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☆ North Korea fires short-range missiles in first launch in two months
▼ + stars: | 2024-09-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

SEOUL, South Korea — North Korea fired multiple short-range ballistic missiles off its east coast on Thursday, South Korea’s military said, the first such launch in more than two months. Japan’s defense ministry said at least two ballistic missiles from North Korea flew about 220 miles, to an altitude of about 60 miles. Japanese Prime Minister Fumio Kishida, who last week visited Seoul to reconfirm ties with South Korea ahead of his upcoming resignation, said Tokyo strongly condemned the launch and lodged a protest against North Korea. “We continue to make utmost efforts for monitoring and cooperate with the U.S. and South Korea,” Kishida said. North Korea faces accusations of supplying Russia with weapons including drones and ballistic missiles to be used in the war in Ukraine.

Persons: “, Fumio Kishida, ” Kishida, Kim Jong Un, ” Kim, Kim Organizations: Joint Chiefs, Staff, South, North, U.S, Seoul’s, Chiefs Locations: SEOUL, South Korea, North Korea, Pyongyang, ”, Seoul, Tokyo, Japan, United, Korea, U.S, Russia, Ukraine, United States, Moscow

☆ Warren Buffett's $13 billion bet on Occidental Petroleum turns sour as oil prices hit a 3-year low
▼ + stars: | 2024-09-12 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Occidental Petroleum shares have dropped 29% since mid-April, impacting Warren Buffett's stake in the company. Berkshire Hathaway's $13 billion stake in Occidental Petroleum may be underwater, based on estimates. The price decline in Occidental shares has coincided with a 23% decline in crude oil prices since mid-April. AdvertisementTo be clear, the average price Berkshire Hathaway paid for its Occidental Petroleum stake is only known by Berkshire Hathaway itself. Another sign that Berkshire Hathaway's Occidental Petroleum bet is souring is based on the warrants it owns to purchase additional shares.

Persons: Warren Buffett's, —, Warren, Warren Buffett's Berkshire, Buffett, Berkshire Hathaway, Chris Bloomstran, Semper Augustus, Bloomstran, Vicki Hollub, it's, Hollub Organizations: Occidental Petroleum, Berkshire Hathaway's, Service, Warren Buffett's Berkshire Hathaway, Berkshire, Berkshire Hathaway's Occidental Petroleum, Apple, Bank of America, Occidental, Occidental Petroleum's Locations: Berkshire, Occidental

☆ Jon Rahm appeals DP World Tour fines in fight to make Ryder Cup
▼ + stars: | 2024-09-12 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

CNN —Spanish golfer Jon Rahm appealed against outstanding fines to the DP World Tour on Thursday which had thrown his hopes of competing at next year’s Ryder Cup into jeopardy. That would leave just the French Open and South Korea’s Genesis Invitational as the only other two DP World Tour events that Rahm could feature in this season. I’m not sure,” Lowry told reporters ahead of the Irish Open, the DP World Tour’s latest tournament, on Wednesday. Alberto Pizzoli/AFP/Getty ImagesRahm and Lowry were both captained by Pádraig Harrington during the 2021 Ryder Cup at Whistling Straits in Wisconsin. It’s very important for the Ryder Cup … it’s bigger than just the match.”

Persons: Jon Rahm, year’s Ryder, Rahm, Luke Donald’s, LIV, “ Jon Rahm, ”, Tyrrell Hatton, ‘ I’m, LIV Golf’s, “ I’m, I’ve, ” Rahm, Richard Heathcote, Alfred Dunhill, ‘, Ireland’s Shane Lowry, ” Lowry, I’m, Alberto Pizzoli, Lowry, Pádraig Harrington, Harrington, Donald, ” Harrington, “, Big, Jon, you’ve, That’s Organizations: CNN, LIV, Team Europe, New, European, Madrid, Ryder, Masters, Getty, Andalucia Masters, Paris, BMW PGA, United, United Arab Emirates, Irish, Getty Images, Lowry, Bethpage Locations: Spanish, United States, Rome, New York, Dubai, Saudi, Madrid, Chicago, Scotland, Spain, Dallas, United Arab, AFP, Whistling Straits, Wisconsin

☆ Jensen Huang's 14-hour days and workaholic lifestyle helped him turn Nvidia into an AI powerhouse
▼ + stars: | 2024-09-12 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +6 min

He told last year's New York Times DealBook Summit: "I don't wake up proud and confident — I wake up worried and concerned." That's because Nvidia almost went bankrupt in the late 1990s — a memory he says is hard to shake off. Huang works holidays but finds it relaxingNvidia CEO Jensen Huang. On the "20VC" podcast in March, Tangen said Huang told him, "'Nicolai, there is hard work and then there's insanely hard work.'" When I'm not working, I'm thinking about working, and when I'm working, I'm working.

