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But now, as the dangers of a widening deficit and mounting debt grow, former President Donald Trump and Vice President Kamala Harris are making little effort to address it. A budget deficit occurs when a country’s spending exceeds what it collects in revenue, primarily through taxes. The deficit is expected to widen under the status quo and could get even worse under proposals by both Harris and Trump, if enacted. During the Trump-Harris presidential debate earlier this month, the budget deficit was mentioned just twice, when Harris jabbed Trump for his proposals, which are expected to add considerably more to the deficit than hers. In the 2021 fiscal year, during which Trump left office, the country ran a $2.8 trillion deficit.
Persons: Donald Trump, Kamala Harris, Harris, Trump, Jerome Powell, “ It’s, ” Powell, Harris jabbed Trump, , Maya MacGuineas, , Barack Obama, we’ve, I’ve, Obama, Mitt Romney, ” Obama, Romney, Hillary Clinton, Powell, MacGuineas, There’s, Kent Smetters, aren’t Trump, Smetters, aren’t Organizations: New, New York CNN, White, Trump, Republican, Democratic, Congressional, CNN, University of Pennsylvania’s Wharton School, Penn Wharton Budget, , Republicans, Democrats, Locations: New York, China, Japan
"Jailbreak: Love on the Run" revolves around Casey White, an inmate who escaped prison in 2022. He broke out of Lauderdale County Jail with the help of corrections officer, Vicky White. It revolves around Casey White, who was given a 75-year prison sentence for attempted murder and robbery in 2015. Casey White remains in prison, and he was almost charged with Vicky White's death. Casey White being escorted by police officers as seen in Netflix's "Jailbreak: Love on the Run."
Persons: Casey White, Vicky White, Casey, , Connie Ridgeway, Vicky, Vicky White's, Vicky's, William E, Ridgeway, Austin Williams, There's Organizations: Netflix, Service, CNN, Donaldson, Alabama Department of Corrections, Fox News Locations: Lauderdale County, Lauderdale County Jail, Alabama, Lauderdale, Florence , Alabama, Evansville , Indiana, Bessemer
China's stock markets surged this week, marking the best weekly performance since late 2008. AdvertisementChina's stock markets closed sharply higher Friday, notching their best week in 16 years as investors joined the rally party. The stock market party overwhelmed tech systemsThe stock market party got too hot to handle. AdvertisementFurthermore, the US Federal Reserve has started cutting interest rates, which has historically benefited Chinese markets, they added. So even if Beijing's stimulus isn't enough for China's economy, a liquidity or leverage-driven market rally could still be "very powerful," they wrote.
Persons: , Vishnu Varathan, Hong, Hao Hong, Pan Gongsheng, Data.TS, Freya Beamish, Rory Green Organizations: Service, Grow Investment, Shanghai Stock Exchange, of America, Bank of America, US Federal Reserve, People's Bank of China Locations: China, Beijing, Asia, Japan, Shanghai, India
Israeli politics swirl as Hezbollah conflict ramps up
  + stars: | 2024-09-27 | by ( Mick Krever | ) edition.cnn.com   time to read: +10 min
“It’ll take him months on end to train for the job,” said Gadi Eisenkot, a highly respected former Israeli military chief and member of the opposition. Policy and domestic politics are impossible to separate in any democracy, but especially in Netanyahu’s Israel – and especially now. Remarkably, Netanyahu held a security consultation on Wednesday but did not invite his defense minister, an Israeli official told CNN. Hezbollah says that it’s attacking Israel in solidarity with the Palestinian people in Gaza; Israel wants to get Hezbollah to stop firing even without a Gaza ceasefire and hostage deal. With both the Philadelphi Corridor and Hezbollah, Netanyahu’s critics have questioned why, if they were so critical, he waited months to raise the stakes over those issues.
Persons: Benjamin Netanyahu, Yoav Gallant, Gideon Sa’ar, “ It’ll, , Gadi Eisenkot, , Gallant, Netanyahu, Israel –, Itamar Ben, Gvir, Ben Gvir, Ben Gvir’s, Abir, ” Eyal Hulata, , , ” Gallant, Baz Ratner, it’s, ” Gilad Malach, Netanyahu’s, ” Malach, Damocles, Sa’ar, Bezalel Smotrich, Ammar Awad, Reuters Eisenkot, I’m, Gallant –, Malach, Michael Shemesh, Kan, ” Shemesh Organizations: Israel CNN, CNN, Reuters, Foundation for Defense of Democracies, IDF, Israel Defense Forces, Israel Democracy Institute, National Security, Finance, General Staff Locations: Tel Aviv, Israel, Lebanon, Gaza, United States, Abir Sultan, ” Lebanon, Egypt, Israeli, New York
CNN —The Supreme Court on Friday rejected a request from Robert F. Kennedy Jr. to appear on New York’s presidential ballot even though he suspended his campaign last month and backed former President Donald Trump. The high court turned away Kennedy’s longshot appeal without comment and there were no noted dissents. I want you to vote for Donald J. Trump,” Kennedy said. It’s the second presidential ballot access appeal to reach the Supreme Court in recent weeks, underscoring the spoiler role third party and independent candidates can play in tight elections. On Friday, the Supreme Court denied an emergency request from the Green Party to ensure presidential candidate Jill Stein could appear on the ballot in the battleground state of Nevada.
