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A man fell to his death after he was stunned by a Utah state trooper Sunday, the Utah Department of Public Safety said. The Utah Highway Patrol received reports just after 8 p.m. of a man running through traffic on Interstate 15 in Salt Lake City, Utah DPS said in a news release. Despite multiple attempts to get him to stop, the man fled from troopers and jumped over a barrier on an off-ramp. "The West Valley Police Department will lead that investigation." The West Valley Police Department did not immediately respond to requests for comment.

Organizations: Utah Department of Public Safety, Utah Highway Patrol, Salt Lake City , Utah DPS, Troopers, DPS, West Valley Police Department Locations: Utah, Salt Lake City , Utah

☆ Goldman Sachs raises China growth outlook on optimism over Beijing's fresh push to revive struggling economy
▼ + stars: | 2024-10-14 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Goldman Sachs analysts upgraded their growth forecast for China from 4.7% to 4.9% for this year. AdvertisementChina may not fall too short of its growth targets this year after all, Goldman Sachs analysts said. The analysts also upgraded their growth forecast for next year, from 4.3% to 4.7%. Advertisement"The '3D' challenges - deteriorating demographics, a multi-year debt deleveraging trend, and the global supply chain de-risking push are unlikely to be reversed by the latest round of policy easing," they added. China's recent stimulus pushes have aimed to prop up its weak economy, which has been plagued by a struggling property sector and weak domestic demand.

Persons: Goldman Sachs, —, Goldman, China's Organizations: Service, Ministry of Finance, National Development, Reform Locations: China, Beijing

☆ New lawsuits against TikTok mirror those against Big Tobacco and Purdue Pharma
▼ + stars: | 2024-10-14 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +5 min

Attorneys general in 14 different states filed lawsuits against TikTok last week. The suits mirror earlier ones against Big Tobacco and Purdue Pharma, legal experts told BI. The Sackler family, owners of Purdue Pharma, ultimately paid over $3 billion in settlements for misleading advertising related to their products. Purdue Pharma later filed for bankruptcy, but the Supreme Court struck down a $7 billion bankruptcy plan in June that would have given the Sackler's immunity from future civil suits. With the prospect of that federal ban looming next year, a slew of federal lawsuits helps shape public opinion and "pressure lawmakers to act," Rahmani said.

Persons: —, Adam Wandt, John Jay, Wandt, It's, wouldn't, Rahmani, Sackler, TikTok Organizations: TikTok, Big Tobacco, Purdue Pharma, Service, John, John Jay School of Criminal, Big Tech, Meta, Google, NPR Locations: California, United States

Former President Donald Trump called Democrats and others who have opposed or investigated him "the enemy from within" in an interview that aired Sunday, describing them as more dangerous than major foreign adversaries of the United States, including Russia and China. "I always say, we have two enemies," Trump said, adding, "We have the outside enemy, and then we have the enemy from within, and the enemy from within, in my opinion, is more dangerous than China, Russia and all these countries." Trump added that a "smart president" could handle outside adversaries "pretty easily," but "the thing that's tougher to handle are these lunatics that we have inside, like Adam Schiff." House Republicans have joined Trump in his ire against Schiff, who is leading in the California Senate race against former baseball player Steve Garvey, a Republican. Mueller's report found no explicitly coordinated effort between Trump's campaign and Russia to influence the election.

Persons: Donald Trump, Trump, Adam Schiff, president's, Maria Bartiromo, Kamala Harris, Schiff, shifty Schiff, He’s, ” Trump, “, Donald, ” Schiff, Steve Garvey, Robert Mueller's, Mueller's, Hillary Organizations: Democratic, Senate, Fox Business, Republican, NBC News, Social, House Republicans, Trump, California Senate Locations: United States, Russia, China, California, Coachella , California, ”, Trump's

And they are long-shot races, especially during a presidential election, when ticket-splitting isn’t as common as it used to be. In Florida and Texas, Democrats are focusing on state abortion bans to try to push beyond their recent losses in those states. Cruz’s campaign spent almost $5 million on ads in September and $4 million in the first 10 days of October. The spending disparity is less stark in Florida, where in September Mucarsel-Powell’s campaign spent $8.6 million and Scott’s campaign spent $2.1 million. In Maryland, the Senate race features a similar dynamic, with the race rated by Cook as “Likely Democrat,” even though Harris is expected to win there easily.

