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☆ ‘Terrifier 3’ tops box office with $18 million debut, ‘Joker: Folie à Deux’ collapses with brutal 81% drop
▼ + stars: | 2024-10-14 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +6 min

There’s only room for one killer clown at the top of box office charts. Meanwhile “Joker: Folie á Deux,” which topped the box office last weekend, collapsed in third place with $7.055 million from 4,102 theaters. So far, “Folie a Deux” has generated $51.6 million domestically and $165.3 million globally. The well-reviewed family film has amassed $83.73 million domestically and $148 million globally to date. It has earned $52.8 million domestically and $111 million worldwide so far.

Persons: “, Beetlejuice, ”, Joaquin Phoenix, Damien Leone, David A . Gross, Pharrell Williams, Morgan Neville, Rogers, Gross, Sony’s, Jason Reitman, Sebastian Stan, Donald Trump, CinemaScore, Trump, Tim Burton’s, ‘ Taylor Swift, Paul Dergarabedian, “ It’s Organizations: Warner Bros, Rotten, Motion, Entertainment Research, Cannes Film, Briarcliff Entertainment, Universal, DreamWorks, Optimus Locations: North America, CinemaScore

☆ HSBC says these stocks are buys ahead of their earnings reports
▼ + stars: | 2024-10-14 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

HSBC has high hopes for the third quarter earnings season and is sure that some stocks will do better than others. In the three months ended June 30, nearly 79% of companies in the S & P 500 beat analysts' earnings expectations, while 60% of companies in the index posted an upside surprise to Wall Street revenue forecasts. Ahead of the third-quarter earnings season, HSBC recently listed its favorite stocks to buy, where it believes market expectations are low and there are opportunities. More than half the analysts covering Target give the stock a buy rating, and the average price target implies 16% upside. The average price target corresponds to upside of just 3% or so, based on the same FactSet survey.

Persons: Daniela Bretthauer's, Bretthauer, Stephen Bersey's, Bersey, Wesley Brooks, Brooks, Morgan Stanley Organizations: HSBC, BlackRock, JPMorgan, Wells, Financial, Citigroup, PNC Financial Services, Netflix, Procter, Gamble, Wall, Target, Oracle Cloud Infrastructure, Oracle, 3M, 3M's Locations: Wells Fargo, Minnesota, Target's, Friday's

☆ Nvidia stock tests record highs as Wall Street defends chipmaker's valuation amid 'AI arms race'
▼ + stars: | 2024-10-14 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Nvidia stock surged over 3% to near-record highs on Monday as excitement builds for its Blackwell GPU. Bank of America said cloud hyperscalers are in an "AI arms race," which should be a positive for Nvidia. AdvertisementNvidia stock jumped more than 3% on Monday to near-record highs as investor excitement around the chipmaker's upcoming Blackwell GPU product cycle grows. Monday's gain came amid a wave of Wall Street research reports on Nvidia, along with pricing details for Nvidia's next-generation GPU chip. AdvertisementThe initial list prices for Nvidia's Blackwell GPU chip were around $500,000, which Wells Fargo called an "incremental positive" in a note on Monday.

Persons: Blackwell, —, Nvidia's, Wells, Aaron Rakers, Goldman Sachs Organizations: Nvidia, Blackwell, Bank of America, Service, Citi, Monday's, Nvidia's Blackwell, Microsoft, hyperscalers, Investors

☆ Macao's next leader wants to wean economy off gambling
▼ + stars: | 2024-10-14 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Slated to become the next leader of Macao, Sam Hou Fai wants to steer China's special administrative region further away from its heavy reliance on gaming and gambling. Formerly Macao's top judge, Sam was elected Macao's next leader in an uncontested vote on Sunday. In the lead-up to his selection, the 62-year-old identified the diversification of Macao as an urgent issue to address. He added he would consider creating public funds to promote the development of emerging industries outside gaming and gambling. However, that reliance backfired during the Covid-19 pandemic when the gambling and gaming industries took major hits from border closures and social distancing policies.

