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☆ Buying a home just got more affordable for the first time in 4 years
▼ + stars: | 2024-09-24 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +1 min

The income homebuyers need to afford the typical home just saw its first annual decline since 2020. That decline comes as mortgage rates have steadily dipped, a Redfin report says. Homebuyers now need an annual income of $115,454 to afford the median priced home of $433,101. That follows years of declining affordability as mortgage rates soared after hitting historic lows in 2020. The 30-year mortgage rate saw its first annual decline in three years last month, falling to 6.5% from 7.07% the year prior.

Persons: —, Homebuyers Organizations: Service, Business

☆ Leaders from the CIA, Dell Technologies, HP, SageCXO, and ezCater share how they keep up with AI development
▼ + stars: | 2024-09-24 | by ( Helen Li | Emma Cosgrove | ) www.businessinsider.com time to read: +14 min

John Roese, the global chief technology officer and chief AI officer of Dell Technologies. In the long term, those two have to come closer together to achieve the speed necessary for an AI cycle. So the quality of what you produce in your organization as a CTO — if you're going to provide models built in-house — better be superstar quality, or no one's using it. Once you understand that those are high level, then you have to ask if you are actually on a path where if you apply AI, you're going to get to an outcome. DeCesare: I've been most inspired to drive the leverage of AI through the company by finding out how people have applied it.

Persons: Emma Cosgrove, La'Naia Jones, John Roese, Elaine Zhou, Faisal Masud, Erin DeCesare, What's, it's, Claude, It's, She's, ChatGPT, Cosgrove, we've, cocreate, that's, We've, Masud, That's, they're, Jones, You've, Everyone's, Aaron, Jensen, Huang, I've Organizations: Business, BI's, CIA, Dell Technologies, HP, Star, Amazon, Nvidia Locations: Spain, Madrid, Silicon

☆ Jamie Dimon says an 'evil axis' of countries threatening war is the biggest risk to the world economy in the next century
▼ + stars: | 2024-09-24 | by ( Matthew Fox | ) www.businessinsider.com time to read: +1 min

Jamie Dimon warns rising geopolitical tensions could weaken the global economy and stock markets. He labeled Iran, North Korea, and Russia an "evil axis" and criticized China's approach to geopolitics. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJPMorgan CEO Jamie Dimon warned that investors are overlooking a key risk that could significantly weaken the global economy and stock markets over the next century. You have a lot of war taking place right now," Dimon told CNBC-TV18 during a visit to India on Tuesday.

Persons: Jamie Dimon, —, Dimon Organizations: Service, CNBC, TV18, Business Locations: Iran, North Korea, Russia, India

☆ The US is sending more troops to the Middle East to help US citizens flee as Israel-Hezbollah clashes intensify
▼ + stars: | 2024-09-24 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +1 min

The US has plans to send more soldiers to the Middle East, NBC News reported. 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 . AdvertisementThe US is planning to send more troops to the Middle East in the coming days in case American citizens need to evacuate the region, NBC News reported, citing three defense officials. A few dozen additional soldiers will be added to the roughly 40,000 US troops already present in the region, according to the publication.

Persons: —, Israel ramped Organizations: US, NBC News, Service, Business Locations: East, Israel, Lebanon

☆ Mitch McConnell goes after Trump's trade policy: 'I'm not a tariff fan'
▼ + stars: | 2024-09-24 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +1 min

Senate GOP Leader Mitch McConnell issued rare criticism of Trump's approach to trade. Trump has proposed a 10% tariff on all imports, which Kamala Harris calls the "Trump Sales Tax." 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 . AdvertisementSenate Minority Leader Mitch McConnell issued rare criticism on Tuesday of a key economic policy that former President Donald Trump has pledged to pursue if he's elected this November: tariffs.

Persons: Mitch McConnell, Trump, Kamala Harris, McConnell, —, Donald Trump, he's, John Deere Organizations: Service, GOP, Capitol, Business Locations: Mexico

☆ 10 things to watch in the stock market Tuesday, including long-awaited China stimulus
▼ + stars: | 2024-09-24 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

China related stocks were on the move Tuesday after the People's Bank of China said it will cut interest rates. What the Jefferies downgrade misses is the market is giving Starbucks a pass as Niccol builds his team and makes changes. Truist downgraded Club holding Costco to a hold rating ahead of earnings, which are out after Thursday's close. The analysts still have a hold-equivalent rating on Club holding Home Depot but boosted their price target to $400 per share. China related stocks were on the move Tuesday after the People's Bank of China said it will cut interest rates.

