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According to state-owned All India Radio, federal forensic experts and medical officers were expected to visit the R.G. Kar Medical College and Hospital, where authorities found the body of the 31-year-old resident doctor in a seminar hall on Friday. The case also highlights India’s long struggle to tackle violence against women, despite some of the world’s most stringent laws. Medical associations across the country joined the action, calling for a federal investigation and overhaul of security measures at hospitals. Videos from Kolkata showed doctors wearing white coats and stethoscopes chanting and raising banners reading “we want justice.”Similar protests continued in other cities across India.

Persons: —, Dibyangshu Sarkar, Jagat Prakash Nadda, Doctors “, Nadda Organizations: India Radio, Kar Medical College and Hospital, . Police, Indian Medical Association, Getty, of Resident, Association, Central Healthcare Protection, Federation of All India Medical Association, Lohia, IMA, National Medical Commission, Crime Records Locations: India, Kolkata, West Bengal, AFP, New Delhi, India’s

☆ Judge in Trump hush money case says he will not recuse himself
▼ + stars: | 2024-08-14 | by ( Kara Scannell | ) edition.cnn.com time to read: +2 min

CNN —The judge overseeing Donald Trump’s criminal trial related to hush money payments said he will not recuse himself from the case, rejecting the former president’s latest attempt to remove him ahead of his sentencing next month. Trump has repeatedly sought to remove Judge Juan Merchan from the proceedings, citing work the judge’s daughter has done for Democratic campaigns. In denying Trump’s motion, the judge wrote, “this court now reiterates for the third time, that which should already be clear – innuendo and mischaracterization do not a conflict create.”The judge said Trump has offered no new facts to warrant another review. “Counsel has merely repeated arguments that have already been denied by this and higher courts,” Merchan wrote in his decision. “President Trump will continue to fight this scam, and will always do all he can to save this great country from the dangerously liberal Harris-Biden mess.”This story has been updated with additional reaction.

Persons: Donald Trump’s, Trump, Juan Merchan, ” Merchan, Merchan, ” Steven Cheung, “, ” Cheung, Harris, Biden, CNN’s Paula Reid Organizations: CNN, Democratic, White

☆ Putin appointed his former bodyguard to take over Russia's military response to the Kursk invasion, local lawmaker says
▼ + stars: | 2024-08-14 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Kursk State Duma deputy Nikolai Ivanov told Russian broadcaster RTVI on Tuesday that Putin had met personally with Alexei Dyumin, who was made secretary of the State Council in May. Ivanov said Putin told Dyumin to supervise military operations in Kursk, with the primary goal of ousting Ukrainian forces that invaded the Russian border region last week. Dyumin, seated second from Putin's right, attended a leading of Russia's top brass about the Kursk invasion. Related storiesWhen the now-deceased head of the Wagner Group, Yevgeny Prigozhin, staged a rebellion against Putin, Dyumin was rumored to have been instrumental in orchestrating negotiations. wrote state media military correspondent Alexander Sladkov on Tuesday.

Persons: —, Vladimir Putin, Nikolai Ivanov, Putin, Alexei Dyumin, Aleksey Gennadyevich Dyumin, Ivanov, RTVI, Dyumin, Valery Gerasimov, Alexander Bortnikov, Yevgeny Prigozhin, It's, Rybar, Alexander Sladkov Organizations: Service, Duma, RTVI, State Council, Business, Ukrainian, Bloomberg, Federal Security Services, Russian Presidential, Putin, Wagner Group Locations: Kursk, Russian, Crimea, Tula, Washington, Ukraine, Kyiv

☆ Tropical Storm Ernesto nears hurricane strength as it skirts Puerto Rico, bringing concerns of floods and power outages
▼ + stars: | 2024-08-14 | by ( Elizabeth Wolfe | Robert Shackelford | ) edition.cnn.com time to read: +5 min

Its center was about 40 miles north of San Juan early Wednesday after passing over the Virgin Islands on Tuesday. Hurricane watches and tropical storm warnings are in effect for the Virgin Islands and the small Puerto Rican islands of Vieques and Culebra. And he entire island of Puerto Rico is also under a tropical storm warning. Tourists sit on La Pared beach as Tropical Storm Ernesto whips up surf near Luquillo, Puerto Rico, on Tuesday. “The people of Puerto Rico and the US Virgin Islands are no strangers to storms,” Rothenburg said.

