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☆ Even with a big rate cut, Big Tech will be cautious about another hiring spree
▼ + stars: | 2024-09-18 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

A fed rate cut will boost hiring in Big Tech, but firms will be cautious, HR experts told BI. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe jumbo-sized Federal Reserve interest rate cut Wednesday is bound to impact everything from home prices to new-car loans to hiring in the hard-hit tech sector. But while the cut — the first in four years, and by a whopping 50 basis points — is likely to boost hiring, experts told Business Insider that Big Tech companies will likely be cautious. This story is available exclusively to Business Insider subscribers.

Persons: —, Adam Stafford Organizations: Big, Service, Big Tech, Business Locations: Big Tech

☆ Lady Gaga said she didn't shut down rumors that she was a man to avoid a child in the same situation feeling shame
▼ + stars: | 2024-09-18 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +1 min

Lady Gaga addressed the rumor that she was a man in "What's Next? At the start of her career in the 2010s Gaga was asked in multiple interviews if she was secretly a man. Gaga said she didn't shut down the rumor because she didn't want a child in the same situation to feel shame. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementLady Gaga said she never shut down the yearslong rumor that she was secretly a man so a child in a similar situation wouldn't feel shame.

Persons: Lady Gaga, Bill Gates, Gaga, —, Stefani Germanotta Organizations: Service, Netflix, Business

☆ These are the battles worth fighting with kids about their phones
▼ + stars: | 2024-09-18 | by ( Kara Alaimo | ) edition.cnn.com time to read: +7 min

Follow her on Instagram, Facebook and X.CNN —It’s a familiar struggle in many households: trying to pry kids’ phones away before bedtime. But the research indicates that kids using their phones once they are under the covers is a bad idea. Using phones in interactive ways under the covers — for things such as gaming and multitasking — was worse for kids’ sleep than using it more passively, for things such as watching movies. Instead, parents might consider taking kids’ phones away before bed and returning them in the morning. This new research is a reminder that there are commonsense ways to help kids avoid the major dangers of using their phones.

Persons: Kara Alaimo, CNN — It’s, —, ”, Bradley Brosnan, Brosnan, it’s, It’s, Carrie Goldberg, Goldberg, who’ve Organizations: Fairleigh Dickinson University, Women, Press, Facebook, CNN, American Academy of Pediatrics, Pediatrics, University of Otago Locations: New Zealand, FaceTime, New York City

☆ Powell downplays impact of rate cut on Trump-Harris presidential race
▼ + stars: | 2024-09-18 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

U.S. Vice President Kamala Harris in Milwaukee, Wisconsin, U.S. August 20, 2024 and former U.S. President Donald Trump in Bedminster, New Jersey, U.S., August 15, 2024 are seen in a combination of file photographs. Federal Reserve Chair Jerome Powell suggested that Wednesday's larger-than-expected interest rate cut may have a limited effect on the presidential race between Vice President Kamala Harris and Donald Trump, because the decision's impacts will ripple into the economy slowly. "The things that we do really affect economic conditions for the most part with a lag," Powell said at his press conference, responding to a reporter's question about timing the long-awaited rate cut, just 48 days until the Nov. 5 election. Though the cut comes in the final sprint of the Trump-Harris race, Powell ensured that the Fed made its decision with a focus on consumer interests and without "any other filters." "This is my fourth presidential election at the Fed and it's always the same," Powell said.

Persons: Kamala Harris, Donald Trump, Jerome Powell, Powell, Harris, it's, We're, what's Organizations: Fed, Wednesday, Trump Locations: Milwaukee , Wisconsin, U.S, Bedminster , New Jersey

☆ Bill Gates' daughter says friends have cut her off because of vaccine conspiracy theories about her dad
▼ + stars: | 2024-09-18 | by ( Nora Redmond | ) www.businessinsider.com time to read: +1 min

Phoebe Gates discussed conspiracy theories about Bill Gates in a new Netflix documentary series. 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 . AdvertisementConspiracy theories about billionaire Bill Gates have run rampant online for years, sometimes spilling from the sphere of the internet into his daily life. Many of the most pervasive of these conspiracy theories have linked him to COVID-19.

