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☆ 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, “

Sean "Diddy" Combs is expected to appear Thursday afternoon before the federal judge in New York assigned to oversee his trial, which the embattled hip-hop mogul’s lawyers would like to begin next spring. Deadlines may be set for various issues related to the trial of Combs, 54, who pleaded not guilty last month to charges of sex trafficking, racketeering and transportation to engage in prostitution. A lawyer said Combs “vehemently denies” claims related to that case. Another lawyer for Combs, Marc Agnifilo, has similarly denied the criminal allegations against him. However, they told Judge Arun Subramanian there is “voluminous” evidence in the case, including “several terabytes of electronic material,” which they’ve begun to turn over to the defense.

Persons: Sean, Diddy, Combs, ” Erica Wolff, “, Casandra ‘ Cassie ’ Ventura, Combs “, ”, Marc Agnifilo, “ He’s, ” Agnifilo, Arun Subramanian, they’ve Organizations: Bad Boy Records, ”, ” Prosecutors Locations: New York, Brooklyn, New York City

At least five deaths have been confirmed in St. Lucie County on the state’s Atlantic coast, where tornadoes touched down. The city’s mayor told reporters that no serious injuries or deaths have been reported there in the wake of the storm. Ron DeSantis told reporters at a briefing Thursday morning. Search and rescue teams worked overnight to save families and pets, DeSantis told reporters. Milton made landfall just 13 days after Helene devastated the Southeast, breaking the record for the shortest amount of time between two major hurricanes in Florida.

Persons: Milton, Ron DeSantis, ” DeSantis, Hurricane Helene, ”, DeSantis, Nadia Zomorodian, Joe Biden, ” Biden, “, Helene Organizations: Gov, Residents, USA, Coast Guard, National Weather Service, Sunshine State Locations: Florida, Siesta, Tampa, St, Lucie County, St . Petersburg, Volusia County, Venice Beach, Sarasota County, Petersburg, South Daytona, Fla, Milton, Cape Canaveral, U.S, Georgia , North Carolina, South Carolina , Tennessee, Virginia

Just over a month after the space opened to the public, it was decimated by Hurricane Helene. They developed the idea of DayTrip as a space for the queer community, featuring a bar and a coffee shop. The DayTrip before Hurricane Helene. “It looked like the building got picked up, spun around, shaken and then dropped back down.”The DayTrip after Hurricane Helene. Besides setting aside money to rebuild DayTrip, Davis said they have used funds to compensate employees, as well as donate to local volunteering efforts.

Persons: Brandon Davis, Davie, Davis, Hurricane Helene, Brandon Davis Hurricane Helene, Brandon, “, we’ve, ”, David, Meredith Sims, We're Organizations: Brandon Davis Hurricane, NBC, Asheville, NBC News, Federal Emergency Management Agency, FEMA Locations: Asheville , North Carolina, Hurricane, Florida, Appalachia, DayTrip, Buncombe County, Asheville, County

☆ Florida wakes to Milton's destruction and Vegas says goodbye to the Tropicana casino: Morning Rundown
▼ + stars: | 2024-10-10 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +8 min

Hurricane Milton leaves a trail of destruction in Florida. Milton sweeps through Florida after a destructive landfallFlorida communities are waking up to destruction left by Hurricane Milton as the storm tore through the state — the second major hurricane to hit in two weeks. More Hurricane Milton coverage:Milton intensified at one of the fastest rates in recorded history. ➡️ An NBC News poll found Harris and Trump voters see their candidates representing “change” but in very different ways. The iconic Tropicana casino was imploded to make way for a proposed $1.5 billion stadium to house the Oakland Athletics ahead of the team’s planned move to Sin City in 2028.

