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☆ I've made a conscious decision not to be a helicopter parent. My oldest child was walking alone to the library by the time he was in 1st grade.
▼ + stars: | 2024-10-21 | by ( Jane Ridley | ) www.businessinsider.com time to read: +4 min

Jen Komaromi describes her parenting style as "free range" because she allows her kids more freedom. The 51-year-old was happy for her son, then 15, to fly solo to France and change planes in Paris. 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. When Jack was in first grade, he started walking solo from school to the library, which was pretty much next door but involved crossing a road.

Persons: Jen Komaromi, —, Jack, Kevin, Jack texted, he'd, Charles de Gaulle, Evie, I've, I'd, They've Organizations: Service, Air, Business Locations: France, Paris, Bay, Air France, San Francisco, Lyon, Komaromi

☆ Big banks are bracing for losses as Americans struggle to pay off debt
▼ + stars: | 2024-10-21 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

American consumers and businesses are having a hard time paying off credit card, auto, and commercial real estate debt. Bank CEOs said on recent earnings calls that elevated prices and interest rates continue to weigh on Americans. According to Federal Reserve data, the past-due debt share for credit card, auto, and commercial real estate has recently risen to above pre-pandemic levels. That's because some loans are coming due — forcing businesses to refinance at much higher interest rates. The financial roller coaster of pandemic payments, whipsawing inflation, and high interest rates are especially affecting lower-income Americans.

Persons: —, Wells Fargo's, haven't, Bruce McClary, David Schiff, Schiff, Edmunds, Stephen Biggar, Biggar, Jane Fraser, Brian Moynihan, Charles Scharf, Wells, Jeremy Barnum, There's, I'm Organizations: Bank, Service, Federal Reserve, Business, Bank of America, JPMorgan, Citigroup, Bank of, New, Fed, National Foundation, Credit, Argus Research, Bank of America's Locations: Wells Fargo, delinquencies

Creator-economy startup Jellysmack is reorganizing and cutting some staff, Business Insider is exclusively reporting. "Jellysmack is making organizational adjustments to better align resources with key areas of growth," a representative told BI in an email. While we are scaling back certain operations in our Creator Program on Meta due to the opacity of their new monetization model, we remain dedicated to supporting our key creator partners and ensuring they continue to benefit from our platform." The company said in early 2022 that it would set aside $500 million for a program called JellyFi to license creator catalogs . Despite Jellysmack's expansion into new areas of the creator economy, its business had been increasingly troubled, insiders told BI earlier this year.

Persons: SoftBank, —, Jellysmack, Michael Philippe, Jelly Organizations: Business, Service, YouTube, Meta, Facebook, Copyright Capital Locations: France

☆ Convenient No More: Why CVS, Walgreens, 7-11 Are in Trouble
▼ + stars: | 2024-10-21 | by ( Emily Stewart | ) www.businessinsider.com time to read: +14 min

What's more, many pharmacies serve as a convenient destination for all sorts of essentials, from aspirin to mascara. Big chains like Walgreens and CVS make their money in two main ways: selling prescriptions in the back of their stores and selling everyday goods out front. As Walgreens and CVS stores have proliferated over the past decade or so, many of their locations are basically right on top of each other. On the other end of the business, pharmacies are expensive to run. In the current landscape of commoditized pharmacies, there's no such thing as personalized service.

Persons: What's, Elizabeth Anderson, Neil Saunders, nilly, they've, Douglas Hoey, Jason Goldberg, Waits, Duane Reade, Brian Tanquilut, I've, Goldberg, Saunders, I'm, Nick Fabrizio, Steven Anderson, Fabrizio, Emily Stewart Organizations: Walgreens, CVS, Rite, Evercore ISI, Walmart, National Community Pharmacists Association, Express, Groupe, Jefferies, MTV, Cornell University, National Association of Chain Drug, Business Locations: mascara

☆ Sam's Club CEO wants you to feel like you're shopping in the future
▼ + stars: | 2024-10-21 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +8 min

Sam's Club CEO Chris Nicholas tells BI he wants shoppers to have all three. The Grapevine Sam's Club is literally bristling with tech, not just in the form of the hulking blue AI-powered gateways. Sam's Club has also been a test-bed for retail concepts that eventually find their way into Walmart's 4,600 US stores and beyond. He, too, previously served as Sam's Club CEO. "My hope is that Sam's Club, when you shop, feels like what it's like to shop in the future.

