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☆ Voters blamed Biden for high inflation. Kamala Harris could get a pass.
▼ + stars: | 2024-08-08 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Where voters place their blame — and specifically whether it falls on Vice President Kamala Harris — could be one of the defining factors of the presidential election. Early polling suggests that Harris won't be able to entirely shed the blame that President Joe Biden has received for inflation. If Harris can avoid some of the blame Biden received for rising prices, it could improve her chances of winning over crucial swing state voters, Traugott said. However, Sarah Foster, a Bankrate analyst, thinks some voters could shift much of their frustrations about rising prices from Biden to Harris. To be sure, it's up for debate how much Biden, Harris, or even Trump are deserving of blame for the rising prices of the past few years.

Persons: —, Kamala Harris —, Harris, Joe Biden, Donald Trump, Biden, she'd, Michael Traugott, Kamala Harris, Trump, Traugott, Evan Roth Smith, Blueprint's, Semafor, Elizabeth Pancotti, Sarah Foster, It's, Joseph Stiglitz, University of Michigan's Traugott Organizations: Service, Business, Trump, Democratic, University of Michigan, Republicans, Biden —, Roosevelt Institute, New York Times, Biden, FOX Business, University of Michigan's

☆ A Gen Xer shares why going back to college after dropping out was the best decision he ever made
▼ + stars: | 2024-08-08 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Read previewDavid Houde feels like he's made it — and he thinks it wouldn't have been possible without his college degree. By 2006, he'd earned an associate degree in computer information systems and a bachelor's degree in computer science. A college degree helped him eventually land a high salaryWhen he first enrolled in college, Houde didn't have any idea what he would major in. In 2016, about a decade after he graduated with his bachelor's degree, he decided to pursue an MBA. Have you found financial success without a college degree?

Persons: —, David Houde, he's, it's, Houde, he'd, wasn't, I'm, hasn't Organizations: Service, Business, Pew Research Locations: Michigan, eureka

☆ Teenagers who turned $400 into a six-figure business share 4 strategies that helped them scale
▼ + stars: | 2024-08-08 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Read previewJacob Shaidle started cleaning barbecues in the summer of 2021 to fund his education. AdvertisementShaidle started cleaning barbecues in 2021 to pay for his university tuition. Over the past year, the teens, who are heading into their third year at the University of British Columbia, have grown Shaidle Cleaning to six figures in annual revenue. One is a small business called Strodes, a butcher shop deli that makes its own all-natural, chemical-free degreaser that Shaidle Cleaning buys in bulk. Go digitalDuring his first two summers in business, Shaidle acquired clients through door-knocking and word-of-mouth.

Persons: —, Jacob Shaidle, he'd, Shaidle, Aran Giffen, Lean, Giffen, it's, Aran, Jake, They'll, they're, you've Organizations: Service, Business, University of British, Insight, Hamilton Spectator Locations: Hamilton , Ontario, University of British Columbia, Ontario, We've

☆ Golden Opportunity to Boost Job, Labor Market: Raise the Minimum Wage
▼ + stars: | 2024-08-08 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

The federal minimum wage, which has been stuck at $7.25 an hour for 15 years. Given the situation, here's an idea: Why not raise the federal minimum wage right now? Getting anything done legislatively is always a challenge, especially in an election year, but polls indicate a higher minimum wage is broadly popular. AdvertisementOnce the minimum wage gets so high that it starts to cause a bunch of job loss, that's a problem. If a higher minimum wage lifts millions of people out of poverty, that's incredible.

Persons: it's, Yannet Lathrop, California's, It's, Jacob Vigdor, Vigdor, Justin Wiltshire, Michael Reich, David Neumark, shouldn't, we've, they've, Emily Stewart Organizations: Bureau of Labor Statistics, National Employment, New York Times, Congressional, University of Washington, University of Victoria, UC Berkeley's Center, Dynamics, University of California, Business Locations: Nebraska, Florida, Washington ,, Washington, West, Wisconsin, Iowa, Mississippi, South Carolina, Seattle, California, British Columbia, New York, Irvine, America, Wiltshire

India's biggest budget airline IndiGo has been trialing a booking feature that will allow women to avoid booking a seat next to men on flights. The feature, the first of its kind for an airline, works by showing female travelers a pink seat at the seat selection page if it will be occupied by a female passenger, a company representative told CNBC Travel. Travelers on IndiGo must identify their genders when they purchase tickets, which allows the airline to control access to these details, according to Indigo. However, IndiGo's website and mobile app did not show the feature when CNBC did a check. The new feature has received "positive individual reactions" on social media, IndiGo's CEO told CNBC's "Street Signs Asia" last week.