Persons: Sam Hou Fai, Sam, Macao's, Ho Iat Seng, wouldn't, Seng Organizations: Trade, Beijing Locations: China, Macao, Greater China, Beijing

But mortgage rates are expected to go down next year, so it could be worth waiting if you aren't in a rush. 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. But now that inflation has decelerated and the Fed is expected to cut rates soon, mortgage rates have trended down. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

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

☆ Visiting the Trumpiest county in a swing state
▼ + stars: | 2024-10-14 | by ( Elle Reeve | Samantha | ) edition.cnn.com time to read: +9 min

Money is still tight for many in Brantley County in southeast Georgia, but its people no longer look to Democrats to help. CNNConnecting with TrumpBrantley County is rural, about an hour from the Atlantic coast, with the Okefenokee Swamp to the west. Ronald Ham, chairman of the Brantley County Republican Party, said local voters connect with Trump. People have to drive outside the county for work, which means gas prices matter a lot. “They can vote any way they want to vote,” Wilson said of his companions.

Persons: Sherri Rowell, ”, Donald Trump, Rowell, Talan Tanner, Tanner, ” Rowell, “, don’t, Michael Tanner, Talan, ‘, You’ve, ’ ” Tanner, ‘ Dad, —, He’s, Trump Brantley, ” Ronald Ham, Ronald Ham, ” Ham, “ They’ve, Joe Biden, “ Trump, …, Trump’s, “ It’s, we’re, Kamala Harris, It’s, Harris, Ham, David Herrin, ” Herrin, Button Lee, Herrin, it’s, ” Bill Middleton, Biden, there’s, ” Middleton, we’ve, ” Donald Lewis, Corbet Wilson, Donald Lewis, ” Wilson, Lewis, ” Lewis, Wilson, Trump, Ronald Reagan, George W, Bush, Mitt Romney Organizations: Georgia CNN, Trump, CNN, Brantley County GOP, Republican Party, Trump . CNN, Walt Disney World, Biden, Gold, Teamsters, Teamsters ’, Republican, Capitol Locations: Nahunta, Georgia, Brantley County, It’s, Ham, Brantley, Washington

☆ Singapore keeps monetary policy steady as third-quarter growth picks up
▼ + stars: | 2024-10-14 | by ( ) www.cnbc.com time to read: +2 min

"The risks to Singapore's inflation outlook are more balanced compared to three months ago," MAS said in a statement, adding that growth momentum has picked up. The Monetary Authority of Singapore said it will maintain the prevailing rate of appreciation of its exchange rate-based policy band known as the Nominal Effective Exchange Rate, or S$NEER. Capital Economics markets economist Shivaan Tandon concurred, saying "the risk of keeping monetary policy too tight for too long will take center stage soon prompting the central bank to pivot". Singapore is often seen as a bellwether for global growth as its international trade dwarfs its domestic economy. As a heavily trade-reliant economy, Singapore uses a unique method of managing monetary policy, tweaking the exchange rate of its dollar against a basket of currencies instead of domestic interest rates like most other countries.

Persons: Selena Ling, Shivaan Tandon Organizations: MAS, Monetary Authority, Capital Economics Locations: Singapore, Singapore's

☆ Here's who would benefit from Trump's proposed tax break on car loan interest
▼ + stars: | 2024-10-14 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Trump's proposed tax break would make interest on car loans fully tax deductible. That tax break lets homeowners deduct annual mortgage interest payments from their taxable income, thereby reducing their tax bill. Few taxpayers claim itemized tax deductionsTo get the deduction, car owners would need to itemize their tax return to include their borrowing costs. About 14.8 million federal tax returns, or about 9%, claimed an itemized deduction on their 2021 federal tax returns, according to the most recent IRS data. An itemized tax break on car loan interest "would help only a fraction of taxpayers," said Leonard Burman, an institute fellow at the Urban-Brookings Tax Policy Center.

