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☆ Larry Fink says the Fed won't cut interest rates as much as markets expect this year
▼ + stars: | 2024-10-29 | by ( Natasha Turak | ) www.cnbc.com time to read: +3 min

The U.S. Federal Reserve won't cut interest rates as much as markets expect because "embedded inflation" is too high, Blackrock CEO Larry Fink said Tuesday, speaking at a CEO-studded panel in Riyadh, Saudi Arabia. The Biden administration's legislation, such as the Inflation Reduction Act and the Infrastructure Investment and Jobs Act, have pushed those efforts forward. "Today, I think we have governmental policies that are embedded inflationary, and, with that being said, we're not gonna see interest rates as low as people are forecasting," Fink said. The Fed cut its benchmark rate by 50 basis points in September, signaling a turning point in its management of the U.S. economy and in its outlook for inflation. In late-September reports, strategists at J.P. Morgan and Fitch Ratings predicted two additional interest rate cuts by the end of 2024, and expect such reductions to continue into 2025.

Persons: Andrew Ross Sorkin, Larry Fink, Saudi Arabia . Fink, " Fink, onshoring, we're, Fink, Morgan, Goldman Sachs, Carlyle, Morgan Stanley Organizations: BlackRock, New York Times DealBook, Jazz, Lincoln Center, U.S . Federal, Blackrock, Saudi, Future Investment Initiative, Biden, Infrastructure Investment, Jobs, Fed, Fitch, U.S . Bureau of Labor Statistics, Standard Chartered Locations: New York City, Riyadh, Saudi Arabia, China, U.S

☆ Stocks making the biggest moves after hours: Cadence Design Systems, Ford, Boot Barn and more
▼ + stars: | 2024-10-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Cadence Design Systems — The electronic design stock jumped 5% after third-quarter earnings topped Wall Street expectations. Cadence Design earned $1.64 per share, excluding items, on $1.22 billion in revenue, while analysts surveyed by LSEG penciled in just $1.44 in earnings per share and $1.18 billion in revenue. The company also hiked up its midpoint outlook for non-GAAP earnings per share in 2024. Analysts polled by LSEG had anticipated just $3.45 in earnings per share on $731 million in revenue for the quarter. Trex reported adjusted earnings of 37 cents per share in the third quarter, while analysts anticipated just 32 cents, per FactSet.

Persons: LSEG, Ford, Trex, Jim Conroy, John Hazen, Conroy Organizations: Systems, Cadence, LSEG, Revenue, Ross Stores Locations: The Colorado

☆ I've been to over 200 high-end golf courses around the globe. Here are 8 of my all-time favorites.
▼ + stars: | 2024-10-27 | by ( David Weiss | ) www.businessinsider.com time to read: +7 min

I'll never forget Cypress Point Club in Pebble Beach, CaliforniaCypress Point Club is right on the water. Forest Dunes Golf Club in northern Michigan is one of the Mitten State's best-kept secretsForest Dunes Golf Club has trees, water, and greenery. Evan SchillerTo create Forest Dunes Golf Club, golf pro Tom Weiskopf routed 18 holes through aromatic, pine-studded sand dunes in the middle of Michigan farm country. Chris Coduto/Getty ImagesScottsdale, Arizona, is home to over 200 golf courses and is a choice winter getaway for snowbirds from all over. AdvertisementOmni Golf's Grove Park Inn is still popular after 100 yearsThe Omni Grove Park Inn has been around for quite some time.

Persons: —, it's, I've, David Madison, Alister MacKenzie, Robert Trent Jones, Evan Schiller, Tom Weiskopf, Tom Doak, David McLay Kidd, Gamble, Kidd, Chris Coduto, Jack Nicklaus, Donald Ross, Barack Obama, Scott Fitzgerald, Tom Weiskopf's Cabo Organizations: Point, Spyglass, Omni, Service, California Cypress Point, Getty, University of Michigan, Getty Images, North, Cabo del Sol Locations: California, Cabo, Sol, Pebble Beach, California Cypress, Cypress, Pebble Beach , California, Spyglass, Cypress Point, Carmel, Michigan, Roscommon , Michigan, Bandon, Oregon, Brewster , Washington, Columbia, Scottsdale, Arizona, Getty Images Scottsdale , Arizona, Omni Grove, Grove, Carolinas, North Carolina, Pinehurst, Asheville, Mexico, Tom Weiskopf's Cabo del Sol, Cabos, Cortez