Persons: CNBC's, Pieter Elbers Organizations: IndiGo, CNBC Travel, CNBC

☆ Secret Service busted into a salon to let people use the bathroom during a Kamala Harris fundraiser, business owner says
▼ + stars: | 2024-08-07 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

Secret Service agents taped over a security camera and broke into a Massachusetts hair salon while securing the area for a Kamala Harris campaign event, according to the salon's owner. Advertisement(Business Insider blurred the face of a Secret Service agent in the video below.) The fourth person, wearing a dark suit and white shirt like a Secret Service officer, stood by the door. BI asked Secret Service spokesperson Melissa McKenzie whether the agency invited other people to use the bathroom. Brian Smith, the building's landlord, said he didn't give the Secret Service permission to use the property either.

Persons: —, Kamala Harris, Harris's, Alicia Powers, Harris, Powers, Melissa McKenzie, Brian Smith, didn't, Smith, McKenzie, Bill Pickle, Pickle, Matthew Hill, she'd Organizations: Service, Secret Service, Democratic, Business, Colonial Theatre, Secret, BI, Pittsfield Police Locations: Massachusetts, Pittsfield , Massachusetts, Pittsfield, Boston

☆ How much money Olympic athletes earn when they win medals
▼ + stars: | 2024-08-06 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +1 min

Olympic athletes who win a medal receive a wide range of financial prizes. US Olympians receive $37,500 for a gold medal, $22,500 for a silver, and $15,000 for a bronze. 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 . While the International Olympic Committee doesn't hand out money to athletes who medal in their respective events, many countries across the globe provide compensation to athletes for reaching the podium.

Persons: — Organizations: Hong Kong, Service, International, Business

Jenna Ellis, right, and Sydney Powell, attorneys for President Donald Trump, conduct a news conference at the Republican National Committee on lawsuits regarding the outcome of the 2020 presidential election on Thursday, November 19, 2020. Former Trump campaign attorney Jenna Ellis has agreed to cooperate with prosecutors in Arizona in their criminal cases against so-called fake electors and others who tried to reverse the 2020 election loss of former President Donald Trump, state Attorney General Kris Mayes said Monday. "I am grateful to Ms. Ellis for her cooperation with our investigation and prosecution." "Her insights are invaluable and will greatly aid the State in proving its case in court," the attorney general said. The remaining defendants are Kelli Ward, Tyler Bowyer, Nancy Cottle, Jacob Hoffman, Anthony Kern, James Lamon, Robert Montgomery, Samuel Moorhead, Lorraine Pellegrino, Gregory Safsten, and Michael Ward.

Persons: Jenna Ellis, Sydney Powell, Donald Trump, Kris Mayes, Ellis, Mayes, Rudy Giuliani, Joe Biden, Mark Meadows, John Eastman, Boris Epshteyn, Christina Bobb, Mike Roman, Trump, Kelli Ward, Tyler Bowyer, Nancy Cottle, Jacob Hoffman, Anthony Kern, James Lamon, Robert Montgomery, Samuel Moorhead, Lorraine Pellegrino, Gregory Safsten, Michael Ward Organizations: Republican National Committee, Trump, Prosecutors, New, New York City, Trump White House Locations: Arizona, American, New York

Progressive groups have trained their criticisms on Mr. Shapiro and Mr. Kelly, who they accuse of being too conservative on key issues. The debate grew heated during a discussion about whether using the phrase “Genocide Josh” to describe Mr. Shapiro, who is an observant Jew, was antisemitic. One of his advisers called the Harris campaign to object to Mr. Shapiro, a development that was first reported by Politico. Manuel Bonder, a spokesman for Mr. Shapiro, declined to comment on the vice-presidential selection process. Mr. Walz and Mr. Beshear are set to appear at dueling, simultaneous fund-raisers to benefit Ms. Harris on Monday evening.

