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☆ Nearly half of U.S. homebuyers use this strategy to lower their monthly mortgage payments
▼ + stars: | 2024-10-04 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

With homes becoming increasingly unaffordable, more buyers are using an increasingly popular strategy to lower their mortgage rate. Buying points — also referred to as "discount points" or "buying down the rate" — involves paying extra to your lender at closing to reduce the interest rate on a mortgage. That reduced rate results in smaller monthly payments and long-term interest savings over the life of the loan. A larger down payment reduces the total loan amount, which also has the effect of lowering monthly payments. Ultimately, whether a larger down payment or buying points will actually lower your monthly payments depends on your specific loan terms.

Persons: That's, Aaron Gordon Organizations: Guild Mortgage

☆ Travelers say these are the 10 best large airports in North America for on-time flights, restaurants, cleanliness and more
▼ + stars: | 2024-10-04 | by ( Celia Fernandez | ) www.cnbc.com time to read: +4 min

Power released its annual North American Airport Satisfaction Study, ranking the large airports across North America. The best large airport: John Wayne Airport, Orange CountyThe John Wayne Airport in Orange County, California, is the best large airport this year after coming in the No. The John Wayne Airport, Orange County, currently serves about 11.7 million annual passengers, according to its website. 10 best large airports in North America for 2024John Wayne Airport, Orange County Tampa International Airport Kansas City International Airport Dallas Love Field Nashville International Airport William P. Hobby Airport Sacramento International Airport Portland International Airport Salt Lake City International Airport San Jose International Airport After taking the No. Taylor says the Tampa International Airport has ranked highly over the years because of its great design, signage, and sense of identity.

Persons: John Wayne, Michael Taylor, Sr, Taylor, William Organizations: North, John, John Wayne Airport, CNBC, LAX, Orange County Medianews, Getty, Orange County Tampa International Airport Kansas, International Airport Dallas Love Field, International, William P, Hobby Airport, International Airport Portland International, Salt Lake, International Airport San Jose International, Tampa International, Tampa International Airport Bloomberg, Bloomberg Locations: North America, Orange County, Orange County , California, ., Southern California, California, Newport Beach, Los Angeles, Orange, Salt, Tampa, Tampa Bay

In this article AF-FRUALAIR-NZ Follow your favorite stocks CREATE FREE ACCOUNTThe days of spotty — or worse, no — Wi-Fi on airplanes are numbered, said Air New Zealand CEO Greg Foran. Reliable and fast Wi-Fi will become "ubiquitous" on full-service carriers, he told "Squawk Box Asia" Friday. Air New Zealand announced in December 2023 that Starlink services would be installed on two domestic aircraft in late 2024. watch nowHowever, passengers will have to wait a bit longer for those services to launch at Air New Zealand. Starlink at scaleOn Sept. 13, United Airlines said it had signed the industry's largest agreement for Starlink services to date.

Persons: Greg Foran, Foran Organizations: Air New Zealand, CNBC, United Airlines

☆ These dividend stocks have a track record of solid fourth-quarter performance, Bespoke says
▼ + stars: | 2024-10-04 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

October is off to a rocky start, but a strong period of seasonality is only just beginning – particularly for select dividend-paying stocks, Bespoke Investment Group found. Dividend-paying stocks have been especially strong when it comes to fourth-quarter returns over the past 10 years, Bespoke found. In addition to having seasonality in their favor, dividend stocks are also expected to benefit from the Federal Reserve's interest rate cutting cycle. Tapestry also has a dividend yield of 3%. The stock has a total return of more than 21% in 2024, as well as a dividend yield of nearly 5%.

