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☆ Trump is building his power at home while global leaders dread his return
▼ + stars: | 2024-01-19 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Trump has invigorated an initially lackluster White House bid by leveraging his multiple criminal indictments to create a narrative of political persecution. On Thursday, CNN’s congressional team reported that senators trying to cut an immigration deal with the White House are running into a problem: Trump. The aid measure is being held up by the immigration showdown to which it was linked — perhaps unwisely many Democrats now think — by the White House. It has caused particular consternation in Europe after the transatlantic alliance was constantly rattled by Trump during his White House term. That’s likely to be a pale imitation of what awaits if he gets back to the White House.

Persons: Donald Trump, Trump, Ron DeSantis, Nikki Haley, Haley, Kevin Roberts –, “, can’t, Kamala Harris, Joe Biden’s, Biden, he’s, ”, Sen, Kevin Cramer, Trump’s, Vladimir Putin, Mike Quigley of, Jim Sciutto, CNN Max, Putin, Michael McFaul, Obama, ” McFaul, ” Trump, Ted Cruz, Marco Rubio, Alejandro Mayorkas, Mike Johnson, Mitch McConnell, reverberations, America’s, Christine Lagarde, Heritage’s Roberts, Roberts, that’s, ” Roberts, Jamie Dimon, ” Dimon, Philipp Hildebrand, Emmanuel Macron, ” Macron Organizations: CNN, Florida Gov, South Carolina Gov, New Hampshire, Trump, Economic, Business titans, Heritage Foundation, Republicans, Capitol, GOP, Representatives, Republican, North Dakota Republican, Ukraine, Democratic, Congressional Ukraine Caucus, White, Spirit of, Homeland, US, Colorado Supreme, America, tony, European Central Bank, NATO, CNBC, ” BlackRock, Swiss National Bank Locations: Iowa, Washington, Ukraine, New, Davos, Swiss, Mike Quigley of Illinois, Moscow, Russian, Spirit of America, Ted Cruz of Texas, Marco Rubio of Florida, Europe, Iran, Paris, Switzerland, it’s, China, United States, France

☆ Inflation isn’t beaten yet and risks of a new price shock are rising
▼ + stars: | 2024-01-19 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

The job is not yet done,” François Villeroy de Galhau, the governor of France’s central bank, said this week in Davos. Those “upside risks to inflation” include supply chain fragmentation, trade protectionism, climate shocks and armed conflicts, according to Gopinath. As soon as central banks start lowering interest rates “people feel better, they start spending more,” she said. Now the bank has to keep interest rates high “for as long as necessary” to put inflation firmly on the path back to 2%, she added. Meanwhile, container shipping costs along many of the world’s busiest trade routes have doubled — and in some cases tripled — since the middle of December, according to data from London-based shipping consultancy Drewry.

Persons: Sergio Ermotti, ”, “ It’s, Galhau, Gita Gopinath, Francois Villeroy de, Stefan Wermuth, Gopinath, Mary Callahan Erdoes, Christine Lagarde, “, Joe Biden, Vincent Clerc, CNN’s Richard Quest, Tobias Meyer, ” Robert North Organizations: London CNN, UBS, Economic, Federal Reserve, International Monetary Fund, Bloomberg, Getty, JPMorgan, Central Bank, IMF, Oxford University, Drewry, Oxford Economics, Maersk, DHL Locations: Iran, Africa, Davos, Switzerland, Red, United States, Europe, United Kingdom, France’s, Israel, Pakistan, British, Yemen, Suez, London, Asia

☆ Will Passports Be Replaced by Biometrics?
▼ + stars: | 2024-01-18 | by ( Christine Chung | More About Christine Chung | ) www.nytimes.com time to read: +1 min

In the year ahead, the use of biometrics — an individual’s unique physical identifiers, such as fingerprints and faces — will be expanded at airports in the United States and abroad, a shift to enhance security, replace physical identification such as passports and driver’s licenses, and reduce the amount of time required by travelers to pass through airports. Biometric technology will be seen everywhere from bag drops at the check-in counters to domestic security screening. This program is currently available at 30 airports nationwide, including Salt Lake City International Airport and Denver International Airport; the T.S.A. said it will expand to more than 400 airports in the coming years. The pilot program is now available at five airports, including La Guardia Airport and Los Angeles International Airport.

