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☆ Mortgage interest rates are expected to drop by the end of the year—here’s how much you could save on monthly payments
▼ + stars: | 2024-07-19 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

While mortgage rates are most closely linked to 10-year Treasury bonds, they tend to move in tandem with the Federal Reserve's benchmark interest rate. Consequently, a rate cut is likely to lower mortgage rates later this year. That's potentially good news for homebuyers, since interest rate cuts would likely make monthly mortgage payments a bit more affordable. Most major housing organizations expect mortgage rates to drop by the end of the year. Mortgage rate forecasts for the end of 2024 differ slightly.

Persons: Fannie Mae, Wells, Kevin McLoughlin Organizations: Federal, Traders, Mortgage, Association ., Federal Reserve Locations: Virginia

☆ UBS executives break down how markets will react to a Biden or Trump presidency — and the 3 best investment strategies to hedge election risk
▼ + stars: | 2024-06-30 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

UBS executives covering fixed income and equity strategies outlined in a recent note four different scenarios come November: a blue sweep, a Biden presidency with a split Congress, a red sweep, and a Trump presidency with a split Congress. The two overwhelmingly likely outcomes would be a Biden presidency with a divided Congress (40%) and a Trump presidency with a Republican Congress (45%), per UBS. A Biden victory with a divided CongressA Biden presidency will likely usher in increased tax rates and regulatory oversight, UBS said. A Trump presidency combined with a Republican Congress would mean an extension of the current lower marginal tax rates, the bank said. While antitrust regulation will likely ease under Trump, he's hardly a Big Tech supporter: Trump sued Facebook, Google, and Twitter (now X) in 2021.

Persons: —, Biden, David Lefkowtiz, Trump's, Tom McLoughlin, UBS's, Lefkowitz, he's, Trump, Leslie Falconio, Goldman Sachs Organizations: Service, UBS, Biden, Trump, Republican Congress, Business, Nvidia, OpenAI, Big Tech, Republican, Republicans, Democrats, Facebook, Google, Twitter, World Gold, Trust

☆ Important to divorce politics from portfolio construction, says UBS' Tom McLoughlin
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailImportant to divorce politics from portfolio construction, says UBS' Tom McLoughlinTom McLoughlin, UBS Global Wealth Management, Americas head of fixed income, joins 'Money Movers' to discuss how the 2024 presidential election will impact the markets.

Persons: Tom McLoughlin Tom McLoughlin Organizations: UBS, UBS Global Wealth Management Locations: Americas

☆ Artificial intelligence is coming for venture firms. VCs predict it could reduce headcount by more than 50%.
▼ + stars: | 2024-06-24 | by ( Ben Bergman | ) www.businessinsider.com time to read: +8 min

Firms like Correlation Ventures, 645 Ventures, and Fly Ventures have long used data and AI to help guide investment decisions. AdvertisementEarlier this year, Sri Chandrasekar, a partner at Point72 Ventures, noticed a startup in his portfolio was having a breakout week. Related stories"If you go to any venture firm's website, you'll find that half the names are not doing anything to do with investing," Chandrasekar said. Advertisement"If you look at the large firms, they got very, very large in the last few years," said Andy McLoughlin, managing partner at Uncork Capital. Venture firms will have to remake themselves into a combination of people and A.I."

Persons: —, Matt Krna, Krna, Sri, Chandrasekar, Christina Melas, Andreeseen Horowitz, Andy McLoughlin, James Currier, Currier, McLoughlin Organizations: Service, Business, Ventures, Fly Ventures, Point72 Ventures, Bain Capital Ventures, Bain Capital, Catalyst, Lightspeed, Uncork, Venture, Deloitte, San Locations: San Francisco, Sri Chandrasekar

☆ Overwater bungalows started as a bottom-tier accommodation. Today, they're a status symbol in the luxury travel world.
▼ + stars: | 2024-04-17 | by ( Monica Humphries | ) www.businessinsider.com time to read: +9 min

