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☆ The Fed's interest-rate cut put Trump even more at odds with the central bank
▼ + stars: | 2024-09-19 | by ( Ayelet Sheffey | Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

On Wednesday, the Federal Open Market Committee announced an interest-rate cut of 50 basis points, the first cut Americans have received in over four years. AdvertisementHe's argued in the past that the Fed would only cut rates close to the election to aid Democrats, which he reiterated leading up to the central bank's announcement. Trump sought to use his presidential power to appoint members to the Fed board who supported his unorthodox views of the central bank. Trump has flip-flopped his views on his most important appointment to the Fed: Powell. Trump's tepid support of Powell underlines just how mercurial he can be when it comes to the central bank.

Persons: —, Donald Trump isn't, Jerome Powell, Trump, they're, He's, Powell, Judy Shelton, Shelton, Sen, Susan Collins, Herman Cain, Stephen Moore, Michelle Bowman, Christopher Waller, he's, reappoint Powell, Trump hasn't Organizations: Service, Federal, Market Committee, Democratic, Business, Federal Reserve, Street, Trump, Bloomberg, Fox, Fed, Governors, Maine Republican, Fed Board, Bloomberg News Locations: New York, Michigan, Maine

☆ Oil prices fall as U.S. rate cut fails to boost market sentiment
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: +2 min

A pump jack operates in front of a drilling rig at sunset in an oil field in Midland, Texas. Oil prices fell in Asian trading on Thursday after a larger-than-expected Federal Reserve interest rate cut sparked concerns about the U.S. economy. The U.S. central bank cut interest rates by half a percentage point on Wednesday, suggesting the Fed saw a slowing job market. That view appeared to outweigh the boost that interest rate cuts usually bring to economic activity. China's industrial output growth also slowed to a five-month low last month, and retail sales and new home prices weakened further.

Persons: Tony Sycamore, heightening Organizations: Brent, Fed, ANZ, Citi, Shandong Yulong Petrochemical Locations: Midland , Texas, U.S, China, Shandong Yulong, Gaza

☆ Secret Service is investigating Elon Musk's 'Biden/Kamala' assassination tweet
▼ + stars: | 2024-09-19 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Read previewThe Secret Service is looking into Tesla CEO Elon Musk's tweet that questioned why no one was trying to assassinate President Joe Biden or Vice President Kamala Harris. According to Bloomberg News, the Secret Service declined to release information related to Musk's tweet over the weekend due to "enforcement proceedings." A Secret Service spokesperson said the agency knew of Musk's message but would not be offering further comment. As Bloomberg pointed out, the Secret Service often investigates direct and implied threats against the people they protect, including Biden and Harris. AdvertisementMost often, the worst that comes of it is a visit from a Secret Service officer.

Persons: —, Elon Musk's, Joe Biden, Kamala Harris, Donald Trump, Biden, Kamala, elissa M cKenzie,, ince, egan, ake, hite Organizations: Service, Bloomberg News, Business Locations: usk, ried, ut

☆ Oil stares at a bleak future as China's economy sputters. The good news: A market 'bust' is unlikely
▼ + stars: | 2024-09-18 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

"We estimate that Brent could fall to roughly $50 per barrel in a moderate [U.S.] recession … We have a fairly benign view on the global economy," Struyven said during the conference. en Luckock global head of oil at Trafigura"Things are slowing down. Trading Giant Trafigura raised concerns about China's weak demand, and the global oil consumption tied to it. China's slowdown has spurred some to scour for alternative oil demand drivers, with a few eyeing India as a potential candidate. India is the third largest consumer of oil at around 5 million barrels of oil per day, 5% of the world's oil consumption.

Persons: Andrey Rudakov, Goldman Sachs, Brent, Struyven, Torbjörn Törnqvist, Ben Luckock, we're, Bing Chen, Gunvor Organizations: Tuapsinsky, Rosneft Oil, Bloomberg, Getty, Global Commodities, Daan, CNBC, Global, Brent, U.S, West Texas Locations: Tuapse, Russia, China, U.S, Ukraine, India, Japan, Germany, Hong

☆ JD Vance's staff claimed they had evidence of a Haitian taking a cat in Springfield. But it turns out 'Miss Sassy' is just fine
▼ + stars: | 2024-09-18 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +1 min

Sen. JD Vance's staff reportedly sent evidence of a possible cat-napping to the Wall Street Journal. Vance has defended his role in pushing rumors that Haitian migrants are eating people's pets in a small town. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSen. JD Vance's staff forwarded evidence that might have added legitimacy to the wild and racist rumors that Haitian migrants were eating people's pets in the small town of Springfield, Ohio. But when a reporter checked out the situation, they found an apologetic woman with a cat, Miss Sassy, that was safe and sound.

