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☆ I spend $1,300 a year on credit-card fees to get big travel perks. Here are ones I swear by and which I won't pay for again.
▼ + stars: | 2024-08-22 | by ( Jamie Davis Smith | ) www.businessinsider.com time to read: +6 min

I'm a frequent traveler spending $1,300 a year on credit card fees to get great perks. My United℠ Explorer Card card has gotten me priority boarding but I'm not sure I want to keep it. For years, I prided myself on using no-fee credit cards that offered a small amount of cash back on purchases. But I changed my mind once I started traveling more and learning about the perks some credit cards offered. Here are my favorite travel card perks, plus a few I've enjoyed but would be OK losing.

Persons: I'm, —, I've, Taylor Rains Organizations: American Express, Service, Honors, Chase, United, United Club Locations: New Delhi, Washington, DC

☆ I'm a mom of 4 and have done back-to-school shopping for over a decade. These are the 3 things I've learned.
▼ + stars: | 2024-08-20 | by ( Nicole Johnson | ) www.businessinsider.com time to read: +6 min

Read previewBack in the 80s and 90s, school shopping seemed straightforward and relatively inexpensive. As the parent of four children who's been back-to-school shopping for over a decade, I have realized the real key to surviving this time of year is being creative. With two in middle school and two in college, back-to-school shopping costs me almost as much as (if not more than) our family's most expensive holiday, Christmas. If nothing works out from last year's clothing, many secondhand stores will buy the kid's clothes that no longer fit. If they choose to spend more on school supplies, it will impact the amount they are allowed to spend on clothes.

Persons: —, I'm, who's, I've, haven't Organizations: Service, Business, Local, Facebook, Nike

☆ Opinion | What Harris Has to Do Next, and Fast
▼ + stars: | 2024-08-20 | by ( Patrick Healy | ) www.nytimes.com time to read: +1 min

If the Republican convention’s message for America last month had to fit on a bumper sticker, it would read, “Trump is God.” Delegates deified him relentlessly as the risen Trump after the assassination attempt. They told me over and over that he was spared to save the country with his re-election. Only on the final night did Donald Trump come crashing down to earth with his nomination speech. The most divisive man in America was suddenly getting a measure of good will from skeptical voters after he was nearly killed. The good news for Democrats is that Harris seems to understand this.

Persons: “ Trump, ”, Trump, Donald Trump, Biden’s, “ Harris, Don’t, Bill Clinton, Kamala Harris, Harris Organizations: America, Democratic, “, Democrats Locations: America

☆ How buyers and sellers are navigating real estate’s seismic shake-up
▼ + stars: | 2024-08-19 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

Traditionally, home sellers in the US have been responsible for paying real estate commissions. The standard 5% or 6% commission was usually split between the seller’s broker and the buyer’s broker, referred to as cooperative compensation. After August 17, sellers and their agents are prohibited from advertising how much they would pay to a buyer’s agent in the MLS. Given the new rules, McMahan said she might reconsider her offer of a 3% buyers’ broker commission the next time she sells her home. These agreements are intended to inform buyers that they may be responsible for covering their Realtor’s commission payment themselves if a seller chooses not to offer it.

Persons: Dana McMahan, ” McMahan, “, McMahan, ”, —, David Ryder, Bill Colson, Colson, ” Colson Organizations: CNN, National Association of Realtors, Realtors, MLS, ”, NAR, Bloomberg, Getty, Maryland, Navy Locations: Louisville , Kentucky, Blue Ridge , Georgia, Maryland, Georgia

☆ I'm a professional declutterer. Dorm rooms can get messy fast — here are 4 tips for keeping dorm rooms clutter-free.
▼ + stars: | 2024-08-16 | by ( Julia Williamson | ) www.businessinsider.com time to read: +4 min

Living in a pile of clutter makes it harder to get your schoolwork done and harder to have fun. I'm a professional declutterer specializing in clearing out spaces and ensuring they're being utilized properly. So here are four tips to better manage your dorm room this school year — at least your side of it. Go vertical whenever possibleSome dorm room beds can be raised to create storage space underneath, so take advantage of it. AdvertisementIf your bed goes really high, increase your floor space by putting your desk or a comfy chair below.

