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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

WASHINGTON — Divided House Republicans stumbled last week in their effort to pass Speaker Mike Johnson’s bill to fund the government. “A government shutdown is always a bad idea, at any time,” Senate Minority Leader Mitch McConnell, R-Ky., told reporters. The speaker’s initial strategy had called for a six-month continuing resolution (CR) tied to the SAVE Act, legislation backed by Republican presidential nominee Donald Trump requiring proof of citizenship to vote. It’s unclear whether Johnson this week will try to tweak the SAVE Act approach or try something entirely different. Republicans see the SAVE Act as a mechanism to try to force politically vulnerable Democrats into a difficult position.

Persons: Mike Johnson’s, They’ll, “, Mitch McConnell, Johnson, he’s, ”, Sen, John Cornyn, ” Cornyn, ” Johnson, Donald Trump, JD Vance, Ohio, Mike Rogers, we’re, Joe Biden, Chuck Schumer, ” Schumer, “ You’ve, Thomas Massie, it’s “, ” Massie, Jon Tester, ” Tester, it’s, noncitizens Organizations: Republicans, GOP, SAVE, Republican, Trump, CRs, Armed Services, NBC, Capitol, ” Locations: WASHINGTON, Ky, Texas

☆ Typhoon Bebinca lashes Shanghai in strongest storm to hit city since 1949
▼ + stars: | 2024-09-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

SHANGHAI — The normally bustling financial hub of Shanghai was brought to a standstill Monday as residents sheltered at home to wait out the worst of Typhoon Bebinca. The Category 1 storm, which made landfall in Shanghai on Monday morning, is the most powerful tropical cyclone to directly hit the city in more than seven decades. Packing top wind speeds of 94 miles per hour near its eye, Bebinca landed in the city of nearly 25 million around 7:30 a.m. (7:30 p.m. Sunday ET), state media reported, the strongest storm to strike Shanghai since Typhoon Gloria in 1949. Resorts in Shanghai, including Shanghai Disney Resort, Jinjiang Amusement Park and Shanghai Wild Animal Park, have been temporarily closed and many ferries halted. Shanghai is rarely subject to direct hits from strong typhoons that generally make landfall farther south in China.

Persons: Bebinca, Typhoon Gloria, Rain Organizations: SHANGHAI, Shanghai, Typhoon, Resorts, Shanghai Disney Resort, Animal Locations: Shanghai, China . Parks, Jiangsu, China, Hainan

☆ 4 shot at Brooklyn train station when officers open fire at knife-wielding man
▼ + stars: | 2024-09-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +3 min

Four people were wounded at a Brooklyn train station Sunday when police officers shot at a man threatening them with a knife, authorities said. The bloody confrontation began when two officers confronted a man who entered the station without paying his fare, officials said. They followed him on to a train that had pulled into the station and fired two Tasers, but neither incapacitated the man, Maddrey said. Mayor Eric Adams visited the wounded officer in the hospital Sunday, ahead of a news conference addressing the shooting. In 2019, NYPD officers accidentally shot and killed two fellow officers while confronting crime suspects in separate on-duty incidents.

Persons: Thomas Donlan, ”, Jeffrey Maddrey, “ I’m, ” Maddrey, Maddrey, Eric Adams, I’m, Janno Lieber, Lieber Organizations: Interim Police, Democrat, NYPD, Metropolitan Transportation Locations: Brooklyn, Brownsville

☆ Person in custody after Trump golf club incident was once convicted of possessing a machine gun
▼ + stars: | 2024-09-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +3 min

Ryan Wesley Routh, 58, was taken into custody after shots were fired at Trump International Golf Club in West Palm Beach on Sunday, three senior law enforcement sources said. In 2002, court records show, he was convicted of possessing a weapon of mass destruction — the machine gun. Most recently, a Ryan Routh lived in the small coastal community of Kaawa on Oahu’s eastern shore in Hawaii. Ryan Routh Ryan Routh FacebookAfter the 2002 arrest, authorities allegedly found the suspect in possession of a fully automatic machine gun, according to the Greensboro News & Record report. On Sunday, Palm Beach State’s Attorney Dave Aronberg said on MSNBC’s “Ayman,” with Ayman Mohyeldin and Ali Velshi, that the federal government is taking over prosecution in the West Palm Beach case, with the U.S. Justice Department expected to file any charges.

