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Former "NBC Nightly News" anchor Tom Brokaw was on the defensive on Thursday after Variety Magazine published an interview with a former NBC correspondent claiming Brokaw sexually harassed her. Linda Vester, an NBC reporter for a decade from 1989 to 1999, told Variety that Brokaw physically tried to force her to kiss him and groped her on NBC property. She also claimed that Brokaw showed up to her hotel room uninvited. Variety confirmed that two of Vester's friends were told about Brokaw's alleged behavior around the time of the incidents. In response to the allegations, Brokaw sent a statement through NBC to Variety stating, "I met with Linda Vester on two occasions, both at her request, 23 years ago because she wanted advice with respect to her career at NBC. The meetings were brief, cordial and appropriate, and despite Linda’s allegations, I made no romantic overtures towards her at that time or any other.”There are also no other known claims of sexual harassment against Brokaw. Vester told Variety that recent events at NBC, including revelations of alleged sexual harassment involving ex-Today Show host Matt Lauer, have prompted her to speak out. Vester told Variety that the sexual advances began four years after she began her NBC career during Pope John Paul's 1993 visit to Denver. "I’m standing there, and Tom Brokaw enters through the door and grabs me from behind and proceeds to tickle me up and down my waist," she said. "I jumped a foot and I looked at a guy who was the senior editor of “Nightly,” and his jaw was hanging open. Nobody acted like anything wrong was happening, but I was humiliated. I didn’t know Brokaw other than to say hello in the hall."Vester said that she was also asked several times in 1994 to have drinks with Brokaw. Vester claimed that Brokaw also called her, saying he was coming over. Vester said that 30 minutes later, Brokaw was at her door. "He walked past me and sat down on the sofa in my suite," Vester told Variety. "He puts his arm on the back of the sofa and he said, 'I like our rat-a-tat-tat.' I thought it was a bizarre statement."Vester added, "I could feel myself trembling. As I stood there, I asked in a frustrated and scared tone, 'What do you want from me?' And he gave me a look of annoyance like he couldn’t believe I didn’t get it. He said, 'An affair of more than passing affection.'"Vester left NBC in 1999 to anchor a program for Fox News. Since leaving Fox News in 2005, she has been a stay-at-home mom. To read Vester's full interview with Variety, click here.  2665

Finding out that someone has bought you a present is almost always awesome. Unless that gift is for your unborn child and you are, as far as you know, not expecting.Amazon sent out some very confusing emails on Tuesday, telling a large number of customers that someone had bought an item off their baby registry. Many of the recipients did not have a baby registry -- let alone a baby gestating or any plans to have or adopt a baby. 440

