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☆ 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

☆ Freddie Freeman’s walk-off grand slam lifts Dodgers past Yankees in Game 1 of World Series
▼ + stars: | 2024-10-25 | by ( Andy Mccullough | ) www.nytimes.com time to read: +8 min

After his final swing in a 6-3 victory over the New York Yankees in Game 1 of the World Series, he only had to trot. He swatted a 10th-inning walk-off grand slam on Friday night, a slight improvement on Gibson’s legendary walk-off in Game 1 of the 1988 World Series. Dodgers starter Jack Flaherty kept the Yankees off the board until Giancarlo Stanton hit a monstrous, two-run homer in the sixth. The season of “Fernandomania” coincided with the last time the Dodgers and Yankees met in the World Series. The lumber landed on the World Series logo.

Persons: Freddie Freeman, Freeman, Kirk Gibson, Aaron Boone, Nestor Cortes, Cortes, Gerrit Cole, Jack Flaherty, Giancarlo Stanton, Ohtani, Mookie Betts, Betts, Aaron Judge, Juan Soto, Goliath, Fernando Valenzuela, Valenzuela, Scully, El, ”, Flaherty, Cole, Flaherty extricated, Soto, Tommy Edman, Anthony Volpe, Austin Wells, Alex Verdugo, Max Muncy corralled, Gleyber Torres, Kiké, Hernández, Soto’s lunge, scampered, Will Smith, Stanton, Dave Roberts, Stanton whiffed, GIANCARLO STANTON, sSVXe5QMW3, Tommy Kahnle, Kahnle, Torres, Michael Kopech, Roberts, Blake Treinen, Treinen, Harry Organizations: ANGELES, Dodger, New York Yankees, Los Angeles Dodgers, Yankees, Dodgers, New York Mets, Los, Mets, Cleveland, MLB, American League Locations: Los Angeles, Juan Soto for New York, El Toro, Valenzuela, Orange County, Soto, Stanton

☆ Denny's is closing 150 locations in the latest sign of the squeeze on family dining
▼ + stars: | 2024-10-25 | by ( Nora Redmond | ) www.businessinsider.com time to read: +4 min

AdvertisementDenny's is the latest casualty of the squeeze on family dining chains, announcing this week that it plans to close about 150 locations before 2026. "We believe this is absolutely the right thing to do to make our system stronger," Denny's CEO Kelli Valade told investors. "Everyone has lost traffic," Denny's CEO Valade said. The turn toward takeoutThe rise in takeout has also impacted family dining as more customers look to order food in rather than go out. "They are drawing customers away from traditional family dining establishments," Puzhakov said.

Persons: —, Kelli Valade, Valade, Gregg Majewski, Neil Saunders, Tomas Gorny, Gorny, Elijah Puzhakov, Puzhakov Organizations: Service, Securities, Exchange, Craveworthy Brands, McDonald's, KFC Locations: Olive, takeout

☆ Election workers prepare to handle ‘concerning list’ of poll watchers who could disrupt the vote
▼ + stars: | 2024-10-25 | by ( Sara Murray | Jeremy Herb | ) edition.cnn.com time to read: +13 min

After they were reminded repeatedly about the rules against making meritless ballot challenges, the groups of poll watchers “turned disruptive,” according to Glendale Mayor Bryan Kennedy. For the vast majority of Americans, it’s pretty smooth.”Across the country, election officials are also vowing voters will be able to safely cast their ballots. This year’s crop of election observers is set to include people who have denied Trump’s 2020 election loss. Hilby stressed that it’s often important for poll watchers to understand what they’re seeing. “The best way to combat it is to just be as transparent as possible, and election officials really are committed to doing that.

