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S&P 500 futures ticked up 0.1% and Nasdaq 100 futures were flat. Goldman Sachs predicts that a Trump win and Republican sweep of Congress would spark a 3% pop in the S&P 500. Even a Trump win and a divided Congress would cause about a 1.5% gain, the bank predicts. On the other hand, a Harris win with a divided Congress would cause a 1.5% drop in the S&P 500, the bank told its clients. The stock market staged a broad rally Tuesday before the election results were in with the S&P 500 gaining 1.2%, bringing the benchmark's 2024 gains to more than 21%.
Persons: Donald Trump, Kamala Harris, Goldman Sachs, Harris, Trump, Jason Trennert, Dow Organizations: New York Stock Exchange, Stock, Futures, Dow Jones, Nasdaq, America, Investors, Republican, Democratic, Trump, Traders Locations: Kentucky, Indiana
The yield on 10-year Treasury was last down by over six basis points, hovering around the 4.3% mark. The yield on the 2-year Treasury was last down by more than three basis points to 4.1661%. U.S. Treasury yields were lower on Monday as investors braced for a busy week which will see voters head to the polls for the U.S. presidential election and the Federal Reserve's next interest rate decision. Investors are also focused on the Fed's interest rate decision at the central bank's policy meeting on Thursday. Traders are were last pricing in a 99% chance of a quarter-point interest rate cut, according to CME Group's FedWatch tool.
Persons: Kamala Harris, Donald Trump, Jerome Powell Organizations: Treasury, U.S, Federal, U.S . House, NBC, PMI
A sign disparaging Bud Light beer is seen along a country road on April 21, 2023 in Arco, Idaho. Anheuser-Busch, the brewer of Bud Light has faced backlash after the company sponsored two Instagram posts from a transgender woman. Retailers are facing a tough equation as they head into the all-important holiday shopping season — this time over DEI initiatives. CNBC spoke with a number of retail industry insiders, strategists and staffers who spoke on the condition of anonymity to do so candidly. Last year, Anheuser-Busch -owned Bud Light and Target faced severe blowback for marketing campaigns and product collections geared toward the LGBTQ community and saw sales fall as a result.
Persons: Bud, Bud Light, Robby Starbuck, it's, Molson Coors Organizations: Anheuser, Busch, CNBC, Retailers, Supply, Ford, Molson, Pride, Human Rights, Google, Supreme, Bud Light, Target Locations: Arco , Idaho
Stock futures were little changed in overnight trading ahead of Tuesday's high-stakes U.S. presidential electionFutures tied to the Dow Jones Industrial Average added 20 points. S&P 500 futures and Nasdaq-100 futures inched about 0.1% higher. The latest poll from NBC News suggests the race is "neck and neck" between former President Donald Trump and Vice President Kamala Harris. The results could heavily affect where stocks end the year, but investors may want to brace for some near-term choppiness. Traders are pricing in 98% odds of a quarter-point cut following September's half-point reduction, according to CME Group's FedWatch Tool.
Persons: Stocks, Dow, Donald Trump, Kamala Harris, Adam Parker, Jerome Powell Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, NXP, U.S, Treasury, NBC News, Congress, Republicans, CNBC, Super Micro, Yum Brands
Octavio Jones | ReutersExecutives at America's largest companies are talking publicly with investors about the presidential election more so than in recent cycles. The word "election" came up on 100 earnings calls of S&P 500 -listed firms between Sept. 15 and Oct. 31, according to FactSet. The U.S. presidential election is Tuesday Nov. 5. 'Prudent' clientsMultiple companies cited a feeling of unpredictability tied to the presidential race among consumers and business clients. To be sure, some of the "election" mentions this year were tied to unrelated events like enrollment periods for health care.
