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BERLIN, Vt. — This fall, hundreds of the most vulnerable people experiencing homelessness in Vermont must leave state-funded motel rooms where they’ve been living as the state winds down its pandemic-era motel voucher program. The move is prompting outcry from municipal leaders and advocates who say many don’t have a place to go. The biggest exodus — about 230 households — is expected on Thursday when they reach a new 80-day limit stay in the motel rooms that the Legislature imposed starting in July. A new 1,110-room cap on the number of motel rooms the state can use to house those people in the warmer months from April through November also kicked in Sunday. The households will be eligible for motel housing again on Dec. 1 as winter sets in.
Persons: they’ve, Jen Armbrister, I’ve, ” Armbrister, She’s, Bruce Jewett, They’re, I’m, , Heidi Wright, Armbrister, Wright, nothing’s, , William Fraser, Phil Scott, “ It’s, ” Scott, can’t Organizations: U.S . Department of Housing, Urban, Republican Gov Locations: BERLIN, Vt, Vermont, Montpelier, Barre, Berlin, ” Montpelier City, City, Chittenden County, Vermont’s, Burlington
Read previewMorgan Stanley has some disappointing news for investors: your taxes are probably going up in the next few years. But one strategist at Morgan Stanley says it's not that simple. Despite these differences, Morgan Stanley expects tax rates to increase no matter who takes office. And a divided Congress, which Morgan Stanley predicts is very likely in November, will only further reduce the likelihood of dramatic change. Typically, the stock market is more influenced by the business cycle than tax policy or political party, according to Morgan Stanley.
Persons: , Morgan Stanley, Trump, Kamala Harris, it's, Monica Guerra, Morgan Stanley Wealth Management's, Harris, Biden, There's, haven't, Guerra isn't, Guerra Organizations: Service, Business, Morgan Stanley Wealth, US, Trump, Republican, Democratic, Treasurys, New, Equity Locations: New York City
Recalibrate for risk Protecting your portfolio from sharp losses begins with understanding your comfort with risk and ensuring that your asset allocation reflects your long-term goals. "But over that period when markets were down, there were opportunities to harvest losses in stocks, individual names that experienced big pullbacks." And they've been a good buy for clients who are nearing retirement, seeking income and appreciate bonds' ability to offset stocks' volatility. Options for buffering losses Options are also playing a role in investors' portfolios as financial advisors try to mitigate volatility. Call options give investors the right to buy a stock at a specified strike price before a certain date.
Persons: Stocks, Goldman Sachs, Arun Prakash, Prakash's, Rafia Hasan, San, Hasan, they've, Andrew Herzog, We're, Herzog, he's, Gregory Guenther, Morningstar, " Guenther Organizations: Federal, Wealth Management, Fed, Treasury Bond ETF, SEC, GrantVest Financial Locations: San Francisco, Plano , Texas, Matawan , New Jersey
The Haitian Times, an online publication, has covered Haiti and the Haitian diaspora around the world since it was founded in 1999. Springfield, Ohio, was already on the Haitian Times’ radar well before the conspiracy theories began. The Haitian Times covered the comments aggressively — describing them as racist and false. The day after the debate, The Haitian Times published an article reporting that Haitian immigrant families in Ohio were “under attack” amid the intense swirl of false claims. Springfield’s city manager told the publication that it could not guarantee the safety of its staff, Haitian Times founder Garry Pierre-Pierre told CNN.
Persons: New York CNN — Macollvie Neel, , ” Neel, Neel, Donald Trump, JD Vance, Vance, Trump, , swatting, “ It’s, Garry Pierre, Pierre, “ I’m, ” Pierre Organizations: New, New York CNN, Haitian Times, CNN, Nazi, Facebook Locations: New York, Ohio, Haiti, Haitian, United States, South Florida, Massachusetts, Springfield , Ohio, Springfield, Springfield’s
With the Federal Reserve rate-cutting cycle expected to begin and the November election just around the corner, now could be a good time to invest in municipal bonds. Interest earned on municipal bonds are free from federal tax. Close said he is already seeing financial advisors start to position their muni portfolios in anticipation of changes. Unlike the Treasury market, the muni market yield curve is upward sloping, Close said. In addition, there's room for lower-rated municipalities to outperform, such as A, BBB and high yield, Norton said.
