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☆ Snap surges 10% as it gets a major boost from AI and paid subscribers
▼ + stars: | 2024-10-30 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Snap's revenue growth was attributed to AI features and growth in Snapchat+ users. Spiegel said Snap has also introduced AI tools for creators, which it has been pushing to onboard onto the platform recently. However, Snap projected that the current quarter will only see the number of users grow by 8 million to 451 million. Related storiesPaid subscribers and AI are boosting SnapThe CEO also attributed the revenue growth to paid subscriptions. Snap's 443 million user base is small compared to Meta's 3.3 billion users, and TikTok's more than 1 billion users, both of which it directly competes with for ad revenue.

Persons: —, Evan Spiegel, Spiegel, James Heaney Organizations: Service, Google, Jefferies

☆ How the gender gap is widening in upcoming election
▼ + stars: | 2024-10-30 | by ( ) edition.cnn.com time to read: 1 min

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☆ Sigh of relief for UK tech founders as Labour hikes capital gains tax by less than feared
▼ + stars: | 2024-10-30 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

On Monday, British tech lobby group Startup Coalition warned in a blog post that there was a risk Reeves' tax plans could result in a tech "brain drain.". (Photo by Oli Scarff/Getty Images)LONDON — Britain's Labour government on Wednesday announced plans to raise the rate of capital gains tax on share sales, news that offered some relief for technology entrepreneurs who feared a more intense tax raid on the wealthy. Finance Minister Rachel Reeves on Wednesday hiked capital gains tax (CGT) — a levy on the profit investors make from the sale of an investment — as part of her far-reaching budget announcement. The lower capital gains tax rate will be increased to 18% from 10%, while the higher rate will climb to 24% from 20%, Reeves said. She stressed that this still represented a "significant gap compared to the higher rate of capital gains tax."

Persons: Reeves, Oli Scarff, Rachel Reeves, quashing Organizations: Startup Coalition, Labour, Wednesday, Finance, National Insurance Locations: British, BADR

☆ Airbus delivers first extra-long-range Airbus A321 as smaller jets fly farther
▼ + stars: | 2024-10-30 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

An Airbus A321XLR Neo passenger aircraft performs a flying display at the Paris Air Show in Le Bourget, Paris, France, on Monday, June 19, 2023. Airbus said Wednesday that it has handed over its first extra-long-range narrow-body aircraft, the A321XLR, marking another step in an era of smaller and more fuel-efficient jets flying longer distances, and further expanding a delivery gap between Airbus and rival Boeing . The first aircraft was delivered to Spain's Iberia, which plans to debut it between Madrid and Boston next month. American Airlines and United Airlines have also ordered the 321XLRs. The plane maker has been working on getting the aircraft certified for five years.

Organizations: Airbus, Paris Air, Boeing, American Airlines and United Airlines, JetBlue Locations: Le Bourget, Paris, France, Iberia, Madrid, Boston, New York, Amsterdam

☆ Betting on the election is the hottest new trend. But can prediction markets keep the momentum going?
▼ + stars: | 2024-10-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The big storyPresidential betsChris duMond; Chip Somodevilla/Getty Images; Jenny Chang-Rodriguez/BIWe're less than a week from election day, but one group can already claim victory: betting markets. Kalshi's legal victory in October over the CFTC to offer election betting paved the way for the trend. iStock; Rebecca Zisser/BIThe betting market's biggest tests might come after the election. Betting markets have Trump as a heavy favorite, whereas traditional polls indicate a tight race. AdvertisementShould Trump win in a landslide, it could strengthen the case for using betting markets as a key tool for election analysis.

