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☆ New study finds invasive Jorō spiders ‘keep cool under pressure’
▼ + stars: | 2024-08-12 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +9 min

… It seems like even though their heart rate does accelerate, it’s much more even (than the other spider’s heart rates),” he added. To test the spiders’ heart rates, Davis and study coauthor Christina Vu, who was a University of Georgia undergraduate student of entomology at the time, wrangled 79 spiders from two different genera. The Jorō spiders (top left) had to be carefully restrained using pins in order to measure the arachnids' heart rates. They compared the spiders’ resting heart rates to their heart rates during restraint and found all the spiders’ heart rates increased, but the Argiope spiders, which are known to avoid urban settings, had many more spikes as they struggled to run away, according to the research. … To observe spider heart rates, they must be restrained in the first place, which causes a heart rate elevation,” he said.

Persons: I’ve, ’ ”, Andy Davis, panicking, Davis, Christina Vu, —, ” Vu, Jorōs, “, ”, Floyd Shockley, ” Shockley, Jay Stafstrom, ” Stafstrom, they’re Organizations: CNN —, University of Georgia, University of Georgia’s Odum, of Ecology, University, Georgia, Smithsonian National Museum of, Cornell University Locations: United States, Asia, Georgia, West Virginia , Tennessee, Maryland, Canada, arachnophobes, Washington , DC, Ithaca , New York

☆ Levels to watch on the yen, bond yields and Nvidia to know when this volatile market spell is over
▼ + stars: | 2024-08-12 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

S & P down 5.50% here, headlines of a Nikkei crash, and another great Yen carry unwind happening. I traded for a hedge fund and served as senior technical analyst for an foreign exchange company during the great financial crisis of 2008 that saw a severe yen carry unwind. If the line is headed south the dollar is weakening relative to the yen, and the yen is strengthening relative to the dollar. I believe that the July 11th CPI print that came 0.1% below expectations was the culprit to this whole yen carry unwind. Could this yen carry unwind move further?

Persons: it's, Todd Gordon Organizations: Nikkei, Markets, Inside Edge, CNBC, NBC UNIVERSAL

We've explained how current high-yield savings accounts beat inflation rates, and what Fed rate cuts mean for your savings. How does inflation affect savingsIn order to understand how high-yield savings accounts beat inflation, you first have to understand what inflation is. Dixon says that, while high-yield savings accounts are good for shorter-term savings such as emergency funds, investing can be a good longer-term strategy — as long as you understand the risk. If your savings aren't kept in a high-yield savings account, the interest you earn on your savings could be outpaced by the current inflation rate. Using a high-yield savings account can help you save your savings from inflation because current high-yield savings account rates are higher than current inflation rates.

Persons: —, We've, Patrina Dixon, there's, Dorsainvil, Dixon, it's, aren't Organizations: Service, Business, Federal Reserve, Consumer, Dorsainvil, YGC, CME, Am Locations: CFEI, U.S

☆ An Afghan Olympian once snuck into cycling races in a hijab. Then the Taliban took over.
▼ + stars: | 2024-08-12 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Read previewAfghan Olympic cyclist Fariba Hashimi was 15 when she entered her first cycling race. Both Hashimi and her sister Yulduz just fulfilled a dream that seemed impossible — representing their country at the Paris 2024 Olympics, in defiance of Afghanistan's Taliban rulers. The Afghan government collapsed in the power vacuum the US withdrawal left behind, leading the Taliban to retake power for the first time since 2001. AdvertisementThe pair led the field in a 35-mile road cycling competition for Afghan women exiles in Switzerland in 2022. AdvertisementNow, Hashimi wants to continue cycling to send a message to the world about the strength of Afghan women — and to inspire all the sportswomen she left behind.