Persons: Chris Nicholas, Nicholas, —, Dominick Reuter, it's, Sol Price —, Sam Walton, Sam's, John Furner, Doug McMillon strolled, jogger sweatpants Organizations: Sam's, Service, Costco, Walmart, Shoppers, innovating, Grapevine Sam's, Business, Sam's Club Locations: Texas, Grapevine , Texas, Grapevine, Dallas, Walmart's

☆ Jim Cramer says not to panic over higher bond yields
▼ + stars: | 2024-10-21 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer examined Monday's market action and said investors shouldn't be too concerned about rising bond yields. "Stocks have soared with bond yields at these levels before; in fact, they've soared with the 30-year at 5%, they've soared with the 30-year at 6%, so let's stop it with the jeremiads." The indexes ticked lower on Monday as bond yields jumped, with the Dow Jones Industrial Average losing 0.8% and the S&P 500 dipping 0.18%. But Cramer noted that the stock market has "had a fabulous run," even as bond yields have been creeping up. Cramer acknowledged that some investors, particularly traders with a more short-term view, are inclined to automatically trim stocks when bond yields rise.

Persons: CNBC's Jim Cramer, shouldn't, Cramer Organizations: Dow Jones Industrial, Nasdaq, Federal

☆ What running a community for C-suite moms taught me about how to succeed
▼ + stars: | 2024-10-21 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

Marika Frumes founded Mysha because she wanted a community of high-powered moms. It was strange because I had made a career of bringing people together, especially as the cofounder of HER, a network for professional women. I said I wanted to talk to other professional women delivering a baby within two months of when I had my son. Related storiesBecause of the world I lived in, most of the people in my first pod were ambitious professional women. AdvertisementToo often, we're in echo chambers, like the conversation around professional moms versus stay-at-home moms.

Persons: Marika Frumes, —, Mysha, That's, They've, I've, It's, Erica Komisar Organizations: Service, Facebook Locations: —, LA , New York, Miami, Mysha

☆ I couldn't afford retirement in the US on $3,000 a month, so I moved abroad. I've lived in 43 countries and am happier.
▼ + stars: | 2024-10-21 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +8 min

Bour, now 70, and his wife worried about affording retirement in the US and moved abroad in 2019. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThis as-told-to essay is based on a conversation with Norman Bour, 70, who, along with his wife, left the US for Europe to live abroad in 2019. Courtesy of Norman BourMy girlfriend at the time, now wife, and I left the US in February 2019. While living abroad, we self-insure.

Persons: Norman Bour, —, they've, We've, We'll, we'll, Bour Organizations: Service, Social Security, Petronas Locations: California, Bour, Malaysia, Europe, Los Angeles, Costa Mesa , Orange County, Orange, United States, Valencia, Spain, South America, Asia, Albania, Bulgaria, Croatia, Ecuador, Germany, Greece, Italy, Mexico, New Zealand, Peru, Portugal, Romania, Slovakia, Slovenia, Southern California, Copenhagen, France, Nice, Australia, Vietnam, Thailand, Bali, Kuala Lumpur, Batu, Sicily, Malta, Sardinia, Balkans, Eastern Europe

☆ A retired Florida cop moved to Thailand with his wife and dog. He says his new life is cheaper, safer, and less stressful.
▼ + stars: | 2024-10-21 | by ( Amanda Goh | ) www.businessinsider.com time to read: +11 min

A month after retiring from his 26-year career in law enforcement, Fred Jones moved from Florida to Thailand. Fred Jones and his wife left Florida and moved to Chiang Mai, Thailand, last year. Fred Jones. Fred Jones. Fred Jones.

Persons: Fred Jones, Chiang Mai, —, " Jones, Chiang, Jones, familiarizing, They've, aren't, Johnny Ward, James Bond, John Walker, he's, you've Organizations: Service, Facebook, Google, Florida —, Registration Administration Locations: Florida, Thailand, Chiang Mai, Ecuador, Vietnam, Southeast Asia, Lake County , Florida, Bangkok, Thai, Doi Saket, Chiang Mai province, Italian, France , New Zealand, America, United States, Chiang, Asia

☆ KKM Financial's Essential 40 stock fund is now an ETF
▼ + stars: | 2024-10-21 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

KKM Financial has converted its Essential 40 mutual fund into an ETF, joining the growing shift by asset managers to a more tax-efficient fund model. "A lot of the wealth advisors that I work with really have issues with the capital gain distribution typical to a mutual fund." The newly converted KKM fund will trade on the Nasdaq under the ticker ESN. The old mutual fund version of the Essential 40 had a three-star rating from Morningstar. The ETF will have a net expense ratio of 0.70%, equal to that of the old mutual fund.

