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They Used to Be Ahead in the American Economy. But over 40 years, even as their inflation-adjusted income has remained relatively flat, they’ve fallen well below the average income. But over 40 years, even as their inflation-adjusted income has remained relatively flat, they’ve fallen well below the average income. In the reordering of the U.S. economy since 1980, white men without a degree have been surpassed in income by college-educated women. As the American economy has shifted over the past 40 years away from manufacturing and toward services and “knowledge” work, this less visible hierarchy within the economy has shifted, too.
Persons: Jobs, metalworkers, , , Kathy Cramer, David Autor, Tom Kochan, Susan Houseman, , Lisa Boscola, Arlie Hochschild, , appraisers, Cramer, Scott Paul, who’ve, Stephanie Ternullo, Boscola, they’re, Donald J, Noam Gidron, Trump, Rather, Biden, Kamala Harris, Stefanie Stantcheva, Stantcheva Organizations: University of Wisconsin, Workers, Labor, Upjohn Institute, Employment Research, Democratic, Bethlehem Steel, Berkeley, Alliance for American Manufacturing, Harvard, Electoral College, Democratic Party, Republican, Securities, Bank, Radio, Observers, Mr, Obama Locations: American, U.S, Wisconsin , Michigan, Pennsylvania, M.I.T, Manitowoc County, Wis, Wisconsin, Michigan, , I’m, America, Bethlehem, Pa
Gold eyes weekly gains as geopolitical uncertainty boosts appeal
  + stars: | 2024-10-25 | by ( ) www.cnbc.com   time to read: +2 min
Spot gold slipped 0.2% at $2,730.09 per ounce, as of 01:55 GMT. U.S. gold futures fell 0.2% to $2,742.80. "In the next three months, gold may reach $2,800, and from the annual perspective, it can surpass the psychologically important $3,000 barrier." The U.S. asked the Group of Seven allies to consider sanctions on Russian palladium and titanium, Bloomberg News reported. It benefits from its dual role of monetary value and as an industrial metal with growth driven by the breakneck growth of photovoltaics," said Paul Wong, market strategist at Sprott Asset Management.
Persons: Alexander Manzyuk Gold, Julia Khandoshko, Nornickel, Daniel Hynes, Silver, Paul Wong Organizations: REUTERS, Bloomberg News, ANZ, Sprott Asset Management Locations: Siberian, Krasnoyarsk, Russia, Gaza . U.S, Doha, Gaza, U.S
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
Since Otto Schott invented specialty glass in 1884, the simple material has become a cornerstone of modern technology, and driving innovation. From semiconductors to clean energy, home tech, and electric vehicles, glass is the silent enabler of progress. Specially engineered laser glass helped researchers achieve what was once thought impossible: creating more energy from a reaction than was put into it. The light, amplified by active laser glass and focused through precisely crafted optical glass, delivered significant energy to a tiny fuel pellet, triggering a fusion reaction that produced a net energy gain. The fusion reaction generated 3.15 megajoules of energy, exceeding the 2.05 megajoules of laser energy delivered to the target.
Persons: Bill James, Otto Schott, SCHOTT Organizations: SCHOTT North, Industry, photonics, Lawrence Livermore National Laboratory, SCHOTT, Insider Studios Locations: SCHOTT North America
Traversed centuries ago by camel-back traders, two long-lost medieval cities that once thrived along the ancient Silk Road have been uncovered by drones sent searching for their secrets. This groundbreaking research in southeastern Uzbekistan could shift our understanding of the Silk Road, a vast network of trade routes that spanned from China to the Mediterranean. But the new research shows the Silk Road network was larger than previously predicted. Although many large urban centers have been discovered in Central Asia, the vast majority of archaeologically documented cities are in lowland riparian settings. The research indicates the two cities produced iron or steel to sell, as well as providing fuel for Silk Road travelers, with the region being surrounded by dense juniper forests.
Persons: Michael Frachetti, Louis, Farhod Maksudov, Frachetti, Tim Williams, Organizations: Washington University, Uzbekistan’s National Center of Archaeology, NBC News, University College London Locations: Central Asia, Uzbekistan, China, St, Tashbulak, England, Tugunbulak
Below, two gold experts share four ways investors can add gold to their portfolios. AdvertisementIn general, physical gold is a less liquid way to own the asset and is quite costly. Synthetic gold ETFs don't hold physical gold, investing instead in gold derivatives such as futures and options. In Milling-Stanley's opinion, investing in mining stocks instead of directly investing in gold erodes some of the metal's portfolio protection, as mining stocks behave more in line with the general equity market. Royalties limit the holder's exposure to the risks associated with directly investing in mines, such as exploration, development, and regulatory compliance.
