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☆ How I went from community college to a Blackstone internship in just 5 years
▼ + stars: | 2024-09-16 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +9 min

I decided to attend the Bureau of Manhattan Community College to build up my academic skills before eventually transferring to City College. That person suggested I apply to Blackstone's LaunchPad, which gives first-generation college students a chance to experience corporate life through an internship. Before this internship, I had no corporate experience, but now I feel confident because I've succeeded at such a big firm with a good reputation. AdvertisementHere's how I went from being the first person in my family to apply to college shortly after moving to the US to an internship at Blackstone in just a few short years. He referred me to a campus recruiter from Blackstone and also told me about the LaunchPad internship.

Persons: Elian Hilario, Blackstone's, I've, Elian, Braven, Blackstone, LaunchPad, Maura Pally, I'm, we've Organizations: Service, Manhattan Community College, City College, Business, Blackstone, DEI, Diverse, Analysts, Blackstone Charitable Foundation Locations: New York, Dominican Republic, Blackstone's, Blackstone, of New York

☆ Don’t expect much from stocks for the next decade, says JPMorgan
▼ + stars: | 2024-09-16 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

As investors are navigating all the buzz about this week's potential rate cut and the upcoming presidential election, JPMorgan is forecasting a serious risk to long-term stock returns. The market appears to be too expensive relative to history, according to the firm, which is projecting a 5.7% annual return from the S & P 500 over the next decade. That is barely above half its post-World War II average, analyst Jan Loeys said in a recent note to clients. .SPX 5Y mountain S & P 500 performance over the past five years. The "Great Moderation" refers to the period from the mid-1980s to 2007 that saw low inflation and steady economic growth.

Persons: Jan Loeys, Loeys Organizations: JPMorgan

☆ Crypto spending on 2024 election hits $190 million, led by Winklevoss twins
▼ + stars: | 2024-09-16 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +6 min

The Winklevoss twins, Coinbase and Ripple didn't immediately respond to requests for comment. Huge jump from 2020Delmore, who has been assembling reports on crypto donations in the 2024 election for blockchain analytics platform Breadcrumbs, told CNBC that industry spending is nearly double where it was in the mid-terms — more than $190 million in the 2024 election versus $98 million in the 2022 election. It's nearly 13 times spending in 2020 of $15 million — a figure based on a mix of data from FEC and OpenSecrets filings. Unlike the past two election cycles, which featured spending from the now-bankrupt crypto exchange FTX and founder Sam Bankman-Fried, this year's contributor list is more robust and diverse. "Most of the crypto donations in 2022 were from FTX and SBF and almost all of them went to Democrats or PACs that support Democrats," Delmore said.

Persons: Tyler Winklevoss, Cameron Winklevoss, Joe Raedle, Cameron, James Delmore, Donald Trump, Chris Larsen, Brad Garlinghouse, Ro Khanna, John Deaton, Democratic Sen, Elizabeth Warren, Stuart Alderoty, Alderoty, Ripple, David Sacks, Trump, Gary Gensler, Gensler, Harris, Biden, Delmore, It's, Sam Bankman, Fried, Andreessen Horowitz, Coinbase, Coinbase's Organizations: Gemini, Mana Convention, Getty, CNBC, Trump, Republican, Trump America PAC, Fairshake PAC, Labs, Democratic, SEC, San, FEC, Citizen, Fairshake, Bloomberg, Crypto Alliance, DC Locations: Wynwood, Miami , Florida, bitcoin, Massachusetts, San Francisco, FTX

☆ Mary Robin Walter: Kansas cold case ends 44 years later as man is sentenced for killing his former neighbor in 1980
▼ + stars: | 2024-09-15 | by ( Associated Press | ) edition.cnn.com time to read: +3 min

The Kansas Attorney General’s Office said in a statement Friday that it was Hanks’ admission in new interviews that allowed authorities to charge him in 2022, when he was living in Burden, Kansas. The sheriff said they believe it is the oldest cold case in Kansas to be solved and result in a conviction. In his interviews, Hanks admitted to killing Walter, the attorney general’s office said. The statements from the sheriff and attorney general’s office, and online court records, don’t say whether Hanks ever revealed his motive for killing Walter. Officials with the attorney general’s office and Hanks’ attorney did not immediately respond to requests for comment from The Associated Press on Saturday.

