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☆ Cramer examines the bull cases for Nvidia as it sets new highs
▼ + stars: | 2024-05-28 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Just because CNBC's Jim Cramer thinks investors should own Nvidia — not trade it — doesn't mean he thinks they should buy it right now. On Tuesday, he said he still believes in the company but explained why the stock's rally may not continue. "While Nvidia's a great company with a great stock, in the end, it's still a stock. Cramer reaffirmed his belief that Nvidia, which hit a new high Tuesday, "pretty much owns AI, and AI pretty much owns the future," saying the company has been focused on developing extremely fast chips for decades. "The buyers haven't repealed the laws of what governs a stock, even if that stock is Nvidia," he said.

Persons: CNBC's Jim Cramer, it's, there's, Cramer, Ben Reitzes, Dan Fitzpatrick, Fitzpatrick Organizations: Nvidia

☆ Gen Zers are spending hundreds of dollars on dirty sneakers, and parents are shocked
▼ + stars: | 2024-05-28 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +5 min

On Net-A-Porter, the most expensive Golden Goose shoe costs just over $1,000, while the cheapest is $420. Some of the more expensive Golden Goose sneakers. www.goldengoose.comInterest in Golden Goose sneakers was bubbling among Zoomers last summer and seems to have boomed in 2024. Some Golden Goose disciples say they've been questioned about why they would buy dirty shoes, particularly for hundreds of dollars. When Schiffer's mom noted ripped jeans are in style too, her father asked: "Why don't you just buy my old sneakers?"

Persons: —, Porter, Francesca Rinaldo, Alessandro Gallo, they've, Dunks, Golden, Taylor Swift, Selena Gomez, Hilary Duff, Silvio Campara, aren't, Sydney Schiffer, there's, Schiffer, I'm Organizations: Service, Business, Super, Adidas, Bloomberg, Financial Times Locations: Milan

☆ My son was diagnosed with autism at age 5. I spent decades hoping he'd change — but now I accept him as he is.
▼ + stars: | 2024-05-28 | by ( Maribeth Smillar | ) www.businessinsider.com time to read: +4 min

He was diagnosed with autism at the age of 5. But I haven't spent my life hoping that Evan will be accepted. I've spent my life hoping that he will change. At times, I know I have failed them, but Evan is the one I have let down the most. In that pure and still place, I started to let go of what I had hoped would be and began to accept what was.

Persons: Evan, I've, Jamie, unfazed, Evan wouldn't, Evan doesn't, Long, Gray sweatpants Organizations: Service, Business, Celtics

☆ South Africa prepares for pivotal election that could see ANC lose its grip on power
▼ + stars: | 2024-05-28 | by ( Arabile Gumede | ) www.cnbc.com time to read: +1 min

President of the ruling African National Congress (ANC) and South African President, Cyril Ramaphosa at a rally on May 25, 2024 in Johannesburg, South Africa. Some 30 years on from the peaceful transition from apartheid rule to democracy, South Africa could once again be on the cusp of change. Since coming to power in South Africa's first democratic election in 1994, the African National Congress has focused on making inclusivity a core pillar of the country's economy. At the last national assembly election in 2019, turnout was 66%, already 7 percentage points lower than the previous vote. Even with the highest possible voter turnout, the ANC's result is expected to drop below 50%.

Persons: Cyril Ramaphosa, Nelson Mandela Organizations: National Congress, ANC, African, African National Congress Locations: Johannesburg, South Africa, South Africa's, Gauteng

☆ At 36, I'm on track to retire by 45, thanks to 4 small, powerful wealth-building habits: 'I found financial freedom when I took control'
▼ + stars: | 2024-05-28 | by ( Kimberly Hamilton | ) www.cnbc.com time to read: +4 min

I had recently moved to Washington, D.C., with a $40,000 starting salary, almost $45,000 of student debt and very little savings. I started with small but powerful changesDiscovering that interest calculator was a huge turning point for me because it jumpstarted my financial education. At the time, I made about $2,492 per month after taxes and deductions, and before monthly debt payments. I slowly increased my debt payments. As my income grew, I increased my extra debt payments up to $1,500 until I was debt-free.

