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☆ A family of Venezuelan migrants in Colorado found help in an unexpected place
▼ + stars: | 2024-11-04 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +13 min

After lunch, the American family took Simaray, Samuel and Santi to a pharmacy to buy shampoo and other items they needed. Denver Mayor Mike Johnston poses for a portrait at the Denver City & County Building. Rachel Woolf for CNNA ‘crisis’ was hitting the cityAt first, Mike Johnston didn’t know about the Facebook message his wife had sent. In the weeks that followed, the Johnston family teamed up with another Denver family, who was trying to help Simaray’s sister, Saray, and her 5-year-old twins, Mathias and Laura. “Two or three people came up to buy it, and each time, she said, ‘No,’” Mike Johnston says.

Persons: Simaray Sanzo, Samuel, didn’t, Santi, Sima, bienvenidos, Simaray, who’d, Rachel Woolf, Courtney, She’d, “, ”, Ava, ” Samuel, they’d, Mike, Mike Johnston, ’, Mike Johnston didn’t, Johnston, ” Johnston, Courtney Johnston, she’d, he’d, ’ ” ‘, ’ Samuel, –, tugging, … That’s, don’t, —, ” Courtney Johnston, Mathias, Laura, Laura Sanzo, Mathias Sanzo, Santiago Castellano, ‘, Santi …, I’m, Denver Mayor Mike Johnston, Samuel Castellano, who’ve, they’ve, who's, “ it’s, she’s, ” Simaray, hasn’t, they’re Organizations: Denver CNN, Facebook, CNN, de Denver, Google, Denver, Denver City, Denver Mayor, Democrat, Republican, “ Locations: Santiago, Denver, Venezuela, ”, “, Washington, Aurora

☆ A 45-year-old personal trainer to celebrities including Naomi Campbell shared how he eats and trains to boost his longevity and stay fit
▼ + stars: | 2024-11-04 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +6 min

Celebrity personal trainer Luke Worthington focuses on longevity over hitting fitness personal bests. AdvertisementWorthington, who has trained celebrities including Dakota Johnson, Naomi Campbell, and Jodie Comer, shared his longevity non-negotiables with BI. Luke Worthington used to prioritize his work over his fitness. Luke WorthingtonThree times a week, Worthington strength trains using the "3 x 52" format he uses with his clients. While Worthington used to rely on recipe boxes and convenience foods, he's started cooking from scratch over the past year.

Persons: Luke Worthington, —, he's, it's, Worthington, Dakota Johnson, Naomi Campbell, Jodie Comer, wasn't, Luke Worthington Worthington, I've Organizations: Service, Worthington Locations: London

☆ Quincy Jones, musical titan and entertainment icon, dead at 91
▼ + stars: | 2024-11-04 | by ( Lisa Respers France | ) edition.cnn.com time to read: +7 min

“Tonight, with full but broken hearts, we must share the news of our father and brother Quincy Jones’ passing,” the Jones family said in the statement. American jazz musician, arranger, and composer Quincy Jones (left) works with singer and actor Frank Sinatra on a soundstage, 1964. His family eventually moved to Seattle, Washington, and Jones began taking lessons from famed horn player Clark Terry. Musician, composer and producer Quincy Jones poses for a portrait in 1981 in Los Angeles. In 1967 he married Swedish model Ulla Andersson, and they had two children, Martina and Quincy Jones III, before divorcing in 1974.

Persons: Quincy Jones, Ray Charles, Frank Sinatra, Michael Jackson, Jones, ”, John Dominis, Michael Jackson’s, Clark Terry, Lionel Hampton, Gladys, “, ” Jones, ‘, We’ll, ’ ” Jones, Schillinger, Count Basie, Duke Ellington, Sarah Vaughan, Dizzy Gillespie, Bobby Holland, Michael Ochs, Leslie Gore’s, Peggy Lee, Jackson, Steven Spielberg, Jim Henson, Kevin Mazur, Bel, Will Smith, Jeri Caldwell, Jolie, Ulla Andersson, Quincy Jones III, Peggy Lipton, Rashida Jones, Kidada Jones, Rachel, Carol Reynolds, Kenya Kinski, Nastassja Kinski, Rolling Stone, Louie Armstrong, Mr, Sinatra Organizations: CNN, Hampton, National Endowment, Arts, Berklee College of Music, Michael Ochs Archives, Mercury Records, Party, M Records, Qwest, Jim Henson Studios Locations: Bel Air , California, American, Chicago, Seattle , Washington, Boston, Los Angeles, Haiti, Hollywood , California, Swedish, Kenya

