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The scaled back package of bills known as the Reproductive Health Act will repeal regulations aimed at abortion providers, known as TRAP laws, that critics had said were designed to close abortion providers. Last November, Michigan voters overwhelmingly approved a citizen-led ballot proposal — known as Prop 3 — that enshrined abortion rights in their state’s constitution. Whitsett, a Detroit Democrat, opposed the repeal of a state law that requires patients to wait 24 hours before receiving an abortion. A group of some of the state's top abortion right advocates slammed Whitsett in a statement after the package's passage. The organization has called restrictions on Medicaid coverage for abortion “de facto abortion bans” for people with low incomes.

Persons: Gretchen Whitmer, Laurie Pohutsky, ” Pohutsky, Roe, Wade, Karen Whitsett, Whitsett, member’s, “, Whitmer Organizations: — Michigan Democrats, Gov, Reproductive, Michigan, Detroit, Democratic, Detroit Democrat, Whitsett, Democrats, Associated Press Locations: LANSING, Mich, Michigan, Detroit

And gas prices are down around $3 a gallon ahead of this critical week for holiday driving, while mortgage rates have backed off their recent highs. There is little expectation the Fed will raise interest rates in December at its next meeting after being on pause since July and two benign inflation reports last week. Such a benign inflation outcome would increase our conviction that the coming recession will be mild.”It will be a shortened week for economic data and market activity. The week starts with a read on the economy from the Conference Board’s leading economic index. Still, the overriding narrative at the moment is one that sees a slowdown bringing further relief on the inflation front and continued, if weaker, growth ahead for the economy.

Persons: Jerome Powell Organizations: Research, US Bond Strategy, Conference, University of

Michigan’s football sign-stealing scandal expanded in a troubling new direction on Friday, as the university fired an assistant coach who had been connected to the staff member at the center of the controversy involving an impermissible off-campus scouting scheme. The dismissal of Chris Partridge, a recruiting guru who served as the team’s linebackers coach, came less than a day after Michigan football coach Jim Harbaugh made a shocking pivot by agreeing to accept his three-game suspension from the Big Ten.

Persons: Chris Partridge, Jim Harbaugh Organizations: Michigan, Big

☆ While All Inflation Feels Bad, Housing Inflation Is the Worst
▼ + stars: | 2023-11-15 | by ( Greg Ip | ) www.wsj.com time to read: 1 min

Since January 2021, home prices have risen 29% and mortgage rates have nearly tripled. Photo: roberto schmidt/Agence France-Presse/Getty ImagesTwo weeks ago, I asked why Americans were in such a rotten mood when the data said the economy is in such good shape. Inflation, we just learned, eased in October, extending a two-week rally in stocks and bonds. And yet the University of Michigan’s index of consumer sentiment keeps falling. Many readers offered reasons for their sour mood that had little to do with the economy: the border, crime, President Biden, former President Donald Trump.

Persons: roberto schmidt, Biden, Donald Trump Organizations: Agence France, University of

☆ Fact Check: Posts about US Representative Tlaib’s birthplace lack context
▼ + stars: | 2023-11-14 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

U.S. Representative Rashida Tlaib, the first and only Palestinian-American congresswoman, is a Detroit native, despite posts suggesting that she was not born in the U.S. and should be deported. Tlaib represents Michigan’s 12th congressional district, which includes the cities of Detroit, Dearborn, Southfield and surrounding suburbs. The Biographical Directory of the U.S. Congress says that Tlaib was born in Detroit on July 24, 1976. Tlaib is a natural-born citizen, an individual born on U.S. soil who is therefore automatically a U.S. citizen at birth. U.S. Representative Rashida Tlaib is a U.S. citizen born in Detroit, Michigan.

