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☆ 'Shark Tank' star Kevin O'Leary warns couples not to combine finances: 'I don't care how in love you are'
▼ + stars: | 2024-09-13 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Kevin O'Leary says couples shouldn't combine their finances. Maintaining a financial identity is vital in case of break up or death, the "Shark Tank" star says. Go to newsletter preferences Thanks for signing up! But if they break up, joint accounts can be a knotty mess to untangle and might leave them high and dry in the credit-driven US economy, Kevin O'Leary says. "What I tell everybody to do in a relationship is have your own account, your own credit card, never merge your finances together," the "Shark Tank" star said in a Fox News clip posted to his Instagram on Wednesday.

Persons: Kevin O'Leary, O'Leary, —, they're Organizations: Service, Fox, Business

The Fed is expected to cut rates multiple times this year and in 2025, which means mortgage rates should continue decreasing. Will mortgage rates drop when the Fed cuts rates? If he or other Fed officials indicate that bigger rate cuts could be coming, mortgage rates may inch down. How Fed rate cuts affect mortgage ratesChanges to the federal funds rate don't directly impact mortgages, but mortgage rates tend to trend up when the Fed raises rates and go down when it lowers rates. The Fed could lower rates substantially by the time we reach the 2025 buying season, which means mortgage rates may be a lot lower, too.

Persons: Freddie Mac, Dan Burnett, Burnett, Jerome Powell, Powell, Fannie Mae, Scott Haymore Organizations: Fed, Federal Reserve, Housing Survey, TD Bank

☆ Jim Cramer says Nvidia gets a do-over on Wall Street — and another big move looms
▼ + stars: | 2024-09-13 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Wall Street appears to have given Nvidia a mulligan. A number of positive headlines around AI demand have lifted Nvidia and other stocks that benefit from the adoption of the buzzy tech. "There's kind of a do-over in terms of what happened with [CEO Jensen Huang], what happened with Nvidia," Cramer said on "Squawk on the Street," referring to the response to its much-ballyhooed earnings report Aug. 28 . The Investing Club also has a stake in Broadcom, which like Nvidia had been punished after its recent earnings report. Advanced Micro Devices , another AI chipmaker, and Eaton , which makes electrical equipment used in the expanding data center market, have added about 13% and 7%, respectively, this week.

Persons: CNBC's Jim Cramer, That's, Jensen Huang, Cramer, Larry Ellison, Ellison, Goldman Sachs, Huang, Nvidia's, CNBC's Megan Cassella, Blackwell Organizations: Nvidia, Charitable Trust, CNBC, Oracle, Blackwell, Broadcom, Devices, The Club, AMD, Eaton Locations: U.S, Eaton

☆ My first C-section made me feel like I wasn't made to be a mother. My fourth one reminded me that C-sections can be beautiful.
▼ + stars: | 2024-09-13 | by ( Jenna Jonaitis | ) www.businessinsider.com time to read: +6 min

Once the obstetrician assessed the situation, I knew what she'd say before she said it: "We need to go to a C-section." I was certain I'd have a vaginal birth with no epidural. What I didn't expect was for my fourth C-section to be my best birth experience. Leading up to my fourth C-section, she and I dedicated a couple of sessions to processing the trauma from my earlier births so they'd have less of a hold on me going into the OR again. Whether it's through adoption, C-section, or vaginal birth, a child joining your life is every bit of magic and terror.

Persons: —, I'd, I've, bewilderment Organizations: Service, Business Locations: United States

☆ Trump tax-free overtime plan 'as fake as his tan,' Senate Finance chair says
▼ + stars: | 2024-09-13 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Senate Finance Committee Chair Ron Wyden threw shade at Republican presidential nominee Donald Trump on Friday over Trump's latest campaign promise: to eliminate income taxes on overtime pay. "Donald Trump is losing, and these tax proposals he's floating out of desperation are as fake as his tan," Wyden said in a statement. The Oregon Democrat who leads the Senate tax writing panel said the former president "knows Republicans in Congress have no intention of passing this stuff." Trump campaign spokesman Steven Cheung fired back at Wyden, telling CNBC the senator "shouldn't be disrespecting hard-working Americans and taking money out of their pockets." "But it's not surprising coming from a loser like Wyden who has a history of persecuting everyday Americans," Cheung added.

