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☆ A former ballerina killed her husband. Was her trial testimony just another performance?
▼ + stars: | 2024-11-15 | by ( Tim Stelloh | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +8 min

Ashley Benefield. At the time, Ashley testified, she was preparing to move with her mother to an inherited home in Maryland. After an argument, Ashley testified, Doug struck her in the face and refused to leave when she asked him to. Speaking from the well of the courtroom, Ashley testified that she raised her weapon and told Doug to stop. But after a roughly two-minute re-enactment, she told Ashley — who appeared to be sobbing — to have a seat.

Persons: Ashley Benefield, —, Doug Benefield, Suzanne O’Donnell, Dateline ”, Benefield, Ashley, Doug, O’Donnell, “, ” O’Donnell, ”, Neil Taylor, Taylor, Jim Chatwin, Doug —, ” Ashley, Doug lunged, Ashley —, Rebecca Freel, puffy, ” Freel, Barbara Russell, Russell, ” Russell Organizations: Judicial, Dateline, “ Dateline, ”, NBC News Locations: Tampa, South Carolina, Florida, Maryland

☆ A Ukrainian brigade armed with French tanks, artillery, and heavy weaponry is about to enter the fight
▼ + stars: | 2024-11-15 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

"Now they are able to fight, they are able to maneuver," a French colonel said. AdvertisementA Ukrainian brigade made up of thousands of soldiers trained in France and armed with French-supplied tanks, artillery, and heavy weaponry is about to enter the fight against Russia. It will also have 18 AMX 10 light tanks, 18 truck-mounted Caesar artillery pieces, 128 armored troop carriers, as well as anti-tank and antiaircraft missile systems, the French military said. The Ukrainian military is also training other troops for the brigade back in Ukraine, according to French authorities. The new Ukrainian brigade will enter the war at a critical time.

Persons: —, Anne, France —, Caesar, Ukraine's, Donald Trump Organizations: Service, Russia, Associated Press, Western, White, Trump Locations: France, Russia, French, Champagne, Ukraine, Kyiv, Ukrainian, Kursk, Europe

Carpenter and Roan are favored for nominations in the best new artist category. Two of the industry's most prolific artists — Taylor Swift and Beyoncé — are expected to snag nominations this year again. She also could be nominated in the best country album category after she was shut out of the Country Music Awards this year. Post Malone, who released his first country album this year, could also get nods in the country music categories. Fans also expect nominations in the album of the year and pop genre categories for Charli XCX, whose album “Brat” inspired some of the biggest trends of the year.

Persons: Sabrina Carpenter, Chappell Roan, Carpenter, Roan, — Taylor Swift, Swift, Beyoncé, Post Malone, XCX, ”, Kendrick Lamar, Drake, “, Harry Belafonte, recategorized, Belafonte Organizations: Recording Academy, Poets Department, Country, CBS Locations: urbana

☆ After their son came out as gay, these conservative Christian parents went into a closet of their own
▼ + stars: | 2024-11-03 | by ( John Blake | ) edition.cnn.com time to read: +37 min

But that’s not what happened to Greg Jr. That’s what happened to his parents, Greg Sr. and Lynn McDonald. One of them is a portrait of their son, Greg Jr., around the time his parents confronted him about his secret. An undated family photo shows Greg Jr., Greg Sr., Lynn and Connie McDonald. Courtesy Greg Sr. and Lynn McDonaldEven so, Greg Jr. learned to be quiet and blend in. They didn’t know how to answer this question: Can you still love God, the Bible and your gay son?

