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☆ Jane's Addiction cancels tour after Perry Farrell, Dave Navarro fight
▼ + stars: | 2024-09-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +15 min

The remainder of the reunion tour by the original lineup of Jane’s Addiction, the group’s first in 14 years, has been canceled. At that point, Farrell was seen throwing a punch at Navarro, though it wasn’t clear from the footage whether it really landed. While Dave was keeping Perry at arm’s length to de-escalate the situation, Dan rushed over to de-escalate as well by holding Perry back. Farrell sang well, Perkins crushed it behind the kit, Navarro shredded and Avery anchored the band with his steady work on bass. … However, when it came to singing the songs, Farrell nailed most of them.”The tour by Jane’s Addiction was a co-headlining one shared with another veteran ’80s/’90s band, Love & Rockets.

Persons: Dave Navarro, Perry Farrell‘s, Farrell, ”, Navarro, Eric Avery, “, Perry Farrell, ” Navarro, Dave, Eric, Stephen, Perkins, Etty Lau Farrell, Avery, who’ve, —, hasn’t, Avery overreacted, Etty, Perry, cussing, ” Etty, Dan, Kevin, Eric nonchalant, “ Dave, “ Farrell, ” Farrell, JamBase, ’, Jane’s Organizations: Live Nation, Rockets, YouTube, Boston’s, Bank, Tampa, “, Jane’s, Hartford Healthcare, WI, Huntsville, South Star, UT, Sandy, WA, Veterans Memorial, Sierra, Sun, San Francisco , CA Locations: Bridgeport , Toronto, Rochester Hills, Milwaukee, Chicago, Indianapolis, Huntsville, St, Louis, Denver, Sandy, Seattle, Portland, Reno, San Francisco, Los Angeles, L.A, Connecticut, Boston, upstage, Florida, New York City, New York, Las Vegas, Bridgeport, CT, Hartford, Toronto, MI, White, — Reno, San Francisco ,, Los Angeles ,

☆ Internal Amazon document spells out its new RTO rule forcing employees to work from an office 5 days a week
▼ + stars: | 2024-09-16 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +13 min

Read previewAn internal Amazon document details the company's new policy requiring corporate employees to work out of the office five days a week. AdvertisementThe internal "Frequently Asked Questions" document shared with employees describes how the new RTO policy will work. It has ended a policy that gave employees the option to work up to four weeks per year fully remote. Amazon provides a variety of commuter benefits and services to give employees flexibility for their commute to the office. AdvertisementWe will continue to work with employees with disabilities to identify the workplace accommodations/adjustments they need.

Persons: —, Andy Jassy, We've, Amazonians, you've, that's, I'm Organizations: Service, Monday, Business, Amazon, Puget Sound, Global Real, Design, Employees, IT Services Locations: U.S, Arlington, Europe, Americas

☆ Meet the Enigmatic Man Who Oversees Larry Page's Google Fortune
▼ + stars: | 2024-09-16 | by ( Hugh Langley | ) www.businessinsider.com time to read: +22 min

His success has also helped fuel a boom in family offices, a financial structure pioneered by J.P. Morgan and popularized by the Rockefellers. Today there are thousands of family offices globally, with the total number tripling between 2019 and 2023, according to the data provider Preqin. To protect Page, Osborne has long remained hidden, the man behind the megabillionaire's curtain. AdvertisementThe small staff at Koop, Page's family office in Palo Alto, are fiercely committed to Page's privacy. Through his investment in Way2B1, Page is seeking to make money by monetizing the techniques he uses to make money.

Persons: Thomas, Larry Page, Wayne Osborne, Osborne, Koop, —, Wayne, Jeffrey Epstein, Gmail, Page, he's, Larry, Morgan, Morgan Stanley, hasn't, Justin Sullivan, hawking, Sergey Brin, George Pavlov, Mark Zuckerberg, Jeff Bezos, Melinda Lewison, Natasha Pearl, Aston Pearl, James Estrin, Helen Frankenthaler, Minerva, Joseph E, Brooks, Taylor, Mortimer Zuckerman, Zuckerman, he'd, who'd, Koop's, Ken Goldman, Eric Schmidt, Hugh Langley, Michael Floyd, Floyd, Page's, Lucy Southworth, Southworth, It's, Way2B1, it's, Gilles Martin, Hal Bailey Organizations: QS, Osborne, J.P, Google, Harvard Business School, Princeton Theological Seminary, Presbyterian Church, New York Times, Minerva, U.S . News, Boston Properties, Shell, CIA, Energy Technologies, Oceankind, Forbes, Business, Fiji Locations: New York, Caribbean, St, Palo Alto , California, Wayne, Mississippi, Connecticut, Silicon Valley, U.S, Silicon, Palo Alto, Koop, Nola, margarita, Way2B1, Fijian, superyachts, New Zealand, Fiji

