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Nintendo on Tuesday cut forecast for Switch sales for its fiscal year ending March 2025 as demand wanes for its ageing console. The operating profit outlook for the period was slashed from 400 billion yen to 360 billion yen. Here's how Nintendo did in its fiscal second quarter ended Sept. 30 versus LSEG estimates:Revenue : 276.7 billion Japanese yen ($1.8 billion), compared with 273.34 billion yen expected. : 276.7 billion Japanese yen ($1.8 billion), compared with 273.34 billion yen expected. Net profit: 27.7 billion yen, versus 48.06 billion yen expected.
Persons: Mario Organizations: NINTENDO, Universal Studios Hollywood, Nintendo, Revenue Locations: Universal City , California
Generally, a Trump win is seen as positive for financials given a higher likelihood of deregulation for companies in the space. Traditional oil and gas names are also likely to benefit under a second Trump presidency. One is made up of stocks that benefit after a Harris win; the other would outperform under a second Trump presidency. However, a Harris win is expected to keep current regulation measures in place, and possibly introduce new ones. Private equity giants KKR and Blackstone would also benefit under a Trump win.
Persons: Kamala Harris, Donald Trump, Paul Gallant, Cowen, Gallant, Harris, Goldman Sachs, Daniel Clifton, Strategas, Andrew Garthwaite, Trump, Garthwaite, TAN, we've, Biden, Wells, Ike Boruchow, Boruchow, , Russell, Joe Biden, Morgan Stanley, Crypto, isn't, Nic Puckrin, bitcoin, Marcelli, Financials, Wolfe, Chris Senyek, Lazard Organizations: Congress, U.S ., Trump, U.S . Trump, GOP, Democratic, CNBC Pro, Wall, Strategas, Enterprise, of America, Ford, UBS, Apple, Enphase Energy, Technologies Enphase, Exxon Mobil, Chevron, Trump Media & Technology, Trump Media, Cadence Bank, Viking Therapeutics, Bureau, CNBC, Wolfe Research, Lazard, Private, KKR, Blackstone, Evercore Locations: Washington, of America Cleveland, Cleveland, China
Due to this, Piper Sandler has unveiled a list of stocks that it views as most sensitive to government spending. "If Trump wins, these stocks are likely to be hurt by cuts in government spending," Piper Sandler's chief investment strategist Michael Kantrowitz said in a recent note to clients. The company was the top recipient of defense contracts from the Department of Defense in fiscal 2023, being awarded $61.4 billion in defense spending. During September's presidential debate, Trump clashed with Harris over funding efforts, with Harris accusing Trump of being prepared to abandon consistent U.S. support for Ukraine . In that area, Humana , which offers Medicare Advantage plans, and UnitedHealth are two names Piper Sandler thinks could be affected.
Persons: Trump, Donald Trump's, Elon Musk, Musk, Piper Sandler, Piper, Michael Kantrowitz, Kamala, Harris, machinists, Lockheed Martin Organizations: U.S, SpaceX, Republican, Trump, Boeing, Lockheed, Department of Defense, Ukraine, Humana Locations: U.S
Silicon anodes vs. solid-state batteriesAnalysts say silicon anodes theoretically offer 10 times the energy density as graphite, which are commonly used in battery anodes today. Silicon anodes, for example, are known to swell significantly during charging, which reduces the battery's longevity. Especially in the West, advances in the area of silicon anodes [are] seen as strategic opportunity to catch up with China. Nonetheless, analysts remain skeptical about when solid-state batteries will actually make it to market. "However, there are significant technical challenges going to 100% silicon anode such as silicon expansion affecting the longevity of the batteries and currently there are several routes to produce silicon anodes," he added.