Persons: Mary Robin Walter, Brian Bellendir, Steven L, Hanks, Steve Johnson, ” Bellendir, “, ” Walter, Detective Adam Hales, David Paden, Walter, Jessica Domme, ” Domme, Bellendir Organizations: Bend , Kansas AP, The, The Kansas Attorney General’s, Police, Wichita Eagle, Kansas Department of Corrections, Associated Press Locations: Bend , Kansas, Kansas, Great Bend, Barton County, The Kansas, Burden , Kansas

☆ The office market is in trouble. Lower interest rates might not be enough to save it.
▼ + stars: | 2024-09-15 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

Read previewOffices have been the weak spot in the commercial real estate market since the pandemic gave rise to widespread remote work and caused companies to reassess how much space they need. The Federal Reserve's likely interest rate cut, expected at the end of its meeting on September 18, could give office owners some relief with lower interest rates when they refinance. But that doesn't mean they're in the clear, according to commercial real estate experts. Right now, most commercial real estate loans come from small, regional banks, but that could change. AdvertisementYet even with the weakness in the office market, lower interest rates are a net positive for the industry, economist Richard McGahey says.

Persons: —, Lisa Pendergast, Pendergast, Lisa Knee, Knee, It's, Richard McGahey, McGahey Organizations: Service, Business, CRE Finance

The Saints, one week after blowing out the lowly Carolina Panthers, did the same in Dallas to the high-flying Cowboys. The Ravens were in control for most of the game and then Davante Adams and Brock Bowers took over. The Ravens aren’t built to win when their defense softens — but that isn’t to say they won’t find ways to play the kind of defense the Ravens are known for. Meanwhile, the Saints’ defense denied the Cowboys on all three trips inside the red zone and recorded two takeaways. He made some strong in-structure throws, including a beauty to Noah Brown in the middle of the field late in the game to win the game.

Persons: Aaron Rodgers, It’s, Mike Jones, Ted Nguyen, Dan Pompei, Mike Macdonald’s, Gardner Minshew, Jones, Macdonald, Anthony Weaver, Dennard Wilson, Patrick Queen, Jadeveon, Zach Orr, Davante Adams, Brock Bowers, Justin Tucker, they’re, Clooney, MacDonald, Derrick Henry, he’s, Brandon Stephens, Adams, Mike, Baker Mayfield, Tom Brady, I’m, Last, Derek Carr, Klint Kubiak, Carr, Vita Vea’s, Mike Evans, Chris Godwin, Goff, they’ve, Nguyen, Brian Flores, Brock Purdy, Purdy, Christian McCaffrey, Brandon Aiyuk, Jordan Mason, McCaffrey, Mason, Deebo Samuel, George Kittle, Kyle Shanahan, Trent Williams, Purdy wasn’t, Sam Darnold, Caleb Williams ’, Jayden Daniels, Kliff Kingsbury, Daniels, Terry McLaurin, Noah Brown, Austin Seibert’s, it’s, Brandon Sloter Organizations: Raiders, Ravens, Bucs, Lions, Seahawks, Patriots, Jets, Carolina Panthers, Cowboys, Athletic NFL, Mike Macdonald’s Seahawks, Baltimore Ravens, Dolphins, Tennessee Titans, Buffalo Bills, Baltimore, Detroit, Tampa, Saints, NFC East, Eagles, Buccaneers, NFC, Dallas, 49ers, San, NFC West, Vikings, Giants, Daniels, Austin Locations: Baltimore, Detroit, Nashville, Dallas, Tampa, . New Orleans, New Orleans, Minnesota, San Francisco, Aiyuk, Washington

