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☆ Move aside, AI: None of our top 5 stocks in the third quarter are in tech
▼ + stars: | 2024-09-27 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

The best-performing Club stocks during the topsy-turvy third quarter are all outside the "Magnificent Seven" and AI-winner complexes. Starbucks: 25.2% New CEO Brian Niccol is the reason why Starbucks' stock is on the list. Best Buy: 18.6% The electronics retailer is another rate-cut winner: More people moving means more purchases of appliances and TVs. In fact, the reasons to own Best Buy are underappreciated by investors, JPMorgan analysts said in a note to clients Friday. Like Stanley Black & Decker and Best Buy, Home Depot is a beneficiary of increased housing sector activity.

Persons: —, Stanley Black, Decker, Brian Niccol, Eli Lilly, Lilly, there's, Jim Cramer's, Jim Cramer, Jim, Donald Allan , Jr, Chris Taylor Organizations: Reserve, Starbucks, Deutsche Bank, GE Healthcare, Novo Nordisk, Abbott Laboratories, Abbott Labs, GE, JPMorgan, CNBC, The New York Stock Exchange, NYSE Global Locations: U.S, China

☆ Selena Gomez, now a billionaire, has owned multimillion-dollar properties in Texas and California. Take a look at her real-estate portfolio.
▼ + stars: | 2024-09-27 | by ( Priyanka Rajput | ) www.businessinsider.com time to read: +1 min

In 2014, the "Monte Carlo" actor bought a Mediterranean-style residence in Calabasas, California, for $3.69 million. This Santa Monica mountain view visible from Calabasas. Andy Konieczny/ShutterstockFor her next real-estate purchase, Gomez chose a $3.69 million 7,700-square-foot mansion in Calabasas, a neighborhood that's been home to celebrities including Kim Kardashian, Miley Cyrus, and Justin Bieber. The five-bedroom, six-bathroom home was among Mureau Estates' 11 luxury villas, part of a big, private gated community. The main home, per House Beautiful, featured five fireplaces, a gym, a movie theater, and even an underground wine cellar.

Persons: Monte Carlo, Andy Konieczny, Gomez, Kim Kardashian, Miley Cyrus, Justin Bieber Organizations: Mureau Estates, Teen Vogue Locations: Calabasas , California, Monica, Calabasas, French Montana

☆ Muriel Furrer: 18-year-old cyclist dies after fall in junior road race
▼ + stars: | 2024-09-27 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +1 min

CNN —Muriel Furrer, an 18-year-old cyclist, has died after suffering a serious head injury in a race, the Union Cycliste Internationale (UCI) announced Friday. Furrer was competing in the women’s junior road race at the world championships in Zurich, Switzerland, on Thursday when she was badly injured in a fall. “With the passing of Muriel Furrer, the international cycling community loses a rider with a bright future ahead of her. The 18-year-old rider fell heavily yesterday, Thursday 26 September, during the Women Junior road race, and suffered a serious head injury before being flown to hospital by helicopter in a very critical condition. “The UCI and the Organising Committee of the 2024 UCI Road and Para-cycling Road World Championships offer their sincere condolences to Muriel Furrer’s family, friends and her Federation Swiss Cycling.

Persons: Muriel Furrer, Furrer, Muriel Furrer’s, “ Muriel Furrer’s, ” Organizations: CNN, Union Cycliste Internationale, UCI, Women Junior, Zurich University Hospital, “, Federation Swiss Cycling, ” CNN, Zurich Cantonal Police Locations: Zurich, Switzerland, Para, Swiss

☆ Read the memo Dell sent ordering its sales staff back to the office 5 days a week
▼ + stars: | 2024-09-27 | by ( Jyoti Mann | Polly Thompson | ) www.businessinsider.com time to read: +7 min

Dell is mandating all global sales workers return to the office five days a week from Monday. AdvertisementDell has issued a return-to-office mandate calling for all of its sales workers to work from the office five days a week. The tech giant sent a memo to its entire global sales team on Thursday, requiring them to be in the office all week from Monday. Field sellers who can't go into a Dell office should prioritize time spent in person with customers and partners. Bill ScannellPresident, Global Sales & Customer OperationsJohn ByrnePresident, Sales, Global Regions, Dell Tech SelectImplementation will be subject to local laws, regulations and practices, including works council and employee representative consultation where applicable.

