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Artistic gymnastics at the Paris Olympic Games came to a dramatic end Monday, as Simone Biles won the silver medal in the floor exercise final. "A couple years ago, I didn't think I'd be back here at an Olympic Games, so competing and then walking away with four medals ... Naomi Baker / Getty ImagesIn Tuesday’s team event, she officially became the most decorated American gymnast in the history of the Olympic Games, surpassing “Magnificent Seven” member Shannon Miller’s seven-medal record. An Olympic gold in that event has long eluded her and slipped out of her grasp once again in her third Olympic appearance. Her all-around win made her the first American and just the third gymnast in history to win the Olympic all-around gold medal more than once.

Persons: Simone Biles, Larisa Latynina’s, Brazil's Rebeca Andrade, Biles, Jordan Chiles, medaled, that's, Naomi Baker, “, Shannon Miller’s, Joe Biden, Larisa Latynina, Věra, Czechoslovakia —, Paris, ”, ” Biles Organizations: Paris Olympic, Olympic Games, Games, Paris, Soviet Union, Los Angeles Locations: Paris, Tokyo, Tokyo —, American, Rio, Soviet, Czechoslovakia, Atlanta

If you’re in the majority, you don’t need judges and juries to hear you and protect your rights. Last month, Biden traveled to Texas, where he announced a set of proposed Supreme Court reforms that would impose mandatory ethics rules for the court and term limits on justices. The proposals aren’t likely to be implemented before Biden’s term ends, but they signal a policy goal for Democrats as several Supreme Court justices have come under increased scrutiny in the last few years. Last year, ProPublica reported on a series of expensive gifts and trips Justice Clarence Thomas took with billionaire Harlan Crow. Both are symbols used by Trump supporters and were flown during the Jan. 6, 2021, attack on the Capitol.

Persons: Neil Gorsuch, Joe Biden’s, Biden, “, Fox News ’ Shannon Bream, Gorsuch, “ You’re, I’m, ”, ProPublica, Clarence Thomas, Harlan Crow, Thomas ’, Ginni Thomas, Donald Trump’s, Samuel Alito, Alito Organizations: Fox News, Trump, Capitol Locations: Texas

Some of that is changing. “It’s a really big worry,” Hobbs said. “You cannot have a strong and prosperous economy without affordable housing.”You cannot have a strong and prosperous economy without affordable housing. “There are people who want to work, who want to be here — want to live here, want to be part of the businesses that are here — who are struggling to find the housing,” she said. Landwehr worries about sustaining the “diversity of the population” needed to power the economy and keep the area desirable for both residents and visitors if the problem deepens: “We’ll start to see kind of a division, if you will, of who’s here.”

Persons: “, ” Hobbs, Kelsi Hobbs, Shannon Landwehr, ”, Landwehr Organizations: TD Bank, University of Maine, Regional Chamber of Commerce Locations: Maine, Rockland, Penobscot, who’s

But after winning her 10th Olympic medal in Saturday's vault final, Biles said for the first time that the Los Angeles Games in 2028 could be in her future. Her appearance in Paris makes her the oldest U.S. Olympic gymnast in 72 years. Before Paris, Biles was already the most decorated gymnast in history from any country including world medals in the tally, with 37 world and Olympic medals combined. While she kept the door open for a return to the Olympics, Biles also acknowledged the physical and emotional toll of the Games. Biles has the chance to win two more gold medals in Paris.

Persons: Simone Biles, Biles, “, ” Biles, Larisa Latynina, Věra, Shannon Miller's, she's, she’s, ”, haven’t, She'll Organizations: Los Angeles Games, Olympic Games Locations: Paris, L.A, Tokyo, Minneapolis, U.S, American, Soviet Union, Czechoslovakia

Simone Biles' Olympic medal collection has officially reached the double digits. It's her 10th Olympic medal and seventh gold. To win an individual apparatus medal in vault, gymnasts must perform two vaults that have different entries onto the vaulting table. In 2016, Biles became the the first American woman to win Olympic gold in vault. Saturday's vault final the third time Biles has performed her eponymous "Biles II" vault in Paris.

