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Certain areas of the stock market that benefit from lower rates could see a boost. AdvertisementInstead, plug some money into longer-duration bonds to lock in higher returns while they're still around, Milan said. In addition to tying down solid returns, longer-duration bonds could also appreciate when rates fall, he said. AdvertisementLook at rate-sensitive areas of the stock marketCertain areas of the stock market should also benefit from Fed rate cuts. But investors should keep their eye on the labor market the more the Fed cuts rates, Young Thomas said.
Persons: , Daniel Milan, they're, Ed Mahaffy, Mahaffy, Robert Phipps, Bernstein, Liz Young Thomas, Shmuel Shayowitz, Kristy Kim, Young Thomas Organizations: Service, Federal Reserve, Business, Cornerstone Financial Services, Treasury, ClientFirst Wealth Management, Corporate, Per Stirling Capital Management, Bloomberg, Bond, Index, Fed, Vanguard, ®, Schwab, Fidelity Locations: Michigan, Milan, TreasuryDirect, TomoCredit
Cruise lines were just beginning to reactivate their fleets after a tumultuous pause in operations amid the COVID-19 pandemic (remember that?). For the most part, if you want to pay that little but don't want to hunt for a deal, you're better off sticking with Carnival Cruise Line. Your budget vacation might not be so budget-friendly once onboardMass-market cruise lines have increasingly added pricey pay-to-play amenities to their new ships. The 22-year-old vessel is scheduled for many of the cruise line's cheapest-per-day itineraries this year. Carnival Cruise LineAnd while its mini-golf course, shows, and waterslide are free, you'll have to pay extra for the arcade games or to participate in the "Build-A-Bear Workshop at Sea" or "Deal or No Deal" programs.
Persons: , Brittany Chang, let's, Tynan Smith, Tyanan Smith, Cruise, Carnival's, Josh Weinstein Organizations: Service, Carnival Corp, Royal Caribbean Group, Business, Cruise, Royal, Holland America, WiFi Locations: Holland America, Royal Caribbean, Firenze
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, what to expect from OpenAI's newest AI model that's in the works. GPT-5, the newest model upgrade for OpenAI's chatbot, is coming soon . AdvertisementOpenAI has a lot riding on its newest model, including its ability to get customers to cough up more cash. That's not ideal for a company that's preparing to take on one of the biggest juggernauts in tech: Google's Search.
Persons: , Z's, Let's, Nordin Catic, OpenAI, Darius Rafieyan, Darius, ChatGPT, Justin Sullivan, Chelsea Jia Feng, it's, Sam Altman, Ned Davis, David Solomon, Goldman Sachs, David Zalubowski, Chiang Ying, Mark Zuckerberg, Jensen Huang, Alexa von Tobel, Tyler Le, Mark Zuckerberg's, It's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Getty, OpenAI, Ned Davis Research, Blackstone, Harvard, Microsoft, Starbucks, Apple, Apple Intelligence, Fed, Meta, Boeing, Kraft Locations: undergrad, New York, China, London
We'll show you everything you need to know about how to watch Australia vs. United States free, featuring options from around the world. How to watch Australia vs. United States in the USThe Australia vs. United States game will air on Wednesday at 1 p.m. Check price at FuboHow to watch Australia vs. United States in the UKEurosport is the all-encompassing home of Olympic coverage in the UK. How to watch Australia vs. United States in AustraliaTons of coverage, including today's Australia vs. United States match, will be available through 9Now in Australia. How to watch Australia vs. United States from anywhereIf you'll be away from Australia at game time, don't worry.
Persons: we've, Peacock, Stan Sport, you'll, ExpressVPN Organizations: Business, USA, Australia, United, Zambia, Germany, Tokyo, Group, Olympic, NBC, Eurosport, BBC, Discovery, today's Australia Locations: Australia, United States, Zambia, Germany, 9Now, Australian
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSenator Cynthia Lummis lays out draft bill for U.S. strategic bitcoin reserve: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Zach Pandl, head of research at Grayscale Investments, discusses the asset manager's new spot bitcoin ETF with a lower fee than GBTC and Sen. Cynthia Lummis explains her draft bill that would create a strategic bitcoin reserve.
