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☆ How traders are positioning ahead of earnings this week, including an upside bet on this chip stock
▼ + stars: | 2023-11-13 | by ( Michael Khouw | ) www.cnbc.com time to read: +8 min

Let's review how options traders are positioned ahead of the key results due this week. A put seller is willing to get long the stock at the put strike in the event the stock price declines below that level — essentially they are selling insurance to other investors who are betting on a potential decline. So if you hold the stock, maybe wait until after earnings to sell covered calls, and if you don't, wait until after earnings to sell cash covered puts. We saw decent activity in the November $157.50 calls, however earnings were most likely not the catalyst that prompted the bullish activity. DISCLOSURES: (Long Home Depot, Target, TJX, Walmart, Applied Materials) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY .

Persons: Russell, Tyson, It's, Fisker Organizations: Tyson Foods, TSN, Target, Walmart, Materials, Taiwan Semiconductor, Applied Locations: LCID, 19times

☆ Middle-class movers are heading to these three cities in search of affordability
▼ + stars: | 2023-11-13 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

Middle-class movers are choosing Las Vegas, Phoenix, and San Antonio as top destinations. It was the second-most popular destination for middle-class movers coming from out of state, the report said. While cities like Austin saw a surge in home prices, San Antonio has been able to maintain some of its affordability. AdvertisementAdvertisement"If you were to ask me, I'd still tell you San Antonio's more affordable than most cities in Texas," San Antonio real-estate agent Ricardo "Rico" Riojas, Jr. told Insider. San Antonio, Texas.

Persons: —, Andrew Arevalo, Getty Images Arevalo, Redfin, Arevalo, there's, he's, We've, Stephanie K, Dow, I'd, Ricardo, Rico, Riojas, Jr, Allan Baxter, San Antonio — Organizations: Service, Denver, Pew Research, Getty Images, MLS, Las Vegas, San Antonio, Getty, Austin Locations: Vegas, Phoenix, San Antonio, The Nevada, Arizona , Nevada , Florida, Texas, Sin, Colorado, Nevada and Colorado, Clark County, Las Vegas, Denver, California, Arizona, Phoenix , Arizona, San, . Texas, Austin, Antonio, Antonio , Texas

In business, that meant building a fortune by hyping a drug that ultimately failed. In politics, it means arguing he can return Trump's “America First” vision to the White House without the baggage. Ramaswamy majored in biology and participated in the campus Republican club, standing out even there as a libertarian. “I believe Donald Trump was an excellent president,” Ramaswamy said while campaigning in Atlanta. While many conservatives dislike foreign aid, Republican voters align heavily with Israel.

Persons: Vivek Ramaswamy, ”, “, Ramaswamy, Ramaswamy skewered Nikki Haley, Ron DeSantis, Dick Cheney, Haley, Donald Trump, Ann Trimble Ray, Ramaswamy “, he’s, you’ve, Ray, “ Da, ” Ramaswamy, Goldman Sachs, Dan Gold, —, Intepirdine, Axovant, divesting, Jeffrey Sonnenfeld, Ramaswamy sidesteps, Trump’s, He's, Israel’s, ” Ramaswamy jousted, Tucker Carlson, Sean Hannity, Carlson, Hannity, denigrating, Trump, Putin, Xi, ” Haley, Linley Sanders, Thomas Beaumont Organizations: ATLANTA, Republican, Florida Gov, DeSantis, Harvard, Crimson, Goldman, Wall Street, QVT, GlaxoSmithKline, New York Times, Forbes, Yale School of Management, Disney, Republicans, Israel, Associated Press, NORC, for Public Research, Fox News, GOP Locations: United States, Israel, Ukraine, Ohio, , Iowa, Atlanta, American, U.S, Gaza, Iraq, Afghanistan, Washington, Des Moines , Iowa

☆ House Republicans unveil their plan to avert a government shutdown next week
▼ + stars: | 2023-11-11 | by ( Scott Wong | Julie Tsirkin | ) www.cnbc.com time to read: +6 min

WASHINGTON — House Republicans on Saturday unveiled their stopgap funding bill to avert a government shutdown set to begin next weekend. GOP hardliners had been pushing Johnson to include budget cuts as part of his two-tiered CR plan, a source involved in discussions told NBC News. "My opposition to the clean CR just announced by the Speaker to the @HouseGOP cannot be overstated. The laddered plan has the backing of Congress' most conservative members, including Republicans who normally never vote for stopgap bills. "I want a clean CR," declared Connecticut Rep. Rosa DeLauro, the top Democrat on the Appropriations Committee.

