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Social Security recipients can expect next year's annual cost-of-living adjustment (COLA) to be the lowest since 2021, following cooler inflation readings in July and August. The Social Security Administration is expected to announce the official cost-of-living adjustment for 2025 on Oct. 10. Much of the political debate about Social Security remains focused on reforming — and ultimately paring back — the entire program. But earlier this year, Democratic Sen. Bob Casey of Pennsylvania introduced the Boosting Benefits and COLAs for Seniors Act, designed to increase Social Security benefits at a rate "that actually reflects the costs seniors face." "The Boosting Benefits and COLAs for Seniors Act would help seniors contend with rising costs and ensure that Social Security remains a lifeline for all who need it.”

Persons: ” Mary Johnson, Johnson, Democratic Sen, Bob Casey of, ” Casey, ” Organizations: of Labor Statistics, Social, Senior Citizens League, Social Security, Medicare, Trustees, Social Security Administration, League, Democratic, Seniors, Bureau of Labor Statistics, , Social Security, Security Locations: Bob Casey of Pennsylvania, Pennsylvania

The pace of inflation likely moderated again in August — further relief for beleaguered consumers still smarting from pandemic-era price shocks. Though price growth has largely returned to the Federal Reserve's official 2% target, the sting of rapid price increases over the past four years lingers for many consumers. The latest inflation report is likely to cement a 0.25% cut in the Federal Reserve's key interest rate, currently at about 5.3%, later this month. But experts say it will take some time for consumers to feel the impact of the lower interest rate — and the relatively small size of the cut means borrowing costs will still be somewhat elevated. While the Fed is now widely expected to cut interest rates, a cut of just 0.25% may not be enough to stave off that scenario.

Persons: —, There's, Joe Biden, Kamala Harris, Zillow, Paul, ” Marina Walsh, ” Walsh, Torsten Slok, Slok, Sophia Kearney, Jerome Powell's, Kearney, Lederman Organizations: of Labor Statistics, Federal Reserve's, Democratic, Labor Statistics, Princeton, “, Mortgage Bankers Association, Apollo Global Management, FHN, NBC News, Fed Locations: U.S, New York, Los Angeles, Minneapolis, St, Las Vegas, Phoenix

☆ Wall Street likes what Nvidia CEO said about the future and new AI chip rollout. So did we
▼ + stars: | 2024-09-11 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Investors returned to Nvidia stock Wednesday after CEO Jensen Huang made a compelling case at a major tech gathering for the innovation he strives for and the competitive moat he's built. There have been a lot of doubters on Wall Street since Nvidia reported quarterly results on Aug. 28 . NVDA YTD mountain Nvidia YTD On stage with Goldman Sachs CEO David Solomon, Huang was asked how he views the competition. The way that computers are built today, if you look at our new Blackwell system, we design seven different types of chips to create the system. While ducking a question about Nvidia stock, Solomon did tell CNBC that Nvidia is a "super company" that's well-positioned to keep succeeding.

Persons: Jensen Huang, Goldman Sachs, That's, David Solomon, Huang, Blackwell, Nvidia's, it's, ramping Blackwell, that's, It's, Solomon, Communacopia, Jim Cramer's, Jim Cramer, Jim, Sam Yeh Organizations: Nvidia, Technology Conference, CNBC, Goldman, Blackwell, AFP, Getty Locations: San Francisco, Communacopia, Taipei

☆ Donald Trump’s social media stock is plunging after his rocky debate performance
▼ + stars: | 2024-09-11 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

Investors swiftly penalized Trump’s social media business following the former president’s widely panned debate performance. Trump Media initially spiked 10% that day, before fizzling and ending in the red. Trump Media has at times become a way for traders to bet on the political fortunes of Trump and the chances he returns to the White House. Trump is not only the dominant shareholder in Trump Media, he is the most popular user on Truth Social, the company’s only significant product. The lock-up restrictions preventing Trump from selling his 114.75 million shares in Trump Media are set to expire later this month.

