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CNN —Former President Donald Trump and Vice President Kamala Harris have laid out a broad array of ideas aimed at making life more affordable and strengthening the economy, which rank at the top of voters’ concerns. Both Trump and Harris have rolled out pricey provisions without specifying how they would cover the cost. Though his campaign hasn’t released details on the proposal, Trump has indicated that he would eliminate both federal income taxes and payroll taxes, which fund Social Security and Medicare. Around half of beneficiaries – mainly those with higher incomes – pay federal income tax on their Social Security payments. Harris’ plan would also accelerate the speed of Medicare’s drug price negotiations so that the costs of more medications come down faster.
Persons: Donald Trump, Kamala Harris, hasn’t, Harris, Harris ’, Trump, Joe Biden’s, Biden, Sen, JD Vance, Trump’s, ” Harris, USMCA, ” Trump, He’s, Elon Musk, John Deere, ” Vance Organizations: CNN, Trump, Yale University, Security, Social Security, Center, Social, Rescue, Medicare, GOP, Biden, Republican Party, ” Invest, America, Federal Reserve, American Locations: Nevada, Las Vegas, Mexico, Canada, Texas, Florida, Harris, Midwest
Between 2022 and 2023, over 690,100 people left California, according to new census data. So, in January 2022, Speakman and her family packed up and left Temecula, California, for the Dallas-Fort Worth area. AdvertisementBetween 2022 and 2023, about 54,200 people also left California for Arizona, a decline from 74,100 the year before. AdvertisementWhere people are moving to California fromWhile fewer people from other states moved to California between 2022 and 2023 than between 2021 and 2022, the allure of the Golden State remains robust. She left California seeking a more favorable political climate and a better chance at achieving the American dream.
Persons: , Kellee, California's COVID, Speakman, Jeffrey VonderHaar, Jeffrey VonderHaar Jeffrey VonderHaar, VonderHaar, Michelle Clifford, Michelle Clifford Michelle Clifford, Clifford, Abby Raisz, Raisz, It's, Kimberly Wilkerson, Wilkerson, Dannielle Price, Eiman, Zora, Price Dannielle Price, Price, Eiman Monam Organizations: Golden State, Service, Texans, Dallas, American Community Survey, BI, Council Economic Institute, CBS News Locations: California, Texas, Temecula , California, Fort Worth, Golden State, Arizona, Nevada, Washington, Florida, California's, Calabasas , California, Houston, Celina, Dallas, New York, Oregon, Illinois, Bay, Austin , Texas, Oakley , California, Austin, Tyler , Texas, Riverside , California, Henderson , Texas, Tyler
The Rogan interview is a continuation of Trump turning to nontraditional media outlets, including podcasts, in the weeks leading up to Election Day. Rogan also invited Vice President Kamala Harris to do an interview, but her campaign has declined. Later in the interview, Rogan seemed to foreshadow the fact that Trump’s Lee comment could get him criticized. Vice President Kamala Harris had also been in talks to do an interview with Rogan but it didn’t pan out. As the third hour of the interview approached, Trump said he realized he needed to get to a scheduled rally in Michigan, which he was late for because of the length of the Rogan interview.
Persons: Donald Trump, Joe Rogan, Trump, Rogan, Kamala Harris, Harris, , ” Trump, that’ll, , Joe Biden, John Kelly, ” Rogan, we’ve, Robert E, Lee, Rogan chimed, Trump’s Lee, “ Donald Trump, Robert F, Kennedy Jr, Ian Sams, Mike Johnson of, Mitch McConnell, “ I’ve Organizations: New York Times, South, Trump, MSNBC, Republican, Kentucky Locations: Traverse City, Mich, Ukraine, United States, Las Vegas, Mike Johnson of Louisiana, Michigan
They Used to Be Ahead in the American Economy. But over 40 years, even as their inflation-adjusted income has remained relatively flat, they’ve fallen well below the average income. But over 40 years, even as their inflation-adjusted income has remained relatively flat, they’ve fallen well below the average income. In the reordering of the U.S. economy since 1980, white men without a degree have been surpassed in income by college-educated women. As the American economy has shifted over the past 40 years away from manufacturing and toward services and “knowledge” work, this less visible hierarchy within the economy has shifted, too.
