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Unless the economic outlook changes, mortgage rates may hold steady for the rest of 2024. If they were to weaken unexpectedly, that could spur the Fed to cut rates more aggressively, which in turn could push mortgage rates down further. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. But now that inflation has decelerated and the Fed is expected to cut rates soon, mortgage rates have trended down. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.
Persons: you'll, They've, they've, Freddie Mac, it's, Fannie Mae Organizations: Fed, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Mortgage, Association Locations: Chevron
OpenAI bleeds C-suite executivesAs OpenAI chases a massive fundraising round, the startup continues to deal with a staff exodus. The nonprofit side of OpenAI will still exist and have a minority stake in the for-profit company, the sources told Reuters. "Given the ambitions of OpenAI, a non-profit structure has been too constraining. AdvertisementThe debate over whether OpenAI should be a for-profit company has been a bone of contention for one very vocal tech industry bigwig — Elon Musk. Park, the corporate law expert, told BI that the for-profit governance structure could also leave OpenAI vulnerable to greater government scrutiny.
Persons: , OpenAI, Mira Murati, Sam Altman's, Murati, Barret Zoph, Bob McGrew, Altman, Greg Brockman, Wojciech Zaremba, Brockman, Ilya Sutskever, John Schulman, Peter Deng, Sutskever, James, I'd, Slack, Gene Munster, She's, Mira, — Elon, Musk, Gary Marcus, Marcus, Musk's, Mark Zuckerberg, xAI, Sam Altman, Munster Organizations: Service, Technology, Business, Microsoft, Nvidia, Wired, University of California, OpenAI, Bloomberg, Deepwater Asset Management, Reuters, Intelligence, Guardian, Meta Locations: It's, OpenAI, Los Angeles
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U.S. crude oil prices fell nearly 3% on Thursday on a report that Saudi Arabia is committed to pressing ahead with production increases later this year. Saudi is prepared to ditch its unofficial oil price target of $100 per barrel, people familiar with the kingdom's thinking told The Financial Times. Saudi officials are ready to increase oil production in December even if the move results in a prolonged period of low oil prices, the people said. Here are Thursday's energy prices:Prices are also under pressure on the expectation that oil production will rise in Libya. Oil prices rallied earlier in the week after Beijing announced a new stimulus package.
Organizations: Financial Times, Beijing Locations: Saudi Arabia, Saudi, Libya, China
CNN —Japan’s ruling party will elect its new leader Friday, and the winner will become the country’s next prime minister. Prime Minister Fumio Kishida is not in the running after his surprise announcement last month that he would step down following a series of political scandals that fueled calls for him to resign. With the upcoming US presidential election, the new prime minister will navigate Japan’s relations with a new American leader at a time of growing security challenges in Asia, including an increasingly assertive China and a belligerent North Korea. Koizumi, 43, is the US-educated, charismatic son of popular former prime minister Junichiro Koizumi, and could be Japan’s youngest prime minister of the post-war period. He sits on the more progressive wing of the conservative party.
Persons: CNN —, Shinjiro Koizumi, Shigeru Ishiba, Fumio Kishida, haven’t, Kishida, , Koizumi, ” Yu Uchiyama, Margaret Thatcher, Shinzo Abe, , Junichiro Koizumi, acceding, Ishiba Organizations: CNN, Liberal Democratic Party, LDP, Partnership, Tokyo University, Reuters, Bank of, NATO Locations: Japan, China, Japan’s, American, Asia, North Korea, Pacific, South Korea, Bank of Japan
New York City Mayor Eric Adams was indicted by federal grand jury amid a corruption probe. AdvertisementNew York City Mayor Eric Adams' administration has been embroiled in turmoil for months. July 2024: Adams served grand jury subpoenasFederal prosecutors subpoenaed Adams, his election committee, and City Hall in July. Advertisement"We have not identified any evidence of illegal conduct by the mayor," Adams' attorneys said at the time. September 26, 2024: Adams indictment unsealedThe 57-page indictment against Adams was unsealed on September 26, detailing serious allegations of corruption, bribery and wire fraud.
