Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

The entire world is talking about <keyword id="19918897" type="General" weightage="20" keywordseo="Ozempic" source="keywords">Ozempic</keyword>, its ability to aid <keyword id="19923802" type="General" weightage="20" keywordseo="weight-loss" source="keywords">weight loss</keyword> having made it a favourite amongst individuals across all age groups. But this fairly new <keyword id="20037810" type="General" weightage="20" keywordseo="diabetes-drug" source="keywords">diabetes drug</keyword> seems to have a few more tricks up its sleeve. New research has found that Ozempic (or <keyword id="20037812" type="General" weightage="20" keywordseo="semaglutide" source="keywords">semaglutide</keyword>), already a staple in diabetes and weight-loss treatments, might offer significant relief for <keyword id="23775575" type="General" weightage="20" keywordseo="knee-osteoarthritis" source="keywords">knee osteoarthritis</keyword>! A recent phase 3 <keyword id="20663810" type="General" weightage="20" keywordseo="clinical-trial" source="keywords">clinical trial</keyword> led by an international research team showed that a weekly dose of 2.4 milligrams of semaglutide outperformed placebo treatments in relieving knee pain, supporting weight loss and improving physical activity levels for people with knee osteoarthritis. Knee osteoarthritis, a degenerative joint disease, occurs when the protective cartilage in the knee joint wears down, leading to pain, stiffness, and reduced mobility. Obesity is a major risk factor for this condition, and weight loss has been shown to alleviate symptoms. Semaglutide, a glucagon-like peptide-1 receptor agonist (GLP-1RA), works by mimicking the body's natural satiety hormone, GLP-1, thereby reducing appetite and promoting weight loss. Additionally, the drug has anti-inflammatory properties that reduce immune system overreactions, curbing swelling and tissue damage, which may explain its effectiveness in alleviating knee pain. <div type="Article" hostid="261" msid="112954964" title="Weight-loss drugs like Ozempic could help slow biological aging, researchers say" mstype="2" mssubtype="0"></div>The trial results were impressive: participants who took semaglutide lost, on average, 13.7 percent of their body weight compared to 3.2 percent for those on the placebo. Pain scores also dropped significantly more in the semaglutide group—by 41.7 points compared to 27.5 points on a scale from 0 to 96. Rheumatologist Henning Bliddal from Copenhagen University Hospital, Denmark, highlighted the striking impact, noting that some participants experienced such significant <keyword id="20386325" type="General" weightage="20" keywordseo="pain-relief" source="keywords">pain relief</keyword> that they could no longer participate in the study. While these findings offer hope, there are some important considerations. The study received partial funding from <keyword id="19918898" type="General" weightage="20" keywordseo="Novo-Nordisk" source="keywords">Novo Nordisk</keyword>, semaglutide’s manufacturer, and there was no verification of participants’ adherence to recommended diet and exercise routines. Moreover, semaglutide is expensive, and weight can return if the drug is discontinued. However, for individuals suffering from knee osteoarthritis, the prospect of a drug that can alleviate pain, promote weight loss, and improve physical function is truly exciting. As further research is conducted, we may soon see semaglutide emerge as a valuable tool in the management of this debilitating condition. <div type="Article" hostid="261" msid="111022230" title="Top doctor warns against taking weight loss drugs such as Ozempic to get &amp;#39;beach body ready&amp;#39; for summer" mstype="2" mssubtype="0"></div>

Ozempic study shows it can ease severe knee pain alongside its weight loss benefits!

<ul class="summary-list"><li>Bond yields surged after Trump's reelection, which could impact the rate borrowers get on loans. </li><li>The 10-year Treasury yield rose 18 basis points, and the 30-year bond yield saw its biggest jump since March 2020. </li></ul>Bond yields are soaring after <a target="_blank" class="" href="https://www.businessinsider.com/election-results-trump-harris-presidential-election-2024-11">Donald Trump's reelection,</a> suggesting that US borrowers might not get the relief they've been hoping for as Trump's policies have the potential to complicate the Federal Reserve's interest rate plans. The 10-year US Treasury yield surged 18 basis points on Wednesday morning to 4.477%, representing the highest level since July 1. It's surged 76 basis points since <a target="_blank" class="" href="https://www.businessinsider.com/mortgage-rate-increase-since-federal-reserve-cut-interest-rates-housing-2024-10">the Fed launched its first interest rate cut</a> of the cycle in mid-September.Longer-term yields also spiked, with the 30-year US Treasury yield jumping as much as 24 basis points for its biggest move higher since March 2020.Treasury yields influence the pricing of consumer and corporate debt, and the latest moves higher <a target="_blank" class="" href="https://www.businessinsider.com/mortgage-rates-influence-when-we-pay-off-mortgage-2024-11">will put pressure on consumer borrowers</a> who want to take out a mortgage to buy a house or an auto loan to buy a car. The average 30-year fixed mortgage rate — which closely tracks the 10-year Treasury yield — <a target="_blank" class="" href="https://www.businessinsider.com/todays-mortgage-rates-wednesday-6-2024-11">has been creeping up toward 7%</a> and is likely to eclipse that level if Wednesday's yield surge holds. That would send mortgage rates back to the levels they were at this summer, dimming hopes for potential home buyers to see some improvement in affordability. The surge in bond yields is being <a target="_blank" class="" href="https://www.businessinsider.com/market-impact-presidential-election-scenarios-trump-harris-stocks-bonds-crypto-2024-10">driven by the expectation that Trump's policy proposals,</a> like broad tariffs, tax cuts, and the deportation of millions of immigrants, would be inflationary, driving up prices and wage growth. That would cause the Fed to change its road map for further interest rate cuts as prices and wage growth once again creep up. "The Federal Reserve may take the view that if fiscal policy is going to be loosened relative to their previous baseline forecast then it needs to run monetary policy tighter, implying a higher neutral interest rate to keep inflation at its 2% target," James Knightley, an economist at ING Economics, said.While markets expect the Fed to proceed with a 25 basis point interest rate cut at its meeting on Thursday, the chances of another 25 basis point rate cut in December dropped to 66% on Wednesday from 77% on Tuesday, according to the CME's FedWatch Tool.Economist Derek Tang of LH Meyer/Monetary Policy Analytics said the Fed could already be recalibrating monetary policy to adapt to the expectations of a second Trump term."Their psychology might be, 'By cutting a little bit more slowly, that gives us a little bit more time to observe what's actually happening with inflation expectations and the labor market,'" <a target="_blank" class="" href="https://www.bloomberg.com/news/articles/2024-11-06/trump-victory-raises-big-uncertainties-for-the-federal-reserve">Tang said.</a>Trump himself strongly advocated for the Fed to cut interest rates aggressively during his first term as President, and also said during his campaign that the President should have a say in monetary policy.With Fed Chairman Jerome Powell's term set to end in May 2026, the nomination of a new Fed chair who is open to lowering interest rates despite the potential for higher inflation could occur."President Trump has an easy pathway to nominating and installing a candidate that is more willing to accommodate his views on interest rate policy," ING's Knightley said.