Persons: Donald Trump, Ryan Wesley Routh, Ryan Routh, Routh, Ryan Routh Ryan Routh, There’s, Dave Aronberg, MSNBC’s “ Ayman, ”, Ayman Mohyeldin, Ali Velshi, Aronberg, “, ” Aronberg Organizations: Trump International Golf Club, Greensboro News, Authorities, Trump International, U.S . Justice, Trump, Secret Service Locations: West Palm Beach, Greensboro , North Carolina, North Carolina, Kaawa, Hawaii, Carolina, Guilford County, Greensboro, Fla, Stephany, Beach, Palm, Martin County

☆ Currencies listless as markets waffle over Fed rate cut
▼ + stars: | 2024-09-16 | by ( ) www.cnbc.com time to read: +4 min

A quarter-point reduction by the Fed as it kicks off its rate cuts is still seen as the slightly more likely outcome, but only marginally so. Futures price a total of 125 basis points in rate cuts in 2024. Investors are also looking to the Bank of Japan's interest rate decision on Friday, when it is expected to keep its short-term policy rate target steady at 0.25%. Bank of Canada Governor Tiff Macklem meanwhile opened the door to stepping up the pace of interest rate cuts, the Financial Times reported on Sunday. The BoC, after keeping its key policy rate at 5%, a more than two-decade high, for a year, has trimmed it by a quarter point three times in a row since June.

Persons: Chris Weston, Fumio Kishida, Sanae Takaichi, Christine Lagarde, Philip R, Lane, Luis de Guindos Organizations: U.S, Bank of England, Bank of Japan, Treasury, Fed, FedWatch, Bank of, Liberal Democratic Party, Sterling, European Central Bank, ECB, Bank of Canada, Financial Times, BoC Locations: Japan, Asia, China, South Korea

☆ Here’s what you should know about buying a home ahead of a likely interest rate cut
▼ + stars: | 2024-09-16 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

While the Fed doesn’t directly set mortgage rates, its actions affect borrowing costs throughout the economy. The most apparent effect: An interest rate cut could help ease the upward pressure on mortgage rates, making one piece of the homebuying equation more affordable. Most investors are betting that the Fed will cut its benchmark interest rate by just a quarter-point on Wednesday. Some financial advisers counsel to wait until you can get a mortgage rate that is a full percentage point below the rate you’re already paying, said Fairweather. “If you got a 7.5% mortgage rate, you may already be in the money to refinance,” she said.

Persons: Freddie Mac, ”, Daryl Fairweather, Redfin’s, “, it’s, Fairweather, We’re, Greg McBride, “ It’s, Leo Pareja Organizations: CNN, Federal Reserve, homebuyers, National Association of Realtors, Bankrate, eXp Realty Locations: Wells, ”

☆ New apparent Trump assassination bid is another dark moment with unpredictable political consequences
▼ + stars: | 2024-09-16 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

CNN —There’s no political playbook for how to deal with another apparent assassination attempt against a major-party presidential candidate within weeks of an election. The second apparent assassination attempt comes against the backdrop of a turbulent campaign that has defied convention and predictions. Another apparent attempt on his life is likely to have some level of personal impact on the former president. In normal circumstances, an apparent assassination attempt against a presidential candidate might be expected to unleash a surge of sympathy that could translate into a political boost. But it’s too early to say whether the second apparent assassination attempt will have greater political impact than the first.

Persons: CNN —, Donald Trump, —, Kamala Harris, Tim Walz, Joe Biden, Harris, Trump, “, ” —, ” Trump, Elise Stefanik, ”, Mike Johnson, Biden, Stefanik, didn’t, They’d, Ohio Sen, JD Vance, Vance, Dana Bash, Mike DeWine, it’s Organizations: CNN, Minnesota Gov, Trump, Trump —, New York, Republican National Convention, GOP, Secret Service, Trump International Golf Club, Justice Department, Republican, White, Republicans, Biden, stoke, CNN’s, ABC Locations: America, Florida, Butler , Pennsylvania, Lago, Milwaukee, West Palm Beach , Florida, Pennsylvania, Butler, Springfield , Ohio, CNN’s “ State, United States, The Ohio, Venezuela

☆ Drugmakers bet billions that targeted radiation could become the next cancer breakthrough
▼ + stars: | 2024-09-16 | by ( Angelica Peebles | In Angelicapeebles | ) www.cnbc.com time to read: +9 min

watch nowDrugmakers are betting that delivering radiation directly to tumors will become the next big cancer breakthrough. That can allow the treatment to deliver radiation to cancer cells and spare the rest of the body from the level of damage that comes with many cancer drugs. For Pluvicto, patients come in once every six weeks for up to six treatments. One opportunity Bristol Myers Squibb sees is combining radiopharmaceuticals with existing cancer drugs like immunotherapy, said Robert Plenge, Bristol's chief research officer. But she thinks the technology will become an important part of cancer drugs in the next decade.

