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☆ I built a treehouse for fun and it now books 2 years out on Airbnb. Here's how I set up the $389-a-night rental that made enough for me to quit my job.
▼ + stars: | 2022-10-07 | by ( Jamie Killin | ) www.businessinsider.com time to read: +6 min

He started renting the unique home on Airbnb and now has guests booked two years in advance. The Airbnb has become so popular that Bahouth was able leave his job and pursue hosting full-time. I built my treehouses 24 years ago, and I never imagined them as an Airbnb. Then I said to myself, "You know what, there's one way to get out there, and that's to build that treehouse." That's the only way you can survive in this, and that's why I'm doing fine financially.

☆ Ivanka Trump and Jared Kushner knew the 2020 election wasn't stolen and began to distance themselves before the results were even called, a new book says
▼ + stars: | 2022-09-28 | by ( Peter Baker | Susan Glasser | ) www.businessinsider.com time to read: +17 min

In their new book, journalists, Peter Baker and Susan Glasser go behind the scenes of the Trump White House. As the 2020 election results came in, Jared Kushner and Ivanka Trump had already moved on, the book says. They had their own future to think about, one that would no longer involve the White House. While still in the White House, he began writing a memoir focused on Middle East peacemaking. "We either have a vote WE control and WEwin OR it gets kicked to Congress 6 January 2021," Don Jr. wrote.

☆ Opinion: The British Empire: A legacy of violence?
▼ + stars: | 2022-09-25 | by ( Peter Bergen | ) edition.cnn.com time to read: +19 min

A related question is also surfacing now: What is the legacy of the British Empire writ large? Bergen: This reassessment of British Empire: You are leading the charge. Bergen: So, are the British in high school as they learn about British history being told a bunch of fairy tales? Are there similarities between the 1619 Project and what you and other colleagues are doing in your reassessment of the British Empire? And I think that’s what we’re seeing in different kinds of ways with the history of the British Empire.

☆ The Fed should slow the pace of its rate increases, says Bleakley's Peter Boockvar
▼ + stars: | 2022-09-23 | 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 should slow the pace of its rate increases, says Bleakley's Peter BoockvarPeter Boockvar, chief investment officer at Bleakley Advisory Group, joins CNBC's 'Squawk Box' to break down what's causing stock futures to tumble ahead of the open on Friday.

☆ From the Fed to Europe's currency crisis, here's what's behind this selloff in financial markets
▼ + stars: | 2022-09-23 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

"It's clear the economy is slowing yet inflation is ramping and the central bank is compelled to address it. Fed Chairman Jerome Powell steadfastly warned the Fed will do what it needs to do to crush inflation. Arone said around the globe, the common threads are slowing economies and high inflation with central banks engaged to curb high prices. Strategists say the U.S. central bank particularly rattled markets by forecasting a new higher interest rate forecast, for the level where it believes it will stop hiking. The Fed's projected 4.6% high water rate for next year is considered to be its "terminal rate," or end rate.

☆ Navigating rates and volatility
▼ + stars: | 2022-09-23 | 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 EmailNavigating rates and volatilityBleakley Financial Group's Peter Boockvar, Seymour Asset Management's Tim Seymour and ProShares Simeon Hyman join CNBC's Frank Holland and the 'CNBC Special: Markets in Turmoil' to discuss market reaction to the Fed's latest rate increase and where they see stocks heading for the rest of the year.

☆ Activist investor pushes Kohl's to oust its CEO and chairman
▼ + stars: | 2022-09-22 | by ( Jack Stebbins | ) www.cnbc.com time to read: +2 min

Activist investor Ancora Holdings is pushing Kohl's to remove its chief executive and its chairman. Ancora sent a letter to the board Thursday asking for the replacement of CEO Michelle Gass and Chairman Peter Boneparth. The activist investor, along with Macellum Advisors, attempted to seize control of Kohl's board in 2021. In that attempt, Ancora, along with other stakeholders, pushed for new directors with retail experience, inventory reduction and the sale of Kohl's real estate. The real estate investor offered as much as $2 billion for the chain's property, which Kohl's would lease back for its store locations.

That left the yield curve even more inverted, a signal of looming recession. Those declines have come as the Fed has already tightened rates by 300 basis points this year. "We might not see as strong returns in the equity markets going forward now that interest rates have been somewhat normalized." The shape of the Treasury yield curve, where short-term rates stand above longer-term ones, supports caution as well. Known as an inverted yield curve, the phenomenon has preceded past recessions.

☆ Jerome Powell is heading into the 'danger zone'
▼ + stars: | 2022-09-22 | by ( Julia Horowitz | Cnn Business | ) edition.cnn.com time to read: +7 min

London (CNN Business) When the Federal Reserve started hiking interest rates to combat decades-high inflation, Chair Jerome Powell stressed that the central bank could increase borrowing costs without inflicting too much damage on the economy. Breaking it down: The central bank didn't go as hard as some investors thought it might. The Fed's main interest rate is now set between 3% and 3.25%. Plus, many factors pushing up inflation numbers — such as the war in Ukraine and drought conditions — are outside the central bank's control. Central banks have "no choice" but to increase interest rates in an effort to combat inflation, she added.

☆ Pace of rate hikes is putting the economy and markets into a 'danger zone,' says Peter Boockvar
▼ + stars: | 2022-09-22 | by ( Melissa Lee | ) 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 EmailPace of rate hikes is putting the economy and markets into a 'danger zone,' says Peter BoockvarBleakley Financial Group's Peter Boockvar on yesterday's Fed rate decision. With CNBC's Melissa Lee and the Fast Money traders, Karen Finerman, Bonawyn Eison, Dan Nathan and Brian Kelly.

☆ Premarket stocks: Jerome Powell is heading into the 'danger zone'
▼ + stars: | 2022-09-22 | by ( Julia Horowitz | ) edition.cnn.com time to read: +7 min

“We feel the economy is very strong and will be able to withstand tighter monetary policy,” Powell said in March. Breaking it down: The central bank didn’t go as hard as some investors thought it might. Yet tucked into the central bank’s projections were signs that it plans to stay tough, even if it means pushing the economy into rocky territory. The Fed’s main interest rate is now set between 3% and 3.25%. Plus, many factors pushing up inflation numbers — such as the war in Ukraine and drought conditions — are outside the central bank’s control.

☆ Aerospace talent is a massive problem unless we do something, says Rocket Labs CEO
▼ + stars: | 2022-09-22 | 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 EmailAerospace talent is a massive problem unless we do something, says Rocket Labs CEOPeter Beck, Rocket Labs CEO, joins 'Squawk on the Street' to discuss the conversation around space-based internet service, whether space systems are more profitable than rockets, and more.

Sea level rise will flood huge swaths of the country and submerge billions of dollars’ worth of land, according to a new report. The analysis indicates that sea level rise could reduce the value of that private land by more than $108 billion by the end of the century. Risk isn’t evenly distributedClimate Central found that, unsurprisingly, the effects of sea level rise aren’t evenly distributed across the U.S. In Galveston County, Texas, more than 4,200 buildings that are currently above sea level will be at least partially underwater. While sea level rise is one of the major impacts of the climate crisis, it’s not the only one.

☆ Bret Baier wanted to rescind Fox News' decision to call Arizona for Biden in 2020 and wrote in an email, 'The Trump campaign was really pissed,' book says
▼ + stars: | 2022-09-20 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +3 min

Fox News anchor Bret Baier "was ready to give into" pressure from Trump after the network said he lost Arizona, new book says. "'The sooner we pull it...and we put it back in his column the better we are,'" he wrote, according to the book. "'The Trump campaign was really pissed,' he wrote in an email to Jay Wallace, the president and executive editor at Fox," according to the book set for publication on Tuesday. "'It's hurting us,'" he wrote, according to the book. The spokesperson noted that Arnon Mishkin, the head of the Decision Desk who was in charge at the time of the Arizona call, is returning for the November elections as Decision Desk head.

