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Even though the Federal Reserve has begun cutting interest rates, it's still possible to lock in a competitive rate on a certificate of deposit. That means you could earn $400 to $500 on a $10,000 deposit in one year with a CD, compared with just $57 with a savings account. That's about the best interest rate you can find without investing the money, which carries a higher degree of risk. However, with a CD, the trade-off for a good interest rate is that your money is locked in for a set term of several months or years. "CDs are a great place for your cash if you don't need the money for a specific amount of time," says Jeremy Keil, a certified financial planner in Wisconsin.
Persons: Jeremy Keil Organizations: Federal Reserve Locations: Wisconsin
CNN —Special counsel Jack Smith on Friday released nearly 2,000 heavily redacted pages of documents in his 2020 election subversion criminal case against former President Donald Trump, revealing snippets of the evidence Smith relied on to charge the former president. The documents were released a day after Judge Tanya Chutkan rejected a bid by Trump to pause the release. Others include a myriad of claims of voter fraud during the 2020 election. The final volume includes memos from lawyer John Eastman with a plan for Pence to reject the congressional certification of the 2020 election. Prosecutors have charged Trump with four crimes stemming from his actions following his 2020 election loss, including conspiracy to defraud the United States and obstruction.
Persons: Jack Smith, Donald Trump, Smith, Trump, Mike Pence’s, , let’s, Coke, I’m, Tanya Chutkan, ” Chutkan, What’s, Here’s what’s, Pence, didn’t, John Eastman, Trump’s, Chutkan Organizations: CNN, White, Republicans, White House, Trump, Capitol, Prosecutors Locations: Georgia, Trump, United States
They’ve become a part of the fabric of New York City life, slipping in and out of subway cars and calling out to riders as they try to sell their wares, typically an assortment of candy bars and gum. Often the candy and fruit vendors are migrant women, sometimes seen with their young children in tow. A city-run program called Promise NYC has tried to ease some of the challenges by partnering with local organizations to provide free child care through subsidy payments to child care centers that enroll migrant children. A survey conducted by Algun Dia, the migrant vendors outreach project, found that the need stretched across many families. “We found that 84% of the individuals that we had surveyed were vending out of necessity, and they were doing so because of their lack of child care.
Persons: They’ve, Algun Dia, Lorena, ” Lorena, It’s, , Liza Schwartzwald, Tiffany Hervas, Hervas Organizations: NBC News, U.S, NBC, Food, city’s Sanitation Department, NBC News New York City, New York City, New York Immigration Coalition, Algun Locations: New York City, Manhattan, Queens, Algun, U.S, Ecuador, New York
CNN —The Israeli military confirmed on Thursday that Hamas leader Yahya Sinwar, believed by Israel to be chief architect of the militant group’s deadly October 7, 2023, terror attack that set off the war in Gaza, had been killed in battle. After completing the process of identifying the body, it can be confirmed that Yahya Sinwar was eliminated.”Two Israeli sources familiar with the matter told CNN earlier that Israeli forces encountered Sinwar during a routine military operation. Sinwar, pictured center, attends the funeral of a senior Hamas militant alongside Ismail Haniyeh in Gaza City in 2017. A longtime figure in the Islamist Palestinian group, Sinwar was responsible for building up Hamas’ military wing before forging important new ties with regional Arab powers as the group’s civilian and political leader. He was elected to Hamas’ main decision-making body, the Politburo, in 2017 as the political leader of Hamas in Gaza branch.
