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"Since 2014, 12 states have passed minimum wage increases through ballot measures," Martinez Hickey told CNBC. Meanwhile, voters in Arizona will decide on a ballot measure that would lower the minimum wage for tipped workers. Here's what's at stake for workers who make the minimum wage, and the employers who pay them, in next month's election. 1 would raise the minimum wage to $13 in 2025, and to $14 in 2026. Question 5 in Massachusetts would slowly phase out its tipped minimum wage of $6.75 per hour, until it eventually matches the state's standard minimum wage by 2029.
Persons: Lucy Nicholson, Sebastian Martinez Hickey, Martinez Hickey, Here's, erick Pasquier, Joelle, Hall, Kati Capozzi, Capozzi, Richard von Glahn Organizations: California Labor, Reuters, Economic, Institute, CNBC, Alaska AFL, Alaska Chamber, Healthy Families, San Francisco, LAO, Massachusetts Institute of Technology Locations: Alaska , Missouri, California, Arizona, Alaska, United States, Bering Sea, Missouri, North America, U.S, Massachusetts Institute of Technology . Massachusetts, Massachusetts
NATO officials say they are preparing for the US to take on a lesser role. “I’m very worried,” the NATO official said. But that mechanism, known as NATO Security Assistance and Training for Ukraine, is not yet fully operational and won’t be for several more months, another NATO official said on Friday. Russia alone is producing around 3 million munitions per year, while NATO collectively is producing less than 2 million annually, NATO officials said on Thursday. NATO Secretary General Mark Rutte said on Thursday that he was confident the alliance “will not lose” its unity when it comes to Ukraine.
Persons: Donald Trump, Defense Lloyd Austin, Volodymyr Zelensky, , Joe Biden, Austin, Trump, Biden, James O’Brien, O’Brien, , ” Austin, Russia It’s, Mark Rutte, Vladimir, Putin Organizations: Brussels CNN, NATO, Defense, Ukraine, Trump, , NATO Security Assistance, Training, State, Eurasian Locations: Brussels, Ukraine, Iran, North Korea, China, Russia, , Europe, NATO, EU, Hungary, Riga, ” North Korea, Moscow, Korea, Kyiv,
The onshore yuan ticked 0.06% higher to 7.1199 per dollar, while its offshore counterpart rose 0.12% to 7.1282. Data on Thursday showed U.S. retail sales growth was higher than expected and the ECB cut interest rates by 25 basis points. "All of that has played in to a stronger dollar," said Jason Wong, senior strategist at BNZ in Wellington. The New Zealand dollar was similarly eyeing a 0.75% fall for the week and was little changed at $0.6063 in the Asia session. The U.S. dollar index hit a 2-1/2 month high of 103.87 on Thursday and is up nearly 0.8% forthe week thus far.
Persons: Donald Trump, Ho Woei Chen, Jason Wong, There's, Yahya Sinwar, Israel's, Benjamin Netanyahu, Sterling Organizations: European Central Bank, People's Bank of China, Securities, Fund, Insurance, ECB, Reuters, Trump, New Zealand, Bank of England, U.S Locations: Asia, China, Wellington, U.S, Israel, Gaza
But there has been a surge in actively managed ETFs as investors seek lower costs and more precision, experts say. Active ETFs represented just more than 2% of the U.S. ETF market at the beginning of 2019. There are a few reasons for the active ETF growth, experts say. Still, only a fraction of issuers have been successful in the active ETF market. Active ETFs allow 'tactical adjustments'While passive ETFs replicate an index, such as the S&P 500 , active managers aim to outperform a specific benchmark.
Persons: Morningstar, Stephen Welch, Welch, Jon Ulin Organizations: Getty, Exchange, U.S, Morningstar, U.S . Securities, Exchange Commission, Ulin, Wealth Management Locations: Boca Raton , Florida
"As evidenced by XLV [Health Care Select Sector SPDR Fund], price is back through the 50 day [moving average] on this relief rally," he said. "Not yet overbought, it looks to us like the early innings of a reacceleration back towards the highs. XLV YTD mountain Health Care Select Sector SPDR Fund year to date On top of that rally is the added benefit of dividend payouts on many health care stocks. At least 51% of the Wall Street analysts who cover each stock rates it a buy, according to FactSet data. CI YTD mountain Cigna year to date Cigna beat earnings and revenue estimates in its second quarter when it reported results in August.
