Markets and Business News Review http://feed.informer.com/digests/M5D9T8VNUL/feeder Markets and Business News Review Respective post owners and feed distributors Fri, 08 Nov 2013 08:21:40 -0500 Feed Informer http://feed.informer.com/ TikTok to ‘Go Dark’ on Sunday for Its 170 Million American Users https://www.nytimes.com/2025/01/17/technology/17tiktok-goes-dark-sunday-apple-google.html NYT > Business Day urn:uuid:e0b11a91-6780-389d-a02e-ad7048bb3425 Sat, 18 Jan 2025 00:10:28 -0500 The Chinese-owned company said it would cut off its services unless the U.S. assures Apple, Google and other companies that they would not be punished for hosting and distributing TikTok. Computers and the Internet Social Media Mobile Applications Customer Relations Decisions and Verdicts Law and Legislation Computer Security Regulation and Deregulation of Industry United States Politics and Government Apple Inc Beijing Bytedance Technology Co Ltd Google Inc Supreme Court (US) TikTok (ByteDance) United States David McCabe TikTok has said its service would “go dark” for its 170 million American users on Sunday in the face of a federal ban. David Swanson/Reuters Trump’s Tariff Threat Stokes Anxiety in Canada’s Auto-Industry Hub https://www.nytimes.com/2025/01/17/world/canada/trump-tariffs-windsor-autos.html NYT > Business Day urn:uuid:95d23dce-83df-c396-5fa6-050f60b84e22 Sat, 18 Jan 2025 00:03:44 -0500 The president-elect’s vow to impose 25 percent duties on Canadian imports could ravage Canada’s auto industry and decimate Windsor, a city deeply tied to the U.S. International Trade and World Market Protectionism (Trade) Customs (Tariff) United States International Relations Factories and Manufacturing Stellantis NV Trudeau, Justin Trump, Donald J Canada Detroit (Mich) United States Windsor (Ontario) Ian Austen and Ian Willms A Stellantis assembly plant in Windsor, Ontario, the heart of Canada’s auto industry. Tariffs threatened by President-elect Donald J. Trump would deal it a heavy blow. Bond wobble underscores allure of cash https://www.ft.com/content/88e6f9d6-8702-431d-ae52-77eda7e141fb FT.com - Financial Markets News urn:uuid:954eda85-da03-c610-e725-cddf220fb54b Sat, 18 Jan 2025 00:00:33 -0500 The asset class has proven far stickier than most big fund managers anticipated Investment trusts under fire again — are they finally listening? https://www.ft.com/content/3a31a9c7-0f88-456a-80db-1ae94c6ef35a FT.com - Financial Markets News urn:uuid:efa194b6-f4ac-8fbc-d976-8de787192d8d Sat, 18 Jan 2025 00:00:33 -0500 Activist’s attack on ‘miserable seven’ highlights some well-known complaints The president-elect of the US is promoting a shitcoin? https://www.ft.com/content/5fb10ac4-b39e-48b7-a38b-6c71da2e555e FT.com - Financial Markets News urn:uuid:7344fd48-4e57-a7fb-4375-f0cfa9afc239 Fri, 17 Jan 2025 23:31:42 -0500 Not to be confused with the “digital assets venture” he supported before the election Meatpacking Companies to Pay $8 Million for U.S. Child Labor Violations https://www.nytimes.com/2025/01/16/us/perdue-jbs-slaughterhouses-child-labor.html NYT > Business Day urn:uuid:0e2d5ea6-bf2d-c142-1c96-61cd594c8651 Fri, 17 Jan 2025 22:16:22 -0500 Perdue Farms and JBS have settled with the Labor Department after relying on migrant children to do dangerous work in their slaughterhouses. Most of the money will be used to help the children. Child Labor Factory Farming Poultry Workplace Hazards and Violations Illegal Immigration Meatpacking Plants and Slaughterhouses Foreign Workers Immigration and Emigration Migrant Labor (Non-Agriculture) Migrant Labor (Agriculture) Perdue Farms Inc JBS SA Hearthside Food Solutions LLC Labor Department (US) Central America Mexico United States Hannah Dreier A Perdue Farms plant in Accomac, Va. Meridith Kohut for The New York Times Supreme Court Backs Law Requiring TikTok to Be Sold or Banned https://www.nytimes.com/2025/01/17/us/politics/supreme-court-tiktok.html NYT > Business Day urn:uuid:7b6a7e4a-8d0e-0aac-1c47-198dd14b1da4 Fri, 17 Jan 2025 21:48:31 -0500 The company argued that the law, citing potential Chinese threats to the nation’s security, violated its First Amendment rights and those of its 170 million users. United States Politics and Government Decisions and Verdicts Law and Legislation Mobile Applications Presidential Election of 2024 First Amendment (US Constitution) Supreme Court (US) TikTok (ByteDance) Trump, Donald J Biden, Joseph R Jr China Adam Liptak If TikTok shuts down, it could start operating again if it were sold after a deadline set by Congress, the Biden administration’s lawyer told the Supreme Court. President-elect Donald J. Trump has suggested he may seek ways to counter the ban. Caroline Gutman for The New York Times When a spouse dies, there can be a ‘tax explosion’ for the one left behind https://www.marketwatch.com/story/when-a-spouse-dies-there-can-be-a-tax-explosion-for-the-one-left-behind-8c0debf4?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:884bc541-0275-526e-867d-faca5dbe6777 Fri, 17 Jan 2025 21:35:00 -0500 If you know what’s coming, you can plan ahead to mitigate some of the pain. Beth Pinsker Getty Images US Supreme Court upholds divest-or-ban law targeting TikTok https://www.ft.com/content/edddf2ea-7894-43c3-8cc3-b9a34a3070b9 FT.com - IT urn:uuid:3f404c51-7ca2-976e-e465-350f947e360b Fri, 17 Jan 2025 21:13:41 -0500 Unanimous decision puts future of popular video app in hands of Donald Trump How TikTok Evaded a Ban Again and Again, Until Now https://www.nytimes.com/2025/01/17/technology/tiktok-ban-sale-supreme-court.html NYT > Business Day urn:uuid:06684e95-d7fd-8d69-42e2-5e1c6abad8af Fri, 17 Jan 2025 20:48:20 -0500 After a decisive loss at the Supreme Court, the app is set to be blocked in the U.S. starting Sunday, ending its streak of Houdini-like escapes. Computers and the Internet Mobile Applications Social Media United States Politics and Government Mergers, Acquisitions and Divestitures Decisions and Verdicts Regulation