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☆ 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

☆ Sigh of relief for UK tech founders as Labour hikes capital gains tax by less than feared
▼ + stars: | 2024-10-30 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

On Monday, British tech lobby group Startup Coalition warned in a blog post that there was a risk Reeves' tax plans could result in a tech "brain drain.". (Photo by Oli Scarff/Getty Images)LONDON — Britain's Labour government on Wednesday announced plans to raise the rate of capital gains tax on share sales, news that offered some relief for technology entrepreneurs who feared a more intense tax raid on the wealthy. Finance Minister Rachel Reeves on Wednesday hiked capital gains tax (CGT) — a levy on the profit investors make from the sale of an investment — as part of her far-reaching budget announcement. The lower capital gains tax rate will be increased to 18% from 10%, while the higher rate will climb to 24% from 20%, Reeves said. She stressed that this still represented a "significant gap compared to the higher rate of capital gains tax."

Persons: Reeves, Oli Scarff, Rachel Reeves, quashing Organizations: Startup Coalition, Labour, Wednesday, Finance, National Insurance Locations: British, BADR

☆ 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

☆ 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 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

Right now, you can vote to help decide who will be the next CNN Hero of the Year and receive an additional $100,000 to continue their inspiring work. At 10, he joined El Sistema, a globally acclaimed program providing free classical music training to children from under-resourced communities. After moving to Gothenburg the following year, he created a music group for refugees and started with 13 students. He knew playing music together would help them make friends, express themselves, and rebuild their self-esteem. “They can be one of the most cost-effective ways to keep girls in school.”Ultimately, McGriff founded Style Her Empowered, known as SHE.

Persons: “, ”, Anderson Cooper, Laura Coates, Ron Davis Alvarez, ” Alvarez, Alvarez, Stephen Knight, they’ll, Knight, Knight’s, Jayde, Payton McGriff, McGriff, ” McGriff, Rachel Rutter, CNN “ They’ve, Rutter, ” Rutter, Yamilée Toussaint, CNN “, Toussaint, ” Toussaint Organizations: CNN, Summit, CNN Heroes, “ CNN, El Sistema, Orchestra, CNN “, University of Idaho, Libertad, Children’s, MIT Locations: Sweden, Togo, Miami, CNNHeroes.com, Caracas, Venezuela, “, Stockholm, Syria, Iraq, Afghanistan, Gothenburg, Pennsylvania

☆ New Starbucks CEO shares more details on his turnaround plan. We like what we heard
▼ + stars: | 2024-10-30 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

Niccol's overarching message: A bunch of changes, both big and small, are coming to Starbucks' menu, mobile app and stores that should satisfy all parties involved. Starbucks stock didn't do much in the five sessions since then, ending Wednesday at $97.32 a share. Starbucks is far from a quick fix, but Niccol on Wednesday night demonstrated that the optimism may not be misplaced. As for mobile orders, which account for more than 30% of transactions, the CEO said Starbucks will tweak its algorithm so that it provides specific pickup times to customers. Investors are hoping Starbucks' stock returns are reminiscent of that tenure, too.

Persons: Brian Niccol, Jim Cramer, Niccol, Wall, —, Laxman Narasimhan —, Howard Schultz, Jim, Rachel Ruggeri, we've, Jim Cramer's, Jakub Porzycki Organizations: Starbucks, Chipotle, Investors, CNBC, Nurphoto, Getty Locations: U.S, China, Chipotle, Manhattan Beach , California

☆ Why ‘sin taxes’ could play a significant role in Britain’s high-stakes budget
▼ + stars: | 2024-10-29 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Hollie Adams | Afp | Getty ImagesBritain's Labour government appears poised to raise "sin taxes" in its highly anticipated October budget as it seeks to cash-in on lucrative industries to bolster Treasury revenues. Among a litany of measures, including a major change to the government's fiscal rules, Reeves is reported to be considering a sin tax raid. "Sin stocks are a good place to start. Shares of London-listed gambling stocks fell sharply on the news. A Treasury spokesperson was not immediately available to comment when contacted by CNBC about the prospect of sin taxes in the budget.

