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The United Arab Emirates has now partnered with an aid agency to send crucial assistance to Gaza via the Israeli port of Ashdod. A UAE official told CNN Saturday that the vessel laden with critical food aid left on Saturday through a relationship with American Near East Refugee Aid (ANERA). Itayam told CNN the 400 tons of aid would undergo Israeli security clearance upon arrival. The plan is for most of the food aid to be delivered to northern Gaza, but Itayam said that depending on the security situation, ANERA might consider sending a shipment to the south as well. The United States has already begun construction of the pier, intended to help deliver humanitarian aid to Gaza, the Pentagon said on Thursday.
Persons: Jerusalem CNN —, Jennifer, , Itayam, Kerem Shalom, ANERA, Grant Shapps, , ” Matthew Hollingworth Organizations: Jerusalem CNN, United Arab, UAE, CNN, American, East Refugee, West Bank, Mohenad, ANERA, of, Britain’s Royal Navy, United, Pentagon, Royal Navy, , British, Food, Integrated Locations: Jerusalem, Gaza, Cyprus, Israel, United Arab Emirates, Ashdod ., Larnaca Port, Israel’s Ashdod, Kerem, Territories, UAE, Cardigan, United States,
One of them sent me an advertisement for CalHFA's ADU grant program that gives eligible Californians $40,000 to cover blueprints, permits, and closing costs to build an ADU on their property. In 2022, I began the process of getting approved for the CalHFA's ADU grant, which was pretty easy. As a result, my mortgage, including my main house and ADU, increased by $1,500 a month — from $1,200 to $2,700. There are two renters living in the main property and my son and I moved into the ADU. Living in the ADU with my son, I only pay $520 of the $2,700 mortgage.
Persons: , Blanca Barragan, They've, Barragan, I've, I'm Organizations: Service, Business, Habitat, Humanity, Tiny Locations: Sacramento, Blanca, California
Fiske, 24, was drafted by the Los Angeles Rams in the second round of the 2024 NFL Draft on Friday evening. "I had never been around that much money," Fiske told MarketWatch last month. Together, they've discussed "how my financial life is going to change" upon signing an NFL contract, Fiske noted. "I'm putting money into mutual funds, index funds, high-yield savings accounts and maybe exploring new investment opportunities, too," he said, adding: "I also have a Roth IRA ... But that doesn't mean he won't splurge on a fun purchase: He's an avowed fan of Nike's Air Jordan 1 sneakers, for example.
Persons: Braden Fiske, , Fiske, you've, they've, Roth, he's Organizations: Los Angeles Rams, Florida State University, FSU, NFL, Roth IRA, Air, Honda Accord, CNBC
Americans say they don't have enough money for retirement, with a solid chunk having no savings at all. At the same time, the economy is about to see the "peak boomer" generation retire and deplete their savings. Tourangeau is part of a generation of older Americans who don't feel confident in their financial situation. Any of those who leave the workforce to retire may need to rely on any retirement savings they have built. AdvertisementAre you a peak boomer or older American worried you won't have enough money for retirement?
Persons: , Pam Tourangeau, let's, it's, Indira Venkateswaran, Venkateswaran, Nancy LeaMond, LeaMond Organizations: Service, Congressional Research Service, AARP, Research, Savings, Americans, Federal Reserve, University of Michigan Health, Alliance, Lifetime, Security, Social Security Locations: America
Washington CNN —The head of the Federal Student Aid office, which has faced criticism for the botched rollout of this year’s college financial aid form, will be stepping down. The announcement of Cordray’s departure comes as his office has been under fire for problems with a new version of the Free Application for Federal Student Aid, or FAFSA, released late last year. “If there was a financial aid director, or even a college president, that delayed financial aid on their campus for up to six months, the professional price that would be paid for that would be pretty steep,” Justin Draeger, president of the National Association of Student Financial Aid Administrators, told lawmakers. Cordray’s tenureAs the head of FSA, Cordray oversaw not only the FAFSA but also the entire $1.6 trillion federal student loan system. It also sued Navient, one of the biggest federal student loan servicers, for allegedly processing payments incorrectly.
