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☆ Meet the 20-year-old Democrat running a multimillion-dollar PAC targeting Gen Z
▼ + stars: | 2024-10-29 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +3 min

“You need real young people,” said Austin, the founder of ForwardBlue. He says he’s devoted as much time as possible to politics since then, postponing college and deprioritizing typical adolescent activities. “I spent every minute I could after school volunteering for my state party, building websites for Democrats, doing whatever I could,” he said. What sets the group apart from other Democratic groups trying to reach young people is not just its message, Austin said, but how it delivers it. “The rent is too damn high,” Austin said, referring to a political moment that went viral when he was in first grade.

Persons: David Austin, ”, Austin, ” Austin, Donald Trump’s, he’s, “, they’re, Sen, John Fetterman, Kamala Harris, Joe Biden, can’t Organizations: Gen, Pennsylvania Democrat Locations: mom’s, Jersey, Pennsylvania, Maryland , Montana , Ohio, Wisconsin

☆ Israeli airstrike hits Gaza's Beit Lahia, Hezbollah names new leader after Knesset bans UNRWA
▼ + stars: | 2024-10-29 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Smith-Circle-Byline-Template.Jpg | Alexander Smith | ) www.nbcnews.com time to read: +4 min

It came hours after the Israeli parliament outlawed a key United Nations aid agency in a move that could throttle the supply of medicine, food and education in the devastated territory. Gaza airstrike kills dozensThe strike hit a five-story building in the northern city of Beit Lahia housing some 200 people, according to the Gaza government media office. The Israel Defense Forces did not immediately respond to a request for comment on Tuesday's airstrike from NBC News. The law bans UNRWA, the U.N.'s Palestinian aid agency, from operating inside Israel or having any contact with Israeli authorities. But Israel has long criticized UNRWA, alleging it has been infiltrated by Hamas and intensifying that pushback after Oct. 7.

Persons: —, Sheikh Naim Kassem —, Hassan Nasrallah, Kamal Adwan, It's, Philippe Lazzarini, Matthew Miller Organizations: Hezbollah, Palestinian Health Ministry, Health Ministry, Israel Defense Forces, NBC News, AFP, Getty, West Bank, UNRWA, State Locations: Gaza, Nations, Lebanon, Iran, Beit, Beit Lahia, Israel, United States, Washington, Canada, Australia, France, Germany, Japan, South Korea, Britain

☆ What's expected to get more and less expensive under Trump or Harris
▼ + stars: | 2024-10-29 | by ( Ayelet Sheffey | Brent D. Griffiths | ) www.businessinsider.com time to read: +10 min

Detailed below is what Harris and Trump have proposed to lower costs for Americans. AdvertisementWhile the pace of inflation has slowed, Americans continue to struggle with high prices at gas stations, grocery stores, and more. Those high prices have become a key issue for voters as the presidential election approaches. Both Donald Trump and Kamala Harris have outlined plans they say will lower costs for Americans through various policies. "If you were to try and cut down grocery prices today, there's no state of emergency.

Persons: Harris, Trump, —, Donald Trump, Kamala Harris, Tim Walz, Taylor Rogers, Dan Scheitrum, Scheitrum, it's, Rogers, Biden, Sen, JD Vance, Ohio Organizations: Service, Business, Democratic, Minnesota, Republican National Committee, Pew Research Center, California Polytechnic State University, Trump, Tax, Economic, of New, RNC, Census, Center, GOP, Gas, Biden, House, Strategic Petroleum Reserve Locations: America, Pennsylvania, Trump's, Las Vegas, of New York

☆ Jim Cramer says buy Stanley Black & Decker's post-earnings plunge 'aggressively'
▼ + stars: | 2024-10-29 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Stanley Black & Decker stock plunged Tuesday on the company's quarterly earnings release — a move Jim Cramer said investors should capitalize on. As the Federal Reserve continues to lower borrowing costs, activity in the housing market should pickup, boosting demand for Stanley Black & Decker's tools. "If you believe the rate cycle is coming, that's the stock to buy," Jim added. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Stanley Black & Decker power drills are displayed for sale at a Home Depot store in Colma, California.

