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☆ My family of 4 ate dinner at Hooters for the first time. Our $93 meal was a surprisingly good value.
▼ + stars: | 2024-09-19 | by ( Terri Peters | ) www.businessinsider.com time to read: +1 min

I take my family to chain restaurants in search of good value. 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 . At the same time, rising fast-food prices seem to only be making sit-down chains look like a way better value. Although I was never a big fan of sit-down restaurant chains, I recently began taking my family of four out to eat at them more often in search of good food and great value.

Persons: — Organizations: Hooters, Service, Business

☆ Market Open: September 19, 2024
▼ + stars: | 2024-09-19 | 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 EmailNews Update – Market OpenCNBC brings you fast, accurate, and actionable business news and market updates.

Organizations: CNBC

☆ An elite nutrition coach for Olympians and CrossFitters shares 3 simple things he prioritizes to boost his longevity
▼ + stars: | 2024-09-19 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +3 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMike Molloy is a nutrition coach to elite athletes and regular folk alike. This story is available exclusively to Business Insider subscribers. Having strong social connections is well-established as an important factor in longevity, and if your friends and family also encourage you to live a healthy life, all the better.

Persons: —, Mike Molloy, Molloy, Sleep Molloy Organizations: Service, Business, Research

☆ Goldman Sachs' Greg Tuorto: small caps are poised for powerful catchup trade
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs' Greg Tuorto: small caps are poised for powerful catchup tradeGreg Tuorto, Goldman Sachs Asset Management portfolio manager, joins CNBC's 'Money Movers' to discuss why he's bullish on small caps, what sectors he's keeping an eye on, and more.

Persons: Goldman Sachs, Greg Tuorto, Goldman Organizations: Management

☆ The detonation of pagers used by Hezbollah shows the depths of supply-chain infiltration
▼ + stars: | 2024-09-19 | by ( Lloyd Lee | Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe Tuesday attack in Lebanon, where hundreds of pagers used by the Iran-backed militant group Hezbollah simultaneously detonated, points to a highly sophisticated operation that likely required months of planning and an infiltration of a global supply chain, experts told Business Insider. This story is available exclusively to Business Insider subscribers. Spokespeople for the Israel Defense Forces and the US Department of Defense did not immediately respond to a request for comment from Business Insider. Business Insider was not able to reach BAC Consulting for comment.

Persons: —, Jones, Israel, Sean McFate, McFate, Robert Khachatryan, Cristiana Organizations: Service, Associated Press, Lebanese Health Ministry, AP, Business, New York Times, Israel Defense Forces, US Department of Defense, Armament Research Services, Syracuse University's Maxwell School of Citizenship, Public Affairs, Freight, Global Logistics, NBC News, Consulting, The New York Times, Taliban Locations: Lebanon, Iran, Israel, Taiwan, Hungary

☆ Jim Cramer explains why he's not worried about the Fed's aggressive rate cut
▼ + stars: | 2024-09-19 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

"You need to know that a rate cut is never bad for stocks, as long as it's telegraphed," he said. "A large rate cut, as long as it's communicated to the media with plenty of time in a considered way, is also acceptable." Investors were anticipating interest rate cuts for some time, with most convinced the Federal Reserve would issue a September cut, but unsure whether it would be by 25 or 50 basis points. By Thursday's close, Wall Street seemed more confident about the cut. Cramer added that a double rate cut means even more cash will flow in from the sidelines.

Persons: CNBC's Jim Cramer, Thursday's, Cramer, you'll Organizations: Federal Reserve, Dow Jones Industrial, Nasdaq, Fed, Big Tech Locations: homebuilding, cyclicals

Introduction to the federal funds rateDefinition and purpose of the federal fund rateThe federal funds rate, or fed funds rate, is the interest rate set by the Federal Open Markets Committee. The Federal Reserve lowered the federal fund rate on September 19, 2024, to stop aggressive inflation and prevent a recession. Today, the federal fund rate is 5.00%, with the federal fund target rate being 4.75% to 5.00%. How the federal funds rate worksThe federal funds rate, or the overnight rate, is the interest commercial banks charge when they lend money to one another for extremely short-term periods — literally, overnight. Federal funds rate FAQsWhat happens when the federal funds rate is high?

