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CNN —Rien Schuurhuis never expected to win this year’s cycling world championships, nor come close to claiming the race’s distinctive rainbow jersey. For the sole representative of the Vatican City in the 200-strong field, simply being at the race in Switzerland was enough. “There was one hill in the (2022) world championships and everyone was yelling: ‘The Pope’s cyclist! At every race, Schuurhuis’ ultimate aim has been to get people talking about the team and what it represents. Pope Francis, the first Latin American pontiff, is a soccer fan who played as a goalkeeper and supported San Lorenzo while growing up in Argentina.
Persons: Rien Schuurhuis, Schuurhuis, they’re, , , Pope Francis, Valerio Agnoli, , Chiara Porro, Herself, Porro, ” Schuurhuis, Pope John Paul II, Castel Gandolfo, San, Diego Maradona –, Pope Francis ’, ” Giampaolo Mattei, Organizations: CNN, Vatican City, CNN Sport, International Cycling Union, UCI, , League, Australia’s Embassy, Vaticana, Swiss Guards, England, Culture, Athletica, , Brisbane Games Locations: Vatican, Switzerland, Belgium, Vaticana, India, Australia, Asia, Rome, St, Peter's, Athletica Vaticana, San Lorenzo, Argentina, Canberra
1 defeated American Taylor Fritz 6-4, 6-4 to win the ATP Finals in Turin, Italy, on Sunday, claiming the trophy for the first time on home soil. On match point, Fritz sent a cross-court forehand wide to kick-start the party among the adoring Italian crowd. “It’s amazing, it’s my first title in Italy and it means so much to me,” Sinner said, via the ATP. The victory gave Sinner his eighth title of the season, the most by any ATP player this year. Fritz and Sinner greet each other at the net after the match.
Persons: CNN —, couldn’t, American Taylor Fritz, Novak Djokovic, Sinner, – Fritz, Fritz, , ” Sinner, Clive Brunskill, Ivan Lendl, Roger Federer, Djokovic, Carlos Alcaraz, Tommy Paul, Alex Zverev, “ It’s, it’s, , It’s Organizations: CNN, American, ATP, September’s, Halle, Tennis Integrity Agency, Doping Agency, Sport, Paris Olympics, I’m Locations: Turin, Italy, Miami , Cincinnati, Shanghai, Rotterdam, California
U.S. consumers collectively owe an eye-popping $1.17 trillion in credit card debt — a record — according to estimates the Federal Reserve Bank of New York released this week. But while there are still major financial risks for carrying hefty balances, the researchers said the data suggests that “rising debt burdens remain manageable” for the typical consumer. Prices are still going up, but they’re not going up as fast, and incomes are once again going up at a faster rate than expenses. Earnings growth has averaged 6.2% per year since the pandemic began, compared to the cumulative debt balance rising 4% per year. “Especially for higher-risk borrowers, credit card and auto loan delinquencies are the highest in a dozen years, and that’s with unemployment at 4%.
Persons: , Donald Trump, they’re, Greg McBride What’s, TransUnion, That’s, , Greg McBride, , McBride Organizations: ’ paychecks, Federal Reserve Bank of New York, New York Fed, Commerce Department, Bureau of Labor Statistics, Bankrate Locations: ’ paychecks . U.S
Fed’s Powell: Rate cuts are still underway
  + stars: | 2024-11-14 | by ( Bryan Mena | ) edition.cnn.com   time to read: +4 min
Powell said more rate cuts are likely underway because the economy’s current trends and dynamics are expected to remain in place, at least in the short run. “We are moving policy over time to a more neutral setting,” Powell said in prepared remarks for an event in Dallas. It’s also too soon for Fed officials to conclude that October data is indicative of any new trend. While additional hot inflation reports could be factored in to the Fed’s decisions, officials are also looking at the US labor market closely. There’s also been tension between Trump and Powell, whom the president-elect first nominated in 2017 to steer the central bank.