Persons: Stanley Black, Jim Cramer, Jim, Decker, we're, Jim Cramer's, David Paul Morris Organizations: Federal Reserve, CNBC, Bloomberg, Getty Locations: U.S, Colma , California

☆ At 26, I set off on a yearlong adventure to South America. It's been 6 years, and I have no plans to leave.
▼ + stars: | 2024-10-29 | by ( Sinead Mulhern | ) www.businessinsider.com time to read: +7 min

She saved up for a yearlong adventure in South America, planning to move back to Canada at the end. AdvertisementI often think back to the day I arrived in Cuenca, Ecuador, the Andean city that accidentally became my home. It was 2018, I was 27, and halfway into what was intended to be a yearlong adventure in South America. But as the years passed, the city felt too fast-paced, I was stressed out, and everything was expensive. When I returned home, my life felt limited, and I wanted what she had.

Persons: Sinead Mulhern, —, it's, I'm, I've, everyone's, El Mercurio Organizations: Service, UNESCO, North Locations: Toronto, South America, Canada, Cuenca, Ecuador, Colombia, Quito, Yunguilla

☆ How the stock market is likely to react to the election outcome
▼ + stars: | 2024-10-29 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The SPDR S & P Regional Banking ETF (KRE) has jumped nearly 5% since the fourth quarter began on Oct. 1, while the S & P 500 is ahead a little more than 1%. In the event of a Trump win but with a divided Congress, the S & P 500 is likely to remain flat in the days following the election, Emanuel wrote. Evercore ISI expects the S & P 500 falling in the 10 days after the election, to roughly 5,700, as markets re-price their expectations. 3Fourteen Research co-founder Pies expects a Harris win would translate into a drop in cyclical and small-cap stocks, and spur investors to turn to high-quality tech names. However, a Harris win, with a split Congress, is an outcome that could spur a drop in the S & P 500 immediately after the election, down to about 5,525, according to Evercore ISI.

Persons: Stocks, Donald Trump, Kamala Harris, Mike Mullaney, Trump, Harris, Julian Emanuel, Warren, CNBC's, Emanuel, Evercore, Jeff Schulze, Evercore ISI's Emanuel Organizations: U.S, Nasdaq, NBC, Boston Partners, Treasury, Trump, Republican, Regional Banking, Evercore ISI, 3Fourteen Research, Democratic, ClearBridge Investments, ISI

Donald J. Trump @realDonaldTrump americanthinker.com/blog/2024/... www.americanthinker.com The real reason Boeing is in the news In short, China wants Boeing out. Inside Trump’s Truth Social Conspiracy Theory Machine An analysis of Donald Trump’s Truth Social posts reveals the paranoid and unfounded content the former president creates and amplifies each day. In addition to the posts themselves, the analysis zeroed in on the 170 Truth Social accounts that Mr. Trump had amplified on the platform. A spokeswoman for Truth Social did not answer questions from The Times about the company’s policies on conspiratorial content and the accounts that spread it. From July to September, Truth Social received an average of about 4.7 million unique monthly visitors, according to the web analytics firm Similarweb.

Persons: Donald Trump, Donald J, Trump, Biden, Trump baselessly, JOE BIDEN, Donald Trump’s, Trump’s, ”, Joseph Uscinski, George Soros, globalist, Harris, Mr, Kamala Harris, Hurricane Helene, Crooked Joe Biden, Hunt, be us, HAP E, OR F, REGIS, ony Biden, ree, Joe, O., asser t, ruth Socia, Soros, Harri, MAGA, ruth e, ange, ron y m “NCSW, “He, accou, SOROS, ruth S, ove, uther, tim e, y., the 2020, ravi, orme Organizations: Trump, “, OPEN, PLAN ”, Mr, Boeing, FOX, WIN, Truth, Times, The Times, Social, University of Miami, Democratic Party, Democratic, Federal Emergency Management Agency, Justice Department, White, DOJ, UF, UT, ims, acc Locations: China, York, ”, Nord, Ukraine, Hurricane, America, ife, Abo, TIR

☆ Tuesday, October 29, 2024: Cramer says buy this toolmaker's stock after a downgrade
▼ + stars: | 2024-10-29 | by ( ) www.cnbc.com time to read: 1 min

Tuesday, October 29, 2024: Cramer says buy this toolmaker's stock after a downgradeJim and Jeff discuss the share drop of this retail stock. They also explain why they trimmed this manufacturing stock. Finally, they discuss the key levels they're watching for this housing stock.