Persons: —, Chris duMond, Chip Somodevilla, Jenny Chang, Rodriguez, Matthew Fox, Donald Trump, Polymarket, iStock, Rebecca Zisser, Nate Silver, Tesla, Zuckerberg, Citadel's, Justin Lubell, Lubell, Steve Schwarzman, Ken Griffin, Trump, Tyler Le, Harris, Sundar Pichai, Elon Musk, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, Apple, CFTC, Trump, TikTok, Meta Connect, Meta, Bank of America, Blackstone, Republican, Amazon, AWS, Five Apple Intelligence, Google, The Washington Post, Street, Microsoft, Starbucks Locations: French, New York, London

Ambassador Nikki Haley was critical of Trump world on Tuesday for being “overly masculine with this bromance thing” following the former president's rally at Madison Square Garden on Sunday. On Fox News Tuesday, Haley addressed a comedian’s racist jokes about Puerto Rico and Latinos, a moment that has roiled the Trump campaign and was condemned by multiple Republicans, including members of Congress. “This is not a time to have anyone criticize Puerto Rico or Latinos,” Haley said, instead calling for discipline around the campaign. The Trump campaign did not immediately return a request for comment. “This bromance and masculinity stuff, it borders on edgy to the point that it’s going to make women uncomfortable,” Haley said.

Persons: Nikki Haley, Haley, ” Haley, Trump, “, Kamala, Elon, Harris, Sen, JD Vance, Ohio, She's Organizations: Trump, Madison, New York City, Fox News, Elon Musk's, Communist, Republican, GOP, Republican National Convention, NBC Locations: New York, Puerto Rico, America

☆ Influencers are playing a big role in the 2024 election. There’s no way to tell who’s getting paid for their endorsements
▼ + stars: | 2024-10-29 | by ( Clare Duffy | Brian Fung | ) edition.cnn.com time to read: +12 min

Angelo was paid by a Democratic political action committee for the post, a fact that’s clearly noted in the caption. Campaigning moves to social mediaIn 2024, political content posted by social media creators has become just as important as traditional celebrity endorsements — if not more. Together, the two organizations paid 15 social media creators to produce content encouraging Latinos to vote. Election advertisements are overseen by a different agency, the Federal Elections Commission, which lacks a similar disclosure rule for individuals who are paid to make endorsements on social media. Meta, the parent company of Facebook and Instagram, has since 2020 allowed paid political content from influencers, so long as the organization paying for it is registered in its ad library.

Persons: ” influencer Mikey Angelo, who’s, Angelo, they’ve, ’, they’re, “, ”, Krysten Stein, Jake Paul, Donald Trump, Trump, ” Paul, Tim Walz, Matt Nelson, Walz, Nelson, Paul, Kamala Harris ’, Harris, “ It’s, Danielle Butterfield, Butterfield, ” Butterfield, Influencers, Trump’s, Axios, Jack Posobiec, Riley Gaines, Tana Mongeau, Mongeau, she’d, ” Mongeau, they’d, Mitchell Katz, Ellen Weintraub, Shana Broussard, George W, Bush, aren’t, TikTok, Somos, Ari Cohn, ” Cohn, Robert Weissman, ” Weissman, Cate Domino, Domino Organizations: New, New York CNN, Democratic, influencers, Commission, Pew Research Center, University of Cincinnati Blue Ash College, YouTube, Convention, USA, Somos, CNN, NCAA, Democratic National Committee, Republican National Committee, Federal Trade Commission, Federal Elections Commission, FEC, Facebook, Public Citizen Locations: New York, Trump

☆ The 2024 presidential election, explained
▼ + stars: | 2024-10-29 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +16 min

For Democrats, President Joe Biden dominated the primaries and faced only token opposition. Vice President Kamala Harris speaks as former President Donald Trump listens during a presidential debate at the National Constitution Center in Philadelphia on September 10, 2024. Trump was accused by the Justice Department of election interference after he tried to overturn the 2020 election results. The most populous states are California (54 electoral votes), Texas (40 electoral votes) and Florida (30 electoral votes). The total number of electoral votes, 538, is an even number, which means a tie is conceivable.

