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☆ Stock futures are little changed as traders brace for August consumer inflation report: Live updates
▼ + stars: | 2024-09-10 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

U.S. stock futures were little changed Tuesday night ahead of the August consumer inflation report due Wednesday morning. S&P 500 futures and Nasdaq 100 futures both dipped 0.1%. Traders are anticipating a key economic report Wednesday morning: August's consumer price index. The CPI report and Thursday's producer price index could help determine the size of a widely expected rate cut at the end of the Federal Reserve's two-day meeting on Sept. 18. Fed funds futures trading suggests a 69% chance of a 25-basis-point rate cut and a 31% likelihood of a 50-basis-point reduction, according to CME's FedWatch Tool.

Persons: Dow, Dow Jones, CME's, Kristina Hooper, Hooper Organizations: Dow Jones Industrial, Nasdaq, GameStop, U.S . Securities, Exchange Commission, Nvidia, JPMorgan, CPI, Federal

☆ I've DJed dozens of celebrity weddings. Here are 10 songs they always request — and 5 they have me skip.
▼ + stars: | 2024-09-10 | by ( Jesse Kivel | ) www.businessinsider.com time to read: +6 min

Read previewAs a DJ who's worked with high-profile clients, I've seen firsthand how specific songs can dictate the energy and flow of a wedding. AdvertisementWith over a decade of experience in the industry, I've learned that some songs are often in demand at high-profile weddings, while others are consistently blacklisted. Here are 10 songs that are favorites among A-list crowds at weddings and five that almost always end up on the "do not play" list. Interscope RecordsDJ Casper's "Cha Cha Slide"AdvertisementThis is usually the first song to get vetoed from any playlist. Los del Río's "Macarena"Similar to the "Cha Cha Slide," the "Macarena" is often seen as too gimmicky.

Persons: —, who's, I've, Michael David, It's, they're, We've, Joey King's, Gwyneth Paltrow, Lily Collins, Carter, it's, Du, Leon Bridges, Willie Nelson, Dolly Parton, Miley Cyrus, Post Malone, Robin S's, Charli, Chappell, Billie Organizations: Service, Dart Collective, Business, Post, Interscope Records Locations: Mallorca

☆ Small caps are outperforming large caps. How to use charts to find buy candidates in the group
▼ + stars: | 2024-09-10 | by ( Todd Gordon | ) www.cnbc.com time to read: +5 min

Then on July 11, things really got started as June CPI came in below expectations and the outlook for the first Fed rate cut became significantly more likely. Let's drill down into the sectors that makeup the Russell 2000 to see who's leading and lagging since that July 5th turning point. Let's find out who is actually profitable and could maintain the rally after the initial shine of a fresh rate cut wears off. Where to look in small caps A big component of the Russell 2000 based on market capitalization representation is health care at 18.7%. Should the Fed strike a dovish tone after the first rate cut I will be shopping for quality names.

Persons: Russell, Piper Sandler, Hamilton Lane, Jefferies, JEF, Todd Gordon, Gordon, ARES Organizations: Nasdaq, Inside Edge, CNBC PRO, Ares Management, Fed, CNBC, NBC UNIVERSAL Locations: financials

☆ Harris and Trump battle to be the 'change' candidate: From the Politics Desk
▼ + stars: | 2024-09-09 | by ( The Politics Desk | ) www.nbcnews.com time to read: +7 min

In today’s edition, senior political editor Mark Murray looks at how Kamala Harris and Donald Trump are trying to position themselves as the candidate of change. Poll shows Trump winning the 'change' argument — for nowBy Mark MurrayIt’s not too surprising that the latest national New York Times/Siena College poll finds a razor-close contest between Donald Trump and Kamala Harris. In the NYT/Siena poll, 25% of likely voters said Harris represents major change and 15% said she represents minor change, while 55% said she represents more of the same. That’s compared with 53% of voters who see Trump as representing major change, 8% as minor change, and 34% as more the same. Breaking barriers in Delaware: State Sen. Sarah McBride is expected to take another step toward becoming the first transgender person elected to Congress.

