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☆ Lisbon residents call for vote on restricting vacation rentals
▼ + stars: | 2024-11-11 | by ( Francesca Street | ) edition.cnn.com time to read: +4 min

But as overall monthly overnight stays in Portugal reached an all time high in August, some Lisbon residents are becoming frustrated by the impact of ballooning tourism on local quality of life. Following protests in September about the city’s housing market, thousands of people living in the Portuguese capital have signed a petition demanding a clampdown on Lisbon vacation rentals. The group behind the petition, the Referendum Movement for Housing (MRH), is seeking to eradicate the almost 20,000 short term vacation rentals in Lisbon residential blocks, hoping to free up housing opportunities for locals. CNN Travel has reached out to Airbnb for comment about the Lisbon referendum petition. Changing the Lisbon tourist industryFreitas stresses a successful referendum wouldn’t eliminate Lisbon tourist lets altogether, but prevent them from “existing in houses registered for residential use.” Landlords would also be prohibited from establishing new vacation rentals in residential buildings in the future.

Persons: Luisa Freitas, Jorge Castellanos, Freitas, “, ”, there’s, Airbnb, —, she’s Organizations: CNN, Housing, ”, CNN Travel, Getty, Barcelona, European Union, Lisbon Locations: Lisbon, Portugal, ” Lisbon, Augusta, Comercio, Baixa

☆ Alien-like signal from 2023 has been decoded. The next step is to figure out what it means
▼ + stars: | 2024-11-11 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +8 min

CNN —If Earth’s astronomical observatories were to pick up a signal from outer space, it would require an all-hands-on-deck effort to untangle and decipher the extraterrestrial message. The message, decoded by Ken Chaffin and daughter Keli, is not static but is in motion as the white dots are arranged into the five amino acids. The message is not static but is in motion and only displays the arrangement for about one-tenth of a second. The project’s designers confirmed that amino acids are the intended message, but they are leaving the interpretation open. The project team intentionally created a complex message, with some team members predicting it could take weeks or even years to be decoded.

Persons: Ken Chaffin, Keli, Ken Chaffin Ken Chaffin, Daniela de Paulis, Baruch Blumberg, Robert C, ”, “, Chaffin, Keli Chaffin, de Paulis, Paulis, they’re, ’, ” Keli Chaffin Organizations: CNN, SETI Institute, European Space Agency, Green Bank, Allen, Byrd Green Bank Telescope, Medicina Locations: View , California, Astrobiology, West Virginia, Mars, Northern California, Bologna, Italy

☆ Huge crime network forging Banksy, Warhol and Picasso uncovered in Italy
▼ + stars: | 2024-11-11 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

Rome, Italy Reuters —Italian police have uncovered a large-scale pan-European forgery network making and selling fake artworks attributed to some of the biggest names in modern and contemporary art including Banksy, Pablo Picasso and Andy Warhol. The chief prosecutor of Pisa, Teresa Angela Camelio, said experts from the Banksy archive who assisted with the investigation considered Monday’s operation as “the biggest act of protection of Banksy’s work.”Some of the fake artworks displayed by the Carabinieri in Pisa, Italy. 02:42 - Source: CNNThey said their probe started in 2023 when they seized about 200 fake pieces from the collection of a businessman in Pisa including a copy of a drawing by Italian painter Amedeo Modigliani. That led them to forgeries sold by auction houses across Italy, and to connect them to a known group believed to specialize in forgeries of Banksy and Warhol. To boost their credentials, the unnamed suspects organized two Banksy exhibitions with a published catalog in prestigious locations in Mestre near Venice and Cortona in Tuscany, investigators said.

Persons: Banksy, Pablo Picasso, Andy Warhol, Teresa Angela Camelio, ”, Claude Monet, Vincent Van Gogh, Salvador Dalí, Henry Moore, Marc Chagall, Francis Bacon, Paul Klee, Piet Mondrian, Amedeo Modigliani, Warhol Organizations: Italy Reuters, Carabinieri, Reuters, Reuters Pest Control, CNN Locations: Rome, Italy, Spain, France, Belgium, Pisa, Reuters Pest, Tuscany, Venice, Europe, Mestre, Cortona

☆ This wind stock tanked after Trump's win. Analysts now say buy the dip, giving it major upside
▼ + stars: | 2024-11-11 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Shares of Vestas Wind Systems tanked on the news that Donald Trump had won the 2024 presidential election. However, analysts at a number of investment banks have suggested that investors overreacted to fears of a downturn for the sector. And he's not alone — the consensus price target of all analysts covering the stock points to an upside of more than 50%. Vestas shares are also traded in the U.S. with the ticker VWDRY . In addition to the political headwinds, Vestas Wind Systems has also had to contend with the rising cost of materials and labor over the past few quarters.