Persons: CNN —, Hurricane Helene, Jonathan Drake, Kamala Harris, Tim Walz, Donald Trump, Sen, JD Vance, Ohio, Party’s Chase Oliver, Jill Stein, Robert F, Kennedy Jr, Trump, Harris, Read, Joe Biden, Biden, Saul Loeb, Hillary Clinton, Roe, Wade, Harris ’, Hannah Beier, White, –, Barack Obama, Bill Clinton, Clinton, Nathan L, Gonzales, Kent Nishimura Organizations: CNN, Democrat, Minnesota Gov, Republican, Trump, Republicans, Democrats, Capitol, GOP, National Constitution Center, Getty, US, Justice, White, Electoral College, Voters, Washington, White House, Black, North Carolina, Georgia, Electoral, Senate, Bloomberg, Democratic Locations: Indiana, Kentucky, Alaska, Washington state, Oregon, Utah, Hurricane, Marion , North Carolina, Philadelphia, Florida, New York, Alaska , Delaware, , Vermont, Wyoming, California, Texas, Washington ,, Puerto Ricans, Doylestown , Pennsylvania, Pennsylvania, Michigan, Wisconsin, West Virginia, Arizona, Nevada, West, North Carolina, Georgia, East . Arizona , Georgia, Nebraska, Maine, Trump, Omaha, Washington, Montana, Ohio

☆ UK budget to be driven by tax rises, Deloitte UK's Tickel says
▼ + stars: | 2024-10-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK budget to be driven by tax rises, Deloitte UK's Tickel saysAmanda Tickel, head of tax and trade policy at Deloitte UK, weighs in on the U.K. budget, saying that she expects the vast majority of the spending gap to be plugged with tax rises.

Persons: Deloitte UK's Tickel, Amanda Tickel Organizations: Deloitte

In Nevada, 48% of likely voters support Trump and 47% back Harris. Hispanic likely voters in Nevada split about evenly between Harris and Trump (48% support Harris, 47% Trump). In Arizona, likely voters are split over which candidate cares more about people like them (45% say Harris does, 41% Trump). The gap is even wider in Nevada, where 71% of Democratic-leaning likely voters are very confident compared with 16% of Republican-aligned likely voters. Likely voters include all registered voters in the poll weighted for their predicted likelihood of voting in this year’s election.

Persons: Kamala Harris, Donald Trump, SSRS, Harris, Harris ’, Trump, White, Ruben Gallego, Kari Lake, Sen, Kyrsten Sinema, Democratic Sen, Jacky Rosen, Sam Brown, who’ve, Ethan Miller, Republican leaners Organizations: CNN, White, Trump ., Trump, Trump . Independent, Democratic, US Senate, Democratic Rep, Republican, Democrats Locations: Arizona, Nevada, Trump . In Nevada, Las Vegas, In Arizona, In Nevada

☆ Nick Cannon says he was insecure Mariah Carey was the 'alpha' in their marriage. He's not the only man who's admitted to being jealous of a partner's success.
▼ + stars: | 2024-10-29 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +6 min

Nick Cannon recently opened up about feeling insecure during his six-year marriage to Mariah Carey. AdvertisementDuring their six-year marriage, Nick Cannon said he knew what people were thinking: "The kid from Nickelodeon is with Mariah Carey?" As a child star on Nickelodeon's "All That" and its spin-off "The Nick Cannon Show," Cannon was an avowed fan of Carey, who's 11 years his senior. Cannon praised Carey for being "understanding" and "evolved," even while he was struggling with his identity and career. Cannon is far from the only man who's admitted to being jealous of his wife's financial status.

Persons: Nick Cannon, Mariah Carey, Cannon, —, Ray Daniels, Carey, who's, Daniels, — she's, Singer, hasn't, She's, I'm, Mauricio Santana, Jenna Birch, outperforms, Kate Ratliff, they're Organizations: Service, Nickelodeon, VH1, Billboard, The New York Times, Def, Social Psychology, American Psychological Association, University of Florida Locations: Monroe, Sao Paulo, Brazil

☆ Argentina: Abortion access is dwindling under President Javier Milei three years after legalization
▼ + stars: | 2024-10-29 | by ( Betiana Fernández Martino | ) edition.cnn.com time to read: +10 min

This is how she came across Amnesty International, an organization that works for the promotion and defense of human rights. María is one of the cases where Amnesty International had to intervene to ensure a safe abortion. People hold green handkerchiefs during a demonstration in support of safe and legal abortion access to mark International Safe Abortion Day, in Buenos Aires, Argentina, September 28, 2023. Similarly, information from health professionals in the Safe Abortion Access Network (RedAAS by its acronym in Spanish) aligns with this. CNN contacted the National Ministry of Health regarding both shortages and the second public information request but did not receive a response.

