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☆ Here are the 5 things that could move the stock market in the week ahead
▼ + stars: | 2024-10-20 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Earnings drove the stock market higher — can they do it again in the week ahead? But he acknowledged that timing is key because our portfolio discipline mandates that we consider lightening up our stock exposure in an overbought market. In fact, AMD was our worst-performing stock for the entire week, losing more than 7% following the prior week's 1.8% slide. Energy was the worst sector of the week for the market as oil prices sank. In the week ahead, housing numbers are the main draw on the economic front.

Persons: Jim Cramer, ASML, Morgan Stanley, WTI, industrials, We're, Sartorius, Danaher, we're, Stanley Black, Lockheed Martin, Philip Morris, Clark, Baker Hughes, Lam, DOV, CARR, Davidson, Northrop, Edwards Lifesciences, Jim Cramer's, Jim, Stocks, Tuesday's, Spencer Platt Organizations: Dow, Nasdaq, Netflix, Modelo, Corona, Constellation Brands, Taiwan Semiconductor Manufacturing Company, Nvidia, AMD, Broadcom, Club, Abbott Laboratories, Energy, Texas, Honeywell, Danaher, Federal Reserve, Treasury, SAP, Logitech, Verizon, General Motors, GE Aerospace, GE, Lockheed, Quest Diagnostics, Norfolk Southern, Polaris, Seagate Technology, Texas Instruments, Canadian National Railway Company, Boeing, GE Vernova, Fisher, Boston, General Dynamics, Hilton, Lam Research, Business Machines, IBM, Newmont, Viking Therapeutics, Vista Energy, Mattel, O'Reilly Automotive, Whirlpool, American Airlines, United Parcel Service, Southwest Airlines, Tractor Supply Company, Carrier Global, Dow Chemical, DOW, Harley, Union Pacific, Valero Energy, Hasbro, Northrop Grumman, Ryder, Boyd Gaming, Western, Boston Beer Company, York Community Bancorp, Colgate, Palmolive, Newell Brands, Jim Cramer's Charitable, CNBC, NEW, Traders, New York Stock Exchange, Getty Locations: BlackRock, CrowdStrike, U.S, Dover, Freeport, McMoRan, Kimberly, Norfolk, Las, ORLY, VALE, New York City

☆ Bruce Springsteen says paying his band 'a tremendous amount of money' has been key to his career success and longevity
▼ + stars: | 2024-10-20 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +3 min

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

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

☆ Tom Brady has 7 tips for being a good teammate—how to apply them at work
▼ + stars: | 2024-10-20 | by ( Natalie Wu | ) www.cnbc.com time to read: +5 min

Tom Brady looks on prior to an NFL football game between the Baltimore Ravens and the Dallas Cowboys at AT&T Stadium on September 22, 2024 in Arlington, Texas. (Photo by Cooper Neill/Getty Images)With seven Super Bowl championship rings and a professional football career spanning more than two decades, Tom Brady knows a thing or two about being a good teammate. Good teammates should not only be cognizant and respectful of people with different goals, but Davey says they should take it a step further and appreciate colleagues with different goals. Instead, Davey says teams and good teammates should clearly communicate when 100% effort is needed and when it's acceptable to ease off. Frank feedback is importantSomething Brady says that carries over well to a workplace is the importance of giving frank feedback, Davey says.

Persons: Tom Brady, Cooper Neill, Nitin Nohria, Liane Davey, isn't, Brady, Davey, —, Frank, we've Organizations: NFL, Baltimore Ravens, Dallas Cowboys, AT, Super, Harvard, Harvard Business, Fortune, Amazon, Walmart, CNBC, Las Vegas Raiders, Patriots, Team Locations: Arlington , Texas

☆ America's New Economic Supercycle: Growth, Prices, Stock Market Chaos
▼ + stars: | 2024-10-20 | by ( Linette Lopez | ) www.businessinsider.com time to read: +12 min

