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"Everyone is coming to the table because of President Trump," said Florida Rep. Mike Waltz. Donald Trump's team has claimed credit for the cease-fire deal between Israel and Hezbollah, which took effect in Lebanon on Wednesday morning. Mike Waltz, the President-elect's national security advisor, posted on X that "everyone is coming to the table because of President Trump." AdvertisementAccording to the Associated Press, a senior Biden administration official said that Trump's team was kept informed about negotiations as they unfolded. The official added that the incoming Trump team was not directly involved in the talks.
Persons: President Trump, Mike Waltz, Trump, Donald Trump's, Joe Biden, Richard Goldberg, Goldberg, Benjamin Netanyahu, Biden, Vance, Marco Rubio, Pete Hegseth, Tulsi Gabbard, John Ratcliffe Organizations: Israel, Florida, Lebanese, Associated Press, Biden, Trump, Washington, Foundation, Defense of Democracies, AP, The Times, World Bank Group, Business, White Locations: Gaza, Israel, Lebanon, Iran
As families gather for Thanksgiving this year, money is one topic that likely won't be discussed. Yet experts say it's a perfect time to start the conversation, particularly with aging parents. More than half of Americans — 56% — say their parents never discussed money with them, according to a recent Fidelity survey of 1,900 adults ages 18 and up. For the wealth they do have, most Americans say they accumulated it on their own, with 80% identifying as self-made and only 5% saying they inherited it, Fidelity found. 1 sign of successYet experts say that not having a plan in place can leave individuals and their families vulnerable when unexpected events happen.
Persons: , David Peterson, Peterson, Warren Buffett, MaryAnne Gucciardi, Gucciardi, there's Organizations: Fidelity, Finance Locations: Cambridge , Massachusetts
Still, the best cashmere sweaters can set you back hundreds of dollars a piece, so we recommend taking advantage of seasonal discounted pricing. The best Black Friday cashmere dealsAmicale Cashmere Hoodie $134.99 $350.00 Save 61% Upgrade your hoodie with this 100% cashmere pullover available in four hues. View at Saks Off FifthFAQs on Black Friday cashmere dealsIs Black Friday a good time to shop for cashmere? Black Friday is one of the best times to shop for cashmere since discounts can reach upwards of 50% on luxury items. Check out our roundup of all of the best Black Friday deals.
Persons: Gabrielle Chase, There's Organizations: Business, Saks Locations: TURKEY
Seven years later, she expanded the business and opened New Station Rice Bar. Located in Fortune Centre, an old mall in central Singapore, her shop is a 10-minute drive from her parent's restaurant. Related storiesThe lessons she learned were proven rightAlmost 10 months since she opened the 500-square-foot restaurant, New Station Rice Bar has seen a steady flow of customers. But the most popular dish is salted egg chicken rice — also a bestseller at her parents' restaurant. Tan said New Station Rice Bar sees fewer customers during off-peak hours and when it rains.
Persons: Chloe Tan, Tan, Erin Liam Initially, didn't, it's, Wing, She's, It's, Erin Liam Tan Jun Hong, Cherry Tan, Iszahar Tambunan, Oon Seok Sim, she's, she'll, Erin Liam Tan Organizations: New, Rice, Rice Bar, BI, Singapore Airlines Locations: Austin , Texas, Singapore, Fortune, Hong Kong
Bitcoin on Wednesday climbed back above $95,000, recovering slightly from a pullback this week that knocked it from record levels. The broader crypto market, as measured by the CoinDesk 20 index, gained 5%. Although bitcoin is widely viewed as a store of value and a digital alternative to gold, the cryptocurrency often trades in tandem with the stock market. "The bitcoin bull market has legs," Alex Thorn, head of firmwide research at Galaxy Digital, said in a report Wednesday. Bitcoin is up 124% for the year and is still widely expected to reach the $100,000 milestone before the year is over.
Persons: Bitcoin, cryptocurrency, bitcoin, Coinbase, Trump, Alex Thorn, Biden, Katie Stockton, CNBC's, Organizations: Wednesday, Metrics, Nasdaq, Dow Jones Industrial, Galaxy Digital Locations: U.S
Neither child plans on having any kids of their own. In fact, the older one is so sure about not having kids that she scheduled herself for surgical sterilization. AdvertisementI actually never gave much thought to the idea of being — or not being — a grandmother in the past. As it became clear it was not a phase, that neither of them would be having kids in the future, I still didn't have strong feelings. It sounds like we'll have a lot of free time on our hands to do whatever we want to do.
