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☆ The 3 worst things about being an Uber or Lyft driver
▼ + stars: | 2024-08-09 | by ( Jacob Zinkula | Noah Sheidlower | ) www.businessinsider.com time to read: +10 min

In the second quarter of this year, Uber drivers completed 2.2 billion trips across the company's ride-hailing and delivery platforms; Lyft drivers completed roughly 200 million trips. Avedian shared what he considers to be the top concerns of Uber and Lyft drivers: declining pay, driver safety, and wrongful deactivations. An Uber spokesperson told BI that drivers, on average, make more than $30 an hour while active in the app. AdvertisementGeorge, a full-time Uber driver in Cleveland who has driven since 2017, said he wants to quit but has few other options. AdvertisementJulie, a part-time Uber driver in Cleveland, hasn't always felt safe during her five years in the gig economy, she previously told BI.

Persons: —, Lyft, Sergio Avedian, Guy, Uber, Dara Khosrowshahi, Avedian, David Risher, George, Julie, hasn't, Aaron Lavender, Lavender Organizations: Service, Business, Wall, Wednesday, Drivers, BI, UC Berkeley, Uber, Lyft Locations: Cleveland, Colorado, Oregon

Hong Kong CNN —Presumptive Democratic presidential nominee Kamala Harris’ running mate has a decades-long connection with China. “I remember waking up and seeing the news on June 4 that the unthinkable had happened,” Walz told Voice of America in an interview in 2014. The newlyweds spent their honeymoon taking students on two-week tours in China for sightseeing and classes on culture, education and history. In Chinese nationalist circles, which have an outsized voice on policy debates in China, there are no rosy illusions about Walz. The hashtag “Harris’ VP pick once taught in China” racked up 15 million views on microblogging site Weibo.

Persons: Hong Kong CNN —, Kamala Harris ’, Tim Walz, Walz, ”, Dalai Lama, Joshua Wong, Shen Dingli, ” Shen, ’ Walz, “, Mao Zedong, Deng Xiaoping, ” Walz, Gwen, Cara Roemhildt, ” Roemhildt, Jeff Widener, ’ ”, Liu Dongshu, Liu Xiaobo, Lobsang Sangay, ” Tim Walz, X, Hong Kong’s, Wong, ” Jeffrey Ngo, “ Walz, ” Ngo, ” Shen Yi, “ We’re, ” Stephen Roach, Morgan Stanley Asia, Harris, Eric Fish, Hong Kong's, Joshua Wang, George H, Bush, Bush’s, there’s, Liu, “ Harris, China ”, –, Xi Jinping, “ Heh, I’ve, they’re Organizations: Hong Kong CNN, Democratic, United States ’, Republican, Communist Party, Star, Herald, CNN, Harvard University, Paramount, America, “, of, People, Associated, Congressional, Commission, City University of Hong, Hong, Hong Kong Human Rights, Democracy, White Locations: Hong Kong, China, Beijing, Minnesota, Tiananmen, Nebraska, Shanghai, Foshan, Guangdong, America, Congress, City University of Hong Kong, Tibet, Dalai, Washington, “, South China, Weibo

The Federal Reserve is gearing up to cut interest rates as soon as next month, which could bring relief to people with mortgages, credit cards and car loans. Certificates of deposit — fixed-rate bank accounts with term limits — are a go-to when interest rates are high. With interest rates coming down, the idea is just pay and save as much as you can right now. There’s no bad time to do that, but when the central bank lowers interest rates, it can be even more valuable. “It’s tempting to say, ‘Well, when interest rates go down, stocks are going to do well, because people are switching from low-return to higher-return assets,’” she said.