Persons: I've Organizations: Washington , D.C, Beworth Finance, Craigslist, Technology Locations: Washington ,

☆ I'm a boomer who's about to retire at 59. I'm nervous about retirement because I'll have less income and too much free time.
▼ + stars: | 2024-05-27 | by ( Laura Landsbaum | ) www.businessinsider.com time to read: +4 min

After 20 years of early rising, I'm up before the sun with no prompting required. The 9:17 a.m. alarm is also deeply ingrained; it's the official attendance time when I'm required to pause my instruction and take attendance. I will walk away from teaching and into early retirement at 59, which makes me more than a little nervous. While I'll be doing something I care deeply about, I will still be below the salary I earned this year. Now that I'll have the time in retirement, what will my new exercise regime look like?

Persons: I've, I'm, They've, it's Organizations: Service, Business Locations: Texas, It's Texas

☆ We live in Hong Kong and are returning to the US to retire. We don't have a credit score and our Social Security is minimal.
▼ + stars: | 2024-05-27 | by ( Peter Maize | ) www.businessinsider.com time to read: +3 min

After 35 years of living and working in Hong Kong, my wife, Wendy, and I are returning home to the US. Setting aside concerns of whether we are jumping from a frying pan into a fire (ongoing crackdown on freedoms in Hong Kong versus political ruptures in the US), we have many other issues to grapple with. We don't have credit scores or credit cardsTake, for example, our credit score: we don't have one. In Hong Kong we have always paid our bills on time and are conscientious consumers. For us, that won't be a significant amount since most of my prime employment years were spent overseas working for Hong Kong companies.

Persons: Wendy, it's, We've Organizations: Service, Social Security, Department of Motor Vehicles Locations: Hong Kong, America, LA, Pacific, United States

☆ American parents with young children say they haven't felt this financially insecure in nearly a decade. Here's why.
▼ + stars: | 2024-05-26 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Read previewThe financial well-being of American parents with young children is plummeting, highlighting how unaffordable childcare costs have become. Advertisementathima tongloom/Getty ImagesThe percentage of parents with children under 18 who felt "okay financially" dropped from 69% in 2022 to 64% in 2023. Data from the Federal Reserve shows that parents haven't felt this financially insecure since 2015, when it recorded 65%. "The median monthly amount that parents using paid care paid for childcare was $800. Business Insider estimated that it could cost parents nearly $26,000 a year to care for one child in 2024 — a 41.5% increase from 2016.

Persons: —, athima, haven't Organizations: Service, Federal Reserve, Household Economics, Decisionmaking, Business, of America, New Zealand Locations: United States

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Persons: we've, you'll, you've, fryer, Braun, Fryer, Ninja's, Ninja, Crisp, Pick, It’s, Max, Casper, Pillow, Topper, Allbirds Organizations: Business, Apple, Day, Samsung, Walmart, Samsung TV, Amazon Sony, Amazon Samsung, Amazon, DreamCloud Sealy, Amazon ., Shop, Ninja, Sony, JBL Bluetooth, Amazon Beats, Amazon Apple, JBL, Haven, Elm, Flyers Locations: Brooklyn, France, Chewy

☆ Stuck in a hellish loop: ALICE parents explain how they never have enough money to give their kids the life they want
▼ + stars: | 2024-05-25 | by ( Noah Sheidlower | Juliana Kaplan | ) www.businessinsider.com time to read: +10 min

He buys the cheapest toiletries and groceries he can find, and he can't afford mental health resources. Childcare costs remain an immense burden for Americans across the income spectrum, and it's a cost that particularly weighs on ALICE parents. They can't afford proper mental health and medical treatments, which are few and far between in their rural community. Even when ALICE parents can obtain assistance, it's often not enough to account for the realities they face. Many ALICEs find themselves in a neverending cycle, even as parents aspire for more for both themselves and their kids.

