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☆ Insider Today: Bernie talks Elon, RFK Jr.
▼ + stars: | 2024-12-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

You can sign up for Business Insider's daily newsletter here. Business Insider's Mia de Graaf recently got the chance to sit down with Sen. Bernie Sanders to discuss the incoming administration. Adobe's data showed $10.8 billion in Black Friday e-commerce sales, while Cyber Monday hit $13.3 billion, new records for both days. Khosla Ventures; Salesforce Ventures; Menlo Ventures; 500 Global; Business InsiderBI asked readers and top venture capitalists to name the promising young VCs in their networks. This year's investors come from a wide array of backgrounds and a range of different roles.

Persons: Mia de Graaf, Sen, Bernie Sanders, Elon Musk, Robert F, Kennedy Jr, Jenny Chang, Rodriguez, That's, Jon Chu, Caroline Fiegel, Deedy Das, Iris Sun, Shrestha, BI Brothers Roy, Ryan Seiders, iStock, Rebecca Zisser, boomers, they're, — Mark Andrews Organizations: Business, Adobe, Khosla Ventures, Salesforce Ventures, Menlo Ventures, BI Brothers, Homeowners, that's

☆ Gen Xers are stumbling in saving for retirement as they face caring for both kids and parents
▼ + stars: | 2024-12-08 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Many Gen Xers are caring for both their children and parents, and it's hurting retirement savings. 56% of Gen X investors were financially supporting either their parents or their kids, Nationwide found. The financial burden of supporting two groups has some Gen Xers doubting if they'll retire at all. The sandwiched generationBy some measures, Gen Xers are even more ill-prepared for retirement than baby boomers. "And so there's a large swath of Gen Xers who may be in a bit of a lurch."

Persons: they'll, Steve Mullen, Xers, —, X, Caregiving, Gen Xers, Carewell, Julie, Joe Wadford, Satayan Mahajan, Mahajan, Brandon Goldstein, they're, Goldstein Organizations: Nationwide, AARP, National Alliance, Prudential Financial, Bank of America, Gen, Social, Congressional, Office, Prudential, Pew Locations: caregiving, Ohio

☆ My Gen Alpha sister gave me her Christmas list. Here's what surprised me the most.
▼ + stars: | 2024-12-08 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

My Gen Alpha sister sent me her Christmas list, and some of the items surprised me. Her wish list is a snapshot of what teens at her Texas high school are coveting this holiday season. Nike, Apple, and Lululemon remain popular among teens, according to her list and a recent survey. AdvertisementEvery holiday season, my family expects to receive an extensive Christmas list from my 14-year-old sister — in true youngest-sibling fashion. Here's what else my sister said she and her Gen Alpha friends are coveting this holiday season.

Persons: Alpha, Z, —, Stanley, Lululemon —, Piper Sandler, Lululemon, It's, Stanley tumbler, That's, Siri, Max, she's, Nike Dunks, Jim Duffy, Dunks Organizations: Nike, Apple, Dior, Apple Intelligence, Nike Jordan, Stifel Locations: Texas

Orcas debuted a hot new accessory, a famous musician backed Trump’s use of his song, and a Gen Alpha-inspired term was picked as the word of the year. Test your knowledge of the week in news, and take last week’s quiz here.

Persons: Orcas Organizations: Alpha

☆ Meet America's real Golden Girls: Some unmarried older women without kids at home are doing great
▼ + stars: | 2024-12-07 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +8 min

Unmarried women in the US without kids at home have a median wealth surpassing unmarried men. In 2022, unmarried women without kids had a median household wealth of $87,200, while unmarried men had a typical net worth of $82,100. Big nest eggs, empty nestsSo why are unmarried women without kids doing better than their unmarried male counterparts? Older single women were more likely to own their homes and have fewer debts than younger single women, Fry said. Older single women had around $90,000 in their retirement accounts, compared to $125,000 for older single men.

Persons: Ruth Schick, She's, retracing Lewis, Ruth Schick Schick, aren't, Richard Fry, boomers, Xers, Fry, That's, Patricia Wahlen, Wahlen, he'd, I've, —, Schick, she's Organizations: Pew Research Center, Pew, Girls, Security, BI, Road Scholars Locations: Clark's, Antarctica, Scotland, Turkey, Wahlen

☆ 3 reasons buying a home could get easier in 2025 — unless you're a first-time buyer
▼ + stars: | 2024-12-07 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

The red-hot US housing market could cool off slightly in 2025, making it easier to buy a home. There's both some good and bad news on the horizon for homebuyers, according to housing market experts. Another impediment to homeownership has been high mortgage rates, which have more than doubled in the last few years. And rates could come down further in 2025, according to housing market experts. AdvertisementIndeed, first-time homebuyers are having unprecedented difficulty in the housing market.

