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☆ Why investors may want to wait before buying the dip: 'Don't rush to try to catch a falling knife'
▼ + stars: | 2024-08-06 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The S & P 500 was higher Tuesday, one day after the broad market index posted its worst day in nearly two years amid revived fears of a recession. The current pullback has all the hallmarks of a market correction, the strategist said. So, don't rush to try to catch a falling knife," Malek said. The S & P 500 on Tuesday traded about 7% below a record high reached last month. Besides, he said, it is hard to think of a market correction occurring in August, when a bottom is historically more likely to happen in the month of October.

Persons: Thomas Salopek, Salopek, Mark Malek, Siebert, Malek, CFRA's Sam Stovall, Stovall, Strategas, Chris Verrone, Verrone Organizations: Nasdaq, JPMorgan

☆ Harris set to name running mate as global turmoil rocks an already surreal campaign
▼ + stars: | 2024-08-06 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

In the final hours of her search after a compressed vetting period, Harris narrowed in on two candidates — Pennsylvania Gov. Tim Walz, 60, sources told CNN, although Arizona Sen. Mark Kelly remained in the running as of Monday afternoon. But perception is often as important as reality in a presidential race. A critical choiceThe choice of a running mate is the first, most critical decision a party nominee makes. Still, Harris’ strong start appears to have restored the election to a neck-and-neck race, according to recent surveys.

Persons: Kamala Harris, Donald Trump flailing, Harris, Joe Biden’s, Josh Shapiro, Tim Walz, Arizona Sen, Mark Kelly, Shapiro, Walz, Trump, Biden, Harris ’, White, Barack Obama, Republican John McCain, Ismail Haniyeh, Israel’s, Benjamin Netanyahu, Jake Auchincloss, “, CNN’s Kasie Hunt, Harris Trump, Kamala, ”, it’s, Ohio Sen, JD Vance, Sarah Palin, —, don’t Organizations: CNN, Republican, Minnesota Gov, Democratic, Trump, Dow Jones, US, Federal Reserve, Biden, United States ., Israeli, Massachusetts Democrat, Ohio, Democratic National Convention, White Locations: Philadelphia, Arizona, Wisconsin, Michigan, Israel, United States, Iraq, Iran, Tehran, Gaza, Massachusetts, Chicago, Atlanta, Pennsylvania

But with major names headlining the 2024 event, tickets for the Ohana Festival are selling out fast. Here's what fans need to know to buy Ohana Festival tickets. Ohana Festival 2024 festival scheduleThe Ohana Festival is a three-day event held September 27 to 29 at Doheny State Beach. How to buy tickets for Ohana Festival 2024While original three-day and Sunday passes are sold out, the festival still has limited general admission single-day passes for Friday and Saturday. How much are Ohana Festival tickets?

Persons: Pearl, Sting, Pearl Jam, Neil Young, Garbage, Alanis Morissette, Devo, Marren Morris, Maren Morris, Ryan Beatty, Jaime Wyatt, Linka Moja, Jenny Lewis, Glen Hansard, Power, Joe Wong, Goldie Boutilier, Jam, Peter Cat, Kim Gordon, LA, Jesus, John Cruz Organizations: Business, Beach Boys, Sting, Doheny, Pearl, Crowded, Black Pumas, Breeders Locations: Doheny, Dana Point , California, Beach, Dogstar, Black, LA LOM, Santa

Mortgage rates have been trending down in recent days in response to weaker-than-expected labor market data and concerns of a possible economic downturn. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-Year Fixed Mortgage RatesThe average 30-year fixed mortgage rate was 6.73% last week, according to Freddie Mac. 15-Year Fixed Mortgage RatesLast week, average 15-year mortgage rates were 5.99%, an eight-basis-point decrease from the previous week, according to Freddie Mac data. Once the Fed cuts rates, mortgage rates should fall even further.

