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☆ Big names like David Tepper and 'Big Short' investor Michael Burry are quietly upping their bets on the Chinese economy
▼ + stars: | 2024-09-17 | by ( Zahra Tayeb | ) www.cnbc.com time to read: +5 min

From property woes to sluggish economic data, China appears to be suffering from long Covid. Wall Street turns bullishBillionaire investors, including Appaloosa Management founder David Tepper and "Big Short" investor Michael Burry, recently revealed they are sticking to their China bets. The famed investor loaded up on Alibaba stock in the second quarter, revealing an $11.2 million position in the company. That makes Alibaba Burry's largest holding, with other Chinese tech stocks including Baidu and JD.com also featuring on Burry's portfolio. Meanwhile, BCA Research recently upgraded Chinese onshore stocks to overweight, with China strategist Jing Sima expecting Chinese onshore stocks to passively outperform global equities.

Persons: Jiang Sheng, It's, Ted Alexander, CNBC's, David Tepper, Michael Burry, Alibaba, Tepper, Burry, JD.com, Jing Sima, George Boubouras, Goldman Sachs, Song Zhiyong, Eric Lin Organizations: Visual China, Getty, Appaloosa Management, KE Holdings, Baidu, BCA Research, K2 Asset Management, CNBC, Bank of America, National Bureau of Statistics, China's Ministry of Transport, Civil Aviation Administration, Asia Pacific Summit for Aviation Safety, Paris Olympic Games, Greater, Greater China Research, UBS Locations: China, Beijing, Wall, Japan, South Korea, Singapore, Europe, Greater China

☆ The last 2 messages the Titan submersible's passengers sent before the vessel imploded
▼ + stars: | 2024-09-17 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

Shortly before the message, the Polar Prince sent the submersible several messages over the course of 12 minutes, asking if it could see the support vessel on its display, but the Titan did not respond. AdvertisementWhen it finally responded about four minutes later, the Polar Prince sent the message, "I need better comms from you," to which Titan responded, "Yes." The last message that the Titan sent to the Polar Prince was "dropped 2 wts," per the animation. The animation showed that the Titan lost contact with the Polar Prince at 10:47 a.m. Related storiesThe hearing takes place more than a year after the Titan submersible set off to explore the wreckage of the RMS Titanic, nearly 13,000 feet underwater.

Persons: —, Polar Prince, Tony Nissen, Bonnie Carl, David Lochridge, OceanGate, Hamish Harding, Shahzada Dawood, Suleman, Paul, Henri Nargeolet Organizations: Service, Titan, Coast Guard Marine Board of, Coast Guard, Business, Polar, CNN, Stockton Rush Locations: Newfoundland, North Charleston , South Carolina, British

☆ Many Haitians in Springfield are on Temporary Protected Status — which could disappear if Trump wins
▼ + stars: | 2024-09-17 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +6 min

Read previewAround 200,000 Haitians living in the US are on Temporary Protected Status, including many of those living in Springfield, Ohio, who have been targeted by former President Donald Trump and others with baseless claims about eating pets. Trump has already called for mass deportations from the town, saying last week: "We're going to start with Springfield and Aurora." "Once a country is designated, each individual covered by the designation must apply separately for TPS status," she said, noting that existing TPS holders must also renew their paperwork with each redesignation. However, if Trump wins, Leblang told BI this is far less likely. Indeed, it already was once before when Trump sought to end TPS for certain countries during his last administration.

