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☆ With rates falling, don’t make this ‘big mistake’ with your cash
▼ + stars: | 2024-09-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

"The Fed rate cuts are likely to support inflows to money market funds over the course of the next year," Antoniewicz said. While retail investors may slow their pace of investment, institutional flows tend to ramp up since yields on money market funds lag the funds rate, she noted. That cash can stay in a money market fund, a high yield saving account or certificates of deposit. The bucket for three to five years has about 70% in fixed income, with a small amount of high yield bonds added that have durations under five years. He'll dip more into high yield, as well as private credit, in the six to 10-year fixed income category.

Persons: haven't, Shelly Antoniewicz, Antoniewicz, Chuck Failla, you'll, Bond, Failla, Marcus, Kathy Jones, It's, Jones Organizations: Federal Reserve, Investment Company Institute, Sovereign Financial Group, Schwab Center, Financial Research, Treasury, nab Locations: Wells

☆ Trump Media hits new 52-week low after DJT lockup restrictions expire
▼ + stars: | 2024-09-20 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +1 min

Republican presidential nominee and former U.S. President Donald Trump looks on during a rally at Nassau Veterans Memorial Coliseum, in Uniondale, New York, U.S., September 18, 2024. Shares of Trump Media sank more than 7% Friday morning, hitting a new 52-week low one day after "lockup" restrictions expired, which had previously prevented its majority shareholder, former President Donald Trump, and other early investors from selling their shares. The lockup agreement first took effect when Trump Media went public in March, following a merger with a blank-check firm. The company has acknowledged in regulatory filings that the end of the lockup could spur large sales of the company's stock, which trades under the ticker "DJT." But even if insiders weren't the ones selling, the company has said that a perception by the markets that a sell-off was underway might drive down DJT's stock price.

Persons: Donald Trump, —, Kevin Breuninger Organizations: Nassau Veterans Memorial Coliseum, Trump Media, Securities and Exchange Commission Locations: Uniondale , New York, U.S

☆ Former Harrods owner Mohamed Al Fayed a ‘monster,’ say lawyers representing his alleged victims
▼ + stars: | 2024-09-20 | by ( Caitlin Danaher | ) edition.cnn.com time to read: +3 min

CNN —The legal team representing the alleged victims of the former owner of Harrods, Mohamed Al Fayed, say the late billionaire was a “monster” whose crimes were “enabled” by the high-end department store. Armstrong said Al-Fayad was a “monster” who committed a “vast web of abuse.”Setting out the legal claim being brought against Harrods, Armstrong said Al-Fayad was “enabled by a system” that pervaded the store. “This is and was a systematic failure of corporate responsibility, and that systematic failure is on the shoulders of Harrods,” Armstrong said. The legal team involved in the BBC investigation claimed Harrods knew of Al Fayed’s alleged crimes. Al Fayed’s son, Dodi Fayed, died in 1997 along with Princess Diana in a high-speed car crash in Paris.

Persons: Mohamed Al Fayed, Al, Fayed, Dean Armstrong, Armstrong, Fayad, ”, ” Armstrong, Al Fayed’s, Jeffrey Epstein, Jimmy Savile, Bruce Drummond, Shaun Curry, Gloria Allred, Harvey Weinstein, ” Allred, Dodi Fayed, Princess Diana, CNN’s Catherine Nicholls Organizations: CNN, Harrods, BBC, Getty, London’s Fulham Football Club Locations: ”, London, British, AFP, Britain, Paris

☆ Want to go 'behind the scenes' at a Formula 1 race? See how many hotel points it takes
▼ + stars: | 2024-09-20 | by ( Monica Pitrelli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWant to go 'behind the scenes' at a Formula 1 race? See how many hotel points it takesForget free rooms. Travelers are amassing hotel points to bid on 'money-can't-buy' experiences to Formula One races, NFL and NBA games, and concert performances from Taylor Swift and Ed Sheeran, with some loyalty members pledging millions to attend a single event, reports CNBC's Monica Pitrelli.