Persons: Donald Trump, Trump, Donald Trump's, Jacob Pedersen, Pedersen, Joe Biden's, Vestas, Henrik Andersen, John Kim, Gael, Bray, That's Organizations: Vestas, Nasdaq, Deutsche, Gael de, Systems, Deutsche Bank Locations: USA, Danish, U.S, Nasdaq Copenhagen, United States

☆ Global manufacturing is poised for a temporary boom ahead of possible Trump tariffs
▼ + stars: | 2024-11-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Trump's proposed tariffs could lead to increased global manufacturing activity temporarily. Related Video China, Russia boast that trade is at an "all-time high" despite Western sanctions"Just as businesses try to get ahead of that, you could actually see a little bit of pop in global manufacturing, China manufacturing, as we head into the first quarter," he added. Exports could dip with focus on trade deficitsAny a temporary boost in trade would just be that: temporary. Advertisement"Higher US tariffs on Chinese exports could re-direct those exports into Asia, hurting local production," wrote the Nomura economists. "More tit-for-tat trade retaliation, trade policy uncertainty and delayed policy easing in some Asian economies will also likely spill into domestic demand," they added.

Persons: —, Donald Trump, Trump, Joe Lupton, Zichun Huang Organizations: Service, JPMorgan, Capital Economics, Exports, Nomura Locations: China, Russia, Vietnam, Japan, South Korea, India, Asia

☆ Why Is a Petrostate Holding This Year’s Climate Talks?
▼ + stars: | 2024-11-11 | by ( Max Bearak | ) www.nytimes.com time to read: +1 min

Heading into this month’s United Nations-sponsored climate negotiations, the world is contending with rising climate chaos and declining democracy. It won’t be lost on any of the attendees in Baku, the Azerbaijani capital, that the talks are being hosted by an autocratic government whose economy relies almost entirely on the fossil fuels that are the primary driver of climate change. As with so much at the United Nations, which is essentially a globe-spanning bureaucracy, the decision came down to protocol. And that protocol, because of particular weaknesses within it, was easily manipulated by Russia, which is itself an autocratic petrostate. By tradition, the U.N. climate summit is supposed to take place in a different part of the world each year.

Organizations: United Nations, Eastern Locations: United, Baku, Russia, Soviet

☆ Europe could try to stop — or get around — damaging Trump tariffs
▼ + stars: | 2024-11-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

Critics of the proposed tariffs say the policy could lead to higher prices for U.S. consumers. That leaves Asia and Europe having to quickly consider ways to mitigate the future impact of export tariffs, and whether to retaliate or to try to negotiate a get-out deal. But economists also say that the EU could try to use the carrot instead of the stick with the U.S., suggesting there are three other ways Europe might try to stop, limit or avoid Trump's likely tariff policy altogether. German Chancellor Angela Merkel deliberates with U.S. President Donald Trump during the G-7 summit in Canada on June 9, 2018. Jesco Denzel | Bundesregierung | Getty ImagesWhether there Europe can reach consensus on how or whether to do a deal with Trump is debateable, however.

Persons: Caitlin Ochs, Reuters Donald Trump's, Europe scrabbling, Trump, Flach, Donald Trump, Jean, Claude Juncker, Andrew Kenningham, Didier Lebrun, Photonews, Mujtaba Rahman, Ursula von der, Von der, Joe Biden, Kenningham, Angela Merkel deliberates, Denzel, Carsten Brzeski, Emmanuel Macron, Angela Merkel, There's Organizations: Reuters, Trump, ING, Germany's, International Economics, Germany, U.S, EU, Capital Economics, European Union, Getty, Eurasia Group, Sustainable Steel, US Trade, Technology Council, Bundesregierung Locations: Upper Bay, New York, U.S, Europe, EU, China, Asia, Germany, Ukraine, Canada, France

☆ Europe faces a 'full-blown recession' under Trump's tariffs, big bank says
▼ + stars: | 2024-11-11 | by ( Polly Thompson | Will Martin | ) www.businessinsider.com time to read: +3 min

Europe could fall into recession in 2025 under Trump's economic proposals, a major EU bank said. AdvertisementThe eurozone economy faces the possibility of a looming recession as tariffs promised by President-elect Trump look set to dampen growth, according to analysts at a Dutch bank. Trump pledged on the campaign trail to impose a fresh era of trade tariffs, building on policies he enacted during his first term as president. European Union economic growth is already struggling, and has lagged behind the US in recent years. He said Europe's economic challenges, including high energy costs, sluggish economic growth, and geopolitical instability, would only get worse in the event of a tariff battle with the US.

