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Donald Trump pumps his fist as he is rushed offstage during a rally in Butler, Pa., on July 13. "Kamala has failed over the last four years and only President Donald J. Trump can fix the problems that are facing our nation," Trump campaign senior adviser Danielle Alvarez said in a statement of the closing argument. “Under Harris’ time in the White House, our nation’s strength has been squandered," a Trump campaign adviser said. But there's a tension between the focus Trump’s campaign has kept on those issues and his desire to wander into different territory. Only President Trump cut middle-class taxes, and only President Trump will do it again.”Brad Todd, a Republican strategist who isn’t working for Trump, said the spot "does a great job of channeling the overarching current that can push him over the line" by arguing that "America's on the wrong track and you can't keep the same people in charge."

Persons: Donald Trump, Anna Moneymaker, Trump, Kamala Harris, Kamala, Donald J, Danielle Alvarez, Joe Biden, Harris, Israel —, Biden —, Harris —, ” Trump, Biden, “, —, Arnold Palmer's, ” Brad Todd, Todd Organizations: Democratic, Trump, NBC, “, Economic, of Chicago, Republican Locations: Butler, Pa, New York, Gaza, Ukraine, Iran, East, Russia, China, U.S, North Carolina

☆ The last mile of inflation is always more complicated: Standard Chartered's Viñals
▼ + stars: | 2024-10-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe last mile of inflation is always more complicated: Standard Chartered's ViñalsJose Viñals, group chairman at Standard Chartered, discusses the economic outlook and geopolitical risks with CNBC's Karen Tso at the IMF annual meetings in Washington, D.C.

Persons: Jose Viñals, Karen Tso Organizations: Standard Chartered Locations: Washington ,

☆ Chevron CEO says 'consistent and coherent energy policy' is what matters for the next administration
▼ + stars: | 2024-10-24 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

With a historic presidential election just around the corner, Chevron CEO Mike Wirth told CNBC's Jim Cramer what kind of government action is important for his company. "What really matters is consistent and coherent energy policy," he said. Wirth stressed that energy is a vital part of the global economy, saying that if supplies are constrained by political actions, it can trigger inflationary reactions across the board. According to Wirth, Chevron is apolitical and tries to work with both parties. For example, he said, oil helps create petrochemicals which are used for a variety of manufacturing purposes, including to create materials for EVs.

Persons: Mike Wirth, CNBC's Jim Cramer, Wirth Organizations: Chevron, Wirth Locations: U.S

☆ Why a second Trump presidency would hurt the global economy
▼ + stars: | 2024-10-24 | by ( Hanna Ziady | ) edition.cnn.com time to read: +9 min

For Chinese imports, Trump has proposed an even steeper 60% tariff. Many economists have warned that tariffs planned by Trump will hurt global economic growth and drive up inflation in the US, as well as abroad if other countries introduce higher levies on US imports in response. The International Monetary Fund (IMF) also sees a hit to global gross domestic product from increased tariffs around the world, according to its latest World Economic Outlook. Mario Tama/Getty ImagesA rise in protectionism around the world means open trade is already under threat and the ability of its champion, the World Trade Organization, to settle international trade disputes is severely constrained. “What we’d see in Trump 2 is far more radical than what we saw in Trump 1.”

Persons: Smoot, Donald Trump, Federal Reserve — Trump, Trump, ”, Evan Vucci, he’s, Maurice Obstfeld, Kristalina Georgieva, “, Mario Tama, ” Obstfeld, ” Petros Mavroidis, Scott Olson, Joe Biden, André Sapir, Bruegel, Jerome Powell, Powell, ” Trump, ” Edward Alden, ” Alden Organizations: London CNN, Federal Reserve, Bloomberg, Economic, of Chicago, Trump, Peterson Institute for International Economics, Republican, UBS, Monetary Fund, ABN AMRO, Peterson Institute, IMF, White, Port, World Trade Organization, CNN, Columbia Law School, US, European Union, EU, greenback, Foreign Relations, “ Locations: United States, Hawley, Washington, DC, China, Ukraine, Chicago, Japan, France, South Korea, Port of Los Angeles, Indiana, Portage , Indiana, Brussels, Trump

