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☆ Trump repeats insults about Harris’ mental state as some GOP allies urge him to stick to issues
▼ + stars: | 2024-09-29 | by ( Jack Forrest | ) edition.cnn.com time to read: +4 min

CNN —Donald Trump on Sunday repeated his personal insults about Vice President Kamala Harris’ mental state as some GOP allies urged him to stay on message and avoid such attacks after he made similar remarks at a rally the night before. I’m saying your party, your policies, are batsh*t crazy,” Graham added of Harris after attacking her record on the border. Larry Hogan, an outspoken Trump critic who has rejected the former president’s endorsement in his Senate race, pushed back on Trump’s attacks on Harris. Asked about Trump’s recent line of attack on Harris, Steven Cheung, communications director for the Trump campaign, told CNN in a statement that “Kamala Harris is wholly unfit to serve as president” and went on to attack her record on immigration. CNN has reached out to Harris’ campaign about Trump’s most recent comments.

Persons: Donald Trump, Kamala Harris, “ Joe Biden, “ Kamala, Harris, Biden, Trump, could’ve, Republican Sen, Lindsey Graham, CNN’s Jake Tapper, ”, “ I’m, ” Graham, Tom Emmer, Tim Walz, Ohio Sen, JD Vance, ABC’s, Harris “, ABC’s Martha Raddatz, ” Emmer, “, Larry Hogan, ” “ I’ve, Hogan, who’s, Kevin McCarthy, CNN’s Manu Raju, Harris ’, Steven Cheung, “ Kamala Harris, Sarafina, “ Donald Trump, He’s, ’, ” CNN’s Sarah Davis, Aileen Graef, Kate Sullivan, Jeff Zeleny, Ali, Rashard Rose, Daniel Dale Organizations: CNN, GOP, Saturday, Republican, Trump, South Carolina Republican, Minnesota Gov, America, Maryland Gov, CBS, California Republican Locations: Erie , Pennsylvania, Prairie du Chien , Wisconsin, “ State, Ohio, Maryland, California

☆ Masayoshi Son is the $100 billion gambler who went from dirt track to tech titan — and he isn't done betting yet
▼ + stars: | 2024-09-28 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +14 min

SoftBank founder Masayoshi Son has spent his life putting bold bets on the future of technology. SoftBank, the media-technology conglomerate Son founded two decades prior, was riding high on the glory it attained in the dot-com boom. He was told he was special," Barber told BI. "He wants to be seen as the great modernizer transforming this petrostate into a truly modern economy where technology is at the forefront," Barber told BI. But as previous cycles in Son's life dictate, the flurry of enthusiasm is typically followed by failure.

Persons: Masayoshi Son, Lionel Barber, —, Son, Bill Gates, Masa —, Uber, Barber, Vladimir Putin, Barack Obama, — he's, Jack Ma's Alibaba, Wang, he's, Napoleon Bonaparte, Genghis Khan, Qin Shi Huang, Emperor of, Microsoft's Gates, Jordan Strauss, Mitsunori, SoftBank, Rupert Murdoch, Larry Ellison, Jack Welch, Steve Jobs, Masayoshi, Justin Sullivan, Rajeev Misra, Nikesh Arora, Phil McCarten, Abu Dhabi's Mubadala, Mohammed bin Salman, Saudi, Michael Moritz, Kim Jong, Adam Neumann, Donald Trump, Wirecard, Jesus, NurPhoto, He's, Allen Lane Organizations: Service, Financial Times, Kremlin, Yahoo, Popular Electronics, Vision, Deutsche Bank, Google, Reuters, Saudi Arabia's Public Investment Fund, Vision Fund, Valley's, Sequoia Capital, Greensill, Nvidia, Signal Publishers Locations: Tokyo's Roppongi, Japan, Masayoshi, Washington, Wayne, Emperor of China, Kyushu, United States, Riyadh, Berkeley, Las Vegas

☆ Mark Zuckerberg joins exclusive $200 billion club, closes in on third-richest person in world
▼ + stars: | 2024-09-28 | by ( Robert Ilich | ) edition.cnn.com time to read: +1 min

Recent figures from Bloomberg’s Billionaire Index show Zuckerberg has grown his personal fortune by a whopping $73.4 billion in 2024 to $201 billion. The Meta CEO is the fourth richest person world, joining an elusive $200 billion club that only counts three other members. Zuckerberg, 40, who launched Facebook in 2004, has much of his wealth tied to Meta Platforms stock. Shares of Meta (META) have surged by nearly 64% in 2024. On Wednesday, Meta shares gained 0.9% to close at a record high of $568.31.

