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Read previewATLANTA, Georgia — Fulton County District Attorney Fani Willis testified Thursday that she and the special prosecutor she hired to oversee the Trump case butted heads on gender norms while they dated. "Mr. Wade is used to women that, as he told me one time, the only thing a woman can do for him is make him a sandwich," Willis testified. Willis testified during the contentious Thursday hearing that Wade's attitude on issues like that was a pain point for them while dating. During a line of questioning about the end of Willis and Wade's relationship, the Fulton County DA offered a glimpse into the former couple's dynamic. However, Robin Bryant Yeartie, a former friend and colleague of Willis, testified Thursday that Willis and Wade's relationship began in 2019.
Persons: , Fani Willis, Willis —, America —, didn't, Nathan Wade, Mr, Wade, Willis, Donald Trump, Mike Roman, I'm, Trump, Robin Bryant Yeartie Organizations: Service, Trump, Business, Fulton County DA Locations: ATLANTA , Georgia, Fulton County, America
Mr. Biden, who promised to visit soon after the disaster, has faced criticism from Republicans and some residents for not going sooner. “The town is still very divided,” said Misti Allison, a 35-year-old resident of East Palestine, a small town in a conservative state. Even the invitation for Mr. Biden to visit from the mayor of East Palestine, Trent Conaway, carried a hint of the division. Mr. Conaway has also criticized Mr. Biden for allowing former President Donald J. Trump to visit the community of about 5,000 before him. “We’re getting tired,” said Jami Wallace, who formed the Unity Council for the East Palestine Train Derailment to keep track of the response and the community’s concerns.
Persons: Biden, Biden’s, , Misti Allison, ” Mr, Mr, ” Karine Jean, Pierre, Ms, Jean, Barack Obama, Trent Conaway, Conaway, Donald J, Trump, ” Mike Young, “ You’re, Timothea, Deeter, “ That’s, , ” Ms, Pierre said, “ We’re, Jami Wallace Organizations: Trump, Mr, Norfolk Southern, Environmental Protection Agency, White House, Unity Council, East Locations: East Palestine , Ohio, , East Palestine, Norfolk, Ohio, Flint, Mich, America
More than 37 million Americans live alone or about 29% of all U.S. households, according to data from the U.S. Census Bureau American Community Survey. The covid-19 pandemic helped accelerate the rise of solo living, with 2.4 million more people living alone today than in 2019. The report looked at the number of one-person households in each city as well as the number of males and females living in one-person households. Data from the American Community Survey was not available for 2020 due to the covid-19 pandemic. Data for the following cities was not available for 2022, so they were omitted from the analysis: Macon, Georgia; Louisville, Kentucky; Columbus, Georgia; Spokane Valley, Washington and Rancho, California.
Organizations: U.S . Census, American Community Survey, Commerce, American, Survey Locations: U.S, America —, Macon , Georgia, Louisville , Kentucky, Columbus , Georgia, Spokane Valley , Washington, Rancho , California
New York CNN —Netflix recently bet $5 billion on the idea that pro wrestling is due for a renaissance. The potential liability for Netflix, though, lies with World Wrestling Entertainment’s longtime puppet master and promoter, Vince McMahon. CNN: Vince McMahon has been a powerful force in American culture over the last 40 years, but I think that’s hard to convey to non-wrestling fans. Riesman: For about 40 years, Vince McMahon was the central actor and gravitational point for the American and Canadian professional wrestling industry. There’s kayfabe, and then there’s what Vince really pioneered, which is neokayfabe, a term I made up.