Persons: —, Jensen Huang, Huang, Mohd Rasfan, Huang doesn't, Nicolai Tangen, Tangen, Nicolai, I'm, David Solomon, Goldman Sachs, Huang's, Michael M, That's Organizations: Service, Nvidia, Financial Times, Business, New York Times DealBook, Microsoft, Apple, Getty, Norges Bank Investment Management, Technology Conference, Stripe's Sessions, Big Tech, CNN, Forbes, Stripe Sessions, Stanford School of Business, Stanford University Locations: AFP

☆ Europe cuts interest rates again as economic recovery falters
▼ + stars: | 2024-09-12 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —The European Central Bank (ECB) cut interest rates Thursday, lowering borrowing costs for the second time in recent months as inflation slows and Europe’s economy stumbles. The ECB cut rates for the first time in five years in June, but kept them unchanged at its last meeting in July. However, it marginally downgraded the outlook for economic growth in the eurozone to 0.8%, from 0.9% projected in June. “Financing conditions remain restrictive, and economic activity is still subdued, reflecting weak private consumption and investment,” the ECB said. Earlier this week, former ECB chief Mario Draghi said in a report that slowing economic growth and productivity present an “existential challenge” to Europe.

Persons: Bert Colijn, Christine Lagarde’s, Mario Draghi, Draghi Organizations: London CNN, European Central Bank, ECB, Olympic, Paralympic Games, P Global, Hamburg Commercial Bank, “, ING Locations: Germany, Paris, Europe, United States, China, EU

☆ Stock market today: Indexes rise as investors assess producer inflation and jobless claims data
▼ + stars: | 2024-09-12 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +2 min

Indexes rose Thursday as investors digested new inflation and labor market data. Jobless claims last week rose slightly following two weeks of consecutive declines. The producer price index logged a 0.2% monthly rise, in-line with expectations. In the second inflation reading of the week, the producer price index rose 0.2% from July to August, in line with expectations. This corner of the stock market is set to outperform once the Fed starts cutting interest rates, Goldman Sachs says.

Persons: —, Harris, Ed Yardeni, Goldman Sachs Organizations: Service, Federal Reserve, Labor Department, Here's, Trump

☆ Ukraine says it shot down a $50M Su-30 Russian fighter jet, sending it crashing into the Black Sea
▼ + stars: | 2024-09-12 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Read previewUkraine's Defense Intelligence says its forces have shot down a Russian fighter jet over the Black Sea, sharing a video of the apparent strike. According to the post, Russian forces lost contact with the aircraft around 5 a.m. local time and launched a search and rescue operation about three hours later. It said a telltale streak of jet fuel was found on the water, as well as parts of the plane's wreckage. Advertisement-1 russian Su-30SM jet 🔥Warriors of the @DI_Ukraine special unit destroyed a russian Su-30SM combat aircraft with MANPADS over the Black Sea. pic.twitter.com/yaKnzWXyYF — Defense of Ukraine (@DefenceU) September 12, 2024The pro-Ukrainian Telegram channel Crimean Wind, which monitors developments on the peninsula, also posted about a missing Russian Su-30 jet, citing an unnamed Ukrainian army source.

Persons: —, Russian Sukhoi Su, ince, cale Organizations: Service, Intelligence, Business, Naval Aviation Regiment Locations: Russian, Ukrainian, Cape Tarkhankut, Crimea, Saki

The bank raised its price target on MercadoLibre Thursday to $2,500 from $2,225, suggesting 22% upside from Wednesday's close. The bank increased its price target to $230 from $200, implying nearly 16% upside from Wednesday's close. Supino also lifted the firm's price target to $93 a share, reflecting about 33% upside from Wednesday's close. Analyst Adam Berlin lowered his 12-month price target to $29 from $34, implying 6% downside. The investment firm's price target of $159 implies more than 2% downside from Wednesday's close.

