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☆ Rare Israeli airstrike in Beirut kills Hezbollah commander and more than a dozen others
▼ + stars: | 2024-09-21 | by ( ) www.cnbc.com time to read: +8 min

Israel launched a rare airstrike that killed a senior Hezbollah military official in a densely populated southern Beirut neighborhood on Friday. The Israeli military did not provide the identities of the other Hezbollah commanders allegedly killed in its strike on the crowded neighborhood just kilometers from downtown Beirut. Israel and Hezbollah have traded fire regularly since Hamas' Oct. 7 assault on southern Israel ignited the Israeli military's devastating offensive in Gaza. The last time Israel hit Beirut was in a July airstrike that killed senior Hezbollah commander Fouad Shukur. After Friday's Israeli airstrike, Hezbollah announced attacks on northern Israel, two of which it said targeted an intelligence base from where it claimed Israel directed assassinations.

Persons: Daniel Hagari, Ibrahim Akil, Yoav Gallant, Akil, Hassan Nasrallah, —, Hussein Harake, Gallant, Israel, pagers, Fouad Shukur, Hagari, Nasrallah Organizations: American University of, American University of Beirut Medical Center, Hezbollah, Radwan Force, Israeli, Jihad, U.S, Embassy, U.S . Marine Corps, U.S . State Department, Lebanon's Health, Beirut's St, Therese Hospital, Gaza, Health Ministry Locations: American University of Beirut, Lebanon, Israel, Beirut, Dahiya, Lebanese, United States, Beirut's, Therese, Gaza, Israel's, Hamas, Gaza City

☆ Apple iPhones aren't coming with AI software. Here's why it doesn't matter.
▼ + stars: | 2024-09-21 | by ( Lloyd Lee | Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

Apple Intelligence, the AI feature analysts believe will spark a consumer rush to update their iPhones, Business Insider previously reported, was not installed in the new iPhones straight out of the box. AdvertisementDespite the lines, the data shows that preorder sales took a hit this year — possibly due to the absence of Apple Intelligence. The average global shipping time for the iPhone 16 was 7 days compared to 9 days for the iPhone 15. Shipping times for the 16 Pro Max were 11 days compared to 19 days for the 15 Pro Max. The level of draw Apple Intelligence will have on customers is also in question.

Persons: —, Siri, Ron Witt, Witt, It's, Saul Campos, Campos, Tim Cook, it's, Mark Gurman, Chi Kuo, Kuo, Max, Gil Luria, Davidson, Techradar, Apple Organizations: Service, Apple, Apple Intelligence, Business, Apple's, CNBC, Reuters, Shipping, D.A, Consumer Intelligence Research Partners Locations: San Francisco, New York, Manhattan

☆ Starbucks' system to make ordering better isn't the solution the company hoped for, an employee says
▼ + stars: | 2024-09-21 | by ( Alex Bitter | ) www.businessinsider.com time to read: +7 min

But one employee — or "partner," as Starbucks calls them — at a store that adopted the Siren Craft System earlier this year told Business Insider that the system isn't as effective as Starbucks has portrayed. The Siren Craft System is supposed to free up time that partners can devote to customer service and improving their coffee-making skills, Starbucks said in July. "Unless it's insanely slow, there's no time at any time of day to practice latte art or make samples for customers," the employee who has used the Siren Craft System said. The Siren Craft System is just Starbucks' latest effort to shorten wait times and improve operations at its stores. But now, the Siren System reserves one blender for frappuccinos and the other for Refreshers.

Persons: —, baristas, Laxman Narasimhan, Brian Niccol, Niccol, we've, Thomas Organizations: Service, Starbucks, Business, BI, Siren, System, Siren System Locations: Plano , Texas

☆ ‘The Boyfriend,’ Japan’s first same-sex reality show, hopes to normalize LGBTQ romance in the country
▼ + stars: | 2024-09-20 | by ( ) www.nbcnews.com time to read: +6 min

The untroubled July arrival of the country’s first same-sex dating reality show, “The Boyfriend,” on streamer Netflix, may be another sign that normalization of queerness in Japan is on the way. “It’s no different from the familiar reality shows we’ve seen before. The only thing that felt odd or questionable was that, while there have been plenty of heterosexual reality shows, there have been so few featuring same-sex couples, and none in Japan,” casting director Taiki told Variety. The commentators included central host Megumi, an entertainer; drag queen Durian Lollobrigida; Tokui Yoshimi, a veteran of previous reality shows including “Terrace House”; Horan Chiaki; and style diva Thelma Aoyama. “As this was Japan’s first romance reality show featuring male same-sex relationships, it was crucial to have someone from that community in the studio,” Lollobrigida told Variety.

