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☆ Gold eyes weekly gains as geopolitical uncertainty boosts appeal
▼ + stars: | 2024-10-25 | by ( ) www.cnbc.com time to read: +2 min

Spot gold slipped 0.2% at $2,730.09 per ounce, as of 01:55 GMT. U.S. gold futures fell 0.2% to $2,742.80. "In the next three months, gold may reach $2,800, and from the annual perspective, it can surpass the psychologically important $3,000 barrier." The U.S. asked the Group of Seven allies to consider sanctions on Russian palladium and titanium, Bloomberg News reported. It benefits from its dual role of monetary value and as an industrial metal with growth driven by the breakneck growth of photovoltaics," said Paul Wong, market strategist at Sprott Asset Management.

Persons: Alexander Manzyuk Gold, Julia Khandoshko, Nornickel, Daniel Hynes, Silver, Paul Wong Organizations: REUTERS, Bloomberg News, ANZ, Sprott Asset Management Locations: Siberian, Krasnoyarsk, Russia, Gaza . U.S, Doha, Gaza, U.S

☆ CNBC Daily Open: In this time of uncertainty, logic is driving market moves
▼ + stars: | 2024-10-25 | 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. [PRO] Possible S&P 5% pullback Earlier this week, the S&P 500 fell for three consecutive days, the first time since early September. The influence of the meridian sunspot over the rising moon, for instance, could cast a shadow over the S&P and cause it to slip. The bad news is that markets might again be swayed more strongly by emotions – as the word "relief" suggests.

Persons: BTIG, Billy Zhang, John Maynard Keynes, Tesla, Dow, Andy Sieg, –, —, Sarah Min, Pia Singh, Lisa Kailai Han Organizations: CNBC, Google, Microsoft, Wall, Nasdaq, Dow, Boeing, IBM, U.S

☆ CNBC Daily Open: In this time of uncertainty, markets seem to rely on logic
▼ + stars: | 2024-10-25 | 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. Amazon and Apple report earnings on Thursday, Oct. 31. Tariffs of China's steel exports China's steel exports will hit 109 million tons this year , the highest level since 2016, estimate strategists at Macquarie Capital. However, countries around the world are implementing tariffs on Chinese steel, which analysts predict will lower the country's steel exports starting 2025.

Persons: John Maynard Keynes, Tesla, Dow, Andy Sieg, –, —, Sarah Min, Pia Singh, Lisa Kailai Han Organizations: New York Stock Exchange, CNBC, Apple, Itau, Macquarie Capital, Wall, Nasdaq, Dow, Boeing, IBM, U.S Locations: New York City, U.S, Latin America, China

☆ A new ETF could disrupt the trillion-dollar money market fund industry. What to know
▼ + stars: | 2024-10-25 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

Total money market fund assets have ballooned to more than $6.5 trillion, according to the Investment Company Institute. Traditional money market fund transactions take place at the end of each trading day, while ETFs trade constantly during market hours. How it works The Texas Capital ETF holds very short-term fixed income instruments, similar to traditional money market funds. It will abide by rule 2a-7 , a U.S. Securities and Exchange Commission regulation that governs the liquidity of holdings in traditional money market funds. Looking forward The potential market for a money market ETF is massive.

Persons: Michael Carbone, That's, Richard Leimgruber, Jeff Schwartz, Brad Roth, Roth Organizations: Texas Capital, Money Market, Federal Reserve, Investment Company Institute, CNBC, U.S . Securities, Exchange Commission, Wealth, ICI, The Texas Capital, Thor Financial Technologies Locations: Texas, Chelmsford, Mass, Tarrytown , New York

☆ Yen wobbles, vulnerable to political reverberations
▼ + stars: | 2024-10-25 | by ( ) www.cnbc.com time to read: +4 min

Japanese yen banknotes of various denominations are arranged for a photograph in Tokyo, Japan, on July 22, 2015. The yen was last 0.1% lower at 152 per dollar and was looking at a 1.5% loss for the week. The yen has fallen roughly 5.5% for the month thus far, setting it up for its worst monthly decline since April 2022. Against the dollar, the euro last bought $1.08225, some distance away from its low of $1.076125 hit earlier this week. The dollar index last ticked up 0.04% to 104.09, after having scaled a roughly three-month high of 104.57 earlier in the week.

