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☆ China needs more than rate cuts to boost economic growth
▼ + stars: | 2024-09-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Cfoto | Future Publishing | Getty ImagesBEIJING — China's slowing economy needs more than interest rate cuts to boost growth, analysts said. He expects Beijing will likely ramp up fiscal stimulus due to weak growth, despite reluctance so far. "The market is forming a medium to long-term expectation on the U.S. growth rate, the inflation rate. As for Chinese government bonds, Ding said the firm has a "neutral" view and expects the Chinese yields to remain relatively low. He pointed out that monetary easing still requires fiscal stimulus "to achieve the effect of expanding credit and transmitting money to the real economy."

Persons: Larry Hu, That's, Edmund Goh, Yifei Ding, Ding, CF40, Pan Gongsheng, Haizhong Chang, Chang Organizations: China Resources, Getty, BEIJING, People's Bank of China, Macquarie, U.S, of Finance, PBOC, Ministry of Finance, Fitch Locations: China, Nanjing, Jiangsu province, abrdn, Beijing, U.S, Invesco

☆ Shawn Stines: Kentucky sheriff accused of fatally shooting a judge will appear before judge today
▼ + stars: | 2024-09-25 | by ( Emma Tucker | ) edition.cnn.com time to read: +5 min

Letcher County Sheriff Shawn M. Stines, 43, was arrested at the county courthouse in Whitesburg Thursday on suspicion of fatally shooting District Judge Kevin Mullins, 54, in Mullins’ chambers. The hearing itself will be conducted by a judge in a Carter County courthouse, about 100 miles from the crime scene, according to court officials, with the Letcher County courthouse having been closed for days because of the killing. Stines’ job made him responsible for security at county courthouses, including the personal security of judges, according to the Kentucky Sheriff’s Association. Letcher County, Kentucky, District Judge Kevin R. Mullins Letcher County governmentStines and Mullins ate lunch together hours before the shooting, Circuit Court Clerk Mike Watts told CNN affiliate WKYT. The lawsuit alleges the sexual allegations against the deputy “were not appropriately investigated by Sheriff Stines,” who fired the deputy in 2022.

Persons: Shawn M, Kevin Mullins, Mullins, –, Stines, He’s, Matt Gayheart, Gayheart, Kevin R, Mike Watts, ” Watts, WKYT, We’ve, I’ve, ”, “, Sheriff Stines, Jonathan Shaw, ‘, Wallace Kincer, Matt Butler, Butler, ” Butler, General Russell Coleman’s, Jackie Steele, ” Mullins, CNN’s Andy Rose, Dalia Faheid, Dakin Andone Organizations: CNN, Kentucky Sheriff’s Association, Kentucky State Police, WKYT, Stines, Letcher County Public Schools Locations: Kentucky, Letcher County, Leslie County, Carter, Letcher, Letcher County , Kentucky, Mullins Letcher, ’

☆ Gold’s hitting new records again. Here’s what it means for the economy
▼ + stars: | 2024-09-25 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

Gold, traditionally perceived as a haven, has climbed roughly 30% this year, outperforming the benchmark S&P 500 index’s 20% gain. Fresh consumer confidence data on Tuesday indicated that Americans are feeling pessimistic about the US economy and future of the job market. JPMorgan Chase researchers said in a note on Monday that they expect the yellow metal to continue running toward their 2025 target price of $2,850 an ounce as the Fed brings down rates. Silver, another precious metal that tends to move in tandem with gold, has jumped roughly 34% this year, outperforming the yellow metal. New moves from China to revive its economy also has the potential to lift precious metals, said Rhind.

