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Expectations of a Fed rate cut caused mortgage rates to drop to a two-year low of 6.08% in late September, but it failed to spur homebuying activity. Every percentage point on a mortgage rate makes a big difference for that monthly payment. Here’s what’s driving the recent upswing in mortgage rates. Mortgage rates track the 10-year US Treasury yield, which was expected to fall in anticipation of further rate cuts. “I am clearly not going to own any fixed income.”The government’s fiscal situation might already be having an impact on mortgage rates.
Persons: Freddie Mac, pare, what’s, ” Sam Khater, Freddie Mac’s, Robyn Beck, Donald Trump, Kamala Harris, Harris, “ We’re, Paul Tudor Jones, , ” Lawrence Yun, Kimberly Bradley, Zach, Kimberly, “ I’ve, ” Kimberly, ” Ken Lowrey, Ken Lowrey, “ homeownership, , Lowrey Organizations: Washington CNN, Federal Reserve, National Association of Realtors, Mortgage, Association, Treasury, Getty, Federal Budget, Trump, CNBC, US Postal Service Locations: AFP, Manteo , North Carolina, Charleston , South Carolina
As state lawmakers have introduced hundreds of bills targeting transgender people, particularly youths, over the last few years, Americans have rarely been able to hear from those most directly affected — trans youths themselves. They wanted to ensure the group was diverse because the trans kids and their families who are often featured in national reporting have been predominantly white. “American Teenager,” which debuts Tuesday, also features religious diversity, challenging the common misconception that being trans conflicts with people’s religious faith, Lang said. For example, Ruby Carnes, who was 19 when Lang spent two weeks with her in Houston, attends an Episcopalian church with her family who identify as Evangelical Christians, Lang said. Some of the young people Lang spent time with describe how gender-affirming medical care has affected their lives.
Persons: Nico Lang, Lang, Kimberly Shappley, , Nico Lang's, Christian Rogers Lang, Kimberly, Kai, , don’t, ” Lang, Ruby Carnes, Carnes, Clint Ahern, Ahern, Ahern doesn’t, , he’s, Kylie Yamamoto, you’re, Don’t, they’ve Organizations: NBC News, Public Religion Research Institute Locations: Texas, South Dakota , Alabama, West Virginia , Texas , Illinois, California, Florida, Houston, Chicago, Torrance , California, Los Angeles
For example, Apple at nearly a 6% weighting and Nvidia with a nearly 5% weighting are our top two stocks holdings in the Club portfolio. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Kimberly S, Jim, let's, Jim Cramer's Organizations: Apple, Nvidia, Club, AMD, Jim Cramer's Charitable, CNBC Locations: Massachusetts,
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Between 1999 and 2020, 10.5% of study participants transitioned from "poor" diets to healthier diets with more fruits, vegetables, and whole grains and less sodium, processed meat, and saturated fat. We still have a long way to go," Mozaffarian told CNN. If I was grading America on its diet, I'd give it a D—just up from an F," Mozaffarian said. Typically, the American diet consists of ultra-processed foods and foods high in salt and sugar.
Persons: , Dariush Mozaffarian, Mozaffarian, Junxiu Liu, bode, Heidi Silver, Silver, Gregory Katz, Katz, Gabby Landsverk, W, Taylor Kimberly, Kimberly Organizations: Service, Food, Medicine Institute, Tufts University, Internal, Business, National Health, CNN, Vanderbilt, Vanderbilt University Medical, Yahoo, NYU Langone, Harvard Medical School Locations: Boston, Nashvil
He also founded the Bernal’s Gator Swim Club, an amateur swim club, and coached Le from 2006 to 2010. In February 2016, USA Swimming permanently banned Bernal for his abuse of an unnamed “Athlete A,” the lawsuit states. The suit accuses Bernal, USA Swimming and other defendants of violating the Trafficking Victims Protection Act. Further, the lawsuit accuses Bernal of sexual abuse and the others of negligence. USA Swimming is not a defendant in the lawsuit.
