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'” Kemp told reporters. We will work through the federal process.”Kemp said Biden told him to call directly if he needed any additional resources. "He’s lying, and the governor told him he was lying," Biden told reporters in the Oval Office. The president also said he plans to survey storm damage in North Carolina on Wednesday. Officials in North Carolina were also clear about wanting national politicians to put off prospective visits.
Persons: Donald Trump, Brian Kemp hasn’t, Joe Biden, ” Trump, Kemp, ” Kemp, Biden, Kamala Harris, Trump, we’re, Harris, Roy Cooper, Hurricane Helene, Sean Rayford, Helene, didn’t, Cooper, Trump’s, Elon Musk, , Elon, Scott James Matheson, ” “, , “ We’re, We’ll, we’ll, Matheson, there’s, ” Matheson, nothing’s, John LaHood, ” LaHood, James Burchett, Burchett, hadn’t, ” Harris, Sadie Weiner, Weiner, Anderson Clayton, ” Clayton didn’t Organizations: Georgia Gov, Republican, Democratic, FEMA, North Carolina Gov, Florida Panhandle, NBC News, Federal Emergency Management Agency, SpaceX, Biden, , North Carolina Democratic Party Locations: Valdosta , Georgia, Trump, North Carolina, Valdosta, Ga, Hurricane, Florida, Georgia, Tennessee, Las Vegas, Washington
A strong jobs report would boost low-quality stocks, Goldman Sachs and Morgan Stanley analysts say. AdvertisementInvestor eyes are locked on the upcoming jobs report, due Friday. If it comes in strong, that will be great news for less-loved, lower-quality stocks, analysts from Goldman Sachs and Morgan Stanley say. Morgan Stanley's equity-strategy team is also keyed in on the jobs report. Wilson also highlighted the jobs report as a possible catalyst for rotation towards low quality in the stock market.
Persons: Goldman Sachs, Morgan Stanley, Goldman, , David Kostin, Morgan, Mike Wilson, Wilson, nonfarm payrolls Organizations: Service, firm's
Polyester sheets may be cheaper than other fabrics but I still wouldn't buy them. Polyester sheets aren't as breathable as cotton ones. ShutterstockMy go-to fabric for sheets will always be 100% cotton, followed by pricier linen and silk. Polyester is made from plastic fibers and isn't as breathable as natural materials, making it unideal for temperature control. Unlike a cotton sheet, which will soften over time, polyester materials may show wear and tear more quickly with regular washes.
Yi Ke Cao did her first internship at a hedge fund when she was 16. Joining a hedge fund as their youngest internUnexpectedly, an opportunity to intern at a hedge fund came to me when I was 16. That was when I chanced upon a two-week stint with a Singapore-based hedge fund, Modular Asset Management. Getting over my imposter syndromeCao spent two weeks interning at Modular Asset Management, a hedge fund based in Singapore. Interning at the fund as a 16-year-old was a pivotal moment in my career developmentLooking back, interning at the hedge fund was a pivotal moment in my life.
Persons: Yi Ke Cao, Cao, , Interning, interning Organizations: Service, Singapore's Nanyang Technological University, Asset Management, Modular Asset Management Locations: Singapore
AdvertisementAs a luxury cleaning service owner, here are five things people get wrong when cleaning. If you're washing sheets, blankets, or even towels, I highly recommend using the setting for each. However, the items inside may get a shorter wash cycle than is needed. Some clothes need a longer wash cycle — for example, your family's sports choices. Bathroom rugs need to be refreshed in the dryer or shaken outside, at minimum, weekly.
Persons: , I'm, who's, I've Organizations: Service
She started a print-on-demand shop, using Canva software to create designs for Etsy-friendly products like T-shirts and candles. Last year, Odio-Sutton opened a second Etsy shop — selling downloadable event materials, like sign-up sheets and schedule templates — that's brought in $17,200 in sales so far in 2024. I'll batch design 10 candle labels one day, then make the listings for them on Etsy the next day. I follow what I'd call a template method: I do a lot of black-and-white designs, a lot of plain text. Then, if I have a template that sells really well, I'll just go in and swap in new words.
