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Some parents fear their kids will waste money, sink into debt, and never move out. The financial planner tells parents to foster independence in their kids even if it's uncomfortable. AdvertisementMark Berg, who founded Timothy Financial Counsel in 2000, says there are steps parents can take to avoid that fate. AdvertisementLimiting spending money also teaches kids about opportunity cost, reinforcing the idea that money is scarce and there are constraints on what they can afford. The veteran financial planner suggested parents be up front with their kids about how much they can contribute to their college funds.

Persons: Mark Berg, —, Berg, they're, " Berg Organizations: Service

☆ I worked at Google and Meta: Here's the résumé that helped me land jobs at both companies
▼ + stars: | 2024-11-26 | by ( Andrew Yeung | ) www.businessinsider.com time to read: +6 min

AdvertisementAndrew Yeung landed roles at Google and Meta by perfecting his résumé. I was able to land a six-figure role at Google as a global product lead and Meta as a business planning and operations lead. A sample of the résumé that helped Andrew Yeung land jobs at Google and Meta. Most job seekers send out the same résumé everywhere, but recruiters and managers can easily spot the "spray and pray" approach. For every line item in your résumé, ask yourself: "How does this impact the bottom line of the company?"

Persons: Andrew Yeung, Yeung, Andrew Yeung Master, Andrew Yeung's, you've Organizations: Google, Meta, Spotify, Ivy League, EG

☆ Tish Cyrus-Purcell says her divorce from Billy Ray Cyrus was 'tough on everyone' — even her adult kids
▼ + stars: | 2024-11-26 | by ( Amanda Goh | ) www.businessinsider.com time to read: +5 min

AdvertisementTish Cyrus-Purcell says her divorce from Billy Ray Cyrus was difficult even for her kids, who are now adults. "For me, I never wanted to be divorced," Cyrus-Purcell said on a podcast. Tish Cyrus-Purcell says she wanted her marriage to Billy Ray Cyrus to end. Cyrus-Purcell has three kids — Miley, Braison, and Noah — with Cyrus. And a parental divorce can leave adult kids feeling "like that last security blanket is being ripped out from under them," Sussman said.

Persons: Tish Cyrus, Purcell, Billy Ray Cyrus, Cyrus, Kate Hudson, Oliver Hudson, — Miley, Braison, Noah —, Brandi, Dominic Purcell, he'll, Brandi —, —, Noah, Hudson, Susan Moss, Moss, it's, " Moss, Rachel Sussman, " Sussman, Sussman, Gabby Landsverk Organizations: Business, CDC Locations: NYC

☆ Rudy Giuliani Loses His Lawyers, and His Cool, in Court
▼ + stars: | 2024-11-26 | by ( Stefanos Chen | Olivia Bensimon | ) www.nytimes.com time to read: +1 min

The former New York City mayor was in federal court in Manhattan on Tuesday to discuss his continuing failure to give up nearly $11 million worth of personal assets. The forfeiture was meant as a down payment on the $148 million Mr. Giuliani owes to two Georgia election workers for defaming them by claiming, without evidence, that they had helped to steal the 2020 presidential election. But first, Judge Lewis Liman allowed Mr. Giuliani’s lawyers to withdraw from the case. “I’m sorry it came to this,” Kenneth Caruso, one of the Mr. Giuliani’s lawyers, said before he and his co-counsel left the hearing. In a statement on Tuesday, Mr. Caruso said that there had been “a difference of opinion” with Mr. Giuliani but they wished his new counsel “every success.”

Persons: Rudolph W, Giuliani, Judge Lewis Liman, “, ” Kenneth Caruso, Caruso, ” Organizations: New, New York City Locations: New York, Manhattan, Georgia

When Erika Kullberg's law firm refused to accommodate a family emergency, she knew she had to quit. Kullberg left her law firm after she was denied an extension on a work assignment despite being in the middle of a family emergency. When Kullberg left her law firm — and her salary with it — these are the steps she took to ensure she'd still be financially secure. "I had a number of months I was very, very comfortable with, and so I made sure that that was saved up." "Ever since I was at a law firm, I was really frugal," she said.

