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☆ America's chipmaking push will continue no matter who gets elected
▼ + stars: | 2024-10-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

US efforts to produce semiconductor chips will continue regardless of who wins the election. AdvertisementNo matter who wins the presidential election this November, President Joe Biden can rest easy knowing one thing: The US's chip manufacturing push isn't going anywhere. The US has seen its share of overall chip production fall from 37% of the world's supply in 1990 to 12%. While many factories remain under construction, the federal funding has already helped boost US chip production. According to a report published last year by the trade and lobbying group Semiconductor Industry Association and Oxford Economics, the US semiconductor industry will face a shortage of 67,000 workers by 2030, including technicians, computer scientists, and engineers.

Persons: Harris, Trump, —, Joe Biden, Biden, Kamala Harris, Donald Trump, Stephen Ezell, Anna Kelly, Kelly, Arizonans, Chris Miller, Mark Muro, Dylan Patel, SemiAnalysis, Ezell, Muro Organizations: Service, Trump, Information Technology, Innovation Foundation, ITIF's Center for Life Sciences, Biden, Republican, Intel, American Enterprise Institute, Brookings Metro, Apple, Nvidia, Democratic, Semiconductor Industry Association, Oxford Economics Locations: Arizona, USA, China, Taiwan

See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-Year Mortgage Rates TodayAverage 30-year mortgage rates are hovering near 6.15%, according to Zillow data. 15-Year Mortgage Rates TodayAverage 15-year mortgage rates are in the mid-5% range, according to Zillow data. Average Refinance Mortgage Rates TodayRefinance rates are a bit higher this month after dropping in September. Last month, 30-year refinance rates averaged 5.89%, while 15-year refinance rates were around 5.19%.

Persons: you'll, Freddie Mac, it's, refinance Organizations: Federal, Zillow, Fed Locations: Chevron

☆ A strong dollar is a key risk to the stock market's big rally, Morgan Stanley CIO says
▼ + stars: | 2024-10-17 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

Morgan Stanley's Mike Wilson says the stock market's bull run could slow if the dollar strengthens again. AdvertisementMorgan Stanley's top stock strategist is eyeing one risk in particular that could threaten the stock market's big rally: a stronger US dollar. According to the firm's chief US equity strategist, Mike Wilson, a dollar re-strengthening could hinder stock gains. The greenback weakened as markets prepared for steep rate cuts, but that move has reversed in recent weeks as strong economic data makes more aggressive policy easing less likely. Wilson's call comes two years into the market's bull rally, with major indexes continuing to hit fresh all-time highs.

Persons: Morgan, Mike Wilson, —, that's, Wilson Organizations: Service, Bloomberg Radio, Federal Locations: China, Japan

☆ Tourism in Spain is booming, despite protests that included spraying visitors with water guns
▼ + stars: | 2024-10-17 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Spain's tourism is still booming, with record numbers of international visitors. A travel industry expert said mass protests are unlikely on their own to deter travelers. AdvertisementProtesters in Spain staged massive demonstrations against overtourism this year that made headlines worldwide — especially after spraying tourists in Barcelona with water guns. The tourism protests intensified in April when an estimated 20,000 to 50,000 people in the Canary Islands demanded tourism limits be enacted. The protests, however, could impact government policy in a way that may help curb or better manage tourism in the future, Eylon said.

Persons: —, Amir Eylon, it's, Eylon Organizations: overtourism, Service, Spain's National Statistics Institute, Business, Longwoods Locations: Spain, Barcelona, Mallorca, Malaga, Spanish, Canary

☆ A full economic recovery in Asheville and Tampa ravaged by Milton and Helene may happen faster than you think
▼ + stars: | 2024-10-17 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

New York CNN —The economic successes of Asheville, North Carolina and Tampa, Florida, have been the envy of many cities across the United States. Will the economies in hard-hit areas like Asheville and Tampa ever fully recover from the hurricanes? Economic activity plunged in the immediate months following Hurricane Katrina in New Orleans, Hurricane Harvey in Houston and Hurricane Irma in Columbia, South Carolina. But within one year after those hurricanes, among the costliest in the US in the last 20 years, economic activity rebounded to levels similar to or greater than before the hurricanes. People could similarly leave parts of Florida if home and flood insurance rates, which have gone up significantly in recent years, continue to jump post Helene and Milton, Kamins told CNN.