Persons: —, Fariba Hashimi, Yulduz, Hashimi, Joe Biden, Alessandra Cappellotto Organizations: Service, Business, Olympics Locations: Kabul, Italian, Switzerland, Afghanistan

☆ Morgan Stanley just added these 3 safe stocks to their 'buy' list with the market expected to stay choppy
▼ + stars: | 2024-08-12 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Morgan Stanley has added three new high-quality defensive stocks to its "Fresh Money Buy List." AdvertisementMorgan Stanley expanded its list of recommended equities with three high-quality stocks, as the bank veer further into defensive positioning. These names could help shield against ongoing macro uncertainty, which Morgan Stanley does not expect will resolve anytime soon. Morgan Stanley holds an Overweight rating on the company, with a price target of $211 per share. (3) Northrop GrummanNOC, the defense and aerospace company, joined Morgan Stanley's list as a premium equity for exposure to industrials.

Persons: Morgan Stanley, —, Consumer Staples, Wilson, Public Service Enterprise Group Morgan Stanley, Morgan Stanley's Organizations: Service, Federal, Healthcare, Consumer, Public Service Enterprise Group, Northrop Grumman NOC, Verizon, Walmart Locations: Real

☆ The startup landscape for deals is drastically changing
▼ + stars: | 2024-08-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how the startup landscape is drastically changing thanks to the entrance of private-equity firms and the rise of acquihires . Private equity is filling the gap left by a frozen IPO market and corporates unwilling or unable to cut deals, writes Business Insider's Melia Russell. Perhaps most importantly, a PE deal means equity holders get cash immediately, unlike an IPO that has some holding periods. Acquihires where the brains behind buzzy AI startups sell themselves (instead of the entire company) to bigger players are in vogue, writes BI's Ben Bergman and Sri Muppidi. Depreciation costs to massive GPU chip investments pose a huge risk for AI companies .

Persons: —, You've, Alyssa Powell, Insider's Melia Russell, shivers, Samantha Lee, BI's Ben Bergman, Sri, acquihires, they'll, VCs, it's, Taylor Swift, Tyler Le, Fisker, Zuck, Elon Musk's, Mark Zuckerberg, Jenny Chang, Rodriguez, Biden, Donald Trump, Elon Musk, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Amanda Yen Organizations: Service, Business, SV Getty, Tech, guardrails, Character.AI, Getty, UBS, Mega, Revenue Locations: Europe, New York, London

☆ I hiked a mountain in the Andes to celebrate my 40th birthday. The hallucinations and violent vomiting that followed had not been part of the plan.
▼ + stars: | 2024-08-12 | by ( Elizabeth Lavis | ) www.businessinsider.com time to read: +6 min

I got altitude psychosis a few hundred meters from high camp as I scaled the frigid face of Huayna Potosi, the ninth-highest mountain in the Bolivian Andes. The geodesic dome was surrounded by snow at Huayna Potosi High Camp. Elizabeth LavisThanks to my excellent guide, I made it to high camp and spent the night in an orange geodesic dome perched on Potosi's precarious eastern side. He rapidly identified the seriousness of the situation, carried my day pack the rest of the way, and helped me ascend slowly to high camp. While I was fairly fit and prepared to climb Huayna Potosi, I didn't consider the mental or extreme physical toll the mountain would take.

Persons: —, hallucinating, crampons skidding, Elizabeth Lavis, I've, it's Organizations: Service, Business, Bolivia's La, El, Huayna, Psychiatry Locations: Huayna Potosi, Bolivian, Caucasus, Potosi, Bolivia's, Bolivia's La Paz, El Alto, Lake Titicaca, Peru, Bolivia, Camp, Svaneti , Georgia

Mortgage rates are down today compared to where they've been in recent weeks, with 30-year mortgage rates hovering in the low 6% range, according to Zillow data. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 15-Year Fixed Mortgage RatesLast week, average 15-year mortgage rates were 5.63%, a 36-basis-point decrease from the previous week, according to Freddie Mac data. Mortgage rates have been elevated for most of 2024, but they've been trending down in recent months. Once the Fed cuts rates, mortgage rates should fall even further.