Persons: —, Donald Trump, Trump, Nancy Morawetz, Alejandro Mayorkas, Tom K, Wong, Harris, David Leblang, Leblang, Justin Sullivan, Lori A, Nessel, Biden, Julia Gelatt, Gelatt Organizations: Service, Trump, TPS, Haiti, Business, Biden, NYU, BI, Homeland, US Immigration Policy Center, University of Virginia, Seton Hall University School of Law, Department of Homeland Security, US Locations: Springfield , Ohio, Haitian, Springfield, Aurora, Haiti, Honduras, Nicaragua, El Salvador, Sudan, Canada

The Iran-backed militant group said the wireless devices began to explode around 3:30 p.m. local time in a targeted Israeli attack on Hezbollah operatives. Experts say the explosions, unprecedented in their scale and nature, underscore Hezbollah’s vulnerability as its communication network was compromised to deadly effect. CNN could not geolocate the image, but has verified it was published Tuesday, the same day as the explosions. Hostilities are at an all-time high between Israel and Hezbollah following Hamas’ October 7 attack on Israel. US Secretary of Defense Lloyd Austin spoke twice with his Israeli counterpart, Israeli Defense Minister Yoav Gallant, according to two US defense officials.

Persons: Israel, ”, Hassan Nasrallah, “, Avi Melamed, ” Melamed, David Kennedy, I’ve, John Miller, Amos Yadlin, Nasrallah, Yahya, ” Yadlin, Kim Ghattas, Ahmad Kaddoura, Miller, Ismail Haniyeh, Mohamed Azakir, ’, Defense Lloyd Austin, Yoav Gallant Organizations: CNN, Hamas, Middle, GPS, New York Times, Times, US National Security Agency, Intelligence, Getty, American University of, American University of Beirut Medical Center, Reuters, Global, Defense, Israeli Locations: Lebanon, Iran, Gaza, East, Israel, Lebanese, Israeli, Sidon, Anadolu, United States, Iranian, Tehran, American University of Beirut

“It was all smoke and mirrors,” he said of the way the company operated. Former employees painted a picture of a company that cut corners in its haste to embark on missions with a poorly designed submersible. “They wanted to be able to qualify a pilot in a day, someone who had never sat in a submersible. The submersible lost contact with its mother ship during its dive to the Titanic on June 18, 2023. When the investigation is complete, the US Coast Guard and the National Transportation Safety Board will each conduct an independent analysis and complete reports, said Jason Neubauer, the chair of the Marine Board of Investigation.

Persons: David Lochridge, OceanGate, ”, Lochridge, – that’s, “, Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet, Jason Neubauer, CNN’s Dakin Andone, Cindy Von Quednow Organizations: CNN, US Coast Guard, Marine Board of, OceanGate, Marine Board of Investigation, Coast Guard, Stockton Rush, National Transportation Locations: Everett , Washington, Newfoundland, Canada

“I’m here to support my wife and everybody else that deserves the right to have freedom of their reproductive rights,” said Goldberg, a 70-year-old retired computer software developer. Women clearly feel the impact of abortion restrictions, said Harris campaign manager Julie Chavez Rodriguez. At the same time, he argued, there’s no precedent for reproductive rights being a driving issue for men. The couple has become surrogates for the Harris campaign on reproductive rights, including at last month’s Democratic National Convention. “I’m here because the fight for reproductive rights isn’t just a women’s fight,” Josh Zurawski said at the Chicago convention.

Persons: Marcia Ruberg, ”, Kamala Harris, Gary Goldberg, “, Goldberg, Dobbs, —, Harris, Tim Walz, Doug Emhoff, Julie Chavez Rodriguez, Michael Cook, Ayres, Republican pollster, ’, ” Ayres, –, Samuel Chen, there’s, Chen, Pennsylvania Sen, Pat Toomey, Mike Mikus, Josh Shapiro, ” Shapiro, she’s, Joe Biden, Trump, Biden, Hadley Duvall, Duvall, Roe, surrogates, Morgan Mohr, Harris ’, Governor Shapiro, ” Mohr, Tony Goldwyn, Zachary Quinto, Josh Zurawski, Amanda Zurawski, isn’t, ” Josh Zurawski, ” Alexis McGill Johnson, ” Johnson, Fatima Goss Graves, ” Graves, Shapiro, ” Duvall, Andy Beshear, “ That’s, it’s, Chris Scholding, Larry Padersky Organizations: Philadelphia CNN, Trump, Democratic, CNN, Philadelphia, Republican, Pennsylvania, Pennsylvania Democratic Gov, Reproductive, Pittsburgh, Democratic National Convention, National Women’s Law, Fund, GOP, Harris Locations: Pennsylvania, Yardley , Pennsylvania, Pittsburgh, Florida, Philadelphia, Scranton, Allentown, Harrisburg, Chicago, Kentucky, New Jersey