Persons: Jerome Powell, Powell, ” Powell, Donald Trump, Trump’s, It’s, Price, , , There’s Organizations: Washington CNN — Federal, Republican, Fed Locations: Dallas, stoke, Trump
Inflation is drifting down in fits and starts, and so are restaurant menu prices. Diners are more likely to notice stabilizing menu prices at quick-service restaurants than at sit-down ones. But the rate at which all eateries changed their menu prices between the second and third quarters this year plummeted by 26%, the company said. Quick-service restaurants have benefited from slower growth in labor costs, Square found. The company estimates annual inflation faced by quick-service operators at 3.6% as of September, versus 4.3% for restaurants with table service.
Persons: , Kelly Esten, Ara Kharazian, Donald Trump, Joe Brusuelas, Trump Organizations: National Restaurant Association, , Lightspeed Commerce, Wine Trade Alliance, RSM
Many Americans have been holding back from jumping into the housing market in the hopes that mortgage rates will decline. The average 30-year mortgage rate has been above 6% for two years — and is likely to stay above that level for the foreseeable future, experts say. “Sixes are the new normal,” said Lisa Sturtevant, chief economist at Bright MLS, a mortgage listing services group, referring to 6% mortgage rates. It’s really not going to be impacting mortgage rates at all.”Mortgage rates work differently. When demand for those increases, mortgage rates tend to fall.
Persons: Donald Trump’s, , Lisa Sturtevant, Brian Rehling, Trump, Mike Fratantoni, ” Fratantoni, Helene, ” Samuel Tombs, Tombs, Sturtevant, “ It’s Organizations: Federal, Bright MLS, Federal Reserve, Wells, Investment Institute, , U.S, Mortgage, Association, , National Association of Realtors, Pantheon, NBC
15 LSU its second consecutive double-digit loss Saturday night, effectively knocking the Tigers out of the College Football Playoff race with a 42-13 blowout in Baton Rouge. When Milroe plays how he did on Saturday — confident, decisive, efficient — Alabama is incredibly hard to defend. — Kennington Smith IIISEC race remains jumbledThe simplest immediate consequence of Saturday night’s blowout in Death Valley is that LSU’s SEC championship hopes have taken a major hit with the Tigers’ second SEC loss, while Alabama’s aspirations remain alive. AdvertisementBut it’s also easy to see a scenario where six teams tie for second with two SEC losses: LSU, Alabama, Ole Miss, Georgia, Tennessee and the loser of Texas/Texas A&M. Back in September, South Carolina’s LaNorris Sellers ran for 88 yards and two scores in a game LSU was lucky to escape unscathed.
Persons: Jalen Milroe, Garrett Nussmeier, Caden, Kalen, Brian Kelly’s, Milroe, — Kennington Smith, Ole, Matt Baker, Matt Baker LSU defense’s, Marcel Reed, LaNorris Sellers, Blake Baker’s, — David Ubben, Austin, Kane Wommack, they’re, hasn’t, DeBoer, — Smith Garrett Nussmeier’s, LSU’s, Nussmeier, Deontae Lawson, — Ubben, Jonathan Bachman Organizations: Alabama, LSU, Tigers, College Football, Crimson Tide, Tiger, Milroe, Bayou Bengals, SEC, Georgia, Aggies, Texas, Volunteers, Ole Miss, Matt Baker LSU, Tide, Getty Locations: Baton Rouge, Alabama, Texas, Tennessee, Arkansas, Kentucky, Auburn, Atlanta, Athens, Georgia, Mercer, Oklahoma
The S&P 500 and Nasdaq rose Thursday, extending Wall Street’s rally in the wake of President-elect Donald Trump’s victory, as traders weighed the latest rate cut from the Federal Reserve. The S&P 500 gained 0.74% to close at a record high of 5,973.10. The S&P 500 jumped 2.53% for its best post-election day in history. Those big swings were the backdrop for the Federal Reserve’s interest rate cut Thursday afternoon. “The balance of risks gives the Fed ample room to lower the Fed Funds rate well into 2025.
