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☆ S&P 500 grinds higher to further record highs, finding little to fear in October
▼ + stars: | 2024-10-12 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

This time of year typically tests nerves, more so when — as now — an election is onrushing and the S & P 500 was already up 20% for the year. Since June 30, the equal-weighted S & P 500 has gained 9.5%, more than triple the Nasdaq 100's rise. A buyer at the mid-July S & P 500 peak of 5667 sustained a quick 8% tumble in three weeks. Goldman Sachs calculated VIX being this elevated with the S & P 500 calmly clicking to record highs is essentially unheard-of. Cash that's still yielding well more than inflation and bonds holding their value allow investors to shoulder higher equity exposures rather than rotating out.

Persons: isn't, it's, Goldman Sachs, Cash, Friday's Organizations: Federal Reserve, Nasdaq, American Association of, Deutsche, –, Bank

☆ China’s ‘New Great Wall’ Casts a Shadow on Nepal
▼ + stars: | 2024-10-12 | by ( ) www.nytimes.com time to read: +14 min

Hilsa Village NEPAL CHINA Area of detail CHINA Humla District NEPAL Kathmandu INDIA 75 miles NEPAL CHINA Hilsa Village CHINA Area of detail Humla District NEPAL Kathmandu INDIA 75 miles Source: OpenStreetMap, ESRI By Agnes ChangThe Nepalis have other complaints, too. “This is the new Great Wall of China,” said Jeevan Bahadur Shahi, the former provincial chief minister of the area. Without proper roads, it takes goat herders three days to cover the seven miles from Simikot, Nepal, to Humla. CHINA NEPAL CHINA-NEPAL BORDER CHINA NEPAL CHINA-NEPAL BORDER CHINA NEPAL CHINA-NEPAL BORDERThe Chinese side used to be nearly as remote, the seclusion broken only by a flow of pilgrims to Mount Kailash, which is holy to four faiths. Just 20 miles away is the junction of China, Nepal and India.

Persons: Nepalis, Agnes Chang, Dalai Lama, ”, Jeevan Bahadur Shahi, Xi’s, Xi, Brian Hart, ” Mr, Hart, Arzu Rana Deuba, —, Saud, Saud’s, “, Mr, Deuba, Pan Yue, China “, Shahi, Lhamu Lama, Hilsa, Pema Wangmu Lama Organizations: Chinese Communist Party, Covid, China Power, Center for Strategic, International Studies, Liberation Army, U.S . Department of Defense, The New York Times, Nepali Home Ministry, The Times, Communist, Security, Guard, Times, National Ethnic Affairs, Nepali Locations: Tibet, Nepal, Nepal’s Humla District, China, Hilsa, NEPAL CHINA, CHINA Humla District NEPAL Kathmandu INDIA, NEPAL CHINA Hilsa, CHINA, Humla, NEPAL Kathmandu INDIA, ESRI, Nepali, Nepal’s Humla, Simikot, Beijing, Washington, Philippine, India, Humla District, N.P, Hulma, Kathmandu, Vietnam, People’s Republic of China, CHINA NEPAL CHINA, NEPAL, Mount Kailash, Xinjiang, Purang, ”, Bhutan, District

Individuals looking to help storm victims can also be tricked into donating to fake charities, FEMA says. CNN’s Impact Your World team has ways viewers and readers can help Hurricane Milton victims through vetted charities here. Noting that many areas in the county have “incurred severe property damage because of back-to-back impacts from Hurricane Helene and Hurricane Milton,” Pinellas County’s Office of Consumer Protection urged residents in a public advisory Thursday to be cautious when hiring someone to make storm-related repairs. John Falchetto/AFP/Getty ImagesSeniors are more susceptibleIn the aftermath of Hurricane Milton, Florida authorities are also fighting to stop insurance scams targeting storm victims, often the elderly, says Patronis, the state’s chief financial officer. Florida is home to over 6.3 million seniors – anyone 60 and older, according to the Florida Department of Elder Affairs.

