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☆ OpenAI's investors include Silicon Valley's most prolific bubble chasers. Is that a bad sign for the company's future?
▼ + stars: | 2024-10-03 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +4 min

AdvertisementOpenAI has officially closed a historic funding round. AdvertisementTiger Global is also one of the firms that backed OpenAI in this latest funding round. AdvertisementNotably absent from the list of OpenAI investors was Apple, which is said to have dropped out of the deal at the 11th hour. Apple's inclusion in OpenAI's funding round may have gone a long way toward quieting doubts about OpenAI's palace intrigue and general chaotic vibe. A few weeks ago, this funding round was being talked about as the arrival of the adults in the room.

Persons: OpenAI, —, Adam Neuman, Masayoshi Son, Neuman, SoftBank, Morningstar, You'd, Goldman Sachs, Tim Cook, Cook, Elon Musk Organizations: Nvidia, United, United Arab Emirates, Service, SoftBank's, Business, Ark Venture, BI, Apple Locations: United Arab, Silicon, Silicon Valley

☆ Modelo brewer Constellation falls despite an earnings beat. Here's why we're not concerned
▼ + stars: | 2024-10-03 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +10 min

Modelo and Corona brewer Constellation Brands is a tale of two businesses. Constellation Brands Why we own it : Constellation Brands' beer franchise, which includes popular Mexican brands Modelo, Corona and Pacifico, is the growth engine and by far the most attractive part of the business. And, the profitability of its beer business — operating margins were an impressive 42.6% in the quarter — puts Constellation in a position of strength. Still, raising an anchor is always welcome news, and talk of its booming beer business would, at last, no longer need the wine-and-spirits caveat. Looking ahead, its beer business should continue grabbing market share and its hard to imagine the wine-and-spirits unit getting much worse.

Persons: Bill Newlands, Thursday's, Newlands, Kim Crawford, There's, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Corona, Constellation Brands, LSEG, Modelo, Anheuser, Busch Inbev, Molson Coors, Investors, Constellation, National Football League, Bloomberg, Brier, Modelo Especial, CNBC Locations: Corona, Pacifico, Wednesday's, U.S, Campo, West Coast, San Rafael , California

In Detroit as in the rest of the U.S., the violent crime rate has dropped and is near historic lows. Last month, new FBI numbers showed that murder declined 11.6% in 2023, the largest single year drop on record. But Trump and his allies have also cherrypicked statistics and falsely told supporters that FBI crime data can’t be believed. Crime data skeptics also have attributed declining crime numbers to “woke prosecutors” who are failing to file charges. But Trump uses these low 2020 and 2021 victim survey numbers, despite the doubts cast on them, to argue that violent crime has spiked significantly during the Biden-Harris administration.

Persons: Donald Trump, “ That’s, James White, “, there’s, ” White, carjackings, Trump, ” Trump, ”, Doubters, —, Harris, ” Kevin Scott, ” Jeff Asher, Jordan Thornhill, Criminologist Alex Piquero, Venecca Thornhill, Andre Thornhill, “ Jordan, ” Andre Thornhill, Jordan Thornhill’s, we’re, We’ve, we’ve Organizations: NBC News, Detroit police, Detroit Police, NBC News Detroit, New York Police Department, Detroit, FBI, Department, Trump, Biden, of Justice Statistics, CIA, University of Miami, University of, Cities, Police, Chiefs Association, Michigan State, Alcohol, Tobacco, Firearms, Explosives, ATF, Michigan State University Locations: America, Detroit, United States, U.S, New York City, Thornhill, ”

☆ The big catalyst for the week: How to trade Friday’s job report
▼ + stars: | 2024-10-02 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

The best-case scenario for stocks is if Friday's jobs report comes in slightly above consensus, according to JPMorgan. Here are the bank's five scenarios: Above 200,000 jobs added: The S & P 500 trades flat or as much as 0.5% higher. Between 160,000 to 200,000 jobs added: The S & P 500 gains between 1% and 1.5%. Between 140,000 to 160,000 jobs added: The S & P 500 rises by 0.75% to 1.25%. Between 110,000 to 140,000 jobs added: JPMorgan traders see the S & P 500 sliding between 0.5% and 1.5%.

