DIRS.INFO The most relevant business & tech news

☆ Trump’s extreme vision for America hikes pressure on Harris
▼ + stars: | 2024-10-14 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

CNN —Donald Trump is invoking a vision of an extreme new White House term that would transform America and rock the world. And Vice President Kamala Harris has only three weeks to avert it, as she struggles to restore momentum in a neck-and-neck race to Election Day. Supporters of Vice President Kamala Harris listen to her speak during a rally at Ripon College, in Wisconsin, on October 3. With the nation in such a sour mood, Harris’ incumbency as vice president is a liability. His post underscored what Harris represents for those who fear the very real prospect of Trump’s return.

Persons: Donald Trump, Kamala Harris, Trump baselessly, Harris, “, ”, heckler, Trump, Joe Biden, Sen, JD, genuflection, Vladimir Putin, Bill Clinton, Barack Obama —, “ He’s, Jim Vondruska, Dread, Hillary Clinton, Biden, he’s, ABC’s, it’s, Trump’s, Will Harris, Brendan Smialowski, Doug Sosnik, Harris plateaued, David Chalian, Sosnik, ” Harris, Obama, ” Obama, “ Donald Trump, Chris Murphy, ” Murphy Organizations: CNN, Republican, Sunday, Fox News, Democratic, CBS, Kremlin, Trump, Ripon College, Democrats, ABC, NBC, Electoral College, White, NBC News, Air Force, Joint Base Andrews, Getty Images, Connecticut Democrat Locations: ”, Ohio, Arizona, Colorado, United States, illegals, California, Covid, Russian, North Carolina, Wisconsin, Afghanistan, Pennsylvania, Michigan, Georgia, Maryland, America, Connecticut

☆ Asia markets open higher after China weekend briefing hints at more stimulus; economic data in focus
▼ + stars: | 2024-10-14 | by ( Anniek Bao | ) www.cnbc.com time to read: +1 min

"China's growth recovery and north Asia's earnings rebound in 2024 remain our key investment themes and overweight areas," Goldman Sachs' strategists, led by Timothy Moe, wrote in a Saturday note. Asia-Pacific markets opened higher Monday, as investors assessed China's weekend press briefing and awaited a slew of economic data this week from the region. Both metrics missed expectations of economists polled by Reuters, who estimated CPI to rise 0.6% and PPI to decline 2.5%. China is set to release its trade data for September on Monday, with exports expected to rise 6%, a slower growth than 8.7% in August, while imports are estimated to grow 0.9%, compared to 0.5% in August. China watchers also look ahead to the week with a busy set of economic data, including China's third-quarter GDP, September industrial output growth, retail sales and unemployment rate.

Persons: Goldman Sachs, Timothy Moe, Finance Lan Fo'an Organizations: China's, Finance, Reuters, PPI Locations: Asia, Pacific, China

☆ Why education level has become the best predictor for how someone will vote
▼ + stars: | 2024-10-14 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +5 min

The education gap grows“The biggest single, best predictor of how someone’s going to vote in American politics now is education level. The real swing votersTo the extent that traditional swing voters are persuadable in this election, Sosnik argued they might be people like political independents or Nikki Haley Republicans. But there’s a second group of swing voters Sosnik argued is even more important. For Trump, these are non-college-educated White voters in general, particularly men, who “if they vote, you know they’re going to vote for Trump,” he said. Young voters, who are less reliable to cast ballots, also fall into this second type of swing voters, Sosnik said.

Persons: Roe, Wade, Donald Trump, Kamala Harris, Doug Sosnik, Bill Clinton’s, ” Sosnik, David Chalian, Sosnik, “, “ that’s, ”, Louis, Joe Biden, Trump, Harris, Nikki Haley Republicans, there’s, That’s Organizations: Washington CNN —, Rural, Democrats, Democratic, CNN, Democratic Party, Republican Party, Federal Reserve Bank of St, White, Lumina, Trump, Young, “ Republicans, Republican Locations: Pennsylvania, Michigan, Wisconsin, Georgia, North Carolina, Arizona, Nevada, Utah

☆ NASA launches a probe to find out if there really could be alien life on Jupiter's moon Europa
▼ + stars: | 2024-10-14 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

NASA launched Europa Clipper to see if Jupiter's moon Europa could host alien life. NASA / Jet Propulsion Lab-Caltech / SETI InstituteThe NASA mission, called Europa Clipper, aims to figure out whether the Jupiter moon and its ocean could support life. The Europa Clipper spacecraft at NASA's Kennedy Space Center in Florida. NASA/Kim Shiflett"We scientists have been dreaming about a mission like Europa Clipper for more than 20 years. An artist's concept of NASA's Europa Clipper spacecraft.