Persons: Keir Starmer, Rachel Reeves, Hollie Adams, Reeves, Michael, Britain's, William Hill, Paddy Power, Chris J, Ratcliffe, Bruce Morley, Morley, Morningstar's, Field, Alishia Abodunde Organizations: Britain's, Labour, Afp, Getty, Finance, Michael Field, Morningstar Analysts, Morningstar, CNBC, Guardian, London, Entain Plc, Bloomberg, Department, Environment, Food, Rural Affairs, Treasury, University of Bath, Imperial Brands, American Tobacco, Government Locations: London, Michael Field Europe, Europe, crosshairs, U.S, England, vapes

☆ Lindsay Lohan wore the unsexiest Halloween costume ever in Mean Girls
▼ + stars: | 2024-10-29 | by ( Alexandra Willingham | ) edition.cnn.com time to read: +5 min

CNN —If Halloween had a fashion handbook, the party scene from the 2004 classic “Mean Girls” would take up a whole chapter. Paramount+/ImdbIn the two decades since “Mean Girls,” came out, the Halloween costume spectrum has filled with more choice — and a lot of creativity. Dressing up sexy for Halloween has been going on for decades, but more people also seem to be embracing alternative aesthetics for the season. Heidi Klum is one of the celebrities flipping the script on dressing for Halloween in recent years. The model is seen here in her 2022 Halloween costume - a worm.

Persons: Lindsay Lohan’s, ” Cady Heron, Cady, —, ”, Aaron Samuels, Lindsay Lohan's, Karen Smith gasps, Karen, Cady mumbles, Aaron, Heidi Klum, Betty Boop, Stanley, can’t, Bauer, Griffin, Cady Heron’s, Frankenstein, Bee Regina George, Rachel McAdams, Bunny, Reneé Rapp, Tom Broecker, “, Buzzfeed, Joan of Arc Organizations: CNN, Plastics, Paramount, YouTube Locations: Regina

☆ More than 1 in 3 tree species are at risk of going extinct, new analysis shows
▼ + stars: | 2024-10-28 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +3 min

CNN —The world’s trees are in critical danger, with a staggering number of tree species teetering on the brink of extinction, according to a new global analysis released Monday. The decade-long project found that more than one in three tree species are threatened with extinction, underscoring the scale of the crisis facing our planet’s ecosystems. Kadir van Lohuizen/NOOR/Redux/FILEThe highest portion of threatened trees is found on islands like Fiji, Cuba and Madagascar. The Red List is considered the most comprehensive global source for threatened species and extinction information. Being listed as a threatened species means that the species faces the risk of extinction, sending a serious warning sign that calls on governments and organizations to take urgent conservation efforts to prevent a species’ extinction.

Persons: ” Grethel Aguilar, ” Aguilar, Kadir van Lohuizen, Aguilar Organizations: CNN, International Union for Conservation, IUCN Locations: Cali , Colombia, Colombia, Fiji, Cuba, Madagascar, South America

☆ BlackRock’s new ETF offers 'solution to precisely capture growth' of megacaps, says Rachel Aguirre
▼ + stars: | 2024-10-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlackRock’s new ETF offers 'solution to precisely capture growth' of megacaps, says Rachel AguirreRachel Aguirre, head of U.S. iShares products at BlackRock, sits down with CNBC’s Bob Pisani to discuss the firm’s new ETFs that allow investors to customize their exposure to U.S. large caps.

Persons: Rachel Aguirre Rachel Aguirre, CNBC’s Bob Pisani Locations: BlackRock

☆ Britain's Labour government to deliver debut Budget this week, settling weeks of uncertainty
▼ + stars: | 2024-10-28 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

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 — U.K. Finance Minister Rachel Reeves will deliver the government's hotly awaited debut budget on Wednesday, putting to bed weeks of uncertainty over potential tax hikes and spending cuts. Reports suggest that the Treasury could target public sector net financial liabilities (PSNFL) in the U.K.'s measure of debt, rather than public sector net debt. The PSNFL measure takes in a wider account of the government's balance sheet, including financial assets and liabilities, than public sector net debt. In a note Friday, Goldman Sachs estimated that the changes could increase the government's fiscal headroom by around £50 billion ($65 billion).

