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☆ One Direction was their childhood. Liam Payne’s death means grieving their youth
▼ + stars: | 2024-10-22 | by ( Leah Asmelash | ) edition.cnn.com time to read: +6 min

Looking back now, the members of One Direction seemed funny and kind, Dee said; their zest for life inspired her. Payne’s death, for some, feels like a complete end to that collective journey. Prior to Payne’s death, Azar’s account had been on hiatus for years. Other fans, now adults, have reported getting messages from childhood friends and classmates about Payne’s death. When Payne’s death was announced, she started crying in her car.

Persons: Mikaela Dee, Dee, haven’t, Liam Payne, “, ” Mikaela Dee, Mikaela Dee “, Payne, ”, Joe Azar, Azar, Zayn, ’, ” Dee, Borja, John Lennon, hadn’t, Maya Minich, Minich Rafy Evans, Directioners, ’ ” Evans, Minich, who’s Organizations: CNN, –, CVS, Magazine Locations: Argentina, Payne’s, Dee, Santa, Madrid, Spain, New, Los Angeles

☆ Starboard Value's Jeff Smith says Salesforce has 'a lot more to go' and can get more profitable
▼ + stars: | 2024-10-22 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Starboard revealed a holding in the stock and Salesforce responded by cutting thousands of employees and moving up its timeline for widening its adjusted operating margin. On Tuesday, Starboard said in a presentation that Salesforce "can continue to become more efficient and more profitable." And Starboard said Salesforce should commit to adhering to the rule of 50 by the 2028 fiscal year. The activist firm laid out two scenarios, both of which involved Salesforce's revenue growth accelerating and its adjusted operating margin widening. The Agentforce technology for automating customer interactions, which Salesforce discussed at its Dreamforce conference in September, has the potential to boost revenue growth, Starboard said.

Persons: They've, Jeff Smith, CNBC's David Faber, Salesforce, Marc Benioff, Salesforce's, Mason Morfit, Amy Weaver Organizations: 13D, ValueAct, UBS, Adobe, Intuit, Microsoft, Oracle, SAP, CNBC Locations: New York

Meanwhile, the yield on the 2-year Treasury was about two basis points higher at 4.047%. After jumping 12 basis points on Monday, the yield on the 10-year Treasury rose nearly three basis points to 4.21%, a level it has not reached in three months. The U.S. 10-year Treasury yield continued its gains on Tuesday after Federal Reserve officials urged caution on the path of interest rate cuts. It is a quiet week on the data front, but a busy week for Federal Reserve commentary, with an array of policymakers delivering speeches. Rates have actually increased since the Fed cut rates by a half point one month ago.

Persons: Neel Kashkari, Lorie Logan, Jeff Schmid, —, Jeff Cox Organizations: Treasury, Federal, Federal Reserve, Minneapolis, Dallas Federal, Kansas, Traders Locations: U.S

☆ We're buying more shares on the dip in this Fed rate-cut stock tied to housing
▼ + stars: | 2024-10-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Following Tuesday's trade, Jim Cramer's Charitable Trust will own 145 shares of HD, increasing its weighting to 1.65% from 1.14%. Dow stock Home Depot has dropped $18 per share — or a little more than 4% — since making a new high of $418 last Wednesday. Some of this decline is probably due to profit-taking since the stock has gone straight up since Sept. 6. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, nonfarm payrolls, Jim Cramer, Jim Organizations: Dow, Home, Federal, UBS, CNBC

☆ Insana: The market is on a hot streak, and these factors – not the election – are driving it
▼ + stars: | 2024-10-22 | by ( Ron Insana | ) www.cnbc.com time to read: +4 min

Both have opined that the rally on Wall Street underscores a growing belief that former President Donald Trump will win on Nov. 5. However, I don't yet believe that Wall Street and Pennsylvania Avenue have intersected just yet. Indeed, if the stock market is anticipating a Trump victory, what might the bond market and gold market be telling us, assuming they expect the same outcome? Are those markets telling us a Trump victory would lead to higher inflation and bigger fiscal deficits? Those betting on a Trump win would be loath to say so if they follow the messages of multiple markets.

