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☆ You can't always refinance a mortgage to capitalize on lower rates: Here's when a lender may say 'no'
▼ + stars: | 2024-09-23 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

Otherwise, your lender might not approve your mortgage refinance, experts say. A change in your financial situation, like a layoff or lower income, or higher debt, could mean you don't qualify. "Your mortgage rate and whether or not you get approved for a loan or refinance ... depends on you," said Channel. You refinanced recently Technically, there are no hard limits on how many times you can refinance your mortgage, Channel said. It may be in your best interest to only consider a mortgage refinance every few years, if your financial situation has changed or if rates are falling "really dramatically," Channel explained.

Persons: Cohn, haven't, refinanced, you've

☆ US to return 297 antiquities to India
▼ + stars: | 2024-09-23 | by ( Chris Lau | ) edition.cnn.com time to read: +2 min

CNN —The US is returning 297 history-spanning antiquities stolen or smuggled from India, many dating back centuries. In July, the US and India signed an agreement to protect cultural property by preventing illegal trades and streamline the process to return stolen antiquities back to India. “Prime Minister (Modi) thanked President Biden for his support in the return of these artifacts,” the India’s Ministry of External Affairs said. India has faced an uphill battle in protecting its valuable cultural treasures from looters, though it has been making headway in recent years. In 2022, the US returned 307 stolen treasures to India as part of a 15-year investigation into international trafficking networks.

Persons: Joe Biden, Narendra Modi, “, Biden’s, Modi, Biden, Subhash Kapoor Organizations: CNN, Indian, “, India’s, External Affairs, US, Indian Ministry, State Department’s Bureau, Educational, Cultural Affairs Locations: India, Eastern India, Wilmington , Delaware, Japan, Australia, Central India, New York

☆ Attention Kmart shoppers: The last full-size Kmart in the mainland United States is closing
▼ + stars: | 2024-09-23 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Kmart, once one of America’s leading discount retailers, is closing its last full-size store in the mainland United States. It also has stores in Guam and the US Virgin Islands, where it does not face competition from more successful big box stores. At the time of the 2005 merger Kmart had about 1,400 stores and Sears nearly 900 full-line US stores. Today only a handful of Sears stores remain, although it has outlets thatoperate under the Sears Hometown brands. The chain grew rapidly for several decades, claiming the discount segment of the market that big box stores now dominate.

Persons: Transformco, Eddie Lampert, Lampert, Sebastian Spering Kresge Organizations: New, New York CNN, Kmart, Sears, Sears Holdings, Virgin Islands, Walmart, Target, Sears Hometown Locations: New York, United States, Bridgehampton , New York, Long, Miami, Guam, Virgin, Detroit

☆ There's only one new car for sale for less than $20,000
▼ + stars: | 2024-09-23 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +1 min

Nissan announced that the 2025 Versa subcompact sedan will start at $17,190. It will be the cheapest new car on sale in the US and the only one to start under $20,000. The 2025 Versa comes standard with a 122-horsepower four-cylinder engine and a manual transmission. AdvertisementThe cheapest new car for sale in America is about to get more expensive. That's $500 more than before but still cheap enough to claim the title of cheapest new car on the market.

Persons: —, Kia Forte Organizations: Nissan, Service, Mitsubishi, Business Locations: America

☆ When I quit my job, I made many mistakes and almost burned bridges. Here's what you should do instead.
▼ + stars: | 2024-09-23 | by ( Georgie Tzintzis | ) www.businessinsider.com time to read: +5 min

At the end of my work days, I often found myself sitting in my car, bursting into tears. All of this prompted me to quit my job in the worst way possible. My actions created discomfort at the officeLater that day, my boss sent an email to everyone detailing my resignation. Instead, I lied, which any boss would be able to see through, and that created distrust in those last four weeks. I didn't burn any bridges, but there was a sour taste left in both our mouths.

