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☆ 'The reversion will eventually come': A chief strategist says Goldman Sachs and JPMorgan are right to warn of weak returns for the S&P 500 over the next decade
▼ + stars: | 2024-11-02 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Goldman Sachs and JPMorgan predict relatively muted S&P 500 returns over the next decade. AdvertisementMuch has been said about the gloomy outlook for the S&P 500 that some of Wall Street's largest investment banks conveyed in recent weeks. Goldman Sachs said in October that the S&P 500 would return 3% annually, on average, over the next 10 years, underperforming current 10-year Treasury yields. Goldman Sachs"There is little argument that U.S. stock market valuations are elevated compared to historical averages. Investors appeared to do that, with the S&P 500 rising 0.4% on Friday to 5,728, 2.3% below all-time highs.

Persons: Goldman Sachs, Lance Roberts, Roberts, —, It's, Goldman, Sam Kuhn Organizations: JPMorgan, RIA, Service, Bank of America, RIA Advisors, Bureau of Labor Statistics Locations: Wall

☆ Cheesemakers left reeling after a 'bizarre' heist of cheddar worth almost $400,000
▼ + stars: | 2024-11-02 | by ( Maria Noyen | ) www.businessinsider.com time to read: +6 min

Almost 50,000 pounds of artisanal cheese were stolen in a sophisticated heist in the UK. AdvertisementOne of the most sophisticated cheese heists in history has left British cheesemakers reeling and facing an uncertain future. Neal's Yard unwittingly delivered the cheese, estimated to be worth about £300,000 ($390,000), to the fraudsters before realizing they were not legitimate buyers. "One of the things that made it so appealing was thinking that we'd see British cheese in a French supermarket." Calver said Neals Yard Dairy's ability to survive the financial loss is critical for the sector.

Persons: —, fraudsters, Matt Austin, Ben, we'd, Trethowan, Tom Calver, they've, we've, Ticehurst, Brothers Todd, Maugan, David Lockwood, Calver, Todd Trethowan, Nicholas Saunders, Randolph Hodgson Organizations: Service, BBC News, Metropolitan Police, Business, Westcombe, Neal's Locations: French, British, London, Netherlands, Gouda, Trethowan, cheddar, Covent Garden

As the Fed lowers rates, mortgage rates are expected to go down, though next week's cut is already priced in and is unlikely to have an impact. See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Mortgage Refinance Rates? See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are hovering around 6.50%, according to Zillow data. But now that inflation has decelerated and the Fed has started cutting rates, mortgage rates have trended down.

Persons: they've, Freddie Mac, it's, Fannie Mae Organizations: of Labor Statistics, Boeing, Federal Reserve, Zillow, Fed, Mortgage, Association, ARM, . Government Locations: U.S, Chevron, Government

☆ Worries about the election could be cutting into some workers' productivity
▼ + stars: | 2024-11-02 | by ( Tim Paradis | ) www.businessinsider.com time to read: +7 min

Anxiety over the US election could be hurting some workers' productivity. One boss is considering letting his employees work remotely in the weeks after the election. She said some workers will be busy hitting refresh on news and social sites, looking for insight into how the election might swing. Yet that doesn't mean being overly indulgent or letting workers focus too long on issues that aren't germane to the business. Despite the widespread election worries, not every indicator signals that the vexing political climate is throwing off most workers.

Persons: —, AJ Gareffa, they've, Gareffa, Macey, Felix Kim, he's, Kim, Gabriella Kellerman, Kellerman, Dorie Clark, That's, Clark, Christine Porath, Chapel Hill's, Porath, Discourtesy, it's, Gartner, hadn't, doesn't, It's Organizations: Service, Business, American Psychological Association, APA, Columbia Business School, University of North, Chapel, Flagler Business School, Human Resource Management Locations: Livonia , Michigan, Detroit, ResumeBuilder.com, New York City, University of North Carolina, Michigan

☆ Barbecue, bingo, and bipartisan partying: How America is preparing for election night
▼ + stars: | 2024-11-02 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +8 min

On a highly charged election night, some Americans are ready to go out and party. AdvertisementMany Arizonans are still undecided — on which strain of weed they want to smoke on election night, that is. She anticipates it will be open until at least midnight on election night, two hours past its usual closing time. AdvertisementDrag queens Aggy Dune (left) and Darienne Lake (right) will perform on election night. Courtesy of Andrew LehnSome workers are opting out of election night completely.