Persons: they've, Emily Odio, Sutton, She'd, She's, that's, , I'm Organizations: CNBC, Gold City Ventures Locations: Melbourne , Florida, Sutton, Odio, U.S
This was, perhaps, the closest thing the White Sox have had to a prideful moment all season. As The Athletic’s Jayson Stark noted, the White Sox have used 29 position players this season. After their most recent downturn — a 12-game skid — the White Sox besting the Mets for worst ever became a matter of when, not if. Getz insisted the White Sox are on the right trajectory and even said ownership will “potentially” invest more in the organizational infrastructure. Now members of this White Sox team will shoulder the burden of 121 losses and counting into an uncertain future.
Persons: Jerry Reinsdorf, Jerry, , Reinsdorf, , Craig Anderson, it’s, we’re, Jayson Stark, Chris Getz, Getz, Justin Casterline, Grady Sizemore, Sizemore, Pedro Grifol, I’ve, ” Sizemore, “ I’ve, Garrett, Jared Shuster, Korey Lee, Zach DeLoach, Luis Robert Jr, ” Robert, that’s, Gavin Sheets, ” Sheets, ” Andrew Benintendi Organizations: DETROIT, Chicago White Sox, Los Angeles Angels, MLB, Sox, Tigers, White Sox, New York Mets, Mets, , Angels, The Tigers, Chicago, Royals, Guardians, AL Central, American League Central Locations: Chicago
That means that after the 2029 Super Bowl, the NFL has the right to completely rejigger the media landscape, if it so chooses. NFL games last year were 93 of the top 100 most-watched TV broadcasts. But I also know that some legacy media executives are already thinking about 2029 and brainstorming internally about how they can afford to compete against the tech giants for NFL games. The NBA, in its most recent rights deal, only wanted three media packages to help with consumer confusion and subscription fatigue. Given how popular NFL games are versus everything else on TV, the architecture of the NFL rights is the single biggest decision in the American media industry.
Persons: NBCUniversal’s Peacock, HBO Max, hadn’t, it’s, It’s, , , MoffettNathanson’s Robert Fishman Organizations: Disney, YouTube, NFL, Paramount, HBO, CNBC, Netflix, Google, Apple, CBS, Fox, NBC, Bengals, Chiefs, Amazon, NBA, Amazon Prime Locations: U.S
Treasury Secretary Yellen: We're on a path to a soft landing
  + stars: | 2024-09-26 | 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 EmailTreasury Secretary Yellen: We're on a path to a soft landingCNBC's Steve Liesman sits down with Treasury Secretary Janet Yellen to discuss what risks she is watching in banks' balance sheets, whether she believes inflation is under control, and much more.
Persons: Yellen, Steve Liesman, Janet Yellen
A version of this article first appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sources tell me the opt-out also affects "Sunday Ticket," the league's out-of-market package for which Alphabet's YouTube paid about $2 billion. That means that after the 2029 Super Bowl, the NFL has the right to completely rejigger the media landscape, if it so chooses. Five years is a lifetime in the media industry given the rapid pace of change. I don't think it's hyperbole to say 2029 could be the end of the modern media era.
Persons: Alex Sherman, NBCUniversal's Peacock, HBO Max, hadn't, it's Organizations: CNBC, Disney, YouTube, NFL, Paramount, HBO, Netflix, Google, Apple Locations: U.S
Trader Joe's Fall Harvest salsa had an unusual sweetness that I didn't care forThe Fall Harvest salsa isn't the only seasonal dip Trader Joe's has for fall. Trader Joe's pumpkin-spice granola bark was thicker than I expectedTrader Joe's pumpkin-spice granola bark was thick. I used Trader Joe's pumpkin brioche to make a lovely French toastTrader Joe's pumpkin brioche is a unique fall take. Trader Joe's pumpkin 4-cheese Greek-yogurt dip had way too many competing flavorsI was not a fan of this Trader Joe's dip. Trader Joe's pumpkin pancake and waffle mix can elevate your fall breakfast gameTrader Joe's pumpkin pancake and waffle mix was incredible.
