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New York CNN —The American economy appears to be just hours away from a major milestone: The first interest rate cut from the Federal Reserve since Covid. Yet there remains an unusual amount of drama over the magnitude of that rate cut, with some in Washington calling for a supersized move. Massachusetts Democratic Sen. Elizabeth Warren wants the Fed to slash interest rates at a pace rarely seen outside of a full-blown crisis. “It is clearly the time for the Fed to cut rates. For instance, in early 2008 the Fed slashed interest rates by three-quarters of a point or more on three occasions.
Persons: Massachusetts Democratic Sen, Elizabeth Warren, Jerome Powell, Warren, , ” Warren, Sheldon Whitehouse, John Hickenlooper, Powell, Bill Dudley, “ dawdling, Dudley, ” Dudley, panicking, David Kelly, ” Kelly, Organizations: New, New York CNN, Federal Reserve, Massachusetts Democratic, Sens, Wall, Fed, Federal Reserve Bank of New, CNN, Democrats, Asset Management Locations: New York, Washington, Massachusetts, Federal Reserve Bank of New York
Read previewSorry, Amazon employees. CEO Andy Jassy announced on Monday that starting next year, Amazon employees must be in the office five days a week. Amazon's announcement comes after 15 months of hybrid work — employees had to be in three times a week. Some employers like Amazon are looking to take back powerIn the pandemic era, the labor market favored office workers. Oftentimes, introverted employees work better outside the office, and some people find that the pressure of in-person work can stifle productivity and deep thinking, Duffy said.
Persons: , Andy Jassy, Goldman Sachs, Caitlin Duffy, Duffy, Julia Hobsbawm, Hobsbawm, Amazon's Jassy, Jassy, Nicholas Bloom, who's, Bloom, what's, Deborah McGee, McGee, Gen Z, they're Organizations: Service, Business, Slack, Employees, JPMorgan, Gartner, Stanford, Research, Data Technologies, PZI Locations: America
X owner Elon Musk, who has endorsed Trump, replied, "And no one is even trying to assassinate Biden/Kamala." Related stories"I don't think this is much more than just confirmation that X is not a place for brands. This year, advertisers slashed their X marketing budgets ahead of major events like the Super Bowl. Musk is still the richest person in the world, with a net worth of about $250 billion, per Bloomberg. AdvertisementSo X may suffer, but Musk will probably come out alright.
Persons: , Donald Trump, Elon Musk, Trump, Biden, Kamala, Tucker Carlson, Brian Morrissey, Digiday, Brendan Gahan, Musk, Musk's, Gahan, bode, Morrissey, he's, haven't, outrageousness, Eric Dezenhall Organizations: Service, Business, LinkedIn, Authority, Disney, Apple, Walmart, Cannes, Street Journal, Twitter, Bloomberg, Dezenhall Resources Locations: South Africa
But at Fox News, they gossip about the Murdochs, the family who controls Fox’s parent company. What will happen after patriarch Rupert Murdoch dies? Could Lachlan’s younger brother James Murdoch force Fox to take a progressive bent? Rupert Murdoch, 93, is seeking to amend the family trust that he established decades ago, giving his four oldest children equal votes over the future of his conservative media empire after he dies. Under the current terms, Lachlan, James, Elisabeth and Prudence Murdoch each have equal voting rights after their father dies.
