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☆ Here’s what could knock the stock market’s momentum
▼ + stars: | 2024-09-23 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

The S & P 500 also reached an all-time high last week and posted a weekly advance of 1.4%. Here's a look: Valuations The S & P 500 trading near record highs is a double-edged sword, as valuations are also at historically high levels. "The S & P 500 is already trading a little above where it deserves to at year-end 2024." Scott Chronert of Citi also noted that six of the 11 S & P 500 sectors have "valuation composites near/at top decile levels." The S & P 500 has averaged a 2.3% loss in September over the past 10 years, according to FactSet data.

Persons: Stocks, it's, Lori Calvasina, Scott Chronert, BTIG's Jonathan Krinsky, Kamala Harris, Donald Trump, Piper Sandler, Craig Johnson, Gonzalo Asis, RBC's Calvasina, Citi's Chronert Organizations: Dow Jones, Federal Reserve, RBC Capital Markets, Citi, NBC, Presidential, PCE, Bank of America

☆ Arrowheads shed light on who fought in Europe’s oldest known battle
▼ + stars: | 2024-09-23 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

Inselmann collected literature, data and examples of more than 4,700 Bronze Age arrowheads from Central Europe and mapped out where they came from to compare them with the Tollense Valley arrowheads. Otherwise, they would expect to find evidence of arrowheads within ceremonial burials in the region that were practiced during the Bronze Age. “This new information has considerably changed the image of the Bronze Age, which was not as peaceful as believed before,” Terberger said. I consider the conflict as a sign that this major transformation process of Bronze Age society was accompanied by violent conflicts. Ute BrinkerThe scale of conflictThe large scale of battle has researchers rethinking what social organization and warfare were like during the Bronze Age.

Persons: ’ ”, Leif Inselmann, “, Inselmann, ” Inselmann, Thomas Terberger, haven’t, Barry Molloy, Molloy, ” Molloy, ” Terberger, ”, Ute Brinker, —, ’ Organizations: CNN, Berlin Graduate School of Ancient Studies, Free University of Berlin, Germany’s University of Göttingen, University College Dublin, ” Locations: Germany, Europe, Central Europe, Mecklenburg, Pomerania, Bavaria, Moravia, Tollense

☆ What the top 2024 election issues are for these young voters
▼ + stars: | 2024-09-22 | by ( Elise Hammond | Shania Shelton | ) edition.cnn.com time to read: +19 min

Along with the economy, young voters also name abortion, immigration, foreign policy, climate and gun control as other priorities. A recent GenForward survey conducted by the University of Chicago supports what dozens of young voters told CNN. Foreign policyAmerica’s position on the world stage is also top of mind for young voters. The Israel-Hamas war has proved to be a key sticking point for progressive and young voters, as well as Arab American and Muslim communities. Regardless of what issues are galvanizing young voters to head to the polls, many say they think their turnout in November will surprise some people.

Persons: N’Dea Gordon, ” Gordon, Gordon, who’ve, ”, Donald Trump, Kamala Harris –, they’ve, Logan Paul, Adin Ross, Harris, Vivek Rallabandi, Joe Biden, “ I’m, I’m, ” Rallabandi, Trump, Rallabandi, he’s, “, hasn’t, she’s, Vivek, Darius Diggs, Biden, Diggs, –, Darius Dupri Diggs, Darius Dupri Diggs Chaim Birzen, Birzen, “ That’s, Tyler Sands, Beyton Owens, Finn Gaensler, Finn, “ It’s, ” Gaensler, Roe, Wade, Ava Pallotta, Pallotta, Gen, Erin Clark, Kalkowski, Katelyn, Sebastien Ostertag, Sebastien Ostertag That’s, Ostertag, we’re, Jacob Telenko, ” Telenko, Jean Kojali, ” Kojali, Harris doesn’t, Harris ’, Noe Nunez, Nunez, ” Nunez, “ it’s, Jed Lyons, Joseph Yang, Yang, Joseph Yang “, “ We’re, CNN’s Kate Sullivan, Dana Elobaid Organizations: CNN, Western Governors University, University of Chicago, Trump, Federal Reserve, White, Republican, Marquette Law School, Senate, Trump’s, Harvard University, Boston Globe, Young, America, Democratic, US, Republican Party, Immigration, state’s Young Republican, United States Postal Service Locations: Columbus , Ohio, Pennsylvania, Rockland County , New York, America, Montana, California, Idaho, Santa Cruz , California, “, Port Chester , New York, Chapel Hill , North Carolina, Dearborn , Michigan, Israel, Gaza, Ukraine, Henderson , Nevada, United States, Cobb County , Georgia, Mexico, Zebulon , North Carolina, Mexican American, Gilbert , Arizona, Phoenix, Korean, Chandler , Arizona

