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NEW YORK (AP) — The National Retail Federation, the nation’s largest retail trade group, expects holiday sales growth will slow to a range of 3% to 4%, compared with 5.4% growth of a year ago. For the holiday 2021 season, sales for the two-month period surged 12.7%. Analysts say that shoppers could become rattled if the Israel-Hamas war is not contained, particularly heading into the critical holiday season. Political Cartoons View All 1230 ImagesThe forecast from the retail trade group considers a variety of indicators including employment, wages, consumer confidence, disposable income, consumer credit, previous retail sales and weather. The consulting firm Deloitte expects holiday sales to jump between 3.5% and 4.6%.
Persons: It's, Craig Johnson, They’re, Kohl’s, It’s, , Christie Raymond, “ We’re, they’ve, they’re Organizations: National Retail Federation, Analysts, Federal, Federal Reserve, Fed, Mastercard SpendingPulse, Deloitte, Growth Partners, clogs Locations: Israel
Learn moreBlack Friday 2023 is rapidly approaching, and retailers are already offering great deals on hundreds of popular products, and adding more every week. We're also incredibly impressed by a $300 discount on the Dell G15's RTX 4050 model, which makes one of the best budget gaming laptops even better. We'll be updating this article every week with new early deals, all the way up to the big Black Friday event itself on November 24. Check back often for the best discounts, and take a look at our main Black Friday deals roundup for even more opportunities to save. The best early Black Friday deals this weekFor more Black Friday discounts, be sure to check out our related deal roundups packed with all of the latest sales you can shop right now:
Persons: We're Organizations: Apple, Dell
That's why more than 50 local officials signed onto a letter Tuesday calling on the Environmental Protection Agency to help municipal governments cut food waste in their communities. Tackling food waste is a daunting challenge that the U.S. has taken on before. In 2015, the U.S. Department of Agriculture and the EPA set a goal of cutting food waste in half by 2030, but the country has made little progress, said Claudia Fabiano, who works on food waste management for the EPA. Researchers say households are responsible for at least 40% of food waste in the U.S. Chicago, for instance, just launched a city-wide composting pilot program two weeks ago that set up free food waste drop-off points around the city.
Persons: Claudia Fabiano, “ We've, ” Fabiano, Weslynne Ashton, ” Ashton, Ning Ai, , Ai, ___ Read, Melina Walling Organizations: CHICAGO, Environmental Protection Agency, U.S . Department of Agriculture, EPA, Farmers, Illinois Institute of Technology, , Chicago, University of Illinois, AP Locations: U.S, It's, California, University of Illinois Chicago, ___
President Biden just signed an executive order regarding the development and use of AI technology. The broad executive order touches on more than a dozen possible uses of AI and generative AI that already are, or could in the future, directly impact people's lives. The size threshold is so high that currently most available models do not meet the criteria for further transparency called for in Biden's executive order. Although all of the major tech companies earlier this year agreed to adhere to standards of responsibility and training in their AI work. Do you think AI is in a hype cycle, and everybody's overreacting to what it's going to mean?
Persons: Biden, Ben Buchanan, , Buchanan, Andrew Bosworth, We're, everybody's, Ben, Kali Hays Organizations: Service, White, Office of Science, Technology, Monday, Meta, Google, Microsoft, National Institute of Standards, Biden White House, Department of Commerce . Technology, Atomic Energy, Defense, EO Locations: United States, khays@insider.com
Election Day is still several days away, but voters in New York can get a head start on Saturday, when early voting begins. There are some interesting New York City Council races on the ballot. Another face-off pits two newcomers in a nearby district that was recently created to amplify the voices of Asian voters. But for most New Yorkers, it will be a relatively quiet Election Day, with no presidential, governor or mayoral races on the ballot this year. Your ballot might include races for the City Council, district attorney, judges and two statewide ballot measures.