Persons: Taylor Swift, Ed Sheeran, CNBC's Monica Pitrelli Organizations: NFL, NBA

☆ Mohamed Al-Fayed, the late billionaire with links to the royal family, has been accused of sexually abusing multiple women
▼ + stars: | 2024-09-20 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Read previewMohamed Al-Fayed, an Egyptian-born billionaire, owned Harrods, a luxury London department store, for 26 years. After decades of fame and controversy, Al-Fayed died last August aged 94. Now, after years of mounting evidence and speculation, multiple women have come forward to say Al-Fayed sexually assaulted them. I just wanted it to be over," one unnamed woman, who said Al-Fayed raped her at his apartment in London's upmarket Park Lane, told the broadcaster. Al-Fayed owned Harrods for 26 years and later owned Fulham Football Club and the Paris Ritz.

Persons: —, Mohamed Al, Fayed, Princess Diana's, Dodi Fayed, Al, Gloria Allred, Mohamed Al Fayed, Forbes, Diana, Prince William, Prince Harry, St . Tropez Organizations: Service, Business, Harrods, Sky News, BBC, Al, CNN, Fulham Football Club, Paris Locations: Egyptian, Harrods, London, Paris, Park, St .

☆ This under-the-radar stock in Nvidia's supply chain is a 'hidden gem,' Jefferies says
▼ + stars: | 2024-09-20 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

One global stock stands out as a "unique play" in the Nvidia and artificial intelligence supply chain, according to Jefferies. It's German semiconductor firm SUSS MicroTec , Jefferies said in a Sept. 17 report, calling it a "hidden gem" among European semiconductor firms. The investment bank initiated coverage of the stock at a buy rating and a target price of 76 euros ($84). The firm has "multi-layered exposure" to an advanced packaging technology called Chip-on-Wafer-on-Substrate, said Jefferies, explaining that it's used to make AI chips. SUSS sells its products to two major high bandwidth memory suppliers and TSMC, to be used in the production of that advanced packaging.

Persons: Jefferies, MicroTec, it's, SUSS, — CNBC's Michael Bloom Organizations: Nvidia, U.S, Jefferies, NVIDIA Locations: TSMC

☆ McDonald’s touchscreen kiosks were feared as job killers. Instead, something surprising happened
▼ + stars: | 2024-09-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

New York CNN —Self-service kiosks at McDonald’s and other fast-food chains have loomed as job killers since they were first rolled out 25 years ago. The kiosks show the unintended consequences of technology in fast-food and retail settings, including self-checkout. Chains are now experimenting with artificial intelligence at drive-thru lanes, and the experience with kiosks holds lessons for them. It raised a familiar refrain that those workers would be replaced by technology, such as self-service kiosks. Fast-food chains and retailers need to do a better job communicating what the potential benefits of kiosks and self-checkout are to consumers and employees, Andrews said.

Persons: New York CNN —, McDonald’s, Robert Lynch, you’ve, Eva Marie Uzcategui, ”, RJ Hottovy, ” Hottovy, — don’t, “, Ed Rensi, Christopher Andrews, Andrews Organizations: New, New York CNN, Subway, Starbucks, Shack, Bloomberg, Getty, Temple University, Labor Department, Drew University Locations: New York, McDonald’s, United States, California

Now that the Fed has cut rates, mortgage rates may not drop much further in the near term. But if the Fed doesn't lower rates as much as expected this year, mortgage rates may hold steady or even inch up. But rates are still expected to come down further, so it may also be worth waiting to see how low mortgage rates go. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile.

Persons: Lawrence Yun, you'll, they've, Freddie Mac, it's, Fannie Mae Organizations: Federal Reserve, Wednesday, National Association of Realtors, Consumers, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Fed, Mortgage, Association Locations: Chevron

☆ I lost my sight as a child. Makeup gave me back my sense of self
▼ + stars: | 2024-09-20 | by ( Freya Rogers | ) edition.cnn.com time to read: +7 min

Today, makeup is part of everyday life, part of how we see ourselves and how others see us. As I grew up and my vision became more impaired, my relationship with makeup, and myself, started to crumble. Smoky eyes ‘til I dieI used to avoid eye makeup because precision was never my strong suit. Embrace your faceMy relationship with makeup has taught me many things, but the most important lesson is that it’s okay to embrace your face. Though my sister and I no longer live together, we still bond over our shared love of makeup.

