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☆ Health dangers of flooding: Disease, injuries and mental health concerns
▼ + stars: | 2024-09-27 | by ( Jen Christensen | ) edition.cnn.com time to read: +8 min

Mental health concernsStill, other than rushing water, the biggest health concern from a flood may be mental, studies show. Storms can exacerbate existing mental health problems or lead to new ones. The federal government offers a Disaster Distress Helpline to help those struggling with mental health problems resulting from a storm. That toll-free number, staffed by mental health professionals, is 1-800-985-5990. The 988 Suicide and Crisis Lifeline provides free emotional support to people in mental health crises and connects them to local resources.

Persons: Wilma Subra, floodwater, don’t, Katrina, Dr, Sanjay Gupta Organizations: CNN, World Health Organization, US Centers for Disease Control, Prevention, CDC, WHO, Environmental Protection Agency, US Food and Drug Administration, Hurricanes, CNN Health, Lifeline Locations: floodwater, United States, Sudan, Florida, Georgia, West, West Nile

Despite Aurora becoming a regular talking point at his rallies, a Trump campaign spokesperson declined to specify when or if the former president would visit the city. But Aurora has some important differences: It has a much larger population and has long been diverse. There has been crime, but it’s not clear how much of it is gang-related or directly attributed to increased migration. “They’re going in with guns that are beyond even military scope and they’re taking over apartment buildings,” Trump said Wednesday in North Carolina. Resources in Denver have been stretched thin — and migrants have sought housing in neighboring Aurora, where rent is cheaper.

Persons: Donald Trump, Mike Coffman, who’s, Trump, Coffman, “, “ They’re, ” Trump, Cindy Romero didn’t, ” Romero, ” She’d, ”, Romero, Greg Abbott, Emily Goodman, ” Coffman, Goodman, ” Goodman, Tren, it’s, Todd Chamberlain, ” Chamberlain, Kamala Harris, he’d, “ I’m, “ I’ve, They’re, ” Carlos Ordosgoitti, ” Ordosgoitti Organizations: AURORA, Republican, GOP, Aurora, Trump, Dallas, Texas Gov, Resources, East, East Colfax Community, NBC, they’ve, Fox News Locations: Colo, Colorado’s, Springfield , Ohio, ”, Charleroi, Pa, Aurora, North Carolina, Denver, East Colfax, Venezuelan, He’s, Venezuela

☆ Haitian group in Springfield files criminal charges against Trump and Vance after false pet claims
▼ + stars: | 2024-09-25 | by ( Zoë Richards | Zoë Richards Is A Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

The leader of a Haitian nonprofit community group filed criminal charges Tuesday against former President Donald Trump, the Republican presidential nominee, and his running mate Sen. JD Vance of Ohio, over false claims they made about Haitian immigrants’ eating local pets in Springfield, Ohio. "Over the last two weeks, both Trump and Vance led an effort to vilify and threaten the Haitian community in Springfield, Ohio," Jozef wrote. "Together, they spread and amplified the debunked claim that Haitians immigrants in Springfield are eating cats, dogs, and wildlife." City officials have repeatedly said the claim that Haitian immigrants have arrived in Springfield illegally is not true. He has continued to spread false claims about pets in Springfield on his social media website and at rallies.

Persons: Donald Trump, Sen, JD Vance, Guerline Jozef, Vance, Jozef, Subodh Chandra, Trump, would’ve, Chandra, ” Trump, Steven Cheung, Kamala Harris, Springfield, Rob Rue, Mike DeWine Organizations: Republican, Haitian Bridge Alliance, Trump, Clark County Municipal Court, Vance, The New York Times, Ohio Gov Locations: Haitian, Ohio, Springfield , Ohio, Springfield, Clark County

☆ TMRS discusses its global and thematic approach to private equity
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTMRS discusses its global and thematic approach to private equity investmentsYup Kim of the Texas Municipal Retirement System discusses the decision to increase the fund's allocation into private equity and says he still believes it will do well despite the strong performance of public markets under a high interest rate environment.