Persons: Ron Wyden, Donald Trump, Trump's, Wyden, Trump, Steven Cheung, shouldn't, it's, Cheung Organizations: Republican, Oregon Democrat, Congress, Wyden, CNBC

☆ Stocks often drop in September — but many investors shouldn’t care
▼ + stars: | 2024-09-13 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

Traders on the New York Stock Exchange floor on Sept. 9, 2024. Spencer Platt | Getty Images News | Getty ImagesSeptember historically hasn't been kind to stock investors. September is the only month during that nearly century-long period in which investors experienced an average loss, according to Morningstar. Trying to time the market is a losing betAlistair Berg | Digitalvision | Getty ImagesInvestors holding their money in stocks for the long-term shouldn't bail, Yoder said. Don't put faith in market maximsSimilarly, investors shouldn't necessarily accept market maxims as truisms, experts said.

Persons: Spencer Platt, Morningstar, Abby Yoder, Yoder, Alistair Berg, Digitalvision, Edward McQuarrie, McQuarrie, couldn't, J.P Morgan Organizations: New York Stock, Getty, Morningstar Direct, Finance, Morgan Private Bank, Investors, Santa Clara University, Fidelity Investments, Federal Reserve, Investor, Mutual Locations: U.S, Wells, New York City, New York

☆ Putin is threatening disaster over Ukraine's long-range missiles — but his past 'red lines' came to nothing
▼ + stars: | 2024-09-13 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

"This will mean that NATO countries — the United States and European countries — are at war with Russia," Putin said. But Ukraine's Western allies have provided billions in military aid to Ukraine, sending the aid incrementally in the form of increasingly effective weapons. AdvertisementYet Ukraine continued to drive back Russian forces that year until a stalemate developed, and has targetted occupied territory, including the Crimea peninsula, with long-range Western weapons. They succeded in rattling the West, it says, leading it to supply Ukraine weapons in a piecemeal way and much later than Ukraine seeks them. Analysts writing for the US think tank Responsible Statecraft last June said that the West would never know if it had crossed a real Russian red line until it's too late.

Persons: —, Vladimir Putin, Putin, Keir Starmer, Joe Biden, Putin's, Ukraine's, Volodymyr Zelenskyy, TATYANA MAKEYEVA, Sergey Lavrov, Biden, Donald Tusk Organizations: Service, Business, NATO, British Storm Shadow, Institute for, Western, Getty, Russian, The New York Times Locations: Ukraine, Russia, United States, Washington, DC, US, Ukrainian, Moscow, Crimea, Russia's Kursk, Kursk, AFP, Iran

☆ Here's the deflation breakdown for August 2024 — in one chart
▼ + stars: | 2024-09-12 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

It means that, in aggregate, the average prices of goods and services are rising, just more slowly. Where prices have deflatedFor example, prices have declined by about 5% for furniture and bedding and 3% for appliances since August 2023, according to CPI data. Outside of supply-demand dynamics, the U.S. dollar's strength relative to other global currencies has also helped rein in prices for goods, economists said. Airline fares have declined about 1% over the past year, according to CPI data. Grocery prices have fallen for items such as apples, potatoes, ham, coffee, rice, seafood and bananas, according to CPI data.

Persons: Stephen Brown, it's, Sarah House, They've, women's outerwear, Brown Organizations: North, Capital Economics, Finance, Social Security, Wells, Wells Fargo Economics, U.S, International Air Transport Association Locations: U.S, North America, Wells Fargo, China

Mortgage rates have dropped nearly 20 basis points this week, with 30-year rates now near 5.7%, according to Zillow data. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's interest rates will affect your monthly payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates have inched down this week and are now hovering near 5.7%, according to Zillow data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. Because markets are already anticipating that the Fed will lower rates, mortgage rates might not drop much in response to a Fed rate cut.

Persons: you'll, Freddie Mac, it's Organizations: Reserve, of Labor Statistics, Fed, Zillow Locations: Chevron

☆ Billionaire Howard Marks outlines the investing mistakes likely plaguing your portfolio — and explains how to outperform by playing '3D chess'
▼ + stars: | 2024-09-12 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

This story is available exclusively to Business Insider subscribers. The 36-minute video was sent to Business Insider ahead of its public debut. Related stories"The efficient market hypothesis is that the market is always right," Marks said in a recent interview with Business Insider. Studying stocks' correlation with each other adds another dimension to investing, Marks said. Advertisement"3D chess is much harder than 2D chess, and so correlation is much harder than just risk and return," Marks said.

