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Tito Jackson, an original member of the hit-making pop group the Jackson 5, has died, his family confirmed Monday. NBC Los Angeles spoke to a family member who confirmed the death. Jackson was a founding member of the group of five brothers, along with Jackie, Jermaine, Marlon and Michael, who shot to fame in the late 1960s and 1970s with a string of hits. Tito Jackson was nominated for three Grammys and inducted into the Rock and Roll Hall of Fame in 1997 as a member of the Jackson 5. This is a developing story, check back here for updates soon.
Persons: Tito Jackson, Jackson, Jackie, Jermaine, Marlon, Michael Organizations: Jackson, NBC, Hall of Fame Locations: Angeles
China has freed David Lin, a U.S. pastor who had been in jail since 2006, the State Department said Sunday, marking the release of a man who Washington claims was wrongfully detained. U.S. politicians had for years urged Beijing to free Lin, who was jailed for life on charges of contract fraud. “We welcome David Lin’s release from prison in the People’s Republic of China. American pastor David Lin and his daughter Alice in 1984. Bring Our Families Home Campaign/ Alice LinLin’s daughter Alice earlier told Politico that her 68-year-old father would be arriving in San Antonio, Texas.
Persons: David Lin, Washington, Lin, David Lin’s, , Alice, Alice Lin Lin’s, , ” Politico, Joe Biden, Xi Jinping, Kai Li, Mark Swidan, Li, Swidan Organizations: State Department, Politico, Senate Foreign Locations: China, U.S, Beijing, People’s Republic of China, United States, San Antonio , Texas, Mark Swidan . Washington
Japanese-language TV series “Shōgun” dominated the drama series categories at the Emmy Awards on Sunday, winning four categories: best drama, best directing for a drama series, outstanding lead actor in a drama series and outstanding lead actress in a drama series. "It was an East-meets-West dream project with respect," Hiroyuki Sanada, who plays Yoshii Toranaga, said in accepting the award for lead actor in a drama series. Katie Yu / FXIn addition to the big acting awards, “Shōgun” was also nominated for a host of technical awards, like production design, original dramatic score and stunt performance. I'm a mess today," Anna Sawai said accepting her award for best actress in a drama series. Lead actor Lee Jung-jae became the first Asian to win the award for outstanding lead actor in a drama series.
Persons: , , Japan that’s, Hiroyuki Sanada, Yoshii Toranaga, Katie Yu, “ Shōgun ”, ” Néstor Carbonell, Anna Sawai, Sawai, Toda Mariko, Lee Jung, jae, Sanada Organizations: Creative Arts, FX, Disney, Variety, Korean Netflix Locations: Japan, East, U.S, Korean,
It was a who’s who of Hollywood stars on the red carpet for the 76th Primetime Emmy Awards on Sunday night in Los Angeles. Jennifer Aniston, who was nominated for best actress in a drama for “The Morning Show,” wowed in a gorgeous strapless gown, which she paired with Tiffany & Co jewelry. She was nominated for her role as Alex Levy, a morning TV anchor on the hit Apple TV+ show. Naomi Watts walked the carpet with her husband, Billy Crudup, in a stunning emerald green gown. Crudup won for his role on “The Morning Show,” and Watts was nominated for her role as Babe Paley in “Feud: Capote vs. the Swans.”
Persons: Jennifer Aniston, , Tiffany, Alex Levy, Naomi Watts, Billy Crudup, Crudup, Watts, Babe Paley Organizations: Hollywood, Swans Locations: Los Angeles,
Four people were wounded at a Brooklyn train station Sunday when police officers shot at a man threatening them with a knife, authorities said. The bloody confrontation began when two officers confronted a man who entered the station without paying his fare, officials said. They followed him on to a train that had pulled into the station and fired two Tasers, but neither incapacitated the man, Maddrey said. Mayor Eric Adams visited the wounded officer in the hospital Sunday, ahead of a news conference addressing the shooting. In 2019, NYPD officers accidentally shot and killed two fellow officers while confronting crime suspects in separate on-duty incidents.
