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It predicted that some financial services professionals could see year-end bonus increases of as much as 35% over last year. AdvertisementThe financial professionals poised to rake in the most, meanwhile, are not the usual "rainmakers" of Wall Street, but rather a more behind-the-scenes group: the underwriters. Here's a look inside three slides that illustrate key findings from the Johnson Associates report. Debt underwriters stand to see the biggest bonus bumps this year — up to 35% over 2023, Johnson Associates founder Alan Johnson told BI. AdvertisementJohnson sees bonuses for asset management professionals increasing anywhere from 7% to 12% and bumps of 5% to 15% for hedge fund employees.
Persons: Johnson, , Goldman Sachs, Alan Johnson, it's Organizations: Service, Johnson Associates, Goldman, Blackstone, underwriters, Debt, Equity, Investment, Federal
Such a scenario would entail higher inflation, higher rates, and falling stock prices, Roubini predicted. "That's going to crowd economic growth, and bond yields above 5% would imply a correction of stock prices and negative impacts on the economy." AdvertisementOther experts have warned some of Trump's policies could lead to higher inflation and interest rates, with his tariff plan attracting significant criticism from economists. Some of Trump's policies — like his plans to loosen regulation — could prop up business activity and fuel growth, Roubini noted. "I think markets are still in a wait-and-see to figure out whether the policies are going to be hurting the economy," Roubini said.
Persons: Nouriel Roubini, Roubini, , Donald Trump's, Doom, prognostications, Trump, Trump's, Taylor Rogers, hin, Stocks Organizations: Service, Bloomberg, stoke, Republican National Committee, Trump, Fed, Bank of America, Dow Jones Industrial Locations: China
The Federal Reserve last week dialed back interest rates by a quarter point, bringing its target rate range down to between 4.5% and 4.75%. Give and take In addition to buying CDs directly from a bank, investors can also shop for brokered CDs through their brokerage. Indeed, a client holding a 12-month brokered CD with an APY of 4.65% had their instrument called with six more months to go, he said. The Federal Deposit Insurance Corp. backs bank CDs and savings accounts up to $250,000 per depositor and per ownership category. "The time with the brokered CDs has probably come to an end," he said.
Persons: Banks, Marcus, Goldman Sachs, Malcolm Ethridge, There's, noncallable, Ethridge, They're, Dinon Hughes Organizations: Federal Reserve, Capital Area, Vanguard, Nvest, Capital, Federal Deposit Insurance Corp, Treasury, ., Bond, SEC Locations: BTIG, Washington ,, Portsmouth , New Hampshire, Kennebunk , Maine
Days before the election, Polymarket odds showed Trump had a 60% chance of winning. The electorate took notice: Kalshi and Polymarket soared to the top of Apple's App Store on Tuesday evening. Advertisement"Last night, Kalshi showed how prediction markets can decisively outperform polls and traditional media," Kalshi posted on X. And can the prediction markets ride their momentum now that the election's over? Prediction markets are "going to attract people who want to influence public perception," Broughel says.
Persons: Nate Silver, Kamala Harris, Donald Trump, Polymarket, Trump, Kalshi, Shayne Coplan, Coplan, Elon Musk, Taylor Swift, Travis Kelce, Robinhood, There's, Xavier Sottile, Bettors, Sottile, Robert F, Kennedy Jr, he'll, John F, Kennedy, Koleman Strumpf, Strumpf, Broughel, James Broughel, Israel —, — Polymarket, who've Organizations: Trump, CNBC, MIT, Victoria University, Wake Forest University, RFK Jr, Competitive Enterprise Institute, Wall Street Journal, Twitter, New York Times Locations: New Zealand, Kalshi, Ukraine, Iran
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt also undermines a core assumption about the future of generative AI: If you add more data and computing power, you get smarter and more powerful AI models. Top AI players have eye-popping valuations based on the promise that AI models will keep getting smarter and better with time. Getty Images; Chelsea Jia Feng/BISo what's holding AI models back from making another big jump? Anthony Scaramucci tells BI Trump's economic plans could cause a 1920s-style stock-market crash .
