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A resident walks next to a car lifted up in a street covered in mud in a flooded area in Picanya, near Valencia, eastern Spain, on October 30, 2024. At least 63 people have died in eastern Spain after flash floods swept away cars, turned village streets into rivers and disrupted rail lines and highways in the worst natural disaster to hit the European nation in recent memory. Emergency services in the eastern region of Valencia confirmed a death toll of 62 people on Wednesday. Rainstorms on Tuesday caused flooding in a wide swath of southern and eastern Spain, stretching from Malaga to Valencia. Floods of mud-colored water tumbled vehicles down streets at high speeds, while pieces of wood swirled in the water with household items.
Persons: Pedro Sánchez, Sánchez Organizations: Castilla La, Police, Spanish, Authorities Locations: Picanya, Valencia, Spain, Castilla La Mancha, Cuenca, Rainstorms, Malaga
The euro zone economy grew 0.4% in the third quarter, flash figures published by the European Union's statistics agency showed Wednesday. Analysts say euro zone growth should cautiously pick up in the coming months, amid lower interest rates and cooling inflation. The ECB cited persistent signs of weak activity in the euro area as a key factor in the central bank's decision to enact an October cut. Markets have fully priced another 25-basis-point cut from the ECB in its last meeting of the year in December. The euro zone's biggest economy, Germany, recorded surprise growth of 0.2% in the third quarter, according to figures published on Wednesday.
Organizations: Reuters, European Central Bank, ECB Locations: Madrid, Spain, Germany
Saudi Arabia's Public Investment Fund on Wednesday signed a memorandum of understanding with Brookfield Asset Management, under which the wealth fund will serve as a strategic anchor investor for the asset manager's newly announced private equity vehicle for the region, Brookfield Middle East Partners. Signed at the eighth edition of Future Investment Initiative, Saudi Arabia's flagship annual economic conference in Riyadh, the non-binding agreement marks the kingdom's latest push for financial partnerships that boost private equity investment and economic development within its borders. The move is in line with Saudi Arabia's recently-updated Investment Law, which seeks to attract more foreign direct investment — it's set itself a lofty target of $100 billion in annual FDI by 2030. Currently, that figure has averaged around $12 billion per year since Vision 2030 was announced in 2017, according to data from the kingdom's investment ministry — still a long way from that goal. The PIF, the kingdom's $925 billion sovereign wealth fund, has deployed billions in capital around the world as it aims to diversify Saudi Arabia's revenue streams away from oil, materializing the central goal of Crown Prince Mohammed bin Salman's Vision 2030 campaign.
Persons: , Prince Mohammed bin Salman's, Yasir al Rumayyan, Bruce Flatt Organizations: Saudi, Public Investment Fund, Wednesday, Brookfield Asset Management, Brookfield Middle East Partners, Future Investment Initiative, Saudi Arabia's, Brookfield, Brookfield Academy Locations: Riyadh, Saudi Arabia, Saudi
AMD's GPU sales are nearing CPU sales, driven by AI data center demand. AMD raised its 2024 GPU sales forecast to over $5 billion, up from $4.5 billion. AdvertisementWhat could also keep this dynamic from becoming permanent is the immaturity of the ecosystem around AMD GPUs. UBS analysts warned that 2025 may be yet another transition year in which AI data centers and GPU sales don't reach maturity — predicting higher GPU sales in 2026 than in 2025. The analysts expect $5 billion in GPU sales this year to reach around $8 billion next year.
Persons: , Lisa Su, Su, Morgan Stanley Organizations: AMD, Service, Bank of America, Nvidia, UBS
The global British American Tobacco Group (BAT) is pursuing "A Better TomorrowTM by Building a Smokeless World" — and transforming their business and an entire industry. Reynolds American and BAT believe tobacco harm reduction (THR) could be one of the most significant advancements in public health. Reynolds American and BAT have created dynamic work environments and inclusive cultures, which have earned both organizations many external accolades. Sustainability is at the heart of the Reynolds American organization's transformation and is directly linked to its goals around THR. Reynolds American and BAT are optimistic that their investments focused on sustainable business transformation will drive positive momentum and progress the Building a Smokeless World mission.