Persons: Hurricanes Helene, Milton, Hurricane Harvey, Hurricane Irma, Harvey, Irma, Eric Gay, Helene, Adam Kamins, ” Kamins, Kamins, he’s Organizations: New, New York CNN, Labor Department, Hurricanes, Office, National Guard, Hurricane, ” Local, Moody’s, CNN Locations: New York, Asheville , North Carolina, Tampa , Florida, United States, Will, Asheville, Tampa, New Orleans, Hurricane, Houston, Columbia , South Carolina, Sandy, New Orleans , Louisiana, Texas, ”, ” Local Louisiana, Orleans, Florida, North Carolina

The costs of caring for ill and aging loved ones don’t show up on store shelves, but they’re front and center for voters like Sharon Zimmer. Chuck and Sharon Zimmer. If we’re looking at child care, we’re being biased if we’re not looking at elder care. Kelsey Flock, Aging and Disability Resource Center, La Crosse County, Wis.Coverage gaps like these are widespread, said David Grabowski, a professor of health care policy at Harvard Medical School. While the child care affordability crisis has gained more attention, including in the 2024 campaign, experts say elder care issues have flown comparatively under the radar.

Persons: Sharon Zimmer, Zimmer, Chuck Zimmer, ”, Sharon —, Kamala Harris, Sharon, Chuck, Harris, she’d, Donald Trump, Kelsey Flock, they’re, ” Flock, ” Trump, aren’t, Shekinah Fashaw, Walters, David Grabowski, Joseph Gaugler, “ It’s Organizations: U.S, AARP, Democratic, Republican, Aging, La, “, Trump, Social Security, University, Pennsylvania’s Perelman, of Medicine, Medicaid, Resource, Harvard Medical School, Center, Healthy Aging, University of Minnesota’s School of Public Health Locations: Onalaska , Wisconsin, Onalaska, “, La Crosse County , Wisconsin, La Crosse County, Wis

☆ Trump embraces the ‘weave,’ while Harris heads to Fox
▼ + stars: | 2024-10-16 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

She took the rare step of answering questions in the town-hall style radio program — and got some tough ones about her commitment to the Black church and Black voters’ economic problems. On Wednesday, Harris will venture into the lion’s den on Fox News hoping to reach another important group of voters. Trump trails Harris among female voters in most polls and badly needs to narrow that gender gap with 20 days to go. Vice President Kamala Harris participates in an interview with radio host Charlamagne Tha God, in Detroit on October 15, 2024. But Harris hit back on Charlamagne Tha God’s “The Breakfast Club,” saying that Black voters need to think carefully about the future.

Persons: Donald Trump, Kamala Harris, “, ”, Charlamagne, Jacquelyn Martin, Harris, Barack Obama, Trump, ” Harris, Megan Varner, Gabriel Sterling —, —, Jim Crow, John Micklethwait, Scott Olson, “ You’ve, ” Trump, Vladimir Putin, Bob Woodward’s, Kevin Lamarque, Reuters Harris Organizations: CNN, Republican, Economic, of Chicago, Black, White, Fox News, Trump, Metropolitan Library, Peach State, GOP, Bloomberg, Economic Club, Getty, Bloomberg News, Reuters Locations: Washington, Detroit, Atlanta, Georgia, Peach, Chicago, British

☆ Stock futures are little changed after Dow closes at another record high: Live updates
▼ + stars: | 2024-10-16 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

NEW YORK, NEW YORK - OCTOBER 16: Traders and others work on the New York Stock Exchange (NYSE) floor in New York City. U.S. stock futures hovered near the flatline Wednesday evening after the Dow Jones Industrial Average closed at a record for the second time this week. Futures tied to the S&P 500 and Nasdaq 100 futures fell around 0.1% each. The S&P 500 rose 0.47%, while the tech-heavy Nasdaq Composite added 0.28%. On the economic front, traders will be looking toward weekly jobless claims and September's retail sales due on Thursday.

