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A slate of overweight-rated tech stocks are worth buying ahead of earnings, Morgan Stanley said. Microsoft Morgan Stanley analyst Keith Weiss is sticking with the tech giant ahead of earnings. Indeed, Microsoft shares are up nearly 14% in 2024, but the firm said the stock is too attractive to ignore at current levels. Apple The firm is also standing by its top pick Apple ahead of quarterly earnings on Oct. 31, despite reports of mixed iPhone 16 demand. "We expect Apple to post a strong Sept Q top- and bottom-line beat," he added.
Persons: Morgan Stanley, Microsoft Morgan Stanley, Keith Weiss, GenAI monetization, Weiss, Atlassian Weiss, Erik Woodring, Woodring, billings Organizations: CNBC, Fortinet, Microsoft, Apple, Gross, TEAM, Apple Intelligence, Locations:
With Election Day around the corner, some households are finding that the best way to cope with political differences is humor. On TikTok, dozens of users are posting tongue-in-cheek videos about how their vote will “cancel out” someone else’s on the opposite end of the political spectrum — including their parents, friends and partners. About a quarter of those who plan to vote for Trump said their friendship would be strained if a friend planned to vote for Harris. Some who participated in the trend said it was a fun way to alleviate tension ahead of a stressful election. “It wasn’t a surprise to me that my husband was going to vote for Harris and Walz.
Persons: , Kamala Harris, Donald Trump, SurveyMonkey, Harris, Trump, , McKenzie Owens, Owens, Becca Puga, ” Puga, , Walz, Robin Nickell, ” Morgan Provenzano, “ He’s, He’s, Provenzano Organizations: NBC, Trump Locations: Pennsylvania, Utah, Bradenton , Florida, Virginia
“We could fit into a phone booth, those of us who cared about election integrity,” Mitchell has said. Mitchell volunteered as a legal adviser to Trump in Georgia during his effort to overturn the 2020 election results. In 2022, tax filings show the Election Integrity Network brought in more than $750,000, largely from the Conservative Partnership Institute. Mitchell testified at a House Judiciary hearing, an appearance the Election Integrity Network turned into an advertisement. The bill’s failure was a blow, but far from fatal for Only Citizens Vote and the cottage industry of national MAGA groups that rally under the “election integrity” banner.
Persons: Cleta Mitchell, Mitchell, ” Mitchell, Trump, Brad Raffensperger, , Charlie Kirk, , , that’s, Ken Cuccinelli, Leonard Leo, Trump’s, Pat Buchanan, Buchanan Organizations: Trump, Democratic Oklahoma, Interest Legal Foundation, Republican, Georgia, D.C, Network, Conservative Partnership Institute, Coalition, NBC News, American Legislative Exchange Council, Citizens, Safeguard, Judiciary, MAGA, Citizen, Initiative, Homeland Security, Capitol, Republican Party Locations: Georgia, Washington, Virginia, Texas
Here's how the process could work and what Wall Street bankers stand to gain. AdvertisementAs third-quarter earnings demonstrated, Wall Street dealmaking appears to be bouncing back after three years of lackluster activity. Spokespersons for both Goldman Sachs and Morgan Stanley declined to comment or confirm their reported participation in the project. The two investment bankers – neither of whom are affiliated with Goldman, Morgan Stanley, OpenAI, or Microsoft — requested anonymity to preserve industry relationships. Largely speaking, however, Wall Street is poised to win, Roberts said.
Persons: Goldman Sachs, Morgan Stanley, , OpenAI, , Morgan Stanley's, PwC, Michael Roberts, Morgan, Roberts, Wharton, dealmaker, Sam Altman, Altman, Elon Musk, Reed Alexander Organizations: Service, Wall Street Journal, Microsoft, The, BI, Wharton School, University of Pennsylvania, Goldman, Wall Street, Wharton, dealmakers, Apple, Tesla Locations: San Francisco, Silicon Valley
A torrent of big-name earnings hit the stock market this week — and the majority did not live up to analysts' muted expectations. Of the S & P 500 companies that have reported so far, about 74% of companies have beaten earnings expectations . But their blended earnings growth rate, which includes the reports already out and estimates for those on the docket, is 3.4%, falling short of the 4.2% estimate. The growth rate of just the companies that have posted so far is 3.1%, according to FactSet. Tech stocks buoyed the market on Friday ahead of their looming earnings reports, lifting the Nasdaq Composite to a record high.
