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☆ Indiana ban on gender transition treatment for minors upheld by U.S. appeals court
▼ + stars: | 2024-11-14 | by ( ) www.nbcnews.com time to read: +3 min

Circuit Court of Appeals on Wednesday comes as the U.S. Supreme Court prepares to hear a challenge to a similar law in Tennessee, which may ultimately determine whether all such state laws around the country can be enforced. The plaintiffs argued that the law discriminated on the basis of sex by prohibiting certain treatments based on the patient’s sex. Circuit Judge Michael Brennan, writing for the majority, rejected both arguments. Brennan, who was appointed by Republican former president and now president-elect Donald Trump, was joined by Senior Circuit Judge Kenneth Ripple, an appointee of Republican former president Ronald Reagan. Circuit Court of Appeals, No.

Persons: Todd Rokita, ”, ’, Michael Brennan, Brennan, Donald Trump, Kenneth Ripple, Ronald Reagan, Candace Jackson, Akiwumi, Joe Biden, Helene White Organizations: Republican, U.S, Circuit, Supreme, Indiana, Hoosiers, American Civil Liberties Union, Senior, Democratic, Dissenting, American Academy of Pediatrics, of Indiana, 7th U.S Locations: Indiana, Tennessee, 7th

☆ Home Depot’s sales are improving, but it says consumers are still cautious about spending
▼ + stars: | 2024-11-12 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +8 min

It previously expected total sales to rise by between 2.5% and 3.5% for the year. Home Depot customers have continued to put off projects, even though they're in good financial shape, he said. It marked the eighth consecutive quarter of negative comparable sales at Home Depot, though the smallest drop since the string of declines began. Sales related to Hurricanes Helene and Milton contributed about one half a percentage point of sales growth to the quarter. Even as Home Depot reports modest growth, some investors have bet the company will see stronger sales in the near future.

Persons: Richard McPhail, They're, McPhail, Hurricanes Helene, Milton, Donald Trump, We've, Steve Madden, Skelly Organizations: CNBC, LSEG, Revenue, Home, Shoppers, Weather, Home Depot, Hurricanes, Federal Reserve, Depot Locations: Mexico City, Mexico, U.S, Texas, China, North America, Santa Claus

☆ Americans are investing in ‘hurricane-resistant’ homes
▼ + stars: | 2024-11-12 | by ( Oscar Holland | ) edition.cnn.com time to read: +11 min

Although primarily interested in the homes' hurricane-resistant properties, Tener said he was also drawn to their panoramic views. A Deltec house on the hurricane-prone Tampa Bay in St Petersburg, Florida. But Linton believes only one of the approximately 3,000 Deltec homes built after the mid-1990s has ever suffered structural damage — during Hurricane Irma in 2017. Deltec says it also sells homes in areas not known for hurricanes, like this one on Lake Superior in Michigan. Courtesy Deltec“That 99.9% survival rate… looks at what we think of as the modern era, when we began focusing on designing these homes for hurricanes.

Persons: Gene Tener, Tener, Debby, Helene, “, ” Tener, Tammy, Gene Tener's, Jeff Hall, Michael, Steve Linton, ” Linton, Jeff Hall “, ”, Linton, ” Deltec’s, Deltec, —, Harvey, Hurricane Dorian, Hurricane Irma, Hurricane Hugo, Andrew Organizations: CNN, Washington Post Locations: , Florida, Crystal River , Florida, Crystal, Asheville , North Carolina, Tampa, St Petersburg , Florida, East Coasts, Florida , Louisiana , Texas, Mississippi, Rockport , Texas, prefabs, Bahamas, Florida, Hurricane, Superior, Michigan

☆ We're adding to our position in this stock that deserves more love from the market
▼ + stars: | 2024-11-12 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Companywide comparable sales declined 1.3%, much better than the 3.1% decline expected, according to FactSet. In the United States, comparable sales fell 1.2%, the smallest decline in nearly two years. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, Hurricanes Helene, Milton, Jim Cramer, Jim Organizations: Home, Hurricanes, Home Depot, Federal, CNBC Locations: United States

