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But as other pandemic Zoomtowns continue to see increases in prices and rents, Austin stands alone in its change of fortune. Housing in Austin has been through so many extreme distortions that nobody really knows what "normal" even means anymore. All told, Austin's housing stock has ballooned by more than 76,000 units since 2020, an 8.34% increase that includes single-family homes, condos, and townhomes. Considering the size of the Austin market, moving the stock of homes by nearly 10% is a colossal feat. Related storiesNobody watching the Austin market should be having flashbacks to the Great Recession.
Persons: Austin, homebuyers, homebuilders, Zillow, Elon Musk, Joe Rogan, Homebuyers, Keith Hughes, I'd, That's, Jason Lewris, Lewris, Doreen Sidney, Austin wasn't, Austin's homebuilders, Freddie, Sean Kelly, Rand, Freddie Mac, Jenny Schuetz, homebuilding, Kelly, he's Organizations: Austin, Oracle, Facebook, Google, Elon, Census, Parcl Labs, Federal Reserve, San Antonio —, Austin ., Freddie Mac, Brookings Institution Locations: California, Austin, Real, Texas, Francisco, San Francisco, San Antonio, Boston
Mortgage rates are expected to drop, which means that it might be a good time to buy a second home. There's no perfect time to buy a home, so I'm more concerned with whether it feels like a good time. So, while mortgage rates are expected to go down this year for primary homes, mortgage rates for second homes might not fall as equally. Still, the Fed rate cut is already impacting mortgage rates, which could benefit second-home mortgages, as well. Barring a big windfall of cash allowing you to buy something outright, there may never be a "perfect" time to buy a home.
Persons: Grams, I'm, Grams —, doesn't, Cheryl Lock Cheryl Lock, Read Organizations: USA, Forbes, MarketWatch, Twitter, LinkedIn Locations: Denver
Lee cites declining margin debt and a dovish Fed as key resons to be bullish on stocks. "We really haven't seen tops until margin debt actually starts to really rollover," Lee said. That "firepower" refers to the fact that FINRA margin debt declined in August to $797 billion, well below its October 2021 peak of $936 billion. AdvertisementThe S&P 500 surged 14% in the first half of 2024, putting this into play. The data shows that since 1950, the S&P 500 has delivered an average second-half gain of 9.8% under such circumstances, with an 83% win ratio.
Persons: Fundstrat's Tom Lee, Lee, , Tom Lee, there's, Lee crunched, Volcker Organizations: Fed, Service, Federal Reserve
I work at my clinic 40 hours a week, but I used to spend a lot of my time documenting patient notes outside those hours. AdvertisementLast fall, I started using Suki AI, an AI-powered voice assistant, to help me make notes from patient interactions. I'm in favor of using AI for notetaking, but do have hesitations about using it for other purposes in the medical field. I signed up to trial Suki AI, which I heard the American Academy of Family Physicians endorsed, and a competitor product. I'm all in when it comes to using AI for transcription and summing up visits, but we have to make sure we have appropriate guardrails when going beyond that.
Persons: , Jennifer J, Bryan, I've, It's, I'd, Suki, I'm, we're Organizations: Service, Hattiesburg Clinic, Business, Mississippi State Medical Association, American Academy of Family Physicians Locations: Mississippi
Read previewEllen DeGeneres took the stage for what she says is her final comedy special in "Ellen DeGeneres: For Your Approval," an hour-long Netflix special that dives into the comedian's fall from grace. First, beauty YouTuber Nikkie de Jager spoke about her negative appearance as a guest on "The Ellen DeGeneres Show." In July of that year, a BuzzFeed News report was published containing allegations from former employees of a toxic work culture on DeGeneres' talk show. Ultimately, DeGeneres said, her "be kind" mantra on "The Ellen DeGeneres Show" put her in a box. "Ellen DeGeneres: For Your Approval" is now streaming on Netflix.
Persons: , Ellen DeGeneres, DeGeneres, Nikkie de Jager, Dory, Wilson Webb, Netflix DeGeneres, Ellen, I've Organizations: Service, Netflix, Business Locations: America
Studying brain health among diverse populationsTo tackle the gap in knowledge, the authors studied participants enrolled in the United States-based All of Us Research Program between May 2017 and June 2022. The authors included only dementia, stroke and late-life depression in their list of brain health outcomes since those are some of the most prominent diseases that affect neurological, psychiatric and cognitive aspects of the brain. Of the 393,041 adults age 51 on average, about 10% belonged to sexual or gender minority groups. Of that subset, 97% identified as a sexual minority and 11% as a gender minority, but these two groups weren’t mutually exclusive. However, the reasons behind this effect remain elusive.”There is no evidence that being a sexual or gender minority alone causes worse brain health, experts said.