Persons: —, they've, OG, Kamala Kush, Jill, Luke Flood, Donald OG, Flood, it's, Donald, partygoers, we're, Marjorie Taylor Greene, Leah Kolb, Kolb, " Kolb, Ken Lowe Jr, Lowe, Darienne, Kristina Dinino, Jeffords, it'll, Kamala, MAGA, rita, John Gram, Prepping, Gopuff, Abe Malkin, Andrew Lehn, HoTail, Kitty Rayborn, I'm Organizations: Service, Democratic, Hill, CNN, Fox, Cinema, Divas, Democracy Locations: Curaleaf, Arizona , Florida , New York, Illinois, Arizona, Tacoma , Washington, Lansing , Michigan, Washington, DC, Philadelphia, Rochester , New York, Pennsylvania, Texas

☆ Delphi murders: Suspect's confessions, denials in spotlight during trial's second week
▼ + stars: | 2024-11-01 | by ( Tim Stelloh | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +6 min

Allen’s contradictory statements were in the spotlight during the second week of his trial in a Carroll County courtroom. In the interview, Allen — then a CVS clerk — provided an account of what he’d done that Feb. 13. Once at Westville Correctional Facility, Allen told prison officials and officers — including the warden — that he killed the girls, prosecutors have said. A week later, Wala said, Allen told her he wanted to sign a confession, prompting the psychologist to tell him to speak with his attorneys. A day later, on May 10, Allen called his wife with the psychologist present and told her that he’d killed the girls, Wala testified.

Persons: Richard Allen, Abigail Williams, Allen, they've, he'd, Allen —, —, Abby, Libby, didn’t, I’ve, ” “, ”, He’d, “, it’s, ” Allen, Monica Wala, Michael Conroy, Wala, he’d, Stacy Diener, WTHR Organizations: Liberty, Prosecutors, NBC Chicago, Westville Correctional, NBC Locations: Indiana, Delphi, Carroll, Monon, Westville, Ind, Indianapolis

"He can do anything he wants," Trump said. The CDC has routinely said that the worst side effects from Covid vaccines are not worse than the potential effects of the Covid virus. And, Covid vaccines do not increase the risk of death, while the Covid virus does. In August, he suspended his own independent presidential campaign and endorsed Trump. “The only thing President Trump and his campaign team are focused on is winning on November 5th," Trump campaign senior adviser Jason Miller said in a statement Friday.

Persons: Donald Trump, Robert F, Kennedy Jr, —, Tucker Carlson, Kennedy, Trump, “, Carlson, Joe Rogan, Vance, he'd, I’ve, I’m, he's, Tulsi Gabbard, Howard Lutnick, Lutnick, Bobby Kennedy Jr, Karoline Leavitt, Jason Miller, Bobby Kennedy, ” Organizations: Fox News, Trump, Covid, Centers for Disease Control, CDC, NBC News, Food, Democratic, Department of Health, Human Services, Department of Agriculture, CNN, National Institutes of Health, NBC, RFK Locations: Arizona

Krasner said that his "patriotic" team was prepared to handle any issues on Election Day and called any attempts to undermine or influence the vote in Philadelphia "utterly unacceptable." "As they say in Philly, if somebody wants to come and do that, they can F around and find out," he added. A man demonstrates in favor of letting all ballots be counted on Nov. 6, 2020, in front of the Convention Center in Philadelphia. During a 2020 presidential debate, Trump warned that "bad things happen in Philadelphia." “Thing two, of course, is that the most diverse and most Democratic — capital 'D,' Democratic — city in Pennsylvania is Philadelphia.