Federal authorities, meanwhile, say their security procedures are sound heading into Election Day, Nov. 5. Its domestic flight bookings are down 19% for the week of the election compared with the same week last year. That has left more room for political jitters to creep into consumers’ travel considerations, travel agents say. That’s partly why Olivia MacLeod Dwinell, 64, and her husband Ross Dwinell, 74, were in Europe this month. Olivia MacLeod Dwinell and her husband, Ross Dwinnell.

Persons: Emily Reeve, “, ”, Reeve, Ed Bastian Delta, Ed Bastian, Delta, they’d, Kamala Harris, Donald Trump, they’re, Kelly Soderlund, Thibaud Moritz, ” Soderlund, Transportation Security Administration “, Jeffrey Price, Olivia MacLeod Dwinell, Sonia Bhagwan, Ross Dwinell, Dwinell, Ross’s, “ We’re, ” Kimberly Kracun, Kimberly, Ross Dwinnell, Olivia MacLeod Dwinell “, ” Kracun, Chirag, Panchal Organizations: Federal, Delta Air, Ed Bastian Delta Air, CNBC, United Airlines, AFP, Getty, Republican, Trump, Transportation Security Administration, ” Flyers, MMGY Travel Intelligence, Future Partners, Baby Boomers, Chirag Panchal, Dallas Locations: Hawaii , Florida, Portland , Oregon, U.S, Navan, Portland, Europe, London, France, Harpers Ferry, West Virginia, Dallas

☆ Steven Alderson was bullied at school for being autistic. Decades on, a historic win has made him an Australian national hero
▼ + stars: | 2024-10-26 | by ( Jack Bantock | ) edition.cnn.com time to read: +8 min

Instead, the tide of popular support swelled from the winner’s interview a watery-eyed Alderson gave in the wake of triumph at Real Club de Golf Sotogrande. Fighting back tears, the victor recalled the years of bullying he had endured at school, and even some golf clubs. “Normal people just think people with disabilities are different and they’re probably easier to be bullied and picked on,” Alderson told CNN Sport. “I’ve known Spud for a long time, so I know if he’s having a mini blow-up,” Blucher said. “If you’re being bullied, just do your best to ignore it and be the better person,” he said.

Persons: Steven Alderson, Alderson, Spud ”, Alderson –, ” Alderson, “, Andrew Redington, ”, Callum Ferguson, Alex Ross, LIV, Greg Norman, It’s, caddie Trent Blucher, “ Trent, Blucher, Spud, ” Blucher, ‘, Jon Rahm, Rahm, Isaiah Vazquez, Qatar’s dizzying, it’s, you’re Organizations: CNN, KFC, Estrella Damm NA, Real Club, “, CNN Sport, Golf, LIV Golf Adelaide, The Grange, United Arab Emirates, McLaren, Qatar’s dizzying Hamad International Locations: Australia, Spain, South Australia, Willunga, The, caddie, Sotogrande, Dubai, McLaren Vale, Adelaide, Qatar’s, Qatar’s dizzying Hamad

When authorities questioned the chief about the call, he “would only say that he told Defendant McKinney to call 911,” the filing says. McKinney II, 56, and a third defendant, Josh Mullins, 24, were indicted on tampering charges and have pleaded not guilty. A lawyer for McKinney II did not immediately respond to a request for comment. Michael McKinney II, 56, is escorted by a police officer. According to the family’s lawsuit, McKinney II then got on the phone and said no emergency response was necessary.

