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☆ Minneapolis housing program and Kentucky sheriff accused of killing judge: Morning Rundown
▼ + stars: | 2024-09-20 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +9 min

A Minneapolis program might offer a solution to the housing shortage. A Kentucky sheriff is expected to be charged with murder in the fatal shooting of a district judge. One city’s secret to fixing housing: Build moreRoughly five years into a program in Minnesota aimed at adding to the housing supply, Minneapolis Mayor Jacob Frey says "the results speak pretty clearly for themselves." 🏡 The housing stock in Minneapolis grew 12%, compared to 4% statewide between 2017 and 2022, according to a Pew Research report. Minneapolis’ program offers potential solutions to address housing supply and affordability.

Persons: Trump, Harris, Jacob Frey, ected to Organizations: Minneapolis Locations: Minneapolis, Kentucky, Minnesota

☆ Miami man among 2 charged in $230 million cryptocurrency theft and laundering scam
▼ + stars: | 2024-09-20 | by ( Nbc South Florida | The Staff Of Nbc South Florida. | ) www.nbcnews.com time to read: +1 min

A Miami man is facing charges after authorities said he teamed up with a California man in a scam to steal and launder over $230 million in cryptocurrency. It appears the arrest is connected with an FBI raid of a waterfront home in the area of Northeast 83rd Street and N. Bayshore Drive. After they fraudulently gained access to victims’ cryptocurrency accounts, they transferred the funds into their possession and laundered the proceeds, authorities said. Lam and Serrano spent the laundered cryptocurrency proceeds on international travel, partying in nightclubs, luxury automobiles, watches, jewelry, designer handbags, and rental homes in Los Angeles and Miami, authorities said. Prosecutors said the investigation into the scam is ongoing.

Persons: cryptocurrency . Malone Lam, Jeandiel Serrano, Anne Hathaway ”, Serrano, ”, Lam, Prosecutors Organizations: FBI, Attorney’s, District of Columbia Locations: Miami, California, cryptocurrency ., Los Angeles, U.S, Northeast, Lam, Singapore

Anna Sebastian Perayil died in July, four months after joining the Pune office of Ernst & Young, one of the “Big Four” accounting firms. In a LinkedIn post on Thursday, Ernst & Young India chairman Rajiv Memani acknowledged Augustine’s letter and said he was “deeply saddened” by what had happened. “This is a systemic issue that goes beyond individual managers or teams,” Augustine wrote. So for many on social media, Perayil’s death was also an indictment of the broader work culture in India, where young job seekers face fierce competition. “Like many in her position, she did not have the experience or the agency to draw boundaries or push back against unreasonable demands,” Augustine wrote.

Persons: Anna Sebastian Perayil, Ernst & Young, Anita Augustine, “, ” Augustine, ”, Young, Ernst, Rajiv Memani, ” Memani, Shobha Karandlaje, Perayil, Augustine, Narayana Murthy Organizations: Pune, Ernst, NBC News, Young, Indian Express, Deloitte, KPMG, PricewaterhouseCoopers, World Bank, International Labor Organization, Infosys, LinkedIn Locations: India, Indian, Japan, South Korea, China

This is an age group that may be particularly vulnerable if they haven’t received a whooping cough booster since childhood. The state has logged 111 whooping cough cases this year so far, compared with just 11 in 2023. Last weekend, Portland State University canceled a football game following a surge in whooping cough cases among players. The whooping cough can spread that bacteria through their coughs for a long time if not treated. “Those babies are coughing so much they can’t eat, they can’t drink, so they end up in the intensive care unit.”When to get whooping cough vaccines and boostersPregnant women are encouraged to get a whooping cough booster during their third trimester.

