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☆ New home sales saw the biggest burst of activity in August since 2022, MBA says
▼ + stars: | 2024-09-17 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

The housing market saw a burst of activity in August. New home sales rose around 15% last month, the biggest jump since 2022. Buyers are coming back to the market as mortgage rates ease. Go to newsletter preferences Thanks for signing up! AdvertisementThe housing market is seeing a fresh burst of activity as mortgage rates edge lower.

Persons: Buyers, — Organizations: Service, Mortgage, Association, Business

☆ Stock market today: Indexes rise on upbeat retail sale data ahead of Fed meeting
▼ + stars: | 2024-09-17 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Stocks pushed higher as positive retail sales surprised investors. All eyes are on the Federal Reserve's likely interest rate cut on Wednesday. AdvertisementStocks moved higher after stronger-than-expected US retail sales boosted confidence in consumer health, as the Federal Reserve's two-day policy meeting is set to kick off. Retail sales increased 0.1% last month, compared to consensus estimates of a 0.2% decline. Strong retail sales suggest that the Fed does not necessarily have to hurry with larger cuts, as the consumer economy appears intact for now.

Persons: Stocks, —, That's, Scott Helfstein Organizations: Service, Federal, Investment, Global

☆ OpenAI CEO Sam Altman shares his No. 1 strategy for living without regrets: You should 'put a huge premium' on it
▼ + stars: | 2024-09-17 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

Sam Altman, CEO of OpenAI, during a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. He may not have known it at the time, but in 2005 Sam Altman took a risk that changed the trajectory of his career. It "seemed like a really fun thing to try," Altman, 39, told students during an interview at his alma mater, the St. Louis-area John Burroughs School. On the other hand, a one-way door risk is harder to undo. The risky thing is to not go try the things that might really work out.

Persons: Sam Altman, That's, Altman, OpenAI Altman, Jeff Bezos, Lex, Bezos Organizations: Economic, John Burroughs School Locations: Davos, Switzerland, Stanford, Louis

☆ My family of 4 spent $330 at Shula's Steak House. Our meal was so great that I hope this small chain expands across the US.
▼ + stars: | 2024-09-17 | by ( Terri Peters | ) www.businessinsider.com time to read: +1 min

My family of four had dinner at Shula's Steak House, a chain with a location at Disney World. Go to newsletter preferences Thanks for signing up! AdvertisementOn a recent trip to Disney World, my family and I decided we'd try a new restaurant — Shula's Steak House. The steak house, which is owned by Shula's Restaurant Group, is named after former Miami Dolphins coach Don Shula. The chain aims to carry on Shula's legacy, so each location has a loose football theme.

Persons: mignon, crème, —, we'd, Don Shula Organizations: Disney, Service, Daily, Shula's Restaurant, Miami Dolphins, Business Locations: America, Florida, Chicago, Houston, Richmond , Virginia

☆ Inside $178 billion Man Group's Oxford gathering: Academic hotshots, internal rising stars, and $25 trillion in institutional capital
▼ + stars: | 2024-09-17 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +7 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewEven when compared to the impressive and lengthy history of the University of Oxford, this week's gathering at Trinity College is noteworthy. Academics, nerds, and rising starsThe speakers over the two-plus days are roughly half Man employees and half external invitees. The firm balances the external speakers — from finance and other disciplines — with a line-up of Man executives and internal rising stars who are working on something that ties into the overall theme. Oxford offers plenty of advantages for the firm's leadership to get to know the decision makers at these firms.

Persons: —, Tom Holland, Steven Desmyter, Milken, Desmyter, there's, Holland, Morgan Stanley, Clare Woodman, John Curtice, Jamie Dimon, Goldman Sachs, Lloyd Blankfein, Mike Lynch, Sumant Wahi, Vinayak Kumar, It's Organizations: Service, University of Oxford, Trinity College, Business, Ashmolean Museum, BBC, Morgan Stanley EMEA, Oxford, Oxford Man Institute, Union House Locations: British, Davos, Hawaii, Sydney, Sicilian, it's, Rhodes House, Trinity, New York, London, Dubai

☆ The best new iOS 18 features that are available now for iPhones
▼ + stars: | 2024-09-17 | by ( Ana Altchek | Jaures Yip | ) www.businessinsider.com time to read: +8 min

With iOS 18, Apple is bringing updates to a wide range of apps and features, including Mail, Photos, iMessage, and Apple Wallet. And while iOS 18 will eventually feature Apple Intelligence features for the iPhone 15 Pro and iPhone 16 lineup, you'll have to wait until October to see those features start rolling out. AdvertisementHere are some of the changes we're most excited about iOS 18. A new home screen designApple iOS 18 lets you customize your home screen wallpaper, app icons, and widgets. Apple Maps is becoming more hiker-friendlyApple Maps will have topographic maps with detailed trail networks and hiking routes with iOS 18.

