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☆ Amazon CEO Andy Jassy says he has a secret weapon in the AI wars
▼ + stars: | 2024-11-01 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Amazon CEO Andy Jassy said AWS gives the company a leg up in the AI race. Jassy said AWS has shown that Amazon can handle the logistics for scaling AI. AdvertisementAmazon CEO Andy Jassy on Thursday explained why he thinks the company is well-positioned to excel in AI: Amazon Web Services. Jassy talked up the cloud-computing unit on Amazon's third-quarter earnings call, defending the company's aggressive investments in AI. Amazon beat Wall Street's third-quarter expectations on revenue and earnings per share, with the stock rising 6% in after-hours trading.

Persons: Andy Jassy, Jassy, —, Sundar Pichai Organizations: Service, Web Services, Amazon, Companies, AWS, Big Tech

☆ ‘Squid Game’ Season 2 official teaser trailer drops
▼ + stars: | 2024-11-01 | by ( Amarachi Orie | ) edition.cnn.com time to read: +1 min

“Squid Game” Season 2 is on its way and Netflix has decided it’s time to give us a sneak peek at what’s to come in the second round of survival games. “There’s no stopping the game,” Netflix wrote on YouTube on Thursday as it dropped the official teaser for the new season of its hit series, which will debut on December 26. Squid Game: Season 2 | Official Teaser | NetflixThe new installment of the dystopian Korean drama – once again directed, written and produced by Hwang Dong-hyuk – will begin three years after the end of the previous game. “Gi-hun once again dives into the mysterious survival game, starting another life-or-death game with new participants gathered to win the prize of 45.6 billion won,” the synopsis adds. In July, the streaming service announced that the third season, set for 2025, will be the last.

Persons: “, –, Hwang Dong, Lee Jung, jae, Gong Yoo, Hwang, Lee Byung Organizations: CNN, Netflix, YouTube Locations: Korean

☆ Russia's struggle to kick the Ukrainians out is likely only going to get tougher
▼ + stars: | 2024-11-01 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +7 min

AdvertisementRussia's retaking territory in Kursk, but efforts to drive the Ukrainian forces out of the country will likely only get more difficult. Ukrainian troops invaded the Kursk region in southwestern Russia in August, and at one point, they held roughly 500 square miles of Russian territory. Russia's response to the shock assault was slow, but a larger effort to drive the Ukrainians out is now underway. Michael Bohnert, a warfare expert at RAND Corporation, told BI Ukraine doesn't have to defend Russian cities. Russia's military is larger than Ukraine's, which means that the more resources Russia uses, the harder it will be to defend.

Persons: —, William Alberque, Matthew Savill, YAN DOBRONOSOV, Michael Bohnert, it's, Alberque, Vladimir Putin, Ukraine would've, Savill, Russia's, Volodymyr Zelenskyy, Zelenskyy Organizations: Kursk ., Service, Stimson Center, Royal United Services Institute, UK Ministry of Defence, Getty, Russia Ukrainian, RAND Corporation, Ukraine, Ukraine's, Korean, Russian Defense Ministry Press, AP Locations: Russia, Ukraine, Kursk, Russian, Ukrainian, Sudzha, AFP, Russia's Kursk, Ukraine Ukraine, Russia's

☆ JetBlue founder says struggling airlines need to ditch barebones planes and give flyers more choices
▼ + stars: | 2024-11-01 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

Budget airlines like Spirit, Frontier, and Southwest are struggling to turn a profit. The still-in-service airlines Neeleman founded, like JetBlue Airways, Azul Brazilian Airlines, Canada's WestJet, and Breeze Airways, largely follow this idea. Historically, these strategies have been absent from the likes of Spirit, Frontier, and Southwest, which have stuck to all-economy aircraft with little choice. Southwest Airlines boats an open-seating policy where seats are first-co,me first-serve. Low-cost airlines should continue to ditch barebones planesSouthwest shouldn't be the only one to move away from historical norms.