Persons: Donald Trump's, Larry Krasner, we’ve, ” Krasner, Krasner, Jennifer Huxta, Donald Trump, George H.W, Trump, Rudy Giuliani, —, Joe Biden, Biden, Mike Roman, “, I'm, they've, I've, holler, everybody's, he's, Elon Musk, Stewart Rhodes, Enrique Tarrio, Jan, Antonio Lamotta Organizations: WASHINGTON, NBC News, Convention Center, Bloomberg, Getty, Democrat, Republican, Pennsylvania, Philadelphia, New, New York City, Trump, Democratic, FBI, Philadelphia Convention, Proud Boys, Capitol Locations: Pennsylvania, Philadelphia, America’s, Philly, New York, Erie , Pennsylvania, Detroit, Atlanta, Pittsburgh, Democratic —, U.S

☆ 8,000 of the troops Kim Jong Un sent to support Russia are about to hit the front lines, the US says
▼ + stars: | 2024-11-01 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

As many as 8,000 North Korean troops are being deployed to Kursk, US officials said on Thursday. "If these North Korean troops engage in combat or combat support operations against Ukraine they would make themselves legitimate military targets." "One of the reasons that Russia is turning to these North Korean troops is that it's desperate," Blinken said. Now he's turning to North Korean troops. AdvertisementSouth Korean President Yoon Suk-yeol's administration has considered sending teams to observe North Korean troops in Ukraine, which it says will not require parliamentary consent.

Persons: they're, Antony Blinken, —, Blinken, Lloyd Austin, Austin, Volodymyr Zelenskyy, Vladimir Putin's, Putin, they've, Yoon Suk Organizations: US, Service, Kyiv, Ukrainian, South, State Department, North Korea, North, Ukraine, Pentagon, Austin, Research, South Korean Legislative, Russia's Ministry of Defense, Business Locations: Kursk, Russia, Ukraine, Washington, Pyongyang, Moscow, North Korea, South Korea, Poland, Seoul

☆ Dozens of Goldman Sachs executives are about to get the call of a lifetime
▼ + stars: | 2024-11-01 | by ( Reed Alexander | ) www.businessinsider.com time to read: +9 min

Goldman Sachs is gearing up to name a new class of partners. AdvertisementAs soon as next week, several dozen Goldman Sachs employees will receive the honor of a lifetime: being named a partner at the prestigious Wall Street bank. "Making partner at Goldman Sachs is a rigorous and competitive process," Tony Fratto, Goldman's head of communications, said in a statement. They can also help direct the bank's philanthropic spending through Goldman Sachs Gives, which the company says has granted $2.5 billion to more than 10,000 nonprofits. Are you a Goldman Sachs insider?

Persons: Goldman Sachs, —, Goldman, David Solomon, Paul Argenti, Morgan Stanley, Tony Fratto, you've, I've, gravitas Goldman, Argenti, they've, Solomon, dealmaking, Goldman's, Russell Horwitz, Reed Alexander Organizations: Service, CNBC, Dartmouth College, Citigroup, Bank of America, Partners, Goldman, Financial, Reading, Investment, BI Locations: New York, London

☆ Losing GPS could cost billions, so the Space Force is having companies like Astranis build a backup network
▼ + stars: | 2024-11-01 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

Pentagon leaders believe those losses are a conservative estimate, leading the U.S. Space Force to kick off a roughly $2 billion satellite program known as the Resilient Global Positioning System. Called R-GPS for short, the program is intended to provide an alternative, backup network for the current satellite system. Last month, the branch awarded four companies with contracts for R-GPS design concepts: Astranis, Axient, L3 Harris and Sierra Space. The R-GPS planSpace Force used a novel Pentagon funding authority, called "Quick Start," to get the R-GPS program going. A rendering of a Nexus satellite in orbit.

