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☆ Russia says it has no intention of abandoning Iran as it faces Israel's wrath
▼ + stars: | 2024-10-23 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

Alexander Shcherbak | Afp | Getty ImagesThe Kremlin said it has no intention of abandoning Iran as it faces a widely-expected direct attack from Israel. He did not directly answer whether Iran had asked Russia for support against Israel. Peskov told CNBC that Russia "maintains a dialogue with all parties involved in the conflict in the Middle East." Russia and Iran's 'strategic' dealTo see just how Russia could look to support Iran, all eyes are now on the BRICS summit that's taking place in Kazan, southwestern Russia. Russian President Vladimir Putin (R) shakes hands with Iranian President Masoud Pezeshkian (L) during their meeting, October 11, 2024, in Ashgabat, Turkmenistan.

Persons: Vladimir Putin, Masoud Pezeshkian, Magtymguly, Alexander Shcherbak, Dmitry Peskov, Sergei Ilnitsky, Peskov, Ali Akbar Ahmadian, Vyacheslav Prokofyev, Israel, Benjamin Netanyahu's, Ozcelik Organizations: Sputnik, Afp, Getty, Ukraine, CNBC, Kremlin, Google, Israel, Commonwealth of Independent States, CIS, Reuters, United, United Arab Emirates, Iran's, National Security Council, Middle, International Security, Royal United Services Institute, U.S, Global, UN Security Council Locations: Russian, Ashgabat, Iran, Israel, Gaza, Lebanon, Republic, Russia, Tehran, Moscow, Reuters Russia, Saudi Arabia, Syria, United Arab, Ukraine, Saint Petersburg, Kazan, Brazil, India, China, South Africa, what's, Turkmenistan

☆ Fact check: Kamala Harris town hall on CNN
▼ + stars: | 2024-10-23 | by ( Cnn Staff | ) edition.cnn.com time to read: +7 min

CNN —Vice President Kamala Harris joined CNN’s Anderson Cooper for a town hall in the critical swing state of Pennsylvania on Wednesday night, where she faced questions directly from persuadable and undecided voters less than two weeks before Americans head to the polls on Election Day. Former President Donald Trump was invited but declined to participate in a CNN town hall. Separate studies estimate that the impact of Trump’s proposed tariffs would also raise prices for families, but by a lower amount. From CNN’s Piper Hudspeth BlackburnHarris’ claim on Trump’s tax cutsVice President Kamala Harris slammed her opponent former President Donald Trump for putting in place policies that benefitted the wealthy during his first term. “Donald Trump, when he was president, gave tax cuts to the richest, to billionaires and big corporations,” she said at CNN’s town hall.

Persons: Kamala Harris, CNN’s Anderson Cooper, Donald Trump, Harris, Trump, He’s, Katie Lobosco Harris, “, Anderson, Mike Pence, Rather, Joe Biden, “ Joe Biden, Daniel Dale, Ella Nilsen Harris, Donald Trump’s, ”, Harris ’, Tim Walz, Piper Hudspeth Blackburn Harris ’, “ Donald Trump, Tami Luhby Organizations: CNN, Center for American Progress Action, CAP, Peterson Institute for International Economics, Center, Democratic, US, Protection, Army Corps of Engineers, CBS Locations: Pennsylvania, persuadable, Mexico, CNN’s

☆ Gold's record rally pauses due to stronger dollar, higher yields
▼ + stars: | 2024-10-23 | by ( ) www.cnbc.com time to read: +2 min

Gold prices surged to a record high on Wednesday as the conflicts in the Middle East and uncertainty surrounding the upcoming U.S. election spurred demand for safe-haven assets. Gold prices fell over 1% after hitting a record high on Wednesday, as a stronger dollar and a rise in U.S. Treasury yields countered support from safe-haven demand linked to the Nov. 5 U.S. election and Middle East war. Spot gold was down 1% to $2,721.12 per ounce as of 12:25 p.m. EDT (1410 GMT) after hitting a record high of $2,758.37 earlier in the session. However, gold could see the $2,800/oz level by the week's end on safe-haven demand, Haberkorn added. The dollar index rose 0.3% to near a three-month high, making gold less appealing for other currency holders, while U.S. bond yields climbed to a three-month high.