☆ A shadow ‘financial crisis’ has cost the world $2 trillion
▼ + stars: | 2024-11-10 | by ( Samantha Delouya | ) edition.cnn.com time to read: +3 min

That’s a lot of damage – but it’s only a small fraction of what climate change has cost people around the world. A new report is flashing a warning signal about climate change and natural disasters, finding that their total economic damage has skyrocketed into the trillions. “Just as the global financial crisis was met with a swift and concerted response from world leaders, we need governments to understand that the economic impact of climate change necessitates a response of similar speed and decisiveness,” said John W.H. Trump has promised to undo climate regulations in the country, including rolling back pollution limits on tailpipes and power plants. Separate data released last week by Europe’s Copernicus Climate Change Service confirms that the world will likely surpass a grim milestone this year: 2024 is likely to be the hottest year on record.

Persons: Hurricane Helene, Hurricane, ”, John W.H, Denton AO, Donald Trump, Trump, ” Denton, Europe’s Copernicus Organizations: CNN, International Chamber of Commerce, United Nations, ICC Locations: Hurricane, Hurricane Milton, CoreLogic, Azerbaijan, Paris

☆ The 2 things that will drive the stock market after last week's Trump-Fed rally
▼ + stars: | 2024-11-10 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Stock Chart Icon Stock chart icon Performance since Nov. 1 closeThe stock market reaction Wednesday to Republican Donald Trump's victory over Democrat Kamala Harris was swift and powerful, sending the Dow , the S&P 500 and the Nasdaq to all-time highs. For the week, consumer discretionary, energy, industrials, financials, and information technology were the top five sectors. Only time will tell how the balance of power will play out and whether it's good or bad for the stock market. Barring anything catastrophic, President Joe Biden and Vice President Harris will hand Trump the baton of a healthy economy with moderating inflation and a strong stock market. Stock Chart Icon Stock chart icon Disney YTDDisney reports before the bell Thursday, and its experiences business will be in focus as it has softened recently due to the recent hurricane activity that forced closures at Florida theme park locations and inflation-weary consumers.

Persons: Donald Trump, Jerome Powell, Drew Angerer, Republican Donald Trump's, Kamala Harris, Dow, Jim Cramer, Wells Fargo Morgan Stanley, Trump, Joe Biden, Harris, FactSet, Helene, Milton, we're, Disney's, Tyson, JD.com Organizations: Federal, White House, Republican, Dow, Nasdaq, Staples, Honeywell, White, Capitol, Republicans, NBC News, Trump, Depot, Disney, CPI, PPI, Home Depot, Summer, IAC, Hertz, Tyson Foods, TSN, AstraZeneca, Occidental Petroleum, Rocket Companies, Cisco, Parts Locations: Washington ,, financials, Washington, inflect, Florida, Paris

☆ FEMA employee fired after advising disaster relief team not to visit homes with signs supporting Donald Trump
▼ + stars: | 2024-11-09 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mirna-Alsharif-Byline-Jm.Jpg | Mirna Alsharif | ) www.nbcnews.com time to read: +1 min

A Federal Emergency Management Agency employee was fired after recently advising a disaster relief team to not visit homes with yard signs that support President-elect Donald Trump. FEMA did not clarify where the incident happened, or when, and the employee has not been identified. But in a statement on Saturday, FEMA Administrator Deanne Criswell called the incident "reprehensible." Ron DeSantis said he directed the state's Division of Emergency Management to launch an investigation into "the federal government’s targeted discrimination of Floridians who support Donald Trump." The hurricanes left over 200 people dead in their wake, including in North Carolina and Georgia, and many structures destroyed.

Persons: Donald Trump, Deanne Criswell, Criswell, Ron DeSantis, Harris, DeSantis, Milton Organizations: Emergency Management Agency, FEMA, NBC News, Florida Gov, state's Division, Emergency Management, Biden Locations: Florida, North Carolina, Georgia

Many Americans have been holding back from jumping into the housing market in the hopes that mortgage rates will decline. The average 30-year mortgage rate has been above 6% for two years — and is likely to stay above that level for the foreseeable future, experts say. “Sixes are the new normal,” said Lisa Sturtevant, chief economist at Bright MLS, a mortgage listing services group, referring to 6% mortgage rates. It’s really not going to be impacting mortgage rates at all.”Mortgage rates work differently. When demand for those increases, mortgage rates tend to fall.

