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☆ A Black conservative radio host invoked 'field' and 'house' slaves in arguing why some Black men back Trump
▼ + stars: | 2024-10-17 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Unknown.Jpeg | Curtis Bunn | ) www.nbcnews.com time to read: +5 min

Black conservative radio host Shelley Wynter drew outrage from many when he broke down the Black male electorate in the U.S. into “house African Americans and field African Americans” during an appearance Wednesday on CNN. “This race is between house African Americans and field African Americans, and field African Americans are voting for [Donald] Trump.”During enslavement in the U.S., “house slaves” worked in the main house and generally performed indoor tasks. At the same time, Wynter’s comments highlighted the intensity surrounding the Black male vote and how influential it may be in November. “It just does a disservice to all of us, both as voters and as Black Americans. “There’s nothing that compares to enslavement in the United States or for Black Americans,” he said.

Persons: Shelley Wynter, Wynter, Sarah Sidner, Malcolm X, ”, Donald, Trump, “, Sidner, Michael Blake, Barack Obama, Shelley Wynter Show, Lesley Mac, Mac, Rashawn Ray, ” Dr, ” Wynter, ” Malcolm X, Malcolm, they’re, —, ” Mac, Donald Trump, ” Ray, Wynters Organizations: CNN, NBC, “ CNN, Central, Democratic, Republican, Brookings Institute, Black, Brookings, Jets, Giants, Democrat, Trump, “ Locations: U.S, Atlanta, Brooklyn, America, United States, Black

Phoenix on Tuesday snapped a streak of 21 straight days of record-breaking highs. Heat waves are expected to start earlier in the year and last later as a result of climate change, but Phoenix's streak still surprised scientists. The heat is finally expected to break heading into the weekend, as a cold front brings cooler conditions. The city on Tuesday finally snapped a streak of 21 straight days of record-breaking daily high temperatures. This summer was already the hottest on record in Phoenix, and 2024 is likely to end up as the warmest year in the city's recorded history.

Persons: ”, Jennifer Brady, Phoenix Organizations: Phoenix, Climate Central, National Weather Service Locations: Arizona , Nevada, New Mexico, Phoenix, New Jersey

Trump was shot in the ear, one rallygoer was killed and two others were wounded before a Secret Service countersniper shot and killed the 20-year-old gunman. “We’ll continue to work with the department to look at those recommendations that are actionable and feasible to make changes in the Secret Service,” he said. He told NBC News that applications to join the Secret Service were up, with 400 people currently in various stages of training. Earlier this week, the two men who were wounded by the gunfire at the July rally told NBC News that the Secret Service failed them that day. A Secret Service agent spotted him and opened fire before Routh, 58, had Trump in his sights.

Persons: Donald Trump, Ronald Rowe Jr, Lester Holt, ” Rowe, ”, Trump, rallygoer, Rowe, “ We’ll, Kimberly Cheatle, skewered, Joe Raedle, David Dutch, “, Ryan Wesley Routh, Routh, ” “ Organizations: Secret Service, NBC News, Secret, NBC, Service, Officials, Trump Locations: Butler , Pennsylvania, West Palm Beach, Fla, West Palm Beach , Florida

☆ Asian American evangelicals’ theology is conservative. But that doesn’t mean they vote that way.
▼ + stars: | 2024-10-17 | by ( The Associated Press | ) www.nbcnews.com time to read: +9 min

Asian American evangelicals are a diverse, evolving group of voters increasingly seeking to distinguish themselves from their white counterparts. According to a 2023 Pew Research Center survey, about a third of Asian American adults identify as Christian. “The Asian American Christian’s identity is the convergence of cultural experience, historical background and core theological transformation,” Kim said. “I do hope and pray Asian American Christians take their civic responsibility seriously,” he said. The origins of Asian American churches influenced their evolution, said Jerry Park, associate professor of sociology at Baylor University in Waco, Texas.

