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☆ Why stocks have a lot more room to rally before hitting a peak, according to a technical analyst
▼ + stars: | 2024-09-23 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Stock market highs are expected to continue into 2025, according to Oppenheimer's Ari Wald. AdvertisementWald's 6,000 price target for the S&P 500 is based on the median bull market cycle. "The S&P 500 is up 64% over the 23 months between October 2022 and September 2024. And if the current bull market follows the path of the average bull market, stocks could continue to rise through the end of 2025 with the S&P 500 rising to around the 7,000 level. "We view the cycle high for Industrials as confirmation of an intact bull market," Wall said.

Persons: Oppenheimer's Ari Wald, Wald, —, Oppenheimer, Ari Wald, it's, Wall, " Wald Organizations: Service, New York Stock Exchange, ISI Locations: That's

☆ Top 5 regrets people have on their deathbeds: What they can teach us about living healthy, fulfilled lives, from an internal medicine doctor
▼ + stars: | 2024-09-23 | by ( Alex Koller | ) www.cnbc.com time to read: +1 min

To live a meaningful, fulfilling life, you have to accept that it'll eventually come to an end, says Shoshana Ungerleider. Over the years of caring for ill hospital patients, Ungerleider — a doctor who specializes in internal medicine — has observed regrets among people near the end of their lives, she tells CNBC Make It. Throughout our lives, this present moment is all we have." Here are five regrets she says people often express:I didn't spend enough time with the people I love. Ungerleider's advice for getting ahead of those regrets is simple: Remind yourself that your time is limited and unpredictable, and regularly ask yourself some big, important questions.

Persons: it'll, Shoshana, Ungerleider —, I'd, — Organizations: CNBC, Well

Learn moreI'm on a perpetual hunt for the perfect office-appropriate gym bag. Ever been stuck in an elevator with your company's higher-ups while carrying a banged-up gym bag? UPDATE: It's been over a year-and-a-half since I started using the Dagne Dover Landon Carryall, and I've tested many more gym bags in the meantime. Below you can see the interior of the size small carryall, which has less space, but a similar organizational structure. The bottom line:If you need a gym-to-office bag, the Landon Carryall is the one you should be looking at.

Persons: Dagne Dover's Landon Carryall, It's, —, Talia Ergas, Dover Landon Carryall, I've, Landon Carryall, Dagne, Dagne Dover, Ellen Hoffman, Landon, it's Organizations: Business, Service, packer, Dagne Dover Organization, Allyn Tote

☆ How a U.S. crackdown on cheap Chinese imports could help Amazon but challenge Meta
▼ + stars: | 2024-09-23 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

The White House wants to close a trade loophole exploited by Chinese discount e-retailers — a move that would have a ripple effect on at least two of our portfolio stocks: Amazon and Meta Platforms. The de minimis exemption has allowed Chinese e-commerce giants, particularly low-cost Temu and Shein, to flourish. Temu has risen in popularity in the U.S. for selling items directly from Chinese merchants at massive discounts. Temu is generally seen as a growing competitor to Amazon since its prices are often lower. Meta challenges On the other hand, the trade shift could present a challenge for Meta, which relies on advertising from e-commerce platforms.

Persons: Harris, hocking, Temu, it's, Jeff Marks, Shein, Meta, Jim Cramer's, Jim Cramer, Jim Organizations: Biden, Harris Administration, Amazon, Deutsche Bank, Deutsche Bank analysts, JPMorgan, Services, Meta, Management, CNBC, Getty Locations: U.S, China, Temu

☆ Stock market today: Dow ends at a record high as markets see rising odds of another big rate cut
▼ + stars: | 2024-09-23 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

US stocks rose Monday, with the Dow closing at a record high amid hopes for more rate cuts. Odds of a 50 basis point rate cut at the next FOMC meeting increased to 53%, up from 29% last week. AdvertisementUS stocks gained on Monday with the Dow Jones Industrial and S&P 500 closing at record highs as hopes of more Fed interest rate cuts ramped up. According to the CME FedWatch Tool, markets expect the Fed funds rate to fall to below 3% by the end of 2025, from 4.83% on Monday. That lines up with Kashkari's projection for the long-term Fed funds rate to sit at around 2.9%.

