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☆ How to make the Fed rate cut work for you
▼ + stars: | 2024-09-18 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +11 min

In its August survey of car shoppers, a majority (64%) said a Fed rate cut likely would affect the timing of their purchase. But here’s the thing: Car loan rates are pretty high — the average is 7.1% for new cars and 11.3% for used cars, according to Edmunds. If you do buy a home this year and are considering buying down points to reduce your mortgage rate, crunch some numbers first, Diodato advised. That’s because you will pay thousands of dollars to buy down your mortgage rate now, and then thousands more in fees to refinance. What to do if you’re not near retirement: Reconsider how much money you’re keeping in cash or cash-equivalent investments.

Persons: Jerome Powell, Powell, “, ”, Greg McBride, McBride, Chris Diodato, Jessica Caldwell, ” McBride, Caldwell, We’re, Diodato, you’ll, won’t, Kathy Jones, Jones Organizations: CNN, Federal Reserve, Bankrate.com, Fed, Treasury, FDIC, Schwab Center, Financial Research, AAA, Bond Locations: Edmunds, Schwab.com

☆ Judges keep failing to disclose their trips and gifts. Don't expect it to stop anytime soon.
▼ + stars: | 2024-09-18 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

"Federal judges are gods, and they can get away with anything," Rahmani said. More than 30 conservative federal justices, members of Scalia's family, and several fellow members of the conservative Federalist Society also attended, ProPublica reported. Earlier this summer, President Joe Biden called on Congress to implement term limits and an enforceable code of ethics for Supreme Court justices. AdvertisementThe nine Supreme Court justices did agree to a code of conduct last year, modeling their new guidelines after the rules that govern federal judges. California Rep. Adam Schiff introduced a bill earlier this year that would expand penalties for federal judges who violate ethics rules.

Persons: —, Aileen Cannon, ProPublica, Cannon, Judge Cannon, America's, Clarence Thomas, Harlan Crow, Samuel Alito, Rahmani, Antonin Scalia, Impeaching, Scott Lemieux, John J, SCOTUS, Joe Biden, Rahamni, Adam Schiff, Lemieux Organizations: Service, Trump, Business, Southern, Southern District of, Supreme, Law and Economics, George Mason University, Federalist Society, University of Washington, Los Angeles litigator Locations: Southern District, Southern District of Florida, Bali, Los Angeles, California

And yet an unusual air of uncertainty overhangs this week's meeting: It’s unclear just how large the Fed’s rate cut will be. Wall Street traders and some economists foresee a growing likelihood that the central bank will announce a larger-than-usual half-point cut. Many analysts foresee a more typical quarter-point rate cut. This week's move is expected to be only the first in a series of Fed rate cuts that will extend into 2025. Over time, Fed rate cuts should lower borrowing costs for mortgages, auto loans and credit cards, as well as for business loans.

Persons: Donald Trump's, Kamala Harris, Jerome Powell, —, Powell, Jackson, Freddie Mac Organizations: WASHINGTON, —, Federal Reserve, Wall Street, Companies, Associated Press Locations: Jackson Hole , Wyoming

7:02 a.m.: JPMorgan hikes Roku price target Roku's focus on monetization for its Platform segment may spell good news for the stock. Analyst Cory Carpenter kept his overweight rating on the stock but upped his price target by $10 to $90. "We believe Lilly's launch of an obstructive sleep apnea (OSA) indication for its GLP-1 medication tirzepatide poses significant patient funnel disruption/distortion risks," the analyst wrote. Analyst Sara Senatore upped its price target by $6 to $118, which implies more than 22% upside from Tuesday's close. "Licensing China would also allow SBUX management to train its focus on the US (73% of 2023 EBITDA before corporate expenses)," the analyst wrote in a Wednesday note.