Persons: Donald Trump’s, ”, Lisa Sturtevant, Brian Rehling, Trump, Mike Fratantoni, ” Fratantoni, Helene, ” Samuel Tombs, Tombs, Sturtevant, “ It’s Organizations: Federal, Bright MLS, Federal Reserve, Wells, Investment Institute, ”, U.S, Mortgage, Association, “, National Association of Realtors, Pantheon, NBC

☆ Georgia’s pecan harvest was devastated by Hurricane Helene. Farmers are on the brink.
▼ + stars: | 2024-11-09 | by ( John Towfighi | ) edition.cnn.com time to read: +6 min

Hurricane Helene affected at least 48,000 acres of pecan trees, according to UGA. The overall economic impact of Hurricane Helene on Georgia’s entire agriculture industry is estimated at $6.46 billion, according to UGA. Hurricane Helene was also crippling for farmers in Georgia because it hit just six years after Hurricane Michael, Wells said. ‘Not… a single pecan’Moses said the damage from Hurricane Helene means she and her husband “will not harvest a single pecan” this season. At the Moses pecan farm, Taylor Moses said she and her husband have had long, emotional conversations about whether to replant their pecan trees.

Persons: CNN — Taylor Moses, Hurricane Helene, Moses, Arren, ” Moses, “, you’ve, it’s, Helene, Lenny Wells, Wells . Hurricane Helene, Hurricane Michael, Wells, Michael, ” Wells, Tyler Harper, Harper, ”, Moses pecan, Georgia Department of Agriculture Chris Harrell, Harrell, ‘, ’ Moses, Greg Fonsah, Brad Rubin, ” Rubin, Laura Shenkar, Shenkar, ” Shenkar, Taylor Moses Organizations: CNN, Department of Agriculture, UGA, Hurricane, Georgia’s, Agriculture, Georgia Department of Agriculture, Southern Roots Nuts, Southern Roots, Wells, Food Institute Locations: Georgia, ” Georgia, —, Hurricane, Wells . Hurricane, Uvalda , Georgia, New Mexico

☆ Telsey upgrades Home Depot, sees Fed rate cuts as a boost to shares
▼ + stars: | 2024-11-08 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Home Depot could be a beneficiary of the Federal Reserve's latest rate cutting cycle, according to Telsey Advisory Group. The investment firm upgraded shares of the home improvement retailer to outperform from market perform ahead of Home Depot's third-quarter earnings release on Tuesday. Analyst Joseph Feldman also lifted his price target to $455 from $360, which implies upside of 14% from Thursday's close. As a catalyst, Feldman cited upcoming Fed rate cuts. Home Depot shares are up more than 15% year to date.

Persons: Joseph Feldman, Feldman, Hurricanes Helene Organizations: Advisory, Fed, Traders, Hurricanes, Home Depot Locations: Thursday's, Milton

☆ We need to work on climate change prevention together, says Zurich Insurance CFO
▼ + stars: | 2024-11-07 | 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 EmailWe need to work on climate change prevention together, says Zurich Insurance CFOClaudia Cordioli, CFO of Zurich Insurance, says that governments and the public need to work more on climate change prevention following extreme weather events such as Hurricane Helene and the Spanish flash floods.

Persons: Claudia Cordioli, Helene Organizations: Zurich Insurance

☆ The Federal Reserve gives Americans another interest-rate cut
▼ + stars: | 2024-11-07 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The Federal Reserve cut interest rates by 25 basis points on Thursday. AdvertisementAnother interest-rate cut is headed Americans' way. On Thursday, the Federal Open Market Committee announced a 25-basis-point interest-rate cut after a 50-basis-point cut in September. AdvertisementGiven the lag in monetary policy, the interest-rate cuts won't give Americans immediate relief on their credit cards, housing, or car loans. Still, some Democratic lawmakers urged the Fed to implement another 50-basis-point cut to give Americans more financial relief.

