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☆ Connor Bedard logs 4 points as Blackhawks top Lightning
▼ + stars: | 2023-11-10 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

Mandatory Credit: Kim Klement Neitzel-USA TODAY Sports Acquire Licensing RightsNovember 10 - Chicago's Connor Bedard authored his first sensational performance after being selected No. 1 overall in June, producing four points as the Blackhawks stormed to a 5-3 win over the host Tampa Bay Lightning on Thursday. He became the youngest player in Blackhawks history to have a multigoal game and at least three points. Anthony Cirelli had a goal and an assist for the Lightning, and Nikita Kucherov and Steven Stamkos also scored. Jonas Johansson stopped 24 of 29 shots as the Lightning lost for the first time in regulation at home (4-1-2).

Persons: Petr Mrazek, Kim Klement Neitzel, Chicago's Connor Bedard, Bedard, Tyler Johnson, Corey Perry, Kevin Korchinski, Nick Foligno, Philipp Kurashev, Anthony Cirelli, Nikita Kucherov, Steven Stamkos, Mikhail Sergachev, Jonas Johansson, Chicago's Bedard, Taylor, Cirelli, Kucherov, Tanner, Korchinski, Darren Raddysh, Johnson, Johansson, Stamkos Organizations: Tampa Bay, Chicago, Amalie Arena, Blackhawks, Tampa Bay Lightning, Lightning, NHL, Tampa Bay's, Tampa, Thomson Locations: Tampa , Florida, USA, Tampa, Kurashev, Tampa Bay, North Vancouver, British Columbia

Casino resort operators have been earning record profits from a steady post-pandemic recovery in Las Vegas tourism. Caesars Entertainment (CZR.O), the second-biggest Las Vegas casino operator by number of employees, said the deal provides "meaningful wage increases" and aligns with plans to bring more union jobs to the Strip. Visits to the city in September were 4% lower than in the same period in 2019, according to data from the Las Vegas Convention and Visitors Authority. The city is gearing up for events including the Formula 1 Las Vegas Grand Prix this month, which is expected to draw thousands of tourists. TALKS WITH MGM, WYNN CONTINUETalks with casino operators MGM Resorts International (MGM.N) and Wynn Resorts (WYNN.O) are yet to yield an agreement ahead of Friday's deadline for a strike.

Persons: Steve Marcus, Ted Pappageorge, we've, Pappageorge, Erik Gordon, Daniel Busby, WYNN, William Hornbuckle, Wynn, Barry Jonas, Jonas, Shivansh Tiwary, Ananta Agarwal, Rod Nickel, Stephen Coates Organizations: Caesars Entertainment Corp, REUTERS, Las Vegas Sun, Caesars Entertainment, Culinary Workers, Bartenders Unions, Culinary Union, Las, housekeepers, Las Vegas Convention, Visitors Authority, Las Vegas, Companies, University of Michigan, Paris Las Vegas, Caesars, MGM, MGM Resorts International, Wynn Resorts, Wynn, Vegas . Caesars, Thomson Locations: Las Vegas , Nevada, Las Vegas, Vegas, United States, Vegas ., Bengaluru, Doyinsola, New York

☆ A $699, screen-free smartphone that projects a green laser onto your hand is about to hit the market: report
▼ + stars: | 2023-11-09 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Its founders believe their screenless AI Pin will usher in an era beyond the typical smartphone. The Verge wrote that the documents showed the AI Pin is essentially a "$699 wearable smartphone without a screen." The AI Pin hopes to trounce the smartphoneHumane's founders, ex-Apple designers Imran Chaudhri and Bethany Bongiorno, envision their AI Pin as the first step toward a world that's moved beyond the typical smartphone and tech addiction. At a TED Talk in April, Chaudhri demonstrated showing the AI Pin a Milky Bar and asking it if he could eat the candy. The Coperni fashion show in Paris during Paris Fashion Week, September 29 2023.

Persons: —, Imran Chaudhri, Bethany Bongiorno, Julia Black, Chaudhri, iNvxbSmYUk, 0GqAiR2reT, Jonas Gustavsson, Naomi Campbell Organizations: Service, Apple, OpenAI's, TED, Paris, The Washington, Getty Locations: Paris

Casino-resort operators have been earning record profits from a steady post-pandemic recovery in tourism to Las Vegas. Visits to the city in August were just 7% lower than in the same period in 2019, according to the Las Vegas Convention and Visitors Authority. The city is also gearing up for major events including the Formula 1 Las Vegas Grand Prix this month, which is expected to draw more than 100,000 tourists. TALKS WITH MGM, WYNN CONTINUETalks with operators MGM Resorts International (MGM.N) and Wynn Resorts (WYNN.O) are yet to yield an agreement ahead of the Nov. 10 deadline for a strike. Caesars shares were up about 3% in early trading, while MGM and Wynn Resorts rose 1.6% and 0.5%, respectively.

