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Australian Prime Minister Anthony Albanese buys $4.7 million property
15Oct By No Comments
World News

Australian Prime Minister Anthony Albanese buys $4.7 million property

By Maani Truu, ABC News Anthony Albanese. Photo: RNZ / Samuel Rillstone Australian Prime Minister Anthony Albanese is in the process of buying a AUD$4.3 million (NZD$4.7m) cliff-top home on the New South Wales Central Coast, where his fiancee's family is from. The Copacabana property is touted as being "clifftop perfection" with "uninterrupted ocean views from all levels", according to 2GB presenter Ben Fordham, who first reported the story on Tuesday. A real estate listing describes the home as "a premiere location to enjoy sun, whale watching or spectacular sunsets year-round". The four-bedroom, three-bathroom home was sold in September for an undisclosed price, according to Domain. The listing details "timber-lined cathedral ceilings", a "master suite with walk-through ensuite", a...
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Why a ‘no landing’ scenario may take place after all
15Oct By Aditi PawarNo Comments
Business

Why a ‘no landing’ scenario may take place after all

The U.S. economy may not experience a "soft landing" after all. A soft landing occurs when economic growth slows just enough to bring down inflation below the Federal Reserve's 2% target without tipping the economy into a recession. Many on the Street expect this to be the case, as the central bank starts to lower interest rates. BNY Wealth's Alicia Levine has a more optimistic view. She thinks the economy is experiencing a no-landing scenario as it continues to expand without slowing down. "So far, clearly bank earnings are coming in better than expected, both top line and bottom line. Net interest income is better than expected. So, that is a good signal for the economy," the firm's head of investment strategy and equities told CNBC's " Squawk Box " on Tuesday. "The other thing that that...
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China’s new panda diplomats touch down in DC
15Oct By No Comments
World News

China’s new panda diplomats touch down in DC

By Necter Gan, CNN Bao Li in his habitat at Shenshuping Base in Wolong, China in 2024. (File Photo) Photo: AFP - Roshan Patel / Smithsonian's National Zoo and Conservation Biology Institute. Two giant pandas from China landed in Washington, marking the first time the US capital has welcomed a new set of furry diplomats from Beijing in 24 years. The FedEx cargo plane dubbed "Panda Express", carrying Bao Li and Qing Bao, both 3 years old, landed at Washington Dulles Airport at 9.53am Tuesday. Amid tight security and heavy media coverage, two large metal boxes with the precious cargo were carefully lowered from the belly of the jet on a scissor lift and ferried to the terminal. From there, the two pandas were trucked to the Smithsonian's National Zoo, where they will remain on loan for ...
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What to expect from ‘Mag 7’ in third-quarter earnings
15Oct By Aditi PawarNo Comments
Business

What to expect from ‘Mag 7’ in third-quarter earnings

As earnings season kicks into high gear, investors are keeping an especially close eye on the Magnificent Seven 's quarterly results. The group of mega-cap tech names — Apple , Microsoft , Alphabet , Nvidia , Tesla , Meta Platforms and Amazon — has been the powerhouse of the two-year bull market rally. The Roundhill Magnificent Seven ETF , for example, which tries to replicate their performance, is up about 42% this year versus 22% for the S & P 500. But the stocks have lately come under pressure as Wall Street questions if they have more room to run. The CNBC Magnificent 7 Index — which peaked more than three months ago, in early July — fell sharply during the early August selloff and is down 1.3% in October while the broader market has inched higher by more than 1%. Here's what analy...
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Harris mocks Trump after rally turns into bizarre dance-a-thon
15Oct By No Comments
World News

Harris mocks Trump after rally turns into bizarre dance-a-thon

By Sebastian Smith, AFP Former US president and Republican presidential candidate Donald Trump speaks during a town hall at the Greater Philadelphia Expo Center and Fairgrounds in Oaks, Pennsylvania, on 14 October 2024. Photo: AFP / JIM WATSON Kamala Harris has questioned Donald Trump's mental state after the 78-year-old Republican's latest televised town hall veered into a surreal, impromptu music session. "Hope he's okay," the Democratic candidate posted on X. Harris' campaign, which has begun to aggressively challenge Trump on his health and mental stability, said that during the late Monday event he appeared "lost, confused, and frozen on stage". Former president Trump defended the event in the critical swing state of Pennsylvania, saying it was "so different". "It was amazing! T...
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Walgreens (WBA) earnings Q4 2024
15Oct By Aditi PawarNo Comments
Business