Persons: Bob Haberkorn, Haberkorn, Ole Hansen, Kamala Harris, Donald Trump Organizations: Treasury, Saxo Bank, U.S, Republican, Reuters Locations: U.S

☆ Israel’s war could set Gaza back 69 years, UN warns
▼ + stars: | 2024-10-23 | by ( Isaac Yee | ) edition.cnn.com time to read: +2 min

CNN —The impact of Israel’s war in the Gaza Strip could erase “over 69 years of progress” in the enclave, the United Nations has warned in a new report, saying that measurement for indicators such as life expectancy, education, income and standard of living are projected to drop to a level estimated for 1955. Israel launched a war on Hamas in Gaza on October 7 last year after the group attacked southern Israel, killing 1,200 people and taking more than 250 hostages. The Israeli offensive has killed more than 42,000 people in Gaza, according to the health ministry there, displaced most of its people and flattened large swathes of the enclave. The UN report, which looks at estimates for the Palestinian territories as a whole, says that over 4 million people in them were affected by poverty in 2024, including 2.6 million newly impoverished people. This brings the poverty rate to 74.3% across the Palestinian territories, according to the report.

Persons: ”, Achim Steiner, State Anthony Blinken, Mahmoud Abbas, Israel Organizations: CNN, United Nations, UN, Programme, UNDP, State, State Department, Israel, Palestinian Locations: Gaza, Palestinian, Israel

Here are six takeaways from Harris’ CNN town hall:Yes, Harris thinks Trump is a fascistHarris was asked Wednesday night if she considers Trump a fascist. “My administration will not be a continuation of the Biden administration,” Harris said. “There was a lot that was done (during the Biden administration), but there’s more to do,” Harris said. The vice president touted her work cracking down on hate crimes and called for new laws to deter future attacks. On Wednesday night, the vice president reprised that appeal – both in what she said and how she said it.

Persons: Kamala Harris, Donald Trump, Republicans –, Trump, Hitler’s, Harris, “ He’s, ” Harris, ’, “, ”, Mark Milley, John Kelly, Liz Cheney, Dick Cheney, Donald Trump’s, Biden, ‘, ’ Harris, CNN’s Anderson Cooper, –, haven’t, Cooper, Harris hadn’t, Yahya Sinwar –, Hitler, Covid, Vladimir Putin, Harris ’, feverishly, “ Dick Cheney, “ doesn’t, what’s, jabbing, hasn’t, fracking, she’s, ” Cooper Organizations: CNN, Republican, Democratic, Republicans, Trump, Joint Chiefs of Staff, White House, Marine, —, Wyoming, Hamas, Democrats, Israel, Capitol, Trump GOP, GOP, wobbly Republicans Locations: Hitler’s Nazi, Pennsylvania, United States, Mexico, Israel, Gaza, America

CNN —Armed assailants launched a deadly “terror” attack on Turkey’s state-run aerospace company near the capital Ankara on Wednesday, government officials said. At least five people were killed and 22 injured in the “terrorist attack” on the Turkish Aerospace Industries (TUSAS) headquarters in the outskirts of Ankara, said Interior Minister Ali Yerlikaya. The attack occurred while Turkish President Recep Tayyip Erdogan was in the Russian city of Kazan to attend the annual BRICS summit. Turkish Aerospace IndustriesTurkey is a member of the North Atlantic Treaty Organization. “An attack on a major Turkish defense contractor, a public company, but also the crown jewel of Turkey’s defense industry, is going to be a huge trauma,” she said.

Persons: ”, Ali Yerlikaya, –, Cevdet Yılma, Yasar Guler, Guler, “, ” Yerlikaya, Mehmet Demiroglu, TUSAS, Ragip, Recep Tayyip Erdogan, Vladimir Putin, Erdogan, Mark Rutte, Mansur Yavas, Yilmaz Tunc, Aslı Aydıntaşbaş, “ It’s, ” Aydıntaşbaş, Tal Rifa’at, Farhad Shami, Mazloum Abdî, Serdar Ozsoy, Kamiran Hassan, Asos, Ebubekir Şahin, Netblocks, Putin, ” Putin, Turkey “ Organizations: CNN, Turkish Aerospace Industries, Turkish, Turkish Defense, Kurdistan Workers ’ Party, European Union, Social, Turkey’s Nationalist Movement Party, Reuters, Anadolu, Turkey’s Ministry of Industry, Technology, TUSAS, Atlantic Treaty Organization, NATO, European Council, Foreign Relations, Syrian Democratic Forces, SDF, ISIS –, of Communications Center, ” Broadcasters, Television Supreme, Facebook, YouTube, US State Department Locations: Ankara, Turkey, United States, Syria, Iraq, Ragip Soylu, Russian, Kazan, Turkish Aerospace Industries Turkey, Turkish, Kurdish, Kobani, Tal, Aleppo, Mawat, Sulaymaniyah, Iraq’s Kurdistan, Turkey’s