Persons: they've, you'll, Freddie Mac, it's Organizations: July's, CPI, Federal Reserve, Zillow Locations: Chevron

☆ Elon Musk is interviewing Trump tonight. He wasn't always so political.
▼ + stars: | 2024-08-12 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +1 min

Elon Musk used to try and stay out of politics, but that's all changed this election. He posts about politics on X significantly more now than he did just a few years ago. Musk formed the America PAC, which is supporting Trump and mobilizing swing state voters. Go to newsletter preferences Thanks for signing up! AdvertisementIn 2015, Elon Musk said that he gets "involved in politics as little as possible."

Persons: Elon Musk, Musk, —, Donald Trump Organizations: America PAC, Trump, Service, Tesla, SpaceX, Washington Post, Business

☆ More public healthcare companies will be taken private. Here's what PE firms are betting on.
▼ + stars: | 2024-08-12 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +7 min

Read previewRevenue cycle management company R1 RCM just announced its acquisition by two private equity firms for a whopping $8.9 billion — signaling a long-awaited resurgence of big healthcare deals. Private equity's return to the sceneThe debt market is finally correcting for the types of deals healthcare companies have been waiting for. Revenue cycle management has long been a hot area for private equity firms. AdvertisementSpringer said she thinks private equity firms are "very unlikely to buy a care delivery company in this environment." Sen. Markey introduced the Health Over Wealth Act in July that would limit private equity investment in healthcare providers.

Persons: —, Augmedix, Altaris, hasn't, dealmakers, David Marks, They're, Thad Davis, haven't, Davis, Tanay Tandon, Commure, Athelas, it's, Rebecca Springer, we'll, Shiv Rao, Abridge Springer, she'd, Springer, Steward, Sen, Markey, Brian Snyder, Knight's Marks, I've, Marks Organizations: Service, Business, Holland &, Leerink Partners, Epic, Mayo Clinic, Reuters, Holland, FTC

☆ Flying Is Awful, but New Ways to Fix Air Travel Are on the Way
▼ + stars: | 2024-08-12 | by ( Emily Stewart | ) www.businessinsider.com time to read: +13 min

The message to the airline industry: You've had a few too many screwups to be left to your own devices. Over the past couple of years, the Biden administration has introduced a slew of rules and services intended to make airline passengers' lives easier. The airline industry seems to be relatively on board with the refund idea. But there are plenty of other problems with the airline industry that need solving — some the government can take care of, and some the government is causing. Gallup polls suggest more Americans have a negative view of the airline industry than a positive one.

Persons: You've, Bob Mann, William McGee, Joe Biden's, Pete Buttigieg, Biden, pocketbooks, They've, Janet Bednarek, Buttigieg, —, it's, It's, Bednarek, McGee, Mann, George Ferguson, wasn't, Emily Stewart Organizations: Boeing, Delta, Department of Transportation, Airlines, American Economic Liberties, Southwest, University of Dayton, Federal Aviation Administration, Airlines for America, Biden, Bloomberg Intelligence, FAA, Gallup, Business

PARIS — President Emmanuel Macron celebrated his country’s success at the Olympics and turned the tables on Jimmy Fallon, who hosted Sunday night’s closing ceremony. Speaking with NBC News at the presidential palace in Paris on Sunday, Macron expressed optimism about the potential for the global community to “do great things” together. He said he even appreciated the jokes about French clichés because France was able to show its unique landscapes, heritage and culture over the last two weeks. Macron did mention a few standouts, such as the opening ceremony on the Seine and the 22-year-old French swimmer Léon Marchand’s haul of gold medals. Asked how important the American vote is to the rest of the world, Macron said the U.S. leadership sets a tone for many other countries.

