DIRS.INFO The most relevant business & tech news

MILWAUKEE — Former President Donald Trump has never stopped propagating falsehoods that the 2020 presidential election was stolen from him. “The Democrat Party is guilty of the Worst Election Interference in American History,” Trump wrote Wednesday on social media after the judge overseeing his federal election interference case in Washington released a redacted filing from special counsel Jack Smith. Trump’s campaign did not provide a response to questions about his repeated use of the “election interference” label. It’s part of an extensive pattern of false election-rigging claims from Trump — beyond his well-documented lies about the 2020 election. He was among the 139 GOP House members who objected to the 2020 election certification.

Persons: Donald Trump, Trump, ” Trump, Jack Smith, Harris, Biden, Trump’s, “, ”, Kamala Harris, Hillary Clinton, Brian Hughes, spokespeople, Steven Cheung, —, Jean Carroll, Joe Biden, Cheung, baselessly, it’s, Obama, Sen, Ted Cruz, Cruz, Clinton, Jesus, “ Dr, Phil ” McGraw, Mike Johnson, we’re, ” Johnson Organizations: MILWAUKEE, Democrat, Fox Nation, Service, United Nations General Assembly, Google, White, Justice Department, White House, Democratic, Federal, Hollywood, New, “ BIG, Trump, Amazon, Trump —, GOP, Cruz “, Iowa, Republican, Allies, Republican National Committee, NBC News Locations: Washington, New York, U.S, Iran, China, Russia, North Carolina, Iowa, Ted Cruz of Texas, California

☆ Jack Smith court filing against Trump and Israel strikes central Beirut: Morning Rundown
▼ + stars: | 2024-10-03 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +9 min

A new court filing from special counsel Jack Smith argues Donald Trump acted as a private citizen when he sought to overturn the 2020 election. It includes new details about Trump’s actions after the 2020 election and leading up to the Jan. 6 riot at the U.S. Capitol, including testimony detailing Trump’s conversations with former Vice President Mike Pence. Trump campaign spokesperson Steven Cheung blasted the “falsehood-ridden” filing and declared the case a “partisan, Unconstitutional Witch Hunt.”Read the full story here. Liz Cheney, a former Republican congresswoman and daughter of a former Republican vice president, will campaign with Vice President Kamala Harris today in the Wisconsin city considered the birthplace of the Republican Party. 2025 ambitions: Republicans in Congress are already looking ahead at what they could accomplish if Donald Trump wins the 2024 election.

Persons: Jack Smith, Donald Trump, Hurricane Helene, Here’s, Trump ‘, “, ”, Mike Pence, Pence, Trump, Steven Cheung, Witch Hunt, Helene Swannanoa Deon Hampton, Deon Hampton, Beverly Eller, Stewart Cody, Helene, Elon Musk’s, Joe Biden, Sen, JD Vance, Liz Cheney, Kamala Harris, Tom Cotton of, Charisse, Lane, — Michelle Garcia, Elizabeth Robinson Organizations: NBC News, U.S . Capitol, Getty, country’s Ministry of Health, Beirut . One U.S, NBC, Staff, Mission, Republican, Republican Party, Affordable, Trump, GOP, College Republicans, Florida, M University Locations: Beirut, United States, Israel, Iran, Lebanon, AFP, Bachoura, Beirut . One, Lebanese, North Carolina, Hurricane, Florida, Georgia, Tennessee, Swannanoa , North Carolina, Asheville, Michigan, Wisconsin, Tom Cotton of Arkansas

☆ Chiang Mai: About 100 rescued elephants escape flash floods at popular sanctuary in northern Thailand
▼ + stars: | 2024-10-03 | by ( Helen Regan | Kocha Olarn | ) edition.cnn.com time to read: +4 min

Dramatic video and images from the Elephant Nature Park near the city of Chiang Mai showed dozens of elephants wading through belly-deep water to find safety on higher ground. A view of the flooded elephant sanctuary in Chiang Mai, Thailand. Elephant Nature ParkThe Elephant Nature Park is an elephant rescue and rehabilitation center in the Chiang Mai countryside that has rescued more than 200 elephants from the tourism and logging industries since its inception in the 1990s. Rescue workers evacuate animals to higher ground at Elephant Nature Park after severe flooding caused the nearby river to overflow in Chiang Mai, Thailand. Elephant Nature ParkSeveral villages in Chiang Mai’s Mae Rim district have been inundated by water from upstream runoffs, local media reported Thursday.

Persons: Chiang Mai, Chailert, “, Saengduean, ”, Typhoon Yagi, ” Saengduean Organizations: Bangkok CNN, CNN, Facebook Locations: Bangkok, Thailand, Chiang Mai, Northern Thailand, Chaing Mai, Chiang, Mae Rim

☆ A three-headed economic monster lurches into the presidential campaign
▼ + stars: | 2024-10-03 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —With barely a month to go before the US presidential election, a trifecta of economic shocks is threatening to sap Vice President Kamala Harris’ momentum on voters’ No. 1 issue: a port strike, a hurricane and an escalation of fighting in the Middle East. Price pain could crop up elsewhere if the East Coast port strike, which began Tuesday, drags on longer than a week. “If the Boeing strike and the port strike … last through the second week of October, job growth for October could be negative,” researchers at Oxford Economics wrote Wednesday. A negative jobs report hasn’t been seen in this country since December 2020, the last full month of the Trump administration.

Persons: CNN Business ’, Kamala Harris, Donald Trump hasn’t, “, ”, Harris, Emily Elconin, Harris ’, Price, Biden, Hurricane Helene, Moody’s, Helene, hasn’t, Trump, — Organizations: CNN Business, New York CNN, Republican, Democratic, Bloomberg, Getty, Boeing, Biden, Oxford Economics Locations: New York, Georgia, East, Maine, Texas, Carolinas, Florida, Tennessee

☆ Auto giants are getting nervous about the prospect of mega fines as EV demand falters
▼ + stars: | 2024-10-03 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

Cfoto | Future Publishing | Getty ImagesEurope's top car giants appear to be increasingly concerned about the prospect of massive fines, particularly as electric vehicle demand falters ahead of the next tightening of carbon regulations. "The fines are massive actually. "Manufacturers are pretty much focused on conventional hybrids and ICE vehicles because they are much more profitable," ING's Luman said. Pooling refers to the process in which car manufacturers team up to be considered as one entity when calculating their performance against a CO2 emissions target. Not everyone is convinced that the sales challenge that Europe's car industry faces constitutes an industry-wide crisis.

Persons: Rico Luman, Europe's carmakers, Luman, Luca de Meo, ACEA, Tim McPhie, McPhie, ING's Luman, Sean Gallup, Xavier Demeulenaere, Demeulenaere, Brandon Bell Organizations: Volkswagen, ING, CNBC, videoconference, Renault, EV, Reuters, European Automobile Manufacturers ' Association, BMW, Ferrari, Volvo, European Commission, Ford, Benz Group, Manufacturers, Getty, P Global Mobility, Transport, Environment, Hill Locations: Anhui, Hefei, China, Europe, ACEA, Weissenfels, Germany, Austin , Texas

☆ Oil market faces a rude awakening if Iran’s energy infrastructure is targeted, analysts say
▼ + stars: | 2024-10-03 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

It comes amid speculation that Israel could be planning to launch a retaliatory attack on Iran targeting its oil infrastructure — a prospect which would likely deliver a rude awakening to bearish energy market participants. Iran, which is a member of the Organization of the Petroleum Exporting Countries (OPEC), is a major player in the global oil market. So much so, it is estimated that as much as 4% of the world's supply could be at risk if Iran's oil infrastructure becomes a target for Israel. That, of course, would add a significant risk premium to oil," Schieldrop said. Situated between Iran and Oman, the Strait of Hormuz is a narrow but strategically important waterway that links crude producers in the Middle East with key markets across the world.

Persons: Bjarne Schieldrop, SEB, Schieldrop Organizations: CNBC, Organization of, Petroleum, Israel Locations: Isfahan Refinery, Iran, Isfahan, Israel, Strait, Hormuz, Oman

☆ TikTok is training its e-commerce partners on what's worked in China as it doubles down on live selling
▼ + stars: | 2024-10-03 | by ( Dan Whateley | ) www.businessinsider.com time to read: +6 min

The company spent much of the event pushing TikTok Shop partners to test out live selling. But live selling was the clear focus of the event, five partners who attended told Business Insider. AdvertisementA second partner who attended the event described its content as "live, live, live." The invite list for the summit may have also played a role in focusing the discussion around live selling. Several attendees said the prospect of a ban wasn't brought up at the company's TikTok Shop partner summit.