Persons: —, Laurie Leshin, Kim Shiflett, We've, Gina DiBraccio, Jordan Evans, Evans Organizations: NASA, Europa Clipper, Service, SpaceX, Jet Propulsion, Caltech, SETI, Europa, Jet Propulsion Laboratory, Kennedy Space Center, Clipper, JPL, Planetary Science Locations: Florida

☆ CNBC Daily Open: With a stagnant PPI, the Fed’s nearly at the finish line
▼ + stars: | 2024-10-14 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 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. Winning week for marketsAll major U.S. indexes rose Friday on the back of encouraging inflation data and positive earnings from big banks. That gave them a winning week. Banks' earnings in good shapeJPMorgan Chase , the biggest bank in the U.S., reported third-quarter earnings and revenue that beat estimates.

Persons: Jerome Powell, Europe's, Tesla's, Tesla, Elon Musk, Musk, of Finance Lan Fo'an, Lan, Banks, JPMorgan Chase, Wells Fargo, Goldman Sachs, Morgan Stanley Organizations: US Federal Reserve, National Association of Business Economics, CNBC, of Finance, JPMorgan, It's Bank of America Locations: Nashville , Tennessee, U.K, China, Beijing, U.S

☆ Election betting: Appeals court fast-tracks CFTC challenge to Kalshi political bets
▼ + stars: | 2024-10-14 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

A federal appeals court has fast-tracked the Commodity Futures Trading Commission's case challenging the right of the event exchange Kalshi to offer U.S. political election contracts. Kalshi touted its presidential election contracts on electronic signs in New York City's Times Square over the weekend. The CFTC told the appellate court that election contracts "are susceptible to market manipulation" and also pose a risk to election integrity or how the public views the integrity of elections. Kalshi CEO Tarek Mansour, in a statement, said his company is "confident" that the law allows election contracts. As of Monday, Kalshi had booked more than $7 million in contracts on the presidential election outcome.

Persons: Kalshi, Tarek Mansour, Mansour, Donald Trump, Kamala Harris Organizations: Long, Fitness Center, Interactive, U.S, Senate, New York City's, Appeals, District of Columbia Circuit, CFTC, Washington , D.C Locations: Virginia's, Arlington , Virginia, New York, U.S, Washington ,

☆ Obama’s reemergence on the campaign trail for Harris comes as he recognizes his own legacy is at stake
▼ + stars: | 2024-10-13 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +14 min

This past Wednesday alone, he recorded 21 videos for the Harris campaign. Obama acolytes have spent the last eight years rationalizing Trump as the last gasp backlash to the Democrat and his presidency. While most of the party leaders Harris called that Sunday afternoon, including Bill Clinton, and immediately pledged support, Obama held off. Harris advisers knew Obama and former House Speaker Nancy Pelosi favored an open process to find a new nominee. And according to people who know about the conversations, he checks in with several of his own closest aides now helping run Harris’ campaign, such as current campaign chair Jen O’Malley Dillon and his own 2008 campaign manager, David Plouffe.

Persons: Barack Obama, Obama’s, president’s, Harris, Obama, Kamala Harris, Joe Biden, Donald Trump’s, He’s, he’d, Trump, rationalizing Trump, Bruce Springsteen, ”, Hannah Hankins, ” Obama, Kai Jones, Biden, Jones, Obama “, ” Austin Davis, It’s, Hakeem Jeffries, Michelle, Jeffries, Alexandria Ocasio, Cortez, Marie Gluesenkamp Perez, Mary Peltola, Chuck Schumer, Pennsylvania Sen, Bob Casey, Casey, Elissa Slotkin, Ruben Gallego, Josh Shapiro, Arizona Sen, Mark Kelly, he’s, Kelly, “, Harris Obama, Mike Donilon, —, Bill Clinton, diehards, feckless, Nancy Pelosi, Jen O’Malley Dillon, David Plouffe, she’s, Michelle Obama, She’s, Paige Mirsky, hadn’t, ” Mirsky, Eric Swanson, Swanson, Pitt, ” Amelia Staresink, Sara Kulkarni, Eve Majewski Organizations: CNN — America, CNN, Democratic, Trump, Democrat, Netflix, House, Democratic Party, “, University of Pittsburgh, Washington, New, Democratic House, World Wildlife Federation, New York Rep, Washington Rep, Alaska Rep, Senate, Pennsylvania, Obama, August’s Democratic National Convention, White, Social Security, Republican Locations: Pittsburgh, Pennsylvania, New York, Washington, Alexandria, Michigan, Arizona, Buffalo, Canada, Grant Park

