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☆ Investor sentiment starting to enter into frothy territory with so much going well for stock market
▼ + stars: | 2024-10-16 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Fully 90% expect a "soft landing," or "no landing" at all (i.e. That's not the case here: the Fed is cutting rates going into, at worst, a soft landing, which is very unusual. The S & P 500 was up 2.0% in September and is higher by 0.9% so far in October. Historically, the S & P tends to rise beginning in the last week of October and through November and December. Goldman Sachs noted that, since 1928, the median S & P 500 return from October 15 to December 31 has been 5.17%.

Persons: That's, Alicia Levine, BNY, Goldman Sachs, Goldman, buybacks, Stocks, there's, AAII, BofA Organizations: America, Trump, Bank of America Global Fund, Survey, Fed, buybacks, American Association of Locations: U.S, frothy

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Broadcom: Of course, we love the company's AI business — both its custom silicon solutions for companies such as Alphabet and its networking chips that help stitch data centers together. Stanley Black & Decker: Jim said that this stock is the "most significant beneficiary" from lower rates in the entire portfolio. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, there's, Lisa Su, Wells, Salesforce, CrowdStrike, it's, we've, Walt Disney, —, Eaton, we're, Kamala Harris, Harris, Jim's, Linde, Eli Lilly, Lilly isn't, That's, Morgan Stanley, Goldman Sachs, D.A, Satya Nadella's, Palo, cybersecurity, Brian Niccol, We're, Stanley Black, Decker, TJX, Charlie Scharf, Wells Fargo's, Jim Cramer, Angela Weiss Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple Intelligence, Abbott Laboratories, Devices, AMD, Nvidia, Broadcom, Apple, Federal Reserve, Costco Wholesale, Costco, Coterra, DuPont, Disney, ESPN, GE Healthcare, Democratic, Biden, Honeywell, Linde, Adobe, Microsoft, Davidson, Palo Alto Networks, Constellation Brands, Modelo, Corona, TJX, Jim Cramer's Charitable, New York Stock Exchange, AFP, Getty Locations: Wells Fargo, BlackRock, Dover, Eaton, China, U.S, Chipotle, New York City

Ukraine CNN —The spluttering roar of a propeller punctuates the perfect silence. Serge said he had personally overseen more than 500 long-range drone attacks into Russia since its full-scale invasion of Ukraine in February 2022. CNN spent two days traveling across the country with the drone unit as it prepared to launch more than 100 drones overnight into September 29 on a mission into Russia. Sources told CNN in September that Tehran had recently completed the delivery of short-range ballistic missiles to Russia. In September, the unit’s drones hit a Russian ammunition depot between Moscow and St. Petersburg, in Tver region.

Persons: “, Serge, GUR, Abbas Araghchi, Vladimir Putin, Vector, it’s, “ We’re, Putin, ” Serge, Sebastian Shukla, Daria Tarasova, CNN “, …, ” Organizations: Ukraine CNN, CNN CNN, UAV Unit, CNN, Iran’s, Maxar Technologies, Maxar, Ukraine, Vector, Pilots, Russian Telegram, Russia –, Technologies Locations: Ukraine, GUR, Russia, Tehran, Iran, Kotluban, Volgograd, Russian, Moscow, St, Petersburg, Tver region, Toropets, United, Ukrainian, Ukraine’s, Donetsk, Luhansk, Kyiv, Russia – Voronezh, Yesk, Rostov, Voronezh

Deep-pocketed Republicans donors also tried to close the gap by boosting a GOP super PAC working to seize the Senate majority. America PAC has taken on a critical supporting role for the Trump campaign, according to its independent expenditure filings, which cover some spending beyond September 30. Tuesday’s filings show other conservative billionaires also plowing extraordinary sums into the effort to reelect Trump. Another leading pro-Trump super PAC, Restoration PAC, also reported a huge haul from a single major donor. Meanwhile, the Congressional Leadership Fund – the main super PAC supporting House Republicans – hauled in more than $81 million in the third quarter.