☆ The US is bracing for civil unrest around the election. But just how high is the risk?
▼ + stars: | 2024-11-03 | by ( Katie Balevic | ) www.businessinsider.com time to read: +7 min

The United States is preparing for civil unrest surrounding the election. Election Day itself isn't as high of a risk as the postelection period, analysts say. AdvertisementThe turmoil that took place after the last US presidential election has left its mark. In the final stretch before Election Day, it seems like everyone — from voter advocacy groups and election officials to risk management and security companies — is preparing for civil unrest. The company said the peaceful 2022 midterm elections showed that the threat of civil violence remained comparatively low.

Persons: midterms, —, Kamala Harris, Donald Trump, Glen, Kucera, Rachel Brown, Brown, Jenny Kane, Chris Crawford, Verisk, Maplecroft, Robert Munks, Munks, Trump, Harris Organizations: Service, Allied Universal, National Task Force, Protect Democracy, United Locations: States, Washington and Oregon, Clark County , Washington, Portland , Oregon, Portland, United States, Brazil, Colombia, Chile, South Africa, France, Greece, Spain, Europe, New York, Los Angeles, Chicago, Houston, Americas

But that hasn’t stopped abortion rights supporters from pushing for votes up and down the ballot. Across the South, supporters of abortion rights are using the issue to motivate voters. Although Texas does not have a statewide referendum on abortion, Rep. Colin Allred's Senate campaign has galvanized abortion rights supporters. It’s easier for Democrats to campaign on the issue, she said, because their party is more united in favor of abortion rights than Republicans are in opposition. That switch proved pivotal in passing the state’s abortion ban.

Persons: Roe, Wade, hasn’t, Donald Trump, Kamala Harris, “ Nobody’s, Emma Horst, Martz, Travis Dove, Harris, Colin Allred, Sen, Ted Cruz, Colin Allred's, JerSean Goldblatt, Diana Mutz, ”, “, Lauren Gonzalez, Josh Stein, Mark Robinson, he’s, fairgoers, Brett Dearing, he’d, Bill Pincus, “ I'm, ” Pincus, Bracey Harris, Trump, Cruz, it’s, Allred, Gina Ortiz Jones, Rachel O'Leary Carmona, Joe Biden, — Candi Miller, Amber Nicole Thurman —, Amber Nicole Thurman, Candi Miller, Elijah Nouvelage, Mimi Zieman, GYN, “ They’re, Horst, ” Horst, Matthew Morman, Stein, Morman, we’ve, they’re, ” Matthew Morman, NBC News Safiyah Jackson Organizations: ”, NBC, Colin Allred's Senate, NBC News Abortion, Institute for, Citizens, University of Pennsylvania, North Carolina voters, Elon University, Democratic, Republican, Gov, North Carolina, Fair, Lexington, NBC News, Carolina State Fair, Senate, OB, Trump, Planned Locations: RALEIGH, N.C, —, Wake County, North Carolina, ”, Carolinians, Georgia, Texas, ” North Carolina, Raleigh, Carolina, U.S, Amarillo, Atlanta, Raleigh , North Carolina, Fuquay, Varina

☆ US citizens caught in Virginia’s voter purge aimed at noncitizens speak out
▼ + stars: | 2024-11-02 | by ( Rene Marsh | Danya Gainor | ) edition.cnn.com time to read: +5 min

Glenn Youngkin’s effort to purge 1,600 people he says are suspected noncitizens from the state’s voter registration rolls using records from the Department of Motor Vehicles. Nadra Wilson was also listed as a noncitizen and was purged from Virginia’s voter rolls. She also didn’t realize she had been purged from Virginia’s voter registration rolls until she received a call from CNN. She said she is still undecided but “I have the right to vote.”Saule Bohoney was also wiped off of Virginia’s voter registration rolls. She became aware she had been taken off Virginia’s voter rolls after receiving mail from the state informing her.