Persons: Donald Trump, Sarah Rice, Trump's, Experian, It'd, Seiberg, Trump, didn't, Erica York, —, Leonard Burman, Burman, York, it'd Organizations: Detroit Economic, Bloomberg, Getty Images, Federal Reserve Bank of New, AAA, Trump, Cowen Washington Research Group, Republicans, CNBC, Finance, Social Security, Taxpayers, Tax, Center, Federal Tax, Urban, Brookings Tax Locations: Federal Reserve Bank of New York, Detroit, York

☆ I've cruised on one of Norwegian's smallest ships and one of its biggest. I'd only sail on one of them again.
▼ + stars: | 2024-10-13 | by ( Taylor Rains | ) www.businessinsider.com time to read: +1 min

I sailed on Norwegian Sky and Norwegian Breakaway this year, which were built 14 years apart. Breakaway provides more modern amenities and dining options than the older and tinier Sky. While I have yet to experience the company's extremely attraction-heavy Norwegian Prima class, I have sailed on the more bare-bones Norwegian Sky and Norwegian Breakaway. Breakaway launched in 2013 and is tied as Norwegian's sixth biggest ship at about 145,600 gross tons. But at twice the size of Sky, it has modern attractions and plentiful dining that offer a fair amount of added fun that the tinier ship lacks.

Persons: — Organizations: Cruise Line, Sky, Service, Cruise Locations: Norwegian

☆ China's real estate stimulus could boost this stock, analysts say
▼ + stars: | 2024-10-13 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

While China's property development giants find their footing amid the ongoing real estate slump, several analysts have their sights on housing transaction and services platform KE Holdings . The stock also trades in Hong Kong. In contrast, an index of Chinese property stocks in Hong Kong has gained just under 3% for the year after a volatile three weeks. But China's giant property developers now face a market that's very different from the one they saw in their heyday. Goldman has a price target of 54 Hong Kong dollars ($6.95) and $21 for the company's U.S.-listed shares.

Persons: Jefferies, Xi Jinping, Richard Tang, Hong Kong, Julius Baer, Tang, Goldman Sachs, Goldman, — CNBC's Michael Bloom Organizations: KE, KE Holdings, Jefferies, CNBC, People's Bank of, Bank of America Securities, Bank of America, BofA Securities, Goldman, Hong Locations: U.S, Hong Kong, Friday's, China, People's Bank of China, Beijing, Hong

☆ 'The choice of the people': How Modelo and Corona maker Constellation Brands won the loyalty of Hispanic consumers in the U.S.
▼ + stars: | 2024-10-12 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Riojas is part of a base of Hispanic consumers that has become a focal point for Constellation Brands' beer business, which also includes products such as Corona and Pacífico. Hispanic- and Latino-identifying customers accounted for 32.5% of Constellation Brands' sales in 2023, according to data from consumer research firm Numerator and investment bank Jefferies. "Hispanic consumers are the single most important consumer group for our beer business," said Mallika Monteiro, executive vice president and managing director for Constellation's beer brands. The company officially acquired the U.S. beer business of Groupo Modelo, which included Modelo and Corona, from Anheuser-Busch in 2013. "Time and time again, you see that there's that strong bond that consumers form emotionally with brands," Aguirre-Rodriguez said.

Persons: Mario Tama, Rio Riojas, It's, Modelo, Bud, Mallika Monteiro, we've, Alexandra Aguirre, Rodriguez, Constellation's Monteiro, Monteiro, FIU's Aguirre, Aguirre, Kaumil Gajrawala, Gajrawala, William Newlands, Tom Fullerton, bode Organizations: Modelo Especial, Getty, Rio, Constellation Brands, Corona, Modelo, Constellation, Jefferies, Anheuser, Busch, Groupo Modelo, Florida International, University of Texas Locations: Los Angeles , California, Lansing , Michigan, U.S, Mexico, Corona, York, America, Modelo, El Paso, Americas

☆ Trump tariffs: Trade rep Lighthizer warns Wall Street to be prepared
▼ + stars: | 2024-10-12 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Asked about the note, Trump campaign press secretary Karoline Leavitt did not deny that Lighthizer has been meeting with investors. But she cautioned, "No policy should be deemed official unless it comes from President Trump directly." Lighthizer is advising Trump's presidential campaign on economic issues, according to Inside U.S. Trade. Lighthizer is also a director of Trump Media, the publicly traded social media company that is majority owned by the former president. Lighthizer's reported conversations, and his apparent influence with Trump, both underscore how central tariffs are to carrying out Trump's overall economic vision.