Persons: , Shufan Huo, Riccardo Manca, wasn’t, Huo, ” Huo, , Amir Ahuja, Manca, ” Manca, Ahuja, ” Ahuja, won’t Organizations: CNN, Yale University School of Medicine, Brunel University London, Us Research, Los Angeles LGBT Center, Trans Survey Locations: United States
We’ve had challenges getting the prime minister across the line. “We stay up nights trying to figure out a way to get across the line on this ceasefire and hostage deal. And we have spoken out directly about our concern when we’ve seen the prime minister not take steps that we think are necessary to get to that deal,” he said. Vice President Kamala Harris has frequently cited the importance of reaching a ceasefire and hostage deal but hasn’t detailed any new approach in reaching an agreement. “Ultimately the thing that is going to unlock everything else in that region is getting this deal done,” she said last week.
Persons: Biden, Joe Biden, State James Baker, George Mitchell’s, , , Bill Burns, Antony Blinken, Brett McGurk –, Blinken, Benjamin Netanyahu, We’ve, we’re, Jake Sullivan, we’ve, Sinwar, they’re, it’ll, Kamala Harris, “ I’m, I’ve, Yahya Sinwar Organizations: CNN, Hamas, State, United Nations, State Department, CIA, MSNBC, UN Locations: Gaza, Lebanon, East, Northern Ireland, New York, Israel, United States, American, Saudi Arabia
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAfter witnessing friends endure the rigmarole of long-distance relationships, I could see why almost half of them end in breakups. I was about to announce that I had quit my job and booked a one-way ticket to see him. AdvertisementAfter six months Down Under, I found myself in one of the longest long-distance relationships geographically possible. But as a poster girl for long-distance relationships, I can attest that skipping shortcuts to finding a soulmate and leaning fully into vulnerability has given me my dream life and man.
Persons: , couldn't, I'd, blanco, Weeks, I've Organizations: Service, Business, Gipsy, Thames, London Locations: London Heathrow, Sydney, Australia, Soho , London, Waterloo
The measures were significant because Beijing has been holding back on a "bazooka" stimulus even though China's economy has been struggling to stage a convincing recovery post-pandemic. To be sure, this is not the first attempt China has made at boosting its economy in the past few years. However, Beijing's display of resolve also triggered market speculation that it's alarmed and panicked over the state of its economy, which is facing multiple challenges. Related storiesNotably, even on the heels of China's big stimulus announcement, most analysts also think Beijing still needs to do more to boost China's economy, particularly in boosting gloomy domestic demand. "Onshore stocks are a policy- and momentum-driven market, and policy signals don't get much clearer than this," they wrote.
Persons: , Pan Gongsheng, Andrew Rocco, Rocco didn't, Pan, Freya Beamish, Rory Green, Anthony Sassine, Sassine, Rocco, macroeconomy, China's CSI300 Organizations: Service, People's Bank of China, Business, Lombard, Investors, Zacks Investment Research, Global Data.TS, Yahoo Finance, Data.TS Locations: China, Beijing, Swiss, London
While the reputation of the US Secret Service is one of precision, vigilance and security, the reality is more complicated – a high-stress, high-intensity workplace beset by management and logistical issues. (The Secret Service is mandated to protect all foreign heads of state while they are on US soil). “Following the events of July 13, the U.S. Secret Service enhanced our protective model for protectees. According to the Secret Service official, the agency’s attrition rate was 10.26% in fiscal year 2022, 8.78% in 2023, and 8.85% for fiscal year 2024 so far. A USSS spokesman disputed any reports of tension between Secret Service and the Bidens.
Persons: Donald Trump, Butler, , Joe Biden, protectee, USSS, Kamala Harris, Sen, JD Vance, Tim Walz, That’s, ” Anthony Guglielmi, ” Guglielmi, ” Biden, “ They’re, Ronald Rowe, Kimberly Cheatle, “ You’re, Rowe, nodded, Jonathan Wackrow, Trump, Wackrow, Biden, , , Trump’s Butler, CNN’s Whitney Wild Organizations: CNN, Service, Secret Service, San Francisco, Trump, Gov, United Nations General Assembly, Democratic, Republican, Secret, Places, Federal Government, Public Service, Boston Consulting, Washington Post Locations: Butler , Pennsylvania, Florida, San Francisco, Asia, Pacific, San, New York, U.S, Cheatle
China's stimulus package has boosted market sentiment and pushed the Chinese yuan to a 16-month high. But a strong yuan could hurt exports, a key pillar of China's economy, amid weak domestic demand. AdvertisementChina's massive stimulus package for its battered economy has boosted market sentiment and injected confidence into the Chinese yuan. This means $1 could buy fewer Chinese yuan. A strong yuan is bad for exportsEven though a strong yuan signals confidence in China's economy, analysts aren't sure the gains will hold.
