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Israel and the Hezbollah militant group exchanged heavy fire across Lebanon's border on Sunday, fueling fears of a wider conflict in the region as the monthslong war in Gaza continues to rage. “Dozens of rockets hit Israel which destroyed homes, cars and communities.” Israel Defense Forces spokesman Lt. Col. Nadav Shoshani said on X. In a separate statement, the IDF said roughly 150 rockets, cruise missiles, and drones were launched at Israel. “This is a blatant attack on the Al Jazeera channel and Al Jazeera Network and those who are working with them, as well as on the freedom of speech and the task of delivering the truth,” al-Omari told Reuters. Last week, Israel’s government announced it was revoking the press credentials of Al Jazeera journalists in the country, four months after banning the channel from operating inside Israel.

Persons: Nadav Shoshani, Israel‘s Magen David Adom, United Hatzalah, Benjamin Netanyahu, “, JACK GUEZ, Al Jazeera’s, Walid al, ”, Omari, Shlomo Karhi, Al, Israel’s Organizations: Israel Defense Forces, United, IDF, Sunday, Getty, Israel, ., West Bank, Al, Al Jazeera Network, Reuters Locations: Israel, Lebanon's, Gaza, Lebanon, Beirut, Iraq, Iran, State, Haifa, AFP, Al, Ramallah, Al Jazeera, ” Israel

☆ Boeing union members are angry they lost their pension plan. They’re not likely to get it back
▼ + stars: | 2024-09-22 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

Now unions are pushing back, demanding the return of traditional pension plans their members lost in past concession deals. First, a traditional pension plan that pays retirees, or their survivors, a fixed amount of money every month until they die, known as a defined benefit plan. Far less than 1% have only a traditional pension plan. The loss of the traditional pension plan at Boeing 10 years ago is one of the issues driving the strike this year. But the deck is stacked against that kind of reopening of a pension plan at Boeing, even with “pension or bust” signs on the current picket lines.

Persons: International Association of Machinists, Jon Holden, haven’t, Stellantis, John Lawler, Craig Copeland, Lindsey Wasson, unamimously, “, ”, Brian Bryant, Bryant, “ They’re, they’ve, Copeland, they’ll Organizations: New, New York CNN, Boeing, Employers, International Association of, IAM, United Auto Workers, General Motors, Ford, UAW, ”, Research, CNN, Pension, Guaranty Corp, Federal Deposit Insurance Corp, IBM, “ Locations: New York

☆ JD Vance says he's worried about a 'death spiral' in the US bond market. Here's what he's talking about.
▼ + stars: | 2024-09-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

JD Vance warned recently of a "death spiral" in the US bond market. "Do they try to take down the Trump presidency by spiking bond rates?" AdvertisementVice Presidential candidate JD Vance worries about soaring interest rates sparking a "death spiral" in the US bond market that could ultimately "take down the finances of this country." And the only thing that really makes that serviceable is the interest rates are still pretty low. As to where US interest rates seem to be going in the near future, the answer is lower.

Persons: Vance, Trump, JD Vance, —, Tucker Carlson, Liz Truss, Steve Sosnick, Sosnick Organizations: Service, Trump, Federal, Medicare, Social Security, Bank of England, Interactive Brokers, Business Locations: China, Japan

☆ This Chinese stock has a big U.S. buyer in consumer tech aimed at the smart glasses market
▼ + stars: | 2024-09-22 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Smart glasses, many with components made in China, are emerging as an up-and-coming category as the fall consumer technology product season gets underway. Snap has revealed augmented reality glasses ; Meta is expected to do so at its own event starting Sept. 25. The Facebook-parent's Ray-Ban Meta Smart Glasses are already seeing traction, HSBC's Frank He, head of technology hardware research for mainland Chinese stocks, pointed out in a report earlier this month. The roughly $300 Ray-Ban Meta smart glasses allow users to take pictures, short video clips, listen to music and interact with Meta's AI features, according to promotional materials. For the year through July, the optical company's non-smartphone camera module shipments surged about 61%, which HSBC attributes to "brisk sales" of Ray-Ban Meta Smart Glasses.

