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☆ Georgia's election forces voters to choose between a future with Russia or Europe
▼ + stars: | 2024-10-25 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

Supporters of the ruling Georgian Dream party at the party's final campaign rally in Tbilisi on Oct. 23, 2024, ahead of the Oct. 26 parliamentary elections. Despite its increasingly anti-Western rhetoric, Georgian Dream insists it still wants Georgia to join the EU and its election posters feature the party's logo along with the symbol of the EU. People walk past campaign posters of the ruling Georgian Dream party in Tbilisi on Oct. 22, 2024, ahead of the Oct. 26 parliamentary elections. Georgian oligarch Bidzina Ivanishvili attends the final campaign rally of the ruling Georgian Dream party in Tbilisi on Oct. 23, 2024, ahead of Oct. 26 parliamentary elections. Georgia's President Salome Zourabichvili, staunchly critical of the ruling party, addressed crowds of supporters last weekend, telling them that the vote would "demonstrate people's will for freedom, independence, and a European future."

Persons: Giorgi Arjevanidze, There's, Bidzina Ivanishvili, —, oligarch Bidzina, Salome Zurabishvili's, Vano Shlamov, Ivanishvili, Salome Zourabichvili, Zourabichvili, Salome Zurabishvili Organizations: Afp, Getty, Center for, NATO, European Union, EU, Western, Russia, Party, Institute for, Kremlin Locations: Georgian, Tbilisi, Georgia, Russia, Soviet, Russian, Moscow, Washington, Europe, Western Ukraine, Ukraine, Eastern Europe, South Caucasus, Central Asia, European

☆ Tiny house with elaborate – and erotic – frescoes unearthed at Pompeii
▼ + stars: | 2024-10-25 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —Archaeologists have uncovered a tiny house in Pompeii that is filled with elaborate – and sometimes erotic – frescoes, further revealing the ornate way in which Romans decorated their homes. This change could have occurred due to shifting trends in Roman - and particularly Pompeian - society, during the first century AD, archaeologists said. Archaeological Park of PompeiiThis latest discovery spotlights the ornate decorations that rich Romans enjoyed in their homes – several frescoes depict mythical scenes and others are decorated with plant and animal motifs on a white background. Archaeological Park of PompeiiErotic and elaborate frescoes like this have been uncovered in Pompeii before. Elsewhere in this newly excavated house, the last ritual offerings left before the eruption still remain at the household shrine, known as a lararium.

Persons: Hippolytus, Theseus, Phaedra, Adonis, Leda, ”, Gabriel Zuchtriegel, Zuchtriegel, “ Organizations: CNN — Locations: Vesuvius

☆ Skeletal remains of ‘Well-man’ linked to centuries-old Norse text
▼ + stars: | 2024-10-25 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

CNN —Researchers have connected the identity of skeletal remains found in a well at Norway’s Sverresborg castle to a passage in a centuries-old Norse text. The text is rich in detail, including full names, locations, battles and military strategy as well as Sverre’s speeches. For the latest study, Martin and his colleagues wanted to bring together historical, archaeological and genetic context for Well-man’s remains. Excavations in 2014 and 2016 unearthed more of Well-man's remains, including his skull. Norwegian Institute for Cultural Heritage ResearchA surprising portrait of Well-manAn initial radiocarbon dating analysis helped the research team confirm that Well-man’s remains were about 900 years old, which aligns with the timeline in the Sverris saga.

Persons: King Sverre Sigurdsson, —, It’s, ”, Michael D, Martin, they’re, King Sverre, King Sigurd Munn, Sverre, Munn, “, Dr, Martin Ellegaard, Agnar Helgason, King Sverre’s, ” Martin, ” Ellegaard, Maja Krzewińska, Krzewińska, ” Krzewińska, he’s Organizations: CNN —, Cell Press, Norwegian University of Science, Technology’s University Museum, Roman Catholic Church, Norwegian Institute for Cultural Heritage, Technology, Palaeogenetics Locations: Norway, Trondheim, Europe, Bergen, Sverresborg, what’s, “, Stockholm, Sweden

☆ Russia's central bank hikes interest rate to 21% to fight stubborn inflation
▼ + stars: | 2024-10-25 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +2 min

The Russian central bank raised its key interest rate to 21% on Friday. Inflation in Russia hit 8.6% year-on-year in September, well above the central bank's 4% target. It has largely been driven by heavy defense spending amid the ongoing war in Ukraine. AdvertisementRussia's central bank raised its key interest rate to a record high on Friday as inflationary pressure continues in the country. The Bank of Russia raised the benchmark rate by 200 basis points to 21%, saying inflation was "running considerably above" its July forecast.