Persons: , Pan Gongsheng, Vishnu, Varathan, Larry Hu, Hu, aren't, Pan, Macquarie's Hu Organizations: People's Bank of China, Service, US Federal Reserve, Macquarie Group, Lombard, Bloomberg Locations: Asia, Japan, China, Beijing, Swiss, China's
Following the trade, Jim Cramer's Charitable Trust will own 265 shares of META, decreasing its weighting to 4.4% from 4.56%. As a result, the market is now overbought, with the S & P Short-Range Oscillator climbing to 7.36% as of Tuesday's close. (Anything above a plus 4% indicates the market is overbought; anything below a minus 5% indicates the market is oversold.) META YTD mountain Meta Platforms YTD We're inclined to do some profit-taking. We upgraded Meta shares to a 1 rating on Aug. 2, and they are up roughly 17% since then.
Persons: Jim Cramer's, it's, Jim Cramer, Jim Organizations: Danaher, Federal Reserve, Nasdaq, Dow Jones, Justice, Google, CNBC Locations: China
Engineer Don Kramer is slated to testify as the investigation continues into the implosion of OceanGate's Titan submersible. The Coast Guard opened a public hearing earlier this month that is part of a high level investigation into the cause of the implosion. Coast Guard officials noted at the start of the hearing that the submersible had not been independently reviewed, as is standard practice. Wreckage of the Titan was subsequently found on the ocean floor about 330 yards (300 meters) off the bow of the Titanic, Coast Guard officials said. OceanGate said it has been fully cooperating with the Coast Guard and NTSB investigations since they began.
Persons: Don Kramer, Stockton Rush, David Lochridge, Rush, ” Lochridge, William Kohnen, Bart Kemper, Guillermo Sohnlein, ” Sohnlein, , OceanGate, Titan Organizations: National Transportation Safety, Coast Guard, Titanic, Stockton, The Coast Guard, Hydrospace, Inc, Kemper Engineering, Rush, Polar, NTSB, Associated Press Locations: Washington, Polar, St, John’s, Newfoundland
Though mortgage rates are expected to continue trending down, it's unclear how much further they might drop. 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 Mortgage Rates TodayAverage 30-year mortgage rates are hovering around 5.80% today, according to Zillow data. 15-Year Mortgage Rates TodayAverage 15-year mortgage rates are right around 5%, according to Zillow data. 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.
Persons: you'll, they've, Freddie Mac, it's, They'll Organizations: Federal Reserve, Zillow, Fed Locations: U.S, Chevron
CNN —Andrew Holmes’ images of trucks on Californian highways are sun-drenched, saturated and sharp. Now, Holmes’ works have been brought together in a book — “Gas Tank City” (Circa Press) — alongside a show of the same name at London’s Architectural Association (AA). The drawings that make up the "Gas Tank City" book and exhibition celebrate every inch of the classic American truck, particularly the iconic Kenworth model. While the words “hyperreal” and “photorealistic” are used to describe his work, Holmes points out that the drawings are “completely unlike” photographic images. Together, “Gas Tank City” creates a portrait of life on the road, detached from specificities of time and place.
Persons: Andrew Holmes, Holmes ’, Holmes, Richard Rogers, , ” Holmes, Organizations: CNN, Gas, Press, London’s Architectural Association, AA, Centre Pompidou, , “ Gas Locations: Paris, Bromsgrove, New York City, Los Angeles, California, London, Andrew Holmes In California, England, “ Gas Tank,
Wednesday, September 25, 2024: The Club is trimming this social media holdingGo behind the scenes with Jeff Marks of the CNBC Investing Club as he talks candidly about the market's biggest headlines, analyst calls and holdings in the Charitable Trust—and see up close how he decides when, and if, to take action on stocks.
Persons: Jeff Marks Organizations: CNBC, Club, Trust
AssumptionAn assumable mortgage will let a borrower transfer the mortgage to someone else even if they haven't fully paid it off. Assumable mortgagesIf you have an adjustable-rate mortgage or a government-backed mortgage (including FHA, VA, and USDA mortgages), you might have an assumable mortgage. Finally, if you want to transfer a property into a trust, a mortgage transfer may be able to help, too. Mortgage transfer processIf you think a mortgage transfer is the right move for your needs, follow this step-by-step process. If the lender doesn't approve a mortgage transfer, you will need to explore other options, such as refinancing your mortgage or selling your house.