Persons: Jerome Powell, ”, Kristina Hooper, JPMorgan Chase, “ There’s, Will Rhind, Rhind Organizations: New, New York CNN, Federal Reserve, Traders, JPMorgan, Treasury, GraniteShares, Citi Locations: New York, China, Turkey, India, China’s

☆ Boomers Regret Not Taking Sick Days, Time Off From Work Like Gen Z
▼ + stars: | 2024-09-25 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

"I was sort of raised that you do a hard day's work and you're honest, and things will work out for you — it's a two-way street between you and your employer," he says. After publishing the article about Gen Z's predisposition to take time away, I got a lot of feedback from older generations. Some of it was predictable "the kids these days" complaints lamenting that nobody wants to work nowadays, that work ethic has disappeared, etc. "When you work for yourself, you're working for one of the biggest jerks you've ever worked for," he said. None of the boomers I talked to was in favor of people calling out of work willy-nilly.

Persons: Ron Sherman, Sherman, Gen, youngs, wasn't, Zoomers, who's, they're, It's, millennials, David Johnston, Johnston, You've, he'd, There's, Dave Kotwitz, Kotwitz, Charlie Stuart, He'd, David Vequist, Paul Miola, Miola, boomer, Xers, Chris Woods, they'd, Woods, that's, willy, nilly, it's, you'd, Emily Stewart Organizations: American, Silvis, Business Locations: Wisconsin, Texas, Charlotte , North Carolina

☆ European markets sober up after getting a Chinese stimulus boost
▼ + stars: | 2024-09-25 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

A balcony above a trading floor inside the Euronext NV stock exchange in Paris, France, on Monday, March 13, 2023. LONDON — European stocks are expected to open in negative territory Wednesday, paring gains from the previous session on the back of Chinese stimulus measures. The U.K.'s FTSE index is expected to open 46 points lower at 8,237, Germany's DAX down 49 points at 18,924, France's CAC 40 down 27 points at 7,568 and Italy's FTSE MIB down 181 points at 33,686, according to data from IG. European stocks traded higher Tuesday, buoyed by China's central bank monetary stimulus measures with mining, technology and household goods the best-performing sectors. Positive sentiment in Europe comes after Asia-Pacific markets climbed Tuesday after Beijing's announcement of a range of policy easing measures aimed at stimulating the economy.

Persons: Germany's DAX Organizations: LONDON, CAC, IG Locations: Paris, France, Europe, Asia, Pacific

☆ I live in Australia, and my partner lives in the US. Long distance is hard — especially when I was detained and deported at the border.
▼ + stars: | 2024-09-25 | by ( Ree Winter | ) www.businessinsider.com time to read: +4 min

Read previewI met my partner in New Orleans right before COVID changed everything, and I never thought our relationship would involve dealing with international borders and visa rules. Spending my 50th birthday alone in Australia after getting deported was devastating. Related storiesWhen I finally returned to the US with the correct visa, I thought the worst was behind me. AdvertisementLiving between two countries comes with its own set of challenges, and the trauma of being deported has only made it harder. Rene and I have had to learn to cope with constant travel, time apart, and the fear of facing immigration again.

Persons: —, COVID, Rene, weren't, wouldn't, hasn't, We've Organizations: Service, Mardi, Business Locations: New Orleans, Australia, Honolulu

☆ About 45% of Americans will run out of money in retirement, including those who invested and diversified. Here are the 4 biggest mistakes being made.
▼ + stars: | 2024-09-25 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. According to a simulated model that factors in things like changes in health, nursing home costs, and demographics, about 45% of Americans who leave the workforce at 65 are likely to run out of money during retirement. When you have more leisure time on your hands, more money goes toward entertainment and travel, especially in the first few years of retirement. The outcome is a higher withdrawal rate, which can push you into a higher tax bracket, he noted. "People don't take into account how expensive things get over time, not realizing that they can live another 40 years in retirement.

Persons: —, Spencer Look, they're, JoePat Roop, Roop, Bob, would've, it'll, Gil Baumgarten, Baumgarten, it's Organizations: Service, Morningstar's Center for Retirement, Business, Belmont Capital Advisors, IRA, IRS, Wealth Management Locations: breakeven

☆ We're trimming 3 winning stocks as the market settles into overbought territory
▼ + stars: | 2024-09-25 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

Following the trade, Jim Cramer's Charitable Trust will own 265 shares of META, decreasing its weighting to 4.4% from 4.56%. As a result, the market is now overbought, with the S & P Short-Range Oscillator climbing to 7.36% as of Tuesday's close. (Anything above a plus 4% indicates the market is overbought; anything below a minus 5% indicates the market is oversold.) META YTD mountain Meta Platforms YTD We're inclined to do some profit-taking. We upgraded Meta shares to a 1 rating on Aug. 2, and they are up roughly 17% since then.

