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☆ Everyone wants to know what AI is worth. One investor looked to the past for the $20 trillion answer.
▼ + stars: | 2024-10-03 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +6 min

Miller's team compared AI's growth with past tech waves, finding consistent growth rates. In fact, the generative-AI wave looks a lot more like past tech waves than its revolutionary capabilities would suggest. That "rule of three" theory puts the value of the AI wave at about $20 trillion. Miller likened the AI wave to the mobile wave in about 2009, when there were few applications for the iPhone. "So the question is if compute is the primary underlying driver of economic activity, economic growth, economic opportunity, then there's an argument that it's actually bigger."

Persons: Ben Miller, Miller, Nvidia wouldn't, —, Jensen Huang, Everybody's, Anthropic's Claude, Fundrise, shortsighted, it's, We'll, they're Organizations: Nvidia, Service, Cisco, Intel, Business, Adobe, AMD, Meta, Microsoft, Bloomberg, IDC

The information for the following product(s) has been collected independently by Business Insider: U.S. Bank Altitude® Connect Visa Signature® Card, Chase Freedom Flex®, U.S. Bank Altitude® Go Visa Signature® Card, U.S. Bank Altitude® Reserve Visa Infinite® Card. U.S. Bank Altitude Connect Fees and CostsThe U.S. Bank Altitude Connect Visa Signature no longer has an annual fee. U.S. Bank Altitude Connect Frequently Asked Questions (FAQ)What credit score do I need to be approved for the U.S. Bank Altitude Connect? No, the U.S. Bank Altitude® Connect Visa Signature® Card isn't made of metal — it's a regular plastic card. If you're looking for a metal card from U.S. Bank, consider the U.S. Bank Altitude® Go Visa Signature® Card or U.S. Bank Altitude® Reserve Visa Infinite® Card instead.

Persons: HBO Max, Insider’s, HBO Max Hulu iHeart LiveOne, you'll, cardholders, Cardholders, Read, Ethan Steinberg Ethan Steinberg, Ethan, Guy, Angela Fung Organizations: Business Insider, U.S, Bank, Business, EV, Netflix, Hulu, Spotify, Apple Music, Disney, HBO, Costco, Amazon Music, Amazon, Apple, ESPN, MLB TV, Paramount, YouTube, LoungeKey, Troon, Chase Travel, Chase, United Airlines, Hyatt Hotels, Amazon.com, Discover, U.S . Bank, Finance Locations: U.S, Hyatt Hotels ., Shanghai, Asia

☆ Stocks making the biggest moves premarket: Nvidia, Levi Strauss, EVgo and more
▼ + stars: | 2024-10-03 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

EVgo — Shares advanced more than 9% after JPMorgan upgraded the electric vehicle charging company to overweight . Levi Strauss — Shares plunged 12% after the denim maker trimmed its full-year revenue guidance and delivered fiscal third-quarter revenue that missed analysts' expectations. Constellation Brands — The beverage company rose slightly on the back of better-than-expected fiscal second-quarter earnings. Revenue of $2.92 billion, however, marginally missed expectations. Stellantis — The automaker was down more than 3% in the premarket after a Barclays downgrade to equal weight from overweight.

Persons: Mizuho, Jensen Huang, CNBC's, Blackwell, Eli Lilly, Bill Peterson, Levi Strauss —, Stellantis, Henning Cosman, — CNBC's Brian Evans, Lisa Han, Jesse Pound, Sean Conlon Organizations: Mizuho, Nvidia –, U.S . Food, Drug Administration, JPMorgan, Dockers, Constellation Brands, Barclays Locations: U.S

☆ CNN requested an interview with Melania Trump. Her book publisher asked for $250,000 in exchange
▼ + stars: | 2024-10-03 | by ( Hadas Gold | Pamela Brown | ) edition.cnn.com time to read: +8 min

CNN —Nearly two months ago, CNN reached out to Melania Trump’s book publisher to request an interview with the former first lady ahead of her upcoming memoir. After several exchanges about a possible interview, the publisher sent an unusual demand last week: an interview would cost $250,000. Melania Trump’s spokesperson declined comment. Spokespeople for ABC, NBC and CBS declined to comment on whether they received a similar request for payment from Trump’s publisher. But in this case, the Trump campaign hasn’t been involved in Melania Trump’s book rollout.

