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☆ Innovations in glass technology are driving progress in energy, sustainability, and consumer products. Here's what that looks like.
▼ + stars: | 2024-10-25 | by ( ) www.businessinsider.com time to read: +7 min

Since Otto Schott invented specialty glass in 1884, the simple material has become a cornerstone of modern technology, and driving innovation. From semiconductors to clean energy, home tech, and electric vehicles, glass is the silent enabler of progress. Specially engineered laser glass helped researchers achieve what was once thought impossible: creating more energy from a reaction than was put into it. The light, amplified by active laser glass and focused through precisely crafted optical glass, delivered significant energy to a tiny fuel pellet, triggering a fusion reaction that produced a net energy gain. The fusion reaction generated 3.15 megajoules of energy, exceeding the 2.05 megajoules of laser energy delivered to the target.

Persons: Bill James, Otto Schott, SCHOTT Organizations: SCHOTT North, Industry, photonics, Lawrence Livermore National Laboratory, SCHOTT, Insider Studios Locations: SCHOTT North America

— 42% of national registered voters pick Harris, while 40% choose Trump. Comparing Trump’s and Harris’ popularityIn addition, the CNBC poll shows Trump slightly more popular than Harris nationally, with Trump’s rating at 42% positive, 48% negative (-6 net rating), while Harris' stood at 39% positive, 49% negative (-10). But their ratings are almost identical in the battleground states — 44% positive, 49% negative for Trump (-5), compared with Harris’ 43% positive, 48% negative rating (-5). That 4-point edge for Republicans is identical in the combined battleground states, 48% for Republicans to 44% for Democrats. CNBC’s poll was conducted Oct. 15-19 of 1,000 registered voters, which has a margin of error of plus or minus 3.1 percentage points.

Persons: CNBC’s, Republican Donald Trump, Democrat Kamala Harris, Harris, ” Trump, Trump, Jay Campbell, Campbell, Micah Roberts Organizations: Republican, Democrat, Trump, America Economic Survey, NBC News, CNBC, Democratic, Hart Research Associates, Republicans Locations: Arizona, Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, Arizona , Georgia

☆ King Charles and Keir Starmer brace for reparations debate at Commonwealth summit
▼ + stars: | 2024-10-24 | by ( Rob Picheta | Lauren Said-Moorhouse | ) edition.cnn.com time to read: +4 min

London CNN —Britain’s government and King Charles III are bracing for a heated conversation about reparations for the transatlantic slave trade, as the issue looks set to overshadow a summit of Commonwealth leaders in Samoa. UK Prime Minister Keir Starmer told reporters on his journey to the Pacific island nation: “I think we should be facing forward. Successive British governments have resisted calls to formally apologize for the slave trade, or to entertain the prospect of reparations. Britain's Prime Minister Keir Starmer speaks with his Australian counterpart, Anthony Albanese, at a state banquet opening the summit on Thursday. Also in attendance in Samoa is King Charles III, who arrived in the capital of Apia on Wednesday from Australia, and will formally open the summit as head of the organization.

Persons: London CNN —, King Charles III, Keir Starmer, “ I’ve, Patrick Robinson, Anthony Albanese, Stefan Rousseau, Charles, ”, Queen Elizabeth II, Prince William, King Charles Organizations: London CNN, UK, National Archives, Brattle Group, University of West, Court, Britain's, Commonwealth, Reuters Locations: Commonwealth, Samoa, Pacific, Historic England, Caribbean, University of West Indies, Britain, Apia, Australia, British, Kenya, ’, Rwanda, Jamaica

☆ What to do with Honeywell stock after its sharp post-earnings pullback
▼ + stars: | 2024-10-24 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

Dow stock Honeywell was one of the biggest drags on the 30-stock average Thursday after Club industrial giant reported mixed third-quarter results compounded by a mixed outlook. HON YTD mountain Honeywell YTD Honeywell shares sinking 4.5% after the release was understandable but represents an opportunity. Honeywell Why we own it: Honeywell is a provider of industrial technology solutions to companies in various industries. Sales were revised lower because the short cycle recovery in the company's industrial automation segment is not materializing as quickly as management was expecting. Honeywell International Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York.

