Writing the summary…
10-year Treasury yield rises to fresh 2002 high to start the week
Source: CNBC
Original reporting
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CNBC
Nvidia looks to take out its record high close — plus, don't worry about Intel's dip
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
CNBC
Fairshake crypto PAC network backs 32 House candidates in midterms
The CLARITY Act failed in the Senate, raising the stakes for which lawmakers return to Congress to shape crypto regulation after the midterm elections.
CNBC2 outlets
TNT Sports head Luis Silberwasser to depart Skydance as CBS Sports chief David Berson takes over combined global sports group
David Berson, the head of CBS Sports, will take over the broader sports operations of Skydance once it completes its acquisition of Warner Bros. Discovery., and that company’s top sports executive, Luis Silberwasser, will exit. I have tremendous respect for our leadership and for the leaders of CBS Sports, who are great colleagues and friends. […]
CNBC
These are the cheapest and most expensive U.S. flights this November
Holiday airplane tickets are up more than 23% this year, according to Hopper.
The Guardian2 outlets
Conservative plans to slash aid budget by 90% to ‘irreparably damage’ UK’s global credibility, charities say
Party’s pledge to reduce aid budget from £9bn a year to £1bn to fund new prison places branded as ‘posturing’ Conservative plans to slash the aid budget by 90% would leave the UK unable to cover existing contributions to the UN and World Bank, and “irreparably damage” Britain’s global credibility, several organisations and charities have told the Guardian. In a series of announcements at the Tory party conference in Birmingham, Kemi Badenoch said that as prime minister she would reduce the aid budget from £9bn a year to £1bn, to part-fund 50,000 new prison places in England and Wales. The culture budget would also be slashed by £1bn a year to fund the plans. Continue reading...
The Guardian
US supreme court hears big oil’s bid to block climate damage lawsuits
How court will lean is unclear amid Suncor Energy and ExxonMobil’s attempt to stop lawsuits at state level The US supreme court began its new nine-month term hearing arguments on Monday in a major case in which big oil companies attempted to strike a fatal blow against lawsuits that seek to hold them accountable for the climate crisis . After the hearing, while it was not yet clear which way the justices were leaning, the high stakes were underlined. Continue reading...