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☆ ESPN's head of content explains why ace news-breaker Shams Charania was a must-hire after Woj's sudden exit
▼ + stars: | 2024-10-09 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

ESPN replaced retired NBA reporter Adrian Wojnarowski with Shams Charania. AdvertisementAs many basketball fans have likely heard, the latest major NBA signing is Shams Charania to ESPN. The 30-year-old scoop master is replacing Adrian Wojnarowski, the genre-defining NBA reporter who had unexpectedly retired from the news-breaking business three weeks earlier. "It felt like it was a perfect way to solve this problem," said Burke Magnus, ESPN's head of content, in an interview with Business Insider on Wednesday. In the last few months, veteran NBA reporter Zach Lowe, host Samantha Ponder, and analyst Robert Griffin III each were let go.

Persons: Adrian Wojnarowski, Shams Charania, Burke Magnus, —, Charania —, ESPN's, wasn't, Wojnarowski, Magnus, Jeff Passan, Jeff, Charania, he's, he'll, Stephen A . Smith, Pat McAfee, Dave Roberts, Howard Cosell —, Mike Greenberg, that's, Stephen A, Zach Lowe, Samantha Ponder, Robert Griffin III, we're Organizations: ESPN, Service, NBA, Athletic, Yahoo Sports, Business, Sports News, Entertainment

☆ CNBC Daily Open: Stocks’ choppiness in October can be an opportunity
▼ + stars: | 2024-10-09 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Hasan Akbas | Anadolu | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. October, then, is truly living up to its reputation as the most volatile month for stocks. But investors should keep in mind the uncomfortable swings in markets aren't always a good signal for the underlying health of stocks. In fact, when stocks dip because of mild repricing or a correction, that's a good opportunity for investors to swoop in, according to Johnson.

Persons: SPX, Hasan Akbas, Robert Sluymer, Piper Sandler, Craig Johnson, Johnson, – CNBC's Hakyung Kim, Samantha Subin, Alex Harring Organizations: Anadolu, Getty, CNBC, Nasdaq, Nvidia, Palo Alto Networks, Meta, Dow Jones, RBC Wealth Management Locations: Alaska, United States, U.S, aren't

☆ Hurricane hunters have a bumpy ride flying through Milton
▼ + stars: | 2024-10-08 | by ( Samantha Lindell | ) edition.cnn.com time to read: 1 min

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☆ Taylor Swift brought luxury fashion to Monday night football in an outfit that cost over $51,000
▼ + stars: | 2024-10-08 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +4 min

On Monday, Taylor Swift attended the Chiefs game in a plaid set from Vivienne Westwood. AdvertisementTaylor Swift attended her third football game of the 2024-2025 NFL season in style. Swift attended the game wearing head-to-toe Vivienne Westwood, continuing her streak of bringing high-end fashion to football. Taylor Swift attended the Chiefs game in October. Taylor Swift wore several jewelry pieces to the game.

Persons: Taylor Swift, Vivienne Westwood, Travis Kelce's, —, Swift, Kansas City Chiefs —, Travis Kelce —, David Eulitt, Vivienne Westwood's, Grace Boots, Loewe, Travis Kelce, Grace Bas, Kelce, William Purnell, Jacquie, Kate Smooth, Effy, Jamie Squire, Aliett Buttelman Organizations: Chiefs, Service, Arrowhead, Kansas City Chiefs, New, New Orleans Saints, Kelce's, Grace, Cartier Locations: New Orleans

☆ Zillow will now show climate risk data on for-sale property listings
▼ + stars: | 2024-10-08 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

As intensifying natural disasters threaten growing swaths of the country, assessing an area’s climate risk has become an essential part of shopping for a new home for many Americans. According to a recent Zillow survey, more than 4 out of 5 prospective homebuyers consider climate risks when they shop. Home shoppers can explore climate risk data on Zillow’s site through color-coded maps or on individual listings. The feature not only shows a home’s risks today, but it also estimates a home’s climate risks 15 years and 30 years into the future, which are the typical lengths of fixed mortgages. “Climate risks are now a critical factor in home-buying decisions,” Skylar Olsen, chief economist at Zillow, said in a statement.