☆ Oil falls more than 1% on higher US crude stocks as market watches Middle East
▼ + stars: | 2024-10-23 | by ( ) www.cnbc.com time to read: +3 min

Brent crude futures dropped $1.08, or 1.42%, to close at $74.96 a barrel. U.S. West Texas Intermediate crude futures shed 97 cents, or 1.35%, to settle at $70.77 a barrel. "The large crude oil inventory build this week is offsetting the drop last week. Also pressuring oil prices, the dollar index rose on Wednesday to its highest since late July. The impact of the crude stocks build on prices was countered somewhat by persistent concerns over potential oil supply risk from conflict in the Middle East.

Persons: paring, Andrew Lipow, Antony Blinken's, Blinken, Yeap Jun Rong Organizations: Brent, . West Texas, Energy Information Administration, Lipow Oil Associates, ING Locations: East, Israel, Gaza, Lebanon, Middle, U.S, Milton, Lebanese

☆ McConnell says ‘MAGA movement is completely wrong’ and Reagan ‘wouldn’t recognize’ Trump’s GOP
▼ + stars: | 2024-10-23 | by ( Morgan Rimmer | ) edition.cnn.com time to read: +7 min

CNN —Senate Minority Leader Mitch McConnell delivered a scathing assessment of the modern Republican Party in an upcoming biography, saying the “MAGA movement is completely wrong” and that Ronald Reagan “wouldn’t recognize” the party today. The Republican leader eventually voted to acquit Trump during the second impeachment trial, focused on the former president’s involvement in the January 6, 2021, attack on the Capitol. However, Tackett reports that McConnell had leaned towards voting to convict at certain points. However, McConnell has endorsed Trump, and met with him back in June of this year during Trump’s meeting with Senate Republicans off the Hill. McConnell also expressed support for special counsel Jack Smith’s investigation into Trump’s actions around the 2020 election and the insurrection.

Persons: Mitch McConnell, MAGA, Ronald Reagan “, Trump, Ronald Reagan, ” McConnell, Michael Tackett, Power ”, McConnell, “ Trump, haven’t, ”, “, it’s, acquit Trump, “ I’m, he’s, Elaine Chao, Chao, Coco Chow ”, ” Tackett, Donald Trump, Donald Trump’s, JD Vance, Lindsey Graham, Sen, Rick Scott, Senate Republicans ’, Scott, Rick, Clarence Thomas “, I’m, Thomas, Thomas ’, Jack Smith’s, hasn’t, CNN’s Manu Raju, Ted Barrett Organizations: CNN, Republican Party, Associated Press, Republicans, Republican, Capitol, GOP, Kentucky Republican, Senate, Senate Republicans Locations: ”, China

☆ National Geographic reveals its top destinations for 2025
▼ + stars: | 2024-10-22 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +5 min

CNN —The hottest revival trend in travel for 2025? That would be “fun,” according to National Geographic editor-in-chief Nathan Lump, who spoke exclusively to CNN ahead of the Tuesday reveal of Best of the World 2025, the brand’s annual list of the most thrilling and purposeful travel experiences for the year ahead. Cork has “always been a fun city with a vibrant culture … and an incredibly warm local population,” says Lump. Big-hitters with new attractionsThere are also some destinations on the list that are never short of a visitor or two, such as Bangkok and Los Angeles. In the Thai capital, National Geographic is highlighting the ongoing restoration work at Wat Chaiwatthanaram, a 17th-century Buddhist temple and one of the country’s most important monuments.

Persons: Nathan, ”, That’s, It’s, “ Oppenheimer, Cillian Murphy, George Lucas, “, “ we’ve, it’s, Kanazawa Organizations: CNN, National Geographic, Teatro, Basque Block, Geographic, Wat, Lucas Museum, “ Star, Oriental Express, Malaysia, Malayan Locations: Guadalajara, Mexico, Boise , Idaho, Basque, United States, Cork, Bangkok, Los Angeles, Thai, Wat Chaiwatthanaram, “, …, Crenshaw, Exposition, British Columbia, Guatemala, India, Antigua, Ladakh, Greenland, North America, Japan, Kanazawa, Kyoto, Florida, Sweden, Tunisia, Indonesia

Consistent with U.S. policy, Harris has also declined to say whether she would use military force to defend Taiwan. Instead she emphasizes the importance of military communications with China and supporting Taiwan’s ability to defend itself. Tariff talkThough Trump talks far more about China on the campaign trail than Harris does, neither of them have said much about how they would manage ties with Beijing. Biden has maintained and in some cases expanded tariffs on Chinese imports that Trump introduced as president, citing national security concerns. If she wins, Harris is expected to continue Biden’s targeted tariffs and restrictions on key Chinese tech sectors.