Persons: Reynolds Organizations: American Tobacco Group, US, BAT, Reynolds, Reynolds American, BAT Group, Sustainability, Reynolds American Inc, Insider Studios, Reynolds Tobacco Company, Santa Fe Natural Tobacco Company, Inc, Snuff Company, Company, Modoral Brands Inc Locations: North Carolina, London, Santa Fe
Kelley was originally freed pending trial on his Jan. 6 charges but was then re-arrested in an alleged murder plot in December 2022. His defense team did not put forth any witnesses during his trial, and Kelley himself declined to testify. Online, Kelley used an encrypted email with the handle "chaos_continues" to make some of his purchases, Mann testified. Kelley, in a gas mask, at the Capitol on Jan. 6, 2021, according to the FBI. More than 1,500 people have been charged in connection with the Jan. 6 attack on the Capitol, and prosecutors have secured more than 1,100 convictions.
Persons: WASHINGTON, Donald Trump, Edward Kelley, Kelley, Austin Carter, , Carter, Trump, , Trump rioter, John Emanuel Banuelos, Jessi Mann, Kelley's sweatshirt, Mann, Colleen Kollar, Eugene Goodman, Goodman, Mike Pence, Patrick C, Holvey Organizations: U.S . Capitol, Federal Bureau of, Planned, Capitol, FBI, Prosecutors, Conservative, ., NBC, USDCDC Prosecutors, U.S, Capitol Police, Electoral Locations: Tennessee, Washington, Kelley's, British
St. Louis police on Monday released a detailed report about a 2022 school shooting that left a student and teacher dead, publicly revealing for the first time the gunman’s struggle with his mental health and hospitalizations over suicide attempts. The 456-page document also outlines concerns raised by Orlando Harris’ family and their attempts to get help. Students stand in a parking lot near the Central Visual & Performing Arts High School in St. Louis, on Oct. 24, 2022. Following the shooting, agents went to the storage unit and found it completely empty. During one session, Harris allegedly talked about shooting people at his old high school, the report says.
Persons: Louis, Orlando Harris, Tanya Ward, Harris, ” Harris, Jean Kuczka, Bell, David Carson, ABACA, Ward, , Orlando H, “ Ward, Harris ’, wasn't, Hetal Patel, Patel, worthlessness, ” Patel Organizations: Louis police, Central Visual, Performing Arts High, Central Visual & Performing Arts High School, Louis Metropolitan Police Department, Authorities Locations: St, Orlando, Louis
They argue that Casey, a middle-of-the-road liberal, had previously not been at the forefront of the populist economic turn in both parties. Casey’s Senate website dedicates an entire page to “greedflation,” which he also discussed at length in his speech at the Democratic National Convention this summer. The core of Casey’s argument is the assertion that, from July 2020 to July 2022, corporate profits rose five times faster than overall inflation. I would concede the economy has gotten better,” said McCormick, who has run an ad to counter Casey on the topic. “If you’re living paycheck to paycheck, you’re still in the grind, and that’s what I think Bob Casey and Kamala Harris do not understand.
Persons: Sen, Bob Casey, , Casey, “ greedflation, , Mike Mikus, ” Dave McCormick, I’m, they’re, they’ve, “ greedflation ”, Joe Biden, Kellogg’s, Clark, Proctor, McCormick, ” Sen, Raphael Warnock, Donald Trump, Maria Collett, greedflation ”, “ It’s, ‘ greedflation, Biden’s, Kamala Harris, Harris, pollsters, you’re Organizations: GOP, Democratic, Republican Senate, Federal Trade Commission, Senate, Gamble, Disney, Convention, Federal Reserve Bank of Kansas, NBC, San Francisco Federal Reserve, The Washington Post, Republican, NBC News, Republicans, ” “, Federal Reserve Locations: , Pennsylvania, Haverford Township, Kimberly, Federal Reserve Bank of Kansas City, U.S
CNN —November is just a few days away, but Japan’s iconic Mount Fuji remains snowless, marking the latest date without a snowcap since records began 130 years ago. The lack of snow as of October 29, beats the previous record of October 26, set in 1955 and 2016, he said. This aerial view shows climbers lining up to take a photo on the Kengamine summit of Mount Fuji on August 10, 2024. The unusual October heat Japan experienced was made three times more likely because of the climate crisis, Climate Central found. Straddling Japan’s Yamanashi and Shizuoka prefectures, the 3,776-meter Mount Fuji is a UNESCO World Heritage site and an icon of Japan.
Persons: Snowcaps, Shinichi Yanagi, Stringer Organizations: CNN, Mount, Fuji, NHK, Meteorological Office, Meteorological Agency, Mount Fuji, Kyodo, Climate, Northern, UNESCO Locations: Kofu, Japan, Mount, Central, Yamanashi, Shizuoka, overtourism
Fast forward to 2024 and Sio could recently be found cutting the ribbon to officially reopen the 96-year-old Hotel Central as its new owner. Hotel Central, formerly named the President Hotel, opened a few years later and became a key feature of the neighborhood. Simon Sio, pictured, grew up across from Macao's Hotel Central. Hotel Central was the first hotel in Macao to install an elevator. Courtesy Lek Hang GroupThe newly renovated Hotel Central has 114 rooms with a retro interior design inspired by the 1920s, 1930s and 1940s.