Persons: parent's Ray, Frank He, Sunny, Ray, Sunny Optical's, — CNBC's Michael Bloom Organizations: HSBC, Ray, U.S, Hong, JPMorgan, HK Locations: China, Hong Kong, Vietnam, India, Europe, U.S, Friday's

☆ Israeli soldiers raid and order closure of Al Jazeera’s Ramallah offices
▼ + stars: | 2024-09-22 | by ( Irene Nasser | Niamh Kennedy | ) edition.cnn.com time to read: +2 min

CNN —Israel’s military has raided and ordered the closure of Al Jazeera’s office in Ramallah, in the occupied West Bank, the network said. Al Jazeera broadcast live footage early on Sunday of Israeli soldiers entering its offices in Ramallah, capturing the reactions of bureau chief Walid Omary and staff members live on air. Video broadcast by Al Jazeera showed one soldier informing Omary of a military order to close Al Jazeera’s office for 45 days. Shortly after, as Israeli soldiers approached Omary, the live video feed was cut, and Omary could be heard saying that soldiers had taken the camera and broadcast equipment the team had been using. CNN has contacted Al Jazeera and the Israeli military for comment.

Persons: CNN —, Al, Al Jazeera, Walid Omary, Omary, Al Jazeera’s, Benjamin Netanyahu’s, ” Organizations: CNN, West Bank, Al, United Nations, Israeli, Foreign Press Association, Qatari Locations: Ramallah, Reading, Israel, Jerusalem, Gaza

☆ Israel raids and shuts down Al Jazeera’s bureau in Ramallah in the West Bank
▼ + stars: | 2024-09-22 | by ( ) www.cnbc.com time to read: +5 min

A picture shows a view of the Al Jazeera television network offices in Ramallah in the occupied West Bank on May 5, 2024. However, Al Jazeera has continued operating in the Israeli-occupied West Bank and in the Gaza Strip, territories that the Palestinians hope to have for their future state. Al Jazeera denounced the move as it continued broadcasting live from Amman in neighboring Jordan. The network later aired what appeared to be Israel troops tearing down a banner on a balcony used by the Al Jazeera office. "There is a court ruling for closing down Al Jazeera for 45 days," an Israeli soldier told Al Jazeera's local bureau chief, Walid al-Omari, in the live footage.

Persons: Al Jazeera, Al Jazeera's, Abu Akleh, Al, Walid al, Omari, Benjamin Netanyahu, — Organizations: Al, West Bank, Associated Press, West, Palestinian Journalists Syndicate, Palestinian, West Bank ., Hamas, Gaza Health Ministry, Hezbollah Locations: Al Jazeera, Ramallah, Jazeera, Israel, Qatar, Gaza, East Jerusalem, Al, Amman, Jordan, Palestinian, American, Israeli, Al Jazeera's, Oslo, West Bank, Al Jazeera's Ramallah, Lebanon

☆ Amazon's 5-day office push may be the beginning of the end for remote working
▼ + stars: | 2024-09-22 | by ( Nora Redmond | ) www.businessinsider.com time to read: +4 min

Read previewAmazon is waving goodbye to remote work. Workers were previously told to come in at least three days a week, but Amazon seems eager to end pandemic-era habits. AdvertisementThe memo outlined extenuating circumstances such as illness, a household emergency, and the need to finish coding in a more isolated environment as scenarios when remote work may be permitted. Jones, however, does not believe this new requirement will spell the end of remote work. AdvertisementIn the context of globalization, she said, Amazon employees will still be working remotely with each other because they're based in different locations.

Persons: —, Andy Jassy, Jassy, Gemma Dale, Liverpool John Moores, Dale, Amanda Jones, Jones, Khaddage, Diab, it's Organizations: Service, Workers, Business, King's College London, Amazon, AM Bank Locations: Washington, Arlington , Virginia, Liverpool, Khaddage Bou, Diab

☆ How rich Americans use life insurance to save on taxes and protect their kids' inheritance with this neat trick
▼ + stars: | 2024-09-22 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

But there is an alternative to a fire sale: They can use life insurance to foot the bill with a neat trick. Instead of owning a life insurance policy directly, they take out a policy and put it inside a trust. The irrevocable life insurance trust (ILIT) collects the death benefit, pays the tax bill, and distributes whatever is left according to the insured individual's wishes. For an ultra-rich taxpayer with a $10 million life insurance policy, using an ILIT could save $4 million in taxes. Make sure you're getting a life insurance policy that makes financial sense.