Persons: CNN —, Amanda Le, “ Amanda Le, Joseph Bernal, Bernal, Le, , Scott Leightman, ’ ’, Larry Nassar, Jon Little, ” Little, Nassar, doesn’t, Amanda, “ Amanda, Kimberly Stines, Little Organizations: CNN, of Fame, Court, Fordham, Harvard, American Swim, Hall of Fame, Swim, Le, Boston Globe, ’ ’ CNN, USA, Olympic, Paralympic Committee, Gator Swim, New, Stines Locations: Massachusetts, USA, New England, Bernal’s
Their study found that a 10% increase in processed food consumption was linked to a higher risk of cognitive impairment. That means you can't offset the consequences of a junk food diet by popping some multivitamins or gulping a green juice afterward. We're feeding a really complicated ecosystem in the gut that helps metabolize what we eat," Kimberly said. Aim for ingredients you recognizeYou don't have to give up processed foods completely to improve your health. In the long run, it can be more helpful to make a few small swaps you can stick to than trying (and failing) to swear off processed foods forever.
Persons: , W, Taylor Kimberly, he's, Kimberly, I've, hasn't, they're Organizations: Service, Harvard Medical School, Massachusetts General Hospital, Business Locations: Massachusetts
All three diets are plant-based, focused on consuming more fruits and vegetables, whole grains, beans and seeds while limiting sugar, red meat and ultraprocessed foods. Eating more ultraprocessed foods such as hot dogs is linked to a higher risk of stroke and cognitive decline, according to a new study. What is it about ultraprocessed foods that may allow them to sabotage efforts to follow a healthy diet? Growing dangers of ultraprocessed foodsStudies on the dangers of eating ultraprocessed foods are piling up. That 10% increase was considered “baseline,” and adding even more ultraprocessed foods might increase the risk, experts say.
Persons: , Andrew Freeman, ’ ”, Dr, W, Taylor Kimberly, Kimberly, Peipei Gao, Zhendong Mei, Mei, Gao, Harvard T.H, ’ ” Freeman Organizations: CNN, Jewish Health, Whites, Blacks, Massachusetts General Hospital, Brigham, Women’s Hospital, Harvard, of Public Health Locations: Denver, Massachusetts, Boston, Chan
Americans are moving to Puerto Rico for the climate, adventure, and tax breaks. Newcomers to Puerto Rico told Business Insider they've had difficulty navigating the complexities of healthcare, education, and even buying goods like furniture. From 2021 through 2022, about 27,000 people moved to Puerto Rico from the US states, according to data collected by the US Census Bureau. Lindsey noted that if somebody expressed interest in moving to Puerto Rico, she would first ask them about their health. "You must understand that in Puerto Rico, it's going to be a little laid back," he said.
Persons: , they've, it's, Ricky Santana, Santana, Jessica Peterson, Sarah Lindsey, Sean Flynn, Hurricane Maria, Lindsey, Flynn, Kimberly Sue Walker Organizations: Service, Puerto Rico, Colectivo, US Census Bureau, Puerto Ricans, Getty, Hurricane, Collectivo Locations: Puerto Rico, Puerto, Caribbean, Miami, Dorado, San Juan, San Juan ., Humacao , Puerto Rico, Austin, New York, American, Dorado , Puerto Rico
Ron DeSantis, who campaigned at the Iowa State Fair this year, faces turmoil at a super PAC that supports his presidential run. “We’re going to win Iowa,” the Florida governor said on NBC’s “Meet the Press” program. DeSantis drew a burst of much-needed media attention last week for his feisty televised debate with California Democratic Gov. GOP presidential candidate Ron DeSantis, in red tie, drew a surge in attention last week for his debate with California Democratic Gov. On Saturday, DeSantis completed his tour of all 99 Iowa counties.
