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☆ Trump win would hammer growth and send inflation soaring in Europe, ECB official says
▼ + stars: | 2024-10-09 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

A Trump win would pose risks to economic growth and inflation in Europe, ECB member Joachim Nagel says. Officials in Europe, for their part, are warily eyeing what a Donald Trump win would mean. Nagel's comments come just weeks before the US presidential election and follow previous warnings from ECB members about the potential impact of a Trump win. AdvertisementBack in January, ECB president Christine Lagarde said a Trump win is "clearly a threat" to Europe considering the policies he implemented during his first term in office. She pointed to Trump's tariffs, commitment to NATO, and climate change policies, which she said were misaligned with European interests.

Persons: Joachim Nagel, Nagel, —, Donald Trump, Trump, he'd, " Nagel, there's, it's, Harris, Kamala Harris, Christine Lagarde Organizations: Trump, Service, European Central Bank Governing, Tuesday, Bloomberg, Federal, NATO Locations: Europe, Germany, Berlin, Italy, EU

☆ Meme coins tied to the identity of bitcoin's inventor have rallied ahead of a new documentary that could reveal their identity
▼ + stars: | 2024-10-08 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

The jump in bitcoin creator-themed tokens comes ahead of a new HBO documentary about bitcoin. Crypto watchers believe the film will reveal the true name of bitcoin's pseudonymous creator, Satoshi Nakamoto. Coins like LEN, SASHA, and ODIN reference Len Sassaman, an American programmer long suspected of being bitcoin's creator. SZABO, meanwhile, a coin referencing computer scientist Nick Szabo, is up 377%. AdvertisementIn recent days, participants have increasingly bet in favor of Nick Szabo, a computer scientist who published research on bitcoin's precursor "bit gold."

Persons: Satoshi Nakamoto, —, LEN, SASHA, ODIN, Len Sassaman, SASHA —, SZABO, Nick Szabo, ADAM, Adam Back, Nakamoto, Satoshi Nakamotor, Sassaman, Meredith Patterson, Cullen, Szabo Organizations: HBO, Service, CoinMarketCap Locations: American, bettors

☆ The bar for earnings is low, and stocks should rise as long companies are feeling upbeat about lower rates, BofA says
▼ + stars: | 2024-10-08 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

As long as companies report that they're feeling good about lower interest rates, stocks should rise. That's according to Bank of America, which notes that apart from that dynamic, the bar for third-quarter earnings set by Wall Street is pretty low. The analysts expect 2% earnings growth, below consensus estimates of 4% and second-quarter earnings growth of 11%. As long as companies have managed through macro headwinds and see early signs of improvement from lower rates, stocks should get rewarded," the analysts said in a Tuesday note. The analysts recommend watching those sectors for early signs of improvement from lower rates ahead of earnings.

Persons: — Organizations: Bank of America, Service, Wall, Federal Reserve, Manufacturing

☆ The 9 Elements of a Trump Rally
▼ + stars: | 2024-10-08 | by ( Ian Prasad Philbrick | Ashley Wu | ) www.nytimes.com time to read: +89 min

We have some voters, they’re for us, but they’ve never voted and they’re going to want to vote. There’s something wrong with Kamala and I just don’t know what it is, but there is definitely something missing. They’re going to get him in Florida.” It was always… That seemed to be the documents case. That’s great. They’re great.