Persons: Ray Attrill, Katsunobu Kato, Janet Yellen, Donald Trump, Nick Rees, Sterling Organizations: of Japan's, Treasury, Liberal Democratic Party, LDP, National Australia Bank, country's Finance, FX, Monex, New Zealand Locations: Tokyo, Japan, Japanese, Germany —

☆ Inside Amazon's nuclear ambitions, its 'Piano Man' project, and CEO Andy Jassy's support
▼ + stars: | 2024-10-24 | by ( Eugene Kim | ) www.businessinsider.com time to read: +8 min

The company's energy strategy team recently pitched CEO Andy Jassy on the benefits of nuclear power. AdvertisementIn June, Amazon's Global Energy Strategy team pitched CEO Andy Jassy the idea of doubling down on nuclear power to support its growing network of data centers. Jassy agreed, according to an internal Amazon document from the third quarter that was obtained by Business Insider. The company considered tapping into at least four additional existing nuclear power plants and sought even more small modular reactor deals. Nuclear power can be safer, more reliable, and more cost-efficient in the long term compared to other power sources, according to Jacopo Buongiorno, a nuclear engineering professor at MIT.

Persons: Andy Jassy, —, Thos Robinson, It's, Sam Altman, Jassy, Jacopo Buongiorno, Buongiorno Organizations: Service, Amazon's Global Energy, Business, Amazon, Amazon Web Services, Hulton, Google, Kairos, Microsoft, Amazon's Global Energy Strategy, BI, US Department of Energy, MIT, Global Energy Strategy Locations: Pennsylvania, Fukushima, Maryland, Texas

☆ Stock market today: S&P 500 snaps 3-day losing streak as Tesla surges 22%
▼ + stars: | 2024-10-24 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

The S&P 500 closed higher on Thursday to end a three-day losing streak. The index was fueled by a surge in Tesla's stock, which closed 22% higher after a strong earnings beat. AdvertisementUS stocks closed mixed Thursday, though the S&P 500 was able to push higher after three days of losses. Its operating profit also exceeded expectations, up 54% from a year ago to $2.7 billion, while analysts expected $2.0 billion. Some analysts, though, remain cautious that the strong earnings will be sustainable in future quarters.

Persons: —, Tesla Organizations: Service, Dow Jones, IBM, UBS, JPMorgan

☆ Top 45 MLB free agents for 2024-25 with contract predictions, team fits: Will Soto get $600M+?
▼ + stars: | 2024-10-24 | by ( Jim Bowden | ) www.nytimes.com time to read: +48 min

MLB free agency is almost here so it’s time for my annual ranking of the top free agents with contract predictions and the best team fits for each player. Best team fits: Dodgers, Yankees, Mets, Diamondbacks, Red SoxSalary comps: NoneContract prediction: Minor-league contract4. Several teams have early interest in Walker, with the Astros and Mariners being the best early team fits. Best team fits: Padres, Rangers, Dodgers, Orioles, Guardians, MetsSalary comps: N/AContract prediction: None at this time19. Best team fits: Yankees, Mariners, Diamondbacks, BrewersSalary comps: Anthony Rizzo (2 years, $40M); Josh Bell (2 years, $33M)Contract prediction: 1 year, $15 million42.

