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☆ Bloomberg's chief economist shares why there's a 70% chance the US economy is recession-bound — and warns a stock-market sell-off could sink consumer spending
▼ + stars: | 2024-09-24 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Read previewThere's a 70% chance the US economy is either in a recession or headed toward one in the months ahead, according to Bloomberg Economics Chief US Economist Anna Wong. The one that stands out most to Wong is the much-talked-about sustained rise in the unemployment rate. "Initially, in all the recessions, this is how the unemployment rate tends to rise," she said. Another key metric economists watch to judge whether the economy is in recession is consumer spending, which makes up around two-thirds of GDP in the US. LendingTreeWong believes wealthier Americans are spending due to the wealth effect, where high asset prices boost consumer confidence and fuel spending.

Persons: —, Anna Wong, Wong, Louis Fed, Louis Fed Wong, LendingTree Wong Organizations: Service, Bloomberg Economics, Business, Fed Locations: St

☆ Florida braces for potential heavy-hitting hurricane threatening damaging winds and storm surge
▼ + stars: | 2024-09-24 | by ( Susannah Cullinane | ) edition.cnn.com time to read: +5 min

With little time to prepare, Tampa General Hospital began erecting a 10-foot-high flood barrier around the facility Monday because of the chance for storm surge and shifts in the storm’s track. A tropical storm watch was raised Monday afternoon for Florida’s Dry Tortugas and part of the Keys and Monday evening for Bonita Beach to Flamingo, where a storm surge watch is also in effect. Strong, potentially damaging winds and storm surge are likely near where the system ultimately comes ashore. Hurricane and tropical storm watches are already in effect for parts of Mexico and Cuba. The “storm surge, wind, and rainfall impacts will extend well away from the center, particularly to the east of the system.

Persons: Helene, Ron DeSantis, –, Idalia, Mary Gilbert Organizations: CNN, United States ’, National Hurricane Center, Nine . Florida Gov, Tampa General Hospital, NHC, National Hurricane, Carolinas, Weather, Tennessee Locations: Florida, United, Caribbean, Tampa, Bend, Gulf, Mexico, Bonita Beach, Flamingo, Florida’s Big Bend, Louisiana, Central America, Cuba, Jamaica, United States, Florida , Georgia, Alabama, Georgia, Southern

☆ 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

☆ A self-taught engineer at Google shares the 8 best Google programming courses you can access for free
▼ + stars: | 2024-09-24 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +7 min

Many new programmers who start in Gaba's shoes turn to free YouTube videos or their pricey counterpart, programming courses. "I started learning programming very late in my life, around 25, and I was completely confused at the time," Gaba told Business Insider. In the search for alternative resources, Gaba discovered ways to access Google's programming courses for free. AdvertisementAuditing a Google programming course allows you to enroll without receiving credit or a certification. Gaba recommends Google's Machine Learning Crash Course as a great way to dabble in machine learning without being overwhelmed by every algorithm out there.

Persons: —, Sahil Gaba, Gaba, SQL Gaba, GitHub Gaba, It's, Tess Martinelli Organizations: Service, Google, Business, Gaba, Amazon, Trade, Linux, SQL, Big Tech, Cybersecurity Locations: tmartinelli

☆ Thinking about sending your kid abroad for college? Here are 6 tips from college advisors and students for a successful move.
▼ + stars: | 2024-09-24 | by ( Erin Liam | ) www.businessinsider.com time to read: +7 min

Read previewIf you've considered sending your kid abroad for college, you're not alone. Amid soaring tuition fees and a desire to carve out niche college experiences, college advisors Business Insider spoke to have observed that more students and their parents are looking into opportunities to move abroad for college. For example, students can ask themselves if they would prefer living in a college town or a city college. London, for example, is great for students interested in finance, while Stockholm is ideal for students interested in the tech industry, he added. Recognize that other parts of the world operate differentlyWhen applying for college abroad, it's key to take note of the different requirements for your application.

