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☆ Buy this newly public chipmaker that can rally more than 20%, KeyBanc says
▼ + stars: | 2023-10-18 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Investors should pick up shares of Arm as the world becomes increasingly reliant on the company's intellectual property over time, according to KeyBanc. "This will only increase the industry's reliance on Arm IP, ultimately resulting in royalty rate expansion and market share gains." Vinh expects Arm to gain market share in the data center, networking and automotive sectors to support outsized growth. Arm's market share gains will be greatest within cloud infrastructure, where it's expected to increase from 10% in 2022 to 28% by 2025, according to KeyBanc. Within the auto sector, Arm is expected to have 78% of market share by 2031.

Persons: KeyBanc, IoT, John Vinh, Vinh, Michael Bloom Organizations: ARM, Arm Holdings

☆ Egyptian sources say ceasefire agreed to allow Rafah re-opening, Netanyahu denies
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +3 min

"There is currently no truce and humanitarian aid in Gaza in exchange for getting foreigners out," a statement from his office said. Rafah, which is on the border between Egypt's Sinai Peninsula and Hamas-governed Gaza, is the only crossing into the territory not controlled by Israel. The Egyptian sources said the ceasefire would last for several hours but they were not clear on the exact duration. They also said the three countries had agreed that Rafah would be open until 1400 GMT on Monday as a one-day initial re-opening. A security source and NGO source in Al-Arish said that aid trucks were still waiting there after the re-opening at 0600 GMT.

Persons: Benjamin Netanyahu, Arish, Blinken, Salama Marouf, Ahmed Mohamed Hassan, Dan Williams, Yusri Mohamed, Aidan Lewis, Nadine Awadallah, Tala Ramadan, Nafisa, Jacqueline Wong, Toby Chopra Organizations: Hamas, U.S, Thomson Locations: Rafah, Gaza, Israel, Palestinian, Al, Arish, Sinai, Egypt, CAIRO, Hamas, al, Cairo, U.S, Jerusalem, Ismailia

Hamas fighters burst across the Gaza barrier fence into Israel in a stunning assault on Oct. 7, killing 1,300 and abducting dozens more, including Americans. In a Reuters/Ipsos poll conducted during the 2014 conflict, 22% of respondents said the U.S. should support Israel's position, and 2% wanted support for Palestinian's position. Support for Israel's position in the new poll was strongest among Republicans, with 54% of the party backing Israel's position compared to 37% of Democrats. Some 69% of poll respondents said they were following news about the fighting "very closely" or "somewhat closely." The Reuters poll showed Americans have little faith in the ability of either Biden or Trump to solve the crisis.

Persons: Khan Younis, Mohammed Salem, shouldn't, Antony Blinken, Israel, Joe Biden, Biden, Donald Trump, Benjamin Netanyahu, Trump, Jason Lange, Matt Spetalnick, Scott Malone, Diane Craft Organizations: REUTERS, Rights, Hamas, Israel, Reuters, ISRAEL, Republican, Thomson Locations: Gaza, Israel, U.S, Washington's, East, Washington, Rafah, Egypt, Gaza City

An Israeli Armoured Personnel Carrier (APC) is obscured as it whips up dust near Israel's border with the Gaza Strip, in southern Israel October 15, 2023. Gaza authorities say more than 2,200 people have been killed there, a quarter of them children. Iran has spoken of "far reaching consequences" if Israel's "war crimes and genocide" are not stopped. The message came late on Saturday after Axios reported that Tehran had told Israel - in a message sent via the U.N. - that it would have to respond if Israel carries out its expected ground offensive. He also said he wanted to make sure the civilian population that remained in Gaza had access to food, water and safe shelter, telling CNN that Israeli officials recently restored access to water in parts of Gaza.

