election law experts say. — Elon Musk (@elonmusk) October 20, 2024In this instance, the problem may be that giveaway participants are required to be registered voters. According to the America PAC website, the giveaway program is "exclusively open to registered voters in Pennsylvania, Georgia, Nevada, Arizona, Michigan, Wisconsin and North Carolina. Other election law experts also said that Musk is either barely toeing the line or has outright broken the law. Rick Hasen, an election law professor at the University of California, Los Angeles, wrote on his blog that the giveaway constitutes "clearly illegal vote buying."
Persons: Elon Musk, , Elon, Donald Trump, It's, Musk, Richard Briffault, Briffault, he's, Rick Hasen, Hasen, Matthew Alvarez, Tucker, Alvarez, Trump, We're, Josh Shapiro, Shapiro, Tim Walz Organizations: Service, America, Trump, America PAC, Department, Justice Department, Columbia Law School, Department of Justice, University of California, Rutan, DOJ, Musk's America PAC, Pennsylvania, Business, Gov Locations: Harrisburg , Pennsylvania, Pennsylvania , Georgia, Nevada , Arizona , Michigan, Wisconsin, North Carolina, Los Angeles
Angel Reese may be one of the faces of the WNBA, but her time on the court hardly pays the bills. "I just hope y'all know the WNBA don't pay my bills at all," she said during a recent Instagram live, according to ESPN. Reese said her monthly rent payment is $8,000, meaning that a year's housing costs her $96,000 — more than she earns in a full season. "Being able to make six figures within three months [in Unrivaled], being able to be housed in Miami, just being able to get better …. Currently, the highest paid WNBA player is Las Vegas Aces star Jackie Young, who earned just over $250,000 this season.
Persons: Angel Reese, y'all, Reese, wouldn't, It's, Dre, Jackie Young, Steph Curry, Cathy Engelbert, we're Organizations: Chicago, Star, ESPN, Reebok, Las Vegas Aces, Golden State Warriors, CNBC Locations: Florida, Russia, Miami
I was raised in NYC, but my French partner and I just moved to a Portuguese town, sight unseen. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI was born in Paris and raised in New York, which has made me a city girl through and through. AdvertisementMy partner and I are both French-Brazilian, so we decided France and Brazil were out of the question. If I could tell 16-year-old me that 10 years later, she'd be living in a quaint Portuguese town, she wouldn't believe me.
Persons: I'd, , Normandy —, Iman M'Fah, we've, We're, she'd Organizations: Service, Portugal we'd Locations: NYC, Portuguese, Portugal, Paris, New York, Normandy, France, Hawaii, Alaska, Brazil, Ericeira, York
Aetherflux aims to launch a constellation of satellites to transmit solar power to Earth using infrared lasers. Bhatt told BI why he's joining the commercial space race and what Robinhood taught him about capitalism. AdvertisementAetherflux aims to create a constellation of satellites in low Earth orbit (LEO) that will collect solar power and beam it down to receptors on Earth using infrared lasers. Caltech's president, Thomas F. Rosenbaum, said the project had shown them that solar power beamed from space "is still a future prospect" but that it "should be an achievable future." The science has already been demonstrated; it's just going to be an engineering and economic feat to prove it can be done from space, Bhatt said.
Persons: Baiju Bhatt, Bhatt, Robinhood, , Vlad Tenev, Elon, Baiju Bhatt Bhatt, Thomas F, Rosenbaum, it's, he'd, you'll, Spencer Platt, Matthew Weinzierl, Weinzierl, Einstein, Aetherflux Organizations: he's, Service, California Institute of Technology, NASA, Langley Research Center, Stanford, DARPA, Investment, Space Angels, McKinsey, Harvard Business School, SpaceX, Getty, Apex, Forbes Locations: India, Anadolu, Bay
Investors might consider Treasury bills over CDs for better liquidity and tax benefits: Jason BrowneTreasury bills offer higher yields in some cases and are exempt from state taxes. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Another reason is that Treasurys are exempt from state taxes, which vary, while CDs are not. Perhaps a third reason, depending on where you bank, is that in many cases the shortest duration Treasurys are paying better rates than CDs. Yields on 3-month bills are 4.6%, and while some banks are offering similar or slightly higher rates still, many have much less attractive yields.
