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☆ Bitcoin is surging on hopes rate cuts will drive a speculative rush
▼ + stars: | 2024-09-17 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The rise comes amid anticipation that the Fed will deliver a half-point rate cut. Investors are anticipating the Federal Reserve's long-awaited rate cut tomorrow, which will be announced at the end of the central bank's two-day policy meeting. Regardless of the size of the cut, investors buying up bitcoin are anticipating the looser lending conditions will lead to more speculative behavior. We could be seeing a recovery of investors' appetite for risk-on assets like crypto, instigating more flows into Bitcoin spot ETFs," said Leena ElDeeb, a research analyst at 21Shares. Seasonal factors weakened the spot bitcoin ETF inflows this summer while deteriorating macro conditions drove investors toward safe, risk-off assets.

Persons: —, Morgan Stanley, Tuesday's, Leena ElDeeb, Alex Kuptsikevich, Bill Dudley Organizations: Service, New York

☆ Markets are poised for a 50bps cut, but this is a 'much more cautious Fed', says Moody's Mark Zandi
▼ + stars: | 2024-09-17 | 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 EmailMarkets are poised for a 50bps cut, but this is a 'much more cautious Fed', says Moody's Mark ZandiMark Zandi, Moody’s, joins 'Fast Money' to talk what he would like to see from the Federal Reserve moving forward.

Persons: Mark Zandi Mark Zandi Organizations: Markets, Federal Reserve

☆ Burnout could be to blame for security failures around Trump, former Secret Service agents say
▼ + stars: | 2024-09-17 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

In a Monday press conference discussing the incident, the acting director of the Secret Service called for "some hard conversations with Congress." "If I was making decisions, I would push them to eliminate all their investigations, aside from investigating threats toward people under Secret Service protection." Because the men and women of the Secret Service right now, we are redlining them." Of the Department of Homeland Security's $64.81 billion total budget, the Secret Service in 2024 was allotted $3.27 billion — increasing less than $400,000 since 2022. Secret Service agents "are rising to this moment," Rowe said, but "We have to have it every day.

Persons: Donald Trump, Trump, Kenneth Valentine, Valentine, Valentine —, Jeffrey James, —, James, there's, Ronald Rowe, Rowe Organizations: Service, Business, Trump International Golf, Secret Service, Department of Homeland Security, Department of, Treasury, DHS, Secret, Walmart, Trump, Department of Homeland

☆ Analysis: Vance warns calling a candidate a ‘fascist’ can lead to violence but doesn’t mention that’s what Trump calls Harris
▼ + stars: | 2024-09-17 | by ( Daniel Dale | ) edition.cnn.com time to read: +3 min

In fact, Trump called Harris a fascist at least twice last week alone. “She’s a Marxist, communist, fascist, socialist,” Trump said at an Arizona rally on Thursday. “This is a radical-left, Marxist, communist, fascist,” Trump said while attacking Harris at a news conference on Friday. But Harris has faced violent threats for years, including in recent months. In August alone, a Virginia man and a Tennessee man were separately charged with making death threats against her.

Persons: Donald Trump, Trump’s, Sen, JD Vance, Trump, Vance, he’s, Kamala Harris, Harris, ” Trump, ” Organizations: Washington CNN —, Democratic, Trump, Marxist, Virginia Locations: Georgia, Arizona, Virginia, Tennessee

☆ Tua Tagovailoa: Miami Dolphins QB ‘smiling with his teammates’ and taking things ‘day by day’ after latest concussion
▼ + stars: | 2024-09-17 | by ( George Ramsay | ) edition.cnn.com time to read: +4 min

CNN —Miami Dolphins quarterback Tua Tagovailoa has been “smiling with his teammates” and taking things “day by day” as he recovers from his latest concussion, according to head coach Mike McDaniel. McDaniel comforts Tagovailoa after the quarterback's latest concussion. CNN contacted Tagovailoa’s representatives about the report but did not hear back, while the Dolphins declined to comment. “I think it’s of utmost priority of mind for Tua to speak on Tua’s career,” said McDaniel. After guiding the Dolphins to the playoffs last season, Tagovailoa agreed to a four-year contract extension in the offseason, reportedly worth $212.4 million.