Mimicking the style, they built three overwater bungalows to join the garden and pool bungalows that also filled the Raiatea property in 1967. Overwater bungalows in the lagoon of Bora Bora. But building an overwater bungalow in the Caribbean can be a hard task to accomplish, Danny Kalenov, the developer behind Six Senses Belize, an overwater bungalow resort that's set to open in 2026, told BI. In 2016, the Sandals Resort in Montego Bay, Jamaica, became the first overwater bungalow resort in the area. AdvertisementToday, Dream Overwater has cataloged nine Caribbean locations home to more than a dozen overwater bungalow resorts.

Persons: —, Vaihiria Kelley, — Jay Carlisle, Hugh Kelley, Donald McCallum —, Kelley, Jay Carlisle, Donald McCallum, Raiatea didn't, Ronan McLoughlin, Jason Toms, Toms, Lucy Rudgard, Scott Dunn, overwater, McLoughlin, Bora Bora, Matteo Colombo, Danny Kalenov, they've, Kalenov, It's, Vincent Organizations: Service, Life Magazine, Tourism, Bali Hai Boys, Audley Travel, Getty, Senses, Royalton Chic, Grenadines Locations: Tahiti, California, Moorea, Bali, Boys, Raiatea, Huahine, That's, Polynesia, Maldives, Bora, Bora Bora, French Polynesia, Caribbean, Senses Belize, Montego Bay, Jamaica, Royalton, Royalton Chic Antigua, St

☆ YouTube's relentless grind is causing an OG creator exodus. Jacksepticeye may be next.
▼ + stars: | 2024-04-10 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

Read previewRetirement could be on the horizon for gaming YouTuber Jacksepticeye — the latest sign of an OG creator exodus. AdvertisementThis admission shows that even the biggest and most successful content creators are struggling right now, feeling misplaced and confused about their future on an ever-changing platform. AdvertisementSince the Adpocalypse in 2017, when major companies threatened to pull their ads from YouTube, creators have been under increased scrutiny from the platform. The relentless content cycleBurnout has plagued content creators since the dawn of it becoming a legitimate career path in the noughties. When asked if he liked his fellow YouTuber, McLoughlin said "no."

Persons: —, he's, Seán McLoughlin, McLoughlin, I'm, Tom Scott, it's, I've, Forbes, trolled, Ulrike Gretzel, Tanja Schöllhammer, Brandon C Harris, YouTube McLoughlin, MrBeast, McLoughlin's, Harris Organizations: Service, OG, Business, YouTube, Mental, Journalism, Creative Media, University of Alabama

☆ Unexploded World War II bomb found in a garden in England
▼ + stars: | 2024-02-23 | by ( Louise Mcloughlin | Radina Gigova | ) edition.cnn.com time to read: +1 min

London CNN —An unexploded bomb from World War II has been taken out to sea and detonated after being found in a garden in the English city of Plymouth, authorities said Friday. The decision to detonate the bomb at sea was taken “after considering all options, including a controlled detonation on site,” according to a government statement. This war-time bomb has really brought out war-time spirit, people coming together to really support each other and whilst it has been really tough – we got through it,” said Tudor Evans, leader of Plymouth City Council. Evans thanked the bomb experts for their bravery and for “putting their lives on the line” while they were removing the bomb. The device was discovered on Tuesday in a garden, the Plymouth City Council said in a post on social media.

Persons: Johnny Mercer, ”, Tudor Evans, Evans, ” Evans Organizations: London CNN, Plymouth, Plymouth City Council Locations: English, Plymouth, ”

☆ Tax season is underway. Here’s what investors should know to prepare
▼ + stars: | 2024-02-01 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

Tax filing season officially started on Monday, and investors could pay the price following last year's stock market bonanza. Meanwhile, investors collected yields exceeding 5% in money market funds, certificates of deposit and high yield savings accounts. In New York, the top income tax rate is 10.9%, and it's 13.3% in California. Vanguard's New York Municipal Money Market Fund (VYFXX) has a 7-day SEC yield of 4.25% and an expense ratio of 0.16%. Fidelity offers the California Municipal Money Market Fund (FSPXX) , which has a 7-day yield of 3.54% and an expense ratio of 0.3%.

Persons: Tim Steffen, Brenna McLoughlin, you've, McLoughlin, Vanguard's, Sam Nofzinger, Steffen, it's, There's Organizations: Baird, Wealthstream Advisors, York Municipal Money Market Fund, SEC, Fidelity, Money Market Fund, Public Locations: Milwaukee, New York, California, York, –

☆ How giving away some winning stocks can help cut taxes and balance your portfolio
▼ + stars: | 2023-11-29 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

But rather than just selling out of those stocks to help dilute those holdings, consider donating a few shares to charity. But giving some away duts the size of the position in a portfolio and skirts capital gains taxes. Those stocks are up more than 200% and 62%, respectively, this year, and are good candidates for some charitable giving, she said. Investors are encouraged to get to know the charitable giving deduction. Investors can also simplify their charitable giving by making direct gifts of appreciated assets to a donor-advised fund.

Persons: you've, Barry Glassman, Glassman, Brenna McLoughlin, Eli Lilly, McLoughlin, you'd, Cash, Tim Steffen, Steffen Organizations: Nasdaq, Nvidia, Tesla, Wealth Services, Wealthstream Advisors, Meta, Apple, Microsoft, Investors, Baird Locations: North Bethesda , Maryland, New York, Milwaukee

☆ Employee benefits season is coming. Prepare these tax-advantaged accounts for growth
▼ + stars: | 2023-09-13 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

An opportunity to maximize tax-favored growth in your investment account is around the corner: employee benefits season. But it's also prime time to check in on contributions to and the underlying investments in 401(k) plans, individual retirement accounts and health savings accounts, which can offer a bevy of tax benefits. Enter asset location, which involves positioning the assets with the highest growth prospects and yield for growth and tax efficiency. "And too many people in my opinion are unlikely to touch their retirement accounts for more than a decade, and yet a lot of it is in cash or cash-like investments." In contrast, tax-deferred retirement accounts could be split 80/20 for workers who are early to mid-career, McLoughlin said.

Persons: it's, Barry Glassman, Glassman, Sam, Roth, Roth IRAs, Brenna McLoughlin, McLoughlin Organizations: Wealth Services, CNBC's, Wealthstream Advisors

☆ Ram and Salisbury win record third straight U.S. Open men's doubles title
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +3 min

"I've got to thank my partner," Ram said during the trophy ceremony, where they collected a winner's check for $700,000. We're going to compete hard, fight hard and do our best until the very end. Sixth-seeded Bopanna and Ebden dominated the first set, breaking serve in the opening game and capturing it with a love hold. The last pair to win three straight U.S. Open men's doubles titles were Tom Bundy and Maurice McLoughlin from 1912-1914. Reporting by Rory Carroll in San Francisco; Editing by Toby Davis and Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Salisbury, Rajeev Ram, Australia's Matthew Ebden, India's Rohan Bopanna, Mike Segar, Britain's Joe Salisbury, Matthew Ebden, Ebden's, I've, Ram, Salisbury, We're, Bopanna, Arthur Ashe, Tom Bundy, Maurice McLoughlin, Rory Carroll, Toby Davis, Ken Ferris Organizations: Tennis, Thomson Locations: Flushing Meadows , New York, United States, Flushing Meadows, San Francisco

Greece’s prime minister, Kyriakos Mitsotakis, has said that it is facing a “totally extreme weather phenomenon” and has urged the public to follow instructions from authorities. A man drives his bike in rising waters, during a storm in the city of Volos, Greece, September 5, 2023. Anastasia Karekla/Eurokinissi/ReutersCars drive among debris and mud, following a flash flood during a storm in the city of Volos, Greece, September 5, 2023. As the storm enters the Mediterranean Sea, it may take on characteristics similar to a tropical storm. Known as “medicanes,” these systems can bring dangerous conditions to the Mediterranean Sea and coastal countries similar to tropical storms and hurricanes in the Atlantic or typhoons in the Pacific.