☆ Our software stocks jump, and industrial earnings teach an investment lesson
▼ + stars: | 2024-10-24 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 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. Dover CEO Richard Tobin discussed the dynamic on the company's third quarter earnings call earlier Thursday . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, it's, Tesla, ServiceNow, Salesforce, Oppenheimer, Textron, It's, We're, Richard Tobin, Tobin, Edwards Lifesciences, Dexcom, Newell, Jim Cramer's, Jim Organizations: CNBC, ., Nasdaq, Dow Jones, Palo Alto Networks, Honeywell, Dover, Carrier Global, Aerospace, Union Pacific, United Parcel Service, Barclays, UPS, Federal Reserve, Boston Beer, Abbott Laboratories, Colgate, Palmolive, Centene, Newell Brands, New York Community Bancorp, Commerce Department, University of, Jim Cramer's Charitable Locations: Palo, Dover

☆ Billionaire investor David Einhorn says buying HP stock is a cheap way into the AI craze
▼ + stars: | 2024-10-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

David Einhorn said computer hardware maker HP could eventually benefit from AI. He said HP stock trading around 10x earnings looks "very reasonable." AdvertisementFamed hedge fund investor David Einhorn is eyeing a tech stock that could be an under-the-radar artificial intelligence play. One of these names is computer hardware firm HP, Einhorn told Bloomberg TV. The stock is trading 10 times earnings, pays a dividend yield of over 3%, and spends 100% of free cash flow paying shareholders, he said.

Persons: David Einhorn, —, Einhorn Organizations: HP, Service, Greenlight, Bloomberg, COVID, Robin Hood Investors Conference

☆ Stock futures are little changed after S&P 500 snaps 3-day losing streak: Live updates
▼ + stars: | 2024-10-24 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

S&P 500 futures are muted Thursday night after the broad index ended a three-day negative streak. Futures tied to the broad index added less than 0.1%, as did Nasdaq 100 futures . The Nasdaq Composite joined the S&P 500 in finishing the session in the green, with both lifted by Tesla' s post-earnings rally. A slide in Treasury yields also gave the S&P 500 and Nasdaq upward momentum, according to Megan Horneman, chief investment officer at Verdence. The Dow has fared the worst with a drop of more than 2% as of Thursday's close, while the S&P 500 and Nasdaq have shed 0.9% and 0.4%, respectively.

Persons: Dexcom, Tesla, Elon, Megan Horneman, Horneman, Dow, They'll Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Treasury, IBM, Boeing, Colgate, Palmolive, AutoNation, Newell Brands, University of

☆ 'Generational opportunity': Invest in real estate as stock and bond returns shrink, according to $3.5 trillion JPMorgan Asset Management
▼ + stars: | 2024-10-23 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

However, real estate — specifically the commercial side — may be poised to take off. "This is absolutely the largest generational opportunity to invest in real estate in a long time," Issar said at the conference. "This is a time for investors to step in, move into attractive pricing, move into asset classes like non-core real estate." Investors can bet on a commercial real estate rebound by working with JPMAM's team, or on their own through publicly traded real estate investment trusts (REITs). "That is the modernization of the new direct real estate that is going to be really attractive for investors in the future."

Persons: Goldman Sachs, —, Goldman Sachs Goldman Sachs, they're, That's, David Kelly, what's, JPMAM, Kelly, David Lebovitz, Monica Issar, Issar Organizations: JPMorgan Asset Management, Service, Asset Management, Management, JPMorgan Private

☆ IMF warns on China's property market worsening as it cuts country's growth outlook
▼ + stars: | 2024-10-23 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Qilai Shen | Bloomberg | Getty ImagesThe International Monetary Fund (IMF) warned of a possible worsening of the state of China's property market as it trimmed its growth expectations for the world's second-largest economy. In a report published Tuesday, the IMF trimmed its forecast for growth in China for this year to 4.8%, 0.2 percentage points lower than in its July projection. In 2025, growth is expected to come in at 4.5%, according to the IMF. The Washington, D.C.-based organization also highlighted that China's property sector contracting by more than expected is one of many downside risks for the global economic outlook. Subsidies in certain sectors, if targeted to boost exports, could exacerbate trade tensions with China's trading partners," the agency said.