Persons: Justin Deifel, Deifel, Harris, We've, John Gedmark, Astranis, Gedmark, they've, … We've Organizations: U.S . Air Force, GPS, Commerce Department, Pentagon, U.S . Space Force, Force's, Systems Command, CNBC, Space Force, Sierra Space, U.S, Department of Defense, Force, of Defense Locations: U.S, Russia, China, Sierra

☆ Dozens of Goldman Sachs executives are about the get the call of a lifetime
▼ + stars: | 2024-11-01 | by ( Reed Alexander | ) www.businessinsider.com time to read: +8 min

Goldman Sachs is gearing up to name a new class of partners. AdvertisementAs soon as next week, several dozen Goldman Sachs employees will receive the honor of a lifetime: Being named a partner of the prestigious Wall Street bank. Advertisement"Making partner at Goldman Sachs is a rigorous and competitive process," Goldman spokesperson Tony Fratto said in a statement. They can also help direct the bank's philanthropic spending through Goldman Sachs Gives, which the company says has granted $2.5 billion to more than 10,000 nonprofits. Are you a Goldman Sachs insider?

Persons: Goldman Sachs, —, Goldman, David Solomon, Paul Argenti, Morgan Stanley, Tony Fratto, you've, I've, gravitas Goldman, Argenti, they've, Solomon, dealmaking, Goldman's, Russell Horwitz, Reed Alexander Organizations: Service, Dartmouth College, Citigroup, Bank of America, Goldman, Financial, Partners, Reading, BI Locations: New York, London

☆ Luxury European automakers are getting crushed in China
▼ + stars: | 2024-11-01 | by ( Tom Carter | ) www.businessinsider.com time to read: +7 min

AdvertisementThe days of European carmakers dominating China's luxury vehicle market are over. A study by AlixPartners found that Chinese automakers released 40 over-the-air software updates between March 2023 and February this year, compared with just two from legacy automakers. AdvertisementHard to quitDespite a challenging environment, Western premium automakers can ill afford to give up on China. As well as increased competition, European automakers face a geopolitical headache. AdvertisementTim Urquhart, principal automotive analyst at S&P Global Mobility, told BI the European Union's tariffs on Chinese automakers meant Beijing could impose levies on European car imports in retaliation.

Persons: —, Aston Martin, James Bond, Chris Brownridge, BYD, Lutz Meschke, Max, Xiaomi, Steve Dyer, Dyer, AlixPartners, Mercedes, GAO, China's, Tim Urquhart, Urquhart Organizations: BMW, Mercedes, Benz, Porsche, Service, upstarts, Volkswagen, Royce, British, Bloomberg, Reuters, Getty, P Global Mobility Locations: China, British, London, Korea, Western Europe, Beijing

☆ These stocks reporting next week have momentum heading into earnings and are well liked
▼ + stars: | 2024-11-01 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

A handful of stocks have momentum behind them heading into their quarterly results next week. With roughly 64% of S & P 500 companies reporting results thus far, they've collectively posted earnings growth of more than 9%. Analysts have increased their earnings forecasts for DuPont by more than 23% over the past six months and 29% over the past six months. Of all the stocks, analysts are most optimistic on Constellation Energy . Earnings forecasts over the past three months have surged 215%, faster than the 163% increase seen in the trailing six months.

Persons: they've, Wolfe, Chris Parkinson, Parkinson, JPMorgan Chase, Jeremy Tonet, Tonet Organizations: Analysts, DuPont, Constellation Energy, CNBC Pro, Wolfe Research, PFAS, JPMorgan, Howmet Aerospace, Emerson Electric

☆ After six years of tariffs, small-business owners aren't eager for more
▼ + stars: | 2024-11-01 | by ( Alexandra Byrne | ) www.cnbc.com time to read: +9 min

The fee turned up in September 2019, after Trump placed 25% tariffs on steel, and hasn't gone away since. Small-business owners have already been facing tariffs on billions of dollars of goods, most of them from China, implemented by Trump in 2018. So far, the tariffs in force under both White Houses have cost Americans $79 billion, the nonpartisan Tax Foundation estimated this summer. The nation's roughly 33 million small businesses employ nearly half the nation's workers and generate more than 43% of the gross domestic product, the U.S. Chamber of Commerce estimates. "Whether we like it or not, Asia is the bike manufacturing hub of the world," said Zagata, who raised prices by between 18% and 22% after the Trump tariffs took hold.

