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Vice President Kamala Harris called the rate cut “welcome news,” while former President Donald Trump suggested, without evidence, that the decision could be politically motivated. With less than 50 days until Election Day, another question has emerged: Will the rate cut matter to voters? In fact, they already have – mortgages are based on bond yields, which have fallen in recent weeks in anticipation of a rate cut. Harris responded to the rate cut by saying she’s focused on bringing down prices. This story has been updated with reaction to the Fed’s rate cut announcement.
Persons: Biden, Joe Biden, Ukraine —, , , , ” Biden, Kamala Harris, , Donald Trump, Zoila Sanchez, CNN’s John King, ” Sanchez, King, ” Homebuyers, Powell, Jason Furman, Barack Obama’s, “ It’s, ” Furman, George H, Bush, Bill Clinton’s “, , Clinton, Aaron Klein, ” Klein, Harris, she’s, Trump, they’re, ” Trump, Steve Moore, Powell sanctimoniously, ” Moore, ” Powell, Moore Organizations: CNN, Reserve, White House, Economic, of Washington, Financial, St, Louis Federal Reserve, Brookings Institution, , Biden, Fed, SPAN Locations: trillions, Ukraine, Nevada, New York
Business Insider is pleased to announce that Erica Berenstein, deputy editor in chief and head of video, will moderate a panel at The Frontline Club in London on Thursday, October 3rd at 7pm GMT. The discussion will focus on how journalists can tell stories that go beyond the 24-hour news cycle and will include a panel of distinguished reporters from the BBC, The New York Times and Reuters. Berenstein will be accompanied by former BBC Newsnight producer, Sam McAlister, who arranged the programme's groundbreaking interview with Prince Andrew. The New York Times international correspondent, Megan Specia and Reuters' text and video journalist, Stephen Farrell, of Reuters, will also feature as panelists. The Frontline Club is based in Paddington, Central London and has hosted some of the biggest names in British journalism over the years and Business Insider is excited to contribute to its rich history.
Persons: Erica Berenstein, Sam McAlister, Prince Andrew, Megan Specia, Stephen Farrell Organizations: Frontline, BBC, The New York Times, Reuters, Business Locations: London, Paddington, Central London
Why do you think that's the case? Have you thought about how you're going to handle people saying that the election was fraudulent? Related storiesIt's not what gets talked a lot about, but that's actually what users experience. But there's going to be people who go, "What happened to so-and-so conspiracy theorist? I'd heard, and I think there's been some reporting out that you guys made an offer for that package.
Persons: We've, Neal Mohan, Mohan, , Snapchat, they're, we've, They're, it's, Donald Trump, that's, Rudy Giuliani, what's, I've, I'd, there's Organizations: Service, YouTube, Google, CNN, New York Times, Fox News, ABC, Elon Musk, Twitter, NBA, Warriors Locations: India
CNBC TechCheck Evening Edition: September 18, 2024
  + stars: | 2024-09-18 | 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 EmailCNBC TechCheck Evening Edition: September 18, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.
Persons: TechCheck Organizations: CNBC Locations: San Francisco
It was against this backdrop that the idea for “Venezuela Retweets” formed, explained “Roberto,” the managing editor of a digital publication in Caracus that is part of the collective behind it. An AI generated presenter known as "The Girl" is one of Venezuela's latest news anchors. This is where the format of Venezuela Retweets comes into its own, as it is designed specifically to be shared on social media. That does not mean Roberto, Huerta and the many journalists whose work goes into the reports of The Girl and The Dude are blind to the risks. “We still live in Venezuela and at the end of the day we’re at risk despite all the measures we can take,” Roberto said.
Persons: , , Pana, Nicolas Maduro’s, Carlos Eduardo Huertas, Nicolas Maduro, Fausto Torrealba, Espacio, Maduro, , “ Roberto, Roberto, Consultores21, Venezuela Retweets, Elon Musk, Shelly Palmer, Huerta, ” Roberto, It’s Organizations: CNN, Venezuela –, Reuters, Espacio Publico, United Nations, Venezuela, Government, Facebook, Foro Penal, Caracas NGO, Advanced Media, Syracuse University, The Locations: Venezuela, Colombian, Caracas, Venezuelan, Cuba, Nicaragua
The fact no details about the operation were given meant US officials were in the dark until reports of hundreds of exploding pagers emerged a short time later, the sources said. Iran’s ambassador to Lebanon was injured by the exploding pagers, according to Iranian state media. The notification from Israel was far more generic and vague, leaving US officials with questions about what the operation could be, the sources said. Since Hamas’ October 7 attack, Israel has regularly carried out strikes in Lebanon in response to the launch of Hezbollah drones and missiles. The breadth of Israeli operations in Lebanon over the past 11 months added to the questions about what Israel could be planning.