Persons: —, Ryan Arbuckle, Arbuckle, Louis, he'll, ALICE, he's, Stephanie Hoopes, United For ALICE, Georgia Kristin Musselwhite, William, it's, Kristin, William Musselwhite, Pennsylvania Joey Lovello, Beki, Joey, Uber, doesn't, I'm, They're, they're, April Schultz, Kevin, Schultz, John S, we're, John, she'll, Katelynn, Joey Lovello Organizations: Service, Business, United, United For, Federal Reserve, Medicaid Locations: St, Georgia, Pennsylvania, Bethlehem , Pennsylvania, Illinois, Dover , Delaware

☆ Inside a new disaster-proof neighborhood in Florida, where million-dollar off-grid homes already survived two hurricanes and residents pay no electric bills
▼ + stars: | 2024-05-25 | by ( Dan Latu | ) www.businessinsider.com time to read: +1 min

The homes at Hunters Point, which start at $1.4 million, have already withstood two hurricanes. "We built these homes to be able to deal with the climate crisis," said developer Marshall Gobuty. One solution, said real-estate developer Marshall Gobuty, is to build more resilient homes. "People say they build to code, and my answer is 'Great,'" he told Business Insider. This story is available exclusively to Business Insider subscribers.

Persons: Marshall Gobuty, skyrocketing Organizations: Service, Business Locations: Florida

☆ I'm 89 and a huge Taylor Swift fan. I didn't let my age stop me from flying to Paris to see her in concert.
▼ + stars: | 2024-05-24 | by ( Jane Ridley | ) www.businessinsider.com time to read: +5 min

We were going to Paris to see Taylor on May 9, 2024. AdvertisementStrong enjoyed every moment of the Taylor Swift concert in Paris. When Jennifer asked if I wanted to see Taylor with her in Paris, it was a no-brainer. Five of us went to the concert, including Jennifer, 32, another granddaughter, Brianne Pattison, 36, and my daughter-in-law, Kay Strong, 66. I'm happy that the younger generation knows there are older people like me who love to have fun in their life.

Persons: —, Nancy Strong, Jennifer, Taylor Swift's, We've, — I, Taylor, I've, Taylor Swift, she'd, Asa, Strong, Jennifer Strong, Brianne Pattison, Kay Strong Organizations: Service, Business, MTV, Kanye West Locations: New York, Europe, Paris, Dallas, Reading , Pennsylvania, Reading, Antarctica, South America, Amsterdam, Anthropologie

☆ Welcome to anti-office Fridays and quiet vacationing
▼ + stars: | 2024-05-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the push for WFH Fridays and how that plays into the "quiet vacationing" phenomenon . The big storyAnti-office FridaysHector Roquet Rivero/Getty Images; Jenny Chang-Rodriguez/BIWith all due respect to summer Fridays, we've found a year-round replacement: WFH Fridays. But WFH Fridays' staying power remains to be seen. Which brings us back to WFH Fridays. The end result could be employers saying abuse of WFH Fridays means they need you back in the office… for good.

Persons: —, Hector Roquet Rivero, Jenny Chang, Rodriguez, we've, Insider's Juliana Kaplan, Noah Sheidlower, It's, Taiyou Nomachi, millennials, they've, BI's Kelsey Vlamis, haven't, it's, Momo Takahashi, Goldman Sachs, SEB Research, That's, Andrew Caballero, Reynolds, Isabel Fernandez, OpenAI, Scarlett Johansson, Sam Altman, Y Combinator, Tyler Le, Mark Cuban, Vivek Ramaswamy, Burger King, Dan DeFrancesco, Hallam Bullock, George Glover, Grace Lett, Laine Napoli Organizations: Service, Business, Workers, Companies, RBC Capital, Pujol, BI, Microsoft, Google, Bloomberg, Finance Ministers, Central Bank Governors Locations: Dublin, Germany, Meta, BuzzFeed, New York, London, Chicago

