DIRS.INFO The most relevant business & tech news

☆ Stock market today: Indexes fall from records as chip rout drags tech shares lower
▼ + stars: | 2024-10-15 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

A sell-off in semiconductors pulled stock indexes away from record highs. The decline overshadowed better-than-expected bank earnings results. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Meanwhile, a report that the US is considering export caps on specific chip sales only added to investor concern, pulling the broader chip sector lower. AdvertisementThe rout took attention from Tuesday's bank sector performance, as Goldman Sachs, Bank of America, and Citigroup beat earnings estimates.

Persons: —, Goldman Sachs, Israel, Brent Organizations: Service, Nasdaq, Nvidia, Broadcom, Taiwan Semiconductor Manufacturing Company, Bank of America, Citigroup Locations: Dutch, Israel, Iran, Iranian

☆ A record-breaking 153 Chinese warplanes flew around Taiwan in war games meant as a warning
▼ + stars: | 2024-10-15 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

AdvertisementA record number of Chinese military aircraft flew around Taiwan during large-scale war games on Monday, new data from the nation's defense ministry shows. The drills, called "Joint Sword-2024B," involved joint forces simulating surrounding Taiwan, blockading ports, striking targets, and executing assaults. A map from the Taiwanese Ministry of Defense shows the areas of Chinese aircraft operations around the main island of Taiwan. Taiwan's Ministry of DefenseEarlier Monday, Taiwan's defense ministry reported 125 Chinese aircraft sorties conducted by 72 aircraft, with 57 entering the de facto ADIZ. The Chinese military called the drills a "stern warning."

Persons: Taiwan's, —, Lai Ching, Li Xi, GREG BAKER Organizations: Service, Taiwan's Ministry of Defense, People's Liberation Army, Taiwanese Ministry of Defense, CAP, PLA Eastern Theater Command, Getty Images, Lai's Locations: Taiwan, Beijing, China, Taipei, AFP, Getty Images Beijing, Liaoning

☆ Why bitcoin has 12% upside in the weeks before the election, Standard Chartered says
▼ + stars: | 2024-10-15 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Bitcoin could hit a fresh all-time high ahead of the presidential election, Standard Chartered says. Standard Chartered estimates bitcoin could hit $73,800 in the next few weeks. In new research, head of digital asset research Geoff Kendrick estimated that the token could hit $73,800 before November's US presidential election, a 12% gain from current levels. Second, SAB 121 exemptions go hand-in-hand with MicroStrategy's announced plan to become a "bitcoin bank," offering bitcoin capital market instruments down the road. In Kendrick's mind, the outcome of the presidential election is secondary to these bullish forces, with both Trump and Harris victories boding well for the token.

Persons: Bitcoin, —, Geoff Kendrick, Kendrick, bitcoin, MicroStrategy, Geoffrey Kendrick, BNY Mellon, MicroStrategy's, Harris, Donald Trump Organizations: Chartered, Service, MicroStrategy, Standard, SAB, bitcoin, Kendrick, Trump, Republican, White Locations: lockstep

☆ ALCS Game 1: New York Yankees power past wild Cleveland Guardians
▼ + stars: | 2024-10-15 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +3 min

Cantillo threw an AL postseason record four wild pitches, two of which allowed runs to score to hand the Yankees a 3-0 advantage. At the end of the day, it’s a team effort and we showed up today.”Yankees pitcher Carlos Rodón throws against the Guardians in Game 1 of the ALCS. Cleveland threatened to make it a game in the top of the eighth, hitting three consecutive singles off Yankees reliever Tim Hill. With the tying run at the plate, Yankees manager Aaron Boone turned to closer Luke Weaver for the last five outs. After allowing a walk in the top of ninth inning, Weaver struck out the next three batters, securing his fourth save of the postseason and the Yankees victory.

Persons: CNN — Juan Soto, Carlos Rodón, Soto, Alex Cobb, Cobb –, –, Aaron Judge, Giancarlo Stanton, Anthony Volpe, Stephen Vogt, Joey Cantillo, Cantillo, ” Soto, “ It’s, it’s, Wendell Cruz, Rodón, Brayan, Rodon’s, “, ” Rodón, Gerrit, Cole, ” Stanton, Cleveland, Tim Hill, Steven Kwan’s grounder, Aaron Boone, Luke Weaver, Weaver, Will Brennan, José Ramírez, Tanner Bibee, Gerrit Cole Organizations: CNN, New York Yankees, Cleveland Guardians, American League, Yankee, New York, Yankees, Guardians, USA, Sports, Reuters, AL, Kansas City Royals, Cleveland Locations: New, Kansas City, Cleveland

