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☆ CNBC Daily Open: The economy and inflation might stay strong
▼ + stars: | 2024-10-15 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Data on employment, inflation and economic growth have signaled that the "economy may not be slowing as much as desired," Waller said. A soft landing is the scenario in which inflation drops to the Fed's 2% target while economic growth and employment remain healthy. A "no landing," on the other hand, is when the economy continues expanding as inflation remains high.

Persons: Jefferies, Kelly Ortberg, Christopher Waller, Waller, Fed Governor Waller, Henry Allen, Ohsung Kwon, BofA, Kwon, –, Jeff Cox, Sarah Min, Lisa Kailai Han, Yun Li Organizations: Shoppers, Miami Design District, CNBC, Grand View Research, Boeing, P Global, U.S . Federal, Fed, Deutsche Bank, Bank of America Securities Locations: Miami , Florida, U.S

☆ A 32-year market vet shares 5 labor market indicators showing the US economy is barreling toward a recession — putting an overvalued stock market at risk for major declines
▼ + stars: | 2024-10-12 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

This is while S&P 500 valuations remain high, putting the market at risk for big declines. In a September note, Wolfenbarger shared the below chart from Bank of America showing 19 of 20 valuation measures they monitor as being overvalued. That means the S&P 500 would have to fall 60% just to return to the historical average. But it's still unclear how accurate the September jobs data is. Future revisions and further lackluster jobs data could resume investor fears that a downturn is a serious potential threat.

Persons: Jon Wolfenbarger, —, Merrill Lynch, St, Louis Fed, Wolfenbarger, September's, it's, David Rosenberg Organizations: Service, Federal Reserve, Bureau of Labor Statistics, JPMorgan, Conference Board, Global, Bank of America, Rosenberg Research, Nvidia Locations: St

☆ Iran is threatening to break its fragile truce with Saudi Arabia: reports
▼ + stars: | 2024-10-11 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Iran has threatened to attack Saudi oil sites if the Gulf state supports an Israeli attack. AdvertisementThe fragile truce between longtime regional rivals Iran and Saudi Arabia could unravel if Gulf states allow Israel to use their airspace to strike Iran. He reportedly told the officials that Iranian-backed militias in Iraq or the Houthi militia in Yemen could be deployed against Saudi Arabia. It named Jordan, the United Arab Emirates, Saudi Arabia, and Qatar, all of which host US military bases, as countries Iran has threatened with reprisals. GetyAn Iranian attack would likely upend the truce brokered between Iran and Saudi Arabia by China in 2023 that saw the longtime rivals establish diplomatic contacts.

Persons: Abbas Araghchi, —, Ali Shihabi, Jordan, Naftali Bennet, they'd, Mohammed bin Salman's, may've, hasn't, Brent, Vladimir Putin's Organizations: Iranian Foreign Affairs, Reuters, Service, Iran, Foreign, Saudi, Street, United Arab, Hamas, European Council for Foreign Relations, Opec Locations: Iran, Saudi, Saudi Arabia, Israel, Riyadh, Islamic Republic, Iraq, Yemen, United Arab Emirates, Qatar, Lebanon, Syria, Gulf, Iranian, China, Ukraine

☆ My homeowner nightmare
▼ + stars: | 2024-10-10 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +11 min

The moment I saw I had an email from my solar company, I knew my nightmare was about to take another unsettling turn. But he didn't know any more than I did about how much longer my solar panels would remain useless. Meanwhile, my solar panels have been sitting on my roof for four months, entirely unused, taunting me from above. AdvertisementI also reached out to California's Contractors State License Board, which regulates solar companies, asking what recourse SunPower's customers had. But it seems ludicrous to buy a solar system that I had no intention of buying in the first place.

Persons: I'd, SunPower, it's, —, Severin Borenstein, Ernst & Young, Gordon Johnson, Johnson, Forbes, David F, Larcker, Brian Tayan, Pavel Molchanov, Raymond James, There's, haven't, I'm, Vishal Persaud Organizations: Pacific Gas and, Berkeley's Haas School of Business, Nasdaq, GLJ Research, Stock, Industry, Sun Solar, California's Contractors, Board, Business Locations: Fresno , California, New York City, California, America, Fresno, —

☆ Suki just raised $70 million for its healthcare AI assistant to beat out rival Abridge. See the 17-slide pitch deck it used.
▼ + stars: | 2024-10-10 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

Suki just raised $70 million in Series D funding led by Hedosophia for its medical AI assistant. It's competing with hot startups like Abridge as VCs scramble to place their bets in healthcare AI. The startup just landed a $70 million Series D round led by Hedosophia, a secretive UK-based VC firm led by Ian Osborne. Suki's biggest competitor is healthcare AI startup Abridge, which raised a $150 million Series C at a $850 million valuation in February and is backed by big names like Lightspeed Venture Partners and CVS Health Ventures. Here's the pitch deck Suki used to raise $70 million from Hedosophia.

