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☆ European markets head for higher open as investors weigh global economic outlook
▼ + stars: | 2024-09-27 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

LONDON — European markets headed for a higher open on Friday as investors weighed the outlook for the economy and looked to fresh data. European stocks had climbed Thursday, with the pan-European Stoxx 600 closing 1.25% higher after being boosted by gains in Asia-Pacific markets. Those widely continued their climb on Friday, still buoyed by China's announcement of stimulus measures earlier in the week. Economists are expecting headline PCE to have risen 2.3% on an annual basis and 0.1% from the previous month. Back in Europe, preliminary inflation data for September is expected out of France, and the latest German unemployment data is also due.

Persons: Germany's DAX Organizations: CAC, MIB, LONDON, People's Bank of, PCE Locations: Asia, Pacific, People's Bank of China, U.S, Europe, France

☆ Australia's inflation rate has come within its target range, but rate cuts likely won't come anytime soon
▼ + stars: | 2024-09-26 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

Australia's inflation rate has come within the RBA's target range in the month of August, easing from 3.5% in July to 2.7%., according to a Wednesday release from the country's Bureau of Statistics. The drop puts the rate below the Reserve Bank of Australia's target range of 2%-3% for the first time since August 2021. He said that while the relief programs will bring headline inflation to the top of the RBA's target range, the RBA will be "looking through" these subsidies and focusing on core inflation. He writes, "the path of core inflation back to the target range has stalled somewhat, and it is hard to see a major improvement in the near term. We think the bank will need to see three more inflation prints before they are comfortable embarking on an easing cycle."

Persons: Australia's, Michelle Bullock, Bullock, Sean Langcake, Langcake Organizations: Statistics, Reserve Bank, U.S . Federal Reserve, Fed, ., Australia's Locations: SYDNEY, AUSTRALIA, Sydney, Australia, country's, Oxford

☆ Swiss central bank cuts rates by a quarter point in third trim this year
▼ + stars: | 2024-09-26 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. It was the first major Western central bank to reduce interest rates back in March. Domestically, Swiss inflation remains subdued, with the latest headline print pointing to a 1.1% annual increase in August. Further cuts in the SNB policy rate may become necessary in the coming quarters to ensure price stability over the medium term," it added. He added that the central bank may nevertheless have to reduce rates again to retain inflation in the 0-2% target range.

Persons: exacerbation, Swissmem, SNB, Kyle Chapman, Chapman, Thomas Jordan, Jordan, Adrian Prettejohn, Prettejohn Organizations: Swiss National Bank, European Central Bank, U.S . Federal Reserve, Swiss, U.S ., ING, Ballinger Group, Reuters, Capital Economics Locations: Zurich, Switzerland, Swiss, Europe

☆ Stock futures are little changed as traders brace for Fed’s preferred inflation reading: Live updates
▼ + stars: | 2024-09-26 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Stock futures traded near the flatline Thursday night as Wall Street awaits a key inflation reading. Futures tied to the Dow Jones Industrial Average were little changed, as were S&P 500 futures . In the fiscal fourth quarter, the warehouse retailer reported earnings of $5.29 per share on $79.70 billion in fourth-quarter revenue. The so-called PCE is the Federal Reserve's preferred inflation metric, and policymakers and Wall Street alike are hoping for figures that show a cooling trend. The three major indexes are higher for the week, with the S&P 500 up nearly 0.8% and the 30-stock Dow Jones Industrial Average on pace to rise 0.3%.

Persons: LSEG, Jeffrey Roach Organizations: NYSE, Stock, Dow Jones, Nasdaq, Costco Wholesale, Financial, Traders Locations: U.S

☆ Bank of Japan board members split over monetary policy path, meeting minutes show
▼ + stars: | 2024-09-26 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Bank of Japan board members are split over the future path of interest rates, minutes of the central bank's monetary policy meeting in July showed. The board also pointed out that import prices had turned positive again, and upside risks to prices required attention. Some board members pointed out that "it was appropriate for the Bank to make moderate adjustments" given such risks. Another member pointed out that medium-to long-term inflation expectations were not anchored at 2%, and prices remained vulnerable to downside risks. As such, the BOJ should avoid a situation where the market expectations for future rate hikes "increase excessively."