Persons: Adam Crisafulli, It's, Morgan Stanley, Blackstone Organizations: NEW, Traders, New York Stock Exchange, Dow Jones, Dow, Nasdaq, Alcoa, Transport, CSX, Vital Knowledge, Travelers, Elevance, T Bank, Truist Locations: New York City . U.S

☆ UK's ultra-rich non-doms urge Italian-style tax regime to prevent wealth exodus
▼ + stars: | 2024-10-16 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +6 min

Mike Kemp | In Pictures | Getty ImagesLONDON — Britain's ultra-rich non-doms are urging the government to introduce an Italian-style flat-tax regime to prevent a wealth exodus, as their preferential status comes under threat in the upcoming budget. That differs from Italy's regime, which charges a recently doubled rate of 200,000 euros per year regardless of wealth bracket. Non-doms move their moneyReeves had previously said that scrapping the program could generate £2.6 billion ($3.38 billion) for the Treasury over the course of the next government. We need to understand that we need people to be investing here, to create the jobs, wealth, prosperity that we want. Labour courts wealth creatorsThe Labour government has said it is determined to address unfairness in the tax system, pledging in its election manifesto to close non-dom tax loopholes.

Persons: Mike Kemp, Leslie MacLeod Miller, Rachel Reeves, Reeves, Alex Stewart, doms, Sadiq Khan, MacLeod Miller, Dominic Lawrance, Charles Russell Speechlys, Keir Starmer Organizations: Porsche, GTS, Chanel, Bond, Investors, Britain, Oxford Economics, Foreign Investors, CNBC, Labour Party, Treasury, FIFB, Oxford, Labour, Labour's, Investment Locations: London, United Kingdom, IHT, Italy, Switzerland, Dubai, Westbourne, Bayswater, Royal Oak

☆ Once derided by Trump as a ‘mouthpiece’ for the left, a changed Univision softens its tone
▼ + stars: | 2024-10-16 | by ( Hadas Gold | ) edition.cnn.com time to read: +11 min

Trump ejected Ramos from a press conference after the journalist confronted him over his immigration policy. In 2020, the Trump campaign derided Univision as “a mouthpiece” for the Democratic Party. A group of influential Latino organizations penned an open letter expressing “deep concern” over the Trump interview. Acevedo’s interview with Trump was the first time in 22 years a current or former Republican president sat with the network for an interview. Wade Davis, Univision’s CEO until last month, defended Univision’s approach in a memo shortly after the Trump interview last year.

Persons: Donald Trump, Kamala Harris, Trump, ”, Jorge Ramos, Ramos, “, Harris, Enrique Acevedo, ” Ramos, ” Acevedo, Acevedo, Joe Biden, Jill Biden, Antony Blinken, “ Jorge, hasn’t, Alfonso de Angoitia Noriega, Bernardo Gomez Martinez, it’s, Joaquin Blaya, ” Daniel Coronell, Mike Madrid, Madrid, Wade Davis Organizations: New, New York CNN, Univision, Republican, CNN, Trump, Miss, Democratic Party, behemoth Televisa, Washington Post, “, Televisa, CBS News, Mar, New York Times, GOP, Grassroots Lab, Fox News, FOX, ”, Fox Deportes Locations: New York, Miami, Spanish, Mexican, Mexico, Washington, Lago, United States, ” Madrid, Madrid