Persons: we're, Vimal Kapur, Kapur, Kupar, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Dow, Honeywell, Emerson, CAES Systems, Air Products, Aerospace Technologies, CNBC, Honeywell International Inc, New York Stock Exchange, Bloomberg, Getty Locations: New York

☆ Prospects of a Trump win and huge tariffs spark worst sell-off for emerging market stocks in 10 months
▼ + stars: | 2024-10-24 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

The slump comes as investors price in higher odds of a Trump win in the upcoming US election. Emerging market stocks are headed for their worst monthly decline since January, with the MSCI Emerging Markets Index falling for a fourth day on Thursday for a 3.1% decline this month. A select few EM stocks have taken the biggest hits, with Samsung, Alibaba, Tencent, and Meituan accounting for more than half of the index's fall. "There has been a significant change in investor sentiment, and investors' risk budgets have likely been changing as a function of that." Investors are also expressing disappointment in China's stimulus measures, which initially fueled a rally in EM stocks last month.

Persons: Trump, —, It's, Donald Trump, Joe Biden, Harris Organizations: Trump, Service, Samsung, Citi Locations: China

☆ Why is the Japanese yen hovering near three-month lows against the dollar
▼ + stars: | 2024-10-24 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

A queue of people forms outside a money changer (L) as people wait to buy and sell the Japanese yen against foreign currency, along a street in central Tokyo on April 29, 2024. In the past, weakness in the Japanese currency has been attributed to the difference between the U.S. and Japanese interest rates as lower rates tend to pressure currencies, while higher rates lift them up. Japan had negative rates for about eight years, keeping it's currency weak compared to the dollar. The Japanese yen is hovering near three-month lows against the U.S. dollar, after hitting 153.18 late Wednesday. "The annualised 1-month deposit rate for yen is +0.03%, while it is 4.76% for the U.S. dollar.

Persons: Alvin Tan, Homin Lee, Lombard Odier, Donald Trump, Lee, RBC's Tan, Hugh Chung Organizations: Federal, Bank of Japan, U.S, U.S ., Asia FX, RBC Capital Markets, CNBC Locations: Tokyo, Japan, Asia, Swiss, U.S

☆ Presidential election is a dead heat though Trump leads Harris big on economy, says CNBC survey
▼ + stars: | 2024-10-24 | by ( Steve Liesman | ) www.cnbc.com time to read: +2 min

In the seven battleground states, Trump leads 48% to 47%, within the 4% margin of error for that portion of the poll. The nationwide sample included 186 voters from the battleground states of Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin. An additional 400 voters were interviewed in those states for a total sample of 586 from battleground states. Trump holds commanding leads among voters who prioritize the inflation, the economy and addressing the needs of the middle class. Harris leads on a variety of second tier issues, areas of high concern that rate below the economy.

Persons: Donald Trump, Kamala Harris, Trump, Jay Campbell, Harris Organizations: CNBC, America Economic Survey, Trump, Voters, Hart Research, Democratic Locations: Arizona , Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin

☆ Dollar stands tall on bets for slower Fed cuts, potential Trump win
▼ + stars: | 2024-10-24 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar traded close to a three-month high against major peers on Thursday, underpinned by expectations for a slower pace interest rate cuts by the Federal Reserve and growing bets of a possible second Donald Trump presidency. The U.S. dollar traded close to a three-month high against major peers on Thursday, underpinned by expectations for a slower pace interest rate cuts by the Federal Reserve and growing bets of a possible second Donald Trump presidency. This week, Kansas City Fed President Jeffrey Schmid said he would prefer to "avoid outsized moves", and Philadelphia Fed President Patrick Harker backed "a slow, methodical approach" to further easing. The dollar has now "punched through key technical resistance levels" against the yen, "opening the door for higher levels", Catril said. Although opinion polls indicate a neck-and-neck race with Democratic rival, Vice President Kamala Harris, cryptocurrency-prediction exchange Polymarket has seen a sharp rise in bets for a Trump win.