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

☆ The United States of Automobiles
▼ + stars: | 2024-10-20 | by ( Mark Healy | Andrew Thompson | ) www.businessinsider.com time to read: +2 min

More than any other technology, the automobile has shaped America's economy, infrastructure, climate, culture, and identity. To provide a comprehensive road map of America's automotive psyche, Business Insider took a close look at what's actually on the road today. Combing through 1.7 million listings on CarGurus, we analyzed thousands of makes and models in three key areas: geographic location, political preference, and color. And why does it seem as if every vehicle on the road today is either white, black, or gray? By entering your own vehicle and town, you can compare what you drive with the makes and models favored by the rest of the country.

Persons: Lyndon, Johnson, Mark Healy, Andrew Thompson Organizations: Republican, Democratic, Flipturn Creative Studios

☆ Google Research execs reveal how they use AI in their daily lives — and where they think twice about it
▼ + stars: | 2024-10-20 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Head of Google Research told BI the magic of technology is when you don't pay attention to using it. Executives for Google Research — the branch of the company that explores areas like machine learning, quantum AI, and science — shared with Business Insider how they use AI in their daily lives. Google Research head of product and UX Katherine Chou said she uses Lens, Google's tool that uses image recognition to identify images. Maya Kulycky, Google Research's VP of strategy, operations, and outreach, also said she is "a huge fan of Lens." AdvertisementVice President of Google Research, Yossi Matias, told BI some of his favorite tools allow listening to audio versions of articles or translating pages.

Persons: —, Katherine Chou, Maya Kulycky, Kulycky, Yossi Matias, Matias, it's, I'm, Gemini Apps Organizations: Google Research, Service, Business, Google, Gemini Locations: Chicago

☆ Stock futures inch higher after S&P 500's best weekly win streak of 2024: Live updates
▼ + stars: | 2024-10-20 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

NEW YORK, NEW YORK - OCTOBER 16: Traders and others work on the New York Stock Exchange (NYSE) floor in New York City. U.S. stock futures ticked higher Sunday night after the Dow Jones Industrial Average and S&P 500 notched their best weekly win streaks of 2024. S&P 500 futures and Nasdaq 100 futures climbed 0.13% and 0.16%, respectively. Roughly one-fifth of S&P 500 companies are set to report through Friday. Of the 14% of S&P 500 companies that have already posted third-quarter results, 79% have beaten expectations, according to FactSet's John Butters.

Persons: FactSet's John Butters, Sam Stovall Organizations: NEW, Traders, New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow, U.S, CFRA Research Locations: New York City . U.S

☆ We heard from 1,000 older Americans: Here are some of their biggest regrets
▼ + stars: | 2024-10-20 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +11 min

More than 1,000 older Americans shared their biggest regrets in life with Business Insider. AdvertisementOver 1,000 Americans between the ages of 48 and 90 told Business Insider their biggest regrets in life. Others said they took Social Security too early or didn't pursue career opportunities that may have led to higher pay. Many respondents' regrets are partially out of their control, from a cancer diagnosis disrupting financial stability to an unexpected divorce or layoff. However, Social Security rules dictate that he cannot collect his wife's $1,300 monthly benefits because her amount is lower than his.

Persons: —, didn't, Janis Carroll, She's, Carroll, Jan Hoggatt, hadn't, I'd, Hoggatt, Jessica Johnston, hasn't, Steve Watkins, Watkins, they're, Michael R, Carol Brownfield, Brownfield Organizations: Business, Social Security, Service, Prudential, Brunswick Group, National Council, Aging, Health, Gallup, Center, Security, Social Locations: Eugene , Oregon, St, Louis, Los Angeles, York, Washington

☆ My family moved from California to Germany. I expected we'd travel throughout Europe with the kids, but I realized no one was enjoying it.
▼ + stars: | 2024-10-20 | by ( Kate Chrisman | ) www.businessinsider.com time to read: +4 min

I moved from California to Germany while pregnant with my second child. My kids are now 8, 5, and 3 years old, and traveling with them wasn't enjoyable. I had to adjust my expectations and plan trips that everyone could enjoy. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Because I lowered my expectations of what we could do and let my kids just be kids, it was the most fun we've had together on a holiday.