Persons: there’s, I’m, It’s, Joe Biden, Kamala Harris, “, Trump, we’re, would’ve, Tim Walz, Biden, I’d, Rasmussen, We’re, David, they’re, they’ve, They’ll, You’re, “ You’ll, haven’t, she’s, everyone, David McCormick, Bob Casey, David’s, everybody’s, ”, we’d, Kamala, Oprah, doesn’t, I’ve, we’ve, Joe, Rachel Morin, who’s, that’s, Kamala let, … She’s, can’t, it’s, he’s, He’s, Wall, must’ve, ’ Kamala, Lyin, She’s, Donald Trump, “ I’m, Barack Hussein Obama, …, Obama, Hunter, Uncle Sam, Crooked Joe Biden, document’s, Sam, bah, what’s, David Muir, “ We’re, They’re, won’t, Mike Kelly, Kelly, Mike, Lyin ’ Kamala Harris, El Salvador, you’ve, he’ll, “ You’re, Donald, don’t, Don’t, Crazy Nancy Pelosi, Nancy Pelosi, Billy Graham, Franklin, “ Gee, Lyin ’ Kamala, Elon, Tesla, you’re, God, Sean O’Brien, I’ll, That’s, “ Donald Trump, Alphonse Capone, Alphonse, “ They’re, they’ll, Let’s, should’ve, Emerson, ” David, Dave McCormick, Dave, He’ll, Nick Langworthy, Nick, JD Longo, JD, we’ll, Corey, “ I’ve, Butler, Nobody, Tom, didn’t, Cory, Trumper, There’s, We’ve, “ Kamala, Go, San Francisco Kamala, Ronald Reagan couldn’t, Shawn Fain, It’ll, anybody’s, We’ll, Crooked Joe Organizations: Trump Republicans, Alabama, NFL, United, Democrat, Commonwealth, CPA, Border Patrol, Covid, ISIS, Space Force, Visa, Justice Department, National Guard, Green, Deal, Teamsters, of Police, New York Times, …, Nassau Coliseum, Slippery Rock, ICE, California, we’ll, Trump Reciprocal Trade, teamsters, US Steel, of Education, Black Colleges, Universities, Trump, Washington DC, America Locations: Pennsylvania, Commonwealth, Florida , Georgia, Alabama , Tennessee, Western North Carolina, Delaware, San Francisco, Erie , Pennsylvania, Alabama, Georgia, Wisconsin, United Nations, Iran, Erie County, Mexico, Tijuana, America, South America, Congo, Africa, United States, Asia, Yemen, California, Hollywood, Let’s, North Carolina, Russia, McDonald’s, New York, Ohio, Michigan, . Pennsylvania, Charleroi, Charleroi , Pennsylvania, … Charleroi, Harris, El, West Virginia, ”, China, Iowa, Philadelphia, Detroit, Atlanta, Florida, United States of America, Pennsylvania , Arizona , Wisconsin, Arizona, Slippery, Butler, That’s, San, Saudi Arabia, Japan, Ukraine, Washington

☆ Group of smaller stocks is primed for major gains ahead, according to Oppenheimer
▼ + stars: | 2024-10-08 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

In 2024, the small-cap benchmark Russell 2000 's 8% rise still lags the S & P 500's roughly 19% gain. However, Oppenheimer thinks there is further upside ahead for these names. The stock offers a 5% dividend yield and healthy — albeit "lumpy" — free cash flow growth, the analyst added. CCOI YTD mountain Cogent Communications in 2024 Health-care services stock Chemed is another one of Oppenheimer's favorites. The online sports-betting (OSB) data provider could surge more than 37%, based on the $10 price target Oppenheimer holds on shares.

Persons: Oppenheimer, Russell, Timothy Horan, " Horan, Horan, Chemed, Michael Wiederhorn, Wiederhorn, Jed Kelly, — CNBC's Michael Bloom Organizations: Federal Reserve, Genius Sports, National Football League, Football, Professional

☆ Celine Dion moved to tears by Kelly Clarkson’s epic cover of ‘My Heart Will Go On’
▼ + stars: | 2024-10-08 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +1 min

CNN —Celine Dion’s heart will always go on for Kelly Clarkson. Dion said in the clip that she recently watched Clarkson’s performance – which aired last month during the “Kellyoke” portion of her show – and spoke about how moved she was. “I just saw you singing ‘My Heart Will Go On,’ and I’m crying again,” Dion said, with tears in her eyes. Clarkson at the time served as one of NBC’s Olympic commentators alongside Peyton Manning and Mike Tirico, and was seen on the broadcast getting choked up while reacting to Dion’s performance. “It was so sweet to hear your voice,” Dion said.

Persons: Celine Dion’s, Kelly Clarkson, Clarkson, Dion, “, I’m, ” Dion, Edith Piaf’s “, Peyton Manning, Mike Tirico, ” Clarkson, Celine, she’d, ” Organizations: CNN, Eiffel Locations: Canadian, ’, ”, Paris

☆ The cost of Boeing's strike keeps rising as talks continue
▼ + stars: | 2024-10-07 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Boeing is set to resume negotiations with union bosses on Monday. Thousands of members of the IAM union have been on strike since September 13. A group of Bank of America analysts, led by Ron Epstein, estimated that the strike was costing Boeing $50 million a day. Some 33,000 Boeing workers represented by the International Association of Machinists and Aerospace Workers have been on strike since September 13. Nearly 95% of union members voted against Boeing's initial offer of a 25% pay rise across the four-year contract.

