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☆ Trump threatens '200% tariff' if John Deere moves production to Mexico
▼ + stars: | 2024-09-23 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +2 min

Former President Donald Trump on Monday threatened John Deere with a 200% tariff if the agricultural manufacturer moves production to factories in Mexico. John Deere has announced that it plans to shift production of some of its models to Mexico, a move that has resulted in layoffs at facilities in Iowa. It's hurting our manufacturing," Trump said Monday. Monday appeared to be the first time Trump had singled out John Deere. The former president's comments appeared to be off the cuff, prompted only by the John Deere tractors that were set up as the backdrop of the event.

Persons: Donald Trump, John Deere, They've, Trump, John Deere's Organizations: Republican, Protecting America Initiative, CNBC, . Manufacturing, Deere Locations: Smithton , Pennsylvania, Mexico, United States, Iowa, Michigan

☆ JD Vance says he's worried about a 'death spiral' in the US bond market. Here's what he's talking about.
▼ + stars: | 2024-09-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

JD Vance warned recently of a "death spiral" in the US bond market. "Do they try to take down the Trump presidency by spiking bond rates?" AdvertisementVice Presidential candidate JD Vance worries about soaring interest rates sparking a "death spiral" in the US bond market that could ultimately "take down the finances of this country." And the only thing that really makes that serviceable is the interest rates are still pretty low. As to where US interest rates seem to be going in the near future, the answer is lower.

Persons: Vance, Trump, JD Vance, —, Tucker Carlson, Liz Truss, Steve Sosnick, Sosnick Organizations: Service, Trump, Federal, Medicare, Social Security, Bank of England, Interactive Brokers, Business Locations: China, Japan

☆ Why that blackmailer claiming to have your search history probably doesn't
▼ + stars: | 2024-09-22 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Federal and state police across the country warned about a rise in the number of email "sextortion" scams this month. The Maryland State Police said in a statement on Thursday that reports of one sextortion scam targeting Gmail users surged in August and September. In these scams, someone tells a victim they have access to embarrassing search history or compromising photos. This means the scammers may have access to your email and even some of your current or former passwords, but they do not have access to your computer or search history. The Maryland State Police say to be cautious of any "unsolicited" emails you receive to your Gmail account to avoid being the victim of a scam.

Persons: —, bitcoin, They're, they've Organizations: Service, Maryland State Police, Business, FTC, Google Locations: Federal, Maryland

Learn moreThe WNBA Playoffs begin today, and among the four scheduled games is a showdown between the Indiana Fever vs. Connecticut Sun. Below, we've compiled all the info on how to watch Indiana Fever vs. Connecticut Sun Game 1, including cable and streaming options. The Indiana Fever have also never won a championship, but they've competed in the Finals twice. ET on ESPN Game 3 (if necessary): Friday at TBD on ESPN2How to watch Indiana Fever vs. Connecticut Sun in the USThe Indiana Fever and Connecticut Sun games will be spread across ABC, ESPN, and ESPN2. Check price at ExpressVPNHow to watch Indiana Fever vs. Connecticut Sun with a VPNSign up for a VPN if you don't already have one.

Persons: we've, Olympian Alyssa Thomas, they've, They've, Caitlin Clark, Kelsey Mitchell —, ExpressVPN Organizations: Business, Indiana Fever, Connecticut Sun, Indiana, Indiana Fever's, Sun, New York Liberty, Las Vegas Aces, ABC, ESPN, ESPN2, Sling, ESPN Wednesday Locations: ExpressVPN

☆ My children are having a better, more fun childhood than I did. I think I'm jealous.
▼ + stars: | 2024-09-22 | by ( Joe Harless | ) www.businessinsider.com time to read: +5 min

Read previewA recent sleepover made me consider how different my childhood was compared to my children's. While my sleepovers were better than theirs, their experiences in other areas of their childhood seem much better. And while I'm happy they get to have those experiences, I'm also starting to get a little jealous. They don't have to spend hours at church like I didOf all the shared life experiences, church activity makes me the most envious. And it's nice to think that someday in the future, my oldest will be hesitant to let his kid mow the lawn, too.

