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☆ As China approaches WTO, analysts say Beijing-EU tariff spat unlikely to go 'too far'
▼ + stars: | 2024-11-05 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

Beijing will avoid escalation of its dispute with the European Union over tariffs on its electric vehicles, industry watchers said, a day after China again approached the World Trade Organization for resolution. China's commerce ministry said Monday that it had filed an additional appeal with the WTO over the EU's tariffs on its EVs, as bilateral talks have yet to lead to a breakthrough. The EU reportedly accounted for more than 40% of Chinese EV exports in 2023. EU has raised its tariffs to as much as 45.3% on Chinese EVs following an year-long investigation. The measures had prompted Beijing to target European exports such as pork, dairy and brandy products.

Persons: Shaun Rein, Sam Radwan Organizations: European Union, World Trade Organization, WTO, China Market Research, CNBC, U.S, EU, International Locations: Beijing, China, Europe, EU, Washington

☆ The stocks most at risk if Trump permits Elon Musk to drastically cut government spending
▼ + stars: | 2024-11-05 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Due to this, Piper Sandler has unveiled a list of stocks that it views as most sensitive to government spending. "If Trump wins, these stocks are likely to be hurt by cuts in government spending," Piper Sandler's chief investment strategist Michael Kantrowitz said in a recent note to clients. The company was the top recipient of defense contracts from the Department of Defense in fiscal 2023, being awarded $61.4 billion in defense spending. During September's presidential debate, Trump clashed with Harris over funding efforts, with Harris accusing Trump of being prepared to abandon consistent U.S. support for Ukraine . In that area, Humana , which offers Medicare Advantage plans, and UnitedHealth are two names Piper Sandler thinks could be affected.

Persons: Trump, Donald Trump's, Elon Musk, Musk, Piper Sandler, Piper, Michael Kantrowitz, Kamala, Harris, machinists, Lockheed Martin Organizations: U.S, SpaceX, Republican, Trump, Boeing, Lockheed, Department of Defense, Ukraine, Humana Locations: U.S

☆ The Houthis couldn't have built their most dangerous weapons without help from Iran and others, UN experts find
▼ + stars: | 2024-11-05 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The Houthis possess a sizable arsenal of weapons, including missiles and drones. The Houthis have used these weapons to target ships in the Red Sea and Gulf of Aden. AdvertisementThe Houthi rebels couldn't have amassed their dangerous arsenal of weapons without extensive help from Iran and its proxy forces in the Middle East, according to a new report for the United Nations. Related storiesThe Houthis held a military parade in September 2023, during which the group boasted a formidable arsenal of anti-ship missiles, ballistic and cruise missiles, surface-to-air missiles, aerial drones, naval drones, speedboats, surveillance systems, and mines. AdvertisementUS naval forces have repeatedly intercepted vessels attempting to smuggle weapons from Iran to the Houthis illegally.

Persons: —, couldn't Organizations: UN, Service, United Nations, UN Security, Lebanese Hezbollah, Pentagon Locations: Gulf of Aden, Iran, Yemen, Lebanese, Israel, Gaza, Iran's

☆ How CNN projects elections
▼ + stars: | 2024-11-05 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +14 min

CNN —Millions of Americans will be tuning in to CNN and other networks on election night as returns roll in. They’ll be waiting to see who wins, something CNN will determine with a series of projections. I talked to Jennifer Agiesta, CNN’s director of polling and election analytics, about how CNN approaches the job of projecting a winner. But it tends to be after Election Day in a place like Pennsylvania. Is there a precedent in your career for a race that’s this close heading into Election Day?

