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☆ The Fed’s rate cut had nothing to do with politics. That’s not holding politicians back
▼ + stars: | 2024-09-19 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

But in his own way (very demure, very mindful) that is what happened Wednesday when he announced the Fed’s first rate cut in four years, a giant half-point reduction that will lower the cost of borrowing and offer financial relief for consumers and businesses. Whenever a reporter asks him about politics, Powell refuses to bite. Like on Wednesday, when he was asked whether the half-point rate cut had political motivations, he responded with something approaching exasperation. It’s just maximum employment and price stability on behalf of all Americans.”Of course, that’s unlikely to stop either party from using the rate cut news to their advantage, given that the economy is the No. Trump can continue to claim that a rate cut is a sign the economy is weak.

Persons: CNN Business ’, Jerome Powell, That’s, ” Powell, “ We’re, Republican Sen, Tommy Tuberville, “, Kamala Harris, ”, it’s, It’s, Jason Furman, Donald Trump, they’re, Pubkey, ” Trump, Powell, He’s, Joe Biden, Powell isn’t, Barack Obama, don’t, Harris, Biden, Steve Sosnick Organizations: CNN Business, New York CNN, Republican, CNN, Trump, Fed’s, Governors, Interactive Brokers, Fed Locations: New York, America, Alabama, New York City, Trump

☆ The Fed’s rate cuts could have unintended consequences for the housing market
▼ + stars: | 2024-09-18 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

The market had become all but impenetrable after mortgage rates went from historic lows in 2020 to their highest levels in a generation last year. “And I think if we even go down to 5.9%, that would be really psychologically impactful to the housing market. The current 6.2% mortgage rate average is, of course, preferable to last year’s peak of 7.8% — a difference that could translate to hundreds of dollars in monthly payments. As my colleague Samantha Delouya wrote this week, a drop in mortgage rates could be a double-edged sword. “A further drop in mortgage rates could bring a surge of demand that makes it tougher to actually buy a house.”

Persons: ” Daniel Alpert, Alpert, “, ” Daryl Fairweather, Samantha Delouya, ”, Greg McBride Organizations: New, New York CNN, Federal Reserve, Westwood Capital, Fed, Bankrate Locations: New York

☆ Apple made its cheapest iPhone 16 so good there aren't many reasons you'll need the Pro version
▼ + stars: | 2024-09-18 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Unlike previous years, when the Pro was clearly more updated than lesser models, the basic iPhone 16 has more notable upgrades. The iPhone 16 comes with the customizable Action button that was previously exclusive to iPhone 15 Pro models. AdvertisementThe iPhone 16 starts at $799, and the iPhone 16 Plus costs about $899. "The key factor is the lower-than-expected demand for the iPhone 16 Pro series," he wrote. The iPhone 16 and iPhone 16 Plus come in five colors: ultramarine, teal, pink, white, and black.

Persons: —, Pro Max, bode, Cherlynn, Nilay Patel, Chi Kuo, Kuo, Siri, Max, Allison Johnson Organizations: Service, Pro, Business, Apple, Apple Intelligence Locations: Taiwan

☆ People say having teenage daughters means they'll hate you, but mine don't. They just need to be heard and have a snack.
▼ + stars: | 2024-09-18 | by ( Cailey Griffin | ) www.businessinsider.com time to read: +4 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Because I'm grounded in myself, I don't try to helicopter parent or take care of their problems for them. I listen and ask questions about their experience, while not inserting my projecting my own opinion or experience onto them. AdvertisementI prioritize apologizing to my daughters when I mess upWhen my daughters were little, I dealt with a period of undiagnosed postpartum depression. Related storiesSociety positions parenting as a hierarchy where parents lean into the idea that "I'm the parent, I'm right, and I get to treat them in certain ways, and they just have to deal with it."

Persons: Allison Tenney, I've, I'm, there's Organizations: Service

☆ Americans Really Hate the so-so Economy, Worried About Recession
▼ + stars: | 2024-09-17 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

We expected there to be a cooling labor market — that's kind of the goal — and it's always just, you know, how cool?" That being said, when it comes to the labor market … it is, in fact, so over. That's an improvement over July's 4.3% unemployment rate, but overall, the jobs market in the US is cooling off. Related stories"If you imagine a labor market like a bathtub, the bathtub is full," said Dana Peterson, the chief economist at the Conference Board. Despite the strong labor market, they're sending endless résumés into the ether without getting any bites, and they don't understand why.

