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The U.K.'s Labour Party is set to unveil its national budget for the first time in 14 years later on Wednesday. Investment bank analysts have highlighted several stocks that could win or lose ground if the rumored measures are unveiled or curtailed. The Wall Street bank's analysts added that "U.K. long-dated yields might decline with easing budget uncertainty and continued inflation relief". The chancellor is reported to want to remove the inheritance tax relief available to investors holding stocks listed in this market in the Wednesday budget. Such a move may entice existing investors to sell the stocks, if the tax policy change likely impacts them.
Persons: Rachel Reeves, Goldman Sachs, Christian Mueller, Glissmann, Pound Sterling, Investec's Ben Newell, Alan Brierley, Investec's, Genuity, Canaccord Genuity, Alex Brooks, Justin Bates, Portia Patel, Michael Bloom Organizations: Labour, Finance, Investment, London Stock Exchange, Foresight, Fund, Greencoat, Renewables, Infrastructure, International, AIM, London Stock Exchange's, Technology Ashtead Tech Locations: United Kingdom
The Australian flag is in front of Christiansborg Palace in Copenhagen, Denmark, on January 14, 2024. Asia-Pacific markets were set for a mixed open Wednesday after key Wall Street benchmarks rose, with the Nasdaq Composite closing at a new record high as tech stocks gained. Traders in Asia will assess consumer price data out of Australia, with inflation for the quarter ended in September expected to fall to 2.9%, down from 3.8% in the previous quarter. Japan's Nikkei 225 futures pointed to a higher open for the market, with the contract in Chicago at 39,255 and its counterpart in Osaka at 39,160 compared to the index's previous close of 38,903.68. Hong Kong Hang Seng index futures were at 20,746, higher than the index's last close of 20,701.14.
Persons: Australia's Organizations: Nasdaq, Traders, Nikkei Locations: Christiansborg, Copenhagen, Denmark, Asia, Pacific, Australia, Chicago, Osaka, Hong Kong
The outcome of this year's presidential election could bode well for different parts of the stock market, according to Evercore ISI. "Trump will be positive for US-only retailers (which have higher tax rates vs retailers with int'l exposure)," Evercore ISI said. Under a Harris win, these stocks could benefit, per Evercore ISI: Evercore ISI forecasts Harris winners to be renewable energy and EV companies, as that administration is expected to maintain the Inflation Reduction Act and other clean energy policies. Discount retailers such as Burlington and Ross Stores are another likely beneficiary of a Democratic win, according to Evercore ISI. A slew of tech companies, namely Apple , Dell and Hewlett Packard Enterprise , could fare well with a Harris win given the risk of lower tariffs.
Persons: bode, Kamala Harris, Donald Trump, Emanuel, Halliburton, Trump, ULTA, Dave Kimbell, Tesla, Elon Musk's, Harris, BURL, LSEG, Ross, Biden Organizations: ISI, Democratic, Republican, NBC, Trump, Halliburton, Exxon Mobil, Exxon, Care, NextEra, Harris . Discount, Ross Stores, Burlington, Apple, Dell, Hewlett Packard Enterprise, Palo Alto Networks Locations: U.S, China, Burlington
US Air Force demo pilots perform airshow stunts derived from real-world combat training. Air Force demo pilots shared what it's like to wow audiences with skills used on the battlefield. But for Air Force demonstration pilots, these techniques aren't just crowd-pleasers. F-16 Fighting Falcon aircraft with the US Air Force Thunderbirds Air Demonstration Squadron fly in close formation. US Air Force photo/Tech.