Persons: Mike Johnson, Johnson, Chip Roy, Texas, Roy, Pelosi, Ken Buck, Rosa DeLauro, Hakeem Jeffries, Chuck Schumer, Schumer, Dan Bishop, you've, that's, Bishop Organizations: U.S, Capitol, WASHINGTON —, Republicans, Saturday, Israel, GOP, NBC News, One, Republican, House Republicans, Democratic, Caucus, CR, Senate, Connecticut Rep, House Republican, North Locations: Hama, Gaza, Washington , DC, Ukraine, Southern, Connecticut, New York, Israel, North Carolina

☆ Cramer says 'innovation and self-help' allow stocks to resist the pull of the bond market
▼ + stars: | 2023-11-09 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

To Cramer, stocks able to do well in these uncertain conditions have strong innovation and effective cost-saving measures. "Innovation and self-help are what allows stocks to buck the pull of the bond market," he said. He said Meta and Alphabet are effectively using AI to bolster ad sales, which are higher than many traditional media channels. He also said Apple 's products are "special" enough to withstand pressures from the bond market. Cramer then highlighted Disney , which he said is managing a powerful turnaround despite bond market stress.

Persons: CNBC's Jim Cramer, Jerome Powell's, Cramer, could've, Jay Powell's, Powell Organizations: Microsoft, Nvidia, Apple, Disney

The firm upgraded shares to neutral from sell in a Wednesday note, and slightly increased its target price to $5.50 from $5. The firm upgraded the offshore drilling company to overweight from equal weight in a Thursday note and raised its price target to $106 from $84. The bank reiterated a buy rating on Disney with a $120 per share price target, or about 42% upside from Wednesday's $84.50 close. Bank of America's Jessica Reif Ehrlich also reiterated a buy rating on Disney, albeit with a $110 per share price target, which implies more than 30% upside. The bank initiated coverage of the electric vehicle giant with a reduce rating accompanied by a $146 per share price target.

Persons: Goldman Sachs, Ygal Arounian, — Brian Evans, Bud Light, Carlos Laboy, BUD, Brian Evans, EBITDA, Stephanie Yee, Parker, Banks, Parker Hannifin, Nicole DeBlase, Eddie Kim, Brett Feldman, Bank of America's Jessica Reif Ehrlich, Bob Iger's, Michael Montani, Greg Melich, — Fred Imbert, Tesla, Michael Tyndall Organizations: CNBC, Tesla, HSBC, ISI, Analysts, Citi, Anheuser, Busch InBev HSBC, Busch InBev, Middle America, InBev, BUD, JPMorgan, Montrose Environmental, Deutsche Bank, Barclays, Disney, Bank of America's Locations: China, U.S, North America, Montrose, 3Q23, EBITDA, Valaris

☆ Israel Is In Real Danger For Three Reasons - The New York Times
▼ + stars: | 2023-11-09 | by ( Thomas L. Friedman | ) www.nytimes.com time to read: +15 min

After traveling around Israel and the West Bank, I now understand why so much has changed. It is crystal clear to me that Israel is in real danger — more danger than at any time since its War of Independence in 1948. Last Saturday night, a retired Israeli Army commander stopped by my hotel in Tel Aviv to share his perspective on the war. Consider this context: “According to Israel’s official Central Bureau of Statistics, at the end of 2021, 9.449 million people live in Israel (including Israelis in West Bank settlements), the Times of Israel reported last year. Let me not mince words, because the hour is dark and Israel, as I said, is in real danger.