Persons: Thomas Donlan, , Jeffrey Maddrey, “ I’m, ” Maddrey, Maddrey, Eric Adams, I’m, Janno Lieber, Lieber Organizations: Interim Police, Democrat, NYPD, Metropolitan Transportation Locations: Brooklyn, Brownsville
Week 2 of the NFL gave us some shocking upsets, an AFC thriller and some spectacular individual performances. That allowed the Chiefs to stay within a field goal — as did Cincinnati’s offensive struggles. After a Mahomes interception, Bengals quarterback Joe Burrow was strip-sacked, and the fumble was recovered for a score on the next possession. Is the Saints’ offense really this good? The Saints scored touchdowns on five straight possessions to open the game, sandwiching long drives around explosive plays.
Persons: Harrison, Ja'Marr Chase, Patrick Mahomes, Joe Burrow, Alvin Kamara, What’s, Derek Carr, J.J . McCarthy, Sam Darnold, Justin Jefferson, Christian McCaffrey, San, Brock Purdy, Baker Mayfield, Jared Goff, Goff, Deshaun Watson, Trevor Lawrence didn’t Organizations: NFL, AFC, Chiefs, Kansas City Chiefs, Cincinnati Bengals, Kansas, Bengals, Kansas City, Saints, Carolina Panthers, New, New Orleans Saints, Dallas Cowboys, Panthers, Cowboys, Cleveland Browns, Vikings, Minnesota Vikings, San Francisco 49ers, Minnesota, 49ers, San Francisco, Buccaneers, Tampa Bay Buccaneers, Lions, Tampa, Jaguars, Browns, Jacksonville Jaguars, Cleveland, Jacksonville Locations: New Orleans, Detroit, Mayfield, Tampa, Tampa Bay
Ryan Wesley Routh, 58, was taken into custody after shots were fired at Trump International Golf Club in West Palm Beach on Sunday, three senior law enforcement sources said. In 2002, court records show, he was convicted of possessing a weapon of mass destruction — the machine gun. Most recently, a Ryan Routh lived in the small coastal community of Kaawa on Oahu’s eastern shore in Hawaii. Ryan Routh Ryan Routh FacebookAfter the 2002 arrest, authorities allegedly found the suspect in possession of a fully automatic machine gun, according to the Greensboro News & Record report. On Sunday, Palm Beach State’s Attorney Dave Aronberg said on MSNBC’s “Ayman,” with Ayman Mohyeldin and Ali Velshi, that the federal government is taking over prosecution in the West Palm Beach case, with the U.S. Justice Department expected to file any charges.
Persons: Donald Trump, Ryan Wesley Routh, Ryan Routh, Routh, Ryan Routh Ryan Routh, There’s, Dave Aronberg, MSNBC’s “ Ayman, , Ayman Mohyeldin, Ali Velshi, Aronberg, , ” Aronberg Organizations: Trump International Golf Club, Greensboro News, Authorities, Trump International, U.S . Justice, Trump, Secret Service Locations: West Palm Beach, Greensboro , North Carolina, North Carolina, Kaawa, Hawaii, Carolina, Guilford County, Greensboro, Fla, Stephany, Beach, Palm, Martin County