Persons: Stanley Druckenmiller, Dan Loeb, Donald Trump, Loeb, it's, Dow Jones, Kamala Harris, Trump, Ron Insana Organizations: Senate, Dow Jones, Nasdaq, Federal Reserve, Atlanta, Dow, Taiwan Semiconductor Manufacturing, Nvidia, European Central Bank, Trump, stoke, Democratic, Pennsylvania, CNBC Locations: U.S

☆ Cuba fights to come back from a nationwide blackout, then a storm that killed six
▼ + stars: | 2024-10-22 | by ( ) www.cnbc.com time to read: +3 min

"The country has completely halted," said homemaker Mayde Quiñones, 55, who cares for her mother-in-law, who is in her 80s. The prolonged nationwide blackout that followed a massive outage Thursday night was part of countrywide energy problems that led to the largest protests in Cuba in almost 30 years, in July 2021. The Cuban government on state television Monday night said that it's producing 1300 megawatts when peak demand can hit 3 gigawatts. He said that Oscar would bring "an additional inconvenience" to Cuba's recovery since it would affect key Cuban power plants, such as Felton in the city of Holguín, and Renté in Santiago de Cuba. The blackout was considered to be Cuba's worst since Hurricane Ian hit the island as a Category 3 storm in 2022 and damaged power installations.

Persons: Hurricane Oscar, Miguel Díaz, Canel, Mayde Quiñones, Karine Jean, Pierre, it's, Juan Estrada, hasn't, Vicente de la O Levy, Oscar, Felton, Antonio Guiteras, Ian, haven't Organizations: Hurricane, Cuban, Authorities, Energy Locations: Cuba, San Antonio, Sur, U.S, Europe, United States, Havana, Holguín, Santiago de Cuba

☆ IMF: Global battle against inflation ‘largely won’
▼ + stars: | 2024-10-22 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

“It looks like the global battle against inflation has largely been won, even if price pressures persist in some countries,” the IMF said in its latest World Economic Outlook. The rosy outlook on consumer prices comes just weeks before the US election, with inflation a key issue for voters. While upside risks to inflation are receding around the world, threats to economic growth are multiplying, according to the IMF. The IMF sees the global economy expanding 3.2% this year, as it forecast in July. “Economic growth must come instead from ambitious domestic reforms that boost technology and innovation, improve competition and resource allocation, further economic integration and stimulate productive private investment,” it argued.

Persons: Downside Organizations: London CNN —, International Monetary Fund, IMF, US Consumer Locations: East, Europe, China, India

☆ Two US service members injured in raid that killed ISIS operatives In Iraq, Pentagon says
▼ + stars: | 2024-10-22 | by ( Michael Conte | ) edition.cnn.com time to read: +4 min

CNN —Two US service members were injured in Iraq in a joint US-Iraqi raid overnight that killed “multiple ISIS operatives,” according to a Defense Department spokesperson. A defense official said Wednesday that both service members had been transferred to Landstuhl Regional Medical Center in Germany and were still in stable condition. “Overnight, CENTCOM [US Central Command] and Iraqi security forces conducted a partner raid in Iraq targeting several senior ISIS leaders,” said Ryder. Iraq’s Higher Military Commission had aimed to propose an end date for Operation Inherent Resolve, the US military operation combatting ISIS. “We continue to focus our efforts on specifically targeting those members of ISIS who are seeking to conduct external operations outside of Iraq and Syria and those ISIS members attempting to break out ISIS members in detention in an attempt to reconstitute their forces.”Earlier this month, the head of the United Kingdom’s domestic security service MI5 said that ISIS, along with al Qaeda, are presenting a “resurgent” threat.