Persons: Karen Fernandez Tessa Campbell, Tessa Campbell, Tessa, she’s Organizations: Federal Reserve, Federal, Federal Open Markets, Fed, Market, Fed's, Governors, Federal Reserve Bank, Susquehanna University

☆ JPMorgan economist who nailed half-point call sees another big Fed rate cut in November
▼ + stars: | 2024-09-19 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

At its much-anticipated meeting Wednesday, the Fed approved a half percentage point, or 50 basis point, cut to its benchmark funds rate that ran counter to the 25 basis point move that many Wall Street economists and strategists had been expecting. The benchmark fed funds rate now stands at 4.75% to 5.00% after Wednesday's move. Futures market pricing Thursday suggested a 25 basis point move in November followed by a 50 basis point cut in December, according to the CME Group's FedWatch. A basis point equals 0.01%. "Ultimately what we found most important in what Powell said was also among the least surprising things he said: future decisions are going to depend on the data," Feroli wrote.

Persons: Michael Feroli, Feroli, Jerome Powell, Powell Organizations: Federal Reserve, JPMorgan, Fed, Street Locations: U.S

☆ Fed set the stage for extremely good equity action in 2025: Hugh Johnson Economics' chief economist
▼ + stars: | 2024-09-19 | 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 EmailFed set the stage for extremely good equity action in 2025: Hugh Johnson Economics' chief economistHugh Johnson, Hugh Johnson Economics chief economist, and Kevin Caron, Washington Crossing Advisors senior portfolio manager, join 'Power Lunch' to discuss the market's current momentum, their thoughts about the current economy, and more.

Persons: Hugh Johnson, Kevin Caron Organizations: Hugh Johnson Economics, Washington Crossing Advisors

☆ 9 cities where lower mortgage rates are actually pushing home prices more than 10% higher
▼ + stars: | 2024-09-19 | by ( Christine Ji | ) www.businessinsider.com time to read: +3 min

Read previewHomebuyers may have breathed a premature sigh of relief last month when mortgage rates dropped. In the last six weeks, mortgage rates have fallen over half a percentage point to 6.2%, according to Freddie Mac. AdvertisementAccording to Redfin Senior Economist Sheharyar Bokhari, prices are increasing because the drop in mortgage rates has spurred demand for houses while supply remains low. Year-over-year, prices rose in almost every one of the top 50 metro areas. Below are the 9 cities where home prices have risen the most in the last year, increasing at double-digit rates.

Persons: —, Freddie Mac, it's, Sheharyar, Bokhari, Skylar Olsen, homebuyers, Olsen, Austin — Organizations: Service, Fed, Business, Redfin Locations: San Antonio

☆ As a CEO, I don't share my personal life on LinkedIn. When my wife had another miscarriage, I posted about it so men know they're not alone.
▼ + stars: | 2024-09-19 | by ( Kelly Burch | ) www.businessinsider.com time to read: +1 min

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! 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. That changed earlier this month when I found myself struggling with a deep sadness after my wife, Kate, had her third miscarriage.

Persons: Daniel Robbins, Kate, — Organizations: Service, IBH, Business

☆ Hezbollah calls pager attack a 'declaration of war,' raising fears
▼ + stars: | 2024-09-19 | by ( Erica Star Domena | Tamara Lindstrom | ) www.businessinsider.com time to read: 1 min

This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.

Organizations: Business

☆ Don't ask OpenAI's new model how it 'thinks' unless you want to risk a ban
▼ + stars: | 2024-09-19 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Read previewOpenAI doesn't want you to know how its new AI model is thinking. "Given this, we are resetting the counter back to 1 and naming this series OpenAI o1," OpenAI said. The o1 model is able to reason more like humans, in part because of its prompting technique known as "chain of thought." AdvertisementWhen ChatGPT users ask the o1 model a question, they have the option to see a filtered interpretation of this chain of thought process. OpenAI acknowledged in the post that the decision to hide the o1 thought process from consumers has "disadvantages."

Persons: —, OpenAI Organizations: Service, o1, Business, Wired

☆ Dodgers’ Shohei Ohtani reaches 50-50 in spectacular style
▼ + stars: | 2024-09-19 | by ( Fabian Ardaya | ) www.nytimes.com time to read: +5 min

MIAMI — In the first season of a record-setting contract, without throwing a single pitch, Shohei Ohtani found a new way to amaze. Reaching 40 home runs and 40 steals in a single season faster than any player was impressive enough. “I’ve seen him do some amazing things both pitching and hitting through the years but the way he’s doing this run of 50/50 is truly amazing. AdvertisementAs Ohtani took his curtain call, Baumann stepped off the rubber to let the two-way star soak in the moment. You start to see him stealing bags early in the year, he’s gonna try to go 50-50 again.