☆ Just ignore the word ‘tariff’ — it’s a tax
▼ + stars: | 2024-10-16 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

Especially when you hear words like “tariffs.”But, given the economy’s central importance in the 2024 race, it’s worth hammering on an Econ 101 fact: Tariffs are a tax on Americans. Very simply: When the US government decides to put a tariff (read: tax) on, say, Chinese goods, the actual money going to the US Treasury comes from the American company doing the importing. “To me, the most beautiful word in the dictionary is tariff,” Trump said at one point. But it’s important to judge Trump’s first-term trade policies and the Biden-Harris approach against context of the unprecedented tariff wave Trump is planning if he gets to Round Two. Bottom line: Tariffs might be a beautiful word to Trump’s ear, but he’s telling a fictional story about what they do in practice.

Persons: CNN Business ’, New York CNN —, Donald Trump, It’s, —, Annette Choi, Katie Lobosco, podcaster Sean Kelly, David Pakman, Kelly, he’s, ” Kelly, Pakman, “, Trump, ” Trump, John Micklethwait, Micklethwait, it’s, Joe Biden, Kamala Harris, Trump’s, Harris, ”, Scott Lincicome, United States —, ” David Kelly, Matt Egan Organizations: CNN Business, New York CNN, CNN, US Treasury, Bloomberg, Economic, of Chicago, Biden, Trump, Republican, Cato Institute, Peterson Institute for International Economics, Federal, Peterson Institute, Asset Management Locations: New York, China, United States, States

☆ Fact check: John Deere says Trump’s story about how he saved US jobs with a tariff threat is fictional
▼ + stars: | 2024-10-16 | by ( Daniel Dale | ) edition.cnn.com time to read: +12 min

Inflation under Trump: Trump repeated his false claim that there was “no inflation” over his four years as president. Inflation under Biden: Trump also falsely claimed, “Biden went two years with no inflation, because he inherited from me. South Korea’s payments for the US military presence: Trump repeated his false claim that before his presidency, South Korea paid “nothing” for the US military presence there. He claimed that when he started trying to get South Korea to pay, the country responded, “We will not. The Congressional Research Service wrote in a 2023 report: “In the past, South Korea generally paid for 40%-50% (over $800 million annually) of the total non-personnel costs of maintaining the U.S. troop presence in South Korea.”US troops in South Korea: Trump falsely claimed, as he has before, that the US has “40,000 troops” in South Korea.

Persons: Washington CNN —, Donald Trump, Trump, John Deere, they’re, John Micklethwait, Harris, Kamala Harris, –, Biden, “, “ Biden, don’t, ”, didn’t, Trump, Barack Obama, Obama, Nobody, Joe Biden, haven’t, Biden’s Organizations: Washington CNN, Wall Street Journal, Bloomberg, CNN, Republican, Economic, of, Bloomberg News, Biden, Capitol, Trump, The Justice Department, FBI, Trade, European Union, “, EU, US, European, NATO, ”, Nord, ISIS, South, Congressional Research Service, Pentagon, Department of Defense Locations: Mexico, United States, of Chicago, Washington, DC, Biden’s, China, Canada, Japan, European Union, Venezuela, Russian, Germany, Nord, ”, South Korea, Korea, Trump , South Korea, South

☆ Global water cycle off balance for ‘first time in human history’
▼ + stars: | 2024-10-16 | by ( Laura Paddison | ) edition.cnn.com time to read: +5 min

CNN —Humanity has thrown the global water cycle off balance “for the first time in human history,” fueling a growing water disaster that will wreak havoc on economies, food production and lives, according to a landmark new report. The water cycle refers to the complex system by which water moves around the Earth. “For the first time in human history, we are pushing the global water cycle out of balance,” said Johan Rockström, co-chair of the Global Commission on the Economics of Water and a report author. “Precipitation, the source of all freshwater, can no longer be relied upon.”Graphic showing the movement of "green water" and "blue water" in the global water cycle. The report’s authors say world governments must recognize the water cycle as a “common good” and address it collectively.

