DIRS.INFO The most relevant business & tech news

Those rules were designed to prevent a repeat of the abuses of Richard Nixon, who improperly used the Justice Department to punish his political enemies. A new president appoints roughly 300 senior Justice Department officials, including the U.S. attorneys who run offices across the country. All 300 must be confirmed by the Senate, but multiple former Justice Department officials said they fear Trump would install partisans willing to do his bidding. Justice Department officials have risen to the occasion and defied presidential overreach in the past. You go in and just whack a good portion of the workforce,” the former Justice Department official said.

Persons: Donald Trump, —, Trump, don’t, Richard Nixon, “, ”, Joyce Vance, Barbara McQuade, Sen, JD Vance, Vance, Vance’s, Biden Justice Department’s, Hunter Biden, Robert Menendez, Eric Adams, Jack Smith, Aileen Cannon, Cannon, Jeffrey Clark, Clark, Mike Davis, influencer Benny Johnson’s, Davis, Joe Biden, Jan, gulag ”, ” Trump, ” Vance, “ Trump, Stephen Gillers, Gillers, Rudy Giuliani, Sidney Powell, ” Gillers, Ilya Somin, Somin, Nixon, Archibald Cox, wouldn’t Organizations: NBC, Google, National Public Radio, NBC News, Justice Department, FBI, Trump, Department, U.S, Senate, Drug, Administration, Alcohol, Tobacco, Firearms, Explosives, DOJ, Biden Justice, Robert Menendez of New, New York, U.S . Capitol, ABC News, Republican, Politico, D.C, gulag, Service, NYU School of Law, George Mason University, senior Locations: U.S, Alabama, Ohio, Georgia, Robert Menendez of, Robert Menendez of New Jersey, New, —, acquittals

For a century, student journalists at Howard University have chronicled life on the campus in Washington, D.C., including commencement addresses by seven presidents, celebrity visits and other monumental occasions. Vice President Kamala Harris will spend election night at her alma mater, one of the pre-eminent historically Black colleges in America. “As student journalists, we’ve been taught that we’re not a part of history, that we record history. Kamala Harris as a Howard University student. I’m grateful to be at Howard University at this time.”Benn said covering the election adds value to his education.

Persons: Kamala Harris, JD Jean, Jacques II, Juan Benn Jr, Jean, Jacques II “, ”, we’ve, we’re, ” Benn, “, ’ ” Harris, Jennifer Thomas, Thomas, Percy, “ It’s, Harris, ” Thomas, Skyler Winston, Skyler Winston “, Winston, “ There’s, Jacques Organizations: Howard University, Washington , D.C, Department of Media, Howard, YouTube, White, ’, Alpha Kappa Alpha, National Association of Black Journalists, Democratic National Convention, Student Locations: Washington ,, America, Knoxville, Tenn, Instagram, Greenwich, Conn, Howard, Philadelphia, California

☆ Top U.S. commander in Middle East being investigated on allegations of shoving a subordinate
▼ + stars: | 2024-10-31 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Courtney-Kube-Circle-Byline-Template.Jpg | Courtney Kube | ) www.nbcnews.com time to read: +2 min

The Army Criminal Investigation Division is looking into allegations that Gen. Michael “Erik” Kurilla shoved an airman while traveling on a C-17 several weeks ago, the officials said. The Army Criminal Investigation Division said in a statement that it is "aware of an alleged incident and is currently looking into it. The Army Criminal Investigation Division is an independent federal law enforcement agency responsible for felony criminal investigations and operations. For now, he remains in the job and is currently traveling in the Middle East, according to a senior administration official. Kurilla has been at the helm of CENTCOM, the combatant command in the Middle East and Central Asia, since April 2022.

Persons: Michael “ Erik ” Kurilla, Kurilla, It’s Organizations: Army, U.S . Central Command, Army Criminal, Army Criminal Investigation, Defense, 75th Ranger Regiment, 82nd Airborne Division, XVIII Airborne Corps, Operations Command Locations: U.S, CENTCOM, East, Central Asia, Israel, Iran, Iranian, Syria, Mosul, Iraq

Andrew Cuomo to the Department of Justice, alleging he made “criminally false statements” during closed-door testimony in June 2024. In the Republican-led committee’s referral, it says Cuomo “knowingly and willfully made materially false statements” to the panel during its investigation into the New York’s Covid-19 response. Cuomo also denied having discussions about the July 6 report being peer reviewed, according to the panel, which said documents show otherwise. The panel said Cuomo was not under oath during his testimony but was required to answer questions truthfully to Congress. Cuomo’s plan to centralize the pandemic response in the governor’s office also has received criticism, including from an independent report commissioned by his successor, Gov.