Persons: Mark Murray, Kamala Harris, Donald Trump, Mark Murray It’s, It’s, Trump, Harris, Chuck Todd, “, Harris ’, Joe Biden’s, —, ” Harris, Biden, ” Trump, ” We’re, it’s Trump, Adam Wollner, Alexandra Marquez, Adam Edelman Tomorrow’s, Sen, Kelly Ayotte, Chris Sununu, Chuck Morse, Ayotte, Joyce Craig, Cinde Warmington, Amy Walter, Maggie Goodlander, Colin Van Ostern, Annie Kuster, who’s, Goodlander, Jake Sullivan, Hillary Clinton, Van Ostern, John Lynch, State Sen, Sarah McBride, McBride, Lisa Blunt Rochester, Tom Carper, Blunt Rochester, she’s, Maryland’s Angela Alsobrooks, hat’s Organizations: NBC, White House, Capitol, Trump, New York Times, Siena, it’s Trump who’s, Rhode, Republican, Democrats, Manchester, Democratic, Biden White House, Justice Department, Council, Rep, Delaware’s, Democratic National Convention, Delaware Democrat, Senate Locations: Siena, New Hampshire , Delaware, North Carolina, state’s, New Hampshire, Granite, Kuster, Delaware, State, Congress

The Country Music Awards nominations were announced Monday, and one superstar was noticeably absent from the list: Beyoncé. Black artists hoped that the album would bring more attention and recognition to Black country music. Beyoncé collaborated with Black country music artists such as pioneer Linda Martell and rising stars Brittney Spencer, Reyna Roberts, Tiera Kennedy, Tanner Adell and Shaboozey. Shaboozey, who was featured on two tracks on "Cowboy Carter," received two nominations in this year's CMAs. Post Malone, who also released his first country album this year and collaborated with Beyoncé on "Cowboy Carter," received four nominations for "I Had Some Help."

Persons: Carter, Monday’s, Beyoncé, ” Beyoncé, ”, Cowboy Carter, Linda Martell, Brittney Spencer, Reyna Roberts, Tiera Kennedy, Tanner Adell, Shaboozey, Morgan Wallen, Post Malone

☆ Developer Michael Shvo plans bulk sale of Mandarin Oriental condos after default
▼ + stars: | 2024-09-09 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +6 min

Read previewMichael Shvo, who shot to prominence in recent years buying billions of dollars of trophy real estate assets, has defaulted on the debt connected to a luxury condo building in Los Angeles. The site was purchased in 2019 by a group of investors that included Shvo, Bilgili Group, and Deutsche Finance. It has hired the real estate services firm Newmark to market the offering to investors and arrange a transaction. AdvertisementShvo purchased $3 billion of prominent real estate assets, including the Transamerica Pyramid building in San Francisco and 711 Fifth Ave. in Manhattan. In previous statements, a spokeswoman explained that BVK's investments with Shvo were handled through intermediaries, including Deutsche Finance and another German financial firm, Universal Investment.

Persons: —, Michael Shvo, –, Serdar, Newmark, Shvo, BVK Organizations: Service, Los, Los Angeles Recorder's Office, Acore, Beverly, Business, Bilgili, Deutsche Finance, Bayerische, Bilgili Group, Shvo, BVK, Biligili, Core, Universal Investment Locations: Los Angeles, Beverly Hills, Munich, San Francisco, Manhattan, Beverly, New York

☆ I was unhappy with past therapists and turned to ChatGPT. It helped me open up about trauma and make changes in my life.
▼ + stars: | 2024-09-09 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

I created a therapist ChatGPT chatbot with all my background information when I talk to it. ChatGPT helped me get information about the cycles of abuse and how textbook some of my behaviors and reactions were. Prior to using ChatGPT, I wasn't able to open up about my trauma even though I tried to. I talked about leaving with my friends all the time, but ChatGPT helped me realize the techniques we were trying in my relationship weren't working. Typically, I'll spend 15 or 30 minutes with my ChatGPT therapist because I write quickly.

