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☆ When to quit working, take Social Security, and focus on yourself: Older Americans share their regrets about navigating retirement.
▼ + stars: | 2024-11-28 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +10 min

Many had regrets about retiring too early, taking Social Security prematurely, and draining savings. Regrets included retiring too early, taking Social Security benefits prematurely, and draining retirement savings too quickly. Kathleen RuddAt 62, she retired from a job paying almost $60,000 a year and opted to take Social Security early. Cashing out Social Security too fastSharon, 77, took Social Security too early, prompting her to unretire to cover expenses. Advertisement"If only someone had just said, do not take Social Security early, do not invest your money this way," Sharon said.

Persons: boomer, they've, Kathleen Rudd, Rudd, wasn't, David John, John, Misty Miller, Miller, it's, Sharon, Cindy Kohli, Kohli, reprioritize Organizations: Social, Social Security, AARP, Security, Social Security Disability Insurance, Veterans Affairs Locations: Colorado, Sacramento, Atlanta, Arizona

☆ Read a VC firm's advice for founders about how to use AI
▼ + stars: | 2024-11-28 | by ( Melia Russell | ) www.businessinsider.com time to read: +10 min

AdvertisementIt's still a good time to embrace the AI revolution, according to VC firm Insight Partners. A recent Insight survey showed that 72% of its portfolio companies are using AI in their workflows. AdvertisementA recent survey by Insight showed that 72% of its portfolio companies are using AI, with 36% of them allocating new budgets specifically for these initiatives. Related storiesFocus on leveraging emerging AI technologiesThe idea of incorporating generative AI (GenAI) into companies can be daunting but it also has the potential to impact every function of a business. In a recent portfolio company survey, we found that 72% of portfolio companies are using Artificial Intelligence, with 36% of those companies creating a net new budget for those initiatives.

Persons: It's, you've, – Organizations: Insight Partners, Business, Insight, Wiz

☆ Amazon is hedging its big bet on Anthropic with its own AI video model, report says
▼ + stars: | 2024-11-28 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

AdvertisementAmazon is developing a new AI model called Olympus for video analysis, The Information reported. Amazon-backed Anthropic has already launched its own multimodal model for images and videos. Amazon may have doubled down on its investment in Anthropic, but it also appears to be hedging its AI bets by developing its own model that can process images and video in addition to text. The tech giant's new model, code-named Olympus, could help customers search video archives for specific scenes, The Information reported. The development and launch of Olympus could reduce Amazon's dependency on Anthropic for multimodal AI, especially if the new video model becomes as a cheaper alternative.

Persons: Anthropic, chatbot Claude Organizations: Anthropic, Olympus, AWS, Web Service, Big Tech Locations: Anthropic

☆ 36-year-old quit 6-figure Wall Street job—now he earns $1,000 an hour working from home as a tutor: 'More fulfilling than I ever could have imagined'
▼ + stars: | 2024-11-28 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

When Steve Menking started working on Wall Street in his early 20s, he thought he found a career for life. Instead, shortly after his 25th birthday, Menking jokes that he had a "quarter-life crisis" while working as an equities trader at SMB Capital. In 2023, Menking earned more than $500,000 through private tutoring, a number he's on track to match in 2024. "It's been better and more fulfilling than I ever could have imagined," he says. Here's how Menking left finance for a career in education — and found a job that pays six figures and allows him to work from home.

Persons: Steve Menking, Menking, He's, It's Organizations: SMB, CNBC, Education Locations: Connecticut, New York, —

☆ 6 charts show why Gen X is so bummed about money right now
▼ + stars: | 2024-11-28 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

AdvertisementAs many Americans struggle with a high cost of living, Gen X is in a particularly tight spot. Gen X has the highest income of all but also the highest debt. As a Bank of America Institute research note said, Gen X has seen its discretionary spending drop the most of all generations. The analysis attributed that, in part, to Gen Xers trying to sock away more for retirement and investing more. AdvertisementBut as Bank of America notes, Gen X is in the "sandwich" phase of life: Some are juggling supporting adult children and older relatives.

