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Mārtiņš Kazāks, Bank of Latviawatch nowOn a 50-basis-point rate cut: "Well, everything should be on the table, you know, given what the data tells us. Klaas Knot, Netherlands central bankwatch now"Are we risking a structural undershoot of our inflation target? Joachim Nagel, German central bankwatch nowOn rate cuts: "This discussion about 25 or maybe something different is not helpful. On rate cuts: "The direction is clear. Gediminas Šimkus, Bank of Lithuaniawatch nowOn rate cuts: "We are clearly moving ... towards the direction of easing monetary policy.
Persons: Karen Tso, Pierre Wunsch, I'm, we've, Mario Centeno, Klaas, It's, Robert Holzmann, Joachim Nagel, disinflation, Volcker, Olli Rehn, it's, Gediminas Šimkus, Boris Vujčić Organizations: European Central Bank, International Monetary, Bank of Latvia, National Bank of Belgium, Bank of Portugal, Austrian National Bank, Bank of France, Bank of Finland, Bank of Lithuania, Croatian National Bank Locations: Washington ,, Kazāks, Netherlands, German, Galhau, Europe
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
Asia-Pacific markets were mixed on Friday, with investors awaiting Japan's general election over the weekend. Japan also released its October inflation numbers for the capital city of Tokyo on Friday, its last key economic data before the election. Tokyo's inflation is widely considered a leading indicator of nationwide trends. The city's headline inflation rate fell to 1.8% in October from 2.2% the month before, with core inflation — which strips out prices of fresh food — also coming in at 1.8%, down from 2%. Economists polled by Reuters had forecast the core inflation rate in Tokyo to slow to 1.7% in October.
Persons: Japan's Organizations: Reuters Locations: Asia, Pacific, Japan, Tokyo
CNN —US intelligence has assessed that Russian operatives were behind a fake video purporting to show someone destroying mail-in ballots in Bucks County, Pennsylvania, that circulated on social media Thursday. CNN reported earlier Friday that US investigators suspected that Russian operatives were behind the fake video, according to two sources briefed on the matter. The Board of Elections in Bucks County, north of Philadelphia, was quick to debunk the video on Thursday. But the video was hatched by Russian operatives, according to Darren Linvill, an expert on Russian disinformation campaigns at Clemson University. Russian operatives have tried to denigrate Harris’ campaign, Iranians have tried to undercut Trump’s, while China has largely focused on down-ballot races.
Persons: , Donald Trump, Kamala Harris, Darren Linvill, , Linvill, denigrate Harris, Tim Walz, Patricia Poprik, ” Poprik, Poprik, “ It’s, it’s, Harris, Tim Lister Organizations: CNN, IC, Intelligence, National Intelligence, Federal Bureau of Investigation, Infrastructure Security Agency, stoke, Bucks County, Russian, Clemson University, Storm, Democratic, Microsoft, Bucks County Republican Party, Facebook, Trump Locations: Bucks County , Pennsylvania, Pennsylvania, Bucks County, Philadelphia, Bucks, Russia, Iran, China, Trump’s, Russian
It’s still playing football, just in a different country and a different league, but it’s still basically the same. “I am free, relaxed and I’m playing football. “I began to feel the media glare more when I left Newcastle,” Carroll says. But the happiest part of my life is when I go out and play football. I just want to keep playing because that’s really all I’ve ever known.”(Top photos: Getty Images; design: The Athletic)
