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☆ Mike Tyson, Jake Paul fight was the most streamed sporting event ever, Netflix says
▼ + stars: | 2024-11-19 | by ( Jake Piazza | Jason Is A Digital Rotation Program Associate For Cnbc. | ) www.nbcnews.com time to read: +1 min

Friday’s anticipated boxing match between former heavyweight champion Mike Tyson and YouTuber-turned-boxer Jake Paul will be remembered for more than its unique card. The bout shown on Netflix was the most streamed global sporting event ever with 65 million live concurrent streams and 108 million total live viewers around the world, according to a Netflix release. The Amanda Serrano and Katie Taylor fight before the Tyson-Paul match averaged 74 million live global viewers, the most watched professional women’s sporting event ever in the U.S. with 47 million viewers, the company said. Both Tyson and Paul made 10-figure paydays, according to Most Valuable Promotions co-founder Nakisa Bidarian, whose company promoted the fight. Serrano and Taylor received record pay for women’s boxing, he said.

Persons: Friday’s, Mike Tyson, YouTuber, Jake Paul, Amanda Serrano, Katie Taylor, Tyson, Paul, Nakisa Bidarian, Serrano, Taylor, Bela Bajaria, NBCUniversal’s Peacock Organizations: Netflix, Football Locations: U.S, Nevada

☆ Nakisa Bidarian: Meet the man spearheading Jake Paul’s divisive boxing career
▼ + stars: | 2024-11-19 | by ( Don Riddell | Jonny Velasquez | ) edition.cnn.com time to read: +7 min

At the age of 58, 31 years his opponent’s senior and nearly two decades on from his last professional bout, Tyson was clearly a shadow of the heavyweight champion he used to be. “Jake had an ayahuasca session and envisioned this fight (against Tyson) happening,” he told CNN Sport after the fight. Everyone became intimately familiar with the Netflix loading screen after the massive viewership to watch the streaming platform’s first-ever live boxing bout crashed the server. Paul (left) and Tyson fight at AT&T Stadium in Arlington, Texas. Third was giving young boxers a platform.”Nakisa Bidarian (center) stands between Tyson and Paul ahead of last week's fight.

Persons: “, Jake Paul, Mike Tyson, Nakisa, ”, Paul, YouTuber, Tyson, Bidarian, “ Jake, Jake Paul –, Alpha –, Al Bello, “ There’s, Mike Tyson’s, Roy Jones, ” Bidarian, Jake, ” Paul, Nate Robinson, Amanda Serrano, Ronda Rousey, Amanda, Brett Carlsen, Jutta Leerdam –, he’s, …, Serrano, Katie Taylor, Taylor, ” Serrano, Sarah Stier, “ Amanda Serrano Organizations: CNN, T, CNN Sport, Netflix, NBA, Madison Square Garden Locations: Arlington , Texas, Las Vegas, Ronda, Texas

The hour-long conversation marked the return of diplomacy to the decade-long conflict, even if their talk brought the familiar refrain it was not yet time to talk. One Western official said there was an “overall collective holding of breath” in Western capitals ahead of Trump’s inauguration. “The Germans speaking to Putin – that will have gone down badly” among Ukraine’s allies, the official said. “Giving Putin that positive bounce will have irked the French and others.” French President Emmanuel Macron has been particularly vocal about continuing support for Ukraine. Kremlin critics also warn of its history of using diplomacy as a pause or foil to pursuing its military goals.

Persons: Olaf Scholz, Vladimir Putin, Volodymyr Zelensky, acceding, Zelensky, ”, Putin, Donald Trump, Trump, Scholz, “, Putin –, Emmanuel Macron, Donald Tusk, Biden, “ Scholz, Alena Epifanova, Epifanova, Scholz’s, Volodymyr Zelenskiy, Ebrahim Noroozi, Mike Waltz, “ ‘, ‘, ’ ” Trump, Kurt Volker, Trump’s, it’s, Oleksandr Gimanov, Volker, he’s, ’ ” Volker, Trump “, ” Volker, Sen, Marco Rubio, Kim Jong Un, elect’s, Putin won’t, “ He’s Organizations: CNN, White, Sunday, Trump, German, Foreign Relations, Schloss, Reuters, Ukraine, Economist, Getty, Biden Locations: Ukraine, Russia, Russian, Europe, Polish, Moscow, Schloss Bellevue, Berlin, Ukrainian, European, Trump’s Ukraine, Odesa, AFP, “, Afghanistan, China, United States, Beijing, US, Kyiv

