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☆ U.S. crude oil rebounds more than 2% after selling off last week
▼ + stars: | 2024-10-21 | by ( Spencer Kimball | ) www.cnbc.com time to read: 1 min

U.S. crude oil futures jumped more than 2% on Monday, reclaiming some of the losses from last week's steep sell-off. The U.S. benchmark finished last week more than 8% lower as traders increasingly believe Israel-Iran tensions will not lead to an oil supply disruption in the Middle East. Prices rose Monday after China cut its benchmark lending rate. Saudi Aramco CEO Amin Nasser said he remains "fairly bullish" on demand in the world's second largest economy. Here are Monday's energy prices:The oil market has shifted focus back to supply and demand fundamentals, with consumption in China softening as supplies are expected to rise.

Persons: Amin Nasser, Morgan Stanley Organizations: Saudi Locations: U.S, Israel, Iran, China

☆ The election could be less of a market catalyst than people think, some investors say
▼ + stars: | 2024-10-21 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The U.S. presidential election is fast approaching, but it may not have as much an impact on markets as people may think, some investors say. History suggests the strong performance bodes well for a post-election pop into year's end. When Trump was elected in the 2016 presidential election, investors expected energy would perform well — but the subsequent two years proved unfavorable for the sector. During the 2000 election, volatility lasted for more than 30 days, through December. "We encourage investors to keep their long-term objectives in mind during periods of uncertainty and position for election related volatility," Guerra wrote.

Persons: Donald Trump, Kamala Harris, Trump, Harris, Sam Stovall, Stovall, Joe Biden's, Dan Chung, John Stoltzfus, Morgan Stanley, Morgan Stanley Wealth Management's Monica Guerra, Guerra, Ross Mayfield, Baird Organizations: U.S, NBC News, Republican, Dow Jones Industrial, CFRA, Oppenheimer Asset Management, Presidency, Senate, Republicans, Trump, Morgan Stanley Wealth

☆ CNBC Daily Open: Everyone’s watching Netflix shares
▼ + stars: | 2024-10-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This 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. That's the longest streak this year for the S&P 500 and Dow Jones Industrial Average , both of which hit record highs. Watching Netflix sharesNetflix shares popped 11% on Friday, a day after the company reported third-quarter results that beat earnings, revenue and paid membership estimates. For investors looking to secure a steady stream of income still, Morgan Stanley recommends considering dividend income stocks, and picks 10 dividend stocks from Asia-Pacific, excluding Japan, for its "conviction list."

Persons: Pan Gongsheng, Morgan Stanley Organizations: CNBC, Dow Jones, CSI, People's Bank of, Netflix, Boeing Locations: Asia, Pacific, People's Bank of China, Japan

☆ Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise
▼ + stars: | 2024-10-21 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT — Investors misinterpreted a public offering last week by Lucid Group that raised roughly $1.75 billion — and led to the stock's worst daily performance in nearly three years — CEO Peter Rawlinson told CNBC. It also should alleviate worries that the company would issue a "going concern" disclosure regarding its operations, he said. As a Nasdaq company, we have to avoid a going concern. And a going concern is issued within 12 months of your financial runway," Rawlinson said Monday from the company's newly opened offices in suburban Detroit. That included more than $4 billion in cash, cash equivalents and investment balances.

Persons: Peter Rawlinson, Rawlinson, We'd, Lucid, Morgan Stanley, Adam Jonas Organizations: Lucid, Nasdaq, Lucid Motors, Churchill Capital Corp, DETROIT —, Lucid Group, CNBC, Saudi, Public Investment Fund Locations: New York City , New York, Detroit

During their playing careers, Olympic medalists Sue Bird and Megan Rapinoe helped propel women’s sports toward mainstream popularity, sparking conversations around equal pay and inclusion. In an interview with “Meet the Press,” Rapinoe and Bird spoke about their podcast, “A Touch More with Sue Bird & Megan Rapinoe,” which had its initial run in 2020 and returned this summer. When Bird played in the Final Four for UConn in the early 2000s, Rapinoe said, the stadium was sold out. Megan Rapinoe, left, and Sue Bird during Bird’s jersey retirement ceremony in Seattle on June 11, 2023. Bird and Rapinoe share new episodes of their podcast every Wednesday.