Persons: Matthew Boss, Tabby, Boss, Coach's, it's, Piper Sandler, Scott Siefers, Siefers, Wells, Michael Brown, Brown, Lamb Weston Organizations: Investment, New, JPMorgan, BlackRock, JPMorgan Chase, Bank of America Locations: Brooklyn, BlackRock, Wells Fargo

☆ I dined at a James Beard-nominated restaurant for the first time. Here are 10 things that surprised me.
▼ + stars: | 2024-10-04 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +2 min

I recently dined at Fore Street, one of the most awarded restaurants in Portland, Maine. The restaurant has been nominated for many James Beard awards, including "Outstanding Restaurant." Despite being a food reporter for over five years, I've never dined at a restaurant that has been recognized by the James Beard Awards, one of the most prestigious accolades a restaurant or chef can receive. So, before visiting Portland for the first time, I decided to make a reservation at Fore Street to judge the experience, atmosphere, and, most importantly, the food. Here are 10 things that surprised me about dining at Fore Street, and whether it's worth trying to score a coveted reservation.

Persons: James Beard, —, Sam Hayward, I've Organizations: Service, Northeastern, James Locations: Portland , Maine, Old Port neighborhood, Portland, Maine, Northeastern United States, United States

☆ Here are the pros and cons of renting versus owning a home in those retirement years
▼ + stars: | 2024-10-04 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

However, many are renting in their retirement years. Most older adults, those at least 65 years old, own their homes, according to the Joint Center for Housing Studies at Harvard University. Renting in retirement years can be a positive because older people can avoid costly maintenance associated with the upkeep of a home. "Renting often offers more amenities, less maintenance, more accessibility," said Jennifer Molinsky, director of the housing an aging society program at the Joint Center for Housing Studies. And unlike younger renters, adult renters in retirement years could be especially vulnerable to rent hikes because they are on fixed income, experts say.

Persons: Jennifer Molinsky, Roth, Lazetta Rainey Braxton, Braxton Organizations: Joint Center for Housing Studies, Harvard University, Finance, CNBC Locations: U.S

☆ Haiti gang attack kills 70 people including infants
▼ + stars: | 2024-10-04 | by ( Mitchell Mccluskey | ) edition.cnn.com time to read: +2 min

CNN —At least 70 people, including three infants, were killed in a gang attack in the central Haiti town of Pont Sondé, the United Nations Human Rights Office said in a statement on Friday. Members of the “Gran Grif” gang used automatic rifles to kill at least 70 people on Thursday, including 10 women and three infants, according to the UN. The attack occurred in Haiti’s Artibonite department, a crucial agricultural center about 50 miles north of Port-au-Prince, where gang violence has continued to spread, according to the UN. At least 16 people were seriously injured in the attack, including two gang members hit during an exchange of fire with Haitian police, the UN said. “Despite an extremely difficult security context, the victims of this attack are being cared for by local institutions,” the ministry said.

Persons: Pont Sondé, Garry Conille, Grif, Luckson Elan, “, ”, Conille Organizations: CNN, United Nations Human Rights, UN, Haitian, Haitian Ministry of Health, Multinational Security, Haitian National Police Locations: Haiti, Pont, Haiti’s Artibonite, Port, Haitian, Artibonite, United States, Caribbean

☆ Harris' Uber executive brother-in-law says he won't join her cabinet. Other business leaders still have a shot.
▼ + stars: | 2024-10-04 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +3 min

Tony West, Harris' brother-in-law and an Uber executive, doesn't plan on serving in her cabinet. Other private sector stars are in the running for key positions like Treasury secretary. Tony West, Harris' brother-in-law and a top executive at Uber, has been instrumental in cementing the vice president's relationship with corporate America. Sources told Semafor he's a leading candidate for Treasury secretary, among other positions. Related storiesBut Chenault isn't a shoo-in — leaders on and off Wall Street are also jockeying for the coveted position.