Persons: Hurricane Milton, Ron DeSantis, ”, Jimmy Patronis, Melanie McGovern, McGovern, they’re, I’m, ’ ” McGovern, Helene, Milton, “, it’s, ” McGovern, heartstrings, GoFundMe, they’ve, DCNOnline.org, John Falchetto, Fraudsters, ” Patronis Organizations: CNN, Gov, Better, FEMA, Consumer Protection, National Center for Disaster, ” Pinellas County’s Office, ”, Lakes Country, Getty, Florida Department of Elder Affairs, Lakes Country Club Village, State Locations: Hurricane, Florida, Pinellas County, Siesta Key, ” Pinellas, Pinellas, Fort Pierce , Florida, AFP, Hurricane Milton, United States, Fort Pierce

☆ The CIA, a Navy Seal and a $15m bounty. This alleged plot on Venezuela’s Maduro reads like a Hollywood script, for a reason
▼ + stars: | 2024-10-12 | by ( Stefano Pozzebon | ) edition.cnn.com time to read: +11 min

So, is there anything to Venezuela’s claims? Hollywood script and a convenient bogeymanThe details of the alleged plot read like the script of a Hollywood thriller. Given the nature of the allegations, Venezuela’s claims are almost impossible to independently verify. In October last year, before the release of “Fat Leonard” and Co, Maduro had promised the US that Venezuela’s election would be free and fair. Venezuelan President Nicolas Maduro celebrates with supporters following the election results in Caracas on July 29, 2024.

Persons: –, Nicolas Maduro, Leonard ”, Maduro, Venezuela’s, United States “, Diosdado Cabello, Cabello, John Kirby, – Wilbert Castañeda –, Kirby, Castañeda, Stringer, Donald Trump, Juan Manuel Santos, Matthew Heath, Heath, Hugo Chavez, d’etat, Cabello’s, “, ”, Yuri Cortez, Joe Biden, Vladimir Putin, Brittney Griner, Evan Gershkovich, Biden, Kamala Harris, Alex Saab Organizations: CNN, CIA, US State Department, United, State Department, US Justice Department, US Navy, Navy, Security, Anadolu, Getty, of Justice, Venezuelan, Wall Street, Chevron Locations: United, Venezuela, Caracas, Spanish, United States, Czech, Venezuelan, Colombian, Washington, Falcon, AFP, –

☆ Harris’ doctor reports she’s in ‘excellent health,’ as her campaign looks to draw a contrast with Trump
▼ + stars: | 2024-10-12 | by ( ) www.cnbc.com time to read: +2 min

Vice President and Democratic presidential candidate Kamala Harris arrives for a campaign event at the Dort Financial Center in Flint, Michigan, October 4, 2024. Vice President Kamala Harris is in "excellent health" and "possesses the physical and mental resiliency" required to serve as president, her doctor said in a letter released Saturday that summarizes her medical history and status. As Harris' office released the medical report, her campaign highlighted recent media reports raising questions about Trump's health and mental acuity and his failure to provide information about health status and medical history. Since Biden was replaced on the ticket with Harris, Trump's own health has drawn more attention. Last November, Trump marked Biden's birthday by releasing a letter from his physician that reported the former president was in "excellent" physical and mental health.

Persons: Kamala Harris, Joshua Simmons, Harris, Republican Donald Trump, Trump, Simmons, Joe Biden's, Biden Organizations: Democratic, Dort Financial, U.S . Army, State, Republican, Trump Locations: Dort, Flint , Michigan

☆ China threatens Taiwan with more trade measures after denouncing president's speech
▼ + stars: | 2024-10-12 | by ( ) www.cnbc.com time to read: +2 min

China is studying further trade measures against Taiwan, the Ministry of Commerce said on Saturday, two days after Beijing slammed a speech by Taiwan President Lai Ching-Te. The Democratic Progressive Party, Taiwan's ruling party, has not taken any practical measures to lift "trade restrictions" on mainland China, the commerce ministry said in a statement on its official website. "At present, relevant departments are studying further measures based on the conclusions of the investigation into trade barriers from Taiwan (against mainland China)," it added. The Saturday announcement from China's commerce ministry could portend tariffs or other forms of economic pressure against the island in the near future. In May, China reinstated tariffs on 134 items it imports from Taiwan, after Beijing's finance ministry said it would suspend concessions on the items under a trade deal because Taiwan had not reciprocated.