Persons: Robert Lighthizer, Donald Trump, Donald Trump's, Wall, Piper Sandler, We've, Trump, Karoline Leavitt, Lighthizer, Trump's, AFPI, Lighthizer's, Kamala Harris, Anna Kelly, Harris, Joe Biden, Kelly Organizations: Republican, Trade, CNBC, U.S, Trump Cabinet, Center for American Trade, Trump, America, Policy, Trump Media, Democratic, Republican National Locations: York , Pennsylvania, Washington

☆ European markets expected to open slightly higher; UK economy expands 0.2% in August
▼ + stars: | 2024-10-11 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Heavy rain clouds pass over the city of London skyline on September 23, 2024 in London, United Kingdom. European markets are expected to open slightly higher on Friday as investors take in U.K. gross domestic product (GDP) figures and look ahead to highly anticipated fiscal stimulus from China. The U.K.'s FTSE 100 index is poised to open 19 points higher at 8,254, Germany's DAX 23 points higher at 19,228, France's CAC up 15 points at 7,559 and Italy's FTSE MIB 11 points higher at 33,943, according to data from IG. The U.K. economy returned to growth in August, according to official data published on Friday. Asia-Pacific markets mostly traded higher on Friday, breaking ranks with U.S. stocks, which saw key benchmarks dip overnight as investors reacted to a hotter-than-expected U.S. inflation report.

Persons: Germany's DAX Organizations: France's CAC, IG, Reuters ., U.S, CSI Locations: London, United Kingdom, China, U.K, Reuters . Asia, Pacific, Hong Kong

☆ How Russia's war economy and defense spending could actually make it weaker
▼ + stars: | 2024-10-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +5 min

Russia's President Vladimir Putin visits Uralvagonzavod, the country's main tank factory in the Urals, in Nizhny Tagil on February 15, 2024. Ramil Sitdikov | Afp | Getty ImagesRussia's war-orientated economy and plans for unprecedented military spending risk deepening major imbalances within the government's finances, analysts say. Russia's military-industrial complex, feeding an insatiable war machine, has expanded significantly since the war began, as a result. Signalling its commitment to prosecuting the war in Ukraine, combined spending on both national defense and security will account for around 40% of Russia's total government spending in 2025, the draft budget suggested. Notably, defense spending will exceed twice the amount allocated for social needs such as pensions, Reuters noted.

Persons: Vladimir Putin, Uralvagonzavod, Ramil Sitdikov, Mikhail Mishustin, Tursa, Liam Peach, Peach, Alexander NEMENOV, ALEXANDER NEMENOV, Alexander Nemenov Organizations: Afp, Getty, Reuters, Sputnik, Capital Economics, Russian Statistics Agency Locations: Urals, Nizhny Tagil, Ukraine, Russia, Russian, Western, Central, Eastern Europe, Moscow, AFP

☆ French budget surprises with focus on tax hikes as analysts warn of ratings downgrades
▼ + stars: | 2024-10-11 | by ( Jenni Reid | ) www.cnbc.com time to read: +5 min

watch nowFrance's newly-installed government on Thursday presented a draft budget containing 60 billion euros ($65.6 billion) in tax hikes and spending cuts, as analysts warned the package may not be enough to stave off ratings downgrades for the economy. The 2025 budget features a greater focus on tax-raising measures than some were expecting. "The problem is when you have to find 60 billion, we have never found 60 billion in one year, it would be unprecedented, and that's why it's not very credible to find so huge an amount, especially with only a very fragile relative majority." Tax focusThe policy mix underpinning the 2025 budget is "less skewed towards spending cuts and more geared towards tax increases than we anticipated," analysts at Goldman Sachs said in a note Friday. French Minister for the Economy, Finance and Industry Antoine Armand arrives at the Elysee presidential palace to attend the weekly cabinet meeting, during which France's 2025 budget was presented, on October 10, 2024 in Paris.