Persons: David Neeleman, —, David Neeleman —, Thomas Pallini, haven't, Neeleman, that's, Barry Biffle, They're, we've, WestJet, Scott Kirby, doesn't, Kevin Carter, Breeze Organizations: Service, JetBlue —, Breeze Airways, Alaska Airlines, Hawaiian Airlines, Street, Frontier, Neeleman, JetBlue Airways, Azul Brazilian Airlines, JetBlue, Southwest Airlines, Morris Air, Spirit, Airbus Locations: Southwest, Frontier, Breeze

☆ Is this the deal to end Boeing’s crippling 7-week strike?
▼ + stars: | 2024-11-01 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +10 min

New York CNN —More than 30,000 Boeing workers will vote again Monday on whether or not to end a crippling seven-week strike. The deal is not significantly different from an offer rejected by nearly two-thirds of membership just over a week ago. And it happened 10 years ago at Boeing, when about two-thirds of members rejected an offer that ended the pension plan. Despite its many problems, Boeing is a major force in America economy, and it is the largest American exporter. Ending the strike is important for Boeing’s new CEO, Kelly Ortberg, who started in the job just five weeks before the strike began.

Persons: it’s, ”, “, John Deere, “ It’s, Brandon Felton, we’ve, Jon Holden, haven’t, ” Holden, you’ve, ’, hasn’t, Lindsey Wasson, Holden, What’s, Max fuselages, David Ryder, they’ve, Kelly Ortberg, Ortberg, “ Ortberg Organizations: New, New York CNN, Boeing, International Association of Machinists, Labor, ” Union, United Auto Workers, CNN, IAM, ”, Anderson Economic Group, Anderson, Reuters, Alaska Airlines Locations: New York, Michigan, Seattle, America

☆ For first time in six decades, freight rails split on union negotiation strategy
▼ + stars: | 2024-11-01 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

He added, "Votes of union workers in the United States against tentative agreements tend to reflect the white-hot anger of union employees against their employers. Tentative agreements are their only chance for them to express their frustration with their employer and their anger at the way they have been treated." A BNSF spokesperson said it is planning to attend the formal national labor negotiations even as it has announced nine tentative union agreements, five of which have already been ratified. It also has tentative agreements with the International Brotherhood of Electrical Workers (IBEW), SMART-TD, SMART-TD-YDM (Yardmasters Department), the International Brotherhood of Boilermakers, and Iron Ship Builders (IBB). To date, Norfolk Southern has reached tentative agreements with 10 of its 13 unions, covering approximately 67% of its craft workforce.

Persons: Berkshire Hathaway, Jeremy Ferguson, Ferguson, Joe Biden, Richard Edelman, Mooney, Green, Murphy, Welch, Daniel Imbro, Stephen, Brotherhood of Railway Carmen, we've, Mark George, Imbro, it's Organizations: Union Pacific, CSX, BNSF, Canadian Pacific, Canadian Pacific Kansas City —, SMART, Railway Labor, National Carriers ' Conference Committee, Railroads, NSC, National Conference of Firemen, Oilers, Tran, Transportation Communications Union, TCU, Brotherhood of Railway, International Brotherhood of Electrical Workers, Yardmasters Department, International Brotherhood of Boilermakers, Iron Ship Builders, Norfolk, Norfolk Southern, National Carriers ' Locations: Southern, Berkshire, Canadian Pacific Kansas, United States, Norfolk Southern, Norfolk

☆ Israel plans to use lasers to shoot down incoming missiles
▼ + stars: | 2024-11-01 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +7 min

Dubbed the Iron Beam, the shield aims to use high-power lasers to counter an array of projectiles, including missiles, drones, rockets and mortars, Israel’s defense ministry said this week. “The initial capability of the ground-based laser system… is expected to enter operational service within one year,” he said. Israel first unveiled a prototype of the Iron Beam in 2021 and has since been working to get it up and running. From Social MediaIt is unclear if Iran has developed a laser defense system of its own. Experts say the Iron Beam could also act as a deterrent to further attacks by Iran or its proxies.

Persons: ” Eyal Zamir, ”, Israel, Benjamin Netanyahu’s beachside, Yehoshua Kalisky, Rafael, Naftali Bennett, ” Sascha Bruchmann, Kalisky, Benjamin Netanyahu's, Hunter, Bruchmann, Israel “, ” Bruchmann Organizations: CNN, Rafael, Defense Systems, Elbit Systems, Israel’s, Institute for National Security Studies, Israel Defense Forces, Rafael Advanced Defense Systems, ”, Institute for Strategic Studies, US Navy, Pentagon, New York Times, Hamas, Times . CNN Locations: Iran, Israel, Gaza, Lebanon, Yemen, Syria, Iraq, Caesarea, Lebanese, Tel Aviv, London, United Kingdom, China, Russia

☆ Expect the unexpected in the jobs report
▼ + stars: | 2024-11-01 | by ( Alicia Wallace | ) edition.cnn.com time to read: +11 min

In any other month, the finishing touch would be a clean reading on the labor market from the official jobs report. However, a common thread among economists is that the strikes and hurricanes could take a 100,000-job bite out of the October jobs report. The last time there were back-to-back major hurricanes — Harvey and Irma in 2017 — the forecasts for the following month’s jobs report were for a loss of 33,000 positions. And each contribute to two of the biggest numbers in the monthly jobs report. A key date to keep in mind for the jobs report is October 12, as it anchors the “reference period” for both surveys.

Persons: ’, Claudia Sahm, “ It’s, That’s, aren’t, FactSet, Joe Brusuelas, — Harvey, Irma, Sahm, Oliver Allen, Milton, ”, Harris, Kamala Harris, Donald Trump’s, We’re, Biden, Jared Bernstein, Joe Biden’s, “ Organizations: CNN, Boeing, Reserve, New Century Advisors, Labor, Survey, Bureau of Labor Statistics, of Labor, Challenger, ADP, BLS, RSM, Pantheon Macroeconomics, Republicans, The New York Times, Siena College, Associated Press Locations: Washington and Oregon

Peloton announced that Ford executive Peter Stern will join the company as its new CEO. The fitness company is betting Stern can help turn things around. He's expected to focus on trimming spending and retaining current Peloton subscribers. Peloton announced in May 2024 that CEO Barry McCarthy would be stepping down. McCarthy's departure came as the fitness company announced it was cutting around 15% of its workforce.

Persons: Peter Stern, Stern, —, Simeon Siegel, Neil Saunders, Saunders, Siegel, Scott Markman, Barry McCarthy, Everest Organizations: Ford, Service, Capital Markets, GlobalData, Apple

☆ Soda is making a comeback
▼ + stars: | 2024-11-01 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

Cans of Dr Pepper soda are displayed on June 3, 2024 in San Anselmo, California. While consumers are drinking more Coke, Coke Zero, Dr Pepper and Canada Dry, Pepsi’s soda sales are struggling. ‘Diet Coke Break’“Dirty soda,” a popular TikTok trend that combines soda with syrup and cream, has also driven interest in soda brands among younger consumers interested in creating their own soda concoctions. TikTok has also recently become filled with “Dirty Diet Coke,” “Crispy Diet Coke” and “DietCokeBreak” recipe videos where people leave cans of Diet Coke in the fridge for weeks and then pour them into a glass, sometimes with citrus powder, to get the most fizziness. Singer Dua Lipa gave Coke its latest viral hit this month when she posted a video sharing her Diet Coke recipe, which combines Diet Coke, pickle juice and jalapeño sauce.

Persons: guzzling Coke, Dr Pepper, It’s, ”, Robert Ottenstein, “ There’s, Coke, Pepper, Justin Sullivan, ” Timothy Cofer, Duane Stanford, Noam Galai, Laura Schmidt, Pepper’s, Cofer, Angus Mordant, Singer Dua Lipa, Gordon Ramsay, ” Kristen Hollingshaus, “, Diet Coke, CNN’s Ramishah Maruf Organizations: New, New York CNN, Consumers, Heineken, ISI, Centers for Disease Control, Evercore ISI, World Health Organization, Bureau of Labor Statistics, Companies, Pepsi, Beverage Digest, New York, Wine, Food Festival, Stanford, University of California, PepsiCo Inc, Bloomberg, Getty, PepsiCo, Gatorade, Netflix, Dirty, Singer Dua, Coke, CNN, Diet Locations: New York, San Anselmo , California, America, Canada, Latham , New York, United States, TikTok