Persons: —, Sam, Robert Strauss, Weinstock Manion, Dan Griffith, Griffith, Strauss, it's, ILITs, Kate Maier Organizations: Service, Business, Huntington Bank, IRS

☆ Inside the island fortress of America's mega-billionaires
▼ + stars: | 2024-09-22 | by ( Guthrie Scrimgeour | ) www.businessinsider.com time to read: +21 min

An Israeli-designed radar system encircling the island can detect passersby, in low visibility, from half a mile away. Often described as "butlers with badges," the Indian Creek police force is unlike most of its counterparts. The Indian Creek radar can detect objects on the water and use artificial intelligence to classify them according to the risk they pose. With the new security system, the Indian Creek police appear to have turbocharged their enforcement of regulations in the surrounding waters. Properties in the neighborhood are also being bought up by opaquely named LLCs tied to Indian Creek residents.

Persons: —, I've, I'm, — they're, Norman Braman's, Tom Brady, Carl Icahn, Jeff Bezos, we've, Tiffany, William Henry Hoover, Frank Woolworth, Saratta, Gerardo Vildostegui, Vildostegui, it's, Irma Braman, Bernard Klepach —, Mike Bullman, Chandan Khanna, Justin Ross, who's, Ross, Gail Golden, Javier Holtz, Marko Gojanovic, Gojanovic, he's, Dina Goldentayer, Don Shula, opaquely, LLCs, Julio Iglesias, Surfside, Tim Will, Will, America's, Elon Musk, you'd, there's, Brian Daniel, Low, John Bernardo, Klepach, Guthrie Organizations: Public Space Research, City University of New, Indian, Jewish, Indian Creek Country, Security Solutions, Police, Getty, Biscayne, Indian Creek Police, Marquis Bank, Miami Dolphins, BI, CUNY Locations: Indian, Biscayne Bay, America, Miami, Qatar, Israeli, City University of New York, Florida, Surfside, Surfside's, York City, United Kingdom, Japan, Germany, India, stoke, Washington , DC

☆ American Companies' China Profits Are Declining; Increased War Chance
▼ + stars: | 2024-09-22 | by ( Linette Lopez | ) www.businessinsider.com time to read: +15 min

Without the promise of profits, American firms are also becoming less willing to go to bat for China — to reinforce the idea that China's market is crucial to the success of their futures. No demandAfter pandemic lockdowns ended in 2023, the Chinese economy experienced what is known on Wall Street as a "dead cat bounce." What money Chinese consumers are still able to spend is increasingly going to companies that grew up in their home country. Related storiesWhat money Chinese consumers are still able to spend is increasingly going to companies that grew up in their home country. It gives corporations, already under financial pressure as China's economy declines, even less reason to act as interlocutors encouraging stability between Washington and Beijing.

Persons: Washington —, Xi Jinping, Lee Miller, lockdowns, They're, Xi, Yi Gang, Michael Pettis, Tesla, Elon Musk, it's, Ball, Jamie Dimon, It's, China's, Goldman Sachs, Ray Dalio, seeping, Miller, Kamala Harris, Donald Trump, Harris, —, Trump, Biden, we're, Cordell Hull Organizations: Apple, Nike, Chinese Communist Party, People's Bank of, Carnegie Endowment, China Business Council, Starbucks, Street, Bridgewater Associates, Beijing, East Asia State Department, CCP, Trump, State Department, Republicans, Financial, Broadcom, Nvidia, Biden Administration Locations: China, America, Beijing, Washington, American, South China, Taiwan, People's Bank of China, Shanghai

The largest single-contributor donations went to MAGA Inc., the super PAC backing Trump, with Wisconsin roofing billionaire Diane Hendricks, a prolific GOP megadonor, giving $10 million to the group. On the Democratic side, tech entrepreneurs were the biggest donors to FF PAC, also known as Future Forward, a super PAC backing Harris’ presidential bid. Moskovitz donated $3 million to FF PAC, while Hastings, Jeff Lawson and Erica Lawson each gave $1 million. Super PACs like FF PAC and MAGA Inc. are havens for prolific political megadonors like Hendricks, Lutnick and Hastings because, unlike campaigns and their affiliated committees, super PACs don’t have limits on how much individuals can donate. Yass and Uihlein are both major GOP megadonors who have given to Club for Growth and other conservative groups for multiple election cycles.