Persons: Melania, ”, ” Tony Lyons, “, ” Lyons, Melania Trump’s, Donald Trump’s, Melania Trump, Trump, Lyons, Simon, Simon & Schuster, Marc Beckman, CNN –, “ It’s, Kate Anderson Brower, Grace, ” Anita McBride, George W, Bush, ” McBride, I’ve, Ainsley Earhardt, Fox’s Sean Hannity, Trump’s, it’s, Kelly McBride, Craig Newmark, Anita McBride, Casey Anthony, George Stephanopoulos, recusing, ABC’s, McBride, hasn’t, Donald Trump, CNN’s Brian Stelter Organizations: CNN, Skyhorse Publishing, ” CNN, ” Records, NDA, Simon &, American University, Fox News, ABC, NBC, CBS, Guardian, Ethics, The Poynter Institute, ABC News, Wednesday, Washington, Clinton Foundation, Poynter Institute, Trump

☆ Tesla just stopped selling the cheapest version of the Model 3 in the US. An analyst called it 'a smart strategic move.'
▼ + stars: | 2024-10-03 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +4 min

Tesla just quietly removed its most affordable Model 3 from the US lineup on its website. Analyst Dan Ives called the shift strategic, as Tesla's focus in the US remains on the Model Y. AdvertisementTesla just silently killed its most affordable version of the Model 3 sedan in the US — a good move, one bullish analyst told Business Insider. Now, the cheapest Tesla car is the Model 3 Long Range Rear-Wheel Drive, priced at $42,490. Dan Ives, an analyst at Wedbush and a longtime Tesla bull, told Business Insider that the discontinuation is "a smart strategic move" signaling a greater focus on the Long Range Model 3.

Persons: Tesla, Dan Ives, —, Elon, Ives, Nio Organizations: Service, Reuters, EV, Vehicles, China Cold Tech, US, HSBC, country's, BI Locations: China, US

☆ Oil rises as Middle East conflict deepens, gains capped by global supply outlook
▼ + stars: | 2024-10-03 | by ( ) www.cnbc.com time to read: +2 min

Oil prices ticked higher in early trade on Thursday as investors weighed the escalating conflict in the Middle East and the potential for disruption to crude flows, against an amply-supplied global market. But an unexpected build in U.S. crude inventories on Wednesday helped ease some supply concerns and curbed oil price gains. Some investors remained unfazed as global crude supplies have yet to be disrupted by unrest in the key producing region, and spare OPEC capacity tempered worries. OPEC has enough spare oil capacity to compensate for a full loss of Iranian supply if Israel knocks out that country's facilities. "The effectively available spare capacity might be much lower if renewed attacks on energy infrastructure on countries in the region happen," said Giovanni Staunovo, analyst at UBS.

Persons: derek, East, Jim Simpson, Giovanni Staunovo Organizations: Brent, . West Texas, Energy Information Administration, ANZ, East Daley Analytics, Reuters, OPEC, UBS Locations: Kuwait, Saudi Arabian, Israeli, Beirut's Bachoura, Iran, Israel, Palestine, Lebanon, Gulf

☆ The bar is high to get bearish from here, says Strategas' Jason Trennert
▼ + stars: | 2024-10-03 | 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 EmailThe bar is high to get bearish from here, says Strategas' Jason TrennertJason Trennert, Strategas Research Partners chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, state of the economy, his thoughts on the election, and more.

Persons: Strategas, Jason Trennert Jason Trennert Organizations: Strategas Research

For the whole U.S., the median rent is $1,406 and the median mortgage payment is $1,904. Cost of living comparison: Renting vs. buying by stateIn the U.S., the median rent is $1,406 and the median monthly mortgage payment is $1,904. In New York City, for example, median rent is $1,748, making it more expensive than most states, even though New York state's median rent is only $1,561. Median rent costs as a percentage of incomeIt's important to keep in mind that income also varies from state to state. Methodology: How we determined rent and mortgage costsOur median rent, household income, and mortgage payment data comes from the Census Bureau's 2023 American Community Survey 1-year estimates.