Persons: Andy Carroll’s, , Carroll, , ” Carroll, you’d, “ I’d, I’ve, messaged Carroll, Chris Waugh, It’s, it’s, , , I’d, ” John Williams, Williams, Bruno Irles, ‘ That’s, ” Carroll —, , “ I’m, we’ve, Billi, You’ve, you’re, Rod Stewart’s, there’s, “ It’s, “ Weirdly, Chris Hughton, Chris, Mike Ashley, Alan Shearer, Andy, he’ll, , Andy Carroll, Andrew Powell, ” Carroll “, I’m, ‘ He’s, “ You’ve, “ Mike Ashley, Steve Bruce, Bordeaux, Lucas, LeBron James ”, “ I’ve, that’s Organizations: Athletic, Gateshead, British, Newcastle United, Newcastle, Reading, Europa League, Ligue, B, Championnat, Girondins de Bordeaux, Amiens, Premier League, Stade de Bordeaux, , England, Liverpool, Liverpool FC, Getty, The Athletic, Chateaubriant Locations: France, Bordeaux, England, France’s, Carroll, Amiens, Saumur, Saudi, Paris, Cannes, West Ham, Gateshead, Newcastle, Liverpool
A handful of companies reporting results in the upcoming week could see an earnings-powered boost. Megacap titans Microsoft , Amazon and Apple will headline the week, alongside other names within the travel, pharmaceuticals, energy and restaurant sectors. CNBC Pro screened FactSet for the companies reporting earnings next week that could receive a positive earnings surprise and see a jump in their shares. More than eight out of 10 of analysts covering Amazon view it as a buy, and the average price target suggests about 31% upside. Shares of Aptiv could rise another 29% from here, according to the average price target.
Persons: TD Cowen, Cowen, Andrew Kligerman, Aptiv, Wells, Colin Langan Organizations: Dow Jones, Megacap, Microsoft, Apple, CNBC, Insurance, MetLife, Bank of America, Citi, Amazon, Mastercard, Visa
The Atlantic magazine has found itself in Elon Musk’s crosshairs after it fact-checked a fake image he shared that depicted an article with a headline that never actually ran in the publication. The statement did not mention Musk by name. According to The Atlantic, it is one of several notable instances in the last several years in which faked images of articles from the magazine have gone viral. Both Musk’s and the user’s posts with the fake article were later marked with “Community Note” that clarified that the image was “not a real article.” The Community Note also attributed the edited image to the user and said it was “a satirical edit/photoshop of another article.” Musk did not respond to a request for comment. Forbes reported that in August, Musk reshared a post including a manipulated headline that resembled the British newspaper The Telegraph.
Persons: Elon Musk’s, “ Trump, , Musk, , haring, ake, ike, ould, egan, ince, ike F all” Organizations: The, ats Locations: Elon, tring, ashington, ost, usk
Emma Tucker became The Wall Street Journal's first-ever female editor-in-chief in 2023. So we're doing things to make our audiences engaged, rather than thinking about "this is how we do things." What's not useful to Wall Street Journal readers? I mean, the amount of time that people spend reading The Wall Street Journal has gone up. And the one thing I can say with absolute certainty is there is a place for Evan at The Wall Street Journal.
Persons: Emma Tucker, Joe Biden's, Evan Gershkovich, , Murdoch, Joe Biden, Weeks, Biden, Tucker, Joe, It's, Mike Johnson, Kevin McCarthy, I've, there's, You've, We've, We're, we've, you've, Evan Organizations: Service, Sunday Times, Washington, Wall Street, Street Locations: Joe Biden's, England, Russia
Washington-based &Pizza promoted a new menu item Monday called Marion Berry Knots, a dessert with marionberries. &Pizza on U Street in Washington, D.C., on Tuesday. A statue of the four-term mayor stands outside the Wilson Building downtown, and Southeast Washington has Marion Barry Avenue SE. D.C. Council member Marion Barry at the end of an unfinished streetcar line in the Anacostia neighborhood of Washington on Oct. 14, 2014. She “requested that the attorneys for the Estate of Marion Barry Jr. look into the matter and act accordingly,” the representative said.