Persons: Jerome Powell, Dow Jones, JPMorgan's, Michael Feroli, nonfarm Organizations: JPMorgan, Investors, Federal Locations: U.S

☆ NFL Week 4 takeaways: Are Commanders Super Bowl contenders with star rookie QB? Will injuries catch up with Chiefs? Time to worry in Philly?
▼ + stars: | 2024-10-02 | by ( Ben Morse | ) edition.cnn.com time to read: +18 min

Matt Slocum/AP Kansas City Chiefs quarterback Patrick Mahomes runs the ball against Cincinnati Bengals cornerback Dax Hill during the Chiefs' 26-25 victory in Kansas City, Missouri, on Sunday, September 15. Ken Blaze/USA Today Sports/Reuters Washington Commanders running back Brian Robinson Jr. breaks a tackle from Tampa Bay Buccaneers linebacker K.J. David Banks/USA Today Sports/Reuters Rhamondre Stevenson of the New England Patriots runs the ball against Cincinnati Bengals defenders in Cincinnati on September 8. Ed Zurga/AP Kansas City Chiefs quarterback Patrick Mahomes scrambles during the game against the Baltimore Ravens in Kansas City, Missouri, on September 5. Just looking at the results, it’s been a near perfect start for the Kansas City Chiefs.

Persons: Jayden Daniels, Christian Petersen, Tremon Smith, Greg Zuerlein, Seth Wenig, Ja'Tavion Sanders, Germaine Pratt, Grant Halverson, Eric Murray, Trevor Lawrence, Eric Gay, George Kittle, Jed Jacobsohn, Darius Slayton, Eric Kendricks, Brad Penner, Reuters Damar Hamlin, Bryan M, Bennett, Sam Darnold, Johnny Mundt, Stephen Maturen, Calvin Austin III, Brandon Sloter, John Amis, Aaron Jones, Stacy Bengs, Dak Prescotts, Cooper Neill, Allen Lazard, Alex Austin, Darnell Mooney, Matt Slocum, Patrick Mahomes, Dax Hill, Jay Biggerstaff, Deebo Samuel Sr, Camryn Bynum, Ivan Pace Jr, Abbie Parr, Alvin Kamara, Kamara, Tim Heitman, Tua Tagovailoa, Tagovailoa, Jasen, Aaron Rodgers, Rodgers, Caroline Brehman, Shutterstock, Dak Prescott, Prescott, Ken Blaze, Brian Robinson Jr, K.J, Britt, Nathan Ray Seebeck, Jaylen Waddle, Hill, Stephanie V, Daniels, Al Diaz, Justin Fields, Danny Karnik, Okonkwo, Tyrique Stevenson, David Banks, Reuters Rhamondre Stevenson, Jason Mowry, Andrew Van Ginkel, Vincent Carchietta, Rebecca Blackwell, Khalil Shakir, Justin Jones, Jordan Love, Brooke Sutton, São Paulo, South America Kirby Lee, Taylor Swift, Travis Kelce, Reed Hoffmann, Isaiah, Ed Zurga, Patrick Mahomes scrambles, Charlie Riedel, skillset, –, Kliff Kingsbury, Daniels ’, Robert Griffin III, Daniels wasn’t, “, ’ ” Daniels, it’s, Vince Lombardi, Marquise Brown, Brown, Isiah Pacheco, Rashee Rice, Ian Rapoport, Rice, Ashley Landis, Mahomes, ”, Travis, that’s, Nick Sirianni, Saquon Barkley, AJ Brown, DeVonta Smith, Vic Fangio, Jalen, Mike Ehrmann, ” Sirianni, “ We’re Organizations: CNN, National Football League, Washington, Arizona Cardinals, Getty Images Denver Broncos, New York Jets, Broncos, AP Carolina Panthers, Cincinnati Bengals, Bengals, Panthers, Getty Images Houston Texans, Jacksonville, Texans, AP San Francisco 49ers, 49ers, New England Patriots, AP New York Giants, Dallas Cowboys, Giants, Cowboys, USA, Sports, Reuters, Buffalo Bills, Jacksonville Jaguars, Getty Images Minnesota Vikings, Vikings, Houston Texans, Getty Images Pittsburgh Steelers, Steelers, Los Angeles Chargers, Green Bay Packers, Packers, Tennessee Titans, AP Minnesota Vikings, AP Dallas Cowboys, Baltimore Ravens, The Jets, Reuters Atlanta Falcons, Philadelphia Eagles, AP Kansas City Chiefs, Chiefs, Super Bowl, Reuters San Francisco 49ers, Minnesota Vikings, AP New Orleans Saints, Reuters Miami Dolphins, Reuters New York Jets, San Francisco 49ers, AP Los Angeles Chargers, Las Vegas Raiders, Shutterstock Dallas Cowboys, Cleveland Browns, NFL, Reuters Washington, Tampa Bay Buccaneers, Buccaneers, Dade Police, Miami Herald, Tribune, Service, Atlanta Falcons, Falcons, AP Tennessee Titans, Chicago Bears, Titans, Bears, Patriots, New York Giants, AP Buffalo Bills, Bills, São Paulo, The Eagles, Getty, Neo, Kansas City Chiefs, AP Baltimore Ravens, Arrowhead, Super, NFC, Cardinals, New Orleans Saints, Chargers, Mahomes, Bowl, New, Eagles, Saints, Bucs, Atlanta Falcons Cincinnati Bengals, Carolina Panthers Los Angeles Rams, Chicago Bears Minnesota Vikings, Green Bay Packers Jacksonville Jaguars, Houston Texans Pittsburgh Steelers, Indianapolis Colts Denver Broncos, New York Jets Philadelphia Eagles, Tampa Bay Buccaneers Washington, Arizona Cardinals New England Patriots, San Francisco 49ers Kansas City Chiefs, Los Angeles Chargers Cleveland Browns, Las Vegas Raiders Buffalo Bills, Baltimore Ravens Monday Tennessee Titans, Miami Dolphins Seattle Seahawks, Detroit Lions Locations: Glendale , Arizona, East Rutherford , New Jersey, Charlotte , North Carolina, Houston, Santa Clara , California, Orchard Park , New York, Minneapolis, Pittsburgh, Nashville, Arlington , Texas, Philadelphia, Kansas City , Missouri, Miami Gardens , Florida, Inglewood , California, Cleveland, Tampa , Florida, Miami, Atlanta, Chicago, Cincinnati, São, South America, New Orleans, Arizona, Washington, , Kansas, Kansas, Philly, Brazil, City