and Deregulation of Industry Presidential Election of 2024 Executive Orders and Memorandums International Relations Advertising and Marketing Courts and the Judiciary Beijing Bytedance Technology Co Ltd Musical.ly Inc TikTok (ByteDance) Sapna Maheshwari, Madison Malone Kircher and David McCabe TikTok’s defeat at the Supreme Court set the stage for its app to be banned in the United States starting Sunday. Caroline Gutman for The New York Times Jean Jennings, Who Wrote With Verve About Cars, Dies at 70 https://www.nytimes.com/2025/01/17/business/media/jean-jennings-dead.html NYT > Business Day urn:uuid:cb3f129e-501b-650c-375f-97562ecd458a Fri, 17 Jan 2025 20:39:00 -0500 A cabdriver and mechanic before becoming a journalist, she brought personality and adventure to a once-staid genre. She once won a demolition derby and motorcycled across China. Jennings, Jean (1954-2024) Deaths (Obituaries) Automobiles Writing and Writers Magazines Automobile (Magazine) Car and Driver (Magazine) Davis, David E Clay Risen Jean Jennings, right, in 1989. She was not just one of the best writers in automotive journalism; she was also, by all accounts, the most interesting. Courtesy of Car and Driver Vanguard to Pay $106 Million in Restitution to Retirement Fund Investors https://www.nytimes.com/2025/01/17/business/vanguard-sec-investors-retirement-funds.html NYT > Business Day urn:uuid:a0b178ba-93f9-004a-3f32-a9181e947e61 Fri, 17 Jan 2025 20:09:35 -0500 An investigation by the S.E.C. and several states found that the company had failed to notify investors of changes in the terms of some funds, leading to higher capital gains taxes. Compensation for Damages (Law) Capital Gains Tax Pensions and Retirement Plans Fines (Penalties) Securities and Commodities Violations Suits and Litigation (Civil) LPL Financial Securities and Exchange Commission Two Sigma Investments LLC Vanguard Group Inc Gensler, Gary S Matthew Goldstein The Securities and Exchange Commission announced the Vanguard settlement along with other settlements it reached with companies in Gary Gensler’s last days as the S.E.C.’s chair. Andrew Kelly/Reuters S&P 500 now up in 2025 after broadening rally ahead of Trump inauguration https://www.marketwatch.com/story/s-p-500-now-up-in-2025-after-broadening-rally-ahead-of-trump-inauguration-76bd7071?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:7d4df0ed-1c33-6f09-eb9f-fb48f55b4e50 Fri, 17 Jan 2025 19:20:00 -0500 The U.S. stock market broadened its rally this week, with all S&P 500 sectors booking weekly gains, as investors appeared relieved by interest rates in the bond market reversing some of their recent startling climb. Christine Idzelis bryan r. smith/Agence France-Presse/Getty Images Starbucks’s turnaround plan under new CEO now likely includes job cuts https://www.marketwatch.com/story/starbuckss-back-to-starbucks-plan-under-new-ceo-now-likely-includes-job-cuts-5289c1b7?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:c9433c0a-bbe1-f313-5806-969a8a0bd88f Fri, 17 Jan 2025 18:36:00 -0500 Coffee chain Starbucks’s promised overhaul may require cutting jobs as it tries to work more efficiently, CEO Brian Niccol said. Bill Peters angela weiss/Agence France-Presse/Getty Images Elon Musk once called his questions ‘boneheaded.’ What Wall Street is losing as this clear-eyed analyst retires. https://www.marketwatch.com/story/elon-musk-once-called-his-questions-boneheaded-what-wall-street-is-losing-as-this-clear-eyed-analyst-retires-55f07bc3?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:b1c11c54-b713-f321-b009-d9f154708386 Fri, 17 Jan 2025 18:30:00 -0500 With the incoming pro-business Trump administration, Wall Street needs people willing to ask hard questions and look into whether there’s substance behind bold corporate predictions. Therese Poletti MarketWatch photo illustration/iStockphoto Ahead of Trump Presidency, the Fed Quits Global Climate Network https://www.nytimes.com/2025/01/17/us/politics/fed-trump-climate-network.html NYT > Business Day urn:uuid:7f244591-72c8-2842-c53e-b6320b6cbf7b Fri, 17 Jan 2025 18:27:37 -0500 The central bank said it had decided to leave the network after the group’s work “increasingly broadened in scope.” Federal Reserve System Regulation and Deregulation of Industry Global Warming Banking and Financial Institutions Trump, Donald J Powell, Jerome H Biden, Joseph R Jr Network of Central Banks and Supervisors for Greening the Financial System (Org) Madeleine Ngo and Lydia DePillis The Federal Reserve said Friday that it was dropping out of a network of central banks and other financial regulators focused on climate change. Anna Rose Layden for The New York Times American Airlines Accused of Discrimination by Interracial Couple https://www.nytimes.com/2025/01/17/travel/american-airlines-discrimination.html NYT > Business Day urn:uuid:feb76772-4dc8-4a31-a2c3-bc3f5b15a7ff Fri, 17 Jan 2025 18:23:34 -0500 In a lawsuit, two newlyweds say they were detained after a passenger and airline employees wrongly suspected the Black husband of trafficking his white wife. American Airlines Discrimination Race and Ethnicity Airlines and Airplanes Suits and Litigation (Civil) Christine Chung American Airlines is being sued over an incident in which an interracial couple flying from Phoenix to Miami in 2022 for their honeymoon were detained over false suspicions of human trafficking. Ross D. Franklin/Associated Press T-bill supply will turn negative soon without a U.S. debt-limit deal: BofA https://www.marketwatch.com/story/t-bill-supply-will-turn-negative-soon-without-a-u-s-debt-limit-deal-bofa-097c33f4?