Persons: —, Dell, Bill Scannell, John Byrne, Byrne, Vivek Mohindra, Mohindra, Andy Jassy, we're, Let's, John, Polly Thompson Organizations: Dell, Service, Dell Tech, Business, Global, Dell Technologies, Global Regions

☆ Columbus, Ohio is the city with the fastest car commute in America, new study shows—see the full top 10 list
▼ + stars: | 2024-09-27 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

The United States is home to some of the most congested cities in the world, but there are some places around the country where residents have a smooth daily commute. The average commute time was calculated using the 2022 American Census Survey and the traffic was calculated using Lyft data from August 2023 to August 2024. The report found that 25% of the commuters surveyed said that time was the most important factor in having a great commute. "If you are going back to the office, you know that the commute is not what it once was. Though dealing with congestion might seem bad, Bob Pischue, a transportation analyst at INRIX, says it's a sign of a good economy.

Persons: it's, Jill Gonzalez, Bob Pischue Organizations: Survey, CNBC Locations: States, United States, U.S, INRIX

☆ Dollar drifts, risk-sensitive currencies lifted by China optimism
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: +4 min

The dollar wobbled on Friday, poised for a fourth straight week of declines as investors weighed U.S. data to gauge the pace of interest rate cuts, while China's spree of stimulus measures kept risk-sensitive currencies aloft. The dollar wobbled on Friday, poised for a fourth straight week of declines as investors weighed U.S. data to gauge the pace of interest rate cuts, while China's spree of stimulus measures kept risk-sensitive currencies aloft. "This suggests a more cautious approach to interest rate cuts, prioritizing a balance between the Fed's employment mandate and keeping an eye on inflation risks." The risk-sensitive Australian and New Zealand dollars also held near multi-year highs due to China stimulus plans. AUD/On Thursday, China's leaders pledged to support the struggling economy through "forceful" interest rate cuts and adjustments to fiscal and monetary policies, stoking expectations for more stimulus.

Persons: Ryan Brandham, Sterling, China's Organizations: Federal Reserve, North America, Validus Risk, New, Communist Party, ING Locations: U.S, China, New Zealand

☆ Shohei Ohtani's record-breaking 50-50 home run ball is now on sale for $4.5 million
▼ + stars: | 2024-09-27 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

For one fan who was in attendance for the Japanese superstar's record-breaking home run, Ohtani's success may deliver a multimillion-payday. The starting bid for the historic ball — the most valuable from Ohtani's incredible 6-for-6, 3-home-run and 10 RBI performance — is $500,000. The auction will run from Sept. 27 to Oct. 9, with extended bidding taking place on Oct. 16. The $3 million figure represents the highest price ever paid for a baseball when Mark McGwire's 70th home run ball sold in 1999. If you don't have several million dollars to bid on Ohtani's home run ball, don't worry.

Persons: Shohei Ohtani, Goldin, Mark McGwire's Organizations: Major League Baseball, Goldin Auctions, Dodgers, Topps, CNBC

☆ Why JPMorgan Chase is prepared to sue the U.S. government over Zelle scams
▼ + stars: | 2024-09-27 | by ( Hugh Son | ) www.cnbc.com time to read: +7 min

The lender disclosed that the Consumer Financial Protection Bureau could punish JPMorgan for its role in Zelle, the giant peer-to-peer digital payments network. In response, JPMorgan issued a thinly veiled threat: "The firm is evaluating next steps, including litigation." Trade groups say that in the aftermath of the financial crisis, banks became easy targets for populist attacks from Democrat-led regulatory agencies. Amid the scrutiny, the bank began warning Zelle users on the Chase app to "Stay safe from scams" and added disclosures that customers won't likely be refunded for bogus transactions. While all of these battles are ongoing, the financial industry has racked up several victories so far.