Persons: CNN Business ’, , Hulk Hogan, That’s, Wrestling Entertainment’s, Vince McMahon, McMahon, didn’t, Abraham Josephine Riesman, , ” Riesman, Dwayne “, ” Johnson, Steve Austin, Donald Trump, Riesman, Vince, Donald Trump’s, Vince’s, Donny Trump, Trump, Linda, I’m, It’s, There’s, You’re, you’re, Vince McMahon’s, Mr, McMahon ”, Sammy Stein — Organizations: CNN Business, New York CNN, Netflix, Wrestling, WWE, Wall Street, CNN, American, Trump, Trump . CNN, Endeavor Locations: New York, America, Canadian, Queens, United States
All the Times That People Have Hyperventilated About Taylor and TravisThe planet’s biggest pop star met America’s biggest sport, and heads collectively exploded. Way back in July, Travis Kelce, the Kansas City Chiefs’ star tight end, publicly offered himself as a potential suitor for Taylor Swift, whose Eras Tour had catapulted her beyond her already stratospheric fame. Few could have imagined that on the eve of the Super Bowl, we’d all be here. Boy met girl, football fans met Swifties and each new development became a cause for hyperventilation. Now, as kickoff approaches, we look back at some of the key meetings and the extreme emotions those meetings have engendered.
Persons: Taylor, Travis, America’s, Travis Kelce, Taylor Swift, Sunday’s, Swifties Organizations: Times, Kansas City Chiefs Locations: America
In 2023, Save America disbursed a total of $1,303,667.11 to the law firm Troutman Pepper Hamilton Sanders, and $1,042,479 to the firm Kellogg, Hansen, Todd, Figel, & Frederick. AdvertisementBoth firms represented Ivanka Trump in New York Attorney General Letitia James's sprawling lawsuit against the Trump Organization, Donald Trump, his three eldest children, and several executives over its finances. Clifford S. Robert and Michael Farina of Robert & Robert served as their local counsel while also defending Eric Trump and Donald Trump, Jr. in the litigation. Kellogg and Figel withdrew from representing Ivanka Trump the following month as the case moved closer to trial. Ivanka Trump didn't respond to a request for comment.
Persons: , Donald Trump, Ivanka Trump, Robert, — Ivanka Trump, Eric Trump, Donald Trump , Jr, Trump, He's, Robert Maguire, Maguire, Troutman Pepper Hamilton Sanders, Kellogg, Hansen, Todd, Figel, Frederick, Ivanka, Letitia James's, Michael K, Kellogg Hansen, Reid M, Clifford S, Michael Farina, Farina, Lev Radin, Troutman Pepper, Bennett S, Moskowitz, Jeffrey Epstein's, Ketan D, Bhirud, Trump's, Arthur Engoron, Jane Rosenberg, wasn't, Moskowitz —, general's, Michael Cohen, Jared Kushner, Amalija Knavs, Robert didn't, It's, Kushner Organizations: Service, Save America PAC, Commission, Business, PAC, Trump Organization, Save, Trump, Citizens, Election Defense Fund, Ivanka Trump, New York, Pacific Press, Getty, Ivanka Trump's, New, Trump's Save America PAC, Court, REUTERS, America, MAGA PAC, Republican Locations: Washington, New, New York, DC, Manhattan, New York City, U.S, Florida, Palm Beach , Florida
Family offices have boomed in the last few years, thanks in part to the growing number of wealthy individuals. Family offices typically cater to investors with $100 million or more in net worth. Themes for the coming years What type of assets are family offices looking to buy in the next few years? Other themes that family offices are bullish on include health care and longevity, the energy transition and generative artificial intelligence, said Citi's Hofmann. Alternative assets are also becoming more popular with family offices, such as private equity, private debt and infrastructure, according to the providers.
Persons: There's, Hannes Hofmann, Citi's, That's, Robin Harris, Harris, Citi's Hofmann, Ocorian's Harris Organizations: Oxfam, Economist Intelligence, KPMG, UBS, CNBC, CNBC Pro, Citi, Tech, Equity, U.S . Federal Reserve Locations: United States, Asia, India, Europe, America, U.S, Ocorian, Japan, Middle East, Africa, Pacific, North America,
On a year-over-year basis, sales rose 8.2%. Still, the comparable store sales challenges in the U.S. and China force us to be less upbeat about the company's prospects than we were after prior quarter. In Starbucks' international segment, comparable store sales rose 7% as transactions increased 11% but ticket amount dropped 3%. Comparable store sales in China rose 10%, the company said, below the the 17% estimate, according to Bloomberg data. It expects full-year comparable sales on a global basis and in the U.S. to grow 4% to 6%.