Persons: Brian Niccol, Chipotle, Jefferies, Truist, Salesforce, Piper Sandler, Oppenheimer, Regeneron, Eli Lilly, Pinterest, —, Jeff Marks, Jim Cramer's, Jim Cramer, Jim Organizations: People's Bank of, Starbucks, Jefferies, Costco, Walmart, Analysts, Barclays, Constellation Brands, Oppenheimer, Justice Department, Visa, Bloomberg, Jim Cramer's Charitable, CNBC Locations: China, People's Bank of China, Japan

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCaroline Ellison faces sentencing in FTX fraud case after testifying against SBF: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Paul Tuchmann of Wiggin and Dana breaks down the precedent Caroline Ellison's sentencing could set, and whether Sam Bankman-Fried's appeal stands a chance.

Persons: Caroline Ellison, explainers, Paul Tuchmann, Wiggin, Dana, Caroline Ellison's, Sam Bankman Organizations: SBF, CNBC Crypto, CNBC

☆ Russia says it's the bigger person for not cutting Europe's natural gas supply — but that's not all there is to it
▼ + stars: | 2024-09-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

But Moscow doesn't appear ready to acknowledge that it's not in a financial position to cut Europe off from its natural gas exports completely. Russia's oil and gas revenues hit 8.82 trillion rubles, or $94.6 billion, in 2023. That's 24% lower than the 11.6 trillion rubles it recorded in 2022, when revenues jumped due to oil price volatility. In 2021, Russia's oil and gas sales revenue stood at 9 trillion rubles. To be sure, other geopolitical factors could also be playing into Russia's decision to keep natural gas exports moving into Europe.

Persons: —, it's, Sergey Lavrov, Lavrov, It's, There's, Naftogaz Organizations: Service, Sky News Arabia, Russian, Business, West, P, Oxford Institute for Energy Studies, Bloomberg Locations: Moscow, Russia, Europe, United States, Ukraine, Nord, Ukraine's

☆ US Justice Department hits Visa with antitrust lawsuit over its debit card business
▼ + stars: | 2024-09-24 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

The US Department of Justice filed a lawsuit accusing Visa of engaging in anticompetitive behavior. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. 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 . As a result, Visa's unlawful conduct affects not just the price of one thing — but the price of nearly everything."

Persons: —, Merrick Garland Organizations: US Department of Justice, Visa, Service, Business

☆ Judge predicts the public won't be as mean to Caroline Ellison now that she's been sentenced
▼ + stars: | 2024-09-24 | by ( Natalie Musumeci | Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

Though the judge spoke favorably about Ellison, he said that he could not let her off scot-free. "Her physical appearance has been the subject of internet fascination and scrutiny," her lawyer, Anjan Sahni, told the judge at the Tuesday sentencing hearing. Advertisement"She had a crush on him from the beginning," Sahni told the judge in the sentencing hearing. Related stories"I found myself drifting away," Ellison told the judge in her own remarks Tuesday. "Numerous films and TV shows are in production about the downfall of FTX, which will only perpetuate the public scrutiny Ellison has faced to date," prosecutors wrote in a filing ahead of the sentencing hearing.

Persons: —, Caroline Ellison —, Sam Bankman, Lewis Kaplan, Ellison, she's, Kaplan, Bankman, scot, FTX, Anjan Sahni, Fried, New York Times —, Jane Street, Sahni Organizations: Service, Bankman, Business, Alameda Research, New York Times, Prosecutors Locations: Manhattan, Bankman

☆ How stocks can roar by 10% into year-end, Citi US equity-trading head says
▼ + stars: | 2024-09-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The stock market could jump as much as 10% by the year-end, Citi's stock-trading strategy head said. He said the economy only needs to avoid a recession, which will ultimately depend on the labor market. And that is now a plausible scenario," the firm's head of US equity-trading strategy told Bloomberg TV on Tuesday. If this is achieved, stocks can surge another 5% to 10% by the end of this year, Kaiser said. But though the Fed emphasized that it was not forecasting a looming downturn during its latest policy meeting, it all hinges on incoming labor market data, he noted.

Persons: Stuart Kaiser, —, Citi's Stuart Kaiser, Kaiser, Morgan Stanley Organizations: Bloomberg, Service, Federal Reserve

☆ Yet another one of China's elite has disappeared after criticizing Xi Jinping
▼ + stars: | 2024-09-24 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +1 min

Zhu Hengpeng disappeared after criticizing Xi Jinping, according to The Wall Street Journal. Zhu is believed to have criticized China's economy and Xi's leadership in a private WeChat group. 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 . AdvertisementA top economist has joined the growing list of China's elite to have disappeared from public life after criticizing Xi Jinping, according to The Wall Street Journal.

