• I’m Gen Z and my parents help me financially. My dad says it’s a loan against my inheritance.

    Woman sitting on stoop in London
    The author's parents helped her pay her rent during her three years living in London.

    • I'm 25 years old and I'm moving in with my parents after living in London for three years. 
    • While in the UK, they sent me $1,000 monthly to help me pay rent. 
    • My dad says this is a loan I am borrowing against my inheritance. 

    I'm turning 25 this month, and I'm about to move in with my parents after living abroad for three years — and in London, one of the world's most expensive cities, since September.

    When I moved to the "Big Smoke," my mom and dad offered to send me $1,000 every month, mainly to help with rent. For transparency's sake, I make roughly $2,300 per month as a journalist, rent costs $1,300, and bills are $250, leaving me with $750 for food, transportation, and other necessities, as well as going out with friends and experiencing all that the UK's capital city has to offer.

    Without my parents' help, I'd just about be breaking even, living paycheck-to-paycheck — which many people are forced to do.

    I suggested moving back in with them, which many of my friends have done

    The last time I saw my parents, I floated the idea of moving back home, back to the comforts of suburban New Jersey life — and the comforts of free lodging, utilities, food, car insurance, streaming services, what have you — for a few months. Of my friends, almost all have lived at home at least once since graduating from college.

    I feel bad about taking my parents' money, especially when I can technically afford to live without it. I'm an employed adult and they don't owe me anything; their generosity, which supported me through both an undergraduate and graduate degree, means the world to me, and without it, my life today would be drastically more difficult. As an only child, I always ran the risk of being a spoiled kid. I've done my best to fight this stereotype, working minimum-wage jobs since I was legally allowed, and achieving financial independence would be the final signifier of self-sufficiency.

    My parents didn't receive much financial help during their 20s; their circumstances were different, as was the economy some 30 years ago. They chose relatively lucrative fields (accounting and software development), and now they're upper-middle class, able to afford luxurious hotels and plane tickets and Disney World passes and — for a few years there — a second home. In their words, I should expect a hefty inheritance.

    They call it a loan against my inheritance

    I expressed my anxieties about living on "daddy's money," so to speak, and my parents understood my unease. My dad suggested I think of their help as a loan — not one I'm borrowing from them, but one I'm borrowing from my future self, from my inheritance.

    Objectively, their money will be much more impactful to me now, at 25, than it will be at 65. Proportionately, $1,000 makes a bigger difference to my bank account than it does to theirs. Plus, merely living at home — occupying a spare room that would have otherwise served no real purpose – doesn't create an added expense for them, but it's a significant money-saver for me.

    I feel like it's OK to admit when we're getting support from our parents, as the cost of living continues to increase and financial independence looks less attainable for people my age. Things which once seemed mundane — owning a house, buying a car, having a baby — now appear almost impossible to a 20-something single woman like me, who doesn't work in technology, business, law, or medicine.

    Truthfully, my decision to pursue a creative career largely stems from my own privilege — from knowing I have something to fall back on when my income alone can't pay the bills. This isn't fair, it's a systemic issue, and it shouldn't place blame on any one individual.

    My loan begs larger questions about capitalism and consumerism, taxation, income inequality, and class disparity. Until we address these economic issues, many young people will rely on their parents, and we shouldn't resent them for it.

    Read the original article on Business Insider
  • Nita Ambani was the ‘CEO’ behind the wedding that drew global A-listers to Mumbai over the weekend, daughter-in-law says

    Anant Ambani, Radhika Merchant, and Nita Ambani at pre-wedding events
    Anant Ambani's wife says mother-in-law Nita Ambani was the "CEO" responsible for planning the star-studded wedding bash.

    • Anant Ambani and Radhika Merchant got married in a star-studded ceremony in Mumbai over the weekend.
    • Merchant credited her mother-in-law, Nita Ambani, for planning the festivities.
    • It takes a whole crew of professionals to pull off a large-scale Indian wedding, experts say.

    Anant Ambani — the son of Asia's richest man, Mukesh Ambani — married Radhika Merchant over the weekend. The newlyweds have heaped praise on Nita Ambani, the groom's mother, for the way the festivities turned out.