Persons: , Jeff Muhlenkamp, they'll, George Milling, Stanley, Muhlenkamp Organizations: Service, Costco, Muhlenkamp & Company, State Street Global Advisors, Trust, MiniShares, Mining, Eagle Mines, Newmont Mining Corp, Wheaton Precious Metals Locations: Franco, Nevada
“If there are any booby traps, they will explode and not us.”It was so common in the Israeli military that it had a name: “mosquito protocol.”The exact scale and scope of the practice by the Israeli military is not known. But the testimony of both the soldier and five civilians shows that it was widespread across the territory: in northern Gaza, Gaza City, Khan Younis, and Rafah. Breaking the Silence provided CNN with three photos depicting the Israeli military using Palestinians as human shields in Gaza. In a second, two civilians used as human shields sit bound and blindfolded. Two Palestinians used as human shields sit bound and blindfolded in northern Gaza.
Persons: , , Khan Younis, , , “ You’re, that’s, Aharon Barak, Mohammad Saad, Saad, ” Saad, Mohammad Shbeir, Dr, Yahya Khalil Al, Kayali, ” Al, ” Tareq Al Hilou, Mohammad Al Sawalhi Organizations: Jerusalem CNN, Israel Defense Forces, Hamas, CNN, , Israeli, West Bank, Palestinian Ministry of Health, The United Nations, IDF, , Soroka Medical, Al Shifa Hospital Locations: Jerusalem, Gaza, harm’s, Gaza City, Rafah, Israel, Jabalya, Khan, Palestinian, Al Shifa
Demands for a federal investigation mount as witnesses and survivors of a gangway collapse at a dock in Georgia describe the “catastrophic failure” that killed seven people traveling for a festival celebrating Gullah Geechee history. She was with several people who were trying to board the final ferry to Sapelo Island on Saturday. “I said, ‘This dock is going to collapse;’ I sure did,” Grovner said. Look what happened.”The DNR, which operates the dock and the two ferries serving Sapelo Island, did not respond to an NBC News request for comment. An estimated 700 people were on Sapelo Island last Saturday.
Persons: Regina Brinson, Brinson, Isaiah Thomas, Thomas, ” Brinson, ” Katrena Alexander, , Jacqueline Crews Carter, Cynthia Gibbs, Charles L, William Johnson Jr, Carlotta McIntosh, Queen Welch, , LaShonda Holloway, McIntosh’s, Alexander, Ben Crump, Crump, ” Crump, JR Grovner, ” Grovner, Organizations: Georgia Department of Natural Resources, Justice Department, JR, Georgia Public Broadcasting, NBC Locations: Georgia, Jacksonville , Florida, Jacksonville, Darien , Georgia, Atlanta, Sapelo, South
A trove of 2,584 silver coins from the time of the Norman Conquest has been bought in the United Kingdom for more than $5 million — making it the country's highest-value discovery ever made by treasure hunters. The coins were purchased by the U.K.’s South West Heritage Trust, an independent organization that supports historical sites, with funding from two charities, the National Lottery and the Art Fund. The South West Heritage Trust's curator of archaeology, Amal Khreisheh, holds one of the uncovered Norman pennies. The coins were likely to have been buried for safekeeping, a common method in the 11th century. That they were never dug up by their owner suggests to historians that they may have been lost or abandoned because of the Battle of Hastings and the Norman Conquest.
Persons: Norman, Adam Staples, Lisa Grace, Staples, , Sam Astill, Aleks McClain, Amal Khreisheh, Rory Naismith, Naismith, William the Conquerer Organizations: U.K, West Heritage Trust, National Lottery, Art Fund, Museum of Somerset, British, South West Heritage Trust, South West Heritage, NBC, University of Cambridge Locations: United Kingdom, Chew, Bristol, England, Hastings, Normandy, France
Gold's record rally pauses due to stronger dollar, higher yields
  + stars: | 2024-10-23 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices surged to a record high on Wednesday as the conflicts in the Middle East and uncertainty surrounding the upcoming U.S. election spurred demand for safe-haven assets. Gold prices fell over 1% after hitting a record high on Wednesday, as a stronger dollar and a rise in U.S. Treasury yields countered support from safe-haven demand linked to the Nov. 5 U.S. election and Middle East war. Spot gold was down 1% to $2,721.12 per ounce as of 12:25 p.m. EDT (1410 GMT) after hitting a record high of $2,758.37 earlier in the session. However, gold could see the $2,800/oz level by the week's end on safe-haven demand, Haberkorn added. The dollar index rose 0.3% to near a three-month high, making gold less appealing for other currency holders, while U.S. bond yields climbed to a three-month high.
