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☆ Sabae: The ‘eyeglasses capital’ of Japan
▼ + stars: | 2024-10-31 | by ( Milly Chan | Karla Cripps | ) edition.cnn.com time to read: +7 min

Among them is the small city of Sabae, in Fukui prefecture, about a 3.5-hour train ride from Tokyo. An eyeglasses sculpture in Sabae, Japan. Fukui prefecture has four stations on the extended Shinkansen line – Awara Onsen Station, Fukui Station, Echizen-Takefu Station and Tsuruga Station. (Travelers can hop on a separate train from Fukui Station for the 15-minute ride to Sabae.) GI15702993/iStockphoto/Getty ImagesIn addition to being home to the eyeglasses capital of Japan, Fukui prefecture is filled with well-preserved ancient architecture, historic sites and temples, as well as newer attractions, including Nishiyama Zoo, famed for its red pandas.

Persons: Buddhika Weerasinghe, Sabae, Takeshi Yamae, “, ”, Futa Nagao, Takeshi, Sabae’s, It’s, There’s, sakura, Soto, you’re Organizations: CNN, CNN —, Bloomberg, Getty, Boston Club, Sabae’s Megane, Asahi Shimbun, Fukui, Takefu, Tsuruga, Nishiyama Zoo, Fukui Prefectural Dinosaur Museum, Soto Zen, Food, Museum Locations: Sabae, Fukui prefecture, Tokyo, Japan, Honshu, Fukui, Japan’s Hokuriku, Toyama, Niigata, Ishikawa, Kyoto, Echizen, Maruoka, Tojinbo, Mikata, Wakasa, Tsuruga

An overdue hunter in Alaska was found dead Wednesday after an apparent attack by at least one brown bear, state police said. A search was launched, and his remains were found at around 11:30 a.m. Wednesday, state troopers said in a daily report of incidents. Investigators know a brown bear was involved because that's the only type of bear in the area, DeSpain said. Alaska has black bears, brown bears — which include grizzlies — and polar bears. There are around 100,000 black bears and around 30,000 brown bears in Alaska, the state Department of Fish and Game says on its website.

Persons: Tad Fujioka, ”, Fujioka, Tim DeSpain, DeSpain Organizations: Alaska State Troopers, Alaska Department of Public Safety, State, Alaska Department of Fish, grizzlies, of Fish Locations: Alaska, Sitka, Juneau . Alaska

• US officials are heading to the Middle East in a renewed push to resolve the conflicts in Gaza and Lebanon, and to deter an Iranian response to Israel’s strikes last week. The White House said Iran should not respond, but the US was ready to assist Israel’s defense. • Israeli strikes near the historic city of Baalbek killed at least 19 people, Lebanese authorities said. • Aid entering Gaza has sunk to the lowest level since the war began last year, UN data shows. Only 836 aid trucks entered the enclave so far in October, far short of the pre-war average of 500 trucks per day.

Persons: ”, Israel Organizations: CNN Locations: Gaza, Lebanon, Israel, Iran, Baalbek

“Joe Biden should be ashamed of himself, if he knows what he’s even doing,” Trump said from the garbage truck. Former President Donald Trump held a press conference from inside a garbage truck at Green Bay Austin Straubel International Airport on Wednesday. Rep. Adam Schiff, D-California, attended the Harris rally after stumping on the trail with Baldwin. He sidestepped a question about Biden’s remarks on Tuesday and Trump’s garbage truck gag response, saying he wasn’t focused on the matter. But to Harris supporters, Trump’s outrage over Biden’s comments rang hollow.

Persons: Trump, Joe Biden, Kamala Harris, Biden, Harris, Hillary Clinton, Puerto Rico ”, Tony Hinchcliffe, “ Joe Biden, ” Trump, Donald Trump, Chip Somodevilla, Brett Favre, “, ”, Favre, Elon Musk, “ I’m, ” Harris, Tony Evers, Sen, Tammy Baldwin, Gracie Abrams —, Abrams, Mumford, Walz, ” Kamala Harris, Morry Gash, Adam Schiff, Baldwin, Schiff, wasn’t, Charles Franklin, Linda Gator, “ You’ve, he’s, Cyrus Obut, ” Obut Organizations: University of Wisconsin, Trump, White, Madison, Green Bay Austin, Green, Green Bay Packers, Gov, Sons, Badgers, Harris, NBC News, Washington , D.C, Marquette University Law School, Marquette Law Locations: GREEN, Wis, —, Green Bay, Madison, battlegrounds, . Wisconsin, Wisconsin, Milwaukee, Puerto Rico, North Carolina, Green, Mississippi, United States, Gaza, California, Washington ,, Sheboygan