☆ Tiny lizard ‘scuba dives’ and hides out from predators
▼ + stars: | 2024-09-21 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

Reptiles are astonishingly diverse, with extraordinary adaptations such as a tiny lizard in Costa Rica that has evolved a way to “scuba dive,” according to new research. Fantastic creaturesUsing the air bubble helps the anole to stay underwater longer, and the technique may help the tiny lizard hide from predators, researchers say. This ability allows the lizard to stay underwater for a prolonged period of time. Across the universeAn artist's concept depicts NASA's Voyager 1 spacecraft entering interstellar space, or the space between stars. Along the way, Voyager 1 found a thin ring around Jupiter and two new Jovian moons as well as five new moons orbiting Saturn.

Persons: Lindsey Swierk, Kaspar Hauser, ”, Hauser, Butch Wilmore, Suni Williams, Vincent van Gogh, ” Timothy A, Clary, Vincent van Gogh’s, It’s, King Ramses II, — Helga, Zohar, Artemis, Ashley Strickland, Katie Hunt Organizations: CNN, NASA, JPL, Caltech, NASA’s, International, Getty, Orion, Artemis, CNN Space, Science Locations: Costa Rica, Costa Rica’s, Nuremberg, Germany, Bristol, England, AFP, China, France, Egypt

☆ Nike's new CEO was an intern at the brand in 1988. He's now in charge of saving one of the biggest sports apparel legacies in the world.
▼ + stars: | 2024-09-20 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Read previewNike's incoming CEO is an old face in the company, having worked his way up the ranks from intern to C-Suite exec. He's set to take over Nike's outgoing CEO, John Donahoe, who has led the company since 2020. This story is available exclusively to Business Insider subscribers. According to Hill's biography, which Nike shared with BI, he started in the company as an apparel sales representative intern in 1988. AdvertisementNike representatives did not respond to a request for comment from Business Insider sent outside business hours.

Persons: —, Elliott Hill, He's, John Donahoe, Hill's, Hill, I'm, I've, Tom Peddie, Peddie, Locker, David Daniels, Daniels, Peter Cappelli, Cappelli, Elliot Hill, he's, Justin Sullivan, Jim Duffy, BI's Lloyd Lee, Duffy, they've, Ursula Burns, Burns Organizations: Service, Business, Nike, BI, NIKE, — Consumer, National University of Singapore, Wharton School, University of Pennsylvania, Stifel, Xerox, Columbia University, Business Insider

☆ Rate cuts are a double edged sword for Kamala Harris
▼ + stars: | 2024-09-19 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +6 min

As former President Donald Trump insists that the rate cut was fueled by partisan politics, Harris has to thread the needle with her rhetoric, experts told Business Insider. Celebrate the rate cut and she risks fueling Trump's narrative; ignore the rate cut and she doesn't get to claim a desperately needed economic victory. "This is a double edged one for Harris," Mark Blyth, a political economist at Brown University, said. Advertisement"On the other hand, Vice President Harris is running to be president of the same economy that the Federal Reserve is managing," Tedeschi told Business Insider. But Blyth remains skeptical that the rate cut will have a lasting impact in an election that's been defined by volatility.

