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☆ Russia has secret war drones project in China, intel sources say in Reuters report
▼ + stars: | 2024-09-26 | by ( ) www.cnbc.com time to read: +6 min

Kupol, Almaz-Antey and the Russian defense ministry did not respond to requests for comment for this article. He said more information was needed to establish that China was playing host to production of Russian military drones. "China cannot continue to fuel the largest conflict in Europe since the Second World War without this impacting its interests and reputation." "We are extremely concerned by reports that Russia is producing military drones in China," a spokesperson said. Beijing has repeatedly denied that China or Chinese companies have supplied Russia with weapons for use in Ukraine, saying the country remains neutral.

Persons: Russian Federation Manuel Augusto Moreno, IEMZ, Kupol, Fabian Hinz, Samuel Bendett, Farah Dakhlallah, Kupol's Organizations: Russian Federation, Ukraine, Reuters, International Institute for Strategic Studies, Center, New, New American Security, White House National Security Council, NATO Locations: People's Republic of China, Russia, China, Russian, Ukraine, Beijing, London, New American, Washington, U.S, Europe, Kupol, Izhevsk

☆ Analysis: Eric Adams is the latest high-profile Democrat facing federal charges, further complicating Trump’s bias claims
▼ + stars: | 2024-09-26 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

CNN —Federal prosecutors say New York City Mayor Eric Adams engaged in a “long-running conspiracy,” accepting luxury travel and gifts from foreign businesspeople and at least one Turkish government official. Adams, who’s been indicted on five federal public corruption charges, has denied wrongdoing and says he is being targeted because of his positions. Federal agents search Gracie Mansion, the official residence of the mayor of New York City, on September 26, 2024, after Mayor Eric Adams was indicted on federal criminal charges. That Adams, a Democrat, has been charged by prosecutors in the Southern District of New York on corruption charges does not, on its own, disprove Trump’s point. Adams remains defiant in the face of the charges, but they are clearly having an effect on New York politics.

Persons: Eric Adams, Adams, who’s, “, ”, Gracie, Timothy A, Clary, Donald Trump’s, Trump, Sen, Bob Menendez, Trump’s, Menendez, Stormy Daniels, Attorney Alvin Bragg, Jack Smith, General Merrick Garland, Smith, George Santos, Santos, Elie Honig, Honig, Sheldon Silver, Dean Skelos, ” Honig, Alexandria Ocasio, Kathy Hochul Organizations: CNN, New York City, Getty, White, Department of Justice, DOJ, Democrat, of, New, New Jersey Democrat, Manhattan, Attorney, Trump, Republican, CNN The Southern, of New York, New York State Assembly, New York State Senate, Key New York Democrats, New York Gov Locations: New York, New York City, AFP, Southern, of New York, New Jersey, Florida, Washington , DC, York, Manhattan, Lower Manhattan, of New, New, Alexandria, Cortez

☆ Newsmax faces ‘bet-your-company’ defamation trial over 2020 election lies
▼ + stars: | 2024-09-26 | by ( Marshall Cohen | ) edition.cnn.com time to read: +8 min

Washington CNN —Jury selection is set to begin Thursday in a closely watched defamation trial pitting voting technology company Smartmatic against the right-wing cable network Newsmax, in a high-stakes case over the airing of false 2020 election claims. The Newsmax case revolves around the same false claims, championed by former President Donald Trump and his Republican allies, that the 2020 election was rigged by Smartmatic software and others. The Florida-based company sued Newsmax and other right-wing outlets and figures in 2021, alleging that its reputation was destroyed by the lies. The Newsmax case will test the legal limits of publishing lies about the 2020 election, and the trial will play out during the final stretch of the 2024 campaign. ‘Dozens’ of defamatory reportsAfter mainstream news outlets – and even Fox News – projected that Democratic nominee Joe Biden would win the 2020 election, Trump and his surrogates falsely claimed that he won.