Organizations: New York City, Republican, City Council Locations: New York, Brooklyn
Rates of cloud-computing sales growth slowed to historical lows this year as customers slashed IT budgets. Microsoft and Google, the next two biggest American cloud providers, also saw rates of cloud-revenue growth slow this year. Microsoft's Azure and other cloud services saw revenue growth of 29%, down from 35% this time last year. Google this week reported a 22% year-over-year increase in cloud revenue the past quarter, down from 28% the previous quarter. The company attributed this to customer "optimization," or looking for ways to save money on cloud services.
Persons: Karl Keirstead, they're, they'd, Rishi Jaluria, Andy Jassy, Jassy, Ellen Thomas Organizations: Microsoft, Web Services, Google, Enterprises, UBS, Wall, RBC Capital Markets, Amazon Locations: Ukraine, Israel, ethomas@insider.com
Microsoft and Google, the next two biggest American cloud providers, also saw cloud revenue growth rates slow this year. Microsoft Azure and other cloud services saw revenue growth of 29%, down from 35% this time last year. Wall Street has been hopeful that generative AI will provide a much-needed revenue boost for the big three cloud providers. The one exception is Microsoft, which has spent billions investing in generative AI startup OpenAI, maker of the chatbot ChatGPT. Amazon CEO Andy Jassy stressed on the earnings call Thursday that generative AI is still in its "early days."
Persons: Karl Keirstead, they're, they'd, Rishi Jaluria, Andy Jassy, Jassy, Ellen Thomas Organizations: Microsoft, Web Services, Google, UBS, Enterprises, Wall, RBC Capital Markets, Amazon Locations: Ukraine, Israel, ethomas@insider.com
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 23, 2023. Google-parent Alphabet (GOOGL.O) slid 6.6% in premarket trading as its cloud business crawled to its slowest growth in at least 11 quarters. Microsoft (MSFT.O), on the other hand, rose 3.9% after topping expectations for first-quarter results in all segments, including its cloud business. Of the 118 S&P 500 companies that have reported so far, 81% have beaten analysts' earnings expectations, LSEG data showed on Tuesday. ET, Dow e-minis were up 47 points, or 0.14%, S&P 500 e-minis were down 13 points, or 0.3%, and Nasdaq 100 e-minis were down 78.75 points, or 0.53%.
Persons: Brendan McDermid, Danni Hewson, AJ Bell's, Israel, Ankika Biswas, Shashwat Chauhan, Savio D'Souza, Shounak Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, U.S, Treasury, Google, Microsoft, Apple, Mobile, Dow e, . Federal Reserve, Traders, Texas, Thomson Locations: New York City, U.S, Texas, Gaza, Bengaluru
CNN —Nikola Jokić led the Denver Nuggets to a victory over the Los Angeles Lakers on opening night of the 2023-24 season as the NBA champions began their campaign to secure a second successive ring. Two-time NBA MVP Jokić finished with a triple-double – 29 points, 13 rebounds and 11 assists – as the Nuggets won 119-107 at Ball Arena in Colorado. But it was the defending NBA champion which got its season off to the perfect start, with clear aspirations of repeat success. Who wants another?” Nuggets head coach Michael Malone said during the team’s ring ceremony. On one side, there are the words “WORLD CHAMPIONS” with the Denver Nuggets retro logo and the team’s regular season record.
Persons: Nikola Jokić, Jokić, , LeBron James, , Michael Malone, James dribbles, Justin Tafoya, Jamal Murray, Kentavious Caldwell, Pope, ” Jokić, Devin Booker, Kevin Durant –, Booker, Steph Curry Organizations: CNN, Denver Nuggets, Los Angeles Lakers, NBA, Nuggets, Ball Arena, Ball, Miami Heat, Western, Lakers, Denver, Suns, Warriors, Phoenix Suns, Golden State Warriors Locations: Colorado, Los Angeles, Serbia
Just like the cloud transformed every software category, we think AI is one such transformational shift. Therefore, this notion of Copilots that we're introducing is really going to be revolutionary in terms of driving productivity and communication. Milton Friedman once famously said: "the business of business is business." One is, is the business of business just business? So, I think AI can actually be very helpful in many ways to be a little more empathetic and more understanding of the world.
