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This Week in Business: Consumer confidence, Apple earnings, October jobs report

Published Wed, 05 Mar 2025 19:51:31 GMT

Gauging consumers The Conference Board on Tuesday issues its consumer confidence report for October.Analysts expect that American consumers’ confidence fell for the third straight month under the weight of high interest rates, lingering inflation and geopolitical crises. Last month’s most troubling sign was the decline in the index measuring future expectations, which tumbled to 73.7. Readings below 80 for future expectations historically signal a recession within a year.Consumer confidence, by month:May: 102.5June: 110.1July: 114.0Aug.: 108.7Sept.: 103.0Oct. (est.): 100Source: FactSetApple resultsApple reports its fourth-quarter sales and profit figures on Thursday after markets close.Analysts expect Apple made $1.39 per share on sales of $89.3 billion. In the third quarter, Apple eked out a slightly higher profit, though sales dipped during the period. It was the third consecutive quarter of falling revenue for the Cupertino, California company, its longest stretch of ...

Opinión | Por qué Matthew Perry era mi favorito de “Friends”

Published Wed, 05 Mar 2025 19:51:31 GMT

Nota del editor: Dean Obeidallah, exabogado, es el presentador del programa diario de radio SiriusXM “The Dean Obeidallah Show”. Sígalo en Threads en http://www.threads.net/@deanobeidallah. Las opiniones expresadas en este comentario son suyas. Lee más artículos de opinión en CNNEE.(CNN) — Matthew Perry —quien murió el 28 de octubre de 2023 a los 54 años— era mi favorito de la serie “Friends”. Su personaje de Chandler Bing, que solía ser sarcástico y autocrítico, me conmovía profundamente.Chandler utilizaba la comedia como mecanismo de defensa para hacer frente a sus inseguridades e incomodidades con frases como “Hola, soy Chandler, hago bromas cuando me siento incómodo” y “No se me dan bien los consejos. ¿Puede interesarte con un comentario sarcástico?”.“Friends” —que coprotagonizaban Courteney Cox, Matt LeBlanc, David Schwimmer, Jennifer Aniston y Lisa Kudrow— fue más que un programa de televisión, fue un marcador c...

Una multitud irrumpe en un aeropuerto ruso al aterrizar un vuelo procedente de Tel Aviv y las tensiones mundiales se disparan por la guerra de Gaza

Published Wed, 05 Mar 2025 19:51:31 GMT

(CNN) — Una multitud enfurecida irrumpió este domingo en un aeropuerto de la región rusa de Daguestán, de mayoría musulmana, a la llegada de un vuelo procedente de Israel, obligando a las autoridades a cerrar las instalaciones y desviar vuelos.Los enfrentamientos causaron al menos 10 heridos, dos de ellos en estado crítico, según un comunicado del Ministerio de Sanidad de Daguestán difundido a última hora de este domingo.Según el medio estatal ruso TASS, “los congregados se oponen al conflicto palestino-israelí”.El aeropuerto de Makhachkala Uytash (MCX) fue cerrado temporalmente y los vuelos fueron desviados, según un comunicado de la Agencia Federal de Transporte Aéreo rusa, en el que se afirmaba que “desconocidos” habían irrumpido en las instalaciones.El vuelo de Red Wing Airlines procedente de Tel Aviv llegó este domingo a las 7:17 p.m. hora local, según Flight Aware, y fue rodeado rápidamente por manifestantes al aterrizar.Múltiples videos publicado...

Surge la tormenta tropical Pilar en el Pacífico este y amenaza con fuertes lluvias a Centroamérica

Published Wed, 05 Mar 2025 19:51:31 GMT

(CNN) — La depresión tropical Diecinueve-E se fortaleció hasta convertirse en la tormenta tropical Pilar, según la actualización de las 11 p.m. hora del este de EE.UU. del Centro Nacional de Huracanes (NHC). Pilar actualmente no es una amenaza para Acapulco ni para el resto del sur de México.La tormenta tropical Pilar tiene vientos de 64 km/h con ráfagas más fuertes y se encuentra a unos 426 kilómetros al suroeste de San Salvador, El Salvador, y se mueve de este a noreste a 8 km/h. La tormenta podría estar cerca de la costa de El Salvador este martes por la noche o la madrugada de este miércoles, aunque no se espera que toque tierra en este momento ya que se pronostica que el centro del sistema permanecerá mar adentro.Aunque Pilar no es una amenaza para Acapulco, que acaba de ser devastada por el huracán Otis la semana pasada, la tormenta podría traer fuertes lluvias y vientos a Centroamérica.Un comunicado del Centro Nacional de Agua de México (Conagua) informó que, tras la fo...

EU going cold on extra €20B Ukraine arms fund?

Published Wed, 05 Mar 2025 19:51:31 GMT

Presented by ASD By JOSHUA POSANER with LAURA KAYALI, CALEB LARSON, ANTOANETA ROUSSI, HANS VON DER BURCHARD, JACOPO BARIGAZZI and PAOLA TAMMA PRESENTED BY View in your browser or listen to audioSNEAK PEEK— EU leaders look unlikely to agree easily on a four-year €20 billion fund to help Ukraine keep sourcing arms and training its soldiers.— The Commission has opened a consultation on its long-promised European Defence Industrial Strategy.— Sweden has suggested cutting EU spending on space by €1 billion until 2027 in the name of budget savings.Good morning, and welcome to Morning Defense. Tips to [email protected], [email protected] and [email protected] or follow us at @joshposaner, @LauKaya and @calebmlarson.DRIVING THE DAYEXTRA €20 BILLION FOR UKRAINE OFF THE TABLE? Despite a commitment to offer further support to Ukraine, EU leaders seem unlikely to agree to provide an extra €20 billion thro...