Persons: Jim Cramer, Laxman Narasimhan, Narasimhan, Rachel Ruggeri, Ruggeri, Jim Cramer's, Jim, Gabby Jones Organizations: Starbucks, Revenue, Management, Buyers, Wall Street, FactSet, U.S, Bloomberg, CNBC, Getty Locations: China, U.S, North America, Israel, New York
Last June, on a whim, I canceled Amazon Prime. I still regularly buy things from Amazon with free shipping, but I'm happily out on Prime. After canceling Prime, I've been able to reevaluate the necessity of that ultra-fast, free shipping and have found it mostly unneeded. AdvertisementLeaving Prime also meant the end of free Amazon Prime Video, but I've been able to bear it. If Amazon Prime members started reconsidering and discarded the service en masse, it would be trouble for the company.
Persons: I'd, I'm, I've, Max Organizations: Amazon Prime, Amazon, Netflix, Big Technology Locations: America
Read previewDomino's Pizza is the latest American brand to face blowback as some consumers change their buying habits in light of Israel's invasion of Gaza. Domino's Pizza Enterprises, a franchisee of the US company that operates Domino's restaurants in Australia, Europe, and Asia, said same-store sales in Asia fell an estimated 8.9% in the second half of 2023. Domino's Pizza Enterprises also operates in countries including Singapore, Japan and Taiwan. Spokespeople for Domino's Pizza Enterprises and Procter & Gamble did not immediately respond to Business Insider's request for additional comment. In an investor presentation last month, Unilever CEO Hein Schumacher said that some of its brands in Indonesia have been affected by "the wars in the Middle East."
Persons: , America —, Donald Meij, Domino's, Gamble, McDonald's hasn't, Ian Borden, Borden, Hein Schumacher Organizations: Service, Business, Pizza Enterprises, Enterprises, Palestine, CNN, Israel, Procter & Gamble, Bloomberg, Starbucks, Domino's Pizza Enterprises, Procter, Reuters, Unilever Locations: Gaza, Australia, Europe, Asia, Malaysia, Singapore, Japan, Taiwan, Israel, Indonesia, Pakistan, pushback, Egypt, Jordan, London
NEW YORK (AP) — Microsoft is laying off about 1,900 employees in its gaming division, according to an internal company memo, just over three months since the tech giant completed its $69 million purchase of video game maker Activision Blizzard. Those impacted worked on teams for Activision Blizzard as well as Xbox and ZeniMax — which are also owned by Microsoft. “As we move forward in 2024, the leadership of Microsoft Gaming and Activision Blizzard is committed to aligning on a strategy and an execution plan with a sustainable cost structure that will support the whole of our growing business,” Microsoft Gaming CEO Phil Spencer wrote in the memo. The union deal was part of a 2022 agreement with the CWA that helped address U.S. political concerns about the merger’s effects. So far, however, only a small set of Activision Blizzard divisions have formed unions.
Persons: Activision Blizzard, Phil Spencer, Mike Ybarra, ” Ybarra, , , _________________ O'Brien Organizations: Microsoft, Activision, Associated Press, Activision Blizzard, Microsoft Gaming, Twitter, European Union, The U.S . Federal Trade Commission, FTC, Google, Riot, eBay, Communications Workers, CWA Locations: United Kingdom, European, U.S, Canada, Providence , Rhode Island
Tesla CEO Elon Musk, whose company operates a large plant in China, has said Chinese automakers are the greatest competitors for his Texas-based company. "They were 26% [market share] a few years ago, up to more than 50% in 2022 and headed towards two-thirds by the end of the decade." Chinese companies have begun expanding into Mexico, Europe and elsewhere, Wakefield said. The EU believes Chinese EVs are undercutting the prices of local models by about 20% in the European market. The influx of Chinese EVs has spurred the European Union to launch into government support for the industry.
