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As a result, there have been no improvements in the preterm birth rate in the last 10 years. Last year, the preterm birth rate was 10.4%. In 2013, the preterm birth rate was 9.8%. Wheeler was not involved with the March of Dimes report. Women with diabetes had a preterm birth rate of 28.8%, and it was nearly the same, 23.3%, among women who had high blood pressure.

Persons: Sarahn Wheeler, Wheeler, Amanda Williams, Williams, ” Organizations: Dimes, U.S, Duke University Medical Center, OB Locations: U.S, Durham , North Carolina, Alabama , Arkansas, Georgia, Louisiana , Mississippi, South Carolina

☆ Advance Auto Parts is closing more than 700 locations
▼ + stars: | 2024-11-14 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Advance Auto Parts is closing more than 700 locations to shore up the company’s finances following another dismal earnings report. The car parts retailer, which has about 5,000 stores, said Thursday that the closures are part of its “strategic plan to improve business performance.” Advance Auto Parts (AAP) shares slid nearly 5% in premarket trading after it reported earnings that missed analysts’ expectations. The reduction will result in closing roughly 500 corporate-owned stores plus about 200 independently operated locations. The company did not immediately provide a full list of locations set to close. It recently sold Worldpac, an automotive parts wholesaler, for $1.5 billion as part of “simplification” of its business model.

Persons: — Organizations: New, New York CNN, Parts, Advance, Research, Companies, Consumers Locations: New York

SEOUL, South Korea — As foreign governments prepare to deal with a second Trump administration, at least one key U.S. ally is hoping to make headway on the fairway. Last month, the U.S. and South Korea agreed on a new five-year cost-sharing plan for the U.S. troops. Maintaining a strong security alliance with the U.S. is especially important for South Korea given the growing hostility from nuclear-armed North Korea. That in turn could lead South Korea and even Japan to consider whether they need nuclear weapons of their own. Stella Kim reported from Seoul, South Korea, and Jennifer Jett reported from Hong Kong.

Persons: Trump, Yoon Suk, “, Donald Trump, Yoon, ”, Shinzo Abe, David Boling, Chung Sung, Abe, Abe “, Boling, ” Yoon —, ” Jeremy Chan, “ I’ve, Yoon doesn’t, he’s, ” Chan, Lydia Ko, Ko, Shigeru Ishiba, ” Boling, Chan, Choi Sang, mok, Joe Biden, Brendan Smialowski, Kim Jong, Stella Kim, Jennifer Jett Organizations: NBC, South, Eurasia Group, Trump, House, Paris Olympics, Japanese, U.S, South Korean Finance, Seoul, Getty Locations: SEOUL, South Korea, U.S, Florida , New Jersey, Virginia, North Korea, Japan, New York, Seoul, United States, East Asia, China, Northeast Asia, New Zealand, Scotland, Korea, Chiba, AFP, Hong Kong

TOKYO — Lawmakers in Japan voted Monday to retain the embattled Shigeru Ishiba as prime minister despite his long-governing party’s dismal showing in parliamentary elections last month. Ishiba, a straight-talking former defense minister, received 221 votes compared with 160 for Yoshihiko Noda, leader of the opposition Constitutional Democratic Party. Many Japanese officials assume Trump is going to be “more straightforwardly anti-China,” and that Japan will be “somehow miraculously left off the hook,” he said. Though Japan has already pledged to double defense spending to 2% of gross domestic product by 2027, “that’s probably not going to be enough to satisfy Trump,” Boling said. While Abe was “extraordinarily skillful” in dealing with Trump, Ishiba has a different personality, Boling said.

Persons: Shigeru Ishiba, Ishiba, Donald Trump, Yoshihiko Noda, ” Ishiba, Yuichi Yamazaki, Trump, Koichi Nakano, Shinzo Abe, ” Nakano, David Boling, “ that’s, ” Boling, Joe Biden, Kamala Harris, Takahiro Mori, Abe, Boling, “, I’m, Jeff Kingston, ” Kingston, Arata Yamamoto, Jennifer Jett, Peter Guo Organizations: Lawmakers, Liberal Democratic Party, Constitutional Democratic Party, Getty, Trump, Japan Relations, NBC News, U.S, Eurasia Group, Nippon, Pittsburgh, . Steel, Democratic, Nippon Steel, United Steelworkers, ”, Japan Locations: TOKYO, Japan, Washington, Tokyo, China, Russia, North Korea, U.S, York, Japanese, Pittsburgh, ” Japan, United States, Temple, Hong Kong