Persons: Jeff Bezos, Bernard Arnault, Mark Zuckerberg, Zuckerberg, Tesla, Elon Musk, We’re, ” Zuckerberg, Jensen Huang, Larry Ellison Organizations: CNN, X, Amazon, Meta, Facebook, European Union, Nvidia, Oracle

☆ LVMH's Bernard Arnault set to overtake Mark Zuckerberg as the world's 3rd-richest person after $24 billion wealth surge
▼ + stars: | 2024-09-27 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Bernard Arnault's net worth has soared by $24 billion in four days to $201 billion. The LVMH CEO is set to leapfrog Mark Zuckerberg and become the world's third-richest person. AdvertisementBernard Arnault has grown $24 billion richer in four days — and looks set to overtake Mark Zuckerberg as the world's third-richest person. He was the richest person on the planet with a $231 billion net worth in late March. AdvertisementThe decline in LVMH stock this year has narrowed from about 20% to 5%, meaning it's no longer languishing at a two-year low.

Persons: Bernard Arnault's, Mark Zuckerberg, —, Bernard Arnault, leapfrog Zuckerberg, Larry Ellison, He's, who's, Louis Vuitton, Dom Perignon Champagne Organizations: Service, Dior, Tiffany, Oracle, LVMH Locations: China, Moncler, Cashmere, Japan

☆ Barclays names 5 global stocks that could benefit from China's stimulus — giving one over 100% upside
▼ + stars: | 2024-09-27 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Barclays has identified a handful of European stocks poised to benefit from China's anticipated economic stimulus measures. Mainland Chinese stocks jumped on the news. The investment bank suggested that China's current economic climate resembles April 2024, when Chinese and China-exposed stocks experienced a significant rally. According to Barclays, U.K.-headquartered insurer Prudential , cosmetics giant L'Oreal , carmakers BMW and Mercedes , and miner Rio Tinto are among the top European stocks that could benefit from China's stimulus efforts. China's recent economic challenges have been evident, with the country experiencing its longest period of deflation since 1999.

Persons: Anshul Gupta, Larry Hu, Hu, — CNBC's Michael Bloom, Evelyn Cheng Organizations: Barclays, People's Bank of China, Prudential, L'Oreal, carmakers BMW, Mercedes, Rio Tinto, U.S, Prudential plc, Macquarie Locations: China, Rio, China's

☆ UK PM Keir Starmer touts pro-business agenda as he woos top Wall Street CEOs
▼ + stars: | 2024-09-27 | by ( Jacqueline Corba | ) www.cnbc.com time to read: +1 min

The United Kingdom is pursuing investment from America's biggest banks and tech giants, as the country looks to infuse growth in its stagnant economy. "We now have a Labour government whose number one priority is wealth creation," U.K. Prime Minister Keir Starmer told CNBC's Andrew Ross Sorkin in an exclusive broadcast interview Thursday. "We are a Labour party that is proud to say we are pro business just as much as we are pro worker." In July, Starmer became the first leader from the center-left Labour party to win a U.K. national election since Tony Blair — ending 14 years of Conservative rule. This week, Blackstone committed to investing $13 billion to build a data center in the northeast of England.

Persons: Keir Starmer, CNBC's Andrew Ross Sorkin, Starmer, Tony Blair —, Brian Moynihan, Jane Fraser, Larry Fink, Brad Smith, Jonathan Gray, Blackstone Organizations: Labour, Conservative, United Nations General Assembly, Bank of America, Citi, BlackRock, Microsoft, Blackstone Locations: Kingdom, New York City, England, Europe

By comparison, from Ohio’s March primary through August, Democrats held the edge, dropping $78.5 million on ads to Republicans’ $59 million. “Bernie’s special interest allies are dumping hundreds of millions of dollars into this race to try and defeat Sherrod because they know Sherrod will always stand up to them to do what’s right for Ohio,” Brown spokesperson Matt Keyes said in a statement. Democrats, who hold a one-seat majority in the Senate, are growing increasingly nervous about Sen. Jon Tester’s re-election bid in Montana. Democrats had a clear advertising advantage coming out of a contentious March primary that cost Moreno’s campaign millions of dollars to win. Close behind is WinSenate, a political action committee affiliated with the Democrats’ Senate Majority PAC, which has spent more than $22 million this month.