☆ Delivery Hero vs. Just Eat? One has 60% upside in a 'winner-takes-all' market, says Stifel
▼ + stars: | 2024-10-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Berlin-based Delivery Hero and Dutch multinational Just Eat Takeaway are two companies at the center of the ruthless online food delivery sector. Over the past decade, Delivery Hero has accumulated net losses of 9.6 billion euros ($10.47 billion) , while Just Eat Takeaway has racked up 7.1 billion euros in losses. Delivery Hero wins? The investment bank is particularly bullish on Delivery Hero, initiating coverage with a "Buy" rating and a price target of 60 euros, implying a potential upside of 60%. Meanwhile, Just Eat Takeaway (TKWY) has a "Hold" rating from Stifel, with a 17% upside potential on the current share price.

Persons: Stifel, Benjamin Kohnke, Uber, Stifel's Kohnke, Kohnke, — CNBC's Michael Bloom Organizations: Investment, Dubai Financial, Deutsche Bank, RBC Locations: Berlin, U.S, Europe, Dubai, Northern Europe

☆ North Korea is blowing stuff up and making threats, but it's unlikely to go further
▼ + stars: | 2024-10-15 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +4 min

North Korea destroyed parts of roads and rail lines connecting it with South Korea. It comes after North Korea last week accused South Korea of flying drones over its capital. In response, South Korea fired warning shots within its own border, according to South Korea's Joint Chiefs of Staff. The detonations come after North Korea last week accused South Korea of flying drones over its capital Pyongyang. Howell added that historically, North Korea has stepped up provocations during US election years.

Persons: —, Jim Hoare, Kim Jong, Kim Yo Jong, Edward Howell, Howell, ", Hoare, Peter Ward Organizations: North, Service, South Korea's, Chiefs, Staff, Inter, Korean, Office, Bloomberg, Korea, Chatham House, Bloomberg Economics, Sejong Institute, Financial Times Locations: Korea, South Korea, North Korea, South, British, Kaesong, Korean, Pyongyang, North, Seoul

☆ I'm a psychotherapist who's seeing a spike in election-related anxiety among my patients. Some of them are secretly voting for Trump.
▼ + stars: | 2024-10-15 | by ( John L. Dorman | ) www.businessinsider.com time to read: +7 min

Among his patients, he's seeing election-related anxiety tied to the race between Harris and Trump. This year, he's hearing a range of concerns from his patients regarding both Vice President Kamala Harris and former President Donald Trump. The result: These folks are overwhelmingly keeping quiet about their political beliefs and voting plans for the upcoming election and are closeted Trump supporters. For many people, their political beliefs are often tied to personal identity. AdvertisementBut by keeping political beliefs hidden, it can affect personal relationships.

Persons: Jonathan Alpert, Harris, Trump, Alpert, —, Kamala Harris, Donald Trump, Joe Biden, aren't, We're, Tayfun, didn't, Sen, John McCain, Biden — Organizations: Service, D.C, Trump, Trump voters, Getty Locations: United States, New York, Washington, , Connecticut, Maryland, Pennsylvania, Philadelphia, Erie, Anadolu

☆ 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

☆ Bob Woodward issues a stark warning on Trump weeks from Election Day
▼ + stars: | 2024-10-15 | by ( Peter Bergen | ) edition.cnn.com time to read: +17 min

As has been the case for previous Woodward books, those who don’t come out well from his reporting publicly dismiss it. Woodward notes that neither Biden nor Trump spoke to him for this book, but he still got great access. It’s clear from a close reading of “War” that almost every top national security official in the Biden administration spoke with him. The Biden administration has halted the shipment of massive 2,000-pound bombs to Israel, but otherwise, the large flow of American weapons to the Jewish state continues. Coats told Woodward, “It’s still a mystery to me how he deals with Putin and what he says to Putin.