Persons: Rob Ginsberg, Abbott, Robert Ford, Dickinson, Cigna, Lina Khan, Merck Organizations: Wolfe Research, SPDR, CNBC Pro, Wall Street, nab, Abbott Laboratories, Company, Cigna's, Federal Trade Commission, CVS Health, UnitedHealth, Merck, Co Locations: . Connecticut
Separately, CVS issued third-quarter adjusted earnings guidance between $1.05 and $1.10 per share, far weaker than the FactSet consensus estimate of $1.69 a share. MGP Ingredients — Shares tumbled 26% after MGP Ingredients, a distilled spirits producer, issued preliminary third-quarter earnings and revenue guidance that missed expectations. Earnings of $1.23 per share missed the FactSet consensus estimate of $1.34 in earnings per share. Comerica reported $1.33 in earnings per share, compared to $1.17 per share expected by analysts, according to FactSet. Still, adjusted earnings of 89 cents per share beat the expected earnings per share of 88 cents.
Persons: Lamb Weston —, Jana Partners, Lamb Weston, David Joyner, Karen Lynch, LSEG, LSEG ., Riley, Ally, FactSet, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Hakyung Kim, Jesse Pound Organizations: Netflix, U.S . Cellular, Telephone, Data Systems, U.S, Cellular, Verizon Communications, CVS, MGP, American, Apple —, Bloomberg, Counterpoint Research, Western, Western Alliance, LSEG, LSEG . Fifth Third, Fifth Third Bancorp, Comerica, Holdings Locations: U.S, China
Grant said stocks could soon enter a period of weak returns, possibly for "many years." AdvertisementThe bull market in stocks looks like it's close to the top, according to an investment chief. AdvertisementSentiment and position indicators are also flashing signs investors are overexcited about the stock market, Grant said. The 3-month moving average of year-ahead stock market expectations has climbed to its highest on record, according to Conference Board data. That suggests there's little "cushion" in the event the stock market declines or experiences a shock, Grant said.
Persons: Michael Grant, Grant, , subpar, Morgan Organizations: Calamos Investments, Service, Conference, Board, Federal, Federal Reserve, Governors, Morgan Research, Bloomberg, Investors
Tom Holland said that the "Spider-Man 4" script "needs work." AdvertisementTom Holland, the star of "Spider-Man 4," has some reservations about the movie so far. In a recent interview he said a draft script he read "needs work" before Marvel Studios and Sony can start filming. AdvertisementHolland said: "It needs work, but the writers are doing a great job. Related storiesThe previous movie, "Spider-Man: No Way Home," earned $1.9 billion according to Box Office Mojo, setting big expectations for its sequel.
Persons: Tom Holland, Zendaya, , Holland, Tobey Maguire, Andrew Garfield, Peter Parker, we're Organizations: Service, Marvel Studios, Sony, Office Mojo, Marvel
LONDON — Cybersecurity firm Wiz is seeking to hit $1 billion of annual recurring revenues next year, the company's billionaire co-founder Roy Reznik told CNBC, adding that the firm will go public "when the stars align." Earlier this year, the company rejected a $23-billion acquisition bid from Google , which would have marked the tech giant's largest-ever takeover. At the time, Wiz CEO Assaf Rappaport said the startup was "flattered" by the offer, but would remain an independent company and aim to list instead. "We've already broken a few records as a private company, and we believe we can also break a few more records as an independent public company as well," Reznik said. Four-year-old Wiz has raised $1.9 billion in venture capital to date, including $1 billion secured this year in a funding round led by Andreessen Horowitz, Lightspeed Venture Partners and Thrive Capital at a valuation of $12 billion.
Persons: Wiz, Roy Reznik, Assaf Rappaport, Reznik, Andreessen Horowitz Organizations: CNBC, Amazon Web Services, Microsoft, Google, Lightspeed Venture Partners Locations: Tel Aviv, Israel, London
CNN —Texas death row inmate Robert Roberson sat praying in a cell Thursday night, just feet from the execution chamber where he was set to die by lethal injection for the “shaken baby” death of his toddler. Just over 90 minutes before Roberson’s execution was set to begin, the House committee was able to secure a temporary restraining order against the state, pausing the execution. Roberson’s case is called into questionAdvocates for Roberson insist the diagnosis that his daughter died from shaken baby syndrome is inaccurate and has been discredited. Shaken baby syndrome is accepted as a valid diagnosis by the American Academy of Pediatrics and supported by child abuse pediatricians who spoke with CNN. Since 1992, courts in at least 17 states and the US Army have exonerated 32 people convicted in shaken baby syndrome cases, according to the National Registry of Exonerations.