Persons: Juan Soto, Corbin Burnes, Blake Snell, Max Fried, Roki Sasaki, Pete Alonso, Anthony Santander, Christian Walker, Alex Bregman, I’ve, He’s, Aaron Judge, Bobby Witt Jr, Soto, Mike Trout, Mookie Betts, Cy Young, Burnes, Stephen Strasburg, Jacob deGrom, Aaron Nola, Roki, Sasaki, he’s, Gerrit Cole, Cole, Cole won’t, Will, Brett Davis, They’ll, Carlos Rodón, Patrick Corbin, Tyler Glasnow, Pete, Matt Olson, Nolan Arenado, Kris Bryant, Carlos Correa, George Springer, Matt Chapman, Nolan Arenado’s, Dana Brown, Xander Bogaerts, Snell, —, José Berríos, Sonny Gray, Freddy Peralta, Peralta, Anthony, Shohei Ohtani, Tommy Gilligan, Brandon Nimmo, Willy Adames, Corey Seager, Andrew Friedman, Adames, Dansby Swanson, Javier Báez, Trevor Story, Marcell Ozuna, Ozuna, Walker, Paul Goldschmidt, Anthony Rizzo, Cody Bellinger, Cody Bellinger didn’t, Bellinger, Nick Castellanos, Kyle Schwarber, Shane Bieber, Tommy John, Bieber, Sean Manaea, Brad Penner, Manaea, Hyun Jin Ryu, Eduardo Rodriguez, Chris Bassitt, Miles Mikolas, Jack Flaherty, Flaherty, NL Cy Young, Lance McCullers Jr, Mitch Keller, Pablo López, Kyle Hendricks, Tomoyuki Sugano, Sugano, Michael Wacha, Jameson Taillon, Jon Gray, Nathan Eovaldi, Seth Lugo, Teoscar Hernández, Jayne Kamin, Teoscar, Hernández, Starling Marte, Jorge Soler, Walker Buehler, Buehler, Tanner Scott, Raisel Iglesias, Robert Suarez, Jurickson, Profar, Mitch Haniger, Lourdes Gurriel Jr, Michael Conforto, Eugenio Suárez, Suárez, Chris Taylor, Max Muncy, Jordan Montgomery, Wasserman, Ken Kendrick, Montgomery doesn’t, Seong Kim, Mike Shildt, Kim, J.P, Crawford, Jeff McNeil, Nico Hoerner, Orlando Arcia, Gleyber Torres, Torres, Tyler O’Neill, Bob DeChiara, Cody Bellinger —, O’Neill, Andrew Benintendi, Ian Happ, Yusei Kikuchi, Kikuchi, Tyler Anderson, Brandon Lowe, Lowe, Brandon Drury, Jorge Polanco, Nick Martinez, Martinez, Charlie Morton, Frankie Montas, Joc Pederson, Rhys Hoskins, Mitch Garver, Justin Turner, Charlie Blackmon, Carlos Estévez, Gregory Fisher, Estévez, Dave Dombrowski, Jeff Hoffman, Kendall Graveman, José Alvarado, Joe Jiménez, Ryan Pressly, Taylor Rogers, Luis Severino, Zach Eflin, Lucas Gioloto, Marcus Stroman, Reynaldo López, Jose Quintana, Tyler Mahle, Blake Treinen, Emilio Pagán, Wandy Peralta, Alex Verdugo, Mark Canha, Manuel Margot, Hunter Renfroe, Jose Iglesias, Chris Sale, Iglesias, Isiah Kiner, Miguel Rojas, Goldschmidt, Josh Bell, Hoskins, Hoffman, Matt Strahm, Chris Martin, Matthew Boyd, Boyd, Lance Lynn, Kyle Gibson, Clay Holmes, Luke Weaver, Dan Goldfarb, Mary DeCicco, Daniel Shirey Organizations: MLB, eventual, The Athletic, Baseball, OF, Boras, Yankees, American League, New York, Blue Jays, Dodgers, Phillies, Rangers, Nationals, Mets, Orioles, Red Sox, Chiba Lotte Marines, NPB, Diamondbacks, Angels, Kansas City, Braves, FIP, Star, Mariners, Astros, Giants, Rockies, Cardinals, Cy Young, Brewers, Milwaukee, Anthony Santander, RF, Santander, Reds, Adames, Rays, Cubs, Pirates, Cy, Guardians, Padres, Tigers, NL Cy, Twins, Yomiuri Giants, of Famers, Royals, Excel, Marlins, NL, The Diamondbacks, Montgomery, Sox, Tampa Bay, White Sox, Atlanta, Talent Sports, Apex, Athletics, Getty Locations: Bronx, Japan, New York, Houston, Walker, Seattle, Bledsoe, Tampa, Philadelphia, Fiume

☆ Asia markets mostly fall after Wall Street extends declines; South Korea avoids technical recession
▼ + stars: | 2024-10-24 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Commercial and residential buildings are illuminated at dawn in Seoul, South Korea, on Saturday, Oct. 21, 2023. South Korea has prepared a financial support program of 75.9 trillion won ($56.97 billion) for companies increasing investment in key sectors as well as small businesses struggling with the impact of high interest rates. Asia-Pacific markets mostly fell Thursday after U.S. stocks dropped overnight, with the Dow Jones Industrial Average posting its worst day in more than a month. In Asia, South Korea narrowly avoided a technical recession with its third-quarter GDP growing 0.1% quarter on quarter, following a 0.2% contraction in the second quarter. On a year-on-year basis, South Korea's economy grew 1.5%, also slower than the 2% increase expected by economists.

