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☆ Here are our trades of the week and what's ahead for this overbought market
▼ + stars: | 2024-09-27 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

Mixed market : The S & P 500 spent Friday's session mostly unchanged as it tried for a fourth record close this week. Still frothy : The S & P Short Range Oscillator pulled back from Tuesday's most overbought reading since August. Month to date, consumer discretionary, utilities, and materials were the best-performing S & P 500 sectors. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, he's, Vimal Kapur, Jim Cramer's, Jim, Spencer Platt Organizations: CNBC, GE Healthcare, Honeywell, Constellation Brands, Jim Cramer's Charitable, New York Stock Exchange, Getty Locations: Tuesday's, New York City

Deutsche Bank reinstated Dell Technologies as a buy, calling for nearly 14% upside. 7:04 a.m.: Citi says Walmart remains a top pick, hikes price target Walmart is poised for more growth ahead, according to Citi. The firm upgraded the stock to overweight from neutral and raised its price target by $66 to $395. WYNN mountain 2024-08-30 WYNN month to date — Sean Conlon 5:49 a.m.: Deutsche Bank reinstates Dell Technologies as buy The stars are aligning for Dell Technologies , according to Deutsche Bank. Analyst Matt Niknam resumed coverage of the PC maker with a buy rating and a price target of $144, which implies upside of nearly 14%.

Persons: Morgan Stanley, Paul Lejuez, — Sean Conlon, Piper Sandler, Accenture Piper Sandler, Arvind Ramnani, GenAI, Ramnani, Sean Conlon, Bumble, Justin Patterson, Patterson, Stephen Grambling, WYNN's, they've, Matt Niknam, Niknam, DELL, Fred Imbert Organizations: CNBC, Deutsche Bank, Dell Technologies, Wynn Resorts, Citi, Walmart, Accenture, Markets, Wynn, Las, MGM Resorts, Caesars Entertainment, Deutsche Bank reinstates Dell Technologies, DELL, Dell Locations: Grambling, UAE, WYNN

☆ French tycoon gains $17 billion from China’s economic stimulus push
▼ + stars: | 2024-09-27 | by ( Juliana Liu | ) edition.cnn.com time to read: +4 min

But by the end of the day, his net worth jumped by $17 billion to $201 billion, the index reported, calling it his third-biggest daily increase ever. That market, which accounted for 31% of total revenue last year, is dominated by China. Hong Kong’s benchmark Hang Seng index has added just over 12% so far this week, while mainland China’s blue-chip CSI300 has gained more than 15%. However, experts urged investors to be cautious as officials must still come up with ways of stabilizing the property market, which once accounted for as much as 30% of economic activity. It began to cool in 2019 and fell into a deep trough about two years later, after a government-led clampdown on developers’ borrowing.

Persons: Bernard Arnault isn’t, Arnault, LVMH, “, Nomura, Xi Jinping, Pan Gongsheng, Pan Organizations: Hong Kong CNN, LVMH, Bloomberg, Markets, People’s Bank of China Locations: China, Hong Kong, LVMH, Paris, Asia, “ Beijing

☆ French inflation cools more than expected in September as energy prices, transport costs decline
▼ + stars: | 2024-09-27 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

France's harmonized inflation rate fell sharply in September, preliminary data from the National Institute of Statistics and Economic Studies (Insee) showed Friday. Harmonized consumer prices in the euro zone's second-largest economy came in at 1.5% in September, down from 2.2% in August. The Harmonized Index of Consumer Prices (HICP) is adjusted for comparison with other euro zone countries. Altogether, Insee said that the September drop in consumer prices represents the sharpest monthly fall since 1990. Tobacco prices were expected to be virtually unchanged in September, compared to the previous month, Insee said.