Persons: Cramer, Jeff

☆ Jim Cramer explains how rising bond yields could dampen the market's rally
▼ + stars: | 2024-10-29 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday lamented rising bond yields' effect on the market, saying this action could narrow the rally to tech and diminish broader sector gains. Some on Wall Street were expecting bond yields to decline after the Federal Reserve issued a hefty 50-basis-point cut and indicated there would be more to come over the next several months. Cramer said investors are drawn back to tech stocks as higher rates complicate the growth narratives for economically sensitive corners of the market. In recent months, investors were hoping that lower borrowing costs would help companies — such as those in the industrial sector and other housing-related areas — see an increase in business and, by extension, their stock prices. "If [the bond market] doesn't stop its retreat, then we're going to start questioning the idea that the Fed will keep cutting rates, ushering in a fabulous economy for 2025," Cramer said.

Persons: CNBC's Jim Cramer, Cramer Organizations: Federal Reserve, Dow Jones, Nasdaq

☆ Mortgage rates will be high throughout 2025 even as the Fed lowers borrowing costs, Goldman Sachs says
▼ + stars: | 2024-10-29 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Mortgage rates will remain above 6% throughout 2025, Goldman Sachs said. In the bank's 2025 Housing Outlook, the analysts forecast mortgage rates will remain elevated, even as the Federal Reserve cuts interest rates. They expect mortgage rates to stay above 6% next year and end 2025 at 6.1%. "Our strategists expect mortgage rates to remain elevated for the foreseeable future," the analysts, led by Jan Hatzius, said in a Monday note. AdvertisementThey pointed to a variety of technical factors, including lower rates volatility and a rebound in demand for mortgage-backed securities that will help close the gap between risk-free rates and mortgage rates.

Persons: Goldman Sachs, —, Freddie Mac, Jan Hatzius Organizations: Analysts, Service, Federal Reserve, Treasury

☆ AMD's post-earnings slide is a buying opportunity. Here's why
▼ + stars: | 2024-10-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Bottom line The main part of our AMD thesis — fast-growing sales of its MI300 AI chips — is still on track, so we view the post-earnings pullback as a buying opportunity. Given how integral these AI chips are to AMD's growth, we were pleased management on Tuesday night raised its full-year sales projections to exceeding $5 billion. Another factor: AMD's chips passed some performance milestones with customers, Su said. We believe Su's AI roadmap — outlined at its AI event earlier this month — will lead to significant sales growth in 2025 and thereafter. Quarterly commentary Sales in AMD's all-important data-center segment came in $3.55 billion, exceeding estimates and more than doubling year over year.

Persons: We're, Lisa Su, Su, couldn't pare, Jim Cramer, —, Jim Cramer's, Jim Organizations: AMD, Nvidia, Intel, Club, Broadcom, ZT Systems, CNBC, Dell Technologies, Microsoft, Meta, Revenue, Visitors, Congress, Nurphoto, Getty Locations: AMD's, —, Shanghai, China

☆ Southport attack: Teen charged with girls’ murder at UK dance class facing terrorism charge, prosecutors say
▼ + stars: | 2024-10-29 | by ( Lauren Kent | Lauren Said-Moorhouse | ) edition.cnn.com time to read: +3 min

London CNN —The teenager charged with the murder of three young girls in a July stabbing attack at a dance class in northwest England will face a terrorism charge, British prosecutors announced Tuesday. The new charges he faces in relation to the attack in the town of Southport, England, are in addition to three charges of murder, 10 charges of attempted murder and one charge of possession of a knife. “Searches of Axel Rudakubana’s home address resulted in an unknown substance being found – testing confirmed the substance was ricin,” Kennedy told reporters at a news conference. The attack on July 29 has not been declared a terrorist incident, the police chief said. The matter for which Axel Rudakubana has been charged with under the Terrorism Act does not require motive to be established.

Persons: Axel Rudakubana, – Bebe King, Elsie Dot Stancombe, Alice da Silva Aguiar –, Taylor Swift, Constable Serena Kennedy, “, Axel Rudakubana’s, ” Kennedy, ” Dr, Renu, ” Bindra, CNN’s Helen Regan, Maija Ehlinger Organizations: London CNN, United, Service, UK Health Security Agency Locations: England, Westminster, videolink, Southport, Merseyside

☆ We're making a flurry of trades: Buying 2 beaten-up stocks, taking profits in another
▼ + stars: | 2024-10-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

We're also buying 25 shares of Danaher at roughly $243.21 and 25 shares of Constellation Brands at $236.36. We're locking in profits in Best Buy based on a theme developing this earnings season. We're taking the Best Buy sale proceeds to pick up shares in two stocks that have been beaten up post-earnings: Danaher and Constellation Brands. As noted in Monday's Homestretch , Danaher stock last week suffered its worst weekly performance since 2020. NEW YORK, NEW YORK - OCTOBER 16: Traders and others work on the New York Stock Exchange (NYSE) floor in New York City.

Persons: Jim Cramer's, We're, D.R, toolmaker Stanley Black, Danaher, Jim Cramer, Jim, Spencer Platt Organizations: Constellation Brands, Club, Corona, Constellation, CNBC, NEW, Traders, New York Stock Exchange, Getty Locations: Danaher, Horton, Monday's, bioprocessing, Modelo, Mexico, New York City

☆ Here are Tuesday's biggest analyst calls of the day: Apple, Netflix, Tesla, Meta, Uber, Amazon, Walmart, First Solar & more
▼ + stars: | 2024-10-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are the biggest calls on Wall Street on Tuesday: Evercore ISI reiterates Amazon as overweight Evercore says it's sticking with the stock ahead of earnings later this week. Evercore ISI reiterates Uber as overweight Evercore says it's bullish on Uber heading into earnings on Thursday. Janney upgrades First Solar to buy from neutral Janney says the solar company is attractive ahead of earnings on Tuesday afternoon. " Evercore ISI reiterates Meta as overweight Evercore says it's sticking with Meta ahead of earnings on Wednesday. Barclays reiterates Tesla as equal weight Barclays raised its price target on the stock to $235 per share from $220.

Persons: Evercore, Uber, it's bullish, Janney, Goldman Sachs, Ford, Goldman, Wells, Tesla, Morgan Stanley, Bernstein, TD Cowen, Cowen, it's, Mizuho, Stephens, ROA, Guggenheim, HOOD, we've Organizations: Ford, CTV, APP, Citi, Apple, Apple Intelligence, Barclays, Walmart, Mizuho, Netflix, Guggenheim, Six Flags Entertainment Locations: Mexican, Brazil, Mexico, China, U.S

☆ We upgraded Stanley Black & Decker stock despite the post-earnings selling
▼ + stars: | 2024-10-29 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Stanley Black & Decker reported mixed quarterly results before Tuesday's opening bell, and the stock got whacked. SWK YTD mountain Stanley Black & Decker YTD Shares of Stanley Black & Decker consolidated around an 8% decline after the release. We upgraded Stanley Black & Decker on Tuesday morning back to our buy-equivalent 1 rating on the belief the stock reaction to the print was overdone. Stanley Black & Decker Why we own it: Stanley Black & Decker is in the later innings of a multi-year restructuring plan. To honor the occasion, Donald Allan, Jr., President & CEO of Stanley Black & Decker, joined by Chris Taylor, NYSE Global Head of Advisory, rings the Opening Bell®.