Persons: Jobs, metalworkers, , , Kathy Cramer, David Autor, Tom Kochan, Susan Houseman, , Lisa Boscola, Arlie Hochschild, , appraisers, Cramer, Scott Paul, who’ve, Stephanie Ternullo, Boscola, they’re, Donald J, Noam Gidron, Trump, Rather, Biden, Kamala Harris, Stefanie Stantcheva, Stantcheva Organizations: University of Wisconsin, Workers, Labor, Upjohn Institute, Employment Research, Democratic, Bethlehem Steel, Berkeley, Alliance for American Manufacturing, Harvard, Electoral College, Democratic Party, Republican, Securities, Bank, Radio, Observers, Mr, Obama Locations: American, U.S, Wisconsin , Michigan, Pennsylvania, M.I.T, Manitowoc County, Wis, Wisconsin, Michigan, , I’m, America, Bethlehem, Pa
BEIJING, China — China will offer the Taliban tariff-free access to its vast construction, energy and consumer sectors, Beijing’s envoy to Afghanistan said on Thursday, as the ailing resource-rich but diplomatically-isolated regime looks to build up its markets. “China will offer Afghanistan zero-tariff treatment for 100% tariff lines,” Zhao Xing, Chinese ambassador to Afghanistan, wrote on his official X account late on Thursday, above a photo of him meeting acting deputy prime minister Abdul Kabir. The country exported no commodities to China last year, the data shows, but Zhao has regularly posted photos of him meeting Taliban officials responsible for mining, petroleum, trade and regional connectivity since his appointment last September. “In the Horn of Africa, China’s Special Envoy Xue Bing said that the best way to resolve security and terrorism challenges is through economic development. I think they are bringing that same mindset to Afghanistan,” said Eric Orlander, co-founder of the China-Global South Project.
Persons: Zhao Xing, Abdul Kabir, Zhao, Xue Bing, , Eric Orlander Organizations: Locations: BEIJING, China, Afghanistan, Beijing, Xinjiang, Pakistan, of Africa
Here’s what you need to know:Which states have voting leave laws? Among states with voting leave laws, they most typically require employers to allow either one, two or three hours off. Most of the states requiring employers to permit voting leave also require that this time be paid. For instance, the leave laws in New York and California require you to give at least two days’ notice. Even if you live in a state without a voting leave law, your company may voluntarily permit time during working hours to vote.
Persons: Fisher Phillips, ” Fisher, Phillips, Jeanette Senecal, ” Senecal Organizations: CNN, District, Columbia, National Conference of State Legislatures, District of Columbia, Virgin, Oklahoma, League of Women Voters Locations: North Dakota, Alabama, Alaska , Arizona , Arkansas , California , Colorado , Georgia , Illinois , Iowa , Kansas , Kentucky, Maryland , Massachusetts, Minnesota , Missouri , Nebraska , Nevada , New Mexico , New York , Ohio , Oklahoma, South Dakota , Tennessee , Texas , Utah, West Virginia , Wisconsin, Wyoming, Justia, But Kentucky, New York, Arkansas, Georgia , Massachusetts, In Wisconsin, California, Oklahoma, Massachusetts, District of Columbia , Puerto Rico, Virgin Islands, Guam, Georgia, Washington, DC, Kentucky, Vote411
D1's Dan Sundheim and SurgoCap's Mala Gaonkar spoke about investing in AI a Chicago conference. Sundheim said it won't be private companies leading this tech change for once. Gaonkar said the most promising industry for short-term AI advances is the medical technology field. Sundheim, whose portfolio has billions invested in both public and private companies, believes the best way to tap into the AI frenzy is through public companies. PitchBook notes that the firm has made 228 investments in private companies since six years ago.