The Federal Reserve is expected to start lowering rates this week, and mortgage rates are down as a result. But will mortgage rates drop further once the Fed cuts rates? See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile.

Persons: they've, Freddie Mac Organizations: Federal, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs Locations: Chevron

☆ TikTok has 15 minutes to fight for its life
▼ + stars: | 2024-09-16 | by ( Brian Fung | ) edition.cnn.com time to read: +10 min

The law Biden signed seeks to ban TikTok on Americans’ personal devices unless its Chinese parent company, ByteDance, quickly sells TikTok to someone else — which may effectively end the app as we currently know it. TikTok will not get the luxury of a full trial to argue for its continued existence in its current form. But it won’t be alone: A group of TikTok creators also suing the Biden administration will go next, with 10 minutes to speak. Court filings show that TikTok and US national security officials had hammered out a draft proposal to address the security concerns. The question is whether all that amounts to enough influence over ByteDance and TikTok to gain access to US TikTok users’ data, in spite of the guardrails promised by Project Texas.

Persons: Joe Biden, Biden, TikTok, Sri Srinivasan, Judge Neomi Rao, Donald Trump, Douglas Ginsburg, Reagan, ’ TikTok, “, ”, Chris Inglis Organizations: CNN, Appeals, District of Columbia Circuit, Oracle, Justice Department, Independent, Project Texas, Federal Communications Commission Locations: China, United States, ByteDance, U.S, Beijing

We have also focused on using our favorite strategy to save on travel — using travel rewards credit card points to get some of it for free. While we mostly rely on airline miles to save money on travel, we also use flexible rewards points and hotel points for some aspects of our plans. My husband's birthday trip to MemphisI was able to book my husband a surprise weekend getaway for his 45th birthday this year using credit card rewards. Still, using rewards to take the sting out of what would otherwise be an expensive trip feels like a win when it makes sense. My whole travel plan also underscores something I have believed about the world of travel rewards for a long time.

Persons: Billy Strings, Rewards, Miles, Billy Organizations: Service, Delta Reserve American, Chase, Hyatt, Hyatt Centric, Hyatt Credit Locations: Memphis, Memphis , Tennessee, Delta, Caribbean, Indianapolis, Delta Comfort, FedExForum

☆ Apple shares are breaking down and could be under pressure for months, according to the charts
▼ + stars: | 2024-09-16 | by ( Katie Stockton | ) www.cnbc.com time to read: +7 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: AAPL, Headwind, — Katie Stockton Organizations: Apple, AAPL, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: AAPL

☆ The race in Big Tech to sell customers on AI products is heating up
▼ + stars: | 2024-09-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Meanwhile, in today's newsletter, we're looking at how AWS is ramping up its sales team to pitch customers on AI . The big storySell, sell, sellAmazon; Getty Images; Alyssa Powell/BIWhen it comes to the AI revolution, building is only half the battle. AdvertisementAfter drawing scrutiny from investors about their massive investments in generative AI, tech companies are prioritizing getting returns on their big bets. Amazon; OpenAI; Microsoft; Getty Images; Chelsea Jia Feng/BIAWS' pressure to ramp up AI sales isn't just focused on ROI. And while these companies can't afford not to pitch their customers on AI tech, they also risk turning them off to the idea by selling them products that might not live up to expectations.

