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CNN —Indiana Fever star Caitlin Clark has become the first rookie in 16 years to be named to the All-WNBA first team. The guard was already named the 2024 WNBA Rookie of the Year in a near-unanimous vote earlier this month, a fitting title for an astonishing season. Clark also became the first ever rookie to record a triple-double and holds the record for most three-pointers made (122) by a rookie in league history. Las Vegas Aces center A'ja Wilson has also been named in the All-WNBA first team. Las Vegas Aces star Wilson, meanwhile, earned her unanimous place on the first team after a historic season.
Persons: Caitlin Clark, Clark, Napheesa Collier, A’ja Wilson, Breanna Stewart, Alyssa Thomas, Candace Parker, Sue Bird, Tamika Catchings, Diana Taurasi, A'ja Wilson, Corey Sipkin, Stewart, , Marta Xargay, Wilson, Sabrina Ionescu, Jonquel Jones, Nneka Ogwumike, Arike Ogunbowale Organizations: CNN, Indiana, WNBA, Connecticut Sun, Las Vegas Aces, The New York Liberty, Aces, Liberty, Mercury, Seattle Storm, Dallas Wings
Inside Blackstone's growing 'credit juggernaut'
  + stars: | 2024-10-17 | by ( Alex Nicoll | ) www.businessinsider.com   time to read: +7 min
Private lending is now Blackstone's largest business by assets, up 22% since last year. Inside Blackstone's growing "credit juggernaut." By contrast, Blackstone's private-equity business manages $344.7 billion, and its real-estate investing arm, the firm's largest business at the start of the quarter, has $325.1 billion. The largest third-party lenderWhile Blackstone now claims to be the largest third-party credit provider, Apollo is the largest non-bank lender with $562 billion in private credit assets under management. Blackstone's private credit arm has generated 16.7% in returns over the last twelve months, though falling interest rates "put some pressure on absolute returns," Gray said.
Persons: Jon Gray, , Blackstone, Jonathan Gray, CLOs, Gray, Steve Schwarzman, that's, We're, It's, Schwarzman Organizations: Service, Blackstone, Canada, Plan Investment Locations: New York, Asia, Pacific
Bitcoin has surged 12% as Trump's election odds in betting markets began rising in mid-September. Trump's crypto-friendly stance has boosted investor enthusiasm for bitcoin as his betting odds rise. According to the betting website Polymarket, Trump's odds of winning the Presidential election in November bottomed on September 18. Bernstein analyst Gautam Chhugani said last month that a Trump win could be monumental for the crypto industry. Bitcoin might be ultimately front-running a potential Trump win in November, with the cryptocurrency up 59% year-to-date.
Persons: Bitcoin, bitcoin, , Donald Trump, Trump, Kamala Harris, bettors, Stanley Druckenmiller, Bernstein, Gautam Chhugani, Chhugani, He's, he'd Organizations: Trump, Service, Billionaire, Bloomberg, Conference, Bitcoin Conference, Liberty Locations: United States
NFL Week 7 preview: Five things to watch out for
  + stars: | 2024-10-17 | by ( Andy Scholes | Ben Morse | ) edition.cnn.com   time to read: +22 min
Brandon Sloter/Getty Images Minnesota Vikings quarterback Sam Darnold throws the ball to tight end Johnny Mundt in Minneapolis on September 22. Matt Slocum/AP Kansas City Chiefs quarterback Patrick Mahomes runs the ball against Cincinnati Bengals cornerback Dax Hill during the Chiefs' 26-25 victory in Kansas City, Missouri, on Sunday, September 15. Ed Zurga/AP Kansas City Chiefs quarterback Patrick Mahomes scrambles during the game against the Baltimore Ravens in Kansas City, Missouri, on September 5. The same can’t be said for Tampa Bay quarterback Baker Mayfield: he’s 1-5 on Monday nights. ETKansas City Chiefs (5-0) @ San Francisco 49ers (3-3) – 4:25 p.m.
