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Some two decades after leaving the White House, Rosalynn Carter reflected on the criticism she generated for expanding the role of a first lady. “The first lady role has changed,” she observed. Mrs. Carter pushed the boundaries that had constrained most of her predecessors. Nancy Reagan recalled in her memoir a “chill in her manner” when Mrs. Carter showed her around the White House following the 1980 election when Ronald Reagan defeated Mr. Carter. Dr. Biden “isn’t an activist first lady” in the way that Mrs. Carter was, said Mr. LaRosa, the former aide to the current first lady.
Persons: Rosalynn Carter, , , Carter, Anita B, McBride, Laura Bush, , Mrs, Eleanor Roosevelt, Hillary Rodham Clinton, Jimmy Carter, “ Rosalynn, David, Anwar el, Sadat of, Menachem Begin, Camp David, Michael LaRosa, Jill Biden, “ Eleanor, Lady Bird Johnson, Betty Ford, Stanly Godbold, Bird, Dawn Porter, Julia Sweig, Lyndon, Melanne Verveer, Clinton’s, Verveer, ” Michelle Obama, “ I’ll, . Cook, Nancy Reagan, Ronald Reagan, Mr, Barbara Bush, Nancy, Bush, Biden, Dr, . Biden, Biden “ isn’t, LaRosa, “ Hillary, ” Ms Organizations: White, Israel, Camp, Getty, Hulu, Associated Press, White House Locations: Plains , Ga, Israel, Egypt, Sadat of Egypt, Georgia, Washington, Northern Virginia
Some two decades after leaving the White House, Rosalynn Carter reflected on the criticism she generated for expanding the role of a first lady. “You can’t let it stop you,” she told an interviewer. “The first lady role has changed,” she observed. “I don’t think there will ever be another first lady who will be just a hostess and pour tea.”If that is true, Mrs. Carter will have been one of the primary reasons. “It was a time in the country of profound change for women, and she wanted to seize the opportunities before her.”
Persons: Rosalynn Carter, , , Carter, Anita B, McBride, Laura Bush, Organizations: White Locations: Plains , Ga
The prolonged period of high inflation may finally be coming to an end, according to an analysis of recent data by UBS global wealth management. In October, the consumer price index, a closely followed inflation gauge, increased 3.2% from 12 months earlier, down from 3.7% in September, the U.S. Bureau of Labor Statistics said Tuesday. The report marked a significant improvement on the pandemic-era peak of 9.1% in June 2022. “By next spring, inflation will have slowed to a comfortable level for both the Fed and investors,” said Solita Marcelli, chief investment officer of the Americas for UBS Wealth Management. “The strain on household budgets is real.”
Persons: , Solita Marcelli, Greg McBride Organizations: UBS, U.S . Bureau of Labor Statistics, Fed, Americas, UBS Wealth Management, Finance
Price growth is slowing, but high inflation could still persist through most of 2024 and beyond. Inflation dropped from a year-over-year rate of 3.7% to 3.2% in October, according to the latest consumer price index report released by the U.S. Bureau of Labor Statistics Tuesday morning. Perhaps more importantly, core inflation — which excludes volatile food and energy prices — dropped from 0.3% in September to 0.2% in October, which was lower than expected. At an annualized rate of 2.4%, core inflation is trending closer to the Federal Reserve's overall year-over-year target rate of 2%. "We still have a long way to go" before core inflation is under control, Greg McBride, chief financial analyst at Bankrate, tells CNBC Make It.
Persons: That's, Kurt Rankin, Greg McBride Organizations: U.S . Bureau of Labor Statistics Tuesday, Federal, PNC Financial Services Group, CNBC
Stocks surge as inflation falls more than expected
  + stars: | 2023-11-14 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +1 min
Minneapolis CNN —US consumer price inflation cooled down in October after rising for the last two months. The moderation in inflation was even more than expected, sending US stocks sharply higher and providing a touch more solace to Americans who have dealt with painfully high prices the past two years. On a monthly basis, prices were unchanged for the first time since July 2022. Energy prices dropped in October; however, that was offset by the continued rise of shelter costs, according to the report. “The continued moderation of inflation will help keep the Federal Reserve on the sidelines,” said Greg McBride, chief financial analyst at Bankrate, in a statement.