☆ Chinese finance minister hints at increasing the deficit at highly anticipated briefing
▼ + stars: | 2024-10-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

BEIJING — China's Minister of Finance Lan Fo'an told reporters Saturday during a press briefing that the central government has room to increase debt and the deficit. Economists have said China needs additional fiscal support, but Beijing has yet to announce any. He did not name specific figures and noted supporting real estate required multiple policies. In a meeting in late September, led by Chinese President Xi Jinping, authorities had called for strengthening monetary and fiscal policy support. China's retail sales grew only modestly over the last few months, and the country's real estate slump has shown few signs of turning around.

Persons: Lan Fo'an, Zheng Shanjie, Pan Gongsheng, Finance Lan Fo'an, Lan, Finance Liao Min, Xi Jinping, Ting Lu Organizations: National Development, Reform Commission, People's Bank of China, National People's Congress, BEIJING —, Finance, Nomura, National Bureau, Statistics Locations: Beijing, China, BEIJING

☆ China to increase debt issuance in bid to revive economy
▼ + stars: | 2024-10-12 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +2 min

China plans to increase debt issuance to boost its economy. It announced plans for a new fiscal stimulus package on Saturday. AdvertisementChina has announced plans to ramp up government debt issuance in a bid to boost its economy. "We will increase support for local governments in resolving government debt risks, increase debt limits on a larger scale, and support local governments in resolving hidden debts," he said. Chinese equities rallied in September on the back of a series of easing measures announced by Beijing aimed at stimulating growth.

Persons: —, Lan Fo'an, Fo'an, Huang Yan Organizations: Service, China, Asia Investment, CSI, Shanghai QiuYang, Reuters Locations: China, Beijing, Asia

☆ Hurricane Milton might cost insurers up to $50 billion — but it could have been much worse, analysts said
▼ + stars: | 2024-10-11 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +4 min

Hurricane Milton's insured losses could cost between $30 billion and $50 billion, said analysts. AdvertisementHurricane Milton stormed Florida on Wednesday, leaving an estimated $30 billion to $50 billion of insured losses, according to analysts from Fitch Ratings in a Thursday note. Milton's insured losses could range from $30 billion to $50 billion, according to Fitch, making it the largest since Hurricane Ian in 2022, which caused $60 billion in damages. According to a September report by Moody's Analytics, Hurricane Helene's insured losses were between $20 billion and $34 billion. Fitch analysts said local insurers might face insufficient reinsurance coverage to handle the losses and drive up premium rates.

Persons: —, Hurricane Milton, Milton, Alejandro Mayorkas, Fitch, Ian, Morningstar DBRS, Jefferies, Ron DeSantis, Helene Organizations: Service, Hurricane, Fitch, US Homeland, White, Morningstar, Reuters, Analytics, National Hurricane Center, Gov, Moody's Analytics, P, Global, Swiss RE Locations: Florida, Tampa, Swiss, Fitch

“We’re going to be going to the Congress. Going to need a lot more money as we identify specifically how much is needed. But discussions surrounding FEMA and disaster-relief funding have taken a sharply political bent in recent weeks, a development that may complicate discussions in Congress. “Conservative, hardcore” Republicans, Biden said “are standing up and saying, ‘It’s got to stop.’” He later called Florida Gov. In more productive conversations, Biden spoke by phone with Scott, who told CNN they discussed ways Congress could re-up funding for FEMA and SBA when the time is right.

