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☆ Watch Friday's full episode of Mad Money with Jim Cramer — October 25, 2024
▼ + stars: | 2024-10-25 | 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 EmailWatch Friday's full episode of Mad Money with Jim Cramer — October 25, 2024"Mad Money" host and former hedge fund manager, Jim Cramer, provides stock traders with all manner of investing advice.

Persons: Jim Cramer —, Jim Cramer

☆ 36-year-old mom making $10,000 a month in passive income: The 3 books that helped me get rich and 'live life on my terms'
▼ + stars: | 2024-10-25 | by ( Rachel Jimenez | ) www.cnbc.com time to read: +4 min

Today, I make $10,000 or more per month in passive income from four income streams. These are the three books that shifted my mindset about money, helped me build wealth and gave me the ability to live life on my terms. 'Change Your Questions, Change Your Life' by Marilee AdamsIn "Change Your Questions, Change Your Life," Marilee Adams, PhD, a leadership expert, professor, and entrepreneur, explains there are two types of questions we can ask ourselves. When I started taking the course that ultimately helped me start my passive income business, for example, I doubted whether I could succeed. 'Designing Your Life: How to Build a Well-Lived, Joyful Life' by Bill Burnett and Dave Evans

Persons: Marilee Adams, Adams, JL Collins, Collins, Bill Burnett, Dave Evans

☆ A new ETF could disrupt the trillion-dollar money market fund industry. What to know
▼ + stars: | 2024-10-25 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

Total money market fund assets have ballooned to more than $6.5 trillion, according to the Investment Company Institute. Traditional money market fund transactions take place at the end of each trading day, while ETFs trade constantly during market hours. How it works The Texas Capital ETF holds very short-term fixed income instruments, similar to traditional money market funds. It will abide by rule 2a-7 , a U.S. Securities and Exchange Commission regulation that governs the liquidity of holdings in traditional money market funds. Looking forward The potential market for a money market ETF is massive.

Persons: Michael Carbone, That's, Richard Leimgruber, Jeff Schwartz, Brad Roth, Roth Organizations: Texas Capital, Money Market, Federal Reserve, Investment Company Institute, CNBC, U.S . Securities, Exchange Commission, Wealth, ICI, The Texas Capital, Thor Financial Technologies Locations: Texas, Chelmsford, Mass, Tarrytown , New York

☆ Big Tech goes nuclear: Amazon's pitch to use power plants shows the crucial role the energy source plays for AI
▼ + stars: | 2024-10-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, inside Amazon's internal pitch for turning to nuclear power to meet its growing energy needs . AdvertisementThat's led Big Tech to consider nuclear power to address its skyrocketing energy requirements. Nuclear power ticks that box better than other clean energy options like solar or wind. Nuclear power, meanwhile, is an industry in desperate need of some love , BI's Daniel Geiger and Ellen Thomas previously reported. From advertising platforms to AI tech companies, here's the startups to watch .

Persons: —, Jocko Willink, we've, Jenny Chang, Rodriguez, That's, Business Insider's Eugene Kim, Andy Jassy, it's, Sam Altman, Eugene, BI's Hasan Chowdhury, BI's Daniel Geiger, Ellen Thomas, Jim Burke, Vistra, Chelsea Jia Feng, Elon Musk, Jean Boivin, He's, Marc Benioff isn't, bashed, Miles Brundage, OpenAI, Emma Tucker's, Tucker, Mike Jeffries, SpaceX's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, Navy, Big Tech, Amazon, Microsoft, Google, Keystone, Hulton, Constellation Energy, Getty, EV, BlackRock Investment Institute, San Francisco, BI, AGI, Abercrombie, Fitch Locations: Fukushima, Pennsylvania, Arizona, New York, London

☆ Putin has spent years championing de-dollarization — but a new reality is setting in
▼ + stars: | 2024-10-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

Russia faces sweeping sanctions over its full-scale invasion of Ukraine and has been locked out of the US dollar-dominated global financial system, including the widely used SWIFT financial messaging system, making payments and transactions challenging. The Kazan Declaration, issued Wednesday, did not mention global dollar dominance — but it highlighted alternatives. AdvertisementChina — even though it's in a prolonged slowdown — is expected to be the top contributor, accounting for about one-fifth of global growth over the five years. AdvertisementHowever, BRICS economies have a smaller global presence in global financial flows, limiting the impact of de-dollarization, the ING analysts added. Other issues include what countries would use the alternative currencies for and if the West would sanction such alternative systems, he said.

