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☆ News publishers sound alarm on Google’s new AI-infused search, warn of ‘catastrophic’ impacts
▼ + stars: | 2024-05-15 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

In other words, users will soon no longer have to click on the links displayed in search results to find the information they are seeking. Why spend time clicking on a link when Google has already scoured the internet and harvested the relevant information with its A.I.? Coffey, whose organization represents more than 2,000 news publishers and has taken an aggressive posture toward A.I. This time with a product that directly competes with our content, using our content to fuel it. Most recently, it drew scorn after temporarily blocking some California news outlets from search results in response to a bill that would force it to pay publishers.

Persons: —, ” Danielle Coffey, Coffey, newsrooms, OpenAI, ChatGPT, Mark Zuckerberg, “, we’ll, ” Marc McCollum Organizations: New York CNN, Google, News / Media Alliance, Big Tech, The New York Times Locations: New York, California

☆ Stock futures are little changed as Wall Street readies for key inflation report: Live updates
▼ + stars: | 2024-05-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures were little changed as Wall Street braced for April's consumer price index. Futures tied to the Dow Jones Industrial Average added 17 points, while S&P 500 futures and Nasdaq 100 futures hovered near the flatline. The Dow Jones Industrial Average gained 0.32%. Economists polled by Dow Jones expect the consumer price index to show a 0.4% monthly gain, or a 0.3% increase excluding food and energy. Tuesday's producer price index for April contributed to that narrative, showing a 0.5% gain in wholesale prices, above the 0.3% estimate from Dow Jones.

Persons: Nextracker, Dow Jones, Tom Lee Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Dow Jones Industrial, Investors, Federal, Dow, Fundstrat Global, Cisco Systems Locations: New York City

☆ These stocks are expected to move the most this week on earnings
▼ + stars: | 2024-05-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The first-quarter reporting season is nearing its end, but investors may want to pay close attention to these stocks reporting this week poised to potentially experience volatile moves. A handful of Chinese technology and e-commerce stocks showed up, including Alibaba, Baidu and JD.com. All three stocks are poised to experience moves of about 6% or more. Home improvement stock Home Depot and discount retailer Walmart also made the cut, with both stocks slated to experience moves of roughly 4%. Other stocks poised for potentially big moves include Under Armour , Take-Two Interactive and Applied Materials .

Persons: That's, Jack, Krisztina Katai, Nick Wells Organizations: CNBC Pro, Baidu, Walmart, Deutsche Bank, Materials

☆ Stock futures rise as Wall Street readies for the start of the second quarter: Live updates
▼ + stars: | 2024-03-31 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures rose slightly on Sunday evening as Wall Street prepared for the start of the second quarter. Futures tied to the Dow Jones Industrial Average added 110 points, or 0.3%, while S&P 500 futures and Nasdaq-100 futures gained 0.3% and 0.5%, respectively. The personal consumption expenditures price index, released Friday during the market closure for Good Friday, showed inflation rose 2.8% in February, which is in line with expectations. The inflation gauge closely watched by the Federal Reserve also rose 0.3% from a month ago, the Commerce Department said. Ongoing bets on artificial intelligence stocks and tailwinds from Nvidia have continued powering the market higher in the new year after a strong 2023.

Persons: Giuseppe Sette, Ryan Detrick Organizations: Dow Jones, Nasdaq, Federal, Commerce Department, Fed, Dow, Nvidia, Federal Reserve, Carson Group

Early analyst calls featured one firm calling for more gains for Nvidia and an upgrade to a major beverage and snacks maker. HSBC raised its price target on Nvidia to $1,050, which implies upside of nearly 20% for the chipmaker. His price target of $190 indicates upside of 15.4% over the next 12 months. — Fred Imbert 5:43 a.m.: HSBC hikes Nvidia price target ahead of GTC Conference HSBC sees more upside in store for shares of Nvidia as the chip giant defends its AI position and reaches new markets. Given this backdrop, analyst Frank Lee boosted the firm's price target to $1,050 from $880 a share, reflecting nearly 20% upside from Friday's close.