Persons: —, Donald Trump, Trump, Alyssa Powell, Insider's Eugene Kim, Eugene, Chelsea Jia Feng, it's, Anna Kim, Getty, Tyler Le, Martha Stewart, Al Capone, Morgan Stanley, Dre, Jeff Chiu, Larry Page's, Wayne Osborne, Elon, Grimes, Ryan Mac, Kate Conger unearths, Musk, Department's, We've, Kamala Harris, Biden, Booker, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, FBI, Business, Amazon Web Services, that's, AWS, Microsoft, Getty, Google, Sunshine, Twitter, Huber & Starke, Hollywood, Teamsters Locations: West Palm Beach , Florida, today's, Florida, hustles, New York, London

On Friday, Trump told NBC News “I don’t know that much about it. Also on Sunday, Vance once again espoused an unfounded conspiracy theory about Haitian immigrants in Springfield, Ohio, eating pets, disputing claims that the allegations are baseless. “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.

Persons: Ohio GOP Sen, JD Vance, Laura Loomer's, Kamala Harris, Loomer, Harris, Laura, Vance, Donald Trump's, Kristen Welker, Welker, Trump, there’s, ” She’s, Taylor Swift, Travis Kelce, “, they’ve, ”, ” Trump, Don’t, Mike DeWine, Rob, Rue, ‘, DeWine Organizations: Ohio GOP, Sunday, NBC, Republicans, GOP, Radical Left Marxists, Press, Loomer, Trump, Springfield, ”, Ohio's GOP, CBS Locations: Ohio, Springfield , Ohio, what's, Springfield, Philadelphia, “, ”

See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Mortgage Refinance Rates? Current 30-Year Mortgage RatesAverage 30-year mortgage rates remain low after dropping last week and are hovering around 5.70%, according to Zillow data. Last month, 30-year refinance rates averaged 6.59%, while 15-year refinance rates were around 5.90%. Now, 30-year refinance rates are nearly 70 basis points lower, and 15-year refinance rates are around 50 basis points lower. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile.

Persons: they've, Freddie Mac, it's, Fannie Mae Organizations: Zillow, Fed, Mortgage, Association, ARM, . Government Locations: Chevron, Government

☆ I bought my dream home, but the difficult process and higher cost sometimes make me wish I'd stuck with renting
▼ + stars: | 2024-09-15 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +7 min

I always knew from the moment I graduated college that I was eventually going to buy something in the city. AdvertisementPlus, because I am in the design world, I felt like this is my time to buy a place and make it my own. I wanted to buy a place that I could live in for a good amount of years and put love into. I knew if I left the kitchen the way it was, I wouldn't be happy going into the kitchen every day. I probably would still continue to rent because renting is a whole lot cheaper than doing what I did.

Persons: —, Chelsey Brown, There's, It's, I'm, I've, it's Organizations: Service, Business Locations: New York City, New York

China’s Risky Power Play in the South China SeaChina’s coast guard ships have swarmed and collided with Philippine boats. A New FlashpointFor months, the latest target of China’s power play was a Philippine coast guard ship, the Teresa Magbanua. Philippine coast guard Chinese ships Noon, June 17 A group of Chinese ships moved to block the Philippine vessel. SECOND THOMAS SHOAL SABINA SHOAL A Chinese ship began tailing a Philippine ship around 8 a.m. More Chinese ships waited here. 6 p.m. SECOND THOMAS SHOAL SABINA SHOAL The Chinese ships followed the Philippine ship.

Persons: Teresa Magbanua, Sabina, Thomas, ”, Jay Batongbacal, Sabina Shoal, Hu Bo, Ferdinand R, Marcos Jr, Mr, Hu, Marcos, Manlia, Jan, Thomas Shoal, “, Rommel Ong, Wu Yanan, Samuel Paparo, General, Lei Organizations: South China, Bank, University of the, Philippine Coast Guard, Coast Guard, Associated Press, Armed Forces, Facebook, Ateneo School of Government, Philippine Navy, Philippine, China Coast Guard, Reuters, THOMAS, SECOND, Strategic, International Studies, Pacific Command, Theater Command, United, Liberation Army’s Academy of Military Sciences, People’s Liberation Army Locations: South, Philippine, China, Philippines, United States, Chinese, Spratly, Scarborough Shoal, Vietnam, PHILIPPINES SPRATLY, Palawan, SPRATLY, PHILIPPINES Palawan, Sabina, Manila, Asia, University of the Philippines, South China, Beijing, Shoal, Palawan ., China’s, U.S, United

☆ Podcast about Missouri father’s killing helps lead to an arrest 35 years later
▼ + stars: | 2024-09-15 | by ( Faith Karimi | ) edition.cnn.com time to read: +11 min

A man was arrested in connection with Martin’s death but later freed when the charges were dropped days before his trial, the twins said. A few months later, in early 2021, the St. Francois County Prosecuting Attorney’s office announced it was reopening the case. The suspect, Wesley Paul Marler, 69, has been charged with assault in the first degree and has pleaded not guilty. Their father’s killing changed how his daughters think about Friday the 13thBonne Terre is a small city about 60 miles south of St. Louis. But that belief started unraveling after they talked to residents and learned about their father’s tense history with Marler, they said.

Persons: Jimmie Wade Martin, Martin’s, He’d, Angela Williams, Andrea Lynn, ” Lynn, ” Angela Williams, ”, Will, ’ ” Williams, —, Shawn Lee Martin, Chris Hulsey, Wesley Paul Marler, Louis, ” Williams, “, ” Marler, Christopher G, Hartmann, Marler, ” Wesley Paul Marler, Lynn, ” Hartmann, Martin, towner, he’d, ’ ” Lynn, they’d, Melissa Gilliam, ” Gilliam Organizations: CNN, Terre, Facebook, Authorities Locations: Bonne Terre , Missouri, Francois County, St, Francois County , Missouri, Bonne Terre, Farmington, “, ” “

My mom is a little old-fashioned and has been upset with me for letting my boyfriend significantly influence my financial decisions. She has said multiple times that a man should have no say in my finances until he's put a ring on my finger. One, your mom has hard-won life experiences to offer, and you would be wise to hear her out. Only that we shouldn't reject our parents' advice out of hand simply because they're "old-fashioned" or we think they're "projecting". Instead, it's about nobody having a say over anyone else's finances until they have a genuine stake in them.

Persons: We're, he's, I've, they've, That's Organizations: Service

As the Fed lowers its benchmark rate, mortgage rates are likely to go down. Mortgage rates often trend up or down ahead of expected Fed moves, but once a hike or cut is priced in, they tend to hold steady unless the Fed surprises everyone. Haymore also notes that mortgage rates could fluctuate depending on other information that comes out of this upcoming meeting. As it does, mortgage rates should trend down, too (as will the rates banks pay on high-yield savings accounts). If you got your mortgage more recently, you could save on your mortgage payment by refinancing.

Persons: —, Freddie Mac, Scott Haymore, Haymore, you've, Matt Baker, Baker Organizations: Service, Business, Fed, TD Bank, Mortgage Bankers Association, Navy Federal Credit Union

☆ I Joined New York City's Rat Czar to Fight the City's Rodent Invasion
▼ + stars: | 2024-09-15 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

In reality, the Rat Pack offers regular citizens a crash course in rodent mitigation in hopes of inspiring them to take more active roles in what often feels like an unwinnable battle. AdvertisementThose who join the Rat Pack must complete three activities: a "rat walk" that promises to "uncover the world of urban rats," a two-hour "rat academy" on rodent-prevention methods, and a service project, like a park cleanup. If you seek to understand this rat, Corradi told our group, "you can kind of just hold up a mirror and look at yourself." Related storiesCorradi, recognizable from various press appearances and her navy Rat Pack hat, is supposed to offer New Yorkers additional peace of mind. And yet I secured my precious Rat Pack merch by doing exactly that.

Persons: Andrew Barrett, He's, Barrett, Eric Adams, Kathleen Corradi, Brooklyn's Herbert Von King, wouldn't, Corradi, haven't, Adams, Michael Parsons, we've, doesn't, there's, We've, —, I'd, shrugged, You'll Organizations: NYC, Cub Scouts, Anadolu Agency, Washington DC, Anadolu Locations: Brooklyn, Yorkers, New York, New York City, Chicago, Brooklyn's Chinatown, West Harlem

☆ My husband and I are child-free. Sometimes, I worry we'll regret it.
▼ + stars: | 2024-09-14 | by ( Alix Campbell | ) www.businessinsider.com time to read: +5 min

Though my husband didn't want kids, he also never pushed me either way, which I'm grateful for. It mostly consists of other childless couples (or couples with grown-up children), surfers, business owners and freelancers, and expats from countries like Germany, Poland, France, Venezuela, and Spain. Related storiesI started questioning things after a couple we know had a babyRecently, though, our perfectly crafted child-free lifestyle has been turned upside down. Will we regret our decision to live on our own terms without the chaos and beauty of raising a child? I'm picturing my husband and me — all shriveled up and gray — sitting at an empty dinner table, just the two of us.