☆ American Battleground: The fight to the finish — and what lies beyond the 2024 campaign
▼ + stars: | 2024-11-01 | by ( Tom Foreman | ) edition.cnn.com time to read: +25 min

“Do you think Donald Trump is a fascist?” Anderson Cooper asked her in a CNN town hall just two days earlier. They are indeed the ‘enemy from within.’”Former President Donald Trump addresses the crowd during his campaign rally at New York’s Madison Square Garden on October 27. You’re a sh*t vice president.’”It’s crude, it’s rude, but for Trump’s campaign it is right on target. “We know what Donald Trump wants,” Harris says in DC just outside the vice presidential residence. As Trump’s 2020 campaign communications director Erin Perrine puts it, “Donald Trump is a political anomaly.

Persons: Joe Biden, Donald Trump, Read, Trump, Kamala Harris, ” Anderson Cooper, “, ” Harris, Rebecca Wright, John Kelly, Trump “, Defense James Mattis, John Bolton, Mark Esper, Bob Woodward, Staff Mark Milley, Republican Sen, Lindsey Graham, Mitch McConnell, Mike Johnson, ”, Harris, ” “, Tony Hinchcliffe, Puerto Rico, ’ ”, Anna Moneymaker, ” Trump, Ezra Klein, Maggie Haberman, He’s, Edward, Isaac Dovere, …, ” Demonizing Harris, Frank Luntz, CNN’s, Michael Duncan, you’ve, Erick Erickson, Arnold Palmer’s, ’, Jenny Kane, Jeff Zeleny, Gloria Borger, he’s, Russia’s Vladimir Putin, Kim Jong, “ She’s, Eva McKend, ” Zeleny, CNN’s Laura Coates, Biden, ” Coates, Julia Roberts, Eminem, Oprah, Beyonce, Michelle Obama, CNN’s Dovere, Barack Obama, Jonathan Drake, Reuters Trump, ” McKend, Erin Perrine, “ Donald Trump, Daniel Dale, Hurricane Helene, Mike Pence, “ Let’s, Let’s, Sinéad O’Connor, Hillary Clinton, We’ve, Norm Eisen, Eisen, – Trump, –, Stephanie Cutter, Evelyn Hockstein, Reuters Harris, Abraham Lincoln Organizations: CNN, Los Angeles Dodgers, New York Yankees, ABC, ”, Trump, Trump’s, New York Times, Defense, Joint Chiefs, Staff, Republican, Marxist, Madison, Democratic, Puerto Ricans, New, Garden, GOP, Fox, WIN, Political, Illegal Voters, The New York Times, ” CNN, Fox News, Reuters, Biden, Univision, Capitol, “, United States Capitol Locations: Delaware County , Pennsylvania, York City, Puerto, Mexico, Portland , Oregon, Pennsylvania, DC, Georgia, In Michigan, Detroit, Charlotte , North Carolina, Trump, Hurricane, Madison, Washington ,

☆ Hurricane season to reawaken in its final month
▼ + stars: | 2024-11-01 | by ( Mary Gilbert | ) edition.cnn.com time to read: +4 min

CNN —Halloween may be over, but hurricane season still has a few unsettling tricks left in its final month. Three tropical trouble spots bear watching in the Atlantic basin in the coming days as a strange hurricane season continues to defy expectations. CNN WeatherThe US Gulf Coast could finally have some atmospheric protection on its side after multiple devastating hurricane strikes this season. This season is above average in terms of named storms, hurricanes and major – Category 3 or stronger – hurricanes. Hurricane season officially ends on November 30, but tropical systems aren’t bound by that date.

