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At least five deaths have been confirmed in St. Lucie County on the state’s Atlantic coast, where tornadoes touched down. The city’s mayor told reporters that no serious injuries or deaths have been reported there in the wake of the storm. Ron DeSantis told reporters at a briefing Thursday morning. Search and rescue teams worked overnight to save families and pets, DeSantis told reporters. Milton made landfall just 13 days after Helene devastated the Southeast, breaking the record for the shortest amount of time between two major hurricanes in Florida.

Persons: Milton, Ron DeSantis, ” DeSantis, Hurricane Helene, ”, DeSantis, Nadia Zomorodian, Joe Biden, ” Biden, “, Helene Organizations: Gov, Residents, USA, Coast Guard, National Weather Service, Sunshine State Locations: Florida, Siesta, Tampa, St, Lucie County, St . Petersburg, Volusia County, Venice Beach, Sarasota County, Petersburg, South Daytona, Fla, Milton, Cape Canaveral, U.S, Georgia , North Carolina, South Carolina , Tennessee, Virginia

Hurricane Milton's powerful winds overnight Wednesday severely damaged the roof of the Tampa Bay Rays' home ballpark, Tropicana Field, which had been set for use by workers responding to the storm. An aerial view of Tropicana Field's shredded roof in downtown St. Petersburg, Fla., in the wake of Hurricane Milton on Oct. 10, 2024. Tampa Bay Times / ZUMA Press via ShutterstockThe stadium's playing field and stands could be seen in that overheard footage, through where panels once were. There were no injuries immediately reported from that area of downtown St. Petersburg, according to a city statement. Tampa Bay missed the playoffs for the first time since 2018.

Persons: Hurricane Milton Organizations: Tampa Bay Rays, Tropicana, Tampa Bay Times, ZUMA, Tropicana Field, Florida Division, Emergency Management, The Rays, Tampa Bay Locations: St . Petersburg, Fla, Hurricane, downtown St . Petersburg, Florida

☆ Florida wakes to Milton's destruction and Vegas says goodbye to the Tropicana casino: Morning Rundown
▼ + stars: | 2024-10-10 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +8 min

Hurricane Milton leaves a trail of destruction in Florida. Milton sweeps through Florida after a destructive landfallFlorida communities are waking up to destruction left by Hurricane Milton as the storm tore through the state — the second major hurricane to hit in two weeks. More Hurricane Milton coverage:Milton intensified at one of the fastest rates in recorded history. ➡️ An NBC News poll found Harris and Trump voters see their candidates representing “change” but in very different ways. The iconic Tropicana casino was imploded to make way for a proposed $1.5 billion stadium to house the Oakland Athletics ahead of the team’s planned move to Sin City in 2028.

Persons: Milton, Hurricane Milton, Sheriff Keith Pearson, ” Pearson, “, Tom, Helene, Dan ”, Hurricane Helene, Dow Jones, pare, Nasir Ahman Tawhedi, Tawhedi, Biden, Harris, Donald Trump riled, Kamala Harris, Trump, Marxist ”, ” Trump, “ Somebody, ‘, ”, ➡️ Trump, ➡️ Harris, Glock, Josh Shapiro, Elon Musk, Kari Lake, Ruben Gallego, Maya Huter, — Rich Bellis, you’re, Elizabeth Robinson Organizations: CIA, Las, Hurricane, Field, Tampa Bay Rays, West Palm Beach, Florida National Guard, Hurricane Milton, NBC, Federal, Wall Street, FBI, U.S ., ISIS, Republican, Trump, Harris Former, Marxist, Democratic Party’s, ➡️, Democratic Rep, Arizona Senate, Tropicana, Oakland Athletics, Sin City, Walmart Locations: Florida, An Afghan, Milton, Siesta, St . Petersburg, West Palm, Lucie County, U.S, Tampa, Hurricane, Afghanistan, Scranton , Pennsylvania, Harris, Scranton, Colorado , California , Illinois, New York, Pennsylvania, Arizona, Sin

☆ Video shows crane collapsed into building
▼ + stars: | 2024-10-10 | by ( Nina Avramova | ) edition.cnn.com time to read: 1 min

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☆ Photos show the aftermath of Hurricane Milton, Florida's 2nd massive storm in 2 weeks
▼ + stars: | 2024-10-10 | by ( Talia Lakritz | Gabbi Shaw | ) www.businessinsider.com time to read: +2 min

Hurricane Milton slammed into southwest Florida on Wednesday. AdvertisementHurricane Milton ripped through southwest Florida on Wednesday, nearly two weeks after Hurricane Helene hit Florida's Big Bend region. Hurricane Milton made landfall near Sarasota County as a Category 3 storm on Wednesday evening. Ron DeSantis said Hurricane Milton weakened before reaching the Florida coast, lessening storm surges that were predicted to be on par with Hurricane Helene. Photos show the aftermath of Hurricane Milton along Florida's coast.