☆ South Korea factory activity shrinks sharply as overseas demand weakens, PMI shows
▼ + stars: | 2024-10-02 | by ( ) www.cnbc.com time to read: +2 min

Aerial view of the capital city of Seoul in South Korea, seen at sunset. South Korea's factory activity contracted at the sharpest pace in 15 months in September as overseas demand slowed for the first time in the year, a private survey showed on Wednesday, suggesting a slow road to a full-blown economic recovery. Output and new orders shrank in September, after gaining for five straight months, with the steepest slump in 11 months and 15 months, respectively. Specifically, export sales to China, Japan, India and the United States weakened, according to the survey. The survey showed backlogs of work, an indicator of near-term activity, fell by the most in five months, while optimism for the year ahead weakened sharply to the lowest level since December 2022.

Persons: Usamah Bhatti Organizations: P Global, P Global Market Intelligence, Employment, Samsung Electronics, SK Locations: Seoul, South Korea, China, Japan, India, United States

Several major banks, including Capital One 360, Ally, and BMO Alto, responded by dropping their high-yield savings account rates. It's not as easy to find 5% interest savings accounts as it was before the Fed meeting. However, there are ways you can navigate savings rate declines to keep earning a high interest rate for a bit longer. Savings account interest rate dropsIf you're using a major online bank to earn a high interest rate on your savings account, you might be disappointed by the recent Fed interest rate cuts. Capital One 360 Performance Savings fell from 4.25% APY to 4.10% (rate as of 9/27/24) APY, while Ally lowered its savings account rate from 4.20% to 4.00% APY.

Persons: —, Ally didn't, Ally, Marcus, Goldman Sachs, Pibank, we've, you'll, Kit Pulliam, They’ve, Kit Organizations: Fed, BMO Alto, Federal Reserve, Capital, BMO, CIBC USA, Navy Federal Credit Union, Pibank Savings, Pulliam, Business, Tax, MSN, Vanderbilt University

☆ Tiger Global is backing OpenAI in new $6.6 billion investment round
▼ + stars: | 2024-10-02 | by ( Ben Bergman | Sri Muppidi | ) www.businessinsider.com time to read: +2 min

OpenAI announced it raised $6.6 billion in new funding at a $157 billion post-money valuation. Tiger Global Management is part of this round, according to two sources familiar with the matter. AdvertisementTiger Global Management is doubling down on OpenAI, investing in the ChatGPT maker's massive new funding round, according to a source familiar with the matter. OpenAI announced Wednesday it raised $6.6 billion in new funding at a $157 billion post-money valuation. AdvertisementThe closure of OpenAI's new funding round comes just a week after three of its top leaders suddenly resigned.

