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☆ How to play the Fed decision using options on gold
▼ + stars: | 2024-09-18 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

Gold is trading at all-time highs due to a combination of inflation concerns, geopolitical risks, and expectations around monetary policy. Historically, gold tends to benefit from dovish monetary policies, especially when they signal prolonged low interest rates, which reduce the opportunity cost of holding non-yielding assets like gold. Gold has maintained its bullish momentum, trading near $2,600, and appears to be breaking into new all-time highs. Looking at the chart, gold has consistently made higher highs and higher lows, a sign of strong upward momentum. The trade To express a bullish to neutral view on gold going into the Fed announcement, consider selling a SPDR Gold Shares (GLD) Nov 1 $237.5/232.5 Put Vertical @ $2.02 Credit.

Persons: GLD Organizations: CNBC, NBC UNIVERSAL Locations: Central

☆ California Gov. Newsom says he's worried about 'chilling effect' of AI bill
▼ + stars: | 2024-09-18 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Gavin Newsom is concerned about the state's controversial AI bill. The governor told a conference he's concerned about a potential "chilling effect" on AI development. Go to newsletter preferences Thanks for signing up! Gavin Newsom is concerned about the state's controversial AI bill. During an appearance at Salesforce's Dreamforce event in San Francisco on Tuesday, the governor said he was concerned about a potential "chilling effect" on AI development the bill could cause.

Persons: Gavin Newsom, Newsom, —, didn't Organizations: Service, Bloomberg, Business Locations: California, San Francisco

☆ Sean 'Diddy' Combs shouldn't expect special treatment at a notorious Brooklyn jail that's like 'hell on earth'
▼ + stars: | 2024-09-18 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +5 min

A former warden at the facility told Business Insider that Combs can expect to be treated like any of the other 1,200 inmates at the Brooklyn jail. Advertisement"Any time one is being detained at the Metropolitan Detention Center, it's never going to be a picnic," Cameron Lindsay, the retired warden, told BI. Sean "Diddy" Combs is currently being housed at an infamous Brooklyn jail. "Given his status as a celebrity and a rap star, I would believe, of course, that he would be single-celled and isolated under very austere conditions," Cameron Lindsay told BI. Numerous Courts in this district have raised concerns with the horrific conditions of detention there," Combs' lawyers wrote.

Persons: —, Sean, Diddy, Combs, Kelly, Sam Bankman, Ghislaine Maxwell —, it's, Cameron Lindsay, Mark Bederow, Lucas Jackson, Bederow, Robyn Tarnofsky, Lindsay Organizations: Service, Federal Bureau of Prisons, Metropolitan Detention, Business, MDC Locations: Los Angeles, Miami, Brooklyn, Manhattan, Beverly Hills

☆ 3 reasons why today's Fed rate cut is the beginning of a more aggressive cutting spree than investors expect: chief economist
▼ + stars: | 2024-09-18 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Read previewThe Federal Reserve is expected to slash interest rates today for the first time since 2020 as the labor market and inflation continue to cool. AdvertisementAssuming a 25-basis-point cut at every FOMC meeting until next July, that would leave an extra 75 basis points the central bank would have to work into its policy adjustments over that time. One is that the consumer could be weaker than they appear, and the labor market is likely to deteriorate further. AdvertisementWhile the Fed hopes to stimulate spending with rate cuts, Tombs is skeptical that they'll the impact the central bank wants. Advertisement"New mortgage rates need to drop by about 250bp before they will undershoot the average outstanding mortgage rate," Tombs wrote.

Persons: —, Jerome Powell's, Samuel Tombs, Tombs Organizations: Service, Business, Macroeconomics Locations: Jackson Hole , Wyoming

☆ Founders should do this surprising thing more often in pitches, Daniel Lubetzky, the newest 'Shark Tank' addition, says
▼ + stars: | 2024-09-18 | by ( Alex Bitter | ) www.businessinsider.com time to read: +1 min

Daniel Lubetzky, founder of snack brand Kind, is joining "Shark Tank" as the show's newest Shark. Go to newsletter preferences Thanks for signing up! AdvertisementDaniel Lubetzky has seen dozens of pitches from founders on the ABC television series "Shark Tank." But Lubetzky will be hearing even more pitches as he becomes the show's latest new judge — or "Shark" — starting with the show's new season next month. Lubetzky isn't a stranger to Shark Tank or startups.