Persons: Bob Haberkorn, Haberkorn, Ole Hansen, Kamala Harris, Donald Trump Organizations: Treasury, Saxo Bank, U.S, Republican, Reuters Locations: U.S
WASHINGTON — A Donald Trump supporter who federal authorities say built a giant pro-Trump billboard that the mob of Trump supporters used as a battering ram against police officers during the Jan. 6 attack on the U.S. Capitol was arrested on Tuesday. Several other Jan. 6 defendants have been charged with using the sign — which read, in all caps, “Trump 2020 Keep America Great.” — as a battering ram during the attack. Jeffrey Newcomb at the Capitol on Jan. 6, 2021, with a banner in the background brought by him. The FBI said Newcomb also wrote that "one of the protesters found the sign[] and put it up on the Capitol. Last week, Trump called Jan. 6 "a day of love" and falsely claimed that his supporters were unarmed.
Persons: WASHINGTON, Donald Trump, Trump, Jeffrey Newcomb, Newcomb, , , FBI “ Organizations: Trump, U.S . Capitol, FBI, “ Trump, Capitol, West, Boys Locations: Polk , Ohio
It's a dynamic that has forced many election officials out of the industry, while those who remain have taken in some cases dramatic steps to protect poll workers and voters ahead of Election Day. Some poll workers are also receiving pay bumps as incentives to stay on through a stressful voting period. In interviews, county and state election officials shared details of security plans with NBC News. The county allocated money for so-called panic buttons that would allow election workers to quickly contact authorities in emergencies. They decided to give police radios to election workers instead.
Persons: Donald Trump, , they’re, Stephen Richer, enforcement’s, “ They’re, , Zach Manifold, Daniel Baxter, Aaron Dobson, State Jena Griswold, Griswold, they’ve Organizations: NBC News, Republican, Milwaukee County Sheriff's, State Locations: America, Maricopa County , Arizona, Maricopa County, Cobb County , Georgia, Gwinnett County, Detroit, Milwaukee County , Wisconsin, Colorado
A haunted house in Queens proved to be too horrific for some who have filed lawsuits claiming they were injured inside the frightful attraction. A Haunting in Hollis was shut down Oct. 5th after the FDNY called it a “death trap,” citing various safety hazards inside the two-family house that had been illegally converted into a commercial haunted house. But Solainne Mancero-Tannis of Jamaica, Queens, could not stay silent after learning the haunted house was allowed to reopen and operate. The Haunting In Hollis house in Queens, N.Y. via WNBCIt was on Friday the 13th during Oct. 2023 that Mancero-Tannis and her family visited the haunted house. She is now suing the operators of the haunted house.
Persons: Hollis, Solainne, , , didn’t, Mike Goldberg, Lawrence Carra, Tannis, you’re, It’s Organizations: FDNY, New York City Department of Buildings, WNBC, NBC New Locations: Queens, Jamaica, Queens , N.Y, NBC New York
Close up stack of gold bars, financial wealth concepts and businessGold is in a "new bullish phase" after prices notched another record high, said asset management firm Sprott Asset Management, echoing other analysts who have predicted that the bullion will continue to scale new heights. Spot gold is currently trading at $2,729.14 per ounce, while gold futures are at $2,741.20. "Rising U.S. debt-to-GDP ratios have historically led to higher gold prices due to concerns over the sustainability of debt, currency devaluation and debt monetization," Wong continued. As debt increases, governments might resort to printing money to address deficits, which can devalue the currency, Wong explained. This erosion of trust in fiat currency enhances gold's appeal as a reliable store of value.
Persons: Paul Wong, Wong Organizations: Sprott Asset Management, U.S ., U.S, Congressional
London CNN —A hoard of Norman-era silver coins unearthed five years ago in southwestern England has become Britain’s most valuable treasure find ever, after it was bought for £4.3 million ($5.6 million) by a local heritage trust. The coins date from one of the most turbulent periods in English history. “The hoard was buried in around 1067-1068 on an estate in Chew Valley which later belonged to Giso, the Bishop of Wells. We think it was probably buried for safekeeping during the time of rebellions against William in the South West. Finding coins that were in use almost 1,000 years ago is exceptionally rare – this hoard contains twice as many coins from during Harold II’s reign as had previously been found.