Persons: Donald Trump, Jeffrey Schmid, Patrick Harker, Rodrigo Catril, Catril, Trump, Kamala Harris, Christine Lagarde, Mario Centeno Organizations: U.S ., Federal Reserve, Kansas, Philadelphia Fed, Treasury, National Australia Bank, UST, Republican, Democratic, Trump, of, Traders, European Central Bank, Wednesday Locations: Japan, Sunday's

☆ Top 45 MLB free agents for 2024-25 with contract predictions, team fits: Will Soto get $600M+?
▼ + stars: | 2024-10-24 | by ( Jim Bowden | ) www.nytimes.com time to read: +48 min

MLB free agency is almost here so it’s time for my annual ranking of the top free agents with contract predictions and the best team fits for each player. Best team fits: Dodgers, Yankees, Mets, Diamondbacks, Red SoxSalary comps: NoneContract prediction: Minor-league contract4. Several teams have early interest in Walker, with the Astros and Mariners being the best early team fits. Best team fits: Padres, Rangers, Dodgers, Orioles, Guardians, MetsSalary comps: N/AContract prediction: None at this time19. Best team fits: Yankees, Mariners, Diamondbacks, BrewersSalary comps: Anthony Rizzo (2 years, $40M); Josh Bell (2 years, $33M)Contract prediction: 1 year, $15 million42.

Persons: Juan Soto, Corbin Burnes, Blake Snell, Max Fried, Roki Sasaki, Pete Alonso, Anthony Santander, Christian Walker, Alex Bregman, I’ve, He’s, Aaron Judge, Bobby Witt Jr, Soto, Mike Trout, Mookie Betts, Cy Young, Burnes, Stephen Strasburg, Jacob deGrom, Aaron Nola, Roki, Sasaki, he’s, Gerrit Cole, Cole, Cole won’t, Will, Brett Davis, They’ll, Carlos Rodón, Patrick Corbin, Tyler Glasnow, Pete, Matt Olson, Nolan Arenado, Kris Bryant, Carlos Correa, George Springer, Matt Chapman, Nolan Arenado’s, Dana Brown, Xander Bogaerts, Snell, —, José Berríos, Sonny Gray, Freddy Peralta, Peralta, Anthony, Shohei Ohtani, Tommy Gilligan, Brandon Nimmo, Willy Adames, Corey Seager, Andrew Friedman, Adames, Dansby Swanson, Javier Báez, Trevor Story, Marcell Ozuna, Ozuna, Walker, Paul Goldschmidt, Anthony Rizzo, Cody Bellinger, Cody Bellinger didn’t, Bellinger, Nick Castellanos, Kyle Schwarber, Shane Bieber, Tommy John, Bieber, Sean Manaea, Brad Penner, Manaea, Hyun Jin Ryu, Eduardo Rodriguez, Chris Bassitt, Miles Mikolas, Jack Flaherty, Flaherty, NL Cy Young, Lance McCullers Jr, Mitch Keller, Pablo López, Kyle Hendricks, Tomoyuki Sugano, Sugano, Michael Wacha, Jameson Taillon, Jon Gray, Nathan Eovaldi, Seth Lugo, Teoscar Hernández, Jayne Kamin, Teoscar, Hernández, Starling Marte, Jorge Soler, Walker Buehler, Buehler, Tanner Scott, Raisel Iglesias, Robert Suarez, Jurickson, Profar, Mitch Haniger, Lourdes Gurriel Jr, Michael Conforto, Eugenio Suárez, Suárez, Chris Taylor, Max Muncy, Jordan Montgomery, Wasserman, Ken Kendrick, Montgomery doesn’t, Seong Kim, Mike Shildt, Kim, J.P, Crawford, Jeff McNeil, Nico Hoerner, Orlando Arcia, Gleyber Torres, Torres, Tyler O’Neill, Bob DeChiara, Cody Bellinger —, O’Neill, Andrew Benintendi, Ian Happ, Yusei Kikuchi, Kikuchi, Tyler Anderson, Brandon Lowe, Lowe, Brandon Drury, Jorge Polanco, Nick Martinez, Martinez, Charlie Morton, Frankie Montas, Joc Pederson, Rhys Hoskins, Mitch Garver, Justin Turner, Charlie Blackmon, Carlos Estévez, Gregory Fisher, Estévez, Dave Dombrowski, Jeff Hoffman, Kendall Graveman, José Alvarado, Joe Jiménez, Ryan Pressly, Taylor Rogers, Luis Severino, Zach Eflin, Lucas Gioloto, Marcus Stroman, Reynaldo López, Jose Quintana, Tyler Mahle, Blake Treinen, Emilio Pagán, Wandy Peralta, Alex Verdugo, Mark Canha, Manuel Margot, Hunter Renfroe, Jose Iglesias, Chris Sale, Iglesias, Isiah Kiner, Miguel Rojas, Goldschmidt, Josh Bell, Hoskins, Hoffman, Matt Strahm, Chris Martin, Matthew Boyd, Boyd, Lance Lynn, Kyle Gibson, Clay Holmes, Luke Weaver, Dan Goldfarb, Mary DeCicco, Daniel Shirey Organizations: MLB, eventual, The Athletic, Baseball, OF, Boras, Yankees, American League, New York, Blue Jays, Dodgers, Phillies, Rangers, Nationals, Mets, Orioles, Red Sox, Chiba Lotte Marines, NPB, Diamondbacks, Angels, Kansas City, Braves, FIP, Star, Mariners, Astros, Giants, Rockies, Cardinals, Cy Young, Brewers, Milwaukee, Anthony Santander, RF, Santander, Reds, Adames, Rays, Cubs, Pirates, Cy, Guardians, Padres, Tigers, NL Cy, Twins, Yomiuri Giants, of Famers, Royals, Excel, Marlins, NL, The Diamondbacks, Montgomery, Sox, Tampa Bay, White Sox, Atlanta, Talent Sports, Apex, Athletics, Getty Locations: Bronx, Japan, New York, Houston, Walker, Seattle, Bledsoe, Tampa, Philadelphia, Fiume

