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☆ Jim Cramer names the Wall Street bright spots from a tumultuous third quarter
▼ + stars: | 2024-09-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday looked back at the past three months, picking out positives in a chaotic stretch for the market. He added that the central bank set the stage for a substantial rate cut so they could make the move without sending Wall Street into a panic. The market also broadened out after Big Tech had dominated for months on end, Cramer said. And despite the tumult in the leadup to a divisive presidential election, Wall Street "chose to ignore the drama," he said. "The months of July, August, September gave us some outstanding returns," Cramer said.

Persons: CNBC's Jim Cramer, Cramer, Kamala Harris, Joe Biden, Donald Trump Organizations: Big Tech, Democratic

☆ Bank of America sees strong jobs report Friday reigniting stock rally
▼ + stars: | 2024-09-30 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Another pivotal U.S. jobs report this week will determine the market's direction, and Bank of America strategists think it is likely to push stocks to more record highs. The September jobs report is due Friday, with the economy expected to have added 144,000 jobs, up from 142,000 jobs in August, according to a Dow Jones estimate. It projects payrolls grew by 150,000 in September, with the unemployment rate at 4.2%. For options traders, Bank of America is recommending buying calls on cyclical equities, which currently offer the best value across asset classes. It said options on SPDR S & P Regional Banking ETF (KRE) are the most attractive right now to play the jobs data.

Persons: Dow Jones, payrolls Organizations: Bank of America, Federal Reserve, Regional Banking

☆ America's absurd war on 'organized retail crime'
▼ + stars: | 2024-09-30 | by ( Amy Martyn | ) www.businessinsider.com time to read: +26 min

Organized retail crime "is not shoplifting," the agency says on its website, "and these crimes are not victimless." AdvertisementOne homeless woman in jail who pleaded guilty to felony organized retail theft tells me she steals out of desperation. Gavin Newsom sent $267 million to cities across California to increase arrests of organized retail crime — and the crackdown has escalated dramatically. Even the guy who says he coined the term "organized retail crime" can't say how much is lost to it. Gavin Newsom has provided California cities with $267 million and signed 10 new bills into law to bolster the prosecution of organized retail crime.

Persons: Veronica Lumbreras, Deysi Ramirez, Brooke Jenkins, Lumbreras, Villanueva, Ramirez, Louis Vuitton, Sen, Chuck Grassley, Gavin Newsom, Chanel, ANGELA WEISS, David Johnston, shoplifters, Shalia Brown, she's, Brown, Thomas Riddle, Riddle, Elizabeth Camacho, That's, Jeff Loftin, they're, Eric Risberg, Aziza Graves, Miss Graves, Graves, Jenkins, Maury Povich's, Jeffrey Ross, Ross, there's, Read Hayes, Jeffrey Epstein, San Francisco Bloomingdale's, Alto, Bloomingdale's, Cuauhtemoc Ramirez, Amy Martyn Organizations: San Francisco's Mission, San Francisco Police Department, CVS, Target, National Retail Federation, of Homeland Security, San Francisco Chronicle, Hearst Newspapers, Getty, San Francisco, Walgreens, Retailers, Gov, Patrol, Saks, Retail Federation, Kroger, San, Nvidia, Employees, Hall of Justice, ABC News, Prevention, Body, Alto, Mental Health, Anadolu, Walmart, Safeway Locations: San Francisco's, Arriba Juntos, Villanueva, Bay, Walnut, San Francisco, Hayward, California, Mission, Napa County, America, Los Angeles, San Francisco's County, Oakland, Bath

High risk of natural disaster and extreme heat For two decades, they’ve also been some of the most popular places to move as Americans have flocked to the South and West. Much of Vermont, which is not highlighted as high risk in the maps above, saw devastating flooding last year following a record-breaking storm. Jacksonville Tallahassee Gainesville Daytona Beach Orlando Tampa HIGH HURRICANE WIND RISK Sarasota The Tampa metro area has been one of the fastest growing in the country. Many of these new residents have settled in coastal communities that are at high risk for hurricanes. Dallas-Fort Worth sits in an area at high risk for serious thunderstorms, hailstorms and tornadoes.