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:d8b7345a-6078-33f9-6f63-2120ec6aba5a Fri, 17 Jan 2025 18:06:00 -0500 Incoming President Donald Trump’s second administration kicks off as the U.S. debt-ceiling debate enters another critical juncture. Joy Wiltermuth Kent Nishimura/Getty Images) U.S. to Deploy ‘Extraordinary Measures’ to Avoid Default on Jan. 21 https://www.nytimes.com/2025/01/17/us/politics/debt-default-jan-21-yellen-treasury.html NYT > Business Day urn:uuid:0fda2225-14e5-a675-b5e6-6e206b9a4cb8 Fri, 17 Jan 2025 17:50:10 -0500 Janet L. Yellen, the outgoing Treasury secretary, urged lawmakers to raise the debt limit and protect the full faith and credit of the United States. United States Politics and Government National Debt (US) Federal Budget (US) Treasury Department Yellen, Janet L Trump, Donald J Bessent, Scott Alan Rappeport Janet L. Yellen, the Treasury secretary, issued a new warning Friday about the debt limit. Yuri Gripas for The New York Times Walgreens stock sinks after DOJ sues over illegal-prescription accusations https://www.marketwatch.com/story/walgreens-stock-sinks-after-doj-sues-over-illegal-prescription-accusations-a2953906?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:0d88fe53-f0e2-c7e0-c902-571acc323f4c Fri, 17 Jan 2025 17:39:00 -0500 The pharmacy “allowed millions of opioid pills and other controlled substances to flow illegally out of Walgreens stores,” the Justice Department said. Bill Peters Getty Images ‘Severance’ Is Back. Here’s a Season 1 Recap to Jog Your Memory. https://www.nytimes.com/2025/01/17/arts/television/severance-recap.html NYT > Business Day urn:uuid:768404d3-2186-5100-c08b-3256ef5b20a6 Fri, 17 Jan 2025 17:20:52 -0500 It’s been almost three years since the Season 1 finale. This refresher should help jog your memory. Television Apple TV Plus Arquette, Patricia Cherry, Zach Lower, Britt Scott, Adam (1973- ) Severance (TV Program) Turturro, John Walken, Christopher Sarah Bahr CNN Settles Defamation Suit After Being Ordered to Pay $5 Million https://www.nytimes.com/2025/01/17/business/media/cnn-jury-defamation-security-contractor.html NYT > Business Day urn:uuid:6d63f665-4d21-3964-2133-d6992870d93d Fri, 17 Jan 2025 17:20:36 -0500 The case, which involved a 2021 segment about a private security contractor in Afghanistan, played out as media organizations face more legal and political pressures. Television Decisions and Verdicts Compensation for Damages (Law) Libel and Slander News and News Media CNN Michael M. Grynbaum The segment focused on contractors who, the network said, were charging exorbitant fees to evacuate Afghans. Andrew Harnik/Getty Images It starts with Red No. 3. These are the dyes and food additives that could be banned next. https://www.marketwatch.com/story/it-starts-with-red-no-3-these-are-the-dyes-and-food-additives-that-could-be-banned-next-7721769b?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:d4df69e1-10f8-0264-8b81-940d3e250e8a Fri, 17 Jan 2025 17:06:00 -0500 Experts say consumers may end up paying more if food and drink products are reformulated. Charles Passy Getty Images Retirement and drinking don’t mix  https://www.marketwatch.com/story/retirement-and-drinking-dont-mix-851f5cb6?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:343193ef-b004-49a0-200d-c4809f7233fd Fri, 17 Jan 2025 17:00:00 -0500 Retirees suffer more from depression as it is. Binge drinking makes it worse. Jessica Hall Getty Images A final look at how the U.S. stock market performed under Joe Biden https://www.marketwatch.com/story/a-final-look-at-how-the-u-s-stock-markethasperformed-under-joe-biden-2d454bdb?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:56486526-3e0d-23db-45c7-230e96396e82 Fri, 17 Jan 2025 16:53:00 -0500 U.S. stocks closed out the Biden era on a high note as the president bids farewell to the White House. Isabel Wang MarketWatch illustration/Getty Images, iStockphoto The 3 Best Ways To Save Money on Cruises, According to Experts https://247wallst.com/travel/2025/01/17/the-3-best-ways-to-save-money-on-cruises-according-to-experts/ 24/7 Wall St. urn:uuid:a2cf2ef0-6961-96bf-7655-849d3fe997d1 Fri, 17 Jan 2025 16:19:13 -0500 <p>Cruises are an all-inclusive experience with a variety of destinations. They’re extremely convenient and often include activities and entertainment onboard. Many are family-friendly, while there are also adult-only cruises for those who prefer a different experience. Ships have a huge variety of food and dining and are great for those who love a social atmosphere. [&#8230;]</p> <p>The post <a href="https://247wallst.com/travel/2025/01/17/the-3-best-ways-to-save-money-on-cruises-according-to-experts/">The 3 Best Ways To Save Money on Cruises, According to Experts</a> appeared first on <a href="https://247wallst.com">24/7 Wall St.</a>.</p> <div id="keypoints" class="keypoints-box"> <h3 class="keypoints-header">Key Points</h3> <ul class="keypoints-list"> <li class="keypoints-item"> <p>Cruises are relaxing and affordable because everything is included.</p> </li> <li class="keypoints-item"> <p>Despite being one of the more affordable ways to travel, you can still get additional deals.</p> </li> <li class="keypoints-item"> <p>Experts suggest three tips to help you save money on your next cruise.</p> </li> <li class="keypoints-item"> <p>The right <a href="https://www.cardratings.com/bestcards/featured-credit-cards?src=696215&amp;shnq=2061159,4048084,4028088,4048122,4048231&amp;var1=MSN&amp;Var2=247wallst">travel credit card</a> can take you to places you’ve never dreamed of. <a href="https://www.cardratings.com/bestcards/featured-credit-cards?src=696215&amp;shnq=2061159,4048084,4028088,4048122,4048231&amp;var1=MSN&amp;Var2=247wallst">Click here now to see our top picks</a>. (Sponsor)</p> </li> </ul> </div> <p>Cruises are an all-inclusive experience with a variety of destinations. They’re extremely convenient and often include activities and entertainment onboard. Many are family-friendly, while there are also <a href="https://247wallst.com/travel/2025/01/08/what-cruise-lines-would-you-recommend-for-someone-not-looking-for-a-party-or-too-many-families/?tpid=1467475&amp;tv=link&amp;tc=in_content">adult-only cruises</a> for those who prefer a different experience. Ships have a huge variety of food and dining and are great for those who love a social atmosphere. Because everything is included, the entire family gets a chance to unwind. There’s no driving, planning, or even paying required if you do it the right way.