Persons: X, Gen X, Xers —, they're, Xers, Gen Xers, I'm, Wendy Graham, Barbara Lose, Graham, who's, Xer Organizations: Federal Reserve Bank of Philadelphia, Philadelphia Fed, Bank of America Institute, of Labor Statistics, Bank of America, University of Michigan's Locations: Philadelphia, Florida

Learn moreAmong the most-anticipated Black Friday beauty sales of 2024, Fenty Beauty by Rihanna tops our list. View at Fenty What we like Check mark icon A check mark. View at Fenty What we like Check mark icon A check mark. View at Fenty What we like Check mark icon A check mark. The Fenty Black Friday sale started on Wednesday, November 27, and will continue through Cyber Monday, December 2.

Persons: Rihanna, Beauty's, shea Organizations: Business, Fenty

☆ Tariffs and sanctions could disrupt the tech supply chain. Here's how to derisk it.
▼ + stars: | 2024-11-28 | by ( Monica Melton | ) www.businessinsider.com time to read: +5 min

China's dominance in rare earth minerals poses risks to tech supply chains. AdvertisementFriend shoring to alliesFriend shoring, or moving supply chain, manufacturing, and operations to non-adversarial countries to have continuity, is one step to derisking tech's supply chain. Related storiesCreate redundancy in manufacturingTo derisk the supply chain, create redundancy. Regulation of the supply chain may increase, but tech companies and their suppliers could find solutions in data. "Technology cannot do it unto itself, because you can only rely on the data you can get to understand the whole length of the supply chain.

Persons: Megan Reiss, Reiss, they're, Trump's, shoring, Friend shoring, Trump Organizations: China . Department of, U.S . Department of Locations: North Korea, China, Mexico, Canada, U.S, Malaysia, Estonia, Japan

☆ As many as one in 10 coders are 'ghost engineers,' Stanford researcher says, lurking online and doing no work
▼ + stars: | 2024-11-28 | by ( Katherine Long | ) www.businessinsider.com time to read: +5 min

His research, which hasn't been peer-reviewed, found that about 9.5% of coders were "ghost engineers.' AdvertisementMeasuring output is difficultDenisov-Blanch calls these workers "ghost engineers," defined as software engineers who are only 10% as productive or less than their median colleague. More remote workers were superstar codersMusk now aims to apply that same ruthless efficiency to the federal government. On one hand, he found that the prevalence of "ghost engineers" among remote workers was more than double that among in-person workers. But he also found that many more of the most effective engineers — employees whose performance was at least five times better than their median colleague — were working remotely.

Persons: hasn't, Yegor, Blanch, Paul Graham, Graham, Elon Musk, nobody's, coders Musk, Musk, — Organizations: Stanford, Business, Software, Twitter, CNN, of Government Locations: Silicon Valley

☆ 15 travel destinations so overrun with tourists that you may not want to visit, according to travel guide Fodor's
▼ + stars: | 2024-11-28 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +2 min

The 2025 "No List" from Fodor's highlights destinations under unsustainable tourism pressures. The company's 2025 "No List" includes destinations that have long had problems managing tourism levels, as well as newer ones or places where the situation is expected to worsen. "The No List serves to highlight destinations where tourism is placing unsustainable pressures on the land and local communities. For busy destinations, they recommended trying to visit during the off or shoulder seasons. They also stressed the importance of being responsible tourists and respecting all local laws.

Persons: Fodor's

☆ Blackstone's Steve Schwarzman was a trade negotiator for Donald Trump's first term. Here's what it took to get the president to a deal.
▼ + stars: | 2024-11-28 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +3 min

Blackstone's Steve Schwarzman was a trade negotiator for Trump during his first term. In his book, he sheds light on what it took to get Trump, Trudeau, and others to the negotiating table. In an effort to gain insight into how Trump's tariff agenda might play out, Business Insider turned to Blackstone cofounder and CEO Steve Schwarzman, who served as a behind-the-scenes trade negotiator for the Trump White House during his first term. AdvertisementIn the book, he said he was tapped as a trade negotiator because he had the trust of members of Trump's inner circle and connections to foreign leaders like China's Xi Jinping. Schwarzman, who declined an official role with the first Trump White House, declined to comment on whether he has been asked to advise Trump in his second term in office.

