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☆ Trump and Harris’ proposals would both increase the national debt but Trump’s plan would add $4 trillion more, study finds
▼ + stars: | 2024-10-07 | by ( Tami Luhby | ) edition.cnn.com time to read: +7 min

Harris’ plan would boost the debt by $3.5 trillion over the next decade, while Trump’s platform would cause it to spike by $7.5 trillion, according to the Committee for a Responsible Federal Budget’s report, released Monday. It found that Harris’ measures could have no significant impact on the debt or could increase it by $8.1 trillion. And Trump’s proposals could balloon the debt by between $1.5 trillion and $15.2 trillion. These proposals would cost $2.3 trillion in total. But the committee estimates these tariffs would bring in between $2 trillion and $4.3 trillion over a decade — not enough to cover Trump’s agenda.

Persons: CNN —, Kamala Harris, Donald Trump, Harris ’, Harris, ’, Trump, Jerome Powell, “ We’re, ” Marc Goldwein, Brian Hughes, Trump’s, ”, That’s, Joe Biden’s, Katie Lobosco, Matt Egan Organizations: CNN, Republicans, Democrats, Trump, Social Security, Peterson Institute for International Economics, Center, of Education Locations: American

☆ Here's why this week's inflation report could be a big market mover
▼ + stars: | 2024-10-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Inflation could be a market-driving fear again this week when September data is released, according to Bank of America. But last week's stronger-than-expected jobs report has shaken up the consensus outlook for the economy. "After the blowout jobs report, CPI is no longer a 'non-event.' The CPI report is due out before the opening bell Thursday. Economists surveyed by Dow Jones expect the CPI report to show a 0.1% increase in September and a 2.3% rise from 12 months earlier.

Persons: Dow Jones Organizations: Bank of America, Federal

☆ Thai headline inflation quickens in September, still below central bank target
▼ + stars: | 2024-10-07 | by ( ) www.cnbc.com time to read: +1 min

The headline consumer price index rose 0.61% in September from a year earlier, after August's annual increase of 0.35%, and missed a forecast rise of 0.80% in a Reuters poll. Thailand's annual headline inflation quickened in September due mainly to higher prices of diesel and some vegetables, the commerce ministry said on Monday, and was still below the central bank's target range of 1% to 3%. The headline inflation rate is expected to be 1.25% in October and about 1.49% in the final quarter of 2024, Poonpong Naiyanapakorn, director of the trade policy and strategy office, told a press conference. In the January to September period, average annual headline inflation was 0.20%. The commerce ministry on Monday revised its forecast for the full year to between 0.2% to 0.8%, from between zero and 1% seen earlier.

Persons: Poonpong Naiyanapakorn Organizations: CPI

☆ Inflation, earnings and AI are the three market drivers we're watching this week
▼ + stars: | 2024-10-06 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Friday's rally on a strong jobs report gained momentum into the close and pushed the stock market into the green for the week. Inflation data: The September consumer price index (CPI) report is out Thursday. The September producer price index (PPI) is out Friday. Jim said last week that investors who don't own AMD shares should buy some ahead of CEO Lisa Su's presentation. ET: Consumer price index 12 p.m.

Persons: we'll, Jim Cramer, Friday's, Matthew Graham, Israel, Joe Biden, Wells, Jim, we're, We're, Morgan Stanley, Lisa Su's, Su, Jim Cramer's, Michael M Organizations: Dow, Nasdaq, Federal, Mortgage News, Mortgage News Daily, CNBC, Devices, PPI, Bank, Nvidia, SOXX Semiconductor, PepsiCo, Delta Air Lines, DAL, JPMorgan, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty Locations: U.S, Iran, Israel, Wells Fargo, BlackRock, New York City

☆ Israel's strike back at Iran could hurt the Harris campaign in its final stretch if gas prices soar
▼ + stars: | 2024-10-05 | by ( Brent D. Griffiths | Chris Panella | ) www.businessinsider.com time to read: +12 min

The move could drive oil prices up further, creating a headache for Harris' campaign. If Israel did strike Iran's oil, it would likely have two main targets. Then, on Thursday, he said the US and Israel were discussing whether the US would support Israel striking Iran's oil facilities. Biden has indicated there are conversations between the US and Israel about whether Iran's oil facilities are a legitimate retaliatory strike option. Back in September, global oil prices fell to the lowest level in almost three years, and the US has seen a historic year of oil production.