    "My mother-in-law was the C.E.O. of the wedding, as I like to say," Merchant told Vogue in an exclusive interview. "It was Nita's commitment and vision that brought our entire celebration to life."

    Nita Ambani oversaw the planning of the wedding festivities alongside her daughter, Isha Ambani, and her daughter-in-law, Shloka Ambani, Merchant said.

    In addition to their in-house staff, the Ambanis also engaged the help of event planners to pull off the celebrations, per Vogue. The festivities took place over multiple weeks and culminated in a three-day wedding ceremony in Mumbai over the weekend.

    The couple kicked off the festivities with a pre-wedding party in March, which featured some 1,200 guests, including business leaders like Mark Zuckerberg and Bill Gates.

    During a speech at the pre-wedding bash, Anant thanked his mother for working tirelessly over months to make the party happen.

    "All this is created by my mother and no one else, and my mother has gone all out for the last four months," Anant can be heard saying in a video of the speech uploaded in March. "She's worked for, I think, 18, 19 hours a day, and I'm extremely grateful to Mama. Thank you so much."

    Ambani's pre-wedding parties included performances from Justin Bieber and Rihanna, among other celebrities.

    Shadows, chefs, technicians: The staff behind a massive wedding

    While the newlyweds have been generous in their praise of Nita's work for the wedding, it takes a massive crew of professionals to pull off such an event. A multi-day Indian celebrity wedding can require around 500 staff, wedding planners previously told Business Insider.

    In addition to chefs, waiters, decorators, and technicians, each main family member may also be assigned a personal butler, or "shadow," during the wedding to manage their needs, from holding their phones to ensuring hydration, the wedding planners said. Top security firms and local authorities may even be engaged to protect high-profile guests.

    The planners BI spoke to said a typical three-day wedding that they plan costs about $1.2 million. A spokesperson for the Ambanis did not respond to a request for comment about the costs for Anant's wedding, which was hosted at the Ambani-owned Jio World Convention Centre.

    The wedding festivities sparked some controversy over the weekend due to disruptions caused by traffic diversions and road closures. Nevertheless, the planners BI spoke to expect the scale of the wedding to leave a global impact on the wedding-planning industry.

    "Given the immense influence celebrities have, their weddings often become blueprints for future celebrations worldwide," Bharat Jagasia, a Delhi-based wedding planner, told BI.

    Read the original article on Business Insider
  • As the US reels from the Trump assassination attempt, China sees weakness

    Donald Trump with a bloody face, US and Chinese flags.
    The assassination attempt on Trump has sparked alarm in China, but also fed its most common narratives about the US.

    • The assassination attempt on Trump has shocked China as well, exploding in virality on social media.
    • But it's also fed common narratives in China about the US, like the idea that it's a "Gotham City." 
    • The attack on Saturday has resurfaced usual criticisms of gun violence and political infighting.

    A gunman's assassination attempt on former President Donald Trump has flung the US back into the spotlight in China.

    The deadly shooting on Saturday, which killed one spectator at Trump's Pennsylvania rally and left the former president's ear bleeding, has dominated discussions on Weibo, China's version of X.

    Within one day, topics covering the shooting itself, Trump's response, and viral photos of the Republican nominee's fist-pump have received over 1.7 billion total views on Weibo, per data seen by Business Insider.

    Many reactions closely mirrored the mood on international social-media platforms like X, with users expressing shock and rushing to decipher the details of the attack.

    Yet for the Chinese internet, a prevailing outcome of the shooting has been that it confirms a widely held bias of the US being poorly run and prone to internal strife because of its political system.

    Gun violence and a narrative of chaos

    Gun access, one of the usual suspects in Chinese criticism toward the US, reemerged at the fore of discussion on Sunday. The FBI says the 20-year-old rally shooter, Thomas Matthew Crooks, used a legally purchased 5.56mm AR-style rifle to attack Trump.

    "Free America, a shooting every day," wrote one user. Theirs was the most-liked comment on the state media's report on the shooting.

    "But why won't you ban guns?" another user wrote.

    "Because the Americans have heard too many gunshots, so they are immune to them," one person wrote when a blogger discussed the crowd's reaction to the shooting.

