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☆ This AI play is about to pass Warren Buffett’s Berkshire Hathaway in market value
▼ + stars: | 2024-06-20 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Once-obscure chipmaker Broadcom has enjoyed a record-setting rally that's pushed its market capitalization inches behind Warren Buffett's Berkshire Hathaway conglomerate and its portfolio of household names and economic bellwethers. When Broadcom hit an all-time high earlier this week, its market capitalization briefly surpassed drug maker Eli Lilly's. As of Tuesday's close, Broadcom had a market cap of $839 billion, right behind Eli Lilly's $845 billion and Berkshire's $882 billion. Omaha-based Berkshire is currently No.7 in market value, after a cluster of megacap technology giants. Big AI beneficiary Broadcom, meanwhile, is seeing strong demand from customers in need of high-capacity chips that can power complex AI applications.

Persons: that's, Warren Buffett's, Eli Lilly's, Hock Tan, Steve Sosnick, Tesla, Morgan Stanley Organizations: Broadcom, Warren, Warren Buffett's Berkshire Hathaway, Apple, Berkshire, BNSF Railway, Geico Insurance, U.S ., PetroChina, Bank of America, Interactive Brokers, VMware Locations: Palo Alto , California, Omaha, Berkshire, U.S, Saudi Aramco

☆ CNBC's Inside India newsletter: IPO boom looks to break new records
▼ + stars: | 2024-06-13 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +5 min

The spotlight has seemingly shifted in the past year toward companies going to market, hoping to ride on the coattails of India's growth story. Growing foreign listingsThe allure of India's stock markets has trickled to companies beyond its shores — with foreign entities eyeing a share of its growth. Such listings add strength to India's markets, says M&G Investment's Asian Equities Portfolio Manager Vikas Pershad. The optimism on India's IPO boom is sometimes marred by concerns over elevated valuations of its stock market — and whether it is headed toward a bubble. "When we look at India, we see continued economic and earnings per share growth and higher levels of profitability," Dorson from Global X told CNBC's Inside India.

Persons: Swiggy, Debarchan Chatterjee, Neil Bahal, Dhruba Jyoti Sengupta, Ola, PhonePe, Ola Electric, Sengupta, Vikas Pershad, Malcolm Dorson, CNBC's Organizations: Getty, Reliance Industries, Adani Enterprises, Mankind Pharma, Negen, Securities, Exchange Board, Wrise Private, Aakash Educational Services, Aakash Educational, Walmart, United Arab, Hyundai, Insurance Corporation of India, Maruti Suzuki, Hindustan Unilever, Siemens, ABB India, Global Locations: Kolkata, India, SEBI, United Arab Emirates, Sri Lanka, Hyundai India, India's, Maruti Suzuki India, Hindustan

☆ Here's where BlackRock's bond guru Rick Rieder sees opportunity right now
▼ + stars: | 2024-05-24 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

There's a lot to like right now in the fixed income market, according to BlackRock's Rick Rieder. He finds European credit, both investment grade and BB-rated high yield, attractive in part because of the strong U.S. dollar. They have also added high quality CLOs and high-quality European securitized assets. "We're getting more yield than BB high yield. We're getting almost as much yield as full high yield — and our volatility is 60% of that market, just because we diversified," Rieder said.

Persons: BlackRock's Rick Rieder, Rieder, Bond, Fed Governor Waller, I've, He'd, Morningstar, We've, we're, BINC, We're, they'll Organizations: CNBC, SEC, Federal Reserve, Fed, AAA, BlackRock AAA, BlackRock AAA CLO, U.S, CLOs, MBS Locations: BlackRock, CLOs, European

☆ BlackRock says now is the time to lock in higher yields and move cash into bonds
▼ + stars: | 2024-05-03 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Investors with cash on the sidelines may want to start moving some of that money into bonds, according to a new report from BlackRock. The bond market has seen some volatility amid the uncertainty around interest rates and the Federal Reserve's monetary policy. Bond yields move inversely to prices. US10Y YTD mountain 10-year Treasury yields Yields are at levels not seen in 20 years, he pointed out. Aggregate Bond ETF year to date The iShares Core Total USD Bond Market ETF (IUSB) is also a passively managed, broad bond market fund which adds exposure to potentially higher-yielding names.