One market's reaction to Trump's win shows the economy might not get the immediate relief many hope for     

The <keyword id="19900359" type="General" weightage="20" keywordseo="Indian-Navy" source="keywords" meta.keywordsubtype="org" meta.entityname="Indian Navy" meta.hostid="261" meta.entityid="Indian Navy">Indian Navy</keyword> has started rapid preparations to deploy <keyword id="19940434" type="General" weightage="20" keywordseo="humanitarian-assistance" source="keywords">Humanitarian Assistance</keyword> and <keyword id="20018481" type="General" weightage="20" keywordseo="disaster-relief" source="keywords">Disaster Relief</keyword> (HADR) operations in response to the devastating flash floods in Myanmar, in response to <keyword id="23060948" type="General" weightage="20" keywordseo="Typhoon-Yagi" source="keywords">Typhoon Yagi</keyword>. The typhoon, which has originated from the South China Sea, is being recognised as the most powerful storm in Asia this year. The Eastern Naval Command, in coordination with the Eastern Fleet, Base Victualling Yard (BVY), Material Organisation, and INHS Kalyani, has completed the overnight loading of essential relief supplies onto naval ships set to depart from Visakhapatnam. The supplies include critical items such as HADR gear, drinking water, rations, and medicines. These materials are being sent to Yangon. "This rapid mobilisation comes despite the short notice, showcasing the Navy's ability to swiftly respond to humanitarian crises in the region," the Ministry stated. Earlier on Sunday, External Affairs Minister S Jaishankar on Sunday, informed that, as a part of <keyword id="23180167" type="General" weightage="20" keywordseo="Operation-Sadbhav" source="keywords">Operation Sadbhav</keyword>, the government has dispatched humanitarian aid to Myanmar, Vietnam and Laos. In a post on X, External Affairs Minister, S Jaishankar said, "India launches Operation Sadbhav. Demonstrating our solidarity with the people affected by Typhoon Yagi, India is dispatching aid to Myanmar, Vietnam and Laos. 10 tons of aid including dry ration, clothing and medicines left for Myanmar onboard Indian Navy INS Satpura today. @IAF_MCC is carrying 35 tons of aid comprising of water purification items, water containers, blankets, kitchen utensils, solar lanterns for Vietnam. 10 tons of aid comprising genset, water purification items, hygiene supplies, mosquito nets, blankets and sleeping bags for Laos." Typhoon Yagi, recognised as the most powerful storm in Asia this year, has had a devastating impact across southern China and Southeast Asia over the past week. The storm, characterised by intense rainfall and powerful winds, initially struck the Philippines, causing over a dozen fatalities. The storm has been characterised by its intense rainfall and formidable winds, leading to substantial loss of life and extensive damage, CNN reported. The typhoon first made landfall in the Philippines, where it claimed the lives of over a dozen people. After striking the Philippines, Yagi continued its westward journey, impacting southern China before affecting parts of Vietnam, Thailand, Myanmar, and Laos. Almost a week after it initially hit, many regions in northern Vietnam and northern Thailand are still underwater. The relentless flooding has caused widespread disruption, and communities are facing severe challenges as they attempt to cope with the aftermath. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/webstories/arkade-developers-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/113384216.cms">Arkade Developers IPO – Price band to risk factors, all you need to know</a> <a href="https://www.businessinsider.in/tech/mobile/news/xiaomi-and-samsung-accused-of-colluding-with-amazon-and-flipkart/articleshow/113381204.cms">Xiaomi and Samsung accused of colluding with Amazon and Flipkart</a> <a href="https://www.businessinsider.in/tech/mobile/news/motorola-edge-50-neo-with-dimensity-7300-50mp-camera-launched-in-india/articleshow/113386868.cms">Motorola Edge 50 Neo with Dimensity 7300, 50MP camera launched in India</a>

Indian Navy gears up for humanitarian assistance, disaster relief in Myanmar amid Typhoon Yagi