Persons: Eli Lilly, They've, Michael Schmidt, Schmidt, Franco Origlia, Jacob Van Naarden, Eli Lilly's, Lilly, Biopharma, Van Naarden, Radiopharmaceuticals, Bristol Myers, Ben Hickey, RayzeBio, Hickey, Victor Bulto, Bulto, Timothy Korytko, Ronald Coy, Sharon, Ronald Coy Ronald Coy, Coy, who's, Coy hasn't, she's, we've, Eli Lilly's Van Naarden, Bristol Myers Squibb, Robert Plenge, Susan Galbraith, Galbraith Organizations: Bristol Myers Squibb, AstraZeneca, Guggenheim Securities, Novartis, NSA, Pharmaceutical, Bassett Healthcare Network, Bristol, Fusion Pharmaceuticals, Guggenheim Locations: Aedea Rome, Italy, radiopharmaceuticals, Swiss, FactSet, Bristol, Indiana, U.S, New York, Bassett

☆ Top Morgan Stanley bankers break down 3 common mistakes startup hedge funds make
▼ + stars: | 2024-09-16 | by ( Alex Morrell | ) www.businessinsider.com time to read: +7 min

Read previewIt's shaping up to be a bustling period for new hedge funds. Startup funds have allies in investment bank prime brokerage units, a crucial lifeline to hedge funds and a growing business on Wall Street. AdvertisementMorgan Stanley has long been home to one of the top prime brokerages, and serving hedge funds is key to the bank's equities ambitions. These are 3 of the top stumbling blocks for startup fund managers and how to handle them, according to Novick and Shaw. AdvertisementBut beyond that, continuing to engage with prospects is simply a sound business strategy.

Persons: —, Jon Caplis, Morgan Stanley, Ted Pick, Penny Novick, Kim Shaw, Shaw, Morgan Stanley's, Novick, they're, allocators, Hone, haven't Organizations: Service, Business, Viking

☆ Storm Boris: 10 killed as a month’s worth of rain pounds central Europe
▼ + stars: | 2024-09-16 | by ( Niamh Kennedy | ) edition.cnn.com time to read: +5 min

CNN —At least 10 people have been killed in some of the worst floods to hit central Europe in decades as Storm Boris sweeps through the region, dumping well over a month’s worth of rain. Across the border in the Czech Republic, thousands of residents have been left without hot water and electricity after authorities shuttered heating plants. Authorities are also alarmed by the situation in the Czech town of Litovlje, where 80% of buildings are submerged. The town’s mayor, Viktor Kohout, told CNN Prima that the Morava river is expected to crest at 2 p.m. local time (8 a.m. Police have extensively “warned the public about the danger” of walking along the river, a Bratislava Police spokesperson told CNN on Monday.

Persons: Boris, “, Johanna Mikl, Leitner, Jaroslav Ozana, Kacper Pempel, Wladyslaw Kosiniak, Kamysz, Viktor Kohout, Sergei Gapon, Zdenek Kuzilek, Viktor Orban, Orban, ” Orban Organizations: CNN, Veolia, CNN Prima, ” Firefighters, Moravska Ostrava, Reuters, TVN24, Polish, PAP, Authorities, Getty, Danube . Police, Bratislava Police Locations: Europe, Austria, Poland, Czech Republic, Hungary, Ostrava, Polish, Lower Austria, ” Lower Austria, Privoz, Nysa Klodzka, Nysa, Reuters Europe, Klodzko, Czech, Litovlje, Jesenik, Rudawa, AFP, Budapest, Slovakian, Bratislava

☆ Meta bans Russian state propaganda outlets
▼ + stars: | 2024-09-16 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +1 min

CNN —Meta, the parent company of Facebook and Instagram, announced Monday that it has banned Russian state media broadcaster RT and other Kremlin-controlled networks, alleging the outlets have engaged in deceptive influence operations and attempted to evade detection. “After careful consideration, we expanded our ongoing enforcement against Russian state media outlets. Rossiya Segodnya, RT and other related entities are now banned from our apps globally for foreign interference activity,” a Meta spokesperson said in a statement. Prior to Monday’s ban, RT had 7.2 million followers on Facebook and 1 million followers on Instagram. After the US Justice Department announcement, RT responded with mocking statements that did not address the specifics of the US allegations.