Persons: Blythe Andrews , Jr, Octavio Jones, Kamala Harris, Donald Trump, Richard Tobin, FactSet, John Butters, Harris, Trump, Harry Lawton, Hurricanes Helene, Andrew Watterson, Michael Bayley, Gary Hershorn, Stanley Black, Decker, Donald Allan, Decker's Allan, William Grogan, Jon Vander Ark, Eric Ashleman, hasn't, Nonfarm payrolls, Equifax, Mark Begor, Stephen Squeri, we've, Mark Parrell Organizations: Public, Reuters, America's, CNBC, U.S, Dover, Tractor Supply, Hurricanes, Southwest Airlines, Royal, Hollywood International Airport, Corbis, Republican, Republic, Boeing, Tyler Technologies, American Express, Equity Locations: Tampa , Florida, U.S, Milton, Royal Caribbean, Fort Lauderdale, Fort Lauderdale , Florida, America, China
For a century, student journalists at Howard University have chronicled life on the campus in Washington, D.C., including commencement addresses by seven presidents, celebrity visits and other monumental occasions. Vice President Kamala Harris will spend election night at her alma mater, one of the pre-eminent historically Black colleges in America. “As student journalists, we’ve been taught that we’re not a part of history, that we record history. Kamala Harris as a Howard University student. I’m grateful to be at Howard University at this time.”Benn said covering the election adds value to his education.
Persons: Kamala Harris, JD Jean, Jacques II, Juan Benn Jr, Jean, Jacques II “, , we’ve, we’re, ” Benn, , ’ ” Harris, Jennifer Thomas, Thomas, Percy, “ It’s, Harris, ” Thomas, Skyler Winston, Skyler Winston “, Winston, “ There’s, Jacques Organizations: Howard University, Washington , D.C, Department of Media, Howard, YouTube, White, , Alpha Kappa Alpha, National Association of Black Journalists, Democratic National Convention, Student Locations: Washington ,, America, Knoxville, Tenn, Instagram, Greenwich, Conn, Howard, Philadelphia, California
Stock futures slid on Wednesday evening, as Wall Street absorbed a fresh batch of earnings reports from megacap technology names. S&P 500 futures lost 0.3%, and Nasdaq 100 futures fell 0.5%. Futures tied to the Dow Jones Industrial Average declined 27 points. The S&P 500 declined 0.3%, while the Dow dropped 0.2%, and the Nasdaq Composite fell nearly 0.6%. Economists polled by Dow Jones expect that the PCE grew by 0.2% on a monthly basis and 2.1% from a year earlier.
Persons: Dow Jones, Jamie Cox Organizations: New York Stock Exchange, Stock, Nasdaq, Dow Jones, Dow, Investors, Federal, Harris Financial, Tech, Apple, Merck, Intel
CFRA trimmed its Amazon price target to $219 a share on October 21, indicating 13% upside ahead. The firm has a "buy" rating on the stock and a $210 price target, which implies an 8.3% gain from current levels. The firm said investors have toned down margin expectations due to Amazon's spending in new investment areas, such as Project Kuiper. AdvertisementWedbush reiterated its "outperform" rating and $225 price target, implying a 16% gain from current levels. Morgan Stanley has a $210 price target for the stock, representing upside of about 8% from Wednesday's share price.
Persons: , Arun Sundaram, Sundaram, Justin Post, BofA, Scott Devitt, Wedbush, Morgan Stanley, Bullish, Brian Nowak Organizations: Service, CFRA, Bank of America, Amazon Web Services, 3Q, JPMorgan, Wedbush Securities
CNN —Authorities in Taiwan are warning residents along its eastern coast to brace for the impacts Super Typhoon Kong-rey, which has rapidly intensified as it barrels towards the island after bashing the Philippines. Kong-rey, moving northwest over the Philippine Sea, reached super-typhoon strength on Wednesday, according to the Joint Typhoon Warning Center (JTWC). More than 6,000 first responders have also been put on standby to assist in response to the typhoon, according to the Central Emergency Operations Center. Two outlying islands of Taiwan, Green Island and Orchid Island, suspended work and classes on Wednesday, according the county government. As of Wednesday morning, Kong-rey continued to skirt the island’s north as it moved towards Taiwan.