☆ Israel launches ground operation into Lebanon to destroy Hezbollah strongholds
▼ + stars: | 2024-09-30 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Israel confirmed it launched a ground offensive against Hezbollah targets in Lebanon. AdvertisementThe Israeli military said on Tuesday that it launched a "limited" ground offensive against Hezbollah targets in southern Lebanon. AdvertisementThe Israeli military said it is supporting the ground forces in Lebanon with airstrikes and artillery on Hezbollah targets. It said Operation "Northern Arrows" would continue in parallel with the devastating war against Hamas in Gaza. The ground operation on Tuesday likely raises the risk that the conflict between Israel and Hezbollah could expand, possibly bringing in the US and Iran.

Persons: Israel, —, Leo Correa Fighting, Hassan Nasrallah, Yoav Gallant, Nasrallah, Gallant Organizations: IDF, Service, AP, Pentagon, Command, Business Locations: Lebanon, Iran, Israel, Gaza, US

☆ Senior South Korean Police Officer Sentenced to 3 Years Over Crowd Crush
▼ + stars: | 2024-09-30 | by ( Choe Sang-Hun | More About Choe Sang-Hun | ) www.nytimes.com time to read: +1 min

A Seoul court sentenced a senior police officer to three years in prison on Monday, convicting him of contributing through negligence to a Halloween crowd crush that killed nearly 160 people in 2022 in one of South Korea’s worst peacetime disasters. Lee Im-jae, the former chief of police in Yongsan District, the area in central Seoul where the disaster happened, was the most senior police officer to be found guilty of a crime related to the shocking tragedy. Victims’ families remain deeply unsatisfied and angry with the government’s investigation into the deadly crowd crush. So far a handful have been convicted, with the longest sentence being handed to Mr. Lee. But on Monday, the district court acquitted Park Hee-young, the elected mayor of Yongsan District, of criminal negligence, allowing her to continue in office.

Persons: convicting, Lee Im, , Prosecutors, Lee, Hee Organizations: Mr Locations: Seoul, Yongsan District

☆ Russia proposes record defense spending as it pursues victory in Ukraine
▼ + stars: | 2024-09-30 | by ( Story The Associated Press | ) edition.cnn.com time to read: +4 min

The government’s draft budget released Monday proposes spending just under 13.5 trillion rubles (over $145 billion) on national defense. The Ukraine war is Europe’s biggest conflict since World War II and has drained the resources of both sides, with Ukraine getting billions of dollars in help from its Western allies. Russian President Vladimir Putin is also looking at how to sustain his war effort as military spending has placed a huge strain on the Russian economy. Ukraine, too, has developed a new generation of drones for the battlefield and for long-range strikes deep inside Russia. More than 100 Ukrainian drones were shot down over Russia on Sunday, Russian officials said.

Persons: Volodymyr Zelensky, Vladimir Putin, Monday Putin, Vitalii Kim, Putin, ” Putin, ” Organizations: State Duma, Federation Council, Monday, West Locations: Russian, Moscow, Ukraine, United States, State, Russia, Ukrainian, Kyiv, Mykolaiv, “, Donetsk, Luhansk, Kherson, Zaporizhzhia, Crimea

☆ Nepal rains: Rescuers use zip lines and boats to reach survivors as flooding and landslides kill nearly 200 people
▼ + stars: | 2024-09-30 | by ( Helen Regan | ) edition.cnn.com time to read: +5 min

CNN —Days of heavy monsoon rains in Nepal have triggered widespread flooding and landslides across the Himalayan nation, killing almost 200 people and causing widespread destruction. Nepal's Armed Police Force rescues stranded people using a zip line from a flooded river in Lalitpur, Nepal, on September 28, 2024. Sunil Pradhan/Anadolu/Getty ImagesNepal Army personnel evacuates an infant using a kayak from a flooded residential area in Kathmandu, Nepal, on September 28, 2024. Prakash Mathema/AFP/Getty ImagesA woman carrying a chair walks along a muddy street that was flooded by the overflowing Bagmati River following heavy rains in Kathmandu, Nepal, on September 29, 2024. Navesh Chitrakar/ReutersA man cleans mud from his house in a flood-affected area following heavy monsoon rains in Kathmandu on September 29, 2024.