Persons: Richard Cordray, Cordray, Justin Draeger, Virginia Foxx, Miguel Cardona, Cordray’s, Rich Cordray’s, ” Cardona, , Rich, Obama, ” Cordray, Pell, Biden, Trump, Massachusetts Sen, Elizabeth Warren —, Navient, “ I’m, ” Warren Organizations: Washington CNN, Federal, Aid, CNN, Department of Education, Federal Student Aid, Education, Workforce, National Association of Student Financial, Republican Rep, Consumer Financial Protection Bureau, Democratic, National College, of Education, Public, Consumer Financial, Massachusetts, Corinthian Colleges Locations: North Carolina, Ohio
Some budgeting apps work by auto-transferring money to your savings account. Financial therapist and podcast host Amanda Clayman said these apps make you disengaged from your money. Budgeting apps make it easier for you to transfer money into savings accounts without having to think about it. While some people credit budgeting apps as useful tools, they're far from the best way to save money in the long term, according to Amanda Clayman, a financial therapist and host of the Audible series "Emotional Investment." According to Clayman, apps that automatically move money to your savings account can be great for short-term goals like planning for an upcoming vacation.
Persons: Amanda Clayman, , Clayman, she's, Zers, millennials Organizations: Service, Business
Inflation showed little signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated. The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, the same as in February, the Commerce Department reported Friday. Including food and energy, the all-items PCE price gauge increased 2.7%, compared to the 2.6% estimate. The Fed targets 2% inflation, a level that core PCE has been above for the past three years. Services prices increased 0.4% on the month while goods were up 0.1%, reflecting a swing back in consumer prices as goods inflation dominated since the early days of the Covid pandemic.
Persons: Dow Jones, George Mateyo Organizations: Reserve, Commerce Department, Dow, Treasury, Key Wealth, Fed, Labor Department
Median rent for one-bedroom apartments in the US declined again in April, according to @Zumper. AdvertisementLandlords aren't able to charge tenants more because apartment supply is surging across the nation at the highest rate in decades, according to Zumper. A flood of supply should keep rent growth in check for the remainder of the year and even into 2025, in Zumper's view. Below are the 28 US cities where rent for a one-bedroom apartment is cheaper than it was in March, according to Zumper. Along with each are its month-over-month and year-over-year rent changes, average rent price, and national rent ranking among the top 100 markets in the nation.
Persons: , iM2zdLRQMA — James Faris, @JamesFaris_, Ivy Zelman, Anthemos Georgiades, Zumper Organizations: Service, Business, Federal Reserve, Apple, Big Apple Locations: New York City, York City
Part of the problem: People continue to believe common misconceptions about managing and investing their money. When it comes to your retirement savings, target-date funds can be another smart option. Young couple managing finance and investment online, analyzing stock market trades with mobile app on laptop and smartphone. "People feel like, I can get a higher return with no risk … but basically, a higher return is always a reward for higher risk." There's almost no risk to money in federally insured deposit accounts, unlike investments that are subject to the daily changes in the stock, which can result in much higher risk.
Persons: Witthaya, Annamaria Lusardi, Paul Yakoboski, Young, Lusardi, There's Organizations: TIAA, Global Financial, Stanford Institute for Economic Policy Research, TIAA Institute, Target, CNBC, Financial Wellness, Board Locations: U.S
Lindsey and David Barber save 75% to 80% of their income for retirement and their son's future. Despite having enough to retire early, the millennial couple plans to keep working. AdvertisementLindsey Harrison Barber, 34, and her husband, David Barber, 35, have enough to retire early, but neither intends to slow down. Lindsey owns a marketing agency, while David owns an insurance agency, which bring in a combined eight figures in top-line revenue. Some are part of the FIRE movement — financial independence, retire early — though others are moving away from early retirement, whether to continue building generational wealth or transitioning to lower-stress roles that still give them something to do.