Organizations: Eiffel, Paris, National Institute of Statistics, Economic Studies, Consumer, Reuters, European Central Bank, ECB, France's, Index, Olympic, Paralympic Games Locations: Paris, London

☆ Proto’s hologram boxes can beam ‘3D’ video into your living room
▼ + stars: | 2024-09-27 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +6 min

CNN —Billing itself as the world’s “first holographic communications platform,” US startup Proto is beaming life-size, “3D” video into universities, hotels and medical centers. The boxes can reproduce pre-recorded video as well as a live feed, and any 4K camera, including an iPhone, can be used as the source. Nussbaum, whose background is in radio and podcasting, started Proto in 2018. In 2023, video of actor William Shatner was beamed from Los Angeles to the Advertising Week APAC event in Sydney, Australia. A similar technology launched by Dutch company Holoconnects has been deployed at hotels in Scandinavia, and used for advertising by BMW.

Persons: CNN —, —, William Shatner, ”, David Nussbaum, Nussbaum, Holoconnects, Gary Burnett, Proto, Clay Jackson, Crystal Freeman, “ Organizations: CNN, Inc, Amazon, Verizon, Siemens, Accenture, Walmart, NFL, JFK, Beverly Wilshire, BMW, Google, HP, Cisco, MIT, Vanderbilt, Stanford, University of Loughborough, Loughborough University, West Cancer Center, University of Tennessee College of Medicine Locations: Los Angeles, Orlando , Florida, Sydney, Australia, New, Beverly Hills , California, Scandinavia, Webex, Central Florida, Memphis , Tennessee, New Jersey

☆ For Wall Street deal makers, the billion-dollar bangers are back
▼ + stars: | 2024-09-27 | by ( Jeffrey Cane | ) www.businessinsider.com time to read: +4 min

Deals valued at $1 billion-plus worldwide are up 22% from a year ago, LSEG data shows. Wall Street executives have been bullish about the burgeoning pipeline for deals. AdvertisementFor Wall Street deal makers, the billion-dollar bangers are back. So what has revived what Wall Street refers to as the "animal spirits," at least when it comes to bigger targets? Other Wall Street bank chieftains, like Ted Pick of Morgan Stanley and Peter Orszag of Lazard, have been bullish about the M&A pipeline.

Persons: —, Mars, David Solomon, Goldman Sachs, Solomon, we've, AlphaSense, Ted Pick, Morgan Stanley, Peter Orszag, Hernan Cristerna Organizations: Verizon, Qualcomm, Wall Street, Service, Paramount Global, CBS, Nickelodeon, Verizon Communications, Frontier Communications, Intel, Wall, Lazard, KPMG, Bloomberg Locations: Ukraine

☆ I left Goldman Sachs to plan weddings for the ultra-rich. I do 4 key things to keep my clients — and their families — happy.
▼ + stars: | 2024-09-27 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +6 min

Lelian Chew is the founder of The Atelier & Co, a Singapore-based luxury wedding planning company. I spent a decade at Goldman Sachs, working in Singapore and Hong Kong managing key relationships by flying to a different Chinese city each day. English wasn't his first language, so he misunderstood and thought I was starting a wedding planning business. He immediately asked me to help plan his son's wedding, insisting I take a look since I knew the family well. Many of our elder clients want to see their grandchildren uphold customs they cherish, like family crests and cultural elements.

Persons: Chew, Chew doesn't, —, Lelian Chew, Goldman Sachs, I, Lelian, it's Organizations: Service Locations: Singapore, Hong Kong, Indonesia, Maldives

☆ UK PM Keir Starmer touts pro-business agenda as he woos top Wall Street CEOs
▼ + stars: | 2024-09-27 | by ( Jacqueline Corba | ) www.cnbc.com time to read: +1 min

The United Kingdom is pursuing investment from America's biggest banks and tech giants, as the country looks to infuse growth in its stagnant economy. "We now have a Labour government whose number one priority is wealth creation," U.K. Prime Minister Keir Starmer told CNBC's Andrew Ross Sorkin in an exclusive broadcast interview Thursday. "We are a Labour party that is proud to say we are pro business just as much as we are pro worker." In July, Starmer became the first leader from the center-left Labour party to win a U.K. national election since Tony Blair — ending 14 years of Conservative rule. This week, Blackstone committed to investing $13 billion to build a data center in the northeast of England.

