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☆ Shohei Ohtani’s 50-50 is just the latest chapter in an extraordinary season for the Los Angeles Dodgers star
▼ + stars: | 2024-09-21 | by ( George Ramsay | ) edition.cnn.com time to read: +7 min

CNN —It was perhaps fitting that Shohei Ohtani should achieve one of baseball’s most remarkable feats with an out-of-this-world performance. But despite being kept away from the mound, Ohtani has had a phenomenal debut season with the Dodgers. Ohtani smacks his 50th home run of the season, and with it, earns the first 50/50 in MLB history. Megan Briggs/Getty ImagesEven without pitching this season, Ohtani is still the odds-on favorite to win the NL MVP award, potentially the first to do so having played solely as a designated hitter (DH). A betrayal off the fieldAll the while, Ohtani’s record-breaking season on the diamond has come against the backdrop of off-field challenges.

Persons: Ohtani –, ”, “, –, Aaron Judge, Ohtani, Megan Briggs, Shawn Green, Ronald Acuña Jr, Alex Rodriguez, Raul Mondesi, Matt Kemp, Dave Roberts, Yoshimasa Hayashi, ” Hayashi, Ippei Mizuhara, Mizuhara, Damian Dovarganes, Mizuhara – Organizations: CNN, Los Angeles Dodgers, Miami Marlins, Major League Baseball’s, League MVP, Marlins, Dodgers, Los Angeles Angels, New York Yankees, National League West, NL West, Atlanta Braves, Seattle Mariners, MLB, ” Dodgers, City of Angels, US Department of Justice, Dodger Locations: Asia, South Korea, Santa Ana , California

☆ How Elon Musk and X got into a messy situation in one of its biggest markets
▼ + stars: | 2024-09-21 | by ( Ana Altchek | Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewElon Musk hasn't shied away from fights since he bought Twitter and renamed it X in 2022. However, the disagreement over moderation on X has blown up, leading to threats of arresting X employees and restrictions on other companies owned by Musk. X was then banned from Brazil on August 31 after failing to follow orders to name a legal representative for X. AdvertisementBrazil's Supreme Court fines X for resurfacing amid banBrazil fined X after some of its users were able to access the site on Wednesday, September 18, despite the ban issued in August, according to the BBC.

Persons: —, Elon, it's, Alexandre de Moraes, De Moraes, Jair, Musk, de Moraes, X, ines, ince, ake l, ove Organizations: Service, Twitter, Brazilian Supreme, Business, Musk Locations: Australia, Nigeria, Turkey, India, Brazil, Here's, lon, usk

☆ New York Democrats are desperate to avoid repeat of their 2022 midterm collapse
▼ + stars: | 2024-09-18 | by ( Gregory Krieg | Gloria Pazmino | ) edition.cnn.com time to read: +12 min

New York Democrats offered a wide array of excuses for their disastrous 2022 midterms, when Republicans flipped four seats outside New York City on their way to winning a narrow US House majority. Now, less than two months out from the 2024 general election, the state party, its campaign season allies, chastened candidates and Gov. D’Esposito is one of five New York GOP freshmen facing an onslaught from Democrats determined to claw back suburban voters. “New York is the reason Democrats lost the House in 2022,” said Pamela Shifman, president of the Democracy Alliance, a liberal group spending big in New York this year. “There’s more focus than there was the last couple cycles, both from the state party, but also obviously the national committees,” the strategist said.