Persons: , aren't, Tyler, Clark, Sgt, Patrick Evenson, Lockheed Martin, Jeffrey " Simmer, Downie, there's, Christopher Boitz, Samuel " RaZZ, Larson, " Larson, Greg Mathieson, Mai, Nicholas, Laz, Le, Le Tourneau, Raz, Robert Laberge, that's Organizations: US Air Force, Air Force, Service, Air, Business, Pacific, US Air Force Thunderbirds Air Demonstration Squadron, US Air National Guard, Thunderbirds, Lockheed, Thunderbird, Freedom Sentinel, North American Aerospace Defense Command, Getty Images Air Force, Air Forces, Air National Guard, Guard Locations: Huntington Beach , California, Ukraine, Afghanistan, Middle East, Alaska
For every team faced with an early demise in the World Series, that’s the vision: one more day of summer to play with your friends. “We lost Game 3 and we said, ‘Hey, who doesn’t want to make history?’ I know I love making history. Eight years ago with the Chicago Cubs, Rizzo played another Game 5 on Halloween eve, needing a win to extend the World Series. Three of them were new to this World Series and covered seven innings. He lived the fantasy of every New York-born kid of his generation: a shortstop in pinstripes, starring in the World Series.
Persons: You’ll, Anthony Rizzo, , Rizzo, , they’d, , we’re, Jazz Chisholm, ‘ Hey, Jack Flaherty, They’ve, they’ll, ” Rizzo, Jon Lester, Aroldis Chapman, Gerrit Cole, Luke Weaver, Weaver, Gleyber Torres ’, Alex Verdugo, Brent Honeywell Jr, Anthony Volpe, didn’t, ” Aaron Judge, Verdugo, ” Verdugo hasn’t, Reggie Jackson, Freddie Freeman, ” Weaver, “ You’re, you’ve, Daniel Hudson, Volpe’s, Austin Wells, Volpe, ” Volpe, they’re, ” Chisholm, Gleyber Torres, Elsa, Getty Organizations: New York Yankees, Los Angeles Dodgers, Dodgers, Yankees, Chicago Cubs, Cubs, San Diego Padres Locations: Cleveland, New York, pinstripes
To get the most out of your electric car, you'll want to charge it at home, and likely overnight. This article is part of "Getting Ready for Electric," a series of guides and practical advice for buying your next EV. Going electric introduces a whole new element of car ownership: charging. "Home charging is what makes it easy and efficient to own an EV," Newman said. When it comes to choosing a charger, Sapp says it's a "safe bet" to go with a model recommended by your car's manufacturer.
Persons: , Jenni Newman, Newman, Ken Sapp, Sapp, Cars.com, it's Organizations: Service, EV Locations: Qmerit
Kelley was originally freed pending trial on his Jan. 6 charges but was then re-arrested in an alleged murder plot in December 2022. His defense team did not put forth any witnesses during his trial, and Kelley himself declined to testify. Online, Kelley used an encrypted email with the handle "chaos_continues" to make some of his purchases, Mann testified. Kelley, in a gas mask, at the Capitol on Jan. 6, 2021, according to the FBI. More than 1,500 people have been charged in connection with the Jan. 6 attack on the Capitol, and prosecutors have secured more than 1,100 convictions.
Persons: WASHINGTON, Donald Trump, Edward Kelley, Kelley, Austin Carter, , Carter, Trump, , Trump rioter, John Emanuel Banuelos, Jessi Mann, Kelley's sweatshirt, Mann, Colleen Kollar, Eugene Goodman, Goodman, Mike Pence, Patrick C, Holvey Organizations: U.S . Capitol, Federal Bureau of, Planned, Capitol, FBI, Prosecutors, Conservative, ., NBC, USDCDC Prosecutors, U.S, Capitol Police, Electoral Locations: Tennessee, Washington, Kelley's, British
A police officer and a suspected shooter were injured Tuesday after gunfire erupted at a Midtown Atlanta building occupied by a Four Seasons hotel and residences, authorities said. The officer was hospitalized with non-life-threatening injuries, Atlanta Police Chief Darin Schierbaum said at a news conference. Police responded to the high rise after 10 a.m. following a dispute between a Four Seasons worker and the man on the 33rd floor, which is occupied by residences, Schierbaum said. The Four Seasons hotel takes up 19 of 53 stories of the high rise and occupies 244 rooms, 23 of which are designated suites. Brian Carr, spokesperson for the Midtown Alliance in Atlanta, said the high rise also includes 96 residences and 97,000 square feet of office space.
Persons: Darin Schierbaum, Schierbaum, Andre Dickens, Brian Carr Organizations: Atlanta Police, Police, Georgia Bureau, Investigation, Midtown Alliance Locations: Midtown Atlanta, Georgia, Atlanta
A California judge on Tuesday sentenced David DePape, the man who broke into former House Speaker Nancy Pelosi’s home and attacked her husband with a hammer, to life behind bars without the possibility of parole. DePape had previously been sentenced to 30 years in prison for federal crimes connected to the Oct. 28, 2022, attack in the upscale Pacific Heights neighborhood of San Francisco. San Francisco District Attorney Brooke Jenkins said DePape is "now being held accountable" for acts that are a "danger to democracy." "Mr. DePape has been convicted of crimes both federally and locally reflecting the public's unanimous condemnation," Jenkins said in statement after Tuesday's sentencing. "Recognizing the seriousness of his crimes and the danger to democracy that Mr. DePape posed he is now being held accountable and will spend the rest of his life in prison without the possibility of parole."
Persons: David DePape, Nancy Pelosi’s, DePape, Brooke Jenkins, Jenkins Organizations: San Francisco . San Locations: California, Pacific Heights, San Francisco ., San Francisco . San Francisco
HONG KONG — A key piece of a little-told chapter of World War II history almost ended up in a landfill. That diary is now believed to be the only known primary source documenting the involvement of Chinese naval officers in the D-Day landings at Normandy. The 24 British-trained Chinese naval officers were forced to choose between the two sides, with many of them going on to have distinguished careers in the Chinese or Taiwanese militaries. Instead he settled down in Hong Kong, a British colony at the time, where he worked as a merchant seaman until the late 1960s. A page from Lam’s journal on display at the Fringe Club in Hong Kong last month.
Persons: Lam Ping, Chiang Kai, Lam, , , ” Lam, John Mak, Chiang, Mao Zedong’s, Peter Parks, Mak, Angus Hui, crackdowns, Lau Suk Yin, ” Hui, ” Mak Organizations: Pacific, U.S, Royal Naval College, Allied, Fringe Club, Getty Locations: HONG KONG, Hong Kong, Normandy, Indonesia, China, United States, Britain, France, Norwegian, Germany, Japan, Mao Zedong’s Communist, Republic of China, Taiwan, British, Brazil, AFP, Greater China
European markets are expected to open in flat to lower territory Tuesday as traders in the region await more earnings reports. Earnings are set to come from Adidas, Lufthansa, Novartis, Santander and BP, among others. Data releases of note include Germany's GfK consumer confidence figures. Europe's largest lender HSBC on Tuesday announced it will repurchase up to $3 billion in shares as it issued better-than-expected third-quarter earnings. Asia-Pacific markets traded mixed in spite of gains on Wall Street as investors looked toward a slate of mega-cap technology earnings this week, including Meta Platforms and Microsoft on Wednesday and Apple on Thursday..
Persons: Germany's DAX Organizations: France's CAC, IG, Adidas, Lufthansa, Novartis, Santander, BP, HSBC, Tuesday, Meta, Microsoft, Apple Locations: Asia, Pacific
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. Oil slump boosts marketsAll major U.S. indexes rose Monday on soft oil prices while investors awaited Big Tech earnings. Japan's Nikkei 225 extended gains to a second day, up 0.7% as the country's jobless rate for September dropped to 2.4% from 2.5% the previous month. [PRO] How to trade Japan's electionAfter Japan voted on Monday, the Nikkei 225 rose on the results.
Persons: Irene, Shigeru Ishiba Organizations: CNBC, Big Tech, Japan's Nikkei, Liberal Democratic Party, Nasdaq, CR Beverage, HSBC, Japan, Nikkei Locations: Lower Manhattan , New York, Asia, Pacific, Japan, U.S, Hong Kong, IPOs
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
The Johor BahruSingapore Rapid Transit System (RTS) Link under construction near the JB Sentral building in Johor Bahru, Malaysia, as of Tuesday, Sept. 24, 2024. Sharon Kuok started studying in Singapore when she was seven, commuting daily to and from her home in the southern Malaysian state capital of Johor Bahru. We picked JB [Johor Bahru] because that's where I am from and for its proximity to Singapore," she said. Already, many people from Singapore have started visiting the Malaysian state regularly to shop and to enjoy services from car repair to massages and haircuts. The number of Singaporeans visiting or relocating to Johor could increase in coming years when a rail link between Singapore and Johor Bahru is completed and the planned Johor-Singapore special economic zone (JS-SEZ) takes effect.
