ibt-mailAug 23, 2024, 10:33 AM

Democrats Place Their Faith In Harris To Dump Trump

Newsletter Aug 23, 2024 Quick Six Harris' acceptance speech brings down the house at DNC Kamala Harris delivered the biggest speech of her political life on Thursday as she accepted the Democratic

Newsletter Aug 23, 2024

Quick Six

Harris' acceptance speech brings down the house at DNC
Kamala Harris delivered the biggest speech of her political life on Thursday as she accepted the Democratic presidential nomination in Chicago after a historic turnaround in the 2024 White House race. The 59-year-old vice president has electrified her party in the space of a single month since President Joe Biden dropped out of the contest. Harris told her personal story to the American people, using her televised address to the Democratic National Convention to contrast her optimism with GOP rival Donald Trump.
'YES SHE CAN': WHY DEMS PLACE THEIR FAITH IN HARRIS

Fed appears on target to start interest rate cuts in September
The Federal Reserve appears poised to introduce an interest rate cut in September, according to the minutes from the central bank's July 30-31 meeting. A "vast majority" of Fed officials indicated that a reduction in borrowing costs is likely. The Federal Open Market Committee (FOMC) decided to keep the benchmark interest rate steady in the 5.25%-5.50% range at the July meeting.
WHY SOME ANALYSTS EXPECT A CUT OF AS MUCH AS 1%

US existing home sales edge up, snapping four-month slide
Sales of previously owned homes in the US edged up in July, data showed Thursday, breaking a four-month trend of slides. Home-buyers have been grappling with a surge in mortgage rates after the US central bank rapidly lifted the benchmark lending rate in 2022. But the popular 30-year fixed-rate mortgage finally ticked down slightly in late July, potentially offering some relief to buyers.
WHY HOME SALES MAY SURGE WHEN FED LOWERS RATES

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Markets

DJIA	40,712.78	-0.43%
S&P 500	5,570.64	-0.89%
Nasdaq Composite	17,619.35	-1.67%
Japan: Nikkei 225	38,211.01	0.68%
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Gold Futures	2,520.60	-1.06%
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* As of market close

Climate battle requires comprehensive plan

A major new study published Thursday on the effectiveness of climate measures such as taxes or subsidies in reducing greenhouse gases has found stand-alone measures fail to make a big difference. Published in the journal Science, the study examined 25 years of public policies in 41 countries across six continents. It concluded that out of the 1,500 policies analyzed in sectors including energy, transport and construction, "only 63 cases of successful climate policies, each leading to average emission reductions of 19 percent, were identified."

COMBATING CLIMATE CHANGE WILL REQUIRE MAJOR EFFORT

Venezuela's high court sides with Maduro

Venezuela's Supreme Court, which observers say is loyal to the government of President Nicolas Maduro, on Thursday declared him the winner of the disputed July 28 election amid opposition claims of widespread vote fraud. In its ruling, the court said it had "indisputably certified election materials and validates the results," naming Maduro as the winner. Maduro asked the court earlier this month to weigh in on the election, in which he claims he beat Edmundo Gonzalez Urrutia.

HOW VENEZUELA IS AT A CRITICAL MOMENT IN ITS HISTORY

Chick-fil-A tests new automated concept

Atlanta-based fast food chain Chick-fil-A has opened a test concept restaurant that is drive-thru only with a kitchen above the lanes and a sophisticated conveyor belt system to move the food to a person serving customers on the ground level. Chick-fil-A said the location was designed to increase speed-of-service and simplify the drive-thru lane. The kitchen is two times larger than a typical Chick-fil-A's and the food conveyor system allows for a meal to be delivered every six seconds.

'MY PLEASURE': HOW CHICK-FIL-A PLANS TO UTILIZE HUMANS

Extra point

A USA Today poll ranked Chick-fil-A America's top fast-food restaurant for a decade, until it was replaced last month by what popular chain?

Thursday's answer: Mindcraft is the No. 1 selling video game of all-time, with more than 300 million copies sold or downloaded globally.

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