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New York Mayor Eric Adams is expected to face federal charges by prosecutors out of the Southern District of New York as soon as Thursday, two sources familiar with the matter said Wednesday night. Before news of federal charges broke Wednesday, Adams was at a reception at the Metropolitan Museum of Art, which President Joe Biden also attended. “I do not see how Mayor Adams can continue governing New York City,” Ocasio-Cortez said on X. "However, it is clear that defending himself against serious federal charges will require a significant amount of the time and attention needed to govern this great city. The most appropriate path forward is for him to step down so that New York City can get the full focus its leadership demands."

Persons: Eric Adams, Adams, “, ”, Adams ’, Daniel Nigro, Nigro, Edward Caban, James Caban, Joe Biden, Douglas Muzzio, ” Muzzio, Alexandria Ocasio, ” Ocasio, Cortez, Brad Lander, Mayor Adams, Lander, ” Adams Organizations: York, Southern, of, FBI, NYPD, Turkish Consulate, Democratic, Fire, NBC News, Federal, Adams . Police, Authorities, Queens, Metropolitan Museum of Art, Baruch College, New Locations: of New York, New, Brooklyn, Turkish, Adams, Manhattan, New York, Alexandria, Cortez, New York City

☆ Pennsylvania Democratic lawmaker denies writing racist, homophobic tweets
▼ + stars: | 2024-09-25 | by ( David Chang | Nbc Philadelphia | ) www.nbcnews.com time to read: +4 min

“The revelation of Jimmy Dillon’s past use of the n-word is unsettling. Sen. Jimmy Dillon, D-Philadelphia. James Robinson / Pennsylvania Senate Democratic Caucus“And African Americans aren’t the only ones subject to his offensive slurs and remarks. Dillon has made disparaging comments about the LGBT and Asian communities.”In a response to the SRCC’s allegations, Dillon denied writing the offensive tweets. It’s not happening,” the spokesperson wrote.

Persons: Sen, Jimmy Dillon, Dillon, —, Jimmy Dillon’s, Cody Harbaugh, James Robinson, ”, “ I’m, MAGA, ” Dillon, John Sabatina, Joe Picozzi, ” Harbaugh, Jay Costa, “ They’re, they’re, Brittany Crampsie, Dillon’s, “ Organizations: PHILADELPHIA, Pennsylvania Democratic, Pennsylvania Senate Republican, Twitter, Pennsylvania, Democratic Caucus, Republican, Senate Democrat, Senate Democratic, Committee Locations: Pennsylvania, Philadelphia, ”, Northeast Philadelphia

After her stone-cold expression went viral at the Paris Olympics, sharpshooter Kim Ye-Ji will play the role of an actual assassin in an upcoming Korean series. “Crush” is an action series that will follow characters from all over the Asian continent, Lee JungSub, writer and director of “Crush,” told NBC News. Kim Ye-ji, left, and Oh Ye Jin, at the end of the 10m air pistol women's Final during the Olympics in Paris, on July 28, 2024. Alain Jocard / AFP via Getty Images file“Kim Ye-ji’s casting as a global Korean assassin was a natural choice given her precision and performance at the Olympics — particularly her shooting skills,” he said. For fans, who compared Kim’s shooting skills and icy confidence in Paris to that of James Bond, this was a natural next step.

Persons: Kim Ye, Ji, Kim, Anushka Sen, ” Kim, Lee JungSub, “, ”, Ye Jin, Alain Jocard, toting Sen, James Bond Organizations: Paris Olympics, Asia Lab, NBC News, Getty, Olympics Locations: Asia, Paris, Korea, AFP

☆ Nigerian company Autogirl wants to be the Airbnb of car rentals
▼ + stars: | 2024-09-25 | by ( Victoria Barauna | ) edition.cnn.com time to read: +6 min

In 2023, it announced it would be expanding to Kenya, with a rollout of 1.2 million electric vehicles. Around the world, transport startups are embracing electric vehicles, and those in Africa are no different. In 2023, it announced it would be expanding to Kenya, with a rollout of 1.2 million electric vehicles. Uncover , a Kenyan skincare brand, says it wants to fill this gap by providing healthy cosmetics that put African women first. ‘‘We want to be the Airbnb of vehicle rentals in Africa and ultimately the world,” Arinze says.