Persons: Satya Nadella, Axel Springer's, OpenAI, Nadella, Axel Springer, , Mathias Döpfner, Pankaj Nangia, Steve Ballmer, Steve, I've, It's, I'd, Herbert Simon, Karl Marx, Lakshmi, Hayek, Marx, Justin Sullivan, Carol Dweck, they're, Vuk Valcic, That's, it's, you've, Jae, Copilot, Jeff Bezos, I'm, We've, Milton Friedman, Elon Musk, we've, Lina Khan, Sam Altman, Sam, Tomohiro Ohsumi, Bard, Bing, Mathias, wouldn't, Picasso, Jakub Porzycki, Mustafa Suleyman, We'll Organizations: Service, Microsoft, Olympic, Australia, Getty, Activision Blizzard, Gaming, AP, Windows, Linux, Children's Hospital, University of Wisconsin, Associated Press, Google Locations: Berlin, India, Hyderabad, Seattle, United States, Milwaukee, American, China, derisking, DC, Beijing, Europe, GitHub, British
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . EV sales are growing — they hit a record 300,000 sales in the US by Q3 — but it's happening at a less rapid pace than many in the industry were anticipating. Pricing, lacking infrastructure, and macroeconomic factors will continue to influence buyers' uptake of EVs other than Teslas, the Cloud Theory report said. As such, Cloud Theory experts say: "No company — not even Tesla — is guaranteed a seat at the head table."
Persons: Tesla, , Theory, Elon, Rick Wainschel, It's Organizations: Service, Cox Automotive, Ford, Chevrolet, EV, Manhattan Locations: China
Wall Street analysts this week weighed in on five our of mega-cap tech stocks ahead of their quarterly earnings reports in the coming weeks. Street take: Piper Sandler named Microsoft (MSFT) its "highest conviction large cap stock" to own going into the end of 2023. Meta Platforms META YTD mountain META stock performance YTD. Street take: Bank of America said Meta Platforms (META) is "best positioned for revenue acceleration" as the outlook for digital advertising revenue growth remains solid. Ahead of the tech firm's fiscal third-quarter earnings on Oct. 24, the analysts estimate 10% year-over-year revenue growth in Search and 9% revenue growth in YouTube ads.
Persons: Here's, Morgan Stanley, Piper Sandler, Mark Zuckerberg, Jeff Marks, Jim Cramer's, Jim Cramer, Jim, New York Stock Exchange Michael Nagle Organizations: Nvidia, Citi, Microsoft, Apple, Counterpoint Research, Bank of America, JPMorgan, Meta, CNBC, New York Stock Exchange, Bloomberg, Getty Locations: United States, China
How to Prepare Every Part of Your Life for a Recession
  + stars: | 2023-10-16 | by ( Tanza Loudenback | ) www.wsj.com   time to read: +13 min
But a recession brings other threats too, like the potential for major stock market swings that can derail financial goals. As soon as the line begins to tick upward again, the economy exits a recession and enters an expansion. Are we in a recession or is a recession coming? How to preparePreparing your finances for a recession isn’t all that different from practicing good money habits in your daily life. You’ll likely have to make some real-time adjustments to meet short-term goals while enduring a recession, McCoy says.
Persons: Loudenback, it’s, , Ross Hamilton, Raymond James, you’ve, Hamilton, aren’t, “ You’ve, Eric Roberge, ” Roberge, Megan McCoy, , ’ ”, McCoy, You’ll, ” Hamilton, you’re, “ There’s, there’s, ” McCoy, Roberge, ‘ I’ve Organizations: Wall Street, National Bureau of Economic Research, Kansas State University Locations: U.S, Bethesda, Md, Boston, Hamilton
"India has been the best performing Emerging Market in terms of USD returns at 8%, surpassing Brazil at 6%," they wrote. In terms of asset allocation, AllianceBernstein is overweight on financials, while allocating a small portion of this weight to utilities. Delhivery is another favorite stock, with a price target of 460 Indian rupees, giving it around 5% upside. Electricity generation company NTPC made the list for its opportunities in thermal, renewables and green hydrogen, the analysts wrote. The asset manager is overweight on the stock at 274 Indian Rupees representing an upside of almost 15% from its Oct. 11 close.