Adolis García and David Ortiz: A tale of the unexpectedly clutch

Published Wed, 05 Mar 2025 19:51:31 GMT

The Texas Rangers have a lot of star power on their loaded roster, including former Red Sox pitchers, Nathan Eovaldi and Martin Pérez. But on this postseason journey towards what they hope will be their first World Series championship, someone else – a more under-the-radar player whose Major League career was far from a sure thing – has been their clutch hero.How very Red Sox of them, too.Adolis García is having a David Ortiz-level October, and in Boston, that’s not a comparison made lightly.Entering Sunday, García has homered eight times in 14 postseason games, the first of his five-year career in the Majors. That ties his teammate, Corey Seager (2020 Dodgers), Nelson Cruz (2011 Rangers), Carlos Beltrán (2004 Astros), and Barry Bonds (2002 Giants) for second-most homers in a single postseason in MLB history. Two more, and he’ll tie Randy Arozarena, who happens to be his best friend, former St. Louis Cardinals teammate, and the father of García’s goddaughter.The two unexpected heroe...

4 former Hong Kong student leaders jailed over their praise of a knife attack on a police officer

Published Wed, 05 Mar 2025 19:51:31 GMT

HONG KONG (AP) — Four former student leaders from the University of Hong Kong were sentenced to two years in prison on Monday for inciting people to wound others through their praise of a man who stabbed a police officer before killing himself in 2021. Kinson Cheung, Charles Kwok, Chris Todorovski and Anthony Yung are being held responsible for their roles in passing a motion in the students union council. The motion expressed “deep sadness” and appreciated the “sacrifice” of the man who took his own life. The resolution came against the backdrop of widespread public anger against the police, who were condemned as being heavy-handed in quelling the 2019 pro-democracy protests. Handing down the sentences, Judge Adriana Noelle Tse Ching said the words they used were likely to incite hatred against the police. The charge the four were facing was a serious offense and a lenient sentence would send “the wrong message” to society, she said. Leung Kin-fai stabbed a police officer wit...

In the news today: Son of Canadian presumed hostage in Gaza fears military escalation

Published Wed, 05 Mar 2025 19:51:31 GMT

Here is a roundup of stories from The Canadian Press designed to bring you up to speed on what you need to know today…Son of Canadian presumed hostage in Gaza: ‘Military actions don’t solve anything’The son of a Canadian woman believed to be among those held hostage by Hamas in Gaza wants the world to push for an end to the fighting, and says he fears Israel’s escalating offensive could end all chance of bringing his mother safely home.Yonatan Zeigen’s mother, Vivian Silver, is one of an estimated 229 hostages taken by Hamas during its bloody Oct. 7 rampage in Israel.Hamas fighters breached Israel’s defences and stormed into nearby towns like Silver’s, gunning down civilians and soldiers in a surprise attack that killed at least 1,400 people.Unifor workers at Stellantis strike as deal deadline passesUnifor says Canadian autoworkers have gone on strike at Stellantis operations in Canada after failing to reach a deal by Sunday’s de...

When a private mortgage is the ‘only game in town,’ having an exit strategy is key

Published Wed, 05 Mar 2025 19:51:31 GMT

As tougher lending requirements have more homeowners turning to the private mortgage market, brokers say having a strategy to eventually get out of the loan is crucial, or they risk falling into a debt trap that could eventually lead to a ‘For Sale’ sign on the front lawn.“Getting out is very difficult. And if you don’t plan for it, or at least acknowledge the difficulties and make that part of your risk determination, you can end up just paying money for the rest of your life and never owning a home,” said Steve Biderman, a mortgage broker at mortgageoutlet.ca. “You have to treat them as a Band-Aid, not a solution.”While private mortgages can be appropriate or necessary in certain circumstances, most in the mortgage world consider them a lender of last resort.A private mortgage is a short-term home loan (typically one year), based on the value and equity in the home. It’s financed by affluent individuals or a group of investors, rather than a bank or other financial ins...

Young Canadians more anxious about debt, more likely to miss a bill payment: Equifax

Published Wed, 05 Mar 2025 19:51:31 GMT

TORONTO — Equifax Canada says young Canadians are more anxious about their personal debt and more likely to have missed a bill payment this year. In a survey conducted in September, the agency says 36 per cent of younger adults reported having missed a bill payment this year, compared with 23 per cent overall.Meanwhile, 52 per cent of those surveyed between the ages of 18 and 34 are anxious about their personal debt, compared with 39 per cent overall.Equifax Canada says housing is a top concern for Canadians, with three in 10 respondents saying they’ve had to seek additional income in order to cover higher mortgage or rent payments. Almost 20 per cent said they’re in a precarious financial situation and may need to move due to affordability issues. The survey found younger Canadians are more likely to look into second or third jobs or ‘side hustles’ in order to meet their financial obligations. This report by The Canadian Press was first published Oct. 30, 2023.The Canadian Press