Persons: Jason Browne, Browne, , DepositAccounts Organizations: Service, Alexis Investment Partners, LendingTree, Fed
Marika Frumes founded Mysha because she wanted a community of high-powered moms. It was strange because I had made a career of bringing people together, especially as the cofounder of HER, a network for professional women. I said I wanted to talk to other professional women delivering a baby within two months of when I had my son. Related storiesBecause of the world I lived in, most of the people in my first pod were ambitious professional women. AdvertisementToo often, we're in echo chambers, like the conversation around professional moms versus stay-at-home moms.
Persons: Marika Frumes, , Mysha, That's, They've, I've, It's, Erica Komisar Organizations: Service, Facebook Locations: , LA , New York, Miami, Mysha
There are too many investors in the so-called Magnificent Seven and it's time to move away from them, according to value investor Bill Nygren. While there has been some rotation out of high-flying tech names into smaller stocks, the small-cap Russell 2000 still lags the S & P 500 for the year. "We think it's a really good time for an investor to diversify away from the concentration in the S & P 500," Nygren, Oakmark Funds chief investment officer and portfolio manager, said Monday on CNBC's " Money Movers ." Nygren highlighted automotive parts supplier Genuine Parts as a name he likes. Genuine Parts is currently at around 16 times trailing earnings, well below the S & P 500's multiple of 27.7, per FactSet.
Persons: Bill Nygren, Russell, Nygren, William Stengel, Stengel, Rob Davis Organizations: Nvidia, Meta, Oakmark Funds, Industrial Technologies, Merck
Piper Sandler reiterates Tesla as overweight Piper says it's sticking with Tesla heading into earnings later this week. Morgan Stanley initiates BioAge Labs at overweight Morgan Stanley says the biotech company is well positioned. " Goldman Sachs upgrades Warby Parker to buy from neutral Goldman sees customer growth for the eyewear company. Morgan Stanley reiterates Home Depot as overweight Morgan Stanley raised its price target on Home Depot to $450 per share from $380. Morgan Stanley downgrades ServiceNow to equal weight from overweight Morgan Stanley said that expectations are already priced in to the stock.
Persons: John Donovan, Piper Sandler, Tesla, Piper, it's bullish, Morgan Stanley, Goldman Sachs, Warby Parker, Needham, Reddit, Gary Friedman, Jack Preston, Baird, TD Cowen, Cowen, Prologis, Goldman, Craig Felenstein, Jim Bombassei, Morgan Stanley downgrades ServiceNow Organizations: Deutsche Bank, GE Vernova, Deutsche, General Electric, BioAge, Barclays, UPS, FedEx, Dominion, Goldman, Nvidia, AMD, Mohawk Industries, JPMorgan, China EV, Catalyst, Bank of America, Fortune Locations: GitLab, NVDA, Europe, U.S, Las Vegas, China
"Everyone has that problem in industrials," he said at the recent CNBC Evolve AI Opportunity event. The Google AI will offer images, videos, text and sensor readings to engineers. According to Honeywell data, 82% of companies in the industrial sector that consider themselves AI leaders are behind on adoption, with only 17% having fully launched initial AI plans. Siemens and Microsoft announced a gen AI deal for the industrial sector late last year, which included an AI copilot for use across industries. "Awareness is high, adoption is low, but there will be an inflection point," he said at the recent CNBC AI event.
Persons: Rick Osterloh, Vimal Kapur, Kapur, Suresh Venkatarayalu, Carrie Tharp, Delangue Organizations: Devices, Google, Honeywell, CNBC, Honeywell Forge, Workers, Companies, Gemini, Amazon, Nvidia, Siemens, Microsoft Locations: Mountain View , California, industrials
Critical Role is set to embark on a multi-city tour across the US and Australia in 2025. Ten years later, the crew behind "Critical Role" and the nerdworld business of the same name are taking their show on the road — for a multi-city tour. In 2023, they filled London's Wembley Arena and followed up with two other live shows in Los Angeles. "Embarking on a global journey to bring 'Critical Role' to the stage in brand new cities with our ragtag group of adventurers is nothing short of a dream," said Marisha Ray, cofounder and creative director at Critical Role. AdvertisementThe cast of Critical Role got famous playing "D&D" on Twitch, and now they're hitting the road for a multi-city tour.
