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☆ Some of Trump's key cabinet picks provide clues to how his administration will approach the business world
▼ + stars: | 2024-11-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

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 . AdvertisementPresident-elect Donald Trump is quickly fleshing out his cabinet, giving a sense of what his second administration will look like. Now he's Trump's nominee for defense secretary. AdvertisementTreasury secretary — TBD: Trump's pick for his top economic advisor is being closely watched considering the key role the economy played in the election.

Persons: —, Donald Trump, Trump, JD Vance, Let's, — Matt Gaetz, Kevin McCarthy, Gaetz, he's, he'd, Mike Johnson, He's, State — Marco Rubio, Rubio, Pete Hegseth, Slaven Vlasic, Hegseth, Hegseth's, Scott Bessent, Howard Lutnick, Cantor Fitzgerald, Bessent, Lutnick, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Trump, Republicans, Senate, Department, Justice, State, Fox News, Getty, Defense, Army Locations: Florida, Silicon, China, Taiwan, Ukraine, Russia, Poland, Israel, New York, Chicago, London

☆ Nuclear-powered aircraft carriers would give China's growing navy new reach, and researchers say it's working on the reactor to power one
▼ + stars: | 2024-11-12 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

Satellite images and Chinese documents point to work on a nuclear-powered aircraft carrier. AdvertisementResearchers say they found evidence that China has built a prototype nuclear reactor to power a large warship, like an aircraft carrier. "They know that this is the hallmark of technology for propulsion on aircraft carriers." AdvertisementThe first American nuclear-powered aircraft carrier was USS Enterprise, commissioned in 1961. Pu Haiyang/Xinhua via Getty ImagesA nuclear-powered aircraft carrier would extend China's naval reach.

Persons: —, Matthew Funaoile, Funaoile, it'll Organizations: Service, Middlebury Institute of International Studies, Planet Labs PBC, Business, Associated Press, China Ship Research, Design Center, AP, Middlebury Institute of International, China, China Power, Center for Strategic, International Studies, USS Enterprise, Nimitz, Ford, Getty Locations: China, California, Leshan, Mucheng, Sichuan province, Sichuan, Fujian, American, Liaoning, Shandong, Soviet, South, Taiwan, Xinhua

A brush fire broke out Friday night in Prospect Park, in the Brooklyn borough of New York City, amid a drought that has been plaguing the northeastern U.S. for weeks. The New York City Fire Department posted about the fire on X at around 8 p.m. and said "operations are ongoing." On Thursday, "temperatures soared to well above normal readings," the National Weather Service office in New York said. The entire New York City region was under a red flag warning Friday, the weather service said, with wind gusts up to 30 mph possible. Prospect Park is located between the neighborhoods of Park Slope, Prospect Heights, Prospect Lefferts Gardens, Flatbush and Windsor Terrace in Brooklyn and boasts a zoo and an ice rink in its 526 acres.

Persons: Eric Adams, Adams, ” Adams Organizations: New, New York City Fire Department, NBC, New York City, FDNY, Emergency Management, NYC Department of Parks and Recreation, National Weather Service, National Oceanic, Atmospheric Administration, Regional Climate Center, New York State Division of Homeland Security, Emergency Services Locations: Prospect Park, Brooklyn, New York City, U.S, York, New York, New Jersey , Connecticut, Massachusetts, Cities, Philadelphia, Newark , New Jersey, Wilmington , Delaware, Norfolk , Virginia, New, Park Slope, Prospect Heights, Prospect Lefferts Gardens, Flatbush, Windsor Terrace

☆ Economic upheaval and political opportunity – what Trump’s return could mean for China
▼ + stars: | 2024-11-07 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

“Trump’s return to power will certainly bring greater opportunities and greater risks for China,” said Shen Dingli, a foreign policy analyst in Shanghai. AFP/Getty ImagesChallenges and opportunitiesBut Trump’s “America First” agenda and transactional worldview may also play in Beijing’s favor, experts say. “Although Beijing is deeply concerned about the unpredictability of Trump’s China policy, it reminds itself that challenges also bring opportunities,” said Tong Zhao, senior fellow at the Carnegie Endowment for International Peace. “If the US and Russia ease relations, it could create greater daylight between Russia and China, effectively driving a wedge between them.” Liu said. “From everything he has said, it’s clear that Trump considers China, not Russia, as the main adversary.”