Persons: Sen, Sherrod Brown, Bernie Moreno, Brown, ”, Jai Chabria, JD Vance’s, “, Moreno, Sherrod, ” Brown, Matt Keyes, Jon Tester’s, Larry Hogan, Gary Peters of, “ We’re, ” Philip Letsou, Chuck Schumer, Kamala Harris, ” Letsou, Barack Obama, Donald Trump, “ Sherrod, Chris Grant, Moreno’s, it’s, beholden, Harris, Joe Biden, Bernie, Scott Guthrie, ” Peters, I’m, “ Jon Tester, ” Moreno, Reagan McCarthy, chastise Brown, Mary Ann, ” Mary Ann, Bernie Moreno’s, ” Chabria, Vance Organizations: CLEVELAND, Senate, Democratic, ’, GOP, Republican, Democratic Senatorial, National Press Club, National Republican Senatorial Committee, Democrat Party, lockstep, Democrats, Defend, Jobs, Fund, PAC, National Republican, Moreno’s, ” Locations: Ohio, Montana, Florida, Texas, Montana and Ohio, Arizona , Michigan, Nevada , Pennsylvania, Wisconsin, Maryland, Gary Peters of Michigan, Washington, lockstep ”, ” Ohio, Toledo

☆ Kamala Harris is embracing the degree-free wave — and thousands of workers could benefit
▼ + stars: | 2024-09-26 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Read previewVice President Kamala Harris wants to make it easier to get a job without a college degree if she wins the election. "Eliminate degree requirements while increasing skills development for half a million federal jobs. AdvertisementThis proposal comes at a time when a growing number of Americans are questioning the value of a college degree. Larry Hogan announced the state would be opening up thousands of jobs to workers without degrees, and Utah's Gov. Spencer Cox dropped college degree requirements from 98% of the state's jobs that same year.

Persons: —, Kamala Harris, Harris, Joe Biden, Trump, It's, Larry Hogan, Spencer Cox, Pell Grant, Biden's, Zers —, LeLaina Wakeham Organizations: Service, Business, Maryland Gov, Utah's, Biden, Higher Locations: Pittsburgh

Does this style look like anything you’ve seen before? That’s what’s happening in this Japanese woodblock print — only it’s Tokyo (then called Edo), the year is 1857, and we’re crossing the Sumida River. This summer scene, titled “Great Bridge: Sudden Rain at Atake,” is one in a series of at least 118 different views Hiroshige created about life in 19th-century Edo across the seasons. In fall:In winter:In spring:And of course, there’s the summer rain you spent some time with. Ms. May recently curated a show of Japanese prints at the museum.

Persons: you’ve, Utagawa Hiroshige, You’re, Hiroshige, May, ” Ms, Ms, Vincent van Gogh, Theo, Vincent, Van Gogh, ”, Nienke Bakker, van Gogh, Bakker, James McNeill Whistler, Alfred Barr, Tetsuya Noda, — Organizations: Carnegie Museum of Art, Fuji, Smithsonian, Van, Museum of Modern, ” Locations: Japan, ”, Tokyo, Edo, Japanese, Atake, Pittsburgh, Paris, Van Gogh, Amsterdam

☆ Senate Democrats launch first multimillion-dollar TV investments in Texas and Florida as map grows more daunting
▼ + stars: | 2024-09-26 | by ( Simone Pathe | ) edition.cnn.com time to read: +7 min

Ted Cruz of Texas and Rick Scott of Florida, with additional TV investments likely to come, according to the committee. “Senate Democrats are expanding the map and going on offense. That’s where Florida and Texas – which have been seen as relative long shots – come into play. Of the two states, Texas – which is at No. 9 on CNN’s ranking of flippable Senate seats – has been seen as a more viable target.

