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☆ Why famed short-seller Carson Block won't bet against Tesla
▼ + stars: | 2024-10-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Famed short-seller Carson Block says he wouldn't bet against Elon Musk's Tesla. "I just won't bet against Elon." AdvertisementCarson Block, known for his shrewd short bets against companies, says he won't bet against Tesla. It's an about-face of sorts for Block, who said he'd bet against Tesla in the past. "I just won't bet against Elon."

Persons: Carson Block, Elon Musk's Tesla, Block, Elon, —, Carson, Tesla, Muddy Waters, … Elon, Tesla's, haven't, that's Organizations: Elon, Service, Muddy, Bloomberg

☆ 5 questions leaders face when adopting AI in hiring — and the solutions
▼ + stars: | 2024-10-21 | by ( ) www.businessinsider.com time to read: +7 min

During a recent Indeed Leadership Connect cohort, where like-minded TA leaders come together to share challenges and solutions, AI technology in recruiting was the main topic. How do hiring professionals respond to job candidates who are also using AI? When using AI tools to generate external-facing content, always include human oversight to mitigate the risk of irrelevant or biased content. This still saves time versus starting from scratch — and the more you use AI technology, the smarter it becomes. Key takeaways: Think beyond automation with AI; use the efficiency gains to rethink parts of your hiring process.

Persons: Amy Jordan, Trey Causey, Causey Organizations: TA, Connect, Insider Locations: Causey

☆ The US can 'ill afford' another war now its rivals are teaming up so well, US general says
▼ + stars: | 2024-10-21 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

The US can "ill afford" another war if conflict breaks out in East Asia, Gen. Charles Flynn warned. From the Middle East to Russia, authoritarian regimes are challenging US power. AdvertisementThe US Army's outgoing top commander in the Pacific region has warned that the US can "ill afford" another war because its military is vastly overstretched. "There's a limited regional war going on in the Middle East. We can ill afford another limited regional war in Asia.

Persons: Charles Flynn, —, North Korea —, Flynn, Russia's, Kim Jong, Russia's Vladimir Putin, GAVRIIL GRIGOROV, Kathryn Levantovscaia, Stephen Sklenka, haven't, Raphael Cohen Organizations: Service, Defense, —, Washington DC, North, Bloomberg, Observatory, Getty, Forward Defense, Atlantic Council, NATO, Sydney Morning Herald, RAND Corporation, Stockholm International Peace Research Institute Locations: East Asia, East, Russia, — Russia, China, Iran, North Korea, Taiwan, Europe, Asia, Ukraine, Pyongyang, United States, Stockholm

☆ China's attempts to save its flailing housing market haven't boosted confidence among top Wall Street analysts
▼ + stars: | 2024-10-20 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +5 min

On Thursday, China unveiled new measures to prop up its struggling property market. AdvertisementChina officials have directed a wave of stimulus measures at the country's beleaguered property market, but the effort hasn't done much to impress Wall Street experts. On Thursday, China unveiled new measures to prop up its flailing housing market, including quicker access to credit for developers and renovations in run-down urban areas. "While a step in the right direction, these stimulus measures are so far falling short of the scope and scale needed to reflate the Chinese economy. But Yingrui Wang, China economist at AXA Investment Managers, says that optimism could be short-lived as the housing stimulus lacks detail.

Persons: —, Wall, Goldman Sachs, haven't, Yingrui Wang, Wang Organizations: Service, Ministry of Housing, Ministry, BCA Research, AXA Investment, CSI Locations: China, Beijing, China's

The biggest travel trend of 2022 was to go big, spend big — with people eagerly booking bucket list-style trips to places like Bali, Rome, London and Paris. But two new reports show travelers are now in a very different headspace. Trend reports from Expedia and Booking.com show vacationers are forgoing splashy trips to global hot spots in favor of quieter trips to places that are lesser-known — and far less crowded. Some 63% of travelers said they are likely to visit an off-the-beaten-track destination on their next trip, according to Expedia's "Unpack '25," a travel trend report which surveyed 25,000 respondents from 19 countries. They want to move away and find equivalent destinations that haven't been discovered by that many people."