Persons: —, Howard Marks, Marks, that's, you'll, heeding Marks, it's Organizations: Service, Business, Oaktree Capital Management, Investors

☆ Jim Cramer lists 3 tech CEOs he's giving 'the benefit of the doubt'
▼ + stars: | 2024-09-12 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday listed the CEOs he trusts even when the market doesn't, primarily naming executives from top tech companies. Cramer said investors shouldn't doubt solid companies every time a negative data point surfaces. Cramer said he's giving Amazon 's Andy Jassy, Broadcom 's Hock Tan and Nvidia 's Jensen Huang "the benefit of the doubt." Tech stocks can be hampered by investors who don't completely understand the companies' operations or trajectories, according to Cramer. "In tech, the complexity is such that Wall Street often reaches conclusions that have little to do with reality."

Persons: CNBC's Jim Cramer, Cramer, he's, Andy Jassy, Hock Tan, Jensen Huang Organizations: Dow Jones Industrial, Nasdaq, Broadcom, Nvidia, Amazon Locations: Tan

Washington D.C. police released body-worn camera footage from officers who fatally shot a community activist shortly after he crashed into a McDonald's. Body cam footage released by Washington D.C. Metropolitan Police of a fatal officer-involved shooting. Washington D.C. Metropolitan Police Dept. "Hands up, hands up, hands up, hands up, hands up! "“Hands up, hands up, hands up, hands up!"

Persons: Justin Robinson, Marion Barry, Robinson, Pamela Smith, Smith, ”, Brandon Burrell, shouldn't, Burrell Organizations: Washington D.C, Metropolitan Police, NBC Washington D.C Locations: Washington

☆ A day in the life of an American startup founder in Singapore who juggles timezones, 8 employees, and WhatsApp chats with hundreds of customers
▼ + stars: | 2024-09-11 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

As a startup founder, no day is exactly the same. This is a relatively new part of her daily routine, and something she used to think was "impossible" to make time for as a startup founder. A typical day: Communicating with customers, paring down meetings, and saving admin for the eveningA chunk of Jiang's day consists of interacting with Peek customers via WhatsApp chat. In general, she says she has "way fewer meetings" as a startup founder than she did in the corporate world. Jiang and her partner, who is also a startup founder, also block out one night a week — Thursday — to set work aside and "just hang out," she said.

Persons: —, Sherry Jiang, Jiang, Peek, I'm, she's, they're, I've, Sherry Jiang Jiang Organizations: Service, Google, Business, Vally, Peek, Singapore, UC Berkeley, Amazon, LinkedIn Locations: Singapore, West Coast, Asia

☆ Steve Eisman of 'Big Short' fame not worried about banks or economy
▼ + stars: | 2024-09-11 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Steve Eisman of "The Big Short" fame said he's unfazed by the weakness in bank stocks as well as any uncertainty around the Federal Reserve's next easing cycle. To Eisman, there's nothing to worry about. Eisman shot to fame by shorting collateralized debt obligations to profit from the demise of subprime mortgage loans before the 2008 financial crisis. Wednesday's data showed the consumer price index , a broad measure of goods and services costs across the U.S. economy, increased 0.2% in August , in line with the Dow Jones consensus. The economy Concerns about lower-income consumers have also increased recently, but Eisman said they are not indicative of a systemic issue endangering the wider economy.

Persons: Steve Eisman, he's, Neuberger Berman, shorting, Michael Lewis's, Eisman, Dow Jones Organizations: Federal, JPMorgan, Ally Financial, Dollar Locations: U.S

☆ Russia put SIM cards in its exploding one-way attack drones to use Ukraine's cellphone network for strikes, war expert says
▼ + stars: | 2024-09-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewRussia equipped its deadly attack drones with cellphone parts to help improve their targeting capabilities, a war expert noted in a new report. Advertisement"Second," he said, "the Russians were sending telemetry data from the UAVs back through the mobile phone network to help plan follow up strikes." "This is only possible, however, if the mobile phone network has effective relationships with security organisations," he said. Cellphones and related technology have played a role on both sides of the war, with Russia and Ukraine using enemy signals to aid in their targeting and strikes. "Used properly, mobile phone networks can help militaries to hide in the noise, distribute critical data, and deconflict with civilian authorities."

Persons: —, Jack Watling, Watling, SIMs Organizations: Service, Royal United Services Institute, Business, Kyiv, Strategic Communications, AP, US Army Locations: Russia, Iranian, Ukraine, Moscow, Kupiansk, Ukrainian

☆ Lawyers for Caroline Ellison, Sam Bankman-Fried's ex, want zero prison time for her
▼ + stars: | 2024-09-11 | by ( Kwan Wei Kevin Tan | Jacob Shamsian | ) www.businessinsider.com time to read: +1 min

Caroline Ellison was Sam Bankman-Fried's girlfriend and the CEO of Alameda Research. Go to newsletter preferences Thanks for signing up! AdvertisementLawyers for Caroline Ellison, Sam Bankman-Fried's ex-girlfriend and the CEO of his trading firm Alameda Research, argue that the 29-year-old shouldn't be sent to prison. "Caroline Ellison is a young person of enormous talent and promise, with a deep commitment to helping others," Ellison's lawyers wrote in a sentencing memorandum filed on Tuesday. Ellison, her lawyers said, has "focused on rebuilding her life and resolving the civil cases and other consequences arising from her acts at Alameda Research" since testifying at Bankman-Fried's criminal trial in October.