Persons: Lai Ching, detests Lai, Lai Organizations: Taiwan, Ministry of Commerce, Democratic Progressive Party, Taiwan Affairs Office, Reuters Locations: China, Beijing, Taiwan, People's Republic of China

AURORA, Colo. — Former President Donald Trump painted a dark picture of Colorado’s third-largest city at a rally here Friday as he once again claimed it had been overtaken by a Venezuelan prison gang. But the city’s police chief told NBC News that Aurora is still “very safe.”“It's not overrun. Without question, Aurora is still a very safe city. Using increasingly inflammatory rhetoric, Trump has seized on other suburban areas with immigrant populations. Asked to respond to Chamberlain’s comments, Trump’s campaign spokesperson pointed to a series of news articles about gang violence she posted on X.

Persons: Donald Trump, “, ” Todd Chamberlain, Trump, Tren, Mike Coffman, ”, Sen, JD Vance, Chamberlain Organizations: AURORA, NBC News, Aurora . Police, Aurora, Republican Locations: Colo, —, Venezuelan, Aurora, Aurora ., Trump’s, Ohio, Springfield , Ohio

Harvey Weinstein’s attorneys have submitted a filing opposing a move by prosecutors to combine two sexual crimes cases against the disgraced film mogul. Manhattan prosecutors have sought to consolidate new charges with ones previously brought against Weinstein so that they could be tried in court together. But in a court document, a response to the prosecutors' motion to consolidate cases filed Oct. 2, the Oscar-winning producer’s lawyers accused the district attorney’s office of acting improperly and unfairly. Bragg’s office signaled that it would seek to link the two cases together ahead of Weinstein’s retrial. Samson says prosecutors say they won’t be ready in time and want to move the trial to January.

Persons: Harvey, Weinstein, Oscar, ”, unabashedly —, Jessica Mann, Mimi Haley, Attorney Alvin Bragg, Diana Fabi Samson, Samson, “, ” Samson Organizations: Manhattan, Manhattan District, Attorney Locations: Manhattan, New York, New, New York City, Rikers

“Piers Morgan’s irresponsible broadcast filled with lies is so far over the line that a legal ultimatum was warranted,” Jordan Siev, one of Jay-Z’s lawyers, said Friday. Combs was arrested last month and will stand trial in May on charges of sex trafficking, racketeering and transportation to engage in prostitution. He has denied the allegations and remains jailed in Brooklyn pending a bail appeal. Speculation swirls around prominent figures who may have been involved or were aware of Combs’ alleged behavior. “I think those people get away with thinking that saying sorry is going to unring the bell,” Carson said.

Persons: Jay, Z, ”, Piers Morgan, Sean “ Diddy ” Combs, “ Piers Morgan’s, ” Jordan Siev, “, ” Morgan, Jaguar Wright, Morgan, Combs, ” Jay, Alex Livesey, Wright, Shawn Carter, ” Wright, there’s, ” Carson, they’re Organizations: YouTube, Champions League, Danehouse, Bad Boy Records, University of Virginia Locations: London, Instagram, Brooklyn, Carson

☆ Taiwan says four iPhone maker staff detained in China under 'strange' circumstances
▼ + stars: | 2024-10-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

TAIPEI — Four employees of Taiwan's Foxconn, the world’s largest iPhone assembler, have been detained in China under "quite strange" circumstances, Taiwan’s government said. "The circumstances of this case are quite strange," it said. The Mainland Affairs Council said Foxconn had stated the company had "suffered no losses and that the four employees had done nothing to harm the company’s interests." Calls to China's Taiwan Affairs Office seeking comment outside of office hours went unanswered. China claims democratically governed Taiwan as its own territory, over the strong objections of the government in Taipei.

