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Unless the economic outlook changes, mortgage rates may hold steady for the rest of 2024. If they were to weaken unexpectedly, that could spur the Fed to cut rates more aggressively, which in turn could push mortgage rates down further. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. But now that inflation has decelerated and the Fed is expected to cut rates soon, mortgage rates have trended down. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: you'll, They've, they've, Freddie Mac, it's, Fannie Mae Organizations: Fed, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Mortgage, Association Locations: Chevron

☆ Do this 1 exercise today to be happier and healthier, life coach says
▼ + stars: | 2024-09-26 | by ( Gili Malinsky | ) www.cnbc.com time to read: 1 min

It is easy to walk through life feeling not good enough. In American culture in particular, people often look to external factors like a salary or material possessions to dictate their status or worth. The problem is, looking for validation outside of yourself "is a slippery slope and it is a bottomless pit," she says. You "will never feel good enough because there will always be something else" to achieve, another goal post to reach. When Hogi, whose book "How to Find True Love" hits shelves in April 2025, sees her clients struggling with self-worth, she suggests an exercise that helps them reframe.

Persons: Francesca Hogi, Hogi

Read previewIt could be the end of an era for publishers on Snapchat. A fourth said any time publishers get mixed up with creators, it's bad for publishers, adding that their Snapchat revenue was already in decline so the platform had become less of a focus. A few years later, as user-generated content became dominant on social apps like TikTok, the company shifted focus to individual content creators. Advertisement"The way they're structured now is less built to over cater to traditional publishers," a fifth Snap publisher exec said. ESPN on Snapchat Discover SnapchatSome publishers have shifted resources away from Snapchat during a challenging period for the media business as a whole.

Persons: —, Snapchat Snapchat, it's, Evan Spiegel, Presley Ann, Getty, Snap's, Spiegel, Digiday, influencers, Ben Reininga, Sophie Crowther, There's, Ben Jeffries Organizations: Service, Big Tech, Business, Publishers, Meta, Google, ESPN, The Daily Mail, CNN, Snapchat, Harvard University, Dollar Locations: Snapchat

☆ Eight-time F1 race winner Daniel Ricciardo leaves RB, replaced by Liam Lawson
▼ + stars: | 2024-09-26 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +4 min

CNN —Visa Cash App RB Formula One Team (RB) have announced that Daniel Ricciardo has left the team with immediate effect. He will be replaced by Red Bull junior driver Liam Lawson in a move that brings weeks of speculation to an end. So getting signed up by the Red Bull program when I was 18 … having that responsibility, that pressure, all of that, it forced me to grow up.”Ricciardo celebrates winning the 2018 Chinese Grand Prix with Red Bull. The team has served as a development ground for future Red Bull drivers in the past, but no driver has received the call-up since Alex Albon in 2019. He stepped in for Ricciardo for five races in 2023 when Ricciardo suffered a wrist injury and has served as the reserve driver for both Red Bull and RB.

Persons: Daniel Ricciardo, Liam Lawson, Ricciardo, Nyck De Vries, Red Bull, Red Bull –, “ I’ve, ” Ricciardo, “, It’ll, Laurent Mekies, ”, “ Daniel, Bull, Toro Rosso, –, Charles Coates, don’t, you’re, I’ve, Alex Albon, Lawson Organizations: CNN, One, Red Bull, McLaren, RB, Alpha, “, Team, Singapore, Prix, Red Bull Academy, Spanish, HRT, Red, CNN Sport, Renault, British, Formula Locations: Austrian, Europe, Ricciardo, New Zealand, Austin , Texas

☆ The majority of this generation feels behind on their retirement savings—how they can catch up
▼ + stars: | 2024-09-26 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

The oldest Gen Xers are turning 59 this year, and once they reach 59½, they can begin making penalty-free withdrawals from their 401(k)s and individual retirement accounts. However, nearly 70% of Gen X, which is comprised of Americans between the ages of 44 and 59, feel behind on their retirement savings, according to a new retirement savings survey from Bankrate. The average 401(k) balance for people in their 50s, who make up the majority of Gen X, is $214,100. The good news: Many Gen Xers are already taking strides to get their retirement savings where they want them to be. Plus, they've increased their IRA contributions by 30% to the highest level in five years, per Fidelity's second quarter retirement analysis.