Persons: Daniel Lubetzky, Lubetzky, —, He's Organizations: Service, ABC, Business

☆ A 71-year-old champion sprinter didn't start until she was 57. She shared 4 tips for getting fit at any age.
▼ + stars: | 2024-09-18 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +5 min

Hanna, based in Washington State, told Business Insider that when she got the "god-inspired" urge to start sprinting, she turned to her husband for help. By 2011, Hanna was fast enough to compete in the Washington State Senior Games, a sports competition for people over 50. The next year, she competed at the National Senior Games, which she has done three more times since. Hanna and her coach, Marcus Chambers, after she won gold at the 2024 Senior Games. Hanna won gold in the four by 100 metres with her relay team at this year's National Senior Games.

Persons: —, Madonna Hanna, Hanna, hasn't, Marcus Chambers, it's, you've, Nathan K, Robert, Arlene Kogod, Bryan Goldberg, Mike Molloy Organizations: Service, Business, Washington State Senior Games, National Senior Games, Washington State, British, of Sports Medicine, Aging, Mayo Clinic, Senior Games Locations: Washington State

☆ I work at Amazon and I plan on 'coffee badging' instead of working from the office 5 days a week
▼ + stars: | 2024-09-18 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

This as-told-to essay is based on a conversation with an Amazon worker in Germany who spoke anonymously to protect their privacy. Amazon notified all employees on Monday about the new return-to-office mandate requiring us to come into the office five days a week from January. Before Amazon made the announcement this week, I already had a feeling that a stricter return-to-office mandate was coming in 2025. I see the value in coming together occasionally and brainstorming, but outside that, it's unnecessary to always work from the office. The consensus among other Amazon employees I've spoken to is that they plan to leave when the economy and job market improve.

Persons: I'm Organizations: Service, Business, Amazon Locations: Germany

☆ America is ready to go big on AI infrastructure
▼ + stars: | 2024-09-18 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Its backers have committed to driving the "significant infrastructure investment" needed to make AI more powerful. Critically, the firms behind the fund said these infrastructure investments "will be chiefly in the United States," where it plans to fuel AI innovation and economic growth. It will also fund the energy infrastructure needed to power them. AdvertisementData centers, chip manufacturing plants, and energy supply are all vital for making AI tick. AdvertisementThe headline result was the launch of a new task force on AI data center infrastructure, designed to underscore the vital importance of building out the infrastructure needed to maintain momentum in the generative AI race.

Persons: —, MGX, Brad Smith, Lindsey Wasson, TSMC, Justin Sullivan, Getty, CBRE, Nvidia's Jensen Huang, Sam Altman, Gina Raimondo Organizations: Service, Microsoft, BlackRock, Business, Global Infrastructure Partners, REUTERS, US, Nvidia, Congress, Financial Times, Big Tech Locations: Taiwan, China, United States, Abu Dhabi, Chicago, Northern Virginia, Washington

☆ Jim Cramer says Salesforce's collaboration with Nvidia should not be overlooked
▼ + stars: | 2024-09-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer urged people to be patient once the Fed's decision arrives at 2 p.m. 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, Stocks, Jerome Powell's, Jim, Salesforce, Agentforce, Mark Benioff, Brian Niccol, General Mills, Jim Cramer's Organizations: CNBC, Nvidia, Bank of America, Starbucks, VF Corp, Resmed, Marriott International, Alaska Air Locations: China

☆ The stock market got just what it wanted from the Fed
▼ + stars: | 2024-09-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The Fed just issued its first interest rate cut in four years. AdvertisementStocks got a brief leg up to a new intraday record on Wednesday after the Federal Reserve issued its first rate cut since 2020. "The Fed has given the market what it was looking for with the bigger 50-basis point rate cut," Joel Kruger, market strategist at LMAX Group said in a statement. Here's where US indexes stood at the 4 p.m. closing bell on Wednesday:AdvertisementStocks have historically reacted well to Fed rate cuts. "All we needed today was for Powell to validate market expectations that the Fed is acknowledging the downside risks to the labor market and responding appropriately."

Persons: Stocks, —, Jerome Powell's, Joel Kruger, Morgan Stanley, Kruger, Tom Lee, Priya Misra, Powell, Jason Pride Organizations: Service, Federal Reserve, LMAX, JPMorgan Asset Management Locations: Glenmede

☆ Ukraine isn't flying the most dangerous missions with its F-16s because the pilots are still new to the fighter, US general says
▼ + stars: | 2024-09-18 | by ( Jake Epstein | ) www.businessinsider.com time to read: +3 min

Read previewA top US Air Force general said that Ukraine is not using its F-16s for the most dangerous missions because the pilots flying them are still new to the fighter jet. Given the vulnerabilities of more offensive missions, it was thought that Kyiv would use the fighter jets in an air-defense role. Before Ukraine received its long-sought-after F-16s from NATO, one of the big questions surrounding the much-hyped transfer of the fighter aircraft was how Kyiv would actually go on to use them in combat. AdvertisementThe Ukrainian F-16s flew their first combat mission in late August as they helped defend the country against a massive Russian aerial bombardment. It's still unclear what caused the crash, but Ukraine dismissed the commander of its air force and said it would investigate the incident.

