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☆ The states where rent is going up the fastest — and the slowest
▼ + stars: | 2024-09-16 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

States such as Maine, New Mexico, and Utah have seen the largest percent increases in median gross rent — which includes rent and utility costs — between 2022 and 2023. The median housing cost for renters increased from $1,354 to $1,406 during this period. The census data covers increases between 2022 and 2023, and more recent data shows that cost growth has continued this year. According to national Redfin data, rents increased slightly nationwide in September 2024 compared to the year prior, at 0.9%, and are now $1,645 for all rental sizes. The ACS reveals some racial inequities among cost-burdened households.

Persons: — Organizations: Service, Survey, Business, DC Locations: Maine, New Mexico, Utah, Hawaii, Washington, Florida, Mississippi, Alaska, New York, Raleigh, Fort Worth, Charlotte, Milwaukee, Florida , Nebraska, Vermont, Alaska , Delaware, Georgia, Pennsylvania

☆ Internal Amazon document spells out its new RTO rule forcing employees to work from an office 5 days a week
▼ + stars: | 2024-09-16 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +13 min

Read previewAn internal Amazon document details the company's new policy requiring corporate employees to work out of the office five days a week. AdvertisementThe internal "Frequently Asked Questions" document shared with employees describes how the new RTO policy will work. It has ended a policy that gave employees the option to work up to four weeks per year fully remote. Amazon provides a variety of commuter benefits and services to give employees flexibility for their commute to the office. AdvertisementWe will continue to work with employees with disabilities to identify the workplace accommodations/adjustments they need.

Persons: —, Andy Jassy, We've, Amazonians, you've, that's, I'm Organizations: Service, Monday, Business, Amazon, Puget Sound, Global Real, Design, Employees, IT Services Locations: U.S, Arlington, Europe, Americas

☆ AI will nearly double demand for copper, which is already facing a global shortage
▼ + stars: | 2024-09-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The AI boom will nearly double demand for copper, mining firm BHP told the Financial Times. Copper is a necessary material for electrification, and AI data centers will require power capacity to expand. Chief Financial Officer Vandita Pant told the Financial Times that AI data centers will account for 6% to 7% of copper demand by 2050. These conditions caused copper prices to peak to a record high in May, though China's economic tumble has helped deflate prices to $9,207 a ton. Previously, the bank also considered copper prices to benefit from the expansion of AI data centers.

Persons: —, Vandita Pant Organizations: BHP, Financial Times, Service, Lundin Mining, Bank of America

☆ Here are the stocks that win when the Fed cuts rates with no recession
▼ + stars: | 2024-09-16 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Fed funds futures have fully priced in that the central bank will lower interest rates, according to CME's FedWatch tool . Many now expect the Fed will achieve the coveted "soft landing" outcome, which means inflation is curbed without tipping the economy into a recession. Rate cuts without a recession has historically been a positive mixture for stocks. Given this backdrop, CNBC Pro screened for names that have performed nicely in past periods where the Fed pulled rates lower without the U.S. economy tipping into a recession. To find these companies, CNBC Pro searched the S & P 500 for members with the highest median gain one year after the Fed has cut rates without an official recession.

Persons: Genuity, LSEG, Paul Lejuez, WMT Organizations: Reserve, CNBC Pro, Nike, Dow Jones Industrial, Intel, Boeing, Walmart, Dow, Citi, Wall Locations: U.S, Rochester , New York

☆ Save on taxes and bolster your portfolio before year-end with these moves
▼ + stars: | 2024-09-16 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

It's September – and that means it's prime time to think about maximizing after-tax returns as the year winds down. Of course, there may be a price to pay for that performance: Uncle Sam will want his share of taxes. Here are a few steps that could help you hold onto more of your portfolio's returns this year. Munis spin out income that's free of federal taxes, and they may be exempt from state levies if the investor resides in the issuing state. By directly giving low basis highly appreciated stock (instead of selling the position and donating cash proceeds), you avoid incurring the capital gains tax.