Persons: Steve Laipply, shouldn't, Laipply Organizations: Federal, Treasury, BlackRock, Fed, Core, Aggregate Bond, Bloomberg U.S, SEC, Aggregate, Bond Locations: BlackRock

☆ Earnings this week will be dominated by Big Tech. What analysts expect
▼ + stars: | 2024-04-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

Big technology earnings this week could offer a much-needed catalyst for a market under pressure. Last week, the S & P 500 and Nasdaq Composite notched their longest daily losing streaks since October 2022, with the broad index posting its worst week since March 2022. Big Tech's performance this week could set the tone for the rest of earnings season and revive the market momentum. Tesla Tesla launches the reporting period for the "Magnificent Seven" stocks, with results due out after the bell Tuesday. Meta Platforms Meta Platforms ' results are due out after the bell Wednesday.

Persons: Tesla, Elon Musk, John Murphy, Longtime Deutsche Bank Tesla, Emmanuel Rosner, Brent Thill, Bernstein, Mark Shmulik, Doug Anmuth, Justin Post, Goldman Sachs, Eric Sheridan, Jefferies, Bernstein's, Wells Fargo's Michael Turrin, Piper Sandler's Brent Bracelin, Kash Rangan, Brad Zelnick, OpenAI, Satya Nadella Organizations: Federal Reserve, Nasdaq, Tesla Tesla, Bank of America, Barclays, Longtime Deutsche Bank, Microsoft, Deutsche, NVIDIA Locations: China

Our Electoral College maps below lay out the best scenarios for him and Mr. Trump. In a Wall Street Journal battleground poll taken in March, Mr. Biden had only 37 percent job approval in the state. … orand The second and harder path for Mr. Trump would be if he carried only one Southern swing state – most likely North Carolina. By carrying these states, Mr. Biden has several paths to 270, but the first three scenarios are his most viable. Scenario 4 They involve Mr. Biden winning Georgia and Arizona … They involve Mr. Biden winningand Scenario 5 … or Michigan and Georgia.

Persons: Biden, Akshita Chandra, Yuji Sakai, Joe Biden, Donald Trump, Trump, Biden’s, Court’s, … orand, Hamas’s, Mr, …, —, Bill Clinton’s, Doug Sosnik, Bill Clinton Organizations: Presidency, Trump, New York Times, Electoral, Wisconsin –, Sun, Siena, Black, The Arizona, Michigan, Mr, North Carolina, Republicans, Georgia, Democrats, Congressional District, Michigan …, Wisconsin, Democratic, House Locations: Arizona, – Michigan, Pennsylvania, Wisconsin, Georgia, Nevada, North Carolina, Mich, Pa, Nev, N.C, Ariz . Ga, Wis, Ariz ., Michigan, Arizona , Michigan, Arizona , Nevada, Israel, Gaza, Nebraska, Minnesota, United States, Michigan , Pennsylvania

☆ Apple is no longer No. 1 in smartphones. Here's why that may not matter
▼ + stars: | 2024-04-15 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

New data showing a sharp decline in iPhone shipments due to weakness in China is unwelcome news for investors in Apple. Sluggish iPhone sales this year have been well documented, and they're the reason Apple shares have fallen roughly 9% in 2024. First-quarter numbers from International Data Corporation (IDC) show the extent of the weakness, with iPhone shipments dropping 9.6% year-over-year to 50.1 million units — its sharpest year-over-year loss out of the top five smartphone brands. That put Samsung back in first place for phone shipments, after Apple held the crown for all of 2023 . AAPL YTD mountain Apple YTD Echoing Jeff's remarks, Jim Cramer has advised members to have patience and "own, don't trade" Apple stock despite these headwinds overseas.

