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The unprecedented destruction Hurricane Helene has wreaked on western North Carolina could take months, if not years, to rebuild. “We are always playing like we’re one point down,” a Trump campaign official said. A Trump campaign official pointed to efforts to expand the Trump tent with surrogates like Robert F. Kennedy Jr., Tulsi Gabbard and Iowa Gov. The Harris campaign also hosted community meals that fed 120 families, and it is organizing similar events, spending more than $30,000 on relief efforts. Ultimately, after Biden toured North Carolina, Harris visited once in her official capacity after she visited Georgia to underscore relief efforts.

Persons: Helene, Kamala Harris, That’s, Harris, Donald Trump, Republicans —, Trump, it’s, “, Morgan Jackson, Roy Cooper, Josh Stein, ” Jackson, Mark Robinson, Hurricane Helene, Brendan Smialowski, Nikki Haley, Sen, Thom Tillis, Tillis, ”, Thomas Mills, ” Jonathan Felts, Robinson, Harris “, Robert F, Kennedy Jr, Tulsi Gabbard, Kim Reynolds, Haley, Trump’s, JD Vance, ” Harris, Bill Clinton, Andy Beshear, we’ll, ” Donald Trump, Michael M, ” Dory MacMillan, Joe Biden, Biden, Harris didn’t, “ He’s, Zeb Smathers, ” Smathers, “ We’ve Organizations: Democratic, Republicans, Republican, North Carolina, Trump, Gov, Getty, White, GOP, Federal Emergency Management, FEMA, Democratic North, Iowa Gov, Blue Dog, Univision, Kentucky Gov, U.S, Capitol, North Carolina Legislature, Democratic Party Locations: North Carolina, Greenville —, Hurricane, Meadowbrook, Augusta, Ga, AFP, Pennsylvania, Trump, Democratic North Carolina, Ohio, Raleigh, Kentucky, —, Valdosta, North Carolina , Georgia, Florida, Tennessee, Georgia, Canton , North Carolina

☆ A string of failures ended with 2 Navy SEALs drowning on a dangerous mission to intercept smuggled weapons, investigation finds
▼ + stars: | 2024-10-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Two US Navy SEALs drowned during a January raid on a vessel smuggling weapons to the Houthis. A new investigation outlines a string of failures that led to that fatal outcome. AdvertisementTwo US Navy SEALs drowned during a raid to intercept smuggled weapons off the coast of Somalia earlier this year. An investigation found that their deaths were preventable and were ultimately caused by a string of failures in the lead-up to the dangerous mission. Their names were redacted in the investigation, but the Navy has already identified them as the two SEALs who died.

Persons: —, Christopher Chambers, Nathan Gage Ingram, Adm, George M, Lewis B, Puller, Chambers, Ingram, Michael Kurilla Organizations: US Navy, Service, US Naval Forces Central Command, Command, US, Navy, Special Warfare, Warfare, Tactical Locations: Somalia, Iran, Yemen, Gulf of Aden

☆ Main spending cuts and tax increases in France's 2025 budget
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: 1 min

France's government presented on Thursday its 2025 budget aimed at plugging a gaping hole in the public finances with 60 billion euros ($65.68 billion) worth of tax hikes and spending cuts. France will cut its foreign aid budget by 1.3 billion euros. Subsidies for apprentices and other jobs will be cut by 2.1 billion euros. Green subsidies, in particular those for insulation and the purchase of electric cars, will be cut by 1.9 billion euros. The planned increase of pensions due to inflation on Jan. 1 will be postponed by six months, saving 3.6 billion euros.

Locations: France

☆ We're hiking our Wells Fargo price target after the stock surged on earnings
▼ + stars: | 2024-10-11 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Wells Fargo reported results before Friday's opening bell. WFC YTD mountain Wells Fargo YTD Shares of Wells Fargo surged 6% on the release to more than $61. Wells Fargo Why we own it : We bought Wells Fargo as a turnaround story under CEO Charlie Scharf. We come away from the call feeling good not only about Wells Fargo's setup for next year. A resurgence in Wall Street dealmaking — both mergers and acquisitions and initial public offerings — will benefit Wells Fargo.

