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By comparison, from Ohio’s March primary through August, Democrats held the edge, dropping $78.5 million on ads to Republicans’ $59 million. “Bernie’s special interest allies are dumping hundreds of millions of dollars into this race to try and defeat Sherrod because they know Sherrod will always stand up to them to do what’s right for Ohio,” Brown spokesperson Matt Keyes said in a statement. Democrats, who hold a one-seat majority in the Senate, are growing increasingly nervous about Sen. Jon Tester’s re-election bid in Montana. Democrats had a clear advertising advantage coming out of a contentious March primary that cost Moreno’s campaign millions of dollars to win. Close behind is WinSenate, a political action committee affiliated with the Democrats’ Senate Majority PAC, which has spent more than $22 million this month.

Persons: Sen, Sherrod Brown, Bernie Moreno, Brown, ”, Jai Chabria, JD Vance’s, “, Moreno, Sherrod, ” Brown, Matt Keyes, Jon Tester’s, Larry Hogan, Gary Peters of, “ We’re, ” Philip Letsou, Chuck Schumer, Kamala Harris, ” Letsou, Barack Obama, Donald Trump, “ Sherrod, Chris Grant, Moreno’s, it’s, beholden, Harris, Joe Biden, Bernie, Scott Guthrie, ” Peters, I’m, “ Jon Tester, ” Moreno, Reagan McCarthy, chastise Brown, Mary Ann, ” Mary Ann, Bernie Moreno’s, ” Chabria, Vance Organizations: CLEVELAND, Senate, Democratic, ’, GOP, Republican, Democratic Senatorial, National Press Club, National Republican Senatorial Committee, Democrat Party, lockstep, Democrats, Defend, Jobs, Fund, PAC, National Republican, Moreno’s, ” Locations: Ohio, Montana, Florida, Texas, Montana and Ohio, Arizona , Michigan, Nevada , Pennsylvania, Wisconsin, Maryland, Gary Peters of Michigan, Washington, lockstep ”, ” Ohio, Toledo

☆ Anna Sorokin speaks out after dramatic exit from 'Dancing With the Stars'
▼ + stars: | 2024-09-26 | by ( Pilar Melendez | Pilar Melendez Is An Editor On The Nbc News Platforms Team. | ) www.nbcnews.com time to read: +5 min

Sorokin was convicted in 2019 of duping friends and financial institutions out of hundreds of thousands of dollars while masquerading as a German heiress. “DWTS” alum and choreographer Maksim Chmerkovskiy called her a “professional liar” and mocked her dancing on a TMZ podcast. “Anna is fascinating to a lot of people… so I think there is an inherent curiosity about her,” Green said. Her crimes were “not right,” Sosa said, but nobody “deserves the amount of hate she’s getting.” Sorokin “deserves a second chance,” he asserted. Sorokin said she probably won’t keep up with the show as it continues, but she hopes actor Reginald VelJohnson will win.

Persons: Anna “ Delvey, scammer, ” Sorokin, Sorokin, Tori Spelling, Ilona Maher, Stephen Nedoroscik, Spelling, Sorookin, Ezra Sosa —, Tunstall’s “, Sabrina Carpenter’s, “ It’s, ”, Julianne Hough, Sorokin’s, “, Maksim Chmerkovskiy, Whoopi Goldberg, Kelly Cutrone, Conrad Green, “ Anna, ” Green, she’s, we’ve, ” Sosa, ” Sorokin “, Reginald VelJohnson Organizations: NBC News, ”, ABC, U.S . Immigration, Customs Enforcement, ICE, maven Locations: Los Angeles, New York, Manhattan, Hudson, Hollywood

New focus groups of skeptical young men planning to vote in this fall’s most critical battleground states illustrate how, for these voters, it’s all about Donald Trump. Polling has shown a significant gender gap in the race, with Trump holding the upper hand among men and Harris with women. Donald Trump and Vice President Kamala Harris debate for the first time during the presidential election campaign on Sept. 10. All but two of the voters leaning toward Harris said abortion will be a big factor in their vote. Asked to describe their generation, many of these young men painted a negative picture.