Persons: Bob Woodward, Woodward, ”, Donald Trump, Vladimir Putin, Trump, Putin, Joe Biden, Barack Obama, “, Barack, ” Putin, Biden, CNN’s Jim Sciutto, it’s, Bush, ” Woodward, Robert Woodward, Nixon, Richard Nixon, … Trump, ” Biden, Bill Burns, Burns, Eric Green, Green “, ” Green, Here’s, Vadim Ghirda, Russia ”, Benjamin Netanyahu, Brendan Smialowski, Yahya Sinwar, Netanyahu, ” —, ” Netanyahu, Antony Blinken’s, Blinken, hasn’t, Kamala Harris, Defense Lloyd Austin, Jake Sullivan, Harris, “ Tell Bibi, Anna Moneymaker, Joe, “ Bibi, Dan Coats, Coats, “ It’s, …, ” Trump Organizations: CNN, Washington Post, New York Times, Trump, White, Biden, United Nations, Pentagon, CIA, National Security, NATO, Ukraine, Turks, Russia, West Bank, Gaza Health Ministry, Israel, UN, Getty, Hamas, US, Brown University, Defense, ”, Prince George’s Community College, Intelligence Locations: Russian, Ukraine, Crimea, Afghanistan, Gaza, Russia, Woodward, Kyiv, Sweden, Finland, Kursk, Israel, Lebanon, Syria, Yemen, Tel Aviv, AFP, Iran, Rafah, Largo , Maryland, Scranton, Delaware

Iowa high school senior Miranda Estrada is a star student, a trumpet player and a drum major for the school’s marching band. At her high school in Denison, Latinos made up 68% of the student body in the 2022-2023 school year. That number is reflective of the city at large, whose Latino community has been growing for years and finally feels represented in the halls of Denison High School. The Denison High School mariachi band performs at a football game. I feel happy to be in mariachi Reyes del Oeste,” said Estrada.

Persons: Miranda Estrada, She's, ”, Estrada, Reyes, Ruben Newell, I’d, Newell, ” Newell, Janet Castillo, ’ ”, Castillo, “, “ Reyes, Maite Arreola, Trajes, “ We’re, Reyes del, Denison Organizations: Reyes del Oeste, Denison High School, NBC, “ Reyes del Oeste, Denison, Fiesta Mariachi Locations: Iowa, del Oeste, “, United States, Mexico, Reyes del, Denison, “ Reyes del, Reyes del Oeste, Oeste

☆ Goldman Sachs raises China growth outlook on optimism over Beijing's fresh push to revive struggling economy
▼ + stars: | 2024-10-14 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Goldman Sachs analysts upgraded their growth forecast for China from 4.7% to 4.9% for this year. AdvertisementChina may not fall too short of its growth targets this year after all, Goldman Sachs analysts said. The analysts also upgraded their growth forecast for next year, from 4.3% to 4.7%. Advertisement"The '3D' challenges - deteriorating demographics, a multi-year debt deleveraging trend, and the global supply chain de-risking push are unlikely to be reversed by the latest round of policy easing," they added. China's recent stimulus pushes have aimed to prop up its weak economy, which has been plagued by a struggling property sector and weak domestic demand.

Persons: Goldman Sachs, —, Goldman, China's Organizations: Service, Ministry of Finance, National Development, Reform Locations: China, Beijing

☆ Why so many Florida gas stations are still out of gas
▼ + stars: | 2024-10-14 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

New York CNN —Hurricane Milton passed through Florida days ago, but the devastating storm is still causing chaos at gas stations. Hundreds of gas stations in Florida still don’t have gas, including roughly half of the stations in the hard-hit Tampa area. Meanwhile, the number of gas stations without gas has fallen sharply. This represents a significant improvement, although it still means that more than 1,300 Florida gas stations remain dry five days after Hurricane Milton made landfall. Florida gas stations are out of fuel following the storm that made landfall as a Category 3 hurricane in the Siesta Key area of Florida, causing damage and flooding throughout Central Florida.

Persons: Milton, ”, Patrick De Haan, De Haan, Hurricane Milton, Chris O'Meara, Andy Lipow, Lipow, “, Ron DeSantis, Joe Raedle, where, Tom Kloza, ‘, we’ve, ” Kloza Organizations: New, New York CNN, Tampa, Hurricane, Florida Highway Patrol, Fla . Gas, Gulf, FEMA, Port, Port Tampa Bay, Port Manatee, Lipow Oil Associates, Pasco Sheriff’s, Wawa, Fox, Florida Gov, Tampa Bay Times, Oil Price Information Service, “ Locations: New York, Florida, Tampa, Plant City, Fla, Port Tampa Bay, Gulf Coast, Port Tampa, Port, Tampa Bay, Pasco, Pasco County, St . Petersburg, Englewood , Florida . Florida, Central Florida

☆ Wells Fargo upgrades Flutter Entertainment, says buy the dip on the FanDuel parent stock
▼ + stars: | 2024-10-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Investors should snatch up shares of Flutter Entertainment following a recent sell-off, according to Wells Fargo. Analyst Daniel Politzer upgraded shares of the online sports betting company to overweight from equal weight. The change comes after the stock sold off 8.8% on Friday following reports that the U.K. is weighing higher taxes on the gambling industry. Wells Fargo isn't the only firm turning more bullish on Flutter. "Despite similar-to-better business and financial characteristics, Flutter trades at a 35% discount to its "new peers", highlighting strong re-rating potential."