Persons: Ernesto, Puerto Rico –, Thomas, John, Pedro Pierluisi, Hurricane Maria, Alejandro Granadillo, Juan Saca, Saca, Jaclyn Rothenberg, ” Rothenburg, “, ” Rothenberg, Mary Gilbert, CNN’s Ella Nilsen Organizations: CNN, Atlantic, National Hurricane Center, San Juan, Virgin, Puerto Rico, Virgin Islands, US, National Weather Service, Puerto Rico Gov, National Guard, Puerto Ricans, AP LUMA Energy, Federal Emergency Management Agency Locations: Puerto Rico, San, Puerto, Caribbean, Puerto Rican, Vieques, Culebra, St . Croix, St, Luquillo , Puerto Rico, Virgin, Bermuda, It’s, Hispaniola, Bahamas, US East Coast

☆ Kamala Harris has the opportunity right now to define her economic policies, CEO says
▼ + stars: | 2024-08-13 | 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 EmailKamala Harris has the opportunity right now to define her economic policies, CEO saysSyga Thomas, CEO at Ensah Advisory Partners, says Vice President Kamala Harris needs to differentiate herself from President Joe Biden when it comes to her economic policies.

Persons: Kamala Harris, Syga Thomas, Joe Biden Organizations: Advisory Partners

☆ Tesla faces tough competition in China and slow EV adoption in the U.S., investment advisory firm says
▼ + stars: | 2024-08-13 | 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 EmailTesla faces tough competition in China and slow EV adoption in the U.S., investment advisory firm saysTesla CEO Elon Musk could be hoping to get support to "slow the advance of the competition he is facing in China," said Bill Russo, founder and CEO of Automobility, a strategy and investment advisory firm.

Persons: Elon, Bill Russo Locations: China, U.S

☆ Consumer Agency Cracks Down on Seller-Financed Home Sales
▼ + stars: | 2024-08-13 | by ( Matthew Goldstein | More About Matthew Goldstein | ) www.nytimes.com time to read: +1 min

A federal regulator signaled it would take a tougher stance with seller-financed home sales on Tuesday, saying that they were subject to many of the same consumer protections as a home bought with a more traditional mortgage. The Consumer Financial Protection Bureau released an advisory opinion that put sellers on notice that it would not tolerate the predatory practices that have come to dominate the so-called contract for deed market. These seller-backed sales have become popular in poor neighborhoods with rundown single-family homes, where mortgages are hard to come by. Contract for deeds are multiyear installment contracts in which the seller retains the title to a home until the buyer makes a final payment. These risky deals often have above-market interest rates and put the burden of repairs on the would-be buyer.

Organizations: Consumer Financial

☆ Elon gave Trump 1 million listeners. Trump gave his greatest hits.
▼ + stars: | 2024-08-13 | by ( Katherine Tangalakis-Lippert | John L. Dorman | ) www.businessinsider.com time to read: +6 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewFormer President Donald Trump and Tesla CEO Elon Musk on Monday held a much-anticipated conversation live-streamed through Musk's social media platform, X. After a 42-minute delay, Musk began the stream by saying, "This massive attack illustrates there's a lot of opposition to people just hearing what President Trump has to say." Musk said he'd be "happy to help out" with a government efficiency commission, which Trump seemed open to, saying: "You're the greatest cutter." So every one of you is gone, and you are the greatest," Trump said, praising Musk.