Persons: JPMorgan Chase, Jamie, Evelyn Hockstein, Tobin Marcus, Joe, Marcus, That's, Biden, Marianne Lake, Zelle, Banks, Jamie Dimon, Dimon, Donald Trump, Kamala Harris, Mark Pittman Organizations: JPMorgan, U.S . Senate Banking, Housing, Urban Affairs, Wall, Capitol, Washington , D.C, Reuters, JPMorgan Chase, Consumer Financial, Democrat, Republican, Wolfe Research, Services, PayPal, Bank of America, Senate, Electronic, Federal Reserve, U.S . Chamber of Commerce, Northern, Northern District of Texas Locations: Washington ,, Zelle, Basel, Wells Fargo, Northern District

☆ Maggie Smith, beloved ‘Downton Abbey’ and ‘Harry Potter’ star, dead at 89
▼ + stars: | 2024-09-27 | by ( Hilary Clarke | Caitlin Danaher | ) edition.cnn.com time to read: +4 min

CNN —Dame Maggie Smith, one of Britain’s best-known actresses whose long career ranged from starring opposite Laurence Olivier in “Othello” on stage and screen, to roles in “Harry Potter” and “Downton Abbey,” has died, her sons announced in a statement shared by their publicist Clair Dobbs. “It is with great sadness we have to announce the death of Dame Maggie Smith. Everett CollectionSmith was made a Dame Commander of the Order of the British Empire in 1990, and from then on was widely known as Dame Maggie Smith. She came to the notice of younger viewers as the strict but fair witchcraft teacher Minerva McGonagall in “Harry Potter and the Sorcerer’s Stone” (2001), also appearing in several “Harry Potter” sequels. In her later years, Smith became a role model for ageing gracefully, a process she handled with her customary charm and wit.

Persons: Maggie Smith, Laurence Olivier, “, ”, “ Harry Potter ”, Downton, Clair Dobbs, Dame Maggie Smith, ” Smith, Smith, William Shakespeare’s “, Olivier’s, Miss Jean Brodie, Neil Simon’s, Judith Hearne, Dowager Countess, Everett, Mussolini, Franco Zeffirelli, Minerva McGonagall, “ Harry Potter, Harry Potter, Violet Crawley, Dowager, Robert Stephens –, –, Beverley Cross Organizations: CNN, Chelsea, Westminster Hospital, Oxford University, Oxford Playhouse School, Oxford University Dramatic Society, The Old, British, Acclaim, Atlantic Locations: Ilford, London, Oxford, “, ”, California, British, Florence, Italy, Grantham, “ Downton, Los Angeles

☆ A 37-year-old nurse got unusually short of breath on a hike. She had stage 4 lung cancer.
▼ + stars: | 2024-09-27 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +6 min

Lung cancer is rare in people under 45, but more women who have never smoked are developing the disease. She was young, healthy, and never smoked so was shocked when she was diagnosed with lung cancer. Although CDC data suggests rates of cigarette smoking, which is the leading risk factor for lung cancer in the US, have declined significantly over the last few decades, rates of non-smokers getting lung cancer are rising. Doctors quickly identified she had stage four, non-small cell lung cancer, which had spread to her pelvis, right femur, and cervical spine. She and her husband started Ten for Ten Million to raise funds for research at the MD Anderson Cancer Center.

Persons: Tiffany Job, —, wouldn't, Job, KLC Lung, she'd, KLC Organizations: Service, American Cancer Society, CDC, Oncology, University of Texas, Anderson Cancer Center, cramp Locations: Texas

☆ A super-rare bullish signal with a perfect track record just flashed in the stock market, suggesting another year of record highs
▼ + stars: | 2024-09-27 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

A rare bullish signal with a perfect track record flashed in the stock market this week. This signal has flashed 28 times since 1962, with the S&P 500 averaging 15% returns one-year later. AdvertisementAn ultra-rare bullish signal with a perfect track record flashed in the stock market this week, suggesting another year of record highs ahead. Advertisement"Similar improvements in market breadth resulted in a 96% win rate over the following year," Christians said in a note to clients on Tuesday. But the signal has a perfect win rate when it flashes while the stock market is at or near record highs, as it did this week.

Persons: —, McClellan, SentimenTrader, Dean Christians, that's Organizations: Service

☆ 36-year-old’s Etsy side hustle brings in $220,000 a year—and costs under $40 to start: ‘You really can make a very good living’
▼ + stars: | 2024-09-27 | by ( Megan Sauer | ) www.cnbc.com time to read: +6 min

She started a print-on-demand shop, using Canva software to create designs for Etsy-friendly products like T-shirts and candles. Last year, Odio-Sutton opened a second Etsy shop — selling downloadable event materials, like sign-up sheets and schedule templates — that's brought in $17,200 in sales so far in 2024. I'll batch design 10 candle labels one day, then make the listings for them on Etsy the next day. I follow what I'd call a template method: I do a lot of black-and-white designs, a lot of plain text. Then, if I have a template that sells really well, I'll just go in and swap in new words.

