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☆ 'I agonized over it': Behind the scenes with the reporter who uncovered the RFK Jr./Olivia Nuzzi story
▼ + stars: | 2024-09-20 | by ( Peter Kafka | ) www.businessinsider.com time to read: +8 min

After you put out your story and New York magazine put out a statement, Nuzzi put out her own statement, which might change the way people perceive the story. And as New York magazine said, I think they're taking this pretty seriously. Since we're having a media business conversation now: I was surprised when you launched that you made this a subscription product. There is lots of media journalism out there that is for free. So this stuff is expensive, and if you want to support good journalism, I think you should pay for it.

Persons: —, Olivia Nuzzi, Robert F, Kennedy Jr, Donald Trump, Nuzzi, Oliver Darcy, Darcy, Olivia, Joe Biden, It's, She's, CNN's Donie O'Sullivan, Tasos Katopodis, it's, I've, there's Organizations: Service, RFK Jr, Business, CNN, Vox Media, New York, RFK, White, York, Getty Images Locations: Olivia Nuzzi , New York, Donald Trump ., York, New York, America

☆ Ukraine expects the war to see exponentially more 'iron soldiers,' or ground drones with guns that can fill troop roles
▼ + stars: | 2024-09-20 | by ( Matthew Loh | ) www.businessinsider.com time to read: +1 min

Ukraine's intelligence chief predicted that ground drones in battle will increase "in the order of tens" this year. Kyrylo Budanov said much of Ukraine's impetus for these drones is to avoid sending troops to die. Some of Ukraine's experimental ground drones, which it calls "iron soldiers," can be fit with guns or explosives. Go to newsletter preferences Thanks for signing up! AdvertisementUkrainian intelligence chief Kyrylo Budanov expects the war to enter a new phase — one that will see far more land-based drones replacing soldiers on the front lines.

Persons: Kyrylo Budanov, —, Budanov Organizations: Service, Yalta European Locations: Yalta, Kyiv

I grew up in a big city and have, until very recently, always lived in cities. I'd already been on the hunt for a location within commuting distance of the big city when the pandemic hit. House hunting in a new location in an increasingly hot market — as a result of the mass exodus from the big city — was like taking on another full-time job. My three-to-five-year plan now includes the lofty financial goal of buying a remote property with more land and freedom. I'm keeping in touch with my mortgage brokerLastly, I'm maintaining close ties with my phenomenal mortgage broker, the wise and wonderful Lisa Okun.

Persons: I'd, I've, I'm, It's, it's, Lisa Okun, she'll, what's Organizations: Service Locations: We'll

☆ Capitalize on current value to maximize carry profits: PineBridge
▼ + stars: | 2024-09-20 | 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 EmailCapitalize on current value to maximize carry profits: PineBridgeTadashi Matsukawa of PineBridge Investments expects the Bank of Japan to hold steady for the rest of the year, and explains how he's investing in fixed income in light of that expectation.

Persons: PineBridge Tadashi Matsukawa Organizations: PineBridge Investments, Bank of Japan

☆ CNBC Daily Open: Markets have finally processed the good news
▼ + stars: | 2024-09-20 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. [PRO] Commodity price movements Stocks have rallied on the back of the Fed's rate cut. The S&P climbed 1.7% to end at 5,713.64, the first time the broad-based index has broken through the 5,700 ceiling. At the end of Washington's song, she croons, "What a difference a day makes / And the difference is you."

Persons: Stocks, it's, Jerome Powell's, Jeff Cox, Dinah Washington, Oppenheimer, Brian Belski, Powell, –, Alex Harring, Fred Imbert, Hakyung Kim, Lisa Kailai Han Organizations: Nasdaq, CNBC, Citi, HSBC, People's Bank of, Bank of, Fed, Dow, Nvidia, Apple, BMO Locations: New York, China, Japan, Asia, People's Bank of China, Bank of Japan, Dinah Washington . Washington

☆ Trump and Harris are pushing proposals that 'ignore economic reality,' billionaire investor Howard Marks says
▼ + stars: | 2024-09-20 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Read previewThe presidential election is running on promises that just don't hold up, according to billionaire investor Howard Marks. "Like me, you've undoubtedly noticed that politicians ranging from former President Trump and Vice President Harris to down-ballot candidates are back to making promises that ignore economic reality," Marks wrote in his latest memo. AdvertisementDonald Trump: Tariffs and taxesIn Trump's case, plans for higher tariffs on virtually all US imports are equivalent to a price hike on average American consumers, Marks said. As these disappear, consumers should prepare for higher prices. Kamala Harris: Price gouging and housingMarks' primary criticism aimed at Harris' anti-price gouging policy.