Persons: —, Ron Epstein, Kelly Ortberg, Boeing's Organizations: Boeing, Analysts, IAM, Service, Bank of America, International Association of Machinists, Aerospace Workers, Reuters, Business Insider

☆ R. Kelly: Supreme Court rejects appeal of federal sex crimes conviction
▼ + stars: | 2024-10-07 | by ( John Fritze | ) edition.cnn.com time to read: +2 min

CNN —The Supreme Court declined on Monday to hear an appeal from R. Kelly, who is currently serving a prison sentence for federal sex crime convictions. Kelly told the Supreme Court that he was wrongly retroactively prosecuted under a federal law that passed in 2003 and made the statute of limitations indefinite for sex crimes with minors. ‘Pharma Bro’ appeal also rejectedIn another case involving a prominent criminal defendant, the Supreme Court declined an appeal Monday from “Pharma Bro” Martin Shkreli, who was fighting a $64 million court-imposed penalty for inflating the price of life-saving medications. Shkreli asked the Supreme Court to review an appeals court decision from earlier this year that upheld the penalty. The Supreme Court denied both appeals on Monday without explaining its reasoning and there were no noted dissents.

Persons: Kelly, Robert Sylvester Kelly, Pharma Bro ’, “ Pharma Bro ” Martin Shkreli, Bro ”, Shkreli, “, CNN’s Elizabeth Wagmeister Organizations: CNN, Pharma, “ Pharma, Turing Pharmaceuticals, “, Supreme Locations: New York, Chicago, America

☆ China chip stocks are soaring as excitement grows for another round of stimulus from Beijing
▼ + stars: | 2024-10-07 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Chinese chip stocks gained $13 billion on Monday, led by a 22% rise in shares of SMIC. The gains come as traders expect Beijing to extend stimulus support to the semiconductor industry. AdvertisementChinese chip stocks soared Monday, fueled by hopes that Beijing's next round of stimulus will boost the country's semiconductor industry. The new round of stimulus could include support for its chip companies. China first announced its stimulus measures last month, pledging to rescue the economy from a struggling property sector and weak domestic demand.

Persons: —, Beijing's Organizations: Service, Semiconductor Manufacturing International Corp, CSI Locations: SMIC, Beijing, China, Hong Kong

☆ Being a mom of 2 with almost no income during my divorce was terrifying. These are the steps I took to rebuild my finances.
▼ + stars: | 2024-10-07 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

She knew she wanted a divorce but was scared to make the leap because of her finances. Over 12 years of marriage, my ex and I grew apart until I knew we had reached the divorce cliché: irreconcilable differences. Doing something unconventional felt uncomfortable, but I realized I'd have to get uncomfortable to make my new life work. I did freelance writing and created a paid Substack newsletter about divorce that generated a few hundred dollars each month. I'm ending spousal support earlyReceiving spousal support has become contentious as my life moves forward after divorce.

Persons: Jolie Steele, —, I've Organizations: Service Locations: Target

☆ Brace for stock-market volatility this week if inflation comes in hot after the September jobs report, BofA says
▼ + stars: | 2024-10-07 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

A blockbuster jobs report raises the stakes for upcoming inflation data, BofA analysts say. AdvertisementThe September jobs report was good news, but it gives investors more reason to brace for the next inflation reading, Bank of America analysts say. Economists forecast the CPI report will show inflation continued to cool last month, rising 2.3% year-over-year compared to 2.5% in August. AdvertisementHowever, with the blockbuster September jobs report, some economists say inflation is still a concern. The September jobs report blew past forecasts, with 254,000 nonfarm payrolls added compared to expectations of 150,000.