Persons: ”, Tina Tan, That’s, Doctors, there’s, Jim Conway, We’ve, they’re, ” Tan, ” Conway, “, Andrew Carlson, Andi Shane, Karen Ravin, —, ” Shane Organizations: Infectious Diseases Society of America, Centers for Disease Control, Prevention, CDC, UW Health, Wisconsin Department of Health Services, Connecticut, Duke University School of Medicine, Children’s National Hospital, Washington , D.C, NBC News, Children’s Healthcare, Portland State University Locations: Madison , Wisconsin, Connecticut, Hartford, North Carolina, Washington ,, Georgia, Atlanta, Philadelphia, Nemours Children’s Health, Delaware

“If we’re going to put up affordable housing, we don’t just want to house one family. We want to house five or six or eight or 25 families,” said Minneapolis Mayor Jacob Frey, who has overseen the Minneapolis 2040 plan. Trump campaign national press secretary Karoline Leavitt blamed the higher housing costs on the current administration’s policies, as well as an “unsustainable invasion of illegal aliens.” The campaign broadly said Trump’s housing plan involves freeing up federal land for housing and cutting regulations. Walz, whom Frey said was “committed to the mission” on affordable housing, signed the measure into law in May. We also need to have more active state, local and federal government policies that look to support the housing market.”

Persons: ”, Minneapolis Mayor Jacob Frey, Ben Brewer, Donald Trump, Kamala Harris, Harris, Tim Walz, Karoline Leavitt, It’s, Frey, Hennepin, Ryan Allen, “, ” Allen, Cody Fischer, ” Fischer, ” Jeremy Wieland, Wieland, didn’t, it’s, ” Wieland, Fischer, ’, Walz, University of Minnesota’s Allen, that’s Organizations: National Association of Realtors, Minneapolis Mayor, Currie, Bloomberg, Getty, Minnesota Gov, Trump, Pew Research, NBC, Ford Motor Co, Minn, University of Minnesota, Minneapolis, California Bay Area, Minnesota Environmental, Minnesota Supreme, University of Minnesota’s Locations: MINNEAPOLIS, United States, Minnesota, Minneapolis, U.S, Harrison, Hennepin County, St, Paul, California Bay, San Francisco, Oakland, ”, Northeast Minneapolis, “

☆ Oil prices set to end week higher after U.S. rate cut
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: +1 min

Oil prices, which were little changed in early Asian trade on Friday, were on track to end higher for a second straight week following a large cut in U.S. interest rates and declining global stockpiles. Brent futures , which were trading 19 cents or 0.3% lower at $73.69 a barrel at 0027 GMT on Friday, gained 4.3% this week. The U.S. central bank cut interest rates by half a percentage point on Wednesday. Weak demand from China's slowing economy was weighing on prices, with refinery output in China slowing for a fifth month in August. China's industrial output growth also slowed to a five-month low last month, and retail sales and new home prices weakened further.

Persons: Brent Organizations: Citi Locations: Brent, U.S, China

☆ ‘Panda Dogs’: Chinese zoo in Guangdong goes viral for luring visitors with painted Chow Chows
▼ + stars: | 2024-09-20 | by ( Alex Stambaugh | ) edition.cnn.com time to read: +1 min

CNN —A zoo in China has admitted its star attraction, two so-called pandas, are just painted dogs. The fluffy Chow Chow dogs painted to resemble the country’s beloved national animal were seen in a video shot by a visitor to the zoo in southern Guangdong province. “These are Chow Chow dogs being painted (as pandas), as this is part of our specialties.”Visitors to a zoo in China's southern Guangdong province feed a Chow Chow dog painted to resemble a panda. DouyinThis is not the first time dogs have been painted to look like pandas or other wild animals in China. In May, a zoo in eastern Jiangsu province sparked outrage after visitors discovered it painted two dogs black and white to resemble pandas.

Persons: Chow Chow, surnamed Huang, ”, Chow Organizations: CNN Locations: China, Guangdong, Douyin, Sichuan, Jiangsu, Chengdu

☆ Bank of Japan keeps key interest rate steady as it treads cautiously on normalizing policy
▼ + stars: | 2024-09-20 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

The Japanese flag flutters over the Bank of Japan (BoJ) head office building (bottom) in Tokyo on April 27, 2022. The Bank of Japan kept its benchmark interest rate steady at "around 0.25%" — the highest rate since 2008 — at the conclusion of a two-day meeting Friday. Japan's economy has recovered moderately, the central bank said in its official statement, while acknowledging "some weakness has been seen in part." BOJ Governor Kazuo Ueda said last month that the central bank would continue to raise interest rates if the economy and inflation stayed in line with the central bank's projection. On Thursday, The U.S. Federal Reserve cut interest rates by 50 basis points to a range of 4.75% to 5.0%.

