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A photo taken on September 18, 2024, in Beirut's southern suburbs shows the remains of exploded pagers on display at an undisclosed location. “The design and manufacturing of the products are solely the responsibility of BAC,” Gold Apollo said. The allegations raise further questions as to who manufactured the devices and just how they made their way into Hezbollah’s pockets. Hungarian authorities denied Gold Apollo’s suggestion, saying that the Budapest-registered company “is a trading intermediary” with no manufacturing sites in the country. CNN has attempted to reach BAC at the address listed for its office, located in a residential area of Budapest.
Persons: Hsu Ching, kuang, Hsu, Gold, International Communication Zoltan Kovacs, Kovacs, Organizations: Getty, Consulting, , International Communication, CNN Locations: Beirut's, AFP, Lebanon, Budapest, Hungarian, Hungary, ” Hungary’s
Surveys indicate that health care is among the top priorities for voters in the November presidential election. Former President Donald Trump has given little detail about his health care vision; his running mate, JD Vance, has suggested deregulation. Each country was graded on five categories: access to care, care process, administrative efficiency, equity and health outcomes. “For far too many people, high-quality medical care is out of reach.”Dr. Adam Gaffney, a critical care physician at the Cambridge Health Alliance in Massachusetts, pointed out that the U.S. differs from the other countries in one critical area: universal health care coverage. Thursday’s report also listed solutions to the country’s health care problems, including lowering the cost of care and expanding access to coverage.
Persons: Kamala Harris, Donald Trump, JD Vance, ” Dr, Joseph Betancourt, David Blumenthal, , , ” Blumenthal, Lawrence Gostin, Gostin, ” Gostin, Dr, Adam Gaffney, ” Gaffney, Reginald Williams II Organizations: U.S, Commonwealth Fund, Affordable, Australia, New, Centers for Disease Control, O’Neill Institute for National, Global Health Law, Georgetown University, United, Cambridge Health Alliance, Fund, International Health Locations: U.S, United States, Australia, Canada, France, Germany, Netherlands, New Zealand, Sweden, Switzerland, United Kingdom, Massachusetts
Iranian hackers have continued to make attempts since late June to transmit nonpublic stolen material tied to Trump’s campaign to media organizations, according to Wednesday’s statement, which noted that the FBI is tracking the activity. In a statement Wednesday, Trump campaign spokeswoman Karoline Leavitt said Iranians wanted to help Vice President Kamala Harris, who replaced Biden as the Democratic nominee, "because they know President Trump will restore his tough sanctions and stand against their reign of terror." To be known as the Iran, Iran, Iran case!" Harris campaign spokesperson Morgan Finkelstein said the campaign has cooperated with law enforcement since it learned about the hacking effort. Law enforcement agencies contacted those people and the Biden campaign to make them aware of the emails, the sources said.
Persons: Donald Trump’s, Joe Biden's, Trump, Karoline Leavitt, Kamala Harris, Biden, Harris, Morgan Finkelstein, We’re, Finkelstein Organizations: Democratic, FBI, National Intelligence, Infrastructure Security Agency, NBC, Islamic Revolutionary Guard Corps, Trump, Biden, NBC News, Justice Department, United Nations Locations: Iran, Russia, China, Iranian
CNN —The highest peak at Great Smoky Mountains National Park is officially reverting to its Cherokee name more than 150 years after a surveyor named it for a Confederate general. “The Cherokee People have had strong connections to Kuwohi and the surrounding area, long before the land became a national park. Great Smoky Mountains National Park closes Kuwohi every year for three half-days so that predominantly Cherokee schools can visit the mountain and learn its history. Great Smoky Mountains National Park, on the Tennessee-North Carolina border, is America’s most visited national park, and Kuwohi is one its most popular sites, with more than 650,000 visitors per year. The name-restoration proposal was submitted in January by Eastern Band of Cherokee Indians Principal Chief Michell Hicks.
