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☆ Japan votes in election expected to punish PM Ishiba's coalition
▼ + stars: | 2024-10-27 | by ( ) www.cnbc.com time to read: +2 min

TOPSHOT - Officials look on as people vote during the general election at a polling station set up at a local school in Tokyo on October 27, 2024. Japan voted on October 27 in its tightest election in years, with new Prime Minister Shigeru Ishiba and his juggernaut Liberal Democratic Party facing potentially their worst result since 2009. (Photo by Richard A. Brooks / AFP) (Photo by RICHARD A. BROOKS/AFP via Getty Images)Japan's voters decide the fate of Prime Minister Shigeru Ishiba's government on Sunday in an election expected to punish his coalition over a funding scandal and inflation, potentially ending a decade of dominance for his Liberal Democratic Party. Political wrangling could roil markets and be a headache for the Bank of Japan, if Ishiba chooses a partner that favours maintaining near-zero interest rates when the central bank wants to gradually raise them. "That's basically the scenario for 'sell Japan'," as investors ponder how the outcome could affect fiscal and monetary policy, said Naka Matsuzawa, chief macro strategist at Nomura Securities.

Persons: Shigeru Ishiba, Richard A, Brooks, RICHARD A, BROOKS, Shigeru Ishiba's, Komeito, Ishiba, Jeffrey Hall, That's, Naka Matsuzawa Organizations: Liberal Democratic Party, Getty, LDP, Bank of Japan, Kanda University of International Studies, Asahi, Nomura Securities, Constitutional Democratic Party of Japan Locations: Tokyo, Japan, AFP, China

☆ Q3 Earnings: Welcome to the ‘show me the money’ quarter
▼ + stars: | 2024-10-26 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

In what some analysts are calling the “show me the money” quarter, most of the major US tech titans will report earnings during Halloween week. “Tech companies have been spending billions on AI like kids in a candy store,” said David Laut, chief investment officer at Abound Financial. “Now investors want to see what they’re getting for their money.”Earnings season for tech got off to a strong start Wednesday evening when Tesla surprised Wall Street with better-than-expected earnings. The results sent Tesla’s shares surging more than 11% in after-hours trading, potentially setting a positive tone for next week’s parade of tech earnings. But there’s more spooking Wall Street than just tech earnings.

Persons: ”, David Laut, Tesla, Tesla’s, Jim Reid, Dan Ives Organizations: New, New York CNN, Google, Microsoft, Meta, Apple, Nvidia, “ Tech, “, ChatGPT, Reserve, Deutsche, Wedbush Securities Locations: New York, Canada, France

☆ Steven Alderson was bullied at school for being autistic. Decades on, a historic win has made him an Australian national hero
▼ + stars: | 2024-10-26 | by ( Jack Bantock | ) edition.cnn.com time to read: +8 min

Instead, the tide of popular support swelled from the winner’s interview a watery-eyed Alderson gave in the wake of triumph at Real Club de Golf Sotogrande. Fighting back tears, the victor recalled the years of bullying he had endured at school, and even some golf clubs. “Normal people just think people with disabilities are different and they’re probably easier to be bullied and picked on,” Alderson told CNN Sport. “I’ve known Spud for a long time, so I know if he’s having a mini blow-up,” Blucher said. “If you’re being bullied, just do your best to ignore it and be the better person,” he said.

Persons: Steven Alderson, Alderson, Spud ”, Alderson –, ” Alderson, “, Andrew Redington, ”, Callum Ferguson, Alex Ross, LIV, Greg Norman, It’s, caddie Trent Blucher, “ Trent, Blucher, Spud, ” Blucher, ‘, Jon Rahm, Rahm, Isaiah Vazquez, Qatar’s dizzying, it’s, you’re Organizations: CNN, KFC, Estrella Damm NA, Real Club, “, CNN Sport, Golf, LIV Golf Adelaide, The Grange, United Arab Emirates, McLaren, Qatar’s dizzying Hamad International Locations: Australia, Spain, South Australia, Willunga, The, caddie, Sotogrande, Dubai, McLaren Vale, Adelaide, Qatar’s, Qatar’s dizzying Hamad

☆ The world's most accurate economist predicts the election outcome and its potential shock impact on the 10-year Treasury
▼ + stars: | 2024-10-26 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Right now, he has his sights set on the US election, with its high stakes and wide range of economic possibilities. AdvertisementThe third scenario is a Trump win with a Republican sweep, which Barraud believes is the most likely outcome. In the short term, it would have a positive impact on US economic growth, creating a GDP boost in 2025 between 2.1% and 2.3%, he said. If Harris wins with a dividend Congress, yields could drop further from where they are, he said. This time, election forecasting includes monitoring multiple poll-betting markets with the highest volume of users to gauge election outcomes.