Persons: —, Donald Trump, Elon Musk, Musk, Ron DeSantis, Trump, Kamala Harris, — she's, Biden, Tesla, Harris, 4ZGWHV49Mw — Kamala, Elon, Joe Biden Organizations: Service, Tesla, Florida Gov, Business, RNC, Trump, National Labor Relations, Reuters, of Education, SpaceX, Musk Trump, GOP Locations: Venezuela, United States, Mexico, California, Paris

☆ Who gets the Hamptons house? How rich Americans give homes to their children without causing feuds.
▼ + stars: | 2024-08-13 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +3 min

Even among rich heirs, passing on real estate without proper planning can lead to sibling strife. What if one sibling wants to renovate the Aspen chalet and the others don't want to split the cost? Instead of leaving these thorny questions up to the kids, parents can control how the property will be managed after they die. Related storiesWhen equal isn't equitableParents often assume that their adult children will share the property equally after they pass, according to Ludman. Perhaps two of three adult heirs are wealthier than the third, who doesn't want to share the burden of property tax and other costs.

Persons: haven't, Adam Ludman, Will, Ludman Organizations: Service, Hamptons, Aspen, JPMorgan Private Bank Locations: Ludman

☆ Powers: Hold the tech trade, don't pay too much as an entry point
▼ + stars: | 2024-08-13 | 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 EmailPowers: Hold the tech trade, don't pay too much as an entry pointMatt Powers, Founder and President of Powers Advisory Group, discusses the markets and his top sector picks.

Persons: Matt Powers Organizations: Powers Advisory

☆ FDA rejection of MDMA-assisted therapy rattles advocates but doesn’t spell end of psychedelics in medicine, experts say
▼ + stars: | 2024-08-13 | by ( Deidre Mcphillips | Carma Hassan | ) edition.cnn.com time to read: +11 min

The initial application from Lykos presented positive data from two late-stage clinical trials that used MDMA in combination with talk therapy to treat PTSD. The advisers said it was also difficult to parse how much the accompanying talk therapy — an area that the FDA does not regulate — contributed to outcomes. Advocates for the treatment, including some veterans groups, said they were “incredibly disappointed” by the FDA decision. Dozens of clinical trials involving psychedelics are in various stages, and additional scrutiny can help strengthen the findings and build confidence. Psychopharmacology did not allow the study authors to publish a correction with data that excluded findings from one study site, said Allison Feduccia, an author in all three retracted studies.

Persons: Lykos, —, ” Martin Steele, Brett Waters, ”, Rachel Yehuda, “, ‘, Michael Bogenschutz, Yehuda, It’s, Lori Bruce, Psychopharmacology, caressed, “ it’s, Amy Emerson, ” Lykos, Allison Feduccia, Dr, Sanjay Gupta, Brian Barnett, ” Bruce, Nadia Kounang Organizations: CNN, Food and Drug Administration, Lykos Therapeutics, FDA, Veteran Mental Health Leadership Coalition, Hope, Center, Psychedelic Psychotherapy, Mount, Icahn, of Medicine, NYU Langone Center, Psychedelic Medicine, Oxford, NUS, Neuroethics, Interdisciplinary Center, Bioethics, Yale University, ”, Multidisciplinary Association for Psychedelic Studies, Health Canada, Institutional, Board, CNN Health, Cleveland Clinic Locations: Canada, “

The shots will be important, however, as the U.S. heads into the fall and winter, when cases usually rise again. Vaccine experts select the Covid strain in the spring for a vaccination campaign in the fall. Last fall, when CDC data showed a rise in hospitalizations, some doctors criticized the FDA for waiting too long to roll out the updated Covid vaccines. Has the FDA considered changing the fall vaccine rollout schedule, now early September? Link-Gelles highlighted the challenges in determining the optimal timing for administering the Covid vaccines.

