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☆ A boomer said he's struggling to survive on Social Security after retiring early to care full-time for his wife
▼ + stars: | 2024-09-25 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

As Americans increasingly rely on Social Security and other retirement income to get by, high medical expenses could throw years of retirement planning out of balance. AdvertisementRetiring early to be his wife's caretakerPapalia had a goal to retire in 2015 at age 65 so he could receive Social Security benefits and have enough saved that money wouldn't be a huge issue. However, in 2010, he retired to care for his wife full-time, taking a buyout from his company that lasted until 2014. Marie's medical care was expensive, and they also cared for two dogs, both of whom had costly medical issues. Scraping by and making sacrificesPapalia receives $2,132 a month in Social Security before taxes and insurance and $1,900 from his pension, while Marie gets $1,113 a month from Social Security.

Persons: —, Robert Papalia, Marie, They're, Papalia, they're, wouldn't, She's, they've, We're, it's, he's Organizations: Service, Business, BI, Social Security, Social, Security Locations: Burlington , New Jersey, New Jersey, Pennsylvania

☆ Stocks making the biggest moves premarket: KB Home, Hewlett Packard Enterprises, General Motors and more
▼ + stars: | 2024-09-25 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Rithm Capital – The real estate investing stock more than 4% after announcing a secondary offering of 30 million shares. Hewlett Packard Enterprise – The technology stock added almost 3% on the back of a Barclays upgrade to overweight from equal weight. General Motors , Ford Motor – The auto stocks fell following downgrades from Morgan Stanley's Adam Jonas due to rising China competition and a weakening U.S. consumer. The analyst downgraded Ford Motor to equal weight from overweight, while General Motors was lowered to underweight from equal weight. Shares of General Motors and Ford fell roughly 3% and 2%, respectively.

Persons: FactSet, Bilibili –, Rithm, Hewlett Packard, Morgan Stanley's Adam Jonas, —, Alex Harring, Sarah Min, Lisa Kailai Han Organizations: JPMorgan, Hewlett Packard Enterprise, Barclays, Hewlett, Worthington Enterprises, General Motors, Ford, Ford Motor, General Locations: China's, U.S, China

☆ Why Trump is polling better in Georgia than North Carolina: From the Politics Desk
▼ + stars: | 2024-09-24 | by ( The Politics Desk | ) www.nbcnews.com time to read: +7 min

Why Trump is polling better in Georgia than North CarolinaBy Steve KornackiThe latest round of New York Times/Siena College state polls is a continuation of what has become a pattern: Donald Trump seems to be faring slightly better in Georgia than in North Carolina. And Trump is up by 2 points in North Carolina, where he prevailed by 1.3 points four years ago. And yet — at least in polling — it’s Georgia, not North Carolina, where Trump seems better positioned. According to exit polling, Trump won the noncollege white vote in each state by roughly the same margin in 2020: 59 points in Georgia and 57 points in North Carolina. It’s a smaller lead among a slightly smaller share of the electorate than Harris has over those early voters.

Persons: Donald Trump's, Ben Kamisar, Steve Kornacki, Donald Trump, Trump, Kamala Harris, Joe Biden, Mark Robinson, we’re, Harris, ”, Bill McInturff, Republican pollster, Jeff Horwitt, Barack Obama, Hillary Clinton Organizations: NBC, White House, Capitol, Trump, New York Times, Siena College, Times, Peach, GOP, Democratic, it’s, Republicans, Republican, Hart Research Associates, Wall Locations: Georgia, North Carolina, Siena, Democratic Atlanta, Charlotte, Raleigh, Durham, it’s Georgia, Michigan , Pennsylvania, Wisconsin, —

But it’s something politicians have struggled with achieving on their own — particularly amid an election cycle in which many young voters find themselves jaded with politics as a whole. Overall, young voters are not very optimistic right now, according to NBC News’ Stay Tuned Gen Z poll of over 2,600 voters under 30 in September. Still, Piker’s success as a streamer has been admired by fellow political creators, especially those who are chasing similar progressive audiences. Hasan Piker answering questions and debriefing on daily politics for his Twitch stream on Aug. 14. In recent years, Piker said he’s noticed the online political landscape change.