Persons: —, Alexandra Prokopenko, Prokopenko Organizations: Service, Bank of Russia, Carnegie Russia Eurasia Center, Financial Times Locations: Russian, Russia, Ukraine, Moscow, Europe

☆ Hasan Minhaj addresses fact-checking controversy in new Netflix special
▼ + stars: | 2024-10-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +2 min

Because — I don’t know if you saw this last year — The New Yorker fact-checked my standup comedy,” Minhaj said in his special, “Off With His Head,” which premiered Tuesday on Netflix. In “The King’s Jester,” Minhaj tells a story about how he was mailed an envelope of white powder which he accidentally spilled on his infant daughter. Minhaj revealed to The New Yorker that his daughter never came in contact with the powder and was never hospitalized. An envelope with white powder was mailed to his house, however, which eventually inspired the joke. But after The New Yorker interview published a month later, it was reported that Comedy Central had opened up the search beyond Minhaj.

Persons: Hasan Minhaj, ”, “, ” Minhaj, “ It’s, embellishing, Minhaj, Trevor Noah, wouldn’t Organizations: Netflix, BMW, “, Yorker, Variety, Comedy

☆ Lost for centuries, Silk Road cities are revealed by drone technology
▼ + stars: | 2024-10-24 | by ( Hannah Peart | Hannah Peart Is An Intern In The Nbc News London Bureau. | ) www.nbcnews.com time to read: +4 min

Traversed centuries ago by camel-back traders, two long-lost medieval cities that once thrived along the ancient Silk Road have been uncovered by drones sent searching for their secrets. This groundbreaking research in southeastern Uzbekistan could shift our understanding of the Silk Road, a vast network of trade routes that spanned from China to the Mediterranean. But the new research shows the Silk Road network was larger than previously predicted. Although many large urban centers have been discovered in Central Asia, the vast majority of archaeologically documented cities are in lowland riparian settings. The research indicates the two cities produced iron or steel to sell, as well as providing fuel for Silk Road travelers, with the region being surrounded by dense juniper forests.

Persons: Michael Frachetti, Louis, Farhod Maksudov, Frachetti, Tim Williams, ” Organizations: Washington University, Uzbekistan’s National Center of Archaeology, NBC News, University College London Locations: Central Asia, Uzbekistan, China, St, Tashbulak, England, Tugunbulak

☆ Leaders meet at Commonwealth summit with slavery reparations on agenda
▼ + stars: | 2024-10-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

APIA, Samoa — The leaders of the Commonwealth grouping of nations met on Thursday ahead of a summit in the South Pacific nation of Samoa that will feature talks on climate change and the question of reparations for Britain’s role in transatlantic slavery. More than half of the Commonwealth’s members are small nations, many of them low-lying islands at risk from rising sea levels caused by climate change. Among them is Tuvalu, whose climate change minister, Maina Vakafua Talia, urged the grouping to strive for the Paris Accord’s warming goal of 1.5 degrees C (2.7 degrees F), calling new fossil fuel projects a “death sentence” for his country. Island leaders are expected to issue a declaration on ocean protection at the summit, with climate change being a central topic of discussion. “Climate change is an existential threat,” Australian Foreign Minister Penny Wong told a press conference after a meeting with counterparts.