Persons: “, Glendale Mayor Bryan Kennedy, ” Kennedy, –, Trump, Joe Biden –, Justin Levitt, ” Levitt, ”, Kennedy, Mark Amick, William Bradley Carver, Carver, Salleigh Grubbs, CNN “, Stephanie Jackson Ali, Grubbs, ” Danielle Alvarez, ” Alvarez, Amick, Michael Whatley, you’re, Cleta Mitchell, who’ve, ” Dana Remus, Kamala Harris, Monica Guardiola, Elena Hilby, Hilby, Sun, ” Hilby, “ We’re, – it’s, ” Amy Cohen, ” Cohen, Lisa Deeley, ” Deeley, we’ve, they’re, Dana Nessel, ” Nessel, “ You’re, ” Jackson Ali Organizations: CNN, Glendale Mayor, Republicans, Loyola Law School, Biden White, Milwaukee Journal Sentinel, Republican Party, Trump, Republican, New, ”, Trump Campaign, RNC, White, Republican National Committee, ” Conservative, Network, “, Association, National Association of State, Democrat, Philadelphia City Commissioners Locations: Wisconsin, Glendale, Milwaukee, battlegrounds, Georgia, Cobb County, New Georgia, Sun Prairie, Philadelphia, ”, Michigan

☆ Breakfast with Ohtani: In Japan, watching this World Series may be the national pastime
▼ + stars: | 2024-10-25 | by ( Rustin Dodd | ) www.nytimes.com time to read: +14 min

At World Series Media Day on Thursday, no one was a bigger draw than Ohtani. Ninomiya, 59, grew up in the city of Oita, obsessing over books about Japanese baseball history. The comings and goings of Mamiko Tanaka and Ohtani are regular fodder for Japanese morning shows. In Japan, Ohtani is the face of countless advertising campaigns. Ohtani’s presence — along with starting pitcher Yoshinobu Yamamoto — could help the Japanese World Series audience approach those heights.

Persons: Shohei Ohtani, Tatsuo Shinke, Ohtani, Shinke, Emiko, ” Shinke, “, She’s, Katharine Lotze, Michael Jordan, David Beckham, doesn’t, ”, Robert Whiting, —, Rahm Emanuel, Chicago ”, Jordan, ” Emanuel, Whiting, Hideo Nomo, Ichiro Suzuki, Hideki Matsui, Nomo, Japan — Whiting, Suzuki, Yu Darvish, Tomoki Negishi, I’ve, ” Negishi, Masanori, Negishi, I’m, Chen Liang, Ninomiya, ” Ninomiya, ” Ohtani, Ippei Mizuhara, Mizuhara, It’s, Mamiko Tanaka, Stringer, Hiroshi Kitamura, William & Mary, Aaron, Judge, Fernando, Tatis, Ronald, Acuna, Foster Griffin, Griffin, ” Griffin, Ryan Yamazaki, Bobby Valentine, Yoshinobu Yamamoto —, Rob Manfred, “ Smart, ” Yamazaki, Shigeru Ishiba, Machiko Kondo, Kondo, Ichiro, ” Whiting, she’s, Andy McCullough, Sam Blum, Dan Goldfarb, Jayne Kamin Organizations: Mint, Major League Baseball, Los Angeles Dodgers, Ohtani’s Dodgers, New York Yankees, Los Angeles Angels, Dodgers, Padres, National League, Nikkei, Yankees, Asahi Shimbun, Japan’s Pacific League, Ninomiya, UCLA, NHK, Hokkaido, Ham Fighters, Angels, MLB, Pacific, William &, Kansas City Royals, Yomiuri Giants, Mets, Chiba Lotte Marines, Baseball, WBC, Chicago Cubs, San Diego Padres, Athletic, Fuji, United Nations Locations: Japan, Tokyo, Ohtani, United States, America, American, U.S, Chicago, —, Ōta, Oita, ”, Hokkaido Nippon, Osaka, Fukuoka, Sapporo, South Korea

☆ Anna Kendrick says she had to pitch herself twice to direct Netflix hit 'Woman of the Hour' because she wasn't confident enough the first time
▼ + stars: | 2024-10-24 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Anna Kendrick made her directorial debut with Netflix's new true crime movie, "Woman of the Hour." She told "The Late Show" that she was "beyond terrified" when she first pitched to direct the film. "Woman of the Hour" is Netflix's latest true crime thriller. The producers wanted someone with experience as they planned to start shooting soon, but Kendrick told Colbert she had other ideas. "It was a fascinating example of just how phony Hollywood is because then I did it again the next day," Kendrick continued.