Persons: TikTok, —, Jake Bjorseth, Trndsttrs, what's, ByteDance, adQuadrant, Warren Jolly, you've, Jolly, it's, Bjorseth, influencers, TikTok's, wasn't Organizations: TikTok, Service, Culver City, Business, Shop, TikTok's, Douyin, BI, Amazon, Walmart Locations: China, Culver, livestream, TikTok's China, Asia, Shanghai, Hangzhou, North America, Europe

☆ CNBC Sport: A responsible look at women's sports exuberance
▼ + stars: | 2024-10-03 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +28 min

Media landscape shifts Most of the value in professional sports is propelled by media rights deals, and we're in an unusual sweet spot right now for sports. Still, gaining access to 11 teams' media rights is probably in the league's long-run best interest. You have the WNBA rights term worth $2.2 billion over 11 years with league expansion going from 12 to 15 teams. Media landscape shifts Most of the value in professional sports is propelled by media rights deals, and we're in an unusual sweet spot right now for sports. Still, gaining access to 11 teams' media rights is probably in the league's long-run best interest.

Persons: Alex Sherman, Jeff Zucker, Patrick Whitesell, Zucker, Scripps –, it's, Alex Michael, he's, Michael, they're, There's, Caitlin Clark, Michael said, weathers, AEW, I'm, Tony Khan —, he'd, Khan, US Networks Kathleen Finch, Max, hasn't, Finch, Rob Manfred, doesn't, CNBC's Lillian Rizzo, Craig Kilborn, Barrett, Jackson, Caitlin Clark's, You've, Soccer League's Nielsen, Tom Brady, Father, Brady, Jess Golden, Michael Jordan, Libs, Jim France, OneFootball, Lionel Messi, Jessica Pegula, CNBC's, Venu, Fubo, Venu …, Nike, Matthew Friend, John Donahoe, Elliott Hill, Sabrina Ionescu –, Jane Hali, Jessica Ramirez, AE1, Gabrielle Fonrouge, Ariel Atkins, DiDi Richards, Craig Hudson Organizations: CNBC, Endeavor, WNBA, NCAA, National Women's Soccer League, Amazon, CBS, ESPN, Scripps, NBA, Fox, NBC, Apple, Google, MLS, Clark, Warner Bros ., TNT, TBS, Warner Bros, Discovery, US Networks, Diamond Sports Group, U.S, Bankruptcy, Southern, Southern District of, Major League Baseball, Atlanta Braves, MLB, Holdings, UFC, WWE, WME Sports, ATP, Miami, NCAA Women's, Soccer, Angel City FC, NFL, Premier League, Netflix, Tech, CNBC Sport, Father Time, NASCAR, Motorsports, Major League Soccer, American, NHL, Buffalo Sabres, Bills, Disney, International Center for Law & Economics, Nike, New York Liberty, Air Force, Air Jordan, League Men's NCAA, Gonzaga, Pac, West Coast Conference, FloSports, Sports, Indiana Fever, Washington Mystics, Capital, Washington , D.C, Washington Post Locations: York City, Southern District, Southern District of Texas, OpenBet, U.S, Kobe, Washington ,

☆ Time to bail on the market's hottest sector? Some investors are starting to sell
▼ + stars: | 2024-10-03 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

Utilities are having their best rally in decades , propelled by artificial intelligence enthusiasm and the prospect of lower interest rates, but some investors are cooling on the sector. Rate-sensitive utilities are now the best-performing sector in the S & P 500 in 2024, jumping more than 28%. The sector is on pace for its best year since 2000, when it climbed more than 50%. XLU XLK,.SPX YTD mountain Utilities versus tech and the S & P 500 in 2024 Utilities are viewed as an outsized beneficiary of lower borrowing costs due to their high capital requirements. For the time being, investors are still flocking to the names: Vistra and Constellation hit fresh all-time highs on Thursday.