Persons: Wells, Wells Fargo, That's, Charlie Scharf, He's, Scharf, Charles Scharf, we've, Morgan Stanley, NII, Jim Cramer's, Jim Cramer, Jim Organizations: Investors, Wells, Federal Reserve, Bank of America, Citigroup, buybacks, Management, CNBC Locations: LSEG, Wells, Wells Fargo, reinvest, U.S, NII

☆ Ride-sharing giants Uber, Lyft jump after Tesla's 'toothless taxi' fails to excite investors
▼ + stars: | 2024-10-11 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Klaudia Radecka | Nurphoto | Getty ImagesTesla 's hyped robotaxi unveiling posed a threat to Uber 's ride-sharing aspirations, but it has turned into a boon for the stock instead. That is a massive turnaround for Uber's stock, which is now up nearly 22% over the past month and about 38% for the year. "We believe this helps minimize the ongoing overhang on UBER's stock from TSLA's aspirations in the robotaxi space." Although Tesla appears committed to developing its robotaxi fleet without partnering with existing ride-sharing platforms, Colantuoni expects it could ultimately have to look into this option. Tesla "potentially underappreciates the obstacles to scaling a robotaxi fleet" and could struggle to scale its fleet operations without offering access to demand through Uber and Lyft, he said.

Persons: Klaudia, Tesla, Uber, Jefferies, John Colantuoni, TSLA, Colantuoni, Scott Brauer Organizations: Nurphoto, Lyft, Nasdaq, Jefferies, Tesla, Bloomberg, Getty Locations: Krakow, Poland, Seattle , Washington

☆ One year later, California’s system to find missing Black people is working through its challenges
▼ + stars: | 2024-10-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Marquisef_Headshot.Jpg | Marquise Francis | ) www.nbcnews.com time to read: +8 min

But, Banks said, “I just kept putting pressure on them.” With the help of an advocate, Banks asked authorities to issue an Ebony Alert, California’s new notification system to inform the public about missing Black youths. Two hours after issuing the Ebony Alert, officers pinged the teen’s phone, allowing them to geolocate the device. She said she has helped a dozen families, including Banks’, demand an Ebony Alert for their missing children. Similar to an Amber Alert, Ebony Alerts are permitted to be displayed on highway signs and billboards. Because officers determine whether to issue the alert, Lee said the cases of missing Black youth are often not met with the same level of urgency.

Persons: Banks, “, Lelah, ” Banks, La'Tannya Banks, Jasmine Lee, it’s, ” Lee, Ebony, Gavin Newsom, Amber, Sen, Steven Bradford, State Sen, ”, Lee, Jasmine Ellis, Adrienne Hutchinson, Sanai Singh, Hutchinson, Dock Ellis, ” Hutchinson, Singh, —, Jaime Coffee Organizations: NBC, California, Patrol, Dock Ellis Foundation, LAPD, NBC News, California Gov, Democrat, State, Alert, CHP, Ebony Locations: California, Los Angeles, United States, U.S, Massachusetts

☆ The Contests, Clubs and Big Promises of Trump’s Fund-Raising Emails
▼ + stars: | 2024-10-10 | by ( Karen Yourish | Lazaro Gamio | ) www.nytimes.com time to read: +26 min

It has offered adherents myriad “exclusive” opportunities to join clubs to give counsel to Mr. Trump, and it has repeatedly claimed that Mr. Trump is personally reviewing lists of small donors. The New York Times looked at some 7,400 emails sent by the Trump campaign since Mr. Trump entered the presidential race. Ms. Harris, and before her Mr. Biden, have far outpaced Mr. Trump in fund-raising this cycle, including from small-dollar donors. But both in sheer number (about 75 emails per week, on average, throughout this campaign cycle) and in syntax, the former president’s campaign emails stand out. Similar questions have arisen about contests Mr. Trump’s campaign and political action committee have run in years past.

