Here are Credit Suisse’s 10 ‘surprises’ for 2020, including a big market prediction

A trader works on the floor of the New York Stock Exchange (NYSE) in New York. The market started 2020 on a strong note as easing geopolitical tensions lifted stocks to all-time highs, and according to one strategist, this year’s rally is just getting started. In Credit Suisse’s annual list of “10 surprises,” global equity strategist Andrew Garthwaite said the S&P could rise another 25%. Other predictions include oil finishing the year as one of the three best-performing sectors, as well as Chin


A trader works on the floor of the New York Stock Exchange (NYSE) in New York.
The market started 2020 on a strong note as easing geopolitical tensions lifted stocks to all-time highs, and according to one strategist, this year’s rally is just getting started.
In Credit Suisse’s annual list of “10 surprises,” global equity strategist Andrew Garthwaite said the S&P could rise another 25%.
Other predictions include oil finishing the year as one of the three best-performing sectors, as well as Chin
Here are Credit Suisse’s 10 ‘surprises’ for 2020, including a big market prediction Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: pippa stevens
Keywords: news, cnbc, companies, including, trader, prediction, threedecade, big, list, credit, surprises, 2020, suisses, yorkthe, technology, underperforminga, works, york, strategist, tensions, market


Here are Credit Suisse's 10 'surprises' for 2020, including a big market prediction

A trader works on the floor of the New York Stock Exchange (NYSE) in New York.

The market started 2020 on a strong note as easing geopolitical tensions lifted stocks to all-time highs, and according to one strategist, this year’s rally is just getting started.

In Credit Suisse’s annual list of “10 surprises,” global equity strategist Andrew Garthwaite said the S&P could rise another 25%. Other predictions include oil finishing the year as one of the three best-performing sectors, as well as China’s GDP growth rate hitting a three-decade low and the technology sector underperforming.

A “surprise” on the list, which has been published for nearly 30 years and includes five positive and five negative outcomes, is defined as an event outside the firm’s core scenario, but one where the distribution skews.


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: pippa stevens
Keywords: news, cnbc, companies, including, trader, prediction, threedecade, big, list, credit, surprises, 2020, suisses, yorkthe, technology, underperforminga, works, york, strategist, tensions, market


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‘Shark Tank’s’ Daymond John: There’s no such thing as a ‘big break’—this is how it really works

Even on “Shark Tank,” where brands have been catapulted to success after appearing on the show, “there is no one big break,” says Shark fashion entrepreneur Daymond John. “Actually, when there is that big break you’ve, probably made a whole bunch of little breaks that got you to that big break,” John said in a video he tweeted Tuesday. “You know, it shook up The Gap,” John told CNBC’s “The Brave Ones” in 2018. “They would spend millions of dollars airing a FUBU ad not knowing it. (The Gap ad can


Even on “Shark Tank,” where brands have been catapulted to success after appearing on the show, “there is no one big break,” says Shark fashion entrepreneur Daymond John.
“Actually, when there is that big break you’ve, probably made a whole bunch of little breaks that got you to that big break,” John said in a video he tweeted Tuesday.
“You know, it shook up The Gap,” John told CNBC’s “The Brave Ones” in 2018.
“They would spend millions of dollars airing a FUBU ad not knowing it.
(The Gap ad can
‘Shark Tank’s’ Daymond John: There’s no such thing as a ‘big break’—this is how it really works Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: cory stieg
Keywords: news, cnbc, companies, daymond, gap, big, told, little, break, shark, theres, breakthis, john, tanks, fubu, works, really, thing


'Shark Tank's' Daymond John: There's no such thing as a 'big break'—this is how it really works

Even on “Shark Tank,” where brands have been catapulted to success after appearing on the show, “there is no one big break,” says Shark fashion entrepreneur Daymond John.

He doesn’t believe in the concept.

“Actually, when there is that big break you’ve, probably made a whole bunch of little breaks that got you to that big break,” John said in a video he tweeted Tuesday.

Daymond’s clothing company FUBU, which he launched in 1992, is a good example of this, according to John.

For example, it seemed like a “big break” for FUBU when LL Cool J, the company’s spokesperson (and by then a partner in the business), wore a FUBU hat and surreptitiously name-dropped “For Us By Us” in a 1997 commercial for The Gap. The exposure — and controversy — helped put John’s brand on the map.

“You know, it shook up The Gap,” John told CNBC’s “The Brave Ones” in 2018. “They would spend millions of dollars airing a FUBU ad not knowing it. The entire hip hop community was just dying laughing.” (The Gap pulled the ad three weeks later.)