Persons: “, we’ve, ”, Taiki, Dai, Shun, Taehon, inoffensively, Roche, Kimura Hana, Hishida Keisuke, Ota Dai, Durian Lollobrigida, Tokui, Horan Chiaki, Thelma Aoyama, ” Lollobrigida, …, Kitano Takeshi, they’re, ’ Organizations: Netflix, New York Times, Fuji Television, Kyodo Television, Netflix Japan, “, Tokyo Locations: Japan, East Asia, Shinjuku Ni, “ Terrace

☆ What lower rates mean for markets
▼ + stars: | 2024-09-20 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

The Fed on Wednesday lowered interest rates, marking the first rate cut since March 2020. A decline in interest rates should, theoretically, mean good news for the stock market. The Fed likely won’t take rates lower as aggressively as they were raised, unless the economy takes a downturn and necessitates loose economic conditions. While mortgage rates and bond yields have begun drifting lower, companies and consumers still might not feel the effects of lower rates right away. But investors with outsized positions in Big Tech stocks should eye beaten-down areas of the market that benefit from lower interest rates, says Diton.

Persons: Dow, Jerome Powell, ”, Jeff Buchbinder, Powell, Eric Diton Organizations: New, New York CNN, Federal, Fed, Nasdaq, LPL, Wealth Alliance, Tech, Meta, Apple, Big Locations: New York, Big Tech

☆ BOJ likely to hike rates in January, economist says
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBOJ likely to hike rates in January, economist saysKazuo Momma, executive economist at Mizuho Research & Technologies, explains why the Bank of Japan has "no reason" to "rush" into a rate-hiking cycle and will likely be "patient" until January.

Persons: Kazuo Momma Organizations: Mizuho Research & Technologies, Bank of Japan

☆ BOE doesn't share the Fed's urgency: MUFG
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBOE doesn't share the Fed's urgency: MUFGHenry Cook, senior Europe economist at MUFG, says the Bank of England is in no rush to front-load its policy easing path, highlighting key areas of concern compared to the Fed & the US economy.

Persons: BOE, Henry Cook Organizations: Bank of England, Fed Locations: Europe

☆ Diving in the Titan ‘was never supposed to be safe,’ mission specialist says of the experimental submersible
▼ + stars: | 2024-09-20 | by ( Alaa Elassar | Graham Hurley | ) edition.cnn.com time to read: +6 min

CNN —Four days of hearings on the 2023 implosion of the Titan submersible which killed all five people on board concluded this week with more damning testimony recounting multiple safety incidents over the years. Lahey said he saw the Titan in March 2019 while in the Bahamas and was “not impressed,” and told OceanGate staff members how he felt about it. I saw evidence where they were crimping cables to hold on weights, it just looked amateurish in its execution,” he said. “Anyone that felt safe going to depths in the Titan was deluded or delusional, it was an experimental vessel, it was clear that it was dangerous,” said Hagen. David Lochridge, a former director of marine operations for OceanGate who expressed safety concerns about the ill-fated Titan submersible, said during his testimony earlier this week the Titan tragedy could have been prevented if US safety authorities had investigated his complaints.

Persons: Patrick Lahey, Lahey, “, ”, OceanGate, ” OceanGate, Rush, ” Fred Hagan, Corey Connor, ” Lahey, Fred Hagen, Hagen, Antonella Wilby, Wilby, that’s, ” Steven Ross, Ross, OceanGate . Rush, David Lochridge, ” Lochridge Organizations: CNN, Titan, Triton, Triton Submarines, Stockton Rush, imploding, Marine Technology Society, MTS, OSHA Locations: Bahamas, North Charleston , South Carolina

He accused Aqil and the commanders of planning to raid and occupy communities in Galilee in northern Israel. A photo taken in southern Beirut shows the remains of an exploded pager on Tuesday. Friday’s airstrike was the third Israeli airstrike on Beirut since hostilities began last year, after Hamas’ October 7 attack on Israel. In January, an Israeli airstrike killed Saleh Al-Arouri, deputy head of Hamas’ military wing, who had been living in Beirut. In July, a second Israeli strike on Beirut killed Hezbollah’s most senior military official, Fu’ad Shukr.