Persons: Sue Bird, Megan Rapinoe, Rapinoe, ”, Bird, Alex Morgan, Mia Hamm, Dawn Staley, ” Rapinoe, ” Bird, Scott Eklund, NBAE, “, ’ ”, ’ ” Rapinoe Organizations: “, Press, women’s, UConn, Getty, LeBron Locations: U.S, Seattle

“The media can pick it apart,” Johnson said, “but people are going to vote. “What he’s talking about is marauding gangs,” Johnson said. But when Tapper pushed back, noting that Trump has described Democrats such as Rep. Adam Schiff as the “enemy from within,” Johnson said Trump was not talking about using the military on political opponents. “I did not hear President Trump in that clip say he’s going to sic the military on Adam Schiff. That’s not what he’s saying,” Johnson said.

Persons: Mike Johnson, Donald Trump, CNN’s Jake Tapper, Arnold Palmer, Tapper, Johnson, ” Johnson, Trump, They’re, ”, Adam Schiff, “, That’s Organizations: ”, Union Locations: Pennsylvania, “ State, Trump, ”

But now, as Trump lines up against DeSantis in a battle over a high-profile ballot initiative to legalize marijuana in Florida, the governor’s old ally, Jeff Roe, is working against him. The relationship, however, soured after DeSantis’ presidential ambitions went up in flames. In June, a Fox News survey found that 66% of Florida voters were for marijuana legalization while just 32% were against it — and that came before Trump said he would support the marijuana initiative. So whenever you’re going against that much money, it’s obviously a tough fight.”Jeff Roe led Never Back Down, the main super PAC backing DeSantis' presidential primary bid. “It’s obviously a different opinion than [DeSantis] has.”Other prominent DeSantis supporters are also in potentially difficult political positions.

Persons: Ron DeSantis, Donald Trump, Jeff Roe, DeSantis, Roe, “, ”, Trump, ” Jeff Roe, hasn’t, Trump’s, Anthony Farhat, Ron, Jeff, Sen, Joe Gruters, ” Morgan Hill, Trulieve, Roe —, James Uthmeier, Uthmeier, Farhat, Tom Brady, Robert Kraft, Brady, ” Farhat, ” Matt Dixon, Allan Smith Organizations: Florida Gov, Trump, DeSantis, GOP, Republican, Fox News, PAC, Ballard Partners, Capital City Consulting, NBC News, Florida Republican Party, Republicans, Libertarians, Independents, Smart, New England Patriots, Patriots, Tampa Bay Buccaneers Locations: TALLAHASSEE, Fla, Florida, Tallahassee, New England, Tallahassee , Florida, New York

☆ Gun YouTube creators are leaving the platform as the company cracks down on firearm videos
▼ + stars: | 2024-10-20 | by ( David Ingram | David Ingram Is A Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +11 min

At least four large YouTube channels devoted to firearms have announced they’re quitting the platform and moving to rival services with looser rules. YouTube, which is owned by Google, has for years imposed rules on gun videos. YouTube says gun videos are only one part of its enormous app. Responsible firearms content is just one part of this vibrant mix of communities,” the company said in a statement. A successful YouTube gun channel can make hundreds of thousands of dollars a year in ad revenue and sponsorships, Bloomberg News reported this year.