Persons: Will, ”, John Moore, Akiko Iwasaki, Covid —, CDC epidemiologist Ruth Link, that’s, Isaac Bogoch, “, Ofer Levy, Levy, ” Levy, it’s, ” Weill Cornell's Moore, “ I’m, what’s, ” Moore Organizations: Weill Cornell Medical College, “, Centers for Disease Control, Food and Drug Administration, Yale University, FDA, CDC, NBC, University of Toronto, Precision, Boston Children’s Hospital Locations: U.S, hospitalizations

☆ Nankei Trough advisory: Japan is bracing for a once-in-a-century earthquake. Does it need to?
▼ + stars: | 2024-08-12 | by ( Jessie Yeung | Hanako Montgomery | ) edition.cnn.com time to read: +11 min

A special committee warned that another “major earthquake” could hit in the coming week – the first time in its history the body had issued this type of nationwide advisory. Then there’s the looming threat of the Nankai Trough megathrust earthquake – the most powerful of its kind, with magnitudes that can exceed 9. Japan’s government has warned of the possible Nankai Trough quake for so many years that the possibility of it occurring has become common knowledge. The ‘big one’The Nankai Trough is a 700-kilometer long (435-mile) subduction zone, which refers to when tectonic plates slip beneath each other. “I tell (my students), the Nankai Trough earthquake will definitely come, whether it’s your generation or your children’s generation,” he said.

Persons: ”, Shoichi Yoshioka, ” Yoshioka, Kim Jae, it’s, “, Robert Geller, It’s, Yoshioka, Geller, ” Geller, Yota, Mashiro Ogawa, Megumi Sugimoto, “ It’s, Shuhei Yokoyama, there’s, Sugimoto Organizations: Tokyo CNN, Japan’s Kobe University, “, Residents, Getty, government’s Earthquake Research, Kobe University, University of Tokyo, Asahi Shimbun, Osaka University Locations: Japan, Europe, United States, Ishinomaki, Miyagi prefecture, AFP, Nankai, Philippine, Tokyo, Noto Peninsula, Wajima City, Noto, Fukuoka, Kyushu, Kumamoto

☆ New study links early childhood tablet use to anger outbursts
▼ + stars: | 2024-08-12 | by ( Katia Hetter | ) edition.cnn.com time to read: +9 min

One paper published just this year sheds some light as to why tablet use could be related to anger outbursts. This is in the context of near-universal use of social media, with up to 95% of kids ages 13 to 17 reporting using social media. American teens report spending a shocking amount of time — nearly five hours each day—on YouTube, TikTok, Instagram and other social media apps. There are a number of problems with this level of social media use, one of which is what this time is replacing. Third, for those whose kids already have smartphones and use social media apps, speak with them about the impact of social media on them.

Persons: Leana Wen, Wen, It’s, I’ve, Vivek Murthy, Murthy, I’d Organizations: CNN, George Washington University, Getty, Pediatrics, YouTube Locations: Nova Scotia, Canada, South Africa

After tearing into each other in the past, the world's richest person and Republican presidential nominee have become close political allies. December 2016: Musk appointed to Trump's advisory councilsDonald Trump on Tuesday escalated his feud with Elon Musk in a series of Truth Social posts belittling the billionaire. May 2022: Musk said he would reinstate Trump's Twitter accountTesla CEO Elon Musk. "You know [Musk] said the other day 'Oh, I've never voted for a Republican,'" Trump said during a Saturday rally in Anchorage, Alaska. AdvertisementJuly 2022: Musk says Trump shouldn't run againElon Musk.