Persons: Dow, , , Greg McBride Organizations: Minneapolis CNN, of Labor Statistics, Nasdaq, Federal Reserve, , CPI Locations: Minneapolis
Americans now owe $1.08 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. Credit card rates spiked more than 5% with the Federal Reserve's recent string of 11 rate hikes, including four in 2023. As the federal funds rate rose, the prime rate did, as well, and credit card rates followed suit. "Americans are addicted to credit cards, no question," said Howard Dvorkin, a certified public accountant and the chairman of Debt.com. How to tackle costly credit card debt
Persons: TransUnion, Charlie Wise, Wise, Greg McBride, Howard Dvorkin, Debt.com Organizations: Federal Reserve Bank of New, New York Fed, TransUnion, Federal, Finance, Bankrate, Debt.com Locations: Federal Reserve Bank of New York, TransUnion
High-yield savings accounts can help your money grow faster than traditional savings accounts, but many people mistakenly think that the returns these types of accounts can deliver are too good to be true. Like traditional savings accounts, high-yield savings accounts are backed by the Federal Deposit Insurance Corporation, which is an independent U.S. government agency. Online banks that offer high-yield savings accounts tend to have lower overhead costs than traditional banks, since they aren't paying for physical locations and other expenses. But high-yield savings accounts offer APYs as high as 5% or 6%. But before you move over your funds, be sure to do your research on the bank that's offering the high-yield savings account you're interested in.
Persons: Colby Dickson, Greg McBride, McBride, Jim Cramer, Ben McKenzie, Farnoosh Organizations: Northwestern Mutual, CNBC, Federal Deposit Insurance Corporation, FDIC Locations: U.S
watch nowThe Federal Reserve left its target federal funds rate unchanged for the second consecutive time Wednesday. What the federal funds rate means for youThe federal funds rate, which is set by the central bank, is the interest rate at which banks borrow and lend to one another overnight. To a certain extent, many households have been shielded from the brunt of the Fed's rate hikes so far, House said. As the federal funds rate rose, the prime rate did as well, and credit card rates followed suit. If the 10-year yield stays near 5%, federal student loan interest rates could increase again when they reset in the spring, costing student borrowers even more in interest.
Persons: Brett House, that's, Sung Won Sohn, Sohn, bode, Greg McBride, Sam Khater, Freddie Mac's, Tiffany Hagler, Bankrate, Jacob Channel Organizations: Federal Reserve, Fed, Columbia Business School, Loyola Marymount University, SS Economics, Treasury, Geard, Bloomberg, Getty, Auto Locations: Larchmont , New York
It's expected to pause interest rate hikes. On Wednesday, the Federal Open Market Committee is expected to announce its next interest rate decision, and a hike probably isn't in the cards. In September, the Fed paused interest rate hikes as it continued to receive promising data on the country's economic recovery. Powell has not indicated whether a interest rate cut will come this year to get consumers further relief. AdvertisementAdvertisementEven if interest rate cuts are not on the horizon anytime soon, administration officials are confident Americans will not face a recession as they enter 2024.
Persons: It's, , Nick Bunker, Bunker, Jerome Powell, Powell, we've, Greg McBride, we're, McBride, Janet Yellen, Joelle Gamble, Gamble Organizations: Federal, Service, Fed, North America, New York Federal, Bloomberg, White, National Economic Council Locations: Israel, Ukraine
"[Organized retail crime] has to be dealt with in a comprehensive way. The retail lobby group dubbed its event "Fight Retail Crime Day." Representatives from more than 30 retailers joined a major industry lobbying group on Capitol Hill on Thursday, as they ramped up pressure to pass a law that backers say will curb retail theft. Organized retail crime is different from shoplifting. The Combating Organized Retail Crime Act was reintroduced earlier this year.