Persons: –, Miriam Adelson, Elon Musk, Donald Trump’s, Adelson, – Musk, Richard Uihlein –, megadonors, Kamala Harris, Harris, Musk, Trump, reelect Trump, Sheldon, Uihlein, Ike Perlmutter, Laura, Biden, Michael Bloomberg, Reid Hoffman, Steve Mnuchin, Dana White, White, Chuck Schumer, JB Pritzker, Eric Schmidt, Reed Hastings, Ken Griffin, Elliott, Paul Singer, Stephen Schwarzman, Republicans –, Timothy Mellon, Montana Sen, Jon Tester, Ohio Sen, Sherrod Brown, Tim Sheehy, Brown, Bernie Moreno, Eric Hovde, Democratic Sen, Tammy Baldwin, Baldwin, Colin Allred, Sen, Ted Cruz, Cruz, Nathan L, Democrat Adam Gray, Michelle Steel, Democrat Eugene Vindman, Trump’s, Vindman, Mary Peltola, CNN’s Kristen Holmes Organizations: CNN, Trump, PAC, Federal, Commission, Adelson, Democratic, Republican, GOP, White, House . America PAC, America PAC, Preserve, America, Restoration PAC, FF PAC, FF, New York, LinkedIn, Republican National Convention, Fund, Illinois Gov, Netflix, Citadel, Elliott Management, Blackstone Group, Congressional, Republicans, The New York Times, Democrats, West, Senate, Ohio, – Rep, Democrat, Alaska Rep Locations: Pennsylvania, California, New York, Preserve America, Michigan, Wisconsin, Pennsylvania , Wisconsin, Georgia, Lago, Florida, Montana, Michigan , Pennsylvania, Arizona, Maryland, Republican, Texas, Virginia’s, District, Alaska

☆ Saudi Arabia’s coveted Masters 1000 tennis tournament has stalled as Six Kings arrives in Riyadh
▼ + stars: | 2024-10-16 | by ( Matthew Futterman | ) www.nytimes.com time to read: +11 min

After years of pushing, everything looks ready for Saudi Arabia’s billion-dollar move to become a major force in tennis to take off — with one major hitch. The Ministry of Sport of Saudi Arabia, the Saudi Tennis Federation (STF) and the WTA Tour then announced a three-year deal to host the tour finals. These moves raised Saudi Arabia’s tennis profile, but its potential new tournament at the start of the season was seen as the most important of its tennis investments — and its most divisive. It would cement Saudi Arabia’s place at the center of the sport, bringing with it an extensively criticized human rights record. Saudi Arabia’s moves into tennis have roiled the organisations behind the Grand Slam tournaments.

Persons: Carlos Alcaraz, Rafael Nadal, Daniil Medvedev, Holger Rune, —, Novak Djokovic, Turki Alalshikh, Rome —, ”, Nadal, Sinclair, Chris Evert, Martina Navratilova, “, Jamal Khashoggi, Henry Nicholls, Iga Swiatek, Adam Pretty Organizations: St, Saudi Arabia’s General Entertainment Authority, WTA, Saudi, ATP, Public Investment Fund, SURJ Sports Investment, U.S ., ”, Sport, Saudi Tennis Federation, WTA Tour, Sinclair, Tennis, Rights Watch, Athletic, Wimbledon, Getty, Australia, Tennis Australia, Laver Locations: Hotel, Riyadh, Saudi, Jeddah, Saudi Arabia, U.S, Indian Wells, Madrid, Rome, provisionality, PIF, Istanbul, Turkey, Australia, New Zealand

☆ Single Women Love to Vote. They Back Kamala Harris in the Election.
▼ + stars: | 2024-10-16 | by ( Daniel Cox | ) www.businessinsider.com time to read: +11 min

Part of the shift is demographic: Over the past few decades, the number of single women in America has skyrocketed. In 2023, there were 43 million single women living in the US, a 55% increase since 2000. Single women are older, more educated, and more financially independent than they were a generation earlier. In 2000, 48% of single women reported voting. And her support is growing: A recent Ipsos survey found Harris leading among single women voters by nearly 40 points.