Persons: Qilai Shen, Gourinchas Organizations: Bloomberg, Getty, Monetary Fund, IMF, The, D.C, U.S, Reuters Locations: Nanjing, Shanghai, China, The Washington, Japan

There's a common belief that lower borrowing costs benefit so-called growth stocks, as they're often capital-intensive. "History also suggests value should outperform growth, at least over the six months following the first rate cut," he said. If the economic situation becomes a "hard-landing," however, he said that growth stocks could outperform. If it normalizes (i.e., becomes more upward sloping), value should outperform growth," he said, referring to a situation where short-term rates are lower than long-term rates. "Lower multiple value stocks have greater upside and less risk than the pricier 'glamor growth' group for the foreseeable future," Ball said.

Persons: Adam Turnquist, Savita Subramanian, CNBC's, we've, Janjigian, Vanguard Russell, Venu Krishna, George Ball, Sanders Morris, Ball Organizations: U.S, Tech, CNBC Pro, LPL, BofA Securities, Greenwich Wealth Management, Vanguard, Index, Barclays, Krishna, Presidential Locations: U.S . Federal

☆ IMF says global fight against inflation is 'almost won' but warns of rising risks
▼ + stars: | 2024-10-22 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +5 min

"The global battle against inflation is almost won," the IMF report trumpeted, even as it called for "a policy triple pivot" to address interest rates, government spending, and reforms and investment to boost productivity. The fund kept its global growth estimate at 3.2% for 2024 and 2025 — which it called "stable yet underwhelming." Market volatility among key downside risksHeightened financial volatility is another threat to global growth, the IMF report said. Further challenges to global financial markets could come in the final stretch of the fight against inflation. The IMF forecasts global growth will rise 3.1% annually at the end of the 2020s, the lowest level in decades.

Persons: Pierre, Olivier Gourinchas Organizations: International Monetary Fund, Global, Vigilance, IMF Locations: Washington , DC, United States, The Washington, Brazil, Mexico, America, Europe

☆ Economists see UK cutting interest rates more substantially as inflation pressures ease
▼ + stars: | 2024-10-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +5 min

Mike Kemp | In Pictures | Getty ImagesLONDON — The U.K. is likely to see interest rates drop at a faster pace than previously expected, according to economists who flagged key data releases that indicated inflationary pressures are finally easing. However, economists at Goldman Sachs in a Monday note forecast rate cuts "notably below market pricing." As a result, they see consecutive 25 basis point cuts taking the Bank Rate to 3% as early as September 2025, and to 2.75% in November next year. "Recent data have cemented expectations of another cut in interest rates in November. "That said, uncertainty around the economic outlook is high, and interest rate expectations will be sensitive to what the government announces in the Budget," Muir added.

Persons: Mike Kemp, Goldman Sachs, BOE, Price, —, James Smith, Smith, David Muir, Muir, Keir Starmer, Rachel Reeves Organizations: of England, Labour, Bank of England's, BOE policymakers, Bank of England, ING . Services, Reuters, International Energy Agency, U.S . Federal Reserve, European Central Bank, Moody's, Finance Locations: City of London, London, United Kingdom

☆ The bond market is selling off after traders got their Fed forecasts wrong
▼ + stars: | 2024-10-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Bonds have sold off as traders reassess the path of Fed Reserve rate cuts. AdvertisementThe bond market is in sell-off mode as traders reassess the path of interest rate cuts from the Federal Reserve. That would be a big surprise to traders, with the market pricing in a 90% chance of a 25-basis point interest rate cut from the Fed next month. AdvertisementFed officials, for their part, have indicated they're likely to move cautiously, though more rate cuts are still their base case. Dallas Fed President Lorie Logan said she expects interest rates will fall "gradually," and Kansas City Fed President Jeff Schmid endorsed a "cautious and gradual" approach to cutting interest rates.