Persons: —, it's, Ronak Shah, You'll, Craig Federighi, Apple Cash, Apple AirPods, Siri, Apple Organizations: Service, Apple, Apple Intelligence, Business, Tapbacks, Google, OpenAI Locations: Siri

☆ I shopped at Hannaford, the largest supermarket chain in Maine, and I wish it would come to every state
▼ + stars: | 2024-09-17 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

Hannaford started as a small produce cart in 1883 and is now Maine's largest grocery chain. Hannaford in Scarborough, Maine, impressed with its vast selection and fresh produce. 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 . On a recent trip to Portland, Maine, I stopped off at Hannaford Supermarkets in Scarborough and was blown away by the massive selection of produce, meat, and tasty-looking prepared foods.

Persons: Hannaford, —, I'm Organizations: Service, Yorker, Hannaford Supermarkets, Business Locations: Maine , Massachusetts, New Hampshire , Vermont, New York, Scarborough , Maine, Portland , Maine, Scarborough

☆ Progressives aren't quite sure how to deal with Jill Stein
▼ + stars: | 2024-09-17 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +8 min

The New York progressive was asked how to convince people who supported Green Party presidential candidate Jill Stein that they were "wasting their time and effort." "You are the leader of your party," Ocasio-Cortez said of Stein, who's running for president for the third time this year after mounting bids in 2012 and 2016. In interviews at the Capitol last week, they ranged from conciliatory to critical when the topic of the Green Party arose. Rep. Greg Casar of Texas even confessed that the Green Party "hasn't been something that's crossed my mind a lot." AdvertisementRep. Becca Balint of Vermont charged that candidates like Stein and West are "ego driven" and "not reading the room."

Persons: Alexandria Ocasio, Cortez, Jill Stein, Stein, who's, It's, it's, she's, Trump, She's, Ocasio, Jill Stein hasn't, Donald Trump's, There's, Cornel West, Ro Khanna, Jamaal Bowman, Bowman, there's, That's, Ilhan Omar, Instagram, M1wMHDqdtH — bryan metzger, Stein's, Joe Biden, Progressives weren't, they've, Kamala Harris, who've, — Bowman, Cori Bush, Missouri —, Sen, Bernie Sanders —, Hillary Clinton's, Harris, Greg Casar, Becca Balint, Vermont, Balint Organizations: Service, Green Party, Business, Democratic Party, Democratic, Greens, Pelosi, American, Progressives, AIPAC, Council, Islamic Relations, Lawmakers, Green, Capitol Locations: Alexandria, York, Russia, Ocasio, Gaza, Israel, Michigan , Wisconsin, Pennsylvania, Wisconsin , Michigan, North Carolina, California, Chicago, Minnesota, Missouri, Dearborn , Michigan, Texas, West

☆ Instagram is rolling out Teen Accounts by default. It's about time.
▼ + stars: | 2024-09-17 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +4 min

Read previewTeenagers across the world will experience something slightly different when they open Instagram over the next few weeks: Meta will now designate users under 18 as "Teen Accounts" — by default. The teen settings will automatically apply to newly made accounts and existing ones. Teen Accounts will have "Sleep Mode" enabled by default. For younger teens, parents can see who their children direct message with — but won't be able to read their DMs. Accounts of 16- and 17-year-olds will automatically default to Teen Accounts, but they'll be able to change the settings on their own (unless a parent has already signed onto parental controls).

Persons: —, Nick Clegg, hasn't, Clegg, we've, it's, they'll, Adam Mosseri, Meta Organizations: Service, Business, Meta, Facebook, Apple, Google, US

☆ The EU may be prepping to lend Ukraine up to $45 billion — with or without the US
▼ + stars: | 2024-09-17 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +1 min

According to the FT, the EU plans to raise billions to help Ukraine by the end of the year. It comes after plans to use profits from Russia's frozen funds to help Ukraine fell short. Ukraine faces a $38 billion financial gap and relies on aid from the US and Western allies. AdvertisementThe EU is preparing to provide up to $45 billion in loans to Ukraine within the next four months, according to a report in the Financial Times. The move comes after a plan to use profits from Russia's frozen funds to help Ukraine ran into roadblocks.

Persons: —, Josep Borrell Organizations: Service, Financial Times, European Commission, Business Locations: Ukraine, Washington

☆ Americans Really Hate the so-so Economy, Worried About Recession
▼ + stars: | 2024-09-17 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

We expected there to be a cooling labor market — that's kind of the goal — and it's always just, you know, how cool?" That being said, when it comes to the labor market … it is, in fact, so over. That's an improvement over July's 4.3% unemployment rate, but overall, the jobs market in the US is cooling off. Related stories"If you imagine a labor market like a bathtub, the bathtub is full," said Dana Peterson, the chief economist at the Conference Board. Despite the strong labor market, they're sending endless résumés into the ether without getting any bites, and they don't understand why.

Persons: I've, it's, Allison Shrivastava, Joanne Hsu, there's, Dana Peterson, Jaime, Alexis Fowler, she'd, That's, pang, Hsu, Michael Madowitz, Y, Peterson, We're, Emily Stewart Organizations: Federal, University of Michigan, Conference Board, Roosevelt Institute, Business

☆ Planning to delay retirement may not rescue you from poor savings
▼ + stars: | 2024-09-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Alistair Berg | Digitalvision | Getty ImagesPlanning to work longer is a popular escape hatch for Americans who feel they've saved too little to support themselves in old age. About 27% of workers intend to work in retirement because they need to supplement their income, according to a new CNBC and SurveyMonkey survey. While working longer is among the best ways to shore up one's nest egg, the plan may backfire, according to retirement experts. If workers lose those wages, they'd have to figure out another way to make their retirement savings last. There are benefits to working longerWorking longer — for those who can do it — is a financial boon, according to retirement experts.

Persons: Alistair Berg, Digitalvision, they've, Philip Chao, Chao, EBRI Organizations: Getty, CNBC, Workers, Urban Locations: John , Maryland

☆ Kamala Harris says she has full confidence in the Secret Service following apparent Trump assassination attempt
▼ + stars: | 2024-09-17 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

Read previewVice President Kamala Harris during a Tuesday interview said she has full confidence in the US Secret Service following the apparent assassination attempt against former President Donald Trump this past weekend. "You can go back to Ohio," Harris told the NABJ moderators. "Not everybody has Secret Service. I have Secret Service protection," she continued. Advertisement"I checked on him to see if he was ok," the vice president said.

Persons: —, Kamala Harris, Donald Trump, Harris, Vance Organizations: Service, National Association of Black Journalists, Business, GOP, Trump Locations: Philadelphia, Springfield , Ohio, Springfield, Ohio, West Palm Beach , Florida

☆ Brinker CEO on Chili's strength and growth strategy
▼ + stars: | 2024-09-17 | 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 EmailBrinker CEO on Chili's strength and growth strategyKevin Hochman, Brinker CEO, joins 'Money Movers' to discuss the strength of Chili's business, its growth strategy, and much more.

Persons: Brinker, Kevin Hochman

☆ We're Californians who moved to Texas after experiencing homelessness. We've been here less than a year and can't wait to go home.
▼ + stars: | 2024-09-17 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +8 min

Price and Monam moved from Riverside, California, to Tyler, Texas, earlier this year. Eiman and I lived in the same apartment building in Riverside, California, for a long time. Dannielle Price (left) took a road trip with her kids to visit Tyler, Texas (right) earlier this year. We moved to Texas a second time in April 2024Dannielle: We all moved back in with my mom in Henderson, Eiman included. Dannielle Price and Eiman Monam said they've struggled to make ends meet in Tyler, Texas.

Persons: —, Dannielle Price, Eiman, Price, Monam, I've, Einam, weren't, Tyler, Henderson, that's, Eiman Monam, they've, We've Organizations: Service, Business, Washington Post Locations: Riverside , California, Tyler , Texas, Southern California, California, Texas, Mira Loma , California, Henderson , Texas, Henderson, East Texas, Riverside, Tyler

☆ Hundreds of Iran-backed Hezbollah members were hurt when their pagers just weirdly exploded
▼ + stars: | 2024-09-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +1 min

Hundreds of Iran-backed Hezbollah members were hurt when their pagers suddenly exploded. Lebanon's Internal Security Forces urged people to stay off the roads for emergency vehicles. Go to newsletter preferences Thanks for signing up! AdvertisementHundreds of Hezbollah members in Lebanon were hurt on Tuesday when their pagers suddenly exploded, according to multiple reports. Lebanon's Internal Security Forces said people were injured after wireless communications devices exploded in several regions across the country.

