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Detroit Pistons team owner Tom Gores claps during the press conference on July 30, 2021 at the Pistons Performance Center in Detroit, Michigan. Gores also owns the the National Basketball Association's Detroit Pistons. The private equity founder along with this firm, Platinum Equity, bought the team for $325 million in 2011. The purchase of the Chargers stake is solely by Gores and not affiliated with Platinum Equity. Likewise, the Chargers play in SoFi Stadium, which is also the home of the Los Angeles Rams.
Persons: Tom Gores claps, Tom Gores, Gores, Dea Spanos Berberian, Dean, Alexis, Michael Spanos, Holly, Dean Spanos, Alex G, Berberian, Stan Kroenke Organizations: Detroit Pistons, Pistons, National Football, Los Angeles Chargers, Chargers, Las Vegas Raiders, NFL, National Basketball Association's Detroit Pistons, Platinum Equity, Little Caesars Arena, National Hockey, Detroit Red Wings, Red Wings, NHL, Los Angeles Rams, Rams Locations: Detroit , Michigan, Los Angeles, Oakland , California, SoFi
European markets are heading for a lower open Wednesday as global market sentiment takes a turn lower. The U.K.'s FTSE 100 index is expected to open 6 points lower at 8,249, Germany's DAX down 35 points at 19,482, France's CAC down 59 points at 7,469 and Italy's FTSE MIB down 137 points at 34,246, according to data from IG. The lower open seen for Europe's major bourses follows declines on Wall Street Tuesday and comes as most Asia-Pacific markets traded lower overnight, with Japan's Nikkei leading losses. U.S. stock futures were calm Tuesday evening as Wall Street looked to see whether equities can be rebound to record highs this week; the S&P 500 and Dow hit all-time highs Monday. Earnings in Europe Wednesday come from chip firm ASML.
Persons: Germany's DAX, Morgan Stanley Organizations: France's CAC, IG, Japan's Nikkei, Dow Locations: Asia, Pacific, Europe
European stocks are heading for a positive open Tuesday, with global markets broadly tracking gains on Wall Street. The U.K.'s FTSE 100 index is expected to open 40 points higher at 8,324, Germany's DAX up 86 points at 19,586, France's CAC up 27 points at 7,621 and Italy's FTSE MIB up 125 points at 34,653, according to data from IG. The positive start for Europe comes after gains on Wall Street that saw the Dow Jones Industrial Average and the S&P 500 reach new intraday highs and record closes. Asia-Pacific markets were mixed overnight, but regional chip stocks rose, boosted by Nvidia's share price rising 2.4% Monday before closing at a record high. In Europe Tuesday, earnings are set to come from LVMH and Ericsson and data releases include the U.K.'s latest unemployment figures, French inflation data and the Europe and German ZEW index of economic sentiment.
Persons: Germany's DAX Organizations: France's CAC, IG, Dow Jones Industrial, Nvidia's, LVMH, Ericsson Locations: Europe, Asia, Pacific
European stocks are heading for a mixed start to the week Monday, with regional markets lacking direction after a choppy week last week. The region's major indexes closed higher on Friday as investors assessed U.K. growth figures and looked ahead to a fiscal stimulus announcement by China over the weekend. China's Minister of Finance Lan Fo'an in a press briefing on Saturday hinted at more debt issuance amid efforts to shore up the economy, stating the government had a "rather large" space to increase deficit. Asia-Pacific markets were mixed on Monday and China stocks volatile as investors assessed the weekend press briefing. Meanwhile, U.S. stock futures were little changed in overnight trading Sunday as investors waited to assess whether the next batch of key corporate earnings could power the market to more records; Bank of America, Goldman Sachs and Johnson & Johnson report their latest results on Tuesday before the market opens, while Morgan Stanley and United Airlines are set to release results Wednesday.