Persons: Donald Trump, Kamala Harris, Trump, Joe Biden’s, ” Matthew Tuttle, Harris ’, ”, ” Tuttle, Michael Block, AgentSmyth, “, ” Block, didn’t, Biden Organizations: New, New York CNN, Trump, Trump Media & Technology Group, Social, ABC, CNN, Trump Media, Tuttle Capital Management, ” Trump, White, Truth Locations: New York, Coinbase

☆ Stock market today: Stocks fall as annual inflation slows but monthly CPI notches surprise increase
▼ + stars: | 2024-09-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Core inflation rose 0.3% in August, slightly above economists' expectations. Meanwhile, investors dashed their hopes for a 50 basis point rate cut from the Fed next week. AdvertisementUS stocks traded mixed on Wednesday as investors took in last month's inflation report, which showed an unexpected increase in the monthly core consumer price index. Bond yields rose as traders readjusted expectations for a jumbo rate hike of 50 basis points at next week's Federal Open Market Committee meeting. AdvertisementThe surprise increase led investors to almost completely discount the possibility of a 50 basis point rate cut at the Fed's next policy meeting.

Persons: —, Josh Jamner, Jack McIntyre Organizations: Fed, Service, Dow Jones, ClearBridge Investments, Brandywine Global Locations: Here's

☆ Dow falls by almost 700 points after inflation report reduces chance of a jumbo-sized rate cut
▼ + stars: | 2024-09-11 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +2 min

But what appeared to garner a lot more attention was the 0.3% monthly rise of the core CPI gauge, which excludes food and energy. The higher-than-expected rise in core inflation will likely cause central bank officials to proceed more carefully when deciding whether to cut interest rates and by how much. On Tuesday, traders were pricing in a 34% chance the Fed would cut rates by a half point. But after the CPI data was released Wednesday morning, traders priced in a 15% chance that would happen. Wednesday’s market moves are a stark contrast to Monday’s, when the Dow, S&P 500 and Nasdaq all closed 1.2% higher.

Persons: clamoring, Dow Organizations: New, New York CNN, Federal Reserve, Nasdaq Locations: New York

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

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

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

☆ Here's why the next move in Apple stock should not be judged solely on Monday's iPhone 16 event
▼ + stars: | 2024-09-10 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

The reviews on Wall Street are mixed concerning Monday's iPhone launch event. Apple Intelligence represents a paradigm shift for the company and the iPhone 16 is the ticket into this new generation. That's what will in turn drive demand, both in terms of Apple rolling out Apple Intelligence and developers taking advantage of the new hardware capabilities. The iPhone 16 and the Pro models will be equipped with versions of the new A18 chips. However,even those phones weren't built from the ground up in the way the iPhone 16 is to harness the full power of Apple's AI features.

Persons: Jim Cramer, Bernstein, Jim, Apple, Siri, Ray, Jim Cramer's, Andrej Sokolow Organizations: Apple, Citi, JPMorgan, Apple Intelligence, Nvidia, Microsoft, CNBC, Getty Locations: USA, Cupertino

As the Fed lowers its benchmark rate, mortgage rates should continue to go down. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. FHA Interest RatesFHA interest rates were 5.03% last month, and they've been a bit lower in recent weeks. 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. 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.

Persons: they've, Freddie Mac Organizations: Federal Reserve, Traders, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs Locations: Chevron

☆ Markets 'over-pricing' Fed's tightening pace, Steve Brice at Standard Chartered Wealth Management says
▼ + stars: | 2024-09-10 | 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 EmailMarkets 'over-pricing' Fed's tightening pace, Steve Brice at Standard Chartered Wealth Management saysA rate cut of 25 basis points is more likely at the FOMC meeting next week, Steve Brice, chief investment officer at Standard Chartered Wealth Management says.

Persons: Steve Brice Organizations: Standard Chartered Wealth Management, Chartered Wealth Management

☆ Some young adults are opting out of parenthood. Money is a major reason, most say
▼ + stars: | 2024-09-10 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

watch nowYoung adults face financial obstaclesOver decades, attitudes about marriage and parenthood have changed. More recently, experts say, the overall cost of living has become a contributing factor in decisions to forgo parenthood. Between 1991 and 2024, the costs for child care rose at nearly twice the pace of overall inflation. But parenthood and related child care costs are not just personal financial issues, he added. "The cost of child care is really an economic growth and productivity issue as well," House said — and that affects all Americans, not just those with young kids.

