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☆ Residents of Wyoming have the most positive outlook on life, new survey shows—Hawaii didn't make the top 5
▼ + stars: | 2024-09-25 | by ( Renée Onque | ) www.cnbc.com time to read: +1 min

Hawaii may be the happiest state in America, but according to a recently conducted study, the residents of Wyoming have the most positive outlook on life. The company polled 5,000 U.S. adults, including 100 participants from each state. The survey was also done in partnership with Dr. Deepika Chopra, a behavioral scientist who is commonly referred to as "The Optimism Doctor." "Scores were averaged together to provide a score of that state's optimism," according to the press release. Hawaii didn't make the top five on the list, despite being known for its stellar weather and happy residents.

Persons: Dr, Deepika Chopra Organizations: Wakefield Research Locations: Hawaii, America, Wyoming

☆ Ellen DeGeneres admits she was an 'immature boss' after talk-show controversy led to her fall from grace
▼ + stars: | 2024-09-25 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +6 min

Read previewEllen DeGeneres took the stage for what she says is her final comedy special in "Ellen DeGeneres: For Your Approval," an hour-long Netflix special that dives into the comedian's fall from grace. First, beauty YouTuber Nikkie de Jager spoke about her negative appearance as a guest on "The Ellen DeGeneres Show." In July of that year, a BuzzFeed News report was published containing allegations from former employees of a toxic work culture on DeGeneres' talk show. Ultimately, DeGeneres said, her "be kind" mantra on "The Ellen DeGeneres Show" put her in a box. "Ellen DeGeneres: For Your Approval" is now streaming on Netflix.

Persons: —, Ellen DeGeneres, DeGeneres, Nikkie de Jager, Dory, Wilson Webb, Netflix DeGeneres, Ellen, I've Organizations: Service, Netflix, Business Locations: America

☆ Stocks making the biggest moves midday: Flutter Entertainment, Hewlett Packard Enterprise and more
▼ + stars: | 2024-09-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Flutter Entertainment — The sports betting stock rose more than 6% after the FanDuel parent announced a share buyback program of up to $5 billion. Hewlett Packard Enterprise — The tech stock jumped more than 5% after Barclays upgraded the firm to overweight from equal weight. KB Home reported $2.04 in earnings per share, or 2 cents short of consensus estimates, according to analysts surveyed by LSEG. Analysts had expected $1.14 in earnings per share on revenue of $176.2 million, according to FactSet. The workplace uniform company sees revenue of $10.22 billion to $10.32 billion for fiscal 2025, compared to its prior guidance of $10.16 billion to $10.31 billion.

Persons: HPE, Morgan Stanley downgrades, Adam Jonas, Ford, Bilibili, Warren Buffett's Berkshire Hathaway, Cintas, — CNBC's Sean Conlon, Yun Li, Alex Harring, Hakyung Kim, Lisa Han, Pia Singh Organizations: Hewlett Packard Enterprise, Barclays, Juniper Networks, General Motors, Ford —, JPMorgan, . Bank of America, LSEG, Trump Media & Technology Locations: Bilibili —

☆ Salesforce may finally have found its AI footing. What it means beyond the initial hype
▼ + stars: | 2024-09-25 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

Bowing to investor pressure, Salesforce has adopted a more disciplined approach to dealmaking, increasing the importance of internal product development. "Agentforce is the product announcement [Salesforce] investors have sought for years," Needham analysts wrote in a recent note to clients. Salesforce stock remains down about 13% from its 2024 peak close and record high of $316.88 a share on March 1. CRM 1Y mountain Salesforce's stock over the past 12 months. Analysts said Salesforce is cheap compared to peers on multiple valuation metrics with ample room to increase free cash flow ahead.

Persons: Salesforce, Jim Cramer, Agentforce, Mulesoft, Needham, Einstein, —, Jim, Bofa, Baird, Piper Sandler, Piper, Jim Cramer's, Marc Benioff, Salesforce's Dreamforce, Justin Sullivan Organizations: Wall Street, Nasdaq, Barclays, Saks, Investors, Bank of America, CNBC, Getty Locations: Dreamforce, San Francisco, San Francisco , California

☆ Watch Wednesday's full episode of Fast Money — September 25, 2024
▼ + stars: | 2024-09-25 | 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 EmailWatch Wednesday's full episode of Fast Money — September 25, 2024"Fast Money" is America's post-market show. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" breaks through the noise of the day, to bring you the actionable news that matters most to investors.

