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Last week, markets expected a quarter-point rate cut and were just happy that the Fed was starting the cutting cycle. .SPX YTD mountain S & P 500, YTD And fed funds futures now point a majority of traders seeing a half point cut. Even though most Fed officials and economists believe the central bank would start with a quarter point. But now we've gone from that fear to expecting a half point. On the other hand, the JPMorgan traders think that a cut of a quarter point would "add to market uncertainty," meaning that we probably shouldn't expect the market to keep building on its all-time highs with a quarter point.
Persons: wouldn't, Michael Feroli, CNBC's Organizations: Federal Reserve, Dow Jones, JPMorgan
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Still, though, I wanted to celebrate with friends and family. My family's trip to Namibia in 2019, booked with Namibia Tours and Safaris, cost $5,000, excluding flights. We found our restaurant tucked down a back street behind the Musée du Louvre, basking in the luminous evening light.
Persons: , waterslides, Emma Morrell, Coeur Organizations: Service, Business, Namibia Tours, Tuileries Locations: Africa, Namibia, Paris, France, Saint, Germain, En, Laye, Lights, Montmartre, Jardin, Europe
Tech stocks may have had a volatile past few weeks , but one chief investment officer is still bullish. The chief investment officer believes Nvidia's stock is "reasonably valued," based on its two to three-year outlook. "We've been doing that, and we've been pretty happy with the price we've been getting," he added. Broadcom shares fell 7% in extended trading following its results announcement, but remain up close to 47.5% year-to-date. Nineteen of 33 analysts covering the stock give it a buy or overweight rating, according to FactSet data.
Persons: Jason Ware, Jensen Huang's, Ware, CNBC's, We've, we've, Oracle Corporation Ware, it's, Leswing, Jordan Novet Organizations: Microsoft, Nvidia, Oracle, Broadcom, Oracle Corporation, Apple, Tesla Locations: Albion
This as-told-to essay is based on a conversation with Nathan Marx, a deckhand for a superyacht. I knew some friends who had entered the yachting industry since leaving school, and it looked very intriguing and adventurous. AdvertisementMy previous job had long hours and was hard work, which made me comfortable stepping into the yachting industry. We also had the privilege of hiking up into the old city, an amazing experience I don't think I would've had otherwise if I wasn't into the yachting industry. But the yachting industry is a tight-knit community that's made me very happy over the past few months, so I'll stay for as long as possible.
Persons: Nathan Marx, I'm, that's, Will Smith, haven't Organizations: Service, Business Locations: South Africa, Antibes, France, Monaco, I'm, Corsica
Speaking to CNBC in an exclusive interview, Reserve Bank of India (RBI) Governor Shaktikanta Das discussed the issue of slowing growth in bank deposits underperforming an expansion in loans. "So there is a gap of 350 to 400 basis points," he said, referencing the difference between credit and deposit growth. Annual figures from August put loan growth at 13.6% with deposit growth at 10.8%, according to Reuters. When lending outpaces deposits, net interest margins — or the difference between what a bank earns on loans and pays out for deposits — take a hit. India's GDP slowed to 6.7% in the second quarter compared to last year's 8.2%, piling pressure on the central bank to reverse a recent hiking cycle.
Persons: Shaktikanta Das, Das, Ashish Gupta, CNBC's Organizations: CNBC, Reserve Bank of India, Reuters, Mutual Fund, Monetary, MPC Locations: India
CNN —Miami Dolphins quarterback Tua Tagovailoa has been “smiling with his teammates” and taking things “day by day” as he recovers from his latest concussion, according to head coach Mike McDaniel. McDaniel comforts Tagovailoa after the quarterback's latest concussion. CNN contacted Tagovailoa’s representatives about the report but did not hear back, while the Dolphins declined to comment. “I think it’s of utmost priority of mind for Tua to speak on Tua’s career,” said McDaniel. After guiding the Dolphins to the playoffs last season, Tagovailoa agreed to a four-year contract extension in the offseason, reportedly worth $212.4 million.
