DIRS.INFO The most relevant business & tech news

At least one person is dead and others are injured after an equipment malfunction trapped nearly two dozen people underground in a Colorado tourist mine, officials with the Teller County Sheriff's Department said Thursday. Eleven people have been rescued, the sheriff’s office said, and officials are working to get to the 12 people who remain in the mine. The sheriff's office said those rescued reported neck and back pain, and others said they were traumatized by the event. Two children were involved, officials said, but no other details about the people in the incident have been provided. Officials from the Teller County Sheriff's Office earlier made clear that the mine did not collapse and the incident occurred as a result of an equipment malfunction.

Persons: Teller, Kathleen Mine Organizations: Sheriff's Department Locations: Colorado, Teller

Former President Donald Trump said in an economic address Thursday that the U.S. has allowed "big companies" to "come in and raid and rape our country." I used the word 'rape,'" Trump said at the Detroit Economic Club after his remarks were met with what sounded like some gasps from the audience. "So here’s the deal that I will be offering to the world, to companies outside of our world, big companies, powerful companies, that have become powerful because we were stupid, we were stupid. Trump added that his administration would impose a “tax or tariff” on companies that do not manufacture their goods in the U.S. Trump used similarly loaded language during his 2016 presidential campaign when he singled out China.

Persons: Donald Trump, Trump, Kamala Harris, ” “, Karoline Leavitt, rallygoers, ”, E, Jean Carroll, Carroll, defaming Carroll Organizations: Detroit Economic Club, Trump Locations: United States, America, U.S, China, Indonesia, Turkey, Canada, Indiana, New York City, New York

That law, the Uniformed and Overseas Citizens Absentee Voting Act (UOCAVA), requires that states allow eligible Americans who live overseas to vote in federal elections. Heckel pointed out that the suit was filed two weeks after counties Pennsylvania began mailing ballots to military and overseas voters "and baselessly challenges Pennsylvania law, which provides clear procedures for processing applications by overseas voters." The lawsuits come as former President Donald Trump and his allies have begun to sow doubts about overseas voting. Last month, Trump claimed on Truth Social that Democrats would use overseas voting laws to "cheat," a baseless theory Elon Musk also shared on X last week. “Traditionally, we think of overseas voters as military voters who might skew Republican.

Persons: Guy Reschenthaler, Dan Meuser, Glenn Thompson, Lloyd Smucker, Mike Kelly, Al Schmidt, Schmidt, —, Jocelyn Benson, who’ve, Michael Whatley, Patrick Gannon, ” Gannon, ”, Angela Benander, it’s, Matt Heckel, Heckel, Donald Trump, Trump, Elon Musk, Kamala Harris, “, Jonathan Diaz, Diaz, scapegoating, ” Diaz, Democrats —, Rick Hasen, Hasen, ” Hasen Organizations: Republican National Committee, Republican, North Carolina State Board, Michigan Democratic, Republicans, Uniformed and Overseas Citizens, North, Michigan Department of State, PR, Pennsylvania Department of, Pennsylvania, Social, ” Overseas, Democrats, Democratic, UCLA School of Law, NBC Locations: Michigan, North Carolina, Pennsylvania, U.S

☆ False conspiracy theories about Hurricane Milton spread despite outcry from officials
▼ + stars: | 2024-10-10 | by ( Bruna Horvath | Bruna Horvath Is An Intern On Nbc News' Tech Team. | ) www.nbcnews.com time to read: +8 min

Baseless conspiracy theories about weather modification and false claims about disaster relief efforts have continued to spread on X in recent days, with misinformation about Hurricane Milton adding to a mountain of false rumors about Hurricane Helene and its aftermath. Greene has not deleted her posts referencing the conspiracy theories. In response to the challenges to Greene’s false claims, her deputy chief of staff, Nick Dyer, defended them, saying that she was actually the victim of conspiracy theories. “So when these people are espousing misinformation and conspiracy theories, then it’s like, ‘Oh, OK, well, maybe it’s true. FEMA is working to slow the spread of hurricane misinformation online.