Persons: Tony West, Harris, —, Kamala Harris, Uber, Ken Chenault, Chenault, Semafor he's, Berkshire Hathaway, Wally Adeyemo, Gina Raimondo, Jamie Dimon, JPMorgan Chase, Blair Effron, Charles Phillips, Brad Smith, Lina Khan, Gary Gensler, Mark Cuban Organizations: Service, White, Uber, America, Wall Street Journal, Former American Express, Democratic, Democratic National Convention, American Express, Facebook, IBM, Procter, Gamble, Treasury, Commerce, JPMorgan, CNBC, Microsoft, Federal Trade Commission, Securities, Exchange Commission, SEC Locations: Airbnb, Berkshire

☆ Russia is facing a 'time bomb' at the heart of its economy, economist says
▼ + stars: | 2024-10-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Russia is breaking down institutions and "borrowing from the future," Konstantin Sonin says. The economist notes Russia is taking measures to exert more control over its economy. But those actions are hurting Moscow's economic future, Sonin said. Konstantin Sonin, a professor at the University of Chicago Harris School of Public Policy, said he foresaw a dark economic future ahead for Russia. Putin's war not only imposes on today's Russians a worse life than they otherwise would have had.

Persons: Konstantin Sonin, Sonin, — Organizations: Service, University of Chicago Harris School of Public, Syndicate, Heineken, International Monetary Fund Locations: Russia, Ukraine, Moscow

☆ Anne Hathaway confirms ‘Princess Diaries 3’ on social media: ‘Miracles happen’
▼ + stars: | 2024-10-04 | by ( Dan Heching | ) edition.cnn.com time to read: +2 min

CNN —You might be thinking, “Shut up!” but it’s officially true: the “Princess Diaries” franchise is finally growing. The video then cut to a younger Hathaway in the now classic 2001 film “The Princess Diaries,” in which she was seen uttering the iconic line, “A princess?! “Miracles happen,” Hathaway wrote in the caption, before adding “Back to Genovia” in a nod to the fictional kingdom from the film series. Anne Hathaway as Princess Mia in "Princess Diaries." Walt Disney Pictures“The Princess Diaries” tells the tale of Mia Thermopolis, played by Hathaway, an unsuspecting teen who discovers she is the heir apparent to a royal throne.

Persons: Anne Hathaway, Hathaway, Oscar, Julie Andrews, ”, “ Joyride, Adele Lim, ” Hathaway, Princess Mia, Mia Thermopolis, Andrews, Queen Clarice Renaldi, Mia’s, Meryl Streep, Emily Blunt, Stanley Tucci, Miranda Priestly, Emily Charlton, Blunt, Miranda Organizations: CNN, Disney, Walt Disney Pictures Locations: Genovia

☆ U.S. crude oil has risen nearly 9% this week as traders fear Middle East supply disruption
▼ + stars: | 2024-10-04 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Just how high prices would go depends on whether OPEC uses its spare oil capacity to plug the gap, Struyven said. Here are today's energy prices:Though oil prices have surged this week on geopolitical tensions, they have risen from a low baseline. "The risk to the oil price outlook are definitely significant," Struyven told CNBC's "Squawk Box Asia" Friday. The oil market had largely ignored the escalating war in the Middle East until Iran launched nearly 200 ballistic missiles at Israel on Tuesday. The risk premium has been modest because there haven't been sustained supply disruptions over the past two years despite high geopolitical tensions, Struyven said.

Persons: Joe Biden, Daan Struyven, Goldman Sachs, Struyven, CNBC's, Brent, haven't Organizations: OPEC Locations: Israel, Israeli, China, East, Iran

☆ 46-year-old turned 400 of his employees into millionaires by selling his startup for $3.7B: ‘These are life-changing outcomes’
▼ + stars: | 2024-10-04 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

When Jyoti Bansal made "the hardest decision" of his career — selling his software startup AppDynamics for billions — he did it with his employees in mind. As the startup's founder and chairman, Bansal would've become wealthy either way — but only one of his two options guaranteed the same for many of his staffers, he says. Upon Bansal's acceptance of the offer, roughly 400 AppDynamics employees saw their shares of the company rise in value to at least $1 million, a spokesperson for Bansal says. Today, he's the CEO and co-founder of two other software startups, Traceable and Harness, the latter of which was most recently valued at $3.7 billion in 2022. At least 70 of the company's 80 employees became millionaires on paper when VeriSign's stock soared two years later, Chaudhry said.