Persons: I’ve, —, Vladimir Putin, Biden, Israel, Benjamin Netanyahu, Kiryat Shmona, Kibbutz, Liat Admati, “ Mahmoud, ”, he’d, “, Yoav Gallant, Netanyahu, Israel’s, Biden —, Ron Scherf Organizations: West Bank, Yemen —, West Bank —, U.S, Israeli Army, Iranian, Hamas, Sunday, The Times, ABC News, Central Bureau of Statistics, Palestinian, Statistics, West Bank Palestinian, West, Palestinian Authority, Brothers Locations: Tel Aviv, Israel, America, U.S, Independence, Iraq, Yemen, Jerusalem, Hamas, Gaza, United States, Israeli, Kiryat, Lebanon, Kibbutz Be’eri, Be’eri, Mefalsim, “ Israel, West Bank, Netanyahu Israel

☆ Innovation, invention and self-help are ways to buck the pull of bonds, says Jim Cramer
▼ + stars: | 2023-11-09 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInnovation, invention and self-help are ways to buck the pull of bonds, says Jim Cramer'Mad Money' host Jim Cramer take a look at recent market action and the impact of bonds.

Persons: Jim Cramer

SAN FRANCISCO (AP) — Walt Disney Co. on Wednesday reported sharp profit growth for its fiscal fourth quarter while announcing an expansion of its cost-cutting drive under returning CEO Bob Iger. Disney said its net income jumped 63% to $264 million in the quarter that ended Sept. 30, up from $162 million a year earlier. The company credited cost-cutting and other efficiencies from restructuring as well as continued subscription growth in its streaming business. On the streaming front, Iger said the company added nearly 7 million core Disney+ subscribers in the quarter. But he noted that Disney is also looking for ways to begin delivering more sports events via ESPN's streaming platform.

Persons: Bob Iger, Iger, Bob Chapek, ”, “ Organizations: FRANCISCO, Walt Disney Co, Disney, Hulu, Industry, Revenue, ESPN Locations: FactSet, Burbank , California

☆ Amazon adds a new reason to get and keep Prime: member discounts on health-care services
▼ + stars: | 2023-11-08 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Amazon (AMZN) said on Wednesday that it's offering Prime members a discount on its new health-care service — another perk that should help bring more people into the online retailer's ecosystem. It provides members unlimited 24/7 access to virtual care as well as in-person, and remote primary care services. Prime members can add up to five people from their family to the One Medical plan for an additional $6 a month. Amazon offering a discounted subscription to One Medical's services is part of the company's efforts to expand the broader Prime flywheel by leveraging its 167 million Prime members. The goal of the Amazon Prime membership is to provide people with "one simple membership, something that provides shopping, savings, streaming and now positive health outcomes, said Jamil Ghani, SVP of Amazon Prime in a CNBC interview Wednesday.

Persons: Jeff Marks, It's, Tom Forte, Forte, Andy Jassy, Davidson, there's, Jamil Ghani, Jim Cramer's, Jim Cramer, Jim, John Love, Jason Redmond Organizations: Amazon, D.A, Amazon Web Services, Amazon Pharmacy, Amazon Prime, CNBC, Robotics Research, AFP, Getty Locations: Davidson, Sumner , Washington

☆ Corporate America weighs business impact of new weight-loss drugs
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +4 min

Walmart (WMT.N) expects revenues from its health and wellness products to increase in the second half of the year, mainly due to the popularity of weight-loss drugs. PepsiCo (PEP.O) Chief Financial Officer Hugh Johnston has said the company is "not seeing any impact" yet from the popularity of weight-loss drugs. Coca-Cola (KO.N) CEO James Quincey said the company was monitoring what impact, if any weight-loss drugs will have. Abbott CEO Robert Ford has said diabetes patients could end up using glucose monitors with the weight-loss drugs in the long term. DRUG DISTRIBUTORSCencora (COR.N), formerly called AmerisourceBergen, Cardinal Health (CAH.N) and McKesson (MCK.N) have flagged potential boost to revenues this year owing to the growing demand for weight-loss drugs.