Persons: BOJ, Kazuo Ueda Organizations: Bank of Japan, The Bank of Japan, Nikkei, U.S . Federal Reserve Locations: Tokyo

☆ '4-8 trillion RMB' needed in the hands of Chinese consumers to stimulate the economy: Barclays
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'4-8 trillion RMB' needed in the hands of Chinese consumers to stimulate the economy: BarclaysAjay Rajadhyaksha of Barclays breaks down the problems facing the Chinese economy and says that the government and central bank will continue to "muddle along" in trying to boost the country's economy.

Persons: Barclays Ajay Rajadhyaksha Organizations: Barclays

☆ Stocks making the biggest moves premarket: FedEx, Chewy, Trump Media and more
▼ + stars: | 2024-09-20 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Lennar — The homebuilding stock slipped 3% despite beating analysts' expectations for its fiscal third quarter. Trump Media & Technology Group — Shares traded nearly 5% lower as selling restrictions on former President Donald Trump and other early investors ended. PepsiCo — The snacks and beverage stock slipped 1% following a downgrade at Morgan Stanley to equal weight from overweight. ASML — Shares slipped 2% after Morgan Stanley downgraded the semiconductor manufacturer to equal weight from overweight. Aptiv — Shares of the automobile technology supplier rose more than 1% after an upgrade to overweight from equal weight at Wells Fargo.

Persons: John Donahue, Elliott Hill, Lennar, LSEG, Donald Trump, MillerKnoll, Tesla, Morgan Stanley, Lee Simpson, Piper Sandler, Chewy, Buddy Chester, CNBC's Michelle Fox, Sarah Min, Jesse Pound, Samantha Subin Organizations: Nike —, FedEx —, Trump Media & Technology, —, Constellation Energy, Microsoft, — Auto, Mercedes, General Motors, PepsiCo, Contessa Pharmaceuticals, Valero Energy Locations: China, Wells Fargo

☆ Europe automaker shares slump after Mercedes becomes latest to cut 2024 guidance
▼ + stars: | 2024-09-20 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

An employee does final inspections on a Mercedes-Benz C-Class at the Mercedes-Benz US International factory in Vance, Alabama. Mercedes shares fell more than 8% Friday after becoming the latest carmaker to cut its guidance this year as sluggish demand in China and trade disputes weigh on the sector. Shares pared losses slightly to trade 6.9% lower as of 9:40 a.m. London time. "This affected the overall sales volume in China including sales in the Top-End segment. Overall, the sales mix in the second half of 2024 is expected to remain unchanged versus the first half, and therefore weaker than originally expected," the company said.

Persons: Mercedes Organizations: Benz, Mercedes, Benz US International, Volvo, BMW, Continental Locations: Vance , Alabama, China, London

☆ Apple iPhone 16, Apple Watch Series 10 and AirPods 4 debut around the world
▼ + stars: | 2024-09-20 | by ( Todd Haselton | ) www.cnbc.com time to read: +3 min

In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNTwatch nowApple on Friday greeted customers at its stores around the world for the debuts of the iPhone 16, Apple Watch Series 10 and AirPods 4. The software advancements will only be available on iPhone 16 and last year's iPhone 15 Pro devices. A view of Apple's new iPhone 16 at an Apple Store on the Regent Street in London, United Kingdom on September 20, 2024. Last year, UBS wrote, customers had a 41-day wait time for some iPhone 15 Pro Max preorders compared to a 26-day wait time for the iPhone 16 Pro Max this year. Devices of the new Apple Watch Series 10 model are on display after the presentation at Apple headquarters.

Persons: Siri, Rasid, Chi Kuo, shouldn't overreact, Max preorders, Max, Andrej Sokolow Organizations: Apple, Apple Intelligence, Anadolu, Getty, TF Securities Analyst Ming, Barclays, JPMorgan, Bank of America, UBS, Pro Locations: New York City, London, United Kingdom, China

☆ Why EU tariffs are unlikely to dent Chinese EV makers' European expansion
▼ + stars: | 2024-09-20 | by ( Sonia Heng | In Sonia-Heng | ) www.cnbc.com time to read: +2 min

To make the European market unattractive for Chinese EV exporters, tariffs have to be as high as 50%, according to research group Rhodium. watch nowHe pointed out that the EU's tariffs were not as severe as those announced by North America because European and Chinese original equipment manufacturers are heavily interconnected. "It is a delicate balance to promote domestic European production without severely impacting their Chinese operations," McCabe said. Chinese EV makers are coming up with newer, cheaper offerings even as the EU strives to curtail imports via tariffs. At a conference in May this year, Chinese behemoth BYD announced its Dolphin model to the European market at less than $21,550.