Persons: , OpenAI's, Fabrice Beaulieu, Justin Sullivan, That's, Insider's Hasan Chowdhury, Beatrice Nolan, Orion, OpenAI, Chelsea Jia Feng, Anthony Scaramucci, Trump, Viktor Kovalchuk, Michael M, Robert Perry, Rebecca Zisser, what's, Donald Trump —, Morgan Stanley, Carta, Jed Finn, Goldman Sachs, Jeremy Siegel, Trump's, Jeff Bottari, Donald Trump, Joe Rogan, elect's, Elon Musk, Tesla's, Musk, Timo Lenzen, Juan Merchan, Donald Trump's, Jack Teixeira, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Orion, Getty, Companies, New York Times, Wall, Getty Images, Elon, BI, Trump Locations: GPT, undergrad, Mexico, New York, Ukraine, Massachusetts, Chicago, London
"Food Wars" hosts Harry Kersh and Joe Avella travel across New Orleans to find the best po'boy in the city. They'll be visiting four locations in just one day to see what the city has to offer. This is "Food Tours."
Persons: Harry Kersh, Joe Avella Locations: New Orleans
Kevin Costner didn't return for "Yellowstone" season five, part two. Kevin Costner was just as surprised at John Dutton's "Yellowstone" write-off as you were. On Monday, Costner told Smerconish his departure from "Yellowstone" was the result of scheduling conflicts. Costner told Smerconish he hadn't realized that Dutton's death was airing the night before and that he had yet to watch the episode. In case you missed the premiere, here's how to stream "Yellowstone" season 5, part 2.
Persons: Kevin Costner didn't, didn't, John Dutton, , Kevin Costner, John, Michael Smerconish, Costner, that's, Christine Baumgartner, Smerconish, hadn't, it's Organizations: Service, Paramount Locations: Yellowstone
S&P 500 and Nasdaq 100 futures each also ticked down about 0.1% each. Monday's action comes amid a market upswing that began following last week's presidential election won by Donald Trump. The Dow gained more than 300 points to close higher than 44,000, while the S&P 500 finished the session just over 6,000. "It's a lot of what we saw back in 2016 when Trump won the election the first time." The release of data from these inflation gauges comes after the Fed last week announced another interest rate cut.
Persons: that's, Donald Trump, Russell, Larry Tentarelli, They'll, Christopher Waller, Neel Kashkari Organizations: Dow Jones Industrial, Nasdaq, Dow, Trump, Federal, Fed, Minneapolis Fed, Home
He examines how his team steps up when he takes PTO to determine whether he's hired the right people. I usually find vacation an opportunity to judge if I've hired the right team. Every time I've come back, I've felt the folks I've hired are the right people; they've stepped up, and they know they can make decisions. So when I'm going on vacation, I ask myself, who can I direct people to instead for questions they'd normally ask me? AdvertisementLet's say you have one or two people on your team you're concerned about while you're going to be on vacation.
Persons: Gopal Shenoy, he's, , I've, they've, Slack, they'll, they'd Organizations: Service Locations: people's, they're
Elon Musk and other MAGA figures are onto a new fight: Who will be the next Senate Majority Leader. John Thune and John Cornyn. AdvertisementWith President-elect Donald Trump now on his way to the White House, his allies are settling on a new target: Getting a loyalist installed as Senate Majority Leader. Ahead of Mitch McConnell's long-awaited retirement from leadership, Republicans are set to choose a new leader on Wednesday of this week. John Thune of South Dakota, John Cornyn of Texas, and Rick Scott of Florida.