Persons: Philip Morris, ServiceNow, Phillip Colmar, Colmar Organizations: CNBC, MRB Partners, Tech, Nasdaq, Dow Jones Locations: Colmar
The lack of uniformity allows both firms and employees to present themselves in the best light. This lack of uniformity and the relentless war for talent has firms and employees alike taking advantage of the ambiguity. Rokos has two dozen employees with the title "investment officer" in their LinkedIn profiles. At Coatue, executives sign off on what employees put as their title on LinkedIn, people familiar with the firm's operations said. Members of Tiger Global's front-office team use "investor" as their title on LinkedIn instead of a more specific role.
Persons: , David Einhorn's, James Fishback, Morgan Stanley, Goldman Sachs, Ken Griffin, Gerald Beeson, Sjoerd, Google's Paul Darrah, Jose Gamez, Rokos, Chris Rokos, Paul Enright, Townie Wells, Enright, Jain, Tiger, Marshall Wace, D.E, Shaw, allocators, Elliott, Don Steinbrugge, Steinbrugge Organizations: Service, Goldman, Bloomberg, Business, Industry, Citadel, Citadel Securities, Jain, Townie, Viking Global, Sigma, Fund, Talent, Agecroft Partners Locations: Greenlight, Miami, Palm Beach, London, Wells, Coatue
Urolithin A supplement company Timeline has investments from both Nestlé and L'Oréal. This year, the conversation quickly turned to the supplement du jour, the compound that has drawn investment from both Nestlé and L'Oréal: Urolithin A. Starting in 2008, Rinch's supplement company, Amazentis, funded over a dozen studies on urolithin A, including some relatively large, placebo-controlled trials in people — a rarity in supplement research. Urolithin A has also captured the attention of longevity researchers, who are typically more skeptical about products promising to make you young again. Timeline was on the agenda at this year's ARDD, an annual longevity research conference held in Copenhagen in August.
Persons: , There's, Urolithin, Hilary Brueck, Chris Rinsch, Rinsch, Johan Auwerx, Amazentis, Auwerx, He's, Mark Hyman, Dave Asprey, Gwyneth Paltrow's, Will Cole, Dominic Denk, Denk, wouldn't, Timeline's, Andrea Maier, it's, Maier Organizations: Service, VC, Business, Frankfurt University Hospital, National University of Singapore Locations: Gstaad, Swiss, skincare, urolithin, Davos, Copenhagen, Germany, Switzerland, Nestlé
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst: Apple is set to have 'lackluster' iPhone sales in China in the near futureJohn Freeman of Ravenswood Partners attributes falling iPhone sales in China to Apple's lack of software grip in the country and their product specifications falling behind domestic brands.
Persons: John Freeman Organizations: Apple, Ravenswood Partners Locations: China
D1's Dan Sundheim and SurgoCap's Mala Gaonkar spoke about investing in AI a Chicago conference. Sundheim said it won't be private companies leading this tech change for once. Gaonkar said the most promising industry for short-term AI advances is the medical technology field. Sundheim, whose portfolio has billions invested in both public and private companies, believes the best way to tap into the AI frenzy is through public companies. PitchBook notes that the firm has made 228 investments in private companies since six years ago.