☆ Liz Cheney says Mike Pence was 'essentially the president' on January 6 as Trump refused to send reprieve
▼ + stars: | 2022-09-20 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Cheney suggested that Mike Pence was "essentially" the acting president on January 6, 2021. "Testimony that President Trump was the only person who refused to respond to desperate calls for help, even from his own congressional allies. In her speech on Monday, Cheney suggested that Trump's second-in-command, Mike Pence, stepped into his superior's role. "If you watched our hearings closely, you understand that Vice President Mike Pence was essentially the president for most of that day," she said. After Trump assailed Pence on Twitter for refusing to reject Electoral College votes for President Joe Biden, rioters throughout the Capitol began chanting "hang Mike Pence."

☆ Fox News' Bret Baier responds to book's report that he wanted to rescind his network's Arizona call in 2020: 'I never said the Trump campaign 'was really pissed''
▼ + stars: | 2022-09-20 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +4 min

The book "The Divider" recounts Bret Baier pushing Fox to rescind its decision to call Arizona for Biden. Baier tells Insider the "full context" of his email was not reported in the book. The authors stand by their book and note that his statement doesn't deny the accuracy of the email they reported. "In addition, it's especially notable that Baier wrote in the email that it would be better for Fox News 'to put it [Arizona] back in [Trump's] column,'" she wrote. I never said the Trump campaign 'was really pissed' – that was from an external email that I referenced within my note.

☆ The Fed is now expected to keep raising rates then hold them there, CNBC survey shows
▼ + stars: | 2022-09-20 | by ( Steve Liesman | ) www.cnbc.com time to read: +5 min

That is, the Fed will hike and hold, not hike and cut as many in the markets had been forecasting. The September CNBC Fed Survey shows the average respondent believes the Fed will hike 0.75 percentage point, or 75 basis points, at Wednesday's meeting, bringing the federal funds rate to 3.1%. The new peak rate forecast represents a nearly 40 basis-point increase from the July survey. Ryding sees a potential need for the Fed to hike as high as 5%, from the current range of 2.25%-2.5%. Respondents put the recession probability in the U.S. over the next 12 months at 52%, little changed from the July survey.

☆ Fed expected to hike rates by three-quarters of a point again, but its forecast may matter most
▼ + stars: | 2022-09-20 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

The Fed is expected to fire off another three-quarter point rate hike — its third in a row. We had theoretical road maps up until now, but from the Fed's point of view they're crossing into a world of tightening. Neutral is considered to be the interest rate level where Fed policy is no longer easy, but not yet restrictive. The Fed has considered 2.5% to be neutral, and if it raises by three-quarters of a point, fed funds will be in a range of 3% to 3.25%. In June, the Fed forecast the unemployment rate would be 3.7% this year, the same level it was at in August.

☆ Trump claimed he did a 'great job' with COVID and said the only thing Dr. Deborah Birx did well was scarves, book says
▼ + stars: | 2022-09-19 | by ( Lloyd Lee | Nicole Gaudiano | ) www.businessinsider.com time to read: +2 min

Dr. Deborah Birx previously said thousands of deaths from COVID-19 could have been mitigated. Trump responded, saying he "did a great job with the pandemic," a new book says. The former president criticized Birx and said, "The only thing she did well was scarves." A post shared by Scarves of Dr. Deborah Birx (@deborahbirxscarves)Birx wasn't the only person in Trump's orbit who was ignored when it came to the former president's response to the pandemic. Melania Trump also urged her husband to take the pandemic seriously, the book says.

☆ Hope Hicks told Donald Trump he lost the 2020 election and that 'nobody's convinced me otherwise," book says
▼ + stars: | 2022-09-19 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +3 min

Longtime Trump aide Hope Hicks didn't buy into his false claims that he won the 2020 election. She told him to move on, according to the book "The Divider: Trump in the White House, 2017-2021." Hicks told Trump it was time to move on, according to the book set to publish Tuesday. Once, the authors wrote, when seeing Biden on television, he said, "'Can you believe I lost to this fucking guy?'" "'Obviously, I support you, but I can't help you on that,'" Kushner told Trump, as he related the story to another Republican at the time," the authors wrote.