Persons: Wayne Lee, Donald Trump, “ We’re, ”, Pastor Wayne Lee, Matt Slocum, Lee, ’, Jane Hong, Walter Kim, ” Kim, Owen Lee, “, ” Lee, that’s, ” Pastor Owen Lee, John McDonnell, don’t, Raymond Chang, ” James Cho, Cho, Joe Biden, Harris, GOP Cho, Jerry Park Organizations: American, Christian Church and Center, Pastors, Republican Party, Pew Research Center, Occidental College, “, National Association of Evangelicals, Christ Central Presbyterian Church, Korean American, AP, American Christian, GOP, Trump, Baylor University Locations: Chinatown, Pennsylvania, Philadelphia, Los Angeles, Centreville , Virginia, Centreville , Va, America, Orange County , California, Springfield , Ohio, U.S, Waco , Texas

The latest benefit from the artificial intelligence revolution: saving American taxpayers billions of dollars. The U.S. Treasury Department said its increased use of artificial intelligence in fraud detection helped prevent or recover more than $4 billion over the past year. "Helping ensure that agencies pay the right person, in the right amount, at the right time is central to our efforts." A Treasury official declined to provide specific examples of how AI had been deployed, given the nature of the activities targeted. The Department said it plans to lend resources and lessons-learned from its AI efforts to other federal agencies.

Persons: Wally Adeyemo Organizations: U.S . Treasury Department, Treasury, The, Juniper Research, Internal Revenue Service, IRS Locations: U.S

☆ Epic Universe: Universal Orlando announces opening date for the theme park
▼ + stars: | 2024-10-17 | by ( Natasha Chen | ) edition.cnn.com time to read: +5 min

CNN —Universal Orlando Resort announced Thursday morning that its highly anticipated new theme park, Epic Universe, will open on May 22, 2025, just before Memorial Day weekend. “I anticipate that this new Epic Universe theme park will easily crack 6 million plus visitors during its first 12 months of operation,” Speigel told CNN in an email. “Universal Studios theme parks have been on a huge roll since Harry Potter was introduced in 2010.”Speigel said this park will ratchet up the Orlando theme park market, where Universal and Disney are the biggest players. Speigel – along with many theme park fans – wonders how Disney will respond to its competitor’s moves and whether it will also open a new theme park in the coming years. It will be located in the new theme park, with Universal’s first dedicated theme park entrance for hotel guests.

Persons: Harry Potter, we’re, ”, Karen Irwin, Dennis Speigel, Speigel, “, ” Speigel, Potter, Universal’s, –, Voldemort, Ron, Hermione, Donkey Kong Organizations: CNN — Universal Orlando Resort, Ministry of Magic, Nintendo, Universal Orlando, Park, CNN, “ Universal Studios, Universal, Disney, Ministry, Universal Parks, Universal Orlando Resort, Loews, Super Nintendo, Universal Parks USA, Paris, British Ministry, Floo, Universal Islands of, Universal Studios, Universal Studios Hollywood, Universal Studios Japan Locations: Orlando, Berk, Central Florida, Universal Islands, Los Angeles

An independent, bipartisan review identified “numerous mistakes” by the U.S. Secret Service and “specific failures and breakdowns” that enabled the assassination attempt that injured former President Donald Trump in Butler, Pennsylvania, in July. “The Secret Service as an agency requires fundamental reform to carry out its mission," the members added. "Without that reform, the Independent Review Panel believes another Butler can and will happen again.”The Secret Service did not immediately respond to a request for comment on the review. “The increasing demand placed on the agency during this dynamic threat environment has resulted in our people being pushed to the limit,” said Anthony Guglielmi, chief of communications for the Secret Service. The group said it identified “deep flaws in the Secret Service, including some that appear to be systemic or cultural,” including a “lack of critical thinking among Secret Service personnel” and agents’ unwillingness to “speak up” regarding potential threats.