Persons: ” “, Cassius Cash, , Arnold Guyot, Thomas Lanier Clingman, Michell Hicks Organizations: CNN, U.S . Board, Geographic, Eastern, Cherokee, Smoky National, Cherokee People, National, Service, Tennessee -, Representative, Eastern Band Locations: Smoky, Kuwohi, Tennessee, Tennessee - North Carolina, North Carolina
Graham, acting on behalf of the Trump campaign, was working to encourage Pillen to call a special legislative session at which lawmakers could consider changing the state's apportionment of electoral votes, the source said. Nebraska allocates its electoral votes by congressional district. That one electoral vote could prove decisive. Maine is the only other state that does not have a winner-take-all system for electoral votes. The Democratic state House majority leader has said the state should consider switching to a winner-take-all electoral vote system itself as a counter if Nebraska moves to change its system.
Persons: Sen, Lindsey Graham, Jim Pillen, Graham, Trump, Donald Trump, Kamala Harris, Pillen, Nebraskans Organizations: Nebraska Gov, KOLN, Electoral, Trump, U.S . House, Republicans, Republican, Nebraska, Democratic Locations: Nebraska, Omaha, Lincoln, Michigan, Pennsylvania, Wisconsin, Maine
SIREN, Wis. — A 12-year-old boy shot and killed a wounded black bear as it was mauling his father near their hunting cabin in the thick western Wisconsin woods. He shot that bear and killed it on top of me,” said Beierman, who suffered bites to his forehead, arm and leg. Earlier, he and Owen spotted the bear from a tree stand near Siren, Wisconsin, about 90 miles northeast of Minneapolis. Owen fired a shot, wounding the bear, which then ran away. “We were sort of hung up in a thicket when we heard the dog yelp and sprint past us in retreat,” Beierman told the newspaper.
Persons: Ryan Beierman, Owen, “ Owen, , Beierman, ” Beierman, , Organizations: Minnesota Star Tribune, Wisconsin Department of Natural Resources Locations: , Wisconsin, Siren , Wisconsin, Minneapolis
Former President Donald Trump said during a Wednesday rally that he would travel to Springfield, Ohio, the focal point of unsubstantiated claims targeting Haitian migrants, "in the next two weeks." The visit to the beleaguered Ohio city of Springfield would come as Trump has pushed baseless claims about Haitian migrants there eating pets, a false claim that has been repeatedly debunked. NBC News has previously reported that Trump planned to visit Springfield "soon." “In Springfield, they’re eating the dogs," Trump said, falsely, during the debate. They’re eating, they’re eating the pets of the people that live there."
Persons: Donald Trump, Trump, Sen, JD Vance, Rob Rue, Vance, Mike DeWine, Kamala Harris, Organizations: Trump, Venezuelan, Republican, NBC News, Ohio Gov, Haitian Community Support, Springfield Locations: Springfield , Ohio, Springfield, Aurora, Uniondale , New York, Ohio, Aurora , Colorado, Trump
Combs’ attorneys had asked that he be released on bail and said he could post a $50 million bond. Sean "Diddy" Combs in court in New York City on Tuesday. Johnson, the prosecutor, told the judge: “The defendant’s power gives him a unique ability to influence and intimidate witnesses and victims. They settled the lawsuit a day after it was filed without disclosing the terms and with Combs denying any wrongdoing. She said the witnesses who received subpoenas have firsthand knowledge of Combs’ behavior as charged in the indictment.
Persons: Sean Combs, Kalenna Harper, Dawn Richard, Diddy, Combs, Harper, Emily Johnson, Robyn Tarnofsky, Andrew Carter Jr, Sean, Jane Rosenberg, Johnson, ” Prosecutors, Richard, groped, ” Richard, Casandra Ventura, Cassie, ” Johnson, Harper “, hasn’t, Marc Agnifilo, Ventura, , , ” Combs, Agnifilo, ” Agnifilo Organizations: U.S, District, Prosecutors, Bad Locations: New York, U.S, New York City
A 27-year-old Nebraska man who posed as someone a decade younger and attended high school for more than 50 days was sentenced to at least 85 years in prison in connection with sex crimes charges, court documents show. Scheich identified himself as “Zak Hess,” 17, and attended two high schools in Lincoln — Northwest High School and Southeast High School — for 54 days in the 2022-23 school year, officials previously said. A spokesperson for the district where Scheich attended high school also did not respond to a request for comment Wednesday. Charging documents show the crimes he pleaded guilty to mostly occurred in 2022 and 2023. In September, authorities accused a 23-year-old woman of criminal impersonation after she allegedly posed as Scheich’s mother and helped him get enrolled in the schools, according to KOLN.
