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Tetra Images | Tetra Images | Getty ImagesPutting 20% down is 'definitely not required'One way to reduce your monthly mortgage payment is by putting down more money and borrowing less. But for many households, trying to get a higher down payment can be challenging, said Danielle Hale, chief economist at Realtor.com. While a lower down payment is one way to "attack affordability challenges," it can be a "mixed bag," Hamrick said. With a lower down payment, you will need to borrow more from your lender, which raises the monthly cost of your mortgage, Hale said. A smaller down payment can also mean you don't qualify for a lender's best -available interest rate.
Persons: Danielle Hale, there's, SurveyMonkey, Hale, It's, Hamrick Organizations: CNBC, Department of Veterans Affairs, U.S . Department of Agriculture, Federal Housing Association Locations: U.S
More than a quarter of US metros are still recovering from COVID-era job losses, the Federal Reserve Bank of New York reported. Today's job market amplifies fears of another recession, which some experts say could hit as soon as this year. AdvertisementAs analysts clash over when the next recession will befall the US, large swaths of the country are still bogged down in the previous downturn. The Federal Reserve Bank of New YorkBut this trend is especially distinct in the Northeast, a region that's home to particularly impacted metros. By this indicator, a recession started in October, confirmed further by accelerating job erosion, Danielle DiMartino Booth said.
Persons: , Danielle DiMartino Booth, it's, Frances Donald, Donald, We're, Gary Schilling Organizations: Federal Reserve Bank of New, Service, US metros, QI, Bloomberg, Wall Street Locations: COVID, Federal Reserve Bank of New York, Rust Belt, California, Hawaii, New Orleans, Honolulu, San Francisco, Cleveland , Detroit, Pittsburgh, Northeast, New York City, New York
Lower pricing due to softening demand helped April electric vehicle sales at Ford more than double, even as the automaker was shifting resources away from the money-losing unit. Despite the volume increases, Ford Model e saw losses widen in Q1 to $1.32 billion on just $100 million in quarterly sales. Ford's hybrid sales in April rose almost 60% to 17,997 units. We believe a buyback would be a catalyst for Ford stock just like it has been for General Motors , which announced its repurchase plan back in November. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Michael Ward, Ford's, BEV, Ford, Ward, Jim Farley, Jim Cramer, That's, We're, Jim Cramer's, Jim, Danielle DeVries Organizations: Ford, Freedom Capital, Ford Model, ICE, Ford Blue, Ford Pro, General Motors, CNBC, New York Locations: EBIT
For them, and the fast food chains they’re now competing against, the stakes are high. “Fast food has gotten really expensive,” Henkes said. On X, Chili’s asked whether Chili’s is better than fast food, and promised rewards to those who said yes. Chili’s also ran video ads comparing its food favorably to fast food burgers. “People go to sit-down restaurants, generally speaking, for different occasions, than they go to fast food restaurants,” he noted.
Persons: New York CNN — McDonald’s, Applebee’s, ” John Peyton, it’s, Peyton, , , Henkes, McDonald’s, Chris Kempczinski, Ian Borden, we’ve, Chili’s, Kevin Hochman, Chili's, Jeffery Greenberg, David Henkes, ” Henkes Organizations: New, New York CNN, Dine Brands, CNN, Bureau of Labor Statistics, Bloomberg, Applebee’s, Brinker International, Universal, Locations: New York, McDonald’s, Applebee’s, Chili’s, Technomic
“They have chased down Jewish students. They have screamed at those who bear the Star of David.”Former President Donald J. Trump chimed in. Jewish students have been shouted at to return to Poland, where Nazis killed three million Jews during the Holocaust. There are chants and signs in support of Hamas, whose attack on Israel sparked the current war. A leader of the Columbia protests declared in a video that “Zionists don’t deserve to live.”
Persons: Mike Johnson, , jeers, David . ”, Donald J, Biden, , Israel, don’t Organizations: Columbia University, Trump, Truth, Republicans, Columbia Locations: Gaza, Poland, Israel
Realtor.com identified 15 large US cities with the lowest incomes needed to afford a home. Some of the most affordable cities for homebuyers who earn less are in the South and Midwest. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Realtor.com has identified 15 large cities where homebuyers can make less than $100,000 a year — about the typical income of a household with two or more married or related members — and still afford to purchase a median-priced property. Here are the 15 US cities where prospective buyers with relatively lower incomes can still purchase houses, according to Realtor.com.