Persons: Andrew Cuomo, General Merrick Garland, Cuomo “, ”, Cuomo, “, Rich Azzopardi, ” Azzopardi, Rita Galvin, Galvin, Elise Stefanik, Brad Wenstrup, ” Wenstrup, “ You’re, Trump, ” Cuomo, Kathy Hochul Organizations: U.S, New York Gov, Department of Justice, Republican, of Health, U.S . Rep, ”, Ohio Republican Locations: New York, “

☆ Progressives gear up for their first big fight if Harris wins: Protecting Lina Khan
▼ + stars: | 2024-10-31 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +9 min

With Republicans favored to win the Senate, Harris may have few opportunities to pursue an ambitious legislative agenda, shifting the Democratic ideological fight to key personnel decisions. “It’d be a strategic blunder for Harris to pick an ugly fight over Lina Khan’s future when there’s already strong consensus among Democrats. Moderate senators like Bob Casey and Jackie Rosen are actively campaigning on the FTC’s work to lower prices,” said a Senate Democratic aide, who was granted anonymity to discuss a sensitive subject. Removing her would not only infuriate the left but it could provoke a confirmation fight with Senate Republicans over her replacement. Some in the progressive movement believe Harris should simply leave her there without going through confirmation again in the Senate if need be.

Persons: WASHINGTON, Kamala Harris tacks, Lina Khan, Harris, ”, Dan Geldon, Sen, Elizabeth Warren, “, ” Geldon, Mark Cuban, Gary Gensler, Barry Diller, Reid Hoffman, Hoffman, ” “, Adam Green, Kamala Harris, Joe Biden, Ron Klain, Khan, Danielle Deiseroth, MAGA, Lina Khan’s, there’s, Bob Casey, Jackie Rosen, Alexandria Ocasio, Bernie Sanders, “ Khan, Jeff Hauser, he’s, Ohio Democratic Sen, Sherrod Brown, Geldon, General Merrick Garland, Donald Trump, Michael Dorf, Neil Buchanan, Ezra Levin, Biden, we’d, ” Levin Organizations: Federal Trade, Biden, Republicans, NBC, Securities, Exchange, Billionaire Democratic, Democratic Party, Democratic, Facebook, Progress, Trump, Will, Progressives, SEC, Crypto, Ohio Democratic, Banking Committee, Cuban, Monday, Trump Republicans, Republican Locations: Alexandria, Cortez, Ohio, Harris ’, Washington

☆ How Elon Musk turned X into a pro-Trump echo chamber
▼ + stars: | 2024-10-31 | by ( David Ingram | David Ingram Is A Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +7 min

And in recent months, Musk has become one of Trump’s biggest donors and most energetic supporters, turning X into an unofficial house organ for his campaign. On Tuesday, Musk promoted an X Community — a large group of users — called the Election Integrity Community, which was created by his super PAC, America PAC. Musk and X did not respond to requests for comment. Musk has personally boosted many of them, such as @libsoftiktok and the account of conspiracy theorist Laura Loomer, who was suspended from Twitter before Musk bought it. Musk is the CEO of Tesla and SpaceX, but X may be his highest-profile political asset.

Persons: Elon Musk, ” Musk, hasn’t, Donald Trump’s, Trump, Musk, Kamala Harris, —, ”, Giulio Corsi, Paul Pelosi, Nancy Pelosi, Weeks, Ron DeSantis, Robert F, Kennedy Jr, misgendering, it’s, newsbrokers, Laura Loomer, Mert Bayar, Corsi, ” Corsi Organizations: Elon, Twitter, NBC News, PAC, America PAC, U.S, University of Cambridge, Trump, Republican, Florida Gov, GOP, University of Washington, UW Center, SpaceX Locations: Pennsylvania, Haiti

This week, the state health department issued an advisory to doctors suggesting that recent ads about Nebraska’s abortion restrictions had created "confusion." She said the health department and Gov. Jeff Powell, communications director for the Nebraska Department of Health and Human Services, said the intent of the health alert was to "clarify the current law." In response to the health department alert, two doctors in the state said there is no confusion among physicians about how to treat ectopic pregnancies or miscarriages. The Florida Health Department sent cease-and-desist letters to multiple broadcast stations that aired an ad supporting an abortion-rights ballot measure.

