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☆ Tesla is approaching its 'most hyped' event in a decade. Here's what Wall Street is expecting from Robotaxi Day.
▼ + stars: | 2024-10-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Tesla is about to unveil its Robotaxi, the self-driving car Elon Musk has talked about for years. Tesla will host its long-awaited Robotaxi event on Thursday, where the company is set to unveil the self-driving car Musk has teased for years. Tesla shares slumped earlier this year after Musk moved the Robotaxi event from August to October, which fueled concerns about the new technology. Tesla is hosting the Robotaxi event at Warner Bros. That venue may be able to demo the self-driving car with a Hollywood polish, analysts have said.

Persons: Tesla, Elon Musk, —, Elon, Jay Woods, They've, Woods, Musk, UBS Tesla, Wedbush, Garrett Nelson, Nelson, CFRA Organizations: Service, Freedom Capital, Schwab Network, UBS, Warner Bros, Bloomberg, Truist Securities Truist Securities, Optimus, Wedbush, Tesla, CFRA Research Locations: Hollywood

☆ Alex Umansky is obliterating the S&P 500 over the last 5 years. His 8 high-quality stock picks for strong returns.
▼ + stars: | 2024-10-01 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Baron Durable Advantage Fund, managed by Alex Umansky, is up 136% in five years. It's the Baron Durable Advantage Fund (BDAIX), overseen by one of the firm's star managers, Alex Umansky. It's "the closest thing we have to an all-weather fund," Umansky told Business Insider. When putting a stock in the fund, Umansky said he has so much confidence in the quality and advantages of the business that he intends to hold it forever. The semiconductor producers make up 4.1% and 4.3%, respectively, of the Baron Durable Advantage Fund.

Persons: Alex Umansky, —, Ron Baron, Umansky, Baron, weren't, it's, OpenAI, That's Organizations: Broadcom, Taiwan Semiconductor, Meta, Microsoft, Service, Spotify, Business, Nvidia, Growth, Arch, Apollo Global Management Locations: Blackstone

☆ Spooky season watch guide: 13 movies and TV series sure to freak you out heading into Halloween
▼ + stars: | 2024-10-01 | by ( Dan Heching | ) edition.cnn.com time to read: +7 min

CNN —While fall vibes and pumpkin spice lattes have already been upon us for a number of weeks, it’s now official: spooky season is finally here. Here’s your handy guide for all things spooky coming out this Shocktober, on screens and streams:“Hold Your Breath”Sarah Paulson in "Hold Your Breath." “‘Salem’s Lot” premieres on October 3 on Max, which like CNN is owned by Warner Bros. Brownie HarrisJudging from the trailer, this PG-13-rated caper still looks somewhat spooky, with a healthy helping of “Stranger Things”-style nostalgia thrown in. Will Stone/VerticalA bizarre but madcap-looking rom-com/horror hybrid, “Your Monster” follows a distraught woman (Melissa Barrera, fresh off her tenure of 2022’s “Scream” and “Scream VI”) who discovers a beastly but charming monster in her closet.

Persons: it’s, Agatha, Sarah Paulson, ” Ariana deBose, Balazs Glodi, Oscar, Ariana DeBose, Barbie Ferreira, Justin Lubin, Max Vampires, Stephen King, Rob Lowe –, “, Mel Gibson, Mason, Brownie Harris, Vineyard, Patrick Renna, Dylan O'Brien, Max, Dylan O’Brien, Wolf, “ Teacup, Caleb Dolden, Yvonne Strahovski, Daniel McFadden, Peacock, Scott Speedman, David Howard Thornton, Jesse Korman, ”, Naomi Scott, Drew “, ” Barrymore, Lukas Gage, Julie Bowen, – Leigh Whannell, Cary Elwes, Tobin Bell, Leigh Whannell, Shawnee Smith, Kelsey Asbille, ” Kelsey Asbille, Michelle Pfeiffer, Costarring Finn Wittrock, Sam Raimi, Melissa Barrera, Tommy Dewey, Will Organizations: CNN, Disney, Hulu, “, Warner Bros ., Paramount, Netflix Locations: Oklahoma, Maine, Shudder, Caddo, Georgia, cineplexes

Average 30-year mortgage rates dropped 26 basis points to 6.47%, their lowest level since May 2023, according to Freddie Mac. If today's mortgage rates are lower than the rate you're currently paying, refinancing could be worth it. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. Now that inflation has decelerated and a Fed cut is looking more likely, mortgage rates have trended down. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: Freddie Mac, Sam Khater, Freddie Mac's, you'll, Fannie Mae Organizations: Zillow, Mortgage, Association, Sky Locations: Chevron