Persons: Zachary Scheich, won’t, Amber Scholte, Scheich “, Scheich, “ Zak Hess Organizations: NBC, KOLN, Lincoln . Lincoln Police Department, Google, Lincoln — Northwest High School, Southeast High, , Authorities, Police Locations: Nebraska, Lancaster, Lincoln, Neb, Lancaster County, Lincoln —, KOLN
DETROIT – A year after unprecedented strikes by the United Auto Workers against the Detroit automakers, the union is once again threatening work stoppages that could disrupt the U.S. automotive industry. Both announcements amount to warning shots against Ford and Stellantis and center on local union contracts. Local contracts have historically taken months, if not years, to settle after a national agreement is reached. Last year's auto worker strikes came during historic negotiations over national contracts with all three Detroit automakers at once. The UAW did not immediately respond for comment Thursday regarding updates on the announcements or how many local contracts remain under negotiation.
Persons: Shawn Fain Organizations: Mopar, Center, DETROIT, United Auto Workers, Detroit automakers, UAW, Wednesday, Ford, General Motors, Detroit Locations: Center Line, Michigan, Detroit, U.S
CNN —Donald Trump’s obsession with election fraud that doesn’t exist in any significant form could drive the country into a government shutdown — and may even put the Republican House majority at risk. But given the tiny House GOP majority and Trump’s looming presence, every step the speaker takes will be perilous – especially if he hopes to cling to his job if Republicans succeed in holding the House in November. Trump seems to be setting the GOP up for an intra-party fight that could turn into a disaster in November. Win McNamee/Getty ImagesA potential self-inflicted wound for the GOP in Trump’s birth stateIronically, Trump was on Wednesday in the state where his stand could wreak the most political damage for House Republicans. Johnson has been happy to indulge Trump’s voter fraud claims – both after the 2020 election and this cycle.
Persons: Donald Trump’s, Mike Johnson, Trump, Johnson, shutdowns, isn’t, Mitch McConnell, , Win McNamee, Mike Lawler, Kaitlan Collins, ” Lawler, Marc Molinaro, ” Molinaro, , we’ll, Marjorie Taylor Greene, Johnson –, , Kevin McCarthy, Kamala Harris, Republicans don’t, Donald Trump, Frank Franklin II, it’s, relishes, Harris, Joe Biden’s, ” Trump Organizations: CNN, Republican, GOP, Democrats, Capitol, House Republicans, Congressional, New York Republican, Louisiana Republican, Georgia Republican, Democratic, Social Network, Republicans, SAVE, Nassau Coliseum, Trump, New, New York, State, Teamsters Union, Locations: Washington, Kentucky, New York, Uniondale, Uniondale , New York, Long, New York City, New, Florida
On Thursday Israel launched airstrikes against Hezbollah targets in southern Lebanon and on Wednesday Israeli Defense Minister Yoav Gallant stated a “new era” of war is beginning. Several of the hostage families are in Washington this week, just under three weeks from the anniversary of the October 7 attacks. Ronen Neutra, the father of Omer Neutra, said on Wednesday he was “horrified” by Goldberg-Polin’s death. How can it be that an American was murdered, and yet people are in the streets in New York cheering for Hamas? “As far as Prime Minister Netanyahu?
Persons: pagers, ” Adi Alexander, Edan Alexander, Jake Tapper, , Israel, Alexander, Tapper, Yoav Gallant, Joe Biden, , Benjamin Netanyahu, Netanyahu, Biden, Iris Weinstein Haggai, “ It’s, we’re, ” Weinstein Haggai, Jake Sullivan, Hersh Goldberg, Goldberg, Ronen Neutra, Omer Neutra, I’m, ” Neutra, Jonathan Dekel, Chen, Sagui Dekel, ” Dekel, ” “, CNN’s Eugenia Yosef, Arlette Saenz Organizations: CNN, Thursday Israel, Wednesday Israeli, Israeli, United Nations General Assembly, Democratic National Convention, United Nations, General Locations: Gaza, Lebanon, New York, Washington, Israel, United
Bank of England holds interest rates steady after August cut
  + stars: | 2024-09-19 | by ( Jenni Reid | ) www.cnbc.com   time to read: +1 min
Commuters cycles past the Bank of England (BOE), left, in the City of London, UK, on Monday, Sept. 16, 2024. The central bank's Monetary Policy Committee's interest rate decision is scheduled for release on Sept. 19. LONDON — The Bank of England on Thursday said it would hold interest rates steady following its initial cut in August, even after the U.S. Federal Reserve opted for a jumbo rate cut the day before. The Monetary Policy Committee voted by 8 to 1 to hold, with the dissenting member voting for a 0.25 percentage point cut. Many strategists had expected a smaller 25 basis point cut at the September meeting, despite market pricing through this week pointing to more than 50% probability of the more aggressive option.