Persons: Rashida Tlaib, Tlaib, Rashida, “, ”, Read Organizations: Facebook, Palestine, Reuters, West Bank, Yahoo, U.S, Congress, U.S . House, Thomson Locations: Detroit, U.S, Dearborn, Southfield, Israel, Palestinian, Palestine, Michigan’s, “, Detroit , Michigan

Consumer prices held stable in October, bringing the annual inflation rate down to 3.2% from 3.7% a month ago as energy prices receded, the Bureau of Labor Statistics said on Tuesday. “Further evidence of disinflation inside the October inflation report,” RSM US Chief Economist Joseph Brusuelas posted on social media, noting that month-over-month inflation was flat at 3.2% and core inflation was up 0.2 percent to 4% over the same period. Although prices for a wide variety of goods and services have cooled this year, the current inflation rate is well above the 2% target set by the central bank. “Inflation expectations over the next 5 years dipped to 2.7%, slightly above the Fed’s long-run target of 2%. “We don’t think the last mile of disinflation will be particularly hard,” Goldman Chief Economist Jan Hatzius wrote in the outlook.

Persons: Joseph Brusuelas, Stocks, Matt Bush, Patrick De Haan, “, ”, Piyush Patel, Jeffrey Roach, Goldman Sachs, Jan Hatzius Organizations: of Labor Statistics, RSM, Federal, Treasury, Dow Industrial, Guggenheim Partners, CNBC, National Retail Foundation, NRF, Affinity Solutions, Wall Street, Travel, Gas, New York Federal Reserve Bank, University of Michigan’s, LPL, Investment, ” Goldman Locations: U.S

☆ Most Americans think the economy should be in fairly good shape this time next year
▼ + stars: | 2023-11-13 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

Consumers’ expectations for inflation one year and five years from now both dropped 0.1 percentage points from the month before, to land at 3.6% and 2.7%, respectively. However, median inflation expectations at the three-year horizon remained unchanged at 3%, a yearly high. On Friday, the University of Michigan’s closely watched consumer survey showed sentiment was waning about the current economic state and that inflation expectations ticked up over the long run. The median expected growth in household income ticked up a tenth of a percentage point to 3.1%. Overall, more respondents to the New York Fed survey said their households were better off than they were this time last year.

Persons: they’ll Organizations: Minneapolis CNN —, Federal Reserve Bank of New, Federal Reserve, Fed, University of Michigan’s, New Locations: Minneapolis, Federal Reserve Bank of New York, York

☆ Rashida Tlaib, Censured by the House, Is Praised and Condemned at Home
▼ + stars: | 2023-11-13 | by ( Charles Homans | More About Charles Homans | ) www.nytimes.com time to read: +5 min

But those vigils have told starkly differing stories about the war, and also about Rashida Tlaib, who represents the area and is the only Palestinian American in Congress. Khalid Turaani, a Palestinian-American activist, compared Ms. Tlaib’s censure to that of Joshua Reed Giddings, a congressman and abolitionist who was censured by his House colleagues in 1842 for introducing resolutions opposing the slave trade. Since Hamas’ surprise attack on Israel on Oct. 7, no American politician save for President Biden has featured more centrally in arguments over the Israel-Hamas war than Ms. Tlaib. Interviews in Ms. Tlaib’s district revealed a split-screen view of the war in Gaza and laid bare the grievances that have shaped it. But for Ms. Tlaib, who has staked out a position that alienates many of those constituents, it could be unbridgeable.

Persons: Rashida Tlaib, Jeremy Moss, “, ”, Tlaib, Khalid Turaani, Joshua Reed Giddings, ” Mr, Turaani, Biden, Tlaib’s, Ms, Dana Nessel, Gretchen Whitmer, Mark Mellman, Mellman Organizations: American, Democratic, Force, Palestine, West Bank, Gov, Tlaib’s Democratic, House Republicans, Israel, Democratic Party Locations: Detroit, Israel, Adat Shalom, Southfield, Tlaib’s, Dearborn, Gaza, Palestinian, Michigan, American

☆ After a Key Win, Michigan Girds for Its Next Battle: Freeing Jim Harbaugh
▼ + stars: | 2023-11-12 | by ( Andrew Beaton | Louise Radnofsky | ) www.wsj.com time to read: 1 min