Persons: —, Grimm, we've, I'm, we'll, I've, Mona Lisa Organizations: Service, Eiffel, Bach Locations: California, Germany, London's, Greece, Kassel, Leipzig, Europe, Paris, Barcelona

☆ Oakland Hills fire in California damages 2 homes, sparks evacuations
▼ + stars: | 2024-10-19 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +1 min

Crews were "working aggressively to fully extinguish" the blaze in Oakland Hills, named the Keller Fire, the Oakland Fire Department said in an update on X early Saturday morning. Wind carried flames into a grove of Eucalyptus trees, where it has grown to 15 acres, NBC Bay Area reported. Oakland fire said two homes have been impacted by flames. Evacuation orders were initially issued for Campus Drive and Crystal Ridge Court, NBC Bay Area reported, before it expanded to surrounding areas. Sims told NBC Bay Area that her husband was inside their home when the landscape caught on fire and caused a front window to explode.

Persons: Crews, Damon Covington, Sanford, Sheng Thao, Delane Sims, Sims Organizations: Oakland Fire Department, NBC Bay, California Department of Forestry, Fire, Court, NBC Bay Area, Oakland Locations: Oakland , California, Oakland Hills, Oakland, Maynard, Greenridge, Oaks

☆ Ivy League psychologist shares the common mistake she made raising her 3 kids: ‘I wish I had never been that parent’
▼ + stars: | 2024-10-19 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

There's no such thing as a perfect parent, says Tovah Klein. It's throwing at us probably daily [reminders that] we are far from perfect," says Klein, a child psychologist, author and director of the Barnard College Center for Toddler Development. Fortunately, making mistakes and owning up to them is one way that parents can actually help teach their kids how to become healthy, successful adults. Like most parents, Klein raised her voice in heated moments on more than one occasion: "I could really yell at my kids," she says. "I wish I had never been that parent who went over the top and really got into battles with my children.

Persons: Tovah Klein, Klein, it's Organizations: Barnard College Center, CNBC

☆ The top 5 'relatively affordable' U.S. cities where you can find a home for under $300,000: 'We're seeing sellers cutting prices'
▼ + stars: | 2024-10-19 | by ( Celia Fernandez | ) www.cnbc.com time to read: 1 min

At the start of the Covid-19 pandemic, the median home price in the U.S. was $280,000. Homebuyers took advantage of mortgage rates below 3% to find great values. With mortgage rates above 6% and the median home price clocking in at $425,000, good deals are harder to come by. A recent report from Realtor.com has identified the top five U.S. cities with median home prices below $300,000. "There are isolated pockets of places that still remain relatively affordable on a national perspective."

Persons: Homebuyers, Realtor.com, it's, Ralph McLaughlin Organizations: CNBC Locations: U.S

☆ Democrats target 'Swiftie' voters as The Eras Tour returns: 'We're not taking any vote for granted'
▼ + stars: | 2024-10-19 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +3 min

The DNC is using the final stretch of The Eras Tour to urge young people to vote for Kamala Harris. Taylor Swift began a three-night run of shows at Miami's Hard Rock Stadium on Friday. The singer-songwriter, who said she was officially backing Harris in the election race last month, began a three-night run of concerts at the Hard Rock Stadium in Miami on October 18. The same day, the DNC launched its "I Will Vote" campaign, targeting youth voters in battleground states ahead of the November 5 election. Vice President Kamala Harris.