Persons: Victoria Klesty, Eli Lilly's, Eli Lilly's Zepbound, Hugh Johnston, James Quincey, Michele Buck, Dr Pepper, Robert Gamgort, Johnson, Joseph Wolk, Robert Ford, Michael Farrell, Bhanvi Satija, Ananya Mariam Rajesh, Mrigank Dhaniwala, Arun Koyyur Organizations: REUTERS, U.S . Food, Drug Administration, Walmart, PepsiCo, J, Abbott Laboratories, Insulet Corp, Boston Scientific, Cardinal Health, Thomson Locations: Oslo, Norway, Victoria, U.S, GLP, Bengaluru

☆ House Censures Rashida Tlaib, Citing ‘River to the Sea’ Slogan
▼ + stars: | 2023-11-07 | by ( Kayla Guo | More About Kayla Guo | ) www.nytimes.com time to read: +6 min

The House voted on Tuesday to censure Representative Rashida Tlaib, Democrat of Michigan, formally rebuking the sole Palestinian American in Congress for her statements regarding the Israel-Hamas war. Four Republicans voted against censuring Ms. Tlaib, while one Democrat and three Republicans voted “present,” declining to take a position. After the gavel fell, Democratic lawmakers, mostly progressives, surrounded Ms. Tlaib on the floor and embraced her. Ms. Tlaib has been by far the most vocal member of Congress to do so. The debate pitted mainstream Democrats against the most progressive lawmakers in the House, many of them women of color who surrounded Ms. Tlaib on the floor as the censure was considered.

Persons: Rashida Tlaib, Tlaib, ”, censuring Ms, “, Rich McCormick, Israel —, — “, Tlaib’s, Ms, Biden, Ilhan Omar, Ayanna S, Pressley, Republicans “, Hakeem Jeffries, Brad Schneider of Illinois, Mr, Schneider, “ Tlaib, Marjorie Taylor Greene, Israel, Greene, Ken Buck, “ It’s, Karoun Demirjian Organizations: Palestinian American, Republicans, Democratic, Republican, Defamation League Locations: Michigan, Israel, Gaza, Georgia, Palestinian, Jordan, Minnesota, Massachusetts, New York, Colorado

☆ These are the 11 best US cities for retirees — and only one is in Florida
▼ + stars: | 2023-11-07 | by ( Noah Sheidlower | Kelsey Neubauer | ) www.businessinsider.com time to read: +3 min

U.S. News and World Report released its latest list of the best places to retire in 2024. Cities in Pennsylvania dominated the list, while only one spot in Florida made it in. Smaller cities in Pennsylvania took seven of the top 10 spots, in part because they are more affordable relative to bigger metropolitan areas in the region. Only one of Florida's metropolitan areas made the top 10; it's possible that the relatively lower taxes were outweighed by the risk of hurricane flooding. Here are U.S. News' top 11 cities to retire, worth a look for their affordability and more.

Persons: —, Beverly Harzog, Rowe Price Organizations: . News, Service, U.S . News, News, New, U.S . Locations: Pennsylvania, Florida, Harrisburg , Pennsylvania, Harrisburg, America, U.S, Florida's, New York

NEW YORK (AP) — The New York Mets are hiring Yankees bench coach Carlos Mendoza as their manager, according to a person familiar with the decision. Mendoza spent the past four seasons across town as Aaron Boone's bench coach with the Yankees. He replaces Buck Showalter, fired by the Mets at the end of last season after holding the job for two years. Political Cartoons View All 1234 ImagesMendoza becomes the fifth Mets manager since Terry Collins’ seven-year tenure ended in 2017. Showalter took over in December 2021 and led the Mets to a 101-61 record and a playoff berth in 2022, when he was voted NL Manager of the Year.

Persons: Carlos Mendoza, Mendoza, Aaron Boone's, Buck Showalter, David Stearns, Steve Cohen, Terry Collins ’, — Carlos Beltrán, Craig Counsell, Stearns, Counsell, David Ross, hadn't, Stephen Vogt, Terry Francona, Showalter, Cy Young, Justin Verlander, Max Scherzer, ___ Organizations: New York Mets, Yankees, Associated Press, Mets, Venezuelan Winter League, NL East, Major League, Houston Astros, hometown Brewers, NL Central, Chicago Cubs, Cleveland Guardians, New Locations: Atlanta, . New York, Milwaukee, New York, San Diego

☆ Canary Wharf may yet avoid once-a-decade upheaval
▼ + stars: | 2023-11-06 | by ( Yawen Chen | ) www.reuters.com time to read: +4 min

LONDON, Nov 6 (Reuters Breakingviews) - Canary Wharf tends to have a new owner every decade. A recent 300 million pound equity injection implies they will buck the trend. Brookfield and the QIA, which own the estate’s developer Canary Wharf Group through a 50-50 partnership, ostensibly look to be backing a losing horse. Factoring in all its assets on the Canary Wharf estate, Brookfield as of September valued it all at $6.1 billion, or 5 billion pounds – over 2 billion pounds more than what the duo put in eight years ago. Canary Wharf could be owned by highly leveraged, shallow-pocketed types.