Persons: Donald Trump, Kamala Harris, Larry Hogan, Colin Allred, GOP Sen, Ted Cruz, Debbie Mucarsel, Powell, Rick Scott, Sen, Andrew Harnik, Allred, Cruz, Scott, “ There’s, they’ve, Scott “, “, ”, ” Cruz, Angela Alsobrooks, Michael Ciesielski, haven’t, Amy Walter, Dan Osborn, Deb Fischer, Cook, Harris, Hogan, Alsobrooks, ” Alsobrooks, ” Sen, Anna Rose Layden, Osborn, ” Osborn, Bernie Sanders ’, Pete Ricketts, Fischer, Derek Oden, Dan Osborn isn’t, Oden Organizations: Senate, Republicans, Gov, Democratic Senatorial, Democratic, GOP, Lone Star State, Sunshine State, Capitol, PAC, state’s Republican Party, Republican, NBC News, Democrats, Texans, Democrat, Maryland Public Television, AP, “, “ Lean Republican, Prince George’s, National Republican, Committee Locations: Florida , Texas , Nebraska, Maryland, Florida, Texas, Nebraska, ” In Texas, Cruz, Cancun, Harris County, America, Owings Mills, Md, Montana and Ohio, Michigan, Arizona, Pennsylvania

☆ TikTok knew its algorithm harmed kids, accidentally revealed internal documents show
▼ + stars: | 2024-10-11 | by ( Kenneth Niemeyer | Laura Italiano | ) www.businessinsider.com time to read: +6 min

Internal research accidentally revealed this week indicates TikTok knew its algorithm was harmful. Lawyers for children harmed by social media say the apps have long known they are hurting kids. According to NPR, TikTok's internal documents show officials at parent company ByteDance discussing internal studies that show the app can harm children. According to NPR, the unredacted internal documents show that TikTok touted its tools for limiting teens' screen time despite knowing from its own research that these features had "little impact." Matthew Bergman, a founding attorney of the Social Media Victims Law Center, which represents over 3,000 plaintiffs in cases of adolescents harmed by social media, told BI that the unsealed information is "certainly consistent with what we're seeing" across TikTok and other social media.

Persons: TikTok, —, Adam Wandt, John Jay, Wandt, Jayne Conroy, Simmons Hanly Conroy, Conroy, it's, Matthew Bergman, Bergman Organizations: Service, Kentucky Public Radio, NPR, John, John Jay College of Criminal, Social Media, Law Center

☆ 20 details you probably missed in 'Hocus Pocus'
▼ + stars: | 2024-10-11 | by ( Amory Rose | ) www.businessinsider.com time to read: 1 min

The children in the town are evidently pretty independent. All of them changed out of their Halloween costumes and into intricate pajama sets. DisneyThe morning after Halloween, when the children are seen walking in the streets in a trance during Sarah Sanderson's song, they're all wearing coordinated pajama sets, complete with robes and slippers. It is the wee hours of the morning, so kids wearing pajamas may just seem like a given. This also seems to explain why some of the children are still wearing parts of their Halloween costumes — like masks and crowns — even though they're coming from their beds.

Persons: Sarah Sanderson's, Winifred

☆ TD Bank falls 8% after it faces $3 billion fine and growth caps over charges of enabling fentanyl-linked money laundering scheme
▼ + stars: | 2024-10-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

TD Bank shares fell 8% after it pleaded guilty to anti-money-laundering charges and agreed to pay a $3 billion fine. The charges involved a scheme by Chinese cartels bribing TD employees at bank branches in New York and New Jersey. The penalty is the largest ever anti-money laundering fine imposed on a bank by US officials. The bank cannot grow past its current $370 billion in asset size for as long as the asset cap is in place. The charges stem from an investigation that revealed TD Bank didn't have proper anti-money laundering practices in place.

Persons: —, Wells Fargo, Michael Hsu, FinCEN, Bharat Masrani, Masrani Organizations: Bank, Service, TD Bank, HSBC, Department of Justice, Federal Reserve, OCC Locations: New York, New Jersey, Canada

☆ Walmart's in-house meteorologist has been extremely busy
▼ + stars: | 2024-10-10 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

With hurricane season in full swing, Walmart's emergency response team is working overtime. The company's response to storms like Hurricane Milton is coordinated by meteorologist Tom Bedard. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Advertisement"Gray-sky days" start around 3:45 a.m. for Walmart's in-house meteorologist, Tom Bedard. Walmart's in-house meteorologist Tom Bedard at work.

