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The housing market is turning in buyers' favor as more sellers cut prices. The number of homes that saw a price cut rose to 19.3% in August, per Realtor.com. Sellers could be losing patience as their homes sit on the market for longer, the firm said. AdvertisementThe housing market looks like it's starting to tip in buyers' favor. The number of homes for sale that saw a price cut in August rose to 19.3%, according to Realtor.com data.
Persons: Sellers, Organizations: Service, Business
We've outlined everything you need to know about where to watch the Paralympics around the world, including free streaming options. Check price at Peacock TVWhere to watch the Paralympics in the UKThe Paralympics will live stream for free on Channel 4 Sport's YouTube channel in the United Kingdom. Where to watch the Paralympics in AustraliaAs with the Olympics, the Paralympics will be shown for free on 9Now in Australia. Where to watch the Paralympics in FranceThe Paralympics will live stream for free on France.TV in France. You can still keep up with your free live streaming options using a VPN (virtual private network).
Persons: Hunter Woodhall, Johannes, Stan Sport, AWST, Peacock, ExpressVPN Organizations: Business, Paralympics, Paralympic Committee, IPC, YouTube, Sunday, NBC, Olympics, Channel Locations: Paris, ExpressVPN, United States, United Kingdom, Australia, France, 9Now
Tesla said it will launch its "Full Self Driving" driver assistance product in Europe and China early next year. Tesla is yet to receive regulatory permission to launch its FSD product in Europe and China, but Musk in July said that he expects to get this clearance by the end of 2024. So-called Full Self Driving, or FSD, has been a key pillar of Musk's strategy to make Tesla a more AI-centric company and push toward self-driving technology. Despite the label on its product, FSD is not actually capable of making its vehicles fully autonomous. FSD is an upgrade to Tesla's Autopilot driver assistant, which is already available in Europe and China.
Persons: Tesla, Musk Organizations: Elon, Drivers Locations: Europe, China, U.S
Here's everything we know about Fyre Festival II — and be warned, it's not a lot. "It really all started during this seven-month stint in solitary confinement," he said in the Fyre Festival II announcement video. When and where is Fyre Festival II? Who's on the lineup for Fyre Festival II? He also said he was working with "one of the biggest production companies" on a deal to produce "Fyre Festival: The Broadway Musical," which is admittedly much more intriguing than the prospect of another Fyre Festival itself.
Persons: , Billy McFarland, McFarland, it's, Heath Miller, wouldn't, Victoria Medvedenko, Cooper Sinkiawic, they're, Netflix McFarland, I've, McFarland didn't Organizations: Service, YouTube, Business, Twitter, Entertainment, Netflix, Ministry, Tourism, CBS News, The, Wall Street, WSJ, Coral, Fyre, Fyre Media, Washington Post, CBS, Karate Locations: Great, Bahamas, New York, Fyre, Caribbean, The Bahamas, Honduras, Belize, Turks, Caicos, Jamaica, Panama, Coral View
But at the 11th Aging Research and Drug Discovery meeting in Copenhagen last week, the food was good. Noma cofounder Claus Meyer, who drafted the first New Nordic Food Manifesto, is also behind the company that catered ARDD 2024. Bright pink pickled onions, for example, provide a great flavor punch in the mix, but are also nice for your gut. Bright pink pickled onions, for example, provide a great flavor punch in the mix, but are also nice for your gut. But, for now, I have some ideas on how to make my lunches and snacks a little better for my longevity.
Persons: , Claus Meyer, Meyers, Hilary Brueck Meyers's, dieticians, Yum, Hilary Brueck, Eugen Chirita, that's, it's Organizations: Service, Aging Research, Drug, Business, Nordic Food, xmazepa Locations: Copenhagen, Denmark
Roth contributions don't get the same upfront tax break: Investors fund Roth IRAs with after-tax money, but generally don't pay income taxes on earnings or withdrawals in retirement. The 'only reason' to save in a nondeductible IRALordhenrivoton | E+ | Getty ImagesHigh earners can contribute to a so-called nondeductible IRA, however. The ability to use the backdoor Roth IRA is a major benefit of these accounts, tax experts said. watch now"The only reason you'd do [a nondeductible IRA] is if the intention was to do a backdoor Roth," Slott said. "All high wage earners should consider looking at both a backdoor Roth IRA and a mega backdoor Roth IRA if they can't set up a Roth IRA," said Ted Jenkin, a certified financial planner and founder of oXYGen Financial, based in Atlanta.
