The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Author: usaeverydaylife
Thinking about opening a certificate of deposit? You’re not alone, especially if you’re just starting your savings journey. According to a new survey by Santander Bank, 74% of Gen Z is interested in locking in a CD before rates decline.There’s not much time left, though: All signs point to a reduction in the federal funds rate when the Federal Reserve meets on September 16 and 17.When that happens, returns on CDs decline, almost immediately. That’s because the Fed cuts the Federal funds rate, which dictates the interest financial institutions charge each other when borrowing to meet their reserve requirements.When the…
Lisa Cook, governor of the US Federal Reserve, speaks at the Peterson Institute For International Economics in Washington, DC, US, on Thursday, Oct. 6, 2022.Ting Shen | Bloomberg | Getty ImagesA loan estimate for an Atlanta home purchased by Lisa Cook, the Federal Reserve governor accused of mortgage fraud by the Trump administration, shows that Cook had declared the property as a “vacation home,” according to a document reviewed by Reuters.The document, dated May 28, 2021, was issued to Cook by her credit union in the weeks before she completed the purchase and shows that she had told the lender…
OpenAI on Friday introduced a new program, dubbed the “OpenAI Grove,” for early tech entrepreneurs looking to build with artificial intelligence, and applications are already open.Unlike OpenAI’s Pioneer Program, which launched in April, Grove is aimed towards individuals at the very nascent phases of their company development, from the pre-idea to pre-seed stage.For five weeks, participants will receive mentoring from OpenAI technical leaders, early access to new tools and models, and in-person workshops, located in the company’s San Francisco headquarters.Roughly 15 members will join Grove’s first cohort, which will run from Oct. 20 to Nov. 21, 2025. Applicants will have…
Dan Ives, Wedbush, joins ‘Fast Money’ with reaction to iPhone 17 pre-order demand. Source link
EPA Administrator Lee Zeldin makes a water policy announcement and holds a signing ceremony with members of the West Virginia Congressional Delegation at the EPA headquarters in Washington, D.C., U.S., Feb. 18, 2025. Kent Nishimura | ReutersThe U.S. Environmental Protection Agency proposed on Friday a rule to end a mandatory program requiring 8,000 facilities to report their greenhouse gas emissions – an effort the agency said was burdensome to business, but which leaves the public without transparency around the environmental impact of those sources.The agency said mandatory collection of GHG emissions data was unnecessary because it is “not directly related to…
Rick Rieder, BlackRock Senior Managing Director, Chief Investment Officer of Global Fixed Income, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023.Adam Jeffery | CNBCThe White House search for the next Federal Reserve chair continues to twist and turn, with BlackRock bond chief Rick Rieder emerging as the latest hot candidate.Administration sources tell CNBC that the asset management giant’s chief investment officer of global fixed income interviewed Friday with Treasury Secretary Scott Bessent, the Trump administration’s point man for Jerome Powell’s successor.”Whoever ends up being the Fed chair, there’s so many innovative things,” Rieder said…
Rieder, a widely followed investor on Wall Street, said in a panel at the Future Proof Festival in Huntington Beach, Calif.. that he’s bullish on Big Tech and he’s also been buying long-dated municipal bonds. Source link
Stellantis’ Ram 1500 Revolution battery-electric concept pickup truck is introduced during a keynote address by Stellantis CEO Carlos Tavaras during CES 2023 at The Venetian Resort Las Vegas on January 05, 2023 in Las Vegas, Nevada. Ethan Miller | Getty ImagesStellantis’ Ram brand is canceling plans to develop a full-size electric Ram 1500 pickup truck, citing slowing demand for electric vehicles.”As demand for full-size battery electric trucks slows in North America, Stellantis is reassessing its product strategy and will discontinue development of a full-size BEV pickup,” a company spokesperson said Friday in a statement, using the industry acronym for battery electric…
new video loaded: What We Know About Bolsonaro’s ConvictionBy Ana Ionova, Katrin Bennhold, Christina Thornell, Leila Medina and Laura Salaberry•September 12, 2025Brazil’s top court convicted former President Jair Bolsonaro on charges of plotting a coup to remain in power after losing the 2022 presidential election. Ana Ionova, reporting from Brasília, explains the charges and what comes next. Source link
