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☆ I tried Nestlé's new weight-loss meals, and felt full for hours — but nutritionists have mixed reviews
▼ + stars: | 2024-09-18 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +9 min

This story is available exclusively to Business Insider subscribers. Vital PursuitThe meals cost less than $5 and are available at retailers including Target and Walmart, starting Wednesday, according to the company. These small meals, branded as protein-rich, are designed to help GLP-1 users lose more fat, and less muscle. "We want to be a brand for those 82% of Americans who are managing their weight," Stoehr told Business Insider, referencing a Morgan Stanley report. "These meals seem like a decent option... but not a great one," Malloy wrote in an email to Business Insider.

Persons: —, Nestlé, Kristen Stoehr, Stoehr, Morgan Stanley, We're, Alix Turoff, Mike Molloy, Hilary Brueck, I've, I'd, Turoff, Malloy, It's, that's, I'm, Nestlé's, Marlene Schmidt, Morgan Stanley's Organizations: Service, Business, Target, Walmart Locations: Nestlé, New York

☆ I paid an extra $114 for a premium ticket on the Alaska Railroad. The value of my 4-hour train ride was incredible.
▼ + stars: | 2024-09-18 | by ( Molly O'Brien | ) www.businessinsider.com time to read: +1 min

I bought a premium ticket for my four-hour ride on the Alaska Railroad from Denali to Fairbanks. My GoldStar premium seat was roomy, the views were great, and I got a three-course meal. The $114 I paid to have this premium ticket instead of the standard one was well worth it. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . One highlight in particular was my four-hour ride on the Alaska Railroad from Denali National Park to Fairbanks.

Persons: — Organizations: Alaska Railroad, Service, Business Locations: Denali, Fairbanks, Alaska

☆ It's not just the rhetoric — apathy and jokes could be fueling a spiral of retaliatory political violence, expert warns
▼ + stars: | 2024-09-18 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

And an expert in political violence and terrorism is worried the worst is yet to come. The justification of political violence online is getting worse, too, with increasingly high-profile people laughing off violent incidents. Plenty of such data exists about Trump's rhetoric, Pape noted, and he said there is no doubt that "incendiary political rhetoric increases support for political violence." "What you're seeing is real-world violence reflecting this significant rhetorical support for political violence on both the right and the left," Pape said. "There is an incentive to do what we know stokes support for political violence.

Persons: —, Robert Pape, Pape, Nancy Pelosi's, Barack Obama's, Donald Trump's, Steve Scalise, Elon Musk, Sunday's, Trump, haven't, Joe Biden, Kamala Harris, Musk, snickering, " Pape, he's, Biden, stokes Organizations: Service, World Justice, Democratic, GOP, Business, Democrat, Republican, Marist, PBS, Chicago Project, Security, University of Chicago, Department of Justice, Congressional, Trump, Republicans Locations: Louisiana, Butler , Pennsylvania, —

☆ The 'Fed put' is back. Here's why central bankers will want to support the stock market, according to Fundstrat's Tom Lee.
▼ + stars: | 2024-09-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

That's because the Fed wants a "healthy economy," a big component of which is a strong stock market, he said. AdvertisementThe "Fed put" is back, and stock investors may not be fully pricing in the good news, according to Fundstrat's head of research Tom Lee. The prominent stock bull pointed to the idea that central bankers could move to further ease monetary policy at any sign of weakness in the stock market. AdvertisementA healthy economy, though, hinges on consumer and business confidence, which is largely tied to the stock market, Lee said. We could be seeing turbulence for the next 8 weeks, but this is also in the context of a very strong stock market in 2024," he added.

Persons: Tom Lee, That's, —, Lee, There's Organizations: Fed, Service, Wednesday

☆ Inside Russia's 'military Disneyland,' a Manhattan-sized theme park that puts the country's deadly weaponry on display
▼ + stars: | 2024-09-18 | by ( Lauren Frias | ) www.businessinsider.com time to read: +1 min

The head of a Russian military theme park was arrested on fraud charges amid a corruption crackdown. Photos show guests climbing atop tanks, firing Russian firearms, and posing with theme park mascots. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe head of a Russian theme park dubbed a "military Disneyland" was placed under house arrest Tuesday amid a crackdown on corruption in Moscow's defense ministry.

