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Italy makes it illegal to seek surrogacy abroad
  + stars: | 2024-10-16 | by ( ) www.nbcnews.com   time to read: +2 min
ROME — Italy’s parliament made it illegal on Wednesday for couples to go abroad to have a baby via surrogacy — a project of Prime Minister’s Giorgia Meloni party which activists say is meant to target same-sex partners. The upper house Senate voted into law a bill proposed by Meloni’s Brothers of Italy party by 84 votes to 58. “Motherhood is absolutely unique, it absolutely cannot be surrogated, and it is the foundation of our civilization,” Brothers of Italy senator Lavinia Mennuni said during the parliamentary debate. “We want to uproot the phenomenon of surrogacy tourism.”Earlier this year, Meloni called surrogacy an "inhuman" practice that treated children as supermarket products, echoing a position expressed by the Catholic Church. Here instead you are sent to jail... if you don’t have children in the traditional way,” Franco Grillini, a long-time activist for LGBTQ rights in Italy, told Reuters at the demonstration.
Persons: ROME —, Minister’s Giorgia, Meloni, Meloni’s Brothers, , Lavinia Mennuni, ” Franco Grillini, Alessia Crocini Organizations: Catholic Church, Reuters, Rainbow Locations: Italy, United States, Canada
The Federal Trade Commission is announcing a finalized rule to make it easier for people to cancel subscriptions and memberships they just don’t want anymore. When the proposed rule was announced last year, Khan said, the agency got about 16,000 comments expressing how canceling subscriptions had become a headache at best. Khan and the FTC have already taken legal action against Amazon’s Prime division over accusations that it is luring customers into subscriptions that the FTC alleges are extraordinarily difficult to cancel. “Some members have the ability to cancel their membership online based on their membership type and location of their home club,” it said. Nelson said she’d be grateful for the changes Khan and the FTC are proposing.
Persons: Lina Khan, Khan, we’ve, , ” Khan, that’s, , Haley Nelson, didn’t, Nelson, she’d, it’s Organizations: Federal Trade Commission, U.S . Chamber of Commerce, , FTC, Amazon’s, Amazon, NBC News, Fitness Locations: U.S, Minnesota
• Harris’ media blitz: Vice President Kamala Harris will sit down with Fox News anchor Bret Baier on Wednesday. • Trump town halls: In a pre-recorded Fox News town hall airing Wednesday, former President Donald Trump called himself the “father of IVF” while speaking to an all-female audience. Later today, he will participate in a town hall hosted by Univision in Miami as he looks to gain ground with Latino voters. • Early voting: Early in-person voting is kicking off today in Iowa, Kansas, Oregon, Rhode Island and Tennessee. • What to know before you cast your vote: Read CNN’s voter handbook to see how to vote in your area, and read up on the 2024 candidates and their proposals on key issues.
Persons: • Harris, Kamala Harris, Bret Baier, Harris, , Donald Trump Organizations: Fox News, Fox, Univision, CNN, Trump, Locations: • Trump, Miami, Iowa , Kansas , Oregon, Rhode Island and Tennessee, Georgia
The Biden administration threatens to restrict military assistance to Israel over conditions in Gaza. The arrest of a deaf Black man with cerebral palsy in Arizona draws national attention. Harris also tried to belittle Trump, which could be an attempt to chip away at his appeal among male voters. She has ramped up efforts this week to appeal to Black male voters in particular. ➡️ “While Biden isn’t on the ballot anymore, voters are certainly feeling his presence,” NBC News chief political analyst Chuck Todd writes.