Persons: Jeff Marks, it's, Jim Cramer, Apple, iPhones, that's, Jim, Apple hasn't, Jim Cramer's, Alexi Rosenfeld Organizations: Apple, International Data Corporation, IDC, Samsung, Apple's Worldwide, Nasdaq, Microsoft, Nvidia, JPMorgan, 5G, The, Bloomberg, CNBC, Getty Locations: China, New York City

☆ 3 takeaways from new data on how much money creators are making in 2024, including why affiliate marketing is having a 'glow up'
▼ + stars: | 2024-04-11 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +5 min

Creators' earnings are still on the rise, but the ways in which they make money are changing. New data from market-research firm eMarketer, Business Insider's sister company, forecasts that creator revenue from social media will rise by 16.5% year over year to $13.7 billion in 2024. While brand partnerships remain the primary income source for creators, affiliate marketing is getting a "glow up" this year thanks to platforms like TikTok and YouTube, according to research-analyst Jasmine Enberg. A creator usually has several income streams, from brand partnerships to affiliate marketing to launching courses. Affiliate marketing is also popular on Instagram and YouTube, with the latter doubling down recently with its own affiliate-marketing program .

Persons: Jasmine Enberg, it's, Enberg, Janesha Moore, Moore Organizations: YouTube, Business, US

☆ Here's the state of the AI trade after a great first-quarter run for many of our portfolio stocks
▼ + stars: | 2024-04-01 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

As the second quarter begins, we're taking stock of the AI trade. Microsoft leads There's no denying Microsoft's execution, which paved the way for generative AI to go mainstream and the company to then make money from the emerging technology. Alphabet may have messed up by letting Microsoft leap ahead on generative AI, but the company has years of experience in artificial intelligence research. That alone should tell you just how big these companies are betting that generative AI will indeed be transformative — on par with smartphones or the internet itself. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jefferies, There's, OpenAI's ChatGPT, Siri can't, Claude, Claude 3, That's, Meta, Jim Cramer's, Jim Cramer, Jim, Peter Dasilva Organizations: Microsoft, Jefferies, Google, Apple, Developers Conference, Amazon, CNBC, Olympus, Facebook Locations: Siri, U.S, Meta, Mountain View , California

☆ Stocks making the biggest moves midday: Tesla, GE HealthCare, Coinbase and more
▼ + stars: | 2024-03-13 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Crypto stocks — Stocks whose performance is tied to the price of bitcoin rose as the cryptocurrency pushed to another record for the third day in a row. Dollar Tree posted adjusted earnings of $2.55 per share on $8.64 billion of revenue for the fourth quarter. Analysts surveyed by LSEG, formerly known as Refinitiv, had penciled in $2.65 per share on $8.67 billion in revenue. GE HealthCare — Shares dropped 3% after the medtech company announced a secondary offering of 13 million shares. Analysts had expected earnings of 2 cents per share on revenue of $1.62 billion, per LSEG.

Persons: Coinbase, MicroStrategy, CleanSpark, Baird, Goldman Sachs, Wells, Raymond James, —, Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Michelle Fox Organizations: Marathon, Iris Energy, Texas, Nvidia, Devices, Micron Technology —, Micron, AMD, LSEG, GE, —, GE HealthCare Technologies, General Electric, Royal, Petco, Wellness Locations: Kentucky, Royal Caribbean

☆ A mother who refuses to throw her daughter a birthday party every year sparks parenting debate: 'I am not going to force that on my friends and family.'
▼ + stars: | 2024-02-22 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +5 min

She won't throw her daughter a birthday party each year and instead opts for family celebrations. AdvertisementA Pennsylvania mother swatted down criticism after saying she wouldn't host birthday parties for her daughter each year. But it actually is not my first time dealing with negative comments and a viral video," Light said. AdvertisementShe continued: "Here's the deal: She is getting a first birthday party, she is getting a Sweet Sixteen and she is getting a graduation party. In the same video, Light told viewers she knows her daughter might want a birthday party one day, which is fine.