Persons: Tua Tagovailoa, ”, Mike McDaniel, Tagovailoa, Damar Hamlin, “, ” McDaniel, McDaniel, Megan Briggs, Ian Rapoport, Tua, I’m, Skylar Thompson, Tim Boyle, Tyler Huntley, Lynne Sladky, Huntley, Boyle, ” Thompson Organizations: CNN — Miami Dolphins, NFL, Dolphins, CNN, Tagovailoa’s, Bills, Baltimore Ravens, Cleveland Browns, Ravens, Seattle Seahawks

☆ Companies that 'prioritize work flexibility' have the happiest workers, new ranking shows
▼ + stars: | 2024-09-17 | by ( Alex Koller | ) www.cnbc.com time to read: +3 min

1 for employee wellbeing, according to the 2024 Work Wellbeing 100 from Indeed and the University of Oxford's Wellbeing Research Centre. Indeed's ranking found that companies with higher work wellbeing scores also have higher valuations, returns on assets and profits. "A lot of these companies tend to prioritize work flexibility," says Kyle M.K., a talent strategy advisor at Indeed. "Companies that provide choice are the ones that tend to have a much better reputation among their employees," M.K. "By prioritizing work wellbeing, companies cultivate a more resilient, effective and happier workforce which ultimately drives business growth."

Persons: Kyle M.K, LaFawn Davis, Indeed's Organizations: University of Oxford's, Research, Nasdaq, Companies, Block, Human, Delta Air Lines, Accenture Nike, International Disney Parks, Flex, Walt Disney Company Wipro, Vans, Technology Solutions, Bros Coffee Microsoft FedEx Freight, CNBC

The Iran-backed militant group said the wireless devices began to explode around 3:30 p.m. local time in a targeted Israeli attack on Hezbollah operatives. Experts say the explosions, unprecedented in their scale and nature, underscore Hezbollah’s vulnerability as its communication network was compromised to deadly effect. CNN could not geolocate the image, but has verified it was published Tuesday, the same day as the explosions. Hostilities are at an all-time high between Israel and Hezbollah following Hamas’ October 7 attack on Israel. US Secretary of Defense Lloyd Austin spoke twice with his Israeli counterpart, Israeli Defense Minister Yoav Gallant, according to two US defense officials.

Persons: Israel, ”, Hassan Nasrallah, “, Avi Melamed, ” Melamed, David Kennedy, I’ve, John Miller, Amos Yadlin, Nasrallah, Yahya, ” Yadlin, Kim Ghattas, Ahmad Kaddoura, Miller, Ismail Haniyeh, Mohamed Azakir, ’, Defense Lloyd Austin, Yoav Gallant Organizations: CNN, Hamas, Middle, GPS, New York Times, Times, US National Security Agency, Intelligence, Getty, American University of, American University of Beirut Medical Center, Reuters, Global, Defense, Israeli Locations: Lebanon, Iran, Gaza, East, Israel, Lebanese, Israeli, Sidon, Anadolu, United States, Iranian, Tehran, American University of Beirut

☆ Former Dallas Fed President Kaplan advocates for a half-point interest rate cut
▼ + stars: | 2024-09-17 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

If Robert Kaplan still had a say in the matter, he'd be pushing for a half percentage point interest rate reduction at this week's Federal Reserve meeting. The former Dallas Fed president told CNBC on Tuesday that making the bolder move of 50 basis points would better position policymakers heading into the latter part of the year and the economic challenges ahead. "If I were sitting at the table, I would be advocating for 50 in this meeting," Kaplan said during a "Squawk Box" interview. One basis point equals 0.01%. Kaplan ran the Dallas Fed from 2015-21 and is now a managing director at Goldman Sachs.