Persons: Michael McKinney III, —, Michael McKinney II, Amber Spradlin, “, Defendant McKinney, Spradlin, McKinney III, McKinney, Josh Mullins, Randy Woods, Steve Romines, — McKinney, Debbie Hall, Roy Kidd, Kidd, ” Kidd, Spradlin’s, Kidd —, I’m, ” McKinney, Ross Shurtleff, Tim Stelloh, Rachel White Organizations: — Prosecutors, ”, Floyd Circuit, Prestonsburg Police Department, Prestonsburg Police Locations: Ky, Kentucky, Prestonsburg, Floyd County, Alameda , California, Prestonburg

☆ Groq CEO Jonathan Ross reveals strategy to lead AI chip market
▼ + stars: | 2024-10-24 | by ( Hugh Langley | ) www.businessinsider.com time to read: +3 min

While many AI companies have focused on training large language models, Groq seeks to make them run as fast as possible using chips it developed called LPUs, or language processing units. The gambit is that as AI models get better, inference — the part where the AI makes decisions or answers questions — will demand more computing power than training will, positioning Groq to reap the rewards. Groq's special (and tightly patented) sauce is its specialized chip design says Ross. Dean asked Ross's team to design a chip based on a specific type of integrated circuit they were using, and the result was Google's first tensor processing unit, a chip designed specifically for AI. Watching the AlphaGo program land a complex "shoulder hit" move on its opponent was validation for Ross that faster inference meant better, smarter AI.

Persons: Groq, Ross, —, Google's, Jeff Dean, Dean, Ross's, Lee Sedol Organizations: Rivals, Nvidia, Google

Tech billionaire Darwin Deason has spent about $86 million creating his own personal Versailles. It took years to finish the Sand Castle, his Pacific Ocean-front estate in La Jolla, California. The tech billionaire has listed his opulent estate overlooking the Pacific Ocean in La Jolla, California, for $108 million. AdvertisementOver about six years, the Journal said, Deason spent about $60 million turning the lots into a sandy-colored, balcony-laden 13,000-square-foot mansion. Deason mainly uses the 10-bedroom property, located at 1900 Spindrift Drive and dubbed the Sand Castle, as a vacation retreat.

Persons: Darwin Deason, Deason, —, Darwin, Egon Durban, Forbes, Brett Dickinson, Ross Clark Organizations: Tech, Service, Affiliated Computer Services, Xerox, Wall Street, of, Compass Locations: Versailles, La Jolla , California, Diego County, of Versailles, South of France, Dallas, Texas, Mexico, La Jolla

☆ Ole Miss built a $10M roster to reach the 12-team Playoff. With 2 losses, now what?
▼ + stars: | 2024-10-24 | by ( David Ubben | ) www.nytimes.com time to read: +9 min

18 Ole Miss’ goal is still technically in reach, but the 29-26 overtime loss to LSU on Oct. 12 sharply steepened the odds. He founded his own business before agreeing to lead Ole Miss’ NIL collective in the middle of 2022. The winds of change were blowing heavily toward an expanded Playoff, making Ole Miss’ dreams of inclusion more within reach. In September, Arkansas athletic director Hunter Yurachek called out Arkansas fans at an event and said they needed to grow their numbers to be more like Ole Miss’ collective. (Photo of Ole Miss players Jamarious Brown, left, and Walter Nolen: Jonathan Bachman / Getty Images)

Persons: ”, “, Lane Kiffin, Ole Miss, Walker Jones, Jones, Ole, Ole Miss ’, We’re, ” Jones, Armour, Keith Carter, Carter, We’ve, ” Carter, Dart, ’, Kiffin, ‘, we’re, Tre Harris, Harris, Walter Nolen, Trey Amos, Antwane Wells, JJ Pegues, Quinshon Judkins, Ross Bjork, Hugh Freeze, Hunter Yurachek, ” Yurachek, ’ ” Jones, Jamarious Brown, Jonathan Bachman Organizations: SEC, Ole Miss, LSU, Rebels, Oklahoma, NCAA, Louisiana Tech, Ohio State, ESPN, Buckeyes, Auburn, Arkansas, Getty Locations: Kentucky, Georgia, 247Sports, Texas, Florida, , Alabama, South Carolina, Grove, Arkansas, Death

Former President Donald Trump will sit with Joe Rogan for a taping of his podcast in Austin, Texas, on Friday, according to two sources familiar with the planning. "The Joe Rogan Experience" has reigned for years as one of the most popular podcasts in all of media, particularly among young men, who have been key targets of the Trump campaign. "The Joe Rogan Experience" has received criticism over the years after Rogan spread misinformation about Covid, used racial slurs and made antisemitic comments. In February, Rogan and Spotify inked a multi-year deal that would allow the podcast host to bring "The Joe Rogan Experience" to other audio platforms. According to Spotify, it is currently the platform's popular podcast.