Persons: Japan Abu, James Marshall Organizations: France, United Locations: Bali, Rome, London, Paris, Expedia, Reims, France Brescia, Italy Cozumel, Mexico Santa Barbara , California Waikato , New Zealand Girona, Spain Fukuoka, Japan, Japan Abu Dhabi, United Arab Emirates, Thailand Canmore, Canada

☆ Trump aims for the stars as he links his campaign to Elon Musk's success at SpaceX
▼ + stars: | 2024-10-20 | by ( John L. Dorman | Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

At a Pennsylvania campaign rally in early October, Trump said he wanted to see human exploration on Mars by the end of his potential second term. That sort of rhetoric, whether intentional or not, links Musk's significant technological success with Trump's own campaign. It remains to be seen, however, just how influential Musk's success at SpaceX, or his other companies, and his campaigning will be with voters who are still on the fence. SpaceXBut SpaceX's achievement and Musk's ties to Trump could give the former president added support with some undecided voters. "Elon Musk, who's having so much success driving things from the private sector, is a guy that wants success in the federal government."

Persons: Elon Musk, Trump, —, It's, Donald Trump, Elon, Ohio Sen, JD Vance, Trump's, Tesla, X —, he's, Kamala Harris, Harris, Max, Anna Moneymaker, Musk, Peter Loge, Loge, Vance, Walz, Musk's, Elizabeth Chartier —, Harris —, SpaceX's Organizations: SpaceX, Service, GOP, Trump, Trump " America PAC, School of Media, Public Affairs, George Washington University, Republicans, NBC, Independents, Philadelphia Inquirer, Biden Locations: Pennsylvania, Ohio, Philadelphia, Musk's, Folsom , Pennsylvania, America, Butler , Pennsylvania, Folsom

☆ The index fund cushion is an equal opportunity booster for stocks
▼ + stars: | 2024-10-20 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

S & P 500 money is oblivious to stock valuations of any kind and ignorant to upgrades and downgrades. The Lilliputian sellers regularly fail to do damage when matched with the oblivious index money. A 4% 2-year note isn't competitive to the magnet of the S & P 500 and its kin. That's emblematic of what happens with a big buyback without stock-based compensation (something many tech firms use that renders moot the S & P 500 inflows). Because of the way that the S & P 500 money is divvied up, the share base becomes overwhelmingly index-fund based and the index fund shareholders do not sell.

Persons: Morningstar, Smoot, Herbert Hoover's, Warren Buffett, Buffett, Jerome Powell, haven't, Charlie Scharf, Wells, Banks, Charlie, Morgan Stanley, Ted Pick, James Gorman, Schwab, Gamble, Jim Umpleby, that's, Butch Cassidy, Jim Cramer's, Jim Cramer, Jim, Charles Scharf, Kyle Grillot Organizations: Federal Reserve, Commerce Department, Taiwan Semi, Trust, Fed, Triple AAA Robinhood, Morgan, Procter, United Airlines, Exxon, Caterpillar, Boeing, Apple, Meta, Sundance, Jim Cramer's Charitable, CNBC, Milken Institute Global Conference, Bloomberg, Getty Locations: Hawley, McCumber, Taiwan, Arizona, American, Wells Fargo, Wells, China, Chevron, Beverly Hills, Calif

☆ The under-the-radar bull case for bitcoin that's got nothing to do with the election or the Fed
▼ + stars: | 2024-10-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Bitcoin that's lost either when an investor dies or is simply locked out of their wallet reduces available supply. Estate planning is crucial for bitcoin investors who store the coin on a cold wallet, experts say. Satoshi Nakamoto being deceased would potentially soothe a big fear that's loomed over the bitcoin market for years, which is that the person could sell their estimated 1 million bitcoin. If no one has your private key, the funds will be locked permanently," Wealthica CEO Eric Lemieux told Business Insider. Otherwise, more lost bitcoin could mean even higher prices for the crypto.

Persons: Bitcoin that's, —, Donald Trump, Satoshi Nakamoto, Len Sassaman, Satoshi, Sean Farrell, Farrell, That's, bitcoin, Eric Lemieux, Lemieux Organizations: Service, HBO, Yorker Locations: American, Wales

☆ Investors are piling into real estate as values skyrocket by up to 38%. 13 metros with the highest gains, and 25 that are plunging.
▼ + stars: | 2024-10-19 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Mortgage rates stayed high despite rate cuts, attracting cash-heavy investors to the housing market. AdvertisementDespite the central bank cutting interest rates, mortgage rates haven't followed suit. RedfinBut whether they're buying or selling, investors have been doing quite well regarding capital gains, says Elijah de la Campa, a senior economist at Redfin. Below is a list of the 39 major metro areas in descending order of median capital gains over the past year into June. What stands out most to de la Campa is that many areas with the highest capital gains are affordable, particularly Philadelphia and Warren, MI.