Persons: Greg McBride, Gen Zers, Pew, Brett House, —, Brett Organizations: Pew Research Center, KPMG, Columbia Business School, Columbia Business Locations: U.S, millennials

☆ WFH with kids isn't easy, but neither is working in an office. As a parent, I think strict RTO policies are a mistake.
▼ + stars: | 2024-09-10 | by ( Katie Matthews | ) www.businessinsider.com time to read: +6 min

Even with all the challenges it brings as a parent, I have zero interest in ever working in an office again. It took my kids a while to understand that "going to work" means leaving the house for most people. One of us often had to work less to make it work, and we've each taken turns. Remote work has proven that office irritations are not a requirement for making a living, and I am happy to give them up. It would be a mistake to destroy all the hard-won progress we've made in making remote work a viable option by enforcing strict RTO policies.

Persons: —, it's, We've, we've, I've, chatty, ensnaring Organizations: Service, Business, International Workplace Locations: naptimes

GM declined to discuss details of the spending, including how much of that amount is specifically tied to NFL advertising, but reiterated it remains significantly lower than historic levels. “The impact of the NFL on the automotive advertising industry is really very, very substantial,” said Alberto Leyes, head of product strategy at Guideline. Guideline reports viewership of NFL broadcasts grew about 7% over the past season, whereas ad spend in NFL programming doubled that pace at 14%. Automotive ad spend increased 17% over the past two seasons and is expected to increase again this year, according to Leyes. Stellantis is expected to soon launch new ads for the NFL season, including around its Jeep brand, but a spokeswoman declined to provide additional details.

Persons: ”, Ryan Briganti, Alberto Leyes, “ We’ve, we’ve, ” Leyes, Andrew Messina, Messina, Mark Marshall, Jenny Wall, Dedra DeLilli, That’s, ” DeLilli, “, DeLilli, Stellantis, Randy Parker, NBCUniversal Organizations: National Football League, Toyota Motor Corporation, Hyundai Motor Company, Detroit, NFL, Toyota, CBS Sports, CBS, Paramount, General Motors, GM, Nielsen, Disney, ESPN, Disney Advertising, Hyundai, Mercedes, Benz, Nissan Motor, Chrysler, Brands, Sunday, NBC, Automotive, Toyota North, Olympics, Hyundai Motor America, CNBC, Comcast, NBC Sports, NBC Olympics, Games Locations: Messina, U.S, Toyota North America, Paris

☆ Bill Gates thinks retirement 'sounds awful' and wants to continue working for decades like Warren Buffett
▼ + stars: | 2024-09-09 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

He told CNBC his friend Warren Buffett still goes into the office six days per week. Go to newsletter preferences Thanks for signing up! AdvertisementWith untold fortunes and world-shifting accomplishments in his rearview mirror, Bill Gates isn't yearning for a reprieve from the daily grind. Rather, the 68-year-old billionaire philanthropist wants to continue working at the same pace as long as his health holds up. Gates told CNBC that working less "sounds awful," noting that his friend Warren Buffett "still comes into the office six days a week" — and he hopes to follow in Buffett's footsteps.

Persons: Bill Gates, Warren Buffett, Gates, — Organizations: CNBC, Service, Business

☆ When you work from home it's tempting to skip your lunch break. Workplace experts say it could harm your longevity and drain your social battery.
▼ + stars: | 2024-09-09 | by ( Nora Redmond | ) www.businessinsider.com time to read: +5 min

However, working from home can have drawbacks when it comes to taking a lunch break. "If you're really working around the clock, until let's say dinner time and don't take that break, it's not contributing to the longevity, sustainability, and overall health of employees," Tavis said. Overworking and burnout from not taking a proper break can also contribute to mental health issues, Tavis said. AdvertisementEmployers need to do moreDiRose said the best preventive measure to ensure employees are taking breaks is more training. Tavis said that for hybrid setups, managers need to make sure they encourage staff to take lunch on in-office days.

Persons: —, Isabel Berwick, Nick Bloom, Mark Mortensen, it's, Mortensen, Anna Tavis, Tavis, Janice DiRose —, DiRose, they're Organizations: Service, Employees, Business, Financial, Stanford University, Netflix, New York University, Engage, Florida —, Fair Labor, Employers Locations: Florida

☆ Dow gets a 500-point boost
▼ + stars: | 2024-09-09 | by ( David Goldman | ) edition.cnn.com time to read: +2 min

The Dow rose 484 points, or 1.2%, on Monday. At one point earlier in the afternoon, the Dow was up more than 600 points. This week, investors will get another look at US inflation data, starting Wednesday morning with the Consumer Price Index report. The Fed has kept interest rates high to bring price hikes under control. Because consumer spending makes up the vast majority of America’s economy, the Fed almost always plunges the economy into a recession when it hikes rates — although that’s obviously not the goal.