Persons: Lebanon CNN —, Ibrahim Aqil, Daniel Hagari, Aqil, Hagari, Witnesses, Friday’s, Hassan Nasrallah, Yoav Gallant, Shin, Gallant, Nasrallah, Israel, Saleh Al, Arouri, Hezbollah’s, Fu’ad Shukr, Benjamin Netanyahu’s Organizations: Lebanon CNN, Radwan Force, Israel Defense Forces, CNN, West Bank, Getty, Israel, US State Department, REUTERS, Hamas, CNN’s Locations: Beirut, Lebanon, Galilee, Israel, United States, Gaza, AFP

☆ Galaxy Gas: What it is, the risks and more
▼ + stars: | 2024-09-20 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

CNN —For some young people, a popular method for getting a quick high is by misusing laughing gas — and lately, that’s in the form of nitrous oxide from products sold by the company Galaxy Gas. (It’s worth noting that some social media videos tagged “Galaxy Gas” depict nitrous oxide products from other brands.) The unlawful misuse of nitrous oxide products poses serious health hazards, said a Galaxy Gas spokesperson in a statement. “Galaxy Gas products are for responsible culinary use only, and we are deeply concerned about the recent news reports and social media posts of individuals illegally misusing our products,” the company spokesperson added. Other risks include brain damage, anemia, nerve damage, paralysis, vitamin B12 deficiency and nitrous oxide dependency.

Persons: Gail Saltz, Saltz, ” TikTok, ” Saltz, “ It’s, it’s, “ Organizations: CNN, company Galaxy Gas, Weill Cornell Medical College, Cornell University, Presbyterian, Gas, Galaxy Gas Locations: Atlanta, New York, United States, United Kingdom, Britain —, Netherlands

☆ Why rate cuts could actually slow the economy instead of sparking growth
▼ + stars: | 2024-09-19 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

The consensus view is that lower rates will stave off a recession by stimulating economic growth through lower borrowing costs. The hidden danger of a double cutHowever, David Kelly of JPMorgan Asset Management warned that lower rates aren't an economic panacea. In fact, the chief global strategist thinks these cuts could, paradoxically, cause the economy to slow in the near term. Advertisement"The important thing to recognize is that cutting interest rates at the start doesn't stimulate the economy at all," Kelly said on CNBC. "There is a J-curve effect; it actually slows the economy because people begin to anticipate those lower rates, so they want to wait for lower rates."

Persons: —, Jim Caron, Claudia Sahm, Jerome Powell, Sahm, Ronald Temple, Kevin Philip of, David Kelly, Kelly, what's, you've, Kelly isn't, it's, they've Organizations: Service, Federal, Business, Fed, Dow Jones, Morgan Stanley Investment Management, CNBC, New Century Advisors, Lazard, Kevin Philip of Bel Air Investment Advisors, JPMorgan Asset Management

☆ Trump faces a $2 billion decision over his social media empire
▼ + stars: | 2024-09-19 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

The restraints preventing former President Donald Trump from selling shares in his social media company are set to expire as soon as Thursday afternoon. This will free Trump – and other insiders at Trump Media & Technology Group – to sell shares in the controversial company that owns Truth Social if they wish. It’s a major moment for Trump Media, whose share price has fallen dramatically since going public in March. No, I love it.” Those comments sent Trump Media’s share price skyrocketing, for a few hours at least. Lock-up restrictions like the ones facing Trump are typical in deals like the one that brought Trump Media public last spring.

Persons: Donald Trump, It’s, Trump, ”, Michael Stegemoller, ” ‘, ’, Steve Jobs, I’m, ” Trump, – Andy Litinsky, Wes Moss –, Moss, –, Carl Icahn, Icahn, Xavier Kowalski, Schulte Roth, Zabel, “ Organizations: Washington CNN, Trump, Trump Media & Technology, Trump Media, Baylor University, “, ’ Trump Media, Apple, Securities, Exchange Commission, Trump Media’s, NBC, CNN, SEC, University of Florida

☆ Titan submersible malfunctioned days prior to the fatal dive, former scientific director testifies
▼ + stars: | 2024-09-19 | by ( Alaa Elassar | Graham Hurley | ) edition.cnn.com time to read: +2 min

CNN —A former OceanGate scientific director said the Titan submersible suffered a malfunction six days before imploding in June 2023, killing all five people on board. The dive was aborted because, upon resurfacing, a platform malfunction caused by an issue with the variable ballast tank, which controlled the submersible’s buoyancy, caused the platform to invert to 45 degrees with the back bow facing upward. Because the platform malfunction took considerable time to correct, the dive was aborted and they returned to the surface to fix the issue. He said he knew the Titan submersible had not been inspected by the United States Coast Guard in 2021, 2022 or 2023. Ross also mentioned two incidents during the 2022 Titanic expedition dives, including a loud bang heard while surfacing in Dive 80.