Persons: —, James Hecker, haven't, they're, " Hecker, that's, Ogirenko, Oleksandr Syrskyi, It's Organizations: Service, US Air Force, Business, US Air Forces, NATO Allied Air Command, Tuesday's Air & Space Forces Association's Air, Air & Space Forces Magazine, Ukraine, NATO, REUTERS, Former US Locations: Ukraine, Russian, Europe, Ukrainian, Kyiv

☆ I have digital overload from parenting a first grader. School, friend hangouts, and extracurriculars are all managed on my phone.
▼ + stars: | 2024-09-18 | by ( Barkha Shah | ) www.businessinsider.com time to read: +3 min

It's taken me some time to realize but I have been checking my phone every 30 minutes. I look before she's even out of the houseBefore our daughter sets off for school, my husband and I check the phone every few minutes. I keep checking the phone to decide when I should start walking toward our gate to pick her up. As the day's activities take over, the phone buzzes in between to let us know of any updates from the school. For now, I'll keep checking my phone ever 30 minutes to make sure my kid is not left out of any activity, party, or school assignment.

Persons: It's, I'm Organizations: Service, Ballet

☆ A neuroscientist scanned her brain during pregnancy and postpartum. It changed in 2 major ways.
▼ + stars: | 2024-09-18 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +1 min

A neuroscientist scanned her own brain during pregnancy to track its changes. Go to newsletter preferences Thanks for signing up! AdvertisementFor how common the phrase "mommy brain" is, we still don't know much about how pregnancy, birth, and postpartum alter a person's brain. "It's shocking that in 2024, there's so little information available to us," Dr. Liz Chrastil, 43, a neuroscientist and associate professor at UC Irvine, told Business Insider. This story is available exclusively to Business Insider subscribers.

Persons: —, Dr, Liz Chrastil Organizations: Service, UC Irvine, Business

☆ I'm an Ivy League student with schizophrenia. Hallucinations make classes even harder, but I'm determined to get my degree.
▼ + stars: | 2024-09-18 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

I had recently watched "A Beautiful Mind," the story of mathematician John Nash, who was a brilliant man with schizophrenia. I watched the college students, wanting to be them so badly. AdvertisementI had terrifying hallucinations and refused to use technologyFor four years, I tried to keep my hallucinations secret. Connecting with other college students who had hallucinations made me realize that my experience wasn't isolated. I took art and psychology classes, and then I applied to become an official student in the general studies program.

Persons: —, Jules, Amy, John Nash, Evan, couldn't, I'd, I'm Organizations: Service, Business, Columbia University, Columbia Locations: Manhattan, Connecticut

☆ Russia is after more Iranian and North Korean missiles to help it tip the balance in Ukraine, experts say
▼ + stars: | 2024-09-18 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

The visit came just days after Shoigu traveled to North Korea for talks with leader Kim Jong Un, and after he met Monday with Syrian leader Bashar Assad. This would mark an escalation in Iran's support for Russia, with the Islamic Republic previously sending aerial drones used by Russia to attack Ukrainian towns and infrastructure. AdvertisementIn recent months, North Korea has reportedly sent millions of shells to Russia, as well as ballistic missiles. UK Foreign Secretary David Lammy said last week that the delivery of Iranian missiles to Russia had changed the debate about Ukraine using Western long-range missiles to strike targets deep inside Russia. Russia is currently making incremental but important advances in its campaign to seize more territory in eastern Ukraine, while Ukraine has occupied parts of Russia's Kursk province, after a surprise attack last month.

Persons: —, Putin, Sergei Shoigu, Ali Akbar Ahmadian, Masoud Pezeshkian, Pezeshkian, Shoigu, Kim Jong Un, Bashar Assad, State Anthony Blinken, Kyrylo Budanov, David Lammy, Keir Starmer, Joe Biden Organizations: Service, Iran's Supreme National Security, Business, Institute for, State, Russia, Islamic Locations: Iran, Ukraine, North Korea, Russia, US, China, Syria, Islamic Republic, Russia's Kursk

☆ Mark Zuckerberg says Apple's culture is very different than Meta's — and the two rivals will be battling on multiple fronts
▼ + stars: | 2024-09-18 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Meta and Apple have had a rivalry for years, and Meta's Mark Zuckerberg only expects it to grow. On the "Acquired" podcast, he said Apple will be Meta's "primary competitor" in the next decade. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMeta and Apple have increasingly been rivals, and Mark Zuckerberg only expects their competition to intensify in the coming years.