Persons: Dow, Fear, That’s, —, It’s Organizations: CNN — Investors, Dow, Nasdaq, CNN, Fed Locations: America

☆ They got priced out of NYC, so they bought a $160,000 house in Vermont — but country life doesn't mean they're 'suddenly wealthy'
▼ + stars: | 2024-09-09 | by ( Amanda Goh | ) www.businessinsider.com time to read: +11 min

Read previewAfter four years of living in their studio apartment in Brooklyn, Taylor and Tatum Barnes decided it was time to leave New York City. Advertisement"In New York City, I did not drive. Related stories"In New York City, we're not waving at everyone we pass by because if you did that, you'd go insane. The slower pace of life in Vermont has been refreshing compared to the hustle and bustle of the city, Taylor, who was originally from Pennsylvania, added. "Compared to New York City, the mortgage is half that of what we paid for rent," Tatum said.

Persons: —, Taylor, Tatum Barnes, Tatum, they're, we're, you'd, It's, Barnes, isn't, We're, that's Organizations: Service, Business, Dartmouth College, Dartmouth, New, Fiscal, Institute Locations: Brooklyn, New York City, Vermont, Hartford , Vermont, Pomfret, Burlington, City, playgroups, Pennsylvania, NYC, New York

☆ How to trade Adobe's upcoming earnings using options
▼ + stars: | 2024-09-09 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

I'll break down various option trade scenarios into the earnings, focusing on one that will benefit from a big move in any direction. Adobe's Creative Cloud subscription model generates recurring revenue and maintains a solid customer base, from freelancers to large enterprises. Adobe's Document Cloud, featuring Acrobat and PDF solutions, is critical in digital document management and e-signatures. Of course, any bears out there could also use a calendar to bet on a downside move, using a $500 Sep/Jan put calendar. Combining the call and put calendar is a trade I usually refer to as a strangle swap.

Persons: Adobe Sensei, Jan, I've Organizations: Adobe, Labor, CNBC, NBC UNIVERSAL

☆ Why playing it safe on immigration and crime could be a big risk for Harris
▼ + stars: | 2024-09-09 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +19 min

Since Harris replaced President Joe Biden as the Democratic nominee, Trump has constantly attempted to portray her as weak on immigration and crime. On Friday, Harris also chose not to mention mass deportation during a radio interview with Univision, when the host asked her to summarize her argument to undecided Hispanic voters. “There is a way in which those [crime and immigration] issues in particular are also about bigger things,” said Adrianne Shropshire, executive director of BlackPAC, a group working to mobilize Black voters for Harris and Democrats. And many of those voters might recoil from these Trump policies on crime and immigration if they heard more about them. “What he is hoping is that the Black voters who he is [courting] don’t see that stuff,” Shropshire said.

Persons: Kamala Harris, Donald Trump, Trump, Harris, Joe Biden, Gary Segura, UnidosUS, Segura, Ohio Sen, JD Vance, Stephen Miller, Miller, Michael Ettlinger, Goldman Sachs, Jeffrey Passel, Passel, Rudolph Giuliani, Michael Bloomberg, Black, Ed Chung, Vera Action, Tim Walz, Trump’s, she’s, surrogates, ”, Adrianne, “, ” Segura, ” Tom Wong, Wong, ” Wong, Daniela Gilbert, That’s, Biden, Gilbert, ” Gilbert, ” Anthony Baber, Baber, “ Trump, ” Baber, ” Harris, She’s, Chung, –, Dana Bash, , Daniel Cox, BlackPAC Organizations: CNN, Democratic, Unidos, ”, White, Trump, of Police, National Guard, University of New, Carsey, of Public, Boston Globe, Pew Research Center, New York Police Department, Minnesota Gov, Univision, Black, GOP, US Immigration, Center, University of California, America’s, Marquette Law School, Religion Research Institute, Detroit, Whites, Survey Center, American Enterprise Institute Locations: California, Wisconsin, Texas, New York City, Phoenix, Las Vegas, Philadelphia, Atlanta, Savannah, Adrianne Shropshire, San Diego, United States, CNN’s, Michigan, Pennsylvania, Shropshire, ” Shropshire