Persons: they've, Emily Odio, Sutton, She'd, She's, that's, —, I'm Organizations: CNBC, Gold City Ventures Locations: Melbourne , Florida, Sutton, Odio, U.S

☆ Harris heads to the US southern border, looking to close a polling gap with Trump
▼ + stars: | 2024-09-27 | by ( Priscilla Alvarez | ) edition.cnn.com time to read: +6 min

Advisers to the vice president remain concerned about the gap between the candidates on immigration. Trump alluded to his current polling edge Thursday as he slammed his rival ahead of her visit to the border. Harris plans to use her trip to the US-Mexico border to slam Trump for scuttling the bipartisan border deal and lean into her work as attorney general of California, a border state, a campaign aide said. Adrees Latif/REUTERS/REUTERSAn early strategyThe Harris campaign signaled early on that it planned to counter Trump’s attacks on the vice president and the administration’s handling of border security. Harris previously visited the border as vice president and has cited her work as a border-state senator and state attorney general.

Persons: Kamala Harris, Donald Trump, Harris, Trump, Joe Biden, “, ” Harris, Adrees Latif, “ Kamala Harris, Friday’s, Biden, that’s, ”, CNN’s Kit Maher Organizations: CNN, Republicans, Democratic, Trump, REUTERS, Border Patrol, New York Times, Siena College, Fox, Biden, Congressional Hispanic Caucus Institute Locations: Arizona, Trump, New York, Mexico, California, India, United States, Ruby , Arizona, It’s, Central America, Washington

☆ Voters in Dalton, Georgia, stick with Trump despite Biden’s clean energy law that revived growth there
▼ + stars: | 2024-09-27 | by ( Phil Mattingly | Andrew Seger | ) edition.cnn.com time to read: +11 min

Dalton, Georgia CNN —The face of a new era in American manufacturing is here, just off Interstate 75, tucked into this northwest corner of Georgia. That’s where you’ll find the Qcells plant that pumps out 32,000 solar panels a day and has a total panel production capacity of 5.1 gigawatts. They’re contributing back into the local community, paying taxes,” Nash said. The Qcells solar panel plant in Dalton, Georgia CNNTrump strikes a chordLocated in the congressional district represented by GOP firebrand Marjorie Taylor Greene, Dalton is Trump country. “You want to ask me that after November?” Nash, the Qcells plant manager, responded when asked about the future for the industry.

Persons: Dalton, ”, Lisa Nash, “, didn’t, it’s, ” Nash, Biden, “ We’ve, Scott Moskowitz, Kamala Harris, Andi Rice, she’s, Kimberly Richardson, Harris, Richardson, Qcells, ” Richardson, Donald Trump, ” Kasey Carpenter, Dalton , Georgia CNN Trump, Marjorie Taylor Greene, ” Carpenter, Trump, George, Kasey Carpenter CNN, Brian Kemp –, can’t, Matt Santini, CNN's Phil Mattingly, “ It’s, ” Santini, Carpenter, –, there’s, Mattingly, It’s, ‘ Don’t Organizations: Georgia CNN, CNN, Bloomberg, Getty, Republican, Dalton , Georgia CNN, GOP, Republican Gov, Biden, Trump, Oakwood Locations: Georgia, That’s, Dalton, Qcells, Dalton , Georgia, United States, Trump, Cartersville , Georgia, Atlanta

☆ Shailene Woodley on Her Movie & TV Roles: 'Divergent,' 'Secret Life,' 'Big Little Lies'
▼ + stars: | 2024-09-27 | by ( Olivia Singh | ) www.businessinsider.com time to read: +13 min

AdvertisementOn her brief stint on 'The OC' and the biggest takeaway from her breakout role on 'The Secret Life of the American Teenager'Daren Kagasoff and Shailene Woodley in "The Secret Life of the American Teenager." It wasn't until I was a little bit older that I was like, "Oh, damn, that was a pretty big deal. Another movie that's a touchstone of your career is the "Divergent" series. AdvertisementThe final movie in that franchise never materialized and there were different stages of development of a TV movie and spinoff series. AdvertisementYou've said before that you were interested in coming back as Jane in a potential third season of "Big Little Lies."

