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☆ Here's where investors worried about a stock market bubble should put their money, according to a top economist
▼ + stars: | 2024-10-19 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Investors worried about a market correction should adjust their portfolios, David Rosenberg says. The top economist has warned stocks are in a bubble and at risk of a major decline. Investors need to exercise caution and avoid following the "herd mentality," Rosenberg said, pointing to the fervor for mega-cap tech stocks. Instead, he said, investors should focus on stocks with strong business models, strong growth, and good prices, and add some "insurance" to their portfolios. Most forecasters on Wall Street still expect a strong performance from equities into year-end and 2025.

Persons: David Rosenberg, —, who's, he's, Chuck Prince, Rosenberg, REITs, Goldman Sachs Organizations: Service, Rosenberg Research, Utilities, Aerospace, UBS, BMO, Deutsche Bank Locations: —

☆ Netflix earnings beat expectations. Here's what analysts are saying
▼ + stars: | 2024-10-18 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

Analysts are getting even more bullish on Netflix following its earnings beat for the third quarter . Here is what other firms are saying: Pivotal Research keeps buy rating on stock The firm raised its price target to $925, a Street high. Bernstein reiterates its market perform rating The firm increased its price target to $780 from $625. Bank of America reiterates its buy rating The bank increased its price target to $800 from $740. 3Q results were generally ahead (OI 5% higher) while commentary pointed to sustained double-digit revenue growth and margin expansion in 2025."

Persons: Doug Anmuth, Anmuth, Morgan Stanley, Benjamin Swinburne, Bernstein, Goldman Sachs, NFLX Organizations: Netflix, JPMorgan, WWE, NFL, of America, Gaming, UBS, 3Q

☆ Wall Street is trying to make AI search sexy
▼ + stars: | 2024-10-18 | by ( Bianca Chan | ) www.businessinsider.com time to read: +8 min

Finance firms and fintech startups are trying to use generative AI to improve search capabilities. Perfecting search, down the line, could lead to more automation and more complex generative AI tools. It has already onboarded some-25 Wall Street firms onto its generative AI platform. AdvertisementMeanwhile, two Stanford grads came together to build Mako, a generative AI associate for the private-equity industry. The search tool is the bank's second such generative AI tool, the first being a generative AI developer co-pilot that helps software engineers code more efficiently.

Persons: Goldman Sachs, Blackstone, —, Goldman hoovered, Neema Raphael, Raphael, it's, Morgan Stanley's, Keri Smith, Smith, Jeff McMillan, Gabe Stengel, Stanford grads, It's, Peter Anderson, Familiarizing, Goldman Organizations: Service, Bloomberg, Nasdaq, Goldman, Blackstone, Google, Bank of America's, Accenture, Stanford, Balyasny Asset Management Locations: Wall, OpenAI

☆ Taylor Swift is flexing her economic muscles again with the return of her tour and a new book
▼ + stars: | 2024-10-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, Taylor Swift has a new book coming out, but how she's doing it might create some bad blood with publishers . On Tuesday, Swift announced plans to self-publish "The Eras Tour Book," a behind-the-scenes look at her record-breaking tour that'll be released exclusively at Target on Black Friday. News of a Taylor Swift book should have sent a publisher jumping for joy at the potential revenue. AdvertisementBig stars like Swift are exactly who book publishers are banking on these days. But even so, Miami, New Orleans, and Indianapolis — her remaining US tour dates — won't mind Swift coming to town.

Persons: —, Meta, Taylor Swift, Chelsea Jia Feng, Taylor, Swift, Samantha Grindell, Madeline Berg, George Walker IV, we're, Natalie Ammari, it's, Goldman Sachs, Kalshi, Donald Trump, Trump, Blackstone, Jon Gray, Walid Berrazeg, It's, Lebaredian, Uber, Dara Khosrowshahi's, Tyler Le, Matt Garman, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Target, AP, Indianapolis, Super Bowl, UBS, Getty, Financial, Wall, Blackstone, Trump, Investors, Taiwan Semiconductor Manufacturing, TSMC, Optimus, Financial Times, Netflix, American Express Locations: Miami, Miami , New Orleans, Glendale , Arizona, Hsinchu, ASML, Texas, California, New York, London

☆ Investment banking has made a multibillion-dollar rebound, but it's too early to pop the Champagne
▼ + stars: | 2024-10-18 | by ( Hayley Cuccinello | Emmalyse Brownstein | ) www.businessinsider.com time to read: +7 min

