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☆ Amazon crushed it in e-commerce and cloud, forecast an impressive holiday quarter
▼ + stars: | 2024-10-31 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Amazon reported a much better-than-expected third quarter Thursday, with strong growth across online sales, its cloud business and advertising. Commentary Cloud unit Amazon Web Services (AWS) revenue in the third quarter was essentially in line with the consensus forecast. Growth on a constant currency basis held steady from the second quarter at 19%, breaking a three-quarter streak of accelerating revenue growth. Quarterly results As for the rest of the company, Amazon delivered revenue beats across Online Stores (7% revenue growth), Subscription Services (11% revenue growth), and Advertising Services (19% revenue growth). Smaller businesses like Physical Stores (5% revenue growth) and Other (7% revenue growth) were better than expected too.

Persons: Andy Jassy, Jassy, it's, Kuiper, That's, Jim Cramer's, Jim Cramer, Jim, Nathan Stirk Organizations: Amazon, LSEG, Management, Walmart, Target, Microsoft, North America, International, Web Services, AWS, Subscription Services, Advertising Services, Seller Services, CNBC, Getty Locations: North, North America, United Kingdom, Germany, Sutton Coldfield, England

☆ Technology for Your Board
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: 1 min

As companies face an increasingly complex digital landscape, new cybersecurity and AI governance standards are emerging. Technology is both a driver of value and a source of risk. So, is your Board prepared to stay ahead of these threats while simultaneously driving value? Guest: Nora Denzel, AMD Lead Independent Director and NACD Blue Ribbon Commission on Board Oversight of Technology Chair

Persons: Nora Denzel Organizations: Technology, AMD, Commission

☆ Here are Thursday's biggest analyst calls: Meta, Coinbase, Microsoft, Robinhood, Wingstop, Target & more
▼ + stars: | 2024-10-31 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are the biggest calls on Wall Street on Thursday: Goldman Sachs reiterates Microsoft as buy Goldman says the stock remains extremely attractive following earnings on Wednesday. Bank of America reiterates as Meta as buy Meta remains a "top AI pick" following earnings on Wednesday. Deutsche Bank downgrades Kraft Heinz to hold from buy Deutsche says it sees "reduced growth" following earnings. BTIG upgrades Wingstop to buy from neutral BTIG said investors should buy the dip following earnings on Wednesday. "We are upgrading shares of Wingstop to Buy from Neutral with a $370 price target following the post-earnings selloff in shares yesterday."

Persons: Goldman Sachs, Goldman, Al, Oppenheimer, Wolfe, Bernstein, it's, JPMorgan downgrades Brinker, Morgan Stanley downgrades Biogen, Morgan Stanley, Deutsche Bank downgrades Kraft Heinz, KBW, Wells, Wells Fargo, L3Harris Organizations: Microsoft, Bank of America, Meta, JPMorgan, Chili's, Corp, Deutsche Bank, Deutsche, Walmart, Technologies, of America Locations: Robinhood, 4Q24, OW

☆ Investors getting very bullish heading into the election
▼ + stars: | 2024-10-30 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The U.S. presidential election is less than one week away, and investor positioning has gotten very bullish. "Animal spirits have been unleashed, as investors haven't wasted time positioning themselves up for a typical post-election/year-end rally," Cau said in a note. He also pointed out that these inflows come as expectations of former President Donald Trump winning next week have increased. Indeed, shares of Trump Media — which have been a market proxy for Trump's 2024 election chances — have soared a whopping 220.5% in the past month alone. "After Q3, we lack confidence that Boeing shares can outperform the market in the next 12 months."

Persons: Emmanuel Cau, haven't, Cau, Donald Trump, —, Kamala Harris, Bernstein Organizations: U.S, Barclays, Trump Media, NBC, Boeing Locations: U.S

☆ BBG Ventures raises $60 million for its latest fund and moves beyond just backing female founders
▼ + stars: | 2024-10-30 | by ( Leena Rao | ) www.businessinsider.com time to read: +4 min

New York-based BBG Ventures has raised a new $60 million fund. The latest fund will invest in both female founders and those with diverse backgrounds. Ten years later, the seed stage fund has raised a new $60 million fund and is moving beyond just backing female founders to any entrepreneur from a diverse background. AdvertisementWhen Verizon bought AOL in 2015, BBG Ventures separated and raised a new $50 million fund. Related storiesDua explained that the decision to move beyond exclusively backing just female founders reflects the duo's shift in thesis around innovation.