Persons: Phoebe Gates, Bill Gates, Phoebe, — Organizations: Netflix, Stanford, Service, Business Locations: COVID

☆ ESPN's Adrian Wojnarowski will retire from company to take a job in college basketball
▼ + stars: | 2024-09-18 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +1 min

Adrian Wojnarowski looks on before a game at Kaseya Center in Miami on June 7, 2023. ESPN 's star NBA insider Adrian Wojnarowski is retiring from the company, according to a post from his X account Wednesday morning. The longtime sports reporter will take a job at St. Bonaventure, his alma mater, and become the general manager of its men's basketball program, the university said. Wojnarowski often broke big news in the NBA world, so frequently that his breaking news reports on player transactions became colloquially known as "Woj bombs." He has led the industry at ESPN, and his dedication to the craft and to fans is legendary."

Persons: Adrian Wojnarowski, Bonaventure, Wojnarowski, Shams Charania, Woj, Jimmy Pitaro Organizations: Kaseya Center, ESPN, NBA, Yahoo Locations: Miami, St

☆ 40-year-old self-made millionaire: 5 frugal habits I'll never quit
▼ + stars: | 2024-09-18 | by ( Jonathan Sanchez | ) www.cnbc.com time to read: +6 min

Although I hit this financial milestone, there are some frugal habits that I will never give up:1. Thanks to that mindset, I'm still very cautious about my credit card usage. I always pay off the credit card balance every month to avoid paying additional interest. Ultimately, these frugal habits help us put our resources towards the things that matter the most to us. He was raised with frugal habits and by practicing wise money decisions, became a millionaire in his 30s.

Persons: —, I'm, frugality, I've, Vue, Randy Pausch, Jonathan Sanchez Organizations: Parent Locations: Omaha

☆ This $1,400 luggage is the hottest quiet status symbol for celebrities and wealthy travelers. The more beat up it looks, the better.
▼ + stars: | 2024-09-18 | by ( Brittany Chang | ) www.businessinsider.com time to read: +10 min

If you don't recognize the brand's name, you might know its iconic grooved aluminum luggage. LVMH acquired the now-126-year-old German company in 2016Hugues Bonnet-Masimbert, CEO of Rimowa, told BI that the company's buyers are split evenly between male and female. Brittany Chang/Business InsiderRimowa gave rise to two of the largest hard-shelled luggage trends when it debuted its aluminum luggage in the 1920s and its polycarbonate options eighty years later. (Hugues Bonnet-Masimbert, CEO of Rimowa, told BI that the company is constantly monitoring and improving its quality.) Brittany Chang/Business InsiderJust don't bring your luggage in for repairs when it inevitably gets scuffed up.

Persons: —, John Baptist's, he's, Martha Stewart, Rodger Federer, Billie Eilish, Baptist, John Baptist It's, LVMH, Hugues Bonnet, Brittany Chang, Louis Vuitton, Tiffany, Bernard Arnault's, Rimowa, they've, Tania Antonenkova, Tania Antonenkova Tania Antonenkova, Birkin, she's, Antonenkova, Carter Smith, Smith, doesn't, Haines, Masimbert, Vanessa Garoute, Garoute, Vanessa Garoute Garoute, — she's, you'll, Jane Birkinifying Organizations: Service, Business, York City Locations: Los Angeles, China, Europe, Asia, North America, Germany, Miami, Vegas, France, Rimowa's, York

☆ Amazon workers are finally getting free Prime memberships
▼ + stars: | 2024-09-18 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —Amazon is raising pay for its more than 800,000 US warehouse and transportation workers and giving them Amazon Prime for free. Amazon will also offer the $139 yearly Prime benefit to employees for free. Amazon’s decision to raise wages is another sign of a tight jobs market for logistics workers, fueled by more Americans shopping online. The average hourly wage for transportation and warehouse workers rose to $30.79 in August, up 22% from August of 2020, according to the Labor Department. Rivals such as UPS, Walmart and Target have also bumped up wages for warehouse workers.

Organizations: New, New York CNN, Amazon, Labor Department, Rivals, UPS, Walmart, Target, Teamsters, Deloitte, Senate Health, Education, Labor, Pensions Locations: New York

☆ These Four Common Infections Can Cause Cancer
▼ + stars: | 2024-09-18 | by ( Nina Agrawal | ) www.nytimes.com time to read: +1 min

A majority of cervical cancers, as well as some genital and oral cancers, are caused by a virus. And certain chronic viral infections can lead to liver cancer. Infections like these account for an estimated 13 percent of all cancer cases globally, according to a new report published Wednesday by the American Association for Cancer Research. We are now close to “turning what would have previously been some common cancers into rare diseases,” he said. Human papillomavirusThere are more than 200 types of the HPV virus, including a dozen that significantly increase the risk of cervical, genital and oral cancers.

