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“In Springfield they’re eating dogs,” the former president said, referring to an Ohio city dealing with an influx of Haitian immigrants. On Sept. 6, there were 1,100 posts on X mentioning Haitians, migrants or immigrants eating pets, cats, dogs and geese, according to PeakMetrics, a research company. The Springfield rumor “made it to his desk. Another source close to Trump’s campaign said Trump and Vance did not discuss the Springfield issue ahead of the debate. “I don’t know what he was thinking,” a different Trump ally said of his choice to bring up the Springfield rumor unprompted.

Persons: Donald Trump, —, Kamala Harris, Sen, JD Vance, Ohio, ” Tim Murtaugh, Trump, Harris, ”, ” Sen, Lindsey Graham, ” Graham, Elon Musk, Vance, ” Vance, “, MAGA, David Muir, ” Rep, Byron Donalds, Laura Loomer, ” Loomer, ” “, “ It’s Organizations: “, Trump, NBC News, White, CNN, Nazi, Facebook, Springfield, Springfield News, NBC, ABC News, ” Locations: Springfield, Ohio, Trump, South Carolina, Columbus, Gab, Springfield Ohio, Springfield , Ohio, Clark County , Ohio, NatCon, United States, Florida, America

☆ 6 Wall Street experts share why investors could be overestimating how much the Fed will cut rates after August's inflation report
▼ + stars: | 2024-09-13 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

The print is causing concern that inflation may not be going away, which would mean higher interest rates than markets expect going forward. Skyler Weinand, chief investment officer, Regan CapitalWeinand says the market's current outlook on rate cuts will only take place if the economy deteriorates significantly. If inflation does slow that much, the Fed would likely cut rates faster than just a quarter percent per meeting over the next 3-6 months," Adams said in an email. "However, the stickiness of service price inflation and shelter inflation suggests the Fed will cut rates slower than financial markets currently price in." This would be a disappointment to short-term bond markets that have priced over 250 bps of rate cuts by the end of 2025."

Persons: Brian Rose, UBS Global Wealth Management Rose, Rose, Skyler Weinand, Regan Capital Weinand, Bill Adams, Adams, Peter Perkins, MRB Partners Perkins, Josh Jamner, ClearBridge Investments Jamner, Chris Zaccarelli, Zaccarelli Organizations: Service, CPI, Business, UBS Global Wealth Management, UBS Global Wealth, Fed, Comerica Bank, MRB Partners, Investment, ClearBridge Investments, Independent, bps

☆ Pilots who came within 150 feet of a crash in Austin share how they averted disaster
▼ + stars: | 2024-09-13 | by ( Pete Muntean | Marnie Hunter | ) edition.cnn.com time to read: +5 min

The pilots of a FedEx cargo plane couldn’t see the runway or the airfield at Austin-Bergstrom International Airport. On Thursday, another near-miss was added to the list when an Alaska Airlines plane and a Southwest plane nearly collided in Nashville. In some cases, hero pilots such as Bradeen and Carvajal have kept collision courses from turning deadly. But about three miles out from landing, they grew uneasy when an air traffic controller cleared the Southwest flight to take off in front of them. The pilots’ awareness was heightened, but Bradeen said he didn’t realize a collision was imminent until about 100 or 150 feet away.

Persons: they’re, “, ’, Robert Bradeen, CNN’s Pete Muntean, ” Bradeen, Captain Hugo Carvajal, Rob’s –, ‘, ’ ” Carvajal, Carvajal, Hugo Carvajal, Bradeen, they’ve, Hugo, ”, didn’t, Jason Ambrosi, Austin, Jennifer Homendy, we’re Organizations: CNN, FedEx, Bergstrom International, Southwest Airlines, National Transportation Safety, National Transportation, Alaska Airlines, Southwest Boeing, NTSB, FedEx Boeing, Southwest, Air Line Pilots Association, FAA Locations: Austin, Alaska, Nashville, Memphis

