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☆ Is this the deal to end Boeing’s crippling 7-week strike?
▼ + stars: | 2024-11-01 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +10 min

New York CNN —More than 30,000 Boeing workers will vote again Monday on whether or not to end a crippling seven-week strike. The deal is not significantly different from an offer rejected by nearly two-thirds of membership just over a week ago. And it happened 10 years ago at Boeing, when about two-thirds of members rejected an offer that ended the pension plan. Despite its many problems, Boeing is a major force in America economy, and it is the largest American exporter. Ending the strike is important for Boeing’s new CEO, Kelly Ortberg, who started in the job just five weeks before the strike began.

Persons: it’s, ”, “, John Deere, “ It’s, Brandon Felton, we’ve, Jon Holden, haven’t, ” Holden, you’ve, ’, hasn’t, Lindsey Wasson, Holden, What’s, Max fuselages, David Ryder, they’ve, Kelly Ortberg, Ortberg, “ Ortberg Organizations: New, New York CNN, Boeing, International Association of Machinists, Labor, ” Union, United Auto Workers, CNN, IAM, ”, Anderson Economic Group, Anderson, Reuters, Alaska Airlines Locations: New York, Michigan, Seattle, America

☆ Oil climbs more than $1 per barrel on reports Iran preparing to strike at Israel
▼ + stars: | 2024-11-01 | by ( ) www.cnbc.com time to read: +3 min

Oil prices extended gains on Friday, climbing more than $1 a barrel to pare weekly losses, as geopolitical tensions in the Middle East rose following reports that Iran was preparing a retaliatory strike on Israel from Iraq in the coming days. Brent crude futures , which have rolled to the January contract, climbed $1.31, or 1.80%, to $74.12 a barrel by 0128 GMT. U.S. West Texas Intermediate crude futures rose $1.35, or 1.95%, to $70.61 a barrel after settling up 0.95% in the previous session. Oil prices were also supported by expectations that OPEC+ could delay December's planned increase to oil production by a month or more, four sources close to the matter told Reuters on Wednesday, citing concern about soft oil demand and rising supply. The world's largest oil producer pumped a monthly record high of 13.4 million barrels per day in August, EIA said.

Persons: Axios, Monday's, Tony Sycamore, Sycamore Organizations: Brent, . West Texas, U.S, Reuters, NPC, Energy Information Administration, EIA Locations: pare, Iran, Israel, Iraq, Sydney, Middle, U.S, China

☆ What a potential Harris administration could actually do to protect abortion access
▼ + stars: | 2024-11-01 | by ( Annie Nova | ) www.cnbc.com time to read: +8 min

Democratic presidential nominee Vice President Kamala Harris speaks during a campaign rally at Shell Energy Stadium in Houston, Texas, Oct. 25, 2024. But what could Harris actually do to support abortion access in a post-Roe landscape? Even so, she said, a Harris administration could increase the availability of medication abortions and, crucially, it could fight Republican and activist attempts to further limit reproductive rights. A Harris administration would not enforce the Comstock Act, a controversial federal law passed in 1873 that bans the mailing of obscene matter. "A Harris administration wouldn't be able to change what the Supreme Court is saying, but it could de-prioritize those prosecutions," Ziegler said.

Persons: Kamala Harris, Justin Sullivan, Roe, Wade, Harris, Republican Donald Trump, Alina Salganicoff, Salganicoff, Donald Trump, Olivier Douliery, Mary Ziegler, Ziegler, it's, Jonathan Ernst, Reuters Harris, Kevin Wang, Comstock, wouldn't, Biden, Jeff Kowalsky Organizations: Democratic, Shell Energy, Getty, White, NBC, Republican, Trump, New York Times, Republicans, Washington , D.C, Afp, Wisconsin Public Radio, Supreme, Reuters, Guttmacher Institute, Wisconsin's Madison South Health Center, U.S . Department of Justice, DOJ, Labor, Northwest Activities Center, AFP Locations: Houston , Texas, U.S, Washington, Women's, Washington ,, KFF, Detroit

