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☆ Gold lacks momentum as investors brace for Fed minutes
▼ + stars: | 2024-10-09 | by ( ) www.cnbc.com time to read: +2 min

Gold prices slipped on Thursday as investors booked profits after a sustained rally and pressure from institutional investors looking to raise cash, while focus shifted to U.S. economic data for clues on the Federal Reserve's rate path. Gold prices were subdued on Wednesday as investors strapped in for minutes from the Federal Reserve's latest policy meeting for insights into the U.S. central bank's interest rate trajectory. "Gold prices seem to be seeing a much-needed retracement lower. Boston Fed President Susan Collins said on Tuesday that weakening inflation trends make it likely the U.S. central bank can implement further interest rate cuts. Zero-yield bullion tends to thrive in a low interest rate environment.

Persons: I'm, Matt Simpson, Simpson, Susan Collins Organizations: Federal, Index, Traders, U.S . Consumer, Boston, Gold Locations: U.S, North America

☆ Republicans in Congress call out hurricane misinformation coming from within their own party
▼ + stars: | 2024-10-09 | by ( Haley Talbot | ) edition.cnn.com time to read: +5 min

Washington CNN —Republicans are fighting a war against misinformation to keep their constituents safe as they brace for Hurricane Milton to make landfall in Florida, including being willing to point the finger at members of their own party — and their presidential nominee. Greene has stood by her comments, posting a meme and link to a Gateway Pundit article she says backs up her claims. “Former President Trump told us that the people in Springfield are eating dogs and cats, alright? He likewise said that FEMA money, our emergency money, instead of helping the people that are being hit by the hurricane is being used to help illegals,” he said at an event in Utah earlier this week. Ron DeSantis, a Republican who challenged Trump in this cycle’s Republican presidential primary, also warned residents in the path of a hurricane to ignore online misinformation.

Persons: Hurricane Milton, Hurricane Helene —, Carlos Gimenez, Marjorie Taylor Greene, Greene, ” Gimenez, Kasie Hunt, Gimenez, Chuck Edwards, ”, “, ” Edwards, Greene’s, Republican Sen, Mitt Romney, Donald Trump, Trump, he’s, ” Trump, Kamala Harris “, Hurricane Helene, Mario Tama, Biden, Pete Buttigieg, Biden critcized Trump, ” Biden, Thom Tillis, ” Tillis, It’s, Ron DeSantis, Sam Waldenberg, Andy Rose Organizations: Washington CNN, Republicans, Hurricane, Republican, Georgia, Congress, FEMA, ”, Force, Transportation, CNN, Wednesday, Trump, CBS, Florida Gov Locations: Florida, Hurricane, Miami, Dade County, North Carolina, Utah, Springfield, Romney, Michigan, Asheville , North Carolina, ”

☆ Stock market volatility ahead of presidential elections typically starts picking up right now
▼ + stars: | 2024-10-07 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Market volatility will likely increase from here as the race for the White House enters its final weeks, according to Wolfe Research. Technical strategist Rob Ginsberg tracked the average move of the CBOE Volatility Index (VIX) during a presidential election year. With momentum rolling over and several sectors seeing healthy pullbacks of late ... we feel the S & P is overdue for another 3 – 4% correction." To be sure, any troubles in the market into Election Day would mark a turn after an unusually strong year. Notably, Bespoke Investment Group found the S & P 500 notched its largest gain over the first nine months of a year since 1997.

Persons: Brace, Rob Ginsberg, bode, Ginsberg, What's Organizations: White, Wolfe Research, Traders, Nasdaq, Dow Jones, Investment, Carson Group Locations: Israel

☆ Brace for stock-market volatility this week if inflation comes in hot after the September jobs report, BofA says
▼ + stars: | 2024-10-07 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

A blockbuster jobs report raises the stakes for upcoming inflation data, BofA analysts say. AdvertisementThe September jobs report was good news, but it gives investors more reason to brace for the next inflation reading, Bank of America analysts say. Economists forecast the CPI report will show inflation continued to cool last month, rising 2.3% year-over-year compared to 2.5% in August. AdvertisementHowever, with the blockbuster September jobs report, some economists say inflation is still a concern. The September jobs report blew past forecasts, with 254,000 nonfarm payrolls added compared to expectations of 150,000.