Persons: Lloyd Austin, Yoav Gallant, Israel, It’s, Antony Blinken, Blinken, Gallant, Austin, Karine Jean, Pierre, , , ” Jean, Jennifer Hansler Organizations: CNN, Israeli, US, White Locations: Lebanon, Washington, Cairo, Israel, Iran, Gaza, Tehran
The Late Morning Rundown: September 18, 2024
  + stars: | 2024-09-18 | 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 EmailNews Update – Late MorningCNBC brings you fast, accurate, and actionable business news and market updates.
Organizations: CNBC
Read previewSaudi Arabia's new city of the future, Neom, isn't looking quite so glamorous just yet. A wave of vloggers and micro-influencers have been posting on social media about their lives in the still-developing desert city — and their posts are kind of falling flat. AdvertisementThis publicity image shows a design for "The Line," a part of the planned Saudi Arabian desert megacity in Neom. NeomAnd then there's the reality of what living in Neom currently looks like. The city of Neom did not immediately respond to a request for comment from Business Insider, nor did Herman.
Persons: , Saudi Arabia's Crown Prince Mohammed bin Salman, Jessica Herman, Herman, It's, Herman who's, vloggers, Sara Sarasid, Aida McPherson, Joshua Hind, Matt Bevan, Herman's, we've, Neom Organizations: Service, Saudi Arabia's Crown, Business, ABC News, BBC, Saudi, Wall, Variety Locations: Saudi, Neom, KSA
This story is available exclusively to Business Insider subscribers. Jason Redmond/AFP/Getty ImagesA good chunk of the executives Darius highlighted aren't involved in OpenAI's tech. Some of OpenAI's most high-profile executives are instead addressing legal challenges and lobbying regulators in the US and abroad. It's a nod to the fact OpenAI's biggest upcoming fights will take place in a courtroom as opposed to a computer screen. Luckily for you, Business Insider has identified the most famous book set in every state.
Persons: , Tyler Le, Sam Altman, Altman, he's, Darius Rafieyan, OpenAI, Darius, it's, Jason Redmond, aren't, It's, Justin Trudeau's, Somodevilla, Warren Buffett, David Einhorn, Chelsea Jia Feng, Amazon's, Natalie Ammari, Harris, Jamie Dimon, Dimon, Harvey Weinstein, world's, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, Business, Apple, Getty, OpenAI, BMO Capital Markets, Healthcare, Amazon, Google, Trump, Facebook, Reading, Fed, The Locations: AFP, New York, London
CNN —Iranian hackers sent unsolicited information they stole from Donald Trump’s presidential campaign to people who were affiliated with Joe Biden’s campaign over the summer, federal law enforcement officials said Wednesday. The law enforcement statement Wednesday said that the hackers’ efforts to send information to US media outlets have continued. Law enforcement officials have previously said that those efforts also included an unsuccessful attempt to hack the Biden-Harris campaign. The Iranian hackers did breach the email account of longtime Trump ally Roger Stone to target campaign staff in June, CNN has reported. Investigators believe the suspected Iranian hackers breached Stone’s account and then used that email account to try to break into the account of a senior Trump campaign official as part of a persistent effort to access campaign networks.
Persons: Donald Trump’s, Joe Biden’s, , Biden’s, Trump’s, Kamala Harris ’, , Biden, Morgan Finkelstein, Harris, “ We’re, Ohio Sen, JD Vance, Vance, Roger Stone, CNN’s Kaitlan Collins Organizations: CNN, National Intelligence, FBI, Infrastructure Security Agency, Trump, Politico, The New York Times, Washington Post, Islamic Revolutionary Guard Corps, Investigators Locations: stoke
London CNN —Catherine, Princess of Wales has held her first engagement since revealing that she has completed her chemotherapy treatment. Kate, 42 – who is married to the heir to the British throne, Prince William – resumed work by hosting a meeting at Windsor Castle on Tuesday. Kate had been receiving a course of chemotherapy for an unspecified form of cancer since February and has only made a few public appearances in the months since. During her treatment, Kate is known to have been working from home, taking meetings with her team and representatives from her early-years center. She is also expected to attend the annual Remembrance Day service at the Cenotaph in London in November, honoring those who have served in war.
