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☆ CNBC Markets Now: October 24, 2024
▼ + stars: | 2024-10-24 | 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 EmailCNBC Markets Now: October 24, 2024CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.

Persons: Michael Santoli Organizations: CNBC

Elon Musk’s daily $1 million lottery for registered swing state voters who sign his super PAC’s petition falls into a legal gray area and could potentially violate election law, three experts told NBC News. Paying someone to vote or to register to vote is explicitly illegal under federal law. “This is at best very questionable legally,” said Michael Morse, an assistant professor of law at the University of Pennsylvania Carey Law School. But none of the experts who spoke with NBC News believed law enforcement is likely to stop the lottery or fine Musk before the election. “You can only register to vote in Pennsylvania until today.

Persons: “, ”, John Fortier, Elon Musk, Michael Swensen, Michael Morse, ” “ I’ve, Nate Persily, it’s, Musk, Rick Hasen, Hasen, Justice Department’s, it’s “, Josh Shapiro, Morse, Trump, Kristine Fishell, Penn Organizations: Elon, NBC News, Musk’s America PAC, America PAC, American Enterprise Institute, NBC, University of Pennsylvania Carey Law School, “, Stanford Law School, Musk’s PAC, UCLA School of, Democracy, Justice, ”, ” Pennsylvania Gov, Press Sunday, Department, Justice Department, Pennsylvania, Federal, Trump, Republican, New York Times Locations: Pittsburgh, ” Pennsylvania, Pennsylvania, Michigan

☆ CNBC Markets Now: October 21, 2024
▼ + stars: | 2024-10-21 | 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 EmailCNBC Markets Now: October 21, 2024CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.

Persons: Michael Santoli Organizations: CNBC

☆ Housing affordability: Kamala Harris wants to take on corporate landlords and rent increases
▼ + stars: | 2024-10-21 | by ( Samantha Delouya | Rachel Wilson | ) edition.cnn.com time to read: +6 min

While rent prices are undoubtedly rising, it’s unclear how much of the jump is due to corporate investors who buy up multiple properties. “Community after community feels taken advantage of by Wall Street investors and corporate landlords who have bought thousands of single-family homes during recent downturns,” Harris’ policy platform reads. A CNN analysis found that rent increases recently outpaced wage growth in cities with a meaningful presence of big investors. Ownership by corporate landlords, which CNN calculated by combining limited liability entities, real estate corporations and real estate investment trusts, stood at 16%. The number of single-family homes under construction dramatically decreased after the 2008 financial crisis, and construction never really returned to pre-recession levels.

Persons: Kamala Harris, Harris, ” Harris, Michael Seiler, College of William & Mary, “, we’re, ” Seiler, Laurie Goodman, ” Goodman, Donald Trump, ” Jared Kushner, Trump’s, CoreLogic, Goodman, “ There’s, ” Organizations: CNN, White House, Wall Street, College of William &, Urban Institute, Bureau of Labor Statistics, Housing Finance, Center, SSRS, Republican, Census Locations: United States, Atlanta, Jacksonville , Florida, Charlotte, North Carolina, Zillow

☆ Prince Andrew's future is murkier than ever. But the royals may never fully cut ties.
▼ + stars: | 2024-10-19 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +7 min

Prince Andrew's "Newsnight" interview has been depicted in a new series. AdvertisementThe public may not completely forgive Prince Andrew's controversies – but the royal family might, according to royal experts. AdvertisementSchofield said the institution is unlikely to ever fully reject Prince Andrew. However, she noted that his involvement in family events could be scaled back when Prince William ascends the throne. "Prince William is incredibly intelligent and recognizes that you are only as strong as your weakest member.

