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Walmart expanded its same-day delivery offering to allow shoppers to get online purchases dropped off earlier in the morning. With same-day deliveries, the three retailers are not only trying to outmatch one another on convenience. With Target's announcement this week, Walmart, Target and Kroger will all have paid membership programs with home deliveries as one of the benefits. Kroger has used online delivery to break into new regions of the country, including Florida, without opening a single grocery store. Walmart and Target both beat Wall Street's sales expectations for the holiday quarter, but said shoppers are still very value-focused.
Persons: Kroger, Michael Baker, Davidson, Davidson's Baker, John David Rainey, Rodney McMullen, That's, McMullen, We've Organizations: Target, Walmart, D.A, Kroger, Costco, Albertsons, FTC, Wall Locations: U.S, Florida
The sales led to an influx of tourists, remote workers, and investment, Toti Nigrelli added. AdvertisementIt all began with an enticing offer: homes in a picturesque Sicilian town for just one euro, barely more than a dollar. According to Mussomeli's deputy mayor, who helped launch the initiative in 2017, it sparked a total revitalization of the once-underpopulated town, attracting tourists, remote workers, and investment to the area. Toti Nigrelli told Business Insider in a documentary that before the program's implementation, Mussomeli faced major depopulation issues. This story is available exclusively to Business Insider subscribers.
Persons: Mussomeli, Toti Nigrelli, Organizations: Service, Business Locations: Sicily, underpopulated
NASA is shutting down a $2 billion project to test satellite refueling in space, it announced Friday, after the agency's auditor criticized the program's lead contractor, Maxar, citing "poor performance." The space agency said in a statement that the OSAM-1 — On-orbit Servicing, Assembly, and Manufacturing 1 — project was being discontinued after nearly a decade of work. NASA did not respond to CNBC's request for comment on how many personnel will be affected as a result of OSAM-1's cancellation. Maxar was taken private by private equity firm Advent International in May 2023 before being split into two businesses: Maxar Intelligence, focused on satellite imagery and analytics, and Maxar Space Systems, focused on spacecraft manufacturing. NASA's Goddard Space Flight Center in Maryland was leading the work on OSAM-1, with Maxar Space Systems as the project's prime contractor under multiple deals.
Persons: Eric Glass, Maxar, NASA's, Goddard, General Organizations: NASA, Space Systems, CNBC, International, Maxar Intelligence, Systems, NASA's Goddard Space Flight, Maxar, U.S, Northrop Locations: Maryland, Goddard
Do Credit Card Points Expire? Credit Card Points Never ExpireUnlike many airline miles and hotel points, credit card points don't expire as long as you keep your account open and in good standing (meaning you continue to pay off your balances or communicate with the bank if you need any financial assistance). Here are the main credit card points currencies, along with the top credit card options for earning each of them:These transferable credit card points can be extremely valuable, not just because you have so many options for using them to book travel, but also because there are certain sweet spots you can use to your advantage. FAQsDo all credit card points expire? Check the terms and conditions of your credit card rewards program or contact your credit card issuer directly.
Persons: there's, Miles, you'll, that's Organizations: Business, Business †, Citi Prestige, Citi, Chase Sapphire Reserve, American Airlines, Capital, American, Marriott, Alaska Airlines, Apple Locations: Chase, Alaska, Chevron
"Our investments in leading-edge logic chip manufacturing will put this country on track to produce roughly 20% of the world's leading-edge logic chips by the end of the decade," Raimondo said during a speech at the Center for Strategic and International Studies. "It takes tens of thousands of leading-edge semiconductor chips to train a single large language model." The Taiwan Semiconductor Manufacturing Company, which manufactures chips for companies such as Apple and Nvidia , is currently the world's largest, most advanced contract chip maker. Chinese chipmaker Semiconductor Manufacturing International Corporation appears to have defied U.S. sanctions in recent months by manufacturing advanced chips and is preparing to produce five nanometer chips for technology corporation Huawei. "At the outset, we said we would invest about $28 billion of the program's $39 billion in incentives for leading-edge chip manufacturing," Raimondo added.