Persons: XLU XLK, Jason Goepfert, Kathryn Rooney Vera Organizations: Vistra Corp, Constellation Energy

☆ October surprises are piling up, but a toss-up race seems impervious to shocks
▼ + stars: | 2024-10-03 | by ( Stephen Collinson | ) edition.cnn.com time to read: +14 min

The trio of tests facing Harris comes with potential economic, political and humanitarian consequences if the administration errs. And the new scrutiny of Trump’s behavior after the 2020 election could cause some voters to again question his fitness for the Oval Office. Former President Donald Trump speaks during a campaign event at Dane Manufacturing in Waunakee, Wisconsin, October 1, 2024. NONE OF THIS HAPPENED WHILE I WAS PRESIDENT!” Trump wrote on Truth Social on Tuesday. But Trump has already tried to manipulate the tragedy for political gain, accusing Biden of “sleeping” following the storm.

Persons: Donald Trump, Kamala Harris, Biden, Hurricane Helene, Trump, Jack Smith, ’, Harris, Kamil Krzaczynski, Trump’s, ” Smith, Smith, ” Trump, Steven Cheung, JD Vance couldn’t, Augusta Mayor Garnett Johnson, Brendan Smialowski, Joe Biden, Helene, Amir Cohen, Hassan Nasrallah, Benjamin Netanyahu’s, Netanyahu’s, Netanyahu, “, ”, There’s, egging Netanyahu, Spencer Platt, “ Donald Trump …, Still, Mandel Ngan, they’ve, Brian Kemp, ” Biden, we’re Organizations: CNN, Oval, Dane Manufacturing, Getty, Trump, ”, Radical Democrats, Republican, Augusta, Democratic, White, Reuters, Wednesday, Democratic Party, Port, International Longshoremen’s Association, Biden, Republican Party, GOP, Raleigh Emergency Operations Center, Pentagon, National Guard, Georgia Republican Gov Locations: Hurricane, Waunakee , Wisconsin, AFP, Meadowbrook, Augusta , Georgia, Iran, Israel, United States, Tehran, Russia, Ukraine, Ashkelon, Lebanon, Gaza, Islamic Republic, Washington, Michigan, New York, Newark, Staten Island , New York, Gulf Coast, Raleigh , North Carolina, Georgia, North Carolina

Smith, in the 165-page document, provides the fullest accounting yet of evidence in his 2020 election conspiracy case against Trump, Pence’s former boss. Increased pressure on PenceTrump, after Pence told him he did not have the authority to decertify the election, began to up the intensity of his request, prosecutors say. On the call, Trump told Pence that “hundreds of thousands” of people “are gonna hate your guts” and “people are gonna think you’re stupid,” also calling Pence “too honest,” according to the filing. Hours before January 6On January 5, 2021, according to the filing, Trump once again met with Pence to allegedly try to pressure him not to certify the electoral college votes. Some of those inside the Capitol then later began chanting, “Hang Mike Pence!,” “Where is Pence?

Persons: Mike Pence’s, Joe Biden’s, Donald Trump, Jack Smith’s, Smith, Trump, Pence, Kamala Harris ’, –, Harris ’, Tim Walz, Sen, JD Vance, ” Walz, “, doesn’t, Walz, Harris, Mike Pence, ”, Biden, ” Trump, ’, Pence Trump, Pence –, John Eastman, Pence’s, Trump “, didn’t, ” Smith, —, Polantz, John Fritze, Devan Cole, Marshall Cohen Organizations: CNN, Trump, Capitol, Supreme, Republican Party, Electoral, White, Twitter, Electoral College Locations: York , Pennsylvania, Arizona, Georgia, Washington , DC

☆ The GOP's SCOTUS dreams: From the Politics Desk
▼ + stars: | 2024-10-02 | by ( The Politics Desk | ) www.nbcnews.com time to read: +10 min

In today’s edition, senior national political reporter Sahil Kapur looks at the excitement among Republicans over the prospect of confirming new Supreme Court justices if Donald Trump wins. Republicans eye confirming even more Supreme Court justices if Trump winsBy Sahil KapurDuring Donald Trump’s White House tenure, Republicans assembled the most conservative Supreme Court in a century. Five almost seems too much to hope for.”On the campaign trail, Harris hasn’t said much about the prospect of Supreme Court vacancies under the next president. Read more →Harris’ campaign targeted Trump’s age for the first time in paid media since she became the Democratic nominee with a new digital ad. Read more → Follow live coverage from the campaign trail →That’s all from the Politics Desk for now.