Persons: Milton, Hurricane Milton, Sheriff Keith Pearson, ” Pearson, “, Tom, Helene, Dan ”, Hurricane Helene, Dow Jones, pare, Nasir Ahman Tawhedi, Tawhedi, Biden, Harris, Donald Trump riled, Kamala Harris, Trump, Marxist ”, ” Trump, “ Somebody, ‘, ”, ➡️ Trump, ➡️ Harris, Glock, Josh Shapiro, Elon Musk, Kari Lake, Ruben Gallego, Maya Huter, — Rich Bellis, you’re, Elizabeth Robinson Organizations: CIA, Las, Hurricane, Field, Tampa Bay Rays, West Palm Beach, Florida National Guard, Hurricane Milton, NBC, Federal, Wall Street, FBI, U.S ., ISIS, Republican, Trump, Harris Former, Marxist, Democratic Party’s, ➡️, Democratic Rep, Arizona Senate, Tropicana, Oakland Athletics, Sin City, Walmart Locations: Florida, An Afghan, Milton, Siesta, St . Petersburg, West Palm, Lucie County, U.S, Tampa, Hurricane, Afghanistan, Scranton , Pennsylvania, Harris, Scranton, Colorado , California , Illinois, New York, Pennsylvania, Arizona, Sin

Ahead of the latest monthly inflation reading, consumers are still coming to terms with the sticker shock of everyday goods and services prices — and lingering uncertainty about the economy. The pace of consumer price growth was expected to have remained largely unchanged in September, according to Dow Jones estimates. Harris has narrowed the gap in some surveys about which presidential candidate would be better on economic issues, but Trump still leads on that metric. Analysts generally agree that’s a sign the economy remains on solid footing, at least according to the data. Today’s inflation numbers could cause Wall Street to pare back expectations of an interest-rate cut at the Federal Reserve’s next meeting in November.

Persons: Dow Jones, Donald Trump, Kamala Harris, Biden, Trump, Harris, —, ”, Bill Dunkelberg Organizations: Democratic, University of Michigan Consumer Survey, Biden, AAA, Federal, National Federation of Independent Locations: November’s, pare

☆ 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

☆ 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

☆ Dollar hovers near two-month peak as Fed easing bets ebb before inflation data
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar traded near a two-month peak against major peers on Thursday as markets grew more confident about a patient approach from the Federal Reserve to further monetary easing, even as a key inflation report loomed later in the day. The U.S. dollar traded near a two-month peak against major peers on Thursday as markets grew more confident about a patient approach from the Federal Reserve to further monetary easing, even as a key inflation report loomed later in the day. The euro languished near its lowest since Aug. 13, while against the yen, the dollar hovered close to its strongest level since Aug. 15. The dollar index was little changed at 102.86 as of 0024 GMT, sticking close to Wednesday's high of 102.93. The greenback eased 0.18% to 149.035 yen , but was not far from the overnight peak of 146.365.

Persons: Kyle Rodda, —, Rodda, Mary Daly Organizations: U.S ., Federal Reserve, Reuters, U.S, CPI, Francisco Fed, Traders, New Locations: U.S

☆ The Fed is finally cutting rates, but banks aren't in the clear just yet
▼ + stars: | 2024-10-10 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., September 18, 2024. REUTERS/Tom BrennerFalling interest rates are usually good news for banks, especially when the cuts aren't a harbinger of recession. That's because lower rates will slow the migration of money that's happened over the past two years as customers shifted cash out of checking accounts and into higher-yielding options like CDs and money market funds. When the Federal Reserve cut its benchmark rate by half a percentage point last month, it signaled a turning point in its stewardship of the economy and telegraphed its intention to cut rates by another two full percentage points, according to the central bank's projections, boosting prospects for banks. The bank is expected to report $4.01 per share in earnings, a 7.4% drop from the year-earlier period.

Persons: Jerome Powell, Tom Brenner, Chris Marinac, Janney Montgomery Scott, JPMorgan Chase Organizations: Federal, Committee, REUTERS, Federal Reserve, JPMorgan Locations: Washington , U.S

☆ NY Fed's John Williams: Appropriate to continue reducing rates to a more neutral setting over time
▼ + stars: | 2024-10-10 | 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 EmailNY Fed's John Williams: Appropriate to continue reducing rates to a more neutral setting over timeCNBC's Steve Liesman reports on the latest news from the Federal Reserve.