Persons: , Vox, Marisha Ray, Lavorre, CR's, Brennan Lee Mulligan, They'll, Travis Willingham, Willingham, Liam O'Brien, we've Organizations: Radio City Music Hall, Service, CR, Wembley, Chicago, Indianapolis, Gen Con, New York Comic Con, Hollywood Bowl, MGM, Garden Locations: Australia, Los Angeles, Chicago, Fishers, Indianapolis, Sydney, Melbourne, New York, New Jersey, York, Seattle, Las Vegas, South America, Singapore
At Fantastic Fest, Stahelski, Leitch, and star Keanu Reeves wove through the packed lobby filled with rabid Reeves fans. Chad Stahelski, David Leitch, and Keanu Reeves at the premiere of "John Wick." AdvertisementKeanu Reeves cleverly got Stahelski and Leitch to direct 'John Wick'Keanu Reeves in "John Wick." We felt live or die, it doesn't matter, it's John versus John Wick; that's the story we're telling. Another "John Wick" movie?
Persons: John Wick, Chad Stahelski, David Leitch, Eva Longoria, , Keanu Reeves, Stahelski, it's, Leitch, Reeves, Jamie McCarthy, Getty, John Wick dusts, Keanu, Lionsgate Chad, David, Dave, Kelly McCormick, Derek Kolstad, Tolkien, Basil Iwanyk, Chad, Jason Statham, Derek, Lana, he's, Nico Tavernise, Jonathan Sela's, John, Basil, Jon Kopaloff, Getty David, Ed, Shane, It's, Kristy Sparow, You'll, Eva, Basil said, We've, we've, Marmont, I've, Cindy Ord, WireImage, you've, Hobbs, Shaw, Guy Organizations: Service, Lionsgate, Guild of America, Fest, DC, Marvel, Navy SEAL, Hong, Leitch, CAA Locations: Austin, Los Angeles, Stahelski, Russian, Chad, Hong Kong, I'm
Ken Griffin's Chicago penthouse — listed for $10 million less than he paid for it — has a buyer. A representative for Griffin said that his real-estate investments in Florida make up for the loss. AdvertisementGriffin and the listing agents for the Chicago penthouse did not respond to requests for comment sent by Business Insider. In 2023, he added, only four properties sold for that amount. AdvertisementAccording to Rafael Murillo, a Compass agent in Chicago, properties that cost eight figures are not a regular occurrence.
Persons: Ken Griffin's, , Griffin, Ken Griffin, Walton, he's, Zia Ahmed, Michael LaFido, Knight, Rafael Murillo, Murillo, Michael Jordan's, Jordan, LaFido, homebuyers Organizations: Service, Citadel, Cook, Bloomberg, Chicago, Business, Chicago Tribune Locations: Ken Griffin's Chicago, Florida, Chicago, Gold Coast, Lake Michigan, South Florida, Coconut Grove, Miami, Palm Beach, Chicagoland, New York, city's St, Regis, Highland, COVID, Illinois
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're in the 7th round of the return to office prize fight, says Korn Ferry's Alan GuarinoAlan Guarino, Korn Ferry vice chairman of CEO and board services practice, joins 'Squawk Box' to discuss Boeing's new contract proposal with the machinist's union, the state of labor, return to office trends, future of hybrid or remote work, and more.
Persons: Korn, Alan Guarino Alan Guarino Organizations: Korn Ferry
Six-time Olympic gold medalist Chris Hoy revealed his cancer diagnosis is terminal. "I think it’s important to show how bad it was," Hoy told the newspaper of his memoir. Doctors told Hoy he had two to four years to live. Around the same time as his diagnosis, Hoy told the Sunday Times Sarra found out she had been diagnosed with multiple sclerosis. Despite both facing incurable diseases, Hoy told the newspaper "I still feel like we're lucky."
