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☆ CNBC Sport: Why bars and restaurants are shedding 'Sunday Ticket' subscriptions
▼ + stars: | 2024-10-17 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +29 min

As a condition of that deal, EverPass included the right to build its own commercial streaming connection for "Sunday Ticket," bypassing third-party licensing. 1) Some commercial establishments are switching to EverPass's internet product. 2) Some commercial establishments are cutting the cord on pay-TV in general. 3) Certain commercial establishments are using YouTube's "Sunday Ticket" and paying residential prices (about $500 per year) instead of the higher business rates. 3) Certain commercial establishments are using YouTube's "Sunday Ticket" and paying residential prices (about $500 per year) instead of the higher business rates.

Persons: Alex Sherman, DirecTV's, What's, EverPass, Lillian Rizzo, –, Everpass, It's, Craig Kilborn, Val Ackerman, Ackerman, that's, We're, Alex, you've, they're, Jeff Shell, Tom Brady, Tom Wagner, CNBC's Michael Ozanian, Jessica Golden, Brady, He'll, Wagner, Warner, Jake Piazza, CNBC's Rizzo, Nielsen, That's, — Ian Charles, Arctos, Charles, NBC's Peacock, Christian Miller, Miller, Adam Silver doesn't, Jim Dolan, Abu, Greg Norman, Norman, Rory McIlroy, Tiger Woods, Chiney Ogwumike Organizations: CNBC, NFL, Google, YouTube, DirecTV, EverPass Media, RedBird Capital Partners, Amazon Prime, ESPN, Dish Network, Big East Conference, WNBA, Big, CNBC Sport, Skydance, Paramount Global, Shell, Paramount, Las Vegas Raiders, Knighthead, Raiders, Fox Sports, NBA, Warner Bros, Discovery, TNT, MLB, Los Angeles Dodgers, New York Mets, Mets, Revenue, League, Golden State Warriors, Boston Celtics, Philadelphia Phillies, Wall Street, Comcast, Puma, NBC News, U.S, SEC, New York Times, Sphere Entertainment, Saudi Arabia's Public Investment Fund, Sports Business, PGA, Chiney, Continent Foundation, Philadelphia Eagles, Kansas City Chiefs, Visual China, Getty, Big East Locations: Apple, New York, American, Boston , Philadelphia, Northern California, U.S, Abu Dhabi, Vegas, Queens, Africa, Newport Beach , California

☆ Mark Cuban will campaign for Kamala Harris in 3 key swing states
▼ + stars: | 2024-10-17 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Billionaire Mark Cuban is hitting the stump for Kamala Harris. AdvertisementWhile former President Donald Trump turns to Tesla CEO Elon Musk, Vice President Kamala Harris has a billionaire of her own to help the campaign's home stretch. Harris will stump with billionaire investor and former "Shark Tank" star Mark Cuban on Thursday in Wisconsin. Cuban's campaign appearances come amid speculation that the billionaire might aspire to join Harris' administration if she wins the election. During a previous press call hosted by the Harris campaign, Cuban conceded that Gensler's actions remain an open wound.

Persons: Mark Cuban, Kamala Harris, Harris, —, Donald Trump, Elon Musk, Doug Emoff, Trump, Gary Gensler, Cuban Organizations: Service, Trump, Securities and Exchange, cryptocurrency, Cuban, Politico, SEC, Dallas Mavericks Locations: Wisconsin, Cuban, Harris, Arizona, Michigan, Butler , Pennsylvania

☆ Many of the small business owners Harris is targeting say they've never heard of a key economic proposal
▼ + stars: | 2024-10-16 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +6 min

Harris has proposed expanding the small business tax deduction ten-fold, from $5,000 to $50,000. Five female entrepreneurs told BI that many small business owners aren't aware of the plan. Only one of them, she said, reached out to inform her about Vice President Kamala Harris' proposal to increase the small business tax deduction tenfold. Oswald thinks that small business advocacy organizations and financial institutions that provide loans should send the word out about candidates' proposals. Related storiesAnne Zimmerman, 71, co-founded one such organization, Small Business for America's Future, in addition to her Ohio-based accounting firm for small businesses.

