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☆ Regional war is effectively here. What Israel does next will be pivotal
▼ + stars: | 2024-10-02 | by ( Mick Krever | ) edition.cnn.com time to read: +6 min

CNN —In the days after Hamas’ October 7 attack on Israel, fears ran high of a regional war. The conflict would not be contained in Gaza, the thinking went – Hezbollah would attack Israel from the north, the Houthis from Yemen, and Iranian proxies from Iraq. Israel would be forced to respond, it would come into direct conflict with Iran, and the wider war would be upon us. A day after Iran launched its largest ever ballistic missile attack on Israel – and as Israeli troops battle Hezbollah fighters on the ground in Lebanon – regional war is effectively here. Now is the time that we can attack, because Iran is fully vulnerable.”Smoke rises following Israel's bombardment in southern Lebanon on Wednesday.

Persons: Israel, Israel –, West Bank –, ”, Fatemeh Mohajerani, Ismail Haniyeh, Maya Alleruzzo, Benjamin Netanyahu, Nasrallah, ” Netanyahu, Hassan Nasrallah, Naftali Bennett, you’ve, ” Bennett, Baz Ratner, “, United States –, Jake Sullivan Organizations: CNN, West Bank, Israeli, Israel, Hamas, “, National Locations: Israel, Gaza, Yemen, Iraq, Iran, Lebanon, Damascus, Iranian, Palestinian, Tehran, Rosh Haayin, Beirut, “, Hezbollah, Syria, Hodeidah, United States

☆ South Korea factory activity shrinks sharply as overseas demand weakens, PMI shows
▼ + stars: | 2024-10-02 | by ( ) www.cnbc.com time to read: +2 min

Aerial view of the capital city of Seoul in South Korea, seen at sunset. South Korea's factory activity contracted at the sharpest pace in 15 months in September as overseas demand slowed for the first time in the year, a private survey showed on Wednesday, suggesting a slow road to a full-blown economic recovery. Output and new orders shrank in September, after gaining for five straight months, with the steepest slump in 11 months and 15 months, respectively. Specifically, export sales to China, Japan, India and the United States weakened, according to the survey. The survey showed backlogs of work, an indicator of near-term activity, fell by the most in five months, while optimism for the year ahead weakened sharply to the lowest level since December 2022.

Persons: Usamah Bhatti Organizations: P Global, P Global Market Intelligence, Employment, Samsung Electronics, SK Locations: Seoul, South Korea, China, Japan, India, United States

☆ LVMH and Formula One announce 10-year partnership
▼ + stars: | 2024-10-02 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +1 min

The Race winner trophy is seen in a Louis Vuitton trunk on the grid prior to the F1 Grand Prix of Monaco at Circuit de Monaco on May 26, 2024 in Monte-Carlo, Monaco. Liberty Media -owned Formula One and luxury giant LVMH are entering into a 10-year partnership, according to a joint press release from the companies Wednesday afternoon. The partnership will officially launch at the start of next F1 season and will include "hospitality, bespoke activations, limited editions and outstanding content." The official arrangement will not be the first time that LVMH and F1 have worked together. F1 worked with one of LVMH's brands during last year's Las Vegas Grand Prix and the team-up was a success, according to Liberty Media president and CEO Greg Maffei.

Persons: Greg Maffei, Maffei, Bernard, Frédéric Organizations: of Monaco, Circuit de Monaco, Carlo, Liberty Media, Las Vegas, Prix Locations: Louis, Monte, Monaco

☆ People want to work for a 'green flag' boss—this job interview question can help you find one
▼ + stars: | 2024-10-02 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

People want to work for a good boss just as much as they want to earn a good salary. That's why it's crucial to look for signs of a supportive manager, or a "green flag boss" as Weishaupt puts it, when you're interviewing for a new job. The one big thing I say to my team is, 'There's no mistake you can make that I can't fix.' On the other hand, if the manager responds that "people follow my lead or do what I say," Vyas says, "those are red flags." Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: don't, —, Frank Weishaupt, Deepali Vyas, Vyas, We're, aren't Organizations: Owl Labs, CNBC