Persons: Hurricane Milton, Tom Bedard, Bedard, —, Helene, it's Hurricane Milton, Idalia, We've, Doug McMillon, John Furner, " Bedard, Walmart's, you've, We're, we've, Katrina —, Rita Organizations: Service, National Hurricane Center, it's, Walmart, National Disaster Preparedness Training Center, Emergency, Center, Walmart Walmart, Gulf Locations: Hurricane, Texas, Appalachia, it's Hurricane, Gulf Coast of Florida, AccuWeather, Milton, Bentonvill , Arkansas, Florida, Bentonville, Asheville , North Carolina, Houston, Houston —

All four drugs are in a class of wildly popular weight loss drugs known as GLP-1s. In the United Kingdom, authorities last year seized hundreds of counterfeit Ozempic pens — insulin pens that had been relabeled as Ozempic. Counterfeit weight loss drugs have serious health risks, according to the pharmaceutical companies and federal officials. Counterfeiters are already trying to cash in on a weight loss drug that the company hasn't even put on the market yet: retatrutide. But it's also one of the epicenters of the lucrative counterfeit drug trade, according to U.S. authorities who track counterfeit drugs.

Persons: It's, —, Eli Lilly's Mounjaro, they've, Laver, Andy Morling, CNBC Morling, Eli Lilly, Daniel Skovronsky, Eli Lilly's, we'll, Skovronksy, John F, Sal Ingrassia, Ingrassia, Customs isn't, we've, Yoav Keren, GLP, TikTok, Keren, BrandShield, it's, Nicole Johnson, CNBC Johnson, Johnson, Mike Doustdar, Doustdar, Direnc Bada Organizations: CNBC, U.S, Laver Beauty, DHL, Novo Nordisk, Laver, Medicines, Healthcare Products Regulatory Agency, Lilly Research Labs, Kennedy International, JFK International Mail Facility, U.S . Customs, Border Protection, JFK, CBP, Protection, CNBC CNBC, FDA, Customs, Meta, Facebook, World Health Organization, U.S ., Intellectual, Coordination Center, National, Turkish National Police, Novo Nordisk's, CNBC Counterfeiters, CNBC FDA Locations: BOULDER, COLO, Boulder, Ozempic, Shijiazhuang, China, Beijing, Englewood Cliffs , New Jersey, United Kingdom, London, New York City, U.S, Turkey, Europe, South America, United States, India, Mexico, Istanbul, Zurich

It’s not unusual for the Federal Emergency Management Agency to have to respond to rumors surrounding any given natural disaster. This week, President Joe Biden requested a memorandum from his team on the federal government’s digital response, including how officials were remediating misinformation, a senior administration official told CNN. “The contours of this misinformation are unlike anything we’ve seen before,” a senior administration official told CNN. CNN previously reported that there were 30 midair near-collisions involving noncommercial flights in the immediate aftermath of Hurricane Helene on Saturday, September 28. FEMA personnel on the ground receive threatsThe snowballing of false information on the heels of Hurricane Helene has also directly affected those on the ground.

Persons: Hurricane Helene, Elon Musk, Donald Trump, It’s, Joe Biden, Hurricane Milton, Biden, Trump, we’ve, ”, “, Pete Buttigieg, CNN’s John Berman, ” Buttigieg, Musk, Buttigieg, “ We’re, Helene, Chuck Edwards, ” Edwards, Steve Reaves, ” Reaves, Reaves, Sandy, Maria, Alejandro Mayorkas, ” Mayorkas, ” John Cohen Organizations: CNN, Biden, White, Federal Emergency Management Agency, Hurricane, Federal Aviation Administration, FAA, Department of Transportation, Twitter, SpaceX, Trump, FEMA, North Carolina Division of Aviation, Asheville Regional Airport, GOP, Republicans, House Homeland Security, Congress, American Federation of Government Employees, Homeland, Wednesday, DHS Locations: Hurricane, Florida, it’s, North Carolina, Asheville, Rutherford, Western North Carolina, Fort Worth , Texas, Carter County , Tennessee