Persons: Hurricane Helene, Marjorie Taylor Greene, ”, Greene, ‘, Joe Biden, Greene’s, “ It’s, Hugh Willoughby, “, ” Willoughby, ” Leila, Nick Dyer, Milton, Hurricane Milton, Donald Trump, Jim Jordan, Elon Musk, Angelo Fernández Hernández, Shauna Bowes, ” Bowes, ’ ” Bowes, Helene, Deanna Criswell, ” Criswell Organizations: X, NOAA, National Oceanic, Atmospheric Administration, Republican, Florida International University, Hurricane Research Division, NBC, University of Washington’s Center, Hurricane, FEMA, U.S . Ohio, Federal Emergency Management Agency, Services Program, Customs, Disaster Relief, Congress, DHS, Institute, Strategic, ISD, Homeland Security, Vanderbilt University, North Carolina Department of Public Safety Locations: Florida, Saginaw , Michigan, U.S, London, Asheville , North Carolina

The extent of the damage to homes and businesses from Hurricane Milton is still being assessed. “There’s a lot of people feeling that anxiety, feeling the stresses, compounding with two different storms so close together,” Martin said. My mental health cannot handle that." Before Hurricane Milton hit, families in Tampa, Florida, were still coping with damage by flooding from Hurricane Helene. The Substance Abuse and Mental Health Services Administration (SAMHSA) recommends to call or text 1-800-985-5990 24/7.

Persons: Hurricane Milton, Meghan Martin, Hurricane Idalia, “, ” Martin, Martin, ”, Gail Saltz, Michelle Chernicoff, David, Helene, Milton, Chernicoff, it’s, Rita Simmons, ” Simmons, Matt Shannon, decompensate, Shannon, Simmons, Hurricane Helene, Michael Warren, Kelly Warren, ’, Warren, ” Michael Warren “ It’s, you’re, ” Michael, ” Kelly, Saltz, Matt Lavietes Organizations: Johns Hopkins, Children’s, Hurricane, Centers for Disease Control, Presbyterian Hospital, West Palm Beach, University of Florida Health, Moffitt Cancer Center, NBC, Mental, Mental Health Services Administration Locations: Hurricane, Florida, St . Petersburg, NewYork, New Port Richey , Florida, West Palm, New Port Richey, Fla, West Palm Beach, barreling, Pinellas County, Florida’s, Sarasota, Clearwater ., Tampa, Tampa , Florida

TAMPA, Fla. — 54-year-old Joseph Malinowski, who has been dubbed “Lieutenant Dan” on social media, has survived record-breaking Hurricane Milton on his 20-foot sailboat. As Hurricane Milton was bearing down on Tampa, Malinowski posted to his social media account to soothe his newfound audience’s worries, even as his boat rocked and shaked against increasing wind and rain. “I’m doing great!” he told NBC News on Wednesday around 7 p.m., approximately two hours before the storm was set to make landfall. "Lieutenant Dan" on his boat Wednesday in Tampa. “I’m going to go back to doing my regular thing, which I think is pretty inspirational,” he told NBC News.

Persons: Joseph Malinowski, Dan ”, Milton, Malinowski, Terrence Concannon, Hurricane Helene, Hurricane Milton, ”, — Malinowski, “ I’m, Dan, Spencer Platt, I’m, ” “, “, “ Everything’s, Forrest Gump, weren’t, Ross, ” Malinowski, he’s, Concannon, ” Matt Lavietes, Sophia Pargas Organizations: Hurricanes, Hurricane, NBC, NBC News, Tampa Police Department, University of Tampa senior, Police Locations: TAMPA, Fla, Tampa, New York City

☆ TD Bank pleads guilty in money laundering case, will pay $3 billion in penalties
▼ + stars: | 2024-10-10 | by ( Dan Mangan | Dan Mangan Is A Reporter Covering Politics For Cnbc.Com. | ) www.nbcnews.com time to read: +6 min

The total assets of TD Bank’s two U.S. banking subsidiaries will be barred from exceeding $434 billion under that restriction. “Today, TD Bank also became the largest bank in U.S. history to plead guilty to Bank Secrecy Act program failures, and the first US bank in history to plead guilty to conspiracy to commit money laundering,” Garland said. “TD Bank chose profits over compliance with the law — a decision that is now costing the bank billions of dollars in penalties. “In August 2021, a TD Bank store manager emailed another store manager and remarked, quote, ‘You guys really need to shut this down. “This settlement lets bad bank executives off the hook for allowing TD Bank to be used as a criminal slush fund.

