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Loud US election barges into quiet Amish country
World News

Loud US election barges into quiet Amish country

A horse carriage at sunset, in Lancaster County, Pennsylvania, on 17 October. There are about 80,000 Amish in Pennsylvania - and the Democrats won the state by about that amount in 2020. Photo: APF/ Paul Nolp The Amish people of Lancaster, Pennsylvania, are a throwback to another era, with their quiet farm life, horse-drawn carriages and rejection of modern technology. But the Donald Trump signs outside some of their farms serve as stark reminders that they live in today's turbulent world - and that 5 November is Election Day for them, too, even if most won't vote. Christian faith, not politics, is what drives the Amish, who trace their roots to Switzerland, Germany and elsewhere in Europe and started arriving in Pennsylvania in the 18th century. They live on the margins of contemporary...
Here’s what 10 ECB members said this week on inflation, jumbo cuts
Business

Here’s what 10 ECB members said this week on inflation, jumbo cuts

After the European Central Bank cut interest rates for the third time this year — and inflation fell below target — all eyes are now on policymakers' next move.A slew of Governing Council members spoke to CNBC's Karen Tso at the International Monetary Fund's annual meeting in Washington, D.C. this week. We asked them about the inflation outlook, the chances of a jumbo 50-basis-point interest cut in December, and more.Mārtiņš Kazāks, Bank of LatviaOn a 50-basis-point rate cut: "Well, everything should be on the table, you know, given what the data tells us. But we will have that discussion in December, and we will have the discussion then early next year, and from meeting to meeting ... With us approaching the 2% target, and with the economy being quite weak for the rates, the way is down a...
Ten police killed in militant attack in Pakistan
World News

Ten police killed in militant attack in Pakistan

A Pakistani Frontier Police constable on guard (file photo). Islamist militants have reportedly killed Pakistani frontier police in an attack near Dera Ismail Khan. Photo: AFP/ Banaras Khan At least 10 Pakistani frontier police have been killed in a militant attack on an outpost near the northwestern city of Dera Ismail Khan, police sources say. Thursday's attack, claimed by Islamist militant group Tehreek-e-Taliban Pakistan (TTP), comes as Pakistan battles a resurgence of militant attacks in its rugged northwest, as well as a growing ethnic separatist insurgency in the south. Three senior police sources confirmed the attack, saying a large group of militants stormed the outpost, killing members of the frontier constabulary security force. The sources spoke on condition of anonymity, as...
French trader bet $28 million on Trump win with 4 Polymarket accounts
Business

French trader bet $28 million on Trump win with 4 Polymarket accounts

Vice President and Democratic presidential candidate Kamala Harris speaks at a campaign event at the Erie Insurance Arena in Erie, Pennsylvania, on October 14, 2024. Dustin Franz | Afp | Getty ImagesA stark shift toward former President Donald Trump on the political gambling platform Polymarket this month stoked scrutiny about four accounts that have collectively spent over $28 million betting on the Republican nominee to win the 2024 presidential election.Polymarket on Thursday confirmed what a number of experts have suspected: All four accounts are controlled by a single trader.A company spokesperson in a statement to CNBC described the whale as a French national with "extensive trading experience and a financial services background."The statement said the trader's accounts were funded f...
Trump says he’d fire Special Counsel Jack Smith if elected president
World News

Trump says he’d fire Special Counsel Jack Smith if elected president

By Steve Holland, Reuters Republican presidential candidate Donald Trump doesn't think impeachment charges would be filed if he fired Jack Smith. Photo: AFP / JIM WATSON Republican presidential candidate Donald Trump said that if elected he would fire the federal prosecutor leading the criminal probes into his attempts to overturn his 2020 election defeat and alleged mishandling of classified documents after leaving office. Former president Trump, asked during an interview whether he would pardon himself or fire Special Counsel Jack Smith, said: "It's so easy. I would fire him within two seconds." US Attorney General Merrick Garland in November 2022 appointed Smith to the special counsel role, one meant to give him independence in leading the politically charged investigations into T...
CNBC’s Inside India newsletter: Hyundai Motor India
Business