Persons: Chinazom Arinze, ” Arinze, “, Spiro, Clement Di Roma, Simon Maina, Prince William’s, James Oatway, there's, Edwin Maina, Arinze, …, Autogirl, hasn’t, she’s, ’, ‘, Airbnb, ” Organizations: CNN, Babcock University, Getty, Reeddi Technologies, The Royal Academy of Engineering, Kenyan, Hertz, Hyundai, Lexus Locations: Nigeria, Benin, Kenya, Africa, AFP, China, Cameroon, Rwanda, Ghana

☆ How your tech stock holdings will be impacted by the election
▼ + stars: | 2024-09-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

The outcome of November's presidential election could have major implications for some popular technology stocks. Meanwhile, a victory by Vice President Kamala Harris may lead to tighter AI regulations focused on safety, ethics and protecting consumers. AI chip giant Nvidia is another likely winner in both split scenarios and a Republican sweep. Heightened antitrust controls over Google and its local search monopoly in a Democrat sweep and split Harris government should also benefit shares of Yelp down 27% this year. Republican sweep Raymond James views Salesforce as a potential big winner in a Republican sweep, noting that "more favorable" corporate tax rates should benefit cyclical software names.

Persons: Raymond James, Donald Trump, Trump, Ed Mills, Kamala Harris, Mills, Harris, Melissa Fairbanks, John Davis, Andrew Marok, bode, Salesforce, Davis, Datadog, Adam Tindle, Josh Beck Organizations: Democrat, Veeva Systems, Flex, Visa, Democratic, Republican, Trump, Republican Senate, Microsoft, Nvidia, Verizon, U.S, Google, Apple, Texas, Intel, Qualcomm, Apollo Global Management, Arista Networks Locations: China, Washington, outperformance, Saudi Arabia, Yelp

☆ Trump officially announces October 5 return to Butler, Pennsylvania – location of first assassination attempt
▼ + stars: | 2024-09-25 | by ( Brian Rokus | ) edition.cnn.com time to read: +1 min

CNN —Donald Trump’s campaign has officially announced that the former president plans to return to Butler, Pennsylvania – the location of the first assassination attempt on his life this year – for a rally on October 5. “President Donald J. Trump will return to Butler, Pennsylvania to hold a rally on the very same ground where he came within a quarter of an inch of losing his life less than three months ago,” the campaign said in a news release. CNN had previously reported Trump’s plans to return to Butler on October 5. “During his visit, President Trump will honor the memory of Corey Comperatore, who heroically sacrificed his life to shield his wife and daughters from the bullets on that terrible day. President Trump will also recognize the two other Americans who were wounded by the shooter, David Dutch and James Copenhaver.

Persons: Donald Trump’s, Donald J, Trump, Butler, Corey Comperatore, David Dutch, James Copenhaver Organizations: CNN Locations: Butler , Pennsylvania

☆ How Austin, Texas Cut Home Prices, Built Houses, and Stopped a Crisis
▼ + stars: | 2024-09-25 | by ( James Rodriguez | ) www.businessinsider.com time to read: +13 min

But as other pandemic Zoomtowns continue to see increases in prices and rents, Austin stands alone in its change of fortune. Housing in Austin has been through so many extreme distortions that nobody really knows what "normal" even means anymore. All told, Austin's housing stock has ballooned by more than 76,000 units since 2020, an 8.34% increase that includes single-family homes, condos, and townhomes. Considering the size of the Austin market, moving the stock of homes by nearly 10% is a colossal feat. Related storiesNobody watching the Austin market should be having flashbacks to the Great Recession.

Persons: Austin, homebuyers, homebuilders, Zillow, Elon Musk, Joe Rogan, Homebuyers, Keith Hughes, I'd, That's, Jason Lewris, Lewris, Doreen Sidney, Austin wasn't, Austin's homebuilders, Freddie, Sean Kelly, Rand, Freddie Mac, Jenny Schuetz, homebuilding, Kelly, he's Organizations: Austin, Oracle, Facebook, Google, Elon, Census, Parcl Labs, Federal Reserve, San Antonio —, Austin ., Freddie Mac, Brookings Institution Locations: California, Austin, Real, Texas, Francisco, San Francisco, San Antonio, Boston

☆ Starmer is selling Britain on gloom, and patience is wearing thin
▼ + stars: | 2024-09-25 | by ( Rob Picheta | ) edition.cnn.com time to read: +9 min

Protesters demonstrate outside the Labour Party conference venue in Liverpool against the withdrawal of the winter fuel allowance, on September 23, 2024. “It has felt a bit blunt,” a Labour Member of Parliament admitted after Starmer’s speech Tuesday, summing up the sentiment across much of conference. Unfortunately, the realities of governing are beginning to bite the Labour Party – and it is likely he will need to show some returns far sooner. Starmer’s speech was was light on fresh content but a heckler was calmly removed and the key messages were confidently delivered. But a premiership can only survive on doom and gloom for so long, and patience is already wearing thin among much of the wider party.