Persons: Tua Tagovailoa, , Mike McDaniel, Tagovailoa, Damar Hamlin, , ” McDaniel, McDaniel, Megan Briggs, Ian Rapoport, Tua, I’m, Skylar Thompson, Tim Boyle, Tyler Huntley, Lynne Sladky, Huntley, Boyle, ” Thompson Organizations: CNN — Miami Dolphins, NFL, Dolphins, CNN, Tagovailoa’s, Bills, Baltimore Ravens, Cleveland Browns, Ravens, Seattle Seahawks
Price and Monam moved from Riverside, California, to Tyler, Texas, earlier this year. Eiman and I lived in the same apartment building in Riverside, California, for a long time. Dannielle Price (left) took a road trip with her kids to visit Tyler, Texas (right) earlier this year. We moved to Texas a second time in April 2024Dannielle: We all moved back in with my mom in Henderson, Eiman included. Dannielle Price and Eiman Monam said they've struggled to make ends meet in Tyler, Texas.
Persons: , Dannielle Price, Eiman, Price, Monam, I've, Einam, weren't, Tyler, Henderson, that's, Eiman Monam, they've, We've Organizations: Service, Business, Washington Post Locations: Riverside , California, Tyler , Texas, Southern California, California, Texas, Mira Loma , California, Henderson , Texas, Henderson, East Texas, Riverside, Tyler
The median house price in the U.S. is now 5.8 times more than the median annual income of $80,000. That was, after all, the median price for a house in the area at the time. Jonathan OchartThe median price of a home in Los Angeles county is just under $960,000, according to Zillow listings data. It's just not a level playing field," says Ochart about the income now needed to afford a home. In Grand Rapids, median home prices were on the rise before the pandemic and then soared 54% from 2020 to $285,000 in June 2024, according to Zillow sales data.
Persons: Kelcie Lesko, Tim Khalil, Lesko, Khalil, they'll, Gen Xers, What's, — there's, they're, Daryl Fairweather, Kelly Diehr, homebuyers, you'd, Diehr, Jonathan Ochart, Ochart, It's, Timothy Ham, Timothy Ham couldn't, Ham, you've, That's, boomer, it's, Lawrence Yun, Millennials, Ramit Sethi, Rich, Brad Klontz, homebuying Organizations: CNBC, Homes, LA, National Association of Realtors, NAR Locations: New Jersey, Monmouth County, North Brunswick, Lesko, homeownership, U.S, Denver, Brazil, Los Angeles and New York, San Antonio, Los Angeles, Antonio, Texas, LA, Boise , Idaho, Tacoma , Washington, Grand Rapids , Michigan, Grand Rapids, Kalamazoo
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I spent the next three years with the company in India, then moved to the company's office in Dubai for two years, and then to Amsterdam. I enjoyed being done with work by 5 or 6 p.m. and having the rest of the day to myself. I'd been watching India's growth since I left and felt like I had missed the boom by leaving in 2014. I also felt like there was no career growth for me in Europe.
Persons: , Sarvesh Rajagopal, it's, I'd, I'm Organizations: Service, United Arab, McKinsey, Business, ING, Indian Institute of Management Locations: United Arab Emirates, Netherlands, Germany, India, Dubai, Amsterdam, Berlin, Europe, Ukraine, Latin America
Madeline Mann, CEO of Self Made Millennial, schedules no meetings on Tuesdays and Fridays. Mann found that calls disrupted her ability to focus, prompting her to block off two days each week. Go to newsletter preferences Thanks for signing up! AdvertisementA couple of years ago, founder Madeline Mann wasn't happy with how she was getting things done at work. So, the CEO of the career-coaching service Self Made Millennial decided that her calendar would remain free from meetings on Tuesdays and Fridays.
Persons: Madeline Mann, Mann, , Madeline Mann wasn't Organizations: Self, Service, Business
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I'd spent carefree years bouncing around Kyrgyzstan and Lebanon, Sri Lanka and Mexico, India and Armenia. Advertisement"Living death," that's how my philosopher-slash-guitarist father had nicknamed office work. Author's view from hotel overlooking the Bay of Algiers Ariel Sophia BardiA freelance job helped me feel free againI needed to start living again. I make no comparison between their incredible courage and my own infinitely milder risks, which soon included drifting back to freelance work.
