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☆ Jim Cramer looks at Amazon and Apple and why it can be tough to sit on good stocks
▼ + stars: | 2024-10-08 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday described why it can be difficult for investors to sit on solid stocks. "In the last decade, the toughest thing to do is to hold on to good stocks," he said. Cramer recapped action in the stocks of Apple and Amazon , which received downgrades on Monday — ratings with which Cramer disagreed. Both stocks sold off heavily on Monday, he pointed out, but they recovered by Tuesday — hampering investors' chances of buying back shares if they sold during the previous session. "I need you to understand that when analysts downgrade after stocks have already been hammered, when really good investors ignore the positives, then, it may be a grim time," Cramer said.

Persons: CNBC's Jim Cramer, downgrades, Cramer Organizations: Apple

☆ Mega Millions lottery is more than doubling the price of a ticket to $5
▼ + stars: | 2024-10-08 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —The cost of a Mega Millions ticket is more than doubling, but the multi-state lottery game is promising that the bigger price comes with better odds. It’s the second time the price of a ticket has increased in Mega Millions’ 22-year history: In 2017, the price jumped from $1 to $2 — the same cost of a Powerball ticket. That’s also when Mega Millions adopted its current format of choosing six total numbers from two different pools – and when all the numbers match, including the gold Mega Ball, the player wins the jackpot. Mega Millions said that the increased ticket price will cause larger-starting jackpots, as well as faster-growing jackpots. Mega Millions is available to play in 45 states plus Washington, DC, and the US Virgin Islands.

Persons: It’s, That’s, ”, Joshua Johnston Organizations: New, New York CNN, Mega, Mega Millions Consortium, Virgin Islands Locations: New York, Florida, Washington, Virgin

View at Amazon What we like Check mark icon A check mark. Outdated Pixel designSamsung Galaxy S24 $599.99 $799.99 Save 25% The Galaxy S24 runs on the most powerful processor for Android phones in 2024. View at Amazon What we like Check mark icon A check mark. Includes unwanted bloatwareSamsung Galaxy S24 Ultra $997.48 $1,299.99 Save 23% The Galaxy S24 Ultra is Samsung's top-end phone in 2024, set apart from its Galaxy S24 siblings and most of the premium phone competition with its four cameras, giant 6.8-inch display, stunning battery life, and included S Pen stylus. View at Amazon What we like Check mark icon A check mark.

Persons: we've Organizations: Business, Prime, Deal, Samsung, Galaxy, overexposure Samsung, Amazon Samsung, AI, Amazon

☆ Traders are betting Hurricane Milton will knock out electricity and leave power plants idling
▼ + stars: | 2024-10-08 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Energy traders are betting that Hurricane Milton will spark power outages in Florida. US natural gas futures have fallen 8% in the last three days. Front-month US natural gas futures have dropped 8% over the last three days, from $2.97 to $2.74 per million British thermal units as of Tuesday morning. The price drop comes as the Southeast prepares for Hurricane Milton, which is expected to hit Florida by Wednesday evening. Energy traders have leaned more bullish on natural gas in recent weeks before the latest bout of extreme weather.

Persons: Hurricane Milton, —, Helene Organizations: Hurricane, Traders, Service, Energy, Southeast, Florida, Gas, New York Mercantile, Intercontinental Exchanges, Reuters Locations: Florida

☆ How Harris could secure a historic winning record for Democrats in November – and still lose
▼ + stars: | 2024-10-08 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +20 min

By contrast, the modern day Democrats’ historic success at winning the popular vote hasn’t translated into nearly as much governing power for them. Over this record run of popular vote success, Democrats have already twice lost the Electoral College – and thus the White House – while winning more votes. Amazingly, Republicans won unified control of government in two elections when Democrats won a plurality of the national presidential vote: 2000 and 2016. The Democrats’ popular vote winning stretch began in 1992 with Clinton’s victory over George H.W. The highest share of the popular vote Democrats have won over this period is the 52.9% that Obama garnered in 2008.