Persons: Keir Starmer, –, Ian Forsyth, Starmer, Taylor, “, Rachael Maskell, Sir Keir Starmer, Peter Byrne, Maskell, ”, Boris Johnson’s, ” –, Patience, Opinium, Sunak, ” James Crouch ,, Reeves, Rachel Reeves, heckler Organizations: Liverpool, England CNN —, Labour, Protesters, Labour Party, Labour Party –, Conservative, Public, Arsenal soccer, Wembley, CNN, ”, London, Tory, National Health Service, Organisation for Economic Co, Development, United Nations General Assembly Locations: England, Liverpool, Starmer’s, Opinium, Britain, New York, July’s

“Those cities are gone, they’re gone, and we continue to give billions of dollars to a man who refused to make a deal, Zelensky. The comments come at the same time as a rising furor on Capitol Hill over the Ukrainian president among Republicans. Republican leaders are so far declining to meet Zelensky while he is in Washington, DC, while Democrats are embracing the opportunity. A deal could have been made if we had a competent President,” Trump said. It’s just sloganeering.”Vance’s Republican colleagues in the Senate sent a clear message to the Ukrainian president when asked about the remark on Wednesday.

Persons: Donald Trump, Volodymyr Zelensky, “, they’re, ” Trump, Sen, JD Vance, Trump, Mike Johnson, Hakeem Jeffries, Kamala Harris, Zelensky, Biden, ”, He’s, Harris, ” “, it’s, would’ve, Vance, ” Vance, “ It’s, Shawn Ryan, Johnson, Oksana Markarova, ” Johnson, James Comer, ” Comer, ” Zelensky, ” Vance’s, John Cornyn, Mitch McConnell, Vance “, John Thune, ” CNN’s Morgan Rimmer, Ted Barrett Organizations: CNN, GOP, Republican, Zelensky, United Nations General Assembly, Ukraine, Republicans, Biden, Harris Administration, White, Department of Justice, Department of Defense, Wednesday, Pentagon, Senate Locations: Ukraine, Mint Hill, North Carolina, Pennsylvania, Russia, Washington ,, New York, it’s, United States, Yorker

☆ UBS sees AI trade still in the 'early innings' and these stocks as the best way to play it
▼ + stars: | 2024-09-25 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

UBS named "Magnificent Seven" member Apple as an AI stock to watch out for. In all, 75% of analysts covering the stock rate it buy or strong buy, according to LSEG, with consensus price targets suggesting nearly 6% upside. Nearly 9 out of 10 analysts covering the stock rate it a buy or strong buy. Raymond James recently resumed coverage of Uber as a "strong buy," citing its "Robo Rides" thesis. Other names on the list include AI darling Nvidia, alongside fellow Magnificent Seven stocks Microsoft , Alphabet , Amazon and Meta Platforms .

Persons: Sundeep Gantori, Gantori, Needham, Goldman Sachs, Goldman, Michael Ng, Raymond James, Josh Beck, Uber Organizations: UBS, Apple, Uber, Microsoft

☆ Diddy's 4 children with Kim Porter condemn 'horrific conspiracy theories' about their mother's death amid his arrest
▼ + stars: | 2024-09-25 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +7 min

A few days after Porter was found dead at home, Combs shared an emotional tribute on Instagram, which has since been deleted. Quincy, Christian, Jessie, and D'Lila defended their parents' relationship in an open letterKim Porter, Quincy Brown, Sean Combs, Christian Combs, and Justin Combs in 2015. Chelsea Lauren/Getty ImagesCombs' four children with Porter shared a joint statement on Wednesday, published by Essence. Quincy, Christian, Jessie, and D'Lila also requested privacy as they grapple with their mother's death and father's arrest. Christian is facing his own allegation of sexual assaultSean "Diddy" Combs and his son, Christian Combs, at the 2023 VMAs.