Persons: Finance Lan Fo'an, Goldman Sachs, Johnson, Morgan Stanley Organizations: China's, Finance, Bank of America, Johnson, United Airlines Locations: China, Asia, Pacific
Video Ad Feedback Coast Guard saves man clinging to cooler 30 miles off Florida coast as Milton approached 00:39 - Source: CNNAhead of Milton’s arrival this week, the US Coast Guard twice helped a Florida boater, who was found clinging to a cooler in the Gulf waters the second time he was rescued, video shows. A Coast Guard rescue boat crew and a rescue helicopter crew arrived to help the two people, who were airlifted back to Air Station Clearwater in good condition, the release said. “The weather at the time was 6-8 foot seas, and approximately 30 mph winds but quickly deteriorating as (Milton) approached,” the release states. The Coast Guard instructed the captain to wear a life jacket and stay with the vessel’s emergency position. A Coast Guard Air Station Miami helicopter was launched at 5:30 a.m.
Persons: Milton, Dave, “ Watchstanders, , Cmdr, Dana Grady Organizations: Guard, CNN, US Coast Guard, Coast Guard, USCG, Air Station Clearwater, Coast Guard Air Station Miami, Tampa General Hospital Locations: Florida, St, Petersburg, John’s, St . Petersburg , Florida, Gulf, Tampa
Rewatching my fall fave, "Gilmore Girls," as a parent feels less nostalgic and more painful. AdvertisementI found "Gilmore Girls" my first year of high school, and I'd never felt more seen. "Gilmore Girls" felt fun and fresh. When "Gilmore Girls" initially ran, I knew nothing about relationships, especially healthy ones. My daughters and I won't be cozying up on the couch to rewatch "Gilmore Girls" every fall, and that's OK. Maybe we'll find a new comfort show to enjoy together.
Persons: Gilmore, shouldn't, , I'd, Rory, Lorelai's, Lorelai, it's, Dean, Rory's, Warner, Christopher Organizations: Service, WB, Yale, Warner Bros, Netflix
Russia's President Vladimir Putin visits Uralvagonzavod, the country's main tank factory in the Urals, in Nizhny Tagil on February 15, 2024. Ramil Sitdikov | Afp | Getty ImagesRussia's war-orientated economy and plans for unprecedented military spending risk deepening major imbalances within the government's finances, analysts say. Russia's military-industrial complex, feeding an insatiable war machine, has expanded significantly since the war began, as a result. Signalling its commitment to prosecuting the war in Ukraine, combined spending on both national defense and security will account for around 40% of Russia's total government spending in 2025, the draft budget suggested. Notably, defense spending will exceed twice the amount allocated for social needs such as pensions, Reuters noted.
Persons: Vladimir Putin, Uralvagonzavod, Ramil Sitdikov, Mikhail Mishustin, Tursa, Liam Peach, Peach, Alexander NEMENOV, ALEXANDER NEMENOV, Alexander Nemenov Organizations: Afp, Getty, Reuters, Sputnik, Capital Economics, Russian Statistics Agency Locations: Urals, Nizhny Tagil, Ukraine, Russia, Russian, Western, Central, Eastern Europe, Moscow, AFP
As fierce storms become more frequent, some mayors say people have heeded their calls to evacuate and prepare for the worst. Even though people are “getting used” to the storms, Anderson said he was concerned about the debris from the tornadoes and damage from winds. Gulfport: Milton has brought the most significant winds Mayor Sam Henderson has seen in Florida. There’s a been a real difference from storm to storm, the mayor said. He said Helene had damaging storm surges while Milton brought in incredible wind and rains.
Persons: Hurricane Helene, Fort, Kevin Anderson, , Helene, Ian, , Anderson, ” Anderson, Sam Henderson, There’s, Milton, ” Henderson, Henderson Organizations: CNN, Fort Myers Locations: Florida, Hurricane, Milton, Fort Myers, Gulfport
A refuge for first responders and cleanup crews weary after long days rescuing storm victims or clearing wreckage left by Hurricane Milton. But Milton showed no mercy during its deadly rampage across Florida, shredding the roof of Tropicana Field – a Major League Baseball stadium turned makeshift shelter for storm personnel. Drone footage above Tropicana Field in St. Petersburg shows the dome's shredded roof and cots for first responders. “And you could see it just had no chance against those winds of Hurricane Milton.”Hurricane Milton ripped off much of the roof of Tropicana Field, home of the Tampa Bay Rays. Ron DeSantis said Tropicana Field would be used as a 10,000-person base camp for debris cleanup operations and first responders.