CNBC’s Inside India newsletter: Hyundai Motor India

MUMBAI, MAHARASHTRA, INDIA - 2024/10/21: Hyundai logo is seen on the Hyundai car showroom in Mumbai. Hyundai Initial Public Offer (IPO) will be listed on the stock exchange on 22nd October 2024. (Photo by Ashish Vaishnav/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesThis report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.The big storyShares of carmaker Hyundai's Indian subsidiary started trading this week with much anticipation, only to drop by some 7% on its debut.The stock has pared back losses since, but is still 5% below its initial public offering price.The Korean...
Vladimir Putin does not deny reports about North Korea troops
World News

Vladimir Putin does not deny reports about North Korea troops

Vladimir Putin Photo: ALEXANDER KAZAKOV / AFP Putin says mutual defence clause is Russia's business Putin says the West escalated the Ukraine war Putin says any deal to end war must reflect reality on ground President Vladimir Putin did not deny US claims that North Korea had sent troops to Russia but said it is up to Moscow how to run its mutual defence clause with Pyongyang and accused the West of escalating the Ukraine war. The United States said that it had seen evidence that North Korea has sent 3000 troops to Russia for possible deployment in Ukraine, a move that the West is casting as a significant escalation of the Ukraine war. Asked by a reporter about satellite imagery showing North Korean troop movements, Putin said: "Images are a serious thing. If there are images, the...
U.S. will be ‘more pro-crypto’ after election, no matter who wins: Ripple CEO
Business

U.S. will be ‘more pro-crypto’ after election, no matter who wins: Ripple CEO

Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. Mike Blake | ReutersRipple Labs CEO Brad Garlinghouse has been skeptical of crypto regulation in the U.S., but he is feeling highly optimistic about the post-election environment around the corner."This is the most important election we've had, but I also believe no matter what happens, we're going to have a more pro-crypto, more pro-innovation Congress than we've ever had," he said in a Wednesday conversation with CNBC at DC Fintech Week.Ripple, a veteran company in crypto known in part for its close association with the XRP token, operates a global payments business with banks and financial institutions as its main customers. About 95% of its business t...
Prosecutor seeks new sentence for Menendez brothers over murder of parents, report
World News

Prosecutor seeks new sentence for Menendez brothers over murder of parents, report

Erik and Lyle Menendez have spent 34 years in prison. Photo: AFP / VINCE BUCCI A Los Angeles prosecutor said he is asking the court to resentence Erik and Lyle Menendez after they have spent 34 years in prison for the shotgun murder of their parents, the Associated Press reported, after new evidence emerged indicating they were sexually abused by their father for years. Los Angeles county district attorney George Gascon was due to announced his decision at a press conference on Friday. The AP, citing an official with knowledge of the decision, said Gascon would recommend to a judge that the brothers be resentenced. They are both serving life in prison without parole for the 1989 murders. The Menendez brothers, now 56 and 53, were convicted after the second of two highly publicised trial...
Mattel, Hasbro lower guidance ahead of holiday season
Business

Mattel, Hasbro lower guidance ahead of holiday season

Shoppers at a Walmart store on Black Friday in Secaucus, New Jersey, on Nov. 24, 2023.Victor J. Blue | Bloomberg | Getty ImagesMattel and Hasbro decreased their end-of-year guidance ahead of the key holiday season as toy sales continue to slide during the third quarter.Earnings per share for both toy giants beat out Wall Street expectations while revenue missed, according to consensus estimates compiled by LSEG.But mixed results for both companies' third quarters were reflected in the updated year-end guidance for 2024.Mattel said it expects sales for the last three months of the year to be "comparable to slightly down" from its prior guidance update. Hasbro, meanwhile, lowered its expected revenue guidance. It now expects revenue to decline between 12% and 14% for consumer products, down ...