Persons: Bonds, —, Donald Trump, Torsten Sløk, Sløk, Mary Daly, Neel Kashkari, Lorie Logan, Jeff Schmid, Trump Organizations: Trump, Service, Federal Reserve, Treasury, Fed, Bloomberg, Bond, Treasury Bond ETF, Federal, Market, San Francisco Fed, Minneapolis, Dallas, Kansas City, House Locations: Atlanta

☆ Why Everyone Is Still Mad About Inflation, High Prices: Salary Fights
▼ + stars: | 2024-10-22 | by ( Aki Ito | ) www.businessinsider.com time to read: +6 min

Ever since 2022, when inflation hit a 40-year high of 9%, Americans have been pissed off about the economy. Traditionally, economists (being economists) have focused on the economic costs of inflation — i.e., are price increases wiping out everyone's annual raise? In a normal economy, the small raises companies give are enough to offset the minimal inflation we typically see. In a survey of 3,000 workers, researchers found that most — a whopping 79% — just accepted the salary they were offered. AdvertisementBut now, poring over the new study, I realize I overlooked the role inflation has played in reshaping the pandemic-era workplace.

Persons: Donald Trump, didn't, —, I've, Will, we're, Aki Ito Organizations: Pew Research Center, National Bureau of Economic Research, Business Locations: American

☆ Russia pushes 'new world order' agenda as it hosts beefed-up BRICS summit
▼ + stars: | 2024-10-22 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

Russian President Vladimir Putin attends the BRICS Business Forum in Moscow, Russia October 18, 2024. Alexander Zemlianichenko | Via ReutersRussia is rolling out the red carpet to its geopolitical allies as it hosts the latest BRICS summit on Tuesday, pushing its agenda to create a "new world order" that challenges the West. Delegates listen on during the plenary session as Russian President Vladimir Putin delivers his remarks via video-link during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg on August 23, 2023. "The countries in our association are essentially the drivers of global economic growth. Russian President Vladimir Putin (R) shakes hands with Iranian President Masoud Pezeshkian (L) during their meeting, October 11, 2024, in Ashgabat, Turkmenistan.

Persons: Vladimir Putin, Alexander Zemlianichenko, what's, Alet Pretorius, Putin, Michel Temer, Xi Jinping, Jacob Zuma, Narendra Modi, Wu Hong, Callum Fraser, Fraser, Russia's, Dmitry Peskov, Masoud Pezeshkian, Recep Tayyip Erdogan, Mahmoud Abbas, Antonio Guterres, It's, Masoud Organizations: Reuters, United Arab Emirates, America, U.S ., Afp, Getty, Tass, India's, CNBC, Royal United Services Institute, Global, Kremlin Locations: Moscow, Russia, Reuters Russia, Brazil, India, China, South Africa, Egypt, Ethiopia, Iran, Asia, Africa, U.S . Russian, U.S, West, Ukraine, Sandton, Johannesburg, South, Ashgabat, Turkmenistan, U.N

A mid-October poll by The Associated Press measured which of the two candidates voters trust on a variety of economic issues. Harris’ campaign declined to say where she wants to set the federal minimum wage, which is currently $7.25 per hour. Former President Donald Trump answers questions as he works the drive-thru line at a McDonald's on Oct. 20 in Feasterville-Trevose, Pa. “Donald Trump is running on a middle-class tax hike, Kamala Harris is running on a middle-class tax cut,” Harris campaign spokesperson James Singer said. “Working families like rank-and-file Teamsters overwhelmingly support President Trump because only he will Make America Wealthy, Strong, and Great Again.”

Persons: Donald Trump’s, Kamala Harris, Harris, Trump, ”, Kent Smetters, Sen, Chris Caldwell, Harris ’, Smetters, —, hasn’t, Joe Biden, Donald Trump, Win McNamee, “ Donald Trump, ” Harris, James Singer, “, Anna Kelly Organizations: Biden, Tufts University, Trump, University of Pennsylvania’s Wharton School, Daily, Wharton, Democratic, The Associated Press, Voters, Bureau of Labor Statistics, Economic, Institute, Republican National, Teamsters, America Locations: Pennsylvania, McDonald’s, Las Vegas, U.S, Arizona, Feasterville, Pa, China, Communist

☆ Erie County, PA: Former manufacturing hub becomes a key battleground county
▼ + stars: | 2024-10-21 | by ( Brian Sullivan | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailErie County, PA: Former manufacturing hub becomes a key battleground countyCNBC's Brian Sullivan reports on the economic and monetary issues critical to 2024's election.

