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☆ Dell attempts to sell cybersecurity firm SecureWorks again, sources tell Reuters
▼ + stars: | 2024-08-29 | by ( ) www.cnbc.com time to read: +2 min

Personal computer maker Dell Technologies is again exploring a possible sale of SecureWorks , after unsuccessful earlier attempts to find a buyer for the U.S. cybersecurity firm, according to people familiar with the matter. Dell, which has shed many non-core assets in recent years, owns 79.2% of SecureWorks by holding all of the company's class B shares, according to recent filings. Dell explored a sale of SecureWorks in 2019, part of an effort to trim Dell's debt pile, Reuters reported at the time. Dell acquired SecureWorks for $612 million in 2011, before listing its shares through an initial public offering in New York in 2016. The company's shares have risen by about 46% so far this year, outperforming an 18% rise in the S&P 500 index.

Persons: Michael Dell, Morgan Stanley, Piper Sandler, Dell, outperforming Organizations: Dell Technologies, U.S, Dell, SecureWorks, Reuters Locations: , Texas, SecureWorks, Atlanta , Georgia, cyberattacks, New York

☆ NFL Quarterback Tiers 2024: Only 2 join Mahomes in Tier 1; Rodgers, Herbert drop out
▼ + stars: | 2024-08-26 | by ( Mike Sando | ) www.nytimes.com time to read: +54 min

QB Tiers rangesTier Tier 1 Tier 2 Tier 3 Tier 4 Movement Moved down Moved up New to Tiers Not in '23 Tiers Same tier Expand all Collapse all Loading Try changing or resetting your filters to see more. Photo: Ryan Kang / Getty Images Tiers over time Annual votes by tier Tier 1 Same tier 2 Joe Burrow Bengals Cincinnati 2024 Tier Voting Avg. Photo: Kathryn Riiley / Getty Images Tiers over time Annual votes by tier Tier 3 Same tier 18 Deshaun Watson Browns Cleveland 2024 Tier Voting Avg. Photo: Cooper Neill / Getty Images Tiers over time Annual votes by tier Tier 3 Same tier T20 Geno Smith Seahawks Seattle 2024 Tier Voting Avg. Photo: Chris Unger / Zuffa LLC / Getty Images Tiers over time Annual votes by tier Tier 4 Same tier T26 Anthony Richardson Colts Indianapolis 2024 Tier Voting Avg.