Persons: Timothy Tesmer, Allie Berry, —, Berry, Jim Pillen —, Jeff Powell, women’s, Kimberly Paseka, Paseka, ”, ” Paseka, “, Abigail Drucker, Drucker, ” Drucker, ” Dr, Mary Kinyoun, ” Powell, DHHS, Joseph Ladapo Organizations: OB, Nebraska, Gov, Republican, Nebraska Department of Health, Human Services, NBC News, American College of Obstetricians, Florida Health Department Locations: Nebraska, Gynecologists ’ Nebraska, Omaha, Florida

In a new motion filed Wednesday, the animal rights organization accused exotic animal broker Tonia Haddix of committing perjury and violating previous court orders, citing the recent HBO docuseries “Chimp Crazy” as evidence. In a January 2022 virtual court testimony featured in “Chimp Crazy,” Haddix sobbed as she insisted under oath that Tonka had died and was cremated. Later, however, authorities found the chimp alive and concealed in a basement cage, according to a June 2022 court filing. In the third episode of “Chimp Crazy,” Haddix said that she and Aswegan sedated Tonka and took him to a hotel. In the same episode, the motion states, Casey referred Haddix to Vierstra as someone who could help her hide Tonka and fake his death.

Persons: Tonia, Buddy, ”, Alan Cumming, Tonka, Haddix, Connie Casey, “, Haddix brazenly, Brittany Peet, Casey, Haddix’s, Jerry Aswegan, Cy Vierstra, ” Haddix, Aswegan, Vierstra, “ Haddix Organizations: PETA, HBO, Missouri Primate Foundation, flagrantly, NBC News Locations: Missouri, Ohio, Vierstra

☆ Former Acting U.S. Trade Representative: Trump’s Tariffs Are a Terrible Idea
▼ + stars: | 2024-10-31 | by ( Miriam Sapiro | ) www.usnews.com time to read: +7 min

As a former acting U.S. trade representative who also served on the National Security Council, I’ve engaged in international economic policymaking firsthand. Trump’s main economic idea is to indiscriminately impose tariffs on U.S. trading partners, but it is American importers, exporters and consumers who will pay the price. When Trump last levied tariffs, the EU, Canada, China and other trading partners imposed their own tariffs in retaliation. While President Joe Biden left most of Trump’s tariffs against China in place, he managed to negotiate agreements that led to the easing of many retaliatory measures. As president, Harris would lead an economy that helps everyone, not just those at the very top.

Persons: you’re, it’s, you’ve, Kamala Harris, Donald Trump, I’ve, Harris, Shawn Fain, “, ” Harris, Harris ’, Trump, Smoot, Hawley, Mitch McConnell, “ I’m, Trump’s, Davidson, Joe Biden, Biden Organizations: National Security Council, United Auto Workers, Democratic Party, Republican, Foundation, European Union, Pennsylvania Farm Bureau, ”, Harley, EU Locations: Pennsylvania, Michigan, Wisconsin, America, China, U.S, EU, Canada

☆ Super Micro's $50 billion stock collapse underscores risk of AI hype
▼ + stars: | 2024-10-31 | by ( Ari Levy | ) www.cnbc.com time to read: +7 min

Super Micro is one of the primary vendors for building out Nvidia-based clusters of servers for training and deploying AI models. Super Micro is now at risk of being delisted from the Nasdaq, and has until Nov. 16 to regain compliance with the stock exchange. Ernst & Young was new to the job, having just replaced Deloitte & Touche as Super Micro's accounting firm in March 2023. Since the S&P's announced index changes in March, Super Micro's stock has dropped at least 10% on six separate occasions. — CNBC's Rohan Goswami and Kif Leswing contributed to this report WATCH: Super Micro stock is a 'very risky buy'

Persons: Ernst & Young, Deloitte didn't, hasn't, P's, Dow Jones, Kevin Barry, Barry, —, Rohan Goswami, Kif Leswing Organizations: Computer Inc, Bloomberg, Getty, Micro, Nvidia, Ernst, Nasdaq, Mizuho, Deloitte, Touche, CNBC, Ernst & Young, Dell, SEC, Super, Hindenburg Research, Super Micro, U.S, U.S . Super, Whirlpool, P Global Locations: San Jose , California, U.S, That's, U.S .