Persons: Greg McDonald Jr, “, you’re, ” Greg Jr, Betsy, Greg Jr, he’d, He’d, ”, that’s, Greg Sr, Lynn McDonald, Greg, ’, Austin Steele, ” Rob Bell’s, Charles Swindoll’s “, Ali Forney, –, PFLAG –, Lynn, ‘, McDonald, Hodges, Jon Cherry, Kahlib Barton, Barton, they’re, ” Barton, Connie, Grace ’, ” Greg Sr, He’ll, Connie McDonald, ” Lynn, James Dobson, ” Dobson, Jeff Fusco, ” Lynn McDonald, Abraham, Isaac, “ Wanna, Karen, David Gushee, ethicists, Gushee, ” Gushee, Gushee’s, Jesus, —, Lynn’s, ’ ’ ’ Lynn, David Quinones, Quinones, Deb, Josh, ” Quinones, David Quinones Quinones, ” David Quinones, Andy Stanley, Stanley, Sterling Graves, Albert Mohler, podcaster, Mohler, ” “, ” Mohler, Dominic Gwinn, ” Stanley, Andy, “ Greg Jr, ” Greg McDonald, ‘ We’re, Greg McDonald, They’ve, Patrick Potulski, Potulski, ” Potulski, Standing, he’s Greg Jr, Jon, doesn’t, John Blake Organizations: CNN, McDonalds, Christian, Ali, Supreme, Kentucky State Capitol, DePaul University in, DePaul, Fashion Institute of Technology, ”, Episcopal, North Point Community Church, North, “, Southern Baptist Theological Seminary, National Conservative Conference, Washington D.C, McDonald Locations: Grand Rapids , Michigan, America, Chattahoochee, Atlanta, Christian, Frankfort , Kentucky, DePaul University in Chicago, Philadelphia, Chicago, New York City, Duluth , Georgia, New Zealand, Georgia, North Point, Atlanta ., North, Washington, AFP, England, South Africa, Australia, Ethiopia, Poland

☆ Yen under pressure as BOJ keeps rates steady
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: +4 min

Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. The yen remained under pressure on Thursday as the Bank of Japan kept ultra-low interest rates steady, while the U.S. dollar consolidated ahead of jobs data later this week and the U.S. presidential election next week. The BOJ kept interest rates steady on Thursday and roughly maintained its forecast that inflation will hover near its 2% inflation target in coming years, signaling its readiness to continue rolling back its massive monetary stimulus. Analysts are divided over the prospect of additional interest rate hikes by year-end, putting the focus on BOJ Governor Kazuo Ueda's post-meeting briefing for clues on the pace and timing of further increases. "Any strengthening of the yen at present would likely result from a general weakening of the U.S. dollar if interest rates begin to align," said Sean Teo, a sales trader at Saxo.

Persons: Yen, Kazuo Ueda's, Sean Teo, payrolls, Donald Trump, Kamala Harris, Sterling Organizations: Bank of Japan, U.S ., U.S, Treasury, Saxo, National Statistics, PMI, Westpac, European Central Bank, Australian, Analysts, New Zealand Locations: China, U.S

☆ Eli Lilly shares could be set for a big move if the Zepbound maker adds to its winning streak
▼ + stars: | 2024-10-29 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +6 min

Revenue from obesity treatment Zepbound is forecast to climb to $1.73 billion from $1.24 billion quarter over quarter. For the year, analysts expect Mounjaro sales to reach $4.58 billion, while Zepbound revenue is seen rising to $5.88 billion. The consensus view for combined sales of both drugs now stands at $30.19 billion, according to FactSet. Other key announcements A clinical trial is in progress that pits Zepbound against Novo Nordisk's Wegovy in obesity treatment. Beyond obesity, Lilly has begun treating patients with Kisunla, its Alzheimer's disease treatment.

Persons: Eli Lilly, Lilly, Seamus Fernandez, Morgan Stanley, Terence Flynn, David Risinger, Morgan Stanley's Flynn, Mounjaro, Cantor, Louise Chen, —, Fred Imbert Organizations: Investment, Food, Leerink, Novo Nordisk's, FDA, Kisunla Locations: U.S

☆ A traveler who's been to 35 national parks shares her top 5 for fall leaf-peeping
▼ + stars: | 2024-10-28 | by ( Priyanka Rajput | ) www.businessinsider.com time to read: +2 min

Alexandra Blodgett has been to 35 national parks in the US. She prefers parks with stunning views and epic hikes but also loves leaf-peeping in the fall. She thinks North Cascades National Park in Washington is an underrated fall foliage site. Visiting national parks to see the season's colors, or "leaf peep," is a popular pastime and gives a major boost to some states' economies. Here are her five favorite national parks to visit in fall.