Persons: Shailene Woodley, who's, Gia, Lisa Taddeo's, Taddeo, Woodley, it's, Zoom, Lisa, George Clooney, Andrew Garfield, she'd, Tris, Randy Holmes, Mischa Barton's, Kaitlin Cooper, Ben McKenzie, You've, —, I've, George Clooney's, Clooney, Gareth Cattermole, George, he's George Clooney, Molly Ringwald, Ashley Judd, Kate Winslet, It's, Alexander, Payne, didn't, Mary Jane Watson, hasn't, Mary Jane, Andrew, Garfield, I'm, Abrams, Jane, Reese, Nicole Organizations: Woodley, Business, American, Disney, Entertainment, Getty, BFI, Bobby Bank, Rey, Starz Locations: America, Star

☆ Dominick Dunne, the crime journalist central to Netflix's drama "Monsters: The Lyle and Erik Menendez Story," had a life worthy of a biopic. Here's what to know.
▼ + stars: | 2024-09-27 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +7 min

Former Vanity Fair reporter Dominick Dunne is central to "Monsters: The Lyle and Erik Menendez Story." Dunne's theories about the Menendez brothers' motives are featured in the series. Dominique Dunne was Dunne's youngest child, and her death turned him into a crime reporterValerie Harper and Dominique Dunne in 1981. He covered several more high-profile cases on top of the Mendedez brothers' trial in 1993. "Monsters: The Lyle and Erik Menendez Story" is available to stream on Netflix.

Persons: Dominick Dunne, Lyle, Erik Menendez, Menendez, Dunne, —, Erik Menendez's, Ryan Murphy, Ian Brennan's, Kitty Menendez, Nathan Lane, wasn't, Tammi Menendez, Murphy, Joan VanderMolen, o7KEOEoYwr — Tammi Menendez, It's, Dominique Dunne, Valerie Harper, Lee Green, Ellen Griffin, Dunne's, Dominique, John Thomas Sweeney, Sweeney, Slate, Anthony Pellicano, Pellicano, Dominick, Jimi Celeste, Patrick McMullan, Phil Spector's, CourtTV, Dominick Dunne's Power Organizations: Service, Netflix, Variety, Business, American Broadcasting Companies, Getty Locations: Hollywood

☆ What is chroming? Here’s what parents should know
▼ + stars: | 2024-09-27 | by ( Kristen Rogers | ) edition.cnn.com time to read: +8 min

“(Chroming) can become addictive when it’s done over and over again.”Here’s what else you should know about the risks of chroming, signs of dependency and how to talk to young people about the practice. Chroming can also be fatal, and the amount and frequency necessary for that outcome to play out is unpredictable, experts said. Protecting kids from substance misusePreventing kids from chroming can be difficult since the items used are often household or hobby items. “The best way to approach chroming is to approach it like other dangers — an ongoing conversation over time,” Choi said. If you notice chroming is a recurring problem for your child, they may have a dependency they can’t easily stop despite your intervention, Pizon said.

Persons: Anthony Pizon, Pizon, Betty Choi, ”, ” Choi, inhalants, “ There’s, ” Pizon, Choi, TikTok, Chroming, “, you’re Organizations: CNN, University of Pittsburgh School of Medicine, Survey, Mental Health Services Administration Locations: United Kingdom, ”

☆ An OpenAI shake-up wouldn't just make Sam Altman richer — he'd have more control, too
▼ + stars: | 2024-09-27 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +5 min

Since 2019, the company has had what Sam Altman called an "unusual" hybrid structure. AdvertisementAfter operating under what Sam Altman called an "unusual" structure for more than four years, OpenAI is reportedly preparing to become a for-profit business. OpenAI could be structured as a public-benefit corporation, Bloomberg reported, an entity that balances profit with mission. An OpenAI spokesperson told the outlet the nonprofit entity "will continue to exist" and was core to its mission. OpenAI was established as a nonprofit in 2015, but in 2019, it created a "capped profit" subsidiary, OpenAI LP.