Persons: —, could've Organizations: Service, Business

☆ I love being a middle manager. Amazon's decision to cut middle managers saddens me — this role is misunderstood.
▼ + stars: | 2024-09-23 | by ( Elle Hardy | ) www.businessinsider.com time to read: +5 min

I landed my current role in PR middle management through a Facebook mentoring groupThe CEO, Tiffany Joy Murchison, led a session I joined and asked the class what we wanted to discuss. In middle management, there's an adjustment phase where you adapt to established procedures. AdvertisementI think many middle managers feel undervalued because it's not a lane many want to be in. Amazon's recent announcement that they're cutting down on middle managers saddens me. Middle managers are crucial in bridging communication between executives and staff, ensuring operations run smoothly.

Persons: —, Michelle Busch, I've, Tiffany Joy Murchison, We'll, we're, Lauryn Haas Organizations: Service, Business, TJM, Media, lhaas Locations: Washington ,, Brooklyn , New York, New York

☆ After CEO was arrested, Telegram says it will now turn some bad actors’ data over to law enforcement
▼ + stars: | 2024-09-23 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

The investigation sparked debate about free speech and criminal activity online, but the authorities’ concerns weren’t exactly a surprise. Now, Telegram is making some changes in an effort to reduce criminal activity on the platform, Durov said Monday in a post on the app. “If you still manage to find something unsafe or illegal on Telegram Search, please report it to us via @SearchReport,” Durov wrote. “Telegram Search is meant for finding friends and discovering news, not for promoting illegal goods,” Durov said. It’s unclear how the move to share some user data with law enforcement will impact the ongoing French investigation.

Persons: Pavel Durov, Durov, launderers, White supremacists, ” Durov, “ Organizations: New, New York CNN, Service Locations: New York, France, Israel, United Kingdom

☆ Iran is ready for nuclear talks at UN 'if other parties are willing,' foreign minister says
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: +2 min

Then Iranian Deputy Foreign Minister Abbas Araqchi speaks over the Iran nuclear deal during a press conference in Tehran, Ian on August 9, 2015Iran is ready to start nuclear negotiations on the sidelines of the U.N. General Assembly in New York if "other parties are willing," Foreign Minister Abbas Araqchi said on Monday in a video published on his Telegram channel. Indirect talks between Washington and Tehran to revive the deal have stalled. Iran is still formally part of the deal but has scaled back commitments to honour it due to U.S. sanctions reimposed on the Islamic Republic. We will focus our efforts on starting a new round of talks regarding the nuclear pact," Araqchi said. U.S. President Joe Biden's administration has said the United States is not ready to resume nuclear talks with Iran.

Persons: Abbas Araqchi, Ian, Donald Trump, Araqchi, Antony Blinken, Trump, Joe Biden's Organizations: General Assembly, U.S, Hamas Locations: Iran, Tehran, New York, U.S, Washington, Islamic Republic, Switzerland, Iranian, Israel, Ukraine, United States

☆ Voiceitt’s AI-powered tech could help people with speech impairments to work remotely
▼ + stars: | 2024-09-23 | by ( Nadia Leigh-Hewitson | ) edition.cnn.com time to read: +5 min

For people with non-standard speech, it can happen in nearly every interaction with this kind of technology — Israeli company Voiceitt aims to change that. By using personalized voice models, its AI-powered speech recognition system helps people with speech impairments, caused by conditions like cerebral palsy, Parkinson’s, Down Syndrome or stroke, communicate more effectively with both people and digital devices. For Voiceitt co-founder Sara Smolley, facilitating speech recognition for non-standard speech patterns is a personal mission. “By the time I was born, she had lost most of her motor capabilities, and her speech was impacted.”Voiceitt was launched as an app in 2021 and operated as a simple vocal translator, converting non-standard speech to audio. Voiceitt has developed integrations with WebEx and ChatGPT, along with a Google Chrome extension, which convert non-standard speech to captions shown on the screen.