Organizations: Bank of, Bank of Japan, Bank Locations: Bank of Japan, Tokyo

☆ Ellen DeGeneres admits she was an 'immature boss' after talk-show controversy led to her fall from grace
▼ + stars: | 2024-09-25 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +6 min

Read previewEllen DeGeneres took the stage for what she says is her final comedy special in "Ellen DeGeneres: For Your Approval," an hour-long Netflix special that dives into the comedian's fall from grace. First, beauty YouTuber Nikkie de Jager spoke about her negative appearance as a guest on "The Ellen DeGeneres Show." In July of that year, a BuzzFeed News report was published containing allegations from former employees of a toxic work culture on DeGeneres' talk show. Ultimately, DeGeneres said, her "be kind" mantra on "The Ellen DeGeneres Show" put her in a box. "Ellen DeGeneres: For Your Approval" is now streaming on Netflix.

Persons: —, Ellen DeGeneres, DeGeneres, Nikkie de Jager, Dory, Wilson Webb, Netflix DeGeneres, Ellen, I've Organizations: Service, Netflix, Business Locations: America

☆ Kendall Jenner makes the case for underwear as outerwear at Paris Fashion Week
▼ + stars: | 2024-09-25 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

The Mugler look resembled another fashion history moment from the 1999. Mitchell Gerber/Corbis/VCG/Getty ImagesJenner’s Mugler moment was just the latest example of a resurging tendency for underwear as outerwear. Dolce & Gabbana got the memo, too, showing satin corsets, garter belts and Madonna-esque cone bras at Milan Fashion Week on Saturday. Jenner has already proved herself a leader in the underwear as ready-to-wear space, forgoing trousers in favor of a pair of tights in 2022. CNN Style is one of the official media partners of Paris Fashion Week.

Persons: Kendall Jenner, Pascal Le Segretain, Lil, Mitchell Gerber, Kristen Scott Thomas, Duchess of, Gabbana, Florence Pugh, Sabrina Carpenter, Jojo Siwa, Dojaka, Joe Maher, Andreas Rentz, Marie Antoinette, Anna Sui, Jean, Paul Gautier, Jenner Organizations: CNN, Milan, British Vogue, Dolce, Gabbana, Paris Locations: Paris, London, Duchess of Cambridge, British

☆ Congress votes to avert shutdown, setting up chaotic funding fight in December
▼ + stars: | 2024-09-25 | by ( Clare Foran | Lauren Fox | ) edition.cnn.com time to read: +8 min

The stopgap spending bill, which will fund the government until December 20, will next be sent to President Joe Biden to be signed into law. Johnson had said that he believes Trump understands that House Republicans don’t have the votes to pass the SAVE Act. The House vote was 341 to 82 with 132 Republicans and 209 Democrats voting in favor and 82 Republicans voting against. As that internal contest nears, Johnson’s own leadership deputies are working to shore up their own relationships across the House GOP. In recent days, for instance, Emmer’s team gave personally engraved hockey sticks to several House Republicans that thanked them for their service to the chamber.

Persons: Joe Biden, Mike Johnson, Johnson, Donald Trump, Trump, Republicans don’t, –, ” Rep, Don Bacon, ”, Kevin McCarthy, Republicans –, “, Scott Perry, ” Johnson, It’d, Johnson’s, Tom Emmer, Emmer’s, Ted Barrett, Annie Grayer, Morgan Rimmer Organizations: Washington CNN —, Senate, SAVE, Republicans, GOP, ”, Republican, CNN, Democrats, Caucus, Pennsylvania Republican, Freedom Caucus, US, Service, Trump, House Republican Locations: Louisiana, Nebraska, Pennsylvania

☆ Diddy's 4 children with Kim Porter condemn 'horrific conspiracy theories' about their mother's death amid his arrest
▼ + stars: | 2024-09-25 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +7 min

A few days after Porter was found dead at home, Combs shared an emotional tribute on Instagram, which has since been deleted. Quincy, Christian, Jessie, and D'Lila defended their parents' relationship in an open letterKim Porter, Quincy Brown, Sean Combs, Christian Combs, and Justin Combs in 2015. Chelsea Lauren/Getty ImagesCombs' four children with Porter shared a joint statement on Wednesday, published by Essence. Quincy, Christian, Jessie, and D'Lila also requested privacy as they grapple with their mother's death and father's arrest. Christian is facing his own allegation of sexual assaultSean "Diddy" Combs and his son, Christian Combs, at the 2023 VMAs.