Persons: Donald Trump, Newsmax, “, ”, ” Howard Cooper, Eric Davis, Davis, it’s, Katie Townsend, Smartmatic, Joe Biden, Trump, Chris Ruddy, Biden, wasn’t, Sidney Powell, ” Sidney Powell, Rudy Giuliani, Sarah Silbiger, Greg Kelly, Powell, Chris Salcedo, Smartmatic “, John Bachman, Smartmatic’s, Bachman, Liz Harrington, Ruddy, Kelly, Salcedo, Eric Robinson, ” Newsmax, Bill Daddi, ” Smartmatic’s, Erik Connolly, “ …, Bob Sellers, Emerald Robinson Organizations: Washington CNN, Delaware Superior Court, Fox News, Voting Systems, Republican, Trump, Freedom, Press, Fox, Democratic, The Washington Post, Republican National Committee, ”, Newsmax, University of South, Electoral College ” Locations: Delaware Superior, The Florida, Wilmington , Delaware, New York, Los Angeles County, University of South Carolina, Philippines, Venezuela

☆ A new first-in-class Chinese attack submarine sank at a Wuhan shipyard in a pier-side accident
▼ + stars: | 2024-09-26 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

One of China's newest attack submarines sank at a shipyard in Wuhan. China's shipbuilding industry is massive and at the core of its naval modernization efforts. AdvertisementOne of China's newest nuclear-powered attack submarines sank in a Wuhan shipyard, a US official told Business Insider, confirming earlier reporting. Costfoto/NurPhoto via Getty ImagesThe submarine's sinking comes as China's shipbuilding industry continues to fuel its naval modernization plans. The Pentagon has long identified China's shipbuilding industry as key to its naval buildup, which is occurring at a rapid pace.

Persons: —, Planet Labs PBC Thomas Shugart, uWFjFFblrZ, Tom Shugart Organizations: Service, Business, Zhou, Wall Street, Planet Labs, Planet Labs PBC Thomas, Center, New, New American Security, People's Liberation Army, PLA Navy, Getty, Pentagon Locations: Wuhan, Wuchang, China, New American, Beijing

☆ Putin reveals new rules on nuclear weapons in Russia's latest warning to the West
▼ + stars: | 2024-09-26 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

Russian President Vladimir Putin at an expanded Prosecutor General's Office meeting on March 26, 2024, in Moscow. In opening remarks before a meeting with senior officials on Russia's nuclear deterrence on Wednesday, which were released by the Kremlin and translated by NBC News, Putin said that "a number of clarifications ... defining the conditions for the use of nuclear weapons" are being made to the document that defines Russia's nuclear doctrine. Russia's latest comments on changing its nuclear doctrine are not a surprise — Moscow has hinted for months that it was making changes to its official stance on the use of nuclear weapons. In its 2020 policy, Russia nonetheless described nuclear weapons as "a means of deterrence," the use of which would be "an extreme and necessary measure." Russian President Vladimir Putin and his Belarusian counterpart Alexander Lukashenko shake hands during a press briefing following their talks in Minsk, Belarus, May 24, 2024.

Persons: Vladimir Putin, Putin, —, Volodymyr Zelenskiy, Mike Segar, Volodymyr Zelenskyy, Joe Biden, Zelenskyy, Sergei Ryabkov, Yulia Morozova, Alexander Lukashenko, Mikhail Metzel Organizations: General's, Getty, Kremlin, NBC News, Russian Federation, —, Ukraine's, United Nations General Assembly, Reuters, Kyiv, West, Nazi, Belarusian Locations: Moscow, Kyiv, Ukraine, Russia, U.S, U.N, New York, Washington, America, Great Britain, Russia's Kursk, Kursk, Russian, Nazi Germany, Minsk, Belarus

☆ We're upping our price target on Costco after another steady quarter fortifies our thesis
▼ + stars: | 2024-09-26 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

The report didn't blow us away, but it still offered plenty of reminders on why Costco investors should stick around. Total revenue in its fiscal 2024 fourth quarter totaled $79.7 billion, missing analysts' expectations of $79.97 billion, according to estimates compiled by LSEG. Costco has succeeded for decades, but the high inflation of recent years has made the company's value-focused ethos really shine. Put it all together, we're increasing our price target on the stock to $950 a share from $875. In the quarter, Costco's membership renewal rate in the U.S. and Canada came in at 92.9%, a tick lower than the 93% rate observed in the third fiscal quarter, while worldwide held constant at 90.5%.