Persons: Vince Lombardi, There’s, Deebo Samuel, Samuel, John Froschauer, Brian Branch, Matthew Pearce, Patrick McDermott, Pat Surtain, AAron Ontiveroz, C.J, Gardner, Johnson, David Njoku, Matt Rourke, Claudin, Kirk Cousins, Grant Halverson, Caleb Williams, Williams, Zac Goodwin, Isaac Yiadom, Ji'Ayir Brown, DK Metcalf, Steven Bisig, Willie Gay Jr, Gay, Ed Zurga, Camryn Bynum, Steve Luciano, Keon Coleman, Eric Gay, Trevor Lawrence, David Rosenblum, Daniel Whelan, Gregory Bull, Trey Sermon, Nathan Ray Seebeck, Ka'imi Fairbairn, Deommodore Lenoir, Ezra Shaw, Riley Moss, Cooper Neill, Aaron Rodgers, Rodgers, Jayden Daniels, Christian Petersen, Tremon Smith, Greg Zuerlein, Seth Wenig, Ja'Tavion Sanders, Germaine Pratt, Eric Murray, George Kittle, Jed Jacobsohn, Darius Slayton, Eric Kendricks, Brad Penner, Reuters Damar Hamlin, Bryan M, Bennett, Calvin Austin III, Brandon Sloter, Sam Darnold, Johnny Mundt, Stephen Maturen, John Amis, Aaron Jones, Stacy Bengs, Dak Prescotts, Allen Lazard, Alex Austin, Darnell Mooney, Matt Slocum, Patrick Mahomes, Dax Hill, Jay Biggerstaff, Deebo Samuel Sr, Ivan Pace Jr, Abbie Parr, Alvin Kamara, Kamara, Tim Heitman, Tua Tagovailoa, Tagovailoa, Jasen, Caroline Brehman, Shutterstock, Dak Prescott, Prescott, Ken Blaze, Brian Robinson Jr, K.J, Britt, Jaylen Waddle, Hill, Stephanie V, Daniels, Al Diaz, Justin Fields, Danny Karnik, Okonkwo, Tyrique Stevenson, David Banks, Reuters Rhamondre Stevenson, Jason Mowry, Andrew Van Ginkel, Vincent Carchietta, Rebecca Blackwell, Khalil Shakir, Justin Jones, Jordan Love, Brooke Sutton, São Paulo, South America Kirby Lee, Taylor Swift, Travis Kelce, Reed Hoffmann, Isaiah, Patrick Mahomes scrambles, Charlie Riedel, Sean Payton, Payton, , , Drew Brees, inducting, Brees, Will, Andy Reid, Michael Reaves, Getty, ” Mahomes, “ They’re, CJ Stroud, It’ll, Love, Stacy Revere, ” Stroud, he’s, Malik Willis, Jared Goff, Matt Patterson, Goff, Lamar Jackson, Baker Mayfield Organizations: CNN, New England Patriots, Jacksonville Jaguars, San Francisco 49ers, Seattle Seahawks, AP Detroit Lions, Dallas Cowboys, The Lions, Cowboys, Green Bay Packers, Packers, Arizona Cardinals, Getty Images Denver Broncos, Broncos, Los Angeles Chargers, Denver Post, Getty, Philadelphia Eagles, Cleveland Browns, Eagles, AP Carolina Panthers, Atlanta, Panthers, Getty Images Chicago Bears, Tottenham Hotspur, USA, Sports, Reuters New, Reuters New Orleans Saints, Kansas City Chiefs, Chiefs, Saints, AP Minnesota Vikings, New York Jets, Vikings, AP Buffalo Bills, Bills, Houston Texans, AP Jacksonville Jaguars, Indianapolis Colts, Jaguars, Los Angeles Rams, AP Indianapolis Colts, Reuters Houston Texans, Buffalo Bills, AP San Francisco 49ers, Deommodore, Cardinals, 49ers, Las Vegas Raiders, Minnesota Vikings, Cincinnati Bengals, Bengals, Getty Images Houston Texans, Jacksonville, Texans, AP New York Giants, Giants, Reuters, Getty Images Pittsburgh Steelers, Steelers, Getty Images Minnesota Vikings, Tennessee Titans, AP Dallas Cowboys, Baltimore Ravens, The Jets, Reuters Atlanta Falcons, AP Kansas City Chiefs, Super Bowl, Reuters San Francisco 49ers, AP New Orleans Saints, Reuters Miami Dolphins, Reuters New York Jets, AP Los Angeles Chargers, Shutterstock Dallas Cowboys, NFL, Reuters Washington, Tampa Bay Buccaneers, Buccaneers, Dade