Persons: Brian Sullivan Locations: Erie County

☆ The US can 'ill afford' another war now its rivals are teaming up so well, US general says
▼ + stars: | 2024-10-21 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

The US can "ill afford" another war if conflict breaks out in East Asia, Gen. Charles Flynn warned. From the Middle East to Russia, authoritarian regimes are challenging US power. AdvertisementThe US Army's outgoing top commander in the Pacific region has warned that the US can "ill afford" another war because its military is vastly overstretched. "There's a limited regional war going on in the Middle East. We can ill afford another limited regional war in Asia.

Persons: Charles Flynn, —, North Korea —, Flynn, Russia's, Kim Jong, Russia's Vladimir Putin, GAVRIIL GRIGOROV, Kathryn Levantovscaia, Stephen Sklenka, haven't, Raphael Cohen Organizations: Service, Defense, —, Washington DC, North, Bloomberg, Observatory, Getty, Forward Defense, Atlantic Council, NATO, Sydney Morning Herald, RAND Corporation, Stockholm International Peace Research Institute Locations: East Asia, East, Russia, — Russia, China, Iran, North Korea, Taiwan, Europe, Asia, Ukraine, Pyongyang, United States, Stockholm

☆ Why abortion access is a personal finance issue, says demographer who studies the effects of unwanted pregnancy
▼ + stars: | 2024-10-21 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

CNBC spoke to Foster about the economics of abortion access and the financial impacts of the end of Roe v. Wade. Diana Greene Foster: One good thing about The Turnaway Study is that our demographics closely resemble national demographics on who gets abortions. [They're also] more likely to have evictions, have a larger amount of debt if they're denied an abortion. The number of public records, such as bankruptcies, evictions and court judgements, significantly increased for those denied abortions, by 81%. So, it isn't the case that everyone who wants an abortion is now carrying a pregnancy to term.

Persons: Gina Ferazzi, Foster, Roe, Wade, Greg Iacurci, Diana Greene Foster, It's, That's, hasn't, couldn't, They're, they're, I'm Organizations: Los Angeles Times, Getty, Pew Research Center, CNBC Locations: Arizona, Phoenix , Arizona, U.S

☆ Robinhood's cofounder has joined the rapidly growing commercial space race, and wants to beam solar power from satellites to earth
▼ + stars: | 2024-10-21 | by ( Polly Thompson | ) www.businessinsider.com time to read: +9 min

Aetherflux aims to launch a constellation of satellites to transmit solar power to Earth using infrared lasers. Bhatt told BI why he's joining the commercial space race and what Robinhood taught him about capitalism. AdvertisementAetherflux aims to create a constellation of satellites in low Earth orbit (LEO) that will collect solar power and beam it down to receptors on Earth using infrared lasers. Caltech's president, Thomas F. Rosenbaum, said the project had shown them that solar power beamed from space "is still a future prospect" but that it "should be an achievable future." The science has already been demonstrated; it's just going to be an engineering and economic feat to prove it can be done from space, Bhatt said.

Persons: Baiju Bhatt, Bhatt, Robinhood, —, Vlad Tenev, Elon, Baiju Bhatt Bhatt, Thomas F, Rosenbaum, it's, he'd, you'll, Spencer Platt, Matthew Weinzierl, Weinzierl, Einstein, Aetherflux Organizations: he's, Service, California Institute of Technology, NASA, Langley Research Center, Stanford, DARPA, Investment, Space Angels, McKinsey, Harvard Business School, SpaceX, Getty, Apex, Forbes Locations: India, Anadolu, Bay

☆ Newly jobless hurricane survivors would exhaust aid sooner without Disaster Unemployment Assistance
▼ + stars: | 2024-10-21 | by ( Tami Luhby | ) edition.cnn.com time to read: +7 min

Currently, the jobless in North Carolina can only receive up to 12 weeks of state unemployment benefits, among the skimpiest in the nation. (Applicants must first exhaust their state unemployment benefits.) Plus, disaster jobless benefits are available to many types of workers who don’t qualify for state unemployment insurance, such as gig workers, farmers and the self-employed. Still, it can be difficult for the newly jobless to secure either state or disaster unemployment benefits, particularly those whose homes and businesses have been heavily damaged or destroyed by storms. It took Miranda Escalante five days to apply for unemployment assistance.