Persons: Robert F, Kennedy Jr, Donald Trump, Kennedy’s, , , Kennedy, , Trump, Donald J, ” Kennedy, Jill Stein, CNN’s Aaron Pelilsh, Ali Main, Steve Contorno Organizations: CNN, Trump, Republicans, US, Appeals, Green Party Locations: , New York, Walker , Michigan, Washington, Nevada
Trump's plan for a 10% tariff on all imports has been panned by Democrats and Republicans alike. Vice President Kamala Harris has even called it the "Trump Sales Tax." Vice President Kamala Harris has characterized the plan as the "Trump Sales Tax." Despite that, a rebellious House Democrat just introduced a bill that would write those tariffs into law. A self-described "progressive conservative," the Maine Democrat frequently votes for Republican-led resolutions and bills in Congress.
Persons: Kamala Harris, Jared Golden of, , Donald Trump's, Mitch McConnell, Jared Golden, Golden, It's, Trump, Biden —, he's, Austin Theriault Organizations: Republicans, Democratic, Service, Trump, Democrat, Labor, Trade, United States of, Maine Democrat, Republican, GOP Locations: Jared Golden of Maine, United States, Maine, United States of America
New York City Mayor Eric Adams is set to appear in court over bribery and wire fraud charges. AdvertisementAs New York City Mayor Eric Adams prepares for court, the number of Democrats calling for his resignation is growing. Meanwhile, at least four members of the New York City Council have encouraged Adams to step back, the outlet said. We deserve better, which is why Mayor Adams should step down," Sandy Nurse wrote on X. Hochul issued a statement on Thursday asking Adams to "find an appropriate path forward to ensure the people of New York City are being well-served by their leaders."
Persons: Eric Adams, Adams, , Katharine Parker, Alexandria Ocasio, Cortez, Brad Lander, Lander, John Avlon, Laura Gillen, Avlon, Sandy Nurse, Sen, John C, Liu, Kathy Hochul, Hochul Organizations: York City, Service, New York City, New York Times, New, Democratic Locations: York, Manhattan, Rep, Alexandria, New York City, Brad Lander , New York, New York, . New York
Lelian Chew is the founder of The Atelier & Co, a Singapore-based luxury wedding planning company. I spent a decade at Goldman Sachs, working in Singapore and Hong Kong managing key relationships by flying to a different Chinese city each day. English wasn't his first language, so he misunderstood and thought I was starting a wedding planning business. He immediately asked me to help plan his son's wedding, insisting I take a look since I knew the family well. Many of our elder clients want to see their grandchildren uphold customs they cherish, like family crests and cultural elements.
Persons: Chew, Chew doesn't, , Lelian Chew, Goldman Sachs, I, Lelian, it's Organizations: Service Locations: Singapore, Hong Kong, Indonesia, Maldives
CNN —Former President Donald Trump and Ukrainian President Volodymyr Zelensky will meet at Trump Tower on Friday morning, according to Trump, giving the Ukrainian leader the chance to make a personal pitch to a GOP presidential nominee openly skeptical of continued US security assistance for Ukraine against Russia. Still, it’s unclear whether Zelensky can say anything to convince Trump to change his position on the Russia-Ukraine war and US security assistance. Zelensky said this week that Trump doesn’t know how to end Russia’s war on Ukraine. But an in-person meeting while Zelensky, who was in town for the UN General Assembly, appeared unlikely earlier this week. “Those cities are gone, they’re gone, and we continue to give billions of dollars to a man who refused to make a deal, Zelensky.
Persons: Donald Trump, Volodymyr Zelensky, Trump, He’s, Zelensky, ” Trump, , Putin, ” Zelensky, Joe Biden, Kamala Harris, ” Harris, Zelensky’s, it’s, Biden, Biden –, they’re, Josh Shapiro, They’ve, Mike Johnson, Ohio Sen, JD Vance Organizations: CNN, Ukrainian, Trump, GOP, Russia, Biden, White, Democratic, White House, United Nations General Assembly, House Democrats, UN, Assembly, Republican, Democratic Gov, Republicans, Ohio, Trump Tower Locations: Ukrainian, Ukraine, Russia, November’s, Mint Hill, North Carolina, Congress, Pennsylvania, Yorker
Prosecutors allege New York City Mayor Eric Adams solicited travel from foreign businesspeople. As a city official, Adams should have disclosed the gifts and travel benefits, Williams said. AdvertisementThese are the travel benefits and luxury perks federal prosecutors allege Adams has solicited since 2016. Flights to France, Turkey, and ChinaIn 2017, Adams accepted free business class tickets for himself and travel companions to France, Turkey, and China, per the indictment. The travel benefits were worth more than $9,000 and Adams failed to disclose them, prosecutors said.
Persons: Eric Adams, Adams, , rebuking, Damian Williams, Williams Organizations: New York City, Service, New, Democratic, Turkish, Prosecutors, Business, Bentley, Turkey Prosecutors Locations: New York, Manhattan, Brooklyn, York, India, Turkey, France, China, Istanbul, Regis, Hungary, St, Ghana
Spitznagel thinks they should focus instead on lagging drivers that could spur a sharp stock downturn. Advertisement"Black Swan" investor Mark Spitznagel thinks that the stock market's streak of record highs is distracting from a more jarring reality that could come by year-end. In a recent interview with Bloomberg TV, he said investors are currently enjoying a market that's in a "Goldilocks zone." "When the yield curve disinverts and then unverts, the clock starts ticking and that's when you enter black swan territory," Spitznagel told Bloomberg. He has warned of a stock market crash since January 2023, and back in July, he said the market's yearslong rally has become the "greatest bubble in human history," and its bursting would make for a recession.
Persons: Stocks, they've, Mark Spitznagel, Spitznagel, , That's, capitalizes Organizations: Service, Bloomberg TV, Bloomberg, Universa Investments
A new WSJ report sheds light on the internal tensions at OpenAI amid CTO Mira Murati's exit. The report said execs worried the company could collapse when cofounder Ilya Sutskever left in May. AdvertisementQuestions are swirling about what exactly has been going on at OpenAI amid a string of high-profile executive departures including former CTO Mira Murati. AdvertisementIt also reveals that executives worried about a potential collapse after OpenAI cofounder Ilya Sutskever left in May, and their attempts to woo the AI researcher back before reconsidering the offer. However, the Journal's reporting offers some fresh details about Murati's involvement as CTO amid the crunch to ready and ship new products.
Persons: Mira Murati's, execs, Ilya Sutskever, , Mira Murati, Sam Altman, Murati's, Sutskever, Altman, hadn't, Jan Leike, Greg Brockman, Brockman, Murati, Sarah Friar Organizations: Service, Wall, Business, CNBC
More than 100 were killed at a crocodile farm in Lamphun, northern Thailand, after a typhoon damaged their enclosure. More than 100 crocodiles were killed to prevent them from escaping after a typhoon damaged their enclosure in Lamphun, northern Thailand. Among the crocodiles killed was one named Ai Harn, the eldest male breeder and leader of the pack, at 4 meters (13 feet) long. Earlier this year, 60 Siamese crocodile eggs hatched in Cambodia, the largest recorded breeding event for the species this century. Thai crocodile farmer Natthapak Khumkad owns the biggest crocodile farm in the province of Lamphun, northern Thailand.
Persons: , Khumkad, Natthapak, , Yagi, Benjamin Horton, Hurricane Ian, CrocodileLamphun Natthapak, ” Natthapak, Pornthip Nualanong, Ai Harn, Pornthip, suckling, Natthapak Khumkad Organizations: Bangkok CNN, CNN, Observatory of, International Fund for Animal Welfare Locations: Bangkok, Lamphun, Thailand, China, Southeast Asia, Thailand’s, Observatory of Singapore ., Florida, Punta Gorda, Cambodia, Hong Kong
But she's remained largely absent from Donald Trump's 2024 campaign. For most attendees, it was likely their first time seeing Melania Trump in months. After her husband lost to President Joe Biden in the 2020 presidential race, Melania Trump retreated from the public eye. She has remained largely absent from Donald Trump's public endeavors, including most of his current reelection campaign. While Melania Trump has taken a behind-the-scenes approach to her husband's campaign, she's been spotted at other public events and around Trump family properties.
Persons: Melania Trump, she's, Donald Trump's, , Dior, Joe Biden, Biden, Donald Trump, she'll Organizations: Republican National Convention, Service, Press, CNN Locations: Pennsylvania, Trump
A new WSJ report sheds light on the internal tensions at OpenAI amid CTO Mira Murati's exit. The report said execs worried the company could collapse when cofounder Ilya Sutskever left in May. AdvertisementQuestions are swirling about what exactly has been going on at OpenAI amid a string of high-profile executive departures including former CTO Mira Murati. AdvertisementIt also reveals that executives worried about a potential collapse after OpenAI cofounder Ilya Sutskever left in May, and their attempts to woo the AI researcher back before reconsidering the offer. However, the Journal's reporting offers some fresh details about Murati's involvement as CTO amid the crunch to ready and ship new products.
Persons: Mira Murati's, execs, Ilya Sutskever, , Mira Murati, Sam Altman, Murati's, Sutskever, Altman, hadn't, Jan Leike, Greg Brockman, Brockman, Murati, Sarah Friar Organizations: Service, Wall, Business, CNBC
We are selling 75 shares of GE Healthcare at roughly $93.86. Following the trade, Jim Cramer's Charitable Trust will own 925 shares of GEHC, decreasing its weighting to 2.5% from 2.72%. After further contemplation since the Morning Meeting , we are trimming our position in GE Healthcare. It's been the second best-performing healthcare stock in the S & P 500 this past month, rallying roughly 11% to put its year-to-date gains at 21%. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer's, It's, Jim Cramer, Jim Organizations: GE Healthcare, UBS, GE, CNBC, Traders, NYSE Locations: China
Signage at the New World Tower, which houses the headquarters of New World Development Co., in Hong Kong, China, on Thursday, Sept. 26, 2024. New World Developmen suspended trading of its shares in Hong Kong on Thursday morning. Shares of Hong Kong's New World Development surged following the resignation of Adrian Cheng, a member of the founding family. Hong Kong listed shares of the major development company traded 23% higher after trading resumed on Friday. New World's woes come as property pains continue to plague Hong Kong and mainland China.
Persons: Adrian Cheng, Cheng, Eric Ma Siu, Cheung, Alicia Garcia, Herrero, Hong Kong tycoons, China's Organizations: New, Hong, HK, Asia Pacific, CNBC, China's Locations: Hong Kong, China, Natixis, tycoons, Asia
Israel's Prime Minister Benjamin Netanyahu addresses the 79th United Nations General Assembly at U.N. headquarters in New York, U.S., September 27, 2024. And that's exactly what we're doing ... we'll continue degrading Hezbollah until all our objectives are met," Netanyahu said. He said he traveled to the United Nations to refute the untruths he had heard from other leaders on the same rostrum earlier in the week. Israel's Prime Minister Benjamin Netanyahu addresses the 79th United Nations General Assembly at U.N. headquarters in New York, U.S., September 27, 2024. Israel is vowing to step up its attacks on Hezbollah until its citizens can return safely to their homes.
Persons: Benjamin Netanyahu, Mike Segar, Netanyahu, Israel, Khan Younis, Ahmad Salem, Getty Images Ahmad Salem, Jalaa Marey Organizations: Israel's, United Nations General Assembly, Reuters, United Nations, United, Health Ministry, Bloomberg, Getty Images, Getty, Afp Locations: U.N, New York, U.S, Lebanon, Israel, El Paso, San Diego, ., Gaza, United Nations, Iran, Lebanese, United States, France, Galilee
Tim Boucher has written over 120 books using AI-generated text and images. "My books allow AI models to speak for themselves, almost like the idea of an unreliable narrator in literature," he told Business Insider. AdvertisementCreative differencesTensions between AI companies and the creative industries have been bubbling since the release of AI image generators such as Midjounrey and the rise of AI-powered chatbots such as ChatGPT. AI companies, including OpenAI, are facing several similar lawsuits from groups of authors and artists. He said he thought the lawsuits would put a lot of pressure on how AI companies use licensed data, which he described as a "good thing."
Persons: Tim Boucher, , he's, chatbots, Claude, ChatGPT, Boucher, Michael Chabon, Elon Musk's, Chabon Organizations: Service, Meta, Wild West
The United Kingdom is pursuing investment from America's biggest banks and tech giants, as the country looks to infuse growth in its stagnant economy. "We now have a Labour government whose number one priority is wealth creation," U.K. Prime Minister Keir Starmer told CNBC's Andrew Ross Sorkin in an exclusive broadcast interview Thursday. "We are a Labour party that is proud to say we are pro business just as much as we are pro worker." In July, Starmer became the first leader from the center-left Labour party to win a U.K. national election since Tony Blair — ending 14 years of Conservative rule. This week, Blackstone committed to investing $13 billion to build a data center in the northeast of England.
