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☆ What the new 401(k) limits and other changes mean for your retirement
▼ + stars: | 2024-11-01 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

The new contribution limit for 401(k)s and other workplace retirement plans in 2025 will be $23,500, up from $23,000 currently, the Internal Revenue Service said Friday. The catch-up contribution limit will remain the same at $7,500. Now for an ounce of reality: Most people do not max out their 401(k) savings, whatever their applicable contribution limit. Higher income thresholds for IRAsThe IRS did not increase the contribution limits for individual retirement accounts, known as IRAs. If you’re married and filing jointly and you personally are covered by a workplace retirement plan, your joint modified AGI must not exceed $146,000, up from $143,000.

Persons: CNN —, —, “, Roth IRAs, Roth, you’re Organizations: CNN, Internal Revenue Service, IRS, Vanguard, America, Social, Fidelity

☆ Eric Adams To Stand Trial On Corruption Charges in April, Judge Says
▼ + stars: | 2024-11-01 | by ( Jan Ransom | More About Jan Ransom | ) www.nytimes.com time to read: +1 min

Lawyers for Mr. Adams had argued that the prosecution’s case fell short of meeting the federal definition of bribery. They pointed to a recent U.S. Supreme Court ruling that raised the bar for prosecutors to bring corruption cases. Legal experts who reviewed the indictment against Mr. Adams have said that the ruling could present a challenge for prosecutors. He discounted the defense’s argument that because Mr. Adams was Brooklyn borough president when he reached out to the fire commissioner about the consulate building that the act could not be described as bribery. Mr. Scotten noted that the outreach occurred in late summer of 2021, after Mr. Adams had won the Democratic mayoral primary and was all but certain to be New York City’s next mayor.

Persons: Adams, Hagan Cordell Scotten, Ho, Scotten, New York City’s Organizations: Mr, Supreme, Fire Department, Turkish, Democratic Locations: U.S, Manhattan, Brooklyn, New York

☆ Sean ‘Diddy’ Combs: Grand jury hearing from witness who claims he has footage of Combs potentially victimizing celebrities
▼ + stars: | 2024-10-31 | by ( Elizabeth Wagmeister | ) edition.cnn.com time to read: +4 min

CNN —A federal grand jury has been regularly convening in the continuing criminal investigation into music mogul Sean “Diddy” Combs, three sources told CNN. Attorney Ariel Mitchell told CNN that one of her clients was summoned to testify in front of the grand jury on Thursday. “We are here to comply with the court’s order,” Mitchell told CNN over the phone, disclosing her client’s identity. Representatives for Combs did not respond to CNN’s request for comment regarding grand jury testimony. This is an ongoing investigation,” a source familiar with the current state of the investigation told CNN on Thursday.

Persons: Sean “ Diddy ” Combs, Combs, Ariel Mitchell, Mitchell, ” Mitchell, “, Damian Williams, Emily Johnson, Sean, Diddy, Christine Cornell, CNN’s Kara Scannell Organizations: CNN, US, Office, Southern, of Locations: of New York

Likely voters in Georgia divide 48% for Trump to 47% for Harris, and in North Carolina, Harris stands at 48% to Trump’s 47%. North Carolina, which narrowly supported Barack Obama in 2008, has voted Republican in the past three presidential elections. While the polls find similar political environments in Georgia and North Carolina overall, there are some significant differences. In both states, Harris leads among Black likely voters (84% to 13% in Georgia, 78% to 19% in North Carolina) and voters with college degrees (55% to 39% in Georgia, 53% to 42% in North Carolina). Interviews were conducted October 23-28, 2024, online and by telephone with registered voters, including 732 voters in Georgia and 750 in North Carolina.