What was supposed to be a simple birthday treat devolved into the latest flashpoint after “The View” co-host Whoopi Goldberg implied that a New York bakery refused to take her order because of her liberal politics. But the distinctive polka-dotted packaging on the cakes left local viewers little doubt about which business she was talking about: Holtermann’s Bakery in Staten Island. Goldberg and Holtermann’s Bakery did not immediately respond to NBC News’ requests for comment. But Holtermann, who joined Fossella at Friday’s news conference, said that the bakery has received “overwhelming” support in the wake of the incident. Your love and loyalty keep us going!”Whoopi Goldberg attends the Tribeca Film Festival, in N.Y., on April 19, 2013.

Persons: Whoopi Goldberg, Goldberg, charlotte russe, ”, ” Goldberg, Kamala Harris, “, I’m, Jill Holtermann, Vito Fossella, Holtermann’s, Holtermann, Fossella, we’ve, Larry Busacca, Rachel Zegler, Donald Trump, Zegler, Snow, “ Trump, Trump, Megyn Kelly, ” Zegler, ” “ Organizations: charlotte, New, Democratic, Staten, NBC, Tribeca Film, Trump voters, Disney Locations: New York, New York City, Staten Island, Staten Island’s, Staten, N.Y

☆ AP photographer captures moment bomb hits apartment building in Lebanon
▼ + stars: | 2024-11-17 | by ( Catherine Nicholls | Story Associated Press | ) edition.cnn.com time to read: +3 min

Beirut AP —As a bomb descended on a multi-story apartment building in Beirut’s Tayouneh area Friday, hundreds of onlookers gathered in the street at a traffic roundabout several hundred meters (yards) away. The Israeli army said the building contained facilities belonging to the Lebanese militant group Hezbollah. A bomb dropped from an Israeli jet prepares to hit a building in Tayouneh, Beirut, Lebanon, on November 15, 2024. Hassan Ammar/APThick smoke and flames erupt from the building after it is struck. The Israeli military has maintained that it takes measures to reduce civilian casualties by issuing warnings before many of its strikes in Lebanon.

Persons: Hassan Ammar, Ammar, “, ”, Richard Weir, Weir, Bilal Hussein Organizations: Beirut AP, Associated Press, Hezbollah, Human Rights Watch, Health Ministry Locations: Beirut, Beirut’s Tayouneh, Lebanese, Tayouneh, Lebanon, Horsh Beirut, Israel

☆ Beyoncé to perform halftime show at Ravens-Texans on Christmas on Netflix
▼ + stars: | 2024-11-17 | by ( Jenna West | ) www.nytimes.com time to read: +2 min

The NFL and Netflix delivered a gift to fans by tabbing Beyoncé to perform the halftime show for the Christmas Day game between the Baltimore Ravens and the Houston Texans. Netflix will stream Ravens-Texans and a game between the Kansas City Chiefs and the Pittsburgh Steelers on Christmas. Beyoncé will sing songs from her “Cowboy Carter” album during the halftime show, according to a Texans release, marking the first time she’ll perform any songs from the album for a live audience. Netflix’s Christmas doubleheader will kick off with Chiefs-Steelers at 1 p.m. Both Christmas games and Beyoncé’s halftime show will be available to Netflix’s subscribers at no additional cost.

Persons: tabbing Beyoncé, Beyoncé’s, Beyoncé, Cowboy Carter, ”, Netflix’s, Jake Paul, Mike Tyson, Paul, Tyson, Evander Holyfield’s earpiece, Jerry Jones, ” —, Kevin Winter Organizations: NFL, Netflix, Baltimore Ravens, Houston Texans, Ravens, Texans, Kansas City Chiefs, Pittsburgh Steelers, NRG, Chiefs, Steelers, AFC Divisional, T, Dallas Cowboys Locations: Houston, Arlington , Texas

☆ Mike Tyson vs. Jake Paul fight leaves spectators disappointed
▼ + stars: | 2024-11-17 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

“Let’s be real a young Mike Tyson would’ve absolutely annihilated Jake Paul tonight,” she wrote on X. And the build-up to the fight was not too dissimilar to a traditional professional boxing fight. I’m just glad he didn’t get hurt out there.”And afterwards, 27-year-old Paul claimed he extended the fight for the spectacle. On the other hand, Tyson didn’t officially announce his retirement from boxing but expressed his appreciation for the experience. Lost half my blood and 25lbs in hospital and had to fight to get healthy to fight so I won.