Persons: Stanley Black, Decker, Stanley, Donald Allan, we're, Allan, —, Jim Cramer's, Jim Cramer, Jim, Donald Allan , Jr, Chris Taylor Organizations: Revenue, Stanley Black, Treasury, Federal, Bosch, Techtronic Industries, Management, CNBC, The New York Stock Exchange, NYSE Global Locations: Dewalt, Europe

☆ China is eyeing $1.4 trillion in fiscal stimulus and even more if Trump is elected, report says
▼ + stars: | 2024-10-29 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

China is considering a fresh $1.4 trillion stimulus, Reuters reported. The package could be approved next week and would increase in size if Trump wins the election. The large fiscal stimulus would be increased if Republican nominee and former President Donald Trump wins the US election, the report says. The remaining 4 trillion yuan would be raised by local government bonds and put toward idle land and property purchases, the sources told Reuters. AdvertisementIf Trump is elected, the stimulus package could be higher due to the economic challenges Trump's policies would pose for China, the sources told Reuters.

Persons: Trump's, —, Donald Trump, Trump, he's, Goldman Sachs Organizations: Reuters, Trump, Service, Republican, National People's Congress, China, Wall Locations: China, Beijing

The comedian who let loose a series of racist jokes, some about Puerto Rico, at former President Donald Trump’s Madison Square Garden rally on Sunday night workshopped the material the night before at a local comedy club. I love Puerto Rico and vacation there." There, Puerto Rican voters stand to be a deciding electorate. More than half of the nearly 580,000 eligible Latino voters in Pennsylvania are of Puerto Rican descent. The Republican Party of Pennsylvania is leading efforts to engage Latino and Puerto Rican voters in the state.

Persons: Donald Trump’s, Tony Hinchcliffe, Hinchcliffe, Trump, Vianca Rodríguez, Danielle Alvarez’s, ” Hinchcliffe, Hurricane Maria, Rafael Collazo, Puerto Ricans, Kamala Harris, Harris, Collazo, ”, Bunny, Marc Anthony, Trump “, Maria, “, Donald Trump, Peter W, Stevenson, Jennifer Lopez, Ricky Martin, Lin, Manuel Miranda, “ Despacito, Luis Fonsi, María Elvira Salazar, Sen, Rick Scott, Jenniffer González Organizations: New, Trump, NBC, Noticias Telemundo, Republican National Committee, Puerto Rico, Hurricane, Puerto Rican, Puerto Ricans, Mexican, Puerto, Reading, of Housing, Urban Development Office, Madison, Washington, Getty, Michigan, Latino, Politics Institute, UCLA, Republican Party of Pennsylvania, Republican Party, GOP Locations: Puerto Rico, New York City, Madison, Spanish, Puerto, Puerto Rican, U.S, Pennsylvania, Philadelphia, New York, America

☆ 3 dead in pair of shootings at Minneapolis homeless camps that police say may be linked
▼ + stars: | 2024-10-28 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +3 min

Two shootings at separate homeless encampments in Minneapolis that killed three people and wounded three others over the weekend are possibly connected, police said. “This is the second triple shooting at two separate homeless encampments in two days,” police said. Police on Monday afternoon said there have been no arrests in the encampment shootings. Minneapolis Mayor Jacob Frey told the media that, while violent crime is going down in areas of the city, violence in and near homeless encampments has escalated. "MPD continues to address crime related issues associated with homeless encampments and the city continues to offer resources.," O'Hara said.

Persons: Jacob Frey, ” Frey, Deven Leonard Caston, Caston, Brian O’Hara, ”, O'Hara Organizations: Minneapolis Police Department, MPD, Police, Minneapolis, Centers for Disease Control, Hennepin County Medical, Minneapolis Police Locations: Minneapolis, Hiawatha, Snelling, Hennepin County

☆ Oil sell-off fuels stock gains — plus, AMD earnings loom and CrowdStrike counters Delta lawsuit
▼ + stars: | 2024-10-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. We would be surprised if CEO Lisa Su provided 2025 AI chip sales guidance. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Lisa Su, Raymond James, George Kurtz, Delta, Stanley Black, Decker, Hubbell, Jim Cramer's, Jim Organizations: CNBC, ., West Texas, AMD, Intel, Air Lines, Microsoft, Atlanta, Ford Motor, Cadence Design Systems, Corp, PayPal, Pfizer, Royal Caribbean Cruises, Jim Cramer's Charitable Locations: Israel, Corning

