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AdvertisementWarren Buffett shared advice on discussing inheritance with children in a nearly 1,500-word letter. Warren Buffett is sharing wisdom for parents: talk to your kids about their inheritance — before it's too late. Advertisement"When your children are mature, have them read your will before you sign it," Buffett wrote. in respect to testamentary decisions when you are no longer able to respond," Buffett wrote in the letter. Along with Melinda French Gates and Bill Gates, Buffett founded the Giving Pledge, a commitment for the world's billionaires to give the majority of their wealth towards philanthropy.
Persons: Warren Buffett, Buffett, they're, it's, Berkshire Hathaway, Susan Buffett, Howard, Peter, Susan, he's, jealousies, I've, Melinda French Gates, Bill Gates, Michael Bloomberg Organizations: Berkshire, Forbes
Gabbard and another contentious Trump pick — Pete Hegseth, who has been tapped to lead the Defense Department — came under sharpened scrutiny Sunday as the spotlight shifted from Matt Gaetz, Trump’s toppled choice to be attorney general. Trump’s pick of Hegseth is also facing uncertainty after the release last week of a 2017 police report detailing an alleged sexual assault in California. But the withdrawal of Gaetz — who was already widely disliked in Congress — may leave senators feeling they owe the president-elect on his other highly controversial choices. Trump’s new selection for attorney general, Pam Bondi, is meanwhile being welcomed by many Republicans, suggesting she’ll have an easier path to confirmation than Gaetz. But that would still leave the question of who is acceptable to Trump while being confirmable in the Senate.
Persons: Donald Trump’s, Tulsi Gabbard, Pete Hegseth, Defense Department —, Matt Gaetz, Trump’s, ” Democratic Sen, Tammy Duckworth, Bashar al, Assad, she’s, Republican Sen, Markwayne Mullin, Dana Bash, Duckworth, Gaetz —, Pam Bondi, general’s, , Russell Vought, Trump, Tesla, Elon Musk, Vivek Ramaswamy, Scott Bessent, Howard Lutnick, Cantor Fitzgerald, They’ll, Mike Waltz, ” Trump, Vladimir Putin’s, , he’s, Julian Assange, Edward Snowden, Gabbard, ” Sen, Adam Schiff of California, Gabbard’s, Mullin, , ” Missouri Sen, Eric Schmitt, Tennessee Sen, Bill Hagerty, she’d, Hagerty, ” Oklahoma’s, James Lankford, Bashar, Lankford, Bondi, We’re, ’ ” Lankford, Christopher Wray, Kash Patel, Patel, Trump’s MAGA, CNN’s Kaitlan Collins, ” Patel Organizations: CNN, Trump, Defense Department, CNN’s, Union, ” Democratic, Republican, Fox News, Justice Department, Management, GOP, Treasury, “ Fox, Florida Republican, Electoral College, Senate, Democratic, US, Transportation, Trump’s “, House Intelligence, Press, Oklahoma Republican, Army, , NBC, ABC, , intel, CNN Bondi, of Justice, FBI, Fox Business, Department of Justice Locations: CNN’s “ State, The Illinois, Washington, California, Florida, Ukraine, Moscow, Russia, Hawaii, Syria, Russian, Duckworth, “ State, Oklahoma and Missouri, ” Missouri, Japan, United States, Lago
The results showed that 78% of prospective buyers of AI-enabled iPhones would pay a monthly subscription to get unlimited access to Apple Intelligence features. Similar to Morgan Stanley, the Melius analysts pointed to the delayed release of Apple Intelligence. Similar to Morgan Stanley and Melius, we see Apple's iPhone upgrade cycle as a story in the coming quarters, rather than right now. Don't trade Apple." With the delayed rollout of Apple Intelligence, it's clear to us that users may take longer to switch up to newer models.
Persons: Morgan Stanley, iPhones, gamed, Said, Melius, Jim Cramer, Morgan Stanley's, Jim, It's, Apple's, Donald Trump's, Jim Cramer's Organizations: Apple Intelligence, Huawei, Apple, Research, Management, CNBC, Nurphoto, Getty Locations: China, India, Manhattan , New York
In addition, we will buy 5 shares of Eli Lilly at roughly $750. Separately, we can finally add to our position in Eli Lilly. We want to buy into this correction because Eli Lilly shares are back trading at an appealing valuation relative to its growth rate. If you look out to 2026, Lilly shares are trading at roughly 25 times. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Eli Lilly, Jim Cramer's, Bristol Myers, Chris Boerner, Karuna, Robert F, Kennedy Jr, Lilly, Jim Cramer, Jim Organizations: Myers Squibb, BMY, pharma, Karuna Therapeutics, FDA, JPMorgan, Bristol, of Health, Human Services, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, NYSE Locations: Bristol, New Jersey, U.S, New York City
AdvertisementApple, which avoided the ad business for years, might finally be getting serious about it. You can see how Google strategists are gaming out Apple's ad ambitions in a newly surfaced document. So, how big could Apple's ad business get? Apple's current ad business is mostly confined to selling ads on its App Store search results page. The rest of "Operation Black Walnut" is useful for anyone trying to imagine what an Apple ad business could look like if Apple decides to build one.
