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SPRINGFIELD, Ohio — The Ohio town at the center of a culture war over debunked claims about Haitian migrants was forced to close its City Hall on Thursday after receiving a bomb threat, the city announced on its website and social media channels. The bomb threat "was issued to multiple facilities throughout Springfield,” the city said. The city’s mayor, Rob Rue, indicated Thursday that the threat included complaints about Haitian migrants in the city, according to the Springfield News-Sun. Springfield has recently been thrust into the national political culture war as conservative influencers and Republican politicians have repeated a debunked claim that immigrants from Haiti have been stealing and eating pets. “In Springfield, they’re eating the dogs, the people that came in, they’re eating the cats," he said.

Persons: “, Rob Rue, ” Rue, ”, hasn’t, Ohio Sen, JD Vance, ” Sen, Ted Cruz, Trump, don’t, Kamala Harris, Donald Trump, David Muir, ” Trump, Viles Dorsainvil, ” Denise Williams, “ I’ve, I’ve, ” Williams, Alicia Victoria Lozano, Kevin Collier Organizations: Springfield Police Division, Springfield News, NBC, GOP, Republican, “, ABC, Community, NBC News, NAACP Locations: SPRINGFIELD , Ohio, The Ohio, Springfield, Haiti, Ohio, Texas, New York

Low-income families who are robbed of their grocery funds may no longer get reimbursed if Congress doesn’t act by Sept. 30. Since late 2022, states have been authorized to use federal dollars to pay back victims of SNAP skimming thanks to a provision passed by lawmakers. Dutch Ruppersberger, D-Md., who has advocated on behalf of SNAP skimming victims for years. “It’s frustrating and, frankly, very confusing that they don’t view this as a priority.”Despite the directive expiring, SNAP skimming continues to be a pervasive problem. Sen. Ron Wyden, D-Ore., proposed a bill in March that would require chip-enabled SNAP EBT cards and other safeguards, but the bill has yet to advance.

Persons: ”, “, Ruppersberger, Biden, Sen, Ron Wyden, ” Wyden, Daniel Acker, Cindy Long, ” Long, Ashley Burnside, ” Gina, Gina, Vicky Negus, Negus, ” Negus, “ It’s Organizations: Assistance, SNAP, U.S . Agriculture Department, C.A, state’s Department of Social Services, Oklahoma Human Services, Bloomberg, Getty, NBC News, USDA, for Law, Social, “ SNAP, Reform Institute, American, Human Services Association Locations: California, Oklahoma, Boston, Massachusetts, Washington ,

☆ Fact check: Trump falsely claims every poll says he won the debate
▼ + stars: | 2024-09-12 | by ( Daniel Dale | ) edition.cnn.com time to read: +4 min

As of Thursday morning, every major scientific poll about the debate — every poll that used random sampling techniques to try to obtain a representative picture of US public opinion — had found that Harris won. YouGov poll (2,166 registered voters who said they watched): 54% said Harris won the debate, 31% said Trump won, 14% weren’t sure. Leger poll for the New York Post (1,002 US adults who said they watched): 50% said Harris won the debate, 29% said Trump won, 21% said nobody won or that they didn’t know. So while scientific polls are certainly imperfect, it’s clear that Trump’s claim that he won the debate “according to every poll” is wrong. But its poll, too, was a junk poll; C-SPAN simply posted an open question on the social media platform X, formerly known as Twitter.

Persons: Donald Trump, Hillary Clinton, Joe Biden, Kamala Harris, ” Trump, —, Harris, Trump, Leger, Republican pollster, ” Organizations: Washington CNN, CNN, New York Post, Democratic, Republican, Trump, Fox News, Fox, SPAN, Twitter Locations: Newsmax

☆ Just the Facts – Energy and the Environment: Steve Ballmer Talks Through the Number
▼ + stars: | 2024-09-12 | by ( Sponsor Post | ) www.businessinsider.com time to read: +11 min

The federal government and many state governments are passing laws and regulations designed to reduce our use of fossil fuels and increase renewable energy production. Now let's talk about energy production. Big picture, America's production of oil, natural gas, and renewables is growing with natural gas growing most of all. In 1950, natural gas was about 18% of total US energy production. As for oil, US domestic crude oil production has more than doubled since 2000.