Persons: Jim Cramer's, it's, Jim Cramer, Jim Organizations: Danaher, Federal Reserve, Nasdaq, Dow Jones, Justice, Google, CNBC Locations: China

☆ I had $1 million in the bank at 36. When I turned 40, I vowed to pursue my passions instead of running a billion-dollar company.
▼ + stars: | 2024-09-25 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. After graduation I was hired by McKinsey & Company, a management consulting firm, where I was a business analyst. I traveled the globe as an exec, but returned home for the Renaissance fair every yearI first went to a Renaissance faire on a middle school field trip. Courtesy of George ApplingFrom 2015 to 2018 I had a foot in both worlds: running the faire while also launching a tech company. But the most important thing to me is the joy that the faire and its summer camp bring to people.

Persons: —, George Appling, I'd, Sherwood, I've Organizations: Service, Texas, Business, McKinsey & Company, Harvard, Texas Renaissance, Mobile World Locations: Texas, Australia, England, Russia, Sherwood, Austin, Barcelona

☆ 2 passengers were injured when United Airlines pilots responded to an inflight collision warning
▼ + stars: | 2024-09-25 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Read previewThe FAA has opened an investigation after two passengers were injured when a United Airlines plane responded to an alert from a midair collision system. AdvertisementThe FAA said in a statement that the flight responded to an onboard alert about another aircraft in the vicinity. The Traffic Alert and Collision Avoidance System (TCAS) helps prevent midair collisions by monitoring the surrounding airspace and alerting pilots about nearby aircraft. The system sounds an alarm in the cockpit, and the pilots notify the air traffic controller that they are responding to a TCAS alarm, Kevin Karpé, a former air traffic controller and air traffic manager, previously told Business Insider. However, last year, concerns rose about a spike in the number of collision close calls taking place in the US.

Persons: —, Kevin Karpé, Karpé, it's Organizations: Service, FAA, United Airlines, San Francisco International Airport, Business, Boeing, The New York Times, The Times Locations: Newark

☆ Trump Media stock pops 11% as DJT looks to claw back from post-lockup sell-off
▼ + stars: | 2024-09-25 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

DJT stock rose at the opening bell and popped higher around 10 a.m. Trump Media closed more than 5% higher Tuesday, snapping a six-day losing streak. Stock Chart Icon Stock chart icon Trump Media (DJT) Stock PriceTrump Media shares at Monday's close were at their lowest in the roughly six months since the company went public after merging with a blank-check firm. Some experts still see Trump Media, which currently boasts a market cap of more than $2.5 billion, as highly overvalued. Trump Media continued to slide ahead of the expiration of lockup agreements that had barred Trump and other company insiders from selling their shares.

Persons: Anna Barclay, Donald Trump, Trump, Joe Biden, Kamala Harris, Biden Organizations: Getty Images Trump Media, Trump Media, Truth, Price Trump Media, Republican, Trump Locations: Monday's

☆ NFL Week 3 takeaways: Bills and Chiefs on collision course?
▼ + stars: | 2024-09-25 | by ( Ben Morse | ) edition.cnn.com time to read: +17 min

Matt Slocum/AP Kansas City Chiefs quarterback Patrick Mahomes runs the ball against Cincinnati Bengals cornerback Dax Hill during the Chiefs' 26-25 victory in Kansas City, Missouri, on Sunday, September 15. Ken Blaze/USA Today Sports/Reuters Washington Commanders running back Brian Robinson Jr. breaks a tackle from Tampa Bay Buccaneers linebacker K.J. Ed Zurga/AP Kansas City Chiefs quarterback Patrick Mahomes scrambles during the game against the Baltimore Ravens in Kansas City, Missouri, on September 5. Charlie Riedel/AP The best photos from the 2024 NFL season Prev NextAre the Bills and Chiefs on an AFC Championship collision course? Through three weeks, the Buffalo Bills and the Kansas City Chiefs look like the teams to beat in the NFL.

