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While the Federal Reserve is still concerned about inflation, "we're seeing these signs of weakness in the labor market," Scanlon said. "This suggests that the labor market remains firm despite signs of weakening," J.P. Morgan noted. 'What the bond market is telling us'The stock market rallied after the presidential election results. That's what the bond market is telling us." Depending on what policies are enacted under Trump's second term, the inflation problem might get worse, experts say.
Persons: Brett House, Scanlon, There's, Mark Hamrick, J.P, Morgan, Hamrick, Trump Organizations: Columbia Business School, Bureau of Labor Statistics, Federal Reserve, of Labor Statistics, BLS, Dow Jones, Nasdaq, Treasury, Trump Locations: U.S, China
Moderna on Thursday posted a surprise profit for the third quarter, smashing Wall Street estimates, as its cost-cutting efforts took hold and sales of its Covid vaccine came in higher than expected. Before year end, the company plans to file for approval of its experimental "next-generation" Covid vaccine and combination shot targeting Covid and the flu. Moderna this year also expects to apply for expanded approval of its RSV vaccine, targeting high-risk adults ages 18 to 59. "I think the earlier launch and a steeper ramp drove a much higher sales number" for the Covid vaccine, Moderna CEO Stéphane Bancel said in an interview. Analysts had expected sales of $132 million for the RSV vaccine, according to estimates compiled by StreetAccount.
Persons: Moderna, Stéphane Bancel, Bancel, StreetAccount, mull Organizations: Moderna, LSEG, Merck, Research Locations: U.S, Union, Norway, Iceland, Qatar, Europe
Harris offered to console Democrats over the loss to former President Donald Trump, acknowledging they were "feeling and experiencing a range of emotions right now." Trump never did when he lost to President Joe Biden and Harris in 2020. After Biden dropped out and endorsed Harris, Democrats reveled in the change, flooding donation channels and crushing fundraising records. The Biden campaign was skidding off course, setting off an eruption of party panic. Memorably, Harris offered a stinging rebuttal to Trump’s insistence on the debate stage that he had won the 2020 election.
Persons: Kamala Harris, Harris, Donald Trump, Trump, Joe Biden, Biden, MAGA, , reveled, Roe, Wade, Hillary Clinton’s, , ” Harris, Donald J, Shuran Huang, Nancy Pelosi, Harris ’, Oprah, Bruce Springsteen, John Legend, “ Donald Trump Organizations: mater Howard University, Wednesday, Democratic, Trump, Republicans, Republican Party, Republican, Democrats, Biden, Trump —, NBC News, White, U.S . Capitol, , Service, Democratic National Convention Locations: U.S, California, America, Washington, “ America, United States of America, United States, Butler , Pennsylvania, Chicago, Iowa, Ohio
Asian American support for Donald Trump was 5 points higher this election cycle than in 2020, marking a slight shift to the right. The NBC News Exit Poll of early and Election Day voters indicated that 54% of Asian American voters chose Harris, while 39% voted for Trump. Harris lost seven points compared to Asian American Pacific Islander (AAPI) support for Biden in 2020. “The pendulum has started to swing back.”Ramakrishan pointed out that previous polling showed that the economy was a major priority for the Asian American electorate. And for the Asian American community, a group that owns more than 3 million small businesses, that perception was particularly effective.
Persons: Donald Trump, Harris, Karthick Ramakrishnan, , ” Ramakrishan, you’re, ” Ramakrishnan, Ramakrishnan, Trip Yang, Trump, Bill Clinton’s, Barack Obama, Trump’s, Ramakrishan, , ” Yang, Biden Organizations: NBC, Trump, American Pacific, Biden, AAPI, Democratic, American, Democratic Party, Republican Party, Asian American, GOP Locations: U.S, Asian American, American,
WEST PALM BEACH, Fla. — Robert F. Kennedy Jr., who may play a key role overseeing public health issues in a second Trump administration, said Wednesday that he won't take away people's vaccines. "I’m not going to take away anybody’s vaccines," Kennedy said in an interview with NBC News when asked if there are specific vaccines that he would remove from the market. He will meet with senior Trump aides on Wednesday to discuss his role going forward. Shannon Finney / Getty Images file"If vaccines are working for somebody, I’m not going to take them away. Three days before the election, Trump hadn't ruled out whether he would ban certain vaccines.
