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☆ CNBC Daily Open: Everyone gave Reddit an upvote
▼ + stars: | 2024-10-30 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. It's not too surprising, then, that the companies behind those services – Snap , Reddit and Alphabet – reported third-quarter results that beat Wall Street's expectations. It's Meta's and Microsoft's turn to report earnings later today. Note: CNBC Daily Open will be on a break Thursday, Oct. 31, for the public holiday in Singapore.

Persons: Rachel Reeves, Reddit, Evan Spiegel, That's, It's, Microsoft isn't, Meta, — CNBC's Julia Boorstin, Jonathan Vanian, Jennifer Elias Organizations: New York Stock Exchange, Inc, CNBC, Finance, Google, Microsoft, Meta Locations: Singapore

☆ Saudi sovereign wealth fund announces $2 billion deal for new Brookfield Middle East platform
▼ + stars: | 2024-10-30 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Saudi Arabia's Public Investment Fund on Wednesday signed a memorandum of understanding with Brookfield Asset Management, under which the wealth fund will serve as a strategic anchor investor for the asset manager's newly announced private equity vehicle for the region, Brookfield Middle East Partners. Signed at the eighth edition of Future Investment Initiative, Saudi Arabia's flagship annual economic conference in Riyadh, the non-binding agreement marks the kingdom's latest push for financial partnerships that boost private equity investment and economic development within its borders. The move is in line with Saudi Arabia's recently-updated Investment Law, which seeks to attract more foreign direct investment — it's set itself a lofty target of $100 billion in annual FDI by 2030. Currently, that figure has averaged around $12 billion per year since Vision 2030 was announced in 2017, according to data from the kingdom's investment ministry — still a long way from that goal. The PIF, the kingdom's $925 billion sovereign wealth fund, has deployed billions in capital around the world as it aims to diversify Saudi Arabia's revenue streams away from oil, materializing the central goal of Crown Prince Mohammed bin Salman's Vision 2030 campaign.

Persons: —, Prince Mohammed bin Salman's, Yasir al Rumayyan, Bruce Flatt Organizations: Saudi, Public Investment Fund, Wednesday, Brookfield Asset Management, Brookfield Middle East Partners, Future Investment Initiative, Saudi Arabia's, Brookfield, Brookfield Academy Locations: Riyadh, Saudi Arabia, Saudi

☆ This company's vision for a smokeless world is driving the transformation of the global tobacco industry
▼ + stars: | 2024-10-30 | by ( Sponsored Reynolds American Inc. | ) www.businessinsider.com time to read: +3 min

The global British American Tobacco Group (BAT) is pursuing "A Better TomorrowTM by Building a Smokeless World" — and transforming their business and an entire industry. Reynolds American and BAT believe tobacco harm reduction (THR) could be one of the most significant advancements in public health. Reynolds American and BAT have created dynamic work environments and inclusive cultures, which have earned both organizations many external accolades. Sustainability is at the heart of the Reynolds American organization's transformation and is directly linked to its goals around THR. Reynolds American and BAT are optimistic that their investments focused on sustainable business transformation will drive positive momentum and progress the Building a Smokeless World mission.

Persons: Reynolds Organizations: American Tobacco Group, US, BAT, Reynolds, Reynolds American, BAT Group, Sustainability, Reynolds American Inc, Insider Studios, Reynolds Tobacco Company, Santa Fe Natural Tobacco Company, Inc, Snuff Company, Company, Modoral Brands Inc Locations: North Carolina, London, Santa Fe

☆ NFL Week 8 takeaways: Are the Lions Super Bowl favorites? Can the Rams make a late season surge? Are the Eagles back?
▼ + stars: | 2024-10-30 | by ( Ben Morse | ) edition.cnn.com time to read: +27 min

Jed Jacobsohn/AP Indianapolis Colts wide receiver Alec Pierce is tackled by Miami Dolphins linebacker Jordyn Brooks on October 20 in Indianapolis. Matthew Pearce/Icon Sportswire/Getty Images Green Bay Packers wide receiver Romeo Doubs dives for a touchdown in Green Bay, Wisconsin, on October 13. Samuel became the first wide receiver in NFL history with 20 touchdown receptions and 20 touchdown runs after scoring on a 76-yard touchdown catch. Ken Blaze/USA Today Sports/Reuters Washington Commanders running back Brian Robinson Jr. breaks a tackle from Tampa Bay Buccaneers linebacker K.J. David Banks/USA Today Sports/Reuters Rhamondre Stevenson of the New England Patriots runs the ball against Cincinnati Bengals defenders in Cincinnati on September 8.