Persons: Damar Hamlin, Bryan M, Bennett, Sam Darnold, Johnny Mundt, Stephen Maturen, Calvin Austin III, Brandon Sloter, John Amis, Aaron Jones, Stacy Bengs, Dak Prescotts, Cooper Neill, Allen Lazard, Alex Austin, Brad Penner, Darnell Mooney, Matt Slocum, Patrick Mahomes, Dax Hill, Jay Biggerstaff, Deebo Samuel Sr, Camryn Bynum, Ivan Pace Jr, Abbie Parr, Alvin Kamara, Kamara, Tim Heitman, Tua Tagovailoa, Tagovailoa, Jasen, Aaron Rodgers, Rodgers, Caroline Brehman, Shutterstock, Dak Prescott, Prescott, Ken Blaze, Brian Robinson Jr, K.J, Britt, Nathan Ray Seebeck, Jaylen Waddle, Hill, Stephanie V, Daniels, Al Diaz, Justin Fields, Danny Karnik, Okonkwo, Tyrique Stevenson, David Banks, Reuters Rhamondre Stevenson, Jason Mowry, Andrew Van Ginkel, Vincent Carchietta, Rebecca Blackwell, Khalil Shakir, Justin Jones, Jordan Love, Brooke Sutton, São Paulo, South America Kirby Lee, Taylor Swift, Travis Kelce, Reed Hoffmann, Isaiah, Ed Zurga, Patrick Mahomes scrambles, Charlie Riedel, Quarterback Patrick Mahomes, haven’t, ” Mahomes, “ We’ve, we’ve, that’s, Todd Kirkland, Josh Allen, New York Jets – Allen, Allen, Mahomes, Adrian Kraus, Burrow, Jeff Dean, ’, Mike McCarthy’s, CeeDee Lamb, McCarthy, Jeffrey McWhorter, ”, Jerry Jones, Caleb Williams, Williams, Jaylon Jones, Zach Bolinger, “, It’s, I’ve Organizations: CNN, NFL, National Football League, Buffalo Bills, Jacksonville Jaguars, Getty Images Minnesota Vikings, Vikings, Houston Texans, Getty Images Pittsburgh Steelers, Steelers, Los Angeles Chargers, Green Bay Packers, Packers, Tennessee Titans, AP Minnesota Vikings, AP Dallas Cowboys, Baltimore Ravens, New York Jets, New England Patriots, The Jets, USA, Sports, Reuters Atlanta Falcons, Philadelphia Eagles, AP Kansas City Chiefs, Cincinnati Bengals, Chiefs, Super Bowl, Reuters San Francisco 49ers, Minnesota Vikings, AP New Orleans Saints, Dallas Cowboys, Reuters Miami Dolphins, Reuters New York Jets, San Francisco 49ers, AP Los Angeles Chargers, Las Vegas Raiders, Shutterstock Dallas Cowboys, Cowboys, Cleveland Browns, Reuters Washington, Tampa Bay Buccaneers, Buccaneers, Dade Police, Miami Herald, Tribune, Service, Atlanta Falcons, Falcons, AP Tennessee Titans, Chicago Bears, Titans, Bears, Reuters, Patriots, Bengals, New York Giants, AP Buffalo Bills, Arizona Cardinals, Bills, São Paulo, The Eagles, Getty, Neo, Kansas City Chiefs, AP Baltimore Ravens, Arrowhead, AFC, Miami Dolphins, Buffalo, Ravens, Co, Kansas City, Cincinnati, Washington, Associated Press, Pittsburgh Steelers, ‘, New, New Orleans Saints, Dallas, Indianapolis Colts, Colts, USC, Indianapolis, New York Jets New York Giants, Cleveland Browns Chicago Bears, Indianapolis Colts Houston Texans, Minnesota Vikings Philadelphia Eagles, New Orleans Saints Los Angeles Chargers, Pittsburgh Steelers Denver Broncos, Tampa Bay Buccaneers Green Bay Packers, Tennessee Titans Carolina Panthers, Las Vegas Raiders Miami Dolphins, Seattle Seahawks Detroit Lions, Arizona Cardinals Baltimore Ravens, Dallas Cowboys San Francisco 49ers, Los Angeles Rams Kansas City Chiefs, Atlanta Falcons Jacksonville Jaguars Locations: Orchard Park , New York, Minneapolis, Pittsburgh, Nashville, Arlington , Texas, East Rutherford , New Jersey, Philadelphia, Kansas City , Missouri, Miami Gardens , Florida, Santa Clara , California, Inglewood , California, Cleveland, Tampa , Florida, Miami, Atlanta, Chicago, Cincinnati, São, South America, Kansas, Buffalo, New Orleans, Baltimore, Pennsylvania