Persons: Prince Andrew's, Duke, York, Jeffrey Epstein, Andrew, —, Prince, Kinsey Schofield, he'd, Andrew's, Prince Andrew, Gillian Anderson, Rufus Sewell, Billie Piper, Sam McAlister, Emily Maitlis, Ruth Wilson, Michael Sheen, Epstein, Ghislaine Maxwell, Epstein's, Virginia Roberts Giuffre, Maxwell, Maitlis, King Charles, King Charles and Prince William, Princess Beatrice, Princess Eugenie, Kristien, Sovereign Grant, Richard Fitzwilliams, Sarah Ferguson, it's, Ferguson, MailOnline, Victoria, Schofield, Prince William, King William, William, Kate, Prince Harry —, Buckingham Organizations: Service, BBC, YouTube, Netflix, Amazon, Palace, International Trade, Investment, KPMG, Standard Chartered, Cisco, BBC News, Sovereign, Telegraph Locations: Windsor, Porta

☆ CNBC Markets Now: October 18, 2024
▼ + stars: | 2024-10-18 | 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 EmailCNBC Markets Now: October 18, 2024CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.

Persons: Michael Santoli Organizations: CNBC

☆ CNBC Markets Now: October 17, 2024
▼ + stars: | 2024-10-17 | 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 EmailCNBC Markets Now: October 17, 2024CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.

Persons: Michael Santoli Organizations: CNBC

☆ Welcome to America's hottest comedy club: LinkedIn
▼ + stars: | 2024-10-17 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +9 min

AdvertisementCheng says he has never worked a corporate job; he's always been a comedian and an online poker player. Jason RoederBut this snark, typically found on X, has seeped into LinkedIn, a much rosier, earnest platform. Roeder quit X and started writing joke posts on LinkedIn about a year ago, he said, after becoming "disillusioned" with what X has become. LinkedIn posts can expose just as much about one person's struggle to find work as they can about another's boasted success. Cheng said the posts had helped him to get comedy gigs, but they've also unlocked new work on the platform itself: as a LinkedIn ghostwriter for executives.

Persons: Ken Cheng doesn't, Cheng isn't, He's, Cheng, Rob Price, Ryan Salame, FTX, Salame, —, we're, Michael Scott, — it's, he's, I've, John Mulaney, Mulaney, Jason Roeder, Roeder, Daniel Roth, they've Organizations: LinkedIn, FCI Cumberland, Gallup, Pew Research Center, another's Locations: London, Maryland, America, TikTok, Los Angeles

☆ The next time an astronaut steps foot on the moon, it could be in a Prada spacesuit. See the design.
▼ + stars: | 2024-10-16 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +5 min

Axiom Space unveiled a Prada-designed spacesuit on Wednesday at the International Astronautical Congress in Milan, where Prada is headquartered. The Prada spacesuit is designed to withstand extreme temperatures. Russell Ralston, executive vice president of extravehicular activity at Axiom Space, told Business Insider that the "critical design review" stage will begin in 2025. Advertisement"Once the AxEMU spacesuit is through NASA's CDR and qualification testing, the spacesuit will be ready for the Artemis III mission," he said in a statement. Artemis III will follow NASA's Artemis II, which is scheduled to launch no earlier than September 2025.

Persons: Artemis, —, Michael Suffredini, Matt Ondler, it's, Russell Ralston, Prada, Artemis III Organizations: Prada, Service, International Astronautical, NASA, Extravehicular, Mercury, Space, Business Locations: Milan, Houston

☆ Billionaire Tom Gores to buy 27% of the LA Chargers for $750 million
▼ + stars: | 2024-10-16 | by ( Michael Ozanian | ) www.cnbc.com time to read: +3 min

Detroit Pistons team owner Tom Gores claps during the press conference on July 30, 2021 at the Pistons Performance Center in Detroit, Michigan. Gores also owns the the National Basketball Association's Detroit Pistons. The private equity founder along with this firm, Platinum Equity, bought the team for $325 million in 2011. The purchase of the Chargers stake is solely by Gores and not affiliated with Platinum Equity. Likewise, the Chargers play in SoFi Stadium, which is also the home of the Los Angeles Rams.

Persons: Tom Gores claps, Tom Gores, Gores, Dea Spanos Berberian, Dean, Alexis, Michael Spanos, Holly, Dean Spanos, Alex G, Berberian, Stan Kroenke Organizations: Detroit Pistons, Pistons, National Football, Los Angeles Chargers, Chargers, Las Vegas Raiders, NFL, National Basketball Association's Detroit Pistons, Platinum Equity, Little Caesars Arena, National Hockey, Detroit Red Wings, Red Wings, NHL, Los Angeles Rams, Rams Locations: Detroit , Michigan, Los Angeles, Oakland , California, SoFi

☆ CNBC Markets Now: October 16, 2024
▼ + stars: | 2024-10-16 | 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 EmailCNBC Markets Now: October 16, 2024CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.