Persons: Donald Trump, Steve Schwarzman, Trump, Trudeau, Simon, Simon & Schuster, Schwarzman, Xi, Justin Trudeau, George H.W, Bush, Barack Obama, George H Organizations: Trump, Business, Blackstone, Trump White House, Simon &, Canadian, Republican Locations: Canada, China, Mexico, Washington

☆ Mark Zuckerberg reportedly met with Trump at Mar-a-Lago
▼ + stars: | 2024-11-28 | by ( Kelsey Vlamis | Erin Snodgrass | ) www.businessinsider.com time to read: +1 min

AdvertisementMark Zuckerberg met with President-elect Donald Trump at Mar-a-Lago in Florida, the NYT reported. Trump and Zuckerberg, who did not endorse a candidate for president, have had a rocky relationship. Mark Zuckerberg became the latest tech CEO to meet with President-elect Donald Trump. The New York Times reported the Meta CEO met with Trump at the latter's Mar-a-Lago resort in Florida on Wednesday, citing two sources briefed on the meeting. Advertisement"Congratulations to President Trump on a decisive victory.

Persons: Mark Zuckerberg, Donald Trump, Trump, Zuckerberg Organizations: Mar, The New York Times, Meta, Trump, Business Locations: Lago, Florida

☆ DOGE: How far could Elon Musk and Vivek Ramaswamy go to cut federal regulations?
▼ + stars: | 2024-11-28 | by ( Tami Luhby | ) edition.cnn.com time to read: +6 min

CNN —Elon Musk and Vivek Ramaswamy intend to lean on two recent Supreme Court rulings that they argue will make it easier to tear up a multitude of federal regulations. However, multiple legal and regulatory experts told CNN that Musk and Ramaswamy are misinterpreting the decisions, which could actually make it harder to overturn existing rules. Slashing needed workersWhat’s more, the endeavor would require a lot of assistance from agency staffers – the very workers that Musk and Ramaswamy have promised to cut. For instance, in a town hall on X last month, Musk repeatedly criticized government regulations, citing their interference with his companies. “It’s quite arduous getting regulatory approval,” Musk said while discussing his Neuralink startup that develops implantable brain-computer interfaces.

Persons: CNN — Elon Musk, Vivek Ramaswamy, Donald Trump, Raimondo, Ramaswamy, won’t, ”, James Broughel, hasn’t, ” Musk, Trump, Nicholas Bagley, “, Richard Pierce Jr, ” Broughel, ” Trump, Broughel, Biden, Joe Biden’s, Musk, ” CNN’s Tierney Sneed Organizations: CNN, Government, Environmental Protection Agency, Loper Bright Enterprises, Competitive Enterprise Institute, ’, Street, Congress, University of Michigan Law School, George Washington University, of Economic, Public Citizen, SpaceX Locations: West Virginia

☆ See aboard the USS Beloit, the Navy's new $500 million littoral combat ship upgraded to fight near coastlines
▼ + stars: | 2024-11-28 | by ( Talia Lakritz | Lauren Frias | ) www.businessinsider.com time to read: +1 min

An embattled legacyUS Navy crewmembers boarding USS Beloit at Veterans Park in Milwaukee. Diana SalgadoThe Navy operates two types of littoral combat ships: the Independence-class and the Freedom-class. For example, USS Milwaukee, a $750 million Freedom-class ship, was decommissioned last year after just eight years in service. It's one of about half a dozen littoral combat ships — most being from the Freedom class — that have been pulled from active service. The Navy has since put some of its hopes for the LCS into the new class of frigate in development.

