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☆ Amazon set to report Q3 earnings after the bell
▼ + stars: | 2024-10-31 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +5 min

Amazon will report results for the third quarter after the bell Thursday. Earnings are growing much faster, due largely to Amazon CEO Andy Jassy's widespread cost-cutting efforts. Amazon is expected to report operating income of $14.7 billion during the quarter, up more than 31% from a year earlier, according to StreetAccount. During the third quarter, Amazon held its annual Prime Day megasale in July. WATCH: What to expect from Meta and Amazon earnings

Persons: Brian Olsavsky, Donald Trump, Olsavsky, Andy, Jassy, Jeff Bezos, Jassy's, Brad Erickson, CNBC's, megasale, Amazon, Oppenheimer, Jason Helfstein, SpaceX's, Helfstein, hasn't Organizations: LSEG, LSEG Revenue, Web, Paris Olympics, Amazon, CNBC, Nasdaq, RBC Capital Markets, Apple, Microsoft, Meta, Adobe Analytics, United Launch Alliance, . Space Force, Olsavsky Locations: U.S

“We have to reduce spending to live within our means,” Musk said. That gives Musk’s frankness about reductions — and his track record of making large, painful cuts at his own companies — added weight. The Trump campaign didn’t immediately comment but has previously said that the GOP agenda wouldn’t cause short-term economic hardship. There’s some skepticism on Wall Street that a new Trump administration could implement spending cuts on the scale Musk has proposed. “They’re both indicating they intend to maintain substantial deficits and elevated government spending, certainly compared with the strength of the economy,” Elliott said.

Persons: Donald Trump’s, Elon Musk, ” Musk, Trump, Musk, “, ”, didn’t, Kamala’s, Geoff Orazem, Bob Elliott, ” Elliott, Steve Sosnick Organizations: Republican, GOP, SpaceX, Trump, Social Security, Trump’s, CNBC, FedScout, Funds, Interactive Locations: U.S, Trump, “

☆ Trump’s plan to radically remake government with RFK Jr. and Elon Musk
▼ + stars: | 2024-10-30 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +9 min

‘Go wild’ with RFK Jr.Trump has promised to give Kennedy leeway to remake the way the government health apparatus protects Americans. Robert F. Kennedy Jr. and former President Donald Trump shake hands during a campaign rally at Desert Diamond Arena on August 23, 2024, in Glendale, Arizona. Both Trump and Kennedy have expressed vaccine skepticism, and Kennedy has been a longtime activist pushing debunked theories about vaccines. In a potential new Trump administration, Musk promises a reinvention of the federal bureaucracy. “Let’s start from scratch,” Musk said at an event in October in Pittsburgh, suggesting a drastic remaking of the federal bureacracy.

Persons: Donald Trump, Robert F, Kennedy Jr, “, Trump, Kennedy, “ I’m, ” Trump, Anne Frank, Rebecca Noble, we’ve, ” Kennedy, Aaron Pellish, Trump’s, “ Trump’s, CNN’s Meg Tirell, Musk, It’s, Musk’s, ” Musk, Elon Musk, Dave McCormick, Michael Swensen, CNN’s David Goldman, “ Musk, ” Goldman, Larry Summer, ” Summers, Summers, Mike Johnson, ”, ” Johnson, Kamala Harris, Johnson Organizations: CNN, Trump, Elon, RFK Jr, Madison, PAC, New York Times, Desert Diamond Arena, HHS, Department of Health, Human Services, CDC, Centers, Disease Control, FDA, Food, Drug Administration, National Institutes of Health, USDA, Department of Agriculture, SpaceX, Tesla, “ Department, Government, Fox News, Congressional, Social Security, Republicans, Health Locations: Nazi Germany, Glendale , Arizona, Pittsburgh, Pennsylvania, White