Persons: Tua Tagovailoa, Carmen Mandato, Noah Brown, Mary, Peter Casey, Bo Nix, Morgan Engel, Chase Brown, Sydney Brown, Joseph Maiorana, Sam Darnold, Byron Young, Young, Tra Blake, Mark J, Terrill, Justin Herbert, Mack Wilson Sr, Michael Owens, Chris Conley, Trent McDuffie, Jed Jacobsohn, Alec Pierce, Jordyn Brooks, Andy Lyons, Brandon McManus, Morry Gash, Zach Ertz, Greg Fiume, DaVon Hamilton, Julian Finney, Riley Moss, Ladd McConkey, Ron Chenoy, Brian Branch, Matthew Pearce, Patrick McDermott, Pat Surtain, AAron Ontiveroz, C.J, Gardner, Johnson, David Njoku, Matt Rourke, Claudin, Kirk Cousins, Grant Halverson, Caleb Williams, Williams, Zac Goodwin, Deebo Samuel, Samuel, John Froschauer, Isaac Yiadom, Ji'Ayir Brown, DK Metcalf, Steven Bisig, Willie Gay Jr, Gay, Ed Zurga, Camryn Bynum, Steve Luciano, Keon Coleman, Eric Gay, Trevor Lawrence, David Rosenblum, Daniel Whelan, Gregory Bull, Trey Sermon, Nathan Ray Seebeck, Ka'imi Fairbairn, Deommodore Lenoir, Ezra Shaw, Cooper Neill, Aaron Rodgers, Rodgers, Jayden Daniels, Christian Petersen, Tremon Smith, Greg Zuerlein, Seth Wenig, Ja'Tavion Sanders, Germaine Pratt, Eric Murray, George Kittle, Darius Slayton, Eric Kendricks, Brad Penner, Reuters Damar Hamlin, Bryan M, Bennett, Calvin Austin III, Brandon Sloter, Johnny Mundt, Stephen Maturen, John Amis, Aaron Jones, Stacy Bengs, Dak Prescotts, Allen Lazard, Alex Austin, Darnell Mooney, Matt Slocum, Patrick Mahomes, Dax Hill, Jay Biggerstaff, Deebo Samuel Sr, Ivan Pace Jr, Abbie Parr, Alvin Kamara, Kamara, Tim Heitman, Tagovailoa, Jasen, Caroline Brehman, Shutterstock, Dak Prescott, Prescott, Ken Blaze, Brian Robinson Jr, K.J, Britt, Jaylen Waddle, Hill, Stephanie V, Daniels, Al Diaz, Justin Fields, Danny Karnik, Okonkwo, Tyrique Stevenson, David Banks, Reuters Rhamondre Stevenson, Jason Mowry, Andrew Van Ginkel, Vincent Carchietta, Rebecca Blackwell, Khalil Shakir, Justin Jones, Jordan Love, Brooke Sutton, São Paulo, South America Kirby Lee, Taylor Swift, Travis Kelce, Reed Hoffmann, Isaiah, Patrick Mahomes scrambles, Charlie Riedel, Dan Campbell, We’ve, Khalil Dorsey, Raymond, Jared Goff, Goff, Jahmyr Gibbs, David Montgomery –, Knuckles ”, –, Gibbs, Campbell, he’s, ” Campbell, that’s, Lon Horwedel, Aiden Hutchinson, ’, Cooper Kupp, Puka Nacua, – Jonah Jackson, Joe Noteboom, Steve Avila –, Sean McVay, Kupp, Harry, calvary, Nacua, Matthew Stafford, Kyren Williams, McVay, ”, “ We’ve, “, ” Nacua, Gary A, Vasquez, hasn’t, Nick Sirianni, Jalen, DeVonta Smith, Saquon Barkley, Vic Fangio, Cooper DeJean, Ja’Marr Chase, Smith, AJ Brown –, ” Sirianni, Carolyn Kaster Organizations: CNN, National Football League . Miami Dolphins, Arizona Cardinals, Hard, Sunday, Dolphins, Getty Images, Chicago Bears, USA, Sports, Reuters Denver Broncos, Broncos, Carolina