Persons: it's, Sam, Nathan Hoyt, Joel Dickson, Vanguard's, Dickson, James Shagawat, Roth, Shagawat, Malcolm Ethridge, –, Ethridge Organizations: Nvidia, Regent Peak Wealth, Investors, Roth IRA, Treasurys, Wealth Locations: Atlanta, AdvicePeriod, Paramus , New Jersey, New York , New Jersey, California, Rockville , Maryland

☆ New apparent Trump assassination bid is another dark moment with unpredictable political consequences
▼ + stars: | 2024-09-16 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

CNN —There’s no political playbook for how to deal with another apparent assassination attempt against a major-party presidential candidate within weeks of an election. The second apparent assassination attempt comes against the backdrop of a turbulent campaign that has defied convention and predictions. Another apparent attempt on his life is likely to have some level of personal impact on the former president. In normal circumstances, an apparent assassination attempt against a presidential candidate might be expected to unleash a surge of sympathy that could translate into a political boost. But it’s too early to say whether the second apparent assassination attempt will have greater political impact than the first.

Persons: CNN —, Donald Trump, —, Kamala Harris, Tim Walz, Joe Biden, Harris, Trump, “, ” —, ” Trump, Elise Stefanik, ”, Mike Johnson, Biden, Stefanik, didn’t, They’d, Ohio Sen, JD Vance, Vance, Dana Bash, Mike DeWine, it’s Organizations: CNN, Minnesota Gov, Trump, Trump —, New York, Republican National Convention, GOP, Secret Service, Trump International Golf Club, Justice Department, Republican, White, Republicans, Biden, stoke, CNN’s, ABC Locations: America, Florida, Butler , Pennsylvania, Lago, Milwaukee, West Palm Beach , Florida, Pennsylvania, Butler, Springfield , Ohio, CNN’s “ State, United States, The Ohio, Venezuela

☆ Stocks could hit a record this week, but the move may be short lived
▼ + stars: | 2024-09-16 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 is on the verge of something unexpected — especially for September. The broad market index entered the week less than 1% below a record last reached in July. Krinky isn't the only one on the Street treading carefully with the S & P 500 near record highs. "With the S & P 500 close to our YE 2024 price target again, we remain neutral on the S & P 500 for now," wrote Lori Calvasina, head of global equity research at RBC Capital Markets. "However, after a sharp move lower in 10-year yields, the earnings yield gap for the S & P 500 is starting to head in a more favorable direction for stocks," Calvasina added.

Persons: Jonathan Krinsky, BTIG, Krinsky, Lori Calvasina, Calvasina, Mark Mahaney Organizations: Traders, Federal, Market Committee, RBC Capital Markets, ISI, of Justice

☆ Top NFL Week 2 storylines: Bengals-Chiefs next chapter; C.J. Stroud, Caleb Williams on SNF
▼ + stars: | 2024-09-15 | by ( Mike Jones | ) www.nytimes.com time to read: +11 min

The 16 teams that lost last week look to bounce back with performances that reflect improvement and promise. Rodgers completed 13 of 21 passes for 167 yards, a touchdown and an interception, and the Jets managed just 68 rushing yards. Stroud, the best quarterback from last year’s draft class, and Chicago’s Caleb Williams, the first pick of this year’s draft. Stroud continued to impress in Week 1, throwing for 234 yards, two touchdowns and no interceptions. After the game, Williams vowed, “I will be better.” Excelling against a talented Texans defense, however, could prove challenging.