Persons: Robert F, Kennedy Jr, Trump, I’m, Kennedy, , Shannon Finney, Trump hadn't, ” Trump, haven't, it's, ” Kennedy, Vaughn Hillyard, Rebecca Shabad Organizations: NBC News, Children's Health Defense, Trump, Department of Health, Human Services, Washington , D.C, Getty, Food and Drug, Republican White House, West Palm Beach Locations: BEACH, Fla, Washington ,, Europe, Canada, West Palm, New York
But the balance of the evidence from the NBC News Exit Poll suggests that Trump owes his victory to more common, less polarizing factors that drive many elections year in and year out. That included a striking shift of Latino voters into the GOP column compared with 2020 — they backed Trump by 13 points more. Women broke for Harris, 54%-44%, while men favored Trump, 54%-44% — a gap in support amounting to 22 percentage points. But in 2020, Trump performed even worse among women, losing them to Biden 57%-42%. A final factor favoring Trump: his appeal among Americans who are less attached to politics and elections:
Persons: Donald Trump, Kamala Harris, Trump, Barack Obama, Joe Biden, , Trump’s, ” Trump, Dobbs, coy, Harris, George W, Bush Organizations: NBC, Democratic, Voters, Trump, Biden Locations: United States
We still don't know who will control the House next year, and it could take days to count votes. But we still don't know who controls the House of Representatives, and the outcome will have major implications for the first two years of Trump's second term. "As more results come in it is clear that, as we have predicted all along, Republicans are poised to have unified government in the White House, Senate, and House," said House Speaker Mike Johnson in a statement on Wednesday morning. A Democratic House would be a major constraint on Trump's powerHistorically, newly elected presidents have typically enjoyed unified government at the beginning of their terms. Allowing those provisions to simply expire would cause most Americans to experience a major tax hike.
Persons: Trump, , Donald Trump, Mike Johnson, George H.W, Bush, Joe Biden Organizations: GOP Senate, Service, Republicans, Representatives, Senate, Democratic, House, Trump Locations: New York, Alabama, Pennsylvania, Michigan, North Carolina, California, Ukraine
Chanel stages dreamy resort collection in Hong Kong
  + stars: | 2024-11-06 | by ( Stephy Chung | ) edition.cnn.com   time to read: +3 min
The fashion house staged its two runway shows — one in the afternoon, and one at night — at the Hong Kong Design Institute (HKDI). Anthony Kwan/Getty ImagesDesigned by the brand’s artistic director Virginie Viard, before her departure in June, the collection featured dozens of looks. Anthony Kwan/Getty ImagesThe runway was spread across two floors of the Hong Kong Design Institute. But the label’s decision to restage the presentation in Hong Kong signals the brand’s continued efforts to court Asian clientele amid a wider luxury market slowdown. Anthony Kwan/Getty ImagesBack in June, Viard announced she was exiting Chanel after serving as its artistic director of fashion collections for five years.
Persons: Hong Kong CNN — Chanel, , Penélope Cruz, Chow Yun, Angela Yuen, Chanel, Anthony Kwan, Virginie Viard, Yuen, Benjamin Voisin, Billy H.C, Kwok, Louis Vuitton, Viard, Karl Lagerfeld’s Organizations: Hong Kong CNN, Hong Kong, Hong Kong Design Institute, Reuters, Chanel Locations: Hong Kong, Hong, French, Marseilles, France, China
Two stocks have outperformed the S & P 500 every November when elections have been held over the past three decades — regardless of the outcome, according to a CNBC Pro study. Electrical and industrials giant Eaton Corporation and Sweden's second-largest lender, Svenska Handelsbanken , are the two stocks that beat the U.S. benchmark in November every election year. CNBC Pro screened for stocks currently in the MSCI World Index that gained more than the S & P 500 — or lost less than the index — in November of every election year since 1988. Every time is different Historical performance is never a guarantee of future performance, and stocks often move for idiosyncratic reasons. This year, for instance, the Federal Reserve is expected to announce a decision on interest rates on Thursday, which could also influence the trajectory of stocks.