Persons: Robert Ford Aguilar, — Michelle Fox, Wells, Wells Fargo, Eric Luebchow, Luebchow, Lisa Kailai Han, Sean Conlon, Wolfe, Peter Supino, Supino, Samantha Subin, BofA, George Staphos, a.m, Adam Berlin, Berlin, IPG, — Sean Conlon, Bernstein, Mark Moerdler, — Lisa Kailai Han, Stifel, Simon Yarmak, Andrea Pistacchi, Brandt Montour, it's, Montour, Fred Imbert Organizations: CNBC, Barclays, Bank of America, Diageo, Mercado, Mobile, Sprint, Wolfe Research, UBS downgrades, UBS, billings, GM, Pfizer, Oracle, Simon Property, Property Group, SPG, U.S, New York Stock Exchange Locations: Brazil, Mercado Pago, Wells Fargo, Wells, Roku, Berlin, America, U.S

☆ Polaris Dawn crew conducts historic spacewalk during SpaceX mission
▼ + stars: | 2024-09-12 | by ( Jackie Wattles | Ashley Strickland | ) edition.cnn.com time to read: +8 min

Editor’s note: Relive the SpaceX Polaris Dawn historic commercial spacewalk as it happened. The Polaris Dawn crew can see a sunrise and sunset about every 106 minutes. Polaris Dawn crew members are seen within the SpaceX Crew Dragon capsule. Instead, the Polaris Dawn crew will receive their life support from long hoses attached to their spacecraft. Polaris Dawn crew member and SpaceX engineer Sarah Gillis is seen during the first commercial spacewalk.

Persons: —, Polaris Dawn crew’s, Jared Isaacman, Scott “ Kidd ” Poteet, Anna Menon, Sarah Gillis —, Isaacman, “, ” Isaacman, Gillis, ” Mennon, Bill Nelson, ” Nelson, Hatch, we’ve, Garrett Reisman, Sarah Gillis, Elon Musk, ” What’s, they’re, ” Organizations: SpaceX Polaris, CNN, Polaris, SpaceX, Shift4, US Air Force, NASA, Space, ISS Locations: wiggling, U.S

☆ Polaris Dawn spacewalk: Watch live as SpaceX's commercial astronauts attempt mission's historic EVA
▼ + stars: | 2024-09-12 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +8 min

Their week-long mission, called Polaris Dawn, is fully private with no NASA involvement — but it's no billionaire joyride. The Polaris Dawn spacewalk planThe spacewalk procedure begins 48 hours before opening the Crew Dragon's hatch, with a "pre-breathe." Polaris Dawn crew members train to recognize symptoms of complications from decompression. The Polaris Dawn crew will have to open Dragon's nosecone with no airlock to keep its cabin pressurized. Polaris Program via XThe risks and stakes are highThe Polaris Dawn spacewalk plan — no airlock, vehicle fully open to space — is not totally unprecedented.

Persons: —, joyride, Elon Musk's, It's, Jared Isaacman, Anna Menon, Sarah Gillis, Scott Poteet, haven't, Leroy Chiao, Chiao, John Kraus, Isaacman, Gillis, — Menon, Poteet, Mike Hopkins, NASA Abhi Tripathi, Tripathi, Menon, Bill Gerstenmaier Organizations: Service, SpaceX, Business, Polaris, NASA, Elon, Air Force, Polaris Program, Space Station, Reuters, UC Berkeley's Space Sciences Laboratory Locations: Mars, West Coast, Hawthorne , California

☆ Boeing faces strike threat as union members vote on tentative labor deal today
▼ + stars: | 2024-09-12 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +7 min

Among other benefits increases, the contract would increase union members’ pay by last least 25% over four years. Union members have launched a series of protests this week outside of Boeing plants and may ultimately reject the new contract union leaders negotiated with Boeing management. The deal will be officially approved if more than 50% of the members vote in favor of the tentative agreement. That would prevent a strike, no matter how many workers vote to strike. If just more than a third of members vote against a strike, then the contract takes effect, no matter the results of the ratification vote.

Persons: we’ve, Kelly Ortberg, Jon Holden, ” Holden, Ortberg, “, ”, Holden Organizations: New, New York CNN —, Boeing, Union, Alaska Airlines, International Association of Machinists, IAM, The Seattle Times, CNN Locations: New York, Oregon, Seattle, What’s, Washington

☆ I quit my high-paying finance job to start a bakery. I wanted more time with my kids.
▼ + stars: | 2024-09-12 | by ( Jane Ridley | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In 2004, my mind wandered while sitting in a sales meeting as part of my finance job. I earned a good salary and worked with my father, an investment banker, but I wasn't fully present. AdvertisementThere's immense pressure in America to go fast, fast, fast, bigger, bigger, bigger. Who cares how many hours you've worked and how successful you've been?