Persons: Subaas Shrestha, Sunil Pradhan, Dil Kumar Tamang, Navesh Chitrakar, Ellie Wirth, “ I’ve, ”, Arun Bhakta Shrestha, Prakash Mathema Organizations: CNN, Nepal's Armed Police Force, Anadolu, Getty Images Nepal Army, Nepal Armed Police Force, Nepal’s Ministry of Home Affairs, Reuters, Nepal Police, Associated Press, International Centre, Integrated Mountain Development, Getty Locations: Nepal, Kathmandu, Lalitpur, Dhading, Bhimeshwor, Dolakha, Pokhara, “, Katmandu, AFP, South Asia, Asia

Harris’ campaign is pouring more money and effort into advertising, targeted messaging and on-the-ground organizing. “One in five Latino voters in this election are going to be voting for the first time, so they’re forming their opinions about the candidates. English is predominantly our first language,” Enriquez said on a Trump campaign press call earlier this month. “A full 55% of Latino voters had not heard from anybody, not just candidates, but nonpartisan or any other type of organization. The Latino Victory Fund on Saturday kicked off a plan to bus volunteers from New York to Pennsylvania to engage with the state’s more than 400,000 eligible Latino voters.

Persons: Kamala Harris, Harris, Donald Trump, Trump, “ Harris, ” Mya Brady, Barack Obama, Hillary Clinton, Joe Biden, Clarissa Martinez De Castro, ” De Castro, they’ve, Harris ’, —, Abraham Enriquez, ”, ” Enriquez, Tony Fabrizio, ” Fabrizio, Vianca Rodriguez, “, Anuel AA, Emmanuel Gazmey Santiago, ” Trump, Nicky Jam, Nick Rivera Caminero, “ It’s, Nicky, Caminero, Julie Chavez Rodriguez, Walz, ” Rodriguez, Miguel Cardona, Xavier Becerra, Rodriguez, Sen, Ben Ray Luján, Adriano Espaillat, Canelo Alvarez, Edgar Berlanga, Victor Martinez, It’s, Maca Casado, ” Harris, Liza Colón, Zayas, Anthony Ramos, Tim Walz, Hurricane Maria, Colón, “ Trump, can’t, De Castro, “ You’ve Organizations: NBC, Democrats, NBC News, Telemundo, CNBC, Latino, Republicans, ”, Trump, “ Republicans, Republican Party, Black, Puerto Ricans, Trump ., Puerto, Dominican, Let’s, Latina, Education, Human Services, New York, Harris, Fund Locations: TUCSON, Ariz, West, Pittsburgh, UnidosUS, Nevada and Arizona, Pennsylvania, North Carolina, Georgia, Puerto Rican, Johnstown , Pennsylvania, Trump . ” Pennsylvania, Las Vegas, Arizona, Nevada, New Mexico, New, Spanish, Douglas , Arizona, Lehigh County , Pennsylvania, Hurricane, Puerto Rico, New York

Tom Carpenter“I saw an uptick in people traveling with their pets early in 2024,” said Heather Eisenstadt, founder of Top Dog Pet Travel, a central Florida agency specializing in pet-friendly bookings. While analysts don’t track pet travel outlays specifically, some airlines and hotels appear eager to welcome more furry guests — aware that many visitors will pay a premium for it. Some pet owners say they wouldn’t make use of it anyway. Hosts on both platforms set their own pet fees. But the 41-year-old warehouse supervisor from Allentown, Pennsylvania, sees hotel pet fees of up to $200 as reasonable.

Persons: Tom Carpenter, “, Mori, Tom Carpenter’s, Tom Carpenter “, ”, Heather Eisenstadt, Taylor, Eisenstadt, Morgan Stanley, Simeon Gutman, they’re, “ There’s, Patrick O’Brien, “ You’re, ” “, Annette Sacks, Annette Sacks ’, ” Carpenter, Airbnb, techs, Conrad Washington, Avery Price doesn’t Organizations: “, Carpenters, American Pet Products Association, American Airlines, Airlines, U.S . Department of Transportation, United, Delta Air Lines, Bark Air, Westchester County Airport, Hotels, Embassy, Conrad, Conrad Washington D.C, Tiffany, Humane Society Locations: Washington, Florida, Europe, Paris, U.S, Blairstown , New Jersey, Chihuahua, New, Westchester, Los Angeles, London, Blairstown, NJ, Hampton, Atlanta, Virginia, Allentown , Pennsylvania