Persons: María, misoprostol, Javier Milei, Anna Moneymaker, Mariana Nedelcu, Lucila Galkin, Galkin, Silvina Ramos, ”, Ramos, can’t Organizations: CNN, “, Ministry of Health, National Sexual Health, Amnesty, Conservative Political, Gaylord, Amnesty International, American, National Directorate of, Argentina’s Ministry of Health, Galkin, National Ministry of Health Locations: Misiones, Argentina, Posadas, Montecarlo, Eldorado, National Harbor , Maryland, Buenos Aires, Amnesty International Argentina

☆ Citi calls these smaller stocks buys that are expected to rally from here
▼ + stars: | 2024-10-29 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Citi forecasts an expected total return of 33% for the name. Earlier this month, JPMorgan raised its price target on the name to $195, which corresponds to a potential upside of 41% from Monday's close. Citi also highlighted Ally Financial as a stock to buy, and the firm sees an expected total return of 48% for the name. Shane's $40 price target is nearly 14% higher than where shares of Ally closed on Monday. Wlodarczak's $170 price target implies a potential upside of 46% for the stock.

Persons: Russell, Scott Chronert, Said, Matthew Boss, Hollister, Richard Shane, Shane's, Jeffrey Wlodarczak Organizations: Citi, megacap, Federal Reserve, Citi U.S, Abercrombie, Fitch, JPMorgan, Entertainment, Research Locations: Monday's

☆ Mortgage rates will be high throughout 2025 even as the Fed lowers borrowing costs, Goldman Sachs says
▼ + stars: | 2024-10-29 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Mortgage rates will remain above 6% throughout 2025, Goldman Sachs said. In the bank's 2025 Housing Outlook, the analysts forecast mortgage rates will remain elevated, even as the Federal Reserve cuts interest rates. They expect mortgage rates to stay above 6% next year and end 2025 at 6.1%. "Our strategists expect mortgage rates to remain elevated for the foreseeable future," the analysts, led by Jan Hatzius, said in a Monday note. AdvertisementThey pointed to a variety of technical factors, including lower rates volatility and a rebound in demand for mortgage-backed securities that will help close the gap between risk-free rates and mortgage rates.

Persons: Goldman Sachs, —, Freddie Mac, Jan Hatzius Organizations: Analysts, Service, Federal Reserve, Treasury

☆ Buying a home is 'a way to increase your net worth over time,' top-ranked advisor says
▼ + stars: | 2024-10-29 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

In the second quarter of 2024, U.S. homeowners with mortgages had a net homeowner equity of over $17.6 trillion, according to CoreLogic. It's also generally considered a path to build wealth and increase your net worth , financial experts say. It's a way to increase your net worth over time. Homeowners can start to see their equity and net worth increase within five to 10 years. Homeownership allows you to increase your net worth because you can build equity through mortgage payments, which increases your asset value over time as the property appreciates in value, experts say.

Persons: It's, Steven LaRosa, Freddie Mac Organizations: Edgemoor Investment, Urban Institute Locations: Bethesda , Maryland

☆ Vista's Robert Smith: How to prevent AI from further widening the racial wealth gap
▼ + stars: | 2024-10-29 | by ( Robert Smith | Ceo Of Vista Equity Partners | ) www.cnbc.com time to read: +5 min

For example, according to a recent McKinsey study, Black Americans are 10% more likely to be working jobs slated for AI automation. If current trends hold, the new wealth created by GenAI alone will increase the racial wealth gap by $43 billion annually, according to McKinsey. That begins with infrastructure that supports AI enablement for all, including education on AI tools, access to the internet and power to compute. SFI has been working hard to close the digital divide in Black communities, including Historically Black Colleges and Universities (HBCUs), 82% of which reside in broadband deserts. This work is bridging access gaps and ensuring that underrepresented talent thrives in the rapidly growing and in-demand field of AI.