Persons: Erika Kullberg's, —, Erika Kullberg, Kullberg, wasn't, doesn't Organizations: Finance, Service

☆ Treasury yields rise as investors await Fed meeting minutes, key data
▼ + stars: | 2024-11-26 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The 2-year Treasury yield was last at 4.278% after rising by more than two basis points. U.S. Treasury yields were higher on Tuesday as investors looked ahead to the latest Federal Reserve meeting minutes and key economic data due this week. Investors considered the state of the economy as they looked to upcoming data and weighed the outlook for monetary policy as the Federal Reserve's latest meeting minutes are set to be released. Key inflation data is set to be published as the week continues, with the personal consumption expenditure price index for October due Wednesday. The PCE is the Fed's favored inflation gauge and could therefore inform its monetary policy decisions.

Persons: Donald Trump's, Scott Bessent Organizations: Treasury, U.S, Reserve, Investors, Federal, PCE Locations: U.S

☆ I bought a vintage Chanel handbag for $2050 in 2015 and sold it for $2000 in 2024. The girl math speaks for itself.
▼ + stars: | 2024-11-26 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

AdvertisementKoyaana Redstar, a vintage luxury handbag expert, swears by resale handbags. She said she bought a Chanel Boy bag for $2050 in 2015 and sold it for $2000 in 2024. I paid $2,050 for it in 2015 at Rebag, a luxury resale company. A black leather Chanel Boy handbag. But don't buy designer handbags just to resell themLuxury handbags from Bottega Veneta and Hermes.

Persons: Koyaana Redstar, I've, Edward Berthelot, Louis Vuitton, MIGUEL MEDINA, Hermes, Jeremy Moeller, consigners Organizations: Luxe, Rebag, Getty, Bottega Locations: Rebag, Paris, France, AFP, Bottega Veneta

☆ Lionel Messi’s former teammate Javier Mascherano announced as new Inter Miami head coach
▼ + stars: | 2024-11-26 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +3 min

CNN —Former Argentina captain Javier Mascherano will be Inter Miami’s new head coach, the club announced on Tuesday. Mascherano will reunite with legendary forward Lionel Messi, who he played alongside for the national team and spent almost eight years with at Barcelona. This will be Mascherano’s first senior managerial position, having previously coached the Argentina Under-20 national team. “To be able to lead a Club like Inter Miami is an honor for me, and a privilege I will strive to make the most of. I was drawn to the organization’s undeniable ambition, and the infrastructure it has to support it,” Inter Miami’s new head coach said in Tuesday’s statement.

Persons: Javier Mascherano, Mascherano, Lionel Messi, Gerardo Martino, “, David Beckham, Javier, ” Beckham, Messi, Jordi Alba, Luis Suárez, Sergio Busquets, Grigory Dukor, Reuters Mascherano Organizations: CNN, Argentina, Inter, Inter Miami, ” Inter, ” Inter Miami, “, Miami, Buenos, Brazilian, Corinthians, English, Liverpool, Catalan, Spanish La Liga, Copa del Rey, Champions League, Reuters, Chinese Super League, Hebei, Hebei China Fortune, Estudiantes, Messi, Major League Soccer, FIFA Club, MLS, Atlanta United Locations: Barcelona, Argentina, France, Buenos Aires, West Ham, Hebei China

☆ Claims that fight between Jake Paul and Mike Tyson was rigged are ‘incorrect and baseless,’ says promoter
▼ + stars: | 2024-11-26 | by ( Jamie Barton | ) edition.cnn.com time to read: +3 min

CNN —Claims that the recent record-breaking boxing match between Jake Paul and Mike Tyson was rigged are “incorrect and baseless … illogical and inane,” the fight’s promoter said in a statement Monday. Jake Paul takes on Mike Tyson in the most-streamed global sporting event ever. Al Bello/Getty Images for NetflixHowever, the fight drew criticism from across social media and the boxing world. “Everyone is talking about how staged this fight was,” said De La Hoya, who is now a promoter, on Instagram. It goes on the record, and it was sanctioned, so Jake Paul paid to get the W on his record.

