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☆ LinkedIn goes deeper into puzzle games with Tango, following success of Queens
▼ + stars: | 2024-10-08 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

A man opens the LinkedIn social network app on his smartphone at the breakfast table in Berlin on July 5, 2024. Every morning, Emily Ritter spends 15 minutes in bed checking her Instagram, Messages, Slack and Strava apps and playing The New York Times' Connections and Strands games on her phone. LinkedIn, which Microsoft acquired for $27 billion in 2016, rolled out its first three games in May, and Queens has emerged as the hottest of the trio. On Tuesday, the company launches game number four, and it's going deeper into logic puzzles with a title called Tango. The New York Times offers eight games, and made a splash in the market in 2022 with the purchase of viral word game Wordle.

Persons: Emily Ritter, Ritter, Daniel Roth, Roth, It's Organizations: New York Times, LinkedIn, San, Microsoft, Facebook, Activision Locations: Berlin, San Francisco, Queens, U.S

☆ For white-collar prisoners who just can't disconnect, $3,000 contraband cellphones can literally fall from the sky
▼ + stars: | 2024-10-08 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

White-collar criminals who can't disconnect are spending thousands of dollars on prison cellphones. Contraband phones go for $1,000 or as little as a few hundred dollars, depending on supply, at minimum-security camps, the so-called Club Feds. The stakes are particularly high for Wilson; his office continues to prosecute a violent, 90-defendant drug ring run by imprisoned people using contraband cellphones. The bureau urges Congress to pass the Lieutenant Osvaldo Albarati Stopping Prison Contraband Act, which would upgrade the charge of smuggling contraband cellphones into a Federal prison from a misdemeanor offense to a felony, Murphy said. White-collar criminals tend to put their contraband phones to more benign uses.

Persons: —, Craig Roth, Joseph Degregorio, Degregorio, it's, Justin Paperny, Paperny, Martha Stewart, Scotty Carper, Carper, Ron Kuby, Norm Pattis, Alex Jones, Pattis, Alan Wilson, Wilson, Donald Murphy, Osvaldo Albarati, Murphy, Christopher Carr, hadn't, Rothfeld, I've Organizations: Service, Devens, National Institute of Justice, Fed, FCC Devens, Feds, Federal Communications, of Prisons, FCC, South Carolina, AGs, Prisons, Georgia's AG Locations: New Jersey, Devens , Massachusetts, Lewisberg, Pennsylvania, Alderson , West Virginia, Leavenworth , Kansas, Sacramento , California, Leavenworth, Manhattan, Georgia

☆ How activist Irenic can amicably build shareholder value at Reservoir Media
▼ + stars: | 2024-10-05 | by ( Kenneth Squire | ) www.cnbc.com time to read: +7 min

Business: Reservoir Media operates a music publishing business, a recorded music business, a management business and a rights management entity in the Middle East. It operates through two segments: Music Publishing and Recorded Music. The Music Publishing segment is involved in the acquisition of interests in music catalogs, from which royalties are earned, as well as signing songwriters to agreements. The Recorded Music segment acquires sound recording catalogs and discoves recording artists, as well as markets, distributes, sells and licenses the music catalogs. After 12 years as a private company, RSVR went public in July 2021.

Persons: Joni Mitchell, Isley, Billy Strayhorn, Hoagy Carmichael, John Denver, Ali Tamposi, Jamie Hartman, Oak Felder, Steph Jones, Hans Zimmer, RSVR, Roth, Adam Rothstein, Irenic, SPACs, Khosrowshahi, Hipgnosis, Richmond Hill's, Ryan Taylor, Ken Squire Organizations: Reservoir Media, Publishing, Reservoir, Blackstone, Richmond Hill Investments, Richmond, 13D Locations: RSVR, Richmond

☆ A major curveball in retirement preparedness: divorce
▼ + stars: | 2024-10-05 | by ( Allie Kelly | Juliana Kaplan | ) www.businessinsider.com time to read: +10 min

Monthly Social Security checks aren't enough for most baby boomers to get by, further fueling a retirement crisis. A prenuptial agreement can be helpful, but it typically doesn't protect wealth built after the couple ties the knot, like retirement savings. Men's monthly retirement incomes are nearly $600 more than women's — $2,610 to $2,042 — and they're more likely to have a balance in a retirement account. Overall, divorced women like Clark see lower monthly retirement incomes than their male counterparts — and peers who have remarried. One of Mintzer's greatest divorce regrets is that she didn't safeguard her retirement savings.

Persons: —, Libby Mintzer, Mintzer, she's, Melody Evans, Evans, Roth, couldn't, didn't, Kathryn Clark, Clark, Clark didn't, Clark's, it's Organizations: Service, Social Security, Social, Gerontology, —, Roth IRA, SNAP, allisonkelly Locations: Florida, Tampa, California's Bay

☆ Here are the pros and cons of renting versus owning a home in those retirement years
▼ + stars: | 2024-10-04 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

However, many are renting in their retirement years. Most older adults, those at least 65 years old, own their homes, according to the Joint Center for Housing Studies at Harvard University. Renting in retirement years can be a positive because older people can avoid costly maintenance associated with the upkeep of a home. "Renting often offers more amenities, less maintenance, more accessibility," said Jennifer Molinsky, director of the housing an aging society program at the Joint Center for Housing Studies. And unlike younger renters, adult renters in retirement years could be especially vulnerable to rent hikes because they are on fixed income, experts say.

Persons: Jennifer Molinsky, Roth, Lazetta Rainey Braxton, Braxton Organizations: Joint Center for Housing Studies, Harvard University, Finance, CNBC Locations: U.S

☆ Officer tells driver in out-of-control car to crash into him
▼ + stars: | 2024-10-03 | by ( Jeremy Roth | ) edition.cnn.com time to read: 1 min

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☆ Tesla doesn't need the pressure from port strikes, says Roth MKM's Craig Irwin
▼ + stars: | 2024-10-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla doesn't need the pressure from port strikes, says Roth MKM's Craig IrwinCraig Irwin, Roth MKM senior analyst, joins 'Power Lunch' to discuss the port strikes impact on Tesla.

Persons: Roth, Craig Irwin Craig Irwin, Roth MKM

☆ Why your Roth IRA conversions could have 'unintended' tax consequences
▼ + stars: | 2024-10-02 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

As year-end approaches, you may be eyeing Roth individual retirement account conversions. The strategy, however, boosts your income, which can have other tax consequences, experts say. Roth conversions shift pretax or nondeductible IRA funds to a Roth IRA, which provides future tax-free growth. Otherwise, you could lose eligibility for certain tax breaks or unexpectedly trigger tax hikes. Here are a couple of other major tax issues to watch, experts say.

Persons: eyeing Roth, Roth, JoAnn May, Helene Organizations: Roth IRA, Asset Management, Finance, Social Locations: Riverside , Illinois

☆ How to factor in Social Security benefits when saving for retirement
▼ + stars: | 2024-10-02 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

Today, on average, Social Security benefits may replace about 40% of a person’s pre-retirement income assuming they start collecting benefits at their full retirement age. To be in those categories your earnings are often at or near the annual maximum income subject to the Social Security payroll tax. If you had to replace $24,000 in Social Security benefits, you might need a $600,000 portfolio. If you have no idea what Social Security benefits are promised to you under current law, get an official estimate based on your average career earnings to date from the Social Security Administration. Or …17% in 2035: The cut could be reduced and delayed until 2035 if the Social Security retirement trust fund is merged with its trust fund for disability benefits.

Persons: Mari Adam, Adam, you’ll, Shai Akabas, ” Akabas, ” Adam, you’re, don’t, “ You’re, ” Organizations: CNN, Social Security, Security, Social Security Administration, Center, Social, IRA

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Tesla, Nike, Meta, Alphabet, Rio Tinto & more
▼ + stars: | 2024-10-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

JPMorgan upgrades Parr Pacific to overweight from neutral JPMorgan said the gas exploration and production company has overcorrected. JPMorgan downgrades MercadoLibre to neutral from overweight JPMorgan downgraded the online Latin American marketplace mainly due to valuation. Wells Fargo reiterates Meta as overweight Wells Fargo raised its price target on Meta to $652 per share from $647. JPMorgan upgrades SAIC to overweight from neutral The firm says it sees "profitable growth" for the IT company. Berenberg upgrades Rio Tinto to buy from hold Berenberg says the metals and mining company is a "medium-term diversified winner."

Persons: Roth, DA Davidson, Davidson, PARR, Wolfe, Raymond James downgrades, Raymond James, Guggenheim, Mizuho, it's bullish, tailwinds, Wells, Wells Fargo, Canaccord, Tesla, Berenberg, Baird downgrades Harley, Baird, Harley, Gordon, FANG, Bernstein Organizations: Iren Energy, Industries, JPMorgan, Parr, Northland, TAM, Raymond James downgrades GE, GE, Deutsche Bank, Nike, Absci Corporation, Mizuho, Kodiak, Kodiak Gas Services, Meta, SAIC, IT, Tesla, Mobile, T Bank, Buffalo, Rio Tinto, BHP, Home Depot, Barclays, Diamondback Energy, Nvidia, Apple Locations: OW, Asia, Vegas, Northland, Salesforce, Rio, American

☆ Federal appeals court allows prediction market Kalshi to offer US election betting
▼ + stars: | 2024-10-02 | by ( Piper Hudspeth Blackburn | ) edition.cnn.com time to read: +5 min

CNN —A federal appeals court in Washington, DC, on Wednesday allowed a prediction market to offer election betting, denying a government watchdog’s request to halt a ruling that made way for legal political gambling in the United States. It is unclear whether the New York-based startup will launch more election markets. “US presidential election markets are legal. Because the sources of information that election markets absorb can be “opaque and unreliable,” like polls with undisclosed methodologies or fake news reports, Schwartz suggested that they can be uniquely susceptible to manipulation. While the legal dispute with Kalshi plays out, the CFTC has also embarked on a broader clampdown on events-based betting.

Persons: ” “, Patricia Millett, ”, ” Kalshi, Jia Cobb, Tarek Mansour, X, Stephen Hall, ‘ deepfakes, Kalshi, “, Rob Schwartz, Schwartz, Yaakov Roth, ” Roth, Rostin Behnam Organizations: CNN, Senate, Futures Trading Commission, DC, Appeals, US, DC Circuit, Kalshi, CFTC, Better Locations: Washington ,, United States, New York, Washington, “

☆ Bank of America joins growing chorus on Wall Street loving this sector to play China's stimulus
▼ + stars: | 2024-10-01 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

A major Wall Street strategist is jumping aboard the story that materials stocks could be at the start of a big rally. That theory played out during last week's rally for Chinese stocks. The Materials Select Sector SPDR Fund (XLB) rose 3% last week, though it was down a bit on Monday and Tuesday. XLB 1M mountain This materials fund is up since the Chinese stock rally began. Bank of America isn't the only Wall Street shop that's bullish on materials given the change in China.

Persons: Savita Subramanian, Sherwin, Subramanian, Roth MKM's JC O'Hara Organizations: Bank of America, Linde Locations: China, Freeport, McMoRan

And bitcoin IRAs overall may not be the best way to get exposure to digital assets into your retirement portfolio, he adds. Read on for more on the pros and cons of bitcoin IRAs, and which investors they may make sense for. Self-directed bitcoin IRAs offer many of the same tax benefits as regular IRAs, like tax-deferred growth in traditional IRAs and tax-free withdrawals from Roth IRAs. Supports IRA rollovers, traditional IRAs, Roth IRAs, SEP IRAs, and 401(k)sCheck mark icon A check mark. Supports IRA rollovers, traditional IRAs, Roth IRAs, SEP IRAs, and 401(k)sCheck mark icon A check mark.

Persons: Bitcoin, Rollovers, Roth, bitcoin IRAs, Chris Chen, Read, Chen, Roth IRAs, they've, bitcoin, it's, Bitcoin IRAs Organizations: BitcoinIRA, Insight Financial, IRA, Better, Pew Research, SEC, CFTC Locations: cryptocurrency, U.S, bitcoin

☆ Video: Historians unravel 130-year-old mystery 5 minutes into search
▼ + stars: | 2024-10-01 | by ( Jeremy Roth | ) edition.cnn.com time to read: 1 min

☆ Legacy students no longer have an advantage at Stanford and other private California colleges
▼ + stars: | 2024-09-30 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

California is the second state to ban the practice at private colleges. Legacy preference has been under scrutiny since the Supreme Court's decision on affirmative action. AdvertisementStudents can no longer use their legacy connections to help them get accepted to prestigious California schools like Stanford. The announcement makes California the second state after Maryland to ban legacy preference in admissions at private universities. Related storiesHowever, some colleges have taken proactive steps over the past decade to ban legacy preference in their admissions practices.

Persons: Gavin Newsom, —, Newsom, Ethan Poskanzer, Michael Roth, Gabrielle Star, isn't, Phil Ting Organizations: Service, Stanford, Gov, University of Southern, University of Colorado, Wesleyan University, CNN, Pomona College, University of California Locations: California, University of Southern California, Maryland, Boulder, Illinois, Virginia

☆ Chinese stocks are on fire, and this sector is poised to benefit
▼ + stars: | 2024-09-30 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The Chinese stock market just had its best single day in more than a decade. It's also the last trading day of the week in China due to the Golden Week holiday. Against this backdrop, Roth MKM's JC O'Hara highlighted one S & P 500 sector that might benefit the most from a rebound in China's economy: materials. Some materials stocks highlighted by O'Hara as potential winners, at least based on their price charts alone, are O-I Glass , Corteva and Freeport-McMoRan . To be sure, investors should tread carefully in materials, O'Hara said.

Persons: It's, Roth MKM's JC O'Hara, O'Hara Organizations: CSI, Seaport, Disney Locations: China, Freeport, McMoRan

☆ Op-ed: Your kids need a Roth IRA. It's the 'golden egg' savings vehicle for young people
▼ + stars: | 2024-09-29 | by ( Winnie Sun | ) www.cnbc.com time to read: +4 min

How a Roth IRA for kids worksYes, kids can have their own Roth IRA — and, just like for adults, the IRS rules are pretty straightforward. There's no minimum age requirement for contributing to a Roth IRA; if a child can earn money, they can have a Roth IRA. watch nowMore about those income requirements: To contribute to a Roth IRA, the child must have earned income. Why I like the Roth IRA for youngstersI think of the Roth IRA as the "golden egg" savings vehicle for young people because not only is the account tax-sheltered, it also has the beneﬁt of liquidity. Establishing a Roth IRA for youngsters is a powerful way to set them on the path to financial security.

Persons: Roth Organizations: Roth IRA, IRS, Social Security

☆ 8 tax-reducing steps to take before 2024 ends, according to $2 trillion wealth manager BNY Mellon
▼ + stars: | 2024-09-29 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

As 2024 draws to a close, now is the time for investors to review their tax strategy. AdvertisementWith October coming into view, it's a good time to sit down and review your tax strategy for 2024. On the other hand, high earners may want to defer investment income to minimize their net investment income tax (NIIT). Retirement considerationsBNY Mellon also said to consider maxing out your retirement accounts, such as a 401(k), traditional IRA, Roth IRA, and other plans. While this means you'll owe income tax on the money you convert, your assets will accumulate tax-free in the Roth IRA going forward, according to the note.

Persons: BNY Mellon, —, Mellon, Roth Organizations: BNY, Service, Mellon Wealth Management, Investors, Roth IRA

☆ UNGA: Inside one of the biggest security operations in America: Protecting thousands of visiting world leaders
▼ + stars: | 2024-09-27 | by ( Richard Roth | ) edition.cnn.com time to read: +3 min

United Nations headquarters CNN —It’s one of the biggest security operations in America: Protecting thousands of world leaders and their entourages at the annual high level United Nations General Assembly meeting in New York. High shots from cameras looking at nearby corners outside the UN are always on. The UN security officials said its impossible to monitor all 1400 cameras at the same time but there are personnel checking out the scene. New York police and diplomatic security are tasked with rushing long and short motorcades from hotels across Manhattan to the UN and back. UN security officials say their priority is providing a secure environment.

Persons: CNN —, It’s, They’ve, Linda Thomas, Greenfield, ” Organizations: Nations, CNN, United Nations, Assembly, UN, New York Police Department, Secret Service, New York, New York Stock Exchange, New Locations: America, New York, Manhattan

☆ Here are Friday's biggest analyst calls: Apple, Dell, Wynn, Walmart, Best Buy, Costco, Netflix & more
▼ + stars: | 2024-09-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Piper Sandler upgrades Accenture to overweight from equal weight Piper upgraded the IT company following its earnings report. Goldman Sachs reiterates Costco as buy Goldman says it's sticking with the stock following earnings on Thursday. Citi downgrades Dollar General to sell from neutral Citi says it sees too many competitive challenges. JPMorgan adds Best Buy to the focus list JPMorgan says it sees an "improving product cycle" for Best Buy. Bank of America downgrades HP to neutral from buy The firm says it sees slowing earnings per share growth.

Persons: Morgan Stanley, Wynn, Piper Sandler, Piper, Goldman Sachs, Goldman, it's bullish, it's, Raymond James, Mercado, Roth MKM, Roth, Cantor Fitzgerald Organizations: Wynn Resorts, Deutsche Bank reinstates Dell, Deutsche, DELL, NASDAQ, Costco, " Bank of America, Apple, Bank of America, Apple Intelligence, UBS, Vista Energy, Citi, Pepsi Citi, Catalyst, Walmart, Cava, Mercado Libre, JPMorgan, Chesapeake Energy, Barclays, Netflix, HP Locations: UAE, Macau, BMBL, CAVA, HPQ

☆ About 45% of Americans will run out of money in retirement, including those who invested and diversified. Here are the 4 biggest mistakes being made.
▼ + stars: | 2024-09-25 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. According to a simulated model that factors in things like changes in health, nursing home costs, and demographics, about 45% of Americans who leave the workforce at 65 are likely to run out of money during retirement. When you have more leisure time on your hands, more money goes toward entertainment and travel, especially in the first few years of retirement. The outcome is a higher withdrawal rate, which can push you into a higher tax bracket, he noted. "People don't take into account how expensive things get over time, not realizing that they can live another 40 years in retirement.

Persons: —, Spencer Look, they're, JoePat Roop, Roop, Bob, would've, it'll, Gil Baumgarten, Baumgarten, it's Organizations: Service, Morningstar's Center for Retirement, Business, Belmont Capital Advisors, IRA, IRS, Wealth Management Locations: breakeven

☆ The Social Security curveballs making retirement even more confusing
▼ + stars: | 2024-09-24 | by ( Noah Sheidlower | Juliana Kaplan | ) www.businessinsider.com time to read: +10 min

The measures reduce Social Security benefits accrued during private-sector work to compensate for the state or local government pension benefits. The Social Security Administration reported the average monthly check as of July 2024 is about $1,783. Meanwhile, nearly half of WEP-affected Social Security beneficiaries had pensions above $3,000 a month in 2023. In her 20s, McLeod worked various part-time and lower-paying clerical roles, all of which paid into Social Security. "They said you get a good enough retirement from the state, so you'll be OK not getting all your Social Security."

Persons: —, Patrice Earnest, Earnest, Jane Roth, Roth, She's, she'd, it's, Karen Smith, Janis Hernandez, Critics, they've, we're, Louisiana Sen, Bill Cassidy, Republican who's, Anne McLeod, McLeod Organizations: Service, Social, Business, —, Social Security, GPO, Security, Workers, Urban Institute, Social Security Administration, Center, National Task Force, Force, Republican, Budget Locations: New Haven, Louisiana, New Orleans

☆ United Nations General Assembly: World leaders will debate its future in New York next week
▼ + stars: | 2024-09-21 | by ( Richard Roth | Tara John | ) edition.cnn.com time to read: +7 min

United Nations CNN —It’s time for UNGA 79! Quick explanation: the United Nations General Assembly is an annual world leaders’ summit that has gone on for nearly eight decades since the international body’s founding in San Francisco. Ukrainian President Volodymyr Zelensky is due to give a speech next Wednesday and appear at a special Security Council meeting. Prime Minister of Israel Benjamin Netanyahu addresses the 78th United Nations General Assembly at U.N. headquarters in New York City in 2023. Climate change will be one of the biggest issues being discussed, with the General Assembly expected to hold a meeting on sea level rise on Wednesday.

Persons: United Nations CNN —, It’s, Antonio Guterres, ” Guterres, can’t, Samuel Žbogar, Sergey Bobok, United Nations Linda Thomas, Greenfield, “, ” Slovenia’s Žbogar, Volodymyr Zelensky, Israel Benjamin Netanyahu, Mike Segar, Benjamin Netanyahu –, Richard Gowan, Netanyahu “, ”, Keir Starmer, Rishi Sunak, Donald, Trump, ” Gowan Organizations: United Nations CNN, United Nations General Assembly, UN, Hamas, The Security Council, West, Security Council, United Nations, Reuters Israel, Assembly, Crisis, British, General, Rapid Support Forces, Sudanese Armed Forces, SAF, General Assembly Locations: San Francisco, Gaza, Ukraine, Sudan, Israel, United States, China, Russia, France, United Kingdom, UN, Lebanon, That’s, Kharkiv, AFP, Africa, York, U.N, New York City, El Fasher, Sudan’s North Darfur, New York

☆ Elon Musk's X is the least-trusted Big Tech company, according to a survey — on par with the US government
▼ + stars: | 2024-09-21 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +4 min

Read previewAmericans think Elon Musk's X is as trustworthy as the US government. EMARKETER, a market research company owned by Business Insider's parent company, shared the survey data on Friday. AdvertisementEven fewer — only 28% of respondents — however, trusted X, the same percentage that trusted the US government. Musk's post immediately drew backlash for promoting political violence, prompting him to delete it and defend himself, calling it a "joke." The US Secret Service told Bloomberg News it is "aware" of Musk's post and is investigating the matter.

Persons: —, Elon Musk's, TikTok, Musk, Yoel Roth, Elon Musk, Slaven Vlasic, Donald Trump, Joe Biden, Kamala Harris haven't Organizations: Service, Big Tech, Business, Google, Netflix, Twitter, Bloomberg, European Jewish Association, Getty, Secret Service Locations: American, Israel, Gaza, Brazil

But many people are still wondering, what does a rate cut mean for my money? For those who’ve been waiting it out, the rate cut “will instill some hope in folks,” said Elizabeth Renter, senior economist at NerdWallet. Consider your (improved) debt repayment optionsThis week’s rate cut was good news for those struggling to unload themselves of credit card debt. They’re a popular savings instrument when interest rates are high, and as most economists expected, CD rates have already started declining since the Fed’s interest rate cut. “This rate cut is not something that should trigger you to go make any drastic changes to the overall direction of your portfolio,” he added.

Persons: Jerome Powell, ”, Elizabeth Renter, Michele Raneri, “, “ It’s, Rodney Lake, It’s, cardholders, Now’s, Lake, don’t, Freddie Mac, ” Renter, they’ve, Raneri, Lee Baker, there’s, Bankrate, Baker, it’s, —, “ Don’t Organizations: NerdWallet, TransUnion, Federal Trade Commission, GW Investment, George Washington University School of Business, Apex Financial Services, P Locations: U.S

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