Persons: Biden, Omar Al, Yaov Gallant, Ron Dermer, Antony Blinken, Lloyd Austin, Israel, ” Harris, Trump, , Kamala Harris, Donald Trump, Vladimir Putin, Charlamagne Tha, Harris, , Putin, Bob Woodward, belittle Trump, Read, ➡️ Trump, Michelle Obama, Hakeem Jeffries, Republican Sen, Ted Cruz, Colin Allred, ➡️ “, Chuck Todd, ➡️ Harris, Tyron McAlpin, McAlpin, Rachel Mitchell, , Menendez, Hurricane, Adriana Lima, Tyra Banks, Kate Moss, Khaled Desouki, Ramesses the, — Nick Duffy, Elizabeth Robinson Organizations: Biden, Getty, Israeli Defense, Strategic, U.S . State Department, Department, Americans, Trump, Fox, ➡️, Democratic, Republican, U.S, NBC, Phoenix, Phoenix Police Department, Kroger Locations: Israel, Gaza, Arizona, AFP, U.S, Iran, Lebanon, Georgia, , Texas, Oklahoma, Maricopa County, Los Angeles, Asheville, Nashville, Egypt
In the most recent NBC News poll, 54% of respondents say they disapprove of the job Biden is doing. In fact, Biden is now more personally unpopular than either Harris or Trump. Between now and Election Day, I do expect Harris to find more ways to differentiate herself from Biden. If that’s a Biden “hangover” that ends up hurting Trump more than Biden, it means team Harris effectively weaponized his age. In this most recent poll, Trump was losing the core Democratic states by only 13 points.
Persons: Biden, Joe Biden’s, Donald Trump, Kamala Harris, , couldn’t, Biden isn’t, it’s, Let’s, Harris, haven’t, , , John Kerry, Kerry, George W, Trump, George H.W, George H.W . Bush, Richard Nixon, Hubert Humphrey, Al Gore, Gore, Humphrey, Nixon, that’s, Nate Cohn Organizations: White House, Biden, NBC, GOP, Democratic, Trump, The New York Times, Electoral College, Electoral Locations: Iraq, George H.W .
Republican Sen. Ted Cruz and Democratic Rep. Colin Allred traded quippy one-liners and clashed over policy Tuesday at their first and only debate in a Texas Senate race debate that both candidates agree is up for grabs. Cruz presented himself as a conservative who “will fight to keep Texas Texas,” while Allred cast Cruz as a do-nothing extremist who has not delivered for the state in his 12 years in the Senate. “When the lights went out in the energy capital of the world, he went to Cancún. If those two seats change hands to the Republican Party, Democrats will face long odds of keeping control of the chamber. Cruz went on offense over energy and blamed Democrats for inflation.
Persons: Sen, Ted Cruz, Colin Allred, quippy, Cruz, , Allred, , ” Allred, ” Cruz, Allred’s zingers, Congressman Allred, Allred’s, he’s, Roe, Wade . Cruz, didn’t, sidestepped Organizations: Democratic, Texas Senate, Capitol, United States Senate, Republican, University of Houston, Marist College, Republican Party, NFL, U.S Capitol Locations: Texas, Texas Texas, Cancún, Mexico, West Virginia, Montana, Cruz
NASA says the sun is in the highly active "maximum phase" of its 11-year solar cycle. That means there will probably be big solar storms bringing beautiful aurora in the next year or so. Solar eruptions can also disrupt GPS, delay flights, and even knock out power grids. NASA announced Tuesday that the sun is in the "maximum phase" of its 11-year solar cycle, which basically means it's hyperactive. National Weather Service in Shreveport, LABut solar eruptions can also endanger satellites, astronauts, and even power grids here on Earth.
Persons: , Kelly Korreck, Morgan McFall, Johnsen, Elsayed Talaat, Bill Murtagh, Murtagh, Lisa Upton, they'd, it's, Upton Organizations: NASA, Service, National Weather Service, NASA's, National Oceanic, Atmospheric Administration, NOAA, Prediction Locations: Arizona, California, Shreveport , Louisiana, Shreveport, LA, NASA's Heliophysics, Sweden, Arkansas, San Francisco
The stock market is the most expensive it's been in decades, said billionaire David Einhorn. Warren Buffett's stock sales indicate that now is not time to be heavily invested in equities, his firm Greenlight Capital said in a letter. AdvertisementInvestors are fueling what looks like the most expensive stock market in decades, billionaire investor David Einhorn wrote in his hedge fund's quarterly letter. The fund noted that now is likely not a good time for high equity exposure, and cited Buffett's stock sales to make this point. According to Greenlight, these sales signal that high equity exposure might be best be held off until a better opportunity emerges in the not-so-distant future.