<ul class="summary-list"><li>President-elect Donald Trump is unlikely to continue Biden's student-debt relief efforts.</li><li>Trump has opposed broad student-debt relief and did not prioritize targeted relief during his first term.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/student-loan-forgiveness-will-election-impact-debt-relief-harris-trump-2024-10">Student-loan relief is now a lot more uncertain</a> for millions of federal borrowers. Two efforts, in particular, are in the hot seat.President Joe Biden's SAVE income-driven repayment plan, intended to give borrowers cheaper monthly payments and a shorter timeline for relief, <a target="_blank" class="" href="https://www.businessinsider.com/save-plan-blocked-student-loan-borrowers-cheaper-payments-debt-cancellation-2024-7">has been blocked in court</a> since July following a lawsuit by GOP-led states.In addition, the president's broader student-loan forgiveness plan, intended to <a target="_blank" class="" href="https://www.businessinsider.com/biden-announces-new-student-loan-forgiveness-plan-who-qualifies-relief-2024-4">benefit over 30 million borrowers</a>, is also blocked in court pending a final decision.Under Biden, the Education Department <a target="_blank" class="" href="https://www.businessinsider.com/student-loan-forgiveness-pslf-borrowers-getting-debt-cancellation-biden-relief-2024-7">canceled billions of dollars in student loans</a> for nearly 5 million borrowers. Though he hasn't been able to pass broad forgiveness, the relief was a result of targeted actions for borrowers on programs including Public Service Loan Forgiveness and income-driven repayment plans.President-elect Donald Trump is unlikely to continue both Biden's targeted debt relief efforts and the broader student-loan forgiveness initiatives that are blocked in court."He's throwing money out the window," Trump <a target="_blank" class="" href="https://www.businessinsider.com/trump-student-loan-forgiveness-illegal-no-debt-relief-election-biden-2024-6">previously said of Biden's debt relief efforts</a>, also calling broad relief "vile" and illegal.When Business Insider asked Trump's campaign if the president-elect would oppose student-loan forgiveness, Karoline Leavitt, the Trump-Vance transition spokeswoman, said in a statement: "The American people re-elected President Trump by a resounding margin giving him a mandate to implement the promises he made on the campaign trail. He will deliver."The campaign did not elaborate on what Trump would do for student-loan borrowers. However, Americans can look back at Trump's first term in the White House to gauge the actions he might take on student debt. His Education Department ran up a backlog in processing applications for PSLF and borrower defense to repayment applications, which allow relief for those who were defrauded by the schools they attended.Trump has also suggested getting rid of the Education Department altogether. Some advocates have vowed to fight for borrower protections under Trump's second term — Mike Pierce, executive director of the advocacy group Student Borrower Protection Center, said in a statement after Trump won the election that Trump's policies left "millions drowning in student debt.""The threat posed by these plans is real and will imperil the financial stability of millions of working families," Pierce said. "Making the basics of American life more expensive remains bad policy and bad politics."Republican lawmakers in Congress also oppose student-loan forgiveness. If they secure the majority in both the House and Senate, legislation to rescind Biden's debt relief efforts has a chance of being signed into law. For now, millions of borrowers remain on forbearance as they wait for the courts to decide what will come of Biden's broader debt relief efforts, leaving their timeline for repayment in limbo.How do you feel about the future of your student loans under President-elect Donald Trump? Share your story with this reporter at <a target="_blank" class="" href="mailto: asheffey@businessinsider.com">asheffey@businessinsider.com</a>.

Student-loan borrowers can expect 2 of Biden's key debt relief efforts to face roadblocks under Trump