Persons: Donald Trump, Kamala Harris, Harris, SurveyMonkey, — Trump, Tim Walz’s, “ Young, Harris leaners, Trump, ”, Rich Thau, William C, Whitney Saleski, Jake T, Noah H, John M, Andrew H, ” “ Kamala Harris, MAGA, ” John M, “, Drake, Eric R, ” Joel M, —, Joe Biden, Margaret Talev, she’s, Win McNamee, ” Bret A, Jill Stein, he’s, it’s, ” Andrew, Brandon S, You’ve, Derek H, hasn’t, we’re Organizations: Trump, NBC, Syracuse University, Republican Party, Protesters, Getty, Democratic, Social, Syracuse University’s Institute for Democracy, Journalism, Citizenship, Hamas, Green Party Locations: Sago, Pennsylvania , Michigan, Wisconsin, Morton , Pennsylvania, Dayton , Ohio, Pennsylvania, Philadelphia, Kewaskum , Wisconsin, Israel, United States, Eau Claire , Wisconsin, Washington, Gaza, Oregon, Kaukauna , Wisconsin

☆ The Fed slashed interest rates last week, but Treasury yields are rising. What’s going on?
▼ + stars: | 2024-09-26 | by ( Jeff Cox | Jeff Cox Is A Finance Editor With Cnbc.Com Where He Covers All Aspects Of The Markets | Monitors Coverage Of The Financial Markets | ) www.nbcnews.com time to read: +6 min

The Treasury market, though, hasn’t been paying attention. Officials penciled in another 50 basis points in reductions by the end of the year and another 100 by the end of 2025. That sentiment is evident in the “breakeven” inflation rate, or the difference between standard Treasury and Treasury Inflation Protected Securities yields. The 5-year breakeven rate, for instance, has risen 8 basis points since the Fed meeting and is up 20 basis points since Sept. 11. Taken together, the various dynamics in the Treasury market are making it a difficult time for investors.

Persons: hasn’t, ”, Jonathan Duensing, — haven’t, “, Robert Tipp, We’re, Jerome, Powell, ” Duensing, Tom Garretson, “ They’d, There’s Organizations: Federal Reserve, Treasury, Amundi, Fed, CME, Treasury Inflation, RBC Wealth Management

The war for the first battleground electoral vote may have been decided this week before a single ballot was cast. They also pointed to the lawn signs and other symbols of enthusiasm for the Harris campaign in the city. By failing to move enough legislative votes into his column, Trump lost his chance to tuck away all five of Nebraska's electoral votes without mounting a campaign. That poll has Harris up by 9 percentage points over Trump. For now, Democrats feel good about the odds that they will look back at this week as the moment they locked up their first electoral vote.

Persons: Kamala Harris, Harris, Joe Biden, Republican Donald Trump, Trump, —, Sen, Mike McDonnell —, — Sen, Lindsey Graham, Jane Kleeb, McDonnell, Kleeb, Biden, they're, JD Vance Organizations: Republican, Congressional, Party, Electoral College, GOP, Democrats, NBC News, Nebraska Democratic Party, doling, Republicans, Trump, Democratic Locations: Omaha, — Maine, Nebraska's, Nebraska, Omaha —, AdImpact, Georgia, Arizona, Wisconsin, Ohio

Two in three voters say the country is on the “wrong track,” as voters weigh whether Vice President Kamala Harris or former President Donald Trump would be better able to change that less than two months from Election Day. The latest NBC News national poll finds 65% of registered voters surveyed earlier this month say the country is on the wrong track, while 28% say it’s on the right track. “While the wrong track data is now under 70% for the first time since September 2022, it is still a terrible 65% for the party in power,” Horwitt said. NBC News surveys have found steadily high rates of voters saying the country is on the wrong track for years — and especially since the coronavirus pandemic began in March 2020. But Harris does have an advantage over Trump when voters were asked which candidate better represents change, with 47% saying Harris and 38% saying Trump in the poll.

Persons: Kamala Harris, Donald Trump, Jeff Horwitt, Bill McInturff, ” Horwitt, McInturff, Harris, Trump Organizations: NBC News, Democratic, Hart Research Associates, GOP, Republicans, NBC, Trump

Despite Aurora becoming a regular talking point at his rallies, a Trump campaign spokesperson declined to specify when or if the former president would visit the city. But Aurora has some important differences: It has a much larger population and has long been diverse. There has been crime, but it’s not clear how much of it is gang-related or directly attributed to increased migration. “They’re going in with guns that are beyond even military scope and they’re taking over apartment buildings,” Trump said Wednesday in North Carolina. Resources in Denver have been stretched thin — and migrants have sought housing in neighboring Aurora, where rent is cheaper.