Persons: AllianceBernstein, Venugopal Garre, Zomato, NTPC, Paytm, it's, — CNBC's Michael Bloom Organizations: Stock, HDFC Bank, Jio Financial Services Locations: India, Brazil
By Bellamy RichardsonAmazon’s Prime Big Deal Days may technically be over, but dozens of quality products are still on sale. Don’t miss big sales on products we love, including some of our favorite wireless earbuds and portable bluetooth speakers. Travel dealsIf you’re getting ready for an upcoming trip, Big Deal Days can help you save big when upgrading your travel gear. Home dealsWhether you’re shopping for the bedroom, bathroom or home office, Big Deal Days has plenty of home products on sale, including some of our favorite vacuums, mattresses and pillows. Beauty, health and wellness dealsWe all need a self-care day every once in a while, and Big Deal Days is a great reason to upgrade your everyday products.
Persons: Bellamy Richardson, you’ll, you’re, fryer Organizations: Big, Big Deal, Tech
Amazon is hosting its second two-day sales event of the year, Prime Big Deal Days, on Oct. 10 and 11. We’ll be updating this section throughout Prime Big Deal Days with our favorites as they’re available. You can also click the “Watch this deal” button for a notification when a specific product’s lightning deal begins. Don’t miss big sales on products we love, including some of our favorite wireless earbuds and portable bluetooth speakers. Travel dealsIf you’re getting ready for an upcoming trip, Big Deal Days can help you save big when upgrading your travel gear.
Persons: Bellamy Richardson, you’ll, you’re, fryer Organizations: July’s, Deal, , Prime Big, Big, Big Deal, Tech
Butler, a Democratic insider and former labor leader, had never held public office before joining the Senate. Under California election rules, the two candidates who receive the most votes advance to the November general election, regardless of party. But to Democratic consultant Garry South, who has run six statewide campaigns in California, including for former Gov. Then, on the campaign side, Butler could talk about Democratic legislative wins and building on Feinstein’s legacy. National Democratic fundraising could pose a challenge in 2024, since the California Senate seat is expected to stay in Democratic hands when control of the chamber will be decided elsewhere.
Persons: Sen, Dianne Feinstein, Laphonza Butler, Gavin Newsom, Butler, Feinstein, Katie Porter, Adam Schiff, Barbara Lee —, Steve Garvey, coy, she’s, I’m, , “ It's, Schiff, Nancy Pelosi, Newsom, , Rebecca Pearcey, Elizabeth Warren’s, “ It’s, Garry South, Gray Davis, , ” Newsom, Kamala Harris ’, Newsom’s, Lee, ” Schiff, Porter, Pearcey, ” Pearcey, Washington gridlock, Butler “, she'll Organizations: ANGELES, Democratic, Senate, Democratic House, Associated Press, ., Gov, Airbnb, Capitol, Democratic Party, National Democratic, California Senate Locations: U.S, California, Washington, Laguna Niguel, Los Angeles
The issues that earned these 15 teenagers a trip to the White House are also priorities for the Biden administration, including first lady Jill Biden, who was convening the first “Girls Leading Change” event to celebrate Wednesday's designation by President Joe Biden as International Day of the Girl. The honorees, including a pair of twins, range in age from 15 to 18 and represent 13 states. “These young women are protecting and preserving the earth, writing and sharing stories that change minds and turning their pain into purpose,” Jill Biden said in a written statement before the ceremony. She founded her school's Latino Student Union and organizes students on issues like climate justice and preventing gun violence. —Gabriella Nakai, 17, of Phoenix, is a Navajo and Choctaw leader who works on improving food security and sustainability.
