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BEIJING — The United States will judge China “on its actions, not just its words,” U.S. “It’s very important that we have these channels of communication,” Burns said in an exclusive interview in Beijing on Wednesday. “We want to be responsible for our own people, but also for the world as we conduct this relationship,” Burns said. During their summit last year, the two leaders said there should be more people-to-people exchanges between their countries, including in academics, business and tourism. It’s a very challenging relationship,” Burns said.

Persons: China “, China Nicholas Burns, Burns, ” Burns, Joe Biden, Donald Trump, Biden, Xi Jinping, It’s, ” Janis Mackey Frayer, Jennifer Jett Organizations: China, U.S, NBC, Pacific, Ukraine, Chinese Commerce Ministry, United Nations, Biden, Embassy, Foreign Ministry, American Chamber of Commerce Locations: BEIJING, United States, China, U.S, Beijing, People’s Republic of China, Asia, Pacific, South, Taiwan, Washington, South Korea, Japan, Philippines, Russia, Ukraine, Xinjiang, Tibet, Hong Kong, Gaza, Israel, California, Shanghai

☆ House GOP committee that oversees elections hired two former Trump officials involved in 2020 fake elector scheme
▼ + stars: | 2024-10-24 | by ( Annie Grayer | ) edition.cnn.com time to read: +9 min

They previously hired Thomas Lane, another Trump official who served as a backup fake elector in Arizona in 2020, to lead their investigation into elections. Findlay has worked closely with Mitchell, who helped Trump try to overturn the 2020 election. Republicans on the committee previously hired another Trump official who served as a backup fake elector in Arizona in 2020, to lead their investigation into elections. Emails obtained by CNN show that Lane was involved in the planning of who would serve as fake electors in Arizona, collecting contact information and discussing where the fake electors would meet. Lane was slated to be a substitute elector if there were absences on the day the fake electors in Arizona met, documents obtained by CNN show.

Persons: Donald Trump, Bryan Steil of, Joshua Findlay, Thomas Lane, Trump, Mark Meadows, Cleta Mitchell, Georgia’s, Bryan Steil, ”, Findlay, ” Findlay, Mitchell, “, Lane, ” Lane, Kenneth Chesebro, Kelli Ward, Steil, ” Steil, ActBlue, Steil’s, “ It’s, ” CNN’s Marshall Cohen, Zachary Cohen, Paula Reid Organizations: CNN — House Republicans, GOP, Trump, Capitol, Administration, Republicans, CNN, Republican National Committee, Conservative Partnership Institute, Network, “, Republican National Committee’s, Coalition, Department of Justice, Democratic, Democrat Party Locations: Bryan Steil of Wisconsin, Arizona, Georgia, ActBlue, Juneau , Wisconsin

☆ US court blocks handbag maker Tapestry’s $8.5 billion acquisition of rival Capri
▼ + stars: | 2024-10-24 | by ( ) edition.cnn.com time to read: +1 min

A US judge blocked the pending $8.5 billion merger of US handbag and accessories maker Tapestry and Capri on Thursday, a victory for the US Federal Trade Commission in an industry where merger challenges are rare. Tapestry fought those claims, saying the deal was spurred by an intensely competitive US handbag industry and was needed to fight back against European players like Gucci, which are increasingly grabbing market share. The ruling in effect permanently blocks the proposed deal, Tapestry’s lawyers said in court documents. Those brands are: Tapestry’s Coach, Kate Spade and Stuart Weitzman; and Capri’s Versace, Jimmy Choo and Michael Kors. The ruling follows approval of the merger by regulators in Japan and the European Union earlier this year.

Persons: Tapestry, Gucci, Biden, Kate Spade, Stuart Weitzman, Capri’s Versace, Jimmy Choo, Michael Kors, Jennifer Rochon Organizations: US Federal Trade Commission, FTC, Capri, European Union Locations: Capri, New York, Japan

☆ Here are Oppenheimer's best stock ideas heading into November
▼ + stars: | 2024-10-24 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Looking ahead to November, Oppenheimer has updated its top stock ideas list, which features additions such as CarMax , Mastercard and Atlassian . He has an outperform rating on the stock, and his price target implies nearly 26% upside from Wednesday's close. Analyst Ittai Kidron has an outperform rating on the stock, and his $230 target reflects nearly 22% upside, as of Wednesday's close. That implies more than 15% upside from Wednesday's close. Evercore ISI also added Broadcom to its top chip stock picks ahead of its earnings report later in the year.