Police, Miami Herald, Tribune, Service, Atlanta Falcons, Falcons, AP Tennessee Titans, Chicago Bears, Titans, Bears, Patriots, New York Giants, São Paulo, The Eagles, Neo, AP Baltimore Ravens, Arrowhead, New, New Orleans Saints, Denver Broncos, Saints Hall of Fame, Kansas City, Super, Lambeau, Ohio State, Green, Georgia, Penn State, , Stroud, Lambeau Field, NFC, Detroit Lions, Lions, Detroit, The Detroit Lions, Dallas, Disney, Tampa Bay, Miami Dolphins, Vegas Raiders, Carolina Panthers, Washington, Pittsburgh Steelers Locations: London, Seattle, Arlington , Texas, Green Bay , Wisconsin, Denver, Philadelphia, Charlotte , North Carolina, Reuters New Orleans, Kansas City , Missouri, Houston, Jacksonville , Florida, Inglewood , California, Santa Clara , California, Glendale , Arizona, East Rutherford , New Jersey, Orchard Park , New York, Pittsburgh, Minneapolis, Nashville, Miami Gardens , Florida, Cleveland, Tampa , Florida, Miami, Atlanta, Chicago, Cincinnati, São, South America, New Orleans, Arrowhead Stadium, Green Bay, Penn
The new high bested a previous record of $140.76, which was set on June 20. Shares of Nvidia rose to a new record on Thursday as investors piled back in to the artificial intelligence trade that had stalled a bit since the summer. The stock rose more than 3% at one point to briefly tap a new intraday high of $140.89. Nvidia's intraday record comes after Taiwan Semiconductor Manufacturing Company , the world's largest chip producer, beat third-quarter earnings estimates and posted a 54% increase in profit. Nvidia stock hit a closing high of $138.07 earlier in the week, topping its prior record of $135.58 set on June 18.
Persons: Jensen Huang, Nvidia's, , Kif Leswing Organizations: Nvidia, Taiwan Semiconductor Manufacturing Company, Apple, AMD, ARM, Companies, Microsoft, Meta, Google Locations: Taipei, Taiwan
CNN —Tennis legend Serena Williams says she recently underwent surgery to remove a branchial cyst “the size of a grapefruit” from her neck. Williams said she found the lump back in May and initially opted against surgery after several tests confirmed it was benign. In a video posted to TikTok, the 23-time grand slam champion said she is “feeling good” after the surgery and recorded herself going shopping with daughter Olympia. And yes, all is OK.”Williams said she missed Rafael Nadal announcing his retirement while she was undergoing surgery. Williams also won 14 grand slam doubles titles with sister Venus and four Olympic gold medals.
Persons: Serena Williams, Williams, Olympia, , ” Williams, Rafael Nadal, , Margaret Court, Venus Organizations: CNN, Tennis, National Institutes of Health, Locations: Olympia
“And for the record, Liam was in my opinion the most vital part of One Direction. Malik left the group in 2015, spawning the announcement that One Direction was going on an “indefinite hiatus” the following year. All five former members went on to pursue solo careers, including Payne, who released his most recent single “Teardrops” in March. Just weeks before his death, Payne was seen in Argentina attending Horan’s concert, posting videos of himself dancing and singing along on his Snapchat page. Payne’s family previously said a statement that they’re “heartbroken” by his death, according to the UK’s PA Media news agency.