Persons: Cynthia Lummis, explainers, Zach Pandl, Sen Organizations: CNBC Crypto, CNBC
Federal Reserve Chair Jerome Powell ended a press conference in which he gave markets exactly what they anticipated he would say. The Fed left rates unchanged, noted that job growth was weaker but still strong and hinted it was slowly winning the war on inflation. Powell, in his press conference, said "the labor market has come into better balance, and the unemployment rate remains low. If there was any doubt he was feeling better about inflation, Powell later said, "we have growing confidence that we are on a sustainable path to two percent," the Fed's long-term target for inflation. The consensus as we entered July was that inflation was still a very real danger and that the Fed may keep rates higher.
Persons: Jerome Powell, Powell, What's, Jackson Organizations: Fed, Jackson, Investors
"By the way," Vice President Kamala Harris said at an Atlanta rally on Tuesday, "don't you find some of their stuff to just be plain weird?" With Democrats eagerly resurfacing the Ohio senator's years-old comments about "childless cat ladies," Republicans are suddenly on the defensive over their party's nominee for vice president. In an attempted counterpunch, Vance himself posted a video of Vice President Kamala Harris stating her pronouns during a CNN town hall in 2019. I wish her stepchildren and Kamala Harris and her whole family the very best. But what turns off Democrats — and plenty of Republicans — is that he isn't celebrating those who are able to have families.
Persons: , JD Vance, Kamala Harris, Donald Trump's, Vance, it's, Vance wasn't, Pete Buttigieg, Alexandria Ocasio, Cortez, Tucker Carlson's, There's, haven't, Let's, Megyn Kelly, I've, she's, they've, they're, incentivized, — JD Vance, @JDVance Organizations: Service, Republicans, Business, CNN, Democratic, Transportation, Tucker Carlson's Fox, , GOP, Trump, Ohio Senate, Republican Locations: Atlanta, Ohio, Alexandria, Cortez of New York, Washington ,, New York
Median one-bedroom apartment prices rose at the fastest rate in 12 months in July, according to a new report from real-estate site Zumper. 20 cities where rent is receding fastestApartment dwellers looking for lower rent should start their search in the South. Five of the 20 US real-estate markets where one-bedroom apartment prices fell by at least 5% in July were in Texas, and 11 others were in the South or Southwest regions. AdvertisementBelow are the 20 US markets where rent for a one-bedroom apartment fell at least 5% from July 2023, according to Zumper. Each is also listed along with its year-over-year and month-over-month rent changes, median rent price, and national rent ranking among the nation's 100 biggest markets.
Persons: , Anthemos Georgiades Organizations: Service, Business, Lone Star Locations: Texas, South
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Wednesday's full episode of the Halftime Report — July 31, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.
Persons: CNBC's Scott Wapner Organizations: CNBC PRO
Seagrass on the beach frames an offshore gas rig at dusk on May 10, 2024, near Fort Morgan, AL. U.S. crude oil futures on Tuesday fell to the lowest levels since early June as worries about China's economy overshadow a new round of escalation in the Middle East. "Macroeconomic considerations keep shaping investors' sentiment and oil slid through technical supports like hot knife through butter," Tamas Varga, analyst with oil broker PVM, wrote in a Tuesday note. "Chinese economic turmoil, including sluggish growth and falling crude oil imports, is still a major driving force for our market," Varga said. Israeli officials told Reuters on Monday that Israel wants to hurt Hezbollah, but avoid all-out war.
Persons: Tamas Varga, PVM, Varga, Israel Organizations: AL, Hezbollah, Reuters Locations: Fort Morgan, Israel, Iran, Lebanon, Golan Heights
Mortgage rates are down from where they've been in recent months, with 30-year mortgage rates hovering just below 6.5%, according to Zillow data. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. 30-Year Fixed Mortgage RatesThe average 30-year fixed mortgage rate was 6.78% this week, according to Freddie Mac. 15-Year Fixed Mortgage RatesAverage 15-year mortgage rates were 6.07% this week, according to Freddie Mac data, which is a two-basis-point increase from the previous week. Now that the Fed has paused hiking rates, mortgage rates have come down a bit.