Persons: Brett Linzey, Mizuho, Eaton, Arctic's Roy Tilley, Henry Allen, Pfizer's, Barack Obama, Allen Organizations: CNBC, Eaton Corporation, Svenska, CNBC Pro, Eaton Corp, Mizuho, Svenska Handelsbanken, Arctic Securities, Federal Reserve, Deutsche Locations: U.S, Industrials, Sweden, Greece, Europe
Goldman Sachs reiterates Nvidia as buy Goldman said the stock is best positioned ahead of earnings later this month. JPMorgan upgrades Yum China to overweight from neutral JPMorgan upgraded the China operator of brands like KFC following earnings. Wedbush reiterates Tesla as outperform The firm said the EV maker is a big winner of a Trump presidency. Deutsche Bank reiterates Spotify as buy Deutsche said it's bullish heading into the streaming company's earnings report on November 12. JPMorgan downgrades Super Micro to underweight from neutral JPMorgan downgraded the stock following earnings citing too much regulatory uncertainty.
Persons: Bernstein, Apple, Goldman Sachs, Goldman, YUMC, Wedbush, Tesla, Trump, Jefferies, Raymond James, it's, Wells, BURL, Oppenheimer, TD Cowen downgrades Brown, Forman, Cowen, Needham, revs, Ferrari, it's bullish, Mizuho, Monness Crespi Hardt, Snowflake Organizations: Nvidia, JPMorgan, KFC, Trump, Ryman Hospitality, Citi, GE Healthcare, General Electric, Barclays, Tencent, Entertainment, Deutsche Bank, Spotify, Deutsche, Nike, Burlington, GAP, Super Micro, Services, UBS, Ferrari, Data Center, 2027E, Bank of America, of America Locations: China, 2Q24, Snowflake
CVS Health on Wednesday reported mixed third-quarter results as higher medical costs squeezed its bottom line. The earnings report is CEO David Joyner's first at the helm of the troubled retail drugstore chain. CVS will provide commentary on what it expects "directionally" during its earnings call, the spokesperson said. "Establishing credibility and earning the trust of our investors is one of my top priorities as the new leader of CVS Health," Joyner said in a statement. CVS expects those premium deficiency reserves "to be substantially released" during the fourth quarter, which will benefit results in that period.
Persons: David Joyner's, Joyner, " Joyner, Steve Nelson, Nelson, Prem Shah, Karen Lynch Organizations: CVS Health, CNBC, CVS, Aetna, UnitedHealth, LSEG
Hong Kong CNN —As the election results roll in and America holds its breath, Chinese state media hasn’t missed the chance to accentuate US political polarization – and play up the threat of post-vote turmoil in its democratic superpower rival. “US Election Day voting begins amid fears of violence, unrest,” declared a headline in nationalist tabloid Global Times. “The US election, once considered a highlight of the so-called ‘beacon of democracy,’ may now become the starting gun of ‘social unrest,’” the state-run Beijing Daily claimed in a commentary on social media. Nicolas Economou/NurPhoto/Getty ImagesOn Chinese social media, the US election featured high among the trending topics throughout Tuesday and Wednesday. “(It) doesn’t matter who it is (that wins),” one social media user wrote in a popular comment on Weibo.