Persons: Vyacheslav Akhmedov, —, Vladimir Shesterov Organizations: Service, Patriot, Business Locations: Russian

☆ GameStop CEO Cohen to pay $1 million fine over Wells Fargo stock buy
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

GameStop CEO Ryan Cohen agreed to pay a nearly $1 million penalty to settle the U.S. Federal Trade Commission's claim that he failed to report acquisition of more than $100 million worth of Wells Fargo & Co voting shares, the agency said on Wednesday. Cohen failed to notify the agency as required when he amassed shares above the $100 million threshold in 2018, the agency said. He had not purchased the shares solely as an investor, but had given bank management input into how to run its business and sought a board seat, according to the FTC. He ultimately reported the transactions to the FTC in 2021. An attorney for Cohen did not immediately respond to a request for comment.

Persons: Ryan Cohen, Wells, Cohen Organizations: GameStop, U.S . Federal Trade Locations: U.S, Wells Fargo

☆ 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

☆ The Fed gives the US its first jumbo interest-rate cut in 4 years
▼ + stars: | 2024-09-18 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

It's the first time the Federal Reserve has cut rates since March 2020. The unemployment rate also ticked down in August, giving the Fed the data it needed to cut rates. AdvertisementAccording to CME FedWatch, which estimates interest-rate changes based on market predictions, a rate cut was all but certain; the question was how big of a cut the Fed would implement. Additionally, some economists and Democratic lawmakers had for months been calling for a rate cut of at least 50 basis points. "They're going to cut rates this week," Bharat Ramamurti, a senior advisor for economic strategy at the American Economic Liberties Project, told reporters during a Monday briefing.

Persons: —, Jerome Powell's, Skanda Amarnath, Democratic Sens, Elizabeth Warren, John Hickenlooper, Sheldon Whitehouse, Powell, delinquencies, Bharat Ramamurti Organizations: Service, Federal, Market Committee, Federal Reserve, Business, CME FedWatch, Democratic, Fed, American Economic Liberties Locations: Jackson Hole , Wyoming, America

☆ Best and worst things to order at a seafood restaurant, according to chefs
▼ + stars: | 2024-09-18 | by ( Sophia Mitrokostas | ) www.businessinsider.com time to read: 1 min

Grilled mackerel is usually flavorful. Grilled mackerel is best paired with a simple side. unicorn12two/ShutterstockPrivate chef and caterer Priscilla Casey told Business Insider that she'd suggest ordering grilled mackerel. "Mackerel is an oily fish, so it binds with seasonings exceptionally well and is usually really flavorful," said Casey. She suggested pairing it with simple sides like potatoes, asparagus, and a slice of fresh lemon.

Persons: caterer Priscilla Casey, Casey Organizations: Business

☆ UniCredit's bid for Commerzbank is next 'logical step' for the bank's strategy, analyst says
▼ + stars: | 2024-09-18 | 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 EmailUniCredit's bid for Commerzbank is next 'logical step' for the bank's strategy, analyst saysArnaud Journois, senior vice president of European Financial Institution Ratings at Morningstar DBRS, says there is "double logic" behind UniCredit's bid for Commerzbank as the Italian lender seeks to grow its business.

Persons: Arnaud Journois, Morningstar DBRS Organizations: Commerzbank, European, Morningstar

☆ Joan Vassos says she left 'The Golden Bachelorette' happier than when she started the show. Here's everything we know about if she gets engaged.
▼ + stars: | 2024-09-18 | by ( Olivia Singh | ) www.businessinsider.com time to read: +5 min

Read previewJoan Vassos is happier than ever after getting another chance at love on the inaugural season of "The Golden Bachelorette." Now, Joan is reprioritizing herself on "The Golden Bachelorette," and it seems to have worked out in her favor. AdvertisementWith the season just beginning, here's what we could piece together about whether Joan gets engaged at the end of "The Golden Bachelorette." Joan described her season as emotional, adventurous, and funJoan Vassos on the series premiere of "The Golden Bachelorette." AdvertisementNew episodes of "The Golden Bachelorette" premiere on Wednesdays on ABC and stream the next day on Hulu.

