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Tracking Tropical Storm Helene
  + stars: | 2024-09-24 | by ( Matthew Bloch | William B. Davis | Madison Dong | ) www.nytimes.com   time to read: +3 min
Tracking Tropical Storm Helene Leer en españolHelene was a tropical storm in the Caribbean Sea early Wednesday Eastern time, the National Hurricane Center said in its latest advisory. The tropical storm had sustained wind speeds of 60 miles per hour. By The New York TimesHelene is the eighth named storm to form in the Atlantic in 2024. In late May, the National Oceanic and Atmospheric Administration predicted that there would be 17 to 25 named storms this year, an above-normal amount. Without El Niño this year, clouds are more likely to tower to the tall heights needed to sustain a powerful cyclone.
Persons: Helene Leer, Helene, The New York Times Helene Organizations: National Hurricane Center, The New York Times, NOAA, National Oceanic, Atmospheric Administration, Hurricanes Locations: Caribbean, Fla, Fort Myers, St . Petersburg, United States
After the U.S. Federal Reserve cut interest rates by a bumper 50 basis points , investors have been left wondering whether growth or value stocks are the best bet. On CNBC's upcoming Pro Talks , Silvia Amaro will ask value investor Sean Peche where he sees opportunities in the current market. Peche is portfolio manager at the U.K.-based Ranmore Fund Management and manages its $329 million Ranmore Global Equity Fund . As of Aug. 31, the Ranmore Global Equity Fund has returned 21.6% over the last year, underperforming its benchmark MSCI World Index's 24.4%. CNBC Pro subscribers can watch Pro Talks live on Wednesday, Sept. 25, at 7 a.m.
Persons: Silvia Amaro, Sean Peche, He'll, Warren Buffett, Eli Lilly, ager, CNBC's Silvia Amaro Organizations: U.S . Federal Reserve, Ranmore Fund Management, Global Equity Fund, Investors, Ranmore, Equity, Petrobras, Baidu, ABN Amro, Ranmore Global Equity Fund, Decillion Fund Management, Orbis Investment Advisory, CNBC, Beyond Locations: Carrefour, China, U.S, London
Twice in my life, I've attempted to retire, and both times, I've been tempted back into full-time work. Both my husband and I had done very well in our jobs, so I was fortunate enough to be able to retire early. By the age of 40, I'd worked my way to the top as a financial planner. AdvertisementDuring my second attempt at retirement, I realized how much I loved working with clientsThen, I really lost my mojo for work. While this adventure was exhilarating, I ultimately realized I missed being at home near loved ones and, most of all, working with clients.
Persons: , Chris Childs, I've, I'd, We'd, wasn't, I'm, David, He'd Organizations: Service, Business, mojo Locations: Australia, Italy, France, England
With little time to prepare, Tampa General Hospital began erecting a 10-foot-high flood barrier around the facility Monday because of the chance for storm surge and shifts in the storm’s track. A tropical storm watch was raised Monday afternoon for Florida’s Dry Tortugas and part of the Keys and Monday evening for Bonita Beach to Flamingo, where a storm surge watch is also in effect. Strong, potentially damaging winds and storm surge are likely near where the system ultimately comes ashore. Hurricane and tropical storm watches are already in effect for parts of Mexico and Cuba. The “storm surge, wind, and rainfall impacts will extend well away from the center, particularly to the east of the system.
Persons: Helene, Ron DeSantis, , Idalia, Mary Gilbert Organizations: CNN, United States ’, National Hurricane Center, Nine . Florida Gov, Tampa General Hospital, NHC, National Hurricane, Carolinas, Weather, Tennessee Locations: Florida, United, Caribbean, Tampa, Bend, Gulf, Mexico, Bonita Beach, Flamingo, Florida’s Big Bend, Louisiana, Central America, Cuba, Jamaica, United States, Florida , Georgia, Alabama, Georgia, Southern
Reed’s is one of 55 families from Tennessee to California asking the U.S. government for humanitarian parole for some 70 children they’re adopting. But a State Department spokesperson told The Associated Press that other Haitian authorities overseeing the adoption process do not agree. Sherrod Brown, Marco Rubio and Rick Scott, who have written the U.S. State Department and the Department of Homeland Security on their behalf. Gangs forced the children to relocate to southwest Haiti, where their family is running low on food and other basic supplies. “We are not looking to bypass any part of the adoption process.