Persons: hasn’t, Xi Jinping, , , Nicolas Economou, Li Shuo, Kamala Harris, Donald Trump, Trump’s, Joe Biden, Biden Organizations: Hong Kong CNN, America, Global Times, White House, Capitol, Beijing Daily, , CNN, Huawei, Biden Locations: Hong Kong, Beijing, United States, China, Washington, Washington , DC, Weibo, Taiwan
That explains a lot about why Trump was reelected. Why the US economy stings so muchHousing: America’s home prices have reached new record highs for 15 straight months. No, really, the US economy is greatStill, Trump will be inheriting a strong economy — on paper, anyway. But they’re still growing at a 3.9% adjusted rate, according to the Department of Labor. Consumer spending, which accounts for more than two-thirds of America’s economy, is surging, rising 3.7% last quarter, the highest rate of growth since the first quarter of 2023, according to the BEA.
Persons: Donald Trump’s, Trump, Joe Biden, Kamala Harris, they’re, Biden, Covid, That’s, Trump’s Organizations: CNN, Republican, US Department of Housing, Urban Development, Bank of America, Brookings Institution, White, Democratic, Democrat, Companies, Bureau of Labor Statistics, Gross, Economic, International Monetary Fund, Labor, BEA Locations: America
Transactional, personality-based and erratic, the Trump doctrine made for a chaotic four years that left both foreign leaders and seasoned American national security aides exhausted and jittery. World leaders are open to all options, including making trips to New York or Trump’s Mar-a-Lago estate in Florida, sources said. Foreign leaders are relying on their experience with Trump during his first presidency, when flattery and personal attention paid dividends, as they approach him following his win. And that, in the end, could sum up Trump’s foreign policy doctrine in a sentence. The first clues about Trump’s policy will be the appointments he makes to senior national security positions.”CNN’s Alayna Treene contributed reporting.
Persons: Donald Trump, Trump, Trump’s, he’s, Joe Biden, , Benjamin Netanyahu, Emmanuel Macron, Macron, , Prince Mohammed bin Salman, Jamal Khashoggi, Mark Rutte, he’d, Shinzo Abe, Angela Merkel, Vladimir Putin —, , Dmitry Peskov, “ Let’s, Kim Jong Un, Xi Jinping, Xi, Putin, It’s, Mike Pompeo, Keith Kellogg, Mike Pence, Richard Grenell, Brian Hook, John Herbst, United States — Putin, ” Herbst, Alayna Treene Organizations: CNN, Trump, American, NATO, Israeli, Saudi, CIA, Biden, State Department, Republican Party, Council’s Eurasia Center Locations: Paris, Jerusalem, Riyadh, Washington, Florida, , Ukraine, North Korea, Iran, China, masse, Russia, New York, Lago, Trump, Taiwan, Beijing, Trump’s, Germany, , United States, Europe
Experts have been weighing in on why Donald Trump won the US election. AdvertisementThere's been an avalanche of analysis following Donald Trump's victory in the US presidential election on Wednesday, as experts sought to explain how the former president won a second term. They've offered a variety of reasons, ranging from a populist revolt against the elites to Vice President Kamala Harris' shortcomings as the Democratic candidate. Nate Silver, founder of FiveThirtyEight and author of the Silver Bulletin newsletterSilver republished a lengthy post from late October titled "24 reasons that Trump won." AdvertisementNate Silver offered up 24 reasons why Donald Trump won.
Persons: Donald Trump, , There's, Donald Trump's, They've, Kamala Harris, Steve Hanke, Johns Hopkins University Hanke, Ronald Reagan, Reagan, Steve Hanke Nate Cohn, Trump, Tina Fordham, Nate Silver, FiveThirtyEight, Harris, AP Matthew Yglesias, Yglesias, overperform electorally, Dominic Sandbrook, Sandbrook, Hillary Clinton, Eric Corellessa, Musk Organizations: Service, Democratic, Johns Hopkins University, The New York Times, Silver, Trump, America, AP Locations: Washington, New York City, San Francisco, Israel, California
After graduating from college, Dalia Goldberg found a job working in marketing. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A freelancer had written the article using the knowledge they'd gained from living in Spain and running a travel blog. While I worked with freelance writers every day as part of my job, I had no idea what it was like to actually be one. AdvertisementIf you're planning a move abroad or a big life change, there are going to be moments when you want to quit.