Persons: Samoa —, King Charles, Maina Vakafua Talia, ”, Penny Wong, ” King Charles III, Queen Camilla, Chris Jackson, Charles, Antonio Guterres, Fiame Naomi Mata’afa, Anthony Albanese, Keir Starmer, Starmer, Eric Phillips, Kingsley Abbott, Frederick Mitchell, ” Abbott Organizations: Commonwealth, Government, Getty, United Nations, Australian, Caribbean Community, African Union, London University’s Institute of Commonwealth Studies, BBC, CARICOM Locations: APIA, Samoa, Commonwealth, South Pacific, Tuvalu, Paris, Apia, Zambia, Britain, France, Portugal, Bahamas, Americas, Brazil, Caribbean

☆ Living pollution-free is a ‘fundamental right,’ India’s top court says
▼ + stars: | 2024-10-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

NEW DELHI, India— Living in a pollution-free environment is a fundamental right, India’s Supreme Court said Wednesday as it urged authorities to address deteriorating air quality in the north of the country. Swiss group IQAir rated Delhi the world’s most polluted city in its live rankings. The Supreme Court pulled up the governments of both states for taking “selective action” against stubble burning, saying penal provisions were not being properly implemented. Recognizing this, the court on Wednesday directed the federal government and the governments of Delhi, Punjab, Haryana, Uttar Pradesh and the western state of Rajasthan to submit compliance reports. In Pakistan’s most populous province of Punjab, authorities have changed school timings and suspended outdoor activities because of pollution.

Persons: ”, Narendra, Marriyam Aurangzeb Organizations: Central Pollution Control Board, Supreme Locations: DELHI, India, Delhi, Swiss, Punjab, Haryana, Uttar Pradesh, Rajasthan, South Asia, Lahore, Pakistan’s Punjab

☆ Chinese influence operation targets U.S. down-ballot races, Microsoft says
▼ + stars: | 2024-10-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

An army of Chinese-controlled social media bots is attempting to influence voters in Alabama, Texas and Tennessee while denigrating Sen. Marco Rubio of Florida, according to research published Wednesday by Microsoft. The troll network has “parroted antisemitic messages, amplified accusations of corruption and promoted opposition candidates,” according to Microsoft. The bots amplified support for Blackburn’s election rival while spreading claims that she took money from pharmaceutical companies. Moore, McCaul and Blackburn are all running for re-election next month. The Microsoft researchers found the influence effort did not result “in high levels of engagement.” The report did not provide any metrics for how many Americans viewed the relevant social media posts.

Persons: denigrating Sen, Marco Rubio, Barry Moore of, Michael McCaul of, Sen, Marsha Blackburn of, Rubio, China “, Moore, McCaul, ”, Madison Green, Israel, —, China — Organizations: Microsoft, China’s Public Security Ministry, Embassy, Blackburn, Senate Intelligence Committee, Moore, Chinese Communist Party, CCP, National Intelligence, Reuters Locations: Alabama , Texas, Tennessee, Marco Rubio of Florida, Barry Moore of Alabama, Michael McCaul of Texas, Marsha Blackburn of Tennessee, Washington, China, U.S, Israel, Russia, Iran

Rapper Cardi B said Wednesday she is recovering from a medical emergency and will have to miss her performance at an Atlanta music festival this weekend. Cardi B, 32, shared no details of the medical emergency or her current condition. Love yall.”She had been set to perform at ONE MusicFest, a two-day music festival held this weekend at Central Park in Atlanta's Old Fourth Ward neighborhood, according to the festival's website. She was set to perform Saturday, along with Earth, Wind & Fire, Nelly, Fantasia, Ari Lennox and other artists. Cardi B announced the birth of her third child, a girl, with rapper Offset last month.

Persons: Cardi B, I've, Bardi, “, Nelly, Fantasia, Ari Lennox, Gunna, Jill Scott, Victoria Monét, Cardi Organizations: ONE, Central, Ward Locations: Atlanta, Atlanta's

☆ The Caspian Sea, the planet’s largest lake is shrinking fast. Experts fear it may never recover.
▼ + stars: | 2024-10-24 | by ( Laura Paddison | ) edition.cnn.com time to read: +8 min

CNN —There’s a spot on the shoreline from where Azamat Sarsenbayev used to jump into the brackish, blue-green Caspian Sea. Azamat SarsenbayevThe Caspian Sea is the planet’s largest inland sea and it’s largest lake, an enormous body of water roughly the size of Montana. NASAOver many thousands of years, the Caspian Sea has swung between highs and lows as temperatures fluctuated and ice sheets advanced and retreated. Their pupping sites in the shallower northeastern Caspian Sea are shifting and disappearing, as the animals also struggle against pollution and overfishing. Scientists counted 25,000 at one haul-out site on the Durnev Islands in the northeast Caspian Sea in 2009.