Persons: Yahya Sinwar, Sinwar, ” “, Israel, Ismail Haniyeh, Mohammed Salem, Reuters Sinwar, , Mohammed Deif, Al, Marwan Issa Organizations: CNN, Israel Defense Forces, ISA, Southern Command, 828th Brigade, Israeli Army Radio, IDF, Hamas, Reuters, Israel, , US Department of State, Biden Locations: Israel, Gaza, Hamas, Gaza City, Gaza . Israel, Sinwar, United Kingdom, France
Wall Street's biggest banks face a less profitable lending environment as interest rates fall. Bank bosses shrugged off those concerns this week and pointed to several benefits of lower rates. AdvertisementLending threatens to become far less lucrative for Wall Street's biggest banks as interest rates fall. But he said the Fed's jumbo rate cut might have sparked more activity in debt capital markets recently. AdvertisementCEO David Solomon said the Fed's first rate cut has raised hopes of avoiding a US recession, which could translate into more economic activity.
Persons: shrugged, , Alistair Borthwick, Banks, Jane Fraser, Fraser, Mark Mason, Wells, Charles Scharf, Wells Fargo, Morgan Stanley, Sharon Leshaya, Citi's Fraser, Jeremy Barnum, Barnum, Goldman Sachs, David Solomon, BoA, Goldman Organizations: Bank, Service, Wall, Federal Reserve, Bank of America, Citigroup, Citi Locations: refi
Independent power producers Vistra , Constellation Energy and Talen Energy are positioned to benefit from a "paradigm shift" in electric demand from artificial intelligence data centers, according JPMorgan. "We see structural tailwinds, including manufacturing onshoring, broader electrification trends (transportation, heating, and more), as well [as] data center development underpinning a paradigm shift in power demand," Tonet and his team told clients in research report. Demand from tech companies for carbon-free power to drive their data centers will transform nuclear power and enable its owners to "command a substantial premium," they wrote. CEG 1Y mountain Constellation Energy shares over the past 12 months. TLN 1Y mountain Talen Energy stock over the past year
Persons: Jeremy Tonet, Tonet, Vistra Organizations: Constellation Energy, Talen, JPMorgan, Lone Star State, VST, Microsoft, Constellation, Amazon Web Services, Susquehanna, Energy Locations: Wednesday's, Texas, Pennsylvania
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CNN —The Biden administration sent a letter to the Israeli government demanding it act to improve the humanitarian situation in Gaza within the next 30 days or risk violating US laws governing foreign military assistance, suggesting US military aid could be in jeopardy. The Sunday letter, jointly written by US Secretary of State Antony Blinken and Secretary of Defense Lloyd Austin, is addressed to Israeli Minister of Defense Yoav Gallant and Minister of Strategic Affairs Ron Dermer. It marks a significant new step by the US to try to compel Israel to facilitate the delivery of humanitarian aid into Gaza. The deadline falls after the US presidential election on November 5. This story is breaking and will be updated.
Persons: CNN —, Biden, Antony Blinken, Defense Lloyd Austin, Yoav Gallant, Ron Dermer, , , ” Blinken, Austin Organizations: CNN, Defense, Strategic, US, US State and Defense Locations: Gaza, Israel, norther
Woman killed by malfunctioning ottoman bed
  + stars: | 2024-10-14 | by ( Issy Ronald | ) edition.cnn.com   time to read: +2 min
London CNN —A 39-year-old British woman was killed when a malfunctioning ottoman bed fell on her neck and asphyxiated her, a coroner’s report said. Ottoman beds have a base that can be raised – usually using gas-lift hydraulics – to access a storage space underneath. The mattress platform on Davey’s bed fell unexpectedly, “trapping her neck against the upper surface of the side panel of the bed’s base,” Chipperfield explained. I dropped everything that I was holding and tried to lift the top of the bed off her head. The bed was no longer a soft close and could fall heavily if it was released.
Persons: Helen Davey, , Jeremy Chipperfield, ” Chipperfield, ” Davey, Elizabeth, ” Elizabeth, , Chipperfield, Jonathan Reynolds, coroners Organizations: London CNN, Locations: England
With the 2024 election nearing, questions arise about whether Trump will accept the results if he loses. That "always claim victory" rule came into play during the 2020 presidential election. David Becker/Getty ImagesThe 2024 presidential election, in which Trump seeks to reclaim the presidency against Vice President Kamala Harris, is now less than a month away. The question of whether Trump will accept the results of this election remains unclear. Maria Bakalova as Ivana Trump and Sebastian Stan as Donald Trump in "The Apprentice."