Persons: Life ” Marion, Pizza, Marion Berry Knots, , Craig Hudson, Austin Lee, Mike Burns, that’s, ” Barry, Marion Barry, Barry, Evelyn Hockstein, Akosua Ali, Marion Barry’s, Ron Moten, ” Moten, Barry's, Cora Masters Barry, , Marion Barry Jr, Peyton Sherwood Organizations: Protesters, D.C, Life, NBC Washington, Washington , D.C, The Washington, Getty, Pizza, Marion, FBI, Washington, Ward, NAACP Locations: WASHINGTON, Washington, Washington ,, Skyland, Southeast Washington, Wilson, Anacostia, Maryland , Virginia , New Jersey, Pennsylvania
As part of his efforts leading up to Election Day, former President Donald Trump will address the Asian American and Pacific Islander community at a rally in Nevada on Thursday. Trump will take the stage in Las Vegas alongside former GOP presidential candidate Vivek Ramaswamy and former Rep. Tulsi Gabbard of Hawaii in one of his first events geared toward Asian American communities. Organizers say they aim to bring Asian voters into the conservative movement and convince them Trump is the best choice for them. Exit polling after the 2020 election showed 58% of eligible voters in the community supported Joe Biden, while 40% supported Trump. Progressive Asian American and Pacific Islander leaders take issue with Kirk’s characterization that Asians in the state are aligning with Trump, saying their observation has been the opposite.
Persons: Donald Trump, Trump, Vivek Ramaswamy, Tulsi Gabbard, Charlie Kirk, , Trump’s, Joe Biden, Harris, , Eric Jeng, Steven Cheung, President Trump Organizations: American, Pacific, GOP, Change, Trump, Organizers, Progressive Locations: Pacific Islander, Nevada, Las Vegas, Hawaii, American, APIA Nevada
CNN —Armed assailants launched a deadly “terror” attack on Turkey’s state-run aerospace company near the capital Ankara on Wednesday, government officials said. At least five people were killed and 22 injured in the “terrorist attack” on the Turkish Aerospace Industries (TUSAS) headquarters in the outskirts of Ankara, said Interior Minister Ali Yerlikaya. The attack occurred while Turkish President Recep Tayyip Erdogan was in the Russian city of Kazan to attend the annual BRICS summit. Turkish Aerospace IndustriesTurkey is a member of the North Atlantic Treaty Organization. “An attack on a major Turkish defense contractor, a public company, but also the crown jewel of Turkey’s defense industry, is going to be a huge trauma,” she said.
Persons: , Ali Yerlikaya, , Cevdet Yılma, Yasar Guler, Guler, , ” Yerlikaya, Mehmet Demiroglu, TUSAS, Ragip, Recep Tayyip Erdogan, Vladimir Putin, Erdogan, Mark Rutte, Mansur Yavas, Yilmaz Tunc, Aslı Aydıntaşbaş, “ It’s, ” Aydıntaşbaş, Tal Rifa’at, Farhad Shami, Mazloum Abdî, Serdar Ozsoy, Kamiran Hassan, Asos, Ebubekir Şahin, Netblocks, Putin, ” Putin, Turkey “ Organizations: CNN, Turkish Aerospace Industries, Turkish, Turkish Defense, Kurdistan Workers ’ Party, European Union, Social, Turkey’s Nationalist Movement Party, Reuters, Anadolu, Turkey’s Ministry of Industry, Technology, TUSAS, Atlantic Treaty Organization, NATO, European Council, Foreign Relations, Syrian Democratic Forces, SDF, ISIS –, of Communications Center, ” Broadcasters, Television Supreme, Facebook, YouTube, US State Department Locations: Ankara, Turkey, United States, Syria, Iraq, Ragip Soylu, Russian, Kazan, Turkish Aerospace Industries Turkey, Turkish, Kurdish, Kobani, Tal, Aleppo, Mawat, Sulaymaniyah, Iraq’s Kurdistan, Turkey’s
Mike Kemp | In Pictures | Getty ImagesLONDON — The U.K. is likely to see interest rates drop at a faster pace than previously expected, according to economists who flagged key data releases that indicated inflationary pressures are finally easing. However, economists at Goldman Sachs in a Monday note forecast rate cuts "notably below market pricing." As a result, they see consecutive 25 basis point cuts taking the Bank Rate to 3% as early as September 2025, and to 2.75% in November next year. "Recent data have cemented expectations of another cut in interest rates in November. "That said, uncertainty around the economic outlook is high, and interest rate expectations will be sensitive to what the government announces in the Budget," Muir added.