Persons: Apple, Amit P, Mehta, Apple hasn't, Jason Kint Organizations: Apple, Google, TAC
CNN —Ding Liren slumped over the board with fallen chess pieces scattered in front of him in the moments after he won the Chess World Championship last year. The Chess World Championship is an extraordinary, singular event. Zhang Shuo/China News Service/VCG/Getty Images“You lose weight during a chess tournament of this intensity. Several questions are running through a chess player’s head when an opponent makes a move, says Pein, rattling them off. Qualifying is so difficult that one appearance at a world championship might be all that a chess player can hope for.
Persons: CNN — Ding Liren, Ian Nepomniachtchi, , Bobby Fischer, ” Viswanathan “ Vishy ” Anand, China’s Ding, India’s Gukesh, Ding Liren, Russia's Ian Nepomniachtchi, Zhang Shuo, ” Malcolm Pein, Magnus Carlsen –, Ding, , Gukesh, Garry Kasparov, Anatoly Karpov, Karpov, Kasparov, Danny Rensch, it’s, Rensch, Vishy, Dipayan Bose, What’s, Carlsen, Nepomniachtchi, They’re, ” Rensch, ” Pein Organizations: CNN, Olympus, CNN Sport, China News Service, English, Daily Telegraph, YouTube Locations: Singapore
Throughout his sparkling career as an investor, Berkshire Hathaway chairman Warren Buffett has become a leading role model for those looking to accumulate wealth. Buffett shared new details of his estate plan in a letter published on Monday, elaborating on how he intends to transfer the vast majority of his fortune to philanthropic causes. "As a general matter, if you do not have an estate plan, the state will provide one," Reynoso says. To avoid confusion — and to keep your loved ones out of a lengthy and expensive legal process — you'd be wise to put together a basic estate plan. How to estate plan like Buffett
Persons: Warren Buffett, Buffett, he's, I'm, hadn't, it's, Jose Reynoso, Reynoso, Powers Organizations: Berkshire Hathaway, Wall Street, Private Wealth, Buffett Locations: Berkshire
Learn moreIf you're on the hunt for the best jewelry deals this gift-giving season, you should know that Mejuri is having its biggest sale to date. View at MejuriMejuri Curb Chain Bracelet $168.75 $225.00 Save 25% Our 14k solid gold pieces are made to last forever. M+ Members also earn early access to Mejuri sale events. When does the Mejuri Black Friday sale start and end? Is Black Friday a good time to shop Mejuri jewelry?
Persons: Selena Gomez, Pick Mejuri Puffy Charlotte Huggies, Gabrielle Chase Organizations: Business, Mejuri Locations: Canadian
AdvertisementNvidia CEO Jensen Huang said in a recent interview that today's AI doesn't provide the best answers. "We have to get to a point where the answer that you get, you largely trust," he said. The CEO said we're still "several years away" and that companies will need more computational power. Nvidia CEO Jensen Huang said today's artificial intelligence doesn't provide the best answers and that the world is still "several years away" from an AI we can "largely trust." During the Saturday interview, Huang said that pre-training or training a model on a large, diverse dataset before it's developed to perform a certain task will not be enough.
Persons: Jensen Huang, we're, Huang, ChatGPT, OpenAI Organizations: Nvidia, Hong Kong University of Science & Technology
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AdvertisementInterest rate cuts and stable GDP growth boost market optimism for 2025. But AI-driven stock market gains may not sustain, with S&P 500 returns possibly muted. Goldman Sachs advises diversifying investments, focusing on value stocks and foreign markets. An earlier note from Goldman Sachs projected that the S&P 500 could have muted returns at 3% annually for the next decade. AdvertisementFinally, consider growth stocks that aren't pegged to technology, such as Eli Lilly, Honeywell International, Vertex Pharmaceuticals, and Chipotle, among others.
Persons: Goldman Sachs, Donald Trump's, it's, Peter Oppenheimer, Goldman, Eli Lilly Organizations: Honeywell, Vertex Pharmaceuticals, American Locations: Japan, Europe
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's what to expect from the Department of Government Efficiency, or DOGEJason Furman, former Council of Economic Advisers chairman under Obama, and Doug Holtz Eakin, former Congressional Budget Office director, join 'Squawk Box' to discuss what government efficiencies can get done through executive actions, if DOGE can reach its goals, and much more.
Persons: Jason Furman, Obama, Doug Holtz Eakin Organizations: Department of Government, of Economic, Budget
An A.I. Granny Is Phone Scammers’ Worst Nightmare
  + stars: | 2024-11-25 | by ( Ali Watkins | ) www.nytimes.com   time to read: 1 min
Daisy Harris likes birds — there’s one outside her window. Her cat is named Fluffy, and she’d love to tell you about her knitting hobby. That’s the general vibe of a chat with Daisy Harris, an A.I.-generated granny unveiled this month by the big British phone company O2, as part of its efforts to curb phone scammers. She doesn’t have a badge, or a warrant, or any way to really stop them. But when an unlucky fraudster dials her number, Daisy does have the power to waste unlimited amounts of their time.
Persons: Daisy Harris, Daisy Organizations: O2
Whereas Burlington Stores, which appeals to a more brand-conscious and slightly more affluent demographic, sports a price-to-sales of 1.8 and is trading at 36 times forward earnings estimates. According to Placer.ai data, observed customers rose 5% YoY on a 91 trailing-day basis at Burlington and fell 3.2% at Kohl's stores. Kohl's stores implies an eye-watering 11.6% move versus a 10-year average of about 7%. Nevertheless, using "diagonals" as follows has payoff characteristics that are generally similar: Buy KSS Apr. 17 $15 put Sell KSS Nov. 29 $15.50 put Sell KSS Nov. 29 $18.50 call Buy KSS Apr.
Persons: Nordstrom, Kohl's, BURL Organizations: Burlington Stores, New York Fed, Traders, CNBC, NBC UNIVERSAL Locations: Burlington
AdvertisementTrump has been hard on EVs, but a new friendship with Elon Musk could change things. So far, Musk supports Trump's plans to dismantle EV tax credits. Automakers had hoped that Musk would support EV regulations and tax credits, but it appears the CEO is siding with Trump for now. An industry group representing many automakers (but not Tesla) pleaded with Trump to preserve EV tax credits but reconsider some of the more stringent emissions regulations. This was an about-face from Musk's stance a few months earlier when he advocated for trade barriers and warned that Chinese EV companies would "demolish" competition without guardrails.
Persons: Elon, Donald Trump, Elon Musk, Trump, he's, Trump's, Musk, Tesla Organizations: Trump, Biden, Government, Trump's, EV, Tesla, Twitter, US, Alliance, Automotive Innovation, Biden Administration Locations: Lago, China, Europe
"Kids' imagination can run wild with what they think they should be getting," he said. Well, that's exactly why you want to discuss it, and not "punt that mess for when you're not around," Boneparth said. A child with a spending problem might inherit a trust, Boneparth added, in which they receive their bequest in regular installments. Aitor Diago | Moment | Getty ImagesYou might ask the well-off child, McClanahan said, "'Do you really care how I leave our assets? "When you're creating your estate document, ask your children in advance what's important to them," McClanahan said.
Persons: Warren Buffett, Berkshire Hathaway Inc Daniel Zuchnik, Douglas Boneparth, Boneparth, Buffett, you'll, Carolyn McClanahan, Aitor, McClanahan Organizations: Berkshire Hathaway Inc, Planning Partners Locations: New York City, Jacksonville , Florida
Courtesy of Susie Buffett Laila Buffett poses with her three children -- from left, Roberta, Warren and Doris. Courtesy of Susie Buffett Buffett teaches a class at the University of Nebraska-Omaha. Courtesy of Susie Buffett Buffett married his first wife, Susan, in 1952. Courtesy of Susie Buffett Buffett poses for a photo in 1980. Daniel Acker/Bloomberg/Getty Images Buffett attends the world premiere of "Becoming Warren Buffett," a documentary about his life, in 2017.