Persons: Trump, Xi, Harris, Biden, Wu Xinbo, ” Organizations: Washington, Wall Street, United States ’, Beijing, Trump, Peterson Institute for International Economics, Center for American Studies, Fudan University, “, Asia Society Policy Institute Locations: Taiwan, China, Ukraine, Washington, Asia, Shanghai, U.S

TEL AVIV — Israeli officials are weighing an Egyptian proposal for a small-scale cease-fire deal with Hamas aimed at trying to build momentum for a larger agreement, an Israeli official told NBC News. Israel’s security cabinet has discussed the Egyptian proposal for a two-week truce in Gaza, said the official, who spoke on the condition of anonymity. The Egyptian proposal calls for the release of just six Israeli hostages in exchange, the official said. The Egyptian proposal was first reported by Axios. So the idea is to get the momentum going with a smaller deal,” the Israeli official said.

Persons: Antony Blinken, Yahya Sinwar, Hassan Mahmoud Rashad, Axios, It’s, —, Raf Sanchez, Chantal Da Silva Organizations: TEL AVIV —, NBC News, U.S Locations: TEL AVIV, Israel, Gaza, Lebanon, Beirut, U.S, Tel Aviv, London

☆ U.S. crude oil prices rise nearly 1%, extend gains to above $71 per barrel
▼ + stars: | 2024-10-22 | by ( Spencer Kimball | ) www.cnbc.com time to read: 1 min

The Phillips 66 Carson refinery is shown after the company said it will shut its large Los Angeles-area oil refinery late next year, delivering a blow to California's fuel supply, in Carson, California, on Oct. 17, 2024. U.S. crude oil futures extended gains on Tuesday after rising nearly 2% in the previous session. Oil prices have bounced back somewhat after selling off steeply last week. Traders increasingly view a supply disruption in the Middle East due to Israel-Iran tensions as unlikely. Weak demand in China has also weighed on prices recently.

Organizations: Traders Locations: Carson, Los Angeles, Carson , California, Israel, Iran, China, Beijing

☆ The NFL's $1,000 branded designer jackets are the latest sign of fashion's newfound love affair with sports
▼ + stars: | 2024-10-22 | by ( Maria Noyen | ) www.businessinsider.com time to read: +6 min

New York low-key women's fashion brand Veronica Beard just launched a collaboration with the NFL. On Sunday, the NFL announced a partnership with Veronica Beard, a low-key luxury fashion brand in New York founded in 2010 by sisters-in-law Veronica Miele Beard and Veronica Swanson Beard. AdvertisementMany luxury brands are increasingly courting sports fans as an untapped source of revenue. The luxury fashion industry can't rely on sports to be its saving grace long-termHowever, Pedraza said, not all collaborations reap big rewards. "There's a bit of a lack of innovation on the part of some luxury brands," he said.

Persons: Veronica Beard, —, Veronica Miele Beard, Veronica Swanson Beard, Veronica, Dickey Jackets, Renie Anderson, Taylor Swift, Serdari, Swift, LVMH, Bernard Arnault's, Red Bull, Louis Vuitton, Bernard Arnault, Victor Boyko, Milton Pedraza, Pedraza, — Gen Zers, millennials —, they're, Mary Organizations: NFL, Service, Business, NYU's Stern School, Formula, Bloomberg, Paris FC football, Red, Paris Olympics, NBC, Luxury Institute Locations: York, New York

☆ The hottest trend in executive leadership: Bringing back the White Guy
▼ + stars: | 2024-10-22 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Listen up, corporate boards: If you’re looking for the biggest trend in leadership this fall, look no further. Corporate America’s hottest CEO pick is a classic model — the Middle Aged White Guy. Just 52 businesses in the 2024 Fortune 500 ranking were run by women, holding flat from the year before. Obviously, White Guy CEO never went out of fashion — women have rarely represented more than 10% of Fortune 500 companies. But a rash of recent leadership shakeups illustrates the enduring power of the White Guy as a kind of capsule wardrobe for corporate leadership.