☆ China economy: Beijing approves $1.4 trillion debt package in latest measure to boost flagging growth
▼ + stars: | 2024-11-08 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Lan revealed that, as of the end of 2023, China had an enormous hidden debt balance of 14.3 trillion yuan ($1.99 trillion). Officials aim to trim that amount to 2.3 trillion yuan ($320 billion) by 2028. Hitting a growth targetThe scale of the debt swap, seen as underwhelming by some investors, was largely in line with the expectations of economists. Still, at this pace of growth, there’s a risk Beijing may miss its growth target rate of around 5%. Since then, economists have been expecting additional stimulus measures worth up to 10 trillion yuan ($1.4 trillion) to restore bullishness in the world’s second-largest economy.

Persons: Donald Trump, Lan Fo’an, ” Lan, Lan, Larry Hu, Xi Jinping Organizations: Hong Kong CNN, House, Finance, National People’s Congress, “, Macquarie Bank, Reuters Locations: China, Hong Kong, Lan, Beijing

Despite a difficult quarter, McDonald’s looks resilient in the face of various pressures, analysts say — something the company shares with U.S. consumers overall. “The spotlight is always on McDonald’s because it’s so big” and something of a “bellwether,” she said. That spurred former President Donald Trump to sling fries this month at a Philadelphia-area McDonald’s in a photo op. Like many major brands, McDonald’s raked in big profits as the economy reopened from the pandemic. “The thing that McDonald’s had struggled with, and why I think we’re seeing kind of an inflection point, is a value proposition,” Senatore said.

Persons: McDonald’s, Mickey D’s, Chris Kempczinski, Kempczinski, Gordon Haskett, ” Kempczinski, Ravi Dhar, ”, Sara Senatore, Kamala Harris, Donald Trump, Mickey D’s ’, Senatore, they’d, —, Eric Thayer, ” Senatore, Sam Oches, Oches, ‘, “, Jim Salera, Stephens, Jack Kleinhenz, hasn’t, “ They’re, ” Oches Organizations: U.S, Yale University’s Center, Bank of America, Bloomberg, Getty, Coca, Walmart, Target, Walgreens, JetBlue, Democratic, National Retail, JPMorgan Locations: U.S, Philadelphia, Connecticut, Amazon

☆ ‘Venom 3’ slinks to $51 million, lowest opening weekend of comic book trilogy
▼ + stars: | 2024-10-28 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +6 min

1 at the box office, but the comic book film fell significantly short of expectations. After much bigger launches, the first “Venom” powered to $856 million worldwide while “Let There Be Carnage” surpassed $500 million worldwide. The follow-up to 2019’s billion-dollar hit “Joker” has turned into a box office disaster with $57.8 million domestically and $201.1 million globally. The R-rated sequel to 2022’s “Smile,” which topped the box office last weekend, has generated $40.7 million in North America and $83 million worldwide to date. The well-reviewed family film has endured at the box office with minimal week to week drops, amassing $111 million domestically and $232 million worldwide so far.

Persons: “, Tom Hardy, ”, Venom, Kelly Marcel, Hardy, Eddie Brock, Jeff Bock, ’, Robert Zemeckis, Tom Hanks, Robin Wright, Dwayne “, ” Johnson, “ Moana, David A, Gross, Ralph Fiennes, Edward Berger, Audiences, Andrew Garfield, Florence Pugh, Sean Baker’s Palme d’Or Organizations: Marvel, Sony, Yankees, Dodgers, Rotten, Entertainment Research, Warner Bros, Catholic, Universal, DreamWorks, Cannes Locations: New York City, Los Angeles, North America, CinemaScore, Russian

☆ Manchester United sack manager Erik ten Hag after dismal start to the season
▼ + stars: | 2024-10-28 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Erik ten Hag, Manager of Manchester United, reacts as he looks on during the Premier League match between West Ham United FC and Manchester United FC at London Stadium on October 27, 2024 in London, England. Manchester United sacked Erik ten Hag as the club's first-team manager on Monday following a dismal start to the Premier League season. The move brings an end to months of speculation about Ten Hag's future at Manchester United. Shares of Manchester United, which is listed on the New York Stock Exchange, rose 3% in premarket trading. The Glazer family, which has owned Manchester United since 2005, retain a majority stake under the terms of the deal.