Persons: Steve Marcus, Erik Gordon, WYNN, Barry Jonas, Shivansh Tiwary, Ananta Agarwal, Sriraj Kalluvila, Arun Koyyur Organizations: Caesars Entertainment Corp, REUTERS, Las Vegas Sun, Caesars Entertainment, Culinary Workers, Bartenders Unions, Las, housekeepers, Las Vegas Convention, Visitors Authority, Las Vegas, Companies, University of Michigan, MGM, MGM Resorts International, Wynn Resorts, Wynn, Caesars, Thomson Locations: Las Vegas , Nevada, Las Vegas, Vegas, United States, Bengaluru

He also lowered his price target by $6 to $120, implying just 3.9% upside from Tuesday's close. Analyst Shaun Kelley has a $40 price target on shares, implying shares could gain 11.4% from Tuesday's close. Rivian shares jumped more than 7% after the company increased its production forecast for the full year by 2,000 units to 54,000. Datadog shares have produced zero return over the past three years, Murphy noted, with shares down 9% since Oct. 15, 2020. UBS has a neutral rating on Apple and a price target of $190 per share, which implies upside of 4.5%.

Persons: Cowen downgrades Estee, TD Cowen, Estee Lauder, Oliver Chen, Chen, — Hakyung Kim, Shaun Kelley, Kelley, Goldman, Goldman Sachs, Neil Mehta, Mehta, There's, Colin Langan, Langan, Piper Sandler, Alexander Potter, Potter, Rivian, Mark Delaney, Morgan Stanley, Jonas, Mark Murphy, Murphy, David Vogt, Vogt, Fred Imbert Organizations: CNBC, Tech, UBS, JPMorgan, Revenue, Asia, Bank of America, Industry, Mehta ., Wall Street, Rivian, pullbacks, Pro, Pro Max, Apple Locations: China, Asia Pacific, Europe, Middle East, Africa, Tuesday's, U.S

☆ Top auto analyst Jonas lists 4 things Tesla could do to stop its slide
▼ + stars: | 2023-11-07 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Tesla shares won't stop falling unless the electric vehicle maker enacts some serious changes, according to Morgan Stanley. Tesla stock closed Tuesday below the $220 level, meaning it has lost about a quarter of its value since notching July intraday highs above $295. "Tesla investor sentiment is low, but that's not enough by itself to halt the negative momentum." TSLA YTD mountain Tesla stock this year But there are a few things Tesla can do to halt its tumble and reestablish itself as a leader, Jonas said. Executing model expansion on the Cybertruck and other models outside of the S, X, 3 and Y families could help investors' sentiment, he said.

Persons: Tesla, Morgan Stanley, Adam Jonas, Jonas, he's, — CNBC's Michael Bloom

☆ Bosch, SAP and others back Europe's answer to OpenAI with $500 million of fresh funds
▼ + stars: | 2023-11-06 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

GPT-4 sign on website displayed on a laptop screen and OpenAI logo displayed on a phone screen are seen in this illustration photo taken in Poland on March 14, 2023. Aleph Alpha, a German startup taking on Microsoft-backed artificial intelligence firm OpenAI, said Monday it had raised $500 million in a funding round backed by the likes of Bosch, SAP and Hewlett Packard Enterprise. The company, which has built its own large language models, raised the fresh cash in a series B round, the company's second major funding round. It is an unusually large sum of cash for a series B investment round. Aleph Alpha will use the fresh funds to invest in research on foundation models, advanced product capabilities and commercialization of its software, the company said in a statement Monday.

Persons: Alpha, Jonas Andrulis Organizations: Microsoft, Bosch, SAP, Hewlett Packard Enterprise, Schwarz Group, Christ & Company Consulting, Artificial Intelligence, Investments, Aleph, Alpha Locations: Poland

☆ Stocks week ahead: Here’s how America’s economy could begin to weaken
▼ + stars: | 2023-11-05 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

The job market or spending? The spending argument: But there have been instances in which spending weakened before the job market. “I think it starts with the perception of the labor market,” Drew Matus, chief market strategist at MetLife Investment Management, told CNN. The ticket-industry giant said it has sold a record 140 million tickets so far this year, up 17% year-over-year and has already surpassed the 121 million tickets sold in all of 2022. In the third quarter, Ticketmaster sales surged 57% to $833 million and 90 million fee-bearing tickets were sold in the period.