Persons: CNN Business ’, Guy, White Guy, Karen Lynch, David Joyner, Lynch, Laxman Narasimhan, Brian Niccol, Mellody Hobson, UnderArmour, Stephanie Linnartz, Kevin Plank, Disney’s Bob Iger, Disney, Morgan Stanley, James Gorman, that’s Iger, Gorman, Nathaniel Meyersohn Organizations: CNN Business, New York CNN, Corporate, Fortune, CVS, America, Indian, McKinsey Locations: New York, Niccol

☆ Economists see UK cutting interest rates more substantially as inflation pressures ease
▼ + stars: | 2024-10-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +5 min

Mike Kemp | In Pictures | Getty ImagesLONDON — The U.K. is likely to see interest rates drop at a faster pace than previously expected, according to economists who flagged key data releases that indicated inflationary pressures are finally easing. However, economists at Goldman Sachs in a Monday note forecast rate cuts "notably below market pricing." As a result, they see consecutive 25 basis point cuts taking the Bank Rate to 3% as early as September 2025, and to 2.75% in November next year. "Recent data have cemented expectations of another cut in interest rates in November. "That said, uncertainty around the economic outlook is high, and interest rate expectations will be sensitive to what the government announces in the Budget," Muir added.

Persons: Mike Kemp, Goldman Sachs, BOE, Price, —, James Smith, Smith, David Muir, Muir, Keir Starmer, Rachel Reeves Organizations: of England, Labour, Bank of England's, BOE policymakers, Bank of England, ING . Services, Reuters, International Energy Agency, U.S . Federal Reserve, European Central Bank, Moody's, Finance Locations: City of London, London, United Kingdom

☆ 2 of the world's biggest oil producers are looking for new ways to power their economies
▼ + stars: | 2024-10-22 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

Oil prices ended down 7% last week and are lower this year-to-date, despite Middle East tensions. Oil prices have been depressed this year because China — the world's largest oil importer — is in a prolonged economic downturn. Last year, they each accounted for 11% of the world's oil supply. This means that Saudi Arabia is looking to corner a larger market share instead of targeting higher profit margins by restricting output. Advertisement"But the problem is when oil prices spike, it sends oil companies searching for temporarily profitable oil," he added, referring to the US shale boom as the most recent example.

Persons: —, Abishur Prakash, Prakash, Anton Siluanov, Matthew Huber, we're, Huber Organizations: Service, —, Financial Times, International Energy Agency, Brent, US West Texas, Syracuse University, Saudi, Trump, OPEC Locations: Saudi Arabia, Russia, China, Toronto, Israel, Iran, Europe, OPEC

☆ Here's why Goldman Sachs' gloomy 10-year stock market forecast is no reason panic
▼ + stars: | 2024-10-22 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

The first line of the note reads: "We estimate the S & P 500 will deliver an annualized nominal total return of 3% during the next 10 years." For starters, nobody knows what the coming decade has in store for the S & P 500. Valuation: Yes, the S & P 500 is currently trading at a historically high multiple. Going out on a limb and making market calls or calls about individual stocks is not for the faint of heart. The S & P 500 has more than doubled since then, advancing about 135%, which amounts to that roughly 13% annual return that Kostin mentioned in his note.

Persons: David Kostin, Kostin, Goldman, it's, Jim Cramer, Stanley Black, Decker, That's, Jim, It's, Goldman Sachs, we're, Jim Cramer's, Brendan McDermid Organizations: Goldman, Goldman Sachs Chief U.S, Equity, Treasury, Nvidia, Federal Reserve, U.S, Jim Cramer's Charitable, CNBC, New York Stock Exchange Locations: Goldman Sachs, U.S, Wells

☆ Gold hovers near record high on safe-haven demand
▼ + stars: | 2024-10-22 | by ( ) www.cnbc.com time to read: +2 min

Gold prices rose on Tuesday and hovered near a record high hit in the previous session amid uncertainties around the U.S. election, ongoing Middle East tensions, and expectations of central banks' interest rate cuts. Gold prices rose on Tuesday and hovered near a record high hit in the previous session amid uncertainties around the U.S. election, ongoing Middle East tensions, and expectations of central banks' interest rate cuts. Spot gold rose 0.4% to $2,729.91 per ounce by 0303 GMT. Gold hit its all-time high of $2,740.37 on Monday and has gained about 32% so far this year. Benchmark 10-year Treasury yields rose to a 12-week high in the last session, while the U.S. dollar clung to a two-and-half-month high on Tuesday.