Persons: Kamala Harris, Donald Trump, Theodore Roosevelt, Franklin D, Roosevelt, –, ”, Paul Pierson, Harris isn’t, Trump, Joe Biden, Harris, Evan Vucci, Grover Cleveland, Kyle Kondik, Bill Clinton, Barack Obama, Biden, Lee Drutman, Dwight Eisenhower, Eisenhower, Truman, “, Pierson, Franklin Roosevelt, Harry Truman, Mark Schiefelbein, George H.W, Clinton, Al Gore, Obama, Hillary Clinton, George W . Bush, William McKinley, Teddy Roosevelt’s, William Howard Taft’s, Warren Harding, Calvin Coolidge, Herbert Hoover, Harding, Lyndon B, FDR, John Sides, Lynn Vavreck, Michael Tesler, Kondik, that’s, Drutman, Mitch McConnell, ” Drutman, Mitt Romney’s, Nikki Haley, Republican pollster Patrick Ruffini, centrists, Jim Kessler, Reagan, H.W, H.W . Bush, haven’t, ” Pierson, Ruffini Organizations: CNN, Democrats, Deal, TR Republicans, FDR Democrats, Electoral College –, TR, Supreme, University of California, Electoral, House, Senate, AP, Republican Senate, Democratic, University of Virginia’s Center, Politics, FDR, White, White House, “ Republicans, New America, Republicans, Republican, Dort Financial, Electoral College, Trump, GOP, kinks, Democratic Party, “ Party, The Locations: Berkeley, Butler , Pennsylvania, LBJ, Dort, Flint , Michigan, George H.W . Bush, Bush, Vermont, Arkansas, North Carolina, –, ”, H.W .

☆ Hurricane Milton could cause as much as $175 billion in damage, according to early estimates
▼ + stars: | 2024-10-08 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Heavy traffic begins to back up on Interstate 275 South as residents evacuate St. Petersburg, Florida, ahead of Hurricane Milton, U.S., October 7, 2024. Hurricane Milton's once-in-a-century potential could cause damage of more than $50 billion, with the potential to leave behind devastation approaching $175 billion or more in a worst-case scenario, according to leading Wall Street analysts. That would be on top of the carnage already left behind by Hurricane Helene, posing a potential record-breaking path of wreckage. "A 1-in-100 year event is estimated by some to result in $175 [billion] in losses for landfall in the Tampa region, and $70 [billion] in losses in the [Fort] Myers region." The extent of the potential is hard to pin down and will depend on timing and location, with a landfall closer to Fort Myers being less costly.

Persons: Hurricane Milton's, Hurricane Helene, Jefferies, Yaron Kinar, Myers, Fort Myers, Hurricane Ian, Ian Organizations: Hurricane, Street Locations: St, Petersburg , Florida, Hurricane Milton, U.S, Tampa, Fort Myers

☆ Deloitte feels the wrath of Trump world over leaked JD Vance messages
▼ + stars: | 2024-10-08 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

CNN —Trump allies are calling for the federal government to punish Deloitte after an employee at the consulting firm apparently shared his private messages with JD Vance. The Post did not reveal who corresponded with Vance, now Trump’s running mate, and leaked those communications. “Maybe it’s time for the GOP to end Deloitte’s taxpayer funded gravy train?” Trump Jr. wrote on X, noting that Deloitte receives billions of dollars in government contracts. Trump Jr. told CNN he was speaking his mind as a private citizen. Neither Trump nor Vance have publicly threatened Deloitte, and it’s worth noting that Trump Jr. has indicated he does not plan to serve in the federal government.