Persons: Sharon Kuok, She's, Kuok, Syuhada Organizations: Johor, Rapid, System, National University of Singapore, JB, Messe Berlin Asia, Singapore Locations: Johor Bahru, Malaysia, Singapore, Malaysian, Johor, Messe Berlin Asia Pacific
(AP) — The federal government is handing out $2.4 billion in railroad grants to help pay for 122 projects nationwide with more than half of the money going to smaller railroads. The grants announced Tuesday by the Federal Railroad Administration will go to projects across 41 states and Washington, D.C. Last year, the administration handed out $1.4 billion in these rail grants. But the majority of the money — nearly $1.3 billion — will go to 81 projects at smaller short line railroads across the country. Chuck Baker, president of the American Short Line and Regional Railroad Association trade group, said the grants will help those smaller railroads significantly.
Persons: Joe Biden, Pete Buttigieg, Louis, Chuck Baker, Baker Organizations: Federal Railroad Administration, Regulators, CSX, Amtrak, Union Pacific, Regional Railroad Association, FRA, Associated Press Locations: OMAHA, Neb, Washington, Norfolk Southern, East Palestine , Ohio, Hudson, Albany, Rensselaer , New York, Illinois, Norfolk, Springfield, Chicago, St, California’s Orange County, Michigan, Milwaukee, America, U.S
Asia-Pacific markets are set to open higher, tracking gains on Wall Street as investors looked toward a slate of megacap technology earnings to keep propelling the Nasdaq Composite to new heights this week. Japan's Nikkei 225 futures pointed to a slightly stronger open for the market, with the futures contract in Chicago at 38,715 and its counterpart in Osaka at 38,630 compared to the previous close of 38,605.53. This comes after the ruling Liberal Democratic Party lost its parliamentary majority after voters cast their ballots on Sunday to determine the control of the lower house, marking the first time since 2009 that Japan's ruling coalition lost its majority. Australia's S&P/ASX 200 was 0.44% higher in its first hour of trade. Hong Kong's Hang Seng index futures were at 20,733, higher than the HSI's last close of 20,599.36.
Persons: Australia's Organizations: Nasdaq, Nikkei, Liberal Democratic Party Locations: Asia, Pacific, Chicago, Osaka
Hurricane season may end with a November surge of storms starting next week, AccuWeather forecasts. Chance of a December cycloneIt's already been a nasty hurricane season, with storms so far causing more than 300 deaths and nearly $500 billion of losses in the US, according to AccuWeather. Hurricane season ends on November 30, but DaSilva said there may be a rare December cyclone this year. However, the NHC said in August that this Atlantic hurricane season would likely produce 17 to 24 named storms total. AdvertisementThis could lead to a tropical storm or even a hurricane in the first few days of November," DaSilva said.
Persons: , Hurricane Milton, Alex DaSilva, Chance, DaSilva, Hurricane, Sean Rayford, Bernie Rayno, Milton, Nicole, Hurricane Ian, Kate Organizations: Hurricanes, Service, Associated, National Hurricane Center, Business, NHC, Florida, Yankee Locations: Florida, Carolinas, Milton, Hurricane, Gulf Coast — Alabama, Mississippi , Louisiana, Texas, AccuWeather ., Bat Cave , North Carolina, Caribbean, Sarasota , Florida, Cuba
It’s a crucial trend that undercuts one of the biggest arguments Republicans have used to hammer Democrats over the cost of living. Although gas prices are down and the rate of inflation has cooled sharply, consumers are still hurting from years of price hikes. After Russia invaded Ukraine, oil prices skyrocketed due to fears of massive supply disruptions. Drivers rolling up to gas stations in some battleground states are enjoying significant price drops, including Nevada (79 cents cheaper than a year ago), Arizona (78 cents cheaper), Pennsylvania (36 cents cheaper) and Wisconsin (32 cents cheaper). But for now the markets appear to be bracing for muted prices, a situation that should keep a lid on gas prices.