☆ The US economy is in for a double shock if Trump is elected president, Nobel economist Paul Krugman says
▼ + stars: | 2024-10-31 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Trump's policies could leave the US economy with two major challenges, Paul Krugman said. Krugman pointed to Trump's economic plan, which economists have described as inflationary. Trump's deportation plans could also hit the economy, given that immigration has boosted the job market. AdvertisementThe US could be in for twin shocks if Trump becomes president for a second time, Nobel economist Paul Krugman said. Trump's general economic plan is also widely thought to be more inflationary than Harris's.

Persons: Paul Krugman, Krugman, —, Trump, Harris Organizations: Service, Peterson Institute for International Economics, Financial Times, University of Chicago, American Immigration, New York Times Locations: York

☆ Democrats and Republicans Secretly Agree on More Than They Admit
▼ + stars: | 2024-10-31 | by ( Eliza Relman | ) www.businessinsider.com time to read: +12 min

Among Muslims, the difference was 43% agreeing with the statement versus an estimated 66% who privately agreed. While 27% of Democratic respondents publicly agreed with the statement "I support defunding the police," just 3% privately supported the movement. While 50% of Republicans publicly said "we live in a mostly fair society," just 11% privately agreed. Similarly, 2% of Republicans were thought to privately trust the government to tell the truth, while 14% said so publicly. A lack of social trust causes people to resent each other, look for scapegoats, and become susceptible to demagoguery, he said.

Persons: Alessia Gonzalez doesn't, Gonzalez, Israel, she'd, Fernando, YouGov, —, James Gibson, Louis who's, Gibson, Kamala Harris, Donald Trump, Todd Rose, Rose, Elisabeth Noelle, Neumann, Noelle, what's, Harris, You've, Gen Zers Organizations: Republican, Washington University, Harvard's Graduate School of Education, Roman Catholic, Pew, Gallup, Republicans, Democratic, Trump, — Locations: Brooklyn, Bay, MAGA, Gaza, Colombia, New York, Israel, America, St

Census data released on October 17 indicates that New York recorded the highest rate of people moving out of all 50 states. Business Insider calculated each state's net moving rate by comparing the number of people who moved into and out of each state per 1,000 people. The states people move out of the mostOf all 50 states, New York ranks last with a net moving rate of -9.23. But because of its larger population and the greater number of movers into the Golden State, California's net migration rate lands right after Louisiana's. North Dakota — which has about 780,000 residents to New York's 20 million — had the highest net migration rate at 17.55.

Persons: —, Jackie Nguyen, hadn't, Nguyen, Dan Latu, Sarah Dickerson, we've, Dickerson, We've, Davrick Hayes, " Hayes, Everett Atlas Organizations: Service, Kansas, American Community Survey, , New York, Washington DC, Golden State, Kenan, of Private Enterprise, University of North, Dakota, Carolinas, Getty Images Vermont Locations: New York, New Jersey, Illinois, Kansas City , Missouri, York, , New, Alaska, Louisiana, California, University of North Carolina, New York City, Los Angeles, New, North Dakota, Bismarck , North Dakota, LA, South Carolina . North Carolina, Raleigh , North Carolina, East, South Carolina, Delaware, Boston, Vermont

☆ While the Magnificent 7 stocks flounder, this forgotten growth name is breaking out
▼ + stars: | 2024-10-31 | by ( David Keller | ) www.cnbc.com time to read: +3 min

With the Magnificent 7 stocks floundering this week, and about 30% of the S & P 500 members breaking below their 50-day moving average in October, where can investors find emerging strength? The structure of the daily chart remains positive as long as Visa remains above the $290 price point, which now serves as potential support. The weekly RSI has remained above 40 during pullbacks in October 2023 and June 2024, demonstrating that the overall momentum picture remains bullish on the long-term time frame. Similar to the buy signal in November 2023, we see this as a sign of renewed bullish sentiment for Visa. And as long as Visa remains above moving average support, this payment processor could be headed to much further gains into early 2025.

