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☆ Trump is getting wilder and wilder, but the White House race remains a toss-up
▼ + stars: | 2024-09-23 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

But the nature of the race — a toss-up contest in swing states — has not budged. No clear leaderBut despite the rising heat on the campaign trail, the race remains where it has been for weeks: deadlocked. The vice president is at 50% compared with Trump’s 47% in the latest CNN Poll of Polls average. Vice President Kamala Harris boards Air Force Two in Queens, New York, on September 22, 2024. Former President Donald Trump arrives at a campaign rally at the Aero Center in Wilmington, North Carolina, on September 21, 2024.

Persons: Donald Trump’s, he’d, —, Trump, He’s, CNN’s KFile, Kamala Harris, Harry Enten, Democrat John F, Richard Nixon, Gretchen Whitmer, Harris ’, “, Harris, Sharyl Attkisson, ”, Joe Biden, Matt Rourke, Biden, Donald Trump, Jim Watson, Republicans —, Ron DeSantis, Nikki Haley, she’s, “ I’m, “ I’ve, ” Harris, South Carolina Sen, Lindsey Graham, NBC’s Kristen Welker, Who’s Organizations: CNN, White, North Carolina, Democrat, Michigan Gov, Democrats, Trump, NBC News, Democratic, Electoral, Air Force, Capitol, Oval, Democratic National Convention, Republican Party, Aero Center, Getty, Republicans, Florida Gov, South Carolina Gov, NBC, —, Federal Reserve, mull, Republican, South, “ Locations: Ohio, “ State, Michigan, Pennsylvania, Wisconsin, Georgia, Nevada , Wisconsin , Michigan, North Carolina, United States, Queens , New York, Trump, Chicago, Wilmington , North Carolina, AFP, Florida, South Carolina

☆ Using options to trade the AI-driven power generation buildout
▼ + stars: | 2024-09-23 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

Power generation has emerged as a crucial investment theme in the context of artificial intelligence (AI) energy demand due to the significant electricity requirements of AI technologies. Several factors make power generation a vital AI-adjacent investment theme: Data centers, the backbone of AI operations, are among the largest electricity consumers. Investing in power generation becomes vital to support this expanding infrastructure. Fluor offers a wide range of services in the nuclear power sector, including project management, engineering, procurement, construction, and maintenance. The company has experience developing new nuclear power plants and maintaining, refurbishing, and decommissioning existing ones.

Persons: Fluor's, FLR, I've Organizations: Bechtel, KBR, Fluor Corporation, Corporation, Fluor, NuScale, CNBC, NBC UNIVERSAL Locations: Irving , Texas, Fluor

☆ European soccer roundup: Erling Haaland scores 100th Manchester City goal in controversial game against title rival Arsenal
▼ + stars: | 2024-09-23 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +8 min

The two sides met at City’s Etihad Stadium on Sunday with both teams eager to strike first in this year’s title race. Just before half-time, Arsenal attacker Leandro Trossard committed a foul before kicking the ball across the pitch, earning a controversial second yellow card. Matt West/ShutterstockAfter being reduced to 10 players, Arsenal manager Mikel Arteta adopted a highly defensive shape to try and protect the lead. “I think the win belongs to the players and for our fans,” Fonseca said after the game. A chaotic first half saw visiting Wolfsburg take a 3-2 lead before Piero Hincapié leveled things up shortly after half-time.

Persons: Erling Haaland, Pep Guardiola’s, Rodri, Riccardo Calafiori, Gabriel Magalhães, Leandro Trossard, Trossard, Michael Oliver, Matt West, Mikel Arteta, John Stones, Kyle Walker, ”, Robert Lewandowski, Ayoze Pérez, Pablo Torre, David Ramos, –, Marc, André ter Stegen, Blancos, Thibaut Courtois, Dani Carvajal, Rodrygo, Vinícius Jr, Mbappé, Carlo Ancelotti’s, Atlético, Matteo Gabbia, Christian Pulisic, Yann Sommer, Milan's Tijjani Reijnders, Alessandro Bastoni, Marco Luzzani, Federico Dimarco, Gabbia, Paulo Fonseca, ” Fonseca, we’ve, Serie A’s, Michael Olise, Jamal Musiala, Harry Kane, Serge Gnabry, Christina Pahnke, ” Kane, Kane’s, Xabi, Piero Hincapié, Victor Boniface Organizations: CNN, England’s Premier League Arsenal, Manchester, Premier League, City’s Etihad, Arsenal, Gunners, Londoners, City, BBC Radio, BBC Sport, La Liga Barcelona, Villarreal, La Liga, Torre, Catalans, Real Madrid, Espanyol, Madrid hasn’t, Barcelona, Serie, Italy’s, Milan, Internazionale, Derby, San, US, Inter, Torino, Hellas Verona, Germany’s Bundesliga, Bayern, Bundesliga, Dinamo Zagreb, Champions League, Werder Bremen, Getty, Bayer Leverkusen, Wolfsburg, Leverkusen Locations: Villareal, Raphinha, Milan, Bayern Munich, lederhosen, AFP

☆ Lebanon sees deadliest day of conflict since 2006 as Israeli strikes kill more than 356
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: +5 min

The Israeli military said Monday evening it had carried out a targeted strike in Beirut. Lebanese Health Minister Firass Abiad told a news conference in Beirut the earlier strikes hit hospitals, medical centers and ambulances. The Israeli military announced it hit some 800 targets, saying it was going after Hezbollah weapons sites. Meanwhile, Hezbollah said in a statement that it fired dozens of rockets toward Israel, including at military bases. Lebanon's state-run National News Agency said the strikes hit a forested area in the central province of Byblos for the first time since the exchanges began.

Persons: Rabih Daher, Benjamin Netanyahu, Netanyahu, Abed, Hezbollah's, Firass Abiad, Mahmoud Zayyat, Daniel Hagari, Herzi Halevi, Israel, Halevi, Rafael, Ibrahim Aqil Organizations: Afp, Getty, Lebanese, National News Agency, Lebanese Health, Iran's, Guards, Hezbollah, Sunday, Hamas, Associated Press, Fighters Locations: Marjayoun, Lebanon, Israel, Sidon, Beirut, Lebanon's, Bekaa, Byblos, Lebanese, Syria, Haifa, Gaza, Iran, Beirut's

☆ Australia's REA sweetens takeover offer for Britain's Rightmove to $8.1 billion
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: +1 min

Australian property listing firm REA Group has made a third pitch to buy British rival Rightmove with a new 6.1 billion pound ($8.12 billion) offer on Monday after its two previous offers were rejected. The latest offer consists of 341 pence in cash and 0.0422 new REA shares giving Rightmove an implied value of 770 pence per share. Rightmove did not immediately respond to a request for comment on the new non-binding bid outside normal U.K. business hours. The REA offer put forward on Monday is higher than the initial offer of 705 pence per share, or 5.6 billion pounds, and the second proposal of 749 pence per share. REA said it had not had any "substantive engagement" with Rightmove, except for the rejections, and that it remained ready to engage immediately with the Rightmove board.

Persons: REA, Rightmove Organizations: REA, Rupert Murdoch's News Corp

☆ Five Tufts University lacrosse players remain hospitalized after Navy SEAL-style workout
▼ + stars: | 2024-09-23 | by ( Michelle Watson | ) edition.cnn.com time to read: +3 min

CNN —Three men’s lacrosse players at Tufts University remain hospitalized after a voluntary, supervised 45-minute workout with a Navy SEAL graduate left them with a dangerous condition called rhabdomyolysis, the university said. A spokesperson for the university previously said five remained hospitalized. All have been evaluated by medical professionals, with a total of nine requiring hospitalization for rhabdomyolysis (rhabdo),” Collins said in an updated statement Monday. “The university continues to closely monitor the condition of the team, and some individual team members have been medically cleared to resume training,” Collins said. “A typical time of year when we see it in athletes is in the off-season, or getting ramped back up,” Sikka, who also serves as a team physician for the New York Yankees, told CNN.

Persons: BUD, Patrick Collins, ” Collins, ”, Dr, Shruti Gupta, “, Robby Sikka, ” Sikka, Sikka, it’s, CNN’s Meg Tirrell Organizations: CNN, Tufts University, SEAL, Tufts, Navy SEAL, Media Relations, Cleveland Clinic, Brigham, Women’s, WCVB, Professional Tennis Players, New York Yankees

☆ Only 33% of millionaires consider themselves wealthy, report finds. Why it's so hard to feel rich
▼ + stars: | 2024-09-23 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

More borrowers are carrying debt from month to month and a growing number are falling behind on their monthly credit card payments. Over the last year, roughly 9.1% of credit card balances transitioned into delinquency, the New York Fed reported for the second quarter of 2024. Nearly half, 44%, of Americans said credit card debt is the biggest threat to their ability to build wealth, according to Edelman Financial Engines. "High-interest rate credit card debt, more than other sorts of debt, is a savings killer, because when you have it, you have to feed the beast. Among millionaires, 68% said they would need at least $3 million and 40% said feeling wealthy would require $5 million of more.

Persons: Chatzky, — Organizations: Bureau of Labor Statistics, New York Fed, Edelman

☆ FTC chair Lina Khan warns that airlines might one day use AI to find out you're attending a funeral and charge more
▼ + stars: | 2024-09-23 | by ( Jaures Yip | ) www.businessinsider.com time to read: +5 min

Read previewConsumers could end up paying the (personalized) price as AI becomes more popular, FTC Chair Lina Khan recently warned. Khan said that dynamic pricing, while a separate pricing strategy, may have helped price targeting become more prevalent as people become increasingly used to encountering it. Dynamic pricing itself has already proven controversial in some areas. Wendy's received major heat from customers after announcing plans to introduce dynamic pricing and AI-enabled menu changes as early as 2025. Later, the fast-food chain clarified that its dynamic pricing would not raise prices but rather only provide discounts.

Persons: —, Lina Khan, Khan, there's, we've, Wendy's, Kroger, Elizabeth Pancotti, Pancotti Organizations: Service, Innovation, Business, FTC, Microsoft, Walmart, Roosevelt Institute

☆ Four worries that should keep market bulls awake at night
▼ + stars: | 2024-09-23 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Investors are still expressing signs of concern despite the stock market hitting all-time highs, according to Deutsche Bank. The S & P and the Dow weren't alone in their milestones. Gold prices also notched a new all-time high following the supersized Fed cut, crossing the $2,600 per ounce level on Friday. Allen also highlighted that traditional valuation metrics are "elevated" considering the "relentless" nature of the market in 2024. Year to date, the S & P has gained nearly 20%, and has risen in 24 of this year's 38 weeks, according to FactSet.

Persons: Dow, Henry Allen, Allen Organizations: Deutsche Bank, Federal Reserve, Dow Jones, Nasdaq, ECB Locations: Ukraine

☆ A software engineer at Salesforce shares the résumé hack that helped him land his first job out of his master's program
▼ + stars: | 2024-09-23 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

He had only been at Carnegie Mellon University for three months and knew the career fair was not meant for non-graduating students. "When the time came after nine months for my actual career fair, I focused on those companies a bit more." "That really helped because right out of the first career fair I attended properly, I had six or seven calls," he said. This is the résumé that Ghatage used to attend job fairs in 2016:Ghatage's résumé in 2016 during his master's program. Tweaking work experience: Writing about early work experience is tough because it often had limited impact, Ghatage said.

Persons: —, Ghatage, Ghatage's Organizations: Service, Carnegie Mellon University, Business, Google, Cisco, SAP Locations: Salesforce, company's

☆ Gen Z and millennials are increasingly ‘doom spending.' Here's what it is and how to stop it
▼ + stars: | 2024-09-23 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +2 min

Some young people are splashing out on luxuries like travel and designer clothes instead of saving, in a trend that's being characterized as "doom spending" on social media. Doom spending is when a person mindlessly shops to self-soothe because they feel pessimistic about the economy and their future, according to Psychology Today. It's happening because young people are chronically online and feel like they're constantly receiving "bad news," she said. These young people are then translating these bad feelings into bad spending habits, Baeckström added. And Fernández said she's not alone in doom spending.

Persons: they're, Baeckström, Stefania Troncoso Fernández, spender, Fernández, she's, It's Organizations: King's Business, CNBC, Intuit, America Locations: Colombia

☆ Exxon is trading at 'extremely cheap' levels right now, says investor Stephanie Link
▼ + stars: | 2024-09-23 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +2 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. ET each day) Investors are watching the trend in small caps and value stocks and how the Federal Reserve rate cut last week could impact that trade. Worldwide Exchange word of the day: Confidence Stephanie Link of Hightower said she's constructive about the market, but still expects to see some volatility. Worldwide Exchange pick: Exxon Link says Exxon (XOM) is currently trading at an attractive entry point at 14-times forward earnings. XOM YTD mountain Exxon YTD

Persons: Stephanie Link, Hightower, Callan, Mitrione, Link Organizations: PRO, Worldwide, Federal, Callan Family, Worldwide Exchange, Exxon Link, Exxon

☆ WSJ's Tim Higgins on X in Brazil: Hard to stand up against a country you're trying to operate in
▼ + stars: | 2024-09-23 | 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 EmailWSJ's Tim Higgins on X in Brazil: Hard to stand up against a country you're trying to operate inTim Higgins, Wall Street Journal business columnist, joins 'Squawk Box' to discuss news of X reversing course in Brazil, why Elon Musk is backing down in his battle with Brazil's Supreme Court, SEC's court battle with Musk, the Trump-Musk alliance, and more.

Persons: Tim Higgins, Elon Musk, Musk Organizations: Wall Street Journal, Brazil's, Trump Locations: Brazil

☆ Precious metals are all in a 'bit of trouble' as interest rates stabilize: Nations Indexes president
▼ + stars: | 2024-09-23 | 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 EmailPrecious metals are all in a 'bit of trouble' as interest rates stabilize: Nations Indexes presidentCNBC's Dominic Chu and Nations Indexes President Scott Nations join 'The Exchange' to discuss gold's recent record highs and the outlook on precious metals.

Persons: CNBC's Dominic Chu, Scott Nations

☆ There's a risk of a 'bull trap' which could be similar to 2007-2008, chartist says
▼ + stars: | 2024-09-23 | 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 EmailThere's a risk of a 'bull trap' which could be similar to 2007-2008, chartist saysRon William, CIO and tactical strategist at RW Advisory, discusses the risk of a "bull trap" shares further chart analysis.

Persons: Ron William Organizations: Advisory

☆ Where Harris is outspending Trump the most
▼ + stars: | 2024-09-23 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +4 min

Read previewAs Vice President Harris and former President Donald Trump enter the most expensive stretch of the election, their respective spending habits say a lot about the state of the race. And while polls may be tight, the money race isn't — Harris is outspending Trump by approximately $5 million every single day, according to the most recent federal filings. Harris is outspending Trump in ad buys in every single swing state, Bloomberg reported based on data from AdImpact. AdvertisementNeither the Trump nor Harris campaigns immediately responded to Business Insider's request for comment. Trump is outspending Harris in terms of direct mail by a ratio of approximately three-to-one.

Persons: —, Harris, Donald Trump, isn't — Harris, outspending Trump, Trump, Anne Hathaway, Whoopi Goldberg, Timothy Mellon, Elon Musk, outspending Harris, doesn't Organizations: Service, Business, Bloomberg, Democratic, Cipriani Wall, New York Times, Big, Trump, Elon, Labor, Musk's America PAC Locations: Pennsylvania, Michigan , Georgia, Arizona , Wisconsin, North Carolina, Nevada, Michigan, Georgia , Wisconsin , Arizona, Silicon Valley, San Francisco, Los Angeles

☆ Pa. health system agrees to $65 million settlement after hackers leaked nude photos of cancer patients
▼ + stars: | 2024-09-23 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +4 min

CNN —A Pennsylvania health care system this month agreed to pay $65 million to victims of a February 2023 ransomware attack after hackers posted nude photos of cancer patients online, according to the victims’ lawyers. Eighty percent of the $65-million settlement is set aside for victims whose nude photos were published online. The ransomware attack “was limited to the network supporting one physician practice located in Lackawanna County,” the Lehigh statement continued. A February ransomware attack on a major health insurance billing firm cut off health providers from billions of dollars and put some health clinics on the brink of bankruptcy. A full-scale ransomware attack on a health care provider has many costs aside from potential lawsuits, from rebuilding computer systems to retaining legal counsel, Henderson said.

Persons: Saltz Mongeluzzi, ”, Carter Groome, ” Groome, “, Max Henderson, Henderson Organizations: CNN, Health, Lehigh Valley Health Network, Lehigh, Biden Locations: Pennsylvania, Lehigh, Lackawanna County

☆ India rules out joining world’s largest trade deal, accuses China of 'very opaque' trade practices
▼ + stars: | 2024-09-23 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Anadolu | Anadolu | Getty ImagesIndia's commerce minister rejected the idea of joining the Regional Comprehensive Economic Partnership, the world's largest trade deal, maintaining that it is not in the country's interest to be part of a free trade agreement with China. Negotiations for the RCEP started in 2013 and initially included India, which some members viewed as a counterbalance to China. However, in 2019, India chose not to join RCEP, citing unresolved "core interest" issues. Goyal noted that at that time, India already had a free trade agreement with ASEAN, Japan and Korea, as well as a bilateral trade with New Zealand worth $300 million. "It was not in our farmers' interest, RCEP did not reflect the aspirations of our small and micro medium industries and sector, and in some form, was nothing but a free trade agreement with China," he said.

Persons: Industry Piyush Goyal, CNBC's Tanvir Gill, Goyal, RCEP Organizations: Anadolu, Getty, Regional Comprehensive Economic, ASEAN, Commerce, Industry, —, Association of Southeast Asian Nations, RCEP, New Zealand, Trade, Semiconductor Locations: China, India, Asia, South Korea, Japan, Australia, New Zealand, Korea

☆ Europe could be drifting into a downturn as France and Germany fight economic and political woes
▼ + stars: | 2024-09-23 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +3 min

Europe could be drifting in to a downturn as its biggest economies, Germany and France, fight political and economic woes at home. In Germany, composite purchasing manager's index (PMI data) measuring business activity in both sectors, came in at XXXX, down from XXX in August. In France, meanwhile, the composite PMI fell in September to an eight-month low of 47.4 from 53.1 in August. In the euro zone as a whole, the PMI data showed a decline from XXX last month to XXX, in September. Once Europe's poster-child for growth, Germany is now likened to the "sick man" of Europe by economists.

Persons: Pariser, —, Chancellor Olaf Scholz's, J.P, Greg Fuzesi Organizations: Pariser Platz, PMI, Social Democratic Party, SPD Locations: Berlin, Germany, Europe, France, Brandenberg, Thuringia, Saxony, Morgan

☆ Man suspected of apparent assassination attempt against Trump left a letter detailing his plans, prosecutors say
▼ + stars: | 2024-09-23 | by ( Holmes Lybrand | ) edition.cnn.com time to read: +2 min

CNN —The man who authorities say sat with a rifle in the trees where Donald Trump was golfing earlier this month in West Palm Beach, Florida, previously wrote a letter stating “this was an assassination attempt on Donald Trump,” according to a new filing by federal prosecutors. One letter, addressed to “The World” said: “This was an assassination attempt on Donald Trump but I failed you. I tried my best and gave it all the gumption I could muster. Routh, 58, was charged with two firearm offenses last week after allegedly fleeing the Trump International Golf Course. Routh’s recent background included a stint in Ukraine, where he unsuccessfully tried to be recruited to fight Russia, as well as time in Hawaii working in construction.

Persons: Donald Trump, Ryan Wesley Routh, ” Trump, Routh, Trump, ” Routh Organizations: CNN, Trump, Prosecutors, Service, of Locations: West Palm Beach , Florida, Iran, Ukraine, Russia, Hawaii

In the flood of election polls you’ll see over the next few weeks, most polling groups will include responses from “likely voters.” And often from nobody else. In theory, these poll numbers should yield more accurate results, since the people who actually vote are the ones who dictate the outcome on Election Day. After all, how exactly can a pollster know who is “likely” to vote, and who therefore will be the focus of their results? The choices they make are important, because the results of likely-voter polls can differ from those that sample a wider population, such as everyone who is registered to vote. In a close race like this year’s presidential contest, one candidate might lead in a poll among likely voters, while another might lead in the same poll’s tally of registered voters.

☆ Biden proposes banning Chinese vehicles from U.S. roads with software crackdown
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: +5 min

The Biden administration has raised serious concerns about the collection of data by Chinese companies on U.S. drivers and infrastructure through connected vehicles as well as about potential foreign manipulation of vehicles connected to the internet and navigation systems. The planned regulation, first reported by Reuters, would also force American and other major automakers in the coming years to remove key Chinese software and hardware from vehicles in the United States. The U.S. Commerce Department on Monday proposed prohibiting key Chinese software and hardware in connected vehicles on American roads due to national security concerns - a move that would effectively bar nearly all Chinese cars from entering the U.S. market. The move is a significant escalation in the United States' ongoing restrictions on Chinese vehicles, software and components. The rules would apply to all on-road vehicles but exclude agricultural or mining vehicles not used on public roads.

Persons: Joe Biden, Biden, Gina Raimondo, Raimondo, We're, Jake Sullivan, Sullivan, Jan Organizations: White, White House, Reuters, U.S . Commerce Department, United, National, Embassy, U.S, The Commerce Department, Alliance, Automotive Innovation, General Motors, Toyota, Hyundai Locations: Rose, Washington ,, United States, U.S, Yantai, Shandong province, Russia, China, Washington

☆ U.S. rate cut, geopolitical woes lift gold to record high
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: +2 min

Gold prices extended gains to scale a record high on Monday, driven by the momentum generated by the Federal Reserve's interest rate cut and safe-haven demand due to geopolitical risks in the Middle East. Gold prices extended gains to scale a record high on Monday, driven by the momentum generated by the Federal Reserve's interest rate cut and safe-haven demand due to geopolitical risks in the Middle East. Spot gold rose 0.2% to $2,628.28 per ounce, as of 0349 GMT, after hitting a record high of $2,630.93 earlier in the session. The U.S. Fed began its easing cycle with a half-percentage point rate cut on Wednesday, forecasting another half-point cut by year-end and a full point next year. Fed futures traders have priced in 75 basis points in rate cuts by the end of this year, according to CME FedWatch.

Persons: Tim Waterer Organizations: KCM, U.S, Fed, FedWatch Locations: U.S, Israel, Lebanese

☆ Value investor Bill Nygren looking outside of crowded megacap tech, adds cheap financial stock
▼ + stars: | 2024-09-23 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Longtime value investor Bill Nygren warned that the popular benchmark S & P 500 is not as diversified as it used to be, and he is picking cheap stocks outside the dominant tech sector. Nygren, portfolio manager at Oakmark Funds for 40 years, said the technology sector has grown so powerful in the S & P 500 that the 25 or so largest names make up about half the investment. "It's not nearly as diversified as investors think it is. I think we will see investors revisit the idea of the S & P 500 being kind of the low-risk way to invest in equities," Nygren said on CNBC's " Money Movers " on Monday. "It's become so important to us that we invest with companies that are taking matters into their own hands and using excess capital to repurchase their own stock," Nygren said.

Persons: Bill Nygren, It's, Nygren Organizations: Oakmark Funds, Nvidia, Meta, AIG

☆ Britain's finance minister calls for spending discipline but no return to austerity
▼ + stars: | 2024-09-23 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Britain's Chancellor of the Exchequer Rachel Reeves speaks on the second day of the annual Labour Party conference in Liverpool, north-west England, on September 23, 2024. Liverpool, ENGLAND — U.K. Finance Minister Rachel Reeves vowed on Monday that Britain will not return to austerity, but said she would make hard choices as she lays out budget proposals next month. "It will be a budget with real ambition ... a budget to deliver the change we promised. A budget to rebuild Britain," she told a crowd of Labour party delegates Monday. Reeves has suggested that taxes are likely to rise at her upcoming Oct. 30 Autumn budget after discovering a £22 billion ($29 billion) "black hole" in the public finances.

Persons: Rachel Reeves, heckles, Keir Starmer, Reeves, Jeremy Hunt Organizations: Labour Party, Finance, Labour, Conservative Party, Conservatives Locations: Liverpool, England, ENGLAND, Britain

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