Persons: Hurricane Milton, Milton, Max Chesnes, Jonathan Petramala, ” Petramala, ” Hurricane Milton, Chris Urso, Ron DeSantis, CNN’s Kathleen Magramo, Colin Jeffery, Jacob Lev Organizations: CNN, Hurricane, Major League Baseball, Tampa Bay Rays, Tampa Bay Times, Field, AP, Florida Gov, Rays, MLB Locations: Florida, St . Petersburg, , Hurricane Milton, ” Hurricane
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are expecting an 'uptick' in volatility, says Neuberger Berman's Holly Newman KroftHolly Newman Kroft, Neuberger Berman private wealth managing director, joins CNBC's 'Money Movers' to discuss her reaction to today's CPI report, how to invest with expected volatility to end the year, and what she expects from the Fed moving forward.
Persons: Neuberger, Holly Newman, Holly Newman Kroft, Neuberger Berman Organizations: CPI
European markets are heading for a positive open Thursday as investors await the latest U.S. inflation data for more signs that price pressures are easing. Economists polled by Dow Jones anticipate a 0.1% increase on a monthly basis, and a 2.3% advance over the prior 12 months. The result will also inform the Federal Reserve's next steps on policy at its November meeting. Fed funds futures trading data suggests a roughly 70% likelihood of a quarter-point cut, according to CME Group's FedWatch tool. U.S. stock futures were little changed Wednesday night, while Asia-Pacific markets opened mostly higher on Thursday, buoyed by gains on Wall Street on Wednesday.
Persons: Dow Jones Organizations: Federal, Dow Jones Locations: Asia, Pacific
French Prime Minister Michel Barnier (C) ahead of his general policy statement to the French National Assembly in Paris on October 1, 2024. The budget is being widely previewed as an "austerity" budget that will see the government of new Prime Minister Michel Barnier present tax-hiking and cost-cutting measures that could rile opposition parties on both the left and right, and even the centrists that put him in power. In sum, Barnier's government is a fragile one and vulnerable to predatory challenges from the left and right of the political spectrum. But such a large dose of austerity may make even 1.1% growth difficult to achieve," he said in emailed analysis. "Finally, even if the budget is passed and does not dent economic growth too much, France's fiscal position would still be precarious.
Persons: Michel Barnier, Alain Jocard, Barnier, Antoine Armand, France's, , La France Insoumise, Remon Haazen, Emmanuel Macron, Macron, Andrew Kenningham, Kenningham, Marine Le Pen, Carsten Nickel, Nickel, Tom Weller, voigt, Benoit Tessier Organizations: French, French National Assembly, EU, Afp, Getty, National Assembly, Finance, European Commission, Republique, La, Populaire, Capital Economics, Republicans, Stade de France, Olympic Games Locations: Paris, France, La France, Europe, French
Traffic flows east Tuesday along Interstate 4 as residents continue to follow evacuation orders ahead of Hurricane Milton. A motorist drives past broken utility poles downed by strong wind gusts as Hurricane Milton approaches Fort Myers, Florida, on Wednesday, October 9. Chris O'Meara/AP David Jalving throws outdoor furniture into his father's pool in Fort Myers to prepare for Hurricane Milton. Julio Cortez/AP A man clears debris left by Hurricane Helene from his home in Treasure Island, Florida, on Monday. Marta Lavandier/AP A man in Progreso boards up an apartment building to protect it from Hurricane Milton on Monday.
