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☆ Seeing signs of softness, not accelerating weakness in small businesses: BofA's Liz Everett Krisberg
▼ + stars: | 2024-09-19 | 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 EmailSeeing signs of softness, not accelerating weakness in small businesses: BofA's Liz Everett KrisbergLiz Everett Krisberg, head of Bank of America Institute, joins 'Squawk Box' to discuss the results from the bank's small business survey, impact of the Fed's interest rate decision on small businesses, state of consumer spending, and more.

Persons: Liz Everett, Liz Everett Krisberg Organizations: Bank of America Institute

☆ Tesla’s Chinese rival Nio cuts price for new Onvo-branded car
▼ + stars: | 2024-09-19 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China. HEFEI, China — There's yet another Chinese electric car aiming to undercut Tesla , with a steeper discount. Onvo, the lower-priced brand launched by premium electric car company Nio , announced its first car, the L60 SUV, would start as low as 149,900 Chinese yuan ($21,210) when buying battery services via a monthly subscription, starting at 599 yuan. Nio shares briefly rose by more than 3.5% in U.S. trading Thursday after the Onvo L60 launch. When Nio launched the Onvo brand in May, the company said the L60 would start selling at 219,900 yuan versus Tesla 's Model Y at 249,900 yuan.

Persons: Nio, Tesla, Mona, Max Organizations: Mona Locations: Shanghai, China, HEFEI

☆ 'No victory lap yet' for President Biden, still more work to do on economy, says CEA chair Bernstein
▼ + stars: | 2024-09-19 | 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 Email'No victory lap yet' for President Biden, still more work to do on economy, says CEA chair BernsteinJared Bernstein, chairman of Council of Economic Advisors, joins CNBC's 'Money Movers' to discuss expectations for President Biden's visit to the Economic Club of Washington DC, reactions to the Federal Reserve's interest rate cut, and more.

Persons: Biden, Bernstein Jared Bernstein, Biden's Organizations: of Economic Advisors, Economic, of Washington DC

☆ This was the best news I've heard from the Fed in years, says Wharton's Jeremy Siegel
▼ + stars: | 2024-09-19 | 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 EmailThis was the best news I've heard from the Fed in years, says Wharton's Jeremy SiegelJeremy Siegel, professor emeritus of finance at University of Pennsylvania’s Wharton School of Business and Wisdom Tree chief economist, joins 'Squawk Box' to discuss the Fed's interest rate decision, why he was 'pleasantly surprised' by the 50 basis point cut, rate path outlook, and more.

Persons: I've, Wharton's Jeremy Siegel Jeremy Siegel Organizations: University of Pennsylvania’s Wharton School of Business

☆ Schumer takes steps to prevent shutdown as Speaker Johnson’s next move unclear
▼ + stars: | 2024-09-19 | by ( Clare Foran | Ted | ) edition.cnn.com time to read: +4 min

GOP presidential nominee Donald Trump has called for Republicans to shut down the government if they can’t pass the voting measure known as the SAVE Act. Many Democrats are pushing for an extension into December that would not include the SAVE Act, which is viewed as a non-starter in the Senate. “House Republicans don’t seem to have any plan for actually keeping the government open, so the Senate will step in,” Schumer said in floor remarks. “Many Republican House members, as many of you have reported, are smart enough to know if there is a shutdown, it will be a Republican shutdown. There never is a shutdown — hardly ever is a shutdown,” said Senate Majority Whip Dick Durbin, a Democrat from Illinois.

Persons: Chuck Schumer, Mike Johnson, Johnson, “ I’m, ” Johnson, we’ll, John Thune, Thune, ” Schumer, Schumer, “, ”, Donald Trump, Republicans don’t, ” “, I’m, ” Trump, isn’t, Dick Durbin, CNN’s Morgan Rimmer Organizations: Washington CNN, GOP, CNN, Republicans, SAVE, “, Trump, Truth, Republican Locations: Illinois

☆ The 10 most popular travel destinations this Thanksgiving, according to Google Flights
▼ + stars: | 2024-09-19 | by ( Priyanka Rajput | ) www.businessinsider.com time to read: +1 min

Google Flights shared the top-searched destinations on its platform for Thanksgiving 2024. The data is based on the most-searched travel destinations for November and December 2024. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . With Thanksgiving a little over two months away, it's a good time to think about booking flights, and Google Flights' most-searched travel destinations might serve as some inspiration.