Panthers, Getty Images Cincinnati Bengals, Philadelphia Eagles, Eagles, Reuters Minnesota Vikings, Los Angeles Rams, Rams, Los Angeles Chargers, Chargers, Getty, San Francisco 49ers, Kansas City Chiefs, AP Indianapolis Colts, Miami Dolphins, The Colts, Green Bay Packers, Houston Texans, Packers, AP Washington, Getty Images Jacksonville Jaguars, New England Patriots, Jaguars, Getty Images Denver Broncos, Reuters Detroit Lions, Dallas Cowboys, The Lions, Cowboys, Denver Post, Cleveland Browns, AP Carolina Panthers, Atlanta, Panthers, Getty Images Chicago Bears, Jacksonville Jaguars, Tottenham Hotspur, Seattle Seahawks, Reuters New, Reuters New Orleans Saints, Chiefs, Saints, AP Minnesota Vikings, New York Jets, Vikings, AP Buffalo Bills, Bills, AP Jacksonville Jaguars, Indianapolis Colts, Reuters Houston Texans, Buffalo Bills, AP San Francisco 49ers, Deommodore, Cardinals, 49ers, Las Vegas Raiders, Minnesota Vikings, Cincinnati Bengals, Bengals, Getty Images Houston Texans, Jacksonville, Texans, AP New York Giants, Giants, Reuters, Getty Images Pittsburgh Steelers, Steelers, Getty Images Minnesota Vikings, Tennessee Titans, AP Dallas Cowboys, Baltimore Ravens, The Jets, Reuters Atlanta Falcons, AP Kansas City Chiefs, Super Bowl, Reuters San Francisco 49ers, AP New Orleans Saints, Reuters Miami Dolphins, Reuters New York Jets, AP Los Angeles Chargers, Shutterstock Dallas Cowboys, NFL, Reuters Washington, Tampa Bay Buccaneers, Buccaneers, Dade Police, Miami Herald, Tribune, Service, Atlanta Falcons, Falcons, AP Tennessee Titans, Titans, Bears, Patriots, New York Giants, São Paulo, The Eagles, Neo, AP Baltimore Ravens, Arrowhead, Super, Detroit Lions, Lions, Detroit, NFC North, NFC, Los Angeles Rams Sunday Baltimore Ravens, Cleveland Browns Tennessee Titans, Detroit Lions Indianapolis Colts, Houston Texans Green Bay Packers, Jacksonville Jaguars Arizona Cardinals, Miami Dolphins New York Jets, New England Patriots Atlanta Falcons, Tampa Bay Buccaneers Philadelphia Eagles, Cincinnati Bengals New Orleans Saints, Los Angeles Chargers Buffalo Bills, Seattle Seahawks Chicago Bears, Washington Commanders Carolina Panthers, Denver Broncos Kansas City Chiefs, Las Vegas Raiders Dallas Cowboys, Pittsburgh Steelers Locations: Miami, Landover , Maryland, Denver, Cincinnati, Inglewood , California, Glendale , Arizona, Santa Clara , California, Indianapolis, Green Bay , Wisconsin, London, Arlington , Texas, Philadelphia, Charlotte , North Carolina, Seattle, Reuters New Orleans, Kansas City , Missouri, Houston, Jacksonville , Florida, East Rutherford , New Jersey, Orchard Park , New York, Pittsburgh, Minneapolis, Nashville, Miami Gardens , Florida, Cleveland, Tampa , Florida, Atlanta, Chicago, São, South America, Detroit, “, Philly, Philadelphia’s