Here's a full list of the winner's from Sunday night's 76th Primetime Emmy Awards, so far. Supporting actress in a limited or anthology series:WINNER: Jessica Gunning, “Baby Reindeer”Dakota Fanning, “Ripley”Lily Gladstone, “Under The Bridge”Aja Naomi King, “Lessons In Chemistry”Diane Lane, “Feud: Capote vs. The Swans”Nava Mau, “Baby Reindeer”Kali Reis, “True Detective: Night Country”Outstanding reality competition program:WINNER: “The Traitors”“The Amazing Race”“RuPaul’s Drag Race”“Top Chef”“The Voice”Outstanding lead actress in a comedy seriesWINNER: Jean Smart, “Hacks”Quinta Brunson, “Abbott Elementary”Ayo Edebiri, “The Bear”Selena Gomez, “Only Murders in the Building”Maya Rudolph, “Loot”Kristen Wiig, “Palm Royale”Supporting actress in a drama series:WINNER: Elizabeth Debicki, “The Crown Netflix”Christine Baranski, “The Gilded Age”Nicole Beharie, “The Morning Show”Greta Lee, “The Morning Show”Lesley Manville, “The Crown”Karen Pittman, “The Morning Show”Holland Taylor, “The Morning Show”Supporting actress in a comedy series:WINNER: Liza Colón-Zayas, “The Bear”Carol Burnett, “Palm Royale”Hannah Einbinder, “Hacks”Janelle James, “Abbott Elementary”Sheryl Lee Ralph, “Abbott Elementary”Meryl Streep, “Only Murders In The Building”Outstanding lead actor in a comedy series:WINNER: Jeremy Allen White, “The Bear”Matt Berry, “What We Do in the Shadows”Larry David, “Curb Your Enthusiasm”Steve Martin, “Only Murders in the Building”Martin Short, “Only Murders in the Building”D’Pharaoh Woon-A-Tai, “Reservation Dogs”Supporting actor in a drama series:WINNER: Billy Crudup, “The Morning Show”Tadanobu Asano, “Shōgun”Mark Duplass, “The Morning Show”Jon Hamm, “The Morning Show”Takehiro Hira, “Shōgun”Jack Lowden, “Slow Horses”Jonathan Pryce, “The Crown”Supporting actor in a comedy seriesWINNER: Ebon Moss-Bachrach, “The Bear”Lionel Boyce, “The Bear”Paul W. Downs, “Hacks”Paul Rudd, “Only Murders In The Building”Tyler James Williams, “Abbott Elementary”Bowen Yang, “Saturday Night Live”
Persons: Jessica Gunning, Dakota Fanning, “ Ripley, Lily Gladstone, Aja Naomi King, Diane Lane, Nava, Kali Reis, , , Jean Smart, ” Quinta Brunson, “ Abbott, Selena Gomez, Maya Rudolph, ” Kristen Wiig, Elizabeth Debicki, Netflix ” Christine Baranski, Nicole Beharie, Greta Lee, Lesley Manville, Karen Pittman, Holland Taylor, Liza Colón, Zayas, Carol Burnett, Hannah Einbinder, ” Janelle James, ” Sheryl Lee Ralph, Meryl Streep, Jeremy Allen White, Matt Berry, Larry David, Steve Martin, Martin, D’Pharaoh Woon, Billy Crudup, Tadanobu Asano, “ Shōgun, Mark Duplass, Jon Hamm, Takehiro Hira, Jack Lowden, Jonathan Pryce, Ebon Moss, Bachrach, Lionel Boyce, Paul, ” Paul Rudd, ” Tyler James Williams, ” Bowen Yang Organizations: Netflix Locations:
Washington CNN —It’s a pivotal week for the US economy, with the Federal Reserve expected to cut interest rates for the first time since 2020. Fed officials and investors have long anticipated that borrowing costs would come down in 2024 — at some point — according to their economic forecasts. But nine months in, rate cuts still haven’t happened, drenching Wall Street’s parade and leaving US consumers squeezed by elevated interest rates. Here’s why the Fed didn’t cut soonerIt’s simple: The Fed didn’t cut interest rates sooner because it could have reignited inflation or left it stuck above the central bank’s target. Bond yields, which move in anticipation of the Fed’ decisions on rates, have come down over the past several weeks based on signs encouraging the Fed to cut rates, such as weaker-than-expected employment data and cooling inflation.