Persons: Eric Adams, , Adams, Brianna Suggs, Suggs, Rana Abbasova, Winnie Greco, Greco, Edward Caban, Public Safety Philip Banks III, Sheena Wright, David Banks, Caban, Lisa Zornberg, Zornberg, Thomas Donlon, Ashwin Vasan, Banks, Alexandria Ocasio, Cortez, Damian Williams, Williams Organizations: York City, Service, New York Police Department, Democrat, FBI, Agents, New York Times, Turkish Airlines, Times, City Hall, Associated Press, Public Safety, New York City Schools, New York, NYPD, Democratic New York Rep, New, Southern, of Locations: York, New York City, Brooklyn, manila, Jersey, Manhattan, Turkish, New, Alexandria, of New York
Ted Cruz of Texas and Rick Scott of Florida, with additional TV investments likely to come, according to the committee. “Senate Democrats are expanding the map and going on offense. That’s where Florida and Texas – which have been seen as relative long shots – come into play. Of the two states, Texas – which is at No. 9 on CNN’s ranking of flippable Senate seats – has been seen as a more viable target.
Persons: Ted Cruz of, Rick Scott of, Scott’s, Gary Peters, Cruz, Scott, Sen, Joe Manchin, Donald Trump, Trump, Larry Hogan, Joe Biden, Kamala Harris, Montana Sen, Jon Tester, overperform Harris, Nathan L, Gonzales, Amy Walter, , Colin Allred, Cruz –, Beto O’Rourke, Allred, Ted Cruz, , University of Texas –, Barack Obama, Hillary Clinton, Biden, Democratic Sen, Bill Nelson, Debbie Mucarsel, Powell, he’s, , Republicans ’, Val Demings, GOP Sen, Marco Rubio, CNN’s David Wright Organizations: CNN, Democratic, Democratic Senatorial, Republican Sens, Sens, Michigan Democrat, Democrats, GOP, White, Republicans, That’s, Democratic Rep, NFL, Senate, Baylor University, Texas Politics, University of Texas, Rep, Social Security Locations: Texas, Florida, Ted Cruz of Texas, Rick Scott of Florida, Sens, Cruz, Michigan, West Virginia, Montana and Ohio, Maryland, Montana, Dallas, AdImpact, Ecuador
And it’ll be tough for either Vice President Kamala Harris or former President Donald Trump to turn that around if elected, no matter their grandiose campaign promises. Put together, such investments have resulted in a sharp pick-up in construction spending by manufacturers, according to government data. Manufacturing’s main pain points are sluggish demand and elevated interest rates, according to recent manufacturing surveys by the Institute for Supply Management and S&P Global. And, of course, there are issues specific to certain sectors of the manufacturing industry. It could get better, but it’s not clear whenIt’s not all doom and gloom for the manufacturing industry.
Persons: Joe Biden, Kamala Harris, Donald Trump, Biden, haven’t, hasn’t, Harris, ” Harris, Trump, ” Chris Williamson, ” Timothy Fiore, There’s, ” Lauren Goodwin, Organizations: Washington CNN, Act, Congress, Private, Manufacturers, Labor Department, Institute for Supply Management, P, P Global Market Intelligence, ISM’s Manufacturing, Survey, P Global, Boeing, Federal, New York Life Investments Locations: America, Pittsburgh, Savannah, China, Pennsylvania, Korea, North Carolina, Germany, Georgia
What's good for memory chipmaker Micron Technology is good for stocks tied to data centers and AI-enabled consumer electronics — two tech trends with robust representation in the Club portfolio. The Micron pop led to broad-based early strength in semiconductor stocks and other tech names. Micron CEO Sanjay Mehrotra's post-earnings commentary on HBM demand was particularly striking. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Sanjay Mehrotra's, Mehrotra, , Jim Cramer's, Jim Cramer, Jim, Jeremy Erickson Organizations: Micron Technology, Club, Micron, Nvidia, Devices, Broadcom, TAM, Microsoft, Apple, AMD, CNBC, Bloomberg, Getty Locations: Boise , Idaho
Sometimes status at work is based on the "right" things, like having relevant skills or past experience. Note: Don't ask, "Do I have status here?" It's a vague-sounding question, and you might not get an honest answer because the person you're asking may think it's rude to say no. Your workplace has experienced a major joltSometimes you fail to get promoted because a jolt has disrupted the status hierarchy. If you've experienced a jolt at work: Don't shoot yourself in the foot.
Persons: New York University who's, I've, you've, doesn't, it's, Tessa West, Tessa Organizations: New York University, Twitter
Red flags fly at Tiananmen Square in Beijing, China, on Wednesday, July 10, 2024. Asia-Pacific markets rose on Thursday, with markets in the region rebounding and Chinese markets poised to extend gains. Mainland China's CSI 300 has notched a five-day winning streak, hitting its highest levels in almost two months after Beijing rolled out a slate of economic stimulus measures on Tuesday. Meanwhile, Hong Kong's Hang Seng index is set for a third straight day of gains, according to futures data.