Persons: —, Donald Trump, Trump, Matthew Ryan, Jerome Powell, Milton, Helene —, Elizabeth Warren, John Hickenlooper, Powell Organizations: Reserve, Service, Federal, Market, Trump, Boeing, Fed Locations: Sens

And Trump won over 12% of them, a 5-point increase from 2020, including a 12-point increase among Black men. No Democratic nominee has won North Carolina since Barack Obama in 2008. Before Obama came along, the last Democrat to capture North Carolina was Jimmy Carter in 1976. Follow 2024 election live updatesTrump’s victory in North Carolina underscores the resilience of his MAGA political movement. A couple of unexpected developments threw the outcome in North Carolina into doubt.

Persons: Donald Trump, Kamala Harris, Joe Biden, Harris, Trump, Barack Obama, Obama, Mitt Romney, Jimmy Carter, MAGA, Harris ’, Hillary Clinton, Hurricane Helene, Biden, Roy Cooper, Mark Robinson, Robinson, “ Martin Luther King, Josh Stein Organizations: North, NBC News, NBC, Democratic, North Carolina, GOP, CNN, Republican Locations: North Carolina, Washington, Pennsylvania, Michigan, Wisconsin, Hurricane, Asheville

☆ Trump wins North Carolina, a critical victory in the politically competitive Southern battleground
▼ + stars: | 2024-11-06 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Donald Trump has won North Carolina, according to the AP and CNN. AdvertisementFormer President Donald Trump has won North Carolina, according to the Associated Press and CNN. Both candidates worked hard to reach voters throughout North Carolina, making frequent stops in the state to rev up support among their respective political bases. Western North Carolina, including Asheville, was hit especially hard by Hurricane Helene. Related storiesRelated VideoTrump won North Carolina in 2016 and 2020, but in both instances the margins of victory were under 4 points.

Persons: Donald Trump, Harris, Trump, —, Hurricane Helene, Josh Stein, Mark Robinson, Robinson, Stein, Martin Luther King Organizations: North, AP, CNN, Service, Associated Press, Trump, North Carolina, Democrat, Gov, Republican Locations: North Carolina, Raleigh, Charlotte, Asheville, Hurricane

☆ Americans are probably getting another interest rate cut 2 days after the election
▼ + stars: | 2024-11-06 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +6 min

The Federal Reserve is expected to cut interest rates by 25 basis points on Thursday. It follows a 50-basis-point rate cut in September — the first cut in four years. CME FedWatch, which forecasts interest rate changes based on market predictions, estimated an all-but-certain 25 basis point cut as of Wednesday afternoon. "Borrowers should understand that 'falling interest rates' are not the same as 'low interest rates,'" Greg McBride, Bankrate's chief financial analyst, said in a commentary. AdvertisementWhat are your financial plans if the Fed makes another rate cut?

Persons: —, Donald Trump, Trump, Jerome Powell, Powell, Helene, Milton, Cory Stahle, Julia Pollak, Greg McBride Organizations: Federal, Service, FedWatch, Boeing, BLS, Federal Reserve, PCE, Fed, asheffey

☆ Trump's election victory sparks dismay — and defiance — among architects of the Paris climate accord
▼ + stars: | 2024-11-06 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Donald Trump's election victory on Wednesday sparked a palpable sense of dismay among the climate community, with two key architects of the landmark Paris Agreement warning that the result will stall global efforts to protect the environment. The 78-year-old, who has called the climate crisis "one of the great scams," has pledged to ramp-up fossil fuel production, pare back outgoing President Joe Biden's emissions-limiting regulations and pull the country out of the Paris climate accord — again. The 2015 Paris Agreement is a critically important framework designed to reduce planet-heating greenhouse gas emissions. Laurence Tubiana, a key architect of the Paris Agreement, said Trump's election victory "is a setback for global climate action, but the Paris Agreement has proven resilient and is stronger than any single country's policies." Tubiana, a French economist and diplomat who now serves as CEO of the European Climate Foundation, said the context today is "very different" to Trump's first election victory in 2016.

