Author: News Room

The window for a final 2024 presidential debate between former President Donald Trump and Vice President Kamala Harris is closing. CNN has publicly offered to host a debate in Atlanta on October 23. Harris has accepted the invitation and welcomed the chance to debate Trump again, but Trump has rejected her calls. On Tuesday, CNN stepped up the pressure by writing to both campaigns and setting a Thursday deadline for a formal response. Debates, after all, can’t be produced overnight; the events take time to organize. “CNN sent invitations on September 21 to both Vice President Harris and former President Trump’s campaigns to participate in…

Shares of Trump Media surged nearly 19% on Tuesday, putting the Truth Social operator on track for its fourth straight day of gains — its longest positive price streak since June.DJT shares at one point jumped to $22 in extremely heavy trading, nearly 90% higher than the company’s intraday low of $11.75 per share on Sept. 24. Trump Media ended the trading day up 18.5% at $21.80 per share.But the stock price remains well below its peak in late March, when shares hit $79.38 during the company’s trading debut on the Nasdaq.More than 45 million DJT shares were exchanged Tuesday,…

The Federal Aviation Administration may issue SpaceX its next Starship license in time for a Sunday launch attempt, CNBC has learned.SpaceX and its CEO Elon Musk have been vocally critical of the FAA in recent weeks, urging the federal regulator to speed up its license review for Starship’s fifth test flight. As recently as last week, the FAA said it did not expect to issue the license before “late November.”Despite the ongoing review, SpaceX issued a statement Monday saying that the fifth Starship spaceflight “could launch as soon as October 13, pending regulatory approval.” The company did not indicate whether…

Washington D.C., Denver and Raleigh, North Carolina, are the real estate markets that are projected to see the most substantial changes as the Federal Reserve begins to lower borrowing rates.  According to a new Realtor.com report published Tuesday, markets with a high percentage of homeowners with a mortgage stand to see the most changes. In Washington and Denver, for instance, almost 75% of owner-occupied homes have a mortgage.  But the effect of lower mortgage rates will differ depending on mortgage usage and homeowners in these areas, according to the real estate firm.  FEDERAL RESERVE CUTS INTEREST RATES BY HALF-POINT; FIRST RATE…

By Kerri Fivecoat-Campbell, Next Avenue A friend with whom I had previously worked with instant-messaged me on Facebook a couple of years ago and asked, “Hey, have you applied for your pension?” We had worked together 35 years ago in the credit department of a major bank. I replied, “Pension? We get a pension?” She told me another friend with whom we worked had told her about it. She learned if we wanted to settle our pensions and take a lump sum, we could do so any time. If we wanted a monthly payment for life, we’d have to wait…

Vice President Kamala Harris’ campaign is launching a new digital ad campaign featuring two former Donald Trump administration officials criticizing the former president’s handling of natural disasters while in office. The ad, titled “Withhold” and obtained first by CNN, is a response to Trump’s recent attacks on the federal response to Hurricane Helene, including his false claims that Harris spent “all her FEMA money” on housing “illegal migrants” and unsubstantiated claims that the Biden administration and Democratic leaders abandoned certain Republican communities in North Carolina out of partisan bias. The new ad comes as Hurricane Milton, a Category 5, is set to make landfall…

Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseHurricane Milton strengthened to a category five storm as it moved across the Gulf of Mexico on Monday, with US agencies warning of a possible life-threatening storm surge on the west coast of Florida and northern coast of the Yucatán Peninsula in Mexico.The US National Hurricane Center upgraded the storm to the highest level on the Saffir-Simpson wind scale on Monday, saying its wind speed was as high as 180 miles per hour.Milton is due to make landfall in…

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CBS News executives said Monday that a heated morning show interview with acclaimed author Ta-Nehisi Coates, during which his new book was compared to “extremist” writings, did not meet the network’s editorial standards. CBS executives told staffers during a daily editorial meeting that the contentious “CBS Mornings” interview last week with Coates, led by co-anchor Tony Dokoupil, had been addressed with Dokoupil. The assessment pacified some employees who had objected to Dokoupil’s tone during the segment with Coates. But it offended other employees who thought Dokoupil’s interview was appropriately tough. “We have an obligation as journalists to challenge controversial guests, and that’s what Tony did,”…

A couple of analyst downgrades are making the rounds Monday on megacap stocks that rarely see ratings cuts: Apple and Amazon. They highlight both a problem and an opportunity for regular investors. At Jefferies, analysts downgraded Apple to a hold but increased the price target to $213 apiece from $205. Meanwhile, analysts at Wells Fargo downgraded Amazon to equal weight (hold) and cut their price target to $183 from $225. The issue with both calls is that they’re aimed at short-term traders and hedge funds, not longer-term investors. Neither report calls into question the underlying fundamentals of these businesses or…