Persons: —, Sean, Diddy, Combs, Kim Porter, Cassie Ventura, Porter, Quincy Taylor Brown, Christian Combs, Jessie James Combs, D'Lila Star Combs, Sean Combs, Jessie, Mat Szwajkos, Getty Combs, Chance Combs, wouldn't, Quincy, D'Lila, Quincy Brown, Justin Combs, Chelsea Lauren, Getty, Albert Joseph Brown III, Al B, Eugene Gologursky, Grace O'Marcaigh, O'Marcaigh, Christian, Aaron Dyer, Jacob Shamsian Organizations: Service, Business, Daily Mail, D'Lila, Angeles County Department of Medical Examiner, Essence ., Christian, MTV, BI Locations: Manhattan, Christian, Essence . Quincy, Quincy, Los Angeles

☆ These companies could be poised to start paying dividends, Morgan Stanley says
▼ + stars: | 2024-09-25 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

The Federal Reserve's move to start cutting interest rates bodes well for dividend-paying stocks, and Morgan Stanley thinks several companies are poised to join their ranks. "Equity investors are seeking durable, higher yielding dividends as market volatility is expected to continue throughout the easing cycle," wrote Morgan Stanley strategist Todd Castagno in a report last Friday. Morgan Stanley drew up a list of companies that might have what it takes to start paying dividends, drawn from stocks that boast net cash and generate a free cash flow exceeding 3%. Instacart was also seen as a potential dividend initiator by Morgan Stanley. Other companies that Morgan Stanley highlighted as potential dividend initiators include short-term vacation rental company Airbnb and biotech play United Therapeutics .

Persons: Morgan Stanley, Todd Castagno, Castagno, Morgan, Piper Sandler, James Fish, Instacart, Raymond James, Josh Beck Organizations: Equity, Companies, United Therapeutics

☆ Connecting your phone to rental car infotainment system? There is a big, hidden privacy risk
▼ + stars: | 2024-09-25 | by ( Barbara Booth | ) www.cnbc.com time to read: +6 min

The recent data breach that exposed the sensitive information of some 300,000 Avis customers highlighted some critical vulnerabilities within the rental car industry. Yet, there's another, often overlooked security risk when drivers use a rental car: the personal data you unknowingly leave behind when syncing your mobile device to a rental car's infotainment system. Privacy policies say the customer is responsibleExperts agree that car rental companies need to start implementing best practices to better protect customers. Despite this, many rental companies lag in applying adequate protections. When you read those car rental agreements, they say you leave the data in the car, it's your problem.

Persons: Ford's, Biden, Andrea Amico, Privacy4Cars, James Hajjar, Hajjar, you've, Clyde Williamson, John Price, Yashin Manraj Organizations: Avis, Hartford, Enterprise, Pvotal Technologies, Android, Apple Locations: U.S, Protegrity

☆ Don't hate billionaires like Jeff Bezos — they make our lives better, 2 experts say
▼ + stars: | 2024-09-25 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +7 min

But two experts say the uber-wealthy are often huge contributors to society — and trying to eliminate them could badly backfire. It's become increasingly popular to make claims such as "billionaires shouldn't exist" and "any billionaire is a policy failure." But these moral criticisms of billionaires are unconvincing because people overstate billionaires' power and influence and overlook the benefits of some billionaires. There's a widespread belief that governments should tax billionaires primarily and spend that money on public goods and anti-poverty programs. Instead of saying that every billionaire is a policy failure, we should instead embrace the idea that every billionaire is a policy success.

Persons: Critics, —, Jessica Flanigan, Richard L, Chris Freiman, It's, Elon Musk, Jeff Bezos, Steve Jobs, Jobs, Bezos, Warren Buffett, isn't, Taylor Swift, LeBron James Organizations: Service, Morril, University of Richmond, West Virginia University, Business Locations: multimillionaires

☆ Trump's already massive New York civil fraud penalty has grown by $24M in interest ahead of a Thursday court showdown
▼ + stars: | 2024-09-25 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

(For perspective, Trump's 2016 settlements in three Trump University fraud cases totaled $25 million.) AdvertisementTrump has denied any fraud, and his lawyers argue in their appeal that the judgment is unjustified, legally flawed, and excessive. By winning his appeal, Trump would also dodge the judgment's non-monetary punishments, which are many. Winning would mean Trump, Donald Trump, Jr., and Eric Trump would no longer face being banned for two years from running Trump Org or any other business in New York state. By appealing, Trump has kept all of these fraud punishments on ice, with the exception of the Trump Org monitoring, which is ongoing.