Persons: Greg Forbes, Delta’s Organizations: Transportation, Administration, Salt Lake, International Airport, Denver International Airport, Delta Air Lines, U.S . Customs, Border Protection, La Guardia Airport, Los Angeles International Airport Locations: United States, Salt

☆ Falling Domestic Fares and an A.I. Arms Race: What Travelers Can Expect in 2024
▼ + stars: | 2024-01-18 | by ( Christine Chung | ) www.nytimes.com time to read: +21 min

Arms Race: What Travelers Can Expect in 2024 At the start of what promises to be a very busy year, we look ahead at what you’re likely to encounter. With 2023 in the rearview mirror, we look ahead at what travelers will face in 2024. At United Airlines, for example, smarter software can offer rebooking options and issue food and lodging vouchers when a flight is canceled, rather than just rebooking a flight. United Airlines has suspended its flights indefinitely, said Josh Freed, a United spokesman. This year, travelers are expected to choose faraway places and board small ships, according to Virtuoso, the consortium of luxury travel agencies.

Persons: Chanelle, Hayley Berg, ” Ms, Berg, “, Robert W, Mann Jr, ”, Chad Burt, Oren Etzioni, Gilbert Ott, Hopper, Greg Forbes, Delta’s, Neville Pattinson, Mr, Pattinson, biometrics, Laura Lindsay, Joshua Smith, Smith, Laurel Brunvoll, Michael Zeiler, Airbnb, We’ve, Jamie Lane, ‘, ’ ”, Jan Freitag, “ We’ve, David Whiteside, Brian Kelly, Guy, Leigh Rowan, “ There’s, Kelly, Rowan, ” Mr, James Thornton, Sharm el Sheikh, Khaled Ibrahim, Harry Rubenstein, Rubenstein, Eyal Carlin, Josh Freed, Jack Ezon, Tom Marchant, Beth McGroarty Organizations: World Tourism Organization, International Air Transport Association, Analysts, Express Global, ”, airfare, University of Washington, United Airlines, Transportation, Administration, Salt Lake, International Airport, Denver International Airport, Delta Air Lines, U.S . Customs, Border Protection, La Guardia Airport, Los Angeles International Airport, biometrics, Thales, Air, American Airlines, Global, “, —, MidX Studios, LivSmart Studios, Hilton, Hyatt Studios, Accor Hotels, Boston University, Visa, Mastercard, Walmart, Target, Savanti, Chase, Intrepid Travel, Amisol Travel, East Travel Alliance, United, Consumers, Ki’ama, Wellness, Global Wellness Institute Locations: United States, Point.me, Salt, North America, London, Rome, Tokyo, Cancún, Las Vegas, Cayman Islands, Polynesia, Europe, Norway, Denmark, Air Canada, Bergen, Flam, Scandinavia, Italy, France, Malta, Slovenia, Maryland, Spain, Portugal, Britain, Egypt, India, Mexico ; Cape Girardeau, Mo, Niagara Falls, N.Y . Texas, Burnet, Sulphur Springs, New York, Vienna, Marriott, Israel, Jordan, Oman, Oman —, Tunisia, Northern Africa, Sharm, Cairo, Amisol Travel Egypt, Jerusalem, Tel Aviv, Ramle, Kimberley, Western Australia, Mitre, Patagonia, Ki’ama Bahamas, Bahamas, South Africa, Hudson, Tuxedo Park, N.Y, Malibu , Calif, Mexico

☆ Dollar holds near one-month peak as dovish Fed bets recede
▼ + stars: | 2024-01-18 | by ( ) www.cnbc.com time to read: +2 min

The dollar held close to a one-month peak versus major peers on Thursday after robust U.S. retail sales data overnight added to building expectations the Federal Reserve will not rush to lower interest rates. Australia's dollar weakened after data showed an unexpected decline in employment. Traders have trimmed the odds of a first Fed rate cut by March to 53.8%, down from 63.1% on Tuesday, according to CME's FedWatch Tool. ECB President Christine Lagarde told Bloomberg there would likely be majority support among ECB officials for an interest rate cut in the summer, although she stressed they would be data-dependent. Elsewhere, the Australian dollar weakened after data showed a 65,100 drop in jobs for December, where economists had forecast a 17,600 increase.