Persons: Keir Starmer, CNBC's Andrew Ross Sorkin, Starmer, Tony Blair —, Brian Moynihan, Jane Fraser, Larry Fink, Brad Smith, Jonathan Gray, Blackstone Organizations: Labour, Conservative, United Nations General Assembly, Bank of America, Citi, BlackRock, Microsoft, Blackstone Locations: Kingdom, New York City, England, Europe
New York City Mayor Eric Adams arrived in federal court in Manhattan on Friday morning for his arraignment on criminal charges of receiving illegal campaign donations and undisclosed luxury travel gifts while doing favors for Turkey's government and Turkish businessmen. Adams, 64, was charged in a five-count indictment unsealed Thursday alleging conspiracy, bribery, wire fraud, and soliciting campaign contributions by foreign nationals. Kathy Hochul, a fellow Democrat weighs whether to force him from office by invoking a never-before-used provision of the city's Charter. Adams is set to be arraigned at noon ET before a magistrate judge, where he is expected to enter a not-guilty plea. District Court Judge Dale Hoe has scheduled an initial conference in Adams' case for Oct. 2, rejecting a request by the mayor's lawyer to hold the arraignment and that conference on a single day.
Persons: Eric Adams, Adams, Kathy Hochul, Dale Hoe Organizations: York City Locations: York, Manhattan, Turkish, city's
Donald Trump threatened to prosecute Google "at the maximum levels" if he's elected president. AdvertisementFormer President Donald Trump is no stranger to lashing out at companies — and now he's taking aim at Google. Trump alleged that Google "illegally used a system of only revealing and displaying bad stories about Donald J. Trump" while surfacing good stories about Harris. In the report, the group said it conducted Google searches on September 6 for the terms "donald trump presidential race 2024" and "kamala harris presidential race 2024." In addition to threats against Google, Trump has levied warnings to other companies and CEOs who crossed him.
Persons: Donald Trump, Trump, Kamala Harris, , Donald J, Harris, donald, kamala harris, Walz, Axios, Mark Zuckerberg, John Deere Organizations: Google, Service, Republican, Democratic, Justice Department, Department, Trump, Business, Speech America, Media Research, BI Locations: United States, Mexico
Nvidia could rocket another 545% by the end of the decade, Phil Panaro predicted. AdvertisementNvidia is headed for a meteoric run-up by the end of the decade, according to one former consulting exec. "Not to sound overconfident — it's actually inevitable provided that they can continue to make these chips," he later added of the firm's upside potential. Some strategists have been skeptical over Nvidia's rally, with the stock up a monster 2,733% over the last five years. "That's actually the best case for why it's actually going to go up.
Persons: Phil Panaro, Blackwell, , Phil Panaro —, Jensen Huang, Panaro, Goldman Sachs, Morgan Stanley, — it's, That's, it's, haven't Organizations: Nvidia, Service, Boston Consulting Group, Goldman, Citigroup, Schwab Network, Blackwell, Big Tech, Fortune, Analysts, Nasdaq Locations: Web2
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Despite Thursday's gains, Wells Fargo shares are having a tough month. 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, Stanley Black, Decker, Wells Fargo, Wells, Morgan Stanley, Jim Cramer's, Jim Organizations: CNBC, Treasury, JPMorgan, Wells, Bloomberg, Fed
Republican presidential nominee and former U.S. President Donald Trump speaks to the press at Trump Tower in New York City, U.S., September 26, 2024. REUTERS/David Dee DelgadoDonald Trump on Friday called for Google to be criminally prosecuted for what the Republican presidential nominee called the company's bias toward his election opponent Vice President Kamala Harris in online search results. Trump in a social media post wrote that if the Department of Justice does not prosecute Google "for this blatant interference of Elections" he would request its prosecution "when I win the election and become President of the United States!" He seemed to be reacting to a new study by the right-leaning Media Research Center, which purportedly found that Google search engine results tended to show news articles that supposedly were positive to the Democrat Harris ahead of Trump's own campaign website when a user searched for "Donald Trump presidential race 2024." In his post on Truth Social, Trump wrote: "It has been determined that Google has illegally used a system of only revealing and displaying bad stories about Donald J. Trump, some made up for this purpose while, at the same time, only revealing good stories about Comrade Kamala Harris."
Persons: Donald Trump, David Dee Delgado Donald Trump, Kamala Harris, Democrat Harris, Trump, Donald J Organizations: Trump, REUTERS, Google, Republican, Department of Justice, Media Research Center, Democrat, Social Locations: New York City, U.S, United States
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