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New York Mayor Eric Adams is expected to face federal charges by prosecutors out of the Southern District of New York as soon as Thursday, two sources familiar with the matter said Wednesday night. Before news of federal charges broke Wednesday, Adams was at a reception at the Metropolitan Museum of Art, which President Joe Biden also attended. “I do not see how Mayor Adams can continue governing New York City,” Ocasio-Cortez said on X. "However, it is clear that defending himself against serious federal charges will require a significant amount of the time and attention needed to govern this great city. The most appropriate path forward is for him to step down so that New York City can get the full focus its leadership demands."
Persons: Eric Adams, Adams, , , Adams ’, Daniel Nigro, Nigro, Edward Caban, James Caban, Joe Biden, Douglas Muzzio, ” Muzzio, Alexandria Ocasio, ” Ocasio, Cortez, Brad Lander, Mayor Adams, Lander, ” Adams Organizations: York, Southern, of, FBI, NYPD, Turkish Consulate, Democratic, Fire, NBC News, Federal, Adams . Police, Authorities, Queens, Metropolitan Museum of Art, Baruch College, New Locations: of New York, New, Brooklyn, Turkish, Adams, Manhattan, New York, Alexandria, Cortez, New York City
Caitlin Clark’s historic rookie season ended Wednesday as the Indiana Fever lost 87-81 to the Connecticut Sun, losing their first-round playoff series 0-2. Her 337 assists in the regular season were not only a rookie record, but also the WNBA record for assists in a season. She became the first rookie to record a triple-double, and she set the record for most 3s by a rookie in a single season, as well. On July 17, Clark recorded 19 assists in a loss to the Dallas Wings, a single-game WNBA record. After her final collegiate game in April, Clark’s professional career began the next month in May.
Persons: Caitlin Clark’s, Clark, Alyssa Thomas, DeWanna Bonner, Michael Mulvihill Organizations: Indiana Fever, Connecticut Sun, Sun, Connecticut, Minnesota Lynx, Phoenix Mercury, Dallas Wings, Fever, Indiana, Associated Press, Fox, Iowa Hawkeyes Locations: Connecticut
He recalled how during the 2006 war between Israel and Hezbollah, there was a sense of hope because several countries were actively mediating. It was formed in 1982, after Israel invaded Lebanon, with the initial aim of ending Israel’s occupation of southern Lebanon, which it achieved in 2000. Hezbollah has fired rockets, missiles, and drones into northern Israel; and Israel has responded with increasingly heavy airstrikes. Israel has vowed to do whatever it takes to safely return its citizens to their homes in the north. Hezbollah has also said that it does not seek war but that it will continue striking Israel until there is a cease-fire in Gaza.
Persons: Elias Faouz, , Faouz, ” Faouz, “ It’s, , Sandra Moukhtar, Moukhtar, Sarah Waizani, ” Waizani, Organizations: U.S, Lebanon’s Health, AFP, Getty, World Bank, Organization for Migration Locations: Lebanon, United States, Israel, Beirut, Gaza, Maarakeh, Iran, Hezbollah, U.S, United Kingdom, Tehran, Baalbeck, Bekaa, Mount Lebanon, Moukhtar, Syria, Dahiye
Opinion The Dangersof Donald Trump,From ThoseWho Know HimIn any election, it’s hard to know whose word to trust. And in a polarized country, many Americans distrust any information that comes from the other side of the political divide. That’s why the criticism of Donald Trump by those who served with him in the White House and by members of his own party is so striking. The New York Times editorial board has made its case that Mr. Trump is unfit to lead. For those Americans who are still tempted to return him to the presidency or to not vote in November, it is worth considering the assessment of Mr. Trump by those who have seen him up close.