Persons: Harris, —, Ashley Storck, Kamala Harris, Storck, — she's, Joe Biden, Rhett Buttle, Biden, Hama Hinnawi, Patricia Oswald, Hinnawi, Oswald, Anne Zimmerman, there's, You've, Zimmerman, Taylor McCleneghan, Mary Hansen Organizations: Service, White, Small Business, Business Development Center, Small, America's, Trump, Republican, American University Locations: Madison , Wisconsin, Ohio, Wisconsin, Michigan, Pennsylvania, Chicago

☆ An incoming 'M&A supercycle' wouldn't just be a win for dealmakers
▼ + stars: | 2024-10-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, Goldman Sachs' earnings result might be a sign of the long-awaited return of M&A . The big storyM&A for allWin McNamee/Getty ImagesDon't look now, but M&A might finally be coming back. Goldman Sachs, Wall Street's perennial M&A king, smashed analysts' third-quarter expectations , notching $3 billion in profits. One analyst took things a step further, floating the idea of an "M&A supercycle" once the money that's been sitting on the sidelines finally gets put to work.

Persons: —, Goldman Sachs, Win McNamee, Insider's Reed Alexander, David Solomon, that's, Jenny Chang, Rodriguez, Mariana Bazo, Tyler Le, TSMC, Biden, Donald Trump, Elon Musk, TK, Alex Brandon Elon Musk, Kamala Harris, Alain Tascan, Jeet Shroff, Shroff, Morgan Stanley, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, LaGuardia Airport, Getty, BI, Monetary Fund, Chartered, Apple, Bloomberg, Google, Trump, PAC, America PAC, AP, Trump PAC, Epic, Discover Financial Services Locations: Midtown Manhattan, China, lockstep, New York, London

☆ House Republican spurns Trump and writes in Ron DeSantis for president — and himself for VP
▼ + stars: | 2024-10-16 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

Rep. Thomas Massie, a Republican from Kentucky, did not vote for Trump. Instead, he wrote in Ron DeSantis — and wrote his own name in for VP. AdvertisementRep. Thomas Massie, an idiosyncratic libertarian who represents a deep-red Kentucky district, is not voting former President Donald Trump in the 2024 election. "I do NOT recommend this," Massie wrote, "unless you're in a state where the outcome is already decided." 😂 pic.twitter.com/neHsEopt9H — Thomas Massie for Congress (@MassieforKY) October 15, 2024It's not entirely surprising that Massie would decline to cast his vote for Trump.

Persons: Thomas Massie, Ron DeSantis —, Massie, Trump, —, Donald Trump, Ron DeSantis, ong, ike J Organizations: Republican, Trump, Service, Florida Gov, Kentucky, ust Locations: Kentucky, Florida

☆ Harris is working hard to court small business owners as some have never heard of a key proposal
▼ + stars: | 2024-10-16 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +6 min

☆ Small Business Administration disaster loan program exhausts funds after Hurricane Helene
▼ + stars: | 2024-10-15 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

WASHINGTON — The Small Business Administration said on Tuesday it has exhausted funds for its disaster loan program following increased demand from Hurricane Helene, with Congress being in recess. “Until Congress appropriates additional funds, the SBA is pausing new loan offers for its direct, low-interest, long-term loans to disaster survivors,” the SBA said in a statement. “However, SBA is encouraging individuals and small businesses to continue to apply for loans given assurances from congressional leaders that additional funding will be provided upon Congress’ return in November.”The devastating Hurricane Helene killed more than 200 people in six U.S. states, nearly half of the victims in North Carolina alone. President Joe Biden has said he believes Congress, whose members are currently in recess, should come back into session to address disaster relief funding needs. Members of the House of Representatives and Senate are not scheduled to return to Washington until after the Nov. 5 election.

Persons: WASHINGTON, Hurricane Helene, Congress ’, Helene, Joe Biden Organizations: Small Business Administration, SBA, Congress Locations: Hurricane, “, North Carolina, Washington

☆ From solitary confinement in China to self-exile in Taiwan: Inside a Hong Kong bookshop owner's fight to keep the free press alive
▼ + stars: | 2024-10-15 | by ( Huileng Tan | ) www.businessinsider.com time to read: +11 min

AdvertisementThe acute lack of customers was somewhat surprising, given that Causeway Bay Books is pretty well-known. It all started in Hong KongFor 20 years, Lam founded and managed the original bookstore in Hong Kong — set up in and named after a vibrant district on Hong Kong Island. But the people who go to Causeway Bay Books — whose mainstays are books on politics and history — know what they are looking for. You shouldn't call it Hong Kong but Chinese Hong Kong," Lam said. Although he still misses Hong Kong from time to time, he says it's no longer the place he once knew.