Persons: Xers, Mark Hamrick Organizations: Fidelity Investments Locations: Bankrate

☆ I'm a dietitian and mom. Here's why I feed my 2-year-old processed foods.
▼ + stars: | 2024-09-26 | by ( Kristen Carli | ) www.businessinsider.com time to read: +5 min

I'm a mom and dietitian, and I don't mind feeding my toddler processed foods. AdvertisementI'm a dietitian, and I feed my 2-year-old processed foods. Not all processed foods are created equalProcessed foods exist on a spectrum, ranging from minimally to heavily processed, otherwise known as ultra-processed foods. AdvertisementI feed my toddler processed foods alongside whole foodsAs a dietitian and a mom, I seek foods that are easy to prepare and nutritious for my toddler. Related storiesIn our household, I serve processed foods alongside whole foods.

Persons: —, Kraft Organizations: Service

☆ 27% of adults have taken bad money advice from TikTok — here's why so many people get duped
▼ + stars: | 2024-09-26 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

From putting your toddler children on your payroll to claiming your car as a business expense, TikTok is chock-full of potentially bad money advice. Yet, financial TikTok, also known as #FinTok, is one of the most popular sources for financial information and tips, particularly among Generation Z. Now, 27% of social media users say they have fallen for financial advice or information on social media that turned out to be false or misleading, according to a new report by Edelman Financial Engines. Edelman Financial Engines polled more than 3,000 adults over 30 from June to July. Heavy social media users, likely younger Americans, may be particularly susceptible to believing inaccurate financial information found there, according to Edelman Financial Engines.

Persons: Jean Chatzky, HerMoney.com Organizations: Edelman Financial, Finance, Edelman

☆ One of the top-performing sectors could be heading for trouble
▼ + stars: | 2024-09-26 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The communications services sector has been on an unbelievable tear for nearly two years. Since hitting a low on October 2022, the Communication Services Select Sector (XLC) has nearly doubled, outperforming the S & P 500 in that time. "The smallest sector in the market (by constituents not value) has been one of the most dominant over the past two years," wrote Wolfe Research's Rob Ginsberg. Our sense is that is better for sale here," Ginsberg wrote. Elsewhere on Wall Street this morning, Bernstein upgraded Starbucks to outperform from market perform.

Persons: Wolfe, Rob Ginsberg, Ginsberg, Bernstein, Brian Niccol, Danilo Gargiulo Organizations: Communications, Netflix, Taco Bell Locations: GOOGL

☆ Stop trying so hard to be productive and start 'settling,' says time management researcher: Here's what he means
▼ + stars: | 2024-09-26 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

A lot of people swear that these and other productivity hacks will help you get on top of your responsibilities and gain control of your time. They all left author and time management researcher Oliver Burkeman "pretty disillusioned," he tells CNBC Make It. If you feel like you're constantly trying to optimize your life, Burkeman has a counterintuitive piece of advice: Get comfortable with settling instead, he said on a recent episode of LinkedIn's "Everyday Better with Leah Smart" podcast. "Settling is not really about settling for less. Eventually, you'll probably have to accept the fact that you need to reschedule your meeting and stop taking on more work.

Persons: Oliver Burkeman, Burkeman, Leah Smart, we're, you'll Organizations: CNBC, New York Times, Management, Oak Engage, Guardian

☆ The Fed slashed interest rates last week, but Treasury yields are rising. What's going on?
▼ + stars: | 2024-09-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

The Treasury market, though, hasn't been paying attention. Watching the curveThe difference between the 10- and 2-year notes has widened significantly, increasing by about 12 basis points since the Fed meeting. That sentiment is evident in the "breakeven" inflation rate, or the difference between standard Treasury and Treasury Inflation Protected Securities yields. The 5-year breakeven rate, for instance, has risen 8 basis points since the Fed meeting and is up 20 basis points since Sept. 11. watch nowFed officials aim for a 2% inflation rate, and none of the principal gauges are there yet.

Persons: Anna Moneymaker, hasn't, Jonathan Duensing, — haven't, Robert Tipp Organizations: Federal Reserve, Getty, Treasury, Amundi, Fed, CME, Treasury Inflation Locations: Washington , DC

☆ This 50-year-old concept is still the best way to make yourself productive, says expert: 3 simple ways to master it
▼ + stars: | 2024-09-26 | by ( Natalie Wu | ) www.cnbc.com time to read: +5 min

States of flow can lead to productive work sessions or explain your compulsion to endlessly scroll through social media. The act of pulling the lever turns an uncertain outcome into a certain one. Binary tasks, where the only outcomes are success or failure, aren't very conducive to flow, Melnikoff says. have a yes-or-no outcome, you're better off focusing on a more ambiguous number of consecutive successes or failures, Melnikoff says. "People value the sense that they're being productive and one with the activity that they're engaging in.