Persons: Thomas Barwick, Roth, Slott, Ted Jenkin, He's Organizations: Investors, Roth IRA, IRA, CNBC, Taxpayers, IRS, Arnold, Mote Wealth Management, Medicare, nondeductible Locations: deductibility, Atlanta, Hiawatha , Iowa
Read previewRon Allanach, 74, and his partner Ben Lorgeranon moved to Vancouver from New England in 2005, thinking they would stay there for their retirements. The city is safer than he imagined, prices for nearly everything are much lower, and healthcare is more reliable. Allanach said they felt safer in Mérida than in the US or Canada, and prices were lower. They stayed there between trips back to Vancouver, and they moved to Mérida fully in 2020. AdvertisementA street in Mérida, Mexico.
Persons: , Ron Allanach, Ben Lorgeranon, Allanach, Mérida, they've, Mexico Allanach, Lorgeranon, couldn't, it's, Allanach's, that's, he's, Mercado Lucas de Gálvez Organizations: Service, Business, US Postal Inspection Service, Costco Locations: Vancouver from New England, Mérida, Mexico, Vancouver, Canada, Portland , Maine, Portland, Thailand, France, Yucatán, Angeles, expat, they're
Much of the initial enthusiasm surrounding bitcoin ETFs has dissipated in the last few months, following a blockbuster debut that broke records for the ETF market. Spot bitcoin funds now hold a total of around $52.6 billion in assets under management, $10 billion off their peak. As of the end of the second quarter, Wall Street banks and hedge funds were buyers of bitcoin ETFs. Goldman Sachs made its debut in the crypto ETF market in the period, purchasing $418 million worth of bitcoin funds. Of the investment bank's $1.5 trillion in assets under management, it held $189 million worth of spot bitcoin ETFs, down from roughly $270 million in the prior period.
Persons: Ark 21Shares, Bitcoin, Wainwright, Goldman Sachs, Morgan Stanley Organizations: outflows, Investors, SEC, Fidelity, JPMorgan Locations: U.S, Wall
Executives at ESPN and Penn Entertainment hope that's true of ESPN Bet, which will soon debut in the Big Apple as football season heats up. The company hopes its massive platform and popular talent will attract new users to ESPN Bet. A far lower spend rate than its peers drove the service's market share below 4% in the first quarter of 2024, BofA estimated. In those states, ESPN Bet's share is generally between 3% and 6%. AdvertisementThat gives ESPN's namesake betting app a big advantage, but it's unclear whether that will be enough in the ruthless sports betting market.
Persons: , Frank Sinatra, Mike Morrison, ESPN's, Penn, Chris Grove, Penn didn't, Grove, Dan Wasiolek, Wasiolek, Bet365, ESPN Bet shouldn't Organizations: Service, New, ESPN, Penn Entertainment, ESPN Bet, Apple, Business, Industry, NFL, Krejcik, Penn, Bank of America, Morningstar, Sports Locations: New York, Pennsylvania
Nvidia is suddenly in trouble
  + stars: | 2024-09-04 | by ( David Goldman | ) edition.cnn.com   time to read: +4 min
CNN —Nvidia, the AI chipmaking titan that was briefly the world’s most valuable company, has suddenly found itself in an unfamiliar position: a major rut. Nvidia (NVDA) had the worst day in the history of the stock market Tuesday, as measured by loss in total market value. To put that shocking decline into context, only 27 companies on the planet are worth as much as Nvidia lost in value Tuesday. That’s why bulls like Wedbush’s Dan Ives believe Nvidia’s stock decline presents a buying opportunity. – CNN’s Ramishah Maruf contributed to this reportCorrection: Correction: An earlier version of this story incorrectly described TSMC's relationship with Nvidia.