Persons: Keir Starmer, CNBC's Andrew Ross Sorkin, Starmer, Tony Blair —, Brian Moynihan, Jane Fraser, Larry Fink, Brad Smith, Jonathan Gray, Blackstone Organizations: Labour, Conservative, United Nations General Assembly, Bank of America, Citi, BlackRock, Microsoft, Blackstone Locations: Kingdom, New York City, England, Europe

☆ 4 steps workers should take when their companies announce 5-day RTO, according to an employment lawyer
▼ + stars: | 2024-09-27 | by ( Jane Zhang | ) www.businessinsider.com time to read: +8 min

Companies requiring 5-day RTO will lose valuable employees, says Craig Levey, an employment lawyer. Levey lays out four steps employees can take if their company announces an RTO policy. Here are the steps I'd take if a client came to me about their company switching to a five-day RTO policy:1. Related storiesWell-written employment agreements will include a clause providing the employer with the flexibility the amend any and all terms. But if you have some leverage, you can negotiate into your employment agreement that you're going to be working remote or hybrid.

Persons: Craig Levey, Levey, —, doesn't, you've, they'll, haven't, Jane Zhang Organizations: Service, Bennett, Belfort, Starbucks, Disabilities, Opportunity Commission Locations: P.C, Cambridge , Massachusetts, Newport, Seattle

☆ These are September’s top-performing S&P 500 stocks. Where analysts see them going next
▼ + stars: | 2024-09-27 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Most analysts think that September's top-performing stocks could continue their ascent. September is a traditionally dicey for stocks: It's the worst month of the year for the S & P 500 , according to the Stock Trader's Almanac . With October right around the corner, CNBC Pro used FactSet data to screen for this month's top-performing stocks in the S & P 500 and find out where analysts see them going next. Constellation Energy is up more than 30% on the month, making it September's second-highest performer in the S & P 500. Power company Vistra has surged nearly 196% in 2024, and it's the top performer in the S & P 500 this month.

Persons: Morgan Stanley, David Arcaro, Vistra, Jefferies, Julien Dumoulin, Smith, Raymond James, Brian Gesuale Organizations: Federal, Dow Jones, CNBC Pro, Analysts, Constellation Energy, Microsoft, Constellation, Energy, Software, Palantir Technologies, Oracle, Delta Air Lines Locations: Thursday's

☆ Israel says it struck Hezbollah’s headquarters as huge explosions rocked Beirut
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: +3 min

The strike in the Beirut suburb of Dahiyeh came shortly after Israeli Prime Minister Benjamin Netanyahu addressed the U.N., vowing that Israel's campaign against Hezbollah would continue. The Israeli army spokesman, Rear Adm. Daniel Hagari, said it targeted the main Hezbollah headquarters, located beneath residential buildings. Hezbollah's Al-Manar TV said four buildings were reduced to rubble in the blast, so powerful it rattled windows and shook houses some 30 kilometers north of Beirut. Israel has moved thousands of troops toward the border in preparation. At the U.N., Netanyahu vowed to "continue degrading Hezbollah" until Israel achieves its goals, further dimming hopes for an internationally backed cease-fire.

