DIRS.INFO The most relevant business & tech news

☆ Have insurance, will travel: Here's why millennials and Gen Z are paying for trip coverage
▼ + stars: | 2023-08-13 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +5 min

Piola666 | E+ | Getty ImagesDespite inflation, Gen Z and millennials are determined to travel this summer, even if it means spending a bit more. watch nowBy opting to buy travel insurance, younger people's plans are more protected, added Droesch. Pandemic leaves travel jitters in wakeMany travel plans were canceled during the Covid-19 pandemic and many disappointed buyers got no refunds, even if they had travel insurance because unforeseen events such as the Covid-19 lockdown weren't covered. Millennials are entering their 40s, and much of Gen Z have graduated college and are starting their careers. While travel insurance sounds like a good idea, travelers should be aware of the different types of travel insurance that exist and be sure of which type they buy.

Persons: Rome, Gen Zers, —, Mary Hines Droesch, Z, they're, Hopper, Hayley Berg, Berg, Millennials Organizations: Bank of America, Finance, College Locations: U.S

☆ Harvard-trained financial expert: How to let go of 'self-sabotaging beliefs and habits around money'
▼ + stars: | 2023-08-09 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +5 min

Thakor, a certified financial planner and a chartered financial analyst who has an MBA from Harvard, wants to help people shed work addiction and "self-sabotaging beliefs and habits around money, careers [and] accomplishments." And you feel almost compelled in a subliminal, toxic way to keep chasing after these things. ATS: Can you explain the Buddhist concept of the hungry ghosts and how it's connected to the feeling of "never enough?" My argument is that it's because people are experiencing the symptoms of a society that's been built on this false belief that the answer to our collective angst is pursuing more money, work and more prestige. Those things turn us into hungry ghosts because they have no finish line — you can never get enough of them.

Persons: Manisha Thakor, Ana Teresa Solá, it's, they're, — Organizations: Getty, World Health Organization, International Labour Organization, Harvard, Finance, Workers, Bank of America, ATS Locations: overworking, U.S

☆ Majority of parents spend 20% or more of household income on child care, report finds
▼ + stars: | 2023-08-07 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

Jenny Goff, right, reaches out to a child at Central Park Child Care Center in Vancouver, Washington. Ariane Kunze | The Columbian via APWhy child care costs are so highRising fees at child care centers are contributing to the growing costs of child care, as well as inflation and changes in parents' work status, according to Care.com. Many day care centers shuttered during the pandemic, leaving the few that stayed open with limited slots available. The new child fee is usually used to fund teachers' education, books and materials for the classes, she added. Financial advisors say there are several other ways parents can plan ahead to help cover child care costs.

Persons: Jenny Goff, Ariane Kunze, Sophia Bera Daigle, Daigle, Carolyn McClanahan, McClanahan, Care.com Organizations: Central, Child Care Center, AP, CNBC FA Council, Planning Partners, CNBC FA Locations: Vancouver , Washington, Jacksonville , Florida

☆ Couples leverage 'something borrowed' to cut wedding costs
▼ + stars: | 2023-08-03 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +6 min

Sixty-one percent of couples set to marry this year said the economy has already impacted their wedding plans, and the soon-to-be-wed have become savvier as they confront higher costs. said Jason Rhee, director of celebrations and owner of Rheefined Company, a wedding and special events planner in Los Angeles. Couples are renting flowers, jewelry and moreZoom In Icon Arrows pointing outwardsLaken Swan and Lauren Bercier founded Something Borrowed Blooms in 2015 after dealing with high costs for their own weddings. Bercier, in particular, suffered buyer's remorse on her wedding day — after putting down the full deposit for fresh flowers, the blooms that arrived on her wedding day weren't exactly what she'd had in mind, said Swan. "It's only natural that they're rethinking what their wedding day might look like."