Persons: Patrick Mahomes, Lamar Jackson, Jordan Love, San Francisco 49ers ’ Brock Purdy, Houston Texans ’ C.J, Stroud, Mahomes, —, Toney, “, Tom Brady, ”, He’s, Brady, Ryan Kang, Joe Burrow, Burrow, Kirk Cousins, he’s, Cooper Neill, Josh Allen, Allen, Joe, Sam Howell —, Trevor Lawrence, Kathryn Riiley, Lamar, Jackson, Todd, Monken, Patrick Smith, Matthew Stafford, Stafford, recommitment, “ He’s, Matt Stafford, Sean, Rey Del, Justin Herbert, Herbert, “ Herbert, Aaron Rodgers, Jim Harbaugh, “ Harbaugh, I’ve, Rodgers, Achilles, it’ll, Tom Brady’s, Bobby Slowik, ’, Tim Warner, Prescott, Drew Brees, Ben Roethlisberger’s, Dan Marino, Peyton Manning, “ Dak, Jared Goff, It’s, Goff, “ They’ve, they’ve, Tua Tagovailoa, “ Goff, I’m, Junfu, Shane Steichen, Tua, Kellen Moore, Jason Kelce, Brock Purdy, Purdy, Colin Kaepernick, “ Purdy, it’s, “ I’m, Kurt Warner, ” Warner, Brock, Kyle Shanahan, Shanahan, Cousins, Kirk, ” Cousins, Michael Penix Jr, Michael Penix, Kevin C, Cox, ” Love, Squeaking, Mike McDaniel, Kyle Shanahan’s, ” Purdy, Tagovailoa, “ Tua, Lawrence, ” Lawrence, Lawrence —, I’d, Perry Knotts, Kyler, Murray, ‘ Kyler Murray, ” Murray, Marvin Harrison Jr, Deshaun Watson, Watson, Ken Dorsey, ” Watson, Nick Cammett, “ Baker, Baker, Mayfield, Mike Evans, moxie, Nic Antaya, Derek Carr Saints, Carr, Jon, Gruden, “ Gruden, Derek Carr, Smith, Russell Wilson, “ Trevor Lawrence, Justin Fields, Geno Smith, Wilson, Pete Carroll, Sean Payton, Mike Tomlin, Tomlin, “ Tomlin, Payton, Russ, Let’s, Joe Sargent, Daniel Jones, Jones, “ I’ve, Drew Lock, Daniel Jones ’, Malik Nabers, DK Metcalf, Jacoby Brissett, Peter Joneleit, Justin, you’ve, Justin K, Seattle’s Smith, “ Nobody, “ Gardner Minshew, Minshew, Aidan O’Connell, Chris Unger, Anthony Richardson, Richardson, marveled, Cam Newton, ’ ”, “ Shane Steichen, “ Richardson, Shane, Todd Rosenberg, ” Levis, “ I’ll, Carson Wentz, Mac Jones, Frank Reich, Dave Canales, Bryce Young, David Jensen, Sam Darnold, Darnold, J.J, McCarthy, Kevin, I’ll, ” Darnold, Stephen Maturen, Brissett, Kevin Stefanski, “ Jacoby, Alex Van Pelt, Drake Maye, Jaiden, David DeChant, Marc Mazzoni, Dan Goldfarb, John Bradford, Skye Gould, Ray Orr, Amy Cavenaile Organizations: NFL, Baltimore Ravens, Green Bay Packers, San Francisco 49ers, Houston Texans ’, Patrick Mahomes Chiefs Kansas, 0pts, Voters, Philly, Super, Chiefs, EPA, Joe Burrow Bengals, Burrow, ”, Josh Allen Bills Buffalo, Lamar Jackson Ravens, Ravens, Kansas City, Matthew Stafford Rams, Stafford, Rams, Rey Del Rio, Justin Herbert Chargers, Chargers, Aaron Rodgers Jets, Rodgers, Jets, . Stroud Texans, Stroud, Baltimore, Texans, Dak Prescott Cowboys, Niners, Packers, Cowboys ’, Prescott, “, Jared Goff Lions, Eagles, Alabama, College Football, Brock, Brock Purdy 49ers San Francisco, 1.2pts, 49ers, Detroit, Purdy, Kirk Cousins Falcons, Falcons, Atlanta, Jordan Love Packers, Dallas, Green Bay, Cowboys, Tua Tagovailoa Dolphins, Miami, AFC East, Trevor Lawrence Jaguars Jacksonville, Jaguars, Kyler Murray Cardinals, Cardinals, Murray, Deshaun Watson Browns, Browns, Cleveland, Baker Mayfield Buccaneers Tampa, ” Voters, Derek Carr Saints New, Mayfield, NFC, Saints, Buccaneers, Geno Smith Seahawks Seattle, Seattle, Russell Wilson Steelers Pittsburgh, of Fame, Steelers, Daniel Jones Giants New, Giants, Justin Fields Steelers, Bears, Gardner Minshew Raiders, Indy, Colts, Minshew, Raiders, Anthony Richardson Colts, Health, Levis Titans, Titans, Levis, Bryce Young Panthers Carolina, Panthers, Jacoby Brissett Patriots, Patriots, Getty Images, USA Locations: San Francisco, Baltimore, Mahomes, Burrow, Matthew Stafford Rams Los, Tier, Justin Herbert Chargers Los, Green Bay, Stroud, “, what’s, USA, Oklahoma, Cleveland, Atlanta, Jackson, Lawrence, Kyler Murray Cardinals Arizona, Arizona, Houston, Derek Carr Saints New Orleans, Seattle, Pittsburgh, Wilson, Denver, Cam, Levis, Carolina, Sam Darnold Vikings, New York, Minnesota, New England

Following the tour, Harris will headline a solo rally in Savannah, Georgia. The southern Georgia bus tour is expected to echo the campaign’s bus tour of western Pennsylvania earlier this month, which included stops at a local campaign field office, firehouse and high school football practice. We have hosted more than 500 events in the region since May 31,” Harris-Walz Georgia campaign spokesperson Adelaide Bullock said. “Black voters are the key to winning Georgia. “The Vice President’s advantages with young voters, Black voters, and Latino voters will be important to our multiple pathways to 270 electoral votes,” Dillon wrote in a recent memo.