Persons: Vivienne Marran, , Hurricane Milton, Marran, Helene, they’ve, we’ve, “ I’ve, ” Marran, Helene –, , Holly Speckhart, Julio Cortez, , Jane Castor, you’re, ” Speckhart, Ian – Bridgit, Budd, Milton, Fort, Ricardo Arduengo, Connor Ferran, Fort Myers, Joe Raedle, Paul Hennessy, Saul Martinez, Stephen Lundgren, Doug Engle, Payton Wyse, Andrew Goncharsky, Lee, Nicolette Mariano, Kaila Jones, Yamil Lage, Damon Higgins, Ted Carlson, McKenzie, Evan Purcell, Purcell's, Anna Maria Island, Carlson, Rebecca Blackwell, Hurricane Helene, Bryan R, Smith, Matthew Dominick, NASA Aurelio Ortiz, Lorenzo Hernandez, Mike Carlson, Jose Luis Gonzalez, Reuters John Fedor, Chris O'Meara, David Jalving, Marta Lavandier, Pete, Octavio Jones, Tristan Wheelock, Gerald, Martin Zetina, Gregg Newton, ” Anna Maria Island, William Tokajer, ” Tokajer, “ We’ve, we’ll, “ we’ve, I’ve, We’ve, who’d, , “ you’ve, ” CNN’s Mary Gilbert, Rebekah Riess, Andy Rose, John Berman Organizations: Sol , Florida CNN, CNN, Hurricane, Tampa Bay, ” Tampa Fire Rescue’s, Milton, Tampa Bay Rays, Tampa Mayor, Orlando International Airport, Anadolu, Getty, Disney, Vanguard, School, Ocala, USA, Fort, Palm Beach Daily, Florida Army National Guard, Bradenton, Tampa General Hospital, NASA, International, Reuters, AP, Tampa International Airport, Bloomberg, AP Contractors, New Port Richey, AP Tropicana, Holmes Beach Police, Social, Isla del, Sunshine Skyway Locations: Sol , Florida, St . Petersburg, Gulf, Mexico, Tampa, Milton, ” Tampa, Hurricane, Ohio, Cincinnati, Sanibel, Fort Myers , Florida, Orlando, Ocala , Florida, Lee County, Fort Myers, Sebastian , Florida, Havana, Cuba, AFP, Palm Beach, Bradenton Beach, Tampa , Florida, Celestún, Port Richey , Florida, Tampa Bay, Treasure Island , Florida, St, Pete Beach , Florida, Fort Myers Beach, Progreso, New Port, St . Petersburg , Florida, Kissimmee , Florida, Florida, Isla, Isla del Sol, Holmes Beach
European stocks are heading for a flat to mixed open Wednesday as positive sentiment wavers in the region, spurred by market volatility in China. Regional markets traded and closed lower Tuesday, with all major bourses and the majority of sectors trading in the red during the day. On Tuesday, the HSI recorded its worst day in 16 years, closing 9.41% lower. U.S. stock futures hovered near the flatline Tuesday night after a winning session for the major averages. Wall Street is coming off a strong session for the major averages Tuesday as tech stocks outperformed, and oil prices eased off their highs.
Persons: HSI Organizations: Regional, CSI, NATO Locations: China, Asia, Pacific, Europe, Belgium
10-year Treasury yield shifts lower but hovers above 4%
  + stars: | 2024-10-09 | by ( Holly Ellyatt | ) www.cnbc.com   time to read: 1 min
U.S. Treasury yields shifted slightly lower Wednesday, days after the rate on the 10-year note hit its highest level in more than two months. The 10-year Treasury yield's jump to 4% on Monday came after last week's stronger labor market readings, and follows on from the Federal Reserve's rate cut last month. The 10-year Treasury yield was 2 basis points lower at 4.013% Wednesday morning. The 2-year Treasury slipped over 2 basis points to 3.952%. One basis point equals 0.01%.
Persons: yield's Organizations: Treasury
The Weather Prediction Center has increased the rainfall threat for Wednesday to a rare “high” risk, or a level 4 of 4. For Tampa that would equal more than five months’ worth of rain – the average for October is 2.34 inches. More than 10 inches of rain could also break monthly records for some cities in central Florida. The heavy rainfall combined with high storm surge could create an especially dangerous situation. Flood watches remain for nearly 20 million people across Florida, and over 5 million people are under storm surge alerts.
Persons: Fort, Flood Locations: Tampa, Orlando, Florida, Fort Myers, Sarasota, Gulf, Atlantic, Milton
European markets are heading for a mixed open Tuesday as regional sentiment sours further after a shaky start to the week, with investors watching the conflict in the Middle East closely and its potential impact on oil markets, supply chains and the global economy. Elsewhere overnight, U.S. stock futures were little changed following a losing day on Wall Street Monday as rising oil prices and bond yields weighed on markets. In the Asia-Pacific region, an initial rally for Chinese markets lost steam after a briefing from the country's National Development and Reform Commission provided few details on further stimulus. Earlier, mainland China's CSI 300 index had skyrocketed over 10% at the open at its return from the Golden Week holiday, but the index pared gains later in the session. Key releases for markets this week include U.S. Federal Reserve minutes and German trade on Wednesday, U.S. inflation on Thursday and U.K. economic growth on Friday.