☆ Ukraine's surrender hotline is tempting North Koreans to desert, promising they'll be well fed
▼ + stars: | 2024-10-28 | by ( Kwan Wei Kevin Tan | Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Ukraine is offering comfortable beds and warm meals to North Korea troops who surrender to them. AdvertisementUkraine is enticing Russia-bound North Korean troops with comfortable beds and warm meals in exchange for their surrender. AdvertisementOn Sunday, Ukrainian President Volodymyr Zelenskyy said in an evening address on Telegram that North Korean troops "may appear on the battlefield" any day now. Related storiesRussia's use of North Korean troops is another indicator that it's relying more on allies to sustain its wartime efforts. But Ukraine's attempt to encourage North Korean troops to surrender faces distinct hurdles.

Persons: —, Putin, chatbot, Volodymyr Zelenskyy, Zelenskyy, Joseph S, Bermudez Jr, Kim, Bermudez, Bruce W, Bennett Organizations: Service, Korean People's Army, YouTube, North, Business Insider, Ukraine, Pyongyang that'll, Center for International, Strategic Studies, Workers ' Party of, RAND Locations: Ukraine, Korea, North Korea, Russia, South Korea, Europe, Pyongyang, Workers ' Party of Korea

☆ NY Republican in critical House race spent huge sums of campaign cash on steakhouses, booze, a foreign hostel and home supply materials
▼ + stars: | 2024-10-25 | by ( Gregory Krieg | Em Steck | ) edition.cnn.com time to read: +7 min

The campaign also spent a little more than $43,000 on Ubers since August 2022. D’Esposito campaign spokesman Matt Capp called the five-figure Uber charge “a filing error which will be corrected and does not represent an Uber invoice.”In one eyebrow-raising section of the filings, the campaign spent nearly $600 for a hostel in Edinburgh, Scotland, on Memorial Day this year. But there is no clear connection between much of the D’Esposito campaign’s spending at those establishments and official campaign fundraising events. Santos was expelled from Congress in December of last year and recently pled guilty to aggravated identity theft and wire fraud charges stemming from, among other things, misusing campaign funds during his 2022 midterm campaign. The FEC, an agency charged with enforcing campaign finance laws, keeps records of donor contributions and spending by campaigns and outside political groups.

Persons: Anthony D’Esposito’s, D’Esposito, unethically, Republican congressman’s, Matt Capp, “, ” Capp, Capp, D’Esposito “, ”, ‘, ’ ”, Dan Weiner, Brennan, ” Weiner, George Santos, Santos, Laura Gillen, itemize, Robert Gies, Gies, ” Saurav Ghosh, ” Ghosh Organizations: CNN, New York Rep, New York Times, Republican, ”, New York Police Department, New, Republicans, FEC, Capitol, Representatives, Federal Locations: steakhouses, Edinburgh, Scotland, South Shore, ” Long, New York City, New York, Gies

☆ Russia's central bank raises key rate to 21% to rein in higher-than-forecast inflation
▼ + stars: | 2024-10-25 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

Photo: Ulf Mauder/dpa (Photo by Ulf Mauder/picture alliance via Getty Images)Russia's central bank on Friday raised its key interest rate by 200 basis points to 21%, citing consumer price increases considerably above its forecast and warning of ongoing high inflation risks in the medium term. The key rate was previously taken up by 100 basis points to 19% in September. On Friday, the central bank noted annual seasonally adjusted inflation hit an average of 9.8% in September, up from 7.5% in August. "Over the medium-term horizon, the balance of inflation risks is still significantly tilted to the upside," the bank said in a statement. "The key risks are associated with persistently high inflation expectations and the upward deviation of the Russian economy from a balanced growth path, as well as with a deterioration in foreign trade conditions."