Persons: Anna Kendrick, —, Anna Kendrick's, Stephen Colbert, Jeffrey Dahmer, Anna, Kendrick, Colbert, We're, Chris Pine, Dev Patel, Jerry Seinfeld, Michael B, Jordan, let's, Leah Gallo, Netflix Kendrick, Let's, Michelle Obama, Tom Hanks, Valerie Young, Young Organizations: Service, Netflix

☆ Commercial real estate foreclosures jumped almost 50% in September, report says
▼ + stars: | 2024-10-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Commercial real estate foreclosures spiked last month. AdvertisementCommercial real estate foreclosures jumped on a monthly and year-over-year basis in September, according to real estate data and analytics firm ATTOM. Commercial foreclosures saw the biggest year-over-year increase in California, with foreclosures on commercial buildings soaring 238% from the same time last year. In New York, foreclosures rose 48% year-over-year, while in Florida, foreclosures rose 49% year-over-year. Related storiesReal estate experts have been warning of more distress to come for commercial real estate, particularly in the office segment.

Persons: ATTOM, — Organizations: Service, Mortgage, Association, International Monetary Fund Locations: California, ATTOM's, New York, Florida

☆ Tesla shares are soaring After EV maker's earnings report. What analysts are saying
▼ + stars: | 2024-10-24 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

TSLA YTD mountain Tesla stock in 2024. Jonas reiterated his overweight rating on Tesla stock, and his price target implies 45% upside. Wells Fargo, $125 per share price target Wells Fargo isn't a buyer after the strong results, citing high valuations. His neutral rating and $250 per share price target implies roughly 17% upside ahead. Barclays, $220 per share price target Barclays had positive takeaways from the report but reaffirmed that questions remain around Tesla's artificial intelligence and full self driving initiatives.

Persons: Elon Musk, Tesla, they're, Morgan Stanley, Morgan Stanley's Adam Jonas, Jonas, Wells, Colin Langan, Langan, Goldman Sachs, Mark Delaney, Delaney, Dan Levy, Levy, John Murphy, Murphy Organizations: FactSet, Tesla, Barclays, Bank of America Locations: Texas, California, Shanghai

☆ 'Flexible co-living' could help bring down office-conversion costs and add housing supply, new study says
▼ + stars: | 2024-10-22 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +5 min

A study finds that dorm-style housing could be an efficient path to convert vacant office space. The study comes as office vacancies rise and housing supply remains constrained. The report comes as companies reevaluate their need for office space in the wake of the COVID-19 pandemic. The national office vacancy rate is set to rise to around 20% by the end of this year, according to commercial real estate firm CBRE. The report comes as the number of office spaces set for residential conversions is on the rise, up to 55,000 this year.

Persons: —, Wes LeBlanc, Alex Horowitz Organizations: Service, Pew Locations: Denver, Minneapolis, Seattle

☆ Philip Morris is a growth stock again as shares hit all-time high on Zyn demand boom
▼ + stars: | 2024-10-22 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

In this photo illustration, ZYN nicotine cases are seen on a table on January 29, 2024 in New York City. Philip Morris expects Zyn shipments to match demand "at some point" during the fourth quarter, Babeau said. Philip Morris also noted Zyn as main driver of net revenue for the business as a whole. Philip Morris announced earlier this year that it would invest $600 million to build a new production facility for Zyn in Colorado. Shares of Philip Morris have climbed more than 37% in 2024.

Persons: Philip Morris, Babeau, FactSet, Zyn Organizations: Swedish Match Locations: New York City, Connecticut, U.S, America, Zyn, Greece, Czech Republic, Colorado

☆ World Series ticket prices soaring ahead of Yankees-Dodgers matchup
▼ + stars: | 2024-10-21 | by ( Nbc New York | ) www.nbcnews.com time to read: +1 min

The matchup between the New York Yankees and Los Angeles Dodgers has fans clamoring for World Series tickets, and that means prices are soaring. Game 1 of the World Series is Friday, Oct. 25, at Dodger Stadium in Los Angeles. The next three games of the World Series will be in New York, if the series makes it to a fifth game. The cheapest ticket for Game 3 is $1,385; Game 4 is $1,110; Game 5 is $1,110. Game 6, which is back in Los Angeles, goes for $1,359 and Game 7 has the cheapest ticket at $1,297.