Persons: , I'd, Trump, wasn't, Algiers Ariel Sophia Bardi, warbled, Rai, one's Organizations: Service, Business, Microsoft Locations: Algeria, Palms, Algiers, California, Kyrgyzstan, Lebanon, Sri Lanka, Mexico, India, Armenia, Oran
Madeline Mann, CEO of Self Made Millennial, schedules no meetings on Tuesdays and Fridays. Mann found that calls disrupted her ability to focus, prompting her to block off two days each week. Go to newsletter preferences Thanks for signing up! AdvertisementA couple of years ago, founder Madeline Mann wasn't happy with how she was getting things done at work. So, the CEO of the career-coaching service Self Made Millennial decided that her calendar would remain free from meetings on Tuesdays and Fridays.
Persons: Madeline Mann, Mann, , Madeline Mann wasn't Organizations: Self, Service, Business
Australian former F1 driver Mark Webber partakes in Ricciardo's infamous 'Shoey' celebration, drinking champagne out of Ricciardo's race boot. Ricciardo became the 14th Australian driver to start a race when he made his debut for HRT F1 Team in 2011. He replaced Dutchman Nyck de Vries mid-season at the junior team, renamed to AlphaTauri and rebranded as the “sister team” to Red Bull. Red Bull realitiesRicciardo’s return to Red Bull marked a full circle moment for the Aussie, having joined the team’s academy in 2008. Despite having a contract for the next two seasons, incumbent Red Bull second driver Sergio Pérez is on the hotseat after recent struggles.
Persons: CNN — Daniel Ricciardo, , Sebastian Vettel, Ricciardo, Honey, ” Ricciardo, , Rudy Carezzevoli, Blake Mills, Blake, “ He’s, , “ Josh, I’ve, , I’m, Mark Webber partakes, Mark Thompson, Jack Brabham, Alan Jones, Mark Webber, Oscar Piastri, Jack Doohan, Toro Rosso, Webber, Vettel, Lewis Hamilton, Nico Rosberg, Red Bull, Max Verstappen, Lando Norris, McLaren’s, Bull, Nyck de Vries, it’s, Peter Fox, don’t, you’re, “ I’ve, De Vries, Alex Albon, Pierre Gasly, ‘ Let’s, ’ ”, Red, Liam Lawson, Sergio Pérez Organizations: CNN, Red Bull, CNN Sport, Brabham, HRT, McLaren, Australian, Bull’s, Austrian, Mercedes, Monaco, Renault, Prix, Formula, One Locations: Perth, Western Australia, Ngilgi, Australia, Ricciardo's, Australian, Melbourne, Canada, Hungary, Belgium, Monaco, British, Hungarian, Europe
I was an immigrant child, and growing up in the UK in an Albanian family wasn't easy. It's ironic, given that I now run two fitness businesses and my main passion is getting women into strength training. I now run two fitness businesses that combined made over $70 million last year. What strength training does for your mind and body is profound; it's so empowering. It was good for SEO but contradicted our message and ethos, which is that strength training is about more than just how your body looks.
Persons: , Krissy Cela, — I'd, Jack Bullimore, I've, David, Lukas Kurzmann, I'd, We've, Oner, I'm Organizations: Service, Business Locations: London, LA, Albania, Greece, PE
Growing up, I remember my parents using coupons and rain checks, and comparing supermarket ads to find the cheapest options. This is in stark contrast to the way I parent, where my son is an active learner. Related storiesI'm teaching my kids financial literacyI learned minimally about financial literacy but was determined to teach my kids more; I purchased a worksheet by "Teach Kids Money" to teach my son about delayed gratification. Teaching my kids all of these techniques makes me feel guilty, as if the way I parent is a criticism of how my parents raised me. AdvertisementI'm letting the guilt go by embracing the way my parents raised me and enhancing it by providing my children with what I didn't have.