Persons: , I’d, Ribeiro, Ma Lo, , San Ma Lo, Simon, hasn’t Organizations: CNN, Hang, Avenida, Hotel Central, Macao's Hotel, Central, UNESCO, Hotel, MGM Locations: Macao, , Portuguese, Central, Ma, Hotel, San Ma, China, Barra
AWS's Graviton CPU chips are used by over 90% of its 1,000 largest data center customers. AWS's custom silicon strategy includes AI chips like Inferentia and Trainium. AdvertisementIn 2018, Amazon Web Services launched Graviton, its own line of homegrown central processing unit chips for data center servers. Big enterprises, such as Epic Games, Databricks, and Pinterest, are all major Graviton customers, he said. "We will absolutely continue to drive innovation in custom silicon as we have been doing for the past 10-plus years."
Persons: , Rahul Kulkarni, Kulkarni, Graviton, James Hamilton, Bernstein, AWS's Kulkarni, Jassy Organizations: Service, Amazon Web Services, Intel, AMD, Epic, Annapurna Labs, Bernstein Research, AWS Locations: Israel
Stanley Black & Decker stock plunged Tuesday on the company's quarterly earnings release — a move Jim Cramer said investors should capitalize on. As the Federal Reserve continues to lower borrowing costs, activity in the housing market should pickup, boosting demand for Stanley Black & Decker's tools. "If you believe the rate cycle is coming, that's the stock to buy," Jim added. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Stanley Black & Decker power drills are displayed for sale at a Home Depot store in Colma, California.
Persons: Stanley Black, Jim Cramer, Jim, Decker, we're, Jim Cramer's, David Paul Morris Organizations: Federal Reserve, CNBC, Bloomberg, Getty Locations: U.S, Colma , California
Mel Macintyre landed her dream job at a finance company in Edinburgh in her 30s. AdvertisementThis as-told-to essay is based on a transcribed conversation with Mel Macintyre, a business and life coach living in Eriskay in the Outer Hebrides, Scotland. I've been a business coach for 25 years and climbed the corporate career ladder in a typical, ambitious way. I struggled with feeling inauthentic and like I had to put a mask on at work every day. The way I was living my life was fundamentally making me ill, but I didn't want to let people down.
Persons: Mel Macintyre, Macintyre, , I've, I'd, MacIntyre, it's, they've, Mel Macintyre It's Organizations: Service, HSBC, Edinburgh, Scottish Government, Business Locations: Edinburgh, Scotland, Eriskay, Europe, Ayrshire
BlackRock CEO Larry Fink says the Fed will cut rates just once more this year. The market sees two more 25 basis point cuts before the end of the year. AdvertisementThe Federal Reserve will disappoint markets by cutting interest rates just one more time in 2024, BlackRock CEO Larry Fink said. Fink said the Fed will likely cut interest rates by 25 basis points before the end of the year amid a rise in global inflation. The central bank kicked off its easing cycle with a jumbo 50 basis point cut last month.
Persons: Larry Fink, , Fink, " Fink, we're, Goldman Sachs, Morgan Stanley Organizations: BlackRock, Fed, Service, Reserve, Infrastructure Investment, Jobs Act, U.S . Bureau of Labor Statistics, CNBC Locations: Riyadh, Saudi Arabia
CNN —Steve Bannon was released from federal prison Tuesday, according to a source with knowledge, emerging just a week before Election Day to retake the helm of his weakened right-wing media platform. “War Room,” which frequently appeared in Apple’s Top Podcasts before Bannon reported to prison, fell off the charts by early July, according to data from Podchaser. Peltz still predicted Bannon would be a prominent voice for election denialism if it appears Trump is coming up short after Election Day. On the “War Room” podcast, a cast of fill-in hosts cheered Bannon’s return. In May, Bannon claimed on his podcast that “they’re going to do everything to steal this election,” as he reiterated the baseless claim that the 2020 presidential election was stolen.