Persons: Kim Locations: Texas

☆ Wisconsin mayor carts away absentee ballot drop box, says he did nothing wrong
▼ + stars: | 2024-09-25 | by ( Associated Press | ) edition.cnn.com time to read: +5 min

Madison, Wisconsin CNN —The mayor of a central Wisconsin city who ran for office on his opposition to absentee ballot drop boxes said Wednesday he did nothing wrong when he put on work gloves, donned a hard hat and used a dolly to cart away a drop box outside City Hall. Drop boxes were widely used in 2020, fueled by a dramatic increase in absentee voting due to the COVID-19 pandemic. Wausau, with about 40,000 people, was among the cities that did not use an absentee drop box in the August state primary. The Wausau drop box was under video surveillance but had not yet been bolted down. Wausau resident Pamela Bannister, speaking at a city council meeting Tuesday night, called for Diny to apologize and return the drop box.

Persons: Doug Diny, ” Diny, “ I’m, Donald Trump, Trump, Diny, Kaitlyn Bernarde, ” Bernarde, wouldn’t, he’s, “, ”, Anne Jacobson, Pamela Bannister, ” Bannister Organizations: Wisconsin CNN, Wausau, City, Republican Party, Republican, Stanford, MIT, Republicans, The, The Wisconsin Supreme, Wisconsin Elections, City Hall, U.S, Election Locations: Madison, Wisconsin, Hall, Milwaukee County, Waukesha County, Dodge County, Milwaukee, The Wisconsin, Wausau, Marathon County, ” The Wisconsin, City

☆ GOP congressman gave jobs to his lover and to his fiancée’s daughter, New York Times says
▼ + stars: | 2024-09-24 | by ( Gregory Krieg | ) edition.cnn.com time to read: +4 min

CNN —New York Rep. Anthony D’Esposito, one of the GOP’s most endangered House incumbents, reportedly gave both his lover and his fiancée’s daughter part-time jobs in his district office on Long Island, a potential violation of House ethics rules. D’Esposito is locked in a tight rematch with Democrat Laura Gillen, whom he defeated by fewer than 10,000 votes two years ago. D’Esposito maintained he will “absolutely” continue his race for reelection “and win.”Both his fiancée and lover, in brief conversations with the New York Times, confirmed the reporting. GOP Rep. Marc Molinaro said he has spoken to D’Esposito but declined to comment further. When CNN asked D’Esposito’s fellow Long Islander, GOP Rep. Nick LaLota, about the report, he said he was on the phone.

Persons: Anthony D’Esposito, D’Esposito, Laura Gillen, “, ”, CNN’s Manu Raju, Gillen, George Santos, Santos, Mike Johnson, Johnson, …, he’s, ” Johnson, Tom Emmer, Marc Molinaro, ” Molinaro, D’Esposito’s, Nick LaLota, Donald Trump, CNN’s Haley Talbot, Annie Grayer, Sam Fossum, Manu Raju Organizations: CNN, New York Rep, The New York Times, New York’s, ”, New York Times, New York Police Department, Nassau County Republican, Congressional, Santos ’, GOP, Capitol, Yorkers, Nassau Coliseum, Long, Republicans, New, . New York Republicans Locations: Long, Shore, Capitol, Hempstead, Nassau County, Santos’s district, New York City, .

☆ The Social Security curveballs making retirement even more confusing
▼ + stars: | 2024-09-24 | by ( Noah Sheidlower | Juliana Kaplan | ) www.businessinsider.com time to read: +10 min

The measures reduce Social Security benefits accrued during private-sector work to compensate for the state or local government pension benefits. The Social Security Administration reported the average monthly check as of July 2024 is about $1,783. Meanwhile, nearly half of WEP-affected Social Security beneficiaries had pensions above $3,000 a month in 2023. In her 20s, McLeod worked various part-time and lower-paying clerical roles, all of which paid into Social Security. "They said you get a good enough retirement from the state, so you'll be OK not getting all your Social Security."