Persons: CNN — You’ve, Sara Smolley, “, ”, Voiceitt, Smolley, ” Smolley, Colin Hughes, Hughes, ” Hughes, it’s anonymized Organizations: CNN, Microsoft, University of Illinois ’ Beckman Institute, Advanced Science, Technology, Apple, Union

☆ How Foot Locker is waging a comeback after its breakup with Nike
▼ + stars: | 2024-09-23 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +14 min

Foot Locker turns 50 while on a bit of an upswing two years into Dillon's tenure as CEO. Coi Leray performs at Foot Locker 50th anniversary event on September 16, 2024 in New York. "Whereas Foot Locker looks vulnerable because it just doesn't have all these other strings to its bows," said Saunders. Foot Locker store location on 34th street in New York City. The company is working to refresh two-thirds of its global Foot Locker and Kids Foot Locker doors by the end of 2025, and said 40% of its North American footprint is now off-mall.

Persons: Patrick T, Mary Dillon, Locker, Mike Vitelli, Isabella Picicci, we've, Dillon, Neil Saunders, Dick's, Saunders, they're, Frank Winfield Woolworth, Janine Stichter, Foot, Frank Bracken, Bracken, America sputtered, WSS, …, she's, That's, Stichter, they'd, Kim Waldmann, it's, Waldmann, that's, Foot Locker Organizations: Nike, Foot, Beverly Center, Fallon, Bloomberg, Getty, PR, Adidas, CNBC, Goods, JD, JD Sports, City of, Forbes, Jordan, she's Locations: Los Angeles, New York City, New York, City, City of Industry , California, U.S, America, North America, GlobalData, Foot

☆ Stock market today: Indexes extend gains as investors gear up for fresh economic data
▼ + stars: | 2024-09-23 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Investors await key economic data this week, including consumer confidence, revised GDP growth, and the PCE Index. Minneapolis Fed President Neel Kashkari defended the recent rate cut and sees more cuts ahead. AdvertisementUS stocks rose on Monday, with the S&P 500 and Dow Jones Industrial Average testing record highs as investors prepare for fresh economic data this week. Investors will get consumer confidence data on Tuesday, another revision to second-quarter GDP growth on Thursday, and fresh inflation data on Friday with the release of the personal consumption expenditures index. The chatter comes just a few days after the Fed cut interest rates by 50 basis points at the end of its policy meeting last Wednesday.

Persons: Dow Jones, Neel Kashkari, —, Kashkari Organizations: Dow, Minneapolis, Service, Dow Jones, Federal, Governors, CNBC, Fed, Here's

☆ A millennial who's lived in 4 countries in 5 years shares which places offer the cheapest childcare, food, and housing
▼ + stars: | 2024-09-23 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Since 2019, Oberman, his wife, and their two cats have lived in five cities across four countries. This story is available exclusively to Business Insider subscribers. "With a creative background, I bring some flexibility to our travels," the 38-year-old told Business Insider via email, adding, "I have options to work no matter where we land." Over the past year, Business Insider has interviewed several people who have moved away from their home countries. The couple found a full-time day care option that charges roughly $400 a month for children less than one year old, according to a document provided to Business Insider.

Persons: —, Chris Oberman, Oberman, he's, Netherlands Chris Oberman Organizations: Service, Business, South Locations: Netherlands, —, Beijing, Shanghai, Erbil, Iraq, Seoul, South Korea, China

☆ It will take more than just a drop in interest rates to save the housing market
▼ + stars: | 2024-09-23 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

But while lower mortgage rates may translate to more buying power for homebuyers, America’s housing market woes aren’t likely to be solved solely by rate cuts. But Enterprise Community Partners, the nonprofit where Donovan currently serves as CEO, estimates that the US needs 7 million new units in order to stabilize the housing market. “There are a lot of factors that have affected the housing supply and these are complicated issues to solve. “We’re not expecting mortgage rates to fall that much further, and we still think that the mortgage rate ‘lock-in’ effect will still be there,” Dougherty said. “Things will probably pick up as rates come down, but we’re not looking for a high-octane rebound,” Dougherty said of the housing market.