Persons: Benjamin Netanyahu, Daniel Hagari, Hezbollah's, Netanyahu, Firass Abiad Organizations: Hezbollah, Hamas Locations: Beirut, Dahiyeh, Lebanese, Lebanon, Israel, Gaza, Israel's, Sidon, Nabatiyeh, Tiberias

☆ I spent 3 years trying to gain my boyfriend's trust after I cheated on him. What I really needed to do was forgive myself.
▼ + stars: | 2024-09-27 | by ( Nicola Prentis | ) www.businessinsider.com time to read: +5 min

She spent three years trying to earn back his trust and forgiveness but it didn't work. Grohl said, "I am doing everything I can to regain their trust and earn their forgiveness." I spent three years trying to do that and it cost me entire sense of self until I finally forgave myself. The dramatic weight loss at least offered another way to maybe earn forgiveness because he had always liked thin girls. I'd wake up panicking that I'd cheated again without meaning to.

Persons: Nicola Prentis, —, Dave Grohl's, Grohl, I'd, I, Nicol Organizations: Service Locations: Istanbul, Madrid

☆ Maggie Smith, 2-time Oscar winner and 'Harry Potter' star, dead at 89
▼ + stars: | 2024-09-27 | by ( Grace Eliza Goodwin | Palmer Haasch | ) www.businessinsider.com time to read: +4 min

Smith was well known for roles in the television series "Downton Abbey" and the "Harry Potter" films. Smith later became well known for her role as Professor Minerva McGonagall in the "Harry Potter" films, a role she said helped her bond with her grandchildren. Related storiesBut her most prolific TV role was as Violet Crawley on "Downton Abbey," which earned her three Emmy awards. The series ran for six seasons, and Smith returned for two subsequent "Downton Abbey" films, which were released in 2019 and 2022. She was later diagnosed with breast cancer in 2007 and went through chemotherapy while filming "Harry Potter and the Half-Blood Prince."

Persons: Dame Maggie Smith, Tony, Oscar, Smith, Downton, Harry Potter, —, Maggie Smith, Toby Stephens, Chris Larkin, Miss Jean Brodie, Minerva McGonagall, Delahunty, Violet Crawley, dames Judi Dench, Eileen Atkins, Joan Plowright, Sir Christopher Hampton's, Brunhilde Pomsel, Propaganda Joseph Goebbels, Graves, Prince, Sir Robert Stephens, Stephens, Alan Beverley Cross, Anjelica Oswald Organizations: Service, Business, Oxford Playhouse, Broadway, British Academy of Film, Television Arts, HBO, dames, Nazi Locations: British, Umbria, Nazi Germany

See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Mortgage Refinance Rates? See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are hovering around 5.80%, according to Zillow 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.

Persons: they've, Lawrence Yun, Freddie Mac, it's, Fannie Mae Organizations: Federal, National Association of Realtors, Zillow, Fed, Mortgage, Association, ARM, . Government Locations: Chevron, Government

☆ Maggie Smith, Oscar-winning actor known from Harry Potter and 'Downton Abbey,' has died at age 89
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: +5 min

Actress Dame Maggie Smith arrives at the Royal Film Performance and World Premiere of the film, "The Second Best Exotic Marigold Hotel", at Leicester Square, London February 17, 2015. Smith's sons, Chris Larkin and Toby Stephens, said in a statement that Smith died early Friday in a London hospital. You have to get up very, very early in the morning to outwit Maggie Smith." "Jean Brodie," in which she played a dangerously charismatic Edinburgh schoolteacher, brought her the Academy Award for best actress, and the British Academy Film Award (BAFTA) as well in 1969. English actress Maggie Smith, UK, 8th March 1974.

Persons: Dame Maggie Smith, Peter Nicholls, Maggie Smith, Miss Jean Brodie, dowager Countess of Grantham, Minerva McGonagall, Harry Potter, Smith's, Chris Larkin, Toby Stephens, Smith, Clair Dobbs, Vanessa Redgrave, Judi Dench, Smith drily, McGonagall, Richard Eyre, I've, Jean Brodie, Oscar, Judith Hearne, Mussolini, Tony, " Smith, Richard Burton, Peter Hall, Frank Rich, Coward, Wilde, Noel Coward's, It's, Margaret Natalie Smith, one's, Maggie, Margaret Smith, Laurence Olivier, Joyce Redman, Emilia, Desdemona, Stuart Burge's, Shakespeare's Organizations: Leicester Square, British Academy Film Award, Vaudeville Theatre, Getty, Golden Globes, Globe, New York Times, Oxford Playhouse School, National Theatre, Shepperton Studios, Moviepix Locations: Leicester, London, Downton, British, Edinburgh, Hay, Ilford, Oxford, Surrey