Persons: Oppenheimer, Michael Wiederhorn, Cigna, Ittai Kidron, Kidron, Atlassian, Morgan Stanley, Rick Schafer, Schafer, Hock Tan Organizations: Dow Jones, Nasdaq, Mastercard, Dick's Sporting Goods, Bloomberg, Humana, Bloomberg News, Broadcom, ISI

☆ Bernstein naming Meta the new 'set-it-and-forget-it' stock comes down 2 things
▼ + stars: | 2024-10-24 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

In the battle of the tech giants, Wall Street firm Bernstein favors Meta Platforms over Alphabet . The analysts raised their Meta price target to $675 per share from $600 and kept their outperform buy rating on the stock. Bernstein acknowledged the valuation of Meta stock versus Alphabet "feels stretched" at the moment. Big picture Bernstein's bullish assessment of Meta's future growth prospects comes as the stock has significantly outperformed both the overall market and Alphabet. META YTD mountain Meta Platforms YTD Before Wednesday's 3% drop in an ugly market, Meta closed Tuesday just 2% off its record close of $595.94 on Oct. 4.

Persons: Bernstein, Meta, Shein, we're, Jim Cramer's, Kamala Harris, Jim, Jim Cramer Organizations: Wall, Google, Meta, Adobe, Facebook, CNBC Locations: Wednesday's, U.S

☆ Down payments are plunging in 10 places, giving homebuyers another affordability win
▼ + stars: | 2024-10-24 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

The trajectory of mortgage rates may help determine what happens to down payments. Borrowing costs, savings rates sway down paymentsAny analysis of down payments that doesn't mention mortgage rates would be incomplete. The 30-year fixed mortgage rate hit a two-decade high of 7.8% last October and has steadily fallen for most of the last 12 months. AdvertisementBut there's a less rosy explanation for lower down payments: buyers can't afford to pay more. The personal savings rate in the US was 4.8% in August, according to Realtor.com, which was up from the inflation-stretched low of 2% in June 2022.

Persons: —, Hannah Jones, Buyers, Jones Organizations: Service, homebuyers, Federal Locations: Texas, Florida, Montana, Washington

☆ Our software stocks jump, and industrial earnings teach an investment lesson
▼ + stars: | 2024-10-24 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Dover CEO Richard Tobin discussed the dynamic on the company's third quarter earnings call earlier Thursday . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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, it's, Tesla, ServiceNow, Salesforce, Oppenheimer, Textron, It's, We're, Richard Tobin, Tobin, Edwards Lifesciences, Dexcom, Newell, Jim Cramer's, Jim Organizations: CNBC, ., Nasdaq, Dow Jones, Palo Alto Networks, Honeywell, Dover, Carrier Global, Aerospace, Union Pacific, United Parcel Service, Barclays, UPS, Federal Reserve, Boston Beer, Abbott Laboratories, Colgate, Palmolive, Centene, Newell Brands, New York Community Bancorp, Commerce Department, University of, Jim Cramer's Charitable Locations: Palo, Dover

☆ Consumers choose their favorite retailers ahead of the holidays: Nike, Kohl's top the list
▼ + stars: | 2024-10-24 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

In this article KSSNKE Follow your favorite stocks CREATE FREE ACCOUNTAn exterior view of the Kohl's store at the Paxton Town Centre near Harrisburg. 1 active footwear retailer among all four generational cohorts polled for the survey: Gen Z, millennials, Gen X and boomers. 1 department store choice among Gen Z and boomers, while millennials chose Nordstrom and Gen X chose Macy's . "We would see in the data what's important to the Nike consumer. The majority of consumers surveyed, or 66% of respondents, said they'll shop at a different retailer if the product they're looking for isn't in stock.