Persons: Ron DeSantis, Sergio Flores, Nikki Haley, Donald Trump, “ We’re, “ It’s, ” DeSantis, Haley, Trump, Chris Christie, Vivek Ramaswamy, DeSantis, Gavin Newsom, Chris Jankowski, Kristin Davison Organizations: Florida Gov, The Wall, Journal, Republican, Press, United Nations, Former New Jersey Gov, CBS, Republican National, California Democratic, GOP, Fox News Channel, Zuma Press Locations: Florida, Iowa, Journal NEWTON , Iowa, South Carolina, Alabama
Leading fund manager Kimberly Scott doesn't think a recession will kill the market's momentum. US stocks caught fire in late October and have now nearly recovered from a three-month-long selloff that started in August. Still, Scott said she expects the US economy to keep growing in 2024 as earnings growth accelerates once again. If price growth retreats to normal levels, Scott said growth-oriented stocks should outperform in 2024. 6 top stocks to own in 2024After sharing her optimistic view about earnings and the economy, Scott listed six stocks she's bullish on heading into 2024.
Persons: Kimberly Scott doesn't, Scott's, it's, Scott, Nathan Brown, Bradley Halverson, she's, Wall, They've Organizations: Business, Investors, Reserve, Delaware, Companies, Consumer
The mid-cap growth fund manager shared what qualities she's looking for in stocks. However, the mid-cap growth fund she's managed since 2001 is still a top-7% performer in the last 15 years, according to Morningstar. There's 'magic' to be found in mid-cap growthBut while elevated interest rates aren't kind to stocks, Scott still sees opportunities in many mid-sized companies. Within mid caps, Scott tends to tilt toward growth-focused companies, specifically those with sound business models that are profitable and have abundant cash flow. Instead of investing in so-called "bleeding edge" growth stocks, Scott said she prefers steady, reliable compounders.
Persons: Kimberly Scott, she's, we've, Scott, Morningstar, we're Organizations: Delaware Ivy, Growth, Federal, Growth Fund
Nationally, the average American gets 10 vacation days — all public holidays like Memorial Day and Thanksgiving — after a year of service. Several countries offer even more by law, giving workers more than a month of business days in vacation time per year. Here are nine European countries that give workers more than a month of paid vacations a year, according to the Organization for Economic Cooperation and Development:France: 30 days of paid vacation per yearUnited Kingdom: 28 days of paid vacation per yearAustria: 25 days of paid vacation per yearDenmark: 25 days of paid vacation per yearFinland: 25 days of paid vacation per yearNorway: 25 days of paid vacation per yearSpain: 25 days of paid vacation per yearSweden: 25 days of paid vacation per yearPortugal: 22 days of paid vacation per yearGiven the culture of rest prioritized around Europe, many workers get even more days off from their company. While Swedes are guaranteed 25 paid vacation days by law, her employer adds a few extra days to bring her up to 30 paid vacation days a year. In Norway, Lene Vindenes, 28, gets 25 paid vacation days per year, and her company requires her to take three weeks of vacation during the summer between June and August.
Persons: Kimberly Sorce, Lene Vindenes, Warren Buffett Organizations: European, Organization for Economic Cooperation, Development Locations: U.S, Europe, Spain, France, United Kingdom, Austria, Denmark, Finland, Norway, Sweden, Portugal, New Jersey
(Reuters) - A federal appeals court on Tuesday revived a lawsuit against Royal Caribbean Cruises by the parents of an 18-month-old girl who died after slipping through her grandfather’s hands and falling through an open cruise ship window. Royal Caribbean and its lawyers did not immediately respond to requests for comment. Jacqueline Garcell, a lawyer for the parents, faulted Royal Caribbean for refusing to install devices that many large hotel chains also use to prevent falls. “We look forward to continuing our fight for justice for Chloe Wiegand and to make cruise ships safer,” she said. The case is Wiegand et al v Royal Caribbean Cruises Ltd, 11th U.S.