Persons: —, VCs, Susan Lyne, Nisha Dua, Lyne, Dua, Nordstrom, clamoring Organizations: BBG Ventures, California Endowment, Mizuho, Service, AOL, Founders, Spring Health, Verizon, State of Michigan Retirement Services, Illumen, Investments, Fairview Capital, Bank of America Locations: York, U.S, Spring, Nara, Dua, Lyne

☆ For Nigerian artist Nengi Omuku every painting has two sides
▼ + stars: | 2024-10-30 | by ( Precious Adesina | ) edition.cnn.com time to read: +6 min

London CNN —At Frieze London this year, three large artworks by the artist Nengi Omuku were hung away from the walls so viewers could walk around them. The other presented strips of sanyan, a thick traditional Nigerian fabric that Omuku uses to replace the usual canvas fabric painters often use as their base. “The fact I’m painting on a vintage surface gives soul to my work,” Omuku said over Zoom two days before the fair opens. Omuku's work is painted directly onto strips of sanyan, a thick traditional Nigerian fabric. “I’d never seen a pre-colonial Nigerian textile before, and it looked quite similar to linen.”The artist has exhibited in Paris, New York, Bangkok and London.

Persons: CNN Style’s, Alayo, Nengi Omuku, ” Omuku, it’s, Yinka Shonibare, Omuku, Todd White, Loewe, Kristin Hjellegjerde, Keir Starmer, sanyan, “, ”, “ I’d, Rees, I’ve, there’s, “ I’m Organizations: CNN, London CNN, London, ”, Frieze’s, Slade School of Fine Art, Baltimore Museum of Art, Institute of Contemporary Art, ICA Miami, British, Downing, Co, Slade Locations: London, Nigeria, Lagos, Paris, Bangkok, New York, Miami, Paris , New York, Dakar, Senegal, Nigerian

☆ The US is in a technological arms race with China, Air Force secretary says, and AI could decide who wins
▼ + stars: | 2024-10-30 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

The focus on advanced technologies has put the two countries into a different kind of arms race. The US Air Force secretary suggested that AI could be decisive in future warfare. On Tuesday, Air Force Secretary Frank Kendall said China has been effectively modernizing the People's Liberation Army, fielding systems with the intent of challenging US forces, especially its high-value combat assets like carriers and satellites. China has built up its Rocket Force, developing capabilities that put US military assets at military bases and airfields across the Indo-Pacific within striking range. The Air Force secretary said that he doesn't think people who say that AI is "going to determine who's the winner in the next battlefield" are "all that far off."

Persons: —, Frank Kendall, Kendall, Xi Jinping, Sarah Weinstein, Giancarlo Casem Organizations: US Air Force, Service, Air Force, People's Liberation Army, Microelectronics, National Semiconductor Technology, PLA, Eastern Theater Command, Weibo, Department of Defense, Rocket Force, Navy, DARPA, USAF, Marines Locations: China, Taiwan, Beijing, Ukraine

☆ Dude Perfect's new Texas headquarters will also serve as a studio for YouTube creators
▼ + stars: | 2024-10-30 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Dude Perfect is planning a new studio facility in Texas for YouTube and other creators, BI revealed. Dude Perfect, with 60M YouTube subscribers, is expanding its media empire in Frisco. It's now opening an 80,000-square-foot entertainment destination headquartered in Frisco with features like a Dude Perfect museum, mini-golf course, and restaurants. Amazon just announced a deal with creator-focused firm Spotter to give its clients (which include Dude Perfect) opportunities to monetize their content on the e-commerce giant. With big companies, teams, and talent located in Texas, does Dude Perfect need LA?