Persons: BOE Organizations: Bank of England, City of, LONDON, U.S . Federal, Monetary, U.S . Federal Reserve Locations: City, City of London, U.K
The second sign was that Nasrallah’s address – his first since two waves of attacks detonated thousands of Hezbollah wireless devices earlier this week – was very possibly pre-recorded. The leader of the powerful militant group has not delivered a speech in person since the start of Lebanon’s last all-out war with Israel in 2006. In his speech last month, for example, Nasrallah referenced two sonic booms caused by Israeli jets that had broken the sound barrier over Beirut. The roar reverberated throughout the city yet the Beirut-based militant leader neither flinched nor referenced the incident during his speech. Israel’s fighter jets seemed intent to underscore the gains of Tuesday and Wednesday’s attacks on Hezbollah’s wireless devices: the group had been driven deeper underground.
Persons: , Hassan Nasrallah, Nasrallah, , Mohamed Azakir, Reuters Nasrallah, “ We’ve, , group’s Organizations: Beirut CNN, , American University of, American University of Beirut Medical Center, Reuters, of Locations: Beirut, Israel, Lebanon, American University of Beirut, Gaza
Three of Trump's children are employees of World Liberty Financial, including his 18-year-old son Barron, who CoinDesk reported holds the title of "DeFi visionary" at the company. World Liberty Financial's spokesperson, Jim Redner, told BI he has "no information." Both were involved in a project called Dough Finance, whose source code appears remarkably similar to that of World Liberty Financial, Coindesk reported. It's still unclear when World Liberty Financial will begin allowing investors to purchase its tokens. "Attention community: Please be aware of scams and fake tokens," World Liberty Financial posted on Telegram last month.
Persons: , Donald Trump, Trump, Zachary Folkman, Chase Herro, Crypto, he's, Barron, CoinDesk, Herro, they've, Folkman, Jim Redner, I've, Redner, he'd, JPMorgan Chase, Folkman's, Zack Bauer, AmEx, Coindesk Organizations: Service, Liberty, U.S ., Business, Trump, World Liberty, Facebook, Ritz Carlton, Virgin Islands, Liberty Financial's, JPMorgan, Bloomberg, American Express, Finance, Dough Finance, Liberty Financial Locations: Greenwich Village, Caribbean, Puerto Rico, California , New York, Virgin, Los Angeles, San Diego, California
Federal Reserve Chair Jerome Powell has unveiled his latest buzzword to describe monetary policy, with a "recalibration" of policy at a pivotal moment for the central bank. "This recalibration of our policy stance will help maintain the strength of the economy and the labor market, and will continue to enable further progress on inflation as we begin the process of moving forward a more neutral stance," Powell said. Financial markets weren't quite sure what to make of the chair's messaging in the meeting's immediate aftermath. However, asset prices soared Thursday as investors took Powell at his word that the unusually outsized move wasn't in response to a substantial slowing of the economy. The Dow Jones Industrial Average and S&P 500 jumped to new highs in trading Thursday after swinging violently Wednesday.
Persons: Jerome Powell, Powell, didn't, Tom Porcelli Organizations: Financial, Dow Jones Industrial
The price of bitcoin was recently higher by 3.5% at $62,417.48, according to Coin Metrics, building on a rally underway before the central bank decision Wednesday. Stocks tied to the price of bitcoin climbed in early trading Thursday. MicroStrategy , widely used as a high beta play on the price of bitcoin, gained 5%. It isn't out of the woods yet, however, said Yuya Hasegawa, crypto market analyst at Japanese bitcoin exchange Bitbank. "Bitcoin has some time until the BOJ makes the decision and could extend its gain during Thursday's U.S. session.