Persons: Matthew Norton, Norton, Dan Close, Close, It's, Paul Malloy, Malloy, it's, Vanguard's Malloy, Nuveen's Organizations: Federal, Democratic, White House, Congress, municipals, Vanguard, BBB, AAA, AA, Treasury, Investment Company Institute, Fed Locations: Nuveen, California , New York, New Jersey, New York, California, AllianceBernstein
How to make the Fed rate cut work for you
  + stars: | 2024-09-18 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +11 min
In its August survey of car shoppers, a majority (64%) said a Fed rate cut likely would affect the timing of their purchase. But here’s the thing: Car loan rates are pretty high — the average is 7.1% for new cars and 11.3% for used cars, according to Edmunds. If you do buy a home this year and are considering buying down points to reduce your mortgage rate, crunch some numbers first, Diodato advised. That’s because you will pay thousands of dollars to buy down your mortgage rate now, and then thousands more in fees to refinance. What to do if you’re not near retirement: Reconsider how much money you’re keeping in cash or cash-equivalent investments.
Persons: Jerome Powell, Powell, , , Greg McBride, McBride, Chris Diodato, Jessica Caldwell, ” McBride, Caldwell, We’re, Diodato, you’ll, won’t, Kathy Jones, Jones Organizations: CNN, Federal Reserve, Bankrate.com, Fed, Treasury, FDIC, Schwab Center, Financial Research, AAA, Bond Locations: Edmunds, Schwab.com
New York CNN —Elon Musk is using his social media platform to promote misinformation about the presidential candidates in the lead up to the November election, amplifying false claims Wednesday about a Trump rally bomb threat and immigrants eating pets in Ohio. Then on Wednesday, Musk reshared a bogus claim that a bomb had been discovered near the site of a planned Trump rally in Long Island. Musk’s own post has been earmarked with a crowd-sourced “community notes” fact-check that makes clear the claim was false. X did not respond to a CNN request for comment Wednesday on Musk’s posts. Musk is far from the only figure spreading false information on the platform, though he is easily one of its biggest voices.
Persons: New York CNN — Elon, Donald Trump, Musk, Biden, Kamala, , Kamala Harris, Musk’s, Trump, JD Vance, Nate Silver, Silver, Harris Organizations: New, New York CNN, Trump, ABC, Long Island . Police, CNN, Twitter Locations: New York, Ohio, Long Island, Springfield , Ohio, Springfield, Nevada , Wisconsin , Michigan, Pennsylvania
Longer-term investors should ignore the daily racket surrounding interest rates and focus on generating income over the next 10 years, according to New York Life economist and chief market strategist Lauren Goodwin. Where to invest: Bonds and AI The strategist posits that over the next decade, interest rates are likely to remain elevated as neither party takes on deficit spending. "So depending on the investor, what they're looking for, there is a way to balance this medium term potential for interest rate risk while still locking in higher rates." Goodwin also sees investing around AI as a smart strategy long term, with large investments in the area continuing. "But because we see not only the government and companies, but also the consumer use case for AI, we expect that investment to continue.
Persons: Lauren Goodwin, Goodwin, Dominic Chu, that's Organizations: York, CNBC Pro Locations: Huntington Beach , California
The Federal Reserve is widely expected to start cutting interest rates Wednesday afternoon. Those yields are expected to start coming down sharply as the Fed begins to ease back on generationally high rates. Adding some duration Duration refers to a bond's price sensitivity to changes in interest rates. A bond yield moves inversely to its price, so that when bond prices rise, yields decline. Though investors in the space may be concerned about prepayment risk, especially as interest rates come down and homeowners look to refinance, Cetera says that worry may already be priced in.
Persons: Kathy Jones, Tony Miano, Jones, Schwab's Jones, Gene Goldman, Goldman, James Shagawat, Shagawat Organizations: Federal Reserve, Treasury, Schwab Center, Financial Research, Wells, Wells Fargo Investment Institute, York Life Investments, Investment Management, Investors Locations: Wells Fargo, AdvicePeriod, Paramus , New Jersey
The Miami Heat on Monday blasted "hateful speech" aimed at Haitian immigrants, who have been targeted by baseless claims they're stealing and eating pets in Ohio. "The false narrative surrounding them is hurtful and offensive and has sadly made innocent people targets of hateful speech and physical threats," the team said in a statement on Monday. Several schools and municipal buildings were closed in Springfield last week after threats were called in to the Ohio community. The threats unfolded in the wake of wild and completely baseless claims of Haitian immigrants stealing and eating pets. Those lies have gained strength in the past week, with Tump and Vance spreading the fringe, far-right tales.
Persons: Donald Trump, JD Vance, Florida's, Vance, , he's, that'll, Vanessa Cardenas, Sophia Pierrelus Organizations: Miami Heat, Dade, NBC, CNN, Union, America's Locations: Ohio, Springfield , Ohio, Florida's Miami, Dade County, Springfield, “ State, Port, Columbus
It's September – and that means it's prime time to think about maximizing after-tax returns as the year winds down. Of course, there may be a price to pay for that performance: Uncle Sam will want his share of taxes. Here are a few steps that could help you hold onto more of your portfolio's returns this year. Munis spin out income that's free of federal taxes, and they may be exempt from state levies if the investor resides in the issuing state. By directly giving low basis highly appreciated stock (instead of selling the position and donating cash proceeds), you avoid incurring the capital gains tax.
Persons: it's, Sam, Nathan Hoyt, Joel Dickson, Vanguard's, Dickson, James Shagawat, Roth, Shagawat, Malcolm Ethridge, , Ethridge Organizations: Nvidia, Regent Peak Wealth, Investors, Roth IRA, Treasurys, Wealth Locations: Atlanta, AdvicePeriod, Paramus , New Jersey, New York , New Jersey, California, Rockville , Maryland
Former President Donald Trump is planning to visit Springfield, Ohio, "soon," a source familiar with the planning told NBC News. “In Springfield, [Ohio], they’re eating the dogs. They’re eating the cats. They’re eating — they’re eating the pets of the people that live there. Officials in Springfield and in Ohio have resoundingly condemned all allegations that immigrants in the city have been eating pets.
Persons: Donald Trump, Trump, Ohio Sen, JD Vance, Kamala Harris, ” Trump, Trump’s, Vivek Ramaswamy, Mike DeWine, DeWine, Springfield Mayor Rob Rue, Rue, Vance, ” Vance, , , Lara Trump, — Donald Trump Organizations: NBC News, Trump, Springfield Police Division, Ohio GOP Gov, ABC News, Springfield Mayor, NBC, Press, CNN, Republican National Committee, Fox News Locations: Springfield , Ohio, Springfield, Philadelphia, , Ohio, . Ohio
Mike DeWine on Sunday decried former President Donald Trump's baseless claims that Haitian immigrants in Springfield, Ohio were eating dogs and other pets as "garbage," but stopped short of directly condemning the former president and his running mate, Sen. JD Vance, for spreading the false claims. There’s no evidence of this at all,” DeWine said during an interview on ABC’s “This Week” when asked whether it’s responsible for Trump to push those false claims. Springfield Mayor Rob Rue has slammed the false claims and urged the public, especially prominent public figures, against amplifying them further. “Springfield is a beautiful community, and your pets are safe in Springfield, Ohio,” Rue told MSNBC’s “Katy Tur Reports” last week. We don’t need this misinformation.”Vance on Sunday pushed back on claims that the fringe online conspiracy of Haitian immigrants in Springfield, Ohio, eating pets is false, claiming that he has heard concerns from constituents on the matter.