Persons: Goldman Sachs, Cory Carpenter, Carpenter, Roku, TTD, they've, — Sean Conlon, Wolfe, Resmed Wolfe, Mike, Eli Lilly, Sara Senatore, Senatore, Brian Niccol's, Lizzie Dove, Hilton, Dove, Adrienne Yih, Yih, Fred Imbert Organizations: CNBC, Marriott International, Barclays, Corp, JPMorgan, Google, Amazon, Bank of America, Marriott, Wyndham, Hilton, VF Corp Locations: Starbucks, China, Tuesday's, Timberland, VFC

☆ America is ready to go big on AI infrastructure
▼ + stars: | 2024-09-18 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Its backers have committed to driving the "significant infrastructure investment" needed to make AI more powerful. Critically, the firms behind the fund said these infrastructure investments "will be chiefly in the United States," where it plans to fuel AI innovation and economic growth. It will also fund the energy infrastructure needed to power them. AdvertisementData centers, chip manufacturing plants, and energy supply are all vital for making AI tick. AdvertisementThe headline result was the launch of a new task force on AI data center infrastructure, designed to underscore the vital importance of building out the infrastructure needed to maintain momentum in the generative AI race.

Persons: —, MGX, Brad Smith, Lindsey Wasson, TSMC, Justin Sullivan, Getty, CBRE, Nvidia's Jensen Huang, Sam Altman, Gina Raimondo Organizations: Service, Microsoft, BlackRock, Business, Global Infrastructure Partners, REUTERS, US, Nvidia, Congress, Financial Times, Big Tech Locations: Taiwan, China, United States, Abu Dhabi, Chicago, Northern Virginia, Washington

☆ Nvidia vs. Alphabet: Fund manager reveals which to hold, and which to sell
▼ + stars: | 2024-09-18 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Google-parent Alphabet has long been an investor favorite among tech stocks, but one portfolio manager says he's now steering clear. Shares in Alphabet are up around 13% year-to-date and trade around 20.6 times forward earnings, according to FactSet data. 'Core investments' Beyond Alphabet, Cvetanovski remains bullish on other tech stocks, naming Nvidia , Vertiv , ASML , Taiwan Semiconductor Manufacturing Co and Schneider Electric as his "core investments." Nvidia is trading at over 41 times forward earnings, according to FactSet data. Analysts' average price target is $149.49, giving it 28% potential upside, FactSet data shows.

Persons: he's, We've, SearchGPT, Jordan, OpenAI, Cvetanovski, we've, — CNBC's Jennifer Elias Organizations: Google, Microsoft, Pella Funds, Apple, Nvidia, Taiwan Semiconductor Manufacturing Co, Schneider Electric Locations: Sydney, Pella, Cvetanovski, ASML

☆ 'The White Lotus' star Natasha Rothwell was used to playing the funny sidekick. So she wrote herself a starring role.
▼ + stars: | 2024-09-18 | by ( Marissa Evans | ) www.businessinsider.com time to read: +11 min

The most painful scene for Natasha Rothwell to write in her new Hulu series "How to Die Alone" was the most personal one. And now, finally, Rothwell is in a starring role — one she wrote herself, that weaves hard-won lessons from her personal life into her character's story. Natasha Rothwell with Jennifer Coolidge in season one of "The White Lotus." I'm supposed to help a white protagonist get theirs and you know very little about me," Rothwell tells BI. I think that is one option for sure, but I think life is less rich and there's less joy that you have access to if you don't allow yourself to risk being vulnerable.

Persons: Natasha Rothwell, Mel, she's, It's, Rothwell, Issa Rae's, —, Kelli Prenny —, Jennifer Coolidge, Mario Perez, I'm, Marissa Evans, aloneness, it's, we're, Ian Watson, We've, Nancy Meyers, Nora Ephron, Kamala, unapologetically, you've, let's, I've, pleaser Organizations: Service, HBO, Peabody, Hulu Locations: Bronx, Japan, Thailand

☆ I lived and traveled abroad for 7 months using credit-card points. My stash of miles meant I barely had to pay anything out of pocket.
▼ + stars: | 2024-09-18 | by ( Anny Caba | ) www.businessinsider.com time to read: +5 min

Read previewThe idea to move from New Jersey to Buenos Aires came to me one afternoon while watching the Diego Maradona (famed Argentine soccer player) biopic series on Amazon Prime. Within a year, I had enough to book a one-way United flight to Buenos Aires for 33,000 miles (plus $5 in taxes). AdvertisementMy points took me all around Argentina — and into other South American countriesMy home base for the next seven months was Buenos Aires in Argentina. One of the highlights of my seven months abroad was celebrating Argentina's World Cup win at the Obelisco Buenos Aires and chanting the national song alongside 5 million local fans. They don't pay for everything, but they make massive undertakings (like moving abroad for seven months) more seamless than ever before.