Persons: Ohtani, ” Ohtani, Will Ireton, ”, Nez Balelo, “ I’ve, Skip Schumaker, Ohtani strode, Mike Baumann, Andy Pages, —, Baumann, authenticators, that’s, Dave Roberts, Barry Bonds, Brady Anderson, Dino Ebel, “, He’s, That’s, ” Said, Clayton McCullough, ” Ebel, “ Don’t, he’s, Chris Arjoon Organizations: MIAMI —, Miami, Dodgers, Athletic, Marlins, Major League Baseball, ” Dodgers, MLB Locations: loanDepot

☆ Trump Media stock drops as lockup expiration set to give the former president clearance to sell shares
▼ + stars: | 2024-09-19 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Shares dropped as much as 4% as a lockup period was set to expire. Following the lockup, Trump can dump his shares, though he's said he wouldn't sell. AdvertisementTrump Media & Technology Group shares dropped to their lowest level since the company went public earlier this year as a lockup period preventing insider selling was set to expire. The company went public in March, with shares spiking to all-time highs above $70 shortly after, before steadily declining in the following months. AdvertisementOnce the lockup period is over, the Republican presidential candidate has the all-clear to start selling his stock.

Persons: Trump, he's, — Organizations: Trump Media, Service, Trump Media & Technology Group, CNBC, Republican

CNN —A senior adviser to Israeli Prime Minister Benjamin Netanyahu has presented to the Biden administration a new proposed ceasefire and hostage deal with Hamas, an Israeli official told CNN. Reactions to the proposal have widely been that it will be a non-starter for Hamas, which has not commented on it. It is unclear whether the proposal addresses the presence of Israeli troops in Gaza after a ceasefire and hostage deal – a key sticking point in stalled negotiations. The Hostages Families Forum, which has been scathing about Netanyahu’s approach to hostage negotiations, welcomed the proposal. They cited Israel’s assassinations of Hamas leaders in foreign capitals, and said they believed Sinwar would prefer to die fighting Israel than to leave Gaza.

Persons: CNN —, Benjamin Netanyahu, Biden, Gal Hirsh, Netanyahu, Yahya Sinwar, Kan, Joe Biden’s, Hirsh, Roger Carstens, Gershon Baskin, Sinwar, ”, ” Baskin, Hitler, ” Hirsh Organizations: CNN, Hamas, Families, United Nations General Assembly Locations: Gaza, Israel, Israeli, Lebanon, New York, “

"Ultimately shirking fiduciary responsibility to employees, consumers, and shareholders." Twenty civil rights organizations sent a letter Thursday to Fortune 1000 companies calling for them to recommit to diversity, equity and inclusion, after several major companies scaled back their efforts. She emphasized that LGBTQ+ consumers have $1.4 trillion of buying power, as reported by the National LGBT Chamber of Commerce. But a small, well-funded, and extreme group of right-wing activists is attempting to pressure companies into abandoning their DEI programs. Abandoning DEI will have long-term consequences on business success -- ultimately shirking fiduciary responsibility to employees, consumers, and shareholders.

Persons: Bill Ackman, Molson Coors, Harley Davidson, George Floyd, Forman, Kelley Robinson, CNBC's, Robinson, Brown, Lowe's, John Deere, Harley, Davidson, Edelman Organizations: National Action Network, Molson, Ford, Tractor Supply, Human Rights, HRC, Brown, National LGBT Chamber of Commerce, Molson Coors, . Tractor Supply, Companies, McKinsey & Company, Pew Locations: New York City, Rural, United States

Amelia is the latest generative AI tool that Amazon has brought to market in the past year as it seeks to capitalize on the hype sparked by OpenAI's ChatGPT. The company has introduced an AI-powered shopping assistant named Rufus, a chatbot for businesses dubbed Q and Bedrock, a generative AI service for cloud customers. More than 400,000 of Amazon's millions of third-party sellers have used its AI listing tool, up from 200,000 in June, he said. With Amelia, Amazon is counting on generative AI to help with a key issue for third-party merchants — account troubleshooting. Amazon said the tool uses retrieval-augmented generation, or RAG, a popular AI industry framework that combines generative AI with long-established methods of information retrieval.