Persons: Morgan Stanley, Raymond James downgrades, Raymond James, Steve Moss, Moss, management's, Samantha Subin, Brad Lin, Lee, bode, — Samantha Subin, Dara Mohsenian, Fred Imbert, Frank Lee Organizations: CNBC, Nvidia, HSBC, PepsiCo, York Community Bancorp, New York Community Bancorp, Bank of, Taiwan Semiconductor, AI, Bank of America, Intel, GTC Conference HSBC, GTC Conference

☆ Reddit readies for IPO: Heres what it means for capital markets
▼ + stars: | 2024-03-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReddit readies for IPO: Heres what it means for capital marketsCNBC's Deirdre Bosa joins 'The Exchange' to report on Reddit's IPO preparations, potential future company IPOs following a Reddit debut, and more.

Persons: Deirdre Bosa

☆ Russian election: As Putin readies for a fifth term, the Kremlin is stepping up its war on its own people
▼ + stars: | 2024-03-09 | by ( Clare Sebastian | ) edition.cnn.com time to read: +10 min

In January, she was jailed for five and a half years for spreading “false” information about the army. Russian independent news outlet Mediazona reported she was convicted after two reposts on VKontakte — Russia’s version of Facebook — including one about Russian troop deaths. Oskar CherdzhievRussia’s powerful investigative committee ordered a criminal case be opened on charges of spreading false information about the army. So they try to protect this.”‘Deeper and deeper into this darkness’With mainstream Russian media now entirely state-controlled, the authorities are targeting other forms of expression — the arts, literature and culture. In December, Akunin was added to Russia’s “terrorist and extremist list” for allegedly justifying extremism and spreading false information about the Russian army.

Persons: It’s, ”, Oleg Orlov, Vladimir Putin, Putin, Orlov, Tatyana Makeyeva, Darya, “, ” Korolenko, Konstantin Eggert, Evgeniya, Nadezhda Buyanova, —, Buyanova, Oskar Cherdzhiev Russia’s, Grigory Chkhartishvili, Boris Akunin, he’s, Akunin, Russia’s, Misha Japaridze, Alexey Navalny, Andrei Soldatov, ” Soldatov, Soldatov Organizations: CNN, Facebook, Higher School of, Center, Combating Extremism, Bolshevik Locations: Moscow, Russia, Ukraine, Soviet, Orlov’s, Russian, Shakhty, Ukrainian, ” Russia, Covid, USSR

The 65-minute musical film, which she self-financed, follows a hopeless romantic in search of love (Lopez) and the myriad ways she contends with repeated heartbreak, including visits to her therapist (played by Fat Joe) and sobbing through old romantic films. Photos You Should See View All 22 ImagesAP: It's been a decade since your last album. But this was really different because I hadn’t been inspired to really go into the studio and write a whole album for years. I did “Marry Me” a few years ago for the movie, but that was not a Jennifer Lopez album, not a J.Lo album. It’s made me doubt myself and really feel bad about myself at times.

Persons: Jennifer Lopez, Lopez, Fat Joe, Jane Fonda, Post Malone, Keke Palmer, Sofia Vergara, Ben Affleck, It's, LOPEZ, Nobody, I’ve, ” —, “, They’re, It’s, Ben, they’re, you’re Organizations: ANGELES, AP Locations: Orlando , Florida

☆ Bank of America traders are long Spotify because of new Taylor Swift album dropping in April
▼ + stars: | 2024-02-05 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Spotify shares are safe and sound with a new Taylor Swift album on the way, according to Bank of America traders. That's a positive catalyst in the second quarter for Spotify, said traders at the bank, who operate separately than the investment research team. Bank traders pointed to the fact that "Midnights" became Spotify's most-streamed album in a single day as reason for excitement. That offers "positive vibes," the traders wrote. SPOT YTD mountain Spotify, year to date Shares of Spotify slipped nearly 1% in Monday's session.

Persons: Taylor, That's, Swift, FactSet, readies Organizations: Bank of America, Poets Department, Spotify, Bank Locations: Los Angeles

By all accounts, Nikki Haley, the former South Carolina governor hoping to derail former President Donald Trump's march to the Republican presidential nomination, will win Tuesday's Nevada primary handily. When state lawmakers moved to replace Nevada's presidential caucuses with a more traditional, state-run primary to decide presidential preferences. But that didn't go over well with a state GOP heavily made up of Trump loyalists. Best Cartoons on the 2024 Election View All 125 ImagesHolding a state government-run primary doesn't stop the party from holding caucuses anyway. "Nikki Haley is *not even on the ballot* in the Nevada GOP caucus & thus will get 0 delegates from NV.

Persons: Nikki Haley, Donald Trump's, Haley, She'll, Trump, didn't, Chuck Muth, Ron DeSantis, Sen, Tim Scott of, Mike Pence, Scott, Ryan Binkley, Vivek Ramaswamy, Chris Christie, Doug Burgum, Donald J, Michael McDonald, Joe Biden, Biden, Marianne Williamson, Dean Phillips, Kenneth Miller, Kash Patel, Patel, Ramaswamy –, Ramaswamy, Muth, – egged Organizations: South, Republican, Nevada, GOP, Trump loyalists, Trump, Voters, Silver State, Clark County Republican Party, Florida Gov, Nevada Republicans, New, New Jersey Gov, North Dakota Gov, ”, ” Nevada Republican, Nevada Democratic, Emerson College, Dean Phillips of, University of Nevada, Trump . Former Trump, Nevada GOP, NV, Democratic Locations: South Carolina, Clark, Tim Scott of South Carolina, Nevada, Texas, New Jersey, ” Nevada, Las Vegas, Dean Phillips of Minnesota

WASHINGTON (AP) — The U.S. has bolstered defenses at a base in Jordan that was attacked by Iran-backed militants as it prepares for a wider U.S. response to a drone attack that killed three service members, a U.S. official said Friday. Even as a larger U.S. military response seemed imminent, some Iran-backed factions pledged to continue to attack U.S. forces in the region. A second U.S. official confirmed the military had taken self-defense strikes inside Yemen against Houthi military targets deemed an imminent threat. The U.S. options under consideration include targets in Syria, Yemen and Iraq, where the Iranian-made drone that killed the service members was fired from, the official said. The U.S. has blamed the Jordan attack on the Islamic Resistance in Iraq, a coalition of Iranian-backed militias.

Persons: Harakat, Jordan, Joe Biden, Lloyd Austin, CQ Brown, Defense SecretaryAustin, ” Austin, Austin, ”, Aamer Mahdani, Abdulrahman Zeyad, Ahmed al, Haj Organizations: WASHINGTON, U.S, Joint Chiefs, Dover Air Force Base, Defense, Hezbollah, Washington , D.C Locations: Jordan, Iran, U.S, The U.S, Yemen, Red, Yemeni, Hajjah, Sanaa, Iraq, Syria, Israel, Delaware, Iranian, Iraqi, backchannels, Washington ,, Baghdad

LOS ANGELES (AP) — Martin Lawrence has kept busy: The actor-comedian readies for his new “Bad Boys” film with Will Smith this summer, recently joined his “ Martin ” cast members during the Emmys and stars alongside Hall of Fame football player Shannon Sharpe in a new Super Bowl commercial. In the commercial, Lawrence and Sharpe pair up for a friendly game of golf — until their cart rolls into a pond. He'll be waiting to see his first Super Bowl commercial appearance from his home when the Kansas City Chiefs face the San Francisco 49ers in the championship game on Feb. 11. The Jerry Bruckheimer produced-sequel follows 2020's “Bad Boys for Life,” a box-office hit, grossing $426 million worldwide. I talk to my brother and my friends, and they help me write.”___More on the Super Bowl: https://apnews.com/hub/super-bowl

Persons: — Martin Lawrence, readies, Will Smith, Martin ”, Hall, Shannon Sharpe, Sharpe, Lawrence, Shannon, ”, “, he's, Jerry Bruckheimer, “ It's, I'm, ” Lawrence Organizations: ANGELES, Hall of Fame, Lawrence, NFL, brawn, Super, Kansas City Chiefs, San Francisco 49ers

☆ Iran warns it will react decisively if attacked and won't 'leave any threat unanswered' as US plans response to American troops deaths
▼ + stars: | 2024-01-31 | by ( Ella Sherman | ) www.businessinsider.com time to read: +4 min

Read previewIranian military and diplomatic officials have warned the country will respond if attacked as the US readies for retaliatory action after American troop deaths. "We hear threatening words from American officials," Major General Salami said Thursday, according to the Islamic Republic News Agency. "You have tested us and we know each other," he said, adding that "we will not leave any threat unanswered." In 2020, a US drone strike killed top Iranian general Qassem Soleimani. "We are not looking for war, but we are not afraid of it either," the Iranian general said.

Persons: —, Hossein, Joe Biden, Biden, Amir Saeid Iravani, Biden's, Kata'ib, Abu Hussein al, Pat Ryder, Trump, Qassem, he's Organizations: Service, Islamic, Guards, Business, Islamic Republic News Agency, NBC, United Nations, Associated Press, Pentagon, US Locations: Iran, Jordan, Islamic Republic, Gaza, Qassem Soleimani

☆ China's LandSpace readies satellite launch with methane rocket
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Dec 4 (Reuters) - Beijing-based LandSpace Technology, one of China's private space companies, is preparing to launch a satellite payload to orbit in the first commercial test of its rocket powered by liquid fuel using methane and oxygen. The company did not specify a launch window for the rocket, which will blast off from Jiuquan Satellite Launch Center in Inner Mongolia. The company had fundraising rounds of undisclosed sizes since, Chinese company record tracking database Tianyancha showed. LandSpace rival OrienSpace, founded in 2020, said it plans to launch its first rocket, Gravity-1, based on solid fuel, in December. ($1 = 7.1368 Chinese yuan renminbi)Reporting by Ella Cao, Roxanne Liu and Bernard Orr; Editing by Kevin Krolicki and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: LandSpace's, LandSpace, Elon Musk's, Jeff Bezos, Zhang Changwu, OrienSpace, Ella Cao, Roxanne Liu, Bernard Orr, Kevin Krolicki Organizations: Technology, Weibo, Jiuquan, Elon, Elon Musk's SpaceX, SpaceX, Sequoia Capital, China SME Development Fund, LandSpace's, Thomson Locations: BEIJING, Beijing, Inner Mongolia, China, U.S, HongShan, Sequoia Capital China

Nov 27 (Reuters) - Activist investor Elliott Investment Management on Monday said it was ready to nominate directors at Crown Castle International and push for the ouster of the wireless tower owner's executives and board members, whom it blames for years of underperformance. The hedge fund in a letter released on Monday said the company needs "comprehensive leadership change." It said it was ready to appeal to other shareholders to make changes to the 12-member board, signaling a possible proxy fight next year. Elliott sharply criticized management and the board saying a "lack of oversight ... contributed to its irresponsible stewardship and flawed financial policy." The hedge fund said the company "disregarded our data-driven analysis" and added that "our recommended changes were neither made nor taken seriously."

Persons: Elliott, Jesse Cohn, Jason Genrich, Jay Brown, Svea Herbst, Bayliss, Pooja Desai, Mark Porter Organizations: Investment Management, Crown Castle International, SBA Communications, Intelligence, Svea, Thomson Locations: Houston, Providence, Bengaluru

VA loan borrowers were given the option to put their mortgages in forbearance, meaning they could temporarily pause their mortgage payments. So on November 17, the VA announced a stopgap for distressed VA borrowers. Advertisement"This is good news for VA borrowers, especially those who may be struggling with their mortgage payments," says Christy Bunce, president of New American Funding. How to take advantage of the Refund Modification programDuring the pause, the VA is also offering its Refund Modification program. The VA says that borrowers struggling to make mortgage payments should visit the VA Housing Assistance website or call 877-827-3702 for help.

Persons: servicers, —, who's, it's, Christy Bunce, Bunce Organizations: Service, Department of Veterans Affairs, NPR, Veterans, New Locations: forbearance

☆ Japan's TeamLab Readies Renewed Digital Museum in Tokyo Mega Complex
▼ + stars: | 2023-11-19 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

The name refers to digital art pieces that blend into each other and encourage guests to wander at their own pace. It is due to reopen in February in Mori's new Azabudai Hills complex in central Tokyo. The relocation is part of Mori's strategy of placing cultural attractions in integrated business and residential projects. teamLab has developed a global reputation for its experimental and interactive set pieces that meld images and senses. Previous projects in Tokyo featured digital art mixed with a sauna experience and a laser light show enhanced performance of Giacomo Puccini's opera "Turandot."

Persons: Rocky Swift TOKYO, Toshiyuki Inoko, Mori, Giacomo Puccini's, Inoko, Rocky Swift, Simon Cameron, Moore Locations: Tokyo Bay, Mori's, Tokyo

[1/5] A member of the teamLab digital art group poses in an installation in preparation for the reopening of their Borderless museum in February at the Azabudai Hills complex in Tokyo, Japan November 17, 2023. The name refers to digital art pieces that blend into each other and encourage guests to wander at their own pace. The relocation is part of Mori's strategy of placing cultural attractions in integrated business and residential projects. teamLab has developed a global reputation for its experimental and interactive set pieces that meld images and senses. Previous projects in Tokyo featured digital art mixed with a sauna experience and a laser light show enhanced performance of Giacomo Puccini's opera "Turandot."