Persons: Kathy Hochul, Donald Trump’s, Anthony D’Esposito’s, Laura Gillen, Joe Biden, Gillen, Marc Molinaro, Mike Lawler, Nick LaLota, Brandon Williams, Kamala Harris, ”, Pamela Shifman, Nancy Pelosi, Pelosi, “, Jay Jacobs, ” Hochul, Andrew Caballero, Reynolds, Ana María Archila, Archila, Trump, Hakeem Jeffries, Jeffries, Kirsten Gillibrand, Lizzy Weiss, Hochul, Andrew Cuomo, Tom Suozzi, Republican George Santos, Gabby Seay, Chip Somodevilla, “ Jeffries, “ He’s, Seay, Michael Bloomberg, Elizabeth Frantz, Lawler, Sean Patrick Maloney, Mondaire Jones, ” Lawler, Jones, Roe, Lee Zeldin, Riley Gaines Organizations: CNN, New York Democrats, Republicans, Gov, Democratic, Republican Rep, New York GOP, Trump, Democracy Alliance, Politico, Democratic National Convention, New, Getty, Families Party, Democratic Congressional, Committee, New York’s, Republican, ”, Capitol Visitor Center, GOP, PAC, New York Fund, Empire, New York, Congressional, Democrats, Rep, “, Working, Party, US, Wade, Convention Locations: New York City, Long, York, Hudson, Central New York, “ New York, New York, Chicago, AFP, Washington ,, strategizing, strategize, Gaza, Suozzi, Hudson Valley, State

☆ The Fed is poised for its first rate cut in years, but it may be too soon to refinance your mortgage
▼ + stars: | 2024-09-18 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

The Federal Reserve is poised to make its first interest rate cut in years on Wednesday. While mortgage rates are partly influenced by the Fed's policy, they are also tied to Treasury yields and the economy. Home loan rates have already started to come down in recent weeks, slightly induced in part by favorable economic data and indications the Fed could cut rates. As of Thursday, Sept. 12, the average 30-year fixed rate mortgage in the U.S. was 6.20%, according to Freddie Mac data via the Fed. "It's almost impossible to figure out what mortgage rates are going to do from week to week or month to month," Ostrowski said.

Persons: Chen Zhao, Freddie Mac, Jeff Ostrowski, Ostrowski Organizations: Federal, CNBC, Treasury, Finance Locations: Redfin, U.S

☆ Here’s what ‘No Spend September’ is and how to know if you should participate
▼ + stars: | 2024-09-17 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

Solstock | E+ | Getty Images'We fritter money away every single day'While you are still going to spend money on fixed essentials like a car payment or monthly rent, "No Spend September" is about being thoughtful in how you're spending money, said Francis, who is a member of CNBC's Financial Advisor Council. When it comes to her own finances, Szafarski believes September can also be a "good time to reset" because it's easy to spend money in the summer, she said. "Depriving yourself for long periods of time can create a boomerang effect of spending," Francis said. To that point, here's a guideline of how to benefit from No Spend September. "Are there things you're spending money on that you don't really need or you're not really using?"

Persons: Francis, Szafarski, Francis said Organizations: CNBC's

☆ The best new iOS 18 features that are available now for iPhones
▼ + stars: | 2024-09-17 | by ( Ana Altchek | Jaures Yip | ) www.businessinsider.com time to read: +8 min

With iOS 18, Apple is bringing updates to a wide range of apps and features, including Mail, Photos, iMessage, and Apple Wallet. And while iOS 18 will eventually feature Apple Intelligence features for the iPhone 15 Pro and iPhone 16 lineup, you'll have to wait until October to see those features start rolling out. AdvertisementHere are some of the changes we're most excited about iOS 18. A new home screen designApple iOS 18 lets you customize your home screen wallpaper, app icons, and widgets. Apple Maps is becoming more hiker-friendlyApple Maps will have topographic maps with detailed trail networks and hiking routes with iOS 18.

Persons: —, it's, Ronak Shah, You'll, Craig Federighi, Apple Cash, Apple AirPods, Siri, Apple Organizations: Service, Apple, Apple Intelligence, Business, Tapbacks, Google, OpenAI Locations: Siri

☆ Jordan Chiles appeals to Swiss supreme court to reclaim Olympic bronze medal
▼ + stars: | 2024-09-16 | by ( Rohan Nadkarni | Rohan Nadkarni Is A Sports Reporter For Nbc News. | ) www.nbcnews.com time to read: +1 min

American gymnast Jordan Chiles has appealed to the Switzerland supreme court to reclaim her bronze medal from the Paris Olympics, Chiles’s attorneys announced Monday. During the women’s floor exercise final in Paris, Chiles was moved up to third place — and awarded bronze — after challenging the judges’ score over one of the elements in her routine. However, she was moved down to fifth days later after the Court of Arbitration for Sport (based in Switzerland) ruled her challenge was submitted four seconds late. The International Olympic Committee then awarded bronze to Romania’s Ana Bărbosu and asked Chiles to return her medal. Chiles has appealed to the Federal Supreme Court of Switzerland to overturn the decision.

