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☆ Eyeing U.S. election, China considers over $1.4 trillion in extra debt over next few years, Reuters reports
▼ + stars: | 2024-10-30 | by ( ) www.cnbc.com time to read: +4 min

The 6-trillion-yuan worth of debt would be raised over three years including 2024, said the sources, adding the proceeds would primarily be used to help local governments address off-the-books debt risks. Local governments would be allowed to raise that amount on top of their usual annual issuance quota, which mainly funds infrastructure spending. The quota stood at 3.9 trillion yuan this year and 3.8 trillion in 2023. The latest move is aimed at enhancing local governments' ability to manage land supply, and alleviate liquidity and debt pressures on both local governments and property developers, they added. Special-purpose bonds are a tool for off-budget debt financing used by Chinese local governments, with the proceeds raised typically earmarked for specific policy objectives, such as infrastructure expenditures.

Persons: Stringer, Donald Trump, it's, Tommy Xie, Trump, Kamala Harris Organizations: Afp, Getty, National People's Congress, Reuters, Information, NPC, Greater, Greater China Research, OCBC Bank, U.S, Trump, Republican, Democratic Locations: Chongqing, China, Beijing, Greater China

☆ U.S. dollar rally pauses before jobs data, Aussie droops on RBA outlook
▼ + stars: | 2024-10-30 | by ( ) www.cnbc.com time to read: +4 min

An Australian one dollar coin sits atop a United States one dollar bill in this illustration photo taken February 12, 2016. The dollar hovered close to a three-month peak on Wednesday in a big week for macroeconomic data that could reveal the path for U.S. monetary policy. The Australian dollar edged closer to a three-month trough after some stickiness in inflation suggested a Reserve Bank of Australia interest rate cut is unlikely this year. The ADP employment report is due later in the day, ahead of the potentially crucial monthly payrolls report on Friday. "The U.S. dollar continues to garner strong support as markets adjust their rate path expectations," said James Kniveton, senior corporate FX dealer at Convera.

Persons: James Kniveton, Kniveton, Donald Trump, Rachel Reeves, Keir Starmer, Liz Truss Organizations: Reserve Bank of Australia, Federal Reserve, U.S ., Reserve Bank, Australia's, U.S, Treasury, Republican, European Central Bank, Sterling, Labor Locations: States, U.S, Australia, Europe

Kelley was originally freed pending trial on his Jan. 6 charges but was then re-arrested in an alleged murder plot in December 2022. His defense team did not put forth any witnesses during his trial, and Kelley himself declined to testify. Online, Kelley used an encrypted email with the handle "chaos_continues" to make some of his purchases, Mann testified. Kelley, in a gas mask, at the Capitol on Jan. 6, 2021, according to the FBI. More than 1,500 people have been charged in connection with the Jan. 6 attack on the Capitol, and prosecutors have secured more than 1,100 convictions.

Persons: WASHINGTON, Donald Trump, Edward Kelley, Kelley, Austin Carter, “, Carter, Trump, —, Trump rioter, John Emanuel Banuelos, Jessi Mann, Kelley's sweatshirt, Mann, Colleen Kollar, Eugene Goodman, Goodman, Mike Pence, Patrick C, Holvey Organizations: U.S . Capitol, Federal Bureau of, Planned, Capitol, FBI, Prosecutors, Conservative, ., NBC, USDCDC Prosecutors, U.S, Capitol Police, Electoral Locations: Tennessee, Washington, Kelley's, British

☆ Report details St. Louis high school gunman's struggle with mental health before 2022 shooting
▼ + stars: | 2024-10-29 | by ( Minyvonne Burke | Ava Kelley | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +6 min

St. Louis police on Monday released a detailed report about a 2022 school shooting that left a student and teacher dead, publicly revealing for the first time the gunman’s struggle with his mental health and hospitalizations over suicide attempts. The 456-page document also outlines concerns raised by Orlando Harris’ family and their attempts to get help. Students stand in a parking lot near the Central Visual & Performing Arts High School in St. Louis, on Oct. 24, 2022. Following the shooting, agents went to the storage unit and found it completely empty. During one session, Harris allegedly talked about shooting people at his old high school, the report says.