Persons: —, Howard Marks, you've, Trump, Harris, Marks, Donald Trump, they'll, Kamala Harris, Price, Marks isn't Organizations: Service, Business, Oaktree

☆ Apple iPhone 16, Apple Watch Series 10 and AirPods 4 debut around the world
▼ + stars: | 2024-09-20 | by ( Todd Haselton | ) www.cnbc.com time to read: +3 min

In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNTwatch nowApple on Friday greeted customers at its stores around the world for the debuts of the iPhone 16, Apple Watch Series 10 and AirPods 4. The software advancements will only be available on iPhone 16 and last year's iPhone 15 Pro devices. A view of Apple's new iPhone 16 at an Apple Store on the Regent Street in London, United Kingdom on September 20, 2024. Last year, UBS wrote, customers had a 41-day wait time for some iPhone 15 Pro Max preorders compared to a 26-day wait time for the iPhone 16 Pro Max this year. Devices of the new Apple Watch Series 10 model are on display after the presentation at Apple headquarters.

Persons: Siri, Rasid, Chi Kuo, shouldn't overreact, Max preorders, Max, Andrej Sokolow Organizations: Apple, Apple Intelligence, Anadolu, Getty, TF Securities Analyst Ming, Barclays, JPMorgan, Bank of America, UBS, Pro Locations: New York City, London, United Kingdom, China

☆ '4-8 trillion RMB' needed in the hands of Chinese consumers to stimulate the economy: Barclays
▼ + stars: | 2024-09-20 | 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 Email'4-8 trillion RMB' needed in the hands of Chinese consumers to stimulate the economy: BarclaysAjay Rajadhyaksha of Barclays breaks down the problems facing the Chinese economy and says that the government and central bank will continue to "muddle along" in trying to boost the country's economy.

Persons: Barclays Ajay Rajadhyaksha Organizations: Barclays

The longest video shows three Israeli soldiers standing on a rooftop. “This is a serious incident that does not coincide with IDF values and the expectations from IDF soldiers,” the military said in a statement to CNN. The governor of Jenin, Kamal Abu Al-Roub, told CNN that the Israeli military took four bodies from Qabatya. “Soldiers went up and kicked and pushed the bodies off the roof, as we have seen. The Israeli military has in recent weeks used increasingly militarized tactics in the occupied West Bank.

Persons: Kamal Abu Al, Ameed, ”, “ Soldiers, “, Mustafa Barghouti, Lauren Izso, Tim Lister Organizations: Jerusalem CNN, West Bank, Israel Defense Forces, Associated Press, CNN, Al, IDF, Israeli Security Agency, Palestinian Ministry of Health, Palestine Red Crescent Society Locations: Jerusalem, Qabatya, Jenin, Qabatiya, Palestinian, Palestine

And, like thousands of Haitians, he chose to settle in Springfield, Ohio, where his brother lived and the surrounding community made him feel safe and welcome. “That’s hard.”Vilbrun Dorsainvil speaks to CNN in Springfield, Ohio. “There are concerns for our safety and future,” said Madet Merove, a Haitian immigrant and United Methodist pastor who lives in Springfield. But that’s changed, she said, with the increase of Haitian immigrants. But despite the threats, Dorsainvil said he has reason to hope.

Persons: Vilbrun Dorsainvil, Dorsainvil, ”, “, fiancée, ‘, you’ve, Donald Trump, specter, CNN ‘, Madet Merove, Mike DeWine, Andy Wilson, ” Wilson, Springfield, Springfield Mayor Rob Rue, ” “, Rue, Biden, Margery Koveleski, Bryan Heck, Sen, Sherrod Brown, Heck, I’m, Koveleski, she’s, that’s, we’re, That’s, –, ” Corey Worden, Rachel Worden, Corey Worden, Trump, ’ ”, ” Dorsainvil Organizations: Springfield , Ohio CNN, CNN, Clark State College, United Methodist, Ohio Gov, FBI, ATF, Schools, Springfield Mayor, Springfield, Ohio Democrat, Patrol, “, Job, Talent, Springfield “, ” Locations: Springfield , Ohio, Haiti, United States, Ohio, Springfield, Haitian, Clark County, Nicaragua, Venezuela, Cuba, Macy’s, Springfield’s, New York City, ”