Persons: Ulf Mauder Organizations: Foreign Ministry, Getty, Reuters Locations: Russia, Ukraine

☆ Almost anything goes on social media — as long as it doesn’t make billionaires feel even a little bit unsafe
▼ + stars: | 2024-10-24 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —The billionaires who control social media want to be clear about what’s OK to post online and what’s not. For X (formerly Twitter), just about anything goes, including neo-Nazi propaganda, crypto scams and porn (as long as it’s labeled properly). Anyone can do the same thing — Sweeney just made it slightly more convenient. It’s just not clear that Meta cares as much about its users’ privacy and wellbeing as it does about Zuckerberg’s. At a Senate hearing in January, Zuckerberg apologized to families who said their children had been harmed by social media.

Persons: CNN Business ’, it’s, Milton, Meta, Mark Zuckerberg, Jack Sweeney, Donald Trump, Ron DeSantis, Taylor Swift, Elon Musk, Jeff Bezos, Bill Gates, Kim Kardashian, Kylie Jenner, “, ” Sweeney, he’s, Sweeney, Taylor Swift’s, Swift, — Sweeney, Clare Duffy, Zuckerberg, …, Gee Organizations: CNN Business, New York CNN, Facebook, Disney, CNN, Elon, Twitter, Meta Locations: New York, Florida, Bluesky, America

☆ Dollar stands tall on bets for slower Fed cuts, potential Trump win
▼ + stars: | 2024-10-24 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar traded close to a three-month high against major peers on Thursday, underpinned by expectations for a slower pace interest rate cuts by the Federal Reserve and growing bets of a possible second Donald Trump presidency. The U.S. dollar traded close to a three-month high against major peers on Thursday, underpinned by expectations for a slower pace interest rate cuts by the Federal Reserve and growing bets of a possible second Donald Trump presidency. This week, Kansas City Fed President Jeffrey Schmid said he would prefer to "avoid outsized moves", and Philadelphia Fed President Patrick Harker backed "a slow, methodical approach" to further easing. The dollar has now "punched through key technical resistance levels" against the yen, "opening the door for higher levels", Catril said. Although opinion polls indicate a neck-and-neck race with Democratic rival, Vice President Kamala Harris, cryptocurrency-prediction exchange Polymarket has seen a sharp rise in bets for a Trump win.

Persons: Donald Trump, Jeffrey Schmid, Patrick Harker, Rodrigo Catril, Catril, Trump, Kamala Harris, Christine Lagarde, Mario Centeno Organizations: U.S ., Federal Reserve, Kansas, Philadelphia Fed, Treasury, National Australia Bank, UST, Republican, Democratic, Trump, of, Traders, European Central Bank, Wednesday Locations: Japan, Sunday's

☆ Supreme Court rebuffs challenge to job protections for consumer watchdog leaders
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: +4 min

The Supreme Court is visible on July 29, 2024 in Washington, DC. In an op-ed in The Washington Post, U.S. President Joe Biden laid out his proposed reforms to the Supreme Court including 18 year term limits for Supreme Court Justices and a new code of ethics for the court ahead of a speech tonight at the Lyndon B. Johnson Presidential Library in Austin, Texas. Lawyers for Democratic President Joe Biden's administration had urged the Supreme Court to turn away the appeal, arguing that the plaintiffs lacked the required legal standing to sue the agency and that their claims are foreclosed by Supreme Court precedent. The current Supreme Court, with a 6-3 conservative majority, has taken an expansive view of presidential powers in recent years and has shown skepticism toward broad authority for federal agencies. This case gives the conservative justices a chance to rein in or depart from Humphrey's Executor.

Persons: Joe Biden, Lyndon, Joe Biden's, Jeremy Kernodle, Donald Trump, Kernodle's, Franklin Roosevelt's, Ted Cruz, Darrell Issa Organizations: Washington Post, Supreme, Johnson Presidential, The U.S, Consumers, Research, U.S . Consumer Product Safety Commission, Consumers ' Research, Democratic, Republican, Circuit, Appeals, U.S . Federal Trade Commission, Republican U.S Locations: Washington , DC, Washington, Washington Post , U.S, Austin , Texas, The, Texas, United States of America, New Orleans, United States