☆ Stocks making the biggest moves midday: Tesla, IBM, Whirlpool, Molina Healthcare and more
▼ + stars: | 2024-10-24 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +5 min

Molina Healthcare posted adjusted earnings of $6.01 per share, better than the LSEG consensus estimate of $5.81 in earnings per share. Therefore, the company's third-quarter revenue and guidance were not comparable with Wall Street's estimates. ServiceNow posted third-quarter adjusted earnings of $3.72 per share, topping Wall Street's estimate of $3.46 per share, according to LSEG. International Business Machines — Shares tumbled about 7% after the tech giant posted third-quarter revenue that disappointed analysts' expectations. Sales for IBM came out to $14.97 billion in the last quarter, versus the $15.07 billion analysts had expected, per FactSet.

Persons: Tesla, Elon, Newmont, FactSet, Molina, CBRE, Raymond James Financial, Teradyne, Northrop Grumman, ServiceNow, Boeing machinists, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Hakyung Kim, Sarah Min Organizations: —, Molina Healthcare, Whirlpool, LSEG . West Pharmaceutical, West Pharmaceutical Services, injectables, Carrier, Northrop, Mattel, LSEG, Boeing, IBM Locations: —, FactSet

☆ 2024 WNBA season: A historic year for women’s basketball, both on and off the court
▼ + stars: | 2024-10-24 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +12 min

CNN —With confetti falling from the rafters, a boisterous Brooklyn crowd bellowing and the victorious New York Liberty celebrating, the curtain fell on the 2024 WNBA season. ‘The perfect storm’The latest edition of the WNBA season had all the hallmarks for booming success, with all the pieces falling into place almost serendipitously. The Fever superstar also set rookie season records for both points and three-pointers made and became the first rookie to get a triple-double. Las Vegas Aces star A'ja Wilson was named WNBA MVP for the third time following the 2024 season. It’s super exciting and kind of crazy to say that.”The New York Liberty beat the Minnesota Lynx to win the 2024 WNBA Finals at Barclays Center.