Persons: Donald Trump, Joe Rogan, Trump, Kamala Harris, Ben Shapiro, Adin Ross, Theo Vonn, Andrew Schulz's, Akaash Singh, Rogan, Sen, Bernie Sanders, Trump's, Robert F, Kennedy Jr, I’m Organizations: Spotify Locations: Austin , Texas, Texas, Houston , Texas

☆ Paul Tudor Jones says market reckoning coming on spending after election: 'We are going to be broke'
▼ + stars: | 2024-10-22 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Billionaire hedge fund manager Paul Tudor Jones is raising alarms about the U.S. government's current fiscal deficit and the increased spending promised by both presidential candidates, saying the bond market may force the government's hand after the election in addressing it. "We are going to be broke really quickly unless we get serious about dealing with our spending issues," Jones told CNBC's Andrew Ross Sorkin on Tuesday. The founder and chief investment officer of Tudor Investment said he was worried that government spending could cause a big sell-off in the bond market, spiking interest rates. He said he plans to not own fixed income and will be betting against the longer-dated part of the bond market. Jones founded his hedge fund more than four decades ago and rose to prominence by correctly predicting the stock market crash of 1987.

Persons: Paul Tudor Jones, Jones, CNBC's Andrew Ross Sorkin, Donald Trump, Joe Biden, Trump, Kamala Harris Organizations: Tudor Investment, Treasury Department, Wall Street, Trump Locations: United States

☆ The election could be less of a market catalyst than people think, some investors say
▼ + stars: | 2024-10-21 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

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

☆ Trump vs. Harris: The 2024 Election Has Taken Over TikTok
▼ + stars: | 2024-10-21 | by ( Sapna Maheshwari | Madison Malone Kircher | ) www.nytimes.com time to read: +11 min

Austin Nasso, a 29-year-old comedian in New York City, regularly posts impressions of both Mr. Trump and President Biden. Eight of the 10 most viewed TikTok videos about the September debate were from mainstream news sources, according to Zelf data. But Ms. Harris and Mr. Trump take decidedly different approaches to their content. @realdonaldtrump Mr. Trump also finds moments for levity, often on his separate campaign account, @TeamTrump, to keep viewers paying attention. @teamtrumpLike Mr. Trump, Ms. Harris and her campaign also have two distinct accounts, one with a more formal feel and a second, @KamalaHQ, where her campaign lets loose.

Persons: Kamala Harris, Donald J, Trump, Chappell Roan, Taylor Swift, she’ll, Harris, Republican Swifties, “, Donald Trump, JD Vance, Trump's, Swift, Austin Nasso, Biden, “ I’m, Mr, Nasso, ” Sam Wiles, Vance, hadn’t, Wiles, ”, Allison Reese, Ms, she’s, Reese, Hamilton ”, David Chalian, TikTok, “ Harris, Phil Harvey, Link Lauren, Robert F, Kennedy Jr, ’, Spehar, Ross, Jake, Logan Paul, Bryce Hall, Bryson DeChambeau, DeChambeau, “ Bro, Cori Bush, Vivek Ramaswamy, Lindsay Gorman Organizations: New York Times, Republican, Trump, Times, Hamilton Liberals, Broadway, The Daily Mail, CNN, NBC, cnn, Daily Mail, Obama, MSNBC, Fox News, YouTube, Missouri Democrat, German Marshall Fund Locations: New York City, Los Angeles, United States, TikTok, Plenty, San Francisco, ”, Missouri