Persons: –, Paul Reichmann’s Olympia, Morgan, Breakingviews, dory, George Hay, Oliver Taslic Organizations: Reuters, HSBC, HK, London Docklands, Qatar Investment Authority, Canary, York, Morgan Stanley, Jefferies, Reuters Graphics Reuters, Brookfield, Wharf Group, Thomson Locations: Brookfield, –, CWG, City, Wharf

☆ Democrats concerned over Tlaib’s anti-Israel rhetoric, but are not backing new GOP censure efforts
▼ + stars: | 2023-11-06 | by ( Melanie Zanona | Annie Grayer | ) edition.cnn.com time to read: +5 min

Two Republican lawmakers have filed separate resolutions to censure Tlaib this week, after a similar effort failed last week. “I have been really careful, partly because our Michigan delegation is so small, and we work together,” Stevens told CNN. “Democratic Rep. Brad Schneider is circulating a statement condemning Tlaib’s recent comments but stopped short of saying he supports a censure resolution. Last week, 23 House Republicans opposed a Tlaib censure resolution led by Rep. Marjorie Taylor Greene. But a censure motion is not the way to do it.”The proposed Tlaib censure has sparked a tit-for-tat among lawmakers looking to target one another across the aisle.

Persons: Rashida, Israel, roiled, Joe Biden, Tlaib, Hakeem Jeffries, Jeffries, Haley Stevens, ” Stevens, “, Debbie Dingell, ” “, ”, Dingell, ” Dingell, Brad Schneider, Tlaib –, –, Alexandria Ocasio, Cortez, Marjorie Taylor Greene, Richard McCormick of, Chip Roy, they’re, censuring, Ken Buck, ” Buck, “ We’ll, Becca Balint, Vermont, Greene, Sara Jacobs, Brian Mast Organizations: CNN — House Democrats, Rep, Michigan Democrat, CNN, ”, Hamas, “ Democratic, Democratic, Cortez of New York, Republicans, Georgia Republican, Capitol, GOP, Texas Republican, Republican, Colorado, Jewish, GOP Rep Locations: Israel, Michigan, Alexandria, Cortez of New, Georgia, Richard McCormick of Georgia, California, Florida, Nazi

When the Colorado Republican announced this past week that he would not seek reelection, he began with the type of criticism of Democratic policies that is standard fare for a hard-line conservative. Yet under political pressure in Colorado, Buck decided there was no way forward for him in Congress. Alone among Republicans, Buck said he was opposing Jordan because he had not clearly stated that Biden won the 2020 election. This past week, Trump called Buck a “weak and ineffective Super RINO,” or Republicans In Name Only. The next day, Buck testified about a legal effort in Colorado to ban Trump from the ballot under the Constitution’s “insurrection clause."

Persons: Ken Buck, Buck, “, Donald Trump’s, Democrat Joe Biden, Biden, ” Buck, MAGA, ”, “ MAGA ”, Trump, Liz Cheney, Adam Kinzinger of, Kevin McCarthy, Ken, Chip Roy, I’ll, Marjorie Taylor Greene, Greene, CrossFit, ” Greene, Dick Cheney, Reagan, Cheney, Liz Cheney's, Ronald Reagan, Democratic Sen, Michael Bennet, “ I’ve, Joe Neguse, David Cicilline, Cicilline, Jim Jordan, McCarthy, Jordan, it’s Organizations: WASHINGTON, —, Colorado Republican, Republican, Democrat, Trump, GOP, CNN, Capitol, Republicans, Caucus, Associated Press, Texas, University of Denver, Princeton University, University of Wyoming, Wyoming Rep, Democratic, Democrats, Colorado Democrat, Rhode Island, Apple, Meta, Google, Ohio, Committee's Locations: Colorado, Wyoming, Adam Kinzinger of Illinois, Washington, Denver, Georgia, Iran, Buck's