Persons: Donald Trump, , Trump Organizations: White, New York Times
CNN —New York City Mayor Eric Adams, the rank-and-file transit cop who rose to the city’s most powerful office, is no longer the master of his political destiny. President Joe Biden, asked at the White House on Thursday if Adams should resign, said, “I don’t know.”What will Jeffries do? “We need Eric Adams to be successful as mayor because he is the mayor at this moment in time,” Jeffries said. “No one is above the law, including the Mayor of New York City,” Schumer said in a statement. “This is squarely about Mayor Adams’ ability to govern New York City, and for the New York City governance to be fully staffed to serve the people of New York City,” Ocasio-Cortez told reporters Wednesday afternoon on Capitol Hill before news of the indictment broke.
Persons: Eric Adams, Adams, brazenly, , , Damian Williams, ” Williams, , ” Adams, Adams ’, Ingrid Lewis, Martin, Frank Carone, Carone, Jumaane Williams, ” Carone, “ It’s Eric Adams, Kathy Hochul, Hochul, Joe Biden, Jeffries, Hakeem Jeffries, ” Jeffries, Hakeem, Laura Gillen, Anthony D’Esposito, you’re, you’ve, ” Gillen, Chuck Schumer, ” Schumer, Scott Stringer, Brad Lander, Sen, Zellnor Myrie, ” Myrie, ” Stringer, ” Lander, Alexandria Ocasio, Cortez, Mayor Adams, ” Ocasio, Bob Holden, Adams ’ White, ” Holden, Chris Banks, ” Banks, Julia Salazar, Gustavo Rivera, Jabari, Phara Souffrant Forrest, Emily Gallagher, Brooklyn, Tiffany Caban, Alexa Aviles, Sandy Nurse, Chi Osse, ” Councilwoman Vickie Paladino, Andrew Cuomo, Cuomo, “ Cuomo, “ He’s, ” Cuomo, Rich Azzopardi, hasn’t, CNN’s Gloria Pazmino Organizations: CNN, New, New York City, Democratic, New York Times, Southern, of, Gracie, White, Brooklyn Democrat, Republicans, New York Democratic, New York, Republican, Washington D.C, Yorkers, Rep, Queens, State Locations: New York, New, of New York, , Brooklyn, Washington, South Shore, New York City, Alexandria, City, Queens, Holden’s, Brownsville, East New York, Sens
AdvertisementLorraine Tan, Morningstar's director of equity research for Asia, also thinks monetary stimulus won't be sufficient. History says their skepticism is warranted, as China's past stimulus efforts have often failed to lead to sustainable gains. Even if this surge holds up, it won't necessarily spark a self-fulfilling prophecy that provides a lasting boost for China's economy. But others like Tan from Morningstar believe this bad news is reflected in Chinese stocks' cheap valuations. The team at UBS Global Wealth Management is also cautiously optimistic about Chinese stocks after this news.
Persons: , they're, Betty Wang, Marcelli, Lorraine Tan, Tan, Brian Mulberry, Mulberry, Wang, China isn't, Jeff Kleintop, Charles Schwab, Donald Trump, Rory Green, Xi Jinping, Biden, Trump, That's, Kleintop, Morningstar, she'd Organizations: Service, Business, People's Bank of, Oxford Economics, UBS Global Wealth Management, Zacks Investment Management, Federal Reserve, BI Locations: China, People's Bank of China, Asia, Central, Republic
Trump has said he would consider new tariffs on imports from the country at rates of 60% or higher. watch nowU.S. allies could become a key target of Trump's "America First" policy that is increasingly grouping European and Asian partners alongside rival China. "We have been treated so badly, mostly by allies ... our allies treat us actually worse than our so-called enemies," Trump said at a rally in Wisconsin earlier this month. Retaliation by other U.S. trade partners — whether that be via reciprocal, retaliatory tariffs, or other non-tariff measures — is a potential consequence of all of this," Marro said. Economist Stephen Roach also told CNBC that Trump's tariffs would hurt America's trade partners while only increasing the costs of goods for American consumers and manufacturers.