Persons: Israel, Harris, —, Kamala Harris, Patrick De Haan, De Haan, Clay Seigle, Siegle, ATTA KENARE, Kit Haines, Haines, Hassan Nasrallah, Ismail Haniyeh, Biden, Benjamin Netanyahu, Netanyahu, Wisam, Seigle, Joe Biden, backtrack, Michael M, Nicholas Carl, there's, Privately, JIM WATSON Organizations: Service, Incumbents, Getty, Analysts, Energy, Wednesday, National Iranian Tanker Company, American Enterprise, Business, Publicly Locations: Iran, Israel, Ukraine, Tehran, Yemen, AFP, Hormuz, Saudi, Anadolu, Russia

☆ Fed rate cuts should favor preferred stocks, Virtus money manager says
▼ + stars: | 2024-10-05 | by ( Krysta Escobar | ) www.cnbc.com time to read: +1 min

One financial firm is trying to capitalize on preferred stocks – which carry more risks than bonds, but aren't as risky as common stocks. Infrastructure Capital Advisors Founder and CEO Jay Hatfield manages the Virtus InfraCap U.S. Preferred Stock ETF (PFFA) . Since its May 2018 inception, the Virtus InfraCap U.S. Preferred Stock ETF is down almost 9%.

Persons: Jay Hatfield, we're, CNBC's, Hatfield Organizations: Infrastructure Capital, Virtus InfraCap U.S, Preferred Stock ETF, SLM Corporation, Preferred

☆ 33 top stocks to buy in a market with few undervalued investments: Morningstar
▼ + stars: | 2024-10-05 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Here are 33 of the firm's favorite stocks heading into a pivotal fourth quarter. Therefore, it's no shock that those growth stocks are responsible for the market's lofty valuation. AdvertisementMorningstar33 top stocks to ownIn Morningstar's fourth-quarter note, the firm designated 33 stocks as its top picks across sectors and groups like cyclicals, defensives, and economically sensitive companies. "To outperform, we think investors will need to look for contrarian investments and story stocks," Sekera wrote. Along with each company is its ticker, market capitalization, group, sector, rating, price target, upside to that target, and selected commentary from Morningstar.

Persons: —, Dave Sekera, Morningstar, Sekera Organizations: Morningstar, Service, Stocks

☆ How to trade the jump in oil and energy stocks using options
▼ + stars: | 2024-10-04 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +2 min

Crude oil is nearly $10 higher since October officially kicked off. I want to use the 2024 lagging Energy Select Sector SPDR ETF (XLE) as way to express my short-term bullish view on the price of oil. XLE YTD mountain Energy Select Sector SPDR, YTD Oil markets are measuring the possibility of an imminent air strike by Israel on Iran's crude and energy facilities. However, I believe that would not be the main driver to push crude higher short-term, in would be the fearful reaction of this war spreading outside the Middle East region. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Organizations: Traders, CNBC, NBC UNIVERSAL Locations: Israel, East, XLE

☆ It's going to take nuclear energy to power AI at scale, says TeraWulf CEO Paul Prager
▼ + stars: | 2024-10-04 | 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 EmailIt's going to take nuclear energy to power AI at scale, says TeraWulf CEO Paul PragerPaul Prager, TeraWulf founder and CEO, joins CNBC's 'Power Lunch' to discuss energy infrastructure, the relationship between AI and energy, and more.

Persons: Paul Prager Paul Prager Organizations: TeraWulf

☆ Ukraine appears to be beating Russia in the drone production race
▼ + stars: | 2024-10-04 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Ukraine and Russia have boosted domestic drone production efforts to meet front-line needs. AdvertisementThe stunning rise of drone warfare has pushed Ukraine and Russia to boost their respective domestic efforts to produce unmanned systems, kicking off a high-stakes race to out-manufacture the other. By contrast, Russian President Vladimir Putin said last month that Moscow intended to ramp up drone production tenfold to around 1.4 million a year, noticeably less than its neighbor. Although more traditional military drones are active. The demand for more unmanned systems has pushed Ukraine and Russia to increase their domestic drone output to keep up with battlefield requirements — setting the stage for an unprecedented arms race.