Persons: Sen, Chuck Grassley, Matthew Shay, William Blair, Scott McBride, McBride, Dina Titus Organizations: Capitol, National Retail Federation, Retailers, Department of Homeland Security, American Eagle Outfitters, Walgreens Locations: Iowa, Washington
Sticky inflation, white-collar layoffs, and surging interest rates are all putting pressure on a certain type of American — higher-income earners. The same year, 1.8 million Americans lost their millionaire status, according to UBS' 2023 Global Wealth Survey. Bank of America's Consumer Checkpoint Survey for September 2023 found that high-income households have become more pessimistic about the economy. The same group also appears more cautious about spending because of soft wage growth and slowing job creation for high earners. Watch the video above to find out more about how the so-called "richcession" could affect the entire economy.
Persons: Greg McBride Organizations: UBS, Survey, Bank of America's Locations: U.S
It's becoming increasingly difficult for Americans to set money aside. "Rising prices and high household expenses have been the predominant impediments to boosting emergency savings," said Greg McBride, Bankrate's chief financial analyst. "When expenses increase faster than income, that puts households in a bind." But that cash reserve is now largely gone after consumers gradually spent their excess savings from the Covid-19 pandemic years. At the same time, the Federal Reserve's most aggressive interest rate-hiking cycle in four decades made it costlier to borrow.
Persons: It's, Greg McBride, Sung Won Sohn Organizations: Finance, Social Security, Loyola Marymount University, SS Economics
Daniel Grill | Getty ImagesHow cash stuffing worksAfter gaining popularity on TikTok, more young adults are trying the so-called envelope method, or "cash stuffing," to stay on budget and out of debt. The premise is simple: Spending money is divided up into envelopes representing your monthly expenses, such as groceries and gas. When the cash in one envelope is spent, you're either done spending in that category for that month, or you need to borrow from another envelope. Some downsides of keeping cashStashing cash not only forgoes the protections that come with consumer banking, it may also leave you vulnerable to theft. Vet financial advice from social mediaFor consumers in search of sound financial advice, "there is a tremendous amount of education out there," said Howard Dvorkin, a certified public accountant and the chairman of Debt.com.
Persons: Daniel Grill, Ted Rossman, it's, McBride, we've, Matt Schulz, Schulz, Howard Dvorkin Organizations: FDIC
NEW YORK (AP) — Three books that explore and celebrate the diversity of American culture were awarded Kirkus Prizes on Wednesday night, with each winner receiving $50,000. James McBride's “The Heaven & Earth Grocery Store,” a novel set in an eclectic Pennsylvania town in the 1930s, won in the fiction category. The awards were presented by the trade publication Kirkus Reviews. “History and community emerged as central themes in the most outstanding works of literature published this year. Previous winners of the Kirkus Prize, established in 2014, include Hanya Yanagihara's “A Little Life,” Jason Reynolds' “As Brave as You" and Susan Faludi's “In the Darkroom.”Political Cartoons View All 1207 Images
Persons: James McBride's “, , Ariel Aberg, ” Meg Kuehn, ” Jason Reynolds, Susan Faludi's “ Organizations: Kirkus Locations: Pennsylvania
CNN —A Los Angeles County Judge ruled Monday that singer Lady Gaga will not have to pay out the $500,000 reward that she promised for her French bulldogs’ safe return following a 2021 dognapping incident. Fraud by false promise and fraud by misrepresentation were also listed in the lawsuit as the basis for damages. McBride is currently on probation for two years after pleading guilty to receiving stolen property of more than $950, according to the Los Angeles District Attorney’s office. She was initially charged with one count of accessory after the fact and receiving stolen property, but the accessory after the fact charge was dismissed contemporaneously as part of a plea deal. CNN has reached out to McBride as well as Gaga’s attorneys for comment.
Persons: Lady Gaga, Jennifer McBride, McBride, , Gaga, Stefani Germanotta, Organizations: CNN, French bulldogs, Plaintiff, bulldogs, Los Angeles District Locations: Los Angeles County
Loan approval: Why has it gotten so much harder?
  + stars: | 2023-09-22 | by ( Samantha Delouya | ) edition.cnn.com   time to read: +8 min
Magnusson said that while she used USAA for a personal loan in the past, this time, the process felt very different. Lately, it may take more than just a good credit score for many people to get approved for a loan. Deutsche Bank recently told investors that bank lending conditions look “consistent with recession levels,” even though the US is not currently in a recession. Magnusson said she was “in tears” after spending hours on the phone with USAA to secure the loan over multiple days. McBride said that although loan application rejections are up and standards are tougher, getting a loan is still possible for those with good credit.