Persons: Donald Trump’s, Trump’s, Jerome Powell, , Jamie Cox, Trump, Tony Roth, we’ve, ” Roth, JPMorgan Chase Organizations: Nasdaq, Federal Reserve, Dow Jones, Dow, Treasury, Harris Financial, Wilmington Trust, , Big Tech, Apple, Nvidia, JPMorgan, American Express Locations: Wilmington
The move comes as inflation remains on a downward trend while the job market continues to lose momentum. While that has helped rein in price pressures, it also puts the job market in jeopardy. So I’m going to be patient.”Still, rate cuts are expected to stretch through 2025, even during a Trump presidency, according to economists. On one hand, there’s evidence that America’s job market has continued to lose momentum in recent months. But since Trump’s economic vision could eventually stoke inflation, that could mean the Fed delivers fewer rate cuts in the coming years.
Persons: Jerome Powell, Donald Trump, Powell, “ I’m, Raphael Bostic, , Kamala Harris, Felipe Villarroel, , Trump, hasn’t, Arthur Burns, Richard Nixon, Ben Bernanke Organizations: Washington CNN, Federal, President, White, Atlanta Fed, Trump, TwentyFour Asset Management, Fed, CNN, White House, Capitol Locations: Jackson , Mississippi
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
The DOJ and FBI are preparing to combat election lies but have limited authority. Affordable Care Act coverage is available for DACA recipients for the first time. For the DOJ that means setting up an Election Threats Task force, focusing on the prosecutions of people who threaten election officials. To understand how that might play out, NBC News interviewed current and former Justice Department and FBI officials, as well as legal experts. For many DACA recipients who are unable to get job-based health insurance, a lack of access to government-funded programs meant their insurance options were limited or too expensive.
Persons: Donald Trump, , , , Trump, don’t, Read, Helene, Milton, Sarahi, Young Thug, Georgia’s, Sean “ Diddy ” Combs, Nicole MacDonald, isn’t, Biden, they’d, — Rich Bellis, Elizabeth Robinson Organizations: DOJ, FBI, Affordable, Trump, Justice Department, NBC News, Boeing, of Labor Statistics ’, University of Washington, Republican, Atlanta, NFL, NBC Locations: U.S, Swedish
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
They argue that Casey, a middle-of-the-road liberal, had previously not been at the forefront of the populist economic turn in both parties. Casey’s Senate website dedicates an entire page to “greedflation,” which he also discussed at length in his speech at the Democratic National Convention this summer. The core of Casey’s argument is the assertion that, from July 2020 to July 2022, corporate profits rose five times faster than overall inflation. I would concede the economy has gotten better,” said McCormick, who has run an ad to counter Casey on the topic. “If you’re living paycheck to paycheck, you’re still in the grind, and that’s what I think Bob Casey and Kamala Harris do not understand.
Persons: Sen, Bob Casey, , Casey, “ greedflation, , Mike Mikus, ” Dave McCormick, I’m, they’re, they’ve, “ greedflation ”, Joe Biden, Kellogg’s, Clark, Proctor, McCormick, ” Sen, Raphael Warnock, Donald Trump, Maria Collett, greedflation ”, “ It’s, ‘ greedflation, Biden’s, Kamala Harris, Harris, pollsters, you’re Organizations: GOP, Democratic, Republican Senate, Federal Trade Commission, Senate, Gamble, Disney, Convention, Federal Reserve Bank of Kansas, NBC, San Francisco Federal Reserve, The Washington Post, Republican, NBC News, Republicans, ” “, Federal Reserve Locations: , Pennsylvania, Haverford Township, Kimberly, Federal Reserve Bank of Kansas City, U.S
Karnal, India CNN —The sun blisters the arid ground in Karnal, a district in India’s northern Haryana state, where empty houses stand testament to an acute problem that’s driving some residents to take unimaginable risks. Ankit Chaudhary says he paid an agent to help him take the 'donkey route' into the US but lost his money. His account matched that of another smuggling agent CNN spoke to in Haryana. But even if Trump wins the November election, smugglers CNN spoke to in India predict an eventual revival of the “donkey” route. “In my opinion the donkey route will never completely stop,” said the first agent.