Persons: —, Austan Goolsbee, Neel Kashkari, Goolsbee, Kashkari Organizations: Dow, Service, Dow Jones Industrial, Federal, Chicago Fed, Minneapolis Fed, Fed Locations: Chicago

☆ These before-and-after satellite images capture how Ukraine has been wiping out Russian ammo depots
▼ + stars: | 2024-09-23 | by ( Jake Epstein | ) www.businessinsider.com time to read: +1 min

Ukraine has carried out a string of attacks on Russian ammunition depots over the past week. Newly released satellite images taken before and after the attacks reveal extensive damage at three sites. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNewly published satellite imagery shows extensive damage at three large ammunition depots inside Russia in the aftermath of multiple Ukrainian attacks over the past week.

Persons: — Organizations: Service, Business Locations: Ukraine, Russia

☆ Voiceitt’s AI-powered tech could help people with speech impairments to work remotely
▼ + stars: | 2024-09-23 | by ( Nadia Leigh-Hewitson | ) edition.cnn.com time to read: +5 min

For people with non-standard speech, it can happen in nearly every interaction with this kind of technology — Israeli company Voiceitt aims to change that. By using personalized voice models, its AI-powered speech recognition system helps people with speech impairments, caused by conditions like cerebral palsy, Parkinson’s, Down Syndrome or stroke, communicate more effectively with both people and digital devices. For Voiceitt co-founder Sara Smolley, facilitating speech recognition for non-standard speech patterns is a personal mission. “By the time I was born, she had lost most of her motor capabilities, and her speech was impacted.”Voiceitt was launched as an app in 2021 and operated as a simple vocal translator, converting non-standard speech to audio. Voiceitt has developed integrations with WebEx and ChatGPT, along with a Google Chrome extension, which convert non-standard speech to captions shown on the screen.

Persons: CNN — You’ve, Sara Smolley, “, ”, Voiceitt, Smolley, ” Smolley, Colin Hughes, Hughes, ” Hughes, it’s anonymized Organizations: CNN, Microsoft, University of Illinois ’ Beckman Institute, Advanced Science, Technology, Apple, Union

Meanwhile, Morgan Stanley raised its price target on Constellation Energy to $313m implying more than 20% upside. 7 a.m.: DA Davidson downgrades Microsoft, cites diminishing AI lead DA Davidson believes that Microsoft has lost its edge over competitors in artificial intelligence. The investment firm downgraded shares of the tech giant to neutral from buy, although analyst Gil Luria maintained his $475 price target. This could begin to have a material impact on the company's returns beginning in 2025, the analyst wrote. Wells Fargo analyst Neil Kalton also hiked his price target on the stock to $300, implying nearly 18% upside ahead.

Persons: Raymond James, Morgan Stanley, Bernstein, DA Davidson, Davidson, Gil Luria, Luria, GitHub Copilot, — Lisa Kailai Han, Daniel Roeska, Roeska, Lisa Kailai Han, Ronald Josey, Josey, Meta, Atif Malik, Malik, Raymond James downgrades, Brian Gesuale, Gesuale, David Arcaro, Arcaro, Wells, Neil Kalton, — Fred Imbert Organizations: CNBC, Constellation Energy, Motors, Microsoft, DA, Nvidia, Motors General Motors, General Motors, Hyundai, Citi Locations: Palantir, Friday's, U.S, 25e, GenAI

☆ China's central bank injects cash, lowers 14-day reverse repo rate
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: +1 min

China's central bank supplied 14-day cash to its banking system for the first time in months on Monday and at a lower interest rate, signaling its intent to further ease monetary conditions. China's central bank supplied 14-day cash to its banking system for the first time in months on Monday and at a lower interest rate, signaling its intent to further ease monetary conditions. The PBOC added 160.1 billion yuan via 7-day reverse repos at 1.70%, it said in a statement. It also injected 74.5 billion yuan via 14-day reverse repos at 1.85%, compared with 1.95% during the previous injection. Monday's injection comes ahead of China's National Day holidays starting Oct. 1, and the cut in rates aligns the 14-day repo rate with the shorter 7-day repo rate which was cut in July.

Organizations: People's Bank of China Locations: China

☆ What a Blue Zone heart doctor eats every week for brain health — including 1 supplement
▼ + stars: | 2024-09-23 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +7 min

Not all of them make it to 100, but they do tend to enjoy relatively good health for longer than most people in the US. He has developed a two-part weekly plan for his own brain health based on his own research. AdvertisementThis doesn't mean that the average meat-eater's diet is a boon for brain health. Fatty fish, meat, and eggs are also rich in the nutrient choline. Plus, in addition to being good for bone health, there is some evidence that vitamin D is good for preserving brain function.