Persons: what’s, Tua Tagovailoa, Aaron Rodgers, Rodgers, Will Levis, Malik Willis, Jordan Love, Green, Matt LaFleur, Willis, LaFleur, Love, Patrick Mahomes, Denny Medley, NFL schedulers, Joe Burrow, Mahomes, Burrow, Burrow's, Ja’Marr Chase, Tee Higgins, Higgins, Macdonald, Jerod Mayo, Bill Belichick, Mike Macdonald, Geno Smith, Jacoby Brissett, Smith, Baker Mayfield, Nathan Ray Seebeck, He’ll, Aidan Hutchinson, Jared Goff, Goff, Mayfield, Mike Evans, Derrick Barnes, Williams, Houston’s, Chicago’s Caleb Williams, Stroud, CJ Stroud, He’s, Jonathan Owens, Tyrique Stevenson, Williams didn’t, “, Kevin C, Cox Organizations: NFL, Buffalo, Bills, Dolphins, Falcons – Eagles, Cowboys, Bears, Texans, Jets, Tennessee Titans, Tennessee, Chicago Bears, Ravens, Packers, Bengals, Jaguars, Browns, Rams, Titans, 49ers, Eagles, Detroit Lions, NFC, Liberty University, Green, Indianapolis Colts, Lambeau, Colts, Chiefs, Sunday, AFC, Baltimore, Mayo, Patriots, Mayo’s Patriots, Macdonald’s Seahawks, Broncos, The Patriots, Seahawks, Bucs, Lions NFC, Lions, Buccaneers, Washington, Tampa, Stroud, AFC South, Indianapolis, Chicago Locations: Miami, Philadelphia, San Francisco, Brazil, Green, Mahomes, New England, Seattle, Baltimore, Mayo, Foxboro, USA, Tampa ., Detroit, Houston’s C.J, Stroud

☆ New Zealand’s Bird of the Year: A shy penguin wins after campaign filled with memes and tattoos
▼ + stars: | 2024-09-15 | by ( Associated Press | ) edition.cnn.com time to read: +5 min

Wellington, New Zealand (AP) – It’s noisy, smelly, shy – and New Zealand’s bird of the year. This year’s victor, the hoiho — its name means “noise shouter” in the Māori language — is a shy bird thought to be the world’s rarest penguin. Aspiring bird campaign managers — this year ranging from power companies to high school students — submit applications to Forest & Bird for the posts. While anyone in the world can vote, Forest & Bird now requires electors to verify their ballots after foreign interference plagued the contest before. The following year, Forest & Bird was forced to clarify that a flurry of votes from Russia appeared to be from legitimate bird-lovers.

Persons: John Oliver, ”, Emma Rawson, Nicola Toki, Bird, —, Charlie Buchan, Jane Goodall, Phil Keoghan, “, Emily Bull, Bull despaired, Hayden Parsons, –, Rawson, “ There’s, ” Bull Organizations: New Zealand, Forest, New, rugby, Victoria University of Wellington, Bird Locations: Wellington, New Zealand, New, South, Chatham, —, Aotearoa, Dunedin, Russia

The menu description for the $52 Caviar Martini included Grey Goose, toasted rye, white peppercorn, dolin blanc, bitters, and 14 grams of caviar. Monkey Bar, New York City: $34The Monkey Bar Martini at Monkey Bar in New York City. The restaurant offers various options — including a $74 Añejo Negroni — but we tried the $34 Monkey Bar Martini. Ordering the Ocean Martini is an experience that invites guests to expand their pallets. Given the pour size and the snack, we'd say the price for the Ocean Martini is worth it.

Persons: —, Trevin Hutchins, Dante, Kelsey Vlamis, Martini, Grey, Lloyd Lee, Nicoulai, Aphotic, Hutchins, Lauren Edmonds, Marlon Brando, couldn't, Bar, Frasco, Gibson, Bobby Murphy, Murphy, kombu, Scrooge, he's, I'm Organizations: Service, Business, Beverly Hills, Michelin, Monkey, Museum of Metropolitan Art, ILIS, Wine, Grub, ILIS's Locations: Francisco's, Los Angeles, San Francisco, New York, Dante, Beverly Hills, West, New York City, Beverly, Los, Boston, Aphotic, , New York City, Manhattan, Elysée, Kyoto, Japan, ILIS

As the Fed lowers its benchmark rate, mortgage rates are likely to go down. Mortgage rates often trend up or down ahead of expected Fed moves, but once a hike or cut is priced in, they tend to hold steady unless the Fed surprises everyone. Haymore also notes that mortgage rates could fluctuate depending on other information that comes out of this upcoming meeting. As it does, mortgage rates should trend down, too (as will the rates banks pay on high-yield savings accounts). If you got your mortgage more recently, you could save on your mortgage payment by refinancing.