Persons: Donald Trump, “, ”, Shen Dingli, Xi Jinping, Trump, Xi, “ Trump, Liu Dongshu, Jim Watson, Larry Hu, Kamala Harris, Daniel Russel, Russel, Barack Obama, Tong Zhao, Joe Biden, Arleigh Burke, Halsey, Ismael Martinez, China’s, he’s, ” Zhao, Vladimir Putin, Liu, ” Liu Organizations: Hong Kong CNN, Foreign, Chinese Foreign Ministry, City University of Hong, Getty, Huawei, Investment, Macquarie, Republican, Asia Society Policy Institute, Shipping, Carnegie Endowment, International, NATO, Asian Nato, Trump, US Navy, U.S . Navy, AP, Russia Beijing, Communist Party, Industry, Wall Street Locations: Hong Kong, China, United States, Beijing, Shanghai, America, City University of Hong Kong, Lago, Florida, AFP, Asia, Lianyungang, China's Jiangsu, Europe, Western, Russia, Asian, Taiwan Strait, AP Taiwan, Taiwan, Washington, Ukraine

☆ How companies are looking to cash in on Election Day
▼ + stars: | 2024-11-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +3 min

For many Americans, election night is a chance to blow off steam after an intense few months of campaigning that included a last-minute candidate switch and two assassination attempts. The homebodies are also set to make their economic mark on election night. In 2020, one food delivery company showed sales increased 20% on election night compared to the Tuesday prior. With tensions high, the country is bracing for civil unrest after the election , writes BI's Katie Balevic. The 2024 presidential race is already the most litigated in history, with more than 200 pending preelection lawsuits across 40 states , writes BI's Natalie Musumeci.

Persons: —, Insider's Juliana Kaplan, Kamala Kush, MAGA, rita —, Brian Williams, James Carville, Shepard Smith, BI's Lucia Moses, Williams, Jonathan Wald, Tim Paradis, ResumeBuilder.com, Katie Balevic, BI's Natalie Musumeci, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Amazon, Veteran, American Psychological Association Locations: Brazil, Colombia, Chile, South Africa, New York, London

☆ Trump's closing campaign message is hampered by distractions, disconnect
▼ + stars: | 2024-11-03 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +5 min

Republican presidential nominee and former U.S. President Donald Trump attends his campaign rally at Macomb Community College in Warren, Michigan, U.S., November 1, 2024. Throughout the week, Trump's campaign aired thousands of ads focused on his policy platform: universal tariffs, deeper tax cuts and sweeping immigrant deportations. "This joke does not reflect the views of President Trump or the campaign," Trump campaign senior advisor Danielle Alvarez said last Sunday night. The Harris campaign has spun Trump's comment into a contrast to back its bipartisan case for the Democratic presidential nominee. Republican presidential nominee and former U.S. President Donald Trump attends a campaign rally, in Salem, Virginia, U.S. November 2, 2024.

Persons: Donald Trump, Brian Snyder, Donald Trump's, Kamala Harris, Tony Hinchcliffe's, Tony Hinchcliffe, Andrew Kelly, Bad Bunny, Matt Tuerk, I've, Trump, Danielle Alvarez, Harris, Tim Walz, Liz Cheney, Let's, Tucker Carlson, Brendan Mcdermid, Ian Sams, Trump's, Cheney Organizations: Macomb Community College, Reuters, Republican, New, Madison, NBC, MSG, Minnesota Gov, Wyoming, Desert Diamond, Arizona, Democratic, MSNBC, Fox &, Trump Locations: Warren , Michigan, U.S, Puerto Rico, New York, Puerto Rican, Allentown , Pennsylvania, Pennsylvania, New York City, Madison, Arizona, Glendale , Arizona, Virginia, Salem , Virginia

☆ Yen under pressure as BOJ keeps rates steady
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: +4 min

Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. The yen remained under pressure on Thursday as the Bank of Japan kept ultra-low interest rates steady, while the U.S. dollar consolidated ahead of jobs data later this week and the U.S. presidential election next week. The BOJ kept interest rates steady on Thursday and roughly maintained its forecast that inflation will hover near its 2% inflation target in coming years, signaling its readiness to continue rolling back its massive monetary stimulus. Analysts are divided over the prospect of additional interest rate hikes by year-end, putting the focus on BOJ Governor Kazuo Ueda's post-meeting briefing for clues on the pace and timing of further increases. "Any strengthening of the yen at present would likely result from a general weakening of the U.S. dollar if interest rates begin to align," said Sean Teo, a sales trader at Saxo.