Persons: Goldman Sachs, GenAI, Robert Solow, SFI Organizations: Istock, McKinsey, Initiative, Black Colleges, Universities, Vista Equity Partners, Morehouse College Locations: U.S, Black

☆ North Korean soldiers learning Russian commands and may be sent to Ukraine front lines, South Korean lawmakers say
▼ + stars: | 2024-10-29 | by ( Jessie Yeung | Gawon Bae | ) edition.cnn.com time to read: +4 min

Seoul, South Korea CNN —North Korean soldiers may be being readied for a move to the front lines of Russia’s war against Ukraine after being taught basic Russian commands, South Korean lawmakers told news agency Yonhap on Tuesday, citing the country’s intelligence officials. Russia is teaching North Korean soldiers about 100 basic military words like “fire” and “in position,” the lawmakers told Yonhap. However, they added, it’s clear that North Korean soldiers are struggling to communicate – and it’s not clear whether they’ll be able to bridge the language gap. This could mark the first time North Korea makes a significant intervention in an international conflict. She likely traveled to discuss potentially dispatching more North Korean troops – and what Pyongyang would receive in return, the lawmakers told Yonhap.

Persons: Yonhap, ”, Lee Seong, they’ll, Kim Jong, Vladimir Putin, Choe Son Hui, Antony Blinken, Lloyd Austin Organizations: South Korea CNN — North, Ukraine, Pentagon, White House, Korea’s National Intelligence Service, Korean, Sun, North, CNN, North Korean Foreign Locations: Seoul, South Korea, Russia, Korea, North Korea, Ukraine, Russian, Pyongyang, Washington

☆ This is the No. 1 kind of person we need in our lives to 'feel our best'—and it's not promoters who 'sing our praises'
▼ + stars: | 2024-10-28 | by ( Ximena Vengoechea | In Ximenavengoechea | ) www.cnbc.com time to read: +6 min

To truly live a purposeful and meaningful life, we might need to make some adjustments to our network of friends and colleagues. I'm also not talking strictly about promoters who will sing our praises when we've reached a high point; they're wonderful, but we need other help along the way. We need the cheerleaders, advisors, and collaborators who are right there with us in the trenches of making or trying something new. 'They can be equal parts role model, mentor, therapist, coach, and co-conspirator'Gems are those people in our lives who help us feel our best. And they don't necessarily need business degrees or a high net worth to be valuable partners in life.

Persons: I'm, we've, we're, —, Mark, what's, Ximena Organizations: Inc, Washington Post, Newsweek, Forbes, Fast Company Locations: Ximena

☆ Analysis: How a night of fighting words upended the election
▼ + stars: | 2024-10-28 | by ( Tom Foreman | ) edition.cnn.com time to read: +22 min

“We’ve got to take a look at what I was left when I became president.” Biden rises to the challenge. Former President Donald Trump, left, and President Joe Biden take part in the CNN presidential debate on June 27. “I would say that there was a time period in which it felt like Donald Trump couldn’t lose,” she says. “Donald Trump knows how to turn every moment into victimhood,” pollster Frank Luntz notes on CNN. A crowd waits in the sun for Donald Trump to speak at an event in Butler, Pennsylvania, on July 13.