Persons: Kim Kyung, Toshiyuki Inoko, Mori, Giacomo Puccini's, Inoko, Rocky Swift, Simon Cameron, Moore Organizations: REUTERS, Rights, Thomson Locations: Tokyo, Japan, Tokyo Bay, Mori's

☆ Argentina Readies to Vote in Likely Presidential Election Thriller
▼ + stars: | 2023-11-19 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +4 min

Massa offers continuity but has been at the helm during the worst economic crisis in two decades. With many voters unconvinced by either, some have characterized the vote as a choice of the "lesser evil": fear of Milei's painful economic medicine or anger at Massa over the economic crisis. "The election will mark a profound rupture in the system of political representation in Argentina," said Julio Burdman, director of the consultancy Observatorio Electoral. "You cannot vote for the current government under these conditions and a blank vote will only favor it. In the first-round vote in October, Massa won 36.7% of the votes compared to some 30% for Milei.

Persons: Sergio Massa, Javier Milei, Massa, Julio Burdman, Milei, he's, Matias Kawior, South, Santiago Neria, Patricia Bullrich, Nicolás Misculin, Candelaria Grimberg, Rosalba O'Brien Organizations: Reuters, Peronist, Massa, International Monetary Fund Locations: Misculin BUENOS AIRES, China, United States, Brazil, Argentina, Buenos Aires

SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line during their ongoing strike outside Walt Disney Studios in Burbank, California, U.S., August 22, 2023. Striking writers and actors slashed spending, burned through savings and piled up debt to survive. Sets for movies and TV shows are lighting up again as studios rush to resume filming. Still, Hollywood is unlikely to return to the frenzied production pace of the streaming wars, when studios competed for subscribers and cachet. Hollywood actors won similar gains in a tentative agreement reached with the studios on Nov. 8.

Persons: Mario Anzuoni, caterers, Wall, Celia Finkelstein, ” Finkelstein, “, Serena Kashmir, ”, Fran Drescher, Kevin Klowden, ” Klowden, Long, Marc Meyer Jr, I’ve, Meyer, Guy Bisson, Neil Begley, Ampere, Dawn Chmielewski, Danielle Broadway, Lisa Richwine, Mary Milliken, David Gregorio Our Organizations: Writers Guild of America, Walt Disney Studios, REUTERS, Companies Comcast Corp, Fox, Netflix, Hollywood, Reuters, WGA, SAG, Milken Institute, Sony Pictures, Disney, Global, Ampere, Moody’s, Companies, “, Thomson Locations: Burbank , California, U.S, California, Georgia, New Mexico, Hollywood, ” Kashmir, Kashmir, Colorado, North Hollywood, Los Angeles

☆ Hamas bodycam video shows early moments of massacre and tunnels under Gaza
▼ + stars: | 2023-11-15 | by ( Oren Liebermann | ) edition.cnn.com time to read: +7 min

Hamas video provided by Israeli Defense ForcesThe video marks the first time that Israel has publicly released footage of Hamas tunnels in Gaza it says were being used on the day of the attack. The video shows him run past one man who readies a rocket-propelled grenade on his shoulder. The video shows the gunman with the bodycam charging the last bit as he spots an Israeli soldier on the ground. He asks God for victory and “well-deserved martyrdom.”Hamas video provided by Israeli Defense ForcesFrom here, the group advances on motorbikes, speeding along nearly empty Israeli roads. The timestamp on the video shows that it is just after 7:40 in the morning.

Persons: Israel CNN —, “ Allahu Akbar, ”, “, God, Ein HaShlosha Organizations: Israel CNN, CNN, Israel Defense Forces, IDF, Israeli Defense Forces, Hamas, AK Locations: Tel Aviv, Israel, Gaza, Kissufim, Nova, Ein, Re’im

☆ Goldman leads new funding for Fnality blockchain payments firm
▼ + stars: | 2023-11-14 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

The Goldman Sachs company logo is on the floor of the New York Stock Exchange in New York City, U.S., July 13, 2021. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsLONDON, Nov 14 (Reuters) - Fnality, a blockchain-based wholesale payments firm, said on Tuesday it has raised 77.7 million pounds ($95.09 million) in a second round of funding backed by Goldman Sachs and other blue chip financial firms as it awaits Bank of England approval to start operations. UK-based Fnality seeks to bridge the gap between mainstream and digital finance to cut the time and cost of settling, managing collateral and making payments for financial market transactions. Fnality said the round was led by Goldman Sachs and BNP Paribas, with participation from settlement houses DTCC and Euroclear, as well as Nomura and WisdomTree. Finality raised 55 million pounds in its first whip round in June 2019.