☆ 5 millennials who are on their way to financial independence share why they have no intention of retiring early
▼ + stars: | 2024-05-23 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

October, a speech-language pathologist for New York City Public Schools, started her journey toward financial independence a few years ago. October is one of many millennials who are working toward achieving financial independence, one of the main goals of the FIRE — financial independence, retire early — community. Some millennials who successfully achieved financial independence told BI that a traditional retirement is overrated. Advertisement"The whole time I've been thinking in terms of my financial independence as what I call single-player mode. She sees financial independence as an extension of her drive to fulfill passion projects.

Persons: —, Shelly, she'll, she's, She's, millennials, They're, Scott Rieckens, Millennials, Oz Chen, he's, Oz Chen He's, hasn't, I'm, Chen, Gabriela Ariza, Ariza, David, Jill Pawley, Jilly Pawley, they'll, they've, It's, Jill Organizations: Service, New York City Public Schools, Business, Neighborhood Assistance Corporation of America Locations: Yonkers, New York City, Los Angeles, Illinois, Chicago, Rockford, Haiti, Michigan

☆ I tried the Megaformer Pilates workout, loved by Kim Kardashian and Michelle Obama. It targeted my thighs in a whole new way.
▼ + stars: | 2024-05-23 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +7 min

The list of Lagree's celebrity fans is long, including, reportedly, Jennifer Aniston, Meghan Markle, Kate Hudson, Jennifer Lopez, Michelle Obama, and Kim Kardashian. Steve Granitz/Getty ImagesThe global boutique fitness studio market is currently valued at $55.16 billion and is expected to reach $79.66 billion in 2029, according to Research and Markets. The gym was luxurious but minimalist, with club-style studiosThere are a couple of fitness studios in London offering Megaformer workout classes now, both at £35 ($45). AdvertisementStudio Fix's Megaformer studio. Afterward I felt proud of myself and my body felt good from the stretching and mobility.

Persons: —, Sebastien Lagree, Jennifer Aniston, Meghan Markle, Kate Hudson, Jennifer Lopez, Michelle Obama, Kim Kardashian, Steve Granitz, I've, Rachel Hosie, Andrea, Rachel, Lagree, I'd, Najeeb Abunahl, Sebastian Lagree, Abunahl Organizations: Service, Business, Research, Sauce Communications Locations: barre, London, Kensington —, Europe

☆ Sweeping changes to America's aging power grid are on their way to help bypass NIMBY roadblocks and state infighting
▼ + stars: | 2024-05-23 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +9 min

America's power grid is old and stressed. The main problem: It takes way too long to build towering high-voltage power lines that carry electricity across state lines and to hook up new power to the grid. AdvertisementBut upgrading the power grid gets bogged down by several issues. A new rule issued by the Federal Energy Regulatory Commission this month is aimed at tackling some of the problems. If the US doesn't invest in regional transmission lines, customers will pay the price in the form of congestion and more life-threatening outages.

Persons: Brett White, Larry Gasteiger, Allison Clements, West Virginia —, Jeffrey Shields, PJM, Shields, Manu Asthana's, Asthana, Mark Christie, Neil Chatterjee, Chatterjee, Christine Powell, Chuck Schumer, Gasteiger Organizations: Service, Business, Energy, Princeton University, Federal Energy Regulatory, Democrat, Sierra Club, Republican, Department of Energy, DOE, FERC, Earthjustice's Clean Energy, University of Chicago, wouldn't Locations: Pine, States, Maryland, Pennsylvania, West Virginia, New Jersey, California

☆ Rep. Virginia Foxx on antisemitism hearing: Hoping to change attitudes on college campuses
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. Virginia Foxx on antisemitism hearing: Hoping to change attitudes on college campusesRep. Virginia Foxx (R-N.C.) joins 'Squawk Box' to discuss an upcoming hearing on anti-semitism on college campuses, whether federal funds could be withheld from universities, and why university officials haven't asked as quickly as Congress would have liked.