Persons: —, Joan Vassos, Joan, Gerry Turner, Gerry, John, reprioritizing, Gilles Mingasson, she'd, you've, Steve, Guy Gansert, Pascal Ibgui, Chock Chapple, Jordan Heller, Jordan, Chock, Pascal, Guy, he's, Reality Steve, who's, hasn't Organizations: Service, Business, Disney, ABC Locations: Reno , Nevada, Hulu

☆ Amazon's RTO commandment and the office work shibboleth
▼ + stars: | 2024-09-18 | by ( Alistair Barr | ) www.businessinsider.com time to read: +7 min

In those ancient times, tech companies embraced remote work as an unstoppable innovation revolution. Remote work benefitsRemote work supports a more diverse employee base by helping companies hire more easily in different locations. In December, she described a study that found collaborating in person produced more breakthroughs than remote work. The truth is that in-office work is a shibboleth. But Benioff is at least admitting the reality of how employees work in the modern world.

Persons: —, Marc Benioff, they're, Andy Jassy, Insider's Aki Ito, Jassy, Goldman Sachs, David Solomon, Solomon, James Hamilton, he'd, I've, it's Organizations: Service, Amazon, Business, Google, Jassy's AWS, BI, Employees, Hamptons, Bloomberg, Fortune, Starbucks, Staff Locations: Seattle, Hawaii

☆ MrBeast and Amazon hit with class-action lawsuit alleging sexual harassment and dangerous conditions by contestants on 'Beast Games'
▼ + stars: | 2024-09-18 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +1 min

MrBeast and Amazon are facing a class-action lawsuit from contestants on "Beast Games." It alleges that contestants on the reality show suffered sexual harassment, pay issues, and more. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementYouTube star MrBeast and Amazon are facing a class-action lawsuit from contestants on the reality show "Beast Games."

Persons: — Organizations: Service, Variety, One's, Business

☆ 'The Golden Bachelorette' star Joan Vassos says Gerry Turner and the 'Bachelor' psychiatrist gave her 'the best advice' for dating as a widow
▼ + stars: | 2024-09-18 | by ( Olivia Singh | ) www.businessinsider.com time to read: +5 min

The series, a spinoff of ABC's wildly successful show "The Golden Bachelor," centers on people in their golden years looking for their next great love. Joan, who competed for Gerry Turner's heart on "The Golden Bachelor," makes a return to the reality TV franchise as the first Golden Bachelorette. The widow and mom of four previously won over Bachelor Nation — and Gerry — on "The Golden Bachelor." Joan got relationship advice from Gerry before filming 'The Golden Bachelorette'Joan and Gerry on "The Golden Bachelor." Advertisement"Probably the best advice I got from Gerry," Joan told Business Insider ahead of the series premiere Wednesday night.

Persons: —, Joan Vassos, Joan, Gerry Turner's, Nation —, Gerry —, Gerry, John Fleenor, Gilles Mingasson, John, there's Organizations: Service, Business, Nation, Disney, ABC Locations: Hulu

☆ Even with a big rate cut, Big Tech will be cautious about another hiring spree
▼ + stars: | 2024-09-18 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

A fed rate cut will boost hiring in Big Tech, but firms will be cautious, HR experts told BI. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe jumbo-sized Federal Reserve interest rate cut Wednesday is bound to impact everything from home prices to new-car loans to hiring in the hard-hit tech sector. But while the cut — the first in four years, and by a whopping 50 basis points — is likely to boost hiring, experts told Business Insider that Big Tech companies will likely be cautious. This story is available exclusively to Business Insider subscribers.

Persons: —, Adam Stafford Organizations: Big, Service, Big Tech, Business Locations: Big Tech

☆ Apple made its cheapest iPhone 16 so good there aren't many reasons you'll need the Pro version
▼ + stars: | 2024-09-18 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Unlike previous years, when the Pro was clearly more updated than lesser models, the basic iPhone 16 has more notable upgrades. The iPhone 16 comes with the customizable Action button that was previously exclusive to iPhone 15 Pro models. AdvertisementThe iPhone 16 starts at $799, and the iPhone 16 Plus costs about $899. "The key factor is the lower-than-expected demand for the iPhone 16 Pro series," he wrote. The iPhone 16 and iPhone 16 Plus come in five colors: ultramarine, teal, pink, white, and black.

Persons: —, Pro Max, bode, Cherlynn, Nilay Patel, Chi Kuo, Kuo, Siri, Max, Allison Johnson Organizations: Service, Pro, Business, Apple, Apple Intelligence Locations: Taiwan

☆ Satellite images show the difficult mission to save a stricken oil tanker in the Red Sea
▼ + stars: | 2024-09-18 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewSatellite imagery obtained by Business Insider captures the difficult mission to rescue an oil tanker stranded in the Red Sea nearly a month after the Iran-backed Houthi rebels first attacked the vessel. Operation Aspides stated that it would continue to monitor the situation while "private stakeholders" finish the salvage mission. Satellite images captured by Maxar Technologies this past weekend show the salvage mission underway. Related storiesRear Adm. Vasileios Gryparis, the operational commander of Aspides, told BI earlier this month that a successful salvage mission required meeting safety, technical, environmental, and weather considerations. AdvertisementThe Houthis have struck a number of vessels with missiles and drones since the Iran-backed rebels started attacking merchant shipping lanes in the Red Sea and Gulf of Aden last fall.