Persons: —, — Garrett Hilbert, Tyler Toney, Cody Jones, Coby Cotton, Cory Cotton —, Andrew Yaffe, It's, Mark Rober, Yaffe, we'll, We've, it's, Jake Paul, Mike Tyson's Organizations: YouTube, Service, Walmart, Highmount, Samsung, DFW, Dallas, May Otis, Netflix Locations: Texas, Frisco . Dallas, Frisco , Texas, Frisco, Dallas, DFW, Los Angeles, Atlanta, Chicago, LA, New York, Arlington , Texas

☆ Eli Lilly's quarter was messy. What to do with the stock is more clear-cut
▼ + stars: | 2024-10-30 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +11 min

The report was messy, but it doesn't dim Eli Lilly's bright multiyear outlook, rendering the dip in the stock as a chance to buy. LLY .SPX 5Y mountain Eli Lilly's five-year stock performance compared with the S & P 500. Bottom line We're upgrading Eli Lilly to our buy-equivalent 1 rating and leaving our price target of $1,000 a share unchanged. Eli Lilly Why we own it: Eli Lilly's best-in-class drugs should enable growth above the industry average for many years to come. Eli Lilly's new Alzheimer's drug Kisunla, which was approved by the FDA in July, was not a major focus on the call.

Persons: Eli Lilly, Eli, Eli Lilly's, Jim Cramer, Jim, —, that's, David Ricks, Ricks, Semaglutide, Wegovy, Lilly, There's, Mounjaro, Trulicity, Verzenio, Jim Cramer's, Cristina Arias Organizations: Revenue, The Club, CNBC, JPMorgan, Novo Nordisk, Food, Novo Nordisk's, FDA, Zepbound, Biogen, Merck, Pfizer, Morphic, Company, Pharmaceutical Locations: Tuesday's, U.S, Novo, Eisai, FactSet, Zepbound, Alcobendas, Madrid, Spain

AdvertisementFor more than a decade, Big Tech companies doled out lavish perks to hire and retain a limited supply of technical talent — and some workers pushed the limits of these benefits. AdvertisementBusiness Insider interviewed tech workers and industry experts about Grubgate and the evolving relationship between Big Tech companies and staff. They also described how layoffs, efficiency drives, and tougher policy enforcement have shifted the culture at once easygoing tech companies. According to job marketplace Trueup, at least 650,000 tech workers have been cut since the start of 2023. Alongside industrywide layoffs that began in 2022, many tech companies also trimmed back the benefits on offer.

Persons: —, Meta, grifting, that's, Allison Shrivastava, it's, Googler, Mark Zuckerberg, Zuck, Patrick Mork, Wall, Mork, Dilip Rao, he's, Bruce Daisley, Daisley Organizations: Big Tech, Service, Google, Meta, US Meta, Snap, Nintendo, Twitter, YouTube Locations: Silicon Valley, Mountain View, Tupperware, US, Meta

Define your real estate goalsWhat are you looking to gain from real estate investing, and what risks are you willing to take? REITs (real estate investment trusts)One of the best ways to start investing in real estate as a beginner is with a real estate investment trust (REIT). Real estate limited partnershipsA real estate limited partnership (RELP) provides investors with a diversified portfolio of real estate investment opportunities. Other notable real estate books worth checking out include:"The Warren Buffet Way" By Robert G. Hagstrom"The Real Estate Investor's Guide to Flipping Houses" By J. Scott"The Intelligent Investor" By Benjamin GrahamLocal real estate investment clubsConnecting with local real estate investment enthusiasts can be a great way to engage with the real estate community and expand your knowledge. FAQs about real estate investing for beginnersHow much money do I need to start investing in real estate?

Persons: Dana Bull, Chad Carson, CoachCarson.com, Equity REITs, Richard Ratner, Ratner, Bull, —, Brandon Turner, Insider's, Robert G, Scott, Benjamin Graham Organizations: Dana Bull Real Estate Consulting, Equity, Publicly, Bel Air Investment Advisors, Property, Resources, Beginners, Benjamin Graham Local Locations: Chevron, REITs

☆ Former Google CEO Eric Schmidt says future wars will be fought by AI drones and calls tanks 'useless'
▼ + stars: | 2024-10-30 | by ( Hugh Langley | ) www.businessinsider.com time to read: +4 min

Eric Schmidt says drones are the future of warfare, calling the use of tanks "useless." AdvertisementEx-Google CEO Eric Schmidt said future wars will be fought by AI-powered drones, and urged the US military to do away with what he called "useless" tanks. In fact, buy 10, buy 20, buy 50, buy 100." Related Video Russian vs. Western-made tanks in the Ukraine warFor almost a decade, Schmidt has advised the US government and military on technology. AdvertisementAsked about the Russia-Ukraine conflict, Schmidt said he had been surprised by innovations in drone technology.