Persons: Rupert Murdoch, Lachlan, James Murdoch, Fox, Murdoch, James Murdoch’s, , James, Fox’s, Biden, Kamala Harris, James ”, Donald Trump, Rupert, Elisabeth, Prudence Murdoch, Maureen Dowd, Rupert “, ” James, Prudence, Bill Barr Organizations: New, New York CNN, Fox News, Fox, Fox Corp, HBO, CNN, The New York Times, News Corp, Wall Street Journal, New York, Liberal, Trump Locations: New York, Nevada, Reno , Nevada, Reno
Amazon Basics Memory Foam Mattress (10-inch, Queen) While it has its shortcomings, the Amazon Basics Memory Foam Mattress is a good budget option for side sleepers and couples. AdvertisementConstructionYour body sinks into the foam of the Amazon Basics Memory Foam Mattress. AdvertisementComfortWhile Joyner and I tested the Amazon Basics Memory Foam Mattress in different thicknesses, we both tested the queen size and plush feel. AdvertisementThe bottom lineWhile the 10-inch Amazon Basics Memory Foam Mattress was comfortable, the 8-inch version (shown here) will likely be uncomfortable for most adults. The Amazon Basics Memory Foam Mattress is only $300, so it's no surprise it has deficiencies.
Persons: Kylie Joyner, Read, Joyner, Alyssa Powell, Erin Brains, James Brains Organizations: Business, Garmin Locations: Siena
Tech stocks may have had a volatile past few weeks , but one chief investment officer is still bullish. The chief investment officer believes Nvidia's stock is "reasonably valued," based on its two to three-year outlook. "We've been doing that, and we've been pretty happy with the price we've been getting," he added. Broadcom shares fell 7% in extended trading following its results announcement, but remain up close to 47.5% year-to-date. Nineteen of 33 analysts covering the stock give it a buy or overweight rating, according to FactSet data.
Persons: Jason Ware, Jensen Huang's, Ware, CNBC's, We've, we've, Oracle Corporation Ware, it's, Leswing, Jordan Novet Organizations: Microsoft, Nvidia, Oracle, Broadcom, Oracle Corporation, Apple, Tesla Locations: Albion
Amazon is requiring its workers to return to the office full time. He noted that the company's three-day-a-week policy, instituted in 2023, had only reinforced the view that a full return was necessary. Amazon joins a growing list of major U.S. firms returning to a five-days-a-week office policy, including Boeing, JP Morgan Chase and UPS. However, according to data from FlexIndex, a firm that tracks company office policies, a majority of U.S. firms still offer hybrid arrangements. "As we have grown our teams as quickly and substantially as we have the last many years, we have understandably added a lot of managers," Jassy said.
Persons: Andy Jassy, Jeff Bezos, Jassy, JP Morgan Chase, it’s, ” Jassy, It’s Organizations: Amazon, Boeing, UPS Locations: FlexIndex, U.S
The winless Carolina Panthers benched struggling quarterback Bryce Young, the No. 1 pick in the 2023 NFL Draft, in favor of veteran Andy Dalton, the team announced Monday. “This is the best decision for our group, our team, going forward,” Canales said Monday. Young, last year's top pick after a stellar college career at Alabama, has struggled to up his game on Sundays. He started 16 games of the Panthers' woeful 2-15 campaign last year.
Persons: Bryce Young, Andy Dalton, Dave Canales, Young, ” Canales, I’m, He's, Dalton, he's, I've Organizations: Carolina Panthers, Panthers, Los Angeles Chargers, Alabama, NFL, Las Vegas Raiders, Bengals, Pro Bowl Locations: Carolina, Carolina's, Cincinnati
However, according to experts we spoke with, buying a mattress online can be an incredibly successful endeavor because there are so many online, direct-to-consumer options that aren’t available in stores. | Tips for shopping for a mattress online | Where to shop for a mattress online | Why trust NBC Select? How to shop for a mattress onlineIf you want to shop for a mattress online, it’s helpful to arm yourself with some tools and tactics to make sure you make the best purchase possible. Where to shop for a mattress onlineWant to shop for a mattress online but don’t know where to start? For this story, she interviewed experts on how to shop for a mattress online.