☆ Dramatic video shows US Coast Guard rescue a man and his dog after their boat started sinking during Hurricane Helene
▼ + stars: | 2024-09-27 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

New footage shows the US Coast Guard rescuing a man and his dog in the Gulf of Mexico. The man's vessel became disabled and started taking on water during Hurricane Helene. AdvertisementA dramatic new video shows the US Coast Guard rescuing a man and his dog in the Gulf of Mexico on Thursday after their boat started sinking during Hurricane Helene. Kellerman, AirSta Clearwater pic.twitter.com/3ehoIVqlLj — USCGSoutheast (@USCGSoutheast) September 27, 2024It is unclear how long the man and his dog were at sea. AdvertisementIt is not uncommon for the Coast Guard to carry out rescue missions during hurricanes, but each case is treated differently.

Persons: Hurricane Helene, —, Helene, e, m. Organizations: US Coast Guard, Service, Coast Guard, Sikorsky MH, USCG, Southwest Florida International, EMS Locations: Gulf of Mexico, Hurricane

☆ Is Mark Zuckerberg still obsessed with efficiency? Check Meta's WiFi password.
▼ + stars: | 2024-09-27 | by ( Alistair Barr | ) www.businessinsider.com time to read: +2 min

The social-media giant held its big Meta Connect conference in Silicon Valley this week. Mark Zuckerberg is spending heavily on AI and AR technology. That effort continued into 2024 as the Meta CEO whittled down VP ranks and took more cost-cutting steps. Tech reporter Pranav Dixit attended and noticed that the WiFi password for the event was "effici3ncy." A post on Threads Pranav Dixit/ThreadsDixit posted about this on Threads and Zuckerberg liked the post.

Persons: Mark Zuckerberg, —, Mark Zuckerberg's, bender, Zuckerberg, Pranav Dixit, Dixit, Mark Zuckerberg Pranav Dixit, Meta, didn't Organizations: Meta, Service, OpenAI, Microsoft, Google, Meta Connect, Silicon Valley . Tech Locations: Silicon, Silicon Valley

☆ Maggie Smith, beloved ‘Downton Abbey’ and ‘Harry Potter’ star, dead at 89
▼ + stars: | 2024-09-27 | by ( Hilary Clarke | Caitlin Danaher | ) edition.cnn.com time to read: +4 min

CNN —Dame Maggie Smith, one of Britain’s best-known actresses whose long career ranged from starring opposite Laurence Olivier in “Othello” on stage and screen, to roles in “Harry Potter” and “Downton Abbey,” has died, her sons announced in a statement shared by their publicist Clair Dobbs. “It is with great sadness we have to announce the death of Dame Maggie Smith. Everett CollectionSmith was made a Dame Commander of the Order of the British Empire in 1990, and from then on was widely known as Dame Maggie Smith. She came to the notice of younger viewers as the strict but fair witchcraft teacher Minerva McGonagall in “Harry Potter and the Sorcerer’s Stone” (2001), also appearing in several “Harry Potter” sequels. In her later years, Smith became a role model for ageing gracefully, a process she handled with her customary charm and wit.