Persons: Patty, Rafael, Sara, It’s, it’s, Michael Lowry, Helene, Milton Organizations: CNN, National Hurricane Center, Central America, Storm, Puerto Rico Thursday, Virgin, NOAA, Hurricane Locations: Caribbean, of Mexico, Central, Puerto, Puerto Rico, Virgin Islands, Hispaniola, Gulf, Mexico

In the previous presidential election, more than 3 million Pennsylvanians requested mail-in ballots and 85% – just over 2.6 million – voted by mail. To date, more than 2 million people have requested mail-in ballots in Pennsylvania and so far, 71% – over 1.5 million – have returned them. In one transaction, voters apply for, complete and submit their mail-in ballot at a designated election site before Election Day. “A handful of people were allegedly turned away from early voting lines in Bucks County. The county responded by agreeing in court to additional days, not just hours, of early voting,” the senior official said.

Persons: Donald Trump, Trump’s, it’s, ” Jon Sherman, Trump, “ There’s, ”, Dan Mallinson, Vance, ” Vance, Harris Organizations: Pittsburgh CNN, Elections, Republicans, Republican, Penn State, Democratic Locations: Pennsylvania, Bucks County, Philadelphia, Keystone, Pennsylvania’s, Penn State Harrisburg, Allegheny County, Bucks

☆ Why Wall Street is skeptical about Comcast's proposal to ditch its cable networks and pair Peacock with a competitor
▼ + stars: | 2024-11-01 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Comcast's Mike Cavanagh said the company will explore ditching its cable networks. AdvertisementComcast said this week it might separate from its cable networks and marry off its streaming service. Mike Cavanagh, Comcast's president, floated the idea Thursday of spinning out cable networks like CNBC and MSNBC into a new firm while holding on to NBC. Several industry analysts said that Comcast could increase its valuation by divorcing itself from its declining cable networks, as it would help emphasize its burgeoning streaming business. "The cable networks likely have little value on their own.

Persons: Comcast's Mike Cavanagh, Peacock, —, Mike Cavanagh, Cavanagh, Jessica Reif Ehrlich, isn't, John Hodulik, Craig Moffett, Moffett, Insider's Peter Kafka, Michael Hodel, Tim Nollen, Rich Greenfield, Greenfield, it's, David Zaslav, WBD, NBCU, Brandon Katz, Max, Katz Organizations: Wall Street, Service, Comcast, CNBC, MSNBC, NBC, Disney, ABC, Bank of America, Warner Bros, UBS, Morningstar, Lightshed Partners, Starz, WBD's, NBA, Paramount, Max Locations: MoffettNathanson, USA

☆ Nearly 200,000 people are on the waitlist to try out a new Gen Z messaging app that launches next week
▼ + stars: | 2024-11-01 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

Daze, a messaging app aimed at middle and high schoolers, has 187,000 people on its waitlist. Daze CEO Willem Simons told BI that middle and high schoolers are increasingly looking to interact creatively. AdvertisementAn upcoming messaging app for Gen Z looks a lot different than your typical iPhone or WhatsApp conversation. Simons told BI that the app is aimed at middle schoolers and high schoolers. The 27-year-old, who has cofounded other startups, including the messaging app Muze, said he grew up in a somewhat rural environment and couldn't always be in person with friends.

Persons: Willem Simons, —, It's, Simons, it's Organizations: Service, Facebook, Business, Apple Locations: Emarketer

☆ Losing GPS could cost billions, so the Space Force is having companies like Astranis build a backup network
▼ + stars: | 2024-11-01 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

Pentagon leaders believe those losses are a conservative estimate, leading the U.S. Space Force to kick off a roughly $2 billion satellite program known as the Resilient Global Positioning System. Called R-GPS for short, the program is intended to provide an alternative, backup network for the current satellite system. Last month, the branch awarded four companies with contracts for R-GPS design concepts: Astranis, Axient, L3 Harris and Sierra Space. The R-GPS planSpace Force used a novel Pentagon funding authority, called "Quick Start," to get the R-GPS program going. A rendering of a Nexus satellite in orbit.