Persons: Jordan Chiles, Chiles’s, Chiles, —, Ana Bărbosu, Hamid Gharavi, “ Jordan Chiles ’, ”, Maurice M, Suh, ” Chiles Organizations: Paris, Sport, Olympic, Federal, Romania Locations: Switzerland, Paris, Tokyo

☆ Jordan Chiles appeals ‘unfair’ decision that cost Olympic medal
▼ + stars: | 2024-09-16 | by ( Thomas Schlachter | Kevin Dotson | ) edition.cnn.com time to read: +2 min

CNN —Jordan Chiles filed an appeal of the decision that led to the US gymnast being stripped of an Olympic bronze medal, her attorneys announced Monday. Chiles was stripped of her first individual Olympic medal after the Romanian gymnastics team challenged the decision to revise her final score in the floor exercise to the Court of Arbitration for Sport (CAS). Chiles has now opted to appeal CAS’ decision to the Federal Supreme Court of Switzerland – where CAS is based. “Jordan Chiles’ appeals present the international community with an easy legal question—will everyone stand by while an Olympic athlete who has done only the right thing is stripped of her medal because of fundamental unfairness in an ad-hoc arbitration process? The United States Olympic and Paralympic Committee (USOPC) said they are determined to see Chiles receive the recognition she deserves.

Persons: CNN — Jordan Chiles, Chiles, Romania’s Ana Bǎrbosu, ”, “, “ Jordan Chiles ’, Maurice M, Suh, ” Suh, Jordan’s, Jordan, “ Chiles Organizations: CNN, Sport, CAS, Federal, United States Olympic, Paralympic, CNN Monday Locations: Romanian, Switzerland

“My father, who had experience in the food industry, told me at first to do something else. He said it’s too hard, it’s too much work, too many hours,” Pulido told NBC News. Since then, Pulido has expanded her dining area and her kitchen, she told NBC News. “The week that I was sworn in was the week that I delivered my last baby,” she told NBC News. This year, she was recognized with the 2024 Latino Spirit Award from the California Latino Legislative Caucus for her achievement in public service and health.

Persons: Kenny Luna, Luna, “ campo, Scott Hattis, Hattis, Dominican —, Yadi Garcia, ” Luna, ”, “, Loisa, Ana Liz Pulido, ’, Oscar ”, Beard, Ana Liz Taqueria, she’s, ” Pulido, Pulido, Dr, Diana E, Ramos, California’s, ” Ramos, ” Dr, Nadine Burke, Kimberly White, California Cristina Rivera Garza, Cristina Rivera Garza, “ Liliana’s, Rivera Garza —, MacArthur, Rivera Garza Organizations: Dominican dad’s New, Dominican, New York, NBC News, Mexican, NBC, OB, California Latino Legislative Caucus, Latina, South Central, Justice, University of Houston, U.S Locations: Dominican dad’s New York City, ”, Dominican, Caribbean, New, Side, Puerto Rican, U.S, Texas, Mexican American, Mission , Texas, Mission, California, South, South Central Los Angeles, Sacramento, Mexican, Mexico

☆ When to book holiday travel this fall: 'That window of low prices is brief,' economist says
▼ + stars: | 2024-09-14 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

If you want — or need — to travel this holiday season, start planning now because the ideal time to book Thanksgiving, Christmas and New Year's travel is fast approaching. "The most important thing is for travelers to continue to think about planning now and booking in October," said Hayley Berg, lead economist at travel site Hopper. "That window of low prices is brief, but it can really pay off." Whenever you decide to confirm your reservations, keep in mind that traveling during the holiday season can be fraught with complications, said Sally French, a travel expert at NerdWallet. "The holidays are a difficult time to travel because not only are you dealing with what's likely to be tougher holiday weather, but also working with bigger crowds," said French.

