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Many people fail to adjust their retirement savings when their income grows. I started making my retirement savings strategy a priority, from automating monthly contributions to maxing out various savings vehicles, from 401(k) plans to SEP IRAs. Not adjusting your retirement savings with your lifestyleAnother retirement mistake? Consider a financial advisor. Finding a financial advisor doesn't have to be hard.

Persons: —, it's, Brent Weiss, there's, isn't, Jen Reid, Michael J, Ashley Feinstein Gerstley, you'll, Weiss, doesn't Organizations: Service, Yardley Wealth Management Locations: Roth

☆ Inundated IT workers commiserate, marvel at 'historic' CrowdStrike outage
▼ + stars: | 2024-07-19 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

IT professionals convened on Reddit to mourn and marvel at the "historic" outage. The issue, linked to CrowdStrike, has brought various sectors to their knees. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn addition to sparking global chaos, a mass outage linked to cybersecurity firm CrowdStrike is inspiring a wave of commiseration among IT professionals. This story is available exclusively to Business Insider subscribers.

Persons: Reddit, Redditor, —, CrowdStrike Organizations: Service, Business

☆ Hunter Biden says Aileen Cannon’s ruling that ended Trump’s classified documents case should help him as well
▼ + stars: | 2024-07-18 | by ( Marshall Cohen | ) edition.cnn.com time to read: +3 min

A separate special counsel, David Weiss, has been investigating Hunter Biden since 2018 and brought the separate gun and tax indictments against him last year. In fact, Hunter Biden tried but failed to get the gun and tax cases thrown out based on similar arguments. Reviving those arguments, Hunter Biden cited momentum from Trump-appointee Cannon and conservative Supreme Court Justice Clarence Thomas. Ironically, while Hunter Biden champions their rulings, many of his father’s allies have condemned them. At his gun trial, Hunter Biden was found guilty of buying and possessing a gun while abusing illegal drugs.

Persons: CNN — Hunter Biden, Aileen Cannon, Donald Trump, Joe Biden’s, Trump, Jack Smith, David Weiss, Hunter Biden, Biden, he’s, Weiss, ”, General Merrick Garland, Smith, Cannon, Clarence Thomas, Hunter, ” Hunter, Weiss ’, ” Cannon’s, Alexander Smirnov, Joe, Smirnov’s Organizations: CNN, Justice Department, Mr, Trump, Court, Hunter Biden, ex, FBI Locations: Delaware, California

☆ Ex-CEO of company that helped Trump Media go public accused of securities fraud
▼ + stars: | 2024-07-18 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

The SEC has sued the former chief executive of the SPAC that helped take Trump's media company public. Patrick Orlando "falsely represented" his SPAC's talks with Trump Media, the SEC said. AdvertisementThe Securities and Exchange Commission (SEC) has sued Patrick Orlando — the former chairman and CEO of the SPAC that helped take Donald Trump's media company public. The SEC says Orlando "falsely represented" that his blank check company, Digital World Acquisition Corp. (DWAC), wasn't planning to merge with a specific target. Orlando had actually been having "numerous lengthy discussions" with Trump Media & Technology Group (TMTG).

Persons: Patrick Orlando, —, Patrick Orlando —, Donald Trump's, Orlando Organizations: SEC, Trump Media, Service, Securities, Exchange Commission, Corp, Trump Media & Technology, Business

☆ Hunter Biden seeks dismissal of criminal cases, cites Trump classified documents ruling
▼ + stars: | 2024-07-18 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Hunter Biden, son of US President Joe Biden, walks upon arrival at Fort Lesley J. McNair in Washington, DC, on July 1, 2024. The motions follow the ruling Monday by Florida federal court Judge Aileen Cannon tossing out Smith's prosecution of Trump over his retention of classified documents after leaving the White House. Cannon ruled that Smith's appointment as special counsel violated the Appointments Clause of the U.S. Constitution. He is awaiting trial in Los Angeles federal court on federal tax crime charges, which Biden's lawyers likewise are asking a judge there to toss out. That ruling related to Smith's pending prosecution of Trump in Washington, D.C., federal court for crimes associated with Trump's attempt to reverse his loss to President Biden in the 2020 election.