Persons: Emmanuel Macron, Jimmy Fallon, Macron, ”, Fallon, ” Macron, ” Read, Lester Holt ”, Léon, “, ” Paris, Le, Kamala Harris, Donald Trump, ” Keir Simmons Organizations: PARIS, Olympics, NBC News, NBC, White, Doha Madani Locations: France, Paris, Los Angeles, U.S, New York City

☆ Vance says Trump wouldn’t ban abortion pill days after Trump indicated he would be open to it
▼ + stars: | 2024-08-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Summer-Concepcion-Byline-Jm.Jpg | Summer Concepcion | ) www.nbcnews.com time to read: +4 min

“What the president has said very clearly is that abortion policy should be made by the states, right? Vance similarly said that people at the press conference had difficulty hearing and understanding the question. He reiterated that the former president stands by the Supreme Court’s decision to allow mifepristone to stay on the market. “Maybe he couldn’t hear that person super clearly, so I don’t want to put words in President Trump’s mouth,” Vance said. We want to give them more options to choose to have that baby, to make it easier to raise that baby.”

Persons: Sen, JD Vance, Donald Trump’s, Vance, ”, ” Vance, Trump, “, ” Karoline Leavitt, ” Leavitt, Roe, Wade, Trump’s, “ I’ll, Donald Trump Organizations: CBS, Ohio Republican, and Drug Administration, NBC News, CNN, Trump, NBC, ABC Locations: Lago, Florida

At least one person was killed and two were injured after a house in Maryland exploded Sunday morning, according to the Harford County Fire and EMS Association. Video and pictures from the scene show that the house was completely destroyed and left piles of debris in the surrounding area. There were around 60 personnel from multiple fire and emergency service agencies on scene to assist with the explosion, Sexton said. The Harford County Sheriff’s Office and the Bureau of Alcohol, Tobacco, Firearms and Explosives are also helping with the investigation. “Currently, it is still a very active search and rescue scene,” Alkire said.

Persons: Oliver Alkire, Jeffrey Sexton, I’ve, ” Alkire, Sexton, It’s, “, Alkire, Lisa Czawlytko, ” Czawlytko Organizations: Fire, EMS Association, Baltimore Gas and Electric Company, Sheriff’s, Alcohol, Tobacco, Firearms, Explosives, ”, NBC Locations: Maryland, Harford, Harford County

☆ Their homes burned in the Camp Fire. Then the Park Fire destroyed their new ones.
▼ + stars: | 2024-08-11 | by ( Evan Bush | Evan Bush Is A Science Reporter For Nbc News. | ) www.nbcnews.com time to read: +11 min

Courtesy Ken BakerDisplaced in the Camp Fire, Ken Baker plans to return to Paradise after his second home burned, too. The Camp Fire burned for weeks in November 2018, killing 85 people and destroying more than 13,500 homes. Daneau, Baker and Pero were part of the settlement with Pacific Gas & Electric Co., whose utility lines started the Camp Fire. Sylvia Baker Courtesy Ken BakerBaker, 59, is an Iraq War veteran who works for the Department of Veterans Affairs in Chico. When the quote jumped to $12,000, “it became unobtainable.”Kristy and Michael Daneau’s home in Cohasset, which burned down in the Park fire.

Persons: Ken Baker, ” Baker, Ken Baker Baker, Sylvia, ”, Sisyphus, Baker, Ken Baker's, Ken Baker “, Michael Daneau, Kristy, “ It’s, Rick Pero, Lisa Stone, ” Pero, CatMandu, Rick Pero “, Pero, Stone, Rick Pero manicured, Michael, Michael frantically, Daneau, ” Daneau, “, we’re, ” Kristy, Kristy Daneau, Michael Daneau’s Cohasset, Kristy Daneau “, Sylvia Baker, Ken Baker “ You’ve, You’ve, Alex Wood, Wood, Michael Daneau’s, Daneau’s, don’t, can’t, he’s, humbling Organizations: NBC, Pacific Gas & Electric Co, Department of Veterans Affairs, GMC Sonoma Locations: Paradise , California, Cohasset, Paradise, California, Mexico, Chico , California, Chico, Daneau, Iraq, we’ll

Condo owners unable to pay an assessment can be foreclosed on by their condo association. After that, she plans to move back into her Florida condo, but in the meantime, she’s been living with her adult son. But that’s what happens when prior boards don’t do their job.”But the decision ended up pitting the building’s owners against each other, with some owners saying the work was unnecessary. “These guys ruined my early retirement plan.”Lopez, who helped craft the legislation, said she is looking for ways to provide relief to condo owners once Florida’s Legislature reconvenes next year. Stone would like to see the state Legislature give buildings and condo owners more time to comply with the regulations so they would be able to spread out the costs.