Persons: Steve Ballmer, That's Organizations: Insider Studios, LA Clippers, US, Buildings, Transportation, Global Locations: United States, America, China, Russia, Ukraine, Venezuela

☆ The Trump campaign is ripping off Taylor Swift's merch with new 'Era' T-shirt drop
▼ + stars: | 2024-09-12 | by ( Alice Tecotzky | Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Donald Trump is selling Taylor Swift-inspired merchandise. The new merch drops comes after the superstar endorsed Kamala Harris for president. Harris' campaign is selling Swift merch of its own, demonstrating the power of the endorsement. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On Thursday, Trump's campaign dropped a new piece of merch based off of Taylor Swift's Eras tee, escalating the tension after the superstar endorsed Vice President Kamala Harris for president in a post on Instagram.

Persons: Donald Trump, Taylor Swift, Kamala Harris, Harris, —, Donald Trump's, Taylor, Trump Organizations: Service

☆ Here's the deflation breakdown for August 2024 — in one chart
▼ + stars: | 2024-09-12 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

It means that, in aggregate, the average prices of goods and services are rising, just more slowly. Where prices have deflatedFor example, prices have declined by about 5% for furniture and bedding and 3% for appliances since August 2023, according to CPI data. Outside of supply-demand dynamics, the U.S. dollar's strength relative to other global currencies has also helped rein in prices for goods, economists said. Airline fares have declined about 1% over the past year, according to CPI data. Grocery prices have fallen for items such as apples, potatoes, ham, coffee, rice, seafood and bananas, according to CPI data.

Persons: Stephen Brown, it's, Sarah House, They've, women's outerwear, Brown Organizations: North, Capital Economics, Finance, Social Security, Wells, Wells Fargo Economics, U.S, International Air Transport Association Locations: U.S, North America, Wells Fargo, China

☆ Applying to jobs is tough, try doing it 2,200 times
▼ + stars: | 2024-09-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, this guy is ready to give up after applying to nearly 2,200 jobs . The big storyNot hiringKevin Cash Ben BoxerHow tough is the current job market? AdvertisementThe job market is in a weird spot these days. On paper — and maybe in another labor market — Kevin appears to be the perfect candidate. It's a tough reality check for employees who previously held all the power in the job market.

Persons: —, Zer, Kevin Cash Ben Boxer, Kevin Cash, Tim Paradis, Kevin, it's, Forget, Tyler Le, we're, duMond, Chip Somodevilla, Alyssa Powell, Harris, Rebecca Zisser, Elon, Apple, Jensen, Goldman Sachs, David Soloman, Huang, Chelsea Jia Feng, Trump, Brian Niccol, We're, Niccol, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, Business, Mensa, BI Trump, Oppenheimer, Fed, Twitter, Nvidia, Kroger, London Locations: San Francisco, Austin, New York, London

☆ Jordan Chiles: US gymnast says ‘the person I am’ was taken from her during Olympic medal controversy
▼ + stars: | 2024-09-12 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

Not just my sport, but the person I am,” she told Forbes’ Power Women’s Summit, appearing emotional at times. … I feel like I was really left in the dark.”CNN has reached out to the International Olympic Committee, the International Gymnastics Federation and CAS for comment on Chiles’ comments. Chiles spoke of the “huge toll on [her] mental health” the coach’s comments had as she considered quitting gymnastics. The win was historic – marking the first time all three positions on the Olympic podium were held by Black women. Chiles was initially awarded a bronze medal in the women's floor exercise event at the 2024 Paris Olympic Games.