Persons: LaChina Robinson, Caitlin Clark, Angel Reese, it’s, ’ ” Robinson, Robinson, –, agonizingly, Liberty –, Sarah Stier, ” Robinson, “ I’m, “, Chelsea Gray, Charisma Osborne, ” Osborne, They’ve, Clark, Reese, A’ja Wilson, Darron Cummings, Osborne, “ It’s, UConn’s irrepressibly, Paige Bueckers, Wilson, “ We’ve, ”, A'ja Wilson, Kirby Lee, they’ve, Maya Moore, Diana Taurasi, we’ll, Wendell Cruz, Gray, I’ve Organizations: CNN, New York Liberty, WNBA, CNN Sport, Minnesota Lynx, Liberty, Barclays Center, Phoenix Mercury, Aces, ESPN, UCLA, Indiana, Chicago Sky, Sky, Las Vegas Aces, USA, Sports, Reuters, YouTube, Area Locations: Brooklyn, Nevada

☆ Deloitte and EY trim staff amid slowing demand following years of rapid growth for Big Four firms
▼ + stars: | 2024-10-24 | by ( Polly Thompson | ) www.businessinsider.com time to read: +5 min

AdvertisementDeloitte and EY have trimmed staff as demand for professional services provided by the two Big Four firms declines. AdvertisementDeloitte is the world's largest professional services firm in the world by revenue and employees. Lucy North/PA Images via Getty ImagesMajor consulting firms are experiencing a slowdown in demand for advisory services. Professional services firm Accenture cut its revenue forecast for 2024 from between 2% and 5% to between 1% and 3%. AdvertisementAside from workforce reductions, consulting firms are also introducing new policies as they face up to an industry slowdown.

Persons: —, EY, Lucy North, PwC, James Callander, Callander Organizations: Deloitte, Service, Big, Financial Times, Revenue, Getty, Accenture, UK, Business

☆ Gold's record rally pauses due to stronger dollar, higher yields
▼ + stars: | 2024-10-23 | by ( ) www.cnbc.com time to read: +2 min

Gold prices surged to a record high on Wednesday as the conflicts in the Middle East and uncertainty surrounding the upcoming U.S. election spurred demand for safe-haven assets. Gold prices fell over 1% after hitting a record high on Wednesday, as a stronger dollar and a rise in U.S. Treasury yields countered support from safe-haven demand linked to the Nov. 5 U.S. election and Middle East war. Spot gold was down 1% to $2,721.12 per ounce as of 12:25 p.m. EDT (1410 GMT) after hitting a record high of $2,758.37 earlier in the session. However, gold could see the $2,800/oz level by the week's end on safe-haven demand, Haberkorn added. The dollar index rose 0.3% to near a three-month high, making gold less appealing for other currency holders, while U.S. bond yields climbed to a three-month high.

Persons: Bob Haberkorn, Haberkorn, Ole Hansen, Kamala Harris, Donald Trump Organizations: Treasury, Saxo Bank, U.S, Republican, Reuters Locations: U.S

☆ Exclusive: AI startup Attention just raised $14 million to bring its natural language processing tech to sales calls
▼ + stars: | 2024-10-22 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +4 min

AI startup Attention raised a $14 million Series A funding round from Alven, Eniac, and Frst. The startup uses AI and natural language processing to glean data and next steps from sales calls. AdvertisementNew York-based AI startup Attention, which uses natural language processing to fill out customer relationship management (CRM) programs and generate action items from sales calls, just raised a fresh round of funding. Late-stage startup Gong, which also records sales calls, raised $250 million in Series E funding in 2021 at a $7.25 billion valuation. And 11x.ai, which is building AI sales reps, raised a $50 million Series B last month from a16z, TechCrunch reported.