Persons: Vladimir Putin, Putin, —, he's, Alexander Kolyandr, Tom Keatinge Organizations: Service, ING, United, United Arab Emirates, Bloomberg, International Monetary, Center for, Centre for Finance, Security, Royal United Services Institute Locations: BRICS, Russian, Kazan, Russia, Ukraine, cryptocurrencies, Brazil, India, China, South Africa, Iran, Egypt, Ethiopia, United Arab, USA

“Taiwan's membership at the IMF would help boost financial resilience,” the Taipei Economic and Cultural Representative Office in Washington said during this week's IMF and World Bank annual meetings. Taiwan also is seeking to participate in the U.N. World Health Organization's annual World Health Assembly and join Interpol. But China, which sees Taiwan as a breakaway province and threatens to annex it by force, has blocked such efforts and insists it represent Taiwan in international forums. The island is now designated as “Taiwan Province of China” in IMF literature. The U.S. House has approved a bill that would direct the United States to advocate for Taiwan’s IMF membership.

Persons: “, Donald Trump, Bo Li, Patrick McHenry, ” McHenry, Young Kim, Fatima Hussein Organizations: WASHINGTON, —, International Monetary Fund, IMF, Cultural, World Bank, U.S, Health Assembly, Interpol, U.S . State Department, People’s Bank of China, Taiwan Academy of Banking, Finance, U.S . House, Democrats, North Carolina Republican, Financial Services, United Nations, Associated Press Locations: — Taiwan, Poland, Taipei, Washington, Taiwan, U.S, China, Taiwan Province, United States, Japan, Taiwan Strait, Beijing, Kosovo, Europe

☆ Jeff Yass is making a big final splash to help former hedge funder Dave McCormick's Senate campaign
▼ + stars: | 2024-10-25 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Former hedge funder David McCormick has narrowed the gap in a closely watched US Senate race. McCormick's Wall Street allies are among the biggest donors to a pro-McCormick super PAC. Jeff Yass is among the big names making a final splash before Election Day. According to a pro-McCormick super PAC's final pre-election filing, Yass donated $1 million over the course of two donations earlier this month. He's not the biggest megadonor with Wall Street ties.

Persons: David McCormick, Jeff Yass, —, Dave McCormick, McCormick, Sen, Bob Casey, Joe Manchin, He's, Ken Griffin, Thomas Peterffy, Paul Tudor Jones, Stephen Schwarzman, Casey, Donald Trump, Trump Organizations: McCormick, Service, Susquehanna International Group, Wall Street titans, Bridgewater Associates, Democrat, Republicans, GOP, Citadel, Interactive, Keystone, The Washington Post, Trump, Biden Locations: West Virginia, Yass, Pennsylvania, China

☆ A key change to 529 plans this year is already triggering parents to save more for college
▼ + stars: | 2024-10-25 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

Total investments in 529s hit $508 billionFinancial experts and plan investors agree that 529 plans are a smart choice for many. And yet, in previous years, data shows that regular contributions to a 529 college savings plan often took a back seat to paying more pressing bills or other priorities. Fstop123 | E+ | Getty ImagesBut this year, in part because of the new changes, more parents are utilizing a 529 college savings plan, with most making recurring monthly and quarterly contributions. In 2024, total investments in 529s jumped to $508 billion in June, up nearly 13% from $450.5 billion the year before, according to data from the College Savings Plans Network, a network of state-administered college savings programs. How much you can contribute to a 529 plan

Persons: Roth, David Nienaber, Martha Kortiak Mert, accountholders, Fstop123 Organizations: College, Foster, Motley Wealth Management, Saving, College Savings Plans Network Locations: Miami

☆ Tiger Grandcubs on AI: How investors Dan Sundheim and Mala Gaonkar are thinking about the space
▼ + stars: | 2024-10-25 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +4 min

D1's Dan Sundheim and SurgoCap's Mala Gaonkar spoke about investing in AI a Chicago conference. Sundheim said it won't be private companies leading this tech change for once. Gaonkar said the most promising industry for short-term AI advances is the medical technology field. Sundheim, whose portfolio has billions invested in both public and private companies, believes the best way to tap into the AI frenzy is through public companies. PitchBook notes that the firm has made 228 investments in private companies since six years ago.