Persons: Dan Sundheim, Mala Gaonkar, Sundheim, Gaonkar, , Lone, medtech, Julian Roberston's, Elon Organizations: Service, D1 Capital Partners, Tuesday's Invest, Kids, Business, Lone Pine, SurgoCap Partners, Institutional Investor, Tiger Cub, Viking Global, Tiger, Elon Musk's SpaceX, D1 Locations: Chicago
CNN —Senior-level personnel changes at the US Secret Service as well as the creation of new divisions are underway as the agency works to resolve security breakdowns that preceded the two attempts on former President Donald Trump’s life this summer. Typically, incoming presidents choose their own Secret Service director, and it’s hard to know whether Vice President Kamala Harris or Trump would retain Rowe. “I’m trying to get programs more closely aligned with the mission, getting them out to the field so that they are directly supporting enforcement operations, major criminal investigations and, of course, protective operations,” Rowe told CNN. Radio calls from local police who saw the shooter on the roof shortly before he opened fire never made it to the Secret Service. CNN has previously reported on the strain inside the Secret Service as the agency dramatically ramps up protection during the final stretch of the campaign season.
Persons: CNN —, Donald Trump’s, Ron Rowe, Kamala Harris, Trump, Rowe, , ” Rowe, “ I’m, , “ shortsighted Organizations: CNN, Service, The Aviation, Aerospace Division, Operational Communications, Integration Division, Radio, Secret Service, Wellness, Staffing, Department of Homeland Locations: Butler , Pennsylvania, Pennsylvania, , West Palm Beach , Florida
CNN —Israeli forces entered the compound of northern Gaza’s Kamal Adwan Hospital and opened fire after days of laying siege to the facility, health authorities in the enclave said. The Gaza health ministry and the director of the hospital in Beit Lahiya, northern Gaza, have told CNN that the Israeli military twice entered the hospital compound over the past 24 hours and fired at parts of the complex. Kamal Adwan is one of three minimally operational hospitals in northern Gaza, and the closest to Israeli military activity in Beit Lahiya and the Jabalya Refugee Camp. We have nothing to offer them.”It has been 21 days since Israel ramped up its military operation in northern Gaza. Authorities in Gaza say the military has stopped aid from reaching parts of the area and displaced many of its residents.
Persons: Kamal Adwan, Dr Hussam Abu Safiya, Tedros Adhanom Ghebreyesus, ” Ghebreyesus, Kamal Adwan “, WHO’s Ghebreyesus, , ’ Maher Shamiya, Shamiya, , Safiya, Abu Safiya, , Israel ramped Organizations: CNN, Health, World Health Organization, WHO, Shifa, Getty, UNICEF, Intensive Care Unit, Authorities Locations: Gaza, Beit Lahiya, AFP, Jabalya, Israel
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSOEs and commodity plays are some of the selected opportunities we see in China: Portfolio ManagerBrian Kersmanc from GQG Partners shares that he likes domestic-focused EM markets, such as Brazil and India and underweights China as it works its way through the economic downturn.
Persons: Brian Kersmanc Organizations: GQG Partners Locations: China, Brazil, India
Sparking controversy is language within the USMCA that covers how a product gains the "Made in Mexico" designation from U.S. Customs. There is bipartisan concern about Mexico serving as a trade "back door" for Chinese exports to evade tariffs. Trump threats not slowing trade boom Trump has said he wants to renegotiate the USMCA deal he struck with the North America partners in 2020. Chinese manufacturing in Mexico will be a likely part of the trade renegotiation. Threats of additional tariffs are not slowing down trade with Mexico.
Persons: Donald Trump, Zekelman, San Luis Potisi, Jordan Dewart, Biden, Trump, Mary Lovely, Anthony Solomon, Dewart Organizations: U.S . Customs, Zekelman Industries, Bloomberg, Getty, Peterson Institute for International Economics, Trump, North America, Companies, DHL, Uber, Moody's Analytics Locations: United States, Mexico, Canada, U.S, North America, Republic of Mexico, Beach, Calif, Chicago, San Luis, Luis Potisi, Redwood Mexico, China, Mexican, El Paso, Laredo , Texas, East Asia
TikTok Shop is preparing for the holiday season as it crosses one year since its US launch. The company is pushing live shopping, influencer partnerships, and other selling tactics. The company has courted a roster of creators to promote products in exchange for a commission on sales. Related storiesHow do you think about introducing TikTok users to live shopping? I am really curious about this idea of the TikTok Shop creator ... How do you think about working with that cohort and using them to help grow the platform?