The emotional aftermath of Michigan’s key win over Penn State on Saturday turned into a celebration of the one person notably absent: Jim Harbaugh, the Wolverines’ coach who had been suspended by the Big Ten over alleged sign-stealing. Offensive coordinator Sherrone Moore, who filled in as acting head coach, gave a profanity-laced postgame interview thanking both God and his suspended boss. A player held up a white board with “FREE JIM” scrawled on it. Quarterback J.J. McCarthy pointed at a television camera and proclaimed: “Love you, coach.”

Persons: Jim Harbaugh, Sherrone Moore, JIM ” scrawled, J.J, McCarthy, ” Organizations: Penn State, Wolverines, Big

☆ The Fed is terrified Americans could get used to high inflation. It may already be happening.
▼ + stars: | 2023-11-12 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Fed officials don’t expect inflation to reach 2% until 2026, according to their latest economic projections released in September. If there’s one thing that would make the Fed quake in its boots, it would be worsening inflation expectations. The keyword there is “timely.”Sticky inflation could possibly “un-anchor” inflation expectations or elicit a consistent deterioration in Americans’ perception on inflation. “The Fed really just wants people to not expect inflation will run at 4% forever.”So what’s kept inflation expectations in check this long? For individuals and married people filing separately, the new federal standard deduction will increase to $14,600, up from $13,850 this year.

Persons: we’ve, Raphael Bostic, “, ” Luke Tilley, ”, Jerome Powell, presser, Powell, Michelle Bowman, Tilley, ” Drew Matus, what’s, Matus, “ They’re, Jeanne Sahadi, Lisa Cook, Phillip Jefferson, Michael Barr, Loretta Mester, Austan Goolsbee, John Williams, Christopher Waller, Mary Daly Organizations: DC CNN, Federal Reserve, Fed, University of Michigan’s, Atlanta Fed, Bloomberg, Investment Advisors, CNN, ”, New York Bankers Association, New York Fed, MetLife Investment Management, IRS, Tyson Foods, Depot, US Labor Department, National Federation of Independent Business, China’s National Bureau of Statistics, Target, National Statistics, US Commerce Department, Walmart, National Association of Home Builders, San Francisco Fed Locations: Washington, Wilmington, Palm Beach , Florida

PHOENIX (AP) — Even NBA star LeBron James is relishing the chance to tease Michigan over its college football sign-stealing scandal. The 19-time All-Star took a light-hearted swipe at the Wolverines and coach Jim Harbaugh in the aftermath of the Los Angeles Lakers' win over the Phoenix Suns on Friday night. James grew up in Ohio, home to Michigan's biggest rival: Ohio State. He said the Lakers were able to decipher some of Suns coach Frank Vogel’s signals on the sideline because the team is familiar with him. The second-ranked Wolverines (9-0) have a shot to win a third straight Big Ten title and the school’s first national championship since 1997.

Persons: —, LeBron James, Jim Harbaugh, James, Frank Vogel’s, Vogel, ” James, Harbaugh, Ralph D, Russo, ___ Organizations: PHOENIX, NBA, Wolverines, Los Angeles Lakers, Phoenix Suns, Ohio State, Lakers, Suns, Big Ten, Penn State, ___ AP College Football Locations: Ohio, Florida

☆ Big Ten Suspends Michigan Coach Jim Harbaugh in Sign-Stealing Case
▼ + stars: | 2023-11-10 | by ( Laine Higgins | Rachel Bachman | ) www.wsj.com time to read: 1 min

The Big Ten Conference on Friday barred Michigan coach Jim Harbaugh from coaching the remainder of the team’s regular season games, an unprecedented sanction that follows allegations against the Wolverines football program of illegally attending future opponents’ games to steal play-signals. The conference announced the penalty as Michigan’s team was flying to State College, Pa., to play a top-10 matchup against Penn State on Saturday. The stakes could scarcely be higher: Harbaugh is coach of one of the nation’s top teams as it enters the season’s critical final stretch.

