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The Federal Reserve on Wednesday did what everyone expected, holding interest rates steady for now. But it also avoided saying anything about what it plans to do with rates in the future, dashing hopes for now that rate cuts are in the offing soon. “The Committee judges that the risks to achieving its employment and inflation goals are moving into better balance,” the statement read. Over 12 months, the core rate has come down to 2.9%, he pointed out, adding, “We’re wanting to see more data. “However, they do need to be careful about holding rates up too far, too long.”Economists are predicting a slowdown this year.
Persons: Jerome Powell, ” Powell, “ We’re, You’ve, Powell, , Greg Friedman, Brian Henderson, “ There’s, Charlie Wise, Wise Organizations: Federal Reserve, Fed, , Dow Jones, Peachtree Group, BOK, Locations: American
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors would be wise to rebalance and move into defensive areas: NFJ Investment's John MowreyJohn Mowrey, NFJ Investment Group executive managing director and CIO, joins 'Squawk Box' to discuss the latest market trends ahead of the opening bell on Tuesday.
Persons: John Mowrey John Mowrey Organizations: NFJ Investment Group
The global personal fitness trainer market was worth about $41.8 billion in 2023, and market research firm Future Market Insights predicts it will soar to $65.5 billion by 2033. A growing body of research also suggests working out with a personal trainer has a variety of benefits. The two biggest benefits from hiring a personal trainer, though, whether you’re an exercise newbie or a pro, are accountability and motivation, said Mary Wing, a certified personal trainer and performance coach with the fitness app Future. There are trainers who specialize in training older people or those with medical issues, says certified personal trainer Allan Misner. In the end, though, hiring a personal trainer can be a safe and effective way to achieve a healthier life, which is the main goal.
Persons: , Mary Wing, , Allan Misner, It’s, they’ve, ” You’ll, , Wing, Misner, it’s, ” Misner, ” Melanie Radzicki McManus Organizations: CNN’s, CNN, US Bureau of Labor Statistics, Research, Gerontology, Geriatric, National Academy of Sports Medicine, American College of Sports Medicine, American, , Locations: United States, Sanford , North Carolina, Bocas del Toro , Panama
Listen, I'm not saying that all the good vibes Americans are suddenly feeling about the economy boil down to stocks, gas prices, and eggs. What improved America's economic vibes was basically three things: the soaring stock market, falling gas prices, and eggs. Research shows that consumers feel more pessimistic when gas prices go up — James Surowiecki points out in The Atlantic that high gas prices also make people less happy and more likely to hate the president. If oil prices stay relatively low and, in turn, keep gas prices down, less exasperated drivers could help Joe Biden keep his job come November. There are all sorts of geopolitical threats and unknowns that could throw global trade and oil prices (and thus gas prices) into chaos.
Persons: I'm, there's, There's, Jordan Weissmann, , It's, James Surowiecki, Joe Biden, they're, Emily Stewart Organizations: University of, Dow, Federal Reserve Bank of San, AAA, Research, Bureau of Labor Statistics, Times, Business Locations: America, The
For many Americans who support abortion rights, the election in November will most likely come down to a choice between voting for President Biden and staying home. They won’t vote for the man who ensured Roe v. Wade’s demise, but many of them are unenthusiastic about the prospect of Mr. Biden being the Democratic nominee. What is plausible is that, returned to the White House, Donald Trump would seek to use his executive power — power that his allies are aiming to increase on his behalf — to further curtail abortion access. He might seem uninterested in doing much of anything about abortion now, on the campaign trail, which is a shrewd political move, given how unpopular abortion bans have proven to be since Roe’s reversal. And Mr. Biden and Ms. Harris would be wise to make clear to voters the real risks of a second Trump presidency for abortion access.
Persons: Biden, Roe, Mr, Kamala Harris, Harris, , Trump, Donald Trump, Organizations: Democratic, Democratic Party, Biden, White, Trump Locations: Roe
Many Boomers whose homes have surged in value now face massive capital gains tax bills when they sell. Plus, smaller homes or apartments in the neighborhoods they’ve come to love are rare. Taxes on capital gains drain profits from a saleFederal and possibly state capital gains taxes can be significant for long-time homeowners who have seen their property values soar over several decades. They paid the capital gains and moved because their home was isolated and they wanted to be closer to conveniences, health care and other people as they aged. Few smaller homes in areas they’ve long livedMany neighborhoods where older homeowners have long lived are zoned for single-family homes and have few smaller homes or multi-family properties like condos or rental buildings.