Persons: it's, homebuyers, Homeownership, it'll, Daryl Fairweather, Chen Zhao, Goldman Sachs, Jeffery Roach, Redfin, Fairweather, Zhao, haven't, Elijah de la, Gen, Edward Yardeni, they've, Gen Zers Organizations: Republican, LPL, National Association of Realtors —, Yardeni Research

☆ Insider Today: 'Brotox' on the rise
▼ + stars: | 2024-12-07 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +5 min

On the agenda:AdvertisementBut first: How to win your company holiday party. We've all heard the same advice around this time of year when company holiday party invitations abound. When you arrive at your company's holiday party — and when you leave, for that matter — is just as important as the other oft-told advice you've probably heard. White-collar men's beauty secretsJuanjo Gasull for BIMen in corporate America want to look good at work — and they're spending thousands of dollars to do so. More of this week's top reads:AdvertisementThe Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York City.

Persons: Gordon Ramsay's, Iuliia, We've, you've, Diane Gottsman, Alyshia Hull, Gottsman, Juanjo, Natalie Ammari, Don Saladinol, Tyler Le, Don Saladino, Ryan Reynolds, Blake Lively, Anne Hathaway, Saladino, Emily Hart, Kimbal Musk, Musk, Hugo Matheson, Tim Burton, Keira Knightley, James McAvoy, Scoot, Rebecca Zisser, Dan DeFrancesco, Grace Lett, Lisa Ryan, Amanda Yen Organizations: Business, BI Men, The, Warner Bros Locations: Atlantic City , New Jersey, America, York, New York, Boulder , Colorado, Chicago, Denver, Austin , Texas, Boulder, New York City

☆ Jim Cramer will 'stay on the sidelines' for now when it comes to alcohol stocks
▼ + stars: | 2024-12-06 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday revisited alcohol stocks, a sector he's been largely negative on throughout the year. While he said he's willing to consider that investors may have been too pessimistic about the industry, he's not ready to lend his full support to many of these companies. "I'm too concerned about the long-term challenges to pound the table on any of these names, especially Brown-Forman or Diageo," he said. According to Cramer, alcohol companies face a number secular challenges, such as changing trends in consumer behavior. Cramer also pointed out that several analysts upgraded a number of alcohol stocks, including Diageo — which owns liquor names like Ketel One and Smirnoff — as well as beer makers Molson Coors and Constellation Brands .

Persons: CNBC's Jim Cramer, he's, I'm, Brown, Forman, Cramer, Gen, Donald Trump, Jack Daniels, Smirnoff, Brown Forman Organizations: Diageo, Diageo —, Molson Coors, Constellation Brands

☆ I shopped for holiday decor at Five Below and Dollar Tree. Both impressed me, but only one is catering to Gen Z.
▼ + stars: | 2024-12-06 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +1 min

AdvertisementI shopped at Five Below and Dollar Tree for holiday decorations. Dollar Tree's items are more traditional, while Five Below's decor is for younger shoppers. Five Below and Dollar Tree are both discount stores with locations across the country, and both are experiencing rapid growth. At Dollar Tree, most things cost around $1.25, with some exceptions. I decided to pit these two discount giants against each other for the holiday season by comparing their offerings for holiday decorations.

☆ Mark Cuban says that if it weren't for his teens, he wouldn't know what 'skibidi' means
▼ + stars: | 2024-12-06 | by ( Erin Liam | ) www.businessinsider.com time to read: +3 min

Social media may feel like unchartered territory to some parents — but Mark Cuban is leaning in. Social media is an integral part of their lives, he added. Referring to himself as a "tech guy," Cuban said he tries to understand how social media algorithms influence his kids' lives. Cuban is not alone in using social media as a tool of connection. They watch social media content together and have discussions about them.