Persons: Esai Reed, Esai’s, Esai, hasn’t, , Michelle Reed, Haiti’s, Reed, Emmerson, , ” Stéphane Vincent, adoptees ”, Sherrod Brown, Marco Rubio, Rick Scott, William O’Neill, Diane Kunz, ” Reed, Michelle, ” Michelle, they’re, Angela, , “ It’s Organizations: JUAN, Puerto Rico —, U.S, State Department, Haitian Central, Department, Associated Press, Immigration, U.S . Department of Homeland Security, . Citizenship, Immigration Services, Sens, . State Department, Department of Homeland Security, Kenyan, New, Adoption Locations: Puerto Rico, Haiti, U.S, Caribbean, Florida, Tennessee, California, Port, Haitian, New York, ,
Cabinet secretaries came and went in a Trump administration marked by head-spinning turnover. McMaster and John Kelly, all of whom were generals before they took high-ranking positions in the Trump administration. Another post that would loom large in a Trump administration is that of secretary of homeland security. Advisers to Trump’s transition include his sons Donald Trump Jr. and Eric Trump. Trump’s transition team is assembling small teams of people who would help shepherd nominees through to Senate confirmation.
Persons: Donald Trump, Trump, , Hillary Clinton, Chris Christie, They've, , Max Stier, it’s, ” Stier, Kamala Harris, Harris, , ” Sen, Mitt Romney, ” Romney, James Mattis, John Kelly, Romney, won’t, William Barr, Jeff Sessions, Mark Esper, Marc Short, Mike Pence, Sen, Lindsey Graham, ” Graham, Marco Rubio, Bill Hagerty of, Robert O’Brien, Mike Lee, Ken Paxton, — I’m, Dick Durbin, Tom Cotton, Mike Waltz, Mike Pompeo, Thomas Homan, Homan, ” Homan, “ Trump, Howard Lutnick, Cantor Fitzgerald, Linda McMahon, Lutnick’s, McMahon, Lutnick, Donald Trump Jr, Eric Trump ., Robert F, Kennedy Jr, Tulsi Gabbard, Doug Hoelscher, Hoelscher, Lisa Murkowski, Susan Collins of, Luther Strange, Strange, Roy Moore, Moore, Doug Jones, hadn’t, , President Trump, that’s, Stier Organizations: WASHINGTON, White, Former New Jersey Gov, Trump, Public Service, Democratic, H.R, McMaster, Senate, Trump White House, Republican Sens, White House, Harris, Committee, CIA, Customs, Republican National Convention, Small Business Administration, Trump’s, America, Office, Intergovernmental Affairs, Republican, Alabama, Democrat, Brookings, Capitol Locations: Washington, R, Utah, Marco Rubio of Florida, Bill Hagerty of Tennessee, Texas, Milwaukee, Hawaii, Alaska, Susan Collins of Maine, Alabama
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's a risk of a 'bull trap' which could be similar to 2007-2008, chartist saysRon William, CIO and tactical strategist at RW Advisory, discusses the risk of a "bull trap" shares further chart analysis.
Persons: Ron William Organizations: Advisory
CNN —A Pennsylvania health care system this month agreed to pay $65 million to victims of a February 2023 ransomware attack after hackers posted nude photos of cancer patients online, according to the victims’ lawyers. Eighty percent of the $65-million settlement is set aside for victims whose nude photos were published online. The ransomware attack “was limited to the network supporting one physician practice located in Lackawanna County,” the Lehigh statement continued. A February ransomware attack on a major health insurance billing firm cut off health providers from billions of dollars and put some health clinics on the brink of bankruptcy. A full-scale ransomware attack on a health care provider has many costs aside from potential lawsuits, from rebuilding computer systems to retaining legal counsel, Henderson said.