Persons: Paul Weaver, Emily Elconin, AlixPartners, Z, Gen X, Gen Z, Kohl's, millennials, Nordstrom, Elliott Hill, Sonia Lapinsky, it's Organizations: Nike, Bloomberg, Getty, Adidas, CNBC Locations: Paxton, Harrisburg, Kohl's

☆ A loneliness epidemic is spreading worldwide. Seoul is spending $327 million to stop it
▼ + stars: | 2024-10-24 | by ( Jessie Yeung | ) edition.cnn.com time to read: +8 min

CNN —Every year, thousands of South Koreans – mostly middle-aged men – die quietly and alone, cut off from their family and friends. “Loneliness and isolation are not just individual problems, but tasks that society must solve together,” Seoul mayor Oh Se-hoon said in a news release. The phenomenon, known by the Japanese term “hikikomori,” has become increasingly common; South Korea had up to 244,000 such recluses in 2022 by one estimate. A Buddhist nun and staff of Good Nanum hold the name tablets of three deceased people before their cremation on June 16, 2016 in Goyang, South Korea. However, when asked about what makes them feel lonely, “there are some differences compared to other countries,” she said.

Persons: –, hoon, ”, Soo, Myongji University – cautioning, Nanum, Jean Chung, “, they’re, Anthony Wallace, … Organizations: CNN, Koreans, Myongji University, Ministry of Health, Getty, Government, Prevention, Management, Korea isn’t, United, World Health Organization Locations: Seoul, Korea, South Korea, Goyang, “, South Koreans, South, AFP, Japan, United Kingdom

☆ Tesla shares jump on profit beat, Musk's prediction of at least 20% 'vehicle growth' next year
▼ + stars: | 2024-10-23 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +6 min

Net income rose to about $2.17 billion, or 62 cents a share, from $1.85 billion, or 53 cents a share, a year ago. Profit margins were bolstered by $739 million in automotive regulatory credit revenue during the quarter. Automotive revenue increased 2% to $20 billion from $19.63 billion in the same period a year earlier and is about flat since late 2022. Energy generation and storage revenue soared 52% to $2.38 billion, while services and other revenue, which includes revenue from non-warranty repairs of Tesla vehicles, jumped 29% to $2.79 billion. "Despite ongoing macroeconomic conditions, we expect to achieve slight growth in vehicle deliveries in 2024," the company said in its earnings deck Wednesday.

Persons: Elon Musk, Tesla, FactSet, Musk, Kelley, Vaibhav Taneja, Li Auto, Donald Trump, Trump, doesn't Organizations: LSEG, Energy, that's, California Public Utilities, Li, Ford, General Motors, Trump, Nasdaq Locations: Los Angeles , California, U.S, Texas, California, Bay, China, Harrisburg , Pennsylvania

☆ Can Donald Trump or Kamala Harris Bring Back Manufacturing Jobs?
▼ + stars: | 2024-10-23 | by ( German Lopez | ) www.nytimes.com time to read: +6 min

The number of manufacturing jobs has fallen 45 percent since the late 1990s, as factories have shuttered or moved to Mexico, China and elsewhere. Canton represents the kind of struggling manufacturing town that once churned out American products. They argue that the candidates’ proposals aren’t enough to reverse the trends — globalization, free trade agreements, automation and other technological changes — that caused manufacturing jobs to leave America in the first place. That helps explain why, despite Mr. Biden’s subsidies, the number of manufacturing jobs nationwide remains 34 percent lower than it was in the late 1970s. Modern manufacturing jobs also often require a postsecondary education.

