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☆ This star of 'The Secret Lives of Mormon Wives' says her husband is related to Ben Affleck. The genealogy records we found tell a different story.
▼ + stars: | 2024-09-19 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +7 min

And now, the show about a group of Mormon influencers has yet another controversy — this one involving Ben Affleck. Well, Ben Affleck probably shouldn't be involved at all (more on that later). William Preston Affleck was born in 1801 in Scotland and moved to England sometime before 1825, eventually settling in Preston. It's impossible to say definitively that Zac Affleck and Ben Affleck are not very distant cousins. What the public records show, however, is that Zac Affleck and Ben Affleck are not second cousins, or third cousins, or even fourth cousins.

Persons: —, TikTokers, influencers, Ben Affleck, Jennifer Affleck, who's, Zac Affleck, Zac Ben's, Zac, Ben's, Jennifer Lopez's, Ben, they're, Jen, She's, didn't, Dave Affleck, Scotland Ben, Casey Affleck, Chris Pizzello, Ben Affleck's, Affleck, Myron Affleck, Jr, William Affleck, Zac Affleck's, Preston, William Preston Affleck, William, William Smith Muir, Muir, Joseph Smith, it's, William Afflecks Organizations: Service, Business, AP, Hulu, New York Times, Census, Scottish Locations: Utah, Scotland, Boston, Massachusetts, Rhode Island, Yonkers , New York, Glasgow, Yonkers, United States, U.S, Preston, Lancashire, England, Nauvoo , Illinois

Accused sex trafficker Sean "Diddy" Combs was set to return to a New York City courtroom on Wednesday afternoon, where his lawyers will again push for bail and pre-trial freedom from "horrific" jail conditions. Combs came to New York City to surrender to government agents before his arrest, defense lawyers said. Furthermore, Combs said he shouldn't be subjected to rough conditions at a federal lockup in New York City, citing murders and suicides that have occurred in that jail in recent years. "Numerous courts in this district have raised concerns with the horrific conditions of detention here." A grand jury indicted Combs on three felony counts: racketeering, sex trafficking and using transportation to engage in prostitution, court documents showed.

Persons: Sean, Diddy, Combs, Marc Agnifilo, Robyn Tarnofsky Organizations: Metropolitan Detention Locations: New York City, Brooklyn

☆ The Fed is poised for its first rate cut in years, but it may be too soon to refinance your mortgage
▼ + stars: | 2024-09-18 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

The Federal Reserve is poised to make its first interest rate cut in years on Wednesday. While mortgage rates are partly influenced by the Fed's policy, they are also tied to Treasury yields and the economy. Home loan rates have already started to come down in recent weeks, slightly induced in part by favorable economic data and indications the Fed could cut rates. As of Thursday, Sept. 12, the average 30-year fixed rate mortgage in the U.S. was 6.20%, according to Freddie Mac data via the Fed. "It's almost impossible to figure out what mortgage rates are going to do from week to week or month to month," Ostrowski said.

Persons: Chen Zhao, Freddie Mac, Jeff Ostrowski, Ostrowski Organizations: Federal, CNBC, Treasury, Finance Locations: Redfin, U.S

☆ YouTube's CEO on hefty creator payouts, election deniers, and the NBA: Q&A
▼ + stars: | 2024-09-18 | by ( Peter Kafka | ) www.businessinsider.com time to read: +11 min

Why do you think that's the case? Have you thought about how you're going to handle people saying that the election was fraudulent? Related storiesIt's not what gets talked a lot about, but that's actually what users experience. But there's going to be people who go, "What happened to so-and-so conspiracy theorist? I'd heard, and I think there's been some reporting out that you guys made an offer for that package.

Persons: We've, Neal Mohan, Mohan, —, Snapchat, they're, we've, They're, it's, Donald Trump, that's, Rudy Giuliani, what's, I've, I'd, there's Organizations: Service, YouTube, Google, CNN, New York Times, Fox News, ABC, Elon Musk, Twitter, NBA, Warriors Locations: India

☆ Stock market today: Indexes edge up ahead of major Fed interest rate decision
▼ + stars: | 2024-09-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

US indexes edged higher as investors waited for a likely interest rate cut from the Fed. AdvertisementUS stocks rose on Wednesday as traders readied for what's likely to be the Federal Reserves's first rate cut in four years. "Though consensus is leaning toward a 50 basis point move, we look for the Fed to cut by 25 basis points today. AdvertisementFollowing the interest rate decision, all eyes will be on Fed Chair Jerome Powell, who will deliver prepared remarks during a press conference. "While the market has usually bounced immediately following the 2 PM rate decision, the sell-off usually starts at or near the end of Powell's post-FOMC press conference."