Persons: —, Lily Katz, Katz, Elijah de la, Campa Organizations: Providence, Service, Investors Locations: Cities, San Jose, Denver, Oakland, San Jose , CA, Portland, Oakland , CA, Providence , RI, Philadelphia, Warren , MI

☆ Drug costs, abortion, Obamacare: How Trump and Harris could change U.S. health care
▼ + stars: | 2024-10-19 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +18 min

He said a Harris administration "will build on existing programs, increasing federal spending to make health care more affordable for people." Still, Socal said a Trump administration wouldn't have much flexibility to dismantle or scale back the law without change from Congress. The IRA extended enhanced subsidies that made ACA health plans more affordable for millions of households through 2025 — a provision Harris plans to make permanent if elected, her campaign said. A Democratic House or Senate would likely block any of Trump's sweeping changes to Medicaid, according to Altman. Vance this month also said a future Trump administration would defund Planned Parenthood.

Persons: Donald Trump, Kamala Harris, Trump, Drew Altman, Harris, KFF, Anna Moneymaker, Biden, Joe Biden's, Mariana Socal, Socal, didn't, Stephen Patrick, KFF's Altman, Nathan Posner, Altman, Bill Clark, Roe, Wade, Joe Raedle, Stacey Lee, Johns, Lee, mifepristone, Sen, JD Vance, Trump's, Vance, Nicholas Kamm Organizations: Democratic, U.S, U.S . Naval, Getty, Reuters, CNBC, Congress, The Commonwealth Fund, RAND, U.S . Department of Health, Human Services, Washington , D.C, Republicans, Johns Hopkins Bloomberg School of Public Health, Trump, wouldn't, Biden, Medicare, Emory University, Lawmakers, Affordable, ACA, Medicaid, Democrats, White, Anadolu, Social Security, Capitol, CQ, Inc, The New York Times, Siena College, PBS, Prime, Convention, Johns Hopkins Carey Business School, Republican Party, U.S . Senate, Food and Drug Administration, FDA, CNN, Afp Locations: Israel, Washington, U.S, Washington ,, Canada, Jacksonville , Florida, Ohio

☆ Here's why inflation may look like it's easing but is still a huge problem
▼ + stars: | 2024-10-19 | by ( Jeff Cox | ) www.cnbc.com time to read: +8 min

Inflation is not deadDaly began her talk with an anecdote of a recent encounter she had while walking near her home. But the conversation encapsulated a dilemma for the Fed: If inflation is on the run, why are interest rates still so high? As evidenced by the young man's question, convincing people that inflation is easing is a tough sell. watch nowThe annual rate of CPI inflation was 2.4% in September, a vast improvement over the 9.1% top in June 2022. However, year-over-year spending increased just 1.7%, below the 2.4% CPI inflation rate.

Persons: Brandon Bell, Goldman Sachs, Mary Daly, Daly, Goldman, Jerome Powell, —, hasn't, haven't Organizations: Walmart, Federal Reserve, San Francisco Fed, New York University Stern School of Business, Commerce Department, Fed, York Fed, Bank of America, National Federation of Independent Business Locations: Austin , Texas, U.S, , Wyoming, Atlanta, York

☆ The 7 biggest storylines of this Formula 1 season — and their impact on the sport's future
▼ + stars: | 2024-10-18 | by ( Gregory Leporati | ) www.businessinsider.com time to read: +7 min

Red Bull is no longer dominantMax Verstappen and Red Bull Racing haven't been as dominant this season. Dan Istitene/Getty ImagesIn a surprising midseason driver swap, Daniel Ricciardo was cut from RB F1, Red Bull Racing's sister team. Audi / Getty ImagesLast week, Toyota announced it would return to Formula 1, joining forces with the Haas F1 team. Audi is poised to join Formula 1 in 2026, taking over the Stake F1 Team Kick Sauber. The American manufacturer Ford also plans to partner with Red Bull in 2026 to provide the team with power units.