For those would-be investors wanting to jump into the stock market but wondering which stock to buy, legendary investor Warren Buffett has a suggestion: Try buying 500 stocks instead.“In my view, for most people, the best thing to do is own the S&P 500 index fund,” Buffett said at Berkshire Hathaway’s annual meeting in May. But what is the S&P 500, and how do you invest in one of its funds?Here’s an intro to how S&P 500 funds work, and whether one might be a good fit for your portfolio.What is the S&P 500?The S&P 500, or S&P, is a stock market index comprising shares of 500 large, industry-leading U.S. companies. It is widely followed and often considered a proxy for the overall health of the U.S. stock market.Standard & Poor’s, an American investment information service, created the index in 1957. Every quarter, its investment committee meets to review which stocks belong in the index based on each company’s market size, liquidity and group representation. Today, 505 stocks constitute the index, since some of the 500 companies have more than one class of shares.Contrary to popular belief, the stocks forming the index are not the 500 biggest U.S. companies, but they are arguably the 500 most important companies. Over .2 trillion is invested through the index, with these 505 stocks representing about 80% of the total U.S. stock market’s value.The S&P 500 is a cap-weighted index, meaning each stock within the index is weighted according to its market capitalization, or total market value (number of outstanding shares multiplied by current market price). The larger the company, the greater its influence on the index.As of Aug. 31, 2020, these are the top 10 companies by index weight in the S&P 500:Apple.Microsoft.Amazon.Facebook.Alphabet, Google’s parent company (shares in classes A and C).Berkshire Hathaway.Johnson & Johnson.Visa.Procter & Gamble.How do you invest in the S&P 500?An index is a measure of its underlying stocks’ performance, so you cannot directly invest in the index itself. Buying every company’s shares would be an arduous task (think 505 separate transactions), but thankfully there are index funds and exchange-traded funds, or ETFs, that replicate the index, effectively doing that work for you.While all S&P 500 funds track the holdings of this index, an investor must consider whether using an index fund (a passively managed mutual fund) or an ETF makes the most sense for them. The good news when weighing index funds versus ETFs is that there are solid S&P 500 options in each category, and all of these products leverage the diversity of the index itself.Because the S&P 500 is weighted by each company’s market capitalization, the larger companies in the index can sometimes have an outsize impact on the performance of the larger index. In other words, a big dip in price for Apple shares can create a dip in the index as a whole. Because of this, some investors prefer to purchase the S&P 500 in an equal-weighted format, so that each company has the same impact on the index. This is meant to create an index that is more representative of the overall U.S. market.After deciding your preference for an index fund or ETF, cap-weighted or equal-weighted, you can begin narrowing down which S&P 500 fund to purchase. To minimize your costs, look into each fund’s expense ratio — the percentage of your assets you’ll pay in fees each year — to see how they compare.Fees are important here since all of these funds track the same index, which means their returns should be roughly the same. The lower the fee, the more of that return you keep.Should you invest in the S&P 500?There are a number of things to think about before you choose any investment. But an S&P fund can generally be a good choice if you want to add broad exposure to the U.S. stock market to your portfolio.“The S&P 500 is a key part of a diversified investing strategy because it’s a good bet that the U.S. economy will continue to succeed and grow in the long term,” says Tony Molina, senior product manager at Wealthfront. The U.S. has the largest economy and stock market in the world, and is one of the most resilient and active, especially when it comes to innovation. That’s why it’s a no-brainer to include the S&P 500 as part of your portfolio.”Larger companies are generally more stable to invest in because they are well-established and widely followed. Thus, these stocks usually have less risk and lower volatility. The S&P 500 combines large companies across various industries, so investors access a broad, diversified mix of companies when investing in it.Choosing an index fund or ETF can also help investors avoid — or at least minimize — the behavioral pitfalls from stock-picking, which is a losing strategy, says Dejan Ilijevski, president of Sabela Capital Markets.Ilijevski cites the May 2018 study by professor Hendrik Bessembinder at Arizona State University, which examined investments in publicly traded U.S. stocks between 1926 and 2016 and found that just over 4% of the companies accounted for the total wealth created.“Picking those few individual winners is impossible,” Ilijevski says. “Your best bet is to own as much of the market with a fund that tracks the index.”Using index funds and ETFs can help investors generate strong returns while also minimizing their costs, says Kevin Koehler, chartered financial analyst and director of the investment strategy group at Miracle Mile Advisors in Los Angeles.“Investing in the S&P 500 the past 25 years would have given an investor over a 10% annualized return, proving that an investor does not need to be paying high expenses to get good market returns,” Koehler says.Are there drawbacks to investing in the S&P 500?There are caveats to consider. The S&P 500 consists of only large-cap U.S. stocks. Portfolio diversification encompasses buying mid- and small-cap companies along with large-caps; allocating funds to international companies along with domestic ones; and including bonds, cash and potentially other asset classes with stocks.Koehler also notes drawbacks in the S&P 500 related to its market-cap weighting.“As passive investing increases, investors are continually investing in S&P 500 funds, which has contributed to a ‘rich get richer’ problem, where the largest stocks are getting larger due to S&P 500 investing, rather than individual stock investing,” Koehler says. “This can lead to higher volatility, as active managers sell an individual stock on top of index funds selling a portion. The market could continuously be overvalued compared to its underlying value.”But relative to the downsides of many investment types, the flaws of S&P 500 funds seem relatively minor, especially when used as a part of your overall portfolio and held for the longer term. This helps explain why icons like Buffett have so publicly endorsed them.“I happen to believe that Berkshire is about as solid as any single investment can be, in terms of earning reasonable returns over time,” said Buffett at the May meeting, speaking about the investing company he’s turned into an empire. “But, I would not want to bet my life on whether we beat the S&P 500 over the next 10 years.”More From NerdWallet4 Ways Women Can Invest in Other WomenHow the Pros Ride Market Volatility — and Why You Shouldn’tIf Doing Less Means Saving More, Try These 5 Money MovesTiffany Lam-Balfour is a writer at NerdWallet. Email: tlambalfour@nerdwallet.com. 7573

FRESNO, Calif. (AP) — A Northern California man posed as a woman on dating apps to lure men to a meeting place and then rob and carjack them, prosecutors said.Contra Costa County District Attorney's Office charged Hakeem Doeparker, 20, this week with multiple felonies, including second-degree robbery and criminal threats, attempted extortion and carjacking, The Fresno Bee reported Wednesday.Doeparker allegedly created female profiles on apps such as Skout and MeetMe! to connect with his victims. Prosecutors said he scheduled dates with the victims in Antioch, which is about 45 miles (72 km) northwest of San Francisco.He approached victims from behind, pointed a gun at them and threatened to shoot or kill them if they did not give him their money or car keys.The charges stem from incidents that occurred in June with four men, who all escaped unharmed. Doeparker successfully took money and two cars, which police later recovered.Doeparker, who is in custody, pleaded not guilty to the charges on Tuesday.Prosecutors believe there may be several additional victims. An investigation is ongoing. 1112

Ford has sold cars for more than century. But it's embracing drones to broaden its mission for the future.In a blog post published late Wednesday, the company revealed it has a team in Silicon Valley researching how drones could fit into its business.The move is part of a greater effort to transition into a mobility company -- one that draws upon all elements of transportation, from cars and buses to bikes and now drones."As drone adoption accelerates, we think many of our customers will want to use these devices as part of their lifestyle, whether to pursue hobbies or even as a tool for their business," wrote Adi Singh, Ford's principal drone scientist.He expects drones to one day deliver packages and perhaps even people.However, specific plans for how Ford will incorporate drones into its business and vehicles hasn't yet been determined.Although it may seem like an unlikely move for the company, Ford has shown an interest in drones since 2016. In fact, it is also the only automaker to sit on the FAA's aviation rulemaking committee.But that's not to say Ford is the only car company to express the same interest. In 2016, Mercedes-Benz pledged to invest 0 million in delivery robots and drones. It previously demoed a prototype van that launched drones from its roof to make deliveries.Before automated drones deliver goods to our homes, governments will need to be convinced they're safe and trustworthy. One hot topic is making sure law enforcement can remotely identify suspicious drones. Ford revealed in its recent blog post it has developed its own system for identifying drones, and offered it to the FAA."It's not enough for my team to just create the next big solution and create fancy drones and put them in vehicles," Singh told CNN. "We need to work toward a system where that kind of integration is scalable."  1856