☆ Michael Jordan’s 23XI Racing, alongside Front Row Motorsports, file antitrust lawsuit against NASCAR and its CEO
▼ + stars: | 2024-10-02 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +4 min

In the federal antitrust lawsuit, filed Wednesday and obtained by CNN, the two teams said, “The France family and NASCAR are monopolistic bullies. 23XI Racing's Tyler Reddick (#45) and Front Row Motorsports' Michael McDowell (#34) battle in a NASCAR race. “Today’s action shows I’m willing to fight for a competitive market where everyone wins.”Bob Jenkins, owner of Front Row Motorsports, issued a similar sentiment. “I have been part of this racing community for 20 years and couldn’t be more proud of the Front Row Motorsports team and our success. Meg Oliphant/Getty ImagesThe lawsuit comes after more than two years of negotiations between NASCAR and racing teams.

Persons: Hall of Famer Michael Jordan, Jim France, ”, Denny Hamlin, “, 23XI Racing's Tyler Reddick, Michael McDowell, Jeff Robinson, Jordan, ” Bob Jenkins, ” Jenkins, ” Jordan, Meg Oliphant, Frances, NASCAR “, 23XI Organizations: CNN, NASCAR, Hall of Famer, Motorsports, Associated Press, 23XI, Sunday, Talladega Superspeedway Locations: North America, France, United States, Alabama

☆ NASA powers off a piece of Voyager 2 science to save power
▼ + stars: | 2024-10-02 | by ( Jackie Wattles | ) edition.cnn.com time to read: +2 min

CNN —The NASA team overseeing the iconic Voyager 2 spacecraft made the decision to power down one of its science instruments in an effort to conserve energy. Despite the aging probe’s emptying power stores, NASA expects that Voyager 2 will keep operating with at least one science instrument into the 2030s. Voyager 2 has three radioisotope thermoelectric generators that power the spacecraft by converting heat emitted by the decaying plutonium into electricity. But turning off a piece of equipment on Voyager 2 or Voyager 1 — an identical spacecraft launched 16 days after its twin — is not ideal, NASA noted. After reaching beyond the heliosphere, or interstellar space, Voyager 2 has “collected limited data in recent years due to its orientation relative to the direction that plasma is flowing,” NASA said.

Persons: “ Organizations: CNN, NASA, ., Space, “

OpenAI's $6.6 billion funding raise attracted some big names across the industry. The $6.6 billion round gave OpenAI a $157 billion post-money valuation and minted it into one of the most valuable startups in the world. MicrosoftMicrosoft invested a little under $1 billion into OpenAI's latest funding round, according to The Wall Street Journal report. FidelityFidelity also participated in OpenAI's latest funding round. AdvertisementAltimeter Capital ManagementAltimeter Capital Management also contributed to OpenAI's latest funding round, according to reports.

Persons: —, Sam Altman, OpenAI, Here's, Anderson Cooper, Josh Kushner, Instagram, Kushner, Altman, josh, SoftBank, Masayoshi Son, Son, Marco Bello, Wood, Morningstar, Bing, Jensen Huang, Sam Yeh, Elon Musk's, Brad Gerstner, Gerstner, Vinod Khosla, Vaughn Ridley, Khosla, MGX Organizations: Service, Allen & Company Sun Valley Conference, Getty, Capital, Business, VC, Wall Street, Reuters, Vision Fund, Venture, ARK Invest, ARK Venture Fund, SpaceX, Microsoft Microsoft, Wall, Rival Apple, Microsoft, Nvidia Nvidia, Nvidia, Tiger Global Management, Fidelity Fidelity, Elon, Elon Musk's xAI, Fidelity, Capital Management, . Khosla, Getty Khosla Ventures, Sun Microsystems, United Arab, Bloomberg Locations: OpenAI, Silicon Valley, OpenAI ., Tokyo, Saudi, ARK, AFP, IPOs, America, United Arab Emirates

☆ 11 little-known secrets about Rory Gilmore even die-hard 'Gilmore Girls' fans may not remember
▼ + stars: | 2024-10-02 | by ( Stephanie Ashe | ) www.businessinsider.com time to read: 1 min

Alexis Bledel on "Gilmore Girls: A Year in the Life." NetflixAlmost 10 years after "Gilmore Girls" ended, the showrunners revived the series on Netflix's "Gilmore Girls: A Year in the Life." On the series, viewers find out that Rory is pregnant, but it's unclear who the father is. Over the course of the revival, she's shown in an on-again, off-again relationship with both her boyfriend Paul and ex-boyfriend Logan. Matt Czuchry, who played Logan, told Us Weekly in 2021 that creator Amy Sherman-Palladino and executive producer Dan Palladino told him who the father is.