Persons: Donald Trump, Brandon Bell, Trump, We're, Nick Marro, William Pesek, CNBC's, Marro, Stephen Weymouth, Stephen Roach, William Reinsch, Scholl Organizations: Johnny Mercer Theatre, Getty, Republican, China, Global Trade, Economist Intelligence, Trump Presidency, Georgetown University, CNBC, Business, Center for Strategic, International Studies Locations: Savannah , Georgia, China, Pennsylvania, Korea, North Carolina, Germany, Georgia, German, American, Wisconsin, Taiwan, U.S, Japan
A lot of people swear that these and other productivity hacks will help you get on top of your responsibilities and gain control of your time. They all left author and time management researcher Oliver Burkeman "pretty disillusioned," he tells CNBC Make It. If you feel like you're constantly trying to optimize your life, Burkeman has a counterintuitive piece of advice: Get comfortable with settling instead, he said on a recent episode of LinkedIn's "Everyday Better with Leah Smart" podcast. "Settling is not really about settling for less. Eventually, you'll probably have to accept the fact that you need to reschedule your meeting and stop taking on more work.
Persons: Oliver Burkeman, Burkeman, Leah Smart, we're, you'll Organizations: CNBC, New York Times, Management, Oak Engage, Guardian
Sometimes status at work is based on the "right" things, like having relevant skills or past experience. Note: Don't ask, "Do I have status here?" It's a vague-sounding question, and you might not get an honest answer because the person you're asking may think it's rude to say no. Your workplace has experienced a major joltSometimes you fail to get promoted because a jolt has disrupted the status hierarchy. If you've experienced a jolt at work: Don't shoot yourself in the foot.
Persons: New York University who's, I've, you've, doesn't, it's, Tessa West, Tessa Organizations: New York University, Twitter
Rep. Matt Gaetz said Thursday that he has learned the House Ethics Committee will subpoena him as it investigates whether the Florida Republican engaged in sexual misconduct with a minor or illicit drug use. Gaetz, a close ally of former President Donald Trump, made the statement in an angry letter to the Ethics Committee that declared he will "no longer voluntarily participate" in the panel's probe. Gaetz said he understands that a subpoena has been "issued, but not served" — but did not say whether he would comply with the subpoena. An Ethics Committee spokesman declined to comment on the letter. Gaetz reportedly helped Trump prepare for his Sept. 10 presidential debate with Vice President Kamala Harris, the Democratic nominee.
Persons: Matt Gaetz, Donald Trump, Gaetz, Michael Guest, Susan Wild of, Kevin McCarthy, McCarthy, Trump, Kamala Harris Organizations: U.S, Capitol, Security, Florida Republican, Constitution, Republican, Trump, GOP, Democratic Locations: Florida, U.S, United States, Susan Wild of Pennsylvania, Congress
In the latest poll, 79% of Black registered voters say they would definitely vote, up from 68% in the June poll. The poll suggests Trump’s improvements among Black voters relative to 2020 are driven largely by Black voters under the age of 60. Harris is also generally viewed more favorably among Black registered voters compared with registered voters overall, even after accounting for Black voters’ overwhelming Democratic lean. Democratic Black likely voters, however, are twice as likely as Democratic likely voters overall to consider the economy their top issue (42%, compared with 19%). Results among Black registered voters have a margin of sampling error of plus or minus 7.8 percentage points; among Black likely voters, it is plus or minus 7.7 percentage points.
Persons: CNN — Kamala Harris, Donald Trump, SSRS, Joe Biden’s, Black, Trump, CNN’s, Harris, That’s, – Harris, Biden, Joe Biden, Andrew Harnik, don’t, CNN’s Jennifer Agiesta, Ariel Edwards, Levy Organizations: CNN, Trump, CNN’s, Biden, Black, Girard College, Democrats, Democratic Party, Black Democratic, Democratic Black, Democratic, White Americans, Black Americans Locations: Black, Philadelphia , Pennsylvania, United States
Read previewAll couples, whether they're thinking of marriage or already wed, want a union that lasts. But based on his experience, Sexton shared some of the things he recommends couples try before diving into an expensive divorce process. One person might feel like their partner isn't doing enough to make them feel loved, so they refuse to do anything to make their partner feel loved, either. In his experience with couples who divorce over infidelity, he's noticed a pattern with some couples: "The deception is happening because every time that there's an honest sharing, it results in attacking." AdvertisementOn the other side of the coin, couples might have overly negative views of marriage based on old stereotypes.