Persons: —, Trump, James Knightley, Nigel Green, Green Organizations: ING, Service, Trump, deVere Locations: Europe, China, Europe's, Ukraine, NATO

☆ COP29: As Trump’s win tests the world order, diplomats are fretting over what it means for the planet
▼ + stars: | 2024-11-11 | by ( Angela Dewan | Ella Nilsen | ) edition.cnn.com time to read: +8 min

A U-turn on US climate policy could be disastrous for the planet, as it raises the risk of emulation. When America does something on the world stage, at least some countries tend to follow. Ahead of Trump’s inauguration, negotiators will ramp down their expectations in terms of what’s possible at the talks, he said. President Luiz Inácio Lula da Silva, who will host the climate talks next year in Brazil, bowed out after a head injury. The world is already 1.3 degrees warmer than it was before humans started burning fossil fuels at an industrial scale.

Persons: CNN —, Donald Trump’s, Trump, ”, Oli Brown, ” Trump, they’ve, Mukhtar Babayev, Joe Biden, France’s Emmanuel Macron, Ursula Von Der Leyen, Claudia Sheinbaum, Olaf Scholz, Dick Schoof, Luiz Inácio Lula da Silva, Frederic J . Brown, Jonathan Pershing, Biden, “, Li Shuo, Trump’s, Joeri Rogelj, ” Rogelj Organizations: CNN, Union, Israeli, Maccabi Tel, Trump, Wilmington Oil, Getty, European Union, Asia Society Policy Institute, UN, Imperial College London Locations: Baku, United States, Paris, America, London, Mexico, Amsterdam, Maccabi Tel Aviv, Brazil, Wilmington, Los Angeles , California, AFP, China, EU, there’s

☆ How President-elect Trump can influence the U.S. economy
▼ + stars: | 2024-11-11 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +1 min

When President-elect Donald Trump returns to the White House in 2025, he will assume a key position within the U.S. economy. On the campaign trail, the former President promised to eliminate regulations that hold back key U.S. industries and extend tax cuts that expire after 2025. The President-elect has also promised to embark on a large deportation operation when he enters office. Analysts believe Trump's fiscal ideas could influence the trajectory of employment, inflation, and more in the U.S. -- particularly if the Republican party wins both chambers of Congress. Watch the video above to see how the U.S. economy may change under President-elect Trump.

Persons: Donald Trump, Marcus Noland, Trump Organizations: White House, Peterson Institute for International Economics, Republican Locations: U.S

☆ European markets set to start the week on a positive note
▼ + stars: | 2024-11-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European stocks are expected to open in positive territory Monday as global markets take a breath following last week's U.S. election. Earnings are set to come from Continental, Hannover Re and Mediobanca. Stocks also got a boost from the Federal Reserve after it lowered interest rates by a quarter percentage point last Thursday. Global investors will be awaiting the latest U.S. inflation readings due later in the week. Overnight, Asia-Pacific markets fell after China's latest stimulus measures underwhelmed and its October inflation numbers came in lower than expected.

Persons: Germany's DAX, Dow, Donald Trump's, Stocks Organizations: U.S, France's CAC, IG, Hannover Re, Federal Reserve, Global Locations: Continental, Europe, U.S, Asia, Pacific

☆ Taiwan wants to buy F-35 fighter jets and Patriot missiles to show Trump it's serious: report
▼ + stars: | 2024-11-11 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +5 min

The package could include 60 F-35 fighter jets and 400 Patriot missiles, the FT reported. According to the Financial Times, the package could include 60 F-35 fighter jets, four Advanced Hawkeyes, 10 retired warships, and 400 Patriot missiles. "Taiwan is thinking about a package to show that they are serious," one former Trump administration official told the Financial Times. Blandin added that it's highly unlikely the US would send troops to defend Taiwan in the event of a Chinese attack. AdvertisementIn 2022, Biden vowed to defend Taiwan in case of a Chinese attack.