Persons: bitcoin, Stocks, Yuya Hasegawa, Bitcoin Organizations: Metrics, Federal Reserve, Nasdaq, Bank of, Thursday's U.S
The consensus view is that lower rates will stave off a recession by stimulating economic growth through lower borrowing costs. The hidden danger of a double cutHowever, David Kelly of JPMorgan Asset Management warned that lower rates aren't an economic panacea. In fact, the chief global strategist thinks these cuts could, paradoxically, cause the economy to slow in the near term. Advertisement"The important thing to recognize is that cutting interest rates at the start doesn't stimulate the economy at all," Kelly said on CNBC. "There is a J-curve effect; it actually slows the economy because people begin to anticipate those lower rates, so they want to wait for lower rates."
Persons: , Jim Caron, Claudia Sahm, Jerome Powell, Sahm, Ronald Temple, Kevin Philip of, David Kelly, Kelly, what's, you've, Kelly isn't, it's, they've Organizations: Service, Federal, Business, Fed, Dow Jones, Morgan Stanley Investment Management, CNBC, New Century Advisors, Lazard, Kevin Philip of Bel Air Investment Advisors, JPMorgan Asset Management
CNN —The dappled starlight and swirling clouds of Vincent van Gogh’s “The Starry Night” are thought to reflect the artist’s tumultuous state of mind when he painted the work in 1889. Now, a new analysis by physicists based in China and France suggests the artist had a deep, intuitive understanding of the mathematical structure of turbulent flow. Batchelor’s scaling mathematically represents how small particles, such as drifting algae in the ocean or pieces of dust in the wind, are passively mixed around by turbulent flow. “I think this physical relationship must be embedded in his mind so that’s why when he made this famous ‘Starry Night’ painting, it mimics the real flow,” Huang said. “What I take away from studies like this is that (van Gogh) captured some of this universality in the beautiful (‘Starry Night’),” Beattie added.
Persons: Vincent van Gogh’s, , Yongxiang Huang, Van Gogh, mutilating, van Gogh's, Huang, Andrey Kolmogorov, John Constable, De Agostini, James Beattie, Beattie wasn’t, van Gogh, ” Huang, Beattie, , Van Gogh’s, Yinxiang, Gogh, ” Beattie Organizations: CNN, State Key Laboratory of Marine Environmental Science & College of Ocean, Sciences, Xiamen University, Princeton University, NASA's, NASA Goddard Space, NASA’s, Museum of Modern Art Locations: China, France, Saint, Provence, Soviet, Brighton, British, New Jersey, New York
Darden Restaurants — Shares advanced nearly 11% after the restaurant operator announced a multiyear partnership with Uber for on-demand delivery later this year. The company reported weaker-than-expected quarterly earnings and revenue, however, as its sales weakened at Olive Garden and its fine dining restaurants. DoorDash — The food delivery stock rose more than 3% after an upgrade to buy from neutral at BTIG. Alibaba – Shares rose more than 4% after the Chinese e-commerce company launched more than 100 open-source artificial intelligence models and a text-to-video tool. FedEx — Shares rose more than 1% ahead of the shipping giant's first-quarter earnings report due after the bell.
Persons: Uber, Jefferies, chipmakers, FactSet, Alibaba, Max, Stocks, bitcoin, — CNBC's Sean Conlon, Alex Harring, Samantha Subin, Jesse Pound, Brian Evans, Sarah Min, Michelle Fox Theobald Organizations: Darden, Olive, NextEra Energy, Nvidia, Arm Holdings, Micron, Micron Technology, FedEx —
Moscow — Vladislav Bakalchuk, the estranged husband of Russia’s richest woman, was arrested and charged with murder Thursday, his lawyers said, after a deadly shootout at the Moscow office of Russia’s largest online retailer. Two people were killed in a shooting Wednesday just a few blocks away from the Kremlin at the Wildberries office, as a dispute over the company’s future took a violent turn. Tatyana founded Wildberries, Russia’s answer to Amazon, in 2004, growing it from an online clothes reseller into a major marketplace for all kinds of goods. Tatyana Bakalchuk, billionaire and chief executive officer of Wildberries OOO, pictured in her office in Moscow, Russia, on Feb. 16, 2021. Tatyana said Vladislav and his colleagues had tried to seize the office and that there was no meeting scheduled.