Persons: Elon Musk, MAGA, Sen, Rick Scott, Sens, John Thune, John Cornyn, Trump, , Donald Trump, Mitch McConnell's, John Thune of, John Cornyn of, Rick Scott of, Scott, Tucker Carlson, Robert F, Kennedy, Jr, Scott isn't, Kevin McCarthy, there's Elon Musk, Musk, Elon, Trump's, Cornyn, they'll, McConnell, that's, That's Organizations: Service, White, Republicans, Trump, GOP, Business, Senate Trump, Capitol, Republican, Punchbowl News Locations: Sens, John Thune of South Dakota, John Cornyn of Texas, Rick Scott of Florida, Florida, Texas, Ukraine
Here are four red flags to look for when choosing a financial professional, plus one green flag that an advisor could be a good fit, according to certified financial planners and advisors from across the U.S.Red flag No. 1: The financial advisor does most of the talkingIf a potential financial planner is doing most of the talking without letting you get a word in edgewise, it's a bad sign. Financial advisors who are also registered as investment advisors will have a public disclosure record with the SEC as well. In addition, you will also want to make sure that your financial advisor is certified in the way they claim. 4: You don't trust themOne red flag can't be found on a list or spreadsheet: lack of trust.
Persons: Carla Adams, Adams, Sean Williams, they've, Marisa Rothstein, Rothstein, Ashton Lawrence Organizations: U.S ., Ametrine, Cadence Wealth Partners, Industry, Authority, SEC, Siena Private, Mariner Wealth Advisors Locations: U.S, Michigan, North Carolina, Avon , Connecticut, South Carolina
The coming reign of the only child
  + stars: | 2024-11-11 | by ( Ann Friedman | ) www.businessinsider.com   time to read: +16 min
American women are having kids later in life, leaving less time to bear multiple children. American women in general are having children later, but the delay is most pronounced among the most educated. Even religious conservatives, who are biblically motivated to be fruitful and multiply, are starting families later and more often having only one child. So what will the coming reign of the only child mean for America? Just as having children is no longer seen as a required stage of adulthood, having siblings will no longer be a de facto part of childhood.
Persons: Hallie Parker, , Parker, Harry Potter, Harriet, Dennis, Menace, They're untethered, Drew Barrymore, Woods, Kanye, Zers, we've, it's, Granville Stanley Hall, Spock, Hall, Toni Falbo —, Thomas Edison, Jack Welch, Carl Icahn —, Rebecca Zisser, It's, Anastasia Berg, What's, isn't, Berg, Corinne Lyons, wasn't, fiancé, Lyons, China's, Onlies, they'll, iStock, they're, Paul Ehrlich, Anne, Bill McKibben, Elon Musk, JD Vance, Rainer Turim, Ann Friedman Organizations: National Council, Family Relations, Granville, Harvard, Hall, Detroit, Alpha Kappa Alpha Locations: America, Sweden, France, China, Stanford, Vietnam, India, Manhattan, Los Angeles
Meanwhile, 28% of holiday shoppers still have not paid off the gifts they purchased for their loved ones last year, according to another holiday spending report by NerdWallet . Major retailers tend to heavily discount some of their products as the holiday season unfolds. Heading into the peak holiday shopping season, there are a few steps you can take to help maximize your cash. "Slow shopping encourages consumers to think through each potential purchase rather than jumping on impulse," Woroch said. "This allows you to be mindful about what you're buying, why you're buying and who you're buying for while also giving you time to save up, compare prices and look for coupons," Woroch added.
Persons: they'll, Adam Davis, Davis, Sara Rathner, Sofia Baig, Gen, Andrea Woroch, Woroch Organizations: NerdWallet, National Retail Federation, U.S, Wells, Wells Fargo Retail Finance, Morning Locations: Wells Fargo, Novi , Michigan
Michael Hyun used creative financing to buy a home amid high mortgage rates in 2023. A provision in the mortgage contract called the due-on-sale clause makes this approach risky. But they had one advantage: Eileen was a real-estate agent, which qualified her as a real-estate professional under tax law. There, he found wholesalers, middlemen that buy property under contract to sell the contracts and transfer the property to the buyer. So, instead of going into foreclosure, they sold it to Hyun and transferred the mortgage, which had a balance owed of $368,486 at a 2.75% mortgage rate.