Persons: Melissa Lee

☆ Here we go again: Egg prices are spiking. Here’s why
▼ + stars: | 2024-09-25 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

Egg prices spiked by 28.1% in August from 12 months ago, easily the biggest increase out of any food item tracked by the Bureau of Labor Statistics. The main culprit for rising egg prices is a familiar one: bird flu. Where egg prices are rising the mostStill, the current BLS average of $3.20 per dozen eggs remains high. Zooming in to focus on just the past year, Datasembly found that egg prices have increased the most in Hawaii (+49%), Minnesota (+44%) and Alabama (+38%). When egg prices spiked to record highs in early 2023, Cal-Maine’s profit skyrocketed 718%.

Persons: ”, Phil Lempert, they’ve, Price, Brian Moscogiuri, Datasembly, Moscogiuri, graf, ” Moscogiuri, Kevin Bergquist, Musharbash, Emily Metz, ” Metz, Lempert, “ Organizations: New, New York CNN, Bureau of Labor Statistics, Centers for Disease Control, Prevention, US Department of Agriculture, USDA, CNN, Shoppers, Food Institute, Farm, Maine Foods, Cal, Basel Musharbash, Monopoly, American Egg Board, SNAP Locations: New York, Minnesota, Missouri, Iowa, Oklahoma, Alabama, Hawaii, Wells, United States, Cal, Maine, Basel, Texas

☆ It takes more than a year for monetary policies to come through, BofA strategist says
▼ + stars: | 2024-09-25 | 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 EmailIt takes more than a year for monetary policies to come through, BofA strategist saysSebastian Raedler, head of European equity strategy at the Bank of America, discusses the impact of the Fed monetary policy on the U.S. market at the BofA Financials CEO conference in London.

Persons: Sebastian Raedler Organizations: Bank of America Locations: London

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, Disney, Ford, General Motors, Duolingo, Roblox, Alphabet & more
▼ + stars: | 2024-09-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Wells Fargo upgrades Baker Hughes to overweight from equal weight Wells says it likes the oil service company's business model. Morgan Stanley upgrades AutoNation to overweight from equal weight Morgan Stanley says AutoNation is well positioned in a bumpy macroeconomic environment. Morgan Stanley reiterates Apple as overweight Morgan Stanley says it's remaining cautious after checks of iPhone 16 demand for Apple. Morgan Stanley downgrades Ford to equal weight from overweight and General Motors to underweight from equal weight Morgan Stanley downgraded several automakers on Wednesday and said it's concerned about market share losses. Morgan Stanley reiterates Nike as equal weight Morgan Stanley raised its price target on Nike to $82 per share from $79 ahead of earnings on October 1.

Persons: Wolfe, Sallie Mae, it's bullish, Wells, Baker Hughes, Piper Sandler, Tesla, Piper, Morgan Stanley, AutoNation, Mike Manley, Duolingo, MARA, CORZ, Piper Sandler downgrades Tyson, it's, Oppenheimer, GOOG's, Baird, Locker Baird, Apple, TD Cowen downgrades Expedia, Cowen, Goldman Sachs, Goldman, Morgan Stanley downgrades Ford, Roblox Organizations: APO, Bank of America, Macquarie, Tyson Foods, Barclays, Hewlett Packard Enterprise, DOJ, Google, Foot, Apple, ISI downgrades, Pacific, Evercore, UNP, Disney, JPMorgan, Oil & Gas, Petrobras, Motors, GM, Citi, Investors, Nike Locations: CLSK, Foot Locker, Mexico, China, Fortnite

☆ My boyfriend and I moved in with my mom so I could pursue my dream career. We don't pay rent, and our routine works for us.
▼ + stars: | 2024-09-25 | by ( Gemma Lewis | ) www.businessinsider.com time to read: +6 min

Meanwhile, my passion for writing, a flame kindled since I wrote my first "book" at age 5, was quickly being smothered. The thought of quitting my job to pursue freelance writing was pretty irrational, if you judge rationality by safety and stability. back-of-the-envelope math ensued, suggesting I'd need to publish about 15 articles monthly to cover London rent and groceries. Courtesy of Gemma LewisOur dynamic works for usLiving with my mom has, on the whole, been comforting and easy. I'm doing exactly what I'm supposed to be doing, and I'm doing it precisely where my obsession with writing and storytelling first began.