☆ Exxon CEO on U.S. election: 'Not sure how drill, baby, drill translates into policy'
▼ + stars: | 2024-11-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

The outcome of the U.S. presidential election on Nov. 5 won't affect oil production levels in the short- to medium term, Exxon CEO Darren Woods told CNBC on Friday. Former President Donald Trump has called for unconstrained oil and gas production to lower energy prices and fight inflation, boiling his energy policy down to three words on the campaign trail: "Drill, baby, drill." "I'm not sure how drill, baby, drill translates into policy," Woods told CNBC's "Squawk Box" Friday after the largest U.S. oil and gas company reported third-quarter results. Woods said U.S. shale production does not face constraints from "external restrictions." The U.S. has produced record amounts of oil and gas during the Biden administration.

Persons: Darren Woods, Donald Trump, Woods, CNBC's, Biden, Wood Organizations: U.S, Exxon, CNBC, Energy Information Administration Locations: U.S, Saudi Arabia, Russia, of Mexico

☆ Two parties, two very different closing arguments: From the Politics Desk
▼ + stars: | 2024-10-31 | by ( The Politics Desk | ) www.nbcnews.com time to read: +10 min

Welcome to the online version of From the Politics Desk, an evening newsletter that brings you the NBC News Politics team’s latest reporting and analysis from the campaign trail, the White House and Capitol Hill. Closing arguments in battle for Congress focus on abortion and immigrationBy Bridget BowmanBoth parties are zeroing in on very different issues as they make their closing arguments to voters in the battles that will determine control of the closely divided House and Senate. Meanwhile, immigration is the top topic in Republican ads, followed by Vice President Kamala Harris, taxation, President Joe Biden, and candidate character. Jon Tester and Sherrod Brown are looking to win over voters who will likely be supporting former President Donald Trump. Follow live updates from the campaign trail →That’s all from the Politics Desk for now.

Persons: Bridget Bowman, Jonathan Allen, Katherine Doyle, Donald Trump, Kamala Harris, Joe Biden, Democratic Sens, Jon Tester, Sherrod Brown, Read, Bridget →, Henry J, Gomez, Ali Vitali, Brown, Barack Obama, Republican Bernie Moreno, Jon Ossoff, David Perdue, Moreno, MAGA, Donald Trump Jr, Sen, Lindsey Graham, Henry, Ali → Harris, Trump, Yamiche Alcindor, Megan Lebowitz PHOENIX, Donald Trump’s, “, ” Harris, ” Trump, ”, ” “, ’ I’m, → Trump, Katherine Doyle Donald Trump, Virginia —, haven’t, —, Harris, Hal e y on, lon Musk tran, lea Organizations: NBC, White House, Capitol, White, Abortion, Democratic, Bridget → Buckeye, Republican, Senate, NBC News, Trump, GOP, North Carolina —, Electoral College, idate Dav, McC Locations: Montana and Ohio, Ohio, Green Bay , Wisconsin, New Mexico, Virginia, New Hampshire, Pennsylvania, Michigan , Wisconsin , Arizona , Nevada , Georgia, North Carolina, Georgia , Arizona, Wisconsin, York, Florida

The cheese, worth over $390,000, was taken from London cheese specialist Neal’s Yard Dairy on Oct. 21, the company said in an Instagram post. Three cheeses from three different suppliers were stolen: Hafod Welsh organic cheddar, Westcombe cheddar, and Pitchfork cheddar. Neal's Yard Dairy said that "despite the significant financial blow," they've paid each of their artisan cheesemakers in full for their products. Oliver said that as the world’s most consumed cheese type, a cheddar theft affects exports to 20 different countries. The whereabouts of the stolen cheese have yet to be determined.