Persons: Saltz Mongeluzzi, , Carter Groome, ” Groome, , Max Henderson, Henderson Organizations: CNN, Health, Lehigh Valley Health Network, Lehigh, Biden Locations: Pennsylvania, Lehigh, Lackawanna County
Tracking Hurricane John
  + stars: | 2024-09-23 | by ( Matthew Bloch | William B. Davis | Madison Dong | ) www.nytimes.com   time to read: +2 min
Tracking Hurricane John Leer en españolJohn was a Category 3 hurricane over Mexico Monday evening Mexico Central Time, the National Hurricane Center said in its latest advisory. The hurricane had sustained wind speeds of 120 miles per hour. Storms that form in the Atlantic or the Pacific generally move west, meaning Atlantic storms pose a greater threat to North America. Occasionally, a storm can move farther north, as Hurricane Hilary did last year, bringing damaging winds and intense rain to Southern California. Hurricane season in the Eastern Pacific began on May 15, two weeks before the Atlantic season started.
Persons: Leer, español John, The New York Times John, Hilary, Niña Organizations: Mexico Monday, National Hurricane Center, The New York Times, NOAA, Southern California ., Eastern Pacific Locations: español, Mexico, Eastern, North America, Baja California, Southern California, Southern California . Hurricane
But there is an alternative to a fire sale: They can use life insurance to foot the bill with a neat trick. Instead of owning a life insurance policy directly, they take out a policy and put it inside a trust. The irrevocable life insurance trust (ILIT) collects the death benefit, pays the tax bill, and distributes whatever is left according to the insured individual's wishes. For an ultra-rich taxpayer with a $10 million life insurance policy, using an ILIT could save $4 million in taxes. Make sure you're getting a life insurance policy that makes financial sense.
Persons: , Sam, Robert Strauss, Weinstock Manion, Dan Griffith, Griffith, Strauss, it's, ILITs, Kate Maier Organizations: Service, Business, Huntington Bank, IRS
So if you’re looking for help along the way, there are plenty of increasingly low-cost digital and human adviser options. Now they offer a much wider array of services and financial planning tools. Many also offer hybrid solutions: automated portfolio management plus access to human advisers who can help with your more holistic financial planning needs. To figure out if a robo-advisor might be a good fit for you, here are some things to consider:Preference: Digital first or human first? “Perspective, judgment and coaching — talking through something and addressing fears and concerns, such as managing (a client’s) reaction to short-term (market) volatility,” said Paul Brahim, president-elect of the Financial Planning Association and managing director of the Wealth Enhancement Group.
Persons: It’s, , Paul Brahim, ” Brahim, Brian Concannon, , ” Concannon, you’re, , Ben Johnson, Morningstar’s, it’s, Johnson, Schwab Organizations: CNN, Financial, Association, Vanguard, Vanguard Digital, Fidelity
"That's what gets them to a market cap big enough to be of interest. The resulting portfolio is effectively a small cap value fund with upside. Illiquid deletions "Deletions tend to be thinly traded, small cap, illiquid. To be sure, the strategy doesn't work for every stock that falls out of a large cap index. That's roughly the picture we have for deletions," Arnott said.
Persons: Rob Arnott, Stocks, they've, Arnott, Russell, NIXT Organizations: Airlines, Rad Laboratories, Research, American Airlines, Architects
Pagers, devices that are used every day as a crucial form of communication for health care professionals, became a deadly weapon Tuesday as thousands of them simultaneously exploded in Lebanon, killing 37 people and injuring thousands. The explosions targeted the militant and political group Hezbollah, after the devices had reportedly begun beeping and heating up. Pagers are wireless communication devices that receive radio signals from short- or long-range paging networks. The pagers that exploded in Lebanon were made to appear as if they were Gold Apollo’s AR-924 pagers, but The New York Times reported that they were actually created by Israeli intelligence workers. Following the explosions on Tuesday, Hezbollah told Al Jazeera that the “treacherous and criminal enemy will certainly be punished for this aggressive act.”How did the pagers explode?