Persons: —, I'm, that's, You'll, It's Organizations: Service, Business, Princeton University

☆ NBCUniversal is pinning Peacock's streaming success on its $2.45 billion per year NBA deal
▼ + stars: | 2024-08-15 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +7 min

On Jan. 13, NBCUniversal's subscription streaming service Peacock showed its first-ever exclusive NFL playoff game — a 26-7 victory by the eventual Super Bowl-winning Kansas City Chiefs over the Miami Dolphins. For NBCUniversal, obtaining NBA rights helps guarantee sustainability in a fight for eyeballs against streaming behemoths such as Netflix , Amazon Prime Video and Disney +. Beginning with the 2025-26 season, Peacock will have about 50 exclusive national regular-season and postseason NBA games, including national Monday night games and doubleheaders. Having exclusive NBA games is really important for that mission." Discovery decided not to compete with NBCUniversal for NBA rights once the price tag ballooned past $2 billion per year.

Persons: Angela Weiss, Rick Cordella, Peacock, Patrick Mahomes, Kansas City Chiefs Jamie Squire, Cordella, NBCU, they've, David Berson, Jessica Reif Ehrlich, Ehrlich, NBCUniversal, Adam Silver Organizations: NBA, AFP, Getty, Comcast, NBC Sports, Disney, NFL, eventual, Kansas City Chiefs, Miami Dolphins, Nielsen, Research, Peacock, Premier League, WWE, IndyCar, Recreation, Sports, Media, Netflix, Amazon Prime, Paramount, CBS Sports, Skydance Media, Warner Bros . Discovery, Bank of America, NBC, Warner Bros, Discovery, TNT, ABC, ESPN, Hollywood, CNBC Locations: New York, U.S, Peacock

The group most directly affected by restrictions on abortion — women of reproductive age — are broadly against them, new survey results have found. Nearly half of Republican women of reproductive age said abortion should be legal in most or all cases. The report released Wednesday focuses more narrowly on how women of reproductive age view abortion, based on 3,900 responses. KFF’s survey results in Florida suggest that 72% of reproductive-age women there think abortion should be legal, including roughly half of Republican women. Frederiksen said her research shows that many women are unaware of or misinformed about their states’ abortion landscapes.

Persons: KFF, Kamala Harris, Donald Trump, Brittni Frederiksen, Trump, Harris, ”, Sen, Lindsey Graham, JD Vance, Trump’s, Vance, Frederiksen, Katie Hobbs, Arizonans Organizations: Republican, Survey, Gallup, Congress, CBS, Pew Research Center, ”, Gov, CBS News Locations: U.S, Arizona, Missouri, R, Ohio, Florida, Arizonans

Ricaurte Vásquez Morales is a man obsessed with water. An app on his phone displays the fluctuating level of Lake Gatún, the artificial reservoir that is the centerpiece of the Panama Canal system. Mr. Vásquez Morales is the administrator of the Panama Canal, which is both the economic heart of his isthmus nation and a central artery for global trade. Last year, a drought dropped the lake to critical levels, prompting canal authorities to limit traffic. At the worst point, in December, only 22 ships a day were allowed to pass through the canal, down from the usual 36 to 38.

Persons: Ricaurte Vásquez Morales, ”, Vásquez Morales Organizations: Atlantic Locations: Gatún, Panama, Asia, East Coast, United, Central American

☆ I quit my Big 4 accounting job to be a full-time entrepreneur. It's useful to have a stable job for as long as you can.
▼ + stars: | 2024-08-14 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +8 min

Macdonald, 32, quit his accounting job at PwC in 2016 to work on ManiLife full-time. I decided to accept a job at PwC, a Big Four accounting company, for a three-year graduate program. When the time came to return to my accounting job in September 2015, I gave up my peanut butter venture and returned to the UK. I had shelved my idea for a peanut butter brand to work at PwCI came up with the idea for ManiLife — my peanut butter company — living in Argentina. Having a stable job helped me get my business off the groundI think I left my PwC job at the right time.

Persons: —, Stu Macdonald, Macdonald, I'd, weren't, didn't, I've, I'm Organizations: Service, Business Locations: Wilmslow , England, PwC, Argentina, Córdoba, British

☆ An Australian boomer retired in Thailand on an $18,000 annual pension. He saves almost half his income and can still travel the world.
▼ + stars: | 2024-08-14 | by ( Allie Kelly | ) www.businessinsider.com time to read: +4 min

This story is available exclusively to Business Insider subscribers. Walker now lives off his roughly $18,000 annual pension (AU$28,000), according to bank statements reviewed by Business Insider. And, because his expenses in Chiang Mai are so low, Walker said he is able to save about 40% of his income. Business Insider has heard from Americans who moved from Texas to Panama, California to Italy, and Minnesota to Mexico, all in search of exciting travels and reduced financial stress. In Thailand, Walker said he has met people from all over the world.