Persons: Tim Pool, Dave Rubin, Benny Johnson Organizations: CNN, Meta, Facebook, US Justice Department, Tenet Media, Trump, US, Department, Microsoft, Senate

☆ The Fed is finally about to cut interest rates. What took so long?
▼ + stars: | 2024-09-16 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Washington CNN —It’s a pivotal week for the US economy, with the Federal Reserve expected to cut interest rates for the first time since 2020. Fed officials and investors have long anticipated that borrowing costs would come down in 2024 — at some point — according to their economic forecasts. But nine months in, rate cuts still haven’t happened, drenching Wall Street’s parade and leaving US consumers squeezed by elevated interest rates. Here’s why the Fed didn’t cut soonerIt’s simple: The Fed didn’t cut interest rates sooner because it could have reignited inflation or left it stuck above the central bank’s target. Bond yields, which move in anticipation of the Fed’ decisions on rates, have come down over the past several weeks based on signs encouraging the Fed to cut rates, such as weaker-than-expected employment data and cooling inflation.

Persons: Washington CNN — It’s, it’s, ” Oscar Muñoz, ” Muñoz, Jerome Powell, Powell, Donald Trump, Joe Biden, “ Jerome Powell’s, ” Philipp Carlsson Organizations: Washington CNN, Federal Reserve, Fed, Wall, TD Securities, CNN, Kansas City, Capitol, White, Boston Consulting Group Locations: —, Jackson Hole , Wyoming

☆ Amazon employees blast new RTO policy in internal messages: 'Can I negotiate my manager to PIP me?'
▼ + stars: | 2024-09-16 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Read previewSome Amazon employees took to an internal Slack channel to blast the company after it announced plans to require corporate employees to work in the office five days a week. One staffer was so upset they issued a plea to Business Insider, which has covered Amazon's RTO crackdown extensively. Other Amazon workers weighed in, too, on a company Slack channel dedicated to RTO-related topics. Amazon's RTO policy was already strict, but Jassy just doubled down hard on the company's in-office approach. "Can I negotiate my manager to PIP me," one employee wrote in reference to Amazon's famously ruthless performance improvement plan.

Persons: —, Andy Jassy's, Slack, It's, Jassy, Amazon's, Andy Jassy, Jeff Bezos's, Bezos, Ashley Stewart Organizations: Service, Business, Google, Amazon

☆ BlackRock's Rick Rieder says a golden age for fixed income begins this week with the Fed rate cut
▼ + stars: | 2024-09-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

With the Federal Reserve expected to begin its rate-cutting cycle this week, investors should take advantage of this "golden age of fixed income" now, according to BlackRock's Rick Rieder. "The world is changing," said Rieder, the asset manager's global chief investment officer of fixed income. In this environment, Rieder likes the belly of the curve and assets like securitized products , high yield and European credit. BINC currently has about 28% of its assets in non-U.S. credit and about 20% in U.S. high-yield bonds. Rieder is not concerned about the narrow spreads in high-yield credit.

Persons: BlackRock's Rick Rieder, —, Rieder, BINC, We've, CLOs Organizations: Federal Reserve, SEC, Fed, AAA, MBS, AAA CLOs Locations: BlackRock, Europe, U.S

☆ Tropical storm-like system floods North Carolina with historic rain
▼ + stars: | 2024-09-16 | by ( Mary Gilbert | ) edition.cnn.com time to read: +5 min

Brunswick County Sheriff's OfficeThe Carolina Beach Elementary School was closed and students were dismissed early after classrooms started to flood, Oakley confirmed. Sunny Point, North Carolina, picked up more than a month’s worth of rain when over 9 inches fell in just three hours. CNN WeatherAreas near the North Carolina-South Carolina border – including Wilmington, North Carolina – are under a level 3 of 4 risk of flooding rainfall Monday, according to the Weather Prediction Center. A much larger level 2 of 4 risk area encapsulates most of North Carolina and northern South Carolina. In addition to heavy rain, this system could also produce a few tornadoes in eastern North Carolina Monday.