Persons: OpenAI, Tiger, —, couldn't, Chase Coleman, Mira Murati, Bob McGrew, Barret Zoph Organizations: Tiger Global Management, Service, Global Management, Bloomberg, ARK Venture Fund, Microsoft, Nvidia, Fidelity, Tiger Global, Research, Post

☆ Another setback for Elon Musk's SpaceX after mishap with NASA rescue mission
▼ + stars: | 2024-10-02 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

SpaceX launched its mission to rescue the two Starliner astronauts — but it didn't go entirely according to plan. The company's Falcon 9 rocket has been grounded after a booster landed in the wrong place. It's the third time in three months that the Falcon 9 has been grounded. AdvertisementSpaceX's workhorse rocket has been grounded for the third time in three months after malfunctioning during a mission to rescue two astronauts stuck in space. The rocket was also briefly grounded by the FAA in August after failing an attempt to land back on Earth.

Persons: —, Boeing's Starliner, Elon Musk, Musk, Butch Wilmore, Suni Williams Organizations: SpaceX, Service, Federal Aviation Administration, FAA, Elon, Boeing, NASA, Crew

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Tesla, Nike, Meta, Alphabet, Rio Tinto & more
▼ + stars: | 2024-10-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

JPMorgan upgrades Parr Pacific to overweight from neutral JPMorgan said the gas exploration and production company has overcorrected. JPMorgan downgrades MercadoLibre to neutral from overweight JPMorgan downgraded the online Latin American marketplace mainly due to valuation. Wells Fargo reiterates Meta as overweight Wells Fargo raised its price target on Meta to $652 per share from $647. JPMorgan upgrades SAIC to overweight from neutral The firm says it sees "profitable growth" for the IT company. Berenberg upgrades Rio Tinto to buy from hold Berenberg says the metals and mining company is a "medium-term diversified winner."

Persons: Roth, DA Davidson, Davidson, PARR, Wolfe, Raymond James downgrades, Raymond James, Guggenheim, Mizuho, it's bullish, tailwinds, Wells, Wells Fargo, Canaccord, Tesla, Berenberg, Baird downgrades Harley, Baird, Harley, Gordon, FANG, Bernstein Organizations: Iren Energy, Industries, JPMorgan, Parr, Northland, TAM, Raymond James downgrades GE, GE, Deutsche Bank, Nike, Absci Corporation, Mizuho, Kodiak, Kodiak Gas Services, Meta, SAIC, IT, Tesla, Mobile, T Bank, Buffalo, Rio Tinto, BHP, Home Depot, Barclays, Diamondback Energy, Nvidia, Apple Locations: OW, Asia, Vegas, Northland, Salesforce, Rio, American

☆ Goldman-backed Starling Bank hit with $38.5 million fine for financial crime prevention failures
▼ + stars: | 2024-10-02 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

U.K. financial regulators hit British digital lender Starling Bank with a £29 million ($38.5 million) fine over failings related to its financial crime prevention systems. In a statement on Wednesday, London's Financial Conduct Authority said it had fined Starling "for financial crime failings related to its financial sanctions screening." Starling also repeatedly breached a requirement not to open accounts for high-risk customers, the FCA said. Since then, Starling has reported multiple potential breaches of financial sanctions to relevant authorities, according to the British regulator. The FCA said that Starling has already established programs to remediate the breaches it identified and to enhance its wider financial crime control framework.

Persons: Starling, David Sproul Organizations: Starling, Authority, FCA, Starling Bank Locations: British

☆ Red hot refinance demand retreats after tiny bump higher in mortgage rates
▼ + stars: | 2024-10-02 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Mortgage rates moved ever so slightly higher last week, but it was enough to take a little heat out of what had been a briefly red hot refinance market. That caused total mortgage application volume to fall 1.3% for the week, according to the Mortgage Bankers Association's seasonally adjusted index. The rate was 139 basis points higher the same week one year ago. As a result, mortgage rates were up modestly," said Mike Fratantoni, MBA's SVP and chief economist in a release. Mortgage rates moved very slightly lower again to start this week, as bond yields dipped following escalations in the bombing in the Middle East conflict.

Persons: Mike Fratantoni, Fratantoni Organizations: Mortgage, MBA's

☆ Meeting the Future of Media
▼ + stars: | 2024-10-02 | by ( Kate Rooney | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeeting the Future of MediaAI tools are helping companies create better content and reach more customers as technology continues to evolve at a breakneck pace. MNTN President & CEO Mark Douglas and Runway Co-founder & CEO Cristóbal Valenzuela join us to talk about how AI is changing the media landscape and what they see as the most important developments that will help business leaders stay ahead of the curve.