Persons: Kamala Harris, Taylor Swift, Swift, Harris, —, Jim Vondruska, Rosemary Boeglin, We're, Donald Trump's, It's, heartened, Walz, I've Organizations: Service, Democratic National Committee, DNC, Business Locations: Instagram, Miami

☆ Prince Andrew's future is murkier than ever. But the royals may never fully cut ties.
▼ + stars: | 2024-10-19 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +7 min

Prince Andrew's "Newsnight" interview has been depicted in a new series. AdvertisementThe public may not completely forgive Prince Andrew's controversies – but the royal family might, according to royal experts. AdvertisementSchofield said the institution is unlikely to ever fully reject Prince Andrew. However, she noted that his involvement in family events could be scaled back when Prince William ascends the throne. "Prince William is incredibly intelligent and recognizes that you are only as strong as your weakest member.

Persons: Prince Andrew's, Duke, York, Jeffrey Epstein, Andrew, —, Prince, Kinsey Schofield, he'd, Andrew's, Prince Andrew, Gillian Anderson, Rufus Sewell, Billie Piper, Sam McAlister, Emily Maitlis, Ruth Wilson, Michael Sheen, Epstein, Ghislaine Maxwell, Epstein's, Virginia Roberts Giuffre, Maxwell, Maitlis, King Charles, King Charles and Prince William, Princess Beatrice, Princess Eugenie, Kristien, Sovereign Grant, Richard Fitzwilliams, Sarah Ferguson, it's, Ferguson, MailOnline, Victoria, Schofield, Prince William, King William, William, Kate, Prince Harry —, Buckingham Organizations: Service, BBC, YouTube, Netflix, Amazon, Palace, International Trade, Investment, KPMG, Standard Chartered, Cisco, BBC News, Sovereign, Telegraph Locations: Windsor, Porta

☆ I'm a parent of 5 kids. Here are my 8 tips for parenting teens that everyone should know about.
▼ + stars: | 2024-10-19 | by ( Trisha Daab | ) www.businessinsider.com time to read: +6 min

I'm a mom of two and a stepmom of three, and the last 20 years of parenting teens have taught me a lot. We've done high school freshman orientations and graduation, proms, games, and college stress four times. Here are my eight tips for parenting teens that everyone should know about. High school is a time for them to try something newOur high school has more than 50 different clubs and activities. Be curious about what they want to explore after high school.

Persons: —, they're, I've, they'll Organizations: Service, Leadership, American Student Association, Chamber Choir, Ivy League, National Institute of Mental Health

☆ Insider Today: America's billionaire hub
▼ + stars: | 2024-10-19 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +6 min

This post originally appeared in the Insider Today newsletter. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. European manufacturers are trying to claw back some of the market share of electric vehicles from their Chinese competitors. AdvertisementMore of this week's top reads:The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York City.

Persons: —, Siri, James Bond, Tom Carter, Ram, Fiat —, Leapmotor, Carlos Tavares, Joey Hadden, Jackson, It's, BI's Joey Hadden, Taylor, Chelsea Jia Feng, Taylor Swift, Swift, she'll, Konrad Krajewski, Uber, Priyanka Rajput, Troy Aikman, Anna Kendrick, Jason Segel, Harrison Ford, Peacock, Elisabeth Finch, Rebecca Zisser, We've, grout, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Amanda Yen, Grace Lett Organizations: Business, Service, Getty, BYD's, Paris, European Union, Jeep, Fiat, Economic Policy Institute, Target, BI, NFL, Apple, Netflix Locations: London, China, Jackson Hole , Wyoming, York City, Manhattan, LaGuardia, ozina, caked, Patagonia, New York City, New York, Chicago

☆ LVMH had a rough week. That's a bad sign for the luxury sector.
▼ + stars: | 2024-10-19 | by ( Madeline Berg | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . LVMH, the largest of the luxury conglomerates, announced its third-quarter earnings this week, and the results were grim. AdvertisementWhile personal luxury sales in China grew by more than 37% each year from 2019 through 2021, that annual growth is not expected to hit more than 4.2% through 2028, according to EMARKETER data. AdvertisementEMARKETER's Canaves pointed to the collaborations and moves toward streetwear that helped some brands emerge from the last luxury slump. Of course, any expansion into new categories should not take attention from handbags and clothing, the revenue drivers of luxury brands.