Persons: John Williams, Steve Liesman Organizations: Federal Reserve

☆ Far-right conspiracy site Gateway Pundit settles 2020 defamation lawsuit brought by Georgia election workers
▼ + stars: | 2024-10-10 | by ( Marshall Cohen | ) edition.cnn.com time to read: +2 min

Washington CNN —Gateway Pundit, the far-right conspiracy site, has settled a defamation lawsuit from two Georgia election workers who were falsely accused of rigging the 2020 results. The Gateway Pundit, infamous for publishing extremely partisan and sensationalized material, often dabbles in baseless right-wing conspiracy theories. The company tried to declare bankruptcy in April, saying the 2020 defamation cases were threatening its solvency. Gateway Pundit is appealing that ruling. Freeman, Moss and Giuliani have a major hearing on the debt-collection efforts scheduled for next week in federal court in New York.

Persons: Ruby Freeman, Shae Moss, Rudy Giuliani, Jim Hoft, Donald Trump, Freeman, Moss, Giuliani, CNN’s Katelyn Polantz Organizations: Washington CNN —, Trump, CNN, New York Yankees Locations: Georgia, Decemeber, New York

☆ Judge to gag Diddy lawyers and feds after courtroom argument about 'racist prosecution'
▼ + stars: | 2024-10-10 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +8 min

A judge said he'd impose a gag order on the lawyers in Sean "Diddy" Combs' sex-trafficking case. AdvertisementThe judge overseeing Sean "Diddy" Combs' criminal sex-trafficking case said he plans to impose a gag order on its lawyers after a heated courtroom argument over a defense attorney's remarks that the prosecution is "racist." Advertisement"Our investigation is very much ongoing, and there is a possibility that there could be a superseding indictment that could affect the length of the trial," Johnson said. Ahead of trial, Combs has been incarcerated in the Metropolitan Detention Center, a notorious federal jail in Brooklyn. Advertisement"That material is important for our case," Johnson said.

Persons: he'd, Sean, Diddy, Combs, they're, —, Arun Subramanian, Marc Agnifilo's, Emily Johnson, Johnson, Agnifilo, baselessly, Damian Williams, Subramanian, he'll, Cassandra Ventura, Ventura, Alexandra Shapiro, Sam Bankman, Anthony Ricco, Anna Estevao, Gloria Allred, Thalia Graves, Allred, Emily Anne Johnson, haven't Organizations: feds, Service, TMZ, Southern, of, Prosecutors, Metropolitan Detention Locations: Manhattan, of New York, Brooklyn, Los Angeles, Combs ' Manhattan, Miami, Florida

“To date, GSA has entered into an MOU with the Harris transition team outlining the terms for space and services, and is prepared to provide services to the Trump transition team once an MOU is executed and services are accepted,” a GSA spokesperson said. The Harris team has also submitted its ethics plan; the Trump team has not. The federal transition coordinator, a White House spokesperson told CNN, is “actively working” with the former president’s transition team to complete its MOU. Inside Biden administration preparationsThe Biden administration began preparing for this transition in 2023, starting with the appointment of a federal transition coordinator, a senior career official who serves as the main liaison between the candidates and eventual president-elect. “We were waiting for the phone calls [from the Trump team], waiting for people to show up, and they never did.

Persons: Donald Trump’s, Max Stier, “, ”, Trump, Chris Lu, Barack Obama’s, Harris, Biden, Linda McMahon, Cantor Fitzgerald, Howard Lutnick, Joe Biden, Yohannes Abraham, ” Stier, Stier, Chris Christie, Christie, Mike Pence, Obama, Jason Miller, Aimee Whiteman, Valerie Boyd, Bush, John McCain, Lu, George W, Al Gore’s, Harris ’, Boyd, Trump’s, –, you’re Organizations: CNN, Public Service, White, Office of Management, Budget, General Services Administration, Republican, Democratic, ’, Trump, Small Business Administration, Association of Southeast Asian Nations, GSA, ”, House, New, New Jersey Gov, Biden, Activity, OMB, Center, Partnership for Public Service, Senate Locations: Indonesia, New Jersey, Florida

☆ 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

☆ The Contests, Clubs and Big Promises of Trump’s Fund-Raising Emails
▼ + stars: | 2024-10-10 | by ( Karen Yourish | Lazaro Gamio | ) www.nytimes.com time to read: +26 min

It has offered adherents myriad “exclusive” opportunities to join clubs to give counsel to Mr. Trump, and it has repeatedly claimed that Mr. Trump is personally reviewing lists of small donors. The New York Times looked at some 7,400 emails sent by the Trump campaign since Mr. Trump entered the presidential race. Ms. Harris, and before her Mr. Biden, have far outpaced Mr. Trump in fund-raising this cycle, including from small-dollar donors. But both in sheer number (about 75 emails per week, on average, throughout this campaign cycle) and in syntax, the former president’s campaign emails stand out. Similar questions have arisen about contests Mr. Trump’s campaign and political action committee have run in years past.

Persons: Donald J, Trump, Trump Tour “, MAGA, Vance, Melania, Blue, ”, Santa, ” MAGA, Red Trump, MAGA ”, Brandon, “ Trump, “, Biden, Joe, Patrick’s, White, Pink, Red MAGA, Black MAGA, Trump “ I’m, Gray, Kamala Harris, Harris, Mr, Biden’s, ’, Trump’s, missive, BIDEN, you’ll, President Trump, Email, William McGuffin, McGuffin, ” Kyle, Beth Hilfer, ” Email, ” “, Trump “, Trump ”, Harris’s, Biden ”, Joe ”, Let’s, Brandon ”, Brian Hughes, YOU Organizations: New York Times, Trump, Trump Tour, Trump Tour “ Trump Force, Bedminster, Florida, Trump International, Republican National Convention, Miami Grand Prix, Houston Meet Trump, Trump Jr, Trump Meet Trump, Trump Force, Trump American, Trump Patriot, Trump Georgia, Trump Campaign, Trump Defense Task Force, Trump Free, Trump Official Trump, President’s, Melania Trump, Board, Trump Life, Trump Gold Club, Trump Diamond Club, Club, Trump VIP, Trump VP, Blue Trump, Trump Trump, MAGA, Trump MAGA, Santa Trump, Red Trump MAGA, White Trump MAGA, MAGA ” Trump, Beijing Biden, TRUMP, TNN, ” Trump, Black, “ Trump, Trump “, Trump “ Trump, Democratic, Mr, Biden, Data & Society, CLUB, WIN, The Times, Times, Formula One’s Miami, Prix, Federal, Patriots, “ Trump Force, American Express, “, TOP, Stockings Locations: Nashville Trip, Lexington, Ky, Beverly Hills, Costa Mesa, Calif, Dallas, Houston, Hallandale Beach, Fla, Trip, Vegas, London, New Orleans, N.J, Trump, Park City, Utah, Red, Delaware, Las Vegas, New York, America

As long as inflation continues to come down, the Fed should continue cutting rates, allowing mortgage rates to ease as well. But what happens in the labor market will also have a big impact on how mortgage rates trend for the rest of 2024. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile.

Persons: they've, Freddie Mac Organizations: Fed, Federal Reserve, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs Locations: Chevron

☆ US sting operation catches crypto firms 'wash trading' to boost token values
▼ + stars: | 2024-10-10 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

A tip from the SEC led federal prosecutors to set up a fake company to bust crypto market manipulators. The firms are charged with "wash trading," artificially increasing trade volume to boost token prices. The case marks the first such charges against crypto firms, prosecutors say. The charges are the first in the crypto industry related to "wash trading." The sting charged ZM Quant, CLS Global, and MyTrade with wash trading related to their communications with NexFundAI.