Persons: Kyriakos Mitsotakis, Anastasia Karekla, Daniel Organizations: CNN, Reuters Locations: Greece, Evia, Agios Georgios, Volos, Skiathos, Europe

Circuit Court of Appeals found that the U.S. Nuclear Regulatory Commission lacked the authority under federal law to issue permits for private, temporary nuclear waste storage sites. Circuit Judge James Ho, writing for the court, agreed with Texas that the Atomic Energy Act does not give the agency the broad authority "to license a private, away-from-reactor storage facility for spent nuclear fuel." Abbott opposed the plan, saying he would not let Texas become "America's nuclear waste dumping ground." The plan for a temporary facility was devised in order to address a growing nuclear waste problem in the United States. The Andrews County site was chosen after efforts to build a permanent storage facility in Nevada fell apart amid fierce local opposition.

Persons: James Ho, William F, Buckley, Jr, Michelle McLoughlin, Ho, Donald Trump, Greg Abbott's, Abbott, Clark Mindock, Will Dunham Organizations: Yale University, REUTERS, Republican, Circuit, Appeals, U.S . Nuclear, Commission, Partners, Atomic Energy, Waste, NRC, Thomson Locations: New Haven , Connecticut, U.S, Texas, New Orleans, Andrews County , Texas, United States, Andrews, Nevada, New York

☆ Connecticut law ending religious vaccine exemptions for children is upheld
▼ + stars: | 2023-08-04 | by ( Jonathan Stempel | ) www.reuters.com time to read: +3 min

REUTERS/Michelle McLoughlin/File PhotoNEW YORK, Aug 4 (Reuters) - A divided federal appeals court on Friday rejected a challenge to a Connecticut law that ended the state's decades-old religious exemptions from immunization requirements for children in schools, colleges and day care. Circuit Court of Appeals in Manhattan said ending religious exemptions, while still allowing medical exemptions, was a rational means to promote health and safety by reducing the potential spread of vaccine-preventable diseases. He said many U.S. courts have reviewed vaccination mandates for children that lack religious exemptions, and only one, in Mississippi, has ever found constitutional problems. Five other U.S. states--California, Maine, Mississippi, New York and West Virginia--also lack religious exemptions. Connecticut's law, signed by Governor Ned Lamont, does not apply to children from kindergarten to 12th grade who previously had received religious exemptions.

Persons: Michelle McLoughlin, Denny Chin, Chin, Barack Obama, Ned Lamont, Joseph Bianco, Donald Trump, Norm Pattis, Brian Festa, William Tong, Lamont, Jonathan Stempel, David Gregorio, Leslie Adler, Deepa Babington Organizations: Pfizer, REUTERS, U.S, Circuit, Patriots USA, CT, Alliance, COVID, Patriots, Connecticut Office, 2nd U.S, Thomson Locations: Storrs , Connecticut, U.S, Connecticut, Manhattan, Mississippi, California , Maine , Mississippi , New York, West Virginia, 2nd, New York

☆ Stocked up on short-term T-bills? Here’s why it might be time to buy longer-term bonds
▼ + stars: | 2023-05-26 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Short-term Treasury bills have garnered investors' attention as yields pop amid the Federal Reserve's rate hiking campaign and debt ceiling tensions in Washington. This doesn't necessarily mean it's time to cut bait on your short-term bond holdings, however. Issues with longer duration are likely to see greater price fluctuation in response to changes in interest rates. The inverted yield curve also resulted in higher yields for short-term issues, but sharp price declines. Some investors built ladders — that is, a portfolio of bonds with different maturities — to take advantage of those higher yields.