Persons: Rachel Reeves, — Labour's, —, Keir Starmer, Reeves, Goldman Sachs, Goldman sachs Organizations: Labour Party Conference, ACC Liverpool Convention Center, LONDON, Finance, Sky News, Financial Times, Treasury Locations: Liverpool

☆ Though still grieving, Matthew Perry’s loved ones are turning his death into a legacy of helping others
▼ + stars: | 2024-10-28 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +12 min

NBC/Getty Images Perry, pictured circa 1985, developed an interest in acting after moving to Los Angeles when he was a teen. Michael Ochs Archives/Moviepix/Getty Images Perry and Christina Applegate were cast in the 1988 made for TV teen movie "Dance 'til Dawn." NBC/Getty Images Perry and Cox appear on "The Tonight Show with Jay Leno" in 1996. NBC/Getty Images Perry co-stars with Salma Hayek in the 1997 romantic comedy film "Fools Rush In." So it’s a thing that helps on these tough days.”‘Cherish every moment’(From left) Matthew Perry and Yvette Nicole Brown on 'The Odd Couple.'

Persons: Matthew Perry, “ It’s, ” Perry’s, Caitlin Morrison, Morrison, Suzanne Morrison, Perry’s, Keith Morrison, ”, Perry, “, ’ ”, Brian Murray, Cara Vaccarino, ‘ He’s, Chandler Bing, Michael Ochs, Christina Applegate, Martha Plimpton, Matt LeBlanc, Lisa Kudrow, David Schwimmer, Courteney Cox, Jennifer Aniston, Cox, Jay Leno, Salma Hayek, Michael Clarke Duncan, Warner, Monica, Danny Feld, Joe Quincy, Amy Stewart, Richard Schiff, Milo O'Shea, Kelly Reilly, Toby Melville, Reuters Perry, Merv Griffin, Jean, Paul Aussenard, LeBlanc, Mark J, Terrill, John Inwood, Zach Braff, John C, McGinley, Mitch Haddad, Amanda Peet, Bruce Willis, Everett, Chris Pizzello, Phil McCarten, Tom Williams, Lindsay Sloane, Michael Yarish, Ted Kennedy, James Corden, Terence Patrick, Julia Weeks, Matt Brennan, Dania Maxwell, Matthew, Oscar Madison, Lisa Kasteler, Doug Chapin –, –, Chapin, Kasteler, Matthew hadn’t, he’d, ” Kasteler, I’ll, Kasteler –, Wolf Kasteler, we’re, Yvette Nicole Brown, Monty Brinton, ” castmates, Aniston, castmates, Thomas Lennon, Brown, ‘ Yvette, ” Perry Organizations: CNN, Dateline, Matthew, Matthew Perry Foundation of Canada, NBC, Getty, Michael Ochs Archives, Limelight, ABC, Disney Entertainment, Columbia, Warner Brothers, Bank, Comedy Theatre, Reuters, Merv Griffin Beverly Hills Country, Actors Guild, Guild of America, Los Angeles Dodgers, Capitol, National Association of Drug, Inc, CBS, Los Angeles Times Festival of, Los Angeles Times, Palisades, Los Angeles Medical, Matthew Perry Foundation, National Philanthropic Trust Locations: Los Angeles, Williamstown , Massachusetts, New York City, British, Chicago, London, Canada, California

☆ I hit my protein target without tracking food using my simple '4/5' rule. It has helped me maintain my 35-pound weight loss for 6 years and build muscle.
▼ + stars: | 2024-10-27 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +4 min

BI fitness reporter Rachel Hosie uses her "4/5" rule to eat enough protein without tracking food. Some days my protein intake will be higher, some days lower, but it evens out. Related storiesAs someone who's always been interested in nutrition and has tracked my protein intake in the past, I know what foods are a good source of protein. AdvertisementFlexibility means sustainabilityLudlam-Raine said that eating protein throughout the day helps with satiety, muscle maintenance, and overall health. It's important to be adaptable and not to stress about protein intake fluctuating, Ludlam-Raine said.

Persons: Rachel Hosie, —, Ludlam, Raine, I've, It's, who's, Mike Molloy Organizations: Service, Research, Elite

☆ A trainer to lawyers and bankers shares an easy 2-step plan for busy people to lose weight and build muscle
▼ + stars: | 2024-10-26 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +4 min

Jason Jackson advises busy professionals to focus on efficient gym sessions and daily activity. "My clients don't have the time, they don't have the scope for that. Tip 1: Full-body strength trainingUse your gym time wisely, Jackson says, focusing on full-body strength training to build muscle and bone density. This is why Jackson recommends strength training in their gym sessions and getting their cardio from an active daily life. Advertisement"If you have a slow week or a long office day, you can make up those steps over the course of the rest of the week," Jackson said.