Persons: Mark Cuban, —, Cuban Organizations: Cuban

☆ How hustle icon Gary Vee found his inner Ted Lasso
▼ + stars: | 2024-12-06 | by ( Lucia Moses | ) www.businessinsider.com time to read: +11 min

AdvertisementVaynerchuk, also known as Gary Vee, has built a legion of fans, many of whom are young men, by evangelizing hard work. His schtick lands with a generation that's grown up with — and is now exhausted by — social media, which encourages constant comparisons with others. Advertisement"In the beginning, it was, 'That's dumb, that's dumb,'" Jon Halvorson, SVP of Mondelez and a longtime client, said of Vaynerchuk's rhetoric. CMOs no longer have to be convinced to embrace social media, and many have even bypassed agencies like VaynerX altogether to take that work in-house. Naysayers say his personal brand is still bigger than his company; Vaynerchuk has 22 times as many followers on X as VaynerMedia.

Persons: Gary Vaynerchuk, Vaynerchuk, Gary Vee, He's, VeeCon, Scott Galloway, Joe Rogan, Chelsea Guglielmino, Jon Halvorson, Ted Lasso, Mona Vand, Cassidy Sparrow, Meta's Ray, we'll, let's, Let's, Tubi, Gen, Lauren Graham, Gilmore, Wines, VeeFriends, Brian Morrissey, Sandeep Seth, Raymond Hall, he's, Halvorson, David Ogilvy, Leo Burnett, Andrew Essex, Droga5 who's, Gary, Naysayers, Dave Kotinsky, JC Penney's, he'd Organizations: Constellation Brands, Business, Chelsea, Mondelez, Fox, New, CMO, Forbes, TCS, New York Jets, Apple, Tribeca Locations: blockchain, Los Angeles, New York, Singapore, Meta, VaynerX, VaynerMedia

Another year, another sales record: Retailers again saw purchases hit new heights over Thanksgiving weekend, even as shoppers remain cautious about where and when to spend. In-store and digital retail sales tracked by MasterCard rose 3.4% on Black Friday since last year, with e-commerce purchases surging 14.6%. In fact, online prices were 3% lower during the Thanksgiving sales period than last year, he said. That indicates many consumers are shelling out beyond what it takes just to keep up with price increases. Black Friday is all about deals, but consumers have been more receptive to deals all year.

Persons: ”, Neil Saunders, ” Saunders, Adam Gray, there’s, Vivek Pandya, “, Pandya, Jessica Moulton, GlobalData, Hayley Berg, Hopper Organizations: Adobe Analytics, MasterCard, Getty, Adobe Digital, National Retail Federation, McKinsey, CNBC Locations: AFP, U.S

☆ I'm a millennial, and my best friend at work is a baby boomer. Despite our age gap, we learned a lot from each other.
▼ + stars: | 2024-12-05 | by ( Kate Oczypok | ) www.businessinsider.com time to read: +4 min

AdvertisementI'm a millennial who became close friends with a baby boomer at work. We met unconventionally over Zoom and have only seen each other in person twice — a friendship for the modern age, perhaps? But we found common ground at the small business where we were coworkers despite our age gap. As mentioned, I'm a piano teacher and have taught close to 75 children and adults over the last 10 years. Related storiesOur age gap didn't define usDespite being a baby boomer, I often admired Chris's diligence in ensuring he understood how to work with newer technology.

Persons: Melissa Hobley, Chris, I'm, Charlotte, Brad Locations: Northern Virginia, Pittsburgh, Maryland, Virginia

☆ Baby boomers were hit hardest by inflation last year. Here's what they buy compared to younger Americans.
▼ + stars: | 2024-12-05 | by ( Juliana Kaplan | Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

AdvertisementBaby boomers were hit the hardest by inflation in 2023, driven by rising healthcare costs. Healthcare costs outpaced overall inflation, and they make up a greater share of boomers' budgets compared to younger Americans. The analysis found that mounting healthcare costs, which have outpaced broader inflation, particularly weighed on baby boomers, who are aged 60 to 78. Simultaneously, older Americans did not spend as much on things like gas, where costs deflated. Over 2,000 older Americans told BI their biggest regrets over the last few months in a voluntary, informal survey.

Persons: Gen X, Wells, boomers, Gen, Gallup, they're, they've Organizations: Bureau of Labor Statistics, BLS, BI, Social Security Locations: Wells Fargo

☆ 2025 could be the year of 'revenge quitting' — here's how bosses should prepare
▼ + stars: | 2024-12-05 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +5 min

With a job market heating up and employee resentment boiling over, "revenge quitting" looks to be on the horizon for 2025. "Revenge quitting," she said, is where employees leave not just to move on "but to make a point." Revenge quitting is similar, with the added vengeance of moving on to something better. "Because if they're doing their job, they're going to be working on the individual team member engagement, retention, and motivation." For others, though, "revenge quitting" could impact them greatly.