Persons: Chu Mei, ” Chu, Chu, Krathon, Trami, Kristine, rey Organizations: CNN, Authorities, Typhoon Kong, Typhoon Warning, Central Weather Administration, Ministry of National Defense, Central Emergency Operations Center Locations: Taiwan, Typhoon, Philippines, Kong, Philippine, Taitung, Taipei, Green, Luzon, Leon
London CNN —Britain’s government and King Charles III are bracing for a heated conversation about reparations for the transatlantic slave trade, as the issue looks set to overshadow a summit of Commonwealth leaders in Samoa. UK Prime Minister Keir Starmer told reporters on his journey to the Pacific island nation: “I think we should be facing forward. Successive British governments have resisted calls to formally apologize for the slave trade, or to entertain the prospect of reparations. Britain's Prime Minister Keir Starmer speaks with his Australian counterpart, Anthony Albanese, at a state banquet opening the summit on Thursday. Also in attendance in Samoa is King Charles III, who arrived in the capital of Apia on Wednesday from Australia, and will formally open the summit as head of the organization.
Persons: London CNN —, King Charles III, Keir Starmer, “ I’ve, Patrick Robinson, Anthony Albanese, Stefan Rousseau, Charles, , Queen Elizabeth II, Prince William, King Charles Organizations: London CNN, UK, National Archives, Brattle Group, University of West, Court, Britain's, Commonwealth, Reuters Locations: Commonwealth, Samoa, Pacific, Historic England, Caribbean, University of West Indies, Britain, Apia, Australia, British, Kenya, , Rwanda, Jamaica
MLB free agency is almost here so it’s time for my annual ranking of the top free agents with contract predictions and the best team fits for each player. Best team fits: Dodgers, Yankees, Mets, Diamondbacks, Red SoxSalary comps: NoneContract prediction: Minor-league contract4. Several teams have early interest in Walker, with the Astros and Mariners being the best early team fits. Best team fits: Padres, Rangers, Dodgers, Orioles, Guardians, MetsSalary comps: N/AContract prediction: None at this time19. Best team fits: Yankees, Mariners, Diamondbacks, BrewersSalary comps: Anthony Rizzo (2 years, $40M); Josh Bell (2 years, $33M)Contract prediction: 1 year, $15 million42.
Persons: Juan Soto, Corbin Burnes, Blake Snell, Max Fried, Roki Sasaki, Pete Alonso, Anthony Santander, Christian Walker, Alex Bregman, I’ve, He’s, Aaron Judge, Bobby Witt Jr, Soto, Mike Trout, Mookie Betts, Cy Young, Burnes, Stephen Strasburg, Jacob deGrom, Aaron Nola, Roki, Sasaki, he’s, Gerrit Cole, Cole, Cole won’t, Will, Brett Davis, They’ll, Carlos Rodón, Patrick Corbin, Tyler Glasnow, Pete, Matt Olson, Nolan Arenado, Kris Bryant, Carlos Correa, George Springer, Matt Chapman, Nolan Arenado’s, Dana Brown, Xander Bogaerts, Snell, , José Berríos, Sonny Gray, Freddy Peralta, Peralta, Anthony, Shohei Ohtani, Tommy Gilligan, Brandon Nimmo, Willy Adames, Corey Seager, Andrew Friedman, Adames, Dansby Swanson, Javier Báez, Trevor Story, Marcell Ozuna, Ozuna, Walker, Paul Goldschmidt, Anthony Rizzo, Cody Bellinger, Cody Bellinger didn’t, Bellinger, Nick Castellanos, Kyle Schwarber, Shane Bieber, Tommy John, Bieber, Sean Manaea, Brad Penner, Manaea, Hyun Jin Ryu, Eduardo Rodriguez, Chris Bassitt, Miles Mikolas, Jack Flaherty, Flaherty, NL Cy Young, Lance McCullers Jr, Mitch Keller, Pablo López, Kyle Hendricks, Tomoyuki Sugano, Sugano, Michael Wacha, Jameson