Persons: Jeff Kilburg, Eli Lilly, Morningstar, They've Organizations: KKM, CNBC, SEC, Securities and Exchange Commission, Nasdaq, JPMorgan Chase, Waste Management, Morningstar Locations: U.S

☆ JPMorgan issues short-term buy call on China electric car stock
▼ + stars: | 2024-10-21 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Analyst Nick Lai, who has an overweight rating on the Chinese electric vehicle maker, added Xpeng to the Wall Street bank's positive catalyst watch list in a 17-page report out Sunday. This comes amid JPMorgan's forecast that EREVs and plug-in hybrid electric vehicles combined will make up about 60% of the new energy vehicle market by 2030 – almost double last year's figure. Another event that could drive the stock higher is Xpeng's third-quarter results next month, which Lai thinks will show expanded gross profit margins. Heading into 2025, Xpeng should see more volume growth, JPMorgan said, with the bank forecasting 72% volume growth in 2025. As a result, Xpeng should see positive free cash flow next year and a profit in 2026, according to Lai.

Persons: Nick Lai, Lai, BEV, –, Max, Mona, Xpeng, they've Organizations: JPMorgan Locations: 4Q24, 1Q25, Xpeng

☆ Billionaire Ripple founder has given more than $11.8 million to Harris campaign
▼ + stars: | 2024-10-21 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Including Larsen's August contribution of $1 million worth of XRP tokens, the billionaire has given more than $11.8 million to PACs supporting the Harris campaign, making him one of the crypto industry's largest individual donors this cycle. He's part of an industry that's become suddenly prominent in political fundraising, though more heavily in support of Republicans. The Trump PAC has raised about $7.5 million crypto donations since early June. The committee gave out nearly $29 million in September. They've received $1.3 million and $1 million, respectively.

Persons: Chris Larsen, James Delmore, Harris, Larsen, who's, he's, Biden, " Larsen, isn't, that's, Fairshake, Southern California Republicans David G, Valadao, Michael Garcia, They've Organizations: Harris, Fund, CNBC, Biden, Democratic, Fund PAC, Forbes, Public Citizen, The Trump PAC, —, American Jobs PAC, Republicans, Southern, Southern California Republicans Locations: Bay, Fairshake, New York , Nevada, California, Southern California

But consciously or unconsciously, no consumer choice says "us vs. them" more than what car we choose to drive. The most Republican vehicle in America? The Jeep Wrangler. It began with the Jeep Wrangler, the brand's most iconic model. How purple is your car brand?

Persons: Donald Trump, Joe Biden, Trump, Biden, MAGA, Ivan Drury, Edmunds, Jeep, Dave Kelleher, Kelleher, they've, Lincoln, Mark Healy, Nora Naughton, BI's, Andrew Thompson Organizations: Republican, Democratic, Toyota, VW, Republicans, Army, Stellantis, Jeep, Wrangler, Toledo Jeep Fest, Flipturn Creative Studios Locations: America, Hoofddorp , Netherlands, Pennsylvania, Moab, Appalachia

30-Year Mortgage RatesAverage 30-year mortgage rates are close to 6.20%, according to Zillow data. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. But now that inflation has decelerated and the Fed is expected to cut rates soon, mortgage rates have trended down. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: they've, Fannie Mae, you'll, Freddie Mac, it's Organizations: Federal, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Fed, Mortgage, Association Locations: homebuyers, Chevron

☆ My partner is monogamous, but I'm not. Here's how we make our relationship work.
▼ + stars: | 2024-10-20 | by ( Cailey Griffin | ) www.businessinsider.com time to read: +6 min

I've learned that both people don't have to be monogamous or non-monogamous to make a relationship work. I met my partner Seth at Burning Man in 2018. I told him that I had friends who were non-monogamous and that I was curious about having an open relationship. He said that he could be open to an open relationship. AdvertisementWe have a partial "Don't Ask, Don't Tell" system when it comes to my dates.

Persons: Fernanda Fabian, They've, Fabian, it's, —, I've, Seth, I'd, we'll, he's, they'll, Seth isn't, hasn't, doesn't, there's Organizations: Service, Burning Locations: San Francisco, New York

☆ Top crypto PAC targets close House races as 2024 election hits final stages
▼ + stars: | 2024-10-20 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

"Make Bitcoin Great Again" hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. With the 2024 election hitting its homestretch, the leading pro-crypto super PAC has funneled a big chunk of its final donations to close House races as part of an effort to push candidates favorable to the group's agenda over the top. Of that sum, $20 million went to two affiliated PACs — $15 million to the Defend American Jobs PAC, a single-issue committee focused on cryptocurrency and blockchain policy that's favored Republicans, and $5 million to Protect Progress, which has only supported Democrats. Of the House donations, $6.2 million went to Democratic candidates and $2.3 million to Republicans. Crypto groups have spent over $130 million in congressional races for this year's election, including the primaries, according to FEC data.

Persons: Trump, that's, Fairshake, James Delmore, Southern California Republicans David G, Valadao, Michael Garcia, They've, Delmore, Patrick Ryan, Steven Horsford, Angela Dawn Craig, Derek Yoo, Katie Porter Organizations: US, —, American Jobs PAC, Republicans, CNBC, Southern, Southern California Republicans, Democratic, Progress, Senate, Public Citizen, SEC, Moonsong, California Senate, Fairshake's, Crypto Locations: Nashville , Tennessee, New York , Nevada, California, Southern California, Illinois , Colorado , Oregon , Iowa, Arkansas, Arizona, Michigan, Utah

☆ More employers say they don't care if you went to college. Most still seem to.
▼ + stars: | 2024-10-20 | by ( Tim Paradis | ) www.businessinsider.com time to read: +10 min

Employers might not ask if you have a degree, but many still care, a labor market expert told BI. AdvertisementDeming said many employers look upon a worker with a four-year degree as an investment — one that can be molded into what the firm wants. "What people are looking for, because it's the easiest and laziest filter, is a four-year degree from a 'good school,'" he said. "He's been the finalist for five different positions where they said, 'You're actually the best candidate we interviewed, but we require a four-year degree,'" Hyams said. Often, that might mean a four-year degree.

Persons: —, Ranji McMillan, that's, McMillan, She's, what's, McMillan David Deming, Deming, Mona Mourshed, Mourshed, Chris Hyams, Hyams, He's, Forsa, Gartner, Jon Lester, Lester, they've Organizations: Service, Ranji, McMillan, Harvard's Kennedy School, Glass, Harvard Business School, Census, McKinsey & Company, Boston Consulting Group, Employers, Workers, US Department of, Georgetown University Center, Education, Savvas Learning Company, IBM, BI, Research, McKinsey Locations: Northridge, Los Angeles, America

☆ 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

☆ X is about to change its block function. Some users worry it will empower abusers and compromise victims' safety.
▼ + stars: | 2024-10-19 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

Blocked users will soon be able to see the posts of the person who blocked them. Critics of the change say it could make X less safe for some users, such as victims of domestic violence or harassment. "big day for stalkers and harassers," said X user wrote in response to the announcement. There are also people who need a public X account for their work. For instance, a blocked user could simply create a new account to view the posts of the user who has blocked them.

Persons: —, X, Adam Dodge, Dodge, Dominic Sellitto, Sellitto Organizations: Service, Twitter, BI, End Tech, University, Buffalo School of Management

☆ Google DeepMind CEO Demis Hassabis explains what needs to happen to move from chatbots to AGI
▼ + stars: | 2024-10-19 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Google DeepMind CEO Demis Hassabis says "AI agents" are the next phase of AI after chatbots. According to Demis Hassabis, the CEO of Google DeepMind and a recently minted Nobel laureate, there isn't any secret formula to get there. Hassabis pointed to AlphaGo, DeepMind's AI that first defeated humans in Go, demonstrating reasoning skills in the game's defined domain. Hassabis pointed to AlphaGo, DeepMind's AI that first defeated humans in Go, demonstrating reasoning skills in the game's defined domain. They can use hardware like robots in the physical world, software like a calculator, or even other AI systems.

Persons: Demis Hassabis, —, Hassabis, they've Organizations: Google, Service, The Times Tech

☆ Resume stalking on LinkedIn can help you reverse-engineer the career you want. Here's how to do it.
▼ + stars: | 2024-10-19 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Resume stalking can help job seekers identify patterns that can set them on the right career path. He also gives advice on how job seekers can narrow down roles they might be interested in. That's where resume stalking comes in. Gorick Ng, a career advisor at Harvard, said job seekers should ask themselves three questions to narrow down their search. If a job seeker knows where they want to live, they can specifically search in Google for major employers in that location.