Persons: Mark Douglas, Cristóbal Valenzuela Organizations: Media, Runway

☆ These 3 indicators are pointing to a healthy labor market similar to the pre-pandemic boom, according to Goldman Sachs
▼ + stars: | 2024-10-02 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Investors are worried that labor market weakness could thwart a soft landing. AdvertisementAs inflation creeps downward, investors are increasingly turning their attention to the labor market to look for clues of a soft landing. Labor market fundamentals remain strong, according to Joseph Briggs, co-lead of Goldman Sachs' global economics team and a former Federal Reserve senior economist. "If we take a broad assessment across a number of different labor market indicators, they are still roughly where they were from 2017 to 2019, and that was a pretty healthy labor market," Briggs said. AdvertisementIn Briggs' view, the following three indicators point to a normalizing late-cycle labor market, and in turn, a strong economy.

Persons: Goldman Sachs, Joseph Briggs doesn't, Briggs, —, shouldn't, Joseph Briggs, We're Organizations: Service, Labor, Federal Reserve, Real

☆ FAA grounds SpaceX's Falcon 9 rocket after a malfunction on its return to Earth
▼ + stars: | 2024-10-01 | by ( ) www.nbcnews.com time to read: +3 min

Before that, groundings were rare for Falcon 9, SpaceX’s centerpiece rocket, which much of the Western world relies on for accessing space. SpaceX is likely to seek FAA approval to resume flights in a similar manner, while its engineering investigation continues with oversight by the FAA. The agency regulates rocket launches and rocket re-entries to the extent they may affect public safety. Falcon 9’s first stage is reusable, but its second stage is not. The Falcon 9 grounding does not directly affect Starship, SpaceX’s giant, next-generation rocket system that it has tested four times since 2023.

Organizations: U.S . Federal Aviation Administration, NASA, SpaceX, Saturday, International Space Station, ISS, FAA, Falcon

☆ I used to hate running but loved weight-lifting. Here's how I finally made jogging a habit I enjoy by embracing hybrid training.
▼ + stars: | 2024-10-01 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +7 min

Doing cardio and strength training is linked to longevity, so she tried what's known as hybrid training. She made running a habit by not pushing herself too hard and making it as enjoyable as possible. While weight training is on the up, so is running: Running remained the most popular sport on Strava in 2023, up 4% since 2022. I know that when trying to establish a new healthy habit, going slow and steady makes it more likely to stick. I'm running for my long-term health and fitness, for the mental challenge, and so I can walk up multiple flights of stairs without getting out of breath.

Persons: Rachel Hosie, —, I've, I'm, Rachel Hose, Couch, ambitiously, I'd, Strava Organizations: Service

☆ Nike's new CEO has a big uphill struggle ahead
▼ + stars: | 2024-10-01 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Elliott Hill is preparing to start as the CEO of Nike amid revenue decline and market challenges. Nike's Q1 fiscal 2025 earnings report shows a 10% revenue drop to $11.6 billion. AdvertisementNike's new CEO will have several challenges to overcome when he takes over in less than two weeks. Nike released its first-quarter fiscal 2025 earnings report on Tuesday, and revenue declined 10% from the previous year to $11.6 billion. Hill, who's scheduled to start as CEO on October 14, wasn't present for Tuesday's earnings call.

Persons: Elliott Hill, —, wasn't, Hill's, Matthew Friend Organizations: Nike, Service, Force Locations: Maine, Texas

☆ 25 increasingly efficient stocks with profitability heading into the Q3 earnings season: Goldman Sachs
▼ + stars: | 2024-10-01 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

There's an unusually wide gap between highly efficient companies and everyone else. Here are 25 standout stocks to consider ahead of the Q3 earnings season. AdvertisementThe market's most efficient companies are separating from the pack at a crucial time in the year. AdvertisementThe gap between highly efficient companies — as measured by returns on equity — and other stocks in the S&P 500 has widened, Goldman Sachs found. 25 increasingly efficient stocks to targetIn his weekly note, Kostin shared an updated list of 50 stocks set to enjoy the largest growth in returns on equity.

Persons: Goldman Sachs, —, David Kostin, Kostin, That's Organizations: Service

☆ Julian Assange says he pleaded ‘guilty to journalism’ to secure his freedom in first public remarks since leaving prison
▼ + stars: | 2024-10-01 | by ( Lauren Said-Moorhouse | ) edition.cnn.com time to read: +1 min

“I want to be totally clear: I am not free today because the system worked,” Assange told lawmakers. “I am free today after years of incarceration because I pled guilty to journalism.”Assange was released in June after agreeing to plead guilty to a single felony charge in exchange for time served. The deal was finalized in a remote US court in the Pacific before he flew on to his native Australia. Before his deal with the US Justice Department, the Australian had been facing 18 criminal charges related to his organization’s dissemination of classified material and diplomatic cables, and a 175-year jail sentence. Assange, accompanied by his wife Stella and WikiLeaks editor-in-chief Kristinn Hrafnsson, appeared calm and at ease during his roughly 20-minute statement on Tuesday.

Persons: Julian Assange, “, ” Assange, Assange, Stella, Kristinn Hrafnsson Organizations: CNN, of Europe, Ecuadorian, US Justice Department, WikiLeaks Locations: United States, Strasbourg, Australia

☆ NFL Week 4 Monday: Lions QB Jared Goff makes history in Detroit victory over Seahawks, Titans get 1st win
▼ + stars: | 2024-10-01 | by ( Ben Morse | ) edition.cnn.com time to read: +16 min

Matt Slocum/AP Kansas City Chiefs quarterback Patrick Mahomes runs the ball against Cincinnati Bengals cornerback Dax Hill during the Chiefs' 26-25 victory in Kansas City, Missouri, on Sunday, September 15. Ken Blaze/USA Today Sports/Reuters Washington Commanders running back Brian Robinson Jr. breaks a tackle from Tampa Bay Buccaneers linebacker K.J. David Banks/USA Today Sports/Reuters Rhamondre Stevenson of the New England Patriots runs the ball against Cincinnati Bengals defenders in Cincinnati on September 8. Ed Zurga/AP Kansas City Chiefs quarterback Patrick Mahomes scrambles during the game against the Baltimore Ravens in Kansas City, Missouri, on September 5. Jay Biggerstaff/USA Today Sports/Reuters Fans enter Arrowhead Stadium in Kansas City, Missouri, ahead of the game between the Kansas City Chiefs and the Baltimore Ravens on September 5.