Persons: Dan Sundheim, Mala Gaonkar, Sundheim, Gaonkar, , Lone, medtech, Julian Roberston's, Elon Organizations: Service, D1 Capital Partners, Tuesday's Invest, Kids, Business, Lone Pine, SurgoCap Partners, Institutional Investor, Tiger Cub, Viking Global, Tiger, Elon Musk's SpaceX, D1 Locations: Chicago
Sparking controversy is language within the USMCA that covers how a product gains the "Made in Mexico" designation from U.S. Customs. There is bipartisan concern about Mexico serving as a trade "back door" for Chinese exports to evade tariffs. Trump threats not slowing trade boom Trump has said he wants to renegotiate the USMCA deal he struck with the North America partners in 2020. Chinese manufacturing in Mexico will be a likely part of the trade renegotiation. Threats of additional tariffs are not slowing down trade with Mexico.
Persons: Donald Trump, Zekelman, San Luis Potisi, Jordan Dewart, Biden, Trump, Mary Lovely, Anthony Solomon, Dewart Organizations: U.S . Customs, Zekelman Industries, Bloomberg, Getty, Peterson Institute for International Economics, Trump, North America, Companies, DHL, Uber, Moody's Analytics Locations: United States, Mexico, Canada, U.S, North America, Republic of Mexico, Beach, Calif, Chicago, San Luis, Luis Potisi, Redwood Mexico, China, Mexican, El Paso, Laredo , Texas, East Asia
Since Otto Schott invented specialty glass in 1884, the simple material has become a cornerstone of modern technology, and driving innovation. From semiconductors to clean energy, home tech, and electric vehicles, glass is the silent enabler of progress. Specially engineered laser glass helped researchers achieve what was once thought impossible: creating more energy from a reaction than was put into it. The light, amplified by active laser glass and focused through precisely crafted optical glass, delivered significant energy to a tiny fuel pellet, triggering a fusion reaction that produced a net energy gain. The fusion reaction generated 3.15 megajoules of energy, exceeding the 2.05 megajoules of laser energy delivered to the target.
Persons: Bill James, Otto Schott, SCHOTT Organizations: SCHOTT North, Industry, photonics, Lawrence Livermore National Laboratory, SCHOTT, Insider Studios Locations: SCHOTT North America
Delta, which said it has purchased CrowdStrike products since 2022, said the outage forced it to cancel 7,000 flights, impacting 1.3 million passengers over five days. “If CrowdStrike had tested the faulty update on even one computer before deployment, the computer would have crashed,” Delta’s lawsuit says. Last month, a senior executive at CrowdStrike apologized before Congress for the faulty software update. Adam Meyers, a senior vice president at CrowdStrike, said the company released a content configuration update for its Falcon Sensor security software that resulted in system crashes worldwide. “We are deeply sorry this happened and we are determined to prevent this from happening again,” Meyers said.
Persons: cybersecurity, Delta’s, ” CrowdStrike, Delta, CrowdStrike, , Adam Meyers, ” Meyers Organizations: CNN, Delta Air Lines, Court, Microsoft, US Transportation Department, Delta, Falcon Locations: Georgia, Fulton County, CrowdStrike
Amid the flurry of partnerships announced on the occasion was a deal between Reliance and Nvidia to build AI infrastructure in India. Nvidia on Thursday announced a slew of partnerships with major Indian firms and launched a Hindi language model, as the American chip company looks to ramp up business in one of the world's biggest technology markets. Nvidia also announced Nemotron-4-Mini-Hindi 4B — a small language model in Hindi, the widest-spoken of India's multitude of languages. Companies running Nvidia hardware can deploy this language model, while Indian IT consultancy Tech Mahindra is using Nvidia's model to launch its own Hindi AI model, Project Indus 2.0. "India is very, very dear to the world's computer industry, central to the IT industry," Huang said.
Persons: Huang, Jensen Huang, Akshay Kumar, Mukesh Ambani, Narendra Modi, Modi, Neil Shah, Shah Organizations: Reliance, Nvidia, Yotta, Tata Communications, Reliance Industries, Companies, Indian, Tech Mahindra, Infosys, Wipro, TCS, Reliance Jio, Ambani's Reliance Industries, Counterpoint Research, CNBC Locations: India, Mumbai, American
The USS Washington submarine was awarded the Presidential Unit Citation after a series of secret intel operations. The PUC is the highest unit award in the US Department of Defense. AdvertisementA US attack submarine crew was honored with a top award after running "demanding" secret intelligence-gathering missions. The crew's recent deployment involved "three demanding missions vital to national security that resulted in obtaining sensitive and unique intelligence information," the Navy said. The Virginia-class fast-attack submarine USS Indiana surfaces in the Beaufort Sea during Operation Ice Camp.