In a small village in Zambia, a teenager carries the key to her <keyword id="21911075" type="General" weightage="20" keywordseo="bicycle" source="keywords">bicycle</keyword> lock around her neck like an ornament. Her father, the leader of the hamlet frowns upon it. But it has little to no effect on her, because the bicycle was her key to freedom, and symbolic of the agency she now had over her life. <div type="image" title="Students of Government Manorama Vidyapith Girls High School in Patna (2009)" agency="BCCL" msid="113057493" hostid="261"></div> Similarly, a girl in her neighbouring village would deflate her cycle’s tyres every day, and bury the key somewhere far from the reach of her brother, to stop him from using it. Why were these young women so territorial and proud over a seemingly modest mode of commute to their school? How is it related to Bihar, and how has something as small and insignificant as a bicycle paved the way for a broader movement of woman empowerment? Read on to find out! <h2>Bihar’s Mukhyamantri Balika Cycle Yojana</h2>Being one of the most impoverished states in India, Bihar is plagued with a large gender gap in school attendance. This gap in attendance in schools only grows with age. The enrollment of girls in primary school is satisfactory, largely due to the availability of primary schools and the introduction of schemes like the midday meal. However, distance remains a huge barrier in the hinterlands, pushing them further away from attending secondary school. In 2006, the Nitish Kumar-led state government, launched the Mukhyamantri Balika Cycle Yojana, a pioneering cash-for-kind program to empower girls through education. The program initially provided ₹2000 to 14-year-old girls enrolled in 9th grade, enabling them to purchase bicycles. This initiative was designed to address one of the most significant barriers to education for girls in Bihar—long distances to secondary schools. But, how profound were the implications of this policy intervention? In 2008, <a href="https://www.nishithprakash.com">Professor Nishith Prakash</a> from Northeastern University and <a href="https://econweb.ucsd.edu/~kamurali/index.html">Professor Kartik Muralidharan</a> of the University of California, San Diego embarked on a study to gauge the policy’s impact with support from the International Growth Centre (IGC). Their research found that this bicycle program increased age-appropriate secondary school enrolment for girls aged 14-15 by 32%. It also reduced the gender gap in enrolment by 40%. Moreover, the number of girls appearing for and passing the 10th-grade exam rose by 18% and 12%, respectively. The success of this initiative highlighted the transformative power of providing a bicycle. Inspired by the Bihar program's success, Professor Prakash later collaborated with <a href="https://worldbicyclerelief.org">World Bicycle Relief (WBR)</a> and Zambia's Ministry of General Education to implement a similar initiative in the Southern province of Zambia. <h2>After Bihar, why Zambia?</h2>Zambia is a landlocked country in Southern Africa that has made significant strides in improving access to primary education with near-universal primary school enrolment. However, the story, when it comes to girls in secondary education, is markedly different. The drop-off for girls, as they transition to secondary education is stark. According to the World Bank’s 2015 report ‘Policy Brief: Zambia,’ their enrolment fell to just 61% at the lower secondary level. The same report states that girls drop out of school at double the rate of boys in Grade 7 and triple the rate of boys by Grade 11. <h2>A tough road to secondary school</h2>Transitioning to, and completing secondary education is particularly challenging for girls, primarily due to barriers like school fees, long distances to school, and societal factors such as teenage pregnancy and child marriage. These challenges are even more pronounced in rural areas. Additionally, this transition to secondary school often coincides with the onset of menstruation, which brings its own set of challenges. The lack of menstrual hygiene facilities in schools, coupled with the stigma and lack of awareness surrounding menstruation, further exacerbates the already significant gap in girls' education. Nearly 98% of girls in their sample reported walking to school, spending an average of 110 minutes commuting just one way, as reported in a <a href="https://www.cesifo.org/en/publications/2022/working-paper/wheels-change-transforming-girls-lives-bicycles">new study</a> authored by Professor Nishith Prakash and his collaborators. Alarmingly, 35% of these girls reported experiencing sexual harassment during their commute, highlighting just how perilous a journey many face in their pursuit of education. This <a href="https://www.cesifo.org/en/publications/2022/working-paper/wheels-change-transforming-girls-lives-bicycles">intervention</a> was introduced in Zambia, providing bicycles to girls in 100 schools across three districts, and the results were promising. Overall absenteeism dropped by 29%, translating to an additional five school days per year for girls in the Southern Province, where the average primary school student missed 18 days annually. Girls in the schools who received the bicycles were 38% less likely to drop out of school compared to those in the schools who did not receive the bicycles. <h2>Pedalling towards a safer commute</h2>The impact of these bicycles extended beyond just improved attendance. The program also led to enhanced perceptions of safety among the girls. One year after the intervention, girls in the treatment group reported a 22% reduction in instances of being teased or harassed on their way to school. Additionally, the probability of girls missing school or leaving early due to safety concerns dropped by 39%. Post the success of this program, the United States Agency For International Development (USAID) awarded $3.5 million to fund bicycles for growth initiatives to increase access in rural communities in Sub-Saharan Africa, mainly Ghana, Malawi, Rwanda, Uganda, and Zambia. Additionally, the Ministry of General Education (Zambia) scaled up the cycle program in several districts in Zambia. Simply put, the bicycles in Bihar and Zambia gave young girls the agency of making choices for themselves. While the immediate benefit of these programs was providing the means for women to travel to school, the long-term impact reveals significant shifts in attitudes among both the women involved and the communities around them! But did you know that the use of bicycles to provide women with this much-needed agency isn’t new and was actively instituted by women during the suffrage movement of the 19th century — a decades-long fight to win the right to vote for women in the United States? <h2>Corsets to cycles: The Suffrage movement &amp; bicycles</h2> <div type="image" title="A woman with a bicycle in early 1900s" msid="113057788" hostid="261"></div> In the late 19th century, during the American industrial revolution, a seemingly simple invention sparked a movement that would forever change women's lives — the bicycle. As the country experienced a ‘bicycle craze,’ the first wave of the women’s rights movement was gaining momentum. The bicycle quickly became more than just a mode of transportation; it became a powerful symbol of change and progress in the fight for women’s emancipation. In fact, the introduction of the bicycle revolutionised women’s fashion, breaking away from restrictive corsets and long skirts that had previously hindered their mobility. Instead, women began to adopt more practical, comfortable clothing that allowed them to cycle freely. The image of the ‘new woman’ emerged — educated, sporty, and career-oriented — with a bicycle as her constant companion. In 1895, at the age of 80, suffragist leader <keyword id="23037502" type="General" weightage="20" keywordseo="elizabeth-cady-stanton" source="keywords">Elizabeth Cady Stanton</keyword> predicted the power of the bicycle in transforming the lives of women. Having the ability to be self-reliant, often for the first time in their lives, would encourage them to be more courageous in other areas as well. While back then, their fight was for their right to vote in political elections, times have changed. Women have to fight different battles — some new and some old — to realise and utilise their potential. What has remained constant in this journey is the bicycle! Susan B. Anthony, another suffragist leader further opined, “Let me tell you what I think of bicycling. I think it has done more to emancipate women than anything else in the world. It gives women a feeling of freedom and self-reliance. I stand and rejoice every time I see a woman ride by on a wheel…the picture of free, untrammelled womanhood.” Had she known that several decades later, this simpleton mode of transport would continue to improve the lives of young women in remote parts of the Global South, she would’ve been happy to her heart's content! If something as mundane as access to mobility has historically brought such great results, what can be done to bring greater mobility for women in policy-making today? Professor Nishith Prakash suggests that mobility needs to be thought of in a broader context. Mobility in the case of women isn’t just freedom to be able to go from one place to another. There are multiple actors at play, including their actual safety and the perception of feeling safe in an environment. Cultural norms in most societies across the globe, and in India, automatically grant the power of key-decision making to men. For these archaic norms to be challenged, he suggests changes in curriculum from early childhood. Reiterating the importance of agency in making choices for themselves, there need to be jobs for them to want to step out of the confines of their homes. And once they do, nothing can stop them from cycling away to their freedoms!