Persons: IDTechEx, carmakers, Venkat Srinivasan, Srinivasan, hasn't, Rory McNulty, McNulty, Georgi Georgiev, Georgiev, Taiwan's, Sila Nanotechnologies Organizations: Parc des, Chesnot, Getty, Mercedes, Porsche, GM, Center for Energy Storage Science, government's, government's Argonne National Laboratory, CNBC, EV, Benchmark Mineral Intelligence, Bloomberg, Fastmarkets, Toyota, Nissan, China's SAIC Motor Corp, ProLogium, Paris Locations: Parc, Paris, France, government's Argonne, Chicago, Siheung, South Korea, West, China, U.S
I moved from the US to Germany 14 years ago and am now raising a kid here. AdvertisementWhen asked where I'm from, saying I'm American" doesn't suffice. Sadly, I'm also still stuck in my native English head, which doesn't delineate between a formal and informal "you," either. We're three hours by train from Amsterdam, three and a half hours by train from Paris, and four hours by train from London. Despite all the mistakes, misunderstandings, and episodes of embarrassment, I can honestly say that I'm grateful for everything living in Germany has brought me.
Persons: , I've, it's, JENS SCHLUETER, I'm, We've Organizations: Service Locations: Germany, United States, Los Angeles and New York, Europe, Amsterdam, Paris, London
Boston AP —A jury on Tuesday found an Alabama man not guilty of killing an 11-year New Hampshire girl more than 35 years ago. “I recognize the work and dedication of the jury during their long deliberations in this case,” Tucker said. The body of the Salem, New Hampshire, girl was found in a Lawrence, Massachusetts, trainyard on Sept. 12, 1988, a day after she was reported missing. The family, in statement, said they respected the process but believe McClendon was still guilty of murder based on the DNA results. Strasnick told the jury that the DNA evidence taken from under Tremblay’s fingernails excludes 99.8% of the male population.
Persons: Melissa Ann Tremblay’s, Marvin “ Skip ” McClendon Jr, McClendon, “ Mr, , Henry Fasoldt, Attorney Paul F, Tucker, ” Tucker, Melissa Ann Tremblay, Janet Tremblay, Jessica Strasnick, wasn’t, Tremblay, Strasnick, Lawrence, Fasoldt, Lawrence — Organizations: Boston AP, Associated Press, Attorney, Alabama, Essex County Locations: Alabama, New Hampshire, Essex County, Salem , New Hampshire, Lawrence , Massachusetts, trainyard, Lawrence, Essex, Massachusetts, Chelmsford
Unionized Boeing workers on Monday voted to accept a contract proposal, ending a seven-week strike. AdvertisementBoeing union workers approved a labor contract proposal on Monday that will increase pay by 38% over four years and end a seven-week strike. This was after Boeing union leaders endorsed the offer on Thursday. The first was when over 30,000 union workers voted to strike after being displeased with the 25% pay increase they were originally offered. The company's second offer with a 30% pay increase was withdrawn after talks broke down.
Persons: , Jon Holden, Brandon Bryant, Boeing machinists, Brian Bryant, Kelly Ortberg, Ortberg Organizations: Bank of America, Boeing, Service, International Association of Machinists, Aerospace Workers, IAM, BI Locations: Seattle
Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. Super Micro shares plummeted last week after Ernst & Young, the company's auditor, resigned. CEO Charles Liang said Super Micro was actively in the process of hiring a new auditor. Super Micro shares soared 246% last year after jumping 87% in 2023. WATCH: Super Micro shares down on earnings
Persons: Charles Liang, unaudited, Ernst & Young, Ernst, Liang, LSEG Organizations: Super, Computer Inc, Nasdaq, Super Micro, Micro, SEC, Ernst, Company Locations: Taipei, Taiwan
With Election Day upon us, many investors are wondering how to, or if they even should, position their stock portfolios ahead of knowing who the next president will be. Indecision will hurt the stock market, not destroy it, but bruise it because the only thing markets really hate is uncertainty." Jim also wrote Sunday that the stock market will more than likely be just fine no matter who wins the presidency. Bottom line A quick and decisive presidential election outcome — one way or the other — is what's best for the stock market. Combination with Former President and Republican Presidential Candidate Donald Trump (L), and Vice President and Democratic Presidential Candidate Kamala Harris.
