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☆ 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 —

☆ 72% of Americans worry Social Security will run out in their lifetimes. Here's what experts say
▼ + stars: | 2024-08-02 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

Workers who pay into Social Security while they're working should expect benefits from the program when they retire. Yet 72% of adults worry Social Security will run out of funding in their lifetimes, a new survey from Nationwide Retirement Institute finds. Meanwhile, 23% do not expect to receive even a dime of the Social Security benefits they've earned. However, fears that Social Security benefits may dry up completely are overblown, experts say. Nevertheless, Americans shouldn't worry Social Security will disappear.

Persons: they've, Millennials, Xers, Harris, Vance, David Blanchett, We're, Blanchett, Joe Elsasser, CNBC.com, Elsasser Organizations: Workers, Social Security, Nationwide Retirement Institute, Finance, GOP, Social, Security, DC Solutions

With the Galaxy Z Flip 6, Samsung has effectively addressed some of these compromises. Samsung Galaxy Z Flip 6 Samsung's iconic flip phone has been upgraded with a new model, the Galaxy Z Flip 6. Unfolded, the Galaxy Z Flip 6 is a two-tone device, no matter what color you pick. The Galaxy Z Flip 6 has wider black borders around the display than the Galaxy S24. The Galaxy Z Flip 6 changed my critical mind of Samsung's flip phones.

Persons: Antonio Villas, It's, it's, There's, —, Samsung's, Samsung, ultrawide, they've, I'd Organizations: Business, Samsung, Amazon, Boas, Galaxy, Qualcomm, Wireless, YouTube

☆ Trump's bitcoin strategy was shared behind closed doors with CEOs who raised $25 million. Here's what he told them.
▼ + stars: | 2024-08-01 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +15 min

Bitcoin 2024 attendee wears "Make Bitcoin Great Again" baseball cap. Trump said on Saturday that his campaign has raised $25 million from the crypto industry since it began accepting cryptocurrency donations in May. "Make Bitcoin Great Again" hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. "The rules will be written by people who love your industry, not hate your industry," Trump declared that afternoon in the main auditorium as he warmed up the crowd. As Riot's Les put it, "I think the core message that we communicated to President Trump was, 'This is your industry leadership group.

Persons: Donald Trump, Jon Cherry, Donald Trump White, Tyler, Cameron Winklevoss, Paul Grewal —, David Sacks, Cantor Fitzgerald, Howard Lutnick, Cynthia Lummis, Bill Hagerty, Marsha Blackburn, Vivek Ramaswamy —, Kid Rock, Billy Ray Cyrus, Jason Les, Fred Thiel, Zach Bradford, Chris Cook, Amanda Fabiano, Michael Saylor wasn't, Saylor, Trump, That's, Donald Trump's, Les, he's, litigator, Tracy Hoyos, Cyrus strummed, " Hoyos, López, Hoyos, Cyrus, López Trump, Marathon's Thiel, Thiel, David Bailey, Bailey, Sen, Elizabeth Warren, Gary Gensler —, Kamala Harris, Cook, Saturday's, CleanSpark's Bradford, Riot's Les, indoctrinating, Bradford, they've, It's, we're Organizations: Republican, Getty, Music City Center, GOP, Gemini, Trump, U.S ., State Department, Marathon Digital Holdings, CNBC, Music City, Riot, Attorney, Bitcoin, BTC Inc, U.S . Securities, Exchange, US, Bloomberg, indoctrinating Trump, Industry, Mar Locations: Nashville , Tennessee, San Francisco, Nashville, Mar, Lago, U.S, San Bernardino County, López

☆ Here's a non-exhaustive list of some things JD Vance said that have aged poorly
▼ + stars: | 2024-08-01 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Read previewSen. JD Vance of Ohio said several inflammatory things in the past, and some of it's coming back to haunt him. AdvertisementOn a Fox News "Outnumbered" episode from 2021, Vance said that the media had turned the news of Biles quitting the Olympic team "into this act of heroism." Remember when JD Vance called Simone Biles weak when she withdrew from the Tokyo Olympics? JD Vance says women who haven’t given birth like Kamala Harris are “childless cat ladies who are miserable at their own lives,” and have “no direct stake” in America. Representatives for Vance did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: —, Sen, JD Vance, Ohio, Vance, Donald Trump, Simone Biles, Biles, WRClQiRe7k — Alex Cole, @acnewsitics, Kamala Harris, they've, 3DJY3pQTGe, Ron Filipkowski, Harris, Pete Buttigieg, Alexandria Ocasio, Cortez, — Harris, Doug Emhoff, Preet Bharara, It's, Buttigieg, Chasten —, Jon Stewart, Nancy Pelosi's, Christine Pelosi, Nikki Fried, Trump, ”, dcLZ2wNxyd — Kamala, sociopaths Organizations: Service, Business, Tokyo, Fox News, Democratic, Fox, Transportation, US, The Daily, Florida Democratic Party, Representatives, Business Insider Locations: America, Alexandria, Afghanistan, —

☆ The Fed keeps interest rates high for now—here's how much money it could be costing you each month
▼ + stars: | 2024-08-01 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

30-year fixed-rate mortgagesIn 2022, the average 30-year fixed rate mortgage rate was 4.3%, while the current rate is 6.9%, per Mortgage News Daily. Total monthly difference: $42New vehicle financingIn 2022, new auto loans had an average interest rate of 5.2% while the current average is 7.3%, per Edmunds data. For a 60-month financing of around $40,000, monthly payments have increased from $759 to $798. Total monthly difference: $39Credit cardsIn 2022, the average credit card interest rate was 16.3%, while the current rate is 20.7%, per Bankrate data. Total monthly difference: $19

Organizations: Federal Reserve, Fed, Mortgage Locations: Edmunds

☆ Millennial Internet Is Dead; RIP Neopets, Club Penguin, and Webkinz
▼ + stars: | 2024-08-01 | by ( Aimee Pearcy | ) www.businessinsider.com time to read: +13 min

At Club Penguin, I adopted colorful pets called puffles and purchased kitsch furniture for my virtual igloo. "I was big on Club Penguin, Wizard101, Moshi Monsters, and this obscure one called Ourworld," he told me. Club Penguin, which ran from 2005 to 2017, stands out as one of the era's most beloved virtual worlds. "That same generation logged into Club Penguin to play with friends." In 2017 it shut down Club Penguin and replaced it with a mobile version, Club Penguin Island.

Persons: millennials, Gen Zers, Dylan Maleno, Lance Priebe, I'd, Jake Hahn, they're, Sara Grimes, weren't, Flappy Bird, Disney, Toontown, they've, MMOs, Roblox, Ashley Hernandez, " Hernandez, Neopets, Dominic Law, Aimee Pearcy Organizations: Penguin, Disney, University of Toronto's, of Information, Fortnite, Facebook, The New York Times Locations: Pennsylvania, Wizard101, Moshi, Illinois, Fortnite, New York City

☆ An ex-'Below Deck Med' cast member now crews a private luxury yacht in the Bahamas with her boyfriend. They work 16-hour days, but say it's the best hospitality job they've ever had.
▼ + stars: | 2024-08-01 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +6 min

AdvertisementLong days for the two-men crewAn interior view of the Sailing Location yacht. Lily Davison and Nik Dorward wear multiple hats on their trips, doing everything from cooking to acting as tour guides. Tops other hospitality jobsA coconut drink served on board Sailing Location. AdvertisementAnd they haven't had any nightmare guests, Davison said, unlike when she was on "Below Deck Med." Nik Dorward and Lily Davison aboard the Sailing Location yacht.

Persons: —, Lily Davison, Nik Dorward, Davison, It's, Dorward, Pablo Escobar's, James Bond's, they've Organizations: Service, Business Locations: Bahamas, Nassau , New Providence, Norman's, Staniel Cay, Florida

☆ I'm 30 years old and only make enough money to cover the essentials. I rely on my parents to pay for fun things.
▼ + stars: | 2024-08-01 | by ( Zach Moser | ) www.businessinsider.com time to read: +4 min

As much as I may enjoy them, I don't need them the same way I need to pay rent and buy groceries. Related storiesIt's not rent or utilities or the many things I'm fortunate enough to be at least able to afford. The author — pictured with his mom and sisters — relies on his parents financially for fun things. I don't buy a lot of groceries, mostly rice, cheese, and occasionally eggs. But when my parents are here, I'm ordering the Weissbeer that's new on the draft list for a limited time only.