“[The Gap] helped out a little fledgling company,” LL Cool J, whose name is James Todd Smith, told Oprah Winfrey in 2013.

(The Gap ad can be seen about 25 seconds into the clip embedded below.)


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: cory stieg
Keywords: news, cnbc, companies, daymond, gap, big, told, little, break, shark, theres, breakthis, john, tanks, fubu, works, really, thing


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Mind-reading technology lets you control tech with your brain — and it actually works

These devices can record brain signals from sensors on the scalp (or even devices implanted within the brain) and translate them into digital signals. This industry is expected to reach $1.5 billion this year, with the technology used for everything from education and prosthetics, to gaming and smart home control. I tried a couple of wearables that track brain activity at CES this week, and was surprised to find they really work. “FocusOne is detecting the subtle electrical signals that your bra


These devices can record brain signals from sensors on the scalp (or even devices implanted within the brain) and translate them into digital signals.
This industry is expected to reach $1.5 billion this year, with the technology used for everything from education and prosthetics, to gaming and smart home control.
I tried a couple of wearables that track brain activity at CES this week, and was surprised to find they really work.
“FocusOne is detecting the subtle electrical signals that your bra
Mind-reading technology lets you control tech with your brain — and it actually works Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-10  Authors: julia boorstin
Keywords: news, cnbc, companies, signals, focus, focusing, focused, actually, control, works, state, technology, brain, lets, headband, mindreading, tech, prosthetic, headset


Mind-reading technology lets you control tech with your brain — and it actually works

LAS VEGAS — It’s not the self-driving cars, flying cars or even the dish-washing robots that stick out as the most transformative innovation at this year’s Consumer Electronics Show: It’s the wearable gadgets that can read your mind.

There’s a growing category of companies focused on the “Brain-Computer Interface.” These devices can record brain signals from sensors on the scalp (or even devices implanted within the brain) and translate them into digital signals. This industry is expected to reach $1.5 billion this year, with the technology used for everything from education and prosthetics, to gaming and smart home control.

This isn’t science fiction. I tried a couple of wearables that track brain activity at CES this week, and was surprised to find they really work. NextMind has a headset that measures activity in your visual cortex with a sensor on the back of your head. It translates the user’s decision of where to focus his or her eyes into digital commands.

“You don’t see with your eyes, your eyes are just a medium,” Next Mind CEO Sid Kouider said. “Your vision is in your brain, and we analyze your vision in your brain and we can know what you want to act upon and then we can modify that to basically create a command.”

Kouider said that this is the first time there’s been a brain-computer interface outside the lab, and the first time you can theoretically control any device by focusing your thoughts on them.

Wearing a Next Mind headset, I could change the color of a lamp — red, blue and green — by focusing on boxes lit up with those colors. The headset also replaced a remote control. Staring at a TV screen, I could activate a menu by focusing on a triangle in a corner of the screen. From there, focusing my eyes, I could change the channel, mute or pause video, just by focusing on a triangle next to each command.

“We have several use cases, but we are also targeting entertainment and gaming because that’s where this technology is going to have its best use,” Kouider said. “The experience of playing or applying it on VR for instance or augmented reality is going to create some new experiences of acting on a virtual world.”

Next Mind’s technology isn’t available to consumers yet, but the company is selling a $399 developer kit with the hope that other companies to create new applications.

“I think it’s going to still take some time until we nail … the right use case,” Kouider said. “That’s the reason we are developing this technology, to have people use the platform and develop their own use cases.”

Another company focused on the brain-computer interface, BrainCo, has the FocusOne headband, with sensors on the forehead measuring the activity in your frontal cortex. The “wearable brainwave visualizer” is designed to measure focus, and its creators want it to be used in schools.

“FocusOne is detecting the subtle electrical signals that your brain is producing,” BrainCo President Max Newlon said. “When those electrical signals make their way to your scalp, our sensor picks them up, takes a look at them and determines, ‘Does it look like your brain is in a state of engagement? Or does it look like your brain is in a state of relaxation?'”

Wearing the headband, I tried a video game with a rocket ship. The harder I focused, the faster the rocket ship moved, increasing my score. I then tried to get the rocket ship to slow down by relaxing my mind. A light on the front of the headband turns red when your brain is intensely focused, yellow if you’re in a relaxed state and blue if you’re in a meditative state. The headbands are designed to help kids learn to focus their minds, and to enable teachers to understand when kids are zoning out. The headband costs $350 for schools and $500 for consumers. The headset comes with software and games to help users understand how to focus and meditate.

BrainCo also has a prosthetic arm coming to market later this year, which will cost $10,000 to $15,000, less than half the cost of an average prosthetic. BrainCo’s prosthetic detects muscle signals and feeds them through an algorithm that can help it operate better over time, Newlon said.