Major banks like Goldman Sachs walloped Wall Street expectations thanks to dealmaking fees. Investment banking has made a comeback, and bigger bonuses are in the cards, too. The biggest banks on Wall Street reported a huge boost in dealmaking fees this quarter after a two-year slump. Investment bank revenue surged 30% on average at Goldman Sachs, JPMorgan, Bank of America, Citigroup, and Morgan Stanley, according to Wells Fargo analyst Mike Mayo. Morgan Stanley's investment bank revenue surged 56% year over year to $1.46 billion, beating Wall Street expectations.

Persons: Goldman Sachs, —, Morgan Stanley, Wells, Mike Mayo, Sharon Yeshaya, Morgan, Global's Nathan Stovall, corporates, Stovall, David Ellison's Skydance, JPMorgan's Jamie Dimon, David Solomon, Mayo, Cole Smead, There's, Jon Gray, anecdotally, Gray, David Stowell, Stowell, I'm, it's, Alan Johnson Organizations: Investment, Service, Wall, JPMorgan, Bank of America, Citigroup, Citi, Mars, Paramount, David Ellison's Skydance Media, Wall Street, Smead Capital Management, Blackstone, Kellogg School of Management, Northwestern University, underwriters, Johnson Associates Locations: Wells Fargo, Mayo

☆ Bank bosses aren't worried about lower interest rates — and even see some upside
▼ + stars: | 2024-10-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Wall Street's biggest banks face a less profitable lending environment as interest rates fall. Bank bosses shrugged off those concerns this week and pointed to several benefits of lower rates. AdvertisementLending threatens to become far less lucrative for Wall Street's biggest banks as interest rates fall. But he said the Fed's jumbo rate cut might have sparked more activity in debt capital markets recently. AdvertisementCEO David Solomon said the Fed's first rate cut has raised hopes of avoiding a US recession, which could translate into more economic activity.

Persons: shrugged, —, Alistair Borthwick, Banks, Jane Fraser, Fraser, Mark Mason, Wells, Charles Scharf, Wells Fargo, Morgan Stanley, Sharon Leshaya, Citi's Fraser, Jeremy Barnum, Barnum, Goldman Sachs, David Solomon, BoA, Goldman Organizations: Bank, Service, Wall, Federal Reserve, Bank of America, Citigroup, Citi Locations: refi

☆ Netflix earnings need to justify runup in stock. What analysts see for subscribers, ad tier
▼ + stars: | 2024-10-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Analysts surveyed by LSEG expect Netflix earnings to come in at $5.12 per share, while revenue should hit $9.769 billion. In the second quarter, Netflix earned $4.88 per share on $9.56 billion in revenue. Along with solid numbers for the quarter just ended, other analysts believe Netflix also has to raise prices to appease shareholders. Citigroup's Jason Bazinet says price hikes are warranted at Netflix due to strong engagement trends and competitors' own price increases. A ramping ad-tier Finally, Wall Street is keeping close watch on the advertising tier business Netflix rolled out in November 2022.

Persons: Evercore, Mark Mahaney, Citigroup's Jason Bazinet, Goldman Sachs, Eric Sheridan, Deutsche Bank's Bryan Kraft, Wells, Steven Cahall, Kannan Venkateshwar, NFLX, Alan Gould, Piper, Matt Farrell, Doug Anmuth, Morgan Stanley, Benjamin Swinburne, Alicia Reese Organizations: Netflix, Wall, LSEG, StreetAccount, Deutsche, Barclays, Wednesday's, JPMorgan

☆ ECB will cut rates in October but not to commit to a forward path: economist
▼ + stars: | 2024-10-17 | 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 EmailECB will cut rates in October but not commit to a forward path, Goldman economist saysJari Stehn, chief Europe economist at Goldman Sachs, discusses the European Central Bank's October meeting and the growth outlook for the euro area.