Persons: I'm, it's, Jonathan Vespa, nope Locations: United States, Japan, France, Italy, South Korea
AdvertisementDespite the democratization of music in the streaming era, it's still very expensive to record an album. Although many artists are forgoing record labels, it's nearly impossible to become a superstar without one. When I did my album, I don't even know how much the producers got paid — it just was done," Chinouriri says. Advertisement"I don't know how I'd be able to do all of this and then have to think of the cost," Chinouriri adds. "I don't know how Raye does it, I don't know how Tinashe does it.
Persons: it's, yearn, Raye, Tinashe, Lizzie Widhelm, You've, there's, Donald Passman, everybody's, They'll, Passman, Long, Derek White, who's, Rihanna, Kelly Clarkson, Alexis, Rachel Chinouriri, would've, Chinouriri, I've, she's, I'd, Tinashe's, they've, Solitro Organizations: Music, Spotify, The Recording Academy Muni, Fifth Harmony, Apple, Parlophone, Atlas Artists, Polydor, RCA Locations: Atlanta, London
AdvertisementMarc Andreessen discussed Elon Musk and the Department of Government Efficiency on Joe Rogan's podcast. Cut, baby, cut, Marc Andreessen says of Elon Musk's DOGE cost-reduction effort. "It is time to carve this government back in size and scope," the Silicon Valley investor said during a recent appearance on Joe Rogan's podcast. The VC specifically referenced a text exchange that Musk sent then-CEO Parag Agrawal shortly after being appointed to Twitter's board. "Imagine that statement being applied to the government," Andreessen said, referencing Musk's "What did you get done this week?"
Persons: Marc Andreessen, Elon Musk, Joe Rogan's, Elon, Andreessen, Andreessen Horowitz, Ben Horowitz, Sen, Elizabeth Warren, Rogan, Musk, Parag Agrawal, Agrawal, Jack Dorsey, … — Organizations: Department of, SEC, FTC, Elon Musk's, Musk's Department, Government, Securities Exchange Commission, Federal Trade Commission, Federal Aviation Administration, Consumer Financial Protection Bureau, Republican Party, Twitter, Big Tech Locations: Silicon
In today's big story, the world reacts to Donald Trump's latest trade plans , which could be a massive negotiation tactic . Michael M. Santiago/Getty ImagesThe man who dubbed himself a master negotiator is upending the global trade market with his latest tactic. AdvertisementThe world is reacting to President-elect Donald Trump's new trade proposals targeting China, Mexico, and Canada. There's a lot to unpack, so let's break it down:So, Trump finally gave us an update on his tariff plans. He's telegraphed his plans for hammering Chinese imports, but a 25% tax on Canadian and Mexican goods was a shock.
Persons: Donald Trump's, Trump, Michael M, He's, Will, Justin Trudeau, Claudia Sheinbaum's, Jenny Chang, Rodriguez, Goldman, Scott Wren, Wells Fargo's, They've, Elon Musk's, Omead Afshar, Afshar, Prince Williams, Bill Clark, Astrida Valigorsky, Alyssa Powell, Kendrick Lamar, Drake, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Affordable, Canadian, Trump, US, Companies, Getty, JPMorgan, Deutsche Bank, BI, Tesla, North, Spotify, Universal Music, Wall Street Locations: China, Russia, Mexico, Canada, Canada's, East, New York, Chicago, London
AdvertisementMusk and Ramaswamy have plans for the DOGE, and Workday sees an opportunity. Workday aims to capitalize on federal agencies' shift from on-premises to cloud systems, its CEO said. Workday, the human resources software company that workers love to hate, is embedded in more than half of Fortune 500 companies. The $72 billion company has been building up its government customer base, from Oklahoma's Tulsa County to the US Department of Energy. On Workday's Tuesday earnings call, CEO Carl Eschenbach addressed an analyst's question about how DOGE could impact Workday's business.
Persons: Ramaswamy, Elon Musk, Vivek Ramaswamy, Donald Trump, Carl Eschenbach, Eschenbach, what's, it's Organizations: DOGE, Fortune, US Department of Energy, Ramaswamy's Department, Government, Companies, Department of Energy, Defense Intelligence Agency, Corporation for Public Broadcasting Locations: Oklahoma's Tulsa County
CNBC's Jim Cramer on Tuesday defended his stance on cryptocurrency, saying he endorses owning some as a hedge against government spending and a ballooning deficit, as "national debt worries are never going to go away." Some on Wall Street believe that due to cryptocurrency's fixed supply, it will be a solid asset in the event that continued excessive federal spending — and a widening U.S. national debt — devalues the dollar. However, he acknowledged that cryptocurrency is also fairly new and doesn't yet have a proven track record. Cramer expressed skepticism that the government will be able to solve the debt issue any time soon. "I think bitcoin, ethereum and maybe even some other cryptocurrencies deserve a spot in your portfolio, too," Cramer said.