Persons: Simone Biles, Brazil's Rebeca Andrade, It's, Andrade, Jade Carey, Biles, Cheng, Shannon Miller, Larisa Latynina, Věra, Czechoslovakia –, ” Biles, “ I’m, I’ve, ” Organizations: Paris, Tokyo, Olympic Games Locations: American, Tokyo, Paris, Soviet Union, Czechoslovakia

☆ Léon Marchand is carrying on a long tradition of athletes from host nations becoming Olympic greats
▼ + stars: | 2024-08-03 | by ( George Ramsay | ) edition.cnn.com time to read: +8 min

Tokyo Olympics – skateboarders shineJapanese athletes claimed 27 gold medals in Tokyo three years ago, the third-most of any nation behind the USA and China. Neymar celebrates Brazil's Olympic gold in 2016. Still the Olympic record holder following his gold medal in Rio, Braz went on to win bronze at the Tokyo Games. Lluis Gene/AFP/Getty ImagesGymnast Yang Wei won gold in the all-around and team events as China almost completed a clean sweep in the men’s events. Atlanta Olympics – Michael Johnson dominatesThe USA won 44 gold medals at the 1996 Atlanta Olympics.

Persons: Léon Marchand, He’s, Marchand, Antoine Dupont, Momiji Nishiya, Lucy Nicholson, Yuto Horigome, Sakura Yosozumi, Yui Ohashi, Neymar, Laurence Griffiths, Thiago Braz, France’s Renaud Lavillenie, Braz, heptathlete Jessica Ennis, Greg Rutherford, Mo Farah, Jessica Ennis, Hill, Johannes Eisele, Getty Images Farah, Andy Murray, Chris Hoy, Jason Kenny, Laura Kenny, Trott, Anthony Joshua, Italy’s Roberto Cammarelle, Liu Xiang, China's Yang Wei, Lluis Gene, Yang Wei, Du Li, Ilias Iliadis, Franck Fife, Iliadis, Thorpedo ’, Ian Thorpe, “ Thorpedo ”, Al Bello, Cathy Freeman, Freeman, John Howard, Michael Johnson, Shannon Miller, Dominique Moceanu, Dominique Dawes, Kerri Strug, Amy Chow, Amanda Borden, Jaycie Phelps, Johnson, Mike Powell, Strug, Shannon MacMillan, Tiffeny Organizations: Paris CNN —, Arizona State University, Fiji, Games, Japan, Tokyo, Germany, Olympics, Tokyo Games, London Olympics, “, Getty Images, Wimbledon, Beijing, Getty, Athens Olympics, Athens, Sydney Olympics, Atlanta Olympics, The USA, US, China, Shannon Locations: France, Tokyo, USA, China, Paris, Rio, Brazil, Brazilian, Hill, AFP, Beijing, Athens, Georgia, Greece, Sydney, Atlanta, Russia, Romania

☆ How to cut your wedding guest list, according to experts: It's 'the No. 1 way to save money'
▼ + stars: | 2024-08-03 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +6 min

1 way to save money on your wedding is to cut the guest count," Shane McMurray, CEO and co-founder of The Wedding Report, recently told CNBC. "What we saw was that the pandemic gave people permission to have a tiny wedding," Miller said. In 2023, the average guest list was 134, The Wedding Report found. Here are ways experts suggest reducing your wedding guest list without cutting ties with family and friends in the process:1. Choosing a more intimate venue with a smaller capacity can help you maintain a solid guest list limit, experts say.