Persons: Israel, — Organizations: Internal Security Forces, Service, Business Locations: Iran, Lebanon

☆ Stocks making the biggest moves premarket: Microsoft, Intel, Shopify and more
▼ + stars: | 2024-09-17 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Microsoft — Shares were up about 2% after the tech giant increased its quarterly dividend by 10.7% to 83 cents per share. Shopify — Shares of the e-commerce stock gained 2.6% after Redburn Atlantic upgraded Shopify to buy from neutral. Shopify should continue gaining market share as the U.S. social e-commerce market appears poised for explosive growth over the next few years. AppLovin — The mobile software company rose more than 2% after UBS upgraded shares to buy from neutral. Gannett — Citi upgraded the newspaper company to neutral from sell, sending shares higher by 4%.

Persons: Jefferies, Dell, AppLovin, Gannett, —, Fred Imbert, Sarah Min, Sean Conlon, Michelle Fox Theobald Organizations: Microsoft, Intel, Dell Technologies, Mizuho Securities, UBS, Gannett — Citi Locations: 4Q24

☆ Amazon CEO's 'bureaucracy mailbox' for employees is a smart idea that more companies need
▼ + stars: | 2024-09-17 | by ( Tim Paradis | ) www.businessinsider.com time to read: +1 min

Amazon is starting a "bureaucracy mailbox" for workers to report inefficiencies. 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 . AdvertisementSometimes, it takes a bit of bureaucracy to trim the bureaucracy. That's the hope, at least, of Amazon's new "bureaucracy mailbox" where workers can flag what CEO Andy Jassy described as "unnecessary and excessive process or rules."

Persons: Andy Jassy, — Organizations: Amazon, Service, Business

☆ Op-ed: Here’s why a sale of Bausch + Lomb could lead to a windfall for Bausch Health investors
▼ + stars: | 2024-09-17 | by ( Kenneth Squire | ) www.cnbc.com time to read: +7 min

Bausch + Lomb parent company Bausch Health is spinning off the eye-care company with an upcoming IPO which will list on the New York Stock Exchange and TSX with the ticker symbol “BLCO”. This would greatly benefit BLCO stockholders, of which Bausch Health is the largest. As an 88% owner of BLCO, Bausch Health's value derived from such a sale would be $12.32 billion. Adding the value of the proceeds from BLCO sale, the Xifaxan cash flows and RemainCo yields a total value of $25.93 billion for Bausch Health. After subtracting 100% of the Bausch Health debt, that would yield an equity value of $10.49 billion or $28.19 per share.

Persons: Bausch, Scott Olson, Richard Mulligan, John Paulson, Brett Icahn, Steven Miller, Carl Icahn, BLCO, Goldman Sachs, Bausch Health's, Peers, InMode, Takeda, Gary Hu, Brent Saunders, Ken Squire Organizations: Bausch Health, New York Stock Exchange, TSX, U.S . Securities, Exchange, Financial Times, Cooper Companies, BLCO, Products, Takeda Pharmaceuticals, Ironwood Pharmaceuticals, Health, 13D Locations: CHICAGO , ILLINOIS, Chicago , Illinois, BLCO

☆ From homemade loaves to a thriving bakery
▼ + stars: | 2024-09-17 | 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 EmailFrom homemade loaves to a thriving bakeryPaulo Velasco's Bread and Culture started as a homegrown passion project, driven by his deep appreciation for traditional bread-making and his Latino heritage. What began with baking in his kitchen and selling at local farmers' markets has evolved into a thriving bakery in Flemington. Supported by his wife Michelle and their children, Paulo's journey from initial skepticism to establishing a successful business underscores the blend of dedication and community spirit.

Persons: Culture, Michelle Organizations: Paulo Locations: Flemington

☆ CNBC Daily Open: Rate cuts might not benefit tech the most
▼ + stars: | 2024-09-17 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Record close for DowThe S&P 500 and Dow Jones Industrial Average rose on Monday, with the Dow notching a record close. Next move for the BOJThe Bank of Japan won't be raising interest rates at its September meeting, according to a CNBC survey of 32 analysts. [PRO] "Golden age of fixed income"The U.S. Federal Reserve is poised to cut interest rates this week.