Persons: Steve Bannon, Bannon, Donald Trump’s, Maureen, Bannon’s MAGA, we’ve, , Madeline Peltz, Trump, , ” Peltz, Bannon’s, Mike Lindell, Stephen K, MAGA, ” Natalie Winters, Winters, “ It’s, “ Bannon, “ There’s, CNN’s Sabrina Shulman, Maria Aguilar Prieto, Maria Sole Campinoti Organizations: CNN, Trump, Capitol, Apple, Media, Edison, Media Matters Locations: Connecticut, Podchaser, New York
There could be trouble ahead for consumers and the economy if interest rates don't come down, the latest financial results from D.R. "While mortgage rates have decreased from their highs earlier this year, many potential homebuyers expect rates to be lower in 2025," he said in a statement . Horton year to date The rate for a 30-year fixed mortgage is currently 7%, according to Mortgage News Daily . Mortgage rates are tied to the yield on the 10-year Treasury note, which has recently spiked higher. For the fiscal fourth quarter that just ended, it reported earnings of $3.92 per share on revenue of $10 billion.
Persons: Horton, David Auld, LSEG Organizations: Wall, Mortgage News, Federal Reserve, Treasury, Toll, Pulte, KB, Home Locations: Arlington , Texas
Corporate earnings growth, productivity growth, and business fixed investment all seem to be headed in the right direction as well. Related storiesThese signals have given David Kelly, JPMAM's chief global market strategist, great confidence. Such tariffs would cause "seismic shocks to the US economy," Tom Orlik, the chief economist at Bloomberg Economics, said earlier this month. Charles Schwab global investment strategy chief Jeffrey Kleintop cited tariffs as a top risk back in June. "But oddly enough, the global economy bounced back anyway.
Persons: David Kelly, , JPMAM, Kelly, Donald Trump who's, Tom Orlik, Charles Schwab, Jeffrey Kleintop, I'd Organizations: JPMorgan Asset Management, Service, Asset Management, Federal Reserve, Bloomberg Economics, Peterson
The US Air Force majorly overpaid for C-17 spare parts, including bathroom soap dispensers, per a Pentagon watchdog. AdvertisementThe US Air Force overpaid for spare parts for a C-17 military transport aircraft manufactured by Boeing, according to a new watchdog report. The audit, which detailed cost issues with a variety of C-17 spare parts, blamed the overpayment on a lack of oversight by the Air Force. The C-17 is a workhorse for the Air Force and joint force, transporting troops and a variety of assets. US Air Force photo by Staff Sgt.
Persons: , Brandon Vasquez, Cory D, Payne, Robert P, Storch Organizations: US Air Force, Pentagon, Service, Boeing, Air Force, Department of Defense, Spc, Defense Contract Management, Staff, Air
Lost Chopin music uncovered in ‘thrilling’ discovery
  + stars: | 2024-10-29 | by ( Jack Guy | ) edition.cnn.com   time to read: +3 min
“He found it peculiar that he could not think of any waltzes by Chopin that matched the measures on the page,” reads the statement. “Chopin famously wrote in ‘small forms,’ but this work, lasting about one minute, is shorter than any other waltz by him,” adds the statement. “Extensive research points to the strong likelihood that the piece is by Chopin,” according to the statement. This research included analysis by paper conservators who found that the paper and ink match those that Chopin normally used. The discovery of an unknown piece of work by Chopin has not happened since the late 1930s, according to the museum.
Persons: Frédéric Chopin, Robinson McClellan, , Chopin, “ Chopin, , ” McClellan, Jeffrey Kallberg, McClellan, Colin B, Bailey, Poland’s Organizations: CNN, Morgan Library & Museum, University of Pennsylvania Locations: New York City, Polish, Paris, France, Warsaw, Swiss
Investors face diminishing returns from cash alternatives as interest rates decline. Today, cash alternatives are yielding slightly less. Specifically, those who didn't have liquidity needs but chose to sit in cash anyway missed out on a strong year for the S&P 500. If liquidity needs arise, investors may be able to sell for a profit if the Fed's cutting cycle is steeper than expected, he added. Simply put, the M2 money supply, which includes cash and cash alternatives, has skyrocketed since 2020 by over 36%, debasing the dollar.
Persons: , Mark Malek, Siebert, Malek, David Miller, Miller, Millers Organizations: Service, Treasury, AAA, Catalyst Funds, Federal, World Gold Council, Investors Locations: Treasuries, Russia, Central
Hezbollah on Tuesday named Naim Qassem as its chief after longtime leader Hassan Nasrallah was killed. AdvertisementHezbollah announced a new leader, Naim Qassem, after Israel killed both its longtime chief, Hassan Nasrallah, and the person who had been expected to succeed him. He was the deputy leader of the Lebanon-based militant group, and had been for decades. Qassem helped found Hezbollah in the 1980s and was first made its deputy leader in 1991 under Abbas al-Musawi. AdvertisementHe did not take over as leader when al-Musawi was killed in 1992, and remained deputy all through Nasrallah's 32-year stint.