Persons: Michael Hyun, , Eileen, Hyun, homeownership, Pace Organizations: Service, Business Locations: Texas
Below, we've compiled everything you need to know about how to watch the NWSL Playoffs, starting with this weekend's quarterfinals. How to watch NWSL Playoffs in the USThe NWSL Playoffs will air across multiple streaming services and networks. Prime Video subscriptions start at $9/month, but you can also access Prime Video with a standard Amazon Prime subscription. Cord-cutters can live stream ABC through a live TV streaming service like DirecTV Stream or Fubo. Check price at ExpressVPNHow to watch NWSL Playoffs with a VPNSign up for a VPN if you don't have one.
Persons: We'll, Orlando Pride, ExpressVPN Organizations: Business, National Women's Soccer League, NJ, NY Gotham FC, Portland Thorns, Chicago Red Stars, Orlando Pride, Orlando Pride , North Carolina Courage, . Kansas City, Bay FC, Washington, Video, CBS, ABC, Orlando, Amazon, Amazon Prime, Carolina Courage, Paramount Plus, Paramount, Showtime, Nickelodeon, Comedy Central, BET, MTV, DirecTV, DirecTV Stream Locations: Orlando Pride ,, Bay, NJ
While Democrats touted job growth under Biden, Trump won over voters facing high prices. "I am promising low taxes, low regulations, low energy costs, low interest rates, secure borders, low, low, low crime and surging incomes for citizens of every race, religion, color, and creed," Trump said during remarks in September. BI adjusted 2021 amounts using Census-division-level inflation to understand how much real wages have changed across the US. Rhode Island had the highest real wage growth, just one of around a dozen states that saw an increase. Real wages massively fell in costly Washington, DC; even before adjusting for inflation wages were roughly flat.
Persons: Trump, , Donald Trump, Joe Biden, Kamala Harris, Biden, Biden's, Jed Kolko, Matthew Yglesias, Harris, Kolko, they'll Organizations: Biden, Counties, Trump, Service, Federal, The New York Times, BI, stoke Locations: Trump, Rhode, New York, Maryland, Washington
Commentators and academics have been weighing in on why Donald Trump won the US election. The images of him bleeding after a failed assassination attempt became the symbol of what supporters saw as a campaign of destinyHow Mr. Trump won is also the story of how Ms. Harris lost. Laurel Duggan, UnHerdWhy white women stuck with TrumpAdvertisementThe abortion issue had seemingly little impact on Republicans's performance with white women in this cycle. Nate Silver, founder of FiveThirtyEight and author of the Silver Bulletin newsletterSilver republished a lengthy blog post from late October with the new title "24 reasons that Trump won." Nate Silver offered up 24 reasons why Trump won.
