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Republicans stand a good chance of erasing the Democrats’ narrow 51-49 Senate majority in November, a hard reality that complicates Harris' transition planning. Members of Harris’ transition team have studied that one — the handoff from Ronald Reagan to George H.W. Harris' team is operating under an unusually compressed timeline and is still building the basic apparatus needed to vet potential hires and staff an administration. Last month, Harris' campaign appointed Yohannes Abraham to run the team that is preparing for a transfer of power. He came to his new role with direct experience, having been executive director of Biden’s transition in 2020.
Persons: WASHINGTON, Kamala Harris, Harris, who’ve, Joe Biden, Biden, undercutting, , Barack Obama, Robert Gates, George W, Bush's, Gates, , It’s, Ronald Reagan, George H.W, George H.W . Bush, They've, Hillary Clinton, Obama, Donald Trump, Yohannes Abraham, Abraham, Trump, , she’s, Max Stier, There’s, Christine Wormuth, Kathleen Hicks, Michèle Flournoy, Rosa Brooks, ” Brooks, ” Harris, William Burns, Burns, who've, he's, Rohini Kosoglu, Harris ’, Julianne Smith, Phil Gordon, Sens, Chris Murphy, Chris Coons, Linda Thomas, Greenfield, Samantha Power, Walz, Pete Buttigieg, Buttigieg, it’s “, Gina Raimondo, Joe ”, ” Raimondo, Raimondo Organizations: Republican, Biden, Senate, NBC, Trump, Pentagon, Democratic, Senate Democrats, Republicans, University of Virginia's, Association of Southeast Asian Nations, ASEAN, Partnership for Public Service, Army, CIA, White House, NATO, United Nations, U.S . Agency for International Development, Transportation, Biden's Cabinet, Fox News Locations: Washington, George H.W ., U.S, Indonesia, Connecticut, Delaware, United, Biden's
I wanted to taste a descendant of those ancient peppers, Peru’s native ají amarillo. Now it was time to learn how this distillation of ají amarillo manifested in local dishes. I felt as if this might be the closest I’d yet come to really tasting ají amarillo, its frank optimism, its essence as a fruit. The ají amarillo sauce was frozen into a shimmery yellow dust that turned to leche de tigre on the plate. Then came the soup, made of ají amarillo gone long on the stove with fish stock and fermented corn.
Persons: We’ve, chiles, jolokias, Chiles, amarillo, Lomo, Nicholas Gill, ceviche, Papacho, Rocio Cuba, Pisco Sours, midthrash, couldn’t, Maido, Mitsuharu Tsumura, Tsumura, leche, Ligaya, Luisa Dörr Organizations: chiles, Chorrillos, T Magazine Locations: Peru, Scotch, habaneros, Trinidad, South America, Andes, amarillo, Lima, Spanish, ají, leche, tigre, leche de tigre, La, jaladito, Brazilian, Bahia
Gold lingers near record highs, Powell's speech eyed for rate cues
  + stars: | 2024-09-26 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices were steady on Thursday, hovering close to record highs, on expectations of another big U.S. rate cut this year, although gains were limited ahead of remarks by key Federal Reserve policymakers later in the day. Gold prices were steady on Thursday, hovering close to record highs, on expectations of another big U.S. rate cut this year, although gains were limited ahead of remarks by key Federal Reserve policymakers later in the day. Bullion has risen nearly 29% so far in 2024 and hit record highs several times this year, largely fueled by monetary policy easing by major global banks and geopolitical concerns. Last Wednesday, the Fed delivered a 50-basis-point rate cut, with traders seeing a 62% chance of an additional half-percentage-point reduction in November, according to the CME FedWatch Tool. Additionally, U.S. jobless claims data on Thursday and the core personal consumption expenditure index — the Fed's preferred inflation — on Friday, will be eyed for further rate cues.
Persons: Tim Waterer, Bullion, Jerome Powell, John Williams, Michael Barr, Nicholas Frappell Organizations: U.S ., KCM, Fed, New York Fed, ABC Refinery Locations: .
HOUSTON — A former Houston police officer was convicted Wednesday of murder in the deaths of a couple during a 2019 drug raid that revealed systemic corruption problems within the police department’s narcotics unit. A jury found Gerald Goines guilty of two counts of murder in the January 2019 deaths of Dennis Tuttle, 59, and his 58-year-old wife Rhogena Nicholas. Goines looked down and did not visibly react as the verdict was read in a Houston courtroom. Goines’ attorneys argued during the trial that the first to fire at another person was Tuttle and not police officers. The probe into the drug raid also uncovered allegations of systemic corruption.