Persons: Jake Paul, Mike Tyson, “, Paul, Tyson, Evander Holyfield, Magic Johnson, he’s, Tyson’s, ” Johnson, Sarah Stier, UFC’s Tyron Woodley, Anderson Silva, Nate Diaz, Tony Bellew, ”, Nicola Adams, Mike Tyson would’ve, Katie Taylor, Amanda Serrano, Taylor, Al Bello, ” Terence Crawford, I’m, Friday’s, Canelo Álvarez, Conor McGregor, Tyson didn’t, ” Tyson Organizations: CNN, Dallas Cowboys, Netflix, Dallas Cowboy, ” CNN

There was plenty of criticism surrounding Friday’s much-hyped Mike Tyson vs. Jake Paul boxing event streaming on Netflix, but it had nothing to do with the boxers in the ring. Issues with video streaming quality, pixelation, stuttering and even outright crashes lit up social media well before the main event at AT&T Stadium in Arlington, Texas, as undercard fighters slugged it out. Tracking website downdetector.com showed a surge of reports of problems with Netflix’s website beginning just before 8 p.m. local time. The hashtags #NetflixFight, #buffering and #netflixcrash trended on the social media platform. Paul, 27, gained fame as a social media star before he began training and boxing.

Persons: Mike Tyson, Jake Paul, Tyson, YouTuber, Paul Organizations: Netflix, T, internet's America Locations: Arlington , Texas

☆ GM lays off 1,000 employees amid reorganization and cost-cutting
▼ + stars: | 2024-11-15 | by ( Michael Wayland | ) www.nbcnews.com time to read: +1 min

DETROIT — General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions, according to a person familiar with the decision. A small number of hourly employees were included in the layoffs. As part of this continuous effort, we’ve made a small number of team reductions. That included about 53,000 U.S. salaried employees. The United Auto Workers union, which represents hourly employees at the automaker, did not immediately respond for comment.

Persons: Kevin Kelly, we’ve, ” Organizations: DETROIT, Motors, GM, United Auto Workers union Locations: Detroit, Warren , Michigan

☆ Katie Taylor wins controversial rematch with Amanda Serrano to retain super lightweight title
▼ + stars: | 2024-11-15 | by ( Mark Puleo | ) www.nytimes.com time to read: +3 min

For the second time, Taylor defeated Serrano via a decision that left more fans questioning the scorecards than praising Taylor’s skills. “She kept head butting me, but we knew that from the very beginning from the first fight,” Serrano said in the ring. Serrano kept Taylor circling on her back foot through the first five rounds as the bout turned into a streetfight — exactly what Serrano wanted. Taylor won the initial bout two years ago by weathering a surge from Serrano in its middle stages. This time, Serrano left no room for Taylor to come back.

Persons: Katie Taylor, Amanda Serrano superfight, Taylor, Serrano, Jake Paul, Mike Tyson, “, ” Serrano, Chantelle Cameron, Jordan Maldonado, Maldonado, Ariel Helwani, that’s, Erika Cruz, Christian Petersen Organizations: Netflix, T, Dallas Cowboys, Paul’s, WBA, Getty Locations: Arlington , Texas, Serrano

☆ Germany’s Scholz calls Putin, ending Western isolation over Ukraine
▼ + stars: | 2024-11-15 | by ( ) edition.cnn.com time to read: +4 min

The conversation on Friday was the first time Scholz had spoken with Putin in two years. It comes as the German leader gears up for a snap election and Europe waits to hear US President-elect Donald Trump’s plan for ending the war in Ukraine. “He stressed Germany’s unbroken determination to back Ukraine in its defense against Russian aggression for as long as necessary,” the spokesperson added. Ukraine said however that phone conversations with Putin brought no added value on the path to achieving a “just peace” in Ukraine. But of course, (it is a) question about how Russia spins it.”Scholz to brief alliesThe Kremlin said Putin had told Scholz Russia was willing to look at energy deals if Germany was interested.