Persons: Paul Olmsted, Bonds, Olmsted, we've, Brenna McLoughlin, Kevin Brady, Callie Cox, Cox Organizations: Morningstar, Treasury, Wealthstream Advisors, Wealthspire Advisors Locations: Washington

☆ Washington is at an impasse on the debt ceiling. Here’s what that might mean for your portfolio
▼ + stars: | 2023-05-11 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Income-focused investors seeking yield and safety in Treasury bills are likely nervous as debt ceiling rhetoric heats up in Washington, but they should take a breather before they dump these assets. In the short-term Treasury market, investors are already showing some signs of anxiety. In that case, holders of short-term T-bills could see declines in their portfolio values as yields spike, he added. Review your holdings Now could be a good time to review your bond holdings, particularly the short-term T-bills that are seeing a big jump in yields. But the longer-term advice is to snap up longer-dated bonds to prepare for the day the Federal Reserve starts to dial back its tight monetary policy.

Persons: Joe Biden, Biden, Kevin McCarthy, Hakeem Jeffries, Janet Yellen, Yellen, Kathy Jones, Gustavo Schwenkler, Jones, Thomas McLoughlin, McLoughlin, Christine Benz, Jamie Hopkins, — CNBC's Michael Bloom Organizations: Treasury, Schwab Center, Financial Research, Santa Clara University Leavey School of Business, Federal Reserve, UBS, Morningstar, Carson Group Locations: Washington, D, U.S

☆ Customers saved a New York bar after it nearly shut down over rising rents. Its owner learned community is key to building a successful small business.
▼ + stars: | 2023-04-13 | by ( Erin Greenawald | ) www.businessinsider.com time to read: +8 min

These five small-business owners have built online brand communities that bring customers together. A community founded by Neir's Tavern in New York City helped save the business from closing when it faced financial difficulties. Experts identified 3 key factors to building a brand community that businesses can rely on for support. Gordon, Jones, McLoughlin, and other small-business owners shared their tips with Insider. But if your business does need help, McLoughlin says to just ask.

☆ Shipping industry grapples with ways to cut cargo fires at sea
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +2 min

LONDON, Feb 22 (Reuters) - Global shipping companies are exploring ways to boost safety in transporting cargoes as risks grow from fires erupting inside containers or in cars at sea, officials said on Wednesday. Shipping transports around 90% of world trade onboard different vessels including container and Ro-Ro ships with trade routes getting busier. "The main root cause for cargo fires on container ships is the integrity of dangerous goods throughout the supply chain. Therefore it is a problem that can only be improved through industry wide solutions," Maersk's Aslak Ross said separately in a statement. Reporting by Jonathan Saul Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Ten years after Sandy Hook shooting, Connecticut town spends a day in reflection
▼ + stars: | 2022-12-14 | by ( Nathan Layne | ) www.reuters.com time to read: +5 min

[1/8] Dr. Anthony Salvatore, co-president of the Connecticut Federation of School Administrators lays roses on the Sandy Hook Permanent Memorial as part in a wreath laying ceremony hosted by The National Teachers Hall of Fame to mark the 10th anniversary of the shooting at Sandy Hook Elementary School in Newtown, Connecticut, U.S., December 14, 2022. Wearing a green sweater - the Sandy Hook school color - he walked the memorial, stopping at the names of the children who now would have been 16 and 17. He renewed a call to ban the kind of military-style rifles used in Sandy Hook and many other mass shootings. Mark Barden, whose 7-year-old son Daniel was killed at Sandy Hook, is one of several parents who channeled their grief into advocacy. He co-founded Sandy Hook Promise, a nonprofit that aims to educate teachers and students about warning signs that can be used to identify likely mass shooters.