Persons: , James J, Sexton, we're, isn't, it's, he's Organizations: Service, Business
CNN —Japan’s ruling party will elect its new leader Friday, and the winner will become the country’s next prime minister. Prime Minister Fumio Kishida is not in the running after his surprise announcement last month that he would step down following a series of political scandals that fueled calls for him to resign. With the upcoming US presidential election, the new prime minister will navigate Japan’s relations with a new American leader at a time of growing security challenges in Asia, including an increasingly assertive China and a belligerent North Korea. Koizumi, 43, is the US-educated, charismatic son of popular former prime minister Junichiro Koizumi, and could be Japan’s youngest prime minister of the post-war period. He sits on the more progressive wing of the conservative party.
Persons: CNN —, Shinjiro Koizumi, Shigeru Ishiba, Fumio Kishida, haven’t, Kishida, , Koizumi, ” Yu Uchiyama, Margaret Thatcher, Shinzo Abe, , Junichiro Koizumi, acceding, Ishiba Organizations: CNN, Liberal Democratic Party, LDP, Partnership, Tokyo University, Reuters, Bank of, NATO Locations: Japan, China, Japan’s, American, Asia, North Korea, Pacific, South Korea, Bank of Japan
U.S. crude oil prices fell nearly 3% on Thursday on a report that Saudi Arabia is committed to pressing ahead with production increases later this year. Saudi is prepared to ditch its unofficial oil price target of $100 per barrel, people familiar with the kingdom's thinking told The Financial Times. Saudi officials are ready to increase oil production in December even if the move results in a prolonged period of low oil prices, the people said. Here are Thursday's energy prices:Prices are also under pressure on the expectation that oil production will rise in Libya. Oil prices rallied earlier in the week after Beijing announced a new stimulus package.
Organizations: Financial Times, Beijing Locations: Saudi Arabia, Saudi, Libya, China
A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. It was the first major Western central bank to reduce interest rates back in March. Domestically, Swiss inflation remains subdued, with the latest headline print pointing to a 1.1% annual increase in August. Further cuts in the SNB policy rate may become necessary in the coming quarters to ensure price stability over the medium term," it added. He added that the central bank may nevertheless have to reduce rates again to retain inflation in the 0-2% target range.
Persons: exacerbation, Swissmem, SNB, Kyle Chapman, Chapman, Thomas Jordan, Jordan, Adrian Prettejohn, Prettejohn Organizations: Swiss National Bank, European Central Bank, U.S . Federal Reserve, Swiss, U.S ., ING, Ballinger Group, Reuters, Capital Economics Locations: Zurich, Switzerland, Swiss, Europe
And it’ll be tough for either Vice President Kamala Harris or former President Donald Trump to turn that around if elected, no matter their grandiose campaign promises. Put together, such investments have resulted in a sharp pick-up in construction spending by manufacturers, according to government data. Manufacturing’s main pain points are sluggish demand and elevated interest rates, according to recent manufacturing surveys by the Institute for Supply Management and S&P Global. And, of course, there are issues specific to certain sectors of the manufacturing industry. It could get better, but it’s not clear whenIt’s not all doom and gloom for the manufacturing industry.
Persons: Joe Biden, Kamala Harris, Donald Trump, Biden, haven’t, hasn’t, Harris, ” Harris, Trump, ” Chris Williamson, ” Timothy Fiore, There’s, ” Lauren Goodwin, Organizations: Washington CNN, Act, Congress, Private, Manufacturers, Labor Department, Institute for Supply Management, P, P Global Market Intelligence, ISM’s Manufacturing, Survey, P Global, Boeing, Federal, New York Life Investments Locations: America, Pittsburgh, Savannah, China, Pennsylvania, Korea, North Carolina, Germany, Georgia
Paris CNN —On the second day of Paris Fashion Week at the city’s Palais de Tokyo, a giant inflatable elephant welcomed guests to the Ester Manas fashion show. Methods such as ruching and drawstrings eliminate the need for classical sizing and enable Ester Manas to cater to sizes XS to 3XL. Similarly, a 2023 size inclusivity report conducted by Vogue Business found that 95.6% of all looks presented for Fall-Winter 2023 were in a size US 0-4. “Numerically, it is very apparent that this ‘trend’ (of both being personally comfortable with your size and size inclusivity being socially accepted) has retreated,” Delepierre said. “Beyond the size dimension, (Ester Manas clothes) are strong pieces that stand on their own and make everyone feel sexy,” he said.
Persons: Ester Manas, Balthazar Delepierre, SZA, Jorja Smith, Kali Uchis, Beth Ditto, , Manas, , bienveillance, bookers, Goldman Sachs, Ester Manas’s, they’ve, ” Delepierre, Ester Manas “, inclusivity, Giulietta Canzani Mora, ” Guillaume Boulez Organizations: Paris CNN —, BMI, CNN, Goldman, Vogue Business Locations: Paris, de Tokyo, , Manas, France
6 Indiana Fever were defeated 87-81 in Game 2 by the third-seeded Sun to complete the best-of-three series sweep. Clark – who was named the unanimous AP WNBA Rookie of the Year on Sunday – led all scorers with 25 points and also had nine assists and six rebounds. Diana Taurasi plays what could be her last ever game as Lynx eliminate MercuryDiana Taurasi might have played her last ever WNBA game. She is a former MVP, three-time WNBA champion, six-time EuroLeague champion, six-time Olympic champion, 11-time WNBA All-Star and is widely considered to be one of the best women’s basketball players ever. She tied the WNBA playoff game scoring record with 42 points on 70% shooting, also recording five rebounds, four assists and two blocks.
Persons: Caitlin Clark’s, Clark –, , ” Clark, , , Clark, DiJonai Carrington, Jessica Hill, Boston, DeWanna Bonner –, Alyssa Thomas, Diana Taurasi, Napheesa Collier, Taurasi, that’s, Stephen Maturen, Griner, Natasha Cloud, Collier Organizations: CNN, Connecticut Sun, Minnesota Lynx, Indiana Fever, AP WNBA, WNBA, Indiana, Sun, Connecticut, Lynx, Phoenix Mercury, Target Center, Mercury, Las Vegas Aces, New York Liberty Locations: Iowa, South Carolina, Connecticut, Minnesota
Billionaire hedge fund founder David Tepper said his big bet after the Federal Reserve's rate cut was to buy Chinese stocks. "We got a little bit longer, more Chinese stocks," Tepper continued. FXI 1D mountain iShares China Large-Cap ETF The iShares China Large-Cap ETF (FXI) rallied more than 6% following Tepper's comments, extending its gains from a winning session for Chinese and Hong Kong stocks. Tepper also noted the Chinese market is cheaper than U.S. equities. To be sure, rising geopolitical concerns including further tariffs between the U.S. and China have spooked many investors away from the China market.
Persons: David Tepper, Tepper, CNBC's, Xi Jinping Organizations: Fed, Appaloosa Management, Baidu, Wynn Resorts, U.S Locations: China, U.S, Hong Kong, Sands
Nvidia might have to look outside of its artificial intelligence empire to acquire some key data center-related technologies, according to Susquehanna Financial Group. Analyst Christopher Rolland said Nvidia has "two glaring holes" for potential acquisition within optical and analog networking. Optical technologies in data centers have a variety of purposes such as supporting network traffic growth, transmitting and receiving optical signals in data centers, and offering cost and power savings while facilitating high-capacity data transmission. Analysts' average price target, per FactSet, suggests potential downside for Lumentum and Coherent given their recent stock run-ups. Rolland holds a positive rating on Nvidia shares with a $160 price target — higher than the average from analysts polled by FactSet, which implies more than 29% potential upside for the chip darling.