Persons: ”, Johan Rockström, Bruno Kelly, Richard Allan, Allan, Robyn Beck, Ngozi Organizations: CNN, Global Commission, Water, Nations, Rio, Reading University ,, Getty, World Trade Organization Locations: Manaus, Brazil, Reading University , England, kilter, Huron , California, AFP

☆ 18 cities with reasonably priced homes that will be million-dollar markets in the next decade
▼ + stars: | 2024-10-15 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Home prices have soared in the last decade, so buyers get less for their money than they once did. Here are 18 markets with reasonably priced homes that are set for strong price growth. In fact, in some of the nation's competitive markets, $1 million is nothing more than the price of admission to home ownership. Below are 18 cities with homes that cost $633,150 or less in Q2 that are set to be million-dollar markets by the end of 2035, sorted by which will reach the $1 million threshold the fastest. Along with each reasonably priced real-estate market is its median home price and projections for the years ahead, as well as the home price growth rate from 2014 to 2024 that it's based on.

Persons: —, Zoocasa's Mackenzie Scibetta, Scibetta Organizations: Service, National Association of Realtors, Golden State, Business Locations: California, Los Angeles, San Francisco, Golden, San Jose, San Francisco's Bay

Black men have historically voted overwhelmingly for Democratic candidates, with turnout typically lagging that of Black women but consistent nonetheless. Even a relatively small drop in support from Black men for Harris could be significant given the razor-thin margins in battleground states. “Black men prioritize being the primary breadwinners of the household and care about real wages and permanent jobs. The Harris campaign also plans to ramp up its programming specifically designed to engage Black men. This week, it is set to partner with Black male celebrities, influencers and activists to hold “Black Men Huddle Up” events in battleground states, NFL and NCAA watch parties that will double as an avenue for Black men to discuss the stakes of the election.

Persons: Kamala Harris ’, ”, Michael Tyler, Harris, Walz, ” Harris, Cedric Richmond, Joe Biden, Donald Trump, Barack Obama, “, ” Obama, “ I’ve, Black Republicans pounced, chastising, ” Sen, Tim Scott, Obama, They’ve, Obama’s, ” “, ’, Trump, “ Obama, Kamala, Black, Lil Wayne, ” Janiyah Thomas, Byron Donalds of, Wesley Hunt, Scott, That’s, Leo Smith, She’s, ” Smith, Harris ’, Brian Kemp, Stacey Abrams, Omar Ali, surrogates, Dilawar Syed, ” Ali, Ali, Roland Martin, Justin Carter, Stephen Jackson, Matt Barnes, Jermaine Dupri, John Legend, Magic Johnson, we’ve, ” Johnson Organizations: Republicans, Democratic, Black, Trump, New York Times, Siena, Howard University, Black Republicans, Democratic Party, Democrat Party, NBC News, Biden, and, Georgia Republican Gov, Small Business Administration, NBA, “, NFL, NCAA Locations: Pittsburgh, Atlanta, Byron Donalds of Florida, Wesley Hunt of Texas, Cognac, Charlotte , North Carolina, Georgia, campaign’s Georgia, Greenville , North Carolina, Milwaukee, Flint , Michigan

☆ Nobel economics prize goes to global inequality researchers
▼ + stars: | 2024-10-14 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

Three U.S.-based academics won the 2024 Nobel economics prize on Monday for their research into why global inequality persists, especially in countries dogged by corruption and dictatorship. The laureates have demonstrated the importance of societal institutions for achieving this,” said Jakob Svensson, Chair of the Committee for the Prize in Economic Sciences. Last year, Harvard economic historian Claudia Goldin won the prize for her work highlighting the causes of wage and labour market inequality between men and women. In 2019, economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the award for work on fighting poverty. The economics prize has been dominated by U.S. academics since its inception, while U.S.-based researchers also tend to account for a large portion of winners in the scientific fields for which 2024 laureates were announced last week.

