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☆ Spiking bond yields are sowing panic on Wall Street. These 4 charts capture the chaos.
▼ + stars: | 2023-10-05 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

10-year Treasury yields hit a 16-year high Wednesday and are hovering just below 5%. These four charts capture the bond-market chaos of the past few weeks. Over the past 18 months, the Fed has raised borrowing costs from near-zero to over 5%. When borrowing costs rise, older debt with a lower coupon payment becomes less attractive to investors. Again, its movements have been driven by interest rate expectations – because when borrowing costs rise, the buck becomes more attractive to foreign investors seeking juicier yields.

Persons: — Organizations: Service, Treasury, Federal Reserve, Dow Jones, US

☆ Record online discounts are coming this holiday season
▼ + stars: | 2023-10-05 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

And the company predicts the strategy will work, with online holiday sales climbing almost 5% above last year. Retailers are poised to offer up to 35% off listed prices this holiday season, with the deepest discounts applied to toys, electronics and apparel, Adobe said in its annual holiday forecast. Buy Now, Pay Later is expected to drive a record $17 billion in online spending this holiday season, up 17% from 2022, Adobe said. Americans are also doing more and more holiday shopping (and shopping in general) on smartphones and tablets. That means Adobe’s 2023 holiday shopping forecast for solid sales growth would signal a genuine increase in demand from consumers.

Persons: they’re Organizations: New York CNN Business —, Adobe Analytics, Retailers, Adobe, PlayStation, Madden NFL, Amazon, PayPal, Commerce Department

☆ Soaring Treasury yields ignite turbulence throughout markets
▼ + stars: | 2023-10-05 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

Because the $25-trillion Treasury market is considered the bedrock of the global financial system, soaring yields on U.S. government bonds have had wide-ranging effects. Higher Treasury yields can curb investors' appetite for stocks and other risky assets by tightening financial conditions as they raise the cost of credit for companies and individuals. With some Treasury maturities offering far above 5% to investors holding the bonds to term, rising yields have also dulled the allure of equities. Reuters GraphicsWith Treasury yields surging, credit market spreads have widened as investors demand a higher yield on riskier assets, such as corporate bonds. The MOVE index (.MOVE), a measure of expected volatility in U.S. Treasuries, has surged to a 4-month high, signaling expectations for continued Treasury market ructions.

Persons: Andrew Kelly, That's, Saqib Iqbal Ahmed, Davide Barbuscia, Ira Iosebashvili, Nick Zieminski Organizations: United States Department of, Washington , D.C, REUTERS, Treasury, Federal Reserve, Bank of America Global Research, Reuters, Traders, Reuters Graphics, Silicon Valley Bank, Signature Bank, Thomson Locations: Washington ,, U.S, Silicon

While you can repair your credit on your own, many people find the process of repairing credit overwhelming and want to enlist help from a credit repair company. Beguin explains that "a credit sweep is an attempt to remove all negative accounts from your credit report, thereby 'sweeping' your credit report clean." How to choose a credit repair companyWhile you don't need to hire a credit repair company to fix your credit for you, it's important to know how to choose correctly if you decide against a DIY approach. Credit repair cost frequently asked questionsIs it worth paying for credit repair? Paying for credit repair is only worth it if there are significant errors on your credit report that need rectifying.

Persons: Steer, Mark Stewart, Erik Beguin, Stewart, Joe Camberato, Camberato, Beguin, we've, You'll Organizations: Austin Capital Bank, Dovly, Business, Visa, Credit, Lexington Law Locations: Lexington

☆ Judge erupts at Trump's lawyers for wasting time with 'ridiculous' repetitive questions aimed at Trump Organization's ex-accountant
▼ + stars: | 2023-10-04 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +5 min

The judge in Donald Trump's New York fraud case is not happy with the former president's lawyers. AdvertisementAdvertisementDonald Trump's lawyers sparred with the judge overseeing the ex-president's civil fraud trial in downtown Manhattan Wednesday, arguing for their right to ask repetitive questions. Suarez asked. Engoron asked. Engoron asked Bender whether his answer "would be the same for each year."