Persons: , Carlos Tavares, Elon Musk, Tesla, Musk, BYD, Massimo Pinca, Reuters BYD, Kristin Dziczek, Mathew Vachaparampil, Bernstein, Eunice Lee, Mark Wakefield, Evelyn Cheng, hasn't, Wakefield, That's Organizations: GM, Shanghai International Automobile Industry, National Exhibition, Convention Center, Visual China, Getty, DETROIT, American, of, SAIC, Dongfeng, General Motors, U.S . Bureau, Analysis, America —, Chrysler, America's GM, Ford Motor, automakers, The New York Times, Economist, Reuters, Federal Reserve Bank of Chicago's, Caresoft, Overseas, Chicago, CNBC, European Union, EU, Union, Volvo, Karma, Ford, U.S, Buick, Lincoln Nautilus Locations: Shanghai, U.S, of China, Asia, Europe, China, Japan, Nio, Mexico, Korea, Germany, Beijing, Texas, Turin, Italy, Federal Reserve Bank of Chicago's Detroit, AlixPartners, Russia, America
Rovers, science experiments, golf balls and other telltale signs of human exploration still sit on the lunar surface, and it’s only just beginning as more space agencies and countries plan trips to the moon. An artist's illustration depicts the SLIM lander's descent toward the lunar surface. JAXAJapan’s “Moon Sniper” robotic explorer successfully landed on the lunar surface Friday but almost immediately encountered a critical issue. The Japan Aerospace Exploration Agency team said it believes the solar power issue is a result of the spacecraft facing the wrong direction. If the Moon Sniper can soak up some sunlight, the mission may continue.
Persons: Smart Lander, Emmanuel Rondeau, , Eager, Nick Famoso, Irene Stachon, Trent Ford, Lockheed Martin, Ashley Strickland, Katie Hunt Organizations: CNN, , telltale, JAXA, Japan Aerospace Exploration Agency, North America, University of Alaska, WWF, Force, NASA, Lockheed, CNN Space, Science Locations: Soviet, North, University of Alaska Fairbanks, Elma, Malayan, Malaysia, Oregon, Mitchell , Oregon, Scandinavia, Finland, Äkäslompolo, United States, Chicago, Illinois
If that sounds like a tall order for a summer getaway, the luxury travel company Virtuoso asked 20,000 of its travel advisors to share their top experiences for 2024. Dark sky tourism focuses on rural locations without light pollution, such as Greece's Olympus Mountain National Park. Departing in August, Virtuoso recommends travelers first take in the Olympic Games before departing the city in style. Passion travelsHobbies may be associated with the home, but Virtuoso recommends taking your passions on the road. Virtuoso recommends exploring Peruvian cuisine at the Mistura Food Festival, or checking out the street food of Ljubljana, Slovenia.
Persons: Nicolas Economou, Manoj Shah, Belles, Bhutan's, Young, Peter Adams, Chiang Mai, Koh, Wiphop, Sakura, James Cole, Hillary, Cousteau, Shackleton, pricey, Yasin Akgul, bookworms, Wolfgang Kaehler, Brian Curtice, Levente Bodo, ERNESTO BENAVIDES Organizations: Nurphoto, DarkSky, Stone, InterContinental, UNESCO, Istock, Expedition, Getty, CNBC Travel, Orient, Afp, Departing, Olympic Games, Chelsea Flower, Lightrocket, Festival Locations: stargazing, Norway, Iceland, Canada, Northern Mexico, Blanco , Texas, Albanya, Spain, Africa, Bhutan, Thailand, Pana, Yai, Bangkok, Japan Japan, United States, North America, Japan, Hakodate, Hokkaido, Kyoto, Kanazawa, Fuji's, Antarctica, Paris, Istanbul, Turkey, Asia, Europe, Venice, Turkish, Strahov, Riau, Isla, Ljubljana, Slovenia
However strange it sounds, that contradiction fits snugly in explanations of what climate change is doing to Earth, scientists said. But when the polar vortex weakens, the arms start flailing out, the skater slips and “all the cold air then gets released away from the center of the polar vortex," Cohen said. The current cold outbreak is consistent with Arctic change and the polar vortex, Cohen said. Cohen and others have done studies that show the polar vortex outbreaks have become more frequent in recent decades. But another polar vortex looks like it's coming at the end of the month, though not as strong as this one, they said.