    It's a narrative that's been propagated for years in China: The idea that the US, with its protests, urban crime rates, and gun violence, is an incessantly chaotic and dangerous place to live in. Some have taken to routinely referring to the US as a massive "Gotham City."

    Beijing, meanwhile, has been building China's image as a country with low crime and close to no gun violence.

    "It feeds into the broader, persistent narrative that China is a far 'safer' and more orderly country compared to the United States," Dylan Loh, an assistant professor of politics and social science at the National University of Singapore, told BI.

    "It is true that such public gun-related violence is almost unheard of in China," Loh added.

    Democracy is seen as too messy

    The same sentiment appeared in The Global Times, a tabloid often considered a mouthpiece for the ruling government. One Chinese professor told the outlet that the attack on Trump showed the"ongoing rampant gun violence issue in the US."

    "This indicates that political violence has been a persistent element in American history," Diao Daming, a professor at the Renmin University of China in Beijing, told the outlet.

    That's another criticism often levied by China against the US and liberal democracy as a whole. People there frequently opine that the US two-party election system is messy, hinders real progress, and creates needless infighting.

    "The only way for Biden to defeat Trump is to assassinate him, and the only way for us to defeat the United States is to hope that the United States starts a civil war," one blogger wrote on Sunday.

    "The US election is more entertaining than all the entertainment variety shows and film art in the world," another wrote.

    China's one-party system typically changes its paramount leader every 10 years, though Xi Jinping has governed for 12 and has removed limits on his time in the nation's highest office.

    'Comrade Nation Builder'

    Memes of Trump's survival have also surfaced, with users cheering how "Comrade Nation Builder" was escorted away with just a bleeding ear.

    A sarcastic nickname for the former president that surged in popularity after the January 6, 2021, Capitol riot, it's used to lampoon Trump as a man secretly working for China to undermine the US.

    "This photo of Trump is too good. The photographer deserves a bonus! Comrade Nation Builder has made such great sacrifices," wrote a beauty blogger.

    Some have also photoshopped a Chinese flag behind Trump as he raised his fist in defiance.

    One Weibo user reposted a photoshop edit of Trump raising his fist against the backdrop of the Chinese flag.
    One user reposted a photoshop edit of Trump raising his fist against the backdrop of the Chinese flag.

    "Even though the bullet struck my ear, I can still hear the voice of the Party!" one blogger wrote jokingly in a caption.

    China's central government, for its part, has said little officially about the attack. Xi, meanwhile, joined world leaders in expressing sympathy to Trump.

    To be sure, the attack on Trump has been widely criticized in the US as a failure of the Secret Service, with experts questioning how a gunman was able to reach a vantage point with a weapon so close to the former president's location.

    Top leaders on both sides of the aisle have also asked for calm, calling for political rhetoric to tone down.

    "Obviously, we can't go on like this as a society," House Speaker Mike Johnson said on Sunday.

    Read the original article on Business Insider
  • Scarlett Johansson says Sam Altman could be a decent Marvel villain — maybe one with a ‘robotic arm’

    Sam Altman attending Apple's Worldwide Developers Conference; Scarlett Johansson attending a photocall for her movie "Fly Me To The Moon."
    Scarlett Johansson said she'd turned down OpenAI CEO Sam Altman's offer to voice its AI model in September. But the company later released a model in May that featured a voice that was similar to her's.

    • Sam Altman may want to consider ringing up Marvel if the AI thing doesn't pan out.
    • "Black Widow" star Scarlett Johansson said the OpenAI CEO could well make a decent Marvel villain.
    • "Maybe with a robotic arm," Johansson quipped to The New York TImes' Maureen Dowd.

    Actor Scarlett Johansson thinks OpenAI CEO Sam Altman would make a good Marvel villain.

    "I guess he would — maybe with a robotic arm," the "Black Widow" star told The New York Times' Maureen Dowd in a story published Saturday.

    Johansson made the quip after talking about her dispute with Altman and his company, OpenAI. The company released its latest GPT-4o model in May, which came with several voice options.

    But the AI model soon drew the ire of Johansson after many social media users pointed out that one of its voices, "Sky," sounded just like the AI chatbot she voiced in Spike Jonze's 2013 film "Her."

    "When I heard the released demo, I was shocked, angered and in disbelief that Mr. Altman would pursue a voice that sounded so eerily similar to mine that my closest friends and news outlets could not tell the difference," Johansson said in a statement on May 20.