☆ How some HENRYs are aggressively saving their around 6-figure incomes while still splurging on what matters most to them
▼ + stars: | 2023-11-02 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

"When some people look at our lives, they say we are really thrifty, that we must feel limited or that we are missing out, but I don't feel held back," White said. AdvertisementAdvertisementWhite is one of the so-called HENRYs — or high earners, not rich yet — who are often younger people with significant discretionary income but who still don't feel financially stable. For many HENRYs, living below their means is the key to relying less on their working income in the future. Coupled with saving for retirement and paying off student loans — averaging $80,000 among Malani's clients — many don't have much money to spend. "In a lot of ways, saving money gives us freedom."

Persons: Gen Zers, —, hasn't, she's, White, Priya Malani, HENRYs, Malani, Sarah Baus, Baus, it's, splurging Organizations: Service, Hyundai Locations: Charleston, SC, Thailand, New York, California

☆ A Republican congressman compares Palestinian civilians to Nazis on the House floor
▼ + stars: | 2023-11-02 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

A GOP representative compared Palestinian civilians to Nazis in a speech on the House floor. More than 8,000 Palestinian civilians have been reported killed in less than a month by the Israeli military. AdvertisementAdvertisementSpeaking on the House floor on Wednesday, a Republican congressman compared Palestinian civilians to Nazis. Mast equated Palestinian civilians to civilians of World War II-era Nazi Germany weeks after Hamas terrorists launched a large-scale coordinated attack against Israel, leading to more than 1,400 Israeli civilian deaths. "I think when we look at this as a whole, I would encourage the other side to not so lightly throw around the idea of innocent Palestinian civilians," Mast said.

Persons: —, Brian Mast, Florida who's, Mast, Rashida, Marjorie Taylor Greene's, censuring Tlaib, Greene, Chip Roy, Colonel Sanders, Lauren Boebert, Ken Buck, Mike Johnson Organizations: GOP, Service, Republican, Rep, US Army, Israeli Defense Force, Capitol, Republicans, Democratic, Reps, Biden Administration Locations: Florida, Nazi Germany, Israel, Gaza, Afghanistan, of Israel, Palestine

☆ MTG clashes with conservative Republican over Tlaib censure vote, calling him 'Colonel Sanders,' and drags Lauren Boebert into it by bringing up her 'vaping groping' incident
▼ + stars: | 2023-11-02 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Greene is angry that Rep. Chip Roy of Texas opposed her effort to censure Rep. Rashida Tlaib. Marjorie Taylor Greene🇺🇸 (@RepMTG) November 1, 2023Twenty-three Republicans, including Roy, voted against the resolution moving forward. Her conduct is unbecoming of a member of Congress and certainly worthy of condemnation - if not censure," Roy said in a statement after his vote. "However, tonight's feckless resolution to censure Tlaib was deeply flawed and made legally and factually unverified claims, including the claim of leading an 'insurrection'." Talib said Greene's resolution was "deeply Islamophobic" and made clear she would not change her approach.

Persons: Marjorie Taylor Greene, Greene, Chip Roy, Texas, Rashida Tlaib, Roy, Colonel Sanders, —, Republican Sen, Ted Cruz's, Marjorie Taylor Greene 🇺🇸 ( Organizations: Republican, Unity Party, Service, Democratic, Republicans, Congress, — Locations: Georgia, Texas, California

☆ Tesla's Autopilot not to blame for a crash that killed a driver and left his wife and son badly injured, jury finds
▼ + stars: | 2023-11-01 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

A California jury found Tesla's Autopilot function did not cause a 2019 crash that killed a driver. Micah Lee's wife and son were seriously injured and sued Elon Musk's EV maker for $400 million-plus. AdvertisementAdvertisementTesla's Autopilot feature was not responsible for a 2019 crash that killed a driver and left two passengers seriously injured, a California jury ruled. Tesla denied its software was to blame and argued that the driver had consumed alcohol before getting behind the wheel. The EV maker also questioned whether Autopilot was in use at the time of the crash.

