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☆ 'Flexible co-living' could help bring down office-conversion costs and add housing supply, new study says
▼ + stars: | 2024-10-22 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +5 min

A study finds that dorm-style housing could be an efficient path to convert vacant office space. The study comes as office vacancies rise and housing supply remains constrained. The report comes as companies reevaluate their need for office space in the wake of the COVID-19 pandemic. The national office vacancy rate is set to rise to around 20% by the end of this year, according to commercial real estate firm CBRE. The report comes as the number of office spaces set for residential conversions is on the rise, up to 55,000 this year.

Persons: —, Wes LeBlanc, Alex Horowitz Organizations: Service, Pew Locations: Denver, Minneapolis, Seattle

☆ A Trump win will fuel a long-term buying opportunity in the Chinese market, stock chief says
▼ + stars: | 2024-10-22 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

A Trump election win will spur a Chinese stock sell-off that will then offer a buying opportunity, an equity strategist said. AdvertisementA presidential victory for Donald Trump will trigger a sell-off in Chinese stocks that would then create a buy-the-dip opportunity, Christopher Wood of Jefferies said. Advertisement"Bottom line, if Donald Trump's elected and Chinese stocks collapse, that's an opportunity to add to China," he outlined. He continued: "People have forgotten that Donald Trump did the big trade deal with China in January 2020. A trade deal was done, and it was all hunky dory, and Donald Trump was going to run on that presidential campaign as I'm the guy who's negotiated the best trade deal with China since WTO."

Persons: Christopher Wood, Jefferies, —, Donald Trump, Trump, — Wood, isn't, Donald Trump's, dory, who's, Wood Organizations: Trump, Service, Bloomberg, Republican, Beijing, Nvidia Locations: China, Beijing, Washington

☆ Elon Musk says he’ll fix the government under Trump. His track record paints a different picture
▼ + stars: | 2024-10-22 | by ( David Goldman | ) edition.cnn.com time to read: +5 min

CNN —Elon Musk is making some big promises while campaigning for former President Donald Trump. Musk and Trump have publicly discussed some kind of government role for the Tesla and SpaceX CEO if Trump wins the presidency. Trump on Fox News last week said Musk may serve as the “Secretary of Cost-Cutting,” a government agency that also doesn’t currently exist. At X, Musk has made significant layoffs, slashing roughly 80% of the company’s staff. At Tesla, Musk has pushed forward ambitiously in deploying “full self-driving” technology, despite multiple accidents and government warnings and investigations.

Persons: CNN — Elon Musk, Donald Trump, Musk, Trump, ”, ” Musk, “, Ron DeSantis, Tesla, FSD Organizations: CNN, Trump, Tesla, SpaceX, Department of Government, Fox News, UAW, Florida Gov, Fidelity, Traffic Safety Administration, Wall Street, X, Twitter Locations: Trump, Pittsburgh, California, Texas

☆ GM’s profit nears a record a year after saying it couldn’t afford its workers’ pay demands
▼ + stars: | 2024-10-22 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

That means GM is selling cars at higher average prices this year than it was in 2023. During the strike, the UAW’s slogan on the picket lines was that record profits should result in a record contract. Its new guidance suggests that the full-year earnings will now top the record profit of 2022. The strong results and guidance sent shares of GM (GM) up 2% in premarket trading. GM CFO Paul Jacobson on Monday told reporters that GM cut costs ahead of the strike in anticipation of pay raises for its unionized workers.

Persons: Paul Jacobson, “ We’ve, ”, “, ” Jacobson Organizations: New, New York CNN —, Motors, United Auto Workers, Revenue, GM, couldn’t, nonunion, UAW Locations: New York, –, North America, Monday’s, China

☆ Exclusive: AI startup Attention just raised $14 million to bring its natural language processing tech to sales calls
▼ + stars: | 2024-10-22 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +4 min

AI startup Attention raised a $14 million Series A funding round from Alven, Eniac, and Frst. The startup uses AI and natural language processing to glean data and next steps from sales calls. AdvertisementNew York-based AI startup Attention, which uses natural language processing to fill out customer relationship management (CRM) programs and generate action items from sales calls, just raised a fresh round of funding. Late-stage startup Gong, which also records sales calls, raised $250 million in Series E funding in 2021 at a $7.25 billion valuation. And 11x.ai, which is building AI sales reps, raised a $50 million Series B last month from a16z, TechCrunch reported.

Persons: —, Anis Bennaceur, Matthias Wickenburg, Bennaceur, Wickenburg, Swipecast Organizations: Service, French VC, Eniac, Liquid2 Ventures, Ventures, TechCrunch Locations: Alven, New York, a16z

☆ 2 of the world's biggest oil producers are looking for new ways to power their economies
▼ + stars: | 2024-10-22 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

Oil prices ended down 7% last week and are lower this year-to-date, despite Middle East tensions. Oil prices have been depressed this year because China — the world's largest oil importer — is in a prolonged economic downturn. Last year, they each accounted for 11% of the world's oil supply. This means that Saudi Arabia is looking to corner a larger market share instead of targeting higher profit margins by restricting output. Advertisement"But the problem is when oil prices spike, it sends oil companies searching for temporarily profitable oil," he added, referring to the US shale boom as the most recent example.

Persons: —, Abishur Prakash, Prakash, Anton Siluanov, Matthew Huber, we're, Huber Organizations: Service, —, Financial Times, International Energy Agency, Brent, US West Texas, Syracuse University, Saudi, Trump, OPEC Locations: Saudi Arabia, Russia, China, Toronto, Israel, Iran, Europe, OPEC

☆ Hyundai Motor India's shares set to start trading after the country's largest IPO
▼ + stars: | 2024-10-22 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

MUMBAI, MAHARASHTRA, INDIA - Hyundai cars seen parked outside the Hyundai showroom in Mumbai. Hyundai Motor India was set to start trading Tuesday in the country's two major stock markets after a $3.3 billion initial public offering, the country's largest-ever by amount raised. Unlike a traditional IPO, in which a firm sells fresh shares, Hyundai Motor India's listing is an offer for sale, where its parent Hyundai Motor Company sold its shares. The lead bookrunners of Hyundai India's IPO were Kotak Mahindra Capital, Citigroup Global Markets India, HSBC Securities and Capital Markets (India), J.P. Morgan India and Morgan Stanley India. There is amazing fundamentals in equity markets with supportive policies from SEBI [Securities and Exchange Board of India], retail participation and broad-based opportunities," he added.

Persons: Morgan India, Morgan Stanley, Neil Bahal, Amala Balakrishner Organizations: Hyundai, India, South Korean, Hyundai Motor Company, Kotak Mahindra Capital, Citigroup Global Markets, HSBC Securities, Capital Markets, CNBC, Negen, Securities, Exchange Board Locations: MUMBAI, MAHARASHTRA, INDIA, Mumbai, South Korea, New Delhi, Citigroup Global Markets India, India, Morgan Stanley India, SEBI

☆ The hottest trend in executive leadership: Bringing back the White Guy
▼ + stars: | 2024-10-22 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Listen up, corporate boards: If you’re looking for the biggest trend in leadership this fall, look no further. Corporate America’s hottest CEO pick is a classic model — the Middle Aged White Guy. Just 52 businesses in the 2024 Fortune 500 ranking were run by women, holding flat from the year before. Obviously, White Guy CEO never went out of fashion — women have rarely represented more than 10% of Fortune 500 companies. But a rash of recent leadership shakeups illustrates the enduring power of the White Guy as a kind of capsule wardrobe for corporate leadership.

Persons: CNN Business ’, Guy, White Guy, Karen Lynch, David Joyner, Lynch, Laxman Narasimhan, Brian Niccol, Mellody Hobson, UnderArmour, Stephanie Linnartz, Kevin Plank, Disney’s Bob Iger, Disney, Morgan Stanley, James Gorman, that’s Iger, Gorman, Nathaniel Meyersohn Organizations: CNN Business, New York CNN, Corporate, Fortune, CVS, America, Indian, McKinsey Locations: New York, Niccol

☆ MLS attendance and sponsorship revenue hit regular season records
▼ + stars: | 2024-10-22 | by ( Lillian Rizzo | Chris Hawes | ) www.cnbc.com time to read: +1 min

Lionel Messi of Inter Miami competes during a friendly match between Inter Miami and Newell's Old Boys at DRV PNK Stadium in Fort Lauderdale, Florida on February 15, 2024. Major League Soccer scored several regular season records, including for attendance and sponsorship, thanks in part to international super star Lionel Messi — and corporate strategy. Nearly 11.5 million people attended MLS matches during the regular season — which ended this past weekend — the most in its history, according to data from the league. Each match during the 2024 season averaged 23,234 attendees, the highest ever for the regular season. Last year, MLS' Inter Miami signed Messi, which caused a surge in attendance, jersey and other product sales, and overall fanbase engagement.

Persons: Lionel Messi, Lionel Messi —, Messi, Luis Suárez Organizations: Inter Miami, Major League Soccer, MLS, National Basketball Association, Messi, U.S . Locations: Fort Lauderdale , Florida

☆ Here’s what’s behind the surprising rise in yields since the Fed started cutting
▼ + stars: | 2024-10-22 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

The reason why Treasury yields are rising isn't complicated — it's because investors are demanding more compensation for the risk they are taking when buying government debt. From a market standpoint, the burst higher in Treasury yields can be told through the "term premium." The moves higher in the term premium closely replicate those of other Treasury yields. However, traders are growing less certain about December, even though the Fed last month penciled in another 50 basis points in cuts this year. "The rise in term premium is the result of higher real interest rates and stronger economic data.

Persons: Donald Trump, David Rosenberg, Trump, Kamala Harris, Joseph LaVorgna Organizations: Federal Reserve, Treasury, Republican, Rosenberg Research, Trump, Democratic, Fed, Nikko Securities Locations: U.S, Nikko

☆ Rosé and Bruno Mars' chart-topping APT drives YG Plus shares to seven-month high
▼ + stars: | 2024-10-22 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Shares of South Korean media company YG Plus soared to a seven-month high after the release of a collaboration track between Blackpink member Rosé and Bruno Mars on Oct. 18 topped streaming charts. Rosé debuted in 2016 as one of the four members of Blackpink, under Kosdaq-listed YG Entertainment. Records from The Black Label are distributed by YG Plus, also a YG Entertainment subsidiary. YG Entertainment shares climbed as much as 3.53% on Tuesday. Despite the boost, the parent company's stocks have dropped 22.5% year-to-date, dragged by uncertain conditions facing the global music industry.

Persons: Rosé, Bruno Mars, Taylor Swift Organizations: YG, APT, iTunes, YouTube, YG Entertainment, Atlantic Records, YG Plus Locations: Seoul, Korean, South Korean

☆ Stocks making the biggest moves midday: Genuine Parts, General Motors, Verizon, Philip Morris and more
▼ + stars: | 2024-10-22 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

General Motors — The stock jumped more than 9% after the automaker posted better-than-expected third-quarter results and raised its full-year forecast. Verizon Communications — The telecommunications giant dipped 4% after posting third-quarter revenue of $33.33 billion, which came in below the $33.43 billion analysts polled by LSEG had expected. GE Aerospace reported adjusted revenue of $8.94 billion, while analysts polled by LSEG estimated $9.02 billion. Meanwhile, adjusted earnings per share of $1.15 beat consensus forecasts by just 1 cent. Philip Morris International — The tobacco company popped nearly 9% after reporting third-quarter results that beat expectations.

Persons: FactSet, General Motors, LSEG, Philip Morris, Lockheed Martin —, Lockheed Martin, Zions, Sherwin, Williams, —, Alex Harring, Samantha Subin, Lisa Kailai Han, Hakyung Kim Organizations: General, GM, Verizon Communications, GE Aerospace, LSEG, Philip Morris International, Lockheed, Citi, U.S, Global, Diagnostics, Norfolk Southern

☆ Philip Morris is a growth stock again as shares hit all-time high on Zyn demand boom
▼ + stars: | 2024-10-22 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

In this photo illustration, ZYN nicotine cases are seen on a table on January 29, 2024 in New York City. Philip Morris expects Zyn shipments to match demand "at some point" during the fourth quarter, Babeau said. Philip Morris also noted Zyn as main driver of net revenue for the business as a whole. Philip Morris announced earlier this year that it would invest $600 million to build a new production facility for Zyn in Colorado. Shares of Philip Morris have climbed more than 37% in 2024.

Persons: Philip Morris, Babeau, FactSet, Zyn Organizations: Swedish Match Locations: New York City, Connecticut, U.S, America, Zyn, Greece, Czech Republic, Colorado

☆ How a giant, ancient meteorite impact helped fledgling life on Earth
▼ + stars: | 2024-10-22 | by ( Ashley Strickland | ) edition.cnn.com time to read: +10 min

Spherules can be seen in this sample taken from another meteorite impact. Then all of a sudden, you have a giant tsunami, sweeping by and ripping up the seafloor.”This graphic shows the sequence of events following the S2 giant meteorite impact. When oceans boil and evaporate, they form salts such as those observed in the rocks directly after the impact, Drabon said. The researchers studied layers in this rock and determined that a global tsunami was initiated by the S2 meteorite impact 3.26 billion years ago. “Life during the time of the S2 impact was much simpler,” she said.

Persons: Everests, Nadja Drabon, Drabon, David Madrigal Trejo, Öykü, ” Drabon, “, James Zaccaria, impactor, ” Ben Weiss, Robert R, Shrock, Weiss, ” Weiss, It’s, ” Organizations: CNN, Harvard University, National Academy of Sciences, Sciences, Massachusetts Institute of Technology Locations: Yucatan, what’s, Mexico, South Africa, Cape Cod

☆ CNBC Daily Open: High interest rate worries pressure stocks
▼ + stars: | 2024-10-22 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This 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. Shares of Hyundai Motor India fallHyundai Motor India shares retreated more than 5% on Tuesday – their trading debut – according to BSE data. Hyundai Motor India is a wholly owned Indian subsidiary of South Korean automaker Hyundai. New bullish phase for goldGold prices hit a record high of $2,700 per ounce on Monday, and are continuing their ascent Tuesday.

Persons: Australia's, Paul Wong Organizations: CNBC, Nasdaq, Dow Jones, Treasury, Hyundai Motor India, Hyundai, South, Reuters, Sprott Asset Management, Citi, U.S ., Scotiabank, Canadian Locations: Asia, Pacific, India, Reuters ., China, U.S

☆ NFL Week 7 Monday review: Lamar Jackson’s monster game helps Ravens beat Buccaneers, last-second FG lifts Cardinals over Chargers
▼ + stars: | 2024-10-22 | by ( Ben Morse | ) edition.cnn.com time to read: +21 min

Here are the main storylines from Sunday’s action:Indianapolis Colts wide receiver Alec Pierce is tackled by Miami Dolphins linebacker Jordyn Brooks on Sunday, October 20, in Indianapolis. Matthew Pearce/Icon Sportswire/Getty Images Green Bay Packers wide receiver Romeo Doubs dives for a touchdown in Green Bay, Wisconsin, on October 13. Samuel became the first wide receiver in NFL history with 20 touchdown receptions and 20 touchdown runs after scoring on a 76-yard touchdown catch. The team lost its star wide receiver Mike Evans to a hamstring injury shortly after he made history. Last-second field goal lifts Cardinals over ChargersIn Monday’s other game, there were far fewer points but no shortage of drama.

Persons: Alec Pierce, Jordyn Brooks, Andy Lyons, Chris Conley, Trent McDuffie, Jed Jacobsohn, Brandon McManus, Morry Gash, Zach Ertz, Greg Fiume, DaVon Hamilton, Julian Finney, Brian Branch, Matthew Pearce, Patrick McDermott, Pat Surtain, AAron Ontiveroz, C.J, Gardner, Johnson, David Njoku, Matt Rourke, Claudin, Kirk Cousins, Grant Halverson, Caleb Williams, Williams, Zac Goodwin, Deebo Samuel, Samuel, John Froschauer, Isaac Yiadom, Ji'Ayir Brown, DK Metcalf, Steven Bisig, Willie Gay Jr, Gay, Ed Zurga, Camryn Bynum, Steve Luciano, Keon Coleman, Eric Gay, Trevor Lawrence, David Rosenblum, Daniel Whelan, Gregory Bull, Trey Sermon, Nathan Ray Seebeck, Ka'imi Fairbairn, Deommodore Lenoir, Ezra Shaw, Riley Moss, Cooper Neill, Aaron Rodgers, Rodgers, Jayden Daniels, Christian Petersen, Tremon Smith, Greg Zuerlein, Seth Wenig, Ja'Tavion Sanders, Germaine Pratt, Eric Murray, George Kittle, Darius Slayton, Eric Kendricks, Brad Penner, Reuters Damar Hamlin, Bryan M, Bennett, Calvin Austin III, Brandon Sloter, Sam Darnold, Johnny Mundt, Stephen Maturen, John Amis, Aaron Jones, Stacy Bengs, Dak Prescotts, Allen Lazard, Alex Austin, Darnell Mooney, Matt Slocum, Patrick Mahomes, Dax Hill, Jay Biggerstaff, Deebo Samuel Sr, Ivan Pace Jr, Abbie Parr, Alvin Kamara, Kamara, Tim Heitman, Tua Tagovailoa, Tagovailoa, Jasen, Caroline Brehman, Shutterstock, Dak Prescott, Prescott, Ken Blaze, Brian Robinson Jr, K.J, Britt, Jaylen Waddle, Hill, Stephanie V, Daniels, Al Diaz, Justin Fields, Danny Karnik, Okonkwo, Tyrique Stevenson, David Banks, Reuters Rhamondre Stevenson, Jason Mowry, Andrew Van Ginkel, Vincent Carchietta, Rebecca Blackwell, Khalil Shakir, Justin Jones, Jordan Love, Brooke Sutton, São Paulo, South America Kirby Lee, Taylor Swift, Travis Kelce, Reed Hoffmann, Isaiah, Patrick Mahomes scrambles, Charlie Riedel, Lamar Jackson, Jackson, Raymond James Stadium, Rashod Bateman, Justice Hill, Derrick Henry, Mark Andrews, Bateman, “, John Harbaugh, Monday’s, I’m, He’s, he’s, ” Jackson, Julio Aguilar, Henry, Marlon Humphrey, Baker Mayfield, Mike Evans, Evans, Hall, Hall of Famers Tim Brown, Steve Largent, Jason Behnken, Chris Godwin, Todd Bowles, ”, Godwin, Chad Ryland, Kyler Murray, Greg Dortch, Justin Herbert’s, Cameron Dicker, Matt York, Murray, Cam Hart –, Ryland, ” Ryland Organizations: CNN, National Football League, Indianapolis Colts, Miami Dolphins, The Colts, Getty, San Francisco 49ers, Kansas City Chiefs, Green Bay Packers, Houston Texans, Packers, AP Washington, Carolina Panthers, Getty Images Jacksonville Jaguars, New England Patriots, Jaguars, Getty Images Detroit Lions, Dallas Cowboys, The Lions, Cowboys, Arizona Cardinals, Getty Images Denver Broncos, Broncos, Los Angeles Chargers, Denver Post, Philadelphia Eagles, Cleveland Browns, Eagles, AP Carolina Panthers, Atlanta, Panthers, Getty Images Chicago Bears, Jacksonville Jaguars, Tottenham Hotspur, Seattle Seahawks, USA, Sports, Reuters New, Reuters New Orleans Saints, Chiefs, Saints, AP Minnesota Vikings, New York Jets, Vikings, AP Buffalo Bills, Bills, AP Jacksonville Jaguars, Los Angeles Rams, AP Indianapolis Colts, Reuters Houston Texans, Buffalo Bills, AP San Francisco 49ers, Deommodore, Cardinals, 49ers, Las Vegas Raiders, Minnesota Vikings, Cincinnati Bengals, Bengals, Getty Images Houston Texans, Jacksonville, Texans, AP New York Giants, Giants, Reuters, Getty Images Pittsburgh Steelers, Steelers, Getty Images Minnesota Vikings, Tennessee Titans, AP Dallas Cowboys, Baltimore Ravens, The Jets, Reuters Atlanta Falcons, AP Kansas City Chiefs, Super Bowl, Reuters San Francisco 49ers, AP New Orleans Saints, Reuters Miami Dolphins, Reuters New York Jets, AP Los Angeles Chargers, Shutterstock Dallas Cowboys, NFL, Reuters Washington, Tampa Bay Buccaneers, Buccaneers, Dade Police, Miami Herald, Tribune, Service, Atlanta Falcons, Falcons, AP Tennessee Titans, Chicago Bears, Titans, Bears, Patriots, New York Giants, São Paulo, The Eagles, Neo, AP Baltimore Ravens, Arrowhead, Ravens, Florida Baltimore Ravens, Raymond, Tampa Bay, ”, Hall of Famers, 101st, Bucs, Tampa, Chargers, Arizona, Farm, AP, LA, Monday’s, Tampa Bay Buccaneers Los Angeles Chargers Locations: Tampa Bay, Arizona, Indianapolis, Santa Clara , California, Green Bay , Wisconsin, Landover , Maryland, London, Arlington , Texas, Denver, Philadelphia, Charlotte , North Carolina, Seattle, Reuters New Orleans, Kansas City , Missouri, Houston, Jacksonville , Florida, Inglewood , California, Glendale , Arizona, East Rutherford , New Jersey, Orchard Park , New York, Pittsburgh, Minneapolis, Nashville, Miami Gardens , Florida, Cleveland, Tampa , Florida, Miami, Atlanta, Chicago, Cincinnati, São, South America, Florida, Baltimore, Mayfield, Glendale, Murray, Angeles

☆ The electorate is changing. Here’s what that means for Trump and Harris
▼ + stars: | 2024-10-22 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +21 min

He also found that women will comprise nearly 52% of all eligible voters, which should help Harris. (North Carolina is the sole swing state where he found that they had increased as a portion of eligible voters since 2020.) The groups that Harris needs to give her winning margins are the non-White and college-educated White voters (especially women in each case). “I think Gen Z women, including White women, are very committed to an inclusive democracy,” she said. But this history clearly shows it is likely that the changes in the composition of the eligible electorate Frey has documented will closely track the shifts in the configuration of the actual electorate.

Persons: CNN —, Donald Trump, Kamala Harris, demographer William Frey, Frey, Whites, Liz Cheney, Trump, Ronald Reagan, Reagan, Harris, Harris ’, Trump’s, don’t, ”, Manuel Pastor, Pastor, “, White, she’s, Joe Biden, Biden, Patrick Ruffini, Republican pollster, “ Trump, ” Ruffini, Gen, millennials, Melissa Deckman, ” Deckman, Michael McDonald, McDonald, Barack Obama, NORC, Catalist Organizations: CNN, GOP, White, Trump, Whites, Keystone State, Harris, Metro, Nevada . College, Equity Research, University of Southern, Republican, “ Party of, Religion Research Institute, College, University of Florida, Center for American Women, Rutgers University, Rutgers Center, Pew Research, Democratic, Pew, Edison Research Locations: Philadelphia, Detroit, Milwaukee, Arizona, Nevada, Michigan, Wisconsin, Pennsylvania, North Carolina, In Michigan, In Pennsylvania, Arizona , Georgia, North Carolina . Arizona, Georgia, Nevada and Arizona, University of Southern California, “, ’, ”, White, Michigan , Pennsylvania, Trump

☆ The vulnerable GOP congressman convinced that economic interest voters will save him from the Trump and abortion backlash
▼ + stars: | 2024-10-22 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +19 min

He sat down with BI to talk about the race, the national debt, abortion, and the state of his party. In an era where college-educated voters have been bleeding out of the GOP, Schweikert is increasingly an outlier, and he knows it. In order to keep looking like his district, Schweikert — a one-time conservative rabble-rouser who rode his way into Congress during the 2010 Tea Party wave — has had to make some changes. But now that Schweikert's sharing the ballot with Trump, he's not sweating that either. But while Democrats are hoping the state-level vote will boost turnout on their side and remind voters of Republicans' opposition to abortion, Schweikert sees it differently.

Persons: David Schweikert, —, Republican who's, Donald Trump, Schweikert, Arizona's, Joe Biden, Katie Hobbs, Sen, Mark Kelly, Jevin Hodge, Jon Sutton, It's, I've, who's, he's, Shah, rouser, There's, Schweikert's, Tim Scott of, He's, Bryan Metzger Schweikert, Kari Lake, David Schweikert Decries, Trump, mailer, Sutton, JD Vance, Ohio, Matthew, Tom Williams, that's, Shah eked, Krysten, they're, Shah outraised, Bryan Metzger There's, Roe, Wade, Frederic J . Brown, Kamala Harris, Nikki Haley, Arizona's Haley, Harris Organizations: GOP, Service, Republican, Republicans, Democratic, Caucus, Trump, Capitol, YouTube, Forbes, Social Security, Medicare, Committee, Insurance Trust Fund, Federal, Commission, Electoral, FBI, Federal Aviation Administration Reauthorization, COVID, Mayo Clinic, Getty, United Nations Locations: Arizona, Scottsdale, Congress, America ., Phoenix, an Arizona, It's, Schweikert, Tim Scott of South Carolina, Springfield, America, AFP, Maricopa County, Schweikert's district, North Scottsdale

☆ Meet the millionaires next door who grew their wealth without a superstar job or get-rich-quick tricks
▼ + stars: | 2024-10-22 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +11 min

"We aren't flashy with our wealth because money isn't our ultimate goal," one said. Gary said they had an "incredibly average" path to wealth, emphasizing prudent investments and modest living. Some stories of people striking it rich and retiring early include unrelatable circumstances, such as family wealth, entrepreneurship, or a superstar career at the top of the corporate ladder. Lawrence Delva-Gonzalez and his wife grew their net worth from $150,000 in debt in 2012 to $1.3 million in 2024. AdvertisementJustin Hall and his wife now live a nomadic lifestyle after retiring early.

Persons: —, Anthony Drew Gary, Gary, could've, Xiao Yu, Xiao Yu Yu, It's, Yu, they're, it's, Lawrence Delva, Gonzalez, Delva, Justin Hall Organizations: Service, Indiana, Aldi, Federal, Federal Reserve, Marine Corps, Justin Hall Hall, Air Force Locations: Indianapolis, China, Washington, DC, Port, Prince, Haiti, Tallahassee, Virginia

☆ China's youth unemployment rate falls after climbing for two straight months
▼ + stars: | 2024-10-22 | by ( ) www.cnbc.com time to read: +1 min

A person rides a bicycle with a child sitting in the basket in Beijing, China July 14, 2024. The jobless rate for 16-to-24-year olds in China, excluding students, fell to 17.6% in September from 18.8% a month prior, official data showed on Tuesday, offering officials relief after youth unemployment hit fresh highs for two straight months. Youth unemployment hit a record high of 21.3% in June last year, prompting China to halt publication of the closely watched benchmark until that change was made. But a separate official survey on factory owners' confidence for September showed that firms continued to hold off on hiring last month. The rate last month for 25-to-29-year olds was 6.7%, and also excluded college students, and 3.9% for people between 30 and 59 years of age.

Organizations: National Bureau of Statistics, Producers Locations: Beijing, China

☆ What activist hedge fund Starboard wants from Pfizer
▼ + stars: | 2024-10-22 | by ( Alex Nicoll | Kaja Whitehouse | ) www.businessinsider.com time to read: +3 min

Activist hedge fund Starboard has taken a stake in drug giant Pfizer. AdvertisementActivist hedge fund manager Jeff Smith outlined his concerns about drugmaker Pfizer on Tuesday but stopped short of offering a solution — saying that's a job for the board of directors. He also shared a version of the presentation his hedge fund Starboard presented to Pfizer officials at a meeting last week. "We all get measured by our track record," Smith told the crowd. The track record is not great during this period of time in the pharma industry."

Persons: execs, —, Jeff Smith, Smith, Pfizer, It's, I'm Organizations: Pfizer, Service, 13D, pharma Locations: Manhattan, Central, Olive Garden

Planning the local stops now can be as labor-intensive for campaign staff as putting on a full event, the sources said. The limitations on local stops is the new reality as both candidates race across battleground states in what polling has shown to be a contest that hangs within the margin of error. “In order to maintain operational security, the U.S. Secret Service does not discuss the specific means and methods used to conduct its protective operations. However, in this increased threat environment, the Secret Service is constantly adjusting our protective posture to ensure the highest levels of protection at all times and in all places,” U.S. Secret Service spokesperson Special Agent Matt Young said in a statement to NBC News. The McDonald's was closed for normal business, and the cars that went through the drive-thru were pre-selected and screened by Secret Service in advance.

Persons: Kamala Harris, Donald Trump’s, they’ve, ”, Harris, typify, Matt Young, ‘, Trump, Sen, JD Vance, Ohio, ” Vance, That’s, Vance, he’ll, Joe Biden, Charlemagne Tha God Organizations: Secret Service, Trump, Secret, NBC News, Service, bodega, Fox Locations: U.S, Butler , Pennsylvania, Harlem, Pennsylvania, Williamsport , Pennsylvania, Michigan, Detroit

A mid-October poll by The Associated Press measured which of the two candidates voters trust on a variety of economic issues. Harris’ campaign declined to say where she wants to set the federal minimum wage, which is currently $7.25 per hour. Former President Donald Trump answers questions as he works the drive-thru line at a McDonald's on Oct. 20 in Feasterville-Trevose, Pa. “Donald Trump is running on a middle-class tax hike, Kamala Harris is running on a middle-class tax cut,” Harris campaign spokesperson James Singer said. “Working families like rank-and-file Teamsters overwhelmingly support President Trump because only he will Make America Wealthy, Strong, and Great Again.”

Persons: Donald Trump’s, Kamala Harris, Harris, Trump, ”, Kent Smetters, Sen, Chris Caldwell, Harris ’, Smetters, —, hasn’t, Joe Biden, Donald Trump, Win McNamee, “ Donald Trump, ” Harris, James Singer, “, Anna Kelly Organizations: Biden, Tufts University, Trump, University of Pennsylvania’s Wharton School, Daily, Wharton, Democratic, The Associated Press, Voters, Bureau of Labor Statistics, Economic, Institute, Republican National, Teamsters, America Locations: Pennsylvania, McDonald’s, Las Vegas, U.S, Arizona, Feasterville, Pa, China, Communist

☆ Derrick Henry, Lamar Jackson lead Ravens' elite rushing attack into Tampa Bay
▼ + stars: | 2024-10-21 | by ( Andrew Greif | Andrew Greif Is A Freelance Sports Journalist. | ) www.nbcnews.com time to read: +1 min

Since an 0-2 start Baltimore has had the best month of any team in the NFL. On Monday, they face a Tampa Bay team that has shown last season’s playoff berth was no fluke. Baltimore’s 35.5 points per game over its last three games is third-best in the NFL behind only Detroit and, yes, Tampa Bay (38.0). Henry is averaging 5.4 yards per carry on the road, where quarterback Lamar Jackson is averaging 6.2 yards, too. It sets up a strength vs. strength matchup, given the Buccaneers’ defense ranks among the league leaders in stopping the run by allowing 113 rushing yards per game.

Persons: Baker Mayfield, Derrick Henry’s, Henry, Lamar Jackson Organizations: Baltimore, NFL, Tampa Bay, Buccaneers, Tampa, New, ESPN, ABC Locations: Detroit, Tampa Bay, New Orleans

Yet he isn’t all that impressed with Obama, the nation’s first Black president, nor Harris, who would be the second. “He’s only gaining support with Black men.”Democrats have been unnerved by recent polls that show Harris’ numbers sagging among Black voters, particularly young Black men. At a pair of rallies in Tucson and Las Vegas in recent days, Obama drew thousands of cheering supporters, though the turnout among young Black men appeared sparse. He came to hear Obama speak and as he stood in line for the event on campus, he said he didn’t see Obama as a figure who would be especially influential with young Black men. Trump is a white 78-year-old, but he possesses a “charisma” that some younger Black men find appealing, he added.

Persons: Kamala Harris, Charles Johnson, Johnson, Barack Obama, Obama, Harris, Donald Trump, Trump, ” Johnson, “ He’s, Black, he’ll, podcasters, Ronald Reagan, Joe Biden, David Plouffe, “, ”, Joel Benenson, pollster, ‘ You’ve, ’, It’s, Henry Louis Gates Jr, he’s, Lauren Hitt, Miles Covington, hasn’t, didn’t, ” Covington, “ They’re, He’s, Stephen A . Smith, Obama isn’t, Biden, JB Pritzker, ” Pritzker, “ I’ve, Kalid Meky, Meky, Harris ’, ” “ Obama, “ I’m, Kamala Organizations: Democratic, University of Arizona, Black, Trump, Emerson College, Obama, Black Harvard University, White House, New York Times, Siena College, Harris —, Illinois Locations: TUCSON, Ariz, America, Tucson, Las Vegas, Pittsburgh, Harris, “, California, Central Park

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