Persons: Harris, ” Patrick De Haan, It’s, we’re, , De Haan, Donald Trump, Kamala Harris, Biden, Trump, Tom Kloza, Kloza, Brent, Organizations: New, New York CNN, Biden, CNN, AAA, Drivers, Iran, Oil Price Information Service, Citigroup, ClearView Energy Partners Locations: New York, Nevada, Arizona, Russia, Ukraine, Pennsylvania, Wisconsin, Israel, Iran, Persian, China, United States
“Make no mistake, an attack on a ballot box is an attack on our democracy and completely unacceptable,” Oregon Secretary of State LaVonne Griffin-Valade said Monday. All ballot boxes in Multnomah County and Clark County have fire suppressant installed, election officials said during a news conference Monday. Voting in Oregon and Washington is done almost entirely by mail or ballot drop off. Enhanced ballot box securityA damaged ballot drop box is displayed during a news conference at the Multnomah County Elections Division office on Monday in Portland, Oregon. Following the ballot box fires, Gluesenkamp Perez requested overnight law enforcement patrols at drop boxes through Election Day.
Persons: LaVonne Griffin, Valade, , Steve Hobbs, , Jenny Kane, Tim Scott, Greg Kimsey, Kimsey, Scott, ” Jay Riestenberg, John Burnside, ” Burnside, They’ve, Burnside, “ It’s, ” “, Mike Benner, Amanda McMillan, Jay Inslee, Jessica Vega Pederson, Tina Kotek, Inslee, Marie Gluesenkamp Perez, Gluesenkamp Perez, CNN’s Kaitlan Collins, I’m, ” Larry Olson, suppressants, ” Olson, CNN’s Nicole Chavez, Taylor Romine, David Williams, Natasha Chen Organizations: CNN, US Department of Homeland Security, Division, Portland Police, Portland Police Bureau, Vancouver Police Department, US Postal Service, . Portland Police, ” Police, Volvo, Oregon Department, Driver, Vehicle Services, Washington Gov, Congressional, Rep Locations: Pacific Northwest, Portland, Vancouver , Washington, Vancouver, Oregon, Washington, Multnomah, Portland , Oregon, Multnomah County, Clark, Clark County, In Oregon, Southeast Portland, Seattle, Washington’s, American, Oregon’s Multnomah County
CNN —A small number of North Korean troops are already inside Ukraine, according to two western intelligence officials, and officials expect that number to grow as the North Koreans complete training in eastern Russia and move toward the front lines of the war. The North Korean troops’ presence inside Ukraine goes a step beyond what NATO and the Pentagon confirmed on Monday, which is that roughly 10,000 North Korean troops are training in eastern Russia with some en route to Russia’s Kursk region. A US official said the US can not yet corroborate reports that North Koreans troops are already inside Ukraine. The Russians have been teaching North Korean soldiers basic Russian commands in training, like “fire” and “in position,” South Korean lawmakers told reporters on Tuesday. ‘The number may rise’South Korean intelligence has put the number of North Korean troops inside Russia right now at about 13,000, higher than the US and the UK.
Persons: Volodymyr Zelensky, catchup, Matthew Miller, Andriy Yermak, Jake Sullivan, Antony Blinken, Yermak, Sullivan, , Sullivan “, ” Miller, CNN’s Haley Britzky, Jennifer Hansler Organizations: CNN, North Koreans, North, NATO, Pentagon, South Korea, Korean, State, National, North Korean, South, Ukraine’s Defense Intelligence, White House, Locations: Ukraine, Russia, Russia’s Kursk, Kursk, , Koreans, Ukrainian, Washington ,, , North Korea, Moscow, China, Pyongyang
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. British oil major BP on Tuesday reported its weakest quarterly earnings in nearly four years, weighed down by a slump in crude prices and lower refining margins. The energy firm posted underlying replacement cost profit, used as a proxy for net profit, of $2.3 billion for the July-September period. BP reported net profit of $2.8 billion for the second quarter of the year and $3.3 billion for the third quarter of 2023. The firm's third-quarter results were the weakest since the fourth quarter of 2020, when industry profits cratered during the coronavirus pandemic.