Persons: Kamala Harris’s, Josh Shapiro, — Mr, Shapiro, Mark Kelly of Arizona, Tim Walz, Minnesota —, Harris, Kevin Munoz, Kelly, Shawn Fain, Mark Kelly of, Harris’s, Kenny Holston, Josh ”, Walz, Billy Wimsatt, ”, “ Tim Walz, John Fetterman of, Manuel Bonder, Kriston Jae Bethel, Joe Scarborough, Doran Schrantz, Wimsatt, Caroline Yang, Pete Buttigieg, ” Mr, “, Kelly’s, Jacob Peters, Andy Beshear, Beshear, Rachel Mummey, . Walz, Christina Morales, Corinne Boyer Organizations: Gov, Pennsylvania, United Automobile Workers, CBS, New York Times, Democratic, Democracy Alliance, Voter, Muslim, The New York Times, Politico, Minnesota PAC, Navy, NASA, Iowa Democratic Party, Mr Locations: Washington, Philadelphia, Mark Kelly of Arizona, Mexico, Gaza, John Fetterman of Pennsylvania, Pennsylvania, Minnesota, New Hampshire, Silicon Valley, Kentucky, Frankfort, Ky, Minneapolis, Chicago, Jenkintown, Pa

☆ New homes are getting smaller. That could be big news for first-time buyers
▼ + stars: | 2024-08-05 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

In 1973, the median size of completed single-family homes was 1,525 square feet, according to US Census data. But as the cost of buying a home has exploded and McMansions have fallen out of favor, homebuilders have reversed course, building smaller homes with an eye to first-time buyers. Today, smaller, often more affordable homes under 1,000 square feet are harder to come by in most US suburbs. According to an NAHB survey, 17% of homebuilders said they built homes on smaller lots in 2023 to support home sales, and 14% said they built more townhouses. Smaller homes and fewer amenitiesHeather Eisenmann, a Realtor who specializes in selling new construction in Clarksville, Tennessee, said that she’s noticed that many of the new homes she shows now have smaller bedrooms and living rooms.

Persons: Jordyn Carias, ”, homebuilders, Alan Ratner, “, we’ve, Levittowns, wasn’t, Jacob Anbinder, ” Anbinder, Levitt, Irving Haberman, Michael Murray, Heather Eisenmann, she’s, ” Eisenmann Organizations: CNN, Zelman, Associates, National Association of Homebuilders, Cornell University, Sons, National Association of Realtors, Census Bureau Locations: Muscatine , Iowa, America, Levittown, New York, Puerto Rico, Real, United States, Horton, Clarksville , Tennessee, Muscatine, Sacramento

☆ The government has to give the QAnon Shaman his spear and helmet back
▼ + stars: | 2024-08-05 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +1 min

The US government will return Jacob Chansley's seized belongings, including his horned headdress. Chansley, known as the "QAnon Shaman," stormed the Capitol on January 6, 2021. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe infamous Capitol riot defendant known as the "QAnon Shaman" is finally getting back the notorious horned Viking headdress and long spear he sported on the day of the January 6 insurrection.

Persons: Jacob Chansley's, —, Jacob Chansley, Donald Trump's Organizations: Capitol, Service, Business

☆ A struggling gaming company tried to destroy its rivals by creating a fake website to solicit complaints: court documents
▼ + stars: | 2024-08-05 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

A new court filing accuses Skillz Inc. — a struggling mobile gaming company — of trying to sabotage its rivals by creating a fake consumer advocacy website. The allegations were made in a counterclaim filed to court Monday by one of those competitors, Papaya Games. A screenshot of the 4 Fair Play website, included in a Papaya Games court filing, shows that Skillz's competitors were identified as the worst offenders — not Skillz itself. A Skillz executive provided comments on the 4 Fair Play website design, according to screenshots of a website mockup included as a court exhibit. But it said in Monday's counterclaim that Skillz games, however, do use bots.

Persons: —, Skillz, 4fairplay.org wasn't, Cash, Papaya's, Josh Levin, Levin Organizations: Service, Skillz Inc, Business, Avia, Straits Research, Apple, Bloomberg News, Skillz

☆ Judge orders DOJ to return helmet, spear to 'QAnon Shaman' Jacob Chansley
▼ + stars: | 2024-08-05 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

"QAnon Shaman" Jacob Chansley will regain possession of the makeshift spear and horned helmet that he carried as he stormed the U.S. Capitol during the Jan. 6, 2021, riot with other Trump supporters, a federal judge ruled Monday. "Since the government has not established that it still needs these items as evidence and has not sought their forfeiture, the Court will GRANT Mr. Chansley's motion," Lamberth wrote. The DOJ last month said it wanted to hold on to Chansley's property, because despite having expressed remorse at his criminal sentencing, he has since challenged his conviction and sentence. "Even if the government may need to reprove Mr. Chansley's guilt, the government has not explained why it would need his property," the judge wrote in Monday's order. "He was like thousands of others that day," Lamberth wrote in Monday's order.