Persons: kohl, JIA, Freya Rogers, —, Charlotte Tilbury’s, I’ve Organizations: CNN, kohl Locations: Egypt

☆ Nike CEO change is a 'step in the right direction,' says Oppenheimer's Brian Nagel
▼ + stars: | 2024-09-20 | 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 EmailNike CEO change is a 'step in the right direction,' says Oppenheimer's Brian NagelBrian Nagel, Oppenheimer & Co. senior analyst, joins CNBC's 'Power Lunch' to discuss what Nike's leadership change could mean for the company, the path forward for the stock, and more.

Persons: Oppenheimer's Brian Nagel Brian Nagel, Oppenheimer Organizations: Nike, Co

☆ Three Mile Island is reopening and selling its power to Microsoft
▼ + stars: | 2024-09-20 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Three Mile Island, the site of worst nuclear disaster in the United States, is reopening and will exclusively sell the power to Microsoft as the company searches for energy sources to fuel its AI ambitions. Microsoft will purchase the carbon-free energy produced from it to power its data centers to support artificial intelligence. Clean energy advocates and businesses alike are looking towards nuclear energy as a source of zero-carbon power that is a reliable baseload source. Three Mile Island, located near Harrisburg, is best known for being the most serious accident at a commercial nuclear power plant in US history when it experienced the partial meltdown of one of its two reactors. Demand for energy is expected to surge as tech giants need more sources of power to fuel their AI needs, especially nuclear power, which is carbon-free and helps them maintain their lofty climate goals.

Persons: weren’t, ”, Joe Dominguez, It’s, Joe Biden’s, Biden, Bobby Hollis, CNN’s Ella Nilsen Organizations: New, New York CNN, Microsoft, Constellation Energy, Constellation Locations: New York, United States, Harrisburg

☆ Surprised by how fast the market reacted to the Fed's rate cut, says Morgan Stanley's Andrew Slimmon
▼ + stars: | 2024-09-20 | 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 EmailSurprised by how fast the market reacted to the Fed's rate cut, says Morgan Stanley's Andrew SlimmonAndrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management, joins ‘Squawk Box’ to discuss Wall Street's reaction to Wednesday's rate cut, how the election could impact the markets, and more.

Persons: Morgan Stanley's Andrew Slimmon Andrew Slimmon Organizations: Morgan Stanley Investment Management

☆ Trade Tracker: Steve Weiss buys more Vertiv
▼ + stars: | 2024-09-20 | 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 EmailTrade Tracker: Steve Weiss buys more VertivSteve Weiss, founder and managing partner at Short Hills Capital Partners ,joins CNBC’s “Halftime Report” to explain why he's buying more Vertiv.

Persons: Steve Weiss Organizations: Short Hills Capital Partners

☆ Secret Service blames poor planning, 'complacency' for its failure to stop Trump assassination attempt
▼ + stars: | 2024-09-20 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

The U.S. Secret Service said Friday it was to blame for the near-assassination of former President Donald Trump at a July campaign rally, pointing to "complacency" by some of its agents and communication gaps with local police. "As I've said, this was a failure on the part of the United States Secret Service," said Ronald Rowe, the agency's acting director, at a press conference. The Secret Service was chiefly responsible for crafting the security plan at the presidential campaign rally near Butler, Pennsylvania, where assassin Thomas Crooks was able to open fire at Trump before being shot dead. Line-of-sight issues at the Republican nominee's rally site were known about but not effectively addressed in advance, Rowe went on. Rowe took over the Secret Service after former Director Kimberly Cheatle resigned from the agency on July 23, just 10 days after the assassination attempt.