Persons: Kamala Harris, Donald Trump, Diane Hendricks, Howard Lutnick, Cantor Fitzgerald, Paul Singer, Annette Caldwell Simmons, Harold Simmons, Warren Stephens, Harris, Leon Neal, Dustin Moskovitz, Reed Hastings, Twilio, Jeff Lawson, Erica, Moskovitz, Erica Lawson, Hastings, Joe Biden, Hendricks, Jeff Yass, Richard Uihlein, Amos Hostetter Jr Organizations: Democrats, Republicans, Federal, MAGA Inc, PAC, Trump, GOP, Elliott Management, Stephens Inc, Democratic, FF PAC, Facebook, Netflix, Growth, Susquehanna International Group, for Growth, House, Congress, Continental Cablevision Locations: Wisconsin, Hastings, Lutnick, Yass, Uihlein

☆ A top-1% fund manager warns Warren Buffett is behaving like he did before the dot-com crash — and says the S&P 500 could see dismal returns for a decade
▼ + stars: | 2024-09-21 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

He's also outperformed the S&P 500 over that time by returning 14% per year on average versus the index's 13.8% annualized gains. Between July and September 1999, Buffett shared his outlook for the market in a series of talks that were summarized by Fortune's Carol Loomis in November of that year. AdvertisementSince then, however, investors have enjoyed 15 years of ultra-low interest rates and growing corporate profits — a fact that has Smead worried. "The only problem is it's a curse on long-term S&P 500 performance," Smead said of the 15-year run. Related storiesBaked into Smead's outlook is an against-consensus view that inflation is set to surge again as the Fed cuts interest rates.

Persons: —, Bill Smead, Warren Buffett, Charlie Munger, Smead, Munger, He's, Buffett, Fortune's Carol Loomis Organizations: Service, Business, Morningstar, Apple, Bank of America

☆ Rate cuts might make it cheaper to buy a house, but they won't fix the US housing market's biggest problem
▼ + stars: | 2024-09-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

The Fed's interest rate cut will ease financing conditions for homebuilders, analysts told BI. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe Federal Reserve's rate cut will surely impact the housing market, but its effect likely won't affect arguably the most important part of the equation: keeping affordability tight. But how this translates into a much-needed supply boost is a different story, and there are factors the Fed cut won't fix. Lingering uncertaintiesAdvertisementFor instance, Nanayakkara-Skillington noted that material pricing, from drywall to steel mill products, has weighed heavily on homebuilders since the pandemic.

Persons: —, it'll, NAHB's, Skillington, NAHB, Michael Neal, Fitch, Neal Organizations: Service, National Association of Home Builders, Urban Institute senior, Fitch

The Fed cut interest rates in its September meeting, which is the first cut in years. Experts say not to rush to action with your cash savings — but start doing some research. But, the Fed finally cut interest rates by 50 basis points at its meeting on September 18 — the first rate cut since March 2020. This is true now, but it will be just as true if the Fed continues to drop the federal funds rate in the future. However, interest rate increases could lead to having to sell the note on the secondary market at a loss.