Persons: Hasan, Piker, Ilhan, —, you’re, ” Piker, ”, Cenk Uygar, Twitch, Austin MacNamara, “ He’s, he’s, ” Sean Wiggs, Hasan Piker, Brock Stoneham, I’ve, Wiggs, “ Hasan, Joe Biden, “, Andrew Tate, influencers, Donald Trump, YouTuber Logan Paul, Tana Mongeau, Kamala Harris, Harris, Tim Walz, he’s “, ” He’s, Alexandria Ocasio, Ro Khanna, I’m, Chappell Roan Organizations: YouTube, NBC, Pew, Turks, Republican, Democratic, Trump, Democratic Party, Democratic National Convention, DNC, Republican National Convention, Minnesota Gov Locations: Los Angeles, Gaza, Arizona, Chicago, Milwaukee, ”, Alexandria, Cortez

Political organizations supporting Vice President Kamala Harris and former President Donald Trump are touting both campaigns' messages of “freedom” as they woo Latinas, a key voting bloc. Against Hillary Clinton in 2016, Trump won just 28% of Hispanic women voters compared to Clinton’s 67%, according to Pew. Also, at least 13 states saw increases in Latina voter registrations when Biden left the race and endorsed Harris, according to TargetSmart CEO Tom Bonier. Republican Mercedes Schlapp, one of the “Latinas for Freedom” organizers, said the issue of abortion is one for states to decide. The group is defining freedom for Latinas as freedom from economic policies they say are "socialist."

Persons: Kamala Harris, Donald Trump, Latinas, Harris, they’ve, Hillary Clinton, Trump, Joe Biden’s, Pew, Stephanie Valencia, Equis, Biden, Tom Bonier, Mercedes Schlapp, Walz, It’s, ”, Ingrid Pino Duran, —, Nydia Velázquez, Kamala, Zoom, Wade, Duran, “, ” Harris, Schlapp Organizations: Pew Research Center, Congressional Hispanic Caucus Institute, Trump, GOP, Conservative, Pew, Equis Research, Democratic, News, Latinas, Freedom, NBC, Associated Press, PODER PAC, Rep, Republicans, Latino Entrepreneurship, Stanford, Conservative Political, Conference, Trump White House Locations: Latina, Texas, Florida, it’s

Lester Holt of NBC News talks with family members of hostages held by Hamas in Gaza. Siegel, 63, recalled some of the conditions inside the vast network of tunnels underneath the Gaza Strip. Israeli military officials told Ruby and Hagit Chen in early March that Itay was believed to have been killed on Oct. 7. “We have no physical evidence that Itay’s not alive.”Aviva Siegel, who was formerly held hostage by Hamas in Gaza, speaks with Lester Holt. Aviva Siegel said she cannot fathom the idea of celebrating what is normally a festive holiday this year.

Persons: Aviva Siegel, Keith, ” Siegel, Lester Holt, “ Keith, I’ve, we’re, ”, “ We’re, Lester Holt ”, Siegel, Jonathan Dekel Chen, Sagui Dekel, Chen, Orna Neutra, Omer Neutra, Yael Alexander, Edan Alexander, Mika Alexander, Edan’s, Andrea Weinstein, Judy Weinstein, Gadi, Hagit Chen, Itay Chen, Haggai, Ruby, Itay, ” Hagit Chen, “, Itay’s, ” Aviva Siegel, …, ” Orna Neutra, ” Jonathan Dekel, Rosh Organizations: NBC News, NBC, United Nations General Assembly, Officials, Hezbollah, Hamas Locations: New York, Gaza, Israel, Iran, Lebanon, Rosh

☆ Caroline Ellison, former FTX exec and Sam Bankman-Fried's ex-girlfriend, sentenced to 2 years in prison
▼ + stars: | 2024-09-24 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

Caroline Ellison, whose testimony helped convict her former boss and ex-boyfriend, disgraced cryptocurrency mogul Sam Bankman-Fried, was sentenced Tuesday to two years in prison for fraud and conspiracy. Ellison, 29, accepted a plea deal to charges of conspiracy and financial fraud in December 2022, a month after FTX spiraled into bankruptcy. Bankman-Fried was convicted of all seven criminal fraud charges against him and sentenced to 25 years in prison. Lawyers for Ellison had asked that she be sentenced to time served and supervised release, citing her cooperation. Ryan Salame, a former top lieutenant of Bankman-Fried, was the first of the FTX executive team to be sentenced.