Persons: , Jeff Kahn, there’s, Kahn, You’ll, Ben Trapskin, Yawnder, , it’s, Foster, Casper, Bethany Heitman, TikTok Organizations: NBC, Amazon, Sealy, Walmart, Mattress Firm, Stearns, Facebook, Twitter Locations: Casper, Tempur
KYIV, Ukraine — The shots fired by the Secret Service near former President Donald Trump at a Florida golf course Sunday are ringing out 5,000 miles away — in the Russia-Ukraine war. After what officials called the second assassination attempt on Trump in three months, a man named Ryan Wesley Routh, 58, was taken into custody and charged. Routh had already been extensively profiled in the Western media as an ardent supporter of Ukraine in its fight against Russia’s ongoing invasion. Ukraine sought Monday to distance itself from Routh, with the country’s international legion — the military unit that includes foreign volunteers — saying it had nothing to do with him. “We would like to clarify that Ryan Wesley Routh has never been part of, associated with, or linked to the International Legion in any capacity.
Persons: Donald Trump, Ryan Wesley Routh, Routh, Kamala Harris, Joe Biden’s, Volodymyr Zelenskyy, ” Dmitry Medvedev, Russia’s, Dmitry Peskov, , Kathleen Shaffer, , Trump, Sen, Bernie Sanders, Tulsi Gabbard, Biden “, Putin, Kim Jong Un, Banner, Daryna Mayer, Alex Smith, Caroline Radnofsky Organizations: Service, Trump, NBC, Kyiv, Democratic, GOP, Nazi, Security, U.S, , International Volunteer Center, Facebook, Moscow, AFP, Getty, Ukraine’s International, NBC News, International Legion, Armed Forces, Russia Locations: KYIV, Ukraine, Florida, Russia, United States, Kyiv, U.S, Moscow, Kiev, Ukrainian, Hawaii, Kyiv’s Maidan, London
The Titan submersible plunged thousands of feet down the forbidding depths of the North Atlantic Ocean in search of the Titanic wreck site when it imploded, killing all five on board. OceanGate came under heavy scrutiny as a result of the disaster — an almost unheard-of occurrence in the submersible industry. But after the Titan didn’t return at its scheduled time, the Polar Prince contacted the Coast Guard. The suit remains ongoing, and a former OceanGate engineering director, Tony Nissen, named as a defendant, is expected to appear Monday at the Coast Guard hearing. “The Titan submersible did not just go down with its inventor — it went down with paying passengers.”
Persons: , Guillermo Söhnlein, Jason Neubauer, OceanGate, , voyagers, Polar Prince, Paul, Henri Nargeolet, Hamish Harding, Shahzada Dawood, Suleman, Rush, “ Stockton, I’d, ” Söhnlein, David Lochridge, Lochridge, ” OceanGate, Nargeolet, Tony Nissen, Neubauer, Peter Girguis, there’s, ” Girguis Organizations: Coast Guard, Marine Board, OceanGate, Marine Board of, Department of Justice, Polar, Stockton Rush, Associated Press, Harvard University, Oceanographic Locations: Canada’s, French, North Charleston , South Carolina, Washington, U.S
That was back in August 2023, just one year on from her mounting a camel for the first time. “It really starts with an awareness of animals and awareness of your own body,” she told CNN. The racing of dromedaries, a single-humped species also known as the Arabian camel, is a centuries-old passion in the region and endures in both popularity and lucrativeness, with prize money reaching multi-million-dollar figures. The ADCRC launched the UAE’s maiden all-women camel racing team — a development that immediately piqued Dees’ interest. “The outcome of the race is so reliant on the fitness and quality of the camel,” Dees explained.