Persons: —, Elon, Donald Trump, Trump, Musk, Yasin Ozturk, Hillary, Elon Musk, Evan Vucci, Uber, Travis Kalanick, flack, Alex Brandon, Musk's, Tesla, Justin Sullivan, He's, Thomas Edison, Jonathan Ernst, Chris Saucedo, unban Trump, Patrick T, Fallon, I've, Alexi Rosenfeld, getty, Seth Herald, Twitter, Ron DeSantis, DeSantis, David Sachs, John Moore, Joe Biden, Ohio Sen, JD Vance, Vance, MAGA, Biden, Kamala Harris, Harris Organizations: Service, Trump, Twitter, Business, CNBC, Elon, White, SpaceX, Donald Trump AP, America, Ford, General Motors, NASA's Kennedy Space Center, REUTERS, SXSW, Financial Times, US, Getty, Republican, and Freedom Coalition, White House, Radical Left, Florida Gov, The New York Times, GOP, Times, Republican National Convention, Ohio, Wall Street, Democratic Locations: United States, Paris, Anchorage , Alaska, California, Cape Canaveral , Florida, U.S, Nashville , Tennessee, Musks, Silicon Valley, Mexico, Eagle Pass , Texas, Eagle, , Texas, Washington, Ukraine, Lago, Harris

☆ MrBeast needs to overhaul his company culture to bounce back, experts say
▼ + stars: | 2024-08-12 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. YouTube's biggest creator — whose real name is Jimmy Donaldson — has been embroiled in a series of controversies in recent weeks. AdvertisementA spokesperson for Donaldson told The Times that the shoot "was unfortunately complicated by the CrowdStrike incident, extreme weather and other unexpected logistical and communications issues." What Donaldson needs is a complete overhaul of his company culture. At the time of writing, MrBeast has 308 million subscribers on YouTube, making him the most popular creator on the site.

Persons: —, Jimmy Donaldson —, it's, Donaldson, Mart, Don Arnold, Getty, YouTube megastar, Evan Nierman, Banyan, Nierman, Lucas Botzen, Botzen, MrBeast, didn't, Katya Varbanova Organizations: Service, New York Times, Business, Times, Associated Press, AP, YouTube, Viral

Ronda Churchill | Afp | Getty ImagesEconomist Brian Deese has begun advising Vice President Kamala Harris as she develops her economic policy plan, according to three people familiar with the matter. Deese is a former director of President Joe Biden's National Economic Council and a fellow at MIT's Center for Energy and Environmental Policy Research. Harris is also working with Mike Pyle, a former deputy National Security Advisor for International Economics in the Biden White House, these people said. Director of the National Economic Council Brian Deese (L) and Vice President Kamala Harris (R) listen during the weekly economic briefing in the Oval Office at the White House on April 9, 2021 in Washington, DC. Along with Pyle and Deese, former senior Treasury official Brian Nelson is also advising Harris on policy.

Persons: Kamala Harris, Ronda Churchill, Brian Deese, Joe Biden's, Harris, Deese, Mike Pyle, Amr Alfiky, Pyle, Millison, Brian Nelson, Gene Sperling Organizations: Democratic, Thomas, Mack Center , University of Nevada, Afp, Getty, Economic Council, MIT's Center for Energy, Environmental, Research, National, International Economics, Biden White House, National Economic, White, BlackRock, CNBC, Ford Motor Co, Macro Advisory, Ford, Treasury, White House Locations: Las Vegas , Nevada, Ronda, Washington ,, BlackRock

☆ An M&A expert says creator-economy companies need to look beyond influencers to grow
▼ + stars: | 2024-08-12 | by ( Dan Whateley | Sydney Bradley | ) www.businessinsider.com time to read: +6 min

Instead, look at companies that sell tools for content creation that service a wider swath of users, Lambros told Business Insider. BI spoke to Lambros about the state of the creator economy and the firm's recent report on the industry. The creator economy needs to crack B2BCompanies should not rely on influencers to make it big. Publicly traded companies within the creator economy include Shopify, Eventbrite, Roblox, and Reddit. Private-equity firms, an increasingly common buyer in the startup space, still have some learning to do about the creator economy, he said.