Persons: Alexandra Blodgett, —, We're, She's, Blodgett Organizations: Service, Appalachian State University Locations: Washington

☆ Ukraine needs F-16s now, but this rugged jet made for the Russia threat could be the better choice for its future fighter fleet
▼ + stars: | 2024-10-25 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +8 min

Ukraine needs its F-16s, but it should get Gripen jets to help fight Russia long-term, experts said. A Ukrainian Air Force F-16 fighter jet flies in an undisclosed location in Ukraine on August 4. A Ukrainian air force F-16 fighter jet flies in an undisclosed location in Ukraine on August 4. Three Swedish Saab JAS-39 Gripen fighter jets escort a B-52H Stratofortress in flight. AdvertisementUkrainian President Volodymyr Zelenskyi in front of the first F-16 fighter jets received by Ukraine.

Persons: —, Michael Bohnert, They're, Bohnert, Gordon, Skip, Davis, You'll, Swedish Saab JAS, Corban Lundborg, Mats Helgesson, Sukhois, Oleg V, AirTeamImages Gordon, they're, Saab JAS, PATRICK TRAGARDH, Lloyd Austin, Volodymyr Zelenskyi, Vitalii, Tim Robinson Organizations: Gripen, Service, RAND Corporation, Saab AB, Ukrainian Air Force, AP, US Army, Defense Investment Division, Russia, Royal United Services Institute, NATO, Swedish Saab, Tech, US Air Force, Sweden's Saab Gripen, Swedish Gripen, Saab, Getty, Defense, UK's Royal Aeronautical Society Locations: Ukraine, Russia, Swedish, Sweden, Europe, Germany, Ukrainian, Russia Sweden, AFP

☆ Russia's military still has dangerous combat forces 'barely touched' by the Ukraine war, top US general in Europe warns
▼ + stars: | 2024-10-23 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

But a top US general warns Moscow still has dangerous forces that haven't been affected by the war. AdvertisementRussia has suffered significant losses in Ukraine, but its military still has dangerous combat forces available that have barely been affected by the conflict, the top US general in Europe warned this week. Cavoli said during the Atlantic Council interview that while Russia's ground forces had suffered severe losses fighting in Ukraine, Moscow had taken notable strides to build them back up. "Now, there's some quality problems, and some of the equipment may not be the newest, but that again is localized to the ground forces," he said. "Russia has a plan to reconstitute that ground force and to deploy it, again, on the borders of NATO."

Persons: haven't, —, it's, Christopher Cavoli, Cavoli, Vladimir Putin, they've Organizations: Service, European Command, Atlantic Council, Cavoli, NATO, Russian Defense Ministry Press Service, AP Locations: Russia, Ukraine, Moscow, Europe, Russian, Baltic, China, Alaska

There's a common belief that lower borrowing costs benefit so-called growth stocks, as they're often capital-intensive. "History also suggests value should outperform growth, at least over the six months following the first rate cut," he said. If the economic situation becomes a "hard-landing," however, he said that growth stocks could outperform. If it normalizes (i.e., becomes more upward sloping), value should outperform growth," he said, referring to a situation where short-term rates are lower than long-term rates. "Lower multiple value stocks have greater upside and less risk than the pricier 'glamor growth' group for the foreseeable future," Ball said.