Persons: —, Brian Rose Organizations: Service, Bank of America, CPI, Fed, UBS

☆ 'I am getting increasingly queasy': JPMorgan's strategy chief on why investors should dial back risk amid market distortions
▼ + stars: | 2024-10-06 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

Yet, as markets eye a soft landing, potential shocks pose a higher risk to investors, David Kelly says. The firm's chief global strategist says the promise of a soft landing has encouraged Americans to pour into riskier assets at the exact time they shouldn't be. "I will say that although I think this is positive for the equity market, I am getting increasingly queasy about the fact that the equity market keeps on pricing in a soft landing," Kelly told Business Insider. He said that as the market prices in a soft landing, valuations rise, which means any shock to the market could send asset prices tumbling. According to Fed data, the total aggregate wealth of American households grew by about $50 trillion in the last five years.

Persons: David Kelly, —, Kelly, shouldn't, you've, payrolls Organizations: Service, Asset, Business, Federal

☆ Harris weighs more breaks with Biden as he keeps injecting himself into the campaign
▼ + stars: | 2024-10-06 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +13 min

Neither aides in the Harris campaign nor the Biden White House would commit to another joint campaign event between now and the election. President Joe Biden speaks during a news conference in the Brady Press Briefing Room at the White House on October 4, 2024. “Joe Biden has delivered a whole lot for Pennsylvania — especially when it comes to infrastructure, energy jobs. “I don’t think president and the vice president are going to be exactly the same on every issue. “The president is all in to help get the vice president elected,” the senior adviser said.

Persons: Kamala Harris, Joe Biden, Harris, Biden, he’d, they’re, Donald Trump’s, “ I’ll, Tim Walz’s, Ohio Sen, JD Vance, hasn’t, Harris ’, Helene, ”, she’s, Debbie Dingell, “, Joe Biden ’, we’ve, ” Biden, “ She’s, dismissively, Florida Sen, Marco Rubio, Andrew Harnik, Liz Cheney’s, The Trump, bigfooted Harris, He’s, Mitch Landrieu, “ They’ve, ” Trump, Trump, Donald Trump, Josh Shapiro, “ Joe Biden, Brendan Boyle, ” Boyle, Arizona Sen, Mark Kelly, John Modlin, Rebecca Noble, ” Harris ’, Kelly, I’m, ” Kelly, he’s, can’t, don’t, “ That’s, ” CNN’s Gregory Krieg Organizations: CNN, White, Biden, Minnesota Gov, Michigan, Trump, Florida, Democratic, Biden White, Democratic Pennsylvania Gov, ” Democratic, US Border Patrol, Getty, Democrat, West Locations: Milwaukee, Pennsylvania, Germany, Angola, Minnesota, what’s, North Carolina, Michigan, Israel, Brady, Detroit, Trump, Philadelphia, Mexican, Mexico, US Border Patrol Tucson, Douglas , Arizona, AFP

☆ A major curveball in retirement preparedness: divorce
▼ + stars: | 2024-10-05 | by ( Allie Kelly | Juliana Kaplan | ) www.businessinsider.com time to read: +10 min

Monthly Social Security checks aren't enough for most baby boomers to get by, further fueling a retirement crisis. A prenuptial agreement can be helpful, but it typically doesn't protect wealth built after the couple ties the knot, like retirement savings. Men's monthly retirement incomes are nearly $600 more than women's — $2,610 to $2,042 — and they're more likely to have a balance in a retirement account. Overall, divorced women like Clark see lower monthly retirement incomes than their male counterparts — and peers who have remarried. One of Mintzer's greatest divorce regrets is that she didn't safeguard her retirement savings.

Persons: —, Libby Mintzer, Mintzer, she's, Melody Evans, Evans, Roth, couldn't, didn't, Kathryn Clark, Clark, Clark didn't, Clark's, it's Organizations: Service, Social Security, Social, Gerontology, —, Roth IRA, SNAP, allisonkelly Locations: Florida, Tampa, California's Bay

☆ These 2024 Republican candidates disputed the 2020 election results
▼ + stars: | 2024-10-05 | by ( Daniel Dale | ) edition.cnn.com time to read: +43 min

The success of so many 2020 election deniers in Republican primaries this year demonstrates that Trump’s ongoing campaign of election lies continues to have a strong hold on his party. Even four years later, candidates’ views on the 2020 election are relevant in important practical ways. Lake also baselessly advocated the imprisonment of Katie Hobbs, who was Arizona’s election chief during the 2020 election and went on to defeat Lake in the 2022 race for governor. (Photo by Chip Somodevilla/Getty Images) Chip Somodevilla/Getty Images/FileSen. Rick Scott voted to object to the congressional count of Biden’s victory in Pennsylvania, though he voted in favor of counting Biden’s victory in Arizona. Pennsylvania: Dave McCormickSenate candidate Dave McCormick of Pennsylvania speaks during the second day of the 2024 Republican National Convention in Milwaukee on July 16, 2024.