Persons: Simon Johnson, James Robinson, Daron Acemoglu, ”, Jakob Svensson, Alfred Nobel, Acemoglu, ” Acemoglu, Johnson, Robinson, Milton Friedman, John Nash —, Russell Crowe, Ben Bernanke, Claudia Goldin, Abhijit Banerjee, Esther Duflo, Michael Kremer, Victor Ambros, Gary Ruvkun, Japan’s Nihon Organizations: Royal Swedish Academy of Sciences, Economic Sciences, Bank, Sveriges, Massachusetts Institute of Technology, University of Chicago, Technology, Federal, Research, Harvard, U.S Locations: U.S, Hiroshima, Nagasaki

☆ Stock market today: S&P 500 hits another record close as rally presses on amid earnings
▼ + stars: | 2024-10-14 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

US stocks hit record highs on Monday as investors get ready for a wave of earnings reports. Over 80 S&P 500 companies, including Netflix and Goldman Sachs, report earnings this week. Monday's close marked the S&P 500's 46th record close of the year, as investors continue to power the two-year-old bull market higher. More than 80 S&P 500 companies are scheduled to report third-quarter earnings results this week, with major names like Netflix, Goldman Sachs, and Morgan Stanley on deck. According to data from Fundstrat, 6% of S&P 500 companies have already reported their results.

Persons: Goldman Sachs, Fed Governor Waller, —, Monday's, Morgan Stanley, Adriana Kugler, Christopher Waller, Waller Organizations: Netflix, Fed, Service, Dow Jones, Dow, Federal, Stanford University's Hoover Institution Locations: Fundstrat, Here's

☆ 4 stocks set to benefit from China's stimulus measures while also hedging geopolitical risk: $21 billion firm's portfolio manager
▼ + stars: | 2024-10-14 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

The Chinese stock market soared after news of a stimulus package but plunged again on Wednesday. Risk remains high in Chinese stocks, which is why investors should exercise caution. The recent volatility in the Chinese market doesn't come as a surprise to Zehrid Osmani, portfolio manager at $21 billion Martin Currie. Valuations are low coming out of the pandemic, creating an attractive entry point into the market, Osmani said. He points to some structural challenges the Chinese economy faces, such as an aging population and a slump in the property sector.

Persons: —, Zehrid, Martin Currie, Osmani Organizations: Service, Investor, Bank of America, Companies, Martin Currie Global Portfolio Trust Locations: China, Shanghai, Beijing, Taiwan, Omani

☆ Expect restaurants impacted by hurricanes to 'bounce back quickly', says Guggenheim's Greg Francfort
▼ + stars: | 2024-10-14 | 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 EmailExpect restaurants impacted by hurricanes to 'bounce back quickly', says Guggenheim's Greg FrancfortGregory Francfort, Guggenheim Securities lead restaurant analyst, joins CNBC's 'The Exchange' to discuss the economic impact of Hurricane Milton on restaurants, how long it will take those affected to bounce back, and more.

Persons: Greg Francfort Gregory Francfort Organizations: Guggenheim Securities Locations: Hurricane Milton

☆ Nobel economics prize for 2024 awarded to Daron Acemoglu, Simon Johnson and James Robinson
▼ + stars: | 2024-10-14 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

Nobel Committee announces the winners of the 2024 Nobel Prize in Economic Science during a press conference at the Karolinska Institute in Stockholm, Sweden, on October 14, 2024. The 2024 Nobel Prize in Economy was awarded to Daron Acemoglu, Simon Johnson and James Robinson for their work on formation of institutions and their impact on welfare. U.S.-based economists Daron Acemoglu, Simon Johnson and James Robinson were awarded the Nobel prize in economic sciences on Monday for their work on wealth inequality between nations. The winners of the award, officially called the "Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel," will receive 11 million Swedish kronor ($1.058 million) from the Swedish central bank. Economist and historian Claudia Goldin won the economics Nobel in 2023 for advancing understanding of women's earnings and labor market outcomes.