Persons: Donald Trump, Kamala Harris, That's, Joe Biden, Jim Cramer, Jim, we've, Barack Obama, Biden, George W, Bush, Richard Nixon, Jim Cramer's Organizations: NBC News, Democratic, Republican, Trump, JPMorgan, Dow, Nasdaq, Federal Reserve, Jim Cramer's Charitable, CNBC
Janet Boudreau, who owned the election supply business Intab, designed an "I Voted" sticker in 1987. In recent years, some states have held "I Voted" sticker design contests with unusual winners. One of the earliest mentions of "I Voted" stickers dates back to a 1982 Miami Herald article about discounts offered to customers wearing the stickers, Time magazine reported. Even so, stickers were rarely given out on Election Day until 1987, when Boudreau took over Intab, her father's election supply business then based in Seattle. "I Voted" stickers.
Persons: Janet Boudreau, , Boudreau, Intab, " Boudreau, Paul Bersebach, Getty Images Boudreau, Hudson Rowan, Jane Hynous, Kamala Harris, Amy Lemus Organizations: Service, Miami Herald, MediaNews, Orange, Getty Images, Getty Locations: American, Miami, Seattle, America, Ulster County , New, Pontiac
Striking Boeing workers voted in favor of a 38% pay rise. The latest big victory for US labor unions could inspire others despite the tense process. AdvertisementThe machinists' victory is the latest to highlight the power of labor unions in the US. It has been a tense road for the roughly 33,000 unionized Boeing workers who began their strike on September 13. That may only grow more common as workers find inspiration from others' victories, something noted by the president of the Boeing union.
Persons: we've, Joe Biden, , Gary R, Allen, Julie Su, Brian Bryant Organizations: Boeing, Service, International Association of Machinists, Aerospace Workers, IAM Union, IAM, Territory, machinists, Teamsters, United Auto Workers, National Labor Relations Board, US Locations: Seattle, United States
In today’s edition, political reporter Allan Smith and senior White House reporter Peter Nicholas empty their notebooks after spending the last two weeks on the ground in battleground Pennsylvania. And over the final two weeks of the race, both candidates and their running mates held 16 events in Pennsylvania — including Monday, marking some of Harris and Trump’s final rallies of the campaign. And 5% of Republican voters hold a positive view of Harris, while 92% hold a negative view (-87 net rating.) : Regardless of who wins the election, a key fixture of America’s political landscape for nearly a decade is set to disappear: the Trump campaign rally. Read more → Follow live updates from the campaign trail →That’s all from the Politics Desk for now.
Persons: Allan Smith, Peter Nicholas, Mark Murray, Peter Nicholas PITTSBURGH, It’s, Donald Trump, Kamala Harris, Trump, Harris, Jennifer Mann, Philipsburg, , ” Read, Allan, Peter → 🗺️, orth, arolina,, ake, ender, ault, ines, hite, lear, alf, Tod, Reg, Rob, Bowman Organizations: NBC, White House, Capitol, It’s, NBC News, Trump, State College, ust, ics Locations: Pennsylvania, oters, Poli
Elon Musk’s posts on his social media platform X get far more attention when they cast doubt on the integrity of the electoral process, an NBC News analysis has found. The difference in reach was vast: 5.2 times more likes, 4.2 times more comments and 9.1 times more reposts, when comparing the median election-doubting post to the median election post that didn’t cast doubt on the process. In addition to owning X, Musk is its biggest account, with more than 202 million followers, according to the app’s tally of his following. X has developed a clear tilt in favor of far-right users and posts since Musk bought it two years ago, according to researchers. Musk told an editor at The Atlantic in July that he would “of course” accept the results of the presidential election, according to the magazine.