Persons: —, Freddie Mac, Scott Haymore, Haymore, you've, Matt Baker, Baker Organizations: Service, Business, Fed, TD Bank, Mortgage Bankers Association, Navy Federal Credit Union

☆ First coed submarine joins Navy fleet
▼ + stars: | 2024-09-14 | by ( Rebecca Cohen | Rebecca Cohen Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +3 min

The U.S. Navy's first coed submarine has been commissioned and is ready for service in the fleet, the Navy announced on Saturday. "The Navy’s latest Virginia-class submarine joins the fleet." Currently there are in excess of 60,000 enlisted women serving in the U.S. Navy, according to Women in the Navy.com. The submarine was commissioned during a Saturday morning ceremony at Naval Weapons Station Earle in Middletown Township, New Jersey, according to the Department of Defense. "The future of Naval warfare starts here, and it's more inclusive, stronger and more capable than ever," the Navy video said.

Organizations: U.S, Navy's, Navy, USS, Stripes, U.S . Navy, Naval Weapons Station, Department of Defense, Naval, DoD Locations: USS New Jersey, Virginia, New Jersey, Middletown Township , New Jersey, Korea, Vietnam

All legislation must also be passed by the Senate before it can be sent to President Joe Biden to be signed into law. It is unclear how many of the measures will make it that far given the limited number of days the Senate is in session for the rest of the year. But their success in the House could pave the way for even stronger regulatory moves in the next Congress, Singleton said. The Chinese companies, whose work includes cancer research and manufacturing for American drugmakers, say data privacy is not at risk and that the measure will limit competition. “We are disappointed that the U.S. legislative process is being used to pick winners and losers,” Shenzhen-based BGI Group said in a statement.

Persons: Joe Biden, Singleton, “ Organizations: Senate, Biotech, ”, WuXi AppTec, Hong Kong Lawmakers, Authorities, Hong, Foreign Ministry, U.S Locations: Beijing, ” Shenzhen, WuXi, Washington , New York, San Francisco, China, British, Hong Kong

Abortion rights opponents had argued in a pair of lawsuits that the amendment to expand abortion rights violated a state rule that says a ballot proposal must only address one subject. Matt Heffron, a senior counsel for a firm that argued against allowing the abortion rights initiative to stay on the ballot, slammed the high court's ruling. Colorado, New York and Maryland are the liberal-leaning states with abortion ballot measures. Arizona and Nevada — two key battleground states in the presidential election — also have abortion ballot initiatives. That same year, Kansas voters cast ballots against a proposed amendment which would have removed language guaranteeing abortion rights in the state.

Persons: ”, Matt Heffron, Heffron, Allie Berry, Berry, — Organizations: Nebraska Supreme, Thomas More Society, American Civil Liberties Union Locations: Nebraska, state’s, Chicago, Nebraska’s, ” Nebraska, Montana , South Dakota , Missouri, Florida . Colorado , New York, Maryland, Arizona, Nevada, Ohio , Kansas, Kentucky, Ohio, state's, Kansas

☆ Trump's debate fumble let Harris redefine the race
▼ + stars: | 2024-09-14 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

Trump even muddled the most basic attack on connecting Harris to Biden, claiming at one point that Biden "hates" his own vice president. Trump, an acolyte of Roy Cohn, forgot the controversial lawyer's most famous adage to "Attack, Attack, Attack" when he needed it the most. And as he did, all night, Trump took the bait, spending the first part of his rebuttal defending the money his father gave him. Harris continues to have a slight lead in the major national polling averages, but the race remains even closer in key swing states. After reversing himself many times, Trump declared before the weekend that he would not debate Harris again.