Persons: Mark Hamrick, “, ”, Hamrick, Rodney Lake, Laura Veldkamp, Veldkamp, Jude Boudreaux, now’s, ” Jude Boudreaux, you’re, ” Boudreaux, ” DON’T, Jonathan Smoke, Cox, Edmunds, Ivan Drury Organizations: Federal, GW Investment, George Washington University School of Business, Columbia University’s Graduate School of Business, Chipping, Columbia Business, Philadelphia Fed, Federal Reserve, Mortgage, Association, Fed Locations: U.S, Orleans, New Orleans, Edmunds

☆ Dollar gains after U.S. jobless claims fall more than expected
▼ + stars: | 2024-08-08 | by ( ) www.cnbc.com time to read: +4 min

Japanese yen banknotes of various denominations are arranged in Kawasaki, Japan, on Friday, June 23, 2023. The dollar rose on Thursday after new U.S. labor market data showed that unemployment benefits fell more than expected last week, easing fears of an imminent recession. Initial jobless claims fell to a seasonally adjusted 233,000 for the week ended Aug. 3, the Labor Department said on Thursday, suggesting fears that the labor market is unraveling were overblown. The sharp moves in the yen pushed the dollar index, which measures the U.S. currency against six others, including the yen, to a weekly high, before backing off. The Australian dollar rose 1.12% to $0.659, while the New Zealand dollar was up 0.25% at $0.601.

Persons: Shinichi Uchida, Eugene Epstein, Uchida, Marc Chandler, Jerome Powell, Vasu Menon, bitcoin, Ether Organizations: Labor Department, Bank of Japan's, Bannockburn Global Forex, U.S . Federal, Swiss, New Zealand Locations: Kawasaki, Japan, North America, Moneycorp, ., Bannockburn

☆ Lyft just upped the ante in its battle against Uber by taking aim at surge pricing
▼ + stars: | 2024-08-08 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Lyft calls surge pricing "Primetime," and CEO David Risher admitted on an earnings call on Wednesday that it has a bad reputation among customers. While surge pricing isn't ending, Risher said Price Lock "can chip away at how often it occurs" and give riders "a reason to choose Lyft." Related storiesAn Uber spokesperson did not immediately respond to Business Insider's request for comment on Price Lock. Rideshare apps like Uber and Lyft are some of the most visible examples of what the retail industry calls "dynamic pricing." AdvertisementBut surge pricing has since become a common part of using rideshare services.

Persons: —, Uber, David Risher, Risher, Price, They're, Dara Khosrowshahi Organizations: Service, Business, Companies, Walmart, Reuters

☆ Lyft is pulling back on 'rideshare's most hated feature.' But it's the way of the future for many big companies.
▼ + stars: | 2024-08-08 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Read previewPeople hate surge pricing — and Lyft says it hears them. The feature would compete with Uber by giving customers some certainty ahead of time as to how much they'll pay for a ride; Risher said surge pricing is "probably rideshare's most hated feature." Economists have told Business Insider that as algorithms get better and more retails adopt easily-changed digital price tags, customers could start seeing it in even more places. Elizabeth Warren and Bob Casey also launched an investigation into Kroger's price tags over their potential to surge prices. But when looking at technological innovations at other big companies to make it easier to change prices, stable pricing likely won't come anytime soon.

Persons: —, Lyft, David Risher, Price, Risher, Elizabeth Pancotti, Democratic Sens, Elizabeth Warren, Bob Casey, it'll Organizations: Service, Business, Uber, Walmart, Kroger, Roosevelt Institute, Democratic, Cincinnati Enquirer

☆ I moved to Thailand for graduate school. The free degree I earned isn't recognized in the US, but it inspired my side business.
▼ + stars: | 2024-08-07 | by ( Erin Liam | ) www.businessinsider.com time to read: +6 min

Read previewThis as-told-to essay is based on a conversation with Charissa Enget, a content creator and cybersecurity architect who gained her graduate degree in Thailand. So, after I graduated with a mechanical engineering degree from Oklahoma State University in 2017 and was trying to decide where to go for a graduate degree, I thought it could be the perfect opportunity. Charissa EngetThe university experience was different from what I was used toIn my Thai university, they were taught engineering from the ground up. Charissa EngetWithout a scholarship, the graduate program would have still been more affordable than pursuing a graduate degree in the US. I've moved back to the US but travel back to Thailand oftenAfter completing my graduate degree in 2020, I returned to the US.