Persons: CME's, Christopher Waller, Tony Sycamore, Sycamore, Christine Lagarde, Sterling Organizations: Reserve, U.S, hawkish Bank, Japan, Traders, IG, Bloomberg, Bank of England, British, greenback Locations: Japan

☆ 'Sister Wives' star Meri Brown hard-launches her new boyfriend a year after Kody Brown split
▼ + stars: | 2024-01-17 | by ( Esme Mazzeo | Palmer Haasch | ) www.businessinsider.com time to read: +7 min

"Sister Wives" star Meri Brown, formerly Kody Brown's first legal wife, has a new boyfriend. AdvertisementTLC's "Sister Wives" star Meri Brown was there from the start of Kody Brown's polygamous family and remained with him through many ups and downs. Meri Brown and Kody Brown. Meri Brown, Janelle Brown, Kody Brown, Christine Brown and Robyn Brown Frederick M. Brown/Getty ImagesIn a season 18 episode of "Sister Wives," Meri discussed her move to Utah with Robyn, remarking that she didn't think Kody would "give a crap" about her moving to Utah. Robyn Brown, Janelle Brown, Meri Brown, and Christine Brown.

Persons: Meri Brown, —, Meri, Kody Brown, Kody's, Janelle Brown, Kody, Robyn Brown, Sukanya Krishnan, hadn't, " Meri, Robyn, Christine Brown, Janelle, Robyn Brown Frederick M, Brown, she'd, Jenn Sullivan, Gabe Ginsberg, they've, she's, Amos, He's, I've, we've Organizations: Service, Utah's Zion, Park Locations: Kody, Utah, Flagstaff , Arizona, Flagstaff, Parowan , Utah, Lizzie's, New York City, California, Arizona

☆ Christine Tan: Ambition Has To Go Beyond One's Generation
▼ + stars: | 2024-01-17 | 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 EmailChristine Tan: Ambition Has To Go Beyond One's Generation"The one thing that resonates with me is that ambition has to go beyond oneself." Managing Asia anchor Christine Tan shares what ambition means to her.

Persons: Christine Tan Locations: Asia

Zelensky and Trump loom over DavosTwo people are having an outsize impact at the World Economic Forum, and one of them isn’t even there. One is Volodymyr Zelensky, Ukraine’s president, who put on a full-court press of business and global leaders at the forum in Davos, Switzerland. Zelensky isn’t the only leader at Davos worried about Trump. The Ukrainian leader has sought to shore up global business support. And the annual wine tasting hosted by Anthony Scaramucci, the financier and former Trump official, well, ran out of wine.

Persons: Volodymyr Zelensky, Donald Trump, Zelensky, Vladimir Putin, Andrew, Trump, Putin, “, ” Zelensky, Republican Party ”, DealBook, thumped, JPMorgan Chase, Steve Schwarzman, Blackstone, Ray Dalio, David Rubenstein, Carlyle, Michael Dell, John Kerry, Biden’s, Anthony Scaramucci, Christine Lagarde, Christopher Waller, Nelson Peltz’s, James Gorman, Morgan Stanley, Mary Barra, General Motors —, Bob Iger, Disney’s, Murray Auchincloss, Bernard Looney, Auchincloss, Yi Fuxian Organizations: Trump, Economic, Ukraine, Republican Party, Republican, JPMorgan, Congress Center, Dell, European Central Bank, Fed, Disney, General, BP, University of Wisconsin – Locations: Davos, Switzerland, Europe, Ukraine, American, Iowa, Bridgewater, China, Beijing, Russia, Britain, U.S, Asia, University of Wisconsin – Madison

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, Rivian, Amazon, Netflix, Ford, Rocket Lab & more
▼ + stars: | 2024-01-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Wednesday's biggest calls on Wall Street: Citi reiterates Apple as buy Citi said it's standing by its top pick status on Apple shares. UBS downgrades Ford to neutral from buy UBS said it sees limited upside to estimates. TD Cowen downgrades Fisker to market perform from outperform TD said it sees too many growing pains for Fisker. KeyBanc initiates Rocket Lab as overweight Key said it sees upside for the rocket satellite company. "We initiate coverage on Rocket Lab USA (NASDAQ: RKLB) with an Overweight rating and $8 price target, reflecting ~50% upside."