Persons: Jordan Chiles, Chiles, Romania’s Ana Bǎrbosu, ”, it’s, …, “ didn’t, ” Chiles, Taraji, Henson, Tracie Jade, Simone Biles, Brazil’s Rebeca Andrade, Gabriel Bouys, “, ” USAG, Hamid G, Gharavi Organizations: CNN, Games, Sport, CAS, Wednesday, Forbes, Power Women’s, International Olympic Committee, International Gymnastics Federation, Olympics, Olympic, Getty, Romanian Gymnastics Federation, US, Paralympic, USA Locations: Romanian, AFP, Romania

☆ Bill Gates-backed startup says a global gold rush for buried hydrogen is picking up momentum
▼ + stars: | 2024-09-12 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

Geologic hydrogen — sometimes known as white, gold or natural hydrogen — refers to hydrogen gas that is found in its natural form beneath Earth's surface. Pete Johnson, CEO and co-founder of Koloma, told CNBC that geologic hydrogen is fundamentally an exploration and production business. A primary energy source, such as coal, oil, wind or solar, refers to a natural energy source that has not been altered or converted. It's within this context that momentum has been growing over the potential of geologic hydrogen. Ellis said that just a small percentage of geologic hydrogen recovery might well be enough to supply all the projected demand for 200 years.

Persons: Bill Gates, Jeff Bezos, Pete Johnson, Koloma, Ray Dalio, Virgin Group's Richard Branson, Alibaba's Jack Ma, Koloma Koloma's Johnson, there's, Johnson, Alex Halada, Geoffrey Ellis, Ellis Organizations: Geological Agency of, Ministry of Energy, Mineral Resources, Nurphoto, Getty, CNBC, Khosla Ventures, Fund, United Airlines, Breakthrough Energy Ventures, Bridgewater Associates, Rystad Energy, Afp, Energy Resources Program, . Geological Survey Locations: Pute Jaya, Morowali Regency, Central Sulawesi Province, Indonesia, U.S, Denver , Colorado, Canada, Australia, France, Spain, Colombia, South Korea, Russia, Ukraine, Germany

☆ Just the Facts – The U.S. Economy and Your Pocketbook: Steve Ballmer Talks Through the Numbers
▼ + stars: | 2024-09-12 | by ( Sponsor Post | ) www.businessinsider.com time to read: +10 min

Between 2021 and 2022, average annual grocery prices were up 11.4%, the highest increase since 1979. In this episode of "Just the Facts," the US Economy and your Pocketbook. Let's take a look at the economy and how it is working or not working for you. To measure inflation, let's start by looking at the Consumer Price Index, or CPI. Between 2021 and 2022, average annual grocery prices were up 11.4%, the highest increase since 1979, and they grew another 5% between 2022 and 2023.

Persons: Steve Ballmer, USAFacts, COVID, it's, There's Organizations: Insider Studios, LA Clippers, Consumer, Federal Reserve, Real, Social Security Locations: America, United

☆ Buttigieg: Trump and Vance ‘demonizing immigrants’ to distract from their record
▼ + stars: | 2024-09-12 | by ( Kaanita Iyer | ) edition.cnn.com time to read: +3 min

CNN —Pete Buttigieg on Thursday slammed former President Donald Trump’s recent false claims that migrants are eating pets, saying it’s a strategy to distract from the Republican presidential nominee’s record. “There’s even more to it than demonizing immigrants – although that’s obviously part of what he’s doing,” said Buttigieg, appearing on CNN’s “The Source” with Kaitlan Collins. Buttigieg praised Vice President Kamala Harris’ debate performance but stressed that groundwork and organizing is more important to win the race. “No one night, no one event, no one appearance, no one debate is going to decide this,” Buttigieg told Collins. So that’s going to continue and I think that’s how she’s going to win.”