Persons: Nico Le Bourgeois, , TikTok, Le Bourgeois Organizations: Service, Business, TikTok, Amazon, Walmart Locations: China, New York, LA, Seattle
Alex Craddock: I think as I sort of reflect on my career, there's probably four things that have really helped me be successful. I think as a marketer in a world that is evolving very, very fast, you need to be endlessly curious. I think what is interesting about the world that we work in today, whatever function you are in, no one can actually deliver on their own. It's so big and broad now as a CMO, you can't do it on your own. And I think if you want to be a successful leader, you've got to be kind and you've got to be able to lead with compassion and create that human connection.
Persons: Alex Craddock, there's, there'll, It's, we've, you've, We're
Ukraine needs its F-16s, but it should get Gripen jets to help fight Russia long-term, experts said. A Ukrainian Air Force F-16 fighter jet flies in an undisclosed location in Ukraine on August 4. A Ukrainian air force F-16 fighter jet flies in an undisclosed location in Ukraine on August 4. Three Swedish Saab JAS-39 Gripen fighter jets escort a B-52H Stratofortress in flight. AdvertisementUkrainian President Volodymyr Zelenskyi in front of the first F-16 fighter jets received by Ukraine.
Persons: , Michael Bohnert, They're, Bohnert, Gordon, Skip, Davis, You'll, Swedish Saab JAS, Corban Lundborg, Mats Helgesson, Sukhois, Oleg V, AirTeamImages Gordon, they're, Saab JAS, PATRICK TRAGARDH, Lloyd Austin, Volodymyr Zelenskyi, Vitalii, Tim Robinson Organizations: Gripen, Service, RAND Corporation, Saab AB, Ukrainian Air Force, AP, US Army, Defense Investment Division, Russia, Royal United Services Institute, NATO, Swedish Saab, Tech, US Air Force, Sweden's Saab Gripen, Swedish Gripen, Saab, Getty, Defense, UK's Royal Aeronautical Society Locations: Ukraine, Russia, Swedish, Sweden, Europe, Germany, Ukrainian, Russia Sweden, AFP
Supporters of the ruling Georgian Dream party at the party's final campaign rally in Tbilisi on Oct. 23, 2024, ahead of the Oct. 26 parliamentary elections. Despite its increasingly anti-Western rhetoric, Georgian Dream insists it still wants Georgia to join the EU and its election posters feature the party's logo along with the symbol of the EU. People walk past campaign posters of the ruling Georgian Dream party in Tbilisi on Oct. 22, 2024, ahead of the Oct. 26 parliamentary elections. Georgian oligarch Bidzina Ivanishvili attends the final campaign rally of the ruling Georgian Dream party in Tbilisi on Oct. 23, 2024, ahead of Oct. 26 parliamentary elections. Georgia's President Salome Zourabichvili, staunchly critical of the ruling party, addressed crowds of supporters last weekend, telling them that the vote would "demonstrate people's will for freedom, independence, and a European future."
Persons: Giorgi Arjevanidze, There's, Bidzina Ivanishvili, , oligarch Bidzina, Salome Zurabishvili's, Vano Shlamov, Ivanishvili, Salome Zourabichvili, Zourabichvili, Salome Zurabishvili Organizations: Afp, Getty, Center for, NATO, European Union, EU, Western, Russia, Party, Institute for, Kremlin Locations: Georgian, Tbilisi, Georgia, Russia, Soviet, Russian, Moscow, Washington, Europe, Western Ukraine, Ukraine, Eastern Europe, South Caucasus, Central Asia, European
Counterfeiting has ballooned into a massive problem for Crye, costing it millions of dollars a year, said Jonathan Antone, the company's general counsel. By 2016, sellers were speaking out about Amazon's growing counterfeit problem, telling CNBC of the company's effort to openly court Chinese manufacturers. "There's a lot more space on that digital shelf for potential counterfeit products," he added. Agents seized "multiple tractor trailer loads" of counterfeit MultiCam products, estimated to be worth $8 million, according to court documents. Crye showed CNBC examples of counterfeit MultiCam products that were allegedly sold by retailer L&Q Tactical, one of the defendants in the lawsuit, on Amazon.