Persons: —, Donald Trump, John Sauer, ometer, Trump, Arthur Engoron, Donald Trump's, Letitia James, Engoron, He'd, Donald Trump , Jr, Eric Trump, Read Organizations: Service, Trump, Business, Trump University, D, New, Trump Organization, Trump's, Trump Org Locations: New York, Manhattan, Trump's Manhattan

☆ Meta's AI models are helping the company drive share of digital ad dollars, says Raymond James' Beck
▼ + stars: | 2024-09-25 | 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 EmailMeta's AI models are helping the company drive share of digital ad dollars, says Raymond James' BeckJohn Beck, Raymond James analyst, joins 'Squawk on the Street' to discuss what's driving Meta's recent stock momentum, what Beck is focusing on in the company's annual Connect conference, and much more.

Persons: Raymond James ' Beck John Beck, Raymond James, Beck Organizations: Connect

☆ Tropical Storm Helene: Thousands forced to evacuate in Florida as hurricane warnings issued
▼ + stars: | 2024-09-25 | by ( Taylor Ward | Dalia Faheid | ) edition.cnn.com time to read: +12 min

CNN —Thousands of Florida residents have been forced to evacuate as the state prepares for rapidly strengthening Tropical Storm Helene, which could bring powerful winds, flooding and life-threatening storm surge to areas already hard-hit by recent hurricanes. The Big Bend area faces the most serious storm surge: up to 15 feet of it is possible. Over in Sanibel, one couple who met during Hurricane Ian in 2022 and nearly lost everything are now going to weather Tropical Storm Helene together, CNN affiliate WINK reported. Large clouds move over Havana due to the proximity of the tropical storm Helene, on September 24. Officials in neighboring Pinellas County warned hundreds of homes would likely flood with a higher storm surge than in past destructive storms.

Persons: Helene, Debby, Idalia, Ian Just, ” Howard Rabe, “ We’ve, we’ve, ”, Rabe, Ian, Michele Vikartofsky, Larry Leventhal, ” Vikartofsky, “, it’s, “ Ian, Vikartofsky, WINK, Hurricane Debby, Ron Booher, Hurricane Michael, ” Lynn Marshall, Yamil Lage, Ron DeSantis, DeSantis, Cathie Perkins, Kenneth Welch, ” Welch, Brian Kemp, ” Kemp, James Stallings, Herman, Connell Crooms, Corey Perrine, it’ll, It’s Organizations: CNN, Hurricane, National Hurricane Center, Tampa General Hospital, WFTS, WINK, WFTV, WJHG, Getty Images, Gov, Florida National Guard, Florida State Guard, –, Georgia Gov, Georgia Emergency Management, Homeland Security, Woerner, Florida Times, USA, Florida, National Weather Service, Carolinas, Weather, Florida Panhandle Locations: Florida, Bend, United States, Gulf of Mexico, Tampa, Florida’s Gulf, Anclote, Mexico Beach, Cabo Catoche, Citrus, Hillsborough, Charlotte, Gulf , Manatee, Pinellas, Taylor County, Tallahassee, Franklin, Wakulla, Port Richey, Sanibel, Manatee County, Gulf County, Havana, AFP, Getty Images Florida, Georgia, Pinellas County, Idalia, St . Petersburg , Florida, Hillsborough , Pinellas, Sarasota, Jacksonville , Florida, Tampa Bay, Florida , Georgia, Alabama, Tennessee, Carolinas, Virginia, Gulf, Helene

We’ve had challenges getting the prime minister across the line. “We stay up nights trying to figure out a way to get across the line on this ceasefire and hostage deal. And we have spoken out directly about our concern when we’ve seen the prime minister not take steps that we think are necessary to get to that deal,” he said. Vice President Kamala Harris has frequently cited the importance of reaching a ceasefire and hostage deal but hasn’t detailed any new approach in reaching an agreement. “Ultimately the thing that is going to unlock everything else in that region is getting this deal done,” she said last week.