Persons: they've, Freddie Mac Organizations: Federal Reserve, Mortgage Bankers Association, Zillow, Fed Locations: Chevron
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin drops more than 2% as cryptocurrency struggles to hold onto $66,000: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, CNBC Crypto World sits down with Sen. Elizabeth Warren's challenger John Deaton from Bitcoin 2024 in Nashville and Rep. Wiley Nickel discusses a letter he signed urging the DNC to have a 'forward-looking approach' to crypto.
Persons: explainers, Sen, Elizabeth Warren's, John Deaton, Wiley Nickel Organizations: CNBC Crypto, CNBC, Wiley Locations: Nashville
Read previewThe COVID pandemic was an unprecedented boom for the Pokémon card business. Few can forget the $3.5 million YouTuber-boxer Logan Paul blew on a pack of Pokémon cards that turned out to be GI Joe collectibles. He estimated that last year, PSA graded at least 6 million Pokémon trading cards out of the total 14 million it processed. It's made a lifetime total of more than 64.8 billion Pokémon cards since 1999, and production has been accelerating rapidly since the pandemic. Most customers wait a maximum of two months for their graded card, which returns with a rating between 1 and 10.
Persons: , Logan Paul, It's, Ryan Hoge, Hoge, Pokémon, John Keeble, Jens Ishoey Prehn's, IDA MARIE ODGAARD, Ritzau Scanpix, Yu Organizations: Service, Sports, Business, Nintendo, Getty, PSA, IDA Locations: London, Niva, Denmark, AFP, Japan, California, Tokyo, California , New Jersey
The Best Banks and Credit Unions in GeorgiaCapital One 360 Checking: Best bank for opening a savings account and best online checking accountRegions Bank: Best bank for opening a checking accountDelta Community Credit Union: Best credit unionCredit Union of Atlanta: Best credit union, tiedAll of the financial institutions on our list are protected by FDIC or NCUA insurance. Some banks and credit unions that we recommend are Capital One 360, Regions Bank, Delta Community Credit Union, and Credit Union of Atlanta. We chose Delta Community Credit Union and Credit Union of Atlanta as the best credit unions in Georgia. Yes, there are U.S. banks and credit unions that operate in Georgia, such as Delta Community Credit Union and the Credit Union of Atlanta. Best Credit UnionYou might like Delta Community Credit Union if you want to use a credit union instead of a bank.
Persons: you'll, Sophia Acevedo, Tania Brown, It's, Mykail James, CFEI, Roger Ma, Sophia, Axel Springer, Education Sophia, Evelyn, Read Organizations: FDIC, Capital, Regions Bank, Delta Community Credit Union, Credit Union of Atlanta, Banks, Credit Unions, Georgia Capital, Bank, Delta Community Credit, Utah Free, Best, Truist, Truist Bank, Bank of America, Federal Deposit Insurance Corporation, National Credit Union Administration, Credit Union of, Credit Union of Atlanta . Georgia Bank, Business, Best Bank, Savings, Metro, Network, . Delta Community Credit Union, Delta Air Lines, US Citizen, Credit Union, The Credit Union of Atlanta, US Department of Treasury's, Financial, Fund . Credit Union of Atlanta, Atlanta ,, Better, Bureau, Regions, Consumer Financial, American, Finance, Education, California State University Fullerton, Angeles, Personal Finance Locations: Georgia, NY, LA, TX, VA, NJ, Washington, Metro Atlanta , Georgia, Kentucky , Texas, Atlanta, Chevron, Wells Fargo, U.S, Credit Union of Atlanta, There's, Metro Atlanta, Bahamas, Canada, Puerto Rico, Atlanta , Zoo Atlanta, California
Read previewBrenton and Mirlanda Beaufils, 32 and 31, are living the good life. The Dallas-based millennial couple is the epitome of DINK energy, relishing their "double income, no kids" lifestyle and finding new and creative ways to make use of their disposable income each month. Brenton and Mirlanda Beaufils take frequent vacations thanks to their child-free lifestyle. Ditching the DINK statusBut just because they enjoy being DINKs now doesn't mean the Beaufils don't think about giving up the lifestyle one day. We never said we didn't want kids," Mirlanda said in the video.