Taillon, Jon Gray, Nathan Eovaldi, Seth Lugo, Teoscar Hernández, Jayne Kamin, Teoscar, Hernández, Starling Marte, Jorge Soler, Walker Buehler, Buehler, Tanner Scott, Raisel Iglesias, Robert Suarez, Jurickson, Profar, Mitch Haniger, Lourdes Gurriel Jr, Michael Conforto, Eugenio Suárez, Suárez, Chris Taylor, Max Muncy, Jordan Montgomery, Wasserman, Ken Kendrick, Montgomery doesn’t, Seong Kim, Mike Shildt, Kim, J.P, Crawford, Jeff McNeil, Nico Hoerner, Orlando Arcia, Gleyber Torres, Torres, Tyler O’Neill, Bob DeChiara, Cody Bellinger —, O’Neill, Andrew Benintendi, Ian Happ, Yusei Kikuchi, Kikuchi, Tyler Anderson, Brandon Lowe, Lowe, Brandon Drury, Jorge Polanco, Nick Martinez, Martinez, Charlie Morton, Frankie Montas, Joc Pederson, Rhys Hoskins, Mitch Garver, Justin Turner, Charlie Blackmon, Carlos Estévez, Gregory Fisher, Estévez, Dave Dombrowski, Jeff Hoffman, Kendall Graveman, José Alvarado, Joe Jiménez, Ryan Pressly, Taylor Rogers, Luis Severino, Zach Eflin, Lucas Gioloto, Marcus Stroman, Reynaldo López, Jose Quintana, Tyler Mahle, Blake Treinen, Emilio Pagán, Wandy Peralta, Alex Verdugo, Mark Canha, Manuel Margot, Hunter Renfroe, Jose Iglesias, Chris Sale, Iglesias, Isiah Kiner, Miguel Rojas, Goldschmidt, Josh Bell, Hoskins, Hoffman, Matt Strahm, Chris Martin, Matthew Boyd, Boyd, Lance Lynn, Kyle Gibson, Clay Holmes, Luke Weaver, Dan Goldfarb, Mary DeCicco, Daniel Shirey Organizations: MLB, eventual, The Athletic, Baseball, OF, Boras, Yankees, American League, New York, Blue Jays, Dodgers, Phillies, Rangers, Nationals, Mets, Orioles, Red Sox, Chiba Lotte Marines, NPB, Diamondbacks, Angels, Kansas City, Braves, FIP, Star, Mariners, Astros, Giants, Rockies, Cardinals, Cy Young, Brewers, Milwaukee, Anthony Santander, RF, Santander, Reds, Adames, Rays, Cubs, Pirates, Cy, Guardians, Padres, Tigers, NL Cy, Twins, Yomiuri Giants, of Famers, Royals, Excel, Marlins, NL, The Diamondbacks, Montgomery, Sox, Tampa Bay, White Sox, Atlanta, Talent Sports, Apex, Athletics, Getty Locations: Bronx, Japan, New York, Houston, Walker, Seattle, Bledsoe, Tampa, Philadelphia, Fiume
In this article KSSNKE Follow your favorite stocks CREATE FREE ACCOUNTAn exterior view of the Kohl's store at the Paxton Town Centre near Harrisburg. 1 active footwear retailer among all four generational cohorts polled for the survey: Gen Z, millennials, Gen X and boomers. 1 department store choice among Gen Z and boomers, while millennials chose Nordstrom and Gen X chose Macy's . "We would see in the data what's important to the Nike consumer. The majority of consumers surveyed, or 66% of respondents, said they'll shop at a different retailer if the product they're looking for isn't in stock.
Persons: Paul Weaver, Emily Elconin, AlixPartners, Z, Gen X, Gen Z, Kohl's, millennials, Nordstrom, Elliott Hill, Sonia Lapinsky, it's Organizations: Nike, Bloomberg, Getty, Adidas, CNBC Locations: Paxton, Harrisburg, Kohl's
CNN —There is just something about Real Madrid and the Champions League. “We spoke calmly about how to change things in the second half. The goal sent fans inside the Santiago Bernabéu into a frenzy as Madrid began to click into action. “These three goals will help him towards the next Ballon d’Or.”Villa remains unbeatenElsewhere, Aston Villa maintained its perfect start to the Champions League campaign. Aston Villa remains unbeaten in the Champions League after winning all three of its games so far.