Persons: David Melnikoff, Mihaly Csikszentmihalyi —, Melnikoff, doesn't Organizations: Stanford Graduate School of Business, CNBC Locations: States, they're

☆ Denmark is the No. 1 country for quality of life—Canada and New Zealand also made the top 10 list
▼ + stars: | 2024-09-26 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

U.S. News and World Report recently released its ranking of the best countries in the world based on quality of life. The best countries for quality of life were scored across the following metrics:AffordableGood job marketEconomically stableFamily-friendlyIncome equalityPolitically stableSafeWell-developed public education systemWell-developed public health systemOne country noticeably missing from the top 10 is the United States. The United States ranked poorly in the metrics used to rank the best countries for quality of life — No. 49 for countries seen as not bureaucratic, Elliot Davis, reporter at U.S. News and World Report, tells CNBC Make It. "In terms of perceptions, they aren't seen as providing just quite as good a quality of life for its people as other countries."

Persons: Elliot Davis, Davis Organizations: . News, U.S . News, WPP, Wharton School, University of Pennsylvania, United States, CNBC Locations: U.S, United States

☆ NYC Mayor Eric Adams indicted on federal charges in campaign finance case
▼ + stars: | 2024-09-26 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

New York City Mayor Eric Adams speaks during a press conference at the City Hall, after it was revealed that he received a fresh round of federal grand jury subpoenas, New York City, U.S., August 16, 2024. New York City Mayor Eric Adams has been indicted on criminal charges in federal court in Manhattan, a source familiar with the matter told CNBC on Wednesday night. The indictment, which remains sealed for now, at least in part accuses Adams of criminal conduct related to donations to his 2021 mayoral campaign. Adams, a 64-year-old former police captain, is at least the second New York mayor to be criminally charged while still in office. If Adams resigns before his first term in office ends, he would be replaced by New York City Public Advocate Jumaane Williams as acting mayor.

Persons: Eric Adams, Adams, Alexandria Ocasio, Cortez, Jumaane Williams Organizations: York City, City, New York City, CNBC, city's Campaign, Program, New York, New York Police Department, Manhattan U.S, Attorney's, New York Times, City Hall, Police Department, Brooklyn Borough, FBI, Public Locations: York, New York City, U.S, New York, Manhattan, Turkey, Israel, China, Qatar, South Korea, Uzbekistan, New, Alexandria, Cortez

☆ I've built a career in ethical hacking. Online scams are getting much, much worse — and AI isn't helping.
▼ + stars: | 2024-09-26 | by ( Emma Magnus | ) www.businessinsider.com time to read: +6 min

I liked the idea of doing the same thing, but without the criminal intent: finding those problems and fixing them. This flashy example was made for entertainment, but it still showcased how real criminals use fake profiles, phishing websites, and malware to compromise a person or company. New scams are being developed every dayI see multiple new scams or cyber security problems every day. It's creating better-looking scams, while deepfakes, voice clones, and video filters make it easier to fool people into believing things on the internet. AdvertisementWe're seeing romance scams where scammers are using deepfake video filter tools to pretend to be celebrities, for instance.

Persons: —, Laura Kankaala, I've, cybercriminals Organizations: Service, Business, LinkedIn Locations: Finnish, Finland

☆ A wedding therapist says you shouldn't get engaged if you haven't talked about these 5 things with your partner
▼ + stars: | 2024-09-26 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +1 min

You should discuss kids before you agree to spend your life with your partner. You should discuss kids. What do you envision would be your ideal version of that for if you do want to become a parent?" Bejar also says it's a good idea to spend time with children as a couple if you can. "If you have a sibling or a friend with kids and they need some time away and they trust you with their kids, spend some time with them," she said.

Persons: AJ Watt, Landis, AisleTalk, Bejar Organizations: Getty

☆ Hedge fund billionaire David Tepper says he's loading up on Chinese stocks after the nation's stimulus bazooka
▼ + stars: | 2024-09-26 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

David Tepper is growing even more bullish on Chinese stocks amid the nation's new fiscal stimulus measures. Tepper views China's stock market as more attractive than the US stock market due to valuation differences. AdvertisementIt's a buy "everything" moment for Chinese stocks after the country launched a fiscal stimulus bazooka this week, according to billionaire investor David Tepper. But Tepper believes Chinese stocks have plenty of room to run higher, even after the recent surges. On US markets, Tepper said he is not following his buy "everything" mantra with Chinese stocks and is being more selective in buying US stocks.