Persons: CNN —, Steven Ross, ” Ross, Rush, Ross, could’ve, Scott Griffith, Griffith Organizations: CNN, Titan, imploding, Stockton Rush, United States Coast Guard

☆ Federal Reserve Cuts Interest Rates for the First Time in Four Years
▼ + stars: | 2024-09-18 | by ( The New York Times | ) www.nytimes.com time to read: 1 min

Today, the Federal Open Market Committee decided to reduce the degree of policy restraint by lowering our policy interest rate by a half percentage point. Inflation is now much closer to our objective, and we have gained greater confidence that inflation is moving sustainably toward 2 percent. We’re going to take it meeting by meeting. As I mentioned, there’s no sense that the committee feels it’s in a rush to do this. We made a good, strong start to this, and that’s really, frankly, a sign of our confidence — confidence that inflation is coming down.

Persons: that’s Organizations: Federal, Market

☆ The Fed forecasts lowering rates by another half point before the year is out
▼ + stars: | 2024-09-18 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., July 31, 2024. The Federal Reserve projected lowering interest rates by another half point before the end of 2024, and the central bank has two more policy meetings to do so. Through 2025, the central bank forecasts interest rates landing at 3.4%, indicating another full percentage point in cuts. Through 2026, rates are expected to fall to 2.9% with another half-point reduction. The central bank lowered the federal funds rate to a range between 4.75%-5% on Wednesday, its first rate cut since the early days of the Covid pandemic.

Persons: Jerome Powell Organizations: Federal, Committee, Federal Reserve Locations: Washington , U.S

☆ Amazon calls workers back 5 days a week—other companies may be 'right behind them,' expert says
▼ + stars: | 2024-09-18 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

The decision marks a significant shift from Amazon's earlier policy, which required employees to badge in three days a week. Following the announcement, anxious workers have flooded LinkedIn and X feeds with posts wondering if their companies would be next to get rid of flexible work arrangements. Just one-third (33%) of U.S. companies require employees to come to the office five days a week, according to recent data from Flex Index, a platform that tracks companies' flexible work policies. Under 10% of tech companies with more than 1,000 employees have such a requirement. "We might see other smaller tech companies follow Amazon's lead, but most will continue sticking to some kind of hybrid arrangement," he says.

Persons: Andy Jassy, Jassy, we've, Dan Kaplan, haven't, Brian Elliott, hasn't, Kaplan, Elliott, we'll Organizations: Amazon.com Inc, Amazon, Citigroup, Walmart, UPS, Kastle Systems, Flex, Workers, Employees Locations: Seattle , Washington, lockstep, U.S

And yet an unusual air of uncertainty overhangs this week's meeting: It’s unclear just how large the Fed’s rate cut will be. Wall Street traders and some economists foresee a growing likelihood that the central bank will announce a larger-than-usual half-point cut. Many analysts foresee a more typical quarter-point rate cut. This week's move is expected to be only the first in a series of Fed rate cuts that will extend into 2025. Over time, Fed rate cuts should lower borrowing costs for mortgages, auto loans and credit cards, as well as for business loans.

Persons: Donald Trump's, Kamala Harris, Jerome Powell, —, Powell, Jackson, Freddie Mac Organizations: WASHINGTON, —, Federal Reserve, Wall Street, Companies, Associated Press Locations: Jackson Hole , Wyoming

OceanGate CEO Stockton Rush, left, and pilot Randy Holt dive in the company's submersible Antipodes in 2013. But Rush still had him inspect the Titan as it was nearing completion in early 2018, Lochridge said. The five people killed when the Titan submersible imploded in June 2023, clockwise from top left: Hamish Harding, Paul-Henri Nargeolet, Stockton Rush, and Suleman and Shahzada Dawood. Lochridge testified Tuesday that he told Rush he shouldn't be in charge of that trip, but the CEO was adamant. (The submersible had gained attention when it was unveiled the previous year because it used a PlayStation controller for piloting.)