Persons: Moscow — Vladislav Bakalchuk, Russia’s, Vladislav, Tatyana Bakalchuk, Wildberries, Russ, Tatyana, Elena Chernyshova, Robert Mirzoyan, Ramzan Kadyrov, Vladimir Putin’s, “ Vladislav Organizations: Kremlin, Russ Group, Bloomberg, Getty Locations: Moscow, Russia, RVB, Wildberries, Soviet Union
The best way to approach health care, in addition to traditional medicine, in Hotz's opinion, is social prescribing. This is the future Julia Hotz, author of " The Connection Cure ," hopes will become a reality in every country. Or you can create your own art to channel some of the heavy emotions you're feeling into something beautiful. Search for belonging when you're feeling lonelyOne of the most fundamental human needs is to have a sense of belonging, Hotz says. "Instead of replacing other kinds of medicine, social prescriptions complement them," Hotz wrote in her book.
Persons: Hotz, Julia Hotz Organizations: Solutions, Research, Harvard, CNBC Locations: U.S
Karachi, Pakistan — Police in southern Pakistan shot dead a blasphemy suspect during an alleged shootout with armed men, officials said Thursday, the second such apparent extra-judicial killing in a week, drawing condemnation from human rights groups. Videos circulating on social media showed local clerics throwing rose petals at police and praising officers for killing the blasphemy suspect. There was no immediate clarification from the Sindh government about the circumstances in which the suspect was killed. The latest killing comes a week after an officer opened fire inside a police station in the southwestern city of Quetta, fatally wounding Syed Khan, another suspect held on accusations of blasphemy. Pakistan has witnessed a surge in attacks on blasphemy suspects in recent years.
Persons: Shah Nawaz, Mohammed, Niaz Khoso, Nawaz, , Khoso, , HRCP, Syed Khan, Khan, Mohammad Khurram, , Islam Organizations: Pakistan — Police, Police, Local, Human Rights Locations: Karachi, Pakistan, Umerkot district, Sindh province, Mirpur Khas, Sindh, Umerkot, Quetta, Madyan, Punjab, Jaranwala
This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Its intent was clear: to develop India's manufacturing capabilities in sectors like automotives, electronics, pharmaceuticals and aerospace while creating opportunities for locals. India's manufacturing sector has seen "remarkable" growth says, Samir Kapadia, founder and CEO of B2B marketplace India Index. "These infrastructural shifts in India have improved connectivity within and outside the country putting India at a very different playing field than it was 10 years ago when 'Make in India' started," Kapadia told CNBC's Inside India. India vs. other emerging marketsWhile India looks to poach China's manufacturing share, other countries like Indonesia, Vietnam, Bangladesh and Mexico are also stiff competitors.
Persons: Wistron, Narendra Modi, Foxconn, Samir Kapadia, Kapadia, CNBC's, U.S . Franklin Templeton's Yi Ping Liao, Liao, Deveshwar Organizations: Tata Group, Indian, Apple, Dixon Technologies, Kia, Divi's, Novartis, GSK, Merck, China, U.S ., TS Lombard, Inside, Mutual Fund Locations: India, China, Silicon Valley, Bengaluru, Kolar, Doddaballapura, Foxconn, Kia India, Anantapur —, Indonesia, Vietnam, Bangladesh, Mexico, Asia, Inside India, Brazil
Ray Dalio said the 2024 U.S. elections will likely be the most important of his lifetime and he thinks the country needs a "strong leader of the middle." "As far as the election goes, it's going to be the most consequential election of my lifetime because we now have irreconcilable differences between the two sides," he said. "The first question we'll ask is: will we have an orderly transition of power? We have the question- the fact that it is possible — that election results may not be accepted — that's quite something." On Wednesday, Dalio had named the elections as a major force shaping the global economy, calling it an "issue of internal order and disorder."
Persons: Ray Dalio, Dalio Organizations: Bridgewater Associates, CNBC Locations: U.S
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