Persons: —, John, Walker, Chiang, Chiang Mai, It's Organizations: Service, Business, Social Security Administration Locations: Chiang Mai, Thailand, Western Australia, Texas, Panama , California, Italy, Minnesota, Mexico, Chiang, Australia, Spain, Majorca, Costa Rica

☆ Move over dealmakers: Portfolio-company operators are the rising stars of private equity
▼ + stars: | 2024-08-14 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +11 min

Read previewDealmakers have always been the stars of private equity. AdvertisementKevin Desai, partner and private equity sector leader at PwC PWCBut in the current climate, portfolio-operations professionals are gaining esteem. AdvertisementPrivate equity 3.0Rising interest rates nearly two and a half years ago ushered in a new economic reality that hit private equity firms right in the pocket. Since private equity relies on debt to boost returns, the first option is off the table. These people are taking their talents to private equity firms to manage smaller companies using an already proven playbook for technological transformation.

Persons: —, you've, Marc Rowan, Rowan, Kevin Desai, Desai, I've, What's, they're, quants, we've Organizations: Service, Business, PricewaterhouseCoopers, University of Chicago, Walmart, Nike, Harvard Business Locations: dealmaking

☆ Meet the millennials who got student-loan forgiveness and now have the freedom to save for retirement, grow their families, and consider going back to school
▼ + stars: | 2024-08-14 | by ( Ayelet Sheffey | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +17 min

Scott M. Smith, 40, wasn't expecting student-loan forgiveness. Scott M. Smith, 40, received student-loan forgiveness through PSLF. AdvertisementThe freedom to go back to schoolFor Paul Smylie, 39, student-loan forgiveness means something else. Smylie's student-loan forgiveness is giving him the financial freedom to consider doing just that. In a rule first established under President Barack Obama, any student-loan borrower who can prove they are totally and permanently disabled is eligible for student-loan forgiveness.

Persons: Scott M, Smith, wasn't, — Smith, servicer, hadn't, —, who's, PSLF, Joe Biden's, Millennials who've, Zers, millennials —, Gen Xers —, Paul Smylie, Smylie, Gen Xers, Chloe Moore, Financial Staples, Keenan Casey, CiCora Leigh, Leigh, Cicora Leigh, Barack Obama, Beverley —, Beverley, Grayson Hofferber, Hofferber, they'll, that's, someone's, Casey Organizations: Service, Public, Business, Education Department, Federal Reserve, SAVE, Appeals, Associated Press, Gallup, Lumina Foundation, millennials, Financial, Army, University of Mississippi, Veterans Affairs, BI, Millennial Wealth Management Locations: Mississippi, Beverley, forbearance, deferment

☆ Judge in Trump hush money case says he will not recuse himself
▼ + stars: | 2024-08-14 | by ( Kara Scannell | ) edition.cnn.com time to read: +2 min

CNN —The judge overseeing Donald Trump’s criminal trial related to hush money payments said he will not recuse himself from the case, rejecting the former president’s latest attempt to remove him ahead of his sentencing next month. Trump has repeatedly sought to remove Judge Juan Merchan from the proceedings, citing work the judge’s daughter has done for Democratic campaigns. In denying Trump’s motion, the judge wrote, “this court now reiterates for the third time, that which should already be clear – innuendo and mischaracterization do not a conflict create.”The judge said Trump has offered no new facts to warrant another review. “Counsel has merely repeated arguments that have already been denied by this and higher courts,” Merchan wrote in his decision. “President Trump will continue to fight this scam, and will always do all he can to save this great country from the dangerously liberal Harris-Biden mess.”This story has been updated with additional reaction.

Persons: Donald Trump’s, Trump, Juan Merchan, ” Merchan, Merchan, ” Steven Cheung, “, ” Cheung, Harris, Biden, CNN’s Paula Reid Organizations: CNN, Democratic, White

☆ How David Zaslav can save Warner Bros. Discovery as the cable bundle collapses, according to a top media analyst
▼ + stars: | 2024-08-14 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

AdvertisementThose moves show just how rapidly the cable TV business is unraveling. WBD's direct-to-consumer segment still loses money, and its streaming revenue actually declined 6% from last year — even though Max added 3.7 million subscribers. WBD added 3.9 million streaming subscribers abroad last quarter, thanks to its rollout across Europe ahead of the Olympics, which the company broadcasts outside the US. If that service attracts enough cord-cutters, it could help stop the bleeding in WBD's fast-declining pay TV business in a best-case scenario. Join forces with other media firmsAdvertisementAlthough WBD is struggling as the pay-TV business shrinks, the silver lining is that it's not alone.

