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If you're weighing a year-end Roth individual retirement account conversion, waiting too long could be risky, financial experts say. Roth conversions move pretax or nondeductible IRA funds to a Roth IRA, which can start tax-free growth. The strategy has become more popular, with a 46% year-over-year increase during the second quarter of 2024, according to Fidelity. Some investors want to pay Roth conversion taxes now while there are lower tax brackets because the current rates are scheduled to sunset after 2025 without action from Congress. However, it's difficult to predict future tax law changes with uncertain control of the White House, the Senate and the House of Representatives.
Persons: Roth Organizations: Roth IRA, Fidelity, Finance, White, Senate
Instead of going with 529 plans, we went with UTMA custodial accounts instead; here's why. Here's why we decided UTMA accounts were best for our family situation. UTMA accounts are flexibleWhile 529 plans must be used for education-related expenses, the options for UTMAs are much broader. Like 529 plans, UTMA account contributions are post-tax, meaning that income taxes have already been paid on the money being deposited. AdvertisementWe realize 529 plans would give us more direct control over our children's spending, but sooner or later, they're going to have to grow up.
Persons: , Andy Esser, Edward Jones, Esser, that's, haven't, We're Organizations: Service, Business
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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Salesforce co-CEO Bret Taylor on his new startup's funding round and $4.5 billion valuationBret Taylor, OpenAI board chair and co-founder of Sierra, joins CNBC's 'The Exchange' to discuss the company's quadrupled valuation, how AI models can remain relevant without licensing content from media, and more.
Persons: Bret Taylor
“He used to always say: ‘Never use the word Nazi. Don’t use that word,’” Trump said. ‘He’s Hitler.’ And then they say, ‘He’s a Nazi.’”“I’m not a Nazi,” Trump said. “I’m the opposite of a Nazi.”Trump also responded to Harris calling him a fascist by saying, “She’s a fascist, OK? “They decided to compare us to literal Nazis for gathering in Madison Square Garden and celebrating the United States of America.
Persons: Donald Trump, Kamala Harris, Kamala, ” Trump, Harris pounced, Trump, Adolf Hitler’s Nazi, John Kelly, Harris, , Kelly’s, Hitler, ‘ He’s Hitler, , He’s, , “ She’s, Mike Johnson, Mitch McConnell, ” Harris, “ Donald Trump, Tim Walz, ” Walz, Trump’s, Ohio Sen, JD Vance, ” Vance, Vance, CNN’s Kit Maher, Aaron Pellish, Nikki Carvajal, Michael Williams, Kate Sullivan Organizations: CNN, Monday, Nazi, Madison, Trump, Democratic, New York Times, Republican, Garden, Minnesota Gov Locations: Georgia, Madison, Puerto Rico, Pennsylvania, New York City, United States of America, Wisconsin, Normandy, Nazi Germany
There's still time to lower your taxes or boost your refund for 2024, financial experts say. Typically, there's a refund when you overpay taxes during the year via withholdings or estimated payments. Ask yourself 3 questions to tell if you're readyWhen filing taxes, you take the standard deduction or total itemized tax breaks, whichever is larger. "It's tough to get over the standard deduction, especially if you're married," Rosen said. For 2024, the standard deduction is $29,200 for married couples filing jointly and $14,600 for single filers.
Persons: There's, Tricia Rosen, Donald Trump, Rosen Organizations: Finance Locations: withholdings, Newburyport , Massachusetts
Bret Taylor, co-CEO of Salesforce, speaks at the Viva Technology Conference in Paris on June 15, 2022. Artificial intelligence startup Sierra, co-founded by ex-Salesforce co-CEO Bret Taylor, is more than quadrupling its valuation to $4.5 billion in a fresh funding round. The San Francisco-based company, which was valued at $1 billion in January, raised $175 million in a funding round led by Greenoaks Capital. Sierra is focused on helping enterprises like home security company ADT , Sonos , Weight Watchers and Casper personalize and implement AI agents for customer service. Taylor describes Sierra as "conversational AI," and bristles at the word "chatbot," even banning the phrase in the company's downtown San Francisco office.