Persons: Gina Raimondo, WASHINGTON —, Biden, " Raimondo, Raimondo, SMIC Organizations: Science, Technology, Washington , D.C, WASHINGTON, Center for Strategic, International Studies, U.S . Department of Commerce, McKinsey & Company, McKinsey, Taiwan Semiconductor Manufacturing Company, Apple, Nvidia, chipmaker Semiconductor Manufacturing International Corporation, Huawei, U.S, Commerce, CNBC PRO Locations: Rayburn, Washington ,, U.S, China
As state leaders scramble to address the problem, one solution is showing some promise: Give those young people $1,000 cash every month, no strings attached. AdvertisementSo far 120 young people across the state are receiving the direct cash payments, the report says. Participants receive payments of $ 1,000 a month. AdvertisementThe Baltimore Young Families Success Fund , for example, gives young parents in the city $1,000 a month. In Denver, the city recently extended a basic income program offering some residents up to $1,000 a month after participants reported increased housing security .
Persons: , Anjala Huff, Huff, Tonaeya Moore, Austin, Sen, Paul Bettencourt Organizations: Service, Business, The Oregon Department of Human Services, DHS, Baltimore Young Locations: Oregon, Multnomah County, Portland, Maryland, Denver, Iowa , South Dakota , Arizona, Texas, Harris County, Houston
Read previewThe city of St. Louis is giving out $500 a month to 540 families, and in just three months recipients say it's helped them pay off debts and their bills. In St. Louis, recipients were chosen from over 5,500 applicants. Advertisement"The main categories where we see spending is pretty much where we anticipated," Adam Layne, the St. Louis city treasurer, told Business Insider in an interview. They had to be residents of St. Louis, have a school-age child, and have had a negative financial impact from the pandemic. Layne said the guaranteed basic income program took about a year and a half of planning and coordinating with partners, including researchers at Washington University in St. Louis.
Persons: , Louis, it's, Adam Layne, Layne, St, Jack Dorsey's, St . Louis, Louisans Organizations: Service, Business, American, Washington University Locations: St, Louis, St .
For the 10% of households making under 30% of the county's median income, median living expenses are about three times what they earn. AdvertisementCompared to the control group that didn't receive payments, participants had significantly better employment outcomes. While the percentage of employed control group families stayed the same at 74%, the participants’ employment rate jumped from 75% to 87%. When looking only at employed participants, median income rose from $1,573 to $1,900 per month. When factoring in other sources of income, such as Social Security or child support, the control group’s income rose 40% while the participants’ income rose 84%.
Organizations: Service, Arlington Community Foundation, Arlington County Department of Human Services, Business, Economic Research Institute, Security Locations: Washington, Arlington , Virginia, Texas, South Dakota, Arlington, American, Arlington County
Andrew Caballero-Reynolds | AFP | Getty ImagesIt's never been a better time to get rid of your student debt. Paul Morigi | Getty ImagesThe Biden administration has tried to reverse the trend of borrowers being excluded from the relief on technicalities. Some 790,000 public servants have gotten their debt erased as a result, amounting to more than $56 billion in relief. Total and Permanent Disability DischargeThe Biden administration has also forgiven the student debt of more than 510,000 disabled borrowers. Borrower defenseAnother 1.3 million borrowers have walked away from their debt over the past few years thanks to the Borrower Defense Loan Discharge.
Persons: Joe Biden, Andrew Caballero, Reynolds, Joe Biden's, James Clyburn, he's, George W, Bush, Paul Morigi, Biden, Kantrowitz Organizations: Air Force, Joint Base Andrews, AFP, Getty, Supreme, CNBC, U.S . Department of Education, Public, Consumer Financial, Studentaid.gov, of Education, Social Security Administration, Department of Veterans Affairs, Education Department Locations: Maryland
Read previewA guaranteed basic income program in Arlington, Virginia that gave low-income residents $500 a month with no strings attached allowed them to find their footing, seek out education, and improve their job security, a final report found. Recipients said reducing their weekend and overtime hours helped them pursue education and certifications that could lead to higher-paying jobs. Arlington is not the first city to experiment with a guaranteed basic income program. Some lawmakers in Texas, however, oppose basic income programs. One state senator asked the state attorney general to declare a similar program in the Houston area unconstitutional.