Persons: , Timothy Poe, Joe Biden, Ace Foster, Rob Gaucher Organizations: USS, intel, PUC, US Department of Defense, Service, Sixth, Submarine Forces Atlantic, Navy, Camp, US Navy, Ace, Department of Defense, Submarine Forces, Huntington Ingalls Industries, General Dynamics ' Locations: USS Washington, Virginia, Russia, Europe, Africa, Washington, Indiana, Beaufort, III Virginia
The art market is in a correction as big spenders fade
  + stars: | 2024-10-24 | by ( Robert Frank | ) www.cnbc.com   time to read: +5 min
The number of wealthy collectors surveyed who plan to purchase art in the next year fell to 43% from over half in 2023. The median spending on art by wealthy collectors remains stable at around $50,000 a year, according to the survey. Higher interest rates also raised the opportunity cost of buying art, since wealthy collectors could earn an easy 5% or more from cash and Treasuries. Just as in the classic-car market, the art market is going through a generational shift that's created a mismatch between supply and demand. According to the survey, the high end of the art market, or works priced at $10 million or more, was the strongest before 2022.
Persons: Andy Warhol, Jean, Michel Basquiat, Wiktor, Robert Frank, Phillips, Bonhams, Paul Donovan, Xers, they're, Donovan, Gen Xers, Gen Organizations: Art Basel, UBS Survey, UBS Global Wealth Management, Art Basel Miami Beach, Dealers, UBS Locations: London, United Kingdom, Christie's, Sotheby's, New York, East, Ukraine, Europe, China
Against this backdrop, Wolfe Research released a basket of stocks that might be impaired under a Trump presidency. These companies would be at risk either under a 10% universal duty or 60% China tariffs. Beauty and cosmetics manufacturer Estée Lauder , down about 40% this year, could also face repercussions under a Trump win. Analyst Angel Castillo's revised price target of $332, down from $349, is approximately 14% lower than where shares closed on Wednesday. Other than these stocks sensitive to tariffs, Wolfe Research also suggested a few other ways to play the election.
Persons: Donald Trump, Wolfe, Trump, Estée Lauder, Rambourg, Morgan Stanley, Angel, Goldman Sachs, Patterson, Kamala Harris, Wolfe's Organizations: Republican, Wolfe Research, Democratic, Eagle Outfitters, Eagle, Bank of America, Trump, HSBC, Caterpillar, UTI Energy, NextEra Energy, Centene, AES Corp Locations: China, Greater China
To navigate this change — and maybe even new job requirements — Mark Cuban says you'll need to be curious, agile and adaptable. And yet, "it's a skill that can be rare to find," Joseph Fuller, a professor at Harvard Business School, recently told CNBC Make it. Honing these three soft skills — curiosity, agility and adaptability — will never stop paying dividends for your career, Cuban adds. "The skills you need for a job today, 10 years, 100 years from now, are always the same," he says. Sharpening your curiosity skills will help you come up with stronger solutions to work problems faster, she added.
Persons: — Mark Cuban, Aneesh Raman, Joseph Fuller, , Barbara Pécherot Organizations: Economic, CNBC, LinkedIn, Employers, Harvard Business School, Arizona State University's Thunderbird School of Global Management
Chinese smartphone company Oppo ranks second in mainland China, and fourth worldwide, according to Canalys. Nurphoto | Nurphoto | Getty ImagesBEIJING — Chinese smartphone company Oppo is doubling down on artificial intelligence as it holds weekly talks about AI with senior management at Google and Microsoft in the run-up to the launch of its flagship phone overseas. The rise of generative AI — tech that can produce human-like responses when prompted — has companies from Apple to Honeywell rushing to tap its capabilities. AI smartphones set for growthOppo in June announced it plans to integrate generative AI in 50 million of its devices this year. Apple next week is due to publicly release its first software update with AI tools.