Persons: Ronen, Axios, Jake Sullivan, John Kirby, Sullivan, Joe Biden, Biden, Lindsey Graham, Abdel Fattah El, State Anthony Blinken, Nandita Bose, Katharine Jackson, Christopher Bing, Raphael Satter, Lisa Shumaker, Heather Timmons, Bill Berkrot Organizations: Carrier, REUTERS, Rights, U.S, White House, CBS, White House National Security, Fox News, White, Republican, State, Department, NBC, CNN, Thomson Locations: Gaza, Israel, Lebanese, Iran, Tehran, Ukraine, Saudi Arabia, U.S, Washington

☆ Apple's new screen-distance feature taught me I was holding my iPhone wrong
▼ + stars: | 2023-10-15 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +5 min

Apple has introduced a new "screen distance" feature in its iOS 17 to promote healthier screen use. The feature tells users when they're holding their device too close to their face. So when Apple announced a new "screen distance" feature for iPhones last month, I was immediately intrigued. It's supposed to help combat eye strain and promote healthier viewing habits, alerting you when you're holding your device too close to your face. Click on "Screen Distance" and turn the feature on.

Persons: —, It's, you've, Kylie Kirschner, I've, I'm, Nicholas Despotidis, Despotidis Organizations: Apple, Service, Mayo Clinic, American Academy of Ophthalmology, American Academy of Optometry, American Academy of Orthokeratology Locations: Asia

☆ US advises its citizens in Gaza to move closer to Egypt's Rafah crossing
▼ + stars: | 2023-10-14 | by ( Humeyra Pamuk | Thomson Reuters | Humeyra Pamuk Is A Senior Foreign Policy Correspondent Based In Washington Dc. She Covers The U.S. State Department | ) www.reuters.com time to read: +4 min

Washington has been working with Egypt, Israel and Qatar to open the Rafah crossing on Saturday afternoon to allow Palestinian-Americans to leave, a senior State Department official said earlier. "We have informed U.S. citizens in Gaza with whom we are in contact that if they assess it to be safe, they may wish to move closer to the Rafah border crossing," a U.S. State Department spokesperson said. "There may be very little notice if the crossing opens and it may only open for a limited time." [1/6]Palestinians with dual citizenship gather outside Rafah border crossing with Egypt in the hope of getting permission to leave Gaza, amid the ongoing Israeli-Palestinian conflict, in Rafah in the southern Gaza Strip October 14, 2023. "And we're working together to do exactly that, in particular working on establishing safe areas in Gaza, working on establishing corridors so that humanitarian assistance can reach people who need it.

Persons: Antony Blinken, Blinken, Prince Faisal Bin Farhan, Abu Mustafa, Wang Yi, Matthew Miller, Sheikh Mohammed bin Zayed Al Nahyan, Saudi Crown Prince Mohammed bin Salman, Humeyra Pamuk, Matt Spetalnick, James Mackenzie, Helen Popper, Sharon Singleton, Mark Potter, Daniel Wallis Organizations: U.S, Saturday, State Department, Hamas, U.S . State Department, Palestinian, Saudi Foreign, REUTERS, United Arab, Saudi Crown, Thomson Locations: ABU DHABI, Gaza, Rafah, Egypt, Israel, Washington, Qatar, Palestinian, Antony Blinken . Washington, U.S, Riyadh, American, Beijing, it's, Saudi, United Arab Emirates

BOISE, Idaho (AP) — An Idaho law restricting which bathrooms transgender students can use in schools will go into effect while a court challenge plays out. It prohibits transgender students from using public school restrooms and locker rooms that align with their gender identity. It also allows other students to sue their school if they encounter a student using a bathroom that doesn’t align with their sex assigned at birth. About a quarter of Idaho schools allow transgender students to use restrooms and locker rooms that align with their gender identity, Nye said in a previous decision. The group also pushed a new Idaho law criminalizing gender-affirming health care for minors.

Persons: David Nye, Nye, ” Nye, “, ”, Thursday's, Peter Renn, Debbie Critchfield, Raúl, Republican Sen, Ben Adams Organizations: Chief U.S, District, The Idaho Statesman, Lambda, Lambda Legal, Idaho State, of Education, Boise School District’s, “, Republican, Policy, GOP, U.S, Circuit, Appeals Locations: BOISE, Idaho, An Idaho, Raúl Labrador, Labrador, Nampa

REUTERS/Jonathan Ernst Acquire Licensing RightsWASHINGTON, Oct 12 (Reuters) - Despite Israeli bombardment that has brought Gaza to the brink of a humanitarian meltdown, U.S. President Joe Biden is facing little pressure at home to rein in Israel's military retaliation for an unprecedented attack by Palestinian Hamas militants. Republicans have shown near-unanimity in backing whatever military action Israel decides to take after suffering the deadliest attack on its soil in decades. Though polls continue to show overwhelming sympathy for Israel among the overall U.S. public, a Gallup survey in March found that Democrats were slightly more favorable toward the Palestinians than Israel. Biden, an avowed lifelong friend of Israel, has pledged to provide Israel with all the assistance it needs. A White House official said Biden's aides have privately discussed their concerns with Israeli counterparts.