Persons: Robert Farrington, Paul Miller, Andrew Crowell, D.A, Davidson, Joseph DiSanto, DiSanto, doesn't, Holly Johnson Freelance, Holly Johnson, Johnson Organizations: Federal Reserve, Fed, The, Investor, Miller & Company, Barclays, U.S . News, Club Locations: U.S

☆ What Warren Buffett's recent moves say – and don’t say – about today’s market
▼ + stars: | 2024-09-21 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

And so it is with Warren Buffett's Berkshire Hathaway slashing its holdings in Apple and Bank of America in recent months. Buffett himself has indicated in recent years that he doesn't see an abundance of compelling value on offer in the public markets. But this in itself isn't much of a clue about future market prospects or the macroeconomic moment. Borgato says he believes "Buffett wants to leave a Berkshire behind that requires [fewer] future cash allocation decisions, not more." I'm not a buyer of the "cash on the sidelines" case for expecting money market assets to drain into stocks.

Persons: –, Warren Buffett's Berkshire Hathaway, Buffett, Ed Borgato, it's, pare Berkshire's, Greg Abel, Berkshire Hathaway, BRK.B QUAL, Ajit Jain, Trump, Borgato, Jared Woodard Organizations: Apple, Bank of America, Bank of, Buffett, Berkshire, Berkshire Hathaway, Washington Locations: Berkshire's, Berkshire, Apple, –

☆ How Elon Musk and X got into a messy situation in one of its biggest markets
▼ + stars: | 2024-09-21 | by ( Ana Altchek | Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewElon Musk hasn't shied away from fights since he bought Twitter and renamed it X in 2022. However, the disagreement over moderation on X has blown up, leading to threats of arresting X employees and restrictions on other companies owned by Musk. X was then banned from Brazil on August 31 after failing to follow orders to name a legal representative for X. AdvertisementBrazil's Supreme Court fines X for resurfacing amid banBrazil fined X after some of its users were able to access the site on Wednesday, September 18, despite the ban issued in August, according to the BBC.

Persons: —, Elon, it's, Alexandre de Moraes, De Moraes, Jair, Musk, de Moraes, X, ines, ince, ake l, ove Organizations: Service, Twitter, Brazilian Supreme, Business, Musk Locations: Australia, Nigeria, Turkey, India, Brazil, Here's, lon, usk

☆ How this 'Bachelor' star turned reality TV fame into a small influencer fortune
▼ + stars: | 2024-09-21 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

Mari Pepin and Kenny Braasch got engaged on season 7 of "Bachelor in Paradise" and married in 2023. Pepin was a participant on "The Bachelor" season 25, which aired in 2021, and then returned for "Bachelor in Paradise" season 7 later that year. After "Bachelor in Paradise" aired and her following jumped, influencer opportunities followed. Mariela Pepin, who goes by Mari, was a contestant on "The Bachelor" season 25 and then "Bachelor in Paradise" season 7. Still, 57% of Gen Zers said they would like to become an influencer if given the chance, according to a 2023 report from Morning Consult.

Persons: Mari Pepin, Kenny Braasch, Pepin, Kenny Braasch's, Braasch, Mariela Pepin, Mari, influencers, Casey Lewis, Gen Zers, Lewis, Bankrate Organizations: Finance, Pepin, CNBC, Brands Locations: Chicago, U.S

☆ Japan top currency diplomat says watching for any build-up of yen carry trades: report
▼ + stars: | 2024-09-21 | by ( ) www.cnbc.com time to read: +1 min

Sheets of newly-designed Japanese 10,000 yen banknotes move through a machine at the National Printing Bureau Tokyo plant in Tokyo, Japan, on Wednesday, June 19, 2024. Persistent weakness in the yen is raising concerns about the potential for a resurgence in cost-push inflation, likely weighing on private consumption. Japan's top currency diplomat Atsushi Mimura said authorities are "always watching markets" as a renewed build-up of yen carry trades could heighten market volatility, public broadcaster NHK quoted him as saying in an interview that ran on Friday. Mimura said yen carry trades built up in the past are likely to have been mostly unwound, according to NHK. We are always watching markets to ensure that does not happen," Mimura was quoted as saying.

Persons: Atsushi Mimura, Mimura, Masato Kanda, Yen Organizations: National Printing Bureau, NHK, Bank of Japan Locations: National Printing Bureau Tokyo, Tokyo, Japan

☆ These 9 'Back to the USA' stocks will get the biggest boost from an American manufacturing boom: Bank of America
▼ + stars: | 2024-09-21 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. He believes that the rise of the US trade deficit over the past year will likely make it a key issue for both political parties. AdvertisementAlthough the Trump administration has traditionally been linked to trade wars and more protectionist measures, Biden's administration maintained the Chinese tariffs. It will create more manufacturing jobs and boost demand for domestic companies with in the logistics and supply chain process. A September 19 research note from Bank of America suggests that this shift is set to benefit domestic small- and mid-cap stocks most.

Persons: —, Trump, Manish Kabra, Kabra, Jill Carey Hall Organizations: Service, Business, US, of, Tax, Bank of America Locations: China, Red

☆ These stocks should benefit the most as the Fed keeps lowering rates, analysts say
▼ + stars: | 2024-09-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

These companies are expected to benefit from lower interest rates over the long haul, according to analysts. They include Western Alliance , Best Buy, Coca-Cola, Zillow , UPS and FedEx. The analyst said he sees Best Buy as a key beneficiary of lower interest rates in several ways. He noted that Best Buy continues to be a worthy competitor to e-commerce juggernaut Amazon, pointing to a recent pricing study the firm conducted. Meanwhile, Best Buy shares remain undervalued compared to those of its peers in the sector, Chukumba added.

Persons: Zillow, Jay McCanless, McCanless, Wells, Chris Carey, Carey, Coke bottlers, Morgan Stanley, Anthony Chukumba, Chukumba, FedEx — Goldman Sachs, — D.A, Davidson Organizations: Federal, CNBC, Western Alliance, UPS, FedEx, Software, —

☆ Starbucks' system to make ordering better isn't the solution the company hoped for, an employee says
▼ + stars: | 2024-09-21 | by ( Alex Bitter | ) www.businessinsider.com time to read: +7 min

But one employee — or "partner," as Starbucks calls them — at a store that adopted the Siren Craft System earlier this year told Business Insider that the system isn't as effective as Starbucks has portrayed. The Siren Craft System is supposed to free up time that partners can devote to customer service and improving their coffee-making skills, Starbucks said in July. "Unless it's insanely slow, there's no time at any time of day to practice latte art or make samples for customers," the employee who has used the Siren Craft System said. The Siren Craft System is just Starbucks' latest effort to shorten wait times and improve operations at its stores. But now, the Siren System reserves one blender for frappuccinos and the other for Refreshers.

Persons: —, baristas, Laxman Narasimhan, Brian Niccol, Niccol, we've, Thomas Organizations: Service, Starbucks, Business, BI, Siren, System, Siren System Locations: Plano , Texas

☆ From frustration to excitement: The long, winding road of Alphabet's self-driving Waymo unit
▼ + stars: | 2024-09-21 | by ( Paulina Likos | ) www.cnbc.com time to read: +12 min

A long road It's been a long and winding road for Waymo since its inception in 2009 as Google's self-driving car project. The robotaxi service now has about 700 autonomous vehicles on the road across its markets. That changed about a year ago , when Uber added Waymo vehicles to its app. In February, Waymo recalled 444 of its vehicles after two Waymo vehicles hit a towed pickup truck in Phoenix. A Waymo autonomous self-driving Jaguar electric vehicle sits parked at an EVgo charging station in Los Angeles, California, on May 15, 2024.

Persons: Uber, Waymo, Tesla, it's, Jim Cramer, Jim, Morgan Stanley, Cowen, Cowen's — Bernstein, Brad Erickson, Andreessen Horowitz, Alphabet's, Ruth Porat, Erickson, Dara Khosrowshahi, Cruise, Uber's Khosrowshahi, Ethan Teicher, Tesla's, Jim Cramer's, Patrick T, Fallon Organizations: Waymo, Austin, RBC Capital Markets, CNBC, Bank of America, Aurora Innovation, General Motors, AFP, Getty Locations: West Coast, Atlanta, Austin , Texas, Phoenix, San Francisco, Los Angeles, U.S, Waymo, Austin, San Francisco , Los Angeles, Los Angeles , California

☆ Boeing machinists on picket lines prepare for lengthy strike: 'I can last as long as it takes'
▼ + stars: | 2024-09-21 | by ( Leslie Josephs | ) www.cnbc.com time to read: +7 min