Persons: Dan Sundheim, Mala Gaonkar, Sundheim, Gaonkar, —, Lone, medtech, Julian Roberston's, Elon Organizations: Service, D1 Capital Partners, Tuesday's Invest, Kids, Business, Lone Pine, SurgoCap Partners, Institutional Investor, Tiger Cub, Viking Global, Tiger, Elon Musk's SpaceX, D1 Locations: Chicago

☆ Elon Musk has spent more than $130 million on Trump and the GOP this year
▼ + stars: | 2024-10-25 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Elon Musk's publicly disclosed spending for Trump and Republicans has exceeded $130 million. He also gave $10 million to a Mitch McConnell-aligned super PAC that helps elect Senate Republicans. AdvertisementElon Musk has now spent more than $130 million this year to elect Donald Trump and other Republican candidates, according to documents filed with the Federal Election Commission on Thursday. After pouring nearly $75 million into America PAC between July and September, Musk contributed another $43.6 million to the super PAC in the first two weeks of October. AdvertisementAltogether, Musk's publicly reported spending exceeds $130 million, though it's possible he's spent more than that on the election.

Persons: Elon Musk's, Mitch McConnell, —, Elon Musk, Donald Trump, Musk, Tony Gonzales, Musk's, Kamala Harris Organizations: Trump, Republicans, Trump " America PAC, Service, Republican, Federal, America PAC, businessman's, Leadership Fund, Senate Republicans, Leadership Alliance, National Republican Congressional Committee, House Republicans, titans, Department of Justice Locations: Tony Gonzales of Texas, Israel, Pennsylvania

☆ World Bank rolls out new strategy to boost economic opportunities for women
▼ + stars: | 2024-10-25 | by ( ) www.cnbc.com time to read: 1 min

World Bank President Ajay Banga speaks during an interview with Reuters in Washington, U.S., October 15, 2024. The World Bank announced on Thursday a new gender strategy aimed at boosting economic opportunities for women and enabling their participation in the global economy through social protection and access to broadband and capital. The Gender Strategy 2024-2030, unveiled during the International Monetary Fund and World Bank annual meetings in Washington, has set goals by 2030 that aim to enable 300 million more women to use broadband internet, unlocking essential services, financial services, education and job opportunities.

Persons: Ajay Banga Organizations: Reuters, World Bank, International Monetary Fund, Bank Locations: Washington , U.S, Washington

☆ Iceland embraced a shorter work week. Here’s how it turned out
▼ + stars: | 2024-10-25 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +3 min

London CNN —Iceland’s economy is outperforming most European peers after the nationwide introduction of a shorter working week with no loss in pay, according to research released Friday. In two large trials between 2015 and 2019, public sector employees in Iceland worked 35-36 hours per week, with no reduction in pay. The trials involved 2,500 people — more than 1% of Iceland’s working population at the time — and were aimed at maintaining or increasing productivity while improving work-life balance. Following the trials, Icelandic trade unions negotiated reductions in working hours for tens of thousands of their members across the country. That is much higher than the country’s average growth rate of almost 2% in the decade between 2006 and 2015.

Persons: Alda Organizations: London CNN, Autonomy Institute, Iceland’s Association for Sustainability, Democracy, Iceland …, International Monetary Locations: Iceland, Europe, United Kingdom, Malta, United States, Ireland

☆ What's in a title? How hedge funds and their employees use the industry's lack of consistency to their advantage
▼ + stars: | 2024-10-25 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +9 min

The lack of uniformity allows both firms and employees to present themselves in the best light. This lack of uniformity and the relentless war for talent has firms and employees alike taking advantage of the ambiguity. Rokos has two dozen employees with the title "investment officer" in their LinkedIn profiles. At Coatue, executives sign off on what employees put as their title on LinkedIn, people familiar with the firm's operations said. Members of Tiger Global's front-office team use "investor" as their title on LinkedIn instead of a more specific role.