Persons: can’t, ” Shannon Seery, “ It’s, ” Seery, Luke Tilley, ” Tilley, Jerome Powell, ” Drew Matus, ”, Taylor Swift, Parija Kavilanz, Swifties, Taylor, Michael Rapino, Beyoncé, Harry Styles, Bunny, Jonas Brothers, Bruce Springsteen, Lisa Cook, Michael Barr, Jeffrey Schmid, Christopher Waller, John Williams, Lorie Logan, Ralph Lauren, Steve Madden, Phillip Jefferson, Raphael Bostic, Tom Barkin, Christine Lagarde Organizations: CNN Business, Bell, DC CNN, CNN, Employers, Investment Advisors, Companies, National Bureau of Economic Research, CNN Wednesday, Federal, MetLife Investment Management, Ticketmaster, Ryanair, Goodyear, Fed, Reserve Bank of Australia, Uber, Occidental Petroleum, KKR, The Carlyle Group, US Commerce Department, Biogen, Warner Bros, Teva Pharma, The New York Times Company, Armour, SeaWorld, MGM Resorts, China’s National Bureau of Statistics, Sony Group, Astrazeneca, Tapestry, News Corp, US Labor Department, Soho House, National Statistics, European Central Bank, University of Michigan Locations: Washington, Wells, Wilmington, Lyft, Brookfield, Soho

☆ Taylor Swift and Beyoncé concert tours deliver record-breaking earnings for Live Nation
▼ + stars: | 2023-11-03 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +2 min

New York CNN —Live Nation Entertainment has Taylor Swift and Beyoncé to thank for propelling the live concerts organizer to its strongest quarterly results to date. “Today we delivered our strongest quarter ever and are on pace for a record 2023,” Live Nation CEO Michael Rapino said in a statement. The ticket-industry giant said it has sold a record 140 million tickets so far this year, up 17% year-over-year and has already surpassed the 121 million tickets sold in all of 2022. To be sure, live concerts returned with a bang in 2023, with Taylor Swift and Beyoncé becoming the hottest tickets in town. So we’re very confident that both Ticketmaster, Live Nation are going to have big, strong years next year with a pipe full that will overcome this year’s numbers,” Rapino said in a call with analyst on Thursday.

Persons: Taylor Swift, Swifties, Taylor, Michael Rapino, Beyoncé, Harry Styles, Bunny, Jonas Brothers, Bruce Springsteen, “, ” Rapino, Joe Berchtold, ” Organizations: New, New York CNN, Ticketmaster, Wall, Justice Department, DOJ, CNN Locations: New York

☆ Ticketmaster parent Live Nation posts blowout earnings as Taylor Swift, Beyonce dominate
▼ + stars: | 2023-11-02 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

(L) Taylor Swift performs onstage during "Taylor Swift | The Eras Tour " at Paycor Stadium on June 30, 2023 in Cincinnati, Ohio. Ticketmaster parent company Live Nation Entertainment delivered its strong quarter ever, on pace for a record 2023 on the backs of concert darlings Taylor Swift and Beyoncé. Live Nation said per-fan profitability jumped double-digits, outpacing cost inflation. Live Nation expects 55 million fans will have ventured to its venues by the end of 2023, up double-digits from 49 million fans in 2022. While Beyoncé has wrapped up her Renaissance world tour, Swift is set to begin the international leg of her Eras Tour in late November.

Persons: Taylor Swift, Beyoncé, Johan Cruyff, darlings Taylor Swift, Harry Styles, Billy Joel, Stevie Nicks, Bruce Springsteen, Jonas Brothers, Carrie Underwood, Peppers, Reba McEntire, Lizzo, Swift, Pink, Bruno Mars, Foo Fighters, Ed Sheeran Organizations: Johan Cruyff Arena, Ticketmaster, Nation Entertainment, LSEG Revenue, Coldplay, Foo Locations: Cincinnati , Ohio, Amsterdam , Netherlands, Swift, SZA

☆ CNBC Daily Open: The Fed’s bringing cheer to markets
▼ + stars: | 2023-11-02 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Rates unchanged, againThe Federal Reserve kept interest rates unchanged, holding the key federal funds rate in a target range between 5.25% to 5.5%. Markets cheered decisionU.S. markets rallied Wednesday as investors digested — and cheered — the Fed's decision to hold rates steady. Bond reliefThe U.S. Treasury Department will auction next week $112 billion in debt in three parts: $48 billion in 3-year notes, $40 billion in 10-year notes and $24 billion in 30-year bonds.

Persons: Jerome Powell, Powell, —, Aston Martin, Nela Richardson, Steer, Morgan Stanley's Adam Jonas, Here's Organizations: CNBC, Federal Reserve, U.S . Treasury Department, Ford, GM Locations: U.S

☆ Bond fund managers head for third year of losses for first time in decades
▼ + stars: | 2023-10-31 | by ( Harry Robertson | ) www.reuters.com time to read: +4 min

Reuters GraphicsEuropean funds have effectively returned nothing this year after two down years, Morningstar data shows. Government bond funds have fared even worse and are set for three years of losses in both the U.S. and Europe. Bond yields rise as prices fall, and vice versa. Reuters GraphicsBank of America said there were $5.6 billion of inflows to long-dated Treasury funds last week, the largest on record. ICI data shows that U.S. money market funds have ballooned to $5.6 trillion in assets, from $4.6 trillion in October last year.