Persons: Della Larca, nuptials, Jason Rhee, Laken Swan, Lauren Bercier, she'd, Swan, Bercier, Larca, Miriam Williams, Laine London, Williams, Rhee Organizations: Rheefined Company, Rheefined Locations: Butler , New Jersey, Los Angeles, New York, Atlanta

Darya Komarova | Moment | Getty Images'The dots need to be connected for consumers'Exposure to our older selves is only part of the process of making decisions for retirement, experts say. While the TikTok filter has recently made it popular to look at our future selves, this type of application has been around since the early 2000s, said Joseph Coughlin, director of the Massachusetts Institute of Technology AgeLab. Once people see an image of their older selves, they tend to feel differently about their future decisions. Successful, lasting behavioral changes typically come with incentives to work toward, such as saving money or exercising, Coughlin said. Pairing the videos with prompts to save more money or invest more toward retirement may be effective, according to UCLA's Hershfield.

Persons: Darya, Joseph Coughlin, Coughlin, UCLA's Hershfield, Hershfield, Victor Ricciardi, Ricciardi, Carolyn McClanahan, Drazen Zigic Organizations: Massachusetts Institute of Technology AgeLab, Ursinus College, Behavioral Finance, Planning Partners, CNBC FA, Istock, Getty Locations: Jacksonville , Florida

☆ As interest rates, inventory issues keep car costs high, what drivers are doing to make ownership possible
▼ + stars: | 2023-07-28 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

Westend61 | Westend61 | Getty ImagesInterest rates, inventory issues add to costsThe overall cost of purchasing a car is increasing in part due to interest rates, said Tom McParland, contributing writer for automotive website Jalopnik and operator of vehicle-buying service Automatch Consulting. The average rate on a new car loan is 7.2%, according to Edmunds. While some car manufacturers are improving their supply deliveries, inventory wrinkles are still far from being ironed out, experts say. Yet, a longer loan is not always ideal. Between the pricing and inventory issues, people who have the luxury or the patience to wait it out are "definitely" doing so, said Yoon.

Persons: Tom McParland, Joseph Yoon, Edmunds, Yoon, Ivan Drury Organizations: Westend61, Getty, Automatch Consulting, Consumers, Automatch, Santander Locations: Edmunds

☆ New, used EV prices have dropped, but don't rush to buy: 'It's not a consumer-friendly market,' analyst says
▼ + stars: | 2023-07-26 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

New EV prices also fell nearly 20% from their peak of $66,390 in June of last year due to inventory growth, found a study by Kelly Blue Book. A year ago, demand for electric vehicles due to high gas prices from the war in Ukraine sent prices on an upward swing. "We've never had a used EV market; it's only beginning to develop," said Krebs. How to shop for a used EVThere is a tax credit for used electric vehicles worth up to $25,000, but only a handful of used EVs have depreciated to cost under the ceiling price. To that point, car shoppers looking into used electric vehicles should be cautious about their battery life and utility, experts say.

Persons: Sean Gallup, Joseph Yoon, Kelly Blue, Yoon, Krebs, We've, Edmunds Organizations: Getty, What's Locations: Edmunds, Ukraine

Their tipping behavior might be especially revealing, said Irina Manta, a New York-based dating coach and consultant. Simply put, not leaving a good tip — or any tip — can be a huge turn off, Manta added. Blaine Anderson, a dating coach for men in Austin, Texas, agreed, Tipping "is important because it can be a proxy for how you treat everyone in your life." 'Make sure you're doing the minimum'But if you're confused about how much to tip and when on a date, you're not alone. Manta, the New York dating coach, said it was bad form to be too nosy about your date's tipping practices.

Persons: Daria, Istock, Irina Manta, Manta, Blaine Anderson, Nick Leighton, Leighton, Post, Anderson, Sherlock Holmes Locations: New York, Austin , Texas, York

People rally in support of the Biden administration's student debt relief plan in front of the the U.S. Supreme Court on Feb. 28, 2023. Following a Supreme Court ruling last month that effectively killed President Joe Biden's original student loan forgiveness plan, the White House is quickly moving ahead with a new strategy to deliver people relief. This time, Biden will rely on a different law to try to legally erase student loan debt — the Higher Education Act. The justices concluded he didn't have the power to do so under the Heroes Act of 2003. This new plan is the topic of an open hearing Tuesday at the U.S. Department of Education, where members of the public can weigh in on the latest relief package and learn more about how it will work.

