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☆ N.Y. Judge Reverses Quintuple Life Sentence and Frees Walter Johnson
▼ + stars: | 2024-10-18 | by ( Corey Kilgannon | More About Corey Kilgannon | ) www.nytimes.com time to read: +1 min

In 1997, Walter Johnson stood before Judge Frederic Block in a Brooklyn federal courtroom after being convicted of robbery, cocaine possession and witness tampering, just the latest in a troubling series of crimes that involved guns, drugs and violence. Judge Block called Mr. Johnson, a street legend known as King Tut, “a classic example of a person who has to be incapacitated so society is protected against you.” Then he hit Mr. Johnson with five life sentences. On Thursday, Judge Block called the punishment he imposed 27 years ago too harsh, the product of ill-considered laws and his own inexperience. He freed Mr. Johnson, who hours later walked out of prison and back into society. “Judges gain insights that with the passage of time only can come with experience on the bench and their judicial maturation,” Judge Block wrote in his decision granting Mr. Johnson’s petition for release.

Persons: Walter Johnson, Frederic Block, Judge Block, Johnson, King Tut, Mr, Block, Johnson’s, ” Locations: Brooklyn

☆ Feds investigating safety of Tesla’s ‘Full Self-Driving’ feature
▼ + stars: | 2024-10-18 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —The National Highway Traffic Safety Administration says it has launched an investigation into the safety of Tesla’s Full Self-Driving feature, or FSD, after at least one fatal accident involving a pedestrian. The investigation is looking into four accidents involving vehicles using the FSD feature. FSD is at the center of Tesla’s plans for future growth and profitability. This is not the first time that the NHTSA has announced it is investigating Tesla’s self-driving features. In February 2023 the agency ordered a recall to change the FSD software on all of the more than 360,000 Teslas then on US roads with the feature.

Persons: ”, Tesla, Elon Musk, Musk, “, FSD Organizations: New, New York CNN, Traffic, Administration, Tesla, NHTSA Locations: New York

☆ Surge in active ETFs has been 'remarkable,' analyst says. How to know if it's right for your portfolio
▼ + stars: | 2024-10-18 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

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

☆ Angel Reese jokes about cost of rent compared to her rookie salary: ‘The WNBA don’t pay my bills at all’
▼ + stars: | 2024-10-18 | by ( Matias Grez | ) edition.cnn.com time to read: +3 min

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

☆ China just triggered more stimulus measures, even as it says its economy is showing 'stable growth'
▼ + stars: | 2024-10-18 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

The People's Bank of China triggered two market support programs after China announced economic data. China's economy grew 4.6% in the third quarter of this year, the country's statistics bureau announced as it touted a "stable growth trend." "The property market unsurprisingly remains the biggest drag on China's growth," wrote Song, adding that stabilization in the real estate market remains "elusive." China's economy is being dragged by factors including a property crisis, high youth unemployment, and deflation. He added that he expects Beijing to continue to do more to support growth so the economy can enter 2025 on better footing.

Persons: —, Sheng Laiyun, China's, Lynn Song, Betty Wang, Larry Hu, Rajiv Biswas, who's, Wang Organizations: People's Bank of China, Service, Reuters, Greater China, ING, Oxford Economics, People's Bank of, Macquarie Group Locations: China, Greater, People's Bank of China, Beijing

☆ The Girl Scouts could soon triple membership fees
▼ + stars: | 2024-10-18 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +5 min

CNN —The Girl Scouts of the USA plans to raise prices, but not for their famous cookies. Membership dues are the Girl Scout’s largest source of revenue, generating $38 million in 2023 from its nearly 2 million total members. You are going to run yourselves out of business.”Bertram was a Girl Scout herself, just like every girl in her family. Part of the problem is that Girl Scout membership has fallen in recent years, leadership said in a video to members in September. GSUSA will continue to provide financial aid to “reduce barriers” to any girl who wants to be a Girl Scout, a spokesperson said.