☆ The dietitian for the Philadelphia Eagles shares 2 underrated protein sources his players love
▼ + stars: | 2024-10-09 | by ( ) www.businessinsider.com time to read: +4 min

The dietitian for the Philadelphia Eagles shares how players get enough protein to perform their best. AdvertisementIf you want to fuel up like an NFL pro for better energy and muscle recovery, get creative with your protein sources. Feeding players for success involves balancing macronutrients like carbs and protein, according to Roman Montijo, performance chef and registered dietitian for the Philadelphia Eagles. AdvertisementDifferent protein sources offer different nutrients, so mixing them up can help ensure you're getting the most out of your meals. "Right now quinoa and bone broth, both great sources of protein, are team favorites," Montijo said.

Persons: quinoa, —, Roman, Montijo, It's Organizations: Philadelphia Eagles, Service, MyFitnessPal, Eagles

Vice President Kamala Harris’ campaign is launching a blitz in Arizona this week, with plans to swamp the battleground state with events and canvassing efforts, all timed around the start of early voting. “All of that, to me, is the type of activity that’s required to win a close race. Campaign officials also say to expect Harris to time events around early voting in many of the battleground states. Those polls also show Democratic Senate candidate Ruben Gallego outperforming Harris in his race against Republican Kari Lake. We know it’s gonna be a close race.

Persons: Kamala Harris ’, Tim Walz, Doug Emhoff, Jill Biden, Harris, Walz, Biden, Deb Haaland, Sen, Alex Padilla, Jasmine Crockett, Maxwell Frost of, we’ve, ”, Dan Kanninen, Donald Trump, Ruben Gallego outperforming Harris, Republican Kari Lake, Jeff Flake, Jimmy McCain, Republican Sen, John McCain, you’ve, ” Kanninen, Joe Biden, Harris ’, Gina Swoboda, Swoboda, Sean McEnerney, “ We’ve, ” McEnerney, McEnerney, we’ll Organizations: Minnesota Gov, NBC, Tucson, Democratic, Republican, Republicans outpacing Democrats, Independents, Senate, ”, GOP, Democrats, Trump, Arizona Democratic Party Locations: Arizona, Harris, Minnesota, Phoenix, Yuma, Alex Padilla of California, Jasmine Crockett of Texas, Maxwell Frost of Florida, In Arizona, Cochise County, It’s Arizona

☆ Airports are closing and American Airlines is operating evacuation flights as Hurricane Milton nears Florida
▼ + stars: | 2024-10-08 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Hurricane Milton is expected to make landfall in Florida on Wednesday night. AdvertisementFour international airports are set to suspend commercial flights as Hurricane Milton approaches Florida, while American Airlines scheduled extra services for evacuees. Orlando International, Sarasota-Bradenton, St Pete-Clearwater International, and Tampa International airports have all announced closures. As of 7 a.m. Tuesday, close to a third of 158 flights at Tampa International had already been canceled, per FlightAware. Related storiesIt's added 11 flights from Tampa International and one from Sarasota-Bradenton, totaling about 2,000 seats.

Persons: Milton, —, Peter O, Hurricane Helene Organizations: American Airlines, Service, Milton, National Hurricane Center, Orlando International, St Pete, Clearwater International, Tampa International, Bradenton, Pete, Clearwater, Tampa Executive, Airport, Federal Aviation Administration, Hurricane, FAA Locations: Florida, Gulf of Mexico, Tampa, Sarasota, Bradenton, Orlando, Plant

☆ Taylor Swift brought luxury fashion to Monday night football in an outfit that cost over $51,000
▼ + stars: | 2024-10-08 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +4 min

On Monday, Taylor Swift attended the Chiefs game in a plaid set from Vivienne Westwood. AdvertisementTaylor Swift attended her third football game of the 2024-2025 NFL season in style. Swift attended the game wearing head-to-toe Vivienne Westwood, continuing her streak of bringing high-end fashion to football. Taylor Swift attended the Chiefs game in October. Taylor Swift wore several jewelry pieces to the game.