☆ King Charles arrives in an Australia with mixed feelings about the monarchy
▼ + stars: | 2024-10-19 | by ( Hannah Peart | Hannah Peart Is An Intern In The Nbc News London Bureau. | ) www.nbcnews.com time to read: +7 min

LONDON — King Charles III has expressed “deep love and affection” for Australia, a former part of the British Empire. Charles, 75, is Britain’s first reigning monarch to visit Australia in 13 years. The royal visit to Australia includes a Monday reception at Parliament House in Canberra, the capital, where the king will meet with Albanese. King Charles and Queen Camilla are greeted upon their arrival at Sydney International Airport on Friday. King Charles is projected on the Sydney Opera House ahead of his official visit on Friday.

Persons: Charles III, ”, Charles, Queen Camilla, Queen Elizabeth II, Charles ’, Anthony Albanese, Albanese, King Charles, Saeed Khan, Queensland Premier Steven Miles, Western Australia Premier Roger Cook, South Australia Premier Peter Malinauskas, Chris Minns, Jeremy Rockliff, Bev McArthur, —, “, ” Nathan Hansford, Nathan Ross, Queen Camilla “, ” Charles, Daisy McAndrew, David Gray, Eric Abetz, ” McArthur Organizations: Commonwealth, House, Tasmania —, Sydney International Airport, Getty, Queensland Premier, Western Australia Premier, South Australia Premier, New South Wales, Tasmania, Australian Monarchist League, Australian Republic Movement, ARM, NBC News, Sydney Opera House, Sydney Opera Locations: Australia, British, Sydney, Samoa, Britain, Canada, Canberra, South Wales, Victoria, Queensland, Western Australia, South Australia, Tasmania, AFP, New, U.S, Commonwealth, Tasmanian, Caribbean, Barbados

☆ No. 2 Oregon completes first road shutout in more than 30 years with dominant win over Purdue
▼ + stars: | 2024-10-19 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

2 Oregon Ducks coasted to a dominant 35-0 win over the Purdue Boilermakers on Friday, delivering the school’s first road shutout victory since 1992. Quarterback Dillon Gabriel starred again, finishing 21-of-25 for 290 yards and two touchdowns while running back Jordan James added two scores. With the win, Oregon improves to 7-0 overall on the season, and 4-0 in the Big Ten. “But I was proud that our guys were able to go out there and get a victory.”Purdue Boilermakers running back Reggie Love III (23) is tackled by Oregon Ducks linebacker Teitum Tuioti (44) during the second half. Purdue’s own defense, meanwhile, faltered immediately as the Ducks scored touchdowns on their first three possessions.

Persons: Quarterback Dillon Gabriel, Jordan James, Ade, Dan Lanning, ”, Reggie Love III, Teitum Tuioti, Marc Lebryk, James, Tez Johnson, Noah Whittington, Jay Harris, cornerback Kam Alexander, Ryan Browne Organizations: CNN, Oregon Ducks, Purdue Boilermakers, Big, USC, UCLA, Ducks, Ohio State, Ross, ”, ” Purdue Boilermakers, USA, Sports, Reuters, Boilermakers, cornerback, Purdue, Oregon, Georgia Bulldogs, Texas Longhorns, BYU Cougars, Oklahoma State Cowboys Locations: Oregon, Washington , Oregon, West Lafayette , Indiana

☆ Trump judge's latest release of Jan. 6. evidence was heavily redacted. Here's what was included.
▼ + stars: | 2024-10-18 | by ( Natalie Musumeci | Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

A federal judge has released additional evidence against Donald Trump in his election interference case. The release follows a previously unsealed motion with new evidence against Trump by special counsel Jack Smith. Trump tried to delay the release of Friday's court documents until after the 2024 presidential election. The collection is related to special counsel Jack Smith's 165-page bombshell motion that included a trove of new evidence against Trump in the case. Advertisement"That's exactly what I did," Bowers told committee member Adam Schiff during the June 19, 2022 interview.