Engineer Don Kramer is slated to testify as the investigation continues into the implosion of OceanGate's Titan submersible. The Coast Guard opened a public hearing earlier this month that is part of a high level investigation into the cause of the implosion. Coast Guard officials noted at the start of the hearing that the submersible had not been independently reviewed, as is standard practice. Wreckage of the Titan was subsequently found on the ocean floor about 330 yards (300 meters) off the bow of the Titanic, Coast Guard officials said. OceanGate said it has been fully cooperating with the Coast Guard and NTSB investigations since they began.

Persons: Don Kramer, Stockton Rush, David Lochridge, Rush, ” Lochridge, William Kohnen, Bart Kemper, Guillermo Sohnlein, ” Sohnlein, “, OceanGate, Titan Organizations: National Transportation Safety, Coast Guard, Titanic, Stockton, The Coast Guard, Hydrospace, Inc, Kemper Engineering, Rush, Polar, NTSB, Associated Press Locations: Washington, Polar, St, John’s, Newfoundland

☆ U.S. Senate committee faults Boeing safety practices, FAA oversight
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: +3 min

Boeing CEO Dave Calhoun testifies before a subcommittee of the Senate Energy and National Resources Committee on the company's safety culture, following a number of recent incidents on Boeing airplanes, Washington, DC, June 18, 2024. A U.S. Senate panel investigating Boeing 's safety culture on Wednesday faulted the planemaker's quality practices and oversight by the Federal Aviation Administration citing documents obtained in an ongoing investigation. The Senate Permanent Subcommittee on Investigations, which is holding a hearing Wednesday with FAA Administrator Mike Whitaker, said Boeing workers continue to feel pressure to prioritize speed of production over quality. Boeing said it has "taken important steps to foster a safety culture that empowers and encourages all employees to share their voice, but it will require continuous focus." The FAA did not comment but Whitaker said at a House hearing Tuesday that Boeing needed to undertake significant safety culture improvements that might not be completed for years.

Persons: Dave Calhoun, Mike Whitaker, Whitaker, Whitaker's Organizations: Senate Energy, National Resources Committee, Boeing, U.S, Senate, Federal Aviation Administration, Investigations, Democratic, FAA, Alaska Airlines, Justice Department, DOJ Locations: Washington, DC

☆ Tropical Storm Helene: Thousands forced to evacuate in Florida as hurricane warnings issued
▼ + stars: | 2024-09-25 | by ( Taylor Ward | Dalia Faheid | ) edition.cnn.com time to read: +12 min

CNN —Thousands of Florida residents have been forced to evacuate as the state prepares for rapidly strengthening Tropical Storm Helene, which could bring powerful winds, flooding and life-threatening storm surge to areas already hard-hit by recent hurricanes. The Big Bend area faces the most serious storm surge: up to 15 feet of it is possible. Over in Sanibel, one couple who met during Hurricane Ian in 2022 and nearly lost everything are now going to weather Tropical Storm Helene together, CNN affiliate WINK reported. Large clouds move over Havana due to the proximity of the tropical storm Helene, on September 24. Officials in neighboring Pinellas County warned hundreds of homes would likely flood with a higher storm surge than in past destructive storms.