Persons: Kamala Harris, Donald Trump, Harris, doesn't, Mark Blyth, Joe Biden's, Ernie Tedeschi, Mike Johnson, Tedeschi, Powell, Trump, Blyth, people's, they've, Danny Hayes, Thursday Harris, Dow Organizations: Service, Federal Reserve, Brown University, Yale Budget, Republicans, Wall Street Journal, Trump, Blyth, George Washington University, Business

☆ Stocks jump Thursday after Federal Reserve’s jumbo-sized rate cut
▼ + stars: | 2024-09-19 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —Stocks jumped Thursday morning as investors cheered the Federal Reserve’s eye-popping half-point interest rate cut. Tech stocks surged: Nvidia shares popped 4.8%, Tesla shares gained 5.4%, Meta Platforms shares rose 3.5% and Apple shares climbed 3.5%. The Fed on Wednesday cut rates by half a point, marking its first rate cut since the onset of the Covid pandemic and bringing rates down from a 23-year high. A large rate cut can be a double-edged sword for the economy. The Fed faced pressure to cut rates in July but held steady instead.

Persons: New York CNN — Stocks, Tesla, Jerome Powell, ”, Ronald Temple, Powell Organizations: New, New York CNN —, Dow, Nasdaq, Tech, Nvidia, Meta, Apple, Fed, Lazard Locations: New York, August’s

☆ The Fed’s rate cuts could have unintended consequences for the housing market
▼ + stars: | 2024-09-18 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

The market had become all but impenetrable after mortgage rates went from historic lows in 2020 to their highest levels in a generation last year. “And I think if we even go down to 5.9%, that would be really psychologically impactful to the housing market. The current 6.2% mortgage rate average is, of course, preferable to last year’s peak of 7.8% — a difference that could translate to hundreds of dollars in monthly payments. As my colleague Samantha Delouya wrote this week, a drop in mortgage rates could be a double-edged sword. “A further drop in mortgage rates could bring a surge of demand that makes it tougher to actually buy a house.”

Persons: ” Daniel Alpert, Alpert, “, ” Daryl Fairweather, Samantha Delouya, ”, Greg McBride Organizations: New, New York CNN, Federal Reserve, Westwood Capital, Fed, Bankrate Locations: New York

One out of 4 of the 31,000 homeowners in the coastal parish live there without homeowners insurance — one of the highest percentages in the United States. Across the country, 13.4% of homeowners — about 1 in 8 — are unprotected by homeowners insurance, according to an NBC News analysis of new Census Bureau data. It’s a double-edged sword.”The Census Bureau data shows how many homeowners pay less than $100 — or nothing at all — for homeowners insurance. According to the Census Bureau survey, which was taken in 2023, 20.8% of homeowners without mortgages also lack meaningful homeowners insurance. Among mortgage-holders, 8.5% don’t have meaningful homeowners insurance — and while banks require owners with mortgages to have homeowners insurance, gaps in coverage do happen.

Persons: Hurricane Francine, “, ”, Shannon Martin, you’re, Martin, ” Martin, Mark Friedlander, ” Friedlander, There’s, Daryl Fairweather, Redfin’s, ” Fairweather Organizations: NBC, Bankrate, Insurance Information Institute, “ Insurance Locations: Louisiana’s Terrebonne Parish, United States

☆ Ancient remains of Egyptian army barracks and a bronze sword unearthed by archaeologists
▼ + stars: | 2024-09-17 | by ( Issy Ronald | Eyad Kourdi | ) edition.cnn.com time to read: +3 min

CNN —Archaeologists have unearthed the ancient remains of an Egyptian army barracks and the artifacts left there, including a still-shiny bronze sword engraved with the name of King Ramses II in hieroglyphics. According to the ministry, Egypt was enjoying a time of economic prosperity and political stability known as the New Kingdom when the fort was in use. Archaeologists also uncovered necklaces made from carnelian and faience beads – types of semi-precious stones used by the ancient Egyptians – as well as half a bronze ring. Archaeologists uncovered several personal items belonging to the soldiers. Some of the rooms were used to store food, Ayman Ashmawy, head of the Egyptian antiquities sector at the Supreme Council of Antiquities, said, with fragments of large pottery and animal bones still remaining.