Persons: , Brenton, Mirlanda Beaufils, DINK, Neiman Marcus, Mirlanda, Brand, Beaufils, they're, We're Organizations: Service, Business, BI, Royal, YouTube Locations: Dallas, Italy, honeymooning, Jamaica, Royal Caribbean
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Tuesday's full episode of the Halftime Report — July 30, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.
Persons: CNBC's Scott Wapner Organizations: CNBC PRO
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Treasury yields slipped and U.S. oil prices fell amid increasing tensions between Israel and the Iran-backed militia Hezbollah in Lebanon. McDonald's missMcDonald's quarterly earnings and revenue fell short of analysts' expectations as same-store sales declined globally for the first time since 2020. The fast-food giant's second-quarter net income fell to $2.02 billion from $2.31 billion a year ago, while revenue was nearly flat at $6.49 billion. Bond investors benefit from price appreciation in a falling interest rate environment as bond prices and yields move inversely to each other.
Persons: McDonald's, iPhones, Max, Bitcoin, Donald Trump, Trump, Gary Gensler, Janus Henderson Organizations: CNBC, Big Tech, Nasdaq, Dow Jones Industrial, Treasury, Hezbollah, Apple, Apple Intelligence, Republican, Bitcoin Conference, Metrics, Securities, Exchange Locations: U.S, Israel, Iran, Lebanon
Keep reading to learn how to watch today's women's gymnastics final, and don't forget to bookmark our Olympic gymnastics streaming guide for important future dates. Where to watch women's gymnastics team final in the USThe women's gymnastics team final will be available to watch on Tuesday, July 30, starting at 12:15 p.m. Check price at FuboWhere to watch women's gymnastics team final in the UKThe women's gymnastics team final will be available through BBC One and BBC iPlayer in the UK. Where to watch women's gymnastics team final in AustraliaThe women's gymnastics team final will live stream on 9Now in Australia. Enjoy the women's gymnastics team final.
Persons: Simone Biles, Suni Lee, Jordan Chiles, Jade Carey, Peacock, Stan Sport, ExpressVPN Organizations: Business, Olympics, USA, Tokyo, GBR, Team USA, NBC, Peacock, BBC, Eurosport, Discovery, Gymnastics Locations: United States, Great Britain, China, Japan, Brazil, Canada, Italy, Romania, Australia, 9Now
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. McDonald's missMcDonald's quarterly earnings and revenue fell short of analysts' expectations as same-store sales declined globally for the first time since 2020. The fast-food giant's second-quarter net income fell to $2.02 billion from $2.31 billion a year ago, while revenue was nearly flat at $6.49 billion. Asia stocks weakenAsian stocks traded lower as the Bank of Japan began a two-day meeting where it is widely expected to raise benchmark interest rates. Japan central bank meetsThe Bank of Japan began its two-day policy meeting Tuesday amid expectations of an interest rate hike.
Persons: McDonald's, iPhones, Seng, Fortescue, JPMorgan, Yuri Khodjamirian, CNBC's Organizations: CNBC, Nasdaq, Big Tech, Dow Jones Industrial, Treasury, Hezbollah, Apple, Apple Intelligence, Max, Bank of Japan, Nikkei, CSI, Australian Financial Review, Tema Locations: U.S, Israel, Iran, Lebanon, Asia, Australia, Japan
Biden rolls out plan to overhaul the Supreme Court
  + stars: | 2024-07-29 | by ( Rebecca Picciotto | ) www.cnbc.com   time to read: +2 min
U.S. Supreme Court Justices attend as U.S. President Joe Biden delivers the State of the Union address at the U.S. Capitol in Washington, D.C., March 7, 2024. President Joe Biden on Monday unveiled a three-pronged proposal to reform the Supreme Court, a policy area that he said will be a focus of his remaining months in office. Biden's proposed ethics code comes after several Supreme Court justices, including Clarence Thomas and Samuel Alito, were caught in scandals involving undisclosed financial gifts that posed major conflicts of interest. As he works to cement his legacy in the just under six months he has left as president, Biden said that overhauling the Supreme Court will be a priority. "I'm going to call for Supreme Court reform because this is critical to our democracy," Biden said in a national address from the Oval Office last Wednesday.