Persons: Jim Harbaugh, Harbaugh Organizations: Big Ten, Wolverines, State College ,, Penn State Locations: Michigan, State College , Pa

☆ Americans’ attitudes about the economy worsened for the fourth straight month
▼ + stars: | 2023-11-10 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

Washington, DC CNN —Americans are becoming gloomier about the economy with interest rates at a 22-year high and economic growth widely expected to slow. That was the fourth consecutive month that sentiment soured, after improving over the summer. Meanwhile, both short-term and long-term inflation expectations worsened this month. Americans’ expectations for inflation rates in the year ahead rose to 4.4% in November, up from October’s 4.2% reading. In a worrisome sign for the Federal Reserve, long-run inflation expectations rose to 3.2% this month, the highest level since 2011.

Persons: Joanne Hsu, Jerome Powell, it’s, ” Powell, Stocks, —, Powell Organizations: DC CNN, University, Federal Reserve, Fed, International Monetary Fund Locations: Washington, Gaza, Ukraine

CNN —University of Michigan head football coach Jim Harbaugh was suspended for the three remaining games of the 2023 regular season after the Big Ten Conference announced on Friday the Wolverines football program was found to have conducted “an impermissible, in-person scouting operation over multiple years,” thus violating the Big Ten sportsmanship policy. “I want to thank coach Harbaugh,” Moore told the Fox broadcast with tears streaming down his face. The Big Ten Conference said Jim Harbaugh's suspension from coaching on game days was "not a sanction" of the coach. “This is not a sanction of Coach Harbaugh,” it read. “You may have removed him from our sidelines today, but Jim Harbaugh is our head football coach.

Persons: Jim Harbaugh, ”, Harbaugh, Sherrone Moore, ” Moore, Warde Manuel, ” Harbaugh, Jim Harbaugh's, G, “, Tony Petitti, ” Manuel Organizations: CNN — University of Michigan, Big Ten, Wolverines, Penn State, Michigan, Harbaugh, Fox, University, Athletic, Big Ten Conference, Getty, NCAA, Football, University of Michigan, Big, CNN Locations: G Fiume, Washtenaw County Michigan

GRAND RAPIDS, Mich. (AP) — A judge in Michigan is expected to hear arguments Thursday on whether Secretary of State Jocelyn Benson has the authority to keep Donald Trump’s name off state ballots for president. Activists are suing Benson in the Michigan Court of Claims to force her to keep Trump’s name off ballots and to assess Trump’s constitutional qualifications to serve a second term as president. Meanwhile, attorneys for the former president are demanding that Trump's name be allowed on the 2024 Republican presidential primary ballot. Arguments were scheduled to begin Thursday morning in Grand Rapids before Judge James Robert Redford. It's a “federal constitutional question of enormous consequence” whether Trump cannot appear as a presidential candidate on state ballots, Benson wrote.

Persons: —, Jocelyn Benson, Donald Trump’s, Benson, James Robert Redford, “, Trump, It's Organizations: Republican, U.S, Minnesota Supreme, Benson, Trump Locations: GRAND RAPIDS, Mich, Michigan, Grand Rapids, Constitution’s, Minnesota

☆ Ohio just legalized cannabis. Now comes the hard part
▼ + stars: | 2023-11-09 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

Ohio voters’ approval of a legalization measure on Tuesday comes just months after cannabis saw some of its most significant movements at the federal level. “I honestly think it will have massive reverberating effects on what Congress has to do about this.”More than two-thirds of US states have legalized cannabis in some capacity: 38 states have approved comprehensive medical cannabis programs, and Ohio brings the recreational total to 24 states. Joshua A. Bickel/APExisting medical cannabis dispensaries will have the opportunity to be grandfathered in and have first crack at licenses, but municipalities can decide whether to allow sales. “In 2018, Michigan fully legalized cannabis, set a relatively low tax rate and my perception is it’s been a fairly successful industry there.”Michigan’s cannabis sales hit a record $276 million in July, a time when industry members there and beyond have struggled. Marijuana buds ready for harvest rest on a plant at AT-CPC of Ohio, Monday, Jan. 28, 2019, in Akron, Ohio.