Persons: You'll, you'll, Grace, Molly Grace, Molly, Read Organizations: Hampshire, Dakota, Rhode, West Virginia, Alabama, Colorado, Indiana, Iowa, Maryland, Michigan, Montana, Nebraska, Tennessee, Washington, Survey, Business, Rocket Companies, Indiana University Locations: West Virginia , Mississippi, North Dakota, South Dakota, Kentucky, West Virginia , Arkansas , Mississippi , Indiana, Alabama, U.S, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Washington, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, Jersey, Mexico, York, Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Utah, Vermont, Virginia, Wisconsin, Wyoming, West Virginia, Dakota, New York City, New York, Hampshire

☆ Here's where OpenAI's 11 cofounders are now
▼ + stars: | 2024-10-03 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +7 min

Most of OpenAI's cofounders have left the startup, with some going to rivals. Here's where all 11 of its cofounders are now and how many remain at the $157 billion company. Here's where all of the 11 cofounders are now. According to her LinkedIn profile, she used to work at Facebook as an AI research engineer before joining Stripe as a software engineer in 2016. OpenAI and none of its 11 cofounders immediately responded to Business Insider's requests for comment, made outside normal working hours.

Persons: it's, Sam Altman, —, OpenAI, Mira Murati, Barret Zoph, Bob McGrew, Ilya Sutskever, John Schulman, Anthropic, Jason Redmond, Altman, John Schulman Schulman, OpenAI's, Jan Leike, Schulman, Wojciech Zaremba Zaremba, Zaremba, Ekon, Musk, Ilya Sutskever Ilya Sutskever, JACK GUEZ, Getty Sutskever, Sustkever, Sustskever, Greg Brockman Brockman, he's, Kingma, Andrej Karpathy Andrej Karpathy, Karpathy, Vicki Cheung Cheung, Elon, Elon Musk, ALAIN JOCARD, Brockman, cofounding OpenAI, Pamela Vagata Vagata, Trevor Blackwell Blackwell, cofounders Organizations: Here's, Service, Getty, OpenAI's Superalignment, OpenAI, Inc, Google DeepMind, Anthropic, Tesla, San Francisco Chronicle, Hearst Newspapers, Getty Images Research, Eureka Labs, SpaceX, The Boring Company, Facebook Locations: AFP, OpenAI, cofounding, Pebblebed

☆ This travel concierge's clients are worth at least $100 million. Here's how they do Las Vegas differently — from where to stay to where to eat.
▼ + stars: | 2024-10-03 | by ( Brittany Chang | ) www.businessinsider.com time to read: +7 min

Ultra-luxury travel concierge Sienna Charles' clients have an average net worth starting at $100 million. Its founder explained how its clients do Las Vegas, from the best hotels to the top restaurants. While you'd be right, you'd also be missing one key destination — Las Vegas. India said Las Vegas is a once-a-year trip for some of Sienna Charles' clients. However, unlike most attendees, Sienna Charles' clients also get VIP or backstage access tickets.

Persons: Sienna Charles, —, you'd, Jaclyn Sienna India, Eric Lo, George W, Mariah Carey, Carbone, Bauer, Griffin, Fleur de Lis, Connie Zhou, Kit Leong, Mott, Cipriani, Delilah, Rachel Askinasi, Wynn, Dine, Tayfun, Katy Perry's, Gaga's Organizations: Service, New, Hamptons, Las Vegas Convention, Visitors Authority, Fortune, AaronP, Wynn Las, butlers, Carbone's, Anadolu Agency, Getty, Resorts Locations: Vegas, Las Vegas, London, Paris, Sin, India, Nevada, Vegas India, Wynn Las Vegas, Fontainebleau's, Fontainebleau, Vegas Mott, Peking, New York, York, Las, Wellington

