These are the headlines you Need2Know:
* **Floods in India Wreak Havoc:**
Southern India's Kerala state is shouldering its worst flooding in a century ー which, officials said Sunday, has displaced about 800,000 people and killed over 350. Downpours precipitated the floods and landslides, causing homes and bridges to collapse. For more on the disaster, [click here](http://www.time.com/5371279/india-flooding-kerala/).
* **Hawaii Hurricane May Pass South:**
Hurricane Lane became a Category 4 storm over the weekend, with winds at 140 mph, but it later weakened to a Category 3. The storm is expected to pass south of Hawaii’s Big Island. Track the developments [here](https://weather.com/storms/hurricane/video/hurricane-lane-to-weaken-and-pass-south-of-hawaii).
* **'Crazy Rich Asians' Does Crazy Well at Box Office:**
The movie brought in more than $25 million domestically. It’s the first Hollywood movie with a predominantly Asian cast since "The Joy Luck Club" in 1993 and the best opening for a rom-com since Amy Schumer's "Trainwreck" in 2015. For more on this story, [click here](http://www.latimes.com/entertainment/movies/la-et-mn-crazy-rich-asians-jon-chu-projects-20180820-story.html).
Cheddar's Jill Wagner gets into the latest.
Subscribe to the Need2Know newsletter [here](https://theneed2know.com).
WSJ reporter Ray Smith breaks down why more companies are offering ‘dry’ promotions – a responsibility or title bump with no pay raise – and the pros and cons of accepting them.
Apple says a Justice Department antitrust lawsuit accusing it of engineering an illegal monopoly in smartphones in the U.S. is “wrong on the facts and the law.”
As Reddit shares begin trading at the NYSE, ‘Einstein of Wall Street’ Peter Tuchman breaks down the social platform’s debut and what it means for the overall IPO market in 2024.
CEO and co-founder of Alix, Alexandra Mysoor, discusses why it’s so important for everyone, regardless of income, to both plan and settle their estates.
After the Fed forecast three cuts to come in 2024, Kevin D. Mahn, President and CIO at Hennion & Walsh Asset Management breaks down why the market looks strong, and he sees some reasons for concern in Reddit’s choice to IPO.
Federal Reserve officials signaled that they still expect to cut their key interest rate three times in 2024 despite signs that inflation was surprisingly high at the start of the year.