Persons: —, Patrice Earnest, Earnest, Jane Roth, Roth, She's, she'd, it's, Karen Smith, Janis Hernandez, Critics, they've, we're, Louisiana Sen, Bill Cassidy, Republican who's, Anne McLeod, McLeod Organizations: Service, Social, Business, —, Social Security, GPO, Security, Workers, Urban Institute, Social Security Administration, Center, National Task Force, Force, Republican, Budget Locations: New Haven, Louisiana, New Orleans

☆ Muni bonds could see a 'fast-paced rally' after having best summer in decades
▼ + stars: | 2024-09-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

It may be time to take another look at municipal bonds. These days, munis are cheap relative to corporate bonds, Bank of America said in a note Friday. "Muni weakness is not the driver here, but rather corporate richness," municipal research strategist Yingchen Li wrote. "We continue to advise investors to take positions while the muni market rally remains slow and ratios are somewhat cheap," he said. Municipal bonds have already had an "impressive" run in recent months, Haskell wrote in a note last week.

Persons: Yingchen Li, Li, Patrick Haskell, Haskell Organizations: Bank of America, BlackRock

☆ Park your cash in these 3 places to get higher yields than money-market funds as interest rates fall, according to Goldman Sachs
▼ + stars: | 2024-09-22 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

3 trades for falling interest ratesFor investors concerned about the yield on their cash, one solution might be ultrashort bond funds. In the last 12 months, ultrashort bond funds have materially outperformed taxable money market funds, returning an average of 6.36% compared to 5.09% for money markets, according to Morningstar. McCarthy recommends investing in a mix of ultrashort securities such as investment-grade corporates, asset-backed securities, and government securities for diversification purposes. AdvertisementThe Nuveen Ultrashort Income ETF (NUSB) and the Goldman Sachs Access Ultrashort Bond ETF (GSST) are examples of ultrashort bond funds. Investors can gain exposure to premium income funds through the SPDR SSGA US Equity Premium Income ETF (SPIN) and JPMorgan Equity Premium Income ETF(JEPI).

Persons: —, Scott Diamond, Brendan McCarthy, Goldman Sachs, Morningstar, McCarthy, Diamond Organizations: Service, Federal Reserve, Equity, Business, Goldman Sachs Asset Management, Bond, Bond ETF, JPMorgan Ultrashort, Investors, JPMorgan Equity Locations: Treasurys

Victims' families and a survivor of a Maryland bridge collapse that killed six people filed claims Friday for wrongful death and punitive damages against the owner and the operator of the massive cargo ship that crashed into the bridge earlier this year. The 100,000-plus-ton ship Dali slammed into the Francis Scott Key Bridge in the early hours of March 26 as a work crew was fixing potholes. Six construction workers died when the bridge went crumbling down into the Patapsco River. The nearly two dozen crew members on the ship survived, along with two pilots who were helping the vessel navigate the harbor. Days after the bridge collapse, the ship’s Singapore-based owner and manager petitioned a Maryland court to limit their monetary liability to $43.67 million, the value of the ship and its cargo, based on a pre-Civil War provision of maritime law.

Persons: Dali, Francis Scott Key, Dorlian Ronial Castillo Cabrera, Carlos Daniel Hernandez Estrella, Alejandro Hernandez Fuentes, Jose Mynor Lopez, Miguel Angel Luna, Maynor Yasir Suazo Sandoval, Julio Cervantes Suarez, “, ”, ” Darrell Wilson, ” Wilson, General Merrick Garland, ” Cervantes Suarez, ” Suarez Organizations: Maryland Transportation Authority, Baltimore Port, District of Maryland Northern Division, NBC, Grace Ocean Private Ltd, Synergy Marine, Ltd, City, Justice Department, Justice, NBC News Locations: Maryland, Patapsco, Baltimore, U.S, Singapore, of Baltimore, City of Baltimore, ”

☆ ‘The Boyfriend,’ Japan’s first same-sex reality show, hopes to normalize LGBTQ romance in the country
▼ + stars: | 2024-09-20 | by ( ) www.nbcnews.com time to read: +6 min

The untroubled July arrival of the country’s first same-sex dating reality show, “The Boyfriend,” on streamer Netflix, may be another sign that normalization of queerness in Japan is on the way. “It’s no different from the familiar reality shows we’ve seen before. The only thing that felt odd or questionable was that, while there have been plenty of heterosexual reality shows, there have been so few featuring same-sex couples, and none in Japan,” casting director Taiki told Variety. The commentators included central host Megumi, an entertainer; drag queen Durian Lollobrigida; Tokui Yoshimi, a veteran of previous reality shows including “Terrace House”; Horan Chiaki; and style diva Thelma Aoyama. “As this was Japan’s first romance reality show featuring male same-sex relationships, it was crucial to have someone from that community in the studio,” Lollobrigida told Variety.

Persons: “, we’ve, ”, Taiki, Dai, Shun, Taehon, inoffensively, Roche, Kimura Hana, Hishida Keisuke, Ota Dai, Durian Lollobrigida, Tokui, Horan Chiaki, Thelma Aoyama, ” Lollobrigida, …, Kitano Takeshi, they’re, ’ Organizations: Netflix, New York Times, Fuji Television, Kyodo Television, Netflix Japan, “, Tokyo Locations: Japan, East Asia, Shinjuku Ni, “ Terrace

☆ Why new tax rates will become a key issue for munis
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy new tax rates will become a key issue for munisCraig Brandon, co-head of municipals at Morgan Stanley Investment Management, joins CNBC's 'The Exchange' to discuss how rate cuts will affect municipal bonds, how the election and tax rates could impact municipals, and more.

Persons: munis Craig Brandon Organizations: Morgan Stanley Investment Management

☆ With rates falling, don’t make this ‘big mistake’ with your cash
▼ + stars: | 2024-09-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

"The Fed rate cuts are likely to support inflows to money market funds over the course of the next year," Antoniewicz said. While retail investors may slow their pace of investment, institutional flows tend to ramp up since yields on money market funds lag the funds rate, she noted. That cash can stay in a money market fund, a high yield saving account or certificates of deposit. The bucket for three to five years has about 70% in fixed income, with a small amount of high yield bonds added that have durations under five years. He'll dip more into high yield, as well as private credit, in the six to 10-year fixed income category.

Persons: haven't, Shelly Antoniewicz, Antoniewicz, Chuck Failla, you'll, Bond, Failla, Marcus, Kathy Jones, It's, Jones Organizations: Federal Reserve, Investment Company Institute, Sovereign Financial Group, Schwab Center, Financial Research, Treasury, nab Locations: Wells

☆ Buffalo Bills fans can buy bonds to finance the team's new stadium
▼ + stars: | 2024-09-20 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +2 min

Josh Allen, #17 of the Buffalo Bills, warms up prior to an NFL game against the Miami Dolphins at Hard Rock Stadium in Miami Gardens, Florida, on Sept. 12, 2024. It won't be an ordinary "Monday Night Football" gameday for Buffalo Bills fans next week. Erie County, where Buffalo sits, is selling the bonds to help fund half the $250 million it agreed to put up for the new stadium. The new stadium will be owned by the Erie County Stadium Corporation and the Bills will pay rent. The Buffalo Bills are 2-0 this season and take on the winless Jaguars on Monday night.