Persons: Louis, Orlando Harris, Tanya Ward, Harris, ” Harris, Jean Kuczka, Bell, David Carson, ABACA, Ward, “, Orlando H, “ Ward, Harris ’, wasn't, Hetal Patel, Patel, worthlessness, ” Patel Organizations: Louis police, Central Visual, Performing Arts High, Central Visual & Performing Arts High School, Louis Metropolitan Police Department, Authorities Locations: St, Orlando, Louis

They argue that Casey, a middle-of-the-road liberal, had previously not been at the forefront of the populist economic turn in both parties. Casey’s Senate website dedicates an entire page to “greedflation,” which he also discussed at length in his speech at the Democratic National Convention this summer. The core of Casey’s argument is the assertion that, from July 2020 to July 2022, corporate profits rose five times faster than overall inflation. I would concede the economy has gotten better,” said McCormick, who has run an ad to counter Casey on the topic. “If you’re living paycheck to paycheck, you’re still in the grind, and that’s what I think Bob Casey and Kamala Harris do not understand.

Persons: Sen, Bob Casey, “, Casey, “ greedflation, ”, Mike Mikus, ” Dave McCormick, I’m, they’re, they’ve, “ greedflation ”, Joe Biden, Kellogg’s, Clark, Proctor, McCormick, ” Sen, Raphael Warnock, Donald Trump, Maria Collett, greedflation ”, “ It’s, ‘ greedflation, Biden’s, Kamala Harris, Harris, pollsters, you’re Organizations: GOP, Democratic, Republican Senate, Federal Trade Commission, Senate, Gamble, Disney, Convention, Federal Reserve Bank of Kansas, NBC, San Francisco Federal Reserve, The Washington Post, Republican, NBC News, Republicans, ” “, Federal Reserve Locations: ”, Pennsylvania, Haverford Township, Kimberly, Federal Reserve Bank of Kansas City, U.S

☆ Japan’s iconic Mount Fuji has yet to see snow this winter, breaking a 130-year record
▼ + stars: | 2024-10-29 | by ( Helen Regan | ) edition.cnn.com time to read: +4 min

CNN —November is just a few days away, but Japan’s iconic Mount Fuji remains snowless, marking the latest date without a snowcap since records began 130 years ago. The lack of snow as of October 29, beats the previous record of October 26, set in 1955 and 2016, he said. This aerial view shows climbers lining up to take a photo on the Kengamine summit of Mount Fuji on August 10, 2024. The unusual October heat Japan experienced was made three times more likely because of the climate crisis, Climate Central found. Straddling Japan’s Yamanashi and Shizuoka prefectures, the 3,776-meter Mount Fuji is a UNESCO World Heritage site and an icon of Japan.

Persons: Snowcaps, Shinichi Yanagi, Stringer Organizations: CNN, Mount, Fuji, NHK, Meteorological Office, Meteorological Agency, Mount Fuji, Kyodo, Climate, Northern, UNESCO Locations: Kofu, Japan, Mount, Central, Yamanashi, Shizuoka, overtourism

☆ As a child, he was kicked out of Macao’s grand Hotel Central. Now he’s the owner
▼ + stars: | 2024-10-29 | by ( Maggie Hiufu Wong | Jane Sit | ) edition.cnn.com time to read: +8 min

Fast forward to 2024 and Sio could recently be found cutting the ribbon to officially reopen the 96-year-old Hotel Central as its new owner. Hotel Central, formerly named the President Hotel, opened a few years later and became a key feature of the neighborhood. Simon Sio, pictured, grew up across from Macao's Hotel Central. Hotel Central was the first hotel in Macao to install an elevator. Courtesy Lek Hang GroupThe newly renovated Hotel Central has 114 rooms with a retro interior design inspired by the 1920s, 1930s and 1940s.

Persons: “, I’d, Ribeiro, Ma Lo, ”, San Ma Lo, Simon, hasn’t Organizations: CNN, Hang, Avenida, Hotel Central, Macao's Hotel, Central, UNESCO, Hotel, MGM Locations: Macao, –, Portuguese, Central, Ma, Hotel, San Ma, China, Barra

☆ Catholic Church still failing to ensure clerical abuse is reported, Pope Francis’ commission says
▼ + stars: | 2024-10-29 | by ( Antonia Mortensen | Christopher Lamb | ) edition.cnn.com time to read: +2 min

CNN —Parts of the Roman Catholic Church are still failing to ensure clerical sexual abuse is reported adequately, Pope Francis’ commission for child protection said Tuesday, raising concerns about a “lack of transparency” in the Vatican’s handling of cases. “At times, the commission found a troubling lack of reporting structures and victim/survivor accompaniment services,” the report said. “The commission found a persistent concern regarding the transparency in the Roman Curia’s (the church’s central administration) procedures and juridical processes. The commission notes that this will continue to foment distrust among the faithful, especially the victim/survivor community,” it added. Francis asked the commission two years ago to produce an annual report on child protection initiatives which he wanted to help bring “transparency and accountability” on abuse.