Persons: Donald Trump's, Justice Arthur Engoron, —, Arthur Engoron, who's, Jesus M, Suarez, Donald Bender, Bender, Bender —, Trump, Engoron, I'm, Alina Habba, Chris Kise, Eric Trump, Letitia James, Donald Trump, Seth Wenig, Trump's, Kise, Kevin C, Wallace Organizations: Service, New, Trump, The New, Mazars, Trump Organization, Trump Organization —, Supreme, AP Locations: York, Manhattan, The New York, Mazars USA

☆ These Dow stocks are bucking the average's negative trend, and analysts love them
▼ + stars: | 2023-10-04 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

But some stocks within the Dow tout a winning streak so far this year, and analysts say they could buck the losing trend of the overall index. CRM YTD mountain Salesforce stock. Shares closed at $199.83 on Tuesday. AAPL YTD mountain Apple stock. Shares closed at $172.40 on Tuesday.

Persons: Dow, Jamie Dimon Organizations: Dow Jones, Dow, CNBC Pro, . Tech, Microsoft, Analysts, Visa, JPMorgan, Apple Locations: OpenAI, Tuesday's, U.S

☆ Who were the 8 GOP members who voted to oust McCarthy?
▼ + stars: | 2023-10-03 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

For the first time in American history, the Speaker of the House has been voted out of office. GOP Rep. Matt Gaetz initiated the motion to oust fellow Republican Kevin McCarthy from the seat. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementFor the first time in American history the sitting Speaker of the House, California Republican Kevin McCarthy, has been voted out of office — and it took eight members of his own party to turn the tide against him. McCarthy has argued Gaetz's move was payback for Gaetz facing a House Committee inquiry into allegations of sexual misconduct and misuse of funds.

Persons: Matt Gaetz, Kevin McCarthy, Gaetz, —, California Republican Kevin McCarthy, McCarthy, Andy Biggs, Arizona Ken Buck, Colorado Tim Burchett, Tennessee Eli Crane, Arizona Matt Gaetz, Florida Bob Good, Virginia Nancy Mace, Carolina Matt Rosendale, Montana McCarthy, — Biggs, Crane, Gaetz's Organizations: GOP, Service, California Republican, Republican, Republicans, House Democrats Locations: California, Colorado, Tennessee, Arizona, Florida, Carolina, Montana, Rosendale

WASHINGTON (AP) — Rep. Kevin McCarthy had support from 208 members of his conference to remain as House speaker. A look at the eight Republicans who voted to remove McCarthy from office, against the overwhelming wishes of their colleagues. REP. ANDY BIGGSBiggs is serving his fourth term in the House representing a strongly Republican-leaning district in Arizona. He said the annual spending bills are critical to cutting spending and getting rid of duplicative programs. It had nothing to do about spending," McCarthy said.

Persons: Kevin McCarthy, McCarthy, Joe Biden, ” McCarthy, “ That's, Reagan, ANDY BIGGS Biggs, Biggs, Donald Trump, ”, KEN BUCK Buck, Buck, Biden, @SpeakerMcCarthy, Burchett, we've, Kevin, ELI CRANE Crane, Tom O’Halleran, ” Crane, MATT GAETZ Gaetz, Trump, Mike Rogers, Gaetz, Matt Gaetz, ” Gaetz, “ Kevin McCarthy, Denver Riggleman, Good, “, NANCY MACE Mace, Mace Organizations: WASHINGTON, —, Democrats, REP, Caucus, Republican Party, McCarthy's, TIM, “, Navy, Democratic, Republican, Alabama Rep, GOP, Denver, The Citadel, Cadets, U.S Locations: Arizona, Colorado, Denver, He's, Tennessee, Tennessee’s, Florida, South Carolina, Montana, Ukraine, U.S, “, Rosendale