Persons: they'd, they've, Tom Calver, Westcombe, Trethowan, Trethowan Brothers, Jamie Oliver, Oliver Organizations: Metropolitan Police, Neal’s, Pitchfork, Neal's, Police Locations: London, cheddar, gouda

☆ L.A. Dodgers win World Series and Trump targets blue states in the campaign's last days: Morning Rundown
▼ + stars: | 2024-10-31 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +8 min

Another Trump campaign official said that if it is going to a state, it’s because the campaign sees movement there. Los Angeles Dodgers win the World SeriesThe Los Angeles Dodgers celebrate as they defeat the New York Yankees 7-6 in Game 5 to win the World Series on Oct. 30. This marks the Dodgers’ second World Series in the last five years. More World Series coverage:Ohtani is a national hero across Japan — and especially in his rural hometown , where fans gathered for a World Series watch party to witness the “once-in-a-century” talent. , where fans gathered for a World Series watch party to witness the “once-in-a-century” talent.

Persons: Donald Trump, Kamala Harris, hasn't, Trump, Harris, Joe Biden, ➡️ Trump, Nicky Jam backtracked, Nikki Haley, ➡️ Haley, ➡️, ”, Elon Musk, Elon, Musk, hasn’t, Donald Trump’s, Freddie Freeman, Shohei Ohtani, Mookie Betts, Eric Baculinao, — Evan Bush, “, Elizabeth Robinson Organizations: Los Angeles Dodgers, GOP, Trump, Puerto, Elon Musk, Twitter, New York Yankees, Getty, Yankees, Dodgers, New York, NBC Locations: New Mexico, New Mexico . Virginia . New Hampshire, They're, Albuquerque , New Mexico, Phoenix, Reno, Las Vegas, Wisconsin, Madison, York, Pennsylvania, Puerto Rico, New, Los Angeles, Japan, Spain, Europe, Jiangmen, Guangdong province, China, Beijing

In the vast majority of independent surveys in New Mexico, Virginia and New Hampshire in recent weeks, Trump has trailed by more than 5 points. A second Trump campaign official who was granted anonymity to speak freely said that if it is going to a state, it’s because the campaign sees movement there. Since 2020, states like Arizona have shown rightward movement that potentially bodes well for Trump, Blair said. Trump doesn't have time to waste at this stage of the race, the second campaign official said. Both spoke at Trump's New York rally, and Gabbard joined Trump days earlier in North Carolina, a swing state.

Persons: Donald Trump, Virginia —, haven't, —, Trump, Kamala Harris, Kamala, Harris, James Blair, Blair, it's, Robert F, Kennedy Jr, Tulsi Gabbard, Joe Biden, Gabbard, ” Blair, ” Organizations: GOP, Trump, New, North Carolina —, Electoral College, Fox News, Republican Party, Trump's New Locations: New Mexico, Virginia, New Hampshire, Albuquerque , New Mexico, . New Hampshire, Pennsylvania, Michigan , Wisconsin , Arizona , Nevada , Georgia, North Carolina, Georgia , Arizona, Wisconsin, York, Florida, Albuquerque, Salem , Virginia, Arizona, New England, Omaha , Nebraska, Trump's New York

☆ How Elon Musk turned X into a pro-Trump echo chamber
▼ + stars: | 2024-10-31 | by ( David Ingram | David Ingram Is A Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +7 min

And in recent months, Musk has become one of Trump’s biggest donors and most energetic supporters, turning X into an unofficial house organ for his campaign. On Tuesday, Musk promoted an X Community — a large group of users — called the Election Integrity Community, which was created by his super PAC, America PAC. Musk and X did not respond to requests for comment. Musk has personally boosted many of them, such as @libsoftiktok and the account of conspiracy theorist Laura Loomer, who was suspended from Twitter before Musk bought it. Musk is the CEO of Tesla and SpaceX, but X may be his highest-profile political asset.