Persons: They’ll, Jennifer Agiesta, It’s, that’s, they’re, what’s, We’ll, Carter Smith, There’s, we’re, they’ll, we’ll, Megan Varner, Donald, Trump, Kamala, Harris, it’s Clark, That’s, I’m Organizations: CNN, White, Democratic, Republican, Bloomberg, Getty, Reuters, Democrat, New, Electoral College Locations: Houston, Pennsylvania, Arizona, Nevada, Georgia, North Carolina, Atlanta, Nevada , Michigan, Wisconsin, Maricopa, In Nevada, Washoe, Milwaukee, Dane County, Grand Rapids, Kent County, Michigan, Florida . New Mexico, New Hampshire

☆ The Orient Express is plotting a comeback as the ultra-rich ditch luxury brands for travel
▼ + stars: | 2024-11-05 | by ( Maria Noyen | ) www.businessinsider.com time to read: +5 min

Dubbed La Dolce Vita, the new Orient Express trains will start operating in Spring 2025. Travel agent Julia Carter, founder of the luxury travel agency Craft Travel, said unique experiences are higher on the priority list of wealthy vacationers than ever. Itineraries on La Dolce Vita Orient Express start at $3,800 for a one-night stay. Courtesy of Orient Express ItalyUnlike cruise travel, luxury train travel is also more exclusive, another top priority among wealthy travelers. "People want the luxury of space and privacy," Craft, the luxury travel agent, said.

Persons: Vita, —, Amrita Banta, Julia Carter, Carter, Georges Nagelmackers, Agatha Christie, Dame Judi Dench, Kenneth Branagh, Buyenlarge, Samy Ghachem, La Dolce, COVID, let's, Ghachem, it's Organizations: Orient Express, Service, Research, Strategy, McKinsey & Company, Craft Travel, Orient, The Orient Express, Dolce Vita, Dolce Vita Orient Locations: Italy, China, Singapore, Thailand, Japan, Belgian, Paris, Istanbul, Sicily, Asia, Africa, Orient Express Italy

☆ CEOs are clamoring for bodyguards as the world feels more dangerous, a top security boss says
▼ + stars: | 2024-11-05 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

More executives are seeking protection, a private security firm chief told The Financial Times. Steve Jones, the chief executive of security company Allied Universal, told The Financial Times that global political instability had created increased demand for security services. AdvertisementLast year, Alex Bomberg, chief executive of Intelligent Protection International, told Financial News that demand for executive security had doubled in 12 months. According to Allied's World Security Report, in 2022, companies lost more than $1 trillion in revenue due to physical security incidents. AdvertisementOne in four publicly listed companies reported a drop in their value after a physical security incident over the last year, the report said.

Persons: Steve Jones, Jones, We've, Allianz's, Mark, Sundar, Alex Bomberg, It's, that's Organizations: Financial Times, Service, Allied Universal, Fortune Business, Trump, Allianz Insurance, Palestine, Group, Web Services, Google, Business, Companies, Meta, Intelligent Protection, Financial News Locations: Israel, Washington ,, Germany

☆ The 2024 presidential election may come down to swing states' results. Here's where Trump and Harris lead in the polls.
▼ + stars: | 2024-11-05 | by ( John L. Dorman | Kelsey Vlamis | ) www.businessinsider.com time to read: +15 min

Georgia2012 margin: Romney +7.8%Advertisement2016 margin: Trump +5.1%2020 margin: Biden +0.2%Related storiesFor decades, Republicans could easily depend on the Peach State's electoral votes falling into their column. Two years later, Biden won Georgia by roughly 12,000 votes over Trump, followed by the dual 2021 runoff victories of Sens. Pennsylvania2012 margin: Obama +5.4%2016 margin: Trump +0.7%2020 margin: Biden +1.2%AdvertisementBiden's hometown of Scranton is dear to his heart so Pennsylvania was always going to be a key state for the party in 2024. Wisconsin2012 margin: Obama +6.9%2016 margin: Trump +0.8%Advertisement2020 margin: Biden +0.6%Wisconsin is one of the most politically divided states in the country. But Trump flipped Wisconsin to the GOP in 2016, the first time it had supported a Republican presidential nominee since 1984.