Persons: David Einhorn, Warren, Greenlight Capital, Greenlight, , Warren Buffett, Buffett, Berkshire Hathaway Organizations: Greenlight, Service, Green Brick Partners Locations: Berkshire, Omaha
Fully 90% expect a "soft landing," or "no landing" at all (i.e. That's not the case here: the Fed is cutting rates going into, at worst, a soft landing, which is very unusual. The S & P 500 was up 2.0% in September and is higher by 0.9% so far in October. Historically, the S & P tends to rise beginning in the last week of October and through November and December. Goldman Sachs noted that, since 1928, the median S & P 500 return from October 15 to December 31 has been 5.17%.
Persons: That's, Alicia Levine, BNY, Goldman Sachs, Goldman, buybacks, Stocks, there's, AAII, BofA Organizations: America, Trump, Bank of America Global Fund, Survey, Fed, buybacks, American Association of Locations: U.S, frothy
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGreat risks to the downside as U.S. markets trade at record highs, CIO saysFreddie Lait, chief investment officer at Latitude Investment Management, comments on the disparity between "benign" top-down data and waning consumer demand.
Persons: Freddie Lait Organizations: Latitude Investment Management
In 1996, the Menendez brothers were convicted and sentenced to life in prison without the possibility of parole for the murders of their parents, Jose and Kitty, in their Beverly Hills home. Erik Menendez, left, is seen on October 31, 2016, and Lyle Menendez is seen on February 22, 2018, in photos provided by the California Department of Corrections and Rehabilitation. In the letter, Erik Menendez wrote, “I’ve been trying to avoid dad. He told ABC his office is expected to make a decision on the Menendez brothers’ sentence sometime this month. The case has reemerged following last month’s release of the Netflix series,“Monsters: The Lyle and Erik Menendez Story.” Netflix also this month released a documentary on the Menendez case featuring both men discussing what led to the murders.
Persons: Lyle, Erik Menendez, Menendez, Kitty, they’ve, Jose Menendez’s, George Gascón, Erik, Lyle’s, Karen Vander MolenCopley, , ” MolenCopley, Lyle Menendez, MolenCopley, Gascón, “ I’ve, Andy, ” Gascón, Loni Coombs, CNN’s Jim Acosta, ‘ I’m, , Coombs Organizations: CNN, Los Angeles District, ABC, California Department of Corrections, Rehabilitation . California Department of Corrections, Rehabilitation, Netflix, Former Los Angeles Locations: Angeles County, Beverly
NEW YORK, NEW YORK - OCTOBER 16: Traders and others work on the New York Stock Exchange (NYSE) floor in New York City. U.S. stock futures hovered near the flatline Wednesday evening after the Dow Jones Industrial Average closed at a record for the second time this week. Futures tied to the S&P 500 and Nasdaq 100 futures fell around 0.1% each. The S&P 500 rose 0.47%, while the tech-heavy Nasdaq Composite added 0.28%. On the economic front, traders will be looking toward weekly jobless claims and September's retail sales due on Thursday.
Persons: Adam Crisafulli, It's, Morgan Stanley, Blackstone Organizations: NEW, Traders, New York Stock Exchange, Dow Jones, Dow, Nasdaq, Alcoa, Transport, CSX, Vital Knowledge, Travelers, Elevance, T Bank, Truist Locations: New York City . U.S
Stocks rose on Wednesday after traders took in a handful of strong corporate earnings reports. Chip stocks wavered after Tuesday's selloff, with eyes on TSMC ahead of earnings. AdvertisementUS stocks rose on Wednesday as traders took in strong earnings results to bounce back from a sell-off in the chip sector in the previous session. Stocks, though, are on par for another strong quarter of earnings results. The S&P 500 is on track to report 7% year-per-year earnings growth for the third quarter, according to estimates from FactSet.