Persons: —, Diego Maradona, Anny, I've, El, São Paulo, Anny Caba, Mendoza Organizations: Service, Amazon Prime, Business, Venture, United Airlines, Argentina — Locations: New Jersey, Buenos Aires, Argentine, Dominican, Argentina, South America, Brazil, Chile, Bariloche, Iguazu, Mendoza, Ushuaia, Rio de Janeiro, Dominican American Spanish, Anny

☆ I added my divorce to my LinkedIn profile — here's why
▼ + stars: | 2024-09-18 | by ( Karl Dunn | ) www.businessinsider.com time to read: +6 min

My divorce was the worst job I've ever had. So, like any job I've had, I decided to put my divorce on my LinkedIn résumé. I added my divorce to my LinkedIn 2 weeks agoDivorce hits different people differently. When I had the idea to put my divorce on my LinkedIn, I debated it for weeks. AdvertisementSo while divorce was the worst job I ever had, it was also one of my greatest teachers, which is why I put it on my CV.

Persons: —, I've, That's, couldn't, doesn't, who's, I'd, Karl Dunn Organizations: Service, Business, Hearst Publications, LinkedIn Locations: America, California, Berlin, Los Angeles

☆ Ukrainian boxing champion Oleksandr Usyk released after ‘misunderstanding’ which led to detention in Poland
▼ + stars: | 2024-09-18 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —Undisputed heavyweight boxing champion Oleksandr Usyk was released after being detained by law enforcement at Krakow Airport in Poland, Ukraine President Volodymyr Zelensky said on Wednesday. Speaking on social media, Usyk – the undisputed heavyweight champion – said “a misunderstanding took place” but that the incident “was quickly resolved.”“Thanks to all who got concerned. Usyk speaks to reporters after becoming the undisputed world heavyweight champion earlier this year. Earlier this year, Usyk beat Tyson Fury in a razor-thin split decision to become the undisputed heavyweight world champion. He became the first undisputed champion since Lennox Lewis 25 years ago, with the Briton winning all three belts available at that time.

Persons: Oleksandr Usyk, Volodymyr Zelensky, Zelensky, ” “, Andrii Sybiha, Ihor, ” Zelensky, ”, Usyk, –, Usyk’s, Yekaterina, Nick Potts, Sybiha, We’ll, Tyson Fury, Lennox Lewis Organizations: CNN, Krakow Airport, Foreign Affairs of Ukraine, Internal Affairs of Ukraine, Polish Police, Usyk Foundation, Briton Locations: Poland, Ukraine, Kraków, Ukrainian

☆ OpenAI's power players: Meet the 20 leaders helping shape the future of the AI giant
▼ + stars: | 2024-09-18 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +18 min

Last November, the sudden ouster of CEO Sam Altman and the resulting revolt by most of its employees cast doubts on the future of the world's most prominent AI company. While by no means a comprehensive list, below are some of the key power players who are helping to determine OpenAI's future. He took over for his former boss, Jason Kwon, who has since become the company's chief strategy officer. She's also been referred to as OpenAI's "minister of truth" for her efforts to ensure the company's AI products aren't deceptive or biased. ResearchJakub Pachocki, Chief ScientistRelated storiesPachocki joined OpenAI's research in 2017 after completing a PhD in computer science at Carnegie Mellon University.