Organizations: Reform, CSI, Federal Locations: Asia, Pacific
Sweden registered 81,301 asylum seekers in 2014, data shows. Jonas Ekstromer | Afp | Getty Images"It pains me that Sweden is no longer capable of receiving asylum seekers at the high level we do today. Since then, Sweden's immigration policy has been on a one-way street. A decade ago, all member states of the European Union were encouraged to welcome asylum seekers and refugees fleeing conflict zones in the Middle East, notably Syria but also Iraq and Afghanistan. This year, Sweden is expected to have its lowest number of asylum seekers since 1997.
Persons: Laurie Noble, Sweden's, Fredrik Reinfeldt, Jonas Ekstromer, Stefan Löfven, Jimmie Akesson, Ulf Kristersson, Ebba Busch, Johan Pehrson, Kristersson, Linnea Rheborg, Jacob Lind, " Lind, Lind, Lesbos Spencer Platt, Migration Maria Malmer Stenergard Organizations: Stone, Getty, Afp, Sweden Democrats, Sweden, Moderate, Liberal, Christian Democrats, Malmö University, CNBC, European, UN Refugee Agency, Swedish Migration Agency, EU, Migration, Nurphoto Locations: Stockholm, Sweden, Europe, Syria, Malmo, Iraq, Iran, Somalia, Afghanistan, Swedish, Sundbyberg, Germany, Lesbos, Stockholm City
Holly Taylor estimates she's interviewed hundreds of people in her decade-long career in the HR space. The head of people at Public Digital, a London-based consultancy, says she tries to be innovative and equitable in the hiring process, such as recently sending interview questions to job candidates in advance. But one question is her favorite to ask in interviews, even though "it stumped me so much" when she first heard it seven years ago: What is the most valuable piece of feedback that you have received in your career? They explain "this was the feedback, this is how I approached it, this is how I changed, and this is the impact of having that feedback," Taylor says. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.
Persons: Holly Taylor, she's, Taylor Organizations: Public, CNBC Locations: London
A television broadcasts the Federal Reserve's interest rate cut on the floor of the New York Stock Exchange on Sept. 18, 2024. Roche said the figures made the Fed's "jumbo interest rate cut look silly, populist and panicky." 1 is that [it gives the impression that] the economy is more fragile than it is ... and the economy is fine, thank you very much, and doesn't need jumbo rate cuts," he told CNBC's "Squawk Box Europe." And headline and core inflation will stay above the Fed target of 2%, so the case for aggressive rate cuts [is not there]," he said. "Yes there is a case for modest rate cuts, there is a case for 25 to 50 basis point cuts by January next year, but a case for 50 basis point cut at the next meeting just does not exist," Parker said.
Persons: Michael Nagle, David Roche, Roche, CNBC's, " Roche, Bob Parker, Parker, Dave Pierce Organizations: New York Stock Exchange, Bloomberg, Getty, Federal Reserve, CNBC, Quantum, Federal, Market, International Capital Markets Association, Fed, Global, Capital, Dow Jones Industrial Locations: Israel, U.S
A stock trader looks at his monitors in the trading room of the Frankfurt Stock Exchange. Worries about a new coronavirus mutation in southern Africa have dealt a major blow to the German stock market. LONDON — European stocks are expected to start the new trading week on a positive note, buoyed by gains in Asia overnight and last Friday's rally on Wall Street. European stocks look set to continue the positive sentiment seen at the close of trade last week, with markets getting a boost from the latest U.S. jobs report that exceeded expectations. Nonfarm payrolls data showed the U.S. economy added 254,000 jobs in September, ahead of the 150,000 estimated by economists polled by Dow Jones.