Persons: —, She's, I'd, she'd, Gemma Lewis, We've, it's, I'm Organizations: Service, Business Locations: London, Canada, North America, West Coast, Scotland, Vancouver, Francisco, San Francisco

☆ Pope expels a bishop and 9 other people from a Peru movement over ‘sadistic’ abuses
▼ + stars: | 2024-09-25 | by ( Associated Press | Claudia Rebaza | ) edition.cnn.com time to read: +6 min

VATICAN CITY Associated Press —Pope Francis took the unusual decision Wednesday to expel 10 people – a bishop, priests and laypeople – from a troubled Catholic movement in Peru after a Vatican investigation uncovered “sadistic” abuses of power, authority and spirituality. It was announced by the Peruvian Bishops Conference, which posted a statement from the Vatican embassy on its website. The statement was astonishing because it listed abuses uncovered by the Vatican investigation that have rarely if ever been punished canonically — such as hacking someone’s communications — and cited the people the pope held responsible. Victims of Figari’s abuses complained to the Lima archdiocese in 2011, though other claims against him reportedly date to 2000. The investigation, published in 2017, found that Figari sodomized his recruits and forced them to fondle him and one another.

Persons: CITY Associated Press — Pope Francis, –, Francis ’, Luis Figari, ”, Figari, Pedro Salinas, Paola Ugaz, Sodalitium, Jordi Bertomeu, Charles Scicluna, Martin Mejia, Jose Antonio Eguren, Francis, Salinas, “ Organizations: CITY Associated Press, Peruvian Bishops Conference, CNN, South, Catholic, Maltese, Associated Press Locations: Peru, Vatican, America, South America, United States, Lima, Rome, Spain, Malta, Lima , Peru, Figari, Piura, Ugaz, Eguren’s, Peruvian

☆ Influencers are shepherding their online followers to IRL events as they look to build communities and make money
▼ + stars: | 2024-09-25 | by ( Amanda Perelli | Sydney Bradley | ) www.businessinsider.com time to read: +9 min

Vox Media has also doubled down on investing in podcasting and is helping its podcast creators expand into live events. Jackie Cinguina, chief marketing officer, and Lillian Xu, executive director, spoke with BI about the company's offerings for podcast creators. Vox Media leans on specific marketing, like placing podcast talent into larger in-person events to perform, like South by Southwest. "From an audience standpoint, we thought it was really important," Xu said about bringing back live events. You see them react to the audience and feed off of them when they are in front of a live audience."

Persons: —, Cary, Michael Huang, Cary Huang, Huang, Tana Mongeau, Brooke Schofield, Jake Shane, Ethan, Hila Klein, Mongeau, Schofield, Hugo Amsellem, it's, Jenna Bandy, Bree Green, Carson Roney, Alex Sheinman, Claire Parker, Ashley Hamilton, Parker, Hamilton, cohost Claire, Dan Howell, Phil Lester, Howell, Lester, Ariana Nathani, Jackie Cinguina, Lillian Xu, Cinguina, Vox, Xu, they're, Delia Cai, Hunter Harris, Emilia Petrarca, Sophia Efthimiatou, Efthimiatou Organizations: Service, Saban Media Center, Disney, Nickelodeon, YouTube, Business, Dolby Theatre, Snapback Agency, Snapback, of, Creators, Netflix, Vox, Vox Media, BI, Southwest, IRL Locations: Hollywood, LA, America, of America, York, Hamilton, South

☆ SEC charges Merrill Lynch, Harvest Volatility Management for ignoring client investment limits
▼ + stars: | 2024-09-25 | by ( Kristian Burt | In | ) www.cnbc.com time to read: +2 min

The Securities and Exchange Commission charged Harvest Volatility Management and Merrill Lynch on Wednesday for exceeding clients' predesignated investment limits over a two-year period. The SEC said Merrill connected its clients to Harvest while it knew that investors' accounts were exceeding the set exposure levels under Harvest's management. Both Merrill and Harvest received larger management fees while investors were exposed to greater financial risks, the SEC said. Both companies were found to neglect policies and procedures that could have been adopted to alert investors of exposure exceeding the designated limits. "Today's action holds Merrill and Harvest accountable for dropping the ball in executing these basic duties to their clients, even as their clients' financial exposure grew well beyond predetermined limits."