☆ USS White River: How the US Navy transformed a landing vessel into a legendary rocket artillery ship
▼ + stars: | 2024-09-14 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +14 min

Rather than building an entirely new vessel, it was decided to modify medium-sized landing ships (classified as LSMs for 'Landing Ship Medium'). Officially renamed USS White River in 1955, the ship was decommissioned again in 1956. A day after that, White River fired on a nearby VC anti-aircraft site, destroying it and killing or wounding 11 guerillas. Winstead/National ArchivesFuture shore bombardment and LSMsDespite its value and firepower, by 1970, White River was showing its age. Now known as the Medium Landing Ship program, the Navy hopes to acquire 18 to 35 of the vessels.

Persons: —, White, Cmdr, Roy E, McCoy, Chris Page, we'd, R.E, Winstead, USS Zumwalt, hasn't, they're, Benjamin Brimelow Organizations: Service, US Defense Department, Business, Navy, US Navy, USS, National Archives ', Archives, Atlantic Reserve Fleet, Pacific Fleet, Pacific Reserve Fleet, South Vietnamese Army, Archives Future, Naval, AGS, Marine Corps, Operations, Corps, Global Affairs, Fletcher School of Law, Diplomacy, Modern, Institute Locations: Ukraine, White, beachheads, Pacific, Africa, Europe, Plaines, California, Japan, LSMR, Ch'o, Korean, San Diego, Vietnam, South, Ngãi Province, South Vietnam, Cambodian, Gulf, Thailand, Delta, Viet, Quảng Ngãi, Phuoc Tuy Province, Missouri, West

In fact, the Biden administration recently imposed its own set of tariffs, while extending ones first levied during the Trump administration. Take the tariffs the Trump Administration imposed on washing machines in 2018. The washing machine tariffs were part of a broad new tariff regime Trump imposed in an effort to protect American workers from anti-competitive Chinese trade practices. It resulted in what is generally viewed as a “trade war” involving retaliatory tariffs imposed on American goods. The White House gave a rationale similar to the Trump administration when it announced its tariffs.

Persons: Kamala Harris, Donald Trump, Trump, ” Trump, ” Harris, Biden, Harris, —, There’s, ”, ” Biden, Douglas Irwin, ” Irwin, ” Sen, Sherrod Brown, Sen, Tom Cotton, Nick Iacovella, “, ” Iacovella, Davis Organizations: GOP, Democratic, Tax, Trump, Coalition for, Prosperous, White, American Enterprise Institute, Federal, “ Ohio steelworkers, “ Workers, Administration, U.S . Steel, Harvard University, University of California Locations: China, Prosperous America, U.S, Mexico, Ohio , New York, Ohio

☆ Stonehenge’s Altar Stone: Research rules out Scottish site as source
▼ + stars: | 2024-09-13 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

That research, published in the journal Nature, overturned a century-old idea that the stone came from current-day Wales. The Altar Stone, the largest of the bluestones used to build Stonehenge, lies at the heart of the ancient monument in southern England. “The Altar Stone is anomalous in many ways to both the bluestones and the sarsens at Stonehenge,” Bevins said. But discovering that Wales was unlikely to be the origin site for the Altar Stone was a game changer, Bevins said. The researchers compared their findings with samples from the Altar Stone and found no mineralogical connection between the rocks.

Persons: Nick Pearce, ”, Richard Bevins, ” Piecing, ” Bevins, Bevins, Paul Williams, Stenness, T Schaeffer, “ Organizations: CNN, Archaeological Science, Aberystwyth University “, UK’s Aberystwyth University, Aberystwyth University Locations: Scotland, Wales, Orkney, England, Orkney’s, Aberystwyth, Wiltshire, Salisbury, Woods, Marlborough, Preseli, British, Orkney's, Shetland, Caithness, Sutherland, Inverness, Aberdeenshire, Britain

☆ How Harris aims to keep drawing eyeballs as the hard campaigning begins
▼ + stars: | 2024-09-13 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +10 min

Michigan and Wisconsin are looking like the best of the bunch for Harris, according to the campaign’s internal numbers. As pumped as Harris aides are about her debate performance earlier this week, they don’t think it changed any of that. “There’s a quiet confidence and security in what we’re doing and the mission, but no one thinks we have this in the bag,” said a Harris campaign aide. We’ll definitely be having some fun,” an Obama aide told CNN. The former president will kick off his work at a fundraiser he’s hosting for Harris next week in Los Angeles.

Persons: Jen O’Malley Dillon –, Joe Biden, Kamala Harris –, Biden, Harris, O’Malley Dillon, Trump, Liz Cheney, “, ”, “ It’s, ” Harris, Swift, Beyoncé, You’ve, Oprah Winfrey, goading Trump, Tim Walz, Vance, David Plouffe, Barack Obama’s, — carryover Biden, Obama, O’Malley, Plouffe, Hillary Clinton, Dan Kildee, he’s, they’re, ” Kildee, –, influencers, Michelle Obama, ‘ There’s, — Harris, aren’t, won’t, Ben Wikler, ” Mitch Landrieu, panicking, she’s, ” Landrieu, there’s Organizations: CNN, Trump, Harris, GOP, National Association of Black Journalists, Philadelphia, Democratic, Naval, Republican National Committee, New, Biden Locations: Wilmington, North Carolina, Arizona, Nevada, Georgia, . Michigan, Wisconsin, Chicago, Miami , New Orleans, Indianapolis, Pittsburgh, Michigan, Washington, Los Angeles, New Orleans

The bottom line: You may like First Internet Bank of Indiana if you are comfortable with an online-only banking experience. Compare First Internet Bank of Indiana products First Internet Bank of Indiana Free Savings AccountFirst Internet Bank of Indiana Free Checking AccountFirst Internet Bank of Indiana CDFirst Internet Bank of Indiana Money Market Account Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. How First Internet Bank of Indiana worksFirst Internet Bank of Indiana is an online bank with no physical branches. First Internet Bank of Indiana trustworthiness and BBB ratingFirst Internet Bank of Indiana does not have any public controversies. How First Internet Bank of Indiana comparesWe've compared First Internet Bank of Indiana to two other online banks: Ally Bank and Discover® Bank (FDIC Insured) .

Persons: It's, We've, Ally, You'll Organizations: First, Bank of Indiana, Bank of Indiana Free Savings, Internet Bank of Indiana, Market, First Internet Bank of Indiana's, Bank of Indiana Free, Internet Bank of Indiana Free Savings, FDIC, Plus Alliance, Network, First Internet Bank of Indiana, Alliance, Apple, Google, Internet Bank, Indiana, Better, Bank of, Ally Bank, Discover ® Bank, Discover Locations: Chevron, Bank of Indiana

☆ China's plan to boost consumption by encouraging trade-ins has yet to show results
▼ + stars: | 2024-09-13 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

A banner plays up China's trade-in policy at a home goods expo in Qingdao, Shandong province, China, on June 1, 2024. Nurphoto | Nurphoto | Getty ImagesBEIJING — China's plan to boost consumption by encouraging trade-ins has yet to show significant results, several businesses told CNBC. Analysts are not overly optimistic about the extent to which the trade-in program could support retail sales. China's retail sales for August are due Saturday morning. Retail sales in June rose by 2%, the slowest since the Covid-19 pandemic, while July sales growth saw a modest improvement at 2.7%.

Persons: Jens Eskelund, Tao Wang, Sally Loh, Otis, Kone, We've, Ilkka Hara, Hara Organizations: Nurphoto, Getty, BEIJING, CNBC, EU Chamber of Commerce, UBS Investment Bank, China, U.S, Otis Locations: Qingdao, Shandong province, China, Greater China

Aid workers reached more than 90% of targeted vaccine coverage in the first phase of the UN-led campaign, according to the UN’s agency for Palestine refugees, UNRWA. Israel’s offensive in Gaza, launched after the Hamas-led October 7 attacks, has precipitated a humanitarian crisis and flattened critical infrastructure. Meanwhile, Israeli aid restrictions have severely depleted fuel stocks, chlorine and spare parts, stifling water production, purification and sewage pumping, according to the agency. Then in August, an 11-month old boy became the first person in Gaza in 25 years to be diagnosed with polio. Relief workers described repeated challenges to the campaign rollout – especially in northern Gaza – citing Israeli evacuation orders, roads damaged by bombardment, increased hostilities and scant fuel supplies.