Persons: Josh Allen, Kevin Hardwick, Hardwick Organizations: Buffalo Bills, NFL, Miami Dolphins, Jacksonville Jaguars, Bills, Retail, Investments, CNBC's Official NFL, National Football League, Kansas City Chiefs, Erie, Stadium Corporation Locations: Miami Gardens , Florida, Orchard Park, Buffalo, Erie County, New York, Erie

☆ Vermont caps emergency motel housing for homeless, forcing many to leave this month
▼ + stars: | 2024-09-19 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +5 min

BERLIN, Vt. — This fall, hundreds of the most vulnerable people experiencing homelessness in Vermont must leave state-funded motel rooms where they’ve been living as the state winds down its pandemic-era motel voucher program. The move is prompting outcry from municipal leaders and advocates who say many don’t have a place to go. The biggest exodus — about 230 households — is expected on Thursday when they reach a new 80-day limit stay in the motel rooms that the Legislature imposed starting in July. A new 1,110-room cap on the number of motel rooms the state can use to house those people in the warmer months from April through November also kicked in Sunday. The households will be eligible for motel housing again on Dec. 1 as winter sets in.

Persons: they’ve, Jen Armbrister, I’ve, ” Armbrister, She’s, Bruce Jewett, They’re, I’m, ”, Heidi Wright, Armbrister, Wright, nothing’s, “, William Fraser, Phil Scott, “ It’s, ” Scott, can’t Organizations: U.S . Department of Housing, Urban, Republican Gov Locations: BERLIN, Vt, Vermont, Montpelier, Barre, Berlin, ” Montpelier City, City, Chittenden County, Vermont’s, Burlington

☆ Your taxes are going up in 2026, according to Morgan Stanley. Here are 5 tax-advantaged trades to make.
▼ + stars: | 2024-09-19 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Read previewMorgan Stanley has some disappointing news for investors: your taxes are probably going up in the next few years. But one strategist at Morgan Stanley says it's not that simple. Despite these differences, Morgan Stanley expects tax rates to increase no matter who takes office. And a divided Congress, which Morgan Stanley predicts is very likely in November, will only further reduce the likelihood of dramatic change. Typically, the stock market is more influenced by the business cycle than tax policy or political party, according to Morgan Stanley.

Persons: —, Morgan Stanley, Trump, Kamala Harris, it's, Monica Guerra, Morgan Stanley Wealth Management's, Harris, Biden, There's, haven't, Guerra isn't, Guerra Organizations: Service, Business, Morgan Stanley Wealth, US, Trump, Republican, Democratic, Treasurys, New, Equity Locations: New York City

☆ Volatility looms as election season heats up. Fortify your portfolio against autumn market shocks
▼ + stars: | 2024-09-19 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

Recalibrate for risk Protecting your portfolio from sharp losses begins with understanding your comfort with risk and ensuring that your asset allocation reflects your long-term goals. "But over that period when markets were down, there were opportunities to harvest losses in stocks, individual names that experienced big pullbacks." And they've been a good buy for clients who are nearing retirement, seeking income and appreciate bonds' ability to offset stocks' volatility. Options for buffering losses Options are also playing a role in investors' portfolios as financial advisors try to mitigate volatility. Call options give investors the right to buy a stock at a specified strike price before a certain date.

Persons: Stocks, Goldman Sachs, Arun Prakash, Prakash's, Rafia Hasan, San, Hasan, they've, Andrew Herzog, We're, Herzog, he's, Gregory Guenther, Morningstar, " Guenther Organizations: Federal, Wealth Management, Fed, Treasury Bond ETF, SEC, GrantVest Financial Locations: San Francisco, Plano , Texas, Matawan , New Jersey

☆ How to position your muni bond portfolio ahead of the election and potential tax law changes
▼ + stars: | 2024-09-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

With the Federal Reserve rate-cutting cycle expected to begin and the November election just around the corner, now could be a good time to invest in municipal bonds. Interest earned on municipal bonds are free from federal tax. Close said he is already seeing financial advisors start to position their muni portfolios in anticipation of changes. Unlike the Treasury market, the muni market yield curve is upward sloping, Close said. In addition, there's room for lower-rated municipalities to outperform, such as A, BBB and high yield, Norton said.