Persons: Jacob Chansley, Royce Lamberth, GRANT Mr, Lamberth, District of Columbia Matthew Graves, Chansley's, Chansley, Joe Biden, Donald Trump, Trump, Mike Pence Organizations: U.S, Senate, U.S . Capitol, Capitol, Trump, Justice, Washington , D.C, DOJ, Attorney, District of Columbia Locations: Washington ,, United States, American

☆ A Gen Xer who 'retired' at 45 shares how the FIRE movement and side hustles helped him grow his savings to over $6 million
▼ + stars: | 2024-08-04 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

I stopped spending money on things that weren't of value to me." Side hustles and investing in retirement can boost one's savingsOver the past decade, Grumet has padded his savings through various income streams. In addition to hospice work, he's also tried side hustles that include medical expert work, nursing home medical directing, medical blogging, and several forms of consulting. While the extra income has helped boost his savings, Grumet said investing much of this income into the stock market — and seeing strong investment returns — is what's allowed his finances to truly blossom. Grumet said his retirement goal was to have at least 25 times his total annual spending in savings — he's already met this milestone.

Persons: —, Jordan Grumet, Grumet, who's, he's Organizations: Service, Business, BI, FIRE Locations: Illinois

☆ 19-year-old friends run a six-figure business cleaning barbecues. How they started with $400 and scaled to 20 employees.
▼ + stars: | 2024-08-04 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +9 min

Buying a car, notching his first five-figure month, and partnering with a friend to bring the business onlineAfter a year of school, Shaidle restarted his cleaning business in June 2022. AdvertisementAran Giffen joined the Shaidle Cleaning team in 2023. He and Giffen spent their second year at university planning for what they expected to be a busy 2024 season for Shaidle Cleaning. Shaidle Cleaning is completely student-operated. Giffen, who's on a full university scholarship for accounting, isn't technically under contract as a Shaidle Cleaning employee.

Persons: Jacob Shaidle, Shaidle, —, that's, Aran Giffen, He'd, didn't, Jake, Giffen, they've, you've, who's, I'd Organizations: Service, Business, Home, University of British, UBC, Hamilton Spectator, Shaidle Locations: Hamilton, Canadian, Ontario, University of British Columbia, Canada

☆ A bride knew her sheer, jewel-encrusted wedding dress was the one immediately after seeing a photo of it online
▼ + stars: | 2024-08-03 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +1 min

Alyssa knew her bejeweled Berta dress was the one for her when she saw a photo of it online. Go to newsletter preferences Thanks for signing up! AdvertisementThe $70 billion wedding industry involves so much: venues, entertainment, and planners who make couples' dream days come together. The symbolic nature of the bridal gown has come to encapsulate the experience of finding a wedding dress, too. Brides often describe a rightness when they put on their perfect wedding dress, saying they can easily picture themselves walking down the aisle in the gown.

Persons: Alyssa, Jacob Farah, Berta, — Organizations: Service, Business Locations: Sydney

☆ Age is just a number for this 36-year-old academic who has danced her way to the Olympics
▼ + stars: | 2024-08-02 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +4 min

Australian Olympic breaking athlete Rachael Gunn poses during a portrait session in the Sydney central business district on April 17, 2024 in Sydney, Australia. Cameron Spencer | Getty Images Sport | Getty Images"Those who can, do; those who can't, teach." Mark Kolbe | Getty Images Sport | Getty ImagesBreaking, for the first time, has become an official sport at the Olympics, making it Gunn's biggest competition so far. Road to ParisGunn's journey to the Olympic dance floor was quite challenging, especially as she started breaking much later in her life. Australian Olympic breaking athlete Rachael Gunn is representing Australia as a B-Girl after qualifying for the 2024 Paris Summer Olympic Games.

Persons: Rachael Gunn, Cameron Spencer, George Bernard Shaw, Gunn, Mark Kolbe, —, I've Organizations: Getty, Paris, Sydney's Macquarie University, Studies, Olympics, CNBC, Sydney Town Hall, Olympic Locations: Sydney, Australia, Paris

☆ Why workers who lose their jobs to AI will be better off than the Midwest manufacturing employees of two decades ago
▼ + stars: | 2024-08-02 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

Similar to US manufacturing workers who lost their jobs in recent decades to advancements like automation, those displaced by AI could find themselves without the skills needed for the modern workforce. It comes down to when — and where — AI job losses are likely to materialize. Davis said there are several reasons workers who are displaced by AI should have an easier time finding work than many manufacturing workers of the past. Impacted workers in cities would be more likely to have job opportunities than workers where manufacturing jobs were concentrated, which often were in the Midwest. Widespread AI job displacement won't happen for at least a decadeWhile Davis is uncertain about the timing and scale of AI job displacement, he said he doesn't expect AI to drive major job losses over the next decade.

Persons: —, Goldman Sachs, It's, Steven Davis, Hoover Institute —, Davis, it's, — Davis, they've, they're, Joe Biden, there's, Jim Covello, that's Organizations: Service, Business, Hoover Institute, Stanford University —, Bureau of Labor Statistics —

☆ What to watch at Olympics today: Track and field picks up, while Léon Marchand returns to the pool
▼ + stars: | 2024-08-02 | by ( Lukas Weese | ) www.nytimes.com time to read: +7 min

Team events continue, with men’s soccer beginning its quarterfinals. Canada is one of a handful of countries that could challenge the U.S., the reigning Olympic gold medalist in men’s basketball. GO DEEPER Argentina to play France in Olympic men's football quarter-finalsThursday highlightStop what you’re doing right NOW and watch Simone Biles on floor! It marked Biles’ sixth Olympic gold — the most of any U.S. gymnast. Brazil’s Rebecca Andrade claimed silver and the United States’ Suni Lee, who won Olympic gold in the event at the Tokyo Games, took bronze.

Persons: Celine Dion, —, Brian Pintado, Yang Jiayu, Uganda’s Joshua Cheptegei, Cheptegei, Jacob Kiplimo, Gudaf, Nia Akins, Allie Wilson, Juliette Whittaker, Athing Mu, Marchand, Smith, Regan Smith, Kaylee McKeown, Léon Marchand, RJ Barrett, it’s, Lionel Messi, Thierry Henry, Alexandre Lacazette, Jean, Philippe Mateta, Julian Alvarez, Nicolás, Simone Biles Organizations: Olympics, Stade de France, NBC, La Defense, Frenchman, Spain, Getty, Toronto Raptors, Olympic, Australia, Games, Saint, Argentina –, Telemundo, Argentina, France Locations: Paris, Tokyo, Ethiopia, France, Canada, men’s, Sydney, basketball, Spain, Montigny, Morocco, Argentina, Argentina – France, United States, The U.S, Olympic

☆ Judge puts liens on Rudy Giuliani's apartments while dismissing his bankruptcy case
▼ + stars: | 2024-08-02 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +1 min

A judge imposed liens on Rudy Giuliani's apartments while dismissing his bankruptcy case. 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 judge overseeing Rudy Giuliani's bankruptcy formally dismissed the case Friday — but put a lien on the former mayor's properties to make sure he pays all his legal bills. US Bankruptcy Judge Sean Lane already said in July that he would dismiss the case, expressing frustration in a "lack of financial transparency" on Giuliani's behalf.

Persons: Rudy Giuliani's, —, Sean Lane Organizations: Service, Business Locations: Florida, Manhattan

Simone Biles competes on the uneven bars on July 30. Jamie Squire/Getty ImagesWith the first chapter of Simone Biles’ comeback at the Olympics already complete, the next is ready to be written. All this comes not long since Biles said she had considered walking away from gymnastics having experienced a mental block called “the twisties” at the Tokyo Olympics. “I started off with therapy this morning,” Biles said on Tuesday after the team event. I told my therapist I was feeling calm and ready.”She ended the day alone in the center of Paris’ Bercy Arena, completing her floor routine to rapturous applause.