Persons: Maggie Smith, Laurence Olivier, “, ”, “ Harry Potter ”, Downton, Clair Dobbs, Dame Maggie Smith, ” Smith, Smith, William Shakespeare’s “, Olivier’s, Miss Jean Brodie, Neil Simon’s, Judith Hearne, Dowager Countess, Everett, Mussolini, Franco Zeffirelli, Minerva McGonagall, “ Harry Potter, Harry Potter, Violet Crawley, Dowager, Robert Stephens –, –, Beverley Cross Organizations: CNN, Chelsea, Westminster Hospital, Oxford University, Oxford Playhouse School, Oxford University Dramatic Society, The Old, British, Acclaim, Atlantic Locations: Ilford, London, Oxford, “, ”, California, British, Florence, Italy, Grantham, “ Downton, Los Angeles

☆ Meet the brash lawyer that everyone from Eric Adams to Alec Baldwin and Elon Musk turns to in a crisis
▼ + stars: | 2024-09-27 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

Alex Spiro, a high-profile lawyer, is representing Mayor Eric Adams as he battles criminal charges. He's defended both Elon Musk and Alec Baldwin. The litigator is bringing his hard-charging tactics to the federal criminal case against New York City Mayor Eric Adams. The manslaughter case against Baldwin was shockingly dropped earlier this year after Spiro argued that prosecutors hid key evidence before trial. Read the full profile of Alex Spiro here.

Persons: Alex Spiro, Eric Adams, Spiro, He's, Elon Musk, Alec Baldwin, —, Adams —, Adams, Jack Newsham, who's, Jay, Robert Kraft, Thabo Sefolosha, he's, cocounsels, Baldwin, Newsham, Alex, Randy Zelin, Zelin Organizations: Elon, Business, Service, New York City, New York Police Department, Prosecutors, Turkish Airlines, BI, Harvard Law, New England Patriots, NBA, Cornell Law School Locations: New

☆ Stocks making the biggest moves premarket: Bristol-Myers Squibb, Costco, Super Micro Computer and more
▼ + stars: | 2024-09-27 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Costco Wholesale — The membership-only retailer saw shares dip about 1% after the company missed expectations for fiscal fourth-quarter revenue. Super Micro Computer — Shares of the artificial intelligence beneficiary slipped 2%, adding to their 12% loss in the previous session. The Wall Street Journal reported that the U.S. Justice Department had opened a probe on the company. Dollar General — Shares fell 2% after Citi downgraded Dollar General to sell from neutral, saying Walmart 's increasing dominance in retail, especially on pricing, has the dollar store "on the wrong side." HP Inc. — The tech hardware stock fell about 2% after a downgrade to neutral from buy at Bank of America.

Persons: Myers Squibb, Costco, Hindenburg, Morgan Stanley, —, KeyBanc, — CNBC's Hakyung Kim, Lisa Kailai Han, Yun Li, Sarah Min, Jesse Pound, Samantha Subin, Michelle Fox Organizations: Myers, U.S . Food, Drug Administration, Novo Nordisk —, JPMorgan, Costco Wholesale, Revenue, Street Journal, U.S . Justice Department, U.S . Securities, Exchange Commission, Wynn Resorts, Citi, Walmart, HP Inc, Bank of America, HP Locations: Bristol, U.S, Novo Nordisk — U.S, Danish

☆ Putin revises his nuclear doctrine, but have his red lines shifted?
▼ + stars: | 2024-09-27 | by ( Nathan Hodge | ) edition.cnn.com time to read: +5 min

This week, Putin once again rattled the arms-control world by revealing proposed changes to his country’s nuclear doctrine. “In the current version of Russia’s nuclear doctrine, there is no distinction between an aggression by nuclear- and non-nuclear-weapon state,” he wrote. “There are two noteworthy points of departure from the previous 2020 Russian military doctrine,” she wrote on X. “2020 doctrine allowed the use of NW [nuclear weapons] in response to conventional aggression that jeopardizes the very existence of the state. And the results of Zelensky’s visit to the US may soon tell us whether anyone in Washington is listening to Putin’s nuclear talk.

