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Mortgage rates for October 13, 2024, are flat around 6.20%, according to Zillow data. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-Year Mortgage Rates TodayAverage 30-year mortgage rates are hovering near 6.20% today, according to Zillow data. 15-Year Mortgage Rates TodayAverage 15-year mortgage rates remain in the mid 5% range, according to Zillow data. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data.

Persons: they've, you'll, Freddie Mac, it's, They'll Organizations: Zillow, Fed Locations: Chevron

☆ 6 kitchen trends interior designers are excited about right now, and 3 that are out
▼ + stars: | 2024-10-13 | by ( Alyssa Towns Swantkoski | ) www.businessinsider.com time to read: +1 min

Business Insider asked interior designers to share the best and worst kitchen trends for fall. 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 . After all, although timelines vary by city and project, kitchen renovations can take around four to eight weeks. Business Insider spoke with interior designers to get their takes on the latest trends.

Persons: — Organizations: Service, Business

☆ Stanley cups are 'on the way out' along with skinny jeans, wealthy teens say
▼ + stars: | 2024-10-13 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

At the same time, the brand's popularity may have peaked and is "on the way out," teens said in the firm's annual survey. While Stanley's multi-colored insulated cups still have considerable caché, upper-income teens told Piper Sander that the products could soon see the same fate as skinny jeans. Upper-income male teens surveyed ranked Stanley cups as their fifth-most fashion trend on the way out. Keith told Business Insider the survey's fashion trend question is open-ended, meaning that respondents are not prompted by a list of options. "They really kind of struck gold with these larger, thick cups, with the handle and a straw," Keith told BI.

Persons: Piper Sandler, Stanley, —, Piper Sander, Peter Keith, Alexia Morgan, Keith, doesn't, weren't, Piper Sandler's, Morgan, hasn't, Dominick Organizations: Service, CNBC, PMI

☆ What 3 new national polls reveal about the state of the 2024 race
▼ + stars: | 2024-10-13 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Vice President Harris and former President Trump remain locked in a tight contest ahead of November. Harris leads in two new national polls, while both candidates were tied in a third survey. AdvertisementIn the latest CBS News/YouGov poll, Harris had a three-point lead over Trump (51% to 48%) among likely voters. In several swing-state polls, Harris has had some success in pulling closer to Trump on the economy. In the NBC News poll, Harris had a five-point lead over Trump on which candidate represented change (45% to 40%).

Persons: Harris, Trump, —, Kamala Harris, Donald Trump, Joe Biden, Biden, Harris —, She's Organizations: Service, CBS, Trump, ABC, NBC, Democratic, NBC News Locations: battlegrounds, Arizona , Pennsylvania, Wisconsin, Arizona, Nevada, Gaza

Facebook wants to win back Gen Z users by transforming itself into more of a tool for young people to navigate adulthood better. The social media platform announced a redesign last week that caters to what execs believe younger people want to see more of. But Meta, the parent company of Facebook, noticed that young adults active on the platform tend to use its community-centric features like Facebook Marketplace and groups. “One is just: What do young people want — particularly young adults, Gen Z, ages 18 through 29 — from a social app these days? “Nearly all Facebook users are telling us they’re there to keep up with friends and family.

Persons: Tom Alison, Gen, ” Alison, Colleen McClain, “ Young, ” McClain, Zers, ”, Cami Thorstenson, Thorstenson, She’s, Erin Carter, —, ” Gabrielle McKay, Meta, “, it’s Organizations: Facebook, ” Banking, Pew Research Center, New Locations: Minneapolis, North Carolina, New York, New York City

See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's interest rates will affect your monthly payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are around 6.20%, according to Zillow data. In September, 30-year refinance rates averaged 5.89%, while 15-year refinance rates were around 5.19%. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. Now that the Fed has cut rates, mortgage rates may not drop much in October.

Persons: you'll, Freddie Mac, it's, they've Organizations: Fed, Zillow Locations: Chevron

☆ Insider Today: Hallways are disappearing
▼ + stars: | 2024-10-12 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +7 min

This post originally appeared in the Insider Today newsletter. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. More of this week's top reads:AdvertisementThe Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York City.

