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☆ How AI is closing talent gaps by focusing on skills
▼ + stars: | 2024-10-15 | by ( Sponsor Post | ) www.businessinsider.com time to read: +8 min

There's good reason to adopt a skills-first strategy: Hiring managers who practice skills-first hiring find it twice as easy to find qualified candidates than hiring managers who do not. But the advancement of generative AI has the potential to change that. To use AI effectively for skills-first hiring, talent professionals must understand how models have been developed and trained and audit and monitor those models for bias. Indeed's Smart Sourcing generative AI provides an explanation of the candidate's potential overlapping qualifications with the employer's job description. As crucial as AI will be to skills-first hiring, talent acquisition, and management always starts and end with humans.

Persons: Liz Voigt, Hannah Calhoon, That's, Calhoon, It's, They'll, that's, Voigt, it's Organizations: Statistics Canada, Jobs, Insider Studios Locations: Canada, Ontario

☆ Black Economic Alliance co-chair Charles Phillips on VP Harris' plan to empower black men
▼ + stars: | 2024-10-15 | 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 EmailBlack Economic Alliance co-chair Charles Phillips on VP Harris' plan to empower black menCharles Phillips, Recognize co-founder and managing partner and Black Economic Alliance co-chair, joins 'Squawk Box' to discuss Vice President Kamala Harris' plan to give black men more economic opportunities, why he's supporting VP Harris, the Harris economic agenda, and more.

Persons: Charles Phillips, Harris, Kamala Harris Organizations: Economic Alliance, Black Economic Alliance

☆ I broke into venture capital at 22 and became a partner by 28. I learned one easy, surefire way to move up the ranks.
▼ + stars: | 2024-10-15 | by ( Suzanne Reilley | ) www.businessinsider.com time to read: +8 min

Olivia Gaudree started working at Fuel Venture Capital as an intern in her early 20s. She worked her way up the ranks and became a partner in under seven years at 28. AdvertisementThis as-told-to essay is based on a transcribed conversation with Olivia Gaudree, a 28-year-old partner and VP of Operations at Fuel Venture Capital. Networking helped me land my job in venture capitalAt my high school hedge fund internship, I met Maggie Vo, now the managing general partner at Fuel Venture Capital, and got to know her well. Some firms offer entry-level positions within the investment team, but they aren't common.

Persons: Olivia Gaudree, Gaudree, —, Maggie Vo, Maggie, Jeff Randsell, he'd, Merrill Lynch, I'm, I've, it's, It's Organizations: Fuel Venture, Service, Fuel Venture Capital, Business, Florida State University, Thomson Reuters, Networking, Fuel Locations: New York

☆ Google is taking the nuclear option to power soaring demand for AI. Here's why it's such a big deal.
▼ + stars: | 2024-10-15 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

The search giant has struck a deal to bring new nuclear plants online to power its AI data centers. Google became the first tech giant to broker a deal for entirely new nuclear power plants after it unveiled a partnership with industry firm Kairos Power on Monday. AdvertisementGoogle CEO Sundar Pichai had previously hinted that his company was evaluating investment opportunities in nuclear power. That 86-page report didn't mention nuclear power, bar a single endnote. AdvertisementBy one estimate, a search request on OpenAI's buzzy chatbot demands around 10 times as much electricity as a general Google search.

Persons: —, Power, Sundar Pichai, Justin Sullivan, Getty, Michael Terrell, Ethan Mollick, FQtUsE0L9d, lChspwoZjC, OpenAI, Yann LeCun, Sam Altman, Altman Organizations: Google, Service, Big Tech, Wharton, Microsoft, Constellation, Amazon, Talen Energy, Susquehanna, Electric, Helion Energy Locations: East Tennessee, Baltimore, Pennsylvania, Davos, Big

☆ I started my higher education at a community college and now have a six-figure job at a tech company. You don't need to have it all figured out in the beginning.
▼ + stars: | 2024-10-15 | by ( Kaila Yu | ) www.businessinsider.com time to read: +7 min

AdvertisementThis as-told-to essay is based on a conversation with Jen Lew, a 44-year-old business operations director based in San Francisco, about her career journey. I didn't know what to major in, so I figured I'd start with a more cost-effective community college and transfer to a state college in two years. Now, I'm a business operations director at LinkedIn without an MBA or Ivy League education. I didn't know what I wanted to do and was willing to take any job. After about two years in product management, LinkedIn contacted me directly about their global ad operations job.