Persons: ”, “, Sally Bertram, ” Bertram, Bertram, it’s, Diane Tipton, Bonnie Barczykowski, Bertran, ” Bertran, we’re, ” Tipton, Kelly Goldsmith, Goldsmith, GSUSA, can’t Organizations: CNN, The Girl Scouts, USA, Girl Scouts, Girl Scouts of, Girl Scout, National Council, Boy Scouts, Vanderbilt University, Scout Locations: Girl Scouts of Western Ohio, Tennessee, New York City

☆ After a well-received quarter, Cramer explains why he thinks Netflix can 'rock on higher'
▼ + stars: | 2024-10-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

After a siding with the bulls in the run-up to Netflix 's latest earnings report, CNBC's Jim Cramer explained why the quarter made him more optimistic about the company's future, saying he was impressed by management's outlook and commentary about content. Netflix beat Wall Street's expectations for earnings, revenue and paid membership growth when it posted its report Thursday evening. The streaming giant's shares popped 11% Friday morning and maintained those gains through close. Cramer was encouraged by management's guidance for the current quarter and 2025, as the company expects to keep up double-digit revenue growth some investors feared would be hard to maintain. He also liked Sarandos' positive read on how AI will impact business.

Persons: CNBC's Jim Cramer, maul, Cramer, Ted Sarandos, Sarandos, Emily, I'm Organizations: Netflix, National Football League Locations: Paris

☆ Israel's Sinwar video shows the chilling reach of battlefield drones
▼ + stars: | 2024-10-18 | by ( Matthew Loh | Mia Jankowicz | ) www.businessinsider.com time to read: +7 min

Only 13 years ago, the world learned of what were Muammar Gaddafi's last few moments through shaky video filmed on cellphones. Small drones are a critical feature of combat in Ukraine, where they've been used for battlefield observation and attack. The hovering quality of the Sinwar video indicates it was likely filmed by a quadcopter. AdvertisementThe astounding wealth of drone-fed intelligence, surveillance and reconnaissance has made more of the battlefield visible than ever before. Nonetheless, technological advances mean that drones watching the battlefield will be a ubiquitous feature of future wars, a looming threat to ground troops and fleeing leaders.

Persons: Israel, Yahya Sinwar's, —, Yahya Sinwar, Sinwar, Yahya Sinwar’s, GJGDlu7bie, Nadav Shoshani, Muammar Gaddafi's, Mauro Gilli, Gilli, they've, It's, Volodymyr Zelenskyy, Maria Berlinska, Guy Prives Organizations: Service, Swiss, ETH Zurich, Anadolu, Getty, Pentagon, IDF Locations: Libyan, It's, Ukraine, Russian, Moscow, Kursk, Israel

☆ China's GDP growth will likely stay at about 4.5% for the whole of 2025, economist says
▼ + stars: | 2024-10-18 | 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 EmailChina's GDP growth will likely stay at about 4.5% for the whole of 2025, economist saysErica Tay of Maybank Investment Banking Group says she disagrees with Chinese officials where growth drivers are concerned.

Persons: Erica Tay Organizations: Maybank Investment Banking Group

☆ John Paulson: A lot of economic growth is due to deficit spending
▼ + stars: | 2024-10-18 | 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 EmailJohn Paulson: A lot of economic growth is due to deficit spendingJohn Paulson, Paulson & Co. founder and president, joins 'Money Movers' to discuss what economic data should be helping the incumbent President, the gap between economic sentiment and all poll data, and much, much more.

Persons: John Paulson, Paulson Organizations: Co

☆ Millions lose power every year because of extreme weather. Here’s how experts say we can prevent it
▼ + stars: | 2024-10-18 | by ( Ella Nilsen | ) edition.cnn.com time to read: +5 min

This ability to get electricity from one part of the country to another is ever more important as America’s grid is lashed by increasingly extreme weather. Extreme weather isn’t the only reason the grid needs to expand. “We run a VHS grid for a Hulu economy.”America’s grid is actually three grids: the Eastern and Western interconnections, plus the independent Texas grid. The physical electrical lines connecting all of the systems are fragile and outdated, experts told CNN. Clements cautioned that even a bigger grid can’t solve all the challenges posed by climate change-fueled extreme weather.