Persons: Suki, Hedosophia, —, Punit Singh Soni, It's, Ian Osborne, transcribes, Kleiner Perkins, Abridge, Soni, EHR, he's Organizations: Service, Flare, Breyer Capital, InHealth Ventures, Fund, Suki's, Lightspeed Venture Partners, CVS Health Ventures, Veterans Health Administration Locations: Abridge, Hedosophia

☆ Shackleton’s Endurance: Incredible new details of sunken ship revealed in 3D scan
▼ + stars: | 2024-10-10 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

CNN —A new 3D scan has revealed previously unseen details of the wreck of Antarctic explorer Ernest Shackleton’s HMS Endurance, which was found in 2022 – more than a century after the ship sank. A boot believed to have possibly been worn by Frank Wild, Shackleton's second-in-command, can be seen. Falklands Maritime Heritage TrustThe 3D images have been released as part of a new documentary film “Endurance,” which will premiere at the London Film Festival on Saturday before being released in UK cinemas from Monday and on Disney+ later in the year. It tells the story of Shackleton’s ill-fated voyage, as well as that of the expedition that discovered the wreck of the Endurance in 2022. The crew of the Endurance eating a meal on board, four months before they were forced to abandon ship.

Persons: Ernest Shackleton’s HMS, Frank Wild, Chai Vasarhelyi, Jimmy Chin, Natalie Hewit, Frank Hurley, Shackleton, ”, Donald Lamont, Sir Ernest Shackleton, Roald Amundsen, CNN’s Barry Neild, Lilit Marcus Organizations: CNN, Maritime Heritage, London, Disney, National Geographic, RGS, Falklands Maritime Heritage Trust Locations: Weddell, Antarctica, South Georgia

☆ NOAA: Solar storm set to arrive, possibly creating auroras as well as affecting communications, GPS systems and power
▼ + stars: | 2024-10-09 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

The severe solar storm, classified as a level 4 on a scale from 1 to 5, also could disrupt communications, the power grid and satellite operations, according to officials at the center. “Geomagnetic storms can impact infrastructure in near-Earth orbit and on Earth’s surface,” according to the Space Weather Prediction Center. But if the storm escalates to a G5, auroras could be visible across southern states and elsewhere around the world. Before then, the last G5 storm to hit Earth was in 2003, resulting in power outages in Sweden and damaging power transformers in South Africa. The solar storm in May was the most successfully mitigated space weather storm in history, Dahl said.

Persons: won’t, Shawn Dahl, Hurricane Milton, Dahl, auroras, John Deere, ” Dahl, we’re, ” Organizations: CNN, Prediction, Federal Emergency Management Agency, Hurricane, Dynamics, NASA, Oceanic, Atmospheric Administration Locations: United States, Alabama, Northern California, American, Eastern, Sweden, South Africa

☆ Brace for stock-market volatility this week if inflation comes in hot after the September jobs report, BofA says
▼ + stars: | 2024-10-07 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

A blockbuster jobs report raises the stakes for upcoming inflation data, BofA analysts say. AdvertisementThe September jobs report was good news, but it gives investors more reason to brace for the next inflation reading, Bank of America analysts say. Economists forecast the CPI report will show inflation continued to cool last month, rising 2.3% year-over-year compared to 2.5% in August. AdvertisementHowever, with the blockbuster September jobs report, some economists say inflation is still a concern. The September jobs report blew past forecasts, with 254,000 nonfarm payrolls added compared to expectations of 150,000.

Persons: —, Brian Rose Organizations: Service, Bank of America, CPI, Fed, UBS

☆ Dollar on a roll after U.S. jobs data and Middle East flare-up
▼ + stars: | 2024-10-07 | by ( ) www.cnbc.com time to read: +3 min

Bank notes of the Chinese yuan, Japanese yen and the U.S. dollar. Japan's yen fell to its lowest in nearly two months and other major currencies too were grappling with losses early on Monday as the dollar extended a rally sparked by Friday's strong U.S. jobs data and an escalation in the Middle East conflict. But that came on top of a more than 4% decline last week, its biggest weekly percentage decline since early 2009. Yields dipped early last week when investors bought safe-haven Treasuries after Iran launched more than 180 missiles against Israel in escalating geopolitical tensions. Market expectations have swung to the extreme for the Federal Reserve to do just a 25 bps cut in November, rather than 50 bps, following the jobs data.