Persons: turvy, , Jennifer Francis, Judah Cohen, Cohen, Steve Vavrus, It's, Francis, Marshall Shepherd, , Victor Gensini, Gensini, ___ Read, Seth Borenstein Organizations: North Dakota, NFL, Amplification, Atmospheric Environmental Research, University of Wisconsin, University of Georgia, Northern Illinois University, Associated Press Locations: United States, Asia, Africa, East, South America, North, Miami, Kansas City, Melbourne, Aruba, Curacao, Argentina, Oman, Iran, Texas, Boston, Madison, Chicago, Denver, Lincoln, Omaha , Oklahoma City, Dallas, Houston, AP.org
Travel tool Turbli analyzed the turbulence levels of 150,000 flights in 2023. The data showed the top 10 bumpiest flight routes in North America. A November 2023 report from Business Insider found that climate change has played a noticeable role in flights becoming more turbulent and bumpy in recent years. Fortunately, a report from travel tool Turbli sheds light on which flight routes experienced the most turbulence in 2023. This story is available exclusively to Business Insider subscribers.
Persons: , it's Organizations: Nashville International, Durham International, Service, Business Locations: North America, Nashville, Raleigh
Donald Trump was tough, mean and self-pitying (a nifty combination). And the woman who is now Trump’s chief challenger, Nikki Haley, is one of the toughest politicians in America — by which I mean confrontational, willing to hammer her foes. When you read accounts of her days in South Carolina, her bellicosity fairly ripples off the pages. In a fantastic 2021 profile in Politico Magazine, Tim Alberta quotes a former South Carolina Republican Party chair: “Listen, man. Nikki Haley has a memory.
Persons: Abraham Lincoln, , Reagan, Obama, Donald Trump, Biden, Nikki Haley, Tim Alberta, Haley, , I’ve, Organizations: White House, Politico Magazine, South Carolina Republican Party Locations: America, South Carolina, Alberta
You won't see this weekend's Kansas City Chiefs-Miami Dolphins NFL playoff game on broadcast TV. It's a big change — and a test for Comcast: How many people will actually subscribe to a streamer to watch the NFL? AdvertisementThat's because last year, NBCUniversal paid the NFL $110 million for the rights to a streaming-only playoff game. (One exception: In 2015, cable channel ESPN aired a single playoff game.) At a press call with reporters earlier this week, NFL distribution executive Hans Schroeder wouldn't commit to whether the league would do more streaming-only playoff games next year: "This is a deal for this year, but it's an NFL playoff game.