Persons: —, Carrie Morey, I'd, you've, it's, Caroline, John, Mom, she'd, caterer, — it's, Cate, Sarah, They'd Organizations: Service, Business, Foods, Costco Locations: Charleston , South Carolina, New York, America

☆ Tyreek Hill wants officer involved in his traffic stop 'gone, gone, gone, gone'
▼ + stars: | 2024-09-11 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +3 min

Miami Dolphins star wide receiver Tyreek Hill emphatically said Wednesday the police officer involved in his traffic stop and detainment this week should be terminated. Hill, who was talking to reporters at a team-sanctioned press conference, was asked how he feels about his lawyer saying the officer involved should be dismissed. “Gone, gone, gone, gone. He got to go, man,” Hill said. He also said he could have approached the traffic stop differently.

Persons: Hill, “, ” Hill, Cheetah, Jonnu Smith, Calais Campbell, Campbell, Danny Torres, Torres, Ignacio Alvarez, Alvarez, Daniels, ” Alvarez, bodycams, ” Organizations: Miami Dolphins, NFL, Miami, Dade, Dolphins, McLaren, NBC News Locations: Dade County

Justin Timberlake is headed back to the Hamptons. The Grammy winner will be attending his Friday DWI court hearing in person, a spokesperson for the Suffolk County District Attorney's Office told NBC News on Wednesday. Timberlake, 43, was pulled over on June 18 after driving through a stop sign in the affluent Hamptons area of Long Island a little after 12:15 a.m. During the singer's court appearance last month, he appeared virtually from his Belgium tour stop. The judge suspended his license and also admonished Burke Jr. for “irresponsible” comments made over the summer in which he criticized law enforcement.

Persons: Justin Timberlake, Timberlake, Michael Arkinson, Edward Burke Jr, Burke Jr Organizations: Hamptons, Attorney's, NBC News Locations: Suffolk County, Sag, Long, New York, Sag Harbor, Belgium

Following Donald Trump’s lead, Johnson has tied a six-month funding bill to the SAVE Act, which would overhaul voting laws to require people to show proof of citizenship when registering to vote. Senate Majority Leader Chuck Schumer, D-N.Y., Democrats and some Republicans are pushing for a “clean” funding bill that would keep the government open until December, after the election. The government will shut down at 12:01 a.m. on Oct. 1 unless Republicans and Democrats strike a deal to extend funding. Because of their miniscule majority, House Republicans can only afford four GOP defections if all lawmakers vote. “I’m a firm NO on bankrupting the nation and a YES on election integrity,” Mills said.

Persons: Mike Johnson’s, Donald Trump’s, Johnson, Chuck Schumer, Joe Wilson, Cory Mills, Jim Banks, Matt Rosendale, Andy Biggs of, Tim Burchett, “ I’ve, ” Burchett, ” Mills, Trump, don’t Organizations: WASHINGTON, SAVE, Democrats, Republicans, GOP, CRs, Armed Services, Foreign Affairs Locations: Cory Mills of Florida, Jim Banks of Indiana, Matt Rosendale of Montana, Andy Biggs of Arizona, Tennessee, ”, China

☆ California wildfires: Bridge Fire explodes in size, man arrested in connection with Line Fire
▼ + stars: | 2024-09-11 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +6 min

The blaze expanded from Los Angeles County into San Bernardino County, and as of Tuesday evening was 0% contained. “Tragically, homes have been lost,” San Bernardino County’s government said on Facebook late Tuesday, as the county proclaimed an emergency due to the blaze. Video by the San Bernardino County Fire Department showed firefighters and deputies performing rescue evacuations in Wrightwood on Tuesday evening as flames consumed brush and trees. Justin Wayne Halstenberg, 34, from Norco, allegedly started the fire in the area of Baseline Road and Alpin Street in the city of Highland on Sept. 5, the San Bernardino County Sheriff's Office said. The Line fire burns through in San Bernardino National Forest, Calif., on Sept. 10, 2024.