Persons: Virginia Foxx, haven't Organizations: Rep

☆ A year after a single mom stopped getting $500 a month through Chicago's basic income program, she's still holding down an apartment and making ends meet: 'It was every single thing that I prayed for.
▼ + stars: | 2024-05-23 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

Participants across the country have told BI they spent basic income money to pay rent, afford groceries, pay off debt, and support their children. In April, Chicago announced that it will restart it's basic income program. The renewed Chicago program will join a wave of over 100 basic-income pilots that have been launched since 2019. Fisher is still worried about costs, but Chicago basic income gave her 'a brand new start'When Fisher began receiving basic income, she felt immediate relief. With basic income payments, Fisher was able to afford daily expenses and buy the clothes and shoes she and her daughter needed.

Persons: —, Jennette Fisher, Sophia, Fisher, Fisher would've, Teri Olle, Chuck E, hadn't, She's, she's, Chicago's Organizations: Service, Business, SNAP, Economic Security, Chicago, father's Locations: Chicago, City, Economic Security California

☆ Corporate America is going through a middle-management meltdown
▼ + stars: | 2024-05-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Middle managers are becoming an endangered species in Corporate America, with some companies viewing the role as obsolete , writes Business Insider's Lindsay Dodgson. Remote work, tech efficiencies, and a general push to cut costs have contributed to middle managers' demise. It's a strategy Corporate America, particularly Big Tech, deployed in 2023. The "year of efficiency," as Mark Zuckerberg dubbed it, was all about flattening organizations, and middle managers were the ones getting squished . The death of middle managers could also fuel the current dismantling of another cohort: the middle class .

Persons: —, Brooks Kraft, Insider's Lindsay Dodgson, millennials, Gen Zers haven't, Robyn Phelps, they're, Mark Zuckerberg, Gen, Jeffrey Gundlach, we're, Blackstone, Abanti Chowdhury, Jensen Huang, Hopper, Blackwell, Lilit, Tyler Le, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Brooks Kraft LLC, Getty, America, Big Tech, Citi, Street Journal, KKR, Meta, Google, Nvidia, Paragon Intel, National Association of Realtors, FAA Locations: Corporate America, millennials, New York, London

☆ US sea route for Gaza aid isn't working, say Pentagon and UN
▼ + stars: | 2024-05-22 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

Read previewThe $320 million pier project to deliver aid to Gaza has yet to connect goods with the people who need them. Humanitarian aid groups have criticized Israel for not letting enough aid trucks into Gaza, keeping critical crossing closed, and creating logistical hurdles. The temporary pier was only anchored on a beach in Gaza last Thursday, the US Central Command said in a statement on its website. As of Tuesday, 569 metric tons of aid have been delivered to the Gaza port, Ryder said. In March, five children in Gaza were killed by an aid parcel with a malfunctioning parachute.

Persons: —, Pat Ryder, Gaza haven't, Israel, Steve Taravella, Ryder Organizations: Service, Business, UN, Pentagon, CNN, Food, Associated Press, AP, US Central Command, US Army Locations: Gaza, Israel

☆ New York Times publishes fresh details on the alleged affair that Elon Musk and Nicole Shanahan both deny
▼ + stars: | 2024-05-22 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +5 min

Three sources told the Times that Shanahan and Musk had an affair in December 2021 during a private party in Miami. Advertisement"Ms. Shanahan later told Mr. Brin that she had had sex with Mr. Musk, three of the people said. She also relayed the details to friends, family and advisers," the Times reported. Representatives for Shanahan, Musk, and Brin did not immediately respond to Business Insider's request for comment ahead of publication. In response to questions from a The New York Times reporter, Shanahan said she was "shocked the NYT is letting you run something like this."