Persons: CNBC's Jim Cramer, I've, , Cramer, cryptocurrency
The Tax Cuts and Jobs Act, which went into effect in 2018, overhauled the federal tax code. The legislation roughly doubled the standard deduction, tweaked the individual income tax brackets and trimmed rates. It also applied a $10,000 cap on the state and local tax deduction, and it nearly doubled the estate tax exemption. Prepping for 2025 Investors can set up their portfolios for success heading into 2025, especially now that they still have some certainty on the tax climate for next year. Eligible IRA owners can exclude up to $105,000 in QCDs from their taxable income in 2024.
Persons: Donald Trump, Stephen Bigge, Rafia Hasan, you've, Hasan, Rachel Elson, it's Organizations: Republican, Keebler, Associates, Senate, Perigon Wealth Management, Internal Revenue, Moderna, Intel, that's Locations: Washington, Green Bay , Wisconsin, San Francisco, QCDs
By corporate America's (sometimes dubious) telling, AI is basically the answer to everything, including customer service. A recent Gartner survey found that nearly two-thirds of customers prefer that companies don't use AI for customer service. Related storiesEven setting aside the cost savings for companies, there are clear reasons that AI should be a good fit for customer service. "We know that there are certain aspects of customer service that AI is doing well. What's more, if every company has a mediocre AI experience, the bar might just be lowered across the board.
Persons: I've, I'm, It's, it's, Karen, I'd, Michelle Schroeder, don't, Michelle Kinch, that's, aren't, Keith McIntosh, They're, they're, Kinch, Jason Maynard, Chris Filly, Maynard, Jeff Gallino, Rodney Zemmel, they'll, , Gallino, Schroeder, We've, Emily Stewart Organizations: Corporations, Dartmouth's Tuck School of Business, Gartner, Companies, Asia Pacific, FedEx, Fortune, Santander, Siemens, McKinsey, Delta, Filly, Alexa, Business Locations: North America, Asia, Zendesk, Callvu, PolyAI
AdvertisementFormula 1 kicked off the trend in 2006 after allowing private equity firm CVC Capital Partners to purchase it. Then, in 2021, the NBA allowed private equity to own up to 20% of franchises. For example, the value of Major League Soccer (MLS) was up by 1,565%, or almost five times the index. "You've seen many large private equity firms participating in that space over the past five years or longer, and that certainly has seen significant valuation growth. Below is a table from JPMorgan's 2025 outlook report showing private equity funds planned investment themes.
Persons: David Tepper, Steve Cohen, Jay Serpe, Ted Yarbrough, Serpe, You've, JP Morgan, Yarbrough Organizations: Sports, Carolina Panthers, New York Mets, Capital Partners, NBA, JPMorgan Private Bank, Major League Soccer
London-based hedge fund Granular Capital has revealed a renewed interest Borr Drilling , saying the offshore drilling company's shares could increase by up to 300% or 400%. The hedge fund's thesis centers on Borr's fleet of 24 modern jack-up rigs – specialized vessels used to maintain oil and gas production in shallow waters. Additionally, about one-third of the global jack-up fleet is approaching or has exceeded retirement age, suggesting a likely decrease in available equipment going forward. Singapore, which previously constructed 50% of global jackup rigs, has largely converted its manufacturing capacity to other uses. This week, Seatrium signed an agreement with India's Cochin Shipyard to build jack-up rigs, potentially at a lower cost in the future.
Persons: Thiago Mordehachvili, there's, Mordehachvili, Tor Olav Trøim, Sebastian Grindheim, Borr, Truls Olsen, Evercore, Jason, Granular's Mordehachvili, Seatrium Organizations: Borr, Sohn Conference, NYSE, Arctic Securities, Exxon Mobil, Valeura Energy, Fieldwood Energy, FactSet, Fearnley Securities, CNBC Pro, Keppel Offshore, India's, Shipyard Locations: Norway, Saudi Aramco, Malaysia, Thailand, Mexico, Mordehachvili, Singapore
U.S. President-elect Donald Trump at a viewing of a test-flight launch of the SpaceX Starship rocket in Brownsville, Texas, Nov. 19, 2024. Brandon Bell | Getty Images News | Getty ImagesAs Inauguration Day nears, investors are trying to unravel what booms or busts lay ahead under President-elect Donald Trump. Yet the energy sector climbed 22.9% under Biden as of Nov. 19, despite the administration's push for renewables and sustainability. As president, Trump is expected to embrace crypto more than any of his predecessors. When Biden won in 2020, there was a lot of panic about the outlook for energy, oil and gas.