Persons: —, Sean, Diddy, Combs, Kim Porter, Cassie Ventura, Porter, Quincy Taylor Brown, Christian Combs, Jessie James Combs, D'Lila Star Combs, Sean Combs, Jessie, Mat Szwajkos, Getty Combs, Chance Combs, wouldn't, Quincy, D'Lila, Quincy Brown, Justin Combs, Chelsea Lauren, Getty, Albert Joseph Brown III, Al B, Eugene Gologursky, Grace O'Marcaigh, O'Marcaigh, Christian, Aaron Dyer, Jacob Shamsian Organizations: Service, Business, Daily Mail, D'Lila, Angeles County Department of Medical Examiner, Essence ., Christian, MTV, BI Locations: Manhattan, Christian, Essence . Quincy, Quincy, Los Angeles

☆ Riley Keough found it ‘incredibly painful’ to listen to tapes of her late mother, Lisa Marie Presley
▼ + stars: | 2024-09-25 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Riley Keough completed her late mother Lisa Marie Presley’s memoir, but it didn’t come without a cost. The actress spoke with People about “From Here to the Great Unknown,” which tells the story of the life of her mom, who died in January 2023 of complications from a prior weight loss surgery. “Because my mother was Elvis Presley’s daughter, she was constantly talked about, argued over and dissected,” Riley, 35, told the publication via email. “The tapes are an incredible portrait of the force of nature that she was,” Keough said. “I want to give voice to my mother in a way that eluded her while she was alive.”“From Here to the Great Unknown” publishes on October 8.

Persons: CNN — Riley Keough, Lisa Marie Presley’s, Presley, Elvis Presley’s, ” Riley, ” Keough, Finley Aaron Love Lockwood, Harper Vivienne Ann Lockwood, Benjamin Keough, Daisy Jones, “, ” Organizations: CNN

☆ Why Nvidia stock is surging, and the lesson to be learned from Home Depot's rally
▼ + stars: | 2024-09-24 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. 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. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, we've, Jensen Huang, Huang, Oppenheimer, –, We've, Cintas, Jim Cramer's, Jim Organizations: CNBC, China, Tech, Nvidia, Devices, Broadcom, Jim Cramer's Charitable

☆ Bloomberg's chief economist shares why there's a 70% chance the US economy is recession-bound — and warns a stock-market sell-off could sink consumer spending
▼ + stars: | 2024-09-24 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Read previewThere's a 70% chance the US economy is either in a recession or headed toward one in the months ahead, according to Bloomberg Economics Chief US Economist Anna Wong. The one that stands out most to Wong is the much-talked-about sustained rise in the unemployment rate. "Initially, in all the recessions, this is how the unemployment rate tends to rise," she said. Another key metric economists watch to judge whether the economy is in recession is consumer spending, which makes up around two-thirds of GDP in the US. LendingTreeWong believes wealthier Americans are spending due to the wealth effect, where high asset prices boost consumer confidence and fuel spending.

Persons: —, Anna Wong, Wong, Louis Fed, Louis Fed Wong, LendingTree Wong Organizations: Service, Bloomberg Economics, Business, Fed Locations: St

☆ Australia's central bank keeps rates on hold, stays hawkish
▼ + stars: | 2024-09-24 | by ( ) www.cnbc.com time to read: +2 min

Reserve Bank of Australia (RBA) at the central bank's building in Sydney, Australia on May 2, 2022. The hawkish stance sent the Australian dollar 0.4% higher to $0.6864, the highest this year, and markets pared the chance of a December rate cut to 59% from 64% before the decision. Markets had wagered heavily on a steady outcome given underlying inflation remained sticky and the labor market held up surprisingly well. Governor Michele Bullock has used every opportunity recently to stress that the central bank does not expect a near-term rate cut. The RBA already trails other central bank in cutting rates, and the political pressure is ramping up for an easing.

Persons: Michele Bullock Organizations: Bank of Australia, Federal Reserve, Reserve Bank of Australia, Wednesday, Greens, Monday Locations: Sydney, Australia, Australia's

☆ Wall Street hovers near record highs. Here's why we want to see choppiness
▼ + stars: | 2024-09-23 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The Dow closed Friday at a record while the S & P 500 did so Thursday . Despite a slight dip in the S & P 500 Friday, the S & P Short Range Oscillator moved further into overbought territory at 7.3%. 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, Stocks, Jim Cramer's, Morgan Stanley, Goldman Sachs, Jim, Jeff Marks, Jeff Organizations: CNBC, Dow, Health, Intel, Qualcomm, Bloomberg News, Apollo Global Management, Apple, Barclays, JPMorgan, Citigroup Locations: U.S

☆ 2024 WNBA playoffs: How to watch as postseason gets underway
▼ + stars: | 2024-09-22 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +8 min

CNN —After a long, history-making WNBA season that featured a break for the Paris Olympics, the postseason is finally here. 1 New York Liberty – 1 p.m. It has been on the losing side in the WNBA Finals on five occasions, most recently against the Las Vegas Aces last year. After a spectacular rookie season, Clark will now be tested by the trials and tribulations of the postseason for the first time. Despite winning it all in 2022 and 2023, Las Vegas is certainly not the favorite heading into the postseason and could only manage the fourth seed for the playoffs.