Persons: —, Crystal, I'm, ChatGPT, Brene Brown, I've, it's Organizations: Service, Business Locations: North Carolina

☆ How to trade Adobe's upcoming earnings using options
▼ + stars: | 2024-09-09 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

I'll break down various option trade scenarios into the earnings, focusing on one that will benefit from a big move in any direction. Adobe's Creative Cloud subscription model generates recurring revenue and maintains a solid customer base, from freelancers to large enterprises. Adobe's Document Cloud, featuring Acrobat and PDF solutions, is critical in digital document management and e-signatures. Of course, any bears out there could also use a calendar to bet on a downside move, using a $500 Sep/Jan put calendar. Combining the call and put calendar is a trade I usually refer to as a strangle swap.

Persons: Adobe Sensei, Jan, I've Organizations: Adobe, Labor, CNBC, NBC UNIVERSAL

According to the Bureau of Labor Statistics, the share of Americans who were absent from work because of child care difficulties matched the all-time record for August. At the same time, employment in child care services has not been nearly enough to match the demand, according to Julia Pollak, chief economist at ZipRecruiter, who highlighted the statistic in a note following Friday’s job report. The issue largely stems from the havoc created by the pandemic, which prompted many child care facilities to shut down, Pollak said. Consumer payments for child care are up at least 32% since 2019, a recent Bank of America study found. Child care advocates say that almost 10% of the state’s day care sites or home-based programs have shuttered since the pandemic.

Persons: Donald Trump, Sen, JD Vance, Vance, Kamala Harris, Julia Pollak, Natalia Lebedinskaia, ” Pollak, Pollak, “, ”, Trump, Ohio, Charlie Kirk, he’d, Harris, ” Vance, Tim Walz, Hannah Anderson, Kirk, Vance “, ” Anderson Organizations: Bureau of Labor Statistics, GOP, Child Care, NBC News, of America, BLS, Economic, of New, Minnesota Gov, Economic Policy Institute Locations: Ohio, of New York, United States, Georgia

☆ Here's where the jobs are for August 2024 — in one chart
▼ + stars: | 2024-09-06 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

The growth was led by leisure and hospitality and health care and social assistance, with each category adding more than 40,000 jobs, according to data from the Bureau of Labor Statistics . The August jobs report came in weaker than expected , and employment growth by different industries showed a mixed bag for the U.S. economy . If private education is included with the health-care group, as some economists do, that category would have grown by 47,000 jobs. Construction was a bright spot, growing by 34,000 jobs, but manufacturing shed 24,000 jobs. The health-care subsector added 31,000 jobs, or about half its average over the prior 12 months, according to the Bureau of Labor Statistics.

Persons: … We're, Betsey Stevenson Organizations: Bureau of Labor Statistics, Department of Labor Locations: U.S

☆ 7-Eleven's parent company rejects $38.6 billion takeover bid, says offer 'grossly undervalues' company
▼ + stars: | 2024-09-06 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +4 min

Photographer: Soichiro Koriyama/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesSeven & i Holdings has rejected the takeover offer from Canadian convenience store operator Alimentation Couche-Tard , saying the offer "is not in the best interest" of its shareholders and stakeholders. According to LSEG data, the offer price will value Seven & i at $38.55 billion. In April, Seven & i announced a restructuring plan for the company, aimed at growing 7-Eleven's presence globally as well as divesting its underperforming supermarket business. Herrick explained Artisan asked Seven & i to consider the offer because the fund feels that capital allocation overseas has been overlooked. "You have more than 50,000 stores, or about 50,000 stores that are generating about $100 million or just over $100 million of operating profit for for the company.