Persons: —, Donald Trump, Kamala Harris, Trump, Harris, Joe Biden's, isn't, Sen, JD Vance, Vance, Abraham, Lindsey Graham, Biden, Mike Pence, Bush, Karl Rove, Roy Cohn, Hunter, Joe Biden, you've, Tim Walz, Walz, Doug Emhoff, Gwen Walz Organizations: Service, Business, Trump, Republican, New York Times, Publicly, Abraham Accords, Politico, The New York Times, Ivy League, Wharton School of Finance, White House, Democratic, Biden Locations: United States, Harris, Ukraine, Ohio, Siena, North Carolina, Michigan, Wisconsin, Minnesota, Nevada , Arizona, Florida, Georgia , New Hampshire, Maine, Arizona

☆ Here's why Americans are going back to Chili's
▼ + stars: | 2024-09-14 | by ( Ryan Baker | ) www.cnbc.com time to read: +1 min

"Our marketing team has done a great job of getting back into what we call the zeitgeist or being relevant again," Kevin Hochman, CEO of Chili's parent Brinker International , told CNBC. A viral social media presence and a push toward value-oriented advertising have propelled sales growth every quarter of fiscal 2024. The brand grew rapidly in the early 2000s, but in the decade that followed the Great Recession, Chili's U.S. locations declined and sales growth flattened. It made Chili's fun again," said Joe Wilson, managing partner of a Chili's in East Rutherford, New Jersey. Watch the video to learn more about how Chili's made a comeback.

Persons: Kevin Hochman, David Palmer, Brinker, We've, Joe Wilson, Chili's Organizations: Brinker International, CNBC, Evercore ISI Locations: U.S, East Rutherford , New Jersey

☆ Cave fossils shed light on the disappearance of Neanderthals
▼ + stars: | 2024-09-14 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

But other chapters, like those describing the loss of our ancient ancestors, are harder to recover as time passes. A chance finding of bones in a cave is revealing clues of a much older tragic mystery. The once-in-a-lifetime find, nicknamed Thorin after a character in “The Hobbit,” has puzzled researchers for nearly a decade. The overall winner of the competition was photographer Ryan Imperio for his photo taken during the October 2023 annular solar eclipse. The phenomenon is visible for brief moments during an eclipse when sunlight shines through the moon’s valleys and craters, creating glowing drops of light.

Persons: Duke, Wellington, Gebhard Leberecht von Blücher, Napoleon Bonaparte, Thorin, Ludovic, ”, Yuha Hasegawa, Ryan Imperio, Imperio, Zhu Yubo, Rapa Nui, Christopher Columbus, Butch Wilmore, Suni Williams, Ashley Strickland, Katie Hunt Organizations: CNN, Japan’s Nagasaki University, “, International, Astronomy, Polaris, —, NASA, CNN Space, Science Locations: Brussels, Grotte Mandrin, Rhône, New Zealand, El, Rapa, USA, Americas

☆ Driver charged in deaths of NHL’s Johnny Gaudreau and his brother had blood-alcohol level above the legal limit
▼ + stars: | 2024-09-13 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

PHILADELPHIA — The driver charged with killing NHL hockey player Johnny Gaudreau and his brother Matthew as they bicycled on a rural road had a blood-alcohol level of .087, above the .08 legal limit in New Jersey, a prosecutor said Friday. “He’s a good person, and he made a horrible decision that night.”Brothers Johnny Gaudreau and Matthew Gaudreau on Feb. 10, 2014, in Boston. He had been driving aggressively behind a sedan going just above the 50 mph speed limit, sometimes tailgating, the driver told police. Johnny Gaudreau, known as “Johnny Hockey,” played 10 full seasons in the league and was set to enter his third with the Columbus Blue Jackets after signing a seven-year, $68 million deal in 2022. And they noted that he tested just over the legal limit, adding that a recent knee surgery likely impacted the field test.

Persons: Johnny Gaudreau, Matthew, Gaudreau, Sean M, Higgins, ’ ”, Jonathan Flynn, ”, Matthew Portella, “, Matthew Gaudreau, Richard T Gagnon, Flynn, Michael J, Silvanio, Higgins ’, Johnny Hockey, Widows Meredith, Madeline Gaudreau, Matty, John, Higgins’s Organizations: PHILADELPHIA, NHL, Columbus Blue Jackets, Calgary Flames, North, ” Defense Locations: New Jersey, South Jersey, Woodstown , New Jersey, Salem County, Boston, Iraq, North America

“It just exploded into something I didn’t mean to happen,” Erika Lee, a Springfield resident, told NBC News on Friday. She has since deleted the Facebook post. She is also concerned for the safety of the Haitian community, which she said she did not intend to villainize en masse. “I feel for the Haitian community,” she said. Still, she never imagined that her Facebook post would set off a national news cycle.