Persons: Donald Trump, —, Trump, Benjamin Blandin, Blandin, Sari Arho Havrén, Biden, Karoline Leavitt Organizations: Patriot, Service, Financial Times, Hawkeyes, Lockheed, Aegis, Business, Reuters, Institute for Economics, Peace, Bloomberg, Yokosuka Council, Pacific Studies, Trump, Taiwan, Royal United Services Institute, Air Missile Systems, White, British Locations: Taiwan, China, United States, Yokosuka, Asia, Singapore, Philippines, London, Taipei

☆ Climate Action 15: 2024's Leading Innovators for a Sustainable Future
▼ + stars: | 2024-11-11 | by ( ) www.businessinsider.com time to read: +40 min

Editor's note: Business Insider's reporters and editors nominated leaders based on insights from past Climate Action honorees, expert sources, and reader submissions. Courtesy of Jayson RicamaraSaudi Arabia, with its hot desert climate and little fresh water, is one of the most difficult farming environments. AdvertisementIyris in October also launched a sustainable-farming pilot in Saudi Arabia with chemical and plastic manufacturers as well as companies including Red Sea Global, a luxury tourism developer. A UN climate panel estimated that harnessing wave energy could supply 20% more electricity than the world produced in 2022. The US is trying to shore up its own mining and manufacturing base to curb China's power, including in battery recycling.

Persons: Derya Baran, Iyris Derya Baran, Jayson Ricamara, Baran, SecondSky, who's, Inna Braverman, Braverman, David Leb, Charles Callaway, Environmental Justice Charles Callaway ., Callaway, Clara, Gretchen Cara Daily, Stanford University Gretchen Cara Daily, Daily, NatCap, Juan Carlos Navarro, Panama Juan Carlos Navarro, Panama Navarro, José Raúl, Haiti —, Navarro, del, Reinhold Gallmetzer, Reinhold, Gallmetzer, Brazil's JBS, packer, Diane Gilpin, Smart Green Shipping Diane Gilpin, Gilpin, Drax, Roberta Tuurraq Glenn, Borade, Savok Glenn, Glenn, Cynthia Houniuhi, Houniuhi, it's, Arvind Kumar, Prasad, Rice, Kumar, Ari Matusiak, Gazur, Matusiak, —, Duncan McIntyre, McIntyre, Altenex, Ozane, Biden, It's, Delta, Liz Ricketts, Charlie Engman Ricketts, Ricketts, Ricketts didn't, Chao Yan, Princeton NuEnergy Chao Yan, Yan Organizations: Iyris, United Arab, King Abdullah University of Science, Technology, Red, Eco, UN, Eco Wave Power, Shell, Environmental Justice, Proctor Academy For Callaway, Metropolitan Transportation Authority, Green Institute, Callaway, Natural, Stanford University, Stanford, Facility, Ministry, Environment, Panama's, UNESCO, US State Department, National Association for, Nature, Center, for, Carrefour, Nestlé, Smart Green Shipping, Scottish Enterprise, International Windship Association, Maritime Organization, Union, Alaska Arctic Observatory, National Weather Service, AAOKH, University of Alaska, Pacific Islands, University of, International Court of Justice, United Nations, Prasad Seeds, Labor, Prasad, International Rice Research Institute, Rewiring, Reduction, Communities, Highland Electric, Schools, Highland, Beverly Public Schools, Fortune, Edison International, Louisiana, US Department of Energy, Ozane, White, LNG, Vessel Project, Biden, Department of Energy, Kantamanto, London . Brands, McKinsey, Princeton, New Jersey Institute of Technology, Princeton University, Princeton NuEnergy, Energy, Laboratory, EV Locations: Jayson Ricamara Saudi Arabia, Saudi Arabia, United Arab Emirates, Egypt, Spain, Ukraine, Cherkassy, Israel, Gibraltar, Port of Los Angeles, Porto, Portugal, West Harlem, New York City, Clara Hale, Costa Rica, Belize, China, NatCap, Stanford, Panama, Colombia, Venezuela, Haiti, Panama City, Brazil, Peru, Brazilian, , Norway's, Barrow, Furness, Alaska, University of Alaska Fairbanks, Utqiaġvik, Fanalei, Solomon Islands, Fiji, Vanuatu, Tonga, Asia, Saharan Africa, India, Philippines, Nepal, Bangladesh, Africa, Hyderabad, South, Southeastern Asia, Subhanpur, Rewiring America, Massachusetts —, Sulphur , Louisiana, Calcasieu, Vessel Project Louisiana, Accra, Ghana, New York, London, Kantamanto, Taiyuan, China's Shanxi, Argonne, South Carolina