Persons: Donald Trump, Sen, JD Vance, Jennifer Aniston, Taylor Swift, Kamala Harris, Lady, Swift, Benjamin Button, Meghan McCain, John McCain, he's, Joe Biden, Harris, Jesse Watters, Roe, Wade, Dobbs, Trump, —, MeToo, Biden, Tim Walz, Jake Paul Organizations: Pew Research Center, Pew, Democratic, Fox News, Survey Center, Gallup, Social Survey, Biden, Alpha Kappa Alpha Sorority, Trump Locations: Ohio, America

☆ Jerry Seinfeld says he no longer thinks the ‘extreme left’ has broken comedy
▼ + stars: | 2024-10-16 | by ( Rosa Rahimi | ) edition.cnn.com time to read: +3 min

CNN —Jerry Seinfeld says he “officially” takes back his claim that the “extreme left” is suppressing the art of comedy. This is the result of the extreme left and P.C. Speaking to comedian Tom Papa on Tuesday’s episode of the Breaking Bread podcast, Seinfeld admitted that he “got it wrong” and it is “not true” that the extreme left has inhibited the art of comedy. You don’t make the gate, you’re out of the game. “I don’t think the … extreme left has done anything to inhibit the art of comedy.

Persons: Jerry Seinfeld, “, reminisced, ’, ‘, ‘ Mary Tyler Moore ’, there’ll, ”, Seinfeld, Tom Papa, you’re Lindsey Vonn, you’re, ” Seinfeld, Muhammad Ali, Sean Connery, … Organizations: CNN, Yorker, New Yorker Locations: United States

☆ Great risks to the downside as U.S. markets trade at record highs, CIO says
▼ + stars: | 2024-10-16 | 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 EmailGreat risks to the downside as U.S. markets trade at record highs, CIO saysFreddie Lait, chief investment officer at Latitude Investment Management, comments on the disparity between "benign" top-down data and waning consumer demand.

Persons: Freddie Lait Organizations: Latitude Investment Management

☆ New Georgia election rules passed by Trump-backed board are unconstitutional, judge rules
▼ + stars: | 2024-10-16 | by ( Devan Cole | ) edition.cnn.com time to read: +3 min

CNN —A judge in Georgia has struck down a slate of controversial new election rules passed by Donald Trump allies, including two that Democrats say would inject post-election “chaos” into the critical battleground state. Three GOP members of the Georgia State Election Board were thrust into the spotlight after Trump mentioned them by name at a rally in Atlanta this summer. Among the other rules Cox invalidated is one that would have required officials to hand-count the number of ballots cast at each polling place, saying Georgia law didn’t support the requirement. A different judge in the state paused the ballot hand counting rule on Tuesday in a separate challenge brought against it by Cobb County. “The rule vastly expands the authority and obligations of poll officials in preparing ballots pre-delivery to the superintendents and pre-certification,” Cox wrote Wednesday.

Persons: CNN —, Donald Trump, Thomas Cox, ” “, ” Cox, Kamala Harris, Joe Biden, Trump, “, ” Trump, ”, Cox, didn’t Organizations: CNN, Trump, Democratic, Peach State, GOP, Vigilance Locations: Georgia, Fulton, Peach, Atlanta, Cobb County

☆ We're bending our investment rules and starting positions in 2 of our Bullpen stocks
▼ + stars: | 2024-10-16 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

We're initiating positions for Jim Cramer's Charitable Trust in BlackRock and CrowdStrike . BlackRock is the world's largest asset management manager and leading provider of investment, advisor, and risk management solutions. There's a good whitepaper on CrowdStrike's website published by IDC that explains the value of the CrowdStrike Falcon XDR platform. It was a major blow for a cybersecurity company, especially one with a pristine reputation. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, CrowdStrike, Larry Fink, Fink, George Kurtz, Jim, Satya Nadella, They've, Jim Cramer Organizations: BLK, CRWD, BlackRock, Trust, Investing, Retail, Blackrock, Global Infrastructure Partners, Management, Money, We're, IDC, Falcon, Microsoft, Palo Alto Networks, Alto Networks, SEC, CNBC Locations: BlackRock, CrowdStrike, Blackrock, Palo, Cybersecurity, We're