Persons: “, Tedros Adhanom Ghebreyesus, ”, ” Mahmoud Shalabi, ” Shalabi Organizations: CNN, World Health Organization, WHO, UN, UNRWA, Humanitarian Affairs, United, WHO . Relief, Aid, MAP Locations: Gaza, Palestine, United Nations, Israel

☆ For decades, Chinese workers have retired relatively early. That’s about to change
▼ + stars: | 2024-09-13 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —For decades, Chinese workers have wrapped up their working lives at relatively young ages: 60 for men and as early as 50 for women. The announcement sparked immediate widespread discussion – and backlash – across Chinese social media. Some social media users appeared encouraged that the changes weren’t more drastic and included some flexibility. Major protests erupted in France in 2023 in response to a government attempt to raise the retirement age from 62 to 64. Even for those of working age, employment remains a steep challenge following the pandemic and a raft of government-led industry crackdowns in recent years.

Persons: ”, Yuan Xin, Yuan, Demographers, It’s Organizations: Hong Kong CNN, Xinhua, Communist Party, Weibo, China Population Association, Nankai University, for Economic Co, Development, Social, Communist, Ministry of Civil Affairs, Chinese Academy of Social Sciences, Employers Locations: Hong Kong, Beijing, China, Tianjin, France, Communist China

More than a half-million children in Gaza have received a first dose of the polio vaccine, the World Health Organization said Thursday. So far, Peeperkorn said, 552,451 kids received the oral drops of the polio vaccine during brief moments of humanitarian pause in the conflict between Israel and Hamas in Gaza. “Everywhere the team has gone, parents are doing all they can to ensure their child does not miss vaccination,” Peeperkorn said. Another NGO, MedGlobal, has given approximately 5,000 doses of the polio vaccine in Gaza. The strain that was found is linked to a polio vaccine that has not been used in the U.S. since 2000, but is still used in other parts of the world.

Persons: “, ” Dr, Rik Peeperkorn, Peeperkorn, ” Peeperkorn, hasn’t, wouldn’t, Chessa Latifi, ” Latifi, ”, Zaher, Balah, Latifi, “ There’s, “ We’re Organizations: World Health Organization, West Bank, HOPE, Centers for Disease Control Locations: Gaza, Israel, U.S, Gazan, Deir

☆ These 5 parts of the stock market are most at risk if Trump wins the election and implements wide-reaching tariffs, Barclays says
▼ + stars: | 2024-09-12 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The presidential candidate has pledged to unleash universal tariffs on all US trade if elected. The firm outlined which five sectors are the most exposed to losses if Trump wins and implements tariffs. To be sure, US firms have some way of navigating higher costs associated with tariffs, Barclays said. Other economists have loudly criticized Trump's tariff idea as fuel for inflation, given that prices will rise amid a pullback in foreign products. AdvertisementAccording to Barclays, inflation would climb 0.09 percentage points in the short run, and US GDP could take a 1.2% hit in the first 12 months.

Persons: Trump's, —, Donald Trump's, Kamala Harris, Trump Organizations: Barclays, Trump, Service, Democratic, Companies Locations: Mexico

☆ Retail credit card interest rates reach record high
▼ + stars: | 2024-09-12 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

Here’s one way to think about these kinds of high-rate burdens:Say you sign up for a retailer’s card the day you make a $1,000 purchase. Or, consider that the interest you’ll pay in that same scenario will wipe out the $200 you “saved” after just nine months of making minimum required payments. The lowest rate on a retail card that the study found was 10%, on the Amazon Secured Card. “There are narrow circumstances in which retail cards can work for you. For a loyal shopper who pays in full and avoids interest, that’s a compelling value proposition,” he said.