Persons: Dado Ruvic, Stefano Fiorini, Oliver Blackbourn, Janus Henderson, You've, Jonas Goltermann, Max Kettner, Harry Robertson, Mark Potter Organizations: REUTERS, Reuters Graphics, Morningstar, U.S, Generali Investments Partners, Reserve, Reuters, Treasury, Citi, ICE, Fed, Capital Economics, Investment Company Institute, Reuters Graphics Bank of America, Reuters Graphics Reuters, ICI, HSBC, Thomson Locations: Europe, U.S

☆ NBA roundup: Stephen Curry (42) guides Warriors past Pelicans
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +7 min

Mandatory Credit: Matthew Dobbins-USA TODAY Sports/File Photo Acquire Licensing RightsOctober 31 - Stephen Curry scored 42 points and the visiting Golden State Warriors routed the New Orleans Pelicans 130-102 on Monday night. Curry made 3 of 5 shots from beyond the arc and scored 16 points in the first quarter. Murray shot 17-for-24 from the field and made his first 11 field-goal attempts of the second half. Atlanta's Trae Young added a season-high 24 points with eight assists, De'Andre Hunter scored 16 points and Clint Capela blocked five shots. Minnesota also got 16 points and 10 rebounds from Karl-Anthony Towns, plus 14 points and 13 rebounds from Rudy Gobert.

Persons: Stephen Curry, Herbert Jones, Matthew Dobbins, Chris Paul, State reserve.Trayce Jackson, Davis, Moses Moody, Gary Payton II, CJ McCollum, Zion Williamson, Jordan Hawkins, Matt Ryan, Jonas Valanciunas, Kira Lewis Jr, Curry, Dejounte Murray, Murray, Atlanta's Trae Young, De'Andre Hunter, Clint Capela, Anthony Edwards, Karl, Anthony Towns, Rudy Gobert, D'Angelo Russell, Angeles, Anthony Davis, LeBron James, Gary Harris, Franz Wagner, Jalen Suggs, Wagner, Suggs, Luka Doncic, Doncic, Derrick Jones Jr, Tim Hardaway Jr, Jaren Jackson Jr, Desmond Bane, Marcus Smart, Nikola Vucevic, Zach LaVine, Myles Turner, Tyrese, Jaylen Brown, Jayson Tatum, Kristaps Porzingis, Kyle Kuzma, Cam Thomas, Thomas, Mikal Bridges, Lonnie Walker IV, Dorian Finney, Smith, Terry Rozier, Brandon Miller, Jerami Grant, Malcolm Brogdon, Deandre Ayton, Scottie Barnes, Brogdon, Grant, Giannis Antetokounmpo, Damian Lillard, Bobby Portis, Cameron Payne, Tyler Herro, Jimmy Butler, Shai Gilgeous, Alexander, Josh Giddey, Jaden Ivey, Nikola Jokic, Jokic, Aaron Gordon, Lauri Markkanen, Walker Kessler Organizations: Golden State Warriors, New Orleans Pelicans, Smoothie King Center, USA, State, Warriors, Pelicans, Timberwolves, Atlanta, Minnesota, Hawks, Lakers, Orlando, Sacramento, Mavericks, Grizzlies, Dallas, Memphis, Bulls, Pacers, Chicago, Indiana, Celtics, Washington, Wizards, Boston, Nets, Charlotte, Brooklyn, Hornets, Trail Blazers, Raptors, Portland, Toronto, Bucks, Milwaukee, Miami's, Heat, Pistons, Oklahoma City, Denver Nuggets, Thunder, Nuggets, Jazz, Denver, Utah, Thomson Locations: New Orleans , Louisiana, USA, Smoothie, Memphis, Indianapolis, Boston, Brooklyn, Miami, Wisconsin, Minnesota, Detroit, Utah

☆ Steph Curry pours in 42 as Warriors roll over Pelicans
▼ + stars: | 2023-10-31 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/14] Oct 30, 2023; New Orleans, Louisiana, USA; Golden State Warriors forward Draymond Green (23) reacts to a foul call in the first quarter at Smoothie King Center. Mandatory Credit: Matthew Dobbins-USA TODAY Sports Acquire Licensing RightsOctober 31 - Steph Curry scored 42 points and the visiting Golden State Warriors routed the New Orleans Pelicans 130-102 on Monday night. The Warriors played without Klay Thompson (knee soreness) and Jonathan Kuminga (knee contusion) and the Pelicans played without Brandon Ingram (knee soreness). Curry made two 3-pointers and Andrew Wiggins made one as Golden State began the third quarter with a 13-4 run that produced an 11-point lead. The Warriors led by eight on three more occasions before consecutive 3-pointers by McCollum and Hawkins helped the Pelicans get within 59-57 at halftime.