Persons: Michael Pignone, ” Organizations: American Association for Cancer Research, Duke School of Medicine

☆ The Fed has waited four years to cut rates. But it’s still a tough call
▼ + stars: | 2024-09-18 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

It’s also a sign of confidence from Fed officials that inflation has come under control just enough to comfortably dial back policy. Typically, in the lead-up to a Fed policy decision, Wall Street and economists are in alignment on what to expect. But investors’ wagers for a half-point cut ramped up on Monday; and as of Tuesday afternoon, federal funds futures contracts were pricing in a 63% chance of a jumbo rate cut, up from around 30% on Thursday, according to the CME Group. As inflation skyrocketed in 2021 and 2022, American employers pumped out jobs and the unemployment rate declined to half-century lows. The Fed eventually responded to the country’s inflation problem with its bitter medicine of high interest rates.

Persons: It’s, Christopher Waller, Elizabeth Warren, Robert Kaplan, Bill Dudley, ”, Powell, ” Gregory Daco, “, ” Julia Hermann Organizations: Washington CNN, Federal Reserve, Street, CME, Fed, Democratic, Dallas Fed, CNBC, Former New York, Bloomberg, Dow, Labor, New York Life Investments, CNN

☆ WNBA announces new expansion team based in Portland, Oregon
▼ + stars: | 2024-09-18 | by ( Wayne Sterling | ) edition.cnn.com time to read: +2 min

CNN —The WNBA is returning to Portland, Oregon, starting in 2026. The new expansion franchise will play its home games at the Moda Center in downtown Portland and become the WNBA’s 15th team, the league announced Wednesday. “As the WNBA builds on a season of unprecedented growth, bringing a team back to Portland is another important step forward,” WNBA commissioner Cathy Engelbert said in a statement. The city previously had a WNBA team – the Portland Fire – from 2000-2002 before it folded. “Portland has a passion for women’s sports and the teams who play in the Rose City, making us the ideal home of the next WNBA team,” Oregon governor Tina Kotek said in a statement.

Persons: Cathy Engelbert, Lisa Bhathal Merage, Alex Bhathal, ” Merage, Tina Kotek, Engelbert, “, ” Engelbert, Caitlin Clark, Angel Reese, A’ja Wilson Organizations: CNN, Moda, “, WNBA, RAJ Sports, Portland, Sacramento Kings, Rose City Rollers, Sports, Indiana Fever, Chicago Sky, Las Vegas Aces Locations: Portland , Oregon, Portland, “ Portland, Rose City, Oregon, Rose, Toronto

CNN has attempted to reach BAC through the website that Gold Apollo gave to reporters. Later, the company told Gold Apollo it wished to make its own pagers and asked for the right to use its brand, he added. Taipei has no record of Gold Apollo pagers being shipped to Lebanon, the ministry said in a statement, adding it will continue to investigate. The logo of Taiwanese company Gold Apollo is seen outside its office in New Taipei City on September 18. Hsu founded Gold Apollo with 100 million New Taiwan dollars ($3.1 million) in capital in 1995, according to Taiwan’s corporate registry.

Persons: Hsu Ching, kuang, ” Hsu, “ I’ve, Apollo’s pagers, Hsu, Johnson Lai, Gold Apollo, Gold, ”, Yan Zhao, Hassan Nasrallah, pagers Organizations: New, Hong Kong CNN, New York Times, CNN, Consulting, BAC, Taiwan’s Ministry of Economic Affairs, Getty, Taiwan’s Commonwealth Magazine, FBI Locations: New Taipei City, Hong Kong, Lebanon, Israel, Taiwan, Europe, Budapest, United States, Australia, Taipei, AFP, Iran

☆ New York Democrats are desperate to avoid repeat of their 2022 midterm collapse
▼ + stars: | 2024-09-18 | by ( Gregory Krieg | Gloria Pazmino | ) edition.cnn.com time to read: +12 min

New York Democrats offered a wide array of excuses for their disastrous 2022 midterms, when Republicans flipped four seats outside New York City on their way to winning a narrow US House majority. Now, less than two months out from the 2024 general election, the state party, its campaign season allies, chastened candidates and Gov. D’Esposito is one of five New York GOP freshmen facing an onslaught from Democrats determined to claw back suburban voters. “New York is the reason Democrats lost the House in 2022,” said Pamela Shifman, president of the Democracy Alliance, a liberal group spending big in New York this year. “There’s more focus than there was the last couple cycles, both from the state party, but also obviously the national committees,” the strategist said.