Persons: Jen Hampton, Helene, Asheville’s, Hampton, we’re, ”, “ We’re, ” Michele Evermore, Roy Cooper, Miranda Escalante, Hurricane Helene, Escalante, Alex Smith, we’ll, ” Escalante, Evermore, — Asheville’s, “ Organizations: CNN, Asheville Food, Beverage United, “, Unemployment, The Century Foundation, state’s, Employment Security, Gov, Emergency Management Agency, Center, Budget, US Bureau of Labor Statistics, Asheville Locations: North Carolina, ”, Florida, Georgia, North Carolina’s, Asheville

☆ The economic 'no landing' could drive the S&P 500 to a 13% gain in 2025, UBS says
▼ + stars: | 2024-10-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The bank is adding to the growing numbers of forecasts for a "no landing" of the US economy. Inflation will remain low enough to leave room for the Fed to cut interest rates, boosting stocks. The job market is proving resilient, despite tighter financial conditions and higher interest rates. AdvertisementCooling price growth sets the stage for the Fed to continue cutting interest rates, UBS said, which is bullish for stocks. The strategists added that while investors may see some volatility ahead of the November election, it's unlikely to interrupt more positive market catalysts.

Persons: — Organizations: UBS, Fed, Service, Bureau of Labor Statistics, New

☆ Analysts pick winners from China stimulus measures
▼ + stars: | 2024-10-20 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Now that China's key ministers have spoken on stimulus, analysts have narrowed down the stocks likely to benefit. Chinese stocks have tempered their recent rally as investors await more policy details. Beyond interest rate cuts, the most tangible Chinese stimulus policies include subsidies to boost consumption with a trade-in program, along with incremental property market support. They screened for mainland-traded Chinese stocks with relatively high dividend yields and strong cash flow. While Chinese property developers may not bounce back right away, HSBC analysts expect construction software company Glodon, listed in Shenzhen, can benefit from property market stabilization.

Persons: David Chao, Morgan Stanley, Morgan, Ni Hong, Edward Chan Organizations: Asia Pacific, Aluminum Corp, Cement, HSBC, National Bureau of Statistics Locations: Japan, Invesco, Hong Kong, Anhui, Beijing, Shenzhen, Shanghai

☆ Stock futures inch higher after S&P 500's best weekly win streak of 2024: Live updates
▼ + stars: | 2024-10-20 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

NEW YORK, NEW YORK - OCTOBER 16: Traders and others work on the New York Stock Exchange (NYSE) floor in New York City. U.S. stock futures ticked higher Sunday night after the Dow Jones Industrial Average and S&P 500 notched their best weekly win streaks of 2024. S&P 500 futures and Nasdaq 100 futures climbed 0.13% and 0.16%, respectively. Roughly one-fifth of S&P 500 companies are set to report through Friday. Of the 14% of S&P 500 companies that have already posted third-quarter results, 79% have beaten expectations, according to FactSet's John Butters.

Persons: FactSet's John Butters, Sam Stovall Organizations: NEW, Traders, New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow, U.S, CFRA Research Locations: New York City . U.S

☆ Idris Elba is building an entertainment industry in Africa
▼ + stars: | 2024-10-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +4 min

Elba, whose parents hail from Sierra Leone and Ghana, is on a mission to transform the entertainment industry in Africa. Elba aims to build film studios across Africa, starting in Zanzibar, the Tanzanian semi-autonomous island renowned for its white sand beaches. “Much of the imagery about Africa isn’t even generated from Africa,” Elba told CNN at the Stellar Development Foundation’s Meridian conference in London this week. Global players like Netflix and Disney have already made sizable investments in Kenya, South Africa and Nigeria. Still, many governments in emerging economies have yet to recognize the economic potential of the creative sector, Elba said.

Persons: New York CNN — Idris Elba, “ Luther, ”, Elba, Samia Suluhu Hassan, “ Idris Elba, Shariff Ali Shariff, ” Elba, Goldman Sachs Organizations: New, New York CNN, Economic, Investment, CNN, Development Foundation’s Meridian, UNESCO, Global, Netflix, Disney, Economic Research, South Locations: New York, Hollywood, London, Elba, Sierra Leone, Ghana, Africa, Zanzibar, Tanzanian, Davos, NIgeria, Kenya, South Africa, Nigeria, Tanzania, South Korea, Busan

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