Persons: Adam Turnquist, Savita Subramanian, CNBC's, we've, Janjigian, Vanguard Russell, Venu Krishna, George Ball, Sanders Morris, Ball Organizations: U.S, Tech, CNBC Pro, LPL, BofA Securities, Greenwich Wealth Management, Vanguard, Index, Barclays, Krishna, Presidential Locations: U.S . Federal

☆ Zelenskyy sets out 'victory plan' as Ukraine faces precarious moment
▼ + stars: | 2024-10-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +5 min

President Volodymyr Zelenskyy unveiled his much anticipated “victory plan” on Wednesday, calling on his allies to take urgent steps to bolster Kyiv at a precarious moment in a bid to end the war with Russia next year. His plan proposed establishing a “comprehensive non-nuclear strategic deterrence package” inside Ukraine to protect against threats from Russia and to destroy its military power. Zelenskyy said it was imperative Kyiv’s partners remained united. “If we start moving on this victory plan now, we may be able to end the war by next year at the latest,” he said. Zelenskyy said he would travel to a summit of European Union leaders in Brussels on Thursday to present his plan.

Persons: Volodymyr Zelenskyy, Putin, ”, Zelenskyy, Kyiv’s, Roman Pilipey, Donald Trump, Joe Biden, Honcharenko, —, “ Organizations: Kyiv, NATO, 24th Mechanized Brigade, Ukrainian Armed Forces, AFP, Getty, North, Republican, Union, Storm Locations: Russia, U.S, Europe, Donetsk, Ukraine, Pokrovsk, AFP, West, Iran, Moscow, Russian, United States, Russia’s Kursk, Brussels, Washington, Britain, France, Italy, Germany, Kurakhove, Roman

☆ Elon Musk’s empire of misinformation
▼ + stars: | 2024-10-15 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

New York CNN —At any Tesla event, you have to go in expecting a good amount of smoke and mirrors. This is the company run by Elon Musk, after all — its self-anointed Technoking who’s made overpromising and underdelivering a theme of his career. ICYMI: The robotaxis, Tesla’s fully driverless vehicles that it hopes to put into service next year, were the main event. But Musk’s reality distortion field is something else entirely — hardly limited to overly optimistic timetables or pie-in-the-sky projections for Tesla’s delivery schedule. In a twist, though, X dropped Unilever from the lawsuit on Friday.

Persons: CNN Business ’, Elon Musk, Technoking who’s, Tesla, ” Gordon Johnson, ” Morgan Stanley, Adam Jonas, they’re, Steve Jobs, Donald Trump, ”, Craig Fugate, X Organizations: CNN Business, New York CNN, Elon, Bloomberg, “, Apple, National Guard, FEMA, Washington Post, CNN, NBC, ” Unilever, ”, Unilever Locations: New York, Carolina

☆ What happened Friday hasn't happened in ages. It bodes well for earnings
▼ + stars: | 2024-10-13 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

Getting ready for the "two problematic stories," Wells Fargo and JPMorgan , which came later in the morning, took some real digging. ET – Wells Fargo shares turned and started inching up. With what you saw in Wells Fargo and JP Morgan on Friday. Think like this: When the psychology of the market changes, people don't want to bang out of Wells Fargo, they want to get in. But there is no doubt that Wells Fargo at 11 times forward earnings now seems a little silly given that the background is so positive.

Persons: Larry Fink, Wells, Wells Fargo, Charlie Scharf, Jamie Dimon, Jeff Marks, JP Morgan, Scharf, It's, Warren Buffett, Morgan Stanley, Eli Lilly, haven't, Jim Cramer's, Jim Cramer, Jim, Squawk, Virginia Sherwood Organizations: BlackRock, JPMorgan, Wall, Club, Wells Fargo, Elon, SpaceX, Federal, New York Stock Exchange, Fed, Bank of America, Boston, Walmart, Costco, Semiconductors, Enterprise, JFrog, Microsoft, –, Dow, Jim Cramer's Charitable, CNBC Locations: Wells Fargo, NII, U.S