☆ I chose Europe over the US for my startup. The Silicon Valley startup benchmark is unparalleled, but I still prefer Berlin.
▼ + stars: | 2024-11-11 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

Ivan Maryasin founded Monite after moving from Silicon Valley to Berlin. Here's how its startup ecosystem compares to Silicon Valley. It's hard to find people with the same values or who'll know what you're talking about when you say, "Silicon Valley benchmark." AdvertisementI like living in Europe, but wouldn't rule out returning to AmericaMost people in Silicon Valley are focused on startups and innovation. If you're all about work and want to focus 24/7, Silicon Valley is the place to be.

Persons: Ivan Maryasin, —, I'd, that's, I've Organizations: Service, Hult International Business School, San Francisco, EU, LinkedIn, Facebook, MIT, Harvard, Business Locations: Silicon Valley, Berlin, Germany, Russia, Massachusetts, America, Moscow, Europe, it's, Zurich, Barcelona, London, San Francisco, California, Monite, Silicon

☆ Meet the Press – November 10, 2024
▼ + stars: | 2024-11-10 | by ( ) www.nbcnews.com time to read: +56 min

ANNOUNCER:From NBC News in Washington, the longest-running show in television history, this is Meet the Press with Kristen Welker. In a Meet the Press interview during his 2016 run, he suggested that his insurgent bid could generate cross-party appeal. AMY WALTER:Yeah, and the other thing that, you know, Democrats have been dining off the anti-Trump coalition now since 2017. RAMESH PONNURU:I think Democrats wildly overestimated the power of the abortion issue to drive candidate choice as opposed to referendum. There would be pressure on the president, President Biden, to not run for reelection.

Persons: KRISTEN WELKER, DONALD TRUMP, PRES, JD VANCE, Donald Trump, KAMALA HARRIS, Kamala Harris, JOE BIDEN, John Barrasso of, Bernie Sanders, Garrett Haake, Amy Walter, Ramesh Ponnuru, María Teresa Kumar, it’s, Kristen Welker, Trump, SEN, TED, JOHN MORENO, JD Vance, MIKE JOHNSON, Biden, they've, NANCY PELOSI, Kamala, DEBBIE DINGELL, RITCHIE TORRES, DAVID AXELROD, ALEXANDRIA OCASIO, unquote, JON FAVREAU, Joe Biden's, JON LOVETT, Joe Biden, “, “ It's, … they're, I'm, Steve Kornacki, STEVE KORNACKI, Kristen, ”, Trump's, That's, You've, Donald Trump's, Harris, Barack Obama, John McCain, it's, Steve, They're, you've, Barrasso, Press . SEN, JOHN BARRASSO, Bill Clinton “, ” Donald Trump, JOHN, We've, He's, we've, that's, Lindsey Graham, He'll, Robert F, Kennedy Jr, Trump hasn't, Susie Wiles, we're, President Trump, John Kennedy, Bobby, Sanders, BERNIE SANDERS, Let's, Nancy Pelosi, I’m, James Carville, JAMES CARVILLE, I've, Sotomayor, Garrett, he's, GARRETT HAAKE, John Barrasso, Paul Ryan's, Amy, AMY WALTER, – KRISTEN WELKER, It's, –, María Teresa, David Noriega, Mario, DAVID NORIEGA, MIREYA ALVAREZ, MARIO ALVAREZ, MARÍA TERESA KUMAR, Ramesh, RAMESH PONNURU, Richard Nixon, Aaron Burr, didn't, he'd, They've, TERESA KUMAR, María, – MARIA TERESA KUMAR, Dobbs, should've, Harris would've, ” KRISTEN WELKER, We'll Organizations: Republicans, Senate, Vermont, NBC, Capitol Hill, National, Press, NBC News, Arizona, Democratic, Republican, REP, Twitter, Trump, Republican Senate, Supreme, White, National Political, Republican Party, Democratic Party, Biden, Senate Republican, Press ., Trump's, United States Senate, Justice Department, Democrat Party, Security, Social Security, FDR, they're, California, Mr, Trump swiped, Democrats, –, Veterans Locations: United States of America, United States, John Barrasso of Wyoming, Washington, American, ALEXANDRIA, CORTEZ, USA, America, California, New York, Wisconsin, Madison , Wisconsin, Milwaukee County, Harris, Arizona, Pennsylvania, Mexico, Vermont, Nancy, Congress, U.S, Texas –, Texas, Philadelphia