Organizations: Dow Jones Locations: Seoul, South Korea, Asia, Pacific

☆ Where Vanguard sees opportunity to earn income right now
▼ + stars: | 2024-10-24 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

With the Federal Reserve rate-cutting cycle now underway, income investors may want to take a closer look at their portfolios. In this environment, Vanguard likes higher-quality, fixed-income assets. However, with high yield credit, Vanguard is focusing on bottom-up security selection due to the dispersion among issuers. CCC-rated bonds gained 12.5% year to date, as of Sept 30, versus the 4.3% return in AA credit, according to Vanguard. Individual investors can get access to corporate credit through mutual funds or exchange-traded funds comprising investment-grade or high-yield bonds.

Persons: Sara Devereux, Devereux, Colleen Cunniffe, Cunniffe, outsized Organizations: Federal, Vanguard, Fed, Investor, Securities, Exchange Commission, Fund Locations: Utilities

☆ IMF warns on China's property market worsening as it cuts country's growth outlook
▼ + stars: | 2024-10-23 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Qilai Shen | Bloomberg | Getty ImagesThe International Monetary Fund (IMF) warned of a possible worsening of the state of China's property market as it trimmed its growth expectations for the world's second-largest economy. In a report published Tuesday, the IMF trimmed its forecast for growth in China for this year to 4.8%, 0.2 percentage points lower than in its July projection. In 2025, growth is expected to come in at 4.5%, according to the IMF. The Washington, D.C.-based organization also highlighted that China's property sector contracting by more than expected is one of many downside risks for the global economic outlook. Subsidies in certain sectors, if targeted to boost exports, could exacerbate trade tensions with China's trading partners," the agency said.

Persons: Qilai Shen, Gourinchas Organizations: Bloomberg, Getty, Monetary Fund, IMF, The, D.C, U.S, Reuters Locations: Nanjing, Shanghai, China, The Washington, Japan

☆ IMF: Global battle against inflation ‘largely won’
▼ + stars: | 2024-10-22 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

“It looks like the global battle against inflation has largely been won, even if price pressures persist in some countries,” the IMF said in its latest World Economic Outlook. The rosy outlook on consumer prices comes just weeks before the US election, with inflation a key issue for voters. While upside risks to inflation are receding around the world, threats to economic growth are multiplying, according to the IMF. The IMF sees the global economy expanding 3.2% this year, as it forecast in July. “Economic growth must come instead from ambitious domestic reforms that boost technology and innovation, improve competition and resource allocation, further economic integration and stimulate productive private investment,” it argued.

Persons: Downside Organizations: London CNN —, International Monetary Fund, IMF, US Consumer Locations: East, Europe, China, India

☆ IMF hikes UK growth outlook amid lower inflation and interest rates
▼ + stars: | 2024-10-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

General view of the City of London skyline, the capital's financial district, in October. LONDON — The International Monetary Fund on Tuesday raised its 2024 growth outlook for the United Kingdom, saying declines in interest rates and inflation would boost domestic demand. The IMF now sees 1.1% growth for the U.K. economy this year, up from a July forecast of 0.7%. Inflation in the U.K. came in at 1.7% in September, a decline from 11.1% in October 2022. Economic growth has been tepid so far this year, coming in at 0.2% in August after flatlining in June and July.

Persons: flatlining Organizations: LONDON, Monetary Fund, IMF, Bank of England Locations: London, United Kingdom

☆ Gold hovers near record high on safe-haven demand
▼ + stars: | 2024-10-22 | by ( ) www.cnbc.com time to read: +2 min

Gold prices rose on Tuesday and hovered near a record high hit in the previous session amid uncertainties around the U.S. election, ongoing Middle East tensions, and expectations of central banks' interest rate cuts. Gold prices rose on Tuesday and hovered near a record high hit in the previous session amid uncertainties around the U.S. election, ongoing Middle East tensions, and expectations of central banks' interest rate cuts. Spot gold rose 0.4% to $2,729.91 per ounce by 0303 GMT. Gold hit its all-time high of $2,740.37 on Monday and has gained about 32% so far this year. Benchmark 10-year Treasury yields rose to a 12-week high in the last session, while the U.S. dollar clung to a two-and-half-month high on Tuesday.