Persons: Christophe Barraud, —, Barraud, Kamala Harris, Donald Trump, Trump, there's, Harris Organizations: Service, Bloomberg, Market Securities Monaco, Trump, Republican Locations: Washington

They Used to Be Ahead in the American Economy. But over 40 years, even as their inflation-adjusted income has remained relatively flat, they’ve fallen well below the average income. But over 40 years, even as their inflation-adjusted income has remained relatively flat, they’ve fallen well below the average income. In the reordering of the U.S. economy since 1980, white men without a degree have been surpassed in income by college-educated women. As the American economy has shifted over the past 40 years away from manufacturing and toward services and “knowledge” work, this less visible hierarchy within the economy has shifted, too.

Persons: Jobs, metalworkers, —, ”, Kathy Cramer, David Autor, Tom Kochan, Susan Houseman, “, Lisa Boscola, Arlie Hochschild, , appraisers, Cramer, Scott Paul, who’ve, Stephanie Ternullo, Boscola, they’re, Donald J, Noam Gidron, Trump, Rather, Biden, Kamala Harris, Stefanie Stantcheva, Stantcheva Organizations: University of Wisconsin, Workers, Labor, Upjohn Institute, Employment Research, Democratic, Bethlehem Steel, Berkeley, Alliance for American Manufacturing, Harvard, Electoral College, Democratic Party, Republican, Securities, Bank, Radio, Observers, Mr, Obama Locations: American, U.S, Wisconsin , Michigan, Pennsylvania, M.I.T, Manitowoc County, Wis, Wisconsin, Michigan, ”, I’m, America, Bethlehem, Pa

Mortgage rates for October 26, 2024, are hovering in the mid-6% range, according to Zillow data. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. High mortgage rates pushed many hopeful buyers out of the market, slowing homebuying demand and putting downward pressure on home prices. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: they'll, you'll, they've, Freddie Mac, it's, Fannie Mae Organizations: Federal, Fed, Traders, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Mortgage, Association Locations: Chevron

☆ A notorious market bear who called the 2000 and 2008 crashes shares 3 signs it's a terrible time to invest in the S&P 500 — and warns stocks are due to underperform Treasurys by 10% over the next 12 y
▼ + stars: | 2024-10-26 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

John Hussman warns of poor S&P 500 returns over the next 12 years. Current expectations have the S&P 500 underperforming Treasurys by 9.9% annually over the next 12 years. But valuations are causing skepticism about future market returns among others on Wall Street, even if not to the same degree. Related storiesEarlier this week, Goldman Sachs forecast that the S&P 500 would average 3% annual returns over the next decade. His Strategic Growth Fund is down about 55% since December 2010 and has fallen 16% in the past 12 months.

Persons: John Hussman, —, you'll, you'd, Hussman, Hussman's, it's, Goldman Sachs, It's Organizations: Treasurys, Service, Hussman Investment Trust

☆ Tesla ends the week on a high fueled by earnings 'surprise'
▼ + stars: | 2024-10-26 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Tesla stock has surged since the company reported earnings on Wednesday. AdvertisementTesla's stock price has been on a tear in the two days since the carmaker reported quarterly earnings that exceeded expectations. AvaTrade's chief market analyst, Kate Leaman, told BI that Tesla's earnings were a "surprise beat, which always gives the stock a push." Ahead of the earnings report, analysts had concerns about waning EV demand and the impact of Tesla's price cuts on its profitability. Dan Ives, a Tesla bull and an analyst at Wedbush Securities, called Tesla's earnings figures a "Goldilocks quarter."