“The thing that sets this prosthetic apart, is after enough training, [a user] can control individual fingers and it doesn’t only rely on predetermined gestures. It’s actually like a free-play mode where the algorithm can learn from him, and he can control his hands just like we do,” Newlon said.


Company: cnbc, Activity: cnbc, Date: 2020-01-10  Authors: julia boorstin
Keywords: news, cnbc, companies, signals, focus, focusing, focused, actually, control, works, state, technology, brain, lets, headband, mindreading, tech, prosthetic, headset


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How the tear gas industry works

How the tear gas industry worksThe use of tear gas has become prolific. With unrest around the globe intensifying, in places like Hong Kong and Iraq, the nonlethal weapons industry is expected to surge. By 2023, this industry could make nearly $12 billion dollars in revenue. So, where does all this tear gas come from? The U.S. is the largest developer, operator and exporter of nonlethal weapons, according to market research from Stratistics MRC.


How the tear gas industry worksThe use of tear gas has become prolific.
With unrest around the globe intensifying, in places like Hong Kong and Iraq, the nonlethal weapons industry is expected to surge.
By 2023, this industry could make nearly $12 billion dollars in revenue.
So, where does all this tear gas come from?
The U.S. is the largest developer, operator and exporter of nonlethal weapons, according to market research from Stratistics MRC.
How the tear gas industry works Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-10
Keywords: news, cnbc, companies, industry, weapons, gas, works, stratistics, tear, turns, surge, worksthe, nonlethal, unrest


How the tear gas industry works

How the tear gas industry works

The use of tear gas has become prolific. With unrest around the globe intensifying, in places like Hong Kong and Iraq, the nonlethal weapons industry is expected to surge. By 2023, this industry could make nearly $12 billion dollars in revenue. So, where does all this tear gas come from? It turns out a lot of that manufacturing is happening on U.S. soil. The U.S. is the largest developer, operator and exporter of nonlethal weapons, according to market research from Stratistics MRC.


Company: cnbc, Activity: cnbc, Date: 2020-01-10
Keywords: news, cnbc, companies, industry, weapons, gas, works, stratistics, tear, turns, surge, worksthe, nonlethal, unrest


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Victoria Secret’s parent stock falls on weak holiday sales and trimmed forecast

Victoria’s Secret parent company L Brands said its holiday sales shrunk, leading the retailer to cut its earnings outlook for the fourth quarter. The news comes on the heels of L Brands promising investors in September that an “evolution” was ahead for the embattled lingerie brand. L Brands now expects to report fourth-quarter earnings of $1.85 per share, down from its previous forecast of $2.00 per share. Sales of scented candles and lotions have been propping up L Brands’ otherwise increasingl


Victoria’s Secret parent company L Brands said its holiday sales shrunk, leading the retailer to cut its earnings outlook for the fourth quarter.
The news comes on the heels of L Brands promising investors in September that an “evolution” was ahead for the embattled lingerie brand.
L Brands now expects to report fourth-quarter earnings of $1.85 per share, down from its previous forecast of $2.00 per share.
Sales of scented candles and lotions have been propping up L Brands’ otherwise increasingl
Victoria Secret’s parent stock falls on weak holiday sales and trimmed forecast Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-09  Authors: amelia lucas lauren thomas, amelia lucas, lauren thomas
Keywords: news, cnbc, companies, sales, parent, holiday, weak, brands, victorias, shipping, victoria, stores, body, forecast, stock, trimmed, works, secret, falls, secrets, samestore


Victoria Secret's parent stock falls on weak holiday sales and trimmed forecast

Victoria’s Secret parent company L Brands said its holiday sales shrunk, leading the retailer to cut its earnings outlook for the fourth quarter.

The news comes on the heels of L Brands promising investors in September that an “evolution” was ahead for the embattled lingerie brand. But there weren’t many bright spots in its reports on Thursday.

To stem sales declines, L Brands has promised to use a more diverse group of models in its Victoria’s Secret marketing and advertising — that will reflect women of all shapes and sizes. It has vowed to make more trend-right and comfortable products, to try to win back the customers who have fled its stores for the likes of ThirdLove and Adore Me. But that didn’t come in time for the holidays.

Shares of the company fell more than 4% in premarket trading.

L Brands now expects to report fourth-quarter earnings of $1.85 per share, down from its previous forecast of $2.00 per share.

During the nine weeks that ended Jan. 4, L Brands saw net sales of $3.9 billion, down from $4.1 billion a year ago. Same-store sales declined by 3%.