</p> <p>They can also be an extremely expensive way to travel if you aren’t prepared. Ships must obviously depart from the coast, so everyone must travel to a coastal city (most often in California or Florida). To help you find affordable travel options, we scoured <a href="https://www.reddit.com/r/Cruise/comments/17cfpvy/what_is_the_best_way_to_save_money_on_a_cruise/" target="_blank" rel="noopener">this Reddit thread</a> of travel experts and found the three best ways to save money on cruises.</p> <h2>Bring Your Own Alcohol</h2> <p><img fetchpriority="high" decoding="async" class="aligncenter" src="https://247wallst.com/wp-content/uploads/2024/04/shutterstock-1368755939-huge-licensed-scaled.jpg" alt="Bartender or male cavist standing near the shelves of wine bottles holds a glass of wine, looks at tint and smells flavor of wine in glass." width="1500" height="1000" data-caption="" data-id="1391115" data-credit="UfaBizPhoto / Shutterstock.com"></p> <p>Have you ever wondered how all-inclusive resorts and cruises make enough money when their costs are so low? It’s often because alcohol isn’t included in the package, and they can charge more for it. If you haven’t carefully planned your budget and allowed for alcohol consumption, your tab can add up really fast.</p> <p>These experts encourage you to entirely skip the drink plan unless it’s free or discounted. Many companies allow you to bring 1-2 bottles of wine on board per customer. Those who don’t have a limit may charge a corkage fee at the terminal, so find out the details beforehand.</p> <h2>Plan Your Own Activities</h2> <p><img decoding="async" class="aligncenter" src="https://247wallst.com/wp-content/uploads/2017/08/zipline-kansas-e1503580357914.jpg" alt="" width="1366" height="768" data-caption="" data-id="409976" data-credit="RossHelen / Shutterstock.com"></p> <p>Cruise lines help plan activities when you are off the ship if you choose. Many of these same activities are available at a discounted price through the same companies – the cruise line simply marks them up. Research the company you use and check online reviews to make sure it’s a reputable one, particularly if you’re in another country.</p> <p>Remember that if you use a third-party company to plan your excursion, they aren’t bound by time constraints. If you get back to the boat late, it could leave without you. However, it may be worth the risk to save money, as most companies understand their customer base and where it comes from.</p> <h2>Buy Stock for Shareholder Credits</h2> <p><img decoding="async" class="aligncenter" src="https://247wallst.com/wp-content/uploads/2024/08/shutterstock-2479149491-huge-licensed-scaled.jpg" alt="Mature couple, hug and boat cruise for holiday, travel or retirement on ocean sailing with relax. Man, woman and happy on luxury yacht at sea for love, vacation or tropical adventure by Bahamas" width="1500" height="1029" data-caption="" data-id="1430723" data-credit="PeopleImages.com - Yuri A / Shutterstock.com"></p> <p>Here’s one less common option you may not have considered: Some cruise lines offer onboard credits or discounts for company shareholders. While this is often part of a loyalty or promotional program, it may be worth it to buy stock in the company to receive special amenities, priority check-in, and extra credits.</p> <p>These details change over time as stock prices fluctuate, so make sure you stay updated on the new terms before booking a trip. Contact the cruise line itself or its investor relations department. Don’t buy stock just for the travel perks, but rather on the investment fundamentals and how they benefit you.</p> <h2>Rapid Fire Tips</h2> <p><img loading="lazy" decoding="async" class="aligncenter" src="https://247wallst.com/wp-content/uploads/2025/01/shutterstock-2451252003-huge-licensed-scaled.jpg" alt="View of a roller coaster ride on the top deck of a cruise ship. Curacao." width="1500" height="1000" data-caption="" data-id="1466646" data-credit="Mulevich / Shutterstock.com"></p> <p>Some cruise lines are cheaper than others, but remember that you often get what you pay for. Many suggest using a travel agency and watching the cost to see if it decreases after you’ve paid for it. Consider an inside cabin, as they are cheaper than a balcony or oceanside option. Finally, travel during the off-season to avoid large crowds and high costs. </p> <p> </p><div class="fwpPitch" data-pitch-hardcoded="" data-tc="67697b34dd056" data-site="247wallst" data-link="" data-campaign-name="" data-utm-source="247wallst" data-utm-campaign="" data-utm-term="247wallst"><h2>Travel Cards Are Getting Too Good To Ignore (sponsored)</h2> <p>Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.</p> <p data-t='{"n":"BlueLinks","t":14}'>We’re talking <a tabindex="0" href="https://www.cardratings.com/bestcards/featured-credit-cards?src=696215&amp;shnq=2061159,4048084,4028088,4048122,4048231&amp;var1=MSN&amp;Var2=247wallst" data-t='{"n":"Destination","t":14,"b":1}'>huge sign-up bonuses</a>, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.</p> <p>It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.</p> <p data-t='{"n":"BlueLinks","t":14}'>We’ve rounded up some of the best travel credit cards on the market. <a tabindex="0" href="https://www.cardratings.com/bestcards/featured-credit-cards?src=696215&amp;shnq=2061159,4048084,4028088,4048122,4048231&amp;var1=MSN&amp;Var2=247wallst" data-t='{"n":"Destination","t":14,"b":1}'>Click here to see the list</a>. Don’t miss these offers — they won’t be this good forever.</p></div><p>The post <a href="https://247wallst.com/travel/2025/01/17/the-3-best-ways-to-save-money-on-cruises-according-to-experts/">The 3 Best Ways To Save Money on Cruises, According to Experts</a> appeared first on <a href="https://247wallst.com">24/7 Wall St.