Persons: Hoover, Donald J, Trump, Kamala Harris, Trump’s, ”, Alec Stapp, Kimberly Kenney, McKinley, ’ Organizations: Industries, Canton, Canton Board of Trade, Institute for Progress, Federal, Companies, McKinley Presidential Library and Museum, Local Locations: Canton , Ohio, Canton, Mexico, China, United States, American, Phoenix, Silicon Valley, Boston, fracking, City

The “blue wall” states of Wisconsin, Michigan and Pennsylvania have paved the path to the White House for the last two Democratic presidents. Recent discussions have centered on the possibility of an anomaly happening this year with just part of the blue wall breaking its way. “We absolutely are competing to win Michigan,” Harris campaign spokeswoman Lauren Hitt said, noting Harris’ presence there this week. The blue wall states have been pivotal to elect presidents in the last several elections. “Those three, the blue wall states, almost always stay together, but this year it’s an extraordinarily tight race.

Persons: Kamala Harris ’, ”, Donald Trump, Harris, Trump, —, “, ” Harris, Lauren Hitt, Mark Robinson’s, Josh Stein, Joe Biden, Biden, Dan Kanninen, Helene, Barack Obama, Hillary Clinton, Harris ’, Michael Dukakis, Tad Devine, Devine, Elissa Slotkin, Dane County, Tim Walz, Obama, Bill Clinton, Matt Baretto, Republicans —, ” Baretto Organizations: White House, Democratic, Pennsylvania, White, Detroit News, Washington Post, Michigan, Trump, Republican, Republicans, Wisconsin, Biden, Democrats Locations: Wisconsin , Michigan, Pennsylvania, Michigan, Wisconsin, North Carolina, Nevada, Hurricane, Arizona , Nevada, Georgia, Nevada , Arizona, Arizona, Gaza, In Wisconsin, Dane, Milwaukee

☆ The election is still incredibly close with 2 weeks to go, with warning signs for both Trump and Harris in the Sun Belt
▼ + stars: | 2024-10-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +8 min

Harris and Trump are aiming to win in the Sun Belt, but there are challenges for both candidates. AdvertisementWarning signs in the Sun BeltTrump is looking to flip Arizona and Georgia, states that he won in 2016 but lost to now-President Joe Biden in 2020. In the poll, Harris is earning the support from roughly 74% of Black voters, a robust figure. But it's well below the 88% support that Biden received from Black voters in Georgia four years ago. And the poll also showed that nearly 18% of Black voters remained undecided, in a state where Black voters could make up roughly 30% of the electorate or more.

Persons: Harris, Trump, —, Kamala Harris, Donald Trump, Dan Kanninen, Liz Cheney, Melina Mara, Harris isn't, It's, Cheney, Joe Biden, George W, Bush, Brandon Bell, Biden, Nikki Haley, Mitt Romney, Trump's, it's Organizations: Washington, Schar, Service, Republicans, Democratic, Trump, NBC, Getty, Sun, Republican, Nevada, GOP, Biden, South Carolina Gov, Black Locations: Arizona, Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, North Carolina, Pennsylvania, Nevada, Michigan , Pennsylvania, Phoenix, Atlanta

☆ The electorate is changing. Here’s what that means for Trump and Harris
▼ + stars: | 2024-10-22 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +21 min

He also found that women will comprise nearly 52% of all eligible voters, which should help Harris. (North Carolina is the sole swing state where he found that they had increased as a portion of eligible voters since 2020.) The groups that Harris needs to give her winning margins are the non-White and college-educated White voters (especially women in each case). “I think Gen Z women, including White women, are very committed to an inclusive democracy,” she said. But this history clearly shows it is likely that the changes in the composition of the eligible electorate Frey has documented will closely track the shifts in the configuration of the actual electorate.

Persons: CNN —, Donald Trump, Kamala Harris, demographer William Frey, Frey, Whites, Liz Cheney, Trump, Ronald Reagan, Reagan, Harris, Harris ’, Trump’s, don’t, ”, Manuel Pastor, Pastor, “, White, she’s, Joe Biden, Biden, Patrick Ruffini, Republican pollster, “ Trump, ” Ruffini, Gen, millennials, Melissa Deckman, ” Deckman, Michael McDonald, McDonald, Barack Obama, NORC, Catalist Organizations: CNN, GOP, White, Trump, Whites, Keystone State, Harris, Metro, Nevada . College, Equity Research, University of Southern, Republican, “ Party of, Religion Research Institute, College, University of Florida, Center for American Women, Rutgers University, Rutgers Center, Pew Research, Democratic, Pew, Edison Research Locations: Philadelphia, Detroit, Milwaukee, Arizona, Nevada, Michigan, Wisconsin, Pennsylvania, North Carolina, In Michigan, In Pennsylvania, Arizona , Georgia, North Carolina . Arizona, Georgia, Nevada and Arizona, University of Southern California, “, ’, ”, White, Michigan , Pennsylvania, Trump