Persons: Lindsey, David Barber, they've, , Lindsey Harrison Barber, David, we've, we're, he's, hasn't, they're, she'll, they'll Organizations: Service, Business, North Carolina Locations: North Carolina , Texas , Kentucky, Ohio, Lindsey, North Carolina
New federal rules say travelers deserve cash refunds when inconvenienced by their airline – not vouchers or travel credits. The rules require the fees to be automatic and prompt: Within seven days for a credit card refund and 20 days for other forms of payment. Surge in complaints in 2022The Biden Administration proposed its change to the refund rules in 2022 after a surge in complaints about refunds when the coronavirus brought air travel to a standstill. More than half of the complaints involved flight disruptions or refunds. A federal law allows Congress to unravel recently implemented executive branch rules.
Persons: , Pete Buttigieg, CNN’s John Berman, ” Buttigieg, you’re, “ That’s, , There’s Organizations: CNN — Airline, , Transportation Department, Airlines for, Biden Administration Locations: , Airlines for America, ” “ U.S, Washington, November’s
Toymaker Hasbro posts quarterly profit beat, slower sales decline
  + stars: | 2024-04-24 | by ( ) www.cnbc.com   time to read: +1 min
Hasbro reported a smaller-than-expected drop in first-quarter sales and handily beat profit estimates on Wednesday, as leaner inventories and steady digital gaming revenue helped cushion a drag from softer demand for toys. However, efforts to clean up its inventory throughout 2023, along with cost efficiencies, helped its operating margin expand to 15.3%, from 1.8% last year. On an adjusted basis, Hasbro reported earnings per share of 61 cents in the quarter ended March 31, compared to 1 cent last year. The toy maker said it was on track to achieve the fiscal 2024 targets it set in February. On Tuesday, Barbie maker Mattel posted a smaller-than-expected loss for the first quarter, helped by its costs-saving measures.
Persons: Barbie, Mattel Organizations: Hasbro, Walmart, Target, Revenue, Wizards, Coast
Bank of America thinks Tesla's first-quarter results mark the start of a big turnaround. Analyst John Murphy upgraded the electric vehicle maker to buy from neutral. He also reiterated his price target of $220, which implies upside of 52% from Tuesday's close. The upgrade comes as Tesla reported weaker-than-expected earnings and revenue for the first quarter. TSLA 1D mountain TSLA pops BofA's Murphy noted that the quarterly numbers "essentially knocked out the recent negative catalysts with facts or reasonable explanations."
Persons: Tesla's, John Murphy, Tesla, Elon Musk, BofA's Murphy, Price, Murphy Organizations: of America Locations: Tuesday's
Depending on your tax bracket at the time of withdrawal, your 401(k) money could be taxed at around 20% or 30%. Note that if you have a Roth 401(k), which is funded with after-tax dollars, you won't be taxed when withdrawing. The longer you can wait to touch your 401(k) money, the longer you'll delay owing taxes. Finally, there's the "non-taxable portion," he said, which would be money in accounts like a Roth 401(k), Roth IRA, and HSA. Or do they have a Roth IRA that they can take it from tax-free to benefit them?"
Persons: , Grant Neiland, there's, you'd, Roth, Neiland, you've Organizations: Service, Business, Carson Wealth, IRS, Roth IRA
Gold and copper have been on fire, as geopolitical tensions mount, central banks buy up gold, and AI demand for copper grows. Copper, too, has done well, with copper futures hitting their highest level since 2022 last weekend. Stock picks He named Australian gold miner Northern Star and copper miner Southern Copper as stocks he's bullish on right now. He said against that backdrop, he's getting back into some gold mining stocks such as Gold Fields and K92 Mining. It said that copper demand will already "significantly exceed" supply starting this year — and that's not even accounting for demand growth from data centers.
Persons: Kingsley Jones, Jevons, CNBC's, Jones, Kamil Dimmich, Dimmich, he's, that's, Jefferies, Teck, Ian Roper, Michael Bloom Organizations: Wall Street, U.S . Federal Reserve, Stock, Northern Star, South, K92 Mining, Jefferies, JPMorgan, Teck Resources, North, Astris Advisory Japan KK, CNBC Locations: USA, Europe, South Capital, East, China, Freeport, McMoRan, Lundin, Teck, North America
AdvertisementEvans designed her facials business, Saving Faces, to be a calming retreat for her clients. Stella Kalinina for BIBecoming an esthetician set me on a journey to heal myself from the inside out. Stella Kalinina for BIWhen I started my healing journey, I became most connected to my hands. Stella Kalinina for BIFor wellness practices, I started to look at the world around me and find solutions in nature. Stella Kalinina for BIOne of my goals is to pass what I have learned on to my kids.