Persons: Elon Musk, ” Musk, hasn’t, Donald Trump’s, Trump, Musk, Kamala Harris, —, ”, Giulio Corsi, Paul Pelosi, Nancy Pelosi, Weeks, Ron DeSantis, Robert F, Kennedy Jr, misgendering, it’s, newsbrokers, Laura Loomer, Mert Bayar, Corsi, ” Corsi Organizations: Elon, Twitter, NBC News, PAC, America PAC, U.S, University of Cambridge, Trump, Republican, Florida Gov, GOP, University of Washington, UW Center, SpaceX Locations: Pennsylvania, Haiti

☆ 16 cities where tenants can score significant rent savings as apartment prices stay high
▼ + stars: | 2024-10-31 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Here are 16 real-estate markets where renters can save big. That's virtually unchanged from September's rate of $1,533, though it's 1.9% higher than the median price from a year ago. Two-bedroom setups went for around $1,910 in the nation's 100 largest real-estate markets, only a few dollars lower than last month and 2.6% higher than in October 2023. 16 cities where rent is reasonableEven though rent is stubbornly high on the national level, there are several cities among the 100 biggest rental markets where apartments are increasingly affordable. Along with each city are its year-over-year and month-over-month rent changes and its median rent, the savings compared to the national median, and its rank among the 100 top US real-estate markets.

Persons: —, Zumper, that's, hasn't, Anthemos Georgiades Organizations: Service

☆ Oil prices rise on optimism over solid U.S. fuel demand
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: +2 min

Oil prices rose on Thursday, extending the previous day's rally, driven by optimism over U.S. fuel demand following an unexpected drop in crude and gasoline inventories, while reports that OPEC+ may delay a planned output increase offered support. Oil prices rose on Thursday, extending the previous day's rally, driven by optimism over U.S. fuel demand following an unexpected drop in crude and gasoline inventories, while reports that OPEC+ may delay a planned output increase offered support. Nine analysts polled by Reuters had expected an increase in gasoline and crude inventories. "Expectations of a potential delay in the OPEC+ production increase were also supportive... A decision to postpone the increase could come as early as next week, two OPEC+ sources told Reuters.

Persons: Toshitaka Tazawa Organizations: Brent, . West Texas, Energy Information Administration, Reuters, Fujitomi Securities, Organization of, Petroleum, OPEC Locations: U.S, OPEC, Russia, Israel

☆ Apple earnings live updates: Wall Street watching for AI updates around iPhone, consumer-spending guidance
▼ + stars: | 2024-10-31 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Apple's stock is up about 19% in 2024. Apple's earnings results can have knock-on effects for the many public companies that supply it with components for its iPhones, iPads, and Mac computers. Investors will also extrapolate what Apple's results could mean for consumers' financial health. Apple stock is up about 19% year-to-date, slightly behind the S&P 500's gain of about 22%. Check in for live updates on Apple's earnings results throughout the day.

Persons: —, Tim Cook Organizations: Apple, Service

☆ Inflation cooled even further last month, likely solidifying more rate cuts
▼ + stars: | 2024-10-31 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

CNN —Inflation has slowed further and is just a hair’s breadth from the Federal Reserve’s 2% target. The Personal Consumption Expenditures price index, which is the Fed’s preferred inflation gauge, showed prices rose 2.1% for the year ended in September, a slowdown from 2.3% in August, according to Commerce Department data released Thursday. The annual increase, which marks a fresh three-and-a-half-year low, fell right in line with what economists were expecting, according to FactSet consensus estimates. However, falling gas prices helped to keep the lid on any gains. Many states are seeing gas prices below $3 a gallon, a trend that’s expected to continue in the coming weeks as global supply eclipses demand.

Persons: ” Olu Sonola Organizations: CNN, Inflation, Commerce Department, Federal Reserve, Fitch

☆ North Korean troops will become 'cannon fodder' if they join Russia's war against Ukraine, South Korea says
▼ + stars: | 2024-10-31 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

South Korea's UN ambassador says North Korean soldiers will become "cannon fodder" in Ukraine. AdvertisementNorth Korean troops headed to fight in Ukraine will "end up as mere cannon fodder," Joonkook Hwang, the South Korean ambassador to the UN, said on Wednesday. 'Cannon fodder'The news of North Korea's troops joining Russian troops comes as Russia has struggled to find the manpower for its military. Hwang's prediction of the fate that awaits North Korean troops echoes comments Ukraine and the US have made over the course of the war. AdvertisementIn June, the Pentagon said North Korean soldiers will become "cannon fodder" if they are sent to aid the Russian war effort.