Persons: —, Anis Bennaceur, Matthias Wickenburg, Bennaceur, Wickenburg, Swipecast Organizations: Service, French VC, Eniac, Liquid2 Ventures, Ventures, TechCrunch Locations: Alven, New York, a16z

☆ Elon Musk's X has made hundreds of thousands of dollars from his super PAC
▼ + stars: | 2024-10-22 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Elon Musk's super PAC has spent over $200,000 on advertising on X. AdvertisementElon Musk's super PAC has spent hundreds of thousands of dollars to promote content on X, underscoring how the billionaire businessman's politics and business ventures are continuing to collide. Make your plan to vote today and help President Trump win Georgia and secure the border! — America PAC (@theamericapac) September 1, 2024A spokesperson for America PAC declined to comment. America PAC has spent over $100 million to elect Trump, as well as at least $10 million on over a dozen House GOP candidates.

Persons: Elon, —, Musk, Kamala Harris, Harris, Trump, Donald Trump Organizations: Elon Musk's, Service, PAC, Georgia, America PAC, WIRED Locations: Musk's, Arizona , Nevada , Pennsylvania, Michigan , Wisconsin, Georgia, North Carolina, America

☆ IMF says global fight against inflation is 'almost won' but warns of rising risks
▼ + stars: | 2024-10-22 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +5 min

"The global battle against inflation is almost won," the IMF report trumpeted, even as it called for "a policy triple pivot" to address interest rates, government spending, and reforms and investment to boost productivity. The fund kept its global growth estimate at 3.2% for 2024 and 2025 — which it called "stable yet underwhelming." Market volatility among key downside risksHeightened financial volatility is another threat to global growth, the IMF report said. Further challenges to global financial markets could come in the final stretch of the fight against inflation. The IMF forecasts global growth will rise 3.1% annually at the end of the 2020s, the lowest level in decades.

Persons: Pierre, Olivier Gourinchas Organizations: International Monetary Fund, Global, Vigilance, IMF Locations: Washington , DC, United States, The Washington, Brazil, Mexico, America, Europe

☆ The IMF just raised its growth forecast for the US economy this year — but expects a slowdown in 2025
▼ + stars: | 2024-10-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The International Monetary Fund raised its growth forecast for the US economy to 2.8% this year. AdvertisementThe International Monetary Fund raised its growth forecast for the US, projecting the world's largest economy would expand by 2.8% this year instead of the 2.6% it predicted in July. However, they predicted GDP growth would slow to 2.2% in 2025 as the US government curbs its spending and the labor market cools, sapping consumption. The IMF projected global growth of 3.2% in both 2024 and 2025, virtually unchanged from its previous prediction. They underscored their latest forecast for global growth over the next five years of 3.1% was "mediocre" compared with the pre-pandemic average.

Persons: — Organizations: Monetary Fund, IMF, Service, UN Locations: China, East, Central Asia, Africa, Asia

☆ Dodgers vs. Yankees 2024 World Series preview: Predictions, pitching matchups and more
▼ + stars: | 2024-10-21 | by ( Fabian Ardaya | Chris Kirschner | ) www.nytimes.com time to read: +11 min

Our writers preview a World Series matchup between two of baseball’s most storied franchises, with no shortage of star power and storylines. He hit the go-ahead home run in the 10th inning of Game 5 of the ALCS to send the Yankees to the World Series. — KirschnerCheck back later for World Series predictions from The Athletic’s MLB staff. Now he’ll play in his first World Series against a franchise he grew up rooting for while living in Los Angeles as a child. AdvertisementBigger picture for Stanton: A possible World Series title (and perhaps an MVP award) would add to his growing Hall of Fame case.