Persons: Caroline Ellison, Sam Bankman, Ellison, Judge Lewis A, Kaplan, FTX spiraled, Fried, Prosecutors, John Ray, disentangling, FTX, Ryan Salame, Nishad Singh, Gary Wang Organizations: FTX, CNBC, Bankman, U.S, Alameda Research, Super Bowl Locations: U.S, Manhattan, Bahamas, Washington, Caribbean, Bankman

☆ Justice Department accuses Visa of debit network monopoly that affects price of ‘nearly everything’
▼ + stars: | 2024-09-24 | by ( Hugh Son | ) www.nbcnews.com time to read: +2 min

The U.S. Justice Department on Tuesday sued Visa, the world’s biggest payments network, saying it propped up an illegal monopoly over debit payments by imposing “exclusionary” agreements on partners and smothering upstart firms. “Merchants and banks pass along those costs to consumers, either by raising prices or reducing quality or service,” Garland said. They are essentially toll collectors, shuffling payments between the merchants’ banks and cardholders. ″Visa wields its dominance, enormous scale, and centrality to the debit ecosystem to impose a web of exclusionary agreements on merchants and banks,” the DOJ said in its release. “These agreements penalize Visa’s customers who route transactions to a different debit network or alternative payment system.”This is a developing story.

Persons: monopolization, “, General Merrick Garland, ” Garland Organizations: U.S . Justice, Visa, DOJ, “, MasterCard, fintech, Plaid, Mastercard Locations: New York, U.S

☆ Consumer confidence fell more than expected this month
▼ + stars: | 2024-09-24 | by ( Jeff Cox | Jeff Cox Is A Finance Editor With Cnbc.Com Where He Covers All Aspects Of The Markets | Monitors Coverage Of The Financial Markets | ) www.nbcnews.com time to read: +2 min

The board’s Consumer Confidence Index slid to 98.7, down from 105.6 in August, the biggest one-month decline since August 2021. By contrast, the index had a reading of 132.6 in February 2020, a month before the Covid pandemic hit. Each of the five components the organization samples fared worse on the month, with the biggest fall coming among those aged 35-54 and earning less than $50,000. “Consumers’ assessments of current business conditions turned negative while views of the current labor market situation softened further. Consumers were also more pessimistic about future labor market conditions and less positive about future business conditions and future income,” said Dana Peterson, chief economist at The Conference Board.

Persons: Dow, ”, Dana Peterson, Stocks, ” Peterson Organizations: Conference Board, Treasury, Federal Reserve

☆ Fed Governor Bowman explains dissent on rate vote, says she’s worried about inflation
▼ + stars: | 2024-09-24 | by ( Jeff Cox | Jeff Cox Is A Finance Editor With Cnbc.Com Where He Covers All Aspects Of The Markets | Monitors Coverage Of The Financial Markets | ) www.nbcnews.com time to read: +3 min

Federal Reserve Governor Michelle Bowman said Tuesday she thought her colleagues should have taken a more measured approach to last week’s half percentage point interest rate cut as she worries that inflation could reignite. In explaining her rationale, Bowman said the half percentage point, or 50 basis point, reduction posed a number of risks to the Fed’s twin goals of achieving low inflation and full employment. Though Bowman favored a reduction, she preferred the Fed lower by a quarter percentage point, more in line with the traditional moves at the central bank. In recent statements, Fed officials have cited easing inflation and a softening labor market as justification for the cut. At last week’s meeting, individual policymakers indicated they expect another half percentage point in cuts this year and another full point in 2025.

Persons: Michelle Bowman, Bowman, ” Organizations: Federal Locations: Kentucky

☆ Bear makes himself at home under couple's Sierra Madre house
▼ + stars: | 2024-09-24 | by ( Nbc Los Angeles | ) www.nbcnews.com time to read: +3 min

A Sierra Madre couple has few complaints about the reclusive tenant who moved in a few weeks ago. They’ve captured several photos on a motion-activated camera installed by California Fish and Wildlife agents that show what appears to be the face of an older large black bear. “We would wait for the bear to leave the crawlspace,” said Kevin Howells, of the California Department of Fish and Wildlife. About half of the state’s bear population can be found in the Sierra Nevada Mountains and areas to the north and west. Only an estimated 10 percent of the black bear population inhabits central western and southwestern California.