Persons: David Keller Organizations: Visa, RSI, pullbacks, CMT, CNBC, NBC UNIVERSAL

☆ South Carolina death row inmate cites race of jurors in request for stay
▼ + stars: | 2024-10-31 | by ( Andy Rose | ) edition.cnn.com time to read: +6 min

Moore is the last person remaining on South Carolina’s death row to be convicted by a jury with no Black members, his defense attorneys say. “No other South Carolina death penalty case has involved an unarmed defendant who defended himself when the victim threatened him with a weapon,” they said in a statement. “He’s a human being who made mistakes,” Lyndall Moore told the AP. Moore’s attorneys responded Wednesday the case’s “unique procedural backdrop” should allow the justices to consider their arguments. Henry McMaster Meg Kinnard/APIn an earlier federal court request for a stay of execution, Moore’s attorneys expressed concern about McMaster’s past comments regarding clemency for death sentences, the ruling denying that request shows.

Persons: “, Richard Moore, Moore, James Mahoney, Mahoney, ”, Henry McMaster, ” Lyndall Moore, Trey Gowdy –, –, Gowdy, Gowdy’s, general’s, McMaster, Henry McMaster Meg Kinnard, … ” Organizations: CNN, US, Defense, Republican, Associated Press, Gov, AP, Supreme, GOP, Correctional Institution, Columbia . South Carolina Department of Corrections, Spartanburg Herald, South Carolina Gov, McMaster Locations: South Carolina, Spartanburg County, Carolina, Broad, Columbia .

☆ Yen under pressure as BOJ keeps rates steady
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: +4 min

Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. The yen remained under pressure on Thursday as the Bank of Japan kept ultra-low interest rates steady, while the U.S. dollar consolidated ahead of jobs data later this week and the U.S. presidential election next week. The BOJ kept interest rates steady on Thursday and roughly maintained its forecast that inflation will hover near its 2% inflation target in coming years, signaling its readiness to continue rolling back its massive monetary stimulus. Analysts are divided over the prospect of additional interest rate hikes by year-end, putting the focus on BOJ Governor Kazuo Ueda's post-meeting briefing for clues on the pace and timing of further increases. "Any strengthening of the yen at present would likely result from a general weakening of the U.S. dollar if interest rates begin to align," said Sean Teo, a sales trader at Saxo.

Persons: Yen, Kazuo Ueda's, Sean Teo, payrolls, Donald Trump, Kamala Harris, Sterling Organizations: Bank of Japan, U.S ., U.S, Treasury, Saxo, National Statistics, PMI, Westpac, European Central Bank, Australian, Analysts, New Zealand Locations: China, U.S

☆ America’s oldest tombstone has new origin story, according to study
▼ + stars: | 2024-10-31 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +8 min

Historical evidence then pointed the study authors to a Belgian tombstone export business thriving at the time, where they theorize the tombstone began its journey. Burial within a church was typically saved for high-status individuals and clergy, and Yeardley was one of two knights to die while the Jamestown church was in use, according to Jamestown Rediscovery. Colonial period cemeteries have suffered neglect and vandalism, with the Knight’s Tombstone likely surviving for as long as it did because vegetation concealed it, she added. It seems to be pretty inherent there in nature, but most (colonists) didn’t have the resources to import a nice carved stone,” Key said. “There were a lot of people being buried in the church, but only one of them had a big old black (limestone) tombstone from Belgium.”

Persons: ”, Marcus Key, Joseph Priestley, Sir George Yeardley, England, Marcus, Mary Anna Hartley, Hartley, Yeardley, Weeks, —, ” Hartley, “, Queen Elizabeth II’s, King George VI, George’s, didn’t Organizations: CNN, Tombstone, International, Philosophy, Dickinson College, Key, Dickinson College Geosciences, General Assembly, First Peoples Locations: United States, Jamestown , Virginia, North America, Europe, Belgian, Carlisle , Pennsylvania, Belgium, London, Jamestown, Ireland, Virginia, England, Tombstone, America, British, St, Windsor

☆ U.S. Treasury yields edge higher as traders await key inflation data
▼ + stars: | 2024-10-31 | by ( April Roach | ) www.cnbc.com time to read: +1 min

One basis point is equivalent to 0.01%. The 10-year Treasury yield was less than one basis point higher at 4.27%. The 2-year Treasury note yield added one basis point to 4.16%. U.S. Treasury bond yields rose as traders reviewed the gross domestic product reading for the third quarter and looked ahead to key inflation data out later in the session. A report on weekly jobless claims and the third-quarter reading on the employment cost index are also scheduled for release on Thursday.

