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☆ UK Prime Minister Keir Starmer says tough times are needed to spark national renewal
▼ + stars: | 2024-09-24 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

Prime Minister Sir Keir Starmer during an 'In Conversation' event with Debbie Weinstein, managing Director Goole UK&I during the Labour Party Conference at the ACC Liverpool. Liverpool, ENGLAND — U.K. Prime Minister Keir Starmer insisted on Tuesday that tough decisions taken now will spark a new era for Britain, as he sought to shake a fog of pessimism that has clouded his new premiership. "Change must mean nothing less than national renewal," he told a crowd of Labour Party delegates Tuesday. Wes Streeting, minister for health and social care, said that promised improvements to the U.K.'s National Health Service (NHS) would take time to implement. We need to rebuild the economy, rebuild public services and rebuild trust in politics," he said at the conference Monday.

Persons: Sir Keir Starmer, Debbie Weinstein, Keir Starmer, Starmer, Jeremy Corbyn, Rachel Reeves, Reeves, Wes Streeting, Tulip Siddiq Organizations: Goole, Labour Party Conference, ACC Liverpool, Labour Party, Conservative, Wealth Fund, Finance, National Health Service, Treasury, Labour, CNBC, Conservative Party Locations: Liverpool, ENGLAND, Britain, England

☆ Get ready for a dockworker strike that could disrupt everything from medicine to holiday gifts
▼ + stars: | 2024-09-24 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

Read previewA major maritime workers strike is looming, and it could mean a shutdown of key goods — from cars to food — across the East and Gulf Coasts. AdvertisementA strike would have widespread implications across the US, with significant shipment delays that could set off a chain reaction of disruptions. Advertisement"We are coordinating with partners across the supply chain to prepare for any potential impacts," Steve Burns, a PANYNJ spokesperson, told BI. She referred to estimates from Sea-Intelligence, which predicted that a strike would prevent 74,000 shipping containers from being unloaded each day. "Throughout the pandemic, Longshore workers never took a day off," ILA Executive Vice President Dennis Daggett said on September 20.

Persons: —, Harold Daggett, Abe Eshkenazi, USMX, Mia Ginter, Robinson, Ginter, Bethann Rooney, Jonathan Gold, Mitre, Steve Burns, Grace Zwemmer, Biden, Dennis Daggett Organizations: Service, Gulf Coasts, Longshoreman's Association, Business, ILA, Association for Supply Chain Management, National Association of Manufacturers, United States Maritime Alliance, Port Authority of New, National Retail, New Jersey, Bureau of Transportation Statistics, Oxford Economics, Intelligence Locations: East, Gulf, Gulf Coast, East Coast, Port Authority of New York, New Jersey, West Coast, New York, New, Houston

☆ The left won the election, but France’s new government will be at the mercy of the far right
▼ + stars: | 2024-09-24 | by ( Saskya Vandoorne | ) edition.cnn.com time to read: +4 min

At risk of collapsing before the year is out, the new lineup will have to do a delicate dance with the far right in order to survive. By pandering to the right, Macron hopes his government can safeguard his legacy after the left pledged to repeal some of his key policies, such as controversial pension reforms. New faces include veteran conservative Bruno Retailleau at the interior ministry whose hardline stance on immigration appeals to the far right. The president – a former left-wing minister – is now beholden to the support of the far right. Yet in this summer’s snap election, they are the very group Macron tried to keep out of government through his party’s “cordon sanitaire” voting alliance with France’s left.

Persons: Emmanuel, Macron, Michel Barnier, Barnier, Bruno Retailleau, Dimitar Dilkoff, Jean, Luc Melenchon, Jordan Bardella, “, –, France’s Organizations: Paris CNN —, Front, National, Getty Locations: Paris, AFP

☆ Trump says women won’t be ‘thinking about abortion’ if he’s elected, casting himself as their ‘protector’
▼ + stars: | 2024-09-24 | by ( Kate Sullivan | ) edition.cnn.com time to read: +3 min

CNN —Former President Donald Trump cast himself as a “protector” of women at a Pennslyvania rally Monday evening and claimed that American women won’t be “thinking about abortion” if he’s elected. “I always thought women liked me. But the fake news keeps saying women don’t like me,” Trump said in Indiana, Pennsylvania. As president, I have to be your protector,” Trump said. Americans remain broadly opposed to the ruling, according to CNN polling, and its proven to be thorny campaign issue for Republicans in down-ballot races.

Persons: Donald Trump, ”, won’t, “, ” Trump, Kamala Harris, Trump, Harris, Roe, Bernie Moreno, Moreno, Sen, Sherrod Brown, Eric Bradner Organizations: CNN, GOP, US, WCMH Locations: Indiana , Pennsylvania, Ohio, Columbus , Ohio

☆ Op-ed: The UK's budget problems date back to the 2008 financial crisis
▼ + stars: | 2024-09-24 | by ( Kevin Klowden | Chief Global Strategist At The Milken Institute | ) www.cnbc.com time to read: +2 min

Over the past few weeks, economic news from the U.K. has heavily focused on the state of British national finances and how they might impact both the British public and the prospects for economic growth. Regardless of how the U.K. fiscal situation stands now, it is clear that the current shortfalls are both years in the making and run the risk of having consequences that could last for years to come. The ultimate dilemma facing Labour now is that the country cannot produce enough revenue to close systemic shortfalls without sustained economic growth, but it also cannot create economic growth without real investment, both from the public and private sectors. In many ways, the current fiscal situation dates back to the financial crisis of 2008 and the fact that the country's economy was unable to snap back readily to close the budget shortfalls that occurred then. Borrowing in the financial year to August stood at £64.1 billion ($85 billion), with the country's debt hitting 100% of GDP.

Persons: Keir Starmer, John Healey, George Robertson, Rachel Reeves, Jeremy Hunt Organizations: British, Defence, Downing, Labour, Conservative Locations: London, England, British, United States, China, Japan

☆ U.S. Steel CEO defends planned sale to Japan's Nippon, believes deal will ‘close on its merits'
▼ + stars: | 2024-09-24 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

U.S. Steel CEO David Burritt on Tuesday defended the company's planned sale to Japan's Nippon Steel, expressing confidence that the deal will "close on its merits" despite President Joe Biden's vocal opposition. "We strongly believe the deal closes on its merits," Burritt said in an interview on CNBC's "Money Movers." "It strengthens national security, it strengthens economic security and it strengthens job security." CFIUS told Nippon that the sale could "lead to a reduction in domestic steel production capacity," according to a letter obtained by Reuters earlier this month. The committee said supply chains could be disrupted in sectors critical to national security such as transportation, infrastructure, construction and agriculture.

Persons: David Burritt, Joe Biden's, Burritt, Biden, Kamala Harris, Donald Trump, CFIUS Organizations: . Steel, Japan's Nippon Steel, Steel, NBC News, Nippon, U.S, Foreign Investment, Reuters Locations: American, Nippon North America, U.S, United States

☆ New species of ghost shark discovered by New Zealand scientists
▼ + stars: | 2024-09-24 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —Scientists have discovered a new species of ghost shark that lives in deep ocean waters near Australia and New Zealand. A deep water animal, the ghost shark is scientifically known as chimaera and is closely related to sharks and rays. “Ghost sharks like this one are largely confined to the ocean floor, living in depths of up to 2,600m (8,530 feet). The ghost shark was found at a depth of around 1,200 meters (about 3,900 feet) on the Chatham Rise. “We don’t actually know a lot about ghost sharks,” Finucci told CNN at the time.

Persons: NIWA, ”, Brit Finucci, Finucci, “ Avia, “, ” Finucci, Jeevan Ravindran Organizations: CNN —, avia, New Zealand’s National Institute of Water, Atmospheric Research, “ Harriotta avia, CNN Locations: Australia, New Zealand, Chatham, New, “ Harriotta

☆ Visa is being sued for illegal monopoly that adds to the price of ‘nearly everything’
▼ + stars: | 2024-09-24 | by ( Hannah Rabinowitz | ) edition.cnn.com time to read: +3 min

New York CNN —The US Justice Department filed a lawsuit Tuesday accusing Visa of illegally monopolizing the debit card market. The antitrust suit is one of several major actions taken by the Justice Department recently. It also comes just three years after the Justice Department sued to block Visa from merging with financial technology startup Plaid. According to the new complaint against Visa, which was filed in federal court in New York, more than 60% of debit transactions in the country take place on Visa’s debit network. Visa, in turn, is able to charge more than $7 billion in processing fees on those transactions, the department says.

Persons: General Merrick Garland, “, ” Organizations: New, New York CNN, US Justice Department, Visa, CNN, Justice Department, Google, Plaid, ” Merchants, Mastercard, National Retail Foundation Locations: New York

☆ The U.S. News College Rankings Are Out. Cue the Rage and Obsession.
▼ + stars: | 2024-09-24 | by ( Alan Blinder | More About Alan Blinder | ) www.nytimes.com time to read: +1 min

After months of tumult on American college campuses, relative stability in one realm returned on Tuesday, when U.S. News & World Report published its oft-disparaged but nevertheless closely watched rankings. Among national universities, Princeton was ranked No. U.S. News again judged Williams College the best among national liberal arts colleges. Few franchises in American higher education are as contentious as the U.S. News rankings. To U.S. News, which retired its print newsmagazine in 2010, the rankings are a bastion of its largely bygone influence.

Organizations: U.S . News, Princeton, Massachusetts Institute of Technology, Harvard, Stanford, . News, Williams College, Spelman College, U.S

☆ China Is Striking Deals to Cement Its Role as Asia’s Trade Hub
▼ + stars: | 2024-09-24 | by ( Keith Bradsher | More About Keith Bradsher | ) www.nytimes.com time to read: +1 min

Each of the efforts, in varying ways, faces obstacles. The nation’s top leader, Xi Jinping, will need close cooperation from border countries, some of which are politically volatile, like Kyrgyzstan, or internationally isolated, like North Korea. Neighboring countries that have long been wary of China, like Vietnam, will need to be reassured. But others have warned of Chinese domination of the Laotian economy. The new initiatives would also be expensive, and China has begun emphasizing smaller Belt and Road projects elsewhere.

Persons: Xi Jinping, ”, Ja Ian Chong Organizations: National University of Singapore Locations: Kyrgyzstan, North Korea, China, Vietnam, Laos, Southeast Asia, Russia, Ukraine

☆ China's auto stocks rise unfazed by U.S. proposal to ban Chinese car parts
▼ + stars: | 2024-09-24 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Rows of new energy vehicles are parked at Changan Automobile's vehicle distribution center in Chongqing, China, on January 14, 2024. Shares of Chinese automakers climbed Tuesday, shrugging off a U.S. government proposal to ban certain types of vehicles equipped with car parts from China and Russia, amid a broad rally after Beijing announced policy easing. The Joe Biden administration has cited national security risks for its latest measure aimed at curbing Chinese auto industry's influence and reach in the U.S."Cars today have cameras, microphones, GPS tracking, and other technologies connected to the internet. U.S. proposal to ban Chinese auto parts may not have a direct negative impact on the Chinese auto industry as the sales volume of Chinese auto exports to the U.S. markets are "very small" and limited, Wu said. Additionally, Chinese parts companies have already set up factories in South America, which can be exported directly to U.S. markets under the U.S.-Mexico Tariff Agreement, he added.

Persons: shrugging, Li, Nio, Leapmotor, Joe Biden, Gina Raimondo, Ivan Wu, Pan Gongsheng, Wu Organizations: Beijing, Guotai, People's Bank of China Gov, U.S, China Automobile Dealers Association Locations: Chongqing, China, U.S, Russia, Hong Kong, South America, Mexico

☆ Mysterious magma in extinct volcanoes may be filled with elements needed to power the future
▼ + stars: | 2024-09-24 | by ( Laura Paddison | ) edition.cnn.com time to read: +4 min

Rare earth elements, such as lanthanum, neodymium and terbium, are critical for helping the world break its long, destructive relationship with planet-heating fossil fuels. These materials — so-called rare earths — are not actually that rare but can be challenging to extract as they are often found in low concentrations. They wanted to understand whether this was “a geological accident, or is there something inherent about those iron-rich volcanoes that makes them rich in rare earth elements?” Anenburg told CNN. Pilot Knob National Wildlife Refuge in Missouri, a former iron-ore mine, could also hold rare earth elements. Some experts have suggested there should be more of a focus on recycling rare earth elements rather than mining.

Persons: ”, Michael Anenburg, Anenburg, Jamie Kidston, Lingli Zhou Organizations: CNN, Australian National University, University of, Chinese Academy of Sciences, ANU, Companies, Vrije Universiteit Amsterdam, Wildlife Locations: China, Kiruna, Arctic Sweden, United States, Chile, Australia, Vrije, “, Missouri

☆ More than 400 economists, former White House advisors endorse Harris, warn against Trump policy agenda
▼ + stars: | 2024-09-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Democratic presidential nominee and Vice President Kamala Harris speaks to members of the media upon her arrival at Joint Base Andrews in Maryland on Sept. 22, 2024. More than 400 economists and former White House policy advisors announced their support for Vice President Kamala Harris over former President Donald Trump in an open letter Tuesday. "It is a choice between inequity, economic injustice, and uncertainty with Donald Trump or prosperity, opportunity, and stability with Kamala Harris." Some on the list, such as Biden's former National Economic Council Director Brian Deese, have already been advising the Harris campaign behind closed doors. Sean O'Keefe was deputy director of the Office of Management and Budget in former President George W. Bush's White House.

Persons: Kamala Harris, Donald Trump, Joe Biden, Barack Obama, Bill Clinton, Jason Furman, Roger Altman, Clinton, Penny Pritzker, Obama, Alan Blinder, Brian Deese, Harris, Sean O'Keefe, George W, Bush's, Phillip Braun, Ronald Reagan's Organizations: Democratic, Base Andrews, White, Republicans, Harvard, of Economic, Obama, Federal Reserve, Federal Trade Commission, Consumer Financial, Bureau, CNN, Economic, Republican, Management, Economic Advisers Locations: Maryland, U.S

☆ Prosecutors want to bring attempted assassination charge against man in Trump golf incident. Here’s what they’d have to prove
▼ + stars: | 2024-09-24 | by ( Hannah Rabinowitz | ) edition.cnn.com time to read: +4 min

Prosecutors have already charged Ryan Wesley Routh with two firearms offenses, and a federal magistrate judge on Monday ordered him detained pending further court proceedings. The attempted assassination charge is “pretty rare,” according to former FBI Deputy Director Andrew McCabe, a CNN senior law enforcement analyst. But it has been used in other high-profile attempted assassination cases, such as that of a man charged with traveling to Brett Kavanaugh’s Maryland home with a gun, burglary tools and other equipment in an apparent attempt on the Supreme Court justice’s life. To prove their case, prosecutors would have to convince a jury that Routh took affirmative steps to carry out a plot to kill the former president. Ron DeSantis said last week that the state “will be conducting its own investigation regarding the attempted assassination at Trump International Golf Club.” Routh has not been charged in state court.

Persons: Donald Trump, Mark Dispoto, Ryan Wesley Routh, Andrew McCabe, Brett Kavanaugh’s, Routh, ”, David Aaron, Trump, “ It’s, ” Aaron, ” McCabe, “ don’t, “, Aaron, Ron DeSantis, ” Routh, McCabe, They’re, ” CNN’s Holmes Lybrand Organizations: CNN, US Department of, Justice Department, United, Prosecutors, ” Former Justice Department, Justice, Florida Gov, Trump International Golf, Republican Locations: United States, Brett Kavanaugh’s Maryland, Florida

☆ Ex-minister Iswaran pleads guilty in graft case that has gripped Singapore
▼ + stars: | 2024-09-24 | by ( ) www.cnbc.com time to read: +2 min

Singapore's former transport minister S. Iswaran arrives at the Supreme Court in Singapore September 24, 2024. The case has gripped the wealthy city-state which prides itself on having a well-paid and efficient bureaucracy as well as strong governance. Iswaran, who joined the cabinet in 2006, is the first Singaporean minister to be tried in court. Singapore's former Transport Minister S. Iswaran has pleaded guilty to receiving gifts while in office, local media reported, as proceedings began on Tuesday in a rare graft trial involving a state official in this Asian financial hub. The last corruption case involving a Singaporean minister was in 1986, when the national development minister was investigated for allegedly accepting bribes.

Persons: Iswaran, Ong Beng Seng, Ong, NewsAsia Organizations: Prosecutors, CNA, English Premier League soccer, Singapore Locations: Singapore

☆ Florida braces for potential heavy-hitting hurricane threatening damaging winds and storm surge
▼ + stars: | 2024-09-24 | by ( Susannah Cullinane | ) edition.cnn.com time to read: +5 min

With little time to prepare, Tampa General Hospital began erecting a 10-foot-high flood barrier around the facility Monday because of the chance for storm surge and shifts in the storm’s track. A tropical storm watch was raised Monday afternoon for Florida’s Dry Tortugas and part of the Keys and Monday evening for Bonita Beach to Flamingo, where a storm surge watch is also in effect. Strong, potentially damaging winds and storm surge are likely near where the system ultimately comes ashore. Hurricane and tropical storm watches are already in effect for parts of Mexico and Cuba. The “storm surge, wind, and rainfall impacts will extend well away from the center, particularly to the east of the system.

Persons: Helene, Ron DeSantis, –, Idalia, Mary Gilbert Organizations: CNN, United States ’, National Hurricane Center, Nine . Florida Gov, Tampa General Hospital, NHC, National Hurricane, Carolinas, Weather, Tennessee Locations: Florida, United, Caribbean, Tampa, Bend, Gulf, Mexico, Bonita Beach, Flamingo, Florida’s Big Bend, Louisiana, Central America, Cuba, Jamaica, United States, Florida , Georgia, Alabama, Georgia, Southern

☆ NWSL champion Gotham FC becomes first team from league to go to White House, meets with President Biden
▼ + stars: | 2024-09-24 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +2 min

CNN —President Joe Biden welcomed National Women’s Soccer League (NWSL) champion NY/NJ Gotham FC to the White House on Monday, the first time in the league’s history that a team has received the invite. Krieger, who earned more than a century of national team caps, won the NWSL title with Gotham FC in her last season as an active player. “Reflecting on my career, I recall times when women’s soccer lacked coverage and support,” she said. It won the inaugural Women’s Professional Soccer championship in 2009 and was a founding member of the NWSL in 2013. Gotham FC won its first NWSL championship in November last year, defeating OL Reign 2-1 in the final.

Persons: Joe Biden, Biden, Gotham, ” Biden, “, Susan Walsh, Ali Krieger, Krieger, ” Organizations: CNN, National Women’s Soccer League, NY, Gotham FC, White, Gotham, Jersey Sky, Sky Blue FC, League of United Soccer Leagues, Professional Soccer, Utah Royals Locations: United States

☆ Michael Kovrig: Canadian held for more than 1,000 days describes ‘psychological’ torture in Chinese detention
▼ + stars: | 2024-09-24 | by ( Lex Harvey | ) edition.cnn.com time to read: +4 min

Kovrig and Spavor were only freed after US prosecutors dropped the extradition request and agreed to release Meng, nearly two years later. Chinese officials did not publicly disclose any evidence against Spavor or Kovrig, or detailed information relating to their trials, which were held behind closed doors. Michael Kovrig embraces his separated wife Vina Nadjibulla after arriving at Pearson International Airport in Toronto, on September 25, 2021. You are going to be interrogated,’” Kovrig said. After six months, Kovrig said he was moved to a larger cell with plexiglass windows, which he shared with a dozen cellmates.

Persons: Hong Kong CNN — Michael Kovrig, Michaels, ” Kovrig, Michael Spavor, Kovrig, “, ‘ That’s, ’ ”, Meng Wanzhou, Meng, Michael Kovrig, Vina Nadjibulla, Frank Gunn, ’ ” Kovrig, “ I’ll Organizations: Hong Kong CNN, CBC News, International, Group, Huawei, Pearson International Airport, “, CNN, China’s Ministry of Foreign Affairs Locations: Hong Kong, China, Beijing, Ottawa, Canadian, North Korea, Vancouver, Toronto

☆ CNBC Daily Open: Vaguely reassuring Fedspeak
▼ + stars: | 2024-09-24 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Michael Nagle | Bloomberg | 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. In an interview with CNBC, Minneapolis Fed President Neel Kashkari said, "We still have a strong, healthy labor market. But I want to keep it a strong, healthy labor market." Atlanta Fed President Raphael Bostic was more circumspect.

Persons: IXIC BRBY, Jerome Powell, Michael Nagle, Neel Kashkari, Raphael Bostic, Austan Goolsbee, Goolsbee, yesterday's Fedspeak, Dow, Jeff Cox, Brian Evans, Alex Harring Organizations: US Federal Reserve, Market, New York Stock Exchange, Bloomberg, Getty, CNBC, Minneapolis, Atlanta Fed, National Association of State, Chicago Fed, Dow, Nasdaq Locations: New York, U.S

☆ Hezbollah is not Hamas. Can Israel afford another all-out war?
▼ + stars: | 2024-09-24 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +11 min

Since October 8, the day after Hamas’ deadly attack on Israel, there has been regular cross-border fire between Hezbollah and the Israeli military. Hezbollah first fired at Israel to protest the war in Gaza, demanding a ceasefire there as a condition to end its attacks. Should Israel enter full-scale war with Hezbollah, experts say it will face a much stronger threat than Hamas – and commensurate costs. “It’s devastating on the Israeli economy, on Israeli society,” Guzansky said, adding that the impacts will live on for years to come. Domestically, while Israelis showed a greater appetite for fighting at the outset of the Gaza war, polls show that domestic support has waned over the last months.

Persons: Israel, –, ”, Yoel Guzansky, Tsur Shalom, Abbas Ahmad Srour, Mohammad Hussein Kassem, Chris McGrath, Hassan Nasrallah, ⁠ Behnam Ben Taleblu, ” Ben Taleblu, Mizrahi, ” Orna Mizrahi, ” Mizrahi, Yoav Gallant, Guzansky, Netanyahu, Mostafa Alkharouf, ” Guzansky, “, Lebanon's, Jack Guez, Amir Yaron, That’s, Moody’s Organizations: CNN, Hamas, Israel, Institute for National Security Studies, National Security Council, Reuters, Military, Ramat, Foundation for Defense of Democracies, Washington DC, IDF, Israel Defense Forces, Israeli, Division, Getty, Organization for Economic Cooperation, Development, Lebanon's Hezbollah, Bank, Israel Democracy Institute Locations: Gaza, Israel, Lebanon, Tel Aviv, Kiryat, Moreshet, Haifa, Aita al Chaab, Israel’s, Iraq, Yemen, –, Ramat David, Lebanese, Iran, ”, Anadolu, Independence, Kiryat Bialik, AFP

☆ Trump plays the fear card on the economy – and it seems to be working
▼ + stars: | 2024-09-24 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

In another twist of his extreme rhetoric, Trump also seems to be seeking scapegoats should he lose the election in just over 40 days. Last week, at an event on antisemitism, the former president warned that “the Jewish people” would be partly to blame if he loses in November. As president, I have to be your protector.”Former President Donald Trump holds a fighting antisemitism event at Trump National Golf Club Bedminster on August 15, 2024, in Bedminster, New Jersey. On Monday, the former president warned that if Congress tried to block him from imposing new tariffs on China, he’d just ignore lawmakers. Like Trump, Harris argues that US Steel should remain American owned in opposing a sale to Nippon Steel — Japan’s biggest steelmaker.

Persons: Donald Trump, “, ” Trump, Kamala Harris, Harris, ”, Trump, Benjamin Netanyahu, he’s, Biden, Netanyahu, —, Adam Gray, We’re, Viktor Orbán, ” mused Trump, Republican Party —, Xi Jinping, Xi, he’d, John Deere, “ I’m, haven’t, Joe Biden, Win McNamee Organizations: CNN, Democratic, Fox News Town, America, Trump National Golf Club Bedminster, Getty, Farmers, Capitol, Republican, Republican National Convention, Republican Party, Monday, Investments, Trump, The New York Times, Siena College, Steel, Nippon Steel Locations: Pennsylvania, China, Israel, Bedminster , New Jersey, Harris, America, Hungarian, Beijing, Mexico, United States, Illinois, Ramos, Sprankle's, Kittanning , Pennsylvania, Arizona , North Carolina, Georgia

☆ Intel matters to US chipmaking. Its tangled relationship with China makes things complicated.
▼ + stars: | 2024-09-24 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

As things stand, Intel is the only US chip firm with plants, known as fabs, that are capable of making advanced semiconductors. TSMC is set to open a fab in Arizona next year, while reports suggest Sam Altman is seeking to raise funds to create chip manufacturing plants. Intel's customers in China include Alibaba and TikTok parent company ByteDance, which have been subject to scrutiny from the US government. "Intel's ties to key businesses in China are typical for a high-tech firm," he said. As Intel and the US consider plans to increase manufacturing capacity at home, the company's China ties will loom large in the global chip race.

Persons: —, Joe Biden, Biden, Forrester's, Alvin Nguyen, HWA CHENG, Sam Altman, Pat Gelsinger, Gelsinger, Forrester's Nguyen, it's, Stacy Rasgon, Bernstein, Rasgon Organizations: Service, Intel, Business, Qualcomm, Street Journal, Bloomberg, China Intel, HWA, Getty, Nvidia, AMD, New York Times, The Times, South Korea's SK Hynix, Intel Capital, Financial, Financial Times, Yahoo Locations: chipmaking, Washington, Intel's Arizona, China, AFP, Taiwan, Arizona , New Mexico, Oregon, Arizona, Chengdu, Dalian, South, Beijing

☆ Mark Cuban mocks Trump for going even further than Bernie Sanders on capping credit card interest rates
▼ + stars: | 2024-09-24 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Read previewBillionaire investor Mark Cuban on Tuesday teed off on Donald Trump's proposal to cap credit card interest rates at 10% and the former president's broader economic agenda. is the 10% price cap on credit card interest rates," Cuban said during a press call hosted by Vice President Kamala Harris' campaign. AdvertisementDuring a rally last week in New York, Trump floated the idea of temporarily capping credit card interest rates at "around 10%." AdvertisementExperts have said credit card companies would likely respond to an interest cap by making it harder for some people to access credit. The interest rates Americans pay on that debt are also higher now than they were before the COVID-19 pandemic.

Persons: —, Mark Cuban, Donald Trump's, Kamala Harris, Harris, I've, it's, Donald Trump, Trump, Sen, Bernie Sanders, Alexandria Ocasio, Cortez, Donald, Steven Cheung, Josh Hawley, Messrs, Sanders, Matt Schulz, Karoline Leavitt Organizations: Service, Business, Cuban, Rep, Trump, Republican, CNN, Financial, New York Federal Reserve Locations: Savannah , Georgia, New York, Alexandria, Cortez of New York, Cuban, Josh Hawley of Missouri

☆ Your best bet to avoid an RTO mandate may be a doctor-prescribed accommodation
▼ + stars: | 2024-09-24 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA doctor's note may be the best way for a remote employee to avoid their company's return-to-office mandate. "They must be accommodated if they have a disability that requires accommodation, but it's not a choice as to which accommodation," she said. Related storiesReasonable accommodations under the ADA can include modifying a work schedule or workplace setting, as well as moving to remote work. "Let's be clear, why is remote work addressing that disability?"

Persons: —, Ron Zambrano, Zambrano, Domenique Camacho Moran, Farrell Fritz, Camacho Moran, it's, Zacchery Belval, Belval Organizations: Service, Trial, Business, National Labor Relations Board, Washington, Electric, BI Locations: California, New York, Connecticut

☆ The US' top supplement expert takes 3 —but only when he's busy. They boost his health and help him recover post-workout.
▼ + stars: | 2024-09-24 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +5 min

He told Business Insider he's not anti-supplement, but takes a food-first approach to his health. "I do feel that my diet provides an adequate amount of the important nutrients in order to meet requirements and maintain my health. So I don't see a need right now for dietary supplements," Pasiakos said. PIXNIOFiber supplementPasiakos sometimes takes a fiber supplement, such as psyllium husk or inulin, when he's traveling. He's not picky about the type of protein supplement and said that whey protein, pea protein, plant protein, and even a glass of milk will suffice.

Persons: —, Stefan Pasiakos, Pasiakos, there's, he's, He's Organizations: Service, National Institutes of Health, Business, Columbia University and Brigham, Women's, US Preventive Services Task Force, National Cancer Institute, Mayo Clinic

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