Persons: —, Chelsea Jia Feng, Imani Bashir, it's, Bashir isn't, They've, Rebecca Zisser, Issa Issa Rae, Issa Rae, There's, Rae, Issa Rae's, Cate Blanchett, Kevin Kline, Menendez, Ryan Murphy, Jose, Kitty Menendez, Lyle, Erik, Abbott, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Amanda Yen, Grace Lett Organizations: Business, Service, BI, DC, Getty, HBO, Apple, Netflix, ABC Locations: Mexico, Washington, Hulu, New York City, New York, Chicago

☆ A 32-year market vet shares 5 labor market indicators showing the US economy is barreling toward a recession — putting an overvalued stock market at risk for major declines
▼ + stars: | 2024-10-12 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

This is while S&P 500 valuations remain high, putting the market at risk for big declines. In a September note, Wolfenbarger shared the below chart from Bank of America showing 19 of 20 valuation measures they monitor as being overvalued. That means the S&P 500 would have to fall 60% just to return to the historical average. But it's still unclear how accurate the September jobs data is. Future revisions and further lackluster jobs data could resume investor fears that a downturn is a serious potential threat.

Persons: Jon Wolfenbarger, —, Merrill Lynch, St, Louis Fed, Wolfenbarger, September's, it's, David Rosenberg Organizations: Service, Federal Reserve, Bureau of Labor Statistics, JPMorgan, Conference Board, Global, Bank of America, Rosenberg Research, Nvidia Locations: St

☆ These 10 watches make the smartest investment pieces
▼ + stars: | 2024-10-12 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

The secondary watch market has declined over the past two years. But watches from the Big Three brands — Rolex, Patek Phillipe, and Audemars Piguet — are still reselling for higher than their retail prices. Advertisement2024 has not been kind to the watch market. Meanwhile, inventory is flooding the resale market as those who purchased watches as an investment when the market was hot rush to cash out. Prices on the secondary market are dictated by supply and demand.

Persons: Patek Phillipe, —, Morgan Stanley, Patek Philippe, Charles Tian, Audemars, Paul Altieri, Tian, Rüstmann, Chrono24 Organizations: Big, Rolex, Service Locations: WatchCharts

☆ America's offices are about to see a wave of distress that could result in a billion square feet of fresh housing supply
▼ + stars: | 2024-10-12 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

Advertisement"The banks are going to have to dispose of that real estate," Barkham told Business Insider in an interview. John Vavas, a real estate finance attorney at Polsinelli who works with commercial real estate lenders, has worked on a handful of office-to-residential conversion deals this year. There's around 1.2 billion square feet worth of office space that could be spun into residential space, Yardi said in a separate report. Late payments on commercial real estate loans have climbed to 1.42% in the second quarter, the highest rate in nearly 10 years. Commercial real estate prices, meanwhile, dropped another 9% year-over-year in the first quarter, Fed data shows.

Persons: —, Richard Barkham, Barkham, RentCafe, John Vavas, Yardi, Vavas Organizations: Service, Federal, Silverstein Properties, Washington DC Locations: New York, United States, New York City, Dallas, Chicago, Los Angeles

☆ Airfares to this glamorous beach destination just got cheaper
▼ + stars: | 2024-10-12 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

CNN —In travel news this week: fat bears, hungry raccoons, an R-rated flight movie mishap and the best-value air travel destinations for Americans in the year ahead. Top of the list is the Mediterranean resort city of Nice, a much-loved playground for visitors to the French Riviera. Fares to the city fell by 27% in the first half of 2024, compared with the same period the year before. Fares to its capital, Rabat, have dropped by 24%, meaning you’ll have more to spend when you get there. Rounding out the top five is a US domestic destination: Fargo, North Dakota (-24%).