Persons: —, there's, Gary Fraser, Fraser, what's, it's, Anthony Fauci, you'd Organizations: Service, Business Locations: Linda , California, North America, Loma, California, Fraser

☆ Not a 'caretaker': Meet Bob Menendez's extremely temporary replacement
▼ + stars: | 2024-09-23 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +10 min

I'm a senator," Helmy told me. "Whether you're here for a day, or three months, four months, or 40 years, you're a United States Senator." "I see myself as sort of continuing my prior roles as a staffer," Helmy told me. Sitting in Menendez's former office, Helmy also lamented the way the long-serving New Jersey senator's career came to an end. "Bob's office was the office you always competed with," Helmy noted, referencing his own time with Booker and former Sen. Frank Lautenberg.

Persons: George Helmy's, Helmy, you've, Sen, Bob Menendez, Phil Murphy, Menendez, I'm, Cory Booker, Bill Clark, who've, Joe Biden's, Patty Murray, Kamala Harris —, he's, Frank Lautenberg —, Helmy —, Chris Christie, Jeff Chiesa, Democratic Sen, Mo Cowan, John Kerry, Cowan —, —, George, — Mo Cowan, Chiesa, Booker, Booker aren't, Michael Bennet, Colorado Sen, John Hickenlooper, Murphy, Andy Kim, Tammy Murphy, Kim, Menendez's, Semafor, Bonnie Cash, Curtis Bashaw, Frank Lautenberg, there's Organizations: Service, Capitol, Garden State, Democratic Gov, Coptic, Getty, Pro Tempore, Society of, Republican, Democratic, State, Society, Colorado, Port Authority of New, GOP, New Jersey senator's Locations: Sen, New Jersey, States, Coptic American, Washington, Pennsylvania, Jersey, Massachusetts, Denver, Port Authority of New York, Garden

☆ Exclusive: American held for 8 years in notorious Iranian prison tells of ordeal
▼ + stars: | 2024-09-23 | by ( Ben Kirby | Claire Calzonetti | ) edition.cnn.com time to read: +14 min

Namazi previously spoke with Amanpour by phone in March 2023 from inside Iran’s notorious Evin Prison, in what was an unprecedented interview. “That is the smell of freedom.” Forty years later, Siamak Namazi emerged into the night air after eight years in prison. The logistics of his prison interview weren’t complicated. And it’s not just an American problem: Evin Prison is “a dystopian United Nations of hostages,” Namazi says, with many countries’ citizens behind bars. Emotion in his voice, Namazi tells Amanpour that, eventually, he’d like to meet the man who freed him.

Persons: Siamak, CNN’s Christiane Amanpour, ”, Namazi, Amanpour, Babak, ” Namazi’s, Siamak Namazi, “, Jonathan Ernst, …, Joe, Biden, ” ‘, ” Namazi, Dave, I’m, “ unutterable, Namazi’s, Saddam, Hussein, ’, Zahra Kazemi, I’d, Jared Genser, Genser, he’d, could’ve, Christiane Amanpour, Neil Hallsworth, crackly, Emad, Morad Tahbaz, Donald Trump, –, Antony Blinken, Janet Yellen, wasn’t, Biden’s Organizations: CNN, Obama, Trump, Getty, State Department, New York Times, Evin, Republicans, United Nations, United, Iranian Revolutionary Guard Corps Locations: American, Iran, United States, AFP, ”, Evin, America, Vienna, Austria, United States of America, Republic, White Plains , New York, Islamic Republic, Iranian, New York, United Nations

☆ Europe could be drifting into a downturn as France and Germany fight economic and political woes
▼ + stars: | 2024-09-23 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +3 min

Europe could be drifting in to a downturn as its biggest economies, Germany and France, fight political and economic woes at home. In Germany, composite purchasing manager's index (PMI data) measuring business activity in both sectors, came in at XXXX, down from XXX in August. In France, meanwhile, the composite PMI fell in September to an eight-month low of 47.4 from 53.1 in August. In the euro zone as a whole, the PMI data showed a decline from XXX last month to XXX, in September. Once Europe's poster-child for growth, Germany is now likened to the "sick man" of Europe by economists.