Persons: Gary Millerchip, Ron Vachris, Millerchip, it's, Kirkland, Costco's, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Costco, LSEG, Wholesale, Walmart, Club, Amazon, Costco's, Kirkland, Kirkland Signature, Management, U.S, CNBC Locations: Costco's, Yemen, U.S, Canada, Maine, Richmond , California

But the news wasn't greeted warmly in some corners of media, as it raised concerns that Snapchat might become the latest in a line of Big Tech platforms to deprioritize traditional media publishers in favor of creators. A fourth said any time publishers get mixed up with creators, it's bad for publishers, adding that their Snapchat revenue was already in decline so the platform had become less of a focus. A few years later, as user-generated content became dominant on social apps like TikTok, the company shifted focus to individual content creators. Advertisement"The way they're structured now is less built to over cater to traditional publishers," a fifth Snap publisher exec said. ESPN on Snapchat Discover SnapchatSome publishers have shifted resources away from Snapchat during a challenging period for the media business as a whole.

Persons: —, Snapchat Snapchat, it's, Evan Spiegel, Presley Ann, Getty, Snap's, Spiegel, Digiday, influencers, Ben Reininga, Sophie Crowther, There's, Ben Jeffries Organizations: Service, Big Tech, Business, Publishers, Meta, Google, ESPN, The Daily Mail, CNN, Snapchat, Harvard University, Dollar Locations: Snapchat

☆ What we know about the 50 Cent documentary on the sexual assault allegations against Sean 'Diddy' Combs
▼ + stars: | 2024-09-26 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +4 min

Read preview50 Cent is developing a documentary for Netflix about the sexual assault allegations against Sean "Diddy" Combs. 50 Cent and the director said they wanted to give 'voice to the voiceless'50 Cent is working on a documentary about Sean "Diddy" Combs. "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. On March 25, 50 Cent tweeted: "Now it's not Diddy do it, it's Diddy done." GLG🚦GreenLightGang you know the vibes • https://t.co/jnbpt4Vpb3 pic.twitter.com/2lGlCsyykc — 50cent (@50cent) March 26, 2024

Persons: —, Sean, Diddy, Combs, Casandra Ventura, Curtis Jackson, Mark Curry, 🚨, ackson, erving, oiceless, ike Organizations: Service, Netflix, Homeland Security, Business, Forbes, Bad Boy Records, ust Locations: Ventura, uman

☆ 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

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

☆ Klarna partners with fellow fintech Adyen to bring buy now, pay later into physical stores
▼ + stars: | 2024-09-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Jakub Porzycki | NurPhoto | Getty ImagesSwedish firm Klarna is partnering up with Dutch payments fintech Adyen to bring its popular buy now, pay later service into physical retail stores. Klarna will be included as an option across more than 450,000 Adyen payment terminals in brick-and-mortar locations as a result of the deal, according to the companies. Klarna's buy now, pay later, or BNPL, service allows users to spread the cost of their purchases over a period of interest-free installments. Earlier this year, Klarna sold Klarna Checkout, the company's online checkout solution for merchants. The recently elected U.K. Labour government is expected to set out plans for buy now, pay later regulation soon.

Persons: Jakub Porzycki, Klarna, David Sykes, Alexa von Bismarck, Adyen, Sebastian Siemiatkowski, BNPL, Tulip Siddiq Organizations: NurPhoto, Getty, Klarna, Adyen, EMEA, Alexa, CNBC, Labour, Conservative Locations: Amsterdam, Europe, North America, Australia, Swedish

☆ Meta's misinformation problem has local election officials struggling to get out the truth
▼ + stars: | 2024-09-26 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +14 min

Meanwhile, multiple Facebook users in states like North Carolina, Mississippi and New Jersey continue to share the ballot misinformation without any notification that it's false. Across the U.S., with 40 days until the Nov. 5 election, state and local officials say they are puzzled by what to expect from Facebook. In 2020, the site hosted rampant misinformation about politically charged issues like Covid treatments, masking and voter fraud. Given Maricopa County's high profile during the election season, the state often attracts attention from Facebook users across the country. During a Senate hearing last week on election threats, Meta's head of global affairs, Nick Clegg, fielded questions about the company's election preparedness.