Persons: Alexis Bledel, Gilmore, Rory, she's, Paul, Logan, There's, Jess Mariano, Matt Czuchry, Amy Sherman, Palladino, Dan Palladino Organizations: Netflix Locations: New York

Fortunately, most credit card issuers have also increased the credit amount for Global Entry applications. Learn more about the card Business Insider rated "best affordable premium credit card" in our Capital One Venture X Rewards credit card review. The Global Entry or TSA PreCheck® application fee credit of up to $120 is available once every five years. Global Entry and TSA PreCheck Credit Card Frequently Asked QuestionsWhat are the main benefits of credit cards offering Global Entry and TSA PreCheck credits? How can I maximize the benefits of a Global Entry and TSA PreCheck credit card?

Persons: You'll, Chase Travel ℠, Chase, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, Miles, Marriott, Regis, Cash, stow, HBO Max, Insider’s, Read, Cardholders, it's, IHG, you'll, cardholders, It's, General Delta, they're, there's, Jasmin Baron, Angela Fung Organizations: Business Insider, Citi, Mastercard, American, TSA, Trusted, U.S . Customs, Border Protection, Business, Chase, American Express, CBP, Chase Sapphire, Chase Travel, Sapphire, FDIC, Express, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, Global, Saks Fifth, Capital, One, Elite, Marriott Bonvoy, Ritz, Carlton, TSA PreCheck, Cell, New Hampshire Insurance Company, AIG Company, Hotels, Resorts, United, InterContinental ®, Crowne Plaza, United ®, United Club, ℠, Delta, Delta SkyMiles, U.S, Card, Delta SkyMiles ®, Delta Sky Clubs, ®, SkyMiles ®, Delta Sky Club, Delta Sky, EV, Netflix, Hulu, Spotify, Apple Music, HBO, Bank, US Bank, cardholder, Samsung, Delta Airlines, Air Canada Aeroplan, British Airways, Wyndham, One Venture, NEXUS, Chase Sapphire Reserve, Citi ®, American Airlines, Admirals Club, AA itineraries, Citi AAdvantage, Express Card, American Express Card, Delta SkyClub, Apple, Free, Credit, Delta Diamond Medallion, Finance Locations: U.S, Hulu, Caribbean, delta.com, Canadian, Delta, AmexTravel.com, Chevron, Canada

Several major banks, including Capital One 360, Ally, and BMO Alto, responded by dropping their high-yield savings account rates. It's not as easy to find 5% interest savings accounts as it was before the Fed meeting. However, there are ways you can navigate savings rate declines to keep earning a high interest rate for a bit longer. Savings account interest rate dropsIf you're using a major online bank to earn a high interest rate on your savings account, you might be disappointed by the recent Fed interest rate cuts. Capital One 360 Performance Savings fell from 4.25% APY to 4.10% (rate as of 9/27/24) APY, while Ally lowered its savings account rate from 4.20% to 4.00% APY.

Persons: —, Ally didn't, Ally, Marcus, Goldman Sachs, Pibank, we've, you'll, Kit Pulliam, They’ve, Kit Organizations: Fed, BMO Alto, Federal Reserve, Capital, BMO, CIBC USA, Navy Federal Credit Union, Pibank Savings, Pulliam, Business, Tax, MSN, Vanderbilt University

☆ OpenAI will let employees sell some stock after its monster fundraising round
▼ + stars: | 2024-10-02 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

OpenAI workers may soon be allowed to sell their shares in the AI firm, The Information reported. The report cited a memo sent to employees that said details on stock sales were being worked out. OpenAI raised $6.6 billion in its latest fundraising round. AdvertisementWorkers at OpenAI may soon get the opportunity to sell some of their shares in the company, The Information reported, citing a company memo. The move to allow employees to cash in follows the ChatGPT creator's $6.6 billion fundraising round.