Persons: Erik, Hag, Ruud van Nistelrooy, Jim Ratcliffe, Ratcliffe, Glazer, Alex Ferguson Organizations: Manchester United, Premier League, West Ham United FC, Manchester United FC, London, Manchester, Manchester City, New York Stock Exchange, Ineos, Ratcliffe's Locations: London, England, Dutch, West Ham

☆ Hermès isn't just surviving the luxury slump — it's thriving
▼ + stars: | 2024-10-24 | by ( Maria Noyen | ) www.businessinsider.com time to read: +5 min

The French fashion house is bucking the trend of the luxury industry as competitors like LVMH stutter. Hermès is succeeding while peers struggle because it follows the law of luxury to a tee, analysts say. AdvertisementIf the luxury slump is an epidemic, Hermès is managing to stay immune. The fashion house is reaping the rewards of a long-term strategy and abiding by the fundamental laws of luxury. AdvertisementIn the luxury fashion world, there's a growing belief that "getting attention is everything," Pedraza said.

Persons: Hermès, —, LVMH, Kering, Hermès Birkin, Sarah Jacobs, Carole Dupont, Eric du Halgouët, Pietri, Martin, Roll, Milton Pedraza, Pedraza, Hermés Organizations: Service, New York Loan, Business, Investor Relations, Hermès, Finance, McKinsey, Paris Thomson Reuters, Luxury Institute Locations: Asia, Japan, China, Switzerland, Paris, LVMH

☆ China pumps half a trillion dollars into beleaguered property sector. But that’s not enough
▼ + stars: | 2024-10-17 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Since then, economists have been expecting an additional stimulus package worth up to 10 trillion yuan ($1.4 trillion) to restore bullishness in the world’s second-largest economy. Chinese Housing Minister Ni Hong attends a press conference on the property sector in Beijing, China, on October 17, 2024. Widespread concernThe ailing property sector is widely believed to lie at the root of China’s numerous economic woes. It also cut the reserve requirement ratio for banks by half a percentage point, which would free up about 1 trillion yuan ($142 billion) for new lending. The resulting crisis has resulted in a precipitous fall in real estate prices and loss of confidence among consumers.

Persons: Xi Jinping, Housing Ministry didn’t, Larry Hu, “, ”, Ni, Minister Ni Hong, Florence Lo, Xiao Yuanqi, Pan Gongsheng Organizations: Hong Kong CNN, Housing Ministry, Macquarie, CNN, ” Investors, Ministry of Housing, Ni Hong, Minister, Administration Locations: China, Hong Kong, Shanghai, Beijing

☆ Morgan Stanley is about to report earnings — here's what to expect
▼ + stars: | 2024-10-16 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

In this articleTed Pick, CEO Morgan Stanley, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Morgan Stanley is set to report third-quarter earnings before the opening bell Wednesday. Here's what Wall Street expects:Earnings: $1.58 a share, according to LSEGRevenue: $14.41 billion, according to LSEGWealth management: $6.88 billion, according to StreetAccountTrading: Equities of $2.77 billion, Fixed Income of $1.85 billion, according to StreetAccountInvestment Banking: $1.36 billion, according to StreetAccountMorgan Stanley has several tailwinds in its favor. Finally, its Wall Street rivals have posted better-than-expected trading results, making it unlikely that the firm missed out on elevated activity. JPMorgan Chase , Goldman Sachs and Citigroup topped expectations, helped by better-than-expected revenue from trading or investment banking.

Persons: Ted Pick, Morgan Stanley, StreetAccount Morgan Stanley, JPMorgan Chase, Goldman Sachs Organizations: LSEG Revenue, Wealth, Investment, JPMorgan, Citigroup Locations: Davos, Switzerland

☆ Even the strongest pillar of the Chinese economy is showing signs of weakness
▼ + stars: | 2024-10-15 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

China's export growth slowed in September, raising concerns about future economic stability. China may delay further economic stimulus ahead of the US election, anticipating potential tariffs. The market had expected China's exports to grow 6% on-year in September, according to a Reuters' poll of economists. AdvertisementThe timing of the decline in China's exports also came at an untimely moment — weeks before the US presidential election. Beijing has rejected this view, saying the West's accusations are protectionist and aimed at containing China's economic growth.