Persons: Monday’s, Jared Goff, Jameson Williams, Goff, ESPN’s Lisa Salters, Goff didn’t, hadn’t, ” Goff, “, Nic Antaya, Ra St, Brown, Dan Campbell, Williams, ” Campbell, Geno Smith, Smith, Kenneth Walker III, Aidan Hutchinson, Seattle’s, Mike Macdonald, we’re, ” Macdonald, we’ve, Will Levis, Levis, Bill Callahan, Mason Rudolph stewarding, Callahan, he’s, Jayden Daniels, Christian Petersen, Tremon Smith, Greg Zuerlein, Seth Wenig, Ja'Tavion Sanders, Germaine Pratt, Grant Halverson, Eric Murray, Trevor Lawrence, Eric Gay, George Kittle, Jed Jacobsohn, Darius Slayton, Eric Kendricks, Brad Penner, Reuters Damar Hamlin, Bryan M, Bennett, Sam Darnold, Johnny Mundt, Stephen Maturen, Calvin Austin III, Brandon Sloter, John Amis, Aaron Jones, Stacy Bengs, Dak Prescotts, Cooper Neill, Allen Lazard, Alex Austin, Darnell Mooney, Matt Slocum, Patrick Mahomes, Dax Hill, Jay Biggerstaff, Deebo Samuel Sr, Camryn Bynum, Ivan Pace Jr, Abbie Parr, Alvin Kamara, Kamara, Tim Heitman, Tua Tagovailoa, Tagovailoa, Jasen, Aaron Rodgers, Rodgers, Caroline Brehman, Shutterstock, Dak Prescott, Prescott, Ken Blaze, Brian Robinson Jr, K.J, Britt, Nathan Ray Seebeck, Jaylen Waddle, Hill, Stephanie V, Daniels, Al Diaz, Justin Fields, Danny Karnik, Okonkwo, Tyrique Stevenson, David Banks, Reuters Rhamondre Stevenson, Jason Mowry, Andrew Van Ginkel, Vincent Carchietta, Rebecca Blackwell, Khalil Shakir, Justin Jones, Jordan Love, Brooke Sutton, São Paulo, South America Kirby Lee, Taylor Swift, Travis Kelce, Reed Hoffmann, Isaiah, Ed Zurga, Patrick Mahomes scrambles, Charlie Riedel, ” Callahan, ” Levis, Rudolph, Nick Folk, Tony Pollard, Tyjae Spears, Tyler Huntley, Miami’s, Jacksonville Jaguars –, Jason Sanders Organizations: CNN, NFL, Detroit Lions, Seattle Seahawks, Seahawks, Lions, Ford, Seattle, Detroit, Titans, Miami Dolphins, Tennessee, Washington, Arizona Cardinals, Getty Images Denver Broncos, New York Jets, Broncos, AP Carolina Panthers, Cincinnati Bengals, Bengals, Panthers, Getty Images Houston Texans, Jacksonville, Texans, AP San Francisco 49ers, 49ers, New England Patriots, AP New York Giants, Dallas Cowboys, Giants, Cowboys, USA, Sports, Reuters, Buffalo Bills, Jacksonville Jaguars, Getty Images Minnesota Vikings, Vikings, Houston Texans, Getty Images Pittsburgh Steelers, Steelers, Los Angeles Chargers, Green Bay Packers, Packers, Tennessee Titans, AP Minnesota Vikings, AP Dallas Cowboys, Baltimore Ravens, The Jets, Reuters Atlanta Falcons, Philadelphia Eagles, AP Kansas City Chiefs, Chiefs, Super Bowl, Reuters San Francisco 49ers, Minnesota Vikings, AP New Orleans Saints, Reuters Miami Dolphins, Reuters New York Jets, San Francisco 49ers, AP Los Angeles Chargers, Las Vegas Raiders, Shutterstock Dallas Cowboys, Cleveland Browns, Reuters Washington, Tampa Bay Buccaneers, Buccaneers, Dade Police, Miami Herald, Tribune, Service, Atlanta Falcons, Falcons, AP Tennessee Titans, Chicago Bears, Bears, Patriots, New York Giants, AP Buffalo Bills, Bills, São Paulo, The Eagles, Getty, Neo, Kansas City Chiefs, AP Baltimore Ravens, Arrowhead, Dolphins, Miami, Miami Dolphins Seattle Seahawks Locations: Detroit, Tennessee, Glendale , Arizona, East Rutherford , New Jersey, Charlotte , North Carolina, Houston, Santa Clara , California, Orchard Park , New York, Minneapolis, Pittsburgh, Nashville, Arlington , Texas, Philadelphia, Kansas City , Missouri, Miami Gardens , Florida, Inglewood , California, Cleveland, Tampa , Florida, Miami, Atlanta, Chicago, Cincinnati, São, South America

☆ Asia-Pacific markets mixed after Powell signals smaller rate cuts; China markets closed for holiday
▼ + stars: | 2024-10-01 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

Asia-Pacific markets are mixed on Tuesday, after Federal Reserve Chair Jerome Powell indicated the recent outsized cuts enacted by the U.S. central bank should not be interpreted as a sign that future moves will be as aggressive. "If the economy performs as expected, that would mean two more rate cuts this year, a total of 50 [basis points] more." The current federal funds rate stands at 4.75%-5%, with the expected additional 50 basis points in cuts set to take the Fed's benchmark interest rate to 4.25%-4.5% at the end of 2024. In Asia, traders will focus on the Bank of Japan's third quarter Tankan survey, which measures the level of business optimism among large Japanese companies. As such, the member said, "the Bank will not raise its policy interest rate when financial and capital markets are unstable."

Persons: Jerome Powell, Morgan Stanley, Ellen Zentner Organizations: Federal, U.S, Bank of, U.S . Federal Reserve, Liberal Democratic Party, Bank, Reuters Locations: Asia, Pacific, Japan

☆ Dock workers just went on strike at the worst possible time
▼ + stars: | 2024-10-01 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

Dockworkers walked off the job at East and Gulf Coast ports from Maine to Texas on Tuesday morning. The strike is set to disrupt major imports one month before the US election. Rerouting items to the West Coast will cost businesses time and money. Advertisement"Since these are ports on the East Coast, the folks who have suppliers in Europe will be hit," Yamartino said. AdvertisementBut if the strike lasts longer than a few weeks, Pacula said he expects the federal government to get involved, regardless of the election implications.