Persons: Robert Roberson, Nikki, Roberson, God, , , Amanda Hernandez, Robert Roberson –, Gretchen Sween, Joe Moody, Jeff Leach, Jennifer Roberson, Robert, “ It’s, Brian Wharton, Wharton, ” Wharton, “ We’ve, ” Roberson, , Moody, Leach, Greg Abbott, Ken Paxton, pediatricians, Nikki Curtis, Nikki “, Dr, Sandeep Narang, Antoinette Laskey Organizations: CNN, Texas Supreme, Texas House, Texas Department, Criminal, Texas, US, Appeals, Criminal Justice, Division, Texans, Huntsville Unit, Texas Capitol, Texas Gov, American Academy of Pediatrics, US Army, National Registry, American Academy of Pediatrics ’, Child Locations: Texas, Palestine , Texas
The 50th season of "SNL" premiered last month. Since the first show in 1975, 165 comedians and actors have been a part of "SNL." Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Here's what all 165 cast members of "SNL," from the original "Not Ready for Primetime Players" to the current cast of season 50, are doing now.
Persons: , Adam Sandler, Forbes, Darcy Schild Organizations: Service, NBC, Studio 8H
Storied Swiss watch maker Patek Philippe announced its first new collection in 25 years this week, dubbed the Cubitus line. The new collection comes at a time when luxury watch prices have largely stabilized, fueled by strong demand. Patek Philippe's new collection also includes new cufflinks, designed to match the watches with a white-gold frame that reflect the case's shape. Patek Philippe, founded in 1839, is often referred to as one of "The Holy Trinity" in watch making, along with Audemars Piguet and Vacheron Constantin. The brand's last new collection before the Cubitus line was back in 1999 when it released the Twenty~4 design.
Persons: Patek Philippe, it's, Audemars Piguet, Vacheron Constantin, Patek Locations: Swiss
The probe follows reports of crashes in low visibility areas with Full Self-Driving engaged. AdvertisementTesla is facing a fresh investigation from the national auto safety watchdog after reports of four crashes in which its Full Self-Driving technology was engaged. The new probe will cover 2.4 million Tesla vehicles. In April, the NHTSA started a separate probe into Tesla over crashes involving its Autopilot program. The regulator said at the time that it investigated 956 Tesla crashes in which Autopilot was involved between January 2018 and August 2023.
Persons: Tesla, , FSD, Elon, Phil Koopman Organizations: National, Traffic Safety Administration, Service, regulator's, Carnegie Mellon University, NHTSA, Business Locations: California, Koopman
CNN —Despite Angel Reese being one of the major factors in the WNBA’s surge in popularity this season, alongside rival Caitlin Clark, the Chicago Sky star said that her rookie salary doesn’t cover her rent. Speaking on an Instagram live on Wednesday, Reese said her monthly rent is $8,000 – totaling $96,000 for the year – while her WNBA salary was $73,439. “I just hope y’all know the WNBA don’t pay my bills at all. Reese – a rebounding and double-double machine – enjoyed a record-breaking rookie season, which was cut short by a wrist injury at the start of September. Reese told ESPN earlier this year that her WNBA salary is a “bonus” on top of her NIL deals.
Persons: Angel Reese, Caitlin Clark, Reese, Hatin ’, , , y’all, Reese –, Sylvia Fowles, A’ja Wilson, Geoff Stellfox, – Reese, Breanna Stewart, Napheesa Collier Organizations: CNN, Chicago Sky, WNBA, Las Vegas Aces, LSU Tigers, Reebok, Dre, ESPN, Sports Illustrated
Keep reading to learn where to watch the Liberty vs. Lynx, whether you have cable or are seeking a live streaming alternative. What channel is Liberty vs. Lynx on? Game 4 of the Liberty vs. Lynx WNBA Finals match-up will be broadcast on ESPN in the US. ET, but WNBA Countdown coverage begins at 7:30 p.m.Where to watch Liberty vs. Lynx in the USCord-cutters can watch the game through most major live TV streaming packages, including Sling TV, Fubo, and DirecTV Stream. Check price at ExpressVPNHow to watch Liberty vs. Lynx with a VPNSign up for a VPN if you don't already have one.