Persons: Chris Hoy, Hoy, He's, " Hoy, I'm, Doctors, Sarra, Callum, Chloe, Chemo, Sunday Times Sarra, you've Organizations: Sunday Times, BBC Locations: Copenhagen
Kamala Harris may have had to talk over a combative Fox News interviewer last week, but on "Saturday Night Live" she was seen. Harris in an interview that aired Wednesday faced Fox News anchor Bret Baier in an appearance in which both talked over each other. In the comedic reality of "Saturday Night Live," Harris, portrayed by Maya Rudolph, used her time to reach out to younger voters on TikTok. “He can dance all he wants to YMCA or to any other song he doesn’t realize is a gay anthem,” Rudolph’s Harris said. Michael Keaton, who returned to dark comedy in the "Beetlejuice" sequel, "Beetlejuice Beetlejuice," hosted.
Persons: Kamala Harris, Donald Trump, Harris, Bret Baier, Baier, Alec Baldwin, Maya Rudolph, James Austin Johnson, Johnson's Trump, Trump, Dana Carvey, Biden, Juh, ” Rudolph’s Harris, Michael Keaton, Billy Eilish Organizations: Fox, Fox News, Wednesday, SNL, Trump, America, YMCA, NBC, NBC News Locations: TikTok, Broad, Coachella , California, Oaks, Pennsylvania, NBCUniversal
First, higher interest rates will reward savers, making it more expensive to take risks. And with interest rates so low, companies could suddenly load up on debt: From 2007 to 2017, global nonfinancial corporate debt doubled, to $66 trillion. Now, with the arrival of a new supercycle, money managers are once again being forced to adapt to a changing set of economic realities. Normally, when the Fed hikes interest rates rapidly, the stock market tanks. Rising interest rates will make loans more expensive, forcing businesses to make more-thoughtful decisions about debt.
Persons: Josh Hirt, Silas Myers, Myers, Hirt, you've, Joe Quinlan, they'll, Quinlan Organizations: Investors, Vanguard, Mar Vista Investments, Federal Reserve, Capital, . Venture, Nasdaq, Bank of America, Big Tech, Federal Trade Commission, Treasury, European Union, Aerospace Locations: Washington, China, Unemployment, Europe, America, Japan, United States
But when you delve deeper into our database of 1.7 million car listings, all sorts of geographic quirks emerge. Yet in and around the state capital of Jackson, where per capita income exceeds the national average, five of the 10 most popular cars are Mercedes-Benzes. In Rutherford County, Tennessee, where the nearby Nissan plant cranks out 2,500 vehicles a day, four of the 10 most popular cars are Nissans. Nine of the 10 most popular cars in Spartanburg, South Carolina, are foreign — yet not a single one of them is a BMW, whose nearby plant employs 100,000 people. And in Alameda County, California, whose Fremont plant turns out most of the country's Teslas, not a single one of the 10 favorite vehicles is a Tesla.
Persons: Marin, Fremont, Elon Musk Organizations: Montana ., Jeep, Toyota, Nissan, Ford, Cadillac, BMW, Elon, Toyota Prius, VW Locations: Vermont, Montana, Arizona, California, Los Angeles, Orange, Mississippi, Jackson, San Diego, Santa Barbara, San Luis Obispo, Monterey, Santa Clara, Alameda, Rutherford County , Tennessee, Dearborn , Michigan, Michigan, Wexford, Cadillac, Spartanburg , South Carolina, Alameda County , California
He has been touring and recording music with the E Street Band since the 1970s. AdvertisementBruce Springsteen opened up on the keys to his success and longevity following a recent screening of "Road Diary: Bruce Springsteen and The E Street Band" in London. "If you get the art right, the music right, and the band right, you go out and play every night like it's your last night on Earth. AdvertisementSpringsteen has worked with the E Street Band since the 1970s. Now, luckily, we found some commercial calling ground along the way, which was great," Van Zandt added.
Persons: Bruce Springsteen, Springsteen, , Dave Benett, Stevie Van Zandt, Thom Zimny, Jon Landau, Van Zandt Organizations: Service, Disney, Hulu, Forbes, Sony Locations: London, USA
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