Persons: I've, it's, Allison Shrivastava, Joanne Hsu, there's, Dana Peterson, Jaime, Alexis Fowler, she'd, That's, pang, Hsu, Michael Madowitz, Y, Peterson, We're, Emily Stewart Organizations: Federal, University of Michigan, Conference Board, Roosevelt Institute, Business

☆ Video: Sean ‘Diddy’ Combs’ attorney on whether the star was surprised by his arrest
▼ + stars: | 2024-09-17 | by ( Allison Love | ) edition.cnn.com time to read: 1 min

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In the battle for glory at the 76th Primetime Emmy Awards, two leading contenders have emerged: the powerful feudal lords of 17th-century Japan and the beleaguered cooks of a contemporary Chicago eatery. “Shōgun” and “The Bear” cruise into the Emmys with a ton of momentum thanks to glowing reviews and loyal fandoms. How to watch the EmmysThe three-hour telecast from the Peacock Theater in Los Angeles kicks off live at 8 p.m. He is a four-time winner at the Primetime Emmy Awards and a two-time winner at the Daytime Emmy Awards, most recently for his guest role on the soap opera “Days of Our Lives.”The list of presenters hints at a possible reunion of the stars of the NBC political drama “The West Wing,” perhaps tied to the 25th anniversary of the show’s debut. The front-runner for best limited or anthology series is Netflix’s “Baby Reindeer,” according to the awards prediction website Gold Derby.

Persons: Shōgun, They’re, Abbott, ”, Eugene Levy, Dan Levy, ” Eugene, Dan, We’re, ” Eugene Levy, Matt Bomer, Lily Gladstone, Greta Lee, Jean Smart, Kristen Wiig, Dick Van Dyke, Dulé Hill, Allison Janney, Janel Moloney, Richard Schiff, Martin Sheen, Jimmy Smits, Video’s “, Smith, “, “ Shōgun ”, NBC’s, Jeremy Allen White, Anna Sawai, Hiroyuki Sanada, Jodie Foster, Richard Gadd Organizations: Peacock, ABC, Hulu, Fox, Los Angeles Times, “, Hollywood, NBC, Apple, “ Abbott, Derby Locations: Japan, Chicago, Los Angeles, ”, “, “ Fargo

☆ What this Boeing strike is really all about
▼ + stars: | 2024-09-14 | by ( Allison Morrow | Chris Isidore | ) edition.cnn.com time to read: +6 min

New York CNN —At the heart of the Boeing strike that began Friday is a story about what happens when penny-pinching executives lose the plot and it falls to workers to get everyone back on track. If Boeing were any other business — and not a too-big-fail half of a global duopoly — it almost certainly would have declared bankruptcy. Years of pent-up resentment over Boeing’s mismanagement, combined with pandemic-era inflation and a resurgent labor movement, made this strike inevitable. Ahead of the strike, Ortberg urged workers not to strike while acknowledging their anger over nearly two decades of past contracts that downsized their retirement and health care benefits. Almost exactly one year ago, the United Auto Workers union won historic guarantees from the Big Three automakers after a seven-week strike.

Persons: —, ”, Richard Aboulafia, James McNerney, Aboulafia, Kelly Ortberg, missteps, Ortberg, Jon Holden, “, — who’ve, Dave Calhoun’s, Holden, haven’t, ” Holden, Sharon Block Organizations: New, New York CNN, Boeing, SpaceX, International Association of Machinists, United Auto Workers, Big, UAW, hardball, Harvard Law School’s Center for Labor Locations: New York, January’s, Renton , Washington, Seattle, Virginia, South Carolina, Washington, United States

☆ Sam Altman’s lesser-known crypto project wants to scan the world’s eyeballs
▼ + stars: | 2024-09-13 | by ( Allison Morrow | ) edition.cnn.com time to read: +9 min

And when that happens, he’s got another project, Worldcoin, in the works to help fix it. To do that, it’s using its proprietary, basketball-ball sized “orbs” that scan people’s eyeballs and create a unique, immutable code based on the pattern of their irises. So I sat down (virtually) with Worldcoin’s co-founder and CEO, 30-year-old Alex Blania, to discuss the project’s origins and future. CNN: A lot of Worldcoin’s focus is future-focused — targeting problems that are hard for us to imagine today. Blania: I think there’s two pieces to that.