☆ China’s Coast Guard claims to have entered the Arctic Ocean for the first time as it ramps up security ties with Russia
▼ + stars: | 2024-10-03 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

The statement came a day after the US Coast Guard said it spotted four vessels from the Russian Border Guard and Chinese Coast Guard in the Bering Sea – the “northernmost” location it said it had ever observed the Chinese ships. A banner visible on one of the vessels in accompanying photos read “China Coast Guard devoting its heart to the Party; demonstrating loyalty in the Arctic Ocean,” referring to China’s ruling Communist Party. The US Coast Guard (USCG) on Monday said it spotted the four vessels from the Russian Border Guard and Chinese Coast Guard “transiting in formation in a northeast direction” in the Bering Sea, some five miles inside Russia’s Exclusive Economic Zone on Saturday. A China Coast Guard member pictured during recent joint drills with Russia. The coast guard collaboration “relates to Chinese interests in maritime transportation along at least parts of the Northern Sea Route,” according to Østhagen.

Persons: Russia –, China’s, ”, Megan Dean, irked, Carl Schuster, it’s, –, Sophie Arts, ” Andreas Østhagen Organizations: Hong Kong CNN, China’s Coast Guard, US Coast Guard, Russian Border Guard, Chinese Coast Guard, China Coast Guard, Communist Party, CCTV, TASS, 17th Coast Guard District, USCG, Canadian, Russia’s Federal Security Service, East China, Coast Guard, Guard, US Navy, Pacific Command’s Joint Intelligence Center, China, US Department of Defense, German Marshall Fund, Fridtjof Nansen Institute, CNN, Armed Police, Central Military Commission, Centre for High North Logistics, Norway’s Nord University Locations: Hong Kong, Russia, Beijing, ”, Bering, Alaska, Asia, North America, China, Washington, South, East, irked Beijing, Ukraine, Russian, Norway, South China, Philippines, Europe

☆ October surprises are piling up, but a toss-up race seems impervious to shocks
▼ + stars: | 2024-10-03 | by ( Stephen Collinson | ) edition.cnn.com time to read: +14 min

The trio of tests facing Harris comes with potential economic, political and humanitarian consequences if the administration errs. And the new scrutiny of Trump’s behavior after the 2020 election could cause some voters to again question his fitness for the Oval Office. Former President Donald Trump speaks during a campaign event at Dane Manufacturing in Waunakee, Wisconsin, October 1, 2024. NONE OF THIS HAPPENED WHILE I WAS PRESIDENT!” Trump wrote on Truth Social on Tuesday. But Trump has already tried to manipulate the tragedy for political gain, accusing Biden of “sleeping” following the storm.

Persons: Donald Trump, Kamala Harris, Biden, Hurricane Helene, Trump, Jack Smith, ’, Harris, Kamil Krzaczynski, Trump’s, ” Smith, Smith, ” Trump, Steven Cheung, JD Vance couldn’t, Augusta Mayor Garnett Johnson, Brendan Smialowski, Joe Biden, Helene, Amir Cohen, Hassan Nasrallah, Benjamin Netanyahu’s, Netanyahu’s, Netanyahu, “, ”, There’s, egging Netanyahu, Spencer Platt, “ Donald Trump …, Still, Mandel Ngan, they’ve, Brian Kemp, ” Biden, we’re Organizations: CNN, Oval, Dane Manufacturing, Getty, Trump, ”, Radical Democrats, Republican, Augusta, Democratic, White, Reuters, Wednesday, Democratic Party, Port, International Longshoremen’s Association, Biden, Republican Party, GOP, Raleigh Emergency Operations Center, Pentagon, National Guard, Georgia Republican Gov Locations: Hurricane, Waunakee , Wisconsin, AFP, Meadowbrook, Augusta , Georgia, Iran, Israel, United States, Tehran, Russia, Ukraine, Ashkelon, Lebanon, Gaza, Islamic Republic, Washington, Michigan, New York, Newark, Staten Island , New York, Gulf Coast, Raleigh , North Carolina, Georgia, North Carolina