Persons: Matthew Dobbins, Steph Curry, Chris Paul, Trayce Jackson, Davis, Moses Moody, Gary Payton II, CJ McCollum, Zion Williamson, Jordan Hawkins, Matt Ryan, Jonas Valanciunas, Kira Lewis Jr, Klay Thompson, Jonathan Kuminga, Brandon Ingram, Curry, Andrew Wiggins, Moody, Lewis, Paul, Williamson, Ryan, Looney, McCollum, Hawkins Organizations: Golden State Warriors, Smoothie King Center, USA, New Orleans Pelicans, Warriors, Pelicans, The Warriors, Golden State, Houston, State, Thomson Locations: New Orleans , Louisiana, USA, Smoothie, Moody . New Orleans, Golden, New Orleans

☆ Morgan Stanley auto analyst Jonas says investors are ‘waking up’ to idea that Ford, GM are not a way to play EV boom
▼ + stars: | 2023-10-31 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

For years, investors have poured money into legacy automakers as a cheaper derivative play to Tesla and other high-flying electric vehicle stocks. But that may be the wrong strategy for those looking to participate in the highly anticipated EV boom, according to Morgan Stanley's Adam Jonas. "What investors seem to be waking up to today is the idea that the tens of billions of $ invested in EVs may be value destructive rather than value accretive." Month to date, GM has dropped about 15%, while Ford lost 21%. This, coupled with rising interest rates that threaten demand and average transaction prices, is enough to keep investors on edge, Jonas said.

Persons: Morgan Stanley's Adam Jonas, Ford, Jonas, Michael Bloom Organizations: Ford, General Motors, GM

☆ Prabal Gurung and Jessel Taank Kick Off New York’s Diwali Season
▼ + stars: | 2023-10-30 | by ( Sapna Maheshwari | More About Sapna Maheshwari | ) www.nytimes.com time to read: +1 min

The party, which drew about 300 people, is in its fourth year. The hosts included Indra Nooyi, the former chief executive of PepsiCo; Anjula Acharia, an entrepreneur who also manages Priyanka Chopra-Jonas; and the designer Prabal Gurung. People shared how they celebrated the Hindu festival of lights growing up. The holiday, which falls this year on Nov. 12, will be observed by New York City schools for the first time in 2024. (On Friday, a separate, similarly glamorous event will be held at the Mandarin Oriental in Manhattan, chaired by Preet Bharara, Kal Penn and Radhika Jones of Vanity Fair.)

Persons: bedazzled, Indra Nooyi, Anjula, Priyanka Chopra, Jonas, Prabal Gurung, Nooyi, ”, Sarita Choudhury, Kamala Harris, Preet Bharara, Kal Penn, Radhika Jones Organizations: PepsiCo, White House, American, New York Locations: New York, New, New York City, Manhattan

Khan’s office has opened an investigation into potential war crimes by Israel in Gaza in the 2014 war. THE NUMBER OF CHILDREN KILLED IN THE CONFLICT SOARSThe number of children killed in the blockaded Gaza Strip since the start of the Hamas-Israel earlier this month has exceeded the number of children killed in armed conflict every year globally since 2019, international charity Save the Children said Sunday. It also mentioned the deaths of 33 children in the occupied West Bank and 29 children killed in Israel. The militant group Hezbollah, Hamas’ allies in Lebanon, has clashed with Israeli troops along the Lebanon-Israeli border since the Gaza war erupted on Oct. 7. PALESTINIAN RED CRESCENT SAYS ISRAEL ORDERS GAZA HOSPITAL TO EVACUATEJERUSALEM — A spokesperson for the Palestinian Red Crescent says Al-Quds Hospital in Gaza City received two calls from Israeli authorities Sunday morning demanding it evacuate.