Persons: Jacob Bourne, —, Elon Musk, Tesla, Kate Leaman, Tom Narayan, Dan Ives, Emarketer's Bourne, Tesla's Cybercab, Bourne, Chowdhry, Donald Trump, Narayan, Musk Organizations: Wall Street, Service, Wall, Business, RBC Capital, Wedbush Securities, Global, Tesla Locations: Texas, California, Bay

☆ She connected on Instagram with a guy who lived on the other side of the world. Then they decided to meet up
▼ + stars: | 2024-10-25 | by ( Francesca Street | ) edition.cnn.com time to read: +23 min

She enjoyed seeing snippets of Sunil’s life – flashes of him going out with friends, cooking, working out. “I decided I wanted to book a trip to come to India and meet my friend,” she recalls. Amanda didn’t reply right away. There were more than a few raised eyebrows — many of her loved ones worried things had moved too quickly, that Amanda didn’t really know Sunil. “The pandemic was really, really bad here.”Amid this fear and uncertainty, Amanda and Sunil hunkered down with each other and their dog.

Persons: Amanda Boyce, Sunil Rajput’s, Amanda, Sunil, “, ” Amanda, ”, Sunil wasn’t, she’d, ’, —, Sunil —, Amanda wasn’t, Amanda didn’t, I’m, ’ ”, Amanda’s, Sunil — they’d, Sunil Rajput, Amanda Boyce “, I’d, “ Sunil, ” Sunil, we’ll, Amanda Boyce Amanda, ‘, I’ll, “ I’ve, he’d, Here's Amanda, don’t, Sunil hunkered, “ That’s, ’ Sunil, everything’s, We’re, it’s, they’re, you’re Organizations: CNN, CNN Travel, Indira Gandhi International Airport, ” Locations: Brisbane, Australia, India, Sunil, Sunil — Chandigarh, Chandigarh, Instagram, Delhi, Thailand, Bangkok, Canada, Chandigarh –

☆ Yen wobbles, vulnerable to political reverberations
▼ + stars: | 2024-10-25 | by ( ) www.cnbc.com time to read: +4 min

Japanese yen banknotes of various denominations are arranged for a photograph in Tokyo, Japan, on July 22, 2015. The yen was last 0.1% lower at 152 per dollar and was looking at a 1.5% loss for the week. The yen has fallen roughly 5.5% for the month thus far, setting it up for its worst monthly decline since April 2022. Against the dollar, the euro last bought $1.08225, some distance away from its low of $1.076125 hit earlier this week. The dollar index last ticked up 0.04% to 104.09, after having scaled a roughly three-month high of 104.57 earlier in the week.

Persons: Ray Attrill, Katsunobu Kato, Janet Yellen, Donald Trump, Nick Rees, Sterling Organizations: of Japan's, Treasury, Liberal Democratic Party, LDP, National Australia Bank, country's Finance, FX, Monex, New Zealand Locations: Tokyo, Japan, Japanese, Germany —

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

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

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

☆ Spirit Airlines stock jumps 25% after struggling budget carrier said it will sell planes, cut jobs
▼ + stars: | 2024-10-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Spirit Airlines baggage tags are seen near a check-in counter at the Austin-Bergstrom International Airport on April 10, 2024 in Austin, Texas. Spirit Airlines shares surged after the struggling budget carrier said it would cut jobs and sell aircraft. That sale will bring in $519 million, Spirit said in a securities filing. Earlier this week, The Wall Street Journal reported that Spirit and Frontier Airlines have revived merger discussions, sending shares higher. The two budget airlines had a merger agreement that was derailed by JetBlue 's April 2022 offer to purchase Spirit outright.

Persons: Spirit, didn't Organizations: Austin, Bergstrom International Airport, Austin , Texas . Spirit Airlines, Airbus, Pratt & Whitney, JetBlue Airways, Street Journal, Frontier Airlines, JetBlue Locations: Austin , Texas

☆ What's in a title? How hedge funds and their employees use the industry's lack of consistency to their advantage
▼ + stars: | 2024-10-25 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +9 min

The lack of uniformity allows both firms and employees to present themselves in the best light. This lack of uniformity and the relentless war for talent has firms and employees alike taking advantage of the ambiguity. Rokos has two dozen employees with the title "investment officer" in their LinkedIn profiles. At Coatue, executives sign off on what employees put as their title on LinkedIn, people familiar with the firm's operations said. Members of Tiger Global's front-office team use "investor" as their title on LinkedIn instead of a more specific role.

Persons: —, David Einhorn's, James Fishback, Morgan Stanley, Goldman Sachs, Ken Griffin, Gerald Beeson, Sjoerd, Google's Paul Darrah, Jose Gamez, Rokos, Chris Rokos, Paul Enright, Townie Wells, Enright, Jain, Tiger, Marshall Wace, D.E, Shaw, allocators, Elliott, Don Steinbrugge, Steinbrugge Organizations: Service, Goldman, Bloomberg, Business, Industry, Citadel, Citadel Securities, Jain, Townie, Viking Global, Sigma, Fund, Talent, Agecroft Partners Locations: Greenlight, Miami, Palm Beach, London, Wells, Coatue

☆ A new ETF could disrupt the trillion-dollar money market fund industry. What to know
▼ + stars: | 2024-10-25 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

Total money market fund assets have ballooned to more than $6.5 trillion, according to the Investment Company Institute. Traditional money market fund transactions take place at the end of each trading day, while ETFs trade constantly during market hours. How it works The Texas Capital ETF holds very short-term fixed income instruments, similar to traditional money market funds. It will abide by rule 2a-7 , a U.S. Securities and Exchange Commission regulation that governs the liquidity of holdings in traditional money market funds. Looking forward The potential market for a money market ETF is massive.

Persons: Michael Carbone, That's, Richard Leimgruber, Jeff Schwartz, Brad Roth, Roth Organizations: Texas Capital, Money Market, Federal Reserve, Investment Company Institute, CNBC, U.S . Securities, Exchange Commission, Wealth, ICI, The Texas Capital, Thor Financial Technologies Locations: Texas, Chelmsford, Mass, Tarrytown , New York

☆ New York Stock Exchange to extend after-hours trading
▼ + stars: | 2024-10-25 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

The facade of The New York Stock Exchange is being seen in the Financial District in New York City, on November 18, 2023. The New York Stock Exchange on Friday announced plans to extend trading on its all-electronic exchange to 22 hours a day. Normal trading hours are 9:30 a.m. to 4:00 p.m.NYSE Arca is known as a top platform to buy and sell exchange-traded funds and more than 8,000 U.S.-listed securities. All U.S.-listed stocks, ETFs and closed-end funds will be open to trade during the 22 hours on the electronic exchange, Intercontinental Exchange said. The NYSE plans to file updated rules for extended trading with the Securities and Exchange Commission.

Persons: Robinhood, Kevin Tyrrell Organizations: New York Stock Exchange, Financial, The New York Stock Exchange, NYSE, Intercontinental Exchange, NYSE Arca, Securities and Exchange Commission, Depository Trust, Clearing Corp Locations: New York City, U.S

☆ The last time markets were this good was 20 years ago. Can we keep it up?
▼ + stars: | 2024-10-25 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

Until this week’s pullback, the market’s recent performance told a remarkable story. The S&P 500 rose for 37 of the last 51 weeks, matching a record reached in both 1989 and 2004. Political uncertaintyWith polls showing a tight race for the White House, investors have been increasingly on edge about the prospect of former President Donald Trump winning the election. While polls remain effectively dead even, political betting markets have swung in Trump’s favor since the start of this month. Deutsche Bank analysts warn that the recent rally may be difficult to sustain given these historically high valuations.

Persons: Donald Trump, Trump, ” Steven Ricchiuto, Henry Allen, it’s Organizations: New, New York CNN, Dow, Nasdaq, White House, Mizuho Securities, –, Deutsche Bank, Apple, Microsoft, Presidential, Federal Locations: New York, Israel

☆ Leaders meet at Commonwealth summit with slavery reparations on agenda
▼ + stars: | 2024-10-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

APIA, Samoa — The leaders of the Commonwealth grouping of nations met on Thursday ahead of a summit in the South Pacific nation of Samoa that will feature talks on climate change and the question of reparations for Britain’s role in transatlantic slavery. More than half of the Commonwealth’s members are small nations, many of them low-lying islands at risk from rising sea levels caused by climate change. Among them is Tuvalu, whose climate change minister, Maina Vakafua Talia, urged the grouping to strive for the Paris Accord’s warming goal of 1.5 degrees C (2.7 degrees F), calling new fossil fuel projects a “death sentence” for his country. Island leaders are expected to issue a declaration on ocean protection at the summit, with climate change being a central topic of discussion. “Climate change is an existential threat,” Australian Foreign Minister Penny Wong told a press conference after a meeting with counterparts.