Persons: Washington CNN — Warren Buffett, outlive, ” Buffett, I’ve, , Buffett, — Susie, Howard, Peter Buffett, , “ I’ve, Susan Thompson Buffett, Melinda Gates, Warren Buffett, Nati, Laila, Howard Buffett, Susie Buffett, Ernest, Susie Buffett Laila Buffett, Warren, Doris, Susie Buffett Warren Buffett, Susie Buffett Buffett, Susan, Peter, Lee Balterman, Salomon, Marcy Nighswander, AP Buffett, Buffett's, Mark Peterson, Curt Hudson, Arnold Schwarzenegger, Kathy Willens, Chris Machian, Dave Weaver, Michael Israel, John Sleezer, Bill Gates, Mario Tama, Barack Obama, Obama, doggedly, isn't, Jim Watson, Daniel Acker, Harry Benson, Getty Images Buffett, Astrid, David Cameron, Brendan Hoffman, Kristoffer Tripplaar, Alamy Buffett, Scott Eells, Chris, Franklin, Ndamukong Suh, Charlie Munger, Scott Olson, Huang Jihui, Jason Miller, Adam Jeffery, Hillary Clinton, Kempin, Forbes, Andy Kropa, Scott Morgan, Reuters Buffett, Andrew Harrer Organizations: Washington CNN, Berkshire Hathaway, Susan Thompson Buffett Foundation, Melinda Gates Foundation, Bloomberg, University of Nebraska -, Getty, Federal Reserve, AP, Omaha for Berkshire, California Gov, Wall Street, Schwarzenegger's, Kansas City Royals, Kansas City Star, Girl Scouts, Buffett, Microsoft, Getty Images, White, British, Woodrow Wilson High, Washington, Forbes, Harlem Globetrotters, Cleveland Cavaliers, Moon, NBA, CNBC, Reuters Locations: Omaha , Nebraska, Omaha, University of Nebraska - Omaha, Omaha for, Woodstock, Trenton , New Jersey, New York, AFP, Berkshire, Washington , DC, Illinois, Sun Valley , Idaho
255 rushing yards in a game is also the ninth-most ever recorded in a single game by one player. The 27-year-old had 73 yards in the first half before exploding for a 70-yard touchdown on the second half’s first play. “My whole mantra this offseason and this season: how consistent I can be day-to-day,” he said after the game. “Whether I rush for 250 yards or I rush for 50 yards, still come in on Monday and do the same thing. Daniels did continue his historic first NFL season as he joined Washington’s quarterback, Marcus Mariota, as the only rookie quarterbacks ever with at least 250 passing yards, 70 rushing yards, two touchdown passes and a rushing touchdown in a game.
Persons: Saquon Barkley, Barkley, Derrick Henry, Los Angeles Chargers –, , Jalen, , Jared Verse, he’d “, ” Barkley, Ronald Martinez, Kyren Williams, Barkley’s, Matthew Stafford, DeMarcus Robinson, Cooper Kupp, Luke Schoonmaker, Zach Ertz, KaVontae Turpin, KaVontae Turpin's, Timothy Nwachukwu, ” Turpin, Austin Seibert, Jayden Daniels, Mary, Daniels, Terry McLaurin, McLaurin, Seibert, Juanyeh Thomas, Mike McCarthy, Marcus Mariota, Patrick Mahomes, Mahomes, Noah Gray, DeAndre Hopkins –, Bryce Young’s, Chuba Hubbard, Spencer Shrader, Harrison Butker –, Grant Halverson, I’ve, you’ve, Russell Wilson, Travis Kelce, Antonio Gates, Tony Gonzalez, Jason Witten Organizations: CNN, Philadelphia Eagles, Sunday, Football, Los Angles Rams, New York Giants, Philadelphia, Eagles, Baltimore Ravens, Los Angeles Chargers, ” Eagles, ” Rams, Rams, NFC, Washington Commanders, Dallas Cowboys, Cowboys, Northwest, Washington, Chicago Bears, Dallas, ” Dallas, Washington’s, Chiefs, Kansas City Chiefs, Carolina Panthers, Panthers, Carolina Panthers Minnesota Vikings, Chicago Bears Tennessee Titans, Houston Texans Detroit Lions, Indianapolis Colts New England Patriots, Miami Dolphins Tampa Bay Buccaneers, New York Giants Dallas Cowboys, Denver Broncos, Las Vegas Raiders San Francisco 49ers, Green Bay Packers Arizona Cardinals, Seattle Seahawks Philadelphia Eagles, Los Angeles Rams Locations: Los Angeles, Landover , Maryland, Dallas, Washington, Carolina, Young
The software company behind Starbucks' payment and scheduling system has been experiencing a dayslong ransomware attack, causing outages that are disrupting employee pay. The attack on Blue Yonder, the company that makes the software, began on November 21 and has caused outages in Starbucks's system for tracking employee hours and payments. Starbucks told its employees that payment for the period ending on November 17 would be unaffected, but there may be discrepancies in the following pay period. The outage has forced employees to track their shifts using pens and paper, according to Bloomberg. The software company does not currently have a timeline for resolution of the issue, according to a webpage the company has published for customers impacted by the attack.
