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AITOU, Lebanon — The scene of carnage in northern Lebanon showed heartbreaking snippets of everyday family life. Illy Edwan, whose villa in Aitou, Lebanon, was destroyed in the blast. Pages from a children’s book are strewn across the wreckage following an Israeli strike in Aitou, northern Lebanon, on Tuesday. More than 2,300 people, including 127 children, have been killed in Lebanon since the Oct. 7 attack and an estimated 1.2 million have been displaced, according to Lebanese officials. If they can’t, they will remain in Lebanon.”Emergency responders move a body bag following an Israeli strike in Aitou, Lebanon, on Tuesday.

Persons: Israel, Illy Edwan, “, Ziad Jaber, Edwan, ” Jeremy Laurence, Benjamin Netanyahu, ”, Rema Jamous, Mohamed Youssef, Nermin Khair, Sandy, Bashar Hanouf, he’ll, ” Matt Bradley, Alexander Smith Organizations: NBC News, NBC, Israel Defense Forces, ”, United Nations, Hamas, Palestinian, Israel Locations: AITOU, Lebanon, Lebanese, Aitou, Beirut, ”, Israel, Gaza, Middle East, Tripoli, Turkish, Mersin, Nermin, London

☆ Mark Zuckerberg and Jensen Huang's combined wealth gains this year equate to the 7th richest person in the world
▼ + stars: | 2024-10-18 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Mark Zuckerberg and Jensen Huang have collectively gained $150 billion this year. AdvertisementMark Zuckerberg and Jensen Huang have collectively grown over $150 billion richer this year, a figure that exceeds Warren Buffett's net worth. Huang, the CEO and cofounder of Nvidia, has gained $75.6 billion in net worth this year, second only to Zuckerberg. AdvertisementThe two tech titans have gained a combined $152 billion this year, which alone would make them the 7th richest person on earth. Zuckerberg and Huang's joint wealth has jumped to $324 billion —more than Coca-Cola ($301 billion) or Netflix ($295 billion) were worth at the end of Thursday trading.

Persons: Mark Zuckerberg, Jensen Huang, —, Warren, Zuckerberg, Elon Musk, Jeff Bezos, Huang, rade, Nvidia's microchips Organizations: Nvidia, Netflix, Service, Meta, Bloomberg, Amazon, Investors

☆ This tiny country is giving $2,000 to every household as an Exxon oil boom supercharges its economy
▼ + stars: | 2024-10-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Guyana, the tiny South American nation, is giving $2,000 to every household in the country. AdvertisementThe world's fastest-growing economy is handing the equivalent of $2,000 to every household as it works to share its newfound oil wealth and soften the sting of higher living costs. Its oil fund held over $1.7 trillion of assets at the end of June, or more than $300,000 per Norwegian citizen. Sharing the wealthGuyana's $2,000 payment to households "sounds like great news," Karl Widerquist, a philosophy professor at Georgetown University-Qatar and the author of several books about universal basic income (UBI) told BI. Guyana's one-off, unconditional cash grant is a "positive step," Cleo Goodman, the basic income lead at the Autonomy Institute think tank, told BI.

Persons: —, Mohamed Irfaan Ali of, Ali, They've, Nicolas Suarez, Suarez, Karl Widerquist, Cleo Goodman Organizations: Service, Department, Public, Guyanese, P Global Market Intelligence, Resource Fund, Bank, Exxon, Guyana ramped, Monetary Fund, Georgetown University, Qatar, Autonomy Institute Locations: Guyana, Mohamed Irfaan Ali of Guyana, America, Riding, Britain, Venezuela, Brazil, Suriname, Netherlands

☆ Expedia stock jumps on report that Uber explored a takeover of the travel platform
▼ + stars: | 2024-10-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Expedia stock climbed 8% while Uber stock fell more than 3% in premarket trading on Thursday. Uber spoke with advisors about a potential takeover in recent months, The Financial Times reported. AdvertisementExpedia stock jumped as much as 8% in Thursday's premarket, while Uber tumbled more than 3% following a report the ride-hailing giant recently explored a takeover of the travel group. A third party raised the idea of buying Expedia to Uber, sources told the FT, adding that merger talks were nascent and a deal might not materialize. One source told the newspaper that Uber hasn't formally approached Expedia, and there were no ongoing discussions between the two companies.