Persons: Dow Jones Organizations: U.S, Treasury, Federal, Traders, Fed Locations: U.S

☆ Bronny James scores first points of his NBA career, 21 years and one day after LeBron’s first in the league
▼ + stars: | 2024-10-31 | by ( Matias Grez | ) edition.cnn.com time to read: +6 min

Lakers head coach JJ Reddick finally obliged and put Bronny into game in the fourth quarter to a loud ovation from the Cleveland crowd. With just over two minutes remaining, the younger James gave the crowd the moment they had been waiting for and scored his first career NBA points with a step-back jump shot. The pair made history on the opening day of the season when they became the first father-son duo to appear together in an NBA game. It was a special moment for me for sure.”It was fitting James' first points came against his hometown team. Lynne Sladky/APJalen Brunson had 22 points and nine assists for the Knicks, while Josh Hart had a double-double with 10 points and 14 rebounds.

Persons: CNN —, James, LeBron James, JJ Reddick, LeBron –, LeBron, Bronny, ” Bronny, ”, Ken Blaze, Reuters Bronny, LeBron’s, ” “ I’ve, “, he’s, Indiana’s, Pascal Siakam, Marc Lebryk, Reuters Siakam, Bennedict Mathurin, Tyrese, Jayson Tatum, Jaylen Brown, Derrick White, KAT, Karl, Anthony Towns, Lynne Sladky, AP Jalen Brunson, Josh Hart, Tyler Herro, Jimmy Butler, Bam Adebayo Organizations: CNN, Cleveland Cavaliers, Los Angeles Lakers, Lakers, NBA, Cavaliers, hometown Cavaliers, Golden State Warriors, LeBron, USA, Sports, Reuters, ” Pacers, Celtics, Indiana Pacers, Boston Celtics, Eastern, Boston, Pacers, Toronto Raptors, Knicks, New York Knicks, Miami Heat, Minnesota Timberwolves, AP, Cleveland Cavaliers Boston Celtics, Indiana Pacers New York Knicks, Miami Heat Atlanta Hawks, Washington Wizards Detroit Pistons, Philadelphia 76ers Toronto Raptors, Charlotte Hornets Brooklyn Nets, Memphis Grizzlies Orlando Magic, Chicago Bulls San Antonio Spurs, Oklahoma City Thunder New Orleans Pelicans, Golden State Warriors Portland Trail Blazers, Los Angeles Clippers Locations: Cleveland, Akron, Boston, Indiana, Tyrese Haliburton

☆ Sausage-maker thinks he’s found the answer to Germany’s raccoon problem
▼ + stars: | 2024-10-31 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

After receiving the green light, Reiss started making his “raccoon balls,” meatballs made from raccoon meat, which he said turned out to be a hit at the fair and with customers at his shop, which is called Wildererhütte. Annegret Hilse/ReutersSoon Reiss was selling online, and he now makes a total of seven raccoon meat products, including salami. “We’re the only place in Europe selling raccoon meat,” Reiss told CNN. But if you didn’t know, you wouldn’t realize that anything is too different.”Reiss pictured making a salami containing raccoon meat. Annegret Hilse/ReutersWhile Reiss’ raccoon products have become a novelty attraction for visitors to Kade, they are also a response to a serious problem, he says.

Persons: Michael Reiss, Reiss, meatballs, Raccoon, Annegret Hilse, ” Reiss, I’ve, ”, Hilse Organizations: CNN, Green, Reuters, “, Conservation Union, Goethe, Research Society Locations: Germany, Kade, Berlin, Europe, Frankfurt, North America

☆ 'Silver economy' boom: China transforms kindergartens into senior care homes as demographic crisis deepens
▼ + stars: | 2024-10-31 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

Plagued by shrinking birth rates and a rapidly aging population, tens of thousands of Chinese kindergartens have scaled back operations, closed down entirely or pivoted industries to survive. One preschool in the eastern province of Zhejiang still operates as a daycare, but instead of serving children, they're now catering to senior citizens. Last year, Zhuang Yanfang, 56, repurposed her kindergarten in the city of Jinhua, Zhejiang, into a senior nursing center. Conversely, as preschools suffer, the senior care industry is thriving in China's aging population crisis. "China's aging will only intensify," said Harry Murphy Cruise, an economist at Moody's Analytics.