    In her statement, Johansson said she'd initially turned down Altman's offer to voice the AI model back in September. Altman, she said, approached her again in May, "two days before the ChatGPT 4.0 demo was released" on May 13.

    "Before we could connect, the system was out there," she said.

    On May 19, OpenAI said in a blog post that it pausing "Sky's" release.

    "The voice of Sky is not Scarlett Johansson's, and it was never intended to resemble hers. We cast the voice actor behind Sky's voice before any outreach to Ms. Johansson," Altman said in a statement the following day. "We are sorry to Ms. Johansson that we didn't communicate better."

    https://platform.twitter.com/widgets.js

    In her interview with Dowd, Johansson said that "it was surreal" when OpenAI released "Sky" to the world.

    "I had actively avoided being a part of the conversation, which was what made it so disturbing," Johansson told The Times. "I was like, 'How did I get wrapped up in this?' It was crazy. I was so angry."

    "I think technologies move faster than our fragile human egos can process it, and you see the effects all over, especially with young people. This technology is coming like a thousand-foot wave," she said.

    Representatives for Altman and Johansson didn't immediately respond to requests for comment from Business Insider sent outside regular business hours.

    Read the original article on Business Insider
  • Here are the top 10 ASX 200 shares today

    A man wearing a red jacket and mountain hiking clothes stands at the top of a mountain peak and looks out over countless mountain ranges.

    The S&P/ASX 200 Index (ASX: XJO) had another euphoric day of trading this Monday, kicking off the trading week with an almighty bang.

    That bang saw the Index rise above 8,000 points for the first time ever, as well as hit a new record high.

    By the time trading closed today, the ASX 200 had lifted a happy 0.73% up to 8,017.6 points after rising as high as 8,037.3 points earlier this morning.

    This ‘off to the races’ start to the week for ASX shares comes after a happy conclusion to the American trading week last Friday.

    The Dow Jones Industrial Average Index (DJX: DJI) had a great time, rising 0.62% after hitting a new record high of its own.

    The Nasdaq Composite Index (NASDAQ: .IXIC) was also in fine form, shooting up 0.63%.

    But let’s get back to this week and the local markets, and take a look at how the different ASX sectors fared amid today’s jubilant trading conditions.

    Winners and losers

    It was all smiles amongst the ASX sectors today, with every single one gaining in value.

    The least impressive gains were to be found in the industrials space though. The S&P/ASX 200 Industrials Index (ASX: XNJ) recorded a respectable, but relatively small, rise of 0.25%.

    Gold shares did a little better though, with the All Ordinaries Gold Index (ASX: XGD) ekeing out a 0.33% improvement.

    Consumer staples stocks did better again. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) bounced 0.33% this session.

    Utilities shares had a great day too, with the S&P/ASX 200 Utilities Index (ASX: XUJ) enjoying a 0.54% lift.

    Then we had mining stocks. The S&P/ASX 200 Materials Index (ASX: XMJ) was running hot, and rose 0.55%.

    Energy shares outperformed miners though, with the S&P/ASX 200 Energy Index (ASX: XEJ) increasing 0.67%.

    ASX financial stocks were in demand too. The S&P/ASX 200 Financials Index (ASX: XFJ) galloped 0.7% higher today.

    Healthcare shares made their presence known to investors as well, evident from the S&P/ASX 200 Healthcare Index (ASX: XHJ)’s 0.79% climb.

    Communications stocks were making their holders a happy lot. The S&P/ASX 200 Communication Services Index (ASX: XTJ) surged up 1.02%.

    Real estate investment trusts (REITs) got the bronze medal this Monday, with the S&P/ASX 200 A-REIT Index (ASX: XPJ) soaring 1.08%.

    Consumer discretionary shares were the second-best place to be. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) banked a gain of 1.37%.

    But it was tech stocks that took out today’s crown. The S&P/ASX 200 Information Technology Index (ASX: XIJ) was lighting up the ASX boards with a happy 1.39% leap higher.

    Top 10 ASX 200 shares countdown

    The top stock from today’s trading came in as healthcare share Nanosonics Ltd (ASX: NAN).