☆ Strong returns could be hard to find in 2023. How to prep your portfolio and generate income
▼ + stars: | 2022-12-11 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Wall Street is warning of a stormy start to 2023 , but investors should prepare to find pockets of opportunity and ensure their portfolio is running efficiently. Bond prices have tumbled alongside stocks, such that even the iShares Core Growth Allocation ETF – which is based on a 60/40 split between equities and fixed income – has dropped nearly 15%. Higher yields on fixed income The silver lining of the Federal Reserve's interest rate hiking campaign is the rising yield investors can find on even the most boring fixed income offerings. Meanwhile, Series I savings bonds that are issued from Nov. 1 to April 30, 2023 have a current interest rate of 6.89%. Short-term Treasurys are another attractive option for your fixed income sleeve.

☆ Sandy Hook families focus on pushing for change, decade after shooting
▼ + stars: | 2022-12-09 | by ( Daniel Fastenberg | ) www.reuters.com time to read: +4 min

[1/3] A general view of Sandy Hook prior to the 10th remembrance of the Sandy Hook school massacre in Newtown, Connecticut, U.S., December 8, 2022. He was among 20 first graders gunned down inside Sandy Hook Elementary in Newtown, Conn., on Dec. 14, 2012. At least 11 school shooting plots have been foiled in recent years because of the training Sandy Hook Promise provided, the group says. Speakers included former U.S. President Barack Obama, who was in the White House when the Sandy Hook shooting took place. Mark Barden, whose son, Daniel, was killed at Sandy Hook, co-founded Sandy Hook Promise with Hockley.

☆ London’s rental market has become a ‘nightmare.’ Here’s why
▼ + stars: | 2022-11-21 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

“I think that I sent over 100 messages to different ads, and I only had [a] reply to 30 messages,” she told CNN Business. ‘You can’t hesitate’Matt Hutchinson, communications director at SpareRoom, told CNN Business that the capital has seen a “huge influx” of students, young people and overseas workers in recent months — demand that the pandemic kept bottled up. Landlords have been leaving the rental market as it becomes less and less profitable. Savills expects the average London rent — across all property types — to jump another 5.5% next year. Sally Vince, who works in commercial property, told CNN Business that after a “very stressful” time looking for her £700 ($832) room this summer, she took what she could get.

☆ Inflation bonds have surged in popularity amid a flight to safety. Why they may also be a good opportunity for younger investors
▼ + stars: | 2022-10-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Investments in the U.S. Treasury's Series I savings bonds have surged this year as prices climbed and so far show few signs of easing. I bonds offer holders a standard fixed rate together with a variable rate that shifts every six months, the latter depending on the latest consumer price index numbers. Even putting a few thousand dollars in the bond could offer a decent cash cushion for times ahead, she said. While a safe haven for cash, I bonds are not an alternative to investing, McLoughlin said. Despite the market's dismal performance this year, equities offer much better returns for those with longer time horizons, she said.

☆ Rates on I bonds are expected to drop in November. Why they're still offering the best risk-free return
▼ + stars: | 2022-10-21 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

If you buy an I bond before Oct. 28, you will lock in the 9.62% interest rate for six months. How to buy I bonds I bonds can only be bought on the government website, TreasuryDirect.com , which has been recently updated . "If you are going to need it in the next year or two, that is a great interest rate you can make." However, a diversified bond portfolio will likely provide the same results over the long term, she added. Another thing to think about is how much you are holding in I bonds, McLoughlin said.

REUTERS/Michelle McLoughlinOct 12 (Reuters) - A Connecticut jury on Wednesday ordered U.S. conspiracy theorist Alex Jones to pay $965 million for spreading falsehoods about the 2012 Sandy Hook mass shooting. December 2012 - A gunman kills 20 children and six staff members at Sandy Hook Elementary School in Newtown, Connecticut, using a Remington Bushmaster rifle. May 23, 2018 - Fourteen relatives of Sandy Hook victims sue Jones and four entities connected to Jones in Connecticut state court. Oct. 31, 2018 - Another Sandy Hook parent sues Jones and Free Speech Systems in Texas, where Jones' radio show and webcast are based. The case was dismissed in June after the Sandy Hook parents intervened, arguing it was a stall tactic.

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