Persons: CNN —, JD Vance, Donald Trump, Trump, Vance, Donald Trump Jr, ” Trump, Jason Miller, Trump Jr, “, ”, Kamala Harris, ” “, GOP Sen, Eric Schmitt, he’s, ” Jeffrey Sonnenfeld, John Deere, Davidson, ” “ Donald Trump, ” Richard Painter, George W, Bush, ” Painter, Painter, MAGA, Jonathan Gandal, Yale’s, ” Norman Eisen, it’s, ” Eisen Organizations: CNN, CNN — Trump, Deloitte, Washington Post, GOP, Trump, Department of Defense, Internal Revenue Service, Department of Homeland Security, Trump Jr, White, Yale, Leadership, Department, Google, Apple, Harley, US Postal Service, Motors, University of Minnesota, ”, ” Trump Jr, Post, Wall Street, ” “ Deloitte, “ Deloitte, Brookings Institution, DOJ

☆ Trump vows to ‘remove the Jew haters’ if reelected during event commemorating October 7 attacks
▼ + stars: | 2024-10-08 | by ( Kate Sullivan | ) edition.cnn.com time to read: +3 min

CNN —Former President Donald Trump said Monday he would “remove the Jew haters” if reelected, speaking at an event commemorating the first anniversary of the October 7 Hamas attacks in Israel. We will remove the jihadist sympathizers and Jew haters. We’re going to remove the Jew haters who do nothing to help our country, they only want to destroy our country,” he said during the event at his golf course in Doral, Florida. “The anti-Jewish hatred has returned even here in America, in our streets, our media and our college campuses and within the ranks of the Democrat Party, in particular, not in the Republican Party. I will tell you that it’s not in the Republican Party,” the former president added.

Persons: Donald Trump, ”, “, haters, Trump, ” Trump, Biden, there’s Organizations: CNN, Democrat Party, Republican Party, GOP, Republican National Convention, Israel, Jewish, Republican Jewish Coalition Locations: Israel, Doral , Florida, America, United States

☆ A new documentary claims to have found Satoshi Nakamoto, the mysterious founder of bitcoin
▼ + stars: | 2024-10-08 | by ( Jon Sarlin | ) edition.cnn.com time to read: +13 min

CNN —The identity of bitcoin creator Satoshi Nakamoto has long been one of the biggest mysteries of the internet age. Yet the man that director Cullen Hoback’s film names as the 2009 founder of bitcoin is denying he is Satoshi Nakamoto. “For the record, I’m not Satoshi,” Peter Todd, a bitcoin core developer, told CNN in a statement. Hoback’s evidence includes a 2010 bitcoin message board post from Todd that he concludes was written by Satoshi Nakamoto. I gave Peter Todd every opportunity to contradict the claims, to explain the claims.

Persons: Satoshi Nakamoto, ”, Cullen Hoback’s, bitcoin, ” Peter Todd, Todd, “ Cullen, “ Peter, ” Hoback, Hoback, Satoshi Nakamoto’s, he’s, Cullen Hoback, You’re, Satoshi, It’s, Craig Wright, They’re, you’ve, Peter Todd, I’ve, Adam Back, Adam, Peter, Roger Ver, Let’s, Peter Todd’s, ” Todd, I’m, Todd “, ” “ He’s, “ Peter’s Organizations: CNN, HBO, Warner Bros ., ” CNN, Newsweek Locations: Latvia, Satoshi’s

☆ New York Jets fire coach Robert Saleh after 2-3 start and apparent tension with Aaron Rodgers, reports say
▼ + stars: | 2024-10-08 | by ( David K. Li | ) www.cnbc.com time to read: +1 min

Head coach Robert Saleh of the New York Jets celebrates with Aaron Rodgers #8 after a touchdown against the New England Patriots during the second quarter in the game at MetLife Stadium on September 19, 2024 in East Rutherford, New Jersey. The New York Jets fired head coach Robert Saleh, according to multiple published reports on Tuesday, following the team's disappointing start with Aaron Rodgers back at the helm — and amid seeming tensions between the coach and the star quarterback. Saleh, who was hired by the Jets in 2021, finished his Jets head coaching record at 20-26. The Jets committed five false start penalties in the Denver loss and Saleh said it could be linked to the tricky cadence Rodgers employs when barking out pre-snap signals. And in the win over New England, Rodgers appeared to rebuff an attempted hug from Saleh after a touchdown.

Persons: Robert Saleh, Aaron Rodgers, Saleh, Rodgers, there's, Rogers, rebuff Organizations: New York Jets, New England Patriots, MetLife, The New York Jets, Jets, San Francisco 49ers, woeful Tennessee Titans, Denver Broncos, Minnesota Vikings, New Locations: East Rutherford , New Jersey, The, London, Denver, New England

☆ Caitlin Clark: WNBA Rookie of the Year set to participate in LPGA golf event in November
▼ + stars: | 2024-10-08 | by ( Jamie Barton | ) edition.cnn.com time to read: +2 min

CNN —Apparently not satisfied with becoming one of the dominant forces in the WNBA, 2024 Rookie of the Year Caitlin Clark is set to compete in a Pro-Am golf event in November. The Indiana Fever superstar will appear at The Annika, the penultimate tournament on the LPGA Tour hosted by golf legend Annika Sörenstam from November 11-17. As well as playing in the Pro-Am event on November 13, Clark will also feature as a panelist at the Women’s Leadership Summit the day before as part of the event in Florida. The rookie has just completed a historic season in the WNBA. “I’m excited to meet Caitlin and for her to join us at Pelican Golf Club in November in what will be an exciting week for women’s sports.”

Persons: CNN —, Caitlin Clark, Annika, Annika Sörenstam, Clark, “, Annika Sörenstam’s, ”, Ludvig Åberg, Zach Johnson, Caitlin Organizations: CNN, WNBA, Indiana Fever, LPGA, Summit, John Deere, Ryder, Fever, Connecticut Sun, Pelican Golf Club Locations: Florida

☆ Tampa Bay Buccaneers heading to New Orleans early to avoid Hurricane Milton
▼ + stars: | 2024-10-08 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +1 min

CNN —The Tampa Bay Buccaneers are departing for their Week 6 matchup early in order to avoid the expected landfall of Hurricane Milton in Tampa, Florida. Milton has reached speeds of 175 mph and was classed as a Category 5 hurricane on Monday, but has dipped back into Category 4 status. It is the strongest hurricane to occur anywhere on the planet this year and one of the 10 strongest (tied for ninth) hurricanes ever recorded in the Atlantic. The hurricane is expected to fluctuate in intensity before ultimately making landfall on Wednesday as a Category 3 storm. “Milton is still a relatively compact hurricane, but the wind field is expected to continue to grow in size as it approaches Florida.

Persons: Milton, Hurricane Helene, “ Milton, ” Organizations: CNN, Tampa Bay Buccaneers, Buccaneers, New Orleans Saints, NFC, Bucs, NFC South, Atlanta Falcons, Super Bowl, Kansas City Chiefs, National Hurricane Center, “ Locations: Hurricane Milton, Tampa , Florida, Tampa, New Orleans, Florida, Milton

Apple iPad (9th Generation) $199.00 $329.00 Save 40% The 2021 9th-gen 10.2-inch iPad is great for those who need an iPad for simple and basic tasks, like streaming videos, browsing the web, and running apps. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. The featherweight, 8.3-inch iPad Mini offers ultimate portability, while the 13-inch iPad Air and iPad Pro boast the largest screens at the expense of portability.

Persons: Apple's, it's Organizations: Business, Prime, Deal, Apple, Apple iPad, iPad

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Persons: Bose, Max, They're, Apple Organizations: Business, Deal, Sony WH, 1000XM5, Apple, Amazon, Amazon Sony WH, Sony, Apple AirPods, Wireless

The Amazon Prime Big Deal Days event is one of the best chances of the year to find a discounted Apple Watch, and we're rounding up the best Apple Watch Prime Day deals alongside the best Prime Day deals across other product categories. The best Amazon Prime Day Apple Watch dealsApple Watch Series 10 Titanium (46 mm) $708.00 $749.00 Save 5% With the titanium case option on the new Apple Watch Series 10, you also get Apple's durable sapphire crystal display. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. Overall, the best Apple Watch is the new Apple Watch Series 10.

Persons: There's, it's, Apple Organizations: Business, Amazon Prime, Deal, Apple Watch, Apple, Prime

☆ Spirit Halloween is transforming some of its stores into a Christmas spinoff
▼ + stars: | 2024-10-08 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —When the latest spooky season passes, it won’t mark the end for some Spirit Halloween stores, with the chain planning to convert some locations and keep them open for the holidays. The retailer is opening a total of 10 Spirit Christmas stores, primarily in the US Northeast, filled with the winter holidays-themed items including gifts, decorations and inflatables. The pop-up chain will be a mixture of some converted Spirit Halloween stores and new locations. This year, Spirit Halloween opened a record 1,525 stores in the United States and Canada. The winter holidays are even a bigger business for Spirit Halloween to tap into: Last year, spending across the country grew nearly 4% to a record $964 billion, the NRF said.

Persons: Santa, “, ”, Spencer Organizations: New, New York CNN, CNN, National Retail Federation Locations: New York, , New Jersey, United States, Canada

☆ The latest updates on Lyle and Erik Menendezs' murder case that the Netflix shows about them miss out
▼ + stars: | 2024-10-08 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +6 min

Netflix has released a true crime drama and a documentary about the Menendez brothers' high-profile '90s trial. AdvertisementNetflix has released both a true crime drama and a documentary about brothers Erik Menendez and Lyle Menendez, who killed their parents in 1989. Lyle Menendez and Erik Menendez's attorneys believe new evidence could prove their father abused themErik Menendez, and Cooper Koch in "Monsters: The Lyle and Erik Menendez Story." The creators of "Monsters" and "The Menendez Brothers" didn't want to get involved in the caseRyan Murphy onstage at a "Monsters: The Lyle and Erik Menendez Story" event in New York. AdvertisementHe added that the series was "the best thing that has happened to the Menendez brothers in 30 years" because it rekindled public interest in their case.

Persons: Menendez, —, Erik Menendez, Lyle Menendez, José Menendez, Kitty Menendez, Lyle, Erik Menendez's, Cooper Koch, Judge Stanley M, Weisberg, Robert Rand, Andy Cano, NddiqeIBRw, Rob Rand, Roy Roselló, Menudo, Ryan Murphy, Roy Rochlin, Ross Dinerstein, Rebecca Evans, they've, Evans, We're, George Gascón, Gascón, Laurie L, Levenson Organizations: Netflix, Service, Menudo, Rob Rand Wants Justice, Menendez, Hollywood, Variety, Attorney, Loyola Law School Locations: New York, Los Angeles County, Los Angeles

☆ Gaming sector is seeing record growth
▼ + stars: | 2024-10-08 | 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 EmailGaming sector is seeing record growthAmerican Gaming Association CEO Bill Miller says the gaming industry has seen 41 months of continued growth.

Persons: Bill Miller Organizations: Gaming, American Gaming Association

☆ Florida residents evacuate inward as Hurricane Milton nears
▼ + stars: | 2024-10-08 | by ( Paul P. Murphy | Michelle Krupa | ) edition.cnn.com time to read: +8 min

Anna Maria Island, Florida CNN —Carol Whitmore couldn’t pack her big SUV to leave this barrier island as Hurricane Milton aimed Tuesday for Florida’s west coast with already-historic fury. Hurricane Helene took it two weeks ago. Still, for a while in Helene, Whitmore was cut off. Storm damage from Hurricane Helene sits Tuesday in a True Value store on Anna Maria Island, Florida. A lot of people going through a lot worse.”Dune sand pushed inland by Hurricane Helene sits Tuesday on streets on Anna Maria Island in Manatee County, Florida.