Persons: Kamala Harris, Donald Trump, —, Joe Biden, Harris, Kevin McCarthy of, Mike Johnson of, suburbanites, Roe, Wade, Trump, Bill Clinton, Kansas Sen, Bob Dole, Barry Goldwater, Mitt Romney, Barack Obama, Hillary Clinton, Biden, Katie Hobbs, MAGA, Kari Lake, Sen, Mark Kelly, Republican Blake Masters, Adrian Fontes, Hobbs, Mark Finchem, Ruben Gallego, Stacey Abrams —, Georgia —, Abrams, Sens, Raphael Warnock, Jon Ossoff, Kelly Loeffler, David Perdue, midterms, Warnock, Republican Herschel Walker, Walker, Brian Kemp, Gretchen Whitmer, Dana Nessel, Jocelyn Benson, Obama, Clinton, Clark County Sheriff Joe Lombardo, Steve Sisolak, reelecting Sen, Catherine Cortez Masto, Adam Laxalt, — Dina Titus, Steven Horsford, Susie Lee —, Arizona GOP Sen, John McCain, Josh Stein, Mark Robinson, Roy Cooper, Gov, John Fetterman, GOP Sen, Pat Toomey, Josh Shapiro, Tom Wolf, Al Gore, John Kerry eked, Tony Evers, Scott Walker —, Tammy Baldwin, Evers, Tim Michels, Ron Johnson, Mandela Barnes Organizations: Swing, Sun, Service, Democratic, Republican, House, Republicans, State, Massachusetts Gov, Trump, Democratic Rep, GOP, Republican Party, Georgia, Gov, Michigan, Silver State, Democratic Gov, North Carolina, Arizona GOP, Romney, Democrats, Senate, Badger State Locations: Midwest, Florida, Ohio, Pennsylvania, Wisconsin, Arizona, Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Israel, Kevin McCarthy of California, Mike Johnson of Louisiana, Kansas, Massachusetts, Ruben Gallego . Georgia, Atlanta, Detroit, Gaza, Nevada, Silver, Clark, Clark County, North Carolina, North, Roy Cooper . Pennsylvania, Scranton, Philadelphia, Allegheny County, Pittsburgh

☆ Elon Musk’s lawyer says $1M giveaway winners not randomly chosen, which could raise legal issues
▼ + stars: | 2024-11-04 | by ( David Ingram | David Ingram Is A Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +8 min

Legal experts told NBC News that the disclosure could have legal fallout for Musk across multiple jurisdictions under laws designed to protect consumers from deceptive practices. Chris Gober, a lawyer for America PAC, made the disclosure at a hearing about the giveaways. Elon Musk awarded Kristine Fishell a $1 million check at a town hall in Pittsburgh on Oct. 20. Typically under state law, “this is actually bread and butter stuff for them,” he said in a direct message. The Justice Department, which had warned Musk’s super PAC that its offer may run afoul of federal election law, did not immediately respond to a request for comment.

Persons: Elon Musk, Musk, ” Christopher Peterson, ”, Chris Gober, “ We’re, ” Musk, Kristine Fishell, Michael Swensen, Donald Trump, Trump, Larry Krasner, John Summers, Krasner, Gober, Rebecca Tushnet, “, Tushnet, George Conway, David Vladeck, ” Lorrin Freeman, ” Jeff Sovern Organizations: NBC News, University of Utah, Musk’s America PAC, America PAC, Pennsylvania, Harvard Law School, Republican, Federal Trade Commission, FTC, Georgetown University, AGs, University of Maryland, The Justice Department, Musk’s Locations: Philadelphia, Arizona, Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, Pittsburgh, Pennsylvania, Wake County, North, North Carolina, Baltimore

A disturbance in the Caribbean strengthened into Tropical Storm Rafael on Monday afternoon. Rafael is the 17th named storm of the Atlantic hurricane season, and will be the 11th hurricane if it strengthens further, as expected. The storm system is expected to approach the United States later in the week, the hurricane center said, and a tropical storm watch was issued Monday afternoon for the lower and middle Florida Keys and for the Dry Tortugas. A hurricane warning has been issued for the Cayman Islands, and a tropical storm warning is in effect for Jamaica. The government of Cuba issued a hurricane watch for a handful of provinces, and a tropical storm watch for other areas.