Persons: Taiwan's Foxconn, Taiwan’s, Foxconn Organizations: TAIPEI —, Mainland Affairs Council, Reuters, Mainland Affairs, Taiwan Affairs Office Locations: TAIPEI, China, China's Zhengzhou, Taiwan, Beijing, Taipei

A view from the surroundings of damaged Al-Awda Hospital after Israeli attacks, in Beit Lahia, Gaza on May 18. Mousa Salem/Anadolu Agency/Getty ImagesA United Nations inquiry has accused Israel of carrying out a “concerted policy” of destroying the health care system in Gaza during its year-long conflict with Hamas in attacks it said amount to war crimes. The Israeli attacks resulted in “fuel, food, water, medicines and medical supplies not reaching hospitals, while also drastically reducing permits for patients to leave the territory for medical treatment,” it said. Israel has released footage they say is evidence of those Hamas operations. The commission previously alleged that both Israel and Hamas committed war crimes in the early stages of the Gaza war, and that Israel’s actions also amounted to crimes against humanity.

Persons: Mousa, Israel, “, Pillay, Israel “, Hind Rajab Organizations: Awda, Anadolu Agency, UN’s Independent International Commission of, CNN, Israel Defense Forces, Office, Hamas, IDF, UN, Human Rights, Israeli Army’s 162nd, Assembly Locations: Beit Lahia, Gaza, Mousa Salem, Nations, Palestinian, East Jerusalem, Israel

And I am here to tell you: That is not what real strength is. “Real strength is about working hard. Real strength is about taking responsibility for your actions and telling the truth even when it’s inconvenient,” he said. “Real strength is about helping people who need it and standing up for those who can’t always stand up for themselves. Some Democratic strategists worry they risk losing slices of young men, Latino men and even Black men, who have expressed openness to Trump or low enthusiasm about voting.

Persons: Kamala Harris, Barack Obama, Donald Trump, I’ve, ” Obama, ”, “, Harris, Tim Walz, Quinn Glabicki, Obama, Trump, didn’t, wouldn’t, “ You’re Organizations: PITTSBURGH, Democratic, Minnesota Gov, U.S, Trump, ” Locations: United States of America, Pittsburgh, Pa

☆ TikTok knew its algorithm harmed kids, accidentally revealed internal documents show
▼ + stars: | 2024-10-11 | by ( Kenneth Niemeyer | Laura Italiano | ) www.businessinsider.com time to read: +6 min

Internal research accidentally revealed this week indicates TikTok knew its algorithm was harmful. Lawyers for children harmed by social media say the apps have long known they are hurting kids. According to NPR, TikTok's internal documents show officials at parent company ByteDance discussing internal studies that show the app can harm children. According to NPR, the unredacted internal documents show that TikTok touted its tools for limiting teens' screen time despite knowing from its own research that these features had "little impact." Matthew Bergman, a founding attorney of the Social Media Victims Law Center, which represents over 3,000 plaintiffs in cases of adolescents harmed by social media, told BI that the unsealed information is "certainly consistent with what we're seeing" across TikTok and other social media.

Persons: TikTok, —, Adam Wandt, John Jay, Wandt, Jayne Conroy, Simmons Hanly Conroy, Conroy, it's, Matthew Bergman, Bergman Organizations: Service, Kentucky Public Radio, NPR, John, John Jay College of Criminal, Social Media, Law Center

☆ Residents in rural Texas are suing their noisy neighbor: a humming bitcoin mining facility
▼ + stars: | 2024-10-11 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Residents near Granbury, Texas, want an 'intolerably loud' crypto mine to stop. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementResidents of Hood County in northern Texas have filed a lawsuit against a local bitcoin mining facility, alleging its "intolerably loud" noises and physical vibrations have caused mental and physical health problems. AdvertisementOne impacted resident, Cheryl Shadden, has difficulty sleeping and has experienced hearing loss, vertigo, and tinnitus, according to the suit. AdvertisementResident Liana Oechsle told NBC 5 that the facility has a right to exist but wants it to be more responsible.