Persons: Taylor Swift, Vivienne Westwood, Travis Kelce's, —, Swift, Kansas City Chiefs —, Travis Kelce —, David Eulitt, Vivienne Westwood's, Grace Boots, Loewe, Travis Kelce, Grace Bas, Kelce, William Purnell, Jacquie, Kate Smooth, Effy, Jamie Squire, Aliett Buttelman Organizations: Chiefs, Service, Arrowhead, Kansas City Chiefs, New, New Orleans Saints, Kelce's, Grace, Cartier Locations: New Orleans

☆ Two Chinese nationals killed in ‘terrorist attack’ near Karachi airport
▼ + stars: | 2024-10-07 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

ISLAMABAD — Two Chinese nationals were killed in an explosion near the international airport of the southern Pakistani city of Karachi on Sunday night, the Chinese embassy in Pakistan said, in what it described as a "terrorist attack." The Chinese embassy said a convoy from the Port Qasim Electric Power Company was attacked near the airport. Pakistan's Prime Minister Shehbaz Sharif said a Chinese national was also injured and that an investigation was underway. It has previously killed Chinese citizens working in the region and attacked Beijing’s consulate in Karachi. In March, a suicide bomber killed five Chinese engineers working on a hydropower project in northern Pakistan.

Persons: Shehbaz Sharif, Asif Hassan, Imran Khan ., —, Xi Organizations: Baloch Liberation, Port Qasim Electric Power Company, Embassy, General, Pakistan's, Getty Images, Shanghai Cooperation Organization, Geo News, Beijing, Beijing’s, Authorities Locations: ISLAMABAD, Pakistani, Karachi, Pakistan, Port, Pakistan's, AFP, Getty Images Pakistan, Islamabad, Balochistan, Pakistan’s, Afghanistan, Iran, Gwadar, China

☆ New Zealand Navy ship sinks off Samoa
▼ + stars: | 2024-10-07 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

WELLINGTON — A Royal New Zealand Navy vessel ran aground and sank off Samoa but all 75 crew and passengers on board were safe, the New Zealand Defense Force said in a statement on Sunday. Several vessels responded and assisted in rescuing the crew and passengers who had left the ship in lifeboats, Arndell said. The cause of the grounding was unknown and would need further investigation, New Zealand Defense Force said. The vessel later capsized and was below the surface by 9 a.m. local time, New Zealand Defense Force said. New Zealand’s Navy is already working at reduced capacity with three of its nine ships idle due to personnel shortages.

Persons: Manawanui, Shane Arndell, Arndell, Garin Golding, Judith Collins, Collins Organizations: WELLINGTON, New Zealand Navy, New Zealand Defense Force, Royal New Zealand Air Force, New Zealand, NZ, Samoa, Australian Defense, Samoa Police, Corrections, Facebook, South West, South West Pacific . New Zealand’s Navy Locations: Samoa, Upolu, Auckland, New Zealand, Zealand, South West Pacific .

The terror attack has helped push the Middle East to the brink of a wider regional war. One year after the massacre, the Middle East has only plunged deeper into violence and is on the brink of a broader war. Globally, the immediate concern is that oil supplies will diminish significantly should conflict spill over to the rest of the Middle East. Everyone but Biden can see this," wrote Andrew Exum, a former US deputy assistant secretary of defense for Middle East policy, in The Atlantic last week. The global economy on edgeWhen the conflict began a year ago, there were fears that wider conflict in the Middle East could impact the global economy.

Persons: —, Israel, Chuck Frielich, Frielich, Yemen's Houthi, Mohammed Hamoud, barraged, Ammar Safarjalani, Ismail Haniyeh, Haniyeh, Fuad Shukr, Hasan Nasrallah, Qasem Soleimani, JOSEPH EID, JALAA MAREY, Nasrallah, bode, Benjamin Netanyahu, Carmel Gat, Netanyahu, Joe Biden, Biden, Andrew Exum, Brent, Vladimir Putin Organizations: Service, Israel Defense Forces, Hamas, Iranian Revolutionary Guard Corps, The Washington Institute for Near East, Getty Images Iran, Getty, Israel's, United Nations General Assembly, Citigroup, Iranian, US, Middle, Business, Bank of Israel, Reuters, IMF Locations: Israel, Iran, Gaza, Suez, Aden, Red, Palestine, Syria, Damascus, Xinhua, Tehran, Beirut, Haniyeh, Shukr, Lebanon, AFP, Hezbollah's, United States, Ukraine

☆ Making HERstory: How WNBA owner Clara Wu Tsai turned a team ‘no one wanted’ into New York’s next big franchise
▼ + stars: | 2024-10-07 | by ( Carolyn Manno | ) edition.cnn.com time to read: +10 min

Now, back in the Finals, winning the team’s first title would cap off a stretch of unprecedented growth for majority team owner, Clara Wu Tsai. Wu Tsai and her husband, Joe Tsai, bought the team in 2019 for an undisclosed amount after the franchise’s previous owner, James Dolan, put the team up for sale in 2017. Wu Tsai says without investors in the market, she jumped at a chance nobody else wanted. I definitely feel like we have the most inclusive fan base in all of professional sports today,” Wu Tsai told CNN last month. We have an exhibition that’s open to the students, their parents, their teachers, and the community,” Wu Tsai said.

Persons: Clara Wu Tsai, Wu Tsai, Joe Tsai, James Dolan, Dolan, “, ” Wu Tsai, Picasso, ”, Brianna Stewart, Breanna Stewart, Turkey Clara Wu, I’ve, Ellie, “ There’s, “ Caitlin Clark, Angel Reese, Kamilla Cardoso, Cameron Brink, Caitlin, it’s, Covid, “ We’ve, Jean Michel Basquiat Organizations: New, New York CNN, New York Liberty, Barclays Center, ” New York Liberty, Liberty, CNN, Alliance, BK, XL, Cornell University, Yale University, Brooklyn, Department of Education, Barclay Center, WNBA Locations: New York, New York City, Turkey, ”, Brooklyn, United States, Liberty

☆ A year on from October 7, the Middle East is facing its greatest upheaval in a half-century
▼ + stars: | 2024-10-07 | by ( Nic Robertson | ) edition.cnn.com time to read: +8 min

Propelled by US incentives, Saudi Arabia and Israel seemed closer than ever to a historic normalization of relations. It was October 10, and Major General Itai Veruv of the Israel Defense Forces (IDF) was leading the first international press access to see the devastation of Hamas’ attacks. Israel's Prime Minister Benjamin Netanyahu is unwilling to be a partner in a deal that would resow Middle East relations. Nearly 42,000 Palestinians in Gaza have been killed, many by US bombs and bullets in Israel’s hands, authorities in Gaza say. Tehran’s Shia proxies in Iraq have also answered its calls and begun escalating drone attacks on Israel.

Persons: Butchery, Yahya Sinwar, Itai Veruv, General Eisenhower, Benjamin Netanyahu, Jack Guez, haven’t, Israel’s, Netanyahu, Joe Biden’s, Hassan Nasrallah, Israel –, Biden, Mohammed Bin Salman, Anwar Gargash, cleaver Organizations: CNN, Hamas, Aza, Israel Defense Forces, Israel's, Getty, West Bank, Saudi, Saudi’s Crown, MBS Locations: Israel, Saudi Arabia, Gaza, AFP, Lebanon, Iran, United States, Tehran, Tel Aviv, Iraq, Saudi, Palestinian, UAE

☆ China's stock markets reopen tomorrow after a weeklong break. Investors — and social media — are buzzing.
▼ + stars: | 2024-10-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

China's stock investors and watchers are discussing the markets before they reopen. AdvertisementChina's investors are looking forward to some stock market action after the country's weeklong National Day break. AdvertisementChina's domestic stock markets are dominated by retail traders, who number over 200 million and account for about 70% of trading volume. Goldman Sachs, for one, has upgraded China's stocks to overweight and is forecasting another 15% to 20% upside to Chinese shares. China's stimulus measures include interest rate cuts and 800 billion yuan, or about $114 billion, to support the domestic stock markets.

Persons: —, Goldman Sachs Organizations: Service, Twitter, Weibo, Shanghai Stock Exchange Locations: China, Mainland, Beijing, Weibo, Hong Kong, Shanghai, Shenzhen

☆ $63 million Royal New Zealand Navy ship capsizes and sinks off Samoa
▼ + stars: | 2024-10-06 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +3 min

A New Zealand naval ship caught fire and sank off Samoa; all those on board were rescued. AdvertisementA New Zealand naval ship that cost around $63 million caught fire and sank off the coast of Samoa. The HMNZS Manawanui. Related storiesThe New Zealand government said in 2018 that it would cost NZ$103 million (around $63 million) to buy and convert the ship, Radio New Zealand reported. AdvertisementGolding added that the passengers and crew would be flown back to New Zealand from Samoa on Sunday.