Persons: Ted Cruz of, Rick Scott of, Scott’s, Gary Peters, Cruz, Scott, Sen, Joe Manchin, Donald Trump, Trump, Larry Hogan, Joe Biden, Kamala Harris, Montana Sen, Jon Tester, overperform Harris, Nathan L, Gonzales, Amy Walter, –, Colin Allred, Cruz –, Beto O’Rourke, Allred, Ted Cruz, ”, University of Texas –, Barack Obama, Hillary Clinton, Biden, Democratic Sen, Bill Nelson, Debbie Mucarsel, Powell, he’s, “, Republicans ’, Val Demings, GOP Sen, Marco Rubio, CNN’s David Wright Organizations: CNN, Democratic, Democratic Senatorial, Republican Sens, Sens, Michigan Democrat, Democrats, GOP, White, Republicans, That’s, Democratic Rep, NFL, Senate, Baylor University, Texas Politics, University of Texas, Rep, Social Security Locations: Texas, Florida, Ted Cruz of Texas, Rick Scott of Florida, Sens, Cruz, Michigan, West Virginia, Montana and Ohio, Maryland, Montana, Dallas, AdImpact, Ecuador

☆ Republicans still haven't found their footing on the abortion issue: From the Politics Desk
▼ + stars: | 2024-09-25 | by ( The Politics Desk | ) www.nbcnews.com time to read: +6 min

Bernie Moreno, Republican Senate candidate for Ohio, at the RNC in Milwaukee, Wis., on July 16. “Honestly I think Bernie is heading in the right direction but handed Sherrod an opening with that.”Democrats have been hammering Republicans across the country on the abortion issue. Some Republicans warned that the party’s failure to counter abortion attacks cost them crucial seats that year. In 2022, exit polling found Democrats had an 11-point advantage on the issue of abortion. And in this new NBC poll, Harris’ advantage was just under 20 points.

Persons: Chuck Todd, Kamala Harris, Roe, Bridget Bowman, Adam Edelman, Henry J, Gomez, Bernie Moreno’s, Bernie Moreno, Eva Marie Uzcategui, Sherrod Brown, “ Bernie oof, ”, Moreno, Bernie, Sherrod, Democratic Sen, Jacky Rosen of, Joe Biden’s, Donald Trump, Harris, Gail Gitcho, “, Sam Brown, Pennsylvania’s Dave McCormick, Larry Hogan —, Sen, Rick Scott, hasn’t, Trump, Joe Biden, Republican Bill McInturff, Jeff Horwitt, Biden, I’d, Trump’s, it’s, Chuck → That’s Organizations: NBC, White House, Capitol, Gomez Republicans, Ohio, Republican, RNC, Bloomberg, Getty, Democratic, Democrats, Republicans, NBC News, GOP, didn’t, Trump, Hart Research, Biden Locations: Milwaukee, Wis, Ohio, Spanish, Jacky Rosen of Nevada, Florida

In the seven most competitive Senate races, Democratic campaigns and outside groups launched 33 TV ads on abortion just in the last week, according to the ad-tracking firm AdImpact. Just one Republican ad, a Spanish-language spot from an outside group targeting Democratic Sen. Jacky Rosen of Nevada, mentioned abortion. Some Republicans warned that the party's failure to counter abortion attacks cost them crucial seats that year. In Arizona, Republican Senate candidate Kari Lake has softened her position on abortion rights. Sadly, by the way, there’s a lot of suburban women, a lot of suburban women that are like, ‘Listen, abortion is it.

Persons: Bernie Moreno’s, Sherrod Brown, “ Bernie oof, ”, Moreno, “, Bernie, Sherrod, Sherrod Brown’s, Nikki Haley, Kamala Harris, Democratic Sen, Jacky Rosen of, Sarah Guggenheimer, Tommy Garcia, Joe Biden's, Harris, Gail Gitcho, Sam Brown, Pennsylvania's Dave McCormick, Larry Hogan —, Florida Sen, Rick Scott, Mike Berg, Lauren Zelt, Mitt Romney's, —, Sen, Jon Tester, Tim Sheehy, Debbie Mucarsel Powell, Republican Sen, Amy Walter, haven't, Kari Lake, Republican Sam Brown, Brown, Alex Conant, it’s, Conant, Moreno’s, Reagan McCarthy, Ohioans, “ Moreno, ” Brown, Reeves Oyster Organizations: Ohio, GOP, Republican, Democratic, PAC, Democrats, Republicans, NBC News, Trump, didn’t, “, NBC, WCMH Locations: Ohio, Spanish, Jacky Rosen of Nevada, Florida, America, Arizona, Florida , Nevada, Montana, Nevada, Columbus