Persons: Tina Charles, “, ”, Breanna Stewart, Sabrina Ionescu, Jonquel Jones, Stewart, Ionescu, Kirby Lee, Caitlin Clark, Clark, Emilee Chinn, Christie Sides, Dijonai Carrington, Diana Taurasi’s, Diana Taurasi, that’s, Ross D, Cheryl Reeve, Napheesa Collier, we’ve, ’, Chelsea Gray, A’ja Wilson, Wilson, Steph Chambers, Nneka Ogwumike, Jewell Loyd, Sue Bird – Organizations: CNN, Paris Olympics, ABC, ESPN, ESPN2, New York Liberty –, Indiana Fever, Connecticut Sun, Phoenix Mercury, Minnesota Lynx, Seattle Storm, Las Vegas Aces, New York Liberty, Atlanta Dream, Atlanta, New York, Washington Mystics, Liberty, USA, Sports, Reuters, Sun, WNBA, Getty, Mystics, Fever, Chicago Sky, Lynx, Phoenix, Mercury, Franklin, AP Phoenix, Minnesota, LA Sparks, Aces, Storm The Las Vegas Aces, Houston Comets, Seattle Locations: ”, New York, Indiana, ” Connecticut, Las Vegas

☆ Bank of England holds interest rates steady after August cut
▼ + stars: | 2024-09-19 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Commuters cycles past the Bank of England (BOE), left, in the City of London, UK, on Monday, Sept. 16, 2024. The central bank's Monetary Policy Committee's interest rate decision is scheduled for release on Sept. 19. LONDON — The Bank of England on Thursday said it would hold interest rates steady following its initial cut in August, even after the U.S. Federal Reserve opted for a jumbo rate cut the day before. The Monetary Policy Committee voted by 8 to 1 to hold, with the dissenting member voting for a 0.25 percentage point cut. Many strategists had expected a smaller 25 basis point cut at the September meeting, despite market pricing through this week pointing to more than 50% probability of the more aggressive option.

Persons: BOE Organizations: Bank of England, City of, LONDON, U.S . Federal, Monetary, U.S . Federal Reserve Locations: City, City of London, U.K

☆ Florence Pugh says her body ‘went into a bit of trauma’ after shaving her head for movie role
▼ + stars: | 2024-09-19 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +3 min

The movie follows the couple over a decade of their relationship, which changes forever after a medical diagnosis. In an interview with British Vogue published Wednesday, Pugh revealed that the dramatic haircut triggered both a physical and emotional response. Dimitrios Kambouris/Getty Images“In many religions, hair is the most precious thing on the body – it’s where you store your memories and your dreams and your history. My body went into a bit of trauma from it. Co-star Garfield was the one to shave her head for the movie.

Persons: Florence Pugh, Andrew Garfield, Pugh, Dimitrios Kambouris, ”, “ Oppenheimer, Garfield, ” Pugh, “, I’m, Oppenheimer, Henry Nicholls, Zach Braff Organizations: CNN, Vogue, Getty, Sunday Times Locations: British, AFP

☆ Harris campaign highlights Trump’s past praise for Mark Robinson as CNN report roils battleground North Carolina
▼ + stars: | 2024-09-19 | by ( Eric Bradner | ) edition.cnn.com time to read: +8 min

CNN —Donald Trump’s campaign declined to say Thursday whether North Carolina Lt. Gov. The report immediately rippled through the 2024 presidential race, where North Carolina is a target for both Trump and Harris. “My hope is that the lieutenant governor can reassure the people of North Carolina that the allegations aren’t true,” he said. Another North Carolina Republican, Rep. Greg Murphy, also called the allegations “very concerning” but raised doubt about their authenticity. CORRECTION: This story has been corrected to note that North Carolina Rep. Greg Murphy is not part of the House Freedom Caucus.