☆ It's a tough time for clean energy stocks right now, but Raymond James says one name can buck the downtrend
▼ + stars: | 2023-10-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Clean Energy Fuel 's venture into dairy-based renewable natural gas might just be its saving grace in an industry highly sensitive to interest rates, according to Raymond James. The firm upgraded shares of the renewable energy company to strong buy from outperform, lifting its target price to $6. Clean Energy Fuels is down 25% so far this year as a range of worries drag renewable energy stocks. Year to date, the Invesco WilderHill Clean Energy ETF (PBW) is down over 23%, while the broader S & P 500 has gained over 10%. "We believe that once the Treasury unveils the rules, and investors can straightforward factor in Section 45Z into estimates for 2025 and beyond, Clean Energy shares should re-rate meaningfully higher," he added.

Persons: Raymond James, Pavel Molchanov, Molchanov, — CNBC's Michael Bloom Organizations: Energy, Energy Fuels, Clean Energy, Treasury Department, Treasury Locations: Monday's

☆ The House just took one step closer to firing Kevin McCarthy
▼ + stars: | 2023-10-03 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Republicans just tried to kill Matt Gaetz's motion to vacate, which would kick McCarthy out of his job. AdvertisementAdvertisementThe House just moved one giant step closer to firing the GOP's Kevin McCarthy as speaker of the House. Every House Democrat, along with 11 House Republicans, voted against the effort, ensuring a vote on McCarthy's future will take place shortly. The procedural move tees up a historic showdown: the first House vote to remove a speaker since 1910. Should it succeed, it will be the first time in American history that the House ousts its own speaker.

Persons: Matt Gaetz's, McCarthy, —, Kevin McCarthy, Matt Gaetz, Andy Biggs, Ken Buck, Tim Burchett, Eli Crane, Warren Davidson, Bob Good, Nancy Mace, Cory Mills, Matt Rosendale, Victoria Spartz, Hakeem Jeffries, Jeffries, Joe Biden, Donald Trump Organizations: Democrats, Republicans, Service, Republican, Democrat, Arizona Rep, Colorado Rep, Tennessee Rep, Ohio Rep, Florida Rep, Rep, South Carolina Rep, Montana Rep, Victoria Locations: Florida, Montana, Indiana, Ukraine

☆ House votes to oust Kevin McCarthy as speaker, throwing the chamber back into chaos
▼ + stars: | 2023-10-03 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +9 min

The House voted to vacate the Office of the Speaker on Tuesday, booting Kevin McCarthy from his job. The House, under interim speaker Rep. Patrick McHenry of North Carolina, will now have to hold speaker elections once again, and it's not clear where that will lead. In 1910, House Speaker Joseph Cannon called the motion himself as he faced a mutiny from his own party, daring his own members to oust him. The Saturday measure, while supported by most House Republicans, ultimately passed with more Democratic than Republican votes. Gaetz and dozens of other House Republicans — potentially more than half — oppose sending more aid to the besieged country.

Persons: Kevin McCarthy, Matt Gaetz's, —, Matt Gaetz, McCarthy, Andy Biggs, Ken Buck, Tim Burchett, Eli Crane, Bob Good, Nancy Mace, Matt Rosendale, Republicans —, Patrick McHenry of, there's, What's, Hakeem Jeffries, Angie Craig of, hasn't, Saul Loeb, it's, Joseph Cannon, Newt Gingrich, John Boehner, Gaetz, Joe Biden, could've, McCarthy hasn't, they're, Abigail Spanberger, Spanberger, Jared Golden of, Who's, Tom Emmer, Jodey Arrington, Tom Cole of Oklahoma, Andy Ogles Organizations: Democrats, Service, Republicans, Democrat, Republican, Arizona Rep, Colorado Rep, Tennessee Rep, Florida Rep, Rep, South Carolina Rep, House Republicans, Democratic, Getty, —, Florida Republican, Texas Locations: Florida, Montana, Patrick McHenry of North Carolina, California's, Angie Craig of Minnesota, Ukraine, Virginia, Jared Golden of Maine, Minnesota, Tennessee