Persons: Rebecca Noble, Derek Bowens, Bowens, Meta, Donald Trump, Hillary Clinton, Elon Musk, Kamala Harris, Taylor Kinnerup, Kinnerup, she'd, Meta's, Saul Loeb, Nick Clegg, Sen, Susan Collins, Collins, Clegg, Scott McDonell, it's, McDonell, Jeramy Gray, Gray, we've, Harris Organizations: Department, Facebook, USA, North Carolina State Board, CNBC, Meta, Republican, Russian, Trump, Pew Research Center, Elon, Associated Press, Reuters, Democratic, Maricopa, National Constitution Center, AFP, Getty, Intelligence, Homeland Security, FBI Locations: Maricopa County, Mesa, Arizona, Mesa , Arizona, U.S, Durham County , North Carolina, N.C, North Carolina , Mississippi, New Jersey, Springfield , Ohio, Canada, North Carolina , Arizona, Philadelphia , Pennsylvania, Maine, China, Dane County, Wisconsin, Los Angeles County, North Carolina's Durham County

☆ How we're thinking about 7 portfolio stocks with ties to OpenAI after its latest shakeup
▼ + stars: | 2024-09-26 | by ( Morgan Chittum | ) www.cnbc.com time to read: +11 min

We're taking a keen interest because several stocks in the Club portfolio have ties to the startup behind ChatGPT. Co-founder Ilya Sutskever, who had been chief scientist, also left earlier this year and launched a new AI startup. Microsoft Microsoft got the first-mover advantage among big tech firms because of its early investment in OpenAI. As of now, we still haven't heard much about Lilly's exact plan to utilize OpenAI's technology. OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024.

Persons: OpenAI, Sam Altman's, There's, Mira Murati, she's, Bob McGrew, Barret Zoph, Altman, Ilya Sutskever, it's, here's, ChatGPT, Jim Cramer, Jim, That's, —, OpenAI's, Jensen Huang, Nikesh Arora, Morgan Stanley Morgan Stanley, Morgan, Eli Lilly Eli Lilly, Eli Lilly's, Einstein, Marc Benioff, Jim Cramer's, Sam Altman, Jason Redmond Organizations: Club, Microsoft, Nvidia, Reuters, CNBC, Apple Intelligence, Apple, Bloomberg News, Street, Microsoft Microsoft, Blackwell, Palo, Palo Alto Networks, Employees, OpenAI, Barclays, Jim Cramer's Charitable, AFP, Getty Locations: OpenAI, Redmond, Washington, Palo Alto, Redmond , Washington

Read previewIt could be the end of an era for publishers on Snapchat. A fourth said any time publishers get mixed up with creators, it's bad for publishers, adding that their Snapchat revenue was already in decline so the platform had become less of a focus. A few years later, as user-generated content became dominant on social apps like TikTok, the company shifted focus to individual content creators. Advertisement"The way they're structured now is less built to over cater to traditional publishers," a fifth Snap publisher exec said. ESPN on Snapchat Discover SnapchatSome publishers have shifted resources away from Snapchat during a challenging period for the media business as a whole.

☆ Eight-time F1 race winner Daniel Ricciardo leaves RB, replaced by Liam Lawson
▼ + stars: | 2024-09-26 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +4 min

CNN —Visa Cash App RB Formula One Team (RB) have announced that Daniel Ricciardo has left the team with immediate effect. He will be replaced by Red Bull junior driver Liam Lawson in a move that brings weeks of speculation to an end. So getting signed up by the Red Bull program when I was 18 … having that responsibility, that pressure, all of that, it forced me to grow up.”Ricciardo celebrates winning the 2018 Chinese Grand Prix with Red Bull. The team has served as a development ground for future Red Bull drivers in the past, but no driver has received the call-up since Alex Albon in 2019. He stepped in for Ricciardo for five races in 2023 when Ricciardo suffered a wrist injury and has served as the reserve driver for both Red Bull and RB.