Persons: —, Greg Kaplan, Kaplan, Robert Harry, Harry, It's, Sharon Butler, Butler, Amanda Mrozek, wasn't, Scarlett Kiaras Organizations: Service, Kaplan Educational Group, Colleges, Business, Kent School Locations: London, Stockholm, Europe, Connecticut, America, Flywire, Michigan, Cologne, Germany, Kentucky, Scotland

☆ Coca-Cola is pulling Spiced, its newest ‘permanent’ flavor, from store shelves
▼ + stars: | 2024-09-24 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Coca-Cola is discontinuing the production of its new Spiced flavor just six months after the soda hit shelves, marking the end of a disappointing attempt to attract younger drinkers. “As part of this strategy, we’re planning to phase out Coca-Cola Spiced to introduce an exciting new flavor in 2025,” a spokesperson said. The short lifespan of Spiced Coke is surprising, because the company promoted it as a permanent flavor. Coca-Cola introduced Spiced Coke in February with a splashy ad campaign. The beverage blended the traditional Coke flavor with raspberry notes.

Persons: ”, Coke, DJ Marshmello, Sue Lynne Cha, ” Cha, “, Coke’s Organizations: New, New York CNN, Dreamworld, North America, “, CNN Locations: New York

Piper Sandler upgraded shares of Salesforce to overweight, with its new price target implying upside of more than 20%. Helfstein placed a $45 price target on shares, implying about 48% upside from Monday's close. Along with the downgrade, Low reduced the firm's oil price target to $75 from $80 a barrel. — Samantha Subin 6:02 a.m.: Jefferies downgrades Starbucks to underperform Jefferies is bracing for more troubles ahead for shares of Starbucks . SBUX mountain 2024-06-28 SBUX in Q3 — Samantha Subin 5:45 a.m.: Piper Sandler upgrades Salesforce Piper Sandler is turning more bullish on shares of Salesforce .

Persons: Piper Sandler, Lowe's, Oppenheimer, Jason Helfstein, Pinterest, Helfstein, — Samantha Subin, Jefferies, Keith Devas, Samantha Subin, Peter Low, underperform Jefferies, Andy Barish, Barish, they've, Salesforce Piper Sandler, Brent Bracelin, Bracelin, Brian Nagel, Nagel, it's, Fred Imbert Organizations: CNBC, Oppenheimer, Amazon, Google, Kenvue, Atlantic, Exxon Mobil, BP, Starbucks, U.S, Federal Reserve Locations: China, Salesforce, Monday's

☆ Buying a home just got more affordable for the first time in 4 years
▼ + stars: | 2024-09-24 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +1 min

The income homebuyers need to afford the typical home just saw its first annual decline since 2020. That decline comes as mortgage rates have steadily dipped, a Redfin report says. Homebuyers now need an annual income of $115,454 to afford the median priced home of $433,101. That follows years of declining affordability as mortgage rates soared after hitting historic lows in 2020. The 30-year mortgage rate saw its first annual decline in three years last month, falling to 6.5% from 7.07% the year prior.

Persons: —, Homebuyers Organizations: Service, Business

☆ A market hedge using options with the S&P 500 up nearly 20% for the year heading into October
▼ + stars: | 2024-09-24 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

New all-time highs in the S & P 500 have been welcomed by investors in the wake of the Federal Reserve going big on their first rate cut. The SPDR S & P 500 (SPY) is up nearly 20% year to date, I want to spend some of my remarkable 2024 profits on downside protection in the event a breather to the rally or a downturn is imminent. .SPX YTD mountain S & P 500, year-to-date Measuring risk is always a challenge, specifically when various headwinds exist at the same time. Additionally, this is the richest valuation we have seen in quite some time with the S & P 500 trading at 24 times. I will look to potentially buy the $591 call if we see a 2% move lower in the S & P 500.