Persons: It’s, Hurricane Helene, Lucia, Alaska’s, Taylor Swift, ” Organizations: CNN, Southeastern, Boeing, Flames, Frontier Airlines, Atlanta’s Hartsfield, Jackson International, Qantas Airways, Spirit Airlines, US Army Locations: Southeastern United States, Hurricane Milton, Hurricane, United States, Nice, Castries, St, Bridgetown, Barbados, Morocco, Rabat, Fargo , North Dakota, Argentina, Washington, Thailand, New York, Bangkok, Sydney, American, Las Vegas, Tokyo, South Korea, Nepal, Canada, Soviet Central Asia

The S&P 500 and Dow Jones Industrial Average powered to new highs on Friday and capped off a winning week as banking behemoths ushered in a promising start to the third-quarter earnings season. The broad index gained 0.6% to end at 5,815.03, while the Dow rallied 409.74 points, or nearly 1%, to finish at 42,863.86. The S&P and Nasdaq jumped 1.1% each, while the Dow toted a 1.2% gain. A strong start to the third-quarter earnings season provided a lift to stocks. That included a cooler-than-expected September producer price index reading after the consumer price index increased slightly more than expected.

Persons: —, ”, Craig Sterling, JPMorgan Chase, Wells, Kim Forrest, Forrest, Stocks, Goldman Sachs, David Russell, “ Organizations: Dow Jones Industrial, Dow, Nasdaq, JPMorgan, Bokeh Capital Partners, “, Federal, Federal Reserve

☆ Investors should buy the dip on any potential year-end corrections, says Christian Mueller-Glissmann
▼ + stars: | 2024-10-11 | 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 EmailInvestors should buy the dip on any potential year-end corrections, says Christian Mueller-GlissmannChristian Mueller-Glissmann, Goldman Sachs head of asset allocation research, joins 'Squawk Box' to discuss the latest market trends, why he believes market risks may drive a correction into the end of the year, whether investors should buy the dip, and more.

Persons: Christian Mueller, Glissmann Christian Mueller, Glissmann, Goldman Sachs

☆ I'm the Kardashians' private chef of nearly a decade. I like to stay out of the spotlight.
▼ + stars: | 2024-10-11 | by ( Jamie Killin | ) www.businessinsider.com time to read: +8 min

AdvertisementThis as-told-to essay is based on a conversation with Khristianne Uy, known as Chef K, a 42-year-old private chef for celebrities based in Los Angeles. I was introduced to working as a private chef through someone I met at work. Related storiesIn 2003, I did a one-year unpaid internship with a seasoned private chef to advance my career. Being a private chef is different because there's no egoYou have to get curious about what your clients want and ask them how you can improve. There's so much on the horizon, I'm working on a cookbook and some docuseries — maybe even my own reality show.

Persons: Khristianne, K, Kardashian, —, Khristianne Uy, It's, I'd, Simon Fuller, James Cameron's, Susan Cameron, There's, I've, Charlie Sheen, Jonas Brothers, Ryan Seacrest, there's, Ryan, Kris Jenner, it's, I'm, James Charles, Lauryn Haas Organizations: Service, lhaas Locations: Philippines, LA, Los Angeles, New York, California, Hulu, Japan

☆ We're hiking our Wells Fargo price target after the stock surged on earnings
▼ + stars: | 2024-10-11 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Wells Fargo reported results before Friday's opening bell. WFC YTD mountain Wells Fargo YTD Shares of Wells Fargo surged 6% on the release to more than $61. Wells Fargo Why we own it : We bought Wells Fargo as a turnaround story under CEO Charlie Scharf. We come away from the call feeling good not only about Wells Fargo's setup for next year. A resurgence in Wall Street dealmaking — both mergers and acquisitions and initial public offerings — will benefit Wells Fargo.

Persons: Wells, Wells Fargo, That's, Charlie Scharf, He's, Scharf, Charles Scharf, we've, Morgan Stanley, NII, Jim Cramer's, Jim Cramer, Jim Organizations: Investors, Wells, Federal Reserve, Bank of America, Citigroup, buybacks, Management, CNBC Locations: LSEG, Wells, Wells Fargo, reinvest, U.S, NII

☆ Rich people are obsessed with longevity. Luxury hotels are cashing in by charging guests up to $40,000 for IV drips and MRIs before they hit the pool.
▼ + stars: | 2024-10-11 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +5 min

Luxury hotels are offering guests longevity packages that can cost tens of thousands of dollars. AdvertisementFrom offering guests IV drips for hangovers to personalized nutrition programs and full-body MRIs, luxury hotels are upping their wellness game — and wealthy Americans are ready for it. "It's astounding the speed in which a new focus on longevity is rewriting the wellness market," she said. AdvertisementThe global wellness market — which encompasses beauty, healthy eating, spas, wellness tourism, personalized medicine, and more — was valued at $5.6 trillion in 2022, up from $3.4 trillion in 2013, according to the Global Wellness Institute. Luxury hotels want to cash in on the longevity trendBlink and you'll miss an announcement for a new longevity-themed program.

