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Rayner’s replacement will show which way political wind is blowing

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As Westminster ponders what impact last week’s reshuffle might have on the direction and instincts of the government, and its capacity to deliver, the resignation of Angela Rayner leaves one still unfilled vacancy.

Her former government jobs, deputy prime minister and housing secretary, have been taken by David Lammy and Steve Reed respectively.

But her role as deputy leader of the Labour Party, a position directly elected by Labour’s members, is now being contested.

Westminster likes elections like nothing else, and here comes another one.

The timetable is tight. Nominations open today, with a winner announced on 25 October.

To stand, candidates must have the backing of at least 80 MPs and secure that backing this week, and either 5% of local parties or three Labour affiliated groups.

The left wing Labour MP Richard Burgon, who served on Jeremy Corbyn’s front bench, described it as “the mother of all stitch ups” and later added “despite the stitch up, Labour members deserve a Left candidate on the ballot.”

But plenty in government and in the wider party want to get the contest done quickly and with minimal noise.

The party’s general secretary Hollie Ridley told Labour MPs that it was essential that “we will remain mindful that the Labour Party’s primary duty is to serve the country”,

Translation: let’s not tear ourselves to shreds in public with Labour folk falling over themselves to say why the government hasn’t been good enough.

“If there’s a contest and you’re in government, it is very hard to see how it goes well,” one longstanding Labour figure tells me.

“We should take the opportunity to abolish the post altogether. It’s existence only feeds factional infighting,” another MP texts, just ahead of the timetable for the contest being set out.

This vacancy coincides with a reshuffle that many within the party and beyond regarded as the government tilting to the Right.

When the Telegraph of all news organs heralded what it called “a welcome Rightwards shift,” then perhaps it is little wonder that some on the party’s soft Left as well as hard Left might be jittery.

And then that they might want those jitters to be expressed and personified in who replaces Angela Rayner.

“If the leadership put forward a serving minister, it could backfire quite badly. The reshuffle was about a particular faction in the party. It eliminated the soft Left from positions of influence,” claims a Labour veteran.

Probably the best Downing Street can hope for is a constructive critic of the government, who can act as a pressure valve for party members, but not be too noisy or disloyal.

But does such a person come forward, and do they win the contest?

And in the meantime, how loud does the contest become?

Then afterwards, at the end of next month, the Prime Minister will have to work out what to do with the party’s new deputy.

Recent precedent suggests they take a role in government – as Angela Rayner did, and as Harriet Harman did, when she won the deputy leadership in 2007 when Labour was in government.

But perhaps that won’t happen this time.

“I think that is less of a consideration actually,” the health secretary Wes Streeting has said.

The consequences of the Angela Rayner property saga are not over yet for Labour.

Newsom, Democrats troll Vance over post on Trump's alleged Epstein note

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California Gov. Gavin Newsom (D) and other Democrats are trolling Vice President Vance over a post on President Trump’s alleged birthday note to convicted sex offender Jeffrey Epstein.

Back in July, Vance criticized what he called a “complete and utter bulls‑‑‑” Wall Street Journal report on a “bawdy” birthday note Trump allegedly wrote to Epstein over two decades ago.

“Forgive my language but this story is complete and utter bulls‑‑‑,” Vance said on the social platform X at the time. “The WSJ should be ashamed for publishing it.” 

“Where is this letter? Would you be shocked to learn they never showed it to us before publishing it? Does anyone honestly believe this sounds like Donald Trump?” he added.

On Monday, House Oversight Committee Democrats quickly released the birthday present image and message Trump allegedly wrote to Epstein, revealing a drawing the White House had denied existed.

“This aged nicely,” Newsom said in a post on X Monday featuring a screenshot of Vance’s old post.

Rep. Ilhan Omar (D-Minn.) also posted a screenshot of Vance’s old post on X, captioning it “Well,” alongside an emoji with a face rolling its eyes.

“RELEASE. THE. FILES,” she added.

The official X account for the Democratic Party also went after Vance for the old post, reposting it alongside the image the House Oversight Democrats released.