Persons: —, Sam Altman, OpenAI, Sarah Friar, Friar, Goldman Sachs, She's, Jason Kwon, Kwon, Anna Makanju, Global Affairs Chris Lehane, Che Cheng, OpenAI's, Cheng, Mira Murati, Murati, Kevin Weil, Weil, Instagram, Peter Welinder, Peter Deng, Research Jakub Pachocki, Pachocki, Ilya Sutkever, Ilya, Mark Chen, Chen, Bob McGrew, Sam Altman's, Lilian Weng, Weng, Aleksandr Madry, Barret Zoph, John Schulman, Zoph, Alec Radford, Radford, Zico Kolter, Kolter, Paul Nakasone, Bret Taylor, Taylor, He's, Larry Summers, Fidji Simo, Melinda Gates, Nicole Seligman, Adam D'Angelo, Quora, Altman, D'Angelo, Andrea Appella, Haidee Schwartz, Schwartz, Akin Gump, She'll, Heather Whitney, Whitney, Morrison Foerster, Makanju, Sam, Biden, Chris Lehane, Lehane, Clinton Organizations: Service, OpenAI, Business, Microsoft, Apple, Google, Khosla Ventures, Global, Global Affairs, Amazon, supercomputing, Tesla, Meta, Twitter, ChatGPT Enterprise, Research, Carnegie Mellon University, MIT, Facebook, Security, Machine Learning Department, Carnegie Mellon Carnegie Mellon, Stanford, CMU, Safety, Security Committee, US Army, NSA, US Cyber Command, Defense Department, U.S, Melinda Gates Foundation, Global Competition, Netflix, Century Fox, Competition, Federal Trade Commission, New York Times, Harvard Law School, University of Chicago Law School, NYU, Canada, Global Policy, Public Affairs, House, Newsweek Locations: Europe, Washington, OpenAI, Silicon, Middle East, Asia, London, Chan, Airbnb

☆ London Fashion Week has plenty to celebrate on its 40th anniversary
▼ + stars: | 2024-09-18 | by ( Fiona Sinclair Scott | Leah Dolan | ) edition.cnn.com time to read: +15 min

London CNN —Against the backdrop of a challenging economic outlook for many brands — big and small — the 40th anniversary of London Fashion Week last week was certainly a time for reflection. Even Carly Marks, founder of avant-garde New York label Puppets and Puppets, chose London this season. But all eyes were on Burberry, undoubtedly the biggest brand on the London Fashion Week schedule, yet one that has been battling against sharply declining profits. To see the best bits of London Fashion Week, keep scrolling. Talia ByreErdem Jason Lloyd EvansSophistication, elegance and femininity were key themes at TOVE's third show at London Fashion Week.

Persons: Jonathan Anderson, JW Anderson, ”, Anderson, Victoria Beckham, Christopher Kane, Halpern, Molly Goddard, Rejina Pyo, hasn’t, David Koma, Daley, Queen Elizabeth II, Daley didn’t, Harry Styles, Anna Wintour, Emma Corrin, Nensi Dojaka, Carly Marks, Daniel Lee’s, It’s, Talia Byre, Sinead O’Dwyer, Ancuta Sarca, Paolo Carzana, Simone Rocha, Aaron Esh, Richard Quinn, Adonis, Di, Simone Rocha mused, Olsen, Chopova, JW Anderson Girliness, Simone Biles, Jordan Biles, Rebecca Andrade, Kamala Harris ’, America’s, “, Erdem, Marguerite Antonia Radclyffe Hall, John, Chopova Lowena, ruffles, Victor Virgile, Yuhan Wang, Olu Ogunshakin, Chris Yates, Talia Byre’s, Alaia Ali, Jane Couch, Bridget Riley, Wang, “ I’m, John Phillips, Alexander McQueen, Vivienne Westwood, John Galliano, Stella McCartney, —, Chet Lo, Dojaka, Calvin Klein, Hubert de Givenchy, Barry Keoghan, Dave Benett, Burberry Olivia Colman, Burberry, Burberry Burberry, James Manning, Isidore Montag, Daniel Lee's, Steven Stokey, womenswear, Francisco Gomez de Villaboa, Cris Fragkou SS Daley, Cris Fragkou HARRI, Eamonn M . McCormack, HARRI didn't, Joe Maher, James Mason, James Mason Quinn's, James Mason Erdem, suiting, Jason Lloyd Evans Moralıoğlu’s, Jason Lloyd Evans, Jason Lloyd Evans Chopova Lowena, Lowena, Hellman's, Marco Capaldo, 16Arlington, Arlington Dianna Agron, Lily Bloom, Dave Bennett, CompletedWorks, Ben Broomfield, Ben Broomfield Natasha Zinko's, Zinko, Stefan Knauer, Aldama, Ik Aldama, Henry Nicholls, Bella Hadid, Rihanna, Crocs, Francesco Zinno Talia Byre, Talia Byre Byre, Jeff Spicer Organizations: London CNN —, London, New York, Burberry, National Theatre, Royal Academy, Emirates, JW, Olympics, Erdem, Chris Yates Media, Arsenal, Pan, CNN, Getty, JW Anderson Lingerie, Clarks, London Fashion Locations: London, British, S.S, Italian, Di Petsa, Arlington, America, Dorchester, The Dorchester, Bloomsbury, AFP