Persons: CNN Business ’, Sam Altman, it’ll, he’s, ChatGPT, Altman, ”, AGI, it’s, VCs, Andreesen Horowitz, Alex Blania, Joseph Nair, It’s, you’ve, Worldcoin, We’ve, there’s, There’s, You’ve Organizations: CNN Business, New York CNN, Netflix, Worldcoin’s, CNN, Bloomberg, Getty, SpaceX, Apple Locations: New York, Singapore, Asia, Japan, Spain, Hong Kong, Malaysia, United States

☆ Sam Bankman-Fried files appeal nearly a year after FTX fraud conviction
▼ + stars: | 2024-09-13 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

New York CNN —Lawyers for Sam Bankman-Fried, the convicted former CEO of crypto exchange FTX, filed an appeal Friday, claiming he was denied a fair trial last fall and seeking new proceedings under a different judge. Bankman-Fried, 32, was sentenced to 25 years in prison after a jury convicted him on multiple federal counts of fraud and conspiracy in November. Two years after FTX collapsed in the midst of a cash crunch, Bankman-Fried is arguing that he didn’t get a fair shake in his trial. The court, they say, prohibited Bankman-Fried from introducing evidence of solvency for FTX and its sister firm, Alameda. Ellison pleaded guilty in cooperation with the government and became a star witness against Bankman-Fried during his trial.

Persons: Sam Bankman, FTX, Fried, Lewis Kaplan, ”, Caroline Ellison, Ellison Organizations: New, New York CNN, ”, Bankman Locations: New York, Bankman, Alameda

☆ As a single mom, having 3 kids makes it hard to get work done. I wouldn't trade them for all the productivity in the world.
▼ + stars: | 2024-09-13 | by ( Allison Langer | ) www.businessinsider.com time to read: +7 min

Yesterday, I got to my desk, ready to put the last touches on the book I'm writing with my friend Clifton Jones, who is in prison in Florida and goes by the name "Too Tall." I'm not that mom who heads to the pediatrician the second my kid complains. Even when I carve out time for work, the universe has other plansFor a second, I considered sending her there alone. I really thought I'd be ready to push my firstborn out the door, but it turns out I'm not that mom, after all. He's ready, I know that, but I'm still sad he's leaving.

Persons: Clifton Jones, texted, hadn't, I'm, It's, puffy, Bond, he's, I've, Allison Langer, it's, he'd, I'd, We're, Fleisher Organizations: Service, Business, Walgreens, Nice Locations: Florida, Hood River , Oregon

☆ Trump is drowning in the misinformation swamp he helped create
▼ + stars: | 2024-09-12 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —The Republican nominee for president went on live TV and presented an unhinged, debunked Facebook rumor as fact. Scrolling on Facebook or X, it’s hard not to see some of that chaos creeping into the mainstream. Just a few weeks ago, the former president posted an AI-generated image on his Truth Social platform that suggested Taylor Swift had endorsed him. Of course, it was a fake image — the same kind of obvious AI slop that has overrun Facebook and X. Either Trump didn’t know the image was fake, or he didn’t mind lying to his followers and perpetuating the fake endorsement.

Persons: CNN Business ’, Donald Trump, ”, “, Jake Tapper, It’s, Clare Duffy, Elon Musk, ” Musk, there’s, Alex Brandon, Barack Obama, Taylor Swift, Trump, he’s, Kamala Harris, Swift, JD Vance, who’s, “ Fine Taylor Organizations: CNN Business, New York CNN, Republican, 4chan, Meta, Trump, AP, Facebook Locations: New York, Ohio

☆ What is ‘founder mode?’ The meaning behind the latest Silicon Valley buzzword
▼ + stars: | 2024-09-11 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —The battle over “founder mode” versus “manager mode” is one of those manufactured dramas that only a small segment of the world cares about — like going to Davos or Cannes or the Vanity Fair Oscar Party. The idea is that a founder knows their company the way a parent knows their child. Graham doesn’t really define founder mode because every founder and every firm is different. I’ll offer another: Ray Dalio, the founder of Bridgewater, one of the world’s biggest hedge funds. The most successful “founder mode” guys (they’re almost all male, as far as I can tell) seemed to always have a trusted manager by their side.