Persons: OpenAI, —, Sarah Friar, OpenAI's, Friar, Sam Altman, Mira Murati Organizations: Service, Microsoft, Nvidia, Wall Street Locations: OpenAI

☆ Key lines from the Vance-Walz vice presidential debate
▼ + stars: | 2024-10-02 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +19 min

Here are key lines from the debate, which was hosted by CBS News in New York City on Tuesday. Vance said many of the things Trump says, but he did it with a control that Trump lacks. The only answer is during the four years that Donald Trump was president. We have a historic immigration crisis because Kamala Harris started and said that she wanted to undo all of Donald Trump’s border policies. We could come together and solve this if we didn’t let Donald Trump continue to make it an issue.

Persons: Tim Walz, Sen, JD Vance, Vance, don’t, Vance Vance, Donald Trump, Donald Trump’s, Trump, Walz, Walz Walz, I’m, didn’t, Vance Trump’s, Joe Biden, Kim Jong Un, Chip Somodevilla, I’ve, we’re, Walz Vance, Kamala Harris, Vance Walz, you’ve, You’ve, Kamala Harris ’, Matthew, ‘, Margaret Brennan, Norah O'Donnell, Brendan McDermid, Reuters We’re, We’re, Vance It’s, Robert F, Kennedy Jr, ”, Harris, Biden, Nora, we’ve, Wade, Roe, Amber Thurman, Sandy, Walz misspoke, That’s, Vance Both Walz, You’re, Vance Child, Vance Trump, Walz Trump, It’s, he’ll, he’s Organizations: CNN, Gov, Minnesota, CBS News, Social Security, Trump, NATO, CBS, Center, Reuters, Mayo Clinic, Pharmaceuticals, Sandy Hook Elementary, Minnesota Gov, Affordable, Biden, Democratic Locations: Ohio, New York City, Israel, Iran, American, Afghanistan, Syria, Iraq, America, Mexico, Springfield , Ohio, Springfield, New York, Rochester , Minnesota, Hong Kong, China, Roe, Georgia, Finland

☆ Palmer Luckey's buzzy defense firm Anduril is expanding into the space business
▼ + stars: | 2024-10-02 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Palmer Luckey's defense tech startup Anduril is setting its sights on space. AdvertisementDefense tech startup Anduril is fast building a reputation for disrupting the traditional defense industry with its futuristic flying and underwater autonomous devices. Anduril said the mission would "be the foundation for Anduril and Apex's commitment to regularly deploying more mass to orbit. " Last week, the company landed a $25.3 million contract with the US Space Force, a branch of the military established four years ago to protect US interests in space. AdvertisementAnduril has been contracted to expand the use of its artificial intelligence-powered Lattice software on Space Force's Space Surveillance Network (SSN).

Persons: Palmer, Anduril, —, Palmer Luckey, Gokul Subramanian Organizations: Apex, Service, Defense, SpaceX, US Space Force, Surveillance, Space, Engineering, US Air Force, Australia's Navy, Air Force Locations: United States, Anduril's

CNN —Mark Chavez, one of the two doctors charged in connection with “Friends” star Matthew Perry’s death, has pleaded guilty to one count of conspiracy to distribute ketamine as part of a plea agreement during a court appearance in Los Angeles on Wednesday. Chavez is accused of providing Dr. Salvador Plasencia – who is also charged in connection with Perry’s death and has previously pleaded not guilty – with the ketamine given to Perry through a fraudulent prescription, according to court documents. Plasencia and Chavez are among the five people who have been charged in connection with the death of the beloved actor. Perry’s personal assistant Kenneth Iwamasa and an acquaintance of Perry’s, Erik Fleming, were also charged and, along with Chavez, have been cooperative with prosecutors. Fleming, who pleaded guilty to one count of conspiracy to distribute ketamine and one count of distribution of ketamine resulting in death, and Iwamasa, who pleaded guilty to one count of conspiracy to distribute ketamine causing death, have sentencing dates set in the coming months.