Persons: Jefferies, Tesla, Elon, Ford, TD Cowen downgrades Fisker, JPMorgan downgrades Morgan Stanley, Morgan Stanley, it's, Christine Barone, Goldman Sachs, Goldman, Davidson downgrades Teladoc, Key, Evercore, Wolfe, Piper Sandler, TGT, BURL, SolarEdge, Mizuho, William Blair, it's bullish Organizations: Citi, Apple, Huawei, UBS, JPMorgan, Bank of America, Bros, Rocket Lab, Lithia, Dealers, Susquehanna, JetBlue Spirit, Deutsche Bank, Deutsche, EV, CART, Target, Barclays, Boeing, Airbus, Mizuho, Amazon, " Bank of America, Netflix Locations: China, 2Q24, 3Q24, Burlington

Early analyst calls on Wednesday included a downgrade to a legacy automaker and a rerating for a crypto mining stock that won big last year. "As we have parsed through our numbers, we think the road to recovery will be tougher for SEDG from the perspectives of top line, gross margins, and market share," analyst Christine Cho said. Morgan Stanley stock has slipped nearly 8% this year. The firm downgraded Ford to neutral from buy in a Tuesday note and reiterated a $12 per share price target. Ford shares have struggled this year, losing 6%.

Persons: BTIG, Wall, Joseph Spak, Spak, — Brian Evans, Barclays downgrades SolarEdge, Christine Cho, Cho, SolarEdge, JPMorgan downgrades Morgan Stanley, Morgan Stanley, Ted Pick, Kian Abouhossein, UBS downgrades Ford, Ford, Jim Farley's, Gregory Lewis, Lewis, MARA 1Y, MARA, Fred Imbert Organizations: CNBC, UBS, Ford Motor, Barclays downgrades, Barclays, SolarEdge, Enphase Energy, JPMorgan, Ford, U.S, General Motors, Crypto, Marathon, Marathon Digital, BTC Locations: U.S, Tuesday's

☆ How a mom spends $112 at Costco for her family of 4, from Starbucks creamer to $5 rotisserie chicken
▼ + stars: | 2024-01-17 | by ( Christine Ma-Kellams | ) www.businessinsider.com time to read: 1 min

Kirkland Signature tilapia pairs well with miso. I marinate my Kirkland Signature tilapia in miso and mirin. Christine Ma-KellamsIf I don't have the time or money to order Nobu's black cod with miso, I make the next best thing: three-ingredient miso-glazed tilapia. I spread equal parts miso paste and mirin over Kirkland Signature tilapia filets, marinate them overnight, and bake at 400 degrees Fahrenheit for 20 minutes. A $20 eight-pack of filets, typically around 3 pounds, is enough for at least two meals for my family of four.

Persons: Christine Ma Organizations: Kirkland Locations: miso

☆ Dollar at one-month high as rate cut expectations ease on Fedspeak
▼ + stars: | 2024-01-17 | by ( ) www.cnbc.com time to read: +2 min

The dollar index hovered at a one-month high against a basket of currencies on Wednesday as remarks by Federal Reserve Governor Christopher Waller dampened expectations for a March rate cut. "I will need more information in the coming months confirming or (conceivably) challenging the notion that inflation is moving down sustainably toward our inflation goal," before backing rate cuts, he said on Tuesday. Market expectations of a rate cut in March have eased to a 62.2% chance versus an 76.9% view in the prior session, according to CME's FedWatch Tool. "Rate cuts are coming but not as soon as some might be hoping for," Sycamore said. Meanwhile, the euro was hanging near a one-month low at $1.0875 after its steepest one-day percentage drop in two weeks, following comments from several ECB policymakers this week that maintained uncertainty over the timing of rate cuts.

Persons: Christopher Waller, Waller, CME's, Tony Sycamore, Christine Lagarde, Sycamore, Sterling, Rodrigo Catril Organizations: Federal Reserve, IG, European Central Bank, Treasury, Bank of Japan, National Australia Bank Locations: U.S, Asia

FRANKFURT, Germany (AP) — Cutting interest rates too soon could threaten Europe’s progress in battling the inflation that has ravaged the economy, the head of the European Central Bank said Wednesday amid widespread speculation that the bank soon will lower rates from record highs. But higher prices have spread through the economy in the form of high prices for services and higher wages. Meanwhile, sluggish economic growth and the impact of higher interest rates on economic activity have sparked bets on rate cuts. Higher rates are the typical antidote to high inflation because they make it more expensive to borrow and buy things, reducing demand for goods. “The first question for next week's European Central Bank meeting is how the bank will react to current market pricing,” Brzeski wrote in a preview of the meeting.