Persons: Yeap Jun Rong, Donald Trump, Kamala Harris Organizations: U.S, Fed, Citi Research Locations: tailwinds, Israel, Lebanon, Gaza

☆ The IMF just raised its growth forecast for the US economy this year — but expects a slowdown in 2025
▼ + stars: | 2024-10-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The International Monetary Fund raised its growth forecast for the US economy to 2.8% this year. AdvertisementThe International Monetary Fund raised its growth forecast for the US, projecting the world's largest economy would expand by 2.8% this year instead of the 2.6% it predicted in July. However, they predicted GDP growth would slow to 2.2% in 2025 as the US government curbs its spending and the labor market cools, sapping consumption. The IMF projected global growth of 3.2% in both 2024 and 2025, virtually unchanged from its previous prediction. They underscored their latest forecast for global growth over the next five years of 3.1% was "mediocre" compared with the pre-pandemic average.

Persons: — Organizations: Monetary Fund, IMF, Service, UN Locations: China, East, Central Asia, Africa, Asia

☆ What could happen to Social Security benefits in 2033 if the program's trust fund isn't fixed
▼ + stars: | 2024-10-22 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

Social Security may not be able to pay full retirement benefits as soon as 2033, based on current projections from the program's trustees. If Congress doesn't move to fix the situation by that date, the general expectation is that millions of retirees could see a 21% across-the-board benefit cut. The effects of that lost income could be enough to prompt a retirement crisis, since it would double the elderly poverty rate and reduce median senior household income by nearly 14%, according to new research from the American Enterprise Institute. Yet those broad benefit cuts would not necessarily have to happen, as the worst effects of insolvency could be prevented by executive action, according to the report. "It means big cuts on very rich people, but it avoids what you might think of as a retirement crisis, where everything is thrown into upheaval," Biggs said.

Persons: Andrew Biggs, Kristin Shapiro, " Biggs Organizations: American Enterprise Institute, Finance, Social Security Administration, Social Security, AEI Locations: BakerHostetler

☆ The election is still incredibly close with 2 weeks to go, with warning signs for both Trump and Harris in the Sun Belt
▼ + stars: | 2024-10-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +8 min

Harris and Trump are aiming to win in the Sun Belt, but there are challenges for both candidates. AdvertisementWarning signs in the Sun BeltTrump is looking to flip Arizona and Georgia, states that he won in 2016 but lost to now-President Joe Biden in 2020. In the poll, Harris is earning the support from roughly 74% of Black voters, a robust figure. But it's well below the 88% support that Biden received from Black voters in Georgia four years ago. And the poll also showed that nearly 18% of Black voters remained undecided, in a state where Black voters could make up roughly 30% of the electorate or more.

Persons: Harris, Trump, —, Kamala Harris, Donald Trump, Dan Kanninen, Liz Cheney, Melina Mara, Harris isn't, It's, Cheney, Joe Biden, George W, Bush, Brandon Bell, Biden, Nikki Haley, Mitt Romney, Trump's, it's Organizations: Washington, Schar, Service, Republicans, Democratic, Trump, NBC, Getty, Sun, Republican, Nevada, GOP, Biden, South Carolina Gov, Black Locations: Arizona, Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, North Carolina, Pennsylvania, Nevada, Michigan , Pennsylvania, Phoenix, Atlanta

☆ How new tax changes for 2025 could affect federal tax liabilities for families
▼ + stars: | 2024-10-22 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

Momo Productions | Digitalvision | Getty ImagesChild tax credit for 2025The refundable portion of the child tax credit — a tax break parents can take for qualifying children — will be $1,700 for 2025, which is unchanged from 2024. Notably, the terms of the current child tax credit are set to expire at the end of tax year 2025. At that time, the child tax credit is scheduled to drop to a maximum $1,000 per child. Earned income tax credit for 2025A tax credit for low- to middle-income individuals and families — the earned income tax credit, or EITC — will have higher maximum amounts in 2025. The earned income tax credit helps qualifying individuals and families reduce the amount of tax they owe, while also potentially providing a refund, according to the IRS.