Persons: Milton, —, Helene, Florida's, Hurricane Milton, Ron DeSantis, Hurricane Helene Organizations: Service, NBC News, Hurricane Locations: Florida, Bend, Hurricane, Sarasota County, St, Petersburg, Florida's

The county’s machines had to be replaced afterwards when data, including passwords for the machines, was posted online. "It was her job to protect the election equipment, and she turned on it and used her power for her own advantage." Peters said she was simply trying to preserve information to make sure the election was secure, and asked the judge to sentence her to probation. County officials said Peters' continued fraudulent election claims also led to a slew of death threats against election workers while she traveled the country promoting her claims and ignored her professional duties. She was defeated in the Republican primary and alleged election fraud in that race, demanding a recount after losing by 85,000 votes.

Persons: Tina Peters, Mike Lindell, Donald Trump, Peters, Matthew Barrett, Barrett, I'm, Jessica Drake, Matt Crane, Daniel Rubinstein, Pam Anderson Organizations: Dominion Voting Systems, Association, Republican Locations: Colorado, “, Mesa County

☆ Americans are able to bet on the US elections again after a legal fight
▼ + stars: | 2024-10-03 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Americans can bet on the outcome of US elections following a legal fight. Last month, Kalshi briefly listed bets on congressional election outcomes before the CFTC shut them down. On Wednesday, prediction market Kalshi got the go-ahead to take bets on congressional elections after a months-long legal battle with the Commodity Futures Trading Commission. That makes it one of the only options for Americans to bet on election outcomes, and the only legal one for Americans to wager large amounts of money. The court's decision comes just five weeks before the elections, and follows years of legal battles between prediction markets and the CFTC.

Persons: Kalshi, —, CoinDesk, Harry Crane Organizations: CFTC, Service, Futures Trading Commission, Federal, Kalshi, Senate, Rutgers University Locations: New York, New Zealand

☆ Yields on cash are cooling. Here are a few alternatives for your short-term dollars
▼ + stars: | 2024-10-01 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

It's only been two weeks since the Federal Reserve cut interest rates for the first time in more than four years, but investors are already getting paid less to park their extra cash. Central bank policymakers trimmed a half point from the fed funds rate in September, bringing it down to a range of 4.75% to 5%. That means that the days of 5% yields on idle cash are largely in the past, at least for the current cycle. Lock in with ladders Three key considerations for investors holding cash would be liquidity, yield and risk. For clients who want ready access to their cash, a high-yield savings account could be a solid bet, Sergunina said.

Persons: Jerome Powell, Arvind Narayanan, Anna Sergunina, Sergunina, Narayanan, Amy Arnott, isn't Organizations: Federal Reserve, Vanguard, Main, Financial, ., Federal Deposit Insurance, Morningstar, Bond, SEC Locations: Central, Los Gatos, Calif

☆ This is the cost of carrying too much cash, according to Wells Fargo
▼ + stars: | 2024-09-30 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Americans' love affair with cash may be costing them in the long run, according to Wells Fargo. A record $6.42 trillion is sitting in money market funds, as of Wednesday, according to the Investment Company Institute . The seven-day annualized yield on the Crane 100 list of the 100 largest taxable money funds is currently 4.75%. During Fed rate decreases, direct money market investments, like Treasury bills, will absorb the cuts quicker than money market funds. "A long-term risk of relying on money market funds as a sizable allocation is the cash drag over our strategic time horizon," she said.

Persons: Peter Crane, Crane, Michelle Wan, Wan, Wells Fargo, Brian Rehling Organizations: Investment Company Institute, Federal Reserve, Crane Locations: Wells Fargo

☆ World’s first 3D-printed hotel takes shape in Texas
▼ + stars: | 2024-09-26 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

It is building 43 new hotel units and 18 residential homes over 40 acres — all with a 3D printer. It is the world’s first 3D-printed hotel, says El Cosmico owner Liz Lambert and the partners behind the project — Austin, Texas-based 3D printing company ICON and architects Bjarke Ingels Group. The “ink” of this 3D printer is a special cement-based material called Lavacrete, a proprietary mixture designed for strength, affordable scale, and printability. In the long term, 3D-printed construction could displace some skilled laboring jobs, said Milad Bazli, a science and technology lecturer at Charles Darwin University in Australia. The hotel units will range between $200 and $450 per night.

Persons: El Cosmico, Liz Lambert, Bjarke, Lambert, ” Lambert, “ I’ve, It’s, ICON’s Vulcan, Jason Ballard, ” Ballard, Milad Bazli, “, ” Bazli Organizations: Bjarke Ingels, Charles Darwin University Locations: MARFA, Texas, El, Marfa, Austin , Texas, Austin, Australia

☆ China’s newest nuclear-powered submarine sank earlier this year, US official says
▼ + stars: | 2024-09-26 | by ( Oren Liebermann | Paul P. Murphy | ) edition.cnn.com time to read: +3 min

CNN —China’s newest nuclear-powered submarine sank pierside in the spring and the Chinese Navy tried to conceal the loss, according to two US defense officials. The attack submarine was the first of its new Zhou-class line of vessels, the official said, under construction at a shipyard near the city of Wuhan. “It’s not surprising that the PLA Navy would try to conceal the fact that their new first-in-class nuclear-powered attack submarine sank pierside,” said the senior US defense official. According to the latest China military power report from 2023, the PLA Navy operates six nuclear-powered ballistic missile submarines, six nuclear-powered attack submarines, and 48 diesel-powered attack submarines. The PLA Navy has 370 platforms, which includes 234 warships, according to CRS, while the US has 219 warships.

Persons: The Zhou, Zhou, It’s, ”, Tom Shugart, “ I’ve, ” Shugart, Shugart Organizations: CNN, Chinese Navy, Maxar Technologies, PLA Navy, Center, New, New American Security, People’s Liberation Army, PLA ) Navy, US Navy, Street Journal, Congressional Research Service, Navy, CRS Locations: Wuhan, The, New American, Beijing, United States, China, Washington ,

☆ Investors should still keep emergency funds liquid after the Fed's interest rate cut, advisor says
▼ + stars: | 2024-09-25 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

After years of higher yields on cash, the Federal Reserve's shifting policy means lower future returns on savings, certificates of deposit and money market funds. Despite falling rates, investors should still keep emergency funds "liquid," meaning the cash can be easily tapped, financial experts say. Banks use the federal funds rate to lend to and borrow from one another. Meanwhile, the biggest retail money market funds were still paying around 5%, as of Sept. 24, according to Crane Data. If you have been earning 4% to 5% on emergency savings, you could see a "small reduction" in the short term, said Kenealy, who recommends keeping emergency funds where they are.

Persons: Kathleen Kenealy, Banks, Kenealy Organizations: Finance, Data Locations: Woburn , Massachusetts

A woman was rescued after a crash left a Porsche SUV dangling from the third floor of a parking garage in Coral Gables, Florida, on Monday, officials said. Coral Gables Fire Rescue officials said the crash sent the SUV through a concrete barrier. A Porsche SUV dangles from the third floor of a parking garage in Coral Gables, Fla., on Monday. Emergency personnel respond to a Porsche SUV accident as it dangles from the third floor of a parking garage in Coral Gables, Fla., on Monday. I heard a really hard crash, so I thought it was a car crash between two cars,” Katiana Polanco said.

Persons: Xavier Jones, WTVJ, Katiana Polanco Organizations: Porsche, Gables Fire Rescue, NBC South Florida's, Rescue Division, Emergency Locations: Coral Gables , Florida, Remo, Coral Gables, Fla

☆ How to position your investment portfolio for lower rates, according to experts
▼ + stars: | 2024-09-22 | by ( Anna Gleason | ) www.cnbc.com time to read: +2 min

It could be time to rethink popular portfolio strategies for a lower interest rate environment. The Federal Reserve's half-percent rate cut on Wednesday marked the first time in more than four years it moved to lower the benchmark interest rate. According to VanEck CEO Jan van Eck, investors should start thinking about how the changing macro environment will affect their investments in the year ahead. "We're going to be in an easing cycle, so small-cap companies are going to be benefited by lower interest rates," the firm's chief ETF strategist said. With rates finally beginning to fall, van Eck points to the federal deficit as the next potential challenge for markets.

Persons: Jan van Eck, CNBC's, Russell, Jon Maier, it's, Crane, Maier, van Eck Organizations: Federal, Morgan, Investors

☆ Constellation Energy to restart Three Mile Island nuclear plant, sell the power to Microsoft for AI
▼ + stars: | 2024-09-20 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Norma Field walks under power lines coming off of the nuclear plant on Three Mile Island (TMI), with the operational plant run by Exelon Generation, in Middletown, Pennsylvania. Constellation Energy plans to restart the Three Mile Island nuclear plant and will sell the power to Microsoft, demonstrating the immense power needs of the tech sector as they build out data centers to support artificial intelligence. Constellation described the agreement with Microsoft as the largest power purchase agreement that the nuclear plant operator has ever signed. Three Mile Island would be the second nuclear plant to restart operations in U.S. history. The Palisades nuclear plant in Michigan would be the first, with that plant expected to return to service at the end of 2025.

Persons: Norma Field, Constellation, Joe Dominguez, Goldman Sachs Organizations: Exelon, Constellation Energy, Microsoft, Constellation, Nuclear Regulatory Commission, Clean Energy Center, Rystad Energy, Turkey . Tech, Amazon Web Services, Talen Energy, Susquehanna, Oracle Locations: Middletown , Pennsylvania, Turkey, Pennsylvania, Michigan

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

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

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

☆ Diving in the Titan ‘was never supposed to be safe,’ mission specialist says of the experimental submersible
▼ + stars: | 2024-09-20 | by ( Alaa Elassar | Graham Hurley | ) edition.cnn.com time to read: +6 min

CNN —Four days of hearings on the 2023 implosion of the Titan submersible which killed all five people on board concluded this week with more damning testimony recounting multiple safety incidents over the years. Lahey said he saw the Titan in March 2019 while in the Bahamas and was “not impressed,” and told OceanGate staff members how he felt about it. I saw evidence where they were crimping cables to hold on weights, it just looked amateurish in its execution,” he said. “Anyone that felt safe going to depths in the Titan was deluded or delusional, it was an experimental vessel, it was clear that it was dangerous,” said Hagen. David Lochridge, a former director of marine operations for OceanGate who expressed safety concerns about the ill-fated Titan submersible, said during his testimony earlier this week the Titan tragedy could have been prevented if US safety authorities had investigated his complaints.

Persons: Patrick Lahey, Lahey, “, ”, OceanGate, ” OceanGate, Rush, ” Fred Hagan, Corey Connor, ” Lahey, Fred Hagen, Hagen, Antonella Wilby, Wilby, that’s, ” Steven Ross, Ross, OceanGate . Rush, David Lochridge, ” Lochridge Organizations: CNN, Titan, Triton, Triton Submarines, Stockton Rush, imploding, Marine Technology Society, MTS, OSHA Locations: Bahamas, North Charleston , South Carolina

☆ Dancing, drums and rituals: with zeal and joy, India celebrates Hindu festival Ganesh Chaturthi
▼ + stars: | 2024-09-18 | by ( Lex Harvey | ) edition.cnn.com time to read: +3 min

CNN —Huge crowds of devotees gathered across India this month to celebrate the Hindu festival Ganesh Chaturthi, marking the birth of the deity Ganesha, the elephant-headed, round-bellied god of prosperity and wisdom. Ganesh Chaturthi falls each year in late summer, during the Bhadra month in the Hindu calendar, and marks a celebratory time of year when families gather. Devotees parade with a large idol of elephant-headed Hindu god Ganesh in Mumbai, India, on September 17, 2024. Saurabh Sirohiya/NurPhoto/Getty ImagesCrowds gather for rituals and celebrations during the Ganesh Chaturthi festival in Mumbai, India on September 17, 2024. Punit Paranjpe/AFP/Getty ImagesHindu devotees chant as they carry a statue of the Hindu God Ganesha on the last day of the Ganesh Chaturthi festival, in New Delhi, India on September 17, 2024.