Persons: Christopher Rolland, Nvidia, Rolland Organizations: Nvidia, Susquehanna Financial Group, NVIDIA, Lumentum Holdings, Marvell Technology, Marvell, FactSet
Landrum asked the elementary schoolers a series of questions, using photographs and visual prompts, to understand how the children feel about the political system. Republican-leaning and red-state kids liked Trump but were neutral or even positive about Harris. That imbalance grew when interviews were repeated in September and the kids were asked about Trump and Harris. 02:12 - Source: CNNEven a majority of kids who support Trump agreed Harris would be a “sort of” good president. Misinformation can come from anywhere, as one kid showed when he described the presidential debate between Trump and Harris.
Persons: Donald Trump, CNN’s “ Anderson Cooper, , Asheley, Shanto Iyengar, Landrum, Joe Biden, Kamala Harris, Harris, Biden, Trump, , , Hitler, Iyengar, ” Trump, ” Iyengar, George Washington, Thomas Jefferson, , Taylor Swift, Olivia Rodrigo, we’re, Taylor, Swift, ” Harris Organizations: CNN, Trump, Arizona State University, Stanford University, Democratic, White, Democrat, Republican, Biden, Republicans, Kids, Baptist, YouTube Locations: Arizona, New Jersey, Texas, New York
States of flow can lead to productive work sessions or explain your compulsion to endlessly scroll through social media. The act of pulling the lever turns an uncertain outcome into a certain one. Binary tasks, where the only outcomes are success or failure, aren't very conducive to flow, Melnikoff says. have a yes-or-no outcome, you're better off focusing on a more ambiguous number of consecutive successes or failures, Melnikoff says. "People value the sense that they're being productive and one with the activity that they're engaging in.
Persons: David Melnikoff, Mihaly Csikszentmihalyi —, Melnikoff, doesn't Organizations: Stanford Graduate School of Business, CNBC Locations: States, they're
The study found that self-reported suicide attempts among these young people did not seem to increase while these bills were under debate in their state. But once the bills became law, the researchers saw a statistically significant increase in suicide attempts among young trans and nonbinary people who lived in those states. “Enacted anti-transgender laws may really be a source of increased minority stress that leads to increased suicide risk or other mental health issues,” Nath said. When legislation is affirming of a member of the community, research shows, suicide attempts decrease. “So it’s not surprising that these laws we now see are demonstrated to have an association with risk of suicide attempts.”
Persons: they’ve, , , Dr, Ronita Nath, ” Nath, Sanjay Gupta, Alex Keuroghlian, Keuroghlian, it’s Organizations: Lifeline, CNN — People, CNN, CNN Health, Harvard Medical School, Education, Fenway Institute Locations: United States, Washington
A majority of chief financial officers (55%) say Harris will win the election, according to the Q3 CNBC CFO Council Survey. That's a reversal from the prior CFO survey in Q2 (when President Joe Biden was still the candidate) and a majority of CFOs (58%) believed Trump would win. In the Q2 CFO survey, 29% of executives said they were unsure who would win. The majority belief that Harris will win comes despite an equal majority of CFOs (55%) telling the survey that Trump is better on inflation and for the economy. The CNBC CFO Council Survey was conducted between August 19 and September 19, a period which included the presidential debate.
Persons: Kamala Harris, Donald Trump, Harris, Joe Biden, Trump, CFOs, MSNBC's Stephanie Ruhle Organizations: CNBC, Survey, Trump, Trade, GOP, Economic Club of Pittsburgh Locations: America, United States, CFOs
Hinge Health has hired banks, with Morgan Stanley leading, for its IPO push, BI has learned. The startup is gearing up to confidentially file its S-1 in the coming weeks. $6.2 billion Hinge Health hopes to go public in early 2025. AdvertisementHealthcare startup Hinge Health has hired several investment banks as it prepares to confidentially file its S-1 to go public, Business Insider has learned. The physical therapy startup has hired Morgan Stanley to lead the deal, alongside Barclays and Bank of America, according to documents seen by BI.
Persons: Morgan Stanley, Organizations: Service, Business, Barclays, Bank of America, SEC
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