Persons: —, hasn't, Lu Daliang, Donald Trump, Rory Green, GlobalData.TS Lombard, Green Organizations: Service, Reuters, EU, Administration of Customs, Nomura, BofA Securities, Republican, Authorities, Trump, US Locations: China, Japan, South Korea, Beijing

☆ Obama’s reemergence on the campaign trail for Harris comes as he recognizes his own legacy is at stake
▼ + stars: | 2024-10-13 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +14 min

This past Wednesday alone, he recorded 21 videos for the Harris campaign. Obama acolytes have spent the last eight years rationalizing Trump as the last gasp backlash to the Democrat and his presidency. While most of the party leaders Harris called that Sunday afternoon, including Bill Clinton, and immediately pledged support, Obama held off. Harris advisers knew Obama and former House Speaker Nancy Pelosi favored an open process to find a new nominee. And according to people who know about the conversations, he checks in with several of his own closest aides now helping run Harris’ campaign, such as current campaign chair Jen O’Malley Dillon and his own 2008 campaign manager, David Plouffe.

Persons: Barack Obama, Obama’s, president’s, Harris, Obama, Kamala Harris, Joe Biden, Donald Trump’s, He’s, he’d, Trump, rationalizing Trump, Bruce Springsteen, ”, Hannah Hankins, ” Obama, Kai Jones, Biden, Jones, Obama “, ” Austin Davis, It’s, Hakeem Jeffries, Michelle, Jeffries, Alexandria Ocasio, Cortez, Marie Gluesenkamp Perez, Mary Peltola, Chuck Schumer, Pennsylvania Sen, Bob Casey, Casey, Elissa Slotkin, Ruben Gallego, Josh Shapiro, Arizona Sen, Mark Kelly, he’s, Kelly, “, Harris Obama, Mike Donilon, —, Bill Clinton, diehards, feckless, Nancy Pelosi, Jen O’Malley Dillon, David Plouffe, she’s, Michelle Obama, She’s, Paige Mirsky, hadn’t, ” Mirsky, Eric Swanson, Swanson, Pitt, ” Amelia Staresink, Sara Kulkarni, Eve Majewski Organizations: CNN — America, CNN, Democratic, Trump, Democrat, Netflix, House, Democratic Party, “, University of Pittsburgh, Washington, New, Democratic House, World Wildlife Federation, New York Rep, Washington Rep, Alaska Rep, Senate, Pennsylvania, Obama, August’s Democratic National Convention, White, Social Security, Republican Locations: Pittsburgh, Pennsylvania, New York, Washington, Alexandria, Michigan, Arizona, Buffalo, Canada, Grant Park

☆ Meet the executive tasked with Citi's hardest challenge: getting the bank's house in order
▼ + stars: | 2024-10-09 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +18 min

For Selva, leading the Transformation is unlike any test he has faced in his three-decade career at Citi. To do so, he has to solve for Citi's decades of underinvestment in its infrastructure, which affects every business line of the bank. Under Selva, Citi was the No. Related stories"The challenge with the Transformation role is you are accountable yet not responsible," the managing director in the Transformation said. Courtesy of CitiBringing in Ryan, the bank's head of technology and business enablement, to help the bank catch up makes sense.

Persons: Jane Fraser, Anand Selva, Selva, Sen, Elizabeth Warren, We've, Fraser, Gonzalo Luchetti, Luchetti, Kathleen Martin, Martin, Mike Mayo, Tim Ryan, Mayo, Vernon Yuen, Adora Tidalgo, Anand, Jim O'Donnell, Win McNamee, Andy Sieg, Tidalgo, Phil Waxelbaum, Jeffrey Warren, Ryan, Warren, Ashutosh Nawani, Japan Mehta, Mehta, Nawani, Tom Williams, Timothy Coffey, Janney Montgomery Scott, they've, Stephen Biggar Organizations: Citigroup, Citi, Federal Reserve, Currency, OCC, Business, underperformance, BI, Citi ., Coimbatore Institute of Technology, Madurai Kamaraj University, Asia Pacific, divesting, Employees, Merrill Wealth Management, PricewaterhouseCoopers, Russell Reynolds Associates, Securities, Exchange Commission, Bloomberg, Getty, Argus Research Locations: Selva, Chennai, India, Asia, who's, Wells, Madurai, Coimbatore, China, Singapore, New York, Fraser, Europe, Ryan