Persons: Daron Acemoglu, Simon Johnson, James Robinson, Johnson, Robinson, Acemoglu, Jakob Svensson, Alfred Nobel, Ben Bernanke, Douglas Diamond, Philip Dybvig, Claudia Goldin Organizations: Karolinska Institute, Massachusetts Institute of Technology, University of Chicago's Pearson Institute, MIT, Prosperity, Stockholm University's Institute for International Economic Studies, Sveriges, Economic Sciences, U.S Locations: Stockholm, Sweden, Saharan Africa, Latin America, U.S, Swedish

☆ Visiting the Trumpiest county in a swing state
▼ + stars: | 2024-10-14 | by ( Elle Reeve | Samantha | ) edition.cnn.com time to read: +9 min

Money is still tight for many in Brantley County in southeast Georgia, but its people no longer look to Democrats to help. CNNConnecting with TrumpBrantley County is rural, about an hour from the Atlantic coast, with the Okefenokee Swamp to the west. Ronald Ham, chairman of the Brantley County Republican Party, said local voters connect with Trump. People have to drive outside the county for work, which means gas prices matter a lot. “They can vote any way they want to vote,” Wilson said of his companions.

Persons: Sherri Rowell, ”, Donald Trump, Rowell, Talan Tanner, Tanner, ” Rowell, “, don’t, Michael Tanner, Talan, ‘, You’ve, ’ ” Tanner, ‘ Dad, —, He’s, Trump Brantley, ” Ronald Ham, Ronald Ham, ” Ham, “ They’ve, Joe Biden, “ Trump, …, Trump’s, “ It’s, we’re, Kamala Harris, It’s, Harris, Ham, David Herrin, ” Herrin, Button Lee, Herrin, it’s, ” Bill Middleton, Biden, there’s, ” Middleton, we’ve, ” Donald Lewis, Corbet Wilson, Donald Lewis, ” Wilson, Lewis, ” Lewis, Wilson, Trump, Ronald Reagan, George W, Bush, Mitt Romney Organizations: Georgia CNN, Trump, CNN, Brantley County GOP, Republican Party, Trump . CNN, Walt Disney World, Biden, Gold, Teamsters, Teamsters ’, Republican, Capitol Locations: Nahunta, Georgia, Brantley County, It’s, Ham, Brantley, Washington

☆ Nobel Prize in economics 2024 awarded to Acemoglu, Johnson and Robinson for explaining why some nations are rich and others poor
▼ + stars: | 2024-10-14 | by ( Christian Edwards | ) edition.cnn.com time to read: +5 min

London CNN —Three economists were awarded the Nobel Prize Monday for their research into how the nature of institutions helps explain why some countries become rich and others remain poor. Daron Acemoglu, Simon Johnson and James Robinson will share the prize, which carries a cash award of 11 million Swedish kronor ($1 million). The authors warned that “the current path of AI is neither good for the economy nor for democracy.”The latest Nobel Prize in economics was announced in Stockholm on October 14, 2024. In “Why Nations Fail,” he and Robinson argued that China, because it lacks inclusive institutions, would not be able to sustain its economic growth. The economics prize is officially known as Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.