Persons: London CNN — Catherine, Princess, Prince William –, , Royal Foundation of The Prince, Princess of, Kate, Princess Charlotte Organizations: London CNN, Windsor, Royal Foundation of The, CNN’s Royal, Royal Foundation Centre, Wimbledon Locations: Wales, Princess of Wales, Windsor, , London
CNN —The International Brotherhood of Teamsters declined to endorse a presidential candidate on Wednesday after releasing internal polling that showed a majority of its members supported former President Donald Trump over Vice President Kamala Harris. The Trump campaign highlighted that support from “rank-and-file” Teamsters members following the union’s announcement that it would not be endorsing. CNN previously reported that rank-and-file union membership had large pockets of Trump support, even as major labor leaders endorsed Harris. That survey also included Robert F. Kennedy Jr., who garnered about 6% of members’ support. While union members are thought of as a traditionally Democratic voting bloc, Trump has been working to make inroads among rank-and-file members.
Persons: Donald Trump, Kamala Harris, It’s, Sean O’Brien, , Harris, Joe Biden, Trump, O’Brien, Hillary Clinton, Biden, George H.W, George H.W . Bush, ” O’Brien, Robert F, Kennedy Jr, Kennedy, Clinton, Tim Walz, CNN’s Kate Sullivan Organizations: CNN, Brotherhood of Teamsters, Big Business, Trump, Teamsters, Republican, Convention, Democratic, American Federation of Teachers, United Auto Workers, , RNC, Minnesota Gov Locations: Harris, George H.W ., Michigan, Wisconsin, Pennsylvania
"We estimate that Brent could fall to roughly $50 per barrel in a moderate [U.S.] recession … We have a fairly benign view on the global economy," Struyven said during the conference. en Luckock global head of oil at Trafigura"Things are slowing down. Trading Giant Trafigura raised concerns about China's weak demand, and the global oil consumption tied to it. China's slowdown has spurred some to scour for alternative oil demand drivers, with a few eyeing India as a potential candidate. India is the third largest consumer of oil at around 5 million barrels of oil per day, 5% of the world's oil consumption.
Persons: Andrey Rudakov, Goldman Sachs, Brent, Struyven, Torbjörn Törnqvist, Ben Luckock, we're, Bing Chen, Gunvor Organizations: Tuapsinsky, Rosneft Oil, Bloomberg, Getty, Global Commodities, Daan, CNBC, Global, Brent, U.S, West Texas Locations: Tuapse, Russia, China, U.S, Ukraine, India, Japan, Germany, Hong
New York CNN —Elon Musk is using his social media platform to promote misinformation about the presidential candidates in the lead up to the November election, amplifying false claims Wednesday about a Trump rally bomb threat and immigrants eating pets in Ohio. Then on Wednesday, Musk reshared a bogus claim that a bomb had been discovered near the site of a planned Trump rally in Long Island. Musk’s own post has been earmarked with a crowd-sourced “community notes” fact-check that makes clear the claim was false. X did not respond to a CNN request for comment Wednesday on Musk’s posts. Musk is far from the only figure spreading false information on the platform, though he is easily one of its biggest voices.
Persons: New York CNN — Elon, Donald Trump, Musk, Biden, Kamala, , Kamala Harris, Musk’s, Trump, JD Vance, Nate Silver, Silver, Harris Organizations: New, New York CNN, Trump, ABC, Long Island . Police, CNN, Twitter Locations: New York, Ohio, Long Island, Springfield , Ohio, Springfield, Nevada , Wisconsin , Michigan, Pennsylvania
Adrian Wojnarowski looks on before a game at Kaseya Center in Miami on June 7, 2023. ESPN 's star NBA insider Adrian Wojnarowski is retiring from the company, according to a post from his X account Wednesday morning. The longtime sports reporter will take a job at St. Bonaventure, his alma mater, and become the general manager of its men's basketball program, the university said. Wojnarowski often broke big news in the NBA world, so frequently that his breaking news reports on player transactions became colloquially known as "Woj bombs." He has led the industry at ESPN, and his dedication to the craft and to fans is legendary."