Persons: Bankrate, Sam, Big, you’re, Ted Rossman, ”, you’ll, “, Rossman, That’s Organizations: CNN, Academy, Nordstrom, Navy, Walgreens, QVC, Amazon, Military Star, Costco, Citi, IKEA Projekt, IKEA Visa Locations: Petco, Burlington, Banana, JCPenney, American

☆ Here’s what spending too much time on your phone can do to your kids
▼ + stars: | 2024-09-12 | by ( Kara Alaimo | ) edition.cnn.com time to read: +8 min

What’s more, when kids watched screens with their parents, the study found it didn’t help their language skills. Tulviste said the research team is planning a follow-up study to investigate patterns of screen use during the pandemic and the impact on kids’ language skills. But the negative impact on language development isn’t the only danger kids face when parents and guardians are on their phones, according to past research. The American Academy of Pediatrics offers advice on how to calm kids of different ages without screens on its website. Then, when they leave, I do my best to put my devices away and give my kids my full attention.

Persons: CNN —, ”, Jenny Radesky, don’t, ’, Tiia, Dr, Jaan Tulviste, Tulviste, Radesky, Lauren Tetenbaum, “, Tetenbaum, — it’s, —, it’s, Kara Alaimo Organizations: CNN, American Academy of Pediatrics, Excellence, Social Media, Mental, Estonia’s University of Tartu, University of Tartu, T’s, AAP, ”, Fairleigh Dickinson University, Women, Press, Facebook Locations: Westchester County , New York

☆ CEO of Ford's highly profitable Pro business to retire
▼ + stars: | 2024-09-12 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Ted Cannis, chief executive officer of Ford Pro, speaks during an interview in New York, on Thursday, July 28, 2022. DETROIT — The head of Ford Motor 's highly profitable "Pro" commercial and fleet business will retire at the end of this month, the company said Thursday. Ford Pro has been a profit-driver for the automaker. It has raked in about $18.7 billion in adjusted earnings and $184.5 billion in revenue since 2021, assisting in offsetting losses of its electric vehicles business. Such results led Wall Street to praise the business, as analysts have called it a "hidden gem" and Ford's "Ferrari ," referring to the highly profitable Italian sports car manufacturer.

Persons: Ted Cannis, DETROIT —, Andrew Frick, Ford, Jim Farley, Wall, Ferrari Organizations: Ford Pro, DETROIT, Ford Motor Locations: New York

☆ I waited 5 years after undergrad to enroll in graduate school. Waiting made me a better student.
▼ + stars: | 2024-09-12 | by ( Vanessa Ogle | ) www.businessinsider.com time to read: +4 min

AdvertisementWaiting helped improve my time managementSince my graduate school program met at night, I continued to work full-time. AdvertisementMore time meant more opportunities to hone academic skillsTo prepare for graduate school, I studied for the GRE. Graduate school actually gave me a valid way to put up more boundaries for a work-life balance. Ultimately, attending graduate school was a true honor, and it felt like a respite from the hectic demands of my day job. Graduate school was about making work that I was proud of, which was a nice change in my life.

Persons: —, wasn't, didn't Organizations: Service, Business Locations: undergrad

☆ California officials say mom who pushed for DUI laws was drunk, unconscious with dead toddler inside SUV
▼ + stars: | 2024-09-11 | by ( Tim Stelloh | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +3 min

The vehicle was parked outside Hernandez-Cazares’ apartment in Anaheim, southeast of Los Angeles, and temperatures at the time were roughly 104 degrees, the prosecutor’s office said. She is being held in lieu of $150,000 bail and faces a maximum sentence of 12 years in prison, according to the DA's office. The family members broke the Expedition's window and found Hernandez-Cazares passed out, the DA's office said. She was later found to have a blood alcohol level four times the legal limit, the prosecutor’s office said. The toddler was pronounced dead after efforts to resuscitate her failed, the prosecutor’s office said.