Persons: Jason Jackson, Jackson, —, Paul Todd Organizations: Service, Royal Navy Locations: London, Selfridges

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

☆ 36-year-old mom making $10,000 a month in passive income: The 3 books that helped me get rich and 'live life on my terms'
▼ + stars: | 2024-10-25 | by ( Rachel Jimenez | ) www.cnbc.com time to read: +4 min

Today, I make $10,000 or more per month in passive income from four income streams. These are the three books that shifted my mindset about money, helped me build wealth and gave me the ability to live life on my terms. 'Change Your Questions, Change Your Life' by Marilee AdamsIn "Change Your Questions, Change Your Life," Marilee Adams, PhD, a leadership expert, professor, and entrepreneur, explains there are two types of questions we can ask ourselves. When I started taking the course that ultimately helped me start my passive income business, for example, I doubted whether I could succeed. 'Designing Your Life: How to Build a Well-Lived, Joyful Life' by Bill Burnett and Dave Evans

Persons: Marilee Adams, Adams, JL Collins, Collins, Bill Burnett, Dave Evans

☆ Newest 'Queer Eye' Fab Five member Jeremiah Brent went from being homeless to a successful interior designer
▼ + stars: | 2024-10-25 | by ( Olivia Singh | ) www.businessinsider.com time to read: +5 min

Interior designer Jeremiah Brent will star in season nine of "Queer Eye," premiering in December. AdvertisementJeremiah Brent is a renowned interior designer, TV personality, author, podcaster, and now, one of the Fab Five on season nine of Netflix's "Queer Eye." After working as a styling associate for Zoe, Brent launched his own design firm, Jeremiah Brent Design (JBD), in 2011. Brent said there's 'no drama' with his 'Queer Eye' costarsBrent was already friends with "Queer Eye" fashion expert France prior to landing a spot on the show. In an interview with House Beautiful, published in March, Brent spoke positively about his experience with his "Queer Eye" costars.

Persons: Jeremiah Brent, Brent, Rachel Zoe Project, —, Bobby Berk's, Jonathan van Ness, Karamo Brown, Antoni Porowski, Tan, Kelly Clarkson, Oprah Winfrey, Drew Barrymore, Zoe, Stefanie Keenan, Rachel Zoe, Jeremiah Brent Design, He's, Nate Berkus, Berkus, Poppy, Oskar, there's, Berk, Porowski, I've Organizations: Service, Covenant, Covenant House, Entertainment, Netflix Locations: LA, Tan France, Las Vegas, Modesto , California, Los Angeles, Covenant House Los Angeles, California, Hollywood, NYC, Manhattan, surrogates, France, Porowski

☆ Arizona teen planned attack on Phoenix Pride Festival, prosecutors say
▼ + stars: | 2024-10-24 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +1 min

A grand jury in Arizona indicted a teenager on terrorism charges, alleging he planned to attack participants at the Phoenix Pride Festival, authorities said Wednesday. The suspect, who will be tried as an adult, acquired materials to make an explosive device, prosecutors alleged. The teen, prosecutors said, discussed his intention to make an “unstable explosive that can propel shrapnel and other dangerous items outward, causing serious injury or death to people in the area." In addition to the suspect, the indictment refers to “Juvenile A” and other “unnamed co-conspirators.”The pride festival was last weekend. The indictment said the suspect's motive was to “further the goals” of the Islamic State group, also known as ISIS.

Persons: “, Rachel Mitchell Organizations: Phoenix Pride Festival, Islamic State, ISIS Locations: Arizona, Maricopa County

☆ Britain announces major change to fiscal rules to free up billions in spending
▼ + stars: | 2024-10-24 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

U.K. Finance Minister Rachel Reeves on Thursday confirmed she intends to change the country's fiscal rules in the October budget, a move designed to free up billions of pounds for investment. Writing in The Financial Times on Thursday, Reeves said her "investment rule" will "get debt falling as a proportion of our economy." A Treasury spokesperson declined to comment when asked whether the fiscal rule change would target PSNFL in the U.K.'s measure of debt. The Institute for Fiscal Studies, an influential think tank, said on Sept. 30 that a change in the fiscal rules to target PSNFL would offer as much as £50 billion ($64.8 billion) of additional headroom for the government. Reeves confirmed the change to Britain's fiscal rules during a trip to the International Monetary Fund's annual meetings in Washington.