Persons: Jen Lew, Lew's, —, It's, Ziff Davis, I'm, Manseen Logan Organizations: Safeway, Service, San Mateo City College, San Francisco State University, Ivy League, Metareward, Yahoo, LinkedIn Locations: San Francisco, Metareward, New York, mlogan

☆ Consider exposure to alternative investments to improve risk-adjusted return, says Baird's John Taft
▼ + stars: | 2024-10-15 | 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 EmailConsider exposure to alternative investments to improve risk-adjusted return, says Baird's John TaftJohn Taft, Baird vice chair, joins CNBC's Halftime Report to discuss opportunities in alternative investing, how he's rethinking the tradition 60-40 portfolio, and more.

Persons: Baird's John Taft John Taft, Baird

☆ We moved from NYC to Raleigh. I didn't think I'd be happy in a smaller Southern city, but it's exceeded my expectations.
▼ + stars: | 2024-10-15 | by ( Elliott Harrell | ) www.businessinsider.com time to read: +5 min

After years of living in highly populated cities, my husband and I moved to Raleigh, North Carolina. AdvertisementI grew up in a small city in South Carolina and went to college in rural Virginia. Here are a few of my favorite things about life in the Southern city. The best part is that we pay less a month for our mortgage than we did for our small NYC rental. Restaurants and chefs from Raleigh are routinely nominated for James Beard awards, and I'd pit some of our favorite eateries against NYC hot spots.

Persons: —, Elliott Harrell, I've, it's, There's, William B, we've, James Beard Organizations: Raleigh, Service, NYC Locations: Raleigh , North Carolina, South Carolina, Virginia, Washington, DC, Sydney, San Francisco, New York City, North Carolina, Raleigh, New York, Southern, Raleigh There's, greenways, There's, Brooklyn

☆ Chokhani: India provides a 'plethora of opportunities' for growth
▼ + stars: | 2024-10-15 | 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 EmailChokhani: India provides a 'plethora of opportunities' for growthManish Chokhani, director at ENAM Holdings sees a strong trend of MNCs repositioning their portfolios to favor India, driven by India's higher growth prospects compared to developed markets. He touts India's welcoming environment for global companies, and highlights multiple sectors that have great growth prospects.

Persons: Manish Chokhani Organizations: ENAM Holdings Locations: India

☆ I almost dropped out of high school and attended community college. I now have a six-figure job at a tech company.
▼ + stars: | 2024-10-15 | by ( Kaila Yu | ) www.businessinsider.com time to read: +7 min

☆ Daniel Maldini makes history by becoming third generation to represent Italy
▼ + stars: | 2024-10-15 | by ( Ben Church | ) edition.cnn.com time to read: +4 min

CNN —Daniel Maldini became the third generation of his family to represent Italy on Monday, as the Azzurri thrashed Israel 4-1 in the UEFA Nations League. Paolo Maldini made 126 appearances for Italy during his glittering career, making him the third highest capped player for Italy. Cesare Maldini, meanwhile, played 14 times for Italy – his last appearance came over 61 years ago. Italy was already 3-1 up when he was introduced in the second half. Davide Frattesi’s strike and another goal from Di Lorenzo secured the win to ensure Italy remained top of Group A2.

Persons: CNN — Daniel Maldini, Paolo, Cesare, –, Paolo Maldini, Cesare Maldini, Italy –, ” Daniel, Mateo Retegui, Giovanni di Lorenzo, Mohammad Abu Fani, Davide Frattesi’s, Di Lorenzo, Youri Tielemans, William Saliba, Les Bleus, Belgium’s Wout Faes, Randal Kolo Muani, John Thys, Kolo Muani, Aurélien Tchouaméni, Jamie Leweling, Arda Güler, Orri Óskarsson, Kahveci, Hakan Çalhanoğlu, Anton Brink, Andri, Güler, Muhammed Kerem Aktürkoğlu Organizations: CNN, Israel, UEFA Nations League, AC Milan, Italy, Serie A, Monza, France, Nations League, Red Devils, Getty, Belgium, Turkish, Turkey, Iceland, Crescent Stars Locations: Italy, Udine, France, Belgium, AFP, Germany, Netherlands, Iceland, Turkey, Wales

☆ I have 6 short-term rental properties. People think real estate is passive income, but I disagree.
▼ + stars: | 2024-10-15 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +8 min

Alongside her partner Philippe, she now has six short-term rental properties. AdvertisementThis as-told-to essay is based on a transcribed conversation with Kerri Gibson, 48, based in Orford, Quebec, about her short-term rental business, Chalets Hygge. Some people consider getting into real estate as a source of passive income, but I wouldn't say it's passive at all. We funded the downpayment through an equity release in the form of a mortgage on our personal home turned short-term rental. Real estate has historically been thought of as passive income, running short-term rentals is not passive.