Persons: kee, Lam, —, Hong Kong —, Kongers, Xi Jinping's, Ben Cheng, Huileng Tan, Hong Kongers, Taipei —, Wang, boisterously, Hong, China —, Hong Kong's, Zero, Peter Parks, Cheng, it's Organizations: Chinese Communist Party, Service, Taiwan Beer, Congressional, Commission, Taiwan, Fo Guang, New Taiwan, Hong Kongers, National Taiwan Normal University Locations: Lam, Hong Kong, Taipei, Taiwan, China, Beijing, Fo Guang University, Hong, America, AFP

Black men have historically voted overwhelmingly for Democratic candidates, with turnout typically lagging that of Black women but consistent nonetheless. Even a relatively small drop in support from Black men for Harris could be significant given the razor-thin margins in battleground states. “Black men prioritize being the primary breadwinners of the household and care about real wages and permanent jobs. The Harris campaign also plans to ramp up its programming specifically designed to engage Black men. This week, it is set to partner with Black male celebrities, influencers and activists to hold “Black Men Huddle Up” events in battleground states, NFL and NCAA watch parties that will double as an avenue for Black men to discuss the stakes of the election.

Persons: Kamala Harris ’, ”, Michael Tyler, Harris, Walz, ” Harris, Cedric Richmond, Joe Biden, Donald Trump, Barack Obama, “, ” Obama, “ I’ve, Black Republicans pounced, chastising, ” Sen, Tim Scott, Obama, They’ve, Obama’s, ” “, ’, Trump, “ Obama, Kamala, Black, Lil Wayne, ” Janiyah Thomas, Byron Donalds of, Wesley Hunt, Scott, That’s, Leo Smith, She’s, ” Smith, Harris ’, Brian Kemp, Stacey Abrams, Omar Ali, surrogates, Dilawar Syed, ” Ali, Ali, Roland Martin, Justin Carter, Stephen Jackson, Matt Barnes, Jermaine Dupri, John Legend, Magic Johnson, we’ve, ” Johnson Organizations: Republicans, Democratic, Black, Trump, New York Times, Siena, Howard University, Black Republicans, Democratic Party, Democrat Party, NBC News, Biden, and, Georgia Republican Gov, Small Business Administration, NBA, “, NFL, NCAA Locations: Pittsburgh, Atlanta, Byron Donalds of Florida, Wesley Hunt of Texas, Cognac, Charlotte , North Carolina, Georgia, campaign’s Georgia, Greenville , North Carolina, Milwaukee, Flint , Michigan

☆ Harris proposes 1 million forgivable loans to Black entrepreneurs, as Trump makes inroads
▼ + stars: | 2024-10-14 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

Vice President Kamala Harris unveiled an "Opportunity Agenda" proposal for Black men Monday, which includes plans to provide 1 million forgivable loans to Black entrepreneurs and new pathways to help Black Americans succeed in the legalized marijuana industry. "This agenda is a further realization of Vice President Harris' Opportunity Economy," said former Rep. Cedric Richmond, a Harris campaign co-chair, in a statement. Where Black men are equipped with the tools to thrive: to buy a home, provide for our families, start a business and build wealth." The plan outlined Monday would provide 1 million fully forgivable loans of up to $20,000 to Black entrepreneurs and others to start a business. Black men make up less than 2% of public school teachers in the U.S., according to the findings of the National Teacher and Principal Survey for the 2020-21 school year.

Persons: Kamala Harris, Harris, Cedric Richmond, Donald Trump Organizations: Democratic, U.S, Michigan U.S, Republican, Small Business Administration, Public, National, Survey, Biden Locations: Redford Charter Township, Michigan, U.S, United States

☆ Why small stocks are 'ripe' for gains ahead of the November election, according to Cantor Fitzgerald
▼ + stars: | 2024-10-14 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

Small stocks historically see big upward moves near presidential elections, Cantor Fitzgerald says. AdvertisementSmall-cap stocks are set for a catch-up amid a confluence of perfectly aligned factors ahead of the presidential election, Cantor Fitzgerald says. Johnston also forecasts increasingly higher odds of a Trump win, which would benefit small stocks even more. Those factors would increase investors' confidence and encourage more rotation into riskier, underperforming small stocks. AdvertisementJohnston's comments come as others have warned of uncertainty looming over markets ahead of the upcoming presidential election.