“Found the letter for you, @JDVance,” the Democrats said on X Monday.

The Hill has reached out to Vance’s office for comment.

“The Democrats don’t care about Epstein. They don’t even care about his victims. That’s why they were silent about it for years. The only thing they care about is concocting another fake scandal like Russiagate to smear President Trump with lies,” Vance said in a post on X Monday evening. “No one is falling for this BS.”

Sandisk (SNDK) Gets 30.6% Boost from Renewed AI Optimism

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We recently published 10 Big Names With Double-Digit Upsides. Sandisk Corp. (NASDAQ:SNDK) is one of last week’s top performers.

Sandisk rallied by 30.65 percent week-on-week to hit a new all-time high after marking three straight days of gains as investor sentiment was boosted by the broader market optimism for Artificial Intelligence.

On Friday alone, Sandisk Corp. (NASDAQ:SNDK) surged to its highest 52-week record of $68.67, marking a 9.87-percent jump, before paring gains to finish the day up by only 9.68 percent at $68.55.

Sandisk (SNDK) Gets 30.6% Boost from Renewed AI Optimism
Sandisk (SNDK) Gets 30.6% Boost from Renewed AI Optimism

The rally was mainly influenced by Morgan Stanley’s bullish comments for the NAND memory market, citing strengthening fundamentals.

According to the investment firm, the enterprise SSD had grown sharply, largely driven by increasing AI infrastructure buildouts and ongoing HDD shortages.

Massive orders—totaling tens of exabytes—are moving NAND supply away from consumer markets such as PCs and smartphones.

While Sandisk Corp.’s (NASDAQ:SNDK) exposure to enterprise SSD was limited, Morgan Stanley expects upside for the company as its BICS 8 process ramps up in the second half of the year, positioning it for a better 2026.

While we acknowledge the potential of SNDK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

Fatal stabbing of Ukrainian refugee in North Carolina ignites crime debate

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The murder of 23-year-old Ukrainian refugee Iryna Zarutska on a train in North Carolina last month has sparked ongoing concerns about crime in the US.

A video released on Friday by the Charlotte Area Transit System shows Ms Zarutska seated on a train when she is stabbed from behind several times in what appears to be a random attack.

The suspect, 34-year-old Decarlos Brown Jr, is charged with first-degree murder. The graphic video has circulated on social media, attracting the attention of influencers, commentators and politicians.

Charlotte’s mayor on Monday called the killing “a tragic failure by the courts and magistrates”. She vowed to deploy more officers to public transit sites.

President Donald Trump sent “love and hope” to Ms Zarutska’s family, saying on Monday that her killing was “horrible”.

“There are evil people. We have to be able to handle that. If we don’t handle that, we don’t have a country,” he said.

Outrage at the case comes as President Donald Trump threatens crime crackdowns in Democrat-run cities.

In an online obituary, Ms Zarutska’s family wrote that she fled the war in Ukraine along with her mother and siblings in 2022, and had “quickly embraced her new life in the United States”.

It said she was a “gifted and passionate artist”, loved animals, and was “happiest when surrounded by family and loved ones”.

“Her absence leaves a deep void, but her spirit will forever remain in the hearts of those who loved her”.

North Carolina Governor Josh Stein said he was “appalled” by the footage of Ms Zarutska’s killing.

“We need more cops on the beat to keep people safe,” the Democratic governor said on X, and called for the state legislature to pass a law enforcement package to “address vacancies in our state and local agencies so they can stop these horrific crimes and hold violent criminals accountable”.

Republicans and right-wing commentators have raised questions about the role of the judicial system in the incident, including why Brown was free despite reportedly having an extensive criminal record.

He was convicted of armed robbery, felony larceny and break and enter, according to records obtained by CNN, and spent eight years in jail for robbery with a dangerous weapon. He also suffers from mental health issues and is homeless, according to media reports.

In her statement, Mayor Lyles said that a solution is needed “to address repeated offenders who do not face consequences for their actions and those who cannot get treatment for their mental illness and are allowed to be on the streets”.