    Nanosonics stock rocketed 5.08% today, up to $3.31 a share.

    This rise came after the company released what was evidently a well-received trading update.

    Here’s a look at the rest of today’s biggest winners:

    ASX-listed company Share price Price change
    Nanosonics Ltd (ASX: NAN) $3.31 5.08%
    Charter Hall Group (ASX: CHC) $12.73 4.77%
    Block Inc (ASX: SQ2) $103.13 4.19%
    Seek Ltd (ASX: SEK) $21.54 3.96%
    Nickel Industries Ltd (ASX: NIC) $0.86 3.61%
    Mirvac Group (ASX: MGR) $2.08 3.48%
    Data#3 Ltd (ASX: DTL) $8.32 2.97%
    Flight Centre Travel Group Ltd (ASX: FLT) $22.56 2.78%
    WiseTech Global Ltd (ASX: WTC) $97.64 2.47%
    GPT Group (ASX: GPT) $4.50 2.51%

    Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

    The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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  • A classmate of Trump shooting suspect Thomas Matthew Crooks says the gunman was such a bad shot he got rejected from their high school rifle team

    Republican presidential candidate former President Donald Trump is rushed offstage during a rally on July 13, 2024 in Butler, Pennsylvania.
    Donald Trump is rushed offstage during a rally in Pennsylvania after an attempted assassination.

    • A 20-year-old man fired at Donald Trump in Butler, Pennsylvania, killing one rallygoer.
    • An ex-classmate said the gunman was a poor shot and was rejected from his high school's rifle team.
    • "He was asked not to come back because how bad of a shot he was," the classmate said to ABC News.

    The 20-year-old gunman who fired at former President Donald Trump at his rally in Butler, Pennsylvania, on Saturday was a bad shot, his ex-classmate says.

    Jameson Myers, who said he attended both elementary and high school with the suspect, Thomas Matthew Crooks, spoke to ABC News after the shooting, which left one rallygoer dead and two others injured.

    Myers told ABC News Crooks had tried to join their high school's rifle team, but was rejected and told not to try out again.

    "He didn't just not make the team, he was asked not to come back because how bad of a shot he was, it was considered like, dangerous," Myers said.

    Myers graduated in 2022 with Crooks. According to CBS News, Myers was in the Bethel Park High School varsity rifle team. He told CBS he and Crooks were close in elementary school but not in high school.

    Another anonymous rifle team member told ABC News that people believed Crooks "wasn't really fit" to join them.

    "He also shot terrible," the team member said.

    But Myers added that Crooks, who was killed at the scene by Secret Service agents, never acted like a "political revolutionary" and that he was a "very nice, even sweet guy."

    The rifle team's coach declined to respond to ABC News' queries. The school district told the outlet that Crooks had "never appeared on a roster" and that there was "no record" of him trying out.

    The FBI confirmed Crook's identity to Business Insider early on Sunday morning.

    Crooks was a dietary aide at the Bethel Park Skilled Nursing and Rehabilitation Center, the center said in a statement obtained by The Hill on Sunday. His motives for the attack are, at press time, unclear.

    Outside school, Crooks was a member of the Clairton Sportsmen's Club, a club with multiple pistol and rifle ranges in Clairton, Pennsylvania, CBS News reported.

    He had used an AR-style 5.56 rifle that was legally purchased to shoot Trump and the spectator, FBI Pittsburgh Office Director Kevin Rojek said in a call with reporters on Sunday.

    Trump was seen ducking for cover after gunshots rang out at his Saturday rally. Photographers later captured snapshots of Trump as he stood and pumped his fist at the crowd in defiance, with streaks of blood on his face.

    He was then escorted off-stage by Secret Service agents.

    The top of his ear was pierced with the bullet, Trump wrote in a Truth Social post on Sunday. In an interview with the New York Post on Sunday, he said he was lucky to be alive.

    "I'm not supposed to be here, I'm supposed to be dead," Trump said.

    "By luck or by God, many people are saying it's by God I'm still here," he added.

    He also told the Post that he thinks the Secret Service agents did a "fantastic job" gunning down the shooter.