Persons: Zhuang Yanfang, Harry Murphy Cruise, Cruise Organizations: China's Ministry of Education, China's Communist Party, Office, State Council, Moody's Locations: Zhejiang, Jinhua, China

☆ Euro zone inflation rises to higher-than-expected 2% in October
▼ + stars: | 2024-10-31 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Inflation in the 20-nation euro zone rose to 2% in October, preliminary figures released by statistics agency Eurostat showed Thursday. The fresh Thursday inflation print is seen as crucial in judging whether the European Central Bank could consider implementing a jumbo half-percentage-point cut in interest rates at its next meeting in December. The central bank has so far trimmed rates three times this year, making quarter-point increments that altogether took the central bank's key rate from 4% to 3.25%. Traders are also considering the latest growth figures for the euro area, which showed better-than-expected 0.4% expansion in the third quarter, even as analysts predicted further weakness ahead. The ECB said during its October meeting that sluggishness in the euro zone's economic activity had added to its confidence that inflation will not resurge dramatically.

Organizations: Reuters, European Central Bank, Traders, ECB Locations: Bonn, Germany

A recent court filing included six decks MrBeast's team made to pitch brands like GM, Ford, and LG. As in most media pitches, MrBeast's team focused on his audience demographics, scale, and splashy content to woo brands. In each deck, MrBeast's team shared metrics like subscriber and follower counts, monthly views, and unique viewers to showcase the scale of his YouTube empire. Advertisement"The Next Generation Is Not Watching TV," the MrBeast team wrote in many of the pitches. Keep reading for more details from MrBeast's pitch deck for General Motors, dated February 2023.

Persons: —, Burger, MrBeast, Jimmy Donaldson, Jeffrey Housenbold, Mario, Donaldson, he'll Organizations: GM, Ford, LG, Service, General Motors, Walmart, Mario Bros, Verizon, Amazon's, Entertainment Locations: CarMax, Hollywood

☆ China tells carmakers to pause investment in EU countries backing EV tariffs, Reuters reports
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: +1 min

China has told its automakers to halt big investment in European countries that support extra tariffs on Chinese-built electric vehicles, two people briefed about the matter said, a move likely to further divide Europe. The new European Union tariffs of up to 45.3% came into effect on Wednesday after a year-long investigation that divided the bloc and prompted retaliation from Beijing. Ten EU members including France, Poland and Italy supported tariffs in a vote this month, in which five members including Germany opposed them and 12 abstained. Chinese automakers including BYD , SAIC , and Geely were told at a meeting held by the Ministry of Commerce on Oct. 10 that they should pause their heavy asset investment plans such as factories in countries that backed the proposal, said the people. They declined to be named, as the meeting was not public.

Persons: Geely Organizations: European, BYD, SAIC, Ministry of Commerce Locations: Farnborough, Britain, China, Europe, Beijing, France, Poland, Italy, Germany

☆ A market hedge for those worried neither Trump nor Harris will do anything about the growing fiscal deficit
▼ + stars: | 2024-10-31 | by ( Michael Khouw | ) www.cnbc.com time to read: +6 min

By contrast, Vice President Kamala Harris's tax plan is expected to increase tax revenues by $1.7 trillion over 10 years, but at a cost of negative 2% to long-run GDP and 786,000 jobs. The Wharton School of the University of Pennsylvania estimates that, including her spending proposals, the primary deficits would increase by $1.2 trillion, and accounting for adverse economic feedback effects, primary deficits increase to $2 trillion. Higher deficits and higher debts, just with different paths to get there. One candidate proposes cutting taxes to improve economic activity but increase deficits, and the other proposes raising taxes and increasing spending by even more and growing deficits. If the deficit keeps increasing faster than our economy grows, so will the debt, inflation, and interest rates.

Persons: We'll, Donald Trump's, Kamala Harris's, Harris, Kamala Harris, Bernie Sanders, Treasuries Organizations: Tax Foundation, Wharton School, University of Pennsylvania, Medicare, Green New Deal, TLT, Treasury Bond ETF, CNBC, NBC UNIVERSAL Locations: United States, Europe

Search resuls for: "General"

25 mentions found