Persons: Mike Kemp, Goldman Sachs, BOE, Price, , James Smith, Smith, David Muir, Muir, Keir Starmer, Rachel Reeves Organizations: of England, Labour, Bank of England's, BOE policymakers, Bank of England, ING . Services, Reuters, International Energy Agency, U.S . Federal Reserve, European Central Bank, Moody's, Finance Locations: City of London, London, United Kingdom
"The global battle against inflation is almost won," the IMF report trumpeted, even as it called for "a policy triple pivot" to address interest rates, government spending, and reforms and investment to boost productivity. The fund kept its global growth estimate at 3.2% for 2024 and 2025 — which it called "stable yet underwhelming." Market volatility among key downside risksHeightened financial volatility is another threat to global growth, the IMF report said. Further challenges to global financial markets could come in the final stretch of the fight against inflation. The IMF forecasts global growth will rise 3.1% annually at the end of the 2020s, the lowest level in decades.
Persons: Pierre, Olivier Gourinchas Organizations: International Monetary Fund, Global, Vigilance, IMF Locations: Washington , DC, United States, The Washington, Brazil, Mexico, America, Europe
Robert Downey Jr. discussed SpaceX founder Elon Musk on the Kara Swisher podcast. The "Iron Man" star said he wishes the businessman "would control his behavior a little more." Musk had a cameo in "Iron Man 2" because he has been compared to Downey Jr.'s character, Tony Stark. AdvertisementRobert Downey Jr. said Elon Musk should "control his behavior a little more," jabbing the billionaire CEO who has often prompted comparisons with Tony Stark. Gwyneth Paltrow as Pepper Potts, Robert Downey Jr. as Tony Stark, and Elon Musk in "Iron Man 2."
Persons: Robert Downey Jr, Elon Musk, Kara Swisher, Musk, Downey, Tony Stark, , Downey Jr, Stark, Gwyneth Paltrow, Pepper Potts, — Swisher, that's, Mark Fergus, Donald Trump, Steve Jobs, Fergus, Trump, Tesla, Machete Organizations: SpaceX, Service, Marvel, Monaco, Prix, Paramount, Marvel Studios, Disney, New York Magazine, Apple
Some analysts expect Tesla's third-quarter earnings to signal a turning point, while others see more pain ahead. AdvertisementTesla will report third-quarter earnings results after the market close on Wednesday, and Wall Street will be hyper-focused on the company's core auto business. However, some analysts on Wall Street expect the upcoming third-quarter earnings print will be a sign that the worst is behind Tesla. Here's what Wall Street expects from Tesla's upcoming earnings report. But perhaps more important than vehicle deliveries for Wall Street is Tesla's profit margins.
Persons: , Tesla, Dan Levy, Levy, Wells, Colin Langan, Langan, Dan Ives, Ives, Joel Levington, Levington Organizations: Service, Wall, Barclays, Tesla Energy, Tesla, Bloomberg Intelligence, Acura, Volvo Locations: Wells Fargo, Wells
Planning the local stops now can be as labor-intensive for campaign staff as putting on a full event, the sources said. The limitations on local stops is the new reality as both candidates race across battleground states in what polling has shown to be a contest that hangs within the margin of error. “In order to maintain operational security, the U.S. Secret Service does not discuss the specific means and methods used to conduct its protective operations. However, in this increased threat environment, the Secret Service is constantly adjusting our protective posture to ensure the highest levels of protection at all times and in all places,” U.S. Secret Service spokesperson Special Agent Matt Young said in a statement to NBC News. The McDonald's was closed for normal business, and the cars that went through the drive-thru were pre-selected and screened by Secret Service in advance.
Persons: Kamala Harris, Donald Trump’s, they’ve, , Harris, typify, Matt Young, , Trump, Sen, JD Vance, Ohio, ” Vance, That’s, Vance, he’ll, Joe Biden, Charlemagne Tha God Organizations: Secret Service, Trump, Secret, NBC News, Service, bodega, Fox Locations: U.S, Butler , Pennsylvania, Harlem, Pennsylvania, Williamsport , Pennsylvania, Michigan, Detroit
Earnings drove the stock market higher — can they do it again in the week ahead? But he acknowledged that timing is key because our portfolio discipline mandates that we consider lightening up our stock exposure in an overbought market. In fact, AMD was our worst-performing stock for the entire week, losing more than 7% following the prior week's 1.8% slide. Energy was the worst sector of the week for the market as oil prices sank. In the week ahead, housing numbers are the main draw on the economic front.
Persons: Jim Cramer, ASML, Morgan Stanley, WTI, industrials, We're, Sartorius, Danaher, we're, Stanley Black, Lockheed Martin, Philip Morris, Clark, Baker Hughes, Lam, DOV, CARR, Davidson, Northrop, Edwards Lifesciences, Jim Cramer's, Jim, Stocks, Tuesday's, Spencer Platt Organizations: Dow, Nasdaq, Netflix, Modelo, Corona, Constellation Brands, Taiwan Semiconductor Manufacturing Company, Nvidia, AMD, Broadcom, Club, Abbott Laboratories, Energy, Texas, Honeywell, Danaher, Federal Reserve, Treasury, SAP, Logitech, Verizon, General Motors, GE Aerospace, GE, Lockheed, Quest Diagnostics, Norfolk Southern, Polaris, Seagate Technology, Texas Instruments, Canadian National Railway Company, Boeing, GE Vernova, Fisher, Boston, General Dynamics, Hilton, Lam Research, Business Machines, IBM, Newmont, Viking Therapeutics, Vista Energy, Mattel, O'Reilly Automotive, Whirlpool, American Airlines, United Parcel Service, Southwest Airlines, Tractor Supply Company, Carrier Global, Dow Chemical, DOW, Harley, Union Pacific, Valero Energy, Hasbro, Northrop Grumman, Ryder, Boyd Gaming, Western, Boston Beer Company, York Community Bancorp, Colgate, Palmolive, Newell Brands, Jim Cramer's Charitable, CNBC, NEW, Traders, New York Stock Exchange, Getty Locations: BlackRock, CrowdStrike, U.S, Dover, Freeport, McMoRan, Kimberly, Norfolk, Las, ORLY, VALE, New York City
The S&P 500 has enjoyed a bull market since October 2022, rising nearly 70%. AdvertisementThe stock market has been experiencing a bull market for the last two years. The Magnificent Seven drove much of the returns for the S&P 500 this year, contributing 34% of the index's total return. Analysts expect S&P 500 companies to report 4.2% profit growth for Q3. Ever since World War II, bull markets that have lasted two years continue onwards for a third.
Persons: LPL Financial's Quincy Crosby, , Quincy Crosby, LPL, Crosby, JPMorgan Chase, Goldman Sachs, Wells, Jack Ablin, Jerome Powell, Buchbinder Organizations: Service, LPL, Federal, Bull, JPMorgan, Wells Fargo, Morningstar, Cresset Capital Management, Federal Reserve Locations: America
S & P 500 money is oblivious to stock valuations of any kind and ignorant to upgrades and downgrades. The Lilliputian sellers regularly fail to do damage when matched with the oblivious index money. A 4% 2-year note isn't competitive to the magnet of the S & P 500 and its kin. That's emblematic of what happens with a big buyback without stock-based compensation (something many tech firms use that renders moot the S & P 500 inflows). Because of the way that the S & P 500 money is divvied up, the share base becomes overwhelmingly index-fund based and the index fund shareholders do not sell.