Persons: Cheryl Magnusson, Magnusson, , USAA, , Greg McBride, , ” McBride, Nathan Howard, McBride, William Brown, Brown, we’ve, ” Brown, “ I’ve, I’ve, Darlene Johnson, ” Johnson, Scott Olson Organizations: CNN, Federal Reserve Bank of New, Consumer, Deutsche Bank, Eccles Federal Reserve, Bloomberg, Getty, Silicon Valley Bank, Signature Bank, Navy, Suncoast Credit Union, Suncoast, Mortgage Bankers Association, Federal Reserve Locations: Arizona, Washington , DC, Silicon, Florida, Hawthorn Woods , Illinois
As the federal funds rate rose, the prime rate did as well, and credit card rates followed suit. The average rates for a 30-year, fixed-rate mortgage "remain anchored north of 7%," said Sam Khater, Freddie Mac's chief economist. Already, the average rate for a HELOC is up to 9.12%, the highest in 22 years, according to Bankrate. Student loansFederal student loan rates are also fixed, so most borrowers aren't immediately affected by the Fed's moves. But undergraduate students who take out new direct federal student loans are now paying 5.50% — up from 4.99% in the 2022-23 academic year and 3.73% in 2021-22.
Persons: that's, Matt Schulz, Sam Khater, Freddie Mac's, Greg McBride Organizations: Treasury, Bankrate.com, LendingTree
Since the central bank kicked off its policy-tightening campaign in March 2022 — boosting interest rates 11 times — income investors have benefited from higher yields on Treasurys, money market funds and certificates of deposit. "From here, even if rates go higher you are locking in some really good income." If you're willing to sacrifice a little bit of liquidity, select banks will pay even higher yields. Drivers of those increases include higher-for-longer interest rates, and competition from Treasurys and money market funds, Graseck added. Money market funds Rates on money market funds have also jumped substantially since the rate-hiking campaign started.
Persons: Greg McBride, reinvest, US2Y, Treasurys, Sameer Samana, Sallie Mae, Morgan Stanley's Betsy Graseck, Graseck, — CNBC's Michael Bloom, Nick Wells Organizations: Federal Reserve, Fed, Treasury, Wells, Wells Fargo Investment Institute, Savings, Synchrony, Bread Financial, Investment Company Locations: maturities, Wells Fargo
George Balanchine, by his own admission, always admired jewels, a quality he attributed to his Georgian roots. “I like the color of gems, the beauty of stones,” he wrote in “101 Stories of the Great Ballets.”When, in 1967, the curtain rose at New York City Ballet on his opulent triptych, known as the first full-length plotless ballet, it had no unifying title. “Emeralds” possesses the fragrant earthiness and secrecy of nature; “Rubies” is heat and playfulness, with the games and posturing of a summer scape in New York City; and “Diamonds” casts a dazzling spell of cool refinement that wavers between soft and hard. “Jewels,” as it came to be called, is an occasion as well as a ballet. (The music was performed live, though before the show, members of the New York City Ballet Orchestra held a rally in front of Lincoln Center’s plaza to protest delays in contract negotiations.)
Persons: George Balanchine, , Balanchine, Lincoln Kirstein, Suzanne Farrell, Allegra Kent, Patricia McBride, Edward Villella — Organizations: New York City Ballet, City, Lincoln Center, New York City Ballet Orchestra Locations: New, New York City, Lincoln
According to Maiboroda, Mykytas used Tatarov for difficult tasks, including bribe payments on behalf of Ukrbud Development. "He knew about law enforcement and warned us to be careful about saying almost anything on the phone," Maiboroda told Reuters. The National Anti-Corruption Bureau of Ukraine (NABU) said experts would need to study the material to verify it. "The main thing is that a person is honest," Zelenskiy told reporters several days after Tatarov's appointment. Zelenskiy told Ukrainian television network ICTV in October 2021 that the offshore arrangement was to protect his TV production business from political pressure by the Yanukovych government.