Persons: Sahil Kapur, Donald Trump, Chuck Todd, Donald Trump’s, Kamala Harris, Clarence Thomas, Samuel Alito, ” Sen, Josh Hawley, “, I’m, ” Hawley, Thomas, Alito — “, Trump, Franklin D, Roosevelt, Sen, John Cornyn, Harris hasn’t, Roe, Wade, Dick Cheney, Joe Lieberman, John Edwards, Joe Biden, Sarah Palin, Paul Ryan, Tim Walz, JD Vance, Vance, Walz, Kamala Harris ’, Harris, Read, Chuck → 🗞️, Filip, $4 Organizations: NBC, White House, Capitol, Trump, Republicans, GOP, Republican, ”, Biden, aig Locations: Texas

WASHINGTON — During Donald Trump’s White House tenure, Republicans assembled the most conservative Supreme Court in a century. Now, they’re excited about the prospect of building on those efforts by confirming even more conservative justices, as well as lower-court judges, if he wins another four years. Two long-serving conservative justices will be on retirement watch in the coming years: Clarence Thomas, 76, and Samuel Alito, 74. It takes 51 votes to confirm a Supreme Court justice, so in that scenario Republicans would have the power to replace them without any input from Democrats. On the campaign trail, Harris hasn’t said much about the prospect of Supreme Court vacancies under the next president.

Persons: Donald Trump’s, Kamala Harris, Clarence Thomas, Samuel Alito, ” Sen, Josh Hawley, “, I’m, ” Hawley, Thomas, Alito — “, John Cornyn, Trump’s, ” Cornyn, Trump, Franklin D, Roosevelt, Mazie Hirono, Dobbs, ”, Hirono, Alito, Sonia Sotomayor, John Roberts, Harris hasn’t, Roe, Wade, ” Harris, ” Trump, Sen, Dick Durbin, ” Durbin, Amy Coney Barrett, Mike Davis, ” Davis, “ Trump, Thom Tillis, SCOTUS, “ I’ve, ” Tillis Organizations: Republicans, Trump, GOP, Federal Society, Supreme, Republican, White, NBC Locations: WASHINGTON, Texas, Hawaii, deadpanned, Los Angeles

☆ 'Heartstopper' star Yasmin Finney on filming her first sex scene and ignoring online haters
▼ + stars: | 2024-10-02 | by ( Max Gao | Max Gao Is A Freelance Entertainment | Sports Journalist Based In Toronto. He Has Written For Nbc News | ) www.nbcnews.com time to read: +9 min

I think that’s quite rare to have that, but I feel quite protected with the ‘Heartstopper’ fan base,” Finney said on a recent video call from her flat in London. Yasmin Finney and Will Gao in a scene from the Netflix series "Heartstopper." It is keyboard warriors on their phone, with a box of KFC, who are just like, ‘Oh, I hate trans people,’” Finney said. “When I finished filming season three [of ‘Heartstopper’], I just really realized that the roles that I’m getting are mostly trans. I kind of had this yearning for a connection with another kind of role,” Finney said, noting that she is still looking for that particular part.

Persons: Elle Argent, “, ” Yasmin Finney, Finney, Who, —, “ I’ve, ” Finney, Alice Oseman’s, Joe Locke, Kit Connor, Elle, Tao Xu, William Gao, Tao, ’, ”, Xu, Yasmin Finney, Will Gao, Samuel Dore, that’s, I’m, Russell T, Davies, Ncuti Gatwa, Rose Noble, Donna Noble, Catherine Tate, Rose, David Tennant, ’ ” Finney, “ I’m, Oseman, Heartstopper ” Organizations: Elle, Netflix, BBC, KFC Locations: United Kingdom, London, people’s, Manchester

☆ Oil prices rise on escalating attacks in the Middle East
▼ + stars: | 2024-10-02 | by ( ) www.cnbc.com time to read: +2 min

Storage tanks and oil processing facilities operate at Saudi Aramco's Ras Tanura oil refinery and terminal in Ras Tanura, Saudi Arabia, on Oct. 1, 2018. Oil prices rose on Wednesday on fears conflict in the Middle East could turn into a wider war and disrupt oil supply from the key producing region after Iran fired ballistic missiles at Israel. Iran's oil output rose to a six-year high of 3.7 million barrels per day in August, ANZ added. "Iran accounts for about 4% of global oil output, but an important consideration will be whether Saudi Arabia increases production if Iranian supplies were disrupted." "Any suggestion that production hikes will proceed could offset concerns of supply disruptions in the Middle East," ANZ's note said.