Persons: Edel Holliday, Quinn, —, Holliday, Ciara Harrington, they're, They're, Beth Hood, Hood, Gen Zers, Harrington Organizations: Employees, Detachment, Citi

☆ Number of 401(k) ‘millionaires’ just jumped by 9.5%
▼ + stars: | 2024-12-05 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

CNN —A new analysis by Fidelity Investments, one of the largest providers of 401(k) retirement plans, found that the number of accounts with balances topping $1 million rose by 9.5% in the third quarter. The average balance in that group was $1.616 million, up from $1.595 million in the prior quarter. And the median — which represents the level below which half of the accounts had lower balances — was just $30,600. And it noted that 6,000 of the 26,000 401(k)s for which it serves as record keeper now have an auto-portability feature, which provides an automatic rollover service for those with small balances. Making it easier to move small 401(k) balances from one plan to another throughout your career can pay off in the long term.

Persons: Xers —, ”, Sharon Brovelli, haven’t Organizations: CNN, Fidelity Investments, Fidelity, IRA, of America, Vanguard

☆ Holiday shopping has more Americans getting comfortable with buy-now-pay-later
▼ + stars: | 2024-12-05 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +6 min

AdvertisementA growing share of US shoppers chose buy-now-pay-later options on Black Friday and Cyber Monday. Splitit's CEO told BI that his company's order volumes were up 62% in the week ending with Cyber Monday. Many buy-now-pay-later shoppers are likely to use the option again as they get used to the concept. Of the $131.5 billion in online spending tracked by the company during the period, $9.4 billion was spent using a BNPL option. AdvertisementSplitit's Sheth said more than a third of its users during Cyber Week had previously used the service at least one other time in the preceding year.

Persons: Splitit's, Nandan Sheth, Splitit, BNPL, Klarna, Afterpay, Adobe, It's, that's, Neil Saunders, Sheth, Chris Walton, Caila Schwartz, Splitit's Sheth, Global Data's Saunders, Zers, Salesforce's Schwartz, Dominick Organizations: Business, Data, Amazon, Walmart, Rite Aid, Staples, Apple, Google, Global, Trump Locations: Australia, Sweden

☆ War in Ukraine would be a tough test of Sweden's Gripen, a jet made for a fight with Russia it's never seen
▼ + stars: | 2024-12-05 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +7 min

AdvertisementA new NATO member has a jet that was designed for war with RussiaBut it has never been used against Russia. Giving Ukraine the jet would be a good test that would benefit it and NATO, warfare analysts said. Sweden's Gripen, a fighter jet built for a war with Russia, is considered a good fit for Ukraine, but the aircraft hasn't been tested the way it could be in this war. Designed at the end of the Cold War, the jet is operated by about half a dozen countries. AdvertisementWar experts have said the Gripen is the jet that is best suited for Ukraine in the long term.

Persons: Pål Jonson, it's, JAS, Petr Josek PJ, Tim Robinson, George Barros, Oleg V, Michael Bohnert, Robinson, Gordon, Skip, Davis, Barros, Bohnert, Efrem Lukatsky Robinson, Donald Trump, Peter Layton, Trump Organizations: NATO, Sweden's Gripen, American Patriots, Ukraine —, NATO Sweden, Gripen, Swedish Defense, Sukhoi, REUTERS, UK's Royal Aeronautical Society, Russia, Institute for, Saab Gripen, RAND Corporation, Saab, Ukraine Mirage, US Army, Defense Investment Division, Ukrainian Air Force, AP, Ukraine, Griffith Asia Institute, Royal Australian Air Force Locations: Russia, Ukraine, Stockholm, Prague, Czechia, Sweden, France, Libya, Europe

This article is part of the Opinion series At the Brink,about the threat of nuclear weapons in an unstable world. There are just two major pacts governing nuclear weapons in the cosmos, both of which predate Neil Armstrong’s first steps on the moon. Rescue Agreement 1970 Outer Space Treaty October 1967 Lays out the principles that governs outer space, the moon and other celestial bodies. Rescue Agreement 1970 Outer Space Treaty October 1967 Lays out the principles that governs outer space, the moon and other celestial bodies. Rescue Agreement Liability convention Today 1970 1980 1990 2000 2010 2020 Outer Space Treaty October 1967 Foundation of international space law that governs outer space, the moon and other celestial bodies.