Persons: they’d, aren’t, ’, ”, Shaun Donovan, Kamala Harris, Donald Trump, ” Donovan, Harris, Trump, Donovan, Jerome Powell’s, Freddie Mac, Charles Dougherty, That’s, “ We’re, ” Dougherty, ” Powell, that’s, Dougherty, “ It’s, ” Ryan McLennan Organizations: CNN, Housing, Urban Development, National Association of Realtors, Partners, Federal, Fed, National Association of Home Builders, homebuilders, Consumer Financial Locations: America, Wells Fargo, Houston, homebuying

☆ Social media platforms are using what you create for artificial intelligence. Here’s how to opt out
▼ + stars: | 2024-09-23 | by ( Clare Duffy | ) edition.cnn.com time to read: +8 min

For companies running AI models, social media platforms offer valuable data. He added that he would opt out of allowing LinkedIn use his data for AI training. Different social platforms vary in terms of the options they give users to opt-out of contributing to AI systems. Here’s where some of the major social media platforms may be using your data to train and run AI models, and how (and if) you can opt out. LinkedInLinkedIn this week began giving users the choice to opt-out of having their data used to train it generative AI models.

Persons: New York CNN — OpenAI, —, ” David Ogiste, “, Elon Musk’s, Grok, ”, X, Snapchat, ’ selfies, Reddit Reddit, Reddit, won’t, private.Meta Organizations: New, New York CNN, LinkedIn, Nobody’s, CNN, Microsoft, ”, Media, Services, Google, Meta, Facebook Locations: New York, United Kingdom, Switzerland, Europe

☆ How to eat carbs without spiking your blood sugar, according to a nutrition researcher
▼ + stars: | 2024-09-23 | by ( ) www.businessinsider.com time to read: +6 min

Read previewYou don't have to cut out carbs to balance your blood sugar for better health and energy, according to a top nutrition researcher. Choose high-fiber carbs like whole grains and berriesThe type of carbs you chose can also influence your blood sugar response. A recent ZOE study found that people had a more moderate response in blood sugar when they ate a meal for breakfast, but a larger blood sugar response to the same meal when they ate it later in the day. Take a short walk after mealsAnother way to manage your blood sugar is to get moving, since exercise helps use up stored energy and makes you more sensitive to insulin, the hormone that regulates blood sugar. Advertisement"If you have poor night's sleep, you have a higher blood sugar response compared to if you have a good night's sleep.

Persons: —, It's, Sarah Berry, Berry, dietitians, dietitian Bonnie Taub, Dix Organizations: Service, King's College, Business Locations: London

☆ Using options to trade the AI-driven power generation buildout
▼ + stars: | 2024-09-23 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

Power generation has emerged as a crucial investment theme in the context of artificial intelligence (AI) energy demand due to the significant electricity requirements of AI technologies. Several factors make power generation a vital AI-adjacent investment theme: Data centers, the backbone of AI operations, are among the largest electricity consumers. Investing in power generation becomes vital to support this expanding infrastructure. Fluor offers a wide range of services in the nuclear power sector, including project management, engineering, procurement, construction, and maintenance. The company has experience developing new nuclear power plants and maintaining, refurbishing, and decommissioning existing ones.

Persons: Fluor's, FLR, I've Organizations: Bechtel, KBR, Fluor Corporation, Corporation, Fluor, NuScale, CNBC, NBC UNIVERSAL Locations: Irving , Texas, Fluor

☆ Morgan Stanley says Constellation could top $300 on nuclear restart, these stocks could also rise
▼ + stars: | 2024-09-23 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Constellation Energy stock is still rising after the power company's landmark announcement last week that it plans to restart the Three Mile Island nuclear plant in Pennsylvania. The operational risk to bring the plant back online in 2028 appears manageable, Morgan Stanley told clients in a note on Monday. Renewable energy and natural gas stocks could also indirectly benefit from nuclear deals, according to Morgan Stanley analyst Stephen Byrd. Renewable stocks such as AES Corp. , NextEra Energy and First Solar could get a tailwind for the same reason, according to Morgan Stanley. CEO John Ketchum said the company is looking at restarting the Duane Arnold nuclear plant in Iowa.