Persons: Nathan Stirk, Amelia, OpenAI's ChatGPT, Rufus, Anthropic, Andy Jassy, Jassy, Thos Robinson, it's, Dharmesh Mehta, Mehta Organizations: Getty, Central, CNBC, New York Times, Google, Microsoft, Merchants Locations: New York City, Seattle .

☆ LVMH's Bernard Arnault has gone from the world's richest person to flirting with 5th place after a $54 billion wipeout
▼ + stars: | 2024-09-19 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Bernard Arnault has gone from the world's wealthiest person to being on the brink of dropping to fifth. The LVMH CEO's net worth has tanked by $54 billion from its March peak, and $30 billion so far this year. 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 . AdvertisementBernard Arnault was the richest person on the planet six months ago; now he's flirting with fifth place.

Persons: Bernard Arnault, —, LVMH Moët Hennessy Louis Vuitton, Elon Musk, Jeff Bezos Organizations: Service, Tesla, Amazon, Bloomberg, Business Locations: Arnault

☆ Champions League Wednesday takeaways: PSG gets lucky, Manchester City and Inter misfire
▼ + stars: | 2024-09-19 | by ( George Ramsay | ) edition.cnn.com time to read: +6 min

CNN —The first round of Champions League matches continued on Wednesday with two of the competition’s biggest names – Manchester City and Paris Saint-Germain – in action. It was only thanks to an error from Girona goalkeeper Paulo Gazzaniga that PSG, beginning its latest quest for a maiden Champions League title, claimed the narrow victory in the 90th minute. City and Inter play out goalless draw in rematch of 2023 finalThe rematch of the 2023 Champions League final was expected to be the most exciting game of the night, seeing the English and Italian champions go head-to-head. Paul Ellis/AFP/Getty Images“We have the advantage to play at home, but I admire teams (like Inter) who defend well,” said City manager Pep Guardiola. Shakhtar, which will play its Champions League home games in Germany this season, had the best scoring chance early in the match, but Georgiy Sudakov’s penalty was saved by Bologna goalkeeper Łukasz Skorupski.

Persons: Germain –, Here’s, ”, Luis Enrique’s, Paulo Gazzaniga, Gazzaniga, Nuno Mendes, Ousmane Dembélé, Ladislav Krejčí’s, Enrique, Kylian Mbappé, “, “ They’re, doesn’t, İlkay Gündoğan, Yann Sommer, Erling Haaland, Kevin De Bruyne, Simone Inzaghi, Paul Ellis, Pep Guardiola, Jamie Gittens, Marcel Sabitzer, Gittens ’, Serhou Guirassy, Georgiy, Łukasz Skorupski, Giovanni Fabbian, Dmytro Riznyk, Tullio Puglia, Germain Organizations: CNN, League, Manchester City, Paris Saint, Europe, PSG bemoans, PSG, Girona, Champions League, Parc des Princes, Real, City, Inter, City –, Istanbul –, Inter Milan, Etihad, Man, Getty, Arsenal, Premier League, Milan, Derby, Madonnina, Borussia Dortmund, Club Brugge, Brugge, Dortmund, Schwarzgelben, Shakhtar Donetsk, Bologna, Shakhtar, UEFA, Shakhtar Donetsk Sparta Prague, Salzburg Paris Saint, Borussia Dortmund Celtic, Slovan Bratislava Manchester City Locations: Paris, Parc des, Real Madrid, Istanbul, AFP, England, Ukraine, Germany, Italy, Bologna

☆ Why Trump’s election fraud falsehoods might cost the GOP the House
▼ + stars: | 2024-09-19 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

CNN —Donald Trump’s obsession with election fraud that doesn’t exist in any significant form could drive the country into a government shutdown — and may even put the Republican House majority at risk. But given the tiny House GOP majority and Trump’s looming presence, every step the speaker takes will be perilous – especially if he hopes to cling to his job if Republicans succeed in holding the House in November. Trump seems to be setting the GOP up for an intra-party fight that could turn into a disaster in November. Win McNamee/Getty ImagesA potential self-inflicted wound for the GOP in Trump’s birth stateIronically, Trump was on Wednesday in the state where his stand could wreak the most political damage for House Republicans. Johnson has been happy to indulge Trump’s voter fraud claims – both after the 2020 election and this cycle.