Persons: Lachlan, we'd, we've, Alix Campbell, Alix Campbell I'm, I'm, —, they'll Organizations: Service, Business, Netflix Locations: Nicaragua, Australia, Austria, Western Algarve, Portugal, Germany, Poland, France, Venezuela, Spain

Lower interest rates may impact your investment portfolio following the Fed's first rate cut. "They get spooked by something like policy changes and sell out of a diversified investment portfolio. "Generally, lower interest rates boost the economy as lending gets cheaper for consumers and businesses, " says Eckles. However, as interest rates fall, the attractiveness of these cash investments declines. The inverse relationship between bond prices and interest rates means that as rates fall, bond prices rise, providing another return component.

Persons: Banks, Goldman Sachs, JP Morgan, Bakkum, Pam Krueger, annualized, Jaime Eckles, Plante Moran, doesn't, We've, Krueger, Cash Organizations: Federal Reserve

☆ Trump's debate fumble let Harris redefine the race
▼ + stars: | 2024-09-14 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

Trump even muddled the most basic attack on connecting Harris to Biden, claiming at one point that Biden "hates" his own vice president. Trump, an acolyte of Roy Cohn, forgot the controversial lawyer's most famous adage to "Attack, Attack, Attack" when he needed it the most. And as he did, all night, Trump took the bait, spending the first part of his rebuttal defending the money his father gave him. Harris continues to have a slight lead in the major national polling averages, but the race remains even closer in key swing states. After reversing himself many times, Trump declared before the weekend that he would not debate Harris again.

Persons: —, Donald Trump, Kamala Harris, Trump, Harris, Joe Biden's, isn't, Sen, JD Vance, Vance, Abraham, Lindsey Graham, Biden, Mike Pence, Bush, Karl Rove, Roy Cohn, Hunter, Joe Biden, you've, Tim Walz, Walz, Doug Emhoff, Gwen Walz Organizations: Service, Business, Trump, Republican, New York Times, Publicly, Abraham Accords, Politico, The New York Times, Ivy League, Wharton School of Finance, White House, Democratic, Biden Locations: United States, Harris, Ukraine, Ohio, Siena, North Carolina, Michigan, Wisconsin, Minnesota, Nevada , Arizona, Florida, Georgia , New Hampshire, Maine, Arizona

This story is available exclusively to Business Insider subscribers. So when your little sleuth asks, "Are we rich?" in particular, Lieber writes that the question can lead to discussions on possessions, wealth, and what it actually means to be "rich." One mom and sociology professor whose story is recounted in "The Opposite of Spoiled" took a straightforward approach when her third-grade son asked if his family was rich. She continued in a 2017 interview with Business Insider: "If they say, 'Are we rich?'

Persons: —, Ron Lieber's, Lieber, Beth Kobliner Organizations: Service, Business, New York Times, PTA

☆ Both parties court Navajo voters in battleground Arizona
▼ + stars: | 2024-09-14 | by ( Veronica Stracqualursi | ) edition.cnn.com time to read: +8 min

Window Rock, Arizona CNN —Nearing the end of the annual Navajo Nation parade route last Saturday, the Arizona Republican Party’s float — pulled by an 18-wheeler and adorned with Trump-Vance campaign signs — came to a halt. The Navajo Nation makes up the largest tribe in Arizona, with about 131,000 members, according to the US Census. A Marine veteran, Gallego said his ties to the Navajo Nation stem from his military veteran friends from the tribe. “I believe we have many strong, educated women, especially on the Navajo Nation. “Not everybody wants to help the Indigenous.”Her remote part of the Navajo Nation rarely gets visitors, let alone campaigns knocking on her door.