Persons: Joseph McCabe, McCabe, behemoth BYD Organizations: Auto, Visual China, Getty, SAIC, EV, AutoForecast Solutions, U.S, Canada, EU, United Kingdom ., Tesla, Volkswagen Locations: Shenyang, Liaoning Province of China, Europe, BYD, North America, United Kingdom, China

☆ China unexpectedly leaves benchmark lending rates unchanged after Fed's jumbo cut
▼ + stars: | 2024-09-20 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

China on Friday kept its main benchmark lending rates unchanged at the monthly fixing. The People's Bank of China (PBOC) said it would keep the one-year loan prime rate (LPR) at 3.35%, as well as the five-year LPR at 3.85%. The one-year LPR affects corporate and most household loans in China, while the five-year LPR acts as a benchmark for mortgage rates. Urban jobless rate rose to a six-month high, while year-on-year home prices fell at their fastest pace in nine years. Bank of America lowered their forecast for China's 2024 GDP growth to 4.8%, and Citigroup trimmed their projection to 4.7%.

Organizations: Reuters, People's Bank of China, Bank of America, Citigroup Locations: People's Republic of China, China

☆ We expect to keep policy rate at 4.5% until end of the year, Norway central bank chief says
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect to keep policy rate at 4.5% until end of the year, Norway central bank chief saysNorges Bank Governor Ida Wolden Bache discusses the decision to hold interest rates in September.

Persons: Norges Bank Governor Ida Wolden Bache Organizations: Norges Bank Governor Locations: Norway

☆ The good, bad, and ugly of life after rate cuts
▼ + stars: | 2024-09-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +1 min

You can sign up for Business Insider's daily newsletter here. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: —, Jerome Powell Organizations: Business, Service

☆ John Banuelos: What to know about the Jan. 6 shooter arrested three years later
▼ + stars: | 2024-09-20 | by ( Thomas Lake | ) edition.cnn.com time to read: +33 min

He was still at large in July 2021, when he took part in a fight in Salt Lake City that left another man dead. He’d been living in a park in downtown Salt Lake City, and he’d decided to cook for his hungry new friends. The Salt Lake City Police Department also declined, even though its investigation into Senn’s death was complete. In recent years he appeared to split his time between Chicago and Salt Lake City. Mark Peterson/ReduxReturning to Salt Lake City by unknown methods, Banuelos resumed his frequent appearances in local police reports.

Persons: John Banuelos, ” “, ” — Derrick Evans, Banuelos, Christopher Senn, Victoria Thomas, “ Chris, ”, John, he’s, he’d, Chris Senn, John Banuelos Long, Chris, Chris ’, Gabe Hamilton, Thomas, Taylorsville, ” Christopher Senn, Victoria Thomas Chris, they’re, Randall, Talisha, Toro, “, ” Victoria, …, vaping, ” Banuelos, Michael Lawlor, George Floyd, Trump’s, I’m, Donald Trump, Mark Peterson, ‘ He’ll, ’, Senn, ‘ I’m, FBI hasn’t, John Banuelos “, Steven Parisot, Det, Weldon Wilson, ” Parisot, ” Wilson, Banuelos wasn’t, Sim Gill, … He’s, Gill, Rick Bowmer, ” Gill, that’s, “ Banuelos, Gary Wickersham, Rebecca Lavrenz, Grandma, Lavrenz, —, Derrick Evans, who’d, Evans, Will Price, ” Evans, “ …, hadn’t, Tanya Chutkan, Chutkan, Judge Chutkan, Trump, He’d, ” Chutkan, “ I’ve, Lawlor, ” Lawlor, ” Victoria Thomas, Victoria, Christopher Senn's, Victoria Thomas “, — Victoria Thomas, ” Randall Organizations: CNN, Capitol, FBI, Banuelos, Chicago Police Department, Independence, Salt Lake City —, U.S, Attorney’s, District of Columbia, Salt Lake City Police Department, DC, Federal Bureau of Prisons, Salt Lake City . Chicago Police Department, Police, U.S . Capitol, TRUMP, Trump, Salt Lake City, National Threat Operations Center, Vice News, Liberty, ” Police, KUTV, KSL, NBC, Army, Congress, West Virginia House, West, West Virginia Legislative, Justice Department Locations: Salt Lake City, Senn, Illinois, Liberty, Utah, Randall’s, Victoria, Salt Lake, Chicago, Burger, Washington, Banuelos, Salt Lake County, Colorado, West Virginia, ”, Salt, Valley, Provo , Utah