Persons: David Tepper, Tepper, —, Pan Gongsheng, Donald Trump, he's Organizations: Service, CNBC, Fed, Federal, People's Bank of China, PDD Holdings, Tencent Holdings, Management, Wynn Resorts, Vegas Sands, Baidu, China Internet Locations: China, Vegas

But the news wasn't greeted warmly in some corners of media, as it raised concerns that Snapchat might become the latest in a line of Big Tech platforms to deprioritize traditional media publishers in favor of creators. A fourth said any time publishers get mixed up with creators, it's bad for publishers, adding that their Snapchat revenue was already in decline so the platform had become less of a focus. A few years later, as user-generated content became dominant on social apps like TikTok, the company shifted focus to individual content creators. Advertisement"The way they're structured now is less built to over cater to traditional publishers," a fifth Snap publisher exec said. ESPN on Snapchat Discover SnapchatSome publishers have shifted resources away from Snapchat during a challenging period for the media business as a whole.

☆ Hoda Kotb spent 10 days driving around the country to get her first TV job: 'I got rejected everywhere'
▼ + stars: | 2024-09-26 | by ( Nicolas Vega | ) www.cnbc.com time to read: +3 min

Walking into the station, Kotb felt right at home. She looked around the station and "planned my whole life" in Richmond, certain she'd get the job. "He said 'Oh, Hoda, you're not ready for Richmond. The trip that Kotb thought would just take an afternoon soon stretched on and on. But the news director at the station watched her entire tape and hired her on the spot, she said.

Persons: Hoda Kotb, Kotb, she'd Organizations: CBS, Dateline NBC, CNBC Locations: Richmond, Roanoke , Virginia, Roanoke, Memphis, Tennessee, Mississippi, Florida , Illinois, New Orleans

☆ We may have finally pulled ourselves out of our economic funk
▼ + stars: | 2024-09-26 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

After two years of the double pain of inflation and high interest rates, those things are normalizing. Sure, jobs were plentiful and the economy was growing, but the combination of high prices and high interest rates felt demoralizing. It’s hard to overstate how much interest rates can change the economic mood, Brendan Duke, a senior director for economic policy at the Center for American Progress, told me. And while both Vice President Kamala Harris and former President Donald Trump have proposed ways to increase the housing supply, the process will take years. “There are economic trends like falling interest rates, and there are policies like making an investment in housing supply that can move the needle,” Duke says.

Persons: CNN Business ’, New York CNN —, Matt Phillips, Dow, That’d, Brendan Duke, ‘ it’s, ’ ”, that’s, Kamala Harris, Donald Trump, It’s, ” Duke, they’re Organizations: CNN Business, New York CNN, Dow, Wall, Center for American Progress, National Association of Realtors Locations: New York, Canada, Australia, New Zealand

☆ We're upping our price target on Costco after another steady quarter fortifies our thesis
▼ + stars: | 2024-09-26 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

The report didn't blow us away, but it still offered plenty of reminders on why Costco investors should stick around. Total revenue in its fiscal 2024 fourth quarter totaled $79.7 billion, missing analysts' expectations of $79.97 billion, according to estimates compiled by LSEG. Costco has succeeded for decades, but the high inflation of recent years has made the company's value-focused ethos really shine. Put it all together, we're increasing our price target on the stock to $950 a share from $875. In the quarter, Costco's membership renewal rate in the U.S. and Canada came in at 92.9%, a tick lower than the 93% rate observed in the third fiscal quarter, while worldwide held constant at 90.5%.

Persons: Gary Millerchip, Ron Vachris, Millerchip, it's, Kirkland, Costco's, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Costco, LSEG, Wholesale, Walmart, Club, Amazon, Costco's, Kirkland, Kirkland Signature, Management, U.S, CNBC Locations: Costco's, Yemen, U.S, Canada, Maine, Richmond , California

☆ Meta's new Ray-Ban glasses are pulling a bait and switch
▼ + stars: | 2024-09-26 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +6 min

Now, despite a rocky start three years ago, Meta's smart glasses are doing better than expected. Meta's Ray-Bans have a camera and speaker and are packed with AI. Meta's loftier goal, the Orion glasses , aren't quite there. Yet getting people into the Orion glasses may depend on getting people comfortable with smart glasses generally, and that's where the Ray-Bans could come in. And the Meta Ray-Bans make it even easier to use AI as you move through the world — no hands (and awkward air-pinching ) required.