☆ China economy: Government gives $28 billion to local governments as it vows to meet economic targets
▼ + stars: | 2024-10-08 | by ( Juliana Liu | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —China has set aside 200 billion yuan ($28 billion) for investment projects by local governments this year, as it promised to meet its own ambitious economic growth targets. China announced a 5% target growth rate in March, but a series of economic data over the summer has been so weak that economists were worried the goal might be missed. To help local governments struggling with mountains of debt, Beijing will provide 100 billion yuan ($14 billion) from the central government’s budget and an extra 100 billion yuan for investment projects, Zheng said. Nevertheless, investors were disappointed at the lack of details on new fiscal measures,” Fred Neumann, chief Asia economist for HSBC, told CNN. Fiscal measures, on the other hand, can include the use of taxation or other measures to impact public spending more directly.

Persons: ” Zheng Shanjie, Zheng, Xi Jinping, Fred Neumann, What’s, Jia Kang, “, … Jia Kang, –, Xi, ” Organizations: Hong Kong CNN, National Development, Reform Commission, HSBC, CNN, “, Ministry of Finance, Citi, People’s Bank of China Locations: China, Hong Kong, Beijing, Asia, Shanghai, Shenzhen

☆ Dating Apps Helped Me Find Love. Now They've Become a Total Scam.
▼ + stars: | 2024-10-03 | by ( Albert Fox Cahn | ) www.businessinsider.com time to read: +22 min

I spent some time alone after things ended, but by the end of 2012, I was ready to re-embrace online dating. Within a few years, my fellow millennials and I were reportedly spending 10 hours a week on dating apps. "Dating apps are designed to be a miserable experience," Stephanie Rodgers, the founder of the forthcoming dating app Verb, said. Increasingly, it feels like dating apps make things more monotonous and cumbersome to incentivize us to pay for upgrades. And while dating apps' cost in terms of harassment, threats, and violence is paid disproportionately by women, its financial cost is disproportionately paid by men.

Persons: —, I've, I'd, it's, undateable, Phil, begrudgingly, Tinder, Charlotte Fox Weber, Weber, Swiping, Koshiro, Stephanie Rodgers, Rodgers, you'll, we're, curt, It's, I'm Organizations: Congressional, New York Times, Harvard Law, Facebook, Match, The League, Upper East, Grand Central Locations: DC, Washington, Western Europe, East, Asia, Raya, Brooklyn, Americas

☆ With shares at 10-year lows, Assassin's Creed maker Ubisoft faces questions over its future
▼ + stars: | 2024-10-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

In this article UBI-FR Follow your favorite stocks CREATE FREE ACCOUNTUbisoft postponed the release of the next title in its popular "Assassin's Creed" game franchise — called "Assassin's Creed Shadows" — by three months to Feb. 14, 2025. The company, which produces the "Assassin's Creed" franchise, said in updated guidance last week that it has postponed the release of the next title in the popular game series — called "Assassin's Creed Shadows" — by three months to Feb. 14, 2025. "The revised targets are mainly a reflection of decisions taken for Assassin's Creed Shadows and the softer than expected launch for Star Wars Outlaws," Ubisoft said. Ubisoft said that its learnings from the Star Wars Outlaws release pushed it to give more time to polish Assassin's Creed Shadows. Yves Guillemot, CEO and co-founder of Ubisoft, speaks at the Ubisoft Forward livestream event in Los Angeles, California, on June 12, 2023.