Persons: Elon Musk’s, Musk’s, , It’s, Donald Trump, Kamala Harris, he’s, Musk, Organizations: NBC, SpaceX, Trump Locations: United States, U.S
The social media ads have flooded platforms including Facebook, Instagram and X. One advertisement — viewed more than 900,000 times on Facebook and Instagram since Oct. 28 — depicts Trump winning in the Polymarket odds, according to the Meta Ad Library. A separate sponsored campaign from the right-wing social media personality Shaneyy Richh included nine advertisements promoting Polymarket forecasts. Based on user bets, Polymarket says Trump’s odds of winning are roughly 65.5% and Harris’s odds of winning are 34.5% as of Oct. 31. The company has also used social media to promote election betting, spending over $140,000 on Meta ads, according to the company's ad library.
Persons: Donald Trump’s, Kamala Harris, isn’t, Shayne Coplan, Trump, Harris, Shaneyy Richh, pollsters, , Elon, Polymarket, “ Trump, ” Claudio Vallejo, They’re, , ” Polymarket, Coplan, we’ve, I’ve, ” Trump, “ Polymarket, that’s, Musk, ” John Fortier, “ It’s, you’re, Fortier, “ I’m Organizations: , Facebook, Trump, Meta Ad, , Polymarket, United, Commodity, U.S, NBC, American Enterprise Institute Locations: California , New York, Texas, United States, U.S, Michigan
As the battle for Congress comes to a close, here are five things to watch:1. Republicans have long been concerned about Democrats’ massive fundraising advantage in House and Senate races. Nearly $1.6 billion has been spent on ads in Senate races since Labor Day, with Democrats spending $803 million and Republicans spending $758 million, according to AdImpact. More than $1 billion has also been spent on ads in House races since Labor Day, with Democrats spending $615 million to Republicans’ $448 million, according to AdImpact. In the Maryland Senate race, Republicans have tried to pull off an upset by recruiting former GOP Gov.
Persons: Donald Trump, Kamala Harris, Trump, Jon Tester, Ohio’s Sherrod Brown, Brown, Tim Sheehy, Bernie Moreno, Jim Justice, Sen, Joe Manchin, Joe Biden, Harris, Pennsylvania’s Bob Casey, Wisconsin’s Tammy Baldwin, Nevada’s Jacky Rosen, Maine Republican Susan Collins, Biden, Casey, Dave McCormick, Rosen, Roe, Wade, , That’s, Dan Osborn, GOP Sen, Deb Fischer, Fischer, Osborn, Colin Allred, Ted Cruz, they’re, Debbie Mucarsel, Powell, Rick Scott, Allred, Larry Hogan, Hogan, Angela Alsobrooks Organizations: White, Republicans, House, Republican, Navy, West Virginia Gov, Democratic, Trump, GOP, Maine Republican, Senate, Freedom Caucus, Democrats, Labor, , Republicans ’, PAC, Maryland Senate, GOP Gov, Hogan Locations: California, New York, Arizona, Michigan, Maine, Pennsylvania, Nevada, Allentown, Harrisburg, Nebraska, Cornhusker, Texas, Florida, Maryland
JAKARTA, Indonesia — At least nine people died after Mount Lewotobi Laki-Laki in eastern Indonesia erupted on Sunday, spewing explosive plumes of lava and forcing authorities to evacuate several nearby villages, officials said Monday. Mount Lewotobi Laki-Laki, located on Flores Island in East Nusa Tenggara province, erupted on Sunday at 11:57 p.m. local time (11:57 a.m. “We have started evacuating residents since this morning to other villages” that are located about 13 miles from the crater, he said. In May, a volcano on the remote island of Halmahera, Mount Ibu, led to the evacuation of people from seven villages. North Sulawesi’s Ruang volcano also erupted in the spring, prompting authorities to evacuate more than 12,000 people.
Persons: Mount Lewotobi, Lewotobi, Hadi Wijaya, , , Hadi, Heronimus Lamawuran, Heronimus Organizations: Center of Volcanology, Reuters, East, Mount Ibu Locations: JAKARTA, Indonesia, Flores Island, East Nusa Tenggara, East Flores, Halmahera, North, Marapi, West Sumatra
For many Americans, the most important focus heading into a presidential election is how the winner will impact their wallet. Related storiesFor drug prices, Harris has promised to expand two provisions in the Inflation Reduction Act, allowing Medicare to negotiate the prices of some drugs. HarrisHarris' planned policy includes the construction of 3 million new housing units, as well as an expansion to the Low-Income Housing Tax Credit. TrumpTrump has also proposed expanding the child tax credit, which currently provides up to $2,000 per child. In August, the vice presidential candidate JD Vance floated a child tax credit proposal that would include $5,000 per child for families of all income levels.