Persons: Kerri Gibson, Philippe, Gibson, —, I'd, Votre Histoire.co Philippe, We've, COVID, there'll Organizations: Service, Business Locations: Orford , Quebec, Airbnb, CA75,000, CA188,000, Vancouver, Quebec, Montreal, Orford, OTAs

☆ 33-year-old brings in an average of $20,910 a month as a voiceover artist: Some days ‘I'm working 4 hours’
▼ + stars: | 2024-10-15 | by ( Gili Malinsky | ) www.cnbc.com time to read: +4 min

She'd never considered voiceover work but "I have sort of a policy in my life," she says, "which is, if something is interesting, I say yes to it." She ended up booking the role, which covered the cost of her rent, she says, and realized voiceover work could be a good moneymaking avenue. Carroll has since built up a robust, full-time career as a freelance voiceover actor. "In my first year on Fiverr," Carroll says, "I think I made, like, $60,000. 'Minimum every day I'm working four hours'Carroll has now made nearly $1 million on Fiverr through her work.

Persons: Victoria Carroll, Carroll, Theresa, She'd, I've, Coke, who's, She's Organizations: Apple, Nike, National Geographic, Adidas, Pepsi, Google, Shure, Victoria, Victoria Carroll Demand Locations: London, New York, L.A, Czech Republic, Prague, Fiverr

☆ Two pioneering Black CEOs have a warning for companies abandoning diversity
▼ + stars: | 2024-10-15 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

But opponents ignore both the history of so-called meritocracy, and the fact that DEI programs benefit business, Frazier and Chenault argue. But they said opponents have weaponized select examples of diversity programs that are not practiced widely to oppose DEI entirely. Brandon Bell/Getty ImagesMeanwhile, conservative legal groups are now filing lawsuits targeting companies’ diversity initiatives, and Republican leaders like Florida Gov. Frazier and Chenault said there was a split between companies that rushed to create diversity programs in the wake of George Floyd’s murder in 2020 and companies that have embedded these programs into their business. “For those companies that had integrated DEI into the way they do business, fundamentally, it’s marbled into the meat, so to speak.

Persons: Ken Frazier, Ken Chenault, Ken Chenault’s, John Deere, Davidson, Bud Light’s, Frazier, ” Frazier, America’s “, Elon, Chenault, Roy Vagelos —, — Frazier, Vagelos, weren’t, Merck, —, ” Chenault, don’t, George Floyd, Brandon Bell, Ron DeSantis, Arkansas Sen, Tom Cotton, Bud Light, Robby Starbuck, Starbuck, George Floyd’s, They’re, ” Organizations: New, New York CNN, America, Merck, Black, American Express, Fortune, CNN, Corporate America, Tractor Supply, Boston Consulting Group, DEI, Revelio Labs, White, ” Companies, McKinsey, Republican, Florida Gov, Disney, Nike, Harley Locations: New York, Philadelphia, America, Arkansas

☆ We want clarity and certainty to invest in the UK, BNY CEO says
▼ + stars: | 2024-10-15 | 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 EmailWe want clarity and certainty to invest in the UK, BNY CEO saysRobin Vince, the CEO of BNY, discusses investment opportunities at the U.K. International Investment Summit.

Persons: Robin Vince Organizations: International Investment Summit

☆ Ericsson shares jump 7% on third-quarter beat, growth in North America sales
▼ + stars: | 2024-10-15 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

Shares of Swedish telecom firm Ericsson jumped amid third-quarter core earnings that surpassed analyst expectations and growth in North American demand. Net sales shed 4% year-on-year to 61.8 billion Swedish crowns in the third quarter, but nevertheless surpassed analyst expectations of near 61.6 billion, according to Reuters estimates. North America emerged as a bright spot in the sales picture, with year-on-year growth of more than 50%. "North America was the first to roll out 5G, and of course they were also the first to therefore slow down the pace. The North American growth offset steep third-quarter sales declines in both north east and south east Asia, where telecommunication companies have recently been focusing on developing markets such as India.