Persons: Meta's Mark Zuckerberg, Zuck, Apple, —, Mark Zuckerberg Organizations: Apple, Meta, Service, Business

☆ Charts suggest traders should wait before they keep chasing utilities — the hottest trade of the year
▼ + stars: | 2024-09-18 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +5 min

Traders instantly react to the data (sometimes wildly so), especially when the actual numbers are distinctly different than estimates. Thus, historically, XLU has been correlated with the direction of treasury bonds (which move in the opposite direction of bond yields). Here's a chart with XLU and the TLT 20+ Year Treasury Bond ETF, which we're using since it's the most widely traded treasury bond ETF. From 2022 through 2023, XLU and TLT moved in the same direction more often than not. Another reason is simply that investors are aggressively seeking yield producing instruments, with the understanding that bond yields were destined to fall.

Persons: XLU, That's, TLT, We're Organizations: Federal Reserve, PPI, Utilities, Treasury Bond ETF, Bollinger, CNBC, NBC UNIVERSAL Locations: XLU

☆ Joan Vassos says she left 'The Golden Bachelorette' happier than when she started the show. Here's everything we know about if she gets engaged.
▼ + stars: | 2024-09-18 | by ( Olivia Singh | ) www.businessinsider.com time to read: +5 min

Read previewJoan Vassos is happier than ever after getting another chance at love on the inaugural season of "The Golden Bachelorette." Now, Joan is reprioritizing herself on "The Golden Bachelorette," and it seems to have worked out in her favor. AdvertisementWith the season just beginning, here's what we could piece together about whether Joan gets engaged at the end of "The Golden Bachelorette." Joan described her season as emotional, adventurous, and funJoan Vassos on the series premiere of "The Golden Bachelorette." AdvertisementNew episodes of "The Golden Bachelorette" premiere on Wednesdays on ABC and stream the next day on Hulu.

Persons: —, Joan Vassos, Joan, Gerry Turner, Gerry, John, reprioritizing, Gilles Mingasson, she'd, you've, Steve, Guy Gansert, Pascal Ibgui, Chock Chapple, Jordan Heller, Jordan, Chock, Pascal, Guy, he's, Reality Steve, who's, hasn't Organizations: Service, Business, Disney, ABC Locations: Reno , Nevada, Hulu

☆ Diddy's lawyers are headed back to court Wednesday to negotiate his release from jail on a $50 million bond
▼ + stars: | 2024-09-18 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +5 min

Read previewLawyers for Sean "Diddy" Combs are trying again Wednesday to keep him out of jail ahead of his criminal trial, asking another federal judge to accept a $50 million bond package. Tarnofsky's decision meant Combs would be in jail ahead of his criminal trial, which has not yet been scheduled. Related storiesAngifilio stressed at the Tuesday hearing and in court documents that Combs had taken extraordinary measures to cooperate with prosecutors for months. Carter, the district court judge, may now decide whether to reconsider the terms of Comb's release and set him free pending trial. Combs or prosecutors may also appeal Carter's decision to the US Second Circuit Court of Appeals, and from there to the US Supreme Court.

Persons: —, Sean, Diddy, Combs, Robyn Tarnofsky, Tarnofsky, Andrew Carter, Sam Bankman, Kelly, Ghislaine Maxwell, Michael Cohen, Marc Agnifilo, Cassie Ventura, Ventura, Agnifilo, Angifilio, Carter Organizations: Service, Business, of Prisons, Detention, Federal, Miami, Prosecutors, Metropolitan Detention, US, Circuit, Appeals Locations: Manhattan, Brooklyn's

☆ Fed rate cuts are arriving too late and layoffs show the US economy is already in a recession, bond king Jeff Gundlach says
▼ + stars: | 2024-09-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

The Fed should have cut interest rates a lot sooner, according to Jeff Gundlach. The "Bond King" thinks the economy is already in recession, as evidenced by rising layoffs. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Fed is cutting interest rates too late, as mounting job losses show that the US economy is already in a recession, according to Jeff Gundlach.