Persons: King Ramses II, Ramses II, kohl, Mohammad Ismail Khaled, Ayman Ashmawy Organizations: CNN —, Egypt’s Ministry of Tourism and Antiquities, Egypt Ministry of Tourism, Antiquities, Supreme, of Antiquities Locations: Alexandria, Egypt, New Kingdom

CNN —Ukrainian prosecutors have launched an investigation into an alleged Russian execution of a Ukrainian soldier found dead with a sword inscribed with “for Kursk” in his body, in an apparent act of revenge for Kyiv’s recent incursion into the Russian border region. His office later confirmed it had opened a criminal investigation into the alleged execution. “Footage of an alleged execution by sword of an unarmed Ukrainian serviceman with taped hands is spreading on the web,” he wrote on X. Thursday’s image comes as Russia is stepping up its efforts to expel Ukrainian forces from Kursk. The Kremlin has not commented on the alleged execution.

Persons: “, Andriy Kostin, ”, ” Kostin, Benjamin Strick, Dmytro Lubinets, Kostin, Volodymyr Zelensky Organizations: CNN, Centre, Information Resilience, Geneva Convention Locations: Ukrainian, Kursk, Russian, Russia, Novohrodivka, Ukraine’s, Donetsk, Geneva, Moscow, Pokrovsk, Ukraine, Hrodivka

☆ Amazon is selling a ton of toilet paper and everyday items. Here’s why that’s a problem for investors
▼ + stars: | 2024-09-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

Faster delivery is prompting more and more people to turn to Amazon to buy paper towels and other everyday items. The growing prevalence of one- and same-day delivery has made Amazon a much more convenient to place to shop for everyday essentials. "If people buy everyday essentials on Amazon, they're more likely to buy other products too," said Jeff Marks, the Club's director of portfolio analysis. This added convenience in ordering everyday essentials from Amazon comes at a challenging time for physical retailers known for selling those same products. The company likes "to be in the consideration set for consumers" in the everyday essentials since it helps drive market share gains, Olsavsky said.

Persons: –, it's, Jeff Marks, Andy Jassy, Jassy, Gil Luria, Davidson, We've, Jim Cramer, Amazon's, Brian Olsavsky, Olsavsky, Wells, Ken Gawrelski, Gawrelski, Morgan Stanley, we're, Davidson's Luria, Luria, Jim, Jim Cramer's, Angus Mordant Organizations: Walgreens, CVS, Aid, D.A, Amazon, CNBC, Bloomberg, Getty Locations: Target, North America, New York

☆ Here’s what you should know about buying a home ahead of a likely interest rate cut
▼ + stars: | 2024-09-16 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

While the Fed doesn’t directly set mortgage rates, its actions affect borrowing costs throughout the economy. The most apparent effect: An interest rate cut could help ease the upward pressure on mortgage rates, making one piece of the homebuying equation more affordable. Most investors are betting that the Fed will cut its benchmark interest rate by just a quarter-point on Wednesday. Some financial advisers counsel to wait until you can get a mortgage rate that is a full percentage point below the rate you’re already paying, said Fairweather. “If you got a 7.5% mortgage rate, you may already be in the money to refinance,” she said.

Persons: Freddie Mac, ”, Daryl Fairweather, Redfin’s, “, it’s, Fairweather, We’re, Greg McBride, “ It’s, Leo Pareja Organizations: CNN, Federal Reserve, homebuyers, National Association of Realtors, Bankrate, eXp Realty Locations: Wells, ”

☆ Some baby boomers are burning through their retirement savings to pay for cancer treatments. Then they have to go back to work.
▼ + stars: | 2024-09-15 | by ( Juliana Kaplan | Noah Sheidlower | ) www.businessinsider.com time to read: +13 min

AdvertisementIt's a story all too familiar for some older Americans: An unexpected health crisis derails their retirement planning. With insufficient help from health insurance or Social Security, medical bills eat up any savings or income they have. Jones, who gets $2,200 a month in Social Security, has had to take on part-time work, which made her ineligible for some federal assistance. She paid for chemo out of pocket, spending her way through her retirement savings and maxing out her credit cards. Amend said it's crucial for older Americans to believe everything will be OK, noting "your mindset perpetuates what your outcome will be."