Persons: Dalia Goldberg, , I'd, I've, Canada I'd, It's, it's, you'll Organizations: Service Locations: Berlin, Spain, Canada, Málaga, Germany, Europe, Greece, Istanbul, Budapest, Bucharest
She's relieved to have gone from a 6X to a 1X — but worried about excess skin and her body image. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A sign on the wall at the weight management clinic inspires me every time I go for my body composite exam. The main reason I lost that initial weight was dental work. I often feel like I haven't lost much weight at all.
Persons: Betsy Smith, She's, , It's, I've, I'd, Smith, Toby, Steph, I'm Organizations: Service, Business Locations: Billings , Montana
But multiplex owners are hoping that “Wicked” and “Gladiator II” achieve something close as the pink-and-green musical and the Colosseum-set action epic land in theaters on Nov. 22. “The industry is looking at ‘Wicked,’ ‘Gladiator II’ and ‘Moana 2’ as a Holy Trinity of moviegoing,” says Robbins. Overall domestic box office revenues are down more than 11% from 2023 and nearly 27% from 2019, according to Comscore. Newer attempts like Steven Spielberg’s “West Side Story” remake, Chu’s “In the Heights,” “Dear Evan Hansen,” “Cats” and “The Color Purple” all fizzled at the box office despite being based on popular productions. “Gladiator II,” too, must prove to audiences there’s a reason to return to the arena a quarter century after the first film became a Colosseum-sized blockbuster.
Persons: Wesley Snipes, ” There’s, Barbie ”, “ Oppenheimer, ’ ”, Shawn Robbins, , King, , , Robbins, , Chris Aronson, “ Ralph, Grindelwald, Thanksgivings, Marvel’s, Chris Randleman, Ryan Gosling, Emily Blunt’s, Guy ”, Cynthia Erivo, Ariana Grande, Glinda, Barbie, Jon M, Steven Spielberg’s “, Evan Hansen, Ridley Scott, Paul Mescal, Pedro Pascal, Denzel Washington, Indiana Jones, ” Aronson, we’ve, Dwayne Johnson’s Santa Organizations: Trinity, Paramount, Disney, Denzel, Locations: , moviegoing, Turkey, Texas
According to the same polls, boomer men supported Trump over Harris 57% to 39% while boomer women chose Harris 52% to 43%. On Monday, Trump, at a battleground on the eve of Election Day, invited Lara Trump and his daughter Tiffany to the stage. The Trump campaign has been pointing to partisan turnout numbers as evidence that he is building an advantage with early voting. Since 1980, nearly every presidential election has seen a split, which in recent decades has shown Democrats winning with women voters. This was the case in 2016, when Hillary Clinton led women by double digits, and in 2020, when President Joe Biden won women voters as well.
Persons: Kamala Harris girding, Liz Cheney, Donald Trump, Harris, Trump, Ann Selzer, “ Harris, , Partners Scarlett Maguire, , Joe Rogan, Lex Fridman, Republican pollster Kellyanne Conway, you’re, Lara Trump, Danica Patrick, Kristi Noem, Morgan Ortagus, Tiffany, Megyn Kelly, Kelly, Nikki Haley, ” Trump, Haley haven't, Cheney, — Trump, Tom Bonier, Covid, Wade, don’t, Lala Johnson, Ned McCarthy, Hillary Clinton, Joe Biden, Harris ’ Organizations: Democratic, Republican, J, Des Moines Register, Democrat, J.L, Boys, MIT, NBC, Trump, Harris, NBC News, Republican National Committee, NASCAR, South Dakota Gov, Pittsburgh, Republicans —, Arizona voters Locations: Trump, Iowa, Harris, Arizona, Roe
We pay 37% taxes on our income up to $190,000 (Australian dollars) and 45% on anything over that. Housing prices are very high, but we don't pay property taxI paid over one million for a three-bedroom, two-bathroom house that's about 15 minutes outside the city. One benefit is that we don't pay property taxes. I figure if we stay here for five years, we'll break even on the amount we would have paid in property tax in the US. Plus, it's predictable — we own the home without worrying about rising property tax rates.