Persons: Joe Biden, Benjamin Netanyahu, Jonathan Ernst, Biden, Israel, excoriate, Gregory Meeks, Rashida Tlaib, Karine Jean, Pierre, ”, Antony Blinken, Netanyahu, Washington’s, Khaled Elgindy, Jeremy Ben, Ami, Matt Spetalnick, Patricia Zengerle, Jeff Mason, Simon Lewis, Steve Holland, Gerry Doyle Organizations: Israeli, White, REUTERS, Rights, Israel, Democratic Party, Republicans, Democratic, House Foreign Relations, American, White House Press, Gallup, Biden, AIPAC, Middle East Institute, Reuters, Thomson Locations: Israel, Washington , U.S, Gaza, Palestinian, U.S, New York, Washington, Washington . U.S, Saudi Arabia

☆ Israeli Troops Massed on Border, Poised to Storm Gaza
▼ + stars: | 2023-10-12 | by ( Lauren Camera | ) www.usnews.com time to read: +7 min

Israeli forces prepared to storm into Gaza on Thursday, staging tanks and troops along the border ahead of what’s expected to be a brutal and bloody boots-on-the-ground operation that Prime Minister Benjamin Netanyahu has been promising for days. The death toll in Gaza stands at roughly 1,400 people, including many Palestinians who are not aligned with Hamas. The Israeli defense minister pledged to wipe Hamas "off the face of the earth." Israeli forces can also expect rockets, anti-armor attacks and even the use of human shields when they enter Gaza. The Israeli government would need to decide whether to potentially leave a weakened Hamas behind in Gaza or to overthrow its de facto administration.

Persons: Benjamin Netanyahu, ” Netanyahu, Israel –, It’s, Netanyahu, Benny Gantz, ”, Bill Roggio, Joe Biden, Bibi, ” Biden, “, State Anthony Blinken, Blinken, ” Blinken, Biden, Lloyd Austin, Austin, Israel Organizations: Unity, Foundation for Defense of Democracies, ”, State, State Department, Israel, Center for Strategic, International Studies Locations: Gaza, Israel, “, Detroit, Tel Aviv, Blinken, Iran, Lebanon, American, “ Israel

The indicative price range was set at 1,830-1,840 yen per share, KKR-backed Kokusai said in a regulatory filing on Tuesday, compared with 1,890 yen previously. Kokusai said the lower range reflected the view of institutional investors and the state of the stock market. If its IPO prices at the top of the range, Kokusai, which manufactures machines that deposit thin films on silicon wafers, will offer 108.3 billion yen ($729 million) worth of shares and have a market valuation of 423.9 billion yen, excluding an overallotment. Capital Research and Management and Lazard Asset Management have committed to purchase shares at the offer price, Kokusai said in a separate filing. Kokusai's largest customers are Samsung Electronics (005930.KS), TSMC (2330.TW) and Micron Technology (MU.O), collectively accounting for more than 40% of its revenue.

Persons: Kokusai, SoftBank Group's, Sam Nussey, Makiko Yamazaki, Miho Uranaka, Kaori Kaneko, Christian Schmollinger, Sonali Paul, Edmund Klamann Organizations: Kokusai, KKR, Capital Research, Management, Lazard Asset Management, Samsung Electronics, Micron Technology, Investors, Micron, Thomson Locations: TOKYO

The surprise Hamas attack has dealt a blow to U.S. efforts to broker a landmark normalization deal between Israel and Saudi Arabia and complicated Washington's approach toward Iran, Hamas' longtime benefactor. “Quite simply, all efforts at normalization are on hold for the foreseeable future,” said Jon Alterman, head of the Middle East program at the Center for Strategic and International Studies, contradicting the official U.S. government line. Khaled Elgindy, a former Palestinian negotiations adviser, accused the Biden administration of leading an Israeli-Saudi normalization process that mostly bypassed the Palestinians and their hopes of ending Israeli occupation. “That sort of neglect is part of why we're seeing what we're seeing,” said Elgindy, now at the Middle East Institute. The immediate challenge is preventing the war from spiraling into a broader conflict, administration officials say, especially preventing the Iran-backed Lebanese group Hezbollah from opening a second front on Israel's northern border.