☆ Hurricane Helene: Now comes the hard work of recovering
▼ + stars: | 2024-09-29 | by ( Steve Almasy | ) edition.cnn.com time to read: +18 min

Kathleen Flynn/Reuters Boats displaced by Hurricane Helene sit in front of homes in Treasure Island, Florida, on Saturday. Joe Raedle/Getty Images Hurricane Helene is seen in a satellite photo Thursday afternoon. He was briefed Sunday by Federal Emergency Management Agency Administrator Deanne Criswell and Homeland Security Adviser Liz Sherwood-Randall on recovery efforts from Hurricane Helene. Heavy rains from hurricane Helene caused record flooding and damage on September 28 in Asheville, North Carolina. Workers clear Cane Creek Road in the aftermath of Hurricane Helene on September 29 in Fairview, North Carolina.

Persons: Joe Biden, “, Meredith Keisler, Keisler, ”, Krista Cortright, Cortright, ” Cortright, Hurricane Helene, Gerald Herbert, Melissa Sue Gerrits, Sean Rayford, Elmira Glover, Kathleen Flynn, Helene, Joe Raedle, Marco Bello, Jonathan Drake, John Falchetto, Cassandra Randall, Jessica Downey, Greg Lovett, Hailey Morgan, Phelan M, Megan Varner, Sarah Cribbins, Michael, Luis Santana, Miguel J, Rodriguez Carrillo, Richard Burkhart, Mike Carlson, Mike Stewart, Candice Ocvil, Jibri Tolen, Erik S, Cristobal Herrera, Candace Redwine, Guy Ford, George G, Tapper, Ricardo Arduengo, Joe Burbank, Carol Poulson, Andrew West, Cynthia Centeno, Reuters Charles Starling, Stephen M, Dowell, Chandan Khanna, Thomas Simonetti, Pete Beach, Ramon Espinosa, Paola Chiomante, Michael Callahan, Duke, ” Callahan, –, Avril Pinder, Craig Fugate, William Ray, ” Fugate, ” Cooper, Biden, Brian Kemp, Roy Cooper, Deanne Criswell, Liz Sherwood, Randall, Criswell, Donald Trump, ” Trump, “ It’s, It’s, Ken Graham, Esther Manheimer, ” Manheimer, Michelle Coleman, CNN she’s, Coleman, ” Coleman, Gary O’Dell, he’s, I’ve, ” CNN’s Robert Shackelford, Sarah Dewberry, Rafael Romo, Jade Gordon, Ashley R, Williams, DJ Judd, Sunlen Serfaty, Lauren Mascarenhas, Eric Levenson, Isabel Rosales, Taylor Galgano, Sara Smart, Conor Powell, Caroll Alvarado, Caroline Jaime, Emma Tucker, Artemis Moshtaghian, Afshar, Raja Razek Organizations: CNN, White House, ” Workers, Hurricane, Getty, Reuters, USA, Tampa Bay Times, AP, AFP, East, Savannah Morning, United States Coast Guard, Walt Disney, Orlando Sentinel, Tribune, Service, Fairview Middle School, Fishel, State Emergency Operations Center, Washington Post, NOAA, Buncombe County , North Carolina –, Emergency, ”, Sunday, Georgia Gov, North Carolina Gov, Federal Emergency Management, Homeland, Weather, National Weather Service, Workers, WLOS, Asheville Dream Center Locations: North Carolina, South Carolina, Georgia, Florida, Tennessee, Virginia, Carolinas, Asheville, Marion, Western North Carolina, Hurricane, Steinhatchee , Florida, , North Carolina, Asheville , North Carolina, Treasure Island , Florida, Horseshoe Beach , Florida, Boone , North Carolina, Valdosta , Georgia, AFP, Laurel, Vilas , North Carolina, Crystal River , Florida, Peachtree Creek, Atlanta, , Florida, Savannah , Georgia, Savannah, Shore, St . Petersburg , Florida, Key , Florida, Tarpon Springs , Florida, Watauga, Sugar Grove , North Carolina, Port Saint Joe , Florida, Bay Lake , Florida, Fort Myers Beach , Florida, Tallahassee, Leon County , Florida, Eastpoint , Florida, Villages, Tallahassee , Florida, Gulfport , Florida, St, Cross City , Florida, Guanimar, Artemisa province, Cuba, Panacea , Florida, Puerto Juarez, Cancun, Mexico, Clearwater , Florida, Buncombe County , North Carolina, ”, Washington, North Carolina , Tennessee, Rehoboth Beach , Delaware, Florida , Georgia, Alabama, Bend, Alabama , Tennessee, Erie , Pennsylvania, West Virginia, Kentucky, Baltimore, Fairview , North Carolina, Vietnam