Persons: Pete Buttigieg, Donald Trump’s, “, that’s, ”, Kaitlan Collins, Trump, JD Vance, Buttigieg, Biden, Kamala Harris, ” Buttigieg, Collins, “ We’re, Harris, “ She’ll, Donald Trump, he’s, Harris “ Organizations: CNN, Republican, ABC Locations: Ohio, Springfield

☆ Polaris Dawn crew conducts historic spacewalk during SpaceX mission
▼ + stars: | 2024-09-12 | by ( Jackie Wattles | Ashley Strickland | ) edition.cnn.com time to read: +8 min

Editor’s note: Relive the SpaceX Polaris Dawn historic commercial spacewalk as it happened. The Polaris Dawn crew can see a sunrise and sunset about every 106 minutes. Polaris Dawn crew members are seen within the SpaceX Crew Dragon capsule. Instead, the Polaris Dawn crew will receive their life support from long hoses attached to their spacecraft. Polaris Dawn crew member and SpaceX engineer Sarah Gillis is seen during the first commercial spacewalk.

Persons: —, Polaris Dawn crew’s, Jared Isaacman, Scott “ Kidd ” Poteet, Anna Menon, Sarah Gillis —, Isaacman, “, ” Isaacman, Gillis, ” Mennon, Bill Nelson, ” Nelson, Hatch, we’ve, Garrett Reisman, Sarah Gillis, Elon Musk, ” What’s, they’re, ” Organizations: SpaceX Polaris, CNN, Polaris, SpaceX, Shift4, US Air Force, NASA, Space, ISS Locations: wiggling, U.S

San Salvador, El Salvador CNN —For decades, life choices were bleak for many in El Salvador: Leave or die. El Salvador, once synonymous with violence and waves of emigration, saw a dramatic drop in crime. We are not stupid.”Villatoro’s words echo the brutal reality El Salvador has faced for years. Unlike in places like Cuba or China, where residents can seem nervous to criticize repressive regimes, in El Salvador the optimism appears real. Evelio Contreras/CNNTeresa Lilian Gutierrez is caught in the middle, and her experience shows the many complexities of life in El Salvador today.

Persons: Nayib Bukele, Victor Bolaños, Blanca, “, ” Victor, ” Blanca, Evelio Contreras, Bukele, Victor, Diego Morales, ”, El, ” Diego, Salvadorans, Diego, Jairo, “ We’ve, … it’s, ” Jairo, ‘, El Salvador, —, Cecot, Gustavo Villatoro, they’ll, Bukele’s, Donald Trump, ” Trump, ” Villatoro, Juan Carlos Cornejo, Juan Carlos, Socorro Jurídico, Juan Carlos ’, Critics, CNN Teresa Lilian Gutierrez, San Salvador . “, “ He’s, …, they’re, René Merino, Merino, Blanca Bolaños Organizations: San Salvador , El, San Salvador , El Salvador CNN —, New, New York City, CNN, El, Central, Rights Watch, Northern, Customs, Border Protection, World Bank, Houston, La Libertad, Barrio, El Salvador Presidency Central, ”, Republican National Convention, Salvadoran, Officials Locations: San Salvador ,, San Salvador , El Salvador, El Salvador, New York, Denver, San Salvador, Central American, Central America, Honduras, Guatemala, El, Houston, Florida, Austin, Hawaii, Tamanique, Salvadoran, United States of America, Santa Ana, “, Socorro, Cuba, China, La Campanera, San Salvador ., Mariona, America, Bukele

☆ Board rules DA in murder case against missing Colorado woman’s husband should be disbarred
▼ + stars: | 2024-09-11 | by ( Pilar Melendez | Pilar Melendez Is An Editor On The Nbc News Platforms Team. | ) www.nbcnews.com time to read: +8 min

District Attorney Linda Stanley announces an arrest in the case of missing Colorado woman Suzanne Morphew on May 6, 2021. The Office of Attorney Regulation Counsel first brought the case in October. The defense attorney for Barry Morphew, husband of Suzanne Morphew, whose remains were found last year, praised the order. State regulators allege that soon after Morphew was arrested, Stanley began texting the host of the “Profiling Evil” YouTube channel about the case. Shortly after an interview with the judge, Stanley moved to dismiss the case against Morphew without prejudice, meaning charges could be refiled.