Persons: ”, General Merrick Garland, ” Garland, “, Garland, David, Lol, ’ ” Garland, ‘, FinCEN, Wally Adeyemo, ” Adeymo, ” Sen, Elizabeth Warren, ” Warren, Bharat Masrani, ” Masrani Organizations: Bank, Department of Justice, TD Bank, Currency, Federal Reserve, “, Washington , D.C, DOJ, Treasury, Enforcement Network, FinCEN, Street, CNBC, of Justice, Consumer Financial, Bureau Locations: U.S, Wells Fargo, Washington ,, Newark , New Jersey, United States, Canada, “

☆ 100 masked invaders surround Washington home — don't worry, it was only raccoons
▼ + stars: | 2024-10-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Smith-Circle-Byline-Template.Jpg | Alexander Smith | ) www.nbcnews.com time to read: +2 min

Not so for one Washington state woman, who called 911 after her home was swarmed by scores of hungry raccoons. This was a first.”No wild raccoons in Washington have recently been diagnosed with rabies — a disease that kills almost every human it infects, according to the Washington State Department of Health. “At this point, it’s been determined that the raccoons haven’t committed any crimes,” McCarty told the affiliate, before adding a more serious moral coda. “Don’t feed wild animals. When wild animals have a reliable food source, they’re going to keep coming back to it.

Persons: De Vil, ”, Kevin McCarty, ” McCarty, pesky, “, “ I’ve, ” Wendy Cronk, KUSA, she’ll, it’s, haven’t Organizations: Puget Sound, NBC, KUSA, Kitsap County Sheriff, Washington State Department of Health, Major League Soccer, Philadelphia Union, New York City FC, Washington Department of Fish Locations: Washington, Poulsbo, Seattle, Kitsap County, Washington Department of Fish and

☆ Trump to propose new tax break on car loan interest
▼ + stars: | 2024-10-10 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Republican presidential nominee, former U.S. President Donald Trump, speaks at the Detroit Economic Club on October 10, 2024 in Detroit, Michigan. Donald Trump on Thursday will support making interest on car loans fully tax deductible, the latest in a suite of tax-cut promises the Republican presidential nominee has made in the weeks before Election Day. Trump, in a speech to the Detroit Economic Club, will compare the plan to an existing tax deduction on mortgage interest, according to excerpts provided beforehand by the Trump campaign. The plan "will stimulate massive domestic auto production, and make car ownership dramatically more affordable for millions of working American families," Trump will say. Trump has already voiced support on the campaign trail for a slew of other tax breaks, including ending taxation of service workers' tips and seniors' Social Security benefits.

Persons: Donald Trump, Trump, Kamala Harris, Harris, Joe Biden's, — Organizations: Detroit Economic Club, Detroit Economic, Democratic, Joe Biden's Department of Commerce, U.S, U.S . Constitution, Social Security, Wall Street Journal Locations: Detroit , Michigan, U.S ., U.S

☆ Stock market today: Indexes decline after inflation comes in hotter than expected
▼ + stars: | 2024-10-10 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Indexes dipped Thursday as investors took in hotter-than-expected inflation data. Traders see the latest data solidifying odds of a 25 basis point rate cut next month. AdvertisementUS stocks edged lower on Thursday as investors took in slightly hotter-than-expected inflation data after last week's blockbuster jobs report. The core CPI reading, which excludes food and energy costs, came in at 3.3% year-over-year, slightly above forecasts of 3.2% and 0.3% higher than the August reading. JPMorgan's top strategist, one of Wall Street's biggest bears, is turning upbeat on the stock market for the first time in two years.