Persons: Donald Trump, Hurricane Helene, Donald Trump's, Kamala Harris, pare, Joe Biden's, Laurence Tubiana, Trump's Organizations: Democratic, White, NBC, European Climate Foundation Locations: Hurricane, Valdosta , Georgia, Paris, French

Here's a look at some of the key counties to watch across the seven presidential battleground states, ordered by the state's final poll closing time (in Eastern Standard Time). Mitt Romney won more than 80% in Forsyth in 2012, but Trump won just two-thirds of the vote there eight years later. In 2020, Joe Biden won this county by only 4 points over Trump, while Hillary Clinton carried it by 13 points in 2016. While Trump won it by 3 points in 2016, Biden won Maricopa by 2 points four years later. And that Democratic gain helped the party flip Wisconsin in 2020, given that Biden won the state by just 20,000 votes.

Persons: Donald Trump, Mitt Romney, Anson, Joe Biden, Hillary Clinton, Kamala Harris, Hurricane Helene, Trump, Romney, Nikki Haley, Nash, Biden, It's, Dave Wasserman, Amy Walter, Barack Obama, they've, Harris, Clinton, Dane Organizations: NBC News, Trump, Cobb, Black, Democratic, Republican, The, NBC, Clinton, Biden, Democrats, Maricopa, Arab American, University of Wisconsin, Republicans, Biden’s, GOP Locations: . Georgia, County, Forsyth, exurbs, Marietta, Gwinnett, Atlanta, North Carolina, Henderson, South, Asheville, Raleigh, North Carolina . Pennsylvania, Philadelphia, Philly, Erie, Buffalo, Cleveland, Pittsburgh, Lake Erie, Lackawanna, Scranton, Northampton, Arizona, Maricopa, Michigan, Kent, Grand Rapids, Wayne, Detroit, Traverse City, . Wisconsin, Madison, Wisconsin, Milwaukee, Waukesha, Washington

☆ Google and Meta are blocking political ads to combat misinformation. Some experts say it’s too late
▼ + stars: | 2024-11-05 | by ( Clare Duffy | ) edition.cnn.com time to read: +11 min

Meta last week began blocking advertisers from creating or running new ads about US social issues, elections or politics across its platforms, including Facebook and Instagram. But experts say that previous moves by social media companies — such as cutting their own internal safety teams — could undercut their current efforts. Former President Donald Trump and many of his supporters have already made repeated false claims that Democrats are cheating in the election. But since then, those companies have made cuts to those teams and walked back policies designed to restrict false claims about politics and elections. Last year, they said they would no longer remove false claims that the 2020 election was stolen.

Persons: TikTok, Elon Musk, Donald Trump, What’s, Twitter, Musk, we’ve, ”, Sacha Haworth, ” Imran Ahmed, “ It’s, —, Trump, Helene, Harris, Ahmed’s CCDH, Ahmed, ” Ahmed, Leslie Miller, ” Mann, X, Biden, Kamala, Kamala Harris Organizations: New, New York CNN, Facebook, Google, Meta, Capitol, Tech, Center, CNN, Biden, Trump, YouTube, ” Meta, Associated Press, Integrity Locations: New York, Milton, U.S

☆ Tropical Storm Rafael to become a hurricane before Cuba landfall Wednesday
▼ + stars: | 2024-11-05 | by ( Hanna Park | ) edition.cnn.com time to read: +4 min

CNN —While Tropical Storm Rafael winds remained consistent Monday night, the storm is forecast to strengthen Tuesday and become a hurricane Wednesday, bringing destructive winds and heavy rainfall to the western Caribbean and southern Florida by midweek. Tropical storm watch alerts were issued for the Florida Keys on Monday, joining the existing warnings for Cuba, Jamaica and the Cayman Islands. The Cuban provinces of Cienfuegos, Villa Clara, Sancti Spiritus, and Ciego de Avila, are under Tropical Storm Warnings after being upgraded from Tropical Storm Watch. Ilda Gallardo and her daughter Marley Millian watch a local TV news program as Tropical Storm Rafael approaches, in Playa Baracoa, Cuba, November 4, 2024. Tropical Storm Rafael will also create rough seas and significant storm surges, with expected inundation of up to 3 feet in the Cayman Islands and as much as 9 feet in western Cuba above normal tide levels.