Persons: Baby Boomers Marta, Octavian Dragos, , Dragos, ” Dragos, , they’ve, , Peter Poulsen, Poulsen, Jimmy Panetta Organizations: DC CNN, Savings Locations: Washington, El Cerrito , California, California, Livermore , California
The crash diets have crashed, the brand-new budgets won’t budge and your Peloton is now the world’s most expensive laundry rack. But even if every one of your New Year’s resolutions is toast, there’s still one start-of-the-year chore you would be wise to handle: your retirement review. This is a perfect time to take stock of where your retirement is heading — whether you’re still on the job or have stopped working and are now collecting Social Security — financial planners say. Nearly all of them will need to support themselves for decades. Whether you are still working or already retired, reviewing your retirement plan and how it’s shaping up when compared with reality is a crucial step, said Michael Crews, author of the book “Saturday Everyday” and chief executive of North Texas Wealth Management in Allen, Texas.
Persons: you’re, Michael Crews Organizations: Alliance for Lifetime, North Texas Wealth Management Locations: Allen , Texas
I went to CNN’s Supreme Court analyst Stephen Vladeck, a law professor at the University of Texas at Austin, with those questions. Abbott is not ignoring the Supreme CourtWOLF: How does Abbott justify essentially ignoring the Supreme Court? VLADECK: It’s really important to stress that two different things are true: First, Abbott is not “essentially ignoring” the Supreme Court. Is the Supreme Court likely to agree with him? WOLF: I am reminded of last year when Alabama legislators initially did not comply with a Supreme Court decision requiring a second majority-Black congressional district.
Persons: Greg Abbott, Biden, ” Abbott, Abbott, Stephen Vladeck, WOLF, can’t, , , , Robert Jackson, Milligan, Brett, Kavanaugh, Monday’s, we’ve, Trump’s, Trump Organizations: CNN — Texas Gov, US, Patrol, Supreme, Circuit, Fox News, University of Texas, Republican, Government, Democratic, . Locations: Texas, Mexico, Austin, Eagle, , , Alabama, Allen, Arizona, . United States
Your 401(k) may look a little better than usual as tech stocks pushed the S&P 500 index to another all-time high as of market close on Thursday. But now's not the time to change up your retirement saving strategy. Your retirement saving strategy should be proactive rather than reactive. Since the stock market is, by nature, unpredictable, it isn't wise to base your long-term investment strategy on how the market is performing in the short term. "You can't predict exactly when that bull market becomes a bear market and vice versa," Shamrell says.
Persons: now's, You've, Douglas Boneparth, Mike Shamrell, Shamrell Organizations: Bone, CNBC
Ashkelon, Israel CNN —It was supposed to be a safe haven – a new life for those seeking refuge from the turbulence of war. “I started crying when I began to understand that I’m not going back,” he told CNN at Kfar Silver. These four teenagers all moved from wartorn Ukraine to Kfar Silver near Ashkelon in Israel. Courtesy Monique ZahaviGofer told CNN that “thousands of rockets” flew over the village, while fires broke out everywhere around them. “When the war started here there was relative silence in Ukraine and my family felt more safe,” he said.
Persons: Little, , Artem Karpin, , ” Karpin, Karpin, upended, Michael Reider, Maria, Sviatoslav Kulyk, Monique Zahavi, Reider, Amos Gofer, Kfar Silver, Gofer, Monique Zahavi Gofer, they’re, Amir Cohen, Kulyk, , I’ll, Gofer –, aren’t, , Israel Organizations: Israel CNN, Kfar, ORT, CNN, , , Hamas, Reuters, Rockets Locations: Ashkelon, Israel, Ukraine, Gaza, Russia, Odesa, Kfar Silver, Kyiv, Poland, Lebanon, Netanya, , Europe, Greece, Germany, Ukrainian, Kharkiv, Russian, Moldova, I’m
CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. But, when Lockheed Martin and Northrop Grumman both reported 2023 results this week, it was a different story. For both companies, space was the top segment for sales growth in 2023 — by a wide margin. You'd think with such strong results, space would be a highlight of quarterly earnings calls. But for both Lockheed and Northrop, executives and analysts still only mentioned space in passing.
Persons: CNBC's Michael Sheetz, Lockheed Martin, Northrop Grumman, Northrop, Morgan Brennan, Jay Malave, It's, it's, We've Organizations: Lockheed, Northrop, Vulcan, Boeing Locations: ULA
The driving force behind the recent sell-off in bitcoin may have run its course, according to JPMorgan. BTC.CM= YTD mountain Bitcoin has retreated since the approval of bitcoin ETFs. JPMorgan strategist Nikolaos Panigirtzoglou said in a note to clients Thursday that the main source of the selling has come from the Grayscale Bitcoin Trust (GBTC) . Some outflows from GBTC were expected, given the prior discount and its high cost relative to other bitcoin ETFs. And some of the other bitcoin ETFs are seeing big inflows, with funds from iShares ( IBIT ) and Fidelity Wise Origin ( FBTC ) both surpassing $1 billion in inflows.
Persons: Bitcoin, Nikolaos Panigirtzoglou, Panigirtzoglou Organizations: JPMorgan, Fidelity Locations: bitcoin, GBTC, iShares
The founders of Wise, Skype and Songkick have raised 400 million euros ($436.4 million) for a new fund to back technology startups in Europe. Plural Fund II, the firm's second to date, arrives just 18 months after the firm raised its last fund, a 250 million-euro vehicle. Only 8% of VCs in Europe are former founders, he says, much lower than the 60% in the United States. So, if we look at the track record, and our ability to get the deals done, I think that all seems to say that this is really missing in Europe," Hinrikus added. Plural raised the funds from a mix of limited partners, including British and American university endowments, U.S. foundations and insurers, strategic family offices in Europe and the United States.
Persons: Wise, Taavet Hinrikus, fintech, Ian Hogarth, Sten Tamkivi, Khaled Helioui, Hinrikus, they're, we've, Carina Namih Organizations: Skype, Balderton, Bigpoint, CNBC Locations: Europe, VCs, United States, American
Bitcoin extended its recent declines on Tuesday, falling further below $40,000 to its lowest level since the beginning of December. Some have pointed to short-term selling pressure from exits from the Grayscale Bitcoin Trust (GBTC), which has seen about $2 billion in outflows since Jan. 19 while BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund have each seen more than $1 billion in inflow. Expectations around the event emerged last summer intensified in August, pushing the bitcoin price steadily higher. The move in bitcoin continued to pull the rest of the crypto market lower. Microstrategy , which has long traded as a proxy for the bitcoin price, lost 3%, while the biggest miners, Marathon Digital and Riot Platforms , fell 3% and 4%, respectively.
Persons: Bitcoin, BlackRock's, Fidelity's, Yuya Hasegawa, Ripple's XRP, dogecoin, Coinbase Organizations: Solana, Marathon, JPMorgan Locations: outflows, GBTC, bitcoin
ATLANTA (AP) — Accusations that Fulton County District Attorney Fani Willis had an inappropriate relationship with a special prosecutor she hired to seek convictions of Donald Trump and others for interfering in Georgia's 2020 election have led to renewed calls to remove Willis from the case. Merchant alleges that Willis' office paid Wade large sums and that Willis improperly benefited when Wade then paid for the two of them to go on vacations. Willis, an elected Democrat, has shown no signs of stepping down, but there are ways she could be removed. COULD WILLIS STEP AWAY FROM THE CASE IN ORDER TO SAVE IT? Many Republicans would like to see Willis investigated by Georgia's new Prosecuting Attorneys Qualification Commission.