☆ Sean ‘Diddy’ Combs to appeal his bail denial Wednesday in racketeering conspiracy and sex trafficking case
▼ + stars: | 2024-09-18 | by ( Dalia Faheid | ) edition.cnn.com time to read: +9 min

CNN —Sean “Diddy” Combs is expected Wednesday afternoon to appeal a federal judge’s decision to hold the hip-hop artist and music mogul without bail after he pleaded not guilty in federal court to charges of racketeering conspiracy, sex trafficking and transportation to engage in prostitution Tuesday. In court, prosecutors argued the music mogul should not be released because he had previously reached out to witnesses and victims. The judge told Combs there were no conditions she could find to assure her that he would appear in court if released. Combs’ lawyer Marc Agnifilo told CNN’s Kaitlan Collins on Tuesday night that Combs will likely not take a plea deal. The sex trafficking charge is based on allegations against a single, unnamed “Victim-I” from about 2009 up to about 2018, the indictment states.

Persons: Sean “ Diddy ” Combs, Andrew Carter, Combs, Carter, – Combs, Robyn Tarnofsky, Tarnofsky, Marc Agnifilo, CNN’s Kaitlan Collins, “, ” Agnifilo, Emily Johnson, Agnifilo, ”, Johnson, Prosecutors, —, ” Combs “, Casandra Ventura, Ventura, Douglas Wigdor, Sean Combs, won’t, ’, Combs ’ Organizations: CNN, Housing Unit, Metropolitan Detention, Homeland Security Investigations, Prosecutors, “, Combs Enterprise Locations: Brooklyn, Manhattan, New York, Miami, Los Angeles, Ventura

☆ Biotech stocks are an unappreciated way to profit from lower rates, Goldman says
▼ + stars: | 2024-09-18 | by ( Scott Schnipper | ) www.cnbc.com time to read: +3 min

Biotechnology stocks offer an under-the-radar and unappreciated way to profit from the central bank's looming campaign to start cutting the cost of borrowing, according to Goldman Sachs. Investors may have already begun to anticipate the effect of lower rates on some biotech companies. IBB .SPX mountain 2024-06-30 The iShares Biotechnology ETF has risen more than twice as much as the S & P 500 this quarter. The iShares Biotech ETF is up 7.7% this quarter while the Nasdaq Biotech Index has advanced 7.4%, more than double the 3.2% gain in the S & P 500 since June 30. Year-to-date, Regeneron is up 30.6% and Vertex by 18.3%, both outperforming the 18.1% rise in the S & P 500.

Persons: Goldman Sachs, John Flood, Goldman, Flood, Regeneron Organizations: Biotechnology, Federal Reserve, Gilead Sciences, Nasdaq Biotechnology, IQVIA Holdings, Regeneron Pharmaceuticals, Amgen, Vertex Pharmaceuticals, iShares Biotech, Nasdaq Biotech Locations: Gilead

☆ University of Tennessee to raise season ticket prices 10% in anticipation of revenue sharing
▼ + stars: | 2024-09-18 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +2 min

The University of Tennessee is raising its season ticket prices by 10% across all its sports to prepare for athletes to start to get a cut of the school's sports revenue, according to an email sent to football season ticket holders on Tuesday. Tennessee is calling its hike a "talent fee," and said it "will help fund the proposed revenue share for our student-athletes," according to the email. Athletic departments have been gearing up for revenue sharing after a proposed settlement involving three cases the NCAA is named in. "As the collegiate model changes, we have to remain flexible," Tennessee Athletic Director Danny White said in a video included in the email. Star athletes have been able to sign big endorsement deals, but universities have not started direct revenue sharing, which would benefit more student-athletes.