Persons: Glenn Youngkin’s, they’d, Noncitizens, Youngkin, ”, Christian Martinez, ” Martinez, Rachel Xu, “ I’m, Xu, Nadra Wilson, Wilson, she’s, ” Fatima Bashir, ” Bashir, ” Saule Bohoney, Bohoney, “, haven’t, Jill Stein, Abdullah Al Mosawa, ” Al Mosawa, Al Mosawa, ” Ryan Snow Organizations: CNN, Republican Gov, Department of Motor Vehicles, Virginia, Noncitizens CNN, George Mason University, Trump, Northern Virginia College, cybersecurity, Green, Lawyers ’, Civil Locations: Georgia, Virginia, China, Brooklyn , New York, Pakistan, Asia, Alexandria , Virginia, Yemen

☆ I always keep these 7 high-protein foods in my kitchen. They make it easy to follow my '4/5' rule, which helped me lose 35 pounds.
▼ + stars: | 2024-11-02 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +5 min

A high-protein diet helped me lose 35 pounds and stay in shape for six years. Staple foods like chicken, Greek yogurt, and chickpeas make following the rule easy. AdvertisementEating a high-protein diet helped me lose 35 pounds six years ago, cut my body fat percentage in half, and keep the weight off. So, I developed a simple strategy for eating enough protein, which I call the "4/5" rule. Here are some of the high-protein foods I always buy to make following the 4/5 rule easy.

Persons: chickpeas, —, Nichola Ludlam, Raine, dollop, Rachel Hosie, con, Chili con carne, Chickpeas, I'm Organizations: Service Locations: Bolognese

☆ Lebanon: Israeli military dropped bombs in ‘lethal proximity’ of at least 19 hospitals, CNN analysis finds
▼ + stars: | 2024-11-02 | by ( Allegra Goodwin | Tamara Qiblawi | ) edition.cnn.com time to read: +15 min

The Lebanese health ministry data and CNN’s analysis of airstrikes show that the Israeli military has dropped bombs within dangerous proximity of hospitals, which are protected under international law. Israel has regularly dropped 1,000-pound and 2,000-pound bombs on Lebanon, according to analysis of aftermath imagery by weapons experts, inflicting catastrophic damage to neighborhoods and towns. The Israeli military has argued that it has deployed these bombs as bunker busters to destroy Hezbollah’s underground infrastructure. The lethal fragmentation radius of these bombs puts nearby people and civilian structures, such as hospitals, at serious risk. That day, an Israeli airstrike hit the premises of Marjayoun governmental hospital in a southern Christian town of the same name.

Persons: ”, Mohammad Fouani, ” Fouani, ” Israel, Yara Nardi, Firass Abiad, Abiad, Israel, “, Firas Abiad, ” Trevor Ball, ” Abiad, what’s, Thaer Ahmad, Al Nasser, Khan Younis, CNN Ahmad, ” Ahmad, Bint Jbeil, Salah, Mones Kalakish, Beirut’s, Jihad Saadeh, Foany, ” CNN’s Rachel Wilson, Abeer Salman, Mohammad Tawfeeq Organizations: CNN, Rafik Hariri University Hospital, Hariri University Hospital, Reuters, Israel Defense Forces, “, CNN CNN, IDF, Hezbollah, UN, Lebanese Civil Defense, Red Cross, Rights, Al Sahel General Hospital, General Hospital, Lebanese, Zahra University Hospital, Zahra University, Beirut’s Rafik Hariri, Hospital Locations: Israeli, “, Iran, Beirut, Israel, Lebanon, Lebanese, Gaza, Al Sahel, American, Dahiyeh, al, Bint, Christian

☆ The final undecided voters could sway the election. They’re not wild about the choice.
▼ + stars: | 2024-11-01 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +9 min

In NBC News’ early October national survey, just 4% of registered voters said they didn’t want to make a choice between former President Donald Trump and Vice President Kamala Harris. One said they plan to vote for Trump, another that they are likely to vote for Harris, and another plans to not vote at all. How anyone could still be undecided a week out from a critical election can be difficult to fathom for supporters of either Trump or Harris. Eric Bush, a systems administrator from Florida, said he’s waiting until he is in the voting booth to make his final choice. But he is still weighing backing Harris, acknowledging a vote for Harris could lead to bigger-government policies that could help others.