Persons: Matthew Norton, Norton, Dan Close, Close, It's, Paul Malloy, Malloy, it's, Vanguard's Malloy, Nuveen's Organizations: Federal, Democratic, White House, Congress, municipals, Vanguard, BBB, AAA, AA, Treasury, Investment Company Institute, Fed Locations: Nuveen, California , New York, New Jersey, New York, California, AllianceBernstein

☆ Elon Musk boosts fake Trump rally bomb threat and false claims about the election
▼ + stars: | 2024-09-18 | by ( Liam Reilly | ) edition.cnn.com time to read: +4 min

New York CNN —Elon Musk is using his social media platform to promote misinformation about the presidential candidates in the lead up to the November election, amplifying false claims Wednesday about a Trump rally bomb threat and immigrants eating pets in Ohio. Then on Wednesday, Musk reshared a bogus claim that a bomb had been discovered near the site of a planned Trump rally in Long Island. Musk’s own post has been earmarked with a crowd-sourced “community notes” fact-check that makes clear the claim was false. X did not respond to a CNN request for comment Wednesday on Musk’s posts. Musk is far from the only figure spreading false information on the platform, though he is easily one of its biggest voices.

Persons: New York CNN — Elon, Donald Trump, Musk, Biden, Kamala, ”, Kamala Harris, Musk’s, Trump, JD Vance, Nate Silver, Silver, Harris Organizations: New, New York CNN, Trump, ABC, Long Island . Police, CNN, Twitter Locations: New York, Ohio, Long Island, Springfield , Ohio, Springfield, Nevada , Wisconsin , Michigan, Pennsylvania

☆ How to make the Fed rate cut work for you
▼ + stars: | 2024-09-18 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +11 min

In its August survey of car shoppers, a majority (64%) said a Fed rate cut likely would affect the timing of their purchase. But here’s the thing: Car loan rates are pretty high — the average is 7.1% for new cars and 11.3% for used cars, according to Edmunds. If you do buy a home this year and are considering buying down points to reduce your mortgage rate, crunch some numbers first, Diodato advised. That’s because you will pay thousands of dollars to buy down your mortgage rate now, and then thousands more in fees to refinance. What to do if you’re not near retirement: Reconsider how much money you’re keeping in cash or cash-equivalent investments.

Persons: Jerome Powell, Powell, “, ”, Greg McBride, McBride, Chris Diodato, Jessica Caldwell, ” McBride, Caldwell, We’re, Diodato, you’ll, won’t, Kathy Jones, Jones Organizations: CNN, Federal Reserve, Bankrate.com, Fed, Treasury, FDIC, Schwab Center, Financial Research, AAA, Bond Locations: Edmunds, Schwab.com

☆ The Haitian Times covered the false claims targeting Springfield. Now it’s also facing attacks
▼ + stars: | 2024-09-18 | by ( Hadas Gold | ) edition.cnn.com time to read: +6 min

The Haitian Times, an online publication, has covered Haiti and the Haitian diaspora around the world since it was founded in 1999. Springfield, Ohio, was already on the Haitian Times’ radar well before the conspiracy theories began. The Haitian Times covered the comments aggressively — describing them as racist and false. The day after the debate, The Haitian Times published an article reporting that Haitian immigrant families in Ohio were “under attack” amid the intense swirl of false claims. Springfield’s city manager told the publication that it could not guarantee the safety of its staff, Haitian Times founder Garry Pierre-Pierre told CNN.