Persons: —, David Zaslav, Patience, WBD wasn't, Max, Fox —, Tim Nollen, WBD, Nollen, Venu, NBA would've, it's Organizations: Service, Warner Bros, Business, Paramount, Macquarie Research, Disney, NBA, Comcast's NBC, MLB, NHL, TNT, TBS, Max, Hulu Locations: WBD, Europe, Latin America

As the economy continues to normalize and the Fed is able to lower the federal funds rate, mortgage rates should drop further. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. Mortgage Rates for Buying a Home30-Year Fixed Mortgage Rates Increase (+0.26%)The current average 30-year fixed mortgage rate is 6.17%, up 26 basis points from where it was this time last week, according to Zillow data. 15-Year Fixed Mortgage Rates Go Up (+0.26%)The average 15-year mortgage rate is 5.45%, 26 basis points higher than last week. Mortgage Refinance Rates30-Year Fixed Refinance Rates Jump Up (+1.07%)The average 30-year refinance rate is 7.04%, 107 basis points up from last week.

Persons: Zillow, Price, you'll, It's, refinance, they've Organizations: Federal Reserve, Zillow, FHA Locations: U.S, Chevron

Olivia Ott / NBC NewsHow we tested Windmill and July’s air conditionersTwo of my colleagues and I tested Windmill and July’s ACs for at least five weeks in our New York City apartments. July sent me its small 6K BTU air conditioner, which I put in my bedroom. My LG air conditioner was so loud that I felt like I couldn’t hear myself think. JulyEven after over a month, I’m still shocked when I walk into my bedroom and barely notice my air conditioner. For this article, I tested July’s air conditioner for over a month, and two members of NBC Select’s staff tested Windmill’s air conditioner for over a month.

Persons: you’ll, Zoe Malin, Nikki Brown, Olivia Ott, Bianca Alvarez, you’re, I’ve, ”, Brown, Alvarez, I’d, she’s, “, it’s, Windmill’s, I’m, Both Alvarez, hasn’t, —, TikTok Organizations: NASA, NBC, British, Units, National Council, Aging, Alexa, July’s, ACs, Windmill, AC, July’s AC, LG, Amazon Alexa, decibel, Facebook, Twitter Locations: New York City, BTUs, Taskrabbit, NYC, France

☆ Federal grand jury hears testimony on scam to steal Graceland from Elvis Presley’s family
▼ + stars: | 2024-08-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Brandy-Zadrozny-Circle-Byline-Template.Jpg | Brandy Zadrozny | ) www.nbcnews.com time to read: +4 min

MEMPHIS, Tenn. — A federal grand jury heard testimony Tuesday about a scam to steal the Graceland estate from Elvis Presley’s family. The Odell Horton Federal Building, in downtown Memphis, houses several federal offices, including the U.S. District Court for the Western District of Tennessee. Elvis Presley's Graceland estate was the target of a scam. Ariel J. CobbertPhilbrick was in Memphis on Monday with a friend to tour the Graceland estate before testifying before the grand jury on Tuesday. (A representative for the Graceland estate did not respond to a request for comment.)

Persons: Elvis Presley’s, Rasheed Jeremy Carballo, Lisa Holden, Holden, Lisa Marie Presley’s, Micah McCoy, NBC News Holden, Lisa Marie Presley, Elvis ’, ” Carballo, Kimberly Philbrick, Kevin Ritz’s, Odell Horton, Ariel J, Cobbert, Philbrick, Holden’s, “ Lisa, ”, Maria Tazbaz, ” Tazbaz, “, Elvis Presley's Graceland, Cobbert Kimberley Philbrick, Cobbert Philbrick, Graceland, ” Philbrick Organizations: NBC News, Holden, Naussany Investments, NBC, FBI, U.S, Western, of, U.S . Postal Inspection Locations: MEMPHIS, Tenn, —, Branson , Missouri, Graceland, Memphis, U.S, of Tennessee