Persons: Bret Taylor, Sierra, Taylor, Marc Benioff, Elon Musk, Clay Bavor, Casper personalize, Bavor, ICONIQ, Josh Kushner’s Organizations: Salesforce, Viva Technology Conference, Greenoaks Capital, Twitter, Elon, Google, Sierra, Google Labs, CNBC Locations: Paris, San Francisco
In an interview earlier this year, he ruled out the possibility of ordaining women deacons, who can carry out functions like a priest apart from saying Mass and hearing confessions. Furthermore, Catholic teaching bars women from ordination to the priesthood, a decision that Francis has maintained, although he has allowed studies of female deacons. During previous papacies the question of ordaining women was not even up for discussion. Pope Francis attends the second session of the 16th General Assembly of the Synod at the Vatican on Saturday. “There is resistance because there is still fear of this co-responsibility in the Catholic Church.
Persons: Pope Francis, Phyllis Zagano, , ” Francis, Francis, , Gregorio Borgia, Julia Oseka, “ There’s, Oseka, Francis ’, ” Helena Jeppesen, ” Kate McElwee Organizations: CNN, Hofstra University, Belgian Catholic, General Assembly, St Joseph’s University, Catholic Church, Catholic Locations: New York, Church, East, Philadelphia , Pennsylvania, Switzerland
Elon Musk recently said Tesla's Roadster takes a back seat to more pressing projects. Nearly seven years after first unveiling the new Roadster, its release date remains a mystery. During Tesla's third-quarter earnings call, Elon Musk thanked the "long-suffering deposit holders," many of whom paid $50,000 in 2017 to reserve the much-delayed electric sports car. Related storiesMusk first announced the new Tesla Roadster in November 2017 and said it would be "the fastest production car ever made, period." The interior design of the Tesla Roadster was shown off in November 2017.
Persons: Tesla's, Elon Musk, , Tesla, Musk, weren't, Kate Leaman, Leaman, it's, Jacob Bourne, Bourne, Dan Ives, Don Lemon, Peter Thiel Organizations: Analysts, Service, Wall Street, Business, Tesla, Base Roadster, SpaceX
The stepped-up push by some of the world’s most influential Big Tech leaders to speak with the former president ahead of Election Day comes amid an exceptionally tight race between Trump and Vice President Kamala Harris. And it’s the latest sign of the greater business community seeking to rekindle a relationship with the former president in anticipation of a potential second term. I don’t want to have him, his administration, going after us,’” a person close to Trump told CNN. “If you look at Google lately, I think you’re going to see they’ve become much more inclined towards Trump,” the former president told conservative radio host Hugh Hewitt. “Let me tell you: All of those companies will be set free, if you have the right president,” Trump said.
Persons: Donald Trump, Tim Cook chatted, Trump, Sundar Pichai, , ” Trump, Joe Rogan’s, Andy Jassy, Mark Zuckerberg, Kamala Harris, Elon Musk, Musk, , Evan Vucci, Jassy, Jeff Bezos, Michael M, Zuckerberg, he’s, Joe Biden’s, , Hugh Hewitt, “ They’re, Cook, ” CNN’s Clare Duffy, Kate Sullivan Organizations: CNN —, Trump, Apple, Las, Google, Republican, Amazon, CNN, Meta, Big Tech, Mar, Department of Justice, Silicon, Washington Post, Getty, Associated Press, titans, Facebook, Biden’s Department of Justice, Economic, of Chicago, European Union Locations: Europe, Las Vegas, Pennsylvania, Butler , Pennsylvania, New York City, Austin , Texas, Menlo Park , California, Harris
Vice President Kamala Harris is expected to meet with healthcare providers ahead of her Kalamazoo, Michigan rally, her campaign said Saturday. She became the first sitting US president or vice president is to visit an abortion provider when she traveled to a Planned Parenthood in March of this year, before she became the party’s 2024 presidential nominee. The vice president will be joined by former first lady Michelle Obama at her Kalamazoo, Michigan rally, where both are expected to speak at around 5 p.m. Garlin Gilchrist and Sen. Gary Peters are both expected to appear at the rally, per the campaign. The battleground state of Michigan voted to codify abortion access in its constitution in 2022, in an election that also yielded major Democratic wins across the state.