Persons: —, Jodi Cohen, cryptocurrency –, Joshua Levy Organizations: SEC, Service, Securities and Exchange Commission, FBI, CLS Global, NexFundAI, Boston, United Locations: Boston, Saitama

☆ Biden tells Trump to ‘get a life’ over storm misinformation, promises Milton survivors they’ll get the help they need
▼ + stars: | 2024-10-10 | by ( Michael Williams | ) edition.cnn.com time to read: +4 min

President Trump — former President Trump — get a life, man. But, he warned, it has only been hours since Hurricane Milton made landfall and it was still too early to fully assess damages across the state. “Vice President Harris and I have been in constant contact with state and local officials,” the president added. Federal officials warned that in some cases the rumors are designed to prevent people who need help from seeking it. Biden has also spoken with numerous other lawmakers, including staunch Trump supporter and Florida Republican Rep. Anna Paulina Luna and Florida Republican Sen. Rick Scott.

Persons: Joe Biden, Hurricane Milton —, Donald Trump, Biden, “ Mr, Trump, Trump —, Hurricane Helene, Milton, ” Biden, “ It’s, Harris, “, he’s, Ron DeSantis, it’s, DeSantis, Harris “, Deanne Criswell, Helene, Milton —, Anna Paulina Luna, Florida Republican Sen, Rick Scott Organizations: Washington CNN, Hurricane, House, White, Florida Gov, Federal Emergency Management Agency, Fox News, Biden, FEMA, Trump, Florida Republican Rep, Florida Republican Locations: Hurricane, Florida, Harris

☆ Fed minutes: Aggressive rate cuts don't feel right, strategist says
▼ + stars: | 2024-10-10 | 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 EmailFed minutes: Aggressive rate cuts don't feel right, strategist saysDhaval Joshi, chief strategist at BCA Research, discusses the minutes from the Federal Reserve's September meeting and the state of the U.S. economy.

Persons: Dhaval Joshi Organizations: BCA Research, Federal Locations: U.S

☆ Girard: The Fed focuses on core CPI, excluding food and energy prices
▼ + stars: | 2024-10-10 | 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 EmailGirard: The Fed focuses on core CPI, excluding food and energy pricesMichelle Girard, Head of NatWest Markets, highlights the importance of core CPI for the Federal Reserve in assessing inflation trends.

Persons: Michelle Girard , Organizations: Girard, Michelle Girard , Head, NatWest Markets, Federal Reserve

☆ Florida Gov. Ron DeSantis on hurricane relief: We leverage whatever resources are available to us
▼ + stars: | 2024-10-10 | 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 EmailFlorida Gov. Ron DeSantis on hurricane relief: We leverage whatever resources are available to usFlorida Governor Ron DeSantis joins 'Squawk Box' to discuss the impact of Hurricane Milton, state of recovery efforts, his thoughts on the federal response, and more.

Persons: Ron DeSantis, Florida Governor Ron DeSantis Organizations: Florida, Florida Governor Locations: Hurricane Milton

☆ Treasury yields slightly higher as investors await inflation data
▼ + stars: | 2024-10-10 | by ( Karen Gilchrist | ) www.cnbc.com time to read: 1 min

The 10-year Treasury yield was almost a basis point higher at 4.072%, while the 2-year Treasury was virtually flat at 4.013%. U.S. Treasury yields were mixed Thursday as investors continued to digest meeting minutes from the Federal Reserve and awaited fresh inflation data. 10-year Treasury yields have been climbing steadily over recent days, jumping to 4% on Monday after last week's stronger labor market readings, and following the Fed's cut. In recent days, it has hit its highest level in more than two months. Investors are looking ahead on Thursday morning to fresh consumer price index data to get a handle on the current course for inflation.

Organizations: Treasury, U.S, Federal Reserve, Federal

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

☆ Fed will cut rates by 100 basis points this year, says IBM's Gary Cohn
▼ + stars: | 2024-10-10 | 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 EmailFed will cut rates by 100 basis points this year, says IBM's Gary CohnGary Cohn, IBM vice chair, joins 'Money Movers' to discuss how investors should feel about inflation, what the Federal Reserve should do, and how Cohn would prefer the last mile of inflation be wiped away.

Persons: Gary Cohn Gary Cohn, Cohn Organizations: IBM, Federal

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