Persons: Miller, —, It's, it's, I'm, they've Organizations: Service, Gatorade, CVS Locations: Wawa, It's

☆ Wayfair CEO likens home goods slowdown to 2008 financial crisis: 'Customers remain cautious'
▼ + stars: | 2024-08-01 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

The first Wayfair brick-and-mortar store prepares to open on May 02, 2024 in Wilmette, Illinois. Online home goods company Wayfair saw sales decline in its fiscal second quarter as its CEO likened the current slowdown in the home goods category to the 2008 financial crisis. "Our credit card data suggests that the category correction now mirrors the magnitude of the peak to trough decline the home furnishing space experienced during the great financial crisis," Wayfair CEO Niraj Shah said in a news release. "Customers remain cautious in their spending on the home." The company saw adjusted EBITDA of $163 million during the quarter, still below the $168 million that Wall Street had expected, according to StreetAccount.

Persons: Niraj Shah, tailer, Wayfair, they've, Kate Gulliver, Jerome Powell, Shah Organizations: LSEG, CNBC Locations: Wilmette , Illinois

☆ Hedge funds are dusting off an old strategy to help reverse a fundraising slump, but it comes with a risk
▼ + stars: | 2024-08-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, hedge funds are dusting off an old strategy that's a unique twist on passive investing . And with the fundraising environment for hedge funds looking bleak , they'll take any help they can get. AdvertisementBut with portable alpha, hedge funds are tying themselves to something they've pledged they are better than. What happens if the hedge fund's portion of the portable alpha strategy is what pulls returns down? With competition from venture capital and private equity, hedge funds can't afford to turn their nose up at anything.

Persons: —, Tyler Le, Alex Morrell, It's, Jenny Chang, Rodriguez, Philippe, hasn't, they've, it's, duMond, Chip Somodevilla, Alyssa Powell, Harris, Jerome Powell, Powell, Tetiana Lazunova, Meta, it'll, Linda Yaccarino, Elon Musk, Kamala Harris, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Trump, DWS Group, BI, Nvidia, Twitter, Apple, Amazon, Barclays, Shell, Democratic National Committee Locations: Hollywood, London, Milan, Dubai, New York

☆ The new sports streaming bundle will cost $43 a month — but won't have some of TV's most popular sports
▼ + stars: | 2024-08-01 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

What would you pay for a streaming service that gave you lots — but not all — of the biggest sports programming on TV? Most crucially, it won't include lots of NFL games, since the package doesn't include CBS, which has the national rights to AFC games on Sundays. Take the NFL out of traditional TV and there's almost nothing left at this point. If you wanted a streaming service that had all of the NFL games on traditional TV, you'd need a service like YouTube TV, which currently costs $73 a month. That's partly because the TV companies that are part of the bundle kind of believe that, and partly because they have a delicate relationship with pay TV distributors like Comcast.

Persons: Venu —, It's, Venu, they've, they're Organizations: Service, Disney, Fox, Warner Bros, ESPN, FS1, ABC, TNT, Business, CBS, AFC, NBC, NFL, YouTube, NBA, Comcast, Netflix, Bowl

☆ We asked Mark Cuban how he's going to disrupt Big Pharma. He said it's pretty straightforward, actually.
▼ + stars: | 2024-08-01 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +5 min

Here's how it works: Cost Plus Drugs, as the name implies, gets drugs directly from manufacturers, cutting out the pharmaceutical middlemen and their extra costs. You pay a 15% markup to Cost Plus Drugs, plus a fixed $5 for labor on each medication and $5 for shipping. How much will a name-brand, 30-day supply of the biggest dose of the "little blue pill" (100mg) cost you? A generic form of the same 30-day supply might start somewhere around $250, but can also exceed $1,000. AdvertisementCost Plus tells consumers that it pays the manufacturer $3 for that same 30-day supply of 100mg generic Viagra tablets.