☆ J&J subsidiary files for bankruptcy to advance $8 billion talc settlement
▼ + stars: | 2024-09-20 | by ( ) edition.cnn.com time to read: +3 min

J&J’s Red River Talc unit made its filing in the U.S. Bankruptcy Court for the Southern District of Texas. J&J faces lawsuits from more than 62,000 claimants who alleged that its baby powder and other talc products were contaminated with asbestos and caused ovarian and other cancers. After being rebuffed twice by federal courts, New Brunswick New Jersey-based J&J is attempting again to end the litigation in a so-called “Texas two-step” bankruptcy. J&J said the Red River unit filed the bankruptcy case after it received support of about 83% of current claimants for the proposed bankruptcy plan. The goal is to use the proceeding to force all plaintiffs into one settlement, without requiring J&J itself to file for bankruptcy.

Persons: Reuters —, Johnson, J, Dietrich Knauth, Leigh Jones, Will Dunham, Sandra Maler, Shounak Dasgupta Organizations: Reuters, Johnson, Bankruptcy, Southern, Southern District of, Supreme, Purdue Locations: U.S, Southern District, Southern District of Texas, New Brunswick New Jersey, Texas, Bengaluru

☆ Three Mile Island nuclear plant to reopen — to power Microsoft's AI push
▼ + stars: | 2024-09-20 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Three Mile Island, the site of one of the US' worst nuclear disasters, may soon reopen. Constellation have struck a deal to give Microsoft energy to power its AI push. AI systems require huge amounts of energy to train and run, and tech giants are looking for new sources. AdvertisementA nuclear plant at the site of one of the worst nuclear disasters in US history may soon reopen to provide power for Microsoft's AI push. Constellation Energy has struck a deal to provide Microsoft with nuclear power for the next two decades by bringing part of the Three Mile Island nuclear plant back to service by 2028.

Persons: — Organizations: Constellation, Microsoft, Service, Constellation Energy, Pennsylvania, Business

☆ JPMorgan's Nishihara: Nikkei 225 to hit 40,000 by end of 2024
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJPMorgan's Nishihara: Nikkei 225 to hit 40,000 by end of 2024Rie Nishihara of JPMorgan Securities Japan explains her price target for the Nikkei 225, and discusses the three main drivers for Japan's equity markets - economic recovery, corporate governance and increased M&A momentum.

Persons: Rie Nishihara Organizations: Nikkei, JPMorgan Securities Japan

☆ RH is the biggest importer of Italian sofas in America, says CEO Gary Friedman
▼ + stars: | 2024-09-20 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRH is the biggest importer of Italian sofas in America, says CEO Gary FriedmanRH Chairman and CEO Gary Friedman joins 'Mad Money' host Jim Cramer to talk quarterly results, global growth, the state of the housing market and more.

Persons: Gary Friedman, Jim Cramer Locations: Italian, America

☆ My mom died when she was 48. I'm 46, and I'm worried I won't see my kids grow up.
▼ + stars: | 2024-09-20 | by ( Jason Keil | ) www.businessinsider.com time to read: +5 min

I felt a tremendous sense of guilt when my mother unexpectedly died on Christmas Eve in 2004 at the young age of 48. I think some of it stems from the guilt I've felt over her death. "But it's not a given that if your mom or dad died young, you're definitely going to die young." "Guilt is there because our culture does not provide children, especially young ones, with the reason why their parents died," she explains. Soon, she says, I will begin to realize that just because my mother died young doesn't mean I will, too.

Persons: didn't, I've, I'm, Jumoke Omojola, Omojola, doesn't Organizations: Service, Business, Social, National Institutes of Health Locations: Illinois, Kansas City , Missouri

☆ The US economy could get hit by a double whammy on September 30, if 2 major negotiations are not hammered out
▼ + stars: | 2024-09-20 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

Read previewSeptember 30 could be a consequential day for the US economy if two major negotiations don't get hammered out in time. Congress must pass a stopgap spending bill by the last day of this month to avoid a partial government shutdown. September 30 is also the deadline for the International Longshoremen's Association and several East Coast and Gulf Coast ports to strike a contract. A government shutdownThe rejection of Johnson's plan on Wednesday ratcheted up tensions in Congress as the September 30 deadline draws ever nearer. This would pause the strike while negotiations continued.