Persons: —, Brian Rose Organizations: Service, Bank of America, CPI, Fed, UBS

☆ European soccer round-up: Robert Lewandowski hat-trick keeps Barcelona top of La Liga
▼ + stars: | 2024-10-07 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +8 min

CNN —With European soccer heading into its second international break of the season, league tables are starting to take shape. Spain’s La Liga: Barcelona ease to victory, injury woes for Real MadridRobert Lewandowski is a man in form. The Gunners were also forced to come from behind against Southampton after summer signing Cameron Archer gave the Saints the lead in the second half. Unacceptable second half. Fiorentina head coach Raffaele Palladino received a red card late on, as did Hernández, but the home side held on to clinch its second win of the season.

Persons: Real Madrid Robert Lewandowski, Lewandowski, Antonio Sivera, Hansi Flick –, Bayern Munich –, Lewy, ” Flick, “ He’s, Vincent West, Federico Valverde, Vinícius, Dani Carvajal, Carvajal, stretchered, Arne Slot –, Klopp –, Diogo Jota, Mateo Kovačić, Jérémy Doku, Rodrigo Muniz, Cameron Archer, Kai Havertz, Gabriel Martinelli, Erik ten Hag, Winger Brennan Johnson, James Maddison, Yankuba, Georginio Rutter, Danny Welbeck, Bryn Lennon, Ange Postecoglou, I’ve, We’ve, ”, Michael Olise, Kai Pfaffenbach, Omar Marmoush, Manuel Neuer, Bayer, Holstein, Victor Boniface, Jonas Hofmann, Max Geschwill, Fiete Arp, Gea, Fiorentina Goalkeeper David de Gea, De Gea, Moise Kean, –, Milan –, Viola, Theo Hernández, Matteo Gabbia, brough, Tammy Abraham, Jennifer Lorenzini, Christian Pulisic, Albert Guðmundsson, Raffaele Palladino Organizations: CNN, Liga, Real Madrid, Barcelona, La Liga, Raphinha, Bayern Munich, Reuters, Villarreal, England’s Premier League, Tottenham, Manchester City, Arsenal, Premier League, Klopp, Klopp – Liverpool, Crystal, Reds, City, Fulham, Gunners, Southampton, Liverpool . Manchester United, Aston Villa, Brighton’s American, Sunday, Spurs, Brighton, ” Spurs, Sky Sports, Bundesliga, Bayern, Leverkusen, Leipzig, Eintracht Frankfurt, Bavarian, Bayer Leverkusen, Holstein Kiel, Serie, Fiorentina Goalkeeper, Fiorentina, AC Milan, Manchester United, Milan, Reuters American Locations: Europe’s, Barcelona, Polish, La, Madrid, Liverpool, Portuguese, City, Holstein Kiel .

☆ Supreme Court returns to work with an eye on a post-election storm
▼ + stars: | 2024-10-06 | by ( John Fritze | ) edition.cnn.com time to read: +8 min

And Trump is all but guaranteed to resurface at the Supreme Court in coming weeks to clarify the sweeping criminal immunity the court bestowed on him in July. “As matters stand now, this feels like the court is keeping its powder dry in case the election explodes,” Carter Phillips, a veteran Supreme Court litigator, told CNN early last week. A poll released by the Annenberg Public Policy Center on Wednesday found 56% of Americans disapprove of the Supreme Court. Take, for instance, Trump’s ban on travel from predominately Muslim nations, which made repeat trips to the Supreme Court. The Supreme Court has already dipped into next month’s election in a few emergency cases, two of which involved third-party candidates trying to remain on state presidential ballots.

Persons: Kamala Harris, Donald Trump, Trump, ” Carter Phillips, litigator, Biden, Roe, Wade, –, John Roberts, “, ” Lisa Blatt, Roberts, William Rehnquist, Gore, George W, Bush, Sandra Day O’Connor, ” David Cole, it’s, Ketanji Brown Jackson, ” Organizations: CNN, Biden, Alcohol, Tobacco, Firearms, Explosives, ATF, Trump, Annenberg Public, Center, New York Times, Federalist, Chief, ACLU, Georgetown Law, Republican, Democratic, “, Supreme, Human, Department, CBS News Locations: Louisiana, Texas, Mexico, Bush, Tennessee

☆ The smart money is bracing for a stock-market pullback with 2 options strategies. Why one works better in the current environment.
▼ + stars: | 2024-10-04 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Investors are seeking S&P 500 downside protection as rate cuts shift focus to growth concerns. S&P 500 long-dated put options are a preferred approach int he current market environment. Demand for downside protection on the S&P 500 is starting to build. But one approach that's beginning to pick up, with advantages in the current market environment, is hedging S&P 500 downside through options contracts. Annually, the CBOE Volatility Index (VIX) — a measurement of implied volatility — gradually rises starting in the middle of summer and into October.