The suspect’s mother, who didn’t want to be identified, told local news outlet WSOC-TV that she believes the attack could have been prevented.

North Carolina Representative Brenden Jones, a Republican, wrote on X that Ms Zarutska’s death “is the result of decades of Democrat DAs and Sheriffs putting their woke agendas above public safety. Violent criminals commit crimes with impunity, while families live in fear.”

Republican Florida Congressman Randy Fine said he would “introduce legislation to hold judges accountable when violent repeat offenders they release commit new crimes”.

“Those 12+ judges that released Decarlos Brown Jr should have their day in court too,” he added.

While declining to comment on the specifics of the case, Mecklenburg County District Attorney Spencer Merriweather outlined the challenges of holding defendants with mental health issues accountable for their actions.

In an interview with Axios, he said many are held in hospitals while courts wait for them to be mentally able to stand trial.

Chicago mayor calls National Guard the 'wrong solution'

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Chicago Mayor Brandon Johnson (D) said sending the National Guard to his city is the “wrong solution to a real problem” in a new opinion piece for The New York Times.

“Lowering crime rates here does not require an occupation of our city by armed members of the National Guard, as the White House continues to threaten us with. Chicagoans, including survivors of violence, have spoken out against such an extreme measure,” Johnson wrote in his piece published Monday.

“Sending in the National Guard is the wrong solution to a real problem. If President Trump had listened to the city’s leaders, he would recognize that Chicago just experienced record-low homicide numbers, making this the safest summer since the 1960s, a result of effective collaboration between communities and law enforcement,” he added.

On Sunday, President Trump said he’s “not going to war” with Chicago despite his recent social media post that showed the Windy City in an apocalypse and hinted at impending war.

When questioned if he was “threatening to go to war with Chicago,” Trump said to reporters, “We’re not going to war. We’re going to clean up our cities.”

“We’re going to clean them up, so they don’t kill five people every weekend. That’s not war. That’s common sense,” the president added.

Last week, Trump said it was a matter of when, not if, he would move the National Guard into Chicago, citing the city’s problems with gun violence.

“Well, we’re going in. I didn’t say when. We’re going in,” Trump said previously. “Look, I have an obligation. This isn’t a political thing. I have an obligation.”

The Hill has reached out to the White House for comment.

Celestica (CLS) Climbs 24.6%, Rides Broadcom Boom

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We recently published 10 Big Names With Double-Digit Upsides. Celestica Inc. (NYSE:CLS) is one of last week’s top performers.

Celestica saw its share prices soar by 24.6 percent week-on-week, as investor optimism from semiconductor giant Broadcom Inc. spilled over to its stock.

During the trading week, Celestica Inc. (NYSE:CLS) rallied for four straight days to touch a fresh 52-week high of $257.4 on Friday before trimming gains to end the day at $242.68.

Celestica (CLS) Climbs 24.6%, Rides Broadcom Boom
Celestica (CLS) Climbs 24.6%, Rides Broadcom Boom

Friday’s session mirrored the rally in shares of Broadcom, one of its largest customers, after the latter reported stellar earnings performance and clinched a new $10-billion custom chip supply deal with OpenAI.

Optimistic investors highly anticipated the new deal to largely benefit Celestica Inc. (NYSE:CLS) in terms of revenues, having been a longtime manufacturing and supply chain partner of the semiconductor giant.

In recent news, Celestica Inc. (NYSE:CLS) announced a 122-percent jump in its net income in the second quarter of the year, at $211 million versus $95 million in the same period last year. Revenues grew by 21 percent to $2.89 billion from $2.39 billion year-on-year.

For full-year 2025, Celestica Inc. (NYSE:CLS) raised its revenue growth outlook to $11.55 billion from the $10.85 billion expected previously, while that for the third quarter was pegged at a range of $2.875 billion to $3.125 billion.

While we acknowledge the potential of CLS  as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

Best and worst-performing NHS Trusts in England named

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New league tables rating the performance of NHS trusts in England have been published for the first time, with specialist hospitals taking the top slots.

Number one is Moorfields Eye Hospital NHS Foundation Trust, followed by the Royal National Orthopaedic Hospital NHS Trust, and the Christie NHS Foundation Trust.

At the bottom is Queen Elizabeth Hospital, King’s Lynn, which has had major problems with its buildings because of structural weaknesses and the need for props to hold up ceilings.

Health Secretary Wes Streeting said the tables will identify where “urgent support is needed”.

“Patients know when local services aren’t up to scratch,” he said, “and they want to see an end to the postcode lottery – that’s what this government is doing.”

The public will be able to check out the performance of their local hospital, ambulance service or mental health trust.

Trusts in England are ranked every three months and placed in four categories – with the top performers given more power over how they spend their money and those lower down encouraged to learn from the best trusts and receive support from national officials.

A spokesperson for the Queen Elizabeth Hospital said: “Our patients deserve the highest standards of care, and we are sorry that in some of our performance areas… we have fallen short. Immediate steps are being taken to address the issues.”

But NHS Providers, representing trusts, said there were question marks over whether the league tables were accurately identifying the best performing organisations.

Chief executive Daniel Elkeles said: “For league tables to really drive up standards, tackle variations in care, and boost transparency, they need to measure the right things, be based on accurate, clear and objective data and avoid measuring what isn’t in individual providers’ gift to improve.

“Then they will drive improvement and boost performance. Anything less could lead to unintended consequences, potentially damaging patient confidence in local health services, demoralising hardworking NHS staff and skewing priorities.”

The Department of Health said that from next year the best performing trusts would have more freedom to develop services around local needs while those facing challenges would receive “enhanced support” with their bosses held accountable with their pay reduced because of poor performance.

The highest rated leaders will be offered bigger pay packets to try to turn around struggling trusts.

The metrics used to draw up the rankings include patient waiting times for planned treatment and A&E care and also the financial performance of the trust. It is possible that a hospital rated highly for clinical care will be marked down if they are running up a larger than expected deficit.

Thea Stein, chief executive of the Nuffield Trust think thank, said it was understandable that the government was focussed on winning back public trust but added a note of caution.

“There’s a risk that trusts will focus only on the measures that immediately boost their ranking, even if it’s not necessarily best for patients,” she said. “As finances have a particular sway on the rankings, this is of limited use for patients trying to choose the best hospital for their care.”

Chris McCann from Healthwatch England said any league table must inform and not confuse people.

“It will be essential that the new dashboard clearly communicates the information that is most important to patients and that it is as accessible as possible,” he said.

Trump suggests 'a little fight with the wife' shouldn't count in DC crime stats

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President Trump on Monday suggested that “a little fight with the wife” should not count when it comes to Washington, D.C., crime statistics amid his crackdown in the nation’s capital.

“Can you imagine our capital being the most violent city? But it was — it was really bad, into a totally safe zone. It’s called a safe zone city. There’s no crime. They said, ‘Crime’s down 87 percent,’ I said, ‘No, no, no, it’s more than 87 percent, virtually nothing,’” Trump said during an event at the Museum of the Bible in D.C.

“And much lesser things, things that take place in the home, they call crime,” he added. “You know, they’ll do anything they can to find something. If a man has a little fight with the wife, they say, ‘This was a crime, see?’ So, now I can’t claim 100 percent.”

His comments were part of a speech he delivered at the Religious Liberty Commission’s meeting on Monday.

Trump last week declared the District a “crime free zone” and pushed for more cities run by Democrats to collaborate with his administration to lower the crime rate in their areas.

The president touted the “very popular” D.C. Mayor Muriel Bowser (D) in a post on Truth Social and pressed other Democrats to follow her lead in accepting federal support.

“Wow! Mayor Muriel Bowser of D.C. has become very popular because she worked with me and my great people in bringing CRIME down to virtually NOTHING in D.C.,” Trump said in the post. 

“Her statements and actions were positive, instead of others like Pritzker, Wes Moore, Newscum, and the 5% approval rated Mayor of Chicago, who spend all of their time trying to justify violent Crime, instead of working with us to completely ELIMINATE it, which we have done in Washington, D.C., NOW A CRIME FREE ZONE,” he added.