Persons: —, Cheryl Shadden, it's, Hood, Daniel Lakey, Liana Oechsle Organizations: Service, Marathon Digital Holdings, Marathon, Fox, NBC, Business Locations: Granbury , Texas, Hood County, Texas, America, China, North Carolina, Ohio, Arkansas

☆ Pharmacy deserts are appearing across U.S. as drug stores closures spread
▼ + stars: | 2024-10-11 | by ( Kevin Williams | ) www.cnbc.com time to read: +12 min

"As long as the big three PBMs go unchecked, more pharmacy deserts will appear," Rochol said. Between 2023 and 2024, independent pharmacies in the CVS Caremark pharmacy network were reimbursed 67.5% higher on average than CVS Pharmacy locations, and 51.9% higher than other chain pharmacies in the state. The CVS spokesman also said that CVS pharmacies are not all serviced by Caremark, working with over 70 different PBMs. "There are unfortunately many factors for pharmacy closures in rural areas, including population declines and the growing use of online pharmacies." But Banas believes the pharmacy deserts will only grow, and lead to an increase the number of apps and digitization.

Persons: Rochol, Miranda Rochol, Health —, —, Joyce Dingman, wasn't, Nickerson, David Nickerson, Tim Wentworth, Greg Lopes, Steven C, Anderson, Colin Banas, Banas, it's, Tamera Hughes, Hughes, Rob Anderson Organizations: FTC, Health, Federal Trade Commission, Aids, Rite Aid, CVS, Walgreens, Cigna, Walgreens Boots, CVS Pharmacy, Caremark, Pharmaceutical Care Management Association, National Community Pharmacists, National Association of Chain Drug, U.S, Congress, Amazon, University's, of Pharmacy, Pharmacists, Aid Locations: United States, PBMs, New Lebanon, Ohio, Dayton, New Lebanon's, Rust, New Lebanon , Ohio, Georgia, NACDS

☆ Gold drifts higher after data supports U.S. rate-cut bets
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: +2 min

Gold prices climbed on Friday after recent data supported bets for a Federal Reserve interest rate cut next month, while market participants awaited the U.S. Producer Price Index report for further direction. Spot gold rose 0.5% to $2,641.70 per ounce by 0245 GMT but was down about 0.4% for the week. Data on Thursday showed that U.S. consumer prices rose slightly more than expected in September, while jobless claims increased to 258,000 in the week ended Oct. 5, versus estimates of 230,000. "Gold is seeing short-term gains as recent data has been positive. If the PPI data comes in softer, gold's momentum could continue upward," said Kelvin Wong, OANDA's senior market analyst for Asia Pacific.

Persons: Price, Kelvin Wong, OANDA's, CME's Organizations: Federal, PPI, Asia Locations: Tokyo, Japan, CME's FedWatch, Beirut

☆ Global trade at risk as tensions escalate in South China Sea
▼ + stars: | 2024-10-11 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

A vessel identified by the Philippine Coast Guard as "Chinese maritime militia" (back R) and a China Coast Guard vessel (front R) sailing near the Philippine military chartered Unaizah May 4 (L) during its supply mission to Second Thomas Shoal in the disputed South China Sea on March 5, 2024. Some of the world's busiest shipping lanes are at risk due to rising tensions in the South China Sea, experts warn. In recent months, skirmishes have escalated in the highly-contested South China Sea – a marginal sea in the Western Pacific ocean that's a crucial trade route for China, Japan and India, three of the world's biggest economies. These developments in the South China Sea should be on the radar of global markets and supply chains due to the importance of these waterways to international trade, according to Marko Papic, chief global geo-macro strategist at BCA Research. "The South China Sea is the most valuable shipping lane in the world in terms of the value of trade that transits through it," Papic told CNBC, noting that conflict there poses obvious risks to global shipping.