Persons: Jamie Dimon Organizations: Federal Reserve, CNBC, NBC UNIVERSAL Locations: U.S

☆ Investors bought the rate cut: Equity flows were highest in nearly 2 years last week
▼ + stars: | 2024-09-24 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Investors bought into the interest rate cut. Equity inflows last week were the largest they had been in roughly two years, according to Jill Carey Hall, equity and quant strategist at Bank of America Securities. The Wall Street bank reported its clients snapped up $6.9 billion worth in stocks, the highest level going back to October 2022. XLU YTD mountain Utilities Utilities were the big winner here. On the other hand, investors dumped financials, real estate and energy stocks last week.

Persons: Jill Carey Organizations: Bank of America Securities, Traders, Federal, Dow Jones Industrial, Utilities Utilities, Bank of, Tech Locations: Bank

The simplest credit card debt management option I've learned is the balance transfer card. He used a business credit card to buy the t-shirts, totes, inks, transparencies, cleaners, and other tools he needed to fulfill orders. Balance Transfer Credit CardsThe best balance transfer credit cards can help you take control of your debt. A balance transfer credit card will make paying off the debt easierThat's where the balance transfer card came in. Credit card companies often offer an interest-free introductory period when you transfer your balance from another credit card company onto their card.

Persons: —, I've, He's, Wells, it's Organizations: Service, Chase, Citi

☆ Astronomers spot the most massive black hole jets ever observed
▼ + stars: | 2024-09-24 | by ( Ashley Strickland | ) edition.cnn.com time to read: +10 min

CNN —Astronomers have observed a massive pair of jets releasing from a supermassive black hole 7.5 billion light-years from Earth. The megastructure spans 23 million light-years in length, making these black hole jets the largest ever seen, according to new research. Black hole jets can accelerate radiation and particles close to the speed of light, causing them to glow in wavelengths visible to radio telescopes. The massive black hole jets could help answer both. Martijn Oei (pictured), lead author of the new study, and his colleagues will continue their search for massive black hole jets.

Persons: Martijn Oei, ” Oei, Europe’s, Oei, “, Aivin Gast, Gast, LOFAR, “ Aivin, Porphyrion, NASA's, Powell, Nelson, Martin Hardcastle, Sasha Tchekhovskoy, ”, Tchekhovskoy Organizations: CNN —, California Institute of Technology, Astrophysics, University of Oxford, NASA, JPL, Caltech, CNN, Keck, NASA's Goddard, University of Hertfordshire, Northwestern University Locations: India, Hawaii, England

☆ 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

☆ Hezbollah is not Hamas. Can Israel afford another all-out war?
▼ + stars: | 2024-09-24 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +11 min

Since October 8, the day after Hamas’ deadly attack on Israel, there has been regular cross-border fire between Hezbollah and the Israeli military. Hezbollah first fired at Israel to protest the war in Gaza, demanding a ceasefire there as a condition to end its attacks. Should Israel enter full-scale war with Hezbollah, experts say it will face a much stronger threat than Hamas – and commensurate costs. “It’s devastating on the Israeli economy, on Israeli society,” Guzansky said, adding that the impacts will live on for years to come. Domestically, while Israelis showed a greater appetite for fighting at the outset of the Gaza war, polls show that domestic support has waned over the last months.

Persons: Israel, –, ”, Yoel Guzansky, Tsur Shalom, Abbas Ahmad Srour, Mohammad Hussein Kassem, Chris McGrath, Hassan Nasrallah, ⁠ Behnam Ben Taleblu, ” Ben Taleblu, Mizrahi, ” Orna Mizrahi, ” Mizrahi, Yoav Gallant, Guzansky, Netanyahu, Mostafa Alkharouf, ” Guzansky, “, Lebanon's, Jack Guez, Amir Yaron, That’s, Moody’s Organizations: CNN, Hamas, Israel, Institute for National Security Studies, National Security Council, Reuters, Military, Ramat, Foundation for Defense of Democracies, Washington DC, IDF, Israel Defense Forces, Israeli, Division, Getty, Organization for Economic Cooperation, Development, Lebanon's Hezbollah, Bank, Israel Democracy Institute Locations: Gaza, Israel, Lebanon, Tel Aviv, Kiryat, Moreshet, Haifa, Aita al Chaab, Israel’s, Iraq, Yemen, –, Ramat David, Lebanese, Iran, ”, Anadolu, Independence, Kiryat Bialik, AFP

☆ September consumer confidence falls the most in three years
▼ + stars: | 2024-09-24 | by ( Jeff Cox | ) www.cnbc.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. "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. The last time the confidence index dropped more came as inflation was just beginning a climb to what ultimately was the highest level in more than 40 years.