Persons: Daniel Ricciardo, Liam Lawson, Ricciardo, Nyck De Vries, Red Bull, Red Bull –, “ I’ve, ” Ricciardo, “, It’ll, Laurent Mekies, ”, “ Daniel, Bull, Toro Rosso, –, Charles Coates, don’t, you’re, I’ve, Alex Albon, Lawson Organizations: CNN, One, Red Bull, McLaren, RB, Alpha, “, Team, Singapore, Prix, Red Bull Academy, Spanish, HRT, Red, CNN Sport, Renault, British, Formula Locations: Austrian, Europe, Ricciardo, New Zealand, Austin , Texas

☆ NFL Week 4 preview: 5 things to watch out for as teams look to kick-start their offense
▼ + stars: | 2024-09-26 | by ( Andy Scholes | Ben Morse | ) edition.cnn.com time to read: +17 min

John Amis/AP Minnesota Vikings running back Aaron Jones lands in the end zone for a touchdown in Minneapolis on September 22. Brad Penner/USA Today Sports/Reuters Atlanta Falcons wide receiver Darnell Mooney scores a touchdown during the team's 22-21 win over the Philadelphia Eagles in Philadelphia on Monday, September 16. Ken Blaze/USA Today Sports/Reuters Washington Commanders running back Brian Robinson Jr. breaks a tackle from Tampa Bay Buccaneers linebacker K.J. David Banks/USA Today Sports/Reuters Rhamondre Stevenson of the New England Patriots runs the ball against Cincinnati Bengals defenders in Cincinnati on September 8. Vincent Carchietta/USA Today Sports/Reuters Miami Dolphins and Jacksonville Jaguars players pray together at the end of the game in Miami Gardens, Florida, on September 8.

Persons: It’s, Damar Hamlin, Bryan M, Bennett, Sam Darnold, Johnny Mundt, Stephen Maturen, Calvin Austin III, Brandon Sloter, John Amis, Aaron Jones, Stacy Bengs, Dak Prescotts, Cooper Neill, Allen Lazard, Alex Austin, Brad Penner, Darnell Mooney, Matt Slocum, Patrick Mahomes, Dax Hill, Jay Biggerstaff, Deebo Samuel Sr, Camryn Bynum, Ivan Pace Jr, Abbie Parr, Alvin Kamara, Kamara, Tim Heitman, Tua Tagovailoa, Tagovailoa, Jasen, Aaron Rodgers, Rodgers, Caroline Brehman, Shutterstock, Dak Prescott, Prescott, Ken Blaze, Brian Robinson Jr, K.J, Britt, Nathan Ray Seebeck, Jaylen Waddle, Hill, Stephanie V, Daniels, Al Diaz, Justin Fields, Danny Karnik, Okonkwo, Tyrique Stevenson, David Banks, Reuters Rhamondre Stevenson, Jason Mowry, Andrew Van Ginkel, Vincent Carchietta, Rebecca Blackwell, Khalil Shakir, Justin Jones, Jordan Love, Brooke Sutton, São Paulo, South America Kirby Lee, Taylor Swift, Travis Kelce, Reed Hoffmann, Isaiah, Ed Zurga, Patrick Mahomes scrambles, Charlie Riedel, he’s, Darnold, ” Darnold, Brian Flores, Kevin O’Connell, Joe Burrow, Burrow, Andy Dalton, Dalton, Denny Medley, Reuters Burrow, “, haven’t, Josh Allen, He’s, Allen, Lamar Jackson’s, Derrick Henry –, Jackson, skillset Jackson, ” Allen, …, “ He’s, ”, Jayden Daniels, Katie Stratman, Reuters “, ” Daniels, “ I’m, Mike Macdonald, Tua, Skylar Thompson, Tim Boyle, Tyler Huntley Organizations: CNN, NFL, Saints, Philadelphia Eagles, New England Patriots, Houston Texans, Cleveland Browns, Chicago Bears, Tampa Bay Buccaneers, Las Vegas Raiders, Miami Dolphins, Dallas Cowboys, Buffalo Bills, Jacksonville Jaguars, Getty Images Minnesota Vikings, Vikings, Getty Images Pittsburgh Steelers, Steelers, Los Angeles Chargers, Green Bay Packers, Packers, Tennessee Titans, AP Minnesota Vikings, AP Dallas Cowboys, Baltimore Ravens, New York Jets, The Jets, USA, Sports, Reuters Atlanta Falcons, AP Kansas City Chiefs, Cincinnati Bengals, Chiefs, Super Bowl, Reuters San Francisco 49ers, Minnesota Vikings, AP New Orleans Saints, Reuters Miami Dolphins, Reuters New York Jets, San Francisco 49ers, AP Los Angeles Chargers, Shutterstock Dallas Cowboys, Cowboys, Reuters Washington, Buccaneers, Dade Police, Miami Herald, Tribune, Service, Atlanta Falcons, Falcons, AP Tennessee Titans, Titans, Bears, Reuters, Patriots, Bengals, New York Giants, AP Buffalo Bills, Arizona Cardinals, Bills, São Paulo, The Eagles, Getty, Neo, Kansas City Chiefs, AP Baltimore Ravens, Arrowhead, 49ers, Texans, Cincinnati, Carolina, Browns, Ravens, Buffalo, Sunday, Monday’s, Cardinals, Detroit Lions, Disney, Lions, Seattle Seahawks, Seahawks, Seattle, Dolphins, Jaguars, New Orleans Saints, Carolina Panthers, Los Angeles Rams, Pittsburgh Steelers, Indianapolis Colts, Denver Broncos, Washington Locations: Orchard Park , New York, Minneapolis, Pittsburgh, Nashville, Arlington , Texas, East Rutherford , New Jersey, Philadelphia, Kansas City , Missouri, Miami Gardens , Florida, Santa Clara , California, Inglewood , California, Cleveland, Tampa , Florida, Miami, Atlanta, Chicago, Cincinnati, São, South America, Minnesota, Carolina, San Francisco, Charlotte, Baltimore, Washington, Arizona, Detroit