Persons: , Ankit Chaudhary, ” Chaudhary, Narendra Modi, “ Viskit, ” Modi, , Bharat, Chaudhary, Rajeev Kumar, Malkeet, ” Kumar, Young, Muzaffar Chishti, ” Chishti, ” Ankush Malik, Malik, They’ve, Chishti, , , Frederic J . Brown, CNN's Ivan Watson he's, Trump, we’re, ” Trump, Kamala Harris, Gary Coronado, ’ Kumar, Kumar Organizations: India CNN, USA, CNN, US, Pew, India’s Ministry of Labour, Employment, Panama City, International Labour Organization, Migration, Institute, Biden, YouTube, Customs, Border Protection, Justice Department, Biden Administration, Border Patrol, Migrants, Getty, White, Democratic, Trump, Immigrants, Border, Los Angeles Times, El Locations: Karnal, India, India’s, Haryana, United States, Latin America, Mexico, El Salvador, Mator, Kaithal, New Delhi, Dubai, Almaty, Kazakhstan, Turkey, Istanbul, Panama, San Salvador, Guatemala, New York, Qatar, Amsterdam, Springs , California, AFP, San Diego, South Asia, September’s
Her decision to appear on The Shade Room and other less traditional platforms has left many scratching their heads. But it’s a strategy to reach young, Black voters who are increasingly turning to social media for news. Fifty-two percent of polled adults under 30 said they have a lot or some trust in information that comes from social media. That is most likely what led Harris to The Shade Room, which has more than 29 million followers on Instagram and is known for saucy celebrity gossip and salacious headlines. The Shade Room did not immediately respond to a request for comment.
Persons: Kamala Harris, Donald Trump, Harris, Tim Walz’s, , ” Jasmine Harris, Walz, Joe Biden, Bill Whitaker, Bret Baier, Alex Cooper’s “, , Matt Barnes, Stephen Jackson, Roland Martin, Charlamagne, Justin Carter, ” Matthew Bartlett, Pew, Joe Budden, Stephen A, Trump, Jasmine Harris, ” Kamala Harris, “ I’m Organizations: Democratic, CBS, , Fox News, NBA, Trump, Republican, NBC News, Pew Research, Onyx, NBC, Black, The New York Times, Siena College Locations: Black, iHeartRadio
(Read more here from NBC News’ pollsters on why this poll measures registered voters and not likely voters.) That’s a change from September’s NBC News poll, which found Harris leading Trump by 5 points, 49%-44%, though that result was within the margin of error. Independent voters are essentially split in the poll, with Harris getting support from 44% of them versus 40% choosing Trump. Harris’ popularity declinesAnother significant change in the NBC News poll since September is Harris’ popularity. The NBC News poll of 1,000 registered voters, 898 of whom were reached by cellphone, was conducted Oct. 4-8.
Persons: Donald Trump, Kamala Harris, Harris, Trump, , Jeff Horwitt, Bill McInturff, ” McInturff, , doesn’t, Joe Biden, Trump’s, — Trump, Horwitt, ” Horwitt, — Harris, That’s, Biden’s, , Harris ’, Biden Organizations: NBC News, Trump, Republicans, Harris, Democratic, Republican, NBC, Republicans —, Democrats —, Black, Independent, Biden, September’s Locations: America
Washington CNN —If there is one area where senior Senate Republicans have chosen to break with former President Donald Trump, it is his embrace of Hungary’s far-right Prime Minister Viktor Orbán. He added, “Hungary also continues to disregard the concerns raised by its allies and partners about deepening its ties with China. Orbán has endorsed Trump, and Trump has touted the prime minister’s backing, even noting it during September’s presidential debate. GOP Sen. Thom Tillis of North Carolina restarted the U.S. Senate NATO Observer Group in 2018, co-chairing the group alongside Democratic Sen. Jeanne Shaheen of New Hampshire. This led Tillis and Shaheen to introduce a Senate resolution condemning Hungary’s democratic backsliding and its delay in allowing Sweden to join the alliance.