Persons: Uber, —, Expedia, Uber hasn't, Dara Khosrowshahi Organizations: Financial Times, Service Locations: Thursday's premarket

☆ Bank bosses aren't worried about lower interest rates — and even see some upside
▼ + stars: | 2024-10-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Wall Street's biggest banks face a less profitable lending environment as interest rates fall. Bank bosses shrugged off those concerns this week and pointed to several benefits of lower rates. AdvertisementLending threatens to become far less lucrative for Wall Street's biggest banks as interest rates fall. But he said the Fed's jumbo rate cut might have sparked more activity in debt capital markets recently. AdvertisementCEO David Solomon said the Fed's first rate cut has raised hopes of avoiding a US recession, which could translate into more economic activity.

Persons: shrugged, —, Alistair Borthwick, Banks, Jane Fraser, Fraser, Mark Mason, Wells, Charles Scharf, Wells Fargo, Morgan Stanley, Sharon Leshaya, Citi's Fraser, Jeremy Barnum, Barnum, Goldman Sachs, David Solomon, BoA, Goldman Organizations: Bank, Service, Wall, Federal Reserve, Bank of America, Citigroup, Citi Locations: refi

☆ Goldman Sachs beats Wall Street forecasts as investment-banking fees surge 20%
▼ + stars: | 2024-10-15 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Goldman Sachs reported third-quarter earnings on Tuesday that beat analysts' expectations. The investment bank posted $12.7 billion of revenue and almost $3 billion of net earnings. AdvertisementGoldman Sachs reported third-quarter earnings on Tuesday that beat Wall Street's expectations, sending its stock up as much as 3% in premarket trading. It also cut its operating expenses by 8%, fueling a 45% surge in net income to $2.99 billion. The fee bonanza reflected a sharp increase in net revenues from debt underwriting amid strong leveraged finance and investment-grade activity, and higher net revenues in equity underwriting driven by secondary offerings.

Persons: Goldman Sachs, —, David Solomon, Solomon, Brian Moynihan Organizations: Service, Barclays, General Motors, Bank of America's, Bank of America

☆ Soft landing is 'most likely' outcome, says Allianz' Mohamed El-Erian
▼ + stars: | 2024-10-15 | 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 EmailSoft landing is 'most likely' outcome, says Allianz' Mohamed El-ErianMohamed El-Erian, Allianz chief economic advisor, joins 'Closing Bell Overtime' to talk the market, the state of the U.S. economy, crude oil's pullback and more.

Persons: Mohamed El, Erian Mohamed El Organizations: Allianz, Erian Locations: U.S

☆ A second Sphere venue announced, this one for Abu Dhabi
▼ + stars: | 2024-10-15 | by ( Marnie Hunter | ) edition.cnn.com time to read: +2 min

Abu Dhabi is set to become the next location to showcase multimedia entertainment in the unique spherical structure, the Sphere Entertainment Co. and Abu Dhabi tourism officials announced on Tuesday. The planned venue aligns with the capital of the United Arab Emirates’ Tourism Strategy 2030 aimed at “further establishing Abu Dhabi as a vibrant hub for culture and innovation,” said H.E. Mohamed Khalifa Al Mubarak, chairman of the Department of Culture and Tourism Abu Dhabi, in a news release. The partnership for the second installment, between Abu Dhabi tourism officials and Sphere Entertainment, is “subject to finalization of definitive agreements,” the news release said. It would involve a “franchise initiation fee” paid to Sphere Entertainment for the right to build the venue.

Persons: ”, Mohamed Khalifa Al Mubarak, we’re, ” Al Mubarak, CNN’s Brandon Griggs Organizations: CNN, Sphere Entertainment, United, Department of Culture, Abu Dhabi’s Department of Culture, Tourism Locations: Abu Dhabi, United Arab Emirates, Tourism Abu Dhabi, Las Vegas, Vegas

☆ Global government borrowing is set to top $100 trillion — and shows no signs of slowing down
▼ + stars: | 2024-10-15 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Global government borrowing is set to hit $100 trillion this year, the International Monetary Fund said. In a report, it warned mushrooming public debt raises the chances of a "broader financial crisis." AdvertisementGlobal public debt is on track to surpass $100 trillion this year for the first time — and the increase threatens a wider financial crisis, the International Monetary Fund warned. The IMF also warned of a "severely adverse scenario," in which global debt could balloon to 115% of global GDP by 2026 because of "weaker growth, tighter financing conditions, fiscal slippages, and greater economic and policy uncertainty." The debt looks set to grow further with both presidential candidates, Kamala Harris and Donald Trump, pledging to spend big if they enter the White House.