Persons: Kamala Harris, Tim Walz, Harris, Walz, Walz’s, Sen, JD Vance, Donald Trump, Debbie, ” Harris, Adelaide Bullock, Ranada Robinson, “, ”, Megan Thee, Jen O ’ Malley Dillon, ” Dillon, Trump Organizations: Minnesota Gov, Democratic, Republican, Republicans, Savannah, New, New Georgia Project, Georgia, Black, Labor, Trump Locations: Georgia, Chicago, New York , California, Florida, Savannah , Georgia, Peach, Black, Ohio, Valdosta, Atlanta, Pennsylvania, Southern Georgia, Dougherty, Albany, “, South Georgia, Walz Georgia, New Georgia, sprawled

☆ A stretch of Florida beaches has soared from a lesser-known gem to 'the Hamptons of the South'
▼ + stars: | 2024-08-24 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

This story is available exclusively to Business Insider subscribers. A decade ago, those visitors were mostly from Southern cities within driving distance, like Atlanta and Nashville, local real-estate agent Beau Blankenship told Business Insider. Sunset over Rosemary Beach, Florida, in 30A. The boom, Stewart told Business Insider, had two inflection points. Advertisement"There'd be a few vacant lots, and then a house surrounded by trees and brush," he told Business Insider.

Persons: —, Mexico —, Beau Blankenship, It's, Rosemary, Barry Winiker, Blankenship, Alys, Christian Blouin, Kemp Stewart, Rosemary Beach, Stewart, Truman, Kemp, hasn't Organizations: Service, Panama City Beach, Business, Hamptons, Street, The New York Times, Management, BI Locations: Florida, Rosemary, Seaside, Santa Rosa, Mexico, Destin, Panama, Southern, Atlanta, Nashville, Salt Lake City , Utah , Colorado, Walton County, Rosemary Beach , Florida, Inlet Beach, Chicago, Montana, Santa Rosa Beach, Oklahoma, Alys

☆ Instead of spending money on camp or day care, I kept my daughter home this summer. We got more quality time, but it was harder to work.
▼ + stars: | 2024-08-24 | by ( Evan Porter | ) www.businessinsider.com time to read: +6 min

We'd been too overwhelmed to track down summer camps and get on registration wait lists, and spots were starting to fill up. AdvertisementNo summer camp, no formal childcare at all. Most day camps in our area run at least $200 for a week (and that's being conservative). AdvertisementTo make matters worse, our daughter just didn't seem overly thrilled about most of the camp options out there. The author kept his daughter home from summer camp or day care this summer.

Persons: Evan Porter Organizations: Service, Business Locations: Atlanta

Unless you’re directly touching them, you’re not going to get infected.”How does mpox spread? Mpox, previously called monkeypox, is a virus that causes fevers, headaches, muscle aches and painful, open wounds on the skin. While Covid is a respiratory virus that spreads through the air, mpox is spread from person to person through close, skin-to-skin contact with those lesions. Clade I accounts for the latest mpox strain that’s driving the outbreak in parts of Africa. “It’s not airborne,” Taylor said, adding that there is no evidence that the mpox virus is mutating or spreading in a way that would prompt school closures.

Persons: “ I’M, Young ”, ‘, ’ ”, “, ”, Michelle Taylor, Christina Hutson, you’re, Paul Offit, “ That’s, ” Hutson, Carlos del Rio, Del, mpox, ” Taylor Organizations: World Health Organization, Health Department, Centers for Disease Control, Children’s Hospital of Philadelphia, Democratic, CDC, Emory University Locations: Shelby, Memphis , Tennessee, Africa, United States, Democratic Republic of Congo, DRC, Sweden, U.S, Atlanta, Del Rio

The since-fired Florida sheriff’s deputy who fatally shot an Air Force senior airman in his home in May has been charged with manslaughter, authorities said Friday. Eddie Duran, formerly of the Okaloosa County Sheriff’s Office, shot Air Force Senior Airman Roger Fortson multiple times May 3 after Fortson opened the door of his Fort Walton Beach apartment. At a news conference last week, Roger Fortson’s parents called on State Attorney Ginger Bowden to charge Duran. It still hurts.”Duran joined the sheriff’s office in 2019 and resigned in November 2021. Days after the firing was announced, they implored authorities to act swiftly and charge Duran.