Persons: Thomas Shoal, Marko Papic, Papic Organizations: Philippine Coast Guard, China Coast Guard, Philippine, Unaizah, Beijing, BCA Research, CNBC Locations: China, South China, Japan, India, Philippines, Vietnam, South, U.S

☆ Florida’s home insurer of last resort is in serious trouble. Will Milton put it over the edge?
▼ + stars: | 2024-10-11 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +13 min

Flood waters inundated a neighborhood after Hurricane Milton came ashore on October 10 in Punta Gorda, Florida. Andrew West/The News-Press/USA Today Network/Imagn Images A vehicle drives though a flooded street after Hurricane Milton in Siesta Key on Thursday. Rebecca Blackwell/AP The roof of Tropicana Field, destroyed by Hurricane Milton, is seen in St. Petersburg on Thursday. Chris O'Meara/AP David Jalving throws outdoor furniture into his father's pool in Fort Myers to prepare for Hurricane Milton. Marta Lavandier/AP A man in Progreso boards up an apartment building to protect it from Hurricane Milton on Monday.

Persons: Hurricane Helene, Hurricane Milton, Ron DeSantis, Joe Raedle, Milton, Helene, ” Mark Friedlander, ”, ’, Hurricane Ian, Giorgio Viera, Rebecca Blackwell, Ricardo Arduengo, Liz Kelly, Matt, Andrew West, Chandan Khanna, Nadia Zomorodian, Julio Cortez, Austin, Sean Rayford, Marta Lavandier, Jefferee Woo, Cristobal Herrera, Bryan R, Smith, Chris Urso, Marco Bello, Brandon Marlow, Marie Cook, Bill Ingram, Reuters Stephen Lundgren, Doug Engle, Ron Rook, Paul Hennessy, Saul Martinez, Payton Wyse, Andrew Goncharsky, Christian Burke, Lee, Connor Ferran, Fort Myers, Nicolette Mariano, Kaila Jones, Damon Higgins, Ted Carlson, McKenzie, Evan Purcell, Purcell's, Anna Maria Island, Carlson, Yamil Lage, Matthew Dominick, NASA Aurelio Ortiz, Lorenzo Hernandez, Mike Carlson, Jose Luis Gonzalez, Reuters John Fedor, Chris O'Meara, David Jalving, Pete, Octavio Jones, Tristan Wheelock, Gerald, Martin Zetina, Gregg Newton, Floridians ’, Denise Rappmund, Rappmund, Bobby Atwood, Atwood, won’t, isn’t Organizations: New, New York CNN, Property Insurance Corp, Citizens, Dade, “, Insurance Information Institute, CNN, DeSantis, Republican, CNBC, Hurricane, Getty, AP, USA, Daytona, Network, Reuters, Bradenton, Tropicana, Major League, Tampa Bay Rays, Celtic Ray Public, Tampa Bay Times, NOAA, Vanguard, School, Ocala, Orlando International Airport, Anadolu, Disney, Fort, Palm Beach Daily, Florida Army National Guard, Tampa General Hospital, NASA, International, Milton, Tampa International Airport, Bloomberg, AP Contractors, New Port Richey, AP Tropicana, Moody’s Investors Service Locations: New York, Florida, Miami, Monroe, Hurricane, Punta Gorda , Florida, Central Florida, Lakewood Park , Florida, Siesta Key, North Fort Myers , Florida, Siesta, Volusia, South Daytona , Florida, Bradenton Beach, St . Petersburg, Punta Gorda, Odessa , Florida, Venice , Florida, Matlacha , Florida, Palmetto Beach, Tampa, Bradenton , Florida, Venice, St . Petersburg , Florida, Clearwater, AFP, Sarasota , Florida, Segundo, Davis, Fort Myers , Florida, Wellington , Florida, Palm, Ocala , Florida, County, Wellington, Orlando, Gulfport , Florida, Lee County, Fort Myers, Sebastian , Florida, Palm Beach , Florida, Palm Beach, Havana, Cuba, Celestún, Mexico, Port Richey , Florida, Tampa Bay, Treasure Island , Florida, St, Pete Beach , Florida, Treasure, Fort Myers Beach, Progreso, New Port, Kissimmee , Florida, Milton