Persons: Camatte, CNBC's, Michel Barnier, Barnier, Goldman Sachs, Industry Antoine Armand, Ludovic Marin, Erik, Jan van Harn Organizations: Union, Goldman, Economy, Finance, Industry, Afp, Getty, CNBC, Rabobank Locations: France, Belgium, Natixis, Paris, Europe

☆ UK economy grows 0.2% in August, in line with expectations
▼ + stars: | 2024-10-11 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

LONDON — The U.K. economy grew 0.2% in August on a month-on-month basis, flash figures published by the Office for National Statistics showed Friday. Gross domestic product (GDP) came in line with the expectations of economists polled by Reuters, who had forecast growth of 0.2%. Britain's economic growth was up 0.2% in the three months to August, compared with the 0.5% recorded in the three months to July. Finance Minister Rachel Reeves welcomed the data, saying returning the economy to growth is the government's "number one priority." "With interest rates beginning to fall, the responsibility has shifted from the Bank of England to Rachel Reeves, who must now make critical fiscal decisions.

Persons: Rachel Reeves, Reeves, Lindsay James Organizations: Office, National Statistics, Gross, Reuters, Labour, Conservative, Quilter Investors, Bank of Locations: Britain

☆ Here are Friday's biggest analyst calls: Nvidia, Tesla, Ferrari, Meta, Amazon, Eli Lilly, Walmart, Uber & more
▼ + stars: | 2024-10-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Goldman Sachs reiterates Nvidia as buy Goldman raised its price target to $150 per share from $135 following a series of Nvidia management meetings. Morgan Stanley names Atlassian a top pick Morgan Stanley named Atlassian a top idea and says the software company is well positioned for share gains. Morgan Stanley reiterates Eli Lilly as overweight Morgan Stanley raised its price target on the stock to $1,158 per share from $1,106. JPMorgan reiterates Amazon, Uber and Meta as top picks JPMorgan said in a note on Friday that Amazon, Uber and Meta were the firm's top three picks heading into earnings. JPMorgan upgrades Ferrari to overweight from neutral The firm says it's more constructive on the luxury automaker following a series of management meetings.

Persons: Wells, Redburn, Mercado, Morgan Stanley downgrades Qorvo, Morgan Stanley, Goldman Sachs, Goldman, Jensen Huang, Colette Kress, Stewart Stecker, Atlassian, Eli Lilly, LLY, Mizuho downgrades Mobileye, Kinder Morgan, it's bullish, Benedetto Vigna, Investor Relations Aldo Benetti, Tesla, Guggenheim Organizations: Bank of America, Broadcom, TAM, UBS, Devices, Mercado Libre, Nvidia, Pharma, Mizuho, JPMorgan, Meta, of America, Ferrari, Investor Relations, Netflix, Guggenheim, Walmart Locations: America, OW, China

☆ AMD launches AI chip to rival Nvidia's Blackwell
▼ + stars: | 2024-10-10 | by ( Kif Leswing | ) www.nbcnews.com time to read: +5 min

AMD launched a new artificial-intelligence chip on Thursday that is taking direct aim at Nvidia’s data center graphics processors, known as GPUs. In the past few years, Nvidia has dominated the majority of the data center GPU market, but AMD is historically in second place. The new AI chip is the successor to the MI300X, which started shipping late last year. Most industry estimates say Nvidia has over 90% of the market for data center AI chips. The new CPUs are particularly good for feeding data into AI workloads, AMD said.

Persons: Lisa Su, Nvidia’s, ”, Su, That’s, ” Su Organizations: AMD, Nvidia, Meta, Microsoft, Blackwell, Intel, workloads

☆ CNBC Daily Open: Don't ignore the risks as a dovish Fed drives markets
▼ + stars: | 2024-10-10 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Valerie Plesch | Picture Alliance | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Sentiment in markets, it seems, was buoyed by encouraging comments from the Fed. The Fed, in other words, is keeping a close eye on the economy and wants to make sure it maintains its smooth landing. It's as if Stephen Sondheim's musical "Into the woods to get the money," markets are merrily singing.

Persons: Valerie Plesch, Gregory Daco, Goldman Sachs, Stephen Suttmeier, Philip Jefferson reemphasized, we're, Mike Bailey, Stephen Sondheim's, Jeff Cox, Samantha Subin, Sarah Min Organizations: Federal Reserve, Getty, CNBC, Brent, Bank of America, Dow Jones Industrial, Nasdaq, Apple, Micro Computer, Fed, FBB Capital Partners Locations: USA, Washington, Florida, U.S, Israel

☆ Fact check: Trump, on a lying spree, made at least 40 separate false claims in two Pennsylvania speeches
▼ + stars: | 2024-10-10 | by ( Daniel Dale | ) edition.cnn.com time to read: +24 min

As Election Day draws nearer, the Republican presidential nominee has made false claim after false claim on a dizzying variety of subjects. FEMA and migrants: Trump falsely claimed of the Federal Emergency Management Agency: “They have no money. Trump’s opponents and the election: In Reading, Trump falsely claimed of his election opponents: “They are cheatin’ dogs, I will tell you that.” In Scranton, he falsely claimed, “Their first meeting is: ‘How do we cheat?’” This is all nonsense. Trump’s border wall: Trump repeated his false claim that “I built over 500 miles of wall” on the southern border. Military equipment surrendered to the Taliban: Trump repeated his false claim that “we gave $85 billion worth” of US military equipment to the Taliban.

Persons: Donald Trump, Hurricane Helene, Hurricane Milton, Trump, “, Harris, Kamala Harris “ didn’t, It’s, Biden, Roy Cooper, Joe Biden, ’, ”, Harris ’, ” Trump, Walz, Tim Walz, –, Tim, “ everybody’s, Trump’s, Obama, Kamala, ” Harris, ” Roberto Briceño, ” Helen Fair, James Ott, ‘, ‘ That’s, Jack Smith, Smith, New York Times “, Charlie Stadtlander, Stadtlander, Mueller, ‘ He’s, ’ …, Dean Baquet, Arthur Sulzberger Jr, Donald Trump’s, “ Biden, Chris Wallace, Hunter Biden, ” Wallace, Wallace interjected, Freddie Mac, ” We’ve, Meghan McCain, McCain, Alexandria Ocasio, Cortez, Nancy Pelosi, there’s, ” Biden, Robert Hur, Biden’s Organizations: Washington CNN, Republican, FEMA, Federal Emergency Management Agency, Congress, North Carolina Gov, Democrat, Democratic, CBS, Supreme, Minnesota Gov, Electoral College, Department of Energy, Biden, “, CNN, Venezuelan, of, Institute for Crime & Justice, Research, Birkbeck , University of London, House Republicans, Trump, KDKA, Service, Secret Service, International Association of Firefighters, Scranton Firefighters, Scranton Times, Tribune, Presidential, National Archives, Records Administration, New York Times, The Washington Post, ”, Intelligence, The New York Times, Times, ISIS, Military, Taliban, Pentagon, Fox News, China Locations: Pennsylvania, Scranton, Reading, ”, Hurricane, North Carolina, Washington , Montana, Colorado, New York City, Paris, fracking, Venezuela, Caracas, United States, United Kingdom, “, California, Butler, Butler , Pennsylvania, Pittsburgh, Blair County , Pennsylvania, Russia, Afghan, China, Moscow, Alexandria, New Hampshire, Florida

☆ Here are Thursday's biggest analyst calls: Nvidia, Microsoft, Netflix, CVS, Honeywell, Nike, AIG, Sunnova & more
▼ + stars: | 2024-10-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +14 min

Barclays upgrades CVS to overweight from equal weight Barclays said the stock is a "new margin story." JPMorgan downgrades Honeywell to neutral from overweight JPMorgan said it's downgrading the stock after 15 years with an overweight rating. UBS upgrades Tronox to buy from neutral UBS said it's bullish on the chemical manufacturer. "We upgrade shares of EVGO from Neutral to Buy, following the $1.05bn DOE loan conditional commitment announced last week. "Our bullish view of AIG reflects its outsized EPS growth, lower exposure to risks facing commercial lines carriers (casualty reserves and higher cat loads), high capital flexibility, and attractive valuation."