Persons: San Bernardino County’s, Justin Wayne Halstenberg, Gavin Newsom, Gina Ferazzi, Paul Holaday, we’re, Brian Fennessey, David Swanson, Newsom's, Davis Organizations: Angeles National Forest, California Department of Forestry, Fire, Facebook, San, San Bernardino County Fire Department, Mount, National Weather Service, San Bernardino National Forest, San Bernardino County Sheriff's, Central Detention, Home, National Guard, Los Angeles Times, Getty Images, Orange County Fire Authority, Trabuco Flyers, RC, Getty, U.S . Forest Service of Humboldt, Sierra Locations: Southern California, Los Angeles County, San Bernardino County, San Bernardino, Wrightwood, San Antonio, East Fork, California, Los Angeles, Norco, Highland, Big, Running, Lake, Forrest Falls, San, Calif, Orange County, Orange, El Cariso, Lake Elsinore, AFP, Nevada, U.S, Davis, Reno

Harris is expected to attend a service at the Memorial plaza at ground zero in New York City, as is Trump, according to a source familiar with his plans. Harris and Biden — and Trump — will then travel to Shanksville, Pennsylvania, home of the Flight 93 memorial. Tim Walz, is expected to commemorate the 9/11 anniversary in his home state. In 2016, Trump and former Secretary of State Hillary Clinton attended a 15th anniversary service, but Clinton departed abruptly and appeared unsteady as she left. Trump, a New York native, did not attend the memorial in 2021, making stops instead at a police station and a firehouse.

Persons: Kamala Harris, Donald Trump, Harris, Joe Biden, Karine Jean, Pierre said Biden, Biden —, Trump, Biden, Tim Walz, Hillary Clinton, Clinton, ” Harris, “ Organizations: Pentagon, Minnesota Gov, Democratic, Air Force Locations: New York City, Shanksville , Pennsylvania, Shanksville, York, Asia, Alaska, New York

Magistrate Kathy Crittenden accepted that Baker was remorseful and was unlikely to drive after drinking again. Police reported seeing Baker’s Tesla electric car driving erratically in the fashionable Byron Bay region where he lives at 2:11 a.m. July 20. Crittenden said the outage knocked police systems offline and an electronic breath test could not be completed on Baker. She said police resorted to an “old-fashioned sobriety test.”Police reported Baker was unsteady on his feet and smelled of alcohol. “The court has little difficulty in finding that Mr. Baker is remorseful for his offending and it is unlikely he will offend again,” she said.

Persons: Simon Baker, Patrick Jane, ”, Baker, Meryl Streep, Anne Hathaway, Oscar, Kazuo Ishiguro’s “ Klara, Taika, Kathy Crittenden, CrowdStrike, Crittenden, ” Crittenden, “, remorseful Organizations: CBS, of, Police, ” Police Locations: MULLUMBIMBY, Australia, Australian, Mullumbimby, New South Wales, California, Byron Bay

☆ The long and complex political legacy of 9/11
▼ + stars: | 2024-09-11 | by ( Stephen Collinson | ) edition.cnn.com time to read: +4 min

Trump and Harris — who had not met until Tuesday night at their fiery debate – even shook hands for the second time in less than 24 hours. 9/11 is now far enough in the past that it’s taking on a historic hue. The gathering of past, present and future US leaders Tuesday was a reminder of the still unfolding cascade of political consequences triggered by the attacks. And, underscoring the passage of time, some young voters born after 9/11 will this year vote in their second presidential election. But the world’s worst terror attack still has a powerful psychological and political half-life and is embedded deep in America’s soul, as we are reminded every September.

Persons: Joe Biden, Kamala Harris, Donald Trump, Harris —, Michael Bloomberg, JD Vance, George W, Bush, Trump, Harris, Barack Obama, Trump’s, Biden, there’d, Vance, Osama bin Laden Organizations: CNN, Trump, New, New York City, Republican, World Trade, Pentagon, al Locations: Manhattan, New York, al Qaeda, America, Trump, Afghanistan, Kabul, quagmires, Illinois, Iraq

☆ Mother of suspected Apalachee High School shooter apologizes to victims’ families in open letter
▼ + stars: | 2024-09-11 | by ( Isabel Rosales | Dakin Andone | ) edition.cnn.com time to read: +2 min

The letter comes one week after the shooting, which authorities allege was carried out by Colt, leaving two teachers and two students dead at Apalachee High School in Winder, Georgia. Seven others were wounded by being shot, and two others suffered other injuries, authorities said. “My son Colt is not a monster. It was concerning enough that Marcee Gray called the school to warn of an “extreme emergency” at 9:50 a.m., about 30 minutes before police responded to the school for a shooting, according to call logs and a text exchange between Marcee Gray and her sister, who provided them to CNN. This is a developing story and will be updated.