Persons: — Organizations: Google, Service, Business Locations: Orlando

☆ BMO's Simeon Siegel weighs in on Nike bringing in new CEO and what it means for the company
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBMO's Simeon Siegel weighs in on Nike bringing in new CEO and what it means for the companyBMO Senior Retail Analyst Simeon Siegel joins 'Fast Money' to talk what Nike's C-Suite switchup means for the company moving forward.

Persons: BMO's Simeon Siegel, Simeon Siegel Organizations: Nike, BMO Senior

☆ Influencer couple denies leaving kids alone on cruise
▼ + stars: | 2024-09-19 | by ( Julia Buckley | ) edition.cnn.com time to read: +4 min

CNN —For most people, dinner on a cruise ship is a time to relax. The couple thanked their family for helping to watch the children during the cruise, and also thanked the public. Cruise ship childcareMany cruise lines offer childcare options. “It is generally not safe for a child under eight to be left alone at home, and a cruise ship cabin is no different,” he said. There are just too many unexpected things that could happen when children are left alone in a cruise cabin or hotel room.”

Persons: Abby, Matt Howard, Abby Howard, ”, muchhhh, Howard, Abby’s, “, “ We’re, It’s, Matt Thiemann, Thiemann Organizations: CNN, ” CNN, Howards, Royal Caribbean’s, Royal Caribbean, MSC Cruises, tots, Holland America Locations: Arizona, Holland

☆ Volatility looms as election season heats up. Fortify your portfolio against autumn market shocks
▼ + stars: | 2024-09-19 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

Recalibrate for risk Protecting your portfolio from sharp losses begins with understanding your comfort with risk and ensuring that your asset allocation reflects your long-term goals. "But over that period when markets were down, there were opportunities to harvest losses in stocks, individual names that experienced big pullbacks." And they've been a good buy for clients who are nearing retirement, seeking income and appreciate bonds' ability to offset stocks' volatility. Options for buffering losses Options are also playing a role in investors' portfolios as financial advisors try to mitigate volatility. Call options give investors the right to buy a stock at a specified strike price before a certain date.

Persons: Stocks, Goldman Sachs, Arun Prakash, Prakash's, Rafia Hasan, San, Hasan, they've, Andrew Herzog, We're, Herzog, he's, Gregory Guenther, Morningstar, " Guenther Organizations: Federal, Wealth Management, Fed, Treasury Bond ETF, SEC, GrantVest Financial Locations: San Francisco, Plano , Texas, Matawan , New Jersey

$ 5.34 $ 5.34 Estimated Environmental cost + $ 22.02 Say a pound of beef costs $5.34 at your local supermarket. The Hidden Environmental Costs of Food Damage to the natural world isn’t factored into the price of food. The proponents of true cost accounting don’t propose raising food prices across the board, but they say that increased awareness of the hidden environmental cost of food could change behavior. (True cost accounting also typically includes things like labor rights and dietary health, but here we’re focusing on environmental costs.) Large disparities between the retail price of food and its environmental costs are found in the proteins many of us eat every day.