Persons: Morningstar, Smoot, Herbert Hoover's, Warren Buffett, Buffett, Jerome Powell, haven't, Charlie Scharf, Wells, Banks, Charlie, Morgan Stanley, Ted Pick, James Gorman, Schwab, Gamble, Jim Umpleby, that's, Butch Cassidy, Jim Cramer's, Jim Cramer, Jim, Charles Scharf, Kyle Grillot Organizations: Federal Reserve, Commerce Department, Taiwan Semi, Trust, Fed, Triple AAA Robinhood, Morgan, Procter, United Airlines, Exxon, Caterpillar, Boeing, Apple, Meta, Sundance, Jim Cramer's Charitable, CNBC, Milken Institute Global Conference, Bloomberg, Getty Locations: Hawley, McCumber, Taiwan, Arizona, American, Wells Fargo, Wells, China, Chevron, Beverly Hills, Calif
CNN —Donald Trump called Democratic Reps. Adam Schiff and Nancy Pelosi each “an enemy from within,” even as the former president’s Republican allies attempt to argue that his previous comments labeling political opponents as such are being misinterpreted. But when you look at ‘Shifty Schiff’ and some of the others, yeah, they are, to me, the enemy from within,” Trump said in an interview on Fox News’ “MediaBuzz” that aired Sunday. Fox News’ Howard Kurtz gave Trump an opportunity to clarify — “He’s a political opponent of yours, but is he an enemy?” — to which Trump responded, “Of course he’s an enemy, he’s an enemy.”Trump also called Pelosi an “enemy from within,” falsely claiming the then-speaker of the House had the opportunity to protect the US Capitol on January 6, 2021. “I did not hear President Trump in that clip say he’s going to sic the military on Adam Schiff. He’s talking about using the National Guard and the military to keep the peace in our streets.”And Virginia Gov.
Persons: Donald Trump, Adam Schiff, Nancy Pelosi, Shifty Schiff, ” Trump, Fox News ’ Howard Kurtz, Trump, Pelosi, , , California Democrat “ didn’t, Chris Miller, ” Miller, Maria Bartiromo, Kamala Harris ’, Harris, Tim Walz, Mike Johnson, ” Johnson, CNN’s Jake Tapper, Tapper, Schiff, Johnson, That’s, Jake, Glenn Youngkin, ” Tapper, Adam Schiff … who’s, CNN’s Priscilla Alvarez, Eric Bradner, Ali Main, Daniel Dale, Zachary B, Wolf Organizations: CNN, Democratic, Republican, Fox News, Capitol, National Guard, California Democrat, Capitol Police Board, US Capitol Police, Trump, Minnesota Gov, GOP, Union, Louisiana Republican Locations: California, , “ State, Louisiana, Virginia
The relievers stitched together 27 outs against a Mets team that had appeared allergic to cardiac arrest this month. AdvertisementWhen Dodgers officials thought about Ohtani, they conjured fantasies about endless streams of revenue and a decade of contending for the World Series. For a few hours after the story broke, Dodgers team president Stan Kasten wondered if the team had built its future around a fraud. The Dodgers hung nine runs on the Mets in Game 1, eight in Game 3 and 10 in Game 4. In Game 6, Mets manager Carlos Mendoza turned to Sean Manaea, his best starter, who had quieted the Dodgers in Game 2.