Persons: Donald Trump, Viktor Orbán, , Sen, John Cornyn of, Jerry Moran, ” Moran, Cornyn, Republican appropriator, Susan Collins of, John Hoeven of, John Boozman of, Orbán, , Trump, , Mitch McConnell, ” McConnell, Josh Hawley, Kari Lake, Orbán “, Andy Harris of, Paul Gosar, Orbán’s, McConnell, , GOP Sen, Thom Tillis, Democratic Sen, Jeanne Shaheen of, Tillis, Shaheen, ” Tillis Organizations: Washington CNN, Republicans, GOP, Conservative, , Republican, European Union, Parliament, Kentucky Republican, NATO, ., Trump, Caucus, “ Republicans, CNN, Reagan Republicans, Senate, U.S . Senate NATO Observer Group, Democratic Locations: Budapest, John Cornyn of Texas, Hungary, Kansas, Russia, China, , “ Hungary, Susan Collins of Maine, Sens, John Hoeven of North Dakota, John Boozman of Arkansas, Ukraine, Mar, Lago, Germany, France, Josh Hawley of Missouri, Andy Harris of Maryland, Arizona, U.S, Washington, North Carolina, Jeanne Shaheen of New Hampshire, Sweden, NATO
Eduardo Munoz/Reuters A relief group climbs up the side of a hill as they help near Bat Cave, North Carolina, on Thursday. Jeffrey Collins/AP Len Frisbee dumps a wheelbarrow of dirt as he helps with cleanup in Hot Springs, North Carolina, on Tuesday. Gerald Herbert/AP Meta Gatschenberger surveys the remains of her collapsed house in Boone, North Carolina, on Saturday, September 28. Jonathan Drake/Reuters Floodwaters are seen in Asheville in this image released by the North Carolina Department of Transportation on Saturday. Marco Bello/Reuters In pictures: Hurricane Helene unleashes its fury Prev NextBut Vance’s remedy to the so-called weird weather is counterintuitive.
Persons: Helene, Donald Trump’s, Kamala Harris, Republican leaners, Democratic leaners, SSRS, Marjorie Taylor Greene, Trump, , Greene, , Ohio Sen, JD Vance, Trump’s, Vance, Martika Stansell, Jonathan Drake, Erik S, Eduardo Munoz, Sean Rayford, Allison Joyce, Mike Stewart, Emily Ogburn, Cody Klein, Melissa Sue Gerrits, Sam Soughail, Van Hutchins, Dennis Rector, Josh Morgan, Andy Brown, Jeffrey Collins, Len Frisbee, Jeff Roberson, Christian Monterrosa, Marco Bello, Reuters Linda Bandy, Carissa Sheehan, Kathy Kmonicek, Janice Whitley, Terry Wilson, Melinda, Kathleen Flynn, Paul Hennessy, Gerald Herbert, Elmira Glover, Joe Raedle, John Falchetto, Cassandra Randall, Jessica Downey, Greg Lovett, Hurricane Helene, Hailey Morgan, Phelan M, Megan Varner, Sarah Cribbins, Michael, Luis Santana, Miguel J, Rodriguez Carrillo, Richard Burkhart, Mike Carlson, Candice Ocvil, Jibri Tolen, Cristobal Herrera, Candace Redwine, Guy Ford, George G, Tapper, Ricardo Arduengo, Joe Burbank, Carol Poulson, Andrew West, Cynthia Centeno, Reuters Charles Starling, Stephen M, Dowell, Chandan Khanna, Thomas Simonetti, Pete Beach, Ramon Espinosa, Paola Chiomante, Tim Walz, Harris ’, fracking Harris, Harris, CNN’s Dana Bash Organizations: CNN, Gallup, Republican, Democratic, Republicans, Terrorism, Democrats, Health, Reuters Helicopters, Reuters, Getty, Homes, AP, & Sons Department, USA, New York Times, Anadolu, Workers, North Carolina Department of Transportation, . North Carolina Department of Transportation, Tampa Bay Times, AFP, East, Savannah Morning, United States Coast Guard, Walt Disney, Orlando Sentinel, Tribune, Service, Fairview Middle School, Fishel, State Emergency Operations Center, Washington Post, NOAA, Minnesota Gov, Trump Locations: Gulf of Mexico, Milton, US, Georgia, Alabama, Helene, Ohio, Canton , North Carolina, Swannanoa , North Carolina, Cruso , North Carolina, Swannanoa, Bat Cave , North