    Read the original article on Business Insider
  • Cathie Wood says she wouldn’t have sold Nvidia stake ‘had we known that the market was going to reward it’

    Ark Invest's Cathie Wood speaking at Invest Fest; Nvidia CEO Jensen Huang speaking at The New York Times DealBook Summit.
    Cathie Wood's investment fund, Ark Invest sold at least $4.5 million worth of Nvidia stock this year, per The Wall Street Journal.

    • Ark Invest's Cathie Wood says she wouldn't have sold her Nvidia stock if she knew it was going up.
    • She previously called Nvidia a "check the box stock" with too much "hyperactivity." 
    • Nvidia's stock has gained 172% this year, and it briefly became the most valuable company in June. 

    Hindsight is 20/20 for Ark Invest's Cathie Wood, whose fund missed out on the Nvidia stock rally when it sold its position too early.

    "Before selling NVDA in ARKK, had we known that the market was going to reward it and the other Mag 6 stocks to the exclusion of stocks that will be the prime beneficiaries of AI, like TSLA – the largest AI project earth – and multiomics names like RXRX, we would have held it," Wood said in an X post on Sunday.

    Wood's post referred to four stocks via their ticket symbols — Nvidia, Ark Innovation ETF, Tesla, and Recursion Pharmaceuticals.

    She also appeared to reference the "Magnificent Seven," a list of top tech companies that include Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla.

    A Nvidia spokesperson declined to comment to Business Insider.

    Representatives for Wood didn't immediately respond to a request for comment from BI sent outside regular business hours.

    https://platform.twitter.com/widgets.js

    Wood's remarks on Sunday are probably the closest we are ever going to get to a mea culpa from the famed investor. According to The Wall Street Journal, Wood's investment fund sold at least $4.5 million worth of Nvidia stock this year.

    "Everyone now understands that Nvidia is the key chip player. It's created the AI age in a sense, but we do think that it has become a check the box stock," Wood told The Wall Street Journal's Dion Rabouin in a podcast that aired in February.

    "I've watched Nvidia all my career actually since it's gone public, it's a very cyclical stock," she said. "There's this hyperactivity, everyone excited trying to get in at the same time, so there's double ordering, triple ordering, quadruple ordering, and then there is an inventory correction. We think that will happen again."

    But Nvidia's stock price has more than outperformed Wood's bearish prediction. The chip giant's stock has gone up by 172% this year, and it briefly became the world's most valuable company last month.

    To be sure, Wood isn't the only one who thinks Nvidia is wildly overvalued.

    NYU finance professor Aswath Damodaran said he sold half his Nvidia stake last year after the company hit a $1 trillion valuation.

    "The run up has been just so astonishing that I cannot in good conscience hold on to it and call myself a value investor," Damodaran told CNBC in an interview from June 2023.

    Read the original article on Business Insider
  • 3 tips for enjoying fast food even if you’re cutting down on ultra-processed foods, from a dietitian

    Headshot of Kat Garcia-Benson (left) Chipotle worker making a bowl with chicken, beans, and guacamole.
    Dietitian Kat Garcia-Benson shared how to approach eating out if you're trying to avoid ultra-processed foods.

    • Ultra-processed foods are everywhere but tend to be low in nutrients and fiber.
    • A dietitian shared how to grab a quick low-UPF lunch at your favorite chain.
    • Prioritize lean protein over processed meat and include a good source of fiber, she said. 

    A dietitian shared three principles to follow if you want to cut down on ultra-processed foods but rely on fast food chains.

    There's no set definition of UPFs, but they tend to be low in nutrients, and made hyper-palatable using ingredients and processes that you wouldn't find in a regular kitchen. This can lead to overeating and weight gain.

    UPFs make up around 70% of the US food supply, and products can include the obvious soda, candy, to most store-bought sauces and even some wholewheat bread and yogurt.

    Despite the associated health risks of eating UPFs, it's tough to avoid them while eating out. But it is possible to make healthy choices like you would at home, Kat Garcia-Benson, a dietitian based in Texas who works with Top Nutrition Coaching, told Business Insider.

    Garcia-Benson encourages people to feel empowered by their food choices rather than feeling guilt and shame if they're not able to eat perfectly.

    "We can prioritize nutrient-dense foods and at the same time, we can move on that spectrum depending on what's available, what's accessible," she said.