Persons: Robert Kaplan, Kaplan, Jerome Powell, Jay Powell, Goldman Sachs Organizations: Dallas Fed, CNBC, Federal

☆ The fabulous life of Michael Dell, the $108 billion tech icon betting big on AI
▼ + stars: | 2024-09-17 | by ( Julie Bort | Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Michael Dell is one of the world's wealthiest people, with a net worth of more than $100 billion. The Dell Technologies founder made his fortune by democratizing the PC and striking shrewd deals. 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! AdvertisementMichael Dell, the tech entrepreneur who helped bring the personal computer to the masses, ranks among the world's wealthiest people with a net worth of $108 billion, per the Bloomberg Billionaires Index.

Persons: Michael Dell, —, Dell Organizations: Dell Technologies, Service, Bloomberg, Fortune, Business

☆ Amazon's RTO mandate won't pay off in the way the company hopes
▼ + stars: | 2024-09-17 | by ( Madeline Berg | Tim Paradis | ) www.businessinsider.com time to read: +8 min

Read previewSorry, Amazon employees. CEO Andy Jassy announced on Monday that starting next year, Amazon employees must be in the office five days a week. Amazon's announcement comes after 15 months of hybrid work — employees had to be in three times a week. Some employers like Amazon are looking to take back powerIn the pandemic era, the labor market favored office workers. Oftentimes, introverted employees work better outside the office, and some people find that the pressure of in-person work can stifle productivity and deep thinking, Duffy said.

Persons: —, Andy Jassy, Goldman Sachs, Caitlin Duffy, Duffy, Julia Hobsbawm, Hobsbawm, Amazon's Jassy, Jassy, Nicholas Bloom, who's, Bloom, what's, Deborah McGee, McGee, Gen Z, they're Organizations: Service, Business, Slack, Employees, JPMorgan, Gartner, Stanford, Research, Data Technologies, PZI Locations: America

☆ Big names like David Tepper and 'Big Short' investor Michael Burry are quietly upping their bets on the Chinese economy
▼ + stars: | 2024-09-17 | by ( Zahra Tayeb | ) www.cnbc.com time to read: +5 min

From property woes to sluggish economic data, China appears to be suffering from long Covid. Wall Street turns bullishBillionaire investors, including Appaloosa Management founder David Tepper and "Big Short" investor Michael Burry, recently revealed they are sticking to their China bets. The famed investor loaded up on Alibaba stock in the second quarter, revealing an $11.2 million position in the company. That makes Alibaba Burry's largest holding, with other Chinese tech stocks including Baidu and JD.com also featuring on Burry's portfolio. Meanwhile, BCA Research recently upgraded Chinese onshore stocks to overweight, with China strategist Jing Sima expecting Chinese onshore stocks to passively outperform global equities.

Persons: Jiang Sheng, It's, Ted Alexander, CNBC's, David Tepper, Michael Burry, Alibaba, Tepper, Burry, JD.com, Jing Sima, George Boubouras, Goldman Sachs, Song Zhiyong, Eric Lin Organizations: Visual China, Getty, Appaloosa Management, KE Holdings, Baidu, BCA Research, K2 Asset Management, CNBC, Bank of America, National Bureau of Statistics, China's Ministry of Transport, Civil Aviation Administration, Asia Pacific Summit for Aviation Safety, Paris Olympic Games, Greater, Greater China Research, UBS Locations: China, Beijing, Wall, Japan, South Korea, Singapore, Europe, Greater China

☆ Dominique Pelicot: ‘I am a rapist just like all the others in this room,’ says Frenchman accused of mass rape of wife
▼ + stars: | 2024-09-17 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

Reuters —Dominique Pelicot, the Frenchman accused of drugging his wife and recruiting dozens of strangers to rape her over a decade, on Tuesday admitted to the various criminal charges he faces in a closely-watched trial, French media reported. Pelicot had been due to testify last week in the case that has shocked France, but his appearance was delayed due to health issues. In addition to Pelicot, 50 other men accused of taking part are on trial, which is taking place in the southern city of Avignon. Pelicot’s former wife, Gisele Pelicot, now aged 72, insisted on a public trial to expose him and the other men accused of raping her. ReutersPelicot faces charges including rape, gang rape and various privacy breaches by recording and disseminating sexual images.