Persons: Joe Biden's, Biden, didn't, Mike Pierce, Cash Organizations: Biden, U.S, Supreme, Higher, U.S . Department of Education, Protection, Finance

☆ More Americans are moving to Spain — and paying high prices for real estate
▼ + stars: | 2023-07-17 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +5 min

A real estate agency window in Alicante, Spain. Sopa Images | Lightrocket | Getty ImagesMore Americans are flocking to Spain for longer, whether as so-called digital nomads working abroad or to enjoy a new life in retirement. In addition, the home prices that grew the most in the same period were paid by Americans, according to the report. According to the General Council of Notaries report, American buyers are focusing on urban areas like Madrid — as with any big city, people are attracted to its job opportunities and amenities, said Ingrim. However, Americans who want a different retirement or remote work experience and an adventure by relocating to Spain should take a few factors into consideration.

Persons: Danes, Cash, Alex Ingrim, Chase Buchanan, Jude Boudreaux, Ingrim, Boudreaux, doesn't Organizations: Getty, General, Finance, CNBC's Locations: Alicante, Spain, Florence, Italy, Madrid, Andalusia, Valencia, Europe, U.S, New Orleans, American, Portugal, Spanish

☆ Don’t let student loans define you. Here’s how to achieve that — and your goals
▼ + stars: | 2023-07-13 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

mapodile | E+ | Getty ImagesAfter a more than three-year payment pause, federal student loan bills will once again be part of Americans' lives this fall. Indeed, a recent survey conducted by Trellis Company found that holders of student loan debt experienced key distress indicators at higher rates compared with all survey respondents. What is student loan identity? Student loan expert Ryan Law, a CFP and professor at Utah Valley University, said he has witnessed student debt anxiety, and denial, among current college students. "What I've generally found is that most people don't really want to know a lot of information about their student loans."

Persons: Cheryl, Kristy Archuleta, " Archuleta, Lazetta Rainey Braxton, Braxton, Ryan Law, Joe Organizations: Trellis Company, University of Georgia, CNBC's, Utah Valley University, Consumer Financial, Bureau, U.S, Supreme

☆ You can use A.I. to land a job, but be careful: 'It can backfire,' career expert Suzy Welch says
▼ + stars: | 2023-07-10 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

"Nothing is guaranteed, but the U.S. labor market continues to point toward a slower, but more sustainable pace of economic growth," Bunker said. "In many ways, the labor market of 2021 and 2022 was an anomaly and isn't really a good baseline for understanding what a sustainable and healthy labor market looks like," said Bunker. These videos are often still reviewed by recruiters and hiring managers, Rose said. "AI doesn't know your experience and ... the certain specific anecdotes that highlight why you're a great candidate," Rose said. Ask hiring managers how A.I.

Persons: Nick Bunker, Bunker, Will Rose, Rose, Welch Organizations: CNBC, New Locations: U.S, York City, New York City

"If you focus only on investments, you're going to drive yourself as crazy as the markets are." 'Don't get so wrapped up in the markets'Your broader portfolio consists of all of your assets, said Braxton. In addition to what's invested in the market, those assets might include cash savings, real estate and your human capital. Keep your home and human capital in mind when you strategize your financial plan, she said. Invest in your human capital by refining your skills to preserve your main source of income, especially in economic downturns.