Persons: Blancos, Donyell Malen, Jamie Gittens, , Carlo Ancelotti, Susana Vera, Antonio Rüdiger, , Lucas Vázquez, Ballon, allon, e nergy., ilan, abbe Organizations: CNN, Real Madrid, Champions League, Borussia Dortmund, Dortmund, Brazilian, Reuters, Madrid Locations: Spanish, Madrid, ” Madrid, Santiago
The “blue wall” states of Wisconsin, Michigan and Pennsylvania have paved the path to the White House for the last two Democratic presidents. Recent discussions have centered on the possibility of an anomaly happening this year with just part of the blue wall breaking its way. “We absolutely are competing to win Michigan,” Harris campaign spokeswoman Lauren Hitt said, noting Harris’ presence there this week. The blue wall states have been pivotal to elect presidents in the last several elections. “Those three, the blue wall states, almost always stay together, but this year it’s an extraordinarily tight race.
Persons: Kamala Harris ’, , Donald Trump, Harris, Trump, , , ” Harris, Lauren Hitt, Mark Robinson’s, Josh Stein, Joe Biden, Biden, Dan Kanninen, Helene, Barack Obama, Hillary Clinton, Harris ’, Michael Dukakis, Tad Devine, Devine, Elissa Slotkin, Dane County, Tim Walz, Obama, Bill Clinton, Matt Baretto, Republicans —, ” Baretto Organizations: White House, Democratic, Pennsylvania, White, Detroit News, Washington Post, Michigan, Trump, Republican, Republicans, Wisconsin, Biden, Democrats Locations: Wisconsin , Michigan, Pennsylvania, Michigan, Wisconsin, North Carolina, Nevada, Hurricane, Arizona , Nevada, Georgia, Nevada , Arizona, Arizona, Gaza, In Wisconsin, Dane, Milwaukee
At Starbucks, Niccol inherits a company that under previous leadership consistently disappointed investors with weakening sales, including back-to-back periods of negative same-store sales growth this year. Operations Upon taking over Chipotle, Niccol's focus was on improving operations after the rise of digital orders complicated execution and increased wait times. The addition of shelves alone accelerated the use of Chipotle's second "make line," where digital orders are prepared in the back of the store. To rebuild consumer trust at Chipotle, Chipotle launched the "Behind the Foil" campaign to showcase transparency in food preparation. His marketing approach "brought new news in a positive way toward Chipotle," Silberman said.
Persons: Brian Niccol's, Brian Niccol, Jim Cramer, Laxman Narasimhan, Niccol, Chipotle, Howard Schultz, Narasimhan, Schultz, Jefferies, Andy Barish, Barish, Lauren Silberman, Silberman, Rachel Ruggeri, there's, It's, Carne Asada, Queso Blanco, Chipotle's, Deutsche Bank's Silberman, hasn't, Tressie Lieberman, Lieberman, Jim Cramer's, Jim, Adam Jeffery Organizations: Starbucks, CNBC, Street, North America, Deutsche Bank ., Deutsche, Taco, Yum Brands, Yahoo, LinkedIn, Starbucks Workers Locations: Chipotle, Niccol, China, U.S, Denver, Michigan, Maine
Bank of America analysts raised their price target for Nvidia stock to $190 a share this week. They see the AI market growing to $400 billion, giving Nvidia a "generational opportunity." AdvertisementNvidia stock has been on a tear all year, but investors can brace for even more gains ahead, Bank of America analysts say. The analysts point to exponential growth in the AI market in the coming years, which they say will give Nvidia a "generational opportunity" as the chip titan continues to strengthen its lead in the market. Nvidia's stock has skyrocketed this year, up 187% as AI continues to boom after a brief sell-off over the summer.
Persons: , Nvidia's Organizations: of America, Nvidia, Service, Bank of America, Google, Meta, Accenture, ServiceNow, Oracle, Microsoft, Foundry
Analysts surveyed by LSEG expect Netflix earnings to come in at $5.12 per share, while revenue should hit $9.769 billion. In the second quarter, Netflix earned $4.88 per share on $9.56 billion in revenue. Along with solid numbers for the quarter just ended, other analysts believe Netflix also has to raise prices to appease shareholders. Citigroup's Jason Bazinet says price hikes are warranted at Netflix due to strong engagement trends and competitors' own price increases. A ramping ad-tier Finally, Wall Street is keeping close watch on the advertising tier business Netflix rolled out in November 2022.