☆ Gold hovers near record high on safe-haven demand
▼ + stars: | 2024-10-22 | by ( ) www.cnbc.com time to read: +2 min

Gold prices rose on Tuesday and hovered near a record high hit in the previous session amid uncertainties around the U.S. election, ongoing Middle East tensions, and expectations of central banks' interest rate cuts. Gold prices rose on Tuesday and hovered near a record high hit in the previous session amid uncertainties around the U.S. election, ongoing Middle East tensions, and expectations of central banks' interest rate cuts. Spot gold rose 0.4% to $2,729.91 per ounce by 0303 GMT. Gold hit its all-time high of $2,740.37 on Monday and has gained about 32% so far this year. Benchmark 10-year Treasury yields rose to a 12-week high in the last session, while the U.S. dollar clung to a two-and-half-month high on Tuesday.

Persons: Yeap Jun Rong, Donald Trump, Kamala Harris Organizations: U.S, Fed, Citi Research Locations: tailwinds, Israel, Lebanon, Gaza

☆ GM’s profit nears a record a year after saying it couldn’t afford its workers’ pay demands
▼ + stars: | 2024-10-22 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

That means GM is selling cars at higher average prices this year than it was in 2023. During the strike, the UAW’s slogan on the picket lines was that record profits should result in a record contract. Its new guidance suggests that the full-year earnings will now top the record profit of 2022. The strong results and guidance sent shares of GM (GM) up 2% in premarket trading. GM CFO Paul Jacobson on Monday told reporters that GM cut costs ahead of the strike in anticipation of pay raises for its unionized workers.

Persons: Paul Jacobson, “ We’ve, ”, “, ” Jacobson Organizations: New, New York CNN —, Motors, United Auto Workers, Revenue, GM, couldn’t, nonunion, UAW Locations: New York, –, North America, Monday’s, China

☆ 31-year-old Harvard grad quit her VC job to cycle in the Olympics: ‘I only made $7,000’ my first year but it led to gold
▼ + stars: | 2024-10-22 | by ( Morgan Smith | ) www.cnbc.com time to read: +6 min

The 31-year-old ended a 40-year-drought for the U.S. by placing first in the women's road race; she also took home the women's track cycling team pursuit gold. "I needed an outdoors fix," Faulkner told NBC News, recalling how she signed up for an introductory women's cycling clinic in Central Park. In her first year of competitive cycling, Faulkner earned just $7,000. Another reason Faulkner wanted to continue working in venture capital was so she'd have at least 5 years of professional experience before taking a hiatus. She's also committed to advocating for equality in women's cycling, noting that while salaries have improved, there's still a long way to go.

Persons: Kristen Faulkner, —, Faulkner, she's, Faulkner didn't, Alex Broadway, you've, I'd, I'm, She's Organizations: Team United, Olympic Games, Games, Tour de, NBC News, Harvard University, New, American Continental, Threshold Ventures, VC, The United, de, Femmes, Velo, Getty, Angeles Olympics Locations: Trocadero, Paris, France, U.S, New York, Central Park, Homer , Alaska, Girona, Spain, San Francisco, The United States, Le

☆ Scotiabank says its 3 biotech 'top pick' stocks have more than 100% upside potential
▼ + stars: | 2024-10-22 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Scotiabank has highlighted three biotechnology companies as its "top picks," each with the potential to more than double in stock price over the next 12 months. The bank's optimism for these companies and the broader biotechnology sector is partly based on anticipated changes in the macroeconomic environment. The investment bank expects shares to rise to $50 over the next 12 months, or 165% from the current share price. RCKT 1Y line Liquidia Corp Scotiabank is optimistic about the company's Yutrepia treatment for pulmonary arterial hypertension, set to launch in May 2025. Scotiabank expects shares to rise by nearly 170% to $30 a share over the next 12 months.