Persons: Manawanui, —, HMNZS Manawanui, Garin Golding, Golding, David Rowland, Shane Arndell Organizations: New, Service, New Zealand's Defence Force, New Zealand Air Force, Radio New Zealand, Royal New Zealand Navy, Component, New Zealand Defense Force, Business Locations: New Zealand, Samoa, Zealand, Upolu, Auckland

☆ How China's stimulus could provide a boost to new CEOs at Nike and Starbucks down the line
▼ + stars: | 2024-10-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

Brian Niccol and Elliott Hill are taking over Starbucks and Nike , respectively, just as a key market that weighed on their predecessors gets a boost. As China's economic stimulus takes shape, it could end up helping these global brands. Nike and Starbucks in China While the exact plans for Niccol and Hill are still unclear, the Chinese market seems like it will be an area of focus. At Starbucks, the company's leadership team in China has already been reshuffled since Niccol took over in September. Still, a rebound for China's consumer won't necessarily boost sales for Starbucks and Nike without better execution.

Persons: Brian Niccol, Elliott Hill, Hartmut Issel, Niccol, Matthew Friend, Hill, Chen Luo, Ellen Hazen, . Putnam, Hazen, Eric Clark, I'd, it's, Clark, America's Luo, — CNBC's Michael Bloom Organizations: Starbucks, Nike, Bank of America — Nike, UBS, Bank of America, CNBC, Brands, Bank, America's Locations: China, United States, Niccol, .

A fourth university has forfeited its women’s volleyball match against San José State University following controversy over the gender identity of one of the team’s players. In the lawsuit, Slusser says the teammate who was the subject of the media coverage told her she was a trans woman. Tony Hoang, the executive director of Equality California, said that in forfeiting matches against SJSU, school administrators are harming all students involved. The Republican governors of both Utah and Idaho publicly supported decisions by Southern Utah University, Utah State University and Boise State University to cancel their matches against SJSU. Previously, trans athletes’ participation in sports was regulated by state sports associations, school districts and, in college athletics, the NCAA.

Persons: Michelle Smith McDonald, ” McDonald, Reduxx, Brooke Slusser, Riley Gaines, Lia Thomas, Slusser, hadn’t, “, didn’t, ” Michelle Brutlag Hosick, hasn’t, Tony Hoang, ” Hoang, Brad Little, Idaho’s Organizations: San José State, Utah State University, SJSU, University of Wyoming, Boise State University and Southern Utah University, Educational, NCAA, NBC, University of Kentucky, University of Pennsylvania, Equality, Southern Utah University , Utah State University, Boise State University, SJSU ., SJSU . Idaho Gov, Boise State, Conservatives Locations: California, Equality California, Utah, Idaho, SJSU . Idaho, Idaho , Utah, Wyoming

☆ Black man details alleged beating at the hands of a white supremacist group in Boston
▼ + stars: | 2024-10-04 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

A Black teacher and musician told a federal court Thursday that members of a white nationalist hate group punched, kicked and beat him with metal shields during a march through downtown Boston two years ago. Charles Murrell III, of Boston, was in federal court Thursday to testify in his lawsuit asking for an undisclosed amount of money from the group’s leader, Thomas Rousseau. “I thought I was going to die,” Murrell said, according to The Boston Globe. The newspaper said that U.S. District Judge Indira Talwani last year found the group and Rousseau, of Grapevine, Texas, liable for the attack after Rousseau didn’t respond to a civil lawsuit Murrell filed. The march in Boston by about 100 members of the Texas-based Patriot Front was one of its so-called flash demonstrations it holds around the country.

Persons: Charles Murrell III, Thomas Rousseau, “, ” Murrell, Indira Talwani, Rousseau, Rousseau didn’t, Murrell, Talwani, ”, Jason Lee Van Dyke Organizations: Boston Globe, U.S, Boston Public Library, Patriot Front, Associated Press, America Locations: Boston, Grapevine , Texas, Texas

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