Persons: Donald Trump, Chris Smith, Trump, hasn't, Smith, Biden, —, who've, Erica York, they're, Jonathan Gold, Gold, they've, Ryan Zagata, Zagata, he'd, Felix Tintelnot, Trump's, Brian Hughes, Nichole MacDonald, MacDonald, Kamala Harris, it's, Sara Hauman, isn't, doesn't Organizations: Albuquerque, Virginia Beer Co, Constellation Brands, Corona, Trump, Foundation, Tax, National Retail Federation, U.S . Chamber, Commerce, Brooklyn Bicycle Co, GOP, Duke University Locations: Albuquerque , New Mexico, Williamsburg , Virginia, U.S, China, Modelo, Mexico, New York City, Asia, York, Germany, Diego, India, America, Portland , Oregon, West Coast

The cheese, worth over $390,000, was taken from London cheese specialist Neal’s Yard Dairy on Oct. 21, the company said in an Instagram post. Three cheeses from three different suppliers were stolen: Hafod Welsh organic cheddar, Westcombe cheddar, and Pitchfork cheddar. Neal's Yard Dairy said that "despite the significant financial blow," they've paid each of their artisan cheesemakers in full for their products. Oliver said that as the world’s most consumed cheese type, a cheddar theft affects exports to 20 different countries. The whereabouts of the stolen cheese have yet to be determined.

Persons: they'd, they've, Tom Calver, Westcombe, Trethowan, Trethowan Brothers, Jamie Oliver, Oliver Organizations: Metropolitan Police, Neal’s, Pitchfork, Neal's, Police Locations: London, cheddar, gouda

☆ Ukrainian troops fighting on Russian soil have an advantage they've never had in this war
▼ + stars: | 2024-10-31 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +7 min

Ukrainian troops in Russia have an advantage that they haven't had before in this war. Being on foreign soil means less pressure to defend and more strategic options, war experts say. AdvertisementUkrainian troops fighting on Russian soil have a kind of flexibility in combat that they haven't had before in this war. Ukrainian forces surged into the southwestern Russian region of Kursk in August, and at the peak of the incursion, they held about 500 square miles. AdvertisementAlberque said that in Kursk, Ukraine could ask itself: "Where can we actually defend?

Persons: it's, —, Ukraine's, Michael Bohnert, KIRILL CHUBOTIN, Libkos, Bohnert, William Alberque, Matthew Savill, Alberque, Ed Ram, they're, haven't, Alexander Ermochenko Organizations: Service, RAND Corporation, Publishing, Getty, Stimson, Royal United Services Institute, UK Ministry of Defence, Washington, REUTERS Locations: Russia, Ukraine, Ukrainian, Russian, Kursk, Sudzha, Bakhmut, Crimea, Donbas, Avdiivka, Alexander Ermochenko Ukraine

I do think that seeing a woman on the ballot will, hopefully, encourage more women to vote, even if they don't vote for Harris. At the time, I thought it was going to be a landslide, like 'We're about to have our first woman president.' I don't think everybody in the U.S. will ever be ready for a woman president, but I don't think everybody in the U.S. was ready for a Black president either. Even if Kamala wins, I don't think everybody in the U.S. is ready for a woman president, just like they weren't ready for a Black president. I think Harris is just bringing a lot of new people into the process who haven't necessarily felt included before.