Persons: Pope Francis ’, “, Maud de Boer, Francis, ” Organizations: CNN, Roman Catholic Church, Pontifical Commission, Minors, UN Locations: Papua New Guinea, Solomon Islands, Cameroon

☆ Hezbollah named its new leader, a long-serving deputy, after Israel killed his predecessor
▼ + stars: | 2024-10-29 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +3 min

Hezbollah on Tuesday named Naim Qassem as its chief after longtime leader Hassan Nasrallah was killed. AdvertisementHezbollah announced a new leader, Naim Qassem, after Israel killed both its longtime chief, Hassan Nasrallah, and the person who had been expected to succeed him. He was the deputy leader of the Lebanon-based militant group, and had been for decades. Qassem helped found Hezbollah in the 1980s and was first made its deputy leader in 1991 under Abbas al-Musawi. AdvertisementHe did not take over as leader when al-Musawi was killed in 1992, and remained deputy all through Nasrallah's 32-year stint.

Persons: Naim Qassem, Hassan Nasrallah, Qassem, —, Israel, Abbas, Musawi, Nasrallah, Hashem Safieddine, Safieddine Organizations: NBC, Service, NBC News, Amazon, US, US Department of State, Middle East Media Research, The United Nations Development Program Locations: Lebanon, Beirut, Qassem, Israel, America, Lebanese

☆ 10-year Treasury yield rises above 4.3% as investors look to key data
▼ + stars: | 2024-10-29 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was up by over 2 basis points at 4.304%. The 2-year Treasury yield was last up by less than 1 basis point at 4.146%. U.S. Treasury yields were higher on Tuesday, with the 10-year Treasury yield continuing to trade at multi-month highs as investors looked to upcoming economic data. On Tuesday investors will be watching out for fresh consumer confidence insights and home price data as well as the latest JOLTS job openings figures. Those are the first of a series of labor market related data releases slated for the week.

Organizations: Treasury, U.S, Federal, Traders, Fed

☆ Super Typhoon Kong-rey (Leon) edges towards Taiwan, could sweep ‘almost the whole’ island
▼ + stars: | 2024-10-29 | by ( Kathleen Magramo | Eric Cheung | ) edition.cnn.com time to read: +3 min

CNN —Authorities in Taiwan are warning residents along its eastern coast to brace for the impacts Super Typhoon Kong-rey, which has rapidly intensified as it barrels towards the island after bashing the Philippines. Kong-rey, moving northwest over the Philippine Sea, reached super-typhoon strength on Wednesday, according to the Joint Typhoon Warning Center (JTWC). More than 6,000 first responders have also been put on standby to assist in response to the typhoon, according to the Central Emergency Operations Center. Two outlying islands of Taiwan, Green Island and Orchid Island, suspended work and classes on Wednesday, according the county government. As of Wednesday morning, Kong-rey continued to skirt the island’s north as it moved towards Taiwan.

Persons: Chu Mei, ” Chu, Chu, Krathon, Trami, Kristine, rey Organizations: CNN, Authorities, Typhoon Kong, Typhoon Warning, Central Weather Administration, Ministry of National Defense, Central Emergency Operations Center Locations: Taiwan, Typhoon, Philippines, Kong, Philippine, Taitung, Taipei, Green, Luzon, Leon

☆ China launches new lending tool before year-end loan expiry
▼ + stars: | 2024-10-29 | by ( ) www.cnbc.com time to read: +2 min

A man looks at his smartphone as he walks past the People's Bank of China building on May 20, 2022 in Beijing. Despite taking effect on Monday, the PBOC did not mention the new tool in its open market operations statement. China's central bank launched a new lending tool on Monday to inject more liquidity into the market and support credit flow in the banking system ahead of the expiration of trillions of yuan in loans at the end of the year. Beijing is counting on massive financial stimulus announced in September to kick-start lending and investment, as a sharp property market downturn and frail consumer confidence weigh on investor confidence. "The central bank's choice to launch this new tool at this time is also expected to be a better hedge against the concentrated expiry of medium-term lending facility before the end of the year," the article added.