Persons: —, David Einhorn's, James Fishback, Morgan Stanley, Goldman Sachs, Ken Griffin, Gerald Beeson, Sjoerd, Google's Paul Darrah, Jose Gamez, Rokos, Chris Rokos, Paul Enright, Townie Wells, Enright, Jain, Tiger, Marshall Wace, D.E, Shaw, allocators, Elliott, Don Steinbrugge, Steinbrugge Organizations: Service, Goldman, Bloomberg, Business, Industry, Citadel, Citadel Securities, Jain, Townie, Viking Global, Sigma, Fund, Talent, Agecroft Partners Locations: Greenlight, Miami, Palm Beach, London, Wells, Coatue

☆ German finance minister warns of retaliation if U.S. kicks off trade war
▼ + stars: | 2024-10-25 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

German Finance Minister Christian Lindner on Friday warned that if the U.S. kicked off a trade war with the European Union, there could be retaliation. Trade is one of the main pillars of the German economy, suggesting heightened tensions, uncertainty and tariffs would hit the country harder than others. Trade tensions between the U.S. and China, and the EU and China, have been rising throughout the year. Both the U.S. and EU have implemented higher tariffs and on some goods imported from China, citing unfair trade practices. China in turn has also announced higher temporary tariffs on some imports from the EU.

Persons: Christian Lindner, Janet Yellen, Lindner, CNBC's Karen Tso, Donald Trump, it's, Chancellor Olaf Scholz's, Trump Organizations: IMF, World Bank, German, European Union, International Monetary, Washington , D.C, Free Democratic Party, Chancellor Olaf Scholz's Social Democratic Party, U.S, EU, Reuters Locations: Washington , DC, U.S, Washington ,, China, EU, Germany

☆ Google, Adobe and IBM are aiming to help millions gain AI skills—here’s what to know
▼ + stars: | 2024-10-25 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

On Oct. 16, Google announced that it will award $15 million in new grants to two nonprofit organizations: The Partnership for Public Service and InnovateUS. The grants are part of Google.org's $75 million AI Opportunity Fund, an initiative aimed at helping upskill the U.S. workforce. The Partnership for Public Service will receive a $10 million grant to open the Center for Federal AI in the spring of 2025, according to a press release. The center plans to offer a federal artificial intelligence leadership program to help further educate government workers on how to evaluate potential use cases for AI and increase AI literacy. In September, Google also committed to investing $25 million in nonprofits focused on training educators and students around the U.S. on AI literacy and generative AI tools.

Organizations: Google, Public Service, Opportunity Fund, Federal AI Locations: Google.org's

☆ Arthur Blank joins 'Business Leaders for Harris' as his former business partner funnels money to Trump
▼ + stars: | 2024-10-25 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +3 min

Home Depot cofounder and billionaire Arthur Blank joins business leaders supporting Harris. The group "Business Leaders for Harris" also includes Mark Cuban, Reid Hoffman, and Reed Hastings. AdvertisementA group of prominent business leaders supporting Vice President Kamala Harris is expanding its ranks to include Arthur Blank, co-founder of Home Depot and owner of the Atlanta Falcons. In a statement about joining Business Leaders for Harris, Blank celebrated Harris' commitment to his core value of inclusion. In addition to Blank, Fulbright Bank chairman and former Democratic congressman John Delaney joined Business Leaders for Harris.

Persons: Arthur Blank, Harris, Mark Cuban, Reid Hoffman, Reed Hastings, —, Kamala Harris, Bernie Marcus, Donald Trump's, Marcus, MAGA, Marc Andreesen, Bill Ackman, Elon Musk, Trump, She's, Blank, John Delaney Organizations: Trump, Service, Home Depot, Atlanta Falcons, titans, Netflix, GOP, Depot, Blank, Business, Fulbright Bank, Democratic, YouTube Locations: Pennsylvania , Michigan, Wisconsin

☆ SpaceX Polaris Dawn crew reveals impacts of history-making mission
▼ + stars: | 2024-10-25 | by ( Jackie Wattles | ) edition.cnn.com time to read: +9 min

His crewmate Anna Menon, a SpaceX engineer who was the Polaris Dawn mission’s medical officer, said she was struck by space adaptation syndrome. The Polaris Dawn crew poses in space, from left: Sarah Gillis, Jared Isaacman, Scott Poteet and Anna Menon. Sarah Gillis wears a special contact lens in this photo taken prior to the Polaris Dawn flight on April 29. In all, the Polaris Dawn team carried out 36 experiments on behalf of 31 partner institutions, including universities and NASA. Courtesy TIME StudiosAnother experiment that the Polaris Dawn crew underwent to understand in-space ailments involved a series of MRI scans just before liftoff and immediately after returning to Earth.