Persons: Yeap Jun Rong, Donald Trump, Kamala Harris Organizations: U.S, Fed, Citi Research Locations: tailwinds, Israel, Lebanon, Gaza

☆ Stock futures are little changed as earnings season gains steam: Live updates
▼ + stars: | 2024-10-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures were flat in overnight trading after the Dow Jones Industrial Average snapped a three-day winning streak. The S&P 500 declined about 0.2%, while the Nasdaq Composite added close to 0.3%. Investor attention remains fixated on third-quarter earnings season, with about one-fifth of the S&P 500 slated to report results this week. "It is good to see analysts getting realistic about 2025 earnings growth," she said. "However, at 15% earnings growth, we believe it is still too optimistic given the expectation for slower economic growth in 2025."

Persons: Dow, Zions, Megan Horneman, Lockheed Martin Organizations: New York Stock Exchange, Stock, Dow Jones, Dow, Nasdaq, SAP, America, Verdence Capital Advisors, Lockheed, General Motors, Verizon, Tesla, IBM, Boeing

☆ Moldova’s EU referendum hangs in balance as president Sandu condemns ‘assault’ on democracy
▼ + stars: | 2024-10-21 | by ( Christian Edwards | ) edition.cnn.com time to read: +2 min

CNN —Moldova’s crucial referendum on joining the European Union is too close to call, partial results showed Monday, as President Maia Sandu condemned an “unprecedented assault” on the country’s democracy. With just over 1.4% of ballots still to be counted, 50.2% had voted “yes” in the referendum, according to the country’s Central Election Commission. The tight margin would come as a blow to Sandu, who had been hoping for a clear endorsement of the pro-EU path she has charted during her first presidential term. Vadim Ghirda/APCNN reported last week on the efforts of a Kremlin-linked network, spearheaded by the exiled Moldovan oligarch Ilan Shor, to buy votes in Moldova, aiming to sway the results of the EU referendum. If other pro-Russian parties and voters throw their support behind Stoianoglo, the November 3 run-off could be extremely tight.

Persons: CNN —, Maia Sandu, Sandu, ” Sandu, Vadim Ghirda, Ilan Shor, Shor, Alexandr Stoianoglo – Organizations: CNN, European, Commission, EU, Moldovan, AP CNN, Russian Party of Socialists Locations: European Union, Soviet, Hrusevo, Moldova

☆ Jim Cramer says not to panic over higher bond yields
▼ + stars: | 2024-10-21 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer examined Monday's market action and said investors shouldn't be too concerned about rising bond yields. "Stocks have soared with bond yields at these levels before; in fact, they've soared with the 30-year at 5%, they've soared with the 30-year at 6%, so let's stop it with the jeremiads." The indexes ticked lower on Monday as bond yields jumped, with the Dow Jones Industrial Average losing 0.8% and the S&P 500 dipping 0.18%. But Cramer noted that the stock market has "had a fabulous run," even as bond yields have been creeping up. Cramer acknowledged that some investors, particularly traders with a more short-term view, are inclined to automatically trim stocks when bond yields rise.

Persons: CNBC's Jim Cramer, shouldn't, Cramer Organizations: Dow Jones Industrial, Nasdaq, Federal

☆ The reality of breast cancer in men
▼ + stars: | 2024-10-20 | by ( Dr. Jamin Brahmbhatt | ) edition.cnn.com time to read: +7 min

Why men don’t think about breast cancerWhen people think of breast cancer, most think of “pink” and breast cancer in women. Men make up about 1% of all breast cancer cases, which means 1 in 726 men will be diagnosed in their lifetimes. The diagnosis is rare in men, but that is still a lot of men getting breast cancer. The role of genetics in male breast cancerMutations in the BRCA1 and BRCA2 genes, which are more commonly associated with female breast and ovarian cancer, can increase a man’s risk for breast cancer. By raising awareness during Breast Cancer Awareness Month, breaking down stigmas and encouraging men to talk to their doctors, we can help catch cancer early and help men live longer.