Persons: —, Bryan Johnson, Beth McGroarty, Mark Hyman, Tony Robbins, Sam Nazarian, Robbins, Nazarian, COVID Organizations: Service, Global Wellness Institute, Consulting, Clinique, Next, Bloomberg, Times Locations: Clinique La, Swiss, Dubai, St Kitts, sbe, London

☆ The best times to book travel for the holidays, according to Google Flights
▼ + stars: | 2024-10-11 | by ( Priyanka Rajput | ) www.businessinsider.com time to read: +1 min

Google Flights recently shared its 2024 travel trends report. According to the report, the best time to book plane tickets for Thanksgiving is early October. However, the company also suggested that prices would fall slightly in October, making it a good time to book flights. Whether you plan to travel to a new destination or visit family and friends, Google Flights analyzed four years of airfare data and produced a report highlighting the best times to book holiday tickets this year. AdvertisementBeginning with an overview of the best and cheapest days of the week to specific insights on domestic, international, and holiday travel, these are Google Flights' guidelines on when to book your tickets.

Persons: —, Hopper Organizations: Google, Service

☆ Earnings growth should continue to drive the S&P 500, says UBS
▼ + stars: | 2024-10-11 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

The S & P 500 touched a record in early trading and was headed for its fifth-straight winning week. Excluding the energy sector, S & P 500 profit growth should be 8-10%," the bank wrote in a note to clients. "Many of these companies are benefiting from continued strong growth in AI investment spending and monetization," UBS added. "In aggregate, the Magnificent 7 will account for 21% of S & P 500 profits in 2024 and closer to 25% in 2025." The bank sees the S & P 500 climbing to 5,900 by year end and 6,200 by June 2025.

Persons: Banks, Wells Organizations: UBS, Investors, JPMorgan Chase, Federal Reserve Locations: Wells Fargo, BlackRock

See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-Year Mortgage Rates TodayAverage 30-year mortgage rates are hovering near 6.20%, according to Zillow data. 15-Year Mortgage Rates TodayAverage 15-year mortgage rates are in the mid 5% range, according to Zillow data. Average Refinance Mortgage Rates TodayRefinance rates are a bit higher today after dropping in September. Last month, 30-year refinance rates averaged 5.89%, while 15-year refinance rates were around 5.19%.

Persons: they've, you'll, Freddie Mac, it's, refinance Organizations: Fed, Federal Reserve, Zillow Locations: Chevron

☆ Ozempic is driving up the cost of your health care, whether you can get your hands on it or not
▼ + stars: | 2024-10-11 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

About 165 million Americans rely on employer-sponsored health insurance and yet, workers may still not get the coverage they want — particularly when it comes to drugs like Wegovy and Novo Nordisk's diabetes drug Ozempic. One in three employees are looking for more resources to combat obesity, according to a recent report by consulting firm Gallagher. Glucagon-like peptide-1 treatments such as Wegovy and Ozempic, which mimic hormones produced in the gut to suppress a person's appetite, are considered game changers on this front. Already, prescription drug costs jumped 8.6% last year, due in part to a surge in the use of GLP-1 drugs, according to a recent report by Mercer. "It becomes a lifelong drug," said Gary Kushner, chair and president of Kushner & Company, a benefits design and management company.

Persons: Gallagher, Trilliant, Mercer, Sunit Patel, actuary, Gary Kushner Organizations: Finance, Security, Kushner & Company Locations: U.S, Mercer's

☆ Gabelli Funds' Macrae Sykes on top takeaways from bank earnings
▼ + stars: | 2024-10-11 | 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 EmailGabelli Funds' Macrae Sykes on top takeaways from bank earningsMacrae Sykes, Gabelli Funds portfolio manager, joins 'Squawk Box' to discuss bank earnings and latest market trends ahead of the opening bell on Friday.