Persons: —, Kamala Harris, Donald Trump, Harris, Trump Organizations: International Monetary Fund, Service, IMF, Treasury, Social Security Locations: China, United States, Israel, Ukraine

☆ Prices in China are stagnating, putting more pressure on Beijing to jump-start the economy
▼ + stars: | 2024-10-14 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Fresh signs of deflation in China are stoking demand for national stimulus to revive the economy. China's headwinds include a burst property bubble, high youth unemployment, and threats to exports. AdvertisementChinese officials are under mounting pressure to stimulate the economy after official price data released Sunday stoked fresh deflation fears. That was below the consensus estimate of 0.6%, which would have matched the rate of price growth in August. But both agree that China needs stimulus to overcome the deepening property crisis and fight deflation."

Persons: —, Goldman Sachs, Xi Jinping, Ipek Organizations: Service, Big Tech, Bloomberg, Swissquote Bank Locations: China

☆ Media mogul Barry Diller slams fellow billionaires who back Trump for economic reasons: they 'don't need another nickel'
▼ + stars: | 2024-10-14 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Barry Diller called out ultrarich Americans who support Trump for economic reasons. The IAC chairman said those people were ignoring Trump's character flaws in pursuit of financial gain. Both Trump and Harris have pitched tax breaks ahead of this year's presidential election. AdvertisementBarry Diller criticized other ultrawealthy Americans for backing former president Donald Trump for economic reasons when they don't need any more money. The CRFB study found that Harris' policy proposals would add $3.5 trillion to the deficit.

Persons: Barry Diller, Harris, —, Donald Trump, Diller, who's, He's, Kamala Harris, Michael Wolff, Andrew Ross Sorkin, Trump, John Paulson, Paulson, didn't, Trump's Organizations: Trump, IAC, Service, Paramount Pictures, Century Fox, USA Networks, Democratic, Business, Social Security, Budget Locations: New York City

☆ Warren Buffett's company website looks like a relic from the 1990s — but that's on purpose
▼ + stars: | 2024-10-13 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Warren Buffett is the billionaire boss of one of America's biggest companies. Yet Berkshire Hathaway's website looks like it was built in the 1990s and hasn't been updated since. Yet you could never guess that from its website, which looks like a relic from the early days of the internet. Business InsiderFrankly, the website looks like a teenager slapped it together in the 1990s, and hasn't returned since. "Warren Buffett is demonstrating how he minimizes cost at Berkshire.

Persons: Warren Buffett, hasn't, —, Buffett, Lawrence Cunningham, who's, Johannes Eisele, Chris Bloomstran, Semper Augustus, Bloomstran, Warren, Darren Pollock, Pollock, it's, David Kass, University of Maryland who's Organizations: Berkshire Hathaway's, Service, Berkshire Hathaway, Activision Blizzard, University of Delaware's, Corporate, Getty, Berkshire, BNSF Railway, Omaha HQ, Semper Augustus Investments, Cheviot Value Management, University of Maryland Locations: Berkshire, frugality, Omaha, McDonald's, Omaha , Nebraska, AFP, Nebraska

☆ Ruth Chepngetich smashes women’s marathon world record in Chicago
▼ + stars: | 2024-10-13 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Kenya’s Ruth Chepngetich obliterated the women’s marathon world record in Chicago on Sunday as she completed the course in 2:09:56, becoming the first ever woman to break the 2:10 barrier. Chepngetich shaved almost two minutes off the previous world record of 2:11:53, which was set by Ethiopia’s Tigist Assefa in September 2023, and secured her third ever race win in Chicago. Her new world record is still subject to the usual ratification procedure, according to World Athletics. “I fought a lot, thinking about the world record. The world record has come back to Kenya, and I dedicate this world record to Kelvin Kiptum,” she added, referencing her compatriot who set the men’s world record in Chicago last year and died in a road accident aged 24 in February.