SIMPLY PUT: Two Wheels, One Mission — Bicycles empowering girls in Bihar and Zambia, a call-back to 19th century Suffrage movement

<ul class="summary-list"><li>This post originally appeared in the Insider Today newsletter.</li></ul>Good morning. Milton has strengthened once again into a Category 5 hurricane. Gas stations across Florida are already <a target="_blank" rel="noopener" href="https://www.businessinsider.com/florida-gas-stations-out-of-fuel-before-hurricane-milton-landfall-2024-10">running out of fuel</a> as millions of people try to flee.In today's big story, we got our first interest-rate cut, <a target="_blank" href="https://www.businessinsider.com/fed-interest-rate-cuts-outlook-economy-recession-no-landing-borrowing-2024-10">but it doesn't feel like it for many consumers</a>.What's on deck:<ul><li>Markets: Roblox is the latest target of <a target="_blank" href="https://markets.businessinsider.com/news/stocks/roblox-stock-price-short-seller-hindenburg-report-gaming-inflated-metrics-2024-10">short-seller Hindenburg Research</a>.</li><li>Tech: The DOJ is considering asking a judge to <a target="_blank" rel="noopener" href="https://www.businessinsider.com/google-search-antitrust-case-doj-remedy-alphabet-2024-10">break up Google</a>.</li><li>Business: Walt Disney World will temporarily <a target="_blank" href="https://www.businessinsider.com/disney-world-shut-down-hurricane-milton-florida-orlando-parks-2024-10">close its doors</a> for Hurricane Milton.</li></ul>But first, we're canceling the landing.If this was forwarded to you, <a target="_blank" href="https://www.businessinsider.com/subscription/newsletter/insider-today">sign up here.</a><h3 id="7fa5f018-5b05-4a37-a8dc-d3f89138bcb3">The big story</h3><h2 id="5fd547b9-ec52-41fc-8e08-4f4b27dd8097">So much for the help</h2><div type="image" title="Business person in a suit holding scissors, preparing to cut strings suspending a stack of cash, with a group of people standing below" height="1500" width="2000" msid="114087130" hostid="261" sizebytes="264596"></div>The US economy is having an Instagram vs. reality moment.Last month's interest-rate cuts were supposed to kick off a new era. After two years of battling inflation, the Federal Reserve finally claimed victory. More rate cuts were coming, which meant lower borrowing costs for everyone.<a target="_blank" href="https://www.businessinsider.com/fed-interest-rate-cuts-outlook-economy-recession-no-landing-borrowing-2024-10">But the relief many were hoping for isn't materializing</a>, writes Business Insider's Jennifer Sor. Let's break down why.We finally got an interest-rate cut, but borrowing costs are still high. What gives? First off, last month's interest-rate cut wasn't going to provide immediate relief. It takes time for cuts to trickle down to consumers. The Fed also telegraphed the cut, so the market started pricing it in.That seems fair, but borrowing rates are still rising in some cases. Yes, the average 30-year fixed mortgage rate <a target="_blank" href="https://www.businessinsider.com/mortgage-rate-increase-since-federal-reserve-cut-interest-rates-housing-2024-10">has gone up 47 basis points since the Fed cut rates</a>, writes BI's Matthew Fox.So the Fed cut rates but borrowing costs went up? How is that possible? You can thank the 10-year Treasury yield, <a target="_blank" href="https://www.businessinsider.com/economy-outlook-impact-of-rate-cuts-10-year-treasury-yields-2024-9">which is a key benchmark used by</a> lenders. It went above 4% this week for the first time since August.I'm confused. Why is there such a discrepancy between the two? The Fed's rate is focused on the short-term while the 10-year Treasury reflects a longer-term view (hence the name). As a result, the 10-year bond yield can diverge from the Fed's benchmark rate.Gulp So what does the 10-year Treasury rising mean for the economy? Big picture, it's a good thing. Thanks to a stellar jobs report, investors have a positive view of the economy's future. But the downside is we shouldn't expect the slew of rate cuts investors were banking on. The economy will likely avoid a recession and not need the help.Is this a soft landing or a hard landing? Neither. It's considered a "no landing" because the economy remains strong, but in a way that risks reigniting inflation, which would hamstring the prospect of future stimulative rate cuts.What's with all the aviation metaphors? I don't know.OK, so at this rate, will I ever be able to buy a house? It's honestly not as bad as it seems. BI's James Rodriguez, who's covered the housing market for a while, <a target="_blank" href="https://www.businessinsider.com/housing-market-ice-age-homebuyers-mortgage-rates-spring-real-estate-2024-10">has a piece on why the industry's ice age is starting to thaw</a>. There was a 34% year-over-year increase in active listings in September. More inventory will help unstick the economy.<h3 id="77f31a4c-8462-4e3d-a71f-838cb79493fb">News brief</h3><h2 id="1fcd294b-3f53-425f-9f20-4093e8623b59">Top headlines</h2><ul><li>The Kremlin says <a target="_blank" rel="noopener" href="https://www.businessinsider.com/kremlin-says-trump-sent-putin-covid-tests-pandemic-denies-calls-2024-10">Trump sent Putin COVID tests</a> during the pandemic, but denies subsequent calls.</li><li>Boeing's negotiations with union leaders <a target="_blank" rel="noopener noreferrer" href="https://www.businessinsider.com/boeing-strike-negotiations-union-leaders-break-down-after-two-days-2024-10">break down 2 days after restarting</a>.</li><li>Exclusive: AI cloud startup Ori is in talks to raise up to $80 million in funding, <a target="_blank" href="https://www.businessinsider.com/ori-gpu-ai-startup-talks-raise-funding-nvidia-2024-10">sources say</a>.