Persons: Kamala Harris, Harris ’, Donald Trump, ” Harris, Michelle Obama, Garlin Gilchrist, Sen, Gary Peters Organizations: Houston, Trump, Gov, Democratic Locations: Kalamazoo, Michigan, Portage , Michigan, Texas, Houston, Pennsylvania, Nevada, New York, California
Novi, Michigan CNN —Former President Donald Trump on Saturday invited several Muslim leaders onstage with him at a campaign rally in Michigan as he courts Arab American and Muslim voters disillusioned or angry over US policy on Israel and Gaza in the critical battleground state. Trump said in his speech that he had held a meeting earlier in the day with Muslim leaders. He was joined onstage by what his campaign described as “prominent leaders of Michigan’s Muslim community,” including Imam Belal Alzuhairi, who described Trump as the “peace” candidate. “We, as Muslims, stand with President Trump because he promises peace – he promises peace, not war,” Alzuhairi said. And we must end the war and bring the hostages home,” Harris said, as the audience tried to drown out the demonstrator.
Persons: Donald Trump, ” Trump, Trump, Belal Alzuhairi, , ” Alzuhairi, Benjamin Netanyahu, Joe Biden, Kamala Harris, , Harris, Israel, Hugh Hewitt, , Biden, don’t, Democrats “, Alzayat, Liz Cheney, Dick Cheney, Cheneys, ” Harris, CNN’s Alison Main Organizations: Michigan CNN, Saturday, Arab, US, Trump, Israel, Democrats, CNN, Wyoming Locations: Novi, Michigan, Israel, Gaza, Detroit, Dearborn, East, Ukraine, Iraq, Syria, Iran, Libya, Somalia, Sudan, Yemen, Lebanon, Flint , Michigan, Kalamazoo , Michigan
Tesla stock has surged since the company reported earnings on Wednesday. AdvertisementTesla's stock price has been on a tear in the two days since the carmaker reported quarterly earnings that exceeded expectations. AvaTrade's chief market analyst, Kate Leaman, told BI that Tesla's earnings were a "surprise beat, which always gives the stock a push." Ahead of the earnings report, analysts had concerns about waning EV demand and the impact of Tesla's price cuts on its profitability. Dan Ives, a Tesla bull and an analyst at Wedbush Securities, called Tesla's earnings figures a "Goldilocks quarter."
Persons: Jacob Bourne, , Elon Musk, Tesla, Kate Leaman, Tom Narayan, Dan Ives, Emarketer's Bourne, Tesla's Cybercab, Bourne, Chowdhry, Donald Trump, Narayan, Musk Organizations: Wall Street, Service, Wall, Business, RBC Capital, Wedbush Securities, Global, Tesla Locations: Texas, California, Bay
CNN —Former President Donald Trump said on Joe Rogan’s podcast Friday that he would be open to eliminating income taxes, while pushing his sweeping tariff proposal and praising the economic policies of the late 19th century. While talking about tariffs, Trump was asked by Rogan, “Did you just float out the idea of getting rid of income taxes and replacing it with tariffs?”“Well, OK,” Trump said during the interview on “The Joe Rogan Experience.”Rogan asked, “Were you serious about that?”“Yeah, sure. Rogan’s reversal on hosting TrumpThe interview comes after years of Rogan saying he would not have the former president on his podcast and recent attacks from Trump himself. “It will be interesting to see how loudly Joe Rogan gets BOOED the next time he enters the UFC Ring??? In the past three years, “The Joe Rogan Experience” has consistently been the No.
