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The Wrap-Up for Thursday October 17
  + stars: | 2024-10-17 | 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 EmailThe Wrap-Up for Thursday October 17The top headlines that could drive today's trading.
I spent a week riding my bike from Pittsburgh to Washington, DC. The road was rough at times, but the people I met made the journey worthwhile. AdvertisementWhen I set out to ride my bike from Pittsburgh to Washington, DC, I wasn't quite sure what to expect. "Bikepacking" — riding a bicycle carrying clothing, food, water, and camping gear and finding places to sleep outside along the journey — is not an easy endeavor. AdvertisementAbout halfway through my ride, I met a lovely woman who was born and raised in Meyersdale.
Persons: , Tara Lerman, Mason, he'd, Bikepacking, Little Orleans , Maryland Tara Lerman, bikepack, I've, I'm Organizations: Service, Facebook, GAP, Chesapeake and, Baltimore and Ohio Railroad, Lake Erie Railroad, Union Railroad, Western Maryland Railway —, Dixon, Mason Locations: Pittsburgh, Washington, DC, Chesapeake and Ohio, Baltimore, Monongahela, Allegheny, Pennsylvania, Alabama, Texas, Maryland, Little Orleans , Maryland, Frostburg , Maryland, Meyersdale , Pennsylvania, Meyersdale
NASA is planning to give the Boeing Starliner another chance. The agency has scheduled two SpaceX launches — Crew-10 and Crew-11 — for 2025. AdvertisementNASA has released the schedule for its commercial launches in 2025, and the Boeing Starliner is slated to get another chance at spaceflight. Advertisement"Meanwhile, NASA is keeping options on the table for how best to achieve system certification, including windows of opportunity for a potential Starliner flight in 2025," it added. The duo are scheduled to return via the SpaceX Crew Dragon in February 2025.
Persons: Starliner, , Anne McClain, Nichole Ayers, Russia's Roscosmos, Butch Wilmore, Suni Williams, Williams, Elon Musk, NASA didn't Organizations: NASA, Boeing, SpaceX, , Service, Japan Aerospace Exploration Agency, International, Station, Starliner, Federal Aviation Administration, FAA, Business Locations: New Mexico
Insurtech startup Inshur has secured $19 million in Series B funding. AdvertisementNew York-based startup Inshur, which provides bespoke insurance for workers in the on-demand economy, has secured $19 million in Series B funding. AdvertisementIts products are used by ride-hailing clients such as Uber and can be embedded into a company's existing platform. For example, Uber drivers can log in using their Uber credentials on the Inshur app, to get a quote, said Bratshpis. The Series B, led by Viola Growth and with participation from MS&AD, brings the startup's total funding to $80 million.
Persons: , Dan Bratshpis, Viola Growth, Inshur Organizations: Service, Uber, American Business Insurance Services Locations: New York
My mom and I stayed at Rosewood's Kona Village resort on Hawaii's Big Island for $1,765 a night. Some highlights of our stay included our ocean-view room and access to a black-sand beach. The resort's spa treatments seemed overpriced and some meals were just OK, but our stay was great. On my most recent trip, I stayed at Kona Village. AdvertisementThis was absolutely a splurge: We paid $1,765 per night, which included credits for breakfast each day and tax.
Persons: , it's, We've, I'm Organizations: Service Locations: Kona, Hawaii, , Maui, Lanai, Rosewood
The Pentagon disclosed that B-2 stealth bombers were involved in the operation. AdvertisementThe US military carried out a series of airstrikes against the Iran-backed Houthi rebels in Yemen on Wednesday, using B-2 stealth bombers to hit targets underground. The US bases the heavy strategic bombers at Whiteman Air Force Base in Missouri. AdvertisementBefore the emergence of the new B-21 Raider, the B-2 was, for decades, the only stealth bomber. The Air Force describes the MOP as a heavy munition that can accomplish "difficult" and "complicated" missions of reaching enemy weapons stored in well-protected sites.