Persons: Victor Dyomin, Shane McMurray, Lauren Miller, Miller, Jessica Bishop, that's, Shannon Tarrant, Tarrant, Bishop, We're, Shannon Underwood, Underwood Organizations: CNBC, Washington , D.C, Finance, Wedding Merchants Business Academy Locations: Washington ,, Baltimore , Maryland, Florida, Orlando , Florida

☆ I think Bank of Japan will hike interest rate by 10 basis points today: Portfolio manager
▼ + stars: | 2024-07-31 | 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 EmailI think Bank of Japan will hike interest rate by 10 basis points today: Portfolio managerGordon Shannon from TwentyFour Asset Management says while the Japanese economy is not overheating, there is political pressure for Bank of Japan to raise interest rates given the demographic challenges.

Persons: Gordon Shannon Organizations: Bank, TwentyFour, Management, Bank of Japan Locations: Japan

There were also the white women, in a Zoom-busting paroxysm of solidarity and angst. The speakers included two white dudes on the shortlist to be Ms. Harris’s running mate — Gov. Image The actor Joseph Gordon-Levitt joined the “White Dudes for Harris” call. (The “White Dudes for Harris” call, at the end of its three-hour 20-minute run, had brought in more than $4 million.) He had seen a link for the “White Dudes for Harris” trucker hat and wanted one.

Persons: Kamala Harris, Harris, ”, ” marveled Bradley Whitford, Harris’s, “, Donald J, Trump, — Gov, Tim Walz, Pete Buttigieg —, Josh Groban, Lance Bass, Mark Hamill, Roy Cooper of, JB Pritzker, JD Vance, Biden, Barack Obama’s, Cena, Joseph Gordon, Levitt, Ross Morales Rocketto, ” Mr, Morales Rocketto, aren’t MAGA, Biden’s, Kamala, Harris ”, Connie Britton, Karens, Glennon Doyle, Ms, Doyle, Shannon Watts, ” Donald Trump Jr, Morales Rocketto sighed, Jeff Bridges, Buttigieg, Adam B, Schiff, California Organizations: South Asian, Wing, Democratic, Gov, Illinois, Democratic Party, YouTube, aren’t MAGA Republicans, Republican Party, Senate Locations: Minnesota, Roy Cooper of North Carolina, “

Harris and Trump: Compare where they stand on key issuesThe 2024 presidential election will give voters a stark choice between Vice President Kamala Harris and former President Donald Trump, two candidates who couldn't be further apart on a number of policies. Here's a look at where they stand on key issues.

Persons: Harris, Kamala Harris, Donald Trump, couldn't Organizations: Trump

Nancy Breland, 72, Georgia Retired and taking care of her husband, Breland has seen rising prices for everything from groceries and utilities to insurance and home maintenance eat into her fixed income. She has also seen her friends struggle with inflation, as well, through the church she volunteers at. At 72, Breland has been doing much of the upkeep around her home after her husband fell ill several years ago. Fixed income is very hard when inflation is so high.”Primary source of income: Combined, Breland and her husband have around $7,600 in monthly income from their retirement accounts and pension and Social Security payments. While Social Security checks have increased relative to inflation, other sources of income for retirees, like pension payments and retirement savings accounts, haven’t necessarily kept up for many.

Persons: Nancy Breland, Breland, ”, “, I’m, What’s, I’ve, it’s, ” What’s, “ I’m Organizations: NBC, Social, Social Security, Insurance, Facebook Locations: Georgia, landscapers, Brunswick , Georgia, Montana

Even if you don't fly British Airways, you can get far with the British Airways Visa Signature® Card. British Airways Credit Card Benefits10% discount on British Airways flights from the USBritish Airways Visa Signature® Card members can save 10% on British Airways flights departing the US — which basically means flights to London. Visa Signature benefitsAs a Visa Signature card, the British Airways Visa Signature® Card offers access to the Visa Signature Concierge for help with things like hard-to-get restaurant reservations or theater tickets. British Airways Credit Card Annual Fee and Other CostsThe British Airways Visa Signature® Card has a $95 annual fee and no foreign transaction fees. Methodology: How we reviewed the British Airways Visa Signature CardThe credit card team at Business Insider compared the British Airways Visa Signature® Card to other travel and airline credit cards with similar annual fees.