Persons: Jerome Powell's, —, John Lynch, José Torres, Jerome Powell, Powell, shouldn't Organizations: Fed, Traders, Service, Federal, Comerica Wealth Management, Interactive, Deutsche Bank, Investment

☆ CNBC Daily Open: Hoping for a 50-basis-point cut
▼ + stars: | 2024-09-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Anna Moneymaker | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Without any warning signs flashing red, it's difficult for the Fed to justify lowering rates by more than a quarter point. That's why some economists and analysts hope the Fed will cut by half a point. "But I suspect they'll cut 25," Zandi added.

Persons: Anna Moneymaker, Mark Zandi, they'll, Zandi, Hope, Jeff Cox, Hakyung Kim, Samantha Subin Organizations: Federal Reserve, Getty, CNBC, Dow, Moody's Locations: Washington , DC, U.S

☆ Amazon calls workers back 5 days a week—other companies may be 'right behind them,' expert says
▼ + stars: | 2024-09-18 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

The decision marks a significant shift from Amazon's earlier policy, which required employees to badge in three days a week. Following the announcement, anxious workers have flooded LinkedIn and X feeds with posts wondering if their companies would be next to get rid of flexible work arrangements. Just one-third (33%) of U.S. companies require employees to come to the office five days a week, according to recent data from Flex Index, a platform that tracks companies' flexible work policies. Under 10% of tech companies with more than 1,000 employees have such a requirement. "We might see other smaller tech companies follow Amazon's lead, but most will continue sticking to some kind of hybrid arrangement," he says.

Persons: Andy Jassy, Jassy, we've, Dan Kaplan, haven't, Brian Elliott, hasn't, Kaplan, Elliott, we'll Organizations: Amazon.com Inc, Amazon, Citigroup, Walmart, UPS, Kastle Systems, Flex, Workers, Employees Locations: Seattle , Washington, lockstep, U.S

☆ Sean 'Diddy' Combs shouldn't expect special treatment at a notorious Brooklyn jail that's like 'hell on earth'
▼ + stars: | 2024-09-18 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +5 min

A former warden at the facility told Business Insider that Combs can expect to be treated like any of the other 1,200 inmates at the Brooklyn jail. Advertisement"Any time one is being detained at the Metropolitan Detention Center, it's never going to be a picnic," Cameron Lindsay, the retired warden, told BI. Sean "Diddy" Combs is currently being housed at an infamous Brooklyn jail. "Given his status as a celebrity and a rap star, I would believe, of course, that he would be single-celled and isolated under very austere conditions," Cameron Lindsay told BI. Numerous Courts in this district have raised concerns with the horrific conditions of detention there," Combs' lawyers wrote.

Persons: —, Sean, Diddy, Combs, Kelly, Sam Bankman, Ghislaine Maxwell —, it's, Cameron Lindsay, Mark Bederow, Lucas Jackson, Bederow, Robyn Tarnofsky, Lindsay Organizations: Service, Federal Bureau of Prisons, Metropolitan Detention, Business, MDC Locations: Los Angeles, Miami, Brooklyn, Manhattan, Beverly Hills

☆ CNBC Daily Open: Hoping for a half-point cut
▼ + stars: | 2024-09-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Persons: Anna Moneymaker, Mark Zandi, they'll, Zandi, Hope, Jeff Cox, Hakyung Kim, Samantha Subin Organizations: Federal Reserve, Getty, CNBC, Dow, Moody's Locations: Washington , DC, U.S

☆ What to do with your money as interest rates drop
▼ + stars: | 2024-09-18 | by ( Business Insider | ) www.businessinsider.com time to read: +4 min

The last time the Federal Reserve Board cut interest rates was in 2020. Read more on buying a house after interest rates drop »Read more on refinance rates after an interest rate drop »Your savings ratesExpect: Savings account and CD rates to start falling. Remember, though: High-yielding money market and savings accounts continue to outearn regular bank accounts even as rates drop. Read more on savings rates after an interest rate drop »Compare Banking OffersYour investmentsExpect: Short-term fluctuations that shouldn't affect long-term strategies. Read more on investing after an interest rate drop »Your credit card debtExpect: More of the same.