Persons: Washington CNN — It’s, it’s, ” Oscar Muñoz, ” Muñoz, Jerome Powell, Powell, Donald Trump, Joe Biden, “ Jerome Powell’s, ” Philipp Carlsson Organizations: Washington CNN, Federal Reserve, Fed, Wall, TD Securities, CNN, Kansas City, Capitol, White, Boston Consulting Group Locations: , Jackson Hole , Wyoming
Shares of India's Bajaj Housing Finance more than doubled Monday on their market debut, reflecting strong demand from investors looking to play the country's growing real estate sector. Bajaj Housing Finance's blockbuster IPO last week drew bids worth $39 billion, with shares being oversubscribed nearly 64 times. After Monday's debut the total market cap of the company was pegged at about $15.6 billion (1,331.59 billion rupees), exchange data showed. Bajaj Housing Finance, headquartered in Pune, caters to more than 88.11 million customers across the country, according to the company's website. It also provides loans against property for business or personal needs as well as working capital for business expansion purposes.
Organizations: India's Bajaj Housing Finance, National Stock Exchange, Bajaj Housing, Bajaj Housing Finance, Bajaj Finance Locations: India, Pune
The Philippines would expect US intervention should China take the BRP Sierra Madre warship. Tensions between China and the Philippines are increasingly high in the contested South China Sea. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs pressure builds in the South China Sea amid frequent clashes, the Philippines is drawing a line: should China take a rusted warship outpost marking Manila's territory, the Philippines would expect US intervention.
Persons: Thomas, , of National Defense Gilberto Teodoro Organizations: BRP Sierra, Service, CBS, of National Defense, Business Locations: Philippines, China, Sierra, South, Philippine, Manila, Beijing
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed Chair Powell is 'probably sympathetic' to a 50 basis point rate cut: JPMorgan's Kelsey BerroKelsey Berro, JPMorgan Asset Management fixed income portfolio manager, joins 'Squawk Box' to discuss the Fed's interest rate decision this week, what to expect from the central bank meeting, rate path outlook, state of the economy, latest market trends, and more.
Persons: Powell, JPMorgan's Kelsey Berro Kelsey Berro Organizations: JPMorgan, Management
The Wall Street investment bank sees the S & P 500 rising about 6% to 6,000 in the next 12 months from Friday's close of 5,626.02. "Resilient economic growth should lead to modestly higher bond yields while continued earnings growth drives modestly higher equity prices," David Kostin, Goldman's head of U.S. equity, said in a note to clients on Friday. Wall Street is counting on lower corporate and consumer borrowing costs to boost earnings growth and stock prices. With multiples flat, EPS growth will lead the S & P 500 modestly higher." Goldman believes stocks with a "long duration" could outperform in a falling interest rate environment.
Persons: Goldman Sachs, Goldman, David Kostin, Kostin, Russell, Goldman's Organizations: Federal Reserve, Electric, Rivian Automotive, Lucid, Costco Wholesale Locations: U.S, Friday's
A view of the Navigli in Milan, Italy on May 20, 2024. LONDON — European stocks were set to open higher Monday as investors prepared for a bumper week of interest rate decisions from the U.S Federal Reserve and the Bank of England. The FTSE 100 was seen opening 4 points higher at 8,278, Germany's DAX up 27 points at 18,713, France's CAC 7 points higher at 7,468 and Italy's FTSE MIB up 30 points at 33,583, according to IG data. The pan-European Stoxx 600 closed higher on Friday and added 1.09% for the week as positive momentum returned to the market. With a U.S. rate cut now all but guaranteed, investors are waiting to see by how much the Fed will cut rates on Wednesday, and what guidance chair Jerome Powell will give on the future path for monetary policy.
Persons: Germany's DAX, Jerome Powell Organizations: LONDON, U.S Federal Reserve, Bank of England, CAC Locations: Milan, Italy
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKBW CEO Tom Michaud on the Fed's rate decision, state of banking sector and Basel III requirementsThomas Michaud, KBW president and CEO, joins 'Squawk Box' to discuss this week's Fed interest rate decision, what to make of the recent volatility in bank stocks, impact of new Basel III requirements on the banking sector, and more.