Persons: Kamala Harris, Hillary Clinton, Harris, Donald Trump, Here's, Sallie Krawcheck, Lauren Simmons, Bushra, Emma Bogdan, Hillary, haven't, It's, that's, Annie Lazan, Clinton, I'm, she's, Bushra Amiwala, they're, We're, Van Dyke, Sess Lee, Nikki Haley, Signe Espinoza, Brianna Doe, Sami Sage, they've, We've, Kamala, She's, Ariel Washington, Nadia Rahman, San Francisco I, Jill Homan, Schwager, Meghan O'Connor, Kansas City , Missouri I've, there's, Trump, That's, Jennifer Ashton, I've, Roe, Wade, what's Organizations: Democratic, Trump, The New York Times, Siena, CNBC, Republicans, Independents, Clinton, Marist College, Skokie School, of Education, Republican, Democrat, Betches Media, U.S, Biden, ABC News Locations: Poughkeepsie , New York, U.S, Franklin Lakes , New Jersey, Skokie, Chicago , Illinois, Israel, Palestine, Overland Park , Kansas, Los Angeles, Conshohocken , Pennsylvania, Phoenix One, New York City, Arlington , Texas, Lincoln , Nebraska, San Francisco, Gaza, American, Pakistani American, St, Louis , Missouri, America, Kansas City , Missouri, Archer Lodge, North Carolina, Trump

☆ Microsoft's new AI CEO rolled out his first big product update. Some staff and users say the previous version was better.
▼ + stars: | 2024-10-31 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +6 min

It was is the first major release from Microsoft's new consumer AI org, under Mustafa Suleyman. It was the first major product release from Mustafa Suleyman's new Microsoft AI group, and it's had a mixed reception so far. AdvertisementHigh expectationsMicrosoft hired Suleyman in March to oversee consumer AI products such as the Bing search engine and the Copilot AI chatbot . For instance, Suleyman's consumer Copilot app is separate from an AI Copilot tool that Microsoft offers as part of its M365 suite of business software. User feedbackIn the public App Store reviews, users complained about several specific issues that have arisen since the consumer AI Copilot app was updated Oct. 1.

Persons: Mustafa Suleyman, —, Mustafa Suleyman's, it's, Suleyman, Susanne Franz, Divya Kumar, Kumar Organizations: Microsoft, Service, Business, Copilot

☆ 41-year-old's living room side hustle brings in $121,400 a year: It's 'the right balance between hustle and happiness'
▼ + stars: | 2024-10-31 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

And it inspired the part-time endoscopy nurse's lucrative side hustle, which she launched from her living room in Manahawkin, New Jersey. Walsh, a lifelong crafter, opened her Etsy shop MegansMenagerie in 2009. If her Etsy income falters, she can pick up more nursing hours, she adds. Here, Walsh discusses juggling her side hustle with her nursing job, avoiding burnout and why she's happy with a side hustle isn't guaranteed to make money forever. It's not easy, and you need to find the right balance between hustle and happiness.

Persons: they've, Megan Walsh, Walsh, it's, she's, I've, tasker Organizations: CNBC, Dodge Locations: Manahawkin , New Jersey

☆ Marc Andreessen says US carmakers need to make a $20,000 EV if they don't want to 'lose the auto industry' to China
▼ + stars: | 2024-10-31 | by ( Jaures Yip | ) www.businessinsider.com time to read: +6 min

Investors Marc Andreessen and Ben Horowitz said Chinese EVs are beating out American and European automakers. Andreessen Horowitz founders Marc Andreessen and Ben Horowitz said on their podcast that Chinese automakers have developed high-quality and affordable vehicles supported by a robust supply chain ecosystem. With the American auto industry struggling with slowing growth in its EV market, American automakers need to be able to offer a compelling $20,000 EV that also competes on quality if the US doesn't want to "lose the auto industry," Andreessen said. Andreessen said that Chinese car brands are outperforming American EV automakers in affordability and quality, calling them "super technologically sophisticated." AdvertisementTo keep up, American automakers need to be able to offer a similarly affordable and full-featured car at the $20,000 price point, Andreessen said.