Persons: Andrew Freedman, ”, “ It’s, ” Freedman, “, pollster Gallup, ‘, Nick Lachey, Joshua A . Bickel, Mike DeWine, Freedman, Douglas Berman, ” Berman, It’s, Irina Dashevsky, Marder, Tony Dejak, Dashevsky, we’ve, hasn’t, Ariane Kirkpatrick, Amonica Davis, ” Kirkpatrick Organizations: Minneapolis CNN, Buckeye, US Department of Health, Human Services, Forbes Tate, Coalition for Cannabis Policy, CNN, Republican, Drug Enforcement, Center, The Ohio State University’s Moritz College of Law, Industry, Buckeyes, CPC, Ohio, AP Companies, Enforcement Locations: Minneapolis, Minneapolis CNN — Ohio, Ohio, As Ohio, Missouri, Cincinnati, Michigan, Akron , Ohio, United States

The football program with the most wins in college football history is prepared to take possible legal action and seek a court order against any punishment handed down by the conference. The case has shadowed the Wolverines and the College Football Playoff discussion for nearly three weeks. Big Ten coaches and athletic directors have urged Petitti to discipline Michigan under the conference’s bylaws that cover sportsmanship and competitive integrity. ___AP College Football Writer Ralph D. Russo contributed to this report. Sign up here AP college football: https://apnews.com/hub/college-football and https://apnews.com/hub/ap-top-25-college-football-poll

Persons: Tony Petitti, Jim Harbaugh, Petitti, Harbaugh, Phil Skaggs, Graham, Connor Stalions, Stalions, Matt Rhule, Andy Staples, ” Rhule, Ralph D, Russo, Larry Lage, ___ Organizations: University of Michigan, Big, The Associated Press, Yahoo Sports, NCAA, Penn State, Ten, Wolverines, College, Michigan Statehouse, Michigan House, Senate, Michigan, ___ AP College Football Locations: Mich, Michigan, Nebraska, On3

☆ Future of Trump’s business empire could be hit by his fraud trial
▼ + stars: | 2023-11-08 | by ( Alicia Wallace | Nicole Goodkind | ) edition.cnn.com time to read: +6 min

Minneapolis CNN —The New York civil fraud trial of former President Donald Trump carries extremely high stakes for the self-proclaimed business mogul. “It’s between severe and seismic” as to the effects on Trump’s businesses, Thomas told CNN on Monday. Early last month, an appeals court judge paused the dissolution process for the duration of the ongoing $250 million fraud trial. A New York judge fined Donald Trump's family business the maximum penalty of $1.6 million for committing tax fraud. “[Trump] has largely been absent from the New York market for a long time,” he said.

Persons: Donald Trump, Trump, Will Thomas, Thomas, Arthur Engoron, Engoron, Victor J, ” Thomas, Adam Leitman Bailey, Bailey, ”, Alina Habba, they’re, “ They’re, Donald Trump's, Angela Weiss, you’re, — that’s, ” Trump, John Coffee, Trump’s, Jonathan Miller, Miller Samuel, ” Miller, it’s Organizations: Minneapolis CNN, The, University of Michigan’s Ross School of Business, “, CNN, Trump Organization, Trump, Bloomberg, Getty, Mar, New York, AFP, Columbia Law School, First Department, Miller Samuel Inc, New Locations: Minneapolis, York, Manhattan, New York, Westchester County , New York, Trump’s Florida, Aberdeen, Scotland, SoHo, New York City, AFP

Tuesday’s legislative elections in Virginia will provide key tests for both parties’ messaging ahead of 2024, as well as the state’s GOP governor. “I think they’re the most important elections in America because these issues that are so important to Virginians are also the ones that are going to be so important to Americans next year,” Virginia GOP Gov. The battles for the state House of Delegates, which Republicans control, and the state Senate, which Democrats control, could come down to a handful of districts. And they’ll test Youngkin’s own political power as he’s brushed off questions about his presidential ambitions. Ambassador Nikki Haley’s paid private speeches, noting that she did not keep records of what she said to the groups.