Persons: Joe Biden, Donald Trump, “, Biden, Trump, Jake Tapper, Dana Bash, “ We’ve, ” Biden, Will Lanzoni, CNN’s Kristen Holmes, ”, He’s, Hunter, They’ve, ” Trump, smirking, Austin Steele, ” Holmes, ” CNN’s John King, Phil Mattingly, Michigan’s Gretchen Whitmer, J.B, Pritzker, Kentucky’s Andy Beshear –, ” Mattingly, gleeful, Ronald Reagan’s, David Chalian, Grover Cleveland, Republican hagiographers, Holmes, Donald Trump couldn’t, slanders, anyone’s, shrugged, “ He’s, nodded, didn’t, pollsters, Team Trump, “ Donald Trump, ” pollster Frank Luntz, ” Donald Trump, Tom Brenner, “ They’re, They’re, Pollsters, Lounging, Hillary Clinton, ” King, ‘, ’, Gene J, Let’s, “ I’m, Mike DiFrischia, CNN’s Erin Burnett, “ Joe Biden – You’re, Donna Hutz, Anna Moneymaker, MAGA, Corey Comperatore, Helen, David Dutch, James Copenhaver, Thomas Matthew Crooks, Crooks, John Miller, Franklin Graham, “ Trump, Kimberly Cheatle, Zach Cohen, Evan Vucci, chokeholds Organizations: CNN, ”, Trump, Biden, Democratic, gleeful Trump, Georgia Tech, GOP, Republican, White House, Republican Party, Capitol, Surveys, Team, New York Times, Team Trump, Pew Research, Electoral College, Republican National Convention, Secret, Marine, Bethel Park Skilled Nursing, Rehabilitation Center, Washington Post, Secret Service Locations: United States, Georgia, Trump, —, California, Michigan’s Gretchen Whitmer , Illinois, New York, Chesapeake , Virginia, Ukraine, Gaza, Mexico, Atlanta, Florida, Nevada , Arizona, Georgia , Wisconsin , Michigan, Pennsylvania, Butler , Pennsylvania, Ohio, USA, American, America

☆ Trump unveils the most extreme closing argument in modern presidential history
▼ + stars: | 2024-10-28 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

It was exactly the kind of rhetoric that the Harris campaign believes could prompt moderate voters and disaffected Republicans to choose the vice president. Harris was in red-state Texas on Friday to highlight hardline GOP abortion policies she warns could spread countrywide if Trump wins. The CNN Poll of Polls shows no clear leader nationally with Harris at 48% and Trump at 47%. Harris’ rally will provide an emphatic exclamation point for an increasingly important theme of her campaign — that Trump represents an existential threat to American democracy. Both Trump and Harris are targeting strategic sectors of their core electorates in the final days.

Persons: Donald Trump, ”, John Kelly, Trump, Kamala Harris, ” Trump, “ Trump, Hitler, David Rem, Harris, Hillary Clinton, “ illegals, Tony Hinchcliffe, Danielle Alvarez, don’t, “, Tim Walz, she’s, Joe Biden’s, Harris ’, Harris didn’t, Kelly, Ohio Sen, JD Vance, Vance, CNN’s Jake Tapper, Nancy Pelosi, Adam Schiff, Jake Tapper, CNN “, lunatics, …, ” Vance, “ We’re, ” Harris, Michelle Obama —, ” Obama Organizations: CNN, Madison, Democratic, New, Trump, Republicans, Republican, Nazi, Sun, Capitol, The New York Times, Sunday, GOP, National Guard, California Rep, Black, House, Supreme Locations: United States, New York City, Puerto Rico, Trump’s, Manhattan, Minnesota, New York, Texas, Washington ,, Pennsylvania, Michigan, Wisconsin, North Carolina , Georgia, Arizona, Nevada, Washington, “ State, West Philadelphia, Philly

☆ What These Founders Learned From Trying to Take on Elon Musk's Twitter
▼ + stars: | 2024-10-28 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +9 min

About three weeks after Elon Musk bought Twitter in October 2022, #RIPTwitter started trending. As the bird app's outlook grew more bleak, several alternative conversation platforms hatched: Narwhal, Spoutible, Spill, Post, and Cohost among them. I talked to several founders about what they learned trying to compete with Musk, and the state of civil discussion online. "There's a ton of power in whoever controls" a big social media platform, Thompson says. Spill, a Black-owned social platform, has been downloaded more than half a million times.