☆ Why China's massive stimulus effort might not have any effect until next year
▼ + stars: | 2024-10-03 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The direct effects of China's latest stimulus may not kick in until 2025, one researcher says. That's because Beijing needs to ramp up spending in addition to monetary stimulus measures. Lower interest rates, for one, may not entice households and businesses to borrow, or banks to ramp up lending, given China's already-sluggish economic environment. In particular, Beijing needs more fiscal stimulus to go alongside its monetary stimulus measures, Huang said. Experts have warned that China's economic problems could stick around for the long term given some of the nation's deep-rooted issues, like its population decline.

Persons: —, Tianlei Huang, Huang Organizations: Service, Peterson Institute for International Economics, National, Terry Locations: Beijing

☆ Why the ‘Brooks Brothers riot’ of 2000 inspired Trump’s campaign operative in 2020
▼ + stars: | 2024-10-03 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

They were dressed supposedly in clothes from Brooks Brothers rather than whatever people in Miami might have been wearing at the time. Recalling the Brooks Brothers riotIt’s worth focusing in on the Brooks Brothers riot of 2000 and comparing it with the request for a Detroit riot in 2020. Comparisons between what the Trump campaign tried in 2020 and what the George W. Bush campaign did in 2000 are not new. Heye should know, since he was part of the Brooks Brothers riot. “Shouldn’t that remain the standard regardless of who the candidates are?”The outrage modelOthers have a dimmer view of the Brooks Brothers riot.

Persons: Donald Trump, Trump, ”, Jack Smith, Brooks, Eric Seals, Imagn Smith, Trump Smith, Tanya Chutkan, Obama, Smith, George W, Bush, Douglas Heye, Heye, ” Heye, –, Hurricane Helene, “, Julian Zelizer, ” Zelizer, Joan Biskupic, – John Roberts, Brett Kavanaugh, Amy Coney Barrett – Organizations: CNN, Trump, Republican, TCF Center, Detroit Free Press, USA, FBI, Capitol, Brooks, Republicans, Washington Post, Princeton University, GOP, US Locations: Detroit, Washington , DC, Miami, Dade, Florida, Washington, Hurricane, North Carolina, Reading

☆ UK house sales rise since the Covid-19 boom as lower mortgage rates spur activity
▼ + stars: | 2024-10-03 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

A pedestrians looks at residential properties displayed for sale in the window of an estate agents' in Windsor, west of London. LONDON — Lower mortgage rates are sparking an uptick in the U.K. housing market, following a surge in the pace of home sales last month, data showed. Shares of U.K. homebuilders Taylor Wimpey and Barratt Developments both rose more than 2.1% following the data release. Some rates for such products have dipped to 3.7%, well below the BoE's 5% key rate. Mortgage approvals rose in August to the highest level in two years in years, the Bank of England said Monday.

Persons: homebuilders Taylor Wimpey, Richard Donnell, Andrew Bailey Organizations: Barratt, Nationwide, Bank of England's, Bank of England, Bank Locations: Windsor, London, LONDON

☆ Panic buying amid U.S. ports strike is creating supermarket supply concerns
▼ + stars: | 2024-10-03 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

There is no need for panic buying, and we encourage consumers to shop responsibly. Bill Simon, former CEO of Walmart, stressed that panic buying is serious and can have a cascading effect on domestic products. "Panic buying not only impacts the availability of imported products, but domestic products as well as consumers shift their purchase behavior," warned Simon. Walmart and Target did not immediately respond to requests about any panic buying patterns identified at their stores. John Catsimatidis, owner of the NYC super chain Gristedes, said the panic buying is occurring and showing no signs of slowing down.