Persons: Joe Biden, Elizabeth Frantz, Biden, Benjamin Netanyahu, Antony Blinken, Israel, ”, Jon Alterman, John Kirby, “, ” Jonathan Panikoff, government’s, Khaled Elgindy, Elgindy, Panikoff, –, Netanyahu, Jake Sullivan, Biden’s, Prince Faisal bin Farhan, Matt Spetalnick, Humeyra Pamuk, Simon Lewis, David Brunnstrom, Steve Holland, Alexander Cornwell, Parisa, Aziz El Yaakoubi, Heather Timmons, Howard Goller Organizations: Hamas, White, REUTERS, Rights, U.S, Center for Strategic, International, White House National Security Council, Middle East Institute, Saudi, The Atlantic, Hezbollah, West Bank, Reuters, Atlantic Council, Thomson Locations: Israel, Washington , U.S, Saudi, Gaza, Ukraine, U.S, Saudi Arabia, Iran, Hamas, Tehran, Israeli, Riyadh, Washington, Lebanese, IRAN, Dubai

☆ Utah accuses TikTok of misleading users about safety, China connection in new lawsuit
▼ + stars: | 2023-10-10 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

Utah is the latest state to file suit against TikTok, alleging the social media site misled its citizens about its relationship to its Chinese parent company and deceptively touted its platform as safe. TikTok has already faced similar lawsuits from Arkansas and Indiana, while Montana has chosen to ban the app altogether, a move that TikTok and creators have challenged. "Social media companies must be held responsible for the harms they are causing," Cox said in a statement. The other elements of the suit touch on concerns that many people have about social media platforms in general, not just TikTok. Utah has been particularly active in seeking to protect its citizens from what it sees as the harmful effects of social media.

Persons: Spencer Cox, Joe Biden, George E, TikTok, Cox, Sean Reyes Organizations: Utah Gov, U.S, Wahlen Department of Veterans Affairs Medical, TikTok, . Utah Gov, Social, CNBC, YouTube Locations: Utah, Salt Lake City , Utah, Arkansas, Indiana, Montana, Washington, China, harm's

☆ Nine-year-old sets parkrun age world record
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +1 min

LONDON, Oct 10 (Reuters) - Nine-year-old Louis Robinett set a 5km parkrun world record for his age in Dorset, England on Saturday, finishing in 17 minutes, 40 seconds to better the previous mark set in California six years ago by 13 seconds. "I'm on top of the world right now, It's a huge deal to break a world record," Robinett told the BBC. "I couldn't have done it without the support of my family and the team at Poole Runners." Poole Runners said Robinett's record had raised the bar for youth athletes. "This isn't just a win for Louis, it's a new benchmark for youth sports, inspiring children all over the world to aim higher," the club said in a statement.

Persons: Louis Robinett, Dion Garner, Robinett, Poole, it's, Simon Jennings, Mitch Phillips Organizations: Poole Runners, BBC, Poole, Louis, Thomson Locations: Dorset, England, California, London, Bengaluru

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Microsoft, Rivian, Amazon, Skechers, Block and more
▼ + stars: | 2023-10-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America reiterates Apple as neutral Bank of America said Apple Services is the "next leg of growth." UBS reiterates Skechers as buy UBS said it's standing by its buy rating on shares of the shoe company. JPMorgan reiterates Disney as overweight JPMorgan lowered its price target on the stock to $120 per share from $125 but said it's standing by its overweight rating. Bank of America reiterates Block as buy Bank of America said investors should buy the dip in shares of the company formerly known as Square. Morgan Stanley reiterates Microsoft as overweight Morgan Stanley said it's standing by its overweight rating on Microsoft shares.

Persons: Wells, Wells Fargo, Jefferies, Tesla, it's, Skechers, Daiwa, JPMorgan downgrades Corning, JPMorgan, TD Cowen, O'Reilly, Cowen, Morgan Stanley Organizations: UBS, Bank of America, Apple, of America, Apple Services, Google, DOJ, Citi, Huawei, JPMorgan, Disney, ESPN, Arts, EA, " Bank of America, Trust, Northern Trust, Holdings, Juniper Networks, Enterprise, Microsoft Locations: North America, China, Hulu, Juniper, Corning

The British company gets most of its revenue from the smartphone market, in which it has a 99% share across Google's Android and Apple's iOS devices. Arm shares last closed at $54.08, compared with the IPO price of $51. Such growth would benefit SoftBank, which told investors ahead of the Arm IPO that it plans to remain the majority owner in the company it considers its crown jewel. But some brokerages, including HSBC, urged caution, saying Arm's shares could remain range-bound as uncertainty over a smartphone market recovery pressures earnings. At least 17 brokerages started covering Arm, with an average rating of "buy" and a median price target of $63.50.

Persons: Dado Ruvic, Goldman Sachs, TD Cowen, Roshan Abraham, Savio D'Souza, Anil D'Silva, Shounak Organizations: REUTERS, Holdings, Wall Street, SoftBank, J.P.Morgan, British, Citi, Deutsche Bank, Rosenblatt Securities, Philadelphia Semiconductors, HSBC, Thomson Locations: brokerages, Philadelphia, Bengaluru

Arm shares last closed at $54.08, about two dollars below their IPO price. TD Cowen said Arm faces some challenges from the weak smartphone market, but its current revenue represented an "under-monetization of its importance to the industry". Such growth would benefit SoftBank, which told investors ahead of the Arm IPO that it plans to remain the majority owner in the company it considers its crown jewel. But some brokerages, including HSBC, urged caution, saying Arm's shares could remain range-bound as uncertainty over a smartphone market recovery pressures earnings. But by 8 am ET on Monday, at least 15 brokerages started covering Arm with a mean rating of "buy" and a $60 median price target.

Persons: Dado Ruvic, Morgan, Goldman Sachs, TD Cowen, Roshan Abraham, Savio D'Souza, Anil D'Silva Organizations: REUTERS, Arm Holdings, SoftBank, Citi, Deutsche Bank, Mizuho, HSBC, Thomson Locations: brokerages, British, J.P, Morgan, Bengaluru

☆ Arm Holdings becomes SoftBank's core asset
▼ + stars: | 2023-10-09 | 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 EmailArm Holdings becomes SoftBank's core assetCNBC's Deirdre Bosa joins 'The Exchange' to discuss bullish reception for Arm's IPO, what the ARM IPO performance means for SoftBank, and the royalties Arm gets from licensing its IP.

Persons: Deirdre Bosa Organizations: ARM

☆ JPMorgan says buy this newly public chipmaker with nearly 30% upside
▼ + stars: | 2023-10-09 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

JPMorgan thinks Arm Holdings ' penetration of higher growth segments within the chip market will drive revenue going forward. The firm initiated coverage of the semiconductor stock with an overweight rating and a $70 per share price target. Arm Holdings shares have risen 6% since the company went public in September . ARM YTD mountain Arm Holdings stock. Other firms, including Deutsche Bank and Goldman Sachs, also initiated coverage of Arm Holdings, both with buy ratings.

Persons: Harlan Sur, Goldman Sachs, — CNBC's Michael Bloom Organizations: JPMorgan, Arm Holdings, ARM, Deutsche Bank Locations: Sur

☆ George Santos filed false campaign reports inflating his fundraising figures to garner national GOP support, prosecutors say
▼ + stars: | 2023-10-05 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Prosecutors allege in a new filing that Santos filed false campaign finance reports to the FEC. The feds also say he reported loaning $500,000 to the campaign even though he didn't have the money. AdvertisementAdvertisementRepublican Rep. George Santos of New York falsely inflated his campaign's fundraising figures in order to garner support from the National Republican Campaign Committee (NRCC), federal prosecutors said in a new filing on Thursday. AdvertisementAdvertisementSantos and Marks also falsely reported $53,200 in contributions from 10 different family members of Santos, according to prosecutors. Santos ended up qualifying for the program the following month based on the false campaign finance reports.