Persons: Fani Willis, Donald Trump, Willis, Nathan Wade, Ashleigh Merchant, Michael Roman, Merchant, Wade, Wade's, Scott McAfee, McAfee, Robert McBurney, Sen, Burt Jones, Trump, , McBurney, Jones, Danny Porter, WILLIS, it's, Porter, Norm Eisen, Barack Obama's, , Eisen, Mr, hasn’t, State Sen, Colton Moore, Bob Ellis, Fulton, Greg Dolezal, Cumming, ” Dolezal's Organizations: ATLANTA, Trump, White, Fulton, Georgia Republicans, Democratic, of, Atlanta —, Council, Commission, Republicans, Republican, GOP Locations: Fulton County, Miami, San Francisco, Fulton, of Georgia, Gwinnett County, Atlanta, Georgia, State, Trenton
Kaitlin and Josh Chmil moved to Tennessee and bought a house with a rundown indoor pool in 2020. AdvertisementThis as-told-to essay is based on a conversation with Kaitlin and Josh Chmil, a couple who renovated an indoor pool in their Crossville, Tennessee, home. AdvertisementWe had no desire for an indoor pool or anything like that. Josh: They didn't have any comps in the area because an indoor pool is not a very common thing — especially in middle Tennessee. We want to sit back and enjoy some of the things we've done because I feel like we've been in this perpetual cycle of buy, renovate, sell, buy, renovate, sell, buy.
Persons: Kaitlin, Josh Chmil, , Kaitlin Chmil, Pete, Josh, we'd, Chmil, It's, We're, we've, it's Organizations: Service, Facebook Locations: Tennessee, Crossville , Tennessee, St . Petersburg , Florida, Banksy's
We agree wholeheartedly, having cheered Nvidia's software push for nearly a year . Software and services "Nvidia's business is evolving faster ... and software sales can help smooth out volatility," Melius analysts argued. In December, analysts at Piper Sandler also struck a bullish tone on Nvidia's software opportunity. The core of Nvidia's software strategy is DGX Cloud, an AI supercomputer accessible through a web browser, that the company rolled out in March 2023. The differentiated aspect of the DGX Cloud is it also has additional AI software and tools, such as pre-trained models, data libraries and access to Nvidia service representatives.
Persons: Jim Cramer's, OpenAI's, Piper Sandler, DGX, Melius, , Jim Cramer, Jim, Hsun Huang, Patrick T Organizations: Nvidia, Melius Research, Software, Apple, DGX, Club, Microsoft, Research, Oracle, Google, Amazon, Amazon Web Services, CNBC, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty Locations: Los Angeles , California
The newly launched bitcoin exchange-traded funds are showing early signs of success, but they have so far fallen short of being the massive boost for crypto some bulls predicted. BTC.CM= YTD mountain Bitcoin has retreated since the launch of the bitcoin ETFs. This fall comes after some crypto investors had cited the ETF launches as a catalyst that could propel bitcoin to $100,000 in 2024. That discount likely attracted arbitrage players who used the ETF launch as an opportunity to close out their trade. Yesterday, all Bitcoin ETFs combined traded $2.2Bn, IBIT traded $340Mn.
Persons: Alex Saunders, Benjamin Budish, Aniket Ullal, Ullal, It's, Bernstein, Gautam Chhugani Organizations: U.S . Securities, Exchange Commission, Fidelity, Citi, Barclays, CFRA Research, IBIT Locations: bitcoin, GBTC
Beyond fear of pain and temporary disfigurement from missing teeth, I had another major concern: I was addicted to heroin in my 20s. As an expert on addiction, I knew that a return to compulsive drug use wasn’t inevitable with medical opioid exposure. As a result, some languish in extreme pain because they believe that drug exposure will cause them to lose control and immediately return to active addiction. There is much misinformation about how opioid pain treatment affects people in recovery and those at high risk of addiction. Understanding how psychoactive drugs and addictions really work is crucial for better managing medical opioid use — and ending policies that interfere with both prevention and recovery.
Persons: I’d, , Sarah Wakeman, Dennis Bohlin Organizations: Neuroscience, Harvard Medical School
Trillin has long been more in demand as a eulogist, in Manhattan’s interlocking journalism and literary worlds, than probably anyone alive. He has a) a fundamental decency, b) a phlegmatic manner and c) a deadpan wit that delivers, like an inoculation, hurt and healing at the same time. nonfan might attend a Knicks game solely because he’d heard that Chaka Khan would be singing the national anthem. But it makes sense to have this material in one place, and this book is buoyant and crunchy from end to end. Trillin can be counted on to hand the world back clearer than it was before he picked it up.