Persons: —, Marissa Light, she's, Light, I'm, she'll Organizations: Service, Light Locations: Pennsylvania

☆ Dealmaking is showing signs of life, but it comes with some downsides
▼ + stars: | 2024-02-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at why M&A could be staging a comeback and which bankers made the most of 2023 . The big storyDealmaker's delighttatomm/iStock, Tyler Le/BIThree monster deals announced in less than a week has Wall Street wondering: Is M&A back? But after a dreadful 2022 and 2023, dealmaking is showing signs of life, Business Insider's Theron Mohamed writes. Capital One, Truist, and Walmart announced acquisitions totaling $53 billion this week, leaving bankers hopeful the good times (and fees) are back. Deals represent an exit opportunity for companies, giving their investors (some of whom are employees) a chance to cash out.

Persons: Tyler Le, Theron Mohamed, Biden, Alex Morrell, Reed Alexander, Alyssa Powell, Emily Stewart, Wall, it's, M, Getty, Jenny Chang, Rodriguez, Jensen Huang, Goldman Sachs, Carlos Delgado, Associated Press Rivian, Rivian, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Federal Reserve, Walmart, Activision Blizzard, ExxonMobil, Cisco, Acquisitions, Activision, Wall Street, Big Tech, Nvidia, ING, Microsoft, Associated Press, BI, Google, Walgreens, Sunshine State, CVS, Intuit, Nestle, Square Locations: Europe, Florida, VillageMD, New York, London

☆ An entrepreneur took a chance on the pickleball trend, and his business went from zero revenue during the pandemic to seven figures. 3 philosophies helped him take the leap.
▼ + stars: | 2024-02-20 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +9 min

Jon Neeter, a small business owner since 2010, has seen the highs and lows of entrepreneurship. This article is part of "Unlocking Small Business Success," a series providing micro businesses with a road map to growth. They leased the real estate — a single tennis court with an attached 330-square-foot pro shop — and bought the business. The second half of 2019 was a particularly challenging time for the small business owner. His goal was to "build the best pickleball shop in the country," he said.

Persons: Jon Neeter, It's, —, Neeter, pickleball, I'd, everybody's, Pickleball, Jon Neeter Rather, You'll Organizations: Service, BI, Santa Monica Pickleball Center, Santa Monica Tennis Center, Santa Locations: Santa Monica , California, California, America, Southern California, Los Angeles

☆ The Florida city with cheaper homes and fun perks luring residents from Miami and New York
▼ + stars: | 2024-02-06 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

About 730,000 people moved to Florida between July 2021 and July 2022, according to the latest census data available. The typical mover to Florida is not a baby boomer, but a millennial or a Gen Xer from New York and California, according to Business Insider's Noah Sheidlower. "When it comes to people who can't get a starter home in South Florida, they're coming to Orlando," Smith said. "But if you move to Orlando, Florida, with $750,000 or $800,000, you're like, 'I get a yard? AdvertisementMore than 140,000 of the nearly 739,000 people who moved to Florida between 2021 and 2022 came from California and New York , according to Census data.