Persons: , Uber Organizations: Service, Arlington Community Foundation, Arlington County Department of Human Services, Business, Arlington Community Fund Locations: Arlington , Virginia, Arlington, Washington, DC, Virginia, Baltimore, Boston, Austin, Denver , Minneapolis, Texas, Houston
'Deteriorating' retirement outlookAbout 38% of early millennials (those born in the 1980s) will have "inadequate" retirement income at age 70, according to projections from a 2022 Urban Institute study. watch now"We do see the retirement outlook deteriorating for future generations," including millennials, said Richard Johnson, director of Urban's retirement policy program and co-author of the report. Millennials' student loans dent their net worthA 2021 paper by the Center for Retirement Research at Boston College had similar findings. Meanwhile, the last major Social Security overhaul, in 1983, gradually raised the program's "full retirement age" to 67 years old. That will make it easier to save for retirement, according to a Brookings Institution report.
Persons: Jamie Grill, Craig Copeland, Gen X, Xers, Richard Johnson, Johnson, aren't, Millennials, Gen Xers, CRR, X, EBRI, Anqi Chen, Copeland, millennials, they're, William Gale, Hilary Gelfond, Jason Fichtner, there's, Sean Deviney, Deviney Organizations: Social Security, Research Institute, Urban, Center for Retirement Research, Boston College, Research, Transamerica Center, Retirement Studies, Finance, IRA, Pensions, Social, Center, Budget, Brookings Institution, Vanguard Group Locations: U.S, Fort Lauderdale , Florida
Here's how to pick the best free tax filing option this season
  + stars: | 2024-02-04 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +4 min
IRS Free FileA public-private partnership between the IRS and Free File Alliance, a nonprofit comprised of tax software companies, IRS Free File offers free guided tax prep software for eligible filers. If you're comfortable with tax software, Free File has eight partners this season, with varying income eligibility — and some offer free linked state filings. Volunteer tax prep from IRS programsIf you're looking for more guidance, you may also qualify for free tax prep from IRS programs with trained volunteers. The Volunteer Income Tax Assistance, or VITA, program offers free tax prep for taxpayers typically making up to $64,000, in addition to filers with disabilities and limited English proficiency. AARP Foundation Tax-Aide also offers free tax prep for low- to moderate-income older adults.
Persons: Tim Hugo, Hugo, Steven Hamilton Organizations: U.S . Bureau of Labor Statistics, Taxpayers, IRS, Alliance, National Taxpayer, Volunteer, Internal Revenue, The George Washington University, Social Locations: Arizona , California, Florida , Massachusetts, Nevada , New Hampshire , New York, South Dakota , Tennessee , Texas, Washington and Wyoming
But borrowing money always comes with some risks, and home renovation loans can be particularly risky when used to purchase a fixer upper. Renovation loan eligibilityTo get a loan for a house renovation, you'll need to meet certain credit requirements. Cash-out refinances or renovation loans rolled into mortgages are typically the best renovation loan programs because they come with the lowest rates. Home renovation loans FAQsAre renovation loans a good idea? Renovation loans, or home improvement loans, can be a good idea for homeowners looking to make both essential and cosmetic changes to their homes.