Victoria’s Secret’s same-store sales across its stores and direct channels shrank by 12% during the holiday season, a much steeper drop than the previous year’s decline of 4%.

Its Bath & Body Works division reported same-store sales growth of 9%. Sales of scented candles and lotions have been propping up L Brands’ otherwise increasingly outdated bra and underwear business. But some analysts have said even Bath & Body Works’ best days are over.

“Bath & Body Works’ top line has been great but margins are beginning to erode and compares are daunting,” Jefferies analyst Randy Konik said in a note to clients earlier this month.

“Candle penetration is maxing out,” he added. “Over time, BBW.com likely will have to offer more ‘free shipping’ offers and its products are heavy, which adds to shipping expense. … These factors will cause margins to erode further in the segment.”

L Brands shares, as of Wednesday’s market close, are down about 35% over the past 12 months. The retailer has a market cap of $5 billion.

Read the full press release here.


Company: cnbc, Activity: cnbc, Date: 2020-01-09  Authors: amelia lucas lauren thomas, amelia lucas, lauren thomas
Keywords: news, cnbc, companies, sales, parent, holiday, weak, brands, victorias, shipping, victoria, stores, body, forecast, stock, trimmed, works, secret, falls, secrets, samestore


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Barack Obama shares his favorite TV shows, movies and music of 2019

On Dec. 28, former President Barack Obama revealed his annual year-end list of favorite books. Over the next few days, he also shared his favorite movies, TV shows and songs of 2019. Obama’s movie list includes “American Factory,” a documentary from his and his wife Michelle’s new production company, Higher Ground Productions. SiR “Juice” by Lizzo “Redesigning Women” by The Highwomen “Anybody” by Burna Boy “Burning” by Maggie Rogers “Baila Baila Baila” (Remix) by Ozuna feat. Don’t miss: Barack O


On Dec. 28, former President Barack Obama revealed his annual year-end list of favorite books.
Over the next few days, he also shared his favorite movies, TV shows and songs of 2019.
Obama’s movie list includes “American Factory,” a documentary from his and his wife Michelle’s new production company, Higher Ground Productions.
SiR “Juice” by Lizzo “Redesigning Women” by The Highwomen “Anybody” by Burna Boy “Burning” by Maggie Rogers “Baila Baila Baila” (Remix) by Ozuna feat.
Don’t miss: Barack O
Barack Obama shares his favorite TV shows, movies and music of 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-02  Authors: kathleen elkins
Keywords: news, cnbc, companies, favorite, works, shares, 2019, list, movies, remix, obama, obamas, baila, shows, love, barack, feat, women, music


Barack Obama shares his favorite TV shows, movies and music of 2019

On Dec. 28, former President Barack Obama revealed his annual year-end list of favorite books. Over the next few days, he also shared his favorite movies, TV shows and songs of 2019.

“While each of us has plenty that keeps us busy — work and family life, social and volunteer commitments — outlets like literature and art can enhance our day-to-day experiences,” he wrote in a post on Instagram. “They’re the fabric that helps make up a life — the album that lifts us up after a long day, the dog-eared paperback we grab off the shelf to give to a friend, the movie that makes us think and feel in a new way, works that simply help us escape for a bit.”

Obama’s movie list includes “American Factory,” a documentary from his and his wife Michelle’s new production company, Higher Ground Productions. “It’s our first offering in partnership with Netflix, and I’m excited about the other projects we’ve got in the works,” he writes.

Here’s the full list of Obama’s favorite movies of 2019:

“American Factory” “Amazing Grace” “Apollo 11” “Ash Is Purest White” “Atlantics” “Birds of Passage” “Booksmart” “Diane” “The Farewell” “Ford v Ferrari” “The Irishman” “Just Mercy” “The Last Black Man in San Francisco” “Little Women” “Marriage Story” “Parasite” “The Souvenir” “Transit”

Here are Obama’s favorite TV shows of 2019:

“Fleabag: Season 2” “Unbelievable” “Watchmen”

Here are Obama’s favorite songs of 2019:

“Playing Games” by Summer Walker “Not” by Big Thief “Go DJ” by Kaytranada feat. SiR “Juice” by Lizzo “Redesigning Women” by The Highwomen “Anybody” by Burna Boy “Burning” by Maggie Rogers “Baila Baila Baila” (Remix) by Ozuna feat. Daddy Yankee, J Balvin, Farruko and Anuel AA “Different Kind of Love” by Adia Victoria “Change” by Mavis Staples “Toast” by Koffee “Oblivions” by The National “Binz” by Solange “Seventeen” by Sharon Van Etten “Middle Child” by J. Cole “Jícama” by Angelica Garcia “Go” by The Black Keys “La Vida Es Un Carnaval” (Rollo Tomasi Remix) by Angélique Kidjo “Show Me Love” by Alicia Keys feat. Miguel “Joke Ting” by Goldlink feat. Ari Pensmith “Old Town Road” (Remix) by Lil Nas X feat. Billy Ray Cyrus “cold/mess” by Prateek Kuhad “Suge” by DaBaby “Hello Sunshine” by Bruce Springsteen “In My Room” by Frank Ocean “Iron Man” by Rema “The London” by Young Thug feat. J. Cole and Travis Scott “Raleighwood Hills” by LesTheGenius feat. Sonny Miles and Jaxson Free “Pure Water” by Mustard feat. Migos “3 Nights” by Dominic Fike “The Fact of Love” by Joe Henry “Con Altura” by Rosalía “I Want You Around” by Snoh Aalegra “On Chill” by Wale feat. Jeremih “MOOD 4 EVA” by Beyoncé

Obama started the tradition of sharing his reading lists and playlists during his presidency as a “nice way to reflect on the works that resonated with me and lift up authors and artists from around the world,” he said in 2017.

Check out his list of favorites from 2018.

Don’t miss: Barack Obama shares his 19 favorite books of 2019

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Company: cnbc, Activity: cnbc, Date: 2020-01-02  Authors: kathleen elkins
Keywords: news, cnbc, companies, favorite, works, shares, 2019, list, movies, remix, obama, obamas, baila, shows, love, barack, feat, women, music


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Barack Obama shares his 19 favorite books of 2019

On Dec. 28, former President Barack Obama revealed his annual year-end list of favorite books. Later in the weekend, he also shared his favorite movies and TV shows of the year, including “Booksmart,” “The Irishman” and “Fleabag.” This year’s book list consisted of 19 reads that “made the last year a little brighter for me,” he wrote. “Most of them came out in 2019, but a few were older ones that were new to me this year.” Here’s the full list of Obama’s favorite books of 2019.


On Dec. 28, former President Barack Obama revealed his annual year-end list of favorite books.
Later in the weekend, he also shared his favorite movies and TV shows of the year, including “Booksmart,” “The Irishman” and “Fleabag.”
This year’s book list consisted of 19 reads that “made the last year a little brighter for me,” he wrote.
“Most of them came out in 2019, but a few were older ones that were new to me this year.”
Here’s the full list of Obama’s favorite books of 2019.
Barack Obama shares his 19 favorite books of 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-30  Authors: kathleen elkins
Keywords: news, cnbc, companies, wrote, life, favorite, youtube, novel, shares, obama, list, way, works, books, 2019, barack


Barack Obama shares his 19 favorite books of 2019

On Dec. 28, former President Barack Obama revealed his annual year-end list of favorite books. Later in the weekend, he also shared his favorite movies and TV shows of the year, including “Booksmart,” “The Irishman” and “Fleabag.” He said he’ll release his favorite music of the year as well.

“While each of us has plenty that keeps us busy — work and family life, social and volunteer commitments — outlets like literature and art can enhance our day-to-day experiences,” he wrote in a post on Instagram. “They’re the fabric that helps make up a life — the album that lifts us up after a long day, the dog-eared paperback we grab off the shelf to give to a friend, the movie that makes us think and feel in a new way, works that simply help us escape for a bit.”

This year’s book list consisted of 19 reads that “made the last year a little brighter for me,” he wrote. “Most of them came out in 2019, but a few were older ones that were new to me this year.”

Notable selections include Sally Rooney’s novel “Normal People,” which is being adapted for Hulu and set to premiere next year, and Bernardine Evaristo’s 2019 Booker Prize-winning novel, “Girl, Woman, Other.”

Here’s the full list of Obama’s favorite books of 2019. The last two are “for the sports fans,” he noted.

Obama started the tradition of sharing his reading lists and playlists during his presidency as a “nice way to reflect on the works that resonated with me and lift up authors and artists from around the world,” he said in 2017.

Check out his list of favorites from 2018.