Persons: Eric Schmidt, Schmidt, —, He's, Sebastian Thrun, Forbes Organizations: Service, Future Investment Initiative, Department of Defense's Innovation, US National Security, Artificial Intelligence, Stanford University, Troops Locations: Ukraine, Saudi Arabia, Russia, Russian

☆ Steve Bannon is released from prison in time for the last-week push to Election Day
▼ + stars: | 2024-10-29 | by ( Sara Murray | ) edition.cnn.com time to read: +4 min

CNN —Steve Bannon was released from federal prison Tuesday, according to a source with knowledge, emerging just a week before Election Day to retake the helm of his weakened right-wing media platform. “War Room,” which frequently appeared in Apple’s Top Podcasts before Bannon reported to prison, fell off the charts by early July, according to data from Podchaser. Peltz still predicted Bannon would be a prominent voice for election denialism if it appears Trump is coming up short after Election Day. On the “War Room” podcast, a cast of fill-in hosts cheered Bannon’s return. In May, Bannon claimed on his podcast that “they’re going to do everything to steal this election,” as he reiterated the baseless claim that the 2020 presidential election was stolen.

Persons: Steve Bannon, Bannon, Donald Trump’s, Maureen, Bannon’s MAGA, we’ve, ”, Madeline Peltz, Trump, “, ” Peltz, Bannon’s, Mike Lindell, Stephen K, MAGA, ” Natalie Winters, Winters, “ It’s, “ Bannon, “ There’s, CNN’s Sabrina Shulman, Maria Aguilar Prieto, Maria Sole Campinoti Organizations: CNN, Trump, Capitol, Apple, Media, Edison, Media Matters Locations: Connecticut, Podchaser, New York

☆ We're making a flurry of trades: Buying 2 beaten-up stocks, taking profits in another
▼ + stars: | 2024-10-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

We're also buying 25 shares of Danaher at roughly $243.21 and 25 shares of Constellation Brands at $236.36. We're locking in profits in Best Buy based on a theme developing this earnings season. We're taking the Best Buy sale proceeds to pick up shares in two stocks that have been beaten up post-earnings: Danaher and Constellation Brands. As noted in Monday's Homestretch , Danaher stock last week suffered its worst weekly performance since 2020. NEW YORK, NEW YORK - OCTOBER 16: Traders and others work on the New York Stock Exchange (NYSE) floor in New York City.

Persons: Jim Cramer's, We're, D.R, toolmaker Stanley Black, Danaher, Jim Cramer, Jim, Spencer Platt Organizations: Constellation Brands, Club, Corona, Constellation, CNBC, NEW, Traders, New York Stock Exchange, Getty Locations: Danaher, Horton, Monday's, bioprocessing, Modelo, Mexico, New York City

☆ Republicans are mobilizing expat votes for Trump in Israel, hoping to tip the scale in battleground states
▼ + stars: | 2024-10-29 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +8 min

According to the FVAP, only about 5% of American voters in Israel cast their ballot in 2020. AdvertisementHe said American voters in Israel will be asking, '"Which presidency is the one that will save the lives of my children?" He said his in-laws plan to vote for Harris, while his wife may vote for Trump for the first time. In Trump-friendly Israel, American expats are dividedIn general, Israel is Trump-friendly territory. He said that among American voters in Israel, Orthodox Jews are more likely to support Trump, while secular Jews tend to favor Harris.

Persons: —, Judith Segaloff, Segaloff, Expats, Donald Trump, AHMAD GHARABLI, iVote, Heather Stone, they've, Kamala Harris, Stone, Sen, JD Vance, Trump's, Harris, Trump, Raphael Gantshar, Gantshar, Benjamin Netanyahu, Abraham, SAUL LOEB, Tzvi Silver, I'm, Silver, Langer, Uriel Abulof, Abulof, Bibi, Here's Organizations: Service, West Bank, International Court of Justice, Republican Overseas, Getty, Voting, Israel, CBS News, Democratic National Committee, Republican, New Yorker, Abraham Accords, Trump, Accords, Langer Research, Jewish, Tel Aviv University's School of Political Science, Israeli, Republicans Overseas Locations: Israel, AFP, iVote Israel, New York , New Jersey, California, Pennsylvania, Michigan, Gaza, Lebanon, New, New Jersey, PORI

☆ Americans’ economic mood is perking up ahead of the election, survey finds
▼ + stars: | 2024-10-29 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

The Conference Board’s latest consumer survey showed that Americans this month became more optimistic about the future of both the labor market and the broader US economy. The monthly survey’s Consumer Confidence Index jumped in October by the fastest clip since March 2021. In September, jitters over the job market’s health weighed on consumer confidence, but economic data after that showed that the job market remains solid. “Views on the current availability of jobs rebounded after several months of weakness, potentially reflecting better labor market data,” Peterson said. Data for September pointed to a robust job market, which translated into better consumer confidence.

Persons: “, ” Dana Peterson, jitters, ” Peterson, Kamala Harris, ”, Lael Brainard, Robert Frick, August’s Organizations: Washington CNN, Conference Board’s, White House, Navy Federal Credit Union

☆ Israel’s strikes on Iran shattered a forty-year taboo. Tehran may now be forced to rethink its defense strategy
▼ + stars: | 2024-10-29 | by ( Mostafa Salem | ) edition.cnn.com time to read: +7 min

Israel openly said it conducted “precise strikes” on military targets in Iran. “Israel now has broader aerial freedom of operation in Iran,” Israel’s military spokesman Daniel Hagari said, touting achievements in the attack. The idea was that if Israel were to strike Iran, Tehran would retaliate by unleashing its militias against Israel. Iranian officials have repeatedly stated that they have no intention of weaponizing the country’s nuclear program, while simultaneously using its potential as leverage in negotiations with the West. “Even the more hawkish American presidents have not favored taking military strikes because the most likely outcome is that, at some point, that will make Iran turn nuclear,” Parsi said.

Persons: CNN —, Israel, Israel didn’t, “, ”, Daniel Hagari, Ayatollah Ali Khamenei, Benjamin Netanyahu, Nicole Grajewski, Hassan Nasrallah, ” Mohammad Ali Shabani, Amwaj.media, Trump, Fatemeh, Parsi, Grajewski Organizations: CNN, Schools, Iran’s, Quincy Institute, Responsible, Nuclear, Carnegie Endowment, International Peace, Israel, West, Bushehr Nuclear Power, Anadolu Agency, Getty Locations: CNN — Iran, Republic, Israel, Iran, Islamic Republic, Israeli, Damascus, “ Israel, Tehran, Washington, Syria, Israel’s, Gaza, Lebanon, London, Iraq, Bushehr

☆ Election win for Russia-friendly party in Georgia sets the stage for protests and possible violence
▼ + stars: | 2024-10-28 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

Citizens and Georgian Dream Party supporters, carrying flags of Georgia and the Georgian Dream Party, attend the Georgian Dream Party's election rally. Anadolu | Anadolu | Getty ImagesMass protests are expected in the Georgian capital of Tbilisi on Monday after the ruling, Russia-friendly party Georgian Dream claimed victory in a contentious parliamentary election this weekend. "We do not accept these stolen election results," stated Tina Bokuchava, the leader of Georgia's main opposition party, the United National Movement, at a press briefing late on Saturday. "It was a total fraud, a total taking away of your votes," Zourabichvili told reporters, flanked by Georgian opposition party leaders, in comments reported by Reuters. Supporters of the Georgian Dream party celebrate at the party's headquarters after the announcement of exit poll results in parliamentary elections, in Tbilisi, Georgia October 26, 2024.