Persons: Donald Trump, Kamala Harris, Harris, Trump, Eric Bush, he’s, “, ” Bush, ”, Deshaun, ” Hall, Helen Peppas, Biden, ” “ Trump, I’m, ’, Rachel Naiziurski, Jill Stein, Naiziurski, Chase Oliver, Mike Pence, Oliver, Rob Czaplewski, Nikki Haley, Marco Rubio, ” Czaplewski Organizations: NBC, ’, NBC News, Trump, Green Party, Biden, Israel, Capitol, Nebraska Republican, United Nations, GOP Locations: Florida, Connecticut, Pennsylvania, Ohio, Idaho, New York, Gaza, Amarillo , Texas

☆ Higher taxes will make it harder for Britain to build 'the next Nvidia,' tech execs say
▼ + stars: | 2024-11-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

The lower capital gains tax rate was increased to 18% from 10%, while the higher rate climbed to 24% from 20%. Reeves said the increases will help bring in £2.5 billion ($3.2 billion) of additional capital to the public purses. Still, Reeves said the U.K. would still have the lowest capital gains tax rate of any European G7 economy. watch nowReeves announced that the rate of tax on carried interest, which is charged on capital gains, would rise to 32%, up from 28% currently. She nevertheless urged the government to look seriously at mandating that pension funds diversify their allocation to riskier assets like venture capital — a common ask from VCs to boost the U.K. tech sector.

Persons: Rachel Reeves, Reeves, BADR, Paul Taylor, Taylor, Haakon Overli, Dawn Capital, Overli, Anne Glover, Glover, Clarity, Steve Hare, Sage, Sean Reddington, Reddington Organizations: Labour Party Conference, ACC Liverpool Convention Center, Anadolu, Getty, LONDON, Labour, CGT, National Insurance, Unicorn Council, Nvidia, Dawn, NVIDIA, Amadeus Capital, Wealth, Norway's, Fund Global, Saudi Arabia's Public Investment Fund Locations: Liverpool, British, Britain, VCs

☆ Surge in UK borrowing costs is not a repeat of the 'mini-budget' crisis, economists say
▼ + stars: | 2024-11-01 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

Loading chart...LONDON — U.K. borrowing costs posted two days of gains right after the Labour government unveiled a huge package of borrowing and tax rises in its Wednesday budget — but analysts downplayed the possibility of a second "mini-budget" crisis in the British bond market. The 10-year gilt yield , representing medium-term borrowing costs for the government, was slightly lower on the day at 11:20 a.m. London time. Yields move inversely to prices, so higher yields represent a sell-off in bonds — and an aversion to funding U.K. debt. The incident sent bond yields soaring so rapidly, they threatened to destabilize pension funds. Loading chart..."The market is right to be concerned" about the U.K. fiscal outlook, Mohit Kumar, chief financial economist for Europe at Jefferies, told CNBC.

Persons: Rachel Reeves, Reeves, Liz Truss, BOE, Susannah Streeter, Hargreaves Lansdown, It's, Streeter, CNBC's, Sterling, Mohit Kumar, We've Organizations: LONDON, Labour, Wednesday, Bank of England, Deutsche Bank, Hargreaves, U.S ., Jefferies, CNBC Locations: London

☆ Dollar steady as investors eye U.S. jobs report, election
▼ + stars: | 2024-11-01 | by ( ) www.cnbc.com time to read: +3 min

The dollar steadied against major peers on Friday, as investors awaited the U.S. jobs report to confirm economic resiliency heading into the Federal Reserve's monetary policy meeting and a close-call U.S. presidential election next week. The dollar steadied against major peers on Friday, as investors awaited the U.S. jobs report to confirm economic resiliency heading into the Federal Reserve's monetary policy meeting and a close-call U.S. presidential election next week. The U.S. dollar started November off at a lower level after coming under pressure against the yen and euro on Thursday. (Kazuo) Ueda's press conference," Morgan Stanley MUFG economists Takeshi Yamaguchi and Masayuki Inui wrote in a report on Thursday. The Fed's monetary policy decision next week comes just days after the U.S. presidential election on Tuesday.