Persons: Suzanne Morphew, Linda Stanley, Barry Morphew — “, ”, Stanley, KUSA “, “, Jonathan Blasewitz, Barry Morphew, ” Iris Eytan, Eytan, “ Stanley, Morphew, Suzanne, Donald Trump, Stanley texted, ’, ” Stanley, Ramey Lama, Stanley “, ” Lama’s, Lama, Suzanne Morphew’s, ” “ Organizations: Judicial, of, Colorado Supreme, state’s, The Colorado Sun, Ethical Prosecutors, Colorado, YouTube, Facebook, Daily Locations: Colorado, of Colorado, Denver, Chaffee, ”

☆ Donald Trump’s social media stock is plunging after his rocky debate performance
▼ + stars: | 2024-09-11 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

Investors swiftly penalized Trump’s social media business following the former president’s widely panned debate performance. Trump Media initially spiked 10% that day, before fizzling and ending in the red. Trump Media has at times become a way for traders to bet on the political fortunes of Trump and the chances he returns to the White House. Trump is not only the dominant shareholder in Trump Media, he is the most popular user on Truth Social, the company’s only significant product. The lock-up restrictions preventing Trump from selling his 114.75 million shares in Trump Media are set to expire later this month.

Persons: Donald Trump, Kamala Harris, Trump, Joe Biden’s, ” Matthew Tuttle, Harris ’, ”, ” Tuttle, Michael Block, AgentSmyth, “, ” Block, didn’t, Biden Organizations: New, New York CNN, Trump, Trump Media & Technology Group, Social, ABC, CNN, Trump Media, Tuttle Capital Management, ” Trump, White, Truth Locations: New York, Coinbase

☆ After having my legs amputated, I thought I'd never compete again. I just won a medal at the Paralympics.
▼ + stars: | 2024-09-11 | by ( Stuart Lieberman | ) www.businessinsider.com time to read: +6 min

Yet all the things I've seen and the feedback I've received from those back home following or watching have been exceptional. AdvertisementTo be three-hundredths of a second out of the silver-medal position was tough, but I had a really good race in the VL2 200-meter canoe event. The flesh-eating disease caused the bacteria to multiply, kill my tissue, and ultimately require my legs to be amputated. All I thought about was if I could get out of the hospital and lead a normal life moving forward. AdvertisementInstead, be more generic and say: Alright, what does my disability really mean?

Persons: —, Blake Haxton, I'm, it'd, I've, you'll, necrotizing, I'd, medaling, it's, — I'm Organizations: Service, Paris, Business, Brandywine Global Investment Management, Paris Paralympics, Olympic, Olympics, USA Locations: Ohio, Scioto, Brandywine

☆ This is the worst piece of relationship advice, says therapist Esther Perel
▼ + stars: | 2024-09-11 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +2 min

It is also one of the worst pieces of relationship advice, according to renowned psychotherapist Esther Perel. But tension is actually a sign of a potentially healthy partnership. "Therapy speak of a certain kind has the word 'self' in front of everything — self-awareness, self-realization, self-fulfillment, self-care, self-image," Perel says. A prerequisite for being able to grow into the type of person who can have healthy, high-quality relationships is being able to understand yourself. Lisa Marie Bobby Relationships Therapist

Persons: Esther Perel, Perel, Lisa Marie Bobby, Bobby Locations: Denver

☆ A millennial couple bought a $175,000 schoolhouse sight unseen. They love it now, but aren't sure they'd do it again.
▼ + stars: | 2024-09-11 | by ( Maria Noyen | ) www.businessinsider.com time to read: +1 min

Stacie Grissom and Sean Wilson bought a $175,000 schoolhouse in the small town they grew up in. The couple, who are high school sweethearts, lived in New York before deciding to return to Indiana. They fell in love with the property over FaceTime and bought it without ever seeing it in person. Grissom, 36, told Business Insider that she and Sean Wilson, 35, are high school sweethearts who grew up just three minutes apart. This story is available exclusively to Business Insider subscribers.