Persons: Donald Trump, Mike Coffman, who’s, Trump, Coffman, “, “ They’re, ” Trump, Cindy Romero didn’t, ” Romero, ” She’d, ”, Romero, Greg Abbott, Emily Goodman, ” Coffman, Goodman, ” Goodman, Tren, it’s, Todd Chamberlain, ” Chamberlain, Kamala Harris, he’d, “ I’m, “ I’ve, They’re, ” Carlos Ordosgoitti, ” Ordosgoitti Organizations: AURORA, Republican, GOP, Aurora, Trump, Dallas, Texas Gov, Resources, East, East Colfax Community, NBC, they’ve, Fox News Locations: Colo, Colorado’s, Springfield , Ohio, ”, Charleroi, Pa, Aurora, North Carolina, Denver, East Colfax, Venezuelan, He’s, Venezuela

SKIP AHEAD Methodology | How we tested Hoka walking shoes | The best Hoka walking shoes | What’s so great about Hoka sneakers? How we tested Hoka walking shoesWhile testing Hoka walking shoes, we considered the following factors:Activity: We wore each sneaker while walking varying distances and for varying periods. Arch support : There are two main categories that shoes fall into: cushioning shoes and stability shoes. Material : We tested Hoka walking shoes between July and September to see how well they regulated our feet’s temperature. The best Hoka walking shoesAll the Hoka walking shoes we tested and recommend below are available in men’s and women’s sizes, as well as standard and wide widths.

Persons: I’ve, Hoka, it’s, Dr, Anne Sharkey, North Austin Foot, Sharkey, they’re, Cory Fernandez, Fernandez, “, ”, Zoe Malin, There’s, Jordan Bowman, Bowman, wasn’t, That’s, Hoka’s, Nikki Brown, ” Brown, Mili Godio, Brown, Lindsay Schneider, “ They’re, Schneider, Bianca Alvarez, ” Alvarez, Alvarez, Hokas Rebecca Rodriguez, Rodriguez, Rodriguez’s, Zoe Malin What’s, “ Hoka, Brooks, Max, Glycerin Max, there’s, TikTok Organizations: NBC, North Austin, Institute, Zappos, Hoka Clifton, Clifton, Bondi, Transports, Brooks, Nike, Facebook, Twitter Locations: New York City, cushioning, men’s, New York

Yang Yimin / University of Chinese Academy of SciencesThe Bronze Age coffin was discovered during the excavation of the Xiaohe Cemetery in 2003. The fact that those items included chunks of kefir cheese alongside the body showed that “cheese was important for their life,” she added. They identified the cheese as kefir cheese, which is made by fermenting milk using kefir grains. The journey of the cheese took them to tracing the journey of the kefir culture, which is used to make the final cheese. Asked if the kefir cheese was still edible and if she would try it, Fu was less enthusiastic.

Persons: ”, Fu Qiaomei, Xinjiang —, Yang Yimin, Fu, Ping Wanjing, Fu’s, they’re, ” Fu Organizations: Chinese Academy of Sciences, NBC News, University of Chinese Academy of Sciences, “ Locations: HONG KONG, China, Beijing, what’s, Xinjiang, East Asia, Xiaohe, Europe, Caucasus, Russia, Asia, Tibet

☆ OpenAI considering restructuring to for-profit, CTO Mira Murati and two top research execs depart
▼ + stars: | 2024-09-26 | by ( Hayden Field | Hayden Field Is A Cnbc Reporter | ) www.nbcnews.com time to read: +4 min

The structure would be more straightforward for investors and would make it easier for OpenAI employees to realize liquidity, the source added. News of the discussions comes after OpenAI Chief Technology Officer Mira Murati said Wednesday that she is leaving the company after six and a half years. They’re the latest high-level executive to depart OpenAI, which has exploded in popularity and value since releasing the ChatGPT chatbot in late 2022. Murati became a well-known name when OpenAI’s board abruptly ousted Altman last November and Murati was named interim CEO. Days later, Altman was back at the company and Murati moved back to her former role as CTO.