☆ A traveler who's been to 35 national parks shares her top 5 for fall leaf-peeping
▼ + stars: | 2024-10-28 | by ( Priyanka Rajput | ) www.businessinsider.com time to read: +2 min

Alexandra Blodgett has been to 35 national parks in the US. She prefers parks with stunning views and epic hikes but also loves leaf-peeping in the fall. She thinks North Cascades National Park in Washington is an underrated fall foliage site. Visiting national parks to see the season's colors, or "leaf peep," is a popular pastime and gives a major boost to some states' economies. Here are her five favorite national parks to visit in fall.

Persons: Alexandra Blodgett, —, We're, She's, Blodgett Organizations: Service, Appalachian State University Locations: Washington

☆ Using options to trade two cosmetics competitors with a lot on the line this month
▼ + stars: | 2024-10-28 | by ( Michael Khouw | ) www.cnbc.com time to read: +6 min

Beauty and Estée Lauder are well-known companies in the beauty and cosmetics industry. Their customers generally have higher disposable incomes, as Estée Lauder is a luxury brand emphasizing premium, high-quality ingredients. Estée Lauder combines a traditional retail model with a growing e-commerce presence. Estee Lauder has fallen roughly 45% over the past seven months. ELF EL YTD mountain Estee Lauder vs. elf Beauty, YTD e.l.f.

Persons: Estée Lauder, Gen X, Nordstrom, Estee Lauder, Trump Organizations: Target, Walmart, Presidential, CNBC, NBC UNIVERSAL Locations: U.S, North America, United States, Asia, Europe, Americas, China, Estee

☆ Things aren't looking great at Gucci, and Kering says its Asia Pacific slump is to blame
▼ + stars: | 2024-10-24 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Gucci had a challenging third quarter partly due to its Asia Pacific slump, per Kering's latest earnings call. AdvertisementGucci just had a bad quarter, and Kering is attributing the lackluster performance to a slump in its Asia Pacific market. According to a third-quarter revenue infographic by Kering, sales in the Asia Pacific region were down 38% compared to the previous year. According to Kering, Gucci saw a 7% increase in sales in Japan in the third quarter compared to the start of 2024. AdvertisementApart from Gucci, Kering's other brand, Yves Saint Laurent, also suffered a loss.

Persons: Gucci, It's, —, Henri Pinault, James Grzinic, LVMH, Kering, Amrita Banta, Yves Saint Laurent, Stefano Cantino, Cantino Organizations: Service, Gucci, RBC, Reuters, mojo, Jefferies, Research, Strategy, Business Insider Locations: Asia, China, Asia Pacific, Japan, Europe

☆ I've been going to the gym regularly for 25 years and still don't look like a fitness model. I'm learning to be OK with that.
▼ + stars: | 2024-10-24 | by ( Joe Harless | ) www.businessinsider.com time to read: +4 min

Now that I'm older, I'm learning to accept my body. But after 25 years of regular gym time, I'm finally OK with not looking like an Adonis. My primary health goal was to look good naked. Unfortunately, I learned the hard way that "look good naked" can translate to "voluntary starvation." So, while I've never managed to look like a fitness model, I now realize that I still look pretty good for my age.

Persons: —, I've, I'm, Adonis, Arnold Schwarzenegger, Hulk Hogan, Schwarzenegger Organizations: Service, Marvel Locations: 5ks

☆ Boeing had a tough 24 hours, but with CEO Kelly Ortberg's turnaround plan, analysts remain hopeful
▼ + stars: | 2024-10-24 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

CEO Kelly Ortberg has vowed to turn around the company and laid out a four-point plan. CEO Kelly Ortberg vowed to "return Boeing to its former legacy" and said the company would focus on changing its culture. However, restoring the traditional defined-benefit pension plan — replaced with a 401(k) in 2014 negotiations — has been a key issue for many on the picket lines. Bank of America analysts estimated that restoring this pension plan would cost up to $400 million annually. Boeing's production has been limited as it faces supply-chain constraints and renewed scrutiny from regulators in the wake of January's Alaska Airlines blowout.

Persons: Kelly Ortberg, —, Manuel Valdes, William Blair, Peter McNally, China's, McNally, Morningstar's Nicolas Owens, Ortberg Organizations: Boeing, Service, CNBC, Wall Street, Labor, Seattle Times, Bank of America, Anderson Economic Group, AP, Alaska Airlines, Airbus Locations: Seattle, Pacific Northwest

☆ As some companies scale back on DEI, others double down on their efforts
▼ + stars: | 2024-10-23 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +8 min

Meanwhile, companies like Harley-Davidson, Molson Coors, Lowe's, and John Deere have scaled back or dropped their DEI programs. But amid the backlash, some organizations are refining their DEI strategies, focusing on belonging, inclusion, and fair pay alongside other diversity metrics. Companies like Ancestry, Mitre, and HLW are using data to evaluate employee experiences while addressing equity through cultural programs, training, and compensation reviews. "We're seeing more reframing of DEI efforts and a stronger emphasis on systematically linking DEI to a business case." Bussing said companies that shy away from DEI initiatives may find themselves at a disadvantage.