Persons: shouldn't, I've, you've, Chase, Hilton, it's, It's, you'll, BA's Organizations: British Airways, Alaska Airlines, American Airlines, Cathay, Japan Airlines, Qantas, Aer Lingus, Aer, British Airways Visa, FDIC, British, Chase, Chase British Airways, United, Hyatt, Airways, American, Delta, JetBlue, Hilton . American Express, Cathay Pacific, US British Airways, Card British Airways, Chase Travel, Capital, DoorDash, Venture, Business Locations: Cathay Pacific, Iberia, London, Aer Lingus, Hawaii, West Coast, Dublin, East, Chicago, New York, Dallas, Cancun, Miami, Nassau, Bahamas, North America, British, Europe, Asia, Auckland , New Zealand, Sydney, Melbourne, Phoenix, Los Angeles, Oakland , Portland, San Diego, San Francisco, San Jose, Seattle, East Coast, Shannon, Ireland, Boston, Hartford , New York, Newark, Toronto, Philadelphia, Cleveland, Washington, Aer

☆ Earnings may be more important than political uncertainty in the upcoming months: Shannon Saccocia
▼ + stars: | 2024-07-21 | 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 EmailEarnings may be more important than political uncertainty in the upcoming months: Shannon SaccociaShannon Saccocia, NB Private Wealth CIO, and Steve Grasso, Grasso Global CEO, join CNBC's 'Special Report' to discuss how Biden's resignation from the presidential race may impact markets.

Persons: Shannon Saccocia Shannon Saccocia, Steve Grasso, Grasso, CNBC's Organizations: Grasso Global

Lucy Haverfield, 71, Florida With her retirement savings drained, she's living on $2,400 a month in Social Security. “Not even remotely like that.”Primary source of income: Widowed and with her retirement savings drained, Haverfield lives on $2,400 a month in Social Security benefits, totaling $28,800 a year. Living situation: Haverfield owns her home in Alva, a small community about 20 miles inland from Fort Myers, with mortgage payments of $1,500 a month. “That’s my economy.”Before she retired about a decade ago to care for her ailing husband, Haverfield taught at a community college and worked in a variety of senior-level telecommunication roles in South Florida. Sometimes Haverfield skips paying one of her bills to cover food and gas, only to pay a late fee the next month, she said.

Persons: Lucy Haverfield, hasn’t, ”, Haverfield, “, Lucy, I’m, haven’t, she’d, “ It’s Organizations: NBC, Social Security, AARP Locations: Florida, Alva , Florida, Alva, Fort Myers, South Florida, Fla

☆ Trump Bitcoin Conference fundraiser tickets top out at $844,600 for Nashville soiree
▼ + stars: | 2024-07-18 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Former U.S. President and Republican presidential candidate Donald Trump attends a campaign event in Philadelphia, Pennsylvania, U.S., June 22, 2024. Shannon Stapleton | ReutersFormer President Donald Trump will headline a campaign fundraiser in Nashville on the sidelines of the Bitcoin Conference, where the top ticket is going for $844,600 per person. Trump signed on to headline the Music City Center gathering shortly before he survived an attempted assassination on July 13. A spokesman for the Trump campaign did not respond to a request for comment on his Nashville appearances. Trump also vowed at the Libertarian National Convention in Washington in May to keep Sen. Elizabeth Warren, D-Mass., and "her goons" away from bitcoin holders.