Persons: Donald J, Trump, Trump Tour “, MAGA, Vance, Melania, Blue, ”, Santa, ” MAGA, Red Trump, MAGA ”, Brandon, “ Trump, “, Biden, Joe, Patrick’s, White, Pink, Red MAGA, Black MAGA, Trump “ I’m, Gray, Kamala Harris, Harris, Mr, Biden’s, ’, Trump’s, missive, BIDEN, you’ll, President Trump, Email, William McGuffin, McGuffin, ” Kyle, Beth Hilfer, ” Email, ” “, Trump “, Trump ”, Harris’s, Biden ”, Joe ”, Let’s, Brandon ”, Brian Hughes, YOU Organizations: New York Times, Trump, Trump Tour, Trump Tour “ Trump Force, Bedminster, Florida, Trump International, Republican National Convention, Miami Grand Prix, Houston Meet Trump, Trump Jr, Trump Meet Trump, Trump Force, Trump American, Trump Patriot, Trump Georgia, Trump Campaign, Trump Defense Task Force, Trump Free, Trump Official Trump, President’s, Melania Trump, Board, Trump Life, Trump Gold Club, Trump Diamond Club, Club, Trump VIP, Trump VP, Blue Trump, Trump Trump, MAGA, Trump MAGA, Santa Trump, Red Trump MAGA, White Trump MAGA, MAGA ” Trump, Beijing Biden, TRUMP, TNN, ” Trump, Black, “ Trump, Trump “, Trump “ Trump, Democratic, Mr, Biden, Data & Society, CLUB, WIN, The Times, Times, Formula One’s Miami, Prix, Federal, Patriots, “ Trump Force, American Express, “, TOP, Stockings Locations: Nashville Trip, Lexington, Ky, Beverly Hills, Costa Mesa, Calif, Dallas, Houston, Hallandale Beach, Fla, Trip, Vegas, London, New Orleans, N.J, Trump, Park City, Utah, Red, Delaware, Las Vegas, New York, America

☆ Opinion | I Study Political Violence. I’m Worried About the Election.
▼ + stars: | 2024-10-10 | by ( Robert A. Pape | ) www.nytimes.com time to read: +2 min

In addition to the “unprecedented spike in threats” that Mr. Garland cited, there is other worrisome evidence suggesting the possibility of violence. At the Chicago Project on Security and Threats, a research institute that I run at the University of Chicago, we have been conducting quarterly national surveys of Americans’ attitudes toward political violence since the summer of 2021. In our most recent survey, conducted from Sept. 12 through Sept. 16, we found disturbingly high levels of support for political violence. And in this area, public attitudes can become reality: Historically, the higher the level of support for political violence, the more likely actual political violence is. If you’re wondering what “use of force” means to our respondents, for more than half of them it means serious violence.

Persons: Garland, Donald Trump, ”, Trump Organizations: Chicago Project, Security, University of Chicago, Mr, Trump

Ian Read, chairman and chief executive officer of Pfizer Inc., gestures as he speaks during a panel session at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 17, 2017. Activist Starboard Value accused Pfizer of threatening litigation against the company's former CEO and CFO in order to get them to break ranks with the investor's nascent turnaround campaign at the pharmaceutical giant. Pfizer shares slipped overnight as news of the two executive's breakaway emerged, and opened down roughly 2.5% in Thursday morning trading. Starboard's Smith said that when the activist approached the two executives, both expressed "concerns" about Pfizer's direction under Bourla and offered to help Starboard in its turnaround campaign. Starboard's Smith and Bourla are slated to meet in person next week, Smith said, confirming earlier reports.

Persons: Ian Read, Pfizer, Jeff Smith, Frank D'Amelio's, Smith, Albert Bourla, Starboard's Smith Organizations: Pfizer Inc, Economic, Pfizer Locations: Davos, Switzerland

Like the presidential contest, the Senate race offers deep contrasts in a state that’s been divided neatly in half for years. We want to have a lawfully run election,” Lake said. In 2022, Lake challenged her loss to Hobbs, taking it all the way through the Arizona legal system. “It’s going to be a tight race,” Lake acknowledged. In 2018, Gallego rallied alongside Sen. Bernie Sanders, I-Vt., in Phoenix, saying facetiously: “President Trump is going to build a wall.