☆ Trump made larger gains in 2024 in housing’s toughest markets, data shows
▼ + stars: | 2024-11-10 | by ( Jasmine Cui | Jasmine Cui Is A Reporter For Nbc News. | ) www.nbcnews.com time to read: +4 min

Across the country Tuesday, counties moved toward Trump by a median of 3.1 percentage points compared to the 2020 election. But in the top 10% of counties ranked most difficult for buying a home, the median shift was 4.5 percentage points. In Passaic County, New Jersey, with a population of more than 500,000, voters flipped for Trump by nearly 19 percentage points. Nearby in Pennsylvania, Northampton County — which narrowly tipped red with a shift of 3 percentage points — has a similar story. But not all high-challenge housing counties swung toward Trump.

Persons: Donald Trump, Trump, wasn’t, ”, Robert Shapiro, Harris, ” Shapiro, It’s, —, Bernard Fraga, Fraga, Joe Biden, ” Fraga, ‘ Organizations: NBC, Trump, Republicans, Columbia University, “ Voters, Democratic, Emory University Locations: Arizona, Georgia, North Carolina, Pennsylvania, Passaic County , New Jersey, America, In Passaic, Northampton County —, Northampton, Mesa County, Mesa, “

☆ Mark Cuban says Trump's tariff proposals will ramp up prices
▼ + stars: | 2024-11-10 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Mark Cuban has criticized Donald Trump's tariff proposals. AdvertisementMark Cuban is raising the alarm again on President-elect Donald Trump's tariff proposals. In a Threads post on Friday, Cuban said companies are already bracing for potential tariffs on Chinese imports by shoring up inventory. Cuban wrote that this will inevitably raise consumer prices due to the cost of storing inventory. Many economists say that Trump's tariffs will ultimately hurt consumers' wallets.

Persons: Mark Cuban, Donald Trump's, —, Cuban, Trump, Kamala Harris, Harris, Paul Krugman, Philip Daniele, Timothy Boyle, Oliver Zipse Organizations: Service, Cuban, Trump, Peterson Institute for International Economics, Federal, Taxation, Economic, Columbia, Washington Post, BMW Locations: Cuban, China, United States

WASHINGTON — As a candidate, Donald Trump promised to relieve consumers of high interest rates. Trump repeatedly said during the campaign that he would bring down interest rates without elaborating on how. He has suggested the president should have a say in determining rates set by the Federal Reserve and publicly berated the central bank and its chairman, Jerome Powell, for not lowering rates sooner. Trump has no direct control over the interest rates set by the Federal Reserve, which is determined by a committee that includes seven members appointed to 14-year terms along with five regional Reserve Bank presidents. “There aren’t a lot of policies that the president has at his disposal that can really lower rates,” said McLaughlin.

Persons: Donald Trump, Trump, Jerome Powell, ”, Kent Smetters, “, isn’t, Ralph McLaughlin, McLaughlin, Powell, Xi Jinping, ” Powell, he’s, ” Trump, reappoint Powell, Scott Bessent, Barron’s, Bessent Organizations: WASHINGTON, Federal Reserve, United, University of Pennsylvania Wharton School, Federal, Realtor.com, Reserve Bank, Fed’s, Governors, Twitter, Trump, Chicago Economic, Senate, Republicans, Fed Locations: United States, America, U.S, China

☆ Northern Gaza at imminent risk of famine, WHO says
▼ + stars: | 2024-11-09 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +6 min

Northern Gaza is at risk of imminent famine, the World Health Organization said on Friday, as Israel continues its bombardment across Gaza amid threats by the Biden administration to limit military assistance to Israel if it did not allow more humanitarian aid into the enclave. It also said that 713 aid trucks were brought into northern Gaza since the beginning of October. A Palestinian man carries a child injured in an Israeli strike on the Jabalia refugee camp in the northern Gaza on Thursday. Tens of thousands of people have fled northern Gaza to nearby Gaza City in the latest wave of displacement within the besieged territory. A Palestinian child fleeing Beit Lahia in northern Gaza on Tuesday, walks down Salah al-Din road toward Gaza City.