☆ Dollar bulls suffer setback as traders add to Fed cut bets
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar fell from two-month highs hit overnight versus its major peers after signs of weakness in the labor market boosted the case for quicker Federal Reserve rate cuts. Bets for a quarter-point Fed rate cut on Nov. 7 increased to 83.3% from 80.3% a day earlier, with the remaining odds for policy to stay steady, according to the CME Group's FedWatch Tool. A week earlier, there was a 32.1% chance of a half-point reduction and 67.9% probability of a quarter-point cut. The dollar added 0.06% to 148.68 yen , inching back towards Thursday's high of 149.58 yen, a level previously not seen since Aug. 2. The Australian dollar held firm at $0.67395 after rebounding from its lowest since Sept. 16 at $0.6702 on Thursday.

Persons: Tapas Strickland, Austan Goolsbee, Raphael Bostic Organizations: U.S, Treasury, National Australia Bank, Fed, Chicago Fed, Atlanta Fed Locations: China

The terror attack has helped push the Middle East to the brink of a wider regional war. One year after the massacre, the Middle East has only plunged deeper into violence and is on the brink of a broader war. Globally, the immediate concern is that oil supplies will diminish significantly should conflict spill over to the rest of the Middle East. Everyone but Biden can see this," wrote Andrew Exum, a former US deputy assistant secretary of defense for Middle East policy, in The Atlantic last week. The global economy on edgeWhen the conflict began a year ago, there were fears that wider conflict in the Middle East could impact the global economy.

Persons: —, Israel, Chuck Frielich, Frielich, Yemen's Houthi, Mohammed Hamoud, barraged, Ammar Safarjalani, Ismail Haniyeh, Haniyeh, Fuad Shukr, Hasan Nasrallah, Qasem Soleimani, JOSEPH EID, JALAA MAREY, Nasrallah, bode, Benjamin Netanyahu, Carmel Gat, Netanyahu, Joe Biden, Biden, Andrew Exum, Brent, Vladimir Putin Organizations: Service, Israel Defense Forces, Hamas, Iranian Revolutionary Guard Corps, The Washington Institute for Near East, Getty Images Iran, Getty, Israel's, United Nations General Assembly, Citigroup, Iranian, US, Middle, Business, Bank of Israel, Reuters, IMF Locations: Israel, Iran, Gaza, Suez, Aden, Red, Palestine, Syria, Damascus, Xinhua, Tehran, Beirut, Haniyeh, Shukr, Lebanon, AFP, Hezbollah's, United States, Ukraine

☆ The search for missing people continues after Hurricane Helene
▼ + stars: | 2024-10-03 | by ( Sharif Paget | Michelle Krupa | ) edition.cnn.com time to read: +6 min

But even if a storm like that made it to Matthew’s parents’ neighborhood, their house rests on a mound. And it certainly couldn’t happen with Helene, Matthew figured, even as the one-time Category 4 monster showed little sign of cooling its rage. Still, Keli headed out to her job managing a beauty supply store about 20 miles east in Johnson City. The family took to social media, pleading for any information about their missing husband and dad – and his dog. “I think right now we are the only people who know what each of us is going through,” he said.

Persons: Matthew Cloyd, Helene, Matthew, ”, Keli, Steven Cloyds, a.m, –, who’s, Steven, “, ” Keli, Steven Cloyd, Matthew Cloyd “, ” Steven, “ You’re, “ It’s, She’d, ” Matthew, Orion, Matthew Cloyd Matthew, Bridges, Who’d, she’d, Mary Gilbert Organizations: CNN, Orion Locations: Illinois, Tennessee, ’, Florida , Georgia, Carolinas, East Tennessee, Johnson City, …, Rockford , Illinois, ”, Rockford, Jonesborough, Helene’s

☆ Asia-Pacific markets mixed after Powell signals smaller rate cuts; China markets closed for holiday
▼ + stars: | 2024-10-01 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