Persons: CNN —, Sarsenbayev, ”, Javanmardi, Azamat, Vali Kaleji, Matthias Prange, ” Prange, Joy Singarayer, Muhammed Enes Yildirim, Hossein Beris, University of Tehran’s Kaleji, ” Singarayer, ” Wesslingh, It’s, Kazbek Basayev, Reuters It’s, Assel Baimukanova, Kaleji, Aziz Karimov, Ilham Aliyev Organizations: CNN, NASA, Central, Caucasian Studies, University of Tehran, University of Bremen, University of Reading, Getty, University of Tehran’s, Reuters, Institute of Hydrobiology, “, Caspian, United Nations Locations: Aktau, Kazakhstan, Iranian, Rasht, Montana, Iran, Azerbaijan, Russia, Turkmenistan, Central Asia, Aral, Uzbekistan, Germany, Anadolu, Galugah, Mazandaran province, Makhachkala, Baku, COP29, ”

☆ 'I'm not excluding anything' — but it's better to be gradual, says ECB's Wunsch on rate cuts
▼ + stars: | 2024-10-24 | 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 Email'I'm not excluding anything' — but it's better to be gradual, says ECB's Wunsch on rate cutsSpeaking to CNBC's Karen Tso at the IMF annual meetings, Pierre Wunsch, head of the National Bank of Belgium and ECB Governing Council member, discussed the euro zone's monetary policy. He stressed that the central bank is data dependent and said he doesn't currently see the "need for a 50-basis point cut, but let's look at the data."

Persons: ECB's, Karen Tso, Pierre Wunsch, doesn't Organizations: National Bank of Belgium

☆ 'Everything should be on the table,' says ECB's Kazāks on possibility of a jumbo rate cut
▼ + stars: | 2024-10-24 | 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 Email'Everything should be on the table,' says ECB's Kazāks on possibility of a jumbo rate cutMārtiņš Kazāks, the governor of the Bank of Latvia and European Central Bank Governing Council member, discusses monetary policy with CNBC's Karen Tso at the IMF meetings in DC.

Persons: ECB's, Karen Tso Organizations: Bank of, European Central Bank Governing Locations: Bank of Latvia

☆ Painting by AI robot Ai-Da could fetch more than $120,000 at auction
▼ + stars: | 2024-10-24 | by ( Carlie Porterfield | ) edition.cnn.com time to read: +4 min

Editor’s Note: This article was originally published by The Art Newspaper, an editorial partner of CNN Style. CNN —Sotheby’s will sell its first work credited to a humanoid robot using artificial intelligence (AI) later this month. Portrait of Alan Turing (2024)” was created by Ai-Da Robot, the artist robot and brainchild of British gallerist Aidan Meller. The work "AI God Polyptych," by Ai-Da Sotheby’sBut Ai-Da is more than a pretty face. Read more stories from The Art Newspaper here.

Persons: CNN —, “ A.I, Alan Turing, ”, Ai, Aidan Meller, Meller, CNN’s Anna Stewart, gallerist, Da, Aidan Mellor, Mellor, Turing, Sotheby’s, “, Marcel Duchamp, Lucy Seale, ” Ai, Polyptych, I’m Organizations: The Art, CNN, United, CBS, Digital Locations: Geneva, United Nations

☆ Rate cuts isn't really a situation where ECB needs to rush, strategist says
▼ + stars: | 2024-10-24 | 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 EmailRate cuts isn't really a situation where ECB needs to rush, strategist saysGuillaume Menuet, EMEA head of investment strategy and economics at Citi Wealth, weighs in on the European Central Bank's future path for interest rates.

Persons: Guillaume Menuet Organizations: Citi Wealth, Central

☆ Gold ticks higher as safe-haven bids offset firm dollar
▼ + stars: | 2024-10-24 | by ( ) www.cnbc.com time to read: +2 min

Gold bars seen at Gold Investments bullion dealers in London, U.K., on January 15, 2014. Gold prices drifted higher on Thursday, as safe-haven demand countered a firmer dollar, while palladium hit a more than one-month peak. Spot gold rose 0.3% to $2,725.51 per ounce by 0143 GMT. A stronger dollar makes gold more expensive for other currency holders. "The Fed's monetary easing cycle, stimulus measures in China, and supply constraints will continue to drive silver prices higher into 2025 where it could potentially scale higher levels of around $45," Sachdeva said.