Persons: Pariser, —, Chancellor Olaf Scholz's, J.P, Greg Fuzesi Organizations: Pariser Platz, PMI, Social Democratic Party, SPD Locations: Berlin, Germany, Europe, France, Brandenberg, Thuringia, Saxony, Morgan

☆ Muni bonds could see a 'fast-paced rally' after having best summer in decades
▼ + stars: | 2024-09-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

It may be time to take another look at municipal bonds. These days, munis are cheap relative to corporate bonds, Bank of America said in a note Friday. "Muni weakness is not the driver here, but rather corporate richness," municipal research strategist Yingchen Li wrote. "We continue to advise investors to take positions while the muni market rally remains slow and ratios are somewhat cheap," he said. Municipal bonds have already had an "impressive" run in recent months, Haskell wrote in a note last week.

Persons: Yingchen Li, Li, Patrick Haskell, Haskell Organizations: Bank of America, BlackRock

☆ 7 signs you were raised by an eggshell parent — and how that can impact your adult relationships
▼ + stars: | 2024-09-23 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +6 min

But if you were generally tense, anxious, or fearful around your parent or caretaker, there's a chance you were raised by an eggshell parent. An eggshell parent is "often highly unpredictable, and unsafe in some way," she added. Sage shared a few signs you grew up with at least one eggshell parent, and what the long-term impacts of such a relationship can be. She added that eggshell parents often lack self-awareness of how their intense mood swings impact other people, especially their kids. Without that acknowledgment, children of eggshell parents might continue to believe that they "caused" their parents' outbursts, and that they're responsible for managing other people's emotions.

Persons: —, there's, Kim Sage, Sage, you've, you'll Organizations: Service, Business Locations: California

☆ My mother-in-law and I only started getting along after my husband died. I knew I had to take care of her.
▼ + stars: | 2024-09-23 | by ( Alison Pena | ) www.businessinsider.com time to read: +4 min

Read previewI promised my husband David that after he lost his battle with cancer, I would care for his mom. My mother-in-law and I had a complicated relationship, fighting for David's time and attention for 25 years. AdvertisementOur relationship is a giftWhen Joy gets frustrated or angry, I am the one who won't leave her. In the middle of the pandemic, Joy called me three times to say she was lost in Times Square. Practical chores include grocery shopping, laundry, cleaning up, helping Joy change, taking her to appointments, and paying bills all fall on me.

Persons: —, David, Joy, dentures, Omar Organizations: Service, Business Locations: New York City

☆ Morgan Stanley says Constellation could top $300 on nuclear restart, these stocks could also rise
▼ + stars: | 2024-09-23 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Constellation Energy stock is still rising after the power company's landmark announcement last week that it plans to restart the Three Mile Island nuclear plant in Pennsylvania. The operational risk to bring the plant back online in 2028 appears manageable, Morgan Stanley told clients in a note on Monday. Renewable energy and natural gas stocks could also indirectly benefit from nuclear deals, according to Morgan Stanley analyst Stephen Byrd. Renewable stocks such as AES Corp. , NextEra Energy and First Solar could get a tailwind for the same reason, according to Morgan Stanley. CEO John Ketchum said the company is looking at restarting the Duane Arnold nuclear plant in Iowa.

Persons: Morgan Stanley, David Arcaro, Arcaro, Stephen Byrd, Byrd, NextEra, John Ketchum, Duane Arnold, Wells, Neil Kalton, — CNBC's Michael Bloom Organizations: Constellation Energy, Constellation, Microsoft, Vistra Corp, Vistra, Public Service Enterprise Group, Tech, . Companies, GE Vernova, Siemens Energy, Mitsubishi Power, NRG Energy, AES Corp, NextEra Energy Locations: Pennsylvania, Iowa, Wells Fargo

See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-Year Mortgage Rates TodayAverage 30-year mortgage rates are hovering near 5.70%, according to Zillow data. 15-Year Mortgage Rates TodayAverage 15-year mortgage rates are near 5%, according to Zillow data. Last month, 30-year refinance rates averaged 6.59%, while 15-year refinance rates were around 5.90%. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data.