Persons: , It's, Fannie Mae's, Freddie Mac's, you'll, Douglas Boneparth Organizations: Service, Federal Housing Administration, Bone, reno, Chevron
(Reuters) - The Biden administration is sending drugmakers opening offers for the U.S. Medicare program's first ever price negotiations on Thursday, the White House said in a statement. President Joe Biden's signature Inflation Reduction Act (IRA) allows Medicare, which covers 66 million Americans mostly aged 65 and older, to negotiate prices for some of its most costly drugs. The initial offers have been sent to manufacturers of 10 high-cost medicines, which include Bristol Myers Squibb and Pfizer's blood thinner Eliquis, Merck & Co's diabetes drug Januvia and Johnson & Johnson's blood thinner Xarelto. The HHS and White House did not disclose details on the offers. (Reporting by Urvi Dugar and Sriparna Roy in Bengaluru; Editing by Toby Chopra and Sriraj Kalluvila)
Persons: Biden, Medicare program's, Joe Biden's, Januvia, Johnson, Urvi Dugar, Sriparna Roy, Toby Chopra, Sriraj Organizations: Reuters, U.S, Medicare, U.S . Department of Health, Human Services, Bristol Myers Squibb, Merck, HHS, White Locations: Bengaluru
But significantly improving a recipient's housing situation might only be possible in a longer-term program or with larger payments, the researchers found. And the cash transfers did not cause recipients to work less , a common concern with basic income programs, the report found. A growing landscape of basic income experimentsLocal and state governments across the country are experimenting with guaranteed basic income programs, often targeting the region's most vulnerable residents, including new and expecting mothers and the lowest-income families. AdvertisementRecipients of a year-long basic income program in Austin, Texas, used most of the cash on housing costs and became "substantially more housing secure," according to surveys. "One of the undergirding premises of basic income programs, in general, is giving folks the decision-making latitude to choose for themselves where that money goes," Palmer said.
Persons: Vanessa Palmer, Andrew Goodman, Bacon, Palmer, Organizations: Minneapolis who've, Federal Reserve Bank of Minneapolis, Federal Reserve, Federal Reserve's Center, Indian Country Development, Federal, Opportunity, Growth Institute, Urban Institute, Harvard, The New York Times, Department of Housing, Urban Development Locations: Minneapolis, Twin Cities, Austin , Texas, Washington ,, San Francisco
A guaranteed basic income program in Austin gave people $1,000 a month for a year. AdvertisementA guaranteed basic income plan in one of Texas's largest cities reduced rates of housing insecurity. Austin was the first city in Texas to launch a tax-payer-funded basic income program when the Austin Guaranteed Income Pilot kicked off in May 2022. On average, program participants spent more than half of the cash they received on housing, the report's authors wrote. Harris County, which includes Houston, earlier this month launched a guaranteed basic income program that gives low-income residents up to $500 a month.
Persons: , Austin, Taniquewa Brewster, KXAN, it's, Sen, Paul Bettencourt, Bettencourt, Tonaeya Moore Organizations: Service, Austin, Urban Institute, Washington DC, NBC, Houston Chronicle, Baltimore Young Locations: Austin, Texas, City, Washington, Houston, Harris County, United States, Baltimore
When Jim Harbaugh took a pay cut from Michigan after the 2020 season, getting another chance to be an NFL head coach seemed like a long shot for him. If Nick Saban had retired after the 2022 season it’s doubtful Kalen DeBoer would have been his replacement at Alabama. He leaves Michigan after three straight seasons of beating Ohio State, winning the Big Ten and reaching the playoff. Harbaugh has been a head coach in college and the NFL for 20 years, including a three-year stint with FCS San Diego before landing the Stanford job in 2007. “I knew this was a thing that, not that I had to do, but that I really wanted to do.
Persons: Jim Harbaugh, Nick Saban, Jedd Fisch —, DeBoer, “ Jim Harbaugh, Dan Mullen, , Harbaugh, Justin Herbert, Sherrone Moore, ” Moore, Saban, , ” DeBoer, Fisch, ” Mullen, Mullen, Mullen didn't, Let’s Organizations: NFL, Alabama, Arizona . College, ESPN, Los Angeles Chargers, Ohio State, Big, FCS San, Stanford, Michigan, Bowl, Louisville, Central Michigan, Washington, , SEC, Gators, AP Locations: Michigan, Washington, Florida, FCS San Diego, Central, Arizona, Seattle, “ Michigan
The Wolverines might very well have their man already on campus in offensive coordinator Sherrone Moore. Political Cartoons View All 253 ImagesWith Harbaugh serving two separate suspensions this past season for potential NCAA rules violations, Michigan went 4-0 with Moore leading the team on game days. Moore was in charge when Michigan won at Penn State and against Ohio State to win the Big Ten East. Jedd Fisch, who went from Arizona to Washington to replace DeBoer, might have been an interesting candidate for Michigan, too. “So Sherrone Moore, shining star,” Harbaugh said.