Persons: —, Milton, Bill Gross Organizations: Traders, Service, CPI, Federal Reserve, JPMorgan, Labor Department, FEMA, Hurricanes Locations: Here's

☆ TD Bank hit with record $3 billion fine over drug cartel money laundering, source says
▼ + stars: | 2024-10-10 | by ( Jordan Valinsky | Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —TD Bank will pay $3 billion to settle charges that it failed to properly monitor money laundering by drug cartels, regulators announced Thursday. TD also intends to pay $1.8 billion to the US Justice Department and plead guilty to resolve the US government’s investigation that the bank violated of the Bank Secrecy Act and allowed money laundering. The US Department of Justice said in a statement that TD Bank had “long-term, pervasive, and systemic deficiencies” in its procedures of monitoring transactions. TD Bank declined to comment on the fine, but the bank plans to hold a call with investors later on Thursday. TD Bank’s (TD) US-listed shares slumped 5% as investors brace for higher legal expenses and weaker growth.

Persons: FinCEN, TD Bank’s, ” John Aiken, “, Allen Stanford Organizations: New, New York CNN —, Bank, US Treasury Department’s, US Justice Department, US Department of Justice, Street Journal, TD Bank, Jefferies, ”, Justice, Treasury, CNN Locations: New York

☆ FCC chair denounces Trump’s calls for CBS to ‘lose its license’ over Harris’ ‘60 Minutes’ interview
▼ + stars: | 2024-10-10 | by ( Liam Reilly | ) edition.cnn.com time to read: +2 min

New York CNN —Federal Communications Commission chairwoman Jessica Rosenworcel denounced former President Donald Trump’s “threats against free speech” Thursday after he attacked CBS and called for the network to “lose its license” over a recent “60 Minutes” interview with Vice President Kamala Harris. In recent days, the former president has lambasted the Harris interview, accusing CBS News of editing the sit-down with correspondent Bill Whitaker. “As I’ve said before, the First Amendment is a cornerstone of our democracy.”Trump’s attacks on CBS comes after he backed out of his own “60 Minutes” interview last week and has repeatedly fended off invitations from television networks, including CNN and Fox News, for additional debates, instead opting for sit-downs with right-wing media outlets. Following ABC’s Trump-Harris debate in September, Trump dialed into “Fox & Friends,” where he called for the Disney-owned network to have its license “take[n] away.”Rosenworcel’s statement is the second time this week she has spoken out in support of broadcasters. On Tuesday, the FCC chairwoman issued a statement calling threats from Florida’s Health Department to prosecute local TV stations over an abortion rights ad “dangerous,” and emphasizing that pressure from the state government “undermines the fundamental principle of free speech.”

Persons: Jessica Rosenworcel, Donald Trump’s, Kamala Harris, Harris, Bill Whitaker, Trump, “, Harris ’, ” Trump, Rosenworcel, ” Rosenworcel, I’ve, ”, ABC’s Trump Organizations: New, New York CNN — Federal Communications, CBS, News Organization of CBS, “ CBS, CNN, Fox News, “ Fox & Friends, Disney, FCC, Florida’s Health Department Locations: New York

☆ Dozens more women allege sex abuse by Mohamed Al Fayed, BBC says
▼ + stars: | 2024-10-10 | by ( Lauren Kent | ) edition.cnn.com time to read: +2 min

London CNN —Sixty-five more women have come forward with abuse allegations against the late billionaire Mohamed Al Fayed, according to the BBC, following the network’s documentary that detailed testimonies of women who said he sexually assaulted and raped them. Among the dozens of women who contacted the BBC with new accounts of abuse, 37 said they had worked at Harrods, the British broadcaster reported. One said she was assaulted when she was 15 and Al Fayed was 79. Harrods acknowledged that Al Fayed was “intent on abusing his power wherever he operated” and apologized to victims in a statement released at the time. “We are utterly appalled by the allegations of abuse perpetrated by Mohamed Al Fayed,” the company said.