Persons: Stacie Grissom, Sean Wilson, —, Indianapolis —, Grissom Organizations: Service, Indiana, Business Locations: New York, Indiana, New York City, Franklin, Indianapolis

☆ Mortgage rates hit lowest level since February 2023
▼ + stars: | 2024-09-11 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

According to a report by the National Association of Realtors, pending home sales fell 1.5 percent in October to their lowest level in 20 years. (Photo by Justin Sullivan/Getty Images)Mortgage rates fell for the sixth straight week last week, but mortgage demand still seems to be waiting for something bigger. That is the lowest level since February 2023 and nearly a full percentage point lower than the same week one year ago. Total mortgage demand, however, rose just 1.4% for the week, according to the MBA's seasonally adjusted index. Mortgage rates continued to move lower to start this week, according to a separate survey by Mortgage News Daily, but the monthly release of the Consumer Price Index, a measure of inflation, on Wednesday could impact the direction of rates more sharply in either direction.

Persons: Justin Sullivan, Joel Kan, Kan, Matthew Graham Organizations: National Association of Realtors, Mortgage, Association, Treasury, Federal Reserve, Labor, Mortgage News Locations: CALIFORNIA, Larkspur , California

☆ Solar stocks get a Harris bump. What the charts say about whether the rally is for real
▼ + stars: | 2024-09-11 | by ( David Keller | ) www.cnbc.com time to read: +4 min

But the stock quickly dropped to find new support around $210, eventually settling into a trading range between $200 and $240. This price range lines up well with previous resistance from 2023, adding further conviction to the importance of these levels. But if RUN can finally break above the $24 level, that would mean clear skies ahead from a technical perspective. While solar stocks still have much to prove, their technical configurations suggest investors should watch this space closely leading into the November elections. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Kamala Harris, FSLR, it's, David Keller Organizations: Nasdaq, Inc, Sunrun Inc, CMT, Sierra Alpha Research, CNBC, NBC UNIVERSAL

Mint shut down back in March, but people are still searching for a replacement budgeting app. Free budgeting apps are becoming less common, but there are still a few options to try. It's left a significant gap for people who prioritize free budgeting tools, and even months after Mint's closure, Reddit users are still looking for a good replacement. "That was Mint's biggest draw, that it was a free budgeting app," explains Mykail James, MBA, certified financial education instructor, and owner of BoujieBudgets.com. AdvertisementWe'll explain the current budgeting app environment and share tips on how you can choose the best budgeting app for you.

Persons: —, Everyone's, It's, Mykail James, Eric Croak, James, Croak, haven't, I've, they've Organizations: Mint, Service, Croak, Quicken

☆ $11 billion ExodusPoint just made a concession on fees. It could be the start of a massive change for hedge funds' biggest names.
▼ + stars: | 2024-09-11 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +4 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Multi-strategy hedge funds, led by Citadel, Millennium, and Point72, had churned out returns in turbulent markets with limited volatility. In that environment, even the multi-strategy funds not among the sector's top tier were able to demand long lock-ups and high fees. Bobby Jain's new fund launched with $5.3 billion in July after there were whispers of him raising $10 billion six months prior.

Persons: —, Michael Gelband, Goldman Sachs, Bobby Jain's, Doug Haynes, Justin Young Organizations: Service, Citadel, Tiger, Business, Millennium, Street, FT, Bloomberg, of Texas, Treasury, Multilateral Endowment Management Company, Oklahoma State Foundation, LinkedIn

☆ Apple's new iPhone camera button is a big Gen Z bet
▼ + stars: | 2024-09-11 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

But one feature of the new button seems tailored for Apple's Gen Z audience. Advertisement0.5x selfies are all the rage with Gen Z. Advertisement"The new camera control alongside larger screen and improved battery performance will cement the iPhone 16 Pro Max as the top choice for Gen Z consumers," Al Jumaily said. "Gen Z is not a homogenous group," said Shantanu Dutta, a marketing professor at USC's Marshall School of Business. "The benefits desired by Gen Z users differ from country to country."