Persons: Xu Tianchen Organizations: People's Bank of, Economist Intelligence Unit, European Union, State, Shanghai Securities News Locations: People's Bank of China, Beijing, OMO, United States

☆ The Fed is likely to disappoint markets with just one more rate cut this year amid global inflation, BlackRock CEO says
▼ + stars: | 2024-10-29 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

BlackRock CEO Larry Fink says the Fed will cut rates just once more this year. The market sees two more 25 basis point cuts before the end of the year. AdvertisementThe Federal Reserve will disappoint markets by cutting interest rates just one more time in 2024, BlackRock CEO Larry Fink said. Fink said the Fed will likely cut interest rates by 25 basis points before the end of the year amid a rise in global inflation. The central bank kicked off its easing cycle with a jumbo 50 basis point cut last month.

Persons: Larry Fink, —, Fink, " Fink, we're, Goldman Sachs, Morgan Stanley Organizations: BlackRock, Fed, Service, Reserve, Infrastructure Investment, Jobs Act, U.S . Bureau of Labor Statistics, CNBC Locations: Riyadh, Saudi Arabia

☆ Lost Chopin music uncovered in ‘thrilling’ discovery
▼ + stars: | 2024-10-29 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

“He found it peculiar that he could not think of any waltzes by Chopin that matched the measures on the page,” reads the statement. “Chopin famously wrote in ‘small forms,’ but this work, lasting about one minute, is shorter than any other waltz by him,” adds the statement. “Extensive research points to the strong likelihood that the piece is by Chopin,” according to the statement. This research included analysis by paper conservators who found that the paper and ink match those that Chopin normally used. The discovery of an unknown piece of work by Chopin has not happened since the late 1930s, according to the museum.

Persons: Frédéric Chopin, Robinson McClellan, “, Chopin, “ Chopin, ”, ” McClellan, Jeffrey Kallberg, McClellan, Colin B, Bailey, Poland’s Organizations: CNN, Morgan Library & Museum, University of Pennsylvania Locations: New York City, Polish, Paris, France, Warsaw, Swiss

☆ Big Tech earnings drop this week. Here's what Wall Street is watching.
▼ + stars: | 2024-10-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +3 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Big Tech earnings start today, with roughly $12 trillion in market cap reporting over three days. Mark Zuckerberg hasn't shied away from saying his company will keep spending big on AI, and the market hasn't minded. Judging by Meta Connect 2024 and its CTO's comments , the tech giant wants to own the market for AI-powered wearables.

Persons: —, We'll, Insider's Kelly Cloonan, We're, Mark Zuckerberg hasn't, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Traders, Big Tech, Google, Nvidia, Meta, Microsoft, AWS, Apple, Apple Intelligence Locations: China, New York, London

☆ While investors are focused on Big Tech earnings, a homebuilder gives a dire warning
▼ + stars: | 2024-10-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

There could be trouble ahead for consumers and the economy if interest rates don't come down, the latest financial results from D.R. "While mortgage rates have decreased from their highs earlier this year, many potential homebuyers expect rates to be lower in 2025," he said in a statement . Horton year to date The rate for a 30-year fixed mortgage is currently 7%, according to Mortgage News Daily . Mortgage rates are tied to the yield on the 10-year Treasury note, which has recently spiked higher. For the fiscal fourth quarter that just ended, it reported earnings of $3.92 per share on revenue of $10 billion.

Persons: Horton, David Auld, LSEG Organizations: Wall, Mortgage News, Federal Reserve, Treasury, Toll, Pulte, KB, Home Locations: Arlington , Texas

☆ Jim Cramer says buy Stanley Black & Decker's post-earnings plunge 'aggressively'
▼ + stars: | 2024-10-29 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Stanley Black & Decker stock plunged Tuesday on the company's quarterly earnings release — a move Jim Cramer said investors should capitalize on. As the Federal Reserve continues to lower borrowing costs, activity in the housing market should pickup, boosting demand for Stanley Black & Decker's tools. "If you believe the rate cycle is coming, that's the stock to buy," Jim added. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Stanley Black & Decker power drills are displayed for sale at a Home Depot store in Colma, California.