Persons: Zillow, ” Skylar Olsen, Hurricane Helene Organizations: CNN, First Locations: United States, Hurricane Milton, Florida, Hurricane

Below are the best Prime Big Deal Days discounts on clothing for finessing your look on a budget. Be sure to take stock of your other self-care needs with our guide to the best Prime Day beauty deals. The best Prime Day clothing dealsFrom enduring classics like Levi's denim to on-trend picks like leopard-printed skirts and trench coats, these are the best Prime Day clothing deals we've found. View at AmazonThe best Prime Day shoe and accessory dealsWe love Amazon for budget-friendly accessories that take an outfit to the next level. Check out our roundup of all of the best Prime Day deals, or browse Amazon's website for the full selection.

Persons: it's, Calvin Klein, JW Pei, we've, here's, wardrobes, Tabby, Heusen, Anne Klein, It's Organizations: Business, JW, Deal, Amazon, Sports, Nike, Adidas

☆ Your tax bracket may increase after 2025. Here's how it could affect your brokerage account
▼ + stars: | 2024-10-08 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Without action from Congress, trillions of tax breaks enacted by former President Donald Trump will expire after 2025, including lower federal income tax brackets, among other provisions. Higher rates after 2025 could impact some brokerage accounts since investors pay annual taxes on earnings, experts say. If you sell investments that you have owned for one year or less, the profits incur "short-term capital gains," or regular income taxes. Generally speaking, it's good to avoid short-term gains as much as you can. Actively managed mutual funds often trigger capital gains payouts, even when investors haven't sold shares, which can be a costly year-end surprise.

Persons: Donald Trump, Samantha Pahlow, Ferguson Wellman, Shea Abernethy, haven't, Abernethy, Tommy Lucas, Moisand Fitzgerald Tamayo Organizations: Ferguson, Ferguson Wellman Capital Management, Exchange, Investment Counselors Locations: Portland , Oregon, Winston, Salem , North Carolina, Orlando , Florida

At the top of our list: a new Coach Tabby Bag, which is now within reach thanks to Amazon's deep discounts on select colorways. There's an impressive array of other Coach bags on sale during the event, including totes, shoulder bags, and crossbody bags. The best Amazon Prime Day deals on Coach TabbysThe Tabby has enough hype as it is. Coach Tabby Shoulder Bag 20 $276.50 $395.00 Save 30% Taking over TikTok and celebrity wardrobes, the Coach Tabby is the bag of the moment. Check out our roundup of all of the best Prime Day deals, or browse Amazon's website for the full selection.

Persons: it's, whatever's, Tabbys, wardrobes, Tabby, Jelly Tabby, Women's Tabby, Cara Satchel, satchel, It's, Cassie, Heusen, Anne Klein Organizations: Business, Amazon, Sports

So we've gathered a list of Prime Big Deals Day sales on gifts like fun gadgets, teen-friendly beauty products, and quirky kitchen items. For all of our editor-favorite deals, see our article on the best Prime Day deals that span every category. These are the best Prime Day deals on gifts to help make hunting down fun finds a little easier. The best Amazon Prime Day deals on giftsWe rounded up lots of fun Prime Day deals on little treats for you or a friend. Check out our roundup of all of the best Prime Day deals or browse Amazon's website for the full selection.

Persons: Mariah Carey, we've, it's, Samantha Crozier raved, I'm, Stanley doesn't, who's, wardrobes, Tabby, popper, Pei, TJ Organizations: Business, Stanley, Amazon, TJ Maxx

☆ 29 times royals recycled their favorite outfits
▼ + stars: | 2024-10-07 | by ( Samantha Grindell | Celia Fernandez | ) www.businessinsider.com time to read: +1 min

Many royals recycle their favorite outfits instead of wearing new clothes. Kate Middleton and Meghan Markle have both been known to repeat outfits. Go to newsletter preferences Thanks for signing up! It's also become common for royals to recycle some looks they wear to public engagements. Take a look at 29 of the best outfits royals have recycled over the years.

Persons: Kate Middleton, Meghan Markle, Princess Diana, —, It's Organizations: Service

☆ What these homebuyers and owners told us an interest rate cut means to them
▼ + stars: | 2024-10-07 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

Last month, the Federal Reserve cut its benchmark interest rate by half a percentage point and signaled that more cuts are coming. He hopes interest rate cuts will increase his buying power. Mortgage rates have steadily fallen in anticipation of further interest rate cuts from the Federal Reserve. Mortgage rates have steadily fallen in anticipation of further interest rate cuts from the Fed, with the average 30-year fixed mortgage rate dropping to 6.12% in the week ended October 3, according to Freddie Mac. “Even a decent interest rate today far exceeds what we’ve been planning and budgeting on since we bought this home,” said Tony, who said his interest rate was 3.75%.

