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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis is a great opportunity to rebalance fixed-income allocations, says Schwab's Omar AguilarOmar Aguilar, Schwab Asset Management CEO & CIO and Brooke May, Evans May Wealth managing partner, joins 'Closing Bell: Overtime' to discuss markets and economy.
Persons: Schwab's Omar Aguilar Omar Aguilar, Brooke May, Evans Organizations: Schwab Asset Management, Wealth
The Onion has won the bid for Infowars’ assets
  + stars: | 2024-11-14 | by ( Hadas Gold | ) edition.cnn.com   time to read: +5 min
CNN —Satirical news site The Onion won the auction to acquire conspiracy theorist Alex Jones’ Infowars, which was sold off as part of a defamation settlement after he falsely called the Sandy Hook Elementary School massacre a hoax. The Onion’s bid was backed by the families of eight victims of school shooting and one first responder. Jones was previously ordered to pay $1.5 billion to families of the Sandy Hook shooting victims. Jones had used Infowars to spread some of the most disturbing and disgusting lies and conspiracy theories into the public discourse. Though Collins declined to detail the bid amount, he said it was the highest and that the funding came from The Onion itself.
Persons: Alex Jones ’, Jones, Sandy Hook, he’s, motorhome, , Ben Collins, ” Alex Jones, David J, Phillip, Collins, “ We’re, Chris Mattei, Alex Jones, Robbie Parker, Emilie, Infowars, Jones ’, Oliver Darcy Organizations: CNN, Elementary, Gun Safety Locations: Sandy, Houston, harm’s
Former Vice President Mike Pence was, for most of their four years together, a loyal partner who helped smooth Trump’s dealings with establishment Republicans and evangelical conservatives. “It compresses things,” said Joel Goldstein, a vice presidential scholar and professor emeritus at Saint Louis University. At one point, polling showed him to be one of the least-liked vice presidential candidates over the last 30 years. And during his own presidency, Biden tasked Vice President Kamala Harris with the tough-to-define and tough-to-evaluate assignment of tackling the root causes of migration from Mexico and Central America. He also was the last sitting vice president to win the presidency.
Persons: JD Vance, — “, Vance, , Donald Trump, Trump, , Jordan Wiggins, “ He’s, Al Gore, Bill Clinton’s, Joe Biden, Barack Obama, Obama, Grover, Mike Pence, Pence, Trump —, Joel Goldstein, Tim Walz, JD, ” Wiggins, ” Vance, isn’t, “ JD, ” Vance hasn’t, Gore, George W, Bush, Dick Cheney, Biden, Kamala Harris, Harris, I’d, George H.W, George H.W . Bush, Ronald Reagan, Reagan Organizations: Republican Party, Trump, Jan, U.S . Capitol, Saint Louis University, Senate, Democratic, Minnesota Gov, NBC, Press, GOP, The New York Times, Central America, NBC News, Republican National Convention Locations: Ohio, Cincinnati, Grover Cleveland, Iowa, New Hampshire, Minnesota, Clinton, Mexico, Central, George H.W .
The effect of pay transparency laws on states
  + stars: | 2024-11-13 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +6 min
The net effect for employers and employeesWhile only a minority of states require employers to provide pay transparency, their laws are having a domino effect on employers across the United States. “The majority of top-performing organizations (57%) embrace pay transparency and share pay ranges even when not required by law,” Payscale’s report noted. How pay transparency is helping individualsWhile there are federal laws prohibiting wage discrimination based on gender and other protected classifications, most states also have their own pay equity laws on the books. Wieselthier considers pay transparency laws a subset of pay equity because they provide a tool people can use to ensure they’re being paid fairly. “The whole purpose of pay transparency laws is to empower the candidates to negotiate,” Seikaly said.
Persons: Jersey —, Phil Murphy, , Sarah Wieselthier, Fisher Phillips, That’s, ” Wieselthier, Gen Z, Zers, Lulu Seikaly, , Payscale, , Wieselthier, ” Seikaly, , Seikaly Organizations: CNN, Locations: Washington, California , Colorado , Connecticut, Hawaii , Illinois, Maryland , Massachusetts, Minnesota , Nevada , New York, Rhode Island , Vermont, Illinois , Massachusetts, Minnesota, Vermont, Jersey, Jersey City , New Jersey, Cincinnati, Toledo, Ohio, New York City, Ithaca, Westchester County, New York State, United States
Builders, meanwhile, are luring buyers with some perks but are barely budging on prices. That's partly because these companies have another place to turn: the rental market. Opportunistic investors — mostly small and midsize players, who own the vast majority of single-family rentals in the country — are happy to oblige. Builders have also started developing entire communities of single-family homes to be rented out rather than sold, a strategy known as build-for-rent. Their embrace of the rental market says more about the obstacles for buyers than for builders.
