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LOS ANGELES — California and Nevada voters are weighing whether to repeal legal loopholes in their state constitutions that allow slavery and involuntary servitude to be used as criminal punishment. California and Nevada would join a growing national trend that started with voters in Colorado repealing involuntary servitude in 2018. Slavery and involuntary servitude were banned nationally by the 13th Amendment with one exception — as punishment for a crime. In 2016, Shawna Lynn Jones became the first incarcerated woman to die while fighting a fire in California, according to the state corrections department. "If it means we have to come back to California voters in two years or four years, then that's what we'll do," Nuñez said.

Persons: ” Rep, Barbara Lee, Shawna Lynn Jones, ” Alyssa Mireles, “, Lawrence Cox, Cox, ”, “ It’s, Terri Hardy, ” Hardy, —, Greg Totten, we’ve, ” Esteban Nuñez, Nuñez Organizations: Democratic, ”, “, League of United Latin American Citizens, California Department of Corrections, Rehabilitation, Firefighters, Institute of California, FBI, California — Locations: ANGELES, California, Nevada, Colorado, Utah, Nebraska, Alabama , Tennessee, Oregon, decarceration, U.S

☆ Biden hosts formal ceremony to celebrate federal support for Hispanic-serving institutions
▼ + stars: | 2024-10-31 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

President Joe Biden hosted a formal ceremony Wednesday to publicly celebrate his executive order establishing an initiative to increase funding for Hispanic-serving institutions and create a board of advisors on HSIs. Flores said the executive order shows a federal understanding of how crucial HSIs are to the future of the nation. The more than 500 HSIs in the U.S. and Puerto Rico serve more than 4.7 million students every year, according to federal data. Many students are low-income, and nearly a third are eligible for Pell grants, which are federal scholarships for students in need. “The president’s executive order will strengthen these critical institutions and build their capacity to provide economic mobility for all their students.”

Persons: Joe Biden, Education Miguel Cardona, Biden, Antonio R, Flores, ” Flores, Pell, ”, Neera Tanden Organizations: Census, Education, Hispanic Association of Colleges, Universities, House, Associated Press Locations: U.S, Puerto Rico, American

In an interview with popular podcaster Joe Rogan, Republican vice presidential nominee JD Vance suggested that he and Donald Trump can win the “normal gay guy vote” and that families with transgender children are looking for an edge in Ivy League college admissions. An early portion of the interview focused heavily on transgender people and transition-related medical care, which Vance described as “pharmaceutical conversion therapy” for gay people. “I mean that’s what to me is so crazy about some of the hyper-left-wing reaction,” Vance responded. “Well, I think I’m probably going to pick you, but I don’t know, and I’m not ready to make a decision,” Vance recalled Trump saying. “We’re sitting there watching, like, some stupid show, ‘Emily in Paris’ on Netflix or something,” Vance said, before catching himself.

Persons: Joe Rogan, Vance, Donald Trump, Trump, ” Vance, “, Rogan —, ”, Kamala Harris, Rogan, ” Rogan, I’ve, you’ve, “ I’ve, ” Trump, Butler, I’m, who’s, —, “ We’re, Emily Organizations: Ivy League, Harvard, Yale, Yale Law School, “, Human Rights, Trump, Republican, Netflix, Service Locations: Minneapolis, Toronto, Butler , Pennsylvania, Cincinnati , Ohio, Cincinnati, Paris

Atlanta rap star Young Thug agreed to change his plea to guilty Thursday in Georgia’s longest-running criminal trial, a stunning turn that, if approved by the judge, would bring his high-profile case to a close. The agreement comes after three of Young Thug's co-defendants took plea deals this week following mounting speculation that Whitaker could order a mistrial. Fulton County District Attorney Fani Willis used Georgia's Racketeer Influenced and Corrupt Organizations, or RICO, statute to claim Young Thug and his associates are a street gang with ties to the national Bloods gang. Whitaker this week approved plea deals for three of them: Quamarvious Nichols, 29; Marquavius Huey, 28; and Rodalius Ryan, 18. Young Thug first gained mainstream success with his 2014 drug anthem "Stoner."