Persons: —, Noah Sheidlower, Freddie Smith, Shay Walker, Smith, Redfin, Orlando, jodi jacobson, Jenna Clark, Mark Kaley, Joe Raedle Organizations: Service, Business, Orlando, Walt Disney, University of Florida's, Economic, Business Research, Insurance, Disney, Census Bureau, Department of Housing, Urban Locations: Florida, New York, California, Cities, South Florida, Miami, Fort Lauderdale, Orlando, Los Angeles, Orange County, New York City, Central Florida, Orlando , Florida

☆ Beware these possible earnings blow-ups this reporting season, according to Wolfe Research
▼ + stars: | 2024-01-24 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

With fourth quarter earnings season in full swing, Wolfe Research released a list of potential stocks that are best left alone. The companies fall into the bottom 20% of their sector earnings quality and are likely to underperform in 2024, according to Wolfe. The company's average earnings quality score for the trailing four quarters came in at 5. Its average earnings quality score for the trailing four quarters amounted to 25. The payments platform earned an earnings quality score of 10 and an average score in the trailing four quarters of 30.

Persons: Wolfe, Chris Senyek, Tesla, Elon Musk, Chewy, Goldman Sachs, Trevor Young, Morgan Stanley, BTIG, Oppenheimer, Dominick Gabriele, — CNBC's Michael Bloom Organizations: Wolfe Research, Tesla, Argos Holdings, Barclays, PayPal, Paypal, Mizuho Locations: F2H24

☆ What activist investor Nelson Peltz can bring to the board of underperforming Disney
▼ + stars: | 2024-01-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Trian officially nominated Peltz and former Disney CFO Jay Rasulo as directors for consideration at the company's upcoming annual meeting. Trian oversees about $3 billion worth of Disney stock. The board oversight is awful," the activist investor told Jim, who agrees. In March 2018, Peltz joined the board of Procter & Gamble — a relationship that led to market share gains and improved financial performance. Peltz has been pushing Disney board representation since the beginning of 2023 .

Persons: Trian, Nelson Peltz, Peltz, Jay Rasulo, Disney, Morgan Stanley, James Gorman, Ike Perlmutter's, Bob Iger, Jim, we've, Procter & Gamble, there's, Iger, Bob Chapek, Jim Cramer's, Jim Cramer, David A Organizations: Trian Partners, Disney, Marvel Entertainment, missteps, CNBC, ESPN, DIS, Procter &, Netflix, Alpha, Grogan Locations: New York

☆ China reports disappointing GDP, retail data — what it means for 3 of our stocks
▼ + stars: | 2024-01-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

New economic data out of China on Wednesday shows the world's second-largest economy is still struggling to bounce back from the pandemic. China's GDP for the last three months of 2023 grew by 5.2%, according to China's National Bureau of Statistics. But the latest disappointing economic data puts pressure on policymakers to act again to boost the economy. The 2023 bounce back from Covid-19 restrictions did not go as expected, but we believe the stocks' declines already reflect China headwinds and that the Chinese economy will regain its footing in time. We simply can't sell this casino operator because once it's clear the Chinese economy has stabilized, the stock is going to rally.

Persons: Estee Lauder, Morgan Stanley, It's, Wynn, Jim Cramer's, WYNN, Jim Cramer, Jim, Pan Jianyong Organizations: Wynn Resorts, China's, National Bureau of Statistics, Reuters, Starbucks, CNBC, Co, Getty, Visual China Locations: China, Covid, U.S, Mainland China, Macao, Las Vegas, MEISHAN, CHINA, Sichuan, Meishan, Sichuan Province

☆ 'Selling Sunset' agents are freaking out about LA's new mansion tax — but it's not just millionaires who should be worried
▼ + stars: | 2023-11-12 | by ( Juliana Kaplan | Eliza Relman | ) www.businessinsider.com time to read: +10 min

This time, it hinges on Los Angeles' new mansion tax, which impacts homes sold for over $5 million. She added of the city's mansion tax, "This is a very reasonable and equitable way to generate some resources that can support those needs." Unintended consequences of a mansion taxColloquially known as a mansion tax, United to House LA (Measure ULA) passed in November 2022 with 58% support. Shane Phillips, a UCLA housing researcher whose work helped inspire LA's mansion tax, is worried about the mansion tax depressing new development, particularly of multi-family buildings. Phillips argued that if the law is tweaked to exempt first-time sales, the mansion tax "will unquestionably do more good than harm."