Persons: you'll, Freddie Mac, it's, they've, They'll, refinance Organizations: Zillow, Fed Locations: Chevron

Former President Donald Trump said he doesn’t believe he would run for office again in four years if he loses the November election. “I think that hopefully we’re going to be successful,” Trump added in the interview, which aired Sunday. The Trump campaign did not immediately respond to a request for comment. And she will be, she will be terrific.”Trump noted that Musk endorsed him “very powerfully” and agreed that the tech billionaire could help with “government waste” when Attkisson suggested the possibility. But he’s indicating he might be willing to,” Trump said.

Persons: Donald Trump, doesn’t, “, ” Trump, Sharyl Attkisson, Trump, Tulsi Gabbard, Elon Musk, Robert F, Kennedy Jr, Kennedy, “ It’s, Gabbard, I’ve, ”, Musk, Attkisson, He’s, Shawn Ryan Organizations: Human Services, Democratic Locations: Hawaii

☆ Attack on foreign diplomats' convoy kills police officer in Pakistan
▼ + stars: | 2024-09-22 | by ( Mushtaq Yusufzai | Mushtaq Yusufzai Is A Journalist Based In Peshawar | ) www.nbcnews.com time to read: +2 min

PESHAWAR, Pakistan — A roadside bomb hit a convoy of foreign diplomats visiting northwest Pakistan on Sunday, killing a police officer in their security detail, police said. Ambassadors from Indonesia, Portugal, Kazakhstan, Bosnia and Herzegovina, Zimbabwe, Rwanda, Turkmenistan, Vietnam, Iran, Russia, and Tajikistan were among those in the convoy, police said. Police made security arrangements for the foreign ambassadors and they were immediately rescued and moved towards Pakistan's capital Islamabad, Khan said. Offering sympathies to the families of those who died, Pakistan’s foreign ministry said in a statement that “all members of the diplomatic corps have returned safely to Islamabad.”Pakistan's President Asif Ali Zardari also condemned the attack. Pakistani counter-terrorist forces maintain a strong presence in the Swat valley, which has long been a hotbed of Islamist militant insurgency.

Persons: Zahidullah Khan, Mohammad Ali Gandapur, Khan, Asif Ali Zardari, ”, Malala Yousafzai Organizations: NBC News, Police, Pakistani Locations: PESHAWAR, Pakistan, Swat, Indonesia, Portugal, Kazakhstan, Bosnia, Herzegovina, Zimbabwe, Rwanda, Turkmenistan, Vietnam, Iran, Russia, Tajikistan, Pakistan's, Islamabad, ”

“I know the story of my neighborhood town, and I know the plight that a lot of these people escaped. But I just wanted to set the record straight.”Bartolotta isn’t alone among Republicans fighting these narratives. They’ve pushed for the rhetoric to be toned down as the city deals with a series of bomb threat hoaxes at local schools. Springfield, Ohio, has found itself thrust into the national spotlight over lies about Haitian immigrants. Focus on the major issues that affect everybody.”In Springfield, Rue said he never could have foreseen this attention from the top of his party’s presidential ticket when he won his mayoral election in November.

Persons: Bartolotta, Donald Trump, Trump, Kamala Harris ”, ”, “, ” “, Rob Rue, Melanie Flax Wilt, Sen, JD Vance, Republicans haven’t, Vance, they’ve, They’ve, “ We’ve, ” Rue, Rich, Joseph Facun, ” Trump, Wilt, Rue, he’s, ” Laura Rosenberger, Flax Wilt, you’re, Mike DeWine, DeWine, ‘, ” Bartolotta, ” Sean Logue, Logue, Brian Hughes, Joe Manning, ” Manning, I’m, we’ve, “ I’m Organizations: Republican, Facebook, NBC News, Commission, Republicans, Democratic, Charleroi —, GOP, Springfield, Trump, Washington, Dayton ., NBC News Local, Clark County Republican Party, Ohio Gov, New York Times, Washington County GOP, Pittsburgh Post, Gazette Locations: Pennsylvania, America, Charleroi, ”, Springfield , Ohio, Clark, R, Ohio, Springfield, Arizona , Georgia, Washington County , Pennsylvania, Clark County , Ohio, Pittsburgh . Springfield, Columbus, Dayton, Clark County, Bartolotta, Butler , Pennsylvania, Western Pennsylvania, Mexico, Washington County, “

Stefany Serna, 30s, Miami, Florida Working in Miami's high-end restaurants where she has developed a strong reputation among patrons. Thanks to an informal connection to her landlord, the costs for the home she shares with her partner are below market prices. Serna said Miami Springs, a small upper-middle-class city just north of Miami International Airport, is a place where everyone more or less knows each other. According to Zillow, the average market rent for such a two-bedroom in Miami Springs is $2,800. “But I’m afraid I won’t be able to stay here because I can’t afford it in the long run.”