☆ They survived rape, death threats: LGBTQ+ asylum-seekers seek a life of safety, peace
▼ + stars: | 2024-08-13 | by ( Andrés González | Andrés González Is A Senior Producer With Msnbc. | ) www.nbcnews.com time to read: +8 min

Andres Gonzalez / NBC News“To live in Honduras and be part of the LGBT community is all about survival,” Gretta Mazariegos said. “I had to become a very resilient person for my brother,” Gretta Mazariegos said. Crawford said it is common for LGBTQ asylum-seekers to face barriers when collecting evidence and documentation, such as police reports and medical records. It might be that they had to flee so quickly, they couldn’t gather that type of evidence,” Crawford said. Gretta Mazariegos said there are "so many things I want to do," so many plans.

Persons: JERSEY CITY , New Jersey — Michelle Carranza, ” Carranza, Gretta Mazariegos, Isaac, Michelle Carranza, Andres Gonzalez, “, ” Isaac Mazariegos, Carranza, Gretta, ‘, ’ ” Carranza, Mazariegos, ” Gretta Mazariegos, ”, ‘ You’re, You’re, Joe Biden, Bridget Crawford, ’ ” Crawford, ” Crawford, Crawford, Michelle, Isaac Mazariegos Organizations: JERSEY CITY, NBC News, MSNBC, NBC, of American, Human Rights Watch, U.S . Customs, Carranza, U.S, Immigration Locations: JERSEY, JERSEY CITY , New Jersey, Honduras, of, Guatemala, Chiapas, Mexico, Tijuana, U.S, Latin America, Calexico , California, Villanueva, Trenton , New Jersey, “

☆ Ukraine's surprise incursion leaves Putin scrambling to save face — and his territory
▼ + stars: | 2024-08-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Yuliya-Talmazan-Circle-Byline-Template.Jpg | Yuliya Talmazan | ) www.nbcnews.com time to read: +2 min

Things seemed to be going so well for Vladimir Putin — at home and on the battlefield. Now Russia is the battlefield, after Ukraine’s stunning assault across the border turned the tables on Putin’s war and left his army scrambling to retake its own land. Putin convened a meeting with governors from the border regions as well as top defense and security officials on Monday. “One of the justifications that he routinely uses for the invasion of Ukraine is the security of the Russian state. The fact that Ukraine has launched this incursion into Russian territory, I think, is absolutely humiliating for him,” Fraser told NBC News.

Persons: Vladimir Putin —, Putin, Gavriil, ”, Callum Fraser, ” Fraser, “, Volodymyr Zelenskyy Organizations: Kremlin, Royal United Services Institute, NBC News, Kyiv Locations: Russia, It’s, Russian, Ukraine’s, Russia’s, London, Ukraine, Kursk

Nesmith said she had flown into Greece on Sunday, the day the wildfire initially broke out in the village of Varnavas, about 20 miles north of Athens. As the danger spread, Greece implored fellow European Union members to help respond to the blaze. “We stand with Greece as it battles devastating fires,” European Commission President Ursula von der Leyen said in a statement on X on Monday. While wildfires are common during the summertime in Greece, climate scientists have warned that unusually hot and dry weather connected to climate change can make fires more likely to ignite and spread. A satellite image shows the ongoing fire near Athens, Greece.

Persons: Nesmith, Vassilis, Ursula von der Leyen, Kikilias, Angelos Tzortzinis, Maria Sidiropoulou, Chantal Da Silva Organizations: Reuters, Officials, Volunteers, Aris Oikonomou, Getty, Union, Copernicus, NBC Locations: Greece, Varnavas, Athens, “, Vrilissia, AFP, EU, Italy, France, Czechia, Romania, Chalandri, European, Libya, Stamata, London

☆ Allies want Trump to get on message and long Covid test proves elusive: Morning Rundown
▼ + stars: | 2024-08-13 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +10 min

A study on long Covid fails to bring researchers closer to finding a diagnostic test. Why there’s no test yet for long CovidAn estimated 17 million people have long Covid, but identifying people with the condition still can't be achieved with one diagnostic test, researchers said this week. So “clinicians are left to continue doing what we have done in the past,” which is to rule out other potential health conditions rather than diagnosing long Covid, they said. The study is part of the National Institute of Health’s RECOVER Initiative, a billion-dollar-plus effort launched in 2021 to research causes and treatments of long Covid. The Freedom Caucus added that in the event of a stopgap bill, funding should be “extended into early 2025” to avoid passing a funding bill that “preserves Democrat spending.” Both demands would spark a standoff with Democratic lawmakers.