Persons: Kari Lake, Ruben Gallego, Sen, Kyrsten, Gallego, Katie Hobbs, Kamala Harris, Joe Biden, ” Gallego, Harris, Biden, “, haven’t, Lake’s —, Donald Trump’s —, John McCain, McCain, ”, Ruben ”, Paul Hickman, —, he’s, Kate Gallego, Trump, Lake, Hobbs, ” Lake, “ It’s, I’ve, Bernie Sanders, It’s, Donald Trump, they’re “ Organizations: PHOENIX, White, Trump, NBC News, Democratic, Arizona Republican, Republicans, Independents, McCain, Phoenix, Congress, Lake, Senate, Republican, Phoenix Fox, AARP, Harris ’, Democrat Party, Congressional Progressive Caucus, “, Phoenix Police Association, Justice Department, Phoenix Police Department, Phoenix police, NBC, Arizona Police Association Locations: PHOENIX — Arizona, Scottsdale, “, Arizona, Congress, Vietnam, American, Colombian, Ukraine, ”, Israel, Taiwan, Maricopa County, Iowa, Gallego, Phoenix

It should put a damper on just how much we should expect the next president to accomplish, especially if the divide is between the House and the White House. There’s a big difference in just how divided government becomes, depending on whether the House and the White House are controlled by the same party or different parties. Two words send chills down the spine of any presidents who find the “other” party in control of the House: subpoena power. Both Trump and Joe Biden saw the second halves of their terms (after they lost control of the House) essentially paralyzed by an oppositional House. First, because California House races will determine overall House control, it could take as much as two or three weeks before we know the makeup of Congress in 2025 for sure.

Persons: It’s, There’s, Donald Trump, Kamala Harris, we’ve, Joe Biden, Harris, Harris ’, Biden, Richard Nixon, Ronald Reagan, George H.W, George H.W . Bush, Bush, Bill Clinton, Barack Obama, Trump, Nixon, it’s, Republicans can’t Organizations: GOP, Senate, White House, White, Democratic, Republican, Trump, nab, House, today’s, Biden, Electoral College, Harris, Democrats, Republicans, Electoral Locations: California, New York, Montana , Ohio, West Virginia, Washington, George H.W .

But Pennsylvania stands apart as the state that top strategists for both Ms. Harris and Mr. Trump have circled as the likeliest to tip the election. There are struggling industrial towns where Mr. Trump needs to maximize his vote, and smaller cities booming with Latino immigrants where Ms. Harris aims to make gains. Mr. Trump won the county in 2016 by 19 percentage points, only four years after Mr. Obama carried it narrowly. One X factor is the regional impact of the assassination attempt on Mr. Trump in Butler County. “You guys don’t know what the hell it is,” Mr. Trump said of the tax break.

Persons: Donald J, Trump, Kamala Harris, Barack Obama’s, Harris, ” Mr, Trump’s, ”, Austin Davis, JD Vance, Sean Hannity, Melania Trump, Harris’s, Doug Emhoff, Jason Isbell, “, Cliff Maloney, Haiyun Jiang, Davis, Josh Shapiro, Shonda Rhimes, Beth Hendrix, Bullishness, Doritos, Nick’s, Maddie McGarvey, Obama, Elon Musk, Abraham Reynolds, Butler, Reynolds, Mr, Michael Swensen, Andrzej Duda, fracking, Kenneth Broadbent, Broadbent, Tim Walz, Erin Schaff, Dan Kanninen, Ama Sarpomaa Organizations: Electoral, White, Pennsylvania, White House, Republican Pa, Mich, Wis ., N.C ., Democrat Republican Pa, Trump, Democratic, Fox News, Hispanic Heritage, Republican, Pennsylvania Chase, Democratic National Convention, The New York Times, Democrat, Pittsburgh Steelers, cheesesteaks, State Legislature, The New York, The New York Times Democrats, Senate, Republicans, Steamfitters, ., Google Locations: Pittsburgh, Philadelphia, United States of Pennsylvania, Pennsylvania, Michigan, Wisconsin, America, White, Ohio, Scranton, Reading, Wilkes, Barre, Illinois, Johnstown, Moon Township, Kittanning, Pa, Bucks County, Luzerne County, Butler County, North East, Butler, Ukraine, Polish, Minnesota, Rochester, Indiana, Indiana County, “, Puerto Rican, Dominican

All four drugs are in a class of wildly popular weight loss drugs known as GLP-1s. In the United Kingdom, authorities last year seized hundreds of counterfeit Ozempic pens — insulin pens that had been relabeled as Ozempic. Counterfeit weight loss drugs have serious health risks, according to the pharmaceutical companies and federal officials. Counterfeiters are already trying to cash in on a weight loss drug that the company hasn't even put on the market yet: retatrutide. But it's also one of the epicenters of the lucrative counterfeit drug trade, according to U.S. authorities who track counterfeit drugs.