☆ Fact check: During speech in which he used teleprompters, Trump falsely claims he doesn’t use teleprompters
▼ + stars: | 2024-10-11 | by ( Daniel Dale | ) edition.cnn.com time to read: +3 min

Washington CNN —Former President Donald Trump falsely claimed at a Friday rally that Vice President Kamala Harris used a teleprompter during her Univision town hall on Thursday. Trump said at the Friday rally in Aurora, Colorado: “Did you see where she did a town hall yesterday and she used a teleprompter? The teleprompter that displays a text written in Spanish was a support element for the town hall moderator. Last month, he falsely claimed that Harris used notes in a televised interview with CNN. The right-wing commentators’ inaccurate posts claiming Harris used a teleprompter at the Univision town hall relied on a 12-second clip that was posted Thursday by the Trump campaign’s “Trump War Room” account.

Persons: Donald Trump, Kamala Harris, Trump, teleprompters, Harris, Benny Johnson, Charlie Kirk, Greg Price, Sean Hannity, Daniel Coronell, Kamala, ”, Enrique Acevedo, ” Acevedo, Coronell, Johnson, Kirk, Hannity, Price, “ Organizations: Washington CNN, Univision, Univision News, Trump, Fox News, CNN, “ Trump Locations: Univision, Aurora , Colorado, Spanish, ”, Price

☆ Obama, the ‘hopey-changey guy,’ tries to close the deal for Harris
▼ + stars: | 2024-10-11 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

“I am the hopey changey guy so I understand people feeling frustrated, feeling we can do better,” Obama said. Obama slams Trump over false hurricane conspiracy theoriesThe former president on Thursday accused Trump of violating basic American values. “When did that become OK?”But the Trump campaign is not letting go of claims that were debunked even by many Republican state and local officials. At a Harris campaign office, Obama wondered whether the reticence of some “brothers” to support the Democratic nominee came down to sexism. But Democratic concerns about Harris’ campaign are palpable.

Persons: Barack Obama, Kamala Harris, —, Obama, Donald Trump, ” Obama, ”, –, Bill Clinton, Trump, Harris, “, Joe Biden, Obama’s, CNN’s Kayla Tausche, Birtherism, Biden, “ You’ve, ” Sen, JD Vance, CNN’s Edward, Isaac Dovere, He’s, he’s, Hillary Clinton, Quinn Glabicki, Howard, Will Trump Organizations: CNN, White, Democratic, Republican, GOP, —, Univision, Trump, Pittsburgh Locations: Ohio, Pennsylvania, Pittsburgh, America, Iowa, US, United States, Nevada, Arizona, Michigan , Wisconsin, Georgia

☆ 40 elite colleges are being sued over accusations they colluded to increase tuition by $6,200 — primarily by overcharging divorced parents
▼ + stars: | 2024-10-11 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The lawsuit claims the schools are factoring in the incomes of divorced parents, even if one of the parents cannot contribute. AdvertisementForty elite colleges are facing legal action over accusations they conspired to raise tuition — primarily by targeting students with divorced parents. According to the lawsuit, considering income of divorced parents raised the average tuition price for students by about $6,200. "Formulas are then used to generate a financial aid offer. Chang, one of the plaintiffs, attended Cornell from 2017 to 2021, and she submitted the CSS profile as part of her financial aid application.