Persons: —, Tanvir Sandhu, Sandhu, Brent Organizations: Service, Bloomberg Intelligence

☆ Gold rangebound as investors brace for key U.S. economic data
▼ + stars: | 2024-10-03 | by ( ) www.cnbc.com time to read: +2 min

Gold prices were trading in a tight range on Thursday as traders remained on the sidelines ahead of a key U.S. economic data that may provide clues about the size of the Federal Reserve's interest rate cuts expected later this year. Gold prices were trading in a tight range on Thursday as traders remained on the sidelines ahead of a key U.S. economic data that may provide clues about the size of the Federal Reserve's interest rate cuts expected later this year. Investors are watching out for the ISM services data and the initial jobless claims, due later in the day, along with the U.S. non-farm payroll data expected on Friday. Gold tends to thrive in a low interest rate environment and political turmoil. Elsewhere, Perth Mint's gold product sales touched a 10-month high in September, while silver sales hit a seven-month high.

Persons: Brian Lan, —, CME's, Lan Organizations: GoldSilver Central, Investors, U.S . Locations: Singapore, Israel, Beirut, Iran, Perth

☆ Manchester City equals ‘unbeaten’ record, Borussia Dortmund nets five first-half goals in high-scoring Champions League night
▼ + stars: | 2024-10-02 | by ( Ben Church | ) edition.cnn.com time to read: +5 min

CNN —High-scoring matches, unwanted records and an unlikely winning run – Tuesday’s UEFA Champions League round seemed to have it all. Manchester City equals ‘unbeaten’ recordManchester City has set a number of records while commanding the English Premier League in recent seasons, but it appears its dominance also stretches to the Champions League. The Scottish side was unbeaten this season heading into the game, having also won its first Champions League match 5-1 last month. While City and Dortmund won easily on Tuesday, Barcelona also thrashed Young Boys 5-0 and Internazionale beat Red Star Belgrade 4-0. The French side continued its perfect start to the new Champions League season with a 4-0 win against Red Bull Salzburg on Tuesday.

Persons: CNN —, –, Pep, “, ” Guardiola, Opta, Karim Adeyemi, Ina Fassbender, Emre, Daizen Maeda, Karim Adeyemi’s, Serhou, Guirassy, Felix Nmecha, Brendan Rodgers, it’s, Kerstin Joensson, Abdallah Sima, Mahdi Camara, Mathias Pereira Lage, Bayer Organizations: CNN, UEFA, League, CNN Sport, Manchester City, English Premier League, Champions League, Slovan Bratislava, Opta, Manchester United, City, Sparta Prague, Real Madrid, Borussia Dortmund, Celtic, Scottish, Getty, Dortmund, ”, Young Boys, Internazionale, Red Star Belgrade, Red Bull Salzburg, Brest, Ligue, Austrian, Sturm Graz, Salzburg, UCL, Bayer Leverkusen –, AC Milan Locations: Europe, City, Dortmund, AFP, Barcelona, Brest

☆ You're not imagining it—companies are changing their hiring plans ahead of the election
▼ + stars: | 2024-10-02 | by ( Jennifer Liu | ) www.cnbc.com time to read: +1 min

It's no secret the labor market is pretty brutal for a lot of job-seekers today, and the contentious election cycle could be making it worse. Online, candidates say they're sending out applications en masse without much luck. Meanwhile, businesses are slowing their hiring initiatives as they brace for uncertainty around the results of the November presidential elections, according to hiring experts. Businesses may be even more cautious than ever given "the change of of primary candidates at the 11th hour" that could be "making companies more hesitant to know what's coming ahead of time." This could disproportionately impact hiring at companies that do business internationally, Boggs says, as well as the search for senior leadership candidates.