☆ Top Wall Street analysts are boosting stock market forecasts as the bull market charges on
▼ + stars: | 2024-10-16 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

A number of bank research desks have raised their S&P 500 price targets in recent weeks. AdvertisementThe bull market hasn't weakened in the fourth quarter, and top bank research desks have been rushing to raise their S&P 500 price targets into year-end. AdvertisementBelski said his upgrade was based on strong market gains so far this year, which he says typically leads to stronger-than-normal gains in the fourth quarter. Lakos-Bujas kept his 4,200 price target for the S&P 500 unchanged, though. AdvertisementThe more upbeat 2024 forecasts come as the bull market charges on, with the S&P 500 up 3.2% in the last month and 22.6% this year.

Persons: —, hasn't, Goldman Sachs, Jonathan Golub, Patrick Palfrey, David Kostin, Kostin, Brian Belski, Belski, Dubravko Lakos, Bujas Organizations: Service, UBS, BMO, Deutsche Bank, Bloomberg, Reserve

☆ Gold ticks up as Treasury yields slip; U.S. retail sales data in focus
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: +2 min

Gold prices inched higher on Wednesday, as U.S. Treasury yields eased, while market participants waited for more U.S. economic data to determine the number of interest rate cuts the Federal Reserve is likely to deliver in the near term. Spot gold rose 0.3% to $2,667.97 per ounce by 0217 GMT, $17 shy of a record high hit last month. The 10-year Treasury yields slipped for a third straight session, making zero-yield bullion more appealing. "The game changer in gold prices is the U.S. monetary policy easing as it sets the stage for investment demand," said ANZ commodity strategist Soni Kumari. Delegates to the London Bullion Market Association's annual gathering predicted gold prices would rise to $2,941 over the next 12 months and silver prices would jump to $45 per ounce.

Persons: Soni Kumari, Mary Daly, Raphael Bostic, Benjamin Netanyahu, Emmanuel Macron Organizations: SA, Treasury, Federal Reserve, ANZ, San Francisco Federal Reserve Bank, Atlanta Fed, London Locations: Budapest, Hungary, U.S, rearming

“I think, frankly, that ad from the Trump campaign is a little bit of like throwing, you know, stones when you’re living in a glass house,” she said. He asked how many undocumented immigrants Harris would estimate the administration has released into the United States during Biden’s presidency. Baier asked Harris about Laken Riley, the 22-year-old Georgia nursing student who was killed while jogging in February. Harris maintained over the course of the interview that the immigration system is broken – a position held by Democrats and Republicans. “I do not believe in decriminalizing border crossings, and I’ve not done that as vice president,” she said.

Persons: Kamala Harris, Donald Trump’s, Joe Biden’s, Harris, “, ” Harris, ” “, ”, Bret Baier, Trump, Liz Cheney, George Washington, Adam Kinzinger, Gov, Geoff Duncan, – Harris, Joe Biden, Baier, Donald Trump, You’re, Brian Hughes, “ Kamala Harris, ” Baier, “ Bret, let’s, Laken Riley, Jose Antonio Ibarra, “ I’ve, I’ve Organizations: CNN, Republican, Fox News, Trump, Fox, American, United, Wyoming, Continental, Illinois Rep, Democratic, New York Times, of Prisons, Times, Republicans, Biden, Democrats Locations: ”, United States, America, Washington Crossing , Pennsylvania, Delaware, Georgia, Washington ,, California, Mexico, Venezuela

☆ Stock market today: Dow jumps 337 points to fresh record as US stocks rise on solid earnings
▼ + stars: | 2024-10-16 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Stocks rose on Wednesday after traders took in a handful of strong corporate earnings reports. Chip stocks wavered after Tuesday's selloff, with eyes on TSMC ahead of earnings. AdvertisementUS stocks rose on Wednesday as traders took in strong earnings results to bounce back from a sell-off in the chip sector in the previous session. Stocks, though, are on par for another strong quarter of earnings results. The S&P 500 is on track to report 7% year-per-year earnings growth for the third quarter, according to estimates from FactSet.