Persons: , I've, Joe's, Wilson, I'm, I'd, they're, Savanna, empanadas, Wilson I, hummus, Wilson I'm, it's, Joe, dente, you've Organizations: Service, Business, Wilson Apple, Pretzel Slims, Joe's Pretzel Slims, Wilson Locations: Savanna, globs, Swain, Monterey Jack, chiles, Brussels
These real estate stocks top Bank of America’s buy list
  + stars: | 2024-09-26 | by ( Michelle Fox | ) www.cnbc.com   time to read: +4 min
Investors looking to get in on the recent rise in real estate stocks should focus on quality, according to Bank of America. The real estate sector of the S & P 500 has been moving higher over the past month or so and is now up 10% year to date, after being in the red earlier this year. Real estate investment trusts are also an income play, often paying out attractive dividends. .SPLRCR YTD mountain S & P 500 Real Estate Sector The Federal Reserve started its rate-cutting cycle last week, slashing the federal funds rate by 50 basis points. Health-care real estate is a play on the aging of America , which will see more people seeking medical services and senior housing, Hall said.
Persons: Jill Carey Hall, REITs, Hall, Jeffrey Spector, Welltower, Spector Organizations: Bank of America, Real, Federal Reserve, Communities, American, Federal Realty Investment Trust Locations: America, U.S
Southwest will never be the same again
  + stars: | 2024-09-26 | by ( Taylor Rains | ) www.businessinsider.com   time to read: +6 min
Both regular and enhanced seats will be available for selection at booking, starting in 2025 for flights in early 2026, Southwest said. Southwest AirlinesSouthwest has already announced an improved cabin with tablet holders, charging ports, upgraded overhead bins, and better WiFi. The cabin improvements come as Southwest plans to cut some short-haul flying in favor of more lucrative long-haul operations. Southwest left four airports altogether in August: Bellingham International Airport in Washington, Mexico's Cozumel International Airport, Houston's George Bush Intercontinental Airport, and Syracuse Hancock International Airport in New York. This means Icelandair passengers can connect in the US on Southwest flights, and vice versa.
Persons: , Chicago's O'Hare, Houston's George, Icelandair Organizations: Service, Southwest Airlines, Business, Southwest, Southwest Airlines Southwest, Delta Air Lines, Bellingham International Airport, Houston's George Bush Intercontinental Airport, Syracuse Hancock International, Washington International Locations: Southwest, Atlanta, Bellingham, Washington, Cozumel, New York, Nashville, Baltimore
New Delhi CNN —India has confirmed its first case of a deadlier strain of mpox, which has raised alarm among health officials around the world over the rapid pace of its spread. On Wednesday, the state’s Health Minister Veena George hailed Kerala’s “robust health care system” for detecting the case. The strain has since been detected in several countries outside Africa, including Sweden and Thailand. Mpox, formerly known as monkeypox, is a viral disease that can spread easily between people and from infected animals. Clade II was responsible for a global outbreak that WHO also declared a global health emergency from July 2022 to May 2023.
Persons: Veena George, Kerala’s, Dr, Shubhin, , George Organizations: New, New Delhi CNN, state’s, Democratic, World Health Organization, WHO, CNN, Authorities, Health Locations: New Delhi, India, Kerala, Dubai, Democratic Republic of Congo, Africa, Sweden, Thailand, Mpox, Kerala’s Mallapuram
The Chinese yuan has weakened sharply against the U.S. dollar in the last several weeks as the greenback strengthens and investors worry about China's economic growth. China's yuan hit its strongest level in over 16 months on Wednesday after Beijing unveiled a slate of stimulus measures to shore up the slowing economy on Tuesday. The Chinese offshore yuan strengthened briefly to 6.9946 per dollar, the strongest since May 2023. China's onshore yuan is currently trading at 7.0319 against the greenback, also holding at the strongest levels since last May. China bonds rallied after the PBOC announcement with 10-year and 30-year yields hitting record lows.
Persons: Ben Emons, Edmund Goh, Zerlina Zeng, CreditSights, Pan Gongsheng, Emons, Hong, — CNBC's Evelyn Cheng Organizations: U.S, Beijing, greenback, Fed Watch, BNP, U.S ., Asia Credit, People's Bank of China Gov, CSI Locations: China, abrdn, Hong Kong, London, Singapore, New York
Read previewThere's a 70% chance the US economy is either in a recession or headed toward one in the months ahead, according to Bloomberg Economics Chief US Economist Anna Wong. The one that stands out most to Wong is the much-talked-about sustained rise in the unemployment rate. "Initially, in all the recessions, this is how the unemployment rate tends to rise," she said. Another key metric economists watch to judge whether the economy is in recession is consumer spending, which makes up around two-thirds of GDP in the US. LendingTreeWong believes wealthier Americans are spending due to the wealth effect, where high asset prices boost consumer confidence and fuel spending.