Persons: CNN —, Kamala Harris, Donald Trump, SSRS, Harris, Barack Obama, Joe Biden, Bill Clinton, they’ve, –, Harris ’, White, ”, Josh Stein, Republican Mark Robinson, Robinson, Stein, Biden, Hurricane Helene, Helene, Black, Trump Organizations: CNN, White House, Trump, Republican, Democrat, Wisconsin –, White, North, Trump voters, North Carolina, Voters, – Locations: Georgia, North Carolina, Arizona, Michigan, Nevada , Pennsylvania, Wisconsin, North, In Georgia

☆ Israel’s military leaders signal their work in Gaza and Lebanon is done. Will Netanyahu listen?
▼ + stars: | 2024-10-31 | by ( Mick Krever | ) edition.cnn.com time to read: +5 min

It comes as Lebanon’s prime minister says that a ceasefire between Hezbollah and Israel could be imminent. In Gaza, he said, “if we take out the northern Gaza Brigade commander, it’s another collapse…. Amir Cohen/ReutersIsraeli Prime Minister Benjamin Netanyahu has repeatedly pledged “absolute victory.” His defense minister and longtime political tormentor Yoav Gallant has bristled at that goal. That’s a far cry from the existing, maximalist war aim of eliminating Hamas’ military and governance capabilities. A spokesperson for the prime minister declined to comment.

Persons: –, ” Herzi Halevi, Staff Herzi Halevi, Amir Cohen, Benjamin Netanyahu, ”, Yoav Gallant, ” Gallant, Najib Mikati, Amos Hochstein, Israel, Hassan Nasrallah, Mikati, Ariel Hermoni, Gallant, “, Netanyahu Organizations: Jerusalem CNN, Israel Defense Forces ’, “, General Staff, Hezbollah, Gaza, Staff, Reuters, CNN, Defense, State Locations: Jerusalem, Lebanon, Gaza, Israel, there’s, Reuters Israeli, we’re, Iran, Qatar

☆ FTX’s Nishad Singh gets no jail time for role in crypto fraud
▼ + stars: | 2024-10-30 | by ( Mackenzie Sigalos | Mackenzie Sigalos Is A Technology Reporter For Cnbc With A Focus On Cryptocurrency | ) www.nbcnews.com time to read: +4 min

Former FTX executive Nishad Singh was sentenced to time served and three years of supervised release on Wednesday, becoming the fourth ex-employee of the collapsed crypto exchange to be punished. Just before the hearing began, Singh was alone, pacing the elevator bank, as he rehearsed his statement from a single printed page. In March, Bankman-Fried was sentenced to 25 years in prison and ordered to pay $11 billion. Ray said Singh made substantial productions of documents, and he voluntarily returned Bahamian real estate purchased with FTX funds. Ryan Salame, another former top lieutenant of Bankman-Fried, was sentenced to seven and a half years in prison in May.

Persons: Nishad Singh, Singh, Judge Lewis Kaplan, FTX, Sam Bankman, Caroline Ellison, Ellison, spiraled, Fried, Andrew Goldstein, ” Nicolas Roos, Singh “, Roos, Judge Kaplan, “, Gabe, ”, ” John Ray, Ray, Ryan Salame, Gary Wang Organizations: New, Alameda Research, Southern, of, Prosecutors Locations: Alameda, Bankman, of New York, Manhattan, Bahamian

U.S. officials expect that in the coming weeks, Iran is likely to contact individual Americans directly to try to influence how they vote, stir societal divide or incite violence, according to three sources with knowledge of U.S. intelligence reporting on the issue. The U.S. intelligence community noted this month that Iranian hackers appear to have gained access to some Americans’ voting records, as they did in 2020. Last week, U.S. intelligence officials told reporters that both Iran and Russia were continuing propaganda operations to influence American voters and society. A spokesperson for Iran’s mission to the United Nations didn’t respond to a request for comment, but officials for Tehran have routinely denied American accusations of election influence campaigns. In the leadup to the 2020 election, U.S. officials announced that Iran was behind an ambitious effort to sow election discord.

Persons: ”, John Hultquist, Donald Trump, ” Max Lesser, we’ve, IRGC, desecraters Organizations: Google’s Threat Intelligence Group, United Nations, Foundation for Defense of Democracies, NBC News, “, Islamic Revolutionary Guard Corps, Department, Trump militia, Google, Haaretz Locations: Iran, U.S, Sweden, Israel, Russia, Tehran, Florida, Swedish

☆ Eagle feathers play a sacred role in powwows. Poachers are exploiting the high demand
▼ + stars: | 2024-10-30 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +8 min

Golden eagle feet recovered by law enforcement officers from a Washington state man's vehicle. He said illegal shootings were “absolutely wrong” but sympathized with tribal members who don’t want to wait years for eagle parts. Around his waist was a decorative piece strung with eagle feathers, and he carried a short wooden stick carved into a bald eagle head, a single feather hanging from it. Online posts from people selling eagle feathers illegally are relatively easy to find on internet marketplaces. Most dead eagles, parts and feathers received by tribal members come from the wildlife service’s National Eagle Repository.