☆ The illegal maneuvers the rich use to get richer
▼ + stars: | 2024-09-13 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +8 min

Read previewTax evasion, insider trading, and money laundering. "There are routine categories of illicit acts that wealthy individuals often endeavor out of sheer greed," Matthew Barhoma, a Los Angeles defense attorney, told Business Insider. Insider trading is 'rampant' among some wealthy circlesAnother common unlawful method that some of the rich use to get richer is insider trading, according to the attorneys. Like insider trading, money laundering — a process used to conceal the source of illegally obtained cash — is another illicit tactic used by some wealthy individuals, according to the defense attorneys. "Having dealt a lot with people who devise these kinds of fraudulent financial transactions, I will say that many of them are absolutely brilliant," said Ressler.

Persons: —, Todd, Julie Chrisley, Chrisley, Mike, Matthew Barhoma, Barhoma, Tama Kudman, they've, Mark Ressler, he's, Uncle Sam, Kasowitz Benson Torres, it's, Kudman, Ressler Organizations: Service, Business, United States Treasury Department, Treasury Department, Defense, New Locations: —, Los Angeles, Switzerland, Cayman, New York City

☆ Trump wins a new, quicker path to SCOTUS overturning his felony conviction
▼ + stars: | 2024-09-13 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Read previewLate Thursday morning, Donald Trump lost his last state-level appeal of his hush-money gag order. These two new legal losses now leave the door open for Trump to run to the US Supreme Court, according to constitutional law expert Michel Paradis. New York CourtsBoth losses are eligible under federal statute for Trump to seek Supreme Court review, also known as petitioning for "certiorari," or "cert" for short. Related stories"Ordinarily, the Supreme Court will only agree to hear questions that were decided by a lower court. AdvertisementAnd because Trump is Trump — and because "the Supreme Court can basically do whatever it wants" — the former president will likely dream big, Paradis predicted.

Persons: —, Donald Trump, Michel Paradis, Trump, Paradis, Appeals, Donald Trump's, Hope Hicks, wouldn't, Bush, Gore Organizations: Service, Business, Trump, Columbia University School of Law, New Locations: Manhattan, New York, they're

☆ Trump had to front $145,000 to secure a rally space in Arizona amid reports he left an unpaid bill at the same venue in 2016
▼ + stars: | 2024-09-13 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Trump's campaign paid over $145,000 to secure a spot at the Tucson Convention Center for a rally. Local media said Trump failed to pay a bill for an event at the same venue in 2016. AdvertisementThe Trump campaign had to pay a deposit of over $145,000 to secure a spot at the Tucson Convention Center for a rally on Thursday. In a statement to Business Insider, the City of Tucson City Manager's Office confirmed that the Trump campaign had paid a deposit for estimated costs of $145,222.70 to use the Linda Ronstadt Music Hall at the venue. This story is available exclusively to Business Insider subscribers.

Persons: Trump, Trump's, Kamala Harris, —, Linda Ronstadt, Donald Trump, Bernie Sanders Organizations: Tucson Convention, Service, Business, Tucson City Manager's Office, City Locations: Tucson, Arizona, City, Tucson City

☆ Special needs trusts bring peace of mind to aging parents
▼ + stars: | 2024-09-13 | by ( Hannah Frances Johansson | ) edition.cnn.com time to read: +17 min

Because of her disability, Rachel doesn’t work. The SNT is in place to pay for unmet needs and enhance his quality of life after his parents die. Unlike SNTs, ABLE accounts can be owned and accessed directly by the person with the disability. However, like first-party SNTs, ABLE accounts may be subject to Medicaid payback after the individual with a disability dies. Like her mother, Rachel Tung has a love for San Francisco, its arts and its culture.