Persons: Taylor Dees, Camel Festival’s, Dees —, , , Trailblazer Dees, , Dees, Linda Krockenberger, Krockenberger, ” Krockenberger, ’ Dees, ” Dees, Jordan’s Rawan Salah, Viroulaud Organizations: CNN, Crown, Trailblazer, United Arab Emirates, Camel Riding Center, ADCRC Locations: Texas, Moulton, Saudi Arabian, Taif, UAE, Abu Dhabi, German, Dubai, Saudi Arabia, AlUla
The FBI investigates the attempted assassination of Donald Trump at his Florida golf club. The speaker’s initial strategy had called for a six-month continuing resolution tied to the SAVE Act, legislation backed by Donald Trump requiring proof of citizenship to vote. It won for best drama series, Hiroyuki Sanada won for best actor in a drama, and Anna Sawai took best actress. Richard Gadd won for best actor in a limited or anthology series or movie, and Jessica Gunning won best supporting actress in a limited or anthology series or movie. “We feel violated.”— Julie Shapiro, managing editor, enterprisePolitics in BriefSpringfield visit: Former President Donald Trump plans to visit Springfield, Ohio, the site of his baseless claims about Haitian immigrants, a source familiar with the planning said.
Persons: Donald Trump, Trump, Eric Thayer, Donald Trump’s, Ryan Wesley Routh, Steven Cheung, Kamala Harris, Mike Johnson, , , Tierney, Johnson, Christopher Polk, “ Shōgun, Hiroyuki Sanada, Anna Sawai, “ Shōgun ”, Jeremy Allen White, Liza Colón, Zayas, Ebon Moss, Bachrach, Christopher Storer, Richard Gadd, Jessica Gunning, NFL Kevin Sabitus, Greg Rosenstein, Vic, Mel l, lea, stu Organizations: FBI, House Republicans, Bloomberg, Getty, Service, NBC News, Secret Service, Trump, Mar, GOP, Getty Images House Republicans, SAVE, Variety, Creative Arts, NFL, AFC, NBC, Uni Locations: Florida, Pennsylvania, West Palm Beach , Florida, Japan, Fra, abo
A new report commissioned by a labor-backed group is examining a problem many Democrats might rather ignore: the exodus of working-class voters from the party they used to call home. Some voices on the left have downplayed the significance or even denied the loss of working class voters, but the data is increasingly clear and signs of realignment are everywhere. “We take the right wing and Republican Party seriously when they say they want to be the party of the working class,” Mitchell said. Too often, the report argues, working-class voters are thought of as white men without college degrees, likely involved in a trade like plumbing. If nothing else, Mitchell hopes the research will push Democrats to take seriously the erosion with working class voters and to move beyond one-size-fits all stereotypes when thinking about how to talk to working-class voters.
Persons: Donald Trump, , Ohio Sen, JD Vance, Donald Trump’s, “ I’ve, MAGA, , Maurice Mitchell, it’s, ” Mitchell, Harris, Mitchell Organizations: Republican, Republicans, Working Families Party, Working, Democratic, NBC News, Republican Party, HIT, Biden Locations: Ohio, New York,
Japanese-language TV series “Shōgun” dominated the drama series categories at the Emmy Awards on Sunday, winning four categories: best drama, best directing for a drama series, outstanding lead actor in a drama series and outstanding lead actress in a drama series. "It was an East-meets-West dream project with respect," Hiroyuki Sanada, who plays Yoshii Toranaga, said in accepting the award for lead actor in a drama series. Katie Yu / FXIn addition to the big acting awards, “Shōgun” was also nominated for a host of technical awards, like production design, original dramatic score and stunt performance. I'm a mess today," Anna Sawai said accepting her award for best actress in a drama series. Lead actor Lee Jung-jae became the first Asian to win the award for outstanding lead actor in a drama series.
Persons: , , Japan that’s, Hiroyuki Sanada, Yoshii Toranaga, Katie Yu, “ Shōgun ”, ” Néstor Carbonell, Anna Sawai, Sawai, Toda Mariko, Lee Jung, jae, Sanada Organizations: Creative Arts, FX, Disney, Variety, Korean Netflix Locations: Japan, East, U.S, Korean,
It was a who’s who of Hollywood stars on the red carpet for the 76th Primetime Emmy Awards on Sunday night in Los Angeles. Jennifer Aniston, who was nominated for best actress in a drama for “The Morning Show,” wowed in a gorgeous strapless gown, which she paired with Tiffany & Co jewelry. She was nominated for her role as Alex Levy, a morning TV anchor on the hit Apple TV+ show. Naomi Watts walked the carpet with her husband, Billy Crudup, in a stunning emerald green gown. Crudup won for his role on “The Morning Show,” and Watts was nominated for her role as Babe Paley in “Feud: Capote vs. the Swans.”