Persons: Stefany Serna, Serna, ” Serna, she’d, ’ ” Serna, Zillow, “ It’s, ”, “ Organizations: NBC, Dade, Cuban, Miami International Airport, U.S ., Miami, ” Management Locations: Miami, Florida, Coral Gables, Miami Springs, U.S, East Coast, ”

☆ Fact check: Trump tells two false stories about Oprah Winfrey, including one he’s been repeating for 11 years
▼ + stars: | 2024-09-22 | by ( Daniel Dale | ) edition.cnn.com time to read: +3 min

Washington CNN —Former President Donald Trump told two fictional stories about Oprah Winfrey on Saturday – one of them new, another he has been telling for at least 11 years. In a social media post late Saturday night, Trump wrote, “A long time ago, Oprah Winfrey asked me to do her last Network Television Show. He did not appear on the last episode of “The Oprah Winfrey Show” in 2011, nor even in the star-studded final week of the show. At a campaign rally in North Carolina earlier on Saturday, Trump said: “And didn’t Oprah ask her about her time at McDonald’s? Rather, Winfrey passingly mentioned the McDonald’s job during her introduction of Harris – before the vice president walked onstage for their conversation.

Persons: Donald Trump, Oprah Winfrey, Trump’s, Winfrey, Kamala Harris, Trump, “, ”, Harris, Oprah, Winfrey’s, –, Michael Jordan, Will Smith, Aretha Franklin, Stevie Wonder, Tom Cruise, Tom Hanks, Beyoncé, ‘, Oprah didn’t, Kamala, Winfrey passingly, Harris –, ’, ” Harris Organizations: Washington CNN, Republican, Democratic National Convention, Harris, Democratic, CNN Locations: Michigan, McDonald’s, California, North Carolina, –

☆ JD Vance says he's worried about a 'death spiral' in the US bond market. Here's what he's talking about.
▼ + stars: | 2024-09-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

JD Vance warned recently of a "death spiral" in the US bond market. "Do they try to take down the Trump presidency by spiking bond rates?" AdvertisementVice Presidential candidate JD Vance worries about soaring interest rates sparking a "death spiral" in the US bond market that could ultimately "take down the finances of this country." And the only thing that really makes that serviceable is the interest rates are still pretty low. As to where US interest rates seem to be going in the near future, the answer is lower.

Persons: Vance, Trump, JD Vance, —, Tucker Carlson, Liz Truss, Steve Sosnick, Sosnick Organizations: Service, Trump, Federal, Medicare, Social Security, Bank of England, Interactive Brokers, Business Locations: China, Japan

☆ Sri Lanka's Marxist-leaning Dissanayake in early lead to become president
▼ + stars: | 2024-09-22 | by ( ) www.cnbc.com time to read: +3 min

A man waves Sri Lanka's national flag after climbing a tower near presidential secretariat in Colombo on July 11, 2022, after it was overrun by anti-government protestors. (Photo by ARUN SANKAR/AFP via Getty Images)Sri Lanka's Marxist-leaning leader, Anura Kumara Dissanayake, grabbed a commanding early lead on Sunday in his bid to become the next president of the debt-ridden country seeking to elect a leader to bolster its fragile economic recovery. Dissanayake won about 53% of a million votes counted so far in the election, Sri Lanka's Election Commission data showed. "Though I heavily campaigned for President Ranil Wickremasinghe, the people of Sri Lanka have made their decision, and I fully respect their mandate for Anura Kumara Dissanayake." This was Sri Lanka's first election since the economy buckled in 2022 under a severe foreign exchange shortage, leaving the country unable to pay for imports of essentials including fuel, medicine and cooking gas.

Persons: ARUN SANKAR, Anura Kumara Dissanayake, Dissanayake, Sajith Premadasa, Ranil Wickremesinghe, Peremuna, Ali Sabry, Ranil Wickremasinghe, Kumara Dissanayake, Lanka's, Gotabaya Rajapaksa Organizations: Getty Images, Marxist, Sri, National, Power, JVP, International Monetary Fund, IMF Locations: Colombo, Sri Lanka's, Saturday's, Sri Lanka

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