Persons: —, Cuban, Abraham Gonzalez Fernandez, unbranded, isn't, who've, they've Organizations: Service, Big Pharma, Cuban, Plus, Business, Shark, Dallas Mavericks, Pfizer, Novo Nordisk, US Food and Drug Administration Locations: Texas

☆ Cramer says the Fed's reluctance to cut rates contributed to Thursday's sell-off
▼ + stars: | 2024-08-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer examined Thursday's market action, attributing the day's brutal sell-off to the Federal Reserve's decision to hold rates steady instead of making a cut. "To me, today's terrible action in stocks was a function of the Fed not cutting rates yesterday," he said. Although Fed Chair Jerome Powell indicated a rate cut was "on the table" in September, many on Wall Street feared that would be too late. The "soft economy" is new, he added, saying last year at this time Wall Street criticized the Fed for being unable to tame inflation. "I have better things to do with my time than lambaste a Fed chief for conceivably letting the economy wither for seven more weeks," Cramer said.

Persons: CNBC's Jim Cramer, they've, Jerome Powell, Russell, Cramer, lambaste, Powell Organizations: Federal, Wall, Investors, Dow Jones, Nasdaq, Treasury, Fed

☆ Podcast: Samsung bets on the Galaxy Ring and AI as its next big thing
▼ + stars: | 2024-07-31 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +42 min

Along with its S24 series of smartphones, foldable devices, smartwatches and now the Galaxy Ring, Samsung is hoping to lock users into its world of products held together with its suite of artificial intelligence features, known as Galaxy AI. Arjun KharpalOne of the things Samsung said was look, the ring is one product, but we've got the watch, we've got the smartphone. I think that's the right approach for Samsung, I don't think they have unrealistic expectations for volumes on this. And you'd feel like if there was some sort of Apple ring, it would do pretty good volumes. Do you think Samsung is seriously looking at ways to monetize this via subscriptions or other kinds of service business model?

Persons: aren't, Tom Chitty, Ben Wood, Meta's Ray, Arjun, Tom Chitty I've, I've, we've, Arjun Kharpal, let's, It's, That's, it's, you've, they've, there's, they're, someone's, I'm, that's, you'll, Ben Wood It's, smartwatch, Arjun Kharpal Apple's, Ben Wood They've, Tim Cook, He's, who'd, Tom Chitty Diamond, somebody's, who've, wasn't, Samsung hasn't, we'll, Ben, they'll, Will, wearables, Kharpal, Arjun Kharpal Tom, Tom, Tom Chitty We'll Organizations: Samsung, South, Galaxy, CNBC, CCS Insight, Mobile, Apple, Garmin, Apple Watch, U.S, Vision, Samsung Electronics, Google, MWC Locations: South Korean, Paris, France, beyondthevalley@cnbc.com, There's, Finland, London

☆ JD Vance's problem isn't weirdness. It's nastiness.
▼ + stars: | 2024-07-31 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

"By the way," Vice President Kamala Harris said at an Atlanta rally on Tuesday, "don't you find some of their stuff to just be plain weird?" With Democrats eagerly resurfacing the Ohio senator's years-old comments about "childless cat ladies," Republicans are suddenly on the defensive over their party's nominee for vice president. In an attempted counterpunch, Vance himself posted a video of Vice President Kamala Harris stating her pronouns during a CNN town hall in 2019. I wish her stepchildren and Kamala Harris and her whole family the very best. But what turns off Democrats — and plenty of Republicans — is that he isn't celebrating those who are able to have families.

Persons: —, JD Vance, Kamala Harris, Donald Trump's, Vance, it's, Vance wasn't, Pete Buttigieg, Alexandria Ocasio, Cortez, Tucker Carlson's, There's, haven't, Let's, Megyn Kelly, I've, she's, they've, they're, incentivized, — JD Vance, @JDVance Organizations: Service, Republicans, Business, CNN, Democratic, Transportation, Tucker Carlson's Fox, —, GOP, Trump, Ohio Senate, Republican Locations: Atlanta, Ohio, Alexandria, Cortez of New York, Washington ,, New York

☆ With a NATO war and Ukraine's knack for shooting down planes in mind, Russia is holding back its airpower and most advanced jets
▼ + stars: | 2024-07-31 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +13 min

Read previewRussia has kept much of its airpower and some of its most advanced aircraft out of the war in Ukraine. But Baum and other air warfare experts have warned Russia's air force should not be underestimated and cautioned that NATO should be ready. AdvertisementRussia's air force is weaker than NATO's airpower, but Russia's war in Ukraine shows it can still cause a lot of damage. Russia's air force has suffered high attrition rates from Ukraine's ground-based air defenses when operating in the country. Related storiesHe said that Russia "has a lot of trouble replacing lost advanced aircraft," only making a few a year.