Persons: Donald Trump, Joe Rogan’s, Trump, Rogan, , ” Trump, Joe Rogan, ” Rogan, McKinley —, “ I’m, I’ve, I’m, Lex, Robert F, Kennedy Jr, , ” “, Kamala Harris, Beyoncé, CNN’s Alayna, DJ Judd, Ali Main Organizations: CNN, Trump, Democratic Locations: America, Texas, Michigan
The former president is returning to his hometown on Sunday for a rally in one of New York City’s most iconic landmarks, Madison Square Garden. Harris and Trump have made clear the issues they’re highlighting in the campaign’s last days. That argument illustrates what a Harris administration would look like compared with the threat Harris says Trump poses, the official said. The vice president continued that celebrity-fueled push Friday night in Texas – a rare visit to a state that is not a presidential battleground. The Madison Square Garden rally will be one of the most-covered moments of the race – with media coverage reaching into all seven swing states.
Persons: Donald Trump, Kamala Harris, Harris, Trump, Roe, Wade, She’s, Trump’s, ” Trump, , , Harris ’, Tim Walz, “ She’s, He’s, ” Walz, Georgia –, Barack Obama, Harris detoured, Willie Nelson, ” Harris, Michelle Obama, It’s, Ronald Reagan, “ Kamala, she’s, Ohio Sen, JD Vance, They’re, ” Vance, , ” CNN’s Priscilla Alvarez, Kit Maher, Aaron Pellish, Terence Burlij, Kate Sullivan, Kevin Liptak, Samantha Waldenberg Organizations: CNN, White, Capitol, CNN’s, Madison, Garden, Minnesota Gov, Sun, Houston, Lone Star State, Trump, New York City, Republican, GOP, New York, Fox News Radio, State, Democratic, The New York Times, Siena College, Oakland County GOP Locations: New York, Madison, , America, Las Vegas, , North Carolina, Georgia, Texas, Michigan , Pennsylvania, Wisconsin, Arizona , Georgia, Nevada, Michigan, Madison Square, New, Austin , Texas, Austin, Oakland County, Detroit
As Elon Musk continues to aggressively share conspiracy theories and misinformation about elections on X, election officials are fighting back. In three instances in the last month, Musk's posts highlighting election misinformation have been viewed over 200 times more than fact-checking posts correcting those claims that have been published on X by government officials or accounts. False claims he has posted this month routinely receive tens of millions of views, by X’s metrics, while rebuttals from election officials usually receive only tens or hundreds of thousands. “He is at least implicitly telling people: don’t trust the people that are running elections, trust me, trust x.com, trust Donald Trump. “You’re constantly building up a kind of armor against rationality, against fact-finding, and against the idea that election officials and responsible media can even be credible,” he said.
Persons: Elon Musk, they’re, Barb Bynum, ” Bynum, Donald Trump’s, Biden, Musk, Bynum, Musk’s, , Jocelyn Benson, Benson, Bonnie Cash, Kate Conger, Ryan Mac, Seth Bluestein, Bluestein’s, ” Bluestein, Donald Trump, Hitler, , Kamala Harris, Eddie Perez, ” Perez, “ You’re Organizations: Corrections, NBC News, Michigan, Bynum ., Twitter, New York Times, Republican, Trump —, Atlantic, Henrico, OSET Institute Locations: Musk’s, Michigan, U.S, Bynum . Michigan, Washington ,, Philadelphia, Republican Philadelphia, Pennsylvania, Henrico County , Virginia, Virginia
A judge has granted a preliminary injunction to halt the merger between Tapestry and Capri Holdings. Following the ruling, on Thursday, Capri's stock plunged 45% in after-hours trading. AdvertisementVersace's parent company, Capri Holdings, suffered a steep loss in after-hours trading on Thursday after a federal judge blocked its proposed merger with Tapestry, the parent of fashion brands Kate Spade and Coach. Following the court order, Capri's stock was down 45% in after-hours trading on Thursday. AdvertisementRepresentatives of the FTC, Capri Holdings, and Tapestry didn't respond to a request for comment from Business Insider sent outside business hours.