Persons: —, Aspides, BlackSky, Valdez, Vasileios Gryparis Organizations: Service, Business Insider, Business, Maxar Technologies, Technologies, European Locations: Iran, Red, Iraq, Greece, Gulf, Aden, Yemen

☆ A Navy SEAL unit that killed Osama bin Laden may be training Taiwanese forces to defeat a possible Chinese invasion, experts say
▼ + stars: | 2024-09-18 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +9 min

Read previewAn elite Navy SEAL unit may be preparing Taiwanese forces for reconnaissance operations and missions to repel a Chinese invasion, retired Navy officers said after a report said the unit had been training for such an eventuality for over a year. AdvertisementAccording to three retired Navy officers, the unit may be training Taiwanese soldiers to fight back against China should it invade Taiwan. One, he told BI, "is training Taiwanese forces in reconnaissance and perhaps direct attack, focusing on missions that might be required to defeat a Chinese invasion." "Naval reconnaissance forces would locate Chinese forces for long-range attacks," he said, adding: "They might also launch attacks against offshore ships or shipping in Chinese ports." Reports have already given clues as to how the US is preparing for a possible Chinese invasion of Taiwan.

Persons: —, Osama bin Laden, Mark Cancian, Bradley Martin, Sam Tangredi, Graeme Thompson, Joe Biden, Samuel Paparo, Martin, Cancian, Daniel Ceng, Phil Davidson, Davidson, Feng Hao, Paparo, Frank Kendall, Kendall Organizations: Service, Navy SEAL, Financial Times, Business, Navy, Marine, Center for Strategic, International Studies, US Navy, Getty, Eurasia Group, Wall Street Journal, Reuters, International Institute for Strategic Studies, Pacific Command, Washington Post, Congressional Research Service, Senate Armed Services Committee, Theater Command, PLA, China Military, Anadolu, American Enterprise Institute, Institute for, Japan's Nikkei, RAND Corp, US Air Force, Air & Space Forces Association Locations: Virginia, Taiwan, Afghanistan, Yemen, Syria, Somalia, Pakistan, China, People's Republic of China, Pingtung County, AFP, Washington ,, Australia, United States, Taichung, Anadolu, Pacific

☆ The Late Morning Rundown: September 18, 2024
▼ + stars: | 2024-09-18 | 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 EmailNews Update – Late MorningCNBC brings you fast, accurate, and actionable business news and market updates.

Organizations: CNBC

☆ Hedge fund titan Steve Cohen is no longer trading stocks. Here's why it's an important milestone for the $4 trillion industry.
▼ + stars: | 2024-09-18 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +5 min

The news from Bloomberg that billionaire Point72 founder and legendary stockpicker Steve Cohen will no longer trade his book for the $35 billion fund Tuesday is paradoxically both shocking and expected. Of the big multi-strategy managers, the fact Cohen was still managing a book set him apart from his main competitors. Will there be another Steve Cohen? Cohen launched SAC with $20 million in 1992; new funds today need exponentially more to justify leaving seats at funds like Point72. Fictional hedge fund manager Bobby Axelrod, played by Damian Lewis, was loosely based on Steve Cohen.

Persons: —, Steve Cohen, Cohen, they've, — Cohen, He's, Point72, Ken Griffin, Izzy Englander, Dmitry Balyasny, Steve, he's, it's, Bobby Axelrod, Damian Lewis, Vincent D'Onofrio, Guy Fieri Organizations: Service, SAC Capital, Bloomberg, Business, SAC, MLB, New York Mets, Citadel, Academy, Tiger Cubs, Viking, Wall Street, Showtime, GameStop, Food Locations: Connecticut

☆ The 3 policy issues portfolio managers are most concerned about this election season — including one that wasn't discussed during the debate
▼ + stars: | 2024-09-18 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Read previewFor Wall Street, policy — not politics — is the motto leading up to November. Death and taxesUnsurprisingly, tax policy is at the top of money managers' minds, according to Frank Kelly, senior political strategist at DWS. The filibusterThere's an under-the-radar issue keeping portfolio managers up at night: the elimination of the filibuster, according to Kelly's conversations with clients. Wall Street analysts expect a very close election, and even a minute change could be enough to push the needle on the outcome for either candidate. Given how important gridlock is to the market, there's not enough conversation around the impacts of eliminating the filibuster, Kelly believes.