Persons: We're, Read, you've Organizations: Federal Reserve Board, Fed, overreacting, Federal

☆ I'm about to turn 40, and people say I'll regret being child-free. I won't.
▼ + stars: | 2024-09-18 | by ( Gary Nunn | ) www.businessinsider.com time to read: +5 min

I turn 40 next March, so I'm at the age where I'm relatively often asked when I'll have kids. I'm childless because of my choices, and I'm happy this wayI say I'm not childless by choice, but I'm happily childless by the choices I've made in life. AdvertisementJodie Humphries is child-free and wishes people would stop telling people she'll regret not having kids. Courtesy of Jodie HumphriesI don't think people should assume women will regret not having kidsThose same older female relatives will say I'll regret not having my own children. Having kids isn't a duty I need to fulfill as a woman; it should be a decision made thoughtfully and wholeheartedly.

Persons: —, Jodie Humphries, I'm, haven't, I've, it'd, I'd, that's, We've, don't Organizations: Service, Business

OceanGate CEO Stockton Rush, left, and pilot Randy Holt dive in the company's submersible Antipodes in 2013. But Rush still had him inspect the Titan as it was nearing completion in early 2018, Lochridge said. The five people killed when the Titan submersible imploded in June 2023, clockwise from top left: Hamish Harding, Paul-Henri Nargeolet, Stockton Rush, and Suleman and Shahzada Dawood. Lochridge testified Tuesday that he told Rush he shouldn't be in charge of that trip, but the CEO was adamant. (The submersible had gained attention when it was unveiled the previous year because it used a PlayStation controller for piloting.)

Persons: David Lochridge, OceanGate, Lochridge, Rush, Randy Holt, Wilfredo Lee, Andrea Doria, Stockton, Hamish Harding, Paul, Henri Nargeolet, Shahzada Dawood, Dawood, Tony Nissen, Nissen, —, shouldn't Organizations: Stockton Rush, U.S . Coast Guard, Coast Guard's Marine Board, Justice Department, Titan, Getty, LinkedIn, Coast Guard, Rush, PlayStation, Occupational Safety, Health Administration, OceanGate Locations: U.S, Washington, South Carolina, Scotland, Massachusetts

☆ Stock market setting itself up for disappointment as it hits all-time high ahead of the Fed
▼ + stars: | 2024-09-17 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Last week, markets expected a quarter-point rate cut and were just happy that the Fed was starting the cutting cycle. .SPX YTD mountain S & P 500, YTD And fed funds futures now point a majority of traders seeing a half point cut. Even though most Fed officials and economists believe the central bank would start with a quarter point. But now we've gone from that fear to expecting a half point. On the other hand, the JPMorgan traders think that a cut of a quarter point would "add to market uncertainty," meaning that we probably shouldn't expect the market to keep building on its all-time highs with a quarter point.

Persons: wouldn't, Michael Feroli, CNBC's Organizations: Federal Reserve, Dow Jones, JPMorgan

☆ If gentle parenting doesn't work for you, try structured parenting instead. As a mom and educator, I think it's better for kids and parents.
▼ + stars: | 2024-09-17 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

Gentle parenting — which I define as an approach that centers kids' social-emotional needs — started off with the best of intentions, I believe. I think a lot of them would be better served by another parenting approach, one that educators love: structured parenting. While it's different from so-called gentle parenting, structured parenting is still gentle, kind, and individualized. Structured parenting means moms and dads don't lose themselvesParents are more self-critical these days than they ever have been. Structured parenting lets you deliver love and empathy, not only to your children but to yourself.

Persons: —, Pam Allyn, Dewey, I've, what's, shouldn't Organizations: Service, Business

☆ How data-security posture management could make your cloud systems less vulnerable
▼ + stars: | 2024-09-17 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +6 min

Companies can face data-security challenges with cloud storage and access management. Dan Benjamin, the senior director of product management at Prisma Cloud, a cloud-security platform made by Palo Alto Networks, said that incorporating data-security posture management into cybersecurity strategies could help solve many of these problems. This is crucial, as an IBM report published in 2023 estimated that 82% of data breaches involved data stored in the cloud. Organizations also often use several cloud systems and sometimes lack a solid security strategy for maintaining, updating, and securing data. Liat Hayun, the vice president of product management and research of cloud security at the cybersecurity company Tenable, said cloud environments' flexibility makes them attractive to companies.