Persons: Donald Trump, Jack Smith, Trump, —, Tanya Chutkan, Jack Smith's, Smith, Brad Raffensperger, Chutkan, Mike Pence, Anna Moneymaker, Mike Pence's, Joe Biden's, Rusty Bowers, Ross D, Biden, Bowers, Adam Schiff, Bower's Organizations: Trump, Service, United States, Georgia, Prosecutors, Former Arizona, AP, Arizona House

☆ These 3 UK stocks are on the march and set to soar by over 50%, RBC says
▼ + stars: | 2024-10-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Three London stocks are on the march and are expected to rise by more than 50% over the next 12 months. TM17-GB 1Y line More recently, RBC said the company reported "a good set of results" in September. The company reported £80.6 million in total sales, missing revenue expectations of £81.5 million marginally. Wheeler also noted that the stock had "significant upside potential" after the company reported its first-half results on July 26. RBC analyst Charles Weston said the stock remains "materially undervalued" after the company reported its first half-year financial results.

Persons: Debbie Bestwick's, Steve Bell's, Frank Sagnier's, Ross Broadfoot, Broadfoot, Team17, RBC's Alexander Wheeler, Wheeler, Charles Weston, OXB Organizations: CNBC Pro, RBC Capital Markets, RBC, Drax, Oxford Biomedica, Oxford, University of Oxford Locations: London, England, Team17

☆ Sinwar’s death offers an opening to end the war in Gaza – and a test for Netanyahu
▼ + stars: | 2024-10-17 | by ( Dan De Luce | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Smith-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +8 min

After a yearlong manhunt, including help from U.S. intelligence agencies, Israeli troops stumbled upon him during a routine patrol, Israeli officials said. Yahya Sinwar in Gaza city on Oct. 18, 2017. Now a cease-fire, the return of hostages and even the withdrawal of Israel Defense Forces from Gaza could be within reach, former officials said. One of the hostages Hamas took on Oct. 7 was an 85-year-old peace activist, Yocheved Lifshitz, who was later released. She told to the Israeli newspaper Davar about encountering Sinwar in the maze of tunnels under Gaza.

Persons: Yahya Sinwar, Benjamin Netanyahu, “, ”, Bruce Riedel, ” Sinwar, Atia Darwish, Sinwar, Biden, ” Dennis Ross, Ross, they’re, Antony Blinken, ” “, Blinken, Matthew Miller, Aaron David Miller, Netanyahu, Sinwar’s, Burcu Ozcelik, Israel, Ghaith Al, Yocheved Lifshitz Organizations: Israel, Hamas, CIA, Biden, Washington Institute for Near, Israel Defense Forces, Gaza, United Arab, State, Carnegie Endowment, International, Royal United Services Institute, Lebanese, Hezbollah Locations: Gaza, Israel, Iran, U.S, Lebanon, United States, United Arab Emirates, London, Palestinian, Hamas, Qatar

☆ How Blackstone made 18,000 workers owners of their HVAC company
▼ + stars: | 2024-10-17 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +11 min

Earlier this year, Blackstone rolled out an ownership plan for employees of HVAC company Copeland. The newest rage in private equity seeks to flip that model on its head by offering employees equity on top of their regular salaries. Success in private equity is often evaluated by how much money a deal generates compared to the initial investment. Joe Baratta, global head of private equity at Blackstone BlackstoneAcross the industry, high interest rates have squeezed returns and exit opportunities. KKR's global cohead of private equity, Pete Stavros, also helped found the nonprofit Organizing Works to encourage the adoption of this model across the private equity industry and beyond.

Persons: Blackstone, Copeland, Here's, —, Ross Shuster, Shuster, Stuart Dalgleish, Joe Baratta, Dalgleish, we've, Copeland's Shuster, outsized, Pete Stavros, KKR's Stavros, NPR's, Ted, Stavros, Josh Ryan, Leonard Green, Axel Springer Organizations: Service, Business, Blackstone, Emerson Climate Technology, Blackstone ., BI, Human, Emerson Electric, Employees, Merlin Entertainment, Blackstone Blackstone, KKR, CHI, NPR, GeoStabilization, Leonard Green & Partners Locations: New York City, Manhattan

The S&P 500 and the Dow Jones Industrial Average rose to fresh records Monday as investors awaited the next batch of key corporate earnings. The broad market index climbed 0.77% to 5,859.85, while the 30-stock Dow advanced 201.36 points to 43,065.22. Both averages hit all-time highs and closed at records, with the Dow ending the session above the 43,000 mark for the first time. The early signs of a recovery in banking profits helped push the broader market to all-time highs at the end of last week. The S&P 500 closed above 5,800 for the first time on Friday, while the blue-chip Dow also reached an all-time high.