Persons: Al Jazeera, ” Israel, Mohamed Azakir, Amer Al Sabaileh, Matthew Pines, ” “, John Brennan, ” Brennan, Muhammad Mahdi, Firas Abiad, Mojtaba Amani Organizations: Hezbollah, New York Times, Consulting KFT, Consulting, NBC News, , American University of, American University of Beirut Medical Center, Strategic Advisory, CIA, National News Agency, Lebanese, Cross, American University of Beirut Medical Locations: Lebanon, Israel, Hungarian, Hungary, American University of Beirut, Syria
Whooping cough cases climbing for decadesAs with many infectious diseases, cases of whooping cough dropped to unusually low levels during the pandemic as people limited social interactions and took other precautions to defend against Covid-19. In 2020, the US had about 6,000 cases of pertussis, and that number dropped even further in 2021 to roughly 2,000 cases. Whooping cough starts with symptoms that look a lot like a regular cold: a runny nose, sneezing, a low-grade fever and a tickly cough. That’s led to a hunt for better, more durable immunizations against whooping cough that also don’t cause as many side effects. In some ways, whooping cough is an ideal infection to test in human challenge models.
Persons: , Susan Hariri, Archana Chatterjee, Chatterjee, they’re, it’s, pertussis –, Hariri, Tod Merkel, Merkel, It’s, That’s, Dr, Sanjay Gupta, Melinda Wharton Organizations: CNN, US Centers for Disease Control, CDC’s National Center, Food and Drug Administration, Chicago Medical School, Products Advisory, Covid, FDA’s, Vaccines Research, Regulators, CNN Health, FDA, National Center Locations: United States, Canada
Read previewThis as-told-to essay is based on a transcribed conversation with Armand Arton, 47, president of Arton Capital, a financial advisory firm, about golden visas and passports. We advise them about golden visas and golden passports — government programs that offer residency or citizenship rights to foreign investors. AdvertisementDuring the COVID-19 pandemic, many American investors couldn't enter Europe, so they are now looking for residency programs in European countries. After this year's elections in France and the UK, we're also seeing millionaires in those countries looking to relocate. I'd advise wealthy migrants to get in on programs sooner rather than laterThe number of applicants for golden visas increases every year.
Persons: , Armand Arton, couldn't, we're, haven't, I've, It's, Brexit, We've, who've, Irma, Maria, it's, I'd Organizations: Service, Arton, Arton Capital, Business, Caribbean Locations: Europe, France, Hungary, Portugal, Spain, Property, Greece, Italy, England, Germany, UAE, Antigua, Barbuda, Bulgaria, Ireland
AP —The hidden figures of the space race were recognized with Congress’ highest honor at a medal ceremony on Wednesday. The Congressional Gold Medal was presented to the families of Katherine Johnson, Dorothy Vaughan, Mary Jackson and Christine Darden at the US Capitol. The Black women hired worked in a segregated unit of female mathematicians at what is now NASA’s Langley Research Center in Virginia. She was awarded the Presidential Medal of Freedom in 2015 – the nation’s highest civilian honor. Vaughan rose to become NASA’s first Black supervisor and Jackson was NASA’s first Black female engineer.
Persons: Katherine Johnson, Dorothy Vaughan, Mary Jackson, Christine Darden, , Margot Lee Shetterly, Hakeem Jeffries, Mike Johnson, Wanda Jackson, Andrew Harnik, NASA –, John Glenn, Vaughan, NASA’s, Jackson, Darden Organizations: Capitol, Darden, Advisory Committee, Aeronautics –, NASA, Langley Research Locations: Connecticut, U.S, Langley, Virginia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHousing will be 'the most important issue over the next several years,' says Meredith Whitney CEOMeredith Whitney, founder and CEO of Meredith Whitney Advisory Group, joins CNBC’s ‘Money Movers’ to discuss how the recent rate cut could impact home sales, the future of home prices and mortgages, and more.