Persons: —, Dan Benjamin, Benjamin said, Liat Hayun, Tenable, they're, Hayun, haven't, Benjamin, DSPM, Julie Madhusoodanan, Madhusoodanan Organizations: Service, Palo Alto Networks, LinkedIn, Companies Locations: DSPM, Normalyze

☆ The market has backed the Fed into a corner, says Michael Landsberg
▼ + stars: | 2024-09-17 | 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 EmailThe market has backed the Fed into a corner, says Michael LandsbergMichael Landsberg, CIO at Landsberg Bennett Private Wealth Management, joins CNBC's 'The Exchange' to discuss why he thinks the Fed shouldn't cut rates by 50 basis-points, why stocks are having mixed reactions to macro data, and more.

Persons: Michael Landsberg Michael Landsberg Organizations: Bennett, Wealth Management

☆ The Fed's biggest interest rate call in years happens Wednesday. Here's what to expect
▼ + stars: | 2024-09-17 | by ( Jeff Cox | ) www.cnbc.com time to read: +7 min

The meeting wraps up Wednesday afternoon, with the release of the Fed's rate decision coming at 2 p.m. "I hope they cut 50 basis points, but I suspect they'll cut 25. Here's a breakdown of what's on tap:The rate waitThe FOMC has been holding its benchmark fed funds rate in a range between 5.25%-5.5% since it last hiked in July 2023. The 'dot plot'Perhaps just as important as the rate cut will be the signals meeting participants send about where they expect rates to go from here. In June, FOMC members penciled in just one rate cut through the end of the year.

Persons: Jerome Powell, William McChesney Martin Jr, Andrew Harnik, they'll, Mark Zandi, that's, Tom Simons, Zandi, Robert Kaplan, There'll, Seema Shah, FOMC, Moody's, Goldman Sachs, Powell presser, Goldman, Simons Organizations: Federal Reserve, Committee, Moody's, Wall, Jefferies, Dallas Fed, CNBC, Asset Management Locations: Washington , DC

☆ Here are the stocks that win when the Fed cuts rates with no recession
▼ + stars: | 2024-09-16 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Fed funds futures have fully priced in that the central bank will lower interest rates, according to CME's FedWatch tool . Many now expect the Fed will achieve the coveted "soft landing" outcome, which means inflation is curbed without tipping the economy into a recession. Rate cuts without a recession has historically been a positive mixture for stocks. Given this backdrop, CNBC Pro screened for names that have performed nicely in past periods where the Fed pulled rates lower without the U.S. economy tipping into a recession. To find these companies, CNBC Pro searched the S & P 500 for members with the highest median gain one year after the Fed has cut rates without an official recession.

Persons: Genuity, LSEG, Paul Lejuez, WMT Organizations: Reserve, CNBC Pro, Nike, Dow Jones Industrial, Intel, Boeing, Walmart, Dow, Citi, Wall Locations: U.S, Rochester , New York

☆ Jim Cramer: 'Don't freak out' about Fed rate-cut size, focus on stocks that benefit
▼ + stars: | 2024-09-16 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer said Monday that investors shouldn't panic over the size of the Federal Reserve's expected interest rate cut this week. Instead, they should focus on the stocks that will benefit from the easing monetary policy. He stressed, "What matters is we're in a rate cut cycle. In a rate cut cycle, you buy a lot of stocks that … should really start accelerating because they've been hurt." When central bankers announce their next policy move, Cramer said that there will likely be some market volatility regardless of the size of the reduction.

Persons: CNBC's Jim Cramer, Cramer, Stanley Blacker, Decker, Stanley Black Organizations: Stanley, Trust, CNBC Locations: U.S, Cramer's

☆ Estheticians share 5 red flags to look out for when getting a facial
▼ + stars: | 2024-09-16 | by ( Chloe Caldwell | ) www.businessinsider.com time to read: +1 min

Business Insider asked estheticians about the red flags to watch out for when getting a facial. Go to newsletter preferences Thanks for signing up! After all, you want to select someone knowledgeable who will help your skin look and feel its best. Here are five red flags to look out for when getting a facial, according to estheticians. This story is available exclusively to Business Insider subscribers.