Persons: “, ” Marcee Gray, Colt Gray, Mason, ”, Colt, “ I’m, Marcee Gray Organizations: CNN, Apalachee High School, Colt Locations: Georgia, Winder , Georgia

☆ A day in the life of an American startup founder in Singapore who juggles timezones, 8 employees, and WhatsApp chats with hundreds of customers
▼ + stars: | 2024-09-11 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

As a startup founder, no day is exactly the same. This is a relatively new part of her daily routine, and something she used to think was "impossible" to make time for as a startup founder. A typical day: Communicating with customers, paring down meetings, and saving admin for the eveningA chunk of Jiang's day consists of interacting with Peek customers via WhatsApp chat. In general, she says she has "way fewer meetings" as a startup founder than she did in the corporate world. Jiang and her partner, who is also a startup founder, also block out one night a week — Thursday — to set work aside and "just hang out," she said.

Persons: —, Sherry Jiang, Jiang, Peek, I'm, she's, they're, I've, Sherry Jiang Jiang Organizations: Service, Google, Business, Vally, Peek, Singapore, UC Berkeley, Amazon, LinkedIn Locations: Singapore, West Coast, Asia

☆ Solar stocks are winners from the presidential debate and we've got one primed to run
▼ + stars: | 2024-09-11 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. If there were any winners from the debate, solar stocks would be it. Other solar stocks such as Array and First Solar were soaring as well. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Kamala Harris, Donald Trump, Jim, Morgan Stanley, Goldman Sachs, Morgan, Stocks, Campbell, Buster's, Jim Cramer's Organizations: CNBC, Fed, Williams, Viking Therapeutics, Dave Locations: United States, Sonoma

☆ Treasury yields move lower ahead of key consumer inflation report
▼ + stars: | 2024-09-11 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

The yield on the 10-year Treasury was nearly 2 basis points lower at 3.625%, with the 2-year Treasury yield down 2 basis points at 3.586%. Treasury yields dipped on Wednesday as investors awaited the release of U.S. inflation data for clues on the size of a potential interest rate cut from the Federal Reserve next week. The reports come ahead of the Fed's Sept 17-18 meeting, with traders widely expecting a rate cut. Others have described such a move as one that would be "very dangerous" for markets, pushing instead for the Fed to deliver a quarter-point rate cut instead. Traders are currently pricing in a 67% chance of a 25-basis-point rate cut, with 33% expecting a 50-basis-point rate reduction, according to the CME Group's FedWatch Tool.

Organizations: Treasury, Federal Reserve, Fed Locations: U.S

☆ The market is acting like Harris won last night's debate against Trump
▼ + stars: | 2024-09-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Price action in the stock market suggests markets think Kamala Harris won Tuesday's debate. Investors reacted by selling assets tied to the "Trump trade," with declines in Trump Media stock and bitcoin. AdvertisementThe first Presidential debate between Kamala Harris and Donald Trump is over and markets have named the winner. Following Tuesday night's debate, markets are showing signs that Vice President Harris came out on top, with investors voting with their portfolios and selling assets tied to the so-called Trump trade. On the flipside, assets that could see a boost from a Kamala Harris presidency were up Wednesday.

Persons: Price, Kamala Harris, Trump, Harris, —, Donald Trump, Matthew Ryan, Ebury, it's Organizations: Trump Media, Service, Trump, Technology Group, Truth, cryptocurrency, ING, ING Economics

☆ Tom Cruise’s payday for that Olympic stunt may surprise you
▼ + stars: | 2024-09-11 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —Tom Cruise pulled off an impressive stunt at the Paris Olympics closing ceremony for which he was compensated by… thrill? “We’ll do the thing that the LA with the Hollywood sign, he’ll hand the thing off and done. About five minutes into the presentation [Tom Cruise] goes ‘I’m in. He landed in LA at 4 a.m. and filmed the scene where he pulls onto a military plane,” Wasserman recalled. Then he helicoptered from Palmdale to the Hollywood sign, filmed from 1 until 5, helicoptered to Burbank Airport and flew back to London.”Mission accomplished.

Persons: Tom Cruise, Casey Wasserman, Cruise, Los Angeles Mayor Karen Bass, Simone Biles, ” Wasserman, Wasserman, “, we’ll, I’m, ” Cruise Organizations: CNN, Paris, Paralympic Games, Stade du, Los Angeles Mayor, Hollywood, CNBC, Burbank Airport, ” Locations: Stade du France, Los, Paris, Los Angeles, London, LA, Palmdale

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