Persons: Tom Michaud, Thomas Michaud Locations: Basel
If you're looking to build wealth, traditional forms of investment aren't going to get you there — at least according to young, rich people. For younger wealthy investors, though, stocks come in behind seven other types of investments, including real estate, cryptocurrency, private equity and direct investment into companies. Klontz says that younger wealthy investors may be falling victim to some of the same cognitive biases that regular investors do — and it may be holding them back from maximizing their returns. Young people have ignored traditional advice 'for thousands of years'In general, it's not surprising that younger investors, regardless of wealth level, want to chart a different path than older generations. DON'T MISS: How to master your money and grow your wealth Older investors tend to favor the returns offered by stocks, because that is what has historically delivered returns.
Persons: Brad Klontz, Klontz, it's, Everything's, They're Organizations: of America Private Bank, Wealthy, Creighton University
Evercore ISI lowered its price target on Alphabet to $200 from $225 , citing antitrust worried. Analyst Atif Malik's $130 price target, up from $119, implies that the stock could rally 17% from here. The firm upgraded the software giant to a buy rating and hiked its price target to $210 from $155. The investing firm downgraded the online bank to neutral from buy and removed its $44 price target. — Lisa Kailai Han 5:49 a.m.: Evercore ISI trims Alphabet price target Alphabet's antitrust issues will limit upside going forward, according to Evercore ISI.
Persons: Atif, Malik, — Lisa Kailai Han, Ben Reitzes, Reitzes, BTIG, Vincent Caintic, Caintic, Lisa Kailai Han, KeyBanc, Justin Patterson, Patterson, GE Vernova, Julian Mitchell nodded, Mitchell, Mark Mahaney, Mahaney, Fred Imbert Organizations: CNBC, ISI, Barclays, GE Vernova, Citi, Oracle Melius Research, Oracle, Ally, Spotify, TAM, GE, General Electric, Electric Utilities, DOJ, Google, Microsoft, TAC Locations: Friday's, MI, United States, U.S
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I spent the next three years with the company in India, then moved to the company's office in Dubai for two years, and then to Amsterdam. I enjoyed being done with work by 5 or 6 p.m. and having the rest of the day to myself. I'd been watching India's growth since I left and felt like I had missed the boom by leaving in 2014. I also felt like there was no career growth for me in Europe.
Persons: , Sarvesh Rajagopal, it's, I'd, I'm Organizations: Service, United Arab, McKinsey, Business, ING, Indian Institute of Management Locations: United Arab Emirates, Netherlands, Germany, India, Dubai, Amsterdam, Berlin, Europe, Ukraine, Latin America
CNN —“Reservation Dogs” star D’Pharaoh Woon-A-Tai made a powerful statement on the red carpet at Sunday’s Emmy Awards ceremony, pairing a black tuxedo with what looked like a bloody red handprint smeared across his mouth. The murder rate for women on reservations in the United States is 10 times higher than the national average, and murder is the third leading cause of death for Native women, according to the Urban Indian Health Institute. In Canada, the number of Indigenous women and girls who have been killed or vanished is in the thousands. In 2016, the government launched a national inquiry into missing and murdered women and girls. Actresses Kali Reis and Lily Gladstone also made history at this year’s Emmys, becoming the first Indigenous women to be nominated in the acting category, according to Variety.
Persons: D’Pharaoh Woon, Tai, , , Woon, Bear, Kali Reis, Lily Gladstone Organizations: CNN, Cree, Nations, Variety, North, Urban Indian Health Institute, Canadian, Amnesty, Canadian Press Locations: Oji, North America, United States, Canada, Ontario, , Oklahoma
Oil prices inch up on Fed rate cut outlook
  + stars: | 2024-09-16 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices edged up in early trade on Monday amid expectations of a U.S. interest rate cut this week, though gains were capped by U.S. supply resumptions following Hurricane Francine and weaker China data. Brent crude futures for November were up 15 cents, or 0.2% at $71.76 a barrel at 0015 GMT. U.S. crude futures for October were up 23 cents, or 0.3%, at $68.88 a barrel. Still, nearly a fifth of crude oil production and 28% of natural gas output in the Gulf of Mexico remain offline in the hurricane's aftermath. A key factor that will dominate the market this week is how aggressive a rate cut the U.S. Federal Reserve will deliver following its Sept. 17-18 meeting.