Persons: Shaktikanta Das, Biden, Rick Rieder Organizations: Trade Center, CNBC, Dow, Dow Jones, Nasdaq, Nikkei, U.S ., Midea Group, Hong Kong, Bank of Japan, Bank of India, Intel, U.S . Federal Locations: Manhattan, Jersey City , New Jersey, Asia, Pacific, Hong

☆ US Air Force says war with China in the Pacific is not 'imminent or inevitable' but the threat is growing
▼ + stars: | 2024-09-17 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +1 min

The Secretary of the US Air Force said war with China in the Pacific was not "imminent or inevitable." Even so, Frank Kendall said the likelihood of one is growing and will continue to grow. AdvertisementA war between the US and China in the Pacific is not "imminent or inevitable," but the threat of one is growing, according to a top US military official. Frank Kendall, the US Air Force Secretary, made the assessment during a keynote address at an Air & Space Forces Association convention on Monday. "I am not saying war in the Pacific is imminent or inevitable.

Persons: Frank Kendall, China's, —, Kendall Organizations: US Air Force, Service, Air & Space Forces Association, Business Locations: China, Taiwan, Pacific

☆ A General Catalyst-backed startup is mass-buying virtual care tech from big players like Walmart. Here's why Fabric is still betting on telehealth.
▼ + stars: | 2024-09-17 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +6 min

Read previewHealthtech startup Fabric launched out of stealth in March 2023 to help patients get care faster and automate administrative work for providers. In June, Fabric bought Walmart's virtual care business, MeMD, after the retailer announced it would shutter its 51 health clinics. MeMD was Fabric's third acquisition — the startup previously bought asynchronous virtual care platform Zipnosis from Bright Health, as well as generative AI startup Gyant. The startup has acquired TeamHealth VirtualCare, the virtual care business inside giant physician practice group TeamHealth, Business Insider has learned exclusively. While virtual care saw a tsunami of VC interest during the pandemic, investors and healthcare companies alike are now pulling back.

Persons: —, it's, MeMD, TeamHealth VirtualCare, UnitedHealth Group's Optum, Aniq Rahman, Rahman, we've, Hemant Taneja, Commure, We've, Moat Organizations: Service, Fabric, Bright Health, Business, Google Ventures, Salesforce Ventures, General Catalyst, Bright, Walmart, Vast Ventures, Oracle Locations: Florence

☆ Amazon's RTO mandate won't pay off in the way the company hopes
▼ + stars: | 2024-09-17 | by ( Madeline Berg | Tim Paradis | ) www.businessinsider.com time to read: +8 min

Read previewSorry, Amazon employees. CEO Andy Jassy announced on Monday that starting next year, Amazon employees must be in the office five days a week. Amazon's announcement comes after 15 months of hybrid work — employees had to be in three times a week. Some employers like Amazon are looking to take back powerIn the pandemic era, the labor market favored office workers. Oftentimes, introverted employees work better outside the office, and some people find that the pressure of in-person work can stifle productivity and deep thinking, Duffy said.

Persons: —, Andy Jassy, Goldman Sachs, Caitlin Duffy, Duffy, Julia Hobsbawm, Hobsbawm, Amazon's Jassy, Jassy, Nicholas Bloom, who's, Bloom, what's, Deborah McGee, McGee, Gen Z, they're Organizations: Service, Business, Slack, Employees, JPMorgan, Gartner, Stanford, Research, Data Technologies, PZI Locations: America

☆ Harris pledges to 'earn the vote' of Black men, as Trump makes gains
▼ + stars: | 2024-09-17 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Vice President Kamala Harris on Tuesday laid out how her economic proposals could specifically help young Black men, a key Democratic voting bloc that polls show Republican former President Donald Trump gaining ground with in this election cycle. "I think it's very important to not operate from the assumption that Black men are in anybody's pocket," Harris said in a sit-down interview with a panel from the National Association of Black Journalists. A new poll by the civil rights group NAACP released Friday found that more than a quarter of Black men under 50 years old support Trump over Harris. At NABJ, she described embarking on an "economic opportunity tour focused on Black men" earlier this year, before she was a candidate for president. Proposals like these could help Harris address two distinct vulnerabilities for the Democratic party in this election cycle: public perceptions of the economy, and young Black men who lean toward voting for Trump.

Persons: Kamala Harris, Donald Trump, Harris, they've, — Organizations: Democratic, U.S, National Association of Black Journalists, Republican, NAACP, Trump Locations: Philadelphia , Pennsylvania, U.S, NABJ, Black

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