Persons: David Lochridge, OceanGate, Lochridge, Rush, Randy Holt, Wilfredo Lee, Andrea Doria, Stockton, Hamish Harding, Paul, Henri Nargeolet, Shahzada Dawood, Dawood, Tony Nissen, Nissen, —, shouldn't Organizations: Stockton Rush, U.S . Coast Guard, Coast Guard's Marine Board, Justice Department, Titan, Getty, LinkedIn, Coast Guard, Rush, PlayStation, Occupational Safety, Health Administration, OceanGate Locations: U.S, Washington, South Carolina, Scotland, Massachusetts

☆ Pink, peacock-populated, possibly possessed Pakistani palace
▼ + stars: | 2024-09-17 | by ( Associated Press | ) edition.cnn.com time to read: +5 min

AP —Stained glass windows, a sweeping staircase and embellished interiors make Mohatta Palace a gem in Karachi, a Pakistani megacity of 20 million people. The palace sits on prime real estate in the desirable neighborhood of Old Clifton, among mansions, businesses and upmarket restaurants. The land under buildings like the Mohatta Palace is widely coveted, said palace lawyer Faisal Siddiqi. Mohatta Palace is a symbol of that diversity. “I’m from Bahawalpur (in Punjab, India) where we have the Noor Mahal palace, so I wanted to look at this one.

Persons: there’s, Faisal Siddiqi, Heba Hashmi, Shivratan Mohatta, Fatima Jinnah, Pakistan’s, Shirin, Nasreen Askari, ”, “, don’t, Ahmed Tariq, “ I’m, It’s, Askari, ” Hashmi Organizations: Foreign Ministry Locations: Karachi, Pakistani, Rajasthan, Old Clifton, Lahore, Mughal, ”, Mohatta, Jodhpur, India, Pakistan, Bahawalpur, Punjab, It’s

Aaron Dyer, an attorney for Combs, had described the searches in March as a “gross overuse of military-level force.”Authorities walk near a property belonging to Sean "Diddy" Combs in Los Angeles on March 25. Jones alleged that Combs was attempting to groom him into having a sexual relationship with him. Paul was named as an employee of Combs’ in Jones’ suit, which described him as someone who acquires and distributes drugs and guns on Combs’ behalf. The assault is alleged to have occurred days before Sean Combs hosted a New Year’s Eve yacht party with celebrity guests. Combs' attorney Marc Agnifilo said his client was the subject of "what we believe is an unjust prosecution."

Persons: Sean “ Diddy ” Combs, Combs, Damian Williams, Aaron Dyer, Sean, Diddy, Eric Thayer, Cassie, ”, Casandra Ventura, Joi Dickerson, Neal, Dickerson, Jan, “, Liza Gardner, Gardner, Aaron Hall, Gardner “, Jane Doe, Harve Pierre, Angela Weiss, Pierre, Doe, Rodney Jones, Rodney “, Rod ” Jones, ” Jones, Jones, Giorgio Viera, Brendan Paul, Jones ’, Dyer, Combs “, there’s, ” Dyer, “ Mr, ” Brendan Paul, Paul, Brian Bieber, Christian Combs, Grace O’Marcaigh, Sean Combs, O'Marcaigh, ” Combs, I’m, ” Meredith Firetog, ” Firetog, ‘, ’, Danity Kane, Dawn Richard, Kane, Richard, Marc Agnifilo, Agnifilo Organizations: Southern, of, Federal, U.S, NBC News, New York, Syracuse University, MCA Records, NBC, Getty, U.S ., Homeland Security Investigations, Officials, Dade, Homeland Security, CNN, MTV Locations: New York City, U.S, of New York, Manhattan, New York, Los Angeles, New, Harlem, Detroit, Michigan, Florida, Los Angeles and New York, U.S . Virgin Islands, Miami Beach, Angeles, Miami, Bahamas, Court

☆ The last 2 messages the Titan submersible's passengers sent before the vessel imploded
▼ + stars: | 2024-09-17 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

Shortly before the message, the Polar Prince sent the submersible several messages over the course of 12 minutes, asking if it could see the support vessel on its display, but the Titan did not respond. AdvertisementWhen it finally responded about four minutes later, the Polar Prince sent the message, "I need better comms from you," to which Titan responded, "Yes." The last message that the Titan sent to the Polar Prince was "dropped 2 wts," per the animation. The animation showed that the Titan lost contact with the Polar Prince at 10:47 a.m. Related storiesThe hearing takes place more than a year after the Titan submersible set off to explore the wreckage of the RMS Titanic, nearly 13,000 feet underwater.