Persons: Germany's DAX, Dow Jones Organizations: Frankfurt Stock Exchange, LONDON, CAC, IG Locations: Africa, Asia, U.S
"We have kind of a two-level house — it's not a two-story, but there are two levels," Smith-Frady told Business Insider. AdvertisementIn May 2024, the average cost of flood insurance in Florida was $781 a year, according to personal-finance company NerdWallet. Advertisement"It basically makes the home a total loss if they don't have flood insurance," Meyer Lucas said. "In Florida, there's really high flood risk, which I think is broadly understood, but that the cost associated with that flood risk is not being captured in home values." "The storms are happening so diversely in so many different areas of the state," D'Amario told Business Insider.
Persons: Helene, , Hurricane Helene, Alexis Smith, Smith, Frady, Idalia, She's, Katie Mallah, Mallah, Katie Mallah Mallah, it's, Heather Cameron, Cameron, Holly Meyer Lucas, Meyer Lucas, Jon Schneyer, Pete, haven't, Jesse Gourevitch, there's, Ryan D'Amario, D'Amario Organizations: Service, FEMA, Business, Flood Insurance, Hurricanes, Sunshine State, Farmers Insurance, Bankers Insurance, Miami Herald, Capital Economics, Palm, Street Journal, Environmental Defense Fund Locations: Florida, St, Petersburg, Hurricane, Bradenton, North Carolina, Tampa, Sarasota, St . Petersburg, Shore, Shore Acres , Florida, Insurify, Palm Beach, Nature, Appalachia, Gulf
CNN —The death toll from Helene has risen to at least 225 across six states, according to CNN’s tally, after seven more deaths were announced Saturday in North Carolina. Emergency responders from across the US respond to hurricane-ravaged North Carolina county: Hard-hit Buncombe County, North Carolina, is getting help from several hundred emergency responders from agencies nationwide who were on the ground there by Saturday, including from the New York Fire Department. The Federal Emergency Management Agency has more than 3,000 federal responders on the ground in North Carolina, said MaryAnn Tierney, FEMA’s National Incident Management Assistance team lead. About 562,007 customers in South Carolina, North Carolina, Georgia, Florida and Virginia were waiting for power to be restored as of Saturday afternoon. More than 74,000 people were without power in Buncombe County Saturday, according to county manager Avril Pinder.
Persons: Helene, Mike Litterst, Litterst, , Lillian Govus, MaryAnn Tierney, Avril Pinder, “ Crews, Nathan West, “ It’s, ” West, Organizations: CNN, National Park Service, Pictures, New York Fire Department, FDNY, Federal Emergency Management Agency, Incident Management, Biltmore, Black Mountain Presbyterian Church Locations: North Carolina, United States, South Carolina, Georgia, Florida, Tennessee, Virginia, Gooch, Buncombe County , North Carolina, , FEMA’s, North Carolina , Georgia, Buncombe County, Carolina, Asheville’s, Asheville, , Black Mountain , North Carolina
I was told to earn just enough to live, don't complain, get a stable job, stay there forever, and never, ever talk about money. After I got married and had kids, I quit my job because I wasn't making enough to pay for daycare. I became focused on money after my divorceSuddenly, I realized I needed to make a lot of money to support my household without a partner. The people around me told me I was a good person and I deserved a lot, including money and financial stability. I don't want my kids to be afraid of the worldI realize now I had a lot of fear because of my upbringing.
Persons: Holly Martins, , nickels, I'd, there's, They're, I've Organizations: Service Locations: New Jersey
CNN —To say that there have been many twists and turns in the tale of the three-and-a-half-year cruise is something of an understatement. Villa Vie Odyssey initially set off from Belfast, Northern Ireland on Monday night after a delay of around four months, but didn’t get very far. Villa Vie CEO Mike Petterson told CNN on Friday that the ship would remain in France for one day, before heading to Bilbao, Spain. Petterson previously indicated that the delayed departure was due to a longer than usual certification process. While the ship was built in 1993, it has been held to the standards of a new vessel, said Petterson.
Persons: didn’t, Fred, Olsen, Villa, Mike Petterson, Holly Hennessey, ” “ It’s, it’s, Angela Theriac, Petterson, CNN’s Julia Buckley, Marnie Hunter Organizations: CNN, Olsen Cruise Lines, Villa Vie Locations: Belfast, Northern Ireland, Belfast Lough, Braemar, Brest, France, Bilbao, Spain
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