Persons: Hayley Berg, Hopper, Berg, Sally French Organizations: Finance

☆ Trooper suspended over Karen Read investigation won't testify in another high-profile murder case
▼ + stars: | 2024-09-12 | by ( Tim Stelloh | Gemma Dicasimirro | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +3 min

Michael Proctor, the Massachusetts state trooper suspended over his conduct while he was investigating Karen Read, will not testify in another high-profile case on which he was a lead investigator, prosecutors said. The department devoted dozens of additional officers to investigating the case, the filing says. The filing cites Proctor’s testimony in the Read case, in which he testified that he made derogatory comments about Read to his family, friends and supervisors, and it says the prosecutor’s office is reviewing data extracted from the trooper’s cellphone. The agency had opened an internal affairs investigation into allegations of "serious misconduct" raised at trial, a state police official said at the time. He pleaded guilty to wire fraud, interstate transportation for a scheme to defraud and unlawful monetary transaction, the prosecutor's office said.

Persons: Michael Proctor, Karen Read, Proctor, Brian Walshe, fraudster, Ana Walshe, Read, Read’s, Andy Warhol Organizations: Attorney’s, Prosecutors, Massachusetts State Police, Attorney's Office, New, U.S Locations: Massachusetts, Norfolk County, Boston

☆ Homeowners may be 'overconfident in their retirement readiness,’ economist says. Here’s why
▼ + stars: | 2024-09-12 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

Owning a home makes some people feel more confident about their prospects for retirement — but that may be misguided, some experts say. Of those who said they were ahead or on schedule, 42% cite an early start in retirement savings helped them get ahead. The survey polled 6,657 adults, including 2,603 retired adults and 4,054 adult workers, in August. "Homeowners are actually more likely to be overconfident in their retirement readiness," Chen said. "There's a lot of misconception in terms of how people assess whether they are ahead or not in retirement."

Persons: SurveyMonkey, Angie Chen, Chen, Winnie Sun Organizations: Finance, Center for Retirement Research, Boston College, Homeowners, Sun Group Wealth Partners Locations: Irvine , California

San Salvador, El Salvador CNN —For decades, life choices were bleak for many in El Salvador: Leave or die. El Salvador, once synonymous with violence and waves of emigration, saw a dramatic drop in crime. We are not stupid.”Villatoro’s words echo the brutal reality El Salvador has faced for years. Unlike in places like Cuba or China, where residents can seem nervous to criticize repressive regimes, in El Salvador the optimism appears real. Evelio Contreras/CNNTeresa Lilian Gutierrez is caught in the middle, and her experience shows the many complexities of life in El Salvador today.

Persons: Nayib Bukele, Victor Bolaños, Blanca, “, ” Victor, ” Blanca, Evelio Contreras, Bukele, Victor, Diego Morales, ”, El, ” Diego, Salvadorans, Diego, Jairo, “ We’ve, … it’s, ” Jairo, ‘, El Salvador, —, Cecot, Gustavo Villatoro, they’ll, Bukele’s, Donald Trump, ” Trump, ” Villatoro, Juan Carlos Cornejo, Juan Carlos, Socorro Jurídico, Juan Carlos ’, Critics, CNN Teresa Lilian Gutierrez, San Salvador . “, “ He’s, …, they’re, René Merino, Merino, Blanca Bolaños Organizations: San Salvador , El, San Salvador , El Salvador CNN —, New, New York City, CNN, El, Central, Rights Watch, Northern, Customs, Border Protection, World Bank, Houston, La Libertad, Barrio, El Salvador Presidency Central, ”, Republican National Convention, Salvadoran, Officials Locations: San Salvador ,, San Salvador , El Salvador, El Salvador, New York, Denver, San Salvador, Central American, Central America, Honduras, Guatemala, El, Houston, Florida, Austin, Hawaii, Tamanique, Salvadoran, United States of America, Santa Ana, “, Socorro, Cuba, China, La Campanera, San Salvador ., Mariona, America, Bukele

☆ Jordan Chiles: US gymnast says ‘the person I am’ was taken from her during Olympic medal controversy
▼ + stars: | 2024-09-12 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

Not just my sport, but the person I am,” she told Forbes’ Power Women’s Summit, appearing emotional at times. … I feel like I was really left in the dark.”CNN has reached out to the International Olympic Committee, the International Gymnastics Federation and CAS for comment on Chiles’ comments. Chiles spoke of the “huge toll on [her] mental health” the coach’s comments had as she considered quitting gymnastics. The win was historic – marking the first time all three positions on the Olympic podium were held by Black women. Chiles was initially awarded a bronze medal in the women's floor exercise event at the 2024 Paris Olympic Games.