Persons: Young Thug, Jeffery Lamar Williams, Paige Whitaker, Young Thug's, Whitaker, Young, Fani Willis, Georgia's, Quamarvious Nichols, Marquavius Huey, Rodalius Ryan, Huey, —, Ryan, Deamonte Kendrick, Shannon Stillwell, Wunnie Lee, Shawty, Nichols, Lee, We're, Nicole Westmoreland, Stoner, Travis Scott, Post Malone, Meek, Drake, Childish Gambino's Organizations: Atlanta, Bloods, Young, YSL Records Locations: Georgia’s, Fulton County

The early votes of new voters — voters who did not show up in 2020 — are of particular interest because they are votes that could change what happens in 2024 relative to the last presidential election. The data out of Pennsylvania shows large differences in the number of votes cast by new voters, both by party registration and by gender. More new voters are registered Democrats than Republicans, and new female voters are driving this partisan gap. The new male voters are only slightly more likely to be Democrats than Republicans, but among new female voters, Democrats outnumber Republicans nearly 2 to 1. But the Republican advantage in new Arizona voters so far is being driven largely by male voters.

Persons: —, Joe Biden, Donald Trump ., Biden, Kamala Harris, Josh Clinton Organizations: NBC, Democratic, Trump, don’t, Republicans, Biden, New, Democrats, Arizona voters Locations: Pennsylvania, Arizona, Arizona , Nevada , North Carolina, Georgia , Michigan, Wisconsin, Michigan, North Carolina, Nevada

Over the past seven decades, Puerto Rico has been governed by the pro-statehood New Progressive Party, currently in office held by Gov. This year, however, the candidate from the Puerto Rican Independence Party, a minority party that advocates for the island’s independence from the U.S., has had a breakthrough. Independence Party candidate Juan Dalmau has gained enough momentum to have a fighting chance at defeating Jenniffer Gonzalez, the candidate from the incumbent pro-statehood party, and relegating the candidate from the Popular Democratic Party, Jesús Manuel Ortiz, to third place. As a result, Congress passed the PROMESA law in 2016 to create a federally appointed fiscal oversight board to allow Puerto Rico to restructure its debt. In addition to this, Puerto Rico was hit by devastating natural disasters that include 2017’s Hurricane María and a series of earthquakes in 2020 and the pandemic.

Persons: Pedro Pierluisi, Juan Dalmau, Jenniffer Gonzalez, Jesús Manuel Ortiz, he's, Carlos Vargas, Ramos, Puerto Ricans, Ricardo Rosselló, Cristina Rodríguez, “, Rodriguez, Ortiz, Miguel Hernández, there's, Castro, ”, González, Jorge Schmidt Nieto, Schmidt Nieto, Pierluisi, Kamala Harris, Donald Trump, Harris, Tony Hinchcliffe’s, Puerto, Dalmau, Charles Venator, wouldn't, Javier Jiménez Organizations: New Progressive Party, Gov, Popular Democratic Party, Puerto Rican Independence Party, Independence Party, Puerto Ricans, Alianza, Citizens, Center, Puerto Rican Studies, Hunter College, Puerto Rican, Islanders, Puerto Rico, “ Alianza ”, Avid, Housing, U.S, University of Puerto, González, Puerto Rico's Center, Investigative Journalism, of Justice, Puerto Rico’s nonvoting, Popular Democratic, Trump, University of Connecticut Locations: Puerto Rico, U.S, Puerto, New York, Puerto Rican, Puerto Ricans, Alianza, Cuba, University of Puerto Rico, Mayagüez, Dalmau, Santiago, Venator

Turning Point Action is one of several outside groups that have taken over the work of canvassing on behalf of Republicans. Some churches and pastors promoted Turning Point events during worship services and in social media posts, NBC News found. Training churches to serve as unofficial Trump campaign surrogates fits into a broader campaign by Turning Point to mobilize evangelicals. Screenshots of Turning Point Action's smartphone app, which encourages canvassers to avoid voters from the "wrong party." When a person attending a June Turning Point conference asked whether it was a good idea to run get-out-the-vote programs through churches, Brett Galaszewski, a Turning Point field director, said that’s exactly what pastors should be doing.