Bowser at a press conference this month, stressed the need for more police officers in the city, saying the federal surge has given Metropolitan Police Department (MPD) officers the added support they have long needed. But she also indicated the presence of masked Immigration and Customs Enforcement (ICE) agents and out-of-town National Guard troops around the city was “not working.”

Democrats and some residents have protested the president’s D.C. crime crackdown, which came a few months after a similar use of federal force in Los Angeles.

Trump and other officials in his administration have also teased the possibility of federal law enforcement intervention in Chicago and other Democratic-run cities.

During his Monday remarks, Trump said he didn’t know why “why Chicago isn’t calling us saying, please give us help.” His comments come as DHS has launched its latest immigration crackdowntargeting Chicago.

Scott Galloway and Ramit Sethi dispel money myths that hold Americans back from building real wealth

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Ramit Sethi and Scott Galloway chat during a podcast interview in 2024.
The Prof G Show / YouTube

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Scott Galloway, a serial entrepreneur and NYU professor, recently interviewed Ramit Sethi, bestselling author of “I Will Teach You To Be Rich” on his podcast “The Prof G Show”.

The two experts set out to dispel common financial myths that can hold Americans back from realizing their wealth goals.

For example, when asked whether owning a home is essential for “being rich,” Sethi replied, “no, not necessarily.” His unconventional advice for achieving wealth deviates from mainstream financial guidance and popular belief.

Nearly 40% of Americans believe real estate is the best long-term investment, yet Sethi, a self-proclaimed multi-millionaire, doesn’t own a home.

So, what gives?

This topic is just one of many Sethi addresses — so here are three tips that can be gleaned from his hour-long chat with fellow finance celeb Scott Galloway.

Buying a home is often seen as a quintessential piece of the American dream, and Sethi, who often faces backlash for his stance, remarks, “in America, real estate is religion—and if you dare to question it, you enrage millions of people.”

This is likely due to the fact that 62% of Americans have a mortgage. But currently, home prices are continuing to rise and mortgages rates are still hovering above 6%, and nobody wants to feel tethered to a debt that may not result in long-term asset growth.

If the numbers don’t add up for you, there are still ways to benefit from the U.S. real estate market that you can act on right now.

Not only can you access real estate growth without owning a home, you can also invest in real estate without needing to take on the role of landlord. And that’s ideal in plenty of ways, given the cumbersome elements of maintenance, upkeep, and admin required when you’re managing an investment property yourself.

For instance, for a minimum investment of $50,000, First National Realty Partners (FNRP) offers access to $2 billion worth of high-quality commercial real estate properties leased by major retailers like Walmart and Whole Foods.

Syria accuses Israel of carrying out air strikes

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Israel has carried out air strikes in the central and western parts of Syria, the country’s state news agency said on Monday night.

Syria’s Foreign Ministry condemned the air strikes as “a blatant infringement” of its sovereignty and regional stability, Reuters reported.

There was no immediate comment from Israel. Previously the defence minister Israel Katz said, “forces are operating in all combat zones day and night for the security of Israel”.

Israel has carried out dozens of attacks across Syria after the fall of ex-President Bashar al-Assad in December, which saw an Islamist-led government set up by former rebels.

Israel said at the time it was acting to stop weapons falling “into the hands of extremists”.

Attacks were reported near Homs and Palmyra, as well as on the coastal city of Latakia, Sana said late on Monday.

Britain-based war monitor the Syrian Observatory for Human Rights (SOHR) said “the Israeli strike near Homs targeted a military unit south of the city”.

There’s been no word on casualties.

This year, Israel has conducted 97 attacks – 86 air strikes and 11 land operations – according to the SOHR.

Sana reported earlier this month that Israeli soldiers detained seven people in the southern province of Quneitra, whom the Israeli army said at the time were “suspected of terrorist activity”.

In July, Israel bombed Syrian government forces around Suweida in the country’s south as the army entered the predominantly Druze city following deadly sectarian clashes.