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A picture taken during an organised tour by Yemen's Houthi rebels on November 22, 2023 showing the Galaxy Leader cargo ship approaching the port in the Red Sea off Yemen's province of Hodeida. Oil prices fell Tuesday as traders monitored rising tensions in the Red Sea amid a backdrop of record U.S. crude production and worries about demand in China. Crude prices had jumped more than 2% earlier in the trading session on escalating tensions in the Red Sea, a crucial global trade chokepoint. And Iran on Monday deployed a destroyer to the Red Sea, according to the country's Tansim news agency. The move by Tehran comes after U.S. Navy helicopters destroyed three boats of Iran-backed Houthi rebels.

Persons: Yemen's Houthi, Brent, Helima Croft, Croft, Adi Imsirovic, Ayatollah Ali Khamenei, Neil Beveridge, Lloyd Organizations: Galaxy Leader, The West Texas Intermediate, RBC Capital Markets, CNBC, Center for Strategic, International Studies, Monday, U.S . Navy, Navy, U.S . Central Command, Energy, Prosperity Locations: Red, Yemen's, Hodeida, China, The, Iran, Tehran, Singapore, Hangzhou, Brent, Israel, Gaza, Suez, Africa, The U.S

☆ Sam Altman really, really doesn't want to talk about why he was fired
▼ + stars: | 2023-11-30 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

It's still unclear why the former OpenAI board fired Sam Altman. The new board is conducting an independent review into the matter, and Altman is again CEO. Everyone is still wondering why exactly the board pushed him out, but Altman isn't ready to talk about it yet. AdvertisementInstead, Altman said he's "looking forward to learning more" from an independent review being conducted by the new board of OpenAI. AdvertisementThe chaotic ordeal started with an announcement of Sam Altman being out as CEO and CTO Mira Murati assuming the role in an interim capacity.

Persons: It's, Sam Altman, Altman, —, OpenAI's, Mira Murati, Sam, Bret Taylor, Larry Summers, Adam D'Angelo Organizations: Service, Microsoft Locations: OpenAI

☆ Beijing is reportedly blocking big shareholders from selling stocks in a bid to sustain a market rally
▼ + stars: | 2023-11-27 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Beijing's stock exchange is stopping major shareholders from selling stocks, Reuters reported. Sales are being blocked in a bid to sustain a market rally, sources told the news agency. AdvertisementThe Beijing Stock Exchange is stopping big shareholders from selling stocks in a bid to sustain a market rally, Reuters reported. It's not clear how long the policy, which appears to be an attempt by the authorities to ensure a recent market rally doesn't fade, will stay in effect, per Reuters. The Beijing Stock Exchange is the youngest of China's three major exchanges.

Persons: —, didn't Organizations: Reuters, Service, Beijing Stock Exchange, Beijing Stock, CSI, China Securities Regulatory Commission, Business, China Morning Post, Financial Locations: Beijing, Shanghai, Shenzhen, Sichuan

☆ Virginia's 'Data Center Alley' residents say an eerie hum is keeping them up at night
▼ + stars: | 2023-11-27 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +9 min

At the beginning of this year, she started hearing an eerie hum that got louder at night. Virginia has had explosive growth in data centers since the early 2000s, when Loudoun County started allowing data centers to be built. Loudoun County residents say the noise started this past winter and gets louder at night when it's cooler. In Loudoun County, residents said they could hear the data center even with their windows closed. Unlike previous data centers, the new ones use so-called free air cooling , designed to leverage lower temperatures to use less electricity than most data centers.

Persons: Stephanie Brookes, Brookes, Les Blomberg, he's, Mike Turner, Ted Lewis, Turner, Eric Lee, Jeff Mach, Mach, Katy Hancock, Hancock, Chris Crosby, Blomberg, it's, Lewis, Arline Bronzaft, Wire Blomberg Organizations: Business, Compass, Pollution, The Washington Post, county's, Supervisors, Loudoun County's, Public, Lehman College Locations: Loudoun County , Virginia, Virginia, Loudoun County, Leesburg, New York, Ashburn, Loudoun, Loudoun County's

Photographers take photos near a large screen showing stock prices at the Tokyo Stock Exchange (TSE) after market opens in Tokyo, Japan October 2, 2020. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsLONDON/SYDNEY, Nov 24 (Reuters) - Global shares drifted on Friday in the absence of guidance from Wall Street, which was closed for the Thanksgiving holiday the previous day, but they were still on course for their best month since November 2020. An indecisive Asia session extended to Europe, with the Stoxx 600 share index (.STOXX) trading flat. Despite optimism having surged across global markets this month, there may also be a lull ahead as investors position their portfolios for 2024, some analysts said. Minutes from the latest Fed policy meeting signalled there would not be more hikes unless progress against taming inflation faltered.

Persons: Kim Kyung, Peter Doherty, Arbuthnot Latham, Shane Oliver, Naomi Rovnick, Stella Qiu, Sam Holmes, Robert Birsel, Toby Chopra, Susan Fenton Organizations: Tokyo Stock Exchange, REUTERS, Global, Wall, Nasdaq, Hamas, AMP, European Central Bank, ECB, Bank of England, Japan's Nikkei, China's CSI, Brent, Thomson Locations: Tokyo, Japan, SYDNEY, Asia, Europe, Israel, U.S, London, OPEC

☆ Asian shares dragged lower by China, Treasury yields climb
▼ + stars: | 2023-11-24 | by ( Stella Qiu | ) www.reuters.com time to read: +3 min

Both S&P 500 futures and Nasdaq futures were also little changed. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.6% but are still headed for a weekly gain of 0.8%. Chinese bluechips (.CSI300) fell 0.7% while Hong Kong's Hang Seng index (.HSI) tumbled 1.4%, reversing the previous day's hefty gains. Cash Treasuries fell a little as they resumed trading in Asia, with two-year Treasury yields up 3 basis points to 4.9419% and benchmark ten-year yields up 4 bps to 4.4606%. Brent crude futures fell 0.2% to $81.26 a barrel.

Persons: Kim Kyung, Shane Oliver, Cash Treasuries, Stella Qiu, Sam Holmes, Robert Birsel Organizations: Tokyo Stock Exchange, REUTERS, Rights, Wall, Nasdaq, Hamas, Nikkei, AMP, European Central Bank, Bank of England, Brent, Thomson Locations: Tokyo, Japan, China, Europe, Israel, Gaza, Asia, Pacific, Hong Kong, Beijing

☆ Asian shares dragged lower by China, dollar on back foot
▼ + stars: | 2023-11-24 | by ( Stella Qiu | ) www.reuters.com time to read: +3 min

REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsSYDNEY, Nov 24 (Reuters) - Asian shares were dragged lower by China on Friday amid little guidance from Wall Street which was closed for a holiday, while the dollar remained on the back foot as investors bet U.S. rates have peaked. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) eased 0.4% but are headed for a weekly gain of 0.9%. Japan's markets (.N225) returned from a holiday, with Nikkei (.225) climbing 1.0% to charge towards a 33-year high hit on Monday. In Europe, slightly better than expected euro zone PMIs nudged the euro and shares higher and Sweden's crown dropped as its central bank left rates on hold. In the currency markets, the dollar < =USD> was on the back foot against its peers at 103.71, nearing a three month low of 103.17.

Persons: Kim Kyung, Shane Oliver, Cash Treasuries, Stella Qiu, Sam Holmes Organizations: Tokyo Stock Exchange, REUTERS, Rights, Nikkei, AMP, European Central Bank, Bank of England, Brent, West Texas, Thomson Locations: Tokyo, Japan, China, Asia, Pacific, Hong Kong, Beijing, Europe

☆ The CEO of a hedge fund that averaged 70% returns over 2 decades doesn't regret sleeping 2,000 nights in his office: 'I really don't see how I could do it otherwise'
▼ + stars: | 2023-11-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Peter Brown, the CEO of top hedge fund Renaissance Technologies, slept 2,000 nights in his office. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe chief executive officer of Renaissance Technologies, the secretive and massively successful hedge fund, said he has spent 2,000 nights sleeping in the office—and he has no regrets about putting in such long hours. Brown answered "yes" in response to Mahajan's question as to whether it was true he spent nearly 2,000 nights sleeping in his office. "And my experience has been that when a husband and a wife work in two different towns, the husband commutes.

Persons: Peter Brown, Goldman Sachs, —, Raj Mahajan, Renaissance's Peter Brown, Brown, Jim, we're Organizations: Technologies, Service, Renaissance Technologies, Washington DC, I'm, flagship Medallion Fund Locations: Washington, Long

☆ 6 signs you may have a narcissistic boss — and what to do about it
▼ + stars: | 2023-11-17 | by ( Caitlin Taylor So | ) www.businessinsider.com time to read: +6 min

A narcissistic boss may brag about being above the rules and may even get aggressive. It's important to note your bad boss might not necessarily have a narcissistic personality disorder, but they can still exhibit narcissistic traits and behaviors. Here are six signs you may have a narcissistic boss or manager. Advertisement"The mantra of the narcissistic boss is that all rules are guidelines. It's not worth trying to change the narcissistic boss or attempting to get them to like you; you'll merely get more hurt in the process.

Persons: —, You've, don't, Craig Malkin, They're, Amy Morin, they're, Morin, Malkin, loath, they'll, It's, you'll, it's, isn't Organizations: Service, Harvard Medical School

☆ Here are our top 5 performing stocks from October to Wednesday's Monthly Meeting
▼ + stars: | 2023-11-15 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

Since the Investing Club's October Monthly Meeting, the stock market has been moving higher on largely positive quarterly earnings and optimism around cooler inflation trends. Here are our five top-performing names from the Club's 34-stock portfolio since our last Monthly Meeting. 2, jumping 11.4% since our last Monthly Meeting on stellar quarterly earnings , along with a slew of announcements around its artificial intelligence efforts. AVGO YTD mountain Broadcom (AVGO) year-to-date performance Broadcom 's (AVGO) 11.3% increase since the last Monthly Meeting put the stock at No. AMZN YTD mountain Amazon (AMZN) year-to-date performance Amazon (AMZN) was our fourth-best performer, climbing 10.6% since the last Monthly Meeting.

Persons: Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: Reserve, Microsoft, Big Tech, Broadcom, Nvidia, Disney, CNBC, Traders, New York Stock Exchange Locations: New York City, U.S

☆ Chatbots just showed scientists how to make social media less toxic
▼ + stars: | 2023-11-14 | by ( Adam Rogers | ) www.businessinsider.com time to read: +14 min

AI bots, on the other hand, will do whatever you tell them to, practically for free. So researchers are starting to use chatbots as fake people from whom they can extract data about real people. In July 2020, Facebook introduced a walled-off simulation of itself, populated with millions of AI bots, to study online toxicity. His team created hundreds of personas for its Twitter bots — telling each one things like "you are a male, middle-income, evangelical Protestant who loves Republicans, Donald Trump, the NRA, and Christian fundamentalists." Scientists create experiments to be simpler than reality, to offer explanatory power uncomplicated by the messiness of real life.

Persons: chatbots, Donald Trump, Petter Törnberg, Törnberg, Emma, Terry Crews, mindlessly, we've, LLMs, Lisa Argyle, Joon, he's, Smallville's café, messier, it's, sims, Adam Rogers Organizations: ABC News, CNN, New York Times, Twitter, Institute, Logic, University of Amsterdam, Columbia University, Facebook, NRA, American, Election, Democratic, Chamber Twitter, Brigham Young University, Stanford University Locations: Alabama

☆ 'Selling Sunset' agents are freaking out about LA's new mansion tax — but it's not just millionaires who should be worried
▼ + stars: | 2023-11-12 | by ( Juliana Kaplan | Eliza Relman | ) www.businessinsider.com time to read: +10 min

This time, it hinges on Los Angeles' new mansion tax, which impacts homes sold for over $5 million. She added of the city's mansion tax, "This is a very reasonable and equitable way to generate some resources that can support those needs." Unintended consequences of a mansion taxColloquially known as a mansion tax, United to House LA (Measure ULA) passed in November 2022 with 58% support. Shane Phillips, a UCLA housing researcher whose work helped inspire LA's mansion tax, is worried about the mansion tax depressing new development, particularly of multi-family buildings. Phillips argued that if the law is tweaked to exempt first-time sales, the mansion tax "will unquestionably do more good than harm."

Persons: —, Mary Fitzgerald, Nicole Young, Jason Oppenheim, It's, Oppenheim, — aren't, Mari Castaldi, Karen Bass, Shane Phillips, Phillips, that's, Billy Rose, you'll, Rose, doesn't, Castaldi, Phillips isn't Organizations: Service, Netflix, Oppenheim Group, realtors, California Association of Realtors, Budget, House, LA Times, UCLA, Agency Locations: Angeles, Los Angeles, New York, Washington, Massachusetts, Chicago, Santa Fe, California, LA

Advantages to opening multiple savings accountsOne benefit of opening multiple savings accounts is that you can save money for specific goals. Traditional savings accounts at a brick-and-mortar bank typically offer lower savings account interest rates than high-yield savings accounts at online banks. Disadvantages to opening multiple savings accountsOpening up multiple savings accounts also comes with several potential disadvantages. Tips for managing multiple savings accountsIf you decide to open multiple savings accounts, here are some tips for managing them:Keep track of your accounts. Multiple savings accounts: FAQsIs it OK to have multiple savings accounts?

Persons: Mike Landsberg, Homrich, it's, Jaime Eckels, Plante, Roth IRAs, Eckels, who's, Landsberg, Banks, Get Organizations: CPA, CFP, CPWA, Homrich Berg Wealth Management, Financial, FDIC, SEC, Bank Locations: Landsberg, Chevron

☆ Here's why it 'doesn't make financial sense' for Americans living abroad to give up their U.S. citizenship, one expert says
▼ + stars: | 2023-11-10 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

"It typically doesn't make financial sense, and there's a few reasons why," said Italy-based Alex Ingrim, a financial advisor at Chase Buchanan Wealth Management. While there may be some instances where "the pain of being American" arises in the tax liability, "you're very rarely double-taxed" as an American, Ingrim said. Similarly, if you earn Portuguese income and pay Portuguese income taxes, you will get some credits on your U.S. filing for taxes paid overseas, according to Boudreaux. However, they still have the U.S. tax liability. "For those people, it's a pain, and [they] opt for giving up their citizenship to avoid paying taxes," Ingrim said.

Persons: Alexander Spatari, Alex Ingrim, Ingrim, Jude Boudreaux, expats, Boudreaux, Jordi Mora Igual Organizations: Chase Buchanan Wealth Management, Planning, Social, CNBC FA Locations: Italy, New Orleans, U.S, Portugal, Monaco, Dubai

☆ Consumers are still spending, but they're under pressure. These stocks still have room to run
▼ + stars: | 2023-11-06 | by ( Pia Singh | ) www.cnbc.com time to read: +12 min

Persistent inflationary pressures have led to depressed levels of consumer spending all year, according to Bank of America. Consumers are still spending — in fact, they're spending more than they are earning — as employment levels and hourly wage growth remain fairly strong . Some analysts see an opportunity to pick up shares of battered-down retail stocks. According to Barclay's Yih, spending levels "almost have to be worse" next year. LPL's Roach similarly expects consumers spending to hit a roadblock in the coming months.

Persons: bode, Neuberger Berman, Steve Eisman, Jeffrey Roach, Adrienne Yih, Yih, Randy Hare, Ross, Polly Wong, Belardi Wong, James Lewis, Huntington's Hare, Bartlett, Chris Kempczinski, Lewis, …, it's, Anthony Chukumba, Chukumba, Wells, Ike Boruchow, Kathleen Entwistle, Entwistle, LPL's Roach, Morgan Stanley's Entwistle, Barclay's Yih, Roach Organizations: Bank of America, CNBC, Consumers, Barclays, Ross, Huntington National Bank, Bartlett Wealth Management, Walmart, Retailers, Republic, Urban Outfitters, Eagle Outfitters, National, Capital, National Vision, Nike, Ross Stores, Morgan Stanley Private Wealth Management, Investments, Citizens JMP Securities, Delta Air Lines, Deutsche Bank Locations: U.S, Wells Fargo

☆ Something for the bulls: November is typically the best month for the stock market
▼ + stars: | 2023-10-31 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

November is typically an outperforming month for Wall Street, according to data from the "Stock Trader's Almanac." The benchmark S & P 500 and the Dow Jones Industrial Average have each historically posted an average gain of 1.7% in November, dating back to 1950. Those moves make November the strongest month of the year for the S & P 500 and the second-best month for both the Nasdaq and the 30-stock Dow, according to the almanac. The S & P 500 has slipped roughly 3% so far and is on track for a third-straight month of declines . The string of monthly losses would mark the first such occurrence for the S & P 500 since the height of the Covid-19 pandemic in 2020.

Persons: Jeff Hirsch, Hirsch, There's, there's, We've, doesn't, we're, they're Organizations: Wall, Dow Jones, Nasdaq, Dow Locations: lockstep

☆ A California teen hosted a bat mitzvah inspired by some of Gen Z's favorite brands — Glossier, Crumbl, and Starbucks. See inside.
▼ + stars: | 2023-10-28 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +2 min

A California teen hosted a bat mitzvah inspired by her favorite brands. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . So it was natural that her bat mitzvah was inspired by her favorite makeup brand, Glossier. "We don't want anyone to say, 'Oh, it's another one of those,' because then you're just doing a conveyor-belt party," Lainer said.

Persons: —, Stella, Alexx, Regent Beverly, Lisa Friedman, Marisa Lainer, Friedman, Lainer Organizations: Staff, Service, Regent Beverly Wilshire, Soho House, LA Party Locations: California, Soho

☆ I live in a tiny home mansion and fell in love with it — it's the only way I could afford to live in California
▼ + stars: | 2023-10-26 | by ( Fortesa Latifi | ) www.businessinsider.com time to read: +6 min

She moved to California to live in what she calls a "tiny mansion" and has no regrets. AdvertisementAdvertisementMy tiny mansion allowed me to move to an expensive areaThe living room of Murphy's tiny home. I now live in Ramona, California, about 45 minutes from downtown San Diego, in what I call my "tiny mansion." It's 550 square feet total, and I'm part of a tiny home community that has a mix of tiny homes on wheels, park models, and manufactured homes. I'm having a hard time with cell reception in my tiny mansion, but that will be worked out.

Persons: Stacey Murphy, —, It's, Lindsay Wood, I'd, Murphy, Stacey Murphy I'm, I'm, it's, you'd Organizations: Service Locations: California, Brooklyn , New York, Florida, Ramona , California, San Diego

☆ How options traders are setting up for the major tech earnings this week
▼ + stars: | 2023-10-23 | by ( Michael Khouw | ) www.cnbc.com time to read: +15 min

Big Tech earnings This week is less about reading between the lines/through results, and contextualizing management comments, but rather it's about the market itself. AI - AI - AI! The options market is implying an earnings related move of 4.7%. Our options market sentiment score for GOOG/GOOGL is 80th percentile - which one may think of like a score/grade, so a B- in terms of options sentiment. Call open interest is 15% higher than put open interest, our options market sentiment score is 83% so B/B- territory.

Persons: ChatGPT, Bing, it's, AMZN, Mark Zuckerberg's, Zuckerberg, one's Organizations: Cambridge, JPMorgan Chase, Citigroup, Bank of America, BlackRock, Goldman, Equity, Big Tech, Microsoft, Apple, Nvidia, Inc, Investors, YouTube, Amazon, Google, Gaming, Activision, Logistics, Federal Express, CNBC, ExxonMobil, Chevron, Visa, Mastercard, Merck, Co Locations: financials, Wells Fargo

PHILADELPHIA (AP) — James Harden vowed he would never play for a franchise run by 76ers team president Daryl Morey. Coach Nick Nurse, in his first season after five years with Toronto, is preparing for games without Harden. Harden even declined in June 2022 his $47.4 million option, saying he wanted to give the 76ers flexibility to improve their roster and compete for a championship. He signed a deal worth slightly over $68 million, paying him about $33 million last season with a $35 million player option for this season. The player known as The Beard instead picked up his $35.6 million option with the 76ers for this season, with the desire to force a trade.