Persons: Florida, Gregory Anchors, Eddie Duran, Roger Fortson, Fortson, Duran, Roger Fortson’s, Attorney Ginger Bowden, “, Chantemekki Fortson, ” Duran, Sheriff Eric Aden, ” Aden, Fortson’s, Andre, Andre Fortson Organizations: Air Force, Sheriff’s, Fort, Attorney, Florida Panhandle Locations: Okaloosa County, Okaloosa, Fort Walton Beach, Aden, Atlanta, DeKalb County, Florida

☆ Markets are now wondering whether the Fed might cut by half a point in September
▼ + stars: | 2024-08-23 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Traders continued to price in a greater likelihood that the Fed will kick off what is expected to be a protracted easing campaign in September with a quarter percentage point, or 25 basis point, reduction. "My base-case scenario is that we are on a journey of 25 basis point cuts, probably for the next eight meetings, a couple hundred basis points cumulative," economist Paul McCulley said on CNBC's " Squawk on the Street ." "But if we see weaker growth, and particularly weaker jobs, then I think we could have a bit of front-loading and start the process with 50 basis point cuts." That, among other vows to support the economy now that inflation has waned, provided some indication that a 50 basis point move is at least on the table. Markets expect the central bank to knock off a full percentage point this year and at least that much in 2025.

Persons: Jerome Powell, Paul McCulley, Powell, Joseph LaVorgna, you've, Raphael Bostic, Bostic, Rick Rieder, Goolsbee Organizations: Federal, Traders, CME, Cornell, Georgetown, Fed, Nikko Securities, CNBC, Federal Reserve Bank of Chicago Locations: Powell's, Jackson Hole , Wyoming, Atlanta, Chicago

☆ A $2.30-a-day basic income trial is trying to save the Amazon rainforest
▼ + stars: | 2024-08-23 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Read previewGroups backing a universal basic income trial in Peru are hoping that unconditional payments to Indigenous communities will help preserve the Amazon rainforest. Universal basic income — for the rainforestAn aerial view of Asháninka territory in the Peruvian Amazon Cool Earth$2.30 a day wouldn't go far in the US or Europe. AdvertisementNumerous universal basic income trials have proliferated worldwide, but most are focused on social and economic outcomes. Cool Earth hopes that the basic income will remove incentives to be involved in deforestation. Communities that participated in Cool Earth's prior cash transfer projects saw up to 46% less deforestation compared to similar neighboring communities, Felandro added.

Persons: —, Isabel Felandro, Felandro, Johan Oldekop, Oldekop, Cool Organizations: Service, Business, Atlanta, Manchester University, Guardian Locations: Peru, Peruvian, Europe, Los Angeles, Chicago, Denver, New Guinea, Congo

☆ BMW Championship: Scottie Scheffler plays down ‘sore’ back after injury concerns
▼ + stars: | 2024-08-23 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

1 Scottie Scheffler appeared to struggle with tightness in his lower back after shooting 1-under during the first round of this week’s BMW Championship on Thursday, but played down concerns it might threaten his participation in the event. “I woke up just a little sore this morning,” he said. But the American played down injury concerns, saying he would be fit enough to compete as usual for the rest of the BMW Championship. It was just a little sore. The opening round of the BMW Championship in Castle Pines Golf Club, Colorado, was delayed by three hours and 10 minutes after a storm hit the area.

Persons: Scottie Scheffler, ”, I’ve, Scheffler, Hideki Matsuyama, Matt York, Keegan Bradley, Bradley Organizations: CNN, BMW, FedEx St, Jude, Club Locations: Atlanta, Pines, Colorado

☆ How investors can prepare for lower interest rates: It's 'like getting a haircut,' advisor says
▼ + stars: | 2024-08-23 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Lower interest rates are "generally positive for stocks," said Marguerita Cheng, a CFP and chief executive of Blue Ocean Global Wealth, based in Gaithersburg, Maryland. Considerations for cash, bonds and stocksFalling interest rates generally means investors can expect lower returns on their "safer" money, advisors said. High interest rates have meant investors enjoyed fairly lofty returns on these lower-risk holdings. Winnie Sun co-founder and managing director of Sun Group Wealth PartnersHowever, such returns are expected to fall alongside declining interest rates, advisors said. "They'll be crying in six months when interest rates are a lot lower," she said.