Persons: It's, —, Eli Lilly's Mounjaro, they've, Laver, Andy Morling, CNBC Morling, Eli Lilly, Daniel Skovronsky, Eli Lilly's, we'll, Skovronksy, John F, Sal Ingrassia, Ingrassia, Customs isn't, we've, Yoav Keren, GLP, TikTok, Keren, BrandShield, it's, Nicole Johnson, CNBC Johnson, Johnson, Mike Doustdar, Doustdar, Direnc Bada Organizations: CNBC, U.S, Laver Beauty, DHL, Novo Nordisk, Laver, Medicines, Healthcare Products Regulatory Agency, Lilly Research Labs, Kennedy International, JFK International Mail Facility, U.S . Customs, Border Protection, JFK, CBP, Protection, CNBC CNBC, FDA, Customs, Meta, Facebook, World Health Organization, U.S ., Intellectual, Coordination Center, National, Turkish National Police, Novo Nordisk's, CNBC Counterfeiters, CNBC FDA Locations: BOULDER, COLO, Boulder, Ozempic, Shijiazhuang, China, Beijing, Englewood Cliffs , New Jersey, United Kingdom, London, New York City, U.S, Turkey, Europe, South America, United States, India, Mexico, Istanbul, Zurich

☆ Disneyland hikes ticket prices for its highest-demand days
▼ + stars: | 2024-10-09 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Still, the company has sought to offer discounted tickets and hotel stays for those who opt to visit Disneyland during off-peak periods. Much like the airline, hotel and even concert entertainment industries, Disney's theme parks operate on a demand-based pricing model. But to handle demand, Disney has a tiered ticket system. Tier 0 is the lowest demand, the $104 base ticket price, while Tier 6 is the highest demand and will see an increase of $12 to $206 per ticket. Disney's online ticketing website for those theme parks — Animal Kingdom, Magic Kingdom, Hollywood Studios and Epcot — already reflects pricing increases for 2025, which were reported back in February.

Persons: Price, Jessica Good, Disney Organizations: Walt Disney Company, Disney, Disneyland Resort, Lightning, Walt Disney World, Hollywood Studios, Epcot Locations: California, Orlando , Florida, Magic Kingdom

☆ OpenAI announces content deal with Hearst, including content from Cosmopolitan, Esquire and the San Francisco Chronicle
▼ + stars: | 2024-10-08 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

OpenAI announced a partnership with Hearst, the media conglomerate behind outlets like the Houston Chronicle, the San Francisco Chronicle, Esquire, Cosmopolitan, Elle and others. "Our partnership with OpenAI will help us evolve the future of magazine content," Hearst Magazines President Debi Chirichella said in a statement. The deal is the latest in a recent trend of media outlets entering into content partnerships with AI startups. OpenAI announced a similar partnership in August with Condé Nast, which owns media brands such as Vogue, The New Yorker, GQ, Vanity Fair and Wired. Reddit also announced a deal with OpenAI in May to allow the ChatGPT maker to train its AI models on the social media company's content.

Persons: Sam Altman, OpenAI, Elle, Debi Chirichella, Condé Nast, Der Spiegel, WordPress.com, Reddit Organizations: Economic, Hearst, Houston Chronicle, San Francisco Chronicle, Cosmopolitan, OpenAI, Vogue, Yorker, GQ, Wired, Media, The Texas Tribune, Time, News Corp, Wall Street, Barron's, New York Post, Center, Investigative, Microsoft, New York Times, Chicago Tribune, New York Daily News, The New York Times, Southern, of, Apple Locations: Davos, Switzerland, U.S, of New York

☆ Analysis: John Roberts remains confounded by Donald Trump as election approaches
▼ + stars: | 2024-10-08 | by ( Joan Biskupic | ) edition.cnn.com time to read: +12 min

The former star appellate lawyer who allies once cast as the smartest person in the room remains confounded by the realities of Donald Trump. Roberts was shaken by the adverse public reaction to his decision affording Trump substantial immunity from criminal prosecution. The Roberts Court has been in sync with the GOP political agenda largely because of decisions the chief justice has authored: For Trump and other Republicans. But the politically charged valence deepened in the justices’ resolution of the case against former President Trump on election-interference charges from 2020. Harvard Law School professor Richard Lazarus, a longtime friend of Roberts, spent time with him in July immediately after the Trump decision was issued.

Persons: John Roberts, Donald Trump, Roberts, Trump, Roberts hewed, Roberts ’, Holder, Kamala Harris, Pew, Obama, John Marshall, Roger Taney, ” Roberts, Scott, Gore, Joe Biden, Harris, George W, Bush, Al Gore, Reagan, George H.W, William Rehnquist, ”, ” “, ” Trump, ’, Jack Smith, Sonia Sotomayor, excoriated, Sean Wilentz, Dred Scott, Erin Murphy, “, ” Roman Martinez, Pence, ” Smith, Tanya Chutkan, Chutkan, Smith, Richard Lazarus, Lazarus, ” Lazarus Organizations: CNN, Trump, White House, Democratic, Pew Research Center, Republicans, Texas Gov, Capitol, Princeton, New York, . United, Georgetown University Law Center, House . Harvard Law, New, New England Law Boston, The Washington Locations: County, . United States, Galway, Ireland, New England

☆ Some stocks could see further downside as investors sell to save on taxes, Morgan Stanley found
▼ + stars: | 2024-10-08 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Some of the biggest losing stocks in 2024 could be in for even steeper declines as investors jettison them to save on taxes, according to Morgan Stanley. Such moves, known as tax loss harvesting, helps investors trim their tax bills the next year. Boeing pressure Beleaguered aerospace company Boeing was also called out by Morgan Stanley as likely to see pressure tied to tax loss selling. Morgan Stanley also called out oil service giant Halliburton . Other names on Morgan Stanley's list include Chord Energy , Simply Good Foods and timeshare operator Hilton Grand Vacations .

Persons: Morgan Stanley, Michelle Weaver, Morgan, Jackson Ader, Ronald Epstein, who's, Epstein, Keith Mackey Organizations: Nasdaq, Wall, Computer, Adobe, Boeing, Alaska Airlines, Bank of America, Aerospace, Defense, Halliburton, RBC Capital, HAL, Energy, Hilton Locations: Alaska, Seattle

Since August, we’ve been talking weekly with a group of young voters who are torn among Donald Trump, Kamala Harris and a write-in choice, to track their changing opinions. These undecided voters are really, really troubled by Trump’s refusal to admit he lost the 2020 election (and Vance’s refusal to say that in the debate). But Tim Walz’s question to Vance at the debate — did Trump lose the 2020 election? But I don’t know if I trust Trump to be a normal person for the next three months,” said Lillian, a 27-year-old Virginian who voted for Trump in 2020 but is now undecided. These voters suggest that Trump should be more worried than Harris right now.

Persons: we’ve, Donald Trump, Kamala Harris, Joe Biden, Biden, JD Vance —, Trump, Tim Walz’s, Vance, Kamala, ”, Lillian, Harris, Nikki Haley, —, “, Jan Organizations: Trump, Republican Locations: America, Pennsylvania

☆ States sue TikTok over app's effect on kids' mental health
▼ + stars: | 2024-10-08 | by ( Dan Mangan | ) www.cnbc.com time to read: +5 min

Schwalb's suit alleges a slew of "profound" mental health risks are posed to teens and children by compulsive TikTok use, including depression, anxiety, sleep loss and body dysmorphia. "TikTok knows that its design features make its App more addictive and keep users engaged for longer," the suit in D.C. Superior Court alleges. The complaint also says that in 2019, the company introduced "two new dangerous features": a live-streaming feature called TikTok LIVE and a virtual currency system called TikTok "Coins." TikTok incentivizes users to go LIVE by promising these monetary rewards 'the more popular [their] content becomes.'" The suit says that TikTok "earns substantial revenue" from its Coins, charging commissions of up to 50% on each transaction.

Persons: ByteDance, Brian Schwalb, Schwalb, TikTok Organizations: U.S . House, District of Columbia, CNBC, Washington , D.C, NHL's Washington Capitals hockey, Schwalb, AGs, Senate Locations: TikTok, Culver City , California, New York, California, U.S, D.C, Los Angeles, Washington ,, United States, China, Beijing

☆ Peru has attracted a slew of foreign investors into its credit market. Here's why
▼ + stars: | 2024-10-08 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +5 min

Foreign investors now hold 39% of Peru's sovereign bond market holdings, the highest level across all emerging market countries. This underscores the increasingly positive sentiment surrounding the Peru's fixed income outlook. "It has recognized the need to provide international investors positive returns on domestic assets, and for central banks to be aligned with international investors and provide positive returns on domestic assets." "In some sense, the lack of a strong executive has led to better fixed income outcomes," Austerweil added. Dhawan also underscored that Peruvian fixed income is a high quality market for foreign investors.

Persons: Moody's, Dina Boluarte's, Pramol Dhawan, Pimco, Dhawan, David Austerweil, Soberano, Austerweil Organizations: Southern Copper Corp, Lawmakers, Peruvian, International Monetary Fund, Central Reserve Bank of, Bank of America, Mining Locations: Peru, Sol, Central Reserve Bank of Peru, America, U.S, Peruvian, China

☆ See the Ocean Heat Fueling Hurricane Milton, in One Chart
▼ + stars: | 2024-10-07 | by ( Raymond Zhong | Mira Rojanasakul | ) www.nytimes.com time to read: +3 min

Source: Brian McNoldy; University of Miami Upper Ocean Dynamics LabSee the Ocean Heat Fueling Hurricane Milton, in One ChartThe energy that supercharged Hurricane Milton into a Category 5 storm on Monday came from the waters of the Atlantic Ocean, which have been abnormally warm not just at the surface, but at depth, too. The seas absorb most of the extra heat that carbon dioxide and other greenhouse gasses trap near Earth’s surface. So the same human-caused forces that have been bringing abnormal heat to towns, cities and landscapes are helping to warm the oceans. Ocean heat content is a metric that captures the amount of thermal energy stored from the sea surface down through the ocean depths. “It’s felt like an entire hurricane season has taken place over the past few weeks,” Dr. Wood said.

Persons: Jan, Brian McNoldy, Milton, Helene, Kim Wood, “ It’s, ”, Wood Organizations: University of Miami Upper Ocean Dynamics, Hurricane Milton, National Centers for Environmental, University of Arizona Locations: Gulf of Mexico, Gulf, Mexico, Milton, Asheville, N.C

“There’s no endgame — it’s starting to feel like a forever war,” said Frank Lowenstein, special envoy for Israeli-Palestinian negotiations under President Barack Obama. Storm-battered Florida declares another emergency as Hurricane Milton approachesTropical Storm Milton rapidly intensified into a Category 1 hurricane Sunday with its path aimed at Florida, less than two weeks after Hurricane Helene made landfall in the state. Ron DeSantis said in a briefing that Milton is expected to make landfall in Hillsborough or Pinellas county Wednesday evening. Since 1850, only two storms that originated in the Gulf’s Bay of Campeche have struck Florida. Politics in briefPresidential promotions: With just weeks before the election, Trump has taken to promoting items and businesses that aren’t connected to his campaign, from a new cryptocurrency platform to NFT trading cards.

Persons: Israel’s, “, ”, Frank Lowenstein, Barack Obama, it’s, Yoram Schweitzer, Tropical Storm Milton, Helene, Ron DeSantis, Milton, Trump, Donald Trump, Corey Comperatore, Elon Musk, MAGA, Adam Schiff, Joe Biden’s, ” Schiff, Kristen Welker, Harris, Notre, Amy Coney Barrett, Melania Trump, Lejeune Leo Case, Jessie Hoerman Leo Case, Lejeune, ‘, Justine Goode, Instagram, Sam Darnold, Kirby Lee Organizations: Milton, Tropical Storm, Gov, Trump, Service, NBC News, Press, Capitol, Notre Dame, Catholic, Supreme, Sunday, Fox News, Lejeune, Pacific, Marine Corps, NBC, Football, Minnesota Vikings, New York Jets, Tottenham Hotspur Locations: Israel, Gaza, Lebanon, Iran, Florida, Tropical, Hillsborough, Pinellas, Gulf’s, Campeche, Gulf of Mexico, Butler , Pennsylvania, “, Iwo Jima, North Carolina

“This is the legacy of Donald Trump, which is we now cannot go into an election with full confidence that the results will be peaceful,” the congressman, who is running for Senate this year, told Welker. NBC News has reached out to the Trump campaign for comment. He added that he expects Harris to win the election but that “it is still scary close” and that larger-than-expected margins could stem the threat of violence related to the election result. “The reason why the margin is so important is because [Republicans] will challenge the results when they lose. Running up that margin as much as possible and turning people out has to be our priority,” Schiff said.

Persons: Adam Schiff, Joe Biden’s, Donald Trump, ” Schiff, Kristen Welker, ”, Biden, breathtakingly, Schiff, Welker, Trump, Harris Organizations: NBC, Press, White House, Capitol, Senate, NBC News

☆ Hollywood's franchise frenzy: More than half of top studios' 2025 movies are existing IP
▼ + stars: | 2024-10-06 | by ( Sarah Whitten | ) www.cnbc.com time to read: +6 min

The 2024 box office has been inundated with sequels, prequels and remakes, with the top 10 titles of the year all coming from existing intellectual property. Looking at the current 2025 calendar, between 50% and 70% of the movies from the six major studios — Universal , Disney , Warner Bros. , Paramount , Sony and Lionsgate — will be related to existing IP. Craig T Fruchtman | Getty Images Entertainment | Getty ImagesEven before Hollywood was disrupted by the pandemic and the meteoric rise of streaming content, the domestic box office was heavily reliant on franchise titles. While that's a 11.3% drop from last year and lags 25% behind pre-pandemic levels, the haul is better than box office analysts had expected. "Some of the most well-received box office hits in recent memory have been sequels or films based on existing brands and there is still a variety of original content out there."

Persons: There's, Paul Dergarabedian, Guy, Bob Marley, Craig T Fruchtman, Kung, Dergarabedian, Kraven, Hunter, King, Shawn Robbins, Bridget Jones, MEGAN, Downton, Michael, John Wick Organizations: Marvel, Disney, — Universal, Warner Bros, Paramount, Sony, Lionsgate, Comscore, Getty, Hollywood, Universal, Century Fox, Warner Locations: Shanghai, China, Kingdom, New York City, Peru

☆ At least 24 killed in Israeli air strike on Gaza mosque and school
▼ + stars: | 2024-10-06 | by ( ) www.cnbc.com time to read: +1 min

Destroyed buildings lie in ruin in central Gaza, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, near the Israel-Gaza border, as seen from Israel, on Jan. 13, 2024. At least 24 people were killed and 93 others wounded when Israeli airstrikes targeted a mosque and a school sheltering displaced people in the Gaza Strip early on Sunday morning, the Hamas-run Gaza government media office said. The strikes on the mosque and the school, near the Al-Aqsa Hospital in Deir al-Balah in the central Gaza Strip, came as the war between Israel and Palestinian militant group Hamas in the enclave approaches its first anniversary. Israel's subsequent military assault on Gaza has killed nearly 42,000 Palestinians, according to Gaza's health ministry. It has also displaced nearly all of the enclave's 2.3 million people, caused a hunger crisis and led to genocide allegations at the World Court that Israel denies.

Persons: Deir al Balah, Israel's, Israel Organizations: Hamas, Aqsa, Ibn, Court Locations: Gaza, Israel, Palestinian, Al, Deir al, Ibn Rushd, Aqsa, Deir

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