Persons: Francine, Donald Trump, Benjamin Netanyahu, Israel Organizations: Brent, U.S . Federal, FedWatch, ANZ, Republican Locations: Tatarstan, Russia, U.S, China, Mexico, Gulf, Florida, Iran, Israel
Axis AMC CIO: Banking earnings to "be more muted" this year
  + stars: | 2024-09-16 | 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 EmailAxis AMC CIO: Banking earnings to "be more muted" this yearAshish Gupta, CIO at Axis Mutual Fund sees a pickup in Indian IPOs in response to increased demand to invest in the Indian market, but a more muted earnings picture for banks as the Reserve Bank of India looks to cut rates in 2024.
Persons: Ashish Gupta Organizations: Mutual Fund, Reserve Bank of Locations: Reserve Bank of India
ET, the yield on the 10-year Treasury was less than one basis point lower at 3.6401%. U.S. Treasury yields were slightly lower on Monday as investors looked ahead to this week's Federal Reserve meeting and interest rate decision. The Federal Reserve meeting and interest rate decision are top of mind for investors this week, with the central bank's meeting kicking off Tuesday and concluding Wednesday. Markets are anticipating a rate cut from the Fed, the first since it began hiking rates in March 2022, but uncertainty about how big the reduction will be has been widespread. The central bank is also set to publish its latest economic projections on Wednesday.
Persons: Jerome Powell Organizations: Treasury, U.S, Reserve, Federal Reserve, Fed, Bank of England
Kevin Dietsch | Getty ImagesA flurry of major central banks will hold monetary policy meetings this week, with investors bracing for interest rate moves in either direction. The U.S. central bank is widely expected to join others around the world in starting its own rate-cutting cycle. Elsewhere, Brazil's central bank is scheduled to hold its next policy meeting across Tuesday and Wednesday. Traffic outside the Central Bank of Brazil headquarters in Brasilia, Brazil, on Monday, June 17, 2024. The central bank delivered its first interest rate cut in more than four years at the start of August.
Persons: Jerome Powell, William McChesney Martin, Kevin Dietsch, John Bilton, CNBC's, Bilton, David Volpe, Volpe, 25bps, Wilson Ferrarezi, BOE, Ruben Segura Cayuela Organizations: Federal Reserves, Washington , D.C, Federal, Traders, The Bank of England, Norway's Norges Bank, South Africa's, Bank, Bank of Japan, Morgan Asset Management, European, Bank of England, ECB, Emerald Asset Management, Banco Central, TS Lombard, Central Bank of, Bloomberg, Getty, Reuters, Bank of America Locations: Washington ,, U.S, Brazil's, Brazil, Central Bank of Brazil, Brasilia, South Africa, Norway, Japan
An undated selfie shows Ryan W. Routh, a suspect identified by news organizations, as the FBI investigates what they said was an apparent assassination attempt in Florida on Republican presidential nominee and former U.S. President Donald Trump, in this image obtained from social media. The suspect in an apparent assassination attempt against former President Donald Trump is making his first appearance Monday in federal court in Florida. Routh was arrested Sunday after U.S. Secret Service agents opened fire near Trump's golf course in West Palm Beach while the Republican nominee was playing a round. The incident could mark the second assassination attempt against him in two months. Trump's ear was grazed by a bullet during a prior assassination attempt at a campaign rally in Pennsylvania in July.
Persons: Ryan W, Routh, Donald Trump, Ryan Wesley Routh, Judge Ryon McCabe, Trump, Thomas Matthew Crooks, Kamala Harris, Joe Biden Organizations: FBI, Republican, West Palm Beach, NBC, NBC News, Secret Service, Nissan, Democratic, House Locations: Florida, U.S, West Palm, Trump's, Pennsylvania, America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDonovan: Political violence generally doesn't influence election outcomes. Paul Donovan, Chief Economist at UBS Global Wealth Management and a member of the bank's Election Watch 2024 research team, believes political violence, like assassination attempts, generally doesn't influence election outcomes.
Persons: Donovan, Paul Donovan Organizations: UBS Global Wealth Management
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