Persons: True Price, ”, Claire van den Broek, “ They’re, Alexander Müller, True, “, Scott Swinton, Roger Cryan, Mario Herrero, chickpeas Organizations: United Nations, Rockefeller Foundation, True, Sustainability, Michigan State University, American Farm Bureau Federation, New, Cornell University, Price, Beef, Oxford University, “, U.S . Department of Agriculture, Mountain, United Nations Food, Agriculture Organization Locations: Dutch, United States, Berlin, New York State, Denmark, Walmart.com, U.S, North America, Europe, Brazil, India, Netherlands, Germany

☆ I compared ice cream, soft serve, frozen yogurt, and frozen custard to see how different they actually are
▼ + stars: | 2024-09-19 | by ( Meredith Schneider | ) www.businessinsider.com time to read: +1 min

I reviewed the differences between vanilla ice cream, soft serve, frozen yogurt, and custard. Ice cream and frozen custard are the most similar in terms of how they're made. I don't think there's anything better than a scoop of regular ice cream. Go to newsletter preferences Thanks for signing up! Everyone has their preferences, but I still don't really know what distinguishes ice cream from soft serve, frozen yogurt, or frozen custard.

Persons: they're, — Organizations: Service, Business

☆ Companies without cyber insurance could be making a costly mistake
▼ + stars: | 2024-09-19 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +7 min

Many companies don't have cyber insurance because of costs, but the market is growing. Cyber insurance can help companies recover financially from cyberattacks and data breaches. But one way leaders can minimize the impact of losses from a cybersecurity incident is by getting cyber insurance. One reason is the cost: The Cyber Readiness Institute estimates that cyber insurance can cost businesses $500 to $5,000 a year. What cyber insurance does and doesn't coverMany policies offer first- and third-party coverage, and most companies need both, Engstrom said.

Persons: —, Shruti Engstrom, Engstrom, Josephine Wolff, Wolff, it's, Stephen Boyer, Boyer Organizations: Service, IBM, Tufts University, Insurance, Federal Trade Commission, Companies Locations: cyberattacks

"Food Wars" hosts Harry Kersh and Joe Avella travel across Las Vegas to find the best steakhouse in the city. They'll be visiting three locations in just one day to see what the city has to offer. This is "Food Tours." This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.

Persons: Harry Kersh, Joe Avella Organizations: Business Locations: Las Vegas

"Ultimately shirking fiduciary responsibility to employees, consumers, and shareholders." Twenty civil rights organizations sent a letter Thursday to Fortune 1000 companies calling for them to recommit to diversity, equity and inclusion, after several major companies scaled back their efforts. She emphasized that LGBTQ+ consumers have $1.4 trillion of buying power, as reported by the National LGBT Chamber of Commerce. But a small, well-funded, and extreme group of right-wing activists is attempting to pressure companies into abandoning their DEI programs. Abandoning DEI will have long-term consequences on business success -- ultimately shirking fiduciary responsibility to employees, consumers, and shareholders.

Persons: Bill Ackman, Molson Coors, Harley Davidson, George Floyd, Forman, Kelley Robinson, CNBC's, Robinson, Brown, Lowe's, John Deere, Harley, Davidson, Edelman Organizations: National Action Network, Molson, Ford, Tractor Supply, Human Rights, HRC, Brown, National LGBT Chamber of Commerce, Molson Coors, . Tractor Supply, Companies, McKinsey & Company, Pew Locations: New York City, Rural, United States

☆ I pay for Costco's $120 executive membership even though I only shop for 2. Here are my favorite things to get from the frozen section.
▼ + stars: | 2024-09-19 | by ( Dominic Bucca | ) www.businessinsider.com time to read: +1 min

When it comes to frozen foods, I'm a big fan of the Kirkland Signature cod loins and salmon filets. I love pairing the store-brand blend of frozen berries with Kirkland Signature vanilla ice cream. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Though I don't have a large family to feed, I pay for the store's executive membership, which has a 2% reward of up to $1,250 on qualified purchases.

Persons: — Organizations: Costco, Kirkland, Service, Business Locations: Kirkland

☆ Harris campaign highlights Trump’s past praise for Mark Robinson as CNN report roils battleground North Carolina
▼ + stars: | 2024-09-19 | by ( Eric Bradner | ) edition.cnn.com time to read: +8 min

CNN —Donald Trump’s campaign declined to say Thursday whether North Carolina Lt. Gov. The report immediately rippled through the 2024 presidential race, where North Carolina is a target for both Trump and Harris. “My hope is that the lieutenant governor can reassure the people of North Carolina that the allegations aren’t true,” he said. Another North Carolina Republican, Rep. Greg Murphy, also called the allegations “very concerning” but raised doubt about their authenticity. CORRECTION: This story has been corrected to note that North Carolina Rep. Greg Murphy is not part of the House Freedom Caucus.