Persons: —, John Lambros, Houlihan Lokey, They're, Lambros, upstarts, it's, Permira, That's Organizations: Service, Business, Fortune, Avid, Networks, Publicly, YouTube Locations: Lambros

☆ Apartments, hockey rinks and Amazon warehouses: Macy's closures will set off a wave of change at shopping malls
▼ + stars: | 2024-08-12 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

Shoppers walk through the Fashion Centre at Pentagon City, a shopping mall in Arlington, Virginia, February 2, 2024. As of early May, the company had 503 Macy's stores, including a small number of other concepts outside of malls. There were 352 shopping malls classified as Class A and B at the end of 2016, according to company reports, S&P Capital IQ and Coresight Research. That decline is sharper among Class C and D shopping malls, which fell from 684 malls in 2016 to 287 in 2022, according to the companies' research. At some distressed malls, Macy's may be the last anchor that remains.

Persons: Justin Sullivan, Macy's, Tony Spring, Chris Wimmer, Saul Loeb, Taylor, Anand Kumar, Kumar, Naveen Jaggi Organizations: Fitch, Shoppers, Fashion Centre, Pentagon, Afp, Getty, JCPenney, Coresight, Nordstrom, Belk, Foods, Brookfield Properties Grocery Locations: San Leandro , California, Arlington , Virginia, U.S, JLL, San Francisco

☆ Former YouTube CEO Susan Wojcicki dies at 56 of lung cancer
▼ + stars: | 2024-08-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

YouTube’s former chief executive and long-time Google executive Susan Wojcicki died on Saturday at the age of 56 after a two-year battle with lung cancer. “It is with profound sadness that I share the news of Susan Wojcicki passing. Before becoming CEO of YouTube in 2014, Wojcicki was senior vice president for ad products at Google. After nine years at the helm, Wojcicki stepped down from her role at YouTube in 2023 to focus on “family, health, and personal projects”. “Today we at YouTube lost a teammate, mentor, and friend, Susan Wojcicki,” Mohan said in a post on X.

Persons: YouTube’s, Susan Wojcicki, ” Dennis Troper, Susan, Sundar Pichai, Wojcicki, Neal Mohan, Larry, Sergey, ” Wojcicki, Larry Page, Sergey Brin, ” Mohan Organizations: Google, YouTube, Stanford

☆ Why Japan issued its first-ever 'megaquake advisory' — and what that means
▼ + stars: | 2024-08-10 | by ( Evan Bush | Evan Bush Is A Science Reporter For Nbc News. | ) www.nbcnews.com time to read: +4 min

The Summary Japan’s meteorological agency on Thursday issued its first-ever “megaquake advisory.”The warning followed a 7.1-magnitude earthquake off the country’s southern coast. Subduction zone faults build stress, and a so-called megathrust earthquake takes place when a locked fault slips and releases that stress. In the U.S., the Cascadia subduction zone off the West Coast runs from Vancouver Island, Canada, to Cape Mendocino, California. A beach is closed in Nichinan in southwestern Japan on Friday, after the country's issued its first warning about a possible megaquake. Large Nankai Trough earthquakes tend to come in pairs, with the second often rupturing in the subsequent two years.

Persons: AP Harold Tobin, “, ” Tobin Organizations: Philippine, West Coast, Kyodo, Reuters, Japan’s Earthquake Research, United States Geological Survey, AP, University of Washington Locations: Nankai, Japan, U.S, Cascadia, Vancouver Island, Canada, Cape Mendocino , California, Nichinan, Miyazaki

If approved, it would have been the first new treatment for PTSD in more than two decades. Lykos Therapeutics had asked the FDA to approve the drug as part of a treatment regimen, given alongside talk therapy. Lykos Therapeutics had asked the FDA to approve the drug as part of a treatment regimen, given alongside talk therapy. Lykos added that the agency expressed concerns similar to those raised during the advisory committee meeting in June. Davis Institute for Psychedelics and Neurotherapeutics, said he doesn’t think the FDA decision will hinder the development of psychedelics for mental health disorders, including PTSD.