Persons: Donald Trump, , There's, Donald Trump's, They've, Kamala Harris, Frank Bruni, Let's, Harris, aren't, Hannibal Lecter, Trump, Allysia Finley, Taylor Swift, Taylor, Swift, they'd, I'd, Sarah Baxter, Mueller, Francis Fukuyama, Ankush Khardori, Politico Trump, Shane Goldmacher, Maggie Haberman, Jonathan Swan, MAGA, Biden's, John Burn, Alexandra Ulmer, Gram Slattery, Elon Musk, Jim VandeHei, Mike Allen, Axios, David Weigel, Annie Lowrey, Biden, Gerard Baker, Hitler, Laurel Duggan, UnHerd, Sen, Chuck Schumer, Todd Landman, Evan Vucci Steve Hanke, Ronald Reagan, Steve Hanke, Reagan, Steve Hanke Nate Cohn, Tina Fordham, Trump's, Nate Silver, FiveThirtyEight, AP Matthew Yglesias, Yglesias, overperform electorally, Dominic Sandbrook, Sandbrook, Hillary Clinton, Tom Williams, Eric Cortellessa, Musk, Eric Cortellessa's Organizations: Service, Democratic, The New York Times Democrats, Trump, Street, Democrats Get, demeaned, Democrats, Financial, Republican, Biden, The New York Times, Trump Won, Republican Party, Britain's, Reuters Trump, White, Republicans —, Trump Republicans, Semafor, The Atlantic Voters, The, Democrat, Republicans, University of Nottingham, AP, Johns Hopkins University, Silver Locations: Trump, Ukraine, White, London, Florida, South Dakota, Arizona, Pennsylvania, Philadelphia, Ohio, Illinois, Wisconsin, Washington, New York City, San Francisco, Israel, California
Andrew Yeung, a former Google and Meta lead, goes on coffee chats three to five times a week. I spent a few years as a product lead at Google and a business operations lead at Meta before leaving to build a 7-figure business and invest in over 20 early-stage companies. Most of my business partnerships, clients, and — dare I say — friendships started with a coffee chat. Once I have clarity, I use my goal outcome to shape three discussion topics or broad questions for the conversation. Listen to learn, not to respondCome prepared to learn, but don't over-program your coffee chat.
Persons: Andrew Yeung, , Kate Cronin, I've, would've Organizations: Google, Service, Meta Locations: Fibe
France is going to send Ukraine Mirage fighter jets, the second Western jet type it will receive. The jets can carry Storm Shadow/SCALP missiles, and Ukraine's jets will reportedly have them. AdvertisementThe new Mirage fighter jets France promised to Ukraine will give it another combat platform able to launch the Western Storm Shadow missiles it has been using to frustrate Russia. AdvertisementIt is unclear how many Storm Shadow/SCALP missiles France may commit as part of the effort. It also not clear how many of the missiles Ukraine currently has.
Persons: , Sébastien Lecornuhas, Storm, Tim Robinson, Gordon, Skip, Davis, Volodymyr Zelenskyy, Vitalii, JUSTIN TALLIS Organizations: Ukraine Mirage, Service, Storm, Shadow, YouTube, Ukrainian Air Force, Dassault Aviation, La Tribune, Russia, UK's Royal Aeronautical Society, US Army, Getty, BBC, Tribune, Politico, Biden Locations: France, Ukraine, Russia, Kyiv
Luxury brands face uncertainty after Donald Trump won the US presidential election. His victory spells trouble for the sector's hopes of a comeback in China. AdvertisementAmerica has elected a new president, paving an uncertain future for luxury brands looking to boost sales in China. Tariffs further complicate luxury's China issuesChina has been a reliable cash cow for luxury brands for decades. AdvertisementNationalism's rise doesn't play well for luxuryTrump's return to the White House is a signal of a wider issue facing luxury brands — rising nationalism.
Persons: Donald Trump, , Trump, Jelena Sokolova, Martin Roll, they'll, Cheng Xin, Gary Ng, Ng, Daniel Langer, Justin Sullivan, It's Organizations: Service, America, Beijing, Morningstar, Trump, McKinsey, Pepperdine University Locations: China, outflows, Russia, Europe
Mortgage ratesHousing affordability has been a major issue due in part to a sharp rise in mortgage rates since the pandemic. Trump has said he'll bring down mortgage rates — even though 15- and 30-year mortgage rates are fixed, and tied to Treasury yields and the economy. Mortgage rates are unlikely to fall significantly, given the current climate, explained Jacob Channel, senior economist at LendingTree. Federal student loan rates are fixed, so most borrowers won't be immediately affected. But refinancing a federal loan into a private student loan will forgo the safety nets that come with federal loans, such as deferments, forbearances, income-driven repayment and loan forgiveness and discharge options.