Asia-Pacific markets are mixed on Tuesday, after Federal Reserve Chair Jerome Powell indicated the recent outsized cuts enacted by the U.S. central bank should not be interpreted as a sign that future moves will be as aggressive. "If the economy performs as expected, that would mean two more rate cuts this year, a total of 50 [basis points] more." The current federal funds rate stands at 4.75%-5%, with the expected additional 50 basis points in cuts set to take the Fed's benchmark interest rate to 4.25%-4.5% at the end of 2024. In Asia, traders will focus on the Bank of Japan's third quarter Tankan survey, which measures the level of business optimism among large Japanese companies. As such, the member said, "the Bank will not raise its policy interest rate when financial and capital markets are unstable."

Persons: Jerome Powell, Morgan Stanley, Ellen Zentner Organizations: Federal, U.S, Bank of, U.S . Federal Reserve, Liberal Democratic Party, Bank, Reuters Locations: Asia, Pacific, Japan

☆ Dow futures are little changed after index breaks four-day winning run: Live updates
▼ + stars: | 2024-09-25 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Futures tied to the Dow Jones Industrial Average were little changed on Wednesday night after the index broke a four-day win streak. Dow futures slipped 16 points, or 0.04%. S&P 500 futures rose 0.1%. The semiconductor manufacturer was trading 14% higher in Wednesday's extended trading session after issuing strong guidance for the current quarter. In regular trading, both the S&P 500 and the Dow retreated from their records to close lower.

Persons: Dow, Tom Lee, Dow Jones, Jerome Powell, John Williams Organizations: New York Stock Exchange, Futures, Dow Jones, Dow, Nasdaq, Micron Technology, Lam Research, Fundstrat Global Advisors, Federal Reserve, New York Fed, CarMax, Accenture, Costco Wholesale

☆ Shohei Ohtani’s 50-50 is just the latest chapter in an extraordinary season for the Los Angeles Dodgers star
▼ + stars: | 2024-09-21 | by ( George Ramsay | ) edition.cnn.com time to read: +7 min

CNN —It was perhaps fitting that Shohei Ohtani should achieve one of baseball’s most remarkable feats with an out-of-this-world performance. But despite being kept away from the mound, Ohtani has had a phenomenal debut season with the Dodgers. Ohtani smacks his 50th home run of the season, and with it, earns the first 50/50 in MLB history. Megan Briggs/Getty ImagesEven without pitching this season, Ohtani is still the odds-on favorite to win the NL MVP award, potentially the first to do so having played solely as a designated hitter (DH). A betrayal off the fieldAll the while, Ohtani’s record-breaking season on the diamond has come against the backdrop of off-field challenges.

Persons: Ohtani –, ”, “, –, Aaron Judge, Ohtani, Megan Briggs, Shawn Green, Ronald Acuña Jr, Alex Rodriguez, Raul Mondesi, Matt Kemp, Dave Roberts, Yoshimasa Hayashi, ” Hayashi, Ippei Mizuhara, Mizuhara, Damian Dovarganes, Mizuhara – Organizations: CNN, Los Angeles Dodgers, Miami Marlins, Major League Baseball’s, League MVP, Marlins, Dodgers, Los Angeles Angels, New York Yankees, National League West, NL West, Atlanta Braves, Seattle Mariners, MLB, ” Dodgers, City of Angels, US Department of Justice, Dodger Locations: Asia, South Korea, Santa Ana , California

☆ The good, bad, and ugly of life after rate cuts
▼ + stars: | 2024-09-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +1 min

You can sign up for Business Insider's daily newsletter here. 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 . This story is available exclusively to Business Insider subscribers.