Persons: ” Scott “ Kidd ” Poteet, CNN’s Dr, Sanjay Gupta, Anna Menon, Polaris Dawn, ” Menon, “, —, NASA —, Sarah Gillis, Jared Isaacman, Scott Poteet, Isaacman, ” Isaacman, … That’s, ”, Earth’s Van Allen, Poteet, John Kraus, Menon, you’re, Dr, Allison Hayman, Uber, Donna Roberts, Roberts, Gillis, It’s, ” Gillis Organizations: CNN, Polaris, US Air Force, SpaceX, NASA, Polaris Program, Polaris Program NASA, University of Colorado, TIME, ISS, Laboratory Locations: University of Colorado Boulder

Mārtiņš Kazāks, Bank of Latviawatch nowOn a 50-basis-point rate cut: "Well, everything should be on the table, you know, given what the data tells us. Klaas Knot, Netherlands central bankwatch now"Are we risking a structural undershoot of our inflation target? Joachim Nagel, German central bankwatch nowOn rate cuts: "This discussion about 25 or maybe something different is not helpful. On rate cuts: "The direction is clear. Gediminas Šimkus, Bank of Lithuaniawatch nowOn rate cuts: "We are clearly moving ... towards the direction of easing monetary policy.

Persons: Karen Tso, Pierre Wunsch, I'm, we've, Mario Centeno, Klaas, It's, Robert Holzmann, Joachim Nagel, disinflation, Volcker, Olli Rehn, it's, Gediminas Šimkus, Boris Vujčić Organizations: European Central Bank, International Monetary, Bank of Latvia, National Bank of Belgium, Bank of Portugal, Austrian National Bank, Bank of France, Bank of Finland, Bank of Lithuania, Croatian National Bank Locations: Washington ,, Kazāks, Netherlands, German, Galhau, Europe

☆ Watch Thursday's full episode of Mad Money with Jim Cramer — October 24, 2024
▼ + stars: | 2024-10-25 | 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 EmailWatch Thursday's full episode of Mad Money with Jim Cramer — October 24, 2024"Mad Money" host and former hedge fund manager, Jim Cramer, provides stock traders with all manner of investing advice.

Persons: Jim Cramer —, Jim Cramer

A Democratic super PAC is hitting the airwaves in Texas, looking to boost Rep. Colin Allred by focusing on abortion in his underdog but increasingly competitive race against GOP Sen. Ted Cruz. Democrats haven't won a statewide race in Texas in 30 years, though they have forced some close contests in recent elections. “In such an important election, Senate Majority PAC is determined to make sure Texans understand the choice facing them this November. Rep. Colin Allred, D-Texas, at an early voting center in Dallas, Texas, just before he voted. Cruz and McConnell have a tumultuous history in the Senate, particularly after Cruz called McConnell a “liar” on the Senate floor in 2015.

Persons: Colin Allred, GOP Sen, Ted Cruz, Democrats haven't, Nancy, ”, Ted Cruz’s, ” Nancy, that’s, JB Poersch, Cancún Cruz, ” Cruz, Allred, Kamala Harris, “, Colin Allred’s, Donald Trump, Cruz, Beto O’Rourke, Sen, Frank Thorp V, “ He’s, ” Allred, Wade, “ I’m, Mitch McConnell, McConnell, they’ve, Harris, Beyonce, who’s Organizations: Democratic, PAC, GOP, Houston, NBC News, Republican, Democrats, Texans, Texas, Former Democratic Rep, NBC, Leadership Fund, Labor, NBC News Republicans, Courage PAC, Social Security Locations: Texas, Dallas, San Antonio, Montana and Ohio, Pearland , Texas, Cancun, Ky, Dallas , Texas, Washington, ”, Houston

Republicans are making a last-ditch effort to flip Nevada's Senate seat, optimistic that a strong performance from former President Donald Trump in the state could boost Republican Senate candidate Sam Brown. Senate Leadership Fund, the main GOP super PAC involved in Senate races, is planning to spend $6.2 million on TV, radio and digital ads in Nevada, according to ad spending figures shared first with NBC News. SLF has spent tens of millions of dollars in other Senate battlegrounds in recent months. “It might be the best environment Republicans have seen in a presidential year in 20 years,” Nevada GOP strategist Jeremy Hughes recently told NBC News. Since Labor Day, Democrats have spent a combined $38.3 million on ads in Nevada, while Republicans have spent $27.6 million.