Persons: HOUSTON, Gerald Goines, Dennis Tuttle, Rhogena Nicholas, Goines, , Dennis, Keaton Forcht, Nicole DeBorde, Jeff Wolf, Wolf, Nicholas, Tuttle, George Floyd, Floyd Organizations: Houston, Prosecutors, Texas, Goines Locations: Houston, Texas, Federal
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A national interest rate cap requires CongressUnder current federal law, nationwide limits on credit card interest rates are scarce, consumer advocates say. Likewise, federal credit unions are typically restricted to an 18% interest rate on their credit cards. “A president cannot set a cap on credit card interest rates,” said Rust. A 10% interest rate cap could backfireFinancial experts on both sides of the debate expressed concerns that a 10% interest rate cap could backfire on consumers in various ways. “Otherwise, it is a game of whack-a-mole.”In 2022, credit card issuers charged $14 billion in late fees, he noted.
Persons: Donald Trump, Trump, , Kamala Harris, It’s, Trump’s, Ted Rossman, ” Rossman, Karoline Leavitt, ” Harris hasn’t, Biden, Adam Rust, Rust, , ” Rust, Lauren Saunders, Nicholas Anthony, they’re, ” Anthony, Rossman, Saunders, “ Banks Organizations: Social Security, Republican, Democratic, Federal, Bankrate, CNBC, Consumer Financial, Consumer Federation of America, Bank Act, Consumer Financial Protection Bureau, Consumer Financial Protection, National Consumer Law, Cato Institute’s Center, Monetary, Bureau, U.S . Chamber of Commerce Locations: New York, South Dakota, Delaware, Utah, U.S, Bankrate
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCLSA: "Abe reboot" likely to pick up most votes in Japan's ruling party leadership raceNicholas Smith of CLSA expects Sanae Takaichi, who he describes as a "reboot" of former Japanese prime minister Shinzo Abe, to increase fiscal spending that will provide a long-term boost to the economy.
Persons: Abe, Nicholas Smith, CLSA, Sanae Takaichi, Shinzo Abe Locations: Japan's
The international poverty line, which the U.N. uses to measure global poverty, is very low. The international poverty line is valuable because it has succeeded in drawing the world’s attention to the extreme poverty of the world’s very poorest people. But to end poverty in all its forms everywhere, studying this poverty line alone is not enough. One way to see whether this higher poverty line is reasonable is to check whether it aligns with established national poverty assessments. For this, we need an appropriately ambitious poverty line that receives the same attention as the low international poverty line.
Persons: Michail Moatsos, , Lant Pritchett, Lyndon Johnson Organizations: The New York Times, Getty Images, United Nations General Assembly, Democratic, Bank, World Bank Locations: adulthood.Today, New York City, Mozambique, Democratic Republic of Congo, , Bolivia, Nigeria, India, United States, Denmark, Switzerland, Netherlands, Norway
Nicholas Sparks’s sprawling home in New Bern, N.C., didn’t always look like a museum. For close to 10 years, the three-story, riverfront house was overrun with the author’s five children, who threw footballs in the living room and completed their homework at the now fully dressed dining room table custom-built for 10. “It was an active, busy household for a long time,” Mr. Sparks said. “At one point, there were four dogs and about 13 people living here — myself, my now ex-wife, our five children, an exchange student, and friends.”
Persons: Nicholas Sparks’s, didn’t, ” Mr, Sparks, , Locations: New Bern, N.C
Cabinet secretaries came and went in a Trump administration marked by head-spinning turnover. McMaster and John Kelly, all of whom were generals before they took high-ranking positions in the Trump administration. Another post that would loom large in a Trump administration is that of secretary of homeland security. Advisers to Trump’s transition include his sons Donald Trump Jr. and Eric Trump. Trump’s transition team is assembling small teams of people who would help shepherd nominees through to Senate confirmation.