Persons: ” Erika Lee, Lee, Kimberly Newton, NewsGuard, Newton, Newsguard, ”, hasn’t, Donald Trump, Ohio Sen, JD Vance, “ I’m, I’d, that’s, ” Vanessa Cárdenas, refor, MAGA, ” Lee, Springfield Organizations: NBC, Facebook, Local, Ohio, America's Locations: SPRINGFIELD , Ohio, Ohio, Springfield, Columbus , Ohio, Canton , Ohio, Springfield ,

Justin Timberlake entered a guilty plea Friday in connection to his DWI case. Timberlake arrived in the morning at the Sag Harbor Village Justice Courthouse in Long Island, New York, alongside his attorney Edward Burke Jr.As part of a deal struck with the court, Timberlake pleaded guilty to a noncriminal traffic violation of driving while impaired. “I’d be willing to,” Timberlake responded, agreeing to 25 to 40 hours of community service. Following the hearing, Timberlake spoke outside the courthouse and told reporters, that he tries to hold himself “to a very high standard.”“This was not that. Timberlake's court hearing stems from the Grammy winner's arrest on June 18 on suspicion of intoxicated driving in the affluent Hamptons area of Long Island.

Persons: Justin Timberlake, Timberlake, Edward Burke Jr, Carl Irace, “ I’d, ” Timberlake, “, ”, don’t, Lokman Vural, report.Timberlake Organizations: Justice, American, Getty, BMW Locations: Sag, Long Island , New York, Long, Anadolu, Sag Harbor, Florida

☆ Lil Wayne says Super Bowl snubbed him for halftime show: ‘That broke me … it hurt a lot’
▼ + stars: | 2024-09-13 | by ( ) www.nbcnews.com time to read: +3 min

Nearly a week after Kendrick Lamar was announced as the headliner of the Super Bowl Halftime show, New Orleans native Lil Wayne has admitted that not being chosen for the spot “broke me.”“That hurt, it hurt a lot,” he said in a video statement posted on Friday morning to Instagram. Almost immediately after Lamar, a Los Angeles native, was announced as the headliner for the 2025 Super Bowl Halftime show, uproar began online over him being chosen instead of Wayne. Complicating the situation further, Super Bowl entertainment is overseen by Jay-Z’s Roc Nation company, although the NFL and the city of New Orleans also played a role in the pick. Your words turned to arms and held me up when I tried to fall back.”“(Not being picked) hurt — it hurt a lot,” Wayne continues. “Kendrick Lamar is truly a once-in-a-generation artist and performer,” Jay said of Lamar in the Super Bowl Halftime announcement on Sunday.

Persons: Kendrick Lamar, Lil Wayne, ”, “, I’m, ” Wayne, Lamar, Wayne, Nicki Minaj, Drake —, Wayne —, Drake, Jay, Joe, Fabolous, —, they’ve, Jay’s, Beyoncé, Kamala Harris ’, Beyonce, “ Kendrick Lamar, ” Jay Organizations: Super, Nation, NFL, Lamar, Jay Locations: New Orleans, Los Angeles, Miami, New Jersey

☆ The world’s best pizza for 2024 isn’t in Naples – or even in Italy. Here’s where it is …
▼ + stars: | 2024-09-13 | by ( Forrest Brown | ) edition.cnn.com time to read: +5 min

Una Pizza Napoletana, opened by pizza maestro Anthony Mangieri in March 2022, not only beat out US competitors but also global ones. That includes pizzerias in Naples, Italy, the holy land for pizza aficionados and foodies in general. Why Una Pizza Napoletana? Una Pizza Napoletana is located in the Lower East Side of Manhattan. Una Pizza Napoletana (New York, USA)2.