Persons: —, Jerome Powell Organizations: Business, Service

☆ Your taxes are going up in 2026, according to Morgan Stanley. Here are 5 tax-advantaged trades to make.
▼ + stars: | 2024-09-19 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Read previewMorgan Stanley has some disappointing news for investors: your taxes are probably going up in the next few years. But one strategist at Morgan Stanley says it's not that simple. Despite these differences, Morgan Stanley expects tax rates to increase no matter who takes office. And a divided Congress, which Morgan Stanley predicts is very likely in November, will only further reduce the likelihood of dramatic change. Typically, the stock market is more influenced by the business cycle than tax policy or political party, according to Morgan Stanley.

Persons: —, Morgan Stanley, Trump, Kamala Harris, it's, Monica Guerra, Morgan Stanley Wealth Management's, Harris, Biden, There's, haven't, Guerra isn't, Guerra Organizations: Service, Business, Morgan Stanley Wealth, US, Trump, Republican, Democratic, Treasurys, New, Equity Locations: New York City

☆ Stocks jump Thursday after Federal Reserve’s jumbo-sized rate cut
▼ + stars: | 2024-09-19 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —Stocks jumped Thursday morning as investors cheered the Federal Reserve’s eye-popping half-point interest rate cut. Tech stocks surged: Nvidia shares popped 4.8%, Tesla shares gained 5.4%, Meta Platforms shares rose 3.5% and Apple shares climbed 3.5%. The Fed on Wednesday cut rates by half a point, marking its first rate cut since the onset of the Covid pandemic and bringing rates down from a 23-year high. A large rate cut can be a double-edged sword for the economy. The Fed faced pressure to cut rates in July but held steady instead.

Persons: New York CNN — Stocks, Tesla, Jerome Powell, ”, Ronald Temple, Powell Organizations: New, New York CNN —, Dow, Nasdaq, Tech, Nvidia, Meta, Apple, Fed, Lazard Locations: New York, August’s

☆ Cheaper Mortgages and Car Loans: Lower Rates Are on the Horizon
▼ + stars: | 2024-09-18 | by ( Karl Russell | ) www.nytimes.com time to read: +3 min

Cheaper Mortgages and Car Loans: Lower Rates Are on the HorizonThe costs of 30-year mortgages and new car loans have been inching down in recent months, welcome news for borrowers who have endured years of high prices and high interest rates. When the Fed lowers its benchmark rate, it is ultimately trying to reduce borrowing costs for businesses and consumers. Read more about what lower interest rates could mean for five areas of your financial life. That has raised questions about whether the Fed waited too long to begin lowering rates. And the costs of many household items, big-ticket purchases and crucial services remain high for many people.

Persons: Read, Wednesday’s Organizations: Federal Locations: U.S

☆ Melania Trump says she stands ‘proudly behind my nude modeling work’
▼ + stars: | 2024-09-18 | by ( Kate Sullivan | Eric Bradner | ) edition.cnn.com time to read: +4 min

CNN —Former first lady Melania Trump posted a new video on social media Wednesday defending her previous nude modeling work as she promoted her new book. “Why do I stand proudly behind my nude modeling work? A spokesperson for the former first lady did not immediately respond to questions about what media scrutiny Melania Trump was referring to or whether the photographs had received recent attention. The former first lady’s forthcoming memoir, titled “Melania,” is set to hit shelves in October, according to Skyhorse Publishing. His numerous business ventures also included a modeling agency called Trump Model Management; it was closed shortly after he took office in 2017.

Persons: Melania Trump, ”, Donald Trump, Donald Trump’s, Ivana Zelníčková, Marla Maples, Trump, Barron, John Paulson, CNN’s Jackie Wattles Organizations: CNN, Skyhorse Publishing, New York Post, ”, EB, Washington Post, Trump Model Management, White, Republican National Convention, Secret, Trump Locations: British, Slovenian, United States, Florida, Milwaukee, Pennsylvania, New York

Mortgage rates have dropped substantially in recent weeks, with 30-year rates now almost 40 basis points down from where they started the month. 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 gone down this week and are now hovering below 5.60%, 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. Because markets are already anticipating that the Fed will lower rates, mortgage rates might not drop much in response to a Fed rate cut.

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

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