Persons: London CNN —, Mohamed Al Fayed, Al Fayed, ”, Al, Fayed Organizations: London CNN, BBC, Dubai –, Harrods, Al Locations: Dubai, London, Harrods, United Kingdom, British, Al Fayed’s, Surrey, England

☆ Here are the best and worst-case scenarios for Google in its battle with the DOJ
▼ + stars: | 2024-10-10 | by ( Hugh Langley | ) www.businessinsider.com time to read: +6 min

AdvertisementFor years, the US Justice Department's lawsuit against Google's Search business has been largely ignored by Wall Street and even many of Google's employees. They also include sharing some of Google's search data with rivals. The DOJ is also considering cracking open Google's search index and forcing it to share data, including the nitty-gritty of how Google ranks website quality. The DOJ said this could include the models used for Google's AI Search features. AdvertisementThe DOJ has said it's also weighing a proposal that websites can opt out of Google's AI training and from appearing in AI search results altogether.

Persons: —, Department's, Bernstein, Amit Mehta, Dan Morgan, monetization, Max, Morgan, Dan Ives, Liz Reid, Marissa Mayer, it's, It's Organizations: US Justice Department, Google, Analysts, Service, Google's, Wall, DOJ, Apple, European Union, Chrome, Wedbush, Tech, Media, Finance, Sunshine Locations: European, Europe

This article is part of the Opinion series At the Brink,about the threat of nuclear weapons in an unstable world. It follows a decades-long freeze on designing, building or testing new nuclear weapons. The new buildings and cutting-edge machinery will eventually process the uranium needed to make the next generation of American nuclear weapons. Now there are an estimated 12,000 nuclear weapons in the world. It is undeniably true that the world is becoming more contentious, and nuclear weapons do deter our adversaries.

Persons: Melissa Durkee’s, Adalie, —, Warren Air Force Base Missiles Ellsworth Air Force Base Pantex Plant Minot Air Force Base Dyess Air Force Base Lockheed Martin Tinker, Todd Weeks, Weeks, you’re, Eric Helms, Helms, it’s, ”, aren’t, Robin Darnall, she’s, “, can’t, Northrop Grumman, Nunn, Walter Schweitzer, Mr, Schweitzer, Robert Oppenheimer, didn’t, Jay Coghlan, Charles McMillan, Greg Mello Organizations: U.S, Preston Veterans ’ Memorial, Dynamics, U.S . Navy, Preston Veterans ’, The Times Naval Base Kitsap Lawrence Livermore National Laboratory Northrop Grumman Nevada National Security, Air Force Base Malmstrom Air Force Base Sandia National Laboratories Los Alamos National Laboratory, Warren Air Force Base Missiles Ellsworth Air Force Base Pantex Plant Minot Air Force Base Dyess Air Force Base, Warren Air Force Base Missiles Ellsworth Air Force Base Pantex Plant Minot Air Force Base Dyess Air Force Base Lockheed Martin Tinker Air Force Base Offutt Air Force Base Kansas City National Security, Chaffee, Air Force Base Whiteman Air Force Base, Security, Laboratory Naval Submarine Base, Bay Northrop, Newport News Shipbuilding General Dynamics Electric, Submarines, Submarines Connecticut Rhode Island, Submarines Connecticut Rhode Island Virginia General Dynamics Electric, General Dynamics, Columbia, Engineering, Republican, Democratic, Office, General Dynamics Electric, Navy, NASCAR, Manhattan, Reactor, The Energy Department, National Nuclear Security Administration, Energy Department, National Nuclear Security, Fort, Missiles Wyoming North Dakota, Missiles Wyoming North Dakota Colorado Nebraska Montana America’s, The Air Force, Minuteman III, Air Force, Warren Air Force Base, Sentinel, Banner, Soviets, Air Force Base, McCurdy, Pentagon, Montana Farmers Union, Mexico South, Environmental Protection Agency, Los Alamos, Nuclear Watch, Alamos County, Atomic, Los Alamos Study, United States Locations: Preston, Conn, New England, America, Russia, China, North Korea, Iran, United States, Savannah, Manhattan, Washington, Submarines Connecticut, Submarines Connecticut Rhode Island Virginia, Narragansett, Rhode Island, Quonset, R.I, Groton, Soviet Union, Rhode Island , Connecticut, Virginia, Columbia, Tennessee, Oak Ridge, Tenn, Hiroshima, Nagasaki, Texas, Fort Knox, Missiles Wyoming North Dakota Colorado, —, Wyoming , Nebraska , Colorado , Montana, North Dakota, Plains, F.E, Wyoming, Nebraska, Banner County, Great Falls, Mont, Mexico, Mexico South Carolina, New Mexico, Los Alamos, N.M, Savannah River, S.C, Colorado, Rocky, Alamos, Nuclear Watch New Mexico, Santa Fe