Persons: Volodymyr Zelensky, Vladimir Putin, Putin, ” Zelensky, Chancellor Olaf Scholz’s, Scholz, Donald Trump’s, Zelensky, “, ”, Trump, ” Scholz, Scholz Russia Organizations: Berlin Reuters, Kremlin, Reuters, Scholz’s Social, Ukraine, Kyiv, European Union, NATO, Ukrainian Locations: Ukraine, Kyiv, Russia, Berlin, Germany, Baltic, North Korea, Russia’s, Kursk, United States

☆ Jake Paul faces Mike Tyson in boxing event unlike any other
▼ + stars: | 2024-11-15 | by ( Jonny Velasquez | ) edition.cnn.com time to read: +9 min

On Friday, Paul steps into the ring for perhaps his most high-profile fight to date against former heavyweight champion Mike Tyson. Mike Tyson, I thought that was a cute slap, buddy, but tomorrow you’re getting knocked the f*ck out. After the postponement of their initial fight in July, Paul went on to defeat bare-knuckle boxing champion Mike Perry with a sixth round TKO. Mike Tyson and Jake Paul will contest their professional boxing bout on November 15. “Then, I’d retire after that.”After winning a boxing world championship, Paul plans to take his talents to mixed martial arts.

Persons: CNN —, Jake Paul, Paul, Mike Tyson, “, ” Paul, Mike, Tyson, Eddie Hearn, ” Hearn, Hearn, Canelo Álvarez, Oleksandr Usyk, Dmitry Bivol, Katie Taylor, Anthony Joshua, ” Joshua, Jonathan Ross, YouTuber, ” Tyson, Michael Loccisano, Michael Spinks, Larry Holmes, Clifford Etienne, Roy Jones Jr, “ I’m, He’s, I’m, Ariel Helwani, you’re, ”, they’re, Logan ., ‘, Jake Paul ’ –, YouTuber Ali Eson Gib, Nate Robinson, Tyron Woodley, Anderson Silva, Nate Diaz, Tommy Fury, Tyson Fury, Fury, Diaz, Andre August, Ryan Borland, Mike Perry, Nakisa Bidarian, Amanda Serrano, Taylor, Ed Mulholland, Serrano, Bidarian, ” Bidarian, I’d Organizations: CNN, Disney, T, Paul, Dallas Cowboys, UFC, Irish, Getty, “, MMA Locations: Arlington , Texas, British, Puerto Rican

☆ Mike Tyson’s many eras: From ‘Iron Mike’ to prison to Holyfield to a Jake Paul bout
▼ + stars: | 2024-11-15 | by ( Mark Puleo | ) www.nytimes.com time to read: +9 min

At 58 years old, Tyson will fight Jake Paul, the 27-year-old YouTube-star-turned-boxer who wasn’t even born when Tyson’s career was in its prime. It’s Tyson’s first sanctioned professional match since 2005. Lewis largely controlled the fight, as the champion survived Tyson’s round one onslaught and controlled the pace with strong jabs. The loss accelerated the end of Tyson’s professional career. His final professional bout — until Friday’s against Paul — came against McBride in 2005.

Persons: Mike Tyson, Tyson, Jake Paul, wasn’t, It’s Tyson’s, Kevin McBride, He’s, Evander, Mike ”, “, ”, MIKE TYSON, JAKE PAUL, beckons, Mike ’, Hector Mercedes, Trevor Berbick —, Muhammad Ali —, Mike, ” Tyson’s, Jim Jacobs, Trevor Berbick, Tony Tucker, Michael Spinks, Buster Douglas, Douglas, Tucker, Spinks, Robin Givens, Evander Holyfield, Holyfield Tyson, Holyfield, Jeff Haynes, Francois Botha, Orlin Norris, Lou Savarese, Lennox Lewis, Lewis, Clifford Etienne, Paul —, McBride, ” Tyson, Paul J, Richards, Phil Collins ’ “, Zach Galifianakis, Alan, Roy Jones Jr, outlanding Jones, Paul, Nate Robinson, Friday’s Tyson, ‘, Timothy A, Clary Organizations: T, NETFLIX, Netflix, netflix, WBA, WBC, IBF, MGM, Getty, XIV, ”, Texas Department Locations: Arlington , Texas, Albany, N.Y, Tokyo, Nevada, California, Miami, Los Angeles