Persons: LVMH, —, Louis Vuitton, Salvatore Ferragamo, Goldman Sachs, Gucci, Hermès, Jean, Jacques Guiony, Adam Cochrane, Chanel, Canaves, Guiony, Birkin, Deutsche Bank's Cochrane, Cartier, Brunello Cucinelli, Rambourg, Louis Organizations: Service, Revenue, Louis, Burberry, Business, Deutsche Bank, Gucci, Deutsche Bank's, Chez Locations: China, Asia, Japan, COVID, streetwear, Paris

☆ Business Insider Subscriptions: Enjoy Premium News Stories
▼ + stars: | 2024-10-19 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +17 min

It isn't an accident that people who want to cancel a subscription often have to navigate a web of bureaucracy and confusion. "Actual affirmative consent from a consumer," Witte said, would establish trust between the consumer and the company, boosting loyalty. Along with litigation from the CFPB, state attorneys general have pursued legal action against big companies over hard-to-cancel subscriptions. Last year, Letitia James, New York's attorney general, sued SiriusXM over claims that the radio company trapped customers in subscriptions and maintained a complicated and burdensome cancellation process. AdvertisementIndustries have mastered techniques to maximize their profits by crafting their business models in confusing ways that can lure customers into a subscription without realizing it.

Persons: Doug Mattison, Mattison, —, he'd, I've, Florencia Marotta, Wurgler, Erin Witte, Witte, you've, TransUnion, Cuban, hadn't, it's, Rachel VonSiebenhoven, VonSiebenhoven, I'm, we've, Letitia James, SiriusXM Organizations: Federal Trade Commission, New York University, Consumer Federation of America, Consumer Financial, Bureau, Association of National, FTC, Cuban, Companies, Industries Locations: Ohio, Colorado, New

☆ Pro-Trump group funded by Musk struggles with outreach targets
▼ + stars: | 2024-10-19 | by ( ) www.cnbc.com time to read: +5 min

Four people involved in the group's outreach told Reuters that managers warned canvassers they are missing targets and needed to raise the number of would-be voters they contact. Another person briefed on the matter said America PAC was struggling to find sufficient people to conduct audits in other states. Musk, ranked by Forbes as the world's richest person, so far has supplied at least $75 million to America PAC, according to federal disclosures, making the group a crucial part of Trump's bid to regain the White House. In Nevada, it isn't clear whether Young's audit has concluded, reached any findings or prompted any change in America PAC's outreach. America PAC recently updated its website to prominently display advertisements seeking canvassers.

Persons: Elon Musk, Donald Trump, canvassers, Alysia McMillan, McMillan, We're, we've, Trump, Chris Young, Young didn't, Kamala Harris, carmaker Tesla, Musk, We've Organizations: PAC Town Hall, America PAC, Republican, PAC, Election, Reuters, Wisconsin, Senior, Trump, Democratic, Forbes, SpaceX, Lone Locations: Folsom , Pennsylvania, U.S, Wisconsin, Nevada, Arizona, America

☆ Before buying a home, check this hidden financial risk
▼ + stars: | 2024-10-19 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

The climate crisis is an often-hidden financial risk when buying a house. AdvertisementThat's why it's important to take stock of the climate risks your home faces in the coming decades. Remember those estimates aren't a crystal ballClimate-science experts outside the company have some reservations about First Street's flood and wildfire estimates, though. Heatmap reported that First Street probably underestimates wildfire risk in wildfire-prone areas and that flood risk is very difficult to accurately model. You can try to cross-check flood risk with other sources like seeing if the town or city has flood maps available.