Persons: homebuyers, you'll, Freddie Mac, it's Organizations: Zillow, Federal Reserve Locations: Chevron

☆ German Court Fines Protester for ‘River to the Sea’ Chant
▼ + stars: | 2024-08-06 | by ( Sarah Maslin Nir | ) www.nytimes.com time to read: +1 min

A German court ruled on Tuesday that a protester who shouted “From the river to the sea, Palestine will be free” at a rally in Berlin in October had condoned criminal acts — the Hamas-led terrorist attacks on Israel — and gave her a fine of 600 euros, about $650. The slogan, which has radically different interpretations, was later banned in Germany, viewed as basically constituting a call for the elimination of Israel. The court case had been seen as a test of that law. The Israel-Hamas conflict has underlined the delicate balance in Germany between freedom of expression and the country’s relationship with Israel. One of the foundations of Germany since the Holocaust is support for Israel, a principle known as a Staatsräson, or “state reason.” Since Oct. 7, activism in Germany has been roiled by that tension, with cancellations, bans and fierce debates about what can and can’t be said about Israel and the war.

Persons: Israel —, Birgit Balzer, “, can’t Organizations: Israel Locations: Palestine, Berlin, Germany, Tiergarten, Israel

The federal court ruling that Google had abused its monopoly in online search threatens to disrupt one of the most valuable businesses in modern history, and Big Tech more broadly. Expect Google to fight back, which could drag this out for some time. What happened: Judge Amit Mehta of U.S. District Court for the District of Columbia sided with the Justice Department and several states that had accused Google of illegally cementing its search dominance. In large part that was by paying billions each year to companies including Apple and Samsung to make Google the default search engine on their devices. Those agreements hurt competition, Mehta found, allowing Google to trample competitors.

Persons: Amit Mehta, Mehta Organizations: Google, Big Tech, U.S, District, Columbia, Justice Department, Apple, Samsung

The Adobe Creative Cloud price varies depending on whether you pay monthly or annually and whether you make a time commitment. With that in mind, we've broken it all down below, including the Adobe Creative Cloud price, individual app costs, and Adobe discounts for students and teachers. Adobe Creative Cloud (1-year subscription) $659.88 $719.88 Save 8% Adobe's Creative Cloud gives you access to every powerful Adobe application, including Photoshop, Illustrator, Premiere, and more. Creative Cloud (from $60/month): Everything except for Substance 3D apps(from $60/month): Everything except for Substance 3D apps Photography (from $20/month): Lightroom, Lightroom Classic, Photoshop, Photoshop Express, Adobe Firefly, and 1TB of cloud storage(from $20/month): Lightroom, Lightroom Classic, Photoshop, Photoshop Express, Adobe Firefly, and 1TB of cloud storage Adobe Substance 3D collection (from $50/month): Adobe Substance 3D Modeler, Sampler, Designer, Painter, Stager, and Assets(from $50/month): Adobe Substance 3D Modeler, Sampler, Designer, Painter, Stager, and Assets Adobe Substance 3D texturing (from $20/month): Adobe Substance 3D Sampler, Designer, Painter, and AssetsWho can get Adobe discounts? Companies and educational institutions can pay one discounted price for all their users or devices to receive Creative Cloud licensing.

Persons: there's, Painter Organizations: Business, Adobe, Photoshop, Creative

Beirut, Lebanon CNN —Hezbollah leader Hassan Nasrallah said his group will respond to Israel “regardless of the consequences” to avenge the assassination of the group’s top commander a week ago, but keeping Israelis waiting is “part of the punishment.”“Their government, their army, their society, their settlements and their occupiers are all waiting,” Nasrallah said. Keeping Israel waiting is “part of the battle,” he added. The monthslong, cross-border exchange of fire intensified Tuesday morning after Hezbollah launched a “swarm” of drones towards what it said are military targets in northern Israeli cities. The Israeli military said the building was used by Hezbollah. Iran’s Supreme Leader Ali Khamenei and his Islamic Revolutionary Guard promised Israel a “painful” response for the killing of Haniyeh in Tehran.