Persons: Caroline Ellison, Sam Bankman, Ellison, — Organizations: Alameda Research, Service, Business Locations: Bankman

☆ Sen. Rand Paul on Google's antitrust case: The government shouldn't stop businesses from growing
▼ + stars: | 2024-09-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSen. Rand Paul on Google's antitrust case: The government shouldn't stop businesses from growingSen. Rand Paul (R-Ky.) joins 'Squawk Box' to discuss Google's slate of legal challenges and the challenges of neighboring tech companies.

Persons: Email Sen, Rand Paul Organizations: Email Locations: Sen, Ky

Although there are no restrictions on how often you can file for bankruptcy, there are restrictions on how often you can receive a discharge. While Chapter 7 and Chapter 13 bankruptcies will have the same effect on your credit score, creditors may view a Chapter 13 bankruptcy more favorably. A Chapter 7 bankruptcy will stay on your credit report for 10 years, while a Chapter 13 bankruptcy will fall off after seven years. Frequently asked questions about how often you can file for bankruptcyCan I file a Chapter 13 bankruptcy after a Chapter 7 bankruptcy? Yes, you can file Chapter 13 after Chapter 7 bankruptcy, but you must wait at least four years after the discharge of your Chapter 7 to file Chapter 13.

Persons: Filers, you've, Adrienne Hines, Hines, Scott Glatstian, Rosenblum, Lamine Zarrad, —, Jennifer, Read Organizations: refiling, Wright Co, Rosenblum Law, Federal Trade Commission, Business, Yahoo, Finance, CBS, MSNBC, CNBC, Forbes, Black Enterprise, USA, The Johns Hopkins University Carey School of Business, Business Journalists Locations: Kademenos, Chevron, America, TheGrio, New York City

☆ I regret worrying so much about my GPA in college—it didn't impact my career how I expected
▼ + stars: | 2024-09-10 | by ( Morgan Smith | ) www.cnbc.com time to read: +6 min

As a new school year begins, I reminisce about unwrapping fresh school supplies and reuniting with friends after a summer apart. It's my biggest regret from college: I don't wish I worked harder or studied more — I wish I cared less about my GPA. The sacrifices I made to get near-perfect grades seemed worth it when I graduated from Northwestern with honors in 2019. And if you're planning on getting a postgraduate degree, like going to law or medical school, your GPA will be an integral part of your admission decision. Those, I believe, will do more for your career prospects than a 4.0 ever could.

Persons: I'm, —, Chelsea Jay, Jay Organizations: Northwestern University, Medill, Northwestern, CNBC Locations: Evanston , Illinois, Lake Michigan, Northwestern, New Jersey

☆ The Supreme Court may have a shot to strike down Section 230 after a child's death was blamed on a 'blackout challenge' seen on TikTok
▼ + stars: | 2024-09-10 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +7 min

In a decision on August 27, the US Third Circuit Court of Appeals found that, in 2021, TikTok — via its "For You Page" algorithm — recommended a video promoting a "blackout challenge" to 10-year-old Nylah Anderson. The company had argued in court that it was immune from prosecution due to Section 230 of the Communications Decency Act. AdvertisementBut the Third Circuit ruling could change that. French and other supporters of the Third Circuit ruling argue that TikTok's liability protections should end where its algorithmic suggestions begin. If they do, their ruling could have even broader consequences than the Third Circuit ruling.

Persons: —, Nylah Anderson, Paul Matey, TikTok, Nylah, asphyxiate, We'd, David French, Betsy Rosenblatt, Rosenblatt, Clarence Thomas, Neil Gorsuch, SCOTUS, Amy Coney Barrett Organizations: Service, US, Appeals, TikTok, Business, Communications, Circuit, New York Times, Third Circuit, Spangenberg, for Law, Technology, Arts, Moody

☆ Credit expert: You have 'dozens and dozens' of credit scores, but they should all have one thing in common
▼ + stars: | 2024-09-10 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

The idea that you only have one credit score isn't true. In fact, it's one of the biggest credit score myths people consistently fall for, says John Ulzheimer, a credit expert who formerly worked for FICO and Experian. "You literally have dozens and dozens and dozens of credit scores that are not all the same three-digit number," he tells CNBC Make It. Unfortunately, the difference in numbers can cause confusion or even mistrust if you're not aware that you have multiple credit scores, Ulzheimer says. "But really, they're not doing anything wrong, they're just pulling a completely different credit report."