Persons: Nick Saban, Jim Harbaugh, Sherrone Moore, , Warde Manuel, Harbaugh, Moore, “ We’ve, ” Harbaugh, “ He’s, Dan Enos, Kalen DeBoer, DeBoer, Jedd Fisch, Fisch, Mike Hart, Grant Newsome, Will Johnson, Kenneth Grant, Mason Graham, Lloyd Carr, Bo Schembechler, Gary Moeller Organizations: Alabama, NFL, Los Angeles Chargers, Michigan, Penn State, Ohio State, Big, Washington, Harbaugh's, Harbaugh, , AP Locations: Michigan, Los Angeles Chargers . Michigan, Alabama, Washington, South Dakota, Arizona, Mason Graham . Michigan, Ann Arbor
Guaranteed basic income is similar to universal basic income except it targets a particular group. Similar programs to the one in Harris County are being adopted in cities all over the country. The Uplift Harris program plans to provide eligible households in Harris County, which includes Houston, $500 a month for up to 18 months. "They are not a Home Rule city," Bettencourt told Houston Public Media. Uplift Harris provides guaranteed basic income to households in the zip codes with the highest poverty rates in Harris County, according to the program's website.
Persons: , Sen, Paul Bettencourt, Harris —, Bettencourt, I've, Harris County Attorney Christian Menefee, Menefee Organizations: Service, Business, American, Plan, Houston Chronicle, Houston Public Media, Harris, Harris County Attorney Locations: Texas, Houston, Harris County
TUSCALOOSA, Ala. (AP) — Alabama five-star freshman quarterback Julian Sayin has entered the transfer portal, the program's latest player to look elsewhere after Kalen DeBoer replaced the retired Nick Saban as coach. Sayin had signed with the Crimson Tide this past December. He's the 26th player and second signee to leave Alabama since Saban announced he was leaving earlier this month. He was ranked as the country's third best quarterback recruit by 247sports.com. Saban called Sayin “an outstanding player” on signing day, this past Dec. 20.
Persons: Julian Sayin, Kalen DeBoer, Nick Saban, Sayin, Saban, , ” Saban, , DeBoer, Austin Mack Organizations: , Crimson Tide, Alabama, 247sports.com, Washington, AP Locations: TUSCALOOSA, Ala, — Alabama, Carlsbad , California
Political Cartoons View All 253 ImagesUnder so-called linked-deposit programs, states deposit money in banks at below-market interest rates. Banks then leverage those funds to provide short-term, low-interest loans to particular borrowers, often in agriculture or small business. The programs can save thousands of dollars for borrowers by reducing their interest rates by an average 2-3 percentage points. Illinois has nearly $950 million of deposits linked to low-interest loans for farmers, businesses and individuals. In 2015, Frerichs said, the state's agricultural investment program had just two low-interest loans.
Persons: Vivek Malek, Malek, ” Malek, Banks, Michael Frerichs, Frerichs, Rafael Salaberrios, ” Salaberrios, Brian Zimmerschied, Doug Fish, Jason Bernard, ” Bernard, Mike Hopkins, , Hopkins, Jordan Harvey, Sid Miller, hadn't, Miller, Organizations: JEFFERSON CITY, Federal Reserve, National Association of State, State Development, , OakStar Bank, FCS, FCS Financial, BTC Bank, Montana Board of Investments, Republican, AP Locations: Mo, Missouri, New York, Illinois, Montana, , National Association of State Treasurers . Illinois, Bethany , Missouri, Bethany, Iowa , Kansas, Ohio, Kansas, In Ohio, Texas
Each was a two-time pick as AP national player of the year and three-time AP first-team All-Americans, and combined to be named the Final Four's Most Outstanding Player five times. 2 for every week of the 1956-57 season, then spent the next season inside the top 10. ELVIN HAYES, HoustonThe 6-9 center put up big numbers in a career that included being AP national player of the year over Alcindor in 1968. 2 all-time scorer helped the Cougars spend the 1966-67 season inside the top 10 and then stay at No. RALPH SAMPSON, VirginiaThe 7-4 center was a three-time AP national player of the year who singlehandedly made the Cavaliers a power in the early 1980s.