Persons: Jensen Huang, , Biden, Kamala Harris, Donald Trump, Huang, Blackwell, , ” Huang, Wedbush’s Dan Ives, ” Ives, , Ramishah Maruf Organizations: CNN, Nvidia, Meta, McDonald’s, Chevron, Pepsi, BlackRock, Microsoft, Intel, US Justice Department, Bloomberg, Department of Justice, Justice Department, US Department of Justice, titans, Apple, Google, Nasdaq
Every jobs number moves markets now In the meantime, every data point on jobs is a potentially market moving event. Nvidia's multiple is falling, not its earnings Meanwhile, there was much gnashing and wailing around Nvidia 's big 9% drop yesterday. Nvidia lost $279 billion in market value Tuesday. The forward multiple for Nvidia's next fiscal year (February 2025-February 2026) is 28.8, well below the 36 multiple in June. While Nvidia is certainly not a value stock, it is much more reasonably priced than it was two months ago.
Persons: Goldman Sachs, you've, they've, Tom Lee, Fundstrat, Joe Zicherman, Big, CNBC's Robert Hum Organizations: Citigroup, Bulls, CNBC, Nvidia, Meta Locations: China
Hundreds of thousands of protesters flooded the streets of Tel Aviv, Israel, after six hostages were found dead in Gaza. The protesters demanded a ceasefire from Prime Minister Benjamin Netanyahu as well as the return of the remaining hostages. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?
Persons: Benjamin Netanyahu Organizations: Business Locations: Tel Aviv, Israel, Gaza
CNN —A roughly 1-meter (3-foot) asteroid burned up in Earth’s atmosphere over the Philippines near Luzon Island early Wednesday afternoon, according to NASA. This screen grab taken from a video shows an asteroid burning up in the night sky as witnessed from Gonzaga in Cagayan province, Philippines, on September 4. Allan Madelar/FacebookThe Catalina Sky Survey discovered the object, initially called CAQTDL2 but now named 2024 RW1, this morning. “This is just the ninth asteroid that humankind has ever spotted before impact,” ESA tweeted. The object was harmless as it was small enough to burn up in the atmosphere upon entry.
Persons: Allan Madelar Organizations: CNN, NASA, European Space Agency, Sky Survey, ESA Locations: Philippines, Luzon, Gonzaga, Cagayan province
New York CNN —Chipotle is already getting into the Halloween spirit. The fast-casual chain announced a costume collection with Spirit Halloween Wednesday, the seasonal Halloween costume store that pops up every year in abandoned storefronts. Two years ago, it posted a fake “Chipotle Fork” bodysuit with the caption “Found ur costume.” Then last year, another fake “Chipotle Napkin” costume showed up on its Instagram. The Chipotle Fork costume, for example, is just a plain black, polyester bodysuit. “Our popular Halloween tradition, Boorito, began with a burrito-themed costume contest and now we’re taking it to the next level with the launch of our first-ever costume collection in collaboration with Spirit Halloween,” said Chris Brandt, chief brand officer at Chipotle in a statement.
Persons: New York CNN — Chipotle, Chipotle, , Chris Brandt, Brian Niccol, Taco, Scott Boatwright Organizations: New, New York CNN, Burt’s, Retailers, Taco Bell Locations: New York, Canada, Chicago, Denver, Egg Harbor Township, N.J, Los Angeles
London CNN —Foreign automakers have dominated China’s car market for decades, selling millions of vehicles and raking in enormous profits. Ford (F) and General Motors (GM) are also among firms seeing sales and market share vanish in China as local consumers spurn overseas brands to buy Chinese instead. The American automaker’s sales in China have halved from a peak of above 4 million in 2017 to 2.1 million last year. Last year, BYD sold a record 3.02 million vehicles globally, including plug-in hybrids, up 62% from 2022. Months later, Stellantis (STLA), which makes Citroen, Fiat, and Peugeot cars, bought a 20% stake in Chinese EV maker Leapmotor for about €1.5 billion ($1.7 billion).