Former President Donald Trump said Wednesday that he would "protect" women "whether the women like it or not," a comment the Harris campaign immediately pounced on. "I said, 'Well, I’m going to do it, whether the women like it or not,'" Trump said. A Harris campaign spokesperson, Sarafina Chitika, also said on X that Trump "thinks he knows better than the women of America." Reached for comment, Trump campaign spokesperson Karoline Leavitt said: "Harris may be the first woman Vice President but she has implemented dangerously liberal policies that have left women worse off financially and far less safe than we were four years ago under President Trump. Harris has centered much of her campaign on preserving and expanding reproductive rights after the end of Roe v. Wade.

Persons: Donald Trump, Harris, Trump, Kamala Harris, Sarafina Chitika, Karoline Leavitt, Leavitt, Roe, Wade, abortion’s Organizations: Republican, NBC, Trump Locations: Green Bay , Wisconsin, America

SEOUL, South Korea — North Korea test-fired a suspected long-range ballistic missile that is designed to strike the continental United States, its neighbors said Thursday, days before the U.S. presidential election. This would be the first ICBM launch since December for North Korea, a reclusive nuclear-armed state that has been ratcheting up its rhetoric against the U.S. and its allies South Korea and Japan. Japanese Defense Minister Gen Nakatani later said the missile fell into the sea off North Korea’s east coast around 8:37 a.m. He said the launch time of 86 minutes would be the longest ever for a North Korean missile test, and that it could be a new type of missile. North Korea has said the deployment is a “rumor,” while Russian President Vladimir Putin did not deny the reports when asked about them by NBC News last week.

Persons: Gen Nakatani, Sean Savett, ”, Vladimir Putin, Lloyd Austin, Kim Yong, Austin, Stella Kim, Arata Yamamoto, Jennifer Jett Organizations: U.S, Korea’s, Chiefs, Staff, Japanese, Korean, National Security, United Nations, Pacific Command, South Korea’s Defense Intelligence Agency, Officials, NBC, Defense, Ukrainian Locations: SEOUL, South Korea, North Korea, United States, Japan, Pyongyang, U.S, Korea, Moscow, Russia’s Far, Ukraine, The U.S, Russia, Washington, Korean, Seoul, Oshu City, Hong Kong

☆ Remains found near Hoover Dam ID'd as man missing since 1995
▼ + stars: | 2024-10-31 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +3 min

William Herman Hietamaki was identified this month using genetic genealogy after construction workers initially found human bones near the Hoover Dam in 2009, according to a statement this week from the Mohave County Sheriff’s Office. Mohave County Sheriff's Office via FacebookThe items were turned over to the Mohave County Medical Examiner’s Office, but no leads developed despite years of investigating. This month, the sheriff’s office learned that the John Doe in the case had ancestors with roots in Michigan dating back to the 1800s. The sheriff’s office said Hietamaki, a known hitchhiker who lived a nomadic lifestyle, had been traveling in the southwest United States. He was last seen when he visited his sister in New Mexico in 1995, according to the sheriff’s office.

Persons: William Herman Hietamaki, Hietamaki, John Doe, “, John, Jane, ” Organizations: Office, state’s Department of Public Safety, University of North, Othram Inc, Othram Locations: Arizona, Mohave County, University of North Texas, Texas, Michigan, United States, New Mexico, Las Vegas, , Michigan, Mohave

“I strongly support clemency for Erik and Lyle Menendez, who are currently serving sentences of life without possibility of parole,” Gascón said in a statement. Erik Menendez and Lyle Menendez at a pretrial hearing in Los Angeles in December 1992. Lyle Menendez was 21 and Erik Menendez was 18 at the time of the killings. Attorneys for the brothers argued in clemency requests that they both were sexually abused by their father beginning at a young age. Those factors and their ages — Lyle Menendez is 56 and Erik Menendez is 53 — make each “an exemplary candidate for clemency,” the attorneys wrote.