☆ Drug costs, abortion, Obamacare: How Trump and Harris could change U.S. health care
▼ + stars: | 2024-10-19 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +18 min

He said a Harris administration "will build on existing programs, increasing federal spending to make health care more affordable for people." Still, Socal said a Trump administration wouldn't have much flexibility to dismantle or scale back the law without change from Congress. The IRA extended enhanced subsidies that made ACA health plans more affordable for millions of households through 2025 — a provision Harris plans to make permanent if elected, her campaign said. A Democratic House or Senate would likely block any of Trump's sweeping changes to Medicaid, according to Altman. Vance this month also said a future Trump administration would defund Planned Parenthood.

Persons: Donald Trump, Kamala Harris, Trump, Drew Altman, Harris, KFF, Anna Moneymaker, Biden, Joe Biden's, Mariana Socal, Socal, didn't, Stephen Patrick, KFF's Altman, Nathan Posner, Altman, Bill Clark, Roe, Wade, Joe Raedle, Stacey Lee, Johns, Lee, mifepristone, Sen, JD Vance, Trump's, Vance, Nicholas Kamm Organizations: Democratic, U.S, U.S . Naval, Getty, Reuters, CNBC, Congress, The Commonwealth Fund, RAND, U.S . Department of Health, Human Services, Washington , D.C, Republicans, Johns Hopkins Bloomberg School of Public Health, Trump, wouldn't, Biden, Medicare, Emory University, Lawmakers, Affordable, ACA, Medicaid, Democrats, White, Anadolu, Social Security, Capitol, CQ, Inc, The New York Times, Siena College, PBS, Prime, Convention, Johns Hopkins Carey Business School, Republican Party, U.S . Senate, Food and Drug Administration, FDA, CNN, Afp Locations: Israel, Washington, U.S, Washington ,, Canada, Jacksonville , Florida, Ohio

WASHINGTON — Kamala Harris’ campaign will launch a new television ad Thursday aimed at linking the three words the vice president has used to describe Donald Trump lately — unhinged, unstable and unchecked — with the policy implications voters might see if the former president returns to office. The Harris campaign has increasingly sought to link Trump’s recent behavior and comments with questions about his mental acuity and refusal to release recent medical records. “One has to ask, what is Donald Trump trying to hide? Earlier this month, the Harris campaign unveiled a digital ad slamming vice presidential nominee J.D. Trump’s campaign responded to the ad by saying that he is a “plain speaker” who talks about issues like the economy and immigration.

Persons: WASHINGTON — Kamala Harris ’, Donald Trump, Trump, Harris, ” Harris, Ronny Jackson, ”, “, that’s, J.D, Vance, Kamala Harris, Brian Hughes Organizations: NBC, GOP, Trump, Republican, Democratic Locations: ”

☆ Harris clashes with Fox as she tries to peel away some GOP voters
▼ + stars: | 2024-10-17 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

In the end, on Wednesday, both Harris and Fox News probably got what they wanted. But before the interview, Harris spokesman Ian Sams explained her thinking. If only a few thousand Fox viewers or traditional conservatives swapped sides, it could push some swing states in the vice president’s direction. Still, the risk for Harris is that her display in her first formal Fox interview could alienate some of those voters. It’s taken her several months to arrive at the assurance that she’d strike a strong contrast with Biden’s administration, which she unveiled in the Fox interview.