Persons: Jerome Powell, Andrew Harnik, Winnie Sun, Lee Baker, Powell, Stephen Brown, Marguerita Cheng, Sun, Powell didn't, Ted Jenkin, Carolyn McClanahan Organizations: Getty, Sun Group Wealth Partners, Financial Advisors, Finance, North, Capital Economics, Blue, Sun Group Wealth, Planning Partners Locations: Irvine , California, Atlanta, Jackson Hole , Wyoming, U.S, North America, Gaithersburg , Maryland, Jacksonville , Florida

☆ ‘The time has come’: The Fed just sent a crucial message about its next move
▼ + stars: | 2024-08-23 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

And so does the broader US economy: Economic growth this year has been solid and the Atlanta Fed is projecting that growth hasn’t slipped. “The labor market is cooling, but it’s not getting soft. A slowing job market is also playing a role in nudging the Fed to ease borrowing costs. Translation: The recent weakness in the job market could result in American shoppers curbing their spending more than expected. A big question mark is the future of America’s job market, which is a key driver of the US economy.

Persons: Washington CNN —, “, Jerome Powell, ”, “ Powell, Seema Shah, hasn’t, ” Tom Porcelli, it’s, Powell, cooldown, ” Powell, aren’t, they’re, —, “ There’s, Elizabeth Renter Organizations: Washington CNN, Federal, Fed, Markets, Asset Management, Atlanta Fed, Treasury, CNN, Walmart, America’s Locations: Jackson Hole , Wyoming, nudging

☆ How much money you need to be financially comfortable in 12 major U.S. cities
▼ + stars: | 2024-08-23 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

The phrase "financially comfortable" doesn't have a strict definition. In San Francisco, the net worth you'd need to feel "comfortable" is $1.5 million, according to a survey sample of 750 residents in that city — the highest amount cited among 12 major U.S. cities surveyed. Much of the difference in net worth thresholds between cities is due to shelter costs, especially in cities with severe housing shortages, like San Francisco, Los Angeles and New York City. While feeling "financially comfortable" is a subjective term, the survey makes a distinction between that and feeling "wealthy." For cities, it ranges from $4.4 million in San Francisco to $2.2 million in Dallas.

Persons: Charles Schwab's, that's Organizations: Wealth Survey, Boston, Denver, Seattle, Atlanta, Dallas, Houston, Phoenix, CNBC Locations: San Francisco, U.S, Franciscans, Francisco, California, Los Angeles, San Diego, York City, Washington, Chicago, San Francisco , Los Angeles and New York City, Dallas

☆ The one question on everyone’s mind about interest rates
▼ + stars: | 2024-08-23 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

That’s precisely why the Fed is poised to cut interest rates in September for the first time since 2020. Therein lies the one question on everyone’s mind: How aggressively will the Fed ultimately cut rates? A high threshold for jumbo rate cutsThe Fed makes its decisions on interest rates consistent with what’s happening in the economy. Fed officials have mostly signaled that they’re finally ready to cut rates, but some have still expressed some hesitance. But, for now, there’s no emergency demanding the Fed cut rates aggressively next month, or any time later in the year.

Persons: Jerome Powell, pare, Price, Powell, “ They’re, ” Tani Fukui, they’re, Raphael Bostic, ” Powell, Ryan Sweet, Sweet, That’s Organizations: Washington CNN, Labor Department, Kansas City Fed, Fed, Traders, MetLife Investment Management, CNN, Atlanta Fed, Citi, Oxford Economics Locations: Unemployment, Jackson Hole , Wyoming

☆ Atlanta Fed President Raphael Bostic: Can't wait until inflation is at 2% to start moving
▼ + stars: | 2024-08-23 | 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 EmailAtlanta Fed President Raphael Bostic: Can't wait until inflation is at 2% to start movingCNBC’s Steve Liesman and Atlanta Fed President Raphael Bostic join 'Squawk Box' to discuss the Fed's inflation fight, state of the economy, rate path outlook, and more.

Persons: Raphael Bostic, Steve Liesman Organizations: Atlanta, Atlanta Fed

☆ Taylor Swift can absolutely sue Trump over the fake endorsement images he reposted. Winning a lawsuit might be harder.
▼ + stars: | 2024-08-19 | by ( Laura Italiano | Natalie Musumeci | ) www.businessinsider.com time to read: +8 min

Read previewShould Taylor Swift sue Donald Trump or just shake it off? "Swift could sue Trump and those who misappropriated her likeness by creating AI-generated images," Neama Rahmani, the president and a cofounder of West Coast Trial Lawyers, said. "So I wouldn't be surprised if they send the Trump campaign a cease-and-desist letter at a minimum," Rahmani said. Firmly in the "sue Trump" camp is James Walker Jr., a veteran entertainment attorney from Atlanta who reps the estate of Isaac Hayes. Swift would need to prove that the Trump campaign sent these images out with intent to deceive voters."

Persons: —, Taylor Swift, Donald Trump, Trump, Swift, Taylor, deepfakes, Scarlett Johansson, lawyered, Rahmani, Harry Surden, Surden, Harris, James Walker Jr, Isaac Hayes, Walker, Aretha Franklin, I've, Paul Michael Wilson, Wilson, Jessica Litman, Litman, Mark Bartholomew, Bartholomew, Juan Perla, Curtis, Mallet, Prevost, Perla, Celine Dion, Vance, Johansson Organizations: Service, Business, Trump, West, Trial, University of Colorado, Biden, Walker & Associates, University of Michigan, University at Buffalo, ELVIS, Colt Locations: University of Colorado Boulder, Atlanta, Hayes, Tennessee, York

☆ The 'soft landing' hypothesis is alive and well: What retail sales and Walmart earnings tell us
▼ + stars: | 2024-08-15 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Inflation relief was palpable this week, with both the producer price index and consumer price index reinforcing that inflation is trending down. .SPX 1M mountain S & P 500 Index over the past month. S & P 500 earnings growth of 10% is expected in 2024, and 15% growth is seen for 2025. True, revenue growth hasn't been as strong, and much of the reason earnings are holding up is cost cutting. Growth is slowing, but no recession is apparent Interest rate cuts coming and earnings are still holding up.

Persons: It's, John David Rainey Organizations: Walmart, American Association of, Bulls, Atlanta Fed, CNBC

FOREST PARK, Ga. — Celery was used to conceal more than 2,300 pounds of methamphetamines that federal agents discovered in a truck at a farmers market outside Atlanta, the U.S. Drug Enforcement Administration said. In what the DEA called one of the largest seizures of its kind, agents confiscated the drugs being delivered to the Atlanta State Farmers Market in Forest Park, authorities said at a Monday news conference, WAGA-TV reported. The agency had learned about a semitrailer coming across the Mexican border, and agents tracked the drugs to the farmers market, said DEA Special Agent in Charge Robert Murphy. “This was contained in a cover load of celery,” Murphy said. That didn’t make it to the store.”A Mexican citizen was arrested, the Atlanta TV station reported.

Persons: Robert Murphy, ” Murphy Organizations: U.S . Drug, Administration, Atlanta State Farmers, Atlanta TV Locations: Atlanta, U.S, Forest Park

☆ Gold prices inch lower as U.S. inflation data looms
▼ + stars: | 2024-08-14 | by ( ) www.cnbc.com time to read: +2 min

Gold prices edged lower on Wednesday as investors remained on the sidelines ahead of a key U.S. inflation print later in the day that could set the tone for the Federal Reserve's September policy meeting. Gold prices edged lower on Wednesday as investors remained on the sidelines ahead of a key U.S. inflation print later in the day that could set the tone for the Federal Reserve's September policy meeting. Data on Tuesday showed that U.S. producer prices increased less than expected in July, reinforcing market view that cooling inflation will allow the Federal Reserve to cut interest rates soon. Atlanta Fed President Raphael Bostic said he wants to see "a little more data" before he's ready to support lowering interest rates. Gold, often used as a hedge against geopolitical risks, thrives when interest rates are low.

Persons: Kyle Rodda, Raphael Bostic, Ismail Haniyeh Organizations: Federal, Fed, Federal Reserve, Traders, Atlanta Fed, Investors Locations: U.S, Iran, Gaza, Israel

☆ Dip buyers vindicated as CPI report revives economic 'soft landing' scenario
▼ + stars: | 2024-08-14 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

This is the second day in a row that stocks have reacted with relief to an inflation report. The S & P 500 is now back to where it was just before the disappointing jobs report on Aug. 2. The S & P technology sector ETF (XLK) is also back to levels before the jobs report. The Cboe Volatility Index (VIX) has collapsed to 17 — also where it was just before the jobs report. Despite the growth scare that followed the jobs report, there are no signs of an imminent recession.