Persons: Kamala Harris, Republican Donald Trump, Sugandha Sachdeva, Sachdeva, Nornickel Organizations: Gold Investments, U.S, Republican, New, SS, Bloomberg News Locations: London, New Delhi, ., China, U.S

☆ Centcom Chief Data Officer Michael Foster Uses AI to Impact Defense
▼ + stars: | 2024-10-24 | by ( Rosalie Chan | ) www.businessinsider.com time to read: 1 min

Foster is the chief data officer of the US Central Command. Centcom, which heads US military operations in the Middle East, Central Asia, and parts of South Asia, has been testing out AI and computer-vision applications for the Department of Defense and adding tech talent to support its missions. Foster, part of Business Insider's 2024 AI Power List, previously helped develop big data and AI applications at several technology companies with US defense contracts, including CrowdAI and Maxar Technologies. He's also served as an intelligence officer at the National Geospatial-Intelligence Agency and as an officer in the Air Force. See Business Insider's full AI Power List

Persons: Foster, He's Organizations: US Central Command, Department of Defense, Maxar Technologies, National Geospatial - Intelligence Agency, Air Force Locations: East, Central Asia, South Asia

Amid the flurry of partnerships announced on the occasion was a deal between Reliance and Nvidia to build AI infrastructure in India. Nvidia on Thursday announced a slew of partnerships with major Indian firms and launched a Hindi language model, as the American chip company looks to ramp up business in one of the world's biggest technology markets. Nvidia also announced Nemotron-4-Mini-Hindi 4B — a small language model in Hindi, the widest-spoken of India's multitude of languages. Companies running Nvidia hardware can deploy this language model, while Indian IT consultancy Tech Mahindra is using Nvidia's model to launch its own Hindi AI model, Project Indus 2.0. "India is very, very dear to the world's computer industry, central to the IT industry," Huang said.

Persons: Huang, Jensen Huang, Akshay Kumar, Mukesh Ambani, Narendra Modi, Modi, Neil Shah, Shah Organizations: Reliance, Nvidia, Yotta, Tata Communications, Reliance Industries, Companies, Indian, Tech Mahindra, Infosys, Wipro, TCS, Reliance Jio, Ambani's Reliance Industries, Counterpoint Research, CNBC Locations: India, Mumbai, American

☆ One of our stocks is holding back the Dow as the S&P 500 and Nasdaq bounce back
▼ + stars: | 2024-10-24 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The Dow Jones Industrial Average fell modestly, under pressure from declines in Club and Dow stock Honeywell following a mixed quarter and a disappointing sales outlook. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Bonds, Jeff Marks, Jim Cramer's, Jim Organizations: CNBC, Fed, Nasdaq, Lam, Nvidia, Dow Jones, Dow, Honeywell, Jim Cramer's Charitable Locations: Central

☆ 4 ways to add gold to your portfolio as investors pile in and send prices to record highs
▼ + stars: | 2024-10-24 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

Below, two gold experts share four ways investors can add gold to their portfolios. AdvertisementIn general, physical gold is a less liquid way to own the asset and is quite costly. Synthetic gold ETFs don't hold physical gold, investing instead in gold derivatives such as futures and options. In Milling-Stanley's opinion, investing in mining stocks instead of directly investing in gold erodes some of the metal's portfolio protection, as mining stocks behave more in line with the general equity market. Royalties limit the holder's exposure to the risks associated with directly investing in mines, such as exploration, development, and regulatory compliance.

Persons: —, Jeff Muhlenkamp, they'll, George Milling, Stanley, Muhlenkamp Organizations: Service, Costco, Muhlenkamp & Company, State Street Global Advisors, Trust, MiniShares, Mining, Eagle Mines, Newmont Mining Corp, Wheaton Precious Metals Locations: Franco, Nevada

☆ Trump says US is ‘like a garbage can for the world’ as he rails against illegal immigration
▼ + stars: | 2024-10-24 | by ( Kate Sullivan | Kaanita Iyer | ) edition.cnn.com time to read: +3 min

CNN —Former President Donald Trump said Thursday the US is “like a garbage can for the world” as he railed against illegal immigration at a campaign rally in Arizona. We’re like a garbage can for the world. That’s what’s happened,” Trump said at the event in Tempe, as he criticized the Biden-Harris administration’s handling of the border. It’s a very accurate description.”The remark, coming less than two weeks from Election Day, marks the latest escalation in Trump’s anti-immigrant rhetoric as he’s made border security central to his bid to return to the White House. Harris also pushed back on the idea that she was soft on border security and immigration, saying “people have to earn it” in gaining American citizenship and that she wanted “to strengthen our border.”CNN’s Steve Contorno contributed to this report.