Persons: Ali, Roy Cohn's, , Ali Abbasi's, Donald Trump, Sebastian Stan, Roy Cohn, Jeremy Strong, Tony Schwartz, Cohn, Trump, he'd, Joe Biden, Trump insurrectionists, David Becker, Kamala Harris, Abbasi, Maria Bakalova, Ivana Trump, doesn't, Steven Cheung Organizations: Trump, Service, Pro, Capitol, Big League, CBS News, Business Locations: New York, Vegas, Scythia, United States
Tesla's robots serving drinks and talking to guests at the "We Robot" were partly controlled by humans. Please be nice to the Optimus robots. Tesla's Optimus robots walked into the spotlight at the company's "We, Robot" event. Videos of guests' interactions with the Optimus robots posted online underscored that humans were involved. Tesla has said it's already deployed two Optimus robots on its factory floor, though it is unclear what tasks they are completing.
Persons: Tesla, , Elon Musk, Optimus, Musk, you'll, livestream Morgan Stanley, I'm, Jeremy Judkins, Josh Wolfe, it's Organizations: Service, Optimus, Lux Capital, Tesla
The Trump campaign taps Lara Trump to encourage voters to vote early and by mail Earlier this year, the RNC co-chair voiced a robocall falsely alleging massive fraud occurred in the 2020 election due to mail ballots. Last month, at a rally in Indiana, Pennsylvania, Trump disparaged early voting, and promoted it, in the same breath. … Whether you vote early, absentee, by mail or in person, we’re going to protect the vote.”The Republican parties in Arizona and Nevada also tapped Lara Trump to voice robocalls promoting early and mail voting, despite previously echoing her father-in-law’s rhetoric on early voting. “So, get out there, encourage others to vote early and remind them just how critical this election is. When we vote, we win.”Lara Trump encourages Nevada voters to vote early and by mail The Nevada Republican Party tapped Lara Trump to encourage Nevadans to vote early and by mail.
Persons: Donald Trump’s, Hurricane Helene, Trump, Lara Trump, Trump’s, robocall, North, Hurricane Helene –, Donald Trump, Cecile Clocheret, , , Sean Morales, Doyle, ” Morales, ., Susie Wiles, Chris LaCivita, ” “, , ’ Trump, Republican National Committee’s, We’ve, Let’s, ” Trump, we’re, Kamala Harris, Bill Pugliano, ” Lara Trump, Nevadans, CNN’s KFile, Roy Cooper, Allison Joyce, Bob Phillips, Helene, Hurricane Milton –, Anna Kelly, Morales Organizations: CNN, Republican National Committee, Trump, RNC, Getty, Brennan Center for Justice, North, North Carolina General Assembly, Republican National, Detroit Economic Club, Republican, Nevada, Nevada Republican, Democratic Gov, Republicans, Trump Campaign, Brennan Locations: North Carolina, Hurricane, Pennsylvania, Georgia , Wisconsin , Arizona , Nevada, Michigan, Georgia, Houston, AFP, . North Carolina, North Carolina’s, Indiana , Pennsylvania, Arizona, Nevada, American, Rock , North Carolina, Florida
Fed rate cuts are likely to help push bitcoin and other risk assets higher, but some stablecoin issuers could suffer a hit to their revenue. Tether (USDT) and USD Coin (USDC) dominate the market, making up 70% and 21%, respectively, according to CryptoQuant. "As rates begin to fall, that has a giant impact on their [profit and loss] and their bottom line." Stablecoins – cryptocurrencies that promise a fixed value peg to another asset, usually the U.S. dollar – are widely seen as crypto's killer app. Jeremy Allaire, CEO of USDC issuer Circle, told CNBC lower interest rates are "a very good thing" for the company because lower interest rates will likely increase investment and economic activity – which would benefit the company.