Persons: Hong Organizations: China's CSI Locations: Beijing, China, Asia, Pacific
The event, originally scheduled for August, is where CEO Elon Musk has promised to release a final design and more detailed plans for Tesla's Uber-like self-driving car service. AdvertisementIn typical form, Musk's promise that the robotaxi business was taking shape offset a major earnings miss and juiced Tesla's languishing stock price. Spak wrote. In the same note, Spak raises questions about Tesla Full Self Driving (FSD)'s rate of improvement compared to competitors like Waymo. Advertisement"Tesla's future valuation is highly dependent on its ability to develop, manufacture, and commercialize autonomous technologies," Jonas wrote.
Persons: , Elon Musk, Tesla's Uber, Musk, juiced, Joseph Spak, Spak, Tesla, Morgan Stanley, Adam Jonas's, Jonas, Tesla's FSD Organizations: Service, Business, Tesla, UBS, Hertz, California Locations: Tesla's, robotaxi, Los Angeles
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. These incidents over the past few weeks highlight how US rivals and foes are increasingly challenging the American-led global order as threats multiply worldwide. Russia, Iran, China, and North Korea have deepened their security ties as they simultaneously present Washington and its allies with new dilemmas that strain the US military. North Korea has remained firmly committed to maintaining its nuclear status and strengthening its arsenal despite intense international pressure. Much to the frustration of the US and its Western allies, North Korea has provided artillery and missiles.
Persons: , Michael O'Hanlon, Vladimir Putin, Xi Jinping, SERGEI GUNEYEV, Putin, John Kirby, Pierre Crom, Israel, Kim Jong Un, David Lammy, AP Robert Gates, George W, Bush, Barack Obama Organizations: Service, Business, Brookings Institution, Getty, Russian Defense Ministry Press Service, Ukraine, White, National Security Council, North, renegades, North Korea —, Washington, Korean Central News Agency, Korea News Service, AP, Washington Post Locations: Russia, Iran, China, North Korea, Washington, Hawaii, Japan, Philippines, South China, Pacific, United States, America, Moscow, Russian, Kyiv, Tehran, Gulf of Aden, Gaza, Israel, Red, Korea, Ukraine, NATO, Europe
Donald Trump narrowly captured each on his way to collapsing the Democrats’ vaunted “blue wall” in 2016. Wages going up. Wages going up. I talk to my friends, ‘Your wages going up?’ No. The pandemic-era stimulus checks, which Trump made a point of putting his name on, also come up regularly.
Persons: Hurley Coleman III, ’ ”, Phil Kerner’s, us, ” Kerner, , Barack Obama, Donald Trump, Joe Biden, ” Coleman, Kamala Harris, Hurley Coleman, Coleman, , ” Hurley Coleman Jr, , Phil Kerner, hasn’t, Edward, he’s, Kerner, George W, Bush, Guy, “ I’m, CNN –, CNN ‘, Trump ’ Kerner, I’m, “ It’s, Hurley Coleman Jr, Harris, HJ, He’s, Trump, Biden, that’s Organizations: CNN, Trump, General Motors, GM, of God, atrophied, Phil Kerner CNN, Republican, Democratic National Convention Locations: Saginaw , Michigan, Pennsylvania, Erie, Central Michigan, Erie , Pennsylvania, Saginaw
Read previewIt could be the end of an era for publishers on Snapchat. A fourth said any time publishers get mixed up with creators, it's bad for publishers, adding that their Snapchat revenue was already in decline so the platform had become less of a focus. A few years later, as user-generated content became dominant on social apps like TikTok, the company shifted focus to individual content creators. Advertisement"The way they're structured now is less built to over cater to traditional publishers," a fifth Snap publisher exec said. ESPN on Snapchat Discover SnapchatSome publishers have shifted resources away from Snapchat during a challenging period for the media business as a whole.