Persons: , Anna Wong, Wong, Louis Fed, Louis Fed Wong, LendingTree Wong Organizations: Service, Bloomberg Economics, Business, Fed Locations: St
Singapore's former transport minister S. Iswaran arrives at the Supreme Court in Singapore September 24, 2024. The case has gripped the wealthy city-state which prides itself on having a well-paid and efficient bureaucracy as well as strong governance. Iswaran, who joined the cabinet in 2006, is the first Singaporean minister to be tried in court. Singapore's former Transport Minister S. Iswaran has pleaded guilty to receiving gifts while in office, local media reported, as proceedings began on Tuesday in a rare graft trial involving a state official in this Asian financial hub. The last corruption case involving a Singaporean minister was in 1986, when the national development minister was investigated for allegedly accepting bribes.
Persons: Iswaran, Ong Beng Seng, Ong, NewsAsia Organizations: Prosecutors, CNA, English Premier League soccer, Singapore Locations: Singapore
AdvertisementWater temperature is too hotA lot of people think hot water should be the default go-to temperature. While hot water is going to give you the best clean, using it often isn't necessary or good for your laundry. I like to think of hot water washes as calling in the power washer — it's for when something is really stained, dirty, or smelly. But there are ways to get an extra good clean without always using hot water. Plus, you reduce your energy usage by 90% when you stop using hot water to clean clothes.
Persons: , Zachary Pozniak, It's Organizations: Service, Business
I used to route my flights through Europe, which allowed me to explore new-to-me cities before heading home. But once I discovered Changi Airport in Singapore, it quickly became the stop I planned my entire trip around. But when I stopped at Changi, I wished I had more time to explore. Ree WinterMaking a nearly 24-hour trek four times a year is a hassle, but Changi Airport has made the harrowing journey a little easier to swallow. The blend of advanced travel tech, luxury amenities, and thoughtful design makes Changi more than just a stopover — it's an experience I look forward to every time I travel.
Persons: , it's, Mike Towers, I've, I'd, Ree Organizations: Service, Business, Mike, US, Changi Locations: New Orleans, Europe, Singapore, Changi, Australia
These companies are expected to benefit from lower interest rates over the long haul, according to analysts. They include Western Alliance , Best Buy, Coca-Cola, Zillow , UPS and FedEx. The analyst said he sees Best Buy as a key beneficiary of lower interest rates in several ways. He noted that Best Buy continues to be a worthy competitor to e-commerce juggernaut Amazon, pointing to a recent pricing study the firm conducted. Meanwhile, Best Buy shares remain undervalued compared to those of its peers in the sector, Chukumba added.
Persons: Zillow, Jay McCanless, McCanless, Wells, Chris Carey, Carey, Coke bottlers, Morgan Stanley, Anthony Chukumba, Chukumba, FedEx — Goldman Sachs, — D.A, Davidson Organizations: Federal, CNBC, Western Alliance, UPS, FedEx, Software,
Sheets of newly-designed Japanese 10,000 yen banknotes move through a machine at the National Printing Bureau Tokyo plant in Tokyo, Japan, on Wednesday, June 19, 2024. Persistent weakness in the yen is raising concerns about the potential for a resurgence in cost-push inflation, likely weighing on private consumption. Japan's top currency diplomat Atsushi Mimura said authorities are "always watching markets" as a renewed build-up of yen carry trades could heighten market volatility, public broadcaster NHK quoted him as saying in an interview that ran on Friday. Mimura said yen carry trades built up in the past are likely to have been mostly unwound, according to NHK. We are always watching markets to ensure that does not happen," Mimura was quoted as saying.
Persons: Atsushi Mimura, Mimura, Masato Kanda, Yen Organizations: National Printing Bureau, NHK, Bank of Japan Locations: National Printing Bureau Tokyo, Tokyo, Japan
And so it is with Warren Buffett's Berkshire Hathaway slashing its holdings in Apple and Bank of America in recent months. Buffett himself has indicated in recent years that he doesn't see an abundance of compelling value on offer in the public markets. But this in itself isn't much of a clue about future market prospects or the macroeconomic moment. Borgato says he believes "Buffett wants to leave a Berkshire behind that requires [fewer] future cash allocation decisions, not more." I'm not a buyer of the "cash on the sidelines" case for expecting money market assets to drain into stocks.
Persons: , Warren Buffett's Berkshire Hathaway, Buffett, Ed Borgato, it's, pare Berkshire's, Greg Abel, Berkshire Hathaway, BRK.B QUAL, Ajit Jain, Trump, Borgato, Jared Woodard Organizations: Apple, Bank of America, Bank of, Buffett, Berkshire, Berkshire Hathaway, Washington Locations: Berkshire's, Berkshire, Apple,
CNN —The Chelsea and England national team goalkeeper Hannah Hampton was just 11 years old when the diagnosis was made. Yet somehow, Hampton is now one of the best ‘keepers in the world, and she can’t quite explain how she conquered such seemingly impossible odds. Everyone was just laughing at me because, obviously, they know!”Hampton makes a save during the League Cup final between Arsenal and Chelsea. She gives a lot of energy to the group.”Hayes has since moved on from Chelsea, quickly winning an Olympic gold medal with the US women’s team in Paris. “Chelsea without Emma feels a bit weird and sounds weird saying it,” Hampton reflected.
Persons: Hannah Hampton, Hampton, , , “ They’re, Hampton chuckled, Adrian Dennis, Santi Cazorla, Marcos Senna, I’d, didn’t, ” Hampton, Jayde Chamberlain, Sipa, it’s, ” Hampton’s, she’d, “ Hannah, Emma Hayes, “ She’s, She’s, ” Hayes, Sonia Bompastor, “ Chelsea, Emma, Sonia, David Lidstrom, don’t, we’ve Organizations: CNN, England national, CNN Sport, Birmingham Children’s Hospital, Chelsea, League, Arsenal, Getty, Villarreal, Villarreal Youth, Stoke City Centre of Excellence, Ireland, AP, England, Stoke City, Birmingham City, Aston Villa, Blues, US Locations: Chelsea, Birmingham, United States, AFP, England, Spain, Stoke, Paris, Lyon, France, Sweden, Hampton, Europe
We have a handful of them in the Club's portfolio, led by Best Buy . The five Club stocks with the biggest dividend yields fit the bill: Best Buy, Morgan Stanley , Coterra Energy , Stanley Black & Decker and Wells Fargo . Best Buy, Stanley Black & Decker and Wells Fargo are the best positioned of the five top-yielding Club stocks. "Morgan Stanley is now in no man's land: Too low to sell, too high to buy," Jim said. Customers look at appliances for sale at a Best Buy store in Miami, Florida, Oct. 8, 2021.
Persons: we're, Morgan Stanley, Stanley Black, Decker, Wells, Wells Fargo, Jim Cramer, Jim, Charlie Scharf, Coterra, it's, Jim Cramer's, Joe Raedle Organizations: Best, Coterra Energy, BBY, JPMorgan, Texas, Jim Cramer's Charitable, CNBC, Getty Locations: U.S, Wells Fargo, Miami , Florida
Read previewThe Federal Reserve is expected to slash interest rates today for the first time since 2020 as the labor market and inflation continue to cool. AdvertisementAssuming a 25-basis-point cut at every FOMC meeting until next July, that would leave an extra 75 basis points the central bank would have to work into its policy adjustments over that time. One is that the consumer could be weaker than they appear, and the labor market is likely to deteriorate further. AdvertisementWhile the Fed hopes to stimulate spending with rate cuts, Tombs is skeptical that they'll the impact the central bank wants. Advertisement"New mortgage rates need to drop by about 250bp before they will undershoot the average outstanding mortgage rate," Tombs wrote.
Persons: , Jerome Powell's, Samuel Tombs, Tombs Organizations: Service, Business, Macroeconomics Locations: Jackson Hole , Wyoming
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