Persons: Donald Trump, Brandon Bell, Jeremy Goldberg, Goldberg, Larry Adam, Raymond James, Trump, Adam, Biden, Monty Rakusen, John Murphy, Murphy, Callie Cox, Cox, Greg Iacurci Banks, Jamie Dimon, Andrew Harrer, Brian Spinelli, Halbert Hargrove, Spinelli, David Rea, Lorie Konish, Bill Varie, , — Greg Iacurci Crypto, Kevin Wurm, Matt Apkarian, Apkarian, Christina Lynn, there's, Lynn, — Lorie Konish, Cooper Neill, Joe Biden, Mike Cerasoli, Cerasoli, you'll, — Lorie, Images Trump, Robert F, Kennedy Jr, bode, David Weinstein, Weinstein, Chris Unger, Charles, Vivek Ramaswamy, Greg Iacurci, Thomas Barwick, Ted Decker, Decker, TJ Maxx, Lorraine Hutchinson, — Greg Iacurci, Donald J Organizations: SpaceX, Getty, Trump, Professional Advisory Services, Digitalvision, EV, Biden, Bank of America Securities, Ford, Ritholtz Wealth Management, U.S . Federal, JPMorgan Chase &, White, Bloomberg, CNBC, Salem Investment, Bank, — Greg Iacurci Crypto Republican, Reuters, bitcoin, Liberty Financial, Cerulli Associates, Mariner Wealth, — Lorie Konish Energy, Double Eagle Energy Holdings LLC, Eagle Global Advisors, Images, Department of Health, Human Services, RFK, U.S . Senate, Merck, Pfizer, Dana Investment, Affordable, Publicly, HCA Healthcare, UFC, Madison, Garden, Ufc, Medical, Charles River Laboratories, Food and Drug Administration, of Government, Retailers, Walmart, Marshalls, Google, Twitter, Trump National Golf Club, Washington Post Locations: Brownsville , Texas, California, U.S, Iran, Venezuela, Washington, Long Beach, Calif, Salem, Winston, Salem , North Carolina, Ritholtz, Nashville , Tennessee, cryptocurrency, Lynn, Midland , Texas, Houston, New York, China, North America, HomeGoods, Bedminster , NJ, Jabin
Several new "matchmaking" dating apps have launched in the past year, addressing dating-app fatigue. Matching and matches are everyday phrases in the online dating app lexicon. Sitch, an AI-powered matchmaking app launched in New York in November. Big dating apps have previously dabbled in matchmaking. 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
Many older Americans say monthly Social Security checks aren't enough to pay their bills. Pamela Shields is one of many older Americans who "unretired" because she couldn't live solely off her Social Security checks. Shields lives in Fort Worth, Texas, on her $1,470 monthly Social Security payments. Business Insider talked with more than 50 baby boomers who primarily rely on their monthly Social Security checks to get by, and many said that wasn't enough to cover essentials. AdvertisementShe unretired when she realized her monthly Social Security payments wouldn't be enough to support herself or her family.
Persons: Pamela Shields, Shields, she'd, she's, you'd, She's, she'll, I'm Organizations: Security, LinkedIn, Social, Business, Social Security, AARP, University of Chicago's Locations: Fort Worth , Texas
She usually shopped at Publix, but in 2021, when inflation was sending grocery prices soaring, her curiosity got the better of her. AdvertisementAs grocery prices have jumped by double digits over the past few years, people have felt the sting. So how did a German grocery chain find such a ravenous following in America? For comparison, about 20% of groceries sold in the US last year were store brands, according to the Food Marketing Institute. He expects to see even more Aldi stores opening.
Persons: Julie Herron, Herron, Theo, Karl Albrecht, Aldi, wasn't, Oscar Mayer, Gen Z, Scott Patton, Patton, Joe's, there's, Phil Lempert, She's, Lempert, it's, Dunnhumby, Zak Stambor, I'm, Trump, Jason Hart, they'll, Alex Bitter Organizations: Aldi, Kroger, Foods, Iowa City, Employees, Bank of America, Food Marketing Institute, Aldi USA, Costco, Facebook, Southeastern Grocers, Winn, EMARKETER, Business, Walmart Locations: Nashville, Aldi, Euromonitor, America, Germany, Iowa City , Iowa, Charlotte , North Carolina, Wisconsin, Florida, Washington and Colorado, Illinois
Agility Robotics is hoping to deploy them across industries like grocery, automotive, and pharma. AdvertisementDigit is Agility Robotics' mobile manipulation humanoid robot. It competes with the likes of Apptronik, which is working with NASA on humanoid robots, and Boston Dynamics, which has created humanoid robots called Atlas that it says can run and jump over obstacles, as well as perform factory-worker tasks. Agility Robotics' humanoid robots are permitted to work only inside a specific, cordoned-off space separate from human workers. Agility Robotics takes a similarly cautious approach to its application of artificial intelligence, which is deep in the hype stage.