Persons: —, Volodymyr Zelenskyy, Zelenskyy, Vladimir Putin, Diego Herrera Carcedo Organizations: Service, Kyiv, International Defense Industries, Getty, Institute for Locations: Ukraine, Russia, Kyiv, Russian, Moscow, Anadolu, Europe

☆ CEO of $8 billion company worked 2 jobs at once to lead a civilian crew into space: ‘You don't sleep a lot’
▼ + stars: | 2024-10-03 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Billionaire Jared Isaacman spent 2½ years training for a historic 10-minute spacewalk — while simultaneously running a nearly $8 billion company. Isaacman, 41, financed and commanded a SpaceX mission last month that featured the first-ever all-civilian spacewalk, during which he personally floated outside a Dragon space capsule. Isaacman, who has an estimated net worth of $1.5 billion, says he didn't take a leave of absence during those two-plus years of training. The trip was Isaacman's second space venture: In 2021, he financed and led the SpaceX team that became the world's first all-civilian crew to reach orbit. Once in space, the crew worked around the clock, conducting dozens of research experiments in five days while monitoring the capsule and its systems.

Persons: Jared Isaacman, He's, I've, Isaacman, —, Get Organizations: SpaceX, CNBC, Revel Systems Locations: Shift4, Los Angeles

☆ Before trying expensive longevity treatments, focus on these 4 basics of living longer first
▼ + stars: | 2024-10-03 | by ( ) www.businessinsider.com time to read: +5 min

A high-tech treatment called hyperbaric oxygen therapy may boost longevity and performance. A longevity doctor said you should first focus on the basics of living longer. The best longevity habits, from exercising daily to building community, don't cost a thing. Dr. Shai Efrati pioneered hyperbaric oxygen therapy for longevity and performance, and uses it himself. But he said the basics like good nutrition, exercise, and a purposeful life are key to living long and living well.

Persons: —, Dr, Shai Efrati, Efrati, what's Organizations: Service, Research

“They’re going to make a decision in the presidential race, where they’ll weigh a series of considerations. Sen. Bob Casey, D-Pa., and Republican Senate candidate Dave McCormick. “My view is also that President Trump’s right, that France and Germany should pay their fair share,” he added. ”I don’t give advice to the former president,” McCormick said, adding that Republicans writ large “need to focus on a battle of ideas” rather than personal attacks. Trump’s going to do whatever he wants to do.”

Persons: Democratic Sen, Bob Casey, Dave McCormick, Kamala Harris, Donald Trump, Casey, McCormick, Harris, “, ” Casey, “ They’re, They’re, ”, Seth Klein, isn't, “ I’m, I’m, ” Klein, Sen, Trump, Mehmet Oz, He’s, “ I’ve, I’ve, ” McCormick, ” Trump, Trump’s, ” I’m, Trump’s Butler, nominee’s, I’ll, it’s, Harris “, ” Bradley Flenory, ” Flenory, Trump’s Trump Organizations: Democratic, White, Senate, NBC News, University of Pittsburgh, Democratic Party, Republican, Getty, Wall Street Republican, Pennsylvania, GOP, Republicans, Trump, United States Congress, Catholic Locations: HARRISBURG, Pa, Pennsylvania, Ohio , Montana, Arizona, Pittsburgh, Erie, California , New York, Ukraine, . Pennsylvania, Ukrainian, France, Germany, China, Frackville

☆ Michigan young voters enthused for Harris, but their level of support is still a big question
▼ + stars: | 2024-10-02 | by ( John King | ) edition.cnn.com time to read: +9 min

“If she comes up short in Michigan, I don’t think it’s because of young voters,” said Gray, a former co-president of the University of Michigan College Democrats who graduated in May. But young voters’ level of support is a big question for 2024 because of anger and disappointment with how the Biden-Harris administration has handled the Israel-Hamas conflict. In the two prior conversations, both said Biden’s age was a concern for many young voters who felt little connection to the octogenarian president. ‘We feel a sense of betrayal’The biggest risk for Harris is that young voters stay home, skip the presidential line on the ballot, or vote third party. Wayne State student Maya Siegmann talks with John King on campus in Detroit, Michigan.