Persons: King Edward the Confessor, Harold Godwinson, Earl of Wessex, Harald Hardrada, King of Norway, William, Duke of Normandy, Edward, King Harold II, Harold II, William I, William the, Amal Khreisheh, Wells, , Harold’s, Khreisheh, Harold II’s Organizations: London CNN, British, South West Heritage Trust, British Museum Locations: London, England, Chew, Bristol, Hastings, Chew Valley, Giso, South, Exeter, Ireland, Somerset
Spot gold prices have soared above $2,700 an ounce, rallying for the fifth day on Monday to hit another record high of over $2,733 an ounce. But Wider noted the de-correlation of 10-year Treasury real interest rates (adjusted for inflation) and the price of gold. XAU= 5Y mountain Gold John Reade, senior markets strategist at the World Gold Council trade association, warned of volatility ahead, however. Allocating to gold Reade advised investors to always have a position in gold, albeit as a relatively small part of a portfolio. Principal Asset Management's Jablonski, meanwhile, said he has less than 5% of his portfolio allocated to commodities, including gold.
Persons: Michael Widmer, I'm, CNBC's, Widmer, Todd Jablonski, Jablonski, John Reade, Reade, Management's Jablonski, Fred Imbert Organizations: Bank of America, Treasury, CNBC Pro, World Gold Council, CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket still underinvested in gold, price seen at $3,000 by next year: StrategistJoni Teves of UBS Investment Bank lays out the case for gold at $3,000 per ounce by 2025, saying investors sill have a lot of room to build positions in the yellow metal.
Persons: Joni Teves Organizations: UBS Investment Bank
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. Shares of Hyundai Motor India fallHyundai Motor India shares retreated more than 5% on Tuesday – their trading debut – according to BSE data. Hyundai Motor India is a wholly owned Indian subsidiary of South Korean automaker Hyundai. New bullish phase for goldGold prices hit a record high of $2,700 per ounce on Monday, and are continuing their ascent Tuesday.
Persons: Australia's, Paul Wong Organizations: CNBC, Nasdaq, Dow Jones, Treasury, Hyundai Motor India, Hyundai, South, Reuters, Sprott Asset Management, Citi, U.S ., Scotiabank, Canadian Locations: Asia, Pacific, India, Reuters ., China, U.S
Paul Di'Anno, former Iron Maiden singer, dies at 66
  + stars: | 2024-10-21 | by ( ) www.nbcnews.com   time to read: +2 min
Paul Di’Anno, Iron Maiden’s lead singer on its first two albums, has died, according to a statement from his label on behalf of his family. “On behalf of his family, Conquest Music are sad to confirm the death of Paul Andrews, professionally known as Paul Di’Anno,” the statement reads. Born in Chingford, East London on 17th May 1958, Paul first came to prominence as lead singer of English Heavy Metal band, Iron Maiden between 1978 and 1981. He sang on their groundbreaking debut album Iron Maiden, and the influential follow up release, Killers. Since leaving Iron Maiden, Paul Di’Anno had a long and eventful recording career with Battlezone and Killers as well as numerous solo releases and guest appearances.
Persons: Paul Di’Anno, Maiden’s, Di’Anno, Bruce Dickinson, Paul Andrews, Paul, Battlezone, Locations: Salisbury, Chingford , East London, Iron
The U.S. presidential election is fast approaching, but it may not have as much an impact on markets as people may think, some investors say. History suggests the strong performance bodes well for a post-election pop into year's end. When Trump was elected in the 2016 presidential election, investors expected energy would perform well — but the subsequent two years proved unfavorable for the sector. During the 2000 election, volatility lasted for more than 30 days, through December. "We encourage investors to keep their long-term objectives in mind during periods of uncertainty and position for election related volatility," Guerra wrote.
Persons: Donald Trump, Kamala Harris, Trump, Harris, Sam Stovall, Stovall, Joe Biden's, Dan Chung, John Stoltzfus, Morgan Stanley, Morgan Stanley Wealth Management's Monica Guerra, Guerra, Ross Mayfield, Baird Organizations: U.S, NBC News, Republican, Dow Jones Industrial, CFRA, Oppenheimer Asset Management, Presidency, Senate, Republicans, Trump, Morgan Stanley Wealth
ACCRA, Ghana — Illegal small-scale gold mining in Ghana has been linked with the destruction of the environment and illness. A protest in Accra, Ghana, demanding government action on illegal gold mining. Yaw Amoafo, who owns several small gold mines employing 20 to 30 people each, said public anger at galamsey mining has forced him to cease operations. He added that he feared the government would introduce a short-term ban on small-scale mining, like the one it implemented in 2017. Earlier this year it opened the government-backed Royal Ghana Gold Refinery, with the intent of getting it accredited by the LBMA.