Persons: Janet Stone, she’s, ’ ”, Stone, We’ve, ”, Vicki Lopez, “, —, Greg Batista, he’s, reapplied, ” Stone, Krista Goodrich, they’ve, Batista, Joseph Hernandez, Edgardo Defortuna, ” Defortuna, Jeremy Maurice, Maurice, ” Maurice, Steve Davis, Cristian Murray, ” Murray, ” Lopez, reconvenes, “ I’m, I’m Organizations: Florida House, NBC, Yacht, Surfside, Condo, realtors, Statewide, Dade, University of Miami Locations: Florida’s, Las Vegas, Ormond Beach , Florida, Florida, Champlain, Miami, ”, Daytona Beach, Orlando, Miami Beach, Hollywood , Florida, Ormond Beach, Redfin, Volusia County, South, Dade County

☆ Zelenskyy confirms Ukrainian troops are fighting in Russia
▼ + stars: | 2024-08-11 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +4 min

The unprecedented assault began on Tuesday, when up to 1,000 troops entered the Kursk region, according to Russian reports. In Ukraine, the country continues to battle Russia on domestic fronts, including a deadly air attack early Sunday on Kyiv. Belarus, a staunch ally of Russia, has also sent more troops to its border with Ukraine and said Saturday that Ukrainian drones had violated its airspace. Top Russian general Valery Gerasimov boasted last week that Ukrainian troops had been stopped, but Russia is yet to report pushing Kyiv’s forces back across the border. APBut advances into Russia come at a time when Ukrainian forces continue to struggle on several longstanding conflict zones inside its own borders.

Persons: Volodymyr Zelenksyy, Igor Kutsak, HANDOUT, Zelenskyy, Vladimir Putin, Valery Gerasimov, Aleksei Smirnov, Vitaliy Klitschko, ”, Andriy Yermak Organizations: Kremlin, Moscow, Kyiv, Getty, Federal, Terrorism, Ukrainian, Air Locations: Russia’s, Kursk, Ukraine, Russia, AFP, Russian, Belarus, Kyiv, Korean, Pyongyang, Moscow

☆ Harris to attend major San Francisco fundraiser Sunday with Nancy Pelosi
▼ + stars: | 2024-08-11 | by ( Allie Raffa | Allie Raffa Is An Nbc News White House Correspondent Based In Washington | ) www.nbcnews.com time to read: +3 min

After wrapping up her multi-day battleground state tour, Vice President Kamala Harris will attend a major fundraiser in San Francisco on Sunday to court West Coast donors, some of whom had pulled their support for President Joe Biden after his poor debate performance in June. Harris will court Bay Area donors using her deep roots in the area and the political blessing of former House Speaker Nancy Pelosi, who has represented San Francisco for nearly four decades in Congress and will join Harris at Sunday’s event, according to a Harris campaign official. In an interview with NBC's Andrea Mitchell on Wednesday, Pelosi said, "It wasn’t just, though, about the House. I thought it was very important, very important for us to make sure and that Donald Trump never becomes president after that debate. We just have to win the election.”She also said that she had not spoken with the president since he stepped aside.