Persons: Morgan Stanley, Goldman Sachs, Goldman, it's bullish, Jefferies, TD Cowen downgrades, Cowen, Bernstein, Brinker, Kevin Hochman, Truist, it's, BIRK, Cantor Fitzgerald, Mara, Cantor, MARA, Wolfe, Google's, Satya Nadella, Lucas Jackson Organizations: Nvidia, Netflix, Barclays, JPMorgan, Honeywell, Microsoft, UBS, TD Cowen downgrades Pepsi, U.S, Department of Energy, DOE, RBC, PayPal, Cirrus, Bank of America, underperform Bank of America, Nike, Mara Holdings, AIG, DOJ, Google, Reuters Locations: EVGO, EAT's, LHX, New York City

☆ Stock market today: Indexes decline after inflation comes in hotter than expected
▼ + stars: | 2024-10-10 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Indexes dipped Thursday as investors took in hotter-than-expected inflation data. Traders see the latest data solidifying odds of a 25 basis point rate cut next month. AdvertisementUS stocks edged lower on Thursday as investors took in slightly hotter-than-expected inflation data after last week's blockbuster jobs report. The core CPI reading, which excludes food and energy costs, came in at 3.3% year-over-year, slightly above forecasts of 3.2% and 0.3% higher than the August reading. JPMorgan's top strategist, one of Wall Street's biggest bears, is turning upbeat on the stock market for the first time in two years.

Persons: —, Milton, Bill Gross Organizations: Traders, Service, CPI, Federal Reserve, JPMorgan, Labor Department, FEMA, Hurricanes Locations: Here's

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Persons: you'd, Hannah Van, Sickle, Hannah, Read, Evelyn Organizations: Mutual, Business, Omaha Life Insurance, Nebraska's Creighton University, Fortune, Insurance, Omaha Life, Get, Policygenius, Cons Mutual, Express, Omaha Universal Life, Life Insurance, Better, National Association of Insurance, Farm, Nationwide, York, York Life, New York Life, Plus, New York, . Northwestern Mutual Northwestern Mutual Life Insurance, Northwestern Mutual, Globe, Globe Life, Life, Chevron, Omaha, Berkshire, Berkshire Edge, Personal Finance Locations: Omaha, New, New York, York, Chevron, CA, LA, NH, NY, NC, WI, Berkshires, Massachusetts, Refinery29

☆ Stephen from 'Love Is Blind' is posting through his 'villain arc' after his scandal in the latest episodes
▼ + stars: | 2024-10-10 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +9 min

AdvertisementStephen tells Monica early on that he cheated in a prior relationshipStephen on "Love Is Blind" season 7. On that same date, he also tells Monica that he recently learned he had West African ancestry, not Italian as he previously thought. When Monica tells him that she had seen texts from the day of their conversation, he says he didn't remember sending them. After Stephen tells Monica he'll leave, Monica asks him to send her the money she spent to front their expenses. After the episodes premiered, Stephen posted several memes on his Instagram story about entering a "villain arc" on the show.

Persons: Monica, Stephen, —, Leo, Brittany, he's, Netflix Stephen, Donald Trump, Hillary Clinton, Trump's, Joe Biden, Netflix Monica, It's, Taylor, Stephen debrief, Monica he'll, shouldn't, Garrett, Stephen doesn't, we're Organizations: Netflix, Service, Honduran Locations: Mexico, Instagram

The financial firm upgraded the athletic apparel stock to a buy rating from hold and raised its price target to $97 from $83. — Lisa Kailai Han 6:48 a.m.: Goldman Sachs trims Microsoft price target Goldman Sachs is still bullish shares of Microsoft , despite a minor price target adjustment. However, she accompanied the move by lifting her price target to $80 from $75. Analyst Andrew Mok accompanied the rating change by lifting his price target to $82 from $63. To be sure, he did raise his price target by $10 to $235, implying upside of nearly 10%.

Persons: Joseph Civello, Civello, Caitlin Clark, Lisa Kailai Han, Goldman Sachs, Kash Rangan, Rangan, Bernstein, Harshita Rawat, Venmo, Cash, Rawat, — Lisa Kailai Han, Shagun Singh, Singh, Medtronic, Andrew Mok, Mok, Stephen Tusa, Tusa, divestitures, YTD, Fred Imbert Organizations: CNBC, Barclays, JPMorgan, Honeywell International, Nike, Microsoft, PayPal, RBC, RBC Capital Markets, CVS, Aetna, Honeywell, Dow Jones Industrial Locations: buybacks, Wednesday's

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