</a>.</p> Travel Katie Price US stocks post best week since Donald Trump’s election win https://www.ft.com/content/3e0d0dff-1170-4c39-af05-da8c7eccacfe FT.com - Equities urn:uuid:98bffd22-081c-70fc-c37b-9de359350c48 Fri, 17 Jan 2025 16:16:17 -0500 Easing underlying US inflation pressures and strong bank earnings ‘emboldened the bulls’ on Wall Street US Debt Faces Record as Trump and GOP Plan Tax Cuts https://www.nytimes.com/2025/01/17/business/us-debt-republicans-tax-cuts.html NYT > Business Day urn:uuid:968c927a-c363-c65d-9415-68b6effd1d36 Fri, 17 Jan 2025 16:07:10 -0500 The Congressional Budget Office forecasts that annual deficits will top $21 trillion over the next decade. United States Politics and Government Federal Budget (US) National Debt (US) United States Economy Trump, Donald J Bessent, Scott Taxation Alan Rappeport The new budget forecasts from the Congressional Budget Office predict that the United States will record a $1.9 trillion budget deficit this year and that annual deficits over the next decade will total $21.1 trillion. Eric Lee/The New York Times Treasury yields end with largest weekly declines since November ahead of Trump’s inauguration https://www.marketwatch.com/story/treasury-yields-mostly-lower-morgan-stanley-recommends-5-year-note-based-on-this-contrarian-call-1e93eb20?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:325e407f-da0a-1827-c3e4-5db7e650b116 Fri, 17 Jan 2025 15:53:00 -0500 Yields on U.S. government debt finished higher on Friday as traders weighed the inflationary impact of possible tariffs from incoming President Donald Trump. Nonetheless, market-based rates still posted their biggest weekly declines since November, helped by the possibility inflation may still come down by enough to justify multiple 2025 rate cuts by the Federal Reserve. Vivien Lou Chen RFK Jr. Sought to Stop Covid Vaccinations 6 Months After Rollout https://www.nytimes.com/2025/01/17/health/rfk-jr-covid-vaccines.html NYT > Business Day urn:uuid:33ec1d6b-d9bf-55e0-76ee-6a8604d38caa Fri, 17 Jan 2025 15:50:43 -0500 Robert F. Kennedy Jr. petitioned the F.D.A. to revoke authorization of the shots at a time when they were in high demand and considered life-saving. Kennedy, Robert F Jr Coronavirus (2019-nCoV) Vaccination and Immunization Rumors and Misinformation Food and Drug Administration Health and Human Services Department Children's Health Defense Drugs (Pharmaceuticals) Regulation and Deregulation of Industry Presidential Transition (US) Suits and Litigation (Civil) Medicine and Health Biden, Joseph R Jr Trump, Donald J Christina Jewett Robert F. Kennedy Jr. once filed a petition asking the F.D.A. to revoke emergency authorization of Covid vaccines in 2021, when estimates had begun to show that the rollout of the shots had already saved about 140,000 lives. Haiyun Jiang for The New York Times SpaceX faces US regulatory probe after Starship rocket explodes https://www.ft.com/content/f2814923-add4-4a7c-bb0d-e563aecab2e2 FT.com - IT urn:uuid:60cc9101-81a1-ce3b-1a3a-a64e4100afb3 Fri, 17 Jan 2025 15:49:11 -0500 FAA grounds Elon Musk’s largest rocket in a setback for billionaire following maiden launch of rival Blue Origin Remote Work for Civil Servants Faces a Challenge Under Trump https://www.nytimes.com/2025/01/17/business/economy/trump-remote-work-federal-workers.html NYT > Business Day urn:uuid:10c9684c-5ee9-08ee-04b7-39b98ff6b039 Fri, 17 Jan 2025 15:46:05 -0500 Federal employees and others in the capital have grown attached to work-from-home arrangements. But hybrid work may disappear in the second Trump era. Labor and Jobs Telecommuting United States Politics and Government Government Employees Organized Labor Trump, Donald J Washington (DC) Workplace Environment American Enterprise Institute for Public Policy Research Brookings Institution Justice Department Federal Trade Commission National Treasury Employees Union Social Security Administration Biden, Joseph R Jr Noam Scheiber Occupancy of federal offices in 2023 was less than one-third the level before the pandemic, a study found. Erin Schaff/The New York Times David Solomon scores an $80 million bonus. Doubt surrounded his tenure at Goldman Sachs as recently as 2023. https://www.marketwatch.com/story/hes-back-david-solomon-gets-80-million-bonus-after-facing-doubts-in-2023-d66c517b?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:8d5b5a6c-5413-4d87-182e-ac62c6385821 Fri, 17 Jan 2025 15:41:00 -0500 Wall Street investment bank, whose stock price hit a record high this week, awards CEO Solomon a stock bonus set to vest in 2030. Steve Gelsi patrick t. fallon/Agence France-Presse/Getty Images World Economic Forum: Behind the Scenes at Davos https://www.nytimes.com/2025/01/17/business/world-economic-forum-davos.html NYT > Business Day urn:uuid:94d802b2-9e8c-ee09-e058-2b93aa0812c8 Fri, 17 Jan 2025 15:40:35 -0500 Planning and managing the World Economic Forum’s annual meeting is a huge task, and the work for next year’s event will begin as soon as this one ends. World Economic Forum Davos (Switzerland) International Relations Shivani Vora The city of Davos, Switzerland, will welcome more than 3,000 attendees to the World Economic Forum’s annual meeting. Gian Ehrenzeller/EPA, via Shutterstock How the hot EV market left middle-income Americans out in the cold https://www.marketwatch.com/story/how-the-hot-ev-market-left-middle-income-americans-out-in-the-cold-9861b08a?