Persons: Charlie Kirk, Donald Trump, ”, Sam Brunson, Patrick T, Fallon, —, I’ve, Philip Hackney, Hackney, Trump, “, ” Hackney, Sen, JD Vance, Rebecca Noble, Corinne Wolyniec, Lloyd Mayer, Alyssa Goncales, Johnny, I’m, intoned, ” David Rose, Rose, Kamala ”, wasn’t, Rose didn’t, Eric Hayes, Kamala Harris, Lyndon B, Johnson, Kirk, Jesus ’, God’s, ” Kirk, Christian, haven’t, canvassers, Brett Galaszewski, Schayden Gorai, “ There’s, ” Gorai, Mayer, ’ ” Mayer Organizations: Republican, NBC News, Loyola University, Getty, University, Pittsburgh, IRS, Trump, Republican National Committee, Republican Party, NBC, Democrats, Notre Dame Law School, Waters Bible Church, University of Houston Law Center, Chase, Crossing Community, Freedom House Church, “, Greater Augusta Apostolic Church, Hope, Republican GOP, ”, Congress Locations: Chicago, Las Vegas, AFP, Mesa, Ariz, Arizona , Georgia, Michigan, Nevada , North Carolina, Wisconsin, San Tan Valley , Arizona, Crossing Community Church, Genesee Depot , Wisconsin, Charlotte , North Carolina, North Carolina, Greater Augusta, Columbia County , Georgia, Lake Havasu City , Arizona, Philadelphia, America, California

This week, the state health department issued an advisory to doctors suggesting that recent ads about Nebraska’s abortion restrictions had created "confusion." She said the health department and Gov. Jeff Powell, communications director for the Nebraska Department of Health and Human Services, said the intent of the health alert was to "clarify the current law." In response to the health department alert, two doctors in the state said there is no confusion among physicians about how to treat ectopic pregnancies or miscarriages. The Florida Health Department sent cease-and-desist letters to multiple broadcast stations that aired an ad supporting an abortion-rights ballot measure.

Persons: Timothy Tesmer, Allie Berry, —, Berry, Jim Pillen —, Jeff Powell, women’s, Kimberly Paseka, Paseka, ”, ” Paseka, “, Abigail Drucker, Drucker, ” Drucker, ” Dr, Mary Kinyoun, ” Powell, DHHS, Joseph Ladapo Organizations: OB, Nebraska, Gov, Republican, Nebraska Department of Health, Human Services, NBC News, American College of Obstetricians, Florida Health Department Locations: Nebraska, Gynecologists ’ Nebraska, Omaha, Florida

☆ Retiree spending helped thwart a US recession. But boomers are losing a key financial advantage.
▼ + stars: | 2024-10-31 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Retirees have been spending big thanks to recent gains in Social Security income, Bank of America said. But annual payment increases are falling behind workers' wage growth, the note said. Some economists have said baby boomer spending helped ward off a recession in recent years. Bank of America said retired consumers enjoyed greater spending power in the past two years as Social Security income got a boost. AdvertisementThe trouble with weaker spending among baby boomers is that the generation's willingness to splurge has been credited with helping the US avoid a recession in recent years.

Persons: boomer, —, X, Ed Yardeni Organizations: Social, Bank of America, Service, Social Security, Bank of America Institute

☆ I've toured many colleges with my sons. I recommend visiting this one place on every campus to see if the school is the right fit.
▼ + stars: | 2024-10-31 | by ( ) www.businessinsider.com time to read: +4 min

We learned that visiting the dining hall is the best way to see if a kid will fit in on campus. AdvertisementAfter perfecting that college essay and building an impressive transcript, the college tour is the next step in choosing the best school for a student's continuing education. While some school narrowing is accomplished during applying, few students pick their future alma mater without ever stepping on a campus. No one is saying that the college dining hall resembles the Plastics ruling North Shore High School's seating chart. AdvertisementLooking around and finding people who share a common perspective can make the transition from high school to college smoother.