Persons: Marc Andreessen, Ben Horowitz, Andreessen Horowitz, Xiaomi's, —, It's, Andreessen, they've, Horowitz, Jim Farley, " Horowitz, Elon Musk, Tesla, Musk, Xiaomi Organizations: Service, Centre, Strategic & International Studies, Ford, Porsche, Porsche Cayenne, American EV, Elon, Nissan Locations: China, Mexico, Dubai, American

☆ Betting on the election is the hottest new trend. But can prediction markets keep the momentum going?
▼ + stars: | 2024-10-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The big storyPresidential betsChris duMond; Chip Somodevilla/Getty Images; Jenny Chang-Rodriguez/BIWe're less than a week from election day, but one group can already claim victory: betting markets. Kalshi's legal victory in October over the CFTC to offer election betting paved the way for the trend. iStock; Rebecca Zisser/BIThe betting market's biggest tests might come after the election. Betting markets have Trump as a heavy favorite, whereas traditional polls indicate a tight race. AdvertisementShould Trump win in a landslide, it could strengthen the case for using betting markets as a key tool for election analysis.

Persons: —, Chris duMond, Chip Somodevilla, Jenny Chang, Rodriguez, Matthew Fox, Donald Trump, Polymarket, iStock, Rebecca Zisser, Nate Silver, Tesla, Zuckerberg, Citadel's, Justin Lubell, Lubell, Steve Schwarzman, Ken Griffin, Trump, Tyler Le, Harris, Sundar Pichai, Elon Musk, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, Apple, CFTC, Trump, TikTok, Meta Connect, Meta, Bank of America, Blackstone, Republican, Amazon, AWS, Five Apple Intelligence, Google, The Washington Post, Street, Microsoft, Starbucks Locations: French, New York, London

☆ Ether is set to gain ground on bitcoin with charts indicating 20% upside from here
▼ + stars: | 2024-10-30 | by ( ) www.cnbc.com time to read: +3 min

With bitcoin approaching a major breakout attempt and new all-time highs, it continues to attract all of the attention and rightly so. While it may seem like ether has been out of favor for a considerable length of time, it's not anything different than we've seen before over the years. Overall, there have been five relative phases – with the other two being the times when ETH outperformed BTC. But we've seen it before. Every time is different, but we've now seen bitcoin and ETH leverage technical patterns for nearly a decade now.

Persons: we've, they've, Frank Cappelleri Organizations: ETH, BTC, CNBC, NBC UNIVERSAL Locations: ETH

☆ Inflation is cooling, yet many Americans are still living paycheck to paycheck
▼ + stars: | 2024-10-30 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

Blueflames | Getty ImagesNecessities are 'swallowing up' incomeThe share of households living paycheck to paycheck has grown since 2019, according to the firm. Around 35% of households earning less than $50,000 per year are living paycheck to paycheck, up from 32% in 2019. Higher-income households also report struggling, with around 20% of households with more than $150,000 living paycheck to paycheck, the research found. Inflation is a top issue with voters as the November election approaches, according to an October CNBC All-America Economic Survey. People who rent are among those feeling the biggest impact of inflation, Traphagen said.

Persons: It's, David Tinsley, Tinsley, Jamie Grill, Peter Traphagen, Traphagen, Nick Roth, Roth Organizations: CNBC, America Economic Survey, Bank of America Institute, Labor Department, Wealth, Foster & Motley Locations: U.S, Oradell , New Jersey, Cincinnati

See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Refinance Rates? See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's interest rates will affect your monthly payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are around 6.50%, according to Zillow data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. Now that the Fed has cut rates, mortgage rates may not drop much in October.

Persons: you'll, Freddie Mac, it's, they've Organizations: Treasury, Federal Reserve, Trump, Zillow, Fed Locations: Chevron

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