Persons: Biden, Jill Biden, Joe Biden, ” Jill Biden, Brooke Bennett, — Jazmin, Jackie, Cho, — Julia Garnett, — Logan Hennes, — Anja Herrman, — Leela Marie Hidier, — Elisa Martinez, — Gabriella Nakai, — Zahra Rahimi, — Gitanjali Rao, — Avery Turner, — Sandra Ukah, — Rania Organizations: WASHINGTON, White, Gender, Council, Robb Elementary School, Beach Cities Health, Advisory Council, American Jewish Committee, Equity, Latino Student Union, Choctaw, Massachusetts Institute of Technology, Air Force, University of Florida, Seminole, Student Union, LiTEArary Society Locations: United States, Montgomery , Alabama, Uvalde , Texas, Redondo Beach , California, Beach, Hendersonville , Tennessee, New York, River Forest , Illinois, Yarmouth , Maine, U.S, Las Vegas, Phoenix, Navajo, , Alexandria , Virginia, Afghanistan, Highlands Ranch , Colorado, Colorado Springs , Colorado, Bloom, Lake Mary , Florida, Morgantown , West Virginia
Amazon is hosting its second two-day sales event of the year, Prime Big Deal Days, on Oct. 10 and 11. Read our guide on how to shop the event so you can get the most out of Prime Big Deal Days and check back here for updates on limited-time “lightning deals.”Get 10% back with Amazon Prime VisaIf you’re a Prime Visa credit card owner, you’ll want to take advantage of an extra bonus on Prime Big Deal Days. Some of our favorites incIf you’re a Prime Visa credit cardholder, you’re used to getting 5% back on Amazon and Whole Foods purchases, but now during Prime Big Deal Days, you’ll get double that—10% back—on select items during the sale. Don’t miss big sales on products we love, including some of our favorite wireless earbuds and portable bluetooth speakers. Travel dealsIf you’re getting ready for an upcoming trip, Big Deal Days can help you save big when upgrading your travel gear.
Persons: Bellamy Richardson, , Cardholders, you’ll, incIf you’re, you’re, fryer Organizations: July’s, Deal, Amazon, Foods, Kindle, Big, Big Deal, Tech
Willis signed for Toulouse last November after Wasps collapsed but was allowed to play for England in this year's Six Nations. Willis left the England squad last week after a neck injury ended his World Cup. England's performance director Conor O’Shea said he hoped the situation with Arundell would be confirmed in the next few weeks. "They will only play for England while they are here (in camp)," he said. "It's the best for club, it's the best for country, it's the best for the player.
Persons: Henry Arundell, Bill Sweeney, Jack Willis, Arundell, Willis, couldn’t, England –, Sweeney, Henry, Conor O’Shea, Joe Marchant, Dave Ribbans, it's, O'Shea, Mitch Phillips, Peter Rutherford Organizations: England, Nations, French, Racing, London Irish, RFU, Irish, Wasps, Worcester, Samoa, Chile, Toulouse, Six Nations, Rugby Players, Association, Thomson Locations: MARSEILLE, France, Toulouse, England
A Meta worker told Bloomberg the company is in the "'afraid of Apple' stage." Zuckerberg has pointed out that Apple's headset will be far more expensive than Meta's. "We're in the 'afraid of Apple' stage," one Meta worker told Bloomberg's Mark Gurman. Apple is positioning its Vision Pro as a productivity and entertainment device first and foremost, with gaming as more of an added bonus. The Meta Quest 3, priced at a fraction of Apple's Vision Pro, launches October 10.
Persons: Apple, Mark, Zuckerberg, , Bloomberg's Mark Gurman, Mark Zuckerberg, Gurman, Tim Cook, Apple's, he'd Organizations: Bloomberg, Apple, Service, Meta, Counterpoint Research, New York Times, Pro, Quest
CAPE CANAVERAL, Fla. (AP) — Amazon launched the first test satellites for its planned internet service on Friday as a rival to SpaceX’s broadband network. United Launch Alliance’s Atlas V rocket blasted off with the pair of test satellites, kicking off a program that aims to improve global internet coverage with an eventual 3,236 satellites around Earth. SpaceX flew its first test Starlink satellites in 2018 and the first operational satellites in 2019. Political Cartoons View All 1202 ImagesEurope’s Eutelsat OneWeb also is launching internet satellites, with around 600 in orbit. Amazon originally agreed to put the satellites on the debut launch of ULA’s Vulcan rocket.