Persons: Evercore, Mark Mahaney, Citigroup's Jason Bazinet, Goldman Sachs, Eric Sheridan, Deutsche Bank's Bryan Kraft, Wells, Steven Cahall, Kannan Venkateshwar, NFLX, Alan Gould, Piper, Matt Farrell, Doug Anmuth, Morgan Stanley, Benjamin Swinburne, Alicia Reese Organizations: Netflix, Wall, LSEG, StreetAccount, Deutsche, Barclays, Wednesday's, JPMorgan
She did it in the name of rejection therapy, a popular trend on social media that encourages people to ask strangers odd requests that will most likely get a “no” in response. Here’s what Wilmer and other experts have to say about this social media trend and how to ensure these challenges are beneficial and not harmful. Jiang had blogged about himself performing rejection therapy for 100 days after being inspired by a card game Canadian entrepreneur Jason Comey originally developed. At the beginning of the challenge Panning felt she had to hype herself up and brace herself for the answer she thought would come. And while many of her requests resulted in rejection, Panning said she was surprised to find that sometimes strangers would instead say yes.
Persons: Michelle, , , Taylor Wilmer, Wilmer, Jia Jiang, Jiang, Jason Comey, Jiang’s, ” Jiang, Jourdan Travers, Travers, ” Wilmer, “ It’s, you’re Organizations: CNN, InStride Health, Social Anxiety Locations: Virginia, New Jersey
DETROIT — The Michigan Senate race is one of several that could help determine control of the chamber and decide the presidential contest this fall. And unlike in some other swing states, both candidates in the open Senate race are sticking close to the tops of their tickets. “It’s about those independent voters, those swing voters, those voters who make their decisions very late,” she said. Doesn’t work when you have the problems that we have in the state of Michigan,” he continued. “I don’t believe in doing something that is not possible for the auto industry, because that’s our bread and butter here in Michigan,” Slotkin said.
Persons: Mike Rogers, Donald Trump, Elissa Slotkin, Kamala Harris, Joe Biden’s, ” Slotkin, Harris, , Democratic Sen, Debbie Stabenow, Rogers, , Trump, MAGA, I’m, Donald Trump’s, Mike Rogers ’, Slotkin, There’s, don’t, Slotkin “, ” Rogers, Biden, hasn’t, ‘ Let’s, let’s, I’d Organizations: DETROIT, The Michigan Senate, GOP, ” Democratic, Trump, Democratic, Getty, Harris, Republican Party, House Intelligence Committee, White, , United States Senate, CIA, Defense Department, Slotkin, Biden, Michigan, Senate, Republican, Pentagon, Democratic Party, Democrats Locations: America, Michigan, Ann Arbor, Detroit, China, Ukraine, Gaza, Lebanon, Israel, Florida
Ruth ChepngetichKenya’s Ruth Chepngetich became the first woman in history to finish a marathon in under two hours and 10 minutes on Sunday. Chepngetich’s time of 2:09:56 smashed the previous record by almost two minutes as she stormed to victory in the Chicago Marathon. Stewart led all scorers with 21 points, grabbing eight rebounds and nabbing seven steals – a record for a WNBA Finals game. The running back leads the league with 704 rushing yards, nine touchdowns and has the second most yards per carry in the NFL to boot. Derrick Henry leads the NFL this season with 704 rushing yards.