Persons: Donald Trump, Kamala Harris, Trump, Harris, Kevin McCarthy, Joe Biden, Oleksandr Syrskyi, Vladimir Putin, Putin, Aleksei Smirnov, Karen Bass, S. Organizations: Los Angeles, Trump, Former, Fox News, Kremlin, Los Angeles —, Lacrosse, Flag Locations: Florida, Ukraine, Kursk, Ukrainian, L.A, Paris, Los Angeles, Angeles, 4 e

The secretary of state's office estimates that 577,971 valid signatures were turned in by Arizona for Abortion Access, a coalition of reproductive rights organizations that includes the American Civil Liberties Union of Arizona and Planned Parenthood Advocates of Arizona. The Arizona for Abortion Access Act will go before voters under the title "Proposition 139." “This is a huge win for Arizona voters who will now get to vote YES on restoring and protecting the right to access abortion care, free from political interference, once and for all,” Cheryl Bruce, campaign manager for Arizona for Abortion Access, said in a statement. In a video shared by the Arizona secretary of state's office, Secretary of State Adrian Fontes acknowledged the legal hurdles the ballot proposal is likely to face. "This is going to certify that the initiative has made the ballot," said Fontes.

Persons: JP Martin, ” Cheryl Bruce, it’s, ” Chris Love, Dobbs, Roe, Wade, Katie Hobbs, Adrian Fontes, —, Fontes Organizations: NBC, Abortion, American Civil Liberties Union of Arizona, Arizona, U.S, Supreme, Democrats, Democratic, Republican Locations: Arizona

☆ I was sick of spending my travel budget on weddings, so now I turn every invitation into a vacation
▼ + stars: | 2024-08-13 | by ( Anna Staropoli | ) www.businessinsider.com time to read: +4 min

To maximize pricey flights, I've leveraged weddings to explore places like West Palm Beach, Cleveland, and even my own city. Once in Sandusky, I maintained that eagerness, visiting Lake Erie, trying Culver's custard, and exploring Marblehead Lighthouse. To manage expectations, I've learned to treat each wedding trip as an introduction to a place. A few years ago, I planned my first post-wedding trip to Miami after a friend's West Palm Beach ceremony. Beyond visiting the Norton Museum of Art, I saw little of West Palm.

Persons: —, I've, Anna Staropoli, I'd, I'm, could've Organizations: Service, Business, Miami, Norton Museum of Art, Chicago Botanic Garden Locations: West Palm Beach , Cleveland, Ohio, Anna Staropoli Sandusky , Ohio, Cleveland, Sandusky, Lake Erie, Marblehead, Miami, Palm, West Palm, Canandaigua, Lake Canandaigua, Rochester , New York, Chicago, Shore, Lake Forest , Illinois

☆ Investors are banking on the Fed to save stocks and the economy, according to Wall Street survey
▼ + stars: | 2024-08-13 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Ninety-three percent of the fund managers in the survey are expecting lower short-term rates in the next 12 months, marking the highest percentage in the past 24 years, BofA said. .SPX YTD mountain S & P 500 Only 31% of fund managers are overweight stocks now, down from 51% in July, the survey showed. Global growth expectations are at their lowest in 8 months with about half of respondents expecting weaker growth the next 12 months, the survey showed. Still, the majority of investors (76%) expect the Fed to engineer a soft landing, up from 68% last month, the survey said. The August survey from BofA captured the sentiment of 220 respondents with $590 billion in assets under management.

Persons: BofA, Michael Hartnett Organizations: Federal Reserve

☆ Who gets the Hamptons house? How rich Americans give homes to their children without causing feuds.
▼ + stars: | 2024-08-13 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +3 min

Even among rich heirs, passing on real estate without proper planning can lead to sibling strife. What if one sibling wants to renovate the Aspen chalet and the others don't want to split the cost? Instead of leaving these thorny questions up to the kids, parents can control how the property will be managed after they die. Related storiesWhen equal isn't equitableParents often assume that their adult children will share the property equally after they pass, according to Ludman. Perhaps two of three adult heirs are wealthier than the third, who doesn't want to share the burden of property tax and other costs.

Persons: haven't, Adam Ludman, Will, Ludman Organizations: Service, Hamptons, Aspen, JPMorgan Private Bank Locations: Ludman

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