Persons: Biden, Joe Biden, State James Baker, George Mitchell’s, “, ”, Bill Burns, Antony Blinken, Brett McGurk –, Blinken, Benjamin Netanyahu, We’ve, we’re, Jake Sullivan, we’ve, Sinwar, they’re, it’ll, Kamala Harris, “ I’m, I’ve, Yahya Sinwar Organizations: CNN, Hamas, State, United Nations, State Department, CIA, MSNBC, UN Locations: Gaza, Lebanon, East, Northern Ireland, New York, Israel, United States, American, Saudi Arabia

☆ Trump says Zelenskyy insulted him; House GOP to probe Ukraine leader's PA trip
▼ + stars: | 2024-09-25 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

House Oversight Chair James Comer is opening an investigation into Ukrainian President Volodymyr Zelenskyy's Sunday visit to an ammunition factory in Scranton, Pennsylvania. The Republican investigation comes as the relationship between Zelenskyy and former president Donald Trump seems to sour. On Wednesday, Trump accused Zelenskyy of insulting him — Trump said the Ukrainian president was "making nasty little dispersions toward" him — and adding that he got along with Russian President Vladimir Putin "very well." Zelenskyy is in the United States to attend the UN General Assembly high-level week in New York, where he is meeting with world leaders. Trump was expected to meet with the Ukrainian President on Thursday at Trump Tower, but a Trump campaign official told NBC News Wednesday that the meeting was not happening.

Persons: James Comer, Volodymyr Zelenskyy's, Comer, Kamala Harris, Donald Trump, Trump, — Trump, Vladimir Putin, They're, Joe Biden, Harris, Zelenskyy, Ohio Sen, JD Vance, Vance, Josh Shapiro, Bob Casey, Matt Cartwright, Casey, Cartwright Organizations: Volodymyr Zelenskyy's Sunday, Republican, UN, Assembly, White, Ukrainian, Trump, NBC News Wednesday, New Yorker, General Dynamics, Defense Department, Pennsylvania Locations: Scranton , Pennsylvania, Zelenskyy, Ukrainian, Mint Hill, North Carolina, United States, New York, Ukraine, Russia, Scranton, Pennsylvania

☆ Two major analysts called this boring telecom stock their top pick in two days
▼ + stars: | 2024-09-25 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +1 min

Just two days after Goldman Sachs named AT & T its top telecom pick, JPMorgan reiterated it as one of its best ideas. JPMorgan analyst Sebastiano Petti called AT & T a broader "value pick" as it currently trades on a valuation discount relative to other names in the sector. AT & T's ongoing fiber optic additions in its broadband businesses well position it for long-term growth, Petti added. Both Petti and Goldman Sachs analyst James Schneider highlighted a potential share buyback announcement as a positive catalyst for shares. "We expect positive wireless results and potentially a capital allocation announcement with the initiation of a buyback.

Persons: Goldman Sachs, Sebastiano Petti, Petti, James Schneider, Schneider, JPMorgan's Petti Organizations: JPMorgan, 5G Locations: Petti, Tuesday's

☆ These 23 companies can benefit most as raises become rarer, Goldman Sachs says
▼ + stars: | 2024-09-24 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Goldman SachsWage growth is down from 6% in August 2022 to 3.9%, according to Goldman Sachs. Still, Goldman Sachs thinks the US unemployment rate will drift down to 4% in 2025, which would be a healthy figure. An influx of immigrants may have affected this trend, Goldman Sachs economists say. Goldman SachsLabor costs rose 7% in 2023 for S&P 500 companies and 5% for firms in the Russell 2000, Goldman found. Goldman Sachs shared a sector-neutral list of 50 stocks in the S&P 500 that have high labor costs, which should disproportionately benefit as wage inflation slows as raises become rarer.

Persons: —, Goldman Sachs, David Kostin, Kostin, Russell, Goldman Organizations: Service, Federal, Business, Goldman, Chief US, Goldman Sachs Labor, Companies Locations: Goldman Sachs

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Walmart, Salesforce, Starbucks, Amazon & more
▼ + stars: | 2024-09-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Tuesday's biggest calls on Wall Street: Piper Sandler initiates Colgate-Palmolive and Church & Dwight as overweight Piper said both consumer products company offer an attractive risk/reward. Piper Sandler upgrades Salesforce to overweight from neutral Piper said it sees an attractive risk/reward for the stock. Bernstein reiterates Amazon as outperform Bernstein said advertising is "key to the bull case once again" for Amazon. Wedbush upgrades Comerica to outperform from neutral The firm added the regional bank to its best ideas list. " CFRA reiterates Nvidia as buy The firm says it sees Nvidia with "sustained compute demand" over the coming years.