Persons: Kathy Hochul, Donald Trump’s, Anthony D’Esposito’s, Laura Gillen, Joe Biden, Gillen, Marc Molinaro, Mike Lawler, Nick LaLota, Brandon Williams, Kamala Harris, ”, Pamela Shifman, Nancy Pelosi, Pelosi, “, Jay Jacobs, ” Hochul, Andrew Caballero, Reynolds, Ana María Archila, Archila, Trump, Hakeem Jeffries, Jeffries, Kirsten Gillibrand, Lizzy Weiss, Hochul, Andrew Cuomo, Tom Suozzi, Republican George Santos, Gabby Seay, Chip Somodevilla, “ Jeffries, “ He’s, Seay, Michael Bloomberg, Elizabeth Frantz, Lawler, Sean Patrick Maloney, Mondaire Jones, ” Lawler, Jones, Roe, Lee Zeldin, Riley Gaines Organizations: CNN, New York Democrats, Republicans, Gov, Democratic, Republican Rep, New York GOP, Trump, Democracy Alliance, Politico, Democratic National Convention, New, Getty, Families Party, Democratic Congressional, Committee, New York’s, Republican, ”, Capitol Visitor Center, GOP, PAC, New York Fund, Empire, New York, Congressional, Democrats, Rep, “, Working, Party, US, Wade, Convention Locations: New York City, Long, York, Hudson, Central New York, “ New York, New York, Chicago, AFP, Washington ,, strategizing, strategize, Gaza, Suozzi, Hudson Valley, State

☆ Iranian hackers sent stolen Trump campaign information to Biden campaign
▼ + stars: | 2024-09-18 | by ( Hannah Rabinowitz | Evan Perez | ) edition.cnn.com time to read: +3 min

CNN —Iranian hackers sent unsolicited information they stole from Donald Trump’s presidential campaign to people who were affiliated with Joe Biden’s campaign over the summer, federal law enforcement officials said Wednesday. The law enforcement statement Wednesday said that the hackers’ efforts to send information to US media outlets have continued. Law enforcement officials have previously said that those efforts also included an unsuccessful attempt to hack the Biden-Harris campaign. The Iranian hackers did breach the email account of longtime Trump ally Roger Stone to target campaign staff in June, CNN has reported. Investigators believe the suspected Iranian hackers breached Stone’s account and then used that email account to try to break into the account of a senior Trump campaign official as part of a persistent effort to access campaign networks.

Persons: Donald Trump’s, Joe Biden’s, “, Biden’s, Trump’s, Kamala Harris ’, ”, Biden, Morgan Finkelstein, Harris, “ We’re, Ohio Sen, JD Vance, Vance, Roger Stone, CNN’s Kaitlan Collins Organizations: CNN, National Intelligence, FBI, Infrastructure Security Agency, Trump, Politico, The New York Times, Washington Post, Islamic Revolutionary Guard Corps, Investigators Locations: stoke

☆ Amazon increases average pay for warehouse workers and adds free Prime membership perk
▼ + stars: | 2024-09-18 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +1 min

Amazon announced Wednesday it's raising wages for its hourly warehouse workers, and adding a new employee perk that will give them a Prime subscription at no extra cost. Starting this month, Amazon's average starting pay for front-line employees in the U.S. will be bumped to an average of more than $22 an hour, up from roughly $20.50 an hour, the company said. Amazon said it's also making its Prime subscription service a part of employees' benefit package beginning "early next year." The service, which costs $140 a year, gives members access to speedy shipping and video streaming, among other perks. Amazon said Tuesday it plans to host a second Prime Day-like deal bonanza on Oct. 8-9, the third year it's held the discount event.