Persons: Oleh Maiboroda, Maiboroda, Oleh Tatarov, Volodymyr Zelenskiy, Tatarov, Maiboroda's, Ukraine's, Zelenskiy, Kyiv pollsters, Oleksii Reznikov, Reznikov, Daria Kaleniuk, Nicola Mirto, Mirto, Viktor Yanukovych, Yanukovich's, Maxym Mykytas, Mykytas, Maiborada, NABU, Yanukovych, , General Iryna Venediktova, Artem Sytnyk, Sytnyk, didn't, Oleksiy Symonenko, Symonenko, Andriy Yermak, Yermak, Denys, Dmytro Shtanko, Liudmyla, Sergey Shefir, Shefir, Vyacheslav Shapovalov, Yaroslav Zheleznyak, Zheleznyak, Zelensky, Ihor, Kolomoisky, Semen Kryvonos, Kaleniuk, , Stephen Grey, Dan Peleschuk, Janet McBride Organizations: Reuters, Ukrbud, Prosecutors, Ukraine's, European Union, International Monetary Fund, Kyiv, Kyiv Independent, Tatarov, Ministry, Interior Ministry, Virgin Islands, ICTV, National Agency for, Ministry of Defence, Kiel Institute, NATO, Thomson Locations: VIENNA, KYIV, Vienna, Ukraine, Tatarov, Russia, Europe, European, Kyiv, Italian, Ukrainian, Soviet Ukraine, Zelenskiy's, Switzerland, Spain, Soviet, United States, Irpin
"Unless Zelenskiy gets rid of Tatarov, he won't be seen as serious in purging the country of corruption," she told Reuters. "He knew about law enforcement and warned us to be careful about saying almost anything on the phone," Maiboroda told Reuters. The National Anti-Corruption Bureau of Ukraine (NABU) said experts would need to study the material to verify it. "The main thing is that a person is honest," Zelenskiy told reporters several days after Tatarov's appointment. Zelenskiy told Ukrainian television network ICTV in October 2021 that the offshore arrangement was to protect his TV production business from political pressure by the Yanukovych government.
Persons: Oleh Maiboroda, Maiboroda, Oleh Tatarov, Volodymyr Zelenskiy, Tatarov, Maiboroda's, Ukraine's, Zelenskiy, Kyiv pollsters, Oleksii Reznikov, Reznikov, Daria Kaleniuk, Nicola Mirto, Mirto, Viktor Yanukovych, Yanukovich's, Maxym Mykytas, Mykytas, Maiborada, NABU, Yanukovych, , General Iryna Venediktova, Artem Sytnyk, Sytnyk, didn't, Oleksiy Symonenko, Symonenko, Andriy Yermak, Yermak, Denys, Dmytro Shtanko, Liudmyla, Sergey Shefir, Shefir, Vyacheslav Shapovalov, Yaroslav Zheleznyak, Zheleznyak, Zelensky, Ihor, Kolomoisky, Semen Kryvonos, Kaleniuk, , Stephen Grey, Dan Peleschuk, Janet McBride Organizations: Reuters, Ukrbud, Prosecutors, Ukraine's, European Union, International Monetary Fund, Kyiv, Kyiv Independent, Tatarov, Ministry, Interior Ministry, Virgin Islands, ICTV, National Agency for, Ministry of Defence, Kiel Institute, NATO, Thomson Locations: VIENNA, KYIV, Vienna, Ukraine, Tatarov, Russia, Europe, European, Kyiv, Italian, Ukrainian, Soviet Ukraine, Zelenskiy's, Switzerland, Spain, Soviet, United States, Irpin
How to get an even higher CD rate than you see advertised
  + stars: | 2023-09-19 | by ( Darla Mercado | Cfp | ) www.cnbc.com   time to read: +4 min
Higher yields on certificates of deposit are out there, but you'll have to venture beyond your favorite bank to get them. "There could be as much as a 50-basis point difference going to a brokered CD," he said. Brokered vs. bank offerings With a bank CD, the investor goes directly to the institution to buy the instrument. For instance, brokered CDs purchased via Vanguard begin at 1 to 3 months and go out beyond 10 years. The value of the CD will fluctuate with interest rates, with the price declining as yields run higher.