Persons: Linda Tung, Rachel, Tung, Tung’s, Rachel doesn’t, we’re, ” Tung, “, David Goldfarb, ” Goldfarb, they’re, ”, Stephen Dale, Amin Muhammad Amy Tessler, Scott, ” Tessler, Tessler, ” Dale, You’re, Goldfarb, ” Hall, Dale, Sabrina Padillo, —, Padillo, she’s, ” Padillo, fiduciaries, “ We’re, Tesslers, Scott ., SNTs, “ I’ve, Alisa Ferguson, Virginia’s, haven’t, ” Ferguson, Rachel’s, Rachel Tung, “ She’s, Amin Muhammad Mother, “ I’m, ” Rachel, … Everything’s, Hannah Frances Johansson, Amin Muhammad Organizations: Berkeley , California CNN, Population, Mercy, Hall Law Firm, Lawyers, Dale Law, Children, Housing, The Dale Law Firm, Services, San, Rehabilitation Care, Golden State, Trust, Alliance, Legion, de, Academy of Sciences, University of California, Graduate School of Journalism Locations: Berkeley , California, San, Golden, “, San Francisco, Dale, Pacheco , California, Sunflower, California’s East Bay, Oakland, Sunflower Hill, San Diego, Thailand, Berkeley, Santa Cruz, de Young, Castro

Colombian special forces deal with the country's most dangerous threats, like the illegal cocaine trade. We followed how top soldiers train for deadly secret missions. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?

Organizations: Business

☆ Elon Musk spent hundreds of thousands of dollars trying to unseat a Texas prosecutor, report says. It didn't work.
▼ + stars: | 2024-09-13 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +1 min

Elon Musk spent heavily in a failed attempt to unseat a Texas prosecutor, per a report. The Wall Street Journal said the Tesla CEO funneled money to a PAC to oppose José Garza in Texas. Musk channeled hundreds of thousands to the PAC, it said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk channeled hundreds of thousands of dollars to a Texas PAC he primarily funds to try to unseat a Texas prosecutor earlier this year, The Wall Street Journal reported, citing people familiar with his involvement, as well as Federal Communications Commission filings and corporate documents.

Persons: Elon Musk, José Garza, It's, he's, —, Elon Organizations: Street Journal, Service, Texas PAC, Federal Communications, Democratic, Business Locations: Texas, Travis County

☆ The US drinking age law could be a model for fixing the housing crisis
▼ + stars: | 2024-09-13 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

So, they tend to use federal funding to reward housing policies they like. One example of the kind of bold federal law that some point to as a model has nothing to do with housing. In a recent op-ed in the New York Times, Harvard economist Edward Glaeser argued that the next administration should implement a housing construction law that follows the model of the Drinking Age Act. Metcalf, who also pointed to the drinking age law as a model for a housing mandate, conceded that the politics of it would be tricky. "The key question would be whether Congress has overstepped the blurry line between inducement and coercion," Hemel told Business Insider.

Persons: —, Ronald Reagan, Edward Glaeser, Glaeser, Ben Metcalf, Kamala Harris's, Metcalf, Daniel Hemel Organizations: Service, Business, Republican, New York Times, Harvard, Terner Center, Housing Innovation, UC Berkeley, Democratic, New York University, Hemel Locations: Washington

☆ Waymo and Tesla have opposite problems as they compete for driverless tech dominance
▼ + stars: | 2024-09-13 | by ( Katherine Tangalakis-Lippert | Lloyd Lee | ) www.businessinsider.com time to read: +6 min

Read previewTwo major players — Tesla and Waymo — are battling for dominance in the driverless tech sector. "I think that Tesla has a software problem, and I think Waymo has a hardware problem, is the way I put it — and I think software problems are much easier." AdvertisementHe viewed Tesla as a "pioneer" in using machine learning for its autonomous driving software. But he also argued that Tesla's autonomous hardware hasn't solved the driverless equation. Waymo, on the other hand, produces an autonomous driving system capable of eliminating a human driver.