Persons: Cpl, Diana Salgado, Dirk Debbink Organizations: Beloit, Veterans Park, Milwaukee . US Marine Corps, Navy, USS Locations: Milwaukee ., USS Milwaukee, Beloit, China

☆ FTC opens broad antitrust investigation into Microsoft
▼ + stars: | 2024-11-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

The U.S. Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter told Reuters Wednesday. The investigation was approved by FTC Chair Lina Khan ahead of her likely departure in January. The FTC fielded such complaints last year as it examined the cloud computing market. The FTC has demanded a broad range of detailed information from Microsoft, Bloomberg reported earlier on Wednesday. In 2019, the Pentagon awarded it a $10 billion cloud computing contract that Amazon had widely been expected to win.

Persons: Lina Khan, Donald Trump, Satya Nadella, Trump, JD Vance Organizations: U.S . Federal Trade Commission, Microsoft, Reuters, NBC News, Republican, FTC, Amazon, Google, European Commission, Bloomberg, Big Tech, Facebook, Meta, Apple, Amazon.com Inc, U.S, Trump, Pentagon, Web Services

President-elect Donald Trump said Wednesday he will nominate retired Gen. Keith Kellogg to serve as assistant to the president and special envoy for Ukraine and Russia. Together, we will secure PEACE THROUGH STRENGTH, and Make America, and the World, SAFE AGAIN!," Trump said in a statement announcing his decision. Future American military aid, however, will require Ukraine to participate in peace talks with Russia." Trump was accused of withholding aid to Ukraine in an effort to pressure Zelenskyy to investigate Joe Biden and his son Hunter Biden. Vice president-elect JD Vance has also spoken out against Ukraine aid, as has Robert F. Kennedy Jr., Trump's pick to lead the Department of Health and Human Services.

Persons: Donald Trump, Keith Kellogg, Keith, Trump, Kellogg, Fred Fleitz, Vladimir Putin, Putin, Fleitz, Volodymyr Zelensky, Alex Kent, “, Volodymyr Zelenskyy, “ We’re, He’s, we’re, I’ll, Trump's, Joe Biden, Hunter Biden, JD Vance, Robert F, Kennedy Jr, Kennedy, Vance, ” Organizations: Military, Business, Staff, National Security Council, NBC News, Russia, Future, Getty, Trump, Republican, Department of Health, Human Services, NBC, Press, NATO Locations: Ukraine, Russia, Kyiv, U.S, United States, New York City, Georgia, Europe

President-elect Donald Trump has chosen John Phelan, a businessman and investor with no military experience, to become the next Secretary of the Navy. Phelan, if confirmed, would be the first person in 15 years to lead the Navy without having served in any branch of the armed forces. “He will put the business of the U.S. Navy above all else.”As the 79th Navy Secretary, Phelan would oversee more than 900,000 people and an annual budget of more than $210 billion. Twenty out of 26 people to be confirmed as Navy secretary over the last 70 years were veterans, the Military Times reported. On Nov. 12, Trump announced he would nominate Pete Hegseth, a combat veteran and former Fox News host, to be the Secretary of Defense.

Persons: Donald Trump, John Phelan, Phelan, “, ”, Trump, Phelan’s, ” “ John, ” Trump, Carlos Del Toro, Pete Hegseth, Hegseth Organizations: NBC News, Trump, Rugger Management, Harvard Business School, U.S . Navy, Navy, Marine Corps, Army, Coast Guard, Command, Military Times, Fox News, Defense, Army National Guard Locations: Palm Beach , Florida, Afghanistan, Iraq, Guantánamo Bay, Cuba

Shares in a little-known drone company soared Wednesday morning after announcing that Donald Trump Jr. had joined its advisory board. Unusual Machines, an Orlando, Florida-based firm born just two years ago as it acquired a drone manufacturer and a separate drone retailing firm, announced the appointment in an early-morning press release. It is also obvious that we must stop buying Chinese drones and Chinese drone parts,” Trump Jr. said in the statement. In a separate securities filing Wednesday, Trump Jr. is listed as at one point having been Unusual Machines’ second-largest shareholder. An Unusual Machines spokesperson did not immediately respond to a request for comment.