Persons: — Organizations: Service, US Naval Academy, North Shore, UFC

☆ Miu Miu is hot right now — and Prada's chic sibling is helping it buck the luxury slowdown
▼ + stars: | 2024-10-31 | by ( Maria Noyen | ) www.businessinsider.com time to read: +3 min

This was largely due to the success of its sister brand, Miu Miu. AdvertisementPrada Group is defying the luxury slowdown thanks to its Miu Miu brand. Miu Miu products, like its micro skirt, have a cult following among Gen Z consumers. Related stories"Likewise, Miu Miu would probably not be experiencing this type of growth today if it hadn't been part of a larger group," Bonini added. In a note to clients on Wednesday, Bernstein analyst Luca Solca said that the brand's current trajectory "confirms our view that the market is underappreciating the growth that Miu Miu can generate in the next 12 to 18 months."

Persons: Miu Miu, —, Kering, Miuccia Prada, Emily Ratajkowski, Hunter Schafer, Hailey Bieber, Blanca Zugaza Escribano, execs, Andrea Guerra, Prada, Andrea Bonini, Miu, Bonini, Bernstein, Luca Solca Organizations: Prada, Service, Hermès Locations: China

☆ Funding 'John Wick' kick-started Eva Longoria's investing career. Now, it's her day job.
▼ + stars: | 2024-10-31 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +13 min

Eva Longoria stepped in at the last minute with a $6 million investment that saved "John Wick." AdvertisementTen years ago, Eva Longoria became the unlikely savior of "John Wick." I love David saying, "They went to people with bankroll." What have you made off that $6 million investment? AdvertisementLooking back, how significant was the "John Wick" investment in your investing career today?

Persons: Eva Longoria, John Wick, she's, Longoria, —, Chad Stahelski, David Leitch, Gabrielle, Leitch, Stahelski, Eva, Michael Park, Keanu Reeves, Reeves, She's, Natalie Portman's, David, I've, you've, Keanu, I'm, Chad, Alexandra, You've, Bob Iger, Willow, Orlando Ramirez, Getty, Angel City, Natalie Portman, Al Tylis, Sam Porter, Ryan Reynolds, Rob McElhenney, Rob, Ryan, Garza, Gonzalo Marroquin, Eva Longorias, that's Organizations: Service, CAA, Hyphenate Media Group, Apple, Natalie Portman's Angel City FC, Del, PepsiCo, Business, Lionsgate, Keanu, Angel, FC, Disney, Club Necaxa, Liga MX, Premier League, Angel City, Wrexham AFC, Wrexham, Pepsi, Casa, CNN, Hyphenate Media Locations: Hollywood, Natalie Portman's Angel, Del Sol, Chad, Angel, United States, Wrexham, Aguascalientes, Texas, Mexico, Spain

☆ Amazon's CEO is even more bullish on the AI opportunity
▼ + stars: | 2024-10-31 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Amazon's AI services are rapidly growing, with significant demand for AWS's AI chips. AdvertisementJust when you thought Big Tech executives couldn't get more bullish on AI, Amazon CEO Andy Jassy upped the ante on Thursday. Amazon has launched a number of new AI services in recent years, including Bedrock, an AI development tool, the Rufus shopping agent, and homegrown AI chips called Inferentia and Trainium. Amazon's AI business is "growing three times faster at its stage of evolution than AWS did itself," he added. AdvertisementCustomers are realizing that AI model training and inference "could get costly" and AWS's AI chips can be "very compelling" in terms of its price, the CEO explained.