Persons: Greg Harrison, Harrison, LQDA, OCUL Organizations: Scotiabank, Rocket Pharmaceuticals, Liquidia Corp, Rocket Pharmaceuticals Scotiabank, Liquidia Corp Scotiabank, National Health Service

☆ Target is cutting prices on 2,000 items ahead of the holiday shopping season
▼ + stars: | 2024-10-22 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Target is slashing prices on more than 2,000 items, marking the second time this year that the retailer cut customer costs as it attempts to attract inflation-weary shoppers ahead of the holiday shopping season. Some prices have dropped effective immediately on a number of items, including home goods, beauty products, food, beverages and toys. In a press release, Target said it “routinely adjusts its prices to remain competitive in markets across the country” and the discounting will continue through December. In May, Target announced it was going to slash prices on 5,000 items but ended up surpassing that number, cutting prices on 8,000 products. However, there’s some good news for stores: Spending at US retailers climbed 0.4% in September from the prior month, according to government data released last week.

Persons: “ Organizations: New, New York CNN, Target, Walmart, Ikea, Aldi, Consumer Locations: New York

☆ Here's why Goldman Sachs' gloomy 10-year stock market forecast is no reason panic
▼ + stars: | 2024-10-22 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

The first line of the note reads: "We estimate the S & P 500 will deliver an annualized nominal total return of 3% during the next 10 years." For starters, nobody knows what the coming decade has in store for the S & P 500. Valuation: Yes, the S & P 500 is currently trading at a historically high multiple. Going out on a limb and making market calls or calls about individual stocks is not for the faint of heart. The S & P 500 has more than doubled since then, advancing about 135%, which amounts to that roughly 13% annual return that Kostin mentioned in his note.

Persons: David Kostin, Kostin, Goldman, it's, Jim Cramer, Stanley Black, Decker, That's, Jim, It's, Goldman Sachs, we're, Jim Cramer's, Brendan McDermid Organizations: Goldman, Goldman Sachs Chief U.S, Equity, Treasury, Nvidia, Federal Reserve, U.S, Jim Cramer's Charitable, CNBC, New York Stock Exchange Locations: Goldman Sachs, U.S, Wells

☆ Wall Street keeps raising price targets for sky-high Nvidia stock. Here's why analysts are still so bullish.
▼ + stars: | 2024-10-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Bank of America and Goldman Sachs are among the banks that have raised price targets in recent weeks. AdvertisementNvidia stock is trading at record highs, but that's not deterring top Wall Street analysts from being bullish. Goldman Sachs, $150 price targetGoldman analysts raised their price target to $150 from $135 a share, implying 6% upside from the stock's current levels. AdvertisementStrategists said they changed their price target after a meeting with Huang. Bernstein, $155 price targetBernstein raised its price target to $155 a share shortly after the chipmaker reported its second-quarter earnings in August.

Persons: Blackwell, Goldman Sachs, —, Jensen Huang, Goldman, Huang, CFRA, Angelo Zino, NVDA, Zino, Bernstein, Rasgon Organizations: Nvidia, Bank of America, Service, Wall, Bank, Blackwell, Accenture, Microsoft, ServiceNow, Foundry, CNBC Locations: bullish, CY23, Blackwell

☆ Harris entered October with big cash edge over Trump
▼ + stars: | 2024-10-21 | by ( David Wright | Fredreka Schouten | ) edition.cnn.com time to read: +4 min

The Harris campaign has touted its small-dollar donations, saying that nearly two-thirds of the money raised in September came from grassroots donors. The Harris campaign outspent Trump on advertising in September, about $196 million to $73 million. Mellon’s September contribution accounted for more than 60% of the money the super PAC took in last month. Wealthy Democrats also rally to HarrisThe new filings Sunday night also showed some of the Democratic Party’s wealthiest supporters and other notable names rallying to support Harris’ campaign. In August, FEC records show Larsen making a $1 million contribution to the super PAC in XRP, his company’s digital currency.