Persons: Hassan Nasrallah, ” “, ” Nasrallah, ”, Fuad Shukr, Ismail Haniyeh, Ali Khamenei, Israel, Asad, Defense Lloyd Austin, Antony Blinken, Haniyeh Organizations: Lebanon CNN, CNN, Israel Defense Forces, Iran’s, Islamic Revolutionary Guard, Al, Pentagon, Defense, Officials, Organization of Islamic Cooperation Locations: Beirut, Lebanon, Israel, Nahariya, Iran, Shukr, Tehran, Haniyeh, Asad Airbase, Iraq, Jordanian, Jeddah

☆ Meta's Gen Z secret weapon is Facebook Marketplace
▼ + stars: | 2024-08-06 | by ( Jordan Hart | Sarah Jackson | ) www.businessinsider.com time to read: +4 min

Read previewMeta is counting on Gen Z's love of a good deal to attract more young users to Facebook. Facebook Marketplace has "seen particular traction with young adults" and has been "one of the drivers of strength in young adults" for Meta, said CFO Susan Li during Meta's Q2 earnings call last month. Among social media users, Marketplace is the most popular social commerce platform, according to Capital One Shopping research. AdvertisementIn an average month, up to 1.228 billion online shoppers worldwide make a purchase from Facebook Marketplace, and 51.2% of all social media users made their latest social media purchase from it. Thanks in part to Marketplace, Zuckerberg is "particularly pleased with the progress that we're making with young adults on Facebook," he said in the earnings call last month.

Persons: —, Z's, Mark Zuckerberg, it's, Gen, Zuck, Meta, that's, Susan Li, Max Willens, Willens, Karissa Franklin, Franklin, Zuckerberg Organizations: Service, Facebook, Business, Meta

☆ Stocks making the biggest moves premarket: Palantir, Caterpillar, Yum China, CrowdStrike and more
▼ + stars: | 2024-08-06 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines before the bell: Palantir Technologies — The data analytics company rallied 11% after raising its full-year revenue forecast. Yum China — Shares surged 8% after the Shanghai-based operator behind Pizza Hut and Taco Bell posted second-quarter earnings that beat expectations. Adjusted earnings of 55 cents per share topped the 47 cents per share anticipated by analysts surveyed by LSEG. Earnings came in at 47 cents per share, topping the 31 cents expected from analysts polled by LSEG. CSX reported earnings of 49 cents per share in the second quarter, above the 48 cents anticipated by analysts in an LSEG survey.

Persons: Taco Bell, Piper Sandler, ZoomInfo, LSEG, Lucid, — CNBC's Michelle Fox, Fred Imbert, Jesse Pound Organizations: Technologies, Taco, LSEG, Revenue, Caterpillar, Nvidia, Micro Computer, Broadcom, Intel, CSX Locations: China, Shanghai

☆ Proposals at the Olympics draw criticism of overshadowing women athletes' accomplishments
▼ + stars: | 2024-08-05 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +3 min

Viewers have had mixed reactions to athletes who have gotten engaged during the Paris Games. While some feel that the grand gesture makes Olympians’ big moments even bigger, others say that the proposals steal the spotlight from female athletes in particular. A Chinese social media site even jokingly shared a post featuring an added engagement ring column alongside the medal counter. But proposals done just after a monumental win have drawn some of the most scrutiny from some fans. And many social media users came to the couple’s defense, arguing that the proposal took place after the medal ceremony.

Persons: Liu Yuchen, Huang Yaqiong, Sarah Steyaert, Picon, Pablo Simonet, Maria Campoy, Sydney Colson, ”, didn’t, Huang, Steyaert, ” Steyaert, Qin Kai, Zi, Michael Phelps, Sunny Singh Organizations: Paris Games, Argentine, Team Argentina, Games, WNBA, Las Vegas Aces, La Chapelle, BBC, NBC Asian Locations: French, Porte, Rio de Janeiro, Brazil, NBC Asian America

This grabbed the attention of U.K.-based French studies professor Martin Hurcombe, who specializes in French history and culture. French fans cheer during the women's cross-country cycling mountain bike event during the Paris Games on July 28. French fans have been wildly cheering for their athletes and team throughout these Olympic Games. Spectators celebrate as France's Leon Marchand wins the gold medal in men's 200-meter individual medley final at the Paris Games. I think it was a moment and there's a risk with these Olympics, as well, that this is (just) a moment."