Persons: Donald Trump, Trump, , Hillary Clinton, Chris Christie, They've, , Max Stier, it’s, ” Stier, Kamala Harris, Harris, , ” Sen, Mitt Romney, ” Romney, James Mattis, John Kelly, Romney, won’t, William Barr, Jeff Sessions, Mark Esper, Marc Short, Mike Pence, Sen, Lindsey Graham, ” Graham, Marco Rubio, Bill Hagerty of, Robert O’Brien, Mike Lee, Ken Paxton, — I’m, Dick Durbin, Tom Cotton, Mike Waltz, Mike Pompeo, Thomas Homan, Homan, ” Homan, “ Trump, Howard Lutnick, Cantor Fitzgerald, Linda McMahon, Lutnick’s, McMahon, Lutnick, Donald Trump Jr, Eric Trump ., Robert F, Kennedy Jr, Tulsi Gabbard, Doug Hoelscher, Hoelscher, Lisa Murkowski, Susan Collins of, Luther Strange, Strange, Roy Moore, Moore, Doug Jones, hadn’t, , President Trump, that’s, Stier Organizations: WASHINGTON, White, Former New Jersey Gov, Trump, Public Service, Democratic, H.R, McMaster, Senate, Trump White House, Republican Sens, White House, Harris, Committee, CIA, Customs, Republican National Convention, Small Business Administration, Trump’s, America, Office, Intergovernmental Affairs, Republican, Alabama, Democrat, Brookings, Capitol Locations: Washington, R, Utah, Marco Rubio of Florida, Bill Hagerty of Tennessee, Texas, Milwaukee, Hawaii, Alaska, Susan Collins of Maine, Alabama
Read preview"Monsters: The Lyle and Erik Menendez Story," the latest buzzy true crime drama series from Netflix, tells the story of two brothers who killed their parents in 1989. José Menendez likely didn't see who killed himJosé Menendez, and Javier Bardem in "Monsters: The Lyle and Erik Menendez Story." AdvertisementThere's no evidence the brothers had an incestuous relationshipCooper Koch as Erik Menendez and Nicholas Chavez as Lyle Menendez. The scene then shows Kitty Menendez walking in on Erik and Lyle Menendez kissing in the shower. Erik Menendez has said he isn't gayErik Menendez in Los Angeles in 1994.
Persons: , Lyle, Erik Menendez, José Menendez, Mary Louise, Kitty, Menendez, Ryan Murphy, Jeffrey Dahmer, J, Simpson, Javier Bardem, Kitty Menendez, Erik, Cooper Koch, Nicholas Chavez, José, didn't, Eric Menendez, Ronald L, Lyle Menendez, Dominick Dunne, Nathan Lane, Dunne, Ted Soqui, Tammi Menendez Organizations: Service, Netflix, Business, Los Angeles Times, Getty, ABC News, ABC Locations: Los Angeles, Beverly Hills
The trip is set to be her first visit to the southern border since President Biden dropped out of the race. Ms. Harris may give remarks about border issues during the visit, according to the people, who insisted on anonymity to discuss a trip that has not yet been made public. The people said final details about exactly where Ms. Harris would visit or what else she might do on the trip have not been decided. Mr. Trump and Republicans have blamed Ms. Harris for the large numbers of migrants crossing into the United States from Mexico over the past several years. Early in his administration, Mr. Biden made Ms. Harris responsible for addressing the root causes of migration from Latin America.
Persons: Kamala Harris, Donald J, Biden, Harris, Trump Locations: U.S, Mexico, Arizona, United States, America
Read previewIsrael may have pushed Hezbollah into a dangerous corner, and fears are now growing that the pair are on the brink of an all-out war. AdvertisementOn Monday, the Israel Defense Forces (IDF) warned civilians in Lebanon to stay away from potential Hezbollah targets for their "own safety." "Whatever Israel intends by this string of attacks on Hezbollah, this is not what de-escalation looks like," he said. "Under the circumstances, the region would appear to be on the brink of all-out war in Lebanon," he added. The "dual communications device attacks pushed Hezbollah into a corner," analysts from The Atlantic Council said last week.
Persons: , Naim Qassem, Israel, it'd, Filippo Dionigi, Nicholas Blanford, Eugene Rogan, Rogan, Biden, Jeanine Hennis Organizations: Service, Israel, Business, Hezbollah's, Israel Defense Forces, Relations, University of Bristol, Wall Street Journal, University of Oxford, BI Israel, The Atlantic Council, UN Locations: Lebanon, Israel, Iran, Haifa
he continued, adding that it was "insane that we would support a military alliance if that military alliance isn't going to be pro-free speech." Breton addressed the letter to Musk ahead of the X owner's much-publicized interview with Trump, warning him against amplifying "harmful content." AdvertisementIn February, the former president even suggested that the US could let Russia attack non-paying NATO countries, much to the White House's ire. Related storiesAccording to NATO estimates, Poland is set to be the biggest NATO spender in 2024, allocating 4.12% of its GDP. For its part, NATO has acknowledged that there's been a historic imbalance between US military spending and that of non-US allies.