Persons: Morgan Stanley, Tuesday's selloff, —, ASML Organizations: United Airlines, Service, Dow Jones, Micro Devices, Investors, Nvidia Locations: FactSet, Here's

☆ European stocks set to open lower as global markets see declines; ASML earnings due
▼ + stars: | 2024-10-16 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a lower open Wednesday as global market sentiment takes a turn lower. The U.K.'s FTSE 100 index is expected to open 6 points lower at 8,249, Germany's DAX down 35 points at 19,482, France's CAC down 59 points at 7,469 and Italy's FTSE MIB down 137 points at 34,246, according to data from IG. The lower open seen for Europe's major bourses follows declines on Wall Street Tuesday and comes as most Asia-Pacific markets traded lower overnight, with Japan's Nikkei leading losses. U.S. stock futures were calm Tuesday evening as Wall Street looked to see whether equities can be rebound to record highs this week; the S&P 500 and Dow hit all-time highs Monday. Earnings in Europe Wednesday come from chip firm ASML.

Persons: Germany's DAX, Morgan Stanley Organizations: France's CAC, IG, Japan's Nikkei, Dow Locations: Asia, Pacific, Europe

☆ This regional bank beating the market proves 'boring works,' says Bank of America
▼ + stars: | 2024-10-16 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

A number of catalysts are set to drive shares of PNC Financial higher, according to Bank of America. The Pittsburgh-based regional bank was reiterated as a buy and its price target raised to $211 from $204, implying more than 9% upside from Tuesday's close, the Wall Street investment bank said. Stepped up "new loan commitments provide some optimism around the potential for a pickup in loan growth heading into 2025," the 11-page report said. Of 24 analysts covering the stock, 15 have a strong buy or buy rating, while seven are neutral. On Tuesday, PNC rose about 2% thanks to the regional bank's quarterly results topping Wall Street estimates .

Persons: That's, Ebrahim Poonawala, Mgmt, Poonawala Organizations: PNC Financial, Bank of America, Wall, PNC, Wall Street Locations: The Pittsburgh, SPX, Texas

☆ An incoming 'M&A supercycle' wouldn't just be a win for dealmakers
▼ + stars: | 2024-10-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, Goldman Sachs' earnings result might be a sign of the long-awaited return of M&A . The big storyM&A for allWin McNamee/Getty ImagesDon't look now, but M&A might finally be coming back. Goldman Sachs, Wall Street's perennial M&A king, smashed analysts' third-quarter expectations , notching $3 billion in profits. One analyst took things a step further, floating the idea of an "M&A supercycle" once the money that's been sitting on the sidelines finally gets put to work.

Persons: —, Goldman Sachs, Win McNamee, Insider's Reed Alexander, David Solomon, that's, Jenny Chang, Rodriguez, Mariana Bazo, Tyler Le, TSMC, Biden, Donald Trump, Elon Musk, TK, Alex Brandon Elon Musk, Kamala Harris, Alain Tascan, Jeet Shroff, Shroff, Morgan Stanley, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, LaGuardia Airport, Getty, BI, Monetary Fund, Chartered, Apple, Bloomberg, Google, Trump, PAC, America PAC, AP, Trump PAC, Epic, Discover Financial Services Locations: Midtown Manhattan, China, lockstep, New York, London

☆ The sun is at its 11-year maximum. That means another year of eruptions that can endanger satellites, ground flights, and spark stunning auroras.
▼ + stars: | 2024-10-16 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

NASA says the sun is in the highly active "maximum phase" of its 11-year solar cycle. That means there will probably be big solar storms bringing beautiful aurora in the next year or so. Solar eruptions can also disrupt GPS, delay flights, and even knock out power grids. NASA announced Tuesday that the sun is in the "maximum phase" of its 11-year solar cycle, which basically means it's hyperactive. National Weather Service in Shreveport, LABut solar eruptions can also endanger satellites, astronauts, and even power grids here on Earth.