Persons: SeatGeek Organizations: New York Yankees, Los Angeles Dodgers, Dodgers, New York Mets, Dodger Locations: Los Angeles, New York

☆ With Shohei Ohtani in his first World Series, a chance for greatness on the ‘biggest of stages’
▼ + stars: | 2024-10-21 | by ( Ken Rosenthal | ) www.nytimes.com time to read: +10 min

And from the trip to the World Series that Ohtani helped deliver in year one. But he also could not contain his excitement over the possibility of Ohtani playing in the World Series. The next three days will be filled with analysis, hype and the kind of fever the World Series last experienced … well, when exactly? In 2004, when the Red Sox were seeking to win their first World Series title since 1918? As the World Series begins, Shohei Ohtani will be ready to play another baseball game.

Persons: Sean Manaea, Dave Roberts, Ryne Stanek, Roberts, Mookie Betts, Freddie Freeman, Aaron Judge, Juan Soto, Giancarlo Stanton, It’s, Ohtani, ”, Mark Walter, ” Walter, Yoshinobu Yamamoto, I've, —, orth, “, ince, odgers, omer, eason, hird, egan, ould, J, ‘, ong Organizations: ANGELES, Los Angeles Dodgers, National League, Dodgers, New York Mets, Mets, New York Yankees, Los Angeles Angels, ust, ubs Locations: Japan, Manaea

☆ America's New Economic Supercycle: Growth, Prices, Stock Market Chaos
▼ + stars: | 2024-10-20 | by ( Linette Lopez | ) www.businessinsider.com time to read: +12 min

First, higher interest rates will reward savers, making it more expensive to take risks. And with interest rates so low, companies could suddenly load up on debt: From 2007 to 2017, global nonfinancial corporate debt doubled, to $66 trillion. Now, with the arrival of a new supercycle, money managers are once again being forced to adapt to a changing set of economic realities. Normally, when the Fed hikes interest rates rapidly, the stock market tanks. Rising interest rates will make loans more expensive, forcing businesses to make more-thoughtful decisions about debt.

Persons: Josh Hirt, Silas Myers, Myers, Hirt, you've, Joe Quinlan, they'll, Quinlan Organizations: Investors, Vanguard, Mar Vista Investments, Federal Reserve, Capital, . Venture, Nasdaq, Bank of America, Big Tech, Federal Trade Commission, Treasury, European Union, Aerospace Locations: Washington, China, Unemployment, Europe, America, Japan, United States

☆ Halloween could taste different this year thanks to soaring cocoa prices
▼ + stars: | 2024-10-20 | by ( Erika Tulfo | ) edition.cnn.com time to read: +5 min

That’s because cocoa prices have more than doubled since the start of the year and have remained at record highs, according to Wells Fargo data shared with CNN. The surging prices have caused grief for confectioners during prime chocolate sales seasons like Valentine’s Day and Easter. The company’s president, Michele Buck, said in a call in August with analysts that cocoa prices are “not sustainable,” and pointed toward higher prices. Though hope is on the horizon, experts project cocoa prices will remain high until at least September 2025. A customer shops for Halloween candy at a Walmart Supercenter on October 16, 2024 in Austin, Texas.

Persons: it’s, ”, David Branch, Francis Kokoroko, Reuters El, Michele Buck, Hershey, Joseph , Missouri Nick Ingram, Sally Lyons Wyatt, Mars, Brandon Bell, ” Lyons Wyatt Organizations: CNN, Wells, Food Institute, Reuters, International Cocoa Organization, Hershey, Walmart, Getty, ’ Association, NCA, “ Locations: Wells Fargo, West Africa, Osino, Eastern Region, Ghana, St, Joseph , Missouri, Austin , Texas

☆ For Juan Soto, the thrill of the hunt captures a pennant for the Yankees
▼ + stars: | 2024-10-20 | by ( Tyler Kepner | ) www.nytimes.com time to read: +7 min

CLEVELAND — The joy of watching Juan Soto is that he shows you how much he loves baseball. “Soto don’t swing at balls, man,” said Marcus Stroman, who watched from the visiting bullpen Saturday as Soto caught his biggest prize as a Yankee: the American League pennant. Soto paused as he romped near the Yankees’ dugout, flexing and roaring as his teammates tumbled over the railing. Soto turned five years old the day the Yankees’ next series ended in defeat to the Florida Marlins. Not everyone loves it like Juan Soto.”(Top photo of Juan Soto: Mary DeCicco/MLB Photos via Getty Images)

Persons: CLEVELAND, Juan Soto, won’t, Soto, you’re, “ Soto, ”, Marcus Stroman, “ He’s, He’s, They’d, ” Soto, Lane Thomas, manhandling Cleveland, Giancarlo Stanton, Gleyber Torres, Luke Weaver, “ I’ve, ” Weaver, Weaver, Hunter Gaddis, Gaddis, glared, ” Stanton, Muhammad Ali, Jazz Chisholm, Devin Williams, ‘, Soto swatted, “ I’m, ’, Bo Naylor, Brian Cashman, It’s, ’ ”, Anthony Volpe, “, Chris Chambliss, Aaron Boone, Boone, Mary DeCicco Organizations: Yankee, American League, New York Yankees, Cleveland Guardians, Yankees, Cleveland, Mets, Boston Red Sox, Florida Marlins

☆ Here are the 5 things that could move the stock market in the week ahead
▼ + stars: | 2024-10-20 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Earnings drove the stock market higher — can they do it again in the week ahead? But he acknowledged that timing is key because our portfolio discipline mandates that we consider lightening up our stock exposure in an overbought market. In fact, AMD was our worst-performing stock for the entire week, losing more than 7% following the prior week's 1.8% slide. Energy was the worst sector of the week for the market as oil prices sank. In the week ahead, housing numbers are the main draw on the economic front.

Persons: Jim Cramer, ASML, Morgan Stanley, WTI, industrials, We're, Sartorius, Danaher, we're, Stanley Black, Lockheed Martin, Philip Morris, Clark, Baker Hughes, Lam, DOV, CARR, Davidson, Northrop, Edwards Lifesciences, Jim Cramer's, Jim, Stocks, Tuesday's, Spencer Platt Organizations: Dow, Nasdaq, Netflix, Modelo, Corona, Constellation Brands, Taiwan Semiconductor Manufacturing Company, Nvidia, AMD, Broadcom, Club, Abbott Laboratories, Energy, Texas, Honeywell, Danaher, Federal Reserve, Treasury, SAP, Logitech, Verizon, General Motors, GE Aerospace, GE, Lockheed, Quest Diagnostics, Norfolk Southern, Polaris, Seagate Technology, Texas Instruments, Canadian National Railway Company, Boeing, GE Vernova, Fisher, Boston, General Dynamics, Hilton, Lam Research, Business Machines, IBM, Newmont, Viking Therapeutics, Vista Energy, Mattel, O'Reilly Automotive, Whirlpool, American Airlines, United Parcel Service, Southwest Airlines, Tractor Supply Company, Carrier Global, Dow Chemical, DOW, Harley, Union Pacific, Valero Energy, Hasbro, Northrop Grumman, Ryder, Boyd Gaming, Western, Boston Beer Company, York Community Bancorp, Colgate, Palmolive, Newell Brands, Jim Cramer's Charitable, CNBC, NEW, Traders, New York Stock Exchange, Getty Locations: BlackRock, CrowdStrike, U.S, Dover, Freeport, McMoRan, Kimberly, Norfolk, Las, ORLY, VALE, New York City

☆ How an F-22 fighter pilot transforms the stealth jet's combat capabilities into a soaring spectacle
▼ + stars: | 2024-10-20 | by ( Lauren Frias | ) www.businessinsider.com time to read: +1 min

The F-22 is considered the top US air superiority fighter, known for stealth, speed, and agility. F-22 pilot Maj. Samuel Larson captivates audiences with daring displays in the fifth-gen fighter. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe F-22 Raptor, a fifth-generation stealth jet developed by Lockheed Martin, is considered the top US air superiority fighter. As one of the US Air Force's most advanced jets, the supersonic fighter is outfitted with cutting-edge military technology.