Persons: Sabrina Ionescu, they'll, Napheesa Collier's, Fubo, ExpressVPN Organizations: Business, Liberty, ., The New York Liberty, Las Vegas Aces, Minnesota Lynx, New York, Lynx, . Lynx, ESPN, Sling, DirecTV, ESPN2, ESPN3, DirecTV Stream, Basketball Locations: Minneapolis, New York, Minnesota, Fubo
Three London stocks are on the march and are expected to rise by more than 50% over the next 12 months. TM17-GB 1Y line More recently, RBC said the company reported "a good set of results" in September. The company reported £80.6 million in total sales, missing revenue expectations of £81.5 million marginally. Wheeler also noted that the stock had "significant upside potential" after the company reported its first-half results on July 26. RBC analyst Charles Weston said the stock remains "materially undervalued" after the company reported its first half-year financial results.
Persons: Debbie Bestwick's, Steve Bell's, Frank Sagnier's, Ross Broadfoot, Broadfoot, Team17, RBC's Alexander Wheeler, Wheeler, Charles Weston, OXB Organizations: CNBC Pro, RBC Capital Markets, RBC, Drax, Oxford Biomedica, Oxford, University of Oxford Locations: London, England, Team17
Recently, though, they've found something new to love about the wholesaler: precious metals. But it's far from the first time precious metals have been in vogue, especially among people looking to invest in them. In other words, with platinum not having changed much in price during gold's recent rise, precious metals investors may be wondering if it's the next big thing. But potential investors in gold or platinum should know some key differences. How to invest in precious metals
Persons: they've, Costco's, Trevor Yates, Rob Haworth, They're, Yates Organizations: Costco, Global, U.S, Bank Wealth Management
Harvard donations are down following a year of campus turmoil. AdvertisementHarvard saw a dip in donations in the most recent fiscal year amid a wave of big-name backers pulling their financial support after fallout from the university's response to the Israel-Hamas war. In fiscal year 2024, which ended June 30, the Ivy League institution brought in just under $1.2 billion in cash gifts, according to a Harvard financial report released Thursday. Some wealthy alumni publicly vowed to suspend donations to Harvard following the university's bungled response to the campus unrest that spread across higher education institutions nationwide last year. Earlier this month, Garber hinted at the coming downturn in donations, telling the university's student newspaper, The Harvard Crimson, that the year's commitments were "disappointing" compared to prior years.
Persons: , Alan Garber, Garber, Ritu Kalra, Kalru, Karlu, Claudine Gay Organizations: Service, Harvard, Ivy League, University, Business, Harvard Crimson, Bloomberg Locations: Israel
On Saturday morning, the friend called 911 and said he’d found Kjersem’s bloodied body in a tent about two-and-a-half miles up Moose Creek Road, east of Big Sky. Kjersem’s friend, who authorities did not identify, told them he found his body around 10 a.m. Saturday. “Anyone with trail or game cameras in the Moose Creek area, please reach forward, even if the footage seems irrelevant,” Sheriff’s Capt. “Anyone with in-car cameras traveling in the Moose Creek area during this time frame … anyone who saw the victim’s truck,” he added. Investigators have not determined Kjersem’s time of death and have not made any arrests.
Persons: Dustin Kjersem, , he’d, Kjersem, , ” Gallatin County Sheriff Dan Springer, , ” Springer, ” Kjersem, Jillian Price, Springer, Kjersem's Ford, don’t, Nathan Kamerman Organizations: CNN, Moose, Big Sky, ” Gallatin County Sheriff, US Forest Service, Authorities, Gallatin County Sheriff's, Montana Department of Fish, Wildlife & Parks Locations: Montana, Big, ” Gallatin County, Gallatin County, Belgrade , Montana, Moose, Western Montana
The skyline of the central business district in Beijing on August 13, 2019. (Photo by WANG Zhao / AFP)Asia-Pacific markets opened mixed Friday, as investors awaited key economic data from China and assessed Japan's inflation numbers. China's third-quarter GDP is expected to come in at 4.5%, as estimated by economists in a Reuters poll, compared with 4.7% growth in the prior quarter. China is set to release its house prices index for September at 9:30 a.m. local time. Japan's headline inflation for September came in at 2.5%, while core CPI — which excludes fresh food prices — rose 2.4% year on year compared with Reuters estimates of 2.3%.
Persons: WANG Zhao Locations: Beijing, AFP, Asia, Pacific, China
But in an announcement Thursday, the US Treasury Department accused the Chinese firms of direct involvement in arms supplies to Moscow. The Chinese companies had collaborated with Russian defense firms in the production of Moscow’s “Garpiya series” long-range unmanned aerial vehicles, the department said in a statement. “The Garpiya has been deployed by Russia in its brutal war against Ukraine, destroying critical infrastructure and causing mass casualties,” it said. “We have seen for some time Chinese companies providing components to Russian companies that Russian companies then use to turn into machinery, weapons, other components that Russia could use in its war,” State Department spokesman Matthew Miller told reporters Thursday. In the latest sign of their deepening alignment, Chinese and Russian defense officials vowed to strengthen their cooperation during meetings in Beijing last week.