Persons: Lazetta Rainey Braxton, Braxton, what's Organizations: CNBC's, Investors, Invest

☆ These risk factors suggest borrowers could struggle when student loan payments resume, report finds
▼ + stars: | 2023-07-03 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

People line up outside of the Supreme Court in Washington, D.C., on June 30, 2023. Kent Nishimura | Los Angeles Times | Getty ImagesMany student loan borrowers face risk factors that suggest they could struggle covering their bills, especially after the Supreme Court struck down President Biden's federal student loan forgiveness proposal and repayment will resume in October. "I wasn't necessarily surprised," said Stedman, who graduated from college in 2013 with just under $40,000 in student loan debt. For his part, Stedman said he's found his student loan debt to be a "challenge" since graduation. 3 things to consider as loan payments resume

Persons: Kent Nishimura, Colton Stedman, Biden, Stedman, —, Jack Wallace, Yrefy, he's, It's, Wallace Organizations: Washington , D.C, Los Angeles Times, Getty, Consumer Financial, Bureau, South Saint, Finance, Governors, Federal Reserve System, College Board Locations: Washington ,, South, South Saint Paul , Minnesota, U.S, Yrefy

☆ While investors can't expect a deal like former baseball star Bobby Bonilla, they can use an annuity to create a stream of income in retirement
▼ + stars: | 2023-07-01 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Infielder Bobby Bonilla of the MLB's New York Mets at a game against the Los Angeles Dodgers at Dodger Stadium, July 25, 1993. Stephen Dunn | Getty Images Sport | Getty ImagesFormer Major League Baseball player Bobby Bonilla collects a $1,193,248.20 check from the New York Mets every July 1, and he'll continue to do so until 2035. In fact, ever since, July 1 has been known as Bobby Bonilla Day. Annuities provide a guaranteed stream of incomeAn annuity is a lump sum of money, often taken out of a retirement plan, which is converted into a future stream of income, or annuitized. The allure for investors is a guaranteed stream of income, much similar to Social Security or pensions.

Persons: Bobby Bonilla, Stephen Dunn, hasn't, Bonilla, they've, Louis Barajas, Limra, Barajas Organizations: New York Mets, Los Angeles Dodgers, Dodger, Getty, Major League Baseball, Mets, International Private Wealth, CNBC's, Finance, Social Security, ., Barajas, American Council of Locations: Irvine , California, Barajas

☆ Decision of when to retire has little to do with how much you've saved for retirement, report finds
▼ + stars: | 2023-06-28 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Pixdeluxe | E+ | Getty ImagesAmericans often worry about hitting specific money goals for retirement, but a new report finds that the decision to retire often happens independently of reaching that "magic number." The report found that more than a third, 36%, of households ages 55 to 64 are already retired. In that age group, 27% are within five years of stopping full-time work and 37% expect to continue working full-time for more than five years. About a third, 35%, of people in that age group who have less than $50,000 in investable assets described themselves as retired. That may be especially true of those in the 55-plus age group, who may believe they have enough, but cannot predict whether they will live another four decades.

Persons: haven't, Laura Varas, Carolyn McClanahan, that's, McClanahan Organizations: Getty, Hearts, Census, Federal Reserve, Finance, Planning Partners, CNBC Locations: U.S, Jacksonville , Florida

☆ Don't budget, says financial psychologist. Here's why he recommends a 'spending plan' instead
▼ + stars: | 2023-06-27 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

Budgets help address maladaptive financial behavior or areas where you need control, such as overspending or spending leakages. "Psychologically, 'budgets' sound restrictive. 'Spending plans' sound a lot better — they give a lot more freedom and flexibility," he said. "It's about giving yourself permission to start the life stage that you're in and then go on to the next one," said Cherry. Jump-start your financial journey by being honest with yourself on where you are standing.