Persons: “, Jérémy Boutier, France's Leon Marchand, Sarah Stier, Emmanuel Macron, Martin Hurcombe, Jared C, Tilton, Hurcombe, Amélie Oudéa, hasn't, Sameer Al, Léon Marchand, Tom Vanden Brande, Vanden Brande, Yolaine Wilson, it's, Zinedine Zidane, Lilian Thuram, Marcel Desailly, Christian Karembeu, Patrick Vieira, Dar Yasin, We've Organizations: Olympics, NBC News, Paris Games, Getty, University of Bristol, French Sports, Olympic Games, Olympic, Nigeria, Paris La Défense, French, France Locations: France, AFP, Paris, French West Indies, Ghana, New Caledonia, Senegal

☆ Why ‘The Great Gatsby’ and Other Shows Are Turning to Influencers
▼ + stars: | 2024-08-05 | by ( Sarah Bahr | ) www.nytimes.com time to read: +1 min

On a 91-degree day in June, a group of 20- and 30-somethings in sundresses and Bermuda shorts was navigating a dimly lit cocktail lounge whose air-conditioning was on the fritz. It didn’t matter: Cocktails with names like the Ghost Writer were flowing, and patrons were posing in front of a velvet emerald curtain, holding “Team Daisy” and “Team Gatsby” hand fans emblazoned with the faces of Eva Noblezada and Jeremy Jordan, the stars of the Broadway musical “The Great Gatsby.”Flickering candles adorned tables at the side of the room, where people colored in silhouettes of the character Myrtle Wilson, a social climber in the musical, and filled out trivia sheets with questions like “Is Gatsby in East or West Egg?” Silver gift bags filled with miniature bottles of Champagne and “Old Sport” stickers sat on a table by the door. “We are in the Gatsby era,” said Francis Dominic, 31, a lifestyle and travel influencer, alluding to the Broadway musical and “Gatsby,” another high-profile stage adaptation of the F. Scott Fitzgerald novel that last week ended its run at American Repertory Theater in Cambridge, Mass., and is also aiming for Broadway.

Persons: fritz, Daisy ”, Gatsby, Eva Noblezada, Jeremy Jordan, Myrtle Wilson, ”, Francis Dominic, Scott Fitzgerald Organizations: “, Repertory Theater, Broadway Locations: sundresses, Bermuda, Gatsby, East, Champagne, Cambridge

☆ Stocks making the biggest moves midday: Robinhood, Nvidia, Intel and more
▼ + stars: | 2024-08-05 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Crypto stocks — Several bitcoin-related names were hit following the cryptocurrency's drop below $50,000 for the first time since February. Apple — The tech stock dropped more than 5% in the broad market sell-off after news that Warren Buffett's Berkshire Hathaway dumped half its stake in the iPhone maker. Palantir — The software stock fell more than 4% ahead of the company's s quarterly results. Tech stocks — Major tech names dropped during Monday's sell-off. According to LSEG, analysts are expecting a loss of 26 cents per share on revenue of $192 million.

Persons: Robinhood, MicroStrategy, Warren, Berkshire Hathaway, Tyson, Tyson Foods, —, Samantha Subin, Yun Li, Sarah Min, Darla Mercado Organizations: Nvidia, Computer, Micro Computer, Semiconductor, VanEck Semiconductor, Micron Technology, Taiwan Semiconductor Manufacturing, Arm Holdings, Apple, Oracle, Tech, Microsoft, Facebook, Meta, Intel —, FactSet, GameStop Locations: Berkshire, Omaha, FactSet .

Stocks, cryptocurrencies, the dollar, oil — they’re all down sharply again on Monday on concerns that the U.S. economy is slowing faster than expected. It comes after a rough week for global markets. That has reignited criticisms that the Fed is moving too slowly to cut rates as economic conditions look shakier. Mega-cap tech stocks, which have driven much of the market’s gains this past year, were especially bruised: Nvidia was down 11 percent premarket, while Apple was off 7.5 percent. The yield on the 10-year Treasury note fell to a one-year low.