Persons: Alimentation, Soichiro Koriyama, Tard, Stephen Dacus, Dacus, Alain Bouchard, Ben Herrick, Herrick Organizations: Seven, Holdings Co, Tard Inc, Bloomberg, Getty Images Bloomberg, Getty, Holdings, Tokyo Stock Exchange, litigating, Artisan Partners, Partners, & $ Locations: Kobe, Japan, U.S, Tokyo, United States

☆ Buy levels for 3 industrial stocks that benefit from the AI boom and sector megatrends
▼ + stars: | 2024-09-06 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Like Thursday's look at buy levels for our four 1-rated megacaps — Amazon , Meta Platforms , Microsoft , and Nvidia — we like the business prospects of those industrial names and think their stocks will move higher over time. Here's a look at key technicals in their stock charts that signal attractive buy levels. By now, members likely know that the two levels we are always going to watch are the 50-day moving average and the 200-day. That puts a first buy level at just over $80 apiece , right at the 50-day moving average and around current levels. That said, a move below $170 would represent a breakdown below the 200-day moving average.

Persons: Eaton, we've, Jim Cramer's, DOV, ETN, Jim Cramer, Jim, Jason Marz Organizations: Microsoft, Nvidia, DuPont, Dover, CNBC Locations: Dover

☆ Coinbase has worst week of the year as crypto stocks plummet
▼ + stars: | 2024-09-06 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +5 min

(Photo Illustration by Justin Sullivan/Getty Images) Justin Sullivan | Getty ImagesCryptocurrency exchange Coinbase just wrapped up its worst week of the year. According to CoinGlass, September is historically a difficult trading month for crypto assets, with bitcoin notching an average loss of 4.8%. The Crypto Fear & Greed Index, a gauge of crypto market sentiment, is firmly in the "Extreme Fear" zone, indicating that investors are worried about price moves. On Friday, the Bureau of Labor Statistics reported a cooldown in the labor market with August payrolls falling short of expectations. Crypto equities hit hardestWhile it was a rough week for risky assets of all sorts, investors over-indexed in crypto stocks had it particularly bad.

Persons: Justin Sullivan, Schwab, CoinGlass, Bitcoin, payrolls, Leena ElDeeb, MicroStrategy, Michael Saylor, CleanSpark, Jerome Powell, Donald Trump, Trump, Gary Gensler Organizations: Securities, Exchange, Securities and Exchange Commission, Marathon, Nasdaq, bitcoin, Labor, of Labor Statistics, SEC, JPMorgan Chase, Federal Reserve, August's, U.S, Republican Locations: CALIFORNIA, San Anselmo , California, Bitcoin, U.S, MicroStrategy, Coinbase, Nashville

☆ With tech stocks on the sale rack, here are levels to buy Meta and 3 other megacaps
▼ + stars: | 2024-09-05 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

However, given that September has historically been the worst month of the year for the market, we're layering in some technical analysis to identify some buy levels. We published our prior buy levels analysis on June 26. Clearly, we should have been a bit more conservative in our buy levels, however, in our defense shares only traded below $162 for two days. However, we must be mindful that a move there would once again mean we've broken below the 200-day moving average. Below that and we're looking for the 200-day moving average to hold at around $89 apiece.

Persons: we're, we've, that's, wouldn't, Jim Cramer's, Jim Cramer, Jim, Mark Zuckerberg, Emily Chang, Jason Henry Organizations: Microsoft, Nvidia, Club, CNBC, Meta, Inc, Bloomberg, Getty Locations: Menlo Park , California

☆ Trump Media stock slides under $18, a new low since it began publicly trading
▼ + stars: | 2024-09-03 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

DJT shares dropped to $17.89 per share around midday Tuesday, The stock's prior low was set on Aug. 28, when it hit $19.38 per share. The stock price was down roughly 77% from its high of $79.38 per share on March 26, following Trump Media's merger with a publicly traded special purpose acquisition company. DJT closed at $18.08 per share, down over 7% for the Wednesday trading day. Trump Media's single-day slide accompanied a broader market dip on Tuesday, especially for tech companies. Stock Chart Icon Stock chart icon DJT stock vs. Nasdaq stock exchange over six months.