Persons: Robert Galvez, ”, Galvez, “, ” Galvez, Kamala Harris ’, homebuyers, Brandon Bell, Tony, Freddie Mac, it’s, Safiya Reid, Nico Williams, Reid, Nico Williams “ I’m, ” Reid, she’s Organizations: CNN, Federal Reserve, National Association of Realtors, Federal Housing Administration, NACA Locations: New Hampshire, Atlanta, Okinawa, Japan

☆ Stocks making the biggest moves midday: Generac, Amazon, Pfizer and more
▼ + stars: | 2024-10-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Generac Holdings — Shares of the maker of power generators surged 8% as Hurricane Milton intensified into a Category 5 storm . Amazon — The e-commerce stock lost 2.9% after Wells Fargo downgraded shares to equal weight from overweight and cut its price target, citing slowing growth and competition from Walmart. Hershey – Shares fell 2% after the chocolate maker was downgraded to neutral at UBS and to market perform at Bernstein. JPMorgan downgraded shares to underweight from neutral, citing dwindling confidence in the Israel-based company grapples with share loss concerns and volume challenge. JPMorgan downgraded shares to neutral, citing limited EPS upside from here.

Persons: Milton, Wells, Chubb, Morgan Stanley, Coty, Ashley Helgans, Arcadium, Bernstein, GLP, Ciena, —, Yun Li, Hakyung Kim, Alex Harring, Jesse Pound, Michelle Fox, Sean Conlon, Pia Singh Organizations: Generac Holdings, Walmart, Pfizer —, CNBC, Insurance, —, Allstate, Travelers, Progressive, Hurricane, Universal Insurance, Air Products, Chemicals, Garmin —, Garmin, Jefferies, Rio Tinto, Hershey –, UBS, Butterfly Equity, JPMorgan, Apple Locations: Florida, Hurricane Milton, Fort Lauderdale , Florida, Wells Fargo, California, Israel

☆ Why a disaster ‘go bag’ can mean the difference between life or death
▼ + stars: | 2024-10-07 | by ( Matt Villano | ) edition.cnn.com time to read: +7 min

Perhaps the most important thing to bring with you: a “go bag” full of emergency supplies. Go bags exist to save you from having to run around and gather items when a threatening situation is imminent. The contents of a family’s go bag could mean the difference between life or death, depending on how bad a situation becomes, according to Jonathan Sury, senior staff associate at the National Center for Disaster Preparedness, or NCDP, at Columbia Climate School. Your must-havesMost of the items disaster preparedness experts suggest you include in a go bag are things you can find around your house. Just because someone puts together a “go bag” does not mean that person is prepared, Montano warned.

Persons: Jonathan Sury, ” Sury, Sury, Samantha Montano, “, ” Montano, Eric Alberts, ”, it’s, you’ve, Rosie Monson, Alexander, Monson, ” Monson, Montano, Matt Villano Organizations: CNN, National Center for Disaster Preparedness, Columbia Climate School, Federal Emergency Management Agency, Swiss Army, Massachusetts Maritime Academy, Orlando Health, Nintendo Locations: Florida, Columbia, Sonoma County , California, Northern California

☆ Stocks making the biggest moves premarket: Apple, Amazon, Pfizer, Hershey and more
▼ + stars: | 2024-10-07 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

NXP Semiconductor — Shares added 0.8% after UBS upgraded the chipmaker to buy from neutral. Amazon — Shares slumped nearly 2% after Wells Fargo downgraded the e-commerce company to equal weight from overweight, citing slowing growth and competition from Walmart. Pfizer — Activist investor Starboard Value took a roughly $1 billion stake , seeking a turnaround at the struggling company, sources told CNBC. American Express — The financial services stock fell more than 1% after JPMorgan downgraded shares to neutral from overweight. Ally Financial — The financial services stock added 1.4% on the back of a JPMorgan upgrade to overweight from neutral.

Persons: Jefferies, Wells, Coty, Ashley Helgans, Bernstein, headwinds, Ally, Yun Li, Samantha Subin, Alex Harring, Pia Singh, Michelle Fox Organizations: —, Semiconductor, UBS, Walmart, Pfizer —, CNBC, Jefferies, Hershey, American Express, JPMorgan, Wynn Resorts, United Locations: Wells Fargo, underperform, GLP, United Arab Emirates

☆ I tried on 3 wedding gowns at Kleinfeld, the bridal shop from 'Say Yes to the Dress,' and was surprised by how much I loved the cheapest one
▼ + stars: | 2024-10-07 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +1 min

My experience made me see why Kleinfeld is so beloved in the wedding industry. Kleinfeld really is special. Crystal Cox/Business InsiderI got the bridal treatment from the moment my appointment began at Kleinfeld. I saw brides celebrating finding their dream dresses with their families, and their consultants seemed just as excited as they were. Moroschak told me she had the same experience when she started working at Kleinfeld.

Persons: Crystal Cox, Moroschak, I'm Locations: Kleinfeld

☆ Tim Tully taught himself to code at age 6 and still codes daily. Here's how computer science took him from startups to AI investing at Menlo Ventures.
▼ + stars: | 2024-10-07 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +7 min

He joined VC firm Menlo Ventures in 2021 and has invested in generative AI startups like Pinecone. Using his technical expertise as a former programmer and CTO, Tully is helping amass an impressive portfolio of AI startups at Menlo Ventures. He's also written code as a way to help win over startups in the broader Menlo Ventures portfolio. That helped seal the deal, and Ionita led Orb's $14 million Series A funding round. While Menlo has been bolstering its portfolio with AI infrastructure startups, Tully said he's excited these days about opportunities at the application layer.

Persons: Tim Tully, —, Tully's, Tully, He's, Warby Parker, Roku, Uber, Jess Lee, I've, Naomi Pilosof Ionita, Ionita, he's, legaltech –, Eve Organizations: Yahoo, Menlo Ventures, Service, Venture, Apple, Menlo, Bay Area, Data Systems, Oracle, AOL, Huffington, Sequoia Locations: Bay, Splunk, –

Tax-loss harvesting is a common year-end method used by investors and money managers to minimize taxes. The practice involves selling off losing positions to offset taxes on realized capital gains incurred on winning investments. To find the names worth selling, CNBC Pro used its stock-screening tool to hunt for names with a market cap exceeding $1 billion. The cloud platform company's stock has lost roughly 57% this year, with the average price target implying that shares could fall about 18%. Back in August, he slashed his price target to $5.50 from $8.50, noting that Fastly took "a meat cleaver to CY24 outlook."

Persons: Davidson, Rudy Kessinger, Fastly, cleaver, Carter's, Kennedy, Wilson, Platt Organizations: CNBC Pro, Arbor Realty Trust, Leggett Locations: Fastly

☆ Hong Kong plans to install thousands of surveillance cameras. Critics say it’s more proof the city is moving closer to China
▼ + stars: | 2024-10-05 | by ( Jessie Yeung | ) edition.cnn.com time to read: +11 min

Hong Kong CNN —Glance up while strolling through parts of downtown Hong Kong and, chances are, you’ll notice the glassy black lens of a surveillance camera trained on the city’s crowded streets. Hong Kong police had previously set a target of installing 2,000 new surveillance cameras this year, and potentially more than that each subsequent year. Facial recognition gates at the departure hall of Hong Kong International Airport. Tang and the Hong Kong police have repeatedly pointed to other jurisdictions, including Western democracies, that also make wide use of surveillance cameras for law enforcement. Protesters on the streets covered their faces with masks and goggles to prevent identification, at times smashing or covering security cameras.

Persons: Chris Tang, Budrul Chukrut, Tang, haven’t, Kong’s, ”, Samantha Hoffman, Hoffman, Joshua Wong –, –, “, Miguel Candela, Qilai Shen, ” Hoffman, Sing, Sing Tao, Steve Tsang, it’s, doesn’t, Normann Witzleb, Chan Long Hei, Witzleb, they’re, ” Witzleb Organizations: Hong Kong CNN —, Hong Kong, Hong Kong International Airport, Budrul, CNN, Hong Kong Police Force, National Bureau of Asian Research, New, London, Protesters, New Town, QR, New York Times, Bloomberg, Getty, SOAS China Institute, University of London, Chinese University of Hong Locations: Hong Kong, China, Hong, Singapore, United Kingdom, Tao, United States, Hong Kong Hong Kong, New York City, Beijing, Xinjiang, Bund, Shanghai, Sing Tao, Chinese University of Hong Kong, Victoria Harbour

☆ Hair and makeup artist accuses Garth Brooks of sexual assault and battery in lawsuit
▼ + stars: | 2024-10-04 | by ( Samantha Kubota | ) www.nbcnews.com time to read: +4 min

A new lawsuit filed in California state court alleges country star Garth Brooks sexually assaulted and battered a hair and makeup artist working for him. In the 27-page lawsuit, Roe makes several allegations against the country singer. The lawsuit notes Roe first worked for Brooks’ wife, Trisha Yearwood, starting in 1999 and only started working for Brooks in 2017. Roe’s lawsuit is seeking damages and a jury trial. “We applaud our client’s courage in moving forward with her complaint against Garth Brooks,” Roe’s legal team wrote in a statement.