Persons: OpenAI, Sam Altman, Altman, —, Mira Murati, Anthropic, it's, Anat Alon, Beck, Alon, Eric Chaffee, Chaffee, OpenAI didn't Organizations: Service, Reuters, Bloomberg, CNBC, Elon, Microsoft, Case Western Reserve University's School of Law, Case Western Reserve University Locations: OpenAI, Delaware

☆ Israel says it struck Hezbollah’s headquarters as huge explosions rocked Beirut
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: +3 min

The strike in the Beirut suburb of Dahiyeh came shortly after Israeli Prime Minister Benjamin Netanyahu addressed the U.N., vowing that Israel's campaign against Hezbollah would continue. The Israeli army spokesman, Rear Adm. Daniel Hagari, said it targeted the main Hezbollah headquarters, located beneath residential buildings. Hezbollah's Al-Manar TV said four buildings were reduced to rubble in the blast, so powerful it rattled windows and shook houses some 30 kilometers north of Beirut. Israel has moved thousands of troops toward the border in preparation. At the U.N., Netanyahu vowed to "continue degrading Hezbollah" until Israel achieves its goals, further dimming hopes for an internationally backed cease-fire.

Persons: Benjamin Netanyahu, Daniel Hagari, Hezbollah's, Netanyahu, Firass Abiad Organizations: Hezbollah, Hamas Locations: Beirut, Dahiyeh, Lebanese, Lebanon, Israel, Gaza, Israel's, Sidon, Nabatiyeh, Tiberias

Deutsche Bank reinstated Dell Technologies as a buy, calling for nearly 14% upside. 7:04 a.m.: Citi says Walmart remains a top pick, hikes price target Walmart is poised for more growth ahead, according to Citi. The firm upgraded the stock to overweight from neutral and raised its price target by $66 to $395. WYNN mountain 2024-08-30 WYNN month to date — Sean Conlon 5:49 a.m.: Deutsche Bank reinstates Dell Technologies as buy The stars are aligning for Dell Technologies , according to Deutsche Bank. Analyst Matt Niknam resumed coverage of the PC maker with a buy rating and a price target of $144, which implies upside of nearly 14%.

Persons: Morgan Stanley, Paul Lejuez, — Sean Conlon, Piper Sandler, Accenture Piper Sandler, Arvind Ramnani, GenAI, Ramnani, Sean Conlon, Bumble, Justin Patterson, Patterson, Stephen Grambling, WYNN's, they've, Matt Niknam, Niknam, DELL, Fred Imbert Organizations: CNBC, Deutsche Bank, Dell Technologies, Wynn Resorts, Citi, Walmart, Accenture, Markets, Wynn, Las, MGM Resorts, Caesars Entertainment, Deutsche Bank reinstates Dell Technologies, DELL, Dell Locations: Grambling, UAE, WYNN

☆ Proto’s hologram boxes can beam ‘3D’ video into your living room
▼ + stars: | 2024-09-27 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +6 min

CNN —Billing itself as the world’s “first holographic communications platform,” US startup Proto is beaming life-size, “3D” video into universities, hotels and medical centers. The boxes can reproduce pre-recorded video as well as a live feed, and any 4K camera, including an iPhone, can be used as the source. Nussbaum, whose background is in radio and podcasting, started Proto in 2018. In 2023, video of actor William Shatner was beamed from Los Angeles to the Advertising Week APAC event in Sydney, Australia. A similar technology launched by Dutch company Holoconnects has been deployed at hotels in Scandinavia, and used for advertising by BMW.

Persons: CNN —, —, William Shatner, ”, David Nussbaum, Nussbaum, Holoconnects, Gary Burnett, Proto, Clay Jackson, Crystal Freeman, “ Organizations: CNN, Inc, Amazon, Verizon, Siemens, Accenture, Walmart, NFL, JFK, Beverly Wilshire, BMW, Google, HP, Cisco, MIT, Vanderbilt, Stanford, University of Loughborough, Loughborough University, West Cancer Center, University of Tennessee College of Medicine Locations: Los Angeles, Orlando , Florida, Sydney, Australia, New, Beverly Hills , California, Scandinavia, Webex, Central Florida, Memphis , Tennessee, New Jersey

☆ Key Fed inflation gauge at 2.2% in August, lower than expected
▼ + stars: | 2024-09-27 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Economists surveyed by Dow Jones had been expecting all-items PCE to rise 0.1% on the month and 2.3% from a year ago. Excluding food and energy, core PCE rose 0.1% in August and was up 2.7% from a year ago, the 12-month number 0.1 percentage point higher than July. "All quiet on the inflation front," said Chris Larkin, managing director of trading and investing at E-Trade from Morgan Stanley. Personal income increased 0.2% on the month while spending rose 0.2%. At their meeting last week, policymakers indicated a likelihood of another half percentage point in cuts this year then a full point in reductions for 2025, though markets expect a more aggressive path.