Persons: Friday's, Chris Weston, haven't, Brent, underperformance, Shigeru Ishiba, Sterling, Huw Pill, Andrew Bailey, BoE Organizations: U.S ., Federal, U.S, Treasuries, Federal Reserve, Bank of England Locations: China, East, Israel, Lebanon, Gaza, Iran, Japan

☆ When threats of violence at school flare up, parents in America face ‘an impossible situation’
▼ + stars: | 2024-10-05 | by ( Michelle Krupa | ) edition.cnn.com time to read: +9 min

The mass attack at Winder’s Apalachee High School was at least the year’s 45th school shooting in America. It typically gets 500 in a year, according to an academic study that claims it’s one of the first to quantify more than 1,000 threats of school violence over four academic years. Emily Elconin/Getty ImagesNo agency or group tracks all threats of US school violence, from possible gun attacks to bombings to any other conceivable danger. Atlanta Public Schools hadn’t warned caregivers so broadly of possible danger like this in at least a year, he said. The Fulton County Sheriff’s Office sent 11 motor and K-9 units to help that day, it later told CNN; the Atlanta Police Department deferred CNN’s questions to Atlanta Public Schools.

Persons: “ it’s, –, Emily Elconin, ”, Seth Coleman, didn’t, It’s, “, She’s, I’m, Coleman, she’d Organizations: CNN, Atlanta CNN, Atlanta Public, pinged, Apalachee High, Oxford High School, Psychological, Sheriff’s, Atlanta Public Schools, ., Atlanta Police Department, Atlanta Public Schools . School, ”, Infrastructure Security Agency, FBI Locations: Atlanta, Winder , Georgia, America, Georgia, Florida’s Volusia County, Michigan, Apalachee, Fulton, Winder, . School, ”

☆ Russia is likely trying to exploit the conflict in the Middle East to expand its influence, war experts say
▼ + stars: | 2024-10-03 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +6 min

AdvertisementThe Kremlin is likely trying to exploit the conflicts in the Middle East to expand its own influence, according to military experts. Wall Street's main indexes opened lower again on Thursday amid persistent worries that hostilities in the Middle East could escalate. Advertisement"Russia clearly benefits from the war in the Middle East, at least since it distracts global attention from Ukraine," he added. AdvertisementRussia "wants to appear relevant in the Middle East but not getting sucked in ongoing conflicts," he said. It said it was trying, through these efforts, to regain major influence on Middle Eastern and Eastern Mediterranean gas sales, especially liquefied natural gas.

Persons: —, Hezbollah's, Hassan Nasrallah, Mikhail Bogdanov, Israel, Anatoly Viktorov, Sergey Lavrov, Vladimir Putin, Alexander Libman, Mark N, Katz, doesn't, It's Organizations: Service, Russian, Israel, Lebanese, Israel Defense Forces, TASS, Washington Institute for Near, Policy, Free University of Berlin, George Mason University, Reuters, Jamestown Foundation Locations: Israel, Iran, Russia, Lebanon, Ukraine, Tehran, Red, Iraq, Syria, Palestinian, Eastern

☆ CNBC Daily Open: Minor turbulence for the soft landing
▼ + stars: | 2024-10-02 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Kirk Side | Houston Chronicle | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Port workers along the U.S. East Coast and Gulf Coast started striking Tuesday. Higher oil prices pose a risk to inflation resurging, or at least slowing less than everyone is hoping for. The best-case scenario would be that recent events are just minor turbulence on the way to a soft landing.

Persons: Seabrook . Kirk, Kathy Hochul, Adam Kamins, Christopher Ball, Piper Sandler, Campbell, It's, Steve Liesman, Jeff Cox, Fred Imbert, Lori Ann LaRocco, Sean Conlon, Alex Harring, Brian Evans Organizations: Houston Chronicle, CNBC, U.S ., Gulf Coast, New, Moody's, Quinnipiac University, Nasdaq, Nvidia, Apple Locations: Seabrook ., Port, U.S, U.S . East Coast, New York, New Jersey, Iran, Major U.S, East

☆ CNBC Daily Open: Soft landing hit by minor turbulence
▼ + stars: | 2024-10-02 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Mark Felix | Afp | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Port workers along the U.S. East Coast and Gulf Coast started striking Tuesday. It's just the first days of the port strike and flare-up in Middle East tensions, however. The best-case scenario would be that recent events are just minor turbulence on the way to a soft landing.