Persons: —, — Tesla, Waymo, Tesla, Andrej Karpathy, I'm, Karpathy, it's, Dan O'Dowd, Elon, Musk's, Kevin Chen, Chen, they're, you've Organizations: Service, Business, EV, The, Elon Musk's Locations: San Francisco , Los Angeles, Phoenix, Austin, who's, San Francisco

☆ 'Shark Tank' star Kevin O'Leary warns couples not to combine finances: 'I don't care how in love you are'
▼ + stars: | 2024-09-13 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Kevin O'Leary says couples shouldn't combine their finances. Maintaining a financial identity is vital in case of break up or death, the "Shark Tank" star says. Go to newsletter preferences Thanks for signing up! But if they break up, joint accounts can be a knotty mess to untangle and might leave them high and dry in the credit-driven US economy, Kevin O'Leary says. "What I tell everybody to do in a relationship is have your own account, your own credit card, never merge your finances together," the "Shark Tank" star said in a Fox News clip posted to his Instagram on Wednesday.

Persons: Kevin O'Leary, O'Leary, —, they're Organizations: Service, Fox, Business

☆ Sam Altman tells Oprah he talks about AI with someone in government every few days
▼ + stars: | 2024-09-13 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +1 min

Sam Altman said he talks to someone in the government every few days. The OpenAI CEO sat down with Oprah Winfrey to discuss the future of artificial intelligence. Altman cited the need for a good working relationship between AI companies and the US government. AdvertisementOpenAI CEO Sam Altman said he regularly communicates and works with the US government. The billionaire discussed his working relationship with Washington, DC, in a primetime interview with Oprah Winfrey on Thursday.

Persons: Sam Altman, Oprah Winfrey, Altman, —, Winfrey, Bill Gates, Christopher Wray Organizations: Service, ABC, Microsoft, Business Locations: Washington, DC

☆ Mark Cuban says he doesn't hate Donald Trump, he just thinks the man was and will be a 'lousy president'
▼ + stars: | 2024-09-13 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Mark Cuban says he doesn't hate Donald Trump. The "Shark Tank" star endorsed Kamala Harris and has been a vocal critic of Trump's policies. I just think he was and would be a lousy president," Cuban said. AdvertisementMark Cuban is backing Vice President Kamala Harris this election, but the billionaire says he doesn't hate her opponent, former President Donald Trump. The "Shark Tank" star has been a vocal critic of the Republican nominee's candidacy and policies.

Persons: Mark Cuban, Donald Trump, Kamala Harris, —, Trump Organizations: Service, Republican, Cuban, Business Locations: Cuban

☆ Life feels darker in Springfield, Ohio, since Trump made it his wildest debate talking point, locals say
▼ + stars: | 2024-09-13 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +7 min

But now, the once-quiet Ohio town located between Dayton and Columbus has been catapulted out of obscurity for a wildly different reason. AdvertisementThe chaos reached a fever pitch on Tuesday night after Trump mentioned Springfield during his presidential debate with Vice President Kamala Harris. AdvertisementAn AI-generated image of former President Donald Trump carrying cats away from Haitian immigrants, a reference to falsehoods spread about Springfield, Ohio. Springfield, Ohio, has a population of a little under 60,000. halbergman/Getty ImagesOne of the good things, she added, is the work being done by some residents to support Haitians living there. Springfield's Haitian community, against their will, is the collateral damage.