Persons: —, Charissa Enget, Enget, Charissa, Kasetsart, I've, Chiang Organizations: Service, Business, Oklahoma State University, Kasetsart University, Thai Locations: Thailand, China, Venezuela, Spain, New Zealand, Thai, Bangkok, American, Chiang Mai, Houston

☆ Simone Biles makes her mental health a priority. You can, too
▼ + stars: | 2024-08-07 | by ( Charlotte Maya | Personal Essay | ) edition.cnn.com time to read: +6 min

Editor’s note: If you or someone you know is struggling with mental health, help is available. But what I really admire is her commitment to keeping her mental health in the limelight right alongside her gymnastics accomplishments. I learned to prioritize the trifecta of mental health: eating, sleeping, breathing. It also normalizes prioritizing our mental health, reducing the stigma, shame and isolation that surround mental illness. Your mental health is where health begins, and you deserve to take care of your mental health as much as Biles or any other Olympic athlete.

Persons: CNN — Simone Biles, Biles, Healing, I’m, Simone Biles, Hannah McKay, Michael Phelps, Charlotte Maya Organizations: CNN, Paris, Reuters, The New York Times Locations: Bath, The

☆ Markets are counting on the Fed to head off recession with sizeable interest rate cuts
▼ + stars: | 2024-08-06 | by ( Jeff Cox | Jeff Cox Is A Finance Editor With Cnbc.Com Where He Covers All Aspects Of The Markets | Monitors Coverage Of The Financial Markets | ) www.nbcnews.com time to read: +5 min

Disappointing economic data recently generated worries that the Fed missed an opportunity at its meeting last week to, if not cut rates outright, send a clearer signal that easing is on the way. In the past, the Fed has implemented just nine such cuts, and all have come amid extreme duress, according to Bank of America. Lacking a catalyst for an intermeeting cut, the Fed is nonetheless expected to cut rates almost as swiftly as it hiked from March 2022-July 2023. Why wait?”LaVorgna, though, isn’t convinced the Fed is in a life-or-death battle against recession. Still, any quakes in the data, such as Friday’s downside surprise to the nonfarm payrolls numbers, could ignite recession talk quickly.

Persons: Jerome Powell, ” Steven Blitz, ”, Andrew Hollenhorst, ‘, ’ ”, Michael Gapen, Powell, Joseph LaVorgna, “, “ They’ll, isn’t, Goldman Sachs, David Rosenberg Organizations: Federal Reserve, TS Lombard, Fed, Citigroup, Bank of America, Nikko Securities, Rosenberg Research Locations: Jackson Hole , Wyoming, Nikko

☆ Harris set to name running mate as global turmoil rocks an already surreal campaign
▼ + stars: | 2024-08-06 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

In the final hours of her search after a compressed vetting period, Harris narrowed in on two candidates — Pennsylvania Gov. Tim Walz, 60, sources told CNN, although Arizona Sen. Mark Kelly remained in the running as of Monday afternoon. But perception is often as important as reality in a presidential race. A critical choiceThe choice of a running mate is the first, most critical decision a party nominee makes. Still, Harris’ strong start appears to have restored the election to a neck-and-neck race, according to recent surveys.

Persons: Kamala Harris, Donald Trump flailing, Harris, Joe Biden’s, Josh Shapiro, Tim Walz, Arizona Sen, Mark Kelly, Shapiro, Walz, Trump, Biden, Harris ’, White, Barack Obama, Republican John McCain, Ismail Haniyeh, Israel’s, Benjamin Netanyahu, Jake Auchincloss, “, CNN’s Kasie Hunt, Harris Trump, Kamala, ”, it’s, Ohio Sen, JD Vance, Sarah Palin, —, don’t Organizations: CNN, Republican, Minnesota Gov, Democratic, Trump, Dow Jones, US, Federal Reserve, Biden, United States ., Israeli, Massachusetts Democrat, Ohio, Democratic National Convention, White Locations: Philadelphia, Arizona, Wisconsin, Michigan, Israel, United States, Iraq, Iran, Tehran, Gaza, Massachusetts, Chicago, Atlanta, Pennsylvania

☆ The hot trend for billionaire donors: paying for medical-school tuition
▼ + stars: | 2024-08-06 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

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 . AdvertisementGiving future doctors a free ride to medical school is shaping up to be a trend across the billionaire-donor circuit. On Tuesday, Bloomberg Philanthropies pledged $600 million to four historically Black medical schools to address "health disparities and underrepresentation in the medical field," its founder, Michael Bloomberg, said in a statement.