Persons: Mike DeWine, Donald Trump's, Sen, JD Vance, , ” DeWine, DeWine, , Fran, we’ve, Trump, Vance, “ I’ve, Donald Trump, ” Trump, Kamala Harris, Harris, Springfield Mayor Rob Rue, ” Rue, MSNBC’s, Katy Tur, “ We’ve, ” Vance, Union ”, Biden, Margaret, Kamala Harris ’, I’ve Organizations: Gov, Trump, Republican, Springfield Mayor, Sunday, NBC, Press, CNN’s, Union, CNN, CBS Locations: Springfield , Ohio, Springfield, , Haiti, “ Springfield, CNN’s “ State, Ohio
SPRINGFIELD, Ohio — It was meant to be an event to help heal the community. Instead, Haitian residents and advocates were confronted by a small group of frustrated Springfield residents and at least one right-wing provocateur Saturday evening outside the local Haitian Community Help & Support Center. They questioned why so many immigrants had moved into Springfield “illegally,” a claim that city officials have repeatedly said is not true. Haitian residents and people who had gathered to support them deescalated the confrontation shortly before police arrived. Thrust into the national spotlight by baseless — and to many, racist — rumors of Haitian residents killing and eating wildlife and pets, its economic comeback has been dramatically overshadowed by tensions that once rarely reached beyond city council meetings.
Persons: , “ It’s, ” Colin Barclay, they’re, Rob Rue, it’s Organizations: Springfield, Support, City, Wittenberg University Locations: SPRINGFIELD , Ohio, Springfield
Juan Lopez was shot dead on Saturday night by several men as he headed home in his car from church, an official told Reuters, speaking on condition of anonymity. Residents take part in a protest after the murder of environmentalist Juan Lopez in Tocoa, Colon Department, Honduras, on September 15, 2024. “We demand clear and conclusive answers, this government must answer for the killing of our colleague Juan Lopez,” the group said in a post on social media. According to the commission, Lopez reported numerous threats, including from a gang member, a local businessperson, and a mining company representative. “We condemn the terrible murder of Juan Lopez, a human rights defender threatened for his work,” she said in a post on social media.
Persons: Juan Lopez, Lopez, Oscar Lanza, Carlos, , Alice Shackelford Organizations: Honduras Reuters, Reuters, Municipal Committee, Defense, Goods, Residents, Colon Department, Getty, Inter, American, Human, United Nations, Global Locations: TEGUCIGALPA, Honduras, Tocoa, San Pedro, America
“It just exploded into something I didn’t mean to happen,” Erika Lee, a Springfield resident, told NBC News on Friday. She has since deleted the Facebook post. She is also concerned for the safety of the Haitian community, which she said she did not intend to villainize en masse. “I feel for the Haitian community,” she said. Still, she never imagined that her Facebook post would set off a national news cycle.
Persons: ” Erika Lee, Lee, Kimberly Newton, NewsGuard, Newton, Newsguard, , hasn’t, Donald Trump, Ohio Sen, JD Vance, “ I’m, I’d, that’s, ” Vanessa Cárdenas, refor, MAGA, ” Lee, Springfield Organizations: NBC, Facebook, Local, Ohio, America's Locations: SPRINGFIELD , Ohio, Ohio, Springfield, Columbus , Ohio, Canton , Ohio, Springfield ,
In today’s edition, we explore how far-right activist Laura Loomer's access to Donald Trump is worrying his Republican allies. Plus, "Meet the Press" moderator Kristen Welker dives into the questions Kamala Harris and Trump danced around at the debate. One one side of the GOP, Sen. Lindsey Graham of South Carolina said Thursday that Loomer is “really toxic” and shouldn’t be in Trump’s circle. Sen. Thom Tillis of North Carolina on Friday called Loomer “a crazy conspiracy theorist” who was hurting Trump’s chances in the election. Because your running mate JD Vance has said that you would veto if it did come to your desk.
Persons: Laura Loomer's, Donald Trump, Kristen Welker, Kamala Harris, Trump, Laura Loomer’s, Jonathan Allen, Julie Tsirkin, Vaughn Hillyard, Laura Loomer —, Loomer, don’t, Sen, Lindsey Graham of, Thom Tillis, , Marjorie Taylor Greene, , Harris, “ Everybody’s, , Laura, Laura — she’s, Read, Henry J, Gomez, Brandy Zadrozny, Allan Smith, JD Vance, Vance, Linsey Davis, JD —, David Muir, , Joe Biden, Biden, “ Donald Trump Organizations: NBC, White House, Capitol, Republican, Trump, stoke, Republicans, U.S, GOP, Indian, Nazi, Facebook, , Press, ABC, JD, U.S . Capitol Locations: Loomer, Springfield , Ohio, Lindsey Graham of South Carolina, North Carolina, Georgia, Indian American, Springfield, Columbus, Ohio, Gab, Ukraine, Russia, U.S, Afghanistan
Students at Perrin Woods and Snowhill Elementary Schools in Springfield "were evacuated from their buildings to an alternate district location," school district spokesperson Jenna Leinasars said. A second email threatened multiple locations that included Springfield City Hall, Cliff Park High School, Perrin Woods Elementary School, Roosevelt Middle School, the Bureau of MotorVehicles and the Ohio License Bureau Southside, Graves added. Authorities, with the support of explosive detection canines, have conducted thorough inspections and cleared the facilities listed in the threats," Graves said in a statement. “Overall, we have not seen a substantial increase in all reportable communicable diseases," Cook said. Alicia Victoria Lozano reported from Springfield, Ohio, and David K. Li reported from New York City.
Persons: Perrin Woods, Jenna Leinasars, Leinasars, Karen Graves, Graves, Donald Trump, JD Vance, Vance, there's, Chris Cook, Cook, , Alicia Victoria Lozano, David K, Li Organizations: Perrin, Snowhill Elementary, Roosevelt Middle School, Springfield Police Department, Springfield City Hall, Cliff Park High School, Perrin Woods Elementary School, MotorVehicles, Bureau, Authorities, Local, FBI, Clark County Combined Health Locations: SPRINGFIELD , Ohio, Snowhill, Springfield, Ohio, Dayton, Columbus, Clark County, Springfield , Ohio, New York City
The bill — the Social Security Fairness Act — would repeal two rules that reduce Social Security benefits for workers and spouses, widows and widowers who also receive pension income. If brought to the House floor, the Social Security Fairness Act may pass, based on the 327 co-sponsors who are currently behind the proposal. The government pension offset reduces Social Security benefits for spouses, widows and widowers who also have pension income. But if she retirees and begins collecting the pension benefits she earned, that Social Security income may disappear. Eliminating the rules through the Social Security Fairness Act would also cost the program at a time when Social Security faces looming trust fund depletion dates, he said.
Persons: Abigail Spanberger, Garret Graves, There’s, , Emerson Sprick, , Sprick, Roger Boudreau, Boudreau, ” Boudreau, Paul Van de Water, Van, ” Van, Water, ” Sprick, it’s, ” Sen, Mike Braun, Organizations: Security, Social, Senate, Center, GPO, Social Security, Rhode Island American Federation of Teachers, Budget, Congressional, Republican
Rare bipartisan momentum is growing in the House of Representatives to force a vote on a bill that would address a topic Congress typically avoids — Social Security. The bill — the Social Security Fairness Act — would repeal two rules that reduce Social Security benefits for workers and spouses, widows and widowers who also receive pension income. The petition currently has 172 signatures out of the 218 signatures required for a vote, including 25 Republicans, according to Spanberger's office. If brought to the House floor, the Social Security Fairness Act may pass, based on the 327 co-sponsors who are currently behind the proposal. The WEP, in particular, is "deeply, incredibly misunderstood," which contributes to calls to simply get rid of the rule, Sprick said.
Persons: Abigail Spanberger, Garret Graves, Emerson Sprick, , Sprick Organizations: Security, Social, Finance, Senate, Center
Former President Donald Trump repeated again and again debunked rumors related to Venezuelan gangs in a Colorado town during Tuesday night’s presidential debate. But the property management company that owns the buildings blamed a Venezuelan gang for the rundown conditions. Aurora police haven’t yet determined whether the men in the video belong to a Venezuelan gang, KUSA reported. Protesters at a City Council meeting Monday object to what they say is the politicizing and exaggeration of an alleged Venezuelan gang problem in Aurora. “Voters can avoid having their votes co-opted by falsehoods by being aware of this trend and taking a few simple steps to confirm whether the claims they’re seeing are true.”