Persons: Amazon, it's Organizations: Amazon Locations: U.S

We'll show you everything you need to know about where to watch Survivor Season 47, including free options. We'll highlight global watch options, including free streaming and a limited-time-only deal on a US option. Where to watch Survivor Season 47 in the USIf you're a longtime fan of Survivor, there should be no surprises here. Check price at FuboWhere to watch Survivor Season 47 in CanadaSurvivor Season 47 will air at the same time as the US in Canada on Global TV. Where to watch Survivor Season 47 in AustraliaNew episodes of Survivor Season 47 will be available to stream for free on 9Now in Australia a little less than a day after they air in the US.

Persons: Jeff Probst, Jon Lovett, we've, you'll, ExpressVPN Organizations: Business, Survivor, Crooked Media, CBS, Paramount, Showtime, Paramount Plus, Nickelodeon, Comedy Central, BET, MTV, Paramount CBS, Canada Survivor, Global, Canadian Locations: Fiji, Canada, Australia

☆ I tried Nestlé's new weight-loss meals, and felt full for hours — but nutritionists have mixed reviews
▼ + stars: | 2024-09-18 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +9 min

This story is available exclusively to Business Insider subscribers. Vital PursuitThe meals cost less than $5 and are available at retailers including Target and Walmart, starting Wednesday, according to the company. These small meals, branded as protein-rich, are designed to help GLP-1 users lose more fat, and less muscle. "We want to be a brand for those 82% of Americans who are managing their weight," Stoehr told Business Insider, referencing a Morgan Stanley report. "These meals seem like a decent option... but not a great one," Malloy wrote in an email to Business Insider.

Persons: —, Nestlé, Kristen Stoehr, Stoehr, Morgan Stanley, We're, Alix Turoff, Mike Molloy, Hilary Brueck, I've, I'd, Turoff, Malloy, It's, that's, I'm, Nestlé's, Marlene Schmidt, Morgan Stanley's Organizations: Service, Business, Target, Walmart Locations: Nestlé, New York

☆ Influencers and vloggers are showing off their lives in Saudi Arabia's Neom. It's falling flat.
▼ + stars: | 2024-09-18 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +5 min

Read previewSaudi Arabia's new city of the future, Neom, isn't looking quite so glamorous just yet. A wave of vloggers and micro-influencers have been posting on social media about their lives in the still-developing desert city — and their posts are kind of falling flat. AdvertisementThis publicity image shows a design for "The Line," a part of the planned Saudi Arabian desert megacity in Neom. NeomAnd then there's the reality of what living in Neom currently looks like. The city of Neom did not immediately respond to a request for comment from Business Insider, nor did Herman.

Persons: —, Saudi Arabia's Crown Prince Mohammed bin Salman, Jessica Herman, Herman, It's, Herman who's, vloggers, Sara Sarasid, Aida McPherson, Joshua Hind, Matt Bevan, Herman's, we've, Neom Organizations: Service, Saudi Arabia's Crown, Business, ABC News, BBC, Saudi, Wall, Variety Locations: Saudi, Neom, KSA

☆ How to position your muni bond portfolio ahead of the election and potential tax law changes
▼ + stars: | 2024-09-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

With the Federal Reserve rate-cutting cycle expected to begin and the November election just around the corner, now could be a good time to invest in municipal bonds. Interest earned on municipal bonds are free from federal tax. Close said he is already seeing financial advisors start to position their muni portfolios in anticipation of changes. Unlike the Treasury market, the muni market yield curve is upward sloping, Close said. In addition, there's room for lower-rated municipalities to outperform, such as A, BBB and high yield, Norton said.

Persons: Matthew Norton, Norton, Dan Close, Close, It's, Paul Malloy, Malloy, it's, Vanguard's Malloy, Nuveen's Organizations: Federal, Democratic, White House, Congress, municipals, Vanguard, BBB, AAA, AA, Treasury, Investment Company Institute, Fed Locations: Nuveen, California , New York, New Jersey, New York, California, AllianceBernstein

☆ Taiwan manufacturer rejects links to Lebanon's exploding pager attacks, names Hungarian firm
▼ + stars: | 2024-09-18 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Taiwanese pager manufacturer Gold Apollo rejected reports that it produced the devices at the center of deadly attacks in Lebanon that killed at least 12 people and injured nearly 3,000 others. Thousands of pagers used by Hezbollah members around Lebanon simultaneously exploded on Tuesday evening, sending local emergency services into overdrive as hospitals filled up with wounded patients. Hezbollah called the act an "Israeli aggression"; Israel, meanwhile, has not commented on the blasts. Tens of thousands of people in both Lebanon and Israel have been evacuated from their homes. Hezbollah's leadership has previously said it does not seek a wider war, but would fight if provoked by Israel.