☆ Universal basic income pros and cons —according to experts
▼ + stars: | 2024-09-26 | by ( Allie Kelly | ) www.businessinsider.com time to read: +13 min

BI broke down the pros, cons, and frequently asked questions about basic income. Universal basic income and guaranteed basic income could fill gaps in the existing US social safety net, experts said. A benefit of basic income is the element of choice, according to Shafeka Hashash, associate director of guaranteed income at the Economic Security Project. Private donors often fully or partially fund basic income programs, lessening the cost burden on local governments. US states with active basic income programs include California, Illinois, Colorado, New York, Georgia, Louisiana, and more.

Persons: —, Melvin Carter, Paul, Shafeka Hashash, Hashash, It's, John Gillette, Oscar Wong, UBI, Andrew Yang, Howlette, hasn't, Michael Tubbs, Allan Baxter, What's, Sam Altman, Elon Musk Organizations: Service, Business, St, SDI, SNAP, Economic Security, Arizona, Rep, American, Orleans Mayor's, Youth, University of British Columbia, Alaska Permanent Fund, Tech Locations: Valley, America, Los Angeles and Illinois, Texas, Missouri, Arizona , Iowa, South Dakota, Orleans, Denver, Atlanta, Alaska, California , Illinois, Colorado , New York , Georgia, Louisiana, Canada, Brazil, China, Germany, India, Iran, Ireland, California, New Mexico, Oregon

☆ India wants to become a semiconductor powerhouse, but it can't do it on its own
▼ + stars: | 2024-09-26 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +7 min

Bhatnagar pointed to how Taiwan's Powerchip Semiconductor Manufacturing Corporation will help India's Tata Electronics to build the country's first 12-inch wafer fab in Gujarat. However, analysts said India first needs to learn the ropes before it can compete with the East Asian giant, especially since its semiconductor manufacturing industry is still at a very nascent stage. "India is far behind China in semiconductor manufacturing. Earlier in September, the U.S. Department of State announced it will partner with the India Semiconductor Mission and India's electronics and IT government body to improve the global semiconductor value chain. "We are encouraging [the] semiconductor industry in a big way.