Persons: CNN Business ’, Paul Graham, Graham, ” Graham, Brian Chesky, Chesky, Steve Jobs, It’s, Graham doesn’t, Jobs, Jeff Bezos, Elon Musk, Nvidia’s Jensen Huang, Ray Dalio, narc, Rob Copeland, ”, Rich Hagberg, Ashley Herd, Jessica Lessin, “, Tim Cook Organizations: CNN Business, New York CNN, Bridgewater, New York Times, LinkedIn Locations: New York, Davos, Cannes, Silicon Valley

☆ Putin would 'eat you for lunch' Harris tells Trump, in bitter clash over Russia and Ukraine
▼ + stars: | 2024-09-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +2 min

Donald Trump and Kamala Harris enter Tuesday's debate in search of the same goal, a moment that will help them gain the edge in a race polls show is essentially tied. Photographer: Allison Joyce/Bloomberg via Getty ImagesRepublican presidential nominee Donald Trump and his Democratic rival, Vice President Kamala Harris, clashed repeatedly over Russia, Kremlin leader Vladimir Putin and the war in Ukraine in Tuesday night's closely watched Presidential Debate. Harris told Trump, who previously served as U.S. president, that Putin "would eat you for lunch" and said that, if the Republican were to become president, "Putin would be sitting in Kyiv right now." Otherwise, Putin would be sitting in Kyiv with his eyes on the rest of Europe. Starting with Poland," she said, before describing Putin as "a dictator who would eat you for lunch."

Persons: Donald Trump, Kamala Harris, Allison Joyce, Vladimir Putin, Harris, Trump, Putin, wouldn't, — Organizations: Art House Theatre, Bloomberg, Getty Images, Democratic, Kremlin, Republican, U.S, NATO, ABC Locations: Fayetteville , North Carolina, Russia, Ukraine, Kyiv, Europe, Poland, Moscow

☆ RFK Jr. must be removed from North Carolina ballots, state Supreme Court rules
▼ + stars: | 2024-09-10 | by ( Zoë Richards | Zoë Richards Is A Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

The North Carolina Supreme Court ruled Monday to remove former independent presidential candidate Robert F. Kennedy Jr. from state ballots ahead of the general election. The 4-3 ruling upholds an appeals court ruling Friday that said Kennedy’s name should be taken off the ballot. A lower court had previously denied Kennedy’s effort to be removed. “But that is a price the North Carolina Constitution expects us to incur to protect voters’ fundamental right to vote their conscience and have that vote count.”Justices Anita Earls, Richard Dietz and Allison Riggs dissented. A spokesperson for the North Carolina State Board of Elections did not immediately respond to a request for comment about the court's decision or the new timeline for ballots.

Persons: Robert F, Kennedy Jr, “, Trey Allen, Anita Earls, Richard Dietz, Allison Riggs, Kennedy, Donald Trump, Monday's Organizations: North Carolina Supreme, State, North, Michigan’s, NBC News, North Carolina State Board, Trump Locations: North Carolina

☆ The two words Apple never mentioned at its iPhone 16 event
▼ + stars: | 2024-09-10 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Apple is wedging AI into its phones like a new U2 album no one asked for. However, given the “Apple Intelligence” highlights the company previewed in June and officially rolled out Monday, investors and customers alike may want to temper their expectations. Even Apple seemed to hedge a bit: It never mentioned the words “artificial intelligence.”The new tools look … fine. Munster expects iPhone sales will exceed Wall Street’s estimates in the coming quarters. The always image-conscious Apple knows better than to fall into the “AI” trap, even if its whole pitch for the new iPhone is AI.

Persons: CNN Business ’, you’ll, Siri, You’ll, ”, Gene Munster, Justin Sullivan, Tim Cook, ChatGPT, Apple Organizations: CNN Business, New York CNN, Apple, Deepwater Asset Management, Munster, Apple Intelligence, Wall, of Hospitality Marketing, Management Locations: New York, Valley, Silicon Valley

☆ American fast-food giants are going big on a China wager, betting they can get the country's new middle class to love them back
▼ + stars: | 2024-09-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +11 min

An expansion rate surpassing America'sKFC, run by Shanghai-headquartered Yum China, has historically enjoyed the lion's share of the country's fast-food cravings. Hopes for a new middle class in ChinaCities in China are unofficially grouped into tiers according to their status, size, and wealth. Chinese KFC has nearly doubled its menu itemsExpanding during a sluggish economy might make sense for fast food brands, which are often classified as recession-proof as consumers downgrade their spending. Advertisement"Now, they are doubling down further on this strategy by expanding into the inland regions of China, especially Tier Three and Tier Four cities with a growing middle class," they told BI. Yum China has also been expanding aggressively in the country's burgeoning coffee scene, establishing a popular spin-off called KCoffee.

Persons: —, It's, McDonald's, Shaun Rein, Rein, Allison Malmsten, Malmsten, Cui Nan, Wang Gang, Jonathan Bernstein, Bernstein, Kung Fu, Daxue, it's, They've Organizations: Service, Thursday, Business, McDonald's, Tier, China Market Research Group, KFC, LONG, Future Publishing, Getty Images, China, US, Yum China, Daxue Consulting, Publishing, China News Service, Getty, Analysts, Yonder Consulting Locations: China, Kentucky, Weibo, Hangzhou, China's, Shanghai, China Cities, Beijing, Guangzhou, Shenzhen, Chengdu, Chongqing, Nanyang, Suqian, Jiangsu, London, Asia, Shanghai thronged

☆ RFK Jr. off North Carolina presidential ballot, state Supreme Court rules
▼ + stars: | 2024-09-10 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +4 min

Former independent presidential candidate Robert F. Kennedy Jr.'s name must be removed from North Carolina's November ballot, the state's Supreme Court ordered. The 4-3 decision by North Carolina's high court came hours after the Michigan Supreme Court ruled that Kennedy's name had to stay on that state's ballot over his objections. In all three states, Trump polls better in a two-candidate race than he does in a six-candidate race. The state Supreme Court ruling acknowledged "that expediting the process of printing new ballots will require considerable time and effort by our election officials and significant expense to the State." "But our election officials are professionals, and I have no doubt we will rise to the challenge," Bell said.

Persons: Robert F, Kennedy Jr, Donald Trump, Kamala Harris, Trump, Harris, Kennedy, Trey Allen, Allen, Trey, Anita Earls, Allison Riggs, Richard Deitz, Karen Brinson Bell, Bell Organizations: Libertarian Party's, Democratic, . North Carolina, Electoral, North, Michigan Supreme, Trump, White, Republican, U.S . Department of Defense Locations: Washington , U.S, North, Harris, North Carolina, RealClearPolling, ., Wisconsin, Carolina

☆ Video: Mike Johnson says House report reflects ‘Kamala Harris’ own admission’ in US withdrawal from Afghanistan
▼ + stars: | 2024-09-10 | by ( Allison Love | ) edition.cnn.com time to read: 1 min

People walk past an Apple store in the Americana at Brand shopping center on December 26, 2023 in Glendale, California. Apple Intelligence — the collective brandname for all of Apple’s own AI tools — is intended to be more of a personal assistant than anything else. What about your data: Since Apple Intelligence and ChatGPT will be used for largely different purposes, the amount and type of information users send to each AI may be different, too. While Apple users will have to send their personal information and AI queries to OpenAI if they want to use ChatGPT, Apple has said that most of the time Apple Intelligence won’t be sending user data anywhere. As much as possible, Apple will try to process AI prompts directly on your device using smaller AI models.

Persons: Mario Tama, you’ve, ChatGPT, Siri, Apple Organizations: Apple, Brand, Apple Intelligence Locations: Glendale , California

☆ Companies are caving to anti-DEI crusaders. That’s bad for business
▼ + stars: | 2024-09-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

(And in doing so, gave rise to a generation of hilarious “That’s why, for this pride month, I’ve partnered with” memes. But more damaging than the cringe of a tone-deaf tweet about diversity is when companies give up on the performance altogether. This week, Molson Coors, a longtime sponsor of Pride events and partner to LGBTQ+ nonprofits, joined the list. A Molson Coors representative declined to comment beyond the memo. Coors Light may have looked at its rival getting pummeled by right-wing pundits and feared being the next target.

Persons: CNN Business ’, Kendell Jenner, I’ve, John Deere, Davidson, Molson Coors, Coors, Robby Starbuck, ”, Nathaniel Meyesohn, Starbuck, George Floyd, Bud Light, Cait Lamberton, “, you’ve, pummeled, they’re, Tom Sebok, Molson, Sebok Organizations: CNN Business, New York CNN, Pepsi, Harley, Tractor Supply, Molson Coors, Molson, Human Rights, Coors, DEI, University of Pennsylvania’s Wharton School of Business, The New England Consulting Locations: New York, America, United States

☆ Jessica Fern's 'Polysecure' promised a world beyond monogamy. She didn't say it would be easy.
▼ + stars: | 2024-09-05 | by ( Anna Silman | ) www.businessinsider.com time to read: +40 min

The psychotherapist's 2020 book, "Polysecure," has become the poly bible for an increasingly queer and fluid generation. As consensual nonmonogamy went mainstream, searches for Fern's "Polysecure" spiked. "I've heard authors joke they get a cup of coffee from their book," Fern said. When Jessica Fern and Dave Cooley opened up their relationship, Cooley was surprised at the "searing anguish" he felt about his wife seeing other men. Fern, Cooley, and Fern's partner bought the property together and settled in, planning to live there long term.