Persons: Macrae Sykes

☆ Here are Thursday's biggest analyst calls: Nvidia, Microsoft, Netflix, CVS, Honeywell, Nike, AIG, Sunnova & more
▼ + stars: | 2024-10-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +14 min

Barclays upgrades CVS to overweight from equal weight Barclays said the stock is a "new margin story." JPMorgan downgrades Honeywell to neutral from overweight JPMorgan said it's downgrading the stock after 15 years with an overweight rating. UBS upgrades Tronox to buy from neutral UBS said it's bullish on the chemical manufacturer. "We upgrade shares of EVGO from Neutral to Buy, following the $1.05bn DOE loan conditional commitment announced last week. "Our bullish view of AIG reflects its outsized EPS growth, lower exposure to risks facing commercial lines carriers (casualty reserves and higher cat loads), high capital flexibility, and attractive valuation."

Persons: Morgan Stanley, Goldman Sachs, Goldman, it's bullish, Jefferies, TD Cowen downgrades, Cowen, Bernstein, Brinker, Kevin Hochman, Truist, it's, BIRK, Cantor Fitzgerald, Mara, Cantor, MARA, Wolfe, Google's, Satya Nadella, Lucas Jackson Organizations: Nvidia, Netflix, Barclays, JPMorgan, Honeywell, Microsoft, UBS, TD Cowen downgrades Pepsi, U.S, Department of Energy, DOE, RBC, PayPal, Cirrus, Bank of America, underperform Bank of America, Nike, Mara Holdings, AIG, DOJ, Google, Reuters Locations: EVGO, EAT's, LHX, New York City

☆ 12 top stocks to buy with up to 94% upside as markets reach even higher highs in 2025
▼ + stars: | 2024-10-10 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Here are 12 smaller stocks to buy with up to 94% upside, according to Oppenheimer. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Although Oppenheimer still prefers large stocks over SMID-caps, the firm sees ample opportunities in that less-loved part of the market. AdvertisementThere are 25 stocks on Oppenheimer's latest SMID-cap list, including 12 new entries that weren't on the second- or third-quarter editions. Those new stocks are below — sorted in alphabetical order by growth theme — along with each one's ticker, market capitalization, sector, growth theme, price target, upside, and commentary.

Persons: Oppenheimer, —, Russell Organizations: Service, Dow Jones Locations: uptrends

☆ Stocks making the biggest moves midday: First Solar, Tesla, CVS, TD Bank and more
▼ + stars: | 2024-10-10 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: First Solar — The solar stock slipped 8%, on pace for its worst day since July 15, after Jefferies cut its price target on the stock and said it expects First Solar's third-quarter report to disappoint. Tesla — The stock was little changed ahead of the electric vehicle maker's robotaxi event Thursday after the bell. Investors expect Tesla to announce a Cybercab robotaxi prototype alongside advancements in driver assistance features and artificial intelligence capabilities. CVS Health — The pharmacy chain's stock rose 1.8% following an upgrade at Barclays to overweight from equal weight. PayPal — The payments platform stock slipped 2.9% following a Bernstein downgrade to a market perform rating from outperform.

Persons: Jefferies, Stifel, Piper Sandler, Tesla, Bernstein, Harshita Rawat, Venmo, — CNBC's Lisa Han, Sean Conlon, Sarah Min, Hakyung Kim, Michelle Fox Organizations: Enphase Energy, Dominion Bank, Street Journal, GXO Logistics —, Bloomberg, Logistics, American, JPMorgan, CVS Health, Barclays, CVS, Genomics, PayPal Locations: Toronto, Canadian

☆ Girard: The Fed focuses on core CPI, excluding food and energy prices
▼ + stars: | 2024-10-10 | 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 EmailGirard: The Fed focuses on core CPI, excluding food and energy pricesMichelle Girard, Head of NatWest Markets, highlights the importance of core CPI for the Federal Reserve in assessing inflation trends.

Persons: Michelle Girard , Organizations: Girard, Michelle Girard , Head, NatWest Markets, Federal Reserve

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