☆ Though still grieving, Matthew Perry’s loved ones are turning his death into a legacy of helping others
▼ + stars: | 2024-10-28 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +12 min

NBC/Getty Images Perry, pictured circa 1985, developed an interest in acting after moving to Los Angeles when he was a teen. Michael Ochs Archives/Moviepix/Getty Images Perry and Christina Applegate were cast in the 1988 made for TV teen movie "Dance 'til Dawn." NBC/Getty Images Perry and Cox appear on "The Tonight Show with Jay Leno" in 1996. NBC/Getty Images Perry co-stars with Salma Hayek in the 1997 romantic comedy film "Fools Rush In." So it’s a thing that helps on these tough days.”‘Cherish every moment’(From left) Matthew Perry and Yvette Nicole Brown on 'The Odd Couple.'

Persons: Matthew Perry, “ It’s, ” Perry’s, Caitlin Morrison, Morrison, Suzanne Morrison, Perry’s, Keith Morrison, ”, Perry, “, ’ ”, Brian Murray, Cara Vaccarino, ‘ He’s, Chandler Bing, Michael Ochs, Christina Applegate, Martha Plimpton, Matt LeBlanc, Lisa Kudrow, David Schwimmer, Courteney Cox, Jennifer Aniston, Cox, Jay Leno, Salma Hayek, Michael Clarke Duncan, Warner, Monica, Danny Feld, Joe Quincy, Amy Stewart, Richard Schiff, Milo O'Shea, Kelly Reilly, Toby Melville, Reuters Perry, Merv Griffin, Jean, Paul Aussenard, LeBlanc, Mark J, Terrill, John Inwood, Zach Braff, John C, McGinley, Mitch Haddad, Amanda Peet, Bruce Willis, Everett, Chris Pizzello, Phil McCarten, Tom Williams, Lindsay Sloane, Michael Yarish, Ted Kennedy, James Corden, Terence Patrick, Julia Weeks, Matt Brennan, Dania Maxwell, Matthew, Oscar Madison, Lisa Kasteler, Doug Chapin –, –, Chapin, Kasteler, Matthew hadn’t, he’d, ” Kasteler, I’ll, Kasteler –, Wolf Kasteler, we’re, Yvette Nicole Brown, Monty Brinton, ” castmates, Aniston, castmates, Thomas Lennon, Brown, ‘ Yvette, ” Perry Organizations: CNN, Dateline, Matthew, Matthew Perry Foundation of Canada, NBC, Getty, Michael Ochs Archives, Limelight, ABC, Disney Entertainment, Columbia, Warner Brothers, Bank, Comedy Theatre, Reuters, Merv Griffin Beverly Hills Country, Actors Guild, Guild of America, Los Angeles Dodgers, Capitol, National Association of Drug, Inc, CBS, Los Angeles Times Festival of, Los Angeles Times, Palisades, Los Angeles Medical, Matthew Perry Foundation, National Philanthropic Trust Locations: Los Angeles, Williamstown , Massachusetts, New York City, British, Chicago, London, Canada, California

☆ China's muted response to the Russia-North Korea alliance could come at a cost
▼ + stars: | 2024-10-28 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +6 min

AdvertisementWith North Korean forces believed to be moving toward Russia's front lines, fears are growing that the Ukraine war is about to enter a new phase. Around 3,000 North Korean soldiers arrived in Russia last week, according to US, South Korean, and Ukrainian intelligence. The reports signaled a deepening military alliance between Russia and North Korea — an alliance that has been met with a muted response from China. AdvertisementThe bland statement may have been aimed at balancing its influence over North Korea and Russia with its relationship with Ukraine's Western allies. For North Korea, China has long been its most important ally, providing trade, diplomatic support, and military aid to Kim Jong Un.