Persons: It's, Lewis Hamilton, Bryn Lennon, Mercedes, —, Red Bull, Max Verstappen, haven't, Mark Thompson, McLaren's Lando Norris, Verstappen, Verstappen hasn't, Red, Christian Horner, Adrian Newey, McLaren, Andrea Stella, Lando Norris, Song, Oscar Piastri, Bull, Aston Martin, Adrian Newey Adrian Newey, Bradley Collyer, he'd, Lawrence, Fernando Alonso, Daniel Ricciardo, Daniel Ricciardo's, Dan Istitene, Ricciardo, Yuki Tsunoda, Andrea Kimi Antonelli, Oliver Bearman, Joe Portlock, Liam Lawson, Ferrari's Carlos Sainz, Jack Doohan, they're, Ford Organizations: Ferrari, Mercedes, Red, Miami Grand Prix, Miami Grand, McLaren, Aston, Red Bull, RB F1, Netflix, NASCAR, Alpine, Audi, Getty, Toyota, Haas F1, Haas, Formula, Stake Locations: British, Hamilton, Red, New Zealand

☆ 2025 could bring a wave of healthcare IPOs. Here's what startups should know, according to a top banker.
▼ + stars: | 2024-10-18 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +8 min

The healthcare market looks nearly ready for the next wave of IPOs. But the next wave of public healthcare companies looks to be on the horizon. At least two healthcare companies are considering public-market debuts in the not-so-distant future. SVB SecuritiesI spoke with him about what the next wave of healthcare IPOs could bring — and which healthcare startups are in the best position to test the public markets. What models do you expect the healthcare market to favor in this next round of IPOs?

Persons: Jon Swope, —, It's, Health confidentially, haven't, there's, Waystar, healthtech Organizations: Barclays, Service, Health, healthtech, SVB Securities, Accolade, Healthcare, Walmart, Big Tech Locations: IPOs, healthtech, Waystar

Keep reading to learn where to watch the Liberty vs. Lynx, whether you have cable or are seeking a live streaming alternative. What channel is Liberty vs. Lynx on? Game 4 of the Liberty vs. Lynx WNBA Finals match-up will be broadcast on ESPN in the US. ET, but WNBA Countdown coverage begins at 7:30 p.m.Where to watch Liberty vs. Lynx in the USCord-cutters can watch the game through most major live TV streaming packages, including Sling TV, Fubo, and DirecTV Stream. Check price at ExpressVPNHow to watch Liberty vs. Lynx with a VPNSign up for a VPN if you don't already have one.

Persons: Sabrina Ionescu, they'll, Napheesa Collier's, Fubo, ExpressVPN Organizations: Business, Liberty, ., The New York Liberty, Las Vegas Aces, Minnesota Lynx, New York, Lynx, . Lynx, ESPN, Sling, DirecTV, ESPN2, ESPN3, DirecTV Stream, Basketball Locations: Minneapolis, New York, Minnesota, Fubo

☆ Anna Kendrick on Her Movie Roles: 'Twilight,' 'Pitch Perfect,' 'a Simple Favor'
▼ + stars: | 2024-10-18 | by ( Olivia Singh | ) www.businessinsider.com time to read: +13 min

It's the exact kind of self-deprecating candor Kendrick is known for, with her scene-stealing turns in movies like the "Twilight" series and the "Pitch Perfect" films. On being a 'bystander' to the 'Twilight' pop culture phenomenonAnna Kendrick as Jessica Stanley in "The Twilight Saga: Breaking Dawn — Part 1." Summit EntertainmentIt's been 16 years since the first "Twilight" movie came out. On the 'Simple Favor' sequel having even more plot twists than the first filmAnna Kendrick as Stephanie Smothers in "A Simple Favor." AdvertisementBut yeah, that Shondaland, they're really excellent at keeping you absolutely hooked in because even if something terrible happens, it's like, I can't look away.

Persons: Anna Kendrick, Kendrick, candor Kendrick, Paul, Alice, Darling, Sheryl, they're, Rodney Alcala, Alcala, Cheryl Bradshaw, she's, Jessica Stanley, —, It's, George Clooney's, Rebel Wilson, Amy, Universal Pictures George Clooney, George, Anna Camp, Elizabeth Banks, They're, that's, Meryl Streep, Chris Pine, Meryl, Clooney, Stephanie Smothers, I'd, John Schwartzman, I'm, Claudia Jessie, Eloise Bridgerton, Liam Daniel, John Krasinski, John, Goddammit Krasinski Organizations: Air, Universal Pictures, Lionsgate, Netflix Locations: Hollywood, I'm

☆ Why 401(k) plans are the 'final frontier' for exchange-traded funds
▼ + stars: | 2024-10-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Momo Productions | Digitalvision | Getty ImagesWhile many investors have flocked to exchange-traded funds, they haven't gained much ground with 401(k) plan participants. The report found that 401(k) plans used ETFs most readily for sector and commodity funds — but even then, they did so just 3% of the time. Key benefits are 'irrelevant'Mutual funds, collective investment trust funds and separately managed accounts held the lion's share of the 401(k) assets across all investment categories, PSCA data shows. However, those benefits are "irrelevant" in 401(k) plans, Blanchett said. Blanchett said 401(k) plans are also long-term accounts in which frequent trading is generally not encouraged.