Persons: Santos, arm's, didn't, —, George Santos, Nancy Marks, Marks, who's, Joseph Murray Organizations: GOP, Service, National Republican Campaign, Prosecutors, Federal, House Republicans Locations: George Santos of New York, United States

☆ SoftBank CEO Son says artificial general intelligence will come within 10 years
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +2 min

TOKYO, Oct 4 (Reuters) - SoftBank (9984.T) CEO Masayoshi Son said he believes artificial general intelligence (AGI), artificial intelligence that surpasses human intelligence in almost all areas, will be realised within 10 years. Speaking at the SoftBank World corporate conference, Son said he believes AGI will be ten times more intelligent than the sum total of all human intelligence. He noted the rapid progress in generative AI that he said has already exceeded human intelligence in certain areas. Arm CEO Rene Haas, speaking at the conference via video, touted the energy efficiency of Arm's designs, saying they would become increasingly sought after to power artificial intelligence. Son said he thinks he is the only person who believes AGI will come within a decade.

Persons: Masayoshi Son, Son, AGI, SoftBank, Rene Haas, Haas, Anton Bridge, Tom Hogue, Edwina Gibbs Organizations: Thomson Locations: TOKYO

☆ Mortgage demand drops to the lowest level since 1996, as interest rates head toward 8%
▼ + stars: | 2023-10-04 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

"As a result, mortgage applications ground to a halt, dropping to the lowest level since 1996." Just two years ago, when rates were setting multiple record lows, refinance demand made up roughly three-quarters of all mortgage applications. The ARMs made up 8% of purchase applications, up from 6.7% about a month ago, when interest rates were slightly lower. ARM's offer lower rates but are fixed for a shorter term, usually five or 10 years. Investors are responding to better-than-expected economic data, which could push the Federal Reserve to be more aggressive in its higher interest rate policy.

Persons: Joel Kan, Refinances, Kan Organizations: Mortgage, Federal Reserve

☆ Joe Biden has a decision to make about Julian Assange
▼ + stars: | 2023-10-01 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +26 min

A small group of lawyers and media executives gathered in a well-appointed back room to listen to Gabriel Shipton, Assange's half-brother. In the case of Vault 7, WikiLeaks' source turned out to be a disgruntled former C.I.A employee. AdvertisementAdvertisementIn New York, Gabriel Shipton, Assange's half-brother, declined to rule out the possibility of a plea deal. Every time the Australian government raises this issue, the Chinese government puts out a statement about Julian Assange. Senator Peter Whish-Wilson, right, was part of a delegation of Australian officials in the US to press for the release of Julian Assange.

Persons: Julian Assange, Assange, Gabriel Shipton, Tucker Carlson, Tucker, Shipton, he'd, Anthony Albanese, Joe Biden, Monique Ryan, Albanese, Mike Pompeo, Caroline Kennedy, Der Spiegel, El Pais, David Hicks, Julian, John Shipton, Assange's, John, Gabriel, Brett Assange, Peter Whish, Wilson, We've, Robert Carr, Chelsea Manning's, Obama, We're, Cheng Lei, —, Chelsea Manning, Manning, What's, Julian Assange's, John MacDougall, …, they'd, he's, John Young, Laura Poitras's, Mueller, Robert Mueller's, John Podesta's, Bernie Sanders, John Koeltl, They've, Donald, Trump, we've, James Comey, Hillary Clinton, He's, I'm, Yevgeny Prigozhin's Wagner, I've, Putin, exfiltrate Assange, Julian wasn't, Dana Rohrabacher, Rohrabacher, Jennifer Robinson, Tracey Nearmy, we'd, Marjorie Taylor, Greene, Antony Blinken, Biden, Mattathias Schwartz Organizations: United Nations General Assembly, WikiLeaks, Washington Post, Washington, DOJ, The Washington, Australia's Labor Party, New, Biden, Senate Intelligence, Justice Department, New York Times, Guardian, Chelsea, Pentagon, Getty, Justice, The State Department, Laura Poitras's WikiLeaks, State Department, DNC, Democratic, Committee, Democratic National Convention, of, Russian Federation, Novaya Gazeta, Trump, CIA, The Justice Locations: New York, London, Assange's, Pacific, Ecuadorian, Washington, Russia, Australia, Shipton, Brig, Chelsea, Iraq, Australian, China, American, Moscow, Getty Shipton, … Shipton, Cryptome, There's, Southern, of New York, Russian, Ukrainian, Ukraine, Panama, schwartz79@protonmail.com