Persons: Kamala Harris, Donald Trump, Debra Boggs, who's, Boggs Organizations: Labor Department, U.S, Management

☆ Nike reports earnings after the bell. Here's what Wall Street expects
▼ + stars: | 2024-10-01 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

An employee carries shoe boxes at the Footlocker retail store in the Barton Creek Square Mall on August 28, 2024 in Austin, Texas. Nike will report quarterly earnings Tuesday as investors brace for another set of less-than-stellar results. The company announced in September that CEO John Donahoe would be stepping down. In September, Nike announced that Donahoe would be stepping down and would be replaced by company veteran Elliott Hill, who is scheduled to take the helm Oct. 14. The incoming CEO will need to power up Nike's innovation pipeline, reset its relationships with wholesalers and improve morale after a series of layoffs and a breakdown in culture.

Persons: John Donahoe, it's, Donahoe, Elliott Hill, Hill Organizations: Nike, Air Force, Air Jordan, Consumer Locations: Barton, Austin , Texas, U.S

☆ Lee: The market will brace for a huge supply shock.
▼ + stars: | 2024-10-01 | 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 EmailLee: The market will brace for a huge supply shock. William Lee, Chief Economist at Milken Institute, estimates that the ongoing port strike could cost the U.S. economy $4 billion daily, significantly impacting sectors like chemicals and pharmaceuticals.

Persons: Lee, William Lee Organizations: Milken Institute

Justin Herbert, Los Angeles ChargersStatus: Expected to start vs. ChiefsJustin Herbert is expected to play through a high ankle sprain against the Kansas City Chiefs. Kenneth Walker III, Seattle SeahawksStatus: Will play vs. LionsWalker is no longer on the injury report after he missed Week 2 and Week 3. Keenan Allen, Chicago BearsStatus: Expected to play vs. RamsAllen was inactive in both Week 2 and Week 3 with a heel injury. RaidersNjoku missed Week 2 and Week 3 with an ankle injury, and he did not practice on Wednesday. Sam LaPorta, Detroit LionsStatus: Will play vs. SeahawksDan Campbell said LaPorta — who suffered a low-ankle sprain in last weel’s 20-13 win over the Cardinals — will play.

Persons: We’re, Justin Herbert, Sunday's, Jordan Love, Christian McCaffrey, Achilles, Chiefs Justin Herbert, Herbert, Tua, Russell Wilson, Colts Wilson, Mike Tomlin, Wilson, Justin Fields, Brooke Pryor, McCaffrey, Jordan Mason, Isiah Pacheco, Clyde Edwards, Helaire, Kareem Hunt, Carson Steele, Joe Mixon, Jaguars Mixon, Kenneth Walker III, Lions Walker, Austin Ekeler, Cardinals Ekeler, Najee Harris, Indianapolis Harris, it's, ” Tomlin, Buccaneers Brown, Deebo Samuel, Patriots Samuel, Keenan Allen, Rams Allen, Cooper Kupp, wideout, Puka, —, — Nacua, Cupp, Jordan Addison, Adam Thielen, It’s, George Kittle, Patriots Kittle, David Njoku, Raiders Njoku, Evan Engram, Texans Engram, Sam LaPorta, Seahawks Dan Campbell, LaPorta — Organizations: NFL, Los Angeles Chargers, Steelers, Packers, San Francisco 49ers, Green Bay Packers, Chiefs, Kansas City Chiefs, Miami Dolphins, Buffalo Bills, Miami, Arizona Cardinals, Pittsburgh Steelers, Colts, Isiah Pacheco , Kansas City Chiefs, Houston Texans, Jaguars, Texans, Chicago Bears, Seattle Seahawks, Lions, Cardinals, Cincinnati, Washington, Philadelphia Eagles, Buccaneers, Patriots, Vikings, Rams, Los Angeles Rams, Bears, Chicago, Los, Minnesota Vikings, Packers Addison, Carolina Panthers, Panthers, Saints, Las Vegas, Cleveland Browns, Raiders, Jacksonville Jaguars, Detroit Lions, Seahawks Locations: Tua Tagovailoa, Isiah Pacheco ,, Los Angeles, Washington, Brown, Francisco’s, Angeles, Minnesota, Carolina

VALDOSTA, Ga. — Fear lingers in this hard-hit city, where trees toppled onto houses and several downtown buildings were destroyed. Anxious families worry their community could be without power for weeks in the wake of Hurricane Helene. Bythwood said that after Hurricane Idalia last August, he and his wife lost power at their home for five days. We’ve got a lot, a lot of damage,” he said. “A lot of houses torn up.”Rosana Baluss, 35, was living in a hotel with no power.