Persons: Donald Trump, ”, Alejandro Mayorkas, Butler, “, Anthony Guglielmi, Trump, Thomas Matthew Crooks, Crooks Organizations: U.S, Secret, Homeland, Service, NBC News, Trump, Trump Campaign, Trump’s Locations: Butler , Pennsylvania, Butler, Iran, Pennsylvania

CAMP HILL, Pa. — Democrats have long tried to oust Rep. Scott Perry, the former head of the far-right Freedom Caucus and a staunch Donald Trump ally, in this Pennsylvania swing district. We need to be educated, we need to be safe, we need to be healthy,” she continued. And, you know, she just rattles it off,” Perry said, referring to the House Democrats’ campaign operation. On immigration, Stelson sounds much like Perry and Trump, calling for more border funding and deporting those who are in the country illegally. That takes more judges, more attorneys, and I think that people who are here illegally need to be sent home, as well."

Persons: Scott Perry, Donald Trump, Janelle Stelson, Perry, MAGA, —, It’s, Trump, Joe Biden, Shamaine Daniels, Josh Shapiro, Scott Wong, “ It’s, ” Perry, She’s, “ She’s, Stelson, Andrea Mitchell, staving, Court’s Dobbs, Roe, Wade, Dobbs, ” Stelson, “, doesn’t, hasn’t, Abigail Spanberger, Del, Eleanor Holmes Norton, Mike Pence, Jeffrey Clark, Mike Johnson, Johnson, ” Organizations: Democrats, Caucus, Capitol, Republican, Cornerstone, State Capitol, Democratic, National Democrats, Harrisburg City, GOP, NBC, House Democrats, MSNBC, ABC, WGAL, Hamas, Washington, Capitol Police, White, FBI, Intelligence Locations: HILL, Pa, Pennsylvania, Harrisburg, Pennsylvania’s 10th, Camp Hill, Washington, Iraq, Lancaster, “, District, Dauphin, Cumberland

Facing increasing U.S. pressure to ramp up aid into Gaza and warning that Washington would be “watching,” as Israeli Prime Minister Benjamin Netanyahu held an emergency meeting to discuss the matter on Wednesday. Ambassador to the United Nations issued a stern rebuke to Israel at a meeting of the U.N. Security Council. Palestinian children at a camp for the internally displaced in Deir al-Balah, central Gaza on Oct. 17, 2024. “Given the abject conditions and intolerable suffering in north Gaza, the fact that humanitarian access is nearly non-existent is unconscionable,” Msuya said. According to a version published by Axios on Tuesday, the letter suggested that the U.S. would restrict weapons sales if the Israeli government did not allow more humanitarian aid into Gaza.

Persons: Benjamin Netanyahu, Linda Thomas, Greenfield, “, ”, Eyad Baba, Joyce Msuya, ” Msuya, State Anthony Blinken, Lloyd Austin, Yoav Gallant, Ron Dermer, Axios Organizations: NBC, United Nations, . Security, Washington, Getty, U.S, State, Israeli, Strategic Affairs, NBC News, Pentagon Locations: Gaza, Washington, U.S, Israel, ”, Deir al, AFP

In an interview with NBC News, Shaban's 17-year-old brother, Mohammed al-Dalu, described the Israeli attack that killed his mother and brother, saying he saw something fall on Shaban's leg, pinning him down. He tried to run into the tent to save his brother, but several men held him back. "No one let me see my brother Shaban," he said. His mother, Mohammed said, "she remained asleep. The site of the Israeli airstrike on the Al-Aqsa Martyrs Hospital compound in Deir al-Balah, central Gaza, on Monday.