Persons: , I'm Organizations: Service, Business, Target
CNN —Britain’s royal family has publicly wished Prince Harry a happy birthday, their first such message since 2021 to mark the milestone of him turning 40. A post was shared on X and Instagram with the message: “Wishing The Duke of Sussex a very happy 40th birthday today!”It was accompanied by an image of Harry smiling, and a birthday cake emoji. Prince Harry and Meghan, Duchess of Sussex, have been living in California since 2020 after stepping down as working members of the British monarchy. Interactions between Harry and other senior royals have been scant: Harry visited Charles following the King’s cancer diagnosis earlier this year but spent just 45 minutes in his company. Harry is thought to be spending his 40th with the Duchess of Sussex and their children, Prince Archie and Princess Lilibet.
Persons: CNN —, Prince Harry a, Duke, Sussex, Harry, Prince William, Catherine , Princess of Wales, King Charles III, Prince Harry, Meghan, Duchess of, William, , Charles, Duchess of Sussex, Prince Archie, Princess Lilibet Organizations: CNN, CNN’s Royal, BBC Locations: Sussex, Duchess of Sussex, California, British, London
When I saw my son experience withdrawals and lying to get more screen time, I realized tech really could be addictive. I believed my son had a screen addiction (although he's never been officially diagnosed by a different provider). AdvertisementWe minimized the use of screens for schoolworkAt first, we wanted my son to have as little screen time as possible. Two years later, we're just starting to consider letting my son get a phone because he has been doing so well following our family media plan. I recognize that, eventually, my son will need more unrestricted access to screens so that he's prepared as an adult.
Persons: , Scott Kollins, he's, we've, I'm, We've, hadn't, we're, She's, didn't Organizations: Service, Business, YouTube, Duke University School of Medicine
I always knew from the moment I graduated college that I was eventually going to buy something in the city. AdvertisementPlus, because I am in the design world, I felt like this is my time to buy a place and make it my own. I wanted to buy a place that I could live in for a good amount of years and put love into. I knew if I left the kitchen the way it was, I wouldn't be happy going into the kitchen every day. I probably would still continue to rent because renting is a whole lot cheaper than doing what I did.
Persons: , Chelsey Brown, There's, It's, I'm, I've, it's Organizations: Service, Business Locations: New York City, New York
“We have war, no schools… Yet the children are eager to learn,” Al Ghoul told CNN. Oula Al Ghoul, a Palestinian teacher, has established a makeshift classroom for displaced children in Deir al-Balah, central Gaza. Israel’s bombing campaign has destroyed 123 schools and universities in Gaza, according to the Government Media Office (GMO) there. Several Palestinian children told CNN that days spent learning have been replaced by a struggle for survival. She told CNN on Friday that she had registered for her university course last fall – just before the hostilities erupted.
Persons: Oula Al Ghoul, ” Al Ghoul, Al Ghoul, , , Raghad Ezzat, , ” Israel, jerry, clamoring, Sajid, ” Maryam Shtawi, Antonio Guterres, Mohammad Masoud, , Khan Younis, Liz Allcock, ” Allcock, “ I’ve, Ramadan Abed Organizations: CNN, United Nations ’, UNICEF, Government Media Office, UN, IDF, Hamas, Ministry of Health, Schools, UNRWA, Gaza Civil Defense, Aid, MAP, Reuters Locations: Deir al, Gaza, Palestinian, Beit Lahia, Israel, Al, Deir Al
Carr started training to become a nurse at Sacred Heart Hospital (now known as St. Luke's Sacred Heart Campus) in Allentown, Pennsylvania during World War II in 1944. All five of Carr's children, and nearly all of her 12 grandchildren, were born at Sacred Heart. Her son-in-law, Vincent Burns, was also born at the hospital — Carr met him hours afterward in the newborn nursery. Photo: St. Luke's University Health NetworkMoments like that have inspired her to continue working at Sacred Heart. Carr's passion is infectious: Her daughter, Grace Loring, worked in the pediatric ward at St. Luke's Sacred Heart Campus for 35 years before retiring.