Persons: Berkshire Hathaway, Bitcoin, Brent, Goldman Sachs, Goldman Organizations: Nvidia, Apple, Berkshire, Nikkei, Bank of Japan, . Investors Locations: U.S, Japan

☆ 'House of the Dragon' director says she 'couldn't sleep' thinking about how to film Daemon's game-changing finale vision
▼ + stars: | 2024-08-05 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +13 min

By the season finale, Alicent Hightower (Olivia Cooke) knows that she has no allies left in King's Landing. "Every time I'm in a scene like Rhaenyra and Alicent, I'm thinking about the war zone," she said. Matt Smith and Emma D'Arcy as Daemon and Rhaenyra Targaryen in the season two finale of "House of the Dragon." AdvertisementDaenerys Targaryen briefly appears in Daemon's vision in the season two finale of "House of the Dragon." What I love about the way Sara particularly wrote the season finale is that she grounded it in relationships.

Persons: Alicent Hightower, Olivia Cooke, Emma D'Arcy, Alicent, Rhaenyra, It's, —, Geeta Vasant Patel, Patel, Daenerys —, Matt Smith, Daemon, Liam Daniel, HBO You've, Emma, Olivia, Ryan, Sara, Hess, HBO Olivia, Catherine Goldschmidt, Ollie Upton, they'd, I'm, you've, Daemon Targaryen, Sarah, I've, there's, Matt, Daenerys Targaryen, Prince, Daenerys Organizations: Service, HBO Locations: King's, Rhaenyra, Harrenhal

As the Fed lowers rates this year, mortgage rates are expected to go down. 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. 15-Year Fixed Mortgage RatesAverage 15-year mortgage rates were 5.99% this week, according to Freddie Mac data, which is an eight-basis-point decrease from the previous week. Now that the Fed has paused hiking rates, mortgage rates have come down a bit. Once the Fed starts cutting rates, which may happen this year, mortgage rates should fall even further.

Persons: —, Freddie Mac Organizations: Federal, of Labor Statistics, Zillow, Federal Reserve, Fed Locations: Chevron

Editor’s Note: A version of this story appears in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Such escalation could also jeopardize efforts to reach a ceasefire in Gaza and release hostages, despite recent progress in negotiations. Israeli Defense Minister Yoav Gallant and US Secretary of Defense Lloyd Austin discussed comprehensive security strategies to protect Israel, according to a statement on Monday. Israel was considering its options to prepare for a regional attack over the weekend. The country braces for war in its own way and tends to pick up after itself.

Persons: Ayatollah Ali Khamenei, Ismail Haniyeh, ”, Israel, Israel hasn’t, “, Yoav Gallant, Defense Lloyd Austin, Michael Kurilla, Kurilla, Ayman Safadi, Badr Abdelatti, Ali Bagheri Kani, ‘, Masoud Pezeshkian, Safadi, Nasser Kanaani, Fu’ad Shukr, Majdal Shams, Hassan Nasrallah, Benjamin Netanyahu, ” “, ” Netanyahu, Ali Bagheri, Netanyahu, Gallant, Daniel Hagari, Lebanon scrambledto, floaties, Samer Othman, Jalaa Marey, Othman, Liz Nicholas, David Adom, Be’er, Ivana Reiser, Zeev Jabotinsky, Naama, ” Be’er, ” Baer, Reiser, Roy Dror, Ron Heckmann, they’re, Dror, ” Heckmann, Uri Shacham, Shacham Organizations: Jerusalem CNN —, Iran’s, Islamic Revolutionary Guard Corps, Saturday, US, Israeli, Defense, US Central Command, Jordanian, Egypt’s, Zionist, Israel, Iran, Sunday, Getty Images Israel, Hezbollah, CNN, Mount, Mount Herzl Military, Getty, MDA Locations: Beirut, Tel Aviv, Jerusalem, Israel, Iran, Tehran, Lebanon, Gaza, United States, Syria, Majdal, Golan, ”, AFP, Cairo, Lebanese, Beirut’s, Mount Herzl, London, Nahariyah