Persons: Cary Kottler, ” Kottler, Helene, Milton, ”, Allison Clements, “, you’ve, Clements, ” Clements, Rob Gramlich, Ariel Horowitz, Horowitz, Biden, Jennifer Granholm, there’s, Hurricane Helene Organizations: CNN, Texans, Pattern, Energy, “, Energy Department, DOE Locations: Uri, Texas, California

China's National Bureau of Statistics on Friday reported third-quarter GDP growth of 4.6% year on year, slightly exceeding the 4.5% expected by economists polled by Reuters. "The national economy showed positive signs of growth in September," Sheng Laiyun, the bureau's deputy commissioner, said at the press conference, according to CNBC's translation of the Chinese. Other data also released on Friday, such as retail sales and industrial production, had also beat expectations, a hopeful sign for the world's second largest economy. Beijing has faced growing public scrutiny over its ability to meet its own annual growth target of "around 5%." Amid low consumer sentiment and a flagging property sector, the Chinese government has intensified stimulus measures in recent weeks in an effort to boost its lackluster economy.

Persons: Sheng Laiyun, Tianchen Xu Organizations: National Bureau, Statistics, Reuters, Economist Intelligence Unit Locations: China, Beijing

☆ Stocks are nearing a major peak and a more 'disturbed' period of weak returns is ahead for investors, CIO says
▼ + stars: | 2024-10-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

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

☆ Power goes out on the entire island of Cuba, leaving 10 million people without electricity
▼ + stars: | 2024-10-18 | by ( Carmen Sesin | Orlando Matos | ) www.cnbc.com time to read: +1 min

People wait for transportation at a bus station in Matanzas, Cuba, on October 18, 2024, during a nationwide blackout caused by a grid failure. Electricity went out on the entire island of Cuba on Friday, affecting its population of 10 million after one of its main power plants failed, according to Cuba's energy ministry. But it wasn't enough and by 11 a.m. the largest power plant went offline, causing a grid failure. In some provinces outside the capital, Havana, many people have been facing power outages that last up to 12 hours at a time. Cuba's prime minister, Manuel Marrero, on Thursday blamed the ongoing blackouts on the deteriorating infrastructure, fuel shortages and rising demand among its people.

Persons: Miguel Díaz, Manuel Marrero Locations: Matanzas , Cuba, Cuba, Havana

☆ Politics and monetary policy: Dangers of meddling with the Fed
▼ + stars: | 2024-10-18 | 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 EmailPolitics and monetary policy: Dangers of meddling with the FedDonald Kohn, Brookings Institution economic studies senior fellow and former Fed Vice Chair, joins 'Squawk Box' to discuss the dangers of presidents and other politicians meddling with the Fed.

Persons: Donald Kohn Organizations: Brookings, Fed

☆ Sinwar’s killing again raises hopes in Washington for an end to Israel’s war
▼ + stars: | 2024-10-18 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

CNN —President Joe Biden envisioned a “day after” for Gaza without Hamas in power following Israel’s killing of Hamas leader Yahya Sinwar. This is only half the story, since at times, US officials have suggested Netanyahu had interests in prolonging the war as well. The White House believes that ending the war in Gaza is a precondition for lessening the chances of a disastrous regional war that it dreads. Is really his object to release … Israeli hostages still held in Gaza? If he keeps his word, some analysts will interpret his restraint, such as it is, as an attempt to avoid alienating the possible next president, Harris.