Persons: Hunter Biden, Joe Biden, Fort Lesley J, McNair, Clarence Thomas, Donald Trump, Jack Smith, Trump, David Weiss, Aileen Cannon, Cannon, Biden, Weiss Organizations: Fort, Supreme, White, U.S . Constitution, of Justice, Washington , D.C Locations: Washington ,, California, Delaware, Florida, U.S ., Los Angeles, Trump

☆ Gun YouTuber responds after Trump's would-be assassin was killed wearing his merch
▼ + stars: | 2024-07-16 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

A popular YouTuber was 'shocked and confused' that Trump's shooter wore his merch. Matt Carriker has 11.6 million subscribers on the gun-focused hub "Demolition Ranch." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMatt Carriker, a popular firearm-focused YouTuber, said he was "shocked and confused" to learn the shooter was wearing his channel merch during the attempted assassination of former President Donald Trump. This story is available exclusively to Business Insider subscribers.

Persons: Matt Carriker, Carriker, Crooks, —, Donald Trump, Thomas Matthew Crooks, Trump Organizations: Service, Business

☆ Many Americans think they’re insulated from climate change. Their finances indicate otherwise
▼ + stars: | 2024-07-16 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Joseph Lamberti/Bloomberg via Getty ImagesMany Americans think they're insulated from the effects of global warming. But climate change is already having negative and broad impacts on household finances, according to experts. "There are a bazillion pathways" to adverse financial impact, he added. However, when it comes to financial impact, "I think you could argue the correct answer for [people] is, 'It's already hurting me,'" Krosnick said. How global warming and inflation intersectClimate change also exacerbates inflation, research shows — a dynamic dubbed "climate-flation."

Persons: Joseph Lamberti, Gernot Wagner, Jon Krosnick, Krosnick, Angela Weiss, Wagner, Mario Tama Organizations: Bloomberg, Getty Images, ICF, Columbia Business School, Finance, Stanford University, Resources, Research, Afp, Getty, Columbia Business, University of Illinois, University of Oregon, New York City, Workers, European Central Bank, Potsdam Institute, Climate Locations: Philadelphia, U.S, American, Miami, Bronx, New York, Urbana, Champaign, Canada, Baker , California, California, Phoenix

☆ Judge who dismissed Trump case says prosecutor should have taken her more seriously
▼ + stars: | 2024-07-15 | by ( Geoff Weiss | Jacob Shamsian | ) www.businessinsider.com time to read: +1 min

She wrote the Special Counsel failed to brief her on other remedies beyond dismissal. "Startlingly, the Special Counsel submitted nothing" during a "lengthy hearing," Cannon wrote. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJudge Aileen Cannon didn't just throw out the criminal charges alleging Donald Trump mishandled classified documents — she also suggested Special Counsel Jack Smith didn't take her seriously enough. The legality of special counsels has been debated for years, and Cannon wrote Monday that Congress needs to bestow such legal powers.

Persons: Aileen Cannon, Trump's, Cannon, —, Aileen Cannon didn't, Donald Trump, Jack Smith didn't, Smith Organizations: Service, Business

There may be a path for Smith to revive the case, Cannon noted in her ruling, and Smith can appeal the decision. Cannon left open a potential pathway in her ruling for the classified documents case to be revived. (He is being prosecuted by a separate special counsel, David Weiss.) And during the Trump-Russia investigation, multiple Trump allies similarly attempted to derail special counsel Robert Mueller’s work. Former Attorney General Edwin Meese and Citizens United argued the same, writing that Smith’s appointment “severely undermines” the constitutional order.

Persons: Donald Trump’s, Aileen Cannon, Jack Smith, General Merrick Garland, Smith, Cannon, Trump, “, ”, ” Cannon, Garland, Bill Barr, John Durham, Smith’s, it’s, Clarence Thomas The, Clarence Thomas, Thomas ’, Thomas, John Roberts, wasn’t, ” Thomas, Steve Vladeck, Joe Biden’s, Hunter Biden, David Weiss, Robert Mueller’s, James Pearce, Cannon’s, Edwin Meese, ” “ Organizations: Washington CNN, Trump, Republican National Convention, Republican, Justice Department, Senate, United, United States Attorney, Defense, Treasury, The, Prosecutors, CNN, Georgetown University Law Center, FBI, Former, Citizens United Locations: Milwaukee, United States, California, Delaware, Russia, Virginia, Washington, DC, Mar

☆ Aileen Cannon’s nuking of the Trump documents case continues her trend of embracing long-shot legal theories
▼ + stars: | 2024-07-15 | by ( Tierney Sneed | ) edition.cnn.com time to read: +8 min

She said Smith was unconstitutionally appointed as special counsel and that the funding of his office also violated the law. “It’s not just that this is an extreme argument about the Appointments Clause of the Constitution, it’s that it’s one that exactly one Supreme Court justice has endorsed and lots of precedent refutes,” said Steve Vladeck, a CNN Supreme Court analyst and professor at Georgetown University of Law. And Cannon’s opinion left open the possibility that the charges could be revived if brought by the Justice Department in a way not reliant on the current special counsel infrastructure. In other special counsel cases, defendants have not even bothered to bring the long-shot claims. The special counsel office has not yet weighed in on Cannon’s decision.

Persons: Aileen Cannon, Jack Smith’s, Donald Trump, Smith, Trump, –, It’s, ”, Steve Vladeck, Clarence Thomas, coronate Trump, Monday’s, Michael Moore, “ She’s, Moore, Obama, Clarence Thomas Just, Cannon, Thomas ’, Thomas, Robert Mueller’s, David Weiss ’, Hunter Biden, “, Justice Thomas, Mark Schnapp, it’s, ” Vladeck Organizations: CNN, Trump, CNN Supreme, Georgetown University of Law, Justice Department, Republican National Convention, House, Saturday, “ CNN, Appeals, Supreme Locations: Fort Pierce , Florida, Washington ,, South Florida, Robert Mueller’s Russia

☆ Florida judge dismisses classified documents case against Trump, ruling appointment of Jack Smith was unconstitutional
▼ + stars: | 2024-07-15 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +5 min

US District Judge Aileen Cannon — who was appointed to the bench by Trump while he was president — ruled Monday that the appointment of Justice Department Special Counsel Jack Smith, who is overseeing the prosecution, was unconstitutional. The legality of Justice Department special counsels has been the subject of some debate over the past two decades. Since then, the US Attorney General has appointed special counsels with less authority while relying on internal Justice Department regulations. AdvertisementDefense lawyers in special counsel investigations have routinely argued the appointment of these newer special counsels is unconstitutional. His lawyers had signaled that, on appeal, they would challenge the legality of appointing a special counsel in the first place.

Persons: Trump's, Lago, Aileen Cannon —, —, Jack Smith, Smith, Trump, Cannon, Jean Carroll's, Carroll, defaming, Ronald Reagan's, Bill Clinton's, General, Clarence Thomas, Robert Mueller, Hunter Biden, David Weiss Organizations: Trump, Business, White, FBI, Justice, Congress, Justice Department, Appeals, US, Defense Locations: Mar, Lago, Florida, Manhattan, Georgia, Iran, United States

☆ Mark Cuban worries algorithms will decide the president in 2024
▼ + stars: | 2024-07-15 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Mark Cuban warned that social media algorithms could determine the president. "This is the first AI driven election season where policy and personalities mean nothing," he wrote. AdvertisementWill social media decide who becomes president? "This is the first AI driven election season where policy and personalities mean nothing and algorithms drive everything," Cuban wrote on X on Monday. Cuban argued that "narratives delivered by the algorithms" — whether factual or not — are now more important to voters than "actual events."

Persons: Mark Cuban, —, Cuban Organizations: Service, Business

☆ American Century's Rich Weiss says Fed could cut twice this year, urges investors to stay diversified
▼ + stars: | 2024-07-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Rich Weiss wouldn't be surprised if the Federal Reserve cuts rates twice this year — and potentially before the November election. The comments from Weiss come as Wall Street continues to weigh whether the Federal Reserve will cut rates before year-end. But Weiss urges investors to diversify in this concentrated market. Although a riskier bet, Weiss is also finding opportunities in the real estate sector, which he expects should recover as rates fall. Bonds also look attractive should yields continue to come down, and could outperform stocks through the end of 2024, he added.

Persons: Rich Weiss wouldn't, CNBC's Dominic Chu, Weiss, that's, Bonds Organizations: Federal Reserve, Century Investments, American

☆ Alec Baldwin trial paused after his lawyers accuse prosecutors of hiding evidence
▼ + stars: | 2024-07-12 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Alec Baldwin's lawyers accused prosecutors of hiding evidence in the involuntary manslaughter case. The judge sent the jury home following the surprise motion to dismiss. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn a shocking moment on Friday, Alec Baldwin's lawyers accused prosecutors of hiding evidence in a surprise motion to dismiss his involuntary manslaughter case. Bullets that Baldwin's lawyers said prosecutors did not disclose and put under a different case number, The New York Times reported.