Persons: CNN — Kamala Harris didn’t, Donald Trump —, heatedly, Bret Baier, Harris, Baier, she’s, “, ” Harris, Trump, Joe Biden’s, ” Fox, Harris ’, “ Kamala, Fox, Donald Jr, Eric, Stephen Miller, Ian Sams, Kamala Harris, Ryan Collerd, Nikki Haley, —, ” She’s, Biden, they’re, Donald Trump, Alex Brandon, Sen, JD Vance, “ I’ve, ” Trump, –, ”, he’s, It’s, parry Organizations: CNN, Fox News, Trump, Republicans, Fox, Keystone State, Republican, Getty, GOP, South Carolina Gov, Ohio Republican Locations: Pennsylvania, ”, United States, Washington, Washington Crossing , Pennsylvania, AFP, Bucks County, Philadelphia, Ohio, Univision, Doral , Florida

What does it really mean to live in a country where abortion is no longer a constitutional right? New laws have forced doctors to delay care in life-threatening situations and made women afraid to seek it, leading to preventable deaths. Or, in the cases of some doctors: How can I help this patient without getting arrested? We asked people at the front lines of abortion access to help us understand how the new laws have filtered into their worlds. They answered our call with texts, audio messages, videos and pictures; some shared their stories anonymously out of fear of reprisal.

Persons: Roe, Wade, haven’t, America’s Organizations: Jackson, Health Organization Locations: Dobbs

☆ Bob Woodward issues a stark warning on Trump weeks from Election Day
▼ + stars: | 2024-10-15 | by ( Peter Bergen | ) edition.cnn.com time to read: +17 min

As has been the case for previous Woodward books, those who don’t come out well from his reporting publicly dismiss it. Woodward notes that neither Biden nor Trump spoke to him for this book, but he still got great access. It’s clear from a close reading of “War” that almost every top national security official in the Biden administration spoke with him. The Biden administration has halted the shipment of massive 2,000-pound bombs to Israel, but otherwise, the large flow of American weapons to the Jewish state continues. Coats told Woodward, “It’s still a mystery to me how he deals with Putin and what he says to Putin.

Persons: Bob Woodward, Woodward, ”, Donald Trump, Vladimir Putin, Trump, Putin, Joe Biden, Barack Obama, “, Barack, ” Putin, Biden, CNN’s Jim Sciutto, it’s, Bush, ” Woodward, Robert Woodward, Nixon, Richard Nixon, … Trump, ” Biden, Bill Burns, Burns, Eric Green, Green “, ” Green, Here’s, Vadim Ghirda, Russia ”, Benjamin Netanyahu, Brendan Smialowski, Yahya Sinwar, Netanyahu, ” —, ” Netanyahu, Antony Blinken’s, Blinken, hasn’t, Kamala Harris, Defense Lloyd Austin, Jake Sullivan, Harris, “ Tell Bibi, Anna Moneymaker, Joe, “ Bibi, Dan Coats, Coats, “ It’s, …, ” Trump Organizations: CNN, Washington Post, New York Times, Trump, White, Biden, United Nations, Pentagon, CIA, National Security, NATO, Ukraine, Turks, Russia, West Bank, Gaza Health Ministry, Israel, UN, Getty, Hamas, US, Brown University, Defense, ”, Prince George’s Community College, Intelligence Locations: Russian, Ukraine, Crimea, Afghanistan, Gaza, Russia, Woodward, Kyiv, Sweden, Finland, Kursk, Israel, Lebanon, Syria, Yemen, Tel Aviv, AFP, Iran, Rafah, Largo , Maryland, Scranton, Delaware

☆ Here’s the deflation breakdown for September 2024 — in one chart
▼ + stars: | 2024-10-11 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

However, prices for many physical goods have deflated as supply-and-demand dynamics return to normal following pandemic-era contortions. "Outside of goods prices, I don't think we'll see price cuts," said Mark Zandi, chief economist at Moody's. That served to weaken demand, which also pushed down prices, economists said. Outside of supply-demand dynamics, the U.S. dollar's strength relative to other global currencies has also helped rein in prices for imported goods, economists said. Energy, food and consumer electronicsOutside of imported goods, consumers may also see a "normalization" of prices in food and energy, Zandi said.