Persons: Elon Musk, Molson, John Deere, Maryam Kouchaki, Kouchaki, George Floyd's, Shane Koller, " Koller, Heba Mahmoud, Mahmoud, Anjali Mathai, Mathai, Heather Bussing, Bussing Organizations: Harley, Davidson, Molson Coors, Lowe's, Partners, Academy of Management, Kellogg School of Management, Northwestern University, Research, America, Mitre Locations: Mitre, HLW, HLW's

☆ IBM stock slips on disappointing consulting and infrastructure revenue
▼ + stars: | 2024-10-23 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

In the third quarter, IBM generated $6.52 billion in revenue from software. Revenue from Red Hat, a 2019 acquisition, grew 14%, compared with 7% in the second quarter. The company's infrastructure segment had $3.04 billion in revenue, down 7% and beneath StreetAccount's $3.24 billion consensus. IBM now has a generative artificial intelligence book of business exceeding $3 billion, up more than $1 billion in the second quarter. During the quarter, IBM said it would expand its network of Oracle product consultants and buy Oracle services company Accelalpha.

Persons: Jim Kavanaugh, Arvind Krishna, Kavanaugh, CNBC's Seema Mody, Mody, Krishna Organizations: IBM, Prudential, Revenue, StreetAccount, Red, Software, Oracle, Palo Alto Networks, Software AG Locations: StreetAccount .

☆ National Geographic reveals its top destinations for 2025
▼ + stars: | 2024-10-22 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +5 min

CNN —The hottest revival trend in travel for 2025? That would be “fun,” according to National Geographic editor-in-chief Nathan Lump, who spoke exclusively to CNN ahead of the Tuesday reveal of Best of the World 2025, the brand’s annual list of the most thrilling and purposeful travel experiences for the year ahead. Cork has “always been a fun city with a vibrant culture … and an incredibly warm local population,” says Lump. Big-hitters with new attractionsThere are also some destinations on the list that are never short of a visitor or two, such as Bangkok and Los Angeles. In the Thai capital, National Geographic is highlighting the ongoing restoration work at Wat Chaiwatthanaram, a 17th-century Buddhist temple and one of the country’s most important monuments.

Persons: Nathan, ”, That’s, It’s, “ Oppenheimer, Cillian Murphy, George Lucas, “, “ we’ve, it’s, Kanazawa Organizations: CNN, National Geographic, Teatro, Basque Block, Geographic, Wat, Lucas Museum, “ Star, Oriental Express, Malaysia, Malayan Locations: Guadalajara, Mexico, Boise , Idaho, Basque, United States, Cork, Bangkok, Los Angeles, Thai, Wat Chaiwatthanaram, “, …, Crenshaw, Exposition, British Columbia, Guatemala, India, Antigua, Ladakh, Greenland, North America, Japan, Kanazawa, Kyoto, Florida, Sweden, Tunisia, Indonesia

☆ 'Flexible co-living' could help bring down office-conversion costs and add housing supply, new study says
▼ + stars: | 2024-10-22 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +5 min

A study finds that dorm-style housing could be an efficient path to convert vacant office space. The study comes as office vacancies rise and housing supply remains constrained. The report comes as companies reevaluate their need for office space in the wake of the COVID-19 pandemic. The national office vacancy rate is set to rise to around 20% by the end of this year, according to commercial real estate firm CBRE. The report comes as the number of office spaces set for residential conversions is on the rise, up to 55,000 this year.

Persons: —, Wes LeBlanc, Alex Horowitz Organizations: Service, Pew Locations: Denver, Minneapolis, Seattle

☆ How Liz Cheney tried to give GOP women permission to vote for Harris
▼ + stars: | 2024-10-22 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

CNN —Republican women can vote for Kamala Harris — and they don’t need to tell anyone about it. Such voters need to be approached gently since she’s asking dissident Republican voters to shelve some of their most cherished political positions. Cheney’s appearances with Harris came as the vice president seeks to further widen a massive gender gap with the ex-president among women voters. A New York Times/Siena College poll this month showed Harris leading women voters by 56% to 40% over Trump. Trump’s struggles with women votersHarris’ events with Cheney raised the question of just how many Republican voters might be in reach for her.