Persons: Helene, Debby, Idalia, Ian Just, ” Howard Rabe, “ We’ve, we’ve, ”, Rabe, Ian, Michele Vikartofsky, Larry Leventhal, ” Vikartofsky, “, it’s, “ Ian, Vikartofsky, WINK, Hurricane Debby, Ron Booher, Hurricane Michael, ” Lynn Marshall, Yamil Lage, Ron DeSantis, DeSantis, Cathie Perkins, Kenneth Welch, ” Welch, Brian Kemp, ” Kemp, James Stallings, Herman, Connell Crooms, Corey Perrine, it’ll, It’s Organizations: CNN, Hurricane, National Hurricane Center, Tampa General Hospital, WFTS, WINK, WFTV, WJHG, Getty Images, Gov, Florida National Guard, Florida State Guard, –, Georgia Gov, Georgia Emergency Management, Homeland Security, Woerner, Florida Times, USA, Florida, National Weather Service, Carolinas, Weather, Florida Panhandle Locations: Florida, Bend, United States, Gulf of Mexico, Tampa, Florida’s Gulf, Anclote, Mexico Beach, Cabo Catoche, Citrus, Hillsborough, Charlotte, Gulf , Manatee, Pinellas, Taylor County, Tallahassee, Franklin, Wakulla, Port Richey, Sanibel, Manatee County, Gulf County, Havana, AFP, Getty Images Florida, Georgia, Pinellas County, Idalia, St . Petersburg , Florida, Hillsborough , Pinellas, Sarasota, Jacksonville , Florida, Tampa Bay, Florida , Georgia, Alabama, Tennessee, Carolinas, Virginia, Gulf, Helene

☆ I swore off long-distance relationships. I then fell for a man who lived on a different continent.
▼ + stars: | 2024-09-25 | by ( Hannah Wilkinson | ) www.businessinsider.com time to read: +5 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAfter witnessing friends endure the rigmarole of long-distance relationships, I could see why almost half of them end in breakups. I was about to announce that I had quit my job and booked a one-way ticket to see him. AdvertisementAfter six months Down Under, I found myself in one of the longest long-distance relationships geographically possible. But as a poster girl for long-distance relationships, I can attest that skipping shortcuts to finding a soulmate and leaning fully into vulnerability has given me my dream life and man.

Persons: —, couldn't, I'd, blanco, Weeks, I've Organizations: Service, Business, Gipsy, Thames, London Locations: London Heathrow, Sydney, Australia, Soho , London, Waterloo

A couple, who argued with a passenger who reclined her seat, won't be flying with Cathay Pacific ever again. Cathay Pacific has not responded to CNBC's request for comment, but said in the statement that it "sincerely" apologized for the incident. The woman, who narrates parts of the video that was posted on the same platform, said the couple harassed her after she declined to return her seat to the upright position. Eventually, she was moved to another seat, the video showed. However, Cathay Pacific said in its statement that onboard staff had issued two "serious" verbal warnings to the two disruptive passengers.

Persons: Instagram Organizations: Cathay Pacific, London . Cathay, Cathay Locations: Hong Kong, London, London . Cathay Pacific, Cathay Pacific

☆ My mom used to yell at me when I was a kid. I taught her about gentle parenting and she's now an amazing grandmother.
▼ + stars: | 2024-09-25 | by ( Jane Ridley | ) www.businessinsider.com time to read: +4 min

My husband, Ryan, and I practice gentle parenting. We were pleased my parents moved cross-countryI was raised with a certain amount of dieting. My parents moved from Charlottesville, Virginia, to California in 2021 when my daughter was 2, and I was about six weeks pregnant with my son. Mulligan coached her mom in gentle parenting. The following year, Mom moved to a retirement community within 15 minutes of our house.