Persons: Yen, Kazuo Ueda's, Sean Teo, payrolls, Donald Trump, Kamala Harris, Sterling Organizations: Bank of Japan, U.S ., U.S, Treasury, Saxo, National Statistics, PMI, Westpac, European Central Bank, Australian, Analysts, New Zealand Locations: China, U.S

☆ The No. 1 most 'critical' thing that keeps us happier and healthier—and 3 ‘surprisingly simple’ ways to get started, from a psychologist
▼ + stars: | 2024-10-29 | by ( Mary E. Anderson | ) www.cnbc.com time to read: +6 min

When I'm sitting with a stressed-out patient in my office and I raise the importance of healthy relationships, they almost always intellectually understand. But it's critical, because healthy relationships help people thrive. As Robert Waldinger, director of the decades-long Harvard Study of Adult Development, has explained: "The clearest message that we get from this 75-year study is this: Good relationships keep us happier and healthier. Here are three surprisingly simple and actionable strategies you can use to lift loneliness, make connections, and start to foster healthy relationships, all of which can be easily implemented even in your busy daily life. Just make sure you're being mindful of your limited time and energy, so you don't burn out in the process.

Persons: I'm, Robert Waldinger, Barbara Fredrickson, I've, it's, —, what's, Larry Dossey, …, Mary E, Anderson Organizations: University of Florida, Boston Healthcare, Harvard Medical School, Boston University School of Medicine Locations: elation

“Make no mistake, an attack on a ballot box is an attack on our democracy and completely unacceptable,” Oregon Secretary of State LaVonne Griffin-Valade said Monday. All ballot boxes in Multnomah County and Clark County have fire suppressant installed, election officials said during a news conference Monday. Voting in Oregon and Washington is done almost entirely by mail or ballot drop off. Enhanced ballot box securityA damaged ballot drop box is displayed during a news conference at the Multnomah County Elections Division office on Monday in Portland, Oregon. Following the ballot box fires, Gluesenkamp Perez requested overnight law enforcement patrols at drop boxes through Election Day.

Persons: LaVonne Griffin, Valade, ”, Steve Hobbs, “, Jenny Kane, Tim Scott, Greg Kimsey, Kimsey, Scott, ” Jay Riestenberg, John Burnside, ” Burnside, They’ve, Burnside, “ It’s, ” “, Mike Benner, Amanda McMillan, Jay Inslee, Jessica Vega Pederson, Tina Kotek, Inslee, Marie Gluesenkamp Perez, Gluesenkamp Perez, CNN’s Kaitlan Collins, I’m, ” Larry Olson, suppressants, ” Olson, CNN’s Nicole Chavez, Taylor Romine, David Williams, Natasha Chen Organizations: CNN, US Department of Homeland Security, Division, Portland Police, Portland Police Bureau, Vancouver Police Department, US Postal Service, . Portland Police, ” Police, Volvo, Oregon Department, Driver, Vehicle Services, Washington Gov, Congressional, Rep Locations: Pacific Northwest, Portland, Vancouver , Washington, Vancouver, Oregon, Washington, Multnomah, Portland , Oregon, Multnomah County, Clark, Clark County, In Oregon, Southeast Portland, Seattle, Washington’s, American, Oregon’s Multnomah County

☆ Sudan: ‘The world doesn’t see us’, said a militia chief while holding Clarissa Ward captive in Darfur
▼ + stars: | 2024-10-23 | by ( Clarissa Ward | ) edition.cnn.com time to read: +12 min

North Darfur, Sudan CNN —“La tasweer! During our journey in and out of North Darfur, we spent many hours traversing the remote region on sandy tracks. During our time in North Darfur, we passed at least six cell phone towers but none of them were operational. “The world doesn’t see us, the help doesn’t come,” the security chief mused to me one afternoon. The security chief poses with Scott McWhinnie and Clarissa Ward after announcing the team would be released.