Persons: Ann, Gray, Kamala Harris, ”, “, Joe Biden’s, Harris, ” Gray, Anushka Jalisatgi, Jalisatgi, ” Jalisatgi, Gretchen Whitmer, ” Whitmer, Debbie Dingell, “ I’m, Max Scheske, John King, Donald Trump, ‘ Trump, ” Scheske, Scheske, Matkin, Biden, Wahbeh Nuseibeh, Wahbeh, Hillary Clinton, Nuseibeh, Israel “, ” Nuseibeh, Maya Siegmann, ” Siegmann, Siegmann, Benjamin Netanyahu Organizations: Ann Arbor , Michigan CNN, University of Michigan College Democrats, ” Voters, Democratic, Michigan, Biden, College Democrats, CNN, University of Michigan, overconfidence, Ann, ” University of Michigan, Ann Arbor College Republicans, Trump, Israel, Republican, Wayne State, Wayne State Syrian Students Association, Hillel, Jewish, Wayne, Israeli Locations: Ann Arbor , Michigan, Michigan, Israel, Ann Arbor, Dearborn , Michigan, American Dearborn, Detroit, United States, Detroit , Michigan

☆ Devastation from Hurricane Helene could bring semiconductor chipmaking to a halt
▼ + stars: | 2024-10-02 | by ( Clare Duffy | Dianne Gallagher | ) edition.cnn.com time to read: +7 min

In addition to this, our teams are joining the local taskforces to try to restore the most basic services and bring further supplies to Spruce Pine,” The Quartz Corp said in a statement. The Quartz Corp facility near Spruce Pine, North Carolina, is seen during a CNN flyover of the area on Monday, September 30. And while quartz is abundant around the world, the kind of ultra-high-purity quartz mined in Spruce Pine is not. The Spruce Pine mines provide an estimated 80% to 90% of the world’s high-purity quartz — experts say the exact amount is proprietary and unknown — supplying semiconductor manufacturers like chipmaking giant Taiwan Semiconductor Manufacturing Company. However, Wang said that despite the scale of the devastation in Spruce Pine, there is still reason for optimism.

Persons: Hurricane Helene, Helene, —, ”, Seaver Wang, Spencer Bost, ” Bost, ’ ” Sibelco, “, Sibelco, that’s, Gregory Allen, David Bader, CSIS’s Allen, Wang, ” Wang Organizations: New, New York CNN, Quartz Corp, Breakthrough Institute, Downtown, CNN, Belgian, Wadhwani Center, AI, Technologies, Center for Strategic, International, Taiwan Semiconductor Manufacturing Company, Institute for Data Science, New Jersey Institute of Technology Locations: New York, North Carolina, Hurricane, Spruce Pine, United States, Sibelco, Silicon, Downtown Spruce, Norwegian, Spruce, Spruce Pine , North Carolina, “

☆ The economy is in an industrial recession and higher oil prices could spark a full downturn, Wall Street economist says
▼ + stars: | 2024-10-02 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The US is in an industrial recession, according to Piper Sandler economist Jake Oubina. A spike in oil prices could be enough to tip the economy into a full recession, Oubina added. But in general, the economy's showing an industrial recession," Oubina said in an interview with Fox Business on Tuesday. AdvertisementThe economy could slip into a broader recession if there's a spike in oil and energy prices, Oubina added. "Oil prices spiking, energy prices spiking in the past, have been enough to tip the economy from a slowing into a recession.

Persons: Piper Sandler, Jake Oubina, —, That's, Oubina, Brent Organizations: Service, Institute of Supply Management, Fox Business, Atlanta Fed, Bank of America Locations: Iran, Israel

☆ I hired a virtual assistant after I realized how overwhelmed I was with work. Asking for help was hard, but it's been so worth it.
▼ + stars: | 2024-10-02 | by ( Tawny Lara | ) www.businessinsider.com time to read: +6 min

I hired a virtual assistant and work with her five hours a week. AdvertisementI burned a pot of black beans the day I hired my virtual assistant. I asked her to tell me more about this whole virtual assistant thing, and it sounded like just what I needed. Asking for help was hard but necessaryI didn't expect considering outsourcing tasks to bring up so many confronting emotions. I compared the average rate for a virtual assistant ($26.34 per hour nationally, ranging from $30-$40 in NYC, where I live) to what I charge hourly for my services.

Persons: I've, —, Sarah —, Sarah, There's, we've Organizations: Service, VAs Locations: NYC

☆ What does work wellbeing have to do with business success? Everything, pretty much.
▼ + stars: | 2024-10-01 | by ( Sponsor Post | ) www.businessinsider.com time to read: +6 min

Indeed's new Work Wellbeing 100 demonstrates that companies with higher work wellbeing collectively outperform stock market benchmarks. Here's a quick overview of the Work Wellbeing 100 index, along with new data that shows the current state of wellbeing at work — plus strategies for what your company can do to improve its Work Wellbeing Score. Building upon this massive dataset — the world's largest study of work wellbeing — Indeed has collaborated with the University of Oxford to create The Work Wellbeing 100, an index of the top 100 publicly traded companies ranked by the Work Wellbeing Score. As detailed in Indeed's first-ever Global Work Wellbeing Report, only 22% of respondents say they're thriving at work, even though the benefits of work wellbeing are more apparent than ever. Discover your company's Work Wellbeing Score and explore strategies and resources from Lead with Indeed to enhance your wellbeing initiatives.

Persons: We've, —, Here's, Russell, Emmanuel De Neve, hasn't, LaFawn Davis, Davis Organizations: Delta Air Lines, Accenture, NIKE, University of Oxford, Nasdaq, Research, Insider Studios Locations: Oxford, Canada

☆ Tonight's vice presidential debate matters a lot more this time around
▼ + stars: | 2024-10-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, what you need to know about tonight's vice presidential debate , and why it's worth paying attention to. The big storyUp for debateDrew Hallowell/Getty Images; Andrew Harnik/Getty Images; Brandon Bell/Getty Images; Rebecca Zisser/BIOhio Sen. JD Vance and Minnesota Gov. ET for an uncharacteristically important vice presidential debate , write Business Insider's Brent D. Griffiths and John L. Dorman. Thanks to a hot streak at Miu Miu, Prada has done what few luxury retailers have been able to do this year: grow. In short, it doesn't get trendier than Miu Miu — and trendy is good for business.

Persons: —, Drew Hallowell, Andrew Harnik, Brandon Bell, Rebecca Zisser, JD Vance, Tim Walz, Insider's Brent D, Griffiths, John L, Dorman, Donald Trump, Kamala Harris aren't, Vance, Walz, hasn't, Brent, Trump's, There's, Harris, Joe Biden's, Matt Stroshane, Tyler Le, Blackstone, Getty, Justin Sullivan, Nvidia's, Jensen, Mira Murati, Natalie Ammari, That's, Miu Miu, Prada, Jimmy Carter, Mark Rutte, Jens Stoltenberg, Claudia Sheinbaum, Elliott Hill, Mike Johnson, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Microsoft, Getty, Ohio Sen, Minnesota Gov, CBS, Netflix, Republican, UBS, Venture, Murati, Consulting, Nike, NYSE Locations: Minnesota, Silicon, New York, London

☆ Evercore ISI gives Harris/Walz and Trump/Vance stock picks to trade election
▼ + stars: | 2024-10-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Though the S & P 500 is up more than 20% in 2024, Evercore ISI sees a patch of volatility ahead as the November presidential election approaches — and the firm has stocks to play either outcome. Evercore ISI thinks that automotive components manufacturer Aptiv could rise in the event of a Harris/Walz win. Evercore ISI called the bank "a flight to quality name," saying it was in a competitive position despite an uncertain backdrop. If Trump wins, Charter Communications is one stock that could benefit from a "potentially benign tax environment" and a pickup in M & A activity, Evercore ISI said. Supermarket operator Kroger could also outperform due to its ability to pass through higher prices to consumers, according to Evercore ISI.

Persons: —, Evercore, Kamala Harris, Donald Trump, Julian Emanuel, Emanuel, Harris, Walz, APTV, Colin Langan, Brian Meredith, Michael Rollins, Arun Sundaram Organizations: ISI, Democratic, Government, United, Affordable, Medicare, Wells Fargo, Smart, PNC Financial Services, Evercore ISI, PNC, UBS, Trump, Charter Communications, Citi, Kroger Locations: Wells, Regional

☆ 4 reasons for the tech selling Tuesday — and why we're not changing our view on the group
▼ + stars: | 2024-10-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Ultimately, the slow starts to August and September did not stand in the way of Wall Street recording a strong third quarter . Tech woes : The S & P 500 tech sector is having a rough day on several different fronts. 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, There's, Elliott Hill, John Donahoe, Lamb Weston, we'll, Slim Jim, Hunt's, Orville Redenbacher's, We're, Jim Cramer's, Jim Organizations: CNBC, ., Stocks, Federal Reserve, Coterra Energy, Tech, Apple, Citigroup, HP Inc, CDW Corp, Citi, Samsung Electronics, Nvidia, Broadcom, Energy, Nike, Maine Foods, Labor, Jim Cramer's Charitable Locations: East, Iran, Israel, China