Persons: Micah Lee's, —, Tesla, Bryant Walker Smith Organizations: Elon, Service, Reuters, University of South, Washington Post, National, Traffic, Administration, Department of Justice Locations: California, Riverside County , California, University of South Carolina

☆ Jim Cramer says a big cloud over the bond market has been lifted
▼ + stars: | 2023-11-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Wednesday praised the Treasury Department's quarterly refunding plan, saying its method of managing the U.S.' growing debt load is just what the unsettled bond market needed. The routine announcement is receiving more attention than usual on Wall Street because of the steep rise in bond yields over the past few months. Higher bond yields often lead to increased volatility on the stock market. In particular, Cramer praised Josh Frost, the department's assistant secretary for financial markets, and the author of the report. "The 30-year buck stops right here at the door of Josh," Cramer said.

Persons: CNBC's Jim Cramer, Cramer, Josh Frost, Frost, Josh Organizations: Treasury, U.S, U.S . Treasury

☆ Republican Reps. Kay Granger, Ken Buck announce they won't seek reelection
▼ + stars: | 2023-11-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Rep. Ken Buck, R-Colo., talks with reporters before a procedural vote on the debt limit bill in the U.S. Capitol on Wednesday, May 31, 2023. Republican Rep. Ken Buck of Colorado on Wednesday announced he will not seek reelection next year, saying he was "disappointed" in his party, and disillusioned by political gridlock in Congress. Buck's announcement came just hours after another veteran House Republican, Rep. Kay Granger of Texas, the powerful chair of the House Appropriations Committee, confirmed she would not seek reelection next year either. Buck, 64, said he was leaving Congress in large part because he was frustrated with the direction he saw the Republican Party moving in. "Too many Republican leaders are lying to America," he said in a video announcing his retirement.

Persons: Ken Buck, Ken Buck of Colorado, gridlock, Kay Granger, Granger Organizations: U.S, Capitol, Republican, Wednesday, Republicans, Republican Party Locations: Ken Buck of, Congress, Kay Granger of Texas, Fort Worth, Buck, America

The outcome in civil court shows Tesla arguments are gaining traction: when something goes wrong on the road, the ultimate responsibility rests with drivers. The electric-vehicle maker also argued it was unclear whether Autopilot was engaged at the time of the crash. During the Riverside trial, an attorney for the plaintiffs showed jurors a 2017 internal Tesla safety analysis identifying "incorrect steering command" as a defect, involving an "excessive" steering wheel angle. The automaker subsequently engineered a system that prevents Autopilot from executing the turn which caused the crash. "I think that anyone is going to have a hard time beating Tesla in court on a liability claim," he said.

Persons: Tesla, Elon Musk, Micah Lee's, Lee, Bryant Walker Smith, Matthew Wansley, Wansley, Eloy Rubio Blanco, Rubio, Sam Abuelsamid, Dan Levine, Hyunjoo Jin, Jonathan Oatis, Richard Chang Organizations: Tesla, Tuesday, Court, Reuters, University of South, Cardozo School of Law, U.S . Department of Justice, Traffic, Administration, Thomson Locations: Riverside County, Los Angeles, University of South Carolina, Riverside

☆ Native American populations are ‘invisible’ to banks. That needs to change
▼ + stars: | 2023-10-30 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +13 min

Before the Bell: What do investors need to know about investing in Native American and Alaskan Native communities? Dawson Her Many Horses: Native American and Alaskan Native communities are more than an ethnic group or racial category. The National League Gaming Commission, which is the regulator for Native American casinos, publishes a yearly report on gross gaming revenues for casinos. When you look at some of the research that gets done, Native American and Alaskan Native households are almost always the most underbanked. People like to focus on what I call the ‘poverty porn’ aspects of Native American and Alaskan Native communities.

Persons: Dawson, “, “ I’ve, ”, Bell, Banks, Wells, That’s, we’ve, Wells Fargo, they’re, Danielle Wiener, Bronner, Kit Kat, ” Hershey, Michele Buck, It’s, Dan Sadler, Covid shutdowns Organizations: CNN Business, Bell, New York CNN, CNN, Wells, Rosebud Sioux, The National League Gaming Commission, Bank of America, Federal, American Finance, Silicon Valley Bank, Hershey, Consumers, Dow, Federal Reserve, Apple Locations: New York, Rosebud, South Dakota, Wells Fargo, United States, Federal Government, Silicon, New York City, Alaska, Oklahoma, confections

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