Persons: Zhu Hengpeng, Xi, Zhu, —, CASS, Chen Daoyin Organizations: Wall Street, Service, Institute of Economics, Chinese Academy of Social Sciences, Shanghai University of Political Science, Law, Business

☆ StackGen uses AI to auto-generate infrastructure from code. Check out the pitch deck the startup used to land a $12.3 million supersized seed round.
▼ + stars: | 2024-09-24 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +1 min

StackGen raised $12.3 million in seed funding led by Thomvest Ventures. The startup uses AI to auto-generate infrastructure from code, boosting developer efficiency. Generative AI is transforming software engineering, with many startups securing large seed rounds. AdvertisementGenerative AI is giving software engineering a massive boost, and one startup just raised a supersized seed round for its tech that uses code to create generative infrastructure. The startup, formerly known as appCD, rebranded to StackGen and raised a $12.3 million seed funding round led by Thomvest Ventures.

Persons: StackGen, — Organizations: Thomvest Ventures, Service, StackGen, FireBolt Ventures, WestWave, Business

Now that the Fed has cut rates, mortgage rates have generally held steady. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's interest rates will affect your monthly payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates have been holding steady at around 5.70%, according to Zillow data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. Now that the Fed has cut rates, mortgage rates may not drop further for the rest of the month.

Persons: you'll, Freddie Mac, it's, they've Organizations: Federal, Zillow, Fed Locations: Chevron

☆ Confused about the potential Qualcomm-Intel deal? Here's why it matters even if it doesn't happen.
▼ + stars: | 2024-09-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

In today's big story, why you should care about a potential Intel-Qualcomm deal , even if it might not work. Getting all that varied experience has proved particularly beneficial for TSMC in the age of cutting-edge mobile and AI chips. The US needs Intel to keep (and get better at) manufacturing chips. The problem with that is that this manufacturing business would have almost no customers, and would fall even further behind TSMC. Experts seem incredibly skeptical about a Qualcomm deal going through.

Persons: —, Jamie Dimon, Moneyball, Rupert Murdoch's, Chelsea Jia Feng, I'm, it's, Palantir alums, Jamie Dimon Tom Williams, he's, Goldman Sachs, Chelsea JIa Feng, ChatGPT, Vinod Khosla, Chris Gash, Lachlan Murdoch, Murdoch, Lachlan's, Caroline Ellison, Biden, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, Milan Sehmbi, Amanda Yen Organizations: Service, Intel, Qualcomm, Business, Tech, Getty, TSMC, Inc, JPMorgan, Bank of America, Big Tech, Web Services, Employees, Bloomberg Global Business Forum, FAA, OPEC, Oil Locations: Taiwan, China, San Francisco, Nevada, New York, London

☆ Nighttime footage shows a fire-breathing Ukrainian drone setting Russian positions ablaze
▼ + stars: | 2024-09-24 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Read previewA Ukrainian battalion shared nighttime footage of one of its "dragon drones" breathing fire on a Russian position in Ukraine, setting a line of trees ablaze. This story is available exclusively to Business Insider subscribers. Nighttime footage of a Ukrainian dragon drone covering a Russian-held treeline with molten thermite, setting multiple Russian positions ablaze. However, news reports suggest Russia may also have produced its own version of the "dragon drone," DW reported. AdvertisementJames Patton Rogers, a drone expert and executive director of the Cornell Brooks Tech Policy Institute, told Business Insider this month that the tactic can force a retreat.

Persons: —, it's, James Patton Rogers, Patton Rogers Organizations: Service, 205th, Territorial Defense Forces, Business, 241st, 92nd Assault Brigade, Russian, Deutsche Welle, Cornell Brooks Tech Policy Institute Locations: Ukraine, Ukrainian, Russian, Zaporizhzhia, Ukraine's, Donetsk, Kursk, Russia

☆ Exclusive: Healthcare AI startup Tennr is raising fresh cash from Lightspeed Venture Partners just months after its A16z-led Series A
▼ + stars: | 2024-09-24 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +3 min

Read previewTennr, an A16z-backed startup using AI to replace faxes in healthcare, is raising a Series B round just seven months after its Series A. The startup is grabbing fresh cash from Lightspeed Venture Partners, according to two people with knowledge of the efforts. Those two people said Lightspeed preempted the fundraising efforts, approaching Tennr before the startup set out to raise more money. AI startups like Perplexity and Groq are reportedly tacking on more funding right now after closing big deals earlier this year. Some investors are taking the same approach with healthcare AI startups.

Persons: —, Tennr, Andreessen Horowitz, clamor, Forbes Organizations: Service, Lightspeed Venture Partners, Lightspeed, Business, Menlo Ventures, A16z Locations: Tennr, A16z . New York

☆ Stock market today: Indexes add to records as traders parse more economic data and Fed comments
▼ + stars: | 2024-09-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Investors are parsing through data and Fed commentary to determine future rate cuts. On Tuesday, Fed Governor Michelle Bowman explained why she dissented against a deep cut in September. Go to newsletter preferences Thanks for signing up! Both indexes closed at all-time highs on Monday amid rising outlooks that the Federal Reserve will deliver another half-point interest rate cut in November. To better understand where monetary policy may be headed after the Fed's first rate cut in four years, investors are tuning into Fed commentary and parsing through incoming data.