☆ New York Fashion Week: Highlights from Spring-Summer 2025 runways
▼ + stars: | 2024-09-09 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +10 min

New York Fashion Week, which formally kicks off fashion month, has found itself at a crossroads in recent seasons as its counterparts in Milan and Paris have maintained dominance on the industry’s schedule with sought-after shows and splashy celebrity guest lists. Gilbert Flores/WWD/Getty ImagesBut Olympians haven’t just been on the guest list this week — they’ve made surprise runway debuts as well. The Nepali American designer Prabal Gurung, too, had a message, but one of hope. Paris Hilton invited Megan Thee Stallion for a performance at Hilton’s album release party with Nylon Magazine for New York Fashion Week. Victor Pagan/Getty ImagesA model walks the runway for the Off-White fashion show during New York Fashion Week on September 8, 2024 in New York City.

Persons: Ralph Lauren, Tommy Hilfiger, Lady Jill Biden, Usher, Jude Law, Tom Hiddleston, Naomi Watts, Solomon, Alaïa, supermodels Naomi Campbell, Linda Evangelista, Amber Valletta, Stephanie Seymour, Kendall Jenner, Ib Kamara, Zayn Malik, Mary J, Blige, Camila Cabello, Alessandra Ambrosio, Ashleigh Johnson —, Flav, Sunisa Lee, Jill Biden, Ralph Lauren’s Bridgehampton, Theo Wargo, Rihanna, Pieter Mulier, Brooke Shields, Gilbert Flores, haven’t, they’ve, ” Jordan Chiles, Kim Shui, Noah Lyles, Willy Chavarria’s, “ América, Adidas —, ”, Willy Chavarria, ” Nina Westervelt, Piotrek Panszczyk, Prabal Gurung, Kamala Harris ’, Gurung, Harris, “ I’ve, ” Gurung, …, Paris Hilton, Megan Thee, Roy Rochlin, Victor Virgile, Nina Westervelt, Dan Lecca, Jonas Gustavsson, Lee, David Dee Delgado, Pink, Prabal Gurung Brandon Maxwell, Fernanda Calfat, Sergio Hudson’s, Grace Ling, Jennifer Lopez, Radhika Merchant, Alex Consani, Grace Ling Ling, Victor Pagan, JP Yim, Kamara, Virgil Abloh, Kamara —, Sierra Leone —, utopias, Jason Wu, Tong Yang, Arturo Holmes, Tommy Hilfiger’s, Giovanni Giannoni, Sandy Liang, —, Filippo Fior Organizations: CNN, New York, U.S ., Polo Bar, Guggenheim, Adidas, American Civil Liberties Union, Tinder, Paris, Nylon Magazine, Labor, Getty, Seaport Locations: New York City, Long, Paris, Milan, York, Brooklyn, New York, Gotham, Nepali, City Hall, AFP, New, Ghana, Sierra Leone

☆ Oracle shares jump on earnings and revenue beat
▼ + stars: | 2024-09-09 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017. Here is how the company did compared to LSEG consensus:Earnings per share: $1.39 adjusted vs. $1.32 expected$1.39 adjusted vs. $1.32 expected Revenue: $13.31 billion vs. $13.23 billion expectedOracle's revenue increased 8% from $12.45 billion a year ago, according to a statement. For the current quarter, Oracle expects revenue growth of 8 to 10%, CEO Safra Catz said on the earnings call. The company said its cloud services and license support business generated $10.52 billion in revenue. During the quarter, Oracle announced the opening of a second cloud region in Saudi Arabia and said its database software will be available through Google's public cloud.

Persons: Larry Ellison, Safra Catz, Catz, Oracle's, Ellison, Oracle Organizations: Oracle Corp, Oracle, Amazon Web Services Locations: San Francisco, Saudi Arabia

☆ Starbucks' new CEO just started the job. Here's what he could shake up, from the menu to the C-suite.
▼ + stars: | 2024-09-09 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Niccol, who has spent six years as the CEO of Chipotle, officially took the reigns at Starbucks on Monday. Niccol could also bring big changes to Starbucks' menu and stores. Related storiesNiccol "will bring a similar discipline that will enable Starbucks to better succeed with menu innovation," Charles wrote. New menu items — including those that target new meals and times of the day — could also be on the agenda, Deutsche Bank's Silberman wrote. Niccol could implement a similar strategy at Starbucks and use it to expand Starbucks' breakfast and lunch offerings, she said.