Persons: Alaa, Mohammed al, Shaban, Mohammed, GoFundMe, Ahmed al, he'd, Israel, Abdallah F.S, ”, Matthew Miller, “, ” Miller, Médecins Organizations: Aqsa Martyrs Hospital, NBC News, Al, “, Getty, International Court of Justice, United Nations, U.S, Department, Israel Defense Forces, IDF, NBC, AFP Locations: Al, Aqsa, Deir al, Al Jazeera, Israel, Gaza, Anadolu, Egypt

☆ Myanmar’s internet freedom is now as bad as China’s, report finds
▼ + stars: | 2024-10-17 | by ( Helen Regan | ) edition.cnn.com time to read: +4 min

CNN —For the past decade, China has consistently ranked last in the world for internet freedom due to its all-pervading online surveillance and content control system dubbed the “Great Firewall.”But a new report out Wednesday shows that internet freedoms in China’s neighbor Myanmar are now just as lacking. The report from Freedom House, a US government-funded NGO, found that global internet freedom has declined for the 14th consecutive year. In a record 43 countries, people were physically attacked or killed in retaliation for their online activities, the report found. The Central Asian nation Kyrgyzstan showed the biggest drop in internet freedoms, according to the report, as President Sadyr Japarov ramped up efforts to silence digital media and suppress online organizing. The report also covers online disinformation campaigns and political interference in the run-up to elections, including harassment of independent researchers and fact checkers.

Persons: ”, Mao Ning, Sadyr Japarov, Kloop, “ Organizations: CNN, Freedom, Trust, United Nations, UN, China’s Ministry of Foreign Affairs, ”, Central, US Locations: China, China’s, Myanmar, Central Asian, Kyrgyzstan, Iceland, United States, ’

☆ BofA Securities discusses the Thai central bank's unexpected interest rate cut
▼ + stars: | 2024-10-17 | 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 EmailBofA Securities discusses the Thai central bank's unexpected interest rate cutKai Wei Ang, Asia and ASEAN economist at BofA Securities, says the Bank of Thailand 'might stay on pause' with regard to interest rates in the coming months.

Persons: Kai Wei Ang Organizations: BofA Securities, Bank of Locations: Asia, ASEAN, Bank of Thailand

☆ IMF chief warns 'not yet time to celebrate' as low growth and high debt weigh on global economy
▼ + stars: | 2024-10-17 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

The head of the International Monetary Fund cautioned on Thursday that high debt and low growth remained major impediments to the global economy. "When we look into the challenges ahead of us, the biggest one is low growth, high debt. "It is successful major economies that have done really well … and there are pockets in the world where inflation is still a problem," she said. Georgieva warned that international trade would no longer be the "engine of growth" it once was, highlighting the proliferation of restrictive policies among many economies. Earlier on Thursday, Georgieva also pointed to wider geopolitical tensions as one of the key risks to global financial stability.

Persons: Kristalina Georgieva, Karen Tso, Georgieva, Ukraine — Organizations: International Monetary Fund, IMF, CNBC, Washington DC, World Bank Group, European Union, Ukraine Locations: Washington, U.S, China, United States

☆ US says B-2 stealth bombers struck hidden Houthi weapons, sending a message to foes that nothing is out of reach
▼ + stars: | 2024-10-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +3 min

The strikes targeted Houthi weapons storage facilities, according to the Pentagon. US B-2 bombers were part of the operation, marking their first known involvement in the Houthi conflict. AdvertisementThe US military hit Houthi targets in Yemen with multiple "precision strikes," the Pentagon announced late Wednesday evening. The strikes on Wednesday — early Thursday local time — mark the latest US bombardment of Houthi targets in Yemen. American forces targeted the rebels earlier this month.

Persons: —, Defense Lloyd Austin, Austin Organizations: Pentagon, Service, Defense, Navy, US Air Force, of Defense, US Central Command, US Locations: Yemen, Iran, United States, Gulf of Aden, Israel

☆ Cramer approves opening a small position in Nike, but it's 'a risky call'
▼ + stars: | 2024-10-17 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday gave investors his stamp of approval to buy some shares of Nike , but he warned that such an investment is tricky. "You've got my blessing to put on a small position — only small — because if Nike really can turn itself around, the stock will take off long before the financials do," he said. "You need to get ahead of that, but it's a risky call, so I suggest building your position gradually over time." Nike is also somewhat hostage to the consumer environment in the U.S. and abroad Cramer said. And while he admitted he'd like more definitive proof of a Nike turnaround, Cramer noted that by the time that happens, it may be too late to get in to the stock.