Persons: John Ulzheimer, —, Ulzheimer, they're Organizations: FICO, CNBC

Republican vice presidential nominee Sen. JD Vance of Ohio speaks to reporters in San Diego in front of the wall on the border with Mexico, Sept. 6, 2024. A Biden administration official on Tuesday said it was "dangerous" for Republican vice presidential nominee Sen. JD Vance of Ohio to promote a false conspiracy theory that Haitian immigrants were stealing and eating other people's pets. Vance in a social media post on X on Monday shared a video of him speaking during a Senate committee hearing about a surge in Haitian immigrants living in Springfield, Ohio. "Months ago, I raised the issue of Haitian illegal immigrants draining social services and generally causing chaos all over Springfield, Ohio," Vance wrote in that tweet. His tweet came a day before Republican presidential nominee former President Donald Trump was due to debate Harris in Philadelphia.

Persons: Sen, JD Vance, Biden, Vance, you've, that's, let's, John Kirby, Kirby, Kamala Harris, Harris, Donald Trump, Donald Trump Jr, Ted Cruz, Ted Cruz of Texas —, Springfield who've Organizations: Republican, Republican Party, Security, Democratic, . Springfield Police, Springfield Police, NBC News, Trump Locations: Ohio, San Diego, Mexico, Springfield , Ohio, United States, Philadelphia, Ted Cruz of Texas, Springfield, North Carolina, Pennsylvania

AdvertisementHow to clean a window AC unitYou should clean your window air conditioner thoroughly at least once a year. AdvertisementHow to clean a window AC unit with moldDrago recommended a deep clean of your window AC unit if you discover mold, performing all of the abovementioned steps. AdvertisementHow to clean a window AC unit without removing itThe safest way to thoroughly clean your window air conditioner is to remove it from the window, but that's not always possible. Insider's takeawayCleaning your window air conditioner will extend its lifespan, ensure it functions properly, and save you money in energy costs. Consider a few of the picks from our best air conditioner guide:Midea U Inverter Window Air Conditioner (MAW08V1QWT) The Midea U Inverter Window Air Conditioner features a unique design that allows you to open the window when it's installed, and it's one of two ACs to earn Energy Star Most Efficient Certification.

Persons: Ray Bramble, Vincent Drago, James Brains, Drago, Bramble, you've, that's, it's Organizations: King, Energy, Amazon Locations: Aire, Central Shenandoah Valley, Westchester County , New York

☆ Why oil prices have cratered to their lowest level in nearly 3 years
▼ + stars: | 2024-09-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Oil prices plunged to their lowest level since December 2021, with Brent oil falling 4% to $68.99 on Tuesday. OPEC cut its oil demand outlook and delayed production boosts, while US production hits record highs. In its monthly oil market report, OPEC cut its outlook for oil demand because of the deceleration in China's economy. That's nearly double its oil production levels in 2014. Senior market analyst David Morrison at Trade Nation said in an email that investors shouldn't expect a rebound in oil prices anytime soon.

Persons: Brent, —, oil's, That's, David Morrison, Morrison Organizations: ., Service, brent, OPEC, Trade Nation Locations: Brent, YCharts

☆ Apple failed to mention one pretty big iPhone concern at its Glowtime event — and that's a problem
▼ + stars: | 2024-09-10 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Analysts have predicted a "golden upgrade cycle" for Apple following the official launch of the iPhone 16, complete with AI capabilities. Still, execs didn't mention the massive market — where its iPhone sales have struggled in 2024 — at the Glowtime event. AdvertisementThe reported partnership with Baidu "will fill in a missing piece of the AI puzzle in the key China market," Wedbush Securities analysts wrote in a Monday note. Apple's Chinese smartphone competitors aren't letting up in their pursuit of dethroning the giant. Related storiesApple may be experiencing a slip in smartphone sales in China, but Huawei saw its sales leap 69.7% in the first three months of 2024.

Persons: —, OpenAI, Max, It's Organizations: Service, Analysts, Apple, Business, Huawei, Street Journal, Apple Intelligence, preorder, Baidu, Wedbush Securities Locations: China, —, Greater China

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