Persons: Kamala Harris —, Liz Cheney’s, Donald Trump, Roe, Wade, aren’t, Harris, Cheney, ” Cheney, “, she’s, Haley The Harris, Bush, Reagan, Dick Cheney, Nikki Haley, Trump, I’m, ” Cheney –, –, – it’s, He’s, He’s overbearingly, ”, Haley “, Sarah Huckabee Sanders, Arnold Palmer’s, ’, Kristen Soltis Anderson, Kasie Hunt, “ Dick Cheney, ” Trump Organizations: CNN, Republican, Democratic, Trump, GOP, South Carolina Gov, New York Times, Siena, White, South, White House, Republicans, Truth Locations: Waukesha County, Milwaukee, Pennsylvania, Michigan, Detroit, Wyoming, Chester County , Pennsylvania, Philadelphia, Texas, Alabama, South Carolina, Arkansas, Iraq

☆ Marc Benioff says Microsoft rebranding Copilot as AI 'agents' shows they're in 'panic mode'
▼ + stars: | 2024-10-21 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Benioff said Microsoft Copilot was inaccurate and compared it to "Clippy 2.0." Salesforce recently announced a pivot to Agentforce, its own product that inlcudes custom AI agents. Benioff's post comes over a month after Salesforce announced its own pivot to AI agents through Agentforce. Advertisement"This is the next big transformation," Benioff told Fortune in September, referring to AI agents. In his X post critiquing Microsoft Copilot, the Salesforce CEO said Agentforce, in contrast, was "what AI was meant to be."

Persons: Marc Benioff, Benioff, Microsoft Copilot, Salesforce, —, Copilot, Fortune, Agentforce Organizations: Microsoft, it's, Service, Monday, Business, McKinsey, Thomson Reuters

☆ AI and robots take center stage at ‘world’s largest tech event’
▼ + stars: | 2024-10-21 | by ( Yara Enany | ) edition.cnn.com time to read: +3 min

CNN —A year after Collins Dictionary named “AI” its word of the year, the buzz around artificial intelligence is only getting louder. AI and robotics were the big themes at Gitex Global, which bills itself as the world’s largest tech event and ran Monday to Friday last week at Dubai’s World Trade Centre. “I think what (was) very exciting this year (was) the focus on AI and deep tech,” said Trixie LohMirmand, executive vice president of Dubai World Trade Centre and CEO at KAOUN International, which organizes the event. Several companies launched new products at this year’s show, including Dubai-based deep tech company Xpanceo, which debuted the new prototypes of its smart contact lenses. A prototype of an Xpanceo contact lens at Dubai's Gitex.

Persons: ”, Trixie LohMirmand, Patrick Dennis, hasn’t, Gitex, “ Organizations: CNN, Collins, Trade, Dubai World Trade Centre, KAOUN, Avaya, Gulf Computer, United Arab Locations: Dubai, United Arab Emirates, Germany, Singapore, Morocco, South Korea, Nigeria

☆ Prabowo takes up Indonesian presidency, vows to tackle corruption, other issues
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: +1 min

Presidential candidate Prabowo Subianto, waves to photographers as he leaves after attending a dialog held by country's anti-graft agency Corruption Eradication Commission (KPK) at its headquarters in Jakarta, Indonesia, January 17, 2024. Indonesia's Prabowo Subianto on Sunday took over as president of the world's third-largest democracy, vowing to combat internal issues such as corruption that plague the country and to make it more self-sufficient. Prabowo, who unsuccessfully ran for the presidency twice before, said in a fiery speech to lawmakers he would be president for all Indonesians and challenged the nation to help him face down the country's problems. "We must always realize that a free nation is where the people are free," Prabowo said, at times raising his voice. In a wide-ranging speech lasting about an hour, Prabowo said self-sufficiency for food was possible within five years, while also pledging to become self-sufficient in energy.

Persons: Prabowo, Indonesia's Organizations: country's, Sunday Locations: Jakarta, Indonesia, Indonesia's

☆ Stocks making the biggest moves midday: Boeing, UPS, Cigna, Warby Parker and more
▼ + stars: | 2024-10-21 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Boeing — The stock climbed 3%. Cigna — The insurer's stock slid more than 4% after Bloomberg reported, citing people familiar with the matter, that Cigna has reignited merger discussions with Humana. AppLovin — The application technology stock jumped 8% on the back of a major price target hike from Bank of America. Atlantic Union Bankshares — The holding company for Atlantic Union Bank pulled back more than 5% after third-quarter net interest income missed analysts' estimates. Atlantic Union reported net interest income of $186.8 million, while analysts polled by FactSet were looking for $195.0 million.