Persons: Lyle, Erik Menendez, George Gascón's, “, Erik, Lyle Menendez, ” Gascón, Gavin Newsom, Newsom, we’re, José Menendez, Kitty Menendez, Vince Bucci, Gascón, — Lyle Menendez, ” Organizations: ANGELES, Los Angeles, Democrat, Beverly Hills, Getty, Prosecutors Locations: Los, Los Angeles County, California, Beverly, Los Angeles, AFP

WARRENDALE, Pa. — Nikki Haley told voters to put their feelings aside about “noisy” former President Donald Trump and cast ballots for him during a pair of stops in swing state Pennsylvania on Wednesday. “I know it’s noisy out there,” Haley told voters near Pittsburgh. “We have to do more than just elect Dave McCormick,” she said. “We have to elect Donald Trump because if Donald Trump wins Pennsylvania, Dave McCormick wins Pennsylvania.”Haley, who spoke at the Republican National Convention this summer, has yet to appear on the trail with Trump. You can put Dave McCormick over the finish line.”

Persons: — Nikki Haley, Donald Trump, Dave McCormick, Haley, ” Haley, Dave McCormick can’t, McCormick, we’ve, “, Kamala Harris, Trump, ”, Trump’s, Kamala, ’ ” Haley, Harris, ” McCormick, Sen Organizations: Pennsylvania, Republican, United Nations, Trump, Republicans, Republican National Convention, NBC, Fox News, Madison, Black Americans, Elon Musk’s Locations: Pa, Pittsburgh, Philadelphia, Warrendale, Pennsylvania, Pennsburg, New York City, Puerto Rico, America

This week, the state health department issued an advisory to doctors suggesting that recent ads about Nebraska’s abortion restrictions had created "confusion." She said the health department and Gov. Jeff Powell, communications director for the Nebraska Department of Health and Human Services, said the intent of the health alert was to "clarify the current law." In response to the health department alert, two doctors in the state said there is no confusion among physicians about how to treat ectopic pregnancies or miscarriages. The Florida Health Department sent cease-and-desist letters to multiple broadcast stations that aired an ad supporting an abortion-rights ballot measure.

Persons: Timothy Tesmer, Allie Berry, —, Berry, Jim Pillen —, Jeff Powell, women’s, Kimberly Paseka, Paseka, ”, ” Paseka, “, Abigail Drucker, Drucker, ” Drucker, ” Dr, Mary Kinyoun, ” Powell, DHHS, Joseph Ladapo Organizations: OB, Nebraska, Gov, Republican, Nebraska Department of Health, Human Services, NBC News, American College of Obstetricians, Florida Health Department Locations: Nebraska, Gynecologists ’ Nebraska, Omaha, Florida

In a new motion filed Wednesday, the animal rights organization accused exotic animal broker Tonia Haddix of committing perjury and violating previous court orders, citing the recent HBO docuseries “Chimp Crazy” as evidence. In a January 2022 virtual court testimony featured in “Chimp Crazy,” Haddix sobbed as she insisted under oath that Tonka had died and was cremated. Later, however, authorities found the chimp alive and concealed in a basement cage, according to a June 2022 court filing. In the third episode of “Chimp Crazy,” Haddix said that she and Aswegan sedated Tonka and took him to a hotel. In the same episode, the motion states, Casey referred Haddix to Vierstra as someone who could help her hide Tonka and fake his death.

Persons: Tonia, Buddy, ”, Alan Cumming, Tonka, Haddix, Connie Casey, “, Haddix brazenly, Brittany Peet, Casey, Haddix’s, Jerry Aswegan, Cy Vierstra, ” Haddix, Aswegan, Vierstra, “ Haddix Organizations: PETA, HBO, Missouri Primate Foundation, flagrantly, NBC News Locations: Missouri, Ohio, Vierstra

☆ Temu to be investigated by EU tech regulators over sale of illegal products
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: +1 min

Chinese online retailer Temu will be investigated on whether it may have breached EU tech rules against the sale of illegal products, EU tech regulators said on Thursday, in a move which could lead to hefty fines for the company. Temu, which has 92 million users in the 27-country European Union, is a unit of Chinese ecommerce giant PDD Holdings . The EU tech enforcer will also investigate whether Temu is complying with the DSA obligation to provide researchers access to its publicly accessible data. Particularly in ensuring that products sold on their platform meet EU standards and do not harm consumers," EU antitrust and tech chief Margrethe Vestager said in a statement. Temu could face a fine of as much as 6% of its global turnover if found guilty of breaching the DSA.