☆ Trump just made $500 million with a single Truth Social post
▼ + stars: | 2024-11-08 | by ( David Goldman | ) edition.cnn.com time to read: +2 min

CNN —President-elect Donald Trump’s social media stock had been sinking fast after a short-lived, post-election-victory surge this week. Then, with a single post on Truth Social, he helped boost the stock again – and added a half billion dollars to his net worth as a result. Trump is the company’s single largest shareholder, and his 114.75 million shares are now worth about $3.7 billion. Trump media rose just 4.4% over the past five days. That could be difficult to do, anyway, because the company’s valuation depends almost entirely on Trump’s ownership and participation on Truth Social, its core product.

Persons: Donald Trump’s, Trump Organizations: CNN, Trump Media, Technology Group, Traders, Trump, Truth Locations: United States

☆ Australian school named world’s best new building of 2024
▼ + stars: | 2024-11-08 | by ( Oscar Holland | ) edition.cnn.com time to read: +3 min

Singapore CNN —A humble suburban school in Australia has fended off competition from skyscrapers, museums and airport terminals to be named World Building of the Year 2024. Brett BoardmanA school had long been on the south Sydney site, though the old 1970s building was no longer fit for purpose, according to fjcstudio, the design firm behind the project. The World Building of the Year was selected from the winners of each category, as chosen by a panel of 175 festival delegates. Friday’s result marks the second consecutive year that the WAF judges opted for an educational building, with a serene boarding school in China taking last year’s title. Darlington Public School is also the second Sydney building to win in the past three years, after Quay Quarter Tower — dubbed the world’s first “upcycled” skyscraper for retaining two-thirds of an old high-rise on the site — won in 2022.

Persons: Singapore CNN —, Brett Boardman, fjcstudio, Alessandro Rossi, “, ”, — Organizations: Singapore CNN, Darlington Public School, Housing, Darlington Public, National Star Observatory of Locations: Singapore, Australia, Sydney, Chippendale, fjcstudio, WAF, ” Sydney, National Star Observatory of Cyprus, Polish, Turkey, China, Copenhagen, Denmark

Whoever is elected the 47th president of the United States will start with a rare and clear advantage: a remarkably solid economy. Tuesday’s election will show how much that all matters to voters, who will soon decide which candidate they want to entrust the economy to from here. But to regular American households, it’s more of a “Yes, but” economy: Yes, the job market is strong, but my boss wants me in five days a week, and that doesn’t work for me anymore. Yes, inflation has fallen, but I can’t afford day care. Prices across the rest of the service economy were 4.7% higher overall, and medical care was up 3.9%.

Persons: Kamala Harris, Donald Trump, Spencer Platt, Yuki Iwamura, they’re, Helene, Milton, Patrick T, Fallon, Harris, ”, Greg Valliere, Joe Biden wasn’t, Trump, Karoline Leavitt, “ Kamala Organizations: Investment, Stock, Getty, Consumer, Bloomberg, CNBC, First Street Foundation, NBC, AGF Investments, Biden Locations: United States, Ukraine, Israel

☆ TGI Friday’s operator files for Chapter 11 bankruptcy amid financial woes
▼ + stars: | 2024-11-02 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

TGI Fridays, an American casual dining chain, said on Saturday that it has filed for Chapter 11 bankruptcy protection after grappling with prolonged financial challenges and a collapsed deal with UK-based Hostmore. Privately owned by TriArtisan Capital Advisors, TGI Fridays has been a beloved dining destination since its inaugural bar opened in Manhattan, New York, over five decades ago, in 1965. TGI Fridays, owner and operator of 39 domestic “Thank God it’s Friday!” restaurants, said it maintains operations across its corporate-owned ‘happy hour’ dining places in the U.S., adding that it has secured a financing commitment to support operations. Rohit Manocha, executive chairman of TGI Fridays, said: “The primary driver of our financial challenges resulted from COVID-19 and our capital structure. Hostmore, which operated TGI Fridays in Britain through its unit Thursdays (UK), saw its shares crash 90% after the news, and later announced its intention to enter administration, overwhelmed by debt.

Persons: God, Rohit Manocha, ” Organizations: U.S, Northern, Northern District of, TriArtisan Capital Advisors Locations: American, Northern District, Northern District of Texas, Manhattan , New York, U.S, COVID, British, Britain

☆ Downtown Orlando Halloween shootings: Police search for a motive after gunfire left 2 dead in crowded nightlife district. Here’s what we know
▼ + stars: | 2024-11-02 | by ( Paradise Afshar | Andy Rose | Ashley R. Williams | ) edition.cnn.com time to read: +7 min

This was the 27th mass shooting in Florida this year, according to the Gun Violence Archive, with more than 400 nationwide. About 100 officers were working a detail in the area, which allowed for a quick response but did not appear to deter the shooter, Smith said. and Orange Ave., where a shooting occurred during Halloween festivities on November 01, 2024, in Orlando, Florida. “Shortly after reported shots fired, a shooting suspect was located and taken into custody at Washington and Orange,” Smith said. Bloodstains were seen on the sidewalk along Orange Ave., where a shooting occurred during Halloween festivities on November 01, 2024, in Orlando, Florida.

Persons: Marlei Martinez, Eric Smith, Smith, ” Smith, “, Andrew Bain, ” Bain, Gerardo Mora, Sofia Alcala, WKMG, ”, Buddy Dyer, ” Dyer, Shan Rose, ” Rose, Bloodstains, I’m, Florida –, Anthony Berry, could’ve, Joseph Ibrahim, Berry Organizations: CNN, Orlando, Police, Orlando Regional Medical, Authorities, Central Blvd, Getty, University of Central Florida, Health Locations: Florida, Orange, Orlando , Florida, Washington, Orlando

There are questions on whether North Korea has acquired the technology to shield warheads from the high-temperature, high-stress environment of atmospheric reentry. Many foreign analysts say North Korea also must have improved altitude control and guidance systems for missiles. They say North Korea needs an ability to place multiple warheads on a single missile to defeat its rivals’ missile defenses. All of North Korea’s known ICBM tests, including Thursday’s, have been performed on steep angles to avoid neighboring countries. North Korea’s reported troop dispatch highlights the expanding military cooperation between North Korea and Russia.

Persons: ” KCNA, Kim Jong Un, ’, Kim, “, Lee Sung Joon Organizations: North, Thursday, Korean Central News Agency, “ matchless, Observers, U.S Locations: SEOUL, South Korea, North Korea, U.S, North, Korea, Korean, Russia, Ukraine

☆ Expect the unexpected in the jobs report
▼ + stars: | 2024-11-01 | by ( Alicia Wallace | ) edition.cnn.com time to read: +11 min

In any other month, the finishing touch would be a clean reading on the labor market from the official jobs report. However, a common thread among economists is that the strikes and hurricanes could take a 100,000-job bite out of the October jobs report. The last time there were back-to-back major hurricanes — Harvey and Irma in 2017 — the forecasts for the following month’s jobs report were for a loss of 33,000 positions. And each contribute to two of the biggest numbers in the monthly jobs report. A key date to keep in mind for the jobs report is October 12, as it anchors the “reference period” for both surveys.

Persons: ’, Claudia Sahm, “ It’s, That’s, aren’t, FactSet, Joe Brusuelas, — Harvey, Irma, Sahm, Oliver Allen, Milton, ”, Harris, Kamala Harris, Donald Trump’s, We’re, Biden, Jared Bernstein, Joe Biden’s, “ Organizations: CNN, Boeing, Reserve, New Century Advisors, Labor, Survey, Bureau of Labor Statistics, of Labor, Challenger, ADP, BLS, RSM, Pantheon Macroeconomics, Republicans, The New York Times, Siena College, Associated Press Locations: Washington and Oregon

☆ Friday’s jobs report just might disprove right-wing conspiracy theories
▼ + stars: | 2024-10-31 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +7 min

But they may ditch their argument Friday morning, when the October jobs report is set to be released — just days before Election Day. Groshen disagreed, saying that initial estimates of the monthly change in hiring are “noisier than they used to be” because of the lower response. However, that gets smoothed out in later revisions as response rates improve with the additional time. That exacerbates the funding shortfall at the BLS, where inflation-adjusted funding has steadily declined over the past decade, she said. That would help improve, for instance, Federal Reserve officials’ ability to make interest rate decisions that hinge on the latest labor market data, Groshen told CNN.

Persons: Donald Trump, Hurricanes Helene, Milton, Republican Sen, Marco Rubio, ”, Harris, ” Rubio, Rubio, Erica Groshen, Trump, Karoline Leavitt, Kamala Harris “, Laura Kelter, Groshen, “ Organizations: New, New York CNN, Bureau of Labor Statistics, BLS, Hurricanes, Republican, Biden, Trump, Cornell University School of Industrial and Labor Relations, Department of Labor, Census Bureau, Management, CNN, Biden Administration, Employment, Federal Locations: New York, Florida, America

☆ Expect the unexpected in Friday’s jobs report
▼ + stars: | 2024-10-31 | by ( Alicia Wallace | ) edition.cnn.com time to read: +10 min

☆ Inflation cooled even further last month, likely solidifying more rate cuts
▼ + stars: | 2024-10-31 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

CNN —Inflation has slowed further and is just a hair’s breadth from the Federal Reserve’s 2% target. The Personal Consumption Expenditures price index, which is the Fed’s preferred inflation gauge, showed prices rose 2.1% for the year ended in September, a slowdown from 2.3% in August, according to Commerce Department data released Thursday. The annual increase, which marks a fresh three-and-a-half-year low, fell right in line with what economists were expecting, according to FactSet consensus estimates. However, falling gas prices helped to keep the lid on any gains. Many states are seeing gas prices below $3 a gallon, a trend that’s expected to continue in the coming weeks as global supply eclipses demand.

Persons: ” Olu Sonola Organizations: CNN, Inflation, Commerce Department, Federal Reserve, Fitch

☆ Private sector added twice as many jobs as expected in October
▼ + stars: | 2024-10-30 | by ( Alicia Wallace | ) edition.cnn.com time to read: +4 min

CNN —Private sector hiring blew past expectations in October, another sign that the US labor market remains on solid footing, payroll processor ADP reported Wednesday. Non-governmental employers added 233,000 jobs in October, a sharp acceleration from the 159,000 net increase reported for September, according to ADP’s latest National Employment Report. Wednesday’s gains throttled economists’ expectations for job growth to slow to a mere 108,000 jobs from the initial estimate of 143,000, FactSet estimates show. Pantheon Macroeconomics is sticking with its forecast of 100,000 payroll gains, according to an investors note sent Wednesday. And while a resurgence in the labor market could raise concerns about a reacceleration in inflation, October’s ADP data showed otherwise, Richardson said.

Persons: Nela Richardson, Hurricane Helene, ADP’s tabulations, ” Richardson, Richardson, “, Irma, ” Samuel Tombs, Milton …, Wednesday’s, ” Organizations: CNN, ADP, Boeing, Labor Department, of Labor Statistics, Pantheon, Companies, Federal Reserve Locations: Hurricane Milton, Carolina, Florida, Milton, South Atlantic

☆ Nasdaq jumps to record close as major tech names rise ahead of earnings
▼ + stars: | 2024-10-29 | by ( Hakyung Kim | Alex Harring | ) www.nbcnews.com time to read: +1 min

The Nasdaq Composite rose to a fresh record on Tuesday as investors readied for key corporate earnings releases, including reports from notable tech names. The tech-heavy Nasdaq advanced 0.78% to a record close of 18,712.75. Ahead of their earnings releases, shares of Meta jumped 2.6%, and Alphabet advanced 1.8% on Tuesday. This will mark the busiest week of the earnings season with more than 150 S&P 500 companies scheduled to have reported by Friday’s close. Notably, the blue-chip Dow broke a five-day losing streak, while the tech-heavy Nasdaq notched its eighth positive session of the last nine.

Persons: “ It’s, Sam Stovall, Friday’s, Jonathan Krinsky, ”, Dow Organizations: Nasdaq, Dow Jones, Microsoft, Apple, Meta, Research, Traders, Treasury, U.S

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