Persons: Jeff Greenberg, Mark Zandi, Zandi, women's outerwear, Sarah House Organizations: Universal, Getty, Finance, Social Security, Vehicles, Wells, Wells Fargo Economics ., U.S . Federal, Fed, U.S, Energy Locations: Wells Fargo, U.S

☆ JPMorgan Chase is set to report third-quarter earnings – here's what the Street expects
▼ + stars: | 2024-10-11 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Friday. The biggest American bank has thrived in a rising rate environment, posting record net income figures since the Fed started hiking rates in 2022. Now, with the Fed cutting rates, there are questions as to how JPMorgan will navigate the change. Last month, JPMorgan dialed back expectations for 2025 net interest income and expenses, and analysts will want more details on those projections. Wells Fargo is scheduled to release results later Friday, while Bank of America , Goldman Sachs , Citigroup and Morgan Stanley report next week.

Persons: Chase Jamie Dimon, JPMorgan Chase, Jamie Dimon's, Wells Fargo, Goldman Sachs, Morgan Stanley Organizations: Chateau, JPMorgan, LSEG Revenue, Trading, American, Fed, KBW, Bank of America, Citigroup Locations: Versailles, Paris, Wells

☆ Ratan Tata, who put India’s Tata Group on the global map, dies at 86
▼ + stars: | 2024-10-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

Ratan Tata, the former Tata Group chairman who put a staid and sprawling Indian conglomerate on the global stage with a string of high-profile acquisitions, has died, the Tata Group said in a statement late on Wednesday. Ratan Tata "was a visionary business leader, a compassionate soul and an extraordinary human being," Indian Prime Minister Narendra Modi said on social media platform X. He founded telecommunications firm Tata Teleservices in 1996 and took IT firm Tata Consultancy Services, the group's cash cow, public in 2004. Tata Motors then acquired British luxury auto brands Jaguar and Land Rover from Ford Motor Co in 2008 for $2.3 billion. The Tata Group said Mistry had failed to turnaround poorly performing businesses while Mistry accused Ratan Tata, who was chairman emeritus of the conglomerate, of interfering and creating an alternate power center at the group.

Persons: Ratan Tata, Ratan, Narendra Modi, Telco, J.R.D, Tata, Tata Teleservices, Tetley, Ratan Tata's, Cyrus Mistry, Shapoorji Pallonji, Mistry, Ola Organizations: Tata Group, Ratan Naval Tata, Cornell University, Tata, Tata Motors Ltd, Tata Steel Ltd, National Radio & Electronics Company, Tata Consultancy Services, Stanford Graduate School of Business, Corus, Tata Motors, Rover, Ford Motor Co, India —, Tata Sons, Urban Company Locations: India, Dutch, Indian

The financial firm upgraded the athletic apparel stock to a buy rating from hold and raised its price target to $97 from $83. — Lisa Kailai Han 6:48 a.m.: Goldman Sachs trims Microsoft price target Goldman Sachs is still bullish shares of Microsoft , despite a minor price target adjustment. However, she accompanied the move by lifting her price target to $80 from $75. Analyst Andrew Mok accompanied the rating change by lifting his price target to $82 from $63. To be sure, he did raise his price target by $10 to $235, implying upside of nearly 10%.

Persons: Joseph Civello, Civello, Caitlin Clark, Lisa Kailai Han, Goldman Sachs, Kash Rangan, Rangan, Bernstein, Harshita Rawat, Venmo, Cash, Rawat, — Lisa Kailai Han, Shagun Singh, Singh, Medtronic, Andrew Mok, Mok, Stephen Tusa, Tusa, divestitures, YTD, Fred Imbert Organizations: CNBC, Barclays, JPMorgan, Honeywell International, Nike, Microsoft, PayPal, RBC, RBC Capital Markets, CVS, Aetna, Honeywell, Dow Jones Industrial Locations: buybacks, Wednesday's

☆ Ray Dalio says investing in China is tricky as Beijing becomes less favorable toward capitalism
▼ + stars: | 2024-10-08 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Ray Dalio thinks it's still tricky to invest in China right now as Beijing may be seeking to structurally move the country away from capitalism. "There's something big going on that they had a debt crisis and they also had a capitalism crisis. The high-profile investor even said he is raising his usual allocation limit and is not hedging his big China bet. Dalio said he doesn't expected big rate cuts as the economy remains in solid shape. I think the economy by and large right now itself is in relatively good balance," he said.