Persons: Hsu Ching, kuang, Gold Apollo, Mojtaba Amani, Israel, Benjamin Netanyahu, — Organizations: Reuters, Consulting, CNBC, Lebanese, Palestinian, Hamas Locations: Beirut's, Lebanon, New Taipei, Budapest, Hungary, Iran, Israel, Gaza, Israel's

☆ The iPhone 16 Pro Max has better battery life and great cameras, but Apple Intelligence hasn't arrived
▼ + stars: | 2024-09-18 | by ( Todd Haselton | ) www.cnbc.com time to read: +9 min

In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNTiPhone 16 Pro Apple Inc.Apple's iPhone 16 family of phones will hit shelves on Friday. Ahead of their launch, I've spent the past five days been testing the high-end iPhone 16 Pro Max. Here's what you need to know about the new iPhone 16 Pro Max, as of now. The iPhone 16 Pro Max has the best battery life of any iPhone yet. Apple Intelligence photos Apple Inc.Another Apple Intelligence feature can help you create movie memories, which are little snippets of photos and videos set to music.

Persons: I've, Max, It's, it's, Siri, Ming, Chi Kuo, I'm, MagSafe, They're, Tim Cook, what's, Jiang Jiaqiang, There's, Siri doesn't, Steve Jobs, Manuel Orbegozo Organizations: Apple Inc, Apple, Apple Intelligence, TF Securities, Barclays, Apple Intelligence Apple Intelligence, Steve, Reuters Locations: Apple's Mail, Boston, Cupertino , California

☆ The stock market got just what it wanted from the Fed
▼ + stars: | 2024-09-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The Fed just issued its first interest rate cut in four years. AdvertisementStocks got a brief leg up to a new intraday record on Wednesday after the Federal Reserve issued its first rate cut since 2020. "The Fed has given the market what it was looking for with the bigger 50-basis point rate cut," Joel Kruger, market strategist at LMAX Group said in a statement. Here's where US indexes stood at the 4 p.m. closing bell on Wednesday:AdvertisementStocks have historically reacted well to Fed rate cuts. "All we needed today was for Powell to validate market expectations that the Fed is acknowledging the downside risks to the labor market and responding appropriately."

Persons: Stocks, —, Jerome Powell's, Joel Kruger, Morgan Stanley, Kruger, Tom Lee, Priya Misra, Powell, Jason Pride Organizations: Service, Federal Reserve, LMAX, JPMorgan Asset Management Locations: Glenmede

☆ Asia-Pacific markets open mixed as investors await Federal Reserve's rate decision
▼ + stars: | 2024-09-18 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets opened mixed on Wednesday, following gains on Wall Street that saw both the S&P 500 and the Dow Jones Industrial Average reach new highs. Investors await the Federal Reserve's rate decision due Wednesday stateside, and will also assess economic data from Japan as well the Indonesian central bank's rate decision. Japan's private sector machinery orders in July declined 0.1% from the previous month, according to data from the Cabinet Office, missing Reuters estimates of a 0.5% increase. Bank Indonesia is set to meet Wednesday for a key BI-rate decision. The policy rate stands at its highest level since 2016, even as inflation has cooled to well within the central bank's 1.5%-3.5% target.

Organizations: Dow Jones, Japan's Ministry of Finance, Bank Indonesia Locations: Asia, Pacific, Japan, Indonesian

☆ I take quiet vacations from my $300,000 Wall Street job because the work isn't fulfilling. Here's how I get away with it.
▼ + stars: | 2024-09-18 | by ( Robin Madell | ) www.businessinsider.com time to read: +7 min

Read previewThis as-told-to essay is based on a conversation with a 42-year-old vice president at a Wall Street bank in New York City. I work in tech for a Wall Street bank, and I quiet vacation. I do the bare minimum work for my Wall Street job because the pay and bonuses aren't as good as they used to beI wanted to work on Wall Street because of the money. Even on Wall Street, it seems like once people fall into a way of thinking, they stick with it their entire lives. On Wall Street, it's more important not to make any mistakes than to see how many hours someone can sit in an office.

Persons: —, I've, he'd, I'm, Lauryn Haas Organizations: Service, Business, Microsoft, lhaas Locations: New York City, Virginia, Atlantic City, Ocean City

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