Persons: —, Mary Fitzgerald, Nicole Young, Jason Oppenheim, It's, Oppenheim, — aren't, Mari Castaldi, Karen Bass, Shane Phillips, Phillips, that's, Billy Rose, you'll, Rose, doesn't, Castaldi, Phillips isn't Organizations: Service, Netflix, Oppenheim Group, realtors, California Association of Realtors, Budget, House, LA Times, UCLA, Agency Locations: Angeles, Los Angeles, New York, Washington, Massachusetts, Chicago, Santa Fe, California, LA

☆ An entrepreneur who bought a tennis center for $40,000 in 2010 has done seven-figures in revenue in 2023 after barely surviving the pandemic. He shares 3 keys to running a successful small business.
▼ + stars: | 2023-10-17 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

They leased the real estate — a single tennis court with an attached 330-square-foot pro shop — and bought the business. Pickleball, a different racket sport that is played on a smaller court with a smaller paddle and a wiffleball. His goal was to "build the best pickleball shop in the country," he said. To give yourself some time back as an entrepreneur, you have to hire good staff, which is exactly what Neeter did. Pickleball is played on a smaller court with a smaller paddle and a wiffleball.

Persons: Jon Neeter, Neeter, there's, he's, pickleball, I'd, everybody's, Pickleball, Jon Neeter Rather, You'll Organizations: Santa Monica Pickleball Center, Santa Monica Tennis Center, Santa Locations: Santa Monica , California, California, America, Southern California, Los Angeles

Oil prices rose last week as investors priced in the chance of escalation in the world's top oil-producing region, while U.S. Treasuries and gold prices rose as traders bought safe-haven assets. Traders are waiting to see if the conflict draws in other countries, which would drive up oil prices further and deal a fresh blow to the global economy. Oil prices eased but were still above $90 a barrel after surging last week. Before Hamas' attack, market sentiment had been driven by the global economy and the idea that the U.S. Federal Reserve was planning to keep rates higher for longer. European government bond yields rose after European Central Bank officials reiterated concerns about inflation.

Persons: Benjamin Netanyahu, Fiona Cincotta, Antony Blinken, Cincotta, Israel's shekel, Kyle Rodda, Rodda, Elizabeth Howcroft, Kevin Buckland, David Evans, Jan Harvey Organizations: REUTERS, Staff, Israel's, U.S, Traders, Nasdaq, U.S . Federal Reserve, Treasury, European Central Bank, Capital.com, Thomson Locations: Frankfurt, Germany, Israel, Gaza, Iran, East, Qatar, Jordan, Bahrain, United Arab Emirates, Saudi Arabia, Egypt, London, Tokyo

An employee counts Russian 1000-rouble banknotes in a bank office in Moscow, Russia, in this illustration picture taken October 9, 2023. REUTERS/Maxim Shemetov/Illustration/File photo Acquire Licensing RightsOct 10 (Reuters) - The Russian rouble dived towards a more than an 18-month low on Tuesday before paring most losses in a volatile session, under pressure from domestic demand for foreign currency and a drop in oil prices. By 1034 GMT, the rouble was 0.3% weaker against the dollar at 99.63 . It had lost 0.8% to trade at 105.55 versus the euro and shed 0.4% against the yuan to 13.64 . "The bank may show a record profit of 1.5 trillion roubles for the year."

Persons: Maxim Shemetov, Sber, Yevgeny Kogan, Alexander Marrow, Ed Osmond, Gareth Jones Organizations: REUTERS, Bank of Russia, Russia's Higher, of Economics, Thomson Locations: Moscow, Russia, Russian, Brent

The dollar index , which measures the currency's strength against a basket of six rivals, was down 0.31 % to 106.03 . The index rose as high as 106.98 earlier in the session after data showed U.S. nonfarm payrolls increased by 336,000 jobs last month. The numbers for August were revised higher to show 227,000 jobs added instead of the previously reported 187,000. Economists polled by Reuters had forecast September payrolls rising by 170,000 jobs. The payrolls data showed monthly wage growth remained moderate, with average hourly earnings rising 0.2% after a similar gain in August.