Persons: Calvin Trillin, Ottessa Moshfegh, , Trillin, they’ve, nonfan, he’d, Chaka Khan, Edna Buchanan, Johnny Apple, Joe Bob Briggs — Organizations: Press, Knicks, The, Yorker, Miami, New York Times Locations: Texas
My father was old enough to be my grandpa, but that's what made him a great dad. By the time I was born, he'd already lived through so many ups and downs that nothing ruffled him. Born in 1911, Dad was an eighth-grade dropout who'd lived through the Great Depression, fought in World War II, and worked in New York's Garment District. AdvertisementI wish he was around to spend time with my kidsBut here's what's awful about having an old dad: He died before his grandkids got to know him. He was 81 in a veterans' hospital hospital when my first child was born.
Persons: he'd, didn't, Dad, who'd, hadn't, Harpaz, Beth Harpaz, He'd Organizations: Service, Business, Garment, Army, 101st Airborne Division, Operation Market, Hitler Locations: New, Armentières, Charleston, Buzzy's, France, Belgium, Holland
Read previewThis is an as-told-to essay based on a conversation with Rami Kashou, a Palestinian American fashion designer. I grew up during the second intifada under the Israeli military occupation. Courtesy of Rami KashouMaking clothes as a kid living in the West BankEven when I was younger, I was fascinated with fashion. AdvertisementIn the West Bank, making your own clothes was a way to be fashionable because we don't have much access to the rest of the world. Draping comes from a culture where women drape themselves in fabric, whether it's a shawl, a veil, or a long dress.
Persons: , Rami Kashou, I'd, Elsa Klensch, sister's Barbies, Paris Hilton, Penelope Cruz, Kim Kardashian, I've Organizations: Service, Business, West Bank, US Locations: Palestinian American, Jerusalem, Ramallah, America, , Hollywood, Palestine
So for 2024, I've resolved to acknowledge and congratulate myself for things I did in the past. I'm not perfect and I certainly have some regrets, but I'm proud of the person I've become. Here are three things I'm so glad I did in my 20s and 30s:1. I'm certainly not perfect, but I'm proud of the person I've become. When I was in my 20s and 30s, I loved my body and rejoiced in it.
Persons: I've, They've, I'm, Janet Blaser I'm, vivre, It's, Janet Blaser Locations: anguishing, Missouri
As Bernstein analyst Gautam Chhugani highlighted in a note to clients Thursday, BlackRock's iShares Bitcoin Trust (IBIT) has been an early winner among the spot bitcoin ETFs that were approved last week. However, the fund has seen about $1 billion in net outflows over the past week, according to FactSet. Even with the GBTC outflows, the spot bitcoin funds have still seen hundreds of millions of net inflows, according to FactSet. "GBTC at 150 bps fee vs. ~20bps fee for rest, would mean cheaper ETFs will continue to absorb GBTC outflows. In that context, $900m of net inflows remains impressive," Bernstein's Chhugani said in a note.
Persons: Bernstein, Gautam Chhugani, BlackRock's, Jay Jacobs, GBTC, Bernstein's Chhugani Organizations: IBIT, Fidelity Wise Locations: U.S, BlackRock
The best Samsung Galaxy S24 Ultra screen protectors are straightforward to install and resistant to scratching and shattering. Among the best Samsung Galaxy S24 Ultra screen protectors, our top pick is the Zagg Glass Elite screen protector, with its hardwearing aluminosilicate glass. Will a Galaxy S23 Ultra screen protector fit a Galaxy S24 Ultra? A screen protector for the Samsung Galaxy S23 Ultra will not fit a Galaxy S24 Ultra, and vice versa, due to the slightly differing designs and dimensions of the two phones. When looking at screen protectors for your new Galaxy S24 Ultra, there are a few factors worth considering.
Persons: we've Organizations: Samsung
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