Persons: —, Joelle Mulligan, Ryan, Dad couldn't, Dad, Mulligan, Mom, I'm, millennials Organizations: Service, Business Locations: Santa Cruz , California, Charlottesville , Virginia, California

☆ Gold touches record high on rate-cut bets, weaker U.S. dollar
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: +2 min

Gold bars sit in a vault at the Perth Mint Refinery, operated by Gold Corp, in Perth, Australia, on August 9, 2018. Gold hit a record high on Wednesday, boosted by a softer U.S. dollar and hopes of more interest rate cuts, while investors looked for new signals for the Federal Reserve's interest rate trajectory. Spot gold was steady at $2,658.08 per ounce, as of 0557 GMT, after hitting an all-time high of $2,670.43 earlier. On Tuesday, China announced a slew of support measures including outsized rate cuts, after the U.S. Fed cut rates by 50 basis points last week. Inflows to gold exchange-traded funds, particularly from Western investors, will rise in the coming months, providing further support for record-high bullion prices, analysts said.

Persons: Gold, Kelvin Wong, OANDA's, Wong, Michelle Bowman, Jerome Powell's, heightening Organizations: Perth Mint Refinery, Gold Corp, U.S, Fed, Asia Pacific, Traders Locations: Perth, Australia, China, Beirut

☆ FAA chief says Boeing and SpaceX should be treated the same after Elon Musk accuses regulator of playing favorites
▼ + stars: | 2024-09-25 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

FAA administrator Mike Whitaker said Boeing and SpaceX should be treated equally after Elon Musk attacked the regulator for fining his rocket company "for trivia" and said it should focus on Boeing's Starliner issues instead. In a post on X last week, Musk railed against the FAA's proposed $633,000 fine for SpaceX over two instances where the rocket company violated its launch licenses. Advertisement"NASA deemed the Boeing capsule unsafe for astronaut return, turning, out of necessity, to SpaceX, yet instead of fining Boeing for putting astronauts at risk, the FAA is fining SpaceX for trivia," the billionaire SpaceX founder wrote. SpaceX is also engaged in a war of words with the aviation regulator over delays to the next launch of Starship, the giant rocket Musk wants to use to travel to Mars. The FAA and SpaceX did not immediately respond to requests for comment sent outside normal working hours.

Persons: —, Elon Musk's, Mike Whitaker, Elon Musk, Whitaker, Musk, Butch Wilmore, Sunita Williams, Starliner Organizations: Service, Federal Aviation Administration, Boeing, SpaceX, FAA, Business, Reuters, NASA Locations: Texas

☆ Google files EU antitrust complaint accusing Microsoft of stifling cloud competition
▼ + stars: | 2024-09-25 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Google filed an antitrust complaint with the European Commission Wednesday accusing Microsoft of using unfair licensing contracts to stifle competition in the multibillion-dollar cloud computing industry. At the heart of Google's complaint is the allegation that Microsoft uses unfair licensing terms to "lock in" clients and exert control over the cloud market. Referring to the CISPE settlement, Microsoft said in a statement Wednesday that it expects the European Commission to dismiss Google's complaint. "Microsoft settled amicably similar concerns raised by European cloud providers, even after Google hoped they would keep litigating," a Microsoft spokesperson told CNBC via email. "Having failed to persuade European companies, we expect Google similarly will fail to persuade the European Commission."

Persons: CISPE Organizations: Google, European, Wednesday, Microsoft, Microsoft Office, Commission, CNBC, European Commission

☆ Stocks making the biggest moves premarket: KB Home, Hewlett Packard Enterprises, General Motors and more
▼ + stars: | 2024-09-25 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Rithm Capital – The real estate investing stock more than 4% after announcing a secondary offering of 30 million shares. Hewlett Packard Enterprise – The technology stock added almost 3% on the back of a Barclays upgrade to overweight from equal weight. General Motors , Ford Motor – The auto stocks fell following downgrades from Morgan Stanley's Adam Jonas due to rising China competition and a weakening U.S. consumer. The analyst downgraded Ford Motor to equal weight from overweight, while General Motors was lowered to underweight from equal weight. Shares of General Motors and Ford fell roughly 3% and 2%, respectively.