Persons: Joe Biden, Helene, Biden, hasn’t, Mike Johnson, “ We’re, We’re, I’m, ” Biden, Isabel Casillas Guzman, ”, Johnson, Chuck Schumer, Deanne Criswell, Milton, ” Criswell, Criswell, Donald Trump, “, ‘ It’s, Ron DeSantis, Florida Sen, Rick Scott, ” Scott, Harris, Alejandro Mayorkas, –, ” Mayorkas, Trump, DeSantis, Hurricane Helene, ” DeSantis, I’ve, ” Harris, Scott, CNN’s Isabel Rosales, Brian Kemp, Kemp, …, CNN’s Ella Nilsen Organizations: Washington CNN, Milton, Federal Emergency Management, Republican, Small Business Administration, SBA, CNN, FEMA, Disaster Relief, Congress, Trump, Conservative, Republicans, Florida Gov, Homeland, Pentagon, DC, of Housing, Urban, Department of Agriculture, Lawmakers, Democrats –, CNBC, Democrat, Republican Gov Locations: Florida, Milton, Hurricane Milton, Punta Gorda, North Carolina, Washington, Hurricane, DeSantis, In Georgia

CNN —Concerns are mounting for the safety of United Nations peacekeeping forces in southern Lebanon amid Israel’s ground incursion, UN peacekeeping chief Jean-Pierre Lacroix warned on Thursday, after Israeli fire resulted in the injury of two UN troops. The UN Interim Force in Lebanon (UNIFIL) reported early Thursday that the peacekeepers were injured after an Israeli tank fired toward an observation tower at its headquarters in the southern Lebanese city Naqoura. “The IDF is operating in southern Lebanon and maintains routine communication with UNIFIL,” the IDF said in a statement after Thursday’s incident. UN peacekeepers have been stationed in southern Lebanon since 2006, per a mandate by the United Nations Security Council. Italy’s Prime Minister Giorgia Meloni summoned the Israeli ambassador in Rome on Thursday after what she described as “unacceptable” behavior by the Israeli forces.

Persons: Jean, Pierre Lacroix, Peace Operations Lacroix, ” Lacroix, ” UNFIL, ”, Farhan Haq, –, Indonesian –, Wafiq Safa, Giorgia Meloni, Stefano Messina, Yoav Gallant, “, Micheál Martin, Simon Harris, Foreign Affairs Josep Borrell Organizations: CNN, United Nations, UN, UN Security, Peace Operations, UN Interim Force, Israel Defense Forces, UNIFIL, IDF, Indonesian, United Nations Security Council, Hezbollah, Italy’s, Israel’s, Italian UNIFIL, Irish, European Union High Representative, Foreign Affairs Locations: Lebanon, Iran, Lebanese, “, Naqoura, Israel, Beirut, Italy, France, Ireland, Rome, Italian, ” France, EU

☆ Investors should take China ‘very seriously,’ fund manager says, naming a stock to start with
▼ + stars: | 2024-10-11 | by ( Nicole Teo | ) www.cnbc.com time to read: +4 min

With all eyes on China right now, one fund manager is bullish on the country regardless of any "bazooka" stimulus measures, saying investors should be getting involved. Starting on Sept. 24, China announced a string of stimulus measures aimed at boosting China's economy . Stephen Roach, for example, former chief economist at Morgan Stanley, warned investors against being too swept up in the China market rally . 'Starting point' For those looking to invest in China, Glass said a good "starting point" was Midea Group , which makes appliances and industrial robots. Analysts' average price target is 4.49 Hong Kong dollars, which gives the stock almost 30% potential downside from its current price around 6.40 Hong Kong dollars.

Persons: Steven Glass, Glass, hasn't, CNBC's, Stephen Roach, Morgan Stanley, Midea Organizations: Sydney, Pella Funds, Investors, National Development, CSI, HSBC, Generations Fund, Midea Group, China Equity, Hong, Garden Services Holdings Locations: China, Pella, Hong Kong, Shenzhen, U.S, Hong

☆ Asia markets open mostly higher after declines on Wall Street; BOK rate decision in focus
▼ + stars: | 2024-10-11 | by ( Anniek Bao | ) www.cnbc.com time to read: +1 min

Signage for Bank of Korea is displayed atop the central bank's headquarters building in Seoul, South Korea, on Thursday, Aug. 16, 2018. SINGAPORE — Asia-Pacific markets opened mostly higher Friday, breaking ranks with Wall Street that saw key benchmarks slide as investors digested a sticky U.S. inflation report. Investors in Asia are also focused on policy decisions from the Bank of Korea on Friday. South Korea's central bank is expected to deliver its first rate cut since March 2022, according to a Reuters poll, bringing down its benchmark interest rate by 25 basis points to 3.25%. The highly anticipated briefing session is expected to unveil fresh fiscal stimulus package as Beijing attempts to boost its economy.

Organizations: Bank of, Investors, Bank of Korea, China's Ministry of Finance Locations: Bank of Korea, Seoul, South Korea, South Korea's, SINGAPORE — Asia, Pacific, Asia, Korea's, Beijing

☆ Why Chinese stocks will climb another 50% from current levels, research CEO says
▼ + stars: | 2024-10-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Chinese stocks are poised for a huge run-up in the next year, according to Renaissance Macro's Jeff deGraaf. Other notable investors have been looking to buy the dip in Chinese stocks amid continued stimulus efforts. Other traders on Wall Street have shown interest in buying the dip in Chinese equities, despite fear that Beijing's economic slowdown could stick around. Other strategists on Wall Street have made bullish calls on Chinese equities in recent weeks, with eyes on continued stimulus measures in Beijing. Goldman Sachs predicted China's stock market could rally another 20%, thanks to "more substantial policy measures" and Chinese stocks being oversold, strategists said in a note.

Persons: Jeff deGraaf, —, deGraaf, Beijing didn't, Mario Draghi, Michael Hartnett, Yuan Wei, Yuan, Goldman Sachs Organizations: Service, Macro, CSI, Bloomberg, Beijing, Investors, Bank of America, Investment Fund Management Co Locations: —, Beijing, China, Wall, Shenzhen, Hong Kong

☆ False conspiracy theories about Hurricane Milton spread despite outcry from officials
▼ + stars: | 2024-10-10 | by ( Bruna Horvath | Bruna Horvath Is An Intern On Nbc News' Tech Team. | ) www.nbcnews.com time to read: +8 min

Baseless conspiracy theories about weather modification and false claims about disaster relief efforts have continued to spread on X in recent days, with misinformation about Hurricane Milton adding to a mountain of false rumors about Hurricane Helene and its aftermath. Greene has not deleted her posts referencing the conspiracy theories. In response to the challenges to Greene’s false claims, her deputy chief of staff, Nick Dyer, defended them, saying that she was actually the victim of conspiracy theories. “So when these people are espousing misinformation and conspiracy theories, then it’s like, ‘Oh, OK, well, maybe it’s true. FEMA is working to slow the spread of hurricane misinformation online.

Persons: Hurricane Helene, Marjorie Taylor Greene, ”, Greene, ‘, Joe Biden, Greene’s, “ It’s, Hugh Willoughby, “, ” Willoughby, ” Leila, Nick Dyer, Milton, Hurricane Milton, Donald Trump, Jim Jordan, Elon Musk, Angelo Fernández Hernández, Shauna Bowes, ” Bowes, ’ ” Bowes, Helene, Deanna Criswell, ” Criswell Organizations: X, NOAA, National Oceanic, Atmospheric Administration, Republican, Florida International University, Hurricane Research Division, NBC, University of Washington’s Center, Hurricane, FEMA, U.S . Ohio, Federal Emergency Management Agency, Services Program, Customs, Disaster Relief, Congress, DHS, Institute, Strategic, ISD, Homeland Security, Vanderbilt University, North Carolina Department of Public Safety Locations: Florida, Saginaw , Michigan, U.S, London, Asheville , North Carolina

At least five deaths have been confirmed in St. Lucie County on the state’s Atlantic coast, where tornadoes touched down. The city’s mayor told reporters that no serious injuries or deaths have been reported there in the wake of the storm. Ron DeSantis told reporters at a briefing Thursday morning. Search and rescue teams worked overnight to save families and pets, DeSantis told reporters. Milton made landfall just 13 days after Helene devastated the Southeast, breaking the record for the shortest amount of time between two major hurricanes in Florida.

Persons: Milton, Ron DeSantis, ” DeSantis, Hurricane Helene, ”, DeSantis, Nadia Zomorodian, Joe Biden, ” Biden, “, Helene Organizations: Gov, Residents, USA, Coast Guard, National Weather Service, Sunshine State Locations: Florida, Siesta, Tampa, St, Lucie County, St . Petersburg, Volusia County, Venice Beach, Sarasota County, Petersburg, South Daytona, Fla, Milton, Cape Canaveral, U.S, Georgia , North Carolina, South Carolina , Tennessee, Virginia

☆ Hurricane Milton slams into Florida, the latest blow to homeowners already reeling from Helene's destruction
▼ + stars: | 2024-10-10 | by ( Geoff Weiss | Reed Alexander | ) www.businessinsider.com time to read: +6 min

Hurricane Milton barreled into Florida's west coast Wednesday. AdvertisementHurricane Milton made landfall in Florida on Wednesday evening as a Category 3 storm. FEMA insisted Monday it had the "capacity to manage multiple simultaneous disasters," including Helene and Milton. As for FEMA funding, Criswell noted during the briefing that there is currently $11 billion in its Disaster Relief Fund and said she's evaluating whether it will be necessary to ask Congress for more. Advertisement"The funding is there to support Helene and Milton," Criswell said.