Persons: Kareem Abdul, Jabbar, Bill Walton, BILL RUSSELL, San Francisco Russell, WILT CHAMBERLAIN, ELVIN HAYES, DAN ISSEL, , DAVID THOMPSON, , LARRY, Magic Johnson, Bird's Sycamores, hasn't, RALPH SAMPSON, Virginia, PATRICK EWING, CHRISTIAN LAETTNER, Duke, Mike Krzyzewski, TYLER HANSBROUGH Organizations: Bruins, Associated Press, Dons, NCAA, Chamberlain's Jayhawks, OSCAR ROBERTSON, Cincinnati The Bearcats, Cincinnati, AP, Alcindor, Cougars, Wildcats, North Carolina State, Wolfpack, Indiana State, Michigan State, Cavaliers, Hoyas, Blue Devils Locations: WILT CHAMBERLAIN , Kansas, North Carolina, Cincinnati, Houston, DAN ISSEL , Kentucky, N.C, State, Indiana, RALPH SAMPSON , Virginia, Georgetown, TYLER HANSBROUGH , North Carolina
The new guaranteed income program called Rx Kids offers "no-strings-attached love," according to its website. Related storiesThe program provides expectant moms with $1,500 during pregnancy and another $500 each month throughout a baby's first year, according to the Rx Kids website. The website says the program is the "first-ever citywide cash prescription program for pregnant moms and babies." In its program, the city offers $1,000 to young mothers every month to spend however they want. AdvertisementUniversal basic income programs and their like-minded cousins — guaranteed basic income programs like Rx Kids that target certain groups of people instead of entire populations — have been largely successful (even in Republican-led states that offer staunch opposition) at addressing poverty and homelessness.
Persons: , Gretchen Whitmer, Whitmer, it's, Biden, H, Luke Shaefer, MLive Organizations: Service, Business, Tax, Republican Locations: Flint , Michigan, Flint, Baltimore
AUSTIN, Texas (AP) — Texas' first Big 12 championship since 2009 and the program's first appearance in the College Football Playoff earned Longhorns coach Steve Sarkisian a four-year contract extension through 2030, the school announced Saturday. “Coach Sark is an incredible coach, a first-class person and tremendous leader of men," Board of Regents Chairman Kevin Eltife said. “Coach Sark has brought the pride and passion back in our program. His name had briefly surfaced as a candidate for the job at Alabama after Nick Saban retired earlier this week. But even before Saban retired, Texas athletic director Chris Del Conte had said the university was considering a raise and extension for Sarkisian.
Persons: Steve Sarkisian, it's, Sark, Kevin Eltife, Nick Saban, Saban, Chris Del Conte, ” Sarkisian, “ We've, Organizations: College Football Playoff, school's, Regents, ” Texas, Washington, Longhorns, Southeastern Conference, Texas, Alabama, Sarkisian, AP Locations: AUSTIN, Texas,
But since completing Quick Start, Gardner has come to a worrying realization: There aren't enough semiconductor jobs to go around. The precedent is little solace for the many graduates of the Quick Start program who are stuck in limbo. In addition to no longer promising interviews with semiconductor companies, Quick Start has taken other steps to moderate candidates' expectations. Hurdles aboundBeyond short-term economics, Palmer believes there are two reasons semiconductor companies have been slow to hire, she said. In the years ahead, the artificial-intelligence boom could further boost the demand for chips and create more jobs in the semiconductor industry.
Persons: Collin Gardner, Gardner, Taco Bell, Taiwan's, Joe Biden, I'm, Lisa Strothers, Jacob Zinkula, Quick, Leah Palmer, who've, Palmer, Gary Burley, who's, they're, we're, It's, , Gabriela Cruz Thompson, Biden, Gina Raimondo, he'd, hadn't, he's Organizations: Taco Bell, Business, Taco, Semiconductors, Semiconductor, Semiconductor Industry Association, Oxford Economics, Intel, Arizona Advanced Manufacturing, Mesa Community, Mesa Community College, Quick, Samsung, Bloomberg Locations: Arizona's Maricopa County, Arizona, chipmaking, China, Maricopa County, Ohio
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