Persons: Sudan CNN —, hemming, Scott McWhinnie, “, we’re, ”, Brent Swails, “ What’s, Clarissa Ward, Abdul Wahid al, Tawila, Abu Gamra, Don’t, don’t, Scott’s, Ward, ” Michel Lacharité, mused Organizations: Sudan CNN, CNN, Sudan Liberation Movement, Sudanese Armed Forces, SAF, Rapid Support Forces, UN, Toyota Land Cruiser, US, Emergency Operations, Yale Humanitarian Research Locations: Darfur, Sudan, North Darfur, El Fasher, Tawila, El, Ukraine, Gaza, New York City, Abu, Port Sudan, Geneva, Adre, Chad, Zamzam

Former President Donald Trump called rival Kamala Harris a "s--- vice president" during a rally in Latrobe, Pennsylvania, Saturday evening, punctuating his broader argument that she is too liberal in a more aggressive fashion and with fresh vulgarity. "And then, so you have to tell Kamala Harris that you’ve had enough, that you just can’t take it anymore. You’re a s--- vice president." Trump added the catchphrase from his bygone television show "The Apprentice" to cheers: "Kamala, you're fired," he said. The Harris campaign quickly pounced on the anecdote.

Persons: Donald Trump, Kamala Harris, Bernie, Kamala, Trump, you’ve, You’re, Harris, He’s, ” Trump, Palmer, Sarafina Chitika, Matt Corridoni, Joe Biden, Biden, Christine Romans, ” Harris Organizations: Arnold Palmer Regional, NBC, Democratic, Trump, NBC News ’, CNBC, National Rifle Association, “ Locations: Latrobe , Pennsylvania, Scranton , Pennsylvania, Atlanta, Detroit, Pennsylvania, Michigan, United States

☆ Lebanese American killed by Israeli airstrike while caring for those who were displaced, family says
▼ + stars: | 2024-10-13 | by ( Alaa Elassar | ) edition.cnn.com time to read: +10 min

CNN —When Israeli airstrikes began raining down on southern Lebanon, Kamel Ahmad Jawad’s first instinct wasn’t to seek safety or return to the US. On October 1, Jawad, a 56-year-old American citizen, father of four and cherished figure in the Dearborn, Michigan, community, was killed by an Israeli airstrike, his family says. CNN has reached out to the Israeli military, which said they could not comment without being given the exact coordinates and time of the strike that killed Jawad. But his American citizenship, his daughter says, does not make his life any more valuable than the lives of the thousands of Palestinian and Lebanese civilians killed by Israeli airstrikes. Before he was killed, Jawad sent his children a simple voice note: “Peace be upon you.

Persons: Kamel Ahmad Jawad’s, wasn’t, Jawad, ”, Nadine Jawad, Jawad’s, Israel, Yemen –, Iran –, Benjamin Netanyahu, “, ” Hamzah Raza, ” Raza, Abed Ayoub, He’s, ” Ayoub, Rashida Tlaib, Debbie Dingell, Ali Dabaja, Bint Jbeil, Batoul Dabaja, Saad, –, Dabaja, ” Dabaja, Matthew Miller, disclaiming, Kamel Jawad Organizations: CNN, Facebook, Lebanese Ministry of Public Health, Hamas, Palestinian Ministry of Health, Militant, Lebanese Diaspora Relief, “, US State Department, Arab American, Islamic, State Department, Lebanese Locations: Lebanon, Dearborn , Michigan, Israel, Nabatieh, Gaza, Beirut, Iran, Yemen, American, Dearborn, Michigan, Lebanese, US, Arab, ”, Palestinian

☆ What internet data brokers have on you — and how you can start to get it back
▼ + stars: | 2024-10-11 | by ( Barbara Booth | ) www.cnbc.com time to read: +17 min

Inside data brokers' massive vaultCybersecurity experts estimate that data brokers collect an average of 1,000 data points on each individual with an online presence. Little oversight around data privacyThe lack of comprehensive regulation around data privacy allows data brokers to operate with little oversight, unlike the General Data Protection Regulation (GDPR) in the European Union. Opt-out links and instructions are readily available for most of the major data brokers: ExperianTransUnionLexisNexisEpsilon But data privacy experts says reclaiming or deleting your data from brokers can be a deliberately complex process that is not only time-consuming but frustrating. "With AI, data brokers will create even more detailed and predictive profiles, incorporating everything from biometric data to behavioral tracking," Abed said. Until regulation steps in, data brokers will continue to collect as much data as possible.

Persons: Pew, Arjun Bhatnagar, Roger Grimes, Jeff Chester, Chester, I'm, Bruno Kurtic, Chris Henderson, Chelsea Magnant, Rob Hughes, Kurtic, Cloaked's Bhatnagar, Henderson, Javad Abed, Abed Organizations: Pew Research, Social, LexisNexis, Epsilon, OneRep, Center for Digital Democracy, D.C, Bedrock Security, National Security Agency, CNBC, Data Protection, European Union, NYU's Center for Global Affairs, Brunswick, RSA, U.S, Consumers, Consumer, Engage, Federal Trade Commission, FTC, Johns Hopkins Carey Business School Locations: Washington, California, U.S, Chester

☆ FDA antidepressant warnings of suicide risk among kids may have the opposite effect, study finds
▼ + stars: | 2024-10-07 | by ( Kristen Rogers | ) edition.cnn.com time to read: +9 min

None of the studies noted improvements in mental health care or declines in suicide attempts or deaths after the warnings were implemented. While an increase in antidepressant use occurred before the FDA advisory, there were abrupt and sustained declines in use — ranging from 20% to 50% — after the warnings. Three studies reported increases in psychotropic drug poisonings, which suggest suicide attempts, and in suicide deaths among children. However, “the study convincingly suggests that the Black Box warning may have made at least some providers and families anxious about treating adolescents with antidepressants,” Fortuna said. Every young person differs in the level of risk, needs and circumstances, Fortuna said, and antidepressants can be lifesaving.

Persons: ”, Stephen Soumerai, ” Soumerai, suicidality, Lisa R, Fortuna wasn’t, Fortuna, ” Fortuna, . Kao, Ping Chua, Susan B, Chua wasn’t, ” Chua, Chua, “, ” Young Organizations: Lifeline, CNN, Food and Drug Administration, Health Affairs, Harvard Pilgrim Health Care Institute, Harvard Medical School, FDA, Children, American Psychiatric Association, National Institute of Mental Health, University of California, Research Center, University of Michigan Medical Locations: Massachusetts, United States, Riverside, pediatricians

More than 90% of travelers from Southeast Asia say that gun prevalence in the United States influences whether they will visit, according to a new survey. However, nearly 80% said the likelihood that they would attend a mass gathering — such as a concert or music festival — would be greatly or moderately affected by the number of guns in the United States. Half of those surveyed said they have been to the United States. But a prior visit didn't calm Singaporeans' worries about gun violence to the same extent as other nationalities. Another 5% said they will out-and-out refuse to visit if Trump wins, with 2% saying the same about a Harris win.

Persons: Antarika Sen, Donald Trump, Kamala Harris, Harris, Scott Olson, it's Organizations: CNBC Travel, Insight, U.S, Trump, Getty Locations: Southeast Asia, United States, Hawaii, Texas, New York , California, Florida , Nevada , Arizona, Washington, Singapore, Indonesia, Malaysia, Vietnam, Philippines, Thailand, U.S, Flint , Michigan

Tropical Storm Milton formed in the southwestern Gulf of Mexico Saturday morning, just hours after it became a tropical depression, , according to the National Hurricane Center. This new storm formation comes less than 10 days after Hurricane Helene made landfall in Florida, and is forecast to strengthen into a hurricane, bringing life-threatening conditions to the state's west coast next week. Maximum sustained winds from Tropical Storm Milton are estimated to be 40 miles per hour with higher gusts, the NHC said. Hurricane and storm surge watches will likely be required for certain regions of Florida on Sunday, many of which have just been hard-hit by Hurricane Helene. The National Weather Service placed the region in the potential path of Tropical Storm Milton, although it is still too early to tell how the storm will impact the county.

Persons: Milton, Hurricane Helene, Tropical Storm Milton, Storm Milton Organizations: National Hurricane Center, Tropical Storm, NHC, National Weather Service Locations: Gulf, Mexico, Florida, Tropical, Pinellas County, Cuba, Bahamas

☆ Goldman Sachs says crude could spike by $20 on Iran oil shock
▼ + stars: | 2024-10-04 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

The oil tanker 'Devon' prepares to transfer crude oil from Kharg Island oil terminal to India in the Persian Gulf, Iran, on March 23, 2018. Oil prices could shoot up $20 per barrel if Iranian production sees a hit resulting from Israeli retaliation, according to Goldman Sachs. U.S. crude oil prices just saw a third consecutive session of gains after Iran launched a ballistic missile attack on Israel, heightening tensions in the region. If Israel hits Iran's oil industry, supply disruptions in the Strait of Hormuz could become of concern, other analysts echoed. This strategically significant waterway connects crude oil producers in the Middle East with major global markets.