Persons: Grace Carr, Carr, Edward Carr, Grace, Beth Fogel, Freeland, Edward, Vincent Burns, — Carr, Janet, Carr's, Grace Loring, Loring Organizations: Sacred Heart Hospital, Sacred Heart School of Nursing, U.S, Cadet, Luke's University Health Locations: Allentown , Pennsylvania, Freeland , Pennsylvania, St, Allentown
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
My mom is a little old-fashioned and has been upset with me for letting my boyfriend significantly influence my financial decisions. She has said multiple times that a man should have no say in my finances until he's put a ring on my finger. One, your mom has hard-won life experiences to offer, and you would be wise to hear her out. Only that we shouldn't reject our parents' advice out of hand simply because they're "old-fashioned" or we think they're "projecting". Instead, it's about nobody having a say over anyone else's finances until they have a genuine stake in them.
Persons: We're, he's, I've, they've, That's Organizations: Service
Despite not having a high school diploma or college degree, he started multiple successful businesses that allowed him to financially support his family. During her senior year of high school, Wakeham was struggling to decide on her post-graduation route. US Census Bureau data found the enrollment rate of high school graduates at 61.4% in October 2023 was slightly down from 62% in 2022. Indeed, even as some Gen Zers don't think college is the best path for them, recent data has shown that college continues to provide long-lasting benefits when it comes to careers and earnings. Some high schools have shifted to place a greater emphasis on alternative routes since the pandemic.
Persons: LeLaina Wakeham, Wakeham, didn't, Zers, Zach Hyrnowski, Hyrnowski, we've, Hrynowski, that's, Hannah Maruyama, Maruyama, Jared Polis, — she's Organizations: Service, Business, Gallup, Walton Family Foundation, Colorado Gov, Bureau of Labor Statistics, Reinventing Public Education, roundtables Locations: Mexico, New England
CNN —Lionel Messi marked his return from injury in typical Messi-style on Saturday – scoring two goals in four minutes, assisting with another, and setting yet another Major League Soccer (MLS) record. He had a hand in all three of Miami’s goals on Saturday, leading his team to a 3-1 win over the Philadelphia Union. With Miami trailing 1-0, Messi latched onto a Luis Suárez pass inside the box and tapped the ball into the net to equalize. Just four minutes later, the Argentine had his second, bamboozling the Philadelphia defense to prod the ball into the net from an almost identical position. Lionel Messi celebrates with defender Jordi Alba and midfielder Federico Redondo after scoring against the Philadelphia Union.
Persons: Lionel Messi, Messi, Mikael Uhre, Drake Callender, Luis Suárez, Jordi Alba, Federico Redondo, Matias J, Messi –, hadn’t, , Organizations: CNN, Messi, Major League Soccer, Inter Miami, Philadelphia Union, Miami, Argentine, Miami Herald, Tribune, Service, Argentina, Copa, TNT Sports, Warner Bros . Locations: Philadelphia, Callender, Miami
CNN —In travel news this week: odd room service requests, the cruise passengers stranded for months at their departure port, plus how a rogue bag of Cheetos caused havoc in a New Mexico cave. Unusual guest requestsFar be it from us to say folks are getting a little entitled, but a new report from Hotels.com has revealed the oddest room service requests made to its hotel partners around the world. There’s the separate requests that were fielded for burnt toast, fresh goat milk and 2 kilos of bananas. And finally there’s the demand for a high-five from a team member to ensure their room service request was read. The nine-month itinerary of Royal Caribbean’s Ultimate World Cruise was considerably less ambitious, but at least it successfully completed its journey this week.
Persons: Hotels.com, it’s, there’s, , CNN Anne Marie Hagerty Organizations: CNN, Service, Atlanta, Delta Airbus Locations: New Mexico, York, Carlsbad, Hawaii, Oahu, Georgia, England, Argentina, British, Italy,
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