Persons: Daron Acemoglu, Simon Johnson, James Robinson, –, —, ”, Robinson, Acemoglu, Johnson –, MIT –, Christine Olsson, ” Acemoglu, Alfred Nobel, Claudia Goldin, Goldin Organizations: London CNN —, Massachusetts Institute of Technology, MIT, University of Chicago, TT, Agency, AP, Bank of Sweden, Economic Sciences, Harvard University Locations: Turkish, American, British, Nogales, Arizona, Mexico’s Sonora, Nogales , Arizona, Stockholm, China, Beijing, Bank, Swedish

☆ Stock market today: Indexes trade mixed as investors await wave of earnings results
▼ + stars: | 2024-10-14 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks were mixed on Monday as investors await third-quarter earnings from major companies. Investors will monitor retail sales and jobless claims data this week. AdvertisementUS stocks were mixed on Monday as investors await a wave of third-quarter earnings results this week. More than 40 S&P 500 companies are set to report results this week, including Netflix, Morgan Stanley, and Goldman Sachs. AdvertisementBoth data points will give investors insights into the health of the consumer and job market, respectively.

Persons: Christopher Waller, Adriana Kugler, —, Morgan Stanley, Goldman Sachs Organizations: Investors, Federal Reserve, Service, Netflix, Fed Locations: Fundstrat, Here's

Almost half of young women have at least a bachelor’s degree compared to 37% of young men. That compares to 2008, when Barack Obama won the votes of 66% of young men. One of the biggest financial pressure points for young men has been higher rents, which are up around 20% since 2020. Young men are more likely to be financially dependent on their parents compared to young women, with 74% of women describing themselves as mostly financially independent compared to 62% of young men, according to a Pew survey. I think Trump will do better with young men than among young women — the gap will be pretty significant in terms of voter support — but I don’t think Trump’s going to win an overwhelming majority.

Persons: David Tasker, he’s, Donald Trump, “ Trump, Kamala, ” Tasker, ” Young, Tasker, it’s, ”, Dan Cox, Andrew Caballero, Reynolds, Richard Reeves, Reeves, “, Young, Kamala Harris, Harris, Barack Obama, Trump, Joe Biden, He’s, Melissa Deckman, Gen Z, they’re, Hulk Hogan, Chip Somodevilla, Hogan, Obama, “ I’m, I’ve, ” Obama, Spencer Platt, Biden, ” Reeves, Derek, You’ve, Sam Lilly, Lilly, “ I’ve, Emily Elconin, “ It’s, Cox Organizations: America, Democratic, Survey Center, American Enterprise Institute, Pew Research Institute, Renwick, Washington , D.C, AFP, Getty, American Institute for Boys, Democratic Party, Harvard Institute of Politics, Republican National Convention, Trump, Bank of America, Intuit Credit Karma, NBC, Bloomberg Locations: Pennsylvania, America, Washington ,, Milwaukee, Pittsburgh, Manhattan, Wisconsin, Royal Oak, Mich

“The overall trend is unmistakable: The far right is gaining ground,” said Matthijs Rooduijn, a politics professor at the University of Amsterdam. But recent elections have seen the far right increasingly usurp centrist conservatives as the main right-wing force. “But that potential upper limit just keeps increasing.”The far right is “no longer second fiddle to the main right-wing party. Centrists can sometimes cobble together coalitions to keep out the far right — even if those parties are smaller individually. Whereas in France, Le Pen was kept from victory in June-July parliamentary elections by an intricate network of tactical voting between erstwhile rivals.

Persons: Donald Trump, remigrate, Geert Wilders, ”, Matthijs Rooduijn, ” Wilders, “, Le Pen, Wilders ’, Le, ” It’s, Björn Höcke, Jens Schlueter, Nadia Urbinati, Markus Wagner, ” Wagner, Jordan Bardella, Benjamin Girette, Herbert Kickl Organizations: U.S, Austria’s Freedom Party, NBC News, France’s National, Marine, University of Amsterdam, University of Georgia, London, Dutch Party for Freedom, France “, jihadists, NBC, Germany, Nazi, Ukraine —, Columbia University, Labour Party, ”, University of Vienna, France’s Rassemblement National, Bloomberg, Getty, Austrian People’s Party Locations: Germany, European, Europe, East, North Africa, France, Britain, “, Austria

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