Persons: they’re, they’ve, ” Jon Patton, ” Patton, it’s, Attorney Alvin Bragg, Donald Trump, Matt Carriker, Carriker, YouTube’s, ”, “, hasn’t, Alexander Reville, podcasters, “ You’ve, we’re, Guns.com, Joel Persinger, Chris Mijic, Persinger, “ GunTubers, ” Justin Wagner, Nick Fuentes, John Kinman, Greg, Greg Kinman, YouTube ”, we’ve Organizations: YouTube, Google, Bloomberg News, Gun Safety, Attorney, Trump, Firearms, NBC News, Safety Locations: Manhattan, California, Pennsylvania

☆ The index fund cushion is an equal opportunity booster for stocks
▼ + stars: | 2024-10-20 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

S & P 500 money is oblivious to stock valuations of any kind and ignorant to upgrades and downgrades. The Lilliputian sellers regularly fail to do damage when matched with the oblivious index money. A 4% 2-year note isn't competitive to the magnet of the S & P 500 and its kin. That's emblematic of what happens with a big buyback without stock-based compensation (something many tech firms use that renders moot the S & P 500 inflows). Because of the way that the S & P 500 money is divvied up, the share base becomes overwhelmingly index-fund based and the index fund shareholders do not sell.

Persons: Morningstar, Smoot, Herbert Hoover's, Warren Buffett, Buffett, Jerome Powell, haven't, Charlie Scharf, Wells, Banks, Charlie, Morgan Stanley, Ted Pick, James Gorman, Schwab, Gamble, Jim Umpleby, that's, Butch Cassidy, Jim Cramer's, Jim Cramer, Jim, Charles Scharf, Kyle Grillot Organizations: Federal Reserve, Commerce Department, Taiwan Semi, Trust, Fed, Triple AAA Robinhood, Morgan, Procter, United Airlines, Exxon, Caterpillar, Boeing, Apple, Meta, Sundance, Jim Cramer's Charitable, CNBC, Milken Institute Global Conference, Bloomberg, Getty Locations: Hawley, McCumber, Taiwan, Arizona, American, Wells Fargo, Wells, China, Chevron, Beverly Hills, Calif

We've compiled everything you need to know about where to watch the Lynx vs. Liberty, including tip-off time, channel, and countdown coverage. What channel is Lynx vs. Liberty on? The Lynx vs. Liberty match-up will tip off on Sunday, October 20, at 8 p.m. The network's WNBA Countdown coverage begins a full hour before, at 7 p.m.Where to watch Lynx vs. Liberty in the USIf you don't have ESPN through cable, you can live stream the game and network through a live TV service. Check price at ExpressVPNHow to watch Lynx vs. Liberty with a VPNSign up for a VPN if you don't already have one.

Persons: We've, Bridget Carleton, Breanna Stewart, Napheesa Collier's, we'll, ExpressVPN Organizations: Business, New York Liberty, Minnesota Lynx, Barclays Center, ., Lynx, Liberty, Connecticut Sun, Las Vegas Aces, New York, ESPN, DirecTV, DirecTV Stream Locations: Brooklyn, Minnesota, New York, New

☆ Here are the 5 things that could move the stock market in the week ahead
▼ + stars: | 2024-10-20 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Earnings drove the stock market higher — can they do it again in the week ahead? But he acknowledged that timing is key because our portfolio discipline mandates that we consider lightening up our stock exposure in an overbought market. In fact, AMD was our worst-performing stock for the entire week, losing more than 7% following the prior week's 1.8% slide. Energy was the worst sector of the week for the market as oil prices sank. In the week ahead, housing numbers are the main draw on the economic front.