Persons: that's, Salome Zurabishvili, Georgia's, Irakli Kobakhidze, Bidzina Ivanishvili, Tina Bokuchava, Vano Shlamov, Bokuchava, Bidzina, Zourabichvili, Timothy Ash, Ash, Ivanishvili, Dmitry Peskov, Peskov, Irakli Gedenidze, Antony Blinken, Blinken Organizations: Georgian Dream Party, Anadolu, Getty, Georgian, European Union, NATO, United National Movement, National Movement, Afp, Reuters, BlueBay Asset Management, Kremlin's, TASS, Google, OSCE Office, Democratic, Human, European Locations: Georgia, Georgian, Tbilisi, Russia, Soviet, Soviet Union, Russian, EU, Washington, Moscow, Europe, Tbilisi , Georgia, U.S

☆ Companies should embrace newer AI-based technology to improve cyber protection, says Zscaler CEO
▼ + stars: | 2024-10-28 | 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 EmailCompanies should embrace newer AI-based technology to improve cyber protection, says Zscaler CEOJay Chaudhry, CEO of Zscaler, discusses using AI and improving legal avenues to better address emerging and evolving cybersecurity issues.

Persons: Jay Chaudhry

☆ McDonald’s needed to win Americans back. Then came an E. coli outbreak
▼ + stars: | 2024-10-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —Even for a brand as gargantuan as McDonald’s, the last few months have been… a lot. The timing of the outbreak is especially challenging for McDonald’s as it has been trying to win back customers who’ve been put off by higher prices. Over the summer McDonald’s did an about face to try to win people back. “It had been a pretty strong quarter.”And absent the E. coli outbreak, Tuesday’s earnings call might have been all about the value menu and the Crocs. The length and severity of the outbreak is now a wild card for analysts as they assess McDonald’s financial future.

Persons: CNN Business ’, Chris Gaulke, Cornell University’s Nolan, who’ve, Chris Kempczinski, McDonald’s, They’ve, ” RJ Hottovy, it’s, ” Hottovy, “ McDonald’s, McDonald’s didn’t, “ We’ve, Sara Senatore, Chipotle, ” Senatore, “, ”, Wendy’s Organizations: CNN Business, New York CNN, shimmer, New York Mets, Cornell University’s, Cornell University’s Nolan School of Hotel Administration, Associated Press, Colorado Department of Agriculture, Bank of America, Wendy’s Locations: New York

☆ Vietnam waits for major upgrade to its $200 billion stock market
▼ + stars: | 2024-10-28 | by ( Shafi Musaddique | ) www.cnbc.com time to read: +1 min

Vietnam's long wait for emerging market status could soon be over. The Southeast Asian nation is currently classified as a frontier market and has been on the FTSE emerging market watchlist since 2018. An upgrade to emerging market status could see global funds pouring billions into Vietnam's financial market which currently has a market value just north of $200 billion. Speaking to CNBC's "Street Signs Asia" before the confirmation, Maybank Investment Bank Vietnam's Head of Equity Research Thanh Quan Trong said that the FTSE upgrade for Vietnam to emerging market status could come as early as September 2025. "We are seeing good progress in Vietnam fixing the regulatory bottlenecks to get the market upgraded to emerging market status," Trong told CNBC.

Persons: Equity Research Thanh Quan Trong, Pham Minh, Trong Organizations: FTSE, Russell, Maybank Investment, Vietnam's, Equity Research, FTSE Russell, CNBC, World Bank, Vietnam's Institute for Economic, Research Locations: Vietnam

☆ Nvidia overtakes Apple as world’s most valuable company
▼ + stars: | 2024-10-26 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

Nvidia dethroned Apple as the world’s most valuable company on Friday following a record-setting rally in the stock, powered by insatiable demand for its specialized artificial intelligence chips. Nvidia’s stock market value briefly touched $3.53 trillion, slightly above Apple’s $3.52 trillion, LSEG data showed. Nvidia ended the day up 0.8%, with a market value of $3.47 trillion, while Apple’s shares rose 0.4%, valuing the iPhone maker at $3.52 trillion. In June, Nvidia briefly became the world’s most valuable company before it was overtaken by Microsoft and Apple. Shares of Nvidia, Apple and Microsoft have an outsized influence on the richly valued technology sector as well as the broader U.S. stock market, with the trio accounting for about a fifth of the S&P 500 index’s weight.