Persons: —, John Baum, Su, Andrew Curtis, Curtis, Michael Clarke, Christopher Cavoli, it's, Clarke, Evelyn Hockstein, Baum, Peter Layton, Layton, Volodymyr Zelenskyy, Jens Büttner, Russian Sukhoi Su, Nicola Marfisi, Russia's, There's, Sukhoi Su, Aleksey Nikolskyi, REUTERS George Barros, Jake Epstein, Gustav Gressel, Tim Robinson, Russia's Su, Robinson, Mads Claus Rasmussen, Ritzau Scanpix Organizations: Service, NATO, Mitchell Institute, US Air Force, Business, UK Ministry of Defense, Russian Air Force, Royal Air Force, REUTERS, Ukraine, Griffith Asia Institute, Royal Australian Air Force, Russian, Getty Images Air, Getty Images, it's, Sukhoi, Sputnik, European Council, Foreign Relations, UK's Royal Aeronautical Society, Getty Locations: Russia, Ukraine, Europe, Washington, NATO, Russian Sukhoi, Ukrainian, Moscow, Kremlin, AFP

☆ I'm Gen Z with baby boomer parents. They are more focused on my professional success than wanting grandchildren.
▼ + stars: | 2024-07-31 | by ( Sandrine Jacquot | ) www.businessinsider.com time to read: +3 min

My parents want me to work hard and succeed in whatever career path I choose as long as I'm happy. I also value this work ethic and career mentality, which might come from being raised by baby boomers. There is nothing wrong with wanting different things in life, and I'm happy for those who've chosen that path. Related storiesPart of it has to do with my age — I'm only 23 — but part of it also has to do with my parents' own life experiences. It is reassuring that my parents want the best for me and will support me in taking my life at my own pace.

Persons: I've, I'm, It's, boomers, they've, isn't Organizations: Service

☆ Ryan Reynolds' longtime personal trainer shared 5 simple pieces of advice he gives clients to boost their longevity
▼ + stars: | 2024-07-31 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +7 min

"You're going to move better, you're going to feel better, you're going to build confidence," Saladino said. AdvertisementMuscle loss with age is known as sarcopenia, but strength training and eating a high-protein diet can help prevent this, he said. Prioritize sleepYou often hear people saying getting up early in the morning requires discipline, but Saladino thinks going to bed early requires more. AdvertisementThe three macronutrients that make up all foods are protein, carbs, and fat, but Saladino thinks we should pay as much attention to fiber too. Get your steps inWalking is another underutilized key to health and longevity, Saladino said, and he encourages people to do it as much as possible.

Persons: —, Ryan Reynolds, Don Saladino, Saladino, they've, it's, we're Organizations: Service, Business, American College of Cardiology, Communications Biology

☆ A life coach and businessman with 10 kids who 'almost lost it all' shares his top tip for helping clients prioritize a healthy work-life balance
▼ + stars: | 2024-07-31 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

He's the president of a Midwest manufacturing company, a life coach, a motivational speaker, and, oh yeah, he has 10 kids. Skoog said he's only able to guide others to a more balanced life because he himself "almost lost it all." He tells them to make a bucket list. "But most of them don't have a bucket list of things they actually want to do." The bucket list technique is one Skoog himself learned during the leadership class he took a decade ago.

Persons: —, Andrew Paul Skoog, Skoog, they're, They've, he's, It's, He's, You'd Organizations: Service, Business Locations: Midwest, Minnesota

☆ Americans aren't spending like they used to, and it's forcing a reckoning for companies from Starbucks to Whirlpool
▼ + stars: | 2024-07-31 | by ( Alex Bitter | Dominick Reuter | ) www.businessinsider.com time to read: +7 min

Read previewShoppers are slowing down spending on everything from burgers to dishwashers, and that's bad news for a growing number of companies. While inflation has since cooled, Americans are still stuck with higher prices for many of the things they buy. Shoppers are slowing down food spending — even at grocery storesThe spending slowdown has hit restaurant chains, which have launched new deals to get customers in the door. Over the past two years, income growth has helped consumer spending beat expectations, Jefferies analyst Corey Tarlowe said in a note on Monday. One bright spot in consumer spending: Cruises, which are seeing record demand.