Persons: Washington CNN — It’s, Donald Trump, JD Vance, Joe Biden’s, Mark Robinson of, Kari Lake, Bernie Moreno, Sam Brown of, Ted Cruz, ”, Biden, – Mark Robinson of, Mike Braun, Indiana, Mike Kehoe of Missouri, Greg Gianforte, Patrick Morrisey, West Virginia –, Braun, Sen, Kelly Ayotte, Scott Olson, “, Trump, ” Braun, Trump’s, Jennifer McCormick, Mike Kehoe Missouri, Mike Kehoe, David A . Lieb, Joe Biden, ” Kehoe’s, Crystal Quade, Montana, Greg Gianforte Montana, Phelan M, Ebenhack, Gianforte, Lee, Ryan Busse, Mark Robinson, Gov Mark Robinson, Grant Baldwin, Robinson, Biden “, Josh Stein, Patrick Morrisey Patrick Morrisey, Tom Williams, Morrisey, Biden’s, Huntington Mayor Steve Williams, Tim Sheehy of Montana, REbecca Noble, Biden didn’t, baselessly, Katie Hobbs, Lake, Lake’s, Ruben Gallego, Kyrsten Sinema, Rick Scott U.S, Rick Scott, Chip Somodevilla, Scott, ” Scott, Debbie Mucarsel, Jim Banks, Banks, ” Banks, Valerie McCray, Braun . Maine, Demi Kouzounas, Kouzounas, Angus King, Royce White Royce White, Alex Brandon, Royce White, “ TRUMP, “ Trump, White, Democratic Sen, Amy Klobuchar, Josh Hawley Sen, Josh Hawley, Allison Bailey /, Missouri Sen, Hawley, CNN’s Manu Raju, Lucas Kunce, Sam Brown, Patrick T, Fallon, Brown, we’ve, we’re, ” Brown, Adam Laxalt, Laxalt, Jacky Rosen ., Bernie Moreno Cleveland, David Dermer, Moreno, denialism, –, ” Moreno, CNN’s Raju, Sherrod Brown ., Dave McCormick, Kamil Krzaczynski, wasn’t, Elizabeth Gregory, Dave, McCormick, “ Joe Biden, ” McCormick, Mehmet Oz, ‘, … We’ve, Bob Casey, Patricia Morgan Rhode, Patricia Morgan, West Warwick, Kris Craig, Morgan, Morgan baselessly, ” Morgan, Sheldon Whitehouse, Marsha Blackburn Sen, Marsha Blackburn, Blackburn, Tennessee’s, Tennessee Sen, Bill Hagerty “, Gloria Johnson, Ted Cruz Sen, Ted Cruz of, Cruz, ” Cruz, ’, Colin Allred, Hung Cao Hung Cao, Milwaukee . J, Scott Applewhite, Hung Cao, Cao, Barack Obama, It’s, ” Cao, United States ”, Tim Kaine, Jim Justice, Justice, – Patrick Morrisey, Joe Manchin, Wheeling Mayor Glenn Elliott, – Denny Hoskins, Dennis Linthicum of, Brooke Paige of Vermont, Kris Warner, Washington’s Dale Whitaker, Christi, Denny, Denny Hoskins, Kelly Dereuck, Hoskins, ” Hoskins, Barbara Phifer, Dennis, Dennis Linthicum, Linthicum, Tobias Read, Brooke Paige Vermont, Brooke Paige, Lisa Rathke, Paige, ” Paige, ” Paige’s, Sarah Copeland Hanzas, Kris Warner West, Mac Warner, I’m, Thornton Cooper Organizations: Washington CNN, Trump, Capitol, Democratic, CNN, Republican, ILA, Indiana, Gov, Missouri, Biden, ” Kehoe’s Democratic, Greg Gianforte Montana Gov, Republican Governors Association, AP, Representatives, Republicans, Lee Newspapers, Getty, The News, Observer, Conservative Political, Conference, Republican National Convention, Inc, West, West Virginians, Associated Press, Huntington Mayor, Kari Lake Arizona Republican, Fox, Arizona, Senate, Democratic Rep, Democrat, Scott, Jim Banks Indiana Republican U.S, Fox News, Demi Kouzounas Maine GOP, Portland Press Herald, Army, Maine Republican Party, New Hampshire GOP, ”, Beacon, Minnesota, U.S . Senate, Arizona –, Marine, Sam Brown Republican, US, Nevada, Convention, Treasury Department, Bloomberg Businessweek, Philadelphia Inquirer, Providence Journal, USA, Blackburn, Tennessee, ABC, Milwaukee ., United, Jim Justice West, West Virginia Gov, Wheeling Mayor, Montana, Christi Jacobsen, Missouri State Capitol, Springfield News, Oregon State Capitol, Anadolu, Anadolu Agency, Getty Images, Vermont State House, Facebook, Electoral College, ” Paige’s Democratic, US Department of Agriculture, Virginia Watch, Virginia Economic Development Authority Locations: Mark Robinson of North Carolina, Kari Lake of Arizona, Bernie Moreno of Ohio, Sam Brown of Nevada, Ted Cruz of Texas, Missouri, West Virginia, Indiana , Missouri, Montana, – Mark Robinson of North Carolina, New Hampshire, Indiana, Indianapolis , Indiana, . Missouri, Jefferson City, Mo, Orlando, Fla, Texas, North Carolina, Carolina, Asheville , North Carolina, Milwaukee , Wisconsin, Nebraska, Delaware , Connecticut, Hawaii, Arizona, Kari Lake Arizona, Mesa , Arizona, AFP, Phoenix, Arizona and Wisconsin, Florida, Pennsylvania, Powell . Indiana, Milwaukee, Braun ., Demi Kouzounas Maine, Maine, China, St, Cloud, Minn, Amy Klobuchar . Missouri, Washington, Lucas Kunce . Nevada, Las Vegas , Nevada, Nevada, what’s, Jacky Rosen . Ohio, Westlake , Ohio, Ohio, United States, Sherrod Brown . Pennsylvania, Philadelphia, Island, Patricia Morgan Rhode Island, West, Rhode, Sheldon Whitehouse . Tennessee, Tennessee, Gloria Johnson . Texas, Washington ,, “, Colin Allred . Virginia, Virginia, Loudoun, – Denny Hoskins of Missouri, Dennis Linthicum of Oregon, Denny Hoskins, Barbara Phifer . Oregon, Dennis Linthicum Oregon, Salem , Oregon, Anadolu, Getty Images Oregon, Oregon, Tobias Read . Vermont, Vermont, Montpelier, Kris Warner West Virginia