Persons: Donald Trump, Shannon Stapleton, Trump's, Trump, Sen, Elizabeth Warren Organizations: U.S, Republican, Reuters, Bitcoin Conference, CNBC, Trump, Music City Center, Nashville, solana, Internal Revenue Service, Libertarian National Convention, Mar Locations: Philadelphia , Pennsylvania, U.S, Nashville, Washington

☆ Boys and men are experiencing a ‘crisis of connection,’ expert says
▼ + stars: | 2024-07-17 | by ( Shannon Carpenter | ) edition.cnn.com time to read: +8 min

What is the world of these young men that makes violence on such a scale seem an appropriate response? By a thick story, she means obtaining an in-depth understanding of our boys and young men and the culture that leads to an AR-15. CNN: You say in your book that boys and men are in a crisis of connection. Courtesy DuttonWhat mass shooters reveal to us is the root of the crisis of connection and the root of violence. We have a crisis of connection (and of disconnection from the self), and one of the symptoms is a mental health crisis.

Persons: CNN —, Donald Trump, I’ve, Niobe, Daniel Root, ”, don’t, you’re, They’ll, It’s, Shannon Carpenter, Dad ” Organizations: CNN, New York University, “ Rebels, Republicans Locations: Kansas City, stoicism

☆ Stocks are booming in 2024, but financial advisors say it may be time to get a little defensive
▼ + stars: | 2024-07-16 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

With the S & P 500 surging more than 18% in 2024, it might be time for investors to make a few defensive moves in their portfolios. But that surge is spurring some financial advisors to reassess their clients' exposure to large-cap tech and turn toward currently unloved asset categories that could be poised to rise. "It might take a little longer to manifest but we think [health care] is an interesting combination of offense and defense, and it provides meaningful cash flows for investors," Saccocia said. Checking in on risk and cash Investors reviewing their 2024 gains should also reassess their risk profile and consider whether their asset allocation reflects their long-term goals. Tom Balcom, CFP and founder of 1650 Wealth Management in Lighthouse Point, Florida, has used custom market-linked notes to hedge clients' exposure to the market.

Persons: Nvidia —, Shon Anderson, Russell, Jerome Powell's, Shannon Saccocia, Neuberger Berman, Saccocia, Colin Gerrety, Gerrety, Tom Balcom, Balcom, Morningstar Organizations: Nvidia, Anderson Financial, Federal, Big Tech, Investors, JPMorgan Chase, UnitedHealth, Wealth Services Locations: Dayton , Ohio, REITs, North Bethesda , Maryland, Lighthouse Point , Florida

☆ NB Private Wealth's Shannon Saccocia: US consumer is our biggest focus in terms of downside risk
▼ + stars: | 2024-07-15 | 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 EmailNB Private Wealth's Shannon Saccocia: US consumer is our biggest focus in terms of downside riskShannon Saccocia, NB Private Wealth CIO, and Kevin Gordon, Charles Schwab senior investment strategist, join 'Closing Bell' to discuss how investors can position their portfolios, rate cuts, markets, and more.

Persons: Wealth's Shannon Saccocia, Shannon Saccocia, Kevin Gordon, Charles Schwab

☆ ‘It was a mistake’: Zelensky defends Biden’s ‘President Putin’ gaffe
▼ + stars: | 2024-07-13 | by ( Amarachi Orie | ) edition.cnn.com time to read: +2 min

CNN —Ukrainian President Volodymyr Zelensky has defended Joe Biden after being called “President Putin” by him, calling it “a mistake.”The US president accidentally referred to Zelensky as “President Putin” when introducing Zelensky at a NATO event on Thursday, before correcting the name moments later. While the US president – who faces mounting pressure over whether he is fit enough to serve another term in office – played down the gaffe at a high-stakes news conference later that day, the incident was scrutinized internationally. We can forget some mistakes, I think so,” he continued. The US is providing Ukraine with much-needed military support in its war against Russia. Weeks earlier, the United States and Ukraine signed a bilateral security pact, which commits the US for 10 years to continued training of Ukraine’s armed forces, as well as more weapons support and intelligence sharing.