Persons: —, Kamala Harris, Donald Trump, DWS, Frank Kelly, Harris, Trump, David Bianco, Bianco, Goldman Sachs, Chuck Schumer, Kelly, Monica Guerra, Morgan Stanley, Morgan Stanley Wealth Management's, it's, Jack Ablin, Washington doesn't Organizations: Service, Asset Management, Business, Trump, Jobs, DWS, Wall Street, Morgan Stanley Wealth, Cresset Capital Management, White, Washington, Democrats, Republicans Locations: DWS Americas

☆ Your favorite stocks may soon be quoted in half-penny increments – which could cut trading costs
▼ + stars: | 2024-09-18 | by ( Bob Pisani | ) www.cnbc.com time to read: +1 min

Traders work on the floor of the New York Stock Exchange during afternoon trading on September 05, 2024 in New York City. Michael M. Santiago | Getty ImagesInvestors may soon see their favorite stocks quoted in half-penny increments. The U.S. Securities and Exchange Commission will vote Wednesday to change the minimum pricing increment for many large-cap stocks, likely to allow for pricing increments of a half-cent. Currently, the minimum pricing increment — or tick size — for most stocks is one cent. In 1997, the minimum tick size went from an eighth of a dollar to a sixteenth, or 6.25 cents.

Persons: Michael M, That's Organizations: New York Stock Exchange, Santiago, Getty, U.S . Securities, Exchange Locations: New York City

CNN has attempted to reach BAC through the website that Gold Apollo gave to reporters. Later, the company told Gold Apollo it wished to make its own pagers and asked for the right to use its brand, he added. Taipei has no record of Gold Apollo pagers being shipped to Lebanon, the ministry said in a statement, adding it will continue to investigate. The logo of Taiwanese company Gold Apollo is seen outside its office in New Taipei City on September 18. Hsu founded Gold Apollo with 100 million New Taiwan dollars ($3.1 million) in capital in 1995, according to Taiwan’s corporate registry.

Persons: Hsu Ching, kuang, ” Hsu, “ I’ve, Apollo’s pagers, Hsu, Johnson Lai, Gold Apollo, Gold, ”, Yan Zhao, Hassan Nasrallah, pagers Organizations: New, Hong Kong CNN, New York Times, CNN, Consulting, BAC, Taiwan’s Ministry of Economic Affairs, Getty, Taiwan’s Commonwealth Magazine, FBI Locations: New Taipei City, Hong Kong, Lebanon, Israel, Taiwan, Europe, Budapest, United States, Australia, Taipei, AFP, Iran

☆ Making the Case for the Fed: Two Experts Weigh In
▼ + stars: | 2024-09-18 | 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 EmailMaking the Case for the Fed: Two Experts Weigh InRoger Ferguson, Former Federal Reserve Vice Chairman and Rachel Siegel, Washington Post Business Reporter, discuss the upcoming Fed rate decision, debating whether the cut will be 25 or 50 basis points.

Persons: Roger Ferguson, Rachel Siegel Organizations: Federal, Washington, Business

☆ A portfolio manager who's outperformed a major value index for over a decade shares 4 cheap stocks that the market's overlooking
▼ + stars: | 2024-09-18 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Market disconnectsSpeaking of mistakes in the market, Rosenthal thinks the current composition of the market is untenable and due for a correction. "We don't think the equal-weighted S&P or any kind of index ex the Mag Seven is at an extremely low valuation," Rosenthal said. Rosenthal holds CVS (CVS) in his portfolio. Nippon Sanso (NPXYY) is a Japanese oil and gas company that Rosenthal believes is undervalued. Combined with the structural tailwind of corporate reforms within Japan, Rosenthal believes this Japanese company's stock is well-positioned to appreciate in the coming years.

Persons: —, Scott Rosenthal, Rosenthal, Rosenthal's, it's Organizations: Service, Hotchkis & Wiley Capital Management, Wiley Global Value Fund, Business, Econ, CVS, Nippon Locations: Japan

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