Persons: Anna Maria, Florida CNN — Carol Whitmore couldn’t, Milton, Helene, Whitmore, Maddie, ”, “, ” Whitmore, Jane Castor, Holmes, Bill Tokajer, Jake Keglor, ” Keglor, Keglor, who’d, Angel –, Hurricane Helene, Paul Murphy, CNN “ We’ve, Greg Mullis, Gandy, “ We’ve, Dan Whelan, ‘, Marie Saveikis, “ I’m, it’s, Anna Maria Island, Skip, Annie Radick, Annie, ” Skip, Tokajer, –, “ We’re, Helene … “, You’ve, “ It’s, he’d, ” CNN’s Paul P, Murphy, Michelle Krupa, Leigh Waldman Organizations: Florida CNN, Social, CNN, College H.U.N.K.S, Holmes Beach, National Weather Service Locations: Anna Maria Island, Florida, Florida’s, Helene, Manatee County, Orlando, Mexico, Tampa, Seminole, St . Petersburg, Hurricane, Anna Maria Island , Florida, Pinellas County, Milton, Clearwater, Anna Maria Island , Montana, Anna, Manatee County , Florida, Atlanta

☆ The 9 Elements of a Trump Rally
▼ + stars: | 2024-10-08 | by ( Ian Prasad Philbrick | Ashley Wu | ) www.nytimes.com time to read: +89 min

We have some voters, they’re for us, but they’ve never voted and they’re going to want to vote. There’s something wrong with Kamala and I just don’t know what it is, but there is definitely something missing. They’re going to get him in Florida.” It was always… That seemed to be the documents case. That’s great. They’re great.

Persons: there’s, I’m, It’s, Joe Biden, Kamala Harris, “, Trump, we’re, would’ve, Tim Walz, Biden, I’d, Rasmussen, We’re, David, they’re, they’ve, They’ll, You’re, “ You’ll, haven’t, she’s, everyone, David McCormick, Bob Casey, David’s, everybody’s, ”, we’d, Kamala, Oprah, doesn’t, I’ve, we’ve, Joe, Rachel Morin, who’s, that’s, Kamala let, … She’s, can’t, it’s, he’s, He’s, Wall, must’ve, ’ Kamala, Lyin, She’s, Donald Trump, “ I’m, Barack Hussein Obama, …, Obama, Hunter, Uncle Sam, Crooked Joe Biden, document’s, Sam, bah, what’s, David Muir, “ We’re, They’re, won’t, Mike Kelly, Kelly, Mike, Lyin ’ Kamala Harris, El Salvador, you’ve, he’ll, “ You’re, Donald, don’t, Don’t, Crazy Nancy Pelosi, Nancy Pelosi, Billy Graham, Franklin, “ Gee, Lyin ’ Kamala, Elon, Tesla, you’re, God, Sean O’Brien, I’ll, That’s, “ Donald Trump, Alphonse Capone, Alphonse, “ They’re, they’ll, Let’s, should’ve, Emerson, ” David, Dave McCormick, Dave, He’ll, Nick Langworthy, Nick, JD Longo, JD, we’ll, Corey, “ I’ve, Butler, Nobody, Tom, didn’t, Cory, Trumper, There’s, We’ve, “ Kamala, Go, San Francisco Kamala, Ronald Reagan couldn’t, Shawn Fain, It’ll, anybody’s, We’ll, Crooked Joe Organizations: Trump Republicans, Alabama, NFL, United, Democrat, Commonwealth, CPA, Border Patrol, Covid, ISIS, Space Force, Visa, Justice Department, National Guard, Green, Deal, Teamsters, of Police, New York Times, …, Nassau Coliseum, Slippery Rock, ICE, California, we’ll, Trump Reciprocal Trade, teamsters, US Steel, of Education, Black Colleges, Universities, Trump, Washington DC, America Locations: Pennsylvania, Commonwealth, Florida , Georgia, Alabama , Tennessee, Western North Carolina, Delaware, San Francisco, Erie , Pennsylvania, Alabama, Georgia, Wisconsin, United Nations, Iran, Erie County, Mexico, Tijuana, America, South America, Congo, Africa, United States, Asia, Yemen, California, Hollywood, Let’s, North Carolina, Russia, McDonald’s, New York, Ohio, Michigan, . Pennsylvania, Charleroi, Charleroi , Pennsylvania, … Charleroi, Harris, El, West Virginia, ”, China, Iowa, Philadelphia, Detroit, Atlanta, Florida, United States of America, Pennsylvania , Arizona , Wisconsin, Arizona, Slippery, Butler, That’s, San, Saudi Arabia, Japan, Ukraine, Washington