Persons: Joe Biden, Biden, Donald Trump, Biden's, Clarence Thomas, Samuel Alito, Kamala Harris Organizations: Supreme, U.S, Capitol, Washington , D.C, Trump, Senate, LBJ Presidential Locations: Washington ,, Texas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Monday's full episode of the Halftime Report — July 29, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.
Persons: CNBC's Scott Wapner Organizations: CNBC PRO
UBS sees the recent tech stock sell-off as a buy-the-dip opportunity for long-term investors. UBS cites attractive valuations, solid fundamentals, and fading technical factors as reason to stick with large-cap tech. But according to UBS, the recent decline in tech stocks is only temporary, and that should be apparent when mega-cap tech stocks report their second-quarter earnings results later this week. A healthy sell-off in tech stocks has led to more attractive valuations for the fast-growing sector, especially when compared to previous bubbles. "While the tech sector appears to be expensive after the rally this year, price-to-earnings multiples remain much lower than in the dot-com era, when many tech stocks had much lower-quality earnings," UBS said.
Persons: , Sundar Pichai Organizations: UBS, Service, Nasdaq, Apple, Microsoft
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin moves toward $70,000 then dips as investors digest political developments: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, CNBC Crypto World brings you highlights from former President Donald Trump's speech over the weekend at Bitcoin 2024 in Nashville and Rep. Ro Khanna discusses crypto regulation from the conference.
Persons: explainers, Donald Trump's, Ro Khanna Organizations: CNBC Crypto, CNBC Locations: Nashville
Investors who are camped out in cash are nabbing sweet yields, but the clock is ticking on that attractive income. Money market fund assets totaled $6.14 trillion as of the week ended July 24, according to the Investment Company Institute . The largest money market funds are offering an annualized 7-day current yield of 5.12%, per the Crane 100 Money Fund Index. "Investors must also remember that the liquid securities held in money market funds have maturities capped at slightly over a year," he said. While these short-term bonds may be an attractive alternative to hiding out in cash, investors should avoid making them the lion's share of their fixed income holdings.
Persons: Daniel Siluk, Janus Henderson, Matthew Mish, Siluk Organizations: Investment Company Institute, Federal, UBS, SEC, BBB, Treasury Bond ETF
Andrew Caballero-Reynolds | AFP | Getty ImagesFormer President Donald Trump will participate in an FBI victim interview about his attempted assassination at a campaign rally, the agency told reporters Monday. The interview with Trump "will be consistent with any other victim interview that we do," an FBI official said in a press call. Republican candidate Donald Trump was evacuated from the stage at today's rally after what sounded like shots rang out at the event in Pennsylvania, according to AFP. Law enforcement recovered two explosive devices from the trunk of Crooks' car near the site of the Trump rally, and another from his bedroom. On the afternoon of the rally, Crooks flew a drone near the event area for about 11 minutes.
Persons: Donald Trump, Andrew Caballero, Reynolds, Trump, Thomas Matthew Crooks, Crooks, rallygoer Corey Comperatore, Kevin Rojek, Christopher Wray, Rojek, Oswald, Kennedy, Carlos Osorio Organizations: Republican, Convention, AFP, Getty, FBI, Butler, Inc, Bloomberg, U.S, Trump Locations: Milwaukee , Wisconsin, Butler , Pennsylvania, Pennsylvania, Pittsburgh, U.S
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