Persons: Jim Cramer, ASML, Morgan Stanley, WTI, industrials, We're, Sartorius, Danaher, we're, Stanley Black, Lockheed Martin, Philip Morris, Clark, Baker Hughes, Lam, DOV, CARR, Davidson, Northrop, Edwards Lifesciences, Jim Cramer's, Jim, Stocks, Tuesday's, Spencer Platt Organizations: Dow, Nasdaq, Netflix, Modelo, Corona, Constellation Brands, Taiwan Semiconductor Manufacturing Company, Nvidia, AMD, Broadcom, Club, Abbott Laboratories, Energy, Texas, Honeywell, Danaher, Federal Reserve, Treasury, SAP, Logitech, Verizon, General Motors, GE Aerospace, GE, Lockheed, Quest Diagnostics, Norfolk Southern, Polaris, Seagate Technology, Texas Instruments, Canadian National Railway Company, Boeing, GE Vernova, Fisher, Boston, General Dynamics, Hilton, Lam Research, Business Machines, IBM, Newmont, Viking Therapeutics, Vista Energy, Mattel, O'Reilly Automotive, Whirlpool, American Airlines, United Parcel Service, Southwest Airlines, Tractor Supply Company, Carrier Global, Dow Chemical, DOW, Harley, Union Pacific, Valero Energy, Hasbro, Northrop Grumman, Ryder, Boyd Gaming, Western, Boston Beer Company, York Community Bancorp, Colgate, Palmolive, Newell Brands, Jim Cramer's Charitable, CNBC, NEW, Traders, New York Stock Exchange, Getty Locations: BlackRock, CrowdStrike, U.S, Dover, Freeport, McMoRan, Kimberly, Norfolk, Las, ORLY, VALE, New York City

☆ Analysts pick winners from China stimulus measures
▼ + stars: | 2024-10-20 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Now that China's key ministers have spoken on stimulus, analysts have narrowed down the stocks likely to benefit. Chinese stocks have tempered their recent rally as investors await more policy details. Beyond interest rate cuts, the most tangible Chinese stimulus policies include subsidies to boost consumption with a trade-in program, along with incremental property market support. They screened for mainland-traded Chinese stocks with relatively high dividend yields and strong cash flow. While Chinese property developers may not bounce back right away, HSBC analysts expect construction software company Glodon, listed in Shenzhen, can benefit from property market stabilization.

Persons: David Chao, Morgan Stanley, Morgan, Ni Hong, Edward Chan Organizations: Asia Pacific, Aluminum Corp, Cement, HSBC, National Bureau of Statistics Locations: Japan, Invesco, Hong Kong, Anhui, Beijing, Shenzhen, Shanghai

So let us show you everything you need to know about where to watch a free USA Austin F1 live stream wherever you are in the world. As also detailed in our season-long free F1 live stream guide, we can help you watch every race this season via similar options to today's. How to watch free Austin F1 live streams with a VPNSign up for a VPN if you don't have one. How to watch Austin F1 live stream in the USESPN is covering the remaining Formula 1 races this season, but ESPN+ and ABC also have a few, including this week's Austin GP. Check price at FuboHow to watch Austin F1 live stream in the UKWant a free option?

Persons: Verstappen hasn't, Lando Norris, Norris, Austin, you'll, ExpressVPN, it's, FuboTV, There's Organizations: Business, USA, Sprint, USA Austin, Austin, RTL2, AWST, ESPN, ABC, MLB, NHL, NFL, UFC, Hulu, Disney Plus, ESPN Sling, Sky Sports, Sky, Premier League Locations: Americas, USA, ORF1, ServusTV, Austria, Belgium, Luxembourg, TV's

☆ Insider Today: Blackstone's juggernaut
▼ + stars: | 2024-10-20 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

This post originally appeared in the Insider Today newsletter. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. The boom in private credit at Blackstone reflects a broader shift in how companies borrow.