Persons: Jeff Gundlach, — Organizations: Challenger, Service, Business

☆ James Cameron told Bill Gates that it's 'getting hard to write science fiction' in the world of AI
▼ + stars: | 2024-09-18 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Director James Cameron said AI is making it harder for him to write relevant science fiction. He talked about the impact of AI with Bill Gates in a newly released Netflix series. Go to newsletter preferences Thanks for signing up! For the acclaimed film director James Cameron, AI is complicating his livelihood. "It's getting hard to write science fiction.

Persons: James Cameron, Bill Gates, Cameron, — Organizations: Netflix, Service, Microsoft, Business

☆ Judges keep failing to disclose their trips and gifts. Don't expect it to stop anytime soon.
▼ + stars: | 2024-09-18 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

"Federal judges are gods, and they can get away with anything," Rahmani said. More than 30 conservative federal justices, members of Scalia's family, and several fellow members of the conservative Federalist Society also attended, ProPublica reported. Earlier this summer, President Joe Biden called on Congress to implement term limits and an enforceable code of ethics for Supreme Court justices. AdvertisementThe nine Supreme Court justices did agree to a code of conduct last year, modeling their new guidelines after the rules that govern federal judges. California Rep. Adam Schiff introduced a bill earlier this year that would expand penalties for federal judges who violate ethics rules.

Persons: —, Aileen Cannon, ProPublica, Cannon, Judge Cannon, America's, Clarence Thomas, Harlan Crow, Samuel Alito, Rahmani, Antonin Scalia, Impeaching, Scott Lemieux, John J, SCOTUS, Joe Biden, Rahamni, Adam Schiff, Lemieux Organizations: Service, Trump, Business, Southern, Southern District of, Supreme, Law and Economics, George Mason University, Federalist Society, University of Washington, Los Angeles litigator Locations: Southern District, Southern District of Florida, Bali, Los Angeles, California

☆ One of Sam's Club's corporate teams is merging with Walmart's. Read the memo announcing the 'big step.'
▼ + stars: | 2024-09-18 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

The corporate supply chain team for Sam's Club is merging with that of its parent company, Walmart. In a memo, Walmart's head of supply chain operations said the move will aid growth. A spokesperson told BI the plan gives Sam's Club better access to resources and job cuts aren't expected. AdvertisementSam's Club's corporate supply chain team is merging into the supply chain team of its parent company, Walmart, according to a memo obtained by Business Insider. "This is a big step in our growth journey, bringing together a supply chain that is future-ready to serve both Sam's Club and Walmart for the long-term," he said.

Persons: —, Walmart's, David Guggina Organizations: Sam's, Walmart, Service, Business, Sam's Club

☆ Trump-supporting hedge fund billionaire says he'll pull his money out of the market if Harris wins the election
▼ + stars: | 2024-09-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The Trump-supporting hedge fund billionaire criticized Harris' tax plans on a Fox Business segment. Paulson said a proposed tax on unrealized gains would "could mass selling of almost everything." AdvertisementBillionaire hedge fund manager and Trump donor John Paulson told Fox Business that he will sell his stocks if Kamala Harris wins the presidency in November. Paulson was particularly focused on Harris' proposal to levy a 25% tax on unrealized gains for individuals worth more than $100 million. AdvertisementBillionaire Mark Cuban took to X, formerly Twitter, to compare how businesses would do between Harris' tax policy and Trump's plans for broad-sweeping tariffs, concluding that Harris would offer more in after-tax profit.

Persons: John Paulson, Kamala Harris, Harris, Paulson, —, I'd, Kent Smetters, Donald Trump, Mark Cuban Organizations: Trump, Fox, Service, Billionaire, Fox Business, Penn Wharton Budget, Business, Biden, Jobs, Republican

☆ I tried Nestlé's new weight-loss meals, and felt full for hours — but nutritionists have mixed reviews
▼ + stars: | 2024-09-18 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +9 min

This story is available exclusively to Business Insider subscribers. Vital PursuitThe meals cost less than $5 and are available at retailers including Target and Walmart, starting Wednesday, according to the company. These small meals, branded as protein-rich, are designed to help GLP-1 users lose more fat, and less muscle. "We want to be a brand for those 82% of Americans who are managing their weight," Stoehr told Business Insider, referencing a Morgan Stanley report. "These meals seem like a decent option... but not a great one," Malloy wrote in an email to Business Insider.

Persons: —, Nestlé, Kristen Stoehr, Stoehr, Morgan Stanley, We're, Alix Turoff, Mike Molloy, Hilary Brueck, I've, I'd, Turoff, Malloy, It's, that's, I'm, Nestlé's, Marlene Schmidt, Morgan Stanley's Organizations: Service, Business, Target, Walmart Locations: Nestlé, New York

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