Carolina, Bills, , North Carolina, AFP, Lake Lure , North Carolina, Rock , North Carolina, Barnardsville , North Carolina, Lure, Asheville , North Carolina, Marshall , North Carolina, Augusta , Georgia, Springs , North Carolina, North Carolina, Bat Cave, Morganton , North Carolina, Old Fort, Fletcher , North Carolina, Steinhatchee , Florida, Tampa , Florida, Steinhatchee, Boone , North Carolina, Asheville, ., Treasure Island , Florida, Horseshoe Beach , Florida, Boone, Valdosta , Georgia, Horseshoe Beach, Laurel, Vilas , North Carolina, Crystal River , Florida, Hurricane, Crystal River, Peachtree Creek, Atlanta, , Florida, Savannah , Georgia, Savannah, Shore, St . Petersburg , Florida, Key , Florida, Tarpon Springs , Florida, Watauga, Sugar Grove , North Carolina, Florida, Port Saint Joe , Florida, Bay Lake , Florida, St . Petersburg, Fort Myers Beach , Florida, Tallahassee, Leon County , Florida, Eastpoint , Florida, Villages, Tallahassee , Florida, Gulfport , Florida, St, Cross City , Florida, Guanimar, Cuba, Panacea , Florida, Puerto Juarez, Mexico, Clearwater , Florida, Pennsylvania
In September 2018, 50,568 migrants tried to cross the southern border between legal ports of entry. A year later, 52,546 immigrants tried to cross, and in September 2020, the number was 54,771. This September’s preliminary total of about 54,000 attempted illegal crossings also includes an unspecified number of apprehensions at the northern U.S. border. Northern crossings have long been a tiny fraction of southern border crossings, though they have risen in 2024. It is not yet known how many immigrants came into the U.S. in the same period legally through newly created pathways established by the Biden administration.
Persons: Joe Biden, Trump, Biden, Kamala Harris, crossers Organizations: Patrol, NBC, Customs, CBS News, Immigrants, NBC News Locations: United States, U.S, Cuba, Haiti, Nicaragua, Venezuela, Mexico
Certain toilet paper, tissue and office paper brands are made with materials from eucalyptus trees, a non-native species to Portugal. CNN PortugalThe problem is eucalyptus trees are particularly flammable. The eucalyptus tree is native to Australia and provides food and shelter to koalas, among other wildlife. As the Portuguese paper and timber industries grew in the mid-1900s, so too did eucalyptus plantations, and the species now covers nearly 2 million acres. In California, the eucalyptus tree has been naturalized, meaning it now grows beyond the places it was planted.
Persons: it’s, Patricia De Melo, Patricia De Melo Moreira, Domingos Patacho, Brais Lorenzo, Patacho, Henrique Pereira dos Santos, de Santos, Juan Manuel Castro Prieto, Luís, Sarabando, Octavio Passos, Jose Sarmento Matos, Organizations: Lisbon CNN —, CNN, Firefighters, Getty, AFP, National Park Service, Bloomberg, Northwestern, Agence, Vouga Forestry Association, Navigator Locations: Lisbon, Portugal, Europe, Albergaria, CNN Portugal, Australia, Portuguese, , California, Velha, Agueda, Northwestern Portugal, Greece, Italy, Finland, Constancia, Abrantes, United States, New York City, Arouca
Angus Mordant | Bloomberg | 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. What you need to know todayThe bottom lineOh, to be a fly on the wall when the U.S. Labor Department arrived at the final tally for September's jobs number. That's perhaps why stocks rose only tentatively on its release. For the week, S&P rose 0.22%, the Dow ticked up 0.09% and the Nasdaq increased 0.1% — a huge jump, considering it was down more than 1% at Thursday's close.