Persons: Simone Biles, Jamie Squire, Simone Biles ’, Biles, “, ” Biles, Suni Lee Organizations: USA, Games, Tokyo, US, Paris ’ Locations: American, Paris

☆ 'Internal battle' in Modi's BJP on whether India needs Chinese investments, Natixis chief Asia economist says
▼ + stars: | 2024-08-01 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +5 min

Supporters of Bharatiya Janata Party (BJP) hold party flags as they celebrate Narendra Modi's swearing-in ceremony on June 9, 2024. Sopa Images | Lightrocket | Getty ImagesThere is an "internal battle" happening within India's ruling Bharatiya Janata Party over inviting Chinese investments, as the country strives to become Asia's manufacturing powerhouse, Alicia Garcia-Herrero, chief Asia Pacific economist at Natixis said. This proposal was shot down by Trade Minister Piyush Goyal on Tuesday who said that there was "no rethinking at present" on allowing Chinese investments into India, Reuters reported. Experts told CNBC that Chinese investments are needed in India's solar panel and battery manufacturing sectors — two areas that a report, citing Indian government sources last week, mentioned could see easing restrictions on Chinese investments. India increased scrutiny on Chinese investments into the country, and also blocked several Chinese mobile apps including TikTok following the incident.

Persons: Narendra Modi's, Alicia Garcia, Herrero, Natixis, V Anantha, Piyush Goyal, Modi, Garcia, Rajesh Kumar Singh, Harsh, Pant, Tauseef Mustafa, Jaishankar, Punit Paranjpe Organizations: Bharatiya Janata Party, BJP, Asia, Trade, Reuters, CNBC, Department, Promotion of Industry, Internal, Bloomberg, ICT, Communication Technologies, New Delhi's Observer Research Foundation, Afp, Getty, India's Foreign, Adani Locations: Asia Pacific, China, India, Europe, loggerheads, Eastern Ladakh, Tokyo, U.S, Mundra

☆ Intel lays off 15% of its staff and its stock tumbles as it struggles to turn around its ailing business
▼ + stars: | 2024-08-01 | by ( Ramishah Maruf | Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN —Intel is slashing 15% of its staff as part of a $10 billion plan to reduce costs, the tech company announced in its second-quarter earnings Thursday. “Our revenues have not grown as expected — and we’ve yet to fully benefit from powerful trends, like AI. The company is holding out hope that the AI investments will pay off. Intel wants to cut the $10 billion by 2025. Other tech earnings falterAmazon’s sales grew 10% last quarter and its operating profit nearly doubled, the company said Thursday.

Persons: “, Pat Gelsinger, Jacob Bourne, TSMC, ” Neil Saunders Organizations: New, New York CNN, Intel, Qualcomm, Texas Instruments, Nvidia, Apple, GlobalData Locations: New York, “, United States

☆ The Federal Reserve sets the stage for a rate cut — here's what that means for your money
▼ + stars: | 2024-07-31 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

In the wake of the rate hike cycle, the average credit card rate rose from 16.34% in March 2022 to more than 20% today — nearing an all-time high. A recent report from the Philadelphia Federal Reserve showed credit card delinquencies at an all-time high, according to data going back to 2012. The best move for those with credit card debt is to take matters into their own hands, advised Matt Schulz, chief credit analyst at LendingTree. Home loan rates have already started to fall, largely due to the prospect of a Fed-induced economic slowdown. Student loansFederal student loan rates are also fixed, so most borrowers aren't immediately affected by the Fed's moves.

Persons: Greg McBride, McBride, Matt Schulz, Jacob Channel Organizations: Philadelphia Federal, Treasury, Auto, Consumers

Elijah Nouvelage | Afp | Getty ImagesHow the LIFT Act could look todaySince the LIFT Act was first proposed in 2018, the cost of living has only skyrocketed, hitting working-class Americans especially hard. However, funding such a tax credit now could be tough amid growing concerns over the federal budget deficit. The advantage of the LIFT tax credit, said D'Acunto, is that it doesn't create the same market distortions the rent cap would ignite. Child tax credit is a 'huge priority' for DemocratsLIFT was first proposed years before Congress temporarily expanded the child tax credit during the Covid-19 pandemic, which could now be a bigger priority, experts say. Harris described the child tax credit changes as one of the "most important" and "most impactful" parts of the legislation in a 2021 speech.

Persons: Kamala Harris, Elijah Nouvelage, Tomas Philipson, Joe Biden's, Laura Veldkamp, Harris, Donald Trump, Francesco D'Acunto, Biden, Karl Widerquist, Jacob Channel Organizations: Democratic, Afp, Getty, White House Council, Economic Advisers, CNBC, Columbia University Business School, Georgetown University, D'Acunto, Federal, Plus, American Rescue Plan, Columbia University, . Census Locations: Atlanta , Georgia, Atlanta

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