Persons: Christine Lagarde, Lagarde, Carsten Brzeski, ” Brzeski, “ Organizations: European Central Bank, Bloomberg, ECB, U.S . Federal, Wall Street, Union, ING, Central Bank Locations: FRANKFURT, Germany, Davos, Switzerland, Israel, Europe, Ukraine

☆ Trump’s landslide Iowa win is a stunning show of strength after leaving Washington in disgrace
▼ + stars: | 2024-01-16 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

CNN —Former President Donald Trump’s huge win in the Iowa caucuses on Monday enshrines one of the most astonishing comebacks in American political history. His MAGA-hat wearing crowd greeted him with chants of “Trump, Trump, Trump” beneath two vast screens reading “Trump wins Iowa!”But the ex-president’s rebound is more stunning for another reason. Trump’s Iowa victory also sharpens the collision between the 2024 election and his legal imbroglio. His unhinged behavior, incessant shattering of rules and challenges to the law reinvigorated a brand perfectly tailored to Republican voters who despise “elites” in politics, government and the media. Trump’s victory will also give Russian President Vladimir Putin another reason to prolong the bloody war in Ukraine.

Persons: Donald Trump’s, Trump, ” Trump, MAGA, “ Trump, “, he’s, Joe Biden’s, ”, Ron DeSantis, Nikki Haley, Haley, DeSantis, it’s, Biden, Kari Lake, “ It’s, Donald Trump, Scott Jennings, —, E, Jean Carroll, don’t, GOP —, CNN’s Manu Raju, Tim Scott, Sen, John McCain, Jimmy Carter, Doug Burgum, Trump’s, America’s, Christine Lagarde, Vladimir Putin, he’d, Putin, Volodymyr Zelensky Organizations: CNN, GOP, Trump, “ Trump, Iowa, Capitol, Republican, Florida Gov, South Carolina Gov, Senate, Republican Party, Republican National Committee, North Dakota Gov, White, European Central Bank, NATO Locations: Iowa, Manhattan, week’s, Hampshire, Arizona, ” Iowa, Trump’s Iowa, Carolina, Des Moines, France, Europe, Ukraine

Results: The Most Detailed Maps of the Iowa Republican CaucusesTrump DeSantis Haley Ramaswamy Other Trump DeSantis Haley Ramaswamy Other No vote estimates available. No resultsFormer president Donald J. Trump won the Iowa caucuses on Monday, with The Associated Press calling the race for Mr. Trump less than an hour after caucusing began. This is the most detailed vote data available for the first 2024 presidential election contest. vote share Lower income areas — — Higher income areas — — Areas with fewer college graduates — — Areas with more college graduates — — Rural areas — — Suburban areas — — Urban areas — —Trump’s supportEach dot in the charts below represents one neighborhood’s caucus precinct. Income One precinct Precincts in … Lower income areasHigher income areasEducation Areas with fewer college graduatesAreas with more college graduatesPopulation density Rural areasSuburban areasUrban areas

Persons: Haley Ramaswamy, Trump, Donald J, caucusing, Mr, Nikki Haley, Ron DeSantis, Haley, DeSantis Organizations: Iowa Republican, Trump, Associated Press, Republican, South, —, Iowa Locations: Iowa, South Carolina, Florida, …, Des Moines

☆ ‘Oh No, They’re Both Gone’: Beloved Maine Fishing Shacks Tumble Into Bay
▼ + stars: | 2024-01-15 | by ( Christine Hauser | ) www.nytimes.com time to read: 1 min

The fishing shacks that once perched on the rocks at Willard Beach in South Portland were part of a childhood that Maureen Connolly described on Monday as “quintessential Maine.”The shacks, with lobster buoys hanging from their walls, had served as a backdrop for photographers and painters inspired by the rocky coastline, with its sailboats drifting by and dinghies bobbing in the water. The shacks, which were at least 150 years old, are no more. On Saturday, the last of them were swept into Casco Bay by surges of wind and water from a powerful East Coast storm. Ms. Connolly and others with a connection to South Portland learned of their destruction in a widely shared video of them tumbling into the water.

Persons: Maureen Connolly, Connolly Locations: Willard Beach, South Portland, Maine, Casco Bay

☆ The asset management business is built on momentum, says Singapore's Keppel
▼ + stars: | 2024-01-15 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe asset management business is built on momentum, says Singapore's KeppelLoh Chin Hua, CEO of Keppel, explains to CNBC's Christine Tan the conglomerate's vision of becoming a global asset manager.