Persons: Jakub Porzycki, Donald Trump, DJT, Trump Organizations: Nurphoto, Trump Media, Social, Trump, Nasdaq, Dow Jones

☆ Beware of a bitcoin backslide to $50,000 as it enters historically worst month of the year
▼ + stars: | 2024-09-02 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Bitcoin slid 10.25% for its worst month since April, while ether dropped 23.66% in its third monthly drawdown and worst month since June 2022. "It's not a pretty picture across the crypto landscape at the moment," said Rob Ginsberg, chart analyst at Wolfe Research. "Bitcoin is still stuck in a descending trading range as price gradually deteriorates off the March high. Historically, September is the worst month for bitcoin — and other markets too, like U.S. stocks. Bitcoin has been stuck in a range between $50,000 and $70,000 since April and is likely to stay there for another a month at least.

Persons: Bitcoin, bitcoin, Rob Ginsberg, Ginsberg, bitcoin —, they've, Alex Thorn, Thorn, Trump, Harris, John Todaro, — CNBC's Michael Bloom, Nick Wells Organizations: Wolfe Research, bitcoin, Galaxy, U.S, Needham, Federal Locations: U.S, Germany, Gox

☆ Defense stocks in an ESG portfolio? A profound — and controversial — shift seems to be underway
▼ + stars: | 2024-09-02 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Jessica Gow | Afp | Getty ImagesRussia's ongoing war in Ukraine has resulted in a profound shift in the way defense stocks are viewed by mission-driven fund managers, according to two European defense giants. Defense stocks have typically been excluded from portfolios based on environmental, social and governance (ESG) factors due to ethical concerns over their association with warfare. Nonetheless, the inclusion of defense stocks in sustainably-minded portfolios remains controversial. It's really important that we see the role that defense companies play in protecting a free society. It's really important that we see the role that defense companies play in protecting a free society," he said.

Persons: Micael Johansson, Jessica Gow, Johansson, CNBC's Silvia Amaro, It's, Brad Greve, BAE Systems Johansson, hasn't, Ida Kassa Johannesen, Johannesen, Justin Tallis, Saab's Johansson, ESG, John Keeble, Greve Organizations: Saab, Afp, Getty, BAE Systems, Ukraine —, Saxo Bank, CNBC, Democratic, U.S, Republican, Democrats, Malloy Aeronautics, British Aerospace BAE Systems, Farnborough, Exhibition, Conference Centre Locations: Stockholm, Ukraine, Africa, Democratic Republic, Congo, Palestine, London, Farnborough, England

☆ Hollywood has a big problem with how people are watching TV these days
▼ + stars: | 2024-08-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, viewers are opting for free TV, and that's throwing a massive wrench in Hollywood's plans . AdvertisementBut first, what's on (free) TV? The big storyChanging channelsGetty Images; iStock; Natalie Ammari/BIIf the best things in life truly are free, Hollywood is about to learn a brutal lesson. But what's really caught people's attention over the past year has been "free, ad-supported TV" or FAST services. Figuring out how to make money from free TV is a big enough problem.

Persons: —, Natalie Ammari, upend, Insider's Lucia Moses, what's, Andy Kiersz, Fox's Tubi, Gen Z, that's, Jenny Chang, Rodriguez, cofounders, John Overdeck, David Siegel, Carter Lyons, Scott Hoffman, Warren Buffett's, Berkshire Hathaway, Buffett, Noah Berger, Chelsea Jia Feng, Jensen Huang, Alyssa Powell, Banks, Sam Altman's, Kamala Harris, Tim Walz's, Dana Bash, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, Business, Tech, Hollywood, Nielsen, Netflix, Paramount, Pluto, Comcast, Warner Bros . Discovery, YouTube, Getty, Big Tech, Chelsea, Menlo Ventures, CNN Locations: Berkshire, A16z, New York, London

☆ Some non-technology stocks with momentum that investors are buying into year-end
▼ + stars: | 2024-08-27 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +6 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange Word of the Day: Tempest Victoria Greene of G-Squared said investors are facing both literal and metaphorical storms that they need to consider. Best Q4 Ideas: LVMH and Estee Lauder Tiffany McGhee of Pivotal advisors said LVMH and Estee Lauder will be big beneficiaries of China stimulus. (This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. "Moisturizer is not a 'nice to have' it is a must have," said McGhee about Estee Lauder.