Persons: —, AP Perry Lilley, they’re, it’s, That’s, ”, Ed Grace, “, Kenneth Deputee, Bill Voelker, ’, Grace, ” Grace, Voelker, Lilley Organizations: Montana Indian, U.S, Attorney, District of, AP, Fish, Wildlife Service, Prosecutors, U.S . West, Eagles Locations: Mont, —, poisonings, Montana, Washington, U.S, District of Montana, Nakota, Colorado, powwows, Billings, Crow, Kootenai, Dakota, Iowa , Montana , Nebraska, Wyoming, U.S ., Oklahoma, Denver

☆ UK budget: Britain targets the wealthy as it hikes taxes by $52 billion
▼ + stars: | 2024-10-30 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

“Today, I am restoring stability to our public finances and rebuilding our public services,” Reeves said, arguing that the now-opposition Conservative Party had “failed” Britain, including by inadequately budgeting for required government spending. A black hole in the public finances. Public services on their knees. The government will instead introduce a new tax system for such individuals, raising £12.7 billion ($16.5 billion) over the next five years. The tax hike will eventually raise £25 billion ($33 billion) per year.

Persons: Rachel Reeves, ” Reeves, “, Reeves, Jeremy Hunt’s, Hunt Organizations: London CNN, Labour, Conservative Party, National Health Service, Labour Party, ’ National Insurance Locations: United Kingdom, “, Britain

☆ Arnold Schwarzenegger says he’s voting for Harris
▼ + stars: | 2024-10-30 | by ( Shania Shelton | Jack Forrest | ) edition.cnn.com time to read: +4 min

CNN —Arnold Schwarzenegger, the former Republican governor of California, said Wednesday he will be voting for Vice President Kamala Harris and Gov. That’s why, this week, I am voting for Kamala Harris and Tim Walz,” Schwarzenegger said in a post on X. Following the January 6, 2021, insurrection, Schwarzenegger said Trump would be remembered as the worst president in US history and urged unity among Americans. The feud between the two stretches back to Trump’s first term, after Schwarzenegger took over the former president’s prized show, “The Celebrity Apprentice,” in 2015. Trump mocked the show, titled “The New Celebrity Apprentice,” for low ratings in 2017, and Schwarzenegger responded: “Hey Donald, I have a great idea.

Persons: CNN — Arnold Schwarzenegger, Kamala Harris, Tim Walz, “, ” Schwarzenegger, Donald Trump, Trump, Schwarzenegger, CNN’s Dana Bash, ”, Bash, Hey Donald, Harris, Walz, ” Buzz Aldrin, Edwin “ Buzz ” Aldrin, Aldrin, Trump’s, Elon, Donald J, CNN’s Sandra Gonzalez Organizations: CNN, Republican, Gov, GOP, Republicans, Trump Administration, Trump, Space Force Locations: California, America, American, Arizona

Legal experts say an attempt to overturn the 2024 election results would be more difficult than in 2020. And a lost Chopin waltz is discovered after 200 years. Legal experts say those changes would make another attempt to overturn the result of the election much more difficult and unlikely. If Trump attempted to overturn the election result in Congress, he’d be up against the bipartisan Electoral Count Reform Act. This election season, voters said they are disillusioned by both major parties, especially over the handling of the war in Gaza.