Persons: John Keeble, —, Yves Guillemot, Robyn Beck, AJ, Tencent, George Brown, Daniel Kerven, David W Peat, Ubisoft's, Michael Pachter, Alicia Reese, Kade, James Lockyer, Peel Hunt, Covid, Lockyer Organizations: Ubisoft, Getty, Star Wars, Star, Valve, Games, AFP, AJ Investments, CNBC, Deutsche Bank, Deutsche, JPMorgan, Wedbush Securities, company's Star Wars, Outlaws Locations: Los Angeles , California, France, Montreuil , Paris

☆ Using options to bet on a comeback in the athleisure stocks
▼ + stars: | 2024-09-30 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

Nike (NKE) and Lululemon (LULU) are two of the most well-known athleisure stocks. NKE YTD mountain Nike, year-to-date The tricky bit is that the promise of that strategic shift will not be reflected in the company's trailing results when they report this week. Buy NKE March 21 $90 call Sell Oct. 18 $95 call Why did I also include Lululemon, another athleisure laggard, in this? Unlike Nike, Lululemon is still growing, albeit slower than it had been previously. LULU YTD mountain Lululemon, Year-to-date However, Lulu is now trading about 20 times forward earnings estimates, a significantly lower multiple than Nike, trading at 26 times forward profits.

Persons: LULU, Lulu, Elliott Hill, John Donahue, Donahoe Organizations: Nike, Nike flatlined, CNBC, NBC UNIVERSAL Locations: Swiss, LULU

☆ Analysis: China is celebrating National Day but with the economic downturn not everyone is in the party spirit
▼ + stars: | 2024-09-30 | by ( Nectar Gan | ) edition.cnn.com time to read: +10 min

Tourists visit an ancient city gate in Beijing, China ahead of National Day. The stock market may be in the midst of one of its most remarkable turnarounds, but economists say reversing China’s economic downturn will require much more work. “Stimulating the stock market doesn’t really do much for the real economy in China. Very few people invest in the stock market compared to other major markets,” said Logan Wright, director of China markets research at Rhodium Group. Property woesThe outlook for the real estate industry, which makes up about a quarter of the Chinese economy and 70% of household wealth, remains dim.

Persons: Japan’s “, Xi Jinping, Xi, Xu Tianchen, Hong, David Tepper, ”, Logan Wright, Wright, There’s, ” Wright, “, hasn’t, Alfred Wu, Lee Organizations: Hong Kong CNN, Economist Intelligence Unit, Reuters, Shenzhen bourses, Securities Times, Tourists, Management, CNBC, Barclays, Communist Party, Lee Kuan Yew, of Public, National University of Singapore Locations: Hong Kong, China, People’s Republic, United States, Beijing, Shanghai, Shenzhen, Guangzhou, China’s, Xi’s

☆ These are September’s top-performing S&P 500 stocks. Where analysts see them going next
▼ + stars: | 2024-09-27 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Most analysts think that September's top-performing stocks could continue their ascent. September is a traditionally dicey for stocks: It's the worst month of the year for the S & P 500 , according to the Stock Trader's Almanac . With October right around the corner, CNBC Pro used FactSet data to screen for this month's top-performing stocks in the S & P 500 and find out where analysts see them going next. Constellation Energy is up more than 30% on the month, making it September's second-highest performer in the S & P 500. Power company Vistra has surged nearly 196% in 2024, and it's the top performer in the S & P 500 this month.

Persons: Morgan Stanley, David Arcaro, Vistra, Jefferies, Julien Dumoulin, Smith, Raymond James, Brian Gesuale Organizations: Federal, Dow Jones, CNBC Pro, Analysts, Constellation Energy, Microsoft, Constellation, Energy, Software, Palantir Technologies, Oracle, Delta Air Lines Locations: Thursday's

☆ What’s fueling this week’s record-breaking stock rally
▼ + stars: | 2024-09-27 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

New York CNN —The stock market is racking up record highs again. Investors are wasting no time moving into riskier assets from bitcoin to tech stocks after last week’s long-awaited rate cut from the Federal Reserve. Fresh data this week has offered further encouragement that the economy is on solid footing. Applications to refinance a mortgage soared 20% last week from the prior week, according to Mortgage Bankers Association data. Meanwhile, tech shares have continued to gain this week on rate cut optimism and after Micron reported strong earnings.