Persons: —, Polar Prince, Tony Nissen, Bonnie Carl, David Lochridge, OceanGate, Hamish Harding, Shahzada Dawood, Suleman, Paul, Henri Nargeolet Organizations: Service, Titan, Coast Guard Marine Board of, Coast Guard, Business, Polar, CNN, Stockton Rush Locations: Newfoundland, North Charleston , South Carolina, British

☆ Google just stepped up its AI fight with Apple
▼ + stars: | 2024-09-17 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

Tech giants are in an AI arms race, with rapid-fire announcements driving market interest. Go to newsletter preferences Thanks for signing up! AdvertisementGoogle just made Gemini Live free less than a week after Apple announced its first artificial intelligence iPhone. The AI arms race isn't slowing down as tech giants rush to introduce their innovations to the public. Although Apple lagged behind competitors with Apple Intelligence, the new AI-forward iPhone has been the talk of the industry for weeks.

Persons: — Organizations: Google, Tech, Service, Apple, Apple Intelligence, Business

☆ The Fed's biggest interest rate call in years happens Wednesday. Here's what to expect
▼ + stars: | 2024-09-17 | by ( Jeff Cox | ) www.cnbc.com time to read: +7 min

The meeting wraps up Wednesday afternoon, with the release of the Fed's rate decision coming at 2 p.m. "I hope they cut 50 basis points, but I suspect they'll cut 25. Here's a breakdown of what's on tap:The rate waitThe FOMC has been holding its benchmark fed funds rate in a range between 5.25%-5.5% since it last hiked in July 2023. The 'dot plot'Perhaps just as important as the rate cut will be the signals meeting participants send about where they expect rates to go from here. In June, FOMC members penciled in just one rate cut through the end of the year.

Persons: Jerome Powell, William McChesney Martin Jr, Andrew Harnik, they'll, Mark Zandi, that's, Tom Simons, Zandi, Robert Kaplan, There'll, Seema Shah, FOMC, Moody's, Goldman Sachs, Powell presser, Goldman, Simons Organizations: Federal Reserve, Committee, Moody's, Wall, Jefferies, Dallas Fed, CNBC, Asset Management Locations: Washington , DC

☆ Bitcoin is surging on hopes rate cuts will drive a speculative rush
▼ + stars: | 2024-09-17 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The rise comes amid anticipation that the Fed will deliver a half-point rate cut. Investors are anticipating the Federal Reserve's long-awaited rate cut tomorrow, which will be announced at the end of the central bank's two-day policy meeting. Regardless of the size of the cut, investors buying up bitcoin are anticipating the looser lending conditions will lead to more speculative behavior. We could be seeing a recovery of investors' appetite for risk-on assets like crypto, instigating more flows into Bitcoin spot ETFs," said Leena ElDeeb, a research analyst at 21Shares. Seasonal factors weakened the spot bitcoin ETF inflows this summer while deteriorating macro conditions drove investors toward safe, risk-off assets.

Persons: —, Morgan Stanley, Tuesday's, Leena ElDeeb, Alex Kuptsikevich, Bill Dudley Organizations: Service, New York

☆ Economic worries boost Trump’s Hispanic support in battleground Nevada
▼ + stars: | 2024-09-17 | by ( John King | ) edition.cnn.com time to read: +10 min

Which is not true.”Las Vegas-based real estate agent Zoila Sanchez photographed outside of her home in Henderson, Nevada. Sanchez is confident, insisting the energy she sees for Harris outweighs the increased Trump talk among fellow Hispanics. “I feel the Democrats take the Hispanic vote for granted here in Vegas or in Nevada,” Cerros said. “She came up with immigrant parents, which to me, it’s amazing for someone like that to come up and be able to be president,” Munoz said. Nevada also elected a Republican governor in 2022, and Munoz believes that makes it more hospitable climate for Trump this year.

Persons: Zoila Sanchez, ” Sanchez, Kamala Harris, “, ”, Donald Trump, “ I’ve, Jacqueline Kalil, CNN Trump, Sanchez, …, Joe Biden, Harris, Rogelio Regalado, Rafael Cerros Jr, Cerros, ” Cerros, CNN “, ’, Regalado, ” Regalado, “ It’s, Hajji, ” Hajji, Henderson, Zena Hajji, who’s, Biden, haven’t, Antonio Munoz, Penny, Trump, Munoz, ” Munoz, ” Antonio Munoz, ” Harris Organizations: Nevada CNN, Las, Reagan Republican, CNN, Trump, ”, Taco Bar, Biden, Republican Locations: Henderson, Nevada, Las Vegas, Henderson , Nevada, –, Spanish, Vegas, Israel, El Mercado, America

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