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:376bfda0-6103-1a86-8bc7-982d8d2804e0 Fri, 17 Jan 2025 15:38:00 -0500 Electric vehicles made up about 9% of cars sold in the U.S. last year. Even with tax credits, they were too expensive for many middle-income households. Venessa Wong Getty Images World Economic Forum: Will Trump and Davos Herald a New World Disorder https://www.nytimes.com/2025/01/17/business/trump-davos-europe.html NYT > Business Day urn:uuid:518b4214-7652-a2a2-a730-fe15ff1e38fd Fri, 17 Jan 2025 15:36:30 -0500 Among the issues likely to be explored at the World Economic Forum this week is the future of Ukraine and its impact on Europe. United States International Relations International Relations Politics and Government Russian Invasion of Ukraine (2022) United States Politics and Government World Economic Forum Trump, Donald J Putin, Vladimir V Zelensky, Volodymyr Steven Erlanger A Ukrainian military funeral on the outskirts of Kyiv in November. The war in Ukraine is likely to be a dominant topic as the World Economic Forum meets in Davos, Switzerland. Mauricio Lima for The New York Times Oracle May Hold TikTok’s Future in Its Hands https://www.nytimes.com/2025/01/17/business/oracle-tiktok-ban.html NYT > Business Day urn:uuid:16ce3477-06f7-f6e7-8260-68d225450f78 Fri, 17 Jan 2025 15:36:05 -0500 The company is one of the app’s leading server providers, managing the data centers where billions of 40-second videos are stored. Computers and the Internet Social Media Mobile Applications Data Centers TikTok (ByteDance) Amazon.com Inc Trump, Donald J Biden, Joseph R Jr Tripp Mickle Oracle has said in the past that its sales and profits would be hurt by a TikTok ban. Justin Sullivan/Getty Images World Economic Forum: Davos Braces for Political Drama as the World Warms https://www.nytimes.com/2025/01/17/climate/davos-trump-world-economic-forum.html NYT > Business Day urn:uuid:fb4026e7-5c2f-9bb3-87b7-577c1ce6f828 Fri, 17 Jan 2025 15:34:52 -0500 A new U.S. president’s promise to expand fossil fuels that is at odds with global ambitions to combat climate change will be a topic of discussion at the World Economic Forum. World Economic Forum Trump, Donald J Benioff, Marc United States Politics and Government Global Warming Alternative and Renewable Energy Greenhouse Gas Emissions Artificial Intelligence Corporate Social Responsibility Oceans and Seas Wind Power United States International Relations Environment David Gelles The fires that have destroyed neighborhoods in Los Angeles, including the Palisades fire, have captured the attention of global leaders attending the World Economic Forum in Davos, Switzerland. Loren Elliott for The New York Times Oil prices score a 4th straight weekly gain on supply fears https://www.marketwatch.com/story/oil-prices-on-track-for-fourth-straight-weekly-gain-on-supply-fears-2d68fa77?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:777fe5c1-c66b-2dad-37d5-2389d29c7791 Fri, 17 Jan 2025 15:31:00 -0500 Oil futures settled lower on Friday, but scored a fourth straight week of gains after wider sanctions against Russia’s energy industry tightened supply. Myra P. Saefong frederic j. brown/Agence France-Presse/Getty Images Oil traders make big bets on Trump policies. The path for prices isn’t so clear. https://www.marketwatch.com/story/oiltraders-make-big-bets-on-trump-policies-the-path-for-prices-isnt-so-clear-a047e203?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:2f7b773d-7e1e-dd29-18d0-0195620cc5cf Fri, 17 Jan 2025 15:14:00 -0500 The volatility seen in oil prices in the new year has a lot to do with Donald Trump — and he doesn’t even officially become the president of the United States until Monday. Myra P. Saefong MarketWatch photo illustration/Getty Images, iStockphoto The Biden economy: Just how good was it? Here are the highs and lows for the 46th president. https://www.marketwatch.com/story/the-biden-economy-just-how-good-was-it-heres-the-highs-and-lows-of-the-46th-president-4d61e20e?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:d9bf7acc-1300-99df-af23-b651b88fac7c Fri, 17 Jan 2025 15:03:00 -0500 Presidents get too much credit or too much blame for the economy, it’s often said, but the public never fails to render its own judgment. They gave Joe Biden and Kamala Harris a failing grade and put Donald Trump back in the White House. Here are the high-water marks — and biggest low points — during the Biden/Harris administration. Jeffry Bartash MarketWatch photo illustration/Getty Images, iStockphoto CNN Ordered to Pay at Least $5 Million for Defaming Security Contractor https://www.nytimes.com/2025/01/17/business/cnn-jury-defamation-security-contractor.html NYT > Business Day urn:uuid:fc85eeb0-7e82-124d-8b4d-737d0fd7caea Fri, 17 Jan 2025 15:00:00 -0500 The jury decision came after a two-week trial where lawyers for the contractor argued that the network had falsely accused him of illegal activity. Television Decisions and Verdicts Compensation for Damages (Law) Libel and Slander News and News Media CNN Michael M. Grynbaum The segment focused on contractors who, the network said, were charging exorbitant fees to evacuate Afghans. Andrew Harnik/Getty Images Capital One lawsuit reveals how bank customers can get smart and get their money’s worth https://www.marketwatch.com/story/capital-one-lawsuit-reveals-how-bank-customers-can-get-smart-and-get-their-moneys-worth-3f2b1416?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:2eb8e04d-bdd4-d79d-1c82-a7552ad8c646 Fri, 17 Jan 2025 14:51:00 -0500 A new lawsuit alleging that Capital One cheated savers out of larger yields is a wake-up call for people who want to wise up and get the most out of their deposits, experts say. Andrew Keshner MarketWatch photo illustration/iStockphoto Tesla’s stock is surging ahead of Trump’s inauguration. What matters after that. https://www.marketwatch.com/story/teslas-stock-is-surging-ahead-of-trumps-inauguration-what-matters-after-that-a568005e?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:7f2a31b6-8f32-a439-a04c-ae3469a63e1e Fri, 17 Jan 2025 14:49:00 -0500 Tesla’s stock surges ahead of Inauguration Day, as investors bet on CEO Elon Musk’s ability to influence Federal rule making. Tomi Kilgore AFP via Getty Images Bond funds are offering a ‘double whammy’ for investors https://www.marketwatch.com/story/bond-funds-are-offering-a-double-whammy-for-investors-18058acf?