Persons: Anthony Mangieri, “, ” Mangieri, Don Antonio, Diego Vigtaliano, Mark Weinberg, Una, Anthony, Margherita, Cosacca, Mangieri, ”, Diego Vitagliano, Francesco Martucci, Sartoria Panatieri, Seu Organizations: CNN, CNN Travel, Una, Napoli Locations: Italy, Side, pizzerias, Naples, New, York, United States, New York, South Korea, Bolivia, India, Lower, Manhattan, New Jersey, New Jersey , New York, Connecticut, Amalfi, Una, Houston, USA, Caserta, Tokyo, Japan, Milan, London, England, San Francisco , USA, San Bonifacio, Barcelona, Spain, Rome

In fact, the Biden administration recently imposed its own set of tariffs, while extending ones first levied during the Trump administration. Take the tariffs the Trump Administration imposed on washing machines in 2018. The washing machine tariffs were part of a broad new tariff regime Trump imposed in an effort to protect American workers from anti-competitive Chinese trade practices. It resulted in what is generally viewed as a “trade war” involving retaliatory tariffs imposed on American goods. The White House gave a rationale similar to the Trump administration when it announced its tariffs.

Persons: Kamala Harris, Donald Trump, Trump, ” Trump, ” Harris, Biden, Harris, —, There’s, ”, ” Biden, Douglas Irwin, ” Irwin, ” Sen, Sherrod Brown, Sen, Tom Cotton, Nick Iacovella, “, ” Iacovella, Davis Organizations: GOP, Democratic, Tax, Trump, Coalition for, Prosperous, White, American Enterprise Institute, Federal, “ Ohio steelworkers, “ Workers, Administration, U.S . Steel, Harvard University, University of California Locations: China, Prosperous America, U.S, Mexico, Ohio , New York, Ohio

☆ Here are Friday's biggest analyst calls: Nvidia, Netflix, Tesla, Kroger, Arm, Oracle, Eli Lilly, PNC, GE Vernova & more
▼ + stars: | 2024-09-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: Raymond James initiates Arm as outperform Raymond James said the semis company is well positioned for AI. Citi downgrades Capri Holdings to neutral from buy Citi said the risk/reward is more balanced for the owner of brands like Michael Kors. UBS reiterates Oracle as buy UBS raised its price target on the stock to $200 per share from $175. The feedback on Oracle's top-line growth was overall positive..." UBS reiterates PNC as buy UBS said the bank is a high conviction idea. " Citi resumes Eli Lilly as buy Citi resumed coverage of the stock and says it's well positioned.

Persons: Raymond James, Jefferies, SLG, CFRA, it's, datopotamab, Michael Kors, haven't, Morgan Stanley, EQT, Citi, Eli Lilly, Lilly, Tesla, BEV, Wells Organizations: Arm Holdings, ARM, Citi, Green, Kroger, Macquarie, Rio Tinto, Deutsche Bank, AstraZeneca, Deutsche, Capri Holdings, Barclays, Garmin, GM, BMO, GE, UBS, Oracle, Oracle's, PNC, JPMorgan, Netflix, JPMorgan downgrades Moderna, Nvidia, NVIDIA Locations: GenAI, New York, Rio, RIO, Las Vegas

☆ America’s stores are winning the war on shoplifting
▼ + stars: | 2024-09-13 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

New York CNN —A year ago, America’s stores declared a shoplifting epidemic. Target also closed nine stores, saying “theft and organized retail crime” threatened worker and customer safety and made business unsustainable. Many retailers’ merchandise losses have stabilized or improved, and chains have publicly dialed back their rhetoric. Their shrink rate — lost inventory as a percentage of sales — is their best estimate for items that go missing. The shoplifting rate in the first half of 2024 was also 10% higher than in the first half of 2019.

Persons: Target, “, Michael Fiddelke, Lindsey Nicholson, Gavin Newsom, ”, Michael Baker, DA Davidson, Donald Trump, William Blair, Walgreens ’, James Kehoe, ” Neil Saunders, “ That’s, it’s, Baker, ” Baker, David Johnston, Duane Reade, Angela Weiss, Ernesto Lopez, Edgar Dworsky, “ We’ve, ” Johnston Organizations: New, New York CNN, Target, Getty, “, DA, CNN, Companies, National Retail Federation, Criminal, Retailers Locations: New York, Queens , New York, California, New York City

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