Persons: , JD Vance, Elon Musk's X, Vance, Shawn Ryan Show, Donald Trump's, Musk, platformed Trump, Elon, Donald Trump, Thierry Breton, Breton, NICHOLAS KAMM, Trump, NATO spender, there's Organizations: Service, NATO, European Union, EU, Business, Trump, EU Commission, EU's Digital, DSA, European Commission, White, Getty Images, Alliance Locations: Russia, Canada, Spain, Poland, Estonia, United States
Men have been steadily dropping out of the workforce, especially men ages 25 to 54, who are considered to be in their prime working years. According to the U.S. Bureau of Labor Statistics, the unemployment rate for prime-age working men was 3.4% in August 2024. But about 10.5% of men in their prime working years, or roughly 6.8 million men nationwide, are neither working nor looking for employment, compared with just 2.5% in 1954. A study by the Pew Research Center found that men who are not college-educated leave the workforce at higher rates than men who are. Watch the video above to find out why men are increasingly leaving the workforce.
Persons: Nicholas Eberstadt, Jeff Strohl, Carol Graham, you've Organizations: U.S . Bureau of Labor Statistics, American Enterprise Institute . Education, Center, Education, Workforce, Georgetown University, Pew Research Center, Brookings Institution
Talen's surge comes on the back of its deal to sell a data center campus to Amazon Web Services and supply the facility with nuclear power from the Susquehanna station northwest of Allentown, Pennsylvania. The deal is viewed as a trailblazing agreement for the power industry, and Wall Street has taken notice. A year ago, Talen was not covered by any Wall Street analysts, according to FactSet data. And Talen's assets are located almost entirely in the PJM grid, a predominantly mid-Atlantic region where power prices are expected to explode as demand outstrips supply due in part to growing data center load. Data center developers are expected to spend $250 billion annually on data centers, Barclays analyst Nicholas Campanella said in a note this week.
Persons: Talen, Shahriar Pourreza, Pourreza, TLN, William Appicelli, Nicholas Campanella, Campanella, amortization, Appicelli Organizations: Talen Energy Corporation, Amazon Web Services, Street, Barclays, Guggenheim, Jefferies, UBS, Susquehanna, Talen Energy, AWS, American Electric Power, AEP, Federal Energy Regulatory Commission Locations: Susquehanna, Allentown , Pennsylvania, Wednesday's
"Monsters: The Lyle and Erik Menendez Story" is based on true story. Here's how the cast of the Netflix series compares to the real people they play. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"Monsters: The Lyle and Erik Menendez Story" is the latest dramatization of a notorious, headline-grabbing crime by producer Ryan Murphy.
Persons: Lyle, Erik Menendez, Here's, , Ryan Murphy, Jeffrey Dahmer, Evan Peters, Nicholas Alexander Chavez, Erik Menéndez, Cooper Koch, José Menéndez, Javier Bardem, Mary Louise, Kitty, Menéndez Organizations: Netflix, Service, Business
Read previewThe bosses of big US companies are over hybrid work. Adding to the anti-remote vibes: a new snapshot of CEO sentiment that shows Jassy isn't alone in saying "so long, hybrid." About one in three CEOs said retirements and a lack of skilled replacements would have a big effect on their company. Only 54% of CEOs reported that their companies were "well-prepared" for a cyber attack. "The people that have generative AI and AI skills are going to have a big advantage in the marketplace over those that don't," he said.
Persons: , Andy Jassy, Jassy isn't, Paul Knopp, Amazon's, Knopp, there's, I'm, Nicholas Bloom, Bloom, Z, GenAI, what's Organizations: Service, Amazon, KPMG US, Business, IRL, Stanford, BI, GenAI Locations: upskilling
New York CNN —Sam’s Club said Tuesday it will raise pay to incentivize workers to stay with the company — and not jump ship to Costco. Sam’s Club, the membership club arm of Walmart, will increase its minimum wage to $16 starting in November from $15 an hour. To keep and grow its membership, Sam’s Club must meet a higher bar for customer service than retailers open to everyone. “The thing that we’re trying to do here is create good jobs that turn into great careers,” Sam’s Club CEO Chris Nicholas told CNN. Warehouse clubs have also boomed since the pandemic in 2020, and Sam’s Club, Costco and BJ’s Wholesale Club have added millions of new members.