Persons: Van Allen, haven’t, Neil Armstrong’s, Donald Trump, Trump, Elon Musk’s, Achilles ’, Silent Barker, landers, Michael R, Turner, Vladimir Putin, ”, It’s, Biden’s, it’s, Lyndon B, Johnson, Anatoly Dobrynin, Stephen N, Whiting, Antony Blinken, Biden, hasn’t, Musk Organizations: U.S, Space Command, Cosmos, Kremlin, Space Force, Elon, Elon Musk’s SpaceX, SpaceX, Pentagon, NASA, United, NASA U.S, Space Foundation, Soviet Union, Britain, United Nations Office, Outer Space Affairs, Prime, U.S . National Intelligence, K, Operations Center, Ohio Republican, House Intelligence Committee, Russian Embassy, United Nations, Soviet Union aznd, Johnson Presidential, YouTube, National Security Council Locations: Colorado Springs, Moscow, Russian, Kelso, CelesTrak, Russia, China, United States, Britain, Soviet Union, North Korea, Ukraine, U.S, States, Iran, Israel, Beijing, Soviet, Britain China Russia, Washington, what’s, Ohio, United Nations, Treaty, White, deconflict, India

The martial law order, South Korea’s first since 1980, was reversed so quickly that many South Koreans weren’t aware of it until they woke up on Wednesday. People her age who had experienced martial law under the military dictatorship rushed to convenience stores to buy canned food, she said. Biden, who hosted Yoon for a state visit to Washington last year, has worked to enhance military and other ties with South Korea as a deterrent against China and North Korea, establishing a new trilateral security partnership with South Korea and its historic rival Japan. Earlier this year, South Korea became the first country outside the U.S. to host Biden’s annual Summit for Democracy. As South Korea grapples with political instability, the U.S. “should remain a steadfast ally,” Easley said.

Persons: “ Aren’t, Jeong, Yoon Suk, Kim Hong, Yoon, Emily Jo, ”, Jo, Yoo Yong, Yoo, Han Dong, ” Han, Lee Jae, myung, Jung Yeon, Ulf Kristersson, Lloyd Austin, Biden, Pat Ryder, Philip Fong, Leif, Eric Easley, Easley, ” Easley, Stella Kim, Cho Beomsoo, Jennifer Jett Organizations: Lawmakers, ‘, People Power Party, NBC, National Assembly, Getty, Democratic Party, Gallup, Korea Times, Swedish, Defense, South, for Democracy, South Korea, Pentagon, Embassy, Ewha Womans University Locations: “, Seoul, AFP, Gallup Korea, North Korea, Korean, Washington, South Korea, China, Japan, U.S, Korea, Hong Kong

Antony Blinken, the U.S. secretary of state, welcomed Yoon’s order to rescind emergency martial law. Pentagon spokesperson Maj. Gen. Pat Ryder said the martial law order had “essentially no impact” on U.S. forces. The Ministry of National Defense also deployed between 200 and 300 armed troops to the National Assembly grounds via helicopter, Kim Min-gi, secretary-general of the National Assembly, said Wednesday. Throngs of protesters also arrived at the building in opposition to the martial law declaration. The martial law order was lifted around 4:30 a.m. Wednesday local time (2:30 p.m. Tuesday ET).

Persons: Yoon Suk, Yoon, Kim Yong, Lee Sang, Cho Seung, rae, Park Ahn, Yoon Hee, Cho, Han Dong, “, ”, Luis Robayo, Han Duck, Antony Blinken, ” Blinken, ” Yoon, Pat Ryder, Kim Min, Throngs, Woo Won, sik, ” Woo, Kim, ” Stella Kim, Jennifer Jett Organizations: South Korea —, Democratic Party, Defense, ’, National Police, Yoon’s People Power Party, Group, Getty, South, Wednesday, CNBC, Democratic, North, National Assembly, Martial Law Command, Pentagon, Ministry of National Defense, Power Party, Assembly, Korea’s, Chiefs, Staff, of National Defense Locations: SEOUL, South Korea, Rio de Janeiro, Brazil, AFP, U.S, Seoul, North Korea, Hong Kong

☆ 'Dynamic pricing' was a top contender for word of the year. Here's why it got consumers so worked up in 2024
▼ + stars: | 2024-12-04 | by ( Jessica Dickler | ) www.cnbc.com time to read: +5 min

Also in an interview this fall, Robert Smith, the lead vocalist and guitarist for the Cure, said dynamic pricing is "driven by greed," calling the practice a "scam." However, with so many recent high-profile tours, "for sure, dynamic pricing has surged to the forefront of concert goers' attention," he said. Throughout the 21st century, revenue from recorded music has gone down while revenue from live music events has gone up. In 2011, Ticketmaster first introduced an early version of dynamic ticket pricing, which is now the standard for live music ticketing sales. "The live music industry is constantly leaving money on the table that fans would pay.

Persons: Taylor Swift, Gareth Cattermole, Jay Marciano, Robert Smith, Joe Bennett, Alan Krueger, Bennett, it's, Matt Schulz, LendingTree's, Schulz, Greg McBride Organizations: Istock, Ticketmaster, Oasis, North, Scottish Gas Murrayfield, Getty, AEG, Andrew Mall, Northeastern University —, Berklee College of Music, Bread Financial, Bankrate.com Locations: Edinburgh, Scotland, Wales, England, Statista, YOLO

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Roku, Salesforce, Marvell, Tesla, Amazon & more
▼ + stars: | 2024-12-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Wednesday's biggest calls on Wall Street: Bank of America reiterates Salesforce as buy The firm said Salesforce is still a top pick following earnings on Tuesday. Daiwa reiterates Nvidia as outperform The firm raised its price target on Nvidia to $160 per share from $125. Citi reiterates Marvell Technology as buy Citi raised its price target on the stock to $112 per share from $91. UBS initiates Gen Digital as buy UBS said the multinational software company has "double digit EPS growth" potential. "We are launching coverage on GEV with an OP rating and YE25 target price of $403.

Persons: Salesforce, Daiwa, Overachievement, KeyBanc, it's bullish, Trimble, Piper Sandler, Needham, Roku, Bernstein, Tesla, underperform Bernstein, Goldman Sachs, Goldman, Amazon, Jefferies, Wolfe, Evercore, Apple Organizations: Bank of America, Nvidia, Pinnacle, HSBC, Merck, Co, Fresenius, Novartis, JPMorgan, Piper, CTV, Citi, Marvell Technology, UBS, Gen Digital, GE Vernova, GE, Apple, JPMorgan downgrades, T Bank Locations: Arizona, Asia

☆ Generation Credit Card: Gen Z Racks up High Levels of Credit Card Debt
▼ + stars: | 2024-12-04 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +11 min

Danikowski and many other Gen Zers are rapidly building up credit-card debt. Alev told me Credit Karma data shows Gen Zers are acquiring debt at a faster rate than any other age group. While Gen Zers' overall debt levels are still lower than older generations', young consumers' early reliance on credit cards puts their financial futures at risk. Part of Gen Zers' interest in credit cards is simply the march of technological progress. Struggling to get by, William primarily used his credit card for necessities like groceries, bills, and car maintenance.

Persons: Timothy Danikowski, Danikowski, millennials, Zers, Alev, Courtney Alev, Gen Zers, they've, Karma, Gen Xers, Nico, He's, Emmaline, William, Erin Snodgrass Organizations: Credit, Young, American Express, Federal Reserve Bank of New, Business Locations: Seattle, millennials, Chicago, North Carolina, Colorado, Federal Reserve Bank of New York, Europe, New York

☆ Executives sucking up to Trump now have to factor in the ‘first buddy,’ Elon Musk
▼ + stars: | 2024-12-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

But that was a long time ago — all the way back in September — and a quite a lot has changed. What happened in the two-ish months between the Times’ story and today is pretty simple: Trump won reelection, obviously. Trump also welcomed his faithful “first buddy” Elon Musk into his inner circle, where Musk appears to be relishing his role as a kind of gatekeeper for executives hoping to snag an audience with the president-elect, per the Wall Street Journal. To be sure, plenty of companies are still committed to DEI programs, and not all executives are morphing into insufferable suck-ups. That could be the key to Meta’s future growth as it contends with TikTok and YouTube’s stranglehold on Gen Z.

Persons: Mark Zuckerberg, he’d, Zuck, ” “, “, Donald Trump, Clare Duffy, Trump, Zuckerberg, ” Elon Musk, Sam Altman, ”, Joe Biden’s, tweeting, ” Shaun Harper, Nathaniel Meyersohn, ” Zuckerberg, TikTok Organizations: New, New York CNN, The New York Times, Meta, Times, Street Journal, Walmart, Pride, University of Southern, Trump, CNBC, Facebook Locations: New York, Washington, —, University of Southern California

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