Persons: Fabian Ardaya, Chris Kirschner, Eno, It’s, ‘ Nuff, weren’t, Gerrit Cole, Carlos Rodón, Andy Pettitte, Clarke Schmidt, Luis Gil, Tommy Kahnle’s, Clay Holmes, Luke Weaver, Jake Cousins, Daniel Hudson, Anthony Banda, Michael Kopech, Evan Phillips, Blake Treinen, Alex Vesia, Yoshinobu Yamamoto, Walker Buehler, Mookie Betts, Max Muncy, Will Smith, Tommy Edman, Tyler Glasnow, Gavin Stone, Clayton Kershaw, Dustin May, they’ve, Freddie Freeman, —, Kahnle, Weaver, Tim Hill, ’, Nestor Cortes, Juan Soto, Soto, Aaron Judge hasn’t, Gleyber Torres, Giancarlo Stanton, Shohei, Ohtani, couldn’t, DH Stanton, He’s, Stanton, Giancarlo Stanton isn't, Aaron Judge, Gerrit Cole RHP, Luke Weaver RHP, Fielding Austin Wells, Jack Flaherty RHP, Fielding Tommy Edman, Dave Roberts, Shohei Ohtani, John Sterling, Yankees Giancarlo Stanton isn’t, Aaron, Luis Gil GO, Maddie Meyer, Daniel Shirey Organizations: It’s Yankees, Dodgers, Yankees, Fox, Yankees ’, Dodger, Mets, MLB, . Dodgers, savor Dodgers, Rosenthal, Guardians, of Fame, Aaron, Fielding, NL Locations: pinstripes, Ohtani, barreling, Los Angeles, Cooperstown, —

☆ Billionaire Ripple founder has given more than $11.8 million to Harris campaign
▼ + stars: | 2024-10-21 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Including Larsen's August contribution of $1 million worth of XRP tokens, the billionaire has given more than $11.8 million to PACs supporting the Harris campaign, making him one of the crypto industry's largest individual donors this cycle. He's part of an industry that's become suddenly prominent in political fundraising, though more heavily in support of Republicans. The Trump PAC has raised about $7.5 million crypto donations since early June. The committee gave out nearly $29 million in September. They've received $1.3 million and $1 million, respectively.

Persons: Chris Larsen, James Delmore, Harris, Larsen, who's, he's, Biden, " Larsen, isn't, that's, Fairshake, Southern California Republicans David G, Valadao, Michael Garcia, They've Organizations: Harris, Fund, CNBC, Biden, Democratic, Fund PAC, Forbes, Public Citizen, The Trump PAC, —, American Jobs PAC, Republicans, Southern, Southern California Republicans Locations: Bay, Fairshake, New York , Nevada, California, Southern California

☆ CNBC Daily Open: Everyone’s watching Netflix shares
▼ + stars: | 2024-10-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. That's the longest streak this year for the S&P 500 and Dow Jones Industrial Average , both of which hit record highs. Watching Netflix sharesNetflix shares popped 11% on Friday, a day after the company reported third-quarter results that beat earnings, revenue and paid membership estimates. For investors looking to secure a steady stream of income still, Morgan Stanley recommends considering dividend income stocks, and picks 10 dividend stocks from Asia-Pacific, excluding Japan, for its "conviction list."

Persons: Pan Gongsheng, Morgan Stanley Organizations: CNBC, Dow Jones, CSI, People's Bank of, Netflix, Boeing Locations: Asia, Pacific, People's Bank of China, Japan

☆ The next big career track at business schools: Family offices
▼ + stars: | 2024-10-21 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Last week, the University of Chicago Booth School of Business launched the Booth Family Office Initiative, a combination of research programs, courses and summits aimed at current and future family office executives. Business schools at Harvard, Columbia, Northwestern, Pepperdine and other universities have started offering courses aimed at family offices or family-owned companies. For family offices, the programs can help train the next generation of family office leaders at a time when talent is scarce and family offices are battling for experienced investors, accountants, lawyers and estate planners. The number of family offices has grown to more than 8,000 from about 6,000 in 2019, according to Deloitte. As more wealthy alumni launch family offices or work for one, they're becoming an important pipeline of donors and funding.