☆ Devastation on the streets of Lebanon after days of Israeli bombardment
▼ + stars: | 2024-09-29 | by ( Tamara Qiblawi | Jomana Karadsheh | ) edition.cnn.com time to read: +7 min

Umm Mohammed and her five-year-old son escaped the Israeli bombardment of southern Lebanon, displaced to a tarpaulin on a seaside boardwalk. When Israeli bombs hit the south of the capital on Friday, the streets of west Beirut filled with people throughout the night. Internally-displaced people sit beneath a Lebanese flag in the Dahieh neighbourhood on September 28, 2024 in Beirut, Lebanon. “The assassination of Sayyed Hassan Nasrallah has brought Lebanon and the region to a new phase of violence. “We sleep on sidewalks because we have no choice,” said Umm Fawzi, from southern Beirut.

Persons: Hassan Nasrallah, ”, Hassan, “ He’s, ” Abu Mohamad, Nasrallah, “, ” Nasrallah, Umm Mohammed, Karadsheh, cradled, –, Carl Court, Jomana Karadsheh, Sayyed Hassan Nasrallah, Bechara Boutros, Rahi, Saad Hariri, ” Hariri, Umm Fawzi, Charbel Mallo Organizations: Beirut CNN, CNN, Maronite, Hezbollah Locations: Beirut, Iran, Israel, Lebanon, Lebanon’s, Gaza, Dahieh, Jomana, ”, Martyr’s

☆ China's central bank tells commercial lenders to start cutting rates on existing mortgages
▼ + stars: | 2024-09-29 | by ( ) www.cnbc.com time to read: 1 min

The central bank of the People's Republic of China is responsible for formulating and implementing monetary policies, preventing and defusing financial risks and maintaining financial stability. The People's Bank of China on Sunday told commercial banks to start lowering interest rates on all existing housing loans, in a sweeping move to help lighten the mortgage burden on households hit by a slowing economy. All commercial banks must, in batches, reduce interest rates on existing mortgages by Oct. 31 to no less than 30 basis points below the PBOC's Loan Prime Rate, the central bank's benchmark rate for mortgages, according to a statement released by the PBOC.

Organizations: People's Bank of China, Sunday, PBOC's Locations: People's Republic of China

Angela Weiss | AFP | Getty ImagesAs she unveiled her most detailed economic plan yet this week, Democratic presidential nominee Kamala Harris pledged to fight price gouging in order to rein in voters' grocery costs. Although Harris released more detail Wednesday as part of her 82-page economic plan, it's still unclear what price hikes her administration would see as illegal "price gouging." Generally, Republicans support fewer economic regulations, although Trump has suggested limiting food imports as a way to lower grocery prices. What is price gouging? Thirty-seven U.S. states already have laws that forbid price gouging in emergencies.

Persons: Kamala Harris, Doug Emhoff, Angela Weiss, Donald Trump, Harris, it's, Walz, Trump, YouGov, Rakeen Mabud, Mabud, Mario Tama, markups, —, Jerome Powell —, Sarah Gallo, Brian Cornell, Jharonne Martis, Brandon Bell, Kroger, Arun Sundaram, Sundaram, JBS, Joe Raedle Organizations: Democratic, AFP, Getty, Trump, Bureau of Labor Statistics, Voters, Federal Reserve Bank of Kansas, Consumer Brands Association, Federal Trade, Department of, Kroger, Procter, Gamble, Albertsons, Federal Trade Commission, CFRA Research, Pilgrim's Pride Corporation Locations: Coraopolis , Pennsylvania, Los Angeles , California, Federal Reserve Bank of Kansas City, Houston , Texas, Miami , Florida

Below, we've put together everything you need to know about how to watch the Chiefs vs. Chargers, whether you have cable or are hoping to live stream the game. For updated info on tuning into the entire season, bookmark our how to watch NFL games streaming guide. How to watch Chiefs vs. Chargers in the USThe Chiefs vs. Chargers game kicks off on CBS Sunday at 4:25 p.m. Upgrade to Paramount+ with Showtime for $13/month for 24/7 CBS live streaming abilities and ad-free on-demand content. Check price at DAZNHow to watch Chiefs vs. Chargers from anywhereNFL fans traveling abroad don't need to worry about missing any games.