But residents in St. Lucie County faced an entirely different threat: fatal tornadoes that were “supercharged” compared to typical hurricane-spawned tornadoes, National Hurricane Center Director Michael Brennan told CNN Thursday. “Their whole homes with them inside were lifted up, moved, destroyed,” St. Lucie County Sheriff Keith Pearson said. The St. Lucie County Sheriff's Office was damaged in Fort Pierce as Hurricane Milton crossed into Florida. “There’s no way we could have predicted this type of activity because this is just not precedented,” Port St. Lucie Mayor Shannon Martin told CNN’s Jim Acosta on Thursday morning. Julene Martin-Morganelli, board of directors president at Sunnier Palms Park and Campgrounds, was in her house when a tornado hit the area, she told CNN Thursday.

Persons: Milton, Lucie County, Michael Brennan, Keith Pearson, Hurricane Milton, Eric Hasert, Hurricane Irma, “, Lucie Mayor Shannon Martin, CNN’s Jim Acosta, I’ve, Lucie, Julene Martin, Martin, Morganelli, ”, ‘, Laura Gabriel, Gabriel Organizations: Lucie County , Florida CNN, CNN, National Weather Service, National Hurricane Center, Spanish Lakes Country Club, South Florida Logistics, Sheriff's, USA, Prestige Storage Locations: Lucie County , Florida, Siesta Key, Florida, St . Petersburg, St, Lucie, South Florida, Spanish, Portofino Shores, Holiday Pines, Lakewood Park, South, ” St, Fort Pierce, Hurricane, ” Port St

☆ Stock market today: Indexes close lower after CPI shows sticky inflation in September
▼ + stars: | 2024-10-10 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Indexes slipped Thursday as investors priced in a higher-than-expected inflation reading. The data raises the possibility of a "no landing" scenario for the US economy. AdvertisementStocks fell on Thursday from records reached in the previous session, as traders took in a sticky inflation reading for September. September consumer price index data released on Thursday showed inflation rose 2.4% year-over-year, slightly above consensus forecasts of a 2.3% rise. AdvertisementThe core CPI reading, which excludes more volatile food and energy costs, was up 3.3% year-over-year and just above forecasts of 3.2%.

Persons: —, Stocks, Hurricane Milton, Jamie Dimon, Buffett Organizations: Traders, Service, Dow Jones, Nasdaq, Dow, CPI, Federal Reserve, Bank of America, Investors, Labor Department, Here's, Insurance Locations: Hurricane

☆ Inflation rate at 2.4% in September, topping expectations; jobless claims highest since August 2023
▼ + stars: | 2024-10-10 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Both readings were 0.1 percentage point above the Dow Jones consensus. The annual inflation rate was 0.1 percentage point lower than August. Excluding food and energy, core prices increased 0.3% on the month, putting the annual rate at 3.3%. Both core readings also were 0.1 percentage point above forecast. After a half percentage point reduction in September, the central bank is expected to continue cutting, though the pace and degree remain in question.