Persons: Dockworkers, —, Hurricane Helene, Consumers aren't, Brian Pacula, Pacula, Michael Yamartino, Yamartino, Joe Biden's, Joe Biden, Taft, Hartley Organizations: Service, International Longshoremen's Association, US Maritime Alliance, Associated Press, Conference Board, CBS News, Consumers, West, Longshoreman's Association, Retail Industry, Association Locations: East, Gulf Coast, Maine, Texas, West, Asheville , North Carolina, West Monroe, Europe, East Coast

☆ Trump picks up the pace: From the Politics Desk
▼ + stars: | 2024-09-30 | by ( The Politics Desk | ) www.nbcnews.com time to read: +6 min

Plus, senior political editor Mark Murray breaks down the fault lines in our new poll of Latino voters. Leading the charge for more events is Trump himself, a campaign official said, saying Trump was supposed to have a slow Sunday but insisted instead, “We got to do something,” leading to the rally in Erie, Pennsylvania. Kamala Harris leads Donald Trump 54%-40% among registered Latino voters nationwide, the poll shows. “We are looking at Latino voters rather than a consolidated Latino community,” she added. Read more: Nnamdi Egwuonwu dives into how the Harris and Trump campaigns are targeting the increasingly fragmented Latino electorate in very different ways.

Persons: Donald Trump, Mark Murray, Harris, Katherine Doyle, Jake Traylor, Jonathan Allen, Trump, Kamala Harris, Joe Biden, lobbed, ”, “, Helene, Hurricane Helene, Matt Dixon, Adam Edelman, Megan Lebowitz, Brian Kemp hasn’t, Biden, Kemp, North Carolina’s Roy Cooper, ” Biden, Read, There’s, Democratic pollster Aileen Cardona, Arroyo, Republican pollster Micah Roberts, Telemundo’s Julio Vaqueiro, ’, — Organizations: NBC, White House, Capitol, Trump, GOP, Labor, ”, Georgia Gov, Republican, FEMA, Democratic, NBC News, Telemundo, CNBC, Catholic, Latina, Hart Research Associates, Press Locations: Wisconsin, Pennsylvania, U.S, Mexico, Erie , Pennsylvania, Butler , Pennsylvania, Valdosta , Georgia, Hurricane, Georgia, North

☆ Powell indicates further, smaller rate cuts, insists the Fed is 'not on any preset course'
▼ + stars: | 2024-09-30 | by ( Jeff Cox | Jeff Cox Is A Finance Editor With Cnbc.Com Where He Covers All Aspects Of The Markets | Monitors Coverage Of The Financial Markets | ) www.nbcnews.com time to read: +4 min

But we are not on any preset course,” he told the National Association for Business Economics in prepared remarks. A basis point equals 0.01%. “We do not believe that we need to see further cooling in labor market conditions to achieve 2 percent inflation,” Powell added. For his part, Powell expressed confidence in economic strength and sees inflation continuing to cool. Broader economic conditions also set the table for further disinflation.”Following the speech, Powell was scheduled to sit for a question-and-answer session with Morgan Stanley economist Ellen Zentner.

Persons: Jerome Powell, ”, ” Powell, Powell, “, Morgan Stanley, Ellen Zentner Organizations: National Association for Business Economics, Committee, Fed Locations: Nashville

Former President Donald Trump is finally gearing up for an all-out sprint in his bid to reclaim the White House. For Trump, the frequent campaigning is not without challenges, with both candidates receiving unprecedented levels of security after the two attempts to assassinate Trump. Looking ahead to the final month before Election Day, the Trump campaign anticipates two to three rallies per week, a couple of smaller policy-focused events, retail stops at local stores and town halls hosted by campaign surrogates, a Trump campaign official familiar with the planning said. “Nobody in the game of politics works harder than President Trump especially in the fourth quarter,” Trump campaign national press secretary Karoline Leavitt said in a statement to NBC News. “President Trump and Senator Vance will continue to outpace Harris and Walz in the media, and bring their winning message to make America wealthy, safe, and strong again to voters across the country.”

Persons: Donald Trump, Trump, Kamala Harris, Joe Biden, Harris, They’re, ”, Ford O’Connell, Biden, Trump’s, lobbed, “, he’s, Hurricane Helene, Brian Kemp, surrogates, Karoline Leavitt, Vance, outpace Harris, Walz Organizations: NBC, Labor, Democratic, Republican, ”, Georgia Gov, Trump, Secret Service, United Nations, Assembly, ” Trump, NBC News, “ Locations: Wisconsin, Pennsylvania, U.S, Mexico, Erie , Pennsylvania, Georgia, Hurricane, Butler , Pennsylvania, New York City, Prairie Du Chien , Wisconsin

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