Persons: That’s, Ruth Chepngetich Kenya’s Ruth Chepngetich, Ethiopia’s Tigist Assefa, Paula Radcliffe’s, Chepngetich, Michael Reaves, Kedebe, Kenyan strode, Kelvin Kiptum, Breanna Stewart Breanna Stewart, Stewart, , Stewart dribbles, Dustin Satloff, Barclays Center – Stewart, Jack Flaherty, Dave Roberts, Kiyoshi Mio, Reuters Flaherty, Derrick Henry, Henry, Jayden Daniels, LaDainian Tomlinson, Jordan Mason, Tommy Gilligan, Tennessee Titan, Lamar Jackson, Khadija Shaw, Bunny ” Shaw, Olivia Smith’s, Shaw, Mike Egerton Organizations: CNN, MLB, Chicago Marathon, Kenyan, New York Liberty, Minnesota Lynx, WNBA, Liberty, Barclays Center, Lynx, Los Angeles Dodgers, New York Mets, Dodgers, Mets, Dodger, Sports, Reuters, San Diego Padres, Baltimore Orioles, NFL, Ravens, Washington, Pro Football Hall of, USA, AFC North team’s, Baltimore, Manchester City, Liverpool, Anfield, League, Man City, City, Barcelona Femení, UEFA Women’s Locations: Windy, New York, Minnesota, Burbank , California, Tennessee, Jamaica
Wealthy travelers are vacationing at a mix of traditional and emerging destinations. The Asian countries wealthy travelers are increasingly visitingLuxury travel companies are expecting more travelers to visit Thailand following the premiere of "The White Lotus" season three, shot at Four Seasons Resort Koh Samui. Ken SeetAccording to Virtuoso, bookings for summer trips to Thailand were up 95% from 2023 to 2024. According to Virtuoso, summer bookings for the central European country were up 24%. More wealthy travelers are heading to Porto, Portugal proslgn/ShutterstockOr, for a greener, chillier getaway, head to the United Kingdom and Ireland.
Persons: , What's, Ken Seet, Belles, Peter Zelei, Melissa Krueger, Quintessentially, Kelly Grumbach, Brian Kennedy, George Rose, Lucia, Virtuoso, Jim Krane, Barthélemy, Barts, Hurricane Irma, Grumbach, Saint Barthélemy, Holger Leue, Aman Organizations: Service, globetrotters, Eiffel, Belles, Ireland, Banff National Park, St, AP Locations: Rome, Paris, Thailand, Slovenia, United Kingdom, London, France, China, Canada, New York, Europe, Japan, Khao Villas Phuket, Maui, Hawaii, Taormina, Italy, Florence, Tuscany, Portugal, Lisbon, Porto, Ireland, Scotland, Banff, Lake Louise, Columbia, Dominican Republic, Hurricane, Saint, Caribbean, Anguilla
European markets are heading for a positive open Thursday as investors await the latest U.S. inflation data for more signs that price pressures are easing. Economists polled by Dow Jones anticipate a 0.1% increase on a monthly basis, and a 2.3% advance over the prior 12 months. The result will also inform the Federal Reserve's next steps on policy at its November meeting. Fed funds futures trading data suggests a roughly 70% likelihood of a quarter-point cut, according to CME Group's FedWatch tool. U.S. stock futures were little changed Wednesday night, while Asia-Pacific markets opened mostly higher on Thursday, buoyed by gains on Wall Street on Wednesday.
Persons: Dow Jones Organizations: Federal, Dow Jones Locations: Asia, Pacific
This article is part of the Opinion series At the Brink,about the threat of nuclear weapons in an unstable world. It follows a decades-long freeze on designing, building or testing new nuclear weapons. The new buildings and cutting-edge machinery will eventually process the uranium needed to make the next generation of American nuclear weapons. Now there are an estimated 12,000 nuclear weapons in the world. It is undeniably true that the world is becoming more contentious, and nuclear weapons do deter our adversaries.