Persons: Börje Ekholm, CNBC's, Ekholm Organizations: Ericsson, Reuters, Nokia, AT, 5G, UBS Locations: North, London, America, U.S, ORAN, Asia, India, China, Sweden

The best way to determine how much house you can afford is by working backward from your current budget. Current mortgage rates: The lower your mortgage rate, the more house you can afford. Where you live can impact home affordabilityHow much house you can afford depends a lot on where you live. How much house can I afford FAQsWhat percentage of my income should I spend on a house? The more debt you have, the less house you'll be able to afford.

Persons: You'll, Brian Walsh, Walsh, you'll, Freddie Mac, that's, it's, homebuyers Organizations: Business, CFP, . Census Bureau, National Association of Insurance, Consulting, homeownership, DTI, Chevron Locations: West Virginia, U.S, Washington, Alabama, New Jersey, Chevron

The vast majority of analysts surveyed by FactSet hold a strong buy or buy rating on the stock. Despite its recent slowdown, analysts surveyed by FactSet have a consensus buy rating on the dominant e-commerce platform. Bullish voices on the stock include Goldman Sachs analyst Eric Sheridan, who recently reiterated a buy rating and $230 price target. JPMorgan's Anmuth is similarly positive on Amazon ahead of earnings, rating the stock overweight and saying it remains the favorite in the bank's firm's internet sector coverage. The consensus FactSet rating on Meta is buy, with an average price target of $604, suggesting just 2.3% potential upside.

Persons: Roundhill, —, selloff, Goldman Sachs, Kash Rangan, Nvidia's Blackwell, Brad Zelnick, Amit Daryanani, Daryanani, Apple's wearables, qtr, Tim Cook's, you'd, Morgan Stanley, Jensen, Blackwell, Biden, Tesla, enthusiam, Elon, Wells, Colin Langan, Department's, Doug Anmuth, Bank of America's Justin Post, Eric Sheridan, Sheridan, Goldman, Anmuth, Baird, Roth MKM, JPMorgan's Anmuth, Goldman's Sheridan, Meta's, — CNBC's Michael Bloom Organizations: Apple, Microsoft, Nvidia, Tesla, CNBC, Windows, Investment, Deutsche Bank, Justice Department, Blackwell, Bloomberg, Ford, General Motors, EV, Google, FactSet, Bank of America's, ISI, Walmart, Costco, eBay, Meta, Ray, Labs, Facebook, Temu, Goldman Locations: China, FactSet, ., Downside, U.S, Wells Fargo, American, Meta's Asia, Pacific

☆ I left London for a little town in Latvia. It lacks certain luxuries, but it's a safer, easier place to raise a kid.
▼ + stars: | 2024-10-15 | by ( Ashley Couto | ) www.businessinsider.com time to read: +6 min

Vitor Urbano moved from London to Latvia for a quieter life before his child was born. AdvertisementThis as-told-to essay is based on a transcribed conversation with Vitor Urbano, a freelancer who moved from London to Latvia. I moved from Sintra, Portugal, to London in 2011. We chose Latvia so my partner could have better opportunitiesThere were two obvious choices of where to live: Portugal or Latvia, where my girlfriend is from. Across the board, things are more expensive in London, but the remuneration is way higher than in Latvia.

Persons: Vitor Urbano, —, I'd, that's Organizations: Service, London Locations: London, Latvia, Sintra, Portugal, EU, Saldus, Latvian

☆ What to know about early voting in Georgia and North Carolina
▼ + stars: | 2024-10-15 | by ( Sara Murray | ) edition.cnn.com time to read: +7 min

CNN —Two critical battleground states – Georgia and North Carolina – are kicking off early in-person voting this week. In Georgia, voters can head to the ballot box beginning on Tuesday and in North Carolina, early in-person voting begins on Thursday. “I don’t want to discourage people from using drop boxes by any means, but I can see why people would think it’s easier to show up in person.”Meanwhile, the opportunities to vote early in-person have expanded: Georgia law mandates two Saturdays of early voting and allows for two Sundays of early voting if a county desires. When it comes to early voting sites, the 25 western counties most impacted by Helene had planned for 80 early voting sites. “In this day and age, everyone’s taking selfies, even people in the boomer generation like me,” Phillips from Common Cause North Carolina said.