I was told to earn just enough to live, don't complain, get a stable job, stay there forever, and never, ever talk about money. After I got married and had kids, I quit my job because I wasn't making enough to pay for daycare. I became focused on money after my divorceSuddenly, I realized I needed to make a lot of money to support my household without a partner. The people around me told me I was a good person and I deserved a lot, including money and financial stability. I don't want my kids to be afraid of the worldI realize now I had a lot of fear because of my upbringing.

Persons: Holly Martins, —, nickels, I'd, there's, They're, I've Organizations: Service Locations: New Jersey

☆ Gen Z found a home in Asheville. Hurricane Helene swept it away.
▼ + stars: | 2024-10-05 | by ( Allie Kelly | Jordan Pandy | ) www.businessinsider.com time to read: +10 min

But natural disasters like Helene may influence if Gen Zers stay in western North Carolina. The 24-year-old and her partner moved to Asheville, North Carolina from Philadelphia a few weeks ago and signed a lease on their new apartment. AdvertisementGen Zers moved to Asheville for work opportunities and communityOver the past decade, Gen Z has been flocking to the Asheville area. Scott Pridemore of Pridemore Properties at Compass, a real-estate brokerage in North Carolina, told BI that many people go to nearby universities like Appalachian State University or University of North Carolina Asheville and never leave. "Post Covid, we definitely saw a lot of people opting for life in the North Carolina Mountains," Pridemore said.