Persons: Patrick Ryder, Ryder, ”, “, Wali, Mazrouei Abu Abdul Qader, CENTCOM, Erik Kurilla, they’ve, ’, Ken McCallum, CNN’s Mohammed Tawfeeq Organizations: CNN, ISIS, Defense Department, Pentagon, Regional Medical Center, Command, Iraqi Joint Operations Command, Iraq, Iraq’s, Commission, Hezbollah, Israel, United Locations: Iraq, Germany, Iraqi, CENTCOM, Wali Iraq, “, Syria, Israel, Lebanon, Gaza, Iran, East, Africa, al Qaeda, London

☆ 'New bullish phase'? As gold hits another high, analysts say more records are in sight
▼ + stars: | 2024-10-22 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Close up stack of gold bars, financial wealth concepts and businessGold is in a "new bullish phase" after prices notched another record high, said asset management firm Sprott Asset Management, echoing other analysts who have predicted that the bullion will continue to scale new heights. Spot gold is currently trading at $2,729.14 per ounce, while gold futures are at $2,741.20. "Rising U.S. debt-to-GDP ratios have historically led to higher gold prices due to concerns over the sustainability of debt, currency devaluation and debt monetization," Wong continued. As debt increases, governments might resort to printing money to address deficits, which can devalue the currency, Wong explained. This erosion of trust in fiat currency enhances gold's appeal as a reliable store of value.

Persons: Paul Wong, Wong Organizations: Sprott Asset Management, U.S ., U.S, Congressional

☆ 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

☆ IMF hikes UK growth outlook amid lower inflation and interest rates
▼ + stars: | 2024-10-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

General view of the City of London skyline, the capital's financial district, in October. LONDON — The International Monetary Fund on Tuesday raised its 2024 growth outlook for the United Kingdom, saying declines in interest rates and inflation would boost domestic demand. The IMF now sees 1.1% growth for the U.K. economy this year, up from a July forecast of 0.7%. Inflation in the U.K. came in at 1.7% in September, a decline from 11.1% in October 2022. Economic growth has been tepid so far this year, coming in at 0.2% in August after flatlining in June and July.

Persons: flatlining Organizations: LONDON, Monetary Fund, IMF, Bank of England Locations: London, United Kingdom

☆ Trump’s growing threats to strip broadcast licenses send chills across industry
▼ + stars: | 2024-10-22 | by ( Brian Stelter | ) edition.cnn.com time to read: +7 min

But Donald Trump’s threats are not ordinary, either. He has imprecisely but repeatedly invoked the government’s licensing of broadcast TV airwaves and has said on at least 15 occasions that certain licenses should be revoked. Trump’s threats against CBS have been particularly intense in recent weeks. The threat from any politician to revoke a broadcast license simply because they disagree with the station’s content undermines this basic freedom.”Many of Trump’s threats conflate national networks and local stations. As president, Trump also said that TV licenses “must be challenged and, if appropriate, revoked,” but nothing came of it.

Persons: Donald, Trump, Fox, “, Kamala Harris, ” Trump, Dan Bongino, hasn’t, Andrew Jay Schwartzman, Curtis LeGeyt, recrimination, ” LeGeyt, –, Harris, ”, Dana Walden’s, Kamala, Walden shrugged, Ajit Pai, ” Pai, Nathan Simington, Jessica Rosenworcel, ” Rosenworcel, ” Schwartzman, Ted Boutrous, Jim Acosta’s, Donald Trump, ” Boutrous, Rosenworcel Organizations: New, New York CNN — Broadcast, CNN, CBS, ABC, NBC, Paramount Global, Federal Communications Commission, National Association of Broadcasters, American TV, NAB, “, ” CNN, FCC, Trump, MSNBC, Fake News ABC, Truth, Disney Entertainment, Republican, Democrats, NPR, OUR, Fox, Democratic, White House, Voice Locations: New York