Persons: Tempest Victoria Greene, Squared, Said, Milton, Zscaler Malcolm Ethridge, Greene, Estee Lauder Tiffany McGhee, LVMH, Estee Lauder, McGhee, Estee, Ethridge Organizations: PRO, Worldwide, Pepsi, Area, Global, Pepsico, Siete Locations: China, Estee Lauder

☆ The next shoe to drop in FX markets will reshuffle currency values in an unexpected way. Here's how TD Securities is trading it.
▼ + stars: | 2024-08-24 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

Cooling global growth, continued geopolitical risks, and uncertainty around US election outcomes mean it could be a choppy ride for the next few months. But if US economic data stabilizes while global growth slows, as Bharadwaj expects, European currencies could be set for a violent snapback. "I do think that global growth right now is not holding up from our data trackers. "And in fact, we actually track global growth upgrades versus downgrades. And after a very long time, global growth downgrades are outpacing global growth upgrades, which indicates to me that even the global growth is not as rosy as markets are currently pricing it to be."

Persons: Jayati Bharadwaj, it's, Bharadwaj, you've Organizations: Service, TD Securities, Business, International Monetary Fund, Federal Reserve, Securities Locations: China, Europe, India

☆ Chappell Roan called out invasive fans. How fan behavior can cause some stars to retreat
▼ + stars: | 2024-08-24 | by ( Scottie Andrew | ) edition.cnn.com time to read: +11 min

But there’s a fundamental misunderstanding on the part of the fans who believe Roan’s online persona is the real her. “I think that’s really what she’s trying to say: ‘I’m doing this as an act. What fans expect from celebrities is changingMost of what fans know about Chappell Roan comes through a screen. Chappell Roan’s videos show that we don’t know celebrities as well as we think we doThe behavior Roan describes in her videos — ”stalking” her family and following her out in public — is “very atypical” of fans, Theran said. “We think we know celebrities, but we don’t really know them,” Theran said.

Persons: CNN — Chappell, ”, Roan, Babe ! ”, “, she’s, Chappell Roan —, Sally Theran, ” Theran, Chappell Roan, Cheney Orr, Reuters Roan, ” Roan, isn’t, Lucy Bennett, ” Bennett, Doja, Doja Cat, Arturo Holmes, I’m, ” Doja, John Mulaney, Theran, —, Bennett, Megan Thee, Nicki Minaj, Chappell, That’s, they’re, It’s, Taylor Swift, Olivia Rodrigo, Gareth Cattermole, it’s, Tom Power Organizations: CNN, YouTube, Pony, Wellesley College, Reuters, Cardiff University, “ Locations: Chicago, Roan, Massachusetts, Wales

☆ Why Ford believes its $1.9 billion shift in EV strategy is the right choice for the company, investors
▼ + stars: | 2024-08-23 | by ( Michael Wayland | ) www.cnbc.com time to read: +7 min

In this article F Follow your favorite stocks CREATE FREE ACCOUNTA banner advertises the Ford Mustang Mach-E electric vehicle at a Ford dealership on August 21, 2024 in Glendale, California. So it might surprise investors that the automaker believes its new path to profitability for electric vehicles will first be led by smaller, more affordable vehicles. "We're quite convinced that the highest adoption rates for electric vehicles will be in the affordable segment on the lower size-end of the range," he told CNBC on Thursday. Gjaja's comments come a day after the automaker announced updates to its EV strategy that will cost up to $1.9 billion. He said the Ford, in part, developed the "skunkworks" team to prove that Ford can compete against the Chinese automakers.