Persons: Mark Felix, Kathy Hochul, Adam Kamins, Christopher Ball, Piper Sandler, Campbell, It's, Steve Liesman, Jeff Cox, Fred Imbert, Lori Ann LaRocco, Sean Conlon, Alex Harring, Brian Evans Organizations: Afp, Getty, CNBC, U.S ., Gulf Coast, New, Moody's, Quinnipiac University, Nasdaq, Nvidia, Apple Locations: Seabrook , Texas, Port, U.S, U.S . East Coast, New York, New Jersey, Iran, Major U.S, East

☆ 5 things to watch for at the VP debate: From the Politics Desk
▼ + stars: | 2024-10-01 | by ( The Politics Desk | ) www.nbcnews.com time to read: +11 min

Programming note: Stay tuned for a special edition of the From the Politics Desk newsletter tonight, where we will be recapping and analyzing the Vance-Walz debate. 5 things to watch for at tonight’s VP debateSen. JD Vance of Ohio and Minnesota Gov. Walz has the longer debate record, but Minnesota is something of a backwater on the national political scene. How Vance and Walz’s poll numbers stack up to past VP nomineesBy Steve KornackiHeading into tonight’s vice presidential debate, JD Vance has an image problem. With tens of millions expected to watch tonight’s debate, Vance does have an opportunity to improve his standing — just as a shaky performance by Walz could erase the advantage he now enjoys over Vance.

Persons: JD Vance, Tim Walz's, Vance, Walz, Sen, Tim Walz, Garrett Haake, Will Vance, Donald Trump, Kamala Harris, hasn’t, Harris, who’ve, Vance —, Henry J, Gomez, Peter Nicholas, Harris ’, Emma Barnett, Gen, Raquel Coronell Uribe, Joe Biden, Trump, Biden, Steve Kornacki, James Stockdale, Ross Perot’s, Dan Quayle, George H.W, Bush, Lloyd Bentsen, Quayle, Michael Dukakis, Dan De Luce, Carol E, Lee, Courtney Kube, Monica Alba, Abigail Williams, Israel, Read, Rea, arter Organizations: NBC, White House, Capitol, CBS News, Minnesota Gov, Trump, Democratic, GOP, Quayle Republican, Bentsen Democratic, Biden White, Israel —, Washington Locations: Ohio, New York City, Minnesota, American, Israel, Iran, Tehran, United States, Syria —, U.S

☆ Stocks and bond yields tumble, oil prices spike as Mideast tensions flare
▼ + stars: | 2024-10-01 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Stocks and bond yields fell on Tuesday amid escalating tensions in the Middle East. Crude oil rose more than 3% on speculation that regional conflict will hit production. Gold prices climbed as investors flocked to safe-haven assets. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .

Persons: — Organizations: Service, Israel, White, Traders, Treasury, East Locations: Lebanon, Iran, Israel, West Coasts

☆ Stocks tumble, oil spikes as Mideast tensions flare
▼ + stars: | 2024-10-01 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Gold and crude oil rallied, while the 10-year Treasury yield dropped. On the economic data front, job openings rose unexpectedly in August. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Traders elected to crowd into safe-haven assets like gold as Iran launched a barrage of missiles toward Israel on Tuesday. AdvertisementAs oil rallied, so did gold and the bond market, with investors piling into risk-off assets.

Persons: —, Helima Croft, Quincy Krosby, Bill Adams Organizations: Treasury, Service, Traders, RBC Capital Markets, CNBC, Global, LPL, Labor, Comerica Bank Locations: Israel, Iran, Lebanon

☆ Red light, blue light, or both? I tried all three using the Dr. Dennis Gross DRx Spectralite Facewear Pro LED mask
▼ + stars: | 2024-09-26 | by ( Ashley Morris | Ashley Morris Is An Associate Seo Reporter For Select On Nbc News. | ) www.nbcnews.com time to read: +16 min

SKIP AHEAD How I tried the DRx Spectralite Faceware Pro | My experience with the Dr. Dennis Gross DRx Spectralite Faceware Pro | Who is the DRx Spectralite Faceware Pro best for? What is the Dr. Dennis Gross DRx Spectralite Faceware Pro? You can wear the Dr. Dennis Gross DRx Spectralite Faceware Pro mask for three minutes a day to target fine lines, discoloration and acne-causing bacteria. In short, yes: Dermatology offices nationwide have been using red light therapy for over a decade, according to experts we spoke to in our guide to red light therapy. Who is the Dr. Dennis Gross Drx Spectralite Faceware Pro best for?