Persons: Morgan Stanley, David Arcaro, Arcaro, Stephen Byrd, Byrd, NextEra, John Ketchum, Duane Arnold, Wells, Neil Kalton, — CNBC's Michael Bloom Organizations: Constellation Energy, Constellation, Microsoft, Vistra Corp, Vistra, Public Service Enterprise Group, Tech, . Companies, GE Vernova, Siemens Energy, Mitsubishi Power, NRG Energy, AES Corp, NextEra Energy Locations: Pennsylvania, Iowa, Wells Fargo

☆ A software engineer at Salesforce shares the résumé hack that helped him land his first job out of his master's program
▼ + stars: | 2024-09-23 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

He had only been at Carnegie Mellon University for three months and knew the career fair was not meant for non-graduating students. "When the time came after nine months for my actual career fair, I focused on those companies a bit more." "That really helped because right out of the first career fair I attended properly, I had six or seven calls," he said. This is the résumé that Ghatage used to attend job fairs in 2016:Ghatage's résumé in 2016 during his master's program. Tweaking work experience: Writing about early work experience is tough because it often had limited impact, Ghatage said.

Persons: —, Ghatage, Ghatage's Organizations: Service, Carnegie Mellon University, Business, Google, Cisco, SAP Locations: Salesforce, company's

☆ Bitcoin jumps while Japan holiday dulls most currencies
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: +4 min

The Bank of Japan left interest rates unchanged last week and indicated it was not in a hurry to hike them again. That decision, coming just days after the Fed's 50 basis points rate cut, put a pause to the yen's sharp gains this month. With Japan closed for Autumnal Equinox Day, the main driver of trade was expectations around further Fed rate cuts and the gains those have spurred in equities, commodity currencies and other risk assets. The Fed's rate cut "appears to have calmed market fears of a U.S. recession", Goldman Sachs said in a note. Meanwhile, the majority of economists polled by Reuters anticipate two more 25 bps rate cuts at the Fed's final two meetings this year.

Persons: Bitcoin, Goldman Sachs, Christopher Waller, Fumio Kishida, Takaichi —, —, Shigeru Ishiba, Shinjiro Koizumi, Junichiro Koizumi, Takaichi, pare Organizations: Federal, Bank of Japan, Japan, U.S, U.S ., FedWatch, Treasury, Reuters, House Republicans, Liberal Democratic Party, Barclays, The Bank of Locations: United States, Japan, U.S, The Bank of England

☆ Enterovirus D68: What to know about the virus that could lead to paralysis in kids
▼ + stars: | 2024-09-23 | by ( Faye Chiu | ) edition.cnn.com time to read: +6 min

CNN —Rates of enterovirus D68 infections are on the rise across the United States, according to the nonprofit WastewaterSCAN network. This common virus can lead to a rare but serious polio-like complication known as acute flaccid myelitis. Dr. Leana Wen: Enterovirus D68 is part of a group of more than 100 non-polio enteroviruses. CNN: What can you tell us about acute flaccid myelitis, the rare but dangerous complication that can result from enterovirus D68 infection? CNN: How likely is it that enterovirus D68 infection will result in acute flaccid myelitis?

Persons: Leana Wen, Wen, myelitis Organizations: CNN, George Washington University, US Centers for Disease Control, CDC Locations: United States

☆ Harris campaign weighs trip to the US southern border amid polling concerns
▼ + stars: | 2024-09-23 | by ( Priscilla Alvarez | ) edition.cnn.com time to read: +2 min

Harris previously visited the border while vice president and has cited her work as a border state senator and attorney general. CNN reached out to the Harris campaign for comment. Republicans have falsely claimed that Harris is the “border czar,” casting her as solely responsible for the management of the US-Mexico border. Harris campaign officials think she has a case on immigration: Using the failed bipartisan border measure to cast Trump as unserious on the border and citing her time as California attorney general tackling transnational criminal gangs. Last week, Harris slammed Trump over his immigration proposals, citing his controversial policies to draw a stark contrast with her Republican rival.