Persons: Bloomberg Philanthropies, —, Michael Bloomberg, Charles R Organizations: Bloomberg, Service, Howard University College of Medicine, Meharry Medical College, Morehouse School of Medicine, Drew University of Medicine & Science, Business

☆ I'm an American mom living in Germany. The Snoo, nanny shares, and stroller wagons are not very popular here.
▼ + stars: | 2024-08-06 | by ( Naomi Kaye Honova | ) www.businessinsider.com time to read: +5 min

Many American parents are used to utilizing a variety of parenting strategies and baby items in their everyday lives. The primary reason for this has to do with finances and parental leave. Day care or a private nanny can be very pricey, so a nanny share can help cut down on costs for some families. In Germany, both group day care and home day care providers are subsidized by the state; in some areas of Germany, day care is free of charge. But in Germany, due to lengthier parental leave, most kids start day care around age 1.

Persons: I've, Ferber, Nanny Organizations: Service, tote, American Locations: Germany, American

☆ 5 reasons why Uber is on the up
▼ + stars: | 2024-08-06 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

After years of massive losses, Uber is finally making money. Uber partly owes its recent hot streak to increased demand for its ride-hailing and delivery services. Go to newsletter preferences Thanks for signing up! AdvertisementAfter years of massive losses and huge spending, Uber is now making a habit of turning a profit. This comes after Uber announced its first-ever annual operating profit of $1.1 billion for 2023 in February.

Persons: Uber, — Organizations: Service

☆ Global Stock Market Chaos
▼ + stars: | 2024-08-06 | by ( Ben Casselman | ) www.nytimes.com time to read: +1 min

Markets around the globe fell sharply; the S&P 500 index was down 3 percent. Stock markets are fickle, and their movements can’t tell you much about the health of the economy. But yesterday’s tumult reflects an underlying reality: The job market is cooling. Now, the unemployment rate, at 4.3 percent, is basically back to normal. By April 2020, the unemployment rate — which had been at a five-decade low of 3.5 percent — jumped to nearly 15 percent.

Persons: Covid Organizations: Stock

☆ Uber, Lyft and the gig economy think they've found a way to win the national labor war
▼ + stars: | 2024-08-06 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +10 min

While only applicable in California, labor law experts expect momentum to spread to other states where the issue hasn't yet been tested. 22 went into effect, more than 80% of California drivers surveyed said that it has been good for them. In other high-population states, there has been a wave of recent actions and compromises between the companies and the states. In November, New York announced two settlements totaling $328 million with Uber and Lyft to resolve multi-year investigations. The state had been seeking a court determination that Uber and Lyft drivers are employees, not independent contractors.

Persons: Caroline Donelan, Uber, Brazil —, Gary McLaughlin, Mitchell Silberberg, Lyft, there's, James Yukevich, Yukevich Cavanaugh, it's, Tony West, Kamala Harris, general's, Michael M, Baylson, Donelan, Massachusetts Uber, Verrett, John Wicker, Stradling Yocca Carlson, There's, Gregory P, Feit, Reavis Organizations: California Supreme, Blank, Employees, New York, Pew Research, Washington Post, Democratic Party, Transportation Network Companies, federal, Labor, Union, United, 32BJ SEIU, Service Employees International Union, International Association of Machinists, SEIU, Rauth Locations: California's, U.S, California, New, New York State, Massachusetts, Australia, Brazil, Washington, New York , Massachusetts, Pennsylvania, Minnesota, Florida, Minneapolis, In Massachusetts