Persons: —, Drew Houston, Jeff Bezos, Jon Gray, Blackstone, Jeenah, Jonathan Gray, Banks, Marc Rowan, Jamie Dimon, it's, Jenny Chang, Rodriguez, Barack Obama, Donald Trump, Joe Biden, BI's Alice Tecotzky, Tyler Le, Momo Takahashi, Goldman Sachs, Morgan Stanley, It's, rainmaker Jett Lara, Augustus Doricko, Doricko, Alex Diaz, he's Organizations: Business, Service, Blackstone, Blackstone Group, Reuters, JPMorgan, BI, Democratic, Apple, Investment, Goldman, Bank of America, Citigroup Locations: New York City, U.S, BI Northampton, Pennsylvania, Easton, El Segundo , California

☆ Here's the trading playbook as data piles up in support of a 'no landing' for the US economy
▼ + stars: | 2024-10-20 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

Odds of a "no landing" scenario for the economy are rising amid continued strong economic data. The "no landing" scenario entails a continued run of hot economic data and growth that boosts markets but also precludes a steep rate-cutting cycle from the Federal Reserve. According to Cox, that means that short-term interest rates will drop to around 3% in the no landing scenario, even if long-term rates remain elevated. AdvertisementAfter all, a no landing scenario is the best outcome for the economy, Cox said, and given hot growth, the situation effectively tosses recession fears out the window. This would be just the fourth time in US history that the Fed has cut interest rates without a downturn, he added.

Persons: —, BofA, Reacceleration, Jamie Cox, Cox, They're, Morgan Stanley Organizations: Service, Federal Reserve, Bank of America, UBS, Fed, Nvidia, Apple

☆ Morgan Stanley says these 10 small-cap stocks have at least 50% upside
▼ + stars: | 2024-10-20 | by ( William Edwards | ) www.businessinsider.com time to read: +2 min

Small-cap stocks surged in July, with the Russell 2000 rising 11.5% in a week. Morgan Stanley thinks they could be set for more upside in the months ahead. "We recently upgraded Small caps to neutral vs Large caps after a persistent 3 ½ year period of underperformance. "For us to get outright bullish on Small caps, leading macro indicators would likely need to reflect a clear acceleration in growth," he added. Below, we've compiled the 10 stocks on the list with the highest upside to their Morgan Stanley price targets.

Persons: Russell, Morgan Stanley, —, Nicholas Lentini, Lentini, we've Organizations: Service

We'll show you everything you need to know about how to watch Chiefs vs. 49ers live streams, including US and international watch options. What channel is Chiefs vs. 49ers on? The Chiefs vs. 49ers game will be nation on FOX in the US. That's the case for this weekend's Chiefs vs. 49ers game. Check price at ExpressVPNHow to watch Chiefs vs. 49ers with a VPNSign up for a VPN if you don't have one.

Persons: ExpressVPN Organizations: Business, Kansas City Chiefs, San Francisco 49ers, Chiefs, 49ers, Kansas City, LVIII, Seattle Seahawks, AFC West, NFC West, Seahawks, Seattle, NFL, FOX, DirecTV, NFL Network, ESPN, DirecTV Stream, DAZN's, Sky Sports, weekend's Chiefs Locations: San Francisco, British

Several companies due to report next week could get a boost after their earnings results. To separate the wheat from the chaff, CNBC Pro screened FactSet for companies reporting in the coming days that are liked by analysts and also have strong earnings momentum. One bullish analyst is Morgan Stanley's Erik Woodring, who reiterated an overweight rating and $133 price target on Seagate in an Oct. 15 note to clients. Health care stocks Universal Health Services and HCA Healthcare have also seen improved sentiment, as measured by earnings estimates since the Spring. The investment bank maintained its buy rating while increasing its price target on HCA by $75 to $450, implying 8% potential upside from Friday's close.

Persons: Morgan Stanley's Erik Woodring, Woodring, TD Cowen Organizations: CNBC Pro, Seagate Technology, Seagate, Universal Health Services, HCA Healthcare, Analysts, Healthcare, HCA

☆ Your election questions, answered
▼ + stars: | 2024-10-19 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +26 min

They ranged from questions about the Electoral College to specific inquiries about why ballots in some counties look the way they do. We’ll add answers to new questions weekly until the election and also send them out to the What Matters newsletter audience. CNN did not project that President Joe Biden would win the 2020 election until four days after Election Day. -- Linda in WashingtonThere were a lot of questions about the Electoral College, which should frustrate people on both sides of the aisle. I’m not including the election of 1800, even though it resulted in a tie in the Electoral College.