    Garcia-Benson shared three principles to follow if you want to cut down on UPFs but need to eat out.

    Choose a lean protein

    Garcia-Benson recommends prioritizing a lean source of protein, such as grilled chicken, baked fish, or beans, over processed meats like sausage and bacon.

    "If you're wanting to support your health long-term. If you're wanting to have a meal that maybe feels a little bit lighter and gives you a little bit more energy, we're going to focus on the lean protein," she said.

    Processed meats have been linked to a higher risk of colorectal cancer, which is rising in younger people.

    Evidence shows that eating even small amounts of processed meat on a regular basis increases the risk of the disease, according to The American Institute for Cancer Research.

    Include fiber

    Another priority for Garcia-Benson is adding some kind of vegetable or another good source of fiber to every meal.

    "I work a lot in the digestive health field, and so fiber is a big focus of mine when working with clients," she said.

    Fiber, which is found in plant foods such as fruits, vegetables, legumes, whole grains, nuts, and seeds, is crucial for digestive health. It feeds the "good" bacteria in the gut, which are linked to smoother digestion and overall health.

    UPFs tend to be low in fiber and high in fat, salt, and sugar because they're manufactured to be ultra-palatable. So by prioritizing fiber in your meal, you'll naturally eat fewer UPFs.

    Burrito bowl
    Adding fiber to fast food can make it healthier.

    Think about the meal's purpose

    When deciding what to order, it's important to think about what your nutritional needs for the rest of the day are, Garcia-Benson said.

    "What you need that meal to do for you will oftentimes determine what would be the best choice for carbohydrates," she said. If you're going to be sitting at a desk for the rest of the day, you might opt for a salad. But if you're about to work out, you might want to include some more carbs for an energy boost.

    "I like to focus on what to add versus what to take away," Garcia-Benson said.

    Read the original article on Business Insider
  • CSL shares hit new 52-week high! What’s next?

    A woman reclines in a comfortable chair while she donates blood holding a pumping toy in one hand and giving the thumbs up in the other as she is attached to a medical machine to collect her blood donation.

    There’s only one word that can describe the S&P/ASX 200 Index (ASX: XJO)’s performance this Monday: fire. ASX 200 shares, including CSL Ltd (ASX: CSL), were indeed on fire today.

    Not only did the index add a healthy 0.73%, but it has also hit yet another new record high. Yep, the ASX 200 clocked a fresh record of 8,037.3 points this morning. That was shortly after blowing through the psychologically-important 8,000-point threshold for the first time ever as well.

    But let’s talk about ASX 200 healthcare giant CSL.

    New ASX 200 highs all around

    It was a top day for CSL shares as well. The ASX’s third-largest stock also saw its shares at a fresh new high today, albeit a 52-week one. This morning, the CSL share price opened at $308.93 a share after closing at $306.60 last week. But soon after, those same shares climbed up to a flat $311, the new high watermark for CSL.

    At market close, the company cooled off a little to end the day up a decent 0.64% at $308.56.

    This share price puts CSL up by 7.03% in 2024 to date. This company is also sitting on a 12-month gain of 19.22%.

    Saying that, CSL’s new 52-week high isn’t nearly as momentous as that of the broader ASX 200. The company has been here several times before. At least once a year since 2020, CSL shares have ascended above $310 a share. It happened in 2020, 2021, 2022 and 2023. But each time CSL hit this milestone in the past, investors got cold feet and subsequently sent the company lower.

    So, while today marks the first time in 12 months that CSL shares have had ‘311’ at the front of their pricing, we have to go way back to early 2020 to find the last time CSL was at an all-time high. That occurred on 20 February 2020, when CSL hit $342.72 a share.

    But it’s now more than four years later, and we still haven’t seen CSL get anywhere near that all-time record high.

    Check all of this out for yourself here:

    What’s next for CSL shares?

    Fortunately for CSL investors, ASX brokers seem to be excited about what lies in store for the CSL share price.

    Last week, my Fool colleague James covered broker Bell Potter’s bullish view of the healthcare stock.

    Calling CSL “an attractive buying opportunity”, here’s some of what the broker said:

    CSL has been in a holding pattern since 2020, and for good reason. COVID hit the business with higher collection costs for plasma, depressing margins. We anticipate the start of a margin recovery phase for CSL, driving above-market earnings growth over the next few years…

    Given the company’s proven quality and growth prospects, we believe significant upside remains.