Persons: Margrethe Vestager Organizations: EU, European Commission, Digital Services, Union, PDD Holdings, DSA Locations: EU

☆ Big Tech's vanishing perks have left employees to face a stark new reality
▼ + stars: | 2024-10-31 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, Big Tech is pulling back on the freebies for its employees . The perks help recruit and retain talent and keep employees working at the office. Some Amazon employees aren't buying it. It's not all bad news for Amazon employees, though. Some Amazon employees support Jeff Bezos' controversial WaPo decision.

Persons: —, David Arky, Tyler Le, Insider's Lara O'Reilly, Rob Price, Hugh Langley, Sydney Bradley, It's, Matt Garman, Frederic J . BROWN, BI's Jyoti Mann, Ashley Stewart, Garman, Stave Huffman, Spencer Platt, Natalie Ammari, Tesla, Meta, Jenny Chang, Rodriguez, Harris, Trump, you'll, Jeff Bezos, Bezos, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, Microsoft, SEC, Big Tech, Meta, Citibank, Tech, Services, Getty, Amazon Web Services, Amazon, BI, Google, Semiconductor, Intel, Washington Post, Apple Locations: OpenAI, AFP, New York, London

President Harris would probably put more pressure on Israel to reach a cease-fire and open up talks with the Palestinians. Ukrainians worry that a President Trump would force a quick and dirty peace deal favorable to Russia. They hope a President Harris would continue to support them on the battlefield. Under President Harris, that would probably mean continuity with the Biden administration policies that have become much more restrictive over time. Migrants from all over the world pass through Mexico to get to the U.S. border, and the United States can’t control the flow of migrants without Mexico’s assistance.

Persons: Israel Patrick Kingsley, Harris, Trump, Benjamin Netanyahu, Ukraine Anton Troianovski, Volodymyr Zelensky, Vladimir V, Putin, Biden, China Keith Bradsher, NATO Steven Erlanger, United States doesn’t, “ I’m, Ana Swanson, Donald Trump, haven’t, South Africa John Eligon, Biden —, Harris —, Mexico Natalie Kitroeff, Somini Sengupta Organizations: Trump, U.S, Manufacturing, NATO, The Times, Global, United, Biden Locations: Jerusalem, Israel, Gaza, Iran, Russia, Ukraine, Moscow, United States, America, Europe, China, Beijing, Taiwan, Japan, South Korea, Philippines, India, —, Hungary, Italy, Germany, South Africa, Johannesburg, Africa, Zambia, Indian, Brazil, Ethiopia, BRICS, Mexico, Mexico City, U.S

☆ Friday’s jobs report just might disprove right-wing conspiracy theories
▼ + stars: | 2024-10-31 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +7 min

But they may ditch their argument Friday morning, when the October jobs report is set to be released — just days before Election Day. Groshen disagreed, saying that initial estimates of the monthly change in hiring are “noisier than they used to be” because of the lower response. However, that gets smoothed out in later revisions as response rates improve with the additional time. That exacerbates the funding shortfall at the BLS, where inflation-adjusted funding has steadily declined over the past decade, she said. That would help improve, for instance, Federal Reserve officials’ ability to make interest rate decisions that hinge on the latest labor market data, Groshen told CNN.

Persons: Donald Trump, Hurricanes Helene, Milton, Republican Sen, Marco Rubio, ”, Harris, ” Rubio, Rubio, Erica Groshen, Trump, Karoline Leavitt, Kamala Harris “, Laura Kelter, Groshen, “ Organizations: New, New York CNN, Bureau of Labor Statistics, BLS, Hurricanes, Republican, Biden, Trump, Cornell University School of Industrial and Labor Relations, Department of Labor, Census Bureau, Management, CNN, Biden Administration, Employment, Federal Locations: New York, Florida, America

☆ UBS Global Wealth Management: market still 'supportive for equities', but not overpriced
▼ + stars: | 2024-10-31 | by ( ) 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 EmailUBS Global Wealth Management: market still 'supportive for equities', but not overpricedBrenda O'Connor Juanas expects solid earnings in the tech space, adding that the macro environment remains supportive for equities, and financials and utilities look attractive from a valuation standpoint.

Persons: Brenda O'Connor Organizations: UBS Global Wealth Management

☆ I left my Big Tech job to bootstrap my own business. I went from making nearly $300,000 to not paying myself a salary.
▼ + stars: | 2024-10-31 | by ( Pooja Shah | ) www.businessinsider.com time to read: +7 min

In October 2023, Soni Mehra left her Big Tech job to focus on her own home decor business. I was accustomed to working with larger teams in Big Tech, so I've had to get used to balancing multiple tasks. Thankfully, I can rely on savings from my prior Big Tech roles. I no longer make the same salary as I did in Big Tech, but still prioritize spending money on things my partner and I value, like travel. People ask me if I'd ever return to Big Tech.

Persons: Soni Mehra, Mehra, —, Gabrielle Wesley, Uber, I'd, I've, I'm Organizations: Big Tech, Service, Uber, Marble Lotus, Business, San, San Francisco Bay Area, Environmental, University of California, Mars, LinkedIn, Marble, Big, Entrepreneurs Locations: Delhi, India, San Francisco Bay, Berkeley, Mars Wrigley North America, COVID, Big Tech, Bay

☆ We would expect markets continue to gain in the event of a Trump victory: RBC Wealth Management
▼ + stars: | 2024-10-31 | 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 would expect markets continue to gain in the event of a Trump victory: RBC Wealth ManagementFrederique Carrier, head of investment strategy at RBC Wealth Management, discusses the impact of the upcoming U.S. election on markets.

Organizations: RBC Wealth Management

☆ Tesla's self-driving mode is 'a bit stressful' to use, the cofounder of a robotaxi company backed by Amazon says
▼ + stars: | 2024-10-31 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

AdvertisementThe cofounder of Zoox, an Amazon-backed robotaxi company, said he sometimes feels nervous when using Tesla's so-called Full Self-Driving mode. FSD is a key piece of Tesla technology that will be critical for the company's fully autonomous vehicle and robotaxi visions. Levinson said part of the problem with Tesla's approach to autonomous driving is its reliance on cameras. Related storiesNot everyone is a skeptic of Tesla's autonomous driving vision. AdvertisementLike Waymo, Zoox uses a combination of LiDAR, radar, and cameras for its autonomous driving system.

Persons: Jesse Levinson, —, FSD, Tesla, Elon Musk, Levinson, Musk, Tesla's, it's, Andrej Karpathy, Karpathy, Zoox Organizations: TechCrunch, Service, Traffic, Administration, Waymo, PACE, Tesla, Las Locations: San Francisco, California, Texas, Market

☆ UK businesses warn Labour government's tax-raising budget will hurt hiring and boost inflation
▼ + stars: | 2024-10-31 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

Rachel Reeves, UK chancellor of the exchequer, outside 11 Downing Street ahead of presenting her budget to parliament in London, UK, on Wednesday, Oct. 30, 2024. Bloomberg | Bloomberg | Getty ImagesLONDON — British businesses are smarting after Finance Minister Rachel Reeves' bumper tax-rising budget, with analysts warning that the measures could slow hiring and push up inflation. Under the new rules, employer NI will rise by 1.2 percentage points to 15% from April 2025, while the level at which employers start paying NI for workers will drop from £9,100 to £5,000. Rain Newton-Smith, chief executive of the Confederation of British Industry, a business interest group, described it as a "tough budget for business." That is because businesses could pass on the additional costs to consumers by increasing the price of their products.