Persons: Harris, Trump, Trump's, Joe Biden's, Biden, Trump Trump, — Trump, Harris Harris, , Vance, hasn't Organizations: Trump, Federal Reserve, White, Trump Trump Locations: Americas
Newly public child care services provider KinderCare Learning has a standout strategy that could boost its profits well into the future, according to Goldman Sachs. Goldman Sachs led the KinderCare initial public offering at $24 a share last month. The company also serves families across all income demographics, including those that get subsidies for child care, which broadens its addressable market. Goldman estimates the domestic child care industry is worth about $76 billion, and predicts it should grow at an annual rate of about 6% long term. Tong expects KinderCare revenue to top that, rising between 6% and 9%, as it makes acquisitions of smaller providers and further cements its advantages as a large-scale player.
Persons: Goldman Sachs, George Tong, Tong, Goldman Organizations: KinderCare, New York Stock Exchange, Child Care Locations: U.S, KinderCare
AppLovin has soared 310% in 2024, beating every U.S. tech company with a market cap of at least $5 billion, according to FactSet data. The technology helps put more targeted ads on the mobile gaming apps the company owns, and works for other studios that license the software. They said the company's "real opportunity" is to catch the influx in brand advertising towards mobile gaming from more conventional channels like social media or legacy broadcasting. Because of its position in digital advertising, AppLovin faces potential competition from some of the most well-capitalized companies on the planet. In 2022, AppLovin gave up on efforts to buy gaming software developer Unity Software for $20 billion, after Unity shareholders rejected the bid.
Persons: AppLovin, Wells Fargo, FactSet . Oppenheimer, Stifel Nicolaus, Jefferies, Adam Foroughi, could've, Foroughi, mightily, Unity, LightShed's Brandon Ross Organizations: Nvidia, Revenue, FactSet, Wedbush, Google, Facebook, Apple, Orient, Unity Software, Unity Locations: BTIG, AppLovin, U.S
Former President Donald Trump's universal tariff proposals could cause prices to skyrocket on clothing, toys, furniture, household appliances, footwear and travel goods, according to a new report from the National Retail Federation. Trump has said he would impose a 10% or 20% tariff on all imports across the board. In both cases, the NRF found that the impact of Trump's tariffs would be "dramatic" double-digit percentage price spikes in nearly all six retail categories that the trade group examined. The report found that the greatest price spikes could occur for toys: between 36.3% and 55.8%. The report found that the more expensive retail goods would lead to a $46 billion decrease in purchasing power, if Trump imposes both universal tariffs and especially high China rates.
Persons: Donald Trump's, Trump, Mark Zandi Organizations: Abercrombie, Fitch, National Retail Federation, Republican, Bureau of Labor Statistics, CNBC Locations: Manhattan, New York City, China, Mexico, Raleigh , North Carolina
Yet it's precisely butter that's been a headache for Russia, with a 25.7% price increase this year. "There is a well-known phrase: guns instead of butter," Putin said last February. By the end of October, the price of butter in Russia was up 25.7% compared to December 2023, per government statistics. Why butter prices are on the riseA week before that meeting, the same union said the country wasn't experiencing a butter shortage, but added that about 25% of local butter consumption comes from foreign suppliers. AdvertisementAnother major dairy supplier complying with wartime sanctions, New Zealand, sold $88.8 million worth of butter to Russia yearly before the invasion began.