Persons: Cantor Fitzgerald, —, Russell, Donald Trump, Stocks, Eric Johnston, Johnston, Kamala Harris, Harris, Trump Organizations: Trump, Service, Democratic Locations: The Russell, RealClearPolitics, China

☆ Don't let September's jobs report fool you — the labor market is still deteriorating at a worrying rate, economists warn
▼ + stars: | 2024-10-13 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Small businesses also face tight credit conditions and are slowing hiring. AdvertisementThe September payrolls report seemed to switch the investor narrative around the labor market on a dime. Given the usual lags involved between changes in rates and activity, things will probably get worse for small businesses before they get better." "The labor market is not out of the woods just yet, and I continue to see another hiccup in the jobs market before year-end," Dutta wrote. AdvertisementStill, it's unclear how much pressure the labor market will come under in the months ahead.

Persons: —, bearish David Rosenberg, Rosenberg, Merrill Lynch, Samuel Tombs, Tombs, Neil Dutta, Dutta Organizations: Service, Fed, September's, Rosenberg Research, Pantheon, Macro Research, The Conference Board

☆ Op-ed: Here's how to incentivize your kid to start investing for retirement
▼ + stars: | 2024-10-13 | by ( Winnie Sun | ) www.cnbc.com time to read: +6 min

While you're doing so, it's also important to consider what counts as "earned income" for a child's Roth IRA. The maximum annual contribution for 2024 is $7,000 or the total of the child's earned income for the year — whichever is less. For instance, if a 16-year-old works at a coffee shop and earns $4,000 over the summer, that $4,000 qualifies as earned income. Earnings from a part-time job, such as working at a grocery store, fast food restaurant, or retail shop, count as earned income. For instance, if a 16-year-old works at a coffee shop and earns $4,000 over the summer, that $4,000 qualifies as earned income.

Persons: Momo, you've, Roth, it's, child's Roth Organizations: Stone, child's Roth IRA, Facebook, IRS

Polling has consistently found that Biden is a drag on Harris' candidacy and that voters are eager for a new direction. But Harris has been reluctant to be critical of Biden by outright critiquing his presidency. Harris would seek to distance herself from Biden somewhat delicately, likely giving the White House a heads up before doing so, three of the people familiar with the discussions said. Just hours after her interview on “The View,” Harris faced the same type of question by Stephen Colbert, who asked what major changes would be clear in a potential Harris administration and what might stay the same. Harris delivered a similar answer during her debate with Trump last month, which Biden took particular note of, NBC News has reported.

Persons: WASHINGTON, Kamala Harris ’, Joe Biden, Harris ’, Biden —, Donald Trump, Harris, Biden, “, Trump, ”, ” Trump, Kamala Harris, ’, ” Harris, Stephen Colbert, I’m Organizations: Republican, White, ABC, Trump, NBC News Locations: “, Pennslyvania

And they are long-shot races, especially during a presidential election, when ticket-splitting isn’t as common as it used to be. In Florida and Texas, Democrats are focusing on state abortion bans to try to push beyond their recent losses in those states. Cruz’s campaign spent almost $5 million on ads in September and $4 million in the first 10 days of October. The spending disparity is less stark in Florida, where in September Mucarsel-Powell’s campaign spent $8.6 million and Scott’s campaign spent $2.1 million. In Maryland, the Senate race features a similar dynamic, with the race rated by Cook as “Likely Democrat,” even though Harris is expected to win there easily.

Persons: Donald Trump, Kamala Harris, Larry Hogan, Colin Allred, GOP Sen, Ted Cruz, Debbie Mucarsel, Powell, Rick Scott, Sen, Andrew Harnik, Allred, Cruz, Scott, “ There’s, they’ve, Scott “, “, ”, ” Cruz, Angela Alsobrooks, Michael Ciesielski, haven’t, Amy Walter, Dan Osborn, Deb Fischer, Cook, Harris, Hogan, Alsobrooks, ” Alsobrooks, ” Sen, Anna Rose Layden, Osborn, ” Osborn, Bernie Sanders ’, Pete Ricketts, Fischer, Derek Oden, Dan Osborn isn’t, Oden Organizations: Senate, Republicans, Gov, Democratic Senatorial, Democratic, GOP, Lone Star State, Sunshine State, Capitol, PAC, state’s Republican Party, Republican, NBC News, Democrats, Texans, Democrat, Maryland Public Television, AP, “, “ Lean Republican, Prince George’s, National Republican, Committee Locations: Florida , Texas , Nebraska, Maryland, Florida, Texas, Nebraska, ” In Texas, Cruz, Cancun, Harris County, America, Owings Mills, Md, Montana and Ohio, Michigan, Arizona, Pennsylvania