Persons: Nico Iamaleava, Danny White Organizations: Tennessee Volunteers, Duke's Mayo, NC State Wolfpack, Bank of America, The University of Tennessee, Athletic, NCAA, Power, Tennessee Athletic, College, Star Locations: Charlotte , North Carolina, . Tennessee, Tennessee, Sportico's

Learn moreUtah's Real Housewives return to TV tonight, and we'll show you everything you need to know about where to watch The Real Housewives of Salt Lake City, including international viewing options. First released in 2020, The Real Housewives of Salt Lake City is one of the more recent additions to the popular Real Housewives franchise. Where to watch the Real Housewives of Salt Lake City in the USThe new season of The Real Housewives of Salt Lake City airs Wednesday at 9 p.m. Check price at Peacock TVWhere to watch the Real Housewives of Salt Lake City in other countriesInternational Real Housewives fans in the UK, Australia, or other countries can stream The Real Housewives of Salt Lake City via Hayu. Real Housewives of Salt Lake City Season 5 trailerBravo released a sneak peek of the new season in August.

Persons: Lisa Barlow, Heather Gay, Meredith Marks, Whitney Rose, Angie Katsanevas, Jen Shah's, Mary Cosby, Bronwyn Newport, We've, Peacock, ExpressVPN, Bravo Organizations: Business, Housewives, Real, Real Housewives, Salt Lake City, Bravo, Sling, TLC, Fubo, NBC, Amazon Locations: Salt Lake City, Utah, Salt, City, Salt Lake, USA, RHOSLC, Australia, Hayu

☆ It's a tough time to be a manager in tech
▼ + stars: | 2024-09-18 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

It's not easy being a manager in the tech industry right now. Meta, Shopify, and other tech firms have also reduced management roles in a bid to boost efficiency. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! AdvertisementManagers may just have the toughest job in tech right now.

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

☆ What to do with your money as interest rates drop
▼ + stars: | 2024-09-18 | by ( Business Insider | ) www.businessinsider.com time to read: +4 min

The last time the Federal Reserve Board cut interest rates was in 2020. Read more on buying a house after interest rates drop »Read more on refinance rates after an interest rate drop »Your savings ratesExpect: Savings account and CD rates to start falling. Remember, though: High-yielding money market and savings accounts continue to outearn regular bank accounts even as rates drop. Read more on savings rates after an interest rate drop »Compare Banking OffersYour investmentsExpect: Short-term fluctuations that shouldn't affect long-term strategies. Read more on investing after an interest rate drop »Your credit card debtExpect: More of the same.

Persons: We're, Read, you've Organizations: Federal Reserve Board, Fed, overreacting, Federal

Limited-Time Deal Plex Lifetime Pass $95.99 $119.99 Save 20% A Plex Lifetime Pass grants you access to all of the Pass benefits without the need for a renewing monthly or annual fee. View at PlexNow through September 20, Plex is giving away 20% off a Lifetime Plex Pass with the promo code FOREVERPRO. Even though free Plex membership has its fair share of great benefits, a Plex Pass is well worth the price if you're an avid media watcher. How to get the Plex Pass dealGetting this Plex Lifetime Pass deal is as easy as signing up. When does the Plex Lifetime Pass deal end?

Persons: you've, Plex Organizations: Business, Hulu, Netflix, Amazon Prime Locations: Plex

☆ WNBA to add expansion team in Portland, bringing league to 15 franchises
▼ + stars: | 2024-09-18 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +2 min

The WNBA is adding its 15th team in Portland, the third new franchise as part of its most recent expansion, the league announced Wednesday. The Portland team will play in the Moda Center, the same arena as the NBA's Portland Trailblazers. Portland has had a WNBA team before, but it shut down after a few years in 2002. The addition of the new Portland team underscores booming growth for both the WNBA and women's sports in general. The 2024 WNBA season has seen record numbers for both in-person attendance and viewership, according to data from the WNBA for the start of the season.