Persons: Shohei Ohtani, Tommy Edman, Will Smith, Ohtani, Dave Roberts, Andrew Friedman, hobbled, It’s, ” Roberts, Yoshinobu Yamamoto, Yamamoto, Friedman, Tyler Glasnow, Mookie Betts, Freddie Freeman, Ippei, Stan Kasten, Mizuhara, ” Ohtani, Will Ireton, Betts, Clayton Kershaw, Glasnow, Freeman, Ken Rosenthal, Rosenthal, Hernández, ” Hernández, , ” Rosenthal, Carlos Mendoza, Sean Manaea, Michael Kopech, Teoscar, Edman, Max Muncy, Phil Maton, Smith, SMITH, HOMER 💪, odgers, ake Organizations: ANGELES, National League pennant, Los Angeles Dodgers, National League Division, Dodgers, The Dodgers, New York Mets, National League, Mets, New York Yankees, Dodger, San Diego, Tampa Bay Rays, National League West, Padres, The Athletic, Milwaukee Brewers, Philadelphia Phillies, Manaea Locations: San, Los Angeles, Ohtani, tatters, San Diego, Queens
Inflation is not deadDaly began her talk with an anecdote of a recent encounter she had while walking near her home. But the conversation encapsulated a dilemma for the Fed: If inflation is on the run, why are interest rates still so high? As evidenced by the young man's question, convincing people that inflation is easing is a tough sell. watch nowThe annual rate of CPI inflation was 2.4% in September, a vast improvement over the 9.1% top in June 2022. However, year-over-year spending increased just 1.7%, below the 2.4% CPI inflation rate.
Persons: Brandon Bell, Goldman Sachs, Mary Daly, Daly, Goldman, Jerome Powell, , hasn't, haven't Organizations: Walmart, Federal Reserve, San Francisco Fed, New York University Stern School of Business, Commerce Department, Fed, York Fed, Bank of America, National Federation of Independent Business Locations: Austin , Texas, U.S, , Wyoming, Atlanta, York
Staple’s plight highlights the unusually difficult situation of young Americans trying to kick-start their careers, even as the broader US economy remains in good shape. Indeed, the job market overall remains in decent shape. A ‘victim of circumstance’Everyday Americans are always at the mercy of the economy — whether it’s navigating difficulties such as high inflation and a recession, or a red-hot job market that benefits workers. Having a tough time landing that first job, in part because of broader economic forces, can have lasting consequences. “For young workers, their first few years out of school are very formative for their careers.
Persons: Kirsten Staple, ” Staple, That’s, , , Julia Pollak, ZipRecruiter’s, , they’re, Daniel Zhao, Zhao, Millennials, Jonathon Courtney, hasn’t, Courtney, I’ve, ” Courtney, who’ve, there’s, Catherine Dugoni Camille Larsen Catherine Dugoni, “ It’s, ” Dugoni, isn’t Organizations: Washington CNN, University of Texas, Labor Department, CNN, Federal Reserve, Employers, Glassdoor, University of Houston Locations: San Antonio, El Paso , Texas, , Houston, Sacramento , California, San Francisco
The skyline of the central business district in Beijing on August 13, 2019. (Photo by WANG Zhao / AFP)Asia-Pacific markets opened mixed Friday, as investors awaited key economic data from China and assessed Japan's inflation numbers. China's third-quarter GDP is expected to come in at 4.5%, as estimated by economists in a Reuters poll, compared with 4.7% growth in the prior quarter. China is set to release its house prices index for September at 9:30 a.m. local time. Japan's headline inflation for September came in at 2.5%, while core CPI — which excludes fresh food prices — rose 2.4% year on year compared with Reuters estimates of 2.3%.
Persons: WANG Zhao Locations: Beijing, AFP, Asia, Pacific, China
Christine Lagarde, president of the European Central Bank (ECB), left, and Wolfgang Proissl, director of general communications at the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, Sept. 12, 2024. The European Central Bank is widely expected to announce its third interest rate cut of the year at its Thursday meeting, after policymakers flagged reduced inflation risks and a weakening growth outlook. Headline price rises in the euro area eased to 1.8% in September, coming in below the central bank's 2% target for the first time in three years. A cut on Thursday would see the ECB reducing rates at consecutive meetings for the first time in 13 years. Expectations for a faster pace of monetary easing have built since the ECB's Sept. 12 meeting, when market pricing suggested just one more rate cut this year, rather than the two priced in as of Thursday morning.
Persons: Christine Lagarde, Wolfgang Proissl Organizations: European Central Bank, ECB Locations: Frankfurt, Germany
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