Persons: Momo, David Blanchett, hasn't, Philip Chao, Chao, Warren Buffett's, Blanchett Organizations: Exchange, Mutual, Morningstar, Investment Company Institute, ICI, of America, Vanguard Locations: John , Maryland

☆ My husband and I share phone and social media passwords. It makes me feel secure in our relationship.
▼ + stars: | 2024-10-17 | by ( Cailey Griffin | ) www.businessinsider.com time to read: +5 min

Cynthia Loya, 28, can access her husband's phone and social media accounts. Cynthia's husband, Jorge Loya, 27, shared his phone and social media account passwords with Cynthia while they were dating. AdvertisementHe gave me his passwords 3 months into datingAbout three months into dating, he randomly texted me his phone and social media passwords. Before meeting my husband, I caught my previous partner talking and flirting with other women on social media. I wanted to make sure he wasn't talking to or flirting with other people on social media like my last partner.

Persons: Cynthia Loya, Jorge Loya, Cynthia, —, Jorge, we're, I've Organizations: Service, Facebook

My girlfriend and I never talked about pet insurance — that changed when our cat got cancer. I haven't decided whether pet insurance is right for my needs, but I know I'm willing to take on debt for my pets. But without pet insurance, we had to make tough decisions as we tried to save his life. The primary reason is that pet insurance is worse than pre-Obamacare human insurance, and it doesn't cover pre-existing conditions. Get Pet Insurance Quotes Find affordable pet insurance policies with Petted.

Persons: I haven't, —, I've, Wyatt, it's, wasn't, she'd, didn't, Chester, I'm Organizations: Service Locations: Chester

☆ A tough new EU cyber law is off to a messy start, with many countries failing to adopt the rules
▼ + stars: | 2024-10-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

The EU's NIS 2 cybersecurity directive sets a high benchmark for companies over their internal cybersecurity systems and practices. On Thursday, the new directive officially became enforceable by member states. However, most EU member states have yet to implement NIS 2 in their own respective national laws, meaning that enforcement is likely to be spotty. NIS 2 — or the Network and Information Security Directive 2 — is an EU directive that aims to increase the security of IT systems and networks across the bloc. Fladgate's Wright said that effectiveness of NIS 2 as a regulation will largely depend on consistent implementation and enforcement across EU member states.

Persons: Andrew Brookes, Bulgaria — haven't, Tim Wright, Fladgate's Wright, Chris Gow, Gow, Carl Leonard, Leonard Organizations: Getty, NIS, Research Federation, CNBC, and Information, EU, General Data Locations: Portugal, Bulgaria, EU

☆ Don’t apply for a job just to use it as leverage: ‘It is a bridge burner’
▼ + stars: | 2024-10-17 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

Whatever the reason, it might occur to you to try to get a new job opportunity just to leverage it for something better. "For me, the short answer is no," says Amanda Augustine, career expert at TopResume. If you're interested in a job, you apply and get the offer, that's a different situation. In the same way you'd be wasting your time, you'd also be wasting your prospective employer's. "If you're going to put [the job offer] out there," says Augustine, "oftentimes employers will see that as an ultimatum and they will say sayonara."

Persons: you've, haven't, isn't, Amanda Augustine, I'm, Stacie Haller, Augustine, you'd, Haller, DON'T

☆ Taylor Swift shook off publishers for her new book. That could spell trouble for the rest of the industry.
▼ + stars: | 2024-10-17 | by ( Samantha Grindell | Madeline Berg | ) www.businessinsider.com time to read: +11 min

Taylor Swift is self-publishing "The Eras Tour Book" and releasing it exclusively at Target. By excluding traditional publishers, Swift ensured she would get more of the book's revenue. With her latest announcement, the singer is back to her business-disrupting playbook with "Taylor Swift | The Eras Tour Book." AdvertisementIn what most closely resembles her book deal, Swift self-produced last year's "Taylor Swift: The Eras Tour" film. "Obviously, Taylor Swift is sort of a case under herself for this stuff in terms of just her reach," Hane said.