Persons: —, there's, Mike Johnson, Johnson, There's, Donald Trump, Mitch McConnell, Joe Biden, Taft, Hartley Organizations: Service, International Longshoremen's Association, Business, GOP, United States Maritime Alliance, Street, White House, Washington Post, Street Journal, Social Security, Medicare, Congressional, Office, International Longshoremen's, Retail Industry, Association Locations: East Coast, Gulf Coast, Maine, Texas, West Coast, RILA

☆ Boeing’s head of defense unit Ted Colbert to leave
▼ + stars: | 2024-09-20 | by ( Reuters | Cnn'S Chris Isidore | ) edition.cnn.com time to read: +2 min

Reuters —Boeing said on Friday that Ted Colbert, president and CEO of its defense, space and security unit will be leaving the company effective immediately. “I’d like to share that Ted Colbert, president and CEO of Boeing Defense, Space & Security (BDS), will be leaving Boeing, and that l’ve asked Steve Parker to temporarily oversee BDS, effective immediately, until a replacement for Ted is named at a later date,” Kelly Ortberg, Boeing’s president and CEO, said Friday in a statement. In the most recent quarter, Boeing’s Defense, Space & Security unit lost $913 million, up from the $527 million loss in the same period a year ago, after a narrow profit in the first quarter. But both the second quarter loss and the 2023 full-year loss were more than the company’s troubled commercial aircraft unit lost in the same periods. Boeing’s shares closed down about 1% on Friday and have lost about 41% so far this year.

Persons: Ted Colbert, Steve Parker, “, l’ve, Ted, ” Kelly Ortberg, ”, Utkarsh, Shounak Dasgupta Organizations: Reuters, Boeing, Boeing Defense, Space & Security, BDS, Boeing Company, Boeing’s Defense, & $ Locations: Bengaluru

☆ China's yuan jumps to 16-month high, state banks step in to curb gains
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: +2 min

China's yuan rose to its strongest level in nearly 16 months on Friday on bets that Beijing will unveil fresh economic stimulus following a jumbo U.S. rate cut, though gains were capped by dollar buying from Chinese state banks. The onshore yuan strengthened to as much as 7.0420 per dollar, the firmest level since May 24, 2023, on track for a six-session rising streak. The Fed cut rates by a larger than usual 50-basis-points on Wednesday. On Friday, China's major state-owned banks were seen buying dollars in the onshore market to prevent the yuan from appreciating too fast. Prior to the market opening, the People's Bank of China set the midpoint rate at 7.0644 per dollar, its strongest in nearly 16 months.

Persons: recouping, Zhiwei Zhang, Yang Fan Organizations: Citic Securities, People's Bank of Locations: Beijing, China, U.S, People's Bank of China

☆ Starbucks' new CEO — who lives 1,000 miles from HQ — will not tell employees what specific days to come into the office
▼ + stars: | 2024-09-20 | by ( Nora Redmond | ) www.businessinsider.com time to read: +1 min

Starbucks' new CEO, Brian Niccol, did not issue a new RTO mandate in his first address to employees. Niccol will commute from Newport Beach to Seattle using Starbucks' jet. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Niccol already has special permission to live at his current home in Newport Beach and commute 995 miles to Starbucks' headquarters in Seattle using the company's jet.

Persons: Brian Niccol, —, Niccol Organizations: Starbucks, Service, Bloomberg, Business Locations: Newport Beach, Seattle

☆ Goldman Sachs: Current valuations make Korea an attractive opportunity for investors
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs: Current valuations make Korea an attractive opportunity for investorsTimothy Moe of Goldman Sachs believes it’s only a matter of time before shareholders benefit from Korea's Value Up Program.

Persons: Goldman Sachs, Timothy Moe, it’s Locations: Korea

☆ Nike's incoming CEO will make $27 million — over $2 million less than his predecessor
▼ + stars: | 2024-09-20 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +1 min

Nike veteran Elliott Hill is returning to lead the company as its CEO, replacing John Donahoe. The company offered Hill $27 million in compensation, $2 million less than Donahoe's 2023 earnings. Go to newsletter preferences Thanks for signing up! AdvertisementNike has found a new leader, but they'll be paying him more than $2 million less than the salary of the company's outgoing CEO. On Thursday, the sports giant announced that Elliott Hill, a company veteran, will take over outgoing CEO John Donahoe on October 14.