Persons: Jamin, don’t, It’s, Olga Shefer, it’s, There’s Organizations: Orlando Health, Florida Urological Society, CNN, Cancer Locations: Florida

☆ Here's why inflation may look like it's easing but is still a huge problem
▼ + stars: | 2024-10-19 | by ( Jeff Cox | ) www.cnbc.com time to read: +8 min

Inflation is not deadDaly began her talk with an anecdote of a recent encounter she had while walking near her home. But the conversation encapsulated a dilemma for the Fed: If inflation is on the run, why are interest rates still so high? As evidenced by the young man's question, convincing people that inflation is easing is a tough sell. watch nowThe annual rate of CPI inflation was 2.4% in September, a vast improvement over the 9.1% top in June 2022. However, year-over-year spending increased just 1.7%, below the 2.4% CPI inflation rate.

Persons: Brandon Bell, Goldman Sachs, Mary Daly, Daly, Goldman, Jerome Powell, —, hasn't, haven't Organizations: Walmart, Federal Reserve, San Francisco Fed, New York University Stern School of Business, Commerce Department, Fed, York Fed, Bank of America, National Federation of Independent Business Locations: Austin , Texas, U.S, , Wyoming, Atlanta, York

☆ Why Uniqlo is thriving right now
▼ + stars: | 2024-10-18 | by ( Maria Noyen | ) www.businessinsider.com time to read: +7 min

Uniqlo's parent recently reported record earnings for the third year running, bolstered by strong sales at Uniqlo. Uniqlo consumers are diverse in age and disposable income. Uniqlo thinks of itself as a tech companyTadashi Yanai, CEO of Uniqlo and founder of Fast Retailing, once said, "Uniqlo is not a fashion company — it's a technology company." Cristina Arias/Cover/Getty ImagesThat's why Uniqlo releases new collections seasonally, whereas rivals such as Zara produce about 500 new designs weekly. He thinks Uniqlo comes with "a bit of this myth of the Japanese psyche.

Persons: —, Zara, Kate Yuille, Uniqlo.com Amrita Banta, Z, Banta, Martin Roll, Uniqlo, Tadashi Yanai, Toray, Yanai, Cristina Arias, Yuille, that's, Koji Watanabe Organizations: Service, Retailing, M, GU, Research, Strategy, McKinsey Locations: Japan, Zara, Hiroshima, Uniqlo, Uniqlo's

☆ Dollar rides 'Trump trade' toward third weekly rise, markets brush off China GDP
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: +5 min

The onshore yuan ticked 0.06% higher to 7.1199 per dollar, while its offshore counterpart rose 0.12% to 7.1282. Data on Thursday showed U.S. retail sales growth was higher than expected and the ECB cut interest rates by 25 basis points. "All of that has played in to a stronger dollar," said Jason Wong, senior strategist at BNZ in Wellington. The New Zealand dollar was similarly eyeing a 0.75% fall for the week and was little changed at $0.6063 in the Asia session. The U.S. dollar index hit a 2-1/2 month high of 103.87 on Thursday and is up nearly 0.8% forthe week thus far.

Persons: Donald Trump, Ho Woei Chen, Jason Wong, There's, Yahya Sinwar, Israel's, Benjamin Netanyahu, Sterling Organizations: European Central Bank, People's Bank of China, Securities, Fund, Insurance, ECB, Reuters, Trump, New Zealand, Bank of England, U.S Locations: Asia, China, Wellington, U.S, Israel, Gaza

☆ Opinion | The 21 Slivers of America That Could Decide the Election
▼ + stars: | 2024-10-18 | by ( Patrick Ruffini | ) www.nytimes.com time to read: +7 min

Opinion Guest Essay The 21 Slivers of America That Could Decide the Election Sebastian Siadecki for The New York TimesIn almost every presidential battleground state, polling suggests something close to a dead heat between Kamala Harris and Donald Trump. For Ms. Harris and Mr. Trump, each could be a crucial building block in a winning swing-state coalition. In 2016, with Mr. Trump in the race, these areas began to march to national trends: Rural areas trended Republican, while Milwaukee’s well-off, close-in suburbs zoomed left. Still, loyalties remain potent in Wisconsin, from Democratic-leaning, ancestrally Scandinavian voters in the state’s rural west to middle-class suburban Republicans outside Milwaukee. Mr. Trump lost Nash County by just 0.2 points in 2020 and Wilson County by three points.