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

☆ Bad Bunny's 'La Velita' remembers Hurricane Maria — and serves as a searing indictment
▼ + stars: | 2024-09-23 | by ( Jaylinn Herrera | Jaylinn Herrera Is A Nbc News Associate With The Nbc National News Desk. | ) www.nbcnews.com time to read: +6 min

Bad Bunny is once again using his music to draw attention to his homeland, Puerto Rico, and as a catalyst for activism. Bad Bunny sings in Spanish. Bad Bunny calls out government leaders for “hiding” and showing up only to make appearances but not actually sending any help. Fans across the internet have applauded Bad Bunny for using his platform to bring awareness to what took place. This isn’t the first time Bad Bunny has used his art to spread awareness of the issues facing his homeland.

Persons: Bunny, Una Velita, Tainy, Hurricane Maria, Virgin Mary —, we'll, ”, Bad Bunny, grandpa, Maria, Carlos Calderon, Bianca Graulau, El Tony, “ Organizations: Puerto Rican, Hurricane, Virgin, Puerto Ricans, Hurricanes Locations: Puerto Rico, U.S, Puerto, Hurricane, Puerto Rican, ”, Al, el

☆ A bid to change the electoral math hits a roadblock: From the Politics Desk
▼ + stars: | 2024-09-23 | by ( The Politics Desk | ) www.nbcnews.com time to read: +7 min

In today's edition, our team breaks down a key Nebraska state senator's decision to stand in the way of a Trump-backed drive to change how the state allocates its electoral votes. Trump allies have pushed for a special legislative session intended for the Republican-controlled legislature to change Nebraska to a winner-take-all system instead of awarding electoral votes by congressional district. The developments appear to cap months of deliberations over whether Nebraska lawmakers could change the way the state apportions its electoral votes in a way that would benefit Trump. Nebraska allocates its electoral votes by congressional district, and the swing district around Omaha has twice gone to Democrats in recent years, giving them one electoral vote from an otherwise ruby-red state. But if lawmakers changed that to a winner-take-all model, Trump would be all but certain to win all of Nebraska’s electoral votes.

Persons: Jonathan Allen, Bridget Bowman, Adam Edelman, Katherine Doyle, Allan Smith, Ben Kamisar, Donald Trump, Sen, Mike McDonnell, Trump, Kamala Harris, Mark Murray, Democratic Party — Harris, Harris, —, Biden’s favorability, Harris ’, Trump’s favorability, Trump’s, ”, Jeff Horwitt, J D, Joh, Hou, ari, us jobs, Rea Organizations: NBC, White House, Capitol, Trump, Key, Key Nebraska Republican, Nebraska Republican, Republican, NBC News, Nebraska, Electoral, Democratic Party, Democrats, Democratic, New York Times, aig Locations: Nebraska, Key Nebraska, “, Omaha, Michigan, Pennsylvania, Wisconsin, Siena, Arizona , Georgia, North Carolina

☆ Ex-USC star Reggie Bush sues for money school and others made off him two decades ago
▼ + stars: | 2024-09-23 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

LOS ANGELES — Former Southern California football star Reggie Bush has filed a lawsuit against his school, the NCAA and the Pac-12 in a bid to recoup money made on his name, image and likeness during his career with the Trojans two decades ago. “It’s about setting a precedent for the fair treatment of all college athletes. Bush forfeited his Heisman in 2010 after USC was hit with massive sanctions partly related to Bush’s dealings with two aspiring sports marketers. There is a settlement agreement in place to pay $2.78 billion to hundreds of thousands of college athletes. The NCAA changed its rules in 2021 to allow athletes to make money through sponsorship and endorsement deals after fiercely fighting against it for decades.