Persons: Putin, , Vladimir Putin Organizations: Service, MMI, Gazeta, United Arab Emirates Locations: Ukraine, Russia, Russian, Moscow, Latin America, New Zealand, Turkey
Reliance Industries' boss Ambani hasn't updated his IPO timelines after saying in 2019 that Reliance Jio and Reliance Retail would "move towards" a listing within five years. The two sources said Reliance has now firmed up plans to launch the Reliance Jio IPO in 2025 as it internally believes it has achieved a stable business and revenue stream in becoming India's No. But the retail business IPO is not expected until after 2025 as the company first needs to address some internal business and operational challenges, said the first source. Reliance Jio is set to lock horns with Elon Musk if he launches his Starlink internet service in India, and Jio, which is also backed by Google and Meta, has partnered with Nvidia to develop AI infrastructure. Reliance, however, aims for the 2025 Jio IPO to be India's biggest ever, overtaking Hyundai India's record $3.3 billion IPO this year, said the first source.
Persons: Mukesh D, Ambani, Ajay, Mukesh Ambani, Ambani hasn't, Elon Musk, Jefferies Organizations: Reliance Industries Ltd, Reuters, Reliance Industries, Reliance, KKR, General, Abu Dhabi Investment Authority, Google, Nvidia, Hyundai Locations: New Delhi, India, Mumbai, General Atlantic, Abu Dhabi
The new Ford F-150 truck goes through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan. DETROIT — Ford Motor on Monday reported a 15.2% increase in U.S. new vehicles sales last month compared with subdued levels due to a union strike in October 2023. The automaker's sales gain outpaced the industry's estimated increase of 10% last month compared with a year earlier. Sales of hybrid vehicles, which Ford has been emphasizing amid a slower-than-expected adoption of electric vehicles, were up 38.5% last month compared to October 2023, Ford said. Its EV sales were down by 8.3%, while sales of traditional vehicles with internal combustion engines were up 14.1%Ford's EV sales remain up 38.2% for the year through October compared with the same timeframe in 2023.
Persons: Ford, EVs Organizations: Ford, Ford Dearborn Plant, United Auto Workers, EV, Ford's Locations: Dearborn , Michigan, DETROIT
With passes already on sale for the anticipated tour, there are a few strategies for how to buy Megan Moroney concert tickets. We’ve got you covered you’re looking for how to get tickets to Megan Moroney’s 2025 tour. How much are Megan Moroney tickets? Ticket prices for Megan Moroney’s 2025 tour vary depending on each show's date, location, and demand. Here’s a list of Megan Moroney’s 2025 international tour dates:
Persons: Megan Moroney, Moroney, Kenny Chesney’s Sun, Megan Moroney’s, We’ve, Morrison Organizations: Business, Orange, Down, Georgia Girl, North, FL, SC, UT, Ticketmaster, Buckeye Locations: American, Europe, Montreal, West Coast ., North America, Dallas, Hollywood, Tempe, AZ, Canada, Toronto, ON, York City, NY, Huntsville, Athens, Nashville, TN, Knoxville, Fishers, St, Louis, Bentonville, Houston, Minneapolis, Omaha, Oklahoma, Washington, Uncasville, Richmond, Cleveland, Pittsburgh, Columbus, Chicago, IL, Milwaukee, Buffalo, Boston, Charleston, Independence, Valley City, Idaho, Vancouver, BC, Seattle, WA, Portland, Los Angeles, CA, Vegas
The Federal Reserve is expected to cut interest rates by 25 basis points on Thursday. It follows a 50-basis-point rate cut in September — the first cut in four years. CME FedWatch, which forecasts interest rate changes based on market predictions, estimated an all-but-certain 25 basis point cut as of Friday afternoon. Advertisement"Borrowers should understand that 'falling interest rates' are not the same as 'low interest rates,'" Greg McBride, Bankrate's chief financial analyst, said in a commentary. What are your financial plans if the Fed makes another rate cut?
Persons: , Jerome Powell, Powell, Helene, Milton, Cory Stahle, Julia Pollak, Greg McBride Organizations: Federal, Service, FedWatch, Boeing, BLS, Federal Reserve, PCE, Fed, asheffey
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