Persons: Angus Mordant, payrolls, David Royal, , Jeff Cox, Alex Harring, Lisa Kailai Han Organizations: HK UBI, Bloomberg, Getty, CNBC, U.S . Labor Department, Dow Jones, Nasdaq, Dow, Labor Locations: Albany, Latham , New York, , Thursday's
Paul Bersebach | Medianews Group | 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. What you need to know todayThe bottom lineOh, to be a fly on the wall when the U.S. Labor Department arrived at the final tally for September's jobs number. That's perhaps why stocks rose only tentatively on its release. For the week, S&P rose 0.22%, the Dow ticked up 0.09% and the Nasdaq increased 0.1% — a huge jump, considering it was down more than 1% at Thursday's close.
Persons: SPX, Paul Bersebach, payrolls, David Royal, , Jeff Cox, Alex Harring, Lisa Kailai Han Organizations: Medianews, Getty, CNBC, U.S . Labor Department, Dow Jones, Nasdaq, Dow, Labor Locations: Lake Forest , CA, , Thursday's
CNN —US job growth surged in September, blowing past expectations and providing solid reassurance for the ongoing stability of the labor market. Employers added an estimated 254,000 jobs in September, according to data released Friday by the Bureau of Labor Statistics. “The outlook for the economy in the months ahead is quite favorable, according to the September jobs report. As job gains dropped off from their once breakneck pace, economists were quick to note that the labor market was merely slowing and not at risk of imminent collapse. “The labor market is strong,” she said.
Persons: , ” Brian Bethune, , Chris Rupkey, , Elise Gould, Gould, Jerome Powell, September’s, it’s, ” Bethune, , , Josh Hirt, ” Hirt, they’ve Organizations: CNN, Employers, Bureau of Labor Statistics, BLS, Boston College, Service, Federal Reserve, FwdBonds, Economic Policy Institute, Federal, Vanguard, Boeing
CNN —September’s jobs report, due out Friday morning, is expected to show that the US labor market has slowed somewhat but remains on solid footing. While September’s employment data is expected to stay relatively tame, the same can’t be said for the October jobs report, which is set to be released on November 1, just days before the presidential election. The strikes and hurricane-related effects “are not going to permanently alter the trajectory of the labor market; but September is probably our last clean reading on the labor market for a while,” Ryan Sweet, chief US economist at Oxford Economics, told CNN earlier this week. The August jobs report, which showed better-than-expected estimated 142,000 payroll gains and a drop in the unemployment rate, went a long way to quell those fears. It showed that the jobs market is in “stasis,” Wells Fargo economists wrote in a note issued Tuesday.
Persons: bode, Lydia Boussour, ” Ryan Sweet, Helene, , Erica Groshen, They’ve, , Andrew Challenger, Wells, Noah Yosif, ’ Sweet, Ejindu Ume, “ We’re, ” Ume Organizations: CNN, Federal Reserve, Boeing, Gulf Coasts, Oxford Economics, of Labor Statistics, Cornell University School of Industrial and Labor Relations, Employers, Challenger, Labor Department, Pantheon, Labor, BLS, , American Staffing Association, Oxford, Miami University in Locations: EY, Hurricane, East, Gulf, Miami University in Ohio
“Democrats always want to be talking about health care because they have a political advantage over Republicans on the issue with voters,” Larry Levitt, executive vice president for health policy at KFF, a nonpartisan health policy research organization, told CNN. “Americans care about health care. They want to know where the candidates stand when it comes to health care,” Sarah Fioroni, a senior researcher at Gallup, told CNN. Early in the campaign, Trump revived talk of wanting to repeal the Affordable Care Act and replace it with something better. The Trump campaign accused the Harris campaign of “lying because they are losing,” Karoline Leavitt, the campaign’s national press secretary, said in an email to CNN.
Persons: Kamala Harris, Harris, Donald Trump, Trump, Sen, JD Vance, ” Larry Levitt, “ Trump, Vance, Sarah Fioroni, “ It’s, Biden, Obamacare, , ” “, , , , ” Karoline Leavitt Organizations: CNN, White, Trump, West Health, Gallup, Democrats, ABC, Republican,
Total: 25