Persons: Versace, , Kate Spade, Jennifer Rochon, Rochon, Capri, Capri's Versace, Jimmy Choo, Michael Kors, Stuart Weitzman, Henry Liu Organizations: Capri Holdings, Service, of, Federal Trade, FTC, Appeals, Capri, Tapestry's, Competition, New York Times, Business Insider Locations: Southern, of New York, agency's
Kate Bush is ‘very keen’ to make a new album
  + stars: | 2024-10-25 | by ( Lianne Kolirin | ) edition.cnn.com   time to read: +2 min
CNN —Kate Bush has said that she is “very keen” to start working on a new album, in a revelation that’ll be met with huge excitement by her legions of fans. The news came as part of an interview that Bush gave about a short film she’s written and directed to benefit the charity War Child, which supports children affected by conflict. The four-minute black and white film, called “Little Shrew,” is set to a song called “Snowflake,” which Bush first wrote for her son. Although Bush gave very little away, she said she expected that any new output would be “different” from her previous work. He said in the interview: “Kate Bush is the only person who can get Kate Bush back on stage.
Persons: Kate Bush, that’ll, Bush, I’ve, “ I’ve, ” Bush, , , it’s, Pink Floyd, David Gilmour, “ Kate Bush, Gilmour Organizations: CNN, Netflix, Guinness, World Records, Guardian, Hammersmith Apollo Locations: British,
The taxable income formula subtracts the greater of the standard or itemized deductions from your adjusted gross income. Here's what investors need to know about planning around the 0% capital gains bracket, according to financial experts. Weigh 'tax gain harvesting'If you're sitting on profitable investments, the 0% capital gains bracket could offer a chance for "tax gain harvesting," said certified financial planner Ashton Lawrence, a director at Mariner Wealth Advisors in Greenville, South Carolina. Here's how it works: Investors in the 0% capital gains bracket can strategically sell profitable brokerage account assets without triggering capital gains taxes. Opt for tax-free rebalancingYou can also leverage the 0% capital gains bracket to rebalance brokerage account assets without triggering a tax bill, experts say.
Persons: dowell, Ashton Lawrence, Lawrence, George Gagliardi Organizations: Mariner Wealth Advisors, Coromandel Wealth Management Locations: Greenville , South Carolina, Lexington , Massachusetts
CNN —Former Secretary of State Hillary Clinton said Thursday that former President Donald Trump is now “more unhinged, more unstable” and more dangerous than when she faced him in the 2016 presidential election. “I think that she’s running her campaign based on a lot of the lessons that we have learned over the last eight years. First and foremost, how incredibly dangerous Donald Trump is. That wasn’t maybe as clear as it should have been back in 2016. “Well, first of all, I don’t think she has Jim Comey in the wings waiting to kneecap her.
Persons: Hillary Clinton, Donald Trump, , CNN’s Kaitlan Collins, ” Clinton, , Kamala Harris ’, Trump, Obama, Harris doesn’t, Trump’s, John Kelly, ” Kelly, , Adolf Hitler’s, Hitler, it’s, Harris, Clinton, Kelly, Clinton dryly, James Comey, Jim Comey, CNN’s Kate Sullivan, Eric Bradner Organizations: CNN, Democratic, New York Times, , Justice Department
An encampment of unhoused people in downtown New Orleans was forcibly relocated by the order of Louisiana Gov. Jeff Landry ahead of this weekend's Taylor Swift concerts, disrupting monthslong housing efforts with less than a week's notice. "It's not like Taylor Swift all of a sudden decided to come to New Orleans," Harris said. We, as a city, knew that Taylor Swift was coming, but there wasn't a conversation had other than last Friday." "So this is working, what we're doing is working," Harris said.
Persons: Jeff Landry, Taylor Swift, Lesli Harris, Swift, Harris, rumblings, Landry, Kate Kelly, ” Kelly, Burger, Joseph Neiswander, Helena Moreno, WDSU, Nathaniel Fields, Nola.com, Taylor Organizations: Louisiana Gov, Caesars Superdome, NBC News, New, Louisiana State Police’s, Louisiana State Police, State, Good, Burger King Locations: New Orleans, Louisiana, Orleans, Nola.com
A federal judge blocked Tapestry's acquisition of Capri on Thursday following a brief trial last month in New York. Representatives for Tapestry and Capri didn't immediately return requests for comment. The decision will ensure that Tapestry and Capri continue to engage in head-to-head competition to the benefit of the American public." The decision comes as consumers balk at high prices for food, apparel and other goods after years of elevated inflation. Lawyers for Tapestry and Capri argued the companies are not each other's main competitors.