Persons: Goldman, Jari Stehn, Goldman Sachs Organizations: Central Locations: Europe

☆ China pledges more financial support for 'whitelist' real estate projects
▼ + stars: | 2024-10-17 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +4 min

China vowed more financial support for real estate projects that fall under its so-called whitelist and to speed up banks lending of 4 trillion yuan ($561.8 billion) for such projects, according to the nation's housing ministry. A total of 2.23 trillion yuan has been approved in loans to whitelisted developers, and that figure is expected to exceed 4 trillion yuan by the end of this year, according to a senior official from the financial regulator. Real estate was also the leading gainer in Mainland China's CSI 300, advancing by nearly 5%. Days later, officials in a top-level meeting, chaired by Chinese president Xi Jinping, pledged to "halt the real estate market decline and spur a stable recovery." More than 50 cities across China had introduced policies to boost the real estate market, according to Chinese state media citing the housing ministry.

Persons: Ni, HSMPI, Pan Gongsheng, Xi Jinping, Goldman Sachs, —, — CNBC's Evelyn Cheng Organizations: National Financial Regulatory Administration, Investors, China's Ministry of Finance, Mainland, China's CSI, People Bank of China, National Bureau, Statistics Locations: China, Beijing, China's, Guangzhou, Shanghai, Shenzhen

☆ Chinese robotaxi firm Pony AI files for U.S IPO
▼ + stars: | 2024-10-17 | by ( ) www.cnbc.com time to read: +2 min

Pony AI, in which Japan's Toyota owns a 13.4% stake, revealed that its revenue nearly doubled to $24.7 million in the first half of 2024. Net loss attributable to the company was $51.3 million in the same period, compared with $69.4 million last year. The number of Chinese companies that pursued stock market flotations in the U.S. dropped in the past few years after Beijing clamped down on offshore capital-raising in 2021. EV maker Zeekr's debut in May was the first big listing by a Chinese company in the U.S. since then. Pony AI has applied to list on the Nasdaq stock exchange under the ticker symbol "PONY."

Persons: Saudi Arabia's NEOM, BingEx, Goldman Sachs Organizations: Toyota, U.S . Federal Reserve, Japan's Toyota, Saudi Arabia's, Zeekr's, Nasdaq, BofA Securities, Deutsche Bank, Huatai Securities, Tiger, underwriters Locations: Beijing, China, U.S, Saudi

☆ Chip giant TSMC reports blockbuster results even as questions over AI mania loom
▼ + stars: | 2024-10-17 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

TSMC's growth was driven by strong demand for artificial intelligence technology. But the market is questioning whether the euphoria over AI and AI chips is sustainable. AdvertisementChip giant Taiwan Semiconductor Manufacturing Company just reported strong growth, thanks to continued enthusiasm for artificial intelligence — even amid persistent questions over the return on investment from the technology. The Taiwanese company's blockbuster results came after Dutch chip equipment maker ASML — a supplier to TSMC — reported guidance on Tuesday that disappointed investors and triggered a sell-off in chip stocks. But it doesn't mean AI demand is fizzling.

Persons: —, LSEG, TSMC —, Wei, Goldman Sachs, Christophe Fouquet, Roger Dassen, ASML, Dassen, Andy Li, Li Organizations: Taiwan Semiconductor Manufacturing Company, Service, Taiwan, Nvidia, New York Stock Exchange, ASML Locations: Taiwan, Dutch, China

☆ Morgan Stanley is about to report earnings — here's what to expect
▼ + stars: | 2024-10-16 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

In this articleTed Pick, CEO Morgan Stanley, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Morgan Stanley is set to report third-quarter earnings before the opening bell Wednesday. Here's what Wall Street expects:Earnings: $1.58 a share, according to LSEGRevenue: $14.41 billion, according to LSEGWealth management: $6.88 billion, according to StreetAccountTrading: Equities of $2.77 billion, Fixed Income of $1.85 billion, according to StreetAccountInvestment Banking: $1.36 billion, according to StreetAccountMorgan Stanley has several tailwinds in its favor. Finally, its Wall Street rivals have posted better-than-expected trading results, making it unlikely that the firm missed out on elevated activity. JPMorgan Chase , Goldman Sachs and Citigroup topped expectations, helped by better-than-expected revenue from trading or investment banking.