Persons: Malcolm Ethridge, Greg McBride, McBride, Ethridge, Michael Bloom Organizations: Wealth, Vanguard, Bankrate.com . Bank, Federal Deposit Insurance Corp Locations: Rockville , Maryland
Artistgndphotography | E+ | Getty ImagesThe Federal Reserve is likely to skip an interest rate hike when it meets this week, experts predict. The central bank has already raised interest rates 11 times since last year — the fastest pace of tightening since the early 1980s. The average rates for a 30-year, fixed-rate mortgage "remain anchored north of 7%," said Sam Khater, Freddie Mac's chief economist. Auto loan rates top 7%Even though auto loans are fixed, payments are getting bigger because the price for all cars is rising along with the interest rates on new loans. Federal student loans are now at 5.5%Federal student loan rates are also fixed, so most borrowers aren't immediately affected by the Fed's moves.
Persons: Greg McBride, that's, Sam Khater, Freddie Mac's, McBride Organizations: Finance, Money, Homeowners, U.S, Treasury, Auto Locations: LendingTree, Federal
UNCASVILLE, Conn. (AP) — Kayla McBride scored 28 points and Napheesa Collier added 26 points and 13 rebounds as the Minnesota Lynx beat the Connecticut Sun 82-75 on Sunday to force a deciding Game 3 of their first-round playoff series. Alyssa Thomas scored 26 points and DeWanna Bonner added 24 for the No. 3 seeded Sun, who won the first game of the series by 30 points on Wednesday, but now must win a road game to advance. But the Sun responded with a run of their own and trailed only by 65-60 headed into the fourth quarter. Connecticut was also the third seed last season and had to beat the Wings on the road in a decisive third game to advance to the semifinals.
Persons: — Kayla McBride, Napheesa Collier, Alyssa Thomas, DeWanna Bonner, Sun, Collier, Bonner, McBride, Stephanie White, _____ Organizations: Minnesota Lynx, Connecticut Sun, Lynx, Sun, Wings Locations: UNCASVILLE, Conn, . Connecticut, Connecticut
Alvin and Patricia Maisonet bought their house in Bradfield Farms almost a decade ago. Bradfield Farms fit the bill: It is in an area that, in 2020, was 35 percent Black and 11 percent Latino, according to census data. Tarchia Barber chose to rent in Bradfield Farms because of the neighborhood’s rural feel. The RentersTarchia Barber liked the rural feel of Bradfield Farms, with cul-de-sacs and shady streets surrounded by farmland and woods. A school bus drops off students in Bradfield Farms, a quiet neighborhood where parents say their children often roam freely.
Persons: Ronda Kaysen, Ella Koeze, Logan Cyrus Sept, , Alvin Maisonet, Maisonet, Patricia Maisonet, Joggers, , Alvin, Kelli Enos, Cash, can’t, Laurie Goodman, “ Covid, David Howard, Keith R, Madeline Bankson, They’re, Jessica Moreno, Tarchia Barber, Barber, He’d, Nikki Sloup, Sloup, Becky Johnson, didn’t, Johnson, Jesus ”, Greg McBride, Hall, Brandon Little, Keller Williams, Bradfield, “ We’ve, Jade Rahmani, Keefe, “ It’s, ” Mr, Rahmani, Enos, ” Dana Hartness, James M, Hasty, Ms, Lisa Damas, Kasey, Jim Sylvester, Sylvester, Hartness, , — she’s, Dana Hartness, She’s Organizations: , HomeRiver, Investor, Vegas, Kansas City, Antonio, Houston, Investors, New York Times, Homeowners, , Bradfield Farms, Charlotte Airport, NORTH, NORTH CAROLINA, SOUTH, CAROLINA SOUTH, Bradfield, Housing Finance, Center, Urban Institute, National Rental Home, Rentals, Florida State University, Equity, Bankrate.com, Sheree, Nationwide, Facebook, Mecklenburg Police Locations: Ronda, Charlotte, N.C, Bradfield Farms, Bradfield, Paterson , N.J, United States, ATTOM, Atlanta, Phoenix, Memphis, Birmingham, Ala, Orlando, Fla, Jacksonville, Tampa, Kansas, Mo, NORTH CAROLINA, CAROLINA SOUTH CAROLINA, , American, North Carolina, New Jersey, Peru
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