Persons: Storm Rafael, Rafael Organizations: Storm, Monday, National Hurricane Center, Atlantic, NHC Locations: Caribbean, Kingston , Jamaica, United States, Florida, Gulf, Cayman Islands, Jamaica, Cuba

☆ The only guide to building a charcuterie board you’ll ever need
▼ + stars: | 2024-11-04 | by ( Martha Tinkler For Food Network | ) edition.cnn.com time to read: +19 min

The word charcuterie refers to cold cooked, cured, or smoked meats; so technically, a traditional charcuterie board is just a meat platter. A beautiful charcuterie board is a statement piece and a time-saver, since it typically requires little to no cooking. A charcuterie board can be left out for grazing for up to 2 hours. Charcuterie Board IdeasUnlike so other many recipes, the key to a good charcuterie board is doing what you want. How to Make a Charcuterie Board on a BudgetWith so many choices in building your board, it is easy to go overboard.

Persons: You’ll, Serrano, speck, Martha Tinkler, Camembert, Gorgonzola dolce, flatbreads, Melba, pita, Broccoli, prosciutto, Didn’t, You’d, you’re, Brie, don’t Organizations: Food, Costco, Aldi, nestle Locations: finocchiona, Genoa, American bologna, Salamis, Gouda, Gruyère, Romano, Asiago, Mimolette, Paris, Parm, Brie

☆ All eyes are on America as an uncertain world awaits critical election result
▼ + stars: | 2024-11-04 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Smith-Circle-Byline-Template.Jpg | Alexander Smith | ) www.nbcnews.com time to read: +3 min

The “leader of the free world” always holds a huge sway over the 7.9 billion people who don’t get a vote. The election “will have significant implications virtually for everyone in the world — for good or evil,” said Dong Wang, an international studies professor at Peking University. Trump and Harris have “completely different competing visions of the global order,” said Wang, executive director at the university’s Institute for Global Cooperation and Understanding. And so influential Chinese observers see Trump as one who brings unwelcome chaos and unpredictability — as well as his beloved tariffs. During his first term, he started a trade war with Beijing, imposing $360 billion in tariffs on Chinese goods.

Persons: don’t, Donald Trump, Kamala Harris, ”, Thomas Shannon Jr, Harris, “, Shannon, Trump, Barack Obama, George W, Bush, Dong Wang, Wang Organizations: United, State Department, Peking University . Trump, university’s Institute for Global Cooperation, Biden, Trump Locations: East, Europe, ”, —, U.S, Beijing, China, Washington, Taiwan

But then there are voters who say former President Donald Trump lacks the character or demeanor a president should have. And some specifically panned the the racist and demeaning rhetoric from Trump allies at last week's rally at Madison Square Garden, criticizing them for alienating Americans instead of bringing them together. Other voters derisively mentioned Harris' laughter, called Trump more "transparent in what he's looking to do," and cited their support for Trump economic policies like tariffs and not taxing overtime pay. For the Harris supporters who briefly, seriously, considered Trump, the former president's tone and demeanor looms large. Again, a handful of voters brought up the rally comments about Puerto Ricans when voters describing something that made them view Trump more negatively.

Persons: Kamala Harris, Harris, she's, Donald Trump, —, Trump, Biden, haven’t, they'd, I’ve, Joe Biden, She’s, Kamala, he’s Organizations: NBC News, Trump, Madison, Garden, Puerto Ricans, NBC, White Locations: Trump, New York, Missouri, Wisconsin, Puerto Rico, Pennsylvania, New York City, Puerto, Texas, Florida, Idaho, Louisiana

☆ France holds trial over the beheading of a teacher who showed prophet cartoons to his class
▼ + stars: | 2024-11-04 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +5 min

Paty’s shocking death left an imprint on France, and several schools are now named after him. He referred to the teacher as a “thug” multiple times and sought to pressure the school administration via social media. Anzorov lived 100 kilometers (60 miles) from Paty’s school and did not know the teacher. Boudaoud also drove Anzorov to Paty’s school. On Oct. 13, 2023, another teacher in France was killed by a radical Islamist from Russia, originally from Ingushetia, a region bordering Chechnya.