Persons: CNBC's Jim Cramer, You've, Elliott Hill, John Donahoe, Cramer, Donahue Organizations: Nike Locations: U.S

☆ Don't get blinded by the Fed rate cut trade and the signs of life in small cap stocks
▼ + stars: | 2024-10-17 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

With the Federal Reserve now cutting interest rates, investors are looking for stocks that can be super-charged by lower borrowing costs. Small and medium-sized companies tend to be the most closely affected by the direction of the economy and rates. Outflows were seen solely in large caps; small and mid-caps saw inflows." If money does keep flowing into small caps, will it come at the expense of large caps? .SPX mountain 2022-10-01 S & P 500 since Oct. 1, 2022 That said, if the move into the smaller caps stocks continues, we may start to see more competition for capital.

Persons: Russell, that's, it's, Stanley Black, Decker, Jim Cramer, Jensen Huang, Morgan Stanley's, We're, Canaccord Genuity, pare, Jim Cramer's, Jim, Michael Nagle Organizations: Federal Reserve, BMO Capital Markets, Bank of America, Nvidia, CNBC, Blackwell, Taiwan Semiconductor Manufacturing Company, Devices, Broadcom, Apple Intelligence, Apple, Microsoft, Presidential, Jim Cramer's Charitable, New York Stock Exchange, Bloomberg, Getty Locations: U.S

☆ How Florence Welch Turned Rage Into Power
▼ + stars: | 2024-10-17 | by ( Lauren Groff | The New York Times | ) www.nytimes.com time to read: +37 min

The musician Florence Welch, photographed in London on July 5, 2024. When I rang the Camberwell, South London, doorbell of Florence Welch, I held a tribute: “The Penguin Book of Spiritual Verse” (2022), edited by Kaveh Akbar. Exacerbating the mixed craving for and fear of having a baby and what it would mean for her art, Welch feels the intense pressure of aging as a female performer. In the latter part of the song, Welch raises her voice in a long howl of rage. Art begins in the body; art is limited by the limitations of the body; at some point, art exceeds the body and can live beyond the scope of flesh.

Persons: Florence Welch, Valentino, Luis Alberto Rodriguez, Vanessa Reid FLORENCE, Florence Welch’s, Inanna, Enheduanna, Jane Hirshfield PROPHETESS, “, Kaveh Akbar, I’ve, Welch, they’re, enormity, Madame Blavatsky, ”, Fleetwood, Taylor Swift, William Morris, Evelyn Welch’s, Vanessa Reid, Welch wouldn’t, who’ve, Nick Cave, Patti Smith, Stevie Nicks, Tom Waits, Jeff Buckley, Sam Cooke, Otis Redding, ” Welch, Ganavya Doraiswamy, who’s, Welch’s —, Doraiswamy, Uyir, Federico García Lorca’s, it’s, Shakespeare, Mozart, Toni Morrison, Lorca, It’s, Jack Antonoff, she’s, Chanel, Nick Welch, Sebastians, she’d, dryly, Bugsy Malone ”, Grace, squats . Welch, Isabella Summers, hasn’t, didn’t, Fiona Apple, Kate Bush, Regina Spektor, Annie Lennox, Joanna Newsom, Sinead O’Connor, thrall, ’ She’s, Gustav Klimt, who’d, Jimi Hendrix, Janis Joplin, Jim Morrison, Kurt Cobain, She’d, Dave Grohl, Scott Fitzgerald’s, Thomas Bartlett, Nico Muhly, Yoko Ono, Sufjan Stevens, Nick Carraway’s, Jay Gatsby, —, hadn’t, spiraled, Louis Vuitton, John, John Singer Sargent, Sargent, Miss Elsie Palmer ”, I’d, “ I’ve, Britney Spears, Dolly Parton, ” I’d, de Wilde, ” de Wilde, Julia Margaret Cameron, Leonora Carrington, Remedios Varo, Loie Fuller, Ellen Terry, Lady MacBeth ”, ’ ” Welch, they’d, King ”, King, Elvis Presley, revel, Ovid, Apollo, preternaturally, Anthony Turner, Thom Walker, Afra Zamara, Jack Symes, Sam Hearn, Daiki Tajima, Federico Covarelli, Emily Rose Lansley, John Allan, Samanta Falcone, Ollie Kariel, Pip Long, Karen Avenell, Andreea Georgiana Rădoi, Sam Wright Organizations: Machine, YouTube, Enheduanna, University of Bristol, Smiths, Big, Camberwell College of Arts, Foo Fighters, American, Theater, Antonoff, Tate, John Singer, Jolly, Art, Digital Locations: London, FLORENCE, Camberwell, South London, Florence, Florida, ”, Camberwell —, British, Tamil, Spanish, Strasbourg, dyscalculia, Toronto, squats ., Cambridge, New York City, Tate Britain, American, “