Persons: Andrea Mitchell, Antony Blinken’s, Chopin, Donald Trump, Trump, he’d, Matthew Sanderson, Kamala Harris, JD Vance, hadn’t, Tony Hinchcliffe, ”, Hinchcliffe —, ➡️ Elon Musk, Harris, ➡️ Jeff Bezos, “, WaPo, ➡️, Democratic Sen, Bob Casey of Pennsylvania, Isaac Herzog, Antony Blinken, Nathan Howard, Benjamin Netanyahu, Yahya Sinwar’s, Blinken, Brittany Randall, Kamberlyn Bowler, ” Randall, Freddie Freeman, Jay Johnston, Bob’s, Helene, Milton, Matthew Perry’s, Suzaenne Perry, Mustafa Hussain, Vanessa Leroy, — Zara Katz, Brooks, Jolie, Elizabeth Robinson Organizations: NBC, Trump, Count, Washington , D.C, Trump’s New, PAC, The Washington Post, Democratic, ➡️ Authorities, Getty, U.S, United Nations, West Bank ., CDC, Los Angeles Dodgers, New York Yankees, JPMorgan, Cuban, NBC News, American, RNC, Ninja Locations: Washington ,, Georgia, Trump’s New York City, Puerto Rico, Michigan, Portland , Oregon, Vancouver , Washington, Iran, Tel Aviv, AFP, Israel, Washington, Gaza, Lebanon, Beirut, U.S, Junction , Colorado, “, Dearborn , Michigan, Dearborn, Detroit

Washington had pressed its ally in the hopes of ending the cycle of attacks and avoiding escalation into a wider war. Blinken said the U.S. is tracking the aid deliveries very carefully and “absolutely essential” that Israel comply. "Israel has achieved most of its strategic objectives when it comes to Gaza,” Blinken said in Tel Aviv. (It also signed off on $9.5 billion in humanitarian aid for Gaza, as well as the conflict zones of Ukraine and Sudan.) But far-fetched as it might seem, it came up during Blinken’s meeting with the Saudi crown prince during this trip.

Persons: Antony Blinken, Benjamin Netanyahu, it’d, Yahya Sinwar, Isaac Herzog, Nathan Howard, Amos Hochstein, Donald Trump, Netanyahu —, Netanyahu, Blinken, Israel, ” Blinken, “ It’s, Ibrahim Fakhroo, Sinwar, William Burns, Khalil al, “, Saudi Crown Prince Mohammed bin Salman, Joe Biden, Ayman Safadi, we’ve, ” It’s Organizations: State Department, Getty, Israel, Hamas, Trump, Qatar's Ministry of Foreign, CIA, Qatari, Senior, Palestinian Authority, Saudi Crown, U.S, U.S . Locations: United States, Israel, Iran, Washington, Gaza, Egypt, Lebanon, Blinken, Tel Aviv, AFP, U.S, Beirut, Saudi Arabia, Doha, Qatar, Riyadh, Ukraine, Sudan, Saudi, Palestinian, Jordanian, London

☆ Russia, China and Cuba amplified falsehoods about recent hurricanes, U.S. official says
▼ + stars: | 2024-10-28 | by ( Dan De Luce | Dan De Luce Is A Reporter For The Nbc News Investigative Unit. | ) www.nbcnews.com time to read: +2 min

A post on Oct. 9 falsely claimed the U.S. federal government was denying disaster relief funds to Americans. Influencers linked to China have also seized on divisive material about Hurricanes Helene and Milton, claiming without evidence on social media that “U.S. spending on foreign conflicts had undermined support for disaster victims,” the U.S. official said. The revelations from the U.S. official follow recently released research from the London-based Institute for Strategic Dialogue, which tracks disinformation and online extremism. Local, state and federal officials have struggled to counter a wave of disinformation about the hurricanes and their aftermath, including baseless conspiracy theories about weather modification and false claims about disaster relief efforts.

Persons: ”, Milton, Kamala Harris, Hurricane Milton, Eva Marie Uzcategui Organizations: Cuban, U.S, Disney, Hurricanes, The Washington, Getty, U.S ., Strategic, Ukraine, Local Locations: United States, Florida, China, Ukraine, Israel, Taiwan, Sarasota , Fla, Cuba, Moscow, Beijing, London, Russian

As Election Day approaches, former President Donald Trump has increasingly been warning that if he loses, it will be because of cheating. That’s all they want to do is cheat,” Trump said of Democrats during a rally this month in Juneau, Wisconsin. “They’re actually using it to cheat,” Trump said on the Los Angeles radio station KFI AM 640 on Oct. 8. “They have early voting, late voting, everything is so ridiculous,” Trump said onstage in Palm Beach, Florida, in July. And that’s what we’re striving for.”But Trump has also spoken favorably of early voting, usually in more choreographed settings.