Persons: Jennifer Aniston, , Tiffany, Alex Levy, Naomi Watts, Billy Crudup, Crudup, Watts, Babe Paley Organizations: Hollywood, Swans Locations: Los Angeles,
Australian former F1 driver Mark Webber partakes in Ricciardo's infamous 'Shoey' celebration, drinking champagne out of Ricciardo's race boot. Ricciardo became the 14th Australian driver to start a race when he made his debut for HRT F1 Team in 2011. He replaced Dutchman Nyck de Vries mid-season at the junior team, renamed to AlphaTauri and rebranded as the “sister team” to Red Bull. Red Bull realitiesRicciardo’s return to Red Bull marked a full circle moment for the Aussie, having joined the team’s academy in 2008. Despite having a contract for the next two seasons, incumbent Red Bull second driver Sergio Pérez is on the hotseat after recent struggles.
Persons: CNN — Daniel Ricciardo, , Sebastian Vettel, Ricciardo, Honey, ” Ricciardo, , Rudy Carezzevoli, Blake Mills, Blake, “ He’s, , “ Josh, I’ve, , I’m, Mark Webber partakes, Mark Thompson, Jack Brabham, Alan Jones, Mark Webber, Oscar Piastri, Jack Doohan, Toro Rosso, Webber, Vettel, Lewis Hamilton, Nico Rosberg, Red Bull, Max Verstappen, Lando Norris, McLaren’s, Bull, Nyck de Vries, it’s, Peter Fox, don’t, you’re, “ I’ve, De Vries, Alex Albon, Pierre Gasly, ‘ Let’s, ’ ”, Red, Liam Lawson, Sergio Pérez Organizations: CNN, Red Bull, CNN Sport, Brabham, HRT, McLaren, Australian, Bull’s, Austrian, Mercedes, Monaco, Renault, Prix, Formula, One Locations: Perth, Western Australia, Ngilgi, Australia, Ricciardo's, Australian, Melbourne, Canada, Hungary, Belgium, Monaco, British, Hungarian, Europe
London CNN —Harland & Wolff, the 163-year-old firm that built the Titanic, has declared itself insolvent after failing to secure funding to continue trading. The Titanic under construction at a Harland & Wolff shipyard in Belfast. Krista Few/Corbis/Getty ImagesThis is not the first time that Harland & Wolff has prepared for bankruptcy. Last year, Harland & Wolff, which completed the Titanic in 1912, delivered its first finished vessel from its historic Belfast site in two decades. Activity on the Islandmagee project will also continue as normal, Harland & Wolff said.
Persons: London CNN — Harland, Wolff, Harland, , , Russell Downs, Krista Few, Harland & Wolff, Matt Roberts, GMB Organizations: London CNN —, Administration, UK Export Finance, Belfast, Harland, Storage, , UK’s Ministry of Defence Locations: United Kingdom, , Belfast, British, Northern Ireland, Scotland
US stocks ended mixed on Monday ahead of the start of the Fed's two-day policy meeting. The Fed is widely expected to deliver a rate cut of 25 or 50 basis points at the end of its meeting on Wednesday. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementStocks close mixed on Monday as traders and investors prepared for the start of the Federal Reserve's highly anticipated policy meeting. The Federal Open Market Committee, the Fed's rate-setting group, is expected to deliver an interest rate cut at 2 p.m. on Wednesday.