Persons: —, Kimberly Mullen, Mullen, She's, she'll, Nancy Altman, Saul Martinez, Karen Knudsen, they've, Uber, Wendy Jones, it's, she's, Jones, Teresa Ghilarducci, , Ghilarducci, Rebecca Buffum, Buffum, I'm, Andrew Whitaker, Marion, Robert Papalia, Papalia, Leonard Bianconi, Bianconi, Gallup, Monique Morrissey, haven't, Harris, Morrissey, Frank, Weeks, he's Organizations: Service, Business, Social Security, American Cancer Society, Social, Walmart, Medicare, New School for Social Research, Schwartz, for Economic, Kaiser Family Foundation, BI, Institute, Biden, American Heart Association Locations: Kentucky, North Carolina

☆ Welcome to a new era of work: The portfolio career
▼ + stars: | 2024-09-14 | by ( Madison Hoff | ) www.businessinsider.com time to read: +9 min

But around a year and a half ago, she decided to pursue what she calls a "portfolio career." Anna Mackenzie has a portfolio career and likes the variety of gigs she can do with this type of work. Mackenzie SweetnamJanel Abrahami, who also has a portfolio career, doesn't see workers going back to how work was before the pandemic. Some people may take on a freelance job or work more than one job to kick off their portfolio career. AdvertisementThe pros and cons of a portfolio careerMackenzie and Abrahami both think a portfolio career isn't for everyone.

Persons: —, Anna Mackenzie, Mackenzie, Mackenzie Sweetnam Janel Abrahami, doesn't, it's, divesting, Abrahami, Janel Abrahami, Janel Abrahami Mackenzie, who've, who's, " Mackenzie Organizations: Service, Business Locations: New Jersey, Australia

☆ Here's why the stock market is throwing a tantrum about new inflation data
▼ + stars: | 2024-09-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Core inflation rose unexpectedly, dashing hopes for a bigger rate cut from the Fed. US indexes slumped on Wednesday, with the Dow dropping as much as 600 basis points in the early morning as traders took a mixed-bag of inflation data. That's the lowest headline inflation rate recorded since early 2021. On the other hand, cutting interest rates by just 25 basis points means higher for longer interest rates. "Today's inflation data cemented in a 25 basis point cut next week 50 basis points in out the window," she added.

Persons: —, Julian Howard, Gina Bolvin, Preston Caldwell, Chris Zacarelli Organizations: Fed, Traders, Service, Dow, of Labor Statistics, GAM Investments, Bolvin Wealth Management, Labor Department, Morningstar, Independent

☆ Where are low-cost airlines cutting back now? New planes
▼ + stars: | 2024-08-30 | by ( Leslie Josephs | ) www.cnbc.com time to read: +5 min

In this article SAVEULCCJBLU Follow your favorite stocks CREATE FREE ACCOUNTJetBlue Airways, Spirit Airlines and United Airlines airplanes proceed to gates after landing at Newark Liberty International Airport in Newark, New Jersey on May 30, 2024. Airlines flooded the U.S. with flights this year, driving down fares particularly in the domestic market, where low-cost carriers concentrate, and weighing on carriers' revenue while costs have gone up. Spirit Airlines , JetBlue Airways and Frontier Airlines last posted annual profits in 2019, while larger carriers have returned to profitability. Now, some of those same airlines are dialing back their growth plans and deferring deliveries of new aircraft. Some airlines, like Frontier, have been active in sale-leasebacks, in which they sell planes to generate cash and lease them back.

Persons: Gary Hershorn, Cash, Barry Biffle, Biffle, Joanna Geraghty, —, AerCap, Gus Kelly, Eddy Pieniazek, Pieniazek, Alwyn Scott Organizations: JetBlue Airways, Spirit Airlines, United Airlines, Newark Liberty International Airport, Corbis, Getty Images Airlines, Frontier Airlines, roundtrip U.S, Airbus, New York, Pratt & Whitney, JetBlue, Airlines, Aircraft, Boeing, Max, Air Lease Locations: Newark , New Jersey, U.S, Mobile , Alabama

☆ As Trump flails and invites conspiracies, allies plea for him to stay on message
▼ + stars: | 2024-08-13 | by ( Kristen Holmes | Steve Contorno | ) edition.cnn.com time to read: +10 min

“There’s a lot of opposition to people just hearing what President Trump has to say,” Musk said. “President Trump prosecuted the case against Kamala Harris for over two hours yesterday in a record-breaking conversation on X Spaces. The Trump campaign has repeatedly featured Dion’s hit song, “My Heart Will Go On,” at rallies throughout 2023 and 2024. In a segment on Fox Business, Trump allies Larry Kudlow and Kellyanne Conway shared a message clearly tailored to their friend. “Don’t wander off, don’t call her stupid and all kinds of names, stay on message,” Kudlow said.