Persons: Bernstein, Kevin Lehtiniitty, they're, Wainwright, Kevin Dede, Jeremy Allaire, Allaire Organizations: U.S ., CNBC
Roblox stock closed at $41.60 on Friday, slightly above where it was earlier in the week when Hindenberg published its research. Related storiesIn the wake of the report, Wall Street and investors seemed to largely stick by the company. AdvertisementRoblox, which primarily makes its money from sales of online currency and items, has been working to grow its advertising business. The report could hinder Roblox's ad businessDespite Roblox's nearly immediate stock recovery and support from Wall Street, the report and related issues could have implications for Roblox's advertising business. Its ad business is barely a rounding error today, but Roblox is still not profitable, so it's trying hard to change that.
Persons: Hindenburg, , Roblox, It's, Hindenberg, Piper Sandler, Ron Kerbs, Roblox's, Roblox isn't, Jeremy Goldman Organizations: SEC, Wall, Service, Hindenburg, Securities, Exchange, Wall Street, Wedbush Securities, WPP, New, Bloomberg Businessweek, Walmart, Warner Bros . Pictures, Facebook, YouTube Locations: Roblox
“I think instinct is everything, and collaboration,” Stan said in a recent interview with CNN. CNN reported in May, around the time of the film’s premiere at the Cannes Film Festival, that Trump’s team was considering a lawsuit over the film’s release and distribution. “This garbage is pure fiction which sensationalizes lies that have been long debunked,” Steven Cheung, a Trump campaign spokesperson, said in a statement to CNN at the time. In an interview with CNN, the film’s director Ali Abbasi questioned whether US audiences would ever get to see it. “So that became the red thread through the story, and we organized everything around it, and that was very helpful.”“The Apprentice” is now playing in theaters.
Persons: Sebastian Stan, Donald Trump, Jeremy Strong, Roy Cohn, Maria Bakalova, Ivana Trump, Stan, , ” Stan, , Cohn, Will Brill, Al Pacino, Strong, ” Strong, It’s, ” Steven Cheung, Ali Abbasi, ” Abbasi, Roy Organizations: CNN, Republican, , HBO, Cannes Film, Trump Locations: America
Insurance experts said the back-to-back hurricanes could signal rising insurance rates nationwide. AdvertisementTwo back-to-back hurricanes in Florida in recent weeks will likely raise home insurance rates even higher in a state that is already grappling with prices nearly four times the national average, insurance experts told Business Insider. The compounding financial crises of Hurricane Helene and Hurricane Milton could also point to looming hikes in insurance rates nationwide, the home insurance experts said. They pointed to the recent Florida storms as examples of the increasingly severe and frequent climate catastrophes wreaking havoc on the global insurance market. AdvertisementAn uptick in reinsurance rates in recent years has been a driving force behind climbing insurance rates nationwide, said Kyle Ulrich, president and CEO of the Florida Association of Insurance Agents.
Persons: , Kyle Ulrich, it's, Hurricane Helene, Hurricane Milton, Jeffrey Schlegelmilch, Oscar Miniet, Miniet, Coral, Milton, Helene, Shahid Hamid, Jeremy Porter, Porter, Hamid, Ulrich, Oscar Seikaly, Penny, Liao Organizations: Service, Florida Association of Insurance, Intercontinental Exchange, CBS News, Columbia Climate School's, Center for Disaster Preparedness, Tampa, Florida International University, Research Center's Laboratory for Insurance, Financial, Economic Research, Allstate, State, Florida Association of Insurance Agents, NSI Insurance, Hurricanes Locations: Florida, Hurricane, California, Illinois, Arkansas, Deltona, Jacksonville, Sarasota, Central Florida, Kentucky, Idaho, London, Bermuda, Japan
Trump’s re-election campaign has excoriated the project, calling it “pure malicious defamation” and “garbage,” and sent the producers a cease-and-desist letter. Vanity Fair journalist Gabriel Sherman, who wrote the screenplay, draws a direct line between Cohn’s bare-knuckle tactics and Trump’s modern-day political persona. In one graphic scene, the dramatized Trump character sexually assaults his first wife, Ivana Trump (played by Maria Bakalova), after a bitter argument. In another notable sequence, Trump’s character goes under the knife for scalp reduction surgery and a liposuction procedure. “You might find some of these character questions you have about Trump answered,” Abbasi said.