Persons: Donald Trump, I've, Ronald Rowe, Thomas Crooks, Rowe, Trump, Corey Comperatore, Kimberly Cheatle Organizations: Service, Secret Service, United States Secret Service, Trump, Republican Locations: Butler , Pennsylvania, U.S

☆ Elena Congost to appeal ‘cruel’ disqualification after Paralympics controversy
▼ + stars: | 2024-09-20 | by ( Jamie Barton | ) edition.cnn.com time to read: +7 min

With Carol running steadily again, he and Congost crossed the finish line to claim the bronze medal – or so they thought. “I couldn’t believe what was happening,” Congost told CNN Sport. “The Spanish Paralympic Committee, thanks to pressure from the media, issued a statement on (September 8) that they would give me the grant as if I were a medalist. “(The Spanish Paralympic Committee) will pay me retroactively, they have promised. Thibault Camus/APCongost is adamant that Michishita, the Japanese runner who finished behind her, is not deserving of the bronze medal she was presented with.

Persons: Elena Congost, Mia Carol, Carol, Michishita, Carol cramping, Congost, ” Congost, “ I’d, I’d, I’m, “, ”, Thibault Camus Organizations: CNN, CNN Sport, Paralympic, Olympic Games, Spanish Paralympic Committee, Spanish Paralympic, National Sports Council, Spanish Federation of Sports for Blind People, SPC, Para Athletics, Athletics, Para, Japanese Paralympic Committee, Eiffel Locations: Spanish, Rio de Janeiro, Tokyo, Brazil, Paris, disqualifying

☆ Ikea's fleet of 250 autonomous drones takes stock of warehouse inventory without any human intervention
▼ + stars: | 2024-09-20 | by ( John Kell | ) www.businessinsider.com time to read: +9 min

Three years ago, a drone took flight at an Ikea warehouse in Switzerland for the first time. They're more self-sufficient, too: For every 10 minutes that a Verity drone is in flight, it charges for 20 minutes. Ikea's investments in Verity's drone technology fit into its broader strategy to explore and test newer supply-chain technologies. Jönsson added that deploying drones has allowed employees to have more time for analyzing inventory data. Before using warehouse drones, workers would check thousands of pallets repeatedly in order to manage inventory.

Persons: Verity, —, Raffaello D'Andrea, — there's, Uber, Jeff Bezos, Bezos, Domino's, there's, DroneUp, D'Andrea, Verity hasn't, it's, Moller, Erik Jönsson, they're, haven't, Jönsson Organizations: Ikea, Chain Management, Service, Amazon, Walmart, Companies, McKinsey & Company, McKinsey, Ikea's, Ingka, Maersk, Samsung Group, Ingka Investments, Nvidia, Federal Aviation Administration, Investors, Kiva Systems, Amazon Robotics, Qualcomm Ventures, A.P, Moller Holding, Exor Ventures Locations: Switzerland, Swiss, Dutch, —, Zealand, Arizona , Florida, Utah, Dallas

☆ These are the 3 patterns of the ‘chronically single,’ says breakup expert
▼ + stars: | 2024-09-20 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +4 min

The term "chronically single" has gone viral on TikTok with some videos reaching more than 10 million viewers globally. There are two types of single people: single people who are happy being single, and single people who are not happy being single, Amy Chan told CNBC Make It. After experiencing a gut-wrenching breakup in her 20s, Chan set off to change the breakup and dating experience for people everywhere. Today, she works as a relationship and breakup coach, and runs two weekend retreats, called "The Breakup Bootcamp" and "The Dating Bootcamp." They sabotage their relationshipsAnother pattern of the "chronically single" is that they tend to sabotage their relationships, said Chan.

Persons: Amy Chan, you've, Chan, —, They've Organizations: CNBC Locations: TikTok

An American Airlines' Embraer E175LR (front), an American Airlines' Boeing 737 (C) and an American Airlines' Boeing 737 are seen parked at LaGuardia Airport in Queens, New York on May 24, 2024. American Airlines is in talks to make Citigroup its exclusive credit card partner, dropping rival issuer Barclays from a partnership that dates back to the airline's 2013 takeover of US Airways, said people with knowledge of the negotiations. Banks' co-brand deals with airlines, retailers and hotel chains are some of the most hotly contested negotiations in the industry. Carriers have said growth in card spending has far exceeded that of passenger revenue in recent years. While it says it has the largest loyalty program, American was out-earned by Delta there, which made nearly $7 billion in payments from its American Express card partnership last year, compared to $5.2 billion for American.