Persons: CNN — Floodwater, “ It’s, Bruce Oakley, “ We’ve, Oakley, Ashely MacBride, Lynn Barbee, hasn’t, that’s, Debby, it’ll, Ian, Elisa Raffa, Brandon Miller Organizations: CNN, Emergency, National Weather Service, Sheriff's Office, Brunswick County Sheriff's, Carolina Beach Elementary, Police, Facebook, Carolinas, Wilmington , North Carolina –, Weather, South Carolina Locations: North Carolina, Carolina Beach, ”, Carolina, Wilmington , North Carolina, Brunswick, Brunswick County, Point , North Carolina, floodwater, Wilmington , NC, Oakley, Charleston , South Carolina, South Carolina, Charleston, Myrtle Beach, North, South

☆ Chemical toxins from food processing migrate into our bodies, study says
▼ + stars: | 2024-09-16 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +11 min

“The study also shows that food contact materials can contain mutagenic chemicals that harm our DNA, such as heavy metals,” Wagner said. Another chemical group in food packaging that has migrated into people is phthalates, the research revealed. “We’ve got, say, 60 years of research into the migration of chemicals into food from food processing and packaging equipment. “Given that there are (tens) of thousands of food contact chemicals, biomonitoring programs do not have the capacity to test for all chemicals we are potentially exposed to,” Wagner said. “However, there are also important gaps that need to be addressed as we undertake the work to strengthen our food chemical safety activities,” he said.

Persons: ”, Martin Wagner, Wagner, Jane Muncke, ” Muncke, Muncke, “, ” Wagner, “ We’ve, It’s, there’s, Melanie Benesh, you’re, ” Benesh, GRAS, Jim Jones, Benesh Organizations: CNN, Norwegian University of Science, Technology, Food Packaging, Getty, American Chemistry Council, National Institute of Environmental Health Sciences, National Academies of Sciences, Engineering, Medicine, US National Health, Canadian, Korean National Environmental Health Survey, National Health, Environmental, Food and Drug Administration, FDA, US, Committee, Energy Locations: Trondheim, Zurich, Switzerland, phthalates, PFAS, Europe, Biomonitoring California, United States

The Federal Reserve is expected to start lowering rates this week, and mortgage rates are down as a result. But will mortgage rates drop further once the Fed cuts 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. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac 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.

Persons: they've, Freddie Mac Organizations: Federal, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs Locations: Chevron

☆ Stock market today: Indexes close mixed as tech stumbles and traders brace for Fed meeting
▼ + stars: | 2024-09-16 | by ( Max Adams | ) www.businessinsider.com time to read: +3 min

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

☆ Biden becomes a top Harris surrogate as they split up on the campaign trail
▼ + stars: | 2024-09-16 | by ( Kayla Tausche | Kevin Liptak | ) edition.cnn.com time to read: +6 min

In battleground Pennsylvania, a must-win state for Harris, Biden spoke to a Philadelphia conference attended by leaders of historically Black colleges and universities. The divided ground game by the vice president and her boss-turned-top surrogate, aides say, is all part of a plan. Even watching Harris do what he failed disastrously to do during his own debate with Trump, Biden has evinced only pride in his vice president, not bitterness. In 2000, Vice President Al Gore sought distance from scandal-marred President Bill Clinton as he campaigned against George W. Bush. Biden is now one of several high profile surrogates the Harris campaign will seek to deploy.

Persons: Kamala Harris, Joe Biden, Harris, Biden, who’s, ” Biden, “, Kamala, ” Harris, “ We’ve, –, she’s, Joe ”, Harris ’, Donald Trump – Harris, “ She’s, ‘, ’, Donald Trump, ”, he’d, Trump, Al Gore, Bill Clinton, George W, Barack Obama –, Josh Shapiro, Obama, Michelle, Bill, Hillary Clinton, “ Kamala, We’ll Organizations: Washington CNN —, Democratic, Teamsters, CNN, Biden, Joint Base Andrews, Congressional Black Caucus, Phoenix, Labor, Pittsburgh, Republican, White, Trump, JW Marriott Essex House, East, Keystone State, White House Locations: Pennsylvania, Philadelphia, Russia, Pittsburgh, New York

☆ Bank of America sees rate cuts propelling gold to $3,000, and this stock is a way to play it
▼ + stars: | 2024-09-16 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Bank of America doesn't see gold's rally ending soon and thinks producer Gold Fields could benefit. A key asset for the metal producer is Chilean mine Salares Norte, which could increase growth through near-term gold production. "Salares Norte should be a highly cash generative asset and we think it could account for [about]. BofA also thinks lower Federal Reserve rates can drive gold to $3,000 by 2025. A longer-term catalyst includes Gold Fields' acquisition of Osisko Mining in August.

Persons: Gold, Jason Fairclough, Fairclough, BofA Organizations: America, Osisko Mining Locations: Chilean, Norte, Quebec

☆ Gilgo Beach killings: Prosecutors to provide new information about “Asian Doe” victim in serial killings case
▼ + stars: | 2024-09-16 | by ( Lauren Mascarenhas | ) edition.cnn.com time to read: +3 min

CNN —Prosecutors are expected to provide new information Monday about a victim referred to as “Asian Doe” in the investigation into Gilgo Beach serial killings suspect Rex Heuermann. Suffolk County District Attorney Ray Tierney said his office will present the development at a news conference after a court proceeding in Heuermann’s case. The arrest came after years of searching for the person responsible for a string of unsolved killings targeting women. At least 11 sets of human remains have been found on Long Island’s Suffolk County, including those belonging to women Heuermann is accused of killing. “This was a planning document used by Heuermann to methodically blueprint and plan out his kills with excruciating detail.

Persons: Rex Heuermann, Ray Tierney, Heuermann, Michael Brown, Melissa Barthelemy, Megan Waterman, Amber Costello, Maureen Brainard, Barnes, Jessica Taylor, Sandra Costilla, Barthelemy, Waterman, Costello, Brainard, Taylor, Costilla, Raymond Tierney, “, CNN’s John Miller, Mark Morales, Brynn Gingras Organizations: CNN — Prosecutors, Gilgo Locations: Rex Heuermann . Suffolk County, New York, Long, Long Island’s Suffolk County, Suffolk County

☆ Prices are easing, but wages still lag—here's when they're likely to catch up
▼ + stars: | 2024-09-16 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

Looking at a different measure, median real wages — wages adjusted for inflation — have barely budged, growing at just 0.8% over the last year, as of August 2024. With wage growth cooling, the gap between wages and inflation isn't expected to close until the second quarter of 2025, according to Bankrate's projections. Leisure and hospitality workers saw wage growth of 23.7%, which is above the overall average of 17.4%. In contrast, education workers have slipped further behind, with wage gains of only 13.6% over the past three years. The Fed is widely expected to announce its first interest rate cut in more than three years this week.

Persons: there's, Sarah Foster, Foster Organizations: U.S . Department of, Federal Reserve, Wage, CNBC

☆ Stock market today: Indexes trade mixed as investors look forward to major Fed decision
▼ + stars: | 2024-09-16 | by ( Max Adams | ) www.businessinsider.com time to read: +3 min

US stocks were mixed on Monday ahead of the Fed's expected rate cut later in the week. Fed fund futures show markets see odds of a 50 basis point cut as more likely than a 25 basis point move. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementUS stocks were mixed on Monday ahead of a major Federal Reserve meeting that's expected to deliver the first interest rate cut in four years. Treasury yields dipped, with the 10-year bond down about one basis point to 3.64%.

Persons: —, it's, Dan Ives, Powell, Ives Organizations: Treasury, Service, Reserve, Nasdaq, Dow Jones, Fed, Wedbush Securities, Nvidia, Broadcom, Oracle, Here's

☆ It's a big week for central banks around the world, with a slew of rate moves on the table
▼ + stars: | 2024-09-16 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

Kevin Dietsch | Getty ImagesA flurry of major central banks will hold monetary policy meetings this week, with investors bracing for interest rate moves in either direction. The U.S. central bank is widely expected to join others around the world in starting its own rate-cutting cycle. Elsewhere, Brazil's central bank is scheduled to hold its next policy meeting across Tuesday and Wednesday. Traffic outside the Central Bank of Brazil headquarters in Brasilia, Brazil, on Monday, June 17, 2024. The central bank delivered its first interest rate cut in more than four years at the start of August.

Persons: Jerome Powell, William McChesney Martin, Kevin Dietsch, John Bilton, CNBC's, Bilton, David Volpe, Volpe, 25bps, Wilson Ferrarezi, BOE, Ruben Segura Cayuela Organizations: Federal Reserves, Washington , D.C, Federal, Traders, The Bank of England, Norway's Norges Bank, South Africa's, Bank, Bank of Japan, Morgan Asset Management, European, Bank of England, ECB, Emerald Asset Management, Banco Central, TS Lombard, Central Bank of, Bloomberg, Getty, Reuters, Bank of America Locations: Washington ,, U.S, Brazil's, Brazil, Central Bank of Brazil, Brasilia, South Africa, Norway, Japan

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