Persons: —, Sleepovers, I'm, Trunchbull, I'd, they've, Zelda, That's Organizations: Service, Business, Disney, Methodist Locations: West Virginia, Orlando, Chattanooga, Asheville, North Carolina, Breckenridge

☆ American Companies' China Profits Are Declining; Increased War Chance
▼ + stars: | 2024-09-22 | by ( Linette Lopez | ) www.businessinsider.com time to read: +15 min

Without the promise of profits, American firms are also becoming less willing to go to bat for China — to reinforce the idea that China's market is crucial to the success of their futures. No demandAfter pandemic lockdowns ended in 2023, the Chinese economy experienced what is known on Wall Street as a "dead cat bounce." What money Chinese consumers are still able to spend is increasingly going to companies that grew up in their home country. Related storiesWhat money Chinese consumers are still able to spend is increasingly going to companies that grew up in their home country. It gives corporations, already under financial pressure as China's economy declines, even less reason to act as interlocutors encouraging stability between Washington and Beijing.

Persons: Washington —, Xi Jinping, Lee Miller, lockdowns, They're, Xi, Yi Gang, Michael Pettis, Tesla, Elon Musk, it's, Ball, Jamie Dimon, It's, China's, Goldman Sachs, Ray Dalio, seeping, Miller, Kamala Harris, Donald Trump, Harris, —, Trump, Biden, we're, Cordell Hull Organizations: Apple, Nike, Chinese Communist Party, People's Bank of, Carnegie Endowment, China Business Council, Starbucks, Street, Bridgewater Associates, Beijing, East Asia State Department, CCP, Trump, State Department, Republicans, Financial, Broadcom, Nvidia, Biden Administration Locations: China, America, Beijing, Washington, American, South China, Taiwan, People's Bank of China, Shanghai

As the Fed lowers its benchmark rate, mortgage rates are expected to ease in 2024 and 2025. A lot of people assume that when the Fed cuts rates, mortgage rates will drop, too. By the time the Fed actually gets around to cutting rates, mortgage rates typically already reflect the impact of that cut. 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: they've, Freddie Mac Organizations: Federal Reserve, Fed, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs Locations: Chevron

☆ How reproductive rights, Greek life, and celebrity endorsements could prove key to Kamala Harris' bid for women voters
▼ + stars: | 2024-09-21 | by ( Rebecca Rommen | Nathan Rennolds | ) www.businessinsider.com time to read: +8 min

And it seems to be going well for the vice president so far. AdvertisementA key area closely connected to gender voting patterns — and which has helped tip elections toward the Democrats in recent years — is abortion rights. AdvertisementWomen-led political action committees (PACs) and organizations have also been rallying behind the vice president over the issue. The vice president is a member of Alpha Kappa Alpha, the US's oldest Black sorority and part of the National Pan-Hellenic Council — more commonly known as the Divine Nine. Black women are also getting behind Harris' running mate, Tim Walz, who has established himself as a reproductive rights messenger in his own right.

Persons: —, Kamala Harris, Donald Trump, Harris, Joe Biden, Roe, Wade, Biden, Vance, Shana Gadarian, Ali Monge, Jessica Mackler, Trump, — that's, Win McNamee, Tonya Ly, They've, Tim Walz, Walz, Brenda Coles, you've, hadn't, JD Vance, Taylor Swift, Cat Lady, Fernando Leon, TAS23, Drew Hallowell, Swift, Billie Eilish, Beyoncé, Darrell West, Winfrey, Obama Organizations: Service, Business, Democrats, Suffolk University, USA, Trump, Syracuse University, Women, PAC, Getty, Alpha Kappa Alpha, Black, Pan, Hellenic, Politico, DNC, Rights Management, Governance, Brookings Institution Locations: Minnesota, Virginia, Instagram, African

☆ How this 'Bachelor' star turned reality TV fame into a small influencer fortune
▼ + stars: | 2024-09-21 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

Mari Pepin and Kenny Braasch got engaged on season 7 of "Bachelor in Paradise" and married in 2023. Pepin was a participant on "The Bachelor" season 25, which aired in 2021, and then returned for "Bachelor in Paradise" season 7 later that year. After "Bachelor in Paradise" aired and her following jumped, influencer opportunities followed. Mariela Pepin, who goes by Mari, was a contestant on "The Bachelor" season 25 and then "Bachelor in Paradise" season 7. Still, 57% of Gen Zers said they would like to become an influencer if given the chance, according to a 2023 report from Morning Consult.