Persons: Adrian Wojnarowski, Bonaventure, Wojnarowski, Shams Charania, Woj, Jimmy Pitaro Organizations: Kaseya Center, ESPN, NBA, Yahoo Locations: Miami, St
In May 2000, the group managed to drive Israel out of southern Lebanon after a grueling guerilla conflict. On the evening of July 30, an Israeli drone fired two missiles into a residential building in southern Beirut, killing senior Hezbollah commander Fu’ad Shukr. Taken together, the missile attack and the exploding devices represent a dramatic infiltration by Israel of Hezbollah’s critical command and control networks. Israel denied any important targets were struck and no evidence has been made public to contradict that denial. Israel is no longer willing to tolerate the slow-burn war on its northern border and is resorting to ever more extreme and potentially escalatory measures.
Persons: Lebanon CNN —, Assad, Fu’ad Shukr, Shukr’s, Hassan Nasrallah, Organizations: Lebanon CNN, Hezbollah, CNN Locations: Beirut, Lebanon, Israel, Iranian, Syria, Iran, Russia, Lebanese, Israeli, pagers, Gaza
This as-told-to essay is based on a conversation with an Amazon worker in Germany who spoke anonymously to protect their privacy. Amazon notified all employees on Monday about the new return-to-office mandate requiring us to come into the office five days a week from January. Before Amazon made the announcement this week, I already had a feeling that a stricter return-to-office mandate was coming in 2025. I see the value in coming together occasionally and brainstorming, but outside that, it's unnecessary to always work from the office. The consensus among other Amazon employees I've spoken to is that they plan to leave when the economy and job market improve.
Persons: I'm Organizations: Service, Business, Amazon Locations: Germany
CNBC Daily Open: Hoping for a 50-basis-point cut
  + stars: | 2024-09-18 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
Anna Moneymaker | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Without any warning signs flashing red, it's difficult for the Fed to justify lowering rates by more than a quarter point. That's why some economists and analysts hope the Fed will cut by half a point. "But I suspect they'll cut 25," Zandi added.
Persons: Anna Moneymaker, Mark Zandi, they'll, Zandi, Hope, Jeff Cox, Hakyung Kim, Samantha Subin Organizations: Federal Reserve, Getty, CNBC, Dow, Moody's Locations: Washington , DC, U.S
Globally: The International Association for Suicide Prevention and Befrienders Worldwide have contact information for crisis centers around the world. But, Mehta said, “we act like we know everything there is to know about suicide prevention. During the past two decades federal officials have launched three national suicide prevention strategies, including one announced in April. Without accurate statistics, researchers can’t figure out who dies most often by suicide, what prevention strategies are working, and where prevention money is needed most. Similarly, the fledgling 988 Suicide & Crisis Lifeline faces similar, serious problems.
Persons: Pooja Mehta’s, Raj, , , Mehta, , Michael Schoenbaum, ” Schoenbaum, Schoenbaum, Jane Pearson, Kim Deti, Janet Lee, haven’t, Anita Everett, Dr, Sanjay Gupta, Lena Heilmann, ” Mehta, Cheryl Platzman Organizations: KFF Health, International Association for Suicide Prevention, Befrienders, Mental Health, Alaska Natives, Centers for Disease Control, CDC, National Institute of Mental Health, NIMH, Wyoming Department of Health, Lewis Katz School of Medicine, Temple University, National Alliance, Mental, Mental Health Services Administration, Center for Mental Health, CNN, CNN Health, state’s, Colorado Department of Public Health, Environment, KFF, National Institute for Health Care Management Foundation Locations: Arlington , Virginia, Alaska , Montana , North Dakota, Wyoming, SAMHSA, Colorado
Bulletproofing America’s Classrooms
  + stars: | 2024-09-18 | by ( Emily Baumgaertner | Alex Kalman | ) www.nytimes.com   time to read: +11 min
Ballistic armor companies are marketing protective products designed for the military to parents and schools. A snippet from a series of demonstration video on First Line Furniture's website. Bulletproof Collapsible Safe RoomsA snippet from a demonstration video on the KT Security Solutions website. Still, with another back-to-school season in full force, some educational leaders are deeply troubled by the proliferation of armored products. “Arm us with books, counselors and resources, not bulletproof vests,” said Randi Weingarten, president of the American Federation of Teachers.