Persons: Samuel Paty, Paty, Abdoullakh Anzorov, Charlie Hebdo, Prophet Muhammad, Chnina, Chnina’s, Paty snowballed, Anzorov, Sefrioui, Cheikh Yassine, ”, Naim Boudaoud, Azim Epsirkhanov, Boudaoud, Samuel Paty ., emojis, teacher’s Organizations: Islamic, Education, National Education Ministry, Police Locations: Paris, France, Conflans, Syria, Russia, Ingushetia, Chechnya

☆ I 'quiet quit' my accounting job in my 30s. It was the right decision and helped me determine what truly makes me happy.
▼ + stars: | 2024-11-04 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

But she realized her job wasn't making her happy and became a "quiet quitter." AdvertisementThis as-told-to essay is based on a transcribed conversation with Heather Doran, a 43-year-old in Mississippi, about "quiet quitting" at work. Roughly three years into the role, I started "quiet quitting." But "quiet quitting" is about going back to just doing the job we were hired to do, which isn't lazy. AdvertisementDo you have a "quiet quitting" story you want to share with Business Insider?

Persons: Heather Doran, she'd, —, We're, We'll, I'd Organizations: Service, Business Locations: Mississippi, South Carolina, I've

For many Americans, the most important focus heading into a presidential election is how the winner will impact their wallet. Related storiesFor drug prices, Harris has promised to expand two provisions in the Inflation Reduction Act, allowing Medicare to negotiate the prices of some drugs. HarrisHarris' planned policy includes the construction of 3 million new housing units, as well as an expansion to the Low-Income Housing Tax Credit. TrumpTrump has also proposed expanding the child tax credit, which currently provides up to $2,000 per child. In August, the vice presidential candidate JD Vance floated a child tax credit proposal that would include $5,000 per child for families of all income levels.

Persons: Harris, Trump, Trump's, Joe Biden's, Biden, Trump Trump, — Trump, Harris Harris, —, Vance, hasn't Organizations: Trump, Federal Reserve, White, Trump Trump Locations: Americas

☆ After working at Disney World, here are 10 things I wish people would stop doing in the parks
▼ + stars: | 2024-11-04 | by ( Hayley Hutson | ) www.businessinsider.com time to read: +6 min

I used to work at Magic Kingdom and Disney Springs at Disney World in Orlando. AdvertisementI worked at Magic Kingdom and Disney Springs during my time in the Disney College Program. With that experience, I know a trip to Disney World can be equally magical and overwhelming. Here are the things I wish people would stop doing in the parks to make everyone's time better. Stop using flash photography on dark ridesMany of the rides at Disney World, such as Space Mountain and The Many Adventures of Winnie the Pooh, are dark inside.

Persons: —, I've, stilettos, Hayley Hutson, you'll, Roberto Machado Noa, you'd, Winnie, I'm Organizations: Magic Kingdom, Disney Springs, Disney, Service, Disney College Program Locations: Orlando, Animal Kingdom, Tomorrowland, Magic Kingdom

☆ Each president will 'absolutely' have different policies towards Iran, says General H.R. McMaster
▼ + stars: | 2024-11-04 | 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 EmailEach president will 'absolutely' have different policies towards Iran, says General H.R. McMasterGen. H.R. McMaster, former national security advisor under president Donald Trump, joins 'Money Movers' to discuss the geopolitical risks around the world, how Iran is operating in the Middle East, and if the U.S. will be dragged into war against Iran.