Organizations: Starbucks, Business Insider, Bloomberg, BI, Business, CNN, Sony Locations: America
AdvertisementElon Musk says a lot of us are doing it wrong when it comes to posting links on X. Musk says this will stop "lazy linking." For anyone who posts links to X, it's been intuitively clear that since Elon Musk took over, posts with links don't get the same reach as they used to. This just stops lazy linking. AdvertisementMusk says this is meant to stop "lazy linking" — which … I'm not sure exactly what that is.
Persons: Elon Musk, it's, Paul Graham, Elon, You've, they're, … I'm, that's, — Paul Graham Organizations: Elon, Twitter
The stock market rally for payments stock Fiserv is showing no signs of slowing down, and the company is winning over some new investors. "You roll all that together and you could wind up with like an 18%-20% type of earnings per share growth company," Burton said. Burton is the manager of NYLI Winslow Large Cap Growth Fund (MLAAX) , which has a four-star rating from Morningstar. He also manages two ETFs with similar strategies — the NYLI Winslow Focused Large Cap Growth ETF (IWFG) and NYLI Winslow Large Cap Growth ETF (IWLG) . Fiserv went public in 1986 and today has a market cap of $128 billion and 42,000 employees.
Persons: Patrick Burton, Burton, NYLI Winslow, Clover, Fiserv, Frank Bisignano, LSEG, Sanders, Alliance Bernstein, Lewis Sanders —, Dominic Ball, Ball, Michael Bloom Organizations: Winslow Capital Management, Growth, Morningstar, CNBC, Windsor Capital, Sanders Capital, Alliance Locations: Milwaukee, Fiserv, Atlantic
AdvertisementA DHL cargo plane crashed into a house near Lithuania's Vilnius airport. A DHL cargo plane crashed into a house near Lithuania's Vilnius airport, killing at least one person and injuring three others. The plane, a Boeing 737 aircraft en route from Germany, crashed outside Vilnius International Airport at around 5:30 a.m. local time, the airport said on Facebook. All 12 residents of the house that was crashed into are safe and have been evacuated, Reuters reported, citing information from a police press conference. "Residential infrastructure around the house was on fire, and the house was slightly damaged, but we managed to evacuate people," he added.
Persons: Valdas Benkunskas, Benkunskas, Benkuskas, Arūnas Paulauskas, Paulauskas Organizations: DHL, Boeing, Facebook, Swift Air, LEJ Airport, VNO, Associated Press, Reuters, AP, CNN Locations: Lithuania's Vilnius, Leipzig, Germany, Vilnius, Nepal, Lithuania, VNO
In July 2023, Mace described herself as “pro-transgender rights” and voiced support for children exploring their identities, such as by changing pronouns, hairstyles or clothing. Just a month after describing herself as “pro-transgender rights” and supporting children exploring their identities, Mace spoke out against transgender women competing in women’s sports. In texts with CNN, Mace reiterated her past support for LGBTQ rights, including voting for same-sex marriage. Mace, however, also described transgender individuals as needing to “seek help.”“Voted for gay marriage twice. “I strongly support LGBTQ rights and equality,” she said at the time.
Persons: Nancy Mace, , Sarah McBride of, Mace, ” Mace, Johnny, Jill ’ —, ” “, , , they’ve, Mike Johnson, McBride, “ I’m, Speaker Johnson Organizations: CNN — Republican, South Carolina Republican, Capitol, Democratic Rep, Republican, CNN, Capitol and, Louisiana Republican Locations: Sarah McBride of Delaware, Louisiana
AdvertisementMike Schur is known for clever, kind-hearted TV shows like "Parks and Recreation" and "The Good Place." Schur explained to BI why all his shows have a central theme of hope and his philosophy as a boss. Related storiesSchur's Hollywood success started with a stroke of good luckSchur with cast on the set of "Parks and Recreation." AdvertisementSchur's management style boils down to being a good personSchur, center, with the cast of "The Good Place" during Universal Television's TCA Studio Day events. Schur on the set of "The Good Place."
Persons: Mike Schur, Schur, Charles, Ted Danson, he's, Colleen E, who's, I've, Obama, Ben Cohen, It's, Greg Daniels, Daniels, Evans Vestal Ward, Colleen Hayes Organizations: Netflix, Recreation, Hayes, Hollywood, NBCU, Getty, Universal, NBC Locations: Purgatory, Chilean, Pacific, Hollywood
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