Persons: Donald Trump, “ They’re, ” Trump, “, We’re, Michael Whatley, they’re, Trump, we’re, we’ll, “ We’re, ” Harris, ”, I’d, it’s, Sid Rosenberg, Marc Elias, Joe Biden —, Jesus, Phil McGraw, Trump’s, Sen, JD Vance, Elon Musk, ” Musk, Vance, ” Vance, Michael, Whatley, Hurricane Helene, Harris Organizations: Republican National, Democratic, NBC, Trump, NBC News, United States Capitol, Milwaukee Journal Sentinel, Los, KFI, “, RNC, Biden, Republican Locations: Juneau , Wisconsin, Greenville , North Carolina, Prairie du Chien , Wisconsin, ”, Los Angeles, California, Ohio, Butler , Pennsylvania, Swannanoa , North Carolina, Palm Beach , Florida, Florida, North Carolina

☆ Trump loyalists spew racist, vulgar attacks at Harris and Democrats at New York City rally
▼ + stars: | 2024-10-27 | by ( Gregory Krieg | ) edition.cnn.com time to read: +4 min

CNN —Donald Trump’s rally at Madison Square Garden in New York on Sunday began with a series of profane attacks on Kamala Harris, Hillary Clinton, other Democratic leaders, Puerto Rico and migrants sheltering in the city. “I think it’s called Puerto Rico.”The line was well-received by Trump supporters who filled Madison Square Garden in Midtown Manhattan. Harris’ campaign seized on the attacks on Puerto Rico, quickly clipping the video and posting it on social media channels. The vice president on Sunday visited a Puerto Rican restaurant in North Philadelphia, where she discussed her vision for the island along with plans to lower costs and create opportunity in Puerto Rican communities on the mainland. Puerto Ricans are amazing people and amazing Americans!”Hinchcliffe, also on social media, addressed the furor, saying that his critics “have no sense of humor.”“I love Puerto Rico and vacation there.

Persons: Donald Trump’s, Kamala Harris, Hillary Clinton, Harris, ”, Tony Hinchcliffe, “, Trump, ” Hinchcliffe, Harris ’, Bad Bunny, Hinchcliffe, Republican Sen, Rick Scott of Florida, …, Tucker Carlson, Carlson, David Rem, ” Rem wailed, Sid Rosenberg —, Don Imus, —, Clinton, ” Rosenberg, New York City –, illegals Organizations: CNN, Madison, Sunday, Democratic, Local Trump loyalists, Republican, Puerto Rico –, Puerto Ricans, Trump, US, Puerto Rico, Fox News, Malaysian, WFAN, – Locations: New York, Puerto Rico, Local, Puerto Rican, Puerto, Pennsylvania, Madison, Midtown Manhattan, North Philadelphia, California, New York City, Central Park

☆ Alleging ‘Russian special operation,’ Georgian president calls for protests over disputed election
▼ + stars: | 2024-10-27 | by ( Jill Dougherty | ) edition.cnn.com time to read: +4 min

Ivanishvili had vowed to ban the opposition if his party won the election, and his opponents are taking him at his word. On Saturday, as Georgians cast their ballots, thousands of Georgian and international election observers fanned out to voting precincts across the country, from urban centers to poor, remote villages in the Caucasus mountains, trying to evaluate whether the vote was free and fair. Throughout election day, video of violations, some of them egregious, like a man boldly jamming ballots into a ballot box, spread quickly. “She is on the right side of history,” said opposition politician Nika Gvaramia. The illiberal leader has found common cause with Georgia’s ruling party and was the first international leader to congratulate them after the election – even before the votes were officially tallied.