Persons: Jordan Chiles, Chiles, Romania’s Ana Bǎrbosu, ”, it’s, …, “ didn’t, ” Chiles, Taraji, Henson, Tracie Jade, Simone Biles, Brazil’s Rebeca Andrade, Gabriel Bouys, “, ” USAG, Hamid G, Gharavi Organizations: CNN, Games, Sport, CAS, Wednesday, Forbes, Power Women’s, International Olympic Committee, International Gymnastics Federation, Olympics, Olympic, Getty, Romanian Gymnastics Federation, US, Paralympic, USA Locations: Romanian, AFP, Romania

☆ Jordan Chiles says her life feels like she's 'in a tornado.' She's onto her next move anyway.
▼ + stars: | 2024-09-12 | by ( Amanda Krause | ) www.businessinsider.com time to read: +5 min

Read previewWhat's life like for Jordan Chiles after the 2024 Summer Olympics? Looking at Chiles' schedule over the last two weeks, it's no wonder she feels like she's in a whirlwind. Chiles also told Forbes that the experience led her to lose her love of gymnastics, which she had previously felt in 2018. Amanda Krause/Business InsiderBut Chiles said she's hoping to quickly move past the dark spot threatening to shadow her Olympic experience. Chiles added that she wants people to understand that while she's a professional athlete, she's first and foremost a human being.

Persons: —, Jordan Chiles, I've, Chiles, Steven Ferdman, Ana Bărbosu, Forbes, Moira Forbes, Amanda Krause, she's, Simone, Biles, Naomi Baker, I'm Organizations: Service, Forbes Power Women's, MTV, Business, Getty, Sport, Forbes, International Gymnastics Federation, International Olympic Committee, Women's, New York, Milani Locations: Paris, Romanian, New

☆ The world’s best airline rewards programs, according to Point.me
▼ + stars: | 2024-09-12 | by ( Marnie Hunter | ) edition.cnn.com time to read: +6 min

CNN —Having trouble navigating the complicated, often frustrating, world of airline loyalty programs? 1 airline rewards program, according to the rankings. Last week, the US Department of Transportation announced a consumer protection probe into US airlines’ loyalty programs. World’s top 10 airline rewards programsHere are the top 10 programs globally and their scores on a 100-point scale, according to Point.me’s analysis:1. SeongJoon Cho/Bloomberg/Getty ImagesNorth America’s top 10 airline rewards programsHere are the top 10 programs in North America and their scores on a 100-point scale, according to Point.me’s analysis:1.

Persons: CNN —, ”, Tiffany Funk, Point.me, Canada’s Aeroplan, Funk, Delta, Avianca, they’re, ” Funk, SeongJoon Cho, Allegiant Organizations: CNN, Air France, KLM, Air, United, ” United Airlines, Virgin Atlantic, British Airways, JetBlue, Delta Air Lines, Delta, North, Canada’s, Qatar Airways Privilege, Cathay Pacific, Singapore Airlines KrisFlyer, US Department of Transportation, American Airlines, Southwest Airlines, United Airlines, Air Canada, British Airways Executive, Virgin Atlantic Flying, Alaska Airlines, JetBlue TrueBlue, Bloomberg, Getty, Southwest Airlines Rapid, Airlines, Spirit Airlines, Qatar Airways, Cathay Locations: Alaska, Latin America, East, Africa, Cathay Pacific Asia Miles, Asia, Pacific, Air France, North America, Europe, Middle East, Oceania

In her first public comments since being stripped of a bronze medal she appeared to have rightfully won, Olympic gymnast Jordan Chiles on Wednesday said she’s still seeking “justice” and “peace." Chiles, speaking at the Forbes Power Women’s Summit, said the situation regarding the disputed medal has taken a severe emotional toll. “At this rate, it’s not really about the medal, it’s about my peace and my justice,” the 23-year-old said at the conference. Once that scoring error was corrected, Chiles vaulted into third place and the bronze medal. "No matter what, I'm always going to have those accolades with me and I'm going to continue to shine bright in the ways that I'm going to shine bright, because the star is never going to get dimmed."