Persons: Mira Murati, Sam Altman, Bob McGrew, Barret Zoph, Murati, ”, “ There’s, ” Altman, OpenAI, Ilya Sutskever, Jan Leike, John Schulman, Anthropic, it’s, Altman, OpenAI’s, Sutskever, Helen Toner, Tasha McCauley, ” Murati, “, ” McGrew, he’s, Mark Chen, Zoph Organizations: Microsoft, Tiger Global, Nvidia, Apple, Street, Tech Locations: OpenAI

☆ Hong Kong gets two more giant pandas as Finland says it can’t afford its own bears
▼ + stars: | 2024-09-26 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

HONG KONG — Pandas An An and Ke Ke, a gift from Beijing to Hong Kong, arrived in the Chinese territory on Thursday to much fanfare, two days after Finland said it would return its own pair over mounting debts. Hong Kong officials welcomed the giant pandas at the city’s international airport with a red carpet on the tarmac and panda toys. The Sichuan-born male and female will increase the total number of pandas to six, the highest ever in the financial hub. Hong Kong leader John Lee said the pandas would soon receive new names through a public contest organized by the government. An An and Ke Ke’s arrival comes just after resident giant panda Ying Ying gave birth to twin cubs ahead of her 19th birthday.

Persons: Ke Ke, John Lee, Ying Ying, Xi Jinping, Jin Baobao, Roni Rekomaa, Ahtari, Risto Sivonen, Sivonen, ” Sivonen Organizations: HONG KONG —, Workers, Reuters, Nordic, Getty, Ahtari Zoo, Embassy Locations: HONG KONG, Beijing, Hong Kong, Finland, Sichuan, Guangdong Province, An, China, People’s Republic of China, Ahtari, AFP, Helsinki

☆ 50 Cent sets Diddy abuse allegations docuseries at Netflix: ‘It’s a complex narrative spanning decades’
▼ + stars: | 2024-09-26 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +4 min

Netflix is producing a docuseries from Curtis “50 Cent” Jackson about charges of sex trafficking and racketeering as well as sexual assault and violent abuse allegations against Sean “Diddy” Combs. It is a complex narrative spanning decades, not just the headlines or clips seen so far,” 50 Cent and Stapleton said in an exclusive statement to Variety. While the allegations are disturbing, we urge all to remember that Sean Combs’ story is not the full story of hip-hop and its culture. At the time, 50 Cent shared a clip on X that showed Bad Boy Records rapper Mark Curry alleging that Combs would spike bottles of champagne at his parties before women drank from them. Proceeds from the documentary, the rapper-producer said, will be used to support sexual assault victims.

Persons: Curtis “, Jackson, Sean “ Diddy ” Combs, Alexandria Stapleton, Stapleton, Sean Combs, Cent, Combs, Cassie Ventura, Mark Curry, Rodney “, Rod ” Jones, Jones, Grace O’Marcaigh, Christian, King ” Combs, Crystal McKinney, Kane, Dawn Richard, Cassie, ” Combs, ”, “ Organizations: Netflix, Stapleton, Texas Crew, Bad Boy Records, CNN, “, Homeland Security, Hollywood Locations: New York, Los Angeles, Miami

☆ World’s first 3D-printed hotel takes shape in Texas
▼ + stars: | 2024-09-26 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

It is building 43 new hotel units and 18 residential homes over 40 acres — all with a 3D printer. It is the world’s first 3D-printed hotel, says El Cosmico owner Liz Lambert and the partners behind the project — Austin, Texas-based 3D printing company ICON and architects Bjarke Ingels Group. The “ink” of this 3D printer is a special cement-based material called Lavacrete, a proprietary mixture designed for strength, affordable scale, and printability. In the long term, 3D-printed construction could displace some skilled laboring jobs, said Milad Bazli, a science and technology lecturer at Charles Darwin University in Australia. The hotel units will range between $200 and $450 per night.

Persons: El Cosmico, Liz Lambert, Bjarke, Lambert, ” Lambert, “ I’ve, It’s, ICON’s Vulcan, Jason Ballard, ” Ballard, Milad Bazli, “, ” Bazli Organizations: Bjarke Ingels, Charles Darwin University Locations: MARFA, Texas, El, Marfa, Austin , Texas, Austin, Australia

☆ Meryl Streep takes on the Taliban with a story about cats, squirrels and birds
▼ + stars: | 2024-09-26 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +4 min

CNN —When award-winning actress Meryl Streep spoke on the sidelines of the United Nations General Assembly about cats, squirrels and birds, she wasn’t making a point about hunters and prey. She was comparing all three with women and girls in Afghanistan – and pointing out that the animals have more rights. Wail Kohsar/AFP/Getty Images/FileTightening restrictionsSince taking power, the Taliban has gradually tightened restrictions on women and girls. The Taliban’s latest edicts last month, referred to by Streep, include the demand for women and girls to remain silent in public. After the Taliban banned women’s voices in public, some posted videos of themselves to social media, singing in defiance.