Persons: Piper Sandler, Dwight, Piper, Baird, Jefferies, it's bullish, Raymond James reinstates Uber, Raymond James, Goldman Sachs, Goldman, KeyBanc, Morgan Stanley, immuno, Oppenheimer, Lowe's, Redburn, it's, Truist, Baird downgrades McKesson, Needham, Apple, Pinterest, Leerink, Guggenheim, Tesla, TSLA, Bernstein, CFRA Organizations: Colgate, Palmolive, Church, Jefferies, Starbucks, Avidity Biosciences, BP, Exxon, Costco, Walmart, Apple, GE Vernova, UBS, Citi, Mastercard, Visa, U.S, DOJ, Comerica, CMA, Nvidia

☆ Watch CNBC's full interview with director James Cameron and Stability AI CEO Prem Akkaraju
▼ + stars: | 2024-09-24 | 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 EmailWatch CNBC's full interview with director James Cameron and Stability AI CEO Prem AkkarajuJames Cameron, Oscar-winning filmmaker and Prem Akkaraju, Stability AI CEO, join 'Closing Bell Overtime' and CNBC's Julia Boorstin to talk the impact of AI on Hollywood, Cameron joining the board of Stability AI and more.

Persons: James Cameron, Prem Akkaraju James Cameron, Oscar, Prem Akkaraju, Julia Boorstin, Cameron Organizations: Hollywood

☆ Images show Russia’s new Sarmat missile suffered major test failure, researchers say
▼ + stars: | 2024-09-24 | by ( ) edition.cnn.com time to read: +4 min

Reuters —Russia appears to have suffered a “catastrophic failure” in a test of its Sarmat missile, a key weapon in the modernization of its nuclear arsenal, according to arms experts who have analyzed satellite images of the launch site. It’s a big hole in the ground,” said Pavel Podvig, an analyst based in Geneva, who runs the Russian Nuclear Forces project. A September 21 satellite image shows a closer view of the launch site after the apparent launch failure. Maxar TechnologiesIISS analyst Wright said a test failure did not necessarily mean that the Sarmat program was in jeopardy. “However, this is the fourth successive test failure of Sarmat which at the very least will push back its already delayed introduction into service even further and at most might raise questions about the program’s viability,” he said.

Persons: Maxar, ”, Pavel Podvig, Timothy Wright, James Acton, Vladimir Putin, Satan, Putin, Sergei Shoigu, Wright, Moscow –, Nikolai Sokov Organizations: Reuters, Plesetsk, Russian Nuclear Forces, International Institute for Strategic Studies, Carnegie Endowment, International Peace, Technologies, SS, Design, Moscow Institute of Thermal Technology Locations: Russia, United States, Europe, Geneva, London, Ukraine, Moscow, Plesetsk, Arkhangelsk, Russian, Soviet

☆ Nighttime footage shows a fire-breathing Ukrainian drone setting Russian positions ablaze
▼ + stars: | 2024-09-24 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Read previewA Ukrainian battalion shared nighttime footage of one of its "dragon drones" breathing fire on a Russian position in Ukraine, setting a line of trees ablaze. This story is available exclusively to Business Insider subscribers. Nighttime footage of a Ukrainian dragon drone covering a Russian-held treeline with molten thermite, setting multiple Russian positions ablaze. However, news reports suggest Russia may also have produced its own version of the "dragon drone," DW reported. AdvertisementJames Patton Rogers, a drone expert and executive director of the Cornell Brooks Tech Policy Institute, told Business Insider this month that the tactic can force a retreat.

Persons: —, it's, James Patton Rogers, Patton Rogers Organizations: Service, 205th, Territorial Defense Forces, Business, 241st, 92nd Assault Brigade, Russian, Deutsche Welle, Cornell Brooks Tech Policy Institute Locations: Ukraine, Ukrainian, Russian, Zaporizhzhia, Ukraine's, Donetsk, Kursk, Russia

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