Persons: Ganesh, Ganesha, Ganesh Chaturthi, Saurabh, Ritesh Shukla, R.Satish Babu, Raj K Raj, Punit Paranjpe, Lord Ganesh Organizations: CNN, Getty, Geeta, Hindustan Times Locations: India, India’s, Maharashtra, Mumbai, Bay, Bengal, Chennai, Delhi Government, New Delhi, AFP

Savings Accounts and C.D.sWhat’s happening now: The rate reversal is likely to be most disappointing for savers, who have benefited from juicier yields on everything from online savings accounts and certificates of deposit to money market funds. Those are all likely to inch lower, in line with the Fed’s move, but some providers may move faster than others. That usually depends on whether the bank wants to attract new customers by dangling yields that are more attractive than their competitors’ offerings. If you’re considering certificates of deposit, now is probably the time to lock in a decent rate if you haven’t already. Online savings accounts averaged 4.40 percent in August, down from 5.1 percent the same month last year.

Persons: you’ll, Jeff Sommer’s Locations: DepositAccounts.com

☆ Both parties court Navajo voters in battleground Arizona
▼ + stars: | 2024-09-14 | by ( Veronica Stracqualursi | ) edition.cnn.com time to read: +8 min

Window Rock, Arizona CNN —Nearing the end of the annual Navajo Nation parade route last Saturday, the Arizona Republican Party’s float — pulled by an 18-wheeler and adorned with Trump-Vance campaign signs — came to a halt. The Navajo Nation makes up the largest tribe in Arizona, with about 131,000 members, according to the US Census. A Marine veteran, Gallego said his ties to the Navajo Nation stem from his military veteran friends from the tribe. “I believe we have many strong, educated women, especially on the Navajo Nation. “Not everybody wants to help the Indigenous.”Her remote part of the Navajo Nation rarely gets visitors, let alone campaigns knocking on her door.

Persons: , Arizona CNN —, Vance, —, “, Joe Biden, Kamala Harris ’ ascendance, Gina Swoboda, Trump, ” Swoboda, ”, Swoboda, we’re, Harris, it’s, “ let’s, Ruben Gallego, Kari Lake –, Eli Crane, Jonathan Nez, Sen, Kyrsten Sinema, –, Myron Lizer, Gallego, Republicans don’t, that’s, ” Gallego, Danielle Doctor, Harris ’, Tom Ranger, Biden, Allie Young, Loretta Charley, they’re, “ Who’s Organizations: , Arizona CNN, Navajo, Arizona Republican, Trump, Arizona, Democrats, White, Senate, Arizona GOP, Republican National Committee, CNN, Republican Party, Tribal, Democratic, GOP, Navajo Nation Museum, Republicans, Marine, Voters, Republican, Biden, House Administration, US, Navajo Nation Locations: , Arizona, Arizona, Washington, Navajo Nation, Flagstaff, “, Apache, Navajo, Gallego, Phoenix, House, Rocky

A woman holds a sign with former President Donald Trump's mugshot while riding the Arizona GOP's float at the Navajo Nation parade on Sept. 7. A man holds a Harris-Walz sign at the Navajo Nation parade in Window Rock, Arizona. Nez, who was swarmed by young children asking for his autograph, served as president of the Navajo Nation for four years until 2023. “One big thing is fixing the roads on the Navajo Nation, putting highways on those dirt roads. The Navajo Nation also used over $520 million in funding from a Biden-backed law to “nearly double” new infrastructure building, the Navajo president’s office announced this year.

Persons: surrogates, ”, Lomakoyva Manuel, Lorinda Strayhorn, Leo Mann, Mann, Donald Trump's mugshot, Alex Tabet, “, Joe Biden, Manuel, Strayhorn, Roland, “ I’m, Harris, Walz, Sen, Theresa Hatathlie, ” Hatathlie, Gina Swoboda —, Swoboda, Trump, Kari Lake, ” Lake, they’ve, Ruben Gallego, Gallego, ” Gallego, he’s, Jonathan Nez, Arizona’s, “ Ruben Gallego, He’s, Eli Crane, Denzel Bia, Steve Blackrock, Deb Haaland, Halee Dobbins, ” Swoboda Organizations: —, Navajo Nation, Republican, Democratic, NBC, Uplift, Arizona, State, NBC News, Safeway, NBC News Democratic, Navajo, Trump, “, Republican Senate, Democratic Rep, Indigenous, American Child Protection, Senate, Congressional, Democrat, Biden, Interior Department, Republican National Committee’s Locations: Navajo, Albuquerque , New Mexico, Nazlini , Arizona, Arizona, Data, Phoenix, Rock , Arizona, Farms, Black Mesa , Arizona, Republican National Committee’s Arizona

☆ Money market funds hit another record high — but experts warn it's time to move out of cash. Where they see opportunity
▼ + stars: | 2024-09-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Assets in money market funds hit $6.3 trillion the week that ended Wednesday, another record high, according to the Investment Company Institute . The annualized 7-day yield on the Crane 100 list of the 100 largest taxable money funds is currently 5.08%. History shows that when investors do move out of money market funds, they move into fixed income over equities, he said. Institutional investors will also continue to move into money market funds as the Fed cuts rates because any cash they have in direct money market investments, such as Treasury bills, will be hit by rate cuts quicker than money market funds, explained Peter Crane, founder of Crane Data, a firm that tracks the industry. Once you have the appropriate cash needs set aside, consider moving any excess funds into fixed income, Jenkin said.

Persons: Mark Cabana, Peter Crane, Crane, Ted Jenkin, Jenkin, Leslie Falconio, Fannie Mae, Freddie Mac, Ginnie Mae, Falconio Organizations: Investment Company Institute, Bank of America, Federal Reserve, Institutional, Crane, CNBC, American Express, Bread Financial, UBS, U.S . Locations: UBS Americas

☆ These banks are cutting CD and savings rates. Where to park your cash to grab yield
▼ + stars: | 2024-08-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Last week, three online banks cut their 1-year CD rates, according to BTIG. Meanwhile, Synchrony slashed its online savings rate by 10 basis points to 4.65%. "We believe online banks are intentionally trying to shift customers toward savings rates, which are floating, over term rates," he said. The annualized seven-day yield on the Crane 100 list of the 100 largest taxable money funds is 5.11%, as of Monday. With both high-yield savings and money market funds, the rates can fluctuate.

Persons: Marcus, Goldman Sachs, Sallie Mae, Synchrony, Jerome Powell, Vincent Caintic, Christine Benz, Benz, Winnie Sun, Cathy Curtis, Curtis Organizations: Federal, Morningstar, Federal Deposit Insurance Corp, Sun, Wealth Partners, CNBC, Money, Curtis Financial, Treasury Locations: Capital

☆ How bond experts recommend positioning for lower interest rates
▼ + stars: | 2024-08-12 | by ( Anna Gleason | ) www.cnbc.com time to read: +1 min

Investors may want to start preparing now to earn lower yields on their cash. With the Federal Reserve signaling it could cut interest rates in September, Pimco's Jerome Schneider sees a major disadvantage in holding on to cash as money market yields come down. "You're finding yourself moving from a 5% risk-free rate to a 3.5% risk-free rate pretty quickly on that cash," the firm's head of short-term portfolio management told CNBC's "ETF Edge" last week. The 100 largest money market funds are still offering a competitive return on cash at 5.12%, as of Sunday, per Crane Data. "Move to those ultra-short ETF strategies, low-duration ETF strategies, even the bond and core ETF strategies that have actively managed components," he said.

Persons: Pimco's Jerome Schneider, Schneider, it's Organizations: Federal, Treasury

☆ He won gold for the Philippines. Then the gifts started pouring in — including a $600,000 condo and a lifetime supply of ramen.
▼ + stars: | 2024-08-07 | by ( Erin Liam | ) www.businessinsider.com time to read: +5 min

These freebies are in addition to the Philippine House of Representatives' cash incentive of 3 million Philippine pesos granted to all gold medalists. In the US, gold medalists take home $37,500. Hong Kong — which offers the highest bonus — awards 6 million Hong Kong dollars, or about $768,000, to its gold medalists, per CNBC. AdvertisementCorrection: August 7, 2024 — An earlier version of this story misdescribed Hong Kong. It's 6 million Hong Kong dollars, not 600,000 Hong Kong dollars.

Persons: —, Carlos Yulo, freebies, Yulo, Megaworld, Virgil Lo, Bucket, Marcus Luer, Luer, James Crane, Buchwald, Joseph Schooling, Nestlé's Milo, Yakult, Hugo Boss, it's Organizations: Service, Olympics, Paris, McKinley, Business, Apollo Home Depot, Philippine, Hong, CNBC, Total Sports Asia, Olympic Games Locations: Megaworld, Taguig, Manila, Hong Kong, Singapore, Philippines, China

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