</li><li>A surprising company <a target="_blank" rel="noopener" href="https://www.businessinsider.com/robotaxi-ridesharing-tesla-waymo-uber-2024-10">might beat Elon Musk</a> in the robotaxi race.</li><li>Influencers are swiping a new black card at <a target="_blank" href="https://www.businessinsider.com/influencer-marketing-startup-oth-network-pays-creators-products-services-2024-10">restaurants, spas, and fitness studios</a>.</li><li>I don't allow Roblox in my house. <a target="_blank" rel="noopener" href="https://www.businessinsider.com/roblox-not-allowed-my-child-kids-why-explained-2024-10">Here's why</a>.</li></ul><h2 id="8120060b-ae66-48dc-b149-f0489a30ffa2">3 things in markets</h2><div type="image" title="Photo of wave hitting Florida park" height="1000" width="2000" msid="114087135" hostid="261" sizebytes="112966"></div><ol><li>The Hurricane Milton trade is in full effect, according to US natural gas futures. Energy traders are betting the storm barreling toward Tampa will cause power outages in multiple states. <a target="_blank" href="https://markets.businessinsider.com/news/commodities/hurricane-milton-power-outage-florida-electricity-natural-gas-prices-futures-2024-10">Futures on US natural gas have dropped 8% over the past few days</a> as power plants are expected to be left idling as demand evaporates.</li><li>A short-seller takes aim at Roblox for "lying to investors." Hindenburg Research accused the online gaming platform of <a target="_blank" href="https://markets.businessinsider.com/news/stocks/roblox-stock-price-short-seller-hindenburg-report-gaming-inflated-metrics-2024-10">inflating its user numbers</a> by including bots and players with multiple accounts. It also called Roblox a "pedophile hellscape," claiming child users are exposed to grooming and pornography. A Roblox spokesperson said in a statement it "totally" rejected the claims made in the report.</li><li>Bank of America is bullish on stock gains ahead of this earnings season. "The bar isn't high," BofA analysts said in a Tuesday note. Stocks should rise as long as companies report they're <a target="_blank" href="https://markets.businessinsider.com/news/stocks/stocks-q3-earnings-lower-rates-stocks-returns-outlook-bofa-2024-10">feeling good about lower rates</a>.</li></ol><h2 id="f4b54806-7f81-450c-ba32-92560d4fae9b">3 things in tech</h2><div type="image" title="Vinod Khosla" height="900" width="1200" msid="114087136" hostid="261" sizebytes="76966"></div><ol><li>OpenAI's exec exodus might actually be a good thing, Vinod Khosla says. The legendary investor backing OpenAI has <a target="_blank" href="https://www.businessinsider.com/openai-vinod-khosla-fixing-ai-image-2024-10">plenty of confidence in the startup</a>, even after multiple high-profile exits. He also thinks the AI industry is catching strays from "Luddites" — those who think the tech is a slippery slope into a Westworld-ian apocalypse.</li><li>The DOJ may seek to break up Google. After a major antitrust lawsuit against Google, a federal judge ruled that it illegally monopolized online search. Now, prosecutors are proposing "behavioral and structural remedies." If enacted by a judge, the changes could <a target="_blank" rel="noopener noreferrer" href="https://www.businessinsider.com/google-search-antitrust-case-doj-remedy-alphabet-2024-10">force a major reorganization or even a breakup</a> of some of Google's basic businesses, including its search engine.</li><li>Where are the Gen Z Mark Zuckerbergs? Gen Zers, aged 13 to 27, haven't produced any big-name tech founders like previous generations. But don't just blame it on Zoomers' blasé attitudes toward work — <a target="_blank" href="https://businessinsider.com/gen-z-tech-founder-gap-zuckerberg-bezos-holmes-2024-10">there's a bigger reason</a>.</li></ol><h2 id="9260fa45-d397-4b3c-b4f8-4bb193976216">3 things in business</h2><div type="image" title="A screenshot of zara.com" height="1500" width="2000" msid="114087133" hostid="261" sizebytes="93076"></div><ol><li>Zara's bizarre website is the secret to its success. The site, which feels more like a magazine spread than an online retailer, is routinely roasted for being "virtually unusable." But experts say <a target="_blank" href="https://www.businessinsider.com/zara-website-memes-mocked-secret-success-aspirational-luxury-consumers-2024-10">there's a method to Zara's madness</a>: It's meant to project an upscale image, distancing itself from other fast-fashion brands.</li><li>The "happiest place on earth" takes a rain check. There are literally storm clouds forming over Florida's family-friendly amusement parks, as the state braces for Hurricane Milton. It's a <a target="_blank" href="https://www.businessinsider.com/disney-world-shut-down-hurricane-milton-florida-orlando-parks-2024-10">rare occasion for Disney World</a>, which has only closed its gates nine times in more than 50 years.</li><li>Tesla executives are hitting the exits. In the past week, <a target="_blank" href="https://www.businessinsider.com/elon-musk-loses-4-top-executives-ahead-of-robotaxi-event-2024-10">four of Elon Musk's direct reports have announced they're leaving</a>, or have already left, the company. Their departures come ahead of Robotaxi Day tomorrow, where Musk is tasked with convincing investors that Tesla is more than just a car company.</li></ol><h2 id="9f5d80ac-3466-429f-a50a-2ffbb70c65ff">What's happening today</h2><ul><li>Hurricane Milton is projected to hit the west coast of Florida, including the Tampa Bay area.</li><li>Federal Open Market Committee's September meeting minutes and forecast published.</li></ul>The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Jordan Parker Erb, editor, in New York. Hallam Bullock, senior editor, in London. Milan Sehmbi, fellow, in London. Amanda Yen, fellow, in New York.