☆ Latinas contributed $1.3 trillion to U.S. economy, new report says. That number could be even bigger
▼ + stars: | 2024-09-17 | by ( Sean Conlon | ) www.cnbc.com time to read: +6 min

That marks a real GDP growth rate of 51.1% between 2010 and 2021, meaning an economic contribution that's 2.7 times that of the non-Hispanic population. Despite those large figures, some economists think that U.S. Latinas could be contributing more to GDP than the report's figure. A growing forceWhen it comes to labor force participation, Latinas are outpacing other groups, the BofA report showed. Conversely, the non-Latino labor force growth rate was negative that year, meaning that more people left the labor force than entered it. "Whereas all Latinos are a source of economic strength, Latinas are drivers of vitality that the economy needs."

Persons: Manolo, Jeffrey Greenberg, Jeff Greenberg, Belinda Román, Mónica, Pérez, Matthew Fienup, David Hayes, Bautista, —, Latinas, Elise Gould, Andrew Lichtenstein Organizations: Miami, Universal, Getty, Bank of America, St, Mary's University, CNBC, Fayetteville State University, Latina, Center for Economic Research, California Lutheran University, Center, Latino Health, Culture, School of Medicine, UCLA, Drivers, Economic, EPI, Brooklyn Puerto Rico Day, Corbis Locations: Miami Beach , Florida, U.S, Florida, California , Texas, New York, Brooklyn, Bushwick, Brooklyn , New York

☆ Wrexham vs. Birmingham: Major stars gather to watch new ‘Hollywood’ fixture
▼ + stars: | 2024-09-17 | by ( Ben Church | ) edition.cnn.com time to read: +4 min

CNN —A few years ago, a fixture between Wrexham and Birmingham would pass a lot of people by. Almost 30,000 fans gathered at the St. Andrew’s Stadium on Monday for the League One soccer match, along with some of the biggest stars from sport, film and television in attendance. Brady and McElhenney both traveled to the Birmingham to watch the game, which the host eventually won 3-1. The result was a bit of a rude awakening for Wrexham, who had been unbeaten in the league this season before Monday. “The beauty of the English game is the history, the tradition, the passion,” Watt wrote on X, formerly known as Twitter.

Persons: Tom Brady, Ryan Reynolds, Rob McElhenney, Brady, McElhenney, David Beckham, Romeo, Reynolds, Tom Wagner, ”, Alex Pantling, Matthew Childs, Garry Cook, JJ Watt –, –, ” Watt, they’ll Organizations: CNN, Wrexham, Andrew’s, League One, NFL, Blues, Sky Sports, League, ” Wrexham, Birmingham, Birmingham City, BBC Sport, Burnley Locations: Birmingham

☆ Elizabeth Warren calls for emergency-like Fed rate cut ASAP
▼ + stars: | 2024-09-17 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —The American economy appears to be just hours away from a major milestone: The first interest rate cut from the Federal Reserve since Covid. Yet there remains an unusual amount of drama over the magnitude of that rate cut, with some in Washington calling for a supersized move. Massachusetts Democratic Sen. Elizabeth Warren wants the Fed to slash interest rates at a pace rarely seen outside of a full-blown crisis. “It is clearly the time for the Fed to cut rates. For instance, in early 2008 the Fed slashed interest rates by three-quarters of a point or more on three occasions.