Persons: Samoa —, King Charles, Maina Vakafua Talia, ”, Penny Wong, ” King Charles III, Queen Camilla, Chris Jackson, Charles, Antonio Guterres, Fiame Naomi Mata’afa, Anthony Albanese, Keir Starmer, Starmer, Eric Phillips, Kingsley Abbott, Frederick Mitchell, ” Abbott Organizations: Commonwealth, Government, Getty, United Nations, Australian, Caribbean Community, African Union, London University’s Institute of Commonwealth Studies, BBC, CARICOM Locations: APIA, Samoa, Commonwealth, South Pacific, Tuvalu, Paris, Apia, Zambia, Britain, France, Portugal, Bahamas, Americas, Brazil, Caribbean

☆ These are 2024’s top trending Halloween costumes, according to Google
▼ + stars: | 2024-10-24 | by ( Oscar Holland | ) edition.cnn.com time to read: +2 min

Google’s annual “Frightgeist” list has unveiled 25 costume ideas the tech giant says are “trending” in the build-up to Halloween. An attendee at this month's New York Comic Con dressed as Bob from "Beetlejuice Beetlejuice." Google also looked at trending kids’ costumes (topped by Red from Disney’s “Descendants”), pet costumes (“Dogpool”) and costume pairs (Deadpool and Wolverine). Google has noted a spike in searches for “green and yellow track suit” and “green track pants" for users looking to emulate Australian breakdancer Raygun. “Frightgeist” also identified the year’s top trending party theme as “Beetlejuice,” while the “spooky foods” category was topped by “mummy hot dogs.”Here are this year’s top 25 trending costumes, according to Google Trends:

Persons: CNN —, Raygun, Playtime, Deadpool, Sabrina Carpenter, York Comic Con, Bob, Charles Sykes, Joy —, Chipotle burritos, Soulja Boy, “, Disney’s, ”, Elsa, Getty, Dolly Parton, Ron Burgundy, Frightgeist ” Organizations: CNN, Google, York Comic, Warner Bros, Warner Bros . Locations: CatNap, Tampa , Florida, Rapid City , South Dakota, Marquette , Michigan, Duluth , Minnesota, Tucson , Arizona

☆ Where Vanguard sees opportunity to earn income right now
▼ + stars: | 2024-10-24 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

With the Federal Reserve rate-cutting cycle now underway, income investors may want to take a closer look at their portfolios. In this environment, Vanguard likes higher-quality, fixed-income assets. However, with high yield credit, Vanguard is focusing on bottom-up security selection due to the dispersion among issuers. CCC-rated bonds gained 12.5% year to date, as of Sept 30, versus the 4.3% return in AA credit, according to Vanguard. Individual investors can get access to corporate credit through mutual funds or exchange-traded funds comprising investment-grade or high-yield bonds.

Persons: Sara Devereux, Devereux, Colleen Cunniffe, Cunniffe, outsized Organizations: Federal, Vanguard, Fed, Investor, Securities, Exchange Commission, Fund Locations: Utilities

☆ U.S. will be ‘more pro-crypto’ after this election, no matter who wins, says Ripple CEO Garlinghouse
▼ + stars: | 2024-10-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. Ripple Labs CEO Brad Garlinghouse has been skeptical of crypto regulation in the U.S., but he is feeling highly optimistic about the post-election environment around the corner. Ripple, a veteran company in crypto known in part for its close association with the XRP token, operates a global payments business with banks and financial institutions as its main customers. About 95% of its business takes place outside of the U.S., which Garlinghouse said is partly a reflection of the contentious environment in Washington. On Wednesday, Garlinghouse offered a piece of advice to fintech startups in this changing time: "Incorporate outside the United States."