Persons: Preston D, Cherry Organizations: CNBC's Locations: Green Bay , Wisconsin

☆ Here's how workers use side gigs to make ends meet while unemployed
▼ + stars: | 2023-06-23 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: 1 min

Uber driver uses GPS navigation. Jaden Urbi | CNBCHow laid-off workers use side gigs as a bridgeWorkers who have a side hustle in the "online platform economy" — sites such as Airbnb, Etsy, Uber or TaskRabbit, for example, that help connect them with customers and facilitate payment — were more likely to have received unemployment than wage-only workers, according to a 2019 study of IRS data between 2009 and 2016. Researchers noted that other studies have found that kind of gig work can help "smooth income around shocks like job loss." "It's interesting that you're finding people using the wide range of internet platform opportunities to just earn a little money on the side while they're looking for a regular permanent job," Houseman said. How side hustles play into other layoff money moves

Persons: Jaden Urbi, Houseman Organizations: CNBC, Workers

☆ Regional Mexican Music Is Finding More Ears. Peso Pluma Is Helping.
▼ + stars: | 2023-06-22 | by ( Jon Pareles | ) www.nytimes.com time to read: +1 min

“Génesis,” the album released on Thursday by the Mexican songwriter known as Peso Pluma, could easily become a blockbuster. Its advance singles have already been streamed tens of millions of times. Other songs that Peso Pluma has released this year have racked up hundreds of millions of plays — among them “Ella Baila Sola” (“She Dances Alone”), his collaboration with the band Eslabon Armado, which reached No. Peso Pluma — Hassan Emilio Kabande Laija, 24, whose stage name translates as Featherweight — is at the commercial forefront among young Mexican and Mexican American musicians who are updating vintage sounds for a broad new audience, in songs known as corridos tumbados, or trap corridos. Regional Mexican music is a folky, organic alternative to nearly all the other best-selling 2020s pop.

Persons: “, Pluma, “ Ella Baila Sola, — Hassan Emilio Kabande Laija, He’s, Natanael Cano, ” Organizations: Grupo Frontera, Grupo Firme, Junior Locations: Mexican, Mexican American, Banda, United States, Mexico

☆ Here’s how Americans are booking their summer trips this year despite inflation
▼ + stars: | 2023-06-22 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

Americans are eager to travel this summer despite inflation-strapped budgets. The overall price of travel is up 16% from this time in 2019, according to the NerdWallet Travel Price Index. Car rental prices peaked in July 2021, according to NerdWallet, and have been consistently declining. Moreover, more than 60% of adults intend to travel for the July 4 weekend. International travel is particularly popular this summer, primarily due to pent-up demand, as this is the first summer without Covid-related travel restrictions, Berg said.

Persons: Hopper, Hayley Berg, Read, Berg Organizations: Finance, Amazon

☆ How to tell your company has layoffs planned. Some signs ‘will send shivers down your spine,’ career expert says
▼ + stars: | 2023-06-20 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Amazon, Dropbox and Lyft had the biggest layoffs in the tech industry for April. Google and Meta Platforms are responsible for the most tech layoffs since the pandemic, according to Layoffs.fyi. Look at WARN notices in your stateSo-called WARN notices can help workers figure out if layoffs are coming, Vivian Tu, a former trader turned influencer who goes by "Your Rich BFF," said in a March Instagram video. However, sometimes companies can avoid releasing these notices by spreading out the layoffs, said Susan Houseman, director of research for the W.E. "So maybe you're going to lay off 75, say you lay off 40 one month and 26 the next to avoid WARN notice," she said.

Persons: Daniel Grill, —, José Fernández, Lyft, Vivian Tu, influencer, BFF, Susan Houseman, Houseman Organizations: Challenger, Retailers, University of Louisville, Google, Worker, . Upjohn Institute, Employment Research

☆ The world’s most eco-conscious airlines
▼ + stars: | 2023-06-16 | by ( Elissa Garay | ) edition.cnn.com time to read: +12 min

CNN —Most sustainability experts will scoff at the idea of “sustainable” and “airlines” in the same sentence. In 2022, an Airbus wide-body Beluga XL transport aircraft was filled with Sustainable Aviation Fuel" (SAF) for the first time. WiderøeNorway-based Widerøe, the largest regional airline in Scandinavia, says it is on track to become one of the world’s first fully emissions-free airlines. Alaska AirlinesAlaska Airlines has invested heavily in Sustainable Aviation Fuels (SAF). AaronP/Bauer-Griffin/GC Images/Getty ImagesWhile most major global airlines are targeting 2050 for net-zero carbon emissions, Alaska Airlines intends to meet that target as soon as 2040.