Persons: Narendra Modi, Eri Ikeda, Trendforce, Bhatnagar, Rishi Bhatnagar, Ikeda, Cozying, Biden, Modi, Jensen Huang, Sundar Pichai, Huang, Thomas Caulfield, Lisa Su, Tarun Pathak, CNBC's Tanvir Gill, Goldman Sachs Organizations: Dixon Technologies, Bloomberg, Getty, India, Indian, CNBC, Department of Management Studies, Indian Institute of Technology, Semiconductor Manufacturing Corporation, Tata Electronics, Micron Technology, Devices, Tata Group, East, External, of Engineering, U.S . Department of State, India Semiconductor, Nvidia, Google, Hindustan Times, AMD, Counterpoint, Apple, Counterpoint Research Locations: Uttar Pradesh, India, Indian Institute of Technology Delhi, Taiwan, China, South Korea, U.S, Japan, Gujarat, American, China India, New York, New Delhi, Beijing

☆ Naomi Osaka starts working with Serena Williams’ former coach after initial hesitancy
▼ + stars: | 2024-09-26 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —Naomi Osaka has never hidden her admiration for Serena Williams and now she’s following in the 23-time grand slam champion’s footsteps. And while Osaka is excited about a new chapter in her career, the four-time grand slam champion says she was initially hesitant to start working with the well-known coach. “This isn’t rude because I found out it’s not true, but I didn’t know if he was a good coach or he coached Serena. I’m really glad that he’s taking this project on, as well.”“I would say I’m still a little nervous around him. I’m getting a little more comfortable day by day.”Patrick Mouratoglou talks to Osaka before her first-round match at the China Open.

Persons: Naomi Osaka, Serena Williams, Williams, Patrick Mouratoglou, Italy’s Lucia Bronzetti, Tsitsipas, Holger Rune, “, Serena, I’m, ” Patrick Mouratoglou, Robert Prange, Mouratoglou, ” Organizations: CNN, China, Reuters, Getty Images Osaka, Wimbledon Locations: Osaka, ” Osaka

☆ UK finance chiefs are banging the drum for one major reform to boost economic growth
▼ + stars: | 2024-09-26 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Ian Forsyth | Getty Images News | Getty ImagesLiverpool, ENGLAND — U.K. finance chiefs are banging the drum for pension reforms to boost anaemic investment and growth in the country. William Vereker, chairman of Santander U.K., cited pension reform as one of three paths to economic growth, alongside skills and education, and regulation. "If we do not have domestic capital investing in domestic businesses, we will not see the growth that this government is so rightly focused on," he added. "For me, pension reform is the way to unlock growth in the U.K.," Lee told "Squawk Box Europe." UK pensions reviewU.K. Finance Minister Rachel Reeves in July announced a landmark pensions review as part of a "big bang" of reforms to unlock growth.

Persons: Ian Forsyth, —, William Vereker, Vereker, Muirinn O'Neill, we're, Tiina Lee, Lee, it's, Rachel Reeves, Tulip Siddiq Organizations: Labour Party Conference, ACC Liverpool, Getty, Labour, Santander U.K, Citi U.K, CNBC, Finance, Treasury Locations: Liverpool, England, ENGLAND, City, London

☆ America's rivals are piling on the pressure all at once
▼ + stars: | 2024-09-26 | by ( Jake Epstein | ) www.businessinsider.com time to read: +9 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. These incidents over the past few weeks highlight how US rivals and foes are increasingly challenging the American-led global order as threats multiply worldwide. Russia, Iran, China, and North Korea have deepened their security ties as they simultaneously present Washington and its allies with new dilemmas that strain the US military. North Korea has remained firmly committed to maintaining its nuclear status and strengthening its arsenal despite intense international pressure. Much to the frustration of the US and its Western allies, North Korea has provided artillery and missiles.

Persons: —, Michael O'Hanlon, Vladimir Putin, Xi Jinping, SERGEI GUNEYEV, Putin, John Kirby, Pierre Crom, Israel, Kim Jong Un, David Lammy, AP Robert Gates, George W, Bush, Barack Obama Organizations: Service, Business, Brookings Institution, Getty, Russian Defense Ministry Press Service, Ukraine, White, National Security Council, North, renegades, North Korea —, Washington, Korean Central News Agency, Korea News Service, AP, Washington Post Locations: Russia, Iran, China, North Korea, Washington, Hawaii, Japan, Philippines, South China, Pacific, United States, America, Moscow, Russian, Kyiv, Tehran, Gulf of Aden, Gaza, Israel, Red, Korea, Ukraine, NATO, Europe

☆ Lupita Nyong'o damaged her vocal cords so badly doing a happy robot voice on 'The Wild Robot' that she almost needed surgery
▼ + stars: | 2024-09-26 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +3 min

Lupita Nyong'o voices the main character Roz in "The Wild Robot," in theaters Friday. Lupita Nyong'o voices Roz in "The Wild Robot." She'd strained her vocal cords so much doing Roz's voice that they formed a polyp, a growth on the vocal cords that forms due to overuse or misuse. Related stories"I wasn't even aware, honestly, of the stress she was putting on her own voice," Sanders said. "The Wild Robot" director Chris Sanders and Lupita Nyong'o.