Persons: Ted Pick, Morgan Stanley, StreetAccount Morgan Stanley, JPMorgan Chase, Goldman Sachs Organizations: LSEG Revenue, Wealth, Investment, JPMorgan, Citigroup Locations: Davos, Switzerland

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Broadcom: Of course, we love the company's AI business — both its custom silicon solutions for companies such as Alphabet and its networking chips that help stitch data centers together. Stanley Black & Decker: Jim said that this stock is the "most significant beneficiary" from lower rates in the entire portfolio. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, there's, Lisa Su, Wells, Salesforce, CrowdStrike, it's, we've, Walt Disney, —, Eaton, we're, Kamala Harris, Harris, Jim's, Linde, Eli Lilly, Lilly isn't, That's, Morgan Stanley, Goldman Sachs, D.A, Satya Nadella's, Palo, cybersecurity, Brian Niccol, We're, Stanley Black, Decker, TJX, Charlie Scharf, Wells Fargo's, Jim Cramer, Angela Weiss Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple Intelligence, Abbott Laboratories, Devices, AMD, Nvidia, Broadcom, Apple, Federal Reserve, Costco Wholesale, Costco, Coterra, DuPont, Disney, ESPN, GE Healthcare, Democratic, Biden, Honeywell, Linde, Adobe, Microsoft, Davidson, Palo Alto Networks, Constellation Brands, Modelo, Corona, TJX, Jim Cramer's Charitable, New York Stock Exchange, AFP, Getty Locations: Wells Fargo, BlackRock, Dover, Eaton, China, U.S, Chipotle, New York City

☆ We're raising our Morgan Stanley price target after a post-earnings stock surge to record highs
▼ + stars: | 2024-10-16 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Morgan Stanley shares soared to all-time highs Wednesday after third-quarter beats on the bank's top and bottom lines, with strength seen across the board. MS YTD mountain Morgan Stanley YTD Club stock Morgan Stanley was up 7.5%. Morgan Stanley outpaced expectations in just about every aspect of each operating division and put up very strong quarterly results in terms of firmwide key performance indicators. Given its 15.1% CET1 ratio, Morgan Stanley has plenty of excess capital at its disposal to both continue investing in growth and return excess capital to shareholders. Morgan Stanley Why we own it : We own Morgan Stanley for the rebound taking place in IPO and M & A activity along with growth in wealth management, which provides more durable fee-based revenues.

Persons: Morgan Stanley, Wells Fargo, Morgan Stanley's, Sharon Yeshaya, Morgan Stanley repurchased, Goldman Sachs, Ted Pick, Morgan, Yeshaya, That's, Eaton Vance, Jim Cramer's, Jim Cramer, Jim, Bing Guan Organizations: Revenue, LSEG, Morgan Stanley YTD, Investment, Bloomberg, Institutional Securities, Bank of Japan, CNBC, Getty Locations: Wells Fargo

☆ These 5 portfolio stocks outperformed the market's incredible run since our September Monthly Meeting
▼ + stars: | 2024-10-16 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

We did hold onto our rate-sensitive names like Wells Fargo and Morgan Stanley , which were among the best performers since the last Monthly Meeting. Morgan Stanley: 16.2% Following the Fed's decision, shares advanced as investors became more optimistic about a soft landing for the U.S. economy. Morgan Stanley benefits from lower rates — and, in turn, a better economy — because it can usher in more Wall Street dealmaking such as initial public offerings and mergers and acquisitions. That's because the Club has been debating exiting Morgan Stanley altogether for a potentially better investment banking rebound play like Goldman Sachs. Morgan Stanley reiterated its buy-equivalent rating on Oct. 10, arguing that Eaton has a positive setup into earnings season.

Persons: It's, Wells, Morgan Stanley, Morgan, Goldman Sachs, Morgan Stanley's, Salesforce, Marc Benioff, Piper Sandler, Guggenheim, Meta, Eaton, Jim Cramer's, Jim Cramer, Jim, Angela Weiss Organizations: Dow Jones Industrial, Dow, Procter, Gamble, Meta, Fed, Northland Capital Markets, UBS, Citigroup, Analysts, JPMorgan, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: U.S, Wells Fargo, Salesforce, Eaton, Tuesday's, Northland

☆ Goldman says these stocks could see a 'short squeeze' relief rally this earnings season
▼ + stars: | 2024-10-16 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Buyers purchase call options when they expect a stock's price to move higher. He set a Wall Street-high price target at $38, which implies 31.7% upside over Tuesday's close. Further down the list, Royal Caribbean carried a 4.9% short interest share compared with the float. RCL NCLH,CCL YTD mountain Royal Caribbean vs. Norwegian and Carnival, year to date CrowdStrike also made the cut with a 4.4% short-interest-to-float rate. The average price target reflects the potential for shares to add more than 7% in the year ahead.