Persons: Michelle Bowman, —, dovish, Michelle Bowman's, Bowman Organizations: Service, Dow Jones Industrial, Federal Reserve, Fed, Richmond, Here's Locations: Kentucky

☆ Winners & Losers: Las Vegas Sands, FMC Corp, Regeneron and Palantir
▼ + stars: | 2024-09-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWinners & Losers: Las Vegas Sands, FMC Corp, Regeneron and PalantirThe Investment Committee highlight some of today's winners and losers.

Organizations: FMC Corp, Investment Locations: Vegas Sands

☆ The Wrap-Up for Tuesday September 24
▼ + stars: | 2024-09-24 | 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 EmailThe Wrap-Up for Tuesday September 24The top headlines that could drive today's trading.

☆ All 33 Sebastian Stan movies, ranked by critics
▼ + stars: | 2024-09-24 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +1 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. He got his start on TV playing roles like Carter Baizen in "Gossip Girl," TJ Hammond in "Political Animals," and the Mad Hatter in "Once Upon a Time." This story is available exclusively to Business Insider subscribers. Thirteen years later, Stan is still playing Bucky, aka the Winter Soldier — "Thunderbolts" is out in 2025 — and has appeared in multiple billion-dollar films in the role. Here's how critics have received all 33 of Stan's films throughout his career.

Persons: —, Sebastian Stan, Carter, TJ Hammond, Bucky Barnes, Steve Rogers, America, Stan, Bucky, He's, Tommy Lee, Pam, Tommy Organizations: Service, Business Locations: Hollywood

☆ CNBC Daily Open: Vaguely reassuring Fedspeak
▼ + stars: | 2024-09-24 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Michael Nagle | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In an interview with CNBC, Minneapolis Fed President Neel Kashkari said, "We still have a strong, healthy labor market. But I want to keep it a strong, healthy labor market." Atlanta Fed President Raphael Bostic was more circumspect.

Persons: IXIC BRBY, Jerome Powell, Michael Nagle, Neel Kashkari, Raphael Bostic, Austan Goolsbee, Goolsbee, yesterday's Fedspeak, Dow, Jeff Cox, Brian Evans, Alex Harring Organizations: US Federal Reserve, Market, New York Stock Exchange, Bloomberg, Getty, CNBC, Minneapolis, Atlanta Fed, National Association of State, Chicago Fed, Dow, Nasdaq Locations: New York, U.S

☆ I went inside the secret room where pilots sleep on long-haul flights. It was the best seat on the plane.
▼ + stars: | 2024-09-24 | by ( Monica Humphries | ) www.businessinsider.com time to read: +1 min

Pilots take shifts on long-haul flights. I toured the secret room stationed above business class on an Air New Zealand Boeing 777-300ER. Go to newsletter preferences Thanks for signing up! That's why pilots take shifts on long-haul flights. When pilots aren't in the cockpit, they're resting in secret rooms on board the aircraft.

Persons: they're, — Organizations: Air New Zealand Boeing, Service, Zealand Locations: Auckland , New Zealand, Los Angeles

☆ Zelenskyy attacked JD Vance for being 'too radical' and recommended he 'read up on the history of the Second World War'
▼ + stars: | 2024-09-24 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +3 min

Read previewUkrainian President Volodymyr Zelenskyy criticized Ohio Sen. JD Vance as being "too radical" and recommended that he read up on World War II in an interview with The New Yorker. In exchange, Vance said, Ukraine would need to guarantee it wouldn't join NATO or other "allied institutions." AdvertisementIn his interview with The New Yorker, Zelenskyy dismissed this as an "awful idea" and "just sloganeering." Advertisement"Let Mr. Vance read up on the history of the Second World War, when a country was forced to give part of its territory to one particular person," he told The New Yorker. In the interview, Zelenskyy also addressed Trump's repeated claims that he could end the war between Russia and Ukraine within 24 hours, despite his failing to present a specific plan.

Persons: —, Volodymyr Zelenskyy, Ohio Sen, JD Vance, Zelenskyy, Donald Trump's, Vance, Trump, wouldn't, Mr, Adolf Hitler, Hitler, Trump's Organizations: Service, Ohio, Business, NATO, New, Trump Locations: Ukraine, Russia, Ukrainian, Europe

☆ Zelenskyy called JD Vance 'too radical' and recommended he 'read up on the history of the Second World War'
▼ + stars: | 2024-09-24 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +3 min

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