Persons: Realtor.com, , Danielle Hale, Hale Organizations: homebuyers, Service, West Locations: South, Midwest . Pittsburgh, California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe housing market is 'pretty dire' for younger Americans, says Realtor.com's Danielle HaleDanielle Hale, Realter.com chief economist, joins 'Squawk Box' to discuss the housing crisis facing young Americans, impact of interest rates on the housing market, and more.
Persons: Danielle Hale Danielle Hale
Economist Frances Donald told Bloomberg TV that a sharper Fed pivot is ahead. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementMarkets are right to price in a Federal Reserve policy pivot but should brace for a rate-cutting cycle that's sharper than expected, economist Frances Donald told Bloomberg TV. "We believe we are heading into a proper downturn that will require a proper easing cycle." So we're not exiting the period in which rate hikes become really impactful in the economy," she said.
Persons: Frances Donald, , Donald, We're, Danielle DiMartino Booth Organizations: Bloomberg, Service, Manulife Investment Management
New York CNN —A janitorial company has been fined $649,000 after an investigation found it hired minors for dangerous jobs cleaning slaughterhouses, the United States Department of Labor said Monday. Fayette Janitorial Service had employed at least 24 children, including those as young as 13, according to the DOL investigation. The minors had been working overnight shifts at two separate slaughter facilities, according to the DOL. The company said in February that it had ended all of its contracts with Fayette, according to the Sioux City Journal. Instances of illegal child labor have been growing in recent years, and other contractors have been fined over employing minors.
Persons: ” Fayette, , Perdue “, , – CNN’s Melissa Alonso, Ramishah Maruf Organizations: New, New York CNN, United States Department of Labor, CNN, Seaboard Triumph Foods, Perdue, Labor Department, Seaboard, Sioux City, Packers Sanitation Services Locations: New York, Fayette, DOL, Sioux City , Iowa, Accomac , Virginia
Apple wants to give the iPad a boost
  + stars: | 2024-05-07 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
The tech giant's event will reportedly showcase a new family of… iPads and iPad accessories. But Apple's event , which kicks off at 10 a.m. EST, is looking to give the iPad a boost. iPhone sales have noticeably dipped, which is why you're hearing Apple tout its "services" business , writes BI's Peter Kafka. And the new product Apple wants you to be excited about — the Vision Pro — hasn't lived up to the hype. a16z joins the Big Tech "fake work" debate.
Persons: , Tyler Le, they're, iPads, Antonio Villas, Boas, BI's Peter Kafka, Peter, hasn't, Katie Notopoulos, Wall, Lauren DeCicca, Tim Cook, Katie, aren't, I'd, we'll, I'm, Alyssa Powell, Danielle DiMartino Booth, James Devaney, Roger Kisby, Jack Dorsey's, Elon, Dorsey, Elon Musk, Satya Nadella, OpenAI, Jeff Bezos, Mark Zuckerberg, Warren Buffett, Berkshire Hathaway, a16z, Emily Sundberg, Andreessen Horowitz, David Ulevitch, Vladimir Putin, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Apple, Google, Getty, US Treasury, National Bureau of Economic Research, Images, Penske Media, Microsoft, Tech, Paramount, Berkshire, Big Tech, Walt Disney Company Locations: BREIT, New York, London
Author Danielle Bayard Jackson shared 9 types of "bad" friends — and how to deal with each one. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn her forthcoming book "Fighting for Our Friendships" (out on May 7), Jackson discusses nine types of "bad" female friends she's heard her coaching clients complain about. The non-reciprocal friendThis friend makes you feel like you're in a one-sided relationship. Jackson said it's a good idea to leave if the friend consistently makes you feel like a social placeholder during their single seasons.