Why the interest-rate cut isn't delivering the relief consumers were hoping for

<ul class="summary-list"><li>The US economy looks strong, but that's tough news for those hoping for cheaper borrowing costs.</li><li>Borrowers have been waiting for lower rates to improve the affordability of everything from homes to credit cards.</li></ul>The US economy looks like it's on course for what Wall Street has long considered the <a target="_blank" class="" href="https://www.businessinsider.com/dream-economic-scenario-inflation-job-market-unemployment-growth-federal-reserve-2023-11">dream scenario</a> — but that could actually diminish the <a target="_blank" class="" href="https://www.businessinsider.com/interest-rate-cuts-decision-this-week-federal-reserve-powell-inflation-2024-9">financial relief many Americans have been waiting for</a>.The no-landing scenario — in which the economy dodges a recession and continues to grow — was coveted by investors for its implications for stocks as economic strength props up the ongoing bull rally. However, the risk for everyday Americans is that rates fail to come down enough to provide meaningful relief.The case for the no-landing outcome was revived by the <a target="_blank" class="" href="https://www.businessinsider.com/september-jobs-report-unemployment-rate-nonfarm-payroll-growth-federal-reserve-2024-10">blowout jobs report</a> last Friday, which showed that the economy added 254,000 jobs in September, far above economists' estimates. Meanwhile, job gains for the months of July and August were also revised upward.Those are promising signs that the economy hasn't materially weakened after years of higher interest rates, and that the Federal Reserve may not need to loosen monetary policy as much as previously thought.This week, Ed Yardeni, the president of Yardeni Research, said he thinks the Fed is done cutting rates for the rest of the year."September's strong employment report and upward revisions in July and August murdered the hard-landing scenario," Yardeni said in a <a target="_blank" href="https://www.businessinsider.com/interest-rate-cuts-fed-outlook-recession-economy-stocks-ed-yardeni-2024-10#:~:text=The%20Fed%20is%20done%20cutting%20interest%20rates%20for%20the%20rest,triggered%20by%20oil%20prices%20spiking.">note</a> to clients this week.As the no-landing scenario becomes increasingly priced into the bond market — the 10-year Treasury yield is above 4% this week for the first time since August — the impact is being felt in a key segment of the economy: housing.<a target="_blank" class="" href="https://www.businessinsider.com/mortgage-rate-increase-since-federal-reserve-cut-interest-rates-housing-2024-10">The 30-year mortgage rate has crept higher</a>, not lower, since the Fed delivered its big rate cut. How further rate cuts impact mortgage costs is up in the air, and will depend on how the bond market reacts to future data.There's a secondary risk here, too. As the economy reaccelerates, inflation could become a problem again, solidifying a higher for longer interest rate outlook that many had abandoned after the Fed's jumbo rate cut last month."Stronger job creation may result in a rise in prices which further complicates the Fed's job. We think the jobs report removes the chance of another 50 bps rate cut at the meeting in November," Megan Horneman, the CIO of Verdence Capital Advisors, said on Monday.Steven Blitz, the chief US economist at TS Lombard, echoed that sentiment in a note on Tuesday. "The Fed will not get the funds rate down to 3%, but the terminal rate for this round will nevertheless end up too low and be kept there for too long. Inflation subsequently rebounds, and the Fed is back raising rates sooner than anyone expects," Blitz said. "The risk of this bad outcome arriving sooner than later rests with what has now become the biggest risk in the Fed's cut and aggressive guidance, and the one markets are not pricing — that there is no landing at all."For American consumers <a target="_blank" class="" href="https://www.businessinsider.com/interest-rate-cuts-decision-this-week-federal-reserve-powell-inflation-2024-9">hoping for relief from high borrowing costs </a>for the past two years, these are unwelcome developments.The interest rate on credit card loans from commercial banks rose to 21.7% in August, the highest rate recorded in at least the last 20 years, according to Federal Reserve data.The rate on 48-month new <a target="_blank" class="" href="https://fred.stlouisfed.org/series/TERMCBAUTO48NS">auto loans</a> also rose to 8.6% in August, the highest in more than a decade.Consumer <a target="_blank" class="" href="https://fred.stlouisfed.org/series/RCMFLOORIG">mortgage originations</a> at large banks also plunged to $44 billion in August, down from a peak of $212 billion in 2021, Philadelphia Fed data shows."With benchmark interest rates coming down, most prospective borrowers don't feel relieved of high borrowing costs," according to Mark Hamrick, a senior economic analyst at Bankrate. "Financing and affording big ticket purchases is still a stretch for many Americans, whether looking at homes, cars or household items that might be paid for using a credit card."

The economy is facing a 'no-landing' scenario that undercuts the financial relief many Americans hoped for