Persons: Donald Trump’s, Mark Robinson, “ Martin Luther King, Kamala Harris ’, Robinson, Trump, he’d, ”, Harris, Harris ’, Martin Luther King, Trump’s, Biden, ” Trump, Karoline Leavitt, “, ‘, we’re, Josh Stein, Roy Cooper, “ Donald Trump, ” Cooper, Stein, Josh, Izzi Levy, ” Levy, Jeff Jackson, Carolina Sen, Thom Tillis, ” Tillis, Richard Hudson, Hudson, Greg Murphy, Ralph Norman, he’s, Norman, ” Norman, Marjorie Taylor Greene, Georgia, CNN’s Alayna Treene, Kristen Holmes, Aaron Pellish, Dianne Gallagher, Annie Grayer, Morgan Rimmer, Kate Sullivan, Omar Jimenez Organizations: CNN, Gov, Republican, Trump, White, NAACP, ” North, ” North Carolina Democrats, NC GOP, Democratic Governors Association, Republican Governors Association, North Carolina Rep, Democratic, Republicans, North, North Carolina General Assembly, North Carolina Republican, South Carolina Rep, Caucus, GOP Locations: North Carolina, Greensboro , North Carolina, Asheville, Asheboro, ”, ” North Carolina, Hill, Carolina

☆ Schumer takes steps to prevent shutdown as Speaker Johnson’s next move unclear
▼ + stars: | 2024-09-19 | by ( Clare Foran | Ted | ) edition.cnn.com time to read: +4 min

GOP presidential nominee Donald Trump has called for Republicans to shut down the government if they can’t pass the voting measure known as the SAVE Act. Many Democrats are pushing for an extension into December that would not include the SAVE Act, which is viewed as a non-starter in the Senate. “House Republicans don’t seem to have any plan for actually keeping the government open, so the Senate will step in,” Schumer said in floor remarks. “Many Republican House members, as many of you have reported, are smart enough to know if there is a shutdown, it will be a Republican shutdown. There never is a shutdown — hardly ever is a shutdown,” said Senate Majority Whip Dick Durbin, a Democrat from Illinois.

Persons: Chuck Schumer, Mike Johnson, Johnson, “ I’m, ” Johnson, we’ll, John Thune, Thune, ” Schumer, Schumer, “, ”, Donald Trump, Republicans don’t, ” “, I’m, ” Trump, isn’t, Dick Durbin, CNN’s Morgan Rimmer Organizations: Washington CNN, GOP, CNN, Republicans, SAVE, “, Trump, Truth, Republican Locations: Illinois

☆ How the cast of Netflix's 'Monsters: The Lyle and Erik Menendez Story' compare to the real-life people they play
▼ + stars: | 2024-09-19 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +1 min

"Monsters: The Lyle and Erik Menendez Story" is based on true story. Here's how the cast of the Netflix series compares to the real people they play. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"Monsters: The Lyle and Erik Menendez Story" is the latest dramatization of a notorious, headline-grabbing crime by producer Ryan Murphy.

Persons: Lyle, Erik Menendez, Here's, —, Ryan Murphy, Jeffrey Dahmer, Evan Peters, Nicholas Alexander Chavez, Erik Menéndez, Cooper Koch, José Menéndez, Javier Bardem, Mary Louise, Kitty, Menéndez Organizations: Netflix, Service, Business

☆ Gen Z's love of discount stores could send these 3 retail stocks soaring as much as 18%, Bank of America says
▼ + stars: | 2024-09-18 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Millennials and Gen Z are increasingly shopping at discount stores like TJ Maxx, Burlington, and Ross. AdvertisementGen Z wants more bang for their buck, and their love of a good deal could drive shares of some discount retailers up nearly 20%, Bank of America says. AdvertisementThe report from BofA on Wednesday attributes the rise in popularity among discount stores to inflation weariness. The analysts see Burlington and Ross Stores shares rising 16% and 18% from Wednesday highs, respectively. "Off-price has attracted the customer, helped by the quest for value amidst persistent multi-year inflation pressures," Bank of America's analysts wrote.

Persons: Millennials, TJ Maxx, Ross, —, Ross . Younger Organizations: Service, Bank of America, TJ Maxx, Goods, Burlington, Ross Stores, Bank of Locations: Burlington, Millennials, BofA

☆ Melania Trump says she stands ‘proudly behind my nude modeling work’
▼ + stars: | 2024-09-18 | by ( Kate Sullivan | Eric Bradner | ) edition.cnn.com time to read: +4 min

CNN —Former first lady Melania Trump posted a new video on social media Wednesday defending her previous nude modeling work as she promoted her new book. “Why do I stand proudly behind my nude modeling work? A spokesperson for the former first lady did not immediately respond to questions about what media scrutiny Melania Trump was referring to or whether the photographs had received recent attention. The former first lady’s forthcoming memoir, titled “Melania,” is set to hit shelves in October, according to Skyhorse Publishing. His numerous business ventures also included a modeling agency called Trump Model Management; it was closed shortly after he took office in 2017.