Persons: Garth Brooks, Jane Roe, ”, Roe, Brooks, he’d, Brooks ’, Trisha Yearwood, — Douglas, Wigdor, Jeanne M, Christensen, Hayley Baker —, ” Roe, John Doe ”, Doe, ” Brooks, “ Organizations: ”, Hollywood Locations: California, Los Angeles, Mississippi, Tennessee, America

Business Insider asked 27 venture-capital investors to nominate the most promising fintechs. VCs highlighted startups that haven't raised beyond a Series C.Here are the 49 most promising fintechs. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Business Insider asked 27 top investors — including Index Ventures, QED Investors, and Bain Capital Ventures — to name some of those diamonds in the rough. Check out the 49 startups identified as most promising by 27 top investors.

Persons: —, fintechs Organizations: Service, Business, Index Ventures, Bain Capital Ventures

☆ Sesame Workshop's top marketer is leaving during a critical period of transition
▼ + stars: | 2024-10-04 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Sesame Workshop's chief marketer, Samantha Maltin, is leaving the company. Maltin's exit follows Sesame Workshop's CEO change and upcoming "Sesame Street" revamp. Sesame Workshop is in the midst of negotiations with distributors for the show. With beloved IP that appeals to multiple generations, "Sesame Street" could be attractive to other streamers eager for tried-and-true content. AdvertisementShe also helped create a "Sesame Street" brand image celebrating its 50th anniversary.

Persons: Sesame, Samantha Maltin, Max, —, Maltin, Jude, Maltin didn't, HBO Max Organizations: Service, Business, Sesame, Warner Bros, HBO, Netflix, PBS, YouTube, Networks, Nickelodeon, Viacom Locations: Memphis , Tennessee, Sherrie, Schireson

☆ A woman’s house collapsed into floodwaters. Meet the man who saved her life
▼ + stars: | 2024-10-03 | by ( Samantha Lindell | ) edition.cnn.com time to read: 1 min

☆ CNBC Daily Open: Headwinds from Middle East, tailwinds from China
▼ + stars: | 2024-10-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Qilai Shen | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Headwinds blowing from Middle East might have been tempered by optimism in China. Lifted by Beijing's recent announcement of economic stimulus, Chinese stocks have been on a tear. That's caused U.S. exchange-traded funds that track Chinese stocks to rally, helping to keep the U.S. market afloat amid worries over the escalating Middle East conflict.

Persons: Qilai Shen, –, That's, Ryan Grabinski, CNBC's Hakyung Kim, Yun Li, Alex Harring, Samantha Subin Organizations: Chanel SA, Bloomberg, Getty, CNBC, European Union, Dow Jones, Nasdaq, Strategas Securities Locations: Nanjing, Shanghai, China, U.S, Taiwan, India

☆ A recession is imminent and favored tech stocks set to crater like the 'Nifty Fifty' did, BCA Research says
▼ + stars: | 2024-10-03 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The rise and fall of the "Nifty Fifty" stocks in the 1970s is a cautionary tale for investors in the Magnificent Seven craze, according to BCA Research. The "Nifty Fifty" refers to a loose group of stocks including Coca-Cola , IBM , Xerox and Pfizer , that rose to prominence in the 1970 to 1973 bull market. The comments from BCA come as the Magnificent Seven stocks continue powering the market to new heights despite a modest pullback this summer. The surge stems from ongoing bets around growth stocks and the artificial intelligence theme, especially as the Federal Reserve begins cutting rates. NVDA YTD mountain Nvidia in 2024 There are plenty of differences between the Nifty Fifty and the Magnificent Seven, Peta said, including megacap tech names' longer track record of outperforming the market.

Persons: Doug Peta, BCA's, Peta Organizations: BCA Research, IBM, Xerox, Pfizer, BCA, Federal Reserve, Nvidia

☆ CNBC Daily Open: Buffeted by Middle East, propelled by China
▼ + stars: | 2024-10-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Persons: Qilai Shen, –, That's, Ryan Grabinski, CNBC's Hakyung Kim, Yun Li, Alex Harring, Samantha Subin Organizations: Bloomberg, Getty, CNBC, European Union, Dow Jones, Nasdaq, Strategas Securities Locations: Nanjing, Shanghai, China, U.S, Taiwan, India

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