Persons: H.R, McMaster Gen, Donald Trump Organizations: McMaster Locations: Iran, U.S

☆ Telecoms companies map out next phase of Middle East’s industrial revolution
▼ + stars: | 2024-11-04 | by ( Mark Tutton | ) edition.cnn.com time to read: 1 min

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CNN —An American-Iranian journalist who once worked for a US-funded broadcaster is believed to have been detained in Iran, according to his former employer and multiple press freedom groups. Iran has not acknowledged detaining Valizadeh and the Iranian mission to the United Nations has declined to comment on his situation. The US-based Human Rights Activists News Agency, which focuses on Iran, also believes Valizadeh is being held in Evin. Iran has a long history of using dual nationals as bargaining chips in its troubled relationship with the West. It is currently marking the 25th anniversary of the 1979 Iran hostage crisis, in which 52 US citizens were held captive for 444 days.

Persons: Reza Valizadeh, Valizadeh, Ayatollah Ali Khamenei, ”, Yeganeh Rezaian, “ Organizations: CNN, Radio Farda, Free, Radio Liberty, RFE, United Nations, US State Department, Farda, Islamic Revolutionary Guard Corps, Intelligence Organization, Protect Journalists, Rights, News Agency, Department of State’s, State Department, US Locations: American, Iranian, Iran, Tehran, Free Europe, Switzerland, United States, Israel, New York, Iran’s, Evin, East, North Africa

CNN —Israeli police have arrested a top aide to Prime Minister Benjamin Netanyahu over allegedly leaking classified information to foreign media. Opposition leaders say the intelligence was “faked,” and part of a ruse to thwart a ceasefire and hostage deal in Gaza. Protesters in Tel Aviv call on Netanyahu to strike a deal to release hostages held in Gaza, in late October. The next day, Netanyahu held a news conference and presented an alleged Hamas document he said was found in a tunnel in Gaza. “This affair came out of the Prime Minister’s own office, and the investigation must examine if it wasn’t at the Prime Minister’s orders.”Dana Karni and Mike Schwartz contributed to this report.

Persons: Benjamin Netanyahu, “, Netanyahu, Eliezer Feldstein, Feldstein, Yair Lapid, Jack Gue3z, ” Netanyahu, ”, Zwigenberg, Yair Netanyahu, Daniel Hagari, Sinwar, Bild, Yahya Sinwar, Gil Cohen, Benny Gantz –, Gantz, Lapid, ” Lapid, ” Dana Karni, Mike Schwartz Organizations: CNN, Minister’s, Protesters, Getty, Jewish Chronicle, Hamas, Magen, Israel Defense Forces Locations: Gaza, Tel Aviv, AFP, United Kingdom, Germany’s, Israel, Egypt, Sinai, Iran, Yemen, Philadelphi

☆ Eight on trial in France over murder of teacher who showed Prophet caricature
▼ + stars: | 2024-11-04 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

They accuse Chnina of collaborating with Abdelhakim Sefrioui, a Franco-Moroccan who founded a hardline Islamist organization, the Cheikh Yassine Collective, subsequently banned in France. Chnina’s lawyer declined to comment ahead of the start of the trial. Schoolchildren pay tribute to Paty at the Anne Franck college in Plescop, France, November 2, 2020. Both are charged with complicity in a terrorist killing, and French media say they have both denied wrongdoing. Chnina’s daughter was not in Paty’s class when the caricatures were shown and the court found her guilty of making false accusations and slanderous comments.