Persons: , Savita Subramanian, Apple, Morgan Stanley, Z Organizations: Apple, Service, Federal, Market Committee, Bank of America, Tech, Nasdaq, Broadcom, Nvidia, Micro, Micron Technology Locations: Here's
Fed funds futures have fully priced in that the central bank will lower interest rates, according to CME's FedWatch tool . Many now expect the Fed will achieve the coveted "soft landing" outcome, which means inflation is curbed without tipping the economy into a recession. Rate cuts without a recession has historically been a positive mixture for stocks. Given this backdrop, CNBC Pro screened for names that have performed nicely in past periods where the Fed pulled rates lower without the U.S. economy tipping into a recession. To find these companies, CNBC Pro searched the S & P 500 for members with the highest median gain one year after the Fed has cut rates without an official recession.
Persons: Genuity, LSEG, Paul Lejuez, WMT Organizations: Reserve, CNBC Pro, Nike, Dow Jones Industrial, Intel, Boeing, Walmart, Dow, Citi, Wall Locations: U.S, Rochester , New York
Amazon is instructing corporate staffers to spend five days a week in the office, CEO Andy Jassy wrote in a memo on Monday. The decision marks a significant shift from Amazon's earlier return-to-work stance, which required corporate workers to be in the office at least three days a week. Amazon's headcount totaled 1.53 million employees in the second quarter, representing growth of just 5% from a year earlier. If anything, the last 15 months we've been back in the office at least three days a week has strengthened our conviction about the benefits. Before the pandemic, not everybody was in the office five days a week, every week.
Persons: Andy Jassy, they've, Jassy, didn't, Amazon's headcount, it's, we're, I've, we've, It's, Andy Organizations: Amazon, Healthcare, U.S, Puget Sound Locations: NYC, Arlington, Europe
While Wall Street widely expects the Fed to cut rates after its meeting later this week, it remains up in the air how large the cut will be. Some expect a 25 basis-point cut, while others are hoping for a 50 basis-point cut. According to Cramer, investors took profits in tech and bought cyclical stocks because many anticipate a higher rate cut. He suggested that if the Fed decides to cut rates by 0.25%, investors will shift back into tech, and Monday's winners will suffer. It flows right back to where it came from: The tech stocks that got sold today," he said.
Persons: CNBC's Jim Cramer, Cramer, there's, Don't, it's Organizations: Federal Reserve, Dow Jones Industrial, Nasdaq, Toll Brothers
Harry reunited with William in the UK to unveil a statue of Princess Diana at Kensington Palace on what would have been her 60th birthday in July 2020. William and Harry paid tribute to their late mother on her birthday. Dominic Lipinski /Pool Photo via AP
Persons: Harry, William, Princess Diana, Dominic Lipinski Organizations: Kensington Palace Locations: Kensington
Read previewMithu Storoni, a neuroscientist and expert on mental stress, made three "radical" changes to the way she works after writing her latest book on optimizing workflow. Data suggests the brain is better at performing certain tasks at certain times of the day, Storoni said. AdvertisementSchedule tasks around brain rhythmAs much as possible, Storoni now schedules her working day around the type of tasks she needs to do. But provided you have at least some agency over when you do which tasks, this idea could be applied to a typical working day, she said. AdvertisementWhen she's doing focused or creative work, Storoni puts her phone face down on silent, pauses her email notifications, and doesn't read anything.
Persons: , Storoni, Slack, it's, Daniel de la, I'm Organizations: Service, Business, Creative Locations: Australia, France, Germany, Japan
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Debating P & G: We remain torn over traditional slowdown stocks like Procter & Gamble and other defensive consumer stocks. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, we're, Morgan Stanley, Wells, Wells Fargo, It's, we've, Hock Tan, Rene Haas, Jim Cramer's, Jim, Charlie Scharf, Patrick T, Fallon Organizations: CNBC, Apple, Apple Intelligence, Micron, Currency, Procter, Gamble, Colgate, Palmolive, Broadcom, Arm, Jim Cramer's Charitable, Milken Institute Global Conference, Afp, Getty Locations: stock's, Wells Fargo, Beverly Hills , California
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