Persons: Ramin Kohanbash, Bernard Klein, Jonathan Antone, Crye, It's, it's, Counterfeits, Jason Goldberg, Goldberg, counterfeits, Kebharu Smith, Jeff Bezos, Bezos, Smith, We're, Antone, Ernesto Rodriguez, Crye's, Crye Precision's Ernesto Rodriguez Organizations: New York's Brooklyn Navy Yard, California, outfitters, California Surplus, CNBC, Amazon, Brand Registry, Justice Department, FBI, Prada, Homeland Security, Department of Defense, Agents, Crye Locations: New, New Jersey, America, Brooklyn, Brooklyn , New York, Arlington , Virginia, Texas, California
South and North Korea troops potentially entering the Russia-Ukraine war is unlikely to stoke a wider conflict between the two Korean countries, experts said. The U.S. on Wednesday confirmed that North Korean troops had been sent to Russia. "The messaging we are seeing is likely intended to deter the actual deployment of North Korean troops to Ukraine from Russia. But that will depend on how the North Korean troops are deployed, she added. "In such a case, South Korean troops would be shooting in self defence, thus limiting the nature of such combat encounters."
Persons: Yonhap, Yoon Seok Yeol, Liang, Nah, Naoko Aoki, Aoki, Pyongyang's Organizations: stoke, Yonhap, NBC News, CNBC, Singapore's, Rajaratnam, of International Studies, Seoul, RAND, North Locations: Korea, South, North Korea, Russia, Ukraine, South Korea, North, Moscow, Pyongyang, Seoul
Russia faces sweeping sanctions over its full-scale invasion of Ukraine and has been locked out of the US dollar-dominated global financial system, including the widely used SWIFT financial messaging system, making payments and transactions challenging. The Kazan Declaration, issued Wednesday, did not mention global dollar dominance — but it highlighted alternatives. AdvertisementChina — even though it's in a prolonged slowdown — is expected to be the top contributor, accounting for about one-fifth of global growth over the five years. AdvertisementHowever, BRICS economies have a smaller global presence in global financial flows, limiting the impact of de-dollarization, the ING analysts added. Other issues include what countries would use the alternative currencies for and if the West would sanction such alternative systems, he said.
Persons: Vladimir Putin, Putin, , he's, Alexander Kolyandr, Tom Keatinge Organizations: Service, ING, United, United Arab Emirates, Bloomberg, International Monetary, Center for, Centre for Finance, Security, Royal United Services Institute Locations: BRICS, Russian, Kazan, Russia, Ukraine, cryptocurrencies, Brazil, India, China, South Africa, Iran, Egypt, Ethiopia, United Arab, USA
Kendrick said she went to couples therapy to find out what was wrong with the relationship. Although couples therapy has benefits, experts say it is important to find the right therapist. AdvertisementAnna Kendrick didn't have a good experience in couples therapy. However, going for couples therapy did not resolve the situation. "It didn't help that for a long period of time, our couples therapist, I think, just bought his stuff kind of hook, line, and sinker," she said.
Persons: Anna Kendrick, Kendrick, , Anna Kendrick didn't, Alex Cooper's, I'm, We're, Jillian Amodio, Colleen Marshall Organizations: Service, Business Insider Locations: San Francisco
Two of the hospitalized patients had hemolytic uremic syndrome, a serious complication that can develop from an E. coli infection. The CDC opened the investigation on Tuesday, initially reporting 49 cases in 10 states – including 10 hospitalizations and one death. It can take weeks to determine whether an illness is part of an outbreak and these numbers were expected to grow. “The FDA is using all available tools to confirm if onions are the source of this outbreak,” an agency spokesperson said in a statement. McDonald’s has taken Quarter Pounders off the menu in about a fifth of its stores.