Persons: Meryl Streep, ” Streep, Penny Wong, Wail Kohsar, Streep, –, Julia Demaree Nikhinson, CNN’s Christiane Amanpour, Fawzia, Amanpour, ”, ” Fereshta Abbasi Organizations: CNN, United Nations General Assembly, Women, Getty, Taliban, UN, Rights Watch, International Court of Justice, United Nations, Human Rights Locations: Afghanistan, Kabul, Germany, Australia, Canada, Netherlands, United States, New York, Afghan, Baharak, Badakhshan province, AFP, The Hague, CEDAW, “

☆ Kamala Harris likely to win election, despite Trump being better on inflation, economy: CNBC CFO survey
▼ + stars: | 2024-09-26 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +2 min

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

☆ Swiss central bank cuts rates by a quarter point in third trim this year
▼ + stars: | 2024-09-26 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

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

☆ Podcast: How pro video gaming, or esports, is taking off with big dollars behind it
▼ + stars: | 2024-09-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +25 min

Finally, and most importantly, for the subject for this week's podcast, he's the Esports World Cup CEO. So if I would have any idea, any understanding on video games, right, I would watch that too. There's always a clear qualifying way to go to the Esports World Cup, right? I mean, in stadiums, security is being paid by the state for big competition, like a World Cup, right? Arjun KharpalAnd Ralf are you likely to keep the Esports World Cup in Saudi if you renew this next year?

Persons: Ralf Reichert, CNBC's, Tom Chitty, Reichert, Paris, Ralf Reichart, you've, it's, Arjun Kharpal Ralf, I've, I'd, There's, Arjun Kharpal, we're, haven't, Ralf Reichart It's, what's, Tom Chitty Ralf, What's, I'm, esports, we've, We've, Ralf, Ralf Reichart I'd, that's, Arjun, Tom, we'll Organizations: Sports League Gaming, MLS, Premier League, esports, Saudi Locations: esports, Riyadh, Saudi, German, Gothenburg, Sweden, Bangladesh, China, East, Africa, Saudi Arabia

☆ Black voters: Harris still lags behind Biden’s 2020 margins but new CNN poll suggests she has room to grow support
▼ + stars: | 2024-09-26 | by ( Edward Wu | ) edition.cnn.com time to read: +7 min

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

☆ A way to play the China stock breakout using options following the big stimulus there
▼ + stars: | 2024-09-26 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

The Fed effectively cut rates to zero during the pandemic plunge, and the S & P had an extraordinary bull market. How to play it Consider PDD Holdings . PDD Holdings Inc. is a multinational commerce group that owns and operates several online platforms. PDD YTD mountain PDD Holdings, YTD The share price is nearly 44% below the all-time highs of early 2021. If you're looking for a single stock to get involved with to hitch your wagon to PBOC's train, consider PDD Holdings.

Persons: you've, I've, PDD Organizations: Fed, People's Bank of China, Holdings, PDD Holdings Inc, Pinduoduo, PDD Holdings, CNBC, NBC UNIVERSAL Locations: U.S, United States, China

☆ UniCredit's pursuit of Commerzbank reflects a watershed moment for Europe — and its banking union
▼ + stars: | 2024-09-26 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +4 min

Kirill Kudryavtsev | Afp | Getty ImagesEuropean banking's latest takeover battle is widely regarded as a potential turning point for the region — particularly the bloc's incomplete banking union. Whatever the outcome of UniCredit's swoop on Commerzbank, Marsh said the episode marks "another huge test" for German Chancellor Olaf Scholz. What is Europe's banking union? OMFIF's Marsh said Germany's opposition to UniCredit's move on Commerzbank means Berlin "now stands accused of favouring European banking integration only on its own terms." The logo of German bank Commerzbank seen on a branch office near The Commerzbank Tower in Frankfurt.