Persons: Goldman Sachs, John Marshall, Goldman, Marshall, TD Cowen, William Kerr, LSEG, Morgan Stanley, Jamie Rollo, NCLH, CrowdStrike Organizations: Goldman, Industry, Royal Locations: Royal Caribbean, Miami

☆ An incoming 'M&A supercycle' wouldn't just be a win for dealmakers
▼ + stars: | 2024-10-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, Goldman Sachs' earnings result might be a sign of the long-awaited return of M&A . The big storyM&A for allWin McNamee/Getty ImagesDon't look now, but M&A might finally be coming back. Goldman Sachs, Wall Street's perennial M&A king, smashed analysts' third-quarter expectations , notching $3 billion in profits. One analyst took things a step further, floating the idea of an "M&A supercycle" once the money that's been sitting on the sidelines finally gets put to work.

Persons: —, Goldman Sachs, Win McNamee, Insider's Reed Alexander, David Solomon, that's, Jenny Chang, Rodriguez, Mariana Bazo, Tyler Le, TSMC, Biden, Donald Trump, Elon Musk, TK, Alex Brandon Elon Musk, Kamala Harris, Alain Tascan, Jeet Shroff, Shroff, Morgan Stanley, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, LaGuardia Airport, Getty, BI, Monetary Fund, Chartered, Apple, Bloomberg, Google, Trump, PAC, America PAC, AP, Trump PAC, Epic, Discover Financial Services Locations: Midtown Manhattan, China, lockstep, New York, London

☆ Top Wall Street analysts are boosting stock market forecasts as the bull market charges on
▼ + stars: | 2024-10-16 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

A number of bank research desks have raised their S&P 500 price targets in recent weeks. AdvertisementThe bull market hasn't weakened in the fourth quarter, and top bank research desks have been rushing to raise their S&P 500 price targets into year-end. AdvertisementBelski said his upgrade was based on strong market gains so far this year, which he says typically leads to stronger-than-normal gains in the fourth quarter. Lakos-Bujas kept his 4,200 price target for the S&P 500 unchanged, though. AdvertisementThe more upbeat 2024 forecasts come as the bull market charges on, with the S&P 500 up 3.2% in the last month and 22.6% this year.

Persons: —, hasn't, Goldman Sachs, Jonathan Golub, Patrick Palfrey, David Kostin, Kostin, Brian Belski, Belski, Dubravko Lakos, Bujas Organizations: Service, UBS, BMO, Deutsche Bank, Bloomberg, Reserve

☆ Investor sentiment starting to enter into frothy territory with so much going well for stock market
▼ + stars: | 2024-10-16 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Fully 90% expect a "soft landing," or "no landing" at all (i.e. That's not the case here: the Fed is cutting rates going into, at worst, a soft landing, which is very unusual. The S & P 500 was up 2.0% in September and is higher by 0.9% so far in October. Historically, the S & P tends to rise beginning in the last week of October and through November and December. Goldman Sachs noted that, since 1928, the median S & P 500 return from October 15 to December 31 has been 5.17%.

Persons: That's, Alicia Levine, BNY, Goldman Sachs, Goldman, buybacks, Stocks, there's, AAII, BofA Organizations: America, Trump, Bank of America Global Fund, Survey, Fed, buybacks, American Association of Locations: U.S, frothy

☆ Companies are talking about how Election Day will impact them, from slowing beer sales to people flying less
▼ + stars: | 2024-10-16 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Earnings season is offering insight into how the US presidential election may impact big companies. So far, companies are commenting on how Election Day itself could sway their financial results. Delta expects a hit to revenue as fewer people travel around Election DayPeople will likely hold off on other kinds of spending around Election Day. Delta saw something similar happen after the 2016 election, Hauenstein said at the time. AdvertisementCompanies are issuing debt ahead of Election Day, according to CitigroupInvestment banking fees rose 44% during Citigroup's third quarter, CEO Jane Fraser said.

Persons: —, Kamala Harris, Donald Trump, they're, William Newlands, Newlands, Glen Hauenstein, Hauenstein, Delta, Jane Fraser, Fraser, Goldman Sachs, Harris, Trump Organizations: Citigroup, Delta, Service, Constellation Brands, Corona, Modelo, Constellation, Air Lines, Citigroup Investment, Bank of America

☆ Former Dallas Fed President Robert Kaplan: The Fed still has room to cut
▼ + stars: | 2024-10-16 | 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 EmailFormer Dallas Fed President Robert Kaplan: The Fed still has room to cutRobert Kaplan, Goldman Sachs vice chairman and former Dallas Fed President, joins CNBC's 'Closing Bell' to discuss his outlook on the economy, what he expects from the Fed moving forward, and more.