Persons: Rachel Reeves, Labour government's, Reeves, Keir Starmer Organizations: Britain's, Finance, Labour, Financial, Treasury, Fiscal Studies, International Monetary Locations: Washington

☆ A woman did 'rejection therapy' for 30 days to help with her confidence. Therapists say it can really work.
▼ + stars: | 2024-10-24 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +5 min

Michelle Panning, a relationship coach, documented herself trying "rejection therapy" for 30 days. While not an officially recognized form of therapy, 2 therapists said it's a form of exposure therapy. It inspired Panning to try it herself, documenting a 30-day rejection therapy challenge on her TikTok channel. While "rejection therapy" isn't a research-backed form of therapy (it was originally coined as the name of a card game by developer Jason Comely), both Goldberg and Farina said that gradual exposure to rejection can help build confidence. Start smallIf you want to try your own version of rejection therapy, start small and cater it to whatever feels like a stretch, Goldberg said.

Persons: Michelle, —, Jia Jiang, Jiang, desensitized, Rachel Goldberg, Gen Zers, Lauren Farina, Jason Comely, Goldberg, Farina, I'd Organizations: Service, Technology

The investigation into the E. coli outbreak in McDonald's Quarter Pounders that has killed at least one person and sickened nearly 50 others increasingly points to the slivered onions served on the hamburgers. The onions in question, according to a McDonald’s spokesperson, come from a single source and are then sliced and packaged as raw vegetables in individual bags and sent to restaurants. State health officials alerted the CDC about an unusual uptick in E. coli cases on Oct. 10. There is no indication that diced onions on other McDonald’s menu items are part of the outbreak. "While the slivered onions are the likely source, FSIS continues to verify the safety of the ground beef used," the spokesperson said.

Persons: McDonald's, Matt Wise, Rachel Herlihy, “, ” Herlihy, Lowell Schiller, it's, Schiller Organizations: Mayo Clinic, Centers for Disease Control, Prevention, NBC News, CDC, Food and Drug Administration, FDA, Safety, Inspection Service, Agriculture Department Locations: Greeley , Colorado, Colorado, Mesa County, . Nebraska, Iowa , Kansas , Missouri, Montana , Oregon , Utah , Wisconsin, Wyoming, Chipotle

U.K. net borrowing rose to £16.6 billion ($21.59 billion) in September, the Office for National Statistics said Tuesday , up £2.1 billion from the year before. Chancellor Rachel Reeves gives a speech at the Treasury on July 8, 2024 in London, England. Reports suggest she may use the budget to change the way debt is calculated by the Treasury in order to create more room for capital expenditure. The latest borrowing figures "highlight the limited scope the [Finance Minister] has to increase day-to-day spending without raising taxes," Alex Kerr, U.K. economist at Capital Economics, said in a note. A change in debt rules would allow for borrowing for public investment by an additional £53 billion, Kerr added.

Persons: Chancellor Rachel Reeves, Rachel Reeves, Alex Kerr, Kerr, Reeves, — Jenni Reid Organizations: National Statistics, Treasury, Labour, Finance, Capital Economics Locations: London, England

☆ Economists see UK cutting interest rates more substantially as inflation pressures ease
▼ + stars: | 2024-10-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +5 min

Mike Kemp | In Pictures | Getty ImagesLONDON — The U.K. is likely to see interest rates drop at a faster pace than previously expected, according to economists who flagged key data releases that indicated inflationary pressures are finally easing. However, economists at Goldman Sachs in a Monday note forecast rate cuts "notably below market pricing." As a result, they see consecutive 25 basis point cuts taking the Bank Rate to 3% as early as September 2025, and to 2.75% in November next year. "Recent data have cemented expectations of another cut in interest rates in November. "That said, uncertainty around the economic outlook is high, and interest rate expectations will be sensitive to what the government announces in the Budget," Muir added.

Persons: Mike Kemp, Goldman Sachs, BOE, Price, —, James Smith, Smith, David Muir, Muir, Keir Starmer, Rachel Reeves Organizations: of England, Labour, Bank of England's, BOE policymakers, Bank of England, ING . Services, Reuters, International Energy Agency, U.S . Federal Reserve, European Central Bank, Moody's, Finance Locations: City of London, London, United Kingdom

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

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

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

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