Persons: Biden, Joe Biden, Donald Trump’s, Israel, Benjamin Netanyahu, Trump, Israel's, ”, Netanyahu, EYAD BABA, Scott Paul, Matthew Miller, Fawaz, Itzik Cohen, Beit, Salah al, OMAR AL, Giora Eiland Organizations: World Health Organization, Israel, Getty, WHO, Israel Defense Forces, International Rescue, UNRWA, United Nations, Oxfam America, NBC News, ”, State, London School of Economics, United Nations Human Rights Office, AFP, IDF, NBC News ’, Sky News, Israeli National Security Council Locations: Northern Gaza, Israel, Gaza, Palestinian, AFP, NBC News ’ British, Gaza City, Beit Lahia, OMAR

☆ Billions were bet on election odds using online markets
▼ + stars: | 2024-11-09 | by ( Bruna Horvath | Bruna Horvath Is An Intern On Nbc News' Tech Team. | ) www.nbcnews.com time to read: +3 min

Election betting platforms brought in billions of dollars as users around the world wagered on who would win Tuesday’s U.S. presidential election, according to an NBC News analysis of betting platforms. Michigan and Georgia followed close behind, and the rest of the swing states were all in the top 15 states with the highest trading volume. On both Polymarket and Kalshi, bets on swing states alone made up around half of the total trading volume on state outcomes. One Polymarket bettor, who identified himself as “Théo” in an interview with The Washington Post, had bet over $28 million on Trump winning the presidential election using multiple betting accounts. “Théo” had put money down on all the swing states, according to Polymarket’s analytics.

Persons: Donald Trump, Kamala Harris, Eric Zitzewitz, “ There’s, Will, ” Zitzewitz, bettor, “, Théo ”, Polymarket, Shayne Coplan, “ Théo, Zitzewitz Organizations: U.S, NBC, Dartmouth University, Republicans, Alabama, Democrats, California, Washington Post, Trump, Futures Trading Commission, Bloomberg Locations: Pennsylvania, Kalshi . Michigan, Georgia, U.S, America

☆ Georgia’s pecan harvest was devastated by Hurricane Helene. Farmers are on the brink.
▼ + stars: | 2024-11-09 | by ( John Towfighi | ) edition.cnn.com time to read: +6 min

Hurricane Helene affected at least 48,000 acres of pecan trees, according to UGA. The overall economic impact of Hurricane Helene on Georgia’s entire agriculture industry is estimated at $6.46 billion, according to UGA. Hurricane Helene was also crippling for farmers in Georgia because it hit just six years after Hurricane Michael, Wells said. ‘Not… a single pecan’Moses said the damage from Hurricane Helene means she and her husband “will not harvest a single pecan” this season. At the Moses pecan farm, Taylor Moses said she and her husband have had long, emotional conversations about whether to replant their pecan trees.

Persons: CNN — Taylor Moses, Hurricane Helene, Moses, Arren, ” Moses, “, you’ve, it’s, Helene, Lenny Wells, Wells . Hurricane Helene, Hurricane Michael, Wells, Michael, ” Wells, Tyler Harper, Harper, ”, Moses pecan, Georgia Department of Agriculture Chris Harrell, Harrell, ‘, ’ Moses, Greg Fonsah, Brad Rubin, ” Rubin, Laura Shenkar, Shenkar, ” Shenkar, Taylor Moses Organizations: CNN, Department of Agriculture, UGA, Hurricane, Georgia’s, Agriculture, Georgia Department of Agriculture, Southern Roots Nuts, Southern Roots, Wells, Food Institute Locations: Georgia, ” Georgia, —, Hurricane, Wells . Hurricane, Uvalda , Georgia, New Mexico

☆ Forget swing states. Here's how the generations flipped on Election Day.
▼ + stars: | 2024-11-09 | by ( Noah Sheidlower | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Gen X and younger voters shifted right in recent polls, favoring Trump more than they did in 2020. Democrats lost a lot of ground with Gen Z, while Republicans won Gen X by a much wider margin than in 2020. Gen Z favored Vice President Kamala Harris by 11 points, compared to 24 points for President Joe Biden. Gen X already disapproved of Biden the most among generations, per late 2023 polling from NPR, PBS NewsHour, and Marist. Are you a Gen Z who shifted right or a boomer who shifted left?