Persons: Z, Helene, Gen Zers, —, Sierra Isley, Isley, Mario Tama, Zers, Gen Z, Hector Hernandez, Arroyo Hector Hernandez, Arroyo, He's, Hernandez, he's, Iliana, Villatoro, Scott Pridemore, Pridemore, Marilyn Wright, Wright, we're, She's, she's, Rink, Helene devastates Organizations: Service, River Arts, Asheville, Census, Appalachian State University, University of North, University of North Carolina Asheville Locations: Asheville, North Carolina, Asheville , North Carolina, Philadelphia, River, Gulf, Buncombe, Atlanta, Durham, Greensboro, Villatoro, University of North Carolina, California, Northeast , Texas, Florida, Raleigh, Lexington , Kentucky, Asheville —

Former President Barack Obama will campaign for Vice President Kamala Harris in Pittsburgh next week, his first foray into the election as a battleground-state surrogate. The event, according to a senior Harris campaign official, will launch a larger effort by Obama, who intends to ramp up his campaigning for Harris in the final stretch of the election cycle. “President Obama believes the stakes of this election could not be more consequential and that is why he is doing everything he can to help elect Vice President Harris, Governor Walz and Democrats across the country,” Eric Schulz, a senior adviser to Obama, said in a statement. Harris and Obama’s relationship spans two decades, with the two first meeting as Obama was seeking election to the Senate in 2004. Grassroots fundraising content signed by Obama and events featuring him have generated more than $76 million for the campaign this cycle, a second senior Harris campaign official said.

Persons: Barack Obama, Kamala Harris, Harris, Obama, Governor Walz, ” Eric Schulz, Barack, Michelle Obama, we’ve, Tim Walz, ”, “ Michelle Obama, y’all —, ” Michelle Obama Organizations: Senate, ”, Democratic National Convention, NBC News, Grassroots, Obama Locations: Pittsburgh, “, United States, Angeles

It’ll be more covered than his typical rally these days,” a Trump ally who has worked in Pennsylvania predicted. Karoline Leavitt, a campaign spokesperson, said the former president “looks forward to returning to Butler, Pennsylvania to honor the victims from that tragic day.”“The willingness of Pennsylvanians to join President Trump in his return to Butler represents the strength and resiliency of the American people,” she said. Butler County is a GOP stronghold in western Pennsylvania, a mix of rural communities and suburbs just north of Pittsburgh. McCormick, who plans to attend Trump’s rally Saturday, said the July attack helped reinforce the “strength” of the Republican ticket — and the down-ballot candidates who were there that day. Because it is that last real opportunity that he has for sure.”Allan Smith reported from New York City and Dasha Burns from Butler.

Persons: Donald Trump, Kamala Harris, “, It’ll, ”, Trump, Sen, JD Vance, Corey Comperatore, Thomas Crooks, Karoline Leavitt, Butler, Harris, ” “, it’ll, — Trump, Joe Biden, Donald Trump’s, ” Dave McCormick, McCormick, Josh Shapiro, —, you’re, Trump’s, Byron Donalds, he’s, Mike Kelly, Joseph Meyn, ” Pam Olthof, Leslie Osche, ” Osche, ” Adam Reed, Reed, Donalds, Ryan Wesley Routh, Elise Stefanik, ” “ I’m, Biden, Kamala Harris ’, “ There’s, Tim Walz, Harris ’, “ I’m, we’re, ” Allan Smith, Dasha Burns Organizations: Trump, Republican, GOP, NBC News, Democrats, Rep, Service, Pennsylvania State Police, Minnesota Gov Locations: Butler , Pennsylvania, Pennsylvania, R, Ohio, Pittsburgh, Butler, —, Butler County, Palm Beach , Florida, Vance, Minnesota, New York City

☆ Medicare shake-up sends Humana stock down 23% in a week for its worst drop since 2009
▼ + stars: | 2024-10-04 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Humana's stock is down 23% in its worst weekly drop since 2020 and biggest two-day decline since 2009. The drop comes as Medicare downgraded ratings on some of Humana's health insurance plans. The health insurer's shares are down 23% since the start of the week, marking its biggest weekly drop since 2020 and its biggest two-day decline in 15 years. Over those days, the stock declined 22%, the biggest two-day drop since the financial crisis in 2009. They said Medicare Advantage plans could see further pressure if Democrats win in the upcoming elections, which would hinder Humana's recovery.

Persons: —, It's, AJ Rice, Humana's downgrades Organizations: Service, Humana, UBS, Bank of America

☆ Economy's on the track the Fed wants and they can follow the dot plot, says JPMorgan's David Kelly
▼ + stars: | 2024-10-04 | 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 EmailEconomy's on the track the Fed wants and they can follow the dot plot, says JPMorgan's David KellyDavid Kelly, JPMorgan Asset Management chief global strategist, joins 'Squawk on the Street' to discuss Friday's jobs report in regards to the Fed's monetary policy, if there's a risk-on signal for equity markets, and much more.

Persons: JPMorgan's David Kelly David Kelly Organizations: JPMorgan Asset Management

☆ CNBC Daily Open: Stocks can’t defy October’s gravity
▼ + stars: | 2024-10-04 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. [PRO] How to play the jobs report The U.S. jobs report for September, coming out later today, will indicate if the economy will be able to achieve a soft landing or is headed toward a recession. Analysts at JPMorgan break down how the S&P 500 could react , depending on the number of jobs added for September. With the jobs report out in about 12 hours, it's too late for second guessing, in any case.

Persons: AI's, Nvidia's, Blackwell, Jensen Huang, Dow Jones, David Kelly, Kelly, it's, –, Jeff Cox, Alex Harring, Pia Singh Organizations: New York Stock Exchange, CNBC, JPMorgan, Nvidia, Port, U.S, International Longshoremen's Association, United States Maritime Alliance, Dow Jones Industrial, Nasdaq, Dow, U.S . Federal Reserve, Asset Management Locations: New York City, U.S, East, Gulf Coast

☆ CNBC Daily Open: October’s gravity bringing stocks down
▼ + stars: | 2024-10-04 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Michael M. Santiago | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. But gravity is catching up with stocks in October, which tends to be a volatile month. If the number of jobs added comes in higher than expected, markets are likely to react well. With the jobs report out in about 12 hours, it's too late for second guessing, in any case.

Persons: Michael M, Dow Jones, David Kelly, Kelly, it's, –, Jeff Cox, Alex Harring, Pia Singh Organizations: New York Stock Exchange, Santiago, CNBC, Dow Jones Industrial, Nasdaq, Nvidia, Dow, U.S . Federal Reserve, Asset Management Locations: New York City

The news is a particular blow to Vice President Kamala Harris, since the union was the first to endorse Joe Biden's presidential bid in 2020. In a statement, Edward A. Kelly, the union's president, said that the group's executive board voted on Thursday by 1.2% not to endorse. Both presidential campaigns made personal appeals to the union’s members at a convention in Boston in August, with Minnesota Gov. Last month, the Teamsters union, which represents over 1 million truck drivers, freight workers and others, also declined to endorse a presidential candidate. The AFL-CIO and the United Auto Workers union — which represent millions of workers combined — have each endorsed Harris this cycle.

Persons: Kamala Harris, Joe Biden's, Edward A, Kelly, Tim Walz, Ohio Sen, JD Vance, Harris, Biden, Trump, I’ll, Walz, Vance, Trump's, ” Vance, Matt, “ Organizations: International Association of Fire Fighters, Minnesota Gov, Ohio, Washington , D.C, WIN, Teamsters, AFL, United Auto Workers union, Trump Locations: U.S, Canada, Boston, Washington ,, Dayton , Ohio

☆ I'm a child psychologist, and I asked my son's teachers to limit his use of technology at school. Here's what happened.
▼ + stars: | 2024-10-03 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

His son had a tech addiction and needed limited access to computers. At my son's school, like most these days, all students had laptops. AdvertisementWe started with an open conversation with the schoolI knew I wanted my son to have less access to technology at school. Because of that, we haven't had to talk with his high school teachers about limiting technology. AdvertisementAs a professional, it is a bit concerning to me how hard it was to ease off technology use in school.

Persons: Scott Kollins, Kollins, —, I'm, He's, haven't Organizations: Service

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