Persons: Merrill Lynch, Merrill, Harvest, Mark Cave Organizations: The Securities, Exchange Commission, Bank of America, SEC Locations: New York

☆ 49% of workers think they can meet their retirement goals — 35% say they will need over $1 million to retire comfortably
▼ + stars: | 2024-09-25 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

Overall, 35% of Americans believe they will need more than $1 million to retire and live comfortably, according to a new report by Bankrate.com. Older generations closer to retirement age are more likely to regret not saving for retirement early enough, the CNBC survey found. More than any other money misstep, not saving for retirement early enough is the biggest financial regret for 22% of Americans, according to another recent report by Bankrate. The retirement savings gapOther reports show that a retirement savings shortfall is weighing heavily on Americans, especially as they approach retirement age. "They are focused on their health and financial well-being, but many are at risk of not achieving a financially secure retirement."

Persons: Bankrate, Gen Xers, Zers, Jacqueline Reeves, you'll, Reeves, they're, Catherine Collinson Organizations: Fidelity Investments, Bankrate.com, CNBC, Bryn Mawr Capital Management, Pew, American, Transamerica Center, Retirement Studies, Transamerica Institute Locations: U.S, Bryn Mawr

CNN —New York City Mayor Eric Adams has been indicted on at least one federal criminal charge, multiple sources familiar with the matter tell CNN. The indictment follows a monthslong federal investigation into campaign fundraising violations and foreign influence. The mayor is expected to have several days to turn himself in, according to sources familiar with the case. New York City campaign finance records show Arkan donated $1,500. As part of their investigation, FBI agents seized Adams’ cell phones days after the raid on Suggs’ home.

Persons: Eric Adams, Adams, “, ” Adams, He’s, Edward Caban, Lisa Zornberg, Adams ’, Zornberg, David Banks, Brianna Suggs, Suggs, Erden Arkan, Arkan, Suggs ’, ”, Jumaane Williams Organizations: CNN, New, New York City, The New York Times, Mansion, City Hall, US, Southern, of, NYPD, Democratic Party, New York Police Department, KSK, FBI, Democratic, Turkish Locations: New York, New, of New York, America’s, City, Brooklyn, New York City, Manhattan, Adams ’, Turkish, Turkey, Üsküdar

☆ CNN Poll: Harris leads Trump among young voters but falls short of Biden’s 2020 winning margin
▼ + stars: | 2024-09-25 | by ( Ariel Edwards-Levy | ) edition.cnn.com time to read: +10 min

Harris leads Trump 52% to 40% among these likely voters younger than 35. Where female likely voters younger than 35 prefer Harris over Trump, 53% to 39%, male likely voters are closely divided. And among registered voters, young women are 15 points likelier than men to express a positive view of Harris. The CNN Poll was conducted by SSRS online and by telephone September 19-22, 2024, among 2,074 registered voters nationwide drawn from a probability-based panel. Likely voters include all registered voters in the poll weighted for their predicted likelihood of voting in this year’s election.

Persons: Kamala Harris, Donald Trump, Harris, Joe Biden, Biden, There’s, Young Trump, Obama, Trump, Trump’s, they’ve, Young, aren’t, Young Harris, CNN’s Jennifer Agiesta, Edward Wu Organizations: CNN, SSRS, Trump, Democratic, Quinnipiac University, Harvard Institute of Politics, Young, GOP, Young Republican, Republican, Democratic Party, Republicans, White, Trump voters

☆ Endeavour Catalyst discusses its AI investment plans
▼ + stars: | 2024-09-25 | 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 EmailEndeavour Catalyst discusses its AI investment plansAllen Taylor, managing partner at Endeavour Catalyst, says it has had "tremendous success" in markets in Latin America and the Middle East.

Persons: Allen Taylor Organizations: Endeavour Catalyst Locations: Latin America

☆ Bank of America says these 3 higher-risk stocks are well-positioned to take off as rate cuts spur an economic recovery in 2025
▼ + stars: | 2024-09-25 | by ( Christine Ji | ) www.businessinsider.com time to read: +1 min

Bank of America says the economy should enter a "recovery" phase as early as next year. So investors may want to consider higher-risk small-caps, which outperform in recovery, BofA says. Below are three higher-risk stocks that are well-positioned to take off next year. Go to newsletter preferences Thanks for signing up! But despite warning signs emerging in the labor market, Bank of America says investors should start to consider adding riskier assets to their portfolio heading into 2025.

Persons: BofA, —, Justin Post Organizations: of America, Service, Bank of America, Bank of, Federal Reserve, Business Locations: Bank of America's

☆ A 'gender promotion gap' fuels wealth inequality between men and women, Yale professor says
▼ + stars: | 2024-09-25 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

PeopleImagesProgress toward narrowing the gender pay gap has mostly stalled, in part due to something researchers call the "gender promotion gap." Women are about 13% less likely to be promoted than men, according to Shue's research. That imbalance is a major driver in the persistent income inequality between men and women, she said. About 70% of the gender wage gap is due to women occupying different positions compared to men, according to Shue. But even when men and women occupy the same position, women are paid less, she added.