Persons: , Dr, Sanjay Gupta, McDonald’s, Burger, Taco Organizations: CNN, US Centers for Disease Control, US Food and Drug Administration, CDC, Food and Drug Administration, FDA, CNN Health, Taylor, Foods, Farms, Taco Bell, KFC Locations: Colorado, Michigan, New Mexico, Washington, Iowa , Kansas , Missouri, Montana , Nebraska , Oregon , Utah , Wisconsin, Wyoming, – Colorado , Kansas , Utah, Idaho , Iowa , Missouri, Montana , Nebraska , Nevada , New Mexico, Oklahoma
An encampment of unhoused people in downtown New Orleans was forcibly relocated by the order of Louisiana Gov. Jeff Landry ahead of this weekend's Taylor Swift concerts, disrupting monthslong housing efforts with less than a week's notice. "It's not like Taylor Swift all of a sudden decided to come to New Orleans," Harris said. We, as a city, knew that Taylor Swift was coming, but there wasn't a conversation had other than last Friday." "So this is working, what we're doing is working," Harris said.
Persons: Jeff Landry, Taylor Swift, Lesli Harris, Swift, Harris, rumblings, Landry, Kate Kelly, ” Kelly, Burger, Joseph Neiswander, Helena Moreno, WDSU, Nathaniel Fields, Nola.com, Taylor Organizations: Louisiana Gov, Caesars Superdome, NBC News, New, Louisiana State Police’s, Louisiana State Police, State, Good, Burger King Locations: New Orleans, Louisiana, Orleans, Nola.com
A secretive Democratic super PAC has been quietly running a massive Spanish-language ad campaign in support of Vice President Kamala Harris, pumping tens of millions of dollars into trying to reach persuadable Latino voters. That’s an unusually large investment in Spanish-language media. By contrast, for instance, Republicans have touted $1 million and $5 million Spanish-language ad campaigns this election. Its digital ads have reached 4.5 million Latinos, according to the adviser. It also ran Spanish-language ads with Somos PAC and others.
Persons: Kamala Harris, Cristobal Alex, Pili, Chauncey McLean, Trump, “ Trump, Kamala Harris ’ ”, they’ve, Harris, Joe Biden’s, Barack Obama, Mitt Romney Organizations: Democratic, PAC, persuadable, Harris, NBC, Spanish, UnidosUS, Somos PAC, Trump, NBC News, Telemundo, CNBC, Equis Research Locations: Arizona, Nevada, Atlanta , Philadelphia, Milwaukee, Raleigh , North Carolina, Spanish, Bethlehem, Allentown, Philadelphia, Atlanta, Georgia , Wisconsin, North Carolina, That’s
APIA, Samoa — The leaders of the Commonwealth grouping of nations met on Thursday ahead of a summit in the South Pacific nation of Samoa that will feature talks on climate change and the question of reparations for Britain’s role in transatlantic slavery. More than half of the Commonwealth’s members are small nations, many of them low-lying islands at risk from rising sea levels caused by climate change. Among them is Tuvalu, whose climate change minister, Maina Vakafua Talia, urged the grouping to strive for the Paris Accord’s warming goal of 1.5 degrees C (2.7 degrees F), calling new fossil fuel projects a “death sentence” for his country. Island leaders are expected to issue a declaration on ocean protection at the summit, with climate change being a central topic of discussion. “Climate change is an existential threat,” Australian Foreign Minister Penny Wong told a press conference after a meeting with counterparts.
Persons: Samoa —, King Charles, Maina Vakafua Talia, , Penny Wong, ” King Charles III, Queen Camilla, Chris Jackson, Charles, Antonio Guterres, Fiame Naomi Mata’afa, Anthony Albanese, Keir Starmer, Starmer, Eric Phillips, Kingsley Abbott, Frederick Mitchell, ” Abbott Organizations: Commonwealth, Government, Getty, United Nations, Australian, Caribbean Community, African Union, London University’s Institute of Commonwealth Studies, BBC, CARICOM Locations: APIA, Samoa, Commonwealth, South Pacific, Tuvalu, Paris, Apia, Zambia, Britain, France, Portugal, Bahamas, Americas, Brazil, Caribbean
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