☆ Stocks making the biggest moves midday: Kenvue, Caterpillar, Uber, CrowdStrike and more
▼ + stars: | 2024-08-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Check out the companies making the biggest moves midday: Kenvue — The maker of Band-Aid bandages rallied 14% after beating analysts' estimates for its second quarter. Kenvue, which spun off from Johnson & Johnson last year, posted adjusted earnings of 32 cents per share, versus the 28 cents expected from analysts polled by FactSet. Palantir now anticipates revenue between $2.742 billion and $2.750 billion, up from its previous guidance of $2.68 billion to $2.69 billion. Caterpillar's adjusted earnings totaled $5.99 per share in the second quarter, beating the $5.55 per share estimate from analysts polled by FactSet. CrowdStrike — Shares rose 3% after Piper Sandler upgraded CrowdStrike to overweight from neutral, saying the dip in the cybersecurity stock following the global tech outage is a buying opportunity.

Persons: Johnson, FactSet, Taco Bell, ZoomInfo, LSEG, Lucid, BioMarin, CrowdStrike, Piper Sandler, —, Sarah Min, Sean Conlon, Yun Li, Jesse Pound Organizations: Johnson, FactSet, Revenue, Caterpillar, Lumen Technologies, Molson Coors Beverage —, Technologies, LSEG, Taco, CSX —, CSX, BioMarin Pharmaceutical Locations: China, Shanghai

☆ These fortress stocks can protect investors' portfolios as volatility rips through Wall Street
▼ + stars: | 2024-08-06 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Monday's global markets sell-off saw Wall Street's "fear gauge" spike to its highest level since 2020, but there are a few stocks that may help investors stabilize their portfolios in these volatile times. Coterra has a beta of 0.23, the lowest on the list of stocks assembled for this screen. While the company's second-quarter adjusted earnings missed Wall Street's estimates, Coterra's production for the period came in ahead of analysts' expectations. Coterra shares also offer investors income, paying a dividend yield of 3.4%. Major Wall Street firms said a recent pullback in shares — which are off 4% in the past week — presented a buying opportunity for investors.

Persons: Coterra, — Organizations: Dow Jones, CNBC Pro, CNBC, Energy, Microsoft, LSEG, Wall, Deere, Omnicom Locations: U.S

☆ Jim Cramer touts Caterpillar's quarter — plus, his thoughts on 4 more stocks
▼ + stars: | 2024-08-06 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +1 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Caterpillar : The industrial giant's second-quarter results beat Wall Street estimates on the top and bottom lines. While the stock has been in both positive and negative territory Tuesday, Jim Cramer said, "I happen to like the quarter." Uber : Shares jumped more than 8% after the ride-hailing provider reported stronger-than-expected quarterly results. Kenvue : The maker of Listerine and Tylenol reported quarterly sales and per-share profits ahead of Wall Street expectations.

Persons: Jim Cramer's, Jim Cramer, Piper Sandler, Delta, Cramer, Jim, Dara Khosrowshahi Organizations: CNBC, Club, Caterpillar, Wall Locations: U.S

But with major names headlining the 2024 event, tickets for the Ohana Festival are selling out fast. Here's what fans need to know to buy Ohana Festival tickets. Ohana Festival 2024 festival scheduleThe Ohana Festival is a three-day event held September 27 to 29 at Doheny State Beach. How to buy tickets for Ohana Festival 2024While original three-day and Sunday passes are sold out, the festival still has limited general admission single-day passes for Friday and Saturday. How much are Ohana Festival tickets?