The House narrowly voted to oust Kevin McCarthy on Tuesday, dooming the House speaker to a fate that seemed almost guaranteed since he took the gavel in January, with a group of rebels in his conference nipping at his heels. “The office of speaker of the House of the United States House of Representatives is hereby declared vacant,” the clerk announced as the vote concluded. A temporary speaker – Rep. Patrick McHenry of North Carolina – is expected to take over based upon a list of succession that McCarthy submitted in January, according to House rules . But in 2015, McCarthy’s speaker bid abruptly ended amid pushback from right-wing lawmakers who have long seen him as insufficiently conservative. I’m the 55th speaker of the House.”Without McCarthy at the helm, the House is expected to soon vote to elect another speaker.

Persons: Kevin McCarthy, McCarthy, Patrick McHenry of, Patrick McHenry of North Carolina –, McHenry, ”, McCarthy’s speakership, Washington ”, “, Andy Biggs, Ken Buck, Tom Burchett, Eli Crane, Matt Gaetz, Bob Good, Nancy Mace, Matt Rosendale, Gaetz, motioned, it’s, ” Gaetz, ” McCarthy, ” McCarthy’s, McCarthy’s, Hakeem Jeffries Organizations: United States House, Democrats, Washington, Bakersfield, Republicans – Rep, GOP, Republican, California Republican, Florida Republican, Democratic, House Republican Locations: Patrick McHenry of North Carolina, California, –

☆ Cuban entrepreneurs use 'aquaponics' for efficient food production
▼ + stars: | 2023-10-02 | by ( Alien Fernandez | ) www.reuters.com time to read: +2 min

That's why two young Cuban entrepreneurs decided to turn to aquaponics to combine the two in a bid to get more bang for their buck and at the same time bolster the island's dwindling food supply, they told Reuters. Aquaponics is an aquaculture system in which wastewater from farming fish is fed to hydroponically grown plants like lettuce that purify the water. "From fish to the production of food plants, everything is natural," Lopez said on a tour of the facility outside Havana, home to arrays of fish tanks and greenhouses. Cuba is facing its worst economic downturn in decades, leading to shortages in food, medicine and fuel that has prompted the communist-run government to seek help from entrepreneurs in finding creative solutions. "There's a logic to it for young people, becoming entrepreneurs, to want to move forward, to be economically prosperous," said Jose Antonio Martinez, a former attorney who co-owns JoJo Aquaponics.

Persons: Joel Lopez, JoJo Acuaponics, Lopez, Jose Antonio Martinez, JoJo Aquaponics, Martinez, Alien Fernandez, Mario Fuentes, Rosalba O'Brien Organizations: Reuters, Thomson Locations: HAVANA, Cuba, Cuban, Aquaponics, Havana, United

ANAHEIM, Calif. (AP) — Phil Nevin will not return as the Los Angeles Angels' manager next season. Nevin was promoted to the Angels’ top job in June 2022 when Joe Maddon was fired in the middle of a 14-game losing streak. But the Angels didn’t win for him, finishing 46-60 after he took over in 2022 and going 73-89 this season for the franchise’s eighth straight losing record. Although the club didn't formally confirm it, general manager Perry Minasian is apparently staying for a fourth season with the Angels. The club is mired in streaks of eight straight losing seasons and nine straight non-playoff seasons, both the longest active skids in the majors.