Persons: Melania Trump, ”, Donald Trump, Donald Trump’s, Ivana Zelníčková, Marla Maples, Trump, Barron, John Paulson, CNN’s Jackie Wattles Organizations: CNN, Skyhorse Publishing, New York Post, ”, EB, Washington Post, Trump Model Management, White, Republican National Convention, Secret, Trump Locations: British, Slovenian, United States, Florida, Milwaukee, Pennsylvania, New York

☆ UK inflation holds steady in August, matching expectations
▼ + stars: | 2024-09-18 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Anadolu | Getty ImagesLONDON — U.K. inflation held steady during the month of August, data from the Office for National Statistics showed Wednesday, and matched analyst expectations. Headline CPI had come in at 2% in May and June, in line with the Bank of England's target rate. Services inflation — which is closely watched by the BOE, given its dominance within the U.K. economy and its reflection of domestically-generated price rises — rose to 5.6% in August from 5.2% in July. Core inflation, excluding energy, food, alcohol and tobacco, came in at 3.6%, up from the 3.3% recorded in July. "Despite recent data showing a stagnation in UK economic output and easing wage growth, core inflation remains sticky, with services inflation rising from 5.2% to 5.6% which will weigh heavily on the BOE's decision-making," Carter said in a note.

Persons: BOE, Richard Carter, Cheviot, Carter Organizations: Anadolu, Getty, Office, National Statistics, Headline CPI, Bank of, U.S . Federal Reserve

☆ America is ready to go big on AI infrastructure
▼ + stars: | 2024-09-18 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Its backers have committed to driving the "significant infrastructure investment" needed to make AI more powerful. Critically, the firms behind the fund said these infrastructure investments "will be chiefly in the United States," where it plans to fuel AI innovation and economic growth. It will also fund the energy infrastructure needed to power them. AdvertisementData centers, chip manufacturing plants, and energy supply are all vital for making AI tick. AdvertisementThe headline result was the launch of a new task force on AI data center infrastructure, designed to underscore the vital importance of building out the infrastructure needed to maintain momentum in the generative AI race.

Persons: —, MGX, Brad Smith, Lindsey Wasson, TSMC, Justin Sullivan, Getty, CBRE, Nvidia's Jensen Huang, Sam Altman, Gina Raimondo Organizations: Service, Microsoft, BlackRock, Business, Global Infrastructure Partners, REUTERS, US, Nvidia, Congress, Financial Times, Big Tech Locations: Taiwan, China, United States, Abu Dhabi, Chicago, Northern Virginia, Washington

☆ Johnson under pressure after House fails to pass GOP funding plan and Trump pushes shutdown
▼ + stars: | 2024-09-18 | by ( Clare Foran | ) edition.cnn.com time to read: +6 min

Washington CNN —The House failed on Wednesday to pass a six-month GOP government funding plan that included a controversial measure targeting noncitizen voting, an effort pushed by Republican presidential nominee Donald Trump. The House vote was 202 to 220, with 14 Republicans voting against it, two Republicans voting present and three Democrats voting for it. Johnson would not reveal on Wednesday ahead of the planned vote what he would do if the GOP government funding plan fails and said he has spoken to Trump “a lot” about government funding after the former president floated a government shutdown. Trump had previously said that if Republicans don’t receive “absolute assurances” about election security, they should not pass a funding extension. The six-month funding plan from House Republicans would have extended government funding until March 2025.

Persons: Donald Trump, Mike Johnson, Trump, Republicans don’t, ” Trump, Johnson, CNN’s Manu Raju, ” Johnson, “, you’re, ”, “ We’re, there’s, Mike Lawler, Raju, There’s, John Thune, Chuck Schumer, Schumer, ” Schumer, Steve Scalise, – Trump, Kamala Harris –, Joe Biden, …, ” Scalise, Ted Barrett, Danya Gainor, Annie Grayer, Michelle Shen Organizations: Washington CNN, Republican, Democrat, Republicans, SAVE, Truth, GOP, Trump, “, noncitizens, ”, Service, Democratic Locations: New York, Trump’s Florida

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