Persons: CNN — Kenya’s Ruth Chepngetich, Ethiopia’s Tigist Assefa, “, ”, Kelvin Kiptum, Chepngetich, Ruth Chepngetich, Michael Reaves, Asefa, Kebede, Kenya’s John Koriri, Ethiopia’s Huseydin Mohamed Esa, Kenya’s Amos Kipruto, Switzerland’s Marcel Hug, Catherine Debrunner Organizations: CNN, Athletics, Kenyan Locations: Chicago, Kenya

☆ JPMorgan beats on earnings — but Jamie Dimon sounds the alarm on global threats
▼ + stars: | 2024-10-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

JPMorgan reported third-quarter earnings on Friday that beat analysts' expectations. The banking giant increased revenue by 7% and earnings per share by 1%. CEO Jamie Dimon warned of a worsening global environment and lingering threats to the US economy. AdvertisementJPMorgan reported third-quarter earnings on Friday that exceeded Wall Street's expectations, even as CEO Jamie Dimon warned of a dangerous and worsening global backdrop. JPMorgan stock added 1.5% in premarket trading in New York, and has gained almost 24% this year.

Persons: Jamie Dimon, —, Dimon Organizations: JPMorgan, Service Locations: Gaza, New York

☆ Elon Musk's robotaxi launch fails to wow Wall Street — and leaves Tesla analysts with more questions than answers
▼ + stars: | 2024-10-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Tesla's "We, Robot" event left analysts with more questions than answers. Wall Street was broadly disappointed by the lack of detail, and skeptical of Elon Musk's timeframes. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk's "We, Robot" event on Thursday night failed to impress several Wall Street analysts. Here's how Tesla analysts and commentators reacted to the event.

Persons: Elon Musk's, —, Elon Organizations: Elon Musk's timeframes, EV, Service, Investors

☆ Dozens more women allege sex abuse by Mohamed Al Fayed, BBC says
▼ + stars: | 2024-10-10 | by ( Lauren Kent | ) edition.cnn.com time to read: +2 min

London CNN —Sixty-five more women have come forward with abuse allegations against the late billionaire Mohamed Al Fayed, according to the BBC, following the network’s documentary that detailed testimonies of women who said he sexually assaulted and raped them. Among the dozens of women who contacted the BBC with new accounts of abuse, 37 said they had worked at Harrods, the British broadcaster reported. One said she was assaulted when she was 15 and Al Fayed was 79. Harrods acknowledged that Al Fayed was “intent on abusing his power wherever he operated” and apologized to victims in a statement released at the time. “We are utterly appalled by the allegations of abuse perpetrated by Mohamed Al Fayed,” the company said.

Persons: London CNN —, Mohamed Al Fayed, Al Fayed, ”, Al, Fayed Organizations: London CNN, BBC, Dubai –, Harrods, Al Locations: Dubai, London, Harrods, United Kingdom, British, Al Fayed’s, Surrey, England

☆ Hurricanes are becoming more frequent, violent, and costly — plus they're hitting jobs and economic growth
▼ + stars: | 2024-10-10 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Hurricane Milton is battering Florida days after Hurricane Helene wreaked havoc on several states. The two events are the latest sign that hurricanes are becoming more frequent, more ferocious, and more costly. They're also hitting employment and economic growth, at least in the short term. They estimated that a Category 5 storm could lower fourth-quarter annualized GDP growth by 0.14 percentage points, from a forecasted 2.3% to below 2.2%. "Rebuilding should provide a boost to economic activity in those affected regions in subsequent months, and potentially years," Sweet told BI, quoting from his recent note.

Persons: Milton, Hurricane Helene, Helene, They're, Adam Smith, Jefferies, Harvey, Ian, Smith, Michael Mann, Ryan Sweet, Sweet, Mann, Implan Organizations: Service, Hurricanes, National Oceanic, Atmospheric Administration, NOAA, University of Pennsylvania, Oxford Economics, Boeing, Milton, Potsdam Institute, Climate Impact Research Locations: Florida, North Carolina, Milton

☆ Americans living overseas face being taxed twice. Donald Trump wants to change that.
▼ + stars: | 2024-10-10 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Americans living abroad shouldn't owe taxes on the same income in two countries, Donald Trump said. "I support ending the double taxation of overseas Americans," he told The Wall Street Journal. AdvertisementAmericans living abroad shouldn't be taxed twice on the same income by two different countries, Donald Trump said. "I support ending the double taxation of overseas Americans," the former president told The Wall Street Journal in a statement. "Fellow Americans living abroad, your vote is more important than ever," Trump told the Journal.