Persons: Struyven, Daan Struyven, Goldman Sachs, CNBC's, Saul Kavonic, Joe Biden, Brent Organizations: U.S . Energy Information Administration, Oil, CNBC, White, bbl, USD150, Fitch Solutions, BMI Locations: Devon, India, Persian Gulf, Iran, Saudi Arabia, UAE, Israel, U.S, China, Hormuz, Strait, Oman, OPEC

☆ A trifecta of global crises could snarl supply chains and increase prices
▼ + stars: | 2024-10-03 | by ( Eliza Relman | ) www.businessinsider.com time to read: +9 min

The dockworkers' strike threatens supply chains, while Hurricane Helene caused costly damage. Devastation from Hurricane Helene, a dockworkers' strike, and escalating conflict in the Middle East all threaten to scramble supply chains and inflate prices. How much the strike impacts prices depends on how much of a cushion companies have built to deal with any bottlenecks. Bottlenecks also encourage carriers to raise their prices, increasing retail and consumer goods prices, Kent said. The hurricane has also disrupted some supply chains, including healthcare supplies and high-purity quartz needed for semiconductor manufacturing.

Persons: Helene, —, Israel ramped, Douglas Kent, Dockworkers, dockworkers, Morgan Stanley, Kent, Fazili, Lauren Saidel, Baker, she's, Biden, Hurricane Helene, Adam Kamins Organizations: Service, Association for Supply Chain Management, JPMorgan, National Economic, Biden, ITR, International Longshoremen's Association —, United States Maritime Alliance, Homeowners Locations: Israel, Iran, Hurricane, Lebanon, Maine, Texas, East Coast, Gulf, Kent, West Coast, North Carolina, Florida

☆ Why China would want to launch an intercontinental ballistic missile out into the Pacific
▼ + stars: | 2024-09-26 | by ( Chris Panella | ) www.businessinsider.com time to read: +8 min

China test-fired an ICBM this week, launching it into the Pacific Ocean for the first time in over 40 years. Though it was anything but, China's Ministry of Defense said the test launch was "routine." China's intercontinental ballistic missile test on Wednesday was its first in the Pacific in over 40 years. China's ICBM test comes less than a week before the 75th anniversary of the founding of the People's Republic of China. Xinhua/Lin Yiguang via Getty ImagesThe publicly announced ICBM launch comes as PLARF expands its nuclear arsenal and builds up its missile capabilities.

Persons: —, could've, Xu, Decker Eveleth, Tianran, Eveleth, Lin Yiguang, PLARF, Captain Ryan DeBooy Organizations: Service, Army's, Force, China's Ministry of Defense, China People's Liberation Army News, Communication Center, Open Nuclear Network, Business, Center for Naval, Getty, Department of Defense, Pentagon, US, Chinese Foreign Ministry Locations: China, Hainan, South, Pacific, Communication Center China, People's Republic of China, Xinhua, Japan, Guam, Russia, Philippines, Taiwan, Beijing, Taiwan Strait

☆ Gold touches record high on rate-cut bets, weaker U.S. dollar
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: +2 min

Gold bars sit in a vault at the Perth Mint Refinery, operated by Gold Corp, in Perth, Australia, on August 9, 2018. Gold hit a record high on Wednesday, boosted by a softer U.S. dollar and hopes of more interest rate cuts, while investors looked for new signals for the Federal Reserve's interest rate trajectory. Spot gold was steady at $2,658.08 per ounce, as of 0557 GMT, after hitting an all-time high of $2,670.43 earlier. On Tuesday, China announced a slew of support measures including outsized rate cuts, after the U.S. Fed cut rates by 50 basis points last week. Inflows to gold exchange-traded funds, particularly from Western investors, will rise in the coming months, providing further support for record-high bullion prices, analysts said.

Persons: Gold, Kelvin Wong, OANDA's, Wong, Michelle Bowman, Jerome Powell's, heightening Organizations: Perth Mint Refinery, Gold Corp, U.S, Fed, Asia Pacific, Traders Locations: Perth, Australia, China, Beirut

The Secret Service is heightening security around former President Donald Trump, an agency official said Monday, following the apparent attempt on his life just two months after an assassination attempt at a campaign rally. “Given recent events, the Secret Service is taking a heightened posture in its protection of the former president,” the official said. The new measures appeared to be visible Monday when Trump got off his plane in Pennsylvania and a Secret Service agent followed closely behind. Federal prosecutors recently charged Ryan Wesley Routh, 58, in connection with an apparent assassination attempt on Trump on Sept. 15. Routh was charged a little more than two months after a gunman in Butler, Pennsylvania, shot Trump in the ear during a campaign rally.