Persons: Benjamin Netanyahu, “ ‘, ”, Israel, Karim Khan, Khan, “, Jason Lee, ” U.N, António Guterres, Guterres, Hamas ’, ” Guterres, Rishi Sunak’s, Emmanuel Macron, Macron, VATICAN CITY — Pope Francis, “ Let’s, ” Francis, Ibrahim Faltas, Jonas Gahr Støre, U.N, Israel’s, ” Tedros Adhanom, Tarik Jasarevic, Nebal Farsakh, ” Thomas White, ” Mahmoud, Abdallah Sayed Organizations: Saturday, Health Ministry, Hamas, West Bank, ICC, Criminal, Gaza, Gaza Health Ministry, Country, MINISTER, LONDON, UN, UNIFIL, VATICAN CITY, ISRAEL HELSINKI — Norway’s, NRK, “, United Nations, MINISTRY, FIRE, WHO, World Health Organization, JERUSALEM, Palestinian, Pentagon, UNITED NATIONS, . Security Council, United Arab Emirates Locations: Gaza, Israel, EGYPT, GAZA, Rafah, Egypt, Cairo, Kathmandu, ISRAEL, ”, LEBANON BEIRUT, Lebanon, Houla, Naqoura, Ukraine, Palestine, St, NORWAY'S, Norwegian, Norway, “, UN, FIRE KATHMANDU, Nepal, GAZA CAIRO, PALESTINIAN, Al, Quds, Gaza City, SYRIA DAMASCUS, Syria, Iranian, Iraq, U.S, Assad, GAZA'S, CAIRO, Gaza’s

Such forecasts have prompted a sell-off in a wide range of companies from makers of bariatric surgery devices to companies whose products address the health issues created by excess weight, from diabetes to sleep apnea. "The market is in a shoot-first, ask-questions-later mood when it comes to weight-loss drugs," said Nicholas Anderson, manager of the Thornburg International Growth Fund, which holds shares of Novo Nordisk. By contrast, the iShares U.S. Medical Devices exchange-traded fund has lost more than 22% in the last three months. Injectable weight-loss drugs, known as GLP-1 receptor agonists, are considered highly effective but are also expensive, costing more than $1,300 per month. "Overall, we'll see an increased interest in bariatric surgery, but that will get delayed in the short term."

Persons: Doctor Thomas Horbach, Wegovy, Nicholas Anderson, Eli Lilly, Kenneth Stein, Margaret Kaczor Andrew, William Blair, Michael Farrell, Jeff Jonas, Johnson, Myriam Curet, Ann Hynes, Hynes, David Gaffen, Manas, Michael Erman, Caroline Humer, Sonali Paul Organizations: Novo Nordisk, Healthcare, Growth Fund, Medical Devices, Boston, Gabelli Funds, Johnson, Reuters, Mizuho Securities, Manas Mishra, Thomson Locations: Germany, Munich, Danish, U.S, Boston, GLP, New York, Bengaluru

☆ Big central banks hit pause, with rate cuts far off
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +5 min

On Oct. 23, Fed Chair Jay Powell said a strong economy and tight jobs market could warrant more rate rises. Interest rate futures show traders believe the BoE will not cut rates, now at their highest since 2008, until at least June 2024. "The Governing Council’s past interest rate increases continue to be transmitted forcefully into financing conditions," the ECB said, adding it would follow a "data-dependent" approach and future decisions would be based on incoming data. Prime Minister Jonas Gahr Stoere told parliament last week interest rates may have peaked. Reuters Graphics Reuters Graphics8) AUSTRALIAThe Reserve Bank of Australia held rates steady at 4.1% for a fourth meeting in October.

Persons: Jonathan Ernst, Jay Powell, BoE, Jonas Gahr Stoere, Michele Bullock, Naomi Rovnick, Harry Robertson, Alun John, Yoruk Bahceli, Samuel Indyk, Chiara Elisei, Kripa Jayaram, Pasit, Riddhima, Sumanta Sen, Vineet, Amanda Cooper, Giles Elgood Organizations: . Federal, REUTERS, European Central Bank, Federal Reserve, Bank of England, UNITED, Reuters, Reserve Bank of New Zealand, BRITAIN, Bank of Canada, BoC, ECB, Norges Bank, Reuters Graphics Reuters, Reserve Bank of Australia, Bank of Japan, Thomson Locations: Washington, Japan, hawkish, dovish, NORWAY, SWEDEN Sweden, SWITZERLAND, Swiss, Gaza, JAPAN

☆ Pelicans get offense going in win over Grizzlies
▼ + stars: | 2023-10-26 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/85] Oct 25, 2023; Memphis, Tennessee, USA; New Orleans Pelicans guard CJ McCollum (3) shoots warm ups prior to the game against the Memphis Grizzlies at FedExForum. Desmond Bane scored a game-high 31 points to lead the Grizzlies, who played without Ja Morant as he began a 25-game suspension. New Orleans took control by outscoring the Grizzlies 32-19 in the second quarter to grab a 10-point halftime lead. Smart's basket ended the run and Ziaire Williams added a basket before the Pelicans expanded the lead to 52-37. Memphis scored 10 straight points before New Orleans scored the final five points of the second quarter to take 57-47 halftime lead.