Persons: galamsey, Nana Akufo, Nipah Dennis, Cristina Aldehuela, Addo, Yaw Amoafo, , , Amoafo, Eddie James Richmond, Neil Harby, Harby, Francis Kokoroko, Swissaid Organizations: West, Water Resources Commission, Getty, Ghana’s Ministry of Land, Resources, Ghana Water Ltd, International Institute for Strategic Studies, Watch, Ghana’s Minerals, International Monetary Fund, Sahara Royal Gold Refinery, London Bullion Market Association, Reuters, State Department, Royal, Royal Ghana Gold Refinery Locations: ACCRA, Ghana, Accra, , AFP, Cape Coast, Pra, Kibi, London, U.K, South Africa, Africa, Switzerland, Mali, Zimbabwe, Royal Ghana
WASHINGTON — With just two weeks left in the 2024 campaign, there currently are no plans for Vice President Kamala Harris to appear on the trail with President Joe Biden before Election Day, according to three Harris campaign officials and three White House officials. Biden last appeared with Harris at a campaign event nearly seven weeks ago, on Labor Day in early September. That’s a contrast to former President Obama, who has headlined a series of Harris campaign events, and former President Bill Clinton who has also been on the trail for the vice president. First lady Jill Biden has headlined multiple events for the Harris campaign as well and is set to hit the trail for her again on Wednesday in Nevada. White House and campaign officials say the president understands the strategy behind his downsized role in the campaign, even if at times he doesn’t like it.
Persons: Kamala Harris, Joe Biden, Harris, Biden, , , “ Harris, Joe Biden’s, ” Harris, Trump, tethering Harris, ” Trump, Biden’s, Barack Obama, Michelle Obama, He’s, Obama, Bill Clinton, Jill Biden Organizations: WASHINGTON, White, White House, Democratic, Biden, Fox, NBC News, Philadelphia Democrats, Workers, Labor, Nevada . White Locations: Georgia, Michigan, New Hampshire, Philadelphia, Florida, North Carolina, Israel, Nevada ., U.S
The comet won’t be visible in the night sky until 2061. But the debris the comet leaves in its trail — otherwise known as the Orionid meteor shower — causes meteors to streak through Earth’s atmosphere. Meteors from Halley’s cometAs Earth orbits the sun, it encounters the debris trail from Halley’s comet twice a year. The best part of viewing a meteor shower, Lunsford said, is “getting in touch with nature and being part of the universe. Look for the celestial wonder in the western part of the night sky shortly after sunset.
Persons: Robert Lunsford, ” Lunsford, Lunsford Organizations: CNN, American Meteor Society, Orion, NASA, Farmers, Taurids
AITOU, Lebanon — The scene of carnage in northern Lebanon showed heartbreaking snippets of everyday family life. Illy Edwan, whose villa in Aitou, Lebanon, was destroyed in the blast. Pages from a children’s book are strewn across the wreckage following an Israeli strike in Aitou, northern Lebanon, on Tuesday. More than 2,300 people, including 127 children, have been killed in Lebanon since the Oct. 7 attack and an estimated 1.2 million have been displaced, according to Lebanese officials. If they can’t, they will remain in Lebanon.”Emergency responders move a body bag following an Israeli strike in Aitou, Lebanon, on Tuesday.
Persons: Israel, Illy Edwan, , Ziad Jaber, Edwan, ” Jeremy Laurence, Benjamin Netanyahu, , Rema Jamous, Mohamed Youssef, Nermin Khair, Sandy, Bashar Hanouf, he’ll, ” Matt Bradley, Alexander Smith Organizations: NBC News, NBC, Israel Defense Forces, , United Nations, Hamas, Palestinian, Israel Locations: AITOU, Lebanon, Lebanese, Aitou, Beirut, , Israel, Gaza, Middle East, Tripoli, Turkish, Mersin, Nermin, London
Investors worried about a market correction should adjust their portfolios, David Rosenberg says. The top economist has warned stocks are in a bubble and at risk of a major decline. Investors need to exercise caution and avoid following the "herd mentality," Rosenberg said, pointing to the fervor for mega-cap tech stocks. Instead, he said, investors should focus on stocks with strong business models, strong growth, and good prices, and add some "insurance" to their portfolios. Most forecasters on Wall Street still expect a strong performance from equities into year-end and 2025.
Persons: David Rosenberg, , who's, he's, Chuck Prince, Rosenberg, REITs, Goldman Sachs Organizations: Service, Rosenberg Research, Utilities, Aerospace, UBS, BMO, Deutsche Bank Locations:
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