Persons: Volodymyr Zelensky, Joe Biden, Putin ”, –, shrugged, ”, Biden Organizations: CNN, NATO, Ireland’s Shannon, Russia, Biden Administration, Ukraine, Ukraine Security Assistance Initiative, ” Locations: Ukraine, United States, Kharkiv

☆ They fell in love on vacation but went their separate ways. Four years later, he called her out of the blue
▼ + stars: | 2024-07-12 | by ( Francesca Street | ) edition.cnn.com time to read: +16 min

“When he gave me his card, he didn’t really have time to talk to me because he had to catch the bus. Susan and Tom GiulianiFor Susan and Tom, timing seemed to have finally aligned. “He arranged for the ring to be put on top of my dessert after dinner at the castle,” recalls Susan. Susan and Tom GiulianiToday, Susan and Tom are retired and living in New Jersey, focused on family and travels. They can’t imagine a world in which they didn’t cross paths in Ireland, didn’t spot one another in JFK airport, didn’t reconnect four years later.

Persons: they’d, Tom Giuliani, Susan Hall, Tom, Susan, Sue, ”, Susan didn’t, “, –, Ireland Tom, I’d, Tom –, ” Susan, Durty, Tom chatted, ” Tom, he’d, we’ll, “ I’ll, I’ll, didn’t, Tom couldn’t, ’ ”, ” Susan –, she’d, Susan hesitated, Susan –, who’d, Tom – she’d, He’s, ” “, they're, ’, Marvin Gaye, Susan Giuliani –, Evan, Paige, Nelly’s, Susan couldn’t, They’re, they’ll, Instagram, Susan …, you’re Organizations: CNN, CNN Travel, “, Dublin Airport, Shannon, JFK, ” Locations: Ireland, Dromoland , County Clare, Ireland’s, Bunratty, County Clare, Europe, sips, American, ”, Dublin, JFK, New York, Pennsylvania, New Jersey, Irish, London, Scotland, Culcreuch, Loch Lomond, Las Vegas

Learn moreThe Real Housewives that started it all are back, and the new season promises lots more of the OC's signature drama. We've compiled everything you need to know about where to watch The Real Housewives of Orange County, no matter where you are. The Real Housewives of Orange County, or RHOC as it's known by fans, returns for Season 18 tonight. Where to watch The Real Housewives of Orange County in the USSeason 18 of The Real Housewives of Orange County will air on Thursdays at 9 p.m. Season 18 main castShannon Storms BeadorHeather DubrowTamra JudgeGina KirschenheiterEmily SimpsonJennifer PedrantiKatie GinellaThe Real Housewives of Orange County Season 18 trailerBravo released a three-minute sneak peek of Season 18 last month, wherein viewers can glimpse some of the shenanigans the ladies get up to this season.

Persons: We've, Shannon Storms, Katie Ginella, Alexis Bellino, we've, Peacock, ExpressVPN, Heather Dubrow, Gina Kirschenheiter Emily Simpson Jennifer Pedranti Katie Ginella, Bravo Organizations: Business, Housewives, Real Housewives, Bravo, NBC, The Real Housewives, Amazon, Orange Locations: Orange County, London, RHOC, Australia

A CNN investigation found that Airbnb consistently fails to protect its guests despite knowing hidden cameras are a persistent concern within its industry. Video Ad Feedback A woman describes the moment she realized her Airbnb host had placed a hidden camera in her room. And, while hotels can be held legally responsible for guests harmed on their property, Airbnb frequently is not. In January, CNN began reaching out to former Airbnb employees to ask about hidden camera concerns within the industry. “Less than a month for every victim,” said Wyzynajtys, the guest who found Allee’s hidden camera.