Persons: —, Joonkook Hwang, Hwang, Kim Jong, Cannon, Vladimir Putin, Kim Jong Un Organizations: North, Service, South, UN, UN Security, Ukraine, Russian, Pentagon, Business Locations: UN, Ukraine, North Korea, South Korean, New York, Russia, South Korea, North, Iran, DPRK, Europe

☆ A radical idea to solve inflation from a radical former Fed pick
▼ + stars: | 2024-10-31 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

A zero percent inflation target might be popular, but it would represent a sharp departure – one that mainstream economists warn would backfire. “Stable inflation is an oxymoron because it means it’s not stable,” Shelton told CNN in a recent interview. In fact, one reason the Fed set its inflation target at 2% is because it’s safely away from that deflation-danger zone. A zero inflation target would mean a path right on the edge. But even some of Shelton’s biggest fans are opposed to her embrace of a zero-inflation target.

Persons: Judy Shelton, Donald Trump, It’s, ” Shelton, Shelton, Trump, ”, Mark Zandi, Zandi, Justin Wolfers, Kamala Harris, it’s, Wolfers, Bill English, “, ” Trump, Stephen Moore, Jerome Powell, Moore, Powell, Kevin Hassett, Reagan, Arthur Laffer, ” Moore, CNN’s KFile, CNN he’s, he’d, Elon, ‘, haven’t, James Grant Organizations: New, New York CNN, Federal Reserve, Fed, CNN, Federal Reserve Board, Moody’s, University of Michigan, Yale University, Heritage Foundation, Trump White House, Trump Locations: New York

☆ The US economy is in for a double shock if Trump is elected president, Nobel economist Paul Krugman says
▼ + stars: | 2024-10-31 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Trump's policies could leave the US economy with two major challenges, Paul Krugman said. Krugman pointed to Trump's economic plan, which economists have described as inflationary. Trump's deportation plans could also hit the economy, given that immigration has boosted the job market. AdvertisementThe US could be in for twin shocks if Trump becomes president for a second time, Nobel economist Paul Krugman said. Trump's general economic plan is also widely thought to be more inflationary than Harris's.

Persons: Paul Krugman, Krugman, —, Trump, Harris Organizations: Service, Peterson Institute for International Economics, Financial Times, University of Chicago, American Immigration, New York Times Locations: York

☆ I'm an American who's lived in South Korea for 10 years. Here are 9 things I don't miss about the US.
▼ + stars: | 2024-10-31 | by ( Krissi Driver | ) www.businessinsider.com time to read: +9 min

I moved from the US to South Korea in 2013, and there are some things I don't miss about America. Here are nine things I don't miss about living in the US. There's a large US military presence in South Korea, and many Americans have brought their tipping habits with them overseas. For example, in South Korea, I've seen candidates ride around in the bed of a truck blasting their campaign theme song. When I travel outside South Korea, I'm often stunned by the slow internet speeds and spotty public WiFi.

Persons: —, I'm, I've, it's, I'd Organizations: Service, Korea, Korea's Locations: South Korea, Portland , Oregon, Daegu, North Korea, There's, Denver, Portland, Seoul, Busan, Korea

☆ Clorox CEO describes comeback process after massive cyberattack
▼ + stars: | 2024-10-31 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

In a Thursday interview with CNBC's Jim Cramer, Clorox CEO Linda Rendle detailed how her company managed to recover after a cyberattack last year disrupted production and seriously hurt business. Rendle discussed the serious nature of the attack, saying the company was "operating in manual mode for nearly two months" and added that Clorox lost about a third of its distribution and market share. Its cat litter brand, Fresh Step, was hit particularly hard as cat owners who switched brands due to shortages were reluctant to switch back. But Rendle said the cat litter business has been on the rebound, regaining much of its lost market share, but admitted that "we have a lot more work to do in that category." She also expressed gratitude towards retailers who worked with Clorox during that time and added that these partnerships are stronger coming out of the attack.