Persons: Goldman Sachs, Johnson, Morgan Stanley, Wells Fargo, Dow, Bernstein, ”, Baird, Ross Mayfield Organizations: Dow Jones, Dow, Nasdaq, UnitedHealth, Apple, Technology, Bank of America, Johnson, United Airlines, Walgreens Boots Alliance, Netflix, Procter, Gamble, JPMorgan Chase, Federal, Treasury, Columbus Day

☆ Why Chargers coach Jim Harbaugh briefly left Sunday's game
▼ + stars: | 2024-10-14 | by ( Scott Stump | ) www.nbcnews.com time to read: +5 min

Los Angeles Chargers head coach Jim Harbaugh left the sidelines in the middle of the team’s game on Sunday due to what he said afterward was an “atrial flutter,” in which his heartbeat went out of rhythm. Harbaugh’s brother, Baltimore Ravens head coach John Harbaugh, abruptly left the team’s postgame press conference after being informed that Jim had experienced a health issue during the Chargers game. What happened to Jim Harbaugh during the Chargers game? The term “sinus rhythm” Harbaugh used refers to the heart’s normal rhythm. The Baltimore Ravens’ 30-23 win over the Washington Commanders had concluded while the Chargers game was still being held.

Persons: Jim Harbaugh, Harbaugh, Jesse Minter, John Harbaugh, Jim, AJ Ross, ”, “, ” Harbaugh, “ I’m, ‘, ’, you’re, I’ve, “ I’ve, Colin Kaepernick, Colin, didn’t, wasn’t, ” John Harbaugh, Joe Hortiz, John Organizations: Los Angeles Chargers, Chargers, Denver Broncos, Baltimore Ravens, CBS, American Heart Association, San Francisco 49ers, 49ers, Chicago Bears, Broncos, AHA, Washington, Athletic, Super, John’s Ravens, Jim’s 49ers

CNN —Canada announced the expulsion of six Indian diplomats Monday, including the high commissioner, after the police accused agents of the Indian government of being linked to homicides, harassment and other “acts of violence” against Sikh separatists in the country. The Indian government has called the accusations “preposterous” and said it was withdrawing the officials expelled by the Canadian government. Earlier on Monday, the Royal Canada Mounted Police (RCMP) took the unusual step of publicly disclosing details of multiple investigations into the involvement of Indian government agents alleged to have taken part in “serious criminal activity” in Canada. RCMP Commissioner Mike Duheme, left, and Assistant Commissioner Brigitte Gauvin take part in a news conference at RCMP National Headquarters in Ottawa on Oct. 14, 2024. Earlier this year, Canada charged several Indian nationals with the alleged murder of Nijjar, a Canadian citizen.

Persons: ”, Mélanie Joly, Stewart Ross Wheeler, Sanjay Kumar Verma, ” Joly, “, Hardeep Singh Nijjar, Mike Duheme, Duheme, Brigitte Gauvin, Justin Tang, ” Duheme, Nijjar, Trudeau, Weeks, Gurpatwant Singh, Nikhil Gupta, Pannun Organizations: CNN — Canada, Sikh, “ Global Affairs Canada, Canada’s, Foreign Affairs, India’s Ministry, External Affairs, Royal Canada Mounted Police, RCMP, RCMP National Headquarters, Canadian Press, Canadian, ” Global Affairs Canada, Indian Locations: Canada, India, Ottawa, Canadian, Surrey, British Columbia, India’s Punjab, United States

☆ Media mogul Barry Diller slams fellow billionaires who back Trump for economic reasons: they 'don't need another nickel'
▼ + stars: | 2024-10-14 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Barry Diller called out ultrarich Americans who support Trump for economic reasons. The IAC chairman said those people were ignoring Trump's character flaws in pursuit of financial gain. Both Trump and Harris have pitched tax breaks ahead of this year's presidential election. AdvertisementBarry Diller criticized other ultrawealthy Americans for backing former president Donald Trump for economic reasons when they don't need any more money. The CRFB study found that Harris' policy proposals would add $3.5 trillion to the deficit.