Persons: Rafael, Villa Clara, Sancti, Ciego de Avila, Ilda Gallardo, Marley, Norlys Perez, Milton, Michael Lowry Organizations: CNN, National Hurricane Center, Islands, Hurricane, Wednesday, Florida, Tropical Storm, NHC, Reuters, Radio Jamaica News, Tropical Locations: Caribbean, Florida, Kingston , Jamaica, Grand, Jamaica, Cuba, Cayman, Cayman Islands, Gulf Coast, Cuban, Cienfuegos, Islands, Playa Baracoa, Mexico

☆ Investors are better off keeping politics at the polls. Here’s why
▼ + stars: | 2024-11-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +4 min

Still, investors don’t appear to be letting their jitters get to them — at least not entirely. “Valuations at the market level and individual stock level are always the key to long-term performance. You may have a lot of noise in the short term, but for long-term investors, it’s always going to be all about valuation,” he said. An election year analysis from Danny Noonan at Morningstar Wealth found that investors are significantly better off in the long run if they ignore politics. For investors, that suggests the best strategy may be to keep calm, trade on — and leave the politics at the polling place.

Persons: ”, Keith Lerner, Wall, Helene, Milton, Lerner, Kamala Harris, Donald Trump, Brent Schutte, Dave Sekera, it’s, Danny Noonan, Noonan Organizations: New, New York CNN, Federal Reserve, Northwestern Mutual Wealth Management Company, Morningstar, Morningstar Wealth, Democrat, Republican, they’d Locations: New York, United States

After leaving the workforce during the pandemic because she couldn’t find affordable child care, Longenecker said her family has been economizing. But her husband recently got a new job that pays more per hour and with lower health care costs. Her husband’s side gig has been “flourishing,” giving them steady monthly income and a glimpse of a future beyond waiting tables. Her monthly retirement income of around $7,600 is comfortable, but homeowners insurance, utilities and long-term care costs are weighing on her. Keys said Harris has put forth clearer economic policies, like her plan to offer first-time homebuyers $25,000 in downpayment assistance.

Persons: Kamala Harris, Donald Trump, Harris, Stefanie Longenecker, Longenecker, she’s, I’m, they’re, ”, ” Longenecker, Stefany Serna, He’s, “ We’ve, ” Serna, Serna, “, Serna isn’t, Lucy Haverfield, ” Haverfield, Hurricane Milton, Helene, Milton, Trump, “ I’m, Nancy Breland, hasn’t, Breland, “ I’ve, Otis Keys, ” Keys, Keys, Becky Melvin, Trump’s “, multibillionaire Tesla, Elon Musk, —, Melvin Organizations: NBC, Biden, Pa ., Trump, YouTube, ” Times, Social, Social Security, UPS, Teamsters Locations: Palmyra, Pa, Palmyra , Pennsylvania, China, Coral Gables , Florida, Alva , Florida, Hurricane, Florida, Alva, Fla, Canada, Georgia, Dallas, Jacksonville, America, Jacksonville , Florida

☆ The 10 most livable cities in the U.S. where costs are low, incomes are growing and there's plenty to do
▼ + stars: | 2024-11-04 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

If you're looking for a livable city with a lower cost of living that offers a solid work-life balance and abundant recreational opportunities, consider Portland, Maine. Portland earned high marks for both quality of life and location and community. Cities in this region generally scored highly on cost of living. In Lincoln, Nebraska, for example, residents enjoy a cost of living about 6% lower than the national average, RentCafe found. But Portland's high quality of life may make up for the cost of living and give it an advantage in the overall rankings.