Persons: Paris Reuters —, Prophet Mohammed, Samuel Paty, Brahim Chnina, Chnina, Abdelhakim Sefrioui, Cheikh Yassine, Paty, Anne Franck, Stephane Mahe, Ouadie Elhamamouchi, Elhamamouchi, Abdullakh Anzorov, Anzorov’s, Chnina’s Organizations: Paris Reuters, Paty, Reuters Sefrioui’s, Reuters, Prosecutors Locations: Conflans, Honorine, Paris, Franco, Moroccan, France, Plescop, Sefrioui

Benefits of a joint credit cardA joint credit card can offer various benefits, particularly for couples, close friends, or family members. How to apply for a joint credit cardUnderstanding eligibility criteria and the necessary documentation is the first step in your joint credit card journey. Application process and requirementsApplying for a joint credit card is, for the most part, the same as applying for a credit card as an individual. Best practices for resolving disputes over joint credit card expensesOpening a joint credit card can lead to stressful — and expensive — disagreements if you and the co-cardholder aren't on the same page. Frequently asked questions about joint credit cardsCan joint credit cards affect both credit scores?

Persons: —, You'll, cosigning, Eric Rosenberg, Eric, Read, Meghan Hunter Meghan Hunter, Guy, she's, Meghan Organizations: Apple, U.S . Bank, Finance Locations: Chevron, Ventura , California, Portugal

☆ Meta is 'net winner' on AI spending, says outperforming fund manager who previously sold the stock
▼ + stars: | 2024-11-04 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

An outperforming fund manager who previously sold Meta Platforms shares over concerns about the company's virtual reality investments is now bullish on the technology giant's artificial intelligence strategy. This optimistic stance marks a significant shift for Yiu, who revealed that his fund had previously sold out of Meta Platform shares two years ago due to concerns about the company's virtual reality investments. Meta's Reality Labs division, home to the company's virtual reality technologies and projects, took on $13.72 billion in losses in 2022 before Zuckerberg pivoted strategy. Meta is among the top 10 holdings in Yiu's Blue Whale Growth Fund, which itself is up 16.6% in 2024. Yiu's endorsement comes as Meta faces scrutiny over its ambitious AI spending plans, prompting mixed reactions from Wall Street analysts.

Persons: Stephen Yiu, Yiu, CNBC's, Metaverse, Zuckerberg, Meta, Benjamin Black, Black, Nat Schindler, Morningstar, Morningstar's Malik Ahmed Khan, Michael Bloom, Jonathan Vanian, Ari Levy Organizations: Blue, Growth, Meta, Nvidia, Labs, Wall Street, Deutsche Bank

☆ Germany's government is on the brink of collapse — here’s what could happen now
▼ + stars: | 2024-11-04 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +4 min

Holger Schmieding, chief economist at Berenberg, noted that the three coalition partners have been acting "as if they were preparing to campaign against each other soon." Separately, the Green party's Robert Habeck, who is Germany's economy minister, proposed a policy plan to stimulate business investment that was criticized by the FDP. The Lindner paperAnother escalation took place on Friday, when Finance Minister Christian Lindner published a paper about reviving the struggling German economy. "The paper reads like a serious attempt to analyze Germany's problems and propose solutions. A hotly contested budgetA recent key issue within the coalition has been Germany's budget for 2025 — a topic that also features heavily in Lindner's paper.

Persons: Christian Lindner, Robert Habeck, Olaf Scholz, Sean Gallup, Chancellor Olaf Scholz's, Carsten Brzeski, Holger Schmieding, Scholz, Lindner, Greg Fuzesi, Morgan, Fuzesi, Berenberg's Schmieding Organizations: Climate, Bundestag, Getty, Chancellor Olaf Scholz's Social Democratic Party, SPD, Greens, Free Democratic Party, ING, FDP, Green, ZDF Locations: Berlin, Germany

☆ Iran is debating what defense and deterrence it has left, says CFR's Michael Froman
▼ + stars: | 2024-11-04 | 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 EmailIran is debating what defense and deterrence it has left, says CFR's Michael FromanMichael Froman, Council on Foreign Relations president, joins 'Squawk Box' to discuss the state of the Middle East conflict, news of Iran planning a 'strong and complex' response to Israeli airstrike on October 26th, impact of the 2024 election, and more.

Persons: CFR's Michael Froman Michael Froman Organizations: Iran, Foreign Relations Locations: Iran

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