Persons: — Phil Nevin, Nevin, Mike Scioscia, Arte Moreno, Joe Maddon, ” Nevin, Francisco’s Gabe Kapler, Buck Showalter, Ohtani, Mike Trout, Moreno, Halos, Trout, Anthony Rendon, Taylor Ward, didn't, Perry Minasian, Minasian, ___ Organizations: Los Angeles Angels, The Angels, Angels, New York Mets, AL West, Ohtani Locations: ANAHEIM, Calif, Angeles, Orange County, Anaheim

Making mistakes doesn't feel great, but they can provide some lessons you might not have learned otherwise. We asked this year's rising stars of Wall Street to open up about the biggest missteps of their careers so far and what they took away from them. Some shared their rookie errors — like slamming their laptop shut after forgetting to save their first big pitch deck or duplicating a trade — while others gave more reflective answers about how early career mistakes impacted their paths. We've got to iterate and change how we do things, and I think that's helped our team's process a lot. So my mistakes also brought me here, and everything that has been a mistake is always a learning experience.

Persons: there's, Luis Arteaga, David Trinh, you'll, Michael Dunn Goekjian, Tori Gilliland, didn't, It's, Andrew Almeida, Thoma Bravo I've, I've, Nadim Laiwala, Rachel Hunter, Goldman, Kristen Powers, Morgan Stanley, Sarah Sigfusson, Shanta Wu, Fred Michel, who's, Morgan, Neil Kamath, Rachel Barry, Chris Dell'Amore, We've, that's, Peter Gylfe, Ricky Mewani, Dominic Rizzo, Rowe Price, Lillian Qian Lin, of, Steve Schwarzman, Peter Peterson, Stephen Schwarzman, Blackstone, Patrick McGoldrick, Katya Brozyna, Michael Wilkinson, Yi Yi, Wells, Luna McKeon, —, Anne, Victoire Auriault, Goldman Sachs Organizations: Barclays, Delta, Barclays Bridgewater Associates, Bridgewater Associates, Apollo Management, Thoma Bravo, Moelis, US, Bank of, Fidelity, JPMorgan, BlackRock Blackstone, Citadel, Blackstone, Jefferies, Citadel Securities, Blue Owl, Goldman Locations: Bank, Evercore, Wells, Americas

☆ As interest rates soar, buy stocks like this homebuilder, Wall Street analysts say
▼ + stars: | 2023-09-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Interest rates keep climbing, but that's not stopping Wall Street analysts from finding a slew of stocks to buy. CNBC Pro combed through top Wall Street research to find stocks that are beneficiaries of high interest rates. HealthEquity "We view HQY as an attractive investment in a higher interest rate environment that can function as a portfolio diversifier," according to Baird analyst Mark Marcon. The firm said as middle market businesses face rising interest rates, Bunge can take advantage. Toll Brothers High interest rates are no problem for the homebuilder, Raymond James analyst Buck Horne said in a recent note.

Persons: Bunge, Baird, Mark Marcon, Marcon, Goldman Sachs, Adam Samuelson, Samuelson, Raymond James, Buck Horne, Horne, homebuilders, TOL, HealthEquity, Morgan Stanley Organizations: CNBC, Bank of America, Toll, HealthEquity, Costco, Evercore ISI, CMA, Catering Locations: HealthEquity, homebuilders, homebuilding

☆ How the Shutdown Holdouts Have Antagonized McCarthy Before
▼ + stars: | 2023-09-29 | by ( Karen Yourish | Lazaro Gamio | ) www.nytimes.com time to read: +3 min

Notably, Representatives Wesley Hunt of Texas and Ken Buck of Colorado came back to Washington at Mr. McCarthy’s request to vote in his favor for speaker. And Representative Marjorie Taylor Greene of Georgia aligned herself with Mr. McCarthy during the speaker fight and was ousted from the Freedom Caucus over the summer. With far-right members of his caucus in revolt over suspending the debt ceiling, Mr. McCarthy was forced to negotiate a deal with President Biden, further enraging the already volatile faction. In another blow to Mr. McCarthy, the bipartisan measure passed with more Democrats than Republicans. They did so to punish Mr. McCarthy for making a deal with Mr. Biden to suspend the debt limit.

Persons: Antagonized McCarthy, Biggs Bishop Boebert Buck Burchett, Gosar Greene Hunt Mace Miller Mills Mooney Moore, Kevin McCarthy’s stopgap, McCarthy’s, Biggs, Gosar Miller, Clyde Donalds Good Harris Luna Norman Perry Roy, Wesley Hunt, Ken Buck, Colorado, Marjorie Taylor Greene, McCarthy, Buck Burchett, Hunt Mace Miller Mills Mooney, Alford, Bost Brecheen Buchanan Cammack Carter Cline Clyde Collins DesJarlais Donalds Fallon Finstad Fischbach Fry Fulcher Gonzales Good Gooden Griffith, Hageman Harris Harshbarger Hern Higgins Jackson LaHood Lesko Luna Luttrell Mann Mast McCormick Moran Norman Palmer Perry Posey Rose Roy Santos, Strong Tiffany Timmons Van Drew Van Duyne, Weber, Biden, Greene, Troy Nehls, Lauren Boebert, Rosendale, Norman Roy Scalise, Mr Organizations: Republicans, House Republicans, Caucus, Mr, Freedom Caucus, Hageman Harris Harshbarger Hern Higgins Jackson LaHood Lesko Luna Luttrell Mann Mast McCormick Moran Norman Palmer Perry Posey Rose Roy Santos Sessions, Republican Locations: Rosendale, Wesley Hunt of Texas, Washington, Georgia, United States, Texas, Colorado

☆ Best High-Yield Savings Accounts for October 2023
▼ + stars: | 2023-09-28 | by ( Martha C. White | ) www.wsj.com time to read: +18 min

With the Federal Reserve steadily raising interest rates to fight inflation, high-yield savings account payouts have steadily risen, too. After years of near-zero returns, the average savings account rate has risen to 0.45%, according to the Federal Deposit Insurance Corp. Their new High-Yield Savings account offers a 3.5% APY, but you need a hefty $5,000 deposit to open the account. Unlike some high-yield online savings accounts, you earn a high APY—currently 5%—on every dollar in your account. You can conduct immediate electronic transfers between your brokerage account and savings account, and manage both savings and investment activities on a single platform.

Persons: Martha C, it’s, JPMorgan Chase, Wells, Wells Fargo, Ally, Synchrony, UFB, —, Achilles, We’ve, Foster, Alliant, Morgan Stanley, Marcus, Goldman Sachs, Charles Schwab, Charles Schwab Bank Charles Schwab Organizations: Federal Reserve, Federal Deposit Insurance Corp, Capital, National, One’s, JPMorgan, JPMorgan Chase JPMorgan Chase &, Chase Savings, Ally, Synchrony, CIT, First Citizens, Bank, Axos Bank, Webster Bank, National Bank, Zelle, Alliance Data Systems, Comenity Capital Bank, FDIC, Foster Care, Navy, Navy Federal, Savings, Morgan Stanley Private, Morgan Stanley Private Bank, Bloomberg, Trade, Charles, Charles Schwab Bank, Best Bank, National Credit Union Administration, dateline Locations: Chase, Zelle, Ally’s, Utah, Chicago, U.S, .

☆ Russia is using China's yuan to settle 25% of its trade with the rest of the world, report says
▼ + stars: | 2023-09-28 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Russia has embraced the yuan since its invasion of Ukraine triggered western sanctions. The renminbi is now used to settle 75% of its trade with China and 25% of its transactions with other countries, according to official data. The surge comes in the context of a wider de-dollarization drive, with both Moscow and Beijing trying to undermine the buck. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Before war broke out in Ukraine, they were used to settle 87% of export payments and 67% of import payments.