☆ CNBC Daily Open: Some caution might be good for markets
▼ + stars: | 2024-09-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. While analysts think this move may mark the end of China's deflationary streak, many think monetary policy is not enough. How much will oil demand grow? The International Energy Agency thinks oil demand will level off at 106 million barrels per day by the end of the decade.

Persons: Larry Hu, Consumer's, September's, Dow Organizations: CNBC, Dow Jones, U.S ., People's Bank of China, Macquarie, International Energy Agency, U.S, U.S . Federal, Barclays, Citi Locations: Corte Madera, Corte Madera , California, Asia, Pacific, China, U.S .

☆ The Chinese yuan surged to a 16-month high, but Beijing may not be happy about it
▼ + stars: | 2024-09-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

China's stimulus package has boosted market sentiment and pushed the Chinese yuan to a 16-month high. But a strong yuan could hurt exports, a key pillar of China's economy, amid weak domestic demand. AdvertisementChina's massive stimulus package for its battered economy has boosted market sentiment and injected confidence into the Chinese yuan. This means $1 could buy fewer Chinese yuan. A strong yuan is bad for exportsEven though a strong yuan signals confidence in China's economy, analysts aren't sure the gains will hold.

Persons: —, Pan Gongsheng, Vishnu, Varathan, Larry Hu, Hu, aren't, Pan, Macquarie's Hu Organizations: People's Bank of China, Service, US Federal Reserve, Macquarie Group, Lombard, Bloomberg Locations: Asia, Japan, China, Beijing, Swiss, China's

☆ Tropical Storm Helene: Thousands forced to evacuate in Florida as hurricane warnings issued
▼ + stars: | 2024-09-25 | by ( Taylor Ward | Dalia Faheid | ) edition.cnn.com time to read: +12 min

CNN —Thousands of Florida residents have been forced to evacuate as the state prepares for rapidly strengthening Tropical Storm Helene, which could bring powerful winds, flooding and life-threatening storm surge to areas already hard-hit by recent hurricanes. The Big Bend area faces the most serious storm surge: up to 15 feet of it is possible. Over in Sanibel, one couple who met during Hurricane Ian in 2022 and nearly lost everything are now going to weather Tropical Storm Helene together, CNN affiliate WINK reported. Large clouds move over Havana due to the proximity of the tropical storm Helene, on September 24. Officials in neighboring Pinellas County warned hundreds of homes would likely flood with a higher storm surge than in past destructive storms.

Persons: Helene, Debby, Idalia, Ian Just, ” Howard Rabe, “ We’ve, we’ve, ”, Rabe, Ian, Michele Vikartofsky, Larry Leventhal, ” Vikartofsky, “, it’s, “ Ian, Vikartofsky, WINK, Hurricane Debby, Ron Booher, Hurricane Michael, ” Lynn Marshall, Yamil Lage, Ron DeSantis, DeSantis, Cathie Perkins, Kenneth Welch, ” Welch, Brian Kemp, ” Kemp, James Stallings, Herman, Connell Crooms, Corey Perrine, it’ll, It’s Organizations: CNN, Hurricane, National Hurricane Center, Tampa General Hospital, WFTS, WINK, WFTV, WJHG, Getty Images, Gov, Florida National Guard, Florida State Guard, –, Georgia Gov, Georgia Emergency Management, Homeland Security, Woerner, Florida Times, USA, Florida, National Weather Service, Carolinas, Weather, Florida Panhandle Locations: Florida, Bend, United States, Gulf of Mexico, Tampa, Florida’s Gulf, Anclote, Mexico Beach, Cabo Catoche, Citrus, Hillsborough, Charlotte, Gulf , Manatee, Pinellas, Taylor County, Tallahassee, Franklin, Wakulla, Port Richey, Sanibel, Manatee County, Gulf County, Havana, AFP, Getty Images Florida, Georgia, Pinellas County, Idalia, St . Petersburg , Florida, Hillsborough , Pinellas, Sarasota, Jacksonville , Florida, Tampa Bay, Florida , Georgia, Alabama, Tennessee, Carolinas, Virginia, Gulf, Helene

☆ Jamie Dimon says he likes Elon Musk's idea to start a DOGE, or Department of Government Efficiency
▼ + stars: | 2024-09-25 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Read previewJPMorgan Chase CEO Jamie Dimon says he approves of Elon Musk's proposal to create a new department of government efficiency — or, in Musk's words, DOGE. "Ok, so — Elon, this idea about having an efficiency commission, I actually like the idea," Dimon said in an interview with CNBC-TV18, which aired on Tuesday. This story is available exclusively to Business Insider subscribers. AdvertisementDuring the CNBC interview, Dimon said that at the moment, he will not endorse Trump or his opponent, Vice President Kamala Harris, for the presidency. Musk, representatives of Trump and JPMorgan Chase didn't immediately respond to a request for comment from Business Insider, sent outside business hours.

Persons: —, Jamie Dimon, Tesla, Donald Trump's, — Elon, Dimon, Al Gore, Musk, Trump, Kamala Harris, Larry Fink, he's, JPMorgan Chase didn't Organizations: Service, Chase, Elon, Trump, CNBC, TV18, Business, Reinventing Government, Economic, of New, Reuters, Bloomberg, Treasury, JPMorgan Locations: of New York

☆ Benard Arnault added $6 billion to his net worth in a day after China's stimulus sparked a rally in luxury stocks
▼ + stars: | 2024-09-25 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

China's new stimulus measures helped boost Bernard Arnault's net worth by $6.2 billion in a day. LVMH shares surged 4% on the news. Bernard Arnault, the chairman of LVMH, saw his net worth soar $6.2 billion on Tuesday, according to data from Bloomberg, as shares of the luxury goods maker surged 4%. At one point in March, Arnault was the richest person in the world, but since the start of the year, he slipped in the net worth rankings as LVMH stock struggled and a huge mega-cap tech rally boosted the net worth of tech CEOs. AdvertisementArnault's net worth now stands at $183 billion, just ahead of Oracle cofounder Larry Ellison's $179 billion and behind the $200+ billion fortunes of Mark Zuckerberg, Jeff Bezos, and Elon Musk.

Persons: Bernard Arnault's, —, Bernard Arnault, Arnault, Louis Vuitton, LVMH, Pan Gongsheng, Larry Ellison's, Mark Zuckerberg, Jeff Bezos, Elon Musk Organizations: Consumers, Service, Bloomberg, Dior, Tiffany, TAG Heuer, People's Bank of China, Oracle Locations: China

☆ China needs more than rate cuts to boost economic growth
▼ + stars: | 2024-09-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Cfoto | Future Publishing | Getty ImagesBEIJING — China's slowing economy needs more than interest rate cuts to boost growth, analysts said. He expects Beijing will likely ramp up fiscal stimulus due to weak growth, despite reluctance so far. "The market is forming a medium to long-term expectation on the U.S. growth rate, the inflation rate. As for Chinese government bonds, Ding said the firm has a "neutral" view and expects the Chinese yields to remain relatively low. He pointed out that monetary easing still requires fiscal stimulus "to achieve the effect of expanding credit and transmitting money to the real economy."

Persons: Larry Hu, That's, Edmund Goh, Yifei Ding, Ding, CF40, Pan Gongsheng, Haizhong Chang, Chang Organizations: China Resources, Getty, BEIJING, People's Bank of China, Macquarie, U.S, of Finance, PBOC, Ministry of Finance, Fitch Locations: China, Nanjing, Jiangsu province, abrdn, Beijing, U.S, Invesco

☆ Wole Soyinka on having his memoir made into a movie: ‘Turning my life into something people can watch, pains me’
▼ + stars: | 2024-09-24 | by ( Daniel Renjifo | ) edition.cnn.com time to read: +9 min

Twenty-two months in total isolation, denied books, denied paper, my cell constantly searched, nothing at all to sustain my mind. Let me put it this way, turning anything in my life into something other people can watch, pains me. Nigerian playwright, novelist and Nobel Prize in Literature winner Wole Soyinka poses for a portrait in Johannesburg on April 4, 2024. But it was grand when one after the other (African Nobel winners) began to come in. WS: If Branson came now and said, I’ve found space for you, I would terminate this interview right now.