Persons: Singapore's Keppel Loh Chin Hua, Keppel, CNBC's Christine Tan

☆ 'Sister Wives' star Christine Brown remarried 2 years after leaving her polygamous marriage with Kody Brown. Here's everything you need to know about her new husband.
▼ + stars: | 2024-01-14 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +1 min

"Sister Wives" star Christine Brown has married following her separation from Kody Brown. Ahead of TLC's "Christine & David's Wedding Special," here's all you need to know about the couple. The "Sister Wives" star, who left her husband Kody Brown in 2021, exchanged vows with her fiancé David Woolley in October 2023. The wedding, which took place in Moab, Utah, is being televised in TLC's two-part "Sister Wives" spinoff, "Christine & David's Wedding Special." Here is everything we know about David Woolley and his relationship with Christine Brown.

Persons: Christine Brown, Kody Brown, David Woolley, Christine, —, Kody, Woolley, Robyn Brown, I've Organizations: Service Locations: Moab , Utah

☆ Europe wants to Trump-proof in case of a second term. But that is not an easy task
▼ + stars: | 2024-01-14 | by ( Luke Mcgee | ) edition.cnn.com time to read: +8 min

CNN —Former US President Donald Trump briefly returned as a central character in European politics earlier this week. Multiple EU officials and diplomats noted to CNN that his sudden recollection came at a particularly sensitive time, as the EU attempts to build its own defense capabilities outside of the US-led NATO alliance. Whether Trump actually made these comments or not is largely immaterial to European officials. And his hostility toward the Ukraine war effort has an impact even now, playing into the Republican Party’s reluctance to pass more US funding for Ukraine. Christine Lagarde, head of the European Central Bank, said only this week that Trump’s return would be a “threat” for Europe.

Persons: Donald Trump, Thierry Breton, Trump, Ursula von der Leyen, ” Breton’s, Russia’s Vladimir Putin, Letitia James, Spencer Platt, ”, Joe Biden, Europe’s, Ian Bond, ” Donald Trump, Jim Watson, Angela Merkel, Jesco Denzel, there’s, Christine Lagarde Organizations: CNN, Former, European, Republican, NATO, New York, Getty, Ukraine, “, Trump, EU, Centre, Economic, European Central Bank Locations: Europe, Iowa, Ukraine, New York City, Brussels, EU, United States, America, China, Davos, AFP, Russia, Beijing, Moscow, Charlevoix , Canada, European

☆ Money market funds were hot in 2023. Here's what to expect in 2024
▼ + stars: | 2023-12-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Next year should be another good one for money market funds, even amid anticipated rate cuts by the Federal Reserve, experts predict. An estimated $950 billion has gone into money market funds so far this year, bringing the total net assets to $5.87 trillion as of Dec. 20, according to the Investment Company Institute . The Federal Reserve has indicated three rate cuts for 2024, which means the yields in short-term assets like money market funds and online savings accounts will follow suit. That's because money market funds are competing with bank savings accounts for cash, not necessarily equities and fixed income assets, he said. Certified financial planner Cathy Curtis, founder and CEO of Curtis Financial Planning, would look at money market funds for cash you will need in six months or less.

Persons: Shelly Antoniewicz, Peter Crane, Crane, it's, Christine Benz, Cathy Curtis, Curtis, Kristy Akullian Organizations: Federal Reserve, Crane Data, Investment Company Institute, Federal, Crane, Morningstar, Benz, Curtis Financial, CNBC, BlackRock

☆ Zuckerberg says Threads will dip its toe in the 'fediverse' as it opens to Europe
▼ + stars: | 2023-12-14 | by ( Kevin Collier | ) www.cnbc.com time to read: +5 min

Meta will begin testing a system that allows posts from its microblogging platform Threads to appear on other social media services, CEO Mark Zuckerberg said Wednesday. The fediverse is still tiny compared to Threads, with about 11 million users, the vast majority of them on Mastodon. Adam Mosseri, head of Instagram, wrote on Threads that the platform is starting with the ability to follow Threads users from other ActivityPub platforms, adding that the ability for Threads users to follow accounts from other platforms is in the works. If Threads goes through with full ActivityPub integration, people will be able to follow Threads users and see their posts without having to join the platform (Threads currently forces users to sign up through an Instagram account). Similarly, Threads users will be able to follow users and see posts from across ActivityPub's network.