Persons: Keith Bedford, Chloe Wiegand, Salvatore Anello, Chloe, Alan Wiegand, Kimberly Schultz, Wiegand, Donald Graham, Jacqueline Garcell, Anello Organizations: Reuters, Royal Caribbean Cruises, Royal, REUTERS, Circuit, Royal Caribbean, District, Puerto Rico’s Department of Justice, Royal Caribbean Cruises Ltd Locations: Staten, Royal Caribbean, New York, U.S, Atlanta, San Juan , Puerto Rico, Indiana, Miami, Valparaiso , Indiana, 11th U.S
Opinion: Vladimir Putin’s anxious time
  + stars: | 2023-05-07 | by ( Richard Galant | ) edition.cnn.com   time to read: +15 min
We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. He imagines a boy sitting “upon the high and giddy mast” of a ship tossed by wind and waves. “Uneasy lies the head that wears a crown,” concludes the king in Shakespeare’s play. Russia said that President Vladimir Putin was the intended target of a foiled Ukrainian drone attack on the Kremlin, an allegation Ukraine denied. The unfortunate monarch who was the last to own the original St. Edward’s Crown, King Charles I, was convicted of treason and beheaded on January 30, 1649.
Odds are, commercial real estate is the next shoe to drop for the banking sector after this month's unrest. "Commercial real estate [is] widely seen as next shoe to drop as lending standards for CRE loans to tighten further," BofA's Michael Hartnett said. Regional banks have enormous exposure to commercial real estate loans. But this time around, it is commercial rather than residential real estate that may be in trouble. Are you worried about the impact of commercial real estate on the banking sector and the economy?
A top-performing mid-cap fund manager shared the strategy that's brought her sustained success. For over 22 years, Kimberly Scott has run the Delaware Ivy Mid Cap Growth Fund (WMGAX). Scott's mid-cap fund, which now has $5.6 billion in assets, has topped 92% of its peers over the past 15 years and ranks in the top 12% of its category so far this year, according to Morningstar. In response, the veteran fund manager is keeping up with what's going on in the economy but is mostly focused on sticking to her tried-and-true strategy for picking mid-caps. 7 top stocks to buyAfter explaining her investing method, Scott made the case for seven of the top stocks in her mid-cap mutual fund.
Scranton to Biden: Love ya, Joe. But a 2024 run?
  + stars: | 2023-03-22 | by ( Jarrett Renshaw | ) www.reuters.com   time to read: +6 min
[1/6] A photograph of Jim Connors, 76, former Mayor of Scranton, with U.S. President Joe Biden hangs in his home in Scranton, Pennsylvania, U.S., March 10, 2023. Despite those strong ties, interviews with about two dozen Scranton voters show many harbor deep concerns about Biden running again. Many Scranton residents say they might back Biden again in 2024, albeit without much enthusiasm. Biden is also supporting a plan to build a new rail line from Scranton to New York City. “So, when I think about President Biden, I don't just think about President Biden being our hometown son," Cognetti said.
An email from Rupert Murdoch said Kimberly Guilfoyle was fired from Fox due to "inappropriate behavior." In 2020 reports emerged suggesting she had faced a sexual harassment accusation from a female assistant. The reports said that Fox had been in the midst of a year-long investigation into the allegation when she left. Kimberly Guilfoyle during the final round of the Bedminster Invitational LIV Golf tournament in Bedminster, N.J., Sunday, July 31, 2022. Representatives for Fox News and Kimberly Guilfoyle were not immediately reachable for requests for comment from Insider.
The Brazilian central bank's weekly survey of private economists last year foresaw cuts in June 2023, but a recent survey pushed the forecast back to November. The central bank's poll of traders now expects cuts won't come until May, likely making Chile the first mover. "We've had a quite a few hawkish comments from central banks across the region, pushing back against the idea of rate cuts," she added. That gives central banks the message that it's not quite time to think about a more relaxed monetary policy," he said. Political unrest in Peru may have also moved back the goalpost for cuts, with the central bank warning that protests have caused supply chain disruption and impacted consumer prices.