Persons: Hurricane Helene, ”, Kristin Nabers, Larry David, –, Donald Trump, Helene, “, Bob Phillips, I’m, ” Karen Brinson Bell, Brinson Bell, ” Phillips, That’s, CNN’s Tierney Sneed Organizations: CNN, State, Carolina, State Board, North Carolina State Board Locations: Georgia, North Carolina, Hurricane, Both Georgia

☆ China's new focus in U.S. elections interference is not Harris-Trump presidential race
▼ + stars: | 2024-10-15 | by ( Barbara Booth | ) www.cnbc.com time to read: +5 min

With the U.S. presidential election fast approaching, U.S. intelligence officials have issued a stark warning: China's latest efforts to influence the outcome is shifting away from the presidential race and toward state and local candidates. This new focus is part of a broader strategy by Beijing to build relationships with officials who could eventually advance China's interests. Local and state elections have become prime targets for Chinese interference because they receive far less scrutiny than national races, making it easier for China's influence campaigns to fly under the radar. One example of China's influence operations is its use of disinformation campaigns designed to exploit divisive issues such as immigration, racial justice, and economic inequality. Despite these efforts, controlling the full scope of foreign influence operations remains a daunting challenge.

Persons: they've, Brandon Wales, they're, cyberthreats, Javad Abed, Abed, George Floyd, Kent Walker, Mark Warner, John Cohen, Cohen Organizations: U.S, Infrastructure Security Agency, Johns Hopkins Carey Business School, Microsoft, Intelligence, Senate Intelligence, Center for Internet Security Locations: Beijing, Washington, Russia, China, Iran, U.S, Wales

Black men have historically voted overwhelmingly for Democratic candidates, with turnout typically lagging that of Black women but consistent nonetheless. Even a relatively small drop in support from Black men for Harris could be significant given the razor-thin margins in battleground states. “Black men prioritize being the primary breadwinners of the household and care about real wages and permanent jobs. The Harris campaign also plans to ramp up its programming specifically designed to engage Black men. This week, it is set to partner with Black male celebrities, influencers and activists to hold “Black Men Huddle Up” events in battleground states, NFL and NCAA watch parties that will double as an avenue for Black men to discuss the stakes of the election.

Persons: Kamala Harris ’, ”, Michael Tyler, Harris, Walz, ” Harris, Cedric Richmond, Joe Biden, Donald Trump, Barack Obama, “, ” Obama, “ I’ve, Black Republicans pounced, chastising, ” Sen, Tim Scott, Obama, They’ve, Obama’s, ” “, ’, Trump, “ Obama, Kamala, Black, Lil Wayne, ” Janiyah Thomas, Byron Donalds of, Wesley Hunt, Scott, That’s, Leo Smith, She’s, ” Smith, Harris ’, Brian Kemp, Stacey Abrams, Omar Ali, surrogates, Dilawar Syed, ” Ali, Ali, Roland Martin, Justin Carter, Stephen Jackson, Matt Barnes, Jermaine Dupri, John Legend, Magic Johnson, we’ve, ” Johnson Organizations: Republicans, Democratic, Black, Trump, New York Times, Siena, Howard University, Black Republicans, Democratic Party, Democrat Party, NBC News, Biden, and, Georgia Republican Gov, Small Business Administration, NBA, “, NFL, NCAA Locations: Pittsburgh, Atlanta, Byron Donalds of Florida, Wesley Hunt of Texas, Cognac, Charlotte , North Carolina, Georgia, campaign’s Georgia, Greenville , North Carolina, Milwaukee, Flint , Michigan

I think a record number of Black and African American voters, Jewish voters, union voters. Asked for comment, the Harris campaign referred to a memo to reporters Sunday pushing back on the GOP suggestion that the vice president's support is eroding among key groups. Trump and Republicans hope to see a big turnout from their base, namely white, non-college-educated, working-class voters. Johnson and his affiliated super PAC, the Congressional Leadership Fund, have raised a combined $266 million for House Republicans this cycle. Democrats are heavily focused on Pennsylvania as well, with all three top House leaders and the Harris campaign making stops here in recent weeks.