Persons: Donald Trump, Trump, Kamala Harris, —, He's Organizations: Wall Street, Service, Republican, Social Security, Democratic, Voting Locations: Dubai, Monaco

☆ Nvidia's value soars by $400 billion in 5 days. That's more than Costco is worth.
▼ + stars: | 2024-10-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Nvidia stock climbed 4% on Tuesday, extending its rally to 14% in five days. The chipmaker's market value soared by $400 billion — more than Costco is worth. Its $400 billion increase in value within a week is worth underscoring. Costco, which generated $254 billion of revenue and $7.4 billion of net income last year, is worth less than that. There's been no greater beneficiary than founder and CEO Jensen Huang, whose net worth has ballooned from about $14 billion to $106 billion in under two years.

Persons: Jensen Huang, Blackwell, —, There's, Amancio Ortega, Michael Dell, Huang, Elon Musk, Mark Zuckerberg, OpenAI's Sam Altman, Oracle's Larry Ellison, Microsoft's Satya Nadella, Andy Jassy, Alphabet's Sundar Pichai Organizations: Costco, Nvidia, Service, Microsoft, Apple, Bloomberg, Big Tech

☆ Winnie Greco, longtime NYC mayor's aide and liaison to the Asian American community, has resigned
▼ + stars: | 2024-10-08 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +3 min

A longtime aide to embattled New York City Mayor Eric Adams has stepped down. Winnie Greco, director of the city’s Asian Affairs, resigned to her post on Monday after more than a decade working closely with Adams as a liaison between him, in his different capacities, and the Asian American community. Her resignation comes after Greco and several other Adams aides were raided by the FBI earlier this year. Greco is among several top aides marred in controversies coinciding with the Adams investigation. The home of Abbasova, a liaison to the Turkish community, was raided by authorities last year.

Persons: Eric Adams, Winnie Greco, Adams, Greco, Mohamed Bahi, Bahi, Steven Brill, ”, ” Brill, Greco’s, Rana Abbasova Organizations: New York City, Asian Affairs, American, FBI, City Hall, NBC, mayor’s Community Affairs Unit, NYC City Hall, Agents, NBC News, Brooklyn Borough, International Affairs, Abbasova Locations: New York, ”, NBC New York, Flushing, Queens, Brooklyn, China, Abbasova

☆ Want to get into the AI industry? Head to Abu Dhabi.
▼ + stars: | 2024-10-08 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

The UAE's AI minister believes we'll have "centers and nodes of excellence across the world." Last year, the country's wealthiest emirate, Abu Dhabi, launched Falcon — its first open-source large language model. Abu Dhabi's ruling family also controls several of the world's largest sovereign wealth funds, including the Abu Dhabi Investment Authority and Mubadala Investment Company, a founding partner of MGX. In 2010, New York University launched a branch in Abu Dhabi that has since developed a focus on AI. Its "true strengths lie in the leadership's strategic vision, substantial investments in AI research and compute capacity, and government-led initiatives in industry.

Persons: we'll, —, Omar Sultan Al Olama, Al Olama, Abu Dhabi's, PwC, It's, Mohamed bin, Abu Dhabi, Nancy Gleason, Mohamed Organizations: United, United Arab Emirates, Service, Stanford's Center, Atlantic Council, International Trade Administration, Abu, Abu Dhabi Investment Authority, Mubadala Investment Company, Atlantic, New York University, University of Artificial Intelligence, Intelligence, NYU Abu Locations: United Arab, Silicon Valley, Malta, Paris, United Arab Emirates, UAE, Silicon, Abu Dhabi, United States, China, Dubai, University, Abu, NYU Abu Dhabi

☆ Dior and Gucci owners suffer $14 billion wealth crash as luxury stocks slide
▼ + stars: | 2024-10-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The ultra-rich owners of the world's leading luxury brands took a hit to their fortunes on Tuesday. LVMH shares fell as much as 7% in Paris on Tuesday, slashing the value of his stake by about $13 billion, before paring their decline to 3%. Arnault ranked as the world's fourth-richest person with a $197 billion net worth at Monday's market close, per the Bloomberg Billionaires Index. Pinault was 83rd in the wealth rankings with a $24 billion fortune at Monday's close, down more than $11 billion this year. For example, the Dumas family owes most of its estimated $150 billion fortune to Hermès stock, which slid 3% on Tuesday.