☆ LiquidStack helps data centers cut energy and water use. Check out the 13-slide deck it used to raise $20 million from Tiger Global.
▼ + stars: | 2024-10-01 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

LiquidStack has secured a $20 million Series B extension from Tiger Global. The startup has launched various cooling technologies for data centers. AdvertisementLiquidStack, a Texas-based startup developing technologies to cool down data centers, has secured a $20 million Series B extension from investment firm Tiger Global. LiquidStack has also launched a two-phase immersion cooling unit to reduce energy in high-density server environments. The $20 million Series B extension, led by US-based investment firm Tiger Global, brings the total Series B round to $35 million.

Persons: LiquidStack, —, Joe Capes, PitchBook Organizations: Tiger Global, Service, US, Trane Technologies Locations: Texas

☆ Powell indicates further, smaller rate cuts, insists the Fed is 'not on any preset course'
▼ + stars: | 2024-09-30 | by ( Jeff Cox | Jeff Cox Is A Finance Editor With Cnbc.Com Where He Covers All Aspects Of The Markets | Monitors Coverage Of The Financial Markets | ) www.nbcnews.com time to read: +4 min

But we are not on any preset course,” he told the National Association for Business Economics in prepared remarks. A basis point equals 0.01%. “We do not believe that we need to see further cooling in labor market conditions to achieve 2 percent inflation,” Powell added. For his part, Powell expressed confidence in economic strength and sees inflation continuing to cool. Broader economic conditions also set the table for further disinflation.”Following the speech, Powell was scheduled to sit for a question-and-answer session with Morgan Stanley economist Ellen Zentner.

Persons: Jerome Powell, ”, ” Powell, Powell, “, Morgan Stanley, Ellen Zentner Organizations: National Association for Business Economics, Committee, Fed Locations: Nashville

☆ States forge ahead with Inflation Reduction Act energy rebates — so far, South Dakota is the only one to opt out
▼ + stars: | 2024-09-30 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

South Dakota is not participatingSouth Dakota Gov. The $68.6 million of federal money that had been set aside for South Dakota rebates will be redistributed among participating states. Fury also noted this isn't the first time South Dakota has rejected federal spending. Bipartisan legislation to create an energy rebate program had existed almost a decade earlier, like the Home Star Energy Retrofit Act in 2010. Ron DeSantis in 2023 had vetoed the state's authority to spend about $5 million of federal funds to administer the energy rebate program.

Persons: I'm, Kara Saul, Rinaldi, Kristi Noem, Scott Olson, Ian Fury, Fury, Saul, Ron DeSantis, Robert Gauthier Organizations: New York, U.S . Department of Energy, AnnDyl, D.C, DOE, of Columbia, Energy, South Dakota Gov, Republican National Convention, Getty, Green, Gov, Republican, South Dakota Bureau of Finance, Management, Home Star Energy, Republican Gov, state's Department of Agriculture, Consumer Services, CNBC, Florida Gov, Los Angeles Times, Department of Agriculture Locations: Arizona, Maine, New Mexico, Rhode Island, Wisconsin, Washington, California , Colorado , Connecticut, Delaware, Florida, Georgia, Hawaii , Illinois , Indiana , Michigan, Minnesota , New Jersey , New Hampshire , Massachusetts, North Carolina , Oregon , Tennessee , Vermont, West Virginia, Dakota, South Dakota, Rinaldi . Florida

☆ These U.S. stocks do the best during periods when China stimulates its economy, according to Trivariate Research
▼ + stars: | 2024-09-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Trivariate Research is laying out some U.S. companies that could win big in China's latest stimulus deal. Last week, China's central bank released a raft of support measures to help stimulate economic growth and boost a struggling real estate market in the second-largest economy in the world. "We see the China stimulus as an incremental positive to risk-taking," wrote Trivariate founder Adam Parker in a note to clients. Trivariate is not the only firm that views commodity stocks as potential beneficiaries, with Morgan Stanley recently naming Freeport in its shopping list for commodity stocks. Gaming stocks could also win big with China's stimulus deal.

Persons: Adam Parker, Parker, Trivariate, Morgan Stanley, Estée Lauder, MicroStrategy Organizations: Capri Holdings Locations: China, Freeport, Sands, Capri

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