Persons: Robert Kaplan, Goldman Sachs Organizations: Former Dallas Fed, Dallas Fed

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Tesla, Starbucks, Disney, Microsoft, Cisco, Coinbase & more
▼ + stars: | 2024-10-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Wells Fargo reiterates Citi as overweight The firm said Citi remains a number one pick following earnings on Tuesday. Citi reiterates JB Hunt as a top pick Citi said the shipping giant remains a top pick following earnings on Tuesday. Citi upgrades Cisco to buy from neutral Citi says AI will play a bigger role in Cisco's future than investors assume. Bank of America upgrades Corteva to buy from neutral The firm said the ag chemical company has numerous tailwinds ahead. Citi reiterates Coinbase as buy The firm lowered its price target on the stock to $275 per share from $345.

Persons: Fargo, Goldman Sachs, Wells, Baird, Grainger, Jefferies, Rapid7, GTM, JB Hunt, JBHT, it's bullish, Bernstein, Tesla, it's, GOOG, TD Cowen, Yum, Cowen, Taco Bell, Morgan Stanley, Piper Sandler, Walt Disney, Guggenheim, HSBC downgrades Estee Lauder, Estee Lauder, Coinbase Organizations: Citi, FAST, BMO, Microsoft, Netflix, Autodesk, Nvidia, Barclays, Apple, DoJ, UBS, California Resources, CRC, Chord Energy, Yum Brands, Taco, Taco Bell, Disney, Walt, Cisco, HSBC downgrades, HSBC, Bank of America, Qualcomm Locations: China, Greater China

☆ Pets in China are earning ‘snack money’ in cafes as their owners send them to work
▼ + stars: | 2024-10-15 | by ( Cnn Staff | ) edition.cnn.com time to read: +5 min

A dog cafe in Fuzhou, in southeastern China. In recent months, cafe owners and pet owners alike have been posting recruitment ads and CVs on Xiaohongshu, China’s answer to Instagram. “We offer a snack per day, and a 30% discount for pet owner’s friends!”CNN reached out to some of the cafe owners for comment. She’s been on the lookout for a job for her 2-year-old tuxedo cat, Zhang Bu’er, which means “not stupid” in Chinese. Xin posted her cat’s CV on Xiaohongshu on September 8, hoping to find him employment at a cat cafe, but hasn’t had any luck yet.

Persons: Jane Xue, Xue, ”, “ Summers, Jane Xue Xue’s, Goldman Sachs, “, ” Xue, ‘, Zhang Bu’er, Xin Xin, Shiba, She’s, Xin, hasn’t, God, Zhang Bu’er’s, ” Xin, CNN’s Joyce Jiang Organizations: CNN, Visitors, ” CNN Locations: Fuzhou, China, Xiaohongshu, Beijing, Guangzhou, CBNData, China’s

☆ Don't own the AI chip leaders? Jim Cramer says this might be your chance to act
▼ + stars: | 2024-10-15 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "This is a very cheap stock versus Nvidia" Jim Cramer said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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, Stocks, Jim, Johnson, Goldman Sachs, Jim Cramer's Organizations: CNBC, Nvidia, Devices, Bloomberg, AMD, Texas, Coterra Energy, Analysts, YouTube, Federal, Dow, Johnson, Bank of America, Walgreens Locations: Persian, Israel, U.S

☆ Stock market today: Indexes trade mixed as investors sift through big bank earnings
▼ + stars: | 2024-10-15 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementStocks were mixed Tuesday morning as traders assessed the latest earnings, though several results before the bell helped strike a positive tone in early trading. While earnings will be this week's focal point, investors will also watch for September's retail sales and initial jobless claims to release on Thursday. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Tuesday:AdvertisementHere's what else is going on:In commodities, bonds, and crypto:

Persons: —, Goldman Sachs, Wells Fargo, Brent, Adriana Kugler, Mary Daly Organizations: Service, Citigroup, Bank of America, Dow Jones, JPMorgan Locations: Israel, Here's

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