Persons: Danielle Bayard Jackson, , it's, Jackson, she's, you've, they're Organizations: Service
The US economy may already be mired in recession, Danielle DiMartino Booth told Bloomberg TV. Downside labor revisions and rising job losses indicate a downturn has hit, the QI Research CEO said. AdvertisementThe US is already mired in recessionary downturn, and rising job losses prove it, veteran forecaster Danielle DiMartino Booth told Bloomberg TV. AdvertisementBy that standard, the rule was triggered in October of last year, according to recently published labor revisions through the third quarter of 2023, indicating job losses of 192,000. Other analysts have also projected rising recession risk, hand-in-hand with a labor market fallout.
Persons: Danielle DiMartino Booth, , there's, it's, Booth, Goldman Sachs, payrolls, David Rosenberg Organizations: Bloomberg TV, Downside, QI, Service, Bloomberg, Fox Business
People have wanted to reconnect with deceased loved ones for centuries, whether they’ve visited mediums and spiritualists or leaned on services that preserve their memory. In September 2023, it introduced ChatGPT voice, where users can ask the chatbot prompts without typing. HereAfter AI, founded in 2019, allows users to create avatars of deceased loved ones. “Remembering is very important; it reflects the human condition and importance of deceased loved ones.”But she noted the relationship we have with our closest loved ones is built on authenticity. Creating an AI version of that person could for many “feel like a violation of that.”Bill Abney said he feels uneasy about communicating with his late fiancée through AI platforms.
Persons: Ana Schultz, Kyle, , Schultz, , Schutz, they’ve, ” Ana Schultz, ElevenLabs, Joe Biden, Biden, ChatGPT, OpenAI, Danielle Jacobson, she’s, Phil, Cole, ” Jacobson, “ Cole, Replika, Rohit Prasad, Val Kilmer, It’s, Mary, Frances O’Connor, , ’ ”, Bill Abney, Kari, ” Abney, “ I’m, Jodi Spiegel, Sims Organizations: CNN, Davidson College, Tech, Alexa, MARS, Amazon, University of Arizona Locations: Rock Falls , Illinois, Alabama, Johannesburg, South Africa, , San Francisco, Newfoundland, Canada
CNN —The Republican National Committee’s chief counsel Charlie Spies has resigned two months after accepting the position. Spies’ departure follows weeks of growing tension with RNC officials, a source familiar with the situation told CNN. His hire was one of a handful meant to “initiate battle on election integrity from an offensive instead of defensive posture,” LaCivita told CNN in a statement at the time. Trump originally approved of the hiring, one source told CNN, but sources said the former president was angered after his allies pointed to clips of Spies criticizing the false claims that the 2020 election was stolen. CNN’s Kristen Holmes, Fredreka Schouten and Michelle Shen contributed to this story.
Persons: Charlie Spies, Donald Trump, Jeb Bush, Mitt Romney, Ron DeSantis, Danielle Alvarez, Spies, ” “ Charlie, Chris LaCivita, ” Alvarez, Trump, ” Spies, Michael Whatley, ” LaCivita, CNN’s Kristen Holmes, Fredreka Schouten, Michelle Shen Organizations: CNN, Republican National Committee’s, RNC
While high mortgage rates didn't bring prices down, steep insurance costs could put a lid on further appreciation. But there's an under-the-radar factor that could soon pull down home prices nationally, real estate experts told Business Insider — soaring home insurance costs. AdvertisementThe insurance costs usually come as a surprise to home buyers in those areas, Fairweather added. To Fairweather, it's more precise to say the rising insurance will make home values grow more slowly than they would have, as the robust demand still characterizes the current market. We take into account prices and mortgage rates and now rising insurance costs, but there's still people wanting to buy homes," she said.
Persons: , Zillow, FRED, Daryl Fairweather, Fairweather, Danielle Hale, Hale, Jesse Keenan, Keenan, it's, homeownership, there's Organizations: Service, Business, Tulane University Locations: Florida, Texas, West, Louisiana
Daring, wild, and over-the-top designs are a key part of Met Gala fashion. In 2023, Leto arrived at the Met in a full-body catsuit in homage to Karl Lagerfeld's cat. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe Met Gala is one of the most outrageous fashion events of the year thanks to its elaborate themes and corresponding dress codes. Ahead of this year's Met Gala on Monday, May 6, here's a look back at 60 of the most outrageous looks celebrities have worn to fashion's biggest night.