Persons: Kelly Shue, Shue, Lean Organizations: Yale School of Management, CNBC's, Census, National Women's Law, Lean, McKinsey Locations: America

☆ In this close election, these reshoring bets are likely to succeed no matter who becomes president
▼ + stars: | 2024-09-25 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

Trade will work regardless Yet, reshoring is the one macroeconomic trade that will work no matter who wins the White House, according to Societe Generale. Last year, there were 287,000 reshoring and foreign direct investment job announcements, the second-highest year on record, according to the Reshoring Initiative . "One trade that has worked under both of the last two administrations is our US Reshoring 'beneficiary' equities," Kabra wrote. The company provides industrial automation products and services. The industrial conglomerate has a hand in a range of industries, including industrial automation solutions and building automation.

Persons: Donald Trump, Trump, Kamala Harris, John Deere, Harris, Dan Levy, Manish Kabra, Kabra, reshoring, Morgan Stanley, Blake Moret, Jill Carey Hall, Michael Feinger, Feinger, Peter Matt Organizations: Barclays, Societe Generale, Science, Generale's, China, Reshoring, Trump, Packaging Corporation of America, Cummins, Rockwell Automation, Honeywell, Bank of America, Eaton, Steel Dynamics, United Rentals, Commercial Metals Locations: United States, Mexico, China, U.S, reshoring, Midwest

☆ Trump is threatening tariffs on yet another business — and economists say it makes no sense
▼ + stars: | 2024-09-25 | by ( Ana Altchek | Grace Eliza Goodwin | ) www.businessinsider.com time to read: +8 min

Now, trade economists say Trump's latest trade threat makes no sense. I love the company, but as you know, they've announced a few days ago that they're going to move a lot of their manufacturing business to Mexico," Trump said at Monday's event. AdvertisementJohn Deere is the latest company to face a threat of tariffs from Donald Trump. It's not the first time Trump has threatened companies and Trump's threat to impose large tariffs on imports also isn't new. Trump's tariff goals going into the next election go beyond his former policy on international imports.

Persons: —, Donald Trump, John Deere, they've, Trump, Jonathan W, Coppess, Ian Sheldon, Sheldon, Gary Hufbauer, Hufbauer, Rick Wilking, he's, Trump's, we're, Nicole Bivens Collinson, Sandler, Travis, Rosenberg, Collinson, " Collinson, Kamala Harris Organizations: Service, Business, Fox Business, Republican, University of Illinois, Agricultural Marketing, Trade, The Ohio State University, Peterson Institute for International Economics Locations: Mexico, Smithton , Pennsylvania, Iowa, United States, University of Illinois Urbana, Champaign, Canada, North America, Central America, South America, Georgia, China

☆ Reddit's new AI translation could soon allow users anywhere to understand every comment in any language
▼ + stars: | 2024-09-25 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +1 min

Reddit is launching AI-powered translation in 35 countries. Initially introduced for users in France, the tool now supports multiple countries. AdvertisementPretty soon anyone can understand any hilarious or offensive comment made on Reddit anywhere. Reddit is now letting users in 35 different countries translate posts into other languages using machine learning-powered AI. Reddit first introduced the AI-powered translation tool in May when it added a feature that allowed users to translate posts into the French language in France.

Persons: —, Reddit Organizations: Service, Business Locations: France, Brazil, Spain, Germany, Italy, Philippines, Latin America

Megan Park’s “My Old Ass” isn’t the first film to ask whether it would be better to have a warning about what life has in store. Maisy Stella and Aubrey Plaza in "My Old Ass." Amazon MGM Studios“When I was writing ‘The Fallout,’ I was just flabbergasted as a millennial who grew up in Canada. Aubrey Plaza, Maisy Stella and director Megan Park attend the New York screening of "My Old Ass" on Sept. 12. Gesturing to Park and Plaza, she said, “When I read the script, I read it as if I was one of you guys looking back on my life.