Persons: , Snapchat Snapchat, it's, Evan Spiegel, Presley Ann, Getty, Snap's, Spiegel, Digiday, influencers, Ben Reininga, Sophie Crowther, There's, Ben Jeffries Organizations: Service, Big Tech, Business, Publishers, Meta, Google, ESPN, The Daily Mail, CNN, Snapchat, Harvard University, Dollar Locations: Snapchat
UK Prime Minister Keir Starmer touts pro-business agenda
  + stars: | 2024-09-26 | 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 EmailUK Prime Minister Keir Starmer touts pro-business agendaBritish Prime Minister Keir Starmer is touting a new pro-business agenda for the UK after the country's recent deal with BlackRock.
Persons: Keir Starmer Organizations: UK, British, BlackRock
Opinion | Sick of the Electoral College? Stop Whining.
  + stars: | 2024-09-26 | by ( Gail Collins | ) www.nytimes.com   time to read: +1 min
All because of the Electoral College! — Wants to Live in PennsylvaniaDear Wants: Stop whining. Nobody cares if about two million New Yorkers cast votes for Kamala Harris because nobody cares about the popular vote. Blame the Electoral College. The Electoral College was created at the nation’s constitutional convention after a long, long struggle.
Persons: , Kamala Harris, Hillary Clinton Organizations: Electoral, itsy, White, Unfinished Locations: New York, Pennsylvania, Michigan, Wisconsin
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After two years of the double pain of inflation and high interest rates, those things are normalizing. Sure, jobs were plentiful and the economy was growing, but the combination of high prices and high interest rates felt demoralizing. It’s hard to overstate how much interest rates can change the economic mood, Brendan Duke, a senior director for economic policy at the Center for American Progress, told me. And while both Vice President Kamala Harris and former President Donald Trump have proposed ways to increase the housing supply, the process will take years. “There are economic trends like falling interest rates, and there are policies like making an investment in housing supply that can move the needle,” Duke says.
Persons: CNN Business ’, New York CNN —, Matt Phillips, Dow, That’d, Brendan Duke, ‘ it’s, ’ ”, that’s, Kamala Harris, Donald Trump, It’s, ” Duke, they’re Organizations: CNN Business, New York CNN, Dow, Wall, Center for American Progress, National Association of Realtors Locations: New York, Canada, Australia, New Zealand
“The revelation of Jimmy Dillon’s past use of the n-word is unsettling. Sen. Jimmy Dillon, D-Philadelphia. James Robinson / Pennsylvania Senate Democratic Caucus“And African Americans aren’t the only ones subject to his offensive slurs and remarks. Dillon has made disparaging comments about the LGBT and Asian communities.”In a response to the SRCC’s allegations, Dillon denied writing the offensive tweets. It’s not happening,” the spokesperson wrote.
Persons: Sen, Jimmy Dillon, Dillon, , Jimmy Dillon’s, Cody Harbaugh, James Robinson, , “ I’m, MAGA, ” Dillon, John Sabatina, Joe Picozzi, ” Harbaugh, Jay Costa, “ They’re, they’re, Brittany Crampsie, Dillon’s, Organizations: PHILADELPHIA, Pennsylvania Democratic, Pennsylvania Senate Republican, Twitter, Pennsylvania, Democratic Caucus, Republican, Senate Democrat, Senate Democratic, Committee Locations: Pennsylvania, Philadelphia, , Northeast Philadelphia
Higgins' post amplified the debunked pet claim, which was followed by dozens of bomb threats in the city. "All these thugs better get their mind right and their ass out of our country before January 20th," the post concluded. That would be the day Trump and Vance would be sworn into office if they win November's election. Higgins' fellow Republican congressman from Louisiana, Majority Leader Steve Scalise, said, "The tweet has been deleted already and removed, but I object to the motion." Horsford told reporters afterwards that he'd spoken to Higgins earlier and that the Louisiana congressman had told him he would not remove the post.
Persons: Clay Higgins, Higgins, , Donald Trump, Sen, JD Vance, Lol, Trump, Vance, Subodh Chandra, Mike Johnson, , Higgins “, Hakeem Jeffries, Steve Horsford, Horsford, Steve Scalise, ” Horsford, , Kamala Harris, I’m, ” Vance, who's, Jack Smith, Hunt, Lauren Boebert Organizations: Associated, Republican, Haitian Bridge Alliance, Democratic, United States House, , Department of Homeland Security, Capitol, Twitter Locations: Haiti, Caribbean, U.S, Haitian, Springfield , Ohio, Louisiana, Springfield, North Carolina, London, American
Helene was forecast Wednesday evening to become a dangerous Category 4 hurricane before it makes landfall in Florida's Big Bend area Thursday night. This is the biggest storm in the history of the city of Tallahassee to hit us head-on,” Mayor John Dailey told NBC News on Wednesday evening. “If the city of Tallahassee is hit directly by a Category 3 hurricane, it’ll be the strongest hurricane in recorded history ever to hit our community. Tallahassee State College professor Pamela Andrews helps prepare for possible flooding as Hurricane Helene heads toward the Florida Gulf Coast in Tallahassee on Wednesday. Three major colleges, Florida State University, Florida A&M University and Tallahassee State College, have canceled classes for the rest of the week.