Persons: Donald Trump’s, Elon Musk, Musk, “, Trump, ” Musk, Kamala Harris, Harris, Joe Biden, Kamala, Walz, Steven Cheung, Biden, flailing, Brian Kemp of Georgia, Martin Luther King Jr, Donald Trump, ”, Steve Deace, “ Donald Trump, Celine Dion, Dion’s, Larry Kudlow, Kellyanne Conway, don’t, ” Kudlow, Conway, ” Conway, Kevin McCarthy, They’ll, Laura Loomer, Loomer, –, Ron DeSantis ’ Organizations: CNN, Elon, Trump, Republican Gov, Jobs, “, Saturday, Capitol, Fox Business, Republican, Mar, National Association of Black Journalists, Florida Gov Locations: Trump, Washington, Montana, ”, Bedminster , New Jersey, Michigan, Detroit

☆ Investor who owns both Starbucks and Chipotle on how she's viewing Niccol jumping over
▼ + stars: | 2024-08-13 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Starbucks sent shockwaves through the business world on Tuesday with its announcement that Chipotle CEO Brian Niccol would take the same role at the coffee chain, replacing Laxman Narasimhan. While Starbucks shareholders and Wall Street rejoiced , it's a double-edged sword for Tengler as a holder of both stocks. "While I cheered the move of Brian to Starbucks this morning, I mourned it at the loss at Chipotle." To be sure, Starbucks investors had to go through pain to get to this point. Heading into Tuesday's opening bell, the stock was down about 22% compared with when Narasimhan, the outgoing Starbucks CEO, took over in March 2023.

Persons: Laffer, Nancy Tengler, she's, Brian Niccol, Laxman Narasimhan, it's, Tengler, Brian, she'll, Chipotle, Niccol, nabbed, I'm, that's, —, Robert Hum, Tom Rotunno Organizations: Starbucks Locations: Chipotle, Seattle

☆ George Santos wants jury pool in his fraud trial questioned over their opinions of him
▼ + stars: | 2024-08-13 | by ( ) www.cnbc.com time to read: +2 min

Rep. George Santos (R-NY) leaves the U.S. Capitol after his fellow members of Congress voted to expel him from the House of Representatives on December 01, 2023 in Washington, DC. Former U.S. Rep. George Santos wants potential jurors in his September fraud trial to be questioned about their opinions of him. They cite more than 1,500 articles by major news outlets and a "Saturday Night Live" skit about Santos. "For all intents and purposes, Santos has already been found guilty in the court of public opinion," the defense memo filed last week reads. The public perception of Santos, they argue, is also "largely a product of his own making" as he's spent months "courting the press and ginning up" media attention.

Persons: George Santos, Santos, Joaquín, he's Organizations: U.S, Capitol, Washington , DC, Former U.S . Rep Locations: Washington ,, Long, York, New York

☆ Stock market today: Indexes close mixed before fresh inflation data
▼ + stars: | 2024-08-12 | by ( Max Adams | ) www.businessinsider.com time to read: +2 min

New inflation data will arrive on Tuesday with the producer price index report for July. AdvertisementUS stocks wavered on Monday, struggling to keep the rally that materialized at the end of last week going ahead of new inflation data for July. On Tuesday, investors will digest the first of two inflation data points due out this week. The producer price index, a measure of wholesale inflation, is expected to be in-line with the June data at 0.2%. The second update will be the main event, with the consumer price index set to show the rise in inflation faced by the average consumer last month.