Persons: Donald Trump, Trump’s, Ali Abbasi, Abbasi, , , McCarthy, Roy Cohn, Trump, Gabriel Sherman, Cohn, Jeremy Strong, Sebastian Stan, ” Abbasi, Sherman, Fred, Ivana Trump, Maria Bakalova, ” Pief, Steven Cheung, doesn’t, ” Cheung, Tom Ortenberg, , ” Ortenberg, Kevin Smith’s, Bill Maher’s “, Oliver Stone’s “, George W, Bush, Briarcliff, Jamal Khashoggi, Ortenberg, It’s Organizations: Cannes Film, Republican, New York, Manhattan, Vanity, NBC, Trump, Hollywood, Briarcliff Entertainment, Catholic League, Washington Post, Saudi, Variety Locations: Hollywood, American, Tehran, Copenhagen, , New York City, Saudi Arabian, Istanbul
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin bounces back to $62,000 as economic outlook remains in focus: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Jeremy Allaire, CEO of Circle, provides an update on the company's plans to go public and its strategy in a lower-rate environment.
Persons: explainers, Jeremy Allaire Organizations: CNBC Crypto, CNBC
Ali Abbasi's film 'The Apprentice' faced backlash from Donald Trump after its Cannes debut. Advertisement"The filmmakers now readily admit they fabricated scenes and created fake stories to fit some deranged narrative about President Trump that is completely untrue," Trump communications director Steven Cheung said Friday. Do a Donald Trump movie!" But frankly, my motivation was that it is not a Donald Trump movie. Maria Bakalova as Ivana Trump and Sebastian Stan as Donald Trump in "The Apprentice."
Persons: Ali Abbasi's, Donald Trump, Abbasi, , Ali Abbasi, Shelley, Sebastian Stan, Roy Cohn, Jeremy Strong, Stan, Strong, Maria Bakalova, Ivana Trump, Ivana, Trump, Gabriel Sherman, Michael Moore's, Trump's, Steven Cheung, Kamala, Kamala Harris, doesn't, You've, I'm, Roy, Donald, Roy Cohn's playbook, Gabe, Win McNamee, Sebastian, Jeremy, Maria, Martin Donovan, Fred, We're, John Nacion, don't, That's, wouldn't Organizations: Cannes, Trump, Service, York, Briarcliff Entertainment, Business, Zoom, Hollywood, White House, Coastal Carolina University Locations: New York City, Danish, Iran, York City, Hollywood, Cannes, Conway, SC, Scythia, Trump
That's because of a twisty backstory involving gun-shy Hollywood studios, a fledgling producer, and his father-in-law: Dan Snyder, a billionaire Trump supporter who initially bankrolled the movie. Related storiesYou got a Trump supporter to fund this movie, which in no way is a movie a Trump supporter would want to see, let alone fund. And so indirectly, a Republican Trump donor's money was paying for the production of this movie. The nightmare scenario would be that we shoot this movie and then Dan Snyder hates the movie and somehow is able to block it. AdvertisementThis will sound pretty cavalier from me, but: It seems like if there's an "unseeable Trump movie" that is going to immediately make people demand to see it.