Persons: Mark Zuckerberg, Zuckerberg, Evan Prodromou, It's, X, Adam Mosseri, Instagram, Mike McCue, Flipboard, Christine Lemmer, Webber Organizations: Meta, Mozilla Locations: Europe, United States, Israel

☆ European Central Bank holds rates and trims its inflation forecast
▼ + stars: | 2023-12-14 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

BRUSSELS, BELGIUM - NOVEMBER 27: Christine Lagarde, President of the European Central Bank speaks during the European Parliament's Committee on Economic and Monetary Affairs (ECON) meeting in Brussels, Belgium on Nevember 27, 2023. (Photo by Dursun Aydemir/Anadolu via Getty Images)The European Central Bank on Thursday held interest rates steady for the second meeting in a row, as it revised its growth forecasts lower and announced plans to speed up the shrinking of its balance sheet. The latest staff macroeconomic projections see average real GDP expanding 0.6% in 2023, from a prior forecast of 0.7%. Headline inflation is meanwhile seen averaging 5.4% in 2023, 2.7% in 2024 and 2.1% in 2025. Members see core inflation, excluding energy and food, averaging 5% this year and 2.7% in 2024, 2.3% in 2025, and 2.1% in 2026.

Persons: Christine Lagarde, Dursun Aydemir, James Smith, CNBC's Joumanna Bercetche Organizations: European Central Bank, European Parliament's, Economic, Monetary Affairs, Getty, ECB, ING Locations: BRUSSELS, BELGIUM, Brussels, Belgium, Anadolu

☆ European Central Bank to focus on shrinking balance sheet as markets bet on rate cuts
▼ + stars: | 2023-12-13 | by ( Annette Weisbach | ) www.cnbc.com time to read: +2 min

Christine Lagarde, president of the European Central Bank (ECB). Bloomberg | Bloomberg | Getty ImagesFRANKFURT — The European Central Bank meets this week with investors closely monitoring to see when the Frankfurt institution might start to cut interest rates. "Nonetheless, markets will probably have to correct some of their overoptimistic rate cut expectations once the ECB has spoken this Thursday." watch nowMoney markets are currently pricing in almost 150 basis points of rate cuts next year. The PEPP, or the Pandemic Emergency Purchase Program, is a flexible bond purchase program introduced during the coronavirus pandemic.

Persons: Christine Lagarde, Holger Schmieding, Isabel Schnabel, Mark Wall Organizations: European Central Bank, Bloomberg, Getty, FRANKFURT, ECB, Reuters, Deutsche Bank Locations: Frankfurt, Berenberg

☆ SmileDirectClub customers are fuming after the company shut down — and left them with unfinished treatments and unpaid bills
▼ + stars: | 2023-12-12 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewSmileDirectClub is shutting down after filing for bankruptcy protection — and some customers say they have unfinished business with the company. The direct-to-consumer invisible aligners company announced it'd be "winding down global operations, effective immediately" with a note on its website Friday. Now, the abrupt shutdown has left some customers wondering how they'll complete their treatment plans and pay outstanding bills. And, the confusion continues on the SmileDirectClub subreddit where customers are looking for answers now that customer care support no longer exists.

Persons: —, it'd, SmileDirectClub, hadn't, Christine Obanor, Obanor, she'd, Audrey, didn't, Alex Fenkell, Jordan Katzman Organizations: Service, Business, Company Locations: Netflix's

☆ I founded a Montessori school and see how kids have 'decision fatigue.' We need to stop giving them so many choices.
▼ + stars: | 2023-12-07 | by ( Christine Carrig | ) www.businessinsider.com time to read: +6 min

I run a Montessori school in Brooklyn and engage with parents and kids regularly. The idea behind giving kids choices is that it will empower them. Giving choices can be goodParenting trends come and go, and at some point, giving kids choices became a parenting practice that was widely promoted. We might be giving kids too many choicesBut ask any parent, working or stay-at-home, at 6 pm what they want for dinner, and most will tell you they don't want to decide. AdvertisementExpecting children to sign off or weigh in on every decision quickly becomes impractical for the parent and the child.

Persons: —, Christine Carrig Organizations: Service, Carrig Montessori School Locations: Brooklyn, California, New York, Brooklyn , NY, Queens , NY

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