Persons: Vladimir Putin, Putin, Volodymyr Zelensky, Biden, Pavel Podvig, ”, ” Podvig, “, Mariana Budjeryn, Harvard Kennedy, Alexander Nemenov, Budjeryn, Kristin Ven Bruusgaard, ” It’s, Ven Bruusgaard Organizations: CNN, Kremlin, Council, Russian Federation, “, Harvard, Getty, Norwegian Intelligence School Locations: Ukraine, Russia, Moscow, Washington, USSR, United States, ” Moscow, AFP, Russian

☆ Stock market today: Dow hits record high, stocks notch 3-week win streak ahead of key jobs report
▼ + stars: | 2024-09-27 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

US stocks were mixed Friday, with the Dow closing at a record high while the S&P 500 and Nasdaq edged lower. All three major averages achieved a three-week win streak as investors cheer a resilient economy and cooling inflation. Investors await key jobs data next week, including the September jobs report on Friday morning. But the main event is next Friday, when the September jobs report is released. AdvertisementAccording to Interactive Brokers senior economist José Torres, the jobs report could have a big impact on the broader market.

Persons: —, Dow Jones, Clark Bellin, José Torres, Torres Organizations: Dow, Nasdaq, Service, Fed, Labor, Survey, ADP, Interactive Locations: Here's

☆ Asia-Pacific markets mostly gain as China stimulus measures come into effect; Hong Kong set to rise 3%
▼ + stars: | 2024-09-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Crimson clouds light up the skyline of Victoria Harbour on July 14, 2022 in Hong Kong, China. Asia-Pacific markets mostly rose Friday, with Chinese stocks likely set to cap off a week of gains on the back of Beijing's stimulus measures aimed at boosting the economy. The bank added that the weighted average deposit reserve ratio of financial institutions will be about 6.6% after this reduction. Tokyo's headline inflation rate eased to 2.2%, down from August's 2.6%. The core inflation rate — which strips out prices of fresh food — in the capital city came in at 2%, in line with expectations from economists polled by Reuters and down from 2.4% in August.

Organizations: People's Bank of China, Reuters Locations: Victoria Harbour, Hong Kong, China, Asia, Pacific, Tokyo, August's

☆ Photos show flooding and destruction as Hurricane Helene slams Florida, leaving over 2 million homes and businesses without power
▼ + stars: | 2024-09-27 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: 1 min

Hurricane Helene’s powerful storm surge flooded streets in coastal areas like St. Pete Beach. Vehicles drive along a flooded road as Hurricane Helene makes landfall in St. Pete Beach, Florida. Joe Raedle/Getty ImagesAt least one person was killed in Tampa after a sign fell on their car, Gov. "We know that travel on the roads can be hazardous, and we typically, unfortunately, will have fatalities in every storm from that," said Gov. "When Floridians wake up tomorrow morning, we're going to be waking up to a state where very likely there's been additional loss of life."

Persons: Pete Beach, Pete, Joe Raedle, DeSantis Organizations: Florida . Vehicles Locations: Florida, Hurricane, St, Pete Beach , Florida, Tampa

☆ Elon Musk's 'autocratic' style made SpaceX thrive — but his fixations could threaten its dominance, according to a new book
▼ + stars: | 2024-09-27 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +8 min

Elon Musk near a Falcon 9 rocket at SpaceX headquarters in Hawthorne, California in 2018. SpaceXSo much of the way SpaceX operates, as you tell it in the book, is Elon Musk's hands-on management and the way he pushes his workers. I don't think Elon does very well in those types of environments. I don't really understand the entire arc of his changing political views over the last decade. I don't think the regular person really understands what a technological leap Starship is.

Persons: Eric Berger, Elon Musk, Berger, —, Elon Musk's, Elon, David McNew, Jared Isaacman, it's, We've, What's, Obama, he's, Sarah Gillis, You've, you've Organizations: Business, Service, SpaceX, Falcon, Ars Technica, Tesla, Twitter, Elon, House, Polaris Dawn, Crew Locations: Hawthorne , California, United States, Russia

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