Persons: Joshua Roberts, Matt Schulz, Trump, Jessica Caldwell, Edmunds, Trump's, Caldwell, Michele Raneri, Jacob Channel, Mark Kantrowitz Organizations: Federal, Reuters, Auto, Fed, Treasury, TransUnion, Mortgage, Association . Locations: Washington ,, Edmunds, U.S
UFC media rights are up for renewal next year, and TKO Group Chief Operating Officer Mark Shapiro tells me he thinks Netflix could be getting in the ring. "I think absolutely, they'll be at the table on UFC," Shapiro said in an exclusive CNBC Sport interview. Still, even with the WWE deal, Netflix didn't fully embrace its new role as a platform for live sports. "I think absolutely, they'll be at the table on UFC," Shapiro said in an exclusive CNBC Sport interview. Still, even with the WWE deal, Netflix didn't fully embrace its new role as a platform for live sports.
Persons: Alex Sherman, Mark Shapiro, Shapiro, They've, We've, Ted Sarandos, Sarandos, it's, Jake Paul, Mike Tyson, Netflix hasn't, we're, Tyson, Paul, It's, Vince McMahon, McMahon, He's, he's, , We're, Dick Clark, Paul Levesque, Dana White, Stan Kasten, Adam Silver, Adam, I'm, That's, Juan Soto, Shohei, Ohtani, Kasten, Jonathan Kraft, Sportico's, Kraft, Babe Ruth, Collect, Ruth, Red Ruth, Deiveson Figueiredo, Brandon Moreno, Louis Grasse Organizations: CNBC, UFC, Netflix, WWE, Disney, MMA, National Football League, NFL, Dick Clark Productions, Golden Globe, , Professional Bull Riders, Endeavor, PGA Tour, Comcast, Dodgers, NBA, Major League Baseball, New York Yankees, Nice, CNBC Sport, Ham Fighters, Summer, NBC, Tennis, Consumers, New England Patriots, Boise State, Louis Locations: U.S, Canada, It's, Los Angeles, Ohtani's, Hokkaido Nippon, Oregon, Gila, Glendale , AZ
Sarah Perl, who goes by the TikTok handle @hothighpriestess, says she has a successful career and relationship because she manifested both. Many of her recent posts focus on manifesting love, and they're particularly aimed at young women who want romantic relationships with men. She's not just saying that to the universe; she's feeding the TikTok algorithm, which likely sends her content to other young women. "I view manifesting almost like the For You page: Where you put your attention is where your life will end up going." For Gen Z, the divide between the divine and the digital can be razor thin.
Persons: Sarah Perl, She's, journaling, Ariana Grande, Gen, Zers, Z, Gen Zers, Amy Wu, Wu, they're, Sydney Stanback, Stanback, Shanna Watkins, Watkins, affirmations, ChatGPT, Emily McDonald, TikTok, isn't Organizations: Dua, Survey Center, University of Queensland Locations: Los Angeles, Dua Lipa, Dallas, Australia
Here are five phrases emotionally intelligent parents use when navigating difficult talks with their children. 'I have something important to talk to you about'Giving kids a warning before difficult conversations can help their nervous systems pre-regulate. If you can name your own emotions and demonstrate healthy coping skills, you can validate kids' feelings and work together to learn, practice, and use healthy coping strategies as a family. Using words like "let's" and "we" can help kids feel a sense of unity. Help kids know who else is in their support circle.
Persons: you've, Jessica Correnti, It's, they're, They're, they'll
Kristina Royce, a divorce attorney, says marriage should be treated like a business transaction. I've been a matrimonial lawyer for 23 years, representing high-net-worth individuals, including celebrities and entrepreneurs, who are navigating marriage or divorce. However, marriage is a business transaction with the potential for huge financial consequences, so it needs to be treated as such. AdvertisementBefore marriage: Create financial intimacyI believe a successful marriage requires three types of intimacy: sexual, emotional, and financial. Speaking to a divorce lawyer can help break down the communication barrier and ensure each person is educated about their rights and what they own.
Persons: Kristina Royce, Royce, , It's, I've, doesn't, Tess Martinelli Organizations: Service Locations: Los Angeles, tmartinelli
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