Persons: Morgan Stanley, Tuesday's selloff, , ASML Organizations: United Airlines, Service, Dow Jones, Micro Devices, Investors, Nvidia Locations: FactSet, Here's
A number of bank research desks have raised their S&P 500 price targets in recent weeks. AdvertisementThe bull market hasn't weakened in the fourth quarter, and top bank research desks have been rushing to raise their S&P 500 price targets into year-end. AdvertisementBelski said his upgrade was based on strong market gains so far this year, which he says typically leads to stronger-than-normal gains in the fourth quarter. Lakos-Bujas kept his 4,200 price target for the S&P 500 unchanged, though. AdvertisementThe more upbeat 2024 forecasts come as the bull market charges on, with the S&P 500 up 3.2% in the last month and 22.6% this year.
Persons: , hasn't, Goldman Sachs, Jonathan Golub, Patrick Palfrey, David Kostin, Kostin, Brian Belski, Belski, Dubravko Lakos, Bujas Organizations: Service, UBS, BMO, Deutsche Bank, Bloomberg, Reserve
US stocks wavered on Wednesday as traders looked to recover from a sell-off in the chip sector. Morgan Stanley beat estimates on strong investment banking activity. AdvertisementUS stocks wavered on Wednesday as traders looked to recover from a sell-off in the chip sector and waited for another round of corporate earnings reports. The Nasdaq was down slightly as chip stocks struggled to recover from Tuesday's sell-off. Chip stocks stumbled in the previous session after ASML cut its sales guidance for 2025.
Persons: Morgan Stanley, , Wall Organizations: Service, Dow Jones, Nasdaq, AMD, Nvidia
Over the past month, the S & P 500 has climbed 3.2% to break above 5,800 for the first time. "Despite all the soft-landing and Fed rate cut optimism, the S & P 500 up almost 40% y/y has simply over-shot," he wrote in a note to clients. "S & P 500 over-valuation has been supported by (and fully reflects) the Fed likely cutting the real funds rate," he added. This summer, he said he expected the S & P 500 to fall to 5,000 by the fourth quarter. While not included in CNBC Pro's Market Strategist Survey , that forecast would mark Stifel as the second lowest among those surveyed.
Persons: Barry Bannister, Stifel, manias, Bannister Organizations: Federal Reserve, CNBC Pro's, Survey, Citi, Cisco Systems
Billionaire investor Stanley Druckenmiller said on Wednesday that his decision to sell out of Nvidia this year was a "big mistake." Druckenmiller's comments do not reflect Nvidia's 10-for-1 stock split, which went into effect in June. "It tripled in a year, and I thought the valuation was rich," Druckenmiller told Bloomberg. Druckenmiller told CNBC in May that Nvidia was "a little overhyped now, but underhyped long term." He added that he was introduced to Nvidia in 2022, when "I didn't even know how to spell it."
Persons: Stanley Druckenmiller, I've, , Druckenmiller, we've, we'd, financials Organizations: Nvidia, Bloomberg, Duquesne, Meta, Microsoft, CNBC
CNN —Jerry Seinfeld says he “officially” takes back his claim that the “extreme left” is suppressing the art of comedy. This is the result of the extreme left and P.C. Speaking to comedian Tom Papa on Tuesday’s episode of the Breaking Bread podcast, Seinfeld admitted that he “got it wrong” and it is “not true” that the extreme left has inhibited the art of comedy. You don’t make the gate, you’re out of the game. “I don’t think the … extreme left has done anything to inhibit the art of comedy.