Persons: Jared Leto, Rihanna, Kim Kardashian, Leto, Karl Lagerfeld's, Organizations: Met, Service
Strong friendships feel equal, exclusive, and mutually supportive. It's a beautiful experience, but one with under-appreciated complexities, Danielle Bayard Jackson, an author and friendship coach, told Business Insider. So before you dub your bestie a toxic friend, here are three major reasons your relationship feels like it's on the rocks — and what you can try before quiet-quitting the friendship. In her book, Jackson offered ways to start conversations around those issues, as well as advice on when to just walk away. In the book, Jackson described close friendship as creating a "vault" where "each friend contributes private things in an intimate and trustworthy space."
Persons: Danielle Bayard Jackson, , Jackson, I'm, DINK, it's, It's Organizations: Service
Maya Rudolph says she was burned out from running a production company she cofounded. "I like working, but I don't like killing myself," Rudolph told Town and Country Magazine. AdvertisementMaya Rudolph says she overworked herself while trying to run the production company she cofounded in 2018. In between running the company and starring in different shows, the workload caught up to her. This story is available exclusively to Business Insider subscribers.
Persons: Maya Rudolph, Rudolph, , Natasha Lyonne, Danielle Renfrew Behrens Organizations: Town, Country Magazine, Service, Animal Pictures, Business
Earnings Exchange: Apple, Hershey & Cloudflare
  + stars: | 2024-05-02 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings Exchange: Apple, Hershey & CloudflareDanielle Shay, vice president of options at Simpler Trading, joins CNBC's exchange to share her trades on Apple, Hershey, and Cloudflare.
Persons: Danielle Shay Organizations: Apple, Hershey
The US economy already looks like it's in a recession, according to Danielle DiMartino Booth. The chief strategist of QI Research pointed to weakness in the job market, with layoffs rising. She said that puts the economy in a precarious state, especially with US debt-taking already looking similar to China's. The chief strategist of QI Research has warned for months that the US economy is already in a recession, despite Wall Street's upbeat outlook for a soft-landing. But a downturn is already evident in the weakening job market, Booth said, pointing recent downward revisions in monthly job growth figures.
Persons: Danielle DiMartino Booth, , Booth Organizations: QI, Service, QI Research Locations: China
With YouTube Booming, Podcast Creators Get Camera-Ready
  + stars: | 2024-04-26 | by ( Reggie Ugwu | ) www.nytimes.com   time to read: 1 min
For its new podcast studio in Burbank, Calif., Exactly Right Media — the company behind hit shows like “My Favorite Murder” and “This Podcast Will Kill You” — made several investments in high-end audio equipment: soundproofing, microphones, a dedicated control room. But that was only half the job. Next, it purchased half-a-dozen video cameras with the help of consultants, hired a set designer and a lighting designer, and found someone to build the scaffolding from which the new equipment would hang. “We got the best truss guy in the city,” said Danielle Kramer, the company’s chief operating officer.
Persons: , , Danielle Kramer Locations: Burbank , Calif
The US may already be in a recession, according to Danielle DiMartino Booth. A steady rise in the unemployment rate above cycle lows signals a recession, she said. Other forecasters have said the unemployment rate could reach 5% by year-end. AdvertisementThe US could see a rise in layoffs, and there's one indicator in the labor market that suggests a recession is already here, according to veteran market forecaster Danielle DiMartino Booth. The Quill Intelligence Research chief strategist pointed to worrying signs in the labor market, despite headline job growth remaining strong.
Persons: Danielle DiMartino Booth, Organizations: Service, Quill Intelligence Research, Business Locations:
Opinion: Shaking off the Trump effect
  + stars: | 2024-04-21 | by ( Richard Galant | ) edition.cnn.com   time to read: +19 min
We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. CNN —“We are most deeply asleep at the switch,” wrote Annie Dillard, “when we fancy we control any switches at all. When the Senate voted to send new aid to Ukraine, Israel and Taiwan two months ago, House Speaker Mike Johnson took no action. With the help of Democrats, the House approved aid to Ukraine, Israel and Taiwan on Saturday. Writing for CNN Opinion, he emphasized that there are legal principles that require universities to prohibit expressions of antisemitism.