Persons: AirPods, They're, Apple AirPods Max, Bose, Max, Apple Organizations: Business, Deal, Sony WH, 1000XM5, Sony, Apple, ANC, Wireless, Amazon, Bose, Anker

☆ A startup pitching AI as a way to automate 80% of influencer-marketing tasks gets funding from billionaire Tim Draper
▼ + stars: | 2024-10-08 | by ( Dan Whateley | ) www.businessinsider.com time to read: +5 min

Influencer-marketing startup Dreamwell AI raised $2.3 million in a pre-seed round led by Tim Draper. The company uses AI to automate marketing tasks like influencer prospecting and outreach. A new tech startup called Dreamwell AI has its sights set on using AI to make influencer marketing run more efficiently. "First and foremost, we try to understand what's the value of this creator," Khazaal said. Startups and Big Tech alike are adding AI tools to help creators automate tasks like video editing, dubbing, and even coming up with ideas.

Persons: Tim Draper, —, Kazzy Khazaal, Dreamwell, Tim Draper's, Draper, Khazaal, they'd, Prashant Matta Organizations: Service, Business, Draper Associates, Seed Venture Fund, YouTube, LinkedIn, Big Tech, Publicis Groupe

Persons: Matte, Slim, It's Organizations: Business, Deal, Samsung, LG, Buyers, Shoppers, Fire, Alexa, Samsung S95D, Dolby, Sony, Panasonic, Toshiba

☆ Why oil and gas markets are dreading the risk of supply disruption in the Strait of Hormuz
▼ + stars: | 2024-10-08 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

In 2022, oil flow in the Strait of Hormuz averaged 21 million barrels per day, according to the U.S. Energy Information Administration (EIA). Saul Kavonic, senior research analyst at MST Financial, said supply disruptions along the Strait of Hormuz could send oil prices significantly higher. Oil prices traded more than 3% on Monday, extending gains even after notching their sharpest weekly gain since early 2023 last week. "But seeing where the oil price sits right now the market doesn't seem to hold much probability for such a development at all," he added. "A significant disruption to these flows would be enough to push oil prices to new record highs, surpassing the record high of close to $150/bbl in 2008," he added.

Persons: Alan Gelder, Wood Mackenzie, CNBC's, Iraq —, Gelder, Saul Kavonic, Kavonic, Bjarne Schieldrop, SEB, Brent, Schieldrop, Warren Patterson, Patterson Organizations: Nurphoto, U.S . Energy Information Administration, Energy, Brent, U.S, West Texas, ING, bbl, United Arab Emirates, Space Shuttle Columbia Locations: Persian, Bushehr, Iran, Hormuz, Oman, Strait, Israel, Saudi Arabia, Kuwait, Iraq, UAE, Gulf, Muscat

☆ The bar for earnings is low, and stocks should rise as long companies are feeling upbeat about lower rates, BofA says
▼ + stars: | 2024-10-08 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

As long as companies report that they're feeling good about lower interest rates, stocks should rise. That's according to Bank of America, which notes that apart from that dynamic, the bar for third-quarter earnings set by Wall Street is pretty low. The analysts expect 2% earnings growth, below consensus estimates of 4% and second-quarter earnings growth of 11%. As long as companies have managed through macro headwinds and see early signs of improvement from lower rates, stocks should get rewarded," the analysts said in a Tuesday note. The analysts recommend watching those sectors for early signs of improvement from lower rates ahead of earnings.

Persons: — Organizations: Bank of America, Service, Wall, Federal Reserve, Manufacturing

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