Persons: —, Brian Niccol, Laxman Narasimhan, Niccol hasn't, isn't, didn't, John Ivankoe, Lauren Silberman, John Culver, Roz Brewer, Silberman, Niccol, Chipotle, Cowen, Andrew Charles, Charles, Deutsche Bank's Silberman, Gregory Francfort, skillset, Taco Bell, Eric Gonzalez, Narasimhan, Niccol's, Gonzalez Organizations: Service, Starbucks, Business, JPMorgan, Deutsche Bank, Walgreens, Deutsche, Guggenheim Partners, Taco, Capital Locations: China

☆ There's tons of hiring activity in media ad sales right now, but there's a catch
▼ + stars: | 2024-09-09 | by ( Lucia Moses | Lara O'Reilly | ) www.businessinsider.com time to read: +8 min

While it might look like there's a flurry of advertising hiring, industry insiders say the reality is more sobering. AdvertisementLegacy media companies have sharply cut staff in recent years, including sales, and those jobs aren't coming back. Disney has said it plans to automate half its ad sales. "The number of good job opportunities are few and far between because the large media companies are not hiring as quickly. "Ad sales is no longer ad sales," said Gary Stolkin, global CEO of The Talent Business, a global executive search firm specializing in the creative industries.

Persons: —, they've, Jean, Paul Colaco, aren't, Dave Morgan, Lisa Valentino, David Lawenda, David Zaslav, David Ellison's, Christopher Vollmer, Simon Francis, Peter Naylor, Brian Lesser, Lesser, WPP's, Roku, Harry Kargman, Kargman, Krishan Bhatia, Gary Stolkin, Stolkin, who's Organizations: Service, Netflix, Business, Disney, Paramount, Warner Bros, NBA, Companies, MediaLink, TV, Media, Flock Associates, Progressive, Mobile, The Talent Locations: Teads, NBCUniversal

☆ US employers have good reasons not to hire more workers now
▼ + stars: | 2024-09-08 | by ( Bryan Mena | Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

That’s because employers might be putting some of their hiring plans on hold — and for good reason. Businesses consider many factors when deciding to hire, but across a wide spectrum of industries, the economic outlook carries always great deal of weight. Both those factors are prompting employers to think twice about hiring more workers now, according to economists and recent comments from businesses around the country. But she’s proposing raising the corporate tax rate to 28%. So when interest rates are as elevated as they are right now, monthly debt payments could be too costly for many firms.

Persons: there’s, ” Kathy Bostjancic, Reserve Banks, Kamala Harris, Donald Trump, Trump, Harris, ”, Sean Snaith, Julia Pollak, ZipRecruiter’s, ” Pollak, “ It’s, Pollak Organizations: CNN, Labor Department, Federal Reserve, Nationwide, “, Reserve, Trump, America, Economic, of New, Institute for Economic, University of Central, Fed, Treasury Locations: China, of New York, University of Central Florida

☆ Ether has been dramatically underperforming bitcoin as the investment case for the cryptocurrency weakens
▼ + stars: | 2024-09-08 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Ether, the second largest cryptocurrency by market cap, is nearly 50% off its all-time high. The ETH/BTC ratio, a sentiment indicator reflecting the relative value of ether compared with bitcoin, is at its lowest level since April 2021. "Bitcoin has a very well established use case, which is a store-of-value currency," said Julio Moreno, head of research at CryptoQuant. Some investors had hoped ether could compete with bitcoin, whose rate of supply growth slows every four years after the halving. However, ether supply has been rising at a fast pace this year, and is on track to resume its pre-Merge levels in the next three months, according to CryptoQuant.

Persons: Ethereum, bitcoin's, hasn't, David Duong, Mike Colonnese, Wainwright, Julio Moreno, Vitalik Buterin, Duong, — CNBC's Michael Bloom Organizations: ETH, BTC, H.C, Citi, Lightning, Coinbase's Locations: Solana

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