Persons: “, Glenn Youngkin, ABC’s, NBC’s Gary Grumbach, Katherine Koretski, Sen, Siobhan Dunnavant, Democrat Schuyler Van, Youngkin, Joe Biden, Kamala Harris, NBC’s Gabe Gutierrez, Julia Jester, Megan Lebowitz, ’, Biden, Alex Seitz, Wald, Ron DeSantis, ”, NBC’s Matt Dixon, Jonathan Allen, Ali Vitali, Nikki Haley’s, Peter Nicholas, Carol E, Lee, South Carolina Sen, Tim Scott’s, Robert F, Kennedy, Jr, Brandy Zadrozny, He’s, Peter Meijer, who’s, Brandon Presley, Tate Reeves Organizations: GOP, Virginians, ”, ” Virginia GOP Gov, Delegates, District, Democrat, NBC News, Democratic, Biden, Israel, Hamas, Democrats, Republican National Committee, New York Times, Florida Republican Party, Florida GOP Gov, Florida GOP, South, Public Service, GOP Gov Locations: Virginia, America, ” Virginia, Democrat Schuyler Van Valkenburg, Youngkin, Michigan, Florida, South Carolina, Black, Michigan’s, Mississippi

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Seven of the 11 major S&P 500 sectors climbed, with information technology (.SPLRCT) and consumer discretionary (.SPLRCD) leading gains. Other speakers include voting members such as Federal Reserve Board Governor Lisa Cook, New York Fed President John Williams and Dallas Fed President Lorie Logan. A total of 403 companies in the S&P 500 have reported profits to date in the third quarter, with 81.6% surpassing analyst estimates, per LSEG data. Declining issues outnumbered advancers for a 2.01-to-1 ratio on the NYSE and for a 1.24-to-1 ratio on the Nasdaq.

Persons: Brendan McDermid, Tesla, Jerome Powell, Lisa Cook, John Williams, Lorie Logan, Jamie Cox, Walt Disney, Erik Carlson, Whitney Wolfe, advancers, Amruta Khandekar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Dish, Dow, Nasdaq, Federal, Tesla, Reuters, Traders, Federal Reserve, Lisa Cook , New York Fed, Dallas Fed, Harris Financial, Fed, University of, Dow Jones, Dish Network, NYSE, Thomson Locations: New York City, U.S, Berlin ., Lisa Cook , New

He joins former U.S. Rep. Mike Rogers and former Detroit Police Chief James Craig in the Republican field, while the Democratic field has been led by U.S. Rep. Elissa Slotkin and includes actor Hill Harper. But a vote to impeach Trump just two weeks into Meijer’s first-term made him an immediate target of Trump loyalists. Meijer was among 10 House Republicans who voted to impeach Trump in 2021 following the deadly mob siege of the Capitol on Jan. 6, 2021. Questions still linger about whether a moderate candidate who voted to impeach Trump can survive a Republican primary. Trump won Michigan in 2016, and his endorsed candidates have overwhelmingly won primaries before losing by wide margins in general elections.