Persons: Melissa Durkee’s, Adalie, , Warren Air Force Base Missiles Ellsworth Air Force Base Pantex Plant Minot Air Force Base Dyess Air Force Base Lockheed Martin Tinker, Todd Weeks, Weeks, you’re, Eric Helms, Helms, it’s, , aren’t, Robin Darnall, she’s, , can’t, Northrop Grumman, Nunn, Walter Schweitzer, Mr, Schweitzer, Robert Oppenheimer, didn’t, Jay Coghlan, Charles McMillan, Greg Mello Organizations: U.S, Preston Veterans ’ Memorial, Dynamics, U.S . Navy, Preston Veterans ’, The Times Naval Base Kitsap Lawrence Livermore National Laboratory Northrop Grumman Nevada National Security, Air Force Base Malmstrom Air Force Base Sandia National Laboratories Los Alamos National Laboratory, Warren Air Force Base Missiles Ellsworth Air Force Base Pantex Plant Minot Air Force Base Dyess Air Force Base, Warren Air Force Base Missiles Ellsworth Air Force Base Pantex Plant Minot Air Force Base Dyess Air Force Base Lockheed Martin Tinker Air Force Base Offutt Air Force Base Kansas City National Security, Chaffee, Air Force Base Whiteman Air Force Base, Security, Laboratory Naval Submarine Base, Bay Northrop, Newport News Shipbuilding General Dynamics Electric, Submarines, Submarines Connecticut Rhode Island, Submarines Connecticut Rhode Island Virginia General Dynamics Electric, General Dynamics, Columbia, Engineering, Republican, Democratic, Office, General Dynamics Electric, Navy, NASCAR, Manhattan, Reactor, The Energy Department, National Nuclear Security Administration, Energy Department, National Nuclear Security, Fort, Missiles Wyoming North Dakota, Missiles Wyoming North Dakota Colorado Nebraska Montana America’s, The Air Force, Minuteman III, Air Force, Warren Air Force Base, Sentinel, Banner, Soviets, Air Force Base, McCurdy, Pentagon, Montana Farmers Union, Mexico South, Environmental Protection Agency, Los Alamos, Nuclear Watch, Alamos County, Atomic, Los Alamos Study, United States Locations: Preston, Conn, New England, America, Russia, China, North Korea, Iran, United States, Savannah, Manhattan, Washington, Submarines Connecticut, Submarines Connecticut Rhode Island Virginia, Narragansett, Rhode Island, Quonset, R.I, Groton, Soviet Union, Rhode Island , Connecticut, Virginia, Columbia, Tennessee, Oak Ridge, Tenn, Hiroshima, Nagasaki, Texas, Fort Knox, Missiles Wyoming North Dakota Colorado, , Wyoming , Nebraska , Colorado , Montana, North Dakota, Plains, F.E, Wyoming, Nebraska, Banner County, Great Falls, Mont, Mexico, Mexico South Carolina, New Mexico, Los Alamos, N.M, Savannah River, S.C, Colorado, Rocky, Alamos, Nuclear Watch New Mexico, Santa Fe
New York CNN —TD Bank will pay $3 billion to settle charges that it failed to properly monitor money laundering by drug cartels, regulators announced Thursday. TD also intends to pay $1.8 billion to the US Justice Department and plead guilty to resolve the US government’s investigation that the bank violated of the Bank Secrecy Act and allowed money laundering. The US Department of Justice said in a statement that TD Bank had “long-term, pervasive, and systemic deficiencies” in its procedures of monitoring transactions. TD Bank declined to comment on the fine, but the bank plans to hold a call with investors later on Thursday. TD Bank’s (TD) US-listed shares slumped 5% as investors brace for higher legal expenses and weaker growth.
Persons: FinCEN, TD Bank’s, ” John Aiken, , Allen Stanford Organizations: New, New York CNN —, Bank, US Treasury Department’s, US Justice Department, US Department of Justice, Street Journal, TD Bank, Jefferies, , Justice, Treasury, CNN Locations: New York
As the Federal Reserve cuts interest rates, investors should review their bond portfolio, which could see a boost from dovish Fed policy. Typically, bond prices and market interest rates move in opposite directions. While it may be tempting to cling to cash, it will become “less attractive, less productive as interest rates fall,” Ward said. Many corporations leveraged rock-bottom interest rates during the pandemic to strengthen balance sheets and refinance debt, said Ward. As interest rates fall, those longer-maturity bonds should reward investors, experts say.
Persons: , Scott Ward, ” Ward, Ted Jenkin, Ward, , Jenkin Organizations: Federal Reserve, dovish Fed, Fed, Morningstar, Bond, CNBC’s Locations: Birmingham , Alabama, Atlanta,
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