Persons: Donald Trump’s, Mark Robinson, “ Martin Luther King, Kamala Harris ’, Robinson, Trump, he’d, ”, Harris, Harris ’, Martin Luther King, Trump’s, Biden, ” Trump, Karoline Leavitt, “, ‘, we’re, Josh Stein, Roy Cooper, “ Donald Trump, ” Cooper, Stein, Josh, Izzi Levy, ” Levy, Jeff Jackson, Carolina Sen, Thom Tillis, ” Tillis, Richard Hudson, Hudson, Greg Murphy, Ralph Norman, he’s, Norman, ” Norman, Marjorie Taylor Greene, Georgia, CNN’s Alayna Treene, Kristen Holmes, Aaron Pellish, Dianne Gallagher, Annie Grayer, Morgan Rimmer, Kate Sullivan, Omar Jimenez Organizations: CNN, Gov, Republican, Trump, White, NAACP, ” North, ” North Carolina Democrats, NC GOP, Democratic Governors Association, Republican Governors Association, North Carolina Rep, Democratic, Republicans, North, North Carolina General Assembly, North Carolina Republican, South Carolina Rep, Caucus, GOP Locations: North Carolina, Greensboro , North Carolina, Asheville, Asheboro, ”, ” North Carolina, Hill, Carolina

☆ German media empire Axel Springer to split in deal with KKR
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: +3 min

Passers-by walk in front of the main entrance to the Axel Springer high-rise. The two sides had reached a deal in the summer to split Axel Springer, a source told Reuters on Saturday. KKR and its partner CPP Investments currently hold a 35.6% and 12.9% stake in Axel Springer, respectively, while Doepfner and Friede Springer hold 21.9% and 22.5%. Axel Springer had been preparing to float Stepstone but the planned initial public offering was shelved when war broke out in Ukraine in 2022. KKR and CPP Investments are now likely to target an IPO in the second half of 2025, according to an industry source.

Persons: Axel Springer, Mathias Doepfner, Axel Springer's, Springer, Friede Springer, Axel's, Doepfner, Friede Organizations: Politico, KKR, Reuters, Investments, Friede Springer, Springer Locations: Hamburg, North America, Aviv, Ukraine

☆ The Fed's interest rate cut is an inflection point for real estate markets: Hines
▼ + stars: | 2024-09-19 | 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 EmailThe Fed's interest rate cut is an inflection point for real estate markets: HinesDavid Steinbach of Hines discusses the U.S. Federal Reserve's September interest rate cut and what this means for investor interest in the real estate market.

Persons: Hines David Steinbach, Hines Organizations: U.S, U.S . Federal Locations: U.S .

☆ Binance CEO says 2024 has been a 'landmark year' for crypto industry
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBinance CEO says 2024 has been a 'landmark year' for crypto industryRichard Teng, CEO of the cryptocurrency exchange, says authorities across the globe are championing for clearer regulations in the crypto space.

Persons: Richard Teng

7:03 a.m.: Bernstein cuts price target on Nike amid innovation critiques Bernstein sees slightly less room for Nike to rebound. — Alex Harring 6:25 a.m.: Jefferies recommends buying NextEra Energy Partners despite buyout concern Jefferies came out of the gates optimistic on NextEra Energy Partners . Analyst Julien Dumoulin-Smith initiated coverage of the Florida-based renewable energy stock at a buy rating. — Alex Harring 5:54 a.m.: AI helps HubSpot compete, BofA says Bank of America is keeping an eye of HubSpot's artificial intelligence work. — Alex Harring 5:46 a.m.: JPMorgan says to sell Five Below JPMorgan turned bearish on Five Below , citing challenges that are hard to surmount for the value-focused retailer during a tough year.