Persons: Kamala Harris, Joe Biden, Harris, Nancy Pelosi, Walz, Tim Walz, he’ll, ”, Biden, —, Pelosi, David Remnick, NBC's Andrea Mitchell, Donald Trump Organizations: San, Harris, Minnesota, NBC News, East, MSNBC, House, Senate, New, Biden, Wednesday Locations: San Francisco, Coast, Sunday’s, California, Las Vegas, Minnesota, East Coast

☆ I quit Goldman Sachs to be a stay-at-home dad. More men should look after the kids so women can have careers.
▼ + stars: | 2024-08-11 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

Read previewThis as-told-to essay is based on a transcribed conversation with Pranshu Dwivedi, 35, from New Delhi, about quitting his job at Goldman Sachs to be a stay-at-home dad. Business Insider verified his employment at Goldman Sachs with documentation. I joined Goldman Sachs as an intern in 2011, and in 2012 I got a full-time job as an analyst working in their Bengaluru office. AdvertisementI loved my experience at Goldman Sachs. I joined Goldman Sachs full-time in 2012, working on the equity research team.

Persons: —, Pranshu Dwivedi, Goldman Sachs, Goldman, I've, Hong Kong Goldman, We'd, wouldn't, She's, I'm, there's Organizations: Service, Goldman, Business Locations: New Delhi, Bengaluru, Hong Kong, Delhi, India

☆ Cairns, Australia: Helicopter crashes onto roof of DoubleTree Hilton Hotel, killing pilot
▼ + stars: | 2024-08-11 | by ( Hilary Whiteman | Jessie Yeung | ) edition.cnn.com time to read: +3 min

Brisbane, Australia CNN —A helicopter crashed onto the roof of a seaside hotel in Cairns, Australia, in the early hours of Monday, killing the pilot, authorities said, as video showed flames and smoke billowing into the night sky. Police tape around an area in Cairns, Australia, after a helicopter crash on August 12, 2024. As she pulled out her phone to film it, the helicopter veered and headed straight towards the nearby well-lit buildings. Witness Veronica Knight heard two explosions when the helicopter hit the hotel – the first on impact followed by a smaller explosion a short time later. Knight said the helicopter had passed over trees and another taller building before hitting the roof of the seven-story hotel.

Persons: Australia CNN —, Veronica Knight, Knight, “, ”, –, Hilton Cairns Organizations: Australia CNN, Hilton Hotel, Police, Nautilus Aviation, CNN, . Police, DoubleTree, Australian Transport Safety Bureau Locations: Brisbane, Australia, Cairns , Australia, Cairns Esplanade, Queensland, Cairns, Sydney

☆ Extreme weather is here to stay. How to financially prepare yourself for a disaster
▼ + stars: | 2024-08-11 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

New York CNN —No part of the United States is spared the risk of extreme weather events, which have been hitting harder in recent years. From wildfires and tornadoes to hurricanes and flooding to prolonged heat waves, the potential damage from extreme weather to people, animals and property is high. Make sure you have adequate insurance coverageHaving sufficient insurance is key to preserving your finances and sanity after a disaster. Keep a physical copy of your insurance coverage and the title and deed to your home in a waterproof or fireproof bag or other container. You might also add to your list a FEMA helpline number so you can register for assistance after a disaster: 800-621-3362.

Persons: ”, Loretta Worters, Josh Edelson, ” Worters, Keith Turi, Worters, Turi Organizations: New, New York CNN, Insurance, Institute, Federal Emergency Management Agency, FEMA Locations: New York, United States, Oroville , California, AFP

☆ Recession Fears Are Fueling Stock Market Crash, Wall Street Chaos
▼ + stars: | 2024-08-11 | by ( Linette Lopez | ) www.businessinsider.com time to read: +11 min

While there was some demand for protection against the prospect of volatility reemerging, overall sentiment across Wall Street had gotten more bullish. Until Wall Street can be sure that the consumer will hold on (or not), conviction is easily shaken. After years of weird times and outsize gains, Wall Street is dancing on a knife's edge. After years of weird times and outsize gains, Wall Street is dancing on a knife's edge. What happened on Monday was a sudden realization that the new structure may assert itself before Wall Street imagined it would.