Persons: Jake Paul, Mike Tyson, Paul, Tyson –, ”, Al Bello, Hall, Hall of Famer Oscar De La, De, De La Hoya, “, Tyson, ” Nakisa Bidarian, ” Bidarian Organizations: CNN, Texas Department, Paul, Netflix, T, ESPN, ESPN BET, Hall of Famer, Hall of Famer Oscar De La Hoya Locations: Arlington , Texas, Las Vegas, De La, Instagram

☆ British Airways reveals new A380 superjumbo first class seat design
▼ + stars: | 2024-11-26 | by ( Francesca Street | ) edition.cnn.com time to read: +6 min

This luxury is set to be taken to new heights on British Airways superjumbos, as the airline just unveiled a fresh design for its first class airplane seat, set to launch on BA’s A380 planes in 2026. CNN Travel was among the first to try out British Airways’ new cabin product during an unveiling at the airline’s London headquarters. British Airways suggests the wardrobe eliminates the need for overhead storage, which (perhaps controversially) won’t be a component of these new first class cabins. Each first class seat also features a 32-inch 4K inflight personal entertainment screen and adjustable mood lighting, including a “cinema” mode. Future of first classWhile British Airways is investing in its premium cabins, some airlines are moving away from first class.

Persons: United Kingdom CNN —, won’t, Calum Laming, “, ” Laming, Laming, you’re, there’s, ”, CNN’s Tamara Hardingham, Gill Organizations: CNN, United Kingdom CNN, Airbus, British Airways superjumbos, CNN Travel, British Airways, British Airways British Airways, American Airlines and United Airlines, Singapore Airlines Locations: London, United Kingdom, Concorde, Emirates, Johannesburg, Miami, Singapore, Los Angeles, San Francisco, Boston

☆ 5 follow-up questions Nvidia's CEO asks his AI to 'torture' it into teaching him new things
▼ + stars: | 2024-11-26 | by ( Jaures Yip | ) www.businessinsider.com time to read: +2 min

AdvertisementNvidia CEO Jensen Huang uses AI chatbots for learning by questioning their reasoning. Companies like Google and Khan Academy are developing AI tools for educational purposes. Advertisement"I use my AI," he said, "and I torture my AI to teach me." Huang's form of "torture" involves asking the AI a question and then five follow-up queries. AdvertisementWhile Huang's preferred learning process is drilling chatbots with questions, companies are developing more specialized tools for teaching users.

Persons: Jensen Huang, Jensen, Huang's, OpenAI's GPT, Sal Khan Organizations: Google, Khan Academy, Hong Kong University, Nvidia, TED

☆ These two gambling stocks are undergoing impressive upside breakouts, according to the charts
▼ + stars: | 2024-11-26 | by ( David Keller | ) www.cnbc.com time to read: +4 min

With former high-flying gambling stocks struggling so far in the fourth quarter, it's tempting to write off the entire group. MGM is only up about 10% since the August market low, and CZR is slightly above the S & P 500 in terms of performance. Over the same period, we can see that DraftKings Inc (DKNG) is up around 35%, doubling the return of the S & P 500. FLUT has now made a new 12-month relative high, as the strong performance in Q4 has outpaced other gambling stocks as well as the major equity benchmarks. As long as these two gambling stocks continue to demonstrate strong relative strength characteristics, we feel they represent excellent opportunities into year-end 2024.

Persons: FLUT, David Keller Organizations: Caesars Entertainment, MGM Resorts International, MGM, Nasdaq, CMT, CNBC, NBC UNIVERSAL

☆ Macy's $132 million mystery has auditing experts scratching their heads
▼ + stars: | 2024-11-26 | by ( Dominick Reuter | Dakin Campbell | ) www.businessinsider.com time to read: +4 min

Auditing experts told BI the available evidence suggests a failure of internal accounting controls. Following the news that Macy's discovered a sizable error in its financial records, auditing experts told Business Insider that the company must now explain how its controls broke down. Without more details, the accounting experts who spoke to BI said it is hard to understand exactly what happened. AdvertisementThe pressure will now be on Macy's auditor, KPMG, to show that it is appropriately scrutinizing Macy's accounting practices and controls, McKenna said. "I wouldn't be surprised if you'll see a material weakness in internal controls because something is not working here," McKenna said.