Persons: — James Harden, Daryl Morey, Harden, Harden —, Nick Nurse, “, ” Nurse, We’ve, Morey, Kevin Durant, Kyrie Irving, Joel Embiid, Tucker, Beard, —, “ Daryl Morey, ” Harden, ”, “ It’s Organizations: PHILADELPHIA, 76ers, Sixers, Wells, Center, Atlanta, Milwaukee, Toronto, Portland, Los Angeles Clippers, Morey, NBA, Clippers Locations: Toronto, Houston, Brooklyn, yup, Philly, China, New Jersey, Embiid

☆ 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

☆ A sneakerhead built a YouTube empire with 1.1 million subscribers. Here's how much he makes a year from ads and sponsorships.
▼ + stars: | 2023-10-16 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +6 min

This story is available exclusively to Insider subscribers. Fowler had around 150,000 YouTube subscribers at that point. The YouTube channel, now with 1.1 million subscribers, brought in about $485,000 in gross revenue from advertising and sponsorship deals last year. But Fowler doesn't just stick to YouTube — his budding business empire also includes sales on the live-shopping platform Whatnot and his own apparel company. The larger portion of Fowler's YouTube revenue comes from ads, which brought in an estimated $292,500 in 2022, Insider verified with documentation of the earnings.

Persons: Seth Fowler, Fowler, Apthcry, he's, YouTubers, it's, time's, I've, Christmastime, sneaker giveaways, Apple, He's, Ye, influencers, Qias Omar, Amber Vittoria Organizations: YouTube, NY, Adidas, Facebook

☆ How a sneakerhead built a YouTube empire with over a million subscribers and $485,000 in annual revenue from ads and sponsorships
▼ + stars: | 2023-10-13 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +6 min

☆ Goldman Sachs says home prices are now more unaffordable for the average buyer than they were during the 2008 housing bubble. Here are the 2 things they say would have to happen for home prices to cra
▼ + stars: | 2023-10-12 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

It's even tougher to buy a home right now than it was during the peak of the mid-2000s housing bubble. For one, the labor market remains very strong, meaning demand will be supported — if people still have jobs, they still have money coming in to save for a home. Goldman SachsIn the Great Recession, rising unemployment hurt housing demand, bringing down home prices. Another reason Karoui thinks things are different today is what's happened in the adjustable-rate mortgage market. During the Great Recession, for example, unemployment stayed around current levels for several more months following Treasury yield curve inversion before rising meaningfully.

Persons: Goldman Sachs, Lotfi Karoui, Karoui, Goldman, Jan Hatzius, Piper, Michael Kantrowitz Organizations: Wall, Conference, Equity

☆ If you were thinking about moving to Portugal, it just got a whole lot more expensive
▼ + stars: | 2023-10-12 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

Portugal is ending a hefty tax break for foreigners in 2024 that incentivized many to move there. But come 2024, it will be significantly more expensive to live there if you're coming from another country. Now those moving to Portugal in 2024 and beyond will have to pay the same amount of income tax as everyone else, Le Monde reported. Americans already living in Portugal, like Dan Bagby and his wife, Michelle, who moved to Lisbon from Texas in 2021 , won't be immediately affected. But with the cost of living going up and reaching levels of parity with other countries, foreigners may not move to Portugal at all.

Persons: reconsidering, —, Alex Ingrim, Chase Buchanan, António Costa, Le Monde, Ingrim, Jose Manuel Ribeiro, it's, Dan Bagby, Michelle, Dan, Michelle Bagby, Bagby, We've, I'm Organizations: Service, Reuters, The New York Times, Citizen Solutions, Eurostat, Associated Press Locations: Portugal, Lisbon, stoke, Texas, Austin , Texas, France, Italy, Spain

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