Persons: Daniel Politzer, Politzer, Wells, Adrien de Saint Hilaire Organizations: of America Locations: Wells Fargo, U.S, Friday's

☆ What is UNIFIL, the United Nations peacekeeping force on the Israel-Lebanon border?
▼ + stars: | 2024-10-14 | by ( Kara Fox | ) edition.cnn.com time to read: +5 min

UNIFIL – the UN peacekeeping mission in Lebanon – has called the violations “shocking.”Israel has accused Hezbollah of operating in areas near UNIFIL posts. On Friday, two UNIFIL troops were injured after two explosions occurred close to an observation tower. The United Nations Interim Force in Lebanon (UNIFIL) was established by the UN Security Council following Israel’s first invasion into southern Lebanon in 1978. The UNIFIL troops are tasked with monitoring border violations and keeping the area, which includes Hezbollah strongholds – secure. While UNIFIL is a peacekeeping mission, troops can use force in certain circumstances, including self-defense, to protect civilians under the imminent threat of violence and to protect UN personnel facilities and equipment.

Persons: Lebanon –, ” Israel, Benjamin Netanyahu, ”, António Guterres, “, ” Guterres, Meiss ej Jebel, Israel, Aziz Taher, Harry Koundakjian Organizations: CNN, UN, UNIFIL –, UNIFIL, Israel, IDF, United Nations Interim Force, Reuters, UN Security Council, The Security, Advance UNIFIL, AP, Blue Locations: Lebanon, Labbouneh, Ramyah, shellings, Meiss ej, France, UNIFIL, Lebanese, Naqoura, Israel, Norwegian, Indonesia, Italy, India, Nepal, Ghana, Malaysia, Spain, China, Ireland, United Kingdom, Peru, Nigeria

☆ Tia Mowry found a good use for her wedding ring after the divorce, so the marriage doesn't feel like 'a waste'
▼ + stars: | 2024-10-14 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

Tia Mowry says she decided to repurpose her wedding ring into jewelry for her children post-divorce. "It just makes me feel like my marriage wasn't a waste," Mowry, 46, said. The "Sister Sister" actor and her ex Cory Hardrict finalized their divorce in April 2023, after 14 years of marriage. AdvertisementTia Mowry, 46, has found a good use for her wedding ring after her divorce. The "Sister Sister" star added that she had been thinking about her ex-husband when making her decision since he gave her the ring.

Persons: Tia Mowry, Mowry, Cory Hardrict, —, Cree, it's, De Beers Organizations: Service, Business Locations: Cairo

☆ Stocks making the biggest moves premarket: Flutter Entertainment, Boeing, SiriusXM, Caterpillar and more
▼ + stars: | 2024-10-14 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Crypto stocks – Stocks linked to cryptocurrencies rose as Bitcoin soared above $64,000 to start the week. Flutter Entertainment – The FanDuel parent company popped 4% after Wells Fargo upgraded shares to overweight , saying that investors should consider buying the stock following the recent sell-off. Boeing also postponed the delivery of its still-uncertified 777X wide-body plane and forecasted a wider-than-expected loss for the third quarter. Sirius XM Holdings – The audio entertainment company rose 3.5% after Warren Buffett's Berkshire Hathaway disclosed that it purchased more of the stock. Caterpillar – The industrial company slipped more than 2% after Morgan Stanley downgraded shares to underweight from equal weight.

Persons: MicroStrategy, Mara, Mara Holdings —, Coinbase, Wells, Warren Buffett's Berkshire Hathaway, Morgan Stanley, Goldman Sachs, AppLovin, Eli Lilly's, —, Alex Harring, Samantha Subin, Jesse Pound, Sarah Min, Hakyung Kim, Pia Singh Organizations: Mara Holdings, Boeing –, Boeing, Sirius XM Holdings, Berkshire, Sirius, Caterpillar, Walmart, Food and Drug Administration

☆ Earnings ramp up this week. Here’s what to watch for this season
▼ + stars: | 2024-10-14 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Earnings will be the main event this week, as Wall Street looks to add to recent record-setting gains. Nearly 40 S & P 500 companies are scheduled to post third-quarter results this week. Check out our latest Earnings Playbook for more on the names reporting this week. The 30 S & P 500 names that reported last week beat earnings expectations by an average of 5%, according to Bank of America. The S & P 500 closed above 5,800 for the first time on Friday.

Persons: Goldman Sachