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Inflation increased slightly in September and moved closer to the Federal Reserve’s target, according to a Commerce Department report Thursday. The personal consumption expenditures price index showed a seasonally adjusted 0.2% increase for the month, with the 12-month inflation rate at 2.1%, both in line with Dow Jones estimates. Fed officials target inflation at a 2% annual rate, a level it has not achieved since February 2021. The annual rate was 0.1 percentage point higher than forecast but the same as in August. Consumer spending rose 0.5%, topping the outlook by 0.1 percentage point.
Persons: Dow Jones Organizations: Commerce Department, Fed, Energy, Labor Department, of Labor Statistics
Abortion is the most-mentioned topic in Democratic closing ads, followed by immigration, health care, bipartisanship, and taxation, according to an analysis of more than 300 TV ads from candidates and joint ads they ran with party committees. The analysis looked at ads, tracked by AdImpact, that aired Wednesday in competitive House and Senate races. Immigration is the top topic in Republican ads, followed by Vice President Kamala Harris, taxation, President Joe Biden, and candidate character. Larry Hogan and Wisconsin businessman Eric Hovde — had TV ads mentioning the issue on Wednesday. In Ohio, one of businessman Bernie Moreno’s closing ads features Trump saying, “Sherrod Brown is a radical left politician.
Persons: Kamala Harris, Joe Biden, Democratic Sens, Jon Tester, Sherrod Brown, Donald Trump, Tester, “ Tim Sheehy doesn’t, Sheehy, It’s, , Larry Hogan, Eric Hovde —, Hogan, Democratic Sen, Tammy Baldwin, , ” Hovde, Amy Walter, Don Bacon, Brandon Williams, Marc Molinaro, California’s Matt Gunderson, Virginia’s Derrick Anderson —, John Tester, Harris, Biden, Trump, Bernie Moreno’s, “ Sherrod Brown, Bernie Moreno, ” Harris, Maryland Democrat Angela Alsobrooks, Pennsylvania Democratic Sen, Bob Casey’s, Casey “ Organizations: Democratic, GOP, Maryland Gov, National Republican, Nebraska, Republican, America, Republicans, ” Immigration, Trump, Maryland Democrat, Democrat, Pennsylvania Democratic, NAFTA Locations: Montana and Ohio, Washington, Wisconsin, New York, In Montana, Ohio, Pennsylvania, China
“Since everyone’s obsessed with Swedish candy in New York, let’s go to Bon Bon!” creator Beca Michie said, standing outside the pink awning of Bon Bon Swedish Candy. Welcome to the Swedish gummies craze that has swept the U.S. Bon BonThe platform is alive with videos of people displaying their colorful Swedish candy hauls. “This highly anticipated Swedish candy shop is finally open in the West Village,” creator Becca Schneider said about Lil Sweet Treat. Bon Bon, which opened in 2017, now has four locations that stay open until midnight, as well as a booming website. Courtesy Elly RossAside from TikTok, candy experts said there could be another reason gummies are having a moment -- increased cacao prices.
Persons: let’s, Bon, Beca Michie, Bon Bon, Becca Schneider, Lil Sweet Treat, Leo Schaltz, ” Schaltz, Schaltz, Bon Bon's, Selim Adira, Robert Persson, Bon Bon Schaltz, , TikTok, ” Elly Ross, Elly Ross, they’re, haven’t, , Lil Sweet, Sweet Treat, ” Ross, Issy Victoriano, Ross, I’ve, David Branch, “ It’s Organizations: Brooklyn, Wells, Food Institute, Commodities Locations: Brooklyn , New York, Swedish, United States, New York, Bon, Bon Bon Swedish, West, U.S, Sweden, American, , Germany, Spain
The early votes of new voters — voters who did not show up in 2020 — are of particular interest because they are votes that could change what happens in 2024 relative to the last presidential election. The data out of Pennsylvania shows large differences in the number of votes cast by new voters, both by party registration and by gender. More new voters are registered Democrats than Republicans, and new female voters are driving this partisan gap. The new male voters are only slightly more likely to be Democrats than Republicans, but among new female voters, Democrats outnumber Republicans nearly 2 to 1. But the Republican advantage in new Arizona voters so far is being driven largely by male voters.
Persons: , Joe Biden, Donald Trump ., Biden, Kamala Harris, Josh Clinton Organizations: NBC, Democratic, Trump, don’t, Republicans, Biden, New, Democrats, Arizona voters Locations: Pennsylvania, Arizona, Arizona , Nevada , North Carolina, Georgia , Michigan, Wisconsin, Michigan, North Carolina, Nevada
And quite honestly, you’re going to minimize your exposure to bad things happening. And when you’re in a scenario where your stress is up, you’re not going to remember them. That’s why I always tell people, “Think simple.” OK, somebody is coming at me: Claw their eyes. Or if you’re going after a man, go after the groin area. Those are really simple ways to keep yourself safe.
Persons: it’ll, Andrea Canning, Evy, Canning, We’ve, I’ll, you’re, ” Canning, let’s Organizations: Secret Service,
With Republicans favored to win the Senate, Harris may have few opportunities to pursue an ambitious legislative agenda, shifting the Democratic ideological fight to key personnel decisions. “It’d be a strategic blunder for Harris to pick an ugly fight over Lina Khan’s future when there’s already strong consensus among Democrats. Moderate senators like Bob Casey and Jackie Rosen are actively campaigning on the FTC’s work to lower prices,” said a Senate Democratic aide, who was granted anonymity to discuss a sensitive subject. Removing her would not only infuriate the left but it could provoke a confirmation fight with Senate Republicans over her replacement. Some in the progressive movement believe Harris should simply leave her there without going through confirmation again in the Senate if need be.
Persons: WASHINGTON, Kamala Harris tacks, Lina Khan, Harris, , Dan Geldon, Sen, Elizabeth Warren, , ” Geldon, Mark Cuban, Gary Gensler, Barry Diller, Reid Hoffman, Hoffman, ” “, Adam Green, Kamala Harris, Joe Biden, Ron Klain, Khan, Danielle Deiseroth, MAGA, Lina Khan’s, there’s, Bob Casey, Jackie Rosen, Alexandria Ocasio, Bernie Sanders, “ Khan, Jeff Hauser, he’s, Ohio Democratic Sen, Sherrod Brown, Geldon, General Merrick Garland, Donald Trump, Michael Dorf, Neil Buchanan, Ezra Levin, Biden, we’d, ” Levin Organizations: Federal Trade, Biden, Republicans, NBC, Securities, Exchange, Billionaire Democratic, Democratic Party, Democratic, Facebook, Progress, Trump, Will, Progressives, SEC, Crypto, Ohio Democratic, Banking Committee, Cuban, Monday, Trump Republicans, Republican Locations: Alexandria, Cortez, Ohio, Harris ’, Washington
Another Trump campaign official said that if it is going to a state, it’s because the campaign sees movement there. Los Angeles Dodgers win the World SeriesThe Los Angeles Dodgers celebrate as they defeat the New York Yankees 7-6 in Game 5 to win the World Series on Oct. 30. This marks the Dodgers’ second World Series in the last five years. More World Series coverage:Ohtani is a national hero across Japan — and especially in his rural hometown , where fans gathered for a World Series watch party to witness the “once-in-a-century” talent. , where fans gathered for a World Series watch party to witness the “once-in-a-century” talent.
Persons: Donald Trump, Kamala Harris, hasn't, Trump, Harris, Joe Biden, ➡️ Trump, Nicky Jam backtracked, Nikki Haley, ➡️ Haley, ➡️, , Elon Musk, Elon, Musk, hasn’t, Donald Trump’s, Freddie Freeman, Shohei Ohtani, Mookie Betts, Eric Baculinao, — Evan Bush, , Elizabeth Robinson Organizations: Los Angeles Dodgers, GOP, Trump, Puerto, Elon Musk, Twitter, New York Yankees, Getty, Yankees, Dodgers, New York, NBC Locations: New Mexico, New Mexico . Virginia . New Hampshire, They're, Albuquerque , New Mexico, Phoenix, Reno, Las Vegas, Wisconsin, Madison, York, Pennsylvania, Puerto Rico, New, Los Angeles, Japan, Spain, Europe, Jiangmen, Guangdong province, China, Beijing
CNN —An electric motorcycle, made by Swedish-Kenyan manufacturer Roam completed a 6,000-kilometer (3,700-mile) journey from Nairobi, Kenya, to Stellenbosch, South Africa, in 17 days, using only solar power. “(We wanted) to break a lot of boundaries on how traversing through sub-Saharan Africa is possible without pre-installed charging infrastructure,” Masa Kituyi, Roam product owner and one of the riders on the expedition, tells CNN. However, he insists that this mammoth journey would still be possible for people without a solar support car. Lewis SeymourAccelerating marketThe journey was a collaborative effort between Roam and Stellenbosch University, which launched an Electric Mobility Lab this month, dedicated to advancing sustainable transport solutions. Low operating costs are a key driver, analysts from Mordor told CNN in an email: “Electricity is generally cheaper than gasoline, and electric motorcycles have fewer mechanical parts.
Persons: Masa, Masa Kituyi, Lewis Seymour Kituyi, Stephan Lacock, , he’s, Lewis Seymour, Rwanda’s Ampersand, Spiro Organizations: CNN, Stellenbosch University, Electric Mobility, Intelligence Locations: Swedish, Kenyan, Nairobi, Kenya, Stellenbosch, South Africa, Africa, Tanzania, Malawi, Zambia, Botswana, Victoria Falls, Chobe, China, Rwanda, Benin, Togo, Uganda, Nigeria, EVs
Those rules were in the spotlight in 2020, after Joe Biden won a handful of key battleground states by a razor-thin margin. Ahead of Election Day, here's a refresher of the recount rules in the states expected to be the closest in the presidential race. A bipartisan group of lawmakers approved new measures in 2024 that would shorten the time needed for a potential recount. Then, after the state certified Biden's victory, the Trump campaign requested a machine recount, as was its right under state law. The state recently enacted changes to Michigan's recount law, but none will go into effect before Election Day.
Persons: Joe Biden, Donald Trump, here's, Trump Organizations: Arizona, Electoral College, North Locations: Arizona, Georgia, . Michigan Michigan, North Carolina, Pennsylvania, Wisconsin
Neutrinos pair with antineutrinos, which scientists think mirror their behavior. The first of three new neutrino observatoriesJUNO is part of China’s ambitious efforts to become a global science powerhouse. The sun, for example, sends electron neutrinos toward Earth, but sometimes they arrive as muon neutrinos. Several scientists behind neutrino observatory projects admitted, though, that it’s impossible to predict the practical, earthly benefits of the research. You need a discontinuity,” said Mary Bishai, a particle physicist at the U.S. Energy Department’s Brookhaven National Laboratory and a co-spokesperson for the DUNE project.
Persons: antineutrinos —, Wang Yifang, antineutrinos, ” Wang, Xi Jinping, Eric Baculinao, “ It’s, , Chris Marshall, China —, Wang, , they’ve, ” Patrick Huber, Ignacio Taboada, — it’s, , Sergio Bertolucci, We’ve, JUNO, Pedro Ochoa, you’ll, Mary Bishai Organizations: China’s Institute of High Energy, Workers, NBC, University of Rochester, U.S, NBC News U.S, Virginia Tech’s Center, Neutrino Physics, Georgia Tech, JUNO, University of California, U.S . Energy, Brookhaven National Laboratory Locations: Japan, U.S, Illinois, North Dakota, China, Italian, South Dakota, Irvine, Brookhaven
Michigan:Mail ballots: Larger Michigan jurisdictions can begin processing mail ballots on Oct. 28, giving election officials a much-needed early jump on verifying mail ballots. North CarolinaMail ballots: Mail ballots must be received by Election Day and are partially processed throughout October. PennsylvaniaMail ballots: Election officials must receive mail ballots by the close of polls on Election Day. Provisional ballots: County boards must review and decide whether to count provisional ballots within a week of the election. WisconsinMail ballots: Mail ballots must be received on Election Day at the latest.
Persons: couldn’t, Provisionals, they’ll Organizations: NBC, Arizona, Georgia, Nevada, North Carolina, Pennsylvania, Wisconsin Locations: Arizona, Georgia, Michigan, Wisconsin
“Joe Biden should be ashamed of himself, if he knows what he’s even doing,” Trump said from the garbage truck. Former President Donald Trump held a press conference from inside a garbage truck at Green Bay Austin Straubel International Airport on Wednesday. Rep. Adam Schiff, D-California, attended the Harris rally after stumping on the trail with Baldwin. He sidestepped a question about Biden’s remarks on Tuesday and Trump’s garbage truck gag response, saying he wasn’t focused on the matter. But to Harris supporters, Trump’s outrage over Biden’s comments rang hollow.
Persons: Trump, Joe Biden, Kamala Harris, Biden, Harris, Hillary Clinton, Puerto Rico ”, Tony Hinchcliffe, “ Joe Biden, ” Trump, Donald Trump, Chip Somodevilla, Brett Favre, , , Favre, Elon Musk, “ I’m, ” Harris, Tony Evers, Sen, Tammy Baldwin, Gracie Abrams —, Abrams, Mumford, Walz, ” Kamala Harris, Morry Gash, Adam Schiff, Baldwin, Schiff, wasn’t, Charles Franklin, Linda Gator, “ You’ve, he’s, Cyrus Obut, ” Obut Organizations: University of Wisconsin, Trump, White, Madison, Green Bay Austin, Green, Green Bay Packers, Gov, Sons, Badgers, Harris, NBC News, Washington , D.C, Marquette University Law School, Marquette Law Locations: GREEN, Wis, , Green Bay, Madison, battlegrounds, . Wisconsin, Wisconsin, Milwaukee, Puerto Rico, North Carolina, Green, Mississippi, United States, Gaza, California, Washington ,, Sheboygan
SEOUL, South Korea — North Korea test-fired a suspected long-range ballistic missile that is designed to strike the continental United States, its neighbors said Thursday, days before the U.S. presidential election. This would be the first ICBM launch since December for North Korea, a reclusive nuclear-armed state that has been ratcheting up its rhetoric against the U.S. and its allies South Korea and Japan. Japanese Defense Minister Gen Nakatani later said the missile fell into the sea off North Korea’s east coast around 8:37 a.m. He said the launch time of 86 minutes would be the longest ever for a North Korean missile test, and that it could be a new type of missile. North Korea has said the deployment is a “rumor,” while Russian President Vladimir Putin did not deny the reports when asked about them by NBC News last week.
Persons: Gen Nakatani, Sean Savett, , Vladimir Putin, Lloyd Austin, Kim Yong, Austin, Stella Kim, Arata Yamamoto, Jennifer Jett Organizations: U.S, Korea’s, Chiefs, Staff, Japanese, Korean, National Security, United Nations, Pacific Command, South Korea’s Defense Intelligence Agency, Officials, NBC, Defense, Ukrainian Locations: SEOUL, South Korea, North Korea, United States, Japan, Pyongyang, U.S, Korea, Moscow, Russia’s Far, Ukraine, The U.S, Russia, Washington, Korean, Seoul, Oshu City, Hong Kong
One basis point is equivalent to 0.01%. The 10-year Treasury yield was less than one basis point higher at 4.27%. The 2-year Treasury note yield added one basis point to 4.16%. U.S. Treasury bond yields rose as traders reviewed the gross domestic product reading for the third quarter and looked ahead to key inflation data out later in the session. A report on weekly jobless claims and the third-quarter reading on the employment cost index are also scheduled for release on Thursday.
Persons: Dow Jones Organizations: U.S, Treasury, Federal, Traders, Fed Locations: U.S
The new year is commencing with most sectors — and stocks — being overvalued, according to Kotak's analysts. Here are four buy-rated Indian stocks with over 30% potential upside that analysts are betting on this Diwali. Kotak has a 12-month target price of 2,140 Indian rupees ($25.45) on the stock, implying around 40.8% potential upside. Other factors in its favor include regulatory tailwinds promoting recycling and the formalization of reverse charge mechanism on metal scrap, Kotak's analysts wrote in a Sept. 30 note. "SHK['s] tiny relative to global majors, but its technical capabilities are reputable," Kotak's analysts wrote in their Sept. 30 re-initiation report.
Persons: Kotak, Kelkar, Gabriel India, Organizations: South, Kotak Securities, Bombay Stock Exchange, Industries Fiem Industries, India's National Stock Exchange, Company, BSE, Anand, Gabriel Locations: India, automotives
When you view your credit score, you're likely to see a different three-digit number depending on whether you checked your score online, on your banking app or via another means. Although you have multiple credit scores, they're mainly calculated by two companies: VantageScore and FICO, which are the two main credit scoring systems used by the majority of lenders to evaluate how well you're managing your credit. "Think of those like Coke and Pepsi," John Ulzheimer, a credit expert who formerly worked for FICO and Experian, tells CNBC Make it. And your credit history needs to be at least six months long in order for FICO to generate your score. Although FICO scores are also used by lenders when you apply for credit, a mortgage or an auto loan, FICO weighs the factors it uses to calculate its credit scores differently.
Persons: John Ulzheimer, VantageScore, FICO, Matt Schulz, LendingTree's, Schulz Organizations: Pepsi, FICO, CNBC Locations: U.S
The anti-aging market is littered with innovative products and procedures that promise consumers a healthier, happier, longer life. But prolonging your life isn't only about physical fitness: a near 90-year-long study from Harvard University found that those who live happier, longer lives have good relationships. If you want to live longer and feel more fulfilled you probably don't need lasers or freezers. 30 essential tips for living a longer, happier, more successful life1. If you can't drive, don't live somewhere where the doctor is a 30-minute car ride away.
Persons: superagers, dieticians, Warren, Buffets, Valter Longo, David Watson, Warren Buffet, Neil Paulvin, Danielle Miura, Mark La Spisa, García, Francesc Miralles, Charlie, Munger, Warren Buffett, it's, Thema Bryant Organizations: Harvard University, Italy —, Cancer Laboratory, IFOM, of Oncology, University of Notre Dame, GameStop Locations: New York City, Blue, Okinawa, Japan, Sardinia, Italy
Kazuo Ueda, governor of the Bank of Japan (BOJ), speaks during a news conference at the central bank's headquarters in Tokyo, JapanAsia-Pacific markets are set for a mixed open on Thursday as investors look to the Bank of Japan's rate decision, as well as key business activity figures from China. Economists polled by Reuters expect the BOJ will hold rates at 0.25%, although the statement will be parsed for any clues on the timing of its next rate hike. In China, the National Bureau of Statistics is set to release the country's official purchasing managers index numbers for September, with the manufacturing PMI forecast to come in at 49.9, a softer contraction than the 49.8 the month before. Still, that would be the sixth straight month of contraction for the country's manufacturing sector.
Persons: Kazuo Ueda Organizations: Bank of Japan, Bank of, Reuters, National Bureau, Statistics Locations: Tokyo, Japan Asia, Pacific, China
Israel's weapon of choice in its attack on Iran was the air-launched ballistic missile. Their weapon of choice: Air-launched ballistic missiles. The Israeli Air Force's use of various ALBMs suggests some middle ground was ultimately reached. While Israel does have an arsenal of land-based Jericho intermediate-range ballistic missiles (IRBMs), these are reserved for nuclear strikes. Israel designed its Sparrow missiles to simulate Iraqi Scud and Iranian Shahab ground-launched missiles for testing its Arrow interceptor missiles, which successfully intercepted most of the incoming Iranian ballistic missiles fired at Israel on October 1.
Persons: , Freddy Khoueiry, RANE, Air LORA, Sebastien Roblin, Roblin, Federico Borsari, ALBMs, Borsari, Israel, Avigdor Lieberman, RANE's Khoueiry Organizations: Service, Air, IDF, Rampage, Centre for, Haaretz Locations: Iran, Israel, Iraq, East, North Africa, Tehran, Khuzestan, Ilam, Tehran province
Coinbase Global's latest earnings were even weaker than expected, but with an eye toward next week's election and its effect on cryptocurrency markets, many analysts on Wall Street say the exchange is still a buy. Coinbase also warned that an October drop in the price of ether could offset growth in nontrading revenue in the current quarter. Coinbase tumbled as much as 8.6% in early trading Thursday, touching a low of $193.56. The election outcome at one point was widely viewed as a key catalyst for the price of bitcoin. On the earnings call, CEO Brian Armstrong said he expects to see "the most pro-crypto Congress ever" next year.
Persons: Coinbase, Joseph Vafi, Genuity, Citigroup's Peter Christiansen, Christiansen, , Brian Armstrong, Piper Sandler, Patrick Moley, — CNBC's Michael Bloom Organizations: Wall, White House, Citi, Canaccord, Bank of America, SEC Locations: U.S, .
Merck on Thursday reported third-quarter revenue and adjusted earnings that topped expectations as the company saw strong sales from its top-selling cancer drug Keytruda, recently launched treatments and its animal health business. But Merck's vaccine that prevents cancer from HPV, the most common sexually transmitted infection in the U.S., posted another quarter of lighter-than-expected sales. Revenue from the shot, Gardasil, fell 11% compared to the year-earlier period, mainly due to lower demand in China. The company booked $16.66 billion in revenue for the third quarter, up 4% from the same period a year ago. The loss of exclusive rights to the medicine will likely cause sales to fall, forcing the company to draw revenue from elsewhere.
Persons: Keytruda, Curon, Merck Organizations: Merck, LSEG Locations: Rahway , New Jersey, U.S, China
Democrats have a big enthusiasm advantage over Republicans in the 2024 election, per Gallup. But polling in key swing states continues to show a tight race between Harris and Trump. AdvertisementWith just five days to go until Election Day, Democrats appear to have a significant advantage over Republicans when it comes to voter enthusiasm. Just before the 2012 election, Republicans boasted a 12-point enthusiasm advantage over Democrats, but Mitt Romney still lost to Obama. AdvertisementThough a better measure than voter enthusiasm, polling also has its pitfalls.
Persons: Harris, , Barack Obama, Mitt Romney, Kamala Harris, Donald Trump, Trump Organizations: Gallup, Trump, Service, Democratic, GOP, Electoral College, Democrats, Obama, Washington Post, Electoral Locations: Michigan, Gaza, Pennsylvania, Wisconsin, Arizona, Nevada, North Carolina, Georgia, In Nevada
Safe-haven gold on track for best month in seven
  + stars: | 2024-10-31 | by ( ) www.cnbc.com   time to read: +2 min
Gold Bullion from the American Precious Metals Exchange seen in this picture taken in New York on Sept. 15, 2011. Gold prices climbed to a record high on Thursday and were headed for their best month in seven on safe-haven demand ahead of the U.S. presidential election, while investors awaited U.S. inflation report for clues on the interest rate path. Spot gold was steady at $2,786.89 per ounce, as of 0254 GMT, after hitting a record high of $2,790.15 earlier in the session. "Traders want to buy gold whether it rises or falls, and that has kept retracements small and consolidations tight. All three metals were on track for a monthly gain.
Persons: Donald Trump, Kamala Harris, Kyle Rodda, Matt Simpson, Bullion Organizations: Precious Metals, U.S, Republican, Democratic, Trump, Capital.com, Index Locations: New York, U.S, United States, Index ., China
Uber's stock fell Thursday after the ride-share company reported mixed third-quarter results. Uber is "pretty optimistic" about key US market going forward, CEO says. AdvertisementUber took a hit Thursday after the ride-hailing and delivery company reported mixed third-quarter results. The company reported gross bookings of $41 billion in the quarter, up 16% from the same period last year. Uber is "pretty optimistic" in general in terms of the US going forward, he said.
Persons: Gross, , Uber, Dara Khosrowshahi, Prashanth Mahendra, Rajah, Khosrowshahi Organizations: Service, Bloomberg, CNBC
Trump's plans could mean tax hikes for lower earners; Harris' proposals would target higher earners. This is the fourth in a five-part series about the impacts either a Trump or a Harris presidency could have on US consumers. Trump has proposed extending his slew of tax cuts from the Tax Cuts and Jobs Act of 2017 — also known as the "Trump tax cut." But another part of Trump's tax policy — his plan to levy universal tariffs on all US imports — could end up undercutting this positive impact. AdvertisementTrump has floated lifting the $10,000 cap on the State and Local Tax deduction, known as SALT, from his 2017 tax bill.
Persons: Trump's, Harris, , you'll, Trump, He's, Garrett Watson, Harris hasn't, she's, Benjamin Page, Biden, Walz, Ernie Tedeschi, Watson, Tedeschi Organizations: Service, Business, Trump, Social Security, Taxation, Economic, Tax Foundation, State and, Urban, Brookings Tax, Yale Budget Lab, White House Council, Economic Advisers, Finance Locations: California , New Jersey, New York, Congress
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