Persons: Jassy, —, couldn't, Andy Jassy, We've, unravels ChatGPT, Rufus Organizations: Service, Big Tech, Amazon, Services Locations: capex

☆ 90% of the latest US aid package hasn't reached Ukraine, Zelenskyy says
▼ + stars: | 2024-10-31 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +3 min

Zelenskyy said most of the aid the US passed for Ukraine in April hasn't got to Ukraine. He said 10% of the $61 billion aid package had made it so far. AdvertisementUkrainian President Volodymyr Zelenskyy questioned why much of the latest US aid package had yet to reach Ukraine, saying it had so far received 10%. The $61 billion package was approved in April after monthslong delays and pushback from House Republicans. Lithuanian Foreign Minister Gabrielius Landsbergis said in August that Ukraine may have to wait until 2027 to receive some Western aid.

Persons: Zelenskyy, hasn't, —, Volodymyr Zelenskyy, Joe Biden, Gabrielius Landsbergis Organizations: Ukraine, GOP, Service, House Republicans, Reuters, NATO, Department of State, Lithuanian, US, US Department of Defense, Ukraine's Ministry of Foreign Affairs Locations: Ukraine, Russia, Russian

☆ Death toll in Spain's floods rises to 158, among Europe's worst storm disasters
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: +5 min

A man with a shovel stands on a mud-covered street in the aftermath of torrential rains that caused flooding, in Paiporta, Spain, October 31, 2024. A view shows an area affected by heavy rains that caused flooding near Valencia, Spain, October 31, 2024. People stand next to damaged surface metro tracks in the aftermath of torrential rains that caused flooding, in Paiporta, Spain, October 31, 2024. Stranded cars are piled up on the street, following floods, in La Torre neighbourhood in Sedavi, Valencia, Spain, October 31, 2024. A woman kneels down against a wall as mud fills the street in Sedavi, Valencia, Spain, October 31, 2024.

Persons: Eva Manez, Angel Victor Torres, Mayor Maria Jose Catala, La Torre, Doce, Laura Villaescusa, Maribel Albalat, Antonio Molina, Molina's, Oscar Puente, Puente, Susana Vera, Pedro Sanchez, Ricardo Gabaldon Organizations: Rescue, Mayor, Reuters, La Torre, Interior Ministry, TVE Locations: Paiporta, Spain, Valencia, Germany, Romania, Portugal, La, Madrid, La Torre, Sedavi, Valencia city, Spanish, Utiel

☆ Democrats are beating Republicans in voter enthusiasm, even as swing-state polls show tight race
▼ + stars: | 2024-10-31 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Democrats have a big enthusiasm advantage over Republicans in the 2024 election, per Gallup. But polling in key swing states continues to show a tight race between Harris and Trump. AdvertisementWith just five days to go until Election Day, Democrats appear to have a significant advantage over Republicans when it comes to voter enthusiasm. Just before the 2012 election, Republicans boasted a 12-point enthusiasm advantage over Democrats, but Mitt Romney still lost to Obama. AdvertisementThough a better measure than voter enthusiasm, polling also has its pitfalls.

Persons: Harris, —, Barack Obama, Mitt Romney, Kamala Harris, Donald Trump, Trump Organizations: Gallup, Trump, Service, Democratic, GOP, Electoral College, Democrats, Obama, Washington Post, Electoral Locations: Michigan, Gaza, Pennsylvania, Wisconsin, Arizona, Nevada, North Carolina, Georgia, In Nevada

☆ Meet the VP who works year-round to make one of the country's most controversial Halloween candies
▼ + stars: | 2024-10-31 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Matt Escalante is the new VP of Brach's seasonal division, best known for its candy corn. The company knows its top treat is controversial — but it dominates a nearly $90 million market. AdvertisementIf you've eaten candy corn sometime in the last century, there's a good chance it came from Brach's. The confection giant is best known for cornering the candy corn market, churning out 28 million pounds of the candle-like candy each year and raking in $75 million of an $88.5 million candy corn market in 2022, according to data from the consumer research firm Circana. And while the candy corn market stays booming, the product itself — with its waxy texture, neon coloring, and saccharine aftertaste — is notoriously polarizing.