Persons: — Dominique Pelicot, Frenchman, Pelicot, ” Pelicot, Pelicot’s, Gisele Pelicot, “, ”, Dominique Pelicot, Reuters Pelicot Organizations: ” Prosecutors, Reuters Locations: France, Avignon

☆ Israel expands war objectives, eyeing northern front as tensions with Hezbollah continue unabated
▼ + stars: | 2024-09-17 | by ( Tamar Michaelis | Benjamin Brown | ) edition.cnn.com time to read: +3 min

CNN —Israel has added another objective to its ongoing conflict with Hamas and Hezbollah: ensuring the safe return of residents from communities along its border with Lebanon to their homes. He added that Israel will “do what is necessary” to safeguard the region’s security and return the residents to their homes. Hezbollah has said that it will end its attacks on Israel when Israel ends its war in Gaza. Gallant’s fateThe addition to Israel’s war aims comes amid reports in Israel that Netanyahu plans to replace Gallant with a former rival politician, Gideon Sa’ar. Unlike Gallant, who served for decades in the Israel Defense Forces, Sa’ar is a near lifelong politician.

Persons: CNN —, Benjamin Netanyahu’s, Netanyahu, Amos Hochstein, Yoav Gallant, Hochstein, ” Hochstein, Axios, Israel, Gallant, Gideon Sa’ar, Benny Gantz, ” Organizations: CNN, Hamas, Hezbollah, Lebanese Ministry of Public Health, Israel Defense Forces Locations: CNN — Israel, Lebanon, Israel, Israel’s, Tel Aviv, ”, Gaza, Sa’ar’s

☆ Intel, once a Silicon Valley star, has been floundering. Now it's mounting a turnaround.
▼ + stars: | 2024-09-17 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

During his tenure as CEO, Grove transformed the chip company into a giant of Silicon Valley that, during the 1990s, was as important to the PC market as Microsoft. Pat Gelsinger, who has led Intel as CEO since 2021, has enacted a sweeping set of new initiatives to turn the chip company around. Its Gaudi 3 AI chip, unveiled as a rival to offerings from Nvidia and AMD, is expected to generate just $500 million in sales this year. Meanwhile, Alvin Nguyen, senior analyst at Forrester, told Business Insider that this is a big public win for Intel. Gelsinger's second headline announcement was that the company is establishing Intel Foundry as a separate subsidiary within Intel, with its own new operating board and independent directors.

Persons: —, Andrew Grove, he'd, Grove, Grove —, Pat Gelsinger, Gordon Moore, Gelsinger, HWA CHENG, Patrick Moorhead, Moorhead, Alvin Nguyen, Forrester, Gelsinger's, It's, Forrester's Nguyen, Bernstein Organizations: Service, Microsoft, Intel, Business, Nvidia, Gaudi, AMD, Revenue, HWA, Getty, Amazon Web Services, Intel Foundry, Reuters Locations: Silicon, Japan, Moore's, AFP, Poland, Germany, Arizona , Oregon, New Mexico, Ohio

☆ Analysis: Ryan Routh’s support for Ukraine is a propaganda win for Moscow, at a very tricky time for Kyiv
▼ + stars: | 2024-09-17 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: +6 min

Someone like Routh was quite easy to meet in Ukraine in the opening months of Russia’s full-scale war in 2022. But already, Moscow’s prolific echo chambers have begun to fashion a narrative in which US support for Ukraine is somehow extremist. People stand near the sports complex of a university after Russian missile attacks in Kyiv, Ukraine, on September 2. The clamor of support for Ukraine to receive US permission to fire longer-range US-supplied missiles at targets deeper inside Russian territory had been growing. The sudden insertion of a wayward extremist like Routh is a loud, confusing wild card, at a time when support for Ukraine urgently needed a calm and balanced voice.