Persons: Mari Pepin, Kenny Braasch, Pepin, Kenny Braasch's, Braasch, Mariela Pepin, Mari, influencers, Casey Lewis, Gen Zers, Lewis, Bankrate Organizations: Finance, Pepin, CNBC, Brands Locations: Chicago, U.S

☆ Three stocks are getting dropped from the S&P 500. This ETF sees them as rebound candidates
▼ + stars: | 2024-09-21 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

"That's what gets them to a market cap big enough to be of interest. The resulting portfolio is effectively a small cap value fund with upside. Illiquid deletions "Deletions tend to be thinly traded, small cap, illiquid. To be sure, the strategy doesn't work for every stock that falls out of a large cap index. That's roughly the picture we have for deletions," Arnott said.

Persons: Rob Arnott, Stocks, they've, Arnott, Russell, NIXT Organizations: Airlines, Rad Laboratories, Research, American Airlines, Architects

☆ How Elon Musk hopes his new supercomputers will boost his businesses
▼ + stars: | 2024-09-21 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +3 min

Dojo will process and train AI models using the large amounts of video and data captured by Tesla cars. Subscriptions to Tesla's FSD features cost $99 a month and include automatic lane changes, automatic parking and automatic stopping for traffic lights and stop signs. Tesla hopes Dojo, which Musk says has been running tasks for Tesla since 2023, will change that. Musk has said that Tesla plans to spend $10 billion this year on AI. To learn more about Elon Musk's supercomputer plans, watch the video.

Persons: Elon Musk, Tesla, They've, let's, Steven Dickens, Cruise, Didi, Musk Organizations: Futurum, Baidu, Microsoft, Google, Memphis, Elon Locations: Buffalo , New York, Austin , Texas, China, Memphis , Tennessee

☆ It's OK to opt out of political conversations if you need a break—and more tips for managing news burnout
▼ + stars: | 2024-09-21 | by ( Renée Onque | ) www.cnbc.com time to read: +1 min

While it's important to stay up-to-date with the news, it can be draining, especially during presidential election years. Seventy percent of American adults reported feeling anxious about current events, according to an April poll of more than 2,200 people by the American Psychiatric Association. Thriving Center of Psychology conducted a similar survey this summer, with 72% of the 1,031 participants reporting that they are stressed about the upcoming election. The social media landscape may only be amplifying that political anxiety. We spoke to De Gannes and Elisabeth Morray, a licensed psychologist, about how to identify signs of anxiety and burnout from news consumption, and how to address it.

Persons: Gannes, De Gannes, Elisabeth Morray Organizations: American Psychiatric Association, Psychology, of Psychology, CNBC

☆ Baby boomers have a ton of their wealth tied up in stocks and housing. Here's why that's a risk to the economy.
▼ + stars: | 2024-09-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

Khurana thinks what has made boomers the wealthiest generation — stocks and housing — also makes them a risk to economic stability. AdvertisementSuch a scenario is an '"underappreciated risk," he said, given how much boomers' spending habits have fueled economic growth in recent years. The demographic spends around $548 billion a year, more than any other generation, according to a report from marketing research firm Epsilon. AdvertisementBroken down by each generation's holdings of property and stocks, boomers accounted for 42% of all real estate ownership and 54% of all corporate equity and mutual fund ownership. That's not to say boomers will cause the next recession, but the risk during a recession is dialed up under the current paradigm, Khurana said.

Persons: —, America's, Brij, Khurana, boomers, they've, John Hussman, That's Organizations: Service, Wellington Management, Business, McKinsey & Company, New York Fed, Epsilon, New, Boomers, Federal Reserve, Governors Boomers, Governors Locations: New, New York, Florida and Texas

Mortgage rates for September 21, 2024, are around 5.70%, according to Zillow data. See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Mortgage Refinance Rates? See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates have increased slightly and are hovering around 5.70%, according to Zillow data. But now that inflation has decelerated and the Fed is expected to cut rates soon, mortgage rates have trended down.

Persons: Freddie Mac, it's, Fannie Mae Organizations: Labor Department, Zillow, Fed, Mortgage, Association, ARM, . Government Locations: Chevron, Government

☆ Read the pitch deck that personal-shopping startup The Floorr used to raise $1.7 million in funding
▼ + stars: | 2024-09-21 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

Many have personal shoppers, people whose job it is to pull the best purses to take to brunch or jackets to wear on vacation in the Hamptons. "You think about how much power they have" — top personal shoppers can sell up to $5 million a year — "but they have no tools," she said. Not only does this segmentation create a mess for clients, it meant that personal shoppers could lose out on commissions. Along the way, the app collects data — helping personal shoppers and retailers know which products are performing better and the trends that are emerging. The Floorr shared the 12-page pitch deck it used to raise its $1.65 million round.