Persons: Jessica Fern, Feeld, Lionel Messi, Fern, John, nonmonogamy, Molly Roden Winter's, Miranda July's, I've, Nielsen BookScan, you've, we're, Hannah, Dave Cooley, Cooley, Esther Perel, Dan Savage, Guralnik —, Ross Geller, it's, butch barista, deblasio, Chirlane McCray, Suki Waterhouse, Allison P, Davis, Clinton, isn't, Gilmore, Diego, — they're, Fern disentangled, polyamory, Julia, Apryl, Jessica, John Bowlby, Mary Ainsworth, Fern's polyamorous, she's, It's, Mike Belleme, Tobias, Lindsay, Molly Roden Winter, compersion, Fern's, —, Abby, she'd, Axios they'd, Christopher Gleason, they'd, Gleason, We've, curt, Escher, Franklin Veaux, Eve Rickert's, Rickert, aren't, I'm, Daniel Lavery, " Lavery, polysecurity hasn't, She's, pats, hasn't, polysecurity, Fern isn't, We're, Myers, Briggs, there's Organizations: New York Times, New York Magazine, SUNY, Kinsey Institute, George Mason University Locations: Costa Rica, North Carolina, Russian, Manhattan, Asheville, patrick, Fort Greene, San Francisco, Cooley, Sheepshead Bay , Brooklyn, British, polyworld, Boulder , Colorado, Vancouver, Brooklyn, COVID, Bahamas, Feeld, Fern

☆ Nvidia has more than just billions of dollars in value to lose if its stock keeps falling
▼ + stars: | 2024-09-05 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Nvidia, the nearly $3 trillion AI chip maker, is well known as a “golden handcuffs” employer. It’s worked especially well for Nvidia, a 30-year-old tech company whose specialized chips now account for 90% of AI-related chip sales. Since 2019, Nvidia’s stock has soared 3,000% — minting millionaires among its rank and file. Things got worse for Nvidia on Tuesday, when shares fell 9.5%, wiping $279 billion off its value. As my colleague David Goldman noted, only 27 companies on Earth are worth as much as Nvidia lost on Tuesday.

Persons: CNN Business ’, It’s, Jensen Huang, Per, David Goldman Organizations: CNN Business, New York CNN, Nvidia, Bloomberg, Santa, Per Bloomberg, Wall, Google, Competition Locations: New York, ”

☆ This week could shift the focus of a key narrative for Harris and Trump
▼ + stars: | 2024-09-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

Those two events are the kind of thing that, in normal times, are tracked mostly by economists and Wall Street types. For former President Donald Trump and the Republicans, the narrative is simple: Anything bad you’re feeling about inflation or the job market? Harris entered the race trailing Trump on a range of issues, including the economy. If that were the whole story, Trump might have a harder time disparaging Harris’ and President Joe Biden’s economic record. If the data doesn’t behave, however, then jobs — not inflation — may become the key economic narrative that Harris and Trump will start talking about in their stump speeches.

Persons: CNN Business ’, New York CNN —, we’re, pollsters, Donald Trump, Kamala Harris, Harris, Price, Trump, Harris ’, Joe Biden’s, it’s, ”, Aaron Sojourner, Heidi Shierholz, Biden, — Organizations: CNN Business, New York CNN, Federal Reserve, Republicans, Biden, Democratic, Trump, July’s, Fed, WE Upjohn, Employment Research, Economic Policy Institute, ”, of Labor Statistics Locations: New York, Washington

☆ Delta chief operations officer departing for another company after just over a year on the job
▼ + stars: | 2024-08-23 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Delta Air Lines ' chief operating officer is leaving at the end of the month, the company said in a securities filing on Friday. CEO Ed Bastian said in an employee memo that Chief Operations Officer Mike Spanos is taking a job at another company. Delta doesn't plan to replace Spanos, Bastian said. Instead, John Laughter, the chief of operations and president of Delta's TechOps maintenance-and-overhaul unit, and Allison Ausband, chief customer experience officer, will report to Bastian. Spanos joined Delta in May 2023 and previously held the role of CEO at Six Flags Entertainment and executive positions at PepsiCo .

Persons: Ed Bastian, Mike Spanos, Bastian, Spanos, John Laughter, Allison Ausband Organizations: Delta Air Lines, Delta, Microsoft, Six Flags Entertainment, PepsiCo Locations: Delta

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