Persons: CNBC's Jim Cramer, Linda Rendle, Rendle, Clorox Organizations: Clorox

☆ Wall Street views Coinbase through an election lens and soft pedals weak earnings
▼ + stars: | 2024-10-31 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Coinbase Global's latest earnings were even weaker than expected, but with an eye toward next week's election and its effect on cryptocurrency markets, many analysts on Wall Street say the exchange is still a buy. Coinbase also warned that an October drop in the price of ether could offset growth in nontrading revenue in the current quarter. Coinbase tumbled as much as 8.6% in early trading Thursday, touching a low of $193.56. The election outcome at one point was widely viewed as a key catalyst for the price of bitcoin. On the earnings call, CEO Brian Armstrong said he expects to see "the most pro-crypto Congress ever" next year.

Persons: Coinbase, Joseph Vafi, Genuity, Citigroup's Peter Christiansen, Christiansen, –, Brian Armstrong, Piper Sandler, Patrick Moley, — CNBC's Michael Bloom Organizations: Wall, White House, Citi, Canaccord, Bank of America, SEC Locations: U.S, .

☆ Intel shares jump 9% on earnings beat, uplifting guidance
▼ + stars: | 2024-10-31 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Intel shares rose 9% in extended trading on Thursday after the chipmaker reported better-than-expected earnings and issued quarterly guidance that topped estimates. Intel called for fiscal third-quarter adjusted earnings of 12 cents per share and revenue between $13.3 billion and $14.3 billion. Analysts had expected 8 cents in adjusted earnings per share and $13.66 billion in revenue. During the quarter, Intel announced the launch of Xeon 6 server processors and Gaudi artificial intelligence accelerators. As of Thursday's close, Intel shares were down about 57% in 2024, while the S&P 500 index had gained 20%.

Persons: Pat Gelsinger, Dave Zinsner, Gaudi, Harvest's Paul Meeks Organizations: Intel, CNBC, Qualcomm, Computing, StreetAccount, Revenue, Data Center Locations: Taipei, Taiwan

☆ Goldman sees this homebuilder rallying 30% even if mortgage rates stay high
▼ + stars: | 2024-10-31 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Homebuilder Meritage Homes could see outsized growth even in the midst of a housing lull, thanks to a strategy that emphasizes homes that are "move-in ready," according to Goldman Sachs. Existing home sales remain sluggish and housing turnover below historical norms due to affordability issues for consumers hit by higher mortgage rates. But even against a backdrop of tight housing supply, Goldman analyst Susan Maklari expects Meritage to outshine competitors owing to a unique strategy. Maklari believes Meritage is poised for further upside to its 2028 targets because the company offers a competitive proposition to buyers. Meritage provides a "turnkey solution" to consumers — fully outfitted units that don't need add-ons — with a 60-day closing guarantee on homes.

Persons: Goldman Sachs, Goldman, Susan Maklari, Maklari, Meritage Organizations: realtors, Elliott Homes

☆ Bird flu was detected in a pig, and it could be a tipping point threatening more human transmission
▼ + stars: | 2024-10-31 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

A pig has tested positive for H5N1 bird flu in a backyard farm in Oregon. The H5N1 bird flu was detected in a pig in Oregon, the first instance of a swine infection in the US, officials announced on Wednesday. Pigs get both bird flu viruses and human flu viruses, making them a genetic mixing bowl where H5N1 could gain genetic mutations that help it spread between humans. AdvertisementWhy pig infection could be a tipping pointPigs play host to both bird flu viruses and human flu viruses. Inside a pig, the H5N1 bird flu virus could pick up genetic mutations that help it adapt to better infect human bodies.

Persons: —, Stacey Schultz, Cherry, Jude Children's, Jeremy Farrar, Diego Vara, Florian Krammer, Cynthia Goldsmith, Jackie Katz, Schultz, Richard Webby, Jude, Robert Giroux Organizations: Service, St, Jude Children's Research, World Health Organization, Reuters, US Department of Agriculture, USDA, Icahn, of Medicine, STAT, CDC, AP, WHO Locations: Oregon, South America, Sao Jose, Norte, Brazil, New York, St, New York City

☆ Why rich Trump backers aren’t scared of his inflationary economic agenda
▼ + stars: | 2024-10-31 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —The last three years have upended everything about the way we expect the economy to work. But the pandemic-era inflationary period played out unlike any other in history, and wealthy people made out like bandits. And that may be because the only real inflation we’ve seen in decades was a multi-year profit bonanza for them. And that has provided a permission structure for some wealthy Trump supporters to shrug their shoulders at his inflationary economic agenda. But it won’t be the same flavor of profit-driven inflation we’ve seen over the past three years.

Persons: CNN Business ’, That’s, Donald Trump’s, “ It’s, ”, Kent Smetters, “, we’ve, ” It’s, He’s, Harris, Josh Bivens, Bivens, ” Bivens Organizations: CNN Business, New York CNN, Wall, University of Pennsylvania’s Wharton School, Trump, Wall Street Journal Locations: New York, Ukraine

☆ Russia’s Swift March Forward in Ukraine’s East
▼ + stars: | 2024-10-31 | by ( Constant Méheut | Josh Holder | ) www.nytimes.com time to read: +11 min

Russia’s Swift March Forward in Ukraine’s EastTwo years of territorial changes in the Donbas Russia gained more territory in October than any month since July 2022 150 sq. miles Amount of territory Russia gained 100 50 0 Ukraine has made only marginal gains this year 50 Amount of territory Ukraine gained 100 Jan. April July Oct. Jan. April July Oct. 2023 2024 Amount of territory Ukraine gained Amount of territory Russia gained 100 50 0 50 100 150 sq. Amount of territory Ukraine gained Amount of territory Russia gained 100 50 0 50 100 150 sq. In August, Ukraine’s defensive lines buckled, and Russia rapidly advanced 10 miles toward Pokrovsk and closed in on Selydove from the west and north. In just the past week, Russia advanced roughly six miles north of Vuhledar — an unusually swift pace compared with previous gains.

Persons: Russia’s Swift, Jan, Vuhledar, Pasi, ”, Russia Vuhledar, Selydove Kurakhove, Marinka, Kurakhove, Pokrovsk, Paroinen, Vincent Tourret, Tourret, “, Oleksandr Lytvynenko, Chasiv Yar, Russia “, Serhii Kuzan, Chasiv, ” Mr Organizations: Ukraine, New York Times, Institute for, American, The New York Times, Bird Group, Railways, Russia, French Foundation for Strategic Research, Russian, National Security and Defense Council, Ukraine’s Security, Cooperation Center, Territory, LUHANSK, Kramatorsk, Selydove Avdiivka, Sloviansk, Vuhledar, Ukraine’s Territorial Defense Locations: Ukraine’s East, Donbas Russia, Russia, Ukraine, Donbas, Selydove, Pokrovsk, Finland, RUSSIAN, Russia Selydove, Russia Vuhledar Russia, Russian, Luhansk, Donetsk, Ukraine Ukraine, Chasiv Yar DONETSK, Selydove Avdiivka Donetsk, Azov Ukraine, Sloviansk LUHANSK, Azov, Vuhledar, Kursk, Ukrainian

☆ Linde falls after its guidance fails to wow the market. We've seen this movie before
▼ + stars: | 2024-10-31 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

To be sure, it wasn't the typical beat-and-raise quarter that Linde has become known for over the years. Linde Why we own it: The industrial gas supplier and engineering firm has a stellar track record of consistent earnings growth. It increased to $10 billion thanks to the largest gas project sale in company history. Other companies in the industrial gas space have a shakier track record at this, especially for clean hydrogen projects. Guidance For the fourth quarter, Linde expects adjusted EPS in the range of $3.86 to $3.96, implying 8% to 10% growth compared with the year-ago period.

Persons: Linde, —, Sanjiv Lamba, shouldn't, Lamba, Jim Cramer's, Jim Cramer, Jim Organizations: Linde, Revenue, LSEG, LIN, Products, CNBC, Tanks, Bloomberg, Getty Locations: Americas, Europe, Middle East, Africa, Asia, China, India, Dow Chemical's Fort Saskatchewan

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