Persons: Peggy Johnson, it'd, Johnson, GXO, Ford, , ChatGPT, doesn't Organizations: Robotics, pharma, Silicon, Agility Robotics, Deloitte, Bureau of Labor Statistics, Digit, GXO Logistics, Mobile, Ford Amazon, Agility, NASA, Boston Dynamics, Gallup, Microsoft, Qualcomm Locations: Lisbon
In 2022, the typical renter in the U.S. had a median net worth of $10,400, according to a new report by the Aspen Institute. Renters generally go through financial challenges like lower income, higher debt, fewer savings balances and lower rates of asset ownership, the report noted. Across income levels, renters are less likely than homeowners to own assets including cars, retirement accounts and securities, among others, the report found. Here are some of the financial challenges renter households face by income, according to the Aspen Institute, and ways they can build wealth. watch nowA hypothetical family in this category "first needs financial stability to meet the precondition for wealth building," the Aspen report notes.
Persons: That's, Janneke Ratcliffe, Ratcliffe, Clifford Cornell, Cornell, Shaun Williams, Williams Organizations: Aspen Institute, Finance, Urban Institute, Paragon Capital Management Locations: U.S, Washington ,, New York City, Denver
"When I first tested it myself, I was absolutely floored, because the draft report was incredibly accurate. "If the police officer is going to rely on artificial intelligence [to draft the report], that report should be reviewed," said New York trial attorney David Schwartz. Axon competitors Truleo and 365 Labs are positioning their AI tools as quality-focused aids for officers rather than time savers. Still, she says "I don't think the genie is going back into the bottle. Schwartz believes that while AI reports could be admissible, they open the door for intense cross-examination.
Persons: Fort, Rick Smith, Robert Younger, Stephanie Pitcher, Parker, McConkie, David Schwartz, Smith, Keith Olsen, , Olsen, Anthony Tassone, 365Labs, Mohit, Cassandra Burke Robertson, Schwartz, it's, Adam Rosenblum, Sergeant Younger, Fort Collins, I've, that's Organizations: East Palo, Fort Collins Police Department, it's, New York, Center, Case Western Reserve University School of Law, Fort Locations: Fort Collins , Colorado, Lafayette , Indiana, East, East Palo Alto , California, Utah, York, New Jersey
Popular weight-loss drugs shouldn't keep you from enjoying the holidays, according to a doctor. GLP-1 medications like semaglutide (sold as Ozempic and Wegovy) and tirzepatide (Mounjaro and Zepbound) have been a game-changer for weight management in recent years. To stay on track and enjoy the season, avoid these misunderstandings about GLP-1 medications that arise around food-related holidays. Don't feel like you're going to miss out on holiday funTaking a GLP-1 over the holidays won't prevent you from enjoying the festivities. It doesn't mean that you're not going to want to eat turkey and the foods you'll have over the holidays.
Persons: shouldn't, Ozempic, Caroline Apovian, Apovian, it's Organizations: Center, Weight Management, Wellness, Brigham, Women's Locations: GLP
AdvertisementAgility Robotics CEO Peggy Johnson says humanoid robots are filling some labor gaps. AdvertisementDigit is Agility Robotics' mobile manipulation humanoid robot. It competes with the likes of Apptronik, which is working with NASA on humanoid robots, and Boston Dynamics, which has created humanoid robots called Atlas that it says can run and jump over obstacles, as well as perform factory worker tasks. Agility Robotics' humanoid robots are currently only permitted to work inside a specific, cordoned-off space separate from human workers. Agility Robotics takes a similarly cautious approach to its application of artificial intelligence, which is deep in the hype stage.
Persons: Peggy Johnson, it'll, Johnson, GXO, Ford, , Optimus, ChatGPT, doesn't Organizations: Robotics, pharma, Silicon, Agility Robotics, Business, Deloitte, Bureau of Labor Statistics, Digit, GXO Logistics, Mobile, Ford Amazon, Agility, NASA, Boston Dynamics, Gallup, Microsoft, Qualcomm Locations: Lisbon, Portugal
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
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