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:20c72770-fd99-8828-b3c7-e8c943cc8b10 Fri, 17 Jan 2025 14:45:00 -0500 Many of these funds are trading at deep discounts and may have tempting distribution yields Brett Arends Getty Images With XRP near highs ahead of Trump inauguration, can bitcoin crack a new record? https://www.marketwatch.com/story/with-xrp-near-highs-ahead-of-trump-inauguration-can-bitcoin-crack-a-new-record-f80cc436?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:b40b0e30-f67b-bc7a-448c-027be9fb0005 Fri, 17 Jan 2025 14:35:00 -0500 Major cryptocurrencies rallied on Friday, with bitcoin back on track toward its record high days ahead of the second inauguration of crypto-friendly President-elect Donald Trump. Frances Yue Getty Images The Cost of Surviving a Wildfire https://www.nytimes.com/2025/01/16/business/los-angeles-fires-rebuilding-costs.html NYT > Business Day urn:uuid:088bab0b-8332-a94b-0e99-98fa6526e694 Fri, 17 Jan 2025 14:30:33 -0500 Evacuating a disaster is often the lifesaving choice, but it comes with short-term costs to address immediate needs and incalculable personal and financial tolls in the future. Southern California Wildfires (Jan 2025) Wildfires Los Angeles County (Calif) Personal Finances Disasters and Emergencies Evacuations and Evacuees Federal Emergency Management Agency Colleen Hagerty Majid Amirani, Roya Lavasani and one of their daughters, Rezvon Amirani, with their family goat, Coco, outside of the Westwood Recreation Center, which has been turned into an evacuation shelter. Alex Welsh for The New York Times My parents saved money for my siblings and I to go to college but I don&#8217;t want to help them with their retirement &#8211; am I wrong? https://247wallst.com/personal-finance/2025/01/17/my-parents-saved-money-for-my-siblings-and-i-to-go-to-college-but-i-dont-want-to-help-them-with-their-retirement-am-i-wrong/ 24/7 Wall St. urn:uuid:72a394a5-329d-0d0f-7de1-5ece4d53eb08 Fri, 17 Jan 2025 14:28:32 -0500 <p>Reddit is full of wisdom and even financial questions we all need answers to. While we never advise you to take financial advice from strangers and always encourage meeting with a professional financial advisor to make any big decisions, we do value the opinion of our fellow Redditors. This writer came across an interesting post [&#8230;]</p> <p>The post <a href="https://247wallst.com/personal-finance/2025/01/17/my-parents-saved-money-for-my-siblings-and-i-to-go-to-college-but-i-dont-want-to-help-them-with-their-retirement-am-i-wrong/">My parents saved money for my siblings and I to go to college but I don&#8217;t want to help them with their retirement &#8211; am I wrong?</a> appeared first on <a href="https://247wallst.com">24/7 Wall St.</a>.</p> <div id="keypoints" class="keypoints-box"> <h3 class="keypoints-header">Key Points</h3> <ul class="keypoints-list"> <li class="keypoints-item"> <p>Children aren’t legally obligated to support their parents’ retirement costs.</p> </li> <li class="keypoints-item"> <p>Parents aren’t legally obligated to give children any savings they created for them.</p> </li> <li class="keypoints-item"> <p>Familial relationships are often strained by unclear expectations around money.</p> </li> <li class="keypoints-item"> <p>Retiring early is possible, and may be easier than you think. <a href="https://247wallst.com/go/smartasset?tpid=1467476&amp;tv=link&amp;tc=in_content">Click here now to see if you’re ahead, or behind</a>. (Sponsor)</p> </li> </ul> </div> <p>Reddit is full of wisdom and even financial questions we all need answers to. While we never advise you to take financial advice from strangers and always encourage meeting with a professional financial advisor to make any big decisions, we do value the opinion of our fellow Redditors. This writer came across an <a href="https://www.reddit.com/r/OhNoConsequences/comments/1ew8506/parents_werent_legally_obligated_to_give_their/">interesting post</a> the other day regarding the responsibilities of adult children to fund their parents’ retirement, and the responses were fascinating. I’ll set the stage and provide some opinions, but let you decide for yourself what the right answer is.</p> <h2>College Education Fund Versus Early Retirement</h2> <p><img fetchpriority="high" decoding="async" class="aligncenter" src="https://247wallst.com/wp-content/uploads/2024/11/shutterstock-2445725181-huge-licensed-scaled.jpg" alt="Graduation cap university or college degree on US dollars banknotes pile. Education expense budget plan of money saving, student loan or debt, personal loan, scholarship for studying abroad concept." width="1500" height="1001" data-caption="" data-id="1451577" data-credit="Pla2na / Shutterstock.com"></p> <p>In the original post, the writer speaks of his parents creating a college fund for him and his siblings. Both siblings used the fund to pay for college, but he received a full scholarship to the university. He also left home and worked as a welder to support himself, never asking for money from his parents. When he requested the money to help him get through school (although his tuition was paid for by scholarship), his parents responded that the money was intended for his education. He mentioned that he’d worked hard to get his scholarship, but they decided to put the money into a Disney vacation for the entire family and renovations for their home.