Persons: —, Milton, Helene, Dante Sacks, Fort Myers, we're, Sacks, It's, Helene —, Alejandro Mayorkas, Joe Biden, Deanne Criswell, Donald Trump, Criswell Organizations: Milton, Service, National Hurricane Center, Business, Sunshine State, Homeowners, —, FEMA, Homeland, Federal Emergency Management Agency, Associated Press, New York Times, CNN, Disaster Relief Locations: Florida, Siesta, Sarasota County, of Mexico, Tampa, Atlantic, Parkland, Broward County, St, Petersburg, Fort, Miami, Milton

☆ Asia-Pacific markets gain ahead of U.S. inflation data; China stocks resume rally
▼ + stars: | 2024-10-10 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

A general view of the Shanghai Securities Exchange building is being shown in Shanghai, China, on July 16, 2024. Japan's Nikkei 225 gained 0.26% to end at 39,380.89, while the broad-based Topix rose 0.2% to close at 2,71267. Traders in Asia were assessing September data on producer prices in Japan which rose 2.8% from a year ago. Economists polled by Reuters had predicted the inflation rate would come in at 2.3%, down from 2.5% in August. The rally had been triggered by a blitz of government stimulus measures at the end of September.

Persons: Australia's, Korea's Kospi, Hong, Chetan Ahya, Morgan Stanley, Ahya Organizations: Shanghai Securities Exchange, Dow Jones, Nikkei, Traders, Reuters, Investors, Holdings, Alimentation, CSI, China's Finance, Asia Locations: Shanghai, China, SINGAPORE — Asia, Pacific, 2,71267, Asia, Japan, Beijing

☆ Hedge funds do an about-face on the China trade, selling stocks in record numbers
▼ + stars: | 2024-10-10 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Hedge funds that recently flocked into Chinese stocks on stimulus hopes just did a 180. The net selling was 1.4 times larger than the previous record, Goldman said. "As NDRC underwhelmed, hedge funds rapidly sold off Chinese equities," Goldman strategists said in a note to clients on Wednesday. "Hedge funds not only unwound their long positions but added shorts to their books as well, with long sells being double the amount of short sells." Hedge funds had only just piled into the developing market at a record pace one week before , as Beijing's rare stimulus blitz unleashed newfound optimism.

Persons: Goldman Sachs, Goldman, David Tepper, Mehran Nakhjavani Organizations: National Development, Appaloosa Management, CNBC, China's CSI, MRB Partners Locations: China

“To date, GSA has entered into an MOU with the Harris transition team outlining the terms for space and services, and is prepared to provide services to the Trump transition team once an MOU is executed and services are accepted,” a GSA spokesperson said. The Harris team has also submitted its ethics plan; the Trump team has not. The federal transition coordinator, a White House spokesperson told CNN, is “actively working” with the former president’s transition team to complete its MOU. Inside Biden administration preparationsThe Biden administration began preparing for this transition in 2023, starting with the appointment of a federal transition coordinator, a senior career official who serves as the main liaison between the candidates and eventual president-elect. “We were waiting for the phone calls [from the Trump team], waiting for people to show up, and they never did.

Persons: Donald Trump’s, Max Stier, “, ”, Trump, Chris Lu, Barack Obama’s, Harris, Biden, Linda McMahon, Cantor Fitzgerald, Howard Lutnick, Joe Biden, Yohannes Abraham, ” Stier, Stier, Chris Christie, Christie, Mike Pence, Obama, Jason Miller, Aimee Whiteman, Valerie Boyd, Bush, John McCain, Lu, George W, Al Gore’s, Harris ’, Boyd, Trump’s, –, you’re Organizations: CNN, Public Service, White, Office of Management, Budget, General Services Administration, Republican, Democratic, ’, Trump, Small Business Administration, Association of Southeast Asian Nations, GSA, ”, House, New, New Jersey Gov, Biden, Activity, OMB, Center, Partnership for Public Service, Senate Locations: Indonesia, New Jersey, Florida