Don’t miss: Bill Gates sent an 81-pound package to his Reddit Secret Santa—here’s what was inside

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Company: cnbc, Activity: cnbc, Date: 2019-12-30  Authors: kathleen elkins
Keywords: news, cnbc, companies, wrote, life, favorite, youtube, novel, shares, obama, list, way, works, books, 2019, barack


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Debt-crushing is a top priority for 2020, and this is the best method for you to pay it off

urbazonMoney expert Dave Ramsey likes the snowball method. The one-debt-at-a-time strategy works better than making equal payments across several accounts, and concentrating on the smallest debt works best, according to research published in Harvard Business Review in 2016. In the avalanche method you rank your debts by interest rate, highest to lowest. Or try Boneparth’s own hybrid method: Calculate how much you’d save in interest if you used the avalanche method with a snowball vs. avalanche c


urbazonMoney expert Dave Ramsey likes the snowball method.
The one-debt-at-a-time strategy works better than making equal payments across several accounts, and concentrating on the smallest debt works best, according to research published in Harvard Business Review in 2016.
In the avalanche method you rank your debts by interest rate, highest to lowest.
Or try Boneparth’s own hybrid method: Calculate how much you’d save in interest if you used the avalanche method with a snowball vs. avalanche c
Debt-crushing is a top priority for 2020, and this is the best method for you to pay it off Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-27  Authors: jill cornfield
Keywords: news, cnbc, companies, best, avalanche, highest, priority, pay, works, snowball, debt, interest, boneparth, smallest, debts, 2020, method, debtcrushing


Debt-crushing is a top priority for 2020, and this is the best method for you to pay it off

Paul Bradbury | Getty Images

Snowball or avalanche

What’s the best way to pay down debt? The answer depends on who you ask.

urbazon

Money expert Dave Ramsey likes the snowball method. You look at all your debts and pick the one with the smallest balance. Ignore the interest rate. Ignore the type of debt. Just choose the smallest amount and throw all your resources at paying that down. You do still have to keep up minimum payments on your other accounts, of course. The theory is that aggressively attacking the smallest amount will allow you to see some immediate results, which then kicks motivation into high gear. There’s some support for this. The one-debt-at-a-time strategy works better than making equal payments across several accounts, and concentrating on the smallest debt works best, according to research published in Harvard Business Review in 2016. But it’s undeniable that you’ll be incurring more interest charges. Douglas Boneparth, a CFP and president of Bone Fide Wealth in New York, gives the snowball a thumbs-down. “I personally think it assumes people are too weak or too stupid to choose the approach that, at the end of the day, puts the most amount of money in their pocket,” he said. In the avalanche method you rank your debts by interest rate, highest to lowest. Dedicate any extra resources possible to the balance that has the highest interest. All other balances get the minimum payment. When the highest one is paid off, start paying off the next highest.

Try a blizzard

As a financial advisor, Boneparth is well-acquainted with how psychology influences money choices. “People become attracted to strategies like the snowball because it offers greater short-term gratification,” he said. Some people will never care that it doesn’t make as much sense financially. Boneparth points out another snow-themed strategy — the blizzard — that combines the snowball and the avalanche. Put your debts in size order. Give yourself a burst of motivation with one snowball debt clearing. Then, switch to the avalanche to attack your remaining balances. Or try Boneparth’s own hybrid method: Calculate how much you’d save in interest if you used the avalanche method with a snowball vs. avalanche calculator. Mentally take half that amount and earmark it for a reward for yourself. Come up with a regular reminder to inspire you to keep attacking your debt, Boneparth says.

Make it personal


Company: cnbc, Activity: cnbc, Date: 2019-12-27  Authors: jill cornfield
Keywords: news, cnbc, companies, best, avalanche, highest, priority, pay, works, snowball, debt, interest, boneparth, smallest, debts, 2020, method, debtcrushing


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Liquidity will help drive stock strength in 2020: Portfolio manager

Liquidity will help drive stock strength in 2020: Portfolio managerKevin Caron, senior portfolio manager at Washington Crossing Advisors, and Kenny Polcari, senior market strategist of SlateStone Wealth, join CNBC’s “Squawk on the Street” team to discuss how markets are trading as the U.S. works on trade agreements and the 2019 trading year comes to a close.


Liquidity will help drive stock strength in 2020: Portfolio managerKevin Caron, senior portfolio manager at Washington Crossing Advisors, and Kenny Polcari, senior market strategist of SlateStone Wealth, join CNBC’s “Squawk on the Street” team to discuss how markets are trading as the U.S. works on trade agreements and the 2019 trading year comes to a close.
Liquidity will help drive stock strength in 2020: Portfolio manager Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-24
Keywords: news, cnbc, companies, washington, trading, liquidity, help, street, 2020, manager, stock, drive, strength, trade, team, portfolio, senior, works, wealth


Liquidity will help drive stock strength in 2020: Portfolio manager

Liquidity will help drive stock strength in 2020: Portfolio manager

Kevin Caron, senior portfolio manager at Washington Crossing Advisors, and Kenny Polcari, senior market strategist of SlateStone Wealth, join CNBC’s “Squawk on the Street” team to discuss how markets are trading as the U.S. works on trade agreements and the 2019 trading year comes to a close.


Company: cnbc, Activity: cnbc, Date: 2019-12-24
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Meet the 19-year-old filmmaker who made history at Tribeca and now works with Ava DuVernay

His debut feature film, “Burning Cane,” which he wrote and directed in high school, won Best Narrative Feature and Best Cinematography at Tribeca Film Festival earlier this year. Since Tribeca, Youmans’ film, which focuses on the complexities of religion in a southern black Louisiana community, has caught the attention of several power players in Hollywood including award-winning filmmakers like Ava DuVernay and Barry Jenkins. In December of his junior year, the then 16-year-old started writing


His debut feature film, “Burning Cane,” which he wrote and directed in high school, won Best Narrative Feature and Best Cinematography at Tribeca Film Festival earlier this year.
Since Tribeca, Youmans’ film, which focuses on the complexities of religion in a southern black Louisiana community, has caught the attention of several power players in Hollywood including award-winning filmmakers like Ava DuVernay and Barry Jenkins.
In December of his junior year, the then 16-year-old started writing
Meet the 19-year-old filmmaker who made history at Tribeca and now works with Ava DuVernay Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-24  Authors: courtney connley
Keywords: news, cnbc, companies, youmans, tribeca, history, sort, started, director, meet, works, 19yearold, filmmaker, duvernay, school, orleans, ava, cane, burning, film


Meet the 19-year-old filmmaker who made history at Tribeca and now works with Ava DuVernay

At just 19 years old, Phillip Youmans is already making history as a director in Hollywood. His debut feature film, “Burning Cane,” which he wrote and directed in high school, won Best Narrative Feature and Best Cinematography at Tribeca Film Festival earlier this year. The film also won the festival’s Founders Award, making Youmans the youngest and first black director to receive that honor. Since Tribeca, Youmans’ film, which focuses on the complexities of religion in a southern black Louisiana community, has caught the attention of several power players in Hollywood including award-winning filmmakers like Ava DuVernay and Barry Jenkins. In September, DuVernay’s distribution company, ARRAY, acquired Youmans’ feature film and released it in select theaters across the country and on Netflix in November. “The reception and response that the film has received so far is really beyond me,” the New Orleans native tells CNBC Make It. He says that “when you look back at how grassroots this production was” you will see that “the life the film has taken on is a supreme blessing.”

Producer/director Ava DuVernay and writer/director Phillip Youmans attends the Build Series to discuss “Burning Cane” at Build Studio on November 11, 2019 in New York City./Getty Images) Jim Spellman/Getty Images

Creating the film

Youmans got his first introduction into filmmaking when he was a young kid who was interested in acting. After participating in a few local production sets in his hometown, the teen developed a strong interest in what was happening off camera. “I saw so much about the process behind the camera and how much more interesting that was to me,” he says. “I realized so many of the creative conversations and so much of the creative control that I was personally interested in lie behind the camera.” From that point on, Youmans says he started writing his own short scripts when he was about 11 years old. Then, when he reached high school, he attended the New Orleans Center for Creative Arts, which he credits as a turning point for developing his skills as a filmmaker. “It’s a very sort of technical film school in a way,” he says. “It did sort of give me a big help and boost in sort of solidifying the technical foundation of filmmaking for me.” In December of his junior year, the then 16-year-old started writing the script for his now award-winning film “Burning Cane.” Initially, he says, the project was going to be a short film titled “The Glory.” But after presenting the script to his high school instructor Isaac Webb at the beginning of 2017, Webb convinced him to turn the short into a feature film. “I started churning out drafts for the feature-length script and just going through revisions with my peers, with [Webb] and reading with actors,” says Youmans. During this time, the teen says he also started picking up extra shifts at a local coffee shop, Morning Call, and he started an Indiegogo campaign with his friends in order to raise the money needed to produce the film. After putting together funds from his campaign, family donations, his savings account and the extra money he picked up from his job, Youmans started filming “Burning Cane” during the summer of 2017 in New Orleans. He also tapped some of his friends and classmates to help him with production.