Persons: Jerry Seinfeld, , reminisced, , , ‘ Mary Tyler Moore ’, there’ll, , Seinfeld, Tom Papa, you’re Lindsey Vonn, you’re, ” Seinfeld, Muhammad Ali, Sean Connery, Organizations: CNN, Yorker, New Yorker Locations: United States
CNN —The Buffalo Bills announced on Tuesday that they finalized a trade for wide receiver Amari Cooper from the Cleveland Browns, strengthening their offense for the rest of the season. The Bills received Cooper and a 2025 sixth-round draft pick with a 2025 third-round pick and a 2026 seventh-round pick heading to Cleveland in exchange. The 30-year-old is a five-time Pro Bowl selection and has 9,736 receiving yards and 62 touchdowns in his career. He has had six seasons with more than 1,000 yards receiving, including his last two full seasons in 2022 and 2023. Last season, Cooper recorded a career-high 1,250 receiving yards for a Cleveland team which lost in the first round of the playoffs.
Persons: Amari Cooper, Cooper, ” Cooper, Stefon Diggs, Diggs, Josh Allen, Sean McDermott, Cooper’s, ” McDermott, Adam Henry, “ Adam, Adam didn’t, ’ ” Cooper, Scott Galvin, , Andrew Berry, , Khalil Shakir, Keon Coleman, Dalton Kincaid, Dawson Knox, Davante Adams Organizations: CNN, Buffalo Bills, Cleveland Browns, Bills, Buffalo, Houston Texans, Oakland Raiders, Raiders, Dallas Cowboys, Browns, Cleveland, Reuters, ” Browns, NFL, AFC, New York Jets, Monday Locations: Cleveland, New York, Dallas, Alabama, Buffalo
Ark Invest's Innovation ETF realized $3.5 billion in losses in the fiscal year ending July 2024. AdvertisementCathie Wood's Ark Invest recently filed its annual report for its fiscal year ending July 31, and it reveals some steep losses. Ark's flagship Innovation ETF realized $3.5 billion in losses from July 31, 2023, through July 31, 2024. The Ark Innovation ETF is down 9% year-to-date and off 70% from its record high. AdvertisementHere are the stocks in Ark Invest's flagship ETF that saw the biggest realized losses for the fiscal year ending July 31.
Persons: Cathie Wood, , Wood, Ark's Organizations: Ark Invest, Service, Invest, Times, Veracyte, Beam Therapeutics, Teladoc
There's a lot to like about private credit these days, according to Nuveen. "The private credit run isn't over yet," Saira Malik, the asset manager's chief investment officer and head of equities and fixed income, wrote in a recent report. How to invest While private credit is largely seen as an instrument for institutional investors, individual investors have also been moving into the space. "Over the next 10 years, I think the story is going to be much more about the democratization of private credit." Meanwhile, A-shares of the Franklin BSP Private Credit Fund have a $2,500 minimum investment and a 8.96% annualized distribution rate, as of Oct. 15.
Persons: Saira Malik, Malik, Ken Kencel, Kencel, Credit's, Nuveen, Churchill's, BDC Organizations: Churchill Asset Management, Nuveen, Blackstone Private Credit Fund, Blackstone, Franklin BSP Private Credit Fund, Ares Capital Corp, Fund, Owl Capital Corporation, Lending Corp Locations: Franklin
Beijing's lack of concrete economic stimulus actions poured cold water on U.S. investors who went big on the China trade, and strategists on Wall Street are warning of disappointment ahead. The professional cohort had piled into beaten-down stocks last month, stirred by hopes of more government assistance for the troubled China economy. "Indeed, the only part of the Chinese economy that appeared to be holding was its export sector. Investor sentiment toward Chinese stocks was partly aided by high-profile hedge fund manager David Tepper of Appaloosa Management, who turned extremely bullish. Stanley Druckenmiller reportedly said he's not interested in Chinese stocks under the current political leadership, regardless of the new policies.
Persons: Stefano Pascale, Sameer Samana, Donald Trump, Barclays Pascale, David Tepper, Tepper, Ray Dalio, Stanley Druckenmiller, he's, — CNBC's Michael Bloom Organizations: Barclays, Trump, CSI, Appaloosa Management, CNBC Locations: China, Wells Fargo, Beijing
A contrarian sell signal recently flashed in the stock market, according to Bank of America. AdvertisementA sell signal in the stock market just flashed for the first time since February 2021, according to a note from Bank of America. The sell signal has typically preceded weak returns in the short term. The sell signal from Bank of America flashes at a time when stocks are trading near record highs. As to potential risks in the market, investors are most worried about geopolitical conflicts, which rose to 33% from 19% last month.