☆ Putin's expanded BRICS summit proves he has friends — but risks buckling under its own contradictions
▼ + stars: | 2024-10-22 | by ( Thibault Spirlet | Huileng Tan | ) www.businessinsider.com time to read: +6 min

AdvertisementRussia is flexing its muscles at the center of the BRICS economic bloc, which seeks to rival the West. Iran, Egypt, Ethiopia, and the United Arab Emirates are the new BRICS entrants, joining the earlier members Russia, India, China, Brazil, and South Africa. He said it had "no chance" of political unity given its members' competing interests and starkly differing attitudes. The greenback, though, will be hard to dethrone — even without competing priorities and rivalry among BRICS members. AdvertisementHe said that while BRICS members were united in a desire for change, "there's no real strategy within BRICS aside from fancy phrases to make it work."

Persons: —, Vladimir Putin, Abishur Prakash, Anton Barbashin, South Africa —, Barbashin, Una Aleksandra Berzina, Evgeny Roshchin, Johns Hopkins University's Henry A, Putin, SWIFT, Yakov Organizations: Service, West, United, South, Riddle Russia, Riga Stradins University's China Studies Center, Politico, Center for, Johns, Kissinger Center, Global Affairs, Partners, Bank for International Locations: Russia, Western, Iran, Egypt, Ethiopia, United Arab Emirates, India, China, Brazil, South Africa, Saudi Arabia, Russian, Toronto, —, Ukraine, standoffs, Moscow

☆ The IMF just raised its growth forecast for the US economy this year — but expects a slowdown in 2025
▼ + stars: | 2024-10-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The International Monetary Fund raised its growth forecast for the US economy to 2.8% this year. AdvertisementThe International Monetary Fund raised its growth forecast for the US, projecting the world's largest economy would expand by 2.8% this year instead of the 2.6% it predicted in July. However, they predicted GDP growth would slow to 2.2% in 2025 as the US government curbs its spending and the labor market cools, sapping consumption. The IMF projected global growth of 3.2% in both 2024 and 2025, virtually unchanged from its previous prediction. They underscored their latest forecast for global growth over the next five years of 3.1% was "mediocre" compared with the pre-pandemic average.

Persons: — Organizations: Monetary Fund, IMF, Service, UN Locations: China, East, Central Asia, Africa, Asia

☆ As gold hits another record high, the pros reveal their outlook for the precious metal
▼ + stars: | 2024-10-22 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Spot gold prices have soared above $2,700 an ounce, rallying for the fifth day on Monday to hit another record high of over $2,733 an ounce. But Wider noted the de-correlation of 10-year Treasury real interest rates (adjusted for inflation) and the price of gold. XAU= 5Y mountain Gold John Reade, senior markets strategist at the World Gold Council trade association, warned of volatility ahead, however. Allocating to gold Reade advised investors to always have a position in gold, albeit as a relatively small part of a portfolio. Principal Asset Management's Jablonski, meanwhile, said he has less than 5% of his portfolio allocated to commodities, including gold.

Persons: Michael Widmer, I'm, CNBC's, Widmer, Todd Jablonski, Jablonski, John Reade, Reade, Management's Jablonski, Fred Imbert Organizations: Bank of America, Treasury, CNBC Pro, World Gold Council, CNBC

☆ 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

☆ A college student who tracks Elon Musk and Mark Zuckerberg's private jets says his Threads accounts have been suspended
▼ + stars: | 2024-10-22 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Jack Sweeney's Threads accounts that track the flight paths of private jets have been suspended. AdvertisementJack Sweeney, a college student who tracks the private jets of several high-profile people, including Elon Musk and Mark Zuckerberg, says his Threads accounts have been suspended. He said he received no warnings or communications from the Big Tech company before the accounts were suspended. AdvertisementThe college student first made headlines in 2022 after Musk offered him money to stop publicly sharing his flight information. In December 2022, Sweeney's jet-tracking accounts were suspended by X. Musk, who took over the social media company months earlier, called the accounts a "physical safety violation."