Persons: Nonfarm, Tapas Strickland, Kazuo, Ueda's, Morgan Stanley, Takeshi Yamaguchi, Masayuki Inui, Sterling, Rachel Reeves, Donald Trump, Kamala Harris, Trump's Organizations: Federal, Bank of Japan, U.S ., Reuters, National Australia Bank, Gov, U.S, Republican, Democratic, Trump, Treasury, Federal Reserve Locations: U.S

Their clash has already drawn more ad spending than any other Senate race in history, eclipsing the $412 million spent in Georgia’s 2020 race between Jon Ossoff and David Perdue. While Moreno clings to Trump, Brown tends to avoid talking too much about national political figures from either party. “Sherrod Brown, he’s taking ads in like he’s my best friend,” the former president said Sunday during a rally at Madison Square Garden in New York. He also acknowledged the threat of ticket-splitters — and the importance of Trump having coattails long enough to carry Moreno along with him. But then-Rep. Tim Ryan, a Democrat who represented much of the area for years, lost it to Vance in the Senate race by 3 points in 2022.

Persons: Ohio — Sen, Sherrod Brown, Bernie Moreno, Jon Ossoff, David Perdue, Brown, Moreno, Donald Trump, ” Brown, “, it’s, —, ”, ” Sen, Republican Bernie Moreno, Barack Obama, Bob Taft, Trump, “ Sherrod Brown, “ He’s, ” Moreno, MAGA, Donald Trump Jr, Sen, Lindsey Graham, Graham, “ Trump’s, ” Graham, Kamala Harris, “ I’m, Kamala, Joe Biden, ’ ” Brown, Obama, Brown’s, Rachel Petri, JD Vance, Tim Ryan, Vance, they’ve, ” Petri, Paul Adams, Chuck Schumer, Hunter, “ We’ve, ” Trump, Martin Luther King Jr, Shontel Brown, Chris Ronayne, Moreno “, Andre Washington, — Sherrod Brown, David Brock, He’s, ” Moreno —, Sherrod Organizations: Republicans, Trump, NBC News, Teamsters, Republican, Ohio Senate, Ohio Gov, Madison, Trump’s, Democrat, ”, Democratic, Senate, Trump Jr, Cleveland, Ohio Democratic Party, GOP, Fund, Cuyahoga County Democratic Locations: VERMILION, Ohio, Trump, Youngstown, New York, Erie, swingy Lorain County, Lorain, Lorain County, Cleveland, Delaware, Mahoning counties . Delaware, Columbus, Mahoning, Strongsville, Russia, Lake Erie, Cuyahoga County, I’m

☆ Jack Dorsey's payments company Block expands corporate card service to the UK
▼ + stars: | 2024-10-31 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

LONDON — Block, the payments company owned by tech billionaire Jack Dorsey has launched its corporate card service in the U.K. in a bid to deepen its expansion into the country and take on big incumbents like American Express . In the U.K., Square Card will come up against local banking giants like Lloyds and NatWest . Hussain-Letch highlighted The Vinyl Guys as an example of an early adopter of its corporate card offering. The vehicle branding and signage printing shop based in Stafford used the corporate card as part of a testing phase with domestic U.K. customers. Once an employee is onboarded onto the Square Card program, they can begin using within their own digital wallet apps.