</p> <p>The writer doesn’t come right out and say he resents the decisions, but the moment comes full circle just over a decade later when he’s a successful engineer. Because his career doesn’t lend itself to relationships (he travels regularly), he doesn’t have a partner or kids. His siblings do. One sibling is a teacher, and one is a social worker, and both parents are teachers. Recently, his parents asked if he would help them out financially so <a href="https://247wallst.com/personal-finance/2024/09/13/the-dream-of-early-retirement-is-still-alive-if-you-can-follow-these-steps/?tpid=1467476&amp;tv=link&amp;tc=in_content">they could retire early</a>. He posed the questions to other Redditors if it’s his responsibility to support them and give up his own nest egg. </p> <p>It’s important to note that when he asked his parents for his college fund, they mentioned that they weren’t “legally obligated” to give it to him. He used the same wordage when they asked him for retirement money, so they accused him of holding a grudge. </p> <h2>What Goes Around, Comes Around</h2> <p><img decoding="async" class="aligncenter" src="https://247wallst.com/wp-content/uploads/2024/12/Untitled-design-2024-12-15T122553.475.jpg" alt="Early Retirement" width="1600" height="900" data-caption="Early Retirement" data-id="1460967" data-credit="shapecharge from Getty Images Signature and designer491 from Getty Images"></p> <p>Although the responses do not provide demographic information, most seem to come from adults in similar life situations. Here are some of the most common responses.</p> <p>Many seem a bit vindictive and believe the situation has come full circle. They feel it’s karma doing her thing. Their exact words were “Rules for thee and not for me.”</p> <p>Others mention that the money isn’t for a need. The parents just want to retire early. The original poster mentions that they aren’t doing hard labor or back-breaking work but rather teaching in classrooms. A common consensus is that the parents should’ve invested the money they saved for the OP’s college rather than taking a vacation, and their retirement would’ve been funded with their investment.</p> <p>Some posters are bothered by the idea that it’s okay to ask the youngest child without a family for money but not the other children. They’re bothered because their lives don’t seem to be as valuable to their parents. </p> <p>Perhaps one of the most compelling comments comes from a parent who states they didn’t have children as a retirement fund. If children are expected to fund their parent’s retirement, they are born with a weight around their neck that they didn’t ask for. When love or gifts are given in a quid pro quo fashion, the relationship becomes transactional, which can seriously harm it.</p> <h2>Is It Legally Required?</h2> <p><img decoding="async" class="aligncenter" src="https://247wallst.com/wp-content/uploads/2024/10/Untitled-design-2024-10-21T160348.403.jpg" alt="Retirement" width="1600" height="900" data-caption="Retirement" data-id="1446491" data-credit="Canva | brusinski from Getty Images Signature and Nomadsoul1 from Getty Images"></p> <p>The post was full of snarky responses, but the OP did not desire to “stick it” to his parents. He only wanted to remind them that he was not legally obligated to support them any more than they were legally obligated to give him his college fund. In the United States, there are social safety nets and state programs to help retirees, but no laws that require children to fund a retirement.</p> <p>Most commenters supported the OP and downvoted comments that supported the parents, but ultimately, it’s a decision that each individual must make.</p> <p> </p><div class="fwpPitch" data-pitch-hardcoded="" data-tc="65ee29f26ae7b" data-site="247wallst" data-link="" data-campaign-name="SA_AdvisorPitch2" data-utm-source="247wallst" data-utm-campaign="SA_AdvisorPitch2" data-utm-term="247wallst"><h2><strong>Get Ready To Retire <sup>(Sponsored)</sup></strong></h2> <p>Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.</p> <p>Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.</p> <p>Here’s how it works:<br> 1. <a href="https://247wallst.com/go/smartasset?utm_source=247wallst&amp;utm_campaign=SA_AdvisorPitch2&amp;utm_content=desktop%7Cmy-parents-saved-money-for-my-siblings-and-i-to-go-to-college-but-i-dont-want-to-help-them-with-their-retirement-am-i-wrong%7C1467476&amp;utm_term=247wallst&amp;utm_medium=eoaCTALink&amp;tc=in_content&amp;tpid=1467476&amp;tv=link" target="_blank" rel="noopener nofollow sponsored">Answer SmartAsset advisor match quiz</a><br> 2. 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Have an introductory call on the phone or introduction in person and choose whom to work with in the future</p> <p>Get started <a href="https://247wallst.com/go/smartasset?utm_source=247wallst&amp;utm_campaign=SA_AdvisorPitch2&amp;utm_content=desktop%7Cmy-parents-saved-money-for-my-siblings-and-i-to-go-to-college-but-i-dont-want-to-help-them-with-their-retirement-am-i-wrong%7C1467476&amp;utm_term=247wallst&amp;utm_medium=eoaCTALink&amp;tc=in_content&amp;tpid=1467476&amp;tv=link" target="_blank" rel="noopener nofollow sponsored">right here</a>.</p> <p></p></div><p>The post <a href="https://247wallst.com/personal-finance/2025/01/17/my-parents-saved-money-for-my-siblings-and-i-to-go-to-college-but-i-dont-want-to-help-them-with-their-retirement-am-i-wrong/">My parents saved money for my siblings and I to go to college but I don&#8217;t want to help them with their retirement &#8211; am I wrong?</a> appeared first on <a href="https://247wallst.com">24/7 Wall St.</a>.</p> Personal Finance Katie Price The ‘January defect’ could slam stocks if buyers don’t step up quick https://www.marketwatch.com/story/the-january-defect-could-slam-stocks-if-buyers-dont-step-up-quick-a70a5e5f?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:7da78886-be5f-fed2-14cf-2f9a6d1ce93f Fri, 17 Jan 2025 14:22:00 -0500 For the bulls to reassert control, the S&P 500 would have to rally to all-time highs. Lawrence G. McMillan Getty Images Hopes are high that home builders will fix America’s housing crisis. But the data tell a different story. https://www.marketwatch.com/story/hopes-are-high-that-home-builders-will-fix-americas-housing-crisis-but-the-data-tell-a-different-story-d8593090?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:9092075d-8281-3285-841a-0d0ae4e0c485 Fri, 17 Jan 2025 14:18:00 -0500 Construction of new homes jumped in December, but a look at 2024 overall shows builders weren’t ramping up construction despite strong demand. Aarthi Swaminathan Scott Olson/Getty Images