Persons: Brad Garlinghouse, we've, Garlinghouse, … It's Organizations: Milken, Global Conference, Ripple, CNBC, DC, U.S . Securities, Exchange Commission Locations: Beverly Hills , California, U.S, Washington, United States

☆ King Charles and Keir Starmer brace for reparations debate at Commonwealth summit
▼ + stars: | 2024-10-24 | by ( Rob Picheta | Lauren Said-Moorhouse | ) edition.cnn.com time to read: +4 min

London CNN —Britain’s government and King Charles III are bracing for a heated conversation about reparations for the transatlantic slave trade, as the issue looks set to overshadow a summit of Commonwealth leaders in Samoa. UK Prime Minister Keir Starmer told reporters on his journey to the Pacific island nation: “I think we should be facing forward. Successive British governments have resisted calls to formally apologize for the slave trade, or to entertain the prospect of reparations. Britain's Prime Minister Keir Starmer speaks with his Australian counterpart, Anthony Albanese, at a state banquet opening the summit on Thursday. Also in attendance in Samoa is King Charles III, who arrived in the capital of Apia on Wednesday from Australia, and will formally open the summit as head of the organization.

Persons: London CNN —, King Charles III, Keir Starmer, “ I’ve, Patrick Robinson, Anthony Albanese, Stefan Rousseau, Charles, ”, Queen Elizabeth II, Prince William, King Charles Organizations: London CNN, UK, National Archives, Brattle Group, University of West, Court, Britain's, Commonwealth, Reuters Locations: Commonwealth, Samoa, Pacific, Historic England, Caribbean, University of West Indies, Britain, Apia, Australia, British, Kenya, ’, Rwanda, Jamaica

☆ Australian treasurer: We see the China stimulus measures as very positive
▼ + stars: | 2024-10-24 | 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 EmailAustralian treasurer: We see the China stimulus measures as very positiveJim Chalmers, treasurer for Australia, speaks to CNBC's Karen Tso at the IMF annual meetings in Washington, D.C.

Persons: Jim Chalmers, Karen Tso Locations: China, Australia, Washington ,

☆ Tesla stock surges 18% after stellar earnings, one of its biggest gains in years
▼ + stars: | 2024-10-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Tesla shares rallied as much as 18% on Thursday after the company reported strong earnings. The carmaker reported better-than-expected auto margins and gave strong guidance for 2025. The jump on Thursday marks one of Tesla's biggest intraday percentage gains in years. Others on Wall Street, though, raised questions about other aspects of Tesla's business. "TSLA offered no details on a CY25 model, no details on improved FSD, and no details on its plans for Optimus.

Persons: Tesla, —, Elon Musk's carmaker, Aaron, Morningstar, Musk, we're, TSLA Organizations: Service, Elon, Wedbush Securities, Wall, Optimus Locations: China, CY25

☆ Industrial AI play Dover falls on a noisy quarter. Here's why we'd buy the dip
▼ + stars: | 2024-10-24 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

Dover on Thursday reported weaker-than-expected third-quarter results, pressuring shares of the industrial conglomerate with ties to AI data centers. Dover Why we own it : We own Dover as an industrial turnaround story with exposure to mega-themes, most notably the data center buildout to support artificial intelligence computing. That created headlines that implied Dover cut its full-year guidance, but in reality executives warned in advance that sales growth and earnings projections would be altered. To be sure, we are restricted from trading Dover's stock for the next 72 hours because Jim Cramer on Thursday mentioned the company on CNBC TV. Dover considers those areas its "growth platforms," and their increasing share of the portfolio carries positive implications for Dover's margins.

Persons: We're, Ingersoll Rand, Dover, Richard Tobin, Tobin, Jim Cramer, DOV, Dover's, —, Danaher, Jim Cramer's, Jim, Jason Marz Organizations: IDEX Corp, Management, CNBC, Dover, Mizuho Securities, Club Locations: Dover, Veralto, Europe

☆ Investors need to moderate their return expectations for Indian equities: Dhiraj Relli
▼ + stars: | 2024-10-24 | 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 EmailInvestors need to moderate their return expectations for Indian equities: Dhiraj RelliDhiraj Relli of HDFC Securities discusses the current valuation levels of the Indian markets and says that local debt is an interesting asset class to consider.

Organizations: HDFC Securities

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