Persons: Helene, John Dailey, , Leslie Powell, “ I’m, , Powell, “ I’ve, ” Dailey, Dailey, Pamela Andrews, Sean Rayford, Leroy Peck, Peck, Daniella Silva, Major Thornton III, “ You’ve, ” Major Thornton III, Ahmiyah Phillips, Hurricane Michael, Latoya Williams, can’t, I’ve Organizations: , NBC News, National Hurricane Center, Tallahassee State, Florida Gulf, NBC, ., . Tallahassee International, Florida State University, Florida, M University, Tallahassee State College Locations: TALLAHASSEE, Fla, , Florida’s, Tallahassee, Florida's Big Bend, Florida, Quincy, Gadsden County, Mexico, United States, . Tallahassee
Bernie Moreno, Republican Senate candidate for Ohio, at the RNC in Milwaukee, Wis., on July 16. “Honestly I think Bernie is heading in the right direction but handed Sherrod an opening with that.”Democrats have been hammering Republicans across the country on the abortion issue. Some Republicans warned that the party’s failure to counter abortion attacks cost them crucial seats that year. In 2022, exit polling found Democrats had an 11-point advantage on the issue of abortion. And in this new NBC poll, Harris’ advantage was just under 20 points.
Persons: Chuck Todd, Kamala Harris, Roe, Bridget Bowman, Adam Edelman, Henry J, Gomez, Bernie Moreno’s, Bernie Moreno, Eva Marie Uzcategui, Sherrod Brown, “ Bernie oof, , Moreno, Bernie, Sherrod, Democratic Sen, Jacky Rosen of, Joe Biden’s, Donald Trump, Harris, Gail Gitcho, , Sam Brown, Pennsylvania’s Dave McCormick, Larry Hogan —, Sen, Rick Scott, hasn’t, Trump, Joe Biden, Republican Bill McInturff, Jeff Horwitt, Biden, I’d, Trump’s, it’s, Chuck → That’s Organizations: NBC, White House, Capitol, Gomez Republicans, Ohio, Republican, RNC, Bloomberg, Getty, Democratic, Democrats, Republicans, NBC News, GOP, didn’t, Trump, Hart Research, Biden Locations: Milwaukee, Wis, Ohio, Spanish, Jacky Rosen of Nevada, Florida
WASHINGTON — Vice President Kamala Harris called former President Donald Trump's tariff proposals "a sales tax on the American people," in an interview with MSNBC’s Stephanie Ruhle. "You don't just throw around the idea of just tariffs across the board, and that's part of the problem with Donald Trump," Harris said. The questions came during Harris' first one-on-one interview with a national network since becoming the Democratic nominee. Harris has proposed expanding the child tax credit, creating a tax break for homebuilders and providing a subsidy for first-time homeowners. The interview came shortly after Harris' campaign event in Pittsburgh, where she described her economic priorities.
Persons: WASHINGTON, Kamala Harris, Donald Trump's, MSNBC’s Stephanie Ruhle, Joe Biden, Trump, Harris, Donald Trump, he's Organizations: Democratic Locations: China, Pittsburgh
Transgender influencer Dylan Mulvaney, who documented her transition in her viral "Days of Girlhood" TikTok series, announced her debut book Wednesday. “Paper Doll” will be released March 11. Last year, Mulvaney shot to national attention after a partnership promoting Bud Light's March Madness contest became a culture war flashpoint. “For months now, I’ve been scared to leave my house, I have been ridiculed in public, I’ve been followed, and I have felt a loneliness that I wouldn’t wish on anyone,” Mulvaney said at the time. Mulvaney has since released her debut single, “Days of Girlhood,” along with a music video.
Persons: influencer Dylan Mulvaney, , , ” Mulvaney, Mulvaney, Bud Light's, Rock, Bud Light, I’ve, shouldn’t Organizations: Pride, Transgender Law Center Locations: American,
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