Persons: Airbnb, ”, Brian Chesky, Chloe LeBrument, “, LeBrument, … it’s, Bianca Zuniga, Goldwater, “ I’ve, Comfort , Texas David Wyzynajtys, Airbnb’s, Wyzynajtys, ” Wyzynajtys, David Wyzynajtys, Austin Steele, CNN Wyzynajtys, Jay Allee, Allee, –, Vrbo, CNN Allee, Butch Matjeka, ” Matjeka, Kim van Sparrentak, Murray Cox, Cox, Shannon Schott, “ They’re, They’re, ” Schott, Jan Schakowsky, Kyung, ’ Allee, didn’t, Airbnb superhost Peter Madden, Madden, he’d, “ I’m, ” Madden, undressed, Patricia DiCarlo, Matt Lait, Logan Whiteside, Yahya Abou, Ghazala Organizations: CNN, Social, ” CNN, Hyatt Hotels Corporation, Marriott International, Ontario Airbnb, Police, Sheriff’s, European Union, EU, Communications, Facebook, Illinois, Democratic, Airbnb’s San, Attorney, Westbrook Police, Vrbo Locations: Texas, San Francisco, London , Ontario, Ontario, Comfort , Texas, Jay Allee Kendall, Allee’s, California, Kendall, Allee, United States, New York, York, Florida, Airbnb’s, Airbnb’s San Francisco, Chesky, Melbourne, Australia, Maine, Cumberland County

Tropical Storm Beryl ripped a path of destruction through the heart of Houston on Monday, transforming roads into rivers, killing at least four people and knocking out power for more than two million customers across Texas. The storm, which made landfall early Monday as a Category 1 hurricane, weakened as it passed over the city and continued its swirling march north. But its relatively modest official strength undersold its power, local authorities said. As it churned through Houston, officials warned people to stay inside and away from windows, “as though there was a tornado coming your way,” Lina Hidalgo, the top official in Harris County, which includes Houston, cautioned residents. The center passed just to the west of the city, meaning Houston received some of the worst of the storm as it spun counterclockwise.

Persons: Beryl, ” Lina Hidalgo Organizations: Houston Locations: Houston, Texas, Harris County

Shannon Penney, 37, New York City Recently finished her first year as a registered nurse making $120,000 a year. Has built up robust savings, but costs for her dog and mental health care can still squeeze her budget. New job has given her a window into the inequalities of the health care system. Primary source of income: Working full-time as a registered nurse at NewYork-Presbyterian Hospital making $120,000 annually. Budget pain points: Penney said her mental health care costs have gone up since she switched to nursing.

Persons: Shannon Penney, Penney, ”, “, ” Shannon Penney, —, — Penney, she’d, She’s, Roth, Bankrate, ’, ” Penney Organizations: NBC, Presbyterian, Weill Cornell Medical Center, Presbyterian Hospital, Federal Reserve, Deloitte Locations: New York City, NewYork, Manhattan, ”, Westchester , New York

☆ Here’s where money managers are seeking income at mid-year as rates stay high
▼ + stars: | 2024-07-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

The prospect of "higher for longer" rates has also made short-term fixed income assets especially attractive. "We had a lot of investors who were in, if not cash, then sub-2-year duration fixed income at the start of the year." Takeaways for investors It doesn't hurt for retail investors to review their fixed income allocation now that the year is halfway over. A combination of fixed income assets may be what it takes to benefit from today's higher rates, lock in yields and capture rising prices once the Fed cuts. "We don't buy that there's one fixed income asset class that you should tilt toward," said Calcagni.

Persons: –, Don Calcagni, it's, Shannon Saccocia, Neuberger Berman, Michael Rosen, Rosen, Janus Henderson, Vishal Khanduja, Eaton Vance, Khanduja, Callie Cox Organizations: Federal Reserve, FedWatch, Investment Company Institute, Money, Mercer Advisors, Investors, Municipal, Angeles Investment Advisors, AAA CLOs, Janus Henderson AAA CLO, SEC, Morgan Stanley Investment Management, Bond, Ritholtz Wealth Management, Stay Locations: Santa Monica, Calif

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