☆ Treasury yields rise as investors await key data
▼ + stars: | 2024-10-17 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +1 min

ET, the 10-year Treasury yield was up by more than two basis points to 4.0415%. The 2-year Treasury yield was over one basis point higher to 3.9529%. U.S. Treasury yields were higher Thursday as investors weighed comments from Federal Reserve officials made throughout the week and awaited key economic data. Investors on Thursday looked to fresh key economic data which comes after the latest remarks from Fed officials about the potential path ahead for interest rates. The data comes after several Fed officials earlier this week hinted at further rate cuts to come.

Persons: Dow Jones, —, Jeff Cox, Sophie Kiderlin Organizations: U.S, Treasury, Federal Reserve, European Central Bank Locations: U.S

☆ Dollar hovers near 11-week high, eyes on China property briefing
▼ + stars: | 2024-10-17 | by ( ) www.cnbc.com time to read: +3 min

Ahead of the press conference, the offshore yuan was last 0.04% higher at 7.1328 per dollar. The Australian dollar , often used as a liquid proxy for the Chinese yuan, fell 0.02% to $0.6665, languishing near a one-month low hit in the previous session. "Keeping a very close eye on China, waiting for yet another press conference which is probably going to be long in rhetoric and short in detail," said Rodrigo Catril, a senior currency strategist at National Australia Bank. In the broader market, the dollar was on the front foot, after having scaled an 11-week top against a basket of peers in the previous session. The dollar index was last steady at 103.51, having peaked at 103.60 in the previous session.

Persons: Rodrigo Catril, Sterling, Donald Trump, Thierry Wizman Organizations: Reserve, National Australia Bank, European Central Bank, Republican, FX, Macquarie, New Zealand, Reserve Bank of New Locations: U.S, Asia, China

The musician Florence Welch, photographed in London on July 5, 2024. When I rang the Camberwell, South London, doorbell of Florence Welch, I held a tribute: “The Penguin Book of Spiritual Verse” (2022), edited by Kaveh Akbar. Chanel coat, price on request, (800) 550-0005; Valentino tights (worn underneath), $1,000; and Welch’s own dress, headband and jewelry. An aversion to definition is a great gift to an artist like Welch. Art begins in the body; art is limited by the limitations of the body; at some point, art exceeds the body and can live beyond the scope of flesh.

The musician Florence Welch, photographed in London on July 5, 2024. When I rang the Camberwell, South London, doorbell of Florence Welch, I held a tribute: “The Penguin Book of Spiritual Verse” (2022), edited by Kaveh Akbar. Chanel coat, price on request, (800) 550-0005; Valentino tights (worn underneath), $1,000; and Welch’s own dress, headband and jewelry. Exacerbating the mixed craving for and fear of having a baby and what it would mean for her art, Welch feels the intense pressure of aging as a female performer. Art begins in the body; art is limited by the limitations of the body; at some point, art exceeds the body and can live beyond the scope of flesh.