Persons: FactSet, Bilibili –, Rithm, Hewlett Packard, Morgan Stanley's Adam Jonas, —, Alex Harring, Sarah Min, Lisa Kailai Han Organizations: JPMorgan, Hewlett Packard Enterprise, Barclays, Hewlett, Worthington Enterprises, General Motors, Ford, Ford Motor, General Locations: China's, U.S, China

☆ A boomer said he's struggling to survive on Social Security after retiring early to care full-time for his wife
▼ + stars: | 2024-09-25 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

As Americans increasingly rely on Social Security and other retirement income to get by, high medical expenses could throw years of retirement planning out of balance. AdvertisementRetiring early to be his wife's caretakerPapalia had a goal to retire in 2015 at age 65 so he could receive Social Security benefits and have enough saved that money wouldn't be a huge issue. However, in 2010, he retired to care for his wife full-time, taking a buyout from his company that lasted until 2014. Marie's medical care was expensive, and they also cared for two dogs, both of whom had costly medical issues. Scraping by and making sacrificesPapalia receives $2,132 a month in Social Security before taxes and insurance and $1,900 from his pension, while Marie gets $1,113 a month from Social Security.

Persons: —, Robert Papalia, Marie, They're, Papalia, they're, wouldn't, She's, they've, We're, it's, he's Organizations: Service, Business, BI, Social Security, Social, Security Locations: Burlington , New Jersey, New Jersey, Pennsylvania

☆ Rodri: Manchester City star out for ‘a long, long time’ with knee ligament injury
▼ + stars: | 2024-09-25 | by ( Jamie Barton | ) edition.cnn.com time to read: +2 min

CNN —Manchester City star Rodri has sustained a knee ligament injury that will keep him off the pitch indefinitely, the club has confirmed. He is one of four City players nominated for the 2024 edition of soccer’s most coveted individual prize. Last season, the Citizens lost just three Premier League matches, with all three defeats coming during a period when Rodri was suspended. Since the Spaniard’s Premier League debut, City has lost a third of the games from which he has been absent. Michael Regan/Getty Images“When a team doesn’t play with the best midfielder in the world for a long, long time, it is a big blow,” said Guardiola.

Persons: Rodri, City, Pep Guardiola, “, ”, ” Rodri, d’Or, soccer’s, Rodri limps, Michael Regan, Guardiola Organizations: CNN, Manchester City, Arsenal, Watford, Reuters, League, Champions League, City, Citizens, Premier League, Spaniard’s Premier League Locations: Spanish, Spain, Manchester, City’s

☆ Secret Service failures before Trump rally shooting were ‘preventable,’ Senate panel finds
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: +7 min

But that information was not relayed to key Secret Service personnel who were interviewed by Senate investigators. The Senate report comes just days after the Secret Service released a five-page document summarizing the key conclusions of a yet-to-be-finalized Secret Service report on what went wrong, and ahead of a Thursday hearing that will be held by a bipartisan House task force investigating the shooting. "This was the result of multiple human failures of the Secret Service," said Kentucky Sen. Rand Paul, the top Republican on the panel. Investigators found that many of the people in charge denied that they had responsibility for planning or security failures, and deflected blame. Democrats and Republicans have disagreed on whether to give the Secret Service more money in the wake of its failures.

Persons: Donald Trump, Butler, Michigan Sen, Gary Peters, Peters, Thomas Matthew Crooks, Trump, rallygoer, Crooks, Anthony Guglielmi, Kentucky Sen, Rand Paul, Ronald Rowe Jr, Republican Sen, Ron Johnson of Organizations: Senate Homeland Security, Governmental Affairs Committee, Democratic, Service, Communications, Republican, Secret Service, Senate, Trump, Secret, Advance, United States Secret Service, Republicans Locations: Butler , Pennsylvania, U.S, Pennsylvania, Michigan, Trump's Florida, Kentucky, Ron Johnson of Wisconsin

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