Persons: Nigeria CNN — Wole Soyinka, ”, Soyinka, CNN’s Larry Madowo, Larry Madowo, it’s, Wole Soyinka, MARCO LONGARI, Mrs, Ransome Kuti, Fela Kútì’s, Wole, PIUS UTOMI EKPEI, Sani Abacha, would’ve, Ken Saro, I’ve, Armstrong, Richard Branson, Branson, I’m Organizations: Nigeria CNN, Getty, WS Locations: Abeokuta, Nigeria, Southwestern Nigeria, Nigerian, Johannesburg, AFP, Lagos, Jose ( California

☆ The Fed isn't going to be able to cut interest rates as much as it wants to, former Treasury Secretary Larry Summers says
▼ + stars: | 2024-09-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

The Fed probably can't take rates as low as it would like to, according to Larry Summers. Summers pointed to the Fed's target of 2.9% for the so-called neutral rate. Go to newsletter preferences Thanks for signing up! AdvertisementThe Fed doesn't have the wiggle room to cut interest rates as low as it hopes to, according to ex-Treasury Secretary Larry Summers. In an interview with Bloomberg, Summers said central bankers have likely underestimated the so-called neutral rate, which is the level that neither expands nor contracts the economy.

Persons: Larry Summers, Summers, — Organizations: Service, Bloomberg, Business

☆ Marcellus Williams is executed despite prosecutors and the victim’s family asking that he be spared
▼ + stars: | 2024-09-24 | by ( Cindy Von Quednow | Holly Yan | ) edition.cnn.com time to read: +11 min

Around 100 demonstrators were present on the prison grounds protesting capital punishment and Williams’ execution, Pojmann said. Williams’ team filed a clemency petition to the US Supreme Court last week, noting Missouri’s previous governor had postponed Williams’ execution indefinitely amid questions about the integrity of Williams’ trial. Eric Greitens previously halted Williams’ execution and formed a board to investigate his case and determine whether he should be granted clemency. “The Board investigated Williams’ case for the next six years — until Governor Michael Parson abruptly terminated the process,” Williams’ attorneys wrote. “The Governor’s actions have violated Williams’ constitutional rights and created an exceptionally urgent need for the Court’s attention,” Williams’ attorneys said in court documents.

Persons: Marcellus Williams, Williams, Williiams, Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, Felicia Gayle, Gayle’s, Mike Parson, Trevor Foley, “, Larry Komp, ” Komp, Tricia Rojo Bushnell, CNN’s Jake Tapper, doesn’t, Governor Parson, Parson, Louis County, Williams ’, ” Williams, Karen Pojmann, Imam Jalahii Kacem, Pojmann, Andrew Bailey, Wesley Bell, Louis, ” Bailey, Jonathan Potts, Michael Spillane, ” Spillane, “ Mr, ” Parson, ”, – Williams, Alford, general’s, Eric Greitens, Michael Parson, ” CNN’s Dakin Andone, Lauren Mascarenhas, John Fritze, Jennifer Hauser Organizations: CNN, US, ”, Missouri Department of Corrections, NAACP, Williams, of Corrections, Attorney’s Office, Missouri Attorney General’s, Jail, Court, Missouri Supreme, Republican Gov, Supreme, Attorney’s, GOP Gov Locations: Missouri, Bonne Terre, St, Louis

☆ Over 400 economists and ex-officials endorse Kamala Harris
▼ + stars: | 2024-09-24 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —More than 400 economists and former high-ranking US policymakers are endorsing Vice President Kamala Harris and her vision for the American economy, according to a document announcing the endorsement seen by CNN. “The choice in this election is clear: between failed trickle-down economic policies that benefit the few and economic policies that provide opportunity for all,” the endorsement document reads. Harris plans to roll out new policies on what she calls the “opportunity economy” during a speech in Pennsylvania, another key battleground state, on Wednesday. Several notable economists threw their weight behind Harris, including University of Michigan economist Justin Wolfers and Claudia Goldin, who won the Nobel Prize last year for tracking women’s labor participation and the evolving wage gap. The endorsement argued that Harris has a “proven track record of economic leadership,” crediting her with efforts as vice president to lower costs, cut taxes and raise wages.