Persons: Chelsey Nelson, she's, , Aiden, COVID, wouldn't, I'd, we'll, I'm, There's Organizations: Service Locations: Seattle, Australia, Rio de Janeiro, Brisbane, Washington
5 tips for talking to those with divergent views
  + stars: | 2024-11-05 | by ( Andrea Kane | ) edition.cnn.com   time to read: +10 min
He’s a professor of psychology and education at Columbia University, and he directs The Morton Deutsch International Center for Cooperation and Conflict Resolution, where he runs the Difficult Conversations Lab. Anyone who has experienced conflict firsthand (and that’s just about everybody) knows it is felt in both body and mind. “Compromise is a method of conflict resolution or dispute resolution. How can you be better positioned to tackle conflict, have productive conversations and avoid World War III in these divisive times? We hope these five tips help you survive the post-election season and upcoming family gatherings.
Persons: Gupta, Sanjay Gupta, , , Peter T, Coleman, , it’s, He’s, Morton, trickles, Douglas Fry, Homo sapiens, ” Coleman, “ You’ve Organizations: CNN, Columbia University, Morton Deutsch International, for Cooperation, US
Avolon CEO sees robust demand for aircraft, especially in Asia
  + stars: | 2024-11-05 | 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 EmailAvolon CEO sees robust demand for aircraft, especially in AsiaAndy Cronin, CEO of Avalon, talks about demand for aircraft leasing and uncertainties caused by the COVID pandemic, and supply restrictions in Boeing and Airbus. He says the Asia Pacific region is leading in growth, with India being particularly attractive.
Persons: Asia Andy Cronin Organizations: Avalon, Boeing, Airbus Locations: Asia, India
Dubbed La Dolce Vita, the new Orient Express trains will start operating in Spring 2025. Travel agent Julia Carter, founder of the luxury travel agency Craft Travel, said unique experiences are higher on the priority list of wealthy vacationers than ever. Itineraries on La Dolce Vita Orient Express start at $3,800 for a one-night stay. Courtesy of Orient Express ItalyUnlike cruise travel, luxury train travel is also more exclusive, another top priority among wealthy travelers. "People want the luxury of space and privacy," Craft, the luxury travel agent, said.
Persons: Vita, , Amrita Banta, Julia Carter, Carter, Georges Nagelmackers, Agatha Christie, Dame Judi Dench, Kenneth Branagh, Buyenlarge, Samy Ghachem, La Dolce, COVID, let's, Ghachem, it's Organizations: Orient Express, Service, Research, Strategy, McKinsey & Company, Craft Travel, Orient, The Orient Express, Dolce Vita, Dolce Vita Orient Locations: Italy, China, Singapore, Thailand, Japan, Belgian, Paris, Istanbul, Sicily, Asia, Africa, Orient Express Italy
Eliza Evans, 38, inherited many items from her grandmother, who was an antique dealer. Grandma was in her element as she picked out the items she wanted. I told them I was going to set up a museum in my house to display the precious items. There were several trips to Goodwill over the years, but I still couldn't part with the sentimental stuff. Do you have an interesting story to share with Business Insider about decluttering or dealing with inherited "stuff" you don't need?
Persons: Eliza Evans, , We'd, Grandma, she'd, I'd, Chris, COVID, Evans, I've, There's, I'm Organizations: Service, Goodwill, Catholic, Swiss Army, Business Locations: Chicago, Florida, Virginia, Spain, Europe, Richmond
Overview of plasma donationDonating plasma isn't the same thing as donating blood. How to earn money donating plasmaPlasma donation compensationDonating plasma can be a relatively low-effort side hustle. Using plasma donation money toward savings goalsAfter buying the phone, we put the money toward saving for a car. My husband and I finally bought a car, and it was a huge relief to have an extra $1,000 for the down payment thanks to donating plasma. Donating plasma FAQsHow much can I make from donating plasma?
Persons: , Laura Grace Tarpley, Penny Hoarder, Read Organizations: Finance, National, Real, Business Insider
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