Persons: , Redlepus, TSK, Matthew Miller, , Liu Pengyu, Andrey Belousov, Zhang Youxia Organizations: Hong Kong CNN, US Treasury Department, CNN, Xiamen Limbach Aircraft, Redlepus Vector Industry Shenzhen Co, Treasury Department, US, TSK Vektor, , Reuters, China’s, Military Commission Locations: Hong Kong, United States, China, Russia, Ukraine, Washington, Beijing, Moscow, Xiamen, Russian, ’ Beijing, U.S,
The Federal Reserve cut its interest rates one month ago, on September 18. One month ago, the Federal Reserve cut interest rates by 50 basis points — the first Fed rate cut since early 2020. High-yield savings account rates at bigger banks — such as Ally, Synchrony, and BMO Alto — have fallen below 5% interest, but they're still significantly higher than average savings account interest rates. High-yield checking account rates earn up to 7% APYThe best high-yield checking accounts have been impacted the least by Fed rate cuts. Featured High Interest Checking Account Offers Compare checking accounts that offer high APYs, rewards on debit card purchases, or both.
Persons: LendingClub, Synchrony, they're, we've Organizations: Federal Reserve, Here's, Newtek Bank, BMO Alto, Money Market, Federal Credit Union Locations: Pibank, U.S
Hurricane Milton's estimated damage to Florida's agriculture could go up to $2.5 billion. That's according to estimates from the Florida Department of Agriculture and Consumer Services. AdvertisementHurricane Milton singlehandedly wrecked as much havoc on Florida's agriculture as three other major hurricanes combined, according to new estimates from the state's agriculture department. The commodities affected by hurricane damage include animal products, citrus and non-citrus fruit farming, field crops, greenhouses, and vegetable farming, per the damage assessment. Representatives of Florida's Department of Agriculture didn't respond to a request for comment from Business Insider, sent outside business hours.
Persons: Idalia, Debby, , Milton, — Helene, Wilton Simpson, Tom Vilsack, Simpson, Hurricane Milton, Hurricane Helene, Helene Organizations: Florida Department of Agriculture, Consumer Services, Hurricanes, Service, Milton, US Department of Agriculture, Department of, Agricultural Statistics Service, National Agricultural Statistics Service, Fitch, Hurricane, Analytics, Moody's Analytics, Florida's Department, Agriculture, Business Locations: Milton, Florida, Florida's
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Better-than-expected growth for ChinaChina's third-quarter gross domestic product expanded by 4.6% year on year, according to the National Bureau of Statistics. Chinese and U.S. retail sales going strongChina's retail sales for September grew 3.2% from a year ago, said the National Bureau of Statistics. Across the Pacific Ocean, retail sales in the U.S. rose a seasonally adjusted 0.4% for September.
Persons: Dow Jones, Pat Gelsinger, Altera Organizations: CNBC, China, National Bureau of Statistics, Dow, Dow Jones, Nasdaq, Intel, U.S . Federal Reserve Locations: U.S, Asia, Pacific, Shanghai
CNN —Moving from Tehran to the more northerly lakeside city of Rasht aged 13, Khashayar Javanmardi’s youth was punctuated by weekends and extended holidays on the Iranian coastline of the Caspian Sea. “As an artist, I’ve always wanted to be an honest witness.”Locals call it the lake "Mother Caspian." Khashayar Javanmardi 2024 courtesy Loose JointsThe book oscillates between landscapes, portraits and the quiet scenes that fit somewhere in the middle. Khashayar Javanmardi 2024 courtesy Loose Joints“A question that I asked people was, ‘what is the role of the Caspian in your life?’,” said Javanmardi, who began working on the project at Iran’s Anzali Lagoon. Khashayar Javanmardi 2024 courtesy Loose JointsDespite the recklessness of higher political powers, during his travels Javanmardi found a sense of community in the people he met.
Persons: Khashayar, reminisced, Javanmardi, , I’ve, Nathalie Herschdorfer, Caspian, , , , ” Javanmardi, “ I’ve, Organizations: CNN, UN, Elysée Museum, Environment Department Locations: Tehran, Rasht, Europe, Asia, Iran, Russia, Azerbaijan, Kazakhstan, Turkmenistan, Lausanne, Switzerland, Ukraine, Kiashahr Port
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