Persons: Sandra Hernandez, Hernandez, Cazares, Todd Spitzer, Spitzer, ” Organizations: mom’s Ford Expedition, Attorney’s, Hernandez, Orange County Public, Office, Medical Locations: California, Orange County, Anaheim, Los Angeles, North Dakota

☆ Morningstar: U.S. politics unlikely to have strong impact on TSMC business in the next 3-5 years
▼ + stars: | 2024-09-11 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorningstar: U.S. politics unlikely to have strong impact on TSMC business in the next 3-5 yearsPhelix Lee from Morningstar says the future for TSMC is quite bright despite geopolitical risks.

Persons: Phelix Lee, Morningstar Organizations: Morningstar

☆ Yen eyes 5-week high as focus turns to U.S. presidential debate, inflation
▼ + stars: | 2024-09-11 | by ( ) www.cnbc.com time to read: +2 min

Markets were also cautious ahead of the first debate between U.S. presidential hopefuls Kamala Harris and Donald Trump, with the candidates neck-and-neck ahead of the November election. The dollar was down 0.2% at 142.18 yen as of 0009 GMT, heading back towards the recent low of 141.75 yen, a level previously not seen since Aug. 5. The euro was little changed at $1.1019, after sliding to $1.10155 overnight for the first time since Aug. 19. Sterling was flat at $1.3080, following its drop to $1.3049 in the prior session, the weakest since Aug. 21. The stakes are particularly high considering the debate between Trump and President Joe Biden ultimately spurred the incumbent to drop out of the race.

Persons: Kamala Harris, Donald Trump, Sterling, —, Kyle Rodda, Trump, Harris, Joe Biden Organizations: Federal Reserve, Capital.com, Republican, Democratic, Trump

☆ American fast-food giants are going big on a China wager, betting they can get the country's new middle class to love them back
▼ + stars: | 2024-09-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +11 min

An expansion rate surpassing America'sKFC, run by Shanghai-headquartered Yum China, has historically enjoyed the lion's share of the country's fast-food cravings. Hopes for a new middle class in ChinaCities in China are unofficially grouped into tiers according to their status, size, and wealth. Chinese KFC has nearly doubled its menu itemsExpanding during a sluggish economy might make sense for fast food brands, which are often classified as recession-proof as consumers downgrade their spending. Advertisement"Now, they are doubling down further on this strategy by expanding into the inland regions of China, especially Tier Three and Tier Four cities with a growing middle class," they told BI. Yum China has also been expanding aggressively in the country's burgeoning coffee scene, establishing a popular spin-off called KCoffee.

Persons: —, It's, McDonald's, Shaun Rein, Rein, Allison Malmsten, Malmsten, Cui Nan, Wang Gang, Jonathan Bernstein, Bernstein, Kung Fu, Daxue, it's, They've Organizations: Service, Thursday, Business, McDonald's, Tier, China Market Research Group, KFC, LONG, Future Publishing, Getty Images, China, US, Yum China, Daxue Consulting, Publishing, China News Service, Getty, Analysts, Yonder Consulting Locations: China, Kentucky, Weibo, Hangzhou, China's, Shanghai, China Cities, Beijing, Guangzhou, Shenzhen, Chengdu, Chongqing, Nanyang, Suqian, Jiangsu, London, Asia, Shanghai thronged

Leo and Faith Jean-Louis were paying about $2,200 in minimum monthly payments towards their debt. In order to maintain their debt payments, the couple had a minimum monthly payment of $2,200 between the two of them. At that rate, it would take them 15 years and cost them $125,000 in additional interest to pay off their debt. After returning from their honeymoon in Greece, they decided to tackle their debt and pay it off as soon as possible. Leo and Faith didn't want their kids to start their lives off financially behind or in debt like they did.

Persons: Leo, Faith Jean, Louis, —, Leo Jean, Roth, Faith didn't, Faith, hadn't, doesn't, Faith babysat, couldn't Organizations: Service, Ramsey Locations: Greece

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