Persons: — Peacock, It's, , Taylor Swift, NBCUniversal, hasn't, Peacock, Hans Schroeder wouldn't Organizations: Kansas City Chiefs, Miami Dolphins NFL, Comcast, Service, Miami Dolphins, NFL, Business, ESPN, Kansas City, NBC Locations: America, Kansas, Miami
Opinion | Why Jan. 6 Wasn’t an Insurrection
  + stars: | 2024-01-12 | by ( Ross Douthat | ) www.nytimes.com   time to read: +2 min
I’ve written several times about the case for disqualifying Donald Trump via the 14th Amendment, arguing that it fails tests of political prudence and constitutional plausibility alike. But the debate keeps going, and the proponents of disqualification have dug into the position that whatever the prudential concerns about the amendment’s application, the events of Jan. 6, 2021, obviously amounted to an insurrection in the sense intended by the Constitution, and saying otherwise is just evasion or denial. Such a limitation, they say, ignores all the obvious ways that lesser, less comprehensive forms of resistance to lawful authority clearly qualify as insurrectionary. I have a basic sympathy with Calabresi’s suggestion that the “paradigmatic example” that the drafters of the 14th Amendment had in mind should guide our understanding of its ambiguities, and since the paradigmatic example is the Civil War, in which hundreds of thousands of people were killed, a five-hour riot probably doesn’t clear the bar. (For related arguments about the perils of applying precedents from specific crises to radically different situations, see this essay from Samuel Issacharoff as well.)
Persons: disqualifying Donald Trump, Adam Serwer, Jonathan Chait, Ilya Somin, Steven Calabresi, Samuel Issacharoff Organizations: prudential, Constitution, Trumpist Army, U.S, Capitol Locations: Northern Virginia, Confederate, America, New York
AdvertisementConnecticut was quick to experience the impact of weight loss drugs on its economy last year. Politico reported in November that the state's employee health plan was set to spend $30 million on drugs like Ozempic and Wegovy. Comptroller Sean Scanlon told BI that that was up from $8 million in 2020. Connecticut began testing out a method to offer those seeking weight loss drugs access to a program with online tools for weight management. In North Carolina, the State Health Plan has put a moratorium on new users of GLP-1 drugs for weight loss.
Persons: Sean Scanlon, Scanlon, it's, Dale Folwell, Folwell, Shelby Livingston, Eli Lilly, that'll, Nik Modi Organizations: Service, Business, Bloomberg, Medicaid, Politico, BI, State, North, State Health, Novo Nordisk, Wall Street, University of Texas System, UT, RBC Capital Markets Locations: Connecticut, Wegovy, . Connecticut, North Carolina, Novo, Netherlands, United States
In 2020, Ralph Lauren launched initiatives to expand its “collegiate sensibility,” which first resulted in a 2022 collaboration with Morehouse and Spelman Colleges incorporating the traditions and styles of historically Black colleges and universities. “Ralph Lauren has always been inspired by the people, art and cultures that make up America,” wrote David Lauren, son of founder Ralph and the company’s chief branding and innovation officer, in an email to CNN. Courtesy Ralph LaurenThe designer, activist and TikTok-famous skateboarder enthusiastically “reimagined” signature Ralph Lauren silhouettes, like the Great Ranch Coat, an outerwear piece she’d admired for years. “So it was just me, weaving exactly how they would, just true to their own style.”"Heritage and tradition are at the center of everything I love," said Ralph Lauren in a statement. Ryan RedCorn/Courtesy Ralph LaurenGlasses' collection features 32 pieces total, in colors "inspired by her homeland on Navajo Nation," the brand said.
Persons: Ralph Lauren’s, “ It’s, Ralph Lauren polos, nava, , , Ralph Lauren, ’ ”, Ryan RedCorn, Ralph Lauren “, Tyler Sr, , Gabriella Hearst, Jai Al, “ Ralph Lauren, David Lauren, Ralph, America —, Glasses, I’m, Ralph Lauren Glasses, Piki Wadsworth, Ralph Lauren flagships, Osage multihyphenate, , Daryn, “ Ryan, Ralph Lauren's, Ralph Lauren That’s, Phillip Bread, Mato Mayuhi, Tyler Organizations: CNN, New, Futures, Morehouse, Spelman Colleges Locations: Rock Point , Arizona, Navajo, New York City, Oxford, America, concho, Saltillo, White, Phoenix, lensed
The deal is smaller than the mergers that reshaped the airline industry more than a decade ago. But the Justice Department is already fighting another smallish deal — JetBlue's proposal to buy Spirit Airlines. This deal will provide another test for the Biden administration’s resolve to preserve competition in various industries. PRO AND CON ARGUMENTSIn the JetBlue case, the Justice Department sued because it wants to preserve Spirit, the nation's biggest discount airline. Under President Joe Biden, the Justice Department seems to be showing some buyer's remorse that previous administrations didn't block some of those mergers.