Persons: you'll, Jeff Gritchen, Jeremy Porter, Michael Wara, Heatmap, Porter, Marta Lavandier, that's, It's, Leslie Chapman, Henderson Organizations: Service, Coronado Pointe, MediaNews, Orange, Getty, Stanford Woods Institute for, Heatmap, AP, Federal Alliance, Safe Homes, Federal Emergency Management Agency Locations: Coronado, Laguna Niguel , California, Florida, California, Hurricane Milton

☆ Standing desks may not be a boon for health after all
▼ + stars: | 2024-10-19 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +4 min

It found that standing for more than two hours a day may increase the risk of circulation issues. AdvertisementA few months into the pandemic, my husband bought us a convertible standing desk. We made small talk about how our new standing desks helped with our posture and prevented us from sitting all day. While some of my colleagues felt more energized standing at their desks for three hours, I did not. Ultimately, it suggests that if you're using a standing desk to feel more active and boost your health, the trick is to actually use it to move more, frequently standing and sitting.

Persons: —, who've Organizations: Service, University of Sydney Locations: —

☆ This is OpenAI CEO Sam Altman's favorite question about AGI
▼ + stars: | 2024-10-19 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Earlier this year, Sam Altman discussed the future of artificial general intelligence at Harvard. Altman said he envisions AGI as a tool to enhance productivity and create shared intelligence. OpenAI's mission is to develop AGI, a form of intelligence that mimics human reasoning. AdvertisementSam Altman, the CEO of OpenAI, is always in the media spotlight, fielding many questions. It showed him one part of "what the post-AGI world can look like," Altman said on the Life in Seven Songs podcast.

Persons: Sam Altman, Altman, —, Patrick Chung, OpenAI, AGI, — Altman, we're, it'll, Rob Price Organizations: Harvard, Service, Harvard Business School

☆ We left New Orleans for an island in Japan and bought an abandoned house for $7,500: Take a look inside
▼ + stars: | 2024-10-19 | by ( Dani Benton | ) www.cnbc.com time to read: +7 min

Today, we run a small guesthouse and honeybee farm on Japan's Ōmishima Island and own two formerly abandoned homes that we restored back to life. The home that is now Benton Guesthouse was built in 1953. Welcome to Benton Guesthouse. Photo: Dani BentonWe bought our second abandoned house, around the corner from the guesthouse, in September 2023, for $18,500. Photo: Dani Benton

Persons: Evan, Dani Benton, Bosco, Benton, we've Organizations: Nintendo, Benton Locations: Louisiana, New Orleans, U.S, Mexico, Japan, Benton

☆ Social Security's retirement trust fund may run out in nine years. Here's how the next U.S. president may address that
▼ + stars: | 2024-10-19 | by ( Lorie Konish | ) www.cnbc.com time to read: +7 min

As more retirees start to claim Social Security, there are not enough workers contributing to the program to make up for that increase in benefit payments. But the trust fund Social Security relies on to pay retirement benefits is projected to be depleted in 2033. watch nowBoth presidential candidates — former president Trump and Vice President Harris — have vowed to protect Social Security benefits. "Seniors should not pay tax on Social Security," Trump wrote on July 31 in all capital letters on social media platform Truth Social. Ending taxes on Social Security benefits would move the insolvency date of Social Security's trust fund closer by over one year, according to the Committee for a Responsible Federal Budget.

Persons: Donald Trump, Kamala Harris, Allison Joyce, —, Donald Trump —, Trump, Harris —, Jason Fichtner, Mike Blake, Howard Gleckman, Gleckman, Harris, Kevin Lamarque, Joe Biden, Biden, Governor Walz, Mia Ehrenberg Organizations: Art House Theatre, Bloomberg, Getty, Social Security Administration, Democratic, Republican, Social, Social Security, CNBC, Center, Alliance, Lifetime, Income, Trump, Reuters, ABC, Finance, Urban, Brookings Tax, Brookings, U.S, Union, Employers, Center for Economic, Research, Washington Democrats Locations: Fayetteville , North Carolina, Coachella , California, U.S, Detroit , Michigan

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