Persons: Donald Trump's, Vanity Fair's Gabriel Sherman, , Donald Trump, Gabriel Sherman, Sherman, Roy Cohn, Trump, Sebastian Stan, Bucky Barnes, Cohn, Succession's, Jeremy Strong, you'd, Dan Snyder, humanizes Trump, I've, humanize Donald Trump, I'm, Roger Ailes, It's Donald Trump's, Mark Rapaport, He's, Snyder, Ivana, Dan, who've, unseeable, Jeff Bezos, doesn't, mishegoss, Time Warner Organizations: Trump, Service, Marvel, Hollywood, Fox News, YouTube, Republican, Washington NFL, NFL, Republican Trump, Cannes, Telluride Film, MGM, Washington Post, FCC, Justice Department, Time Warner, CNN, Time, DOJ Locations: New York City, Cannes, French, France, America, Hollywood
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect a 3-handle on the Fed funds rate by the middle of next year, says Wharton's Jeremy SiegelJeremy Siegel, professor emeritus of finance at University of Pennsylvania’s Wharton School of Business and Wisdom Tree chief economist, joins 'Squawk Box' to discuss the state of the economy, what to expect from the September CPI data, impact on the Fed's inflation fight, and more.
Persons: Wharton's Jeremy Siegel Jeremy Siegel Organizations: University of Pennsylvania’s Wharton School of Business
Sandra Guadarrama-Baumunk and her family holed up at a Disney resort hotel during Hurricane Milton. I was already in my pajamas when the fire alarm at our Disney Resort hotel went off at 9:30 p.m. on Wednesday. Hurricane Milton was predicted to strike in the early hours of the morning, and guests were instructed to be in their rooms by 8:30 p.m. for safety reasons. AdvertisementGuadarrama-Baumunk and her family with Tigger at their resort hotel at Disney World. AdvertisementDo you have an interesting story about Hurricane Milton to share with Business Insider?
Persons: Sandra Guadarrama, Hurricane Milton, , We'd, Helene, Milton, they'd, Tigger, Disney, we'd, Brian, Mia, Jeremy, It's Organizations: Disney, Service, Disney Resort, Hurricane, Business Locations: Hurricane, Florida, Phoenix, Sofia
A vintage expert with 20 years of experience says there are five telltale signs of a fake designer bag. Jeremy MoellerConsidering if a luxury bag is legit could come down to the nitty-gritty — because you must look at the finishings. Does it feel cheap and light, or does the fabric feel luxurious, like someone took the time to construct this properly? Do the engravings on the hardware look flimsy and shoddily put together? If you're holding a Fendi baguette bag, does the fabric or leather feel luxurious?
Persons: Gucci, Hermes, Louis Vuitton, , Koyaana Redstar, Kate Spade, I've, Jeremy Moeller, Marmont, Edward Berthelot, Birkin, Hermes Birkin, Louis, I'm, shoddily, Phillips, Chanel, flatheads, That's Organizations: telltale, Service, Luxe, eBay, Rebag, Gucci, Louis Vuitton Locations: Chanel
Business Insider interviewed 10 Cybertruck owners to hear what they thought of the vehicle. Business Insider spoke to 10 Cybertruck owners about their experience with the EV and the most notable parts of owning it. Several also owners told BI that the company could improve its customer support — whether it was being more transparent about delays or communicating updates. Cybertruck owners feel like celebrities — but you might get the finger while drivingWhile it doesn't happen often, getting flipped off seems to be a right of passage of sorts for most Cybertruck owners. Most of the interactions tend to be positive though, many of the owners told BI.
Persons: Tesla, , It's, Elon Musk, Kim Kardashian, Elon, Anthony Ardizzone, Royce —, Ardizzone, Jeremy Judkins, Lamar, Tommy Huynh, Austin, Stephen Kapusta, Jason Burtman, Jay O'Brien, he's, Joe Fay, Cybertruck, Getty, John Keeble Charlie Redmond, he's Elon Musk's, Lamar MK, O'Brien, Kapusta Organizations: Business, Service, EV, Honda, Royce, Getty, BI, Orlando Locations: Jupiter , Florida, North Carolina, Harrisburg , Pennsylvania, Kansas City , Missouri, Austin, Piermont , New York
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