Persons: , Defense Lloyd Austin, Austin, Vincent De Groot, Northrop Grumman, Matthew S, Domingos Mark Gunzinger, Samantha White Organizations: Pentagon, Service, Defense, Navy, US Air Force, US Air National Guard, The Air Force, Northrop, Whiteman Air Force Base, Raider, Air Force, Islamic, U.S . Air Force, Mitchell Institute for Aerospace Studies, Boeing, Air Locations: Yemen, Iran, Gulf of Aden, United States, Missouri, Soviet, Australia
Analysts surveyed by LSEG expect Netflix earnings to come in at $5.12 per share, while revenue should hit $9.769 billion. In the second quarter, Netflix earned $4.88 per share on $9.56 billion in revenue. Along with solid numbers for the quarter just ended, other analysts believe Netflix also has to raise prices to appease shareholders. Citigroup's Jason Bazinet says price hikes are warranted at Netflix due to strong engagement trends and competitors' own price increases. A ramping ad-tier Finally, Wall Street is keeping close watch on the advertising tier business Netflix rolled out in November 2022.
Persons: Evercore, Mark Mahaney, Citigroup's Jason Bazinet, Goldman Sachs, Eric Sheridan, Deutsche Bank's Bryan Kraft, Wells, Steven Cahall, Kannan Venkateshwar, NFLX, Alan Gould, Piper, Matt Farrell, Doug Anmuth, Morgan Stanley, Benjamin Swinburne, Alicia Reese Organizations: Netflix, Wall, LSEG, StreetAccount, Deutsche, Barclays, Wednesday's, JPMorgan
David Scott, 95, spends 45 minutes at the gym every other day of the week. He also credited his longevity to eating homegrown produce and said it was half his food intake. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI'm the oldest person at my gymAround a decade ago, I joined Planet Fitness, my local gym. I'm the oldest person in the gym, but I enjoy the company of younger people who encourage and inspire me.
Persons: David Scott, , I've, didn't, Scott, Lydia Organizations: Service, Health, Fitness, Business Locations: New Hampshire, New England, Colorado, Italy, Kenya
Meta reorganized some of its major units, cutting roles at Instagram, Reality Labs, and WhatsApp. A Meta spokesperson said the company was also moving some teams to different locations. AdvertisementMeta said Wednesday it reorganized some of its biggest businesses in a move that eliminated some roles at units including Instagram, Reality Labs, and WhatsApp. A spokesperson said in a statement that Meta was looking for jobs for staff whose roles were eliminated. "This includes moving some teams to different locations, and moving some employees to different roles."
Persons: Mark Zuckerberg's, , Meta, Jane Manchun Wong, Wong, Mark Zuckerberg Organizations: Meta, Reality Labs, Service Locations: Meta
Learn moreIt may be a spinoff of a spinoff, but Georgie and Mandy's First Marriage has become one of the most highly-anticipated fall network TV premieres. Below, we've compiled everything you need to know about how to watch Georgie and Mandy's First Marriage, including a free streaming option. How to watch Georgie and Mandy's First Marriage in the USGeorgie and Mandy's First Marriage will air on Tuesdays at 8 p.m. Cord-cutters can live stream the show (and the network) through a couple of different avenues. Check price at DirecTVHow to watch Georgie and Mandy's First Marriage in CanadaNew episodes of Georgie and Mandy's First Marriage will be available through CTV in Canada.
Persons: Georgie, Young Sheldon, Georgie Cooper, Montana Jordan, Emily Osment, Chuck Lorre, Steven Molaro, Steve Holland, Mandy, ExpressVPN Organizations: Business, CBS, Paramount, Showtime, Paramount Plus, Nickelodeon, Comedy Central, BET, MTV, DirecTV, DirecTV Stream, CTV, cybersecurity Locations: Canada
Mitch McConnell privately tore into Donald Trump, calling him a "despicable human being." The top Senate Republican made the comments during oral history interviews that he disclosed to his biographer. McConnell privately said Trump was a "despicable human being" and a "narcissist" whose character was antithetical to everything a president should be. Related storiesHe "has every characteristic you would not want a president to have," McConnell said in an oral history at the time. Privately, Vance mused to a friend that Trump was like Hitler.