Persons: Elliott Hill, John Donahoe, —, they'll Organizations: Nike, Hill, Service, Securities and Exchange, Business

☆ What TikTok ban? Advertisers, employees, and creators seem unfazed by its increasingly precarious future
▼ + stars: | 2024-09-20 | by ( Lara O'Reilly | Dan Whateley | ) www.businessinsider.com time to read: +6 min

A former Department of Justice attorney told Business Insider this week that the court seemed poised to rule against TikTok. AdvertisementMany TikTok creators appear unconcerned by the prospect of a ban. Others are fighting it: In May, a group of eight TikTok creators filed a lawsuit against the US government over the potential ban. TikTok users turn to the app for more than just entertainment. The current TikTok staffer told BI that they felt that advertisers were paying less attention to TikTok ban news as they've been busy gearing up for the holiday season.

Persons: —, it's, ByteDance, Daniel Openshaw, haven't, TikToker Alex Ojeda, aren't, They're, Emarketer, they've, Kantar, Gonca Organizations: Service, DC, Department of Justice, TikTok, Business, US, Tech, Jovena, Clutch, Expand, Brands, Pew Research Center, . Business, YouTube, Meta, Amazon Locations: Jovena Natal, New York, California, TikTok

☆ Yen nurses losses as BOJ meets, dollar dogged by rate outlook
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: +3 min

Japanese 10,000 yen, left, and US 100 dollar banknotes arranged for a photograph in Tokyo, Japan, on Friday, May 10, 2024. It has been a tough week for the yen, with the euro gaining 2.2% to 159.46 as speculators booked profit on recent long yen positions. The dollar was up 1.4% for the week at 142.84 yen , though off an overnight high of 143.95. "As such, there is scope to further raise the policy rate while keeping financial conditions accommodative," she said. "The recent financial market ructions and the upcoming Liberal Democratic Party election may make the BOJ more cautious about raising."

Persons: Samara Hammoud, Kazuo Ueda, Sterling Organizations: Bank of, U.S ., CBA, 25bp, Liberal Democratic Party, U.S Locations: Tokyo, Japan, Bank of Japan, Samara, China, U.S . Federal, Bank of England

☆ Jets vs. Patriots: Aaron Rodgers enjoys ‘really special night’ in big New York win
▼ + stars: | 2024-09-20 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

Rodgers defied his age in the win, moving around with ease and effectiveness as he evaded Patriots defenders and dissected New England’s defense with his throwing. Rodgers was serenaded throughout the game by the Jets faithful with chants of his name, and afterwards, the quarterback labeled Thursday a “really special night.”“I was feeling real good out there,” Rodgers told reporters. I felt like I was myself quite a few years ago.”Rodgers missed the majority of last season with a torn Achilles. Adam Hunger/APRodgers added when asked about returning to the field at MetLife Stadium: “I felt a really good calm about it, honestly, I didn’t think a whole lot about it. But in its third game of the season with the Super Bowl XLV champion at the helm, things appeared to click for New York.

Persons: Aaron Rodgers, Achilles, Rodgers, Allen Lazard, Garrett Wilson –, Wilson, ”, ” Rodgers, “, I’ve, Adam Hunger, Braelon Allen, Drake Maye, Maye –, Jacoby Brissett, Brissett, Maye Organizations: CNN, NFL, MetLife, New York Jet, New England Patriots, Patriots, Jets, AFC East Locations: New York, England

☆ Why Kamala Harris is heading to Georgia to speak about reproductive rights
▼ + stars: | 2024-09-20 | by ( Priscilla Alvarez | ) edition.cnn.com time to read: +4 min

A Georgia mother died in 2022 from a treatable infection due to delays to her medical care stemming from the state’s restrictive abortion law, nonprofit news outlet ProPublica reported. According to ProPublica, Miller’s family told a coroner she did not seek care because of laws around pregnancy and abortion. The family shared their story and engaged with the vice president in an emotional moment. The Harris campaign is hoping the political saliency of reproductive rights can help galvanize voters ahead of Election Day. Last week, the Harris campaign launched an abortion-focused ad, capitalizing on what officials said was a pivotal exchange between Harris and Trump.

Persons: Kamala Harris, “, Harris, Joe Biden’s, ”, Biden, Roe, Wade, Amber Nicole Thurman, ProPublica, Candi Miller, Miller’s, Thurman’s, Oprah Winfrey, Trump, Hadley Duvall Organizations: CNN, Democratic, Republican, Tennessee Republicans, Harris, New York Times, Siena College, Trump Locations: Georgia, Nashville, Florida, Arizona, North Carolina

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