Persons: Taylor Swift, Swift, —, she's, it's, Clayton Durant, Simon &, Erik Hane, they're, It's, Ashok Kumar, Courtney Maum, Jessica Maddox, Gareth Cattermole, Maddox, Hane, Vittorio Zunino Celotto, Durant, vinyls, Taylor, John Shearer, Beyoncé, Paul Dergarabedian Organizations: Target, Service, Taylor Swift Publications, Nation School of Music, Sports, Entertainment, Simon & Schuster, Macmillan, HarperCollins, Hachette —, Literary, University of Alabama, Department, Universal Music, Big, Bloomberg, Poets Department, AMC, Mojo, Disney Locations: Long, Target, London, TikTok, Milan

☆ Uncovering the mysterious side of art pricing. ‘Everyone’s trying to make money’
▼ + stars: | 2024-10-17 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +8 min

"There's very little genuine information and data on pricing," he told CNBC via video call. CNBC contacted a dozen New York City art galleries and the same number in London to request price lists for their current exhibitions. "The degree of popularity, the level of scarcity and the degree of credentialization [or] … if something has organically captured the zeitgeist," are factors, he told CNBC by phone. "Despite more online information aiding discovery and valuation, there really isn't a highly liquid global marketplace, contributing to perceptions and realities of 'black box' pricing," Tjan told CNBC in a follow-up email. Making art affordableA visitor takes a photo at the Affordable Art Fair Hong Kong, on May 16, 2024.

Persons: Harriman, they're, Paul Hewitt, Gosia Łapsa, London gallerist, Williams, Tony, Malawska, I've, I'm, Tony Tjan, Charlotte Black, Artclear, Shantell Martin, Bryan Bedder, Black, Tjan, Will Ramsay, Ben Marans Organizations: Getty, CNBC, Foundation Law, New, Society of London Art Dealers, Jeune, Ball, Art Locations: New York City, London, New York, London gallerist Lucca Hue, Hue, U.K, British, Hong Kong

☆ Holiday shoppers plan to spend more, while taking on debt this season
▼ + stars: | 2024-10-16 | by ( Jessica Dickler | ) www.cnbc.com time to read: 1 min

watch nowAmericans often splurge on gifts during the holidays. This year, holiday spending from Nov. 1 through Dec. 31 is expected to increase to a record total of $979.5 billion to $989 billion, according to the National Retail Federation. Even as credit card debt tops $1.14 trillion, holiday shoppers expect to spend, on average, $1,778, up 8% compared to last year, Deloitte's holiday retail survey found. Meanwhile, 28% of holiday shoppers still haven't paid off the gifts they purchased for their loved ones last year, according to another holiday spending report by NerdWallet. How shoppers pay for holiday giftsThe problem with credit cards and BNPL

Organizations: National Retail Federation, NerdWallet

☆ Stifel’s Barry Bannister sticks to his bearish market stance
▼ + stars: | 2024-10-16 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Over the past month, the S & P 500 has climbed 3.2% to break above 5,800 for the first time. "Despite all the soft-landing and Fed rate cut optimism, the S & P 500 up almost 40% y/y has simply over-shot," he wrote in a note to clients. "S & P 500 over-valuation has been supported by (and fully reflects) the Fed likely cutting the real funds rate," he added. This summer, he said he expected the S & P 500 to fall to 5,000 by the fourth quarter. While not included in CNBC Pro's Market Strategist Survey , that forecast would mark Stifel as the second lowest among those surveyed.

Persons: Barry Bannister, Stifel, manias, Bannister Organizations: Federal Reserve, CNBC Pro's, Survey, Citi, Cisco Systems

☆ 'October theory' explains why fall is a better time for hitting your goals than New Year's
▼ + stars: | 2024-10-16 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +4 min

'October theory' originated on TikTok and is the belief that fall is the best time to set goals. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . For those who struggle to meet their yearly goals, the issue might just be timing. According to "October theory," a concept that originated on TikTok in 2023 and recently went viral, people feel more motivated to set and pursue goals because they realize the year is almost over. They would reflect on their year so far and help each other set 90-day goals to finish it out strong.

Persons: —, Patricia Dixon, Kiki Ramsey, Ramsey, Dixon Organizations: Service, Business, Ramsey

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