Persons: Roz, Nyong'o, —, Lupita Nyong'o, Chris Sanders, Sanders, She'd, Lupita, Craig Barritt, Getty Nyong'o, Seth Meyers, Taylor, who's Organizations: Service, DreamWorks

☆ Not just China, Trump 2.0 could spell trouble for U.S. allies as he doubles down on tariff talk
▼ + stars: | 2024-09-26 | by ( Dylan Butts | ) www.cnbc.com time to read: +4 min

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

Helene was forecast Wednesday evening to become a dangerous Category 4 hurricane before it makes landfall in Florida's Big Bend area Thursday night. This is the biggest storm in the history of the city of Tallahassee to hit us head-on,” Mayor John Dailey told NBC News on Wednesday evening. “If the city of Tallahassee is hit directly by a Category 3 hurricane, it’ll be the strongest hurricane in recorded history ever to hit our community. Tallahassee State College professor Pamela Andrews helps prepare for possible flooding as Hurricane Helene heads toward the Florida Gulf Coast in Tallahassee on Wednesday. Three major colleges, Florida State University, Florida A&M University and Tallahassee State College, have canceled classes for the rest of the week.

Persons: Helene, John Dailey, “, Leslie Powell, “ I’m, ”, Powell, “ I’ve, ” Dailey, Dailey, Pamela Andrews, Sean Rayford, Leroy Peck, Peck, Daniella Silva, Major Thornton III, “ You’ve, ” Major Thornton III, Ahmiyah Phillips, Hurricane Michael, Latoya Williams, can’t, I’ve Organizations: ”, NBC News, National Hurricane Center, Tallahassee State, Florida Gulf, NBC, ., . Tallahassee International, Florida State University, Florida, M University, Tallahassee State College Locations: TALLAHASSEE, Fla, —, Florida’s, Tallahassee, Florida's Big Bend, Florida, Quincy, Gadsden County, Mexico, United States, . Tallahassee

☆ Republicans still haven't found their footing on the abortion issue: From the Politics Desk
▼ + stars: | 2024-09-25 | by ( The Politics Desk | ) www.nbcnews.com time to read: +6 min

Bernie Moreno, Republican Senate candidate for Ohio, at the RNC in Milwaukee, Wis., on July 16. “Honestly I think Bernie is heading in the right direction but handed Sherrod an opening with that.”Democrats have been hammering Republicans across the country on the abortion issue. Some Republicans warned that the party’s failure to counter abortion attacks cost them crucial seats that year. In 2022, exit polling found Democrats had an 11-point advantage on the issue of abortion. And in this new NBC poll, Harris’ advantage was just under 20 points.

Persons: Chuck Todd, Kamala Harris, Roe, Bridget Bowman, Adam Edelman, Henry J, Gomez, Bernie Moreno’s, Bernie Moreno, Eva Marie Uzcategui, Sherrod Brown, “ Bernie oof, ”, Moreno, Bernie, Sherrod, Democratic Sen, Jacky Rosen of, Joe Biden’s, Donald Trump, Harris, Gail Gitcho, “, Sam Brown, Pennsylvania’s Dave McCormick, Larry Hogan —, Sen, Rick Scott, hasn’t, Trump, Joe Biden, Republican Bill McInturff, Jeff Horwitt, Biden, I’d, Trump’s, it’s, Chuck → That’s Organizations: NBC, White House, Capitol, Gomez Republicans, Ohio, Republican, RNC, Bloomberg, Getty, Democratic, Democrats, Republicans, NBC News, GOP, didn’t, Trump, Hart Research, Biden Locations: Milwaukee, Wis, Ohio, Spanish, Jacky Rosen of Nevada, Florida

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