Persons: Mark Chavez, Matthew Perry’s, Chavez, Perry, Matthew Perry, Kevin Winter, Salvador Plasencia –, Plasencia, Perry’s, Kenneth Iwamasa, Erik Fleming, Fleming, Iwamasa, Jasveen, –, Matthew Binninger, CNN’s Taylor Romine, Cheri Mossburg, Nick Watt, Jack Hannah Organizations: CNN, Angeles, Angeles County Medical, US, Office, David Geffen School of Medicine, UCLA Locations: Los Angeles, Angeles County

☆ India has emerged as one of the best global markets for the long haul. Here are the drivers—and how to play the rally
▼ + stars: | 2024-10-02 | by ( Pia Singh | In | ) www.cnbc.com time to read: +7 min

India's recent stock market surge has investors viewing the country as an emerging market poised for long-term outperformance. The India NSE Nifty 50 Index , the country's domestic stock market benchmark, has soared 18.7% this year, hitting record levels. "The data show that, historically, the Indian market has offered robust returns with reduced volatility." Going back to 2015, INDA has seen bigger annual gains and smaller declines than the broader emerging market fund. How to play the Indian market Financials are among investors' favorite spots in India's booming stock market.

Persons: It's, Malcolm Dorson, Dorson, GlobalX, Russell, —, EEM, INDA, Amr Abdel Khalek, Khalek, Jerome Powell, Venugopal Garre, Krishna Mohanraj, You've, Mohanraj Organizations: India NSE, Global, CNBC, U.S, Federal, Fed, Nasdaq, China, MRB Partners, Traders, Barclays, Diamond Hill Capital Management, HDFC Bank, ICICI Bank, Axis Bank, ICICI, HDFC, Whitehaven Coal, Prestige Estates Locations: India, China, Dorson, U.S, Whitehaven

☆ Hurricane Helene ravaged our 10-year-old furniture store in Asheville. We lost everything, but we're not walking away.
▼ + stars: | 2024-10-02 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +4 min

Megan and Todd Walsh are the owners of Asheville-based Atomic Furnishing & Design. Hurricane Helene ravaged the 10-year-old business, destroying 95% of the store's inventory. AdvertisementMegan Walsh is the cofounder of Atomic Furnishing & Design, a 10-year-old vintage furniture company located in Asheville, North Carolina, which she owns and operates with her husband, Todd Walsh. This as-told-to essay is based on a transcribed conversation with Megan Walsh, 37, after Hurricane Helene ravaged the couple's business. Courtesy of Atomic Furnishing & DesignIn the meantime, we can't sit still.

Persons: Megan, Todd Walsh, Hurricane Helene, Megan Walsh, —, Todd, we've, It's, Helene, I'd, Walsh, We're Organizations: Service Locations: Asheville, Hurricane, Asheville , North Carolina, Biltmore Village

☆ Millions of Americans could lose out on more than $700 in healthcare benefits if Congress doesn't keep these tax credits
▼ + stars: | 2024-10-02 | by ( John Towfighi | ) www.businessinsider.com time to read: +7 min

When buying healthcare coverage through the ACA marketplace, people can qualify for premium tax credits, which aim to make health insurance payments more affordable. According to KFF, these enhanced subsidies or premium tax credits caused a surge in enrollment in the ACA marketplace. AdvertisementThe election could shape the future of enhanced premium tax creditsThe November election could determine the future of the enhanced subsidies. The Congressional Budget Office estimates that the premium tax credits will cost taxpayers $335 billion over the next 10 years. Do you qualify for enhanced premium tax credits Please reach out at jtowfighi@businessinsider.com.