Persons: Barry Diller, Harris, —, Donald Trump, Diller, who's, He's, Kamala Harris, Michael Wolff, Andrew Ross Sorkin, Trump, John Paulson, Paulson, didn't, Trump's Organizations: Trump, IAC, Service, Paramount Pictures, Century Fox, USA Networks, Democratic, Business, Social Security, Budget Locations: New York City

☆ 'Let chaos reign': AI inference costs are about to plummet
▼ + stars: | 2024-10-14 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +7 min

All kinds of startups are rushing into the AI inference market. AdvertisementJared Quincy Davis and his AI computing startup Foundry sell inference. And cost in inference computing is even more important than in training, Groq cofounder Jonathan Ross recently told BI. In other words, "it turns out, when you make inference cheaper, people decide to do a lot more inference," Davis said. He agrees the next few years will be wildly competitive for inference providers, but he believes the winners will be decided on merit.

Persons: —, Jared Quincy Davis, Davis, Jonathan Ross, Mitesh Agrawal, Agrawal, it's, Jensen Huang, Davis isn't, Intel Andy Grove, Sriram Viswanathan, Viswanathan, Hugh Langley Organizations: Service, Foundry, SambaNova Systems, Lambda, Nvidia, Microsoft, Business, o1, Intel, Celesta Capital

Springfield, Ohio CNN —It’s just past 4am. To lose them would be a blow to his business, he told CNN. They’re ready to give birth in probably the next couple hours, and they’ve never had a single prenatal visit,” Cook told CNN. Haitians sit down to eat their meal at a Haitian restaurant in Springfield, Ohio, on September 12, 2024. That’s tough,” Heck told CNN.

Persons: Springfield , Ohio CNN — It’s, Daniel Aula, he’s, Aula, wasn’t, “, ”, Donald Trump, Ohio Sen, JD Vance —, Trump, Vance, He’s, Ross McGregor, McGregor, ” McGregor, they’d, “ We’ve, Bryan Heck, Springfield Mayor Rob Rue, we’ve, Chris Cook, “ You’ve, they’ve, ” Cook, Cook, “ That’s, Biden, Sens, Sherrod, Ohio Brown, Tim Scott of, Tim Scott of South Carolina —, cc’d Vance, ” Heck, Rent, Rue, Rob Rue, Dominic Gwinn, Jaob Payen, Daniel Driscoll, I’ve, ” Andy Wilson, it’s, —, Mike DeWine, Kerry Lee Pedraza, Pedraza, ” Pedraza, Roberto Schmidt, Aula’s, Harris, Alejandro Mayorkas, Katie Kersh, Kersh, ” Kersh, Lebon, ” Lebon, Sassy ”, ’ ”, “ ’, Sen, JD Vance, Matthew Hatcher, ‘, Fran DeWine, Prince —, ” DeWine, DeWine, that’s, ’, Daniel Aula’s, ” Aula, ” “, CNN’s Catherine E, Shoichet, Kate Sullivan, Daniel Dale Organizations: Springfield , Ohio CNN, CNN, Biden, Nation, Springfield City, Springfield Mayor, Springfield, Infants, Children, City, Getty, US Navy, Republican, Ohio Department of Public, Patrol, Springfield Police, United, “ Haitian Coalition, AFP, United Nations Human Rights, UN, US, Homeland, TPS, “, Gov, Ohio Gov, Trump, Underground Railroad Locations: Springfield , Ohio, Haiti, Springfield, Ohio, November’s, Clark County, Pentaflex, Haitian, Tim Scott of South Carolina, ”, County, City, United States, Creole, Leesport , Pennsylvania, Port, DeWine, America, Germans, “, —

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