Persons: OpenAI, ”, Russ Mould, AJ Bell, ” Nvidia’s, TSMC, Rick Meckler, “ Organizations: Nvidia, Apple, Microsoft, Western Digital, ”, chipmaker, Huawei, Federal Reserve, Cherry Lane Investments Locations: United States, China, New Vernon , New Jersey

Democratic Rep. Colin Allred is giving the polarizing Republican Sen. Ted Cruz a run for his money, presenting him as a do-nothing extremist. There’s added intrigue as Cruz underperformed in his last Senate race in 2018, fending off former Democratic Rep. Beto O’Rourke by less than 3 points. Republican Larry Hogan won two races for governor of Maryland in 2014 and 2018, defying gravity in the deep-blue state. He’s favored in a red-leaning district previously held by centrist Democratic Rep. Ron Kind. Democratic Rep. Vicente Gonzalez is looking to hang on against Mayra Flores, a Mexican-born millennial who has promoted far-right rhetoric and is seeking to channel a resistance to transgender rights.

Persons: Kamala Harris, Donald Trump, —, Cruz, Colin Allred, Sen, Ted Cruz, Allred, There’s, Cruz underperformed, Beto O’Rourke, Dan Osborn —, Osborn, Deb Fischer, Fischer, Larry Hogan, he’s, Hogan, Joe Biden, Angela Alsobrooks, Prince George’s, Rick Scott, Trump, Debbie Mucarsel, Powell, Scott Perry, Janelle Stelson, Perry, Amy Walter, ”, Jen Kiggans, Missy Cotter Smasal, Derrick Van Orden, Biden, He’s, Ron Kind, Rebecca Cooke, Vicente Gonzalez, Mayra Flores, Gonzalez, MAGA, Katie Porter, Scott Baugh, Porter, Dave Min Organizations: Texas, Senate, Democratic, GOP, Democratic Rep, Nebraska, Populist, Republicans, Maryland, Republican, Maryland Senate, Trump, Former, Caucus, Social Security, . Texas ’, Orange County GOP, Democrat, House Democrats Locations: Texas, Maryland, Prince George’s County, . Florida, Florida, Scott, Stelson, Perry, ” Virginia’s, Virginia, East Coast, Wisconsin’s, Washington, . Texas, Mexican, Newport Beach, Orange County, California

☆ How activist Starboard may help boost value in Kenvue's skin and beauty business
▼ + stars: | 2024-10-26 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

The company operates through three segments: Self Care, Skin Health and Beauty, and Essential Health. Self Care product categories include pain care; cough cold allergy; and "other self care." The Skin Health and Beauty segment's product categories include face and body care and hair, sun and others. Skin Health and Beauty has been proven to be a marketing business whose growth can be greatly aided by social media. Kenvue has a solid business with iconic brands and one underperforming segment in Skin Health and Beauty.

Persons: Russell, Johnson, Kenvue, Michael CeraVe, Ken Squire Organizations: Skin, Health, Self, pharma, Colgate, Palmolive, Haleon, Kenvue, Essential Health, L'Oreal, Beauty, Skin Health, Management, 13D Locations: North America, Asia, Europe, Middle East, Africa, America, CY19, CeraVe

☆ King Charles acknowledges 'painful' slavery past as calls for reparations intensify
▼ + stars: | 2024-10-25 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

APIA, Samoa — King Charles said Friday that the Commonwealth should acknowledge its “painful” history, as African and Caribbean nations push for reparations for Britain’s role in transatlantic slavery. “I understand from listening to people across the Commonwealth how the most painful aspects of our past continue to resonate,” Charles said in a speech to the summit. Opponents of reparations say countries should not be held responsible for historical wrongs, while those in favor say the legacy of slavery has led to vast and persistent racial inequality. There are different types of reparations, from financial payments and apologies to technology transfer and educational programs. “What the Ocean Declaration seeks to do and to say is that once your marine boundaries are fixed, they’re fixed in perpetuity,” Scotland told Reuters.

Persons: Samoa — King Charles, ” Charles, Keir Starmer, Frederick Mitchell, ”, Jacqueline McKenzie, Leigh Day, Patricia Scotland Organizations: Commonwealth, Government, Caribbean Community, African Union, CARICOM, BBC, Leigh, Reuters Locations: APIA, Samoa, Caribbean, Commonwealth, Britain, Bahamas, London, Americas, British, Dominica

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