Persons: Stanley Black, Jim Cramer, Jim, Decker, we're, Jim Cramer's, David Paul Morris Organizations: Federal Reserve, CNBC, Bloomberg, Getty Locations: U.S, Colma , California

☆ Rare fossil preserved in fool’s gold reveals newly identified 450 million-year-old species
▼ + stars: | 2024-10-29 | by ( Katie Hunt | ) edition.cnn.com time to read: +4 min

The striking fossil is a newly identified species of arthropod, a distant relative of modern-day horseshoe crabs, scorpions, and spiders, that slightly resembles a modern-day shrimp. Named Lomankus edgecombei, the arthropod is a remarkably bright golden color because it’s preserved in three dimensions by iron pyrite — a mineral better known as fool’s gold. Lead study author Luke Parry began examining the fossils when he was a postdoctoral researcher at the Yale Peabody Museum, where three of the specimens were held. courtesy Luke Parry/Yu Liu/Ruixin RanToday, there are more known species of arthropod than any other group of animals on Earth. “Sometimes we see fossils preserved as opals or quartz crystals, or in this case, fool’s gold,” Brusatte said.

Persons: it’s, Lomankus edgecombei, Greg Edgecombe, Luke Parry, Yu Liu, Ruixin, Parry, ” Parry, ‘, Steve Brusatte, ”, ” Brusatte, “ Organizations: CNN, Yale Peabody Museum, Yunnan University, paleobiology, University of Oxford, “, University of Edinburgh’s School of GeoSciences, Brusatte Locations: New York, Rome, China

☆ Over 90% of AWS's biggest data center customers are now using its homegrown Graviton chips, executive says
▼ + stars: | 2024-10-29 | by ( Eugene Kim | ) www.businessinsider.com time to read: +4 min

AWS's Graviton CPU chips are used by over 90% of its 1,000 largest data center customers. AWS's custom silicon strategy includes AI chips like Inferentia and Trainium. AdvertisementIn 2018, Amazon Web Services launched Graviton, its own line of homegrown central processing unit chips for data center servers. Big enterprises, such as Epic Games, Databricks, and Pinterest, are all major Graviton customers, he said. "We will absolutely continue to drive innovation in custom silicon as we have been doing for the past 10-plus years."

Persons: —, Rahul Kulkarni, Kulkarni, Graviton, James Hamilton, Bernstein, AWS's Kulkarni, Jassy Organizations: Service, Amazon Web Services, Intel, AMD, Epic, Annapurna Labs, Bernstein Research, AWS Locations: Israel

☆ US Air Force wildly overpaid Boeing by almost 8,000% for C-17 aircraft bathroom soap dispensers, Pentagon watchdog finds
▼ + stars: | 2024-10-29 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

The US Air Force majorly overpaid for C-17 spare parts, including bathroom soap dispensers, per a Pentagon watchdog. AdvertisementThe US Air Force overpaid for spare parts for a C-17 military transport aircraft manufactured by Boeing, according to a new watchdog report. The audit, which detailed cost issues with a variety of C-17 spare parts, blamed the overpayment on a lack of oversight by the Air Force. The C-17 is a workhorse for the Air Force and joint force, transporting troops and a variety of assets. US Air Force photo by Staff Sgt.

Persons: —, Brandon Vasquez, Cory D, Payne, Robert P, Storch Organizations: US Air Force, Pentagon, Service, Boeing, Air Force, Department of Defense, Spc, Defense Contract Management, Staff, Air

☆ The economy seems to be firing on all cylinders — but a veteran JPMorgan strategy chief says one underappreciated risk could cause a serious global slowdown
▼ + stars: | 2024-10-29 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Corporate earnings growth, productivity growth, and business fixed investment all seem to be headed in the right direction as well. Related storiesThese signals have given David Kelly, JPMAM's chief global market strategist, great confidence. Such tariffs would cause "seismic shocks to the US economy," Tom Orlik, the chief economist at Bloomberg Economics, said earlier this month. Charles Schwab global investment strategy chief Jeffrey Kleintop cited tariffs as a top risk back in June. "But oddly enough, the global economy bounced back anyway.