[1/5] Migrants wait behind razor wire after crossing the Rio Grande into the United States in Eagle Pass, Texas, U.S., September 28, 2023. Reuters witnessed migrants crossing, sometimes dozens at a time and at times with small children, navigating strong currents to then make their way through the sharp wire put up by the Texas national guard. Once on U.S. soil they waited in the hot sun to turn themselves in to U.S. border officials for processing. Earlier this month nine migrants died as they were trying to cross the river into Eagle Pass. The Department of Homeland Security and Texas state officials did not respond to requests for comments on the crossings in Eagle Pass.

Persons: Brian Snyder, Joe Biden, Biden, Donald Trump, Greg Abbott, Abbott, Jason Owens, Owens, Johendry Chourio, Daniel Becerril, Laura Gottesdiener, Mica Rosenberg, Rosalba O'Brien Organizations: REUTERS, PASS, Texas, Texas Republican, Democrat, Border Patrol, U.S, Department of Homeland Security, Thomson Locations: Rio Grande, United States, Eagle Pass , Texas, U.S, Texas, PIEDRAS NEGRAS, Mexico, Venezuela, America, Eagle, Mexican, Piedras Negras, Eagle Pass, Monterrey, New York

☆ Instacart shares fall further below IPO price
▼ + stars: | 2023-09-27 | by ( Noel Randewich | ) www.reuters.com time to read: +2 min

Shares of Instacart, formally called Maplebear, last traded at $28.71 compared to the $30 price set in its IPO on Sept. 18. SoftBank-backed chip designer Arm Holdings fell 2.5% to $52.19, just above the $51 price in its IPO two weeks ago. After closing with a gain of 12% in its first session, Instacart has steadily lost ground. Arm's shares have also mostly declined after surging in their Wall Street debut, touching intra-day lows below $51 in three of the past five sessions. The marketing automation firm's stock remains above its $30 IPO price, but well below its intraday high of $37 in its first day of trading.

Persons: Eric Cohn, Cheney Orr, Instacart, Noel Randewich, Emelia Sithole Organizations: Safeway, REUTERS, Vanda Research, Arm Holdings, Thomson Locations: Tucson , Arizona, U.S, Klaviyo

"Stellantis and GM in particular are going to need some serious pushing," Fain said Friday. Fain said Ford had improved its contract offer, including boosting profit sharing and agreeing to let workers strike over plant closures but said the union still has "serious issues" with Ford. "This is like union 101 in terms of divide and conquer, and put more pressure on GM and Stellantis," Ives added. GM, Ford and Stellantis have said they are making contingency plans for further U.S. work stoppages. Unifor, which represents about 5,600 Canadian auto workers, had been threatening to go on strike at all three Ford plants in the country.

Persons: Phaedra Grant, Michael Swensen, Biden, Fain, Shawn Fain, Stellantis, Joe Biden, Donald Trump, Ford, Daniel Ives, Ives, Karine Jean, Pierre, Mark Reuss, David Shepardson, Joseph White, Ben Klayman, Peter Henderson, Jeff Mason, Matthew Lewis, Nick Zieminski Organizations: Ford, UAW, REUTERS, Ford Union, GM, United Auto Workers, Detroit, General Motors, Chrysler, Ford Motor, Silverado, Ford Bronco, Chevrolet, Reuters, Biden, Republican, White, Detroit automakers, Thomson Locations: Louisville , Kentucky, U.S, DETROIT, United, California, Massachusetts, Oregon, Florida, Kokomo , Indiana, Kokomo, Michigan, Missouri , Michigan, Ohio, Chevrolet Colorado, Washington, Detroit, San Francisco

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