Persons: Meredith Whitney, Organizations: Meredith Whitney Advisory
As of June, the botnet included over 260,000 hacked devices from all over the world, from North and South America to Australia, according to US officials. Those hacked devices ranged from webcams to DVRs to routers, and about half of them were located in the US, according to Wray. That Chinese hacking unit is preparing to “wreak havoc and cause real-world harm” to the US, Wray told Congress in January. Lumen researchers are watching for signs that the Chinese hackers will resurrect the botnet. A Chinese company named Integrity Technology Group managed the botnet for the last three years, according to US officials.
Persons: Christopher Wray, ” Wray, Wray, , , Lumen, ” Danny Adamitis, Dakota Cary Organizations: CNN, FBI, Aspen Cyber, US, Embassy, Lumen Technologies, Lotus Labs, Integrity Technology Group Locations: Washington ,, Australia, Canada, New Zealand, United Kingdom, North, South America, Washington, China, Taiwan, California, United States, Dakota
The Club has stayed with Morgan Stanley on expectations that its investment banking outfit will flourish again. At Wells Fargo , the Club's other financial name, lower rates should help its burgeoning investment banking business. Wells Fargo shares year-to-date have performed better than Morgan Stanley, gaining 11%. WFC YTD mountain Wells Fargo (WFC) year-to-date performance The Corporate and Investment Banking division makes up 23% of overall revenue. To be sure, Wells Fargo management said during July's second-quarter earnings call that the bank will continue to de-risk its office portfolio.
Persons: Banks, Erica Groshen, Morgan Stanley, Morgan, Jim Cramer, Jim, Goldman Sachs, Charlie Scharf, Wells, July's, Jim Cramer's, Jerome Powell, William McChesney Martin, Chip Somodevilla Organizations: Federal Reserve, New York Fed, CNBC, Cornell University, Fed, Investment, Morgan Stanley's Institutional Securities, Morgan Stanley's, Wells, Investment Banking, CIB, Federal Reserve Bank, Getty Locations: Wells Fargo, Wells, Washington ,
CNN —United Nations members voted overwhelmingly on Wednesday to demand that Israel end its occupation of Palestinian territories within 12 months. Fourteen countries voted against, including the United States, Hungary, Israel, Argentina, Czechia, Fiji, Malawi, Micronesia, Nauru, Palau, Papua New Guinea, Paraguay, Tonga, and Tuvalu. In its advisory opinion, the ICJ said Israel should end its occupation “as rapidly as possible.” The UN’s resolution gives a 12-month timeline. During the 1967 war, Israel captured the West Bank, East Jerusalem, the Gaza Strip and the Golan heights from neighboring Arab states. The Palestinians want the West Bank and Gaza for a future state, with East Jerusalem as its capital.
Persons: Riyad Mansour, Danny Danon, Benjamin Netanyahu, Mahmoud Abbas, ” Louis Charbonneau, Israel, , Agnes Callamard Organizations: CNN — United Nations, UN, International Court of Justice, West Bank, Assembly, Palestinian, Human Rights Watch, HRW, Amnesty International Locations: Israel, United States, Hungary, Argentina, Czechia, Fiji, Malawi, Micronesia, Nauru, Palau, Papua New Guinea, Paraguay, Tonga, Tuvalu, East Jerusalem, Palestinian, Palestine, New York, UN, Gaza, Jerusalem
The National Hurricane Center calls it Potential Tropical Cyclone 8 and said in forecast updates that the front will weaken as it travels over terrain overnight. Similar volunteer weather stations at other coastal locations, including at Military Ocean Terminal Sunny Point in Southport, reported more than 14 inches of rain, the weather service said. A National Weather Service forecaster said that it was too soon to say whether the amounts were record breakers but that the weather service office in Wilmington is likely to have that answer late Tuesday morning. A flash flood event was confirmed in the community of Kelly, about 38 miles inland from Wilmington, the weather service said. The disturbance was 45 miles west of Cape Fear and traveling north-northwest at 7 mph, the National Hurricane Center said in its latest advisory.