☆ Biden tells Trump to ‘get a life’ over storm misinformation, promises Milton survivors they’ll get the help they need
▼ + stars: | 2024-10-10 | by ( Michael Williams | ) edition.cnn.com time to read: +4 min

President Trump — former President Trump — get a life, man. But, he warned, it has only been hours since Hurricane Milton made landfall and it was still too early to fully assess damages across the state. “Vice President Harris and I have been in constant contact with state and local officials,” the president added. Federal officials warned that in some cases the rumors are designed to prevent people who need help from seeking it. Biden has also spoken with numerous other lawmakers, including staunch Trump supporter and Florida Republican Rep. Anna Paulina Luna and Florida Republican Sen. Rick Scott.

Persons: Joe Biden, Hurricane Milton —, Donald Trump, Biden, “ Mr, Trump, Trump —, Hurricane Helene, Milton, ” Biden, “ It’s, Harris, “, he’s, Ron DeSantis, it’s, DeSantis, Harris “, Deanne Criswell, Helene, Milton —, Anna Paulina Luna, Florida Republican Sen, Rick Scott Organizations: Washington CNN, Hurricane, House, White, Florida Gov, Federal Emergency Management Agency, Fox News, Biden, FEMA, Trump, Florida Republican Rep, Florida Republican Locations: Hurricane, Florida, Harris

☆ Photos show the aftermath of Hurricane Milton, Florida's 2nd massive storm in 2 weeks
▼ + stars: | 2024-10-10 | by ( Talia Lakritz | Gabbi Shaw | ) www.businessinsider.com time to read: +2 min

Hurricane Milton slammed into southwest Florida on Wednesday. AdvertisementHurricane Milton ripped through southwest Florida on Wednesday, nearly two weeks after Hurricane Helene hit Florida's Big Bend region. Hurricane Milton made landfall near Sarasota County as a Category 3 storm on Wednesday evening. Ron DeSantis said Hurricane Milton weakened before reaching the Florida coast, lessening storm surges that were predicted to be on par with Hurricane Helene. Photos show the aftermath of Hurricane Milton along Florida's coast.

Persons: Milton, —, Helene, Florida's, Hurricane Milton, Ron DeSantis, Hurricane Helene Organizations: Service, NBC News, Hurricane Locations: Florida, Bend, Hurricane, Sarasota County, St, Petersburg, Florida's

☆ Microsoft announces new AI tools to help ease workload for doctors and nurses
▼ + stars: | 2024-10-10 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +4 min

The tools aim to help health-care organizations build AI applications quicker and save clinicians time on administrative tasks, a major cause of industry burnout. The new tools are the latest example of Microsoft's efforts to establish itself as a leader in health-care AI. Courtesy of MicrosoftMicrosoft also announced a new way for health systems to build AI agents. AI agents vary in complexity, but they can help users answer questions, automate processes and perform specific tasks. For example, a health-care organization could build an AI agent to help doctors identify relevant clinical trials for a patient.

Persons: Mary Varghese Presti, we're, Sara Vaezy, Hadas Bitran Organizations: Microsoft, Microsoft Health, Life Sciences, Health, Providence Health & Services, CNBC, AI, Microsoft Microsoft, Microsoft Copilot Locations: Providence

☆ TD Bank hit with record $3 billion fine over drug cartel money laundering, source says
▼ + stars: | 2024-10-10 | by ( Jordan Valinsky | Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —TD Bank will pay $3 billion to settle charges that it failed to properly monitor money laundering by drug cartels, regulators announced Thursday. TD also intends to pay $1.8 billion to the US Justice Department and plead guilty to resolve the US government’s investigation that the bank violated of the Bank Secrecy Act and allowed money laundering. The US Department of Justice said in a statement that TD Bank had “long-term, pervasive, and systemic deficiencies” in its procedures of monitoring transactions. TD Bank declined to comment on the fine, but the bank plans to hold a call with investors later on Thursday. TD Bank’s (TD) US-listed shares slumped 5% as investors brace for higher legal expenses and weaker growth.

Persons: FinCEN, TD Bank’s, ” John Aiken, “, Allen Stanford Organizations: New, New York CNN —, Bank, US Treasury Department’s, US Justice Department, US Department of Justice, Street Journal, TD Bank, Jefferies, ”, Justice, Treasury, CNN Locations: New York

Search resuls for: "Briefing"

25 mentions found