Persons: , Billy Zhang, Zhang, Xiaomi, Oppo Organizations: Nurphoto, Getty, Google, Microsoft, Apple, Honeywell, CNBC, Samsung, Tech Locations: China, BEIJING, Shenzhen, Europe, Southeast Asia, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia CEO partners with India to supply chips to tech companiesNvidia CEO Jensen Huang, in a fireside chat with Reliance Industries Chairman Mukesh Ambani, discussed why India is poised to build an AI empire. He highlighted the country's potential to export AI innovations rather than Indian workers being displaced by the technology.
Persons: Jensen Huang, Mukesh Ambani Organizations: Reliance Locations: India
That’s helped push uncertainty among small business owners to an all-time high since the nearly 40-year inception of a monthly survey the National Federation of Independent Business conducts to gauge small business sentiment. The scale of firms whose investment plans are impacted by election uncertainty is “pretty remarkable” compared to prior elections, said Daniel Weitz, survey director at the Atlanta Fed. The Fed’s Beige Book, a quarterly collection of survey responses from businesses compiled by the 12 regional Fed banks published Wednesday, highlighted a wide range of businesses that are suffering because of election uncertainty. But the blowback that businesses are facing from the election uncertainty should subside once the policy path ahead becomes more clear, at which point we could start to see a rebound in hiring and capital investment businesses make, Meyer told CNN. The combination of these three major unknowns is shaping small business owners’ uncertain outlooks, said Holly Wade, executive director of the NFIB Research Center.
Persons: Kamala Harris, Donald Trump, That’s, ” “, Duke, Daniel Weitz, , hesitancy, Brent Meyer, Harris, Meyer, that’s, They’re, Holly Wade, “ We’re, Wade Organizations: New, New York CNN, National Federation of Independent Business, Reserve, Atlanta and Richmond Federal, Duke University’s Fuqua School of Business, Fortune, Atlanta Fed, Cleveland Fed, Fed, Richmond Fed, Dallas Fed, Trump, CNN, Federal Reserve, NFIB Research Locations: New York,
The French fashion house is bucking the trend of the luxury industry as competitors like LVMH stutter. Hermès is succeeding while peers struggle because it follows the law of luxury to a tee, analysts say. AdvertisementIf the luxury slump is an epidemic, Hermès is managing to stay immune. The fashion house is reaping the rewards of a long-term strategy and abiding by the fundamental laws of luxury. AdvertisementIn the luxury fashion world, there's a growing belief that "getting attention is everything," Pedraza said.
Persons: Hermès, , LVMH, Kering, Hermès Birkin, Sarah Jacobs, Carole Dupont, Eric du Halgouët, Pietri, Martin, Roll, Milton Pedraza, Pedraza, Hermés Organizations: Service, New York Loan, Business, Investor Relations, Hermès, Finance, McKinsey, Paris Thomson Reuters, Luxury Institute Locations: Asia, Japan, China, Switzerland, Paris, LVMH
Dow stock Honeywell was one of the biggest drags on the 30-stock average Thursday after Club industrial giant reported mixed third-quarter results compounded by a mixed outlook. HON YTD mountain Honeywell YTD Honeywell shares sinking 4.5% after the release was understandable but represents an opportunity. Honeywell Why we own it: Honeywell is a provider of industrial technology solutions to companies in various industries. Sales were revised lower because the short cycle recovery in the company's industrial automation segment is not materializing as quickly as management was expecting. Honeywell International Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York.
Persons: we're, Vimal Kapur, Kapur, Kupar, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Dow, Honeywell, Emerson, CAES Systems, Air Products, Aerospace Technologies, CNBC, Honeywell International Inc, New York Stock Exchange, Bloomberg, Getty Locations: New York
Now, his untimely death is reigniting urgent conversations about the mental health and addiction struggles that so often afflict young stars thrust into the limelight. Christopher Polk/Getty Images Payne takes a selfie with fans at the 2014 ARIA Awards in Sydney. Terence Patrick/CBS/Getty Images Payne poses for photos with his then partner Cheryl Cole at the 2018 BRIT Awards in London. Joe Maher/FilmMagic/Getty Images Payne performs on "The Today Show" in 2019 to promote the release of his first solo album. Kate Green/Getty Images Payne warms up before Soccer Aid for UNICEF 2023 charity match in Manchester, England.