Persons: “, Ronney, Brian Kemp, Bythwood, Hurricane Idalia, Helene, Mike Stewart, We’ve, ”, Nekisha Williams, ” Williams, that’s, Hurricane Helene, Daniella Silva, Roy Rhodes, she’ll, Rhodes, ” Rosana, Sean Rayford, ” Baluss, Bill Parmelee, who’s, Parmelee, ” Kemp Organizations: Lowndes County Civic Center, Hurricane, NBC, Idalia Locations: VALDOSTA, Ga, Hurricane, Valdosta, Lowndes, Lowndes County, ”

Hurricane Helene killed at least 22 people and left millions without power across the Southeast before weakening on its way north Friday morning, officials said. Hurricane-felled trees caused two deaths in Anderson County, South Carolina, officials said. Debris left by Hurricane Helene in Cedar Key, Fla., on Friday. Miguel J. Rodriguez Carrillo / AFP - Getty ImagesMeanwhile, more than 4.3 million people are experiencing power outages in South Carolina, Georgia, Florida, North Carolina and Virginia, according to poweroutage.us, which tracks utility data. At 11 a.m., the storm was 30 miles southwest of Bryson City, North Carolina, moving northward with maximum sustained winds of 45 mph.

Persons: Helene, Floridians, Jamie Cruse, “ We’re, ”, “, Bruce Rector, NBC’s, Megan Varner, Brian Kemp, Ron DeSantis, Roy Cooper, Hurricane, Miguel J, Rodriguez Carrillo, Ana Gibbs, Ronda Bell, Mike Stewart, Joe Biden, Deanne Criswell Organizations: National Hurricane Center, NBC, ” Clearwater, Georgia Gov, Florida Gov, Gov, North Carolina, Highway Patrol, AFP, Getty, Florida, & Light Company, Duke Energy Florida, Duke Energy, Federal Emergency Management Locations: Big Bend, Florida’s, Perry , Florida, Clearwater, Gulf Coast, Atlanta, Georgia, Pinellas County , Florida, Florida, Dixie County, North Carolina, Catawba County, Charlotte, Anderson County , South Carolina, Cedar Key, Fla, South Carolina , Georgia, Virginia, Valdosta, Ga, Carolinas, Charleston, Wilmington, Raleigh, Norfolk, Bryson City , North Carolina, Georgia , Florida , Alabama, South Carolina

☆ Stock futures are little changed as traders brace for Fed’s preferred inflation reading: Live updates
▼ + stars: | 2024-09-26 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Stock futures traded near the flatline Thursday night as Wall Street awaits a key inflation reading. Futures tied to the Dow Jones Industrial Average were little changed, as were S&P 500 futures . In the fiscal fourth quarter, the warehouse retailer reported earnings of $5.29 per share on $79.70 billion in fourth-quarter revenue. The so-called PCE is the Federal Reserve's preferred inflation metric, and policymakers and Wall Street alike are hoping for figures that show a cooling trend. The three major indexes are higher for the week, with the S&P 500 up nearly 0.8% and the 30-stock Dow Jones Industrial Average on pace to rise 0.3%.

Persons: LSEG, Jeffrey Roach Organizations: NYSE, Stock, Dow Jones, Nasdaq, Costco Wholesale, Financial, Traders Locations: U.S

A new Senate report details what went wrong before the assassination attempt against Donald Trump in July. More adults than thought may have an iron deficiency. → After a sniper with local law enforcement texted a Secret Service leader about the man who would soon fire shots at Trump, it took seven minutes for the Secret Service leader to send an email relaying the information and photos. It’s unclear how long it then took other members of the Secret Service to read the email. More coverage of Donald Trump:The Senate unanimously passed legislation to boost Secret Service protection for presidential candidates.