Persons: —, McDonald's, Burger, Taco, Jefferies, ETIENNE LAURENT, Laxman Narasimhan, It's, Dirk Van de, Van de, Andrew M, Watterson, Michael Liersch, Wells, Corey Tarlowe, Horacio Villalobos, dreuter@businessinsider.com Organizations: Service, PepsiCo, UPS, Business, Shoppers, Burger King, Taco Bell, Starbucks, Getty, Walmart, Bureau of Labor Statistics, Unilever, Whirlpool, Airlines, Jefferies, Costco Locations: Pellegrino, North America

☆ I've gone on cruises for as little as $60 a day. Here are my 6 secrets to finding last-minute travel deals.
▼ + stars: | 2024-07-31 | by ( Peggy Cleveland | ) www.businessinsider.com time to read: +5 min

Holland America Line has its standby program, where travelers can sign up for last-minute cruises for as little as $99 a day. AdvertisementDoing so helps me get great deals — I've gone on new ships for cheap and cruises that cost as little as $60 a day. Here are my secrets to finding great last-minute prices on cruises. Sign up for a cruise line's loyalty programThe more you sail, the more perks you get. I've seen a lot of people share great deals they've found and tips for scoring discounts.

Persons: —, — I've, I've, Peggy Cleveland Last, Peggy Cleveland, they've, Alaska didn't Organizations: Service, Holland America, Business, Disney, Alaska itineraries, Facebook, Costco, AARP Locations: Port, Seattle, Alaska, East Coast, Port Canaveral, Florida, Holland America, Holland

See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-Year Fixed Mortgage RatesThe average 30-year fixed mortgage rate was 6.78% last week, according to Freddie Mac. 15-Year Fixed Mortgage RatesLast week, average 15-year mortgage rates were 6.07%, a two-basis-point increase from the previous week, according to Freddie Mac data. Mortgage rates started ticking up from historic lows in the second half of 2021 and increased over three percentage points in 2022. Once the Fed cuts rates, mortgage rates should fall even further.

Persons: they've, you'll, Freddie Mac, it's Organizations: Federal Reserve, National Association of Realtors, Zillow Locations: Chevron

☆ Short-term rental pros share 2 strategies that help them profit during Airbnb slumps
▼ + stars: | 2024-07-31 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Short-term rentals are generally considered more lucrative than long-term rentals. Summer 2023 was tough across the board for the short-term rental market, with some Airbnb and Vrbo hosts seeing revenue drop by up to 18%. The couple self-manages three short-term rental properties. "On a lot of these short-term rental platforms like Airbnb and Vrbo, there are rating systems for the guest," said Jervais. They noted that working with the right property manager or co-hosting platform is a good option for a short-term rental property owner who wants to be more hands-off.

Persons: they're, Natia, Jervais Seegars, they'd, they've, We're Organizations: Service, Business, Ventures, Strategy

☆ 30-year-old’s kitchen-table side hustle makes $27,800/mo, takes 2 hours a day: This is the best way ‘to replicate success’
▼ + stars: | 2024-07-31 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

When Domonique Brown was little, she and her dad could only buy greeting cards featuring Black people at a single Hallmark store in Upland, California. Across all mediums and materials, her designs primarily feature Black characters and aim to represent the Black experience, she says. Her business, still a side hustle, outearns her 9-to-5 job: She's a full-time graphic designer with a $90,000 annual salary, she says. Brown typically spends two hours per day maintaining customer relations and creating content for DomoINK and, when inspiration strikes, creating new work, she says. At every stop, art has offered her a reprieve from schoolwork, unfulfilling jobs or people who told her to make more "white art," Brown says.

Persons: they've, Domonique Brown, Brown, she's, DomoINK, I've Organizations: CNBC, Hallmark, Target, Sharpie, Walmart, Airbnb, Disney Locations: AskMakeIt@cnbc.com, Upland , California, It's, Jurupa Valley , California

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