Persons: homebuilders, John Burns, Keith Hughes, , Horton, Don Mullen, they've, Adam Stern, Sean Morgan, Alex Offutt, Ray Sturm, Sturm, Selma Hepp, It's Organizations: John Burns Research, Consulting, Builders, John, Houston, Owners, SFR, Sun, Dallas, Local, Business Purpose, Offutt Locations: Tampa , Florida, Carolinas, Nashville, Horton
China, perhaps more than most countries, will be bracing for fractious relations ahead with the United States. “It makes sense for Chinese officials to use these big events to try and shape some of the international narratives right now,” said Li Mingjiang, an associate professor of international relations at Singapore’s Nanyang Technological University. “Since there’s not much time before January 2025.”Cargo containers and cranes at Yantian port in southern China's Shenzhen earlier this year. The Chinese leader warned that the two countries “will both benefit from cooperation and lose from confrontation,” according to China’s Foreign Ministry. “Beijing does worry about Trump’s wrath and what he could do to damage China’s interest on a bilateral level,” she said.
Persons: Donald Trump’s, Xi Jinping, Trump, Joe Biden, Xi, Biden, Shigeru Ishiba, Anthony Albanese, Narendra Modi, , Li Mingjiang, there’s, Jade Gao, Mike Waltz, Marco Rubio, He’s, , Liu Dongshu, Modi, Li Qiang, Leon Neal, ’ ”, Yun Sun, Vladimir Putin, Liu Organizations: Hong Kong CNN, APEC, Japanese, Australian, Indian, Singapore’s Nanyang Technological University, , , Getty, Trump, CNN, Foreign Ministry, NATO, US, City University of Hong, Stimson, World Health Organization, Initiative Locations: China, Hong Kong, South America, Europe, East, United States, Beijing, Asia, Pacific, Peru, Brazil, American, China's Shenzhen, AFP, Lima . Beijing, Russia, City University of Hong Kong, Japan, South Korea, Indonesia, Lima, Rio de Janeiro, Washington, South, Taiwan, Ukraine, Paris, America, , Sun, “ Beijing
Trump tapped Elon Musk and Vivek Ramaswamy to co-lead a "Department of Government Efficiency." The US spent $6.75 trillion in fiscal year 2024, with Social Security and health topping the list. The highest amounts of spending came from the Department of Health and Human Services, the Social Security Administration, and the Treasury Department. Over the past year, Social Security accounted for $1.46 trillion of the spending, health accounted for $912 billion, and Medicare came in at $874 billion. Social Security and Medicare are forms of mandatory spending that do not require annual congressional approval and would require legislation to change.
Persons: Trump, Elon Musk, Vivek Ramaswamy, , Donald Trump, Musk, Ramaswamy, Karoline Leavitt, Vance Organizations: Department of Government, US, Social Security, Service, GOP, Trump, Treasury Department, Department of Health, Human Services, Social Security Administration, Social, White, Management, Budget, Education Department, IRS, FBI Locations: Trump, Government
Amazon has rolled out a new storefront featuring apparel, home goods, electronics and other items priced below $20, to fend off growing competition from discount upstarts Temu and Shein. Called "Amazon Haul," the storefront is accessible through the company's mobile app, and promises "crazy low prices" on a plethora of goods. CNBC previously reported that Amazon planned to launch its own discount webstore with goods shipped directly from China. With Amazon Haul, the company is responding to the rise of Temu, Shein and TikTok Shop, which all have ties to China, the world's second-largest economy. Amazon is able to offer low prices through its Haul storefront by importing each item directly from manufacturers in China, similar to how Temu's and Shein's business models operate.
Persons: Dharmesh Mehta, it's Organizations: Shoppers, Amazon, CNBC Locations: China, U.S
Nelson Peltz says postelection market rally won't last
  + stars: | 2024-11-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNelson Peltz says postelection market rally won't lastNelson Peltz, founding partner and CEO at Trian Partners, joins CNBC’s Delivering Alpha 2024 to discuss Trian’s proxy battle with Disney and CEO Bob Iger, his outlook on the consumer and the economy, his vision for the next four years post-presidential election, and more.