Persons: —, Louis Nevallier Organizations: Traders, Service, Fed, Pentagon Locations: Here's, Iran, Israel, Tehran

☆ China's bond market is rattled as central bank squares off with bond bulls
▼ + stars: | 2024-08-12 | by ( ) www.cnbc.com time to read: +4 min

A "Buy Treasury bonds" poster is seen at a bank in Haian, East China's Jiangsu province, Aug 1, 2024. "We remain actively bullish," said a bond fund manager, undeterred by unprecedented government moves to cool the sizzling treasury market and arrest a plunge in yields, which move inversely to prices. Falling yields also complicate the People's Bank of China's (PBOC) efforts to stabilize the weakening yuan. Unlike the West, "China's financial markets, including the bond market, are subject to top-down regulation," said Ryan Yonk, economist with the American Institute for Economic Research. Late on Friday, the central bank said it will gradually increase the purchase and sale of treasury bonds in its open market operations.

Persons: Wang Hongfei, Ryan Yonk, Pan Gongsheng, Kiyong Seong, Tan Yiming Organizations: Bank of China's, American Institute for Economic Research, Societe Generale, Minsheng Securities Locations: Haian, East China's Jiangsu, Beijing, Shanghai, China, Asia

☆ A 26-year-old property owner shares his non-traditional approach to breaking into a red-hot housing market — even in one of the most expensive cities in the US
▼ + stars: | 2024-08-11 | by ( Christine Ji | ) www.businessinsider.com time to read: +7 min

His monthly mortgage, property taxes, and HOA fees came out to roughly $3,300 a month, documents viewed by Business Insider show. Advertisement"I knew going in that those TICs or those co-ops were definitely cheaper than an equivalent condo in San Francisco," Kaushik said. At the time, the 30-year average fixed rate was 3.22%, significantly lower than the current 30-year average fixed rate of 6.86%. Kaushik's fixed rate period is seven years, which means that after 2029, the rate could change based on market conditions. However, the fixed rate period allows homeowners to pay a lower mortgage rate than if they had a traditional mortgage.

Persons: —, Gen, pesky, Anirudh Kaushik, Kaushik, Kaushik's, he's, He's Organizations: Service, Business, Fed, San Locations: San Francisco, Bay, Francisco, HOA, New York, California

☆ Promises of happier, healthier living drove tourists to Costa Rica in droves. Now, locals say the Blue Zone lifestyle is dying out.
▼ + stars: | 2024-08-10 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

Tourists are flocking to Costa Rica, with visitors trying to get a taste of the Blue Zone lifestyle that promises better-than-average health and longevity. Researchers from Stanford have studied the Nicoya Blue Zone. "It's not uncommon to see people in Nicoya live to be in their 90s, but we're seeing that number slip back down into the 80s." AdvertisementStill, if you're in the region, you will probably see a lot about the Blue Zone as a selling point driving more tourism. "A lot of people are using it for their business — Blue Zone this, Blue Zone that — I'm sure they know what it means, but the lifestyle is something that's fading, unfortunately, because it was all the old-timers keeping it alive," Jones told BI.

Persons: Costa, Thomas Jones, it's, —, Jones, Juan Gabriel, Gabriel, he's, David Rehkopf, Luis Rosero, there's Organizations: Service, Central, Business, Tourism, Bahia Rica, Stanford, Stanford Medicine Magazine, Stanford School of Medicine Locations: Costa Rica, Nicoya, Central American, Paquera, Germany, Spain, France, Norway, Bahia, Costa Rican

☆ There's a double-edged sword high performers face at work, and it's costing employers their talent
▼ + stars: | 2024-08-07 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

High-performing women have it the worst, the analysis found, with 38% of language used in their performance reviews containing exaggerations, clichés, and fixed-mindset labels. Poor feedback is bad for retentionGood-quality feedback is vital to keep top talent. Separate Textio research from 2023 found that workers who receive poor feedback are 63% more likely to leave their jobs within a year. The consequences of poor feedback can also be severe and wide-ranging, Murphy said. "Performance feedback should be delivered in real time whenever possible rather than waiting for a year-end review," Rosen said.

Persons: —, Ylva, That's, Baeckström, Tanner, Cheryl L, Mason, Courtney Murphy, incentivizes, Murphy, plateauing, Diane Rosen, Rosen Organizations: Service, Business, King's College London, Workers, Catalyst, Management, People Solutions

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