Persons: we've, Fubo, ExpressVPN Organizations: Business, Kansas City Chiefs, Chargers, Chiefs, . Chargers, Baltimore Ravens, Cincinnati Bengals, Atlanta Falcons, The Chargers, Super, Kansas City, Los, NFL, US, CBS, Paramount, Showtime, Nickelodeon, Comedy Central, BET, MTV, DirecTV, DirecTV Stream Locations: Los Angeles, United States, China

☆ After a week of records, there's one main market event that could change everything
▼ + stars: | 2024-09-29 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

The Fed's target inflation rate is 2%, so we're getting closer. In the week ahead, we get quarterly results from Club name Constellation Brands and the government's September employment report. Jobs, Jobs, Jobs This coming Friday's big update on the state of the labor market is the main market event and could have big implications for Wall Street and the path for Fed rate cuts. However, the market took the news in stride because recent weakness in the stock was already reflecting the sluggish sales environment. ET: September ADP Report Before the bell: Conagra (CAG) After the bell: Levi Strauss (LEVI) Thursday, Oct. 3 8:30 a.m.

Persons: Thursday's, Jerome Powell, we'll, We're, Levi Strauss, LEVI, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Dow Jones, Nasdaq, Treasury, Core PCE, GE Healthcare, Costco, Constellation Brands, Wall, ADP, Pacifico, McCormick &, PMI, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Covid, Corona, New York City

☆ ‘LibraryTok’ can be a comfort during challenging times for librarians and their fans
▼ + stars: | 2024-09-29 | by ( Sydney Bishop | Scottie Andrew | ) edition.cnn.com time to read: +10 min

She’ll broadcast that process for her more than 450,000 followers once students leave the library and the school day is done. Miller’s account, “Meet Me in the Media Center,” is a fixture on “LibraryTok,” a community of creators who also happen to be librarians. “I think that bit of nostalgia wrapped into the sentiment of the library and hopefully a kind face all come together to make an inviting space to land on Library TikTok,” Miller said. Though her popularity was unexpected, it’s welcome, especially when she hears from commenters that she’s changing their impression of school libraries. Books, Miller said, are “windows and mirrors,” a concept introduced by famed children’s literature professor Rudine Sims Bishop.

Persons: CNN — Jen Miller doesn’t, Miller, she’s, “, ” Miller, Millennials, Cindy Hohl, ” Jen Miller, Jennifer Miller, cheerily, unboxes, There’s, “ Percy Jackson, ”, Miller’s, ‘, Heather, ” Grace, Grace, Tim Walz, Miller didn’t, Rudine Sims Bishop Organizations: CNN, Media Center, Pew Research, American Library Association, ALA, “, TikTok, PEN America, Lone Star, Democratic, Minnesota Gov Locations: ”, North Carolina, Texas, Florida, LibraryTok

☆ Despite Stock Market Hopes, China's Stimulus Plan Won't Fix Economy
▼ + stars: | 2024-09-29 | by ( Linette Lopez | ) www.businessinsider.com time to read: +7 min

Homebuyers can also now put less money down on their purchases — an attempt to breathe life into China's moribund property market. Since the pandemic, China's leader, Xi Jinping, has done little to stop the bleeding in the country's property market or to get China's ailing consumers to start spending money again. Xi's Beijing lacks the will and the power to turn China's economy around. At the heart of its problems is a lack of consumer demand and a property market going through a deep, slow-moving correction. Plus, there's Xi, who seems fairly uninterested in restructuring the property market.