Persons: Alec Baldwin's, —, Alec, Judge Mary Marlowe Sommer Organizations: Service, New York Times, Business

☆ Big Tech has a problem thanks to energy-gobbling AI. These stocks may help solve it
▼ + stars: | 2024-07-12 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The tech sector faces a moment of truth in its ambitious climate targets, as the growing power needs of artificial intelligence data centers jeopardize the industry's promise to slash carbon emissions. Goals at risk The energy needs of AI computing pose a significant challenge to Google's and Microsoft's ambitious climate goals. Google aims to achieve net-zero emissions by 2030 through around-the-clock carbon-free energy on every electric grid where it operates. Holcim and Skia offer construction solutions that improve energy efficiency and promise to reduce the carbon footprint of buildings. Schneider Electric and Legrand help make data center servers more efficient through power management and temperature solutions.

Persons: Keith Weiss, Morgan Stanley's, Morgan Stanley, Legrand, Schneider Organizations: Google, Microsoft, AES Corporation, Bloom Energy, AES Corp, Schneider

Financial planners said real estate is a top source of passive income for their clients. Making passive income isn't always as easy as it sounds — it takes time and money up front, and the benefits don't come overnight. To find out how people are earning passive income, Business Insider asked several financial advisors to share their clients' top passive-income sources. "Passive income sources like podcasts, websites, apps, YouTube channels generating income off of ads — those are really common sources of passive income that I've seen," he told Business Insider. Creating digital products for sale onlineEllis said that digital products are a common way she's seen clients earn passive income recently.

Persons: Brent Weiss, he's, Weiss, Akeiva Ellis, She's, it's, Wealthfront, Read, Andrew Westlin, I've, What's, Ellis, doesn't Organizations: YouTube, Business

☆ We expect up to two rate cuts this year, says American Century's Rich Weiss
▼ + stars: | 2024-07-12 | 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 EmailWe expect up to two rate cuts this year, says American Century's Rich WeissRich Weiss, chief investment officer of multi-asset strategies for American Century Investments, joins CNBC's Dominic Chu from the American Century Championship golf tournament. They discuss Weiss' outlook for the current investing environment and macroeconomic trends.

Persons: Rich Weiss Rich Weiss, Dominic Chu, Weiss Organizations: American Century Investments, American

☆ Another nail in the coffin for 'Summer Fridays'
▼ + stars: | 2024-07-12 | by ( Paige Bruton | Geoff Weiss | ) www.businessinsider.com time to read: +1 min

PwC has gradually curtailed Summer Fridays in recent years. Some partners expected the perk to be eliminated altogether, The Financial Times reports. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The Big Four accounting firm is slashing its "Summer Fridays" to a span of six weeks this year, The Financial Times reported. PwC first introduced Summer Fridays in 2021, and gave Friday afternoons off for a three-month span in 2022.

Persons: PwC, — Organizations: Financial Times, Service, Business

☆ Biden's allies are pushing old stories about Trump's connections with Jeffrey Epstein
▼ + stars: | 2024-07-11 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +6 min

On social media — and even in the halls of Congress — certain Biden supporters are using Donald Trump's associations with disgraced financier Jeffrey Epstein as an argument to disqualify him. Discourse about Trump and Epstein was reignited after documents from Epstein's first Florida investigation in 2006 were released last week. Other Biden boosters have suggested a coordinated media cover-up to boost Trump's chances or doom Biden's. Related storiesMedia outlets haven't reported on Trump's connection to the new Epstein files because there isn't one. What we know about Trump's relationship with EpsteinTrump has appeared in previous unsealed and uncovered documents connected to the Epstein case.

Persons: —, Joe Biden, Biden, Donald Trump's, Jeffrey Epstein, Epstein, Trump, Ted Lieu of, Lieu, Donald Trump, Ben Meiselas, Julie Brown, Epstein Trump, Ivana, Ivanka, Courtney Love, Alec Baldwin, Naomi Campbell, John Kerry, Michael Bloomberg, Henry Kissinger, Prince Andrew, Glenn, Eva Dubin, BI's Jacob Shamsian, massaged Trump, Virginia Roberts Giuffre, Katie Johnson, Vox, Jerry Springer, didn't Organizations: Service, Trump, Business, Biden, Miami Herald, Media, Washington Post Locations: Epstein's, Florida, Ted Lieu of California, Palm Beach, Newark, Beach, Mar

☆ Biden will face reporters tonight — and the dam could break soon after
▼ + stars: | 2024-07-11 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Joe Biden will host his first live press conference since his disastrous debate. It will be a massive litmus test in his reelection campaign. Supporters argue he'll silence critics, but the dam could break on calls for him to drop out. AdvertisementTonight will be a massive litmus test for Joe Biden's reelection campaign — and his critics are ready to pounce. The president will host an unscripted live press conference to conclude the NATO summit in Washington DC.