Persons: Biden, Ben Minicucci, Henry Harteveldt, Joe Biden, Organizations: Alaska Air Group's, Hawaiian Airlines, Spirit Airlines, Alaska Airlines, Alaska Air Group, U.S ., JetBlue, Virgin America, JetBlue . Hawaiian Airlines, Alaska Air, U.S . Department of Transportation, American Airlines, Justice, Alaska -, U.S, Justice Department, Atmosphere Research, Delta Air Lines, United Airlines, Southwest Airlines, Transportation Department, Airlines, America — Locations: Alaska, Hawaiian, ALASKA, Seattle, West Coast, California, U.S, Asia, Hawaii, Cirium, United States
You probably throw a milk container in the recycling, put the bins out on collection day and forget about it. It is worth noting that the landfill-happy United States is far worse at recycling than other major economies. But just because recycling doesn’t work very well in the United States doesn’t mean it can’t be done well. Recycling steel, for example, saves 72 percent of the energy of producing new steel; it also cuts water use by 40 percent. Even anti-plastics campaigners agree that recycling plastics, like PET, is better for the climate than burning them — a likely outcome if recycling efforts were to be abandoned.
Organizations: Environmental Protection Agency, National Academies of Sciences, Engineering, Medicine, University of Southampton Locations: United States, Canada, Mexico, India, Malaysia, America, States, England
watch now'Last resort' 401(k) hardship withdrawals riseIn extreme circumstances, savers can take a hardship distribution without incurring a 10% early withdrawal fee if there is evidence the money is being used to cover a qualified hardship, such as medical expenses, loss due to natural disasters or to buy a primary residence or prevent eviction or foreclosure. The share of participants who tap such hardship withdrawals is on the rise, according to reports by Fidelity Investments and Bank of America — largely to avoid a foreclosure or eviction or to cover medical expenses, Fidelity found. Bank of America's recent participant pulse report showed that the number of 401(k) plan participants taking hardship withdrawals was up 13% from the second quarter and 27% compared to the first quarter of the year — with the average withdrawal amount just over $5,000. Still, hardship withdrawals should be "your choice of last resort," cautioned Joe Buhrmann, senior financial planning consultant at eMoney Advisor. "'Leakage' from plan accounts through 401(k) loans and withdrawals can have outsized effects on retirement readiness," said Sharon Carson, retirement strategist at J.P. Morgan Asset Management.
Persons: Mike Shamrell, Joe Buhrmann, you'll, Sharon Carson Organizations: Fidelity Investments, Bank of America, Fidelity, Bank of, Morgan Asset Management
Analysts generally say that for consumers in China today, daily essentials, rather than discretionary goods, are in. Top picks Both are on Jefferies' top picks list for the China consumer in 2024. In addition to being a staple at business dinners in China, Moutai has tried to branch out with co-branding in chocolate, ice cream and coffee. But the company said it expected the Chinese market to "to return to mid single-digit growth" in coming periods. The firm analyzed 80 publicly-listed consumer companies with a majority of revenue from mainland China.
Persons: China haven't, Jefferies, they'd, Alibaba, Moutai, Gamble, It's, North America —, Andy, McKinsey's Daniel Zipser, — CNBC's Michael Bloom Organizations: OC, C, Nestle, PepsiCo, Procter, Foods, China, Pacific Sun Advisors, McKinsey Locations: China, Shanghai, Hong Kong, U.S, Wednesday's, Shenzhen, Friday's, China —, North America, Asia
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