The group, calling itself Riverfolk Rescue, has since grown to nearly 200 volunteers who are reaching isolated communities, dropping off supplies and shoveling mud across western North Carolina. Sarah Beth Neal, bottom, with Riverfolk Rescue volunteers. The group’s team in Florida is still assessing the situation there, but local responders so far appeared to have things handled, Neal said. Vast quantities of reddish-brown mud are an added obstacle, said Alexander Smith, a Riverfolk Rescue volunteer. Riverfolk Rescue vehicles drive under a downed tree.

Persons: he’d, didn’t, Tim Rogers, ” Rogers, “, ” Neal, she’d, Neal, Sarah Beth Neal, There’s, Alexander Smith, ”, Hampton, Kristin Kastelic, Kastelic, It’s, ” Kastelic, who’d, ’ ” Organizations: Hampton, U.S . Geological Survey, Facebook, Riverfolk Rescue, East, NBC Locations: Hampton, Charlotte, N.C, “, Sweetwater , Tennessee, North Carolina, Florida, NC, U.S, Tennessee, Bryson City , North Carolina, Smoky, Asheville

On Wednesday, House Democratic Caucus Chair Pete Aguilar, D-Calif., joined Rep. Susan Wild, D-Pa., here on a tour of Latino-owned small businesses. Though she is the incumbent and older than Mackenzie, Wild, 67, labeled Mackenzie, 42, a “career politician,” noting he has served in elected office for 12 years — twice as long as her. “She has a failed record on border security,” Mackenzie said in a Thursday interview after a rally with Johnson in Hellertown. “Every state is a border state, as we say, because they opened the border wide, and ya’ll, they did it intentionally, OK? A recent NBC News/Telemundo/CNBC poll found that support for Harris among Latino voters is at 54%, the lowest level in the past four presidential election cycles.

Persons: Pete Aguilar, Susan Wild, Mike Johnson, Ryan Mackenzie, Hakeem Jeffries, Katherine Clark, Mackenzie, ”, Wild, ” Wild, “, Joe Biden, Donald Trump, Aguilar, Billy Joel, —, Matthew Tuerk, Tuerk, Scott Wong, Del Abuelo, Kamala Harris ’, Charlie Dent, Milou Mackenzie, “ She’s, Greenberg Lemus, Del, she’s, ” Mackenzie, Johnson, ” Johnson, Trump, Harris, he’s, hasn’t, Victor Martinez, He’s, Tim Walz, Martinez, It’s, She’s, mischaracterize, he's, you’re Organizations: Congressional, House Democratic, GOP, Republican, NBC, Republicans, Census, Allentown, El, El Tablazo, Democratic, La, Democrat, Steel, Bethlehem Steel, NBC News, Telemundo, CNBC, Allentown’s Puerto Rican Parade, Dominican, ” Radio, Mega Locations: ALLENTOWN, Pa, —, Lehigh, Hellertown, D, Easton, Allentown, Pennsylvania, Aguilar, Lehigh Valley, Philadelphia, Puerto Rico, Dominican Republic, Mexico, Colombia, Guatemala, Venezuela, New York, New Jersey, U.S, Bethlehem, Dominican, Wild, Harrisburg, Mexican American, Allentown —, Reading, Puerto, ”, Mexican

“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

☆ I inherited my parents' small business even though I didn't want it. I vowed not to do the same thing to my son.
▼ + stars: | 2024-10-11 | by ( Chris Mott | ) www.businessinsider.com time to read: +5 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The family worked for years to establish their business. After 34 years, the family business had to leave its once permanent home. I kept my parents' dreams alive for a long time and kept them from being destitute and homeless. My folks wanted their legacy to live on with me at the helm.