Persons: —, Ukraine's, Bruce Klingner, Kim Jong Un, Ali Wyne, Sari Arho Havrén, Trump, Ann Marie Dailey Organizations: Service, Council, Foreign Relations, European Union, EU, Bank, China, Heritage Foundation, North, Royal United Services Institute, RAND Locations: China, Russia, Ukraine, South, North Korea, EU, Beijing, North, Eurasia, Korea

☆ Home Depot is both a secular and cyclical stock, Jim Cramer says
▼ + stars: | 2024-10-28 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday suggested that home improvement retailer Home Depot acts as a secular and cyclical stock, able to both grow independently of the business cycle and flourish when the economy is doing well. "The company's secular characteristics carry it through the cyclical pain, so even if the Fed doesn't move with alacrity to cut rates, Home Depot will still win." Lower interest rates tend to improve the housing market, which normally bodes well for housing-related stocks like Home Depot. "Now you could argue that this is an unusual moment, but historically, it's actually not that unusual for Home Depot," he said. "There's a boom and bust portion of the business, but for most of that period since 1981, it kept growing regardless."

Persons: CNBC's Jim Cramer, Cramer, it's Organizations: Depot Locations: U.S

☆ As the housing affordability crisis deepens, Airbnb and Vrbo face backlash
▼ + stars: | 2024-10-28 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

CNN —It’s been more than six years since Irvine, California, banned short-term rentals — and the city’s mayor hasn’t looked back. “I certainly don’t think it’s a major driver of the housing affordability crisis,” Nieuwerburgh said. “The reality is that there just simply aren’t enough short-term rentals out there to really make a difference,” Yedinsky said. In Irvine, although Mayor Khan said the ban had been well received, Irvine’s housing affordability issues aren’t yet solved. Each Airbnb or other short-term rental host must pay a fee to the city to operate as a short-term rental business.

Persons: CNN — It’s, hasn’t, “ It’s, ”, Farrah Khan, ” Irvine, Michael Seiler, College of William & Mary, “, ” Theo Yedinsky, Stijn Van Nieuwerburgh, ” Nieuwerburgh, I’m, Airbnb, ” Yedinsky, ” Vrbo, Sieler, Khan, ” Khan, “ We’re, —, Dan Enright, ” Enright, Enright Organizations: CNN, College of William &, Public, Research, Harvard Business, Columbia University, Telluride Locations: Irvine , California, Irvine, Orange County, Telluride, Colorado’s Rocky, Virginia, New York City

☆ A Trump rally speaker insulted Puerto Rico. Now its most powerful stars are backing Harris.
▼ + stars: | 2024-10-28 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

A comedian told a Trump rally on Sunday that Puerto Rico is "a floating island of garbage." Puerto Rican celebrities, including Jennifer Lopez, responded by showing support for Kamala Harris. I think it's called Puerto Rico." At Trump’s Madison Square Garden rally, podcast host and comedian Kill Tony referred to Puerto Rico as a “floating island of garbage,” during his set. pic.twitter.com/txE3UD0QVE — Yashar Ali 🐘 (@yashar) October 27, 2024The comment angered Puerto Rican celebrities.

Persons: Jennifer Lopez, Kamala Harris, —, Ricky Martin, Donald Trump, Tony Hinchcliffe, Tony, Yashar Ali 🐘, inger, ehind, lear, eople., everly Organizations: Trump, Service, Puerto, Madison Locations: Puerto Rico, Rican, Puerto Rican, New York City, Trump’s, iews,, ath

☆ Stock futures are little changed as Wall Street awaits labor data and more earnings: Live updates
▼ + stars: | 2024-10-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during morning trading in New York City. Stock futures are muted Monday night as investors readied for employment data and closely followed corporate earnings releases. S&P 500 futures and Nasdaq 100 futures were also both little changed. Those moves come after a winning session on Wall Street for the three major indexes. Traders will keep an eye on earnings reports from major companies due on Tuesday as the busiest week of this earnings season continues.

Persons: Dow, Adam Crisafulli, McDonald's Organizations: New York Stock Exchange, Stock, Dow Jones Industrial, Nasdaq, Ford Motor, Corp, Traders, Pfizer Locations: New York City, Israel, Iran

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