Persons: —, Nicole Shanahan, Elon Musk, Sergey Brin, Tesla, Shanahan, Robert F, Kennedy Jr, Brin, Musk, it's, Ian Tuttle, Anna Webber, Grimes, Sergey, Nicole, Walter Isaacson Organizations: Service, New York Times, Business, Times, Drug Enforcement, Variety, Street Journal, Shanahan Locations: Miami

☆ Target comparable sales have dropped for 4 straight quarters, and it's scrambling to avoid a 5th
▼ + stars: | 2024-05-22 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTarget reported $24.5 billion in revenue last quarter, with comparable sales down 3.7%, marking the fourth consecutive quarter of decline. Unlike total sales, comparable sales exclude new and closed stores, and analysts commonly use the measure to assess a business' underlying health. AdvertisementThe company also revamped and expanded its membership program, Target Circle, adding over a million new shoppers last quarter. "We're encouraged by the meaningful progress we've seen in recent quarters," Cornell said.

Persons: —, Brian Cornell, Cornell, Jack children's, We're Organizations: Service, Business, Walmart, Amazon Prime, Target

☆ Emory students won a $10,000 prize for their AI tool. Then the university punished them.
▼ + stars: | 2024-05-22 | by ( Meghan Morris | ) www.businessinsider.com time to read: +4 min

Read previewEmory University students created an artificial intelligence-driven study tool last year. The business school highlighted them on social media. Emory said the duo violated the school's honor code, because students could use Eightball in ways that would breach it. But in October, Emory told the developer that he may have violated the honor code, per Craver's lawsuit. In November, Emory told Craver that it was weighing five honor code violations for him.

Persons: —, they'd, Emory, Benjamin Craver, haven't, cofounders, Craver, Ben Organizations: Service, Emory University, Business, Emory, Student Locations: Spanish

☆ I'm a Disneyland performer — I work hard for not enough money. Now we're unionized, I'm feeling hopeful.
▼ + stars: | 2024-05-22 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +4 min

Read previewMai Vo began her career as a lookalike performer at Disneyland in 2004. I'm doing partner work with another performer, a female who may weigh less than 100 pounds. AdvertisementDisneyland performers often push through pain and work really, really hard. 'Financial independence would be nice'I've seen colleagues work extra hard, doing overtime and working six-day weeks just to survive in Southern California. For many Disneyland performers, this is their dream job.

Persons: —, Mai Vo, haven't, Mickey Mouse, Jae C, I've, I'm Organizations: Service, Magic United, Business, Disney Locations: Anaheim, Southern California, Anaheim , California

☆ GM all-electric Chevy Equinox goes on sale as the latest test for EV production and demand
▼ + stars: | 2024-05-22 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

The Equinox EV is launching with higher-priced models that start at roughly $43,000 to $51,100 (without any incentives). The Equinox EV is arriving to market following the Blazer EV and alongside GM's more than $96,000 Silverado EV RST. Equinox EVAll of that being said, the Equinox EV is an Equinox in name only. Outside of the U.S., the Equinox EV will be sold in Canada, Mexico, the Middle East and some South American markets such as Brazil. GM's 2024 Chevrolet Equinox EV (right) next to a gas-powered Chevy Equinox on May 16, 2024 in Detroit.

Persons: Michael Wayland, Mark Reuss, Tesla, Kathleen Murawski, Chevy Bolt, It's, We've, Rory Harvey, we've, Marissa West, West, Paul Waatti, Waatti Organizations: CNBC DETROIT, General Motors, GM, CNBC, Chevy, GMC Hummer EV, Blazer, Global, Silverado EV RST, Silverado, GM North America, Chevrolet, Motors, EV Locations: Detroit, China, U.S, Canada, Mexico, Brazil

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