Persons: Donald Trump, “, what’s, ” Trump, Harris, ”, I’ve, Trump, Ohio Sen, JD Vance, Kamala Harris, ” The, Biden, Steve Contorno Organizations: CNN, Biden, Democratic, ” The Biden Locations: Arizona, Tempe, “, Springfield , Ohio, CNN’s, United States, Mexico

☆ Dollar stands tall on bets for slower Fed cuts, potential Trump win
▼ + stars: | 2024-10-24 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar traded close to a three-month high against major peers on Thursday, underpinned by expectations for a slower pace interest rate cuts by the Federal Reserve and growing bets of a possible second Donald Trump presidency. The U.S. dollar traded close to a three-month high against major peers on Thursday, underpinned by expectations for a slower pace interest rate cuts by the Federal Reserve and growing bets of a possible second Donald Trump presidency. This week, Kansas City Fed President Jeffrey Schmid said he would prefer to "avoid outsized moves", and Philadelphia Fed President Patrick Harker backed "a slow, methodical approach" to further easing. The dollar has now "punched through key technical resistance levels" against the yen, "opening the door for higher levels", Catril said. Although opinion polls indicate a neck-and-neck race with Democratic rival, Vice President Kamala Harris, cryptocurrency-prediction exchange Polymarket has seen a sharp rise in bets for a Trump win.

Persons: Donald Trump, Jeffrey Schmid, Patrick Harker, Rodrigo Catril, Catril, Trump, Kamala Harris, Christine Lagarde, Mario Centeno Organizations: U.S ., Federal Reserve, Kansas, Philadelphia Fed, Treasury, National Australia Bank, UST, Republican, Democratic, Trump, of, Traders, European Central Bank, Wednesday Locations: Japan, Sunday's

☆ 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

☆ Why Walmart stock keeps hitting new highs, making the Waltons richer than ever
▼ + stars: | 2024-10-24 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +7 min

Walmart stock has soared 58% this year to record highs, making its founding family richer than ever. Retail legend Sam Walton's three surviving children are each worth more than $100 billion. Walmart and the Waltons have benefited from a signature strategy and cost pressures on consumers. The stock surge has added more than $32 billion to the fortunes of each of founder Sam Walton's three surviving children — Jim, Rob, and Alice. But it's true the vast majority of the family fortune remains in the hands of Sam Walton's children.

Persons: Sam Walton's, —, they're, Jim, Rob, Alice, Elon Musk, David King, who've, King, Art Weinstein, Florida who's, Weinstein, Sam Walton shrewdly, . King, Jeff Bezos, Mark Zuckerberg, Sam Walton, John T, Lukas Walton, it's Organizations: Walmart, Waltons, Service, Bloomberg, Elon, Sam's, Management, Florida State University, Logistics, Procter, Nova Southeastern University, Tech, Tesla, SpaceX, Amazon Locations: Florida

Mārtiņš Kazāks, governor of the Bank of Latvia and a member of the European Central Bank's Governing Council, on Thursday weighed in on the possibility of a jumbo half-point interest rate cut for December. When asked for his views on a 50-basis rate cut by the ECB at its next meeting, he said that "everything should be on the table." "But we will have that discussion in December," he told CNBC's Karen Tso at the IMF's annual meetings in Washington, D.C. Thursday. His comments come after the ECB delivered a back-to-back interest rate cut for the first time in 13 years at its October meeting. It also comes a day after Portuguese central bank chief Mario Centeno made similar comments.

Persons: Mārtiņš Kazāks, CNBC's Karen Tso, —, Mario Centeno, Centeno Organizations: Bank of, European Central Bank's Governing, ECB, CNBC Locations: Bank of Latvia, Washington ,, Portuguese

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