Persons: Warby Parker, Goldman Sachs, Cigna, AppLovin, Bernstein, FactSet, Johnson, —, Samantha Subin, Michelle Fox, Alex Harring, Sean Conlon Organizations: Boeing, Bloomberg, Humana, United Parcel Service, Barclays, Bank of America, Southwest Airlines —, CNBC, Elliott Investment Management, ASML Holdings, Atlantic, Atlantic Union Bank, Atlantic Union, Johnson Locations: Bank

☆ I admitted my teen to a psychiatric ward. With time apart, I realized I also needed to take care of myself.
▼ + stars: | 2024-10-21 | by ( Brittany Miles | ) www.businessinsider.com time to read: +5 min

She was admitted, and I realized I also needed to take care of myself. AdvertisementIn November 2023, after many false starts, my schizophrenic daughter and I made our way to Seattle Children's Hospital. AdvertisementA month later, she was admitted to the hospitalIn December, she had a delusion the police were arresting her. There were emails to write and texts to send, but I didn't care. I didn't have to cook every night; my daughter, at 16, could take it on at least one night a week.

Persons: —, Weeks, It's, We've, I've, wouldn't, she'd, Lyft, you've, I'm Organizations: Service, Seattle Children's Hospital Locations: Seattle

☆ Ex-general Prabowo, once accused of rights abuses, takes up presidency of world’s third-largest democracy
▼ + stars: | 2024-10-20 | by ( ) edition.cnn.com time to read: +5 min

Jakarta Reuters —Indonesia’s Prabowo Subianto on Sunday took over as president of the world’s third-largest democracy, vowing to combat internal issues such as corruption that plague the country and to make it more self-sufficient. “We must always realise that a free nation is where the people are free,” Prabowo said, at times raising his voice. Newly-inaugurated Indonesian President Prabowo Subianto greets supporters after being sworn in as the country's eighth president in Jakarta on Oct. 20, 2024. Flower boards outside the palace either congratulated Prabowo and Gibran or thanked Jokowi for his decade of service. Jokowi supporters are also attending the celebrations to bid farewell to Indonesia’s outgoing leader.

Persons: Prabowo, ” Prabowo, “, ”, Gibran Rakabuming Raka, Joko “, Widodo, Sugiono, Prabowo Subianto, Dita Alangkara, Gibran, Jokowi, Anneta, “ Prabowo, Critics, Han Zheng, Linda Thomas, Joko Widodo, Achmad Ibrahim, Suharto Organizations: Jakarta Reuters —, Sunday, US Locations: Jakarta, Indonesia’s, Indonesian, China, United States, Greenfield, Indonesia's, Indonesia, Gaza, Papua, East Timor

Trump was shot in the ear, one rallygoer was killed and two others were wounded before a Secret Service countersniper shot and killed the 20-year-old gunman. “We’ll continue to work with the department to look at those recommendations that are actionable and feasible to make changes in the Secret Service,” he said. He told NBC News that applications to join the Secret Service were up, with 400 people currently in various stages of training. Earlier this week, the two men who were wounded by the gunfire at the July rally told NBC News that the Secret Service failed them that day. A Secret Service agent spotted him and opened fire before Routh, 58, had Trump in his sights.

Persons: Donald Trump, Ronald Rowe Jr, Lester Holt, ” Rowe, ”, Trump, rallygoer, Rowe, “ We’ll, Kimberly Cheatle, skewered, Joe Raedle, David Dutch, “, Ryan Wesley Routh, Routh, ” “ Organizations: Secret Service, NBC News, Secret, NBC, Service, Officials, Trump Locations: Butler , Pennsylvania, West Palm Beach, Fla, West Palm Beach , Florida

☆ Asian American evangelicals’ theology is conservative. But that doesn’t mean they vote that way.
▼ + stars: | 2024-10-17 | by ( The Associated Press | ) www.nbcnews.com time to read: +9 min

Asian American evangelicals are a diverse, evolving group of voters increasingly seeking to distinguish themselves from their white counterparts. According to a 2023 Pew Research Center survey, about a third of Asian American adults identify as Christian. “The Asian American Christian’s identity is the convergence of cultural experience, historical background and core theological transformation,” Kim said. “I do hope and pray Asian American Christians take their civic responsibility seriously,” he said. The origins of Asian American churches influenced their evolution, said Jerry Park, associate professor of sociology at Baylor University in Waco, Texas.