Matt Mills Mcknight | ReutersRENTON, Wash. — Cash-strapped Boeing is facing mounting costs from an ongoing machinist strike as workers push for higher pay. The financial cost of the strike on Boeing depends on how long it lasts, though ratings agencies have warned that the company could face a downgrade if it drags on too long. Boeing 737 Max planes sit at the airport in Renton, Washington. Boeing Machinists union members count votes to accept or reject a proposed contract between Boeing and union leaders and whether or not to strike if the contract is rejected, at the Aerospace Machinists Union Hall in Seattle, Washington, on September 12, 2024. Boeing's most recent offer included 25% general wage increases over a four-year deal and was endorsed by the machinists union, the International Association of Machinists and Aerospace Workers District 751.

Persons: Matt Mills Mcknight, Cash, Boeing machinists, Boeing hasn't, Kelly Ortberg, Leslie Josephs, Louis, Jake Meyer, Meyer, Ron Epstein, Jason Redmond, today's, Ortberg, Biden, Pete Buttigieg, CNBC's Organizations: Boeing, Reuters, CNBC, Max, state's, Financial Management, Federal Reserve Bank of St, Bank of America, Aerospace Machinists, Hall, AFP, Getty, International Association of Machinists, Aerospace Workers, Workers Locations: Renton , Washington , U.S, Reuters RENTON, Wash, Seattle, Pacific Northwest, Renton , Washington, Renton, machinists, Washington, South Carolina, Seattle , Washington, Pacific, Oregon

☆ Shohei Ohtani’s 50-50 is just the latest chapter in an extraordinary season for the Los Angeles Dodgers star
▼ + stars: | 2024-09-21 | by ( George Ramsay | ) edition.cnn.com time to read: +7 min

CNN —It was perhaps fitting that Shohei Ohtani should achieve one of baseball’s most remarkable feats with an out-of-this-world performance. But despite being kept away from the mound, Ohtani has had a phenomenal debut season with the Dodgers. Ohtani smacks his 50th home run of the season, and with it, earns the first 50/50 in MLB history. Megan Briggs/Getty ImagesEven without pitching this season, Ohtani is still the odds-on favorite to win the NL MVP award, potentially the first to do so having played solely as a designated hitter (DH). A betrayal off the fieldAll the while, Ohtani’s record-breaking season on the diamond has come against the backdrop of off-field challenges.

Persons: Ohtani –, ”, “, –, Aaron Judge, Ohtani, Megan Briggs, Shawn Green, Ronald Acuña Jr, Alex Rodriguez, Raul Mondesi, Matt Kemp, Dave Roberts, Yoshimasa Hayashi, ” Hayashi, Ippei Mizuhara, Mizuhara, Damian Dovarganes, Mizuhara – Organizations: CNN, Los Angeles Dodgers, Miami Marlins, Major League Baseball’s, League MVP, Marlins, Dodgers, Los Angeles Angels, New York Yankees, National League West, NL West, Atlanta Braves, Seattle Mariners, MLB, ” Dodgers, City of Angels, US Department of Justice, Dodger Locations: Asia, South Korea, Santa Ana , California

☆ Some smaller stocks could see big gains as the Fed cuts rates. Here are a few
▼ + stars: | 2024-09-21 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Stocks with smaller market capitalizations are set to reap the benefits from the start of the Federal Reserve's latest rate-cutting campaign. Sarepta's total debt is more than one-and-a-half times bigger than its total equity. Civitas' total debt recently stood at about 79% of total equity. Chart's total debt currently eclipses its total equity by 1.4 times. "GTLS's core portfolio is comprised of natural gas, energy transition and renewables applications, where our outlook remains constructive," wrote analyst Devin McDermott.

Persons: Russell, Gavin Clark, Gartner, Clark, Zach Parham, Parham, Morgan Stanley, Devin McDermott Organizations: Dow Jones Industrial, Nasdaq, CNBC, Sarepta Therapeutics, ISI, Civitas Resources, Wednesday, JPMorgan, Civitas, Industries Locations: U.S, Cambridge, Sarepta, Friday's

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