☆ I avoided paying for day care when I was a single mom. It was hard, but I'm glad I did it.
▼ + stars: | 2024-09-20 | by ( Ashley Archambault | ) 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. When I had my son, I was determined to avoid putting him in day care while I worked. It wasn't just that I didn't love the idea, but as a single mom, I would never have been able to make enough money to make day care make sense. I knew that all my money would have gone right to paying for it. But I was a single mom without much willing help from family members, so I had to get creative.

Organizations: Service

☆ Yen nurses losses as BOJ meets, dollar dogged by rate outlook
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: +3 min

Japanese 10,000 yen, left, and US 100 dollar banknotes arranged for a photograph in Tokyo, Japan, on Friday, May 10, 2024. It has been a tough week for the yen, with the euro gaining 2.2% to 159.46 as speculators booked profit on recent long yen positions. The dollar was up 1.4% for the week at 142.84 yen , though off an overnight high of 143.95. "As such, there is scope to further raise the policy rate while keeping financial conditions accommodative," she said. "The recent financial market ructions and the upcoming Liberal Democratic Party election may make the BOJ more cautious about raising."

Persons: Samara Hammoud, Kazuo Ueda, Sterling Organizations: Bank of, U.S ., CBA, 25bp, Liberal Democratic Party, U.S Locations: Tokyo, Japan, Bank of Japan, Samara, China, U.S . Federal, Bank of England

Read previewNikki, a recent college graduate, has been struggling to find a job after completing her degree in biochemistry this year. While a cooling job market has made it harder for Americans of all ages to find work, young college grads are among the groups being hit the hardest. This means young college grads have been more likely to be unemployed than the broader population, even as the job market has returned to a more normal post-pandemic state over the past two years. "If you don't have a job, if you're a new grad, finding a job is actually unusually difficult." AdvertisementAre you a recent college graduate who's struggling to find a job?

Persons: —, Nikki, She's, Zers, grads, Julia Pollak, Pollak, Gen Zers, that's, Nick Bunker, who's Organizations: Service, Business, Federal Reserve Bank of New, LinkedIn, Federal Reserve Locations: Federal Reserve Bank of New York

☆ Buffalo Bills fans can buy bonds to finance the team's new stadium
▼ + stars: | 2024-09-20 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +2 min

Josh Allen, #17 of the Buffalo Bills, warms up prior to an NFL game against the Miami Dolphins at Hard Rock Stadium in Miami Gardens, Florida, on Sept. 12, 2024. It won't be an ordinary "Monday Night Football" gameday for Buffalo Bills fans next week. Erie County, where Buffalo sits, is selling the bonds to help fund half the $250 million it agreed to put up for the new stadium. The new stadium will be owned by the Erie County Stadium Corporation and the Bills will pay rent. The Buffalo Bills are 2-0 this season and take on the winless Jaguars on Monday night.

Persons: Josh Allen, Kevin Hardwick, Hardwick Organizations: Buffalo Bills, NFL, Miami Dolphins, Jacksonville Jaguars, Bills, Retail, Investments, CNBC's Official NFL, National Football League, Kansas City Chiefs, Erie, Stadium Corporation Locations: Miami Gardens , Florida, Orchard Park, Buffalo, Erie County, New York, Erie

I think they understand that he's so transactional and so devoid of core values that anything that they want they can manipulate him to get," Cuban said of Silicon Valley backers of Trump. It's unclear what business Cuban is referring to. Related storiesTo be sure, this isn't the first time Cuban has speculated on his Silicon Valley peers' motivations for backing Trump. But after digging into Trump's business records, Cuban said he changed his mind. "I just think he was and would be a lousy president," Cuban wrote.