Persons: Mitch McConnell, Donald Trump, McConnell, , Sen, JD Vance, Trump, Lindsey Graham, Michael Tackett, Tackett, that's, Roe, Wade, Elaine Chao, Vance, Trumper, Privately, Vance mused, Hitler Organizations: Republican, Trump, Service, Associated Press, Republicans, Cabinet, GOP, Business, Publicly Locations: Ohio
Biden announced an additional $4.5 billion in student-debt cancellation for 60,000 borrowers in public service. It's a result of fixes to the Public Service Loan Forgiveness program over the past few years. At the same time, Biden's broader student-debt relief plans remain stalled in court. AdvertisementAnother batch of student-loan borrowers in public service has been approved for billions of dollars in debt relief. According to the White House, this brings the number of borrowers approved for debt relief through PSLF to 1 million under the Biden administration.
Persons: Biden, , Joe Biden, Harris, Miguel Cardona, Trump, Biden's Organizations: Public, Service, Education Department, White, GOP, Higher, Republican Locations: It's, PSLF
Key lines from Kamala Harris vs. Fox News
  + stars: | 2024-10-17 | by ( Zachary B. Wolf | ) edition.cnn.com   time to read: +12 min
CNN —Vice President Kamala Harris has not submitted to many interviews with journalists during her short presidential campaign, and certainly none with conservative media. When Baier asked if this was an evolution in her thinking, Harris pointed to her record as a prosecutor taking on transnational criminal organizations. From immigration, Baier pivoted to the wedge topic of gender. When Baier asked if there were concerns about Biden’s abilities raised, Harris said:Bret, Joe Biden is not on the ballot. And Donald Trump is.
Persons: Kamala Harris, Bret Baier, Donald Trump, Harris, … HARRIS, I’m, HARRIS, Joe Biden’s, Baier, didn’t, Laken Riley, … Baier, Alexis Nungaray, Jocelyn Nungaray, Nungaray, Biden, We’ve, Donald Trump’s, I’ve, CNN’s KFile, Trump, You’re, , It’s, she’s, Bret, , Joe Biden, Organizations: CNN —, Fox News, Homeland, Senate, Democrats, Trump, Republican, Democratic, Biden, Republicans Locations: Georgia, Houston, Washington, United States, , China, Iran
New York CNN —“To keep it simple for the State of Florida: it’s the First Amendment, stupid.”That’s what a federal judge wrote Thursday as he sided with local TV stations in an extraordinary dispute over a pro-abortion rights television ad. “Florida has now banned abortions, even in cases like mine.”The state health department – part of Gov. John Wilson, the health department’s general counsel, sent cease-and-desist letters to multiple television stations airing the ad. The health department’s threats were so chilling that WINK, a CBS affiliate, pulled the ad from its broadcasts, Florida Politics reported. Other stations have continued to air the ad, some as recently as Thursday evening, according to the TVEyes video search service.
Persons: New York CNN —, Mark E, Walker, Caroline, , Ron DeSantis’s, , John Wilson, Wilson, Joseph Ladapo, ” Wilson, , ” Jae Williams, Jessica Rosenworcel Organizations: New, New York CNN, State of, Chief U.S, District, Northern, Northern District of, Gov, Tampa Bay Times, Miami Herald, CNN, Physicians for Human Rights, CBS, Florida Politics, Democratic, FCC Locations: New York, State of Florida, Northern District, Northern District of Florida, Florida
CNN —For the first time, scientists have found evidence that marine mammals could be inhaling microplastics, according to new research that detected the potentially harmful particles in the breath of bottlenose dolphins off the coasts of Louisiana and Florida. Previous research has discovered the tiny particles present in marine mammals’ tissues from exposure through consumption and then movement from the digestive tract into other organs. “We found that dolphins may be breathing in microplastics, even if they live in rural areas away from high levels of human activity. The researchers are unsure how inhalation of microplastics will affect dolphins, but they suspect it could have an impact on the creatures’ lung health, according to the study. The study team held up petri dishes to the mammals’ blowhole, through which dolphins inhale and exhale.
Persons: , , Miranda Dziobak, ” Dziobak, Greg Merrill, Merrill, Dziobak, ” Merrill Organizations: CNN, College of, Duke University in, Marine Pollution Locations: Louisiana, Florida, College of Charleston, South Carolina, Duke University in Durham , North Carolina, Barataria Bay, Sarasota Bay
China vowed more financial support for real estate projects that fall under its so-called whitelist and to speed up banks lending of 4 trillion yuan ($561.8 billion) for such projects, according to the nation's housing ministry. A total of 2.23 trillion yuan has been approved in loans to whitelisted developers, and that figure is expected to exceed 4 trillion yuan by the end of this year, according to a senior official from the financial regulator. Real estate was also the leading gainer in Mainland China's CSI 300, advancing by nearly 5%. Days later, officials in a top-level meeting, chaired by Chinese president Xi Jinping, pledged to "halt the real estate market decline and spur a stable recovery." More than 50 cities across China had introduced policies to boost the real estate market, according to Chinese state media citing the housing ministry.