Persons: Jennifer Rochon, Kate Spade, Stuart Weitzman, Capri's Versace, Jimmy Choo, Michael Kors, Capri's, didn't, Henry Liu, Biden, Kamala Harris, Lina Khan, Capri, , Melissa Repko Organizations: Federal, Tapestry, Federal Trade Commission, FTC, Competition, Democratic Locations: Capri, New York, FTC's
A sign is posted in front of a Taco Bell restaurant in Richmond, California, on May 1, 2024. Yum Brands has pulled onions from some Taco Bell, KFC and Pizza Hut locations following an E. coli outbreak tied to McDonald's. "As we continue to monitor the recently reported E. coli outbreak, and out of an abundance of caution, we have proactively removed fresh onions from select Taco Bell, Pizza Hut and KFC restaurants," a Yum Brands spokesperson said in a statement to CNBC. U.S. Foods does not distribute onions for McDonald's restaurants, and the burger chain has not publicly named Taylor Farms as a supplier. In response to the outbreak, McDonald's has pulled Quarter Pounders from roughly a fifth of its U.S. restaurants.
Persons: Yum, Taylor, McDonald's, CNBC's Kate Rogers Organizations: Taco Bell, Yum Brands, KFC, CNBC, Foods, Taylor, ., Disease Control Locations: Richmond , California, Taco, Colorado , Nebraska, Wyoming
It’s so easy,” Trump said when asked by conservative radio host Hugh Hewitt whether he would “pardon yourself” or “fire Jack Smith.”“I would fire him within two seconds,” Trump said. But Trump has suggested on multiple occasions he would weaponize the justice system against his political rivals if reelected. Trump, who frequently rails against Smith on the campaign trail, told Breitbart last July that he “wouldn’t keep” the special counsel if he were reelected. “I wouldn’t keep him,” Trump said when asked if he would fire Smith. Why would I keep him?”Trump has routinely on the campaign trail suggested he would weaponize the justice system to go after his political opponents if reelected.
Persons: Donald Trump, Jack Smith’s, he’s, , ” Trump, Hugh Hewitt, Jack Smith, ” “, Smith, General Merrick Garland, Trump, slimmed, Trump’s, Hewitt, Breitbart, “ Jack Smith, Joe Biden, Adam Schiff, Nancy Pelosi “, Kamala Harris, Organizations: CNN, Trump, Trump . Trump, Department of Justice, Democratic Locations: United States, New York,
Mike Tindall says marrying into the royal family was pretty smooth. Tindall, a former rugby player, married Zara Tindall, who is not a working royal. AdvertisementPrincess Anne's son-in-law, Mike Tindall, said marrying into the royal family was an "easy" experience for him. Tindall is a former professional rugby player and husband to Zara Tindall, King Charles' niece. AdvertisementPrince Harry pictured with Zara Tindall and Mike Tindall in 2014.
Persons: Mike Tindall, Zara Tindall, , Anne's, Tindall, King Charles, Kate Middleton, Meghan Markle, Princess, Wales, Duchess, Sussex —, Kristen Meinzer, Danny Martindale, Meinzer, aren't, they're, Mike, James Haskel, Alex Payne, Prince Harry, Harry, Chris Jackson, Sovereign Grant, Zara, Marlene Koenig, Koenig, Kate, Meghan, Richard Fitzwilliams, Meghan's, Prince William, Prince George, Oprah Winfrey, Sussex, Buckingham Organizations: Service, Rugby, The Telegraph, Sovereign, Sovereign Grant, London, Pueris, Amazon Prime Locations: Domino's, Buckingham
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