Persons: Arno Antlitz, GM’s, Mary Barra, , Michael Dunne, Dunne, Xi Jinping’s, Tesla, Yilei Sun, Reuters Tesla, Li, Tu Le, Le, BYD, ” Dunne, Raul Bravo, Stellantis, Organizations: London CNN — Foreign, Volkswagen, Wolfsburg, Toyota, General Motors, China Passenger Car Association, Foreign, Japan’s Mitsubishi Motors, Honda, Hyundai, Ford, GM, EV, Tesla, Yilei, Reuters, International Energy Agency, , CNN, Visitors, Automotive, Xinhua, Shutterstock, Auto, “ Global, UBS, Port, Citroen, Fiat, Peugeot, Leapmotor, Hedin Locations: China, London, Germany, Europe, American, Shanghai, Tesla's Shanghai, Beijing, EVs, Japan, North America, San Antonio, Chile, Chilean, AFP, Xpeng, Thailand, Hungary
U.S. adults will wager $35 billion this NFL season, according to projections from the American Gaming Association. Since last NFL season, Maine, North Carolina and Vermont have allowed sports betting operators to launch in their states. "The NFL season is our biggest acquisition period of the year," said Christian Genetski, president of FanDuel, the nation's leading sportsbook. Since then, Fanatics Sportsbook acquired PointsBet's U.S. operations and technology, which is now fully integrated. It first launched in November last year, smack in the middle of NFL season.
Persons: Joe Milton III, Kyu Blu Kelly, Scott Taetsch, Churchill, Christian Genetski, FanDuel, It's, Michael Rubin's, Sportsbook, Pavlo Gonchar, Matt King, King, DraftKings, Penn, Jay Snowden, Gabby Jones Organizations: New England Patriots scrambles, Getty, American Gaming Association, National Football League, NFL, International, Caesars, MGM Resorts, New York Stock Exchange, Rush Street Interactive, FanDuel, YouTube, PointsBet's, Lightrocket, CNBC, Penn Entertainment, ESPN Bet, Disney, ESPN, Bloomberg Locations: Landover , Maryland, Maine, North Carolina, Vermont, Florida, Washington, Penn, Entain, New York
Nurphoto | Nurphoto | Getty ImagesFollowing the recent arrest of its founder in France, Telegram is now facing potential legal troubles in South Korea. Parallels in the casesDurov, the 39-year-old Russian-born billionaire, was arrested by French authorities following a preliminary investigation into Telegram launched on July 8. Similar to South Korea's investigation, French authorities were probing the platform's role in the distribution of pornographic images of minors, as well as facilitating organized crime, drug trafficking and fraud. Telegram's refusal to share information with investigators when required by law has also been noted in the French investigation. Now, in South Korea, they are attracting distributors of deepfake porn.
Persons: Pavel Durov, Durov, Woo Jong, Woo Organizations: Nurphoto, Yonhap News Agency, National Office of Locations: Krakow, Poland, France, South Korea, Russian, U.S, Brazil, Germany
Read previewThis as-told-to essay is based on a conversation with Tyler Heppell, a fifth-generation farmer from Heppell's Potato Corporation in Canada. As a fourth-generation farmer at a 104-year-old potato farm in British Columbia, my dad thought he had hit the lottery when he had three sons. My plan was to work on my family's farm for a year while I figured out the next steps. I took a pay cut to return to the farmI made almost 200,000 Canadian dollars in sales, or around $150,000, in one year. I'm also in charge of all the truck drivers because the potato fields are about an hour from our farm.