Persons: Stew Leonard, Jr, Stew Leonard's, restocked, Bill Simon, Simon, John Catsimatidis Organizations: CNBC, Gulf Coasts, National Grocers Association, —, of Commerce, East, National Retail Federation, Walmart, Target, NYC Locations: Gulf Coast, East Coast, Gulf, United States, U.S, Canada, Mexico, East

☆ 10 things to watch in the market Thursday, including great news from Nvidia's CEO
▼ + stars: | 2024-10-03 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

My top 10 things to watch Thursday, Oct. 3 Today's newsletter was written by the Investing Club's director of portfolio analysis, Jeff Marks. But the analysts said they would be buyers of the Club stock on weakness in 2025. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. My top 10 things to watch Thursday, Oct. 3Today's newsletter was written by the Investing Club's director of portfolio analysis, Jeff Marks. But the analysts said they would be buyers of the Club stock on weakness in 2025.

Persons: Jeff Marks, Stocks, Dow, Beer, Jensen Huang, Blackwell, Eli Lilly, Morgan Stanley, Oppenheimer, Levi Strauss, Levi, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Constellation Brands, Modelo, Corona, Constellation, Nvidia, CNBC, Club, Bank of America, Devices, Amazon, Deutsche Bank, Costco, Dockers, Barclays, PepsiCo, Jim Cramer's Charitable Locations: Northern New Jersey, Europe, Americas

See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Mortgage Refinance Rates? See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are hovering around 5.90%, according to Zillow data. Current 15-Year Mortgage RatesAverage 15-year mortgage rates are in the low 5% range, according to Zillow data. But now that inflation has decelerated and the Fed is expected to cut rates soon, mortgage rates have trended down.

Persons: Freddie Mac, it's, Fannie Mae Organizations: Fed, ADP, Bureau of Labor Statistics, Zillow, Mortgage, Association, ARM, . Government Locations: Chevron, Government

☆ What office meltdown? Developers see a shortage of high-end space and are rushing to build it.
▼ + stars: | 2024-10-03 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +12 min

Much of the office market may be mired in a downturn, but demand has been strong for high-end space. New office construction has dropped off sharply, leading to a potential upcoming shortage. That demand has persisted even as office construction has been stifled by higher interest rates and inflation, which have pushed up costs. Worries over the health of the office market have also made lenders reluctant to finance new development. 8 million square feet of that is pre-leased, meaning that there is only about 10 million square feet of upcoming available top quality space.

Persons: —, Hilary Goldfarb, Goldfarb, Crowell, there's, Scott Rechler, Rechler, Vanderbilt, Philippe Visser, CBRE, Visser, Larry Silverstein, Norman Foster, Silverstein, Randolph St, Ross, Stephen Ross, Jordan Rathlev, Rathlev, Jessica Morin, Morin, Banks, RXR, I'm, you'd Organizations: Service, Rockefeller Development, Fifth St, RXR, Skidmore, Owings, Merrill, TF Cornerstone, Grand Central, Citadel, Yards, Companies, Oxford Properties, Hudson, Hudson Yards, KKR, Meta, World Trade Center, American Express, Trade, Related's, Central Locations: Washington ,, Washington, DC, New York, San Francisco, midtown Manhattan, Manhattan, Wells Fargo, BlackRock, Lower Manhattan, Chicago, Fulton, West Palm Beach , Florida, CBRE

☆ Jobless claims rose more than forecast last week
▼ + stars: | 2024-10-03 | 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 EmailJobless claims rose more than forecast last weekCNBC's Rick Santelli joins 'Squawk Box' to report on the weekly jobless claims report.

Persons: Rick Santelli

☆ Citi gives its top picks for clients heading into the fourth quarter
▼ + stars: | 2024-10-03 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

As the fourth quarter gets underway, there are some stocks that may be poised to outperform over the next several months, according to Citi. "Now, broadening is apparent, with Value leading while Growth has not yet achieved July levels," Scott Chronert said in a Friday note to clients. Citi views newly added Ally Financial as "one of the best-positioned liability sensitive names," seeing the potential for total book value growth of 25% by the fourth quarter of next year. "While mistakes were clearly made with the '22 auto vintage, the short duration of this asset class implies ALLY will not be stuck with the problem beyond 2025," analyst Keith Horowitz wrote. Meanwhile, Citi has a buy rating on the stock, and its price target of $50 implies nearly 45% upside from Wednesday's close.