Persons: —, Jerome Powell, we've, they'd, corporates, Dow, Mandy Xu, Cboe's, Wall, Torsten Slok, Slok, Shake, Kevin Gordon, Charles Schwab, they've Organizations: Dow Jones, Bank of Japan, Big Tech, Federal Reserve, Nasdaq, Wall, Apollo Global Management, Corporations, Companies Locations: Asia, Japan, Mexico

How Close Are the Planet’s Climate Tipping Points? How close today’s ice is to suffering the same fate is something scientists are still trying to figure out. Sudden Shift in the West African Monsoon0 +3 +6 +9 +12 +16 +18˚F WE ARE HERE Degrees of warming 0 +3 +6 +9 +12 +16 +18˚F WE ARE HERE Degrees of warming 0 +3 +6 +9 +12 +16 +18˚F WE ARE HERE Degrees of warmingAround 15,000 years ago, the Sahara started turning green. When it might happen: Hard to predict. “With every gram of additional CO2 in the atmosphere, we are increasing the likelihood of tipping events,” he said.

Persons: ”, Tapio Schneider, “ It’s, David Holland, Niklas Boers, “ Organizations: California Institute of Technology, West Antarctic, New York University, Animals, Amazon, Technical University of Munich, Potsdam Institute, Climate Impact Locations: Western Canada, Alaska, Siberia, Greenland, Antarctica, Sahara, North Africa, East Africa, Africa, Caribbean, Europe

☆ Europe inflation may spike on Olympics and Taylor Swift, but UBS says it won't hit locals' wallets
▼ + stars: | 2024-08-11 | by ( Sean Conlon | ) www.cnbc.com time to read: +7 min

Kevin Voigt | Getty Images Sport | Getty ImagesThe Olympic Games are causing a surge in prices, but French consumers aren't likely to feel its pinch. "The Olympic Games or a Taylor Swift concert create a sudden demand shock," wrote Paul Donovan, chief economist at UBS Global Wealth Management, in a recent analyst note. But in the days after the closing ceremony, Paris hotel bookings are projected to drop from a year ago. Tourists pass near a banner with the Paris 2024 logo before the start of the Paris 2024 Olympic and Paralympic Games on June 17, 2024 in Paris, France. Paris 2024 may generate as much as $12 billion, or 11.1 billion euros, in long-term economic impact, a recent study from the Centre for Law and Economics of Sport estimated.

Persons: Kevin Voigt, Taylor, Paul Donovan, Taylor Swift, Kevin Mazur, Swift, Donovan, Matthias Hangst, it's, ove Organizations: Eiffel, Getty, UBS, UBS Global Wealth Management, Wembley, Olympics, City of Light, Games, CNBC, —, Olympic, Paralympic Games, Paralympics, Paris, Chesnot, Visa, Paris Olympics, Centre for Law, Sport, Olympic Committee Locations: Paris, France, London, City, Greater Paris, U.S, Triomphe, cardholders, Barcelona

☆ A millennial couple who make $250,000 say they can't find a home in their budget: 'We refuse to become house-poor'
▼ + stars: | 2024-08-11 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

They want to keep their monthly mortgage payment between $3,000 and $3,500 — or around 30% of their monthly take-home income of about $11,000. However, rising home prices and mortgage rates in recent years have made this goal difficult to accomplish. "We refuse to become 'house-poor' and, like many others, are choosing to sit it out until the housing market is reasonable again," Laura said. With an 11% downpayment, they estimated their monthly mortgage payment would be about $5,000 — about 43% of the couple's take-home monthly pay. AdvertisementGoing forward, Laura said they plan to continue monitoring the housing market for a home they like that's in their budget.

Persons: —, Laura Graves, Samuel, they'd, Laura, they've, they're, it's, There's, Samuel aren't, We'll Organizations: Service, Business, Federal, Housing Locations: Portland, Wilsonville , Oregon, Wilsonville, Spokane , Washington

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