Persons: CNN —, , Annie Dillard, , time’s, , Mike Johnson, Donald Trump, Joe Biden, Trump, Biden, Sleepy Joe ”, Israel, Johnson, MAGA, Julian Zelizer, Walt Handelsman, Marjorie Taylor Greene’s, Kevin McCarthy’s, Clay Jones, Fareed Zakaria, Alejandro Mayorkas, “ Biden, ” Zakaria, Bill Clinton, ” Trump, Jack Ohman, Agency Donald Trump’s, dozed, Elliot Williams, Patrick T, Brown, , , , Attorney Alvin Bragg, ” Will, Jeffrey Abramson, ” “, Norm Eisen, Stormy Daniels, ” Eisen, Michael Cohen, Elie Honig, Frida Ghitis, Benjamin Netanyahu, ” Lisa Benson, GoComics.com Peter Bergen, Daniel R, DePetris, Dean Obeidallah, Susanne DeWitt, ” David Schizer, ” Schizer, Danielle Campoamor, Caitlin Clark, Simone Biles, Campoamor, Latika Bourke, John Howard, Justin J, Pearson, Winston Churchill, Holly Thomas, Boris Johnson, Rishi Sunak’s, It’s, ” Thomas, YouGov, ” Don’t, Drew Sheneman, Agency David M, Perry, Frankie de la, Angel Reese, Roy Schwartz, Joni Mitchell —, Raul A, Reyes, Sonia Sotomayor, Jules Boykoff, Jaime M, Valiathan, Ed Manning, Sara Stewart, Noah Berlatsky, Taylor Swift Amy Bass, Taylor Swift, Swift, Department ”, ” Bass, “ Swift, Joe, Alwyn, Diana, they’re, Clara Bow, Dylan Thomas, Patti Smith — Organizations: CNN, Republicans, MAGA Republicans, Agency, Congress, Biden, Homeland, National Guard, , Manhattan, Attorney, New York Democrats, Twitter, Facebook, New York Times, Trump, Berkeley, Nazism, Columbia, Nike, Team USA, Sydney, Port, Conservative, Squadron, Royal Auxiliary Air Force, Central Press, Hulton, National Health Service, WNBA, Ungentlemanly, Department Locations: Ukraine, Israel, Taiwan, Manhattan, Iran, Russia, China, , New, CNN Iran, “ Israel, Gaza, Israeli, Damascus, Iraq, America, Dearborn, Nazi Germany, Berkeley , California, Berkeley, East Bay, Sydney, Port Arthur, Tennessee, Surrey, Croydon, Quebec, Britain, Vancouver, London, Welsh
The average rate on the popular 30-year fixed mortgage crossed over 7% on April 1, according to Mortgage News Daily, and it just kept going. It now sits right around 7.5%, the highest level since mid-November of last year. Rates hit their highest level in a few decades last October, causing home sales to grind to a halt. Rates then fell through mid-January to the mid-6% range and held there into February, causing a surge in home sales. "Sales data over the next few months is likely to reflect the impact of now-higher mortgage rates."
Persons: Jerome, Powell, Danielle Hale Organizations: Mortgage News Daily, Builders, Realtor.com
But right now we're seeing that even if you're the best, women are not paid their fair share." However, WNBA Commissioner Cathy Engelbert, speaking at CNBC's inaugural Changemakers Summit on Thursday in New York City, said there's a "false narrative" around Clark's expected salary, likening it to the way that executive salaries are displayed for public companies. Cathy Engelbert, Commissioner of the Women's National Basketball Association (WNBA) speaking at the CNBC Changemakers Event in New York on April 18th, 2024. The NBA has around $13 billion in revenue while the WNBA is roughly around $200 million. Caitlin Clark poses with WNBA Commissioner Cathy Engelbert after being selected first overall pick by the Indiana Fever during the 2024 WNBA Draft.
Persons: Caitlin Clark, Joe Biden, Clark, Victor Wembanyama —, , Cathy Engelbert, there's, Engelbert, Danielle DeVries, Caitlin, she's, we're, Sarah Stier Organizations: Indiana Fever, House, San Antonio Spurs, NBA, Summit, Deloitte, National Basketball Association, CNBC, Nike, Gatorade, State, WNBA, Athletic, Getty Locations: New York City, New York, U.S, Iowa
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