Persons: Michael Santoli Organizations: CNBC

☆ CNBC Markets Now: October 15, 2024
▼ + stars: | 2024-10-15 | 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 EmailCNBC Markets Now: October 15, 2024CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.

Persons: Michael Santoli Organizations: CNBC

☆ Pope urged at LGBTQ meeting to reverse church ban on gender-affirming care
▼ + stars: | 2024-10-14 | by ( ) www.nbcnews.com time to read: +3 min

VATICAN CITY — Pope Francis faced calls to overturn the Catholic Church’s ban on gender-affirming care for transgender people on Saturday when he held talks with LGBTQ activists at the Vatican. “I really wanted to share with Pope Francis about the joy that I have being a transgender Catholic person,” Michael Sennett, who took part in the meeting, told Reuters. The meeting “means that the church is coming along, the church is joining the modern era,” she said. Gramick’s work with LGBTQ Catholics has attracted the ire of Vatican and U.S. Catholic officials for decades, including Pope Benedict XVI. But she has developed a correspondence with Francis, who first welcomed her for a meeting at the Vatican last year.

Persons: CITY — Pope Francis, “, Pope Francis, ” Michael Sennett, Sennett, I’ve, ”, Cynthia Herrick, Herrick, ” Francis, Jeannine Gramick, Francis, Pope Benedict XVI Organizations: CITY, Vatican, Reuters, Catholic, Ministry Locations: U.S, Boston, Louis , Missouri, Vatican

☆ CNBC Markets Now: October 14, 2024
▼ + stars: | 2024-10-14 | 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 EmailCNBC Markets Now: October 14, 2024CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.

Persons: Michael Santoli Organizations: CNBC

☆ Trump Media stock surges as election betting odds shift, Truth Social launches streaming site
▼ + stars: | 2024-10-14 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

In this photo illustration a smartphone screen displays a post by Donald Trump on his Truth Social app, Sept. 12, 2024. Monday's surge also coincided with Trump Media's launch of a new site for its TV streaming app, Truth+. Trump Media was trading above $30 per share at its intraday peak, and closed at $29.95. Meanwhile, Trump Media on Monday morning announced the launch of a separate website for its in-platform streaming service, Truth+. While a slimmer version of Truth+ already exists on Truth Social, the new site offers the "full range" of the company's streaming programming, Trump Media said in a press release.

Persons: Donald Trump, Donald Trump's, Kamala Harris, company's, Al Capone, John Smith, Michael Smith Organizations: Trump Media, Democratic, Trump, Truth, Forbes, Big Tech

☆ SpaceX catches Starship rocket booster in dramatic landing during fifth flight test
▼ + stars: | 2024-10-13 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

SpaceX launched its fifth test flight of its Starship rocket on Sunday and made a dramatic first catch of the rocket's more than 20-story tall booster. The Super Heavy booster lands on the company's launch tower during the fifth Starship flight on Oct. 13, 2024. There are not any people on board the fifth Starship flight. The SpaceX Starship sits on a launch pad at Starbase near Boca Chica, Texas, on October 12, 2024, ahead of the Starship Flight 5 test. Chandan Khanna | AFP | Getty ImagesWith the booster catch, SpaceX has surpassed the fourth test flight's milestones.

Persons: Elon, Dan Huot, Huot, Sergio Flores, we've, Chandan Khanna Organizations: SpaceX, Elon Musk's, Super, Federal Aviation Administration, Afp, Getty, FAA, U.S . Fish, Wildlife Service, Commerce, National Marine Fisheries Service, AFP Locations: Brownsville , Texas, Gulf of Mexico, Boca Chica , Texas, U.S, Texas, Starbase

☆ S&P 500 grinds higher to further record highs, finding little to fear in October
▼ + stars: | 2024-10-12 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

This time of year typically tests nerves, more so when — as now — an election is onrushing and the S & P 500 was already up 20% for the year. Since June 30, the equal-weighted S & P 500 has gained 9.5%, more than triple the Nasdaq 100's rise. A buyer at the mid-July S & P 500 peak of 5667 sustained a quick 8% tumble in three weeks. Goldman Sachs calculated VIX being this elevated with the S & P 500 calmly clicking to record highs is essentially unheard-of. Cash that's still yielding well more than inflation and bonds holding their value allow investors to shoulder higher equity exposures rather than rotating out.