Persons: Ni, HSMPI, Pan Gongsheng, Xi Jinping, Goldman Sachs, , — CNBC's Evelyn Cheng Organizations: National Financial Regulatory Administration, Investors, China's Ministry of Finance, Mainland, China's CSI, People Bank of China, National Bureau, Statistics Locations: China, Beijing, China's, Guangzhou, Shanghai, Shenzhen
Semiconductor stocks are rebounding in reaction to a beat-and-raise earnings report from Taiwan Semiconductor . NEXTracke r: Shares of solar stock Nextracker are having another rough day, dropping roughly 3%. 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. A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023.
Persons: Jim Cramer, Donald Trump, Joe Biden, Trump, there's, we've, Jim Cramer's, Jim, Amber Wang Organizations: CNBC, Semiconductor, Taiwan Semiconductor, Nvidia, Apple, Taiwan Semi, ASML Holdings, Treasury, Atlanta, JPMorgan, Nextracker, Microsoft, Republican, Netflix, Procter, Gamble, American Express, Jim Cramer's Charitable, Taiwan Semiconductor Manufacturing Company, Center, Afp, Getty Locations: Taiwan, Hsinchu, AFP
How to strike a hostage and ceasefire deal, and with whom, is now a matter of uncertainty for American officials, who spent the hours after Sinwar’s death trying to determine if he had a successor. But US officials stopped short of saying Thursday that his death will result in a deal overnight. For long stretches, American officials couldn’t even say definitively whether he was alive or dead. “By all accounts, Sinwar has been the biggest obstacle within Hamas to a ceasefire-hostage release deal in Gaza. Depending on who would take his place, Sinwar’s death could revive hope for an agreement to end the war.
Persons: Yahya Sinwar, Antony Blinken, Hamas —, , Biden, Joe Biden’s, Kamala Harris ’, Harris, Netanyahu, Benjamin Netanyahu, Sinwar, , Jonathan Panikoff, ” Panikoff, Aaron David Miller, Miller, ’ ” Sinwar, couldn’t, Andrew Miller, ” Biden, Lloyd Austin Organizations: CNN, Hamas, US, Sinwar, State Department, , Michigan Locations: Gaza, Israel, Sinwar, fatalistic, Palestinian, Lebanon
The Online Safety Act includes sweeping new rules that will force large tech firms to do more to combat illegal content online. Over the past six months, Ofcom has consulted on its codes and guidance for illegal harms, pornography age verification and children's safety. The regulator added that, while these are positive steps, more changes will be needed wen the Online Safety Act comes into force. From December this year, Ofcom will publish first edition illegal harms codes and guidance. Tech platforms will then have three months to complete an illegal harms risk assessment.
Persons: it's Organizations: — Technology, Ofcom Locations: British
Wall Street's biggest banks face a less profitable lending environment as interest rates fall. Bank bosses shrugged off those concerns this week and pointed to several benefits of lower rates. AdvertisementLending threatens to become far less lucrative for Wall Street's biggest banks as interest rates fall. But he said the Fed's jumbo rate cut might have sparked more activity in debt capital markets recently. AdvertisementCEO David Solomon said the Fed's first rate cut has raised hopes of avoiding a US recession, which could translate into more economic activity.
Persons: shrugged, , Alistair Borthwick, Banks, Jane Fraser, Fraser, Mark Mason, Wells, Charles Scharf, Wells Fargo, Morgan Stanley, Sharon Leshaya, Citi's Fraser, Jeremy Barnum, Barnum, Goldman Sachs, David Solomon, BoA, Goldman Organizations: Bank, Service, Wall, Federal Reserve, Bank of America, Citigroup, Citi Locations: refi
Meta terminated some employees who abused a Grubhub perk, a source confirmed to BI. AdvertisementMeta recently fired some employees for misusing a Grubhub meal perk, according to a person familiar with the situation. Roughly two dozen employees were terminated for abusing the company's meal credit system, this person said. This episode has been discussed at length in recent days by some Meta employees on Blind, an online workforce forum. Business Insider reviewed these Blind discussions, including screenshots of some discussions that took place in a section of the app only accessible to Meta employees.