Persons: Georgia CNN —, Salome Zourabichvili, “, Georgia …, ”, oligarch Bidzina Ivanishvili, Ivanishvili, ISFED, John Shimkus, Margareta Cederfelt, Zourabichvili, Nika Gvaramia, Elene Khoshtaria, isn’t, Viktor Orban Organizations: Georgia CNN, Georgian, International Republican Institute, National Democratic Institute, International Society for Fair Elections, Democracy, “ Coalition Locations: Tbilisi, Georgia, Georgian, Russian, “, Gvaramia, Russia, ” Moscow, Hungarian

☆ At least 126 dead and missing in massive flooding and landslides in Philippines
▼ + stars: | 2024-10-26 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +1 min

TALISAY, Philippines — The number of dead and missing in massive flooding and landslides wrought by Tropical Storm Trami in the Philippines has reached nearly 130 and the president said Saturday that many areas remained isolated with people in need of rescue. Trami blew away from the northwestern Philippines on Friday, leaving at least 85 people dead and 41 others missing in one of the Southeast Asian archipelago’s deadliest and most destructive storms so far this year, the government’s disaster-response agency said. A relief operation at a flooded area in Naga, Philippines, on Friday. A father, who was waiting for word on his missing 14-year-old daughter, wept as rescuers placed the remains in a black body bag. Distraught, he followed police officers, who carried the body bag down a mud-strewn village alley to a police van when one weeping resident approaching him to express her sympathies.

Persons: Trami, Zalrian Sayat Locations: Philippines, Naga, AFP, Talisay, Batangas, Saturday, Talisay’s Sampaloc

“If the North Koreans are actually sending troops to fight with the Russians, then clearly the level of Russian willingness to support North Korea, to help defend North Korea, is going to be equivalent,” he told NBC News in an interview Thursday. “And that really, in many ways, supplants China as North Korea’s most important protector.”Ukraine says 12,000 North Korean troops in Russia, could join fight starting SundayThe U.S. and its ally South Korea say 3,000 North Korean troops have been deployed to Russia, with the total expected to reach 12,000. Ukrainian President Volodymyr Zelenskyy said Friday in a post on X that the first North Korean soldiers were expected to be deployed in combat zones as early as Sunday. The entry of North Korean troops into the Ukraine war could also lead to even further escalation of the conflict. “I think that the North Korea move is a big part of that, frankly,” Bremmer said.

Persons: Kim Jong, Vladimir Putin, Kim Jong Un, ”, Ian Bremmer, Volodymyr Zelenskyy, Kim, Putin didn’t, We’ll, “, Kim Yong, Lloyd Austin, Bremmer, Xi Jinping, ” Bremmer, Lin Jian, Wang Yi, Xi, Putin Organizations: U.S, North, Getty, Eurasia Group, NBC News, Korean, Ukrainian Defense Ministry’s, Directorate of Intelligence, Ukrainian, Centre, Strategic Communication, Security, Putin, United Nations, South Korean Defense, U.S ., South Korea’s National Intelligence Service, South Korean National Intelligence Service, AFP, Foreign Ministry, Foreign, Kremlin Locations: HONG KONG — North, Ukraine, Washington, Korea, Russia, China, Pyongyang, Beijing, New York, Koreans, North Korea, North, ” Ukraine, South Korea, Vietnam, Russian, Kursk, Russia’s Far, Kazan, U.S, Korean, Washington . South, Moscow, North Korean, Japan

☆ Fact check: How Trump’s TV ads deceive viewers with misleadingly edited quotes
▼ + stars: | 2024-10-25 | by ( Daniel Dale | ) edition.cnn.com time to read: +7 min

Washington CNN —Former President Donald Trump’s late-campaign television ads are littered with deceptively edited and misleadingly described quotations. Multiple Trump ads omit critical words from quotes by and about Vice President Kamala Harris on the subject of tax policy. One Trump ad misleadingly depicts comments about fracking from Trump’s campaign and administration as if they were comments from independent news organizations. Tactic: Cutting out key wordsOne Trump ad deletes critical words from two separate quotes on Harris’ tax policies. Those ads feature on-screen text saying “Harris would raise taxes,” attributing those words to a CBS News article.