Persons: You'll, Molly Grace, Molly, Read, Aly J, Yale Aly J, Aly, She’s Organizations: Chevron, Business, Rocket Companies, Indiana University, Yale, Finance, Dallas Morning News, CBS, Forbes, Fortune, Money, Newsweek, US, Wall Street Journal, Yahoo Finance, Mortgage, National Association of Real, Insurance, Texas Christian University Locations: Chevron, Michigan
First dates can feel like job interviews in that you want to present the most appealing version of yourself. Almost half, 49%, of singles have been on a date where the other person didn't ask them a single personal question, according to a new report by dating app Plenty of Fish. The best way to make a good first impression is to focus less on yourself and more on your date, says Blaine Anderson, an Austin, Texas-based dating coach and founder of Dating by Blaine. "If your date mentions they had a crazy day at work, instead of shifting the conversation to your crazy day, you can ask your date what psychologists call a 'support question,' to learn more about what made their day crazy, and how they feel," Anderson says. To make your date feel heard, ask relevant questions that show you were listening.
Persons: Blaine Anderson, Blaine, Anderson, Matt Abrahams, Abrahams Organizations: CNBC Locations: Austin , Texas
The Mugler look resembled another fashion history moment from the 1999. Mitchell Gerber/Corbis/VCG/Getty ImagesJenner’s Mugler moment was just the latest example of a resurging tendency for underwear as outerwear. Dolce & Gabbana got the memo, too, showing satin corsets, garter belts and Madonna-esque cone bras at Milan Fashion Week on Saturday. Jenner has already proved herself a leader in the underwear as ready-to-wear space, forgoing trousers in favor of a pair of tights in 2022. CNN Style is one of the official media partners of Paris Fashion Week.
Persons: Kendall Jenner, Pascal Le Segretain, Lil, Mitchell Gerber, Kristen Scott Thomas, Duchess of, Gabbana, Florence Pugh, Sabrina Carpenter, Jojo Siwa, Dojaka, Joe Maher, Andreas Rentz, Marie Antoinette, Anna Sui, Jean, Paul Gautier, Jenner Organizations: CNN, Milan, British Vogue, Dolce, Gabbana, Paris Locations: Paris, London, Duchess of Cambridge, British
Gold touches record high on rate-cut bets, weaker U.S. dollar
  + stars: | 2024-09-25 | by ( ) www.cnbc.com   time to read: +2 min
Gold bars sit in a vault at the Perth Mint Refinery, operated by Gold Corp, in Perth, Australia, on August 9, 2018. Gold hit a record high on Wednesday, boosted by a softer U.S. dollar and hopes of more interest rate cuts, while investors looked for new signals for the Federal Reserve's interest rate trajectory. Spot gold was steady at $2,658.08 per ounce, as of 0557 GMT, after hitting an all-time high of $2,670.43 earlier. On Tuesday, China announced a slew of support measures including outsized rate cuts, after the U.S. Fed cut rates by 50 basis points last week. Inflows to gold exchange-traded funds, particularly from Western investors, will rise in the coming months, providing further support for record-high bullion prices, analysts said.
Persons: Gold, Kelvin Wong, OANDA's, Wong, Michelle Bowman, Jerome Powell's, heightening Organizations: Perth Mint Refinery, Gold Corp, U.S, Fed, Asia Pacific, Traders Locations: Perth, Australia, China, Beirut
After years of higher yields on cash, the Federal Reserve's shifting policy means lower future returns on savings, certificates of deposit and money market funds. Despite falling rates, investors should still keep emergency funds "liquid," meaning the cash can be easily tapped, financial experts say. Banks use the federal funds rate to lend to and borrow from one another. Meanwhile, the biggest retail money market funds were still paying around 5%, as of Sept. 24, according to Crane Data. If you have been earning 4% to 5% on emergency savings, you could see a "small reduction" in the short term, said Kenealy, who recommends keeping emergency funds where they are.
Persons: Kathleen Kenealy, Banks, Kenealy Organizations: Finance, Data Locations: Woburn , Massachusetts
Hurricane warnings were issued Tuesday for a wide stretch of Florida’s Gulf Coast ahead of Tropical Storm Helene’s anticipated landfall as a major hurricane later this week, forecasters said. Officials in Mexico also issued hurricane warnings for a large section of the Yucatan Peninsula, stretching from the tourist hotspot of Tulum to Cabo Catoche, on the peninsula’s northern tip, the National Hurricane Center said in an afternoon advisory. The storm is expected to strengthen into a hurricane on Wednesday as it moves across the eastern Gulf of Mexico before becoming a major storm Thursday, according to the advisory. Helene's storm surge is expected to raise water levels in Tampa Bay by as much as 8 feet. Helene's large size will likely mean the storm's hazards will hit an extensive area, the advisory says.
Persons: Helene’s Organizations: Officials, National Hurricane Center Locations: Gulf Coast, Mexico, Yucatan, Cabo Catoche, Florida, Mexico Beach, Pensacola, Tampa, Tampa Bay, United States
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
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