Persons: Jyoti Bansal, AppDynamics, Bansal would've, Bansal, could've, Zscaler, Jay Chaudhry didn't, Chaudhry, Get Organizations: Cisco, CNBC, SEC, VeriSign

☆ Paul Simon is ‘optimistic’ about returning to live performance after partially losing hearing
▼ + stars: | 2024-10-04 | by ( Catherine Nicholls | ) edition.cnn.com time to read: +2 min

CNN —Legendary singer Paul Simon has said he is “optimistic” about being able to return to performing live after losing most of his hearing in his left ear. So everything became more difficult.”Even before he announced the loss of his hearing, Simon toured for the last time in 2018, after which he said he was ending his touring career. “I never said I was going to retire,” Simon said in his latest interview. It was very interesting and really quite pleasurable for a long time – until my hearing loss threw me off.”Simon recently played alongside two guitarists at a fundraiser for the Stanford Initiative to Cure Hearing Loss, his longest performance in five years. “In Restless Dreams: The Music of Paul Simon,” which premiered in March in the United States, is set for release in UK cinemas on October 13, Simon’s 83rd birthday.

Persons: Paul Simon, ” Simon, Simon, Garfunkel, “, we’d, Alex Gibney, ”, Simon’s Organizations: CNN, Guardian, The Times, Stanford Initiative Locations: United States

☆ Jim Cramer says strong jobs report suggests no imminent recession — and that's good for stocks
▼ + stars: | 2024-10-04 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

The stronger-than-expected September jobs report is good news for Main Street and Wall Street, CNBC's Jim Cramer said Friday. That kind of backdrop should lend support to corporate earnings and by extension the stock market, he said. Indeed, all three major U.S. stock indexes traded modestly higher Friday after the jobs report. The September jobs report arrived about two weeks after the Federal Reserve began its easing cycle with a larger-than-usual half-percentage point reduction in its benchmark lending rate. "We're about to have [third-quarter] earnings," Cramer said.

Persons: CNBC's Jim Cramer, Cramer, we're Organizations: Main, Federal Reserve Locations: U.S

☆ How immigration reform will supercharge the labor market, reduce national debt by over $600 billion in the next 2 decades: Research Affiliates CIO
▼ + stars: | 2024-10-04 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Research Affiliates CIO Chris Brightman believes immigration reform is needed to boost the economy. One proposed policy is projected to energize the labor market and liquidate $0.6 trillion in debt. But to one chief investment officer, immigration policy isn't a matter of political debate — it's an economic nonnegotiable. A declining population brings with it a declining labor force. Immigration policy solutionsBrightman sees the need for more friendly immigration policies such as providing permanent residency to immigrants who graduate from US universities.

Persons: Chris Brightman, —, Brightman, they're Organizations: Research, Service, Social Security, Medicare, Immigrants, Penn Wharton Budget, Immigration Locations: Japan, Korea, Taiwan, Canada, New Zealand, Australia, outlays

☆ Venture capitalist Ben Horowitz says he plans to donate to VP Kamala Harris' campaign
▼ + stars: | 2024-10-04 | by ( Ari Levy | ) www.cnbc.com time to read: +2 min

Less than three months after announcing plans to contribute to political action committees supporting Donald Trump's presidential campaign, venture capitalist Ben Horowitz says he's donating to Vice President Kamala Harris' election bid, CNBC has confirmed. In a letter to employees of venture firm Andreessen Horowitz, the tech investor said he and his wife, Felicia, have had a longtime friendship with Harris. Horowitz wrote. Their financial support of the Trump campaign was due to what they called a better "little tech agenda." "We do not engage in political fights outside of issues directly relevant to Little Tech."

Persons: Donald Trump's, Ben Horowitz, Kamala Harris, Andreessen Horowitz, Felicia, Harris, Axios, Horowitz, " Horowitz, Harris Walz, Andreessen, haven't, Trump, Biden, he's Organizations: CNBC, Little Tech

☆ HSBC says buy this data center stock as AI drives growth
▼ + stars: | 2024-10-04 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

HSBC thinks Equinix could see strong growth ahead thanks to strong demand for artificial intelligence data centers. The company operates as a real estate investment trust (REIT) that focuses primarily on data centers. Kanumuri upgraded the data center stock to buy from hold and raised his price target to $1,000 per share from $865. "However, we see this as a value-accretive opportunity for Equinix to accelerate growth and improve revenue per data center in 2025." Of the 27 covering Equinix, 21 rate it as a buy or a strong buy.

Persons: Equinix, Phani Kanumuri, Kanumuri Organizations: HSBC, Microsoft Locations: Equinix

☆ I shop at Aldi every 2 weeks and avoid ultra-processed foods. Here are my favorite items to get for lighter, nutritious meals.
▼ + stars: | 2024-10-04 | by ( Nina Mccollum | ) www.businessinsider.com time to read: +1 min

I shop at Aldi every other week and avoid ultra-processed foods. Go to newsletter preferences Thanks for signing up! I'm in my 50s and try to avoid foods with long ingredient lists and additives I can't identify, so I don't buy ultra-processed foods like candy bars and soda. Some research even suggests that consuming ultra-processed foods can increase the risk of heart disease, obesity, and type 2 diabetes. Though it's hard to avoid ultra-processed foods completely, I do my best to buy minimally processed items.

Persons: — Organizations: Aldi, Service

☆ Reporter Asks Biden if He Would Reconsider Dropping Out of the Race
▼ + stars: | 2024-10-04 | by ( Michael D. Shear | More About Michael D. Shear | ) www.nytimes.com time to read: +1 min

And while the spotlight is trained on Vice President Kamala Harris, Mr. Biden is holding tightly to the office he still occupies for another 109 days. Mr. Biden, at almost 82 years old, has wanted to be president for most of his adult life. He ran and lost, and then ran and lost again before finally winning in 2020. “Look at the results across the board,” Mr. Biden told reporters. “Unemployment is down to 4.1 percent, and every month Vice President Harris and I have been in office, we’ve created jobs.

Persons: Kamala Harris, Mr, Biden, Harris, Biden’s, ” Mr, we’ve, ” Organizations: Mr

☆ Lebanon: Israeli bombardment the ‘most intense aerial campaign’ outside Gaza in last two decades
▼ + stars: | 2024-10-04 | by ( Kara Fox | ) edition.cnn.com time to read: +6 min

The bombardment, which Israel says is targeting Hezbollah strongholds in the country, marks the world’s “most intense aerial campaign” outside of Gaza in the last two decades, according to the conflict monitoring group Airwars. “This isn’t normal,” Tripp said of both the scale and size of Israel’s strikes on Lebanon. CNN teams in Beirut this week found that many Israeli strikes happened without prior warning. Umm Mohammed and her five-year-old son who escaped the Israeli bombardment of southern Lebanon, are now sheltering under a tarpaulin on a seaside boardwalk in Beirut. More than 100 villages in southern Lebanon have now been issued the evacuation notices, stoking fears of an expanded ground invasion.

Persons: CNN — Israel, Emily Tripp, Raqqa, Israel, ” Tripp, Hassan Nasrallah, Umm Mohammed, Jomana Karadsheh, –, Michael Adams, , stoking Organizations: CNN, ISIS, Amnesty, CNN Hezbollah, CARE International, Residents Locations: Lebanon, Israel, Gaza, United States, Afghanistan, Beirut, Jomana, Iran, Gaza –, Dahiyeh, Beirut –

☆ Zillow adds climate risk data to home listings as threats rise
▼ + stars: | 2024-10-04 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

As concerns about flooding, extreme temperatures, and wildfires grow, this tool also helps agents inform their clients in discussing climate risk, insurance, and long-term affordability." But climate risk firm First Street, which incorporates the effects of climate change into its property risk scores, shows nearly 12% of homes in the state at flood risk. Each for-sale listing on Zillow now displays First Street risk scores for flood, fire, wind, air and heat. This is especially true for the flood risk, because climate change is already intensifying the severity of rainfall, even in minor storms. More than 80% of buyers now consider climate risk when purchasing a home, according to a survey by Zillow.