Persons: Nelson Peltz, Bob Iger Organizations: Trian Partners, CNBC’s, Disney
Goldman Sachs is a leading investment bank for corporate dealmaking and trading, and its partners represent less than 1% of roughly 46,000 employees. On average, Goldman's newest partners have spent 16 years rising in the ranks, the bank said last week. "It's like a wedding and birthday wrapped up in one amazing moment that you keep reliving," one new partner said. Here's a glimpse inside the big day of nine of Wall Street's up-and-coming executives, including what they did to mark the occasion. Related storiesI happened to be stepping into a meeting with the Arthur Miller Foundation — an amazing nonprofit that supports theater teachers in schools across NYC and beyond — just as John called.
Persons: Goldman Sachs, David Solomon, , revel, John Waldron, Wall, Rob Barlick, Robert Barlick, Goldman Sachs David, It's, that's, Lyla Bibi, Bibi Goldman Sachs, Bracha Cohen, Marco Argenti, I've, Matt Doherty, Matt Doherty Goldman Sachs, David, Kristin Olsen, Marc Nachmann, Shane Lee, Vishaal Rana, Goldman Sachs David Solomon, Aaron Siegel, Aaron Siegel Goldman Sachs, Hayley, Arthur Miller, John, , Craig Smart, Craig Smart Goldman Sachs, Kristin, Marshall Smith, Sylvia Yeh, Sylvia Yeh Goldman Sachs, Reed Alexander Organizations: Partners, Service, Valley Bank, GS, Goldman Sachs Asset Management, Arthur Miller Foundation, Goldman Locations: Valley, Florida, America, New York, New York City, , Goldman Sachs
Watch CNBC's full interview with Rashaun Williams
  + stars: | 2024-11-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Rashaun WilliamsRashaun Williams, venture capitalist and Atlanta Falcons limited partner, joins CNBC's 'Closing Bell' to discuss outlooks on crypto, sports investing, and more.
Persons: Rashaun Williams Rashaun Williams Organizations: Atlanta Falcons
Seoul, South Korea CNN —As countries around the globe prepare for a second Trump presidency, one world leader is teeing up a carefully calibrated diplomatic strategy. In South Korea, President Yoon Suk Yeol “recently began practicing golf again for the first time in eight years, in preparation for ‘golf diplomacy’ with President-elect Trump,” the presidential office told CNN on Tuesday. South Korean President Yoon Suk Yeol delivers a speech in Seongnam, South Korea, on October 1, 2024. Another potential headache for Yoon once Trump is in office is the future of the 28,500 US troops in South Korea. The troops serve as both a means to deter any potential attack from North Korea and to counter China’s aggression.
Persons: Yoon Suk, , Trump, Yoon, Donald Trump, scrutinizing, Japan’s, Shinzo Abe, Kim Hong, Moon Jae, Kim Jong, , , Kim Organizations: South Korea CNN, Trump, CNN, Reuters, South, North Locations: Seoul, South Korea, Trump, Florida , New Jersey, Virginia, Manhattan, Florida, Japan, Seongnam, Korea, North Korea, Russia, Pyongyang, Moscow, Ukraine
The two internet search firms agreed a joint venture, called the European Search Perspective or EUSP, with ownership split 50-50 between both firms. Why build a European search index? Currently, alternative search engines like Ecosia, Qwant and DuckDuckGo don't develop their own back-end infrastructure. The new venture will see them build their own search index from scratch, however, amassing results from a mix of different search engines. Both companies will use the search index themselves but the tech will also be made available to other independent search engines and tech firms.
Persons: Nikolas Kokovlis, Portugal —, it's, Christian Kroll, DuckDuckGo, Bing, Olivier Abecassis, Abecassis, Kroll, Donald Trump, Ecosia's Kroll, ChatGPT Organizations: Nurphoto, Getty, Google, . Big Tech, Microsoft, CNBC, European Union, The, Markets, Big Tech, U.S Locations: LISBON, Portugal, France, Berlin, Paris, Qwant, United States, Russia, Europe, Ukraine
Knowing that Avocado makes some of the best organic mattresses, I turned to the Avocado Eco Organic Mattress Topper, a plush and supportive latex topper that sleeps cool. Avocado Eco Organic Mattress Topper The Avocado Eco Organic Mattress Topper is made from organic latex, and adds both support and comfort to your bed. Rebecca Shinners/Business InsiderThe Avocado Eco Organic Mattress Topper offers customization options for different preferences and sleeping habits. Our review of the Avocado Eco Organic Mattress TopperAdvertisementSetupThe Avocado mattress topper arrives vacuum-sealed and unfurls like a mattress in a box. The standard truly beats competitor latex designs in price, like the two-inch Birch Plush Organic Mattress Topper or Saatva's 1.5-inch latex mattress topper.