Persons: Pearl, Sting, Pearl Jam, Neil Young, Garbage, Alanis Morissette, Devo, Marren Morris, Maren Morris, Ryan Beatty, Jaime Wyatt, Linka Moja, Jenny Lewis, Glen Hansard, Power, Joe Wong, Goldie Boutilier, Jam, Peter Cat, Kim Gordon, LA, Jesus, John Cruz Organizations: Business, Beach Boys, Sting, Doheny, Pearl, Crowded, Black Pumas, Breeders Locations: Doheny, Dana Point , California, Beach, Dogstar, Black, LA LOM, Santa

☆ Stocks making the biggest moves premarket: Palantir, Caterpillar, Yum China, CrowdStrike and more
▼ + stars: | 2024-08-06 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines before the bell: Palantir Technologies — The data analytics company rallied 11% after raising its full-year revenue forecast. Yum China — Shares surged 8% after the Shanghai-based operator behind Pizza Hut and Taco Bell posted second-quarter earnings that beat expectations. Adjusted earnings of 55 cents per share topped the 47 cents per share anticipated by analysts surveyed by LSEG. Earnings came in at 47 cents per share, topping the 31 cents expected from analysts polled by LSEG. CSX reported earnings of 49 cents per share in the second quarter, above the 48 cents anticipated by analysts in an LSEG survey.

Persons: Taco Bell, Piper Sandler, ZoomInfo, LSEG, Lucid, — CNBC's Michelle Fox, Fred Imbert, Jesse Pound Organizations: Technologies, Taco, LSEG, Revenue, Caterpillar, Nvidia, Micro Computer, Broadcom, Intel, CSX Locations: China, Shanghai

☆ UK riots: Rotherham residents despair after riot at hotel housing asylum seekers
▼ + stars: | 2024-08-06 | by ( Christian Edwards | ) edition.cnn.com time to read: +12 min

Ninzr said he had lived in the Rotherham hotel since he arrived, but was at another processing center when the riot broke out. Several passers-by referenced unfounded rumors that hotel residents have abused local women. CNN asked South Yorkshire police if they have received complaints about the behavior of the hotel residents, but have not yet received a response. With more demonstrations planned for this week, do the residents near the Rotherham hotel fear more violence? “After seeing our community come out today, no,” said the man who lived through the London riots.

Persons: “, ”, –, Keir Starmer, Starmer, ’, Conservative government’s, Ninzr, Danny Lawson, I’ve, Rachel Reeves, They’ve, they’ve, They’d, they’re, she’d, “ I’ve, Elliott Nuttall, ‘, you’re, CNN Ibrar, Javid, Henry Nicholls Organizations: Rotherham, England CNN, CNN, Reuters, AFP, Conservative, South, South Yorkshire police, Facebook, Stringer, National, Mosque, Downing, Southport, Police, Labour, PA Media Locations: England, Rotherham, British, London, Southport, Afghanistan, Herod, France, Rwanda, Birmingham, Rotherham , South Yorkshire, South Yorkshire, Sheffield

☆ 'Don't panic' amid stock market volatility, advisor says. Here's why staying invested pays off
▼ + stars: | 2024-08-05 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Westend61 | Getty ImagesLoading chart...Panic selling can 'crater your portfolio'Some investors are prone to panic selling during periods of volatility and then often miss the stock market recovery with cash sitting on the sidelines, research shows. "The roller-coaster ride back up happens just as quickly," and missing recovery days "can crater your portfolio," said Baker, who is also a member of CNBC's Financial Advisor Council. To that point, missing the 20 best days in the stock market from Jan. 1, 2003, to Dec. 30, 2022, would have cut your total portfolio returns by more than half, according to J.P. Morgan. Ultimately, staying invested pays off long-term because "it's a loser's game" to try to time the market, Baker said. Your existing cash reserves, for example, can cover emergencies or provide funds to "take advantage of opportunities," he said.

Persons: Baker, Morgan, Douglas Boneparth Organizations: CNBC's, Bone Locations: New York

Chase Sapphire Reserve® OverviewThe Chase Sapphire Reserve® is one of the best travel rewards credit cards of all time. Chase Sapphire Lounges will be available to Chase Sapphire Reserve® cardholders and all Priority Pass members. Chase Sapphire Reserve® vs. Chase Sapphire Preferred® CardIf you're trying to decide between the Chase Sapphire Reserve® and Chase Sapphire Preferred® Card, you'll want to decide if each card's annual fee is justified based on your travel and spending habits. Chase Sapphire Reserve® Cardholder InsightsAs part of our analysis of the Chase Sapphire Reserve®, we've considered discussions across various forums, including notable mentions on Reddit and FlyerTalk. Chase Sapphire Reserve® Frequently Asked QuestionsWhat credit score do you need to get the Chase Sapphire Reserve®?