Persons: Matt Escalante, Escalante, —, Brach's, Laffy Organizations: Service, Business, Twitter, Ferrara Candy Company, Street Journal Locations: Brach's, Escalante, Ferrara

☆ Marc Andreessen says US carmakers need to make a $20,000 EV if they don't want to 'lose the auto industry' to China
▼ + stars: | 2024-10-31 | by ( Jaures Yip | ) www.businessinsider.com time to read: +6 min

Investors Marc Andreessen and Ben Horowitz said Chinese EVs are beating out American and European automakers. Andreessen Horowitz founders Marc Andreessen and Ben Horowitz said on their podcast that Chinese automakers have developed high-quality and affordable vehicles supported by a robust supply chain ecosystem. With the American auto industry struggling with slowing growth in its EV market, American automakers need to be able to offer a compelling $20,000 EV that also competes on quality if the US doesn't want to "lose the auto industry," Andreessen said. Andreessen said that Chinese car brands are outperforming American EV automakers in affordability and quality, calling them "super technologically sophisticated." AdvertisementTo keep up, American automakers need to be able to offer a similarly affordable and full-featured car at the $20,000 price point, Andreessen said.

Persons: Marc Andreessen, Ben Horowitz, Andreessen Horowitz, Xiaomi's, —, It's, Andreessen, they've, Horowitz, Jim Farley, " Horowitz, Elon Musk, Tesla, Musk, Xiaomi Organizations: Service, Centre, Strategic & International Studies, Ford, Porsche, Porsche Cayenne, American EV, Elon, Nissan Locations: China, Mexico, Dubai, American

☆ Bones recovered from a Tudor shipwreck contain modern medical insights
▼ + stars: | 2024-10-31 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

The Mary Rose was one of the largest warships of the Tudor navy during King Henry VIII’s reign until it sank on July 19, 1545, during a battle against the French. The Mary Rose was one of them, and the flagship became the king’s favorite. The hull of the Mary Rose, supported by a steel cradle attached to a lifting frame, was raised on October 11, 1982. The research team used Raman spectroscopy, a nondestructive method that preserves valuable samples, to study the bones, Shankland said. “Investigating the impact of this on the spine would further our understanding of bone chemistry changes with age, but also with stress from activity.”

Persons: Mary Rose —, Mary Rose, King Henry VIII’s, ”, Sheona, Henry VIII, Alex Hildred, ” Hildred, “, Shankland, Adam Taylor, ” Shankland, Tudor, Richard Madgwick, Madgwick, ” Madgwick, Dr Organizations: CNN, Tudor, Solent, Mary Rose Museum, telltale, Lancaster Medical, Lancaster University, “, Mary, University of Glasgow, Fox, Getty, Cardiff University Locations: Solent, Isle of Wight, Great Britain, Portsmouth, England, Brest, France, Scotland, Tudor England

☆ The US Navy fired nearly $2 billion in weapons over a year of fighting in the Middle East
▼ + stars: | 2024-10-31 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

The US Navy has been involved in combat operations in the Middle East for over a year. In that time, Navy warships and aircraft in the region have fired $1.85 billion worth of munitions. AdvertisementThe US Navy has fired off nearly $2 billion worth of munitions since it began intense combat operations in the Middle East a little over a year ago. An F/A-18E Super Hornet launches from the flight deck of the USS Dwight D. Eisenhower in the Red Sea. Advertisement"We've demonstrated that on multiple occasions throughout the Middle East, whether it's supporting the defense of Israel, protecting the freedom of navigation in the Red Sea, or addressing threats throughout the Middle East and other places," he added.

Persons: —, Dwight D, Eisenhower, Jonathan Word, Maj, Pat Ryder Organizations: US Navy, Service, Navy, Business, Pentagon, Hornet, US, Street Journal, US Central Command Locations: Red, Israel, Iran, Aden, Gaza, Iranian, Yemen

☆ This 5-year-old kid who dressed up as Jensen Huang for a festival in Taipei has already won Halloween
▼ + stars: | 2024-10-31 | by ( Erin Liam | ) www.businessinsider.com time to read: +3 min

A 5-year-old Taiwanese boy dressed up as Nvidia's Jensen Huang for Halloween. "He just knows that he is dressed as a very remarkable person," the boy's mom told BI. At least, that's the case for the 5-year-old boy from Taipei who dressed up as Nvidia's Jensen Huang for the holiday. "The Jensen Huang Halloween costumes are here," the user wrote. The Jensen Huang Halloween costumes are here pic.twitter.com/JQavitfhKf — Evan (@StockMKTNewz) October 29, 2024The GPU costume took a week to make, said Kuo.