Persons: —, Gen Z, Gen, Monica Hillison, Hillison, Abdul Al Jumaily, Max, Al Jumaily, Shantanu Dutta, Dutta Organizations: Service, Business, Consumer, Virginia Tech, Apple, USC's Marshall School of Business, Gen Locations: Asia, India

☆ Markets get nervous over high core inflation and see the Fed cutting slowly
▼ + stars: | 2024-09-11 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Stubbornly high core inflation virtually cemented the likelihood of a quarter percentage point cut from the Federal Reserve, which historically has avoided larger moves unless absolutely necessary. Shelter inflation is putting a floor under the CPI and likely keeping the Fed from reducing interest rates by more 25 basis points. "History back to 1990 supports the idea that an initial Fed rate cut of 50 basis points signals an imminent recession (2001 and 2007). "Their first cut will almost certainly be 25 basis points," Colas said. But the Fed, which targets inflation at 2%, prefers core readings as a better longer-term gauge for inflation.

Persons: Dow Jones, —, Nick Colas, Jerome Powell, Colas, That's Organizations: Federal Reserve, Labor Department, CPI, Fed, Traders, Open Market, PCE

☆ Harris bests Trump in debate, but there’s no guarantee it will shape the election
▼ + stars: | 2024-09-11 | by ( Stephen Collinson | ) edition.cnn.com time to read: +17 min

Harris and Trump didn't interact after the debate ended Saul Loeb/AFP/Getty Images Trump speaks during the debate. Chip Somodevilla/Getty Images Trump supporter Pat Tuttle watches the debate from Jonathan's Grille in Nashville, Tennessee. Saul Loeb/AFP/Getty Images Harris averages 49% support across recent polls while Trump stands at 48% in the latest CNN Poll of Polls . Matthew Hatcher/AFP/Getty Images Trump and Harris shake hands at the start of the debate. Harris introduced herself by name and said, “Let’s have a good debate.” Trump responded: “Nice to see you.

Persons: Donald Trump, Kamala Harris, strode, Harris, Trump, Mike Tyson’s, ”, didn’t, Joe Biden, David Muir, Linsey Davis, Michael Le Brecht, Sean Hannity, CNN's Kaitlan Collins, Collins, Chip Somodevilla, Douglas Emhoff, Saul Loeb, Alex Brandon, Pat Tuttle, George Walker IV, Sen, John McCain, Tristen Rouse, CNN Trump, Win McNamee, Adam Gray, Doug Mills, CNN Harris, peppering, Sheena Carey, Morry Gash, he’d, “, ” Trump, Christine Rogers, Matthew Hatcher, ” Saul Loeb, Roberto Schmidt, Andrew Thomas, Robert F, Kennedy Jr, Kennedy, Jim Lo Scalzo, Anthony Scaramucci, Olivia Troye, Matt Rourke, Hannah Beier, Lilly, Evelyn Hockstein, Matt Slocum, Kenny Holston, don’t, George W, Bush, it’s, they’ve, There’s, Biden, Taylor Swift, Tim Walz, Harris didn’t, unaccountably, JD Vance, Barack Obama’s, she’s, Viktor Orban, Trump’s, hadn’t, Vladimir Putin, “ You’re, you’re Organizations: CNN, ABC News Trump, Fox News, National Constitution Center, Getty, Trump, Pennsylvania Convention Center, Images, Affordable, People, Nasdaq, New York Times, Bloomberg, AP, AP Trump, Philadelphia International Airport, AFP, Philadelphia City Hall, Former Trump, Reuters, ABC, Force, White, Central, Five, Biden Locations: America, Philadelphia, Pennsylvania, Nashville , Tennessee, Washington ,, New York, Milwaukee, United States, AFP, Afghanistan, –, Hungarian, Ukraine, Russia

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