Persons: Dow, FactSet, ”, Gregory Daco, Freddie Mac, Bitcoin Organizations: New, New York CNN, Federal Reserve, Dow, Nasdaq, Federal, Mortgage Bankers Association, Investors, Employers, Micron, Nvidia, Meta, Financial Times Locations: New York, China, Saudi Arabia

☆ A dismal 'Bridgerton'-themed ball in Detroit is drawing comparisons to the woeful Willy Wonka experience
▼ + stars: | 2024-09-25 | by ( Will Martin | ) www.businessinsider.com time to read: +4 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. AdvertisementThe reality of the event, however, was much less impressive, guests told local media, and posted on social media. Its website displayed a 404 error when Business Insider attempted to visit the page although a sparse website for the event was still online. Uncle & Me LLC did not immediately respond to a request for comment from Business Insider, sent outside regular working hours.

Persons: —, Charming Amecia Fuller, Ragland, Amanda Sue Mathis, Mathis, Willy Wonka, Cameron Morey Organizations: Service, Harmonie, Business, Social, News Detroit, ABC, 7News Locations: Detroit, Bridgerton, Glasgow, UK

☆ China just released aggressive measures to boost its economy — but some analysts say it's still not enough
▼ + stars: | 2024-09-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

"Today's policy measures are bold by historical standards," Betty Wang, the lead economist at Oxford Economics, wrote in a note on Tuesday. Stimulus measures don't address consumptionDespite the fanfare, analysts are divided over whether the moves that ease monetary policy constitute a massive "bazooka" stimulus. AdvertisementMost say the monetary easing policies don't address the lack of confidence contributing to depressed consumer spending. China has pulled out multiple support measures this year to shore up its economy and stock markets, but any kneejerk optimism has been shortlived. Advertisement"Overall, we feel today's measures are a step in the right direction, especially as multiple measures have been announced together rather than spacing out individual piecemeal measures to a more limited effect," Lynn Song, the Greater China chief economist at ING bank, wrote on Tuesday.

Persons: —, Pan Gongsheng, Pan, Betty Wang, Wang, it's, Nomura, Lynn Song Organizations: Service, People's Bank of China, Business, Analysts, Oxford Economics, CSI, Nomura, ING Locations: Beijing, China, Greater China

☆ A top-1% fund manager warns Warren Buffett is behaving like he did before the dot-com crash — and says the S&P 500 could see dismal returns for a decade
▼ + stars: | 2024-09-21 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

He's also outperformed the S&P 500 over that time by returning 14% per year on average versus the index's 13.8% annualized gains. Between July and September 1999, Buffett shared his outlook for the market in a series of talks that were summarized by Fortune's Carol Loomis in November of that year. AdvertisementSince then, however, investors have enjoyed 15 years of ultra-low interest rates and growing corporate profits — a fact that has Smead worried. "The only problem is it's a curse on long-term S&P 500 performance," Smead said of the 15-year run. Related storiesBaked into Smead's outlook is an against-consensus view that inflation is set to surge again as the Fed cuts interest rates.

Persons: —, Bill Smead, Warren Buffett, Charlie Munger, Smead, Munger, He's, Buffett, Fortune's Carol Loomis Organizations: Service, Business, Morningstar, Apple, Bank of America

☆ Harris accepts CNN debate invitation for October 23, again challenging Trump to another showdown
▼ + stars: | 2024-09-21 | by ( Samantha Waldenberg | ) edition.cnn.com time to read: +2 min

CNN —Vice President Kamala Harris on Saturday accepted an invitation from CNN to debate former President Donald Trump on October 23, challenging her rival to another engagement on a public stage in the final weeks of the campaign. “Vice President Harris is ready for another opportunity to share a stage with Donald Trump,” campaign chair Jen O’Malley Dillon said in a statement. “Donald Trump should have no problem agreeing to this debate.”Harris tweeted Saturday that she “will gladly accept a second presidential debate” and that she hopes Trump “will join” her on October 23. The debate would mirror the first 2024 presidential debate in June between Trump and President Joe Biden, taking place at CNN’s studios in Atlanta, according to the network. After a dismal performance at that Atlanta debate, Biden eventually bowed out of the race and endorsed Harris as the Democratic nominee.

Persons: Kamala Harris, Donald Trump, Harris, Jen O’Malley Dillon, “ Donald Trump, ” Harris, “, Trump, ”, Joe Biden, ” Harris ’, Biden Organizations: CNN, Trump, ABC, ”, Democratic Locations: Atlanta, Philadelphia, California, United States, American

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