Persons: Mike Johnson, ” Johnson, “, I’m, ”, he'll, Donald Trump, Kamala Harris, Harris, Joe Biden, Biden, Johnson, Trump, “ I’m, it’s, we’re, It’s, Kevin McCarthy’s, McCarthy, Kevin, Helene, — Johnson, Ryan Mackenzie, Susan Wild, Rob Bresnahan, Matt Cartwright, Rob Mercuri, Chris Deluzio, Brian Fitzpatrick, Scott Perry, Lloyd Smucker, Pete Aguilar, ” Aguilar, they’ve Organizations: Steel, White, NBC News, African American, Jewish, Keystone State, —, Telemundo, CNBC, Trump, New York Times, Sienna College, Black, GOP, CBS, International Association of Fire Fighters, Teamsters, Senate, Biden, Steel Club, Republicans, House Republican Conference, Congressional, Fund, House Republicans, LSU, Ole Miss, Democratic Rep, Democratic, Freedom, Lancaster County Republicans, Democrats, House Democratic Locations: Pa, —, noshing, Hellertown, Nevada, Pennsylvania, Israel, Gaza, Las Vegas, California, New York, North Carolina, Allentown, America, El Tablazo, Dominican, South Florida, Texas, Arizona, Southern California, Allentown , Pennsylvania

DETROIT — The Michigan Senate race is one of several that could help determine control of the chamber and decide the presidential contest this fall. And unlike in some other swing states, both candidates in the open Senate race are sticking close to the tops of their tickets. “It’s about those independent voters, those swing voters, those voters who make their decisions very late,” she said. Doesn’t work when you have the problems that we have in the state of Michigan,” he continued. “I don’t believe in doing something that is not possible for the auto industry, because that’s our bread and butter here in Michigan,” Slotkin said.

Persons: Mike Rogers, Donald Trump, Elissa Slotkin, Kamala Harris, Joe Biden’s, ” Slotkin, Harris, “, Democratic Sen, Debbie Stabenow, Rogers, ”, Trump, MAGA, I’m, Donald Trump’s, Mike Rogers ’, Slotkin, There’s, don’t, Slotkin “, ” Rogers, Biden, hasn’t, ‘ Let’s, let’s, I’d Organizations: DETROIT, The Michigan Senate, GOP, ” Democratic, Trump, Democratic, Getty, Harris, Republican Party, House Intelligence Committee, White, “, United States Senate, CIA, Defense Department, Slotkin, Biden, Michigan, Senate, Republican, Pentagon, Democratic Party, Democrats Locations: America, Michigan, Ann Arbor, Detroit, China, Ukraine, Gaza, Lebanon, Israel, Florida

☆ Financial stocks are still being woefully underappreciated by investors, Morgan Stanley says
▼ + stars: | 2024-10-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Positioning in financial stocks is light relative to other sectors, Morgan Stanley says. AdvertisementInvestors are lingering in defensive trades that don't take advantage of the economy's strength, Morgan Stanley said, highlighting opportunities in underinvested sectors. The firm — which just last week upgraded cyclical stocks to "overweight" relative to defensives — described the financials group as particularly attractive. Morgan Stanley said net exposure to financials was in the bottom 15th percentile of a historical data series that goes back to 2010. Morgan Stanley noted that this weakness lowered earnings-season expectations for investors, making it easier for major lenders to outperform forecasts.

Persons: Morgan Stanley, —, financials, Mike Wilson, Wells Fargo, Wilson Organizations: Service, Bank, JPMorgan, Utilities, defensives, ISM Locations: Basel

☆ Stocks making the biggest moves premarket: Flutter Entertainment, Boeing, SiriusXM, Caterpillar and more
▼ + stars: | 2024-10-14 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Crypto stocks – Stocks linked to cryptocurrencies rose as Bitcoin soared above $64,000 to start the week. Flutter Entertainment – The FanDuel parent company popped 4% after Wells Fargo upgraded shares to overweight , saying that investors should consider buying the stock following the recent sell-off. Boeing also postponed the delivery of its still-uncertified 777X wide-body plane and forecasted a wider-than-expected loss for the third quarter. Sirius XM Holdings – The audio entertainment company rose 3.5% after Warren Buffett's Berkshire Hathaway disclosed that it purchased more of the stock. Caterpillar – The industrial company slipped more than 2% after Morgan Stanley downgraded shares to underweight from equal weight.

Persons: MicroStrategy, Mara, Mara Holdings —, Coinbase, Wells, Warren Buffett's Berkshire Hathaway, Morgan Stanley, Goldman Sachs, AppLovin, Eli Lilly's, —, Alex Harring, Samantha Subin, Jesse Pound, Sarah Min, Hakyung Kim, Pia Singh Organizations: Mara Holdings, Boeing –, Boeing, Sirius XM Holdings, Berkshire, Sirius, Caterpillar, Walmart, Food and Drug Administration

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