Persons: Justin Sullivan, Dow Jones Organizations: Labor Department, Dow, of Labor Statistics, Federal Reserve Locations: Greenbrae , California, U.S

☆ TD Bank falls 8% after it faces $3 billion fine and growth caps over charges of enabling fentanyl-linked money laundering scheme
▼ + stars: | 2024-10-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

TD Bank shares fell 8% after it pleaded guilty to anti-money-laundering charges and agreed to pay a $3 billion fine. The charges involved a scheme by Chinese cartels bribing TD employees at bank branches in New York and New Jersey. The penalty is the largest ever anti-money laundering fine imposed on a bank by US officials. The bank cannot grow past its current $370 billion in asset size for as long as the asset cap is in place. The charges stem from an investigation that revealed TD Bank didn't have proper anti-money laundering practices in place.

Persons: —, Wells Fargo, Michael Hsu, FinCEN, Bharat Masrani, Masrani Organizations: Bank, Service, TD Bank, HSBC, Department of Justice, Federal Reserve, OCC Locations: New York, New Jersey, Canada

☆ Hurricane season is set to scramble Americans' view of the economy before the election
▼ + stars: | 2024-10-10 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +7 min

Additional disruptions from Hurricane Milton complicate the data collection for October's jobs report. To stimulate hiring, the Federal Reserve began cutting interest rates in September, and the jobs report will strongly inform its path forward. "I wouldn't expect these events to materially change how Americans view the economy before the election," DeAntonio said. For example, it noted in its release last week Hurricane Francine, which hit Louisiana in early September, "had no discernible effect" on the employment data it collected. Any effects from the hurricanes could lead to an October jobs report that shows a more pessimistic view of the economy than underlying conditions would suggest.

Persons: Helene, Milton, —, Hurricane, Hurricane Helene, Hurricane Milton, Dante DeAntonio, Kamala Harris, Joe Biden, Daniel Zhao, DeAntonio, Francine, Guy Berger Organizations: Service, Hurricanes, Southern, Labor Department, Federal Reserve, University of Michigan's, Department, Labor, of Labor, Labor Statistics, Boeing, Bureau of Labor Statistics, Employees, Glass Institute Locations: Florida, North Carolina, Hurricane, Louisiana

☆ TD Bank expected to pay $3 billion in fines and limit growth in DOJ settlement: Report
▼ + stars: | 2024-10-10 | by ( Dan Mangan | ) www.cnbc.com time to read: 1 min

A TD bank stands in Brooklyn on June 04, 2024 in New York City. TD Bank is reportedly expected to pay a whopping $3 billion in fines to the Department of Justice and financial crimes regulators to settle a federal probe over its alleged failure to monitor money laundering by drug cartels. TD Bank, whose U.S. unit is the 10th-largest American bank by assets, is also set to accept limits on its growth as part of the settlement, according to the report by The Wall Street Journal on Wednesday night. The reported restrictions on TD Bank's growth would be similar to those imposed by the Federal Reserve on Wells Fargo in 2018 over what the Fed called "widespread consumer abuses" at that bank. TD Bank shares were down more than 3% midday Thursday.

Organizations: Bank, Department of Justice, TD Bank, Wall, Federal Reserve Locations: Brooklyn, New York City, U.S, Wells Fargo

☆ Here are Thursday's biggest analyst calls: Nvidia, Microsoft, Netflix, CVS, Honeywell, Nike, AIG, Sunnova & more
▼ + stars: | 2024-10-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +14 min

Barclays upgrades CVS to overweight from equal weight Barclays said the stock is a "new margin story." JPMorgan downgrades Honeywell to neutral from overweight JPMorgan said it's downgrading the stock after 15 years with an overweight rating. UBS upgrades Tronox to buy from neutral UBS said it's bullish on the chemical manufacturer. "We upgrade shares of EVGO from Neutral to Buy, following the $1.05bn DOE loan conditional commitment announced last week. "Our bullish view of AIG reflects its outsized EPS growth, lower exposure to risks facing commercial lines carriers (casualty reserves and higher cat loads), high capital flexibility, and attractive valuation."