Persons: Gongsheng, Wall, Xi Jinping, China —, Goldman Sachs, —, Sam Altman, Genéralé, Michael Pettis, Xi doesn't, Friedrich Hayek, Xi Organizations: Beijing, People's Bank of China, People's Bank, Shanghai, Chinese Communist Party, Nasdaq, CCP, Peking University, Carnegie Endowment, European Union Locations: China's, China, Beijing, Austrian

☆ Around 48 migrants missing, nine found dead, after boat sinks off Canary Islands
▼ + stars: | 2024-09-29 | by ( ) edition.cnn.com time to read: +2 min

Nine people, one of them a child, have been confirmed as dead after their boat sank in the early hours of Saturday morning, emergency and rescue services said. “After what happened yesterday and if the forecast for the arrival of the migrant boats happens, then it will be the biggest humanitarian crisis to happen to the Canary Islands in 30 years,” Candelaria Delgado of the Canary Islands government, told reporters on Sunday. Three of those rescued suffered from hypothermia and dehydration, rescue services said on Sunday. As hopes of finding more survivors diminished, police installed a morgue on El Hierro, authorities said. Three other boats reached the Canary Islands during the night, carrying 208 migrants.

Persons: El, Frontex, ” Candelaria Delgado Organizations: Spain Reuters — Patrol, Rescuers, Spanish coastguard, Reuters, Channel, Canary Locations: El Hierro, Spain, Africa, Canary, Spanish, Mali, Mauritania, Senegal, West Africa, Turkey, Greece, Britain, Lanzarote

☆ A researcher who studied Trump's plans to control the Fed said it could tank the economy
▼ + stars: | 2024-09-29 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +5 min

Economists at the Peterson Institute studied what would happen if Trump undermined Fed independence. The study's lead researchers dug into the economic impact of three of Trump's campaign promises: mass deportations, tariffs, and eroding Fed independence. Though Trump promises an America First economic agenda, McKibbin said that taking control of the Fed would get him the opposite results. AdvertisementHe doesn't think the public is paying enough attention to the risks of Trump's Fed proposals or the overall murkiness of the candidates' economic policy. "If you're going to advocate a policy, there has to be evidence as to why you're advocating that policy," McKibbin said.

Persons: Trump, —, Warwick McKibbin, McKibbin, Jerome Powell, Trump hasn't, they're, Kamala Harris, Harris Organizations: Peterson Institute, Fed, BI, Service, Federal, Peterson Institute of International Economics, Trump, PIIE, Business, Wall Street Journal, Biden Locations: China, Canada, Mexico, Australia, America

☆ A Hollywood producer's vandalized mansions recall a landmark case when graffiti artists won $6.75 million after their work was destroyed
▼ + stars: | 2024-09-29 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

Graffiti on the mansions is similar to tags on other empty luxury properties in Los Angeles. The incidents recall a landmark case that granted street artists $6.75 million after their art was destroyed. AdvertisementSpray-painted tags similar to those on Los Angeles' iconic graffiti towers have appeared in another unlikely place in the City of Angels. The Los Angeles Times reported that the property owner has pledged to secure the mansions, clean the graffiti, and reimburse the city for any incurred costs. The artists ultimately won $6.75 million after their work was destroyed in a ruling affirmed by the US Appeals Court, The New York Times reported in 2020.

Persons: —, David McNew, John Powers Middleton, Bates, Middleton, it's, John S, Philip Morris, John P, Los Angeles Mayor Karen Bass, Andrew Lieb, Lieb, " Lieb, Mario Tama Organizations: Service, City of Angels, Hollywood, Los Angeles Times, LA Times, Philadelphia Phillies, CNBC, Phillies, Los Angeles Mayor, Business, Bel Air, NBC, Visual Artists, US, Court, The New York Times, Los Angeles Lakers, Bloomberg Locations: Los Angeles, City, Altria, Bel, NBC Los Angeles, New York, Angeles

☆ Israel appeared to use US-made 2,000-pound bombs in the strike that killed Hezbollah's chief
▼ + stars: | 2024-09-29 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The aircraft were spotted carrying highly destructive 2,000-pound bombs. AdvertisementAn Israeli fighter jet carrying multiple BLU-109 bombs. Israeli Air Force photoThe BLU-109 is a US-made air-to-ground munition that weighs 2,000 pounds. Related storiesThe Biden administration paused a shipment of the controversial 2,000-pound bombs to Israel earlier this year in response to concerns over the safety of civilians in Gaza. The Israeli military said on Friday that it targeted Hezbollah's central headquarters located underneath residential buildings in a Beirut suburb.