The musician Florence Welch, photographed in London on July 5, 2024. For nearly two decades, Florence Welch’s songs have offered a mythic view not only of pop music but of the glories and rages of being a female artist today. When I rang the Camberwell, South London, doorbell of Florence Welch, I held a tribute: “The Penguin Book of Spiritual Verse” (2022), edited by Kaveh Akbar. An aversion to definition is a great gift to an artist like Welch. Art begins in the body; art is limited by the limitations of the body; at some point, art exceeds the body and can live beyond the scope of flesh.

☆ Oil inches up after surprise drop in U.S. crude stockpiles
▼ + stars: | 2024-10-17 | by ( ) www.cnbc.com time to read: +2 min

Oil prices rose in early Asian trade on Thursday, paring sharp losses over the past two sessions, after industry data showed an unexpected drop in U.S. crude stockpiles last week. It's coming, we know that but we don't know when," Sycamore said, adding that both factors bring upside risks for crude oil. In the U.S., crude oil and fuel stocks fell last week, market sources said, citing American Petroleum Institute figures on Wednesday, against expectations of a build-up in crude stockpiles. Crude stocks fell by 1.58 million barrels in the week ended Oct. 11, the sources said on condition of anonymity. Gasoline inventories fell by 5.93 million barrels, and distillate stocks fell by 2.67 million barrels, they said.

Persons: Tony Sycamore, Sycamore Organizations: Brent, U.S, West Texas, Organization of, Petroleum, International Energy Agency, China NPC, IG, Investors, American Petroleum Institute, Reuters, Energy Information Administration, U.S . Department of Energy, European Central Bank Locations: Almetyevsk, Tatarstan, Russia, Israel, Iran, China, Sydney, Beijing, U.S

☆ Crypto and meme stock boosters aren’t doing ‘Trump trades’ — they’re just doing trades
▼ + stars: | 2024-10-17 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —The bitcoin bulls and meme stock traders are fired up about the prospect of another Donald Trump White House. At the same time, shares of Trump Media were bouncing back from Tuesday’s mysterious 10% drop and resuming their meme-stock-esque tendency to rise without any fundamental reason to do so. What do the two assets, a digital currency and a media stock, have in common? Crypto traders are amped because of the Republican nominee’s apparent 180 on the asset class he once dismissed as a scam. Bottom line: Both bitcoin and Trump Media could become even more volatile over the next few weeks as more traders pile in.

Persons: CNN Business ’, Donald Trump, Kamala Harris ’, Harris, Trump, CNN’s, ”, Steph, “, Adrian Fritz, It’s, ” Fritz, it’s, Al Root, Root, Fritz, “ It’s Organizations: CNN Business, New York CNN, Donald Trump White House, Trump Media, Trump, Liberty Financial, hyperdrive, Harris ’, ” Trump Media, Apple Locations: New York, ”, Central

☆ China pledges more financial support for 'whitelist' real estate projects
▼ + stars: | 2024-10-17 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +4 min

China vowed more financial support for real estate projects that fall under its so-called whitelist and to speed up banks lending of 4 trillion yuan ($561.8 billion) for such projects, according to the nation's housing ministry. A total of 2.23 trillion yuan has been approved in loans to whitelisted developers, and that figure is expected to exceed 4 trillion yuan by the end of this year, according to a senior official from the financial regulator. Real estate was also the leading gainer in Mainland China's CSI 300, advancing by nearly 5%. Days later, officials in a top-level meeting, chaired by Chinese president Xi Jinping, pledged to "halt the real estate market decline and spur a stable recovery." More than 50 cities across China had introduced policies to boost the real estate market, according to Chinese state media citing the housing ministry.

Persons: Ni, HSMPI, Pan Gongsheng, Xi Jinping, Goldman Sachs, —, — CNBC's Evelyn Cheng Organizations: National Financial Regulatory Administration, Investors, China's Ministry of Finance, Mainland, China's CSI, People Bank of China, National Bureau, Statistics Locations: China, Beijing, China's, Guangzhou, Shanghai, Shenzhen

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