Persons: , Chris Nicholas, , Daniel Schneider, Schneider, Sam’s, Sam’s Club’s, ” Nicholas Organizations: New, New York CNN — Sam’s, Costco, Sam’s, Walmart, Sam’s Club, ” Sam’s, CNN, , Harvard University, BJ’s Wholesale Locations: New York, United States
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Walmart-owned Sam's Club is raising its starting wage to $16 and offering faster increases to workers. The warehouse club has boosted average wages by nearly 30% over the past five years. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFrontline workers at Sam's Club are slated to get a raise ahead of the holidays. The Walmart-owned warehouse club said Tuesday it is bumping its starting wage from $15 to $16, as well as offering faster pay increases to workers based on their years with the company.
Persons: Chris Nicholas, Organizations: Walmart, Sam's, Service, Business
Gold hovers near record high ahead of Fed rate verdict
  + stars: | 2024-09-17 | by ( ) www.cnbc.com   time to read: +2 min
An employee puts gold bullions into a safe deposit box at Degussa shop in SingaporeGold prices hovered near a record high on Tuesday, ahead of the anticipated start of the U.S. interest rate reduction cycle, which could see policymakers deliver an outsized cut. Spot gold was steady at $2,581.68 per ounce as of 0254 GMT. Bullion rose to a record high of $2,589.59 on Monday. Goldman Sachs reiterated its optimistic outlook on gold prices. "We find that ETF holdings backed by physical gold continue to rise gradually as the Fed policy rate comes down," it said in a note on Monday.
Persons: Yeap Jun Rong, there's, Nicholas Frappell, Goldman Sachs Organizations: U.S, U.S . Federal, ABC Refinery, Palladium Locations: Singapore, ., U.S .
Read previewSorry, Amazon employees. CEO Andy Jassy announced on Monday that starting next year, Amazon employees must be in the office five days a week. Amazon's announcement comes after 15 months of hybrid work — employees had to be in three times a week. Some employers like Amazon are looking to take back powerIn the pandemic era, the labor market favored office workers. Oftentimes, introverted employees work better outside the office, and some people find that the pressure of in-person work can stifle productivity and deep thinking, Duffy said.
Persons: , Andy Jassy, Goldman Sachs, Caitlin Duffy, Duffy, Julia Hobsbawm, Hobsbawm, Amazon's Jassy, Jassy, Nicholas Bloom, who's, Bloom, what's, Deborah McGee, McGee, Gen Z, they're Organizations: Service, Business, Slack, Employees, JPMorgan, Gartner, Stanford, Research, Data Technologies, PZI Locations: America
SKOWHEGAN, Maine — A man convicted of assaulting a child tried to flee a courthouse in Maine but two jurors and a detective quickly foiled the escape attempt. Nicholas Carter, 31, on Wednesday ran out of the courthouse in Skowhegan while handcuffed. Nicholas Carter racing down the hallway of the courthouse. Somerset County/TMX / via APA series of videos shows Carter racing down a hallway in the courthouse while still in handcuffs and dodging an individual who attempted to block him. Additional video shows Carter running across a parking lot and eventually appearing to trip and fall in a yard where two jurors and a detective apprehend him.
Persons: Nicholas Carter, AP Nicholas Carter, Carter Organizations: Wednesday, Portland Press Herald, AP Locations: SKOWHEGAN, Maine, Skowhegan, Somerset County, Somerset
Iran recently transferred Fath-360 close-range ballistic missiles to Russia, weapons that can blast fortified positions or cities near the frontlines and which could strain Ukraine's air defenses. An Israeli soldier examines part of an Iranian ballistic missile fired at Israel during Iran's direct attack in April. Russia already acquired KN-23 ballistic missiles from North Korea. Consequently, while these close-range ballistic missiles could contribute to some Russian tactical victories, they are certainly no game-changers. Advertisement"It seems dubious that several hundred of these munitions could have a significant impact on the war," Orr said.
Persons: , Fath, Nicholas Heras, Matthew Orr, RANE, OREN ZIV, RANE's Orr, Orr, Heras Organizations: Service, Business, New Lines Institute, Associated Press, Israel, Getty, Ukraine, Ukrainian Locations: Iran, Tehran, Fath, Russia, Ukraine, Israel, Israeli, Eurasia, Iranian, North Korea, Ukrainian, Russian
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