Persons: Scott Chronert, Keith Horowitz, Horowitz, Ally, Stephen Trent, Filippo Falorni Organizations: Citi, Nasdaq, Dow Jones, North America, Biosciences, Alnylam Pharmaceuticals, Ally, United Airlines, United

☆ Market expectations for inflation not corresponding to its upside risk: StoneX's Kathryn Rooney Vera
▼ + stars: | 2024-10-03 | 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 EmailMarket expectations for inflation not corresponding to its upside risk: StoneX's Kathryn Rooney VeraKathryn Rooney Vera, StoneX chief market strategist, joins 'Squawk Box' to discuss the latest market trends, state of the economy, where investors can find opportunities right now, and more.

Persons: StoneX's Kathryn Rooney Vera Kathryn Rooney Vera

☆ We move states every couple of months for my wife's work. We feel at home regardless of where we go.
▼ + stars: | 2024-10-03 | by ( Kari Porter | ) www.businessinsider.com time to read: +5 min

In 2022 my wife and I uprooted our lives and started moving for work. AdvertisementThree months ago, my wife and I stared into the living room of a new house in a new state. Not to mention, Kansas City was where I grew up. Sonoma started to feel like home. We've experienced culture shocksWe went home to Kansas City for a couple of months where we were on a high from being newly engaged and spending the holidays with family and friends.

Persons: She's, —, we've, we'd, We've, It's, we'll, I've Organizations: Service, Kansas City Locations: Pacific Northwest, Kansas City, Sonoma , California, Farmington , New Mexico, Tacoma , Washington, , Kansas City, Sonoma, Farmington, Kansas, Tacoma

World of Hyatt Loyalty BenefitsThe World Of Hyatt Credit Card has valuable benefits for Hyatt loyalists. Hyatt Credit Card FeesAnnual FeeThe World Of Hyatt Credit Card has a $95 annual fee. Hyatt Credit Card ComparisonThe World Of Hyatt Credit Card is great for Hyatt loyalists. Learn more about the Marriott Bonvoy Boundless® Credit Card in our Marriott Bonvoy Boundless credit card review, and compare your options for Marriott hotel credit cards in our guide to the best Marriott Bonvoy credit cards right now. Hyatt Credit Card Frequently Asked QuestionsWhat are the main benefits of the World of Hyatt Credit Card?

Persons: You'll, Hyatt, —, you'll, we've, Hyatt Ziva Los Cabos, Hyatt Ziva Puerto, Marriott, Harlan Vaughn Harlan Vaughn, he’s, Harlan, Read, Angela Fung Organizations: Business, Hyatt Credit, Hyatt, Hyatt —, Chase, FDIC, Hyatt Credit Card, Hyatt loyalists, Regency Club, Hyatt Ziva Puerto Vallarta, Hyatt House, MGM, American Airlines, Marriott, Ink, Travelers, Hilton, Finance Locations: Hyatt, Hyatt.com, Austin, Tucson, Massachusetts, U.S, Dallas , Texas

☆ Starbucks' new CEO wants people to hang out in stores, but some workers say his plan has a big problem
▼ + stars: | 2024-10-03 | by ( Alex Bitter | ) www.businessinsider.com time to read: +7 min

Workers say they're struggling with mobile ordersEven former Starbucks CEO Howard Schultz said in a May LinkedIn post that current Starbucks leadership should "reinvent the mobile ordering and payment platform." "We believe a visit to Starbucks should be effortless and delightful, whether ordering through the Starbucks app or at our stores." Still, some workers — whom the company calls "partners" — have pointed to issues with the mobile ordering system in interviews with BI. Starbucks' rewards program is a big driver of all those digital orders, a partner at a Starbucks store in South Dakota told BI. "They deserve to have that moment where things are corrected and they're leaving happy, but we can't deliver on it always," the partner told BI.

Persons: Brian Niccol, —, Hottovy, Howard Schultz, Niccol Organizations: Starbucks, Business, Service, Workers, LinkedIn, BI Locations: North Carolina, South Dakota, Florida

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