Persons: Donald Trump, ”, Trump, Ryan Wesley Routh, Routh, Win McNamee, Butler Organizations: Service, Federal, Trump Locations: Pennsylvania, West Palm Beach , Florida, Florida, Sprankle's, Kittanning, Pa, Butler , Pennsylvania

☆ Gold set for weekly gain on Fed rate cut boost
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: +2 min

Gold lingered near record high levels on Friday and was on track for a weekly gain after the Federal Reserve's recent super-sized interest rate reduction and on signs that further cuts were on the horizon. Spot gold rose 0.2% to $2,592.17 per ounce, as of 0309 GMT, up about 0.6% for the week so far. Bullion rose to a record high of $2,599.92 on Wednesday after the Fed began easing monetary policy with a half-percentage-point rate cut. "Gold prices are expected to be well supported in the coming months due to a weaker U.S. dollar and lower bond yields, as well as against a backdrop of elevated geopolitical tensions," BMI said in a note. Spot silver rose nearly 1% to $31.09 per ounce and palladium gained 0.6% to $1,086.75.

Persons: Gold, Kyle Rodda Organizations: Federal, Fed, Capital.com, BMI Locations: Birmingham, England, Capital.com . Lower U.S, East, Lebanon, Israel, Lebanese, China, Switzerland

☆ 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

☆ New apparent Trump assassination bid is another dark moment with unpredictable political consequences
▼ + stars: | 2024-09-16 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

CNN —There’s no political playbook for how to deal with another apparent assassination attempt against a major-party presidential candidate within weeks of an election. The second apparent assassination attempt comes against the backdrop of a turbulent campaign that has defied convention and predictions. Another apparent attempt on his life is likely to have some level of personal impact on the former president. In normal circumstances, an apparent assassination attempt against a presidential candidate might be expected to unleash a surge of sympathy that could translate into a political boost. But it’s too early to say whether the second apparent assassination attempt will have greater political impact than the first.

Persons: CNN —, Donald Trump, —, Kamala Harris, Tim Walz, Joe Biden, Harris, Trump, “, ” —, ” Trump, Elise Stefanik, ”, Mike Johnson, Biden, Stefanik, didn’t, They’d, Ohio Sen, JD Vance, Vance, Dana Bash, Mike DeWine, it’s Organizations: CNN, Minnesota Gov, Trump, Trump —, New York, Republican National Convention, GOP, Secret Service, Trump International Golf Club, Justice Department, Republican, White, Republicans, Biden, stoke, CNN’s, ABC Locations: America, Florida, Butler , Pennsylvania, Lago, Milwaukee, West Palm Beach , Florida, Pennsylvania, Butler, Springfield , Ohio, CNN’s “ State, United States, The Ohio, Venezuela

During Tuesday’s presidential debate, former President Donald Trump repeated unfounded claims that Haitian immigrants “are eating dogs and cats … eating people’s pets” in Springfield, Ohio. “The fact that Donald Trump wants to double down on something so ridiculous just breaks my heart again,” Smith said. The rumor follows years of insults hurled at Haitians and Haitian Americans, including unfounded claims of cannibalism, and Trump’s hostility toward Haitian immigrants during his administration. “I work every day with Haitian immigrants, and no one works as hard as them,” he said. “It’s really unreal.”On social media, Haitians have expressed disgust about the depiction, while others “won’t even entertain something so crazy,” Smith said.

Persons: Donald Trump, Carmine Simon Smith, ” Smith, “, ”, Smith, Trump, Sen, JD Vance, Trump’s, Vance, Francois C, Antoine Simon, Jean, Claude Duvalier, Doc, Duvalier, Smith’s, That’s, It’s, ” Moses Jean, Pierre, Pierre said, They’re, ” Nasha Pierre, Moses Jean, Pierre ., Pierre “, Kamala Harris, ” Pierre, “ It’s, don’t, Rob Rue, Dany Philippe Organizations: NBC News, Local, White, America, Black, Hoops, Haiti, Trump, NBC Locations: Springfield , Ohio, Atlanta, R, Ohio, Springfield, Haitian, Haiti, El Salvador, France, Canada, Black Republic, Boston, Port, Phoenix, U.S, Florida, Las Vegas, America, Springfield’s, New York, That’s Haiti

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