Persons: I’ve, Dennis Gross’s, Dennis Gross, Apple, Ashley Morris, —, Solawave, it’s, TikTok Organizations: NBC, University of Wisconsin School of Medicine, Public Health, Therabody’s, Technologies, FDA, Facebook, Twitter Locations: New York

☆ A retired boomer splits his time between Nebraska and Mexico. He says life is affordable in Puerto Vallarta and there's a lively LGBTQ+ community.
▼ + stars: | 2024-09-26 | by ( John Towfighi | ) www.businessinsider.com time to read: +7 min

MacKenzie, 67, owns a condo in Puerto Vallarta, Mexico, with his husband, Darin Templeton. AdvertisementMacKenzie said it was important to visit Mexico and become accustomed to the lifestyle before committing to buying a condo there. In fact, they vacationed in Puerto Vallarta multiple times over six years before purchasing a condo in 2017. He said it feels like "there are more gay bars and clubs" in Puerto Vallarta than in Manhattan, adding that Puerto Vallarta is considered a top LGBTQ+ destination in Latin America. A dinner on Bill MacKenzie's terrace in Puerto Vallarta Courtesy of Bill MacKenzieMacKenzie said Puerto Vallarta has an active foreign population, and his condo complex has residents from Canada, Australia, Panama, and more.

Persons: —, Bill MacKenzie, MacKenzie, Darin Templeton, Templeton, Nebraska MacKenzie, Templeton —, Bill MacKenzie MacKenzie, Mexico MacKenzie, Mackenzie, Bill Organizations: Service, Business, Social Security Administration, Nebraska, Creighton University, Nebraska — Locations: Mexico, Puerto Vallarta, Omaha, San Diego, Sarpy, Nebraska, Bluffs , Iowa, Omaha . Iowa, California, Florida , Texas, Arizona, Florida, Southern California, Manhattan, America, Canada, Australia, Panama, American

☆ China fires ICBM into Pacific Ocean in first such public test in decades as regional tensions flare
▼ + stars: | 2024-09-25 | by ( Nectar Gan | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —China says it successfully fired an intercontinental ballistic missile into the Pacific Ocean on Wednesday, a rare public test that comes amid growing tensions with the United States and its regional allies. An ICBM carrying a dummy warhead was launched at 8:44 a.m. Beijing time and fell into a designated area in the high seas of the Pacific Ocean, the Chinese Defense Ministry said in a statement. This is the first time China has publicly announced a successful ICBM test in the Pacific Ocean in more than four decades. In 1980, China celebrated the successful test of its first ICBM, fired into the South Pacific from the Jiuquan Satellite Launch Center in the country’s northwestern desert. China held more than 500 operational nuclear warheads as of 2023 and will probably have over 1,000 warheads by 2030, the Pentagon said in its annual report on Beijing’s military last year.

Persons: China “, ”, Xi Jinping Organizations: Hong Kong CNN, Chinese Defense Ministry, People’s Liberation Army Rocket Force, Xinhua, ” Xinhua, Force, US Defense Department, Pentagon Locations: Hong Kong, China, United States, Beijing, Russia, Japan

☆ A designer's take on LinkedIn's 'Open to Work' banner went viral. It reignited the platform's most controversial debate.
▼ + stars: | 2024-09-24 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +6 min

But Myers replaced LinkedIn's "#Open to Work" banner with a bright pink sign that read "#Desperate." A controversial banner is bornLinkedIn rolled out its "Open to Work" banner in 2020. AdvertisementThe small visual appears on top of a user's profile image. Courtney Myers' take on LinkedIn's Open to work banner. Along with her "desperate" banner, Myers published a short note on LinkedIn describing her work experience.

Persons: —, Courtney Summer Myers, Myers, Courtney Myers, It's, Kamala Harris, I've, she's Organizations: Service, Business, Disney, Universal, Warner Bros Locations: LinkedIn's, London, Southampton, America, American, United States

☆ Hezbollah fires rockets deep into northern Israel as tensions flare. Here’s what we know
▼ + stars: | 2024-09-22 | by ( Sophie Tanno | ) edition.cnn.com time to read: +7 min

On Saturday Israel pounded Hezbollah targets with nearly 300 strikes it what they described as preemptive action to thwart a planned attack. Hezbollah meanwhile has been launching a barrage of rockets and other projectiles at Israel in what it says is retaliation for Israeli attacks in Lebanon. Israel meanwhile fired nearly 300 projectiles into southern Lebanon on Saturday in what the military said was pre-emptive action against a planned Hezbollah attack. Israel continued its strikes into Sunday, with Lebanon’s official National News Agency (NNA) reporting two people were killed Sunday morning in southern Lebanon. Speaking on Sunday, Netanyahu again put the focus on ensuring the return of Israel citizens to their homes in northern Israel and to restore security in that region.

Persons: pagers, Firass Abiad, Ibrahim Aqil, Tsur Shalom, Israel, Bilal Hussein, Israel Herzog, Israel “, Naim Qassim –, Hassan Nasrallah –, Benjamin Netanyahu, Netanyahu, ” Organizations: CNN, Israel, Hezbollah –, Hezbollah, National News Agency, Sky News, Hamas Locations: Israel, Gaza, Lebanese, Lebanon, Hezbollah, Iran, Beirut, Wednesday, Kiryat, Moreshet, Haifa, Will, United States, Beirut's, Yemen, Syria, Iraq, Israeli

CNN —At least 22 people, mostly women and children, have been killed in an Israeli strike on a school compound Saturday, Palestinian officials said, with Israel saying it targeted Hamas fighters sheltering there. A spokesman for the Gaza Civil Defense, Mahmoud Basal, said the missile hit the Al-Zaytoun School, near Gaza City, where thousands were sheltering. The Government Media Office in Gaza said 13 children, including a 3-month-old infant were killed. The Israeli military said that the compound was being used as a Hamas command center and precautions had been taken to avoid civilian casualties. Aircraft “conducted a precise strike on terrorists who were operating inside a Hamas command and control center in Gaza City” the Israel Defense Forces (IDF) said.

Persons: Mahmoud Basal, Aircraft “, “, Omar Al, Amal, ” Organizations: CNN, Gaza Civil Defense, Zaytoun, Government Media Office, Aircraft, Israel Defense Forces, Al Falah, IDF, Getty, Civil Defense, Hezbollah, IAF Locations: Israel, Gaza City, Gaza, AFP, Lebanese, Rafah

☆ 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

☆ Elon Musk didn’t show up for testimony in a probe over his $44 billion Twitter takeover. Now the SEC wants sanctions
▼ + stars: | 2024-09-20 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —The Securities and Exchange Commission intends to seek sanctions against Elon Musk over his failure to appear for testimony in an investigation related to his takeover of Twitter, now called X, the regulator said in a court filing Friday. Earlier this year, a federal judge ordered Musk to testify as part of the SEC’s probe of the billionaire’s $44 billion acquisition. The agency is examining whether Musk followed the law when disclosing his purchases of Twitter stock and whether his statements in relation to the deal were misleading. The SEC asked the court to impose “meaningful conditional relief” if Musk does not appear at the new October testimony date. The SEC also said it intends to file a sanctions motion against Musk to recoup its travel costs for the cancelled testimony and for other relief.

Persons: Elon Musk, Musk, “, ” Musk, ” Organizations: New, New York CNN, Securities, Exchange Commission, Elon, Twitter, Elon Musk's, SEC, SpaceX, Polaris Locations: New York, Los Angeles, East Coast

Routh tagged Joe Biden and Vice President Kamala Harris, in separate posts, encouraging them to visit those injured at the rally. Trump will never do anything for them,” he wrote in a post directed at Harris. In an April post on X tagging President Biden’s presidential account, he wrote that Biden’s campaign should be: “called something like KADAF. “Work has never been about money rather building frameworks for people to thrive and succeed,” Routh wrote on his LinkedIn page. Levi said when he asked Routh to improve the work via email, Routh ranted at him.

Persons: Donald Trump, Ryan Wesley Routh, Routh, Joe Biden, Kamala Harris, Biden, Trump, ”, Biden’s, MASA …, ” Routh, Saili Levi, Levi, Routh ranted, “, you’re, ” Levi, barricading Organizations: CNN, Trump, Democratic, North Carolina State Board, Ukraine –, Box, Honolulu Star, Facebook, Russia, ” Records, Greensboro News, Sunday Locations: Florida, Hawaii, Pennsylvania, Harris, North Carolina, KRAKOW, UKRAINE, Ukraine, State, Oran

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