Persons: Samuel Larson captivates, —, Lockheed Martin, Samuel " RaZZ Organizations: Service, Lockheed, US Air, Air Force

☆ Here's why inflation may look like it's easing but is still a huge problem
▼ + stars: | 2024-10-19 | by ( Jeff Cox | ) www.cnbc.com time to read: +8 min

Inflation is not deadDaly began her talk with an anecdote of a recent encounter she had while walking near her home. But the conversation encapsulated a dilemma for the Fed: If inflation is on the run, why are interest rates still so high? As evidenced by the young man's question, convincing people that inflation is easing is a tough sell. watch nowThe annual rate of CPI inflation was 2.4% in September, a vast improvement over the 9.1% top in June 2022. However, year-over-year spending increased just 1.7%, below the 2.4% CPI inflation rate.

Persons: Brandon Bell, Goldman Sachs, Mary Daly, Daly, Goldman, Jerome Powell, —, hasn't, haven't Organizations: Walmart, Federal Reserve, San Francisco Fed, New York University Stern School of Business, Commerce Department, Fed, York Fed, Bank of America, National Federation of Independent Business Locations: Austin , Texas, U.S, , Wyoming, Atlanta, York

☆ Here's exactly how to prepare for a Trump or Harris presidency — and how to build a 5-part 'election-proof portfolio'
▼ + stars: | 2024-10-19 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

US stocks usually fall in autumn. "The amount of warning you often get between the peak happening and a pretty significant downturn is pretty limited, right? "What usually happens in an election year is, November and December are pretty bullish for stocks," Keller said. The veteran strategist also talked about what he's half-jokingly calling "Dave's election-proof portfolio" of investments. AdvertisementBelow are Keller's best ideas for either a Trump or Harris win, plus five investments that should be fine either way.

Persons: Stocks, David Keller, —, hasn't, Keller, shouldn't, Harris, Whoever's, he's, Donald Trump, Kamala Harris Organizations: Service, Sierra Alpha Research, Trump

☆ Dog spotted hanging out on top of ancient pyramid in Egypt
▼ + stars: | 2024-10-18 | by ( Salma Arafa | ) edition.cnn.com time to read: +3 min

CNN —Soaring high into the sky, paragliders are used to enjoying fascinating aerial views of some of the world’s most famous ancient landmarks. “We noticed something running back and forth on top of the pyramid,” Mosher told CNN Travel. The next day, curious to see if the dog was still there, they flew over the pyramid again, with no luck. However, a fellow adventurer shot a video of what appeared to be the same dog safely making its way down the pyramid. Going viralIn this screenshot from video, a dog climbs down from a pyramid in Egypt.

Persons: Marshall Mosher, ” Mosher, Mosher, ”, Mosher’s, It’s Organizations: CNN, CNN Travel Locations: Egypt, Cairo, Giza

☆ CNBC Daily Open: China posts better-than-expected economic data
▼ + stars: | 2024-10-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Better-than-expected growth for ChinaChina's third-quarter gross domestic product expanded by 4.6% year on year, according to the National Bureau of Statistics. Chinese and U.S. retail sales going strongChina's retail sales for September grew 3.2% from a year ago, said the National Bureau of Statistics. Across the Pacific Ocean, retail sales in the U.S. rose a seasonally adjusted 0.4% for September.

Persons: Dow Jones, Pat Gelsinger, Altera Organizations: CNBC, China, National Bureau of Statistics, Dow, Dow Jones, Nasdaq, Intel, U.S . Federal Reserve Locations: U.S, Asia, Pacific, Shanghai

☆ Netflix closes at all-time highs after reporting solid earnings beat and strong guidance
▼ + stars: | 2024-10-18 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

The surge comes after the streaming giant reported another strong quarter and issued positive guidance. Quarterly revenue was slightly above estimates while its ad-supported tier saw strong subscriber growth. AdvertisementInvestors poured into Netflix shares on Friday, sending the stock to record highs after the streaming giant's solid third-quarter earnings report. The surge came after Netflix reported a strong earnings beat and gave positive forward guidance that gave investors confidence about its position in the streaming wars. He said Netflix's latest earnings and free cash flow set it apart from the competition in the increasingly fierce streaming wars.