Walgreens (WBA) earnings Q4 2024

A sign sits in front of a Walgreens store on November 10, 2023 in Wheeling, Illinois. Scott Olson | Getty ImagesWalgreens on Tuesday reported fiscal fourth-quarter sales and adjusted profit that beat Wall Street's expectations, as the company slashes costs in an attempt to steer itself out of a rough spot.The retail drugstore chain also said it plans to close roughly 1,200 stores over the next three years, which includes 500 in fiscal 2025 alone. The company said those closures will be "immediately accretive" to its adjusted earnings and free cash flow.Walgreens has around 8,700 locations in the U.S., a quarter of which it says are unprofitable. Those closures will give Walgreens a "healthier store base" and "will enable us to respond to shifts in consumer behavior and buying preferences,"...
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Canada-India tensions: What’s happened and how did we get here?
15Oct By Aditi PawarNo Comments
Politics

Canada-India tensions: What’s happened and how did we get here?

A diplomatic row between Canada and India is back in the spotlight amid mounting foreign interference concerns and continued investigations of the 2023 killing of a Sikh separatist leader in British Columbia. In tit-for-tat moves, both countries expelled each others’ diplomats on Monday. Ottawa said it was expelling six Indian diplomats and consular officials “in relation to a targeted campaign against Canadian citizens by agents linked to the government of India.”The government acted “to disrupt the chain of operations that go from Indian diplomats here in Canada to criminal organizations, to direct violent impacts on Canadians right across this country,” Prime Minister Justin Trudeau said.Global News has learned agents working out of India’s high commission in Ottawa and consulates in Va...
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Boeing to raise as much as $25 billion to shore up balance sheet
15Oct By Aditi PawarNo Comments
Business

Boeing to raise as much as $25 billion to shore up balance sheet

Boeing said Tuesday that it could raise as much as $25 billion in shares or debt over three years, a move to increase liquidity as the troubled manufacturer faces a more than monthlong machinist strike and problems throughout its aircraft programs."This universal shelf registration provides flexibility for the company to seek a variety of capital options as needed to support the company's balance sheet over a three year period," Boeing said in a statement.Earlier, Boeing separately said in a filing that it has an agreement with a consortium of banks for a $10 billion credit agreement."The credit facility provides additional short term access to liquidity as we navigate through a challenging environment," the company said in a statement. "The company has not drawn on this facility or its ex...
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Look beyond lumps for breast cancer symptoms, urge doctors
15Oct By No Comments
Health

Look beyond lumps for breast cancer symptoms, urge doctors

While the most common presentation in breast cancer is a lump in the breast, it can occur even without any noticeable symptoms, said doctors on Tuesday while urging for self-examination and screening. October is celebrated as breast cancer awareness month. Breast cancer is the most common cancer among women in India. With a high mortality rate, it is a major public health concern in the country. As per a recent ICMR study, breast cancer cases and deaths are expected to rise in India by 2045. However, the key is to detect the cancer in its early stages to help boost treatment outcomes as well as survival rates, said the experts. “Although most common presentation in breast cancer is lump in the breast, it can also present as swelling or lumps under the arm or near the collarbone, nippl...
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Kamala Harris aims to shore up support among Black men
15Oct By No Comments
World News

Kamala Harris aims to shore up support among Black men

By Trevor Hunnicutt, Reuters Photo: AFP / SAUL LOEB US Democratic presidential candidate Kamala Harris campaigns in Detroit, aiming to shore up support among Black men by capping the trip to the crucial 2024 election state of Michigan by appearing with radio host Charlamagne tha God. Charlamagne, a Black comedian and author who hosts radio program "The Breakfast Club," is known for his blunt interviews of celebrities. A Harris supporter, he has been critical of her and President Joe Biden in the past and called Democrats "cowards" for ineffectively prosecuting a case against Republican presidential candidate Donald Trump. His interview with Harris will be broadcast by iHeartRadio at 5pm Eastern time (10am NZT). On Wednesday, Harris will be interviewed on Fox News, the conservative-l...
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