Persons: isn't, it's, Goldman Sachs, Cash, Friday's Organizations: Federal Reserve, Nasdaq, American Association of, Deutsche, –, Bank

☆ Walz tries to burnish his everyman image with trip home to Minnesota
▼ + stars: | 2024-10-12 | by ( Aaron Pellish | ) edition.cnn.com time to read: +5 min

Mankato, Minnesota CNN —As a high school marching band played a rendition of Neil Diamond’s “Sweet Caroline,” Minnesota Gov. Tim Walz walked down the 50-yard line at Friday’s crosstown rivalry football game between Mankato East High School and Mankato West High School. After the coin toss, Walz took a seat on the bleachers, where he took selfies and signed autographs alongside his mother, Darlene Walz. The governor cheered throughout the game as Mankato West took an early lead, and although he departed at halftime, Mankato West held on to win 28-7. Before the game, Tim Walz stopped by Mankato West to greet players as they left for the stadium and speak to old colleagues.

Persons: Neil Diamond’s “, Caroline, ”, Tim Walz, Mankato West High School . Walz, Walz, selfies, Darlene Walz, Gwen, Harris, Kamala Harris, Coach Walz, he’d, “, ” Walz, Michael Strahan, Donald Trump, Walz’s, Sarah Manes, ” Richelle Norton, Gov . Walz, Gwen Walz, I’m, ’ ” Norton, Sherri Blasing, ” Blasing Organizations: Minnesota CNN, ” Minnesota Gov, Mankato East High School, Mankato West High School, “, Minnesota State University, Mankato’s, Mankato West, Minnesota Gov, Democratic, Mankato, National Guard, Beretta, CNN, NFL, Pew Research Center, WPVI News, Gov Locations: Mankato, Minnesota, ” Minnesota, Eye , Minnesota, Philadelphia, China

☆ Prosecutors seek years in prison for Trump Media insider trading Shvartsman brothers
▼ + stars: | 2024-10-11 | by ( Dan Mangan | ) www.cnbc.com time to read: +7 min

Michael Shvartsman, 53, was born in Ukraine when it was part of the Soviet Union. "Mr. Shvartsman has paid a steep price for his insider trading," those lawyers wrote. "Altogether, Shvartsman exhibits a troubling pattern of acting as though he were above the law," prosecutors wrote. "The defendant is a wealthy, successful businessman," prosecutors wrote about Gerald Shvartsman, who is a married father of two children. Roland Riopelle, a lawyer for Gerald Shvartsman, is asking Liman for a sentence with no prison time.

Persons: Michael Shvartsman, Amr Alfiky, Gerald Shvartsman, Lewis Liman, Bruce Garelick, Garelick, Michael Shvartsman's, Donald Trump —, Donald Trump, Jim Watson, DWAC, Alan Futerfas, Dennis Vacco, Judge Liman, Shvartsman, Prosecutors, Roland Riopelle, Liman, Riopelle Organizations: Manhattan Federal Court, Reuters Prosecutors, New, Trump Media, Prosecutors, Soviet Union, Reuters, Rocket, Digital, Republican, Afp, Getty, Trump, Manhattan U.S, Attorney's Locations: Manhattan, New York City, U.S, New York, Florida, Ukraine, Soviet, Italy, Toronto, Canada, Michael Shvartsman's Miami, DWAC, Butler , Pennsylvania

☆ Markets Now: October 11, 2024
▼ + stars: | 2024-10-11 | 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 EmailMarkets Now: October 11, 2024CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.

Persons: Michael Santoli Organizations: CNBC

☆ How the cast of 'Saturday Night' compares to the real-life people they're playing
▼ + stars: | 2024-10-11 | by ( Olivia Singh | ) www.businessinsider.com time to read: +1 min

Jason Reitman's new film "Saturday Night" chronicles how the first episode of "SNL" came together. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA new film centered on the creation of NBC's long-running sketch comedy series "Saturday Night Live" is now in theaters. Here's how the cast compares to the real-life people they're playing in "Saturday Night.'"