Persons: Jack Dorsey, Samina Hussain, Hussain, Letch, We've, Rachel Reeves, Reeves Organizations: American Express, CNBC, Citigroup, U.K, Lloyds, NatWest, Entrepreneurs, Tax Locations: Britain, North America, U.S, Canada, Stafford

☆ Triplets are becoming less common in the United States. Here’s why
▼ + stars: | 2024-10-31 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +10 min

CNN —Giving birth to triplets, quadruplets or even more has become increasingly less common in the United States. It’s not just guidance around embryo transfers that has changed in the past decades, possibly leading to declines in triplets and higher-order births. Separately, she called the new NCHS report, showing a decline in triplets and higher-order multiple births, “fantastic news” for maternal and infant health. But there are many other types of assisted reproductive technology, which could be factors driving these racial disparities, she said. “So we can’t conflate assisted reproductive technology with IVF.

Persons: ” Joyce Martin, Micah Hill, Hill, ” Hill, ”, “, it’s, It’s, Amanda Williams, NICU, ” Martin, Michelle Osterman, Nadya Suleman, Asima Ahmad, ” Ahmad, White, ’ Williams, Dr, Sanjay Gupta, ” Williams, conflate, Black, Rachel McConnell Organizations: CNN, US Centers for Disease Control, CDC’s National Center for Health Statistics, National Center for Health Statistics, Society for, Reproductive Technology, American Society for Reproductive Medicine, Vital Statistics, Get CNN, CNN Health, Columbia University’s Vagelos, of Physicians and Surgeons Locations: United States

☆ UK borrowing costs soar day after Labour government unveiled tax-raising budget
▼ + stars: | 2024-10-31 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

watch nowLONDON — U.K. bond yields spiked sharply Thursday after the ruling Labour Party unveiled a sweeping package of tax hikes and increased borrowing. Yields had already risen on Wednesday shortly after the budget announcement by Finance Minister Rachel Reeves, which contained plans for £40 billion ($52 billion) worth of tax hikes and committed to substantially higher borrowing in the coming years. Despite the big moves this week, the gilt market is remaining relatively stable compared to September 2022, when the U.K. suffered its so-called "mini-budget crisis." Analysts had said ahead of the October 2024 budget that such bond market volatility was unlikely to repeat itself, largely because the U.K. inflation has dropped sharply since the Truss era. Analysts at Goldman Sachs said Thursday it would "reduce the urgency for sequential cuts in the near term."

Persons: Rachel Reeves, We've, Liz Truss, Truss, Reeves, Goldman Sachs, Morgan, Andrew Sheets, BOE, Sterling Organizations: Labour Party, Labour, ING, Budget, Conservative Party, Bank of England, Goldman, CNBC, U.S Locations: London

☆ These stocks are likely to gain from the UK’s major budget announcement, analysts say
▼ + stars: | 2024-10-31 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

Investment banks also suggested that stocks that had dipped ahead of the budget are likely to now gain on better-than-expected outcomes. "The U.K. budget was a clear signal that the new govt. Banks Investors in U.K. bank stocks will also be relieved as no new tax measures were applied to lenders specifically. RBC Capital Markets analysts echoed the view, saying the budget "included no major surprises relevant to the wealth sector." Any changes to the rules were a "relatively benign outcome for the sector" and removed an "event risk" for stocks, the investment bank said.

Persons: Roberta Ciaccia, Balfour Beatty, Rachel Reeves, Jefferies, Graham Hunt, Balfour Beatty's, AJB's, Genuity, Canaccord Genuity, Alex Brooks, Brooks Macdonald Organizations: Labour, City, Investment, Infrastructure Civil, U.K . Finance, Jefferies, Rail, Defence, Banks, RBC Capital Markets, AIM, London Stock Exchange's, Ashtead Tech, Aquis, FactSet, RBC, Tatton Asset Management Locations: Transport, Britain, Quilter

☆ UK businesses warn Labour government's tax-raising budget will hurt hiring and boost inflation
▼ + stars: | 2024-10-31 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

Rachel Reeves, UK chancellor of the exchequer, outside 11 Downing Street ahead of presenting her budget to parliament in London, UK, on Wednesday, Oct. 30, 2024. Bloomberg | Bloomberg | Getty ImagesLONDON — British businesses are smarting after Finance Minister Rachel Reeves' bumper tax-rising budget, with analysts warning that the measures could slow hiring and push up inflation. Under the new rules, employer NI will rise by 1.2 percentage points to 15% from April 2025, while the level at which employers start paying NI for workers will drop from £9,100 to £5,000. Rain Newton-Smith, chief executive of the Confederation of British Industry, a business interest group, described it as a "tough budget for business." That is because businesses could pass on the additional costs to consumers by increasing the price of their products.