Persons: ”, Pedro Piris, Sola Zheng, Sina Schuldt, Nicolas Jammes, ” Akbar Al Baker, “, Zheng, –, that’s, it’s, Beata Zawrzel, Fabrizio Gandolfo, Nicolas Economou, Bauer, Griffin, It’s Organizations: CNN, Environmental Defense Fund, International Council, Clean Transportation, Commercial, International Air Transport Association, UN, Airbus, Beluga XL, Sustainable Aviation, Qatar Airways, SAF, European Union, Google, Environmental Defense, Airlines, United Airlines United, Aerospace, United, Flight Fund, Widerøe Norway, Widerøe, Royce, SAS SAS, Scandinavian, SAS, Wizz, Wizz Air, Etihad Airways Etihad, Getty, Etihad Airways, United Arab Emirates, Boeing, Etihad, Alaska Airlines Alaska Airlines, Aviation Fuels, AaronP, Alaska Airlines, Air Canada Canadian, Air Canada Locations: Europe, Denmark, Sweden, ICCT, Scandinavia, Norway, Canada

☆ Fed's pause on interest rates is a blow to affordable housing in California
▼ + stars: | 2023-06-15 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: 1 min

Mortgage rates are likely to remain high despite the Federal Reserve's pause on interest rate hikes. While that may be good sign for fixed-income funds in California, the pause is a blow to affordable housing in the state, said Fiona Ma, California state treasurer, during the CNBC Financial Advisor Summit.

Persons: Fiona Ma Organizations: CNBC, Summit Locations: California

☆ Deinfluencing, explained: Forget the influencers. Here come the 'deinfluencers'
▼ + stars: | 2023-06-11 | by ( Faith Karimi | ) edition.cnn.com time to read: +8 min

Their messages are simple and straightforward: These items are overhyped, you don’t need them, and here’s why. Courtesy John O'DonnellIt comes as social media has become crucial for marketing products and services – especially to younger consumers. “Rather than saying buy this, they are saying – don’t buy this. Aria Connor, 36, creates lifestyle content on social media and says some deinfluencers are not in it for the right reasons. But social media advice on what to buy or what not to buy is not all that meaningful, she says.

Persons: ”, Kris Ruby, John O'Donnell, –, ’ ” Ruby, deinfluencing, haves ”, Louis, who’s, “, ” Michelle Skidelsky, ” Skidelsky, Michelle Skidelsky, Aria Connor, Connor doesn’t, Connor “, ‘, Ruby, Victoria Sola, deinfluencers, Sola Organizations: CNN, Ruby Media, Brands, “, Victoria Locations: Mains, Mikayla Mains, Canadian, influencers

☆ An extinct species buried their dead and carved symbols 100,000 years before humans. The findings challenge our understanding of human evolution, researchers say.
▼ + stars: | 2023-06-10 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

An extinct species called Homo naledi buried their dead 100,000 years before humans. The species, called Homo naledi, had brains about one-third the size of a modern human's, according to CNN. Until now, these behaviors had only been associated with larger-brained species such as Homo sapiens and Neanderthals. "These recent findings suggest intentional burials, the use of symbols, and meaning-making activities by Homo naledi. Homo naledi walked upright and manipulated objects by hand like humans, Berger said, but they were shorter, thinner, had smaller heads, and were more powerfully built, per CNN.

Persons: —, Homo naledi, paleoanthropologist Lee Berger, Berger, Lee Berger, Luca Sola, Agustín Fuentes Organizations: Service, Privacy, CNN, Geographic, Getty Locations: South Africa, Maropeng, AFP

Search resuls for: "Sola"

25 mentions found