Persons: Donald Trump, Trump, , , ” Trump, frankensteining, Roberta Braga, Tren, ” Braga, what’s, ” Carlos Ordosgoitti, “ I’m, Juan Carlos Jimenez, David Zalubowski, KUSA, Mike Coffman, Mike Johnston, Coffman, Greg Abbott, ” Christina Veiga Organizations: Trump, News Literacy, Digital Democracy Institute of, NBC News, Residents, NBC, Denver Gazette, Aurora, Denver, , Hells Angels, Angels ’, Meta, University of Washington’s Center, KUSA, Republican, Texas Gov, Protesters, Aurora . Tri Duong / Sentinel Colorado, Locations: Colorado, Venezuelan, Aurora , Colorado, Aurora, Philadelphia, Americas, Aragua, U.S, Venezuela, Denver, Spanish, Colo, Brazil, , Angels ’ Colorado, Tren, Chicago, Aurora . Tri
CNN —Authorities in the Spanish city of Malaga have posted billboards that aim to educate tourists on appropriate behavior during their visit, including one that reminds them to wear clothes. Now, city hall has launched a campaign that aims to cut down on some of the more visible examples of bad behavior. “Both on the street and in public places always wear an upper garment for respect and hygiene.”Another billboard from the campaign. The city is one of many in Spain and its islands that is pushing back against the impact of tourism. In May, there were further crackdowns on party boats and public drinking on the islands of Ibiza and Mallorca.
Persons: Costa, , Amarachi Orie Organizations: CNN, Authorities, del Sol, Malaga Tourism, Costa del Sol, Locations: Spanish, Malaga, del, Andalusia, Spain, United Kingdom, Barcelona, Ibiza, Mallorca, Canary
There's a small part of the municipal bond market that could provide a big opportunity to investors, according to Nuveen. The Nuveen High Yield Municipal Bond Fund , which Close manages, has about 9% of its assets in charter school muni bonds. NHMAX 1Y mountain Nuveen High Yield Municipal Bond Fund Charter school bonds fund construction, renovation or the purchase of school facilities. There are currently about 8,000 charter schools in the United States serving 3.7 million students, according to the National Alliance for Public Charter Schools . Traditional K-12 bonds pay about 3.5%, while charter school bonds yield around 5% — a 150 basis point difference, Close said.
Persons: Dan Close, We've, there's, munis, Nuveen, Close Organizations: Municipal Bond Fund, muni, Municipal, Fund Charter, National Alliance for Public Charter Schools, AAA, AA, Standard, The Academy Charter School, Norton Science, Language Academy, of Peace Academy, St Locations: Nuveen, United States, Hempstead , New York, San Bernardino , California, Paul , Minnesota
The health care industry is still the leading job creator, though law enforcement is also seeing some momentum. A sizable chunk of those openings are in law enforcement. She added that there’s also been a huge spike in job postings on ZipRecruiter listing “law enforcement” as a desired skill. Bayer started the police officer application process with some reservations but eventually became convinced he was doing the right thing. But that could change if the job market keeps sliding.
Persons: George Floyd’s, That’s, , Julia Pollak, there’s, Ed Wessing, Mesa, , ” Wessing, “ That’s, Johnathan Severs, Ramonedward Bayer, Bayer, ” Bayer, Seattle . Pollak, ZipRecruiter Organizations: Washington CNN, Labor Department, Police, CNN, “ Police, Mesa Police, The Mesa Police Department, Mesa, Hire, US Army, Seattle Police Department Locations: Phoenix, Mesa, Gilbert, Scottsdale, Chandler, Tempe, Colorado Springs , Colorado, Seattle
CNN: What exactly are PFAS chemicals? They are in nonstick surfaces; they’re used in firefighting foams, protecting packages from grease, and waterproofing of carpets and your clothing. Because of the structure of these chemicals, they’re able to have these (nonstick, water-repellent and temperature-regulating) properties. Water is a common route of exposure — drinking water from your municipal water sources in your home are contaminated with PFAS chemicals. There are new ones being created all the time, so we don’t even know all the potential PFAS chemicals that are out there.
Persons: Carmen Marsit, Marsit, Rollins, Here’s, they’re, , They’ve, Syd White, They’re, It’s, we’re Organizations: CNN, Research, Rollins School of Public Health, Emory University, National Health, Getty, Environmental Protection Agency, Food, Drug Administration Locations: United States, PFAS
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