Persons: Brent, Israel, Benjamin Netanyahu, Joe Biden Organizations: U.S, West Texas, Organization of, Petroleum, ANZ Research, ANZ, Israel, . Security, American Petroleum Institute Locations: Saudi, Ras Tanura, Saudi Arabia, Iran, Israel, Lebanon, Tehran, OPEC, Russia, U.S

It should be a proportional response,” Biden told reporters Wednesday following a virtual call with leaders from the Group of 7 industrialized nations. The administration currently assesses it’s unlikely Israel would target Iran’s nuclear sites, though one senior official said Israel still hasn’t decided on where it might strike. Biden said Wednesday he does not support an Israeli attack on Iranian nuclear facilities. “The answer is no,” he responded when questioned about the prospect of Israel launching a retaliatory strike on sites related to Iran’s nuclear program. “Iran is a destabilizing, dangerous force in the Middle East, and today’s attack on Israel only further demonstrates that fact.”

Persons: Joe Biden, Israel, Biden, “, ‘, ’, Benjamin Netanyahu, ”, Netanyahu “, Kurt Campbell, ” Campbell, ” Biden, hasn’t, Netanyahu, Antony Blinken, Hashanah, Kamala Harris —, —, Harris Organizations: CNN, Israeli, Hamas, West Bank, Hezbollah, Democratic Locations: Israel, retaliating, Iran, Lebanon, “ Iran, Gaza, United States, Isfahan

☆ Ukraine: Russians capture strategic town of Vuhledar in yet another blow for Kyiv
▼ + stars: | 2024-10-02 | by ( Clare Sebastian | ) edition.cnn.com time to read: +4 min

CNN —Russia has captured the key eastern Ukrainian town of Vuhledar, ending months of resistance and underscoring the scale of Kyiv’s challenge as it heads into its third wartime winter. While not a transport and logistics hub like Pokrovsk, Vuhledar was heavily fortified and viewed as a crucial bastion at the intersection of Ukraine’s eastern and southern fronts. Just like Avdiivka, another strategic eastern town which fell in February, Vuhledar is a victim, not of Russian strategic prowess, but brute force attrition. For two years Ukraine had put up a formidable defense there, as Russia tried and failed several times to take the town. “It’s painful, Vuhledar or rather those who settled there, drank a lot of blood,” he said.

Persons: Vladimir Putin, Zelensky, Joe Biden, Vuhledar, Boris Rozhin, ”, Voenkor Kotenok, “, Stanislav Buniatov Organizations: CNN, Kremlin, NATO, ABC, International Energy Agency Locations: Russia, Ukrainian, Vuhledar, Pokrovsk, Russian, Donetsk, Ukraine, Kyiv, Kursk, Kharkiv, It’s

☆ European markets slightly higher as investors look beyond Middle East tensions
▼ + stars: | 2024-10-02 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

LONDON — European stocks were slightly higher Wednesday as investors attempted to look beyond escalating tensions in the Middle East and await fresh employment data out of the region. The pan-European Stoxx 600 was up 0.35% in opening trade, with the majority of sectors and major bourses moving in the green. Oil and gas stocks added 2.42% on the prospect of supply disruptions in the Middle East, while travel and leisure stocks dipped 0.25% as airlines diverted flights out of the region. Meantime, shares of British sports retailer JD Sports fell 3.5% even as the company reported expectation-beating revenues and profits for the first half. The attack came on the heels of Israel's deployment of ground forces into south Lebanon, escalating its offensive on Hezbollah, the Iran-backed militant group.