Persons: Naim Qassem, Hassan Nasrallah, Qassem, , Israel, Abbas, Musawi, Nasrallah, Hashem Safieddine, Safieddine Organizations: NBC, Service, NBC News, Amazon, US, US Department of State, Middle East Media Research, The United Nations Development Program Locations: Lebanon, Beirut, Qassem, Israel, America, Lebanese
Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Big Tech earnings start today, with roughly $12 trillion in market cap reporting over three days. Mark Zuckerberg hasn't shied away from saying his company will keep spending big on AI, and the market hasn't minded. Judging by Meta Connect 2024 and its CTO's comments , the tech giant wants to own the market for AI-powered wearables.
Persons: , We'll, Insider's Kelly Cloonan, We're, Mark Zuckerberg hasn't, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Traders, Big Tech, Google, Nvidia, Meta, Microsoft, AWS, Apple, Apple Intelligence Locations: China, New York, London
CNN —Parts of the Roman Catholic Church are still failing to ensure clerical sexual abuse is reported adequately, Pope Francis’ commission for child protection said Tuesday, raising concerns about a “lack of transparency” in the Vatican’s handling of cases. “At times, the commission found a troubling lack of reporting structures and victim/survivor accompaniment services,” the report said. “The commission found a persistent concern regarding the transparency in the Roman Curia’s (the church’s central administration) procedures and juridical processes. The commission notes that this will continue to foment distrust among the faithful, especially the victim/survivor community,” it added. Francis asked the commission two years ago to produce an annual report on child protection initiatives which he wanted to help bring “transparency and accountability” on abuse.
Persons: Pope Francis ’, , Maud de Boer, Francis, Organizations: CNN, Roman Catholic Church, Pontifical Commission, Minors, UN Locations: Papua New Guinea, Solomon Islands, Cameroon
20 Years of Impossible Choices in ‘Saw’
  + stars: | 2024-10-29 | by ( Annie Aguiar | Joyce Ho | ) www.nytimes.com   time to read: +9 min
It can be hard to remember two decades later that the original “Saw” was less interested in gore than morality. In “Saw,” Cary Elwes’s character verbalizes the tension and appeal of the franchise: “He doesn’t want us to cut through our chains. “I’m going to try something else you haven’t seen before.”The classic tropes within “Saw” — serial killers, haunted detectives, creepy puppets — are mashed together and inverted around the undeniable binary of its core choice. In “Cube” (1997), an offbeat Canadian science fiction horror film, prisoners in a mysterious jail travel through rooms rigged with traps. Wan never directed another “Saw” movie, while Whannell contributed to “Saw II” and wrote the screenplay for “Saw III.”In the decades since “Saw” was released, Wan has directed tentpole franchise entries like “Aquaman” (2018) and “Furious 7” (2015).
Persons: Cary Elwes, , Shawnee Smith, ” Cary, Lionsgate Elwes, Westley, , James Wan, Leigh Whannell, Wan, ” Wan, “ I’m, Rube Goldberg, David Edelstein, Eli Roth’s, John Kramer, Tobin Bell, Kramer, ” Bell, ” Whannell, Stacey Testro, Testro, Evolution Entertainment — Gregg Hoffman, Oren Koules, Mark Burg —, ” Burg, David Fincher’s “, “ Se7en, Morgan Freeman, Brad Pitt, Whannell, Se7en, , Elisabeth Moss, ” Billy, Freddy Krueger Organizations: Royal Melbourne Institute of Technology, Shawnee, Lionsgate, Evolution Entertainment Locations: , London, New York, Wan, Hollywood, United States
CNN —A “staggering array” of witches’ marks have been discovered on the walls of a Tudor property in England. News of the discovery, aptly timed to coincide with Halloween, was released by English Heritage, a charity that looks after hundreds of historic monuments, buildings and sites. These include a “staggering array” of designs, according to English Heritage, though there’s a notable concentration in the servants’ wing of the hall. Over the course of two years, long-time English Heritage volunteer Rick Berry discovered and mapped around 20 carvings at the Tudor property. In 2019, hundreds of witches’ marks were found scratched into the walls of an English cave system in the East Midlands, central England.
Persons: Henry VIII, Catherine Howard, Rick Berry, there’s, Marian, they’re, Virgin Mary, Heritage Berry, , William Hickman, Kevin Booth, apotropaic Organizations: CNN, English Heritage, Heritage, Gainsborough, Gainsborough Old Locations: England, Gainsborough, Lincolnshire, Gainsborough Old Hall, East Midlands
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