Persons: Sen, JD Vance's, Vance, —, JD, Sassy Organizations: Wall Street, Service, Republican, Business Locations: Springfield , Ohio

☆ U.S. crude oil prices fall ahead of pivotal Fed decision on interest rates
▼ + stars: | 2024-09-18 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil fell Wednesday ahead of the Federal Reserve's pivotal decision on interest rates later this afternoon. The oil market has been rattled this month by worries about a growing imbalance between supply and demand. Bulls are hoping that a decision by the Fed to cut interest rates for the first time in years could put a bid into the market. Andy Lipow, president of Lipow Oil Associates, said a 25 basis point cut is probably already priced into the oil market. Traders are also waiting for the latest data on U.S. crude oil inventories at 10:30 am ET.

Persons: Matt Smith, Andy Lipow, Lipow Organizations: Federal, Americas, Kpler, Brent, Bulls, Fed, Lipow Oil Associates, Hezbollah, Traders Locations: U.S, China, OPEC, Canada, Brazil, Guyana, Israel, Iran, Lebanon

☆ Oil prices steady, with investors focusing on Fed decision
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: +2 min

Oil prices steadied on Wednesday, after rising in the previous two sessions, as investors await the U.S. Federal Reserve's anticipated interest rate cut, with the potential for more violence in the Middle East supporting the market. "Markets have calmed down as concerns over hurricane damage and escalating tensions in the Middle East have been factored in," said Mitsuru Muraishi, an analyst at Fujitomi Securities. "Now, investors are focusing on the Fed's rate cuts which could revitalize U.S. fuel demand and weaken the dollar," he said, predicting that oil prices are likely to maintain a bullish tone after Brent hit its lowest since 2021 last week. Traders kept bets the Fed will start an expected series of interest rate cuts with a half-percentage-point move downward on Wednesday, an expectation that may itself put pressure on central bankers to deliver just that. Oil stockpiles rose by 1.96 million barrels in the week ended Sept. 13, according to market sources citing the API figures, but gasoline and distillate stocks both rose by about 2.3 million barrels.

Persons: Hurricane Francine, Mitsuru Muraishi, Brent, Biden Organizations: U.S, U.S . Federal, Brent, Fujitomi Securities, Traders, Strategic Petroleum Reserve, American Petroleum Institute, Reuters, U.S . Energy Locations: U.S ., U.S, Israel, Lebanon, Beirut

☆ Paul McCulley says, he expects a total of 200 bps cuts in 2025
▼ + stars: | 2024-09-17 | 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 EmailPaul McCulley says, he expects a total of 200 bps cuts in 2025Paul McCulley, former PIMCO chief economist and Brent Beardall, WaFd Bank CEO, join 'Power Lunch' to discuss the Fed, rate cuts and what it all means for the economy.

Persons: Paul McCulley, Brent Beardall Organizations: WaFd Bank

☆ Watch CNBC’s full interview with WaFd Bank CEO Brent Beardall and Fmr. PIMCO Chief Economist Paul McCulley
▼ + stars: | 2024-09-17 | 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 EmailWatch CNBC’s full interview with WaFd Bank CEO Brent Beardall and Fmr. PIMCO Chief Economist Paul McCulleyPaul McCulley, former PIMCO chief economist and Brent Beardall, WaFd Bank CEO, join 'Power Lunch' to discuss the Fed, rate cuts and what it all means for the economy.