Persons: Justin Deifel, Deifel, Harris, We've, John Gedmark, Astranis, Gedmark, they've, … We've Organizations: U.S . Air Force, GPS, Commerce Department, Pentagon, U.S . Space Force, Force's, Systems Command, CNBC, Space Force, Sierra Space, U.S, Department of Defense, Force, of Defense Locations: U.S, Russia, China, Sierra

☆ What daylight-saving time does to your body and brain
▼ + stars: | 2024-11-01 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +8 min

AdvertisementSummer is over, and this Sunday it's time to turn back the clocks, ending daylight-saving time for the year. "That's how fragile and susceptible your body is to even just one hour of lost sleep," sleep expert Matthew Walker, author of "How We Sleep," previously told Business Insider. Some lawmakers want permanent DST — others want standard time year-roundThe political debate over DST is fierce, unscientific, and deeply divided. In the 2018 midterms, voters opted to get rid of the annual clock change, to be in permanent daylight-saving time. Switching to permanent DST requires a green light from Congress, but states do not need federal approval to switch to permanent standard time.

Persons: —, it's, Matthew Walker ,, That's, GOP Sen, Marco Rubio, Rubio, Akinbolaji Organizations: Service, American Medical Association, DST, Sleep Research Society, National Conference of State Legislatures, Protection, GOP, Senate, University of Minnesota Medical School Locations: Germany, Europe, Hawaii, Arizona, Indiana, Finland, California

☆ Stocks making the biggest moves midday: Intel, Amazon, Boeing, Chevron and more
▼ + stars: | 2024-11-01 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

The company posted earnings of $1.88 per share, excluding items, on revenue of $52.28 billion. Analysts polled by FactSet called for adjusted earnings per share of $1.62 on revenue of $50.90 billion. Intel — Shares popped 9% after the chipmaker topped third-quarter earnings estimates and shared upbeat quarterly guidance. The company posted adjusted earnings of 17 cents per share on $13.28 billion in revenue. Chevron also returned a record of more than $7 billion to shareholders in the quarter through buybacks and dividends.

Persons: Health —, Cardinal, FactSet, Atlassian, Donald Trump, Ernst, Ernst & Young, Avis, —, Alex Harring, Brian Evans, Michelle Fox Theobald, Sean Conlon, Samantha Subin Organizations: Health, Boeing —, Intel, Amazon, Web Services, Apple —, Trump Media & Technology Group, Communications, Abbott Laboratories, Abbott, Ernst &, Avis Budget, LSEG, Chevron Locations: Europe, buybacks

☆ Super Micro's 44% plunge this week wipes out stock's gains for the year
▼ + stars: | 2024-11-01 | by ( Ari Levy | ) www.cnbc.com time to read: +4 min

Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. The company's recent challenges date back to August, when Super Micro said it would not file its annual report on time with the SEC. Super Micro disclosed on Wednesday that Ernst & Young had resigned as its accounting firm just 17 months after taking over from Deloitte & Touche. That's up from $2.1 billion a year earlier and $1.9 billion in the same fiscal quarter of 2023. WATCH: I don't know if Super Micro is guilty or innocent, says Jim Cramer

Persons: Charles Liang, Dow Jones, Ernst, Young, Ernst & Young, Jim Cramer Organizations: Super, Computer Inc, Super Micro, Nasdaq, U.S, SEC, Hindenburg Research, Street, Department of Justice, Deloitte, Touche, CNBC, Ernst, Argus Research, Justice Department, Micro Locations: Taipei, Taiwan

☆ Stocks making the biggest moves premarket: Amazon, Apple, Atlassian and more
▼ + stars: | 2024-11-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Apple — Shares dropped 1.6% even after the technology giant surpassed top-and-bottom line estimates for the recent quarter, and showed 6% revenue growth. Avis Budget — The car rental company slipped 1.5% after posting third-quarter earnings that fell short of Wall Street's estimates. Chevron topped Wall Street's third-quarter estimates and returned more than $7 billion to shareholders during the period through buybacks and dividends. Juniper Networks posted preliminary third-quarter earnings and revenue that topped estimates, but did not provide financial guidance for 2024, citing its pending acquisition by Hewlett Packard Enterprise . Revenue of $1.33 billion topped the FactSet estimate of $1.26 billion.