Persons: estheticians, — Organizations: Service, Business

☆ This is the 'billion-dollar blind spot' of 401(k)-to-IRA rollovers, Vanguard finds
▼ + stars: | 2024-09-16 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Rollovers from a workplace retirement plan to an IRA are common after reaching certain milestones like changing jobs or retiring. watch nowAbout two-thirds of rollover investors hold cash unintentionally: 68% don't realize how their assets are invested, compared to 35% who prefer a cash-like investment, according to Vanguard. The asset manager surveyed 556 investors who completed a rollover to a Vanguard IRA in 2023 and left those assets in a money market fund through June 2024. "IRA cash is a billion-dollar blind spot," Andy Reed, head of investor behavior research at Vanguard, said in the analysis. 'It always turns into cash'The retirement system itself likely contributes to this blind spot, retirement experts said.

Persons: Sergio Mendoza Hochmann, Andy Reed, Stocks, Philip Chao, Grace Cary, they're, Chao Organizations: Vanguard, Vanguard IRA, Finance, Security Locations: John , Maryland

☆ How to tell if it's imposter syndrome or if you're just bad at your job, from the ex-VP of HR at Microsoft
▼ + stars: | 2024-09-16 | by ( Chris Williams | ) www.businessinsider.com time to read: +6 min

Read previewAs the former VP of HR at Microsoft and now an advisor to executives worldwide, I see imposter syndrome daily. Are you not very good at your job or is it just the imposter syndrome talking? How can you tell if your self-doubt — often that debilitating imposter syndrome — is justified? If you're getting good reviews, that almost always means you're doing good work. AdvertisementRereading your reviews can bolster your self-esteem and combat looming imposter syndrome.

Persons: —, Bill Gates, Steve Ballmer, I've, they're, wouldn't Organizations: Service, Microsoft, Business

My mom is a little old-fashioned and has been upset with me for letting my boyfriend significantly influence my financial decisions. She has said multiple times that a man should have no say in my finances until he's put a ring on my finger. One, your mom has hard-won life experiences to offer, and you would be wise to hear her out. Only that we shouldn't reject our parents' advice out of hand simply because they're "old-fashioned" or we think they're "projecting". Instead, it's about nobody having a say over anyone else's finances until they have a genuine stake in them.

Persons: We're, he's, I've, they've, That's Organizations: Service

☆ I Joined New York City's Rat Czar to Fight the City's Rodent Invasion
▼ + stars: | 2024-09-15 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

In reality, the Rat Pack offers regular citizens a crash course in rodent mitigation in hopes of inspiring them to take more active roles in what often feels like an unwinnable battle. AdvertisementThose who join the Rat Pack must complete three activities: a "rat walk" that promises to "uncover the world of urban rats," a two-hour "rat academy" on rodent-prevention methods, and a service project, like a park cleanup. If you seek to understand this rat, Corradi told our group, "you can kind of just hold up a mirror and look at yourself." Related storiesCorradi, recognizable from various press appearances and her navy Rat Pack hat, is supposed to offer New Yorkers additional peace of mind. And yet I secured my precious Rat Pack merch by doing exactly that.

Persons: Andrew Barrett, He's, Barrett, Eric Adams, Kathleen Corradi, Brooklyn's Herbert Von King, wouldn't, Corradi, haven't, Adams, Michael Parsons, we've, doesn't, there's, We've, —, I'd, shrugged, You'll Organizations: NYC, Cub Scouts, Anadolu Agency, Washington DC, Anadolu Locations: Brooklyn, Yorkers, New York, New York City, Chicago, Brooklyn's Chinatown, West Harlem

☆ JD Vance repeats claims about Haitian immigrants in Ohio, says he has to 'create stories' to get media's attention
▼ + stars: | 2024-09-15 | by ( Lauren Edmonds | John L. Dorman | ) www.businessinsider.com time to read: +3 min

Read previewSen. JD Vance on Sunday again claimed that Haitian immigrants were eating local pets in Springfield, Ohio. Advertisement"The American media totally ignored this stuff until Donald Trump and I started talking about cat memes," he said. When Bash asked Vance to clarify his remark about having to "create stories," Vance doubled down. "Dana, it comes from first-hand accounts of my constituents," Vance said. "I say that we're 'creating a story,' meaning we're creating the American media focusing on it."

Persons: —, Sen, JD Vance, CNN's Dana Bash, Donald Trump, Kamala Harris, Vance, Bash, Dana, Harris, Biden, Springfield's, Mike DeWine, haven't, DeWine Organizations: Service, Sunday, Republican, Ohio Republican, Business, Ohio Republican Gov, ABC News Locations: Springfield , Ohio, Springfield

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