Persons: —, Cuban, Donald Trump, Brian Tyler Cohen, Trump, Cohen, Elon Musk, Musk, It's, Jon Stewart, They've, Stewart, Cuban's, Kamala Harris, Roy Cohn, McCarthy, Vivek Ramaswamy, Mike Pence, Axios, Joe Biden Organizations: Service, Business, Trump, Cuban, bros, Republican, Trump University Locations: Silicon Valley, Silicon, Cuban, Springfield , Ohio

☆ The US economy could get hit by a double whammy on September 30, if 2 major negotiations are not hammered out
▼ + stars: | 2024-09-20 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

Read previewSeptember 30 could be a consequential day for the US economy if two major negotiations don't get hammered out in time. Congress must pass a stopgap spending bill by the last day of this month to avoid a partial government shutdown. September 30 is also the deadline for the International Longshoremen's Association and several East Coast and Gulf Coast ports to strike a contract. A government shutdownThe rejection of Johnson's plan on Wednesday ratcheted up tensions in Congress as the September 30 deadline draws ever nearer. This would pause the strike while negotiations continued.

Persons: —, there's, Mike Johnson, Johnson, There's, Donald Trump, Mitch McConnell, Joe Biden, Taft, Hartley Organizations: Service, International Longshoremen's Association, Business, GOP, United States Maritime Alliance, Street, White House, Washington Post, Street Journal, Social Security, Medicare, Congressional, Office, International Longshoremen's, Retail Industry, Association Locations: East Coast, Gulf Coast, Maine, Texas, West Coast, RILA

☆ Elon Musk says the FAA should make Boeing pay for putting the Starliner astronauts at risk, not fine SpaceX 'for trivia'
▼ + stars: | 2024-09-20 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Read previewElon Musk said the Federal Aviation Administration (FAA) should punish Boeing for its Starliner failures rather than impose "petty" fines on SpaceX. In a Thursday X post, Musk expressed his displeasure with the FAA's proposed $633,009 fine for SpaceX. "NASA deemed the Boeing capsule unsafe for astronaut return, turning, out of necessity, to SpaceX, yet instead of fining Boeing for putting astronauts at risk, the FAA is fining SpaceX for trivia!" In his rebuke of the FAA and Boeing, Musk also reposted SpaceX's Wednesday letter to top congressional leaders. Representatives of SpaceX, Boeing and the FAA didn't immediately respond to a request for comment from Business Insider, sent outside business hours.

Persons: —, Elon Musk, Musk, Marc Nichols, He's, Donald Trump's, DOGE —, Butch Wilmore, Suni Williams Organizations: Service, Federal Aviation Administration, FAA, Boeing, SpaceX, Business, NASA, Trump, Boeing Starliner, Station, Starliner, Polaris Locations: American, New Mexico

"The two leaders will highlight a half century trajectory of UAE-U.S. partnership in trade, investment and security," the Emirati ambassador to Washington, Yousef al-Otaiba, posted on X ahead of the visit. Growing investment tiesTrillion-dollar relationshipThe United States and the UAE have a trade and investment partnership that spans more than five decades. In 2023, bilateral trade between the UAE and the U.S. was worth around $31.4 billion, with U.S. exports to the UAE exceeding $24.8 billion, according to the UAE Embassy in Washington, D.C. The UAE, which produces nearly 4% of the world's oil supply, also has investments in the United States that total $1 trillion. The UAE sovereign wealth funds including the Abu Dhabi Investment Authority and Mubadala are major investors in American real estate, infrastructure and technology sectors.

Persons: Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince, Abu, Hannah McKay, Sheikh Mohammed bin Zayed Al Nahyan's, Anwar Gargash, Sheikh Mohammed's, Joe Biden, Kamala Harris, Gargash, Yousef al Organizations: Downing, Getty, United Arab Emirates, Washington , D.C, U.S, UAE, UAE Embassy, Abu, Abu Dhabi Investment Authority Locations: Abu Dhabi, London, England, United States, Washington ,, Dubai, Gaza, UAE, Washington, U.S

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