Persons: Morgan Stanley, Goldman Sachs, Goldman, it's bullish, Jefferies, TD Cowen downgrades, Cowen, Bernstein, Brinker, Kevin Hochman, Truist, it's, BIRK, Cantor Fitzgerald, Mara, Cantor, MARA, Wolfe, Google's, Satya Nadella, Lucas Jackson Organizations: Nvidia, Netflix, Barclays, JPMorgan, Honeywell, Microsoft, UBS, TD Cowen downgrades Pepsi, U.S, Department of Energy, DOE, RBC, PayPal, Cirrus, Bank of America, underperform Bank of America, Nike, Mara Holdings, AIG, DOJ, Google, Reuters Locations: EVGO, EAT's, LHX, New York City

☆ A lot is riding on Musk and Tesla’s ‘robotaxi’ event
▼ + stars: | 2024-10-10 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

New York CNN —Elon Musk and Tesla have pledged a game-changing moment in the company’s history Thursday night. For the last decade, the electric vehicle maker’s CEO has vowed that true self-driving cars from Tesla were right around the corner. And even if the technology is as advanced as Musk likes to claim, getting regulatory approval to operate could be difficult. Tesla and Musk have made promises many, many times before about autonomous vehicle capabilities and when true self-driving would be available. “Either you walk away from the event as a jaw dropping moment, or you walk away with a shrug of shoulders event.”

Persons: New York CNN — Elon, Tesla, ”, Dan Ives, Waymo, they’ve, GM’s, Musk, “, FSD, “ You’d, Gordon Johnson, it’s, Gene Munster, ” Munster, “ They’ve, Ives Organizations: New, New York CNN, Warner Bros, Wedbush Securities, Apple, Motors ’, state’s Department of Motor Vehicles, Deepwater Asset Management, Munster Locations: New York, California

☆ 3 questions about Tesla's robotaxi that Elon Musk needs to answer
▼ + stars: | 2024-10-10 | by ( Nora Naughton | ) www.businessinsider.com time to read: +6 min

AdvertisementThe stakes are high heading into Tesla's Robotaxi Day on Thursday night in California. AdvertisementAs is typical, Musk's promise that the robotaxi business was taking shape offset a major earnings miss and helped juice Tesla's languishing stock price. Spak wrote. With all this in mind, Jonas isn't sure Musk can live up to investors' high expectations. Advertisement"Tesla's future valuation is highly dependent on its ability to develop, manufacture, and commercialize autonomous technologies," Jonas wrote.

Persons: —, Elon Musk, Tesla's Uber, Musk, Joseph Spak, Spak, didn't, Tesla, Morgan Stanley, Adam Jonas, Jonas, Tesla's FSD, there's, Jonas isn't Organizations: Service, Investors, Tesla, UBS, Hertz, California Department of Motor Vehicles Locations: Tesla's, California, Robotaxi, Los Angeles

☆ Sean ‘Diddy’ Combs spending his time in jail preparing for his case and visiting family, source says
▼ + stars: | 2024-10-10 | by ( Elizabeth Wagmeister | Kara Scannell | ) edition.cnn.com time to read: +4 min

CNN —Sean “Diddy” Combs has spent his three weeks in jail speaking with his defense attorneys, preparing for his case and receiving visiting from his family, a source close to the music producer told CNN. In a letter to Judge Arun Subramanian, Combs’ attorneys said on Wednesday that they intend to request a trial date in April or May 2025. Following the release of the video, Combs apologized. The motion filed by Combs’ attorneys also alleges that authorities alerted the media about the searches in March of his homes in Los Angeles and Miami. Combs’ attorneys said they want the judge to order the government to immediately produce the materials seized over six months ago.

Persons: Sean “ Diddy ” Combs, “, Combs, He’s, Arun Subramanian, Cassie Ventura, Ventura, ” Combs, HSI, Subramanian, Biden, Andrew Carter, Carter, Obama, ” Organizations: CNN, Brooklyn’s Metropolitan Detention Center, Prosecutors, of New, Department of Homeland Security, Homeland Security Investigations, HSI New, US, Southern, of, DHS Locations: Brooklyn’s, Southern, of New York, Los Angeles, Miami, HSI New York

Search resuls for: "Department"

25 mentions found