Persons: —, Vladimir Putin, That's Organizations: Service, RBC, Ministry of Economic Development, Reuters, International Monetary Fund Locations: Russia, Ukraine, China, Moscow, Beijing, Brazil, India, South Africa, Middle

☆ Right-wing media fumes over Univision anchor’s debate questions
▼ + stars: | 2023-09-28 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

CNN —Republicans are enraged that their safe space was punctured at the second GOP debate by a Univision anchor. After welcoming viewers in Spanish (the debate was simulcast on Univision), Calderón queried the Republicans through the night on weighty issues related to immigration, hate crimes, health care, and more. But unlike what is typical on Fox News, Calderón declined to frame her questions in a manner favorable for the Republican candidates. “The Univision anchor’s questions seem to come from the comments section of Salon and Vox,” talk radio host Buck Sexton said. “I think the Univision lady thinks she’s at a Democratic Debate,” Fox News commenter Tomi Lahren added.

Persons: Ilia Calderón, Calderón, “, ’ ”, Ron DeSantis, Mike Pence, I’ve, Bud Light, Dylan Mulvaney, Greg Gutfeld, ” Gutfeld, Buck Sexton, commenter Tomi Lahren, ”, Matt Schlapp, Donald Trump, bode Organizations: CNN, Univision, Fox News, Republican, Los Angeles Times, Gov, Department of Homeland Security, “ Fox, DNC, Fox, RNC, Republican Party

WASHINGTON (AP) — With a government shutdown five days away, Congress is moving into crisis mode as Speaker Kevin McCarthy faces an insurgency from hard-right Republicans eager to slash spending even if it means curtailing federal services for millions of Americans. Against the mounting chaos, President Joe Biden warned the Republican conservatives off their hardline tactics, saying funding the federal government is “one of the most basic fundamental responsibilities of Congress." Political Cartoons View All 1179 Images“We made a deal, we shook hands, and said this is what we’re going to do. With five days to go before Saturday's deadline, the turmoil is unfolding as House Republicans hold their first Biden impeachment inquiry hearing this week probing the business dealings of his son, Hunter Biden. With just days remaining before a shutdown, several of the holdouts say they will never vote for any stopgap measure to fund the government as they push for Congress to engage in the full-scale debate.

Persons: Kevin McCarthy, it's, McCarthy, Joe Biden, Biden, reneging, ” Biden, “, ”, Donald Trump, retakes, Hunter Biden, ” Trump, ” McCarthy, Let’s, Marjorie Taylor Greene, Trump, Ken Buck, Buck, he's, ” Buck, Volodymyr Zelenskyy, Matt Gaetz, ” Gatez, “ I’m, McCarthy “, Seung Min Kim, Kevin Freking, Mary Clare Jalonick Organizations: WASHINGTON, Senate, Republicans, Trump, Biden, Capitol, Defense, Homeland Security, Agriculture, Foreign, Republican, Democratic, Ukraine, Washington, Russia, Fox, White, Office of Management, Budget, Associated Press Locations: Ukraine, U.S, “, State, Florida

☆ The full moon has different names for each month. Here's the meaning and origin for the whole lunar calendar.
▼ + stars: | 2023-09-26 | by ( Morgan Mcfall-Johnsen | Jenny Mcgrath | ) www.businessinsider.com time to read: +11 min

The next full moon will be a harvest moon, rising on September 29. AdvertisementAdvertisementSeptember: harvest moon, "corn moon," "barley moon"Amish people harvest corn in Maryland. A harvest moon sometimes occurs in October (the moon doesn't follow the Gregorian calendar), but it's always the full moon closest to the autumnal equinox. The next worm moon: March 25, 2024April: "pink moon," "sprouting grass moon," "egg moon," "fish moon"Wildflowers along the California coastline in Big Sur at sunset. AdvertisementAdvertisementThe next seasonal blue moon: August 19, 2024The next monthly blue moon: August 19, 2024

Persons: It's, —, Patrick Hartigan, Mark Wilson, it's, Shamil Zhumatov, Eddie Keog, what's, Jeff R Clow, Andy ClarkREUTERS, John Moore, Mike Segar, Charlie Baker, Brian Snyder, that's, Mike Blake, Toby Talbot, Mead, Toby Melville Deer, Matt Balazik, Steve Helber, Champlain, Paul Hanna Supermoons, Andrew Lichtenstein Organizations: Service, Rice University, Reuters, North, Getty, Beavers, REUTERS, Former, NASA, AP, Astronomical Union Locations: Maryland, Moscow, Russia, North America, Europe, New England, Superior, Colonial, Stokenchurch, England, Lake Louise , Alberta, Irvington , New York, Former Massachusetts, Hollis Hill, Fitchburg , Massachusetts, Algonquin, California, Big Sur, Calais , Vermont, Richmond Park, London, Britain, Alaska, James, Charles City , Virginia

☆ I'm taking an 8-month break from my job to focus on my mental health and goals. Here's how I planned and saved for it.
▼ + stars: | 2023-09-25 | by ( Taryn Williams | ) www.businessinsider.com time to read: +5 min

After years of putting her mental health second to her career, she's prioritizing her well-being. Now that I'm financially able to take a break, I've decided to take a gap year in my 30s. Here's why I've made this decision and how I'm going to make it happen. I'm going to embrace ethical and slow travelI'm planning to visit Chile, Argentina, Bolivia, and Ecuador. I'm going to strive to regain the Spanish fluency I've lost over the past few years, meditate daily, and get outside every day.

Persons: Taryn Williams, would've, I'm, I've, Dunkin, it's, journaling Organizations: Service Locations: Alaska, South America, Wall, Silicon, Airbnbs, Chile, Argentina, Bolivia, Ecuador, Antarctica

☆ Battle the turmoil with these elite defensive stocks loved by Wall Street
▼ + stars: | 2023-09-25 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Wall Street largely took documents from the meeting and comments from Federal Reserve chair Jerome Powell to imply higher-for-longer interest rates. Against this backdrop, here's the list of defensive stocks to play a mixed market, compiled using the new CNBC Pro stock screening tool . All stocks on the list meet the following criteria: Beta rating, which measures a stock's implied risk to market moves, under one. A beta rating above one typically indicates higher volatility. Fast-food giant McDonald's has a 0.65 beta rating, and its stock has added about 3% from the start of the year.

Persons: Jerome Powell, Powell, Mondelez Organizations: CNBC Pro, Federal, Fed, Nasdaq, Dow Jones, Kroger, Friday's, KR, Hasbro, Lionsgate, Bunge

☆ These 5 Club stocks have defied the S&P 500's recent slide
▼ + stars: | 2023-09-25 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

September has been unkind to stocks – living up to its historical reputation as the weakest month for the S & P 500 . Still, some Club stocks have been able to buck the downward trend since the start of the month — and none more so than Humana (HUM). The health insurer advanced 7.3% through Friday's close, putting it among the top-10 performing stocks in the S & P 500 over that stretch. In a year largely characterized by outperformance in technology stocks, health care has been one of the worst S & P 500 sectors . The stock entered Monday's session down more than 11% in 2023, the third-worst of any Club stock.

Persons: Jim Cramer, Jim, Centene, Molina, it's, Ford's outperformance, –, Shawn Fain, Ford, Honeywell's outperformance, Vimal, Morgan Stanley, Kupar, Darius Adamczyk, Jim Cramer's Organizations: Federal Reserve, Treasury, CVS Health, Molina Healthcare, McKesson Corp, Humana, Costco Wholesale, Ford, Costco, Club, Detroit, General Motors, Chrysler, United Auto Workers, GM, UAW, Reuters, Honeywell International, Meta, Street Journal, Morgan, CNBC, New York Stock Exchange, View Press, Getty Locations: Friday's, Kupar, New York

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