Persons: Donald Trump, Trump, Abbott, Costello, Who’s, ”, Democratic Sen, Richard Blumenthal, ” Blumenthal, Ryan Routh, Helene, Ron DeSantis, “, Leo Buckley, Kamala Harris, Sen, JD Vance, Harris, Chuck Todd, Elise Stefanik, ” Israel, Brett Favre’s, Emmanuel Littlejohn, Kenneth Meers, he’s, Sean “ Diddy ” Combs, Eunice Yoon, — Jennifer Jett, Elizabeth Robinson Organizations: Senate Homeland Security Committee, Investigations, Secret Service, Democratic, Service, Trump, Top U.S, Florida Gov, NBC, Republican, GOP, NBC News, The Justice Department, Visa, of Fame, U.S . Forest Service, CNBC, White Locations: U.S, Butler , Pennsylvania, Trump’s Florida, Iran, Florida, Mexico, Bend, Pittsburgh, Haitian, Springfield , Ohio, Lebanon, Tel Aviv, Oklahoma, drugging, Shenzhen, China, Asia

☆ Tropical Storm Helene: Thousands forced to evacuate in Florida as hurricane warnings issued
▼ + stars: | 2024-09-25 | by ( Taylor Ward | Dalia Faheid | ) edition.cnn.com time to read: +12 min

CNN —Thousands of Florida residents have been forced to evacuate as the state prepares for rapidly strengthening Tropical Storm Helene, which could bring powerful winds, flooding and life-threatening storm surge to areas already hard-hit by recent hurricanes. The Big Bend area faces the most serious storm surge: up to 15 feet of it is possible. Over in Sanibel, one couple who met during Hurricane Ian in 2022 and nearly lost everything are now going to weather Tropical Storm Helene together, CNN affiliate WINK reported. Large clouds move over Havana due to the proximity of the tropical storm Helene, on September 24. Officials in neighboring Pinellas County warned hundreds of homes would likely flood with a higher storm surge than in past destructive storms.

Persons: Helene, Debby, Idalia, Ian Just, ” Howard Rabe, “ We’ve, we’ve, ”, Rabe, Ian, Michele Vikartofsky, Larry Leventhal, ” Vikartofsky, “, it’s, “ Ian, Vikartofsky, WINK, Hurricane Debby, Ron Booher, Hurricane Michael, ” Lynn Marshall, Yamil Lage, Ron DeSantis, DeSantis, Cathie Perkins, Kenneth Welch, ” Welch, Brian Kemp, ” Kemp, James Stallings, Herman, Connell Crooms, Corey Perrine, it’ll, It’s Organizations: CNN, Hurricane, National Hurricane Center, Tampa General Hospital, WFTS, WINK, WFTV, WJHG, Getty Images, Gov, Florida National Guard, Florida State Guard, –, Georgia Gov, Georgia Emergency Management, Homeland Security, Woerner, Florida Times, USA, Florida, National Weather Service, Carolinas, Weather, Florida Panhandle Locations: Florida, Bend, United States, Gulf of Mexico, Tampa, Florida’s Gulf, Anclote, Mexico Beach, Cabo Catoche, Citrus, Hillsborough, Charlotte, Gulf , Manatee, Pinellas, Taylor County, Tallahassee, Franklin, Wakulla, Port Richey, Sanibel, Manatee County, Gulf County, Havana, AFP, Getty Images Florida, Georgia, Pinellas County, Idalia, St . Petersburg , Florida, Hillsborough , Pinellas, Sarasota, Jacksonville , Florida, Tampa Bay, Florida , Georgia, Alabama, Tennessee, Carolinas, Virginia, Gulf, Helene

A hurricane watch and warnings of storm surges up to 15 feet high were issued Tuesday for almost all of Florida's western coastline as a potential tropical storm moves across the Caribbean Sea and towards the Gulf Coast. The hurricane watch extends from Indian Pass in north-west Florida near Panama City, down to Englewood, and includes Tampa Bay. Hurricane and tropical storm watches are now in effect for the entire western coast of the Sunshine State. A hurricane watch means that hurricane conditions are possible, and is typically issued 48 hours before the anticipated onslaught of tropical-storm-force winds and conditions. Outside of the U.S., a hurricane watch is also in effect for parts of eastern Mexico from Cabo Catoche to Tulum and Pinar del Río in Cuba.

Persons: Helene, Ron DeSantis, DeSantis, Floridians, Beryl, Debby, Francine Organizations: Grand Cayman, National Hurricane Center, NHC, Sunshine State, Lower, Florida Gov, Federal Emergency Management Agency, National Guard, Florida State Guard, Atmospheric Administration, Climate Central, Northern, Florida Climate Center Locations: Gulf Coast, Florida, Panama City, Englewood, Tampa, Grand, Mexico, Flamingo, Walton, Bay, Bonita Beach, Lower Florida Keys, U.S, Cabo Catoche, Tulum, Pinar del Río, Cuba, Cayman Islands, Tallahassee, Gulfport, Henrico County, Bend, Caribbean, Northern Caribbean, Eastern Gulf of Mexico, Texas, Florida’s Big Bend, South Carolina, Louisiana

Elliott Management said Tuesday it will call a special meeting at Southwest Airlines "as soon as next week," shortly after the company put forward a sweeping board shakeup that it hoped might stave off a proxy fight. The push comes days before the airline's investor meeting, where it is expected to unveil improvements and operating changes. Southwest's shareholder meeting is typically scheduled for May, but by calling for a special meeting Elliott is looking to elect new directors much sooner than that. Earlier this month, executive chairman and former CEO Gary Kelly said he would step down after the carrier's shareholder meeting next year. "The need for change is urgent, and our request for a special meeting may come as soon as next week," Pike and Xu said.

Persons: Elliott, Bob Jordan, Gary Kelly, John Pike, Bobby Xu, Pike, Xu, Andrew Watterson, Robert Jordan Organizations: Elliott Management, Southwest Airlines, Airlines, Aircraft Mechanics Fraternal Association

☆ AI startups should brace for a wave of down rounds, investors say. Here's how it might play out.
▼ + stars: | 2024-09-24 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +5 min

Read previewDown rounds and flat rounds for VC-backed startups have hit an all-time high this year since 2014. And AI startups, which have been the darlings of the tech ecosystem since late 2022, aren't exempt from the trend. The deal was seen by some investors as an omen for a wider phenomenon in the AI ecosystem — an impending wave of flat rounds and down rounds. "Investors went crazy for AI startups with zero revenue, at higher valuations, which will be an issue," said Umesh Padval, managing director at Thomvest Ventures. Down rounds are on the riseIn 2022, 90.2% of AI startups in the US raised up rounds, while 6.5% raised down rounds, according to PitchBook data.

Persons: —, we've, Andreas Riegler, Umesh Padval, Padval, Francesco Ricciuti Organizations: Service, Microsoft, Business, Big Tech, APEX Ventures, Jasper, Google, Thomvest Ventures, Runa Locations: London

☆ European soccer roundup: Erling Haaland scores 100th Manchester City goal in controversial game against title rival Arsenal
▼ + stars: | 2024-09-23 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +8 min

The two sides met at City’s Etihad Stadium on Sunday with both teams eager to strike first in this year’s title race. Just before half-time, Arsenal attacker Leandro Trossard committed a foul before kicking the ball across the pitch, earning a controversial second yellow card. Matt West/ShutterstockAfter being reduced to 10 players, Arsenal manager Mikel Arteta adopted a highly defensive shape to try and protect the lead. “I think the win belongs to the players and for our fans,” Fonseca said after the game. A chaotic first half saw visiting Wolfsburg take a 3-2 lead before Piero Hincapié leveled things up shortly after half-time.

Persons: Erling Haaland, Pep Guardiola’s, Rodri, Riccardo Calafiori, Gabriel Magalhães, Leandro Trossard, Trossard, Michael Oliver, Matt West, Mikel Arteta, John Stones, Kyle Walker, ”, Robert Lewandowski, Ayoze Pérez, Pablo Torre, David Ramos, –, Marc, André ter Stegen, Blancos, Thibaut Courtois, Dani Carvajal, Rodrygo, Vinícius Jr, Mbappé, Carlo Ancelotti’s, Atlético, Matteo Gabbia, Christian Pulisic, Yann Sommer, Milan's Tijjani Reijnders, Alessandro Bastoni, Marco Luzzani, Federico Dimarco, Gabbia, Paulo Fonseca, ” Fonseca, we’ve, Serie A’s, Michael Olise, Jamal Musiala, Harry Kane, Serge Gnabry, Christina Pahnke, ” Kane, Kane’s, Xabi, Piero Hincapié, Victor Boniface Organizations: CNN, England’s Premier League Arsenal, Manchester, Premier League, City’s Etihad, Arsenal, Gunners, Londoners, City, BBC Radio, BBC Sport, La Liga Barcelona, Villarreal, La Liga, Torre, Catalans, Real Madrid, Espanyol, Madrid hasn’t, Barcelona, Serie, Italy’s, Milan, Internazionale, Derby, San, US, Inter, Torino, Hellas Verona, Germany’s Bundesliga, Bayern, Bundesliga, Dinamo Zagreb, Champions League, Werder Bremen, Getty, Bayer Leverkusen, Wolfsburg, Leverkusen Locations: Villareal, Raphinha, Milan, Bayern Munich, lederhosen, AFP