Persons: Israel, Hassan Nasrallah, —, ״, מטוסי, Hi4fXfPhL2, Biden, Nasrallah, Joe Biden Organizations: Service, Israeli Air Force, Air Force, Munitions, Armament Research, The New York Times, US Air Force, Associated Press Locations: Beirut, Lebanon, US, Israel, Gaza, Iran, Yemen

☆ War with Ukraine is the only thing preventing Russia from entering an immediate recession, economists say
▼ + stars: | 2024-09-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Russia would be in a recession by now if it weren't for the nation's hefty war budget, economists told BI. War spending is propping up the economy, which is becoming increasingly overheated, they added. AdvertisementWar may be the only thing keeping Russia's economy afloat. Russia's economy is also being plagued by currency problems, Gorodnichenko said, pointing to Russia's limited access to the dollar as the result of Western sanctions. That will ultimately depend on how long the war in Ukraine — and therefore, spending on the war — will last.

Persons: —, Jay Zagorsky, there's, Zagorsky, Yuriy Gorodnichenko, Gorodnichenko, That's Organizations: Service, Boston University's Questrom School of Business, Kremlin, Ukraine, University of California, Bank of, Russia, Ukraine — Locations: Russia, Moscow, Ukraine, Russian, Berkeley, Bank of Russia, Soviet, China

ASHEVILLE, N.C. —A historic village in western North Carolina is under water after bearing the brunt of devastating flooding damage from Hurricane Helene. Tree branches, logs and a dumpster floated across Asheville’s Biltmore Village, renowned for being built and owned by a single individual. A tree had fallen on Hazel Mill Road, blocking all travel along a central route to West Asheville during Tropical Storm Helene. Jacob Biba / Asheville Citizen Times / USA Today NetworkGeorgia, Florida, Alabama, North Carolina, Tennessee and South Carolina will receive a variety of federal assistance from the government after the storm made landfall as a highly destructive Category 4 hurricane. Biden has also ordered more than 1,500 federal personnel to be deployed to the region, including search and rescue teams, medical teams and power restoration teams.

Persons: Tree, Jacob Biba, I’m, “ It’s, Hurricane Helene, Joe Biden, Helene, Biden Organizations: NBC News, River Arts, Asheville Citizen Times, USA, Network Asheville, Arts, Network Locations: ASHEVILLE, N.C, —, North Carolina, Hurricane, Asheville, Charlotte, ”, Georgia, U.S, South Carolina, North Carolina , Georgia, Florida, Ohio, Tennessee, Hazel, West Asheville, Tropical, Network Georgia, Florida , Alabama, North Carolina , Tennessee

Though Austria is a member of the European Union, its far-right party leading the polls has strong links with Russian President Vladimir Putin — the bloc’s arch nemesis. The chairman and top candidate of the Freedom Party of Austria Herbert Kickl waves to supporters after kicking off his party's electoral campaign on September 7, 2024 in Graz, Austria. Kickl’s vision is to build “Fortress Austria” and “Fortress Europe,” as he put it during a debate on Austrian public television Thursday night. In 2016, party leader Heinz-Christian Strache signed a formal “cooperation pact” with Putin’s United Russia party. The FPÖ’s return is far from certain, currently polling at 27%, narrowly ahead of the ruling Austrian People’s Party on 25% and the Social Democratic Party of Austria on 21%, according to European polling aggregator PolitPro.

Persons: that’s, Adolf Hitler —, it’s, Vladimir Putin —, Peter Filzmaier, Kerms, Herbert Kickl, ”, Hitler, Kickl, Freedom Party of Austria Herbert Kickl, Alex Halada, Nazi ”, “, Karl Nehammer, Andreas Babler, Joe Klamar, Gabriela Bacher, Donald Trump, Heinz, Christian Strache, Karin Kneissl, Putin, Strache, Victor Orban, Bacher Organizations: Freedom Party, NATO, Ukraine, Moscow, European Union, Gratz, Freedom Party of Austria, Getty, Immigrants, “, Austrian, Nazi, Austrian People’s Party, Social Democratic Party, NBC, Trump, NBC News, Putin’s United, Social Democratic Party of Austria Locations: Austria, Russia, Europe, Graz, AFP, East, North Africa, Jerusalem, Austrian, Vienna, American, Austrian Republic, Ukraine, Putin’s United Russia, Russian, Moscow, Slovakia, Hungary, Republic

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