Persons: BofA, , Michael Hartnett, Jun, Hartnett Organizations: Bank of America, Service Locations: China
Ukraine CNN —The spluttering roar of a propeller punctuates the perfect silence. Serge said he had personally overseen more than 500 long-range drone attacks into Russia since its full-scale invasion of Ukraine in February 2022. CNN spent two days traveling across the country with the drone unit as it prepared to launch more than 100 drones overnight into September 29 on a mission into Russia. Sources told CNN in September that Tehran had recently completed the delivery of short-range ballistic missiles to Russia. In September, the unit’s drones hit a Russian ammunition depot between Moscow and St. Petersburg, in Tver region.
Persons: , Serge, GUR, Abbas Araghchi, Vladimir Putin, Vector, it’s, “ We’re, Putin, ” Serge, Sebastian Shukla, Daria Tarasova, CNN “, , Organizations: Ukraine CNN, CNN CNN, UAV Unit, CNN, Iran’s, Maxar Technologies, Maxar, Ukraine, Vector, Pilots, Russian Telegram, Russia –, Technologies Locations: Ukraine, GUR, Russia, Tehran, Iran, Kotluban, Volgograd, Russian, Moscow, St, Petersburg, Tver region, Toropets, United, Ukrainian, Ukraine’s, Donetsk, Luhansk, Kyiv, Russia – Voronezh, Yesk, Rostov, Voronezh
Deep-pocketed Republicans donors also tried to close the gap by boosting a GOP super PAC working to seize the Senate majority. America PAC has taken on a critical supporting role for the Trump campaign, according to its independent expenditure filings, which cover some spending beyond September 30. Tuesday’s filings show other conservative billionaires also plowing extraordinary sums into the effort to reelect Trump. Another leading pro-Trump super PAC, Restoration PAC, also reported a huge haul from a single major donor. Meanwhile, the Congressional Leadership Fund – the main super PAC supporting House Republicans – hauled in more than $81 million in the third quarter.
Persons: , Miriam Adelson, Elon Musk, Donald Trump’s, Adelson, – Musk, Richard Uihlein –, megadonors, Kamala Harris, Harris, Musk, Trump, reelect Trump, Sheldon, Uihlein, Ike Perlmutter, Laura, Biden, Michael Bloomberg, Reid Hoffman, Steve Mnuchin, Dana White, White, Chuck Schumer, JB Pritzker, Eric Schmidt, Reed Hastings, Ken Griffin, Elliott, Paul Singer, Stephen Schwarzman, Republicans –, Timothy Mellon, Montana Sen, Jon Tester, Ohio Sen, Sherrod Brown, Tim Sheehy, Brown, Bernie Moreno, Eric Hovde, Democratic Sen, Tammy Baldwin, Baldwin, Colin Allred, Sen, Ted Cruz, Cruz, Nathan L, Democrat Adam Gray, Michelle Steel, Democrat Eugene Vindman, Trump’s, Vindman, Mary Peltola, CNN’s Kristen Holmes Organizations: CNN, Trump, PAC, Federal, Commission, Adelson, Democratic, Republican, GOP, White, House . America PAC, America PAC, Preserve, America, Restoration PAC, FF PAC, FF, New York, LinkedIn, Republican National Convention, Fund, Illinois Gov, Netflix, Citadel, Elliott Management, Blackstone Group, Congressional, Republicans, The New York Times, Democrats, West, Senate, Ohio, – Rep, Democrat, Alaska Rep Locations: Pennsylvania, California, New York, Preserve America, Michigan, Wisconsin, Pennsylvania , Wisconsin, Georgia, Lago, Florida, Montana, Michigan , Pennsylvania, Arizona, Maryland, Republican, Texas, Virginia’s, District, Alaska
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