Persons: Rachel Reeves, Reeves, —, Roger Barker, Barker, Mike Kemp, Andrew Martin, Newton, Smith, Morgan, Andrew Sheets, CNBC's, Morgan Stanley Organizations: Bloomberg, Getty, LONDON, National Insurance, Labour, Conservative, Institute of, Institute of Directors, of British Industry, Corporation, Insurance, CNBC, Bank of, Morgan Locations: London, City of London, United Kingdom

☆ Goldman Sachs' Meena Flynn expects earnings growth of 8 to 10 percent in 2025
▼ + stars: | 2024-10-31 | 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 EmailGoldman Sachs' Meena Flynn expects earnings growth of 8 to 10 percent in 2025Meena Flynn, Goldman Sachs global private wealth management co-head, join 'Closing Bell' to discuss why she expects the 'Mag 7' to be more muted heading into year-end.

Persons: Goldman Sachs, Meena Flynn

☆ Don't be alarmed by conservative guidance after a solid quarter, Jim Cramer says
▼ + stars: | 2024-10-31 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday told investors not to get scared off when a company posts good earnings results but issues more modest guidance, as it doesn't always mean that management is worried about the future. "Some money managers are dumbfounded when a very good company reports a very good quarter but then issues a very conservative forecast," Cramer said. Sometimes, he said, it's worth it to hold on to a company with good earnings while others on Wall Street panic about guidance. For the current quarter, Microsoft predicted revenue between $68.1 billion and $69.1 billion, while analysts surveyed by LSEG were hoping for $69.83 billion. Despite the disappointing guidance, Cramer was appeased by management's explanation for the weaker guidance, particularly commentary from CFO Amy Hood.

Persons: CNBC's Jim Cramer, Cramer, management's, LSEG, Amy Hood, Hood, she's Organizations: Microsoft

☆ Why rich Trump backers aren’t scared of his inflationary economic agenda
▼ + stars: | 2024-10-31 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —The last three years have upended everything about the way we expect the economy to work. But the pandemic-era inflationary period played out unlike any other in history, and wealthy people made out like bandits. And that may be because the only real inflation we’ve seen in decades was a multi-year profit bonanza for them. And that has provided a permission structure for some wealthy Trump supporters to shrug their shoulders at his inflationary economic agenda. But it won’t be the same flavor of profit-driven inflation we’ve seen over the past three years.

Persons: CNN Business ’, That’s, Donald Trump’s, “ It’s, ”, Kent Smetters, “, we’ve, ” It’s, He’s, Harris, Josh Bivens, Bivens, ” Bivens Organizations: CNN Business, New York CNN, Wall, University of Pennsylvania’s Wharton School, Trump, Wall Street Journal Locations: New York, Ukraine

☆ Peloton announces Ford exec, founder of Apple Fitness+ Peter Stern as its next CEO
▼ + stars: | 2024-10-31 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

Peloton on Thursday said it has appointed Peter Stern, a Ford executive and the cofounder of Apple Fitness+ to be its next CEO and president. Stern, the president of Ford Integrated Services, primarily oversees the automotive company's subscription services, such as BlueCruise, Pro Intelligence, connectivity and security. Stern is slated to step down from his role at Ford and take the helm of Peloton on Jan. 1. Stern is the third CEO to lead Peloton in its history. "Peter is a seasoned strategist with a track record of driving sustainable growth through innovation, and we have every confidence in his ability to lead Peloton during this important time.

Persons: Peter Stern, Stern, Karen Boone, Chris Bruzzo, Boone, Bruzzo, Peter, Jay Hoag, Barry McCarthy, McCarthy, John Foley Organizations: Ford, Apple, Ford Integrated Services, Pro Intelligence, Interim, Spotify, Netflix

☆ Investors all in on stocks: Mutual fund cash levels lowest on record, according to Bank of America
▼ + stars: | 2024-10-31 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Someone apparently forgot to tell mutual fund managers that they are supposed to be worried right now. Professional fund managers have been increasing their bets on stocks since the fourth quarter got underway earlier this month, according to Bank of America. "Watching mutual fund cash levels is typically like watching paint dry, but not this month. That shift is notable ahead of the election and suggests that some fund managers are unconcerned about short-term volatility as votes roll in. Fund managers are underweight that area relative to history, and could rotate into those stocks if they gain more confidence, according to Subramanian.

Persons: Savita Subramanian, Cash, Subramanian Organizations: Bank of America . Equity, Investment Company Institute

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