Persons: Donald Trump’s, Kamala Harris, Trump, Harris, Karoline Leavitt, ”, —, “ Harris, Joe Biden, Harris –, Dan Brouillette, “, Biden, can’t, “ Biden, ’ Organizations: Washington CNN, Trump, Biden, Customs, “, AdImpact, New York Times, Times, CBS, Reuters, E, Energy, Welfare, illegals, NBC, Newsweek, Customs Enforcement, CNN, ICE Locations: Pennsylvania, Michigan

☆ Americans are feeling better about the economy after the Fed’s jumbo rate cut
▼ + stars: | 2024-10-25 | by ( Bryan Mena | ) edition.cnn.com time to read: +2 min

Washington CNN —Americans’ attitudes toward the economy improved this month thanks to lower interest rates. Americans’ expectations for inflation rates in the long run also edged lower this month. “This month’s increase was primarily due to modest improvements in buying conditions for durables, in part due to easing interest rates,” Joanne Hsu, director of the university’s Surveys of Consumers, said in a release. The Federal Reserve last month cut interest rates for the first time in more than four years, by a bold half point, in part thanks to inflation coming under control. Lower borrowing costs make it cheaper for American shoppers to buy durable goods such as appliances, cars and furniture, which are usually bought on credit.

Persons: ” Joanne Hsu, haven’t, ” Robert Frick, Donald Trump Organizations: Washington CNN, University of Michigan’s, Consumers, Federal Reserve, Navy Federal Credit Union, University of Michigan

☆ More than 130 Israeli reservists sign letter refusing to fight in Gaza and Lebanon
▼ + stars: | 2024-10-25 | by ( Zeena Saifi | ) edition.cnn.com time to read: +9 min

Since then, he has spent more than 230 days serving with the Israeli military in Gaza. Max Kresch served on Israel’s border with Lebanon for 66 days after October 7. Max Kresch served for nearly 70 days on the Israel-Lebanon border and feels like the Israeli government has betrayed his trust throughout the war. Like Kresch and Vilk, he believed it was necessary to fight Hamas on October 7, but to what end? Back in May, more than 40 reservists signed a letter after Israeli forces invaded the southern Gazan city of Rafah.

Persons: CNN —, Yotam Vilk wasn’t, –, “, ”, Benjamin Netanyahu, Yoav Gallant, he’d, Netanyahu, Vilk, Max Kresch, Kresch, he’s, ” Israel’s, Itamar Ben Gvir, Ben Gvir, ” Kresch, ‘, “ We’re, haven’t, Miri Regev, …, ” Vilk, wasn’t Organizations: CNN, West Bank, National, Hezbollah, Transportation, Kann, refusals Locations: Israel, Gaza, Lebanon, Lebanese, Jerusalem, Iran, Gazan, Rafah, United States

The record shows that Mr. Trump often pursues his stated goals, regardless of how plainly they lack legal or moral grounding. For this reason, Americans would be wise to see this language as a genuine threat, not simply Mr. Trump on a tangent. Why You Should Believe Him As president, Mr. Trump repeatedly sought to use the power of government to punish his political opponents. But rules can be rewritten, and Mr. Trump has made clear that he intends to pick officials who will take orders from the Oval Office. Mr. Trump would have broad authority to pursue such a plan, though he’d need Congress to provide a lot of money.

Persons: Donald Trump, Will, Trump, supplicants, ”, Newsmax, Joe Biden, Hillary Clinton, John Kerry, James Comey, Andrew McCabe, Comey’s, Trump’s, Biden, Kamala Harris, Stephen Miller, Jan, Mark Esper, Esper, “, shoplifters, Mark Milley, John Kelly, James Mattis, Gavin, we’re, Gavin Newsom, Hurricane Maria, Hurricane Michael, Mr, Ron DeSantis, Mark Harvey Organizations: U.S, Department, National Guard, Justice Department, Mr, NPR, Fox, Capitol, American, —, Joint Chiefs of Staff, Joint Chiefs, Associated Press, Democratic, Puerto Rico, Florida Panhandle, National Security Council, Politico, Trump, Congress Locations: smithereens, America, New York, Ukraine, Arizona, United States, Erie, Pa, Iran, North Carolina, Coachella, California, Florida, Hurricane, Orange County, Calif, Iowa, Richmond , Va, South Carolina, Russia

☆ Here’s why mortgage rates are rising after the Fed’s rate cut
▼ + stars: | 2024-10-24 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Expectations of a Fed rate cut caused mortgage rates to drop to a two-year low of 6.08% in late September, but it failed to spur homebuying activity. Every percentage point on a mortgage rate makes a big difference for that monthly payment. Here’s what’s driving the recent upswing in mortgage rates. Mortgage rates track the 10-year US Treasury yield, which was expected to fall in anticipation of further rate cuts. “I am clearly not going to own any fixed income.”The government’s fiscal situation might already be having an impact on mortgage rates.