Persons: , Tyler Heppell, I'm, Heppell, It's Organizations: Service, Heppell's Potato Corporation, Business, Fortune, Statistics Canada, Royal Bank of Canada Locations: Canada, British Columbia
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewUK officials said Monday that the country would suspend the export of some arms to Israel. It came days after Israel said it recovered the bodies of six hostages, whom the country said had been killed by Hamas in a tunnel in Gaza. "At a time when we mourn 6 hostages who were executed in cold blood by Hamas inside tunnels in Gaza. Though the consequences of the UK's decision on the wider war may ultimately be limited, its impact may hold more symbolic weight on the geopolitical stage.
Persons: , Israel, David Lammy, Lammy, Sam Perlo, Freeman, Yoav Gallant, Gallant, Joe Biden, Benjamin Netanyahu, Netanyahu's, Josh Paul, Paul, Jamal Khashoggi, Still, Netanyahu Organizations: Service, Business, British, Trade, AP, Israeli, Gaza Health Ministry, Committee, Democracy Locations: Israel, Gaza, Tel Aviv, Iran, Lebanon, Hezbollah, Saudi, East, North Africa, Egypt
Ukraine's Commander-in-Chief Oleksandr Syrskyi stated last week that an objective of the Kursk invasion was to redirect Russian forces away from the Pokrovsk direction. But the Kursk invasion has limited the number of troops available for reinforcement. KIRILL CHUBOTIN/Ukrinform/Future Publishing via Getty ImagesGeorge Barros, the geospatial-intelligence team lead and a Russia analyst at ISW, said that the Kursk invasion underscores how Moscow left a major portion of its international border undefended. Even though the Kursk invasion may not be forcing Russia to redirect front-line forces from Pokrovsk, that campaign will eventually culminate. These efforts have intensified since the start of the Kursk invasion.
Persons: , Ukraine's, Oleksandr Syrskyi, Tatarigami, Diego Herrera Carcedo, Putin, Volodymyr Zelenskyy, KIRILL CHUBOTIN, George Barros, Vladimir Putin, Barros, REUTERS Barros Organizations: Service, Kyiv, Business, AP, Institute for, Getty, Ukraine, Publishing, REUTERS Locations: Russia, Moscow, Kursk, Ukraine, Kyiv, Russia's, Ukrainian, Sudzha, Russia's Kursk, Pokrovsk, Anadolu, Russian, Korenevo
Then a crash sounded, a rare 3,500-year-old jar was broken on the ground, and her son stood over it, aghast. The jar, which is at least 3,500 years old, was left in pieces at the Hecht Museum last month. Hecht Museum staff“I’m embarrassed,” said Anna Geller, who said she tried desperately to calm her son down after the vase shattered. Ariel Geller, 4, center, and his parents Anna, right, and Alex, center left, during their visit to the Hecht Museum. “That’s what’s actually interesting for my older kids, this process of how they’re restoring it, and all the technology they’re using there,” Alex Geller said.
Persons: perused, Anna Geller, , Geller, Ariel Geller, Ariel, Alex Geller, Ariel —, , , “ I’m, Hecht, Inbal Rivlin, Anna, Alex, Alleruzzo, ” Alex Geller, “ That’s, Roee, Shafir Organizations: Israel AP —, Hecht Museum, Haifa University, Hecht, Hezbollah Locations: Haifa, Israel, Nahariya, Israel’s, Lebanon, Gaza
"Strong renter retention alongside our growing national rent index underscores the robust demand present in the US market." AdvertisementThe best explanation is that apartment supply remains capped in those markets, Zumper noted. Of those, 28 also happen to have lower rents for one-bedroom apartments than the national median of $1,534. To help renters save, Business Insider narrowed that list down even further to 10 cities where one-bedroom units are cheaper than the national median and rent is down at least 5% year over year. Below are those 10 cities along with their year-over-year and month-over-month rent changes, median rent prices, the monthly savings vs national median, and the national rent rankings among the nation's 100 largest real-estate markets.
Persons: , Zumper, they've, Anthemos Georgiades Organizations: Service, Business, Syracuse University, Yale University, University of Kentucky, University of Wisconsin, University of Nebraska Locations: Syracuse , New York, New Haven , Connecticut, Lexington , Kentucky, Madison , Wisconsin, Lincoln , Nebraska, Madison, Lincoln, North Carolina, Texas
Read previewUpdate: After this article was published, Paramount Global confirmed to Business Insider that the company had sold VidCon to Informa. Paramount Global is selling its creator conference VidCon to the UK media and events company Informa, according to two people familiar with the matter. They spoke to Business Insider on the condition of anonymity as they were not allowed to discuss details around the deal. Adding VidCon, which centers on social-media stars rather than Hollywood and comic-book talent, could help broaden the fan base and advertiser roster of its events business. BI was unable to learn the terms of the VidCon deal between Paramount and Informa.
Persons: , VidCon, Informa, YouTubers Hank, John Green, São Paulo, Green, lanyards, Phillips, Adweek, David Ellison's Organizations: Service, Paramount Global, Business, Toronto Comicon, Cannes Lions, Paramount, Viacom, SXSW, Disney, Media, BI Locations: Anaheim , California, Baltimore, Mexico City, Anaheim
Earlier this year, Bailey promised to turn out $100 million and 5 million votes for Trump. Hoyos-López, Bailey's neighbor, had been recently orange-pilled, and was anxious to help out any way she could in getting Trump to Nashville. At the conference, Hoyos-López, Fabiano and Bailey worked to stage a second roundtable with Trump. To Fabiano, Bailey, and Hoyos-López, the stakes couldn't possibly be higher, as Democratic nominee Kamala Harris gains momentum in the polls. Less than a week after leaving Nashville, Fabiano, Hoyos-López and Bailey were back together closer to home to process all that had happened.
Persons: Dolly Parton, Donald Trump, Trump, conferencegoers who'd, Harris, Gary Gensler, CNBC hasn't, Keanu Reeves, Amanda Fabiano, Tracy Hoyos, David Bailey, Bailey, Fabiano, David, I've, Nashville ., Amanda, Hoyos, López, She's, Donald Trump's, Jon Cherry, He'd, Sen, Elizabeth Warren, Michael Saylor, he's, Emily, " Hoyos, Paul Grewal, Cantor Fitzgerald, Howard Lutnick, Rock, Billy Ray Cyrus, bitcoiner Tracy Hoyos, López Trump, Kamala Harris, she's, bitcoiners, Lopez Organizations: Broadway, Music City Center, Republican, Biden, SEC, CNBC, Washington Post, The Washington Post, BTC Inc, Trump, Wall Street, Miners, Lago, Music City, Getty, Riot, Marathon Digital Holdings, Scientific, Solana, Libertarian National Convention, Bitcoin, Mar, Nashville, Bitcoin Conference, Trump White Locations: NASHVILLE, Tenn, , USA, Nashville, Puerto Rico, Nashville , TN, California, Guaynabo, San Juan, Manhattan, Trump, bitcoin, Egypt, New York, Palm Beach , Florida, Nashville , Tennessee, China, America, San Francisco, López, Japan, Hoyos, U.S, American, Puerto Rican
Read previewThis as-told-to essay is based on a conversation with Daniel Beiler, 33, an emergency medical technician and aid volunteer who grew up in a traditional Amish community in Pennsylvania. An Amish family walks through a field. He taught me that there were other Amish people questioning things — and eventually the Amish system couldn't hold us anymore. When a storm comes through and the electric goes out, life kind of slows down, and I don't like that feeling. My family don't have any technological restrictions now, but we haven't embraced too much trash culture.
Persons: , Daniel Beiler, Ted Shaffrey, I'd, Beiler, Posnov, William Thomas Cain, excommunicating, wouldn't, it's, Jessica Melanson, We've, Tom, Jerry, I'm Organizations: Service, Business, Getty, ISIS Locations: Pennsylvania, Lancaster County , Pennsylvania, America, Iraq, Dnipro, Ukraine, Philadelphia, Syria, Bolivia, Idaho
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