Persons: —, Sara Bear, Donald Trump, Kamala Harris, ziJmaDEPV3 — AJ Huber, Trump, REBECCA, Bear, ROBERTO SCHMIDT, Springfield —, Jessica Eikleberry, It's, Olivia Parkinson, Parkinson, Marjory Wentworth, Wentworth, Sen, JD Vance, Marco Lapaix, Lapaix Organizations: Service, Springfield, Business, BI, Springfield Facebook, Trump, Washington Post . Police, Hall, Getty, Facebook Locations: Springfield, Ohio, Dayton, Columbus, Springfield ., Haitian, Springfield , Ohio, Springfield's, Mexican, Nazi

☆ Here are Friday's biggest analyst calls: Nvidia, Netflix, Tesla, Kroger, Arm, Oracle, Eli Lilly, PNC, GE Vernova & more
▼ + stars: | 2024-09-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: Raymond James initiates Arm as outperform Raymond James said the semis company is well positioned for AI. Citi downgrades Capri Holdings to neutral from buy Citi said the risk/reward is more balanced for the owner of brands like Michael Kors. UBS reiterates Oracle as buy UBS raised its price target on the stock to $200 per share from $175. The feedback on Oracle's top-line growth was overall positive..." UBS reiterates PNC as buy UBS said the bank is a high conviction idea. " Citi resumes Eli Lilly as buy Citi resumed coverage of the stock and says it's well positioned.

Persons: Raymond James, Jefferies, SLG, CFRA, it's, datopotamab, Michael Kors, haven't, Morgan Stanley, EQT, Citi, Eli Lilly, Lilly, Tesla, BEV, Wells Organizations: Arm Holdings, ARM, Citi, Green, Kroger, Macquarie, Rio Tinto, Deutsche Bank, AstraZeneca, Deutsche, Capri Holdings, Barclays, Garmin, GM, BMO, GE, UBS, Oracle, Oracle's, PNC, JPMorgan, Netflix, JPMorgan downgrades Moderna, Nvidia, NVIDIA Locations: GenAI, New York, Rio, RIO, Las Vegas

☆ 14 wonderful things that happened on Friday the 13th
▼ + stars: | 2024-09-13 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +1 min

Traditionally, Friday the 13th is considered a "cursed" date, b ut it doesn't have to be. 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 . In fact, the global economy is estimated to lose as much as $900 million every time a Friday lands on the 13th. This story is available exclusively to Business Insider subscribers.

Persons: Johnson, — Organizations: Service, Dutch Center for Insurance Statistics, Business

☆ Berkshire's vice-chair just cut his stake in Buffett's company
▼ + stars: | 2024-09-13 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +1 min

Ajit Jain, Berkshire's vice-chair sold $139 million of the company's shares on Monday. Jain will have $112 million left in shares, owned by himself, his family trusts, and his nonprofit. 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 . AdvertisementAjit Jain, the vice-chair of Berkshire Hathaway and the head of its insurance operations, cashed out big from the company, selling over half his stake in Warren Buffett's empire.

Persons: Ajit Jain, Jain, Warren Buffett, —, Berkshire Hathaway Organizations: Service, Securities and Exchange Commission, Business Locations: Warren Buffett's

☆ It looks like the commercial-real-estate market has finally bottomed out — and experts say it's time to invest
▼ + stars: | 2024-09-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Read previewThe embattled commercial-real-estate market may finally have a few things going its way, according to recent data. That left owners with harder-to-pay debt, made worse by high interest rates and tighter bank lending. AdvertisementYet lending volumes are slightly improving, Moody's said. Related storiesMoody's expects bank lending to turn positive by the end of 2024. As these lenders are most exposed to commercial real estate, some analysts have said that hundreds of banks risk failing in the next few years.

Persons: —, Moody's, they've, Matt Salem, Dakota Sagnelli Organizations: Service, Business, Wall, KKR Locations: Dakota

☆ CNBC Daily Open: All key data is in — and it's made the Fed's policy path more uncertain
▼ + stars: | 2024-09-13 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Last Friday, the August employment report showed the number of jobs added was lower than expected but higher than the previous month. Wednesday's CPI report showed the lowest 12-month inflation rate in two-and-a-half years. In short, the data hasn't cleared up whether the Fed will cut by 25 or 50 basis points. They think there's a 57% chance of a 25 point cut and 43% of a 50 point one, according to the CME FedWatch tool.