Persons: Hassan Nasrallah Organizations: Saab, BAE Systems, Thales, Rheinmetall, JD Sports, Nike, Nasdaq, Hezbollah Locations: Iran, Israel, Iranian, Lebanon

Tim Walz take the stage in New York City for Tuesday night’s vice presidential debate, it will be their first in-person meeting. Given that Trump hasn’t agreed to a second showdown with Harris, Vance vs. Walz could very well be the last debate before Election Day. With all that in mind, here are a few things to watch for as Vance and Walz face off in New York:Does Walz win the expectations game? “I can’t wait to debate the guy,” Walz said, before he alluded to a vulgar false claim made about Vance online. Rep. Tom Emmer, R-Minn., who played Walz in Vance’s debate prep, has compared his state’s governor to the liberal governor of California.

Persons: Sen, JD Vance, Tim Walz, Vance, Walz, Kamala Harris, Donald Trump, Harris, Sarah Palin, ” Walz, he’s, “, ” “, “ Walz, ” Jason Miller, He’s, He’ll, ” Vance, Tim Ryan, Usha, Vance bemoaned, ” Usha Vance, Both Walz, “ He’s, ” Miller, —, Vance isn’t, Trump, Tom Emmer, ” Emmer, Gavin Newsom, won’t Organizations: Minnesota Gov, CBS News, Trump, NBC News, Alaska Gov, Yale Law, MSNBC, United, Democratic, Senate, White House, CNN Locations: R, Ohio, New York City, Trump, New York, Philadelphia, United States, Springfield , Ohio, American, California, Minnesota

☆ Patagonia lays off staff and launches a 'business transformation' to set it up for the next 50 years
▼ + stars: | 2024-10-01 | by ( Polly Thompson | ) www.businessinsider.com time to read: +7 min

Patagonia laid off 41 members of staff on Monday as part of a major business transformation. AdvertisementPatagonia laid off 41 members of staff on Monday and announced a major business transformation aimed at preparing the company for the next 50 years. The CEO told staff that the layoffs were "a sad and difficult decision" but were part of the company's transformation for the "next chapter." New roles are being created, some are being eliminated and many are evolving," Gellert told staff in the internal email. Gellert told staff to expect more details over the coming days, weeks, and months.

Persons: Ryan Gellert, —, Gellert, Diego Donamaria, Yvon Chouinard, Chouinard, Campbell Brewer, Vincent Stanley, Stanley Organizations: Service, BI, Walmart Locations: Patagonia, Ventura, Reno

☆ U.S. crude oil drifts lower, trades below $68 per barrel despite war in Lebanon
▼ + stars: | 2024-10-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil prices drifted lower Tuesday as the risk of rising supply from OPEC+ overshadows a dramatic escalation of the war in the Middle East. Israel has dispatched ground forces into southern Lebanon after pounding the Iran-backed militia Hezbollah with airstrikes for days, eliminating much of the group's leadership. For now, traders remain focused on weak demand in China and the prospect of OPEC+ producing more oil starting in December, Croft said. Here are Tuesday's energy prices at 8:43 am ET:OPEC leader Saudi Arabia might be prepared to allow more oil back onto the market to pressure members such as Iraq with lower oil prices, said Bob McNally, president of Rapidan Energy. Saudi has become increasingly frustrated with Iraq producing more crude than then their production targets, McNally said.

Persons: we've, Helima Croft, CNBC's, Croft, Bob McNally, McNally Organizations: RBC Capital Markets, Rapidan Energy, Saudi Locations: East, Israel, Lebanon, Iran, China, Saudi Arabia, Iraq

☆ Even Xi Jinping admits China has a painful road ahead despite his new stimulus
▼ + stars: | 2024-10-01 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Amid hopes that China's economy is roaring to life again, even Xi Jinping is looking cautious. In his first major speech since the stimulus, Xi warned of "storms" ahead and the need to prepare for "rainy days." While he portrayed China as resolute, Xi also tempered the idea that the country was on a sure road to victory. AdvertisementChina's surprise stimulus triggered a massive rally in its equities last week, but even its leader, Xi Jinping, isn't celebrating yet. In his first remarks about the nation's condition since the stimulus announcement, Xi warned of "violent storms" ahead and urged China to prepare for hardship while portraying it as determined to succeed.

Persons: Xi, —, Xi Jinping, China's, That's Organizations: Service, of, Barclays Locations: China, Beijing, People's Republic of China, Taiwan, China's

☆ NATO's new chief is inheriting messy wars and a possible second Trump presidency. It's not going to be easy, security analysts say.
▼ + stars: | 2024-10-01 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +10 min

And then, with the US presidential elections now less than five weeks away, there is the prospect of a second Donald Trump presidency. AdvertisementMark Rutte earned the nickname "Trump whisperer" after placating the former president on US commitments to NATO. According to Prakash, Rutte is "coming into the role from a certain outlook, and that outlook is essentially saying: 'We need to stand with America.'" NATO's deputy secretary-general, Mircea Geoană, told Euronews in July that China, as a direct enabler of Russia's war in Ukraine, threatened the alliance's security. AdvertisementShifting NATO away from Russia and toward other threats is going to be "perhaps the greatest challenge facing Mark Rutte," Prakash said.

Persons: Mark Rutte, Jens Stoltenberg, —, Abishur Prakash, Prakash, Stoltenberg, John Hardie, Donald Trump, Rutte, Hardie, Volodymyr Zelenskyy, Mitch McConnell, Chuck Schumer, Scott Applewhite, ATACMS, Josep Borrell, Joe Biden, Ramiz Dallah, Israel ramped, Israel, Benjamin Friedman, Keir Giles, Trump, Brandon Bell, Giles, Friedman, Kamala Harris, Harris, Chip Somodevilla, NATO's, Mircea Geoană, Euronews Organizations: Service, NATO, Inc, Russia, Foundation for Defense of Democracies, Trump, AP, Pentagon, Russian, Republicans, Hamas, Getty, Defense, Chatham House's, NATO's, Europe NATO, Ukraine Defense Contact, Assistance, Training, Kyiv, Dutch, NRC, America Locations: Ukraine, escalations, Russia, Netherlands, Gaza, Toronto, Denmark, Sweden, Czech Republic, Finland, Israel, Lebanon, Anadolu, Europe, Chatham House's Russia, Eurasia, Savannah , Georgia, South China, Philippines, China

☆ Russia proposes record defense spending as it pursues victory in Ukraine
▼ + stars: | 2024-09-30 | by ( Story The Associated Press | ) edition.cnn.com time to read: +4 min

The government’s draft budget released Monday proposes spending just under 13.5 trillion rubles (over $145 billion) on national defense. The Ukraine war is Europe’s biggest conflict since World War II and has drained the resources of both sides, with Ukraine getting billions of dollars in help from its Western allies. Russian President Vladimir Putin is also looking at how to sustain his war effort as military spending has placed a huge strain on the Russian economy. Ukraine, too, has developed a new generation of drones for the battlefield and for long-range strikes deep inside Russia. More than 100 Ukrainian drones were shot down over Russia on Sunday, Russian officials said.

Persons: Volodymyr Zelensky, Vladimir Putin, Monday Putin, Vitalii Kim, Putin, ” Putin, ” Organizations: State Duma, Federation Council, Monday, West Locations: Russian, Moscow, Ukraine, United States, State, Russia, Ukrainian, Kyiv, Mykolaiv, “, Donetsk, Luhansk, Kherson, Zaporizhzhia, Crimea

☆ EchoStar to sell Dish to DirecTV, combining major pay-TV providers
▼ + stars: | 2024-09-30 | by ( Kristian Burt | In | ) www.cnbc.com time to read: +3 min

EchoStar is selling its Dish TV provider and digital business Sling to rival DirecTV in a deal announced Monday that brings together two of the largest pay-TV providers. Combined, DirecTV and Dish will serve close to 20 million customers, according to Reuters. The content distribution industry as a whole has been on a major decline, Akhavan said, and distribution companies such as Dish and DirecTV have fallen behind other platforms with newer technologies and wider reach. Also on Monday, AT&T announced it would sell its entire 70% stake in DirecTV to private equity firm TPG for $7.9 billion. The possibility of a merger between Dish and DirecTV has been rumored for decades.

Persons: Hamid Akhavan, CNBC's, Akhavan, EchoStar, — CNBC's Lillian Rizzo, Alex Sherman Organizations: DirecTV, Dish, Reuters, T, TPG, General Motors, Hughes Electronics, Federal Communications Commission, Rupert Murdoch's News Corporation

Search resuls for: "prospect"

25 mentions found