Persons: Harry Styles, Niall Horan, Zayn Malik, Louis Tomlinson, Liam Payne, , ” Styles, Horan, Malik, Tomlinson, Liam, ” Tomlinson, Payne, ” “ Liam, , Bear, Simon Cowell, Styles, Christopher Polk, “ I’ve, ” Payne, they’re, “ Liam, Cowell Organizations: CNN, Demand Entertainment, UK’s, Media, Fremantle UK Locations: , Buenos Aires, Argentina, Los Angeles
ATLANTIC CITY, N.J. (AP) — New Jersey's red-hot internet gambling market set another record in September with Atlantic City's casinos and their technical and online partners winning over $208 million. “The ongoing success of internet gaming helped push Atlantic City’s total gaming revenue to its highest figure for the month of September in over a decade,” said James Plousis, chairman of the New Jersey Casino Control Commission. “For the third consecutive month, total gaming revenue surpassed $500 million. In terms of in-person winnings, Borgata won $62.4 million in September, up 15%; Hard Rock won $44.6 million, down 4.7%; Ocean won $28.4 million, down 28%; Caesars won $20.5 million, down 4.1%; Harrah's won $18.6 million, down 16.3%; Tropicana won $17.9 million, down 16.3%; Resorts won $14.3 million, down 3.9%; Bally's won $12.5 million, down 4.4%, and Golden Nugget won $11 million, down 12.5%. When internet and sports betting revenue is included, Borgata won $120.2 million, up 12%; Resorts won $106.5 million, down 3.4%; Golden Nugget won $72.8 million, up 25.8%; Hard Rock won $64.4 million, up 10.8%; Ocean won $33.9 million, down 24%; Bally's won $24.1 million, up 19.2%; Caesars won $20.6 million, down 3.4%; Harrah's won $18.7 million, down 16.6%; and Tropicana won $18.1 million, down 16%.
Persons: , James Plousis, ” Jane Bokunewicz, Lloyd Levenson, Borgata, Harrah's, Bally's, Wayne Parry Organizations: CITY, Atlantic, of Gaming Enforcement, New Jersey Casino Control, , Stockton University, Atlantic City, Ocean, Caesars, Tropicana, Resorts, Golden Nugget, Golden, Associated Press Locations: N.J, New Jersey, Atlantic City, Atlantic
Dozens of deals over the years have resulted in products ranging from Trump Vodka and Trump Steaks to giant skyscrapers emblazoned with his surname. “Would make a great Christmas Gift.”In this still photo from a promotional video, former President Donald Trump holds a watch branded with the Trump name. The Trump Watches website is, in fact, peppered with disclaimers. “We specialize in creating anonymous LLCs to shield your personal information from public eyes,” the website for Wyoming LLC Attorney says. Wyoming LLC Attorney can help launch a new LLC within 24 hours, it advertises.
Persons: Wyoming CNN —, Donald Trump, , Trump, , hasn’t, couldn’t, TheBestHoneyOnEarth, Vladimir Dmitriev, Dmitriev, “ We’ve, ” Andrew Pierce, Carol Mendelsohn, Pierce’s, Mark Pierce, Pierce, ” Trump, , “ You’re, Oisín, Tim Mosso, “ It’s, ” Mosso, Trump’s, Donald J, TheBestWatchesOnEarth, it’s, ” Pierce Organizations: Wyoming CNN, CNN, Trump, TheBestWatchesOnEarth LLC, Republican, LLC, and Drug Administration, FDA, White, Trump Organization, TheBestWatchesOnEarth, Trump Vodka, NFT International, 45footwear, Mar, YouTube, The Trump Organization, Cloud, Law Locations: Sheridan, Wyoming, Montana, Washington, DC, Montenegro, , Sheridan , Wyoming, Puerto Rico, Manhattan, Cheyenne , Wyoming, Philadelphia, TheBestWatchesonEarth, United States
CNN —A Travis County judge granted a Texas House committee’s last-minute temporary restraining order request against the state just 90 minutes before Robert Roberson was scheduled to be executed Thursday. While authorities have not confirmed the execution is delayed, Roberson’s attorneys and the committee fighting for him told CNN they believe the execution is currently halted. “This is an injustice and his blood is on Abbott and Anderson County,” she told CNN. I did not hear his voice,” Brian Wharton, the former detective who oversaw the investigation into Nikki’s death, told state lawmakers Wednesday at a hearing featuring the case. I don’t want to be there, I don’t want to watch it happen,” Wharton told CNN.
Persons: Travis, Robert Roberson, Amanda Hernandez, Roberson, Sonia Sotomayor, ” Sotomayor, , Sotomayor, , ” Robin Maher, Greg, Abbott, Dale Wainwright, Jennifer Roberson, Brian Wharton, Roberson’s, he’s, pediatricians, Nikki Curtis, They’ve, Paroles, , Nikki, Nikki “, , Robert, ” Brian Wharton, Wharton, Gretchen Sween –, ” Wharton, John Grisham, Sween, Jeff Leach, Antoinette Laskey, ” Laskey Organizations: CNN, Texas, Texas Department, Criminal, US, Former Texas Supreme, Huntsville Unit, Supreme, GOP, Wednesday, Appeals, American Academy of Pediatrics, US Army, National Registry, American Academy of Pediatrics ’, Child Locations: Texas, ” Texas, Travis, Huntsville, Anderson County, Anderson, Palestine , Texas
Taylor Swift is self-publishing "The Eras Tour Book" and releasing it exclusively at Target. By excluding traditional publishers, Swift ensured she would get more of the book's revenue. With her latest announcement, the singer is back to her business-disrupting playbook with "Taylor Swift | The Eras Tour Book." AdvertisementIn what most closely resembles her book deal, Swift self-produced last year's "Taylor Swift: The Eras Tour" film. "Obviously, Taylor Swift is sort of a case under herself for this stuff in terms of just her reach," Hane said.
Persons: Taylor Swift, Swift, , she's, it's, Clayton Durant, Simon &, Erik Hane, they're, It's, Ashok Kumar, Courtney Maum, Jessica Maddox, Gareth Cattermole, Maddox, Hane, Vittorio Zunino Celotto, Durant, vinyls, Taylor, John Shearer, Beyoncé, Paul Dergarabedian Organizations: Target, Service, Taylor Swift Publications, Nation School of Music, Sports, Entertainment, Simon & Schuster, Macmillan, HarperCollins, Hachette —, Literary, University of Alabama, Department, Universal Music, Big, Bloomberg, Poets Department, AMC, Mojo, Disney Locations: Long, Target, London, TikTok, Milan
CNN —Already multitool smart devices, Apple Watches added another buzzworthy feature last month: an app to detect sleep apnea. The sleep apnea notification is available on the latest Series 10 Apple Watches and some older models after a software update. In order to detect sleep apnea, the watch measures breathing disturbances during sleep over 30 days. But the US Food and Drug Administration approved marketing of the sleep apnea feature on Apple Watches in mid-September. The Apple Watch has a few of these capabilities, but the company did not factor them into the sleep apnea feature.
Persons: It’s, , Robson Capasso, ” Capasso, Erring, Apple, Jing Wang, Wang, ” Wang, Eric Topol, , ” Topol, Capasso, Dr, Sanjay Gupta, they’re Organizations: CNN, Apple, Stanford University School of Medicine, Food and Drug Administration, Apple Watch, Scripps, Research, Get CNN, CNN Health Locations: Sinai
Key lines from Kamala Harris vs. Fox News
  + stars: | 2024-10-17 | by ( Zachary B. Wolf | ) edition.cnn.com   time to read: +12 min
CNN —Vice President Kamala Harris has not submitted to many interviews with journalists during her short presidential campaign, and certainly none with conservative media. When Baier asked if this was an evolution in her thinking, Harris pointed to her record as a prosecutor taking on transnational criminal organizations. From immigration, Baier pivoted to the wedge topic of gender. When Baier asked if there were concerns about Biden’s abilities raised, Harris said:Bret, Joe Biden is not on the ballot. And Donald Trump is.
Persons: Kamala Harris, Bret Baier, Donald Trump, Harris, … HARRIS, I’m, HARRIS, Joe Biden’s, Baier, didn’t, Laken Riley, … Baier, Alexis Nungaray, Jocelyn Nungaray, Nungaray, Biden, We’ve, Donald Trump’s, I’ve, CNN’s KFile, Trump, You’re, , It’s, she’s, Bret, , Joe Biden, Organizations: CNN —, Fox News, Homeland, Senate, Democrats, Trump, Republican, Democratic, Biden, Republicans Locations: Georgia, Houston, Washington, United States, , China, Iran
At 11, my kid came out as nonbinary and changed her name and pronouns. I immediately accepted my kid's new name but accidentally deadnamed her on a trip. Saundrah and Annika went to get bubble tea, so I asked my kid if she wanted to go, too. When she didn't react to me deadnaming her on our trip, I realized she had made peace with the transition. I'd like to think this shift happened in part because she's been 100% supported in her gender journey.
Persons: , Taylor, Nico, I'd, Saundrah, Annika, I'm, would've, you've, she's, it's Organizations: Service Locations: Germany, Munich, Prague, Berlin
Jim Cramer looks at today's high flying stocks
  + stars: | 2024-10-17 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer looks at today's high flying stocks'Mad Money' host Jim Cramer looks at stocks that soared during today's record run.
Persons: Jim Cramer
As a result, many are using more of their available credit and now, nearly 2 in 5 credit cardholders — 37% — have maxed out or come close to maxing out a credit card since the Federal Reserve began raising rates in March 2022, according to a new report by Bankrate. Other reasons cardholders blame for maxing out a credit card or coming close include a job or income loss, an emergency expense, medical costs and too much discretionary spending. Generation X at riskwatch nowMore than any other generation, Gen Xers in their 40s and 50s are most likely to have maxed out a credit card or come close in the past two and a half years, according to Bankrate's report. Of Gen Xers, 27% have maxed out their credit cards compared to 23% of millennials and 17% of Baby Boomers. Young adults in Gen Z are the least likely to have maxed out a card, according to the survey, which polled more than 3,500 adults, including 3,015 who are credit cardholders and 1,104 who have either maxed out their credit cards or come close.
Persons: Bankrate, Sarah Foster, Xers, Gen X Organizations: Federal Reserve, Bankrate, Baby Boomers, Gen
Chinese robotaxi firm Pony AI files for U.S IPO
  + stars: | 2024-10-17 | by ( ) www.cnbc.com   time to read: +2 min
Pony AI, in which Japan's Toyota owns a 13.4% stake, revealed that its revenue nearly doubled to $24.7 million in the first half of 2024. Net loss attributable to the company was $51.3 million in the same period, compared with $69.4 million last year. The number of Chinese companies that pursued stock market flotations in the U.S. dropped in the past few years after Beijing clamped down on offshore capital-raising in 2021. EV maker Zeekr's debut in May was the first big listing by a Chinese company in the U.S. since then. Pony AI has applied to list on the Nasdaq stock exchange under the ticker symbol "PONY."
Persons: Saudi Arabia's NEOM, BingEx, Goldman Sachs Organizations: Toyota, U.S . Federal Reserve, Japan's Toyota, Saudi Arabia's, Zeekr's, Nasdaq, BofA Securities, Deutsche Bank, Huatai Securities, Tiger, underwriters Locations: Beijing, China, U.S, Saudi
The Dodgers are up 3-1 in this series after demolishing the Mets these past two nights at Citi Field. The lineup chewed up and spat out Mets starter Jose Quintana and the assorted relievers behind him. Max Muncy set a single-season postseason record by reaching base in 12 consecutive plate appearances. Max Muncy has now reached base in 12 straight plate appearances 😤 He's tied with Reggie Jackson for the most consecutive #Postseason plate appearances reaching safely. It hasn’t worked against the Dodgers, a lineup loaded with stars and an overall carrying tool of plate discipline.
Persons: Jose Quintana, Shohei Ohtani, Mookie Betts, Max Muncy, Yoshinobu Yamamoto, Evan Phillips, Blake Treinen, Jack Flaherty, Senga, David Peterson, Peterson, Phillips, Treinen, John Jones, Injuries, Muncy, he’s, Billy Hatcher, David Ortiz, Reggie Jackson, , , ullpen., ike J ose Organizations: Los Angeles Dodgers, New York Mets, National League, Dodgers, Mets, Citi Field, Reds, Red Sox, ust Locations: Angeles, Flushing, Muncy, Red
Stocks rose Thursday as investors digested strong retail sales data and more earnings. Retail sales data showed US consumer spending remains robust, with monthly spending up 0.4%. AdvertisementUS stocks climbed on Thursday as traders saw better-than-expected retail sales data and continued to digest strong corporate earnings reports. September's retail sales report showed consumer spending remains strong, with monthly spending up 0.4% from August, just above a Dow Jones consensus estimate of 0.3%. And almost every AI innovator is working with TSMC," TSMC chairman and CEO C.C.