Persons: Ray Dalio, Dalio, David Tepper Organizations: Bridgewater Associates, Greenwich Economic, CSI, Appaloosa Management, CNBC Locations: China, Beijing, Greenwich, Greenwich , Connecticut

☆ Brett Kavanaugh: Internal emails dispute Trump’s claims that FBI had ‘free rein’ to probe assault allegations, new report says
▼ + stars: | 2024-10-08 | by ( Tierney Sneed | ) edition.cnn.com time to read: +5 min

The White House, however, instructed the FBI to only interview 10 witnesses, according to the report. The report sheds light on the tight limits the White House imposed on the FBI as it undertook a “supplemental” background investigation while Kavanaugh’s confirmation hung in the balance. According to the report, those Trump comments were then flagged by an FBI public affairs office in emails to others at the agency, including some top officials. The White House finally told the official that it would be in touch it if had additional guidance to offer on the supplemental investigation. With the report, Whitehouse is calling for the agency to put in place standard procedures for how such supplemental investigations should be handled.

Persons: Donald Trump’s, Brett Kavanaugh, Kavanaugh, –, Christine Blasey Ford, Trump, ”, Rhode Island Sen, Sheldon Whitehouse, Joe Biden, Whitehouse, ” Whitehouse, CNN’s Hannah Rabinowitz, John Fritze Organizations: CNN, FBI, White, Trump White House, NBC, Rhode Island, House

☆ Trump and Harris’ proposals would both increase the national debt but Trump’s plan would add $4 trillion more, study finds
▼ + stars: | 2024-10-07 | by ( Tami Luhby | ) edition.cnn.com time to read: +7 min

Harris’ plan would boost the debt by $3.5 trillion over the next decade, while Trump’s platform would cause it to spike by $7.5 trillion, according to the Committee for a Responsible Federal Budget’s report, released Monday. It found that Harris’ measures could have no significant impact on the debt or could increase it by $8.1 trillion. And Trump’s proposals could balloon the debt by between $1.5 trillion and $15.2 trillion. These proposals would cost $2.3 trillion in total. But the committee estimates these tariffs would bring in between $2 trillion and $4.3 trillion over a decade — not enough to cover Trump’s agenda.

Persons: CNN —, Kamala Harris, Donald Trump, Harris ’, Harris, ’, Trump, Jerome Powell, “ We’re, ” Marc Goldwein, Brian Hughes, Trump’s, ”, That’s, Joe Biden’s, Katie Lobosco, Matt Egan Organizations: CNN, Republicans, Democrats, Trump, Social Security, Peterson Institute for International Economics, Center, of Education Locations: American

☆ How the October 7 attacks became a turning point for US politics
▼ + stars: | 2024-10-07 | by ( Stephen Collinson | ) edition.cnn.com time to read: +13 min

Like the September 11 attacks in 2001, the Hamas horror set off a chain of events that affected countless lives, unleashing political disturbances thousands of miles away. At home, the fallout of the Hamas attacks has coincided with the toxic politics of a presidential election year. Deep domestic political aftershocksThe Hamas terror attacks – and Israel’s response – have laid bare and widened splits in American society and domestic politics. He has found common interest with Republicans who sought to use the war to damage Biden as the election loomed. Many American Jews have felt unsafe at home amid antisemitism provoked both by Hamas’ attacks and some of the protests over Israel’s response.