Persons: Skylar Olsen, Hurricane Helene, Ed Kearns, We've, Zillow, Kearns Organizations: FEMA, Federal Emergency Management Agency, Government, First Locations: North Carolina, Carolina

☆ Maersk slumps 7% as the end of U.S. port strikes weighs on European shipping stocks
▼ + stars: | 2024-10-04 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

An aerial view of the Dundalk Marine Terminal October 03, 2024 in Baltimore, Maryland. Shares of Moller-Maersk slumped more than 8% on the Friday market open as European shipping companies fell on the conclusion of a U.S. port strike. A prolonged strike would have provided a boost for European shippers to take a larger share of global supply chain demands. Maersk shares pared losses slightly to trade down 7.05% by 9:05 a.m. London time. Thursday's deal ended a strike that had choked U.S. East Coast and Gulf Coast ports since the start of the week and threatened U.S. supply of fruits, pharmaceuticals and automobiles, among other goods.

Persons: Germany's Hapag Lloyd, Nagel Organizations: Dundalk Marine, Moller, Maersk, U.S, dockworkers, United States Maritime Alliance, International Longshoremen's Association Locations: Dundalk, Baltimore , Maryland, U.S, London, Swiss, East Coast, Gulf Coast

☆ Russia can rely on China for the yuan, but China can't rely on anyone else
▼ + stars: | 2024-10-04 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Western sanctions have forced Russia to rely on the Chinese yuan for reserves and trade. China's financial system is deeply tied to the greenback, limiting diversification options. These include the entrenched role of the greenback in the global commodities trade and much larger foreign reserves than Russia, wrote Greene, a former senior advisor at the US Treasury. However, many CIPS participants are highly connected to the dollar financial system and potentially subject to the reach of US sanctions. The dollar is still kingIn short, China just can't copy Russia's sanctions-proofing playbook and is likely to continue orbiting around the dollar financial system in the near-term.

Persons: —, China —, Robert Greene, Greene, China's, It's, dollarization, James Lord, Morgan Stanley's, Michael Zezas Organizations: Service, Carnegie Endowment Asia, US Treasury, Patomak Global Partners, Federal Reserve Bank of Boston Locations: Russia, China, Beijing, Russia's, Ukraine

☆ There's a simple reason one of Wall Street's most bullish strategists expects a 40% rise in the S&P 500 by 2030
▼ + stars: | 2024-10-04 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Ed Yardeni predicts the S&P 500 could reach 8,000 by 2030. AdvertisementThere's a simple reason one of the most bullish Wall Street strategists expects the stock market to continue rising in the years ahead: compound interest. At a compounded annual growth rate of between 6% and 7%, the S&P 500 is on track to hit 8,000 by 2030, representing potential upside of about 40% from current levels. "The S&P 500 stock price index is driven by its earnings per share (EPS), which has been growing mostly between 6% and 7% since the 1950s," Yardeni said. He added: "EPS could double to $400 by the end of the decade in our Roaring 2020s scenario," Yardeni said.

Persons: Ed Yardeni, —, it's, Yardeni Organizations: Service, Yardeni, Federal Reserve

☆ Mark Zuckerberg is leaning into his fashion era and considering selling Classics-inspired T-shirts
▼ + stars: | 2024-10-04 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg might start selling Classics-inspired shirts on Instagram. He's changing up the basic style he was once known for, reflecting Meta's fashion tech ventures. AdvertisementMark Zuckerberg said he's thinking about selling his own graphic tees. Zuckerberg told Pubity that he's been mulling selling T-shirts like the ones he's been wearing recently, inspired by the Classics — Greek and Roman history. Zuckerberg has gone viral several times in 2024 for his gold chains, and the tech billionaire is leaning into the hype.

Persons: Zuckerberg, —, Mark Zuckerberg, Pubity, he's, Zuck, Julius Caesar, I've, ike, miri, ould Organizations: Service, Meta Locations: oman

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