Persons: Stocks, ASML, , C.C, Wei, TSMC, Morgan Stanley, JB Hunt Organizations: Service, Dow Jones, Commerce Department, Federal Reserve, Labor Department, chipmaker Taiwan Semiconductor Manufacturing Company, Nvidia, AMD, chipmakers, United Airlines, Netflix, Caixin Global, JB Locations: Wednesday's, Here's, China
Traders and central banks should increase exposure to gold, Bank of America says. The analysts see gold hitting $3,000 an ounce by the end of next year, implying 11% upside. AdvertisementGold is increasingly attractive as other traditional "safe haven" assets face mounting risks, Bank of America strategists said. "Gold looks to be the last 'safe haven' asset standing, incentivising traders including central banks to increase exposure," the strategists said in a Wednesday note. The Bank of America analysts note that gold now makes up 10% of central bank reserves, up from 3% a decade ago.
Persons: Organizations: Bank of America, Service, International Monetary Fund, US Treasury, Investors, Federal Reserve
I've learned that if I want to form a new habit, promising someone I will doesn't work for me. AdvertisementWhen I was a teenager, I developed a habit of repeatedly promising my mother I would go on a diet. When I'm struggling to change a habit or face a tough decision, I sometimes use art to depict my mental state. Ever since, I've been able to moderate my pace by watching the person I'm eating with — usually Barry, my husband, who tends to eat slower than I do. Many people use computer software or apps to track their habits, but I'm old-fashioned and prefer the mind-body approach of handwriting.
Persons: I've, , I'm, Barry, Benjamin Franklin Organizations: Service, Moody Locations: Marlboro, checkmarks
Morgan Stanley's Mike Wilson says the stock market's bull run could slow if the dollar strengthens again. AdvertisementMorgan Stanley's top stock strategist is eyeing one risk in particular that could threaten the stock market's big rally: a stronger US dollar. According to the firm's chief US equity strategist, Mike Wilson, a dollar re-strengthening could hinder stock gains. The greenback weakened as markets prepared for steep rate cuts, but that move has reversed in recent weeks as strong economic data makes more aggressive policy easing less likely. Wilson's call comes two years into the market's bull rally, with major indexes continuing to hit fresh all-time highs.
Persons: Morgan, Mike Wilson, , that's, Wilson Organizations: Service, Bloomberg Radio, Federal Locations: China, Japan
Nvidia 's rally to a record intraday high on Thursday briefly helped lift the S & P 500 into uncharted waters, leaving investors to wonder what's next for the artificial intelligence trade. The S & P 500 broad market index also touched a record high during the day, mostly driven by strong semiconductor and financial stocks. Nvidia's stock, which scored an all-time closing high on Monday, has added 1.6% so far this week. NVDA 1D mountain Nvidia, 1-day chart Martin likes the AI trade looking ahead, especially as year-end — typically a strong time for the market — nears. And then they'll try and take some profits, and then they'll try and buy it back a little cheaper, and then it'll go back up again."
Persons: what's, Jensen, Tom Martin, Martin, they'll, it'll Organizations: Nvidia, Taiwan Semiconductor, Investments Locations: Taiwan, China
Visitors walk on the Sannenzaka slope in Kyoto, Japan, on Sunday, June, 26, 2022. Visitor spending in Japan broke an annual record in just nine months, official data showed on Wednesday, demonstrating the economic power of a tourism boom fueled by the weak yen. Travelers spent 5.86 trillion yen ($39.27 billion) through September, preliminary figures from the Japan National Tourism Organization showed. That eclipsed the 5.3 trillion yen spent in all of 2023, a record for any 12-month period. Tourism spending, classified as an export in national accounts, is poised to become Japan's second-biggest export sector after autos and ahead of electronic components.
Organizations: Travelers, Japan National Tourism Organization Locations: Kyoto, Japan
A flag of Japan flies near cargo containers at Tokyo's Odaiba Waterfront on August 6, 2020. Asia-Pacific markets opened higher on Tuesday, following gains on Wall Street that saw the Dow Jones Industrial Average reach a record close amid a strong start to the earnings season. Japan's exports fell 1.7% in September compared to the same period last year, surprising economists polled by Reuters who expected a 0.5% growth rate. It's the first time that exports contracted this year and was down sharply from a revised growth rate of 5.5% in August. September's import growth came in at 2.1% also missing expectations of economists who expected growth of 3.2%.
Persons: Topix Organizations: Dow Jones, Investors, Nikkei, Reuters Locations: Japan, Asia, Pacific, Australia
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