Persons: Donald Trump, Sam Brown, Rosen, SLF, Democratic Sen, Jacky Rosen's, Jacky Rosen, Steven Law, Trump, Joe Biden, Catherine Cortez Masto, Jeremy Hughes, Brown, Harris Organizations: Fund, GOP, PAC, NBC, Republicans, Democratic, Democrats, ”, ” Nevada Republicans, Army, Trump, AARP, Labor, National Republican Senatorial Committee, Senate Locations: Nevada, ” Nevada, Montana and Ohio, Michigan , Pennsylvania, Wisconsin, Nebraska

☆ Philippine preacher denies accusations of sexual abuse
▼ + stars: | 2024-10-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

Quiboloy, 74, denied the claims, saying: “There is no truth to what they said.” He challenged the accusers to file charges regarding the new allegations. Teresita Valdehueza told senators she left the church after 19 years of membership in 1999 due to the alleged abuse. “If you say I do not want, he will say you did not overcome your flesh. Quiboloy was arrested last month after thousands of police officers searched his sprawling compound in the southern city of Davao. Former President Duterte and his daughter, Vice President Sara Duterte, have accused the police of rights violations and abuse of power in arresting Quiboloy, widening the rift between the Duterte family and President Ferdinand Marcos Jr.’s administration.

Persons: Apollo Quiboloy, “, God ”, of Jesus Christ, ”, Teresita Valdehueza, God, ” Valdehueza, undressed, ” Yulya, Quiboloy, Tartova, Rodrigo Duterte, Duterte, Sara Duterte, Ferdinand Marcos Jr Organizations: Federal Bureau of Investigation Locations: MANILA, Philippines, Philippine, of, Ukrainian, Davao, United States

☆ Novo Nordisk's diabetes drug Ozempic may reduce the risk of Alzheimer's disease, study says
▼ + stars: | 2024-10-24 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

Novo Nordisk 's blockbuster diabetes drug Ozempic may reduce the risk of developing Alzheimer's disease, suggesting its potential to delay or prevent the memory-robbing condition, according to a study released Thursday. Alzheimer's disease is often diagnosed in the mild dementia stage, when a person has significant trouble with memory and thinking. But the number of Alzheimer's patients is projected to rise to almost 13 million in the U.S. by 2050. Novo Nordisk, which did not fund the new Case Western study, is also examining semaglutide in a late-stage study on Alzheimer's patients. In the liraglutide research, data from a midstage trial found that the drug may slow the progression of Alzheimer's disease by protecting patients' brains.

Persons: Semaglutide, Dr, Rong Xu, it's, Xu, Eli Lilly, Wegovy, Eli Lilly's Organizations: Novo Nordisk, Alzheimer's Association, Case Western Reserve University, CNBC, Nordisk, Case, National Institutes of Health, GLP Locations: U.S, Novo

☆ Commercial real estate foreclosures jumped almost 50% in September, report says
▼ + stars: | 2024-10-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Commercial real estate foreclosures spiked last month. AdvertisementCommercial real estate foreclosures jumped on a monthly and year-over-year basis in September, according to real estate data and analytics firm ATTOM. Commercial foreclosures saw the biggest year-over-year increase in California, with foreclosures on commercial buildings soaring 238% from the same time last year. In New York, foreclosures rose 48% year-over-year, while in Florida, foreclosures rose 49% year-over-year. Related storiesReal estate experts have been warning of more distress to come for commercial real estate, particularly in the office segment.

Persons: ATTOM, — Organizations: Service, Mortgage, Association, International Monetary Fund Locations: California, ATTOM's, New York, Florida

☆ Britain announces major change to fiscal rules to free up billions in spending
▼ + stars: | 2024-10-24 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

U.K. Finance Minister Rachel Reeves on Thursday confirmed she intends to change the country's fiscal rules in the October budget, a move designed to free up billions of pounds for investment. Writing in The Financial Times on Thursday, Reeves said her "investment rule" will "get debt falling as a proportion of our economy." A Treasury spokesperson declined to comment when asked whether the fiscal rule change would target PSNFL in the U.K.'s measure of debt. The Institute for Fiscal Studies, an influential think tank, said on Sept. 30 that a change in the fiscal rules to target PSNFL would offer as much as £50 billion ($64.8 billion) of additional headroom for the government. Reeves confirmed the change to Britain's fiscal rules during a trip to the International Monetary Fund's annual meetings in Washington.

Persons: Rachel Reeves, Labour government's, Reeves, Keir Starmer Organizations: Britain's, Finance, Labour, Financial, Treasury, Fiscal Studies, International Monetary Locations: Washington

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