Persons: Jack, Elon Musk, Taylor Swift, —, Jack Sweeney, Mark Zuckerberg, Sweeney, Kim Kardashian, Donald Trump, Zuckerberg, Swift, Musk Organizations: Meta, Service, Elon, Big Tech, Meta's, Business, US Federal Aviation Administration, Twitter, University of Central, X Locations: University of Central Florida, Orlando

☆ Watch CNBC’s full interview with the Brazilian central bank governor
▼ + stars: | 2024-10-22 | 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 EmailWatch CNBC’s full interview with the Brazilian central bank governorRoberto Campos Neto, governor of the Central Bank of Brazil, speaks to CNBC’s Karen Tso at the IMF Meetings in Washington, D.C.

Persons: Roberto Campos Neto, Karen Tso Organizations: Central Bank of Locations: Brazilian, Central Bank of Brazil, Washington ,

☆ What activist hedge fund Starboard wants from Pfizer
▼ + stars: | 2024-10-22 | by ( Alex Nicoll | Kaja Whitehouse | ) www.businessinsider.com time to read: +3 min

Activist hedge fund Starboard has taken a stake in drug giant Pfizer. AdvertisementActivist hedge fund manager Jeff Smith outlined his concerns about drugmaker Pfizer on Tuesday but stopped short of offering a solution — saying that's a job for the board of directors. He also shared a version of the presentation his hedge fund Starboard presented to Pfizer officials at a meeting last week. "We all get measured by our track record," Smith told the crowd. The track record is not great during this period of time in the pharma industry."

Persons: execs, —, Jeff Smith, Smith, Pfizer, It's, I'm Organizations: Pfizer, Service, 13D, pharma Locations: Manhattan, Central, Olive Garden

☆ 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

☆ Behind CNN’s investigation on deceptive political fundraising that costs elderly donors their retirement savings
▼ + stars: | 2024-10-22 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +13 min

CNN —A new CNN investigation documents how political campaigns have deceived the elderly and people with dementia with badgering, personalized text messages and prechecking boxes for recurring donations. Read the report, which illustrates the aggressive text messaging and charts how recurring donations can add up to hundreds of thousands of dollars drained from retirement savings. The team spent a significant chunk of that time gathering and reviewing the stories of elderly donors from a variety of sources: public records, complaints filed with government agencies, lawsuits and cold-calling donors. RAPPARD: Experts we spoke to told us that elderly donors are the backbone of grassroots fundraising efforts. It became clear to us throughout our reporting process the kind of effect these tactics were having on elderly donors.

Persons: Blake Ellis, Melanie Hicken, Yahya Abou, Ghazala, Audrey Ash, Anna, Maja Rappard, ELLIS, WinRed, Donald, Trump, –, ABOU, Casey Tolan, ”, Donald Trump, Don Jr, Karen, Gabe Ramirez, Democratic Sens, Amy Klobuchar, Dick Durbin, WOLF, TRUMP, Marjorie Taylor Greene Organizations: CNN, Republican, New York Times, Republican Party, Golden Eagles, Netflix, Democratic, Federal, Commission, Republicans, Trump Locations: WinRed, inboxes

The Many Links Between Project 2025 and Trump’s WorldFormer president Donald J. Trump has repeatedly claimed that he had nothing to do with Project 2025, the Heritage Foundation’s conservative policy initiative to reshape the federal government. But Project 2025 has numerous ties to Mr. Trump and his campaign, a New York Times analysis has found. L. ZorcJump to the full list of authors, editors and contributorsSpokespeople for Project 2025 have denied that they are advocates for any particular candidate, and Project 2025 has no official ties to the Trump campaign. To limit the appearance of connection, Mr. Trump’s transition team has been excluding prominent people linked to Project 2025 from its preparations. Project 2025 additionally calls for the dismantling of the federal Education Department, which Mr. Trump has also pledged to do.