☆ Stocks making the biggest moves after hours: Palantir Technologies, Lucid Group, CSX and more
▼ + stars: | 2024-08-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Palantir posted adjusted earnings of 9 cents per share on $678 million in revenue. Lucid Group — Shares surged 6% after second-quarter estimates surpassed Wall Street estimates. The electric vehicle company reported revenue of $200.6 million , while analysts polled by LSEG forecast $192 million. CSX notched earnings of 49 cents per share in the second quarter, while analysts polled by LSEG expected 48 cents a share. Simon Property Group topped second-quarter revenue estimates, but posted in-line earnings.

Persons: Palantir, LSEG, AeroSystems, CNBC's Brian Evans, Sarah Min Organizations: Palantir Technologies, Wall, LSEG, CSX Corp, CSX, Semiconductor, Nvidia, Computer, Broadcom, Arm Holdings, Intel, Boeing, Avis Budget, Technologies, ZoomInfo Technologies, Simon Property, Simon Property Group Locations: LSEG .

However, because likely fewer people are willing to make the initial $550 investment in the Chase Sapphire Reserve, we'll crown the Sapphire Preferred Card in this category. Winner: Sapphire Preferred Card and Chase Sapphire ReserveTravel benefits and protectionsThe biggest difference between the Sapphire Preferred Card and the Chase Sapphire Reserve are the ongoing benefits. But as you can see, the Chase Sapphire Reserve trounces the Sapphire Preferred Card in a few categories. Winner: Chase Sapphire ReserveBonus points on Lyft ridesThrough March 2025, the Chase Sapphire Reserve offers 10x points on Lyft rides — a great return on spending — while the Sapphire Preferred Card offers 5x points. Chase Sapphire Preferred vs. Sapphire Reserve frequently asked questionsHow do the annual fees for the Chase Sapphire Preferred and Sapphire Reserve compare?

Persons: Chase, you've, Chase Travel ℠, there's, we'll, you'll, Sarah Silbert, Sarah, verticals, Guy Organizations: Chase Sapphire, Chase, Sapphire, Chase Travel, Hotel, FDIC, TSA, Target, Walmart, Chase Sapphire Reserve, Chase Dining, cardholders, Business, Reserve Elite, Sapphire Reserve, Southwest Airlines, United Airlines, Marriott, Hyatt, Finance, TPG, Engadget, Laptop Magazine, York, Banking Insurance, Sarah Lawrence College Locations: —, Chase, Chevron

☆ What to watch at Olympics today: Djokovic vs. Alcaraz and Noah Lyles’ moment in 100m
▼ + stars: | 2024-08-04 | by ( Mark Cooper | ) www.nytimes.com time to read: +6 min

TV: PeacockWhat to watch: Novak Djokovic and Carlos Alcaraz meet for the seventh time — and second on the clay of Roland Garros — for the men’s singles gold medal. His only Olympic medal, a bronze, came in 2008. GO DEEPER Why is Team USA struggling in the Olympic gold medal count? Cycling hits the roadAnna Kiesenhofer earned Austria’s first Summer Olympics gold medal in 17 years when she won in 2021. But Katie Ledecky accomplished something only one other woman has in Olympic history by winning her ninth gold medal.

Persons: It’s, Noah Lyles, Novak Djokovic, Carlos Alcaraz, Roland Garros, Djokovic, Alcaraz, Lyles, Hannah Peters, Yu, ” Lyles, Kishane Thompson, Marcell Jacobs, Fred Kerley, Canada’s Andre De Grasse, Sarah Sjöström, Gretchen Walsh, Bobby Finke, Ireland’s Daniel Wiffen, A’Ja Wilson, Breanna Stewart, Satou Sabally, Anna Kiesenhofer, Austria’s, Dimitar Dilkoff, Austrian Anna Kiesenhofer, Italy’s Elisa Longo Borghini, Australia’s Grace Brown, Great Britain’s Anna Henderson, Chloe Dygert, —, KATIE LEDECKY, 💪 Organizations: Paris Games, NBC, U.S, Netflix, Olympics, Team USA, USA Network, Telemundo, Germany, Belgium, Dallas Wings, Japan, Cycling, Getty, CNBC, United, ust, aris Locations: Paris, Alcaraz, Tokyo, Jamaica, United States, U.S, Australia, France, Belgium, Germany, Japan, AFP, Austrian, oman

☆ Dow futures slide nearly 200 points after Nasdaq falls into a correction: Live updates
▼ + stars: | 2024-08-04 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during afternoon trading on August 02, 2024 in New York City. U.S. stock futures fell Sunday night following a volatile week for Wall Street, in which the Nasdaq Composite dropped into correction territory. S&P 500 futures and Nasdaq-100 futures dipped 0.7% and 1.1%, respectively. On Friday, the Nasdaq capped a third straight week of losses, bringing the tech-heavy index down more than 10% from a record set last month. The S&P 500 also posted a third straight losing week, down 2% for the week.

Persons: Dow, Keith Lerner, CNBC's, It's, Warren Buffett's Berkshire Hathaway, Mary Daly Organizations: New York Stock Exchange, Wall, Nasdaq, Dow Jones Industrial, Dow Jones, Treasury, Federal Reserve, PMI, San Francisco Fed Locations: New York City . U.S, Hawaii

Last week, 30-year mortgage rates averaged 6.28%, and they're even lower today, according to Zillow data. What does this mean for mortgage rates? See more mortgage rates on Zillow Real Estate on ZillowMortgage Refinance Rates TodayMortgage type Average rate today This information has been provided by Zillow. 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. As inflation slows and the Federal Reserve is able to start cutting the federal funds rate, mortgage rates are expected to trend down as well.

Persons: Jerome Powell, Fannie Mae Organizations: Federal, Zillow, Federal Reserve, Mortgage, Association, ARM Locations: Chevron

☆ Forget Uber and Airbnb: Some people are going back to doing things the old-fashioned way to save money
▼ + stars: | 2024-08-03 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

"If I was using rideshares and the delivery apps and everything the way I was, I would run out of money each month," she said. For some, like Manley, it means going back to the old-fashioned way of doing certain things: shopping around for hotel deals, taking public transit more, and working out at home with fitness classes on video. AdvertisementGrant Plotkin, 26, is a Gen Zer who experienced the pre-2020 millennial subsidy as a young adult. The next iteration of the millennial subsidy might be gamifying surge pricing for groceries or a side of fries. AdvertisementHas the loss of the millennial subsidy affected your finances or lifestyle?

Persons: Sarah Manley, Manley, She's, they'd, Millennials, YipitData, Grant Plotkin, Zer, he's, Plotkin, Ubers, Brett House, that's, Bilal Baydoun, Baydoun Organizations: Service, Business, Bloomberg, Netflix, Columbia Business School, Dollar, Aldi, Big Tech, American Locations: Baltimore, it's

☆ Saying the Quiet Part Out Loud
▼ + stars: | 2024-08-03 | by ( Lauren Hirsch | Sarah Kessler | ) www.nytimes.com time to read: +1 min

Wall Street Democrats have spent the last eight years complaining about their relationship with Washington. But now that Vice President Kamala Harris is the party’s presumptive presidential nominee, they see a chance to regain influence. “Waging war is not.” (He later clarified that he would support Harris regardless of whether she replaced Khan.) Few on Wall Street would disagree with that stance — Khan has moved to block deals with seemingly little concern over losing in court. But behind the scenes, many are irked by this kind of public lobbying, arguing that it exposes a misunderstanding of the way the Washington game is played, and that it could backfire.

Persons: Donald Trump’s, Biden, Kamala Harris, Elon Musk, Bill Ackman, Harris, Lina Khan, ” Barry Diller, Reid Hoffman, ” Hoffman, “, Khan, — Khan Organizations: Democrats, Democratic Party, Trump, Federal Trade Commission, IAC, CNBC, LinkedIn, CNN Locations: Washington

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