Persons: Sebastian Siadecki, Kamala Harris, Donald Trump ., Harris, Trump, Nate Silver’s, Joe Biden, Badger State . Arizona Battlegrounds, Mark Kelly, Biden, Trump’s, Patrick Ruffini Organizations: The New York Times, Pennsylvania, Keystone, Philadelphia, Democratic, Milwaukee —, Washington, Mr, Republican, Republicans, Milwaukee, Badger State, Senate, Northampton, “ Party of, Populist Coalition Locations: America, Pennsylvania, Appalachia, Philadelphia, Philadelphia’s, . Wisconsin, Wisconsin, Milwaukee, Milwaukee — Waukesha, Ozaukee, Badger, Badger State . Arizona, Arizona, Phoenix, Florida and Texas, . North Carolina, North Carolina, Southern, Nash, Rocky, Wilson, Wilson County, Nash County, Northampton, Erie, Bethlehem, Georgia, Brown County, Green Bay, Outagamie County, Appleton, Winnebago County, Oshkosh, Maricopa County

☆ Yankees survive another late-inning thriller, lead Guardians 3-1 in ALCS: Takeaways
▼ + stars: | 2024-10-18 | by ( Tyler Kepner | Chris Kirschner | ) www.nytimes.com time to read: +8 min

The Yankees built a 6-2 lead through six innings with homers by Juan Soto, Austin Wells and Giancarlo Stanton. Then the Yankees went to work again on Clase, and this time escaped Progressive Field with the win. Giancarlo Stanton is built for OctoberThe Yankees had runners on second and third with one out and Stanton in the batter’s box. This was Stanton’s third home run of the ALCS, tied for the second-most home runs in a single ALCS in franchise history. After striking out Fry, José Ramírez’s double to right scored Rocchio to slice the Yankees’ lead to 6-3.

Persons: Tyler Kepner, Chris Kirschner, Brendan Kuty, Zack Meisel CLEVELAND —, Emmanuel Clase, Cleveland Guardians ’, Anthony Rizzo, Anthony Volpe, Alex Verdugo, Gleyber Torres, Clase, Luke Weaver, Tommy Kahnle, Juan Soto, Austin Wells, Giancarlo Stanton, Cleveland’s Bo Naylor, David Fry, Mark Leiter Jr, Leiter, Ian Hamilton, Josh Naylor, Stanton, Cade Smith, Tim Herrin, Rizzo, Smith, Babe Ruth, Aaron Judge, he’s, “, Aaron Boone, Giancarlo Stanton 😤 🎥, h., dou, nin Organizations: New York Yankees, Cleveland Guardians, American League, Yankees, Cleveland, Stanton

☆ Oil edges up, but on track for biggest weekly loss in over a month
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: +2 min

Crude oil futures inched higher on Friday, supported by a surprise drop in U.S. oil inventories and simmering Middle East tensions, but prices were headed for their biggest weekly loss in more than a month on worries of lower demand. Both contracts settled higher on Thursday for the first time in five sessions after data from the Energy Information Administration showed that U.S. crude oil, gasoline and distillate inventories fell last week. "Speculative positioning across the ICE Brent complex strengthened from historically low levels, on heightened geopolitical risk of a potential Israeli strike on Iran's oil infrastructure," Citi analysts said in a note. Citi expects global oil demand to slow to 900,000 bpd in 2025 from 1 million bpd this year on an economic slowdown and as more electric vehicles hit the road. The "potential impact of China's emerging economic stimulus plans on oil demand is uncertain, and more robust support may only result in a limited boost," it added.

Persons: Brent, WTI Organizations: Brent, West Texas, Energy, Administration, of, Petroleum, International Energy Agency, ICE, Citi Locations: San Joaquin Valley, McKittrick , California, OPEC, Israel, Iran

☆ China reports better-than-expected retail sales and industrial production data
▼ + stars: | 2024-10-18 | by ( Christine Wang | In Christinejwang | ) www.cnbc.com time to read: +1 min

China on Friday reported better-than-expected retail sales and industrial production for September. Retail sales grew 3.2% from a year ago, better than the 2.5% growth estimated by analysts in an LSEG poll, the National Bureau of Statistics said. Meanwhile, industrial production expanded 5.4% in September from a year ago, more than the 4.5% expected by analysts. He noted that year-to-date retail sales data showed "cautious sentiment among consumers." From January to September, retail sales grew 3.35%, nearly same as the growth reported for January through August at 3.36%.

Persons: Gary Ng, Ng, —, Bao Organizations: Costco, National Bureau of Statistics, Natixis, Investors Locations: Nanjing, Jiangsu Province, China . China, China, Beijing, Covid

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