Persons: Bernard Arnault, —, LVMH Moët Hennessy Louis Vuitton, Dior, Arnault, François Pinault, Gucci, Kering, Pinault, Dumas, Johann Rupert's, Cartier, Piaget, Remo Ruffini isn't, Forbes, Chanel isn't, Alain, Gérard Wertheimer, they're Organizations: Service, Bloomberg Locations: LVMH, Paris, China, Monday's

☆ Hezbollah endorses Lebanon ceasefire efforts for the first time as Israel ramps up offensive
▼ + stars: | 2024-10-08 | by ( Abbas Al Lawati | ) edition.cnn.com time to read: +3 min

Lebanon’s Hezbollah began firing at Israel on October 8 last year to show solidarity with Hamas, which had launched an attack on Israel from Gaza a day earlier. Hezbollah had previously stated that it would only cease its attacks on Israel once a ceasefire was reached with Hamas in Gaza. Israel, however, insisted that Hezbollah separate its conflict with Israel from the ongoing war with Hamas. It was Qassem’s second speech since Israel assassinated Hezbollah leader Hassan Nasrallah late last month. Israel has since been conducting limited ground incursions into southern Lebanon targeting Hezbollah, which has continued to fire rockets into northern Israel.

Persons: Nabih, Naim Qassem, Lebanon’s, Qassem, Hassan Nasrallah, Nabih Berri, Abdallah Bou Habib, Nasrallah, Joe Biden, Emmanuel Macron, Biden, isn’t, Mohamed Azakir, Reuters Tzipi, Nasrallah hadn’t, Bou, Kiryat Motzkin Organizations: CNN, Hamas, Hezbollah, Amal, Lebanese, US, UN, Assembly, Reuters, Sky News, Israel, Israel Defense Forces Locations: Lebanon, Gaza, Berri, Israel, Gaza . Israel, Iran, Beirut's, Hadath, Haifa, Kiryat, Kiryat Yam

☆ A recession next year is now even less likely following the blowout jobs report, says Goldman Sachs
▼ + stars: | 2024-10-07 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Friday's knockout jobs report has squashed fears of an imminent recession. Goldman Sachs cut the chances of a recession in the next year to 15%, and other analysts cheered. AdvertisementRecession fears have weighed on Wall Street recently, but Friday's blowout jobs report has assuaged worries of an imminent economic downturn. "Friday's US labor report put paid to US recession fears," Rabobank's research team wrote. The latest jobs report has relieved some concerns about the economy, but also dashed hopes for another jumbo cut in November.

Persons: Goldman Sachs, —, Stocks, Goldman, Saxo, Kamala Harris Organizations: Service, Dow Jones, Labor Statistics, Federal Locations: There's

Some critics have felt Harris has largely abandoned the Muslim and Arab American community. He said he hopes the support from religious leaders will make conflicted Muslim voters feel more comfortable voting for Harris, despite some prominent Muslim voices’ intense opposition to her. “The momentum [for Harris] in the community is growing.”The letter is the latest effort in the push on behalf of the Harris campaign to reach out to those voters after she met with Muslim community leaders in Michigan on Friday. Also last week, the vice president’s national security adviser met with Arab and Muslim community leaders in Washington. “Throughout her career, Vice President Harris has been steadfast in her support of our country’s diverse Muslim community, including ensuring that they can live free from the hateful policies of the Trump administration.”

Persons: Kamala Harris, Harris, Harris “, ”, Donald Trump, “, Jill Stein, Cornel West, Joe Biden’s, Mohamed Elsanousi, ” Elsanousi, Tim Walz, Harris Muslim, ” Nasrina Bargzie, Trump Organizations: NBC News, Democratic, Biden, Trump, Cornel, Israel, Democratic National Convention, Minnesota Gov Locations: Israel, Gaza, Michigan, Lebanon, Amana, Arab, Pennsylvania, Georgia, North Carolina, Washington, Arab American

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