Persons: Momo, —, Alex Durante, Durante Organizations: Getty, Tax Foundation

☆ Two US service members injured in raid that killed ISIS operatives In Iraq, Pentagon says
▼ + stars: | 2024-10-22 | by ( Michael Conte | ) edition.cnn.com time to read: +4 min

CNN —Two US service members were injured in Iraq in a joint US-Iraqi raid overnight that killed “multiple ISIS operatives,” according to a Defense Department spokesperson. A defense official said Wednesday that both service members had been transferred to Landstuhl Regional Medical Center in Germany and were still in stable condition. “Overnight, CENTCOM [US Central Command] and Iraqi security forces conducted a partner raid in Iraq targeting several senior ISIS leaders,” said Ryder. Iraq’s Higher Military Commission had aimed to propose an end date for Operation Inherent Resolve, the US military operation combatting ISIS. “We continue to focus our efforts on specifically targeting those members of ISIS who are seeking to conduct external operations outside of Iraq and Syria and those ISIS members attempting to break out ISIS members in detention in an attempt to reconstitute their forces.”Earlier this month, the head of the United Kingdom’s domestic security service MI5 said that ISIS, along with al Qaeda, are presenting a “resurgent” threat.

Persons: Patrick Ryder, Ryder, ”, “, Wali, Mazrouei Abu Abdul Qader, CENTCOM, Erik Kurilla, they’ve, ’, Ken McCallum, CNN’s Mohammed Tawfeeq Organizations: CNN, ISIS, Defense Department, Pentagon, Regional Medical Center, Command, Iraqi Joint Operations Command, Iraq, Iraq’s, Commission, Hezbollah, Israel, United Locations: Iraq, Germany, Iraqi, CENTCOM, Wali Iraq, “, Syria, Israel, Lebanon, Gaza, Iran, East, Africa, al Qaeda, London

The Many Links Between Project 2025 and Trump’s WorldFormer president Donald J. Trump has repeatedly claimed that he had nothing to do with Project 2025, the Heritage Foundation’s conservative policy initiative to reshape the federal government. But Project 2025 has numerous ties to Mr. Trump and his campaign, a New York Times analysis has found. L. ZorcJump to the full list of authors, editors and contributorsSpokespeople for Project 2025 have denied that they are advocates for any particular candidate, and Project 2025 has no official ties to the Trump campaign. To limit the appearance of connection, Mr. Trump’s transition team has been excluding prominent people linked to Project 2025 from its preparations. Project 2025 additionally calls for the dismantling of the federal Education Department, which Mr. Trump has also pledged to do.

Persons: Donald J, Trump, Kevin D, Roberts, Edwin J, Trump’s, Albrecht Mark Albrecht, Anderson J, Anderson Jeff Anderson, Anton Michael Anton, Antoni A, Arthur Andrew Arthur, Atkins Paul Atkins, Axelrod Julie Axelrod, Bacon James Bacon, Baehr James Baehr, Baker E, Erik Baptist, Bennett J, Berlau, Berman Russell Berman, Bhagat S, Billy Stephen Billy, Bishop Brad Bishop, Bixby J, Blackman J, Jim, Bovard, Bowman Matt Bowman, Bradbury Steven G, Bradbury, Brashers J, Bronitsky Jonathan Bronitsky, Brosnan Kyle Brosnan, Brown R, Burkett Robert Burkett, Burley Michael Burley, J, Butcher, Mark Buzby, Byfield, Byrd David Byrd, Campau Anthony Campau, Carroll O, Cass B, Cavanaugh Brian J, Cavanaugh, Chretien Spencer Chretien, Christensen V, Coates Victoria Coates, Ellie Cohanim, Cohen Ezra Cohen, Colby Elbridge Colby, Comstock Earl Comstock, Correnti Lisa Correnti, Crowley Monica Crowley, Cunliffe Laura Cunliffe, Sergio de la, Ruyter, Del, Dennis Irv Dennis, DeVore J, Dickerson, Ding Michael Ding, Dodson, Dave Dorey, Eden T, Edgar Troy Edgar, Edlow Joseph Edlow, Ehlinger Jen Ehlinger, Ehrett, Eichamer Kristen Eichamer, Eitel Robert S, Estrada, Farkish Thompson, Feere Jon Feere, Fisher Travis Fisher, Fishman George Fishman, Ford Leslie Ford, Friedman Aharon Friedman, Frohnen J, Frushone Joel Frushone, Fulton Finch Fulton, Gabel Caleigh Gabel, Gaiser Alexandra Gaiser, Garza P, Geller, Gillen J, Gilmore James S, Gilmore, Ginn Vance Ginn, Alma Golden, Gore, D, Greenberg Dan Greenberg, Greenway, Greszler, DJ Gribbin, Grisedale Garrison Grisedale, Grogan Joseph Grogan, Guernsey J, Gunter Jeffrey Gunter, Guy Joe Guy, Guzman Joseph Guzman, Hanania, Harlow David Harlow, Harvey Derek Harvey, Hayes, Edie Heipel, Hemenway Troup, Hoekstra Pete Hoekstra, Hoffman T, Homan Tom Homan, Horner Chris Horner, Howell Mike Howell, Huber Valerie Huber, Hughes Andrew Hughes, Humire, Iacovella, Israel K, Ivory R, Jankowski Roman Jankowski, Jay Carafano James Jay Carafano, Jones, Kao J, Kelson Jared M, 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Wolfson Jonathan Wolfson, Alexei Woltornist, Wuco Frank Wuco, Ybarra J, Zadrozny John Zadrozny, ”, John McEntee, James Bacon, Reagan, Howard Lutnick, Joseph R, Biden Jr, Dennis Dean Kirk, Kirk, Mr, “, JD Vance, Roberts’s, Kevin Roberts, Rick Dearborn, Russell T, Evan Vucci, Paul Dans, Dans, Ken Cuccinelli, Christopher Miller, Chip Somodevilla, Samuel Corum, The New York Times Christopher Miller, Biden, Miller’s, Skinner, Gene Hamilton, Hamilton, ” President Biden, Ben Carson, Todd Heisler, Jonathan Berry, Carson, Stephen Moore, Peter Navarro, Navarro, Karen Kerrigan, Ken Cedeno, Edwin Feulner, Robert Bowes Organizations: Heritage, New York Times, Mr, Leadership, Trump, Ivory, Loyola, Poole, Royce, Tufts, Heritage Foundation, The New, The New York Times, Washington Post, Associated Press, White, White House, Republican, Management, Defense , Homeland Security, State, Homeland Security Department, Defense Department, Twitter, State Department, Justice Department, ”, federal Education 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☆ Kamala Harris: A jittery campaign makes big plans to clinch a narrow win
▼ + stars: | 2024-10-22 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +15 min