Writer/director Phillip Youmans attends the Build Series to discuss his film “Burning Cane” at Build Studio on November 11, 2019 in New York City. Jim Spellman/Getty Images

“Overall, when you look at what we spent, it was in the ballpark of $60,000,” says Youmans. “But it was never something where we had all of that [money] at one point in time.” As he continued to make progress on putting together his cast and crew, Youmans connected with a customer at Morning Call who promised to put him in touch with award-winning actor and former NOCCA graduate Wendell Pierce. “I definitely sort of freaked out,” says the 19-year-old. “Because I thought working with an actor of that sort of prestige and talent seemed completely out of belief. Like, it didn’t even seem like a possibility.” After connecting with Pierce about the film and its storyline, the veteran actor decided to not only come on board and play the reverend in Youmans’ debut film, but he also decided to be a producer on the project. In August of 2017, Youmans and his team shot Pierce’s scenes and then created a short trailer for the film. Youmans, who was hopeful about getting the film in front of the right people, sent that trailer to “Beasts of the Southern Wild” director Benh Zeitlin over Instagram. Shortly after sending the direct message, Youmans says Zeitlin responded with an invitation for them to meet up in the city. Youmans says the two hit it off, with Zeitlin eventually coming on board as an executive producer of the film. “Benh has just been an incredibly formative mentor,” says Youmans, in regards to the director who moved to New Orleans in 2006 to shoot his short film “Glory at Sea.” “Benh spent countless upon countless hours with me sort of combing through the edit, helping me organize feedback sessions and helping us get a grant from #CreateLouisiana that ended up being incredibly formative for the final product.” That grant, which Youmans says was a cash award of roughly $25,000, was helpful in terms of sorting out the licensing for the film and its post-production release.

Photo courtesy of Getty

Connecting with Ava DuVernay

After submitting the film to Tribeca Film Festival and winning some of the event’s biggest awards, Youmans started to think further about how he could spread the word about his project. As a fan of DuVernay, he reached out to the director and the president of ARRAY, Tilane Jones, to see if there was an opportunity for them to work together. “I sent a letter to Ava and Tilane saying that I really felt like our missions were the same in a way,” says Youmans. “They are so dedicated to promoting the work of filmmakers of color and women of all kind, and my mission as a filmmaker is to create a humanizing portrait of the black experience. So, really it was just me talking about how it would be an honor to be with them and to have ‘Burning Cane’ find a home with ARRAY.” After back and forth conversations with Youmans and the ARRAY team, the 19-year-old got his wish of joining the ARRAY family. At former president Barack Obama’s Obama Summit in November, DuVernay discussed her relationship with Youmans and her admiration for his work. “He made something with what he had,” she says. “He wasn’t thinking about studios … because he gave the film to a black woman-owned distribution company and said, ‘There you go.'” DuVernay continued by saying, “I’m so inspired by a kid who is not enamored by all of the trappings of what maybe enamored me earlier on moving into this space. He is just about story, and I’ve been so inspired and re-centered just by watching him fight for and defend and share his story by any means necessary.” After receiving early praises from DuVernay on Twitter, Youmans’ work caught the attention of Academy Award-winning director Barry Jenkins. After Jenkins started following Youmans on Twitter, the 19-year-old sent him a direct message thanking him for his work and expressing his desire to meet him one day. To his surprise, Jenkins not only responded to his message but he also sent his number for Youmans to text. Though the two have yet to meet in-person, Youmans says he hopes to meet the director soon.

Phillip Youmans attends Awards Night – 2019 Tribeca Film Festival at BMCC Tribeca PAC on May 02, 2019 in New York City. Slaven Vlasic/Getty Images for Tribeca Film Festival

Next steps

As “Burning Cane” continues to gain attention, Youmans, who enrolled in New York University film school right after high school, says he’s taking time off from college to focus on the film’s success. “I definitely see the value in school and in college,” he says. “In the case of ‘Burning Cane’ and what it means for my wider career, I feel like I’ve been so fortunate that it has resonated with people and that there seems to be a sort of career trajectory looming if I keep working as hard as I can and keep on the same pace. So, I don’t really ever want to slow down.” With a clear vision and desire to make films for years to come, Youmans is already working on his next narrative feature that will focus on the New Orleans 1970 chapter of The Black Panther Party. “I got to know the Panthers early on in high school, and they’re still friends of mine today,” he says. “I’m really excited to give a humanizing full scope picture of the New Orleans chapter and their time there, especially because a lot of people don’t know that New Orleans had a chapter.” When reflecting back on his career and all of the success he’s seen already, Youmans says there is one piece of advice that has been most useful to him. “I think the best career advice I ever got was probably from my [aunt],” he says. “She told me the seven P’s: Proper prior preparation prevents piss poor performance. And I think that’s just been so true and helpful in reminding myself of that sort of sentiment.” Like this story? Subscribe to CNBC Make It on YouTube!

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Company: cnbc, Activity: cnbc, Date: 2019-12-24  Authors: courtney connley
Keywords: news, cnbc, companies, youmans, tribeca, history, sort, started, director, meet, works, 19yearold, filmmaker, duvernay, school, orleans, ava, cane, burning, film


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