Persons: Ryan Wesley Routh, Donald Trump, Routh, Oleksandr Shaguri, “, ” Routh, Dmitri Peskov, ”, Marjorie Taylor Greene, ’, Putin, –, Maxym, Volodymyr Zelensky, Biden, Joe Biden Organizations: London CNN, Kyiv, Russia, Ukraine, New York Times, Foreigners, Department, Land Forces Command, CNN, Global Citizen –, Reuters, Russian, Republican Locations: Ukraine, Russia, Europe, Ukrainian, Kyiv, Pakistan, Iran, Global Citizen – Taiwan, Afghanistan, North Korea, Florida, America, United States, Russian

☆ GLP-1 pills are coming, and they could revolutionize weight-loss treatment
▼ + stars: | 2024-09-17 | by ( Meg Tirrell | ) edition.cnn.com time to read: +7 min

CNN —Jared Holz thought about taking one of the new GLP-1 drugs for weight loss for months before he actually filled the prescription. At least a dozen similar experimental weight-loss drugs designed to be taken as pills are working their way through clinical trials, with the most advanced now in the third and final stage of testing. Dushay cited hopes that pill versions of GLP-1 drugs could ease shortages, come at lower cost and enhance convenience. The oral GLP-1 raceRight on the heels of oral semaglutide is a group of drugs led by Eli Lilly’s orforglipron, an oral medication that also targets GLP-1, which is a hormone implicated in insulin regulation, appetite and digestion. Drugmakers including Pfizer and Roche, as well as smaller companies like Structure Therapeutics, Terns Pharmaceuticals and Viking Therapeutics, also have oral weight-loss drugs in earlier stages of development, BMO research shows.

Persons: Jared Holz, ” Holz, ”, Jody Dushay, Dushay, ” Dushay, it’s, Rybelsus, Jorge Moreno, “, ” Moreno, Eli Lilly’s orforglipron, Lilly, Evan Seigerman, amycretin, who’ve, Dr, Sanjay Gupta, Holz, he’s, he’d Organizations: CNN, Harvard Medical School, Beth Israel Deaconess Medical, Novo Nordisk, US Food and Drug Administration, Yale School of Medicine, BMO Capital Markets, Pfizer, Roche, Therapeutics, Terns Pharmaceuticals, Viking Therapeutics, BMO, Nordisk, European Association for, Diabetes, Inversago Pharma, CNN Health Locations: Danish, Novo

☆ Why this Starbucks exec is proud to be Hispanic
▼ + stars: | 2024-09-17 | 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 EmailWhy this Starbucks exec is proud to be HispanicThe Seattle-based coffee giant's Chief Supply & Customer Solutions Officer, Arthur Valdez, says he's using his seat at the table to mentor others in the Hispanic community.

Persons: Arthur Valdez Locations: Seattle

☆ Inside $178 billion Man Group's Oxford gathering: Academic hotshots, internal rising stars, and $25 trillion in institutional capital
▼ + stars: | 2024-09-17 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +7 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewEven when compared to the impressive and lengthy history of the University of Oxford, this week's gathering at Trinity College is noteworthy. Academics, nerds, and rising starsThe speakers over the two-plus days are roughly half Man employees and half external invitees. The firm balances the external speakers — from finance and other disciplines — with a line-up of Man executives and internal rising stars who are working on something that ties into the overall theme. Oxford offers plenty of advantages for the firm's leadership to get to know the decision makers at these firms.

Persons: —, Tom Holland, Steven Desmyter, Milken, Desmyter, there's, Holland, Morgan Stanley, Clare Woodman, John Curtice, Jamie Dimon, Goldman Sachs, Lloyd Blankfein, Mike Lynch, Sumant Wahi, Vinayak Kumar, It's Organizations: Service, University of Oxford, Trinity College, Business, Ashmolean Museum, BBC, Morgan Stanley EMEA, Oxford, Oxford Man Institute, Union House Locations: British, Davos, Hawaii, Sydney, Sicilian, it's, Rhodes House, Trinity, New York, London, Dubai

☆ Jim Cramer says AI's real enterprise value lies in customer service
▼ + stars: | 2024-09-17 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Tuesday pinpointed why he thinks artificial intelligence is useful across the business world, saying its value stems from customer service potential across industries. Cramer gave examples of how AI customer service capabilities could change workflows in several fields, including retail, food service, law and health care. He suggested AI agents could answer patients' questions and free up doctors' time to engage in other pursuits. "AI makes things go faster — everything. It makes things more rational — everything," he said.