Persons: Brent Beardall, Paul McCulley Paul McCulley Organizations: WaFd Bank, PIMCO

☆ Op-ed: Here’s why a sale of Bausch + Lomb could lead to a windfall for Bausch Health investors
▼ + stars: | 2024-09-17 | by ( Kenneth Squire | ) www.cnbc.com time to read: +7 min

Bausch + Lomb parent company Bausch Health is spinning off the eye-care company with an upcoming IPO which will list on the New York Stock Exchange and TSX with the ticker symbol “BLCO”. This would greatly benefit BLCO stockholders, of which Bausch Health is the largest. As an 88% owner of BLCO, Bausch Health's value derived from such a sale would be $12.32 billion. Adding the value of the proceeds from BLCO sale, the Xifaxan cash flows and RemainCo yields a total value of $25.93 billion for Bausch Health. After subtracting 100% of the Bausch Health debt, that would yield an equity value of $10.49 billion or $28.19 per share.

Persons: Bausch, Scott Olson, Richard Mulligan, John Paulson, Brett Icahn, Steven Miller, Carl Icahn, BLCO, Goldman Sachs, Bausch Health's, Peers, InMode, Takeda, Gary Hu, Brent Saunders, Ken Squire Organizations: Bausch Health, New York Stock Exchange, TSX, U.S . Securities, Exchange, Financial Times, Cooper Companies, BLCO, Products, Takeda Pharmaceuticals, Ironwood Pharmaceuticals, Health, 13D Locations: CHICAGO , ILLINOIS, Chicago , Illinois, BLCO

☆ U.S. crude oil trades above $70 per barrel as Gulf of Mexico production recovers
▼ + stars: | 2024-09-17 | by ( Spencer Kimball | ) www.cnbc.com time to read: 1 min

U.S. crude oil traded above $70 per barrel on Tuesday, as production in the Gulf of Mexico is still in recovery mode after Hurricane Francine. More than 200,000 barrels per day remained offline in the Gulf as of Monday, according to Bureau of Safety and Environmental Enforcement. Production from undamaged facilities will be brought back online immediately after checks have been completed, according to the agency. The central bank is widely expected to lower rates, though Wall Street is divided on the magnitude of the cut. U.S. crude oil is down more than 13% this quarter while Brent has fallen nearly 16% as demand slows in China, the world's largest crude importer, and OPEC+ plans to increase production in December.

Persons: Francine, Brent Organizations: of Safety, Environmental Enforcement, Federal Reserve Locations: Gulf, Mexico, China, OPEC

☆ Oil extends gains on U.S. output concerns, expected drop in stockpiles
▼ + stars: | 2024-09-17 | by ( ) www.cnbc.com time to read: +1 min

Oil prices extended gains on Tuesday as the market eyed U.S. output concerns in the aftermath of Hurricane Francine and expectations of lower U.S. crude stockpiles. The market is keeping a close watch on the upcoming decision by the U.S. Federal Reserve on the interest rate cut. A lower interest rate will reduce the cost of borrowing and can potentially lift oil demand by supporting economic growth. "Growing expectations of an aggressive rate cut boosted sentiment across the commodities complex," said ANZ analysts in a note, adding that ongoing supply disruptions also supported oil markets. China's oil refinery output fell for a fifth month in August amid declining fuel demand and weak export margins, government data showed on Saturday.

Persons: Hurricane Francine Organizations: Brent, Federal, U.S . Bureau of Safety, U.S . Federal Reserve, ANZ, Investors Locations: U.S . Gulf, Mexico, U.S, China

☆ A top poll showing Trump narrowly ahead in Iowa is a warning sign for his campaign
▼ + stars: | 2024-09-16 | by ( John L. Dorman | Brent D. Griffiths | ) www.businessinsider.com time to read: +8 min

Iowa shifted from being a swing state to one where Republicans are firmly in the driver's seat. In Iowa, the gender gap is as pronounced as it is in many swing states. AdvertisementIn the latest Iowa poll, state voters gave Harris an 11-point point edge over Trump (53% to 42%) on the issue of abortion. AdvertisementStill, the poll shows why the intense focus on the seven swing states can sometimes be detrimental. The Iowa poll found that six percent of voters still back Kennedy, a decrease from June but still a number that could cause headaches.

Persons: —, Donald Trump's, Trump, Barack Obama —, Joe Biden, Biden, Kamala Harris, Harris, Roe, Wade, It's, That's, Win McNamee, J, Ann Selzer, Nate Silver's, Robert F, Kennedy Jr, Kennedy, Mary Peltola, Lyndon B, Johnson, he's, Hillary Clinton Organizations: Service, Republicans, GOP, Business, Iowa, Trump, Democratic, Des Moines Register, Biden . Iowa Democrats, Biden, Des, Register, Republican, Iowa Republicans, White Locations: Iowa, Midwest, . Iowa, Illinois, Des, —, Hawkeye, Georgia, Pennsylvania, Wisconsin, Alaska, Alaska's, Trump, Michigan , Wisconsin

☆ Oil prices inch up on Fed rate cut outlook
▼ + stars: | 2024-09-16 | by ( ) www.cnbc.com time to read: +2 min

Oil prices edged up in early trade on Monday amid expectations of a U.S. interest rate cut this week, though gains were capped by U.S. supply resumptions following Hurricane Francine and weaker China data. Brent crude futures for November were up 15 cents, or 0.2% at $71.76 a barrel at 0015 GMT. U.S. crude futures for October were up 23 cents, or 0.3%, at $68.88 a barrel. Still, nearly a fifth of crude oil production and 28% of natural gas output in the Gulf of Mexico remain offline in the hurricane's aftermath. A key factor that will dominate the market this week is how aggressive a rate cut the U.S. Federal Reserve will deliver following its Sept. 17-18 meeting.

Persons: Francine, Donald Trump, Benjamin Netanyahu, Israel Organizations: Brent, U.S . Federal, FedWatch, ANZ, Republican Locations: Tatarstan, Russia, U.S, China, Mexico, Gulf, Florida, Iran, Israel

☆ Trump's debate fumble let Harris redefine the race
▼ + stars: | 2024-09-14 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

Trump even muddled the most basic attack on connecting Harris to Biden, claiming at one point that Biden "hates" his own vice president. Trump, an acolyte of Roy Cohn, forgot the controversial lawyer's most famous adage to "Attack, Attack, Attack" when he needed it the most. And as he did, all night, Trump took the bait, spending the first part of his rebuttal defending the money his father gave him. Harris continues to have a slight lead in the major national polling averages, but the race remains even closer in key swing states. After reversing himself many times, Trump declared before the weekend that he would not debate Harris again.

Persons: —, Donald Trump, Kamala Harris, Trump, Harris, Joe Biden's, isn't, Sen, JD Vance, Vance, Abraham, Lindsey Graham, Biden, Mike Pence, Bush, Karl Rove, Roy Cohn, Hunter, Joe Biden, you've, Tim Walz, Walz, Doug Emhoff, Gwen Walz Organizations: Service, Business, Trump, Republican, New York Times, Publicly, Abraham Accords, Politico, The New York Times, Ivy League, Wharton School of Finance, White House, Democratic, Biden Locations: United States, Harris, Ukraine, Ohio, Siena, North Carolina, Michigan, Wisconsin, Minnesota, Nevada , Arizona, Florida, Georgia , New Hampshire, Maine, Arizona

☆ Oil prices extend recovery rally to cap volatile week
▼ + stars: | 2024-09-13 | by ( ) www.cnbc.com time to read: +2 min

Brent crude futures rose by 34 cents, or 0.5%, to $72.31 per barrel by 0016 GMT. U.S. West Texas Intermediate crude futures rose by 38 cents, or 0.6%, to $69.35 a barrel. Official data showed nearly 42% of the region's oil output was shut-in as of Thursday. A shift towards lower-carbon fuels is also weighing on China's oil demand, speakers at the APPEC conference said this week. China's crude oil imports averaged 3.1% lower this year from January through August compared to the same period last year, customs data showed on Tuesday.

Persons: Phillips, Hurricane Francine, Brent, Francine Organizations: Brent, . West Texas, UBS, Organization of Petroleum, International Energy Agency, U.S . Energy, Administration Locations: Linden , New Jersey, United States, U.S . Gulf of Mexico, Louisiana, China, U.S

☆ Colorado teen shot in the face after going to home to ask permission to take homecoming photos
▼ + stars: | 2024-09-12 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

A 17-year-old Colorado boy was shot in the face Tuesday after he and a friend went to a home to ask permission to take homecoming photos on the property. The shooting happened around 4:15 p.m. at a home on Pleasant Park Road in Jefferson County, the sheriff's office said. Metz then got out of his vehicle and allegedly fired one round through the windshield of the teen's car, the news station reported. He said they parked outside the gate, hopped the fence and walked up the driveway to look for the homeowner, the sheriff's office said in a news release. A sheriff's office spokesperson told KUSA that the teen's intent did not seem "malicious or criminal."

Persons: Brent Metz, Metz, KUSA Organizations: Sheriff's, NBC, NBC News Locations: Colorado, Pleasant, Jefferson County, Jefferson, Denver, Mountain View

☆ Goldman recommends these energy stocks to play the slump in crude oil
▼ + stars: | 2024-09-12 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The sharp slump in crude oil this month has driven down energy stocks, but the pullback also presents an opportunity for investors to gain exposure to some high-quality companies, according to Goldman Sachs. Crude oil futures rebounded somewhat Wednesday, but the U.S. benchmark and Brent are still down about 8.5% and 10.4%, respectively, in September. Wall Street analysts have an average stock price target of $139 on Conoco, implying upside of nearly 37% from Wednesday's close of $102.57 per share, according to FactSet data. The Street has an average price target of $18 on Talos, suggesting nearly 70% upside from Wednesday's close of $10.84 per share, according to FactSet. EQT has an average target price of $43, based on the Street consensus among analysts, representing a return of 31% from Wednesday's close of $32.88 per share, according to FactSet.

Persons: Goldman Sachs, Brent, Goldman, Neil Mehta, Mehta, Conoco, Tim Duncan, EQT, — CNBC's Michael Bloom Organizations: Brent, ConocoPhillips, Wall Street, Talos, EQT Locations: U.S, Wednesday's

☆ U.S. crude oil rises more than 1% as Francine disrupts production in Gulf of Mexico
▼ + stars: | 2024-09-12 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil jumped more than 1% to trade above $68 per barrel on Thursday, after Hurricane Francine churned through the Gulf of Mexico, disrupting oil production before making landfall in Louisiana. Oil futures rose more than 2% in the previous session as the storm threatened supplies. "Hurricane Francine has likely disrupted about 1.5mn barrels of US oil production, which we estimate will reduce September production in the Gulf of Mexico by around 50,000bpd," Giovanni Staunovo, an analyst at UBS, told clients in a Thursday note. Staunovo said the recent slump may be due to traders losing confidence in OPEC's ability to maintain compliance with production cuts at lower price levels. UBS expects oil prices will continue to rise, at least the short term.

Persons: Hurricane Francine, Francine, Giovanni Staunovo, Staunovo, Brent Organizations: UBS, bbl Locations: Gulf of Mexico, Louisiana, Gulf, Mexico, 50,000bpd

☆ Oil prices flat as lower demand signs outweigh U.S. hurricane impact
▼ + stars: | 2024-09-12 | by ( ) www.cnbc.com time to read: +1 min

Oil prices were flat on Thursday as concerns about lower demand erased the gains from the previous session spurred by Hurricane's Francine's impact on output in the U.S., the world's biggest crude producer. But with the storm set to eventually dissipate after making landfall, the oil market's attention again turned to lower demand. U.S. oil stockpiles rose across the board last week as crude imports grew and exports dipped, the Energy Information Administration said on Wednesday. The data also showed gasoline demand fell to its lowest since May at the same time distillate fuel demand dropped, with refinery runs also declining. Earlier in the week, the Organization of the Petroleum Exporting Countries cut its forecast for global oil demand growth in 2024 and also trimmed its expectation for next year, its second consecutive downward revision.

Persons: Hurricane's, Brent Organizations: Hurricane, Energy Information Administration, Organization of, Petroleum, International Energy, ANZ Research Locations: Nolan , Texas, U.S, U.S . Gulf, Mexico, Louisiana

☆ Oil prices rebound on fears of supply disruption from tropical storm
▼ + stars: | 2024-09-11 | by ( ) www.cnbc.com time to read: +2 min

An oil pumpjack in the Inglewood Oil Field, seen from the Kenneth Hahn State Recreation Area, on July 13, 2022, in Los Angeles, California. Crude prices bounced on Wednesday as concerns about Tropical Storm Francine disrupting supply of oil outweighed worries about demand. OPEC also cut its 2025 global demand growth estimate to 1.74 million bpd from 1.78 million bpd. But the U.S. Energy Information Administration said on Tuesday global oil demand is set to grow to a bigger record this year while output growth will be smaller than prior forecasts. Meanwhile, China's daily crude oil imports rose last month to their highest in a year, customs data and Reuters records showed on Tuesday, as shipments staged a tentative recovery on lower crude oil prices and improving refining margins.

Persons: Kenneth Hahn, Brent, Hiroyuki Kikukawa, Storm Francine Organizations: Inglewood Oil, Recreation Area, Brent, NS, Nissan Securities, U.S, National Hurricane Center, U.S . Bureau of Safety, Environmental, Organization of, Petroleum, OPEC, U.S . Energy, Administration Locations: Inglewood, Los Angeles , California, Louisiana, Gulf, Mexico, U.S . Gulf, U.S

Read previewIt's officially a "Love Story" between Taylor Swift and Vice President Kamala Harris. The superstar singer endorsed Harris for president on Tuesday night, minutes after the end of the debate between the vice president and former President Donald Trump. She signed off her post with the phrase: "Taylor Swift, Childless Cat Lady." When questioned on Swift's Harris endorsement, Trump said he had "no idea" about it. AdvertisementMany Democrats have been frothing at the mouth for a Swift endorsement given her unique cultural sway and loyal fandom.

Persons: —, Taylor Swift, Kamala Harris, Harris, Donald Trump, Swift, Cat Lady, Sen, JD Vance's, Tim Walz, " Walz, Trump, Swift's Harris, Swift's, Kamala —, X —, Joe Biden, Marsha Blackburn, Scott, Brittany Mahomes, Patrick Mahomes, Travis Kelce, Stevie Wonder, John Legend, Charlie XCX Organizations: Service, Business, MSNBC, Democratic, Truth, Kansas City Chiefs, Fox Business, Democratic National Convention, Minnesota Gov Locations: America

☆ Trump's rage was on full display during the debate. And that's great news for Kamala Harris.
▼ + stars: | 2024-09-11 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Read previewFormer President Donald Trump's advisors and allies scripted his playbook to attack Vice President Kamala Harris during the debate. Harris baited Trump, starting by distracting Trump from talking about his favorite issue of immigration by getting him stewing about crowd size. Harris talked about how the Wharton School of Finance, Trump's beloved alma mater, has published research questioning his economic plans. He clearly seemed annoyed at the ABC News debate moderators who repeatedly interrupted the debate to fact-check his false claims. Trump's team echoed those claims online, arguing that the former president had to take on Harris, Muir, and co-moderator Linsey Davis.

Persons: —, Donald Trump's, Kamala Harris, Trump, Harris, Mark Esper, Trump's, Dick, Liz Cheney, Donald Trump, David Muir, I've, Muir, Linsey Davis, Jason Miller Organizations: Service, Business, Wharton School of Finance, Trump, ABC Locations: Pennsylvania, Ohio, North Carolina

☆ Trump mentioned Biden so many times during the debate that Harris felt she needed to remind him he wasn't there
▼ + stars: | 2024-09-11 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Trump's team telegraphed that he would repeatedly try to yoke Vice President Kamala Harris to Biden's unpopular record. According to ABC's official transcript, Trump mentioned Biden 14 times by name. But how Trump attacked the president encapsulated his struggles to define Harris since Biden dropped out of the race following his disastrous June debate performance. Trump couldn't even decide how to attack Harris in the context of Biden. Harris felt compelled to remind viewers that the rematch polls showed voters long loathed was in fact not happening.

Persons: —, Joe Biden, Donald Trump, Trump's, Kamala Harris, Biden's, wasn't, Trump, Biden, Harris, Joe, Hunter Biden, Tim Walz, David Muir, Muir, she's Organizations: Service, Business, Republicans, GOP, Minnesota, Biden, Trump, ABC Locations: California, Ukraine, China, Moscow's

☆ How plunging oil prices could help the US avoid recession
▼ + stars: | 2024-09-11 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

Brent crude has fallen below a key threshold of $70 per barrel, and analysts expect it to fall further. Falling oil prices lessen the odds of a US recession, market veteran Ed Yardeni said. Go to newsletter preferences Thanks for signing up! That puts the commodity at its lowest level in three years, breaking past a key threshold of $70 per barrel. Although falling prices might spell trouble for oil producers who hinge on the product, it could ease the chances of a US recession, one economist wrote.

Persons: Brent, Ed Yardeni, — Organizations: Service, Business

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