Persons: —, Kelly Korreck, Morgan McFall, Johnsen, Elsayed Talaat, Bill Murtagh, Murtagh, Lisa Upton, they'd, it's, Upton Organizations: NASA, Service, National Weather Service, NASA's, National Oceanic, Atmospheric Administration, NOAA, Prediction Locations: Arizona, California, Shreveport , Louisiana, Shreveport, LA, NASA's Heliophysics, Sweden, Arkansas, San Francisco

☆ Stanley Druckenmiller says he's 'licking my wounds' from selling Nvidia too soon
▼ + stars: | 2024-10-16 | by ( Cj Haddad | ) www.cnbc.com time to read: +2 min

Billionaire investor Stanley Druckenmiller said on Wednesday that his decision to sell out of Nvidia this year was a "big mistake." Druckenmiller's comments do not reflect Nvidia's 10-for-1 stock split, which went into effect in June. "It tripled in a year, and I thought the valuation was rich," Druckenmiller told Bloomberg. Druckenmiller told CNBC in May that Nvidia was "a little overhyped now, but underhyped long term." He added that he was introduced to Nvidia in 2022, when "I didn't even know how to spell it."

Persons: Stanley Druckenmiller, I've, —, Druckenmiller, we've, we'd, financials Organizations: Nvidia, Bloomberg, Duquesne, Meta, Microsoft, CNBC

☆ The private credit run isn't over, says Nuveen. Here's how to invest
▼ + stars: | 2024-10-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

There's a lot to like about private credit these days, according to Nuveen. "The private credit run isn't over yet," Saira Malik, the asset manager's chief investment officer and head of equities and fixed income, wrote in a recent report. How to invest While private credit is largely seen as an instrument for institutional investors, individual investors have also been moving into the space. "Over the next 10 years, I think the story is going to be much more about the democratization of private credit." Meanwhile, A-shares of the Franklin BSP Private Credit Fund have a $2,500 minimum investment and a 8.96% annualized distribution rate, as of Oct. 15.

Persons: Saira Malik, Malik, Ken Kencel, Kencel, Credit's, Nuveen, Churchill's, BDC Organizations: Churchill Asset Management, Nuveen, Blackstone Private Credit Fund, Blackstone, Franklin BSP Private Credit Fund, Ares Capital Corp, Fund, Owl Capital Corporation, Lending Corp Locations: Franklin

☆ Stifel’s Barry Bannister sticks to his bearish market stance
▼ + stars: | 2024-10-16 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Over the past month, the S & P 500 has climbed 3.2% to break above 5,800 for the first time. "Despite all the soft-landing and Fed rate cut optimism, the S & P 500 up almost 40% y/y has simply over-shot," he wrote in a note to clients. "S & P 500 over-valuation has been supported by (and fully reflects) the Fed likely cutting the real funds rate," he added. This summer, he said he expected the S & P 500 to fall to 5,000 by the fourth quarter. While not included in CNBC Pro's Market Strategist Survey , that forecast would mark Stifel as the second lowest among those surveyed.

Persons: Barry Bannister, Stifel, manias, Bannister Organizations: Federal Reserve, CNBC Pro's, Survey, Citi, Cisco Systems

☆ Lionel Messi equals Cristiano Ronaldo’s hat-trick record after vintage performance for Argentina
▼ + stars: | 2024-10-16 | by ( Ben Church | ) edition.cnn.com time to read: +3 min

CNN —Lionel Messi rolled back the years with a vintage performance for Argentina on Tuesday, scoring three goals in his nation’s 6-0 thrashing of Bolivia in a 2026 World Cup qualifier. It was the 37-year-old’s 10th international hat-trick, a tally which draws him level with Cristiano Ronaldo’s record in men’s soccer. It was Messi who got the party started, capitalizing on a defensive error to put his country ahead after 19 minutes. The former Barcelona superstar then whipped the home crowd into a frenzy with two quick goals before the final whistle. Messi was making just his second appearance for his country since July after overcoming an ankle injury.