The Binance.US account was registered under the name of BAM Trading, the U.S. exchange's operating company, according to the records. Prime Trust made $650 million in wire transfer deposits into the Binance.US account during the quarter, the bank records show. A Binance.US spokesperson, Kimberly Soward, did not address Reuters' questions about the transfers detailed in the bank records. The Binance global exchange, Binance CEO Zhao and Prime Trust did not respond to detailed questions about the transfers. The Binance.US account records reviewed by Reuters detail each transaction between January and the end of March 2021.
Prime Trust made $650 million in wire transfer deposits into the Binance.US account during the quarter, the bank records show. The Binance global exchange, Binance CEO Zhao and Prime Trust did not respond to detailed questions about the transfers. Among the dealers on Binance.US was Merit Peak, according to company messages, the trading firm managed by CEO Zhao. From January to March 2021, the account records show that Merit Peak received 89 transfers from the Binance.US SEN account totalling $404 million. These transfers often immediately followed a deposit into the Binance.US account by Prime Trust, the crypto custodian firm for Binance.US client funds.
Australia PM pledges aid on visit to flood-ravaged northwest
  + stars: | 2023-01-09 | by ( ) www.reuters.com   time to read: +2 min
Jan 9 (Reuters) - Australian Prime Minister Anthony Albanese promised help to repair homes, replace property and rebuild infrastructure as he toured remote flood-ravaged communities across the northwest after "1-in-100-year" floods. Albanese announced on Monday A$10,000 ($6,900) for home repair and up to A$10,000 to replace household goods. "There's going to be massive infrastructure investment required," Albanese told radio station 6PR on Monday from Broome, roughly 2,000 kilometres northwest of state capital Perth. "I'm afraid I've now been to Tasmania, Victoria, New South Wales, South Australia and now WA (Western Australia) in the relatively short time that I've been Prime Minister... talking about a 1-in-100-year event over and over again," Albanese said. Military aircraft helped airlift supplies and evacuate residents in cut-off towns such as Fitzroy Crossing, home to roughly 1,000.
The gunman, identified as Andre Bing, 31, of Chesapeake, Virginia, said nothing as he began firing on workers gathered late on Tuesday ahead of their overnight shift, according to two employees who were in the break room. Another Walmart employee, Briana Tyler, told ABC's "Good Morning America": "I looked up and my manager just opened the door and he just opened fire." [1/6] FBI agents stand in the parking lot after a mass shooting at a Walmart in Chesapeake, Virginia, U.S. November 23, 2022. He told her that during the nightly meeting his manager was acting "strange" and "then started shooting," she told the news station. This was not the first mass shooting at a Walmart, which has thousands of stores across the country.
Many other leaders do the same, the former Amazon leader said. the current Microsoft employee said. For instance, Microsoft gets the whole company together to do activities and donate to causes they like, which Amazon doesn't do, the current Microsoft employee said. Malte Mueller/Getty ImagesDrive for excellence, with burnoutBeyond teaching its own leadership tenets, Amazon isn't big on manager training, one of the current Google employees said. Without proper institutional support, constantly operating at such a high level can lead Amazon employees to burnout, a former Amazon leader who now works at Google said.
A viral video showing a former Mississippi day care worker scaring kids in her care while while wearing a creepy mask has prompted child abuse charges against five day care workers, NBC affiliate WTVA of Tupelo reported. The day care facility and its owner, who state documents identify as Sheila Sanders, could not immediately be reached. A day care worker from Lil' Blessings Child Care wearing a Ghostface mask scaring a room full of children. The video then shows the masked worker entering what appears to be a second room, prompting screams and cries among the kids. The facility is the community's only day care center, according to the directory ChildcareCenter.us.
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