Persons: Atlassian, FactSet, Abbott, Ernst, Young, Wall, LSEG, —, Jesse Pound, Sean Conlon, Pia Singh, Sarah Min Organizations: Amazon Web Services, Apple —, Intel —, LSEG, Abbott, Boeing —, . Avis Budget, Chevron, Exxon Mobil —, Exxon, Juniper Networks, Hewlett Packard Enterprise Locations: Europe, Missouri

☆ Cramer's week ahead: The election, Fed decision and earnings from Super Micro, Arm, Qualcomm and CVS
▼ + stars: | 2024-11-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +3 min

CNBC's Jim Cramer on Friday walked investors through next week's market action, highlighting the Federal Reserve's next meeting and earnings from Super Micro Computer. Despite the slew of earnings next week, Cramer said the presidential election will steal Wall Street's attention. Tuesday marks election day, and the polls remain deadlocked between Vice President Kamala Harris and former President Donald Trump. Cramer called Super Micro Computer's report "the most intriguing story" next week as shares declined recently when the tech company's auditor, Ernest & Young, resigned. The Fed will issue its decision on interest rates Thursday, and Cramer said the central bank needs to make a cut.

Persons: CNBC's Jim Cramer, Cramer, Berkshire Hathaway, —, Warren, Buffett, Kamala Harris, Donald Trump, Ferrari, Ernest & Young, David Joyner, he's Organizations: Micro, Berkshire, Constellation Energy, Builders FirstSource, Ferrari, CVS, Qualcomm, Fed, Arista Networks Locations: China, America

☆ Watch Friday's full episode of the Halftime Report — November 1, 2024
▼ + stars: | 2024-11-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Friday's full episode of the Halftime Report — November 1, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.

Persons: CNBC's Scott Wapner Organizations: CNBC PRO

☆ Wendy's is closing another 140 'outdated' stores as it looks to build out new higher-tech locations
▼ + stars: | 2024-11-01 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Wendy's says will close 140 "outdated" stores this year, leaving its growth count flat for 2024. Wendy's is in the home stretch of a redesign that features new tech and drive-thru improvements. The fast-food chain said Thursday that it will close 140 "outdated" stores in underperforming areas this year, ahead of schedule. Wendy's has 7,000 worldwide locations, and previously said it expected to close around 100 locations this year. AdvertisementTanner said annual sales and profit margins at the closing locations are far below the overall company average.

Persons: Wendy's, —, Kirk Tanner, Tanner, Gunther Plosch Organizations: Service

☆ A new way for Russia to cement its hold on Ukraine: dirt-cheap mortgages
▼ + stars: | 2024-11-01 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

A major Russian bank launched a 2% mortgage rate that is available only in occupied Ukraine. The incentive is in keeping with other Russian attempts to cement its hold on occupied Ukraine. AdvertisementRussia is debuting a rock-bottom mortgage rate with a catch: it's only available if you live in a warzone. "The aim is to consolidate Russia's long-term presence — through 30-year loans, which is highly unusual in Russia — in the occupied Ukrainian regions," she told Business Insider. Ukraine says Russia has offered financial incentives, up to 5 million rubles or $51,000, to Russians who move there.

Persons: —, VTB, Agathe Demarais, topsy Organizations: Service, Russia's VTB Bank, NATO, geoeconomics, European Council, Foreign Relations, Reuters Locations: Russian, Ukraine, Russia, Luhansk, Donetsk, Ukrainian

☆ Trump and Harris portfolios to play the election winner, according to Strategas Research
▼ + stars: | 2024-11-01 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

"The differences between Trump and Harris are as wide as we have ever seen." Differences in trade policy specifically, he said, are going to "determine where growth and earnings take place around the world." In contrast to Trump's trade policy, reduced trade tensions under Harris could lead to gains for FedEx , which has advanced more than 8% this year. During that debate, Harris also accused Trump of gearing up to abandon support of Ukraine. If Harris were to win the election, Clifton believes RTX is beneficiary of continued U.S. support of Ukraine.

Persons: Strategas, Donald Trump, Kamala Harris, Daniel Clifton, Harris, Clifton, Lazard, Trump, RTX Organizations: U.S, NBC, Trump, Republican, Basel III, Nasdaq, FedEx, Biden, NextEra Energy Locations: China, Basel, India, Cleveland, Southern, Ukraine, U.S

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