Persons: Massachusetts Democratic Sen, Elizabeth Warren, Jerome Powell, Warren, “, ” Warren, Sheldon Whitehouse, John Hickenlooper, Powell, Bill Dudley, “ dawdling, Dudley, ” Dudley, panicking, David Kelly, ” Kelly, ” Organizations: New, New York CNN, Federal Reserve, Massachusetts Democratic, Sens, Wall, Fed, Federal Reserve Bank of New, CNN, Democrats, Asset Management Locations: New York, Washington, Massachusetts, Federal Reserve Bank of New York

The Miami Heat on Monday blasted "hateful speech" aimed at Haitian immigrants, who have been targeted by baseless claims they're stealing and eating pets in Ohio. "The false narrative surrounding them is hurtful and offensive and has sadly made innocent people targets of hateful speech and physical threats," the team said in a statement on Monday. Several schools and municipal buildings were closed in Springfield last week after threats were called in to the Ohio community. The threats unfolded in the wake of wild and completely baseless claims of Haitian immigrants stealing and eating pets. Those lies have gained strength in the past week, with Tump and Vance spreading the fringe, far-right tales.

Persons: Donald Trump, JD Vance, Florida's, Vance, ”, he's, that'll, Vanessa Cardenas, Sophia Pierrelus Organizations: Miami Heat, Dade, NBC, CNN, Union, America's Locations: Ohio, Springfield , Ohio, Florida's Miami, Dade County, Springfield, “ State, Port, Columbus

The winless Carolina Panthers benched struggling quarterback Bryce Young, the No. 1 pick in the 2023 NFL Draft, in favor of veteran Andy Dalton, the team announced Monday. “This is the best decision for our group, our team, going forward,” Canales said Monday. Young, last year's top pick after a stellar college career at Alabama, has struggled to up his game on Sundays. He started 16 games of the Panthers' woeful 2-15 campaign last year.

Persons: Bryce Young, Andy Dalton, Dave Canales, Young, ” Canales, I’m, He's, Dalton, he's, I've Organizations: Carolina Panthers, Panthers, Los Angeles Chargers, Alabama, NFL, Las Vegas Raiders, Bengals, Pro Bowl Locations: Carolina, Carolina's, Cincinnati

The man arrested in connection to an apparent attempted assassination of former president Donald Trump appeared to follow law enforcement directions and was taken into custody without incident, footage of the confrontation released on Monday showed. Driver go straight back, keep walking," a law enforcement agent wearing what appeared to be a protective "SHERRIF" vest said. Two law enforcement agents then grabbed his hands and handcuffed the man, the video showed. A witness who spotted Routh and his car was crucial to helping law enforcement find the suspect quickly, Martin County Sheriff William Snyder said. "If he's a lone gunman, President Trump is that much safer because we have him.

Persons: Donald Trump, Ryan Wesley Routh, Routh, Martin County Sheriff William Snyder, Snyder, Trump Organizations: Sheriff’s, Martin County Sheriff Locations: Martin, Trump's Florida, Martin County

Ryan Wesley Routh, 58, was pulled over and taken into custody without incident by a Martin County Sheriff’s traffic unit on Interstate 95, authorities said. Ryan Wesley Routh following his arrest in Martin County, Fla., on Sunday. Martin County Sheriff's Office via AFP - Getty ImagesWhat kind of weapons were involved? A representative of the International Legion told NBC News on Monday that Routh never served in that fighting force. Routh said in 2020 he had backed candidate Trump in the past, but expressed his disappointment with the Trump presidency.

Persons: Donald Trump, what's, Trump, Ric Bradshaw, wasn't, Ryan Wesley Routh, Bradshaw, Routh, Ryan Routh, Valentyn Ogirenko, Tulsi Gabbard, Joe Biden, Vladimir Putin, Biden, Kamala Harris, Bernie Sanders, Joe, hillary Organizations: Service, Secret Service, Nissan, AFP, Getty, Ukraine, Newsweek Romania, International Legion, Defense, NBC, Reuters, Trump, Gabbard, Democratic, Greensboro News Locations: Palm Beach, Martin County, Fla, Ukraine, Kyiv, Mariupol, Vermont, North Carolina, Greensboro , North Carolina

The Titan submersible plunged thousands of feet down the forbidding depths of the North Atlantic Ocean in search of the Titanic wreck site when it imploded, killing all five on board. OceanGate came under heavy scrutiny as a result of the disaster — an almost unheard-of occurrence in the submersible industry. But after the Titan didn’t return at its scheduled time, the Polar Prince contacted the Coast Guard. The suit remains ongoing, and a former OceanGate engineering director, Tony Nissen, named as a defendant, is expected to appear Monday at the Coast Guard hearing. “The Titan submersible did not just go down with its inventor — it went down with paying passengers.”

Persons: —, Guillermo Söhnlein, Jason Neubauer, OceanGate, “, voyagers, Polar Prince, Paul, Henri Nargeolet, Hamish Harding, Shahzada Dawood, Suleman, Rush, “ Stockton, I’d, ” Söhnlein, David Lochridge, Lochridge, ” OceanGate, Nargeolet, Tony Nissen, Neubauer, Peter Girguis, there’s, ” Girguis Organizations: Coast Guard, Marine Board, OceanGate, Marine Board of, Department of Justice, Polar, Stockton Rush, Associated Press, Harvard University, Oceanographic Locations: Canada’s, French, North Charleston , South Carolina, Washington, U.S

☆ Central Europe braces for more flooding as death toll rises
▼ + stars: | 2024-09-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

A man shovels debris in floodwater following heavy rainfall in Jesenik, Czech Republic, on Sept. 15, 2024. In Jesenik, a Czech town across the border that was inundated on Sunday, a clean-up was starting after waters receded to show damaged cars and debris on the streets. Flooded parts of the northeastern Czech city of Ostrava forced the closures of a power plant supplying heat and hot water to the city as well as two chemical plants. State news agency PAP reported five deaths in Poland, and in the Czech Republic one person died, a police official said. Slovakia’s capital Bratislava and the Hungarian capital Budapest were both preparing for possible flooding as the River Danube rose.

Persons: Donald Tusk, Michal Piszko, David W Cerny, ”, Zdenek Kuzilek, Emil Dragomir, Slobozia Conachi, Jacek Sutryk, Sandor Pinter Organizations: European Union, Reuters, “ Telephones, Facebook Locations: Europe, Czech Republic, Poland, Austria, Romania, European, Klodzko, Czech, Jesenik, Polish, Nysa, Slobozia, Romanian, Kozielno, Wroclaw, Silesia, Prague, Ostrava, Austrian, Lower Austria, Vienna, Slovakia’s, Bratislava, Budapest, Hungarian

☆ China frees American pastor who U.S. claims was wrongly jailed
▼ + stars: | 2024-09-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

China has freed David Lin, a U.S. pastor who had been in jail since 2006, the State Department said Sunday, marking the release of a man who Washington claims was wrongfully detained. U.S. politicians had for years urged Beijing to free Lin, who was jailed for life on charges of contract fraud. “We welcome David Lin’s release from prison in the People’s Republic of China. American pastor David Lin and his daughter Alice in 1984. Bring Our Families Home Campaign/ Alice LinLin’s daughter Alice earlier told Politico that her 68-year-old father would be arriving in San Antonio, Texas.

Persons: David Lin, Washington, Lin, David Lin’s, ”, Alice, Alice Lin Lin’s, “, ” Politico, Joe Biden, Xi Jinping, Kai Li, Mark Swidan, Li, Swidan Organizations: State Department, Politico, Senate Foreign Locations: China, U.S, Beijing, People’s Republic of China, United States, San Antonio , Texas, Mark Swidan . Washington

☆ FDA clears Apple's sleep apnea detection feature for use. Here's how it works
▼ + stars: | 2024-09-16 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Sleep apnea is a sleep disorder that causes a person's breathing to repeatedly stop and start throughout the night. If it goes untreated, sleep apnea can cause fatigue and lead to more serious health issues like heart problems, hypertension and Type 2 diabetes. Apple's sleep apnea detection feature marks the company's latest attempt to position its wearables as a cheaper, simpler alternative to many existing health-care tests and devices. To get evaluated for sleep apnea, for instance, patients typically participate in an at-home test or an in-lab test where they're monitored overnight. The at-home sleep apnea test from Sleep Doctor costs $189, for example.