Persons: Donald Trump’s, Mike Johnson, Trump, Johnson, shutdowns, isn’t, Mitch McConnell, ”, Win McNamee, Mike Lawler, Kaitlan Collins, ” Lawler, Marc Molinaro, ” Molinaro, –, we’ll, Marjorie Taylor Greene, Johnson –, —, Kevin McCarthy, Kamala Harris, Republicans don’t, Donald Trump, Frank Franklin II, it’s, relishes, Harris, Joe Biden’s, ” Trump Organizations: CNN, Republican, GOP, Democrats, Capitol, House Republicans, Congressional, New York Republican, Louisiana Republican, Georgia Republican, Democratic, Social Network, Republicans, SAVE, Nassau Coliseum, Trump, New, New York, State, Teamsters Union, “ Locations: Washington, Kentucky, New York, Uniondale, Uniondale , New York, Long, New York City, New, Florida

☆ Secret Service is investigating Elon Musk's 'Biden/Kamala' assassination tweet
▼ + stars: | 2024-09-19 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Read previewThe Secret Service is looking into Tesla CEO Elon Musk's tweet that questioned why no one was trying to assassinate President Joe Biden or Vice President Kamala Harris. According to Bloomberg News, the Secret Service declined to release information related to Musk's tweet over the weekend due to "enforcement proceedings." A Secret Service spokesperson said the agency knew of Musk's message but would not be offering further comment. As Bloomberg pointed out, the Secret Service often investigates direct and implied threats against the people they protect, including Biden and Harris. AdvertisementMost often, the worst that comes of it is a visit from a Secret Service officer.

Persons: —, Elon Musk's, Joe Biden, Kamala Harris, Donald Trump, Biden, Kamala, elissa M cKenzie,, ince, egan, ake, hite Organizations: Service, Bloomberg News, Business Locations: usk, ried, ut

☆ I spent over 5 years setting up new iPhones in Apple stores. Here's what launch day is like for employees.
▼ + stars: | 2024-09-19 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

In my nearly six years with the company, I worked in almost all of the Apple Store locations in the Dallas-Forth Worth area. Launch day preparations began a week ahead. They wanted to keep launch day special, with first reactions being from actual customers instead of Apple employees. Pretty much everyone was a salesperson on launch day. AdvertisementAnd then there were those who came in after launch day by accident — they were more interested in testing out the phones to see what they were all about.

Persons: —, weren't, We'd, You've, Apple Organizations: Service, Apple, Business, Apple Intelligence Locations: Texas, Dallas, Forth Worth, bro, California

☆ Jay Emmanuel-Thomas: Soccer player arrested in connection with almost $800,000 worth of cannabis seized at airport
▼ + stars: | 2024-09-19 | by ( Ben Morse | ) edition.cnn.com time to read: +2 min

CNN —Jay Emmanuel-Thomas, a soccer player who used to play for Premier League giant Arsenal, has been arrested after $795,300 (£600,000) worth of cannabis was seized at a British airport, the Carlisle Magistrates court confirmed to CNN. Emmanuel-Thomas – who also used to feature for current Premier League side Ipswich Town – currently plays for Scottish second-tier club, Greenock Morton. CNN has contacted Emmanuel-Thomas and Greenock Morton for comment. The NCA said Emmanuel-Thomas was taken to Carlisle in England to be questioned. His bail was refused and he will next appear in Carlisle Crown Court on October 18.

Persons: Jay Emmanuel, Thomas, Thomas –, Ipswich Town –, Emmanuel, Greenock Morton, Thomas ’, David Phillips Organizations: CNN, Premier League, Arsenal, Carlisle Magistrates, Crime Agency, London’s Stansted Airport, Emmanuel, Ipswich Town, Scottish, Greenock Morton, Carlisle Crown, NCA, Stansted Airport, Chelmsford Crown, Border Force, Bristol City, Queens Park Rangers, Cardiff City Locations: Carlisle, Gourock, Scotland, London’s, England, Bangkok, Thailand, Chelmsford

☆ Wedbush's McCanless on targets for the housing sector in 2025
▼ + stars: | 2024-09-19 | 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 EmailWedbush's McCanless on targets for the housing sector in 2025Jay McCanless, Wedbush SVP of equity research, joins 'Closing Bell' to discuss where industry-wide homebuilding volume will go from here, homebuilder stock performance, and much more.

Persons: Jay McCanless Locations: Wedbush

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