Persons: Kamala Harris, Harris, Donald Trump’s, Brian Deese, Obama, Jason Furman, Bill Daley, Penny Pritzker, Clinton, Robert Reich, Alan Blinder, Donald Trump, ”, Trump, Sean O’Keefe, George W, Justin Wolfers, Claudia Goldin, Marty Walsh, Deval Patrick, Larry Summers, Robert Rubin, Mark Cuban, James Murdoch, he’s, Bill Ackman, Peter Thiel, Tesla, Elon Musk, ” Harris, Jamie Dimon, Dimon, Jeffrey Sonnenfeld, Sonnenfeld Organizations: New, New York CNN, CNN, Federal Reserve, Management, NASA, University of Michigan, House, Labor, Massachusetts Gov, Democratic, JPMorgan Chase, JPMorgan, Wall Street, Trump, Yale, That’s Locations: New York, Georgia, Pennsylvania, United States, America, Dimon

☆ Economic conditions are 'nearly perfect' and the Fed has engineered a 'miraculous' achievement, Evercore founder says
▼ + stars: | 2024-09-23 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

In a Monday-morning appearance on CNBC, Evercore founder Roger Altman praised the Fed for delivering "nearly perfect" economic conditions, citing strength in equities, profits, and employment. Only inflation — which still hovers above the Fed's 2% target rate — is holding off an official soft landing declaration, he said. AdvertisementAlthough there are some concerns rate cuts will reignite inflation, Altman is expecting to see a slowdown this week when new consumption-expenditures data is released. Related stories"I think what essentially happened was that the Fed saw the path on inflation steadily downward as more certain than the path on labor markets, a little more uncertainty about labor markets," Altman said. "So it took a stronger step to fortify labor markets, and went for 50."

Persons: —, Roger Altman, Powell, Altman, Larry Summers Organizations: Service, CNBC, Business, Fed

☆ Wall Street warms to nuclear power as banks including Goldman Sachs reportedly back new push
▼ + stars: | 2024-09-23 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Read previewBig Tech is getting excited about nuclear power — and now Wall Street wants a piece of the action. However, their involvement could be crucial in helping meet the emissions target laid out in last year's COP28 climate conference and revive the nuclear energy sector. AdvertisementThat might soon change, and it's not just Wall Street getting more interested in nuclear power. Meanwhile, TerraPower, a company cofounded by Bill Gates, is planning a new nuclear power plant in Wyoming. AdvertisementGoldman Sachs, Morgan Stanley, Bank of America, Barclays, BNP Paribas, did not immediately respond to requests for comment from Business Insider, sent outside normal working hours.

Persons: —, Goldman Sachs, Morgan Stanley, Nuclear's, it's, OpenAI, Larry Ellison, We've, they've, Bill Gates Organizations: Service, Tech, Bank of America, Financial Times, Business, Citi, Barclays, BNP, US, Nuclear, Big Tech, Microsoft, ChatGPT, Oracle, Royce Locations: New York, Wyoming

☆ Insider Today: Nike's airball
▼ + stars: | 2024-09-22 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. I'll be here on the weekend to break down some of the biggest stories in business and help you get ahead. The Oregon-based company last week announced Elliott Hill would return to the company as CEO, replacing John Donahue. AdvertisementAn internal "Frequently Asked Questions" document, obtained by Business Insider, outlined how the RTO plan will work.

Persons: —, Matt Turner, Donald Trump, There's, It's, it's, Elliott Hill, John Donahue, Dre Waltizer, Jeff Chiu, Alyssa Powell, Larry, Wayne Osborne, Osborne, Wayne, Andy Jassy, David X Prutting, Paul Porter, Rebecca Zisser, Alexander brothers, Oren, Alon, Tal Alexander, iStock, — Mark Zuckerberg, Taylor Swift Organizations: Service, Fed, Nike, Business, Investors, Google Locations: China, The Oregon

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