Persons: Wayne Lee, Donald Trump, “ We’re, ”, Pastor Wayne Lee, Matt Slocum, Lee, ’, Jane Hong, Walter Kim, ” Kim, Owen Lee, “, ” Lee, that’s, ” Pastor Owen Lee, John McDonnell, don’t, Raymond Chang, ” James Cho, Cho, Joe Biden, Harris, GOP Cho, Jerry Park Organizations: American, Christian Church and Center, Pastors, Republican Party, Pew Research Center, Occidental College, “, National Association of Evangelicals, Christ Central Presbyterian Church, Korean American, AP, American Christian, GOP, Trump, Baylor University Locations: Chinatown, Pennsylvania, Philadelphia, Los Angeles, Centreville , Virginia, Centreville , Va, America, Orange County , California, Springfield , Ohio, U.S, Waco , Texas

☆ Harris clashes with Fox as she tries to peel away some GOP voters
▼ + stars: | 2024-10-17 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

In the end, on Wednesday, both Harris and Fox News probably got what they wanted. But before the interview, Harris spokesman Ian Sams explained her thinking. If only a few thousand Fox viewers or traditional conservatives swapped sides, it could push some swing states in the vice president’s direction. Still, the risk for Harris is that her display in her first formal Fox interview could alienate some of those voters. It’s taken her several months to arrive at the assurance that she’d strike a strong contrast with Biden’s administration, which she unveiled in the Fox interview.

Persons: CNN — Kamala Harris didn’t, Donald Trump —, heatedly, Bret Baier, Harris, Baier, she’s, “, ” Harris, Trump, Joe Biden’s, ” Fox, Harris ’, “ Kamala, Fox, Donald Jr, Eric, Stephen Miller, Ian Sams, Kamala Harris, Ryan Collerd, Nikki Haley, —, ” She’s, Biden, they’re, Donald Trump, Alex Brandon, Sen, JD Vance, “ I’ve, ” Trump, –, ”, he’s, It’s, parry Organizations: CNN, Fox News, Trump, Republicans, Fox, Keystone State, Republican, Getty, GOP, South Carolina Gov, Ohio Republican Locations: Pennsylvania, ”, United States, Washington, Washington Crossing , Pennsylvania, AFP, Bucks County, Philadelphia, Ohio, Univision, Doral , Florida

☆ A bottom-up approach to AI adoption can drive innovation and inclusion, a Cisco EVP says
▼ + stars: | 2024-10-17 | by ( Jean Paik | ) www.businessinsider.com time to read: +8 min

Katsoudas says AI adoption should start on the day-to-day level and be focused on skills training. What AI transformations are taking place at Cisco and among your workforce? From a technology perspective, at Cisco there have always been three different motions that are going on. As leaders, we're going to have a level of workforce planning insights that we've never had before because AI is going to help us with this. In technology roles, it was kind of easy because you could just send out a quick coding exercise and understand who had the capabilities.

Persons: Francine Katsoudas, —, Katsoudas, Microsoft —, It's, we've Organizations: Service, Cisco —, Google, Intel, Microsoft, Cisco

☆ Citi's regulatory nightmare still haunts CEO Jane Fraser
▼ + stars: | 2024-10-15 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Citi CEO Jane Fraser denied the prospect of an asset cap after being pressed by two analysts. CFO Mark Mason said Citi is reevaluating its budget and strategy to fix regulatory problems quicker. AdvertisementCiti topped Wall Street expectations this quarter, but CEO Jane Fraser was dogged by questions regarding the bank's regulatory fate. Fraser was asked three times for reassurances that Citi did not and would not have an asset cap before answering the question. "We do not have an asset cap and there are no additional measures other than what was announced in July in place and not expecting any."

Persons: Sen, Elizabeth Warren, Jane Fraser, Mark Mason, —, Fraser, Vivek Juneja, Warren's, Anand Selva, Wells, Mike Mayo —, I'm, Mayo, Mason, Tim Ryan Organizations: Citi, Service, OCC, Federal Reserve Locations: Selva

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