Persons: Kamala Harris, Donald Trump, Harris, Trump, Joe Biden, ” Organizations: CNN — Campaign, GOP, CNN, Biden, Republicans, Republican Locations: Mexico, Arizona, It’s, California

☆ Elon Musk’s X to comply with Brazil court orders after U-turn
▼ + stars: | 2024-09-23 | by ( ) edition.cnn.com time to read: +2 min

The Brazilian Supreme Court asked the social media platform Saturday to present documents validating its new legal representative in the country. X was shut down in Brazil in late August after it did not comply with orders from the top court related to hate speech moderation on the platform. X lawyers said late Friday that the platform had named a legal representative in Brazil, addressing a key demand imposed by the court. X had a legal representative in Brazil until mid-August, when it decided to close its offices and fire its local staff. It was not immediately clear which were the accounts X has been ordered to block, as the probe is confidential.

Persons: Elon Musk’s, Alexandre de Moraes, Rachel de Oliveira Conceicao, Musk, Moraes, X Organizations: Brazilian, Court Locations: Brazil

☆ Value investor Bill Nygren looking outside of crowded megacap tech, adds cheap financial stock
▼ + stars: | 2024-09-23 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Longtime value investor Bill Nygren warned that the popular benchmark S & P 500 is not as diversified as it used to be, and he is picking cheap stocks outside the dominant tech sector. Nygren, portfolio manager at Oakmark Funds for 40 years, said the technology sector has grown so powerful in the S & P 500 that the 25 or so largest names make up about half the investment. "It's not nearly as diversified as investors think it is. I think we will see investors revisit the idea of the S & P 500 being kind of the low-risk way to invest in equities," Nygren said on CNBC's " Money Movers " on Monday. "It's become so important to us that we invest with companies that are taking matters into their own hands and using excess capital to repurchase their own stock," Nygren said.

Persons: Bill Nygren, It's, Nygren Organizations: Oakmark Funds, Nvidia, Meta, AIG

☆ Luis Armando Albino: Boy abducted from California at age 6 found alive more than 70 years later
▼ + stars: | 2024-09-23 | by ( Associated Press | ) edition.cnn.com time to read: +4 min

Oakland, California (AP) — Luis Armando Albino was 6 years old in 1951 when he was abducted while playing at an Oakland, California, park. Officials and family members didn’t say where on the East Coast he lives. His brother, Roger Albino, was interrogated several times by investigators but stood by his story about a woman with a bandana around her head taking his brother. Luis was located on the East Coast and provided a DNA sample, as did his sister, Alequin’s mom. Luis returned to the East Coast but came back again in July for a three-week visit.

Persons: — Luis Armando Albino, Albino, Justice Department —, “, ”, Roger Albino, ” Alequin, Luis, Roger —, Alequin, ‘, ’, Roger’s, Roger Organizations: Area, FBI, Justice Department, Marine Corps, Oakland, ”, Oakland Tribune, Coast Guard, Oakland Public Library Locations: Oakland, California, Oakland , California, East, Vietnam, West Oakland, Puerto Rico, East Coast, San Francisco Bay, Stanislaus County , California

☆ Wall Street warms to nuclear power as banks including Goldman Sachs reportedly back new push
▼ + stars: | 2024-09-23 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Read previewBig Tech is getting excited about nuclear power — and now Wall Street wants a piece of the action. However, their involvement could be crucial in helping meet the emissions target laid out in last year's COP28 climate conference and revive the nuclear energy sector. AdvertisementThat might soon change, and it's not just Wall Street getting more interested in nuclear power. Meanwhile, TerraPower, a company cofounded by Bill Gates, is planning a new nuclear power plant in Wyoming. AdvertisementGoldman Sachs, Morgan Stanley, Bank of America, Barclays, BNP Paribas, did not immediately respond to requests for comment from Business Insider, sent outside normal working hours.

Persons: —, Goldman Sachs, Morgan Stanley, Nuclear's, it's, OpenAI, Larry Ellison, We've, they've, Bill Gates Organizations: Service, Tech, Bank of America, Financial Times, Business, Citi, Barclays, BNP, US, Nuclear, Big Tech, Microsoft, ChatGPT, Oracle, Royce Locations: New York, Wyoming

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