    It’s not just Bell Potter though. We’ve recently covered the views of brokers at Macquarie. Macquarie is also bullish on CSL shares, giving the company a buy rating as well as a 12-month share price target of $330.

    Like Bell Potter, Macquarie sees substantial potential for CSL to grow its earnings over the next few years, and as such, views the current CSL share price as undervalued.

    No doubt these optimistic projections will be welcomed by CSL’s investors. But, as always, we’ll have to wait and see if today’s new 52-week high is a sign of things to come.

    The post CSL shares hit new 52-week high! What’s next? appeared first on The Motley Fool Australia.

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    Motley Fool contributor Sebastian Bowen has positions in CSL. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended CSL. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Prepare for earnings! What ASX bank share buyers can learn from Wells Fargo results?

    A man in a suit smiles at the yellow piggy bank he holds in his hand.

    ASX bank shares have been on a tear. Over the past year, the S&P/ASX 200 Banks Index (ASX: XBK) soared 30%, surpassing the S&P/ASX 100 Index (ASX: XTO), which rose shy of 10% during the same period.

    Now, all eyes are on the upcoming reporting season to take cues for the next move from here.

    Meanwhile, some US banks have already started reporting earnings, starting with Wells Fargo & Co (NYSE: WFC), Citigroup Inc (NYSE: C), and JP Morgan Chase & Co (NYSE: JPM).

    Of particular interest were Wells Fargo shares, which plunged nearly 6% after reporting earnings last Friday.

    What caused this drop, and can we take cues from the Wells Fargo earnings for ASX bank shares?

    Weaker net interest income from Wells Fargo

    In the second quarter, from April to June 2024, Wells Fargo recorded US$11.92 billion in net interest income, down 9% from a year ago. Noninterest income grew 19% to US$8.77 billion, leading to a revenue growth of 1% to US$20.53 billion. Net income decreased slightly by 1% from a year ago to US$4.91 billion. Wells Fargo CEO Charlie Scharf said:

    We continued to see growth in our fee-based revenue offsetting an expected decline in net interest income.

    The bank explained that the lower net interest income was due to the impact of higher interest rates on funding costs and lower deposit balances. The surge in noninterest businesses was driven by higher trading revenue in its Markets division and higher fees in investment banking and wealth management services.

    Looking ahead, Wells Fargo expects FY24 net interest income to fall 8% to 9%, compared to previous guidance of 7% to 9%. The bank expects higher expenses for the full year due to higher compensation expenses and a special assessment expense. Reflecting this, the bank guided for noninterest expense of US$54 billion, compared to the previous guidance of US$52.6 billion.

    Wells Fargo shares had risen 32% over the past year before Friday’s 6% fall. The company’s results and weaker FY24 guidance were insufficient to meet the heightened market expectations. While total revenue and profits were in line with analysts’ expectations, the weaker performance in net interest income and FY24 guidance disappointed investors.

    Wells Fargo’s rapid contraction in net interest income might be a good indication of what to look for when ASX banks report.

    How did ASX bank shares perform so far?

    Like US banks, ASX bank shares rose substantially in the past year. Share price performances and FY25 price-to-earnings (P/E) ratios based on S&P Capital IQ estimates are:

    • Commonwealth Bank of Australia (ASX: CBA) shares rose 30% in a year and trade at FY25 P/E of 23x
    • Westpac Banking Corp (ASX: WBC) shares rose 31% in a year and trade at FY25 P/E of 15x
    • National Australia Bank Ltd (ASX: NAB) shares rose 37% in a year and trade at FY25 P/E of 16x
    • ANZ Group Holdings Ltd (ASX: ANZ) shares rose 21% in a year and trade at FY25 P/E of 13x

    ASX banks expect to report their earnings updates in August 2024, mostly between 14 and 20 August.

    The post Prepare for earnings! What ASX bank share buyers can learn from Wells Fargo results? appeared first on The Motley Fool Australia.

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    JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Wells Fargo is an advertising partner of The Ascent, a Motley Fool company. Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Kate Lee has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended JPMorgan Chase. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.