Persons: Elon Musk, RIPTwitter, shitposting, Gabor Cselle, Cselle, Meta, Jack Dorsey, Twitter, Musk, Twitters, he's, imminently, Fortune, Noam Bardin, Andreessen Horowitz, Bardin, Laurene Powell Jobs, Nicholas Thompson, Thompson, Narwhal, Trump, Hitler, Alphonzo Terrell, Kerry Washington, Terrell, there's, Joe Biden, Kamala Harris, Harris, I've, I'm Organizations: Elon, Google, Twitter, Anti Software Software, Politico, Boston Globe, The, Amplica Labs, Democratic, Spill, Phillies

☆ European stocks should narrow U.S. valuation gap in new macro environment, strategist says
▼ + stars: | 2024-10-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEuropean stocks should narrow U.S. valuation gap in new macro environment, strategist saysDavid Groman, global equity strategist at Citi, weighs in on the outlook for European stocks.

Persons: David Groman Organizations: Citi

☆ Decades in a country he can’t call home: South Korean’s US adoption nightmare
▼ + stars: | 2024-10-28 | by ( Hanna Park | ) edition.cnn.com time to read: +8 min

Crapser made history as the first Korean adoptee to sue the South Korean government and his adoption agency for damages in 2019. As he awaits a court decision in Seoul, a bill that could grant him US citizenship remains stalled in Congress. CNN reached out to the adoption agency, Holt Children’s Services, for comment but did not immediately receive a response. In response to recent media reports about adoptions from South Korea in the 1980s, Holt International acknowledged the potential unethical practices in a public statement and noted Holt Children’s Services separated from Holt International in 1977. The Seoul High Court is set to render its decision on January 8 regarding Crapser’s seeking of monetary damages.

Persons: Adam Crapser, – Crapser, ” Crapser, “, —, Crapser, “ I’m, I’ve, Adam Smith of, — “, Don Bacon of Nebraska, Christal, Christina, Anh Nguyen, Gosia, “ It’s, don’t, ”, he’s, “ I’ve, Holt, ” Holt Organizations: CNN, US, South Korean, Democratic Rep, Republican, Congress, Seoul Central, Court, Associated Press, Holt Children’s Services, Holt International, AP Locations: States, Seoul, Michigan, Korean, Adam Smith of Washington, Vancouver, Washington, United States, South Korea, Korea

☆ Britain's Labour government to deliver debut Budget this week, settling weeks of uncertainty
▼ + stars: | 2024-10-28 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

UK Finance Minister Rachel Reeves makes a speech during the Labour Party Conference that is held at the ACC Liverpool Convention Center in Liverpool, UK on September 23, 2024. LONDON — U.K. Finance Minister Rachel Reeves will deliver the government's hotly awaited debut budget on Wednesday, putting to bed weeks of uncertainty over potential tax hikes and spending cuts. Reports suggest that the Treasury could target public sector net financial liabilities (PSNFL) in the U.K.'s measure of debt, rather than public sector net debt. The PSNFL measure takes in a wider account of the government's balance sheet, including financial assets and liabilities, than public sector net debt. In a note Friday, Goldman Sachs estimated that the changes could increase the government's fiscal headroom by around £50 billion ($65 billion).

Persons: Rachel Reeves, — Labour's, —, Keir Starmer, Reeves, Goldman Sachs, Goldman sachs Organizations: Labour Party Conference, ACC Liverpool Convention Center, LONDON, Finance, Sky News, Financial Times, Treasury Locations: Liverpool

☆ Despite a strong economy, some women are finding it harder to make ends meet
▼ + stars: | 2024-10-28 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

There is also a larger share of single women with children. As marriage rates fell, the number of women heading families rose. Across the board, women in the workforce faced steeper job losses and slower job recovery than men, according to research by the U.S. Census Bureau. Yet, even now, the labor force participation rate for women has not fully returned to pre-pandemic levels. "This is another area where we see returning to a pre-pandemic status quo as not good enough," said Julie Vogtman, the National Women's Law Center's director of job quality.

Persons: Marc Morial, Julie Vogtman Organizations: U.S, Center for American, Finance, U.S . Census, National Urban League, CNBC, National Women's Law

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