Mortgage rates are down in response to the labor market slowing. Average 30-year mortgage rates are now hovering in the low 6% range, according to Zillow data, the lowest they've been since January 2024. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. This is a significant slowdown compared when it peaked at 9.1% in 2022, which means mortgage rates should start trending down soon. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: you'll, Fannie Mae Organizations: of Labor Statistics, Federal Reserve, Zillow, Mortgage, Association, Sky Locations: U.S, Chevron

Mortgage rates have been prohibitively high this year for many would-be homebuyers. But as mortgage affordability improves throughout the next few months, more buyers should be able to find a home and mortgage payment that fits their budget. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. This is a significant slowdown compared when it peaked at 9.1% in 2022, which means mortgage rates should start trending down soon. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: you'll, Fannie Mae Organizations: Zillow, Mortgage, Association, Sky Locations: Chevron

Mortgage rates have steadily been decreasing for several months now. Mortgage rates are determined by a variety of factors, including economic trends, Fed policy, investor demand, and more. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. This is a significant slowdown compared when it peaked at 9.1% in 2022, which means mortgage rates should start trending down soon. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: they've, Freddie Mac, you'll, Fannie Mae Organizations: Federal Reserve, Zillow, Mortgage, Association, Sky Locations: Chevron

Mortgage rates are the lowest they've been since March in response to cooler-than-expected inflation data. This could help mortgage rates fall even further than currently expected, potentially boosting affordability for homebuyers later this year. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. This is a significant slowdown compared when it peaked at 9.1% in 2022, which means mortgage rates should start trending down soon. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: you'll, Fannie Mae Organizations: Federal Reserve, Zillow, Mortgage, Association, Sky Locations: Chevron

Mortgage rates have been holding steady so far this week, but they could fluctuate on Thursday when the Bureau of Labor Statistics releases June's Consumer Price Index data. If this index shows that inflation slowed last month, rates could ease. As inflation slows and the Federal Reserve is able to start lowering the federal funds rate, mortgage rates are expected to go down. This should remove some of the upward pressure off of mortgage rates and allow them to trend down more substantially. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: they're, you'll, Fannie Mae Organizations: Bureau of Labor Statistics, Federal Reserve, Investors, Zillow, Mortgage, Association, Sky Locations: Chevron

Mortgage rates increased overall this week, with 30-year mortgage rates ticking up closer to 7%, according to Freddie Mac. This means mortgage rates should go down in the coming months and years. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. Sky high mortgage rates have pushed many hopeful buyers out of the market, slowing homebuying demand and putting downward pressure on home prices. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: Freddie Mac, Sam Khater, Freddie Mac's, you'll, Fannie Mae Organizations: Federal Reserve, Zillow, Mortgage, Association, Sky Locations: Chevron

According to data from Zillow, 30-year mortgage rates are currently 6.55%, and 15-year mortgage rates are currently 5.96%. Mortgage rates could decrease more dramatically if the Fed decides to cut rates. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. Sky high mortgage rates have pushed many hopeful buyers out of the market, slowing homebuying demand and putting downward pressure on home prices. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: they've, you'll, Fannie Mae Organizations: Zillow, Mortgage, Association, Sky Locations: Zillow, Chevron

After finally dropping below 7% earlier this month, 30-year mortgage rates have been holding relatively steady in the mid-to-high 6% range, according to Zillow data. Once the Fed is able to start lowering rates, mortgage rates are expected to fall. Mortgage rates are expected to go down this year, but they might not drop as much as initially expected. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: you'll, Fannie Mae Organizations: Federal, Consumer, Mortgage, Zillow, Association, Sky Locations: March's, Chevron

☆ Morgan Stanley's Slimmon names tech stocks to buy at a 'reasonable price'
▼ + stars: | 2024-05-22 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Morgan Stanley Investment Management's Andrew Slimmon has been consistently bullish on stocks — even during periods of volatility. Given the "sky high" inflation numbers in 2022 and 2023, Slimmon said, it's "only natural" that inflation would be on a downward trajectory as the year-on-year comparisons were "relatively easy." Last week, the April consumer price index report in the U.S. showed that inflation eased slightly for the month. "The problem is, as we get into May number, June numbers, July numbers of last year, those CPI numbers really came down quite a bit," Slimmon told CNBC's " Street Signs Asia. " "When you think about Netflix, Amazon, you're talking about two [companies] that give a lot of value to their customers for a relatively reasonable price," Slimmon said.