Persons: , McGraw Hill, , Dewey Cornell, Steve Naremore, you’re, ’ ”, I’m, , Kenneth Trump, , Carrie Gaines, Gunnar, Hardwire, Trump, James Bond, Aaron Taormino, Seals, Mr, Daniel Leventry, ’ It’s, we’ll, J.C, Velazquez, Let’s, Ross Kaelin, Steven Lamkin, Randi Weingarten Organizations: National Institute of Justice, , University of Virginia, Atomic Defense, Tuffy, New York Times, Lineville Elementary, KT, Solutions, KT Security Solutions, 3M, Covenant School, Salisbury Christian School, Police, American Federation of Teachers Locations: United States, Uvalde , Texas, America, Redding, Calif, Parkland, Tampa , Fla, , Alabama, Nashville, Tenn, Maryland, Salisbury, Md, hardwirellc.com
The Fed was widely expected to lower short-term interest rates, but the 25 basis points versus 50 debate raged right up until the announcement. Mortgage rates: We talked last week during our September Monthly Meeting about how housing activity can start to pick up when mortgage rates fall off their cycle highs to somewhere in the range between 5% and 6.5%. However, what the data shows is how sensitive activity is to every dip in mortgage rates. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Jerome Powell, Stanley Black, Decker, Mortgage Banks, Jim Cramer's, Lisa Su, Oliver Garden, Jim Organizations: CNBC, ., Federal Reserve, Stanley, Mortgage, Micro, LongHorn, Darden, Jim Cramer's Charitable
The Pre-Market Rundown: September 18, 2024
  + stars: | 2024-09-18 | 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 EmailNews Update – Pre-MarketsCNBC brings you fast, accurate, and actionable business news and market updates.
Organizations: CNBC
CNBC Daily Open: Hoping for a half-point cut
  + stars: | 2024-09-18 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
Anna Moneymaker | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Without any warning signs flashing red, it's difficult for the Fed to justify lowering rates by more than a quarter point. That's why some economists and analysts hope the Fed will cut by half a point. "But I suspect they'll cut 25," Zandi added.
Persons: Anna Moneymaker, Mark Zandi, they'll, Zandi, Hope, Jeff Cox, Hakyung Kim, Samantha Subin Organizations: Federal Reserve, Getty, CNBC, Dow, Moody's Locations: Washington , DC, U.S
The super PAC, Future Coalition PAC, also ran other ads that highlight the Jewish faith of Harris’ husband, Doug Emhoff, including ads that have leaned on antisemitic “dual loyalty” tropes about Jewish Americans. The first two clips used in the new Harris ad come from Harris’ remarks after meeting with Israeli Prime Minister Benjamin Netanyahu in July, four days after President Joe Biden announced he wouldn’t seek another term in office. The majority of the nine ZIP codes in the Harris ad campaign are represented by Democratic Rep. Rashida Tlaib in Congress. The Harris campaign did not comment on its ad strategy. Harris addressed the issue during remarks Tuesday at a discussion with the National Association of Black Journalists.
Persons: Kamala Harris ’, Harris, Harris sympathizing, Harris ’, Doug Emhoff, Benjamin Netanyahu, Joe Biden, wouldn’t, , ” Harris, , Biden, Rashida Tlaib, Tlaib, hasn’t Organizations: Google, Biden, GOP, Israel, Future Coalition PAC, Israeli, Democratic Rep, Palestinian, Democratic National Convention, NBC News, White, National Security, National Association of Black Journalists Locations: Detroit, Gaza, Snapchat, Dearborn, Eastern, American, Israel, Congress, Palestinian American, Chicago
Gavin Newsom signed two bills Tuesday aimed at protecting actors and other performers from unauthorized use of their digital likenesses. A lot of dreamers come to California, but sometimes they’re not well-represented,” Newsom said in a video shared on social media Tuesday. The union has strongly advocated for the new laws, along with other protections for actors and other performers surrounding AI. In July, Hollywood video game performers voted to strike over continual AI concerns. “But AI is about to explode, and in a way that we have no idea what the consequences are.”
Persons: Gavin Newsom, Newsom, ” Newsom, we’re, Fran Drescher, Drescher, , , Drake, Tupac Shakur’s, , AFTRA, Tom Hanks, Scarlett Johansson, Mark Ruffalo, ” Ruffalo Organizations: SAG, Hollywood Locations: California, Silicon
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