Persons: Joe Biden, Yahya Sinwar, Kamala Harris, Sinwar, Hassan Nasrallah, —, Biden, Benjamin Netanyahu, Biden administration’s, Netanyahu, ’, Israel, ”, Firas Maksad, Jessica Dean, CNN Max, CNN’s Kayla Tausche, Sean Gallup, he’s, Harris, Donald Trump, ” Harris ’, Trump, Bill Organizations: CNN, “, UN, Middle East Institute, Brandenburg, Airport, Getty, White, Democratic, Jewish, Palestinian Youth Movement, U.S . Palestinian Community Network, Anadolu, Trump, White House Locations: ”, Gaza, Israel, ’, United States, Washington, Lebanon, Berlin, Schoenefeld, Germany, Europe, Michigan, Wisconsin, U.S, Detroit, Anadolu

☆ Nobel laureate Simon Johnson: We need to strengthen the resilience of our democracy in the U.S.
▼ + stars: | 2024-10-18 | 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 EmailNobel laureate Simon Johnson: We need to strengthen the resilience of our democracy in the U.S.Simon Johnson, MIT Sloan School of Management professor of entrepreneurship and Nobel laureate, joins 'Squawk Box' to discuss how he found out he had won the 2024 Nobel prize in economic sciences, his work on global inequality, and more.

Persons: Simon Johnson Organizations: MIT Sloan School of Management Locations: U.S

Havana CNN —Cuba’s electrical grid shut down on Friday, putting the country into a blackout after the failure of one of the island’s major power plants, according to its energy ministry. In a statement on X, the ministry said “the failure” of the Antonio Guiteras Power Plant caused “the total disconnection of the National Electrical System” from 11 a.m. This week, Cuba’s increasingly energy-strapped government called for draconian measures to save power, including telling many workers to stay home. Millions of people on the communist-run island have been left without power over the last several days as the aging Cuban electrical grid repeatedly collapsed. The Cuban Electric Union has also reported that 37 power generation plants are out of service due to lack of fuel.

Persons: Antonio Guiteras, Manuel Marrero Cruz, ”, Marrero, Vicente de la O Levy, Mariel, Santiago Organizations: Havana CNN, National, Cuban, Energy, Mines, Cuban Electric Union, Ministry of Energy, Santiago de Cuba, CNN, Español Locations: Havana, Cuba, Matanzas, Santiago de

☆ 'I worry about the longevity of this rally': China expert David Riedel warning to investors
▼ + stars: | 2024-10-18 | 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 Email'I worry about the longevity of this rally': China expert David Riedel warning to investorsDavid Riedel, Riedel Research President & Founder, joins 'Fast Money' to talk the impact of Chinese stimulus on markets.

Persons: David Riedel, Riedel Organizations: Riedel Research Locations: China

☆ Price of gold is proving an unstoppable force lately
▼ + stars: | 2024-10-18 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Gold recently regained momentum after the Federal Reserve began its easing cycle with a half-percentage point rate cut last month. However, the latest upturn comes despite rebounds in Treasury yields and the U.S. dollar too, which might be expected to take the wind from gold's sails. Higher yields typically make gold less attractive, as the metal doesn't offer any yield. The 10-year Treasury yield has soared to 4.08% from around 3.7% over the past month. The dollar index, which tracks the U.S. currency's performance against the euro, Japanese yen and others, is up nearly 3% over the past month.

Persons: Gold, Andrew Brenner, Tim Hayes, Ned Davis, Hayes Organizations: Federal Reserve, U.S, NatAlliance Securities, Ned, Ned Davis Research, Treasury Locations: NatAlliance

☆ I'm a trained chef. Here are 13 of my best tips for making foods everyone should know how to cook.
▼ + stars: | 2024-10-18 | by ( Lizzy Briskin | ) www.businessinsider.com time to read: +6 min

As a trained chef, I know a few cooking techniques that will make common dishes better. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs a trained chef, I know that even the smallest tweak can make the largest difference on your final plate. AdvertisementBy the time your chicken is cooked through, you'll have some of the most flavorful veggies to serve with it. Stir everything together at the end with noodles for a homemade soup that'll stop any cold in its tracks.

Persons: —, Caesar, browning, Joanna, Proshkin Aleksandr, Cook Organizations: Service, mayo Locations: mayo

☆ Tesla faces NHTSA investigation of ‘Full Self-Driving’ after fatal collision
▼ + stars: | 2024-10-18 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +1 min

A Tesla Model 3 vehicle warns the driver to keep their hands on the wheel and be prepared to take over at anytime while driving using FSD (Full Self-Driving) in Encinitas, California, U.S., October 18, 2023. Tesla faces a new investigation by the National Highway Traffic Safety Administration, or NHTSA, concerning issues with its "Full Self-Driving" systems, and whether they are safe to use in fog, glaring sun or other "reduced roadway visibility conditions." The probe follows an incident in which a Tesla driver who had been using FSD, struck and killed a pedestrian, and other FSD-involved collisions during reduced roadway visibility conditions. Records posted to the NHTSA website on Friday morning said the purpose of the new probe would be to assess:"The ability of FSD's engineering controls to detect and respond appropriately to reduced roadway visibility conditions; whether any other similar FSD crashes have occurred in reduced roadway visibility conditions and, if so, the contributing circumstances for those crashes," among other things. The agency will also look into Tesla's over-the-air, software updates to its FSD systems, which are now marketed as "Full Self-Driving (Supervised)," to understand the "timing, purpose, and capabilities of any such updates, as well as Tesla's assessment of their safety impact."

Persons: Tesla Organizations: Tesla, National, Traffic Safety Administration Locations: Encinitas , California, U.S

☆ The commercial real estate recovery is on, but the rebound may be uneven
▼ + stars: | 2024-10-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Howard Schnapp | Newsday | Getty ImagesThe tide could be turning for commercial real estate. That could give interest rate-sensitive sectors such as commercial real estate long-awaited positive momentum. While lower rates are not a "magic bullet," the easing of the Fed's monetary policy "lays the groundwork for a commercial real estate recovery," analysts wrote in a follow-up report in late September. More than $40 billion in transactions occurred during the second quarter, a 13.9% jump quarter over quarter, but still 9.4% lower year over year, according to real estate data intelligence firm Altus Group. While these dynamics could set the stage for a broader recovery, with some major subsectors such as commercial retail real estate picking up in tandem, the path forward will likely be uneven.

Persons: Howard Schnapp, Alan Todd, Todd, Willy Walker, Walker, Dunlop, what's, Wells, Wells Fargo, —, Chad Littell, Littell Organizations: Newsday, Federal Reserve, Bank of America, CNBC, REIT, Real, Board, New York, U.S, Capital Locations: Melville , New York, Wells, U.S, Manhattan, Wells Fargo

☆ 5 mistakes to avoid when interacting with coworkers, according to an etiquette coach
▼ + stars: | 2024-10-18 | by ( Alyshia Hull | ) www.businessinsider.com time to read: +4 min

Business Insider asked an etiquette coach about mistakes to avoid when interacting with coworkers. Being punctual and mindful of your body language are key ways to demonstrate respect in the office. AdvertisementFrom spreading gossip to showing up late to meetings, employees often make subtle missteps when interacting with coworkers. That's why Business Insider sat down with etiquette coach Mariah Grumet to learn about what to avoid when interacting with colleagues. Pay attention to your body language when interacting with colleaguesBody language can often serve as an indicator of your respect toward others.

Persons: punctual, —, Mariah Grumet, Grumet, it's Organizations: Service, Business

☆ Big Tech is spending big on nuclear to power its AI ambitions. Here's where they are placing their bets.
▼ + stars: | 2024-10-18 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Major tech companies are investing in nuclear power to support AI data centers. Nuclear energy provides clean, constant power for data centers. AdvertisementTech companies are turning to nuclear power to advance their AI ambitions. Aside from generating enormous amounts of power, nuclear power is also an attractive choice for companies hoping to meet global net zero goals. AdvertisementHere's a closer look at how tech companies are investing in nuclear energy.

Persons: —, Kathryn Huff Organizations: Service, Tech, Google, Companies, University of Illinois, Department of Energy Locations: University of Illinois Urbana, Champaign

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