☆ Key U.S. ports brace for possible shutdowns ahead of holiday shopping season
▼ + stars: | 2024-09-23 | 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 EmailKey U.S. ports brace for possible shutdowns ahead of holiday shopping seasonKathryn Thompson, Thompson Research Group CEO, joins 'Squawk Box' to discuss how transport companies are preparing for possible port shutdowns, how long a dockworker strike could be, and more.

Persons: Kathryn Thompson Organizations: Thompson Research

☆ Champions League Thursday takeaways: Monaco dominates Barcelona, Wirtz and Raya impress
▼ + stars: | 2024-09-20 | by ( Jamie Barton | ) edition.cnn.com time to read: +7 min

CNN —The first week of the new-look Champions League came to an end on Thursday, with Barcelona and Arsenal both in action. An early red card for Eric García for a professional last man foul on Takumi Minamino gave the 2004 Champions League finalist a huge boost, and the French side took full advantage. It was the 17-year-old’s debut Champions League goal after his eye-catching brace against Girona at the weekend. That’s very important.”Florian Wirtz shines on Champions League debutIt took Florian Wirtz just five minutes of Champions League football to grab his first goal in the competition. Even if not, all eyes will surely be on the next matchday when the Champions League returns on October 1, highlighted by Arsenal vs Paris Saint-Germain.

Persons: Hansi Flick, Eric García, Takumi Minamino, ” Flick, Maghnes Akliouche, Marc, André ter Stegen, Lamine Yamal, George Ilenikhena, ter Stegen, Kylian Mbappé, “, ”, Flick, ” David Raya, David Raya, Emmanuele, Atalanta, Thomas Partey’s, Raya, Mateo Retegui’s, I’ve, David, Mikel Arteta, Iñaki, ” Florian Wirtz, Florian Wirtz, Xabi, Álex Grimaldo, Wirtz, Jeremie Frimpong, Timon Wellenreuther, Wellenreuther’s, John Thys, ” Wirtz, Harry Kane, Michael Olise, Jamie Gittens, Germain, Manchester, Jack Grealish, Shaun Botterill, Sturm Organizations: CNN, League, Arsenal, Monaco, Barcelona, La Liga, AS Monaco, Girona, Villarreal, Liverpool’s, AC Milan, Manchester, Inter, Champions League, Atalanta, Tottenham Hotspur, Gunners, Stadio, Bergamo, Bayer Leverkusen, Feyenoord, Getty, Swiss Model, Manchester City, Inter Milan, Rodri, Bayern Munich’s, Dinamo Zagreb, Slovan Bratislava, Sturm Graz, Paris Saint, Crvena Zvezda, Star, Benfica Feyenoord, Bayer Leverkusen Stade Brestois, Sturm Graz Atalanta, Arsenal Atlético Madrid, Leipzig AS Monaco Locations: Barcelona, AFP, Swiss

☆ The big post-Fed rally could get tested in week ahead: 'A lot holds in the balance' of the next few days
▼ + stars: | 2024-09-20 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The Dow Jones Industrial Average topped 42,000 this week for the first time ever, while the S & P 500 breached the 5,700 milestone, after the Federal Reserve cut interest rates by a half-percentage point. "A lot holds in the balance of the next couple or few days," said Katie Stockton, founder at Fairlead Strategies. .SPX 5D mountain S & P 500 On Friday, the 30-stock Dow, the S & P 500 and the Nasdaq Composite each closed higher by more than 1% for the week. The breakout is "'pending confirmation,'" Stockton said. Overall, Stockton expects that the longer-term setup for the S & P 500 is "a bit overdone."

Persons: Katie Stockton, Stockton, That's, Sam Stovall, Gee, Christopher Waller, Jerome Powell, Stovall Organizations: Dow Jones, Federal Reserve, Dow, Nasdaq, Stockton, CFRA, Fed, Chicago, PMI, Richmond Fed, New, Micron Technology, Transportation, . Kansas City Fed Manufacturing, Costco Wholesale, PCE Deflator, PCE Locations: . Kansas, Michigan

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