Persons: David Kelly, —, JPMAM, Kelly, Donald Trump who's, Tom Orlik, Charles Schwab, Jeffrey Kleintop, I'd Organizations: JPMorgan Asset Management, Service, Asset Management, Federal Reserve, Bloomberg Economics, Peterson

☆ I landed my dream job, and everything looked perfect, but on the inside, I was really struggling. Moving to a remote Scottish island helped me heal.
▼ + stars: | 2024-10-29 | by ( ) www.businessinsider.com time to read: +7 min

Mel Macintyre landed her dream job at a finance company in Edinburgh in her 30s. AdvertisementThis as-told-to essay is based on a transcribed conversation with Mel Macintyre, a business and life coach living in Eriskay in the Outer Hebrides, Scotland. I've been a business coach for 25 years and climbed the corporate career ladder in a typical, ambitious way. I struggled with feeling inauthentic and like I had to put a mask on at work every day. The way I was living my life was fundamentally making me ill, but I didn't want to let people down.

Persons: Mel Macintyre, Macintyre, —, I've, I'd, MacIntyre, it's, they've, Mel Macintyre It's Organizations: Service, HSBC, Edinburgh, Scottish Government, Business Locations: Edinburgh, Scotland, Eriskay, Europe, Ayrshire

☆ Parenthood — and the choice to be childfree — is at stake this election. 3 Americans explain how it's impacting their vote.
▼ + stars: | 2024-10-29 | by ( Allie Kelly | ) www.businessinsider.com time to read: +7 min

Ahead of Election Day, Business Insider spoke with voters about how family and reproductive healthcare access will influence their decision. Along the spectrum of support for abortion access, one common thread stood out: The cost of raising a family. In terms of abortion access, Trump has bragged about his role in overturning Roe v. Wade — a decision that led to 41 states with bans. In her first time voting for president, Sark said she plans to vote third party, likely for Green Party candidate Jill Stein. "I don't think that there's really anything that we can do about abortion in this election," Sark said.

Persons: Roe, Wade, —, Donald Trump, Kamala Harris, Kristan Hawkins, Harris, Trump Erica Choinka, Trump, Choinka, Trump's, Wade —, Harris Stephanie Gomez, Gomez, haven't, Avie Sark, Sark, Jill Stein Organizations: Business, Service, Trump, Republican, Life, Democratic, Green Party Locations: Missouri, Jefferson City , Missouri, Roe, Texas, Houston, Austin, Indiana, Sark

☆ Steve Bannon is released from prison in time for the last-week push to Election Day
▼ + stars: | 2024-10-29 | by ( Sara Murray | ) edition.cnn.com time to read: +4 min

CNN —Steve Bannon was released from federal prison Tuesday, according to a source with knowledge, emerging just a week before Election Day to retake the helm of his weakened right-wing media platform. “War Room,” which frequently appeared in Apple’s Top Podcasts before Bannon reported to prison, fell off the charts by early July, according to data from Podchaser. Peltz still predicted Bannon would be a prominent voice for election denialism if it appears Trump is coming up short after Election Day. On the “War Room” podcast, a cast of fill-in hosts cheered Bannon’s return. In May, Bannon claimed on his podcast that “they’re going to do everything to steal this election,” as he reiterated the baseless claim that the 2020 presidential election was stolen.

Persons: Steve Bannon, Bannon, Donald Trump’s, Maureen, Bannon’s MAGA, we’ve, ”, Madeline Peltz, Trump, “, ” Peltz, Bannon’s, Mike Lindell, Stephen K, MAGA, ” Natalie Winters, Winters, “ It’s, “ Bannon, “ There’s, CNN’s Sabrina Shulman, Maria Aguilar Prieto, Maria Sole Campinoti Organizations: CNN, Trump, Capitol, Apple, Media, Edison, Media Matters Locations: Connecticut, Podchaser, New York

☆ AMD shares fall as forecast fails to impress despite strong AI growth
▼ + stars: | 2024-10-29 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

AMD shares are up about 20% so far in 2024, although rivals such as Nvidia and Broadcom have had much greater gains during the same period, driven by the increasing demand for AI chips. AMD is the second-largest vendor of data center graphics processing units, or GPUs, which are used to train and deploy large generative AI models. AMD's AI chips are reported in its data center segment, which more than doubled on an annual basis to $3.5 billion in total sales. Overall data center revenue was up 122% year over year. AMD's gross margin expanded to 54%, which the company said was because of higher data center revenue.

Persons: Lisa Su, Su Organizations: Devices, AMD, Nvidia, Broadcom, Microsoft, Windows, Sony PlayStation

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