Persons: Tim Cook, David Paul Morris, Sumbul Desai Organizations: Apple Inc, Apple, Bloomberg, Getty, . Food, Drug Administration, American Medical Association, Care, Community Health Locations: Cupertino , California, U.S

☆ It's a big week for central banks around the world, with a slew of rate moves on the table
▼ + stars: | 2024-09-16 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

Kevin Dietsch | Getty ImagesA flurry of major central banks will hold monetary policy meetings this week, with investors bracing for interest rate moves in either direction. The U.S. central bank is widely expected to join others around the world in starting its own rate-cutting cycle. Elsewhere, Brazil's central bank is scheduled to hold its next policy meeting across Tuesday and Wednesday. Traffic outside the Central Bank of Brazil headquarters in Brasilia, Brazil, on Monday, June 17, 2024. The central bank delivered its first interest rate cut in more than four years at the start of August.

Persons: Jerome Powell, William McChesney Martin, Kevin Dietsch, John Bilton, CNBC's, Bilton, David Volpe, Volpe, 25bps, Wilson Ferrarezi, BOE, Ruben Segura Cayuela Organizations: Federal Reserves, Washington , D.C, Federal, Traders, The Bank of England, Norway's Norges Bank, South Africa's, Bank, Bank of Japan, Morgan Asset Management, European, Bank of England, ECB, Emerald Asset Management, Banco Central, TS Lombard, Central Bank of, Bloomberg, Getty, Reuters, Bank of America Locations: Washington ,, U.S, Brazil's, Brazil, Central Bank of Brazil, Brasilia, South Africa, Norway, Japan

☆ Former MoviePass CEO Mitch Lowe has pleaded guilty to securities fraud conspiracy
▼ + stars: | 2024-09-16 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +1 min

Former MoviePass CEO Mitch Lowe has pleaded guilty to securities fraud conspiracy. Lowe's actions as CEO helped push MoviePass and its parent company into bankruptcy in 2020. AdvertisementMitch Lowe, the former CEO of MoviePass, has pleaded guilty to securities fraud conspiracy, Variety reported on Monday. Lowe, whose actions as CEO helped drive the popular movie-ticket-subscription app into bankruptcy, admitted to conspiring to deceive the public and investors. "Mitch is a good man who is looking to move forward with his life," Margot Moss and David Oscar Markus, Lowe's lawyers, said in a statement to Business Insider.

Persons: Mitch Lowe, Lowe, —, Mitch, Margot Moss, David Oscar Markus, Lowe's Organizations: Service, Variety, Business

☆ My family immigrated to the UK with nothing when I was 5. Now I run a fitness empire that made $70 million last year.
▼ + stars: | 2024-09-16 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +8 min

I was an immigrant child, and growing up in the UK in an Albanian family wasn't easy. It's ironic, given that I now run two fitness businesses and my main passion is getting women into strength training. I now run two fitness businesses that combined made over $70 million last year. What strength training does for your mind and body is profound; it's so empowering. It was good for SEO but contradicted our message and ethos, which is that strength training is about more than just how your body looks.

Persons: —, Krissy Cela, — I'd, Jack Bullimore, I've, David, Lukas Kurzmann, I'd, We've, Oner, I'm Organizations: Service, Business Locations: London, LA, Albania, Greece, PE

☆ Marc Benioff says AI and humans are now indistinguishable in customer service
▼ + stars: | 2024-09-16 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Salesforce CEO Marc Benioff says AI and human customer service agents are indistinguishable. Benioff said AI agents had reached "another level of capability." Customer service is seen as one of the sectors where AI could have the biggest impact. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMarc Benioff thinks AI has progressed to a point where humans and AI customer service agents are now indistinguishable.