Persons: Bob Nesler, Susan Nesler, “, They’ve, ” Susan Nesler, ”, Kevin Howells Organizations: Angeles National, California Fish, Wildlife, California Department of Fish Locations: San Gabriel Valley, Angeles, California Department of Fish and, Southern California, Nevada, California

☆ Harris leads Trump by almost 40 points among Asian American voters, a new poll shows
▼ + stars: | 2024-09-24 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +4 min

The poll showed that 66% of Asian American voters plan on backing Harris, while 28% say they’ll be voting for Trump. It featured 1,105 Asian American registered voter respondents, and reported a margin of error of plus or minus 5.1 percentage points. Before Harris entered the race, 46% of Asian American voters said they would choose Biden. Meanwhile, 28% of Asian American voters have a favorable opinion of Donald Trump, slightly down from previous polling. Tim Walz was found to be favorable among 56% of Asian American voters, more than twice the percentage that found Republican Sen. JD Vance favorable.

Persons: Kamala Harris, Donald Trump, Harris, Joe Biden, Karthick Ramakrishnan, “ Harris, Biden, ” Ramakrishan, favorability, ” Ramakrishnan, “, ”, Ramakrishnan, Dobbs, Roe, Wade, Hillary Clinton’s, Tim Walz, Republican Sen, JD Vance, it’s Organizations: Trump, Asian American, Data, Pacific Islander American, Pew Research Center, National Opinion Research, Democratic Gov, American, Republican, NBC Asian Locations: America, U.S, NBC Asian America

☆ China central bank releases slate of support measures amid a deepening economic slump
▼ + stars: | 2024-09-24 | by ( Evelyn Cheng | Evelyn Cheng Is A Senior Correspondent With Cnbc. | ) www.nbcnews.com time to read: +6 min

Lynn Song, chief economist for greater China ING, called the repo rate cut announcement “the most important” move made during the news conference. “If we see a large fiscal policy push as well, momentum could recover heading into the fourth quarter.”The headquarters of the People’s Bank of China in Beijing. During his first news conference as central bank governor in January, Pan said the PBOC would cut the reserve requirement ratio. Unlike the Fed’s focus on a main interest rate, the PBOC uses a variety of rates to manage monetary policy. Pan has indicated he would like the 7-day rate to become the main policy rate.

Persons: Pan Gongsheng, Pan, Lynn Song, ”, “, Jiang Qiming, ” Edmund Goh, Goldman Sachs, Li Yunze, Li, Nomura Organizations: People’s Bank of China Gov, China ING, “, U.S . Federal Reserve, People’s Bank of China, China News Service, Getty, Pan, National Financial Regulatory Administration Locations: BEIJING, China, Beijing, abrdn

The Secret Service is heightening security around former President Donald Trump, an agency official said Monday, following the apparent attempt on his life just two months after an assassination attempt at a campaign rally. “Given recent events, the Secret Service is taking a heightened posture in its protection of the former president,” the official said. The new measures appeared to be visible Monday when Trump got off his plane in Pennsylvania and a Secret Service agent followed closely behind. Federal prosecutors recently charged Ryan Wesley Routh, 58, in connection with an apparent assassination attempt on Trump on Sept. 15. Routh was charged a little more than two months after a gunman in Butler, Pennsylvania, shot Trump in the ear during a campaign rally.

Persons: Donald Trump, ”, Trump, Ryan Wesley Routh, Routh, Win McNamee, Butler Organizations: Service, Federal, Trump Locations: Pennsylvania, West Palm Beach , Florida, Florida, Sprankle's, Kittanning, Pa, Butler , Pennsylvania

☆ Student in carving of racial slur on teammate's chest no longer enrolled at Gettysburg College
▼ + stars: | 2024-09-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +4 min

An unidentified Gettysburg College student who allegedly carved a racial epithet on the chest of a teammate is no longer enrolled at the Pennsylvania liberal arts college, the school said over the weekend. "We can report now that the individual who scratched a slur onto another person is no longer enrolled at the College," the parties stated. A spokesperson for the college confirmed it, saying the alleged perpetrator and victim were suspended from the swim team pending the outcome of an investigation. On Friday, The Gettysburgian published a statement from the victim's family. The victim’s family said he was the only person of color at the gathering and that the alleged perpetrator was a trusted friend of his.

Persons: Bob Iuliano, Iuliano, Jamie Yates, Yates, — Organizations: Gettysburg College, Sunday, College, NAACP, Pennsylvania, Human Relations, U.S . Justice Department's Civil Rights Division, Gettysburg, III, Centennial Conference, Division, District Locations: Pennsylvania, Gettysburg

☆ Stock market today: New record highs as Nvidia surge offsets weak consumer sentiment
▼ + stars: | 2024-09-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

A weak consumer confidence reading caused indexes to briefly drop early morning. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Investors reacted with dismay after the latest consumer sentiment reading, with confidence among US consumers logging its largest one-month drop in more than three years. The Conference Board's consumer confidence index came in at 98.7 for September, well below consensus estimates of a 104 reading. Advertisement"It's never good to see consumer confidence fall this much.