Persons: Elon Musk’s, Jeff Bezos, OneWeb, Arianespace Organizations: Amazon, Elon Musk’s SpaceX, Origin, SpaceX, Federal Communications Commission, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: CAPE CANAVERAL, Fla, Florida, California, ULA
Here's a look at some of biggest sales events happening now. This year, other big-name retailers are getting a head start by launching their own holiday sales earlier than ever, according to Katie Roberts, consumer analyst with DealNews.com . You can set up deal alert notifications on Amazon or through your Alexa device so you'll know when the price changes. Prime members can also sign up for invite-only deals on the items that typically sell out fast. But first, you must be an Amazon Prime member.
Persons: Katie Roberts, Andrea Woroch, fryer, Dyson, Barbie Organizations: DealNews.com, Black, Amazon, Sony, Bose, Philips, Finance, July's, Hasbro Locations: iRobot
However, Red Bull Racing’s 2023 competitor, the RB19, has absolutely fried the system and blown past the boundaries of what appeared possible in this sport. Mark Thompson/Getty ImagesNewey has been designing F1 cars since 1988 and has won 12 Constructors’ Championships, split between his time at Williams, McLaren and Red Bull. Red Bull team principal Christian Horner has described Newey as “the only bloke that can see air” in an interview with Red Bull. And Mercedes eventually ceded its position at the summit of F1 to Red Bull in 2022 after being in control for much of the turbo-hybrid era. But it does raise the question: how far can Red Bull go?
Persons: Red Bull, Max Verstappen, we’ve, Lawrence Barretto, It’s, Edd Straw, Sergio Pérez, Ferrari’s Carlos Sainz, Sebastian Vettel’s, Bull, Verstappen, Vettel, Michael Schumacher’s, Mercedes ’, Mark Thompson, Lewis Hamilton, , , ” Verstappen, Hamilton, Adrian Newey, Newey, Red, McLaren, , Christian Horner, Straw, Max, “ We’ve, Michael Schumacher, Mercedes, hasn’t, he’s, Clive Mason, Lewis, Michael, Seb, Roger Federer’s, Bill Belichick, Tom Brady, Clive Rose, Bull won’t, George Russell, ” Horner Organizations: CNN, , CNN Sport, , Suzuka, Singapore, Prix, Verstappen, Monza, Austrian, FIA, Sky Sports, Bulls, Constructors, Williams, Ferrari, Getty, BBC Radio Locations: Miami, Qatar, Austrian, , New England
But first, we're looking at why FTX cofounder and ex-CEO Sam Bankman-Fried's criminal trial has implications that could upend the entire crypto industry. Bankman-Fried, the cofounder and ex-CEO of crypto exchange FTX, was deeply enmeshed in the crypto ecosystem. The proceedings will likely provide more fascinating details about the inner workings of FTX and the broader crypto industry, potentially airing out its dirty laundry and shortcomings. Chelsea Jia FengThe crypto industry, meanwhile, is ready to move on. Some in the crypto industry are embracing a more grown-up approach.
Persons: , Sam Bankman, Donald Trump's, JANE ROSENBERG, Tom Brady, Kevin O'Leary, Michael Lewis, Katie Balevic, Jacob Shamsian, Grace Kay, Mark Cohen, Caroline Ellison, Chelsea Jia Feng, they'll, Spencer Platt, what's, Michael M, Arvind Krishna, Rahul Pandey's, Seth Wenig, AP Trump, scowled, Donald Trump, Tyler Le, Dianne Feinstein's, Kamala Harris, Sen, Chuck Schumer, Marc Anthony, Sofia Reyes, Pluma, Bad, Wells, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan, Annie Smith, Shona Ghosh, Jack Sommers, Spriha Srivastava Organizations: Service, Tech, Chelsea, Financial, Fidelity, PayPal, Visa, Getty, Treasury, Wall, Nvidia, IBM's, Meta, AP, IRS, trailblazing, Grupo Frontera, NBA, Dallas Mavericks, Minnesota Timberwolves, Etihad Arena, The Dallas Mavericks, Etihad, Corporation National Media Locations: crypto's, Plenty, trailblazing California, Abu Dhabi, New York City, San Diego, London, New York
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