Persons: Donald Trump Jr, “ Don Jr, ” Allan Evans, ”, ” Trump, Trump, —, Donald Trump's Organizations: Machines, Company, USA, Trump Jr Locations: Orlando , Florida, America

☆ Watch the Dateline episode “The Killer Among Them” now
▼ + stars: | 2024-11-27 | by ( Dateline Nbc | ) www.nbcnews.com time to read: +1 min

The man being celebrated was Lance Herndon, a respected leader and CEO. To find out what happened, watch the full episode “The Killer Among Them” on Peacock now. After you’ve finished the episode, watch as Lance’s friends and family remember him as a passionate entrepreneur who cared deeply about his loved ones. And watch more of the police interview with Lance’s killer. Plus, listen to this week’s Talking Dateline with Andrea Canning and Josh Mankiewicz in which they take you behind the scenes of the episode and answer your questions.

Persons: Lance Herndon, Holly Stueber, Lance, Holly, Jackie, He’d, Peacock, you’ve, Andrea Canning, Josh Mankiewicz Organizations: NBC

An appeals court on Tuesday agreed to dismiss charges related to Donald Trump’s alleged mishandling of classified documents, effectively ending Special Counsel Jack Smith's prosecution of Trump. A spokesperson for Smith’s office declined to comment. Federal prosecutors in August had asked the U.S. Court of Appeals for the Eleventh Circuit to restore the case. The two remaining criminal cases, the New York case involving hush money payments and a Georgia election interference case, are also in limbo. A New York judge ruled last week postponed Trump's sentencing in that case which was previously scheduled for Nov. 26.

Persons: Donald Trump’s, Jack Smith's, Trump, Tanya Chutkan, Aileen Cannon, Trump —, can’t, Smith, Stormy Daniels, Fani Willis, Willis Organizations: Trump, U.S, U.S ., Appeals, Eleventh Circuit, Department, NBC News Locations: Lago, Florida, York, Georgia, New York, Fulton County

☆ Dentist charged with murdering wife also wanted investigating officer killed, authorities say
▼ + stars: | 2024-11-27 | by ( Andi Babineau | Andy Rose | ) edition.cnn.com time to read: +4 min

James Craig previously entered not guilty pleas to first-degree murder and other charges in the death of his wife, Angela Craig. Angela Craig went to the hospital with dizziness two days after a package of arsenic was delivered to the couple’s home, investigators said. Investigators say Angela Craig texted her husband, “I feel drugged,” after having a protein shake. James Craig texted back, “Just for the record, I didn’t drug you,” according to a court document. After his wife’s death, James Craig told the victim’s sister he did not want an autopsy performed, according to the affidavit.

Persons: James Craig, Craig, Angela Craig, Christopher Oquendo, Angela, Angela Craig’s, Angela Craig texted, “, ”, James Craig texted, Harvey Steinberg, Steinberg, Craig’s, CNN’s Raja Razek, Elizabeth Wolfe Organizations: Denver CNN, CNN, Judicial, Aurora, Daily, KUSA, Aurora Police, Police, Arapahoe County Coroner’s Locations: Colorado, Arapahoe County

☆ Trump is directing the trade war even before he takes office. Surprise tariffs were just the start.
▼ + stars: | 2024-11-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

AdvertisementUS President-elect Trump announced sweeping tariffs on Mexico, Canada, China, impacting global markets and currencies. Some analysts see Trump's tariff threats as leverage for countries to comply with the President-elect's wishes. President-elect Donald Trump has two months until he takes office, but he's already dishing out orders — and shaking the markets. Trump wrote. Trump jolted global markets, but the reaction was 'benign'Trump's announcements surprised global markets, with the Canadian dollar and the Mexican peso losing ground against the US dollar.

Persons: elect's, Donald Trump, —, Trump, George Saravelos, Saravelos, Dave Townsend, Dorsey, Whitney, Townsend, Nick Marro, Marro, Goldman Sachs Organizations: Trump, Canadian, greenback, Deutsche Bank, Economist Intelligence Locations: Mexico, Canada, China, Trump, Asia

And, thankfully, you can get steep discounts on a ton of the brand's gear with the Black Friday deals Nike is offering. The best Black Friday Nike sneakers dealsSneakers are the primary category on sale during Nike's Black Friday sale. You'll find popular models like the Nike Air Max 90, Nike Dunk, and Air Jordan 1 marked down with deep discounts. Nike Air Jordan 1 Mid $81.97 $125.00 Save 34% It’s hard to think of a more legendary sneaker than Air Jordans. View at NikeThe best Black Friday Nike clothing dealsNike Sportswear is arguably just as popular as its sneakers.

Persons: You'll Organizations: Business, Air Force, Nike, Friday, Nike's, Nike Air Max, Air, Nike Air Jordan, Jordans, Nike Nike, Nike Club Fleece, Nike Black Locations: hoodies, Olive

☆ Ikea warns Trump’s tariffs could push up prices
▼ + stars: | 2024-11-27 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

“We have never experienced a period of benefit when we had high tariffs,” he said, referring both to Ikea and the global economy. We will need to understand and adapt.”On Monday, President-elect Trump promised massive hikes in tariffs on goods coming from Mexico, Canada and China. The bulk of Ikea’s goods — some 70% — are produced in Europe, with the remaining 30% made in Asia, mostly China. Last year, Ikea cut prices on roughly 2,000 products — at a cost of more than €2 billion ($2.1 billion) — to give inflation-weary consumers a break. Ikea's Frakta bag displayed in Munich during a celebration of the brand's 50th anniversary in Germany on October 17, 2024.

Persons: Donald Trump’s, ” Jesper Brodin, ”, Trump, Claudia Sheinbaum, Tom Madrecki, General Mills, Molson, Ikea’s Brodin, Hus, Johannes Simon Organizations: London CNN, Ingka, CNN, Ikea, Consumer Brands Association, Molson Coors, Oxford Locations: Mexico, Canada, China, United States, Europe, Asia, Munich, Germany, Wembley, Croydon, London

If the IRS has questions about your tax returns or wants to perform an audit, you'll probably be asked to produce your tax records. But of course, it is absolutely not recommended that you skip tax filing or intentionally commit fraud on your tax return. Employment tax recordsBusinesses should keep employment tax records, or payroll records, for at least four years after the last completed tax filing. Tips for organizing and storing recordsThe IRS clearly outlines the guidelines around how long you should keep your tax records. When you're ready to get rid of financial documents or tax records, shredding is the best method.

Persons: you've, Tom Taulli, filers, you'll, Matthew Jenkins, Tanza, Morgan, Read Organizations: Internal Revenue Service, IRS, CFA, CFP, Noble, Finance, Morgan Stanley Wealth Management, Fidelity, BI, Elon University Locations: TheStreet

We've been tracking the tour since March and have compiled everything you need to know about how to buy Taylor Swift Vancouver tickets, including Eras Tour resale prices. Eras Tour Vancouver scheduleThe Eras Tour comes to Vancouver on Friday, December 6, 2024, and runs for three shows, concluding on Sunday, December 8, 2024. How to buy Taylor Swift Vancouver ticketsOriginal standard tickets for the Eras Tour sold out long ago on Ticketmaster. How much are Taylor Swift Vancouver tickets? As was the case for the rest of the Eras Tour, Taylor Swift Vancouver tickets are pretty pricey.

Persons: Taylor Swift, Taylor, Swift, Taylor Swift's Organizations: Business, Taylor Swift Vancouver, Vivid, Ticketmaster Locations: Vancouver, Canada, Toronto

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