Persons: Joe Biden, —, Joe Biden's, Donald Trump's Organizations: Service, NATO, Washington DC, Democratic, Business Locations: Washington

☆ Did King Charles just spend $6.6 million on a Billionaires' Row condo in NYC?
▼ + stars: | 2024-07-11 | by ( Geoff Weiss | Maria Noyen | ) www.businessinsider.com time to read: +1 min

An entity that appears to be affiliated with King Charles scooped up a $6.6 million NYC condo. It's located on Billionaires' Row, a neighborhood with south of Central Park. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. AdvertisementAn entity that appears to be affiliated with King Charles III has scooped up a lavish apartment on New York City's Billionaires' Row.

Persons: King Charles, —, King Charles III, Robert McCubbing Organizations: Service, New York, Foreign Affairs, Consulate, Business Locations: It's, Central, New, Canada, New York

☆ $20 billion Balyasny trims its top Asia stock-picker's book so she can focus on building the hedge fund in the region
▼ + stars: | 2024-07-11 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

Read previewBalyasny Asset Management has cut back the portfolio of its Asia equities head, but not because of poor performance. This story is available exclusively to Business Insider subscribers. Related storiesBalyasny, the $20 billion multistrategy firm based in Chicago, parted ways with its global equities head, Jeff Runnfeldt, last October. AdvertisementBalyasny, the founder, has been running the equities unit since Runnfeldt's departure, adding talent — such as Point72's Peter Goodwin — and reviewing existing books. The firm has made 5.5% through the first half of the year, Business Insider recently reported, trailing peers like Citadel, Point72, and Millennium.

Persons: —, Archana Parekh, Dmitry Balyasny, Parekh, Jeff Runnfeldt, Runnfeldt, Peter Goodwin —, Andrew O'Connor, Weiss, David Lohman, Marco Minoli, Anil Gondi, Balyasny, Stephen Schurr, She's, Will Brant, Robert Tau Organizations: Service, Management, Balyasny, Business, Fortress Investment, Citadel, Walleye, Bloomberg Locations: Asia, Chicago, Schonfeld, LMR, — Singapore, Hong Kong, Tokyo, Balyasny's Hong Kong, Point72

☆ CNBC Daily Open: A true bull market — it's not Wall Street
▼ + stars: | 2024-07-11 | by ( Abid Ali | ) www.cnbc.com time to read: 1 min

Traders work the floor of the New York Stock Exchange on July 25, 2023, in New York City. Angela Weiss | AFP | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayGet the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. SubscribeThe bottom line

Persons: Angela Weiss Organizations: New York Stock Exchange, AFP, Getty, CNBC Locations: New York City

☆ Shelley Duvall, star of 'The Shining,' dead at 75
▼ + stars: | 2024-07-11 | by ( Geoff Weiss | Jason Guerrasio | ) www.businessinsider.com time to read: +1 min

Actor Shelley Duvall has died at age 75. Known for "The Shining" and "Popeye," Duvall's iconic roles left a lasting impact. AdvertisementShelley Duvall, the beloved character actor best known for starring in Stanley Kubrick's adaptation of the Stephen King horror classic "The Shining," has died at age 75. The award-winning actor died of complications from diabetes, her partner Dan Gilroy told The Hollywood Reporter. "Too much suffering lately, now she's free," Gilroy told the outlet.

Persons: Shelley Duvall, Duvall, Robert Altman, —, Stanley Kubrick's, Stephen King, Dan Gilroy, Gilroy, McCabe, Miller, Olive Oyl, Robin Williams Organizations: Service, Hollywood, Business Locations: Nashville

☆ How bankruptcy saved Express
▼ + stars: | 2024-07-10 | by ( Ryan Baker | ) www.cnbc.com time to read: +1 min

Express has been a shopping mall staple since the 1980s. In recent years, Express has been squeezed by thin margins and declining shopping mall traffic, combined with the rise of the athleisure category during the pandemic. Bankruptcy has helped Express to stay in business, get out of old leases and even given it a chance to revive its fortunes. The new joint venture, called PHOENIX, received New York court approval for the acquisition of Express on June 14. Watch the video to find out more about the rise and fall of Express — and its likelihood of rising again under its PHOENIX owners.

Persons: Michael Weiss, Eric Beder Organizations: Consumer Research, CNBC, Express, WHP, Simon Property Group, Brookfield Properties, PHOENIX Locations: New York

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