Persons: Freddie Mac, pare, what’s, ” Sam Khater, Freddie Mac’s, Robyn Beck, Donald Trump, Kamala Harris, Harris, “ We’re, Paul Tudor Jones, “, ” Lawrence Yun, Kimberly Bradley, Zach, Kimberly, “ I’ve, ” Kimberly, ” Ken Lowrey, Ken Lowrey, “ homeownership, ”, Lowrey Organizations: Washington CNN, Federal Reserve, National Association of Realtors, Mortgage, Association, Treasury, Getty, Federal Budget, Trump, CNBC, US Postal Service Locations: AFP, Manteo , North Carolina, Charleston , South Carolina

☆ Tropical Storm Trami brings severe flooding and landslides to the Philippines, at least two dozen dead
▼ + stars: | 2024-10-24 | by ( Story The Associated Press | ) edition.cnn.com time to read: +3 min

Manila, Philippines AP —Widespread flooding and landslides set off by a tropical storm in the northeastern Philippines on Thursday left at least 24 people dead, swept away cars and prompted authorities to scramble for motorboats to rescue trapped villagers, some on roofs. The government shut down schools and offices – except those urgently needed for disaster response – for the second day on the entire main island of Luzon to protect millions of people after Tropical Storm Trami slammed into the country’s northeastern province of Isabela after midnight. A resident swims despite the strong waves caused by Tropical Storm Trami in Manila, Philippines, on October 23, 2024. Aaron Favila/APTrucks are stranded along a flooded highway in Nabua town, Camarines Sur province, south of Manila, Philippines, on October 23, 2024. In 2013, Typhoon Haiyan, one of the strongest recorded tropical cyclones in the world, left more than 7,300 people dead or missing and flattened entire villages.

Persons: Storm Trami, Kristine, Aaron Favila, Charism Sayat, Trami, Andre Dizon, Dizon, ” Dizon, Haiyan Organizations: Philippines AP, China, Getty, Tropical, Associated Press Locations: Manila, Philippines, Luzon, Isabela, Aguinaldo, Ifugao, Bicol, Quezon province, Nabua, Camarines Sur province, AFP, Guinobatan, Albay, Naga, mudflows, Mayon

☆ King Charles and Keir Starmer brace for reparations debate at Commonwealth summit
▼ + stars: | 2024-10-24 | by ( Rob Picheta | Lauren Said-Moorhouse | ) edition.cnn.com time to read: +4 min

London CNN —Britain’s government and King Charles III are bracing for a heated conversation about reparations for the transatlantic slave trade, as the issue looks set to overshadow a summit of Commonwealth leaders in Samoa. UK Prime Minister Keir Starmer told reporters on his journey to the Pacific island nation: “I think we should be facing forward. Successive British governments have resisted calls to formally apologize for the slave trade, or to entertain the prospect of reparations. Britain's Prime Minister Keir Starmer speaks with his Australian counterpart, Anthony Albanese, at a state banquet opening the summit on Thursday. Also in attendance in Samoa is King Charles III, who arrived in the capital of Apia on Wednesday from Australia, and will formally open the summit as head of the organization.

Persons: London CNN —, King Charles III, Keir Starmer, “ I’ve, Patrick Robinson, Anthony Albanese, Stefan Rousseau, Charles, ”, Queen Elizabeth II, Prince William, King Charles Organizations: London CNN, UK, National Archives, Brattle Group, University of West, Court, Britain's, Commonwealth, Reuters Locations: Commonwealth, Samoa, Pacific, Historic England, Caribbean, University of West Indies, Britain, Apia, Australia, British, Kenya, ’, Rwanda, Jamaica

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