Persons: Dado Ruvic, nonfarm, Karl Schamotta, Tony Welch, Helen, Corpay's Schamotta, Saqib Iqbal Ahmed, Gertrude Chavez, Dreyfuss, Chuck Mikolajczak, Rae Wee, Alun John, Marguerita Choy, Susan Fenton, Andrew Heavens Organizations: REUTERS, U.S, Reuters, Thomson Locations: U.S, Toronto, Atlanta, New York, Singapore, London

REUTERS/Staff/File Photo Acquire Licensing RightsLONDON, Oct 5 (Reuters) - European stocks rose on Thursday, after a plunge in oil prices and softer U.S. labour data late on Wednesday helped bring U.S. Treasury yields back down from 16-year highs. European government bond yields were mixed, with the benchmark 10-year German yield up 2 basis points at 2.921% . "The question everyone’s asking is: can yields continue to rise further and at what point are yields going to cause some serious damage on the economy?” said Baylee Wakefield, a portfolio manager at Aviva Investors. ING FX analysts cautioned in a client note that markets may be putting too much weight on Wednesday's private payrolls data. In currencies, the U.S. dollar index was down 0.1% at 106.530 , off a peak earlier in the week of 107.34.

Persons: ”, Baylee Wakefield, Elizabeth Howcroft, Elaine Hardcastle, Sharon Singleton Organizations: REUTERS, Staff, Wednesday, Treasury, U.S . Federal Reserve, Nasdaq, Aviva Investors, Analysts, ING, U.S, Bank of, U.S ., Thomson Locations: Frankfurt, Germany, U.S, Bank of Japan, Japan

☆ Leaked memo shows Amazon will make Fresh grocery deliveries for Prime members a lot cheaper again
▼ + stars: | 2023-10-05 | by ( Ashley Stewart | Eugene Kim | ) www.businessinsider.com time to read: +3 min

Amazon Prime members in the US will soon be able to get free grocery delivery orders from Amazon Fresh when they spend over $100 on the site, Insider has learned. In an email to Insider, Claire Peters, Amazon's worldwide VP of Amazon Fresh, said the change will go into effect Thursday afternoon. Amazon offers grocery delivery to Prime members in more than 3,500 cities and towns across the U.S. Non-Prime members in a dozen metro areas, including Austin, Boston, and San Diego, can also receive grocery deliveries. Amazon is considering a separate, standalone grocery subscription service for Prime members, as Insider previously reported . The internal document about the new Fresh fee structure reflects Amazon's willingness to keep investing in the Fresh grocery business.

Persons: Claire Peters, Peters, Amazon's, it's, Amazon, It's, Brian Olsavsky, Eugene Kim Organizations: Amazon, Foods, U.S . Locations: Austin, Boston, San Diego

☆ Tim Cook dumps a chunk of Apple shares this week in his biggest scheduled sale in 2 years
▼ + stars: | 2023-10-04 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Apple CEO Tim Cook shed a chunk of shares in his tech giant during this week's market turmoil, making his biggest scheduled sale in two years. Cook dumped about 511,000 Apple shares in separate sales in the past three days through a 10b5-1 plan, which allows insiders to sell shares under a prearranged structure, according to a regulatory filing . Cook's action happens to fall in a week where the stock market was rattled by surging bond yields. AAPL YTD mountain Apple Shares of Apple fell 0.8% on Tuesday, but they are still positive for the week. The company also reduced the number of restricted stock units Cook would receive if he retires before 2026.

Persons: Tim Cook, Cook Organizations: Apple, Treasury Locations: InsiderScore

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