<ul class="summary-list"><li>Officials are urging people to stop spreading misinformation amid Hurricane Helene recovery efforts.</li><li>Both Republicans and Democrats have called out misinformation and false rumors.</li></ul>As rescue workers respond to the destruction in North Carolina after <a target="_blank" class="" href="https://www.businessinsider.com/hurricane-helene-north-carolina-flood-insurance-2024-10">Hurricane Helene</a>, government officials on both sides of the aisle are calling for a misinformation cease-fire.Since the hurricane made <a target="_blank" class="" href="https://www.businessinsider.com/hurricane-helene-slams-florida-power-outages-flooding-2024-9">landfall in Florida</a> and swept up <a target="_blank" class="" href="https://www.businessinsider.com/analysts-estimate-up-to-34-billion-damage-from-hurricane-helene-2024-10">to the Carolinas</a>, the storm itself has been swept up in another powerful force: American politics in a presidential election year.Some social media users are sharing unsubstantiated claims, some accompanied by fake AI-generated photos, criticizing the response from the Federal Emergency Management Agency (FEMA), the government's disaster relief group, and, by extension, the administration of President Joe Biden."It's not necessarily unusual for emergency situations to be breeding grounds for mis- and disinformation, but I do think we've seen a particularly large amount of false claims proliferating at this time," Mekela Panditharatne, a senior counsel at the Brennan Center for Justice, a nonprofit policy institute at New York University's School of Law, told Business Insider. "I don't think it's a coincidence that it's so close to a very consequential national election."<a target="_blank" class="" href="https://www.businessinsider.com/category/elon-musk">Elon Musk</a>, the billionaire owner of X and a <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-donald-trump-rally-butler-pennsylvania-assassination-attempt-2024-10">vocal supporter of former President Donald Trump</a>, has posted on his social media network saying that "<a target="_blank" class="" href="https://x.com/elonmusk/status/1842284913279586447">FEMA is both failing to help AND won't let others help</a>" and has reposted similar claims from others.Musk shared another claim that Asheville, North Carolina's airspace had been closed to block recovery efforts, prompting a fact-check from Transportation Secretary Pete Buttigieg, who said the Federal Aviation Administration was not shutting down the airspace. Buttigieg <a target="_blank" class="" href="https://x.com/SecretaryPete/status/1842271678274928964">told</a> Musk to call him with any issues, and after they <a target="_blank" class="" href="https://www.msnbc.com/inside-with-jen-psaki/watch/-he-called-buttigieg-reveals-details-of-conversation-with-elon-musk-about-storm-response-221029445906">spoke on the phone</a>, Musk posted that flights were underway and <a target="_blank" class="" href="https://x.com/elonmusk/status/1842350122899739050">thanked</a> Buttigieg.Trump has seized on the disaster to criticize the Biden administration and, by extension, his opponent, Vice President Kamala Harris, saying the Biden administration "stole the FEMA money" and "spent it all on illegal migrants," the Washington Post reported.His comments came after Department of Homeland Security Secretary Alejandro Mayorkas said FEMA would need more money from Congress to get it through the rest of hurricane season.A <a target="_blank" class="" href="https://www.washingtonpost.com/politics/2024/10/04/no-biden-didnt-take-fema-relief-money-use-migrants-trump-did/">Washington Post</a> investigation found no evidence that the Biden administration used disaster relief funds on the migrant crisis. However, amid hurricane season in 2019, Trump himself approved using $155 million in disaster relief funds for immigration detention at the border, the Post reported.<h2 id="27fd660a-73db-4a3c-9a26-23e6b84ae71d">Bipartisan calls to stop spreading 'junk' information</h2>Following the spike in false rumors, FEMA created a searchable <a target="_blank" class="" href="https://www.fema.gov/disaster/current/hurricane-helene/rumor-response">fact-checking page</a> to tackle misinformation about the relief efforts. In North Carolina, the Department of Public Safety also shared a fact-check on social media, which Democratic Gov. Roy Cooper has reposted.Republicans have also joined the fight against the false information. Kevin Corbin, a Republican member of the North Carolina Senate, issued a plea on <a target="_blank" class="" href="https://www.facebook.com/kevin.corbin/posts/pfbid02VZiZFjsikbNeD3AKwkkpv5nnXpmkxWr5sJRG1G51D6yN82NvywWVaA8M8XjcNdeol">Facebook</a> for people to stop spreading "conspiracy theory junk." He listed bizarre claims that he said he and other officials have heard, ranging from accusations that "FEMA is stealing money from donations" to the "government is controlling the weather from Antarctica.""It is just a distraction to people trying to do their job," Corbin wrote.<div type="image" title="A young man hands supplies down to a woman from the bed of a truck amid hurricane recovery efforts." height="3050" width="4575" msid="113997193" hostid="261" sizebytes="310870"></div>US Sen. Thom Tillis, also a Republican, echoed Corbin's comments on "Face the Nation with Margaret Brennan" on <a target="_blank" class="" href="https://www.cbsnews.com/news/thom-tillis-senator-north-carolina-face-the-nation-transcript-10-06-2024/">CBS News</a> on Sunday. He said many of the claims are "not even from people on the ground" and complicate rescue and recovery operations."It's at the expense of the hard-working first responders and people that are just trying to recover their life," Tillis said. "Quite honestly, most of what I've seen out there is a distraction and not helping the core of the effort right here, which is to save lives and start rebuilding."Panditharatne told BI that the spread of misinformation can "dissuade people from seeking the assistance that they need in this time of crisis.""It's perfectly legitimate to express an opinion or criticize the sufficiency of a response, but a number of the claims that we are seeing, particularly from high profile actors and politicians, are baseless, and they're contradicting verifiable facts or unsubstantiated by evidence," she said. "Where that is the case, I think it can divert public information and resources and demoralize officials on the ground."In a crisis, there may be gaps in available information, creating a vacuum for misinformation to "flood in to fill the void," Panditharatne said. However, she added that's not an excuse."I think anyone like Musk, who has a significant influence over the information ecosystem, should feel a sense of responsibility to promote information that doesn't undermine people's ability to access the aid that they need or undermine officials' response to a crisis," she said.The Trump campaign did not immediately respond to a request for comment. Representatives for X also did not immediately respond.

You Searched For "relief" and got 8 results

Ozempic study shows it can ease severe knee pain alongside its weight loss benefits!

Ashmita Gupta

One market's reaction to Trump's win shows the economy might not get the immediate relief many hope for

Matthew Fox

Indian Navy gears up for humanitarian assistance, disaster relief in Myanmar amid Typhoon Yagi

ANI

Student-loan borrowers can expect 2 of Biden's key debt relief efforts to face roadblocks under Trump

Ayelet Sheffey

SIMPLY PUT: Two Wheels, One Mission — Bicycles empowering girls in Bihar and Zambia, a call-back to 19th century Suffrage movement

Prerna Tyagi

Why the interest-rate cut isn't delivering the relief consumers were hoping for

Dan DeFrancesco

The economy is facing a 'no-landing' scenario that undercuts the financial relief many Americans hoped for

Jennifer Sor

Both Democrats and Republicans in North Carolina say misinformation is complicating Hurricane Helene relief efforts

Katie Balevic

Popular Keywords

Buying Guides