Persons: —, Gen, there's, Gorick Ng, Ng, they've, you'll, Nile, you've Organizations: Harvard, LinkedIn, Service, Gen Z, Harvard University, Nile Scott Studios

☆ David Harbour says the 'Stranger Things' cast was 'uncontrollably sobbing' at the series finale — what he says is the 'best episode' of the series
▼ + stars: | 2024-10-19 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +3 min

David Harbour says the "Stranger Things" cast cried during the finale table read. "Stranger Things" is currently in production on its fifth and final season. Harbour says he can be critical of the show — but that the final episode managed to "land the plane." AdvertisementDavid Harbour says that he can be one of "Stranger Things'" biggest critics — but in his book, the series finale is good. AdvertisementDavid Harbour and Millie Bobby Brown as Hopper and Eleven in "Stranger Things" season four.

Persons: David Harbour, —, Josh Horowitz's, David, Millie Bobby Brown, Hopper, it'll, Noah Schnapp, Schnapp, Finn Wolfhard, Caleb McLaughlin, Gaten Matarazzo Organizations: Service, New York Comic Con, Harbour, Netflix

☆ Democratic senators are crushing their GOP opponents in the money race. They're still likely to lose their majority.
▼ + stars: | 2024-10-19 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +10 min

Related storiesIn the country's nine most competitive races, Democratic candidates raised an average of 2.8 times more than Republican candidates. AdvertisementAs of now, Democratic candidates have continued to lead in polling in every state where they're on defense — except for Montana. Tim Sheehy, the GOP Senate nominee in Montana, may be benefiting from the decline of "ticket-splitting." Eric Hovde, the GOP Senate nominee in Wisconsin, has poured millions into his own campaign. Republicans' "Senate Leadership Fund" raised $115.7 million in the most recent period, while Democrats' "Senate Majority PAC" raised $119 million.

Persons: they're, —, Kamala Harris, Sen, Joe Manchin's, Donald Trump, JD Vance, Harris, they've, Democratic Sen, Sherrod Brown outraised, Bernie Moreno, Elissa Slotkin, Mike Rogers, Ruben Gallego, Kari Lake's, Ted Cruz, Colin Allred, Tommy Garcia, Philip Letsou, Jon Tester, Tester, Tim Sheehy, Sheehy, Michael Ciaglo, Trump, Democrat —, Eric Hovde, Tammy Baldwin's, Scott Olson, Dave McCormick, Moreno, There's, aren't, Brown Organizations: GOP, Service, Democratic, Senate, Republican, Democratic Rep, Republicans, Democrats, Democratic Senatorial, Committee, National Republican, Big, Montana Democrat, Trump, Democrat, Buckeye State, Jobs, Banking Committee Locations: West Virginia, Montana, Arizona, Nevada, Ohio, Texas, Harris, Democrat — Wisconsin, Wisconsin, Pennsylvania

☆ One chip company's newest tactic to attract workers: Help pay off their student loans
▼ + stars: | 2024-10-19 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

AdvertisementWhen Morgan earned her bachelor's degree in 2018, she graduated with over $20,000 in student loan debt that she hoped to pay off by 2032. Morgan now expects to fully pay off her remaining $16,000 student debt balance by 2028 — four years earlier than planned. Morgan estimates that receiving student debt relief will allow her to pay off her loans four years ahead of schedule. MorganGlobalFoundries is betting that student debt relief will help it attract prospective employees and retain current workers. The company's student debt relief program is just another way it's trying to attract workers.

Persons: Chipmaker GlobalFoundries, —, Morgan, she's, they've, GlobalFoundries, it's, Morgan GlobalFoundries, Joe Biden, Raman, Biden, we've, Stephanie, It's Organizations: Service, Business, Semiconductor Industry Association, Oxford Economics, Nvidia, Bright, GlobalFoundries Locations: York, Malta, New York, Austin

☆ My daughter decided not to go to college right after high school. I'm proud of her for exploring her interests first.
▼ + stars: | 2024-10-19 | by ( Laura Falin | ) www.businessinsider.com time to read: +5 min

My daughter graduated from high school and didn't know what she wanted to do next. AdvertisementWhen my son graduated from high school, it was a given that he would attend a four-year university. His sister graduated two years later, and her path after high school was not as obvious. I just sort of figured everyone would head straight there after high school. School wasn't mandatory, but the alternative couldn't be sitting around playing video games all day.

Persons: She's, —, she's, I've, I'm, They've, It's, she'd, hasn't Organizations: Service

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