To get there, the campaign is finalizing marquee, attention-grabbing events showcasing Harris, with symbolic backdrops aimed at driving home the message. JB Pritzker, a Harris campaign co-chair. Harris supporters wear custom “Kamala is brat” shirts at a rally in Milwaukee on August 20, 2024. The Harris aides CNN spoke to expressed a jittery self-confidence, but they also kept using phrases such as“jump ball” and “down to the wire” and the occasional emoji with nauseous green cheeks. But some Harris voters and even some on-the-ground operatives and volunteers are.

Persons: Kamala Harris ’, They’re, Donald Trump, ”, Arnold Palmer, they’ll, Harris, Jen O’Malley Dillon, ” David Plouffe, Barack Obama’s, ” Plouffe, –, Joe Biden –, Donald Trump wouldn’t, “, JB Pritzker, Kamala, Jovanny Hernandez, Doug, “ Kamala, CNN, ’, Mary, Charlamagne, Julia Roberts ’, “ We’re, Trump, Biden, White, Tim Walz, Charlie Neibergall, ” Walz, Michael Flynn’s, Mike Flynn’s, ’ ” Walz, We’re, Jaime Harrison’s, it’s, Martin Luther King Jr, Harrison, Ketanji Brown Jackson, Frederick Douglass ’, ” Harrison, can’t, Liz Cheney, who’ve, ” Nancy Quarles, ” Quarles, Jennifer Norris, Walz, Blaine McKillip, Ronald Reagan, They’ve, McKillip, ‘, “ I’m, Jim Watson, Chris Deluzio, ” Deluzio, “ They’re, ” Harris, Plouffe, ” CNN’s Alison Main Organizations: CNN, Trump, Democrats, Gov, Milwaukee Journal Sentinel, USA, Jewish, Democratic, Biden, “, Minnesota Gov, Minnesota, Advisers, Democratic National, Pennsylvania Academy, Fine Arts, Supreme, Republican, Wyoming, Republicans, Oakland County Democratic Party, Saunders County Democrats, Harris, Getty Locations: ”, Pennsylvania, Philadelphia, Milwaukee, Southfield , Michigan, Georgia, Minnesota, Papillion , Nebraska, Nebraska, North Carolina, Michigan, Detroit, Wahoo , Nebraska, Omaha, Latrobe , Pennsylvania, AFP, Pittsburgh

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