Persons: Macy's, Jerry Maginnis, Maginnis, Michelle Leder, Francine McKenna, McKenna Organizations: Rowan University, KPMG, BI, Sarbanes, Oxley

☆ Trump's proposed tariff increases would boost inflation by nearly 1%, Goldman Sachs estimates
▼ + stars: | 2024-11-26 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The latest tariff proposal from President-elect Donald Trump would likely put upward pressure on inflation in the United States, according to Goldman Sachs. The core PCE, which strips out food and energy prices, is the preferred inflation reading of the Federal Reserve. A tariff-linked increase in core PCE could scramble the calculations around Fed rate cuts. To be sure, it remains to be seen whether the tariffs will actually be implemented at the levels Trump proposed — or what exceptions might be made. Some of Trump's advisors and supporters have characterized the tariffs he proposed during the campaign as a bargaining position rather than a set policy.

Persons: Donald Trump, Goldman Sachs, Trump, Jan Hatzius, Hatzius, Dow Jones, Jerome Powell Organizations: PCE, Federal Reserve, Trump Locations: United States, China, Canada, Mexico, U.S, PCE

☆ Stock futures are little changed as Wall Street awaits Fed's preferred inflation reading: Live updates
▼ + stars: | 2024-11-26 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell on November 26, 2024, in New York City. U.S. stock futures opened little changed on Tuesday night as traders await the release of the Federal Reserve's favorite inflation gauge. Futures tied to the Dow Jones Industrial Average added 20 points, or 0.04%. Economists polled by Dow Jones expect a year-over-year increase of 2.8% for the core reading, which excludes food and energy. Both the S&P 500 and the Dow Jones Industrial Average reached fresh intraday and closing highs.

Persons: Dow Jones, Stephen Stanley, CNBC's, That's, It's Organizations: New York Stock Exchange, Dow Jones, Nasdaq, Dell Technologies, Fed, Santander U.S, Capital Markets Locations: New York City . U.S, U.S

☆ The Fed might not cut interest rates at all in 2025, Deutsche Bank economist says
▼ + stars: | 2024-11-26 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

AdvertisementThe Fed will pause interest rate cuts through all of 2025, Deutsche Bank's chief US economist says. A strong economy and the inflationary impact of Trump's policies will offset the need for rate cuts, Matthew Luzzetti said. The Federal Reserve's easing cycle is closer to stalling than starting, at least according to Deutsche Bank. Chief US economist Matthew Luzzetti expects the central bank to pause interest rate cuts after a final quarter-point reduction in December. First, the US economy doesn't appear headed for an imminent slowdown, which dials back pressure on the Fed to prop up growth by lowering interest rates.

Persons: Matthew Luzzetti, Goldman, Luzzetti, Donald Trump, Goldman Sachs Organizations: Deutsche, Deutsche Bank . Chief, Bloomberg, Fed, Luzzetti, Citi Locations: China, Mexico, Canada

☆ Majority of social media influencers don’t verify information before sharing it, study finds
▼ + stars: | 2024-11-26 | by ( Liam Reilly | ) edition.cnn.com time to read: +6 min

According to the UNESCO study, 62% of surveyed creators said they don’t vet the accuracy of content before sharing it with their followers. The study comes in the wake of the 2024 US presidential election, in which social media influencers played a key role as an information source for voters. During the campaign, President-elect Donald Trump and Vice President Kamala Harris harnessed social media influencers and podcasters with millions of followers, including Joe Rogan and Alex Cooper, to appeal directly to voters. And a separate survey from Pew found that more than half of American adults “at least sometimes” get their news from social media. Online influencers generally do not rely on official sources of information, such as government-issued reports and documents, the UNESCO study found.

Persons: influencers, Donald Trump, Kamala Harris, Joe Rogan, Alex Cooper, ”, Pew, ” Zhang Zhaoyuan, Kassy Cho, Instagram, Influencer, Trump, Tim Pool, Benny Johnson, Dave Rubin —, Elon Musk’s, Musk Organizations: New, New York CNN, UNESCO, ” UNESCO, Pew Research Center, Tenet Media, Justice Department, YouTube, Google, Facebook Locations: New York, China, Springfield , Ohio, Russia, Social

☆ Stocks making the biggest moves after hours: Dell Technologies, Autodesk, Workday and more
▼ + stars: | 2024-11-26 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Ambarella is calling for fourth-quarter revenue of $76 million to $80 million, while analysts polled by LSEG anticipated $69 million. For the current quarter, CrowdStrike expects to earn between 84 cents and 86 cents per share, while the consensus estimate was 86 cents per share, per LSEG. Dell Technologies – The stock tumbled more than 10% on the heels of the company posting weaker-than-expected revenue for the fiscal third quarter. Autodesk is calling for fourth-quarter earnings to range from $2.10 to $2.16 per share, excluding items, on revenue of $1.623 billion to $1.638 billion. Revenue for the third quarter topped analysts' estimates, coming in at $3.46 billion, versus estimates for $3.35 billion, per LSEG.

Persons: LSEG, CrowdStrike, Dell, FactSet, Janesh Moorjani, Nutanix, Nordstrom, —, Darla Mercado Organizations: Dell Technologies, HP, Autodesk –, Autodesk, Urban, Urban Outfitters, StreetAccount, Revenue

☆ HP forecasts Q1 profit below estimates on sluggish demand in PC market
▼ + stars: | 2024-11-26 | by ( ) www.cnbc.com time to read: +2 min

HP forecast its first-quarter profit below Wall Street expectations on Tuesday, in a sign of persistent choppiness in demand in the personal computers market. PC makers have seen demand retreat from its peak during the pandemic, when customers stocked up on tech products. AI PCs have not boosted the overall PC demand as "buyers have yet to see their clear benefits", Gartner analyst Mikako Kitagawa said. The PC maker's adjusted profit 93 cents per share met expectations. For the fiscal 2025, the company forecast its adjusted profit to be between $3.45 and $3.75 per share, the midpoint of which is in line with analysts' estimate.

Persons: Mikako Kitagawa, LSEG, Karen Parkhill Organizations: Hewlett, Packard, HP, Gartner, IDC Locations: Palo Alto , California

☆ 2 biggest resume red flags, from a recruiter who has interviewed 'thousands': 'I've seen somebody spell their own name wrong'
▼ + stars: | 2024-11-26 | by ( Gili Malinsky | ) www.cnbc.com time to read: +1 min

"I definitely have interviewed thousands and thousands of people throughout my 15-year career," she says. Each interview process starts with a resume, which needs to convince Levine she should move forward with that candidate. 'I've seen somebody spell their own name wrong'First, typos and misspelled words definitely raise eyebrows. "I've seen somebody spell their own name wrong," says Levine. "I've seen somebody spell the name of their university incorrectly, or the company that they worked for."

Persons: Emily Levine, Levine, I've Organizations: Group

☆ Charles and Catherine Romer: 1980 cold case may get answers after car is found submerged in Georgia pond
▼ + stars: | 2024-11-26 | by ( Hanna Park | ) edition.cnn.com time to read: +2 min

“The vehicle is similar to the description of a vehicle that Charles and Catherine Romer were believed to be driving when reported missing in April 1980,” the Glynn County Police Department announced on social media Saturday. No official determination has been made about the identity of the remains found, Glynn County police said. CNN has reached out to the Glynn County Police Department for further information. “A rear end of a car, the car was tearing apart. The police officer said there were two deceased bodies in the car,” Fahs told CNN affiliate WFOX/WJAX.