Persons: —, Lupe Puerta, Porter, Puerta, Bergdorf Goodman, Shopbop, Chloé, Carmen Busquets, Nigora Tokhtabayeva, they've Organizations: Service, Business, Bain, Hamptons, Prada

☆ A 70-year-old lost 70 pounds and got into weight-lifting. She shares 4 tips for getting fit whatever your age.
▼ + stars: | 2024-09-21 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +5 min

The 70-year-old, who stood at 5'3", weighed 200 pounds after years of mindless snacking and was on blood pressure medication. Fast-forward eight years, and MacDonald is a 78-year-old fitness influencer with 1.9 million followers who can hip thrust 235 pounds. MacDonald started going to the gym five times a week, where she would do 15 minutes of cardio on a machine, followed by free weights. MacDonald shared some of her biggest tips for getting fit and losing weight at any age. I knew I wanted to lose weight, but I wanted also to get strong," she said.

Persons: —, Joan MacDonald's, MacDonald, Joan MacDonald, 45lb, I'm, I've, it's, Will McLaren, MacDonald didn't, You've Organizations: Service, Business, Centers for Disease Control, Research, Preventive Medicine

I think they understand that he's so transactional and so devoid of core values that anything that they want they can manipulate him to get," Cuban said of Silicon Valley backers of Trump. It's unclear what business Cuban is referring to. Related storiesTo be sure, this isn't the first time Cuban has speculated on his Silicon Valley peers' motivations for backing Trump. But after digging into Trump's business records, Cuban said he changed his mind. "I just think he was and would be a lousy president," Cuban wrote.

Persons: —, Cuban, Donald Trump, Brian Tyler Cohen, Trump, Cohen, Elon Musk, Musk, It's, Jon Stewart, They've, Stewart, Cuban's, Kamala Harris, Roy Cohn, McCarthy, Vivek Ramaswamy, Mike Pence, Axios, Joe Biden Organizations: Service, Business, Trump, Cuban, bros, Republican, Trump University Locations: Silicon Valley, Silicon, Cuban, Springfield , Ohio

☆ A boomer who couldn't afford retirement in the US moved to Ecuador and said she's living an 'upscale life on a modest budget'
▼ + stars: | 2024-09-20 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

She said she went from stressing constantly about retirement to living comfortably, though life is at times lonely. "Between all those things, the result of that wonderful, exciting life was that I didn't save for retirement," Gretchen said. Living comfortably for cheaperWith $3,000 a month and a small brokerage account, Gretchen and her husband live comfortably in Ecuador. Gretchen Kay and her husband live in a newly built condo in Ecuador. In Utah, they paid over $1,000 a year in property insurance and about $1,000 in property taxes.

Persons: Gretchen Kay, Robert, Gretchen, Ecuador Gretchen, wasn't, she's Organizations: Service, Business, Walmart, Social Security, Mayo Clinic, Google Locations: Ecuador, Utah, Canoa, San Vicente, Moab, South America, Peru, Ecuador's, San Diego, Quito, Cuenca

☆ Family offices are the most bullish they've been in years, survey says
▼ + stars: | 2024-09-20 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

Family offices are the most bullish they've been in years, putting their cash to work in stocks and alternatives as the Fed starts to cut interest rates, according to a new survey. Nearly all family offices, 97%, expect positive returns this year, and nearly half expect double-digit gains, according to Citi Private Bank's 2024 Global Family Office Survey. With interest rates heading down, family offices are also regaining their appetite for stocks. More than a third, 39%, of family offices plan to increase their allocation to developed-market equities, mainly the U.S., while only 9% plan to trim their equity exposure. That comes after 43% of family offices increased their exposure to public stocks last year.