Persons: —, grandpa, Knott's, I've, Jack Organizations: Service, Guinness, World Records, Orlando, Disney Locations: Buena Park , California, San Francisco , Louisville, Miami, Knott's

Around 400,000 claims worth $10 billion are being processed for eligible business owners who applied for tax refunds under the Covid-era Employee Retention Credit (ERC) program, the IRS said Thursday. He also highlighted recently announced tax relief for those in affected regions, including filing and payment extensions for individuals and businesses. For taxpayers with fully processed ERC claims whose mail routes have been disrupted, the U.S. The tax program allows businesses to claim up to $26,000 per employee on its payroll. “It’s past time to eliminate this fraud-ridden pandemic-era policy so we can concentrate on getting our fiscal house in order.”The tax program was originally projected to cost the government $55 billion.

Persons: Hurricane Helene, Hurricane Milton, Mike Martinez, ” Martinez, Maia Toll, Andrew Celwyn, Emily Nichols, —, Helene, Toll, Helene lobbed, they’re, ”, Sen, Thom Tillis, Tillis, “ Organizations: NBC News, ERC, IRS, U.S . Postal Service, Small Business Administration, Asheville, Intuit, SBA Locations: Hurricane, Asheville , North Carolina, Asheville, N.C, North Carolina, Philadelphia

Just over a month after the space opened to the public, it was decimated by Hurricane Helene. They developed the idea of DayTrip as a space for the queer community, featuring a bar and a coffee shop. The DayTrip before Hurricane Helene. “It looked like the building got picked up, spun around, shaken and then dropped back down.”The DayTrip after Hurricane Helene. Besides setting aside money to rebuild DayTrip, Davis said they have used funds to compensate employees, as well as donate to local volunteering efforts.

Persons: Brandon Davis, Davie, Davis, Hurricane Helene, Brandon Davis Hurricane Helene, Brandon, “, we’ve, ”, David, Meredith Sims, We're Organizations: Brandon Davis Hurricane, NBC, Asheville, NBC News, Federal Emergency Management Agency, FEMA Locations: Asheville , North Carolina, Hurricane, Florida, Appalachia, DayTrip, Buncombe County, Asheville, County

Ahead of the latest monthly inflation reading, consumers are still coming to terms with the sticker shock of everyday goods and services prices — and lingering uncertainty about the economy. The pace of consumer price growth was expected to have remained largely unchanged in September, according to Dow Jones estimates. Harris has narrowed the gap in some surveys about which presidential candidate would be better on economic issues, but Trump still leads on that metric. Analysts generally agree that’s a sign the economy remains on solid footing, at least according to the data. Today’s inflation numbers could cause Wall Street to pare back expectations of an interest-rate cut at the Federal Reserve’s next meeting in November.

Persons: Dow Jones, Donald Trump, Kamala Harris, Biden, Trump, Harris, —, ”, Bill Dunkelberg Organizations: Democratic, University of Michigan Consumer Survey, Biden, AAA, Federal, National Federation of Independent Locations: November’s, pare

☆ 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

☆ FEMA was strapped for cash even before America's hurricane double whammy
▼ + stars: | 2024-10-10 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +8 min

FEMA for two months had to pause $9 billion meant for communities still recovering from past disasters. In this case, for nearly two months, FEMA hoarded $9 billion to make up for delayed funding from Congress. But Biden-administration officials warn of another shortfall as soon as January, especially after Hurricane Milton slammed into the Tampa area late Wednesday. "So if FEMA delays reimbursements, local governments have to bear those costs, and they may put off recovery efforts. FEMA officials have repeatedly said they have enough resources to respond to Hurricane Helene and now Hurricane Milton but declined to specify how much disaster aid remained available.

Persons: Milton, Helene, Hurricane Milton, Biden, Craig Fugate, Obama, Carlos Martín, Martín, Yucel Ors, Joe Biden, Mike Johnson, Hurricane Helene, Johnson, Ors Organizations: Hurricanes, FEMA, Service, Federal Emergency Management Agency, Hurricane, FEMA doesn't, Harvard University, National League of Cities, White, Republican, Fox Locations: Florida, Hurricane, Vermont, California, Pacific, Tampa, Washington, Louisiana, Milton, North Carolina , Georgia, South Carolina , Florida , Tennessee, Virginia, Asheville , North Carolina, Asheville

“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

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