Persons: Jordan Chiles, she’s, ”, Chiles, ” Chiles, she's, “, Cecile Landi, Romanian Ana Bărbosu, Black, I'm Organizations: Forbes Power Women’s, Games, IOC, Sport Locations: Romanian, Paris, Tokyo

☆ Here's how to know if your college kid actually needs 'dorm insurance'
▼ + stars: | 2024-09-10 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

Terry Vine | Getty ImagesHow dorm insurance compares to other optionsColleges and universities will often partner with different insurers to offer dorm insurance, Worters said. If parents decide to take on a dorm insurance policy, it would be billed separately from the room and board, said Worters. watch nowWhether you sign up for dorm insurance or not, your child's dorm possessions will likely be covered under your home insurance plan, according to experts. But keep in mind that dorm-specific insurance policies tend to have lower deductibles than home insurance policies, Worters said. The home insurance policy will often stretch over, so long as the kid lives in a dorm, she said.

Persons: Terry Vine, Worters, McClanahan Organizations: CNBC, Council, National Association of Insurance

☆ I was unhappy with past therapists and turned to ChatGPT. It helped me open up about trauma and make changes in my life.
▼ + stars: | 2024-09-09 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

I created a therapist ChatGPT chatbot with all my background information when I talk to it. ChatGPT helped me get information about the cycles of abuse and how textbook some of my behaviors and reactions were. Prior to using ChatGPT, I wasn't able to open up about my trauma even though I tried to. I talked about leaving with my friends all the time, but ChatGPT helped me realize the techniques we were trying in my relationship weren't working. Typically, I'll spend 15 or 30 minutes with my ChatGPT therapist because I write quickly.

Persons: —, Crystal, I'm, ChatGPT, Brene Brown, I've, it's Organizations: Service, Business Locations: North Carolina

More than 70 LGBTQ models and eight designers took over the Brooklyn Museum on Thursday night for dapperQ’s ninth annual queer fashion show, "Presents Nine," coinciding with the start of New York Fashion Week. Hundreds of attendees crowded the perimeter of the runway, cheering, chanting — and sometimes screaming — as models strutted across the stage. Jorge Garcia for NBC NewsWhile the event is not part of the official New York Fashion Week lineup, dapperQ, a digital magazine dedicated to covering queer fashion as a form of activism, intentionally makes its show just as big of a spectacle. The idea for the event came to founder Anita Dolce Vita more than a decade ago, when she started receiving invitations to NYFW shows. “I would come back with very little content that would be relevant to our readers and our communities,” Dolce Vita told NBC News.

Persons: Mickey Freeman, Austin Alegria, Keith Kelly, Jorge Garcia, Anita Dolce Vita, “, ” Dolce Vita, Beyoncé, NBC News Buffy Sierra, ” Sierra, ” Organizations: Brooklyn Museum, New York, NBC News, NBC News Buffy, “

☆ A tech career coach says she listened to over 700 interviews — and the candidates who got big offers do these 3 things
▼ + stars: | 2024-08-31 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Give credit where it's dueMcIntyre told BI that successful candidates talk about mentors during the interview. "What's understood is, part of what you're getting today is all of these lessons that I've already learned," McIntyre told BI. "There's all these other metrics that aren't just revenue but directly tied to revenue," McIntyre said. Those who don't get offers often fail to bring up how they measure metrics and bring revenue to the company, McIntyre said. "In today's market, pretty much everybody has the hard skills," McIntyre told Business Insider.