Persons: Robert Frank, they've, Hannes Hofmann Organizations: Citi, Citi Private Bank

☆ What TikTok ban? Advertisers, employees, and creators seem unfazed by its increasingly precarious future
▼ + stars: | 2024-09-20 | by ( Lara O'Reilly | Dan Whateley | ) www.businessinsider.com time to read: +6 min

A former Department of Justice attorney told Business Insider this week that the court seemed poised to rule against TikTok. AdvertisementMany TikTok creators appear unconcerned by the prospect of a ban. Others are fighting it: In May, a group of eight TikTok creators filed a lawsuit against the US government over the potential ban. TikTok users turn to the app for more than just entertainment. The current TikTok staffer told BI that they felt that advertisers were paying less attention to TikTok ban news as they've been busy gearing up for the holiday season.

Persons: —, it's, ByteDance, Daniel Openshaw, haven't, TikToker Alex Ojeda, aren't, They're, Emarketer, they've, Kantar, Gonca Organizations: Service, DC, Department of Justice, TikTok, Business, US, Tech, Jovena, Clutch, Expand, Brands, Pew Research Center, . Business, YouTube, Meta, Amazon Locations: Jovena Natal, New York, California, TikTok

☆ The West's restrictions on Ukraine's weapons are making its F-16s less effective, military experts say
▼ + stars: | 2024-09-20 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +8 min

Read previewWestern restrictions on how Ukraine can hit targets in Russia make its F-16 fighter jets less effective, military experts told Business Insider. This, in turn, leaves Russia's weaponry more free to hit Ukrainian jets, making them more vulnerable and less able to fly close to the front lines. A still from footage by Ukraine's air force that shows a Storm Shadow missile being launched. A limited number of F-16sThe effectiveness of Ukraine's F-16s faces other challenges, too. Ukraine and its allies, as well as warfare experts, also describe Ukraine's F-16 program as being in its infancy.

Persons: —, George Barros, Barros, DIMITAR DILKOFF, Michael Bohnert, Gordon B, Skip, Davis, Jr, Volodymyr Zelenskyi, Vitalii, it's, Czarek, Michael Clarke, Volodymyr Zelensky, Keir Giles, Oleksiy, Zelenskyy, Ukraine's Organizations: Service, Business, Getty, RAND Corporation, Shadow, YouTube, Ukrainian Air Force, AP, Chatham House's, Air, Libkos, Ukraine US Locations: Ukraine, Russia, AFP, Kursk, Denmark, Norway, Belgium, Netherlands, Poland, Chatham House's Russia, Eurasia, Russian, Ukrainian, Shepetivka, Britain

☆ A millennial FIRE couple shares how moving abroad and living on a $50k income helped them quadruple their net worth to $700k in 6 years
▼ + stars: | 2024-09-20 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

AdvertisementDavis shared how he's grown his net worth — and why he thinks finding one's dream work can help them live their ideal life. For example, if a person retires at age 60 — rather than age 50 — then it would be much easier for them to hit their retirement savings goal. That's why Davis thinks the key is finding one's dream work. "You just need enough money to cover any shortfall between what you want to spend and what your dream work pays," he said. To be sure, finding a job — forget about one's dream job — is easier said than done in today's economy.

Persons: —, he'd, Brian Davis, Davis —, he's, Davis, — Davis, Brian Davis Davis, Katie, it's, they've, hasn't, That's Organizations: Service, FIRE, Business, BI Locations: Abu Dhabi, Brazil, Lima, Peru, South America

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

☆ 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

☆ Nike's new CEO was an intern at the brand in 1988. He's now in charge of saving one of the biggest sports apparel legacies in the world.
▼ + stars: | 2024-09-20 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Read previewNike's incoming CEO is an old face in the company, having worked his way up the ranks from intern to C-Suite exec. He's set to take over Nike's outgoing CEO, John Donahoe, who has led the company since 2020. This story is available exclusively to Business Insider subscribers. According to Hill's biography, which Nike shared with BI, he started in the company as an apparel sales representative intern in 1988. AdvertisementNike representatives did not respond to a request for comment from Business Insider sent outside business hours.

Persons: —, Elliott Hill, He's, John Donahoe, Hill's, Hill, I'm, I've, Tom Peddie, Peddie, Locker, David Daniels, Daniels, Peter Cappelli, Cappelli, Elliot Hill, he's, Justin Sullivan, Jim Duffy, BI's Lloyd Lee, Duffy, they've, Ursula Burns, Burns Organizations: Service, Business, Nike, BI, NIKE, — Consumer, National University of Singapore, Wharton School, University of Pennsylvania, Stifel, Xerox, Columbia University, Business Insider

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