Persons: , Arizona CNN —, Vance, —, “, Joe Biden, Kamala Harris ’ ascendance, Gina Swoboda, Trump, ” Swoboda, ”, Swoboda, we’re, Harris, it’s, “ let’s, Ruben Gallego, Kari Lake –, Eli Crane, Jonathan Nez, Sen, Kyrsten Sinema, –, Myron Lizer, Gallego, Republicans don’t, that’s, ” Gallego, Danielle Doctor, Harris ’, Tom Ranger, Biden, Allie Young, Loretta Charley, they’re, “ Who’s Organizations: , Arizona CNN, Navajo, Arizona Republican, Trump, Arizona, Democrats, White, Senate, Arizona GOP, Republican National Committee, CNN, Republican Party, Tribal, Democratic, GOP, Navajo Nation Museum, Republicans, Marine, Voters, Republican, Biden, House Administration, US, Navajo Nation Locations: , Arizona, Arizona, Washington, Navajo Nation, Flagstaff, “, Apache, Navajo, Gallego, Phoenix, House, Rocky

☆ Spotify is testing much-needed parental controls for kids under 13. As a parent, I can't wait.
▼ + stars: | 2024-09-14 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +3 min

Read previewSpotify just announced it's testing a new parental control feature that will allow parents to block explicit lyrics and other content. AdvertisementOn all accounts, it's possible, deep within user settings, to turn off explicit lyrics, which makes songs marked "E" unplayable. It will direct you to the exact toggle switch in Settings to turn explicit content back on. The new parental controls will allow a parent to set this up in a way that kids can't just turn it back off. Related storiesThe new feature allows parents to block or limit the videos on Spotify (including the short looping videos that play over a song).

Persons: —, Taylor Swift, you'll, They'll, Gen, I'm Organizations: Service, Spotify, Business, Gen Alpha Locations: Denmark, Sweden, New Zealand

☆ We ranked the latest earnings reports from 30 portfolio stocks from great to ugly
▼ + stars: | 2024-09-14 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The company may have maintained its full-year revenue outlook, but that was taken as good enough after last quarter's debacle. Management also provided a better-than-expected sales, earnings, and recurring revenue outlook. The Good Abbott Laboratories : Sales, earnings and organic growth all exceeded analyst estimates. Broadcom : Sales and earnings outpaced expectations , driven by strong sales of its AI products and VMware software. Alphabet : Delivered largely better-than expected earnings results that showed the search and cloud giant is finally on better footing in the fast-growing AI space.

Persons: we've, Lisa Su, —, Eli Lilly, Zepbound, Stanley Black, Stanley, Morgan Stanley, Procter, Jim Cramer's, Jim Cramer, Jim, Steve Marcus Organizations: Costco, DuPont, Club, Management, Nvidia, Palo Alto Networks, Good Abbott Laboratories, Broadcom, VMware, Wealth Management, Investment Management, Microsoft, Constellation Brands, TJX, Amazon Web Services, Coterra Energy, GE Healthcare, Honeywell, Gamble, Jim Cramer's Charitable, CNBC, AMD Locations: China, Covid, Dover, Eaton, Palo, North America, GEHC, Wells Fargo, Las Vegas , Nevada, U.S

Mortgage rates probably won't drop much further if the Fed cuts rates, unless central bankers opt for a larger-than-expected cut. 30-Year Mortgage RatesAverage 30-year mortgage rates have been dropping this month and are now down near 5.70%, according to Zillow data. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: you'll, they've, Freddie Mac, it's, Fannie Mae Organizations: Federal Reserve, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Fed, Mortgage, Association Locations: Chevron

A national debt crisisAmericans are facing a credit card debt crisis, with millennials and Gen Z at the forefront of the struggle. If you're a consumer with average credit who tends to carry a credit card balance, McCarthy recommends seeking options for lower-interest repayment. If the Fed lowers interest rates as anticipated, you can expect personal loan interest rates to drop slightly, regardless of your credit score. "Many consumers struggling with high-interest debt have expressed confusion surrounding credit card APRs, and credit card companies are happy to keep it that way." "Many consumers believe that making the minimum payment is an effective way to manage their credit card debt," Elliot said.

Persons: —, Z, James McCarthy, McCarthy, Jeremy Schneider, Schneider, Sophia Bera Daigle, Daigle, you've, Mark Elliot, Elliot Organizations: Federal, Service, Federal Reserve, Consumer Financial Protection Bureau, National Foundation, Credit, JPMorgan Chase, Capital Locations: millennials, U.S

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