Persons: Goldman Sachs, Brendan McDermid, Fnality, Mathew McDermott, Goldman's, Huw Jones, Susan Fenton Organizations: New York Stock Exchange, REUTERS, of, BNP, Nomura, Banco Santander, BNY Mellon, Barclays, CIBC, Commerzbank, ING, Lloyds Banking Group, Nasdaq Ventures, Street, Sumitomo Mitsui Banking Corporation, UBS, Sterling, Bank of England, Thomson Locations: New York City, U.S, DTCC

"The revenue service is already organizing the implementation of this minimum taxation on multinationals," she said in an interview on Wednesday. The revenue service did not immediately respond to a request for comment. It advocates that this mechanism will ensure that large multinational companies pay a minimum 15% tax on their profits in all jurisdictions where they operate to deter profit-shifting to tax-favorable locations. The OECD estimates that the global minimum tax, already under way in countries including South Korea and Japan, could generate up to $200 billion in additional annual revenue. She also said Brazil aims to go further in the global tax discussion to reduce differences between advanced and emerging economies and to promote the green agenda.

Persons: India Narendra Modi, Luiz Inacio Lula da Silva, Joe Biden, Rishi Sunak, Kenny Holston, Tatiana Rosito, Maria Carolina Sampaio, GVM, Rosito, Marcela Ayres, Bernardo Caram, Matthew Lewis Organizations: U.S, UK, Rights, Finance, Reuters, Organization, Economic Cooperation, Development, OECD, International Monetary Fund, Thomson Locations: India, Brazil, New Delhi, Rights BRASILIA, South Korea, Japan, United States, Rosito, Brasilia

☆ Poll shows most Portuguese want snap election, president readies decision
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

His office said he would address the nation after meeting his consultative body, the Council of State. PS President Carlos Cesar said on Wednesday that if the president decided to call an election, March would be the best timing. The budget includes lower income tax rates for the middle class, higher wages and social benefits. Separately, those detained in the investigation, including Costa's close friend and consultant Diogo Lacerda Machado, were due to appear before a Lisbon court on Thursday. Reporting by Catarina Demony, Patricia Rua, Sergio Goncalves, editing by Andrei Khalip and Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Antonio Costa, Pedro, Marcelo Rebelo de Sousa, illegalities, Costa, Correio, Rebelo de Sousa, Joao Duque, Carlos Cesar, Diogo Lacerda Machado, Catarina Demony, Patricia Rua, Sergio Goncalves, Andrei Khalip, Alex Richardson Organizations: REUTERS, Socialist, Prosecutors, Socialist Party, of State, Jornal de Negocios, Analysts, Lisbon School of Economics, Management, Thomson Locations: Lisbon, Portugal, LISBON

☆ Poll Shows Most Portuguese Want Snap Election, President Readies Decision
▼ + stars: | 2023-11-09 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

LISBON (Reuters) - Nearly 70% of Portuguese voters want an early election following the abrupt resignation of the Socialist prime minister, a survey showed on Thursday, as President Marcelo Rebelo de Sousa was due to announce his decision on the matter later in the day. His office said he would address the nation after meeting his consultative body, the Council of State. PS President Carlos Cesar said on Wednesday that if the president decided to call an election, March would be the best timing. The budget includes lower income tax rates for the middle class, higher wages and social benefits. (Reporting by Catarina Demony, Patricia Rua, Sergio Goncalves, editing by Andrei Khalip and Alex Richardson)

Persons: Marcelo Rebelo de Sousa, Antonio Costa, illegalities, Costa, Correio, Rebelo de Sousa, Joao Duque, Carlos Cesar, Diogo Lacerda Machado, Catarina Demony, Patricia Rua, Sergio Goncalves, Andrei Khalip, Alex Richardson Organizations: Socialist, Prosecutors, Socialist Party, of State, Jornal de Negocios, Analysts, Lisbon School of Economics, Management Locations: LISBON, Lisbon

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