Persons: Chase, Chase Travel ℠, you'll, Sapphire, John F, Chase Sapphire, You'll, Uber Cash, we've, you'd, you've, they'll, David E, David, —, Read, Katherine Fan, Katherine, Guy, Fortune, Katherine moonlights, she's, She's, Angela Fung Organizations: Business, American, Chase, Chase Travel, Sapphire, Chase Sapphire, TSA, FDIC, Chase Dining, American Express, Hong Kong International Airport, New, Kennedy, LaGuardia, Rental Insurance, Avis, Avis , National, Emergency, Transportation, Sapphire Reserve, Reserve, Capital, Venture, Centurion, overpaying, Yorker, Muhlenberg College, University of Edinburgh, Twitter, Finance, Cards, CNN, Forbes, Wall, Dallas Morning News, Newsweek, Nasdaq, MSN, Yahoo, SXSW, Austin American, Statesman, University of Texas, National Taiwan University Locations: DoorDash, airfare, Boston, Austin, Canada, Avis ,, Seattle, Redbird, Los Angeles, Healdsburg , California, New York City, Chicago, Reddit, Dallas , Denver, Dulles, Las Vegas, New York, Hong Kong, Chevron, There's, Slotnick, Scotland, orcas, Antarctica, Japan, New Zealand, South Africa, Taiwan

However, because likely fewer people are willing to make the initial $550 investment in the Chase Sapphire Reserve, we'll crown the Sapphire Preferred Card in this category. Winner: Sapphire Preferred Card and Chase Sapphire ReserveTravel benefits and protectionsThe biggest difference between the Sapphire Preferred Card and the Chase Sapphire Reserve are the ongoing benefits. But as you can see, the Chase Sapphire Reserve trounces the Sapphire Preferred Card in a few categories. Winner: Chase Sapphire ReserveBonus points on Lyft ridesThrough March 2025, the Chase Sapphire Reserve offers 10x points on Lyft rides — a great return on spending — while the Sapphire Preferred Card offers 5x points. Chase Sapphire Preferred vs. Sapphire Reserve frequently asked questionsHow do the annual fees for the Chase Sapphire Preferred and Sapphire Reserve compare?

Persons: Chase, you've, Chase Travel ℠, there's, we'll, you'll, Sarah Silbert, Sarah, verticals, Guy Organizations: Chase Sapphire, Chase, Sapphire, Chase Travel, Hotel, FDIC, TSA, Target, Walmart, Chase Sapphire Reserve, Chase Dining, cardholders, Business, Reserve Elite, Sapphire Reserve, Southwest Airlines, United Airlines, Marriott, Hyatt, Finance, TPG, Engadget, Laptop Magazine, York, Banking Insurance, Sarah Lawrence College Locations: —, Chase, Chevron

☆ Ron Insana: Fed should reassure market it's ready to act, as this resembles late '90s foreign markets crises
▼ + stars: | 2024-08-05 | by ( Ron Insana | ) www.cnbc.com time to read: +3 min

First, when everything is being sold – and just about everything is being sold on Monday – someone is in big trouble. The spillover effect – exacerbated by a Federal Reserve reluctant to cut interest rates even as inflation cools – has put all assets on sale. This suggests that fears of a financial market problem are greater than those of a widening Middle East war. Should the situation become more tumultuous, the Fed could be forced into cutting interest rates between meetings. Indeed, when the Fed responded to the 1998 event by cutting interest rates , stocks went on a tear before topping out in 2000.

Persons: I've, Michael Gayed, Cashin, It's, Stanley Druckenmiller, Japan —, Ron Insana Organizations: Federal Reserve, Nikkei, UBS, Term Capital Management, CNBC Locations: Japan, Israel, Iran

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