Persons: Morgan Stanley, Andrew Slimmon, it's, Slimmon, CNBC's, —, Jeff Cox Organizations: Morgan Stanley Investment, CNBC, U.S . Federal Reserve, Treasury, Federal Reserve, Netflix, United Rentals, Waste Management Locations: U.S

☆ OpenAI puts flirty ChatGPT voice that sounds like ScarJo in ‘Her’ on hold
▼ + stars: | 2024-05-20 | by ( Brian Fung | Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —OpenAI says it’s hitting the pause button on a synthetic voice released with an update to ChatGPT that prompted comparisons with a fictional voice assistant portrayed in the quasi-dystopian film “Her” by actor Scarlett Johansson. “We’ve heard questions about how we chose the voices in ChatGPT, especially Sky,” OpenAI said in a post on X Monday. A spokesperson for the company said that structure would help OpenAI better achieve its safety objectives. OpenAI President Greg Brockman responded in a longer post on Saturday, which was signed with both his name and Altman’s, laying out the company’s approach to long-term AI safety. “We have raised awareness of the risks and opportunities of AGI so that the world can better prepare for it,” Brockman said.

Persons: New York CNN — OpenAI, Scarlett Johansson, OpenAI, “ We’ve, ” OpenAI, “, Desi Lydic, ”, ” Lydic, Joaquin Phoenix, Everett, Sam Altman, Johansson, Jan Leike, Ilya Sutskever, Altman, Leike, Greg Brockman, ” Brockman Organizations: New, New York CNN, Daily, Warner Bros ., White, CNN Locations: New York, ChatGPT, OpenAI

Mortgage interest rates have moved lower amid signs that persistently high inflation may be starting to cool. The 10-year Treasury yield fell following the release of this data, and mortgage rates followed suit. Once inflation slows enough that the Federal Reserve is able to start lowering the federal funds rate, mortgage rates and other consumer rates should trend down. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: you'll, Fannie Mae Organizations: of Labor Statistics, Treasury, Federal Reserve, Investors, Zillow, Mortgage, Association, Sky Locations: Chevron

☆ I'm moving out of Texas after 60 years there. The culture has changed and big tech firms have made Austin too expensive.
▼ + stars: | 2024-05-12 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +10 min

Austin has been my home for more than 60 years — minus the time spent following around my military husband. Austin just isn't what it used to beMy family and I moved to Austin in 1963. The University of Texas students really kept the city young and on its toes. AdvertisementIt costs so much to afford homes in Austin nowAfter moving to South Carolina for the military, my husband and I moved back to Austin in 1998. AdvertisementThere are things I am going to miss about Austin, like the cheap gas, and the HEB grocery market.

Persons: Flora Batts, —, Austin, wasn't, BrandonSeidel, Shawn Phillips, Michael Dell, they've, It's, Batts, I'm, doesn't, Joy, We've, we've, it's Organizations: Service, Austin, Capitol, The University of Texas, Tech, Social Security, Batts I'm, Paramount Locations: Texas, Pennsylvania, Flora Batts, Odem, Amarillo, Austin, Dallas, Houston, North Austin, South Carolina, Batts Texas, Colorado, Virginia, Erie, Austin . In Erie, Lake Erie

☆ RFK Jr. details medical abnormality that he says was a parasitic worm in his brain
▼ + stars: | 2024-05-09 | by ( Aaron Pellish | ) edition.cnn.com time to read: +3 min

CNN —Independent presidential candidate Robert F. Kennedy Jr. on Wednesday detailed the medical abnormality he experienced in 2010 that he said was caused by a worm that entered his brain and then died, marking his first public explanation of the incident. “The issue was resolved more than 10 years ago and he is in robust physical and mental health. Questioning Mr. Kennedy’s health is a hilarious suggestion, given his competition,” the campaign said, referring to the advanced ages of the 81-year-old President Joe Biden and 77-year-old former President Donald Trump. So, ten times what, you know, the EPA levels were for blood mercury, I think it was,” Kennedy said. And I had that chelated out and all of that brain fog went away.”Kennedy said he has made a full recovery from both health incidents.

Persons: Robert F, Kennedy Jr, Kennedy, Brian Shapiro, ”, “, Stefanie Spear, Joe Biden, Donald Trump, Peter Hotez, Dean, Hotez, ” Kennedy, Michelle Shen Organizations: CNN, Independent, New York Times, National, Tropical Medicine, Baylor College of Medicine Locations: India, Africa, South America, Asia, Houston

☆ Israeli and Hamas Negotiators Are in Cairo Under Pressure for Cease-Fire
▼ + stars: | 2024-05-08 | by ( Isabel Kershner | ) www.nytimes.com time to read: +5 min

The Israeli ground-and-air operation in the eastern part of Rafah on Tuesday further hampered the area’s struggling medical system. Fearing a raid by Israeli forces, like those that have been carried out at hospitals across Gaza, the medical staff at al-Najjar rushed to relocate more than 200 patients. But even during the scramble to evacuate the hospital, Israeli airstrikes on Rafah continued. The Israeli military’s actions also immediately limited access to more basic health services across Rafah. That delegation was also supposed to deliver the salaries of the aid group’s medical workers in Rafah — cash they desperately needed to secure housing and transportation during the chaotic evacuation.

Persons: Abu Yousef al, ” Dr, Marwan al, Najjar, Khan Younis, Hams, ”, Israel, —, Chessa Latifi, Hatem Khaled, Kamal Adwan, “ We’ve, ” Ms, Latifi, Dr, John Kahler, MedGlobal, Kahler Organizations: Najjar, Hams, European Hospital, International Medical Corps, HOPE, ., Project HOPE, Kamal Adwan Hospital, Health, Awda Locations: Rafah, Gaza, Israeli, Israel, Khan, al, U.S, Gaza City, Cairo

Goldman Sachs hiked its price target on Nvidia, calling for nearly 20% more gains ahead. The firm upgraded shares of Target to buy from neutral, and reiterated its $180 per share price target. The firm upgraded the clothing retailer to buy from neutral and increased its target price to $28 per share from $21. — Brian Evans 5:45 a.m.: Goldman Sachs raises Nvidia price target on still strong AI demand Goldman Sachs sees enough demand for artificial intelligence to drive sky high Nvidia even higher. The firm reiterated a buy rating on the chipmaker and raised its 12-month price target on the chipmaker to $1,100 from $1,000.

Persons: Goldman Sachs, TGT, Paul Lejuez, — Brian Evans, Wall, Brian Evans, Stephanie Yee, Toshiya Hari, Myles Allsop, Allsop, Fred Imbert Organizations: CNBC, Nvidia, UBS, Vale, Citi, Target, JPMorgan, UL Solutions, UL Locations: Monday's, North America, U.S, stoke, RIO

Mortgage rates trended down a bit late last week, with 30-year mortgage rates dropping just below 7%, according to Zillow data. This is a sign that the economy is coming into better balance, which is good news for mortgage rates. Once inflation slows enough that the Federal Reserve is able to start lowering the federal funds rate, mortgage rates should trend down. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: you'll, Fannie Mae Organizations: of Labor Statistics, Federal Reserve, Investors, Zillow, Mortgage, Association, Sky Locations: Chevron

Currently, 30-year mortgage rates are above 7%, according to Zillow data. Hotter-than-expected economic data has pushed mortgage rates up this year. This would allow more hopeful homebuyers to enter the market and find a home with an affordable monthly mortgage payment. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: Fannie Mae, homebuyers, you'll Organizations: Zillow, Mortgage, Association, Sky Locations: Chevron

Mortgage rates haven't changed much over the last week, but they could move up or down later this week depending on how a couple of big economic reports turn out. If these reports come in hotter than expected, mortgage rates could tick up higher. This index is expected to come in a bit lower than last month's reading, which would be good news for mortgage rates. This means we could see mortgage rates start to trend down in fall. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: you'll, Fannie Mae Organizations: Zillow, Mortgage, Association, Sky Locations: Chevron

Average 30-year mortgage interest rates are hovering around 7%, according to Zillow data. Last week, mortgage rates climbed to levels not seen since November 2023 after the latest Consumer Price Index report showed that inflation was hotter than expected in March. While the Fed doesn't set mortgage rates, changes in the federal funds rate do influence mortgage lenders' decisions on how much interest to charge on loans. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: you'll, Fannie Mae Organizations: Federal Reserve, CPI, Zillow, Mortgage, Association, Sky Locations: Chevron

☆ Fashion’s Favorite Farm
▼ + stars: | 2024-04-14 | by ( Jessica Iredale | ) www.nytimes.com time to read: +1 min

There are certain things the fashion industry will always love: The young and beautiful. By those metrics, Dan Colen is giving fashion a lot to love right now. A blue-chip artist represented by the mega-gallery Gagosian, he founded a farm called Sky High that donates 100 percent of its food to local pantries in upstate New York. Among the infamous work from that time were the “hamster nests” Mr. Colen created with Dash Snow. Snow ejaculated on newspapers while Ryan McGinley photographed the whole scene, including Mr. Colen’s oft-mentioned genitals.

Persons: Dan Colen, Colen, Dash Snow, Snow, Ryan McGinley, Colen’s Locations: New York, York

A hotter-than-expected inflation report has pushed back expectations for a Federal Reserve interest rate cut. This means mortgage rates are likely to remain elevated for longer than many forecasters had anticipated. This would keep mortgage rates elevated throughout the summer homebuying season, when many home shoppers will be looking to get a mortgage. "March inflation figures were very bad, which also means bad news for interest rates," Lawrence Yun, chief economist for the National Association of Realtors, said in a blog post reacting to March's CPI data. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: Lawrence Yun, you'll, Fannie Mae Organizations: Federal, Labor Statistics, National Association of Realtors, Zillow, Mortgage, Association, Sky Locations: Chevron

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