Persons: , Jenny Evans, It's, facials, couldn't, Evans, Stella Kalinina, BeautyGrass, Evans handmakes, skincare, I've, I'm Organizations: Service, Business, BI Locations: Los Angeles, Santa Cruz
In your 40s, you're likely hitting your peak earning years and beginning to seriously evaluate your strategy for saving, whether it's for retirement or your children's future. In 2023, Americans in their 40s managed to save over $6,930, according to data from New York Life. While that's lower than the $8,911 people in this age group aimed to save last year, it still puts them second on the list of age groups who managed to save the most in 2023. "It could be kids activities, it could be child care, or it could be college, all those areas take a lot of people's cash flow." Here are three tips from Cheng on how people in their 40s can save more this year.
Persons: Marguerita Cheng, Cheng Organizations: New York Locations: New
Nairobi, Kenya CNN —At least 32 people have been killed and two are missing after flash floods swept through almost half of Kenya. Kenya has registered heavy rain since mid-March but downpours have intensified over the past week, leading to mass flooding. Simon Maina/AFP/Getty ImagesTwo major highways out of Nairobi saw heavy traffic on Wednesday after floodwaters submerged parts of them. The Kenya Urban Roads Authority partially closed four roads that were heavily affected and warned of flooding on two others. The Kenya Meteorological Department warned of “heavy to very heavy” rainfall in parts of the country in an update on Wednesday.
Persons: downpours, , Edwin Sifuna, Simon Maina Organizations: Kenya CNN —, Kenyan, The Kenya Red Cross Society, Getty, Kenya Urban Roads Authority, Kenya Railways, Kenya Meteorological Department Locations: Nairobi, Kenya, The, , Mathare, AFP
Kyiv used these long-range missiles to batter Russian helicopters in multiple strikes last year. T South Korean Defense Ministry via Getty ImagesThroughout the war, Ukraine has routinely pressed Washington to provide ATACMS so it could hit high-value Russian targets deep behind enemy lines. Kyiv used the M39 ATACMS variant in those attacks. Regardless of the variant, the arrival of additional ATACMS will likely compel Moscow to change its strategy and tactics. While the statement did not specifically mention ATACMS, it said the package contains "additional ammunition" for the HIMARS, which could include ATACMS.
Persons: , Joe Biden, Dan Rice, Volodymyr Zelenskyy, ATACMS, Biden, Sen, Mark Werner, Zelenskyy, Serhii, Rice, AP Rice, Pat Ryder, ANATOLII STEPANOV, Vladimir Putin, Putin Organizations: Service, MGM, Tactical Missile Systems, US, South Korean Defense Ministry, Army Tactical Missile, Korean Defense Ministry, Getty, Kyiv, The New York Times, Reuters, General Staff, Ukrainian Armed Forces, Senate Intelligence, CBS, High Mobility Artillery Rocket Systems, American University Kyiv, South Korea Defense Ministry, AP, Pentagon Press, Air Force, Gunners, Separate Mechanized Brigade, Armed Forces, Pentagon Locations: Ukraine, Kyiv, Moscow, United States, South Korea, Washington, Ukrainian, Russian, Crimean, ATACMS, Crimea, Donetsk Oblast, , Russia, Kharkiv, AFP, NATO, Europe
If you're in your 40s and have over $40,000 saved for retirement, you're ahead of most people in your age bracket. Here's how much Americans have in their 401(k)s by age, according to Fidelity. By the time you reach your 40s, you should aim to have three times your salary saved for retirement, according to Fidelity's guidelines. Why Americans in their 40s haven't been able to save moreVarious factors have gotten in the way of this age cohort's ability to boost their retirement contributions. How people in their 40s can boost their retirement savings
Persons: they're, Anne Lester, Xers, Lester Organizations: Fidelity Investments, Fidelity, CNBC
At stake is the role of a wide spectrum of players, from fintech firms to card companies and established banks. Walmart's Fintech startup One is now offering BNPL loans in Secaucus, New Jersey. Buy now, pay later has gained popularity with consumers for everyday items as well as larger purchases. A Capital One Walmart credit card sign is seen at a store in Mountain View, California, United States on Tuesday, November 19, 2019. Meanwhile, Walmart said last year when its lawsuit became public that it would soon announce a new credit card option with "meaningful benefits and rewards."