Persons: CNBC's Jim Cramer, Cramer, hasn't

☆ Beetlejuice 2: How an iconic movie wardrobe got a modern upgrade
▼ + stars: | 2024-09-17 | by ( Leah Dolan | ) edition.cnn.com time to read: +6 min

Beetlejuice's renowned burgundy wedding tux makes an appearance in the film's remake. CNN: What were some of your influences when designing the costumes for “Beetlejuice Beetlejuice”? (The character of) Beetlejuice stayed in the same style of striped suit, but it wasn’t the same suit. pulled out the original wedding tux from the archives for you and Michael Keaton. A lot of the costumes in “Beetlejuice Beetlejuice” are custom.

Persons: Tim Burton’s “, ” Michael Keaton, Winona Ryder, Catherine O’Hara, Jenna Ortega, Aggie Guerard Rodgers, Deetz’s, Ryder, Bella Hadid’s, Keaton, Colleen Attwood, Attwood, “, ” ? Attwood, We’ve, Bob the, Beetlejuice, he’d, Aggie Rodgers, Michael Keaton Organizations: CNN, Warner Brothers Discovery, Warner Bros, Real, Warner Brothers, Warner Brothers Discovery Warner Brothers Locations: Dublin, France

☆ Many Haitians in Springfield are on Temporary Protected Status — which could disappear if Trump wins
▼ + stars: | 2024-09-17 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +6 min

Read previewAround 200,000 Haitians living in the US are on Temporary Protected Status, including many of those living in Springfield, Ohio, who have been targeted by former President Donald Trump and others with baseless claims about eating pets. Trump has already called for mass deportations from the town, saying last week: "We're going to start with Springfield and Aurora." "Once a country is designated, each individual covered by the designation must apply separately for TPS status," she said, noting that existing TPS holders must also renew their paperwork with each redesignation. However, if Trump wins, Leblang told BI this is far less likely. Indeed, it already was once before when Trump sought to end TPS for certain countries during his last administration.

Persons: —, Donald Trump, Trump, Nancy Morawetz, Alejandro Mayorkas, Tom K, Wong, Harris, David Leblang, Leblang, Justin Sullivan, Lori A, Nessel, Biden, Julia Gelatt, Gelatt Organizations: Service, Trump, TPS, Haiti, Business, Biden, NYU, BI, Homeland, US Immigration Policy Center, University of Virginia, Seton Hall University School of Law, Department of Homeland Security, US Locations: Springfield , Ohio, Haitian, Springfield, Aurora, Haiti, Honduras, Nicaragua, El Salvador, Sudan, Canada

☆ Trump tailors his message to key state of Michigan as he returns to the campaign trail after apparent assassination attempt
▼ + stars: | 2024-09-17 | by ( Eric Bradner | Alison Main | ) edition.cnn.com time to read: +6 min

“We are going to bring so many auto plants into our country,” Trump said. While the apparent assassination attempt on Sunday featured in his remarks frequently, Trump often sought to keep the town hall-style event focused on the auto industry and tariffs in particular. Vice President Kamala Harris’ campaign has said Trump’s proposed tariffs would effectively amount to an inflation-driving national sales tax. He also broke down the apparent assassination attempt, and its aftermath — including phone calls with Harris and Biden. Praise for Secret ServiceTrump said the Secret Service “did a hell of a job, they really did,” in stopping Sunday’s apparent attempted assassination.