Persons: Murray Auchincloss Organizations: BP, British Petroleum Locations: Warsaw, Poland
After two scandals this year, PwC's business in the Asia-Pacific region has fallen. While PwC faced these regional setbacks, it hit record-high revenues and hired 10,000 new employees. AdvertisementAfter scandals in Australia and China this year, PwC has lost business in the Asia-pacific region. AdvertisementDespite the regional impact on the business, PwC posted an overall growth of 3.7% to reach record-high gross revenues of $55.4 billion. Like other leading consultancies, PwC has been hit by falling demand for consulting services, and its growth rate has slowed.
Persons: PwC, , Mohamed Kande, Uber, we've Organizations: Service, Big, PwC, Google, Australian Financial, EY, Deloitte Locations: Asia, China, Australia, India
A North Carolina man's used a $20 bill he discovered on the ground to purchase a lottery scratch-off ticket that won him a $1 million top prize, officials said. NC LotteryThe find was made Oct. 22 outside a Speedway gas station and convenience store in Boone, North Carolina, the NC Education Lottery said in a statement Friday. He told lottery officials he'll use the money to help his children and to retire after more than five decades as a carpenter, according to the NC Education Lottery statement. On Monday, NC Education Lottery officials said Cynthia Moore of Smithfield was the first, $1 million top-prize winner for its Cashword scratch-off game, introduced in August, after she purchased a $10 ticket at a market in Wilson. For two years in a row, lottery officials said in August, NC Education Lottery games have earned more than $1 billion for public schools and other education programs, contributing it to the state's more than $15 billion in annual education spending.
Persons: Carolina man's, Jerry Hicks, Hicks didn't, , , Hicks, they’ve, Cynthia Moore Organizations: NC, Lottery, NC Education Locations: Carolina, Boone , North Carolina, Banner Elk, Avery County, North Carolina, Smithfield, Wilson
His loved ones, who witnessed his drug and alcohol abuse for years, were heartbroken by what his mother later described as an unavoidable outcome. His mother spoke about processing her grief and teared up when talking about how powerless one can feel against a loved one’s struggles with addiction. In the months leading up to his death, Perry appeared to have turned a corner with his addiction, relatives said. Now, loved ones switch tenses from past to present to past again as they remember the complicated man who brought them so much joy. It’s a familiar story for the millions of people whose loved ones have addiction disorders and is a guiding principle for the foundation, the family said.
Persons: It’s, Matthew Perry, pickleball, ” Suzanne Perry, “ You’ve, , Perry, Chandler Bing, Gen Xers, Keith Morrison, David M, , ” Keith Morrison, Caitlin Morrison, ” Emily Morrison, ” Caitlin Morrison, Suzanne Perry, ” Suzanne, Caitlin Morrison’s Organizations: NBC, Dateline, Los, Federal, Matthew Perry Foundation Locations: Los Angeles, Savannah Guthrie, Los Angeles County, London
John Herbert Sawchak, 54, was arrested in connection with allegedly shooting his neighbor, Davis Moturi, 34, in the neck on Oct. 23. The arrest came as police admitted they had failed Moturi by failing to prevent Sawchack's ongoing harassment, following a number of complaints. “But I will say this, we had no reason to suspect that he would shoot the neighbor from inside the house,” O’Hara added. O'Hara said that the shooting was caused by Moturi cutting a tree that had been planted by the suspect and his mother. He was charged last week in Hennepin County with attempted murder, first-degree assault and felony harassment and stalking, enhanced for racial bias in connection with the Moturi shooting.
Persons: John Herbert Sawchak, Davis Moturi, Sawchak, Brian O’Hara, ” O’Hara, O'Hara, Moturi, O’Hara, , , , Jacob Frey, Frey Organizations: Minneapolis Police, Minneapolis City, Members, Moturi Locations: Minneapolis, Hennepin County, O’Hara
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