Persons: Rachel Reeves, Reeves, —, Roger Barker, Barker, Mike Kemp, Andrew Martin, Newton, Smith, Morgan, Andrew Sheets, CNBC's, Morgan Stanley Organizations: Bloomberg, Getty, LONDON, National Insurance, Labour, Conservative, Institute of, Institute of Directors, of British Industry, Corporation, Insurance, CNBC, Bank of, Morgan Locations: London, City of London, United Kingdom

☆ European markets expected to open lower ahead of euro zone inflation data
▼ + stars: | 2024-10-31 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Traders sit in front of trading screens at ETX Capital in central London on January 3, 2017. LONDON — European markets were heading for a lower open Thursday as investors look ahead to the latest euro zone inflation data. The preliminary reading for October will be closely watched as it will inform the European Central Bank as to the trajectory of expected interest rate cuts. Flash economic data published Wednesday showed that the euro zone economy grew 0.4% in the third quarter of 2024, above the 0.2% rise expected by economists polled by Reuters. There are more earnings Thursday with Shell , Stellantis , Maersk , AB Inbev and Carlsberg reporting.

Persons: Rachel Reeves Organizations: London's FTSE, European Central Bank, Reuters, Shell, Maersk, AB Inbev, Carlsberg, Labour Locations: London, London's

☆ 7 ways that Starbucks CEO Brian Niccol plans to change the coffee chain
▼ + stars: | 2024-10-31 | by ( Amelia Lucas | ) www.cnbc.com time to read: +8 min

Niccol wants to change that. Cutting back an 'overly complex' menuSpain, Barcelona, Plaza de Francesc Macia, Starbucks, coffee shop customer ordering. While the changes may disappoint some customers, Niccol said he thinks that they'll appreciate faster, more consistent service in the long run. Bringing back the condiment barsStarbucks brown sugar sachets are seen in Starbucks Coffee in Krakow, Poland on November 4, 2022. Better staffing in cafesMerida, Mexico, Zona Paseo Montejo Centro, Starbucks Coffee shop, baristas and cashier at work smiling.

Persons: Brian Niccols, Brian Niccol, Rachel Ruggeri, Niccol, Lindsey Nicholson, Macia, Jeff Greenberg, Etienne Laurent, we've, Beata Zawrzel, baristas, Taco Bell, Chipotle, Tressie Lieberman, Almond Organizations: Starbucks, CNBC, Mobile, UCG, Getty, Plaza, Universal, AFP, Nurphoto, Zona Paseo, Centro, Starbucks Rewards, Procter & Gamble, Yum Brands Locations: U.S, Queens , New York, Spain, Barcelona, Manhattan Beach , California, Starbucks Coffee, Krakow, Poland, Merida, Mexico

☆ BlackRock launches ETF that expands beyond the 'Magnificent Seven'
▼ + stars: | 2024-10-31 | by ( Krysta Escobar | ) www.cnbc.com time to read: +1 min

BlackRock's iShares is trying to appeal to investors who want to diversify beyond from the so-called Magnificent Seven. The firm launched the iShares Top 20 U.S. Stocks ETF (TOPT) this month. It doesn't just hold the Magnificent Seven — Apple , Amazon , Meta , Alphabet , Microsoft , Nvidia and Tesla . It's made up of the 20 largest U.S. stocks by market capitalization. Aguirre, the firm's head of U.S. iShares product, noted the ETF's mission is to deliver an easy and accessible way to tap into the innovation of megacaps – "whether that be in the tech-heavy Nasdaq space or, more broadly, within the S&P [500]."