Persons: Piper Sandler, Bernstein, Aneesha Sherman, Sherman, Alex Harring, BTIG, it's, Jake Fuller, Fuller, DoorDash, — Alex Harring, Jefferies, Julien Dumoulin, Smith, Hertz, Dan Levy, Levy, Avis, HubSpot, BofA, BofA's Brad Sills, Sills, monetization, Matthew Boss, Boss, Abbott, Adam Maeder, necrotizing, ABT, Maeder, Fred Imbert Organizations: CNBC, Laboratories, JPMorgan, Nike, Dow Jones, Jefferies, NextEra Energy Partners, Barclays, Hertz, Bank of America, LSEG, Abbott Laboratories Locations: Wednesday's, Florida, Thursday's premarket

☆ Rauen: This cut boosts our confidence to invest, hire, and grow.
▼ + stars: | 2024-09-19 | 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 EmailRauen: This cut boosts our confidence to invest, hire, and grow. Tom Rauen, Founder & CEO of 1-800-T-SHIRTS, discusses how the rate cut benefits both customers and the business by easing credit card rates and improving consumer confidence."

Persons: Tom Rauen

☆ Home sales slumped to lowest August level since 2010. But they’re poised to soar after the Fed finally cut interest rates
▼ + stars: | 2024-09-19 | by ( Bryan Mena | ) edition.cnn.com time to read: +4 min

Washington CNN —Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month. Lower borrowing costs will likely entice buyersMortgage rates could very well come down even more, but that would depend on economic data making it clear that the Fed would cut rates further. The Fed doesn’t control mortgage rates, but its action do influence them through movements in bond yields. Mortgage rates track the 10-year US Treasury yield, which moves in anticipation of the Fed’s decision on rates. Yun told reporters it could take three or four months for lower mortgage rates to boost demand for housing.

Persons: ” Yun, ”, Daniele Hale, “, we’re, Freddie Mac, Yun, ‘ I’m Organizations: Washington CNN —, Federal Reserve, National Association of Realtors, Fed, Treasury Locations: United States

☆ U.S. consumers remain healthy, but the sector is not our top pick for stocks: Goldman Sachs
▼ + stars: | 2024-09-19 | 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 EmailU.S. consumers remain healthy, but the sector is not our top pick for stocks: Goldman SachsGoldman Sachs' Ben Snider notes that as U.S. interest rates decline, dividend-paying stocks are becoming increasingly attractive for investors looking to hedge in the current market environment.

Persons: Goldman Sachs Goldman Sachs, Ben Snider Organizations: U.S

☆ One number shows why the economy might not get the immediate relief many hope for
▼ + stars: | 2024-09-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

That rate is the 10-year US Treasury yield, a key lending benchmark for everything from mortgages to corporate debt. "The reaction within Treasury markets was most telling yesterday," Reinking said. AdvertisementHowever, it also means the 10-year Treasury is moving higher since the decision. The 10-year Treasury yield is a lending benchmark for everything from home loans to corporate debt. "That's positive for the economy, and in that case yields should be higher.

Persons: —, Michael Reinking, Reinking, Freddie Mac, Inki Cho, Sonu Varghese, Carson, Jerome Powell's, Varghese Organizations: Service, Federal, Treasury, Business, New York Stock Exchange, Fed

☆ Passengers on a new 7-hour budget flight won't even get free coffee and will have to make their own fun, CEO says
▼ + stars: | 2024-09-19 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Budget airline Wizz Air is planning new long-haul cheap flights between the UK and Saudi Arabia. Passengers on the seven-hour flight will have to do without free coffee or entertainment options and share just 3 bathrooms. Wizz Air's CEO told Bloomberg passengers will have to "create the fun for yourself." Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .

Persons: — Organizations: Wizz, Passengers, Bloomberg, Service, Business Locations: Saudi Arabia

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