Persons: X, Gen Xers, Joe Biden, —, Gen Z, Gen, millennials, Zers, Donald Trump, Kamala Harris, Millennials, Harris, Andrew Heyward, Trump, Joe Rogan, Jason Brennan, Brennan, Z's Gen, Gen X, Biden, Amy Walter Organizations: Trump, Service, Democrats, Republicans, Democratic, Boomers, Gallup, Walton Family Foundation, CBS News, New York Times, GOP, Georgetown University's McDonough School of Business, NPR, PBS, Marist, jkaplan

☆ Voters worldwide are angry about higher prices and keep punishing those in power
▼ + stars: | 2024-11-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Incumbent governments have been punished in Britain, France, India, Japan, South Korea, and elsewhere. The near-universal shift away from Democrats echoes voters' rejection of incumbent political parties across the world this year. South Africa's African National Congress (ANC) party lost its majority. Similarly, Deutsche Bank's Reid wrote that voters are disappointed by how slowly their lives are improving amid cooler economic growth. He said they don't buy that incumbents can tackle immigration, some incumbent governments have had scandals, and voters have become "much more willing to change their vote from election to election."

Persons: Donald Trump's, Kamala Harris, —, Donald Trump, Biden, Harris, Narendra Modi, Korea's Democrat Party snagged, Jim Reid, Tina Fordham, Louis Perron, Deutsche Bank's Reid Organizations: Service, Democratic, Britain's Labour Party, Conservative Party, Rally, Japan's Liberal Democratic Party, Indian, Korea's Democrat Party, National Congress, ANC, Deutsche Bank, Fed, Bank of England, European Central Bank, CNN, Win, Deutsche Locations: Britain, France, India, Japan, South Korea, London, Tokyo, Seoul, Cape Town, Washington, Gaza, country's, South, Ukraine

☆ Europe's banks brace for tougher competition under Trump 2.0
▼ + stars: | 2024-11-09 | by ( ) www.cnbc.com time to read: +2 min

JPMorgan , Goldman Sachs and Morgan Stanley shares all soared while the STOXX Europe 600 Banks index is down more than 1% for the week. "If U.S. banks get the expected policy support, they could ramp up loan volumes and optimize capital in ways that Europe's banks just can't match right now," Materazzi said. Since early 2010, European banking shares have fallen 10%, while U.S. lenders have more than tripled. The European Central Bank has estimated that euro zone banks' return on equity fluctuates around 5%, against 10% in the U.S., linking it to higher U.S. fee income and legacy non-performing loans with which European banks still grapple. A wave of deregulation should give European banks some leverage to lobby for easing the rules in Europe, which are already more onerous, one banking executive told Reuters.

Persons: Boris Roessler, Donald Trump, Goldman Sachs, Morgan Stanley, David Materazzi, Materazzi, Karin Keller, Sutter, Rachel Reeves, Trump Organizations: Getty, JPMorgan, Galileo, European Central Bank, Trump . Swiss, Reuters, The Locations: Frankfurt, U.S, Britain, Basel, Italy, USA, Europe, The U.S

☆ Trump will shake the world up. Maybe that’s what it needs
▼ + stars: | 2024-11-09 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: +9 min

To be clear: Trump does not inherit a world at peace, where America’s unquestioning role as a beacon of freedom and moral superiority has brought enduring calm. Yet Tehran now has experience of Trump as someone willing to be wildly incautious and unafraid of international norms. As President Joe Biden - who did all he could to avoid war with Iran - leaves power, Iran looks incredibly weak. But in the current moment we are at in the war, Ukraine is equally in need of time to regroup and rearm. Does Putin risk Trump taking greater personal offense if that same deal is later betrayed, and their entente exposed as a sham?

Persons: Donald Trump’s, George W, Bush, Pervez Musharraf, Trump, America’s, Benjamin Netanyahu, Alex Brandon, Vladimir Putin, Biden, Qasem Soleimani, Netanyahu, Joe Biden, Xi Jinping, Nina Liashonok, Volodymyr Zelensky, ”, Putin, bode Organizations: CNN, Biden, Trump, Israeli, ISIS, Iran’s Revolutionary Guard Corps, US, Ukraine, Residents, NATO, Putin Locations: America, Lago, Iran, Turkey, Syria, Afghanistan, Ukraine, Israel, Gaza, Lebanon, Baghdad, Tehran, China, Taiwan, Beijing, Moscow, Russia, Odesa, Europe

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