Persons: —, Katie McIntyre, McIntyre, McIntyre doesn't, they're, they've, I've, that's Organizations: Service, LinkedIn, Business, BI Locations: CareerSprout

The average rate for a 30-year, fixed-rate mortgage dropped to 6.35% on August 29 from 6.46% a week ago, the lowest mortgage rates have been in 15 months, according to Freddie Mac. "I bought a house when [the mortgage rate] was 15% and then I refinanced." "No bank is ever going to give you a true no closing cost loan at the lowest possible rate. And buying with the goal of refinancing is always taking a gamble on mortgage rates, which comes with a certain amount of risk. Even though recent declines in mortgage rates may gain steam as the Fed lowers its benchmark rate, lower mortgage rates could also boost homebuying demand, which would push prices higher.

Persons: Freddie Mac, Jacob Channel, Dottie Herman, Douglas Elliman, I've, Melissa Cohn, William Raveis, Banks, Cohn, Keith Gumbinger, Michael Krowe, Krowe Organizations: Brigade, Getty, Federal, LendingTree, Fed, William Raveis Mortgage, HSH.com, Edelman Locations: New York

☆ A 'man-made disaster' could make it trickier to buy or sell a home in some areas this fall, real estate expert says
▼ + stars: | 2024-08-26 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +5 min

That's because the National Flood Insurance Program — the government-sponsored public insurance program that is the largest flood insurer in the U.S. — needs to be reauthorized by Sept. 30 to continue to issue new policies or increase coverage on existing policies. "There are very few private insurers that offer any type of flood insurance," said Daniel Schwarcz, a professor of law at the University of Minnesota Law School who focuses on insurance law and regulation. In that report, from 2011, it estimated a one-month NFIP lapse could affect about 40,000 closings. "There is no need to take the risk that the flood insurance program will lapse when you could close ahead of Sept. Then in 2021, FEMA implemented Risk Rating 2.0, a new pricing system that would accurately reflect the cost of an area's risk.

Persons: Jaret Seiberg, Cowen, Jeremy Porter, Daniel Schwarcz, Cowen's, Yanjun Liao, Liao, Schwarcz, Foundation's Porter, Porter Organizations: Getty, Federal Reserve, National Flood Insurance, Federal Emergency Management Agency, First Street Foundation, University of Minnesota Law School, National Association of Realtors, FEMA, Resources Locations: U.S, New York, Washington ,

☆ This woman made up to $110,000 a year as a nanny for the ultra-rich. Here's what she learned from the job
▼ + stars: | 2024-08-24 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +10 min

In Kiser's final year as a nanny during the pandemic, she estimates she took home about $110,000. CNBC spoke with Kiser about some of the financial lessons she learned during her time as a nanny, and why she ultimately left the role. Stephanie Kiser: I read "The Nanny Diaries" when I started my first job. SK: A contract as a nanny is important because there's no human resources; there's no laws protecting you. It seems like nannying work can have a low barrier to entry, with salary growth potential, but then there are all these other risks.

Persons: Stefanie Kiser, Jillian Rahn, Stefanie Kiser Stephanie Kiser, Tim Walz, Kiser, Scarlett Johansson, James Devaney, Ana Teresa Solá, Stephanie Kiser, nannying, I'm, Nannies, nannies, they've, who've, There's, weren't Organizations: Upward Mobility, Mercedes, Hamptons, Finance, CNBC, Upper, Wireimage, Getty, SK, New, Domestic, ATS, Pew Research Center Locations: New York City, America, New York City , New York, United States, New York

☆ I Work at Yellowstone With Free Housing, Meals, and 3-Day Weekends
▼ + stars: | 2024-08-23 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Read previewThis as-told-to essay is based on a conversation with Josie Weaver, a 28-year-old employee at Yellowstone National Park. AdvertisementMammoth Hot Springs Employee Prom 2023. Me and my friend group on a Yellowstone employee ski trip to Grand Targhee. Josie WeaverSome aspects of the lifestyle can make it hard to build rootsRelationships move quickly here because we all live and work together. I've had a lot of friends who met here and got married and now have Yellowstone babies which is cool.

Persons: —, Josie Weaver, I'm, It's, There's, I've, you'll, it's, that's Organizations: Service, Business, Yellowstone's Locations: Gallatin, Middle Teton, Dunanda, Yellowstone

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