Persons: —, Hagens Berman, Maxwell Hansen, Eileen Chang, Chang, Brown Organizations: Service, Boston University, Cornell University, College Board —, College Board, Columbia University, Ivy League, Cornell, Duke, University of Chicago, Yale Locations: Northwestern

☆ Sealed TikTok court documents show time limit tool effectively did nothing to reduce teen usage — NPR
▼ + stars: | 2024-10-11 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —A screen-time limit tool on TikTok doesn’t work in limiting teen usage, the company’s own analysis reportedly found, according to in unredacted documents accidentally revealed as part of a major lawsuit. One issue revolves around TikTok’s effects on teenagers scrolling on the app for several hours, which could be harmful to their mental health. Following public scrutiny about the app’s effects on vulnerable people, TikTok released time management tools for users under 18 years old. Friday’s report from NPR and KPR came after the Kentucky Attorney General’s office accidentally filed unredacted versions of its legal filing against TikTok. We provide robust safeguards, proactively remove suspected underage users, and have voluntarily launched safety features.”

Persons: ”, TikTok, “, KPR, Alex Haurek, “ We’re Organizations: New, New York CNN, Kentucky Public, NPR, CNN, TikTok, Kentucky Attorney Locations: New York

☆ CNBC Daily Open: Is higher-than-expected CPI just a 'janky' data point?
▼ + stars: | 2024-10-11 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Justin Sullivan | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. "I am totally comfortable with skipping [rate cuts for] a meeting if the data suggests that's appropriate," Bostic told The Wall Street Journal in an interview Thursday. The data suggests so. But Bostic acknowledged it's important to see whether individual data points cohere into a larger pattern, or if they're just "janky," as Bostic put it.

Persons: Justin Sullivan, Raphael Bostic, Bostic, Joseph Brusuelas, Jeff Cox, Samantha Subin, Hakyung Kim Organizations: Getty, CNBC, Atlanta Federal Reserve, Wall Street, Federal, Market, RSM Locations: San Rafael , California

☆ Husbands are legally allowed to rape their wives in India. Changing that would be ‘excessively harsh,’ government says
▼ + stars: | 2024-10-11 | by ( Helen Regan | ) edition.cnn.com time to read: +8 min

But punishing it as rape would “severely impact the conjugal relationship” and “have a far-reaching effect on the institution of marriage.”Classifying marital rape as a crime, “can be arguably considered to be excessively harsh and therefore, disproportionate,” the government said. The government’s written affidavit is its clearest position yet on the issue of marital rape in India. “It speaks to India’s acceptance of sexual violence in our culture,” said Ntasha Bhardwaj, a criminal justice and gender scholar. Arguing against child marital rape in that case was senior advocate Jayna Kothari. “It’s not like floodgates are going to be opened with hundreds of marital rape cases [being reported].

Persons: New Delhi CNN —, ”, criminalization, Ntasha Bhardwaj, “, Narendra Modi’s, ” Mariam Dhawale, criminalization –, Dibyangshu Sarkar, She’s, she’s, ” Dhawale, it’s, don’t, AIDWA’s Dhawale, ’ India’s, Jayna, Kothari, Dhawale, “ It’s, It’s Organizations: New, New Delhi CNN, United Nations, Court, government’s Ministry of Home Affairs, Central Bureau of Investigation, CNN, All India Democratic Women’s Association, Getty, criminalization Locations: New Delhi, India, Britain, Delhi, ”, West Bengal, Kolkata, AFP, Madhya Pradesh

☆ Sanchez: Hotter CPI and jobless claims point toward a pause.
▼ + stars: | 2024-10-11 | 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 EmailSanchez: Hotter CPI and jobless claims point toward a pause. Gina Sanchez, CEO of Chantico Global and Chief Market Strategist at Lido Advisors, discusses how inflation and jobless claims impact the odds of a Fed rate pause, noting challenges for banks due to the inverted yield curve.

Persons: Sanchez, Gina Sanchez Organizations: Chantico Global, Chief, Lido Advisors

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