Persons: — Organizations: Federal, Treasury, Bloomberg News, Tech, Nvidia, Atlanta Fed Locations: Treasurys

☆ Older Americans prepare themselves for a world altered by artificial intelligence
▼ + stars: | 2024-08-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +6 min

Artificial intelligence offers significant benefits for seniors, from the ability to curb loneliness to making it easier for them to get to medical appointments. I’m too old to worry about that.”Classes like these aim to familiarize aging early adopters with the myriad ways the technology could better their lives but also encourage skepticism about how artificial intelligence can distort the truth. What are the geopolitical implications of artificial intelligence? Seniors who have taken such AI classes said they came away with a clear understanding of AI’s benefits and pitfalls. You really have to question it,” said Linda Chipko, a 70-year-old who attended an AI class in June in suburban Atlanta.

Persons: ”, “, Barbara Winston, Winston, “ I’m, Michael Gershbein, Gershbein, Dianne Stone, Siwei Lyu, Lyu, Linda Chipko, Chipko, “ It’s, Ruth Schneiderman, ” Schneiderman Organizations: North Shore Senior Center, AARP, AI, National Council, Aging, University, Buffalo, Seniors Locations: NORTHFIELD, Ill, Chicago, Northfield, “, Charleston , South Carolina, Connecticut, Atlanta

☆ Fed's Bostic: If economy evolves as I expect, should be rate cuts by year-end
▼ + stars: | 2024-08-13 | 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 EmailFed's Bostic: If economy evolves as I expect, should be rate cuts by year-endCNBC's Steve Liesman joins 'The Exchange' to discuss the latest news on the Fed, as Atlanta Fed President Raphael Bostic speaks on the economy.

Persons: Steve Liesman, Raphael Bostic Organizations: Atlanta Fed

☆ Paris Olympics ratings soar 82% over Tokyo Games, delivering big boost to NBC’s Peacock streamer
▼ + stars: | 2024-08-13 | by ( Liam Reilly | ) edition.cnn.com time to read: +5 min

The 2024 Summer Olympics in Paris drew a combined average of 30.6 million viewers across NBCU’s constellation of platforms, marking an 82% jump in viewership compared to the Tokyo Games and making the Games the most-streamed Olympics of all time. The network’s Spanish-language broadcast on Telemundo also saw a 26% jump over the same period during the Tokyo Games three years ago. “The Olympics reestablished its unique power to reassemble the American media audience,” said Gary Zenkel, the NBC Olympics president. “NBC Nightly News” anchored by Lester Holt averaged 7.6 million viewers during the two-week period, and the “Today” show averaged 3.1 million viewers, the network said. Last month, Comcast reported the streamer had lost 500,000 subscribers in the second quarter, falling to 33 million total, well below Netflix’s 277 million subscribers and Disney’s 153.6 million.

Persons: ”, Peacock, Gary Zenkel, “, NBCU, Al Michael’s, NBCUniversal, Mark Lazarus, Lester Holt Organizations: New, New York CNN, Comcast, Tokyo Games, Telemundo, Olympics, NBC, America, USA, US, France, Netflix, Amazon Prime, Paris Games, Tokyo, Games, Warner Bros, NBA, Paris Olympics, NBCUniversal Media, “ Parks, Studios Locations: New York, Paris, “ Paris

☆ Most apartment owners in 6 big US cities are offering deals to renters — but don't expect a break in NYC or Miami
▼ + stars: | 2024-08-13 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +1 min

More landlords across the US are offering rental perks to attract renters, according to Zillow. Cities including New York and Miami saw fewer rental concessions than average, due to tighter rental markets. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementApartment landlords are offering massive concessions to draw renters across the US, but not all cities are trying equally hard to drum up new tenants.

Persons: —, Austin — Organizations: Service, Business Locations: New York, Miami, — Raleigh, Charlotte, Atlanta, Salt Lake City, Nashville

☆ Dollar tenses for data verdict on rate cut risks
▼ + stars: | 2024-08-13 | by ( ) www.cnbc.com time to read: +2 min

The greenback was idling at 147.17 yen , having briefly touched a one-week high of 148.23 overnight before profit-taking emerged. More important will be the consumer price report and retail sales for July which could have a material impact on whether the Fed eases by 25 basis points or 50 basis points in September. The former outcome would likely lift Treasury yields and support the dollar, while the latter would have the opposite effect. The futures market clearly still sees recession as a risk with 101 basis points of Fed easing priced in by Christmas, and more than 120 basis points for next year. "Although the trend is moderating, inflation is too high for the Fed to justify the market pricing 100bp of rate cuts between September and year-end."

Organizations: Federal Reserve, JPMorgan, Swiss, Atlanta Fed, ANZ

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