Persons: I’ve, Debbie, Ariel Edwards, Levy, Read, they’ve, Will, Trump, Dennis, Donald Trump, don’t, faithless, Sen, Bernie Sanders of, Ron Paul of Texas, Jeanette, Elon Musk, –, Democrats –, Elena, you’re, that’s, you’ve, Harris, Kamala Harris, CNN’s KFile, it’s, Ron, CNN’s Tami Luhby, Joe Biden, Hillary Clinton, George W, Bush, Jennifer Agiesta, what’s, we’re, hasn’t, noncitizens, Critics, doesn’t, Sheila, Nicole Unzicker, Unzicker, Terry I’m, Harvey Let’s, Doug Sosnik’s, Patricia, Al Gore, Rutherford B, Hayes, Samuel Tilden, Tilden, John F, Kennedy, Richard Nixon, James Garfield, Winfield Hancock, I’m, Sandra, Jack Smith, Julie Organizations: CNN, Electoral College, Washington, Puerto Rican, Social Security, Electoral, Library of Congress, Elon, Democrats, Trump, Colorado Presidents, Security, Federal, Republican, Heritage Foundation, Dominion, Senate, White, Democratic, Lumina Foundation, Supreme, eventual, Michigan Trump, Gallup Locations: Florida, Madison, Chad, Virginia, Michigan, Puerto Rico, Guam, Minnesota, Washington, DC, Puerto, Congress, Bernie Sanders of Vermont, Pennsylvania, Colorado, South Carolina, United States, California, Harris, Georgia, North Carolina, . Pennsylvania, Missouri, North Dakota, California , Maryland, Vermont, Washington ,, Ohio, Butler County, Texas, New York, It’s, today’s America, New Hampshire

We've compiled everything you need to know about how to watch Georgia vs. Texas, including cable and live streaming options. The Georgia vs. Texas game will air on ABC in the US. How to watch Georgia vs. Texas in the USIf you don't have cable or access to a good antenna, there are a couple of ways to live stream the Georgia vs. Texas game, including broad live TV packages and a streaming service tooled toward specific games, like tonight's match-up. Check price at FuboHow to watch Georgia vs. Texas from anywhereFootball fans traveling away from home don't need to worry about missing out on any of the action. Check price at ExpressVPNHow to watch Georgia vs. Texas with a VPNSign up for a VPN if you don't have one.

Persons: We've, we've, There's, ExpressVPN Organizations: Business, Texas Longhorns, SEC, Georgia Bulldogs, Georgia, Texas, Longhorns, Bulldogs, ABC, . Texas, ESPN, UFC, MLB, NHL, NFL, Hulu, Disney Plus, DirecTV, DirecTV Stream, Football Locations: . Texas, Georgia, Austin, Texas, Alabama, .

☆ These are Morgan Stanley's highest conviction plays for earnings season
▼ + stars: | 2024-10-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Here are five of Morgan Stanley's 10 highest conviction plays, which the firm sees near-term catalysts driving "a meaningful move" upward. Morgan Stanley sees a positive set up for Eaton and is forecasting beats on all key performance indicators, including Americas organic growth and margins. "Our detailed organic growth build supports steady ~8% organic growth in 2025-26, roughly ~200 bps above Consensus, which drives [mid-single digit] EPS upside and argues for multiple expansion on sustained strength," he added. Eaton is set to report third-quarter earnings on Oct. 29. His price target of $100 suggests shares could rise 29% from Friday's close.