Persons: CNN —, Joe Biden, Kamala Harris, Donald Trump, Israel, Biden, Harris, it’s, Benjamin Netanyahu, Antony Blinken, William Burns, Netanyahu, Yahya Sinwar, Weeks, outlast Biden, bequeath, Trump, –, Fury, Joe, “, ” Harris, ”, Clinton, ’, Israel shouldn’t, goading Netanyahu, ” Trump, Jonathan Greenblatt, he’d, ” Greenblatt, Dana Bash, What’s, bedeviled Biden Organizations: CNN, Hezbollah, Democratic Party, Trump, CIA, US, Republicans, Democratic, Arab American, CBS, Washington, GOP, Defamation League, ADL Locations: Israel, America, Iran, United States, Yemen, Red, Washington, Jordan, Gaza, Russia, China, Lebanon, Michigan, North Carolina, “ State

☆ China stocks poised to reopen Tuesday with markets fixated on fiscal stimulus
▼ + stars: | 2024-10-07 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +4 min

Qilai Shen | Bloomberg | Getty ImagesChinese investors are looking for more policy direction from China's top economic planning body on Tuesday, when mainland markets return from a week-long holiday. Before the week-long holiday, authorities unveiled a flurry of stimulus policies, including interest rate cuts, lower cash reserve requirements at banks, looser property purchase rules and liquidity support for stock markets. Chinese major indexes have surged over 25% as investors cheer on the barrage of stimulus measures. Last week, China's CSI 300 blue-chip index extended a nine-day winning streak, surging over 8% Monday, before the market closed for a week-long holiday. Now the government needs to add fiscal stimulus to maintain the rally's momentum, said Shaun Rein, founder and managing director of China Market Research Group.

Persons: Qilai Shen, Zheng Shanjie, Erica Tay, Tuesday's presser, Shaun Rein, Rein, Adek Berry, Lynn Song, Song, Gary Ng Organizations: Shoppers, Bloomberg, Getty Images, National Development, Reform, State Council, CSI, SGX FTSE, Maybank Investment Banking Group, Ministry, Finance, China Market Research, AFP, Getty, ING Locations: Nanjing, Shanghai, China, Beijing, Hong Kong, SGX FTSE China, Tuesday's, Xicheng, Greater China, Shenzhen

☆ A year on from October 7, the Middle East is facing its greatest upheaval in a half-century
▼ + stars: | 2024-10-07 | by ( Nic Robertson | ) edition.cnn.com time to read: +8 min

Propelled by US incentives, Saudi Arabia and Israel seemed closer than ever to a historic normalization of relations. It was October 10, and Major General Itai Veruv of the Israel Defense Forces (IDF) was leading the first international press access to see the devastation of Hamas’ attacks. Israel's Prime Minister Benjamin Netanyahu is unwilling to be a partner in a deal that would resow Middle East relations. Nearly 42,000 Palestinians in Gaza have been killed, many by US bombs and bullets in Israel’s hands, authorities in Gaza say. Tehran’s Shia proxies in Iraq have also answered its calls and begun escalating drone attacks on Israel.

Persons: Butchery, Yahya Sinwar, Itai Veruv, General Eisenhower, Benjamin Netanyahu, Jack Guez, haven’t, Israel’s, Netanyahu, Joe Biden’s, Hassan Nasrallah, Israel –, Biden, Mohammed Bin Salman, Anwar Gargash, cleaver Organizations: CNN, Hamas, Aza, Israel Defense Forces, Israel's, Getty, West Bank, Saudi, Saudi’s Crown, MBS Locations: Israel, Saudi Arabia, Gaza, AFP, Lebanon, Iran, United States, Tehran, Tel Aviv, Iraq, Saudi, Palestinian, UAE

☆ Chinese government has to step in and stop 'theft of personal income,' says strategist
▼ + stars: | 2024-10-05 | 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 EmailChinese government has to step in and stop 'theft of personal income,' says strategistShaun Rein with China Market Research Group says the Chinese e-commerce stocks are 'irrationally exuberant' and the government has to make effective measures on the labor market in addition to the 'mini stimulus' to boost the overall economy.

Persons: Shaun Rein Organizations: China Market Research Group

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