Persons: Robert Frank, Booth, Paul Carbone Organizations: University of Chicago Booth School of Business, Pritzker Private Capital, Family, Business, Harvard, Pepperdine, Wharton School, University of Pennsylvania, CCC Alliance, Wharton, Family Alliance, Deloitte Locations: Columbia, Northwestern

☆ China cuts benchmark lending rates by 25 basis points
▼ + stars: | 2024-10-21 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

China on Monday lowered its main benchmark lending rates by 25 basis points at the monthly fixing. The one-year loan prime rate (LPR) has been cut to 3.1%, while the five-year LPR has been trimmed to 3.6%, the People's Bank of China (PBOC) said. The one-year LPR influences corporate loans and most household loans in China, while the five-year LPR serves as a benchmark for mortgage rates. China's central bank governor Pan Gongsheng had indicated on Friday during a forum held in Beijing that the loan prime benchmark rates would be lowered by 20 to 25 basis points. The seven-day reverse repurchase rate will be cut by 20 basis points, while the medium-term lending facility rate will be lowered by 30 basis points, Pan also highlighted.

Persons: LPR, Pan Gongsheng, Pan, Shane Oliver, Zhiwei Zhang, — CNBC's Evelyn Cheng Organizations: People's Bank of China, AMP Locations: China, Beijing

With voters citing the economy and inflation, abortion, immigration and democracy as top issues in this election, the survey tested a series of policy proposals on those topics, offering clues about which policies could move voters. The survey did not identify which party or candidate is associated with the proposal. While economic policies could move voters toward a candidate, the survey also finds that election denialism could turn them off. Voters across swing groups, including suburban women, independents, moderates and seniors, say they are less likely to support a candidate who denies the election results. The NBC News poll of 1,000 registered voters, 898 of whom were reached by cellphone, was conducted Oct. 4-8.

Persons: Donald Trump, Roe, Wade, “, ”, Democratic pollster Aileen Cardona, Arroyo, —, Trump, MAGA, Kamala Harris, Harris Organizations: NBC News, Democratic, Hart Research Associates, Republican, MAGA Republicans, Trump, NBC

☆ Trump doubles down on tariff plan that voters hate
▼ + stars: | 2024-10-20 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Republican presidential nominee and former U.S. President Donald Trump speaks as he visits a campaign office in Hamtramck, Michigan, U.S. October 18, 2024. Despite the unpopularity of universal tariffs among voters, Trump has dug in on the hardline proposal. Trump has floated imposing a 20% tariff on all goods from all countries, with a specifically high 60% rate on Chinese imports. The Trump tariffs have also faced heat from within the GOP. "I'm not a fan of tariffs," Republican Senate Minority Leader Mitch McConnell said in late September.

Persons: Donald Trump, Donald Trump's, Trump, John Micklethwait, they'll, Mitch McConnell Organizations: NBC News, Bloomberg, Economic, of Chicago, Republican, Trump, GOP Locations: Hamtramck , Michigan, U.S, United States

☆ Dollar rides 'Trump trade' toward third weekly rise, markets brush off China GDP
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: +5 min

The onshore yuan ticked 0.06% higher to 7.1199 per dollar, while its offshore counterpart rose 0.12% to 7.1282. Data on Thursday showed U.S. retail sales growth was higher than expected and the ECB cut interest rates by 25 basis points. "All of that has played in to a stronger dollar," said Jason Wong, senior strategist at BNZ in Wellington. The New Zealand dollar was similarly eyeing a 0.75% fall for the week and was little changed at $0.6063 in the Asia session. The U.S. dollar index hit a 2-1/2 month high of 103.87 on Thursday and is up nearly 0.8% forthe week thus far.

Persons: Donald Trump, Ho Woei Chen, Jason Wong, There's, Yahya Sinwar, Israel's, Benjamin Netanyahu, Sterling Organizations: European Central Bank, People's Bank of China, Securities, Fund, Insurance, ECB, Reuters, Trump, New Zealand, Bank of England, U.S Locations: Asia, China, Wellington, U.S, Israel, Gaza

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