Persons: iShares, It's, BlackRock's Rachel Aguirre, CNBC's, Aguirre Organizations: Stocks, Microsoft, Nvidia, Tesla

☆ UK borrowing costs spike after extensive tax hikes announced in budget
▼ + stars: | 2024-10-30 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Maja Smiejkowska | ReutersLONDON — U.K. borrowing costs on Wednesday touched their highest level since Labour took office, after Finance Minister Rachel Reeves unveiled a vast package of tax hikes in her first budget. The yield had cooled to a 3 basis point rise to 4.35% by 4:00 p.m. U.K. time (12:00 p.m. The yield on 2-year bonds, which in the U.K. are known as gilts, were over 6 basis points higher at 4.33% after rising by as much as 10 basis points. The Treasury separately said it would raise gilt issuance by £22.2 billion ($28.9 billion) to £299.9 billion for the fiscal year to meet its net financing requirement. Those included the facts that many key policies had already been announced, and that any increase in borrowing would be to fund public investment.

Persons: Rachel Reeves, Maja Smiejkowska, Reeves, Liz Truss Organizations: Reuters LONDON, Labour, Treasury, Conservative Party, Bank of England Locations: London, Britain

☆ UK budget: Britain targets the wealthy as it hikes taxes by $52 billion
▼ + stars: | 2024-10-30 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

“Today, I am restoring stability to our public finances and rebuilding our public services,” Reeves said, arguing that the now-opposition Conservative Party had “failed” Britain, including by inadequately budgeting for required government spending. A black hole in the public finances. Public services on their knees. The government will instead introduce a new tax system for such individuals, raising £12.7 billion ($16.5 billion) over the next five years. The tax hike will eventually raise £25 billion ($33 billion) per year.

Persons: Rachel Reeves, ” Reeves, “, Reeves, Jeremy Hunt’s, Hunt Organizations: London CNN, Labour, Conservative Party, National Health Service, Labour Party, ’ National Insurance Locations: United Kingdom, “, Britain

☆ These stocks and bonds are set to win from the U.K.'s budget, analysts say
▼ + stars: | 2024-10-30 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

The U.K.'s Labour Party is set to unveil its national budget for the first time in 14 years later on Wednesday. Investment bank analysts have highlighted several stocks that could win or lose ground if the rumored measures are unveiled or curtailed. The Wall Street bank's analysts added that "U.K. long-dated yields might decline with easing budget uncertainty and continued inflation relief". The chancellor is reported to want to remove the inheritance tax relief available to investors holding stocks listed in this market in the Wednesday budget. Such a move may entice existing investors to sell the stocks, if the tax policy change likely impacts them.

Persons: Rachel Reeves, Goldman Sachs, Christian Mueller, Glissmann, Pound Sterling, Investec's Ben Newell, Alan Brierley, Investec's, Genuity, Canaccord Genuity, Alex Brooks, Justin Bates, Portia Patel, Michael Bloom Organizations: Labour, Finance, Investment, London Stock Exchange, Foresight, Fund, Greencoat, Renewables, Infrastructure, International, AIM, London Stock Exchange's, Technology Ashtead Tech Locations: United Kingdom

UK Finance Minister Rachel Reeves makes a speech during the Labour Party Conference that is held at the ACC Liverpool Convention Center in Liverpool, UK on September 23, 2024. LONDON — Nearly four months after taking office, the U.K.'s Labour government is set to unveil its debut budget on Wednesday, with markets braced for a major fiscal shake-up. "There's a huge amount of interest in this budget," Amanda Tickel, head of tax and trade policy at Deloitte U.K., told CNBC on Tuesday. Tickel forecast £35 billion ($45.4 billion) worth of tax rises and £5 billion in spending cuts to plug what Finance Minister Rachel Reeves says is a "big gap" in the budget. We haven't had a Labour government for 14 years, and they're going to want to make their mark on the tax system," she said.

Persons: Rachel Reeves, Amanda Tickel, haven't, we've, Reeves Organizations: Labour Party Conference, ACC Liverpool Convention Center, LONDON, Labour, Deloitte, CNBC Locations: Liverpool, London

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