Persons: Nvidia's Jensen Huang, —, Jensen, Kuo Yuyun, JQavitfhKf — Evan, Kuo, Huang Organizations: Service, Nvidia Locations: Taipei, Taiwan, New York City

☆ Wall Street remains confident on Microsoft's AI story despite weak guidance. Some say to buy the dip
▼ + stars: | 2024-10-31 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Wall Street's bullish sentiment on Microsoft hasn't faded, even after the tech giant forecast disappointing revenue growth numbers. The company's revenue increased 16% year over year in the quarter, and its net income rose 11% during the period compared to the year-ago quarter. That forecast led shares to slip nearly 4% in premarket trading, despite the company's strong earnings performance. That would be the company's fastest ever AI-related revenue growth rate. Barclays, which has one of the lowest price objectives on Wall Street, said it sees Microsoft shares being "range bound" in the short term.

Persons: Morgan Stanley —, Bernstein, Morgan Stanley, Keith Weiss, Weiss, Kirk Materne, Materne, Raimo Lenschow Organizations: Microsoft, LSEG, JPMorgan, Bank of America, Barclays, Citi, 25X, Investors Locations: Wells

☆ The US economy is in for a double shock if Trump is elected president, Nobel economist Paul Krugman says
▼ + stars: | 2024-10-31 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Trump's policies could leave the US economy with two major challenges, Paul Krugman said. Krugman pointed to Trump's economic plan, which economists have described as inflationary. Trump's deportation plans could also hit the economy, given that immigration has boosted the job market. AdvertisementThe US could be in for twin shocks if Trump becomes president for a second time, Nobel economist Paul Krugman said. Trump's general economic plan is also widely thought to be more inflationary than Harris's.

Persons: Paul Krugman, Krugman, —, Trump, Harris Organizations: Service, Peterson Institute for International Economics, Financial Times, University of Chicago, American Immigration, New York Times Locations: York

☆ North Korean troops will become 'cannon fodder' if they join Russia's war against Ukraine, South Korea says
▼ + stars: | 2024-10-31 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

South Korea's UN ambassador says North Korean soldiers will become "cannon fodder" in Ukraine. AdvertisementNorth Korean troops headed to fight in Ukraine will "end up as mere cannon fodder," Joonkook Hwang, the South Korean ambassador to the UN, said on Wednesday. 'Cannon fodder'The news of North Korea's troops joining Russian troops comes as Russia has struggled to find the manpower for its military. Hwang's prediction of the fate that awaits North Korean troops echoes comments Ukraine and the US have made over the course of the war. AdvertisementIn June, the Pentagon said North Korean soldiers will become "cannon fodder" if they are sent to aid the Russian war effort.

Persons: —, Joonkook Hwang, Hwang, Kim Jong, Cannon, Vladimir Putin, Kim Jong Un Organizations: North, Service, South, UN, UN Security, Ukraine, Russian, Pentagon, Business Locations: UN, Ukraine, North Korea, South Korean, New York, Russia, South Korea, North, Iran, DPRK, Europe

☆ I interviewed for my first job after college from a hospital bed. I had just given birth.
▼ + stars: | 2024-10-31 | by ( Chaunie Brusie | ) www.businessinsider.com time to read: +5 min

The nurse manager came to interview me for a job while I was still admitted. The last thing I expected was to host a job interview from my hospital bed. Related storiesRelated VideoI had forgotten I had a job interviewThe truth is, I had completely forgotten my scheduled job interview that day. Everything happened so fast that I had completely forgotten about the job interview. Looking back, part of me wonders if the nurse manager that day was just being nice or if it crossed the boundaries of professionalism.

Persons: — Organizations: Service Locations: —

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