Persons: Rebecca Shinners, I'm, I've, Boll, it's, It's, Jaclyn Turner, Topper Organizations: Business, FSC, UL Environment Locations: GOLS, California, New York City, Peruvian
Jane Lu with her parents. Courtesy of Jane Lu. Quitting her corporate job in secretAs Lu realized that she loved running a business, she also began feeling very unhappy in her corporate role. Revealing the secretOver the span of the first two years building Showpo, Lu kept it a secret that she had quit her corporate finance job. "I remember us having half a million dollars sitting in stock, and I was like: 'Okay, worst case scenario, I can sell all of this and start another business,'" Lu said.
Persons: Jane Lu, Lu, Lu didn't, couldn't, Young —, Fat, Jane, I've, I'm, Showpo's, Boye, Showpo, they've Organizations: Showpo, CNBC, KPMG, Ernst Locations: Australia, China, Sydney
Netflix's cheaper, ad-supported tier has reached 70 million global monthly active users two years after it was launched. The company said Tuesday more than 50% of its new sign-ups are for ad-supported plans in countries that offer the option. When Netflix launched its ad platform two years ago, the company said Nielsen would rate its content. Netflix offered its last update on its ad-supported tier in May, when it said it reached 40 million global monthly active users, nearly doubling the figure it had shared in January. Netflix also announced in May it would launch its own advertising platform, ending a partnership with Microsoft for that technology.
Persons: Nielsen, it's Organizations: Netflix, Wall, May, National Football League, FanDuel, Verizon, Media, Microsoft Locations: Madrid, Upfronts, Canada, U.S
My best friend and I both named our daughters Annika. AdvertisementI met my best friend back in 2005 when I ran a Seattle-based indie music website, and she played in my favorite band. A shared bond on the other side of the worldIt's hard to live 6,000 miles away from one of your best friends. AdvertisementBut Saundrah's daughter is tall, has an incredible sense of direction, and wakes up at 5:30 a.m. every day to get homework done. Saundrah's daughter is an extrovert, and mine is an introvert.
Persons: Annika, , Saundrah, Leo, we'd, Nika, Nico Organizations: Service Locations: Seattle, Europe
The Federal Reserve last week dialed back interest rates by a quarter point, bringing its target rate range down to between 4.5% and 4.75%. Give and take In addition to buying CDs directly from a bank, investors can also shop for brokered CDs through their brokerage. Indeed, a client holding a 12-month brokered CD with an APY of 4.65% had their instrument called with six more months to go, he said. The Federal Deposit Insurance Corp. backs bank CDs and savings accounts up to $250,000 per depositor and per ownership category. "The time with the brokered CDs has probably come to an end," he said.
Persons: Banks, Marcus, Goldman Sachs, Malcolm Ethridge, There's, noncallable, Ethridge, They're, Dinon Hughes Organizations: Federal Reserve, Capital Area, Vanguard, Nvest, Capital, Federal Deposit Insurance Corp, Treasury, ., Bond, SEC Locations: BTIG, Washington ,, Portsmouth , New Hampshire, Kennebunk , Maine
The power grab over rare-earth minerals in Central Asia could be among the issues he will seek to exploit. AdvertisementA power struggle over rare-earth mineralsAt stake for the US in Central Asia is not just political power but access to the region's reserves of rare-earth minerals such as uranium, lithium, and tantalum. Rare-earth minerals are needed to make all sorts of products, from F-35 stealth fighters and smartphones to internet fiber-optic cables and MRI machines. It produces around 60% of the world's rare-earth minerals and processes nearly 90%, according to the Center for Strategic and International Studies. "There are rare-earth minerals worth exploring/exploiting, and if the US/EU could strike a major deal with [Kazakhstan's capital] Astana, this would certainly contribute to breaking China's monopoly," said Wolff.
Persons: Donald Trump, , Vladimir Putin, Xi Jinping, Xi, Putin, he'd, Wilder Alejandro Sánchez, ALEXANDER RYUMIN, Emmanuel Macron, Olaf Scholz, John Herbst, Stefan Wolff, Wolff, Herbst, Trump Organizations: Service, Putin, The Republican, Biden, Getty Images, Center for Strategic, International Studies, University of Birmingham, BI, Trump, EU, Astana, Central Asia Summit, Getty Images Central, Central, China Locations: Russia, China, Central Asia, Mongolia, Saudi, Getty Images China, Kazakhstan, Uzbekistan, Xian, Shaanxi, FLORENCE, Ukraine, Soviet Union, Washington, Moscow, Beijing
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In the 1980s, you still needed grounds for divorce, and hearing about the details of a marriage breakdown felt sexy and salacious. I've helped celebrities like Tom Cruise, Michael Douglas, and Wendy Williams get divorced and worked with billionaires whose divorces were in the headlines. My personal life seems like an oxymoron: I've been happily married to my husband, Piero, for 38 years. From building a life with Piero to helping clients divorce, I've seen marriage at its best and worst.
Persons: Marilyn Chinitz, She's, , Blank, I've, Tom Cruise, Michael Douglas, Wendy Williams, Piero, you'll, fiancé, wouldn't, Postnups Organizations: Service Locations: London, Stockholm
Representatives for Trump’s transition team and the FTC didn’t respond to requests for comment. Wall Street, which has been on a tear since Trump’s decisive victory last week, appears to be ready to turn the page on the Khan era. Similarly, the FTC has gone after Big Tech, Big Pharma and even Big Mattress in the name of keeping competition robust. To them, Khan and her DOJ partner in trustbusting, Jonathan Kanter, represent a threat to the bottom line. Since last week’s election, both Kroger and Albertsons shares have risen sharply as investors anticipate the deal would face little resistance under Trump’s FTC.
Persons: CNN Business ’, New York CNN — Lina Khan’s, Donald Trump, Khan, she’s, Lina Khan, Jennifer Rie, kowtow, Jonathan Kanter, Elon Musk, Trump, ” Barry Diller, , , Republican “ Khanservative, JD Vance, Gail Slater, Vance, , David Kostin, Goldman Sachs, Kostin, Donald Trump’s, Brian Gardner, ” Gardner, Susie Wiles Organizations: CNN Business, New York CNN, Federal Trade Commission, FTC, Republican, Bloomberg Intelligence, CNN, Justice, Albertsons, Big Tech, Big Pharma, IAC, Democratic, Bloomberg, Kroger, Trump’s FTC, Goldman Sachs ’, White, Trump, Federal Reserve Locations: New York, it’s, trustbusting, Washington
Apple announced a feature to share AirTag tracking info with third parties, like airlines. The feature, "Share Item Location," is expected to launch with iOS 18.2 in December. AdvertisementApple's newest AirTag feature is expected to make finding lost luggage a little easier for frequent fliers. However, Share Item Location is now available in the public beta for iOS 18.2. Additionally, air transport tech company SITA will also integrate Share Item Location into its baggage-tracking system.
Persons: , Apple, it's, David Kinzelman Organizations: Apple, Service, iOS, Apple Intelligence, Delta Air Lines, United, British Airways, Air Canada Locations: Delta
Canadian Labor Minister Steven MacKinnon has invoked federal powers to end work stoppages at the ports of Vancouver, Prince Rupert and Montreal, ordering binding and final arbitration between labor unions and ports ownership. Strike actions by unions and ports ownership lockouts had hit both coasts of the key U.S. northern trade partner. "The lockouts of the Canadian ports were causing ships to divert and contributing to congestion and delays throughout North America. Under section 107 of the Canada Labor Code, the Labor Minister can order binding arbitration to end labor disputes. Existing collective agreements will remain in place pending a new deal being reached between dockworker unions and the ports.
Persons: Steven MacKinnon, Vancouver , Prince Rupert, Prince Rupert, Vancouver and Prince Rupert, Stephen Lamar, Lamar, MacKinnon, Mackinnon Organizations: Canadian Labor, Canadian, Retail Council, Canada, CNBC, Local, U.S . Department of Transportation, American Apparel & Footwear Association, U.S . West Coast, Canada Labor, Labor, Canadian Pacific Kansas City, Canadian National Railway Co, Canada Industrial Relations Locations: Vancouver, Montreal, U.S, United States, Canada, North America
I think their actions don't say the same thing," he told Fortune. Chesky, who inspired the term "founder mode," says those seeking autonomy should be entrepreneurs. The Airbnb CEO recently spoke with Fortune about the "founder mode" model of leadership. But I don't think people for the most part want to be disintegrated. AdvertisementHe said that his operating in founder mode "flies in the face of everything we're taught about modern leadership."
Persons: Fortune, Chesky, , Brian Chesky doesn't, Paul Graham, Graham, Airbnb, he'd, they're, we're, Steve Jobs, Walt Disney, Jensen Huang, Elon Musk Organizations: Service Locations: America
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRashaun Williams: Crypto fundamentals will 'outstripe' technicals as mainstream adoption occursRashaun Williams, venture capitalist and Atlanta Falcons limited partner, joins CNBC's 'Closing Bell' to discuss outlooks on crypto, sports investing, and more.
Persons: Rashaun Williams Organizations: Atlanta Falcons
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