Persons: —, Morgan Stanley, Benjamin Swinburne, Swinburne Organizations: Service, Netflix, Bloomberg, UBS, Bank of America, CNBC Locations: signups

☆ The commercial real estate recovery is on, but the rebound may be uneven
▼ + stars: | 2024-10-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Howard Schnapp | Newsday | Getty ImagesThe tide could be turning for commercial real estate. That could give interest rate-sensitive sectors such as commercial real estate long-awaited positive momentum. While lower rates are not a "magic bullet," the easing of the Fed's monetary policy "lays the groundwork for a commercial real estate recovery," analysts wrote in a follow-up report in late September. More than $40 billion in transactions occurred during the second quarter, a 13.9% jump quarter over quarter, but still 9.4% lower year over year, according to real estate data intelligence firm Altus Group. While these dynamics could set the stage for a broader recovery, with some major subsectors such as commercial retail real estate picking up in tandem, the path forward will likely be uneven.

Persons: Howard Schnapp, Alan Todd, Todd, Willy Walker, Walker, Dunlop, what's, Wells, Wells Fargo, —, Chad Littell, Littell Organizations: Newsday, Federal Reserve, Bank of America, CNBC, REIT, Real, Board, New York, U.S, Capital Locations: Melville , New York, Wells, U.S, Manhattan, Wells Fargo

☆ Israel's Sinwar video shows the chilling reach of battlefield drones
▼ + stars: | 2024-10-18 | by ( Matthew Loh | Mia Jankowicz | ) www.businessinsider.com time to read: +7 min

Only 13 years ago, the world learned of what were Muammar Gaddafi's last few moments through shaky video filmed on cellphones. Small drones are a critical feature of combat in Ukraine, where they've been used for battlefield observation and attack. The hovering quality of the Sinwar video indicates it was likely filmed by a quadcopter. AdvertisementThe astounding wealth of drone-fed intelligence, surveillance and reconnaissance has made more of the battlefield visible than ever before. Nonetheless, technological advances mean that drones watching the battlefield will be a ubiquitous feature of future wars, a looming threat to ground troops and fleeing leaders.

Persons: Israel, Yahya Sinwar's, —, Yahya Sinwar, Sinwar, Yahya Sinwar’s, GJGDlu7bie, Nadav Shoshani, Muammar Gaddafi's, Mauro Gilli, Gilli, they've, It's, Volodymyr Zelenskyy, Maria Berlinska, Guy Prives Organizations: Service, Swiss, ETH Zurich, Anadolu, Getty, Pentagon, IDF Locations: Libyan, It's, Ukraine, Russian, Moscow, Kursk, Israel

☆ Why Uniqlo is thriving right now
▼ + stars: | 2024-10-18 | by ( Maria Noyen | ) www.businessinsider.com time to read: +7 min

Uniqlo's parent recently reported record earnings for the third year running, bolstered by strong sales at Uniqlo. Uniqlo consumers are diverse in age and disposable income. Uniqlo thinks of itself as a tech companyTadashi Yanai, CEO of Uniqlo and founder of Fast Retailing, once said, "Uniqlo is not a fashion company — it's a technology company." Cristina Arias/Cover/Getty ImagesThat's why Uniqlo releases new collections seasonally, whereas rivals such as Zara produce about 500 new designs weekly. He thinks Uniqlo comes with "a bit of this myth of the Japanese psyche.

Persons: —, Zara, Kate Yuille, Uniqlo.com Amrita Banta, Z, Banta, Martin Roll, Uniqlo, Tadashi Yanai, Toray, Yanai, Cristina Arias, Yuille, that's, Koji Watanabe Organizations: Service, Retailing, M, GU, Research, Strategy, McKinsey Locations: Japan, Zara, Hiroshima, Uniqlo, Uniqlo's

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