Persons: Lisa Bhathal Merage, Cathy Engelbert, A'ja Wilson, Caitlin Clark, Angel Reese Organizations: Portland, RAJ Sports, WNBA, Moda Center, Women's Soccer League, Thorns, Sacramento Kings, Delta Air Lines Locations: Portland, Toronto

☆ The Fed goes big — a nice jumpstart to lowering mortgage rates and boosting housing plays
▼ + stars: | 2024-09-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

The Fed was widely expected to lower short-term interest rates, but the 25 basis points versus 50 debate raged right up until the announcement. Mortgage rates: We talked last week during our September Monthly Meeting about how housing activity can start to pick up when mortgage rates fall off their cycle highs to somewhere in the range between 5% and 6.5%. However, what the data shows is how sensitive activity is to every dip in mortgage rates. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jerome Powell, Stanley Black, Decker, Mortgage Banks, Jim Cramer's, Lisa Su, Oliver Garden, Jim Organizations: CNBC, ., Federal Reserve, Stanley, Mortgage, Micro, LongHorn, Darden, Jim Cramer's Charitable

☆ YouTube's product chief explains its approach to AI as the tech becomes a bigger part of content creation
▼ + stars: | 2024-09-18 | by ( Dan Whateley | ) www.businessinsider.com time to read: +4 min

At Google's Made on YouTube event on Monday, the product roadmap was clear: AI, AI, and more AI. But as AI tools become even more integrated into YouTube, one has to wonder: Will AI content ultimately overtake human content on the app, and does YouTube worry about that? That said, the company isn't opposed to allowing AI content to proliferate across the platform, Voolich said. Some influencers such as MrBeast and Dude Perfect are testing out AI tools as a means to work more efficiently. "YouTube very much puts its partners first," Voolich said, describing a group that includes music artists, video creators, and other creatives.

Persons: D4vd, Joe Ando, Johanna Voolich, Voolich, It's, it's Organizations: Service, YouTube, Google, Business Locations: ideation

☆ The SEC wants to make trading stocks cheaper for the average investor
▼ + stars: | 2024-09-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

The SEC on Wednesday approved a change that will allow some stocks to be quoted in half-penny increments. The measure will narrow bid-ask spreads and reduce costs for investors, the SEC said. AdvertisementThe US Securities and Exchange Commission has revamped how stocks get priced in an effort to reduce costs on investors. On Wednesday, the SEC voted to adjust market rules, so that some stocks will be quoted in increments of $0.005. AdvertisementPrior to Wednesday's vote, stocks had been priced at a one-penny minimum since 2005.

Persons: —, Gary Gensler, Gensler Organizations: SEC, Service, US Securities and Exchange Commission, Reuters, Ford, Wall, Commission

☆ Diddy's lawyers are headed back to court Wednesday to negotiate his release from jail on a $50 million bond
▼ + stars: | 2024-09-18 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +5 min

Read previewLawyers for Sean "Diddy" Combs are trying again Wednesday to keep him out of jail ahead of his criminal trial, asking another federal judge to accept a $50 million bond package. Tarnofsky's decision meant Combs would be in jail ahead of his criminal trial, which has not yet been scheduled. Related storiesAngifilio stressed at the Tuesday hearing and in court documents that Combs had taken extraordinary measures to cooperate with prosecutors for months. Carter, the district court judge, may now decide whether to reconsider the terms of Comb's release and set him free pending trial. Combs or prosecutors may also appeal Carter's decision to the US Second Circuit Court of Appeals, and from there to the US Supreme Court.

Persons: —, Sean, Diddy, Combs, Robyn Tarnofsky, Tarnofsky, Andrew Carter, Sam Bankman, Kelly, Ghislaine Maxwell, Michael Cohen, Marc Agnifilo, Cassie Ventura, Ventura, Agnifilo, Angifilio, Carter Organizations: Service, Business, of Prisons, Detention, Federal, Miami, Prosecutors, Metropolitan Detention, US, Circuit, Appeals Locations: Manhattan, Brooklyn's

☆ Why a 38-year-old earning a 6-figure salary doesn't have a college fund for her son: 'I expect him to get his own money'
▼ + stars: | 2024-09-18 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

It's how she's been able to obtain her Ph.D., secure a six-figure salary and purchase a small portfolio of investment properties all within the last 10 years. "I see money as a thing that you work really hard for," she says. But she's not currently putting aside any money to pay for him to go to college. "I don't expect to pay for my kid's college," she tells CNBC Make It. "I hope that he gets a scholarship, or he gets a loan so that he can pay for his own college."

Persons: Cristina Tello, Trillo, she's, Leo, Tello Organizations: U.S . Census, University of Maryland, CNBC Locations: Bethesda , Maryland

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