Persons: Marc Benioff, Benioff, —, David Sacks Organizations: Service, Business

☆ Elon Musk deletes post questioning the Trump assassination attempt
▼ + stars: | 2024-09-16 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

CNN —Elon Musk deleted a post Monday morning that questioned why former President Donald Trump has faced two apparent assassination attempts in recent months while President Joe Biden and Vice President Kamala Harris have not encountered any. “And no one is even trying to assassinate Biden/Kamala 🤔,” Musk wrote in the now-deleted X post. However, Musk subsequently responded to a similar post, replying with a thinking face emoji to a photo that noted the four presidents who preceded Trump faced no assassination attempts when Trump has apparently encountered two. CNN requested comment from the Secret Service, which is tasked with investigating perceived threats against the president and vice president – sometimes even if they are made in jest. Musk endorsed Trump for president after an assassination attempt in July, and he hosted Trump last month in an interview on X.It’s part of a rightward shift for Musk that has gained steam in recent years.

Persons: CNN — Elon, Donald Trump, Joe Biden, Kamala Harris, Musk, Biden, Kamala 🤔, ”, ake, hite Organizations: CNN, ust Locations: usk, ut, …

☆ Washington and Seoul discussing new deal on cost sharing for US troops in South Korea ahead of a potential Trump election victory
▼ + stars: | 2024-09-16 | by ( Kylie Atwood | ) edition.cnn.com time to read: +4 min

The negotiations over the Special Measures Agreement, known as the SMA, strained the US-South Korea alliance during the Trump administration. Former President Donald Trump demanded Seoul pay up to 400% more for the presence of the 28,500 US troops in the country during negotiations over the current agreement. Under the current agreement, South Korea pays about $1 billion annually, representing an increase of about 13.9% over previous SMAs. Earlier this year, Trump said that he did not think the South Korea is paying enough based on the last agreement. One complication is that a deal will have to be approved by South Korea’s national assembly — which is dominated by the opposition party to South Korean President Yoon Suk Yeol.

Persons: —, Trump, Donald Trump, Kim Jong Un’s, Joe Biden, ” Trump, Yoon Suk, “, ”, David Maxwell Organizations: CNN, Seoul, South, State Department, ROK, South Korean Ministry of Foreign, Biden, Defense Department, Biden Administration, US, Foundation for Defense of Democracies, Trump Locations: Washington, Seoul, South Korea, North Korea, Korea

☆ Fed's new dot plot will be important to watch, says Jefferies' David Zervos
▼ + stars: | 2024-09-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed's new dot plot will be important to watch, says Jefferies' David ZervosDavid Zervos, Jefferies chief market strategist, joins 'Squawk on the Street' to discuss Zervos' expectations for the Federal Reserve, if the Fed's decision concerns politics at all, and more.

Persons: Jefferies, David Zervos David Zervos Organizations: Jefferies, Federal Reserve

☆ Private-label grocery brands boomed during inflation. Prices are down, but store-brand items keep going higher
▼ + stars: | 2024-09-16 | by ( Bob Woods | ) www.cnbc.com time to read: +10 min

Private brands — also called store brands and private-label brands — of foods and beverages have shared shelf space with national brands for years. Customer shopping habits are changing for goodIn the past, the value proposition of private brands was driven primarily by lower prices. But consumer attitudes are evolving, according to a recent survey by the Food Industry Association, which represents both food retailers and producers. And 46% said they expect to buy private brands somewhat or much more, compared to 27% saying that for national brands. "In the U.S., the market for private brands as an industry to eclipse national brands is not something we'll see," Baker said.

Persons: Peggy Davies, they've, Kraft Heinz, —, Rick Gomez, Sally Lyons Wyatt, John David Rainey, Scott Morris, Kroger, King Scoopers, Albertsons, Smart, Lyons Wyatt, They've, Doug Baker, Baker, Gen Zers, Xers, Steve Zurek, there's, Zurek, Morris, Gen, Joe's Organizations: Retailers, Private Label Manufacturers Association, Procter & Gamble, Walmart, Kroger, Albertsons, Target, Wall Street, Walmart U.S, Brands, Metro Market, Food Industry Association, Aldi Locations: Kellogg's, U.S, California , Florida, Western Europe

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