Persons: —, Jamie Cox, Jensen Huang Organizations: Nvidia, Service, Harris Financial, Federal Locations: China

☆ Senate Democrats target companies with imbalance in executive pay, taxes
▼ + stars: | 2024-09-24 | 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 EmailSenate Democrats target companies with imbalance in executive pay, taxesSen. Elizabeth Warren and 5 other Democrats have written letters to 35 companies who paid more to top executive than they did to federal taxes – a balance Democrats seek to challenge with next year's tax debate.

Persons: Sen, Elizabeth Warren

☆ An 'AI associate' for PE firms just launched. Here's a look at the pitch deck that helped it raise a $1.5 million seed round.
▼ + stars: | 2024-09-24 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

On Tuesday, Goldman and his cofounder, Shivaal Roy, launched Mako AI after building the startup for about a year. Before cofounding Mako with Goldman, Roy was an early engineering hire at Glean, an AI-enabled enterprise-search startup valued at $2.2 billion. So far, Mako has a handful of clients, including mid-market PE firms and growth-equity firms, including L.A.-based Shamrock Capital and San Francisco firm GroundForce Capital. Advertisement"The most important thing right now is getting this product from a first-year associate to a second-year associate," Goldman said. Here's the pitch deck Mako used to raise its $1.55 million seed round led by Khosla Ventures.

Persons: —, Danny Goldman, Goldman, Shivaal Roy, Mako, hasn't, Blackstone, OpenAI's, Roy, cofounding Mako Organizations: Service, Bain, Co, Business, Khosla Ventures, KKR, Shamrock Capital, GroundForce, Mako Locations: San Francisco

☆ AI startups should brace for a wave of down rounds, investors say. Here's how it might play out.
▼ + stars: | 2024-09-24 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +5 min

Read previewDown rounds and flat rounds for VC-backed startups have hit an all-time high this year since 2014. And AI startups, which have been the darlings of the tech ecosystem since late 2022, aren't exempt from the trend. The deal was seen by some investors as an omen for a wider phenomenon in the AI ecosystem — an impending wave of flat rounds and down rounds. "Investors went crazy for AI startups with zero revenue, at higher valuations, which will be an issue," said Umesh Padval, managing director at Thomvest Ventures. Down rounds are on the riseIn 2022, 90.2% of AI startups in the US raised up rounds, while 6.5% raised down rounds, according to PitchBook data.

Persons: —, we've, Andreas Riegler, Umesh Padval, Padval, Francesco Ricciuti Organizations: Service, Microsoft, Business, Big Tech, APEX Ventures, Jasper, Google, Thomvest Ventures, Runa Locations: London

☆ Mark Cuban says Trump's call for 200% tariffs on John Deere tractors is 'insane' and a 'good way to destroy a legendary American company'
▼ + stars: | 2024-09-24 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewBillionaire investor Mark Cuban doesn't think former President Donald Trump's call for 200% tariffs on agriculture equipment company John Deere is a good idea. Cuban was weighing in on the 200% tariff that Trump said he would impose on John Deere. But imposing such a hefty tariff on John Deere, Cuban said, would be counterproductive. But tariff Chinese manufacturers 10 or 20%, so that the Chinese products will be cheaper to sell in the US than the American company," Cuban wrote on X.Advertisement"Good way to destroy a legendary American company and increase costs to American buyers," he continued. AdvertisementCuban and representatives for Trump and John Deere did not immediately respond to requests for comment from Business Insider sent outside regular office hours.

Persons: —, Mark Cuban doesn't, Donald Trump's, John Deere, Cuban, Trump, they've, I'm, Kamala Harris, Harris, CNBC's, I've, Andrew Ross Sorkin, She's, Maria Bartiromo, Bartiromo Organizations: Service, Cuban, Trump, Business, Democratic, Fox News, Business Insider Locations: Smithton , Pennsylvania, Mexico, United States, Dubuque , Iowa, Ramos, American, China

☆ A millennial has been looking for a tech job for over a year after being laid off. He says AI and being Black have worked against him.
▼ + stars: | 2024-09-24 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +9 min

The ratio of job openings to unemployed people — an indicator of job availability — has declined considerably over the past two years. As a Black man, Jared said he thinks it's likely he's also faced some discrimination on his job hunt. AdvertisementJared said he also suspects that being a Black man has sometimes worked against him during job interviews. AdvertisementInterviewing can be a difficult skill to masterA competitive job market and discrimination during the hiring process aren't the only reasons Jared thinks he's struggled to land a job. While Jared feels he has a pretty good handle on the job market challenges he's facing, he said that sometimes, certain developments can perplex him.