Persons: Dow Jones, Chris Larkin, Morgan Stanley Organizations: Commerce Department, Fed, Stock Locations: U.S

These are the best credit cards for bad credit in 2024, according to Business Insider's team of credit card experts. Discover it Secured Credit Card ReviewBest for 1.5% Cash Back: Capital One Quicksilver Secured Cash Rewards Credit CardThe Capital One Quicksilver Secured Cash Rewards Credit Card is a secured credit card that earns a straightforward 1.5% cash back on all purchases with no limits. US Bank Altitude Go Secured Credit Card ReviewBest for Everyday Expenses: Bank of America® Customized Cash Rewards Secured Credit CardThe Bank of America® Customized Cash Rewards Secured Credit Card is another good option for maximizing your rewards earnings. Credit Cards for Bad Credit Frequently Asked QuestionsWhat are the main benefits of credit cards for bad credit? Upgrade to an unsecured credit card — Secured credit cards are meant to be a stepping stone to better financial products.

Persons: They're, it's, cardholders, you'll, Cardholders, Cash, you've, You'll, you’ve, it’s, Quicksilver, WebBank, —, Holly Johnson Freelance, Holly Johnson, Johnson, Angela Fung, Read Organizations: Business Insider, U.S . Bank, Bank of America, Card, Bank, Bad Credit, Credit, Business, Quicksilver, . Bank, Cell, Sporting, EV, US Bank, Cash Plus, U.S, Go, The Bank of America, Gas, Drug, of America, Walmart, Visa, Discover, Capital, CreditWise, Rewards, Bank Cash, Go Visa, Cards, U.S . News, Club, Finance Locations: U.S, Capital, Chevron

☆ Scientists discover hidden ancient forest on treeless island
▼ + stars: | 2024-09-27 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

CNN —No trees have grown on the windswept Falkland Islands in the South Atlantic Ocean for tens of thousands of years — just shrubs and other low-lying vegetation. “It’s very sort of windswept and barren.”The Falkland Islands are a British-ruled overseas territory over which Great Britain and Argentina fought a brief war in 1982. But the story of this hidden forest goes back even further in time than the researchers initially thought. “The Falkland Islands are currently covered by grasslands and lack native trees,” Donovan added. However, the islands are unlikely to see a return to a forest landscape anytime soon, Thomas said.

Persons: Zoë Thomas, “, ”, Thomas, Michael Donovan, wasn’t, ” Donovan, Haidee, Chris Turney, what’s, Donovan Organizations: CNN, UK’s University of Southampton, Britain, Falklands, Antarctic, University of Southampton, Chicago’s, Australia’s University of New, Southern Locations: Falkland Islands, Stanley, Falkland, British, Great Britain, Argentina, Australia’s University of New South Wales, Patagonia, Antarctica, Westerly, Islas, South America

☆ Japan's ruling party votes to elect new leader and country's next prime minister
▼ + stars: | 2024-09-27 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Candidates in the upcoming leadership race for the ruling Liberal Democratic Party (LDP) join hands after giving speeches for the Liberal Democratic Party presidential election in Osaka, Japan on September 18, 2024. Japan's ruling party will elect the successor to outgoing Prime Minister Fumio Kishida on Friday in a race likely to decide the next leader of the nation. Kishida had thrown the Liberal Democratic Party for a loop when he announced in August that he would not be running for its top office, effectively ending his three-year term. The party has a majority in both chambers of the legislature, effectively ensuring its chief becomes the next prime minister. Polls suggest that the favorites in the election include ex-environment minister Shinjiro Koizumi, economic security minister Sanae Takaichi and former defense minister Shigeru Ishiba.

Persons: Japan's, Fumio Kishida, Kishida, Shinjiro Koizumi, Sanae Takaichi, Shigeru Ishiba Organizations: Liberal Democratic Party, Liberal Democratic Locations: Osaka, Japan

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