Persons: Megan Park’s “, Maisy Stella, Aubrey, Stella, Elliott, Jenna Ortega, it’s, ”, ’ ”, Maddie Ziegler, Kerrice Brooks, Percy Hynes White, Aubrey Plaza, Megan Park, Steven Ferdman, Nashville ”, “, ” Stella, who’s, Mike White’s “, they’ve Organizations: Aubrey Plaza, Sundance, NBC News, MGM Studios, Nashville, Plaza, Recreation, ” Plaza, NBC Locations: Ontario, Canada, America, York, “, Stella

Three EPA whistleblowers told ProPublica on Thursday that their complaints were the subject of the reports (which redact employee names). After endorsing Trump, Kennedy wrote in a Wall Street Journal op-ed that the U.S. could “revisit pesticide and other chemical-use standards” if Trump wins. “The EPA was sort of paralyzed under the Trump administration,” she said. It’s not yet clear what Kennedy’s role might be in a potential Trump administration, or which decisions he’d help to make as part of the transition team. Even with Kennedy’s ties to Trump, Gartner said she would expect the EPA under a second Trump administration to act similarly to the first one.

Persons: Robert F, Kennedy Jr, Donald Trump, Kennedy, Trump, ”, Maria, Sean O’Donnell, ProPublica, Remmington Belford, “, Kennedy —, Tucker Carlson, ” Karoline Leavitt, ” Kennedy, Sharon Lerner, Lerner, Michal Freedhoff, , Freedhoff, Biden, Karen McCormack, McCormack, Trump’s, —, Eve Gartner, Danielle Alvarez, It’s, Carlson, Steven Cheung, Gartner Organizations: Environmental Protection Agency, NBC News, Trump, EPA, Chemical Control, Environmental Defense Fund, EPA’s, Trump ., RFK Jr, RFK, European Union, The, of Chemical Safety, Toxic, Federal, Food and Drug Administration, National Institutes of Health, Centers for Disease Control Locations: U.S, Milwaukee, ”

☆ Trump's 10% credit card interest cap could hurt borrowers, experts say: 'Access to credit would dry up'
▼ + stars: | 2024-09-24 | by ( Annie Nova | Annie Nova Is A Reporter On The Personal Finance Team | Covering Education. Prior To Cnbc | ) www.nbcnews.com time to read: +7 min

A national interest rate cap requires CongressUnder current federal law, nationwide limits on credit card interest rates are scarce, consumer advocates say. Likewise, federal credit unions are typically restricted to an 18% interest rate on their credit cards. “A president cannot set a cap on credit card interest rates,” said Rust. A 10% interest rate cap could backfireFinancial experts on both sides of the debate expressed concerns that a 10% interest rate cap could backfire on consumers in various ways. “Otherwise, it is a game of whack-a-mole.”In 2022, credit card issuers charged $14 billion in late fees, he noted.

Persons: Donald Trump, Trump, ”, Kamala Harris, It’s, Trump’s, Ted Rossman, ” Rossman, Karoline Leavitt, ” Harris hasn’t, Biden, Adam Rust, Rust, “, ” Rust, Lauren Saunders, Nicholas Anthony, they’re, ” Anthony, Rossman, Saunders, “ Banks Organizations: Social Security, Republican, Democratic, Federal, Bankrate, CNBC, Consumer Financial, Consumer Federation of America, Bank Act, Consumer Financial Protection Bureau, Consumer Financial Protection, National Consumer Law, Cato Institute’s Center, Monetary, Bureau, U.S . Chamber of Commerce Locations: New York, South Dakota, Delaware, Utah, U.S, Bankrate

LOS ANGELES — When Simone Biles won her first world championship in 2013, her agent at the time asked her a seminal question: What did she hope to accomplish in the sport of gymnastics? Olympic gold medals may have come up, but one of the wish list items Biles remembers most fondly was a long-held desire to have her own tour across the U.S.Like many of her goals, it has come to fruition in spectacular fashion. In the decade since she first pondered her aspirations in the sport, Biles has won 11 Olympic medals and 30 world championship medals, making her the most decorated gymnast in history. After her tour de force showing at the Paris Olympics this summer, she is making the rounds to 30 American cities to connect and celebrate with the fans who cheered her to greatness from home. It’s called the Gold Over America Tour, which can be abbreviated, appropriately, as “GOAT.”“It’s really about sharing that love and passion for the sport with the audience,” Biles said backstage before Friday’s Los Angeles show.

Persons: Simone Biles, Biles, It’s, “, ” Biles, we’ve, Jordan Chiles, Jade Carey Organizations: Paris, America, NBA’s Lakers, Laker Girls, Paris Games, men’s Locations: Los Angeles

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