Persons: KFF, —, Kamala Harris, Donald Trump, Cynthia Cox, Sen, Jeanne Shaheen, Tammy Baldwin, Lauren Underwood, We've, Cox, Claire Heyison, CBPP, Harris, that's Organizations: Service, Affordable, American, Senate, Cox, ACA, Budget, Trump, Republican, Congressional, Reuters Locations: enrollees, KFF . Florida, Texas, Georgia, North Carolina, Washington

☆ I hired a virtual assistant after I realized how overwhelmed I was with work. Asking for help was hard, but it's been so worth it.
▼ + stars: | 2024-10-02 | by ( Tawny Lara | ) www.businessinsider.com time to read: +6 min

I hired a virtual assistant and work with her five hours a week. AdvertisementI burned a pot of black beans the day I hired my virtual assistant. I asked her to tell me more about this whole virtual assistant thing, and it sounded like just what I needed. Asking for help was hard but necessaryI didn't expect considering outsourcing tasks to bring up so many confronting emotions. I compared the average rate for a virtual assistant ($26.34 per hour nationally, ranging from $30-$40 in NYC, where I live) to what I charge hourly for my services.

Persons: I've, —, Sarah —, Sarah, There's, we've Organizations: Service, VAs Locations: NYC

☆ Boris Johnson said Queen Elizabeth II had bone cancer. It's not unusual for royals to keep health troubles private.
▼ + stars: | 2024-10-02 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +7 min

Former Prime Minister Boris Johnson wrote in his memoir that Queen Elizabeth II had bone cancer. AdvertisementAfter Queen Elizabeth died on September 8, 2022, her official cause of death was listed as old age. Queen Elizabeth II's father died of lung cancer, which Harris said George himself may not have seen coming. "Both Queen Elizabeth II and Prince Philip always wanted the headlines to be focused on the work of the monarchy rather than their individual health conditions," Harris said. Queen Elizabeth and Prince Philip were both private about their health.

Persons: Boris Johnson, Queen Elizabeth II, King Charles III, —, Elizabeth, Johnson, Edward Young, wasn't, Gyles Brandreth, Buckingham, Carolyn Harris, King George VI's, Queen Elizabeth II's, Harris, George, Prince Philip, King George VI, Princess Elizabeth, Lisa Sheridan, Lisa, Kristen Meinzer, Queen Elizabeth, Tim Graham, Philip, Liz Truss, Meinzer, David Cameron, Charles, Kate Middleton, Princess, Wales, King Charles, Samir Hussein, King Charles III's, Prince of Wales, Jonathan Dimbleby, Kate, it's Organizations: Service, The Daily, Business, Getty Locations: Balmoral, Scotland

☆ Wizz says passengers will 'suffer' through 7-hour flights on its new Airbus A321XLR for cheap tickets. See the no-frills cabin.
▼ + stars: | 2024-10-02 | by ( Taylor Rains | ) www.businessinsider.com time to read: +2 min

Wizz Air is set to launch new long-haul routes using its upcoming Airbus A321XLR. The first flights, a seven-hour trek, will start in March between London and Jeddah, Saudi Arabia. Wizz Air will offer significantly cheaper fares compared to competitors like British Airways. AdvertisementLow-cost carrier Wizz Air is banking that price-sensitive customers will book its new no-frills narrowbody planes to save money on long-haul flights — and it's not being shy about the cabin. Wizz's new long-haul flights on the A321XLR won't even come with free water.

Persons: —, Wizz, József Váradi, Abu Dhabi Organizations: Airbus A321XLR, British Airways, Service, Wizz, Airbus, London, Etihad Airways Locations: London, Jeddah, Saudi Arabia, Hungarian, London Gatwick, Milan, Abu Dhabi, Abu, UAE

☆ Eli Lilly to build $4.5 billion research and manufacturing center to propel drug pipeline
▼ + stars: | 2024-10-02 | by ( Angelica Peebles | In Angelicapeebles | ) www.cnbc.com time to read: +2 min

Eli Lilly will spend $4.5 billion to build a center aimed at finding better ways to manufacture its medicines. The facility, called the Lilly Medicine Foundry, will house development of new manufacturing methods with an eye toward efficiency. It's a strategy that's already paying off with Lilly's obesity and weight loss drugs Mounjaro and Zepbound, and Lilly wants it to propel the rest of its pipeline. Lilly says the facility will be the first of its kind to combine research and production in a single location. It will be near a $9 billion manufacturing complex Lilly is building in Lebanon, Indiana, to produce pharmaceutical ingredients like tirzepatide, the active ingredient in Mounjaro and Zepbound.