Persons: Morgan Stanley, Michelle Weaver, Morgan Stanley's, Eaton, Chris Snyder, Ron Kamden, Keith Weiss, —, Sarah Min Organizations: CNBC Disruptor, Microsoft Locations: Eaton, Americas, 4Q24, Friday's

☆ Before buying a home, check this hidden financial risk
▼ + stars: | 2024-10-19 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

The climate crisis is an often-hidden financial risk when buying a house. AdvertisementThat's why it's important to take stock of the climate risks your home faces in the coming decades. Remember those estimates aren't a crystal ballClimate-science experts outside the company have some reservations about First Street's flood and wildfire estimates, though. Heatmap reported that First Street probably underestimates wildfire risk in wildfire-prone areas and that flood risk is very difficult to accurately model. You can try to cross-check flood risk with other sources like seeing if the town or city has flood maps available.

Persons: you'll, Jeff Gritchen, Jeremy Porter, Michael Wara, Heatmap, Porter, Marta Lavandier, that's, It's, Leslie Chapman, Henderson Organizations: Service, Coronado Pointe, MediaNews, Orange, Getty, Stanford Woods Institute for, Heatmap, AP, Federal Alliance, Safe Homes, Federal Emergency Management Agency Locations: Coronado, Laguna Niguel , California, Florida, California, Hurricane Milton

☆ One chip company's newest tactic to attract workers: Help pay off their student loans
▼ + stars: | 2024-10-19 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

AdvertisementWhen Morgan earned her bachelor's degree in 2018, she graduated with over $20,000 in student loan debt that she hoped to pay off by 2032. Morgan now expects to fully pay off her remaining $16,000 student debt balance by 2028 — four years earlier than planned. Morgan estimates that receiving student debt relief will allow her to pay off her loans four years ahead of schedule. MorganGlobalFoundries is betting that student debt relief will help it attract prospective employees and retain current workers. The company's student debt relief program is just another way it's trying to attract workers.

Persons: Chipmaker GlobalFoundries, —, Morgan, she's, they've, GlobalFoundries, it's, Morgan GlobalFoundries, Joe Biden, Raman, Biden, we've, Stephanie, It's Organizations: Service, Business, Semiconductor Industry Association, Oxford Economics, Nvidia, Bright, GlobalFoundries Locations: York, Malta, New York, Austin

☆ A famed economist who called the 2008 recession warns stocks are in a 'mega-bubble' with the S&P 500 ahead of fundamentals by at least 25%
▼ + stars: | 2024-10-19 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Economist David Rosenberg warns the stock market is in a "mega-bubble." The S&P 500 continues to register new highs and has climbed an incredible 23% so far this year. For investor positioning, here's household equity ownership as a percentage of assets as of the start of this year. Related storiesBy Rosenberg's measure, the S&P 500 is at least 25% higher than where fundamentals suggest it should be. AdvertisementSince then, the S&P 500 has risen to 5,864.

Persons: David Rosenberg, Rosenberg, —, That's, it's, J.P, Morgan Organizations: Service, Rosenberg Research, Federal Reserve

☆ Luxury stocks may be a risky China stimulus bet
▼ + stars: | 2024-10-19 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +7 min

A post-pandemic spending surge led to luxury stocks such as LVMH to reach all-time highs in early 2023, but that soon changed. We believe improved confidence and sentiment is required to reach even our flat year-over-year Chinese luxury growth forecast for 2025," Wallace noted. Luxury stocks are feeling the pressure — year to date, U.S.-traded shares of major players LVMH and Kering are down about 17% and 41%, respectively. Analysts and investors are mixed as to whether the Chinese stimulus measures can revive luxury spending growth among consumers — and whether it will create a meaningful tailwind for luxury companies. Whether the luxury sector can continue growing at the same levels without as much Chinese consumer spending remains in question.

Persons: — stoking, Ben Harburg, Morgan Stanley, Ashley Wallace, Wallace, Jean, Jacques Guiony, Moncler, Hermes, Prada, Richemont, LVMUY CFRUY, —, Edouard Aubin, Sauron, Harburg, LVMH's Guiony, we've Organizations: Alpha, Bank of America, of America, Consumers Locations: China, Covid, 3Q24, U.S, LVMH

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