Persons: —, Jared, he's, who's, What's, it's, George Floyd, haven't, wasn't, he'd, hadn't, I'm Organizations: Service, Business, LinkedIn Locations: New York, California

Take a look below at the stocks we found that have formed golden cross patterns, according to FactSet data. McDonald's McDonald's made the screen. Goldman Sachs on Monday reiterated its neutral rating but lifted its price target on McDonald's shares by $41 to $325, which implies 8.7% potential upside. Cisco Systems Cisco Systems shares are up about 3.8% this year and made the cut. Analysts polled by FactSet have an average price target of $83.79, which forecasts less than 1% upside for shares according to Monday's close.

Persons: Dow, McDonald's McDonald's, McDonald's, Goldman Sachs, Christine Cho, Pierre Ferragu, Monday's, Wells, Wells Fargo Organizations: McDonald's, Cisco Systems, Nasdaq, Cisco Systems Cisco Systems, CF Industries, FactSet Locations: Monday's, Wells Fargo

☆ Stocks making the biggest moves premarket: Visa, Starbucks, Salesforce, Lowe's and more
▼ + stars: | 2024-09-24 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Starbucks — The coffee house chain moved 1.6% lower after Jefferies downgraded the stock to underperform from hold and cut its price target. BioNTech — U.S.-listed shares of the German biotechnology company rose 2.7% on the heels of a Morgan Stanley upgrade to overweight from equal weight. Pinterest — The image sharing company rose more than 1% after Oppenheimer initiated coverage of the stock with an outperform rating. GE Vernova — Shares gained nearly 1% after Guggenheim initiated coverage of GE Vernova with a buy rating, saying that it is "still in the early stages of a multi-year improvement in profitability." Analyst Joseph Osha's $300 price target implies a roughly 19% increase from Monday's closing price for the stock.

Persons: Jefferies, Piper Sandler, Lowe's, Oppenheimer, Morgan Stanley, BioNTech, Joseph Osha's, —, Sarah Min, Michelle Fox, Pia Singh, Sean Conlon, Jesse Pound, Fred Imbert Organizations: Thor Industries, Arlo Technologies, Visa, Bloomberg, Justice Department, Citi, Mastercard, Federal Reserve, GE, Guggenheim Locations: U.S, China, —

☆ As interest rates drop, ultra-rich investors are giving up their cash for risk assets. Here's what they're buying.
▼ + stars: | 2024-09-24 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Citi Private Bank's latest Global Family Office survey showed that family offices had already been moving into risk assets well before the central bank began cutting. Citi Private Bank's latest Global Family Office survey. Related storiesSo far, the move toward equities has translated into a rush for big tech's AI, which remains a favorite among family offices. AdvertisementWhen it comes to real estate, family offices often prefer private investments. AdvertisementFixed incomeThe number one goal for any family office is the preservation of capital.

Persons: —, Richard Weintraub, Bank's, haven't, Weintraub, REITs Organizations: Service, Citi, Bank's, Business, Treasury Locations: American

☆ Property stocks in Hong Kong rally on homes mortgage stimulus
▼ + stars: | 2024-09-24 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +3 min

Chinese property stocks rallied on Tuesday after top financial regulators vowed a range of monetary easing measures to provide some relief for millions of families and boost a recovery in the real estate market. During a high-level press conference Tuesday morning, People's Bank of China Gov. Hang Seng Mainland Properties Index surged as much as 5% when Hong Kong markets opened shortly after the announcement was made. Chinese policymakers have been ramping up support to reduce household's financial burden and shore up the troubled real estate sector. Homeowners could also be allowed to refinance with a different bank for the first time in years, the outlet reported.

Persons: Pan Gongsheng, Pan, William Wu, Bruce Pang, Pang Organizations: People's Bank of China Gov, Mainland Properties, Longfor Group Holdings, China Overseas Land & Investment, Daiwa, Bloomberg Locations: Beijing, Hang, Hong Kong, China, JLL

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