Persons: Reggie Bush, Reggie Bush’s, ”, Evan Selik, “, ” Bush, Bush, ” Levi McCathern, USC didn’t, Denard Robinson, Braylon Edwards Organizations: ANGELES, Former Southern California, NCAA, USC, Heisman, Trust, Coliseum, Associated Press, Michigan, Big Ten, NC, Collegiate Licensing Company

Former President Donald Trump plans to return to Butler, Pennsylvania, where he faced an assassination attempt in July, for a rally next month, according to three sources familiar with the campaign’s schedule. Trump has long teased a return to the town where he was shot in the ear during an assassination attempt on July 13. It was not immediately clear whether the Oct. 5 rally will take place at the same venue in Butler. The gunman from the assassination attempt, identified as Thomas Crooks, was shot and killed by law enforcement on July 13. Trump was targeted in a second apparent assassination attempt in West Palm Beach this month when shots were fired near the former president's golf course where he was playing.

Persons: Donald Trump, —, hasn't, Trump, Weeks, Corey Comperatore, Thomas Crooks, Ryan Wesley Routh Locations: Butler , Pennsylvania, Butler, West Palm

KIRYAT BIALIK, Israel — Those who remain in the northern city of Kiryat Bialik are preparing for the worst-case scenario: a full-blown war between Israel and the Hezbollah militant group just across the country’s northern border with Lebanon. Surveying the damage in Kiryat Bialik on Monday, Ilan Itach was counting his blessings that his family and home for more than 30 years had survived the attack unharmed. “The entire family is all right, but they are very afraid,” he said, adding that they had left the city to join relatives in another part of northern Israel. First responders and Israeli security forces gather amid debris and charred vehicles in Kiryat Bialik in northern Israel. “Unfortunately for us in Israel, military confrontation is part of our risk assessment.”Richard Engel and Charlotte Gardiner reported from Kiryat Bialik.

Persons: KIRYAT BIALIK, Israel —, Kiryat Bialik, Ilan Itach, ”, Jack Guez, Benjamin Netanyahu, Israel, Itach, Michael Halberthal, ” Halberthal, Halberthal, ” Richard Engel, Charlotte Gardiner, Yuliya Talmazan Organizations: NBC News, Getty, ., International Organization for Migration, Rambam, Home, Command, Staff Locations: Kiryat, Israel, Lebanon, Israel’s Haifa, Iran, Kiryat Bialik, AFP, Gaza, ”, Haifa, London

☆ China’s youth unemployment hits fresh high amid economic slowdown and restrictive hiring policies
▼ + stars: | 2024-09-23 | by ( Lee Ying Shan | Lee Ying Shan Is A News Associate With Cnbc International Based In Singapore. | ) www.nbcnews.com time to read: +1 min

China’s youth unemployment rate in August rose to the highest level since the new system of record-keeping began in December, driven by an economic slowdown and restrictive hiring policies, according to analysts. China’s urban unemployment rate across all age categories rose 5.3% in August, compared to a 5.2% rise in July. China’s youth unemployment has also been affected by restrictive hiring policies amid a struggling economy as companies are refusing to hire recent college graduates due to the difficulty and costs involved in firing workers in China. This is expensive so no one wants to fire anyone now or hire anyone new,” he noted. “That’s why the [overall] unemployment rate isn’t that bad but the unemployment rate for youths is so high,” Rein added.

Persons: That’s, “ It’s, ”, Dan Wang, Shaun Rein, “, ” Rein Organizations: National Bureau, Statistics, HSBC, China Market Research, “ Locations: China

☆ German voters fend off far-right in latest state vote, early results suggest
▼ + stars: | 2024-09-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

“Dietmar Woidke and his Brandenburg SPD have made a furious comeback in recent weeks,” said SPD General Secretary Kevin Kuehnert. “For us in the federal SPD, this evening, if things go well, the problems that lie ahead of us will not have gotten any bigger. SPD party members and supporters react during the publication of exit polls in Potsdam. Provisional official results suggested it had gained 5.7 percentage points since the last Brandenburg election in 2019. With the Greens failing to re-enter Brandenburg state parliament, Woidke’s SPD cannot continue its coalition with the CDU and Greens.