☆ Trump thought that he, as president, could prosecute Clinton and Comey, book says
▼ + stars: | 2022-09-19 | by ( Erin Snodgrass | Nicole Gaudiano | ) www.businessinsider.com time to read: +3 min

Donald Trump once threatened to use his role as president to prosecute his political foes. A White House attorney had to explain to the then president that he had no such power. The episode was chronicled in "The Divider," a new book obtained by Insider ahead of its publication. "You can't prosecute anybody," McGahn told Trump, according to the book. Several former Trump White House and government officials have since recounted similar stories that suggest the former president was unfamiliar with the logistics of his newfound position.

☆ H.R. McMaster was so worried Rudy Giuliani was a foreign agent that he made sure he was in the Oval Office whenever Giuliani visited, book says
▼ + stars: | 2022-09-19 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +4 min

Trump's former national security advisor was worried that Giuliani was a foreign "influence agent." McMaster was so concerned about Giuliani that he made sure he was in the Oval Office whenever Giuliani visited Trump, the book said. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyDonald Trump's one-time national security advisor, H.R. McMaster, was deeply concerned that former New York mayor Rudy Giuliani was an agent of a foreign government and made sure he was in the Oval Office whenever Giuliani paid Trump a visit. McMaster served as Trump's national security advisor from February 2017 to March 2018.

☆ Trump thought he'd be assassinated after he authorized the deadly drone strike that killed top Iranian leader Qassem Soleimani: book
▼ + stars: | 2022-09-18 | by ( Yelena Dzhanova | ) www.businessinsider.com time to read: +2 min

Trump worried that he'd be assassinated by the Iranian government for authorizing a strike that killed the Iranian military commander. Trump told several of his Florida friends about his fears at a cocktail party, two journalists wrote in an upcoming book. In public, though, Trump bragged about the strike, saying he took out a "noted terrorist." Trump told several confidantes about his fear, according to a report from The Guardian, which obtained an advance copy of the forthcoming book "The Divider" by journalists Susan Glasser and Peter Baker. In public, though, Trump talked up the drone strike to Republican donors in Florida, recounting the minutes that led up to the deadly event.

☆ Trump often candidly criticized women politicians for their looks, saying Nikki Haley has a 'complexion problem' and claiming Nancy Pelosi got 'plastic surgery': book
▼ + stars: | 2022-09-18 | by ( Yelena Dzhanova | ) www.businessinsider.com time to read: +2 min

Trump openly criticized Nikki Haley and Nancy Pelosi for their appearances, according to an upcoming book. And he said Pelosi is "an example of why women should be careful about plastic surgery," per the book. And he said he "would not pick Nikki Haley, his United Nations ambassador, as a running mate because she had a 'complexion problem.'" In 2020, for example, Trump shared a series of messages aiming insulting and sexist jabs at Hillary Clinton and Georgia Democrat Stacey Abrams. We're not going to have a socialist president, especially a female socialist president, we're not gonna have it, we're not gonna put up with it," Trump said.

☆ Trump said he wouldn't pick Pence as his VP again because he 'committed political suicide' by refusing to reject electoral college votes for Biden: book
▼ + stars: | 2022-09-18 | by ( Yelena Dzhanova | ) www.businessinsider.com time to read: +3 min

Donald Trump said he wouldn't pick Mike Pence to be his VP again, according to an upcoming book. Trump said Pence "committed political suicide" when he refused to intervene in the election certification process. Pence has previously stated that the vice president has no authority to overrule the results under the US Constitution. "The reason they want [the law] changed is because they now say they don't want the Vice President to have the right to ensure an honest vote. As vice president, Pence's job was to preside over the certification of the Electoral College in what is largely a ceremonial role.

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