Persons: Roy Cooper’s, Cooper Organizations: ., National Hurricane Center, Weather Service, Carolina, Gov, National Weather Service, North Carolina Transportation Department, Cherry Branch, Emergency, Center, Atmospheric Administration, Carolinas, NBC News, Federal, NBC Locations: North Carolina, Carolina Beach, Wilmington, Southport, New Hanover County, Kelly, Brunswick County, Leland, Isle, Swansboro, Cape Carteret, Cedar, Minnesott, Bayview, Aurora, Sampson, Duplin, Brunswick, New Hanover, Onslow, Pender, Cape Fear, Cape Hatteras, , Virginia, West Virginia, Maryland, Pennsylvania, Delaware , New Jersey, New York
During his tenure as CEO, Grove transformed the chip company into a giant of Silicon Valley that, during the 1990s, was as important to the PC market as Microsoft. Pat Gelsinger, who has led Intel as CEO since 2021, has enacted a sweeping set of new initiatives to turn the chip company around. Its Gaudi 3 AI chip, unveiled as a rival to offerings from Nvidia and AMD, is expected to generate just $500 million in sales this year. Meanwhile, Alvin Nguyen, senior analyst at Forrester, told Business Insider that this is a big public win for Intel. Gelsinger's second headline announcement was that the company is establishing Intel Foundry as a separate subsidiary within Intel, with its own new operating board and independent directors.
Persons: , Andrew Grove, he'd, Grove, Grove —, Pat Gelsinger, Gordon Moore, Gelsinger, HWA CHENG, Patrick Moorhead, Moorhead, Alvin Nguyen, Forrester, Gelsinger's, It's, Forrester's Nguyen, Bernstein Organizations: Service, Microsoft, Intel, Business, Nvidia, Gaudi, AMD, Revenue, HWA, Getty, Amazon Web Services, Intel Foundry, Reuters Locations: Silicon, Japan, Moore's, AFP, Poland, Germany, Arizona , Oregon, New Mexico, Ohio
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump's apparent assassination attempt will not have an impact on the polls, advisory firm saysLew Lukens, senior partner at Signum Global Advisors, discusses an apparent assassination attempt on former President Donald Trump and what it means for the U.S. elections.
Persons: Lew Lukens, Donald Trump Organizations: Signum Global Advisors
Artificial intelligence is expected to transform the way companies do business, including those in financial planning and investment management. That means financial advisors need to get onboard or risk being left behind. Of course, financial advisors have been using some technology, like financial planning software, for years. Still, AI will help financial advisors do their jobs better — not necessarily put them out of work. What to do Nexus Strategy's Welsh believes financial advisors should begin getting comfortable with current AI capabilities.
Persons: Craig Iskowitz, Anthropic's Claude, Vincent Gudsdorf, Leo Kelly, Verdence, Kelly, Timothy Welsh, Welsh, Iskowitz, That's, Verdence's Kelly, It's Organizations: Ezra Group, AIs
Instagram will automatically apply the new “teen accounts” settings to all users under the age of 18. The revision will allow teen users to receive messages only from people they are already connected to. The shift limits the types of “sensitive” content teens can see on their Explore page and in Reels, such as posts promoting cosmetic procedures. Teen users will also receive time limit reminders nudging them to leave after spending 1 hour on the app each day. The company says it is implementing artificial intelligence technology that will aim to identify teen accounts that may have wrongly listed an adult birthdate.
Persons: Instagram, , ramped, Arturo Bejar, Mark Zuckerberg, Zuckerberg, Meta, Organizations: New, New York CNN, Tuesday, Meta, Teen, Advisory Locations: New York, United States, United Kingdom, Canada, Australia
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