Persons: Liam Payne’s, Payne rocketed, , Sharon Osbourne, Osbourne, Payne, Guy Cham­bers, Robbie Williams, , Robbie, ” Chambers, Payne ”, I’m, Payne’s, Liam Payne, James Shaw, Shutterstock Payne, Louis Tomlinson, Zayn Malik, Harry Styles, Niall Horan, Nicole Scherzinger, Ken McKay, Shutterstock, Dave Hogan, Christopher Polk, Cameron Spencer, James Corden, James Van Der Beek, Jim Gaffigan, Terence Patrick, Cheryl Cole, Bear, Joe Maher, FilmMagic, Kate Green, Will Matthews, Marc Piasecki, Luis Robayo, Singer Liam Payne, Williams, Demi Lovato Organizations: CNN, Observer, , Men’s Health, Disney, Party, Fremantle Media, Getty, CBS, NBC, Soccer Aid, UNICEF Locations: Buenos Aires, London, Wolverhampton , England, Barbados, Los Angeles, Sydney, Manchester, England, Paris, AFP
“Is artificial intelligence more of an opportunity or a threat to media, radio and journalism? We will seek answers to this question,” the station head, Marcin Pulit, wrote in a statement. Demski worked at OFF Radio Krakow from February 2022, carrying out interviews with Ukrainians fleeing war, until August, when he was among about a dozen journalists who were let go. “Although I am a fan of AI development, I believe that certain boundaries are being crossed more and more,” he wrote on X. He said the poet poet had a sense of humor and would have liked it.
Persons: ” Weeks, Marcin Pulit, Mateusz Demski, , Demski, Pulit, ” Krzysztof Gawkowski, Michał Rusinek Organizations: Radio Krakow, Wednesday, Associated Press, OFF Radio, TVN Locations: Polish, Poland, Krakow, OFF Radio Krakow
Vice President Kamala Harris told Telemundo on Tuesday that she is a “pragmatic capitalist” who wants to support Latino entrepreneurs, countering former President Donald Trump's attempts to portray her as a Marxist. I am a pragmatic capitalist,” Harris said in the interview at the vice president’s official residence in the Naval Observatory in Washington. Harris also made a direct appeal to Latino men's wallets. “I am very aware how it would affect Latino men,” she said of her economic agenda. “I know that Latino men often have a more difficult time having access to the big loans from the big banks because of relationships, because of things that are not necessarily grounded in their qualifications.
Persons: Kamala Harris, Donald Trump's, , ” Harris, Trump, Harris, Kamala ”, , Julio Vaqueiro, I’m Organizations: Telemundo, Naval Observatory, Republicans, NBC News, Trump, Democratic Locations: Washington, America
The decline of Hollywood in one chart
  + stars: | 2024-10-23 | by ( Lucia Moses | ) www.businessinsider.com   time to read: +4 min
LA has seen a steep drop in its share of TV and film jobs compared with the rest of the US. The decline comes as labor costs have gone up and other locales have sweetened their incentives. In recent years, the area has lost some TV and film jobs as countries such as Canada and states like Georgia have become production hubs. Los Angeles is losing TV and film jobs to the rest of the US. 2 entertainment-job market in the US (after LA) also saw its share of film and TV jobs dip.
Persons: , Patrick Adler, Taner Osman, Adler, FilmLA, Paul Audley, Otis Organizations: Industry, Service, Los Angeles, of Labor Statistics, Westwood Economics, Planning Associates, Otis College, Sound Recording Industries, Bureau of Labor Statistics, LA Locations: Los, Canada, Georgia, New York, Arizona, Kentucky, LA
As industries increasingly rely on real-time AI models, Akamai's infrastructure offers both speed and enhanced security by processing data closer to users. This technological edge, combined with the company's attractive valuation, offers substantial upside potential, with recent market activity reflecting growing investor interest in its AI-driven growth opportunities. AKAM has formed a classic bottoming pattern over the past few months and is now breaking above a major resistance level at $102.50. AI models distributed on Akamai's extensive edge computing network provide significant upside potential, especially as demand for low-latency AI solutions increases across various industries. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: AKAM, Zhang Organizations: Akamai Technologies, CNBC, NBC UNIVERSAL Locations: AKAM
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