Persons: Donald Trump, “, ” Trump, Shawn Fain, Joe Biden’s, Trump, they’re, Kamala Harris ’, Harris, “ We’re, Elon Musk, Biden, Flint Trump, Sarah Huckabee Sanders, Biden “, wasn’t, ”, Kamala, We’re, ” Harris, Secret Service Trump, Sunday’s, they’ve, Democratic Sen, Richard Blumenthal, Republican Sen, Josh Hawley, ” Hawley, —, ” CNN’s Alejandra Jaramillo, Ebony Davis, Morgan Rimmer, Danya Gainor Organizations: CNN, Trump, Palm, “, United Auto Workers, ”, Arkansas Gov, White House, National Association of Black Journalists, Secret Service, Service, Democratic, Senate Homeland, Department of Homeland, Republican, DHS Locations: Michigan, China, Mexico, Palm Beach, Flint, “, United States, Philadelphia, Butler , Pennsylvania, Missouri

☆ Donald Trump is going all-in on the crypto bro vote
▼ + stars: | 2024-09-17 | by ( Grace Eliza Goodwin | Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

Read previewFormer President Donald Trump is taking his courtship of the crypto industry to the next level. "If we don't do it, China will do it," Trump told Sarmad, referring to making cryptocurrency mainstream. Ahead of the Monday livestream, Trump said he would use the event to launch his latest business venture: a new crypto-banking platform called World Liberty Financial. During the Monday livestream, Trump credited his changing perspective on crypto to his NFTs' positive response. During the Monday livestream, Trump took a scaremongering approach, encouraging crypto lovers to vote for him lest they court hostility from the US Securities and Exchange Commission.

Persons: —, Donald Trump, Web3, Trump, Sarmad, Chase Herro, Zach Witkoff, Steve Witkoff, Trump's, Donald Jr, Eric, Barron, Don Jr, Kenneth Niemeyer, hocking NFTs, Joe Biden, poising, you'd, bitcoin, Kamala Harris Organizations: Service, Republican, Business, Liberty, Liberty Financial, CNBC, Trump, New York Times, US Securities and Exchange Commission, Analysts, Fox Business Locations: China, Nashville, United States, cryptocurrencies

The median house price in the U.S. is now 5.8 times more than the median annual income of $80,000. That was, after all, the median price for a house in the area at the time. Jonathan OchartThe median price of a home in Los Angeles county is just under $960,000, according to Zillow listings data. It's just not a level playing field," says Ochart about the income now needed to afford a home. In Grand Rapids, median home prices were on the rise before the pandemic and then soared 54% from 2020 to $285,000 in June 2024, according to Zillow sales data.

Persons: Kelcie Lesko, Tim Khalil, Lesko, Khalil, they'll, Gen Xers, What's, — there's, they're, Daryl Fairweather, Kelly Diehr, homebuyers, you'd, Diehr, Jonathan Ochart, Ochart, It's, Timothy Ham, Timothy Ham couldn't, Ham, you've, That's, boomer, it's, Lawrence Yun, Millennials, Ramit Sethi, Rich, Brad Klontz, homebuying Organizations: CNBC, Homes, LA, National Association of Realtors, NAR Locations: New Jersey, Monmouth County, North Brunswick, Lesko, homeownership, U.S, Denver, Brazil, Los Angeles and New York, San Antonio, Los Angeles, Antonio, Texas, LA, Boise , Idaho, Tacoma , Washington, Grand Rapids , Michigan, Grand Rapids, Kalamazoo

☆ This 38-year-old is financially independent with passive income. Here's how he built a 7-figure real estate portfolio
▼ + stars: | 2024-09-17 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +4 min

Shu Matsuo Post, 38, built a $2 million real estate portfolio, according to documents seen by CNBC Make It. Over the course of about seven years, the 38-year-old consistently poured over 50% of his and his wife's dual income into real estate investing. Beginning of real estate investing journeyMatsuo Post's journey toward financial independence was not straightforward. Pivoting his career multiple times, he worked in industries like journalism, retail and technology before entering real estate. "We found real estate and kept talking about it, and then we decided that we can live off of one income," Matsuo Post said.

Persons: Shu Matsuo, Matsuo, it's, Matsuo Post, Christina, I'm, that's Organizations: CNBC, Matsuo Post, FI, YouTube Locations: U.S, Japan, Hong Kong, Minnesota, New York

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