Persons: Charles, Catherine Romer, Housekeepers, Barry Fahs, ” Fahs, ” Christine Seaman Heller, Catherine Romer’s, ” Seaman Heller, “ It’s Organizations: CNN, Lincoln Continental, Police Department, Inn, WABC, New, Authorities, Team, Sunshine, Sonar, Ford, Continental Locations: Georgia, New York, Glynn, Miami, Brunswick, New Jesup, Camden, Scarsdale , New York

☆ The Fed's favorite inflation gauge is out Wednesday. It could show some bad news on prices
▼ + stars: | 2024-11-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

At a time when most Federal Reserve officials see lower interest rates head, a key report on Wednesday is expected to show inflation drifting further away from target. The Commerce Department will release the October look at its personal consumption expenditures price index, the Fed's primary yardstick to measure the pace of price increases. "Recent data show progress on inflation has slowed," Brett Ryan, senior U.S. economist at Deutsche Bank, said in a note. "Recent wage data shows gains remain elevated and suggests core inflation is unlikely to cool near the Fed's 2% target," BlackRock experts said Monday in their weekly market note. "Markets have been pricing out Fed rate cuts — and moving closer to our view — as it becomes clearer that inflation pressures could prove persistent."

Persons: Dow Jones, What's, Donald Trump's, Brett Ryan Organizations: Federal, Commerce Department, Deutsche Bank, BlackRock

☆ When I was 30, my mom gave me $15,000 to spend on a gap year in Italy instead of a house or wedding. I have no regrets.
▼ + stars: | 2024-11-26 | by ( Tricia Patras | ) www.businessinsider.com time to read: +4 min

AdvertisementI used my savings and a $15,000 gift from my mom to travel and temporarily move to Italy in my 30s. So when I turned 30 that year, I used my savings and $15,000 from my mom to travel, take a gap year, and find "La Dolce Vita" in Italy. I loved the life I'd had in Italy, and I knew I had to finish what I'd started. Living in Italy was a once-in-a-lifetime experience — and I'm thankful my mom helped me do itI'm grateful I got to experience Italy, and I don't regret asking my mom for help. Finding self-confidence in Italy was a priceless experience, and I'll always cherish the memories from my gap year.

Persons: I'd, Tricia Patras, She'd, — Organizations: US Locations: Italy, San Francisco, Egypt, Greece, Florence, Japan, Munich, Europe

☆ This under-the-radar tech stock could be due for a comeback. How to play it with options
▼ + stars: | 2024-11-26 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Observably, both DI- and DI+ are reversing course, suggesting an early sign of a trend change. Support/Resistance Beyond technical indicators, traditional support and resistance levels further validate this trade setup. OLED has shown strong support at the 160 level, with the stock rebounding from this area, reinforcing the bullish case. To take a bullish trade on OLED, I'm using a trade structure called a "bull call spread." If OLED keeps going up from here and the stock price is above $170, a 170-175 call spread is also a feasible trade setup.

Persons: OLED Organizations: Dow Jones, Trump, Display Corp, DI, CNBC, NBC UNIVERSAL Locations: OLED

☆ The hot new dating-app trend: matchmaking
▼ + stars: | 2024-11-26 | by ( Sydney Bradley | Dan Latu | ) www.businessinsider.com time to read: +6 min

Several new "matchmaking" dating apps have launched in the past year, addressing dating-app fatigue. Sitch, an AI-powered matchmaking app launched in New York in November. The current trend of new matchmaking apps generally splits into two categories: Either the users themselves are doing the matchmaking, or the app (typically built with AI) is matching users directly. Related storiesLoop, founded by siblings Lian and Adam Zucker, is a "matchmaking app where everyone can set up their single friends," Lian said. Sitch"We've tried to replicate the exact human flow of matchmaking," Sitch cofounder Nandini Mullaji — who has experience in matchmaking friends of friends IRL — told BI.

Persons: Sean Rad, Harry Stebbings, Lian, Adam Zucker, Ram Chirimunj, Zoe Mazakas, Chirimunj, Sahil, Ahuja, We've, Nandini Mullaji —, Sitch, Alex Weitzman, Nick Rosen, Rosen Organizations: Facebook, Match Group, IRL, New, New York City Locations: New York, swiping, New York City

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