Persons: Stefani Reynolds, We've, Wednesday's, Jeff Cox, Pia Singh, Sarah Min Organizations: Eccles Federal Reserve, Bloomberg, CNBC, U.S . Federal Reserve, PPI Locations: Washington ,

☆ The shocking twist ending of Brandy's new A24 horror movie might not be what you think, says 'The Front Room' directors
▼ + stars: | 2024-09-13 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +12 min

Read preview"The Front Room" marks Brandy's big return to the horror genre, over 25 years after starring in "I Still Know What You Did Last Summer." Related storiesThe short story is a really terrifying piece, but I think we wanted to get a little more outrageous. From an archetypal standpoint, I think Solange represents the wickedest of wicked stepmothers. Sam: There was stuff in the script that was specific, but of course, I think Kathryn brought her own magic to it. AdvertisementIt's left up in the air whether Solange actually is in touch with some otherworldly power, with hints like Belinda's C-section scar rapidly healing and Solange somehow knowing Wallace's name.

Persons: —, Belinda, Wallace, Solange, Kathryn Hunter, Norman's, Norman, Andrew Burnap, begrudgingly, Solange doesn't, Laurie, who'd, Sam, Max Eggers, Brandy, Brandy Norwood, Jon Pack, Susan Hill, we'd, you've, it's, Max, We're, …, Jane, Kathryn, There's, Andrew ., It's, Deborah Kerr Organizations: Service, Business Locations: —, England, Solange's

☆ I went to Big Lots and saw why the chain is closing stores and filing for bankruptcy
▼ + stars: | 2024-09-13 | by ( Alex Bitter | ) www.businessinsider.com time to read: +1 min

Big Lots filed for Chapter 11 bankruptcy this week and is planning hundreds of store closures. I visited a Big Lots store in Maryland to see what it's like to shop there. Go to newsletter preferences Thanks for signing up! It's also planning to shutter 295 of its roughly 1,400 stores, according to a filing in Delaware's bankruptcy court. Private equity firm Nexus Capital Management plans to acquire Big Lots for an undisclosed amount after it emerges from bankruptcy, the retailer said on Monday.

Persons: —, It's Organizations: Nexus Capital Management, Service, Business Locations: Maryland

☆ Justin Timberlake's post-guilty-plea advice: 'Take an Uber'
▼ + stars: | 2024-09-13 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Justin Timberlake pleaded guilty to driving while impaired — a noncriminal traffic violation. The judge initially said the plea was "surprisingly favorable" to Timberlake. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJustin Timberlake took a plea deal in his DWI case — and warned others against driving while intoxicated. The judge ordered Timberlake to volunteer for 25 hours of community service, as well as make a public-safety announcement, CNN said.

Persons: Justin Timberlake, Timberlake, —, Edward Burke Jr Organizations: Service, CNN, Business

☆ Putin threatens war with the West and NATO, expels UK Diplomats
▼ + stars: | 2024-09-13 | by ( Erica Star Domena | Selima Hussain | ) www.businessinsider.com time to read: 1 min

Russian Prime Minister Vladimir Putin drew a new red line as the possibility of the US supplying Ukraine with long-range missiles may become a reality. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?

Persons: Vladimir Putin Organizations: Russian, Ukraine, Business

☆ My mom lives rent-free in my house. I love the childcare support, but setting household expectations makes me want to throw up.
▼ + stars: | 2024-09-13 | by ( Emylee Williams | ) www.businessinsider.com time to read: +6 min

My mom moved in when she was 55, admittedly a little early. Even though my mom is now working full-time, our multigenerational setup still works for our childcare needs and her financial goals. AdvertisementLogisticsWhen my mom moved in, there was a learning curve, and still is, as to where everything goes. My mom moved around and whittled her belongings down, but somehow, she filled three rooms at my house and a storage unit. I see my mom having so many special moments with our daughter.

Persons: —, We're, I've, We've Organizations: Service, Business, Costco

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