Persons: Mark Zuckerberg, Ray, Zuckerberg, Meta's Ray, Meta's, They're, they're, George Jijiashvili, Peter Kafka, it's, Bob Dylan, Lady Gaga, Amanda Hoover Organizations: Orion, International Data Corporation, Apple, Microsoft, Google, IDC, Research, VR, Business

☆ Why Ester Manas fears the size inclusive dream is over
▼ + stars: | 2024-09-26 | by ( Alice Pfeiffer | ) edition.cnn.com time to read: +6 min

Paris CNN —On the second day of Paris Fashion Week at the city’s Palais de Tokyo, a giant inflatable elephant welcomed guests to the Ester Manas fashion show. Methods such as ruching and drawstrings eliminate the need for classical sizing and enable Ester Manas to cater to sizes XS to 3XL. Similarly, a 2023 size inclusivity report conducted by Vogue Business found that 95.6% of all looks presented for Fall-Winter 2023 were in a size US 0-4. “Numerically, it is very apparent that this ‘trend’ (of both being personally comfortable with your size and size inclusivity being socially accepted) has retreated,” Delepierre said. “Beyond the size dimension, (Ester Manas clothes) are strong pieces that stand on their own and make everyone feel sexy,” he said.

Persons: Ester Manas, Balthazar Delepierre, SZA, Jorja Smith, Kali Uchis, Beth Ditto, ”, Manas, “, bienveillance, bookers, Goldman Sachs, Ester Manas’s, they’ve, ” Delepierre, Ester Manas “, inclusivity, Giulietta Canzani Mora, ” Guillaume Boulez Organizations: Paris CNN —, BMI, CNN, Goldman, Vogue Business Locations: Paris, de Tokyo, —, Manas, France

☆ At 65 I feel better than ever. I stopped weighing myself, eat healthier, and do exercises that feel good.
▼ + stars: | 2024-09-26 | by ( Lauren Crosmedlicott | ) www.businessinsider.com time to read: +4 min

I was a plump, complex, introverted, spotty-faced teen and felt like such a disappointment to my family of high achievers. I stopped checking how much I weighed and started living my life. As I listened to my body, I could feel it start to change shape from a pear to an inverted triangle. Every year, I have felt even better about who I am as a whole — body and soul. I lead a dietless life, fuelled by healthy living, and am no longer defined by a number.

Persons: —, Alison Weihe, I'm, I've Organizations: Service, Business

☆ Naomi Osaka starts working with Serena Williams’ former coach after initial hesitancy
▼ + stars: | 2024-09-26 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —Naomi Osaka has never hidden her admiration for Serena Williams and now she’s following in the 23-time grand slam champion’s footsteps. And while Osaka is excited about a new chapter in her career, the four-time grand slam champion says she was initially hesitant to start working with the well-known coach. “This isn’t rude because I found out it’s not true, but I didn’t know if he was a good coach or he coached Serena. I’m really glad that he’s taking this project on, as well.”“I would say I’m still a little nervous around him. I’m getting a little more comfortable day by day.”Patrick Mouratoglou talks to Osaka before her first-round match at the China Open.

Persons: Naomi Osaka, Serena Williams, Williams, Patrick Mouratoglou, Italy’s Lucia Bronzetti, Tsitsipas, Holger Rune, “, Serena, I’m, ” Patrick Mouratoglou, Robert Prange, Mouratoglou, ” Organizations: CNN, China, Reuters, Getty Images Osaka, Wimbledon Locations: Osaka, ” Osaka

☆ David Tepper says the Fed has to cut rates at least two or three more times to keep credibility
▼ + stars: | 2024-09-26 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Appaloosa Management's David Tepper said investors should believe the Federal Reserve when it says it will lower interest rates because the central bank has now to keep credibility. "Probably two or three interest rates, 25 basis point cuts, they have to do, or they lose credibility," Tepper said. You know, another 25, 25, 25 seems like it's going to have to be done." The super-sized rate cut last week came despite most economic indicators looking fairly solid. "It was around the 90s in that market where the where the Fed cut rates into Y2K in a good economy," he said.

Persons: David Tepper, Tepper, " Powell, Jerome Powell, Rich, " Tepper Organizations: Federal Reserve, Gross, Atlanta Fed, U.S, National Football League's Carolina Panthers Locations: U.S, China

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