Persons: You'll, RentCafe, Portland , Maine Lincoln , Nebraska Des Moines , Iowa Minneapolis , Minnesota Ann, Pittsburgh Green Bay , Wisconsin Harrisburg , Pennsylvania RentCafe, Hurricane Helene, It's Organizations: Portland, Council for Community, Economic, D.C, Midwest . Cities, CNBC Locations: New York, Los Angeles, Portland , Maine, U.S, Portland, RentCafe, Portland , Maine Lincoln , Nebraska Des Moines , Iowa Minneapolis , Minnesota, Portland , Maine Lincoln , Nebraska Des Moines , Iowa Minneapolis , Minnesota Ann Arbor , Michigan Milwaukee , Wisconsin Washington, Pittsburgh Green Bay , Wisconsin Harrisburg , Pennsylvania, Asheville , North Carolina, Hurricane, , Wisconsin, Midwest, Lincoln , Nebraska, Des Moines , Iowa, Des Moines, Minneapolis

☆ Americans are probably getting another interest rate cut this week — just days after the election
▼ + stars: | 2024-11-04 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

The Federal Reserve is expected to cut interest rates by 25 basis points on Thursday. It follows a 50-basis-point rate cut in September — the first cut in four years. CME FedWatch, which forecasts interest rate changes based on market predictions, estimated an all-but-certain 25 basis point cut as of Friday afternoon. Advertisement"Borrowers should understand that 'falling interest rates' are not the same as 'low interest rates,'" Greg McBride, Bankrate's chief financial analyst, said in a commentary. What are your financial plans if the Fed makes another rate cut?

Persons: —, Jerome Powell, Powell, Helene, Milton, Cory Stahle, Julia Pollak, Greg McBride Organizations: Federal, Service, FedWatch, Boeing, BLS, Federal Reserve, PCE, Fed, asheffey

☆ Booze sales fall back to earth — except for one retailer
▼ + stars: | 2024-11-04 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

That has forced Remy Cointreau, whose stock has fallen 50% for the year, to slash its full-year guidance and expects another year of double-digit declines in sales. The declines are a “normalization” within the industry, with alcohol sales nearing their pre-Covid levels, according to Marten Lodewijks, IWSR’s president for the US division. Cheaper private labels have had a boon in sales, mirroring a larger trend of customers seeking more affordable options in all aspects of their life. Aldi’s lineup is growing double digits in sales, bucking the broader industry trends of declines, Arlin Zajmi, director of national buying for adult beverages, told CNN. Aldi has seen its wine and beer sales soar.

Persons: Remy Cointreau, Pernod Ricard, Jose Cuervo, Proximo, ” Lisa Hawkins, ”, Luca Marotta, Remy Cointreau’s, Jameson, Kahula, Hélène de Tissot, Marten Lodewijks, bottlers, Arlin Zajmi, Scott Olson, it’s, ” Zajmi, ” Bryan Roth Organizations: New, New York CNN, Anheuser, Busch, CNN, Spirits, Consumers, Aldi Locations: New York, United States

☆ Tropical Storm Rafael is coming soon. It poses an uncertain threat to the US Gulf Coast
▼ + stars: | 2024-11-04 | by ( Mary Gilbert | ) edition.cnn.com time to read: +3 min

Tropical Depression Eighteen formed in the Caribbean Sea on Monday morning and is forecast to strengthen and become Tropical Storm Rafael Monday afternoon. Anyone from the US Gulf Coast and the northeastern Mexico coast will need to monitor updates closely. Potential Tropical Cyclone Eighteen, now called Tropical Depression Eighteen, churns in the Caribbean at sunrise Monday morning. CIRA/RAMMBEarly forecasts from the hurricane center show the system’s center reaching the US Gulf Coast later this weekend anywhere from the Florida-Alabama border to Louisiana. Hurricane and tropical storm alerts are already in effect early Monday for Cuba, Jamaica and the Cayman Islands.

Persons: Tropical Storm Rafael, Rafael, Helene, Milton, Michael Lowry, Robert Shackelford Organizations: CNN, Tropical Storm, National Hurricane Center, Coast, Gulf, Florida -, Atlantic Locations: United States, Cuba, Gulf of Mexico, Gulf, Mexico, Caribbean, Florida, Florida - Alabama, Louisiana, Jamaica, Cayman Islands, Hispaniola, Haiti

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