Persons: Jason Reitman's, Gabriel LaBelle, Lorne Michaels, Cory Michael Smith, Chevy Chase, —, Jason Reitman, Nicholas Braun, Finn Wolfhard Organizations: Chevy, Service

☆ Wells Fargo CFO: Near the trough on net interest income
▼ + stars: | 2024-10-11 | 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 EmailWells Fargo CFO: Near the trough on net interest incomeMichael Santomassimo, Wells Fargo CFO, joins 'Money Movers' to discuss the story with the company's quarter, how the company is gaining market share, and much more.

Persons: Michael Santomassimo, Wells Organizations: Wells

The extent of the damage to homes and businesses from Hurricane Milton is still being assessed. “There’s a lot of people feeling that anxiety, feeling the stresses, compounding with two different storms so close together,” Martin said. My mental health cannot handle that." Before Hurricane Milton hit, families in Tampa, Florida, were still coping with damage by flooding from Hurricane Helene. The Substance Abuse and Mental Health Services Administration (SAMHSA) recommends to call or text 1-800-985-5990 24/7.

Persons: Hurricane Milton, Meghan Martin, Hurricane Idalia, “, ” Martin, Martin, ”, Gail Saltz, Michelle Chernicoff, David, Helene, Milton, Chernicoff, it’s, Rita Simmons, ” Simmons, Matt Shannon, decompensate, Shannon, Simmons, Hurricane Helene, Michael Warren, Kelly Warren, ’, Warren, ” Michael Warren “ It’s, you’re, ” Michael, ” Kelly, Saltz, Matt Lavietes Organizations: Johns Hopkins, Children’s, Hurricane, Centers for Disease Control, Presbyterian Hospital, West Palm Beach, University of Florida Health, Moffitt Cancer Center, NBC, Mental, Mental Health Services Administration Locations: Hurricane, Florida, St . Petersburg, NewYork, New Port Richey , Florida, West Palm, New Port Richey, Fla, West Palm Beach, barreling, Pinellas County, Florida’s, Sarasota, Clearwater ., Tampa, Tampa , Florida

Ethel Kennedy, who lost her husband, Robert F. Kennedy, and brother-in-law, President John F. Kennedy, to assassins' bullets, and who channeled her grief into raising her 11 children and lifetime of public service, died Thursday. At the time, he was dating her older sister, Patricia, according to an official biography at the John F. Kennedy Presidential Library and Museum. Meanwhile, Robert F. Kennedy's public profile was on the rise as chief counsel to the Senate Select Committee. Following JFK's assassination, Robert F. Kennedy ran successfully for the United States Senate from New York. But two of Kennedy's other sons, Robert F. Kennedy Jr. and Douglas Kennedy, said Sirhan had done his time and supported his parole bid.

Persons: Ethel Kennedy, Robert F, Kennedy, John F, Joe Kennedy III, Ethel Skakel, Sirhan Sirhan, gunning, Kennedy’s, George Skakel, Ann Brannack Skakel, Patricia, Bobby, Ethel, Kathleen, Evan Thomas, Robert Kennedy, Rory, Barack Obama, Andy Williams, Michael, David, Kennedy's, Michael Skakel, Martha Moxley, Saoirse Kennedy Hill, ” Kennedy, “, Joseph P, Kennedy II, Courtney Kennedy, Kerry Kennedy, Christopher G, Maxwell T, Rory Kennedy, Kennedy Jr, Douglas Kennedy, Sirhan, Gavin Newsom Organizations: Kennedy Presidential Library and Museum, United States, White, RFK, Kennedy Center for Justice, Human Rights, California Gov Locations: Chicago, Quebec, Virginia, JFK, JFK's, New York, Palm Beach , Florida, California

☆ CNBC Markets Now: October 10, 2024
▼ + stars: | 2024-10-10 | 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 EmailCNBC Markets Now: October 10, 2024CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.

Persons: Michael Santoli Organizations: CNBC

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