Persons: Kirill Kudryavtsev, Italy's UniCredit, David Marsh, Marsh, Olaf Scholz, Scholz, –, Germany's Scholz, OMFIF's Marsh, UniCredit's, Daniel Roland, Onur Genç, Mario Centeno, CNBC's, —, Centeno Organizations: European Central Bank, Afp, Getty, London, European Union, CNBC, BBVA, Banco Sabadell, Reuters, European Central Bank's Governing, EU Locations: Frankfurt, Germany, Germany's, Milan, Europe, Commerzbank, Italy, Berlin, Spanish, Brussels, Spain

☆ From passion to profit: OpenAI's latest shakeup shows the AI race is about who has the deepest pockets
▼ + stars: | 2024-09-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Altman could reportedly receive a 7% equity stake, which would be worth about $10.5 billion at OpenAI's new valuation. In March, The New York Times reported Murati raised concerns about Altman's leadership style to the board before the ouster. Barret Zoph, the company's vice president of research, and Bob McGrew, OpenAI's chief research officer, are also departing the startup, Altman announced on X . "I obviously won't pretend it's natural for this one to be so abrupt, but we are not a normal company," Altman wrote.

Persons: —, Sam Altman, Altman, Mira Murati, Slack, Murati, Barret Zoph, Bob McGrew, Joel Saget, Jenny Chang, Rodriguez, Meta —, it's, Elon Musk's, OpenAI Organizations: Service, Business, Employees, The New York Times, Lakshmi, OpenAI's, Meta, Reuters, Anthropic Locations: OpenAI, Lakshmi Varanasi

☆ David Tepper says the Fed has to cut rates at least two or three more times to keep credibility
▼ + stars: | 2024-09-26 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Appaloosa Management's David Tepper said investors should believe the Federal Reserve when it says it will lower interest rates because the central bank has now to keep credibility. "Probably two or three interest rates, 25 basis point cuts, they have to do, or they lose credibility," Tepper said. You know, another 25, 25, 25 seems like it's going to have to be done." The super-sized rate cut last week came despite most economic indicators looking fairly solid. "It was around the 90s in that market where the where the Fed cut rates into Y2K in a good economy," he said.

Persons: David Tepper, Tepper, " Powell, Jerome Powell, Rich, " Tepper Organizations: Federal Reserve, Gross, Atlanta Fed, U.S, National Football League's Carolina Panthers Locations: U.S, China

☆ Gold lingers near record highs, Powell's speech eyed for rate cues
▼ + stars: | 2024-09-26 | by ( ) www.cnbc.com time to read: +2 min

Gold prices were steady on Thursday, hovering close to record highs, on expectations of another big U.S. rate cut this year, although gains were limited ahead of remarks by key Federal Reserve policymakers later in the day. Gold prices were steady on Thursday, hovering close to record highs, on expectations of another big U.S. rate cut this year, although gains were limited ahead of remarks by key Federal Reserve policymakers later in the day. Bullion has risen nearly 29% so far in 2024 and hit record highs several times this year, largely fueled by monetary policy easing by major global banks and geopolitical concerns. Last Wednesday, the Fed delivered a 50-basis-point rate cut, with traders seeing a 62% chance of an additional half-percentage-point reduction in November, according to the CME FedWatch Tool. Additionally, U.S. jobless claims data on Thursday and the core personal consumption expenditure index — the Fed's preferred inflation — on Friday, will be eyed for further rate cues.

Persons: Tim Waterer, Bullion, Jerome Powell, John Williams, Michael Barr, Nicholas Frappell Organizations: U.S ., KCM, Fed, New York Fed, ABC Refinery Locations: .

☆ CEO who coined 'coffee badging' says it shouldn't have a 'negative connotation'
▼ + stars: | 2024-09-26 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

Love it, hate it or wished it stayed under wraps, the secret on coffee badging is out, and not everyone is a fan. Some have faced repercussions: 70% of workers said they've been caught coffee badging by their bosses, and 16% are now required to be in the office for the full day. "There shouldn't be a negative connotation to coffee badging," says Frank Weishaupt, CEO of Owl Labs, who says he does it too. Being strategic about in-office time means "you're meeting with your colleagues, you're mentoring employees, you're being mentored or you're doing other collaboration activities," he says. Coffee badging, on the other hand, can boost productivity, he says, by inspiring teams to audit their calendars and be intentional about their in-person collaboration versus independent work time.

Persons: they've, doesn't, Frank Weishaupt, Weishaupt, he's Organizations: Owl Labs, CNBC

☆ China's surprise stimulus could be a red flag, so investors should approach the nation's long-awaited rally with caution
▼ + stars: | 2024-09-26 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

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

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