Persons: Olaf Scholz’s, Scholz, “, ” Scholz, Dietmar Woidke, “ Dietmar Woidke, ”, Kevin Kuehnert, Tobias Schwarz, Woidke, Tino Chrupalla, Sahra Wagenknecht Organizations: Olaf Scholz’s Social Democrats, SPD, State, Politico, United Nations, Brandenburg SPD, ARD, ZDF, Communist, Getty, Provisional, Greens, Free Democrats, CDU Locations: Brandenburg, Germany, Berlin, New York, Ukraine, Potsdam, Russia, Thuringia, Saxony, Europe

☆ Families from Tennessee to California seek humanitarian parole for adopted children in Haiti
▼ + stars: | 2024-09-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +9 min

Reed’s is one of 55 families from Tennessee to California asking the U.S. government for humanitarian parole for some 70 children they’re adopting. But a State Department spokesperson told The Associated Press that other Haitian authorities overseeing the adoption process do not agree. Sherrod Brown, Marco Rubio and Rick Scott, who have written the U.S. State Department and the Department of Homeland Security on their behalf. Gangs forced the children to relocate to southwest Haiti, where their family is running low on food and other basic supplies. “We are not looking to bypass any part of the adoption process.

Persons: Esai Reed, Esai’s, Esai, hasn’t, ”, Michelle Reed, Haiti’s, Reed, Emmerson, “, ” Stéphane Vincent, adoptees ”, Sherrod Brown, Marco Rubio, Rick Scott, William O’Neill, Diane Kunz, ” Reed, Michelle, ” Michelle, they’re, Angela, —, “ It’s Organizations: JUAN, Puerto Rico —, U.S, State Department, Haitian Central, Department, Associated Press, Immigration, U.S . Department of Homeland Security, . Citizenship, Immigration Services, Sens, . State Department, Department of Homeland Security, Kenyan, New, Adoption Locations: Puerto Rico, Haiti, U.S, Caribbean, Florida, Tennessee, California, Port, Haitian, New York, ”, “

☆ Pesto the baby penguin is already taller than his parents. Now he’s a social media star
▼ + stars: | 2024-09-23 | by ( Lilit Marcus | ) edition.cnn.com time to read: +3 min

At just nine months old and 22.5 kilograms (50 pounds), he’s already bigger than his parents at the Sea Life Melbourne Aquarium in Australia. Photos of Pesto – who is 90 centimeters (about three feet) tall – towering over his parents have gone viral online. SEA LIFE Melbourne AquariumPesto’s biological father, Blake, is one of the aquarium’s oldest and largest penguins. But he’s being raised by Tango and Hudson, younger penguins whom Sea Life keepers wanted to try out as parents. Sea Life Melbourne AquariumBut adulthood is already on the horizon.

Persons: CNN —, he’s, Pesto, Michaela Smale, “, ”, Blake, – Organizations: CNN, Melbourne Aquarium, Penguins, Life, SEA, Aquarium Locations: Australia

☆ This trade can hedge against a spike in volatility as election nears, Goldman says
▼ + stars: | 2024-09-23 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The CBOE Volatility Index , or VIX, fell below 16 on Monday and is now flirting with its lowest level since the July doldrums. "Our historical study of volatility shows that the VIX averaged 22 points in October, 4 points above the current VIX level. We believe the low implied volatility, upcoming October earnings season and elections provide an attractive opportunity for investors to hedge a potential rise in volatility," the note said. The options would have a strike price of 18 and expire in November, serving as a bet that expectations of volatility will rise as the election nears. There are no additional losses on the trade if the VIX actually declines instead.

Persons: Goldman Sachs, Arun Prakash, Prakash, VIX, seasonality Organizations: U.S

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