ibt-mailNov 1, 2024, 9:49 AM

Elon Musk No-shows For Court Hearing Over $1M Giveaways

Newsletter Nov 1, 2024 Quick Six Elon Musk no-shows for court hearing over $1M giveaways Elon Musk dodged a Philadelphia court hearing on Thursday after asking to move a lawsuit seeking to halt his $1

Newsletter Nov 1, 2024

Quick Six

Elon Musk no-shows for court hearing over $1M giveaways
Elon Musk dodged a Philadelphia court hearing on Thursday after asking to move a lawsuit seeking to halt his $1 million giveaways to registered US voters from state to federal court. The billionaire had been ordered by a Pennsylvania judge to attend the hearing, but his lawyers filed a motion arguing that the case should instead be heard in a US District Court. The move came days after the DOJ warned Musk and America PAC that the stunt may violate federal law, which prohibits paying people to register to vote.
FIVE WAYS THAT MUSK'S MILLIONS ARE HELPING TRUMP

Federal Reserve's favored inflation gauge nears 2% target
The Federal Reserve's preferred inflation measure cooled further last month to just above its long-term target of 2%, according to Thursday's government data, before the Nov. 5 election. The personal consumption expenditures (PCE) price index eased to 2.1% in the 12 months to September, down from 2.3% in August, keeping the Fed on track to hit its long-term target of 2%.
WHAT THE LATEST NUMBERS SAY ABOUT A SOFT LANDING

Walmart using AI to help customers with their shopping lists
Walmart customers who have made their Christmas list and are checking it twice can get some help making gift decisions with AI. The retail giant said it will use AI and generative AI to help make personalized shopping suggestions, delivery and refunds this holiday season. When shoppers go on Walmart.com, AI and GenAI will predict the types of products they'd like to view.
SEE HOW WALMART'S AI SHOPPING ASSISTANT WORKS

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DJIA	41,763.46	-0.90%
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Japan: Nikkei 225	38,180.86	-2.30%
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* As of market close

Walz slams Trump over garbage truck gag

Vice presidential candidate Tim Walz did not miss the opportunity to poke fun Donald Trump while speaking to swing voters in Pennsylvania on Thursday. During a campaign stop, Walz mocked Trump's age and his recent photoshoot in which he donned an orange safety vest and posed with a garbage truck. The photo op was in response to recent comments by President Joe Biden and a comedian at Trump's New York City rally. Walz said Trump was "struggling physically" to lift himself onto a garbage truck. "This dude's nearly 80 years old," Walz joked. "He damn near killed himself getting into a garbage truck."

HARRIS HITS TRUMP OVER 'PROTECTING WOMEN' COMMENT

US sets annual record for passports, visas

The United States issued a record number of passports and visas in fiscal year 2024, Secretary of State Antony Blinken and Commerce Secretary Gina Raimondo announced. Blinken said 24.5 million passports, which he called "that little blue book that's their ticket to the world," were issued in fiscal year 2024 which ended on Sept. 30 -- a half-million more than the year before. The U.S. also issued 11.5 million visas during that period, "breaking all previous records," he said. Of those, 8.5 million were visitor visas, a 10% rise over the previous year.

SEE WHY THE RECORD HIGH IS GOOD NEWS FOR TRAVELERS

Starbucks CEO sets 'four-minute or less' rule

It shouldn't take more than four minutes for customers to get a cup of coffee, according to Starbucks' new boss. Brian Niccol is wasting no time applying sweeping measures to revive the coffee giant's North American market. He's implementing a bold "four-minute or less" service goal, promising that customer orders will be ready quickly. Niccol said the measure's purpose is to address Starbucks' declining sales while eliminating bottlenecks in the operations process.

SEE THE OTHER GOALS BEING SET BY NEW STARBUCKS CEO

Extra point

What famous novel served as the inspiration for the name "Starbucks"?

Thursday's answer: The US auto industry led the push to pass local jaywalking laws in the 1920s when cars were first taking to the streets.

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