Persons: Kamala Harris, Donald Trump’s, Harris, outraised, Harris ’, Tim Walz, –, Joe Biden, outspent, Timothy Mellon, Mellon, Robert F, Kennedy Jr, ’, Dustin Moskovitz, Christian Larsen, Larsen, JB Pritzker, Stephen Mandel, Susan, James Murdoch, Kathryn, Murdoch, Rupert Murdoch, James, Kathryn Murdoch, CNN’s Alex Leeds Matthews Organizations: CNN, Democratic Party, Republican, Federal, Commission, outraised Trump, White, Minnesota Gov, Democratic, Trump, outspent Trump, Inc, PAC, Democrats, Democratic Party’s, FF PAC, Facebook, Labs, FEC, Fox, News Corp Locations: Boston, Greenwich , Connecticut, XRP, Illinois

☆ Britain faces warnings of a tech exodus over tax plans ahead of high-stakes budget
▼ + stars: | 2024-10-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Last week, U.K. Prime Minister Keir Starmer told Bloomberg that such speculation was "wide of the mark." Several entrepreneurs and investors have warned that the U.K. could face an exodus of technology entrepreneurs as a result of the reported tax changes. Calling the government's plan on capital gains tax the "biggest" issue for entrepreneurs, Stebbings said: "I know fewer entrepreneurs will be here. Not everyone agrees that capital gains tax shouldn't be increased to raise public finances. The analysis found that capital gains tax was not a primary driver of investment decisions, with entrepreneurs more focused on issues like access to financing, market opportunities and broader economic conditions.

Persons: Rachel Reeves, Keir Starmer, Reeves, Giles Andrews, Rishi Khosla, Victor Riparbelli, I've, Adam French, Harry Stebbings, Stebbings Organizations: Britain's, Getty, LONDON, Guardian, Bloomberg, Times, CNBC, Treasury, The Entrepreneurs Network, for Public, Research Locations: British, BADR, Europe, Paris, Berlin, U.S

☆ Trump tax plans could exempt 93 million Americans from income taxes
▼ + stars: | 2024-10-21 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

As part of his economic pitch to voters, Trump has floated a sweeping tax overhaul, including a slate of income tax breaks. So far, the Republican presidential nominee has officially proposed eliminating income tax on tips and Social Security benefits, along with overtime pay. This total excludes the many more people who would be exempt from part of their income taxes if Trump executed his proposed elimination of taxes on overtime pay. It didn't have an income tax," Trump said at a sit-down with voters in New York on Friday for "Fox & Friends." The Harris campaign did not immediately respond to CNBC's request for comment about Trump's proposed tax plans.

Persons: Donald Trump, Donald Trump's, Trump, Harris, Trump's, Kamala Harris Organizations: U.S, Republican, Security, Social Security, Social Security Administration, Yale University's, U.S . Department of Veterans Affairs, Department of Defense, Fox &, Representatives Locations: Lancaster , Pennsylvania, U.S, New York

☆ JPMorgan issues short-term buy call on China electric car stock
▼ + stars: | 2024-10-21 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Analyst Nick Lai, who has an overweight rating on the Chinese electric vehicle maker, added Xpeng to the Wall Street bank's positive catalyst watch list in a 17-page report out Sunday. This comes amid JPMorgan's forecast that EREVs and plug-in hybrid electric vehicles combined will make up about 60% of the new energy vehicle market by 2030 – almost double last year's figure. Another event that could drive the stock higher is Xpeng's third-quarter results next month, which Lai thinks will show expanded gross profit margins. Heading into 2025, Xpeng should see more volume growth, JPMorgan said, with the bank forecasting 72% volume growth in 2025. As a result, Xpeng should see positive free cash flow next year and a profit in 2026, according to Lai.

Persons: Nick Lai, Lai, BEV, –, Max, Mona, Xpeng, they've Organizations: JPMorgan Locations: 4Q24, 1Q25, Xpeng

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