Persons: Mario Tama, Marin Gjaja, Warren Buffett, Gjaja, Jim Farley, Farley, Ford, BofA's John Murphy, John Lawler, Lawler, There's, we've, Michael Wayland Organizations: Ford, Getty, DETROIT, CNBC, North America, EV, Wall Street, GM, General Motors Locations: Glendale , California, U.S, Europe, North, California, China

☆ Watch live: Fed Chair Jerome Powell speaks from Jackson Hole conference
▼ + stars: | 2024-08-23 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Federal Reserve Chair Jerome Powell delivers his keynote speech Friday morning at the central bank's annual retreat in Jackson Hole, Wyoming. Powell was widely expected to chart a path forward that includes interest rate reductions as the pace of inflation eases and concerns increase about the durability of the U.S. economic expansion. In previous years, he has used Jackson Hole to lay out significant policy initiatives and intentions. Markets widely expect the Fed to begin lowering rates in September and continue with a series of cuts through at least 2025. Read more:Fed minutes point to 'likely' rate cut coming in SeptemberFed survey shows lows in employment, worries about finding work and dissatisfaction with payPhiladelphia Fed President Harker advocates for interest rate cut in SeptemberSubscribe to CNBC on YouTube.

Persons: Jerome Powell, Powell, Jackson, Read, Harker Organizations: Philadelphia, CNBC, YouTube Locations: Jackson Hole , Wyoming

☆ The maker of Mike Lynch's yacht says it took 16 minutes to sink and the crew should have had time to rescue passengers
▼ + stars: | 2024-08-23 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Read previewThe maker of Mike Lynch's superyacht, which sank off the coast of Sicily, said it was "absolutely stable" and that it never should have gone down. It went down in 16 minutes," Costantino told the Financial Times. Advertisement"The boat sank because it took on water," Costantino said. Advertisement"The water came in from [hatchways] left open," Costantino told FT. "There is no other possible explanation. Witnesses told BBC News they saw a waterspout — an uncommon weather phenomenon consisting of tornadolike wind and water — before the ship went down.

Persons: —, Mike Lynch's superyacht, Lynch, Hannah, Mike Lynch, Yui Mok, Giovanni Costantino, Costantino, Recaldo Thomas, Stephen Askins, MailOnline, Matthew Schanck, Schanck Organizations: Service, Business, Divers, Italian Coastguard, Italian Sea Group, Financial Times, BBC News Locations: Sicily, Palermo, Italy, London

But the consequences — but the consequences of putting Donald Trump back in the White House are extremely serious. Just imagine Donald Trump with no guardrails, and how he would use the immense powers of the presidency of the United States. But Donald Trump believes a border deal would hurt his campaign, so he ordered his allies in Congress to kill the deal. Because, you know, they know — they know he is easy to manipulate with flattery and favors. They know Trump won’t hold autocrats accountable because he wants to be an autocrat himself.

Persons: Kamala Harris’s, Let’s, Doug, Cole, Ella, Dougie, Joe Biden, Joe, Tim Walz, Shyamala Harris, Donald Harris, Aretha, Coltrane, Miles, Kamala, Don’t, Shelton, Uncle Sherman, Aunt Mary, Uncle Freddie, Auntie Chris —, Family, —, Maya, Michelle, Thurgood Marshall, Constance Baker Motley, Wanda, Kamala Harris, I’ve, Donald Trump, doesn’t, “, miscarrying, Couples, John Lewis, Trump, Putin, Said, Zelensky, Biden, Kim Jong, let’s Organizations: Democratic, Mayflower, White, U.S . Capitol, Capitol, U.S, Supreme, Trump, Social Security, Affordable, of Education, Medicare, Congress, Republicans, NATO, Fellow Locations: America, India, California, Jamaica, —, Illinois, Wisconsin, East, United States of America, Oakland, Calif, United States, China, Said Russia, Russia, Ukraine, Gaza, Israel, Iran, An America, American

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