Persons: Joe Raedle, Goldman Sachs, Omer Ismail, Hugh Son, BNPL, Jason Mikula, Amazon's, Karma, John Furner, John David Rainey, Dot, " Rainey, Rainey, Morgan Stanley, Walmart's, Yichuan Cao Organizations: Walmart, Getty, CNBC, New Jersey Walmart, Apple, Electronics, Adobe Analytics, Bank of Walmart, Robinhood, Walmart U.S, Coastal Community Bank, Capital, PayPal Locations: Hallandale Beach , Florida, Bentonville , Arkansas, Manhattan, Secaucus , New Jersey, New Jersey, U.S, Mountain View , California, United States
I was gifted with a new way of seeing the day I got mugged underwater. A couple years earlier, another curious octopus stole the wedding ring off my wife’s finger, never to be recovered. Peering into their dens, I’ve found earrings, bracelets, spark plugs, sunglasses and a toy car with a revolving cylinder that the octopus spun round and round with its suckers. As I wondered how to get my camera back without alarming my young friend, something surprising happened. After many years filming octopuses and hundreds of other animals that call the Sea Forest home, for the first time I was seeing the world — and myself — from her perspective.
Persons: I’d, Locations: South Africa
The intelligence chief of Israel's Defense Forces has resigned citing failures linked to the Hamas terror attack carried out on Oct. 7, during which 1,200 people died in Israel and more than 200 were taken hostage. "On Saturday, October 7, 2023, Hamas carried out a murderous surprise attack against the State of Israel, whose consequences are severe and painful. Haliva had previously assumed responsibility for failure to prevent the devastating attack, amid mounting domestic criticism and demands for accountability from Israel's highest echelons. "The reports regarding sanctions against the Netzah Yehuda Battalion are not currently known to the IDF. Should such a decision be made on the matter, its consequences will be reviewed," the Israeli military added.
Persons: Aharon Haliva, Haliva, Benjamin Netanyahu, Haliva's, Netanyahu, Axios, Netzah Yehuda, Yehuda, Yoav Gallant, Antony Blinken Organizations: Israel's Defense Forces, State, IDF, Israeli, Reuters, Times, Hamas, West Bank, CNBC, Netzah, Israel Defense Forces, U.S Locations: Israel, Times of Israel, Gaza, U.S, Iran
Strong bounce: The S & P 500 was on pace Monday afternoon to break a streak of six down days in a row. (The S & P 500 fell 3% last week.) Ford rallies: Ford was our best-performing portfolio stock Monday and one of the top-performing stocks in all of the S & P 500. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Financials, Wells Fargo, Wells, Ford, Tesla, Jim Farley, Farley, Abbott, Watson, Mead Johnson, Reckitt Benckiser, Johnson, Lockheed Martin, Sherwin Williams, We're, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Ford, Abbott Laboratories, NEC Society, Abbott, Johnson, SAP, Cadence Design Systems, Nvidia, Danaher, Motors, UPS, GE, PepsiCo, RTX Corp, Lockheed, Treasury, Jim Cramer's Charitable Locations: Wells, Cleveland, Nucor, Freeport, McMoRan
Opinion | Why Aren’t We Saving the Urban Forests?
  + stars: | 2024-04-22 | by ( Margaret Renkl | ) www.nytimes.com   time to read: +1 min
The volunteer black walnut sapling in our front yard arrived courtesy of a local squirrel. I had to mark it with a little flag to make sure my husband didn’t mow over it by accident. The baby Eastern red cedars and the baby black cherries and the baby red mulberries were all planted by birds. (The baby willow oak and the three baby shingle oaks that appeared two years ago have already fed the rabbits.) This black walnut won’t reach full maturity for another 150 years or so, and that’s if no one cuts it down — a bet I would not take.
Persons: didn’t mow
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