Persons: Lionel Messi, Cristiano Ronaldo’s, “, ” Messi, I’ll, Messi, unselfishly, Lautaro Martínez, Julián Álvarez, Luis Robayo, Thiago Almada, Messi wasn’t Organizations: CNN, Argentina, Estadio Monumental, Inter Miami, Messi, Bolivian, Venezuela, CONMEBOL Locations: Bolivia, soccer, Buenos Aires, Argentina, AFP, Barcelona, Colombia, Paraguay

☆ Wall Street strategists sour on the China trade, see stimulus as another 'boom-bust' episode
▼ + stars: | 2024-10-16 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Beijing's lack of concrete economic stimulus actions poured cold water on U.S. investors who went big on the China trade, and strategists on Wall Street are warning of disappointment ahead. The professional cohort had piled into beaten-down stocks last month, stirred by hopes of more government assistance for the troubled China economy. "Indeed, the only part of the Chinese economy that appeared to be holding was its export sector. Investor sentiment toward Chinese stocks was partly aided by high-profile hedge fund manager David Tepper of Appaloosa Management, who turned extremely bullish. Stanley Druckenmiller reportedly said he's not interested in Chinese stocks under the current political leadership, regardless of the new policies.

Persons: Stefano Pascale, Sameer Samana, Donald Trump, Barclays Pascale, David Tepper, Tepper, Ray Dalio, Stanley Druckenmiller, he's, — CNBC's Michael Bloom Organizations: Barclays, Trump, CSI, Appaloosa Management, CNBC Locations: China, Wells Fargo, Beijing

☆ Menendez brothers case: Lyle and Erik Menendez await a decision that could see them released from prison
▼ + stars: | 2024-10-16 | by ( Chelsea Bailey | Amanda Musa | ) edition.cnn.com time to read: +4 min

In 1996, the Menendez brothers were convicted and sentenced to life in prison without the possibility of parole for the murders of their parents, Jose and Kitty, in their Beverly Hills home. Erik Menendez, left, is seen on October 31, 2016, and Lyle Menendez is seen on February 22, 2018, in photos provided by the California Department of Corrections and Rehabilitation. In the letter, Erik Menendez wrote, “I’ve been trying to avoid dad. He told ABC his office is expected to make a decision on the Menendez brothers’ sentence sometime this month. The case has reemerged following last month’s release of the Netflix series,“Monsters: The Lyle and Erik Menendez Story.” Netflix also this month released a documentary on the Menendez case featuring both men discussing what led to the murders.

Persons: Lyle, Erik Menendez, Menendez, Kitty, they’ve, Jose Menendez’s, George Gascón, Erik, Lyle’s, Karen Vander MolenCopley, “, ” MolenCopley, Lyle Menendez, MolenCopley, Gascón, “ I’ve, Andy, ” Gascón, Loni Coombs, CNN’s Jim Acosta, ‘ I’m, ”, Coombs Organizations: CNN, Los Angeles District, ABC, California Department of Corrections, Rehabilitation . California Department of Corrections, Rehabilitation, Netflix, Former Los Angeles Locations: Angeles County, Beverly

☆ 'Monsters' is making Milli Vanilli hot again, the latest act supercharged by a Netflix show
▼ + stars: | 2024-10-16 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Milli Vanilli is the latest act to get a streaming boost from a Netflix show. Three songs by the German pop duo feature in "Monsters: The Lyle and Erik Menendez Story." Kate Bush and The Cramps have also had songs revived by Netflix shows. AdvertisementMilli Vanilli is the latest act to get a second wind with younger generations thanks to Netflix. "When something like this resurgence happens 20 years later, for example, the people making money aren't those artists.

Persons: Lyle, Erik Menendez, Kate Bush, —, Rob Pilatus, they've, haven't, Milli, Kate Bush's, Goo Muck, Jenna Ortega, Anu Pillai, Pillai, Pilatus Organizations: Netflix, Service, TikTok, Billboard, Producers Guild, Morvan Locations: German, Milli

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