Persons: Donald J, Trump, Kevin D, Roberts, Edwin J, Trump’s, Albrecht Mark Albrecht, Anderson J, Anderson Jeff Anderson, Anton Michael Anton, Antoni A, Arthur Andrew Arthur, Atkins Paul Atkins, Axelrod Julie Axelrod, Bacon James Bacon, Baehr James Baehr, Baker E, Erik Baptist, Bennett J, Berlau, Berman Russell Berman, Bhagat S, Billy Stephen Billy, Bishop Brad Bishop, Bixby J, Blackman J, Jim, Bovard, Bowman Matt Bowman, Bradbury Steven G, Bradbury, Brashers J, Bronitsky Jonathan Bronitsky, Brosnan Kyle Brosnan, Brown R, Burkett Robert Burkett, Burley Michael Burley, J, Butcher, Mark Buzby, Byfield, Byrd David Byrd, Campau Anthony Campau, Carroll O, Cass B, Cavanaugh Brian J, Cavanaugh, Chretien Spencer Chretien, Christensen V, Coates Victoria Coates, Ellie Cohanim, Cohen Ezra Cohen, Colby Elbridge Colby, Comstock Earl Comstock, Correnti Lisa Correnti, Crowley Monica Crowley, Cunliffe Laura Cunliffe, Sergio de la, Ruyter, Del, Dennis Irv Dennis, DeVore J, Dickerson, Ding Michael Ding, Dodson, Dave Dorey, Eden T, Edgar Troy Edgar, Edlow Joseph Edlow, Ehlinger Jen Ehlinger, Ehrett, Eichamer Kristen Eichamer, Eitel Robert S, Estrada, Farkish Thompson, Feere Jon Feere, Fisher Travis Fisher, Fishman George Fishman, Ford Leslie Ford, Friedman Aharon Friedman, Frohnen J, Frushone Joel Frushone, Fulton Finch Fulton, Gabel Caleigh Gabel, Gaiser Alexandra Gaiser, Garza P, Geller, Gillen J, Gilmore James S, Gilmore, Ginn Vance Ginn, Alma Golden, Gore, D, Greenberg Dan Greenberg, Greenway, Greszler, DJ Gribbin, Grisedale Garrison Grisedale, Grogan Joseph Grogan, Guernsey J, Gunter Jeffrey Gunter, Guy Joe Guy, Guzman Joseph Guzman, Hanania, Harlow David Harlow, Harvey Derek Harvey, Hayes, Edie Heipel, Hemenway Troup, Hoekstra Pete Hoekstra, Hoffman T, Homan Tom Homan, Horner Chris Horner, Howell Mike Howell, Huber Valerie Huber, Hughes Andrew Hughes, Humire, Iacovella, Israel K, Ivory R, Jankowski Roman Jankowski, Jay Carafano James Jay Carafano, Jones, Kao J, Kelson Jared M, Kelson, Kilmartin Ali Kilmartin, Kirchner Julie Kirchner, Kish, Klukowski Kenneth A, Adam Korzeniewski, Bethany Kozma, Kozma Matthew Kozma, Krein, Kurtz, LaCerte David LaCerte, Larkin P, Lawrence Paul Lawrence, Lawrence III James R, Lawrence III, Legates David Legates, Lewis B, Lieberman J, Ligon John Ligon, Lim Evelyn Lim, Lorraine Viña Morgan Lorraine Viña, Loyola Mario Loyola, G, Malcolm J, Masterman, Matthews Earl Matthews, Mauler, McCall, McCotter Trent McCotter, Meadowcroft Micah Meadowcroft, Meese, Melugin, Mermoud, Miller, Mitchell K, Kevin E, C, Morell Clare Morell, Morgan Mark Morgan, Morgen Hunter Morgen, Morrison J, Moy, Murray R, Nabil M, Nasi L, Niemeyer Lucian Niemeyer, Nazak, Milan Nikolich, Nuebel, Kathy Nuebel Kovarik, Orr, Owcharenko Schaefer Nina Owcharenko Schaefer, O’Brien, Michael, Pedersen Leah Pedersen, Pillsbury Michael Pillsbury, Pizzella Patrick Pizzella, Porter K, Kevin Preskenis, Pryor Pam Pryor, Pyle J, Ratcliffe John Ratcliffe, Ray Paul Ray, Reddan J, Richards J, Richardson Jordan Richardson, Richwine Jason Richwine, Ries Lora Ries, Rios, Mark Robeck, Rockas James Rockas, Royce R, Rubinstein Reed Rubinstein, Ruger, Ruse, Sadler J, Sanders, Carla Sands, Sauve, Schaefer, Schuck Matt Schuck, Schwab Justin Schwab, Schweppe, Scribner, Selnick Darin Selnick, Sewell K, Sgamma, Sharp J, Shelton Judy Shelton, Simington Nathan Simington, Smith Loren Smith, Smith J, Spencer A, Spero Adrienne Spero, Spoehr, Onge C, Stanley Chris Stanley, Stannard Paula M, Stannard, Steiger William Steiger, Stein, Stephany Saunders, Stewart Corey Stewart, Stull Mari Stull, Sullivan Katharine T, Sullivan, Swearingen, Sweeney R, Swope Robert Swope, Szabo Aaron Szabo, Katy Talento, Tata Tony Tata, Thurman Todd Thurman, Tolman K, Tonnessen Kayla M, Trotter, Troy C, Tufts Clayton Tufts, Valdez, Mark Vandroff, Vaughan J, Venable, Vollmer, Wallace DeWitt C, Wallace DeWitt, Walsh E, Walsh Erin Walsh, Ward, Waters, William Salter M, Williams Michael Williams, Wolff J, Wolfson Jonathan Wolfson, Alexei Woltornist, Wuco Frank Wuco, Ybarra J, Zadrozny John Zadrozny, ”, John McEntee, James Bacon, Reagan, Howard Lutnick, Joseph R, Biden Jr, Dennis Dean Kirk, Kirk, Mr, “, JD Vance, Roberts’s, Kevin Roberts, Rick Dearborn, Russell T, Evan Vucci, Paul Dans, Dans, Ken Cuccinelli, Christopher Miller, Chip Somodevilla, Samuel Corum, The New York Times Christopher Miller, Biden, Miller’s, Skinner, Gene Hamilton, Hamilton, ” President Biden, Ben Carson, Todd Heisler, Jonathan Berry, Carson, Stephen Moore, Peter Navarro, Navarro, Karen Kerrigan, Ken Cedeno, Edwin Feulner, Robert Bowes Organizations: Heritage, New York Times, Mr, Leadership, Trump, Ivory, Loyola, Poole, Royce, Tufts, Heritage Foundation, The New, The New York Times, Washington Post, Associated Press, White, White House, Republican, Management, Defense , Homeland Security, State, Homeland Security Department, Defense Department, Twitter, State Department, Justice Department, ”, federal Education Department, Urban Development Department, Republican National Convention, Center for American Progress, Small Business Administration, Small Business, Entrepreneurship Council, Federal Communications Commission, Federal Trade Commission Locations: Guernsey, The New York, Palm Beach, Fla, Southern