Persons: Banks Organizations: American Airlines, Embraer, Boeing, LaGuardia Airport, Citigroup, Barclays, US Airways, Consumer Financial Protection, Delta, American Express Locations: Queens , New York

☆ A 41-year-old transformed his body with 2 diet changes and 1 simple workout technique
▼ + stars: | 2024-09-20 | by ( ) www.businessinsider.com time to read: +1 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! AdvertisementAn office worker got ripped and transformed his fitness in seven months with a few simple changes to his diet and exercise routine. "I've always been somebody who went to the gym, but I didn't really know how to achieve what I wanted to do," he told Business Insider. This story is available exclusively to Business Insider subscribers.

Persons: —, Alec Knebeg, I've Organizations: Service, Business Locations: London

☆ Case for the Bank of England to go further and faster with rate cuts: Oliver Wyman
▼ + stars: | 2024-09-20 | 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 EmailCase for the Bank of England to go further and faster with rate cuts: Oliver WymanHuw van Steenis, vice chair of Oliver Wyman and former advisor to Mark Carney, discusses the Bank of England's decision to hold interest rates at its September meeting and the impact of public sector pay rises.

Persons: Oliver Wyman Huw van Steenis, Oliver Wyman, Mark Carney Organizations: Bank of England, Bank of

☆ Evans: Mega-cap tech will lead in this era of disruption and innovation
▼ + stars: | 2024-09-20 | 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 EmailEvans: Mega-cap tech will lead in this era of disruption and innovationElizabeth Evans, Managing Partner at Evans May Wealth, sees the Fed's 50-basis point rate cut as expected and positive for tech stocks, which she believes will keep leading.

Persons: Evans, Elizabeth Evans Organizations: Evans

☆ Rise of 3D-printed commercial real estate
▼ + stars: | 2024-09-20 | 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 EmailRise of 3D-printed commercial real estateZachary Mannheimer, Alquist 3D founder and chairman, joins 'Squawk Box' to discuss the company's partnership with Walmart to print one of the the largest 3D printed commercial structure in the U.S., the difficulties of printing commercial structures, and more.

Persons: Zachary Mannheimer Organizations: Walmart Locations: U.S

☆ iPhone 16 lines dwindle after a packed morning at NYC Apple store
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailiPhone 16 lines dwindle after a packed morning at NYC Apple storeCNBC's Steve Kovach joins 'The Exchange' to report on dwindling lines outside New York City's flagship Apple Store after a busy morning on iPhone 16 launch day.

Persons: Steve Kovach Organizations: NYC Apple, Apple Locations: New York

☆ McLaren Racing CEO: Proud of F1's innovations in safety, sustainability
▼ + stars: | 2024-09-20 | 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 EmailMcLaren Racing CEO: Proud of F1's innovations in safety, sustainabilityMcLaren Racing CEO Zak Brown discusses how the team uses hard data to improve results, and its efforts to become a more sustainable sport.

Persons: Zak Brown Organizations: McLaren

☆ This expensive luggage may be key to LVMH's future — here's how Rimowa's CEO plans to keep growing
▼ + stars: | 2024-09-20 | by ( Brittany Chang | ) www.businessinsider.com time to read: +4 min

It's a luggage maker best known for one product, a grooved aluminum suitcase with a rabid fan base. Despite this, the suitcase company (along with cashmere maker Loro Piana) continued their "excellent momentum," LVMH said. It's "another step in the fashion space," Bonnet-Masimbert said, and a hint of how the company hopes to progress in the coming years. For a company so synonymous with luggage, it was an "interesting challenge," the CEO said — one that took three years to develop. "We feel we are very legitimate in that space, and that opens a lot of future product offerings," Bonnet-Masimbert said.

Persons: —, Louis Vuitton, Tiffany, Rimowa, Brittany Chang, Tumi, Vanessa Garoute, Tania Antonenkova, Martha Stewart, Piana, LVMH, Hugues Bonnet, Masimbert, Lewis Hamilton, Clive Mason, isn't, Bonnet Organizations: Service, Dior, Business, LVMH, tote Locations: Germany, China, Europe, Asia, North America

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