Persons: Meta, Organizations: BI, Service, Meta, FT, Business, Reality Labs Locations: Los Angeles
Plasma exchange therapy is gaining popularity as a wellness trend among longevity-seekers. AdvertisementA medical treatment used for health emergencies and autoimmune disorders is becoming the hot new wellness trend for CEOs, athletes, and other longevity-seekers. He told Business Insider it helps remove toxins, some related to aging, that accumulate over time. Should you get a plasma exchange for longevity? Undergoing plasma treatment at a longevity clinic may not make sense for several reasons.
Persons: , Bryan Johnson, Peter Diamandis, Troy Aikman, Jonathann Kuo, Kuo, Brian Adkins, Adkins, Ryan Marino, Johnson, It's, Marino Organizations: Service, NFL, Extension Health, Conboy, University of California, University of Texas Southwestern Medical Center, Case Western Reserve University School of Medicine Locations: Berkeley, Barre
Lydia Koh is a fine art wedding photographer and founder of a Singapore-based photography company. Koh said a timekeeper can help couples with a less stressful experience — a lesson from her own wedding. I started wedding photography in 2013 when I attended a gorgeous wedding on a ranch in Southern California with a sunset reception. AdvertisementAs much as I've learned from photographing weddings over the past decade, the biggest lesson came from my wedding. AdvertisementEveryone will want photos with the couple on the wedding day, and it can be overwhelming to manage everything alone.
Persons: Lydia Koh, Koh, , I've, They're, It's Organizations: Service Locations: Singapore, Southern California
New York CNN —Losses from Hurricane Milton could reach as high as $34 billion, according to an early estimate of both flood and wind damage from research firm CoreLogic, with between $4 billion to $6 billion of those losses being uninsured flood damage. Most insured flood damage is covered by the National Flood Insurance Program (NFIP), run by the Federal Emergency Management Agency. Homeowners who live in areas at high risk of flooding are often required by their mortgage lender to have flood insurance. The Milton losses will likely total far below CoreLogic’s estimated losses of up to $47.5 billion from Hurricane Helene, which came only two weeks before Milton. The lower end of the insured losses estimate from CoreLogic would be $17 billion, with $13 billion of wind damage covered by homeowners and business insurance , and $4 billion of insured flood losses.
Persons: Hurricane Milton, , Daniel Betten, Milton, , Tom Larsen, Hurricane Helene, Ike, Helene Organizations: New, New York CNN, tornados, National Flood Insurance, Federal Emergency Management Agency, Homeowners, Hurricane, Insurance Information Institute, Florida Gulf, Citizens Property Insurance Corp Locations: New York, Hurricane Milton, Florida, United States, Sarasota, Tampa, CoreLogic, Hurricane, Florida Gulf Coast
In yet another incident, crowds of angry drivers gather outside an apartment complex, demanding justice for a fellow delivery driver said to be bullied by security guards there. They’re among the many episodes of explosive confrontations across China involving delivery workers widely circulated on Chinese social media, showing people stretched to the breaking point. As China’s economy grapples with a raft of setbacks, from a protracted property crisis to a lack of consumer spending, delivery workers are taking a beating. That eats into delivery workers’ income as their pay is usually tied to a commission based on the price of the order. In 2019, a delivery driver died after he was hit by a tree knocked over by strong winds in Beijing, according to state media Global Times.
Persons: , , Jenny Chan, Chan, they’ve, Greg Baker, Morningstar, Alibaba, , Lu Sihang, Lu, China’s, Gary Ng, ” Ng, Pedro Pardo, Workers.cn, Yang, Justin Robertson Organizations: Hong Kong CNN, Polytechnic University of Hong, Getty, iiMedia Research, CNN, China New Employment Research Center, Research, China Labour Bulletin, Polytechnic University, Global Times, Chongqing Broadcasting Group Locations: Beijing, Hong Kong, China, Polytechnic University of Hong Kong, AFP, Chinese, Hunan
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