☆ Kamala Harris: A jittery campaign makes big plans to clinch a narrow win
▼ + stars: | 2024-10-22 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +15 min

To get there, the campaign is finalizing marquee, attention-grabbing events showcasing Harris, with symbolic backdrops aimed at driving home the message. JB Pritzker, a Harris campaign co-chair. Harris supporters wear custom “Kamala is brat” shirts at a rally in Milwaukee on August 20, 2024. The Harris aides CNN spoke to expressed a jittery self-confidence, but they also kept using phrases such as“jump ball” and “down to the wire” and the occasional emoji with nauseous green cheeks. But some Harris voters and even some on-the-ground operatives and volunteers are.

Persons: Kamala Harris ’, They’re, Donald Trump, ”, Arnold Palmer, they’ll, Harris, Jen O’Malley Dillon, ” David Plouffe, Barack Obama’s, ” Plouffe, –, Joe Biden –, Donald Trump wouldn’t, “, JB Pritzker, Kamala, Jovanny Hernandez, Doug, “ Kamala, CNN, ’, Mary, Charlamagne, Julia Roberts ’, “ We’re, Trump, Biden, White, Tim Walz, Charlie Neibergall, ” Walz, Michael Flynn’s, Mike Flynn’s, ’ ” Walz, We’re, Jaime Harrison’s, it’s, Martin Luther King Jr, Harrison, Ketanji Brown Jackson, Frederick Douglass ’, ” Harrison, can’t, Liz Cheney, who’ve, ” Nancy Quarles, ” Quarles, Jennifer Norris, Walz, Blaine McKillip, Ronald Reagan, They’ve, McKillip, ‘, “ I’m, Jim Watson, Chris Deluzio, ” Deluzio, “ They’re, ” Harris, Plouffe, ” CNN’s Alison Main Organizations: CNN, Trump, Democrats, Gov, Milwaukee Journal Sentinel, USA, Jewish, Democratic, Biden, “, Minnesota Gov, Minnesota, Advisers, Democratic National, Pennsylvania Academy, Fine Arts, Supreme, Republican, Wyoming, Republicans, Oakland County Democratic Party, Saunders County Democrats, Harris, Getty Locations: ”, Pennsylvania, Philadelphia, Milwaukee, Southfield , Michigan, Georgia, Minnesota, Papillion , Nebraska, Nebraska, North Carolina, Michigan, Detroit, Wahoo , Nebraska, Omaha, Latrobe , Pennsylvania, AFP, Pittsburgh

☆ Here's why Goldman Sachs' gloomy 10-year stock market forecast is no reason panic
▼ + stars: | 2024-10-22 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

The first line of the note reads: "We estimate the S & P 500 will deliver an annualized nominal total return of 3% during the next 10 years." For starters, nobody knows what the coming decade has in store for the S & P 500. Valuation: Yes, the S & P 500 is currently trading at a historically high multiple. Going out on a limb and making market calls or calls about individual stocks is not for the faint of heart. The S & P 500 has more than doubled since then, advancing about 135%, which amounts to that roughly 13% annual return that Kostin mentioned in his note.

Persons: David Kostin, Kostin, Goldman, it's, Jim Cramer, Stanley Black, Decker, That's, Jim, It's, Goldman Sachs, we're, Jim Cramer's, Brendan McDermid Organizations: Goldman, Goldman Sachs Chief U.S, Equity, Treasury, Nvidia, Federal Reserve, U.S, Jim Cramer's Charitable, CNBC, New York Stock Exchange Locations: Goldman Sachs, U.S, Wells

☆ Gold hovers near record high on safe-haven demand
▼ + stars: | 2024-10-22 | by ( ) www.cnbc.com time to read: +2 min

Gold prices rose on Tuesday and hovered near a record high hit in the previous session amid uncertainties around the U.S. election, ongoing Middle East tensions, and expectations of central banks' interest rate cuts. Gold prices rose on Tuesday and hovered near a record high hit in the previous session amid uncertainties around the U.S. election, ongoing Middle East tensions, and expectations of central banks' interest rate cuts. Spot gold rose 0.4% to $2,729.91 per ounce by 0303 GMT. Gold hit its all-time high of $2,740.37 on Monday and has gained about 32% so far this year. Benchmark 10-year Treasury yields rose to a 12-week high in the last session, while the U.S. dollar clung to a two-and-half-month high on Tuesday.

Persons: Yeap Jun Rong, Donald Trump, Kamala Harris Organizations: U.S, Fed, Citi Research Locations: tailwinds, Israel, Lebanon, Gaza

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