Persons: New York CNN — Macollvie Neel, “, ” Neel, Neel, Donald Trump, JD Vance, Vance, Trump, ”, swatting, “ It’s, Garry Pierre, Pierre, “ I’m, ” Pierre Organizations: New, New York CNN, Haitian Times, CNN, Nazi, Facebook Locations: New York, Ohio, Haiti, Haitian, United States, South Florida, Massachusetts, Springfield , Ohio, Springfield, Springfield’s

☆ The Fed is preparing to cut interest rates. How to revamp your fixed income investments
▼ + stars: | 2024-09-17 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

The Federal Reserve is widely expected to start cutting interest rates Wednesday afternoon. Those yields are expected to start coming down sharply as the Fed begins to ease back on generationally high rates. Adding some duration Duration refers to a bond's price sensitivity to changes in interest rates. A bond yield moves inversely to its price, so that when bond prices rise, yields decline. Though investors in the space may be concerned about prepayment risk, especially as interest rates come down and homeowners look to refinance, Cetera says that worry may already be priced in.

Persons: Kathy Jones, Tony Miano, Jones, Schwab's Jones, Gene Goldman, Goldman, James Shagawat, Shagawat Organizations: Federal Reserve, Treasury, Schwab Center, Financial Research, Wells, Wells Fargo Investment Institute, York Life Investments, Investment Management, Investors Locations: Wells Fargo, AdvicePeriod, Paramus , New Jersey

☆ How to invest for the next decade with New York Life's Lauren Goodwin from Future Proof 2024
▼ + stars: | 2024-09-17 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Longer-term investors should ignore the daily racket surrounding interest rates and focus on generating income over the next 10 years, according to New York Life economist and chief market strategist Lauren Goodwin. Where to invest: Bonds and AI The strategist posits that over the next decade, interest rates are likely to remain elevated as neither party takes on deficit spending. "So depending on the investor, what they're looking for, there is a way to balance this medium term potential for interest rate risk while still locking in higher rates." Goodwin also sees investing around AI as a smart strategy long term, with large investments in the area continuing. "But because we see not only the government and companies, but also the consumer use case for AI, we expect that investment to continue.

Persons: Lauren Goodwin, Goodwin, Dominic Chu, that's Organizations: York, CNBC Pro Locations: Huntington Beach , California

The Miami Heat on Monday blasted "hateful speech" aimed at Haitian immigrants, who have been targeted by baseless claims they're stealing and eating pets in Ohio. "The false narrative surrounding them is hurtful and offensive and has sadly made innocent people targets of hateful speech and physical threats," the team said in a statement on Monday. Several schools and municipal buildings were closed in Springfield last week after threats were called in to the Ohio community. The threats unfolded in the wake of wild and completely baseless claims of Haitian immigrants stealing and eating pets. Those lies have gained strength in the past week, with Tump and Vance spreading the fringe, far-right tales.

Persons: Donald Trump, JD Vance, Florida's, Vance, ”, he's, that'll, Vanessa Cardenas, Sophia Pierrelus Organizations: Miami Heat, Dade, NBC, CNN, Union, America's Locations: Ohio, Springfield , Ohio, Florida's Miami, Dade County, Springfield, “ State, Port, Columbus

☆ Save on taxes and bolster your portfolio before year-end with these moves
▼ + stars: | 2024-09-16 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

It's September – and that means it's prime time to think about maximizing after-tax returns as the year winds down. Of course, there may be a price to pay for that performance: Uncle Sam will want his share of taxes. Here are a few steps that could help you hold onto more of your portfolio's returns this year. Munis spin out income that's free of federal taxes, and they may be exempt from state levies if the investor resides in the issuing state. By directly giving low basis highly appreciated stock (instead of selling the position and donating cash proceeds), you avoid incurring the capital gains tax.

Persons: it's, Sam, Nathan Hoyt, Joel Dickson, Vanguard's, Dickson, James Shagawat, Roth, Shagawat, Malcolm Ethridge, –, Ethridge Organizations: Nvidia, Regent Peak Wealth, Investors, Roth IRA, Treasurys, Wealth Locations: Atlanta, AdvicePeriod, Paramus , New Jersey, New York , New Jersey, California, Rockville , Maryland

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