Persons: — Peter Meijer, Donald Trump, Meijer, Democratic Sen, Debbie Stabenow, Stabenow, “, ” Meijer, Mike Rogers, James Craig, Elissa Slotkin, Hill Harper, Slotkin, Rogers, Craig, Trump, Meijer’s, Carl Levin, Gary Peters, John James Organizations: Republican, Senate, Democratic, Republicans, U.S . Rep, Detroit Police, former Army, U.S . House, Trump, Capitol, Michigan, GOP, Democrats, U.S Locations: LANSING, Mich, U.S, Michigan, Grand Rapids, Iraq, West Virginia, Montana and Ohio

☆ Futures edge up on rate cut hopes; Fed speakers awaited
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +3 min

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Other speakers include voting members such as Federal Reserve Board Governor Lisa Cook, New York Fed President John Williams and Dallas Fed President Lorie Logan. Walt Disney (DIS.N), Instacart (CART.O) and Biogen (BIIB.O) are among major companies reporting earnings this week. 403 companies in the S&P 500 have reported profits to date in the third quarter, with 81.6% surpassing analyst estimates, per LSEG data. ET, Dow e-minis were up 28 points, or 0.08%, S&P 500 e-minis were up 8.5 points, or 0.19%, and Nasdaq 100 e-minis were up 41.5 points, or 0.27%.

Persons: Brendan McDermid, Mohit Kumar, Jerome Powell, Lisa Cook, John Williams, Lorie Logan, Walt Disney, Amruta Khandekar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal, Treasury, Jefferies, Federal Reserve, Lisa Cook , New York Fed, Dallas Fed, Tesla, Reuters, University of, Dow e, PDD Holdings, Baidu, Thomson Locations: New York City, U.S, Europe, Lisa Cook , New, Berlin, Beijing

Former President Donald J. Trump sued Michigan’s top elections official, seeking to ensure he would be on the ballot for the 2024 presidential election. In a 64-page filing on Monday, Mr. Trump’s lawyers said that Jocelyn Benson, Michigan’s secretary of state, had created “uncertainty” by failing to respond to communications from the Trump campaign about his ballot eligibility. Mr. Trump is the dominant front-runner for the Republican Party’s presidential nomination. Plaintiffs in that case then sued in Michigan state court to have the court order Ms. Benson to disqualify Mr. Trump. Ms. Benson has noted that she is watching for the results of that case.

Persons: Donald J, Trump, Michigan’s, Jocelyn Benson, Benson, “, Mr, Ms Organizations: Republican Locations: Michigan

☆ The shaky stock market is making Americans feel uneasy
▼ + stars: | 2023-10-27 | by ( Bryan Mena | ) edition.cnn.com time to read: +2 min

Washington, DC CNN —Americans’ moods soured this month, largely due to a wobbly stock market. The survey also showed that Americans became more pessimistic about the economy’s outlook for the year ahead. The tech-heavy Nasdaq tilted into correction territory Thursday as shares of some Big Tech companies slipped. Meanwhile, Americans’ inflation expectations for the year ahead worsened in October, jumping to 4.2% from 3.2% in September, the highest reading since May. The Federal Reserve pays close attention to inflation expectations, particularly longer-term expectations.

Persons: Joanne Hsu Organizations: DC CNN, University of Michigan’s, Consumers, Investors, Federal Reserve, Treasury, Meta, Microsoft, Google, Big Tech, Apple, Nvidia, Fed Locations: Washington

☆ S&P 500 enters correction territory to close volatile trading week
▼ + stars: | 2023-10-27 | by ( Krystal Hur | ) edition.cnn.com time to read: +3 min

New York CNN —The benchmark S&P 500 index closed in correction territory on Friday, ending a week made volatile by weaker-than-expected earnings reports and strong economic data. The S&P 500 fell 0.5%, marking a more than 10% drop from its most recent July peak. Amazon shares rose 6.8% on Friday after the e-commerce giant reported a beat on top-and bottom-lines for its most recent quarter. Excluding gas and food prices, the core PCE index rose 3.7% for the 12 months ended in September, its smallest year-over-year increase since May 2021. The index rose 0.3% on a monthly basis from the 0.1% rate seen in August.

Persons: Dow, Jamie Dimon Organizations: New, New York CNN, Nasdaq, Chevron, ExxonMobil, Ford Motors, United Auto Workers, JPMorgan Chase, Dow, Gross, Commerce Department, Federal, Traders, The University of Michigan’s Locations: New York

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