Persons: Eli Lilly, Mounjaro, Lilly, David Ricks, –, Dan Skovronsky Organizations: Lilly, Foundry, Indianapolis, Novo Nordisk's Ozempic Locations: Indianapolis, Lebanon , Indiana, tirzepatide

☆ This strategy can maximize yield even as interest rates fall
▼ + stars: | 2024-10-02 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

The strategy is meant to minimize interest rate risks, explained Saraja Samant, a manager research analyst at Morningstar. Wisdom Tree has two Treasury ladder ETFs: a one- to three-year fund and a seven- to 10-year fund. Schwab has Treasury bond ladder strategies in separately managed accounts operated by its Wasmer Schroeder Strategies' team. "They can add to or take from the entire bond ladder all at once, which is challenging to do with an individual bond ladder." The 'comfort' of a ladder To build a Treasury ladder, investors can go to Treasury Direct or use a broker dealer and tailor it to their needs, Samant said.

Persons: you'll, Saraja Samant, Robert Scrudato, Schwab, Schroeder, Barry Glassman, Morningstar's Samant, Samant, Michael Kessler, Glassman, Kessler, he's Organizations: Federal, Morningstar, Treasury, BlackRock, Securities and Exchange Commission, Wealth, Albion Financial, AAA Locations: Vienna , Virginia, Salt Lake City

☆ Mark Cuban drunkenly called American Airlines after selling his first company—and bought a lifetime flight pass for $125,000
▼ + stars: | 2024-10-02 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Entrepreneur and investor Mark Cuban took it a few steps further, spending six figures to buy a lifetime flight pass. Cuban didn't know if lifetime flight passes even existed, he said, but he grabbed a phone and dialed up American Airlines anyway. In 1994, American Airlines replaced the AAirpass with a similar membership, Airpass, which offered fixed-rate flights for frequent business travelers. Let's call American Airlines.'" "[Buying a plane] was my all-time goal because the asset I value the most is time, and that bought me time," Cuban told Money in 2017.

Persons: Mark Cuban, —, Shay Shay, Cuban, I've, I'm, Get Organizations: CompuServe, Airlines, Cuban, American Airlines, Yahoo, Gulfstream, CNBC Locations: Cuban, LA, Dallas

☆ Tesla stock slips after EV maker misses estimates on deliveries
▼ + stars: | 2024-10-02 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

In the year-ago period , Tesla reported 435,059 deliveries and production of 430,488 EVs. Last quarter, the company reported 443,956 deliveries, and production of 410,831 vehicles. Deliveries are not defined in Tesla's financial disclosures, but are the closest approximation to units sold reported by the company. Analysts were expecting deliveries of 463,310 in the period ended Sept. 30, according to estimates compiled by FactSet StreetAccount. Tesla posted its third-quarter vehicle production and deliveries report on Wednesday.

Persons: Tesla, Li Auto, FactSet StreetAccount, Ford, Tesla hasn't, Elon Musk, Donald Trump, Musk Organizations: Li, Tesla, EV, Ford, General Motors, GM, Nasdaq, Hyundai Locations: China, Seattle , Washington, US, U.S

☆ Young Chinese are 'retiring' in the countryside as China's unemployment woes grate
▼ + stars: | 2024-10-02 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +6 min

Vcg | Visual China Group | Getty ImagesFed up with China's employment situation, young people on the mainland are retreating to the countryside. China's youth unemployment rate in August hit a new record of 18.8%, the highest since the new system of record-keeping began in December. Young Chinese transplanting rice seedlings in a field. Vcg | Visual China Group | Getty ImagesBut China's young "retirees" have pushed back against criticism that they are too picky or have given up. Such accusations, while unfair, are understandable in Chinese societal culture and context, said Hang Seng Bank China's Wang.

Persons: Gen, Wenzi Dada, Chung Chi, Chung Chi Nien, That's, Chung, Dan Wang, Wang, Keyu Jin, Wenzi, Gen Z Organizations: Visual China, Getty, CNBC, Hong Kong Polytechnic University, Hang Seng Bank, London School of Economics, Hang Seng Locations: Chongqing, China, Guizhou, Wenzi, Yunnan, Sichuan —, Shanghai, Hang Seng Bank China

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