Persons: CJ McCollum, Petre Thomas, McCollum, Zion Williamson, Brandon Ingram, Herbert Jones, Jonas Valanciunas, Desmond Bane, Ja Morant, Celtic Marcus Smart, Xavier Tillman, Ingram, Jake LaRavia, David Roddy's, Matt Ryan, Ziaire Williams Organizations: New Orleans Pelicans, Memphis Grizzlies, FedExForum, New Orleans, Pelicans, Grizzlies, Celtic, Memphis, New, The Grizzlies, Thomson Locations: Memphis , Tennessee, USA, New Orleans, Memphis

☆ These Nasdaq stocks are already in a bear market, including Tesla and Airbnb
▼ + stars: | 2023-10-26 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

CNBC Pro recently screened for a list of these stocks, shown here: The list of names includes Tesla, which is down 29% from its 52-week high in July. Even Morgan Stanley's Adam Jonas, who has an outlier overweight position on the stock, trimmed his price target to $380 from $400. Another name on the list was Enphase Energy , which is down 72.2% from its 52-week high on Dec. 5. Dollar Tree is off 36% from its 52-week high in November 2022. The accompanying price target of $137 corresponds to a potential 26.5% upside from Wednesday's close.

Persons: Morgan Stanley's Adam Jonas, Bernstein's Toni Sacconaghi, Tesla, Justin Patterson, SolarEdge, Enphase, Goldman Sachs, Michael Bloom Organizations: Nasdaq, it's, CNBC Pro, Wall, KeyBanc Capital, Enphase Energy, Daiwa

☆ Double Alps portion on men's Tour menu, women to finish at L'Alpe d'Huez
▼ + stars: | 2023-10-25 | by ( Julien Pretot | ) www.reuters.com time to read: +3 min

It will be the first time since 1989 that the last stage of the race will be actually competed. "The last three four days will be very tough because we will be in the mountains," Tour director Christian Prudhomme told Reuters. "We were committed to avoid Paris because of the Olympics," Prudhomme told Reuters. "We went to the Tourmalet last year, we wanted to go to iconic places and L'Alpe d'Huez is part of cycling's history," women's Tour director Marion Rousse told reporters. "It's the toughest stage in Tour de France Femmes history with 4,000m of altitude gain.

Persons: Christian Prudhomme, Marion Rousse, Stephanie Lecocq, L'Alpe d'Huez, Florence, Marco Pantani's, la, Greg Lemond, pip France's Laurent Fignon, Jonas Vingegaard, Prudhomme, L'Alpe, du Glandon, Julien Pretot, Christian Radnedge Organizations: France, Femmes, Rights, Summer, Monaco, Reuters, de, Thomson Locations: Paris, France, Marion, Nice, Italy, Rimini, Massif, Netherlands, Belgium

☆ NHL roundup: Knights extend franchise-record perfect start
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +10 min

Paul Cotter and Ivan Barbashev also scored goals, Jack Eichel had two assists and Logan Thompson finished with 26 saves for the Golden Knights. Pheonix Copley made 24 saves in his second start as the Kings won for the third time in four games. Ryan Johansen scored twice, Rantanen had a goal and three assists and Cale Makar added a goal and two assists. Zemgus Girgensons added a goal for Buffalo, and Ukko-Pekka Luukkonen made 34 saves in his first start of the season. Blake Coleman scored for the Flames, who have lost three straight games.

Persons: Shea Theodore, Brayden McNabb, Stephen R, Paul Cotter, Ivan Barbashev, Jack Eichel, Logan Thompson, Noah Cates, Cam Atkinson, Carter Hart, Jeremy Swayman, Pavel Zacha, Matthew Poitras, Trent Frederic, Petr Mrazek, Kopitar, Trevor Lewis, Trevor Moore, Blake Lizotte, Kevin Fiala, Adrian Kempe, Pheonix Copley, Jack McBain, Nick Bjugstad, Clayton Keller, Phillip Di Giuseppe, Nils Hoglander, Thatcher Demko, Ilya Mikheyev, Colton Sissons, Kiefer Sherwood, Jordan Eberle, Eberle, Jared McCann, Jaden Schwartz, Tye Kartye, McCann, Dylan Larkin, Joe Veleno, Shayne Gostisbehere, Alex DeBrincat, Nathan Mackinnon, Bowen Byram, Mikko Rantanen, Ryan Johansen, Rantanen, Cale Makar, Ross Colton, Alexandar Georgiev, Cal Clutterbuck, Simon Holmstrom, Kyle Palmieri, Anders Lee, Noah Dobson, Jean, Gabriel Pageau, Ilya Sorokin, Anthony Stolarz, Carter Verhaeghe, Sam Reinhart, Kevin Stenlund, Fabian Zetterlund, Mackenzie, Jonas Johansson, Johansson, Alex Barre, Boulet, Nick Paul, Nikita Kucherov, Tage Thompson, Jeff Skinner, Alex Tuch, Casey Mittelstadt, Zemgus Girgensons, Pekka Luukkonen, Mathieu Joseph, Vladimir Tarasenko, Ottawa's Jakob Chychrun, Josh Norris, Anton Forsberg, Joonas Korpisalo, Ryan Hartman, Mats Zuccarello, Joel Eriksson Ek, Jake Middleton, Kirill Kaprizov, Filip Gustavsson, Warren Foegele, Evan Bouchard, Evander Kane, Jack Campbell, Connor McDavid, Morgan Rielly, Auston Matthews, John Tavares, William Nylander, Joseph Woll, Alex Ovechkin, Darcy Kuemper, Frank Vatrano, Anaheim's Ryan Strome, Brett Leason, Lukas Dostal, Adam Fantilli, Emil Bemstrom's, Jack Roslovic, Fantilli, Dostal, Jack Hughes, Tyler Toffoli's, Hughes, Jose's Patrick Marleau, Joe Thornton, Edmonton's Connor McDavid, Justin Barron, Mike Matheson, Cayden Primeau, Connor Hellebuyck, Louis, Kyle Connor, Mason Appleton, David Gustafsson, Morgan Barron, Pavel Buchnevich, Robert Thomas, Jordan Binnington, Erik Gustafsson, Igor Shesterkin, Alexis Lafreniere, Chris Kreider, Filip Chytil, Shesterkin, Blake Coleman, Jacob Markstrom, Jason Robertson, Thomas Harley, Evgenii Dadonov, Wyatt Johnston, Jake Oettinger, Bryan Rust, Alex Nedeljkovic Organizations: Vegas Golden Knights, Philadelphia Flyers, Mobile, NHL, Stanley, Golden Knights, Philadelphia, Bruins, Blackhawks, Chicago, Coyotes, Los Angeles, Los, Kings, Canucks, Predators, Vancouver, Nashville, Red Wings, Seattle, Detroit, Wings, Avalanche, Islanders, New, Cal, Panthers, Sharks, Hurricanes, Tampa Bay, Senators, Buffalo, Ottawa, Sabres, Oilers, Edmonton, Maple Leafs, Capitals, Toronto, Washington, Ducks, Blue Jackets, Columbus, Nationwide, . Blue Jackets, Canadiens, New Jersey, Montreal, New Jersey's, Jets, Blues, Winnipeg, St, Rangers, Flames, Penguins, Thomson Locations: Las Vegas , Nevada, USA, Las Vegas, Vegas, Boston, Arizona, Los Angeles, Colorado, New York, Florida, San Jose, Sunrise, Fla, Mackenzie Blackwood, Carolina, Minnesota, Anaheim, New, Calgary, Dallas, Pittsburgh

☆ Swim coach Verhaeren dips toe into cycling world with Jumbo-Visma
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

Oct 25 (Reuters) - Dominant Dutch cycling team Jumbo-Visma aim to stay at the front of the peloton next season with the help of an unlikely addition to their coaching set-up -- swimming guru Jacco Verhaeren. "Over the past few years, I have often exchanged ideas with Jacco", Jumbo-Visma sporting director Merijn Zeeman said in a statement announcing the unusual collaboration. "After our best season, we have to keep looking for improvements and new insights. Together with (head of performance) Mathieu Heijboer, I have come to the conclusion that Jacco can provide us with these new ideas and different insights from another sport. "What Jumbo-Visma does with my advice is up to them."

Persons: Jacco, Primoz Roglic, Jonas Vingegaard, Sepp Kuss, Pieter van den Hoogenband, Inge de Bruijn, Merijn Zeeman, Mathieu Heijboer, Verhaeren, Martyn Herman, Christian Radnedge Organizations: France, Paris Olympics, Thomson Locations: Espana

About five teams around Europe including Ineos Grenadiers are involved in the early-stage talks and more could join, the people said. Tour de France champion Jonas Vingegaard’s Jumbo-Visma team is also involved in the talks, one of them said. Amaury Sports Organisation (ASO) controls the Tour de France and La Vuelta while the Giro d'Italia is controlled by RCS Sports. This is not the first time cycling teams have explored a new cycling league project. Eight teams founded a league project called World Series Cycling (WSC) at the end of 2012 but the plans failed to materialise.

Persons: Jonas Vingegaard’s Jumbo, Spokespeople, EY, Amy, Jo Crowley, Anousha Sakoui, Julien Pretot, Andres Gonzalez, Elisa Martinuzzi, Hugh Lawson Organizations: Reuters, Ineos Grenadiers, de France, Partners, Formula, Tour de France, La Vuelta, Amaury Sports Organisation, La, RCS Sports, Thomson Locations: Europe

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