Persons: “, ”, Holly Fernandez Lynch, Lykos, Amy Emerson, Sarah Silbiger, David Olson, Olson, ” Olson, Brian Barnett, ” Barnett, Joe Biden, Biden, Robert Califf, ” Lynch, psychedelics, David Rind Organizations: Drug Administration, Therapeutics, FDA, Lykos Therapeutics, University of Pennsylvania, Davis Institute for Psychedelics, Cleveland Clinic, Clinical Locations: U.S, White Oak, Md, Ohio

☆ Wealthy investors find opportunities in stock market sell-offs
▼ + stars: | 2024-08-09 | by ( Robert Frank | ) www.nbcnews.com time to read: +7 min

Wealthy investors and family offices shied away from stocks leading up to market swings this week, but many saw the drop in prices as an opportunity for tax savings and estate planning, according to wealth advisors. When stocks tumbled Monday, with the S&P 500 and Nasdaq down 3%, wealthy investors neither panicked nor jumped in to buy, according to several advisors. The drop in prices last Friday and Monday also offered a chance for wealthy investors to take advantage of tax benefits and gift strategies. With the gift and estate exemption amount scheduled to expire at the end of next year, many wealthy investors are working to give away the maximum before the expiration. “Most family offices are so invested in alternatives, hedge funds, PE and real estate, that they aren’t moving their investments around anyway,” said Geoffrey von Kuhn, an advisor to several of the nation’s largest family offices.

Persons: ‘, ’ ”, Sean Apgar, ” Apgar, BBR, —, William Sinclair, ” Sinclair, ”, Jennifer Povlitz, Geoffrey von Kuhn, Richard Weintraub, ” Weintraub, Buffett, Michael Pelzar, ” Pelzar, “, Jimmy Chang Organizations: UBS, Deloitte, Nasdaq, BBR Partners, Morgan Private Bank, Big Tech, “, UBS Wealth Management, Americas, Citi Private Bank, Bank of America Private Bank, ” Advisors, Rockefeller Global Family Locations: U.S, J.P

☆ Bull trap? It's 'make or break' time for U.S. soft landing case, strategist says
▼ + stars: | 2024-08-09 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

U.S. stocks have whipsawed since last Friday, with a sharp sell-off followed by a bounce-back on Thursday. This led the S&P 500 to its strongest session since 2022, leaving it around the 5,310 level. The S&P 500 is facing a key test level as the consensus view of a soft landing for the U.S. economy reaches a "make or break" point, according to one strategist. But essentially what that means is a bull trap squeeze, where there's a lot of leveraged, bullish views on [the] back of a consensus soft landing view, which ultimately is now make or break." William described a bull trap as a selling point in which bullish consensus is proven wrong.

Persons: Ron William, CNBC's, William, that's, Ron William's Organizations: Advisory Locations: U.S, —

☆ Retailers are tricking consumers into spending more with earlier-than-ever Halloween rollout
▼ + stars: | 2024-08-09 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

But all the excitement to get a jump start on Halloween comes as consumers are showing more signs of financial stress. Tricking consumers into treating themselves more“It’s clear that consumers have been interested in buying Halloween products earlier and earlier,” said Champine. Michaels said it started selling Halloween goods in June, the earliest the retailer has ever done so. The initial launch of Halloween goods at Michaels “has been consistently beating our internal expectations,” he added. By selling Halloween goods earlier, they’re likely hoping it’ll decrease the likelihood of having to discount, she added.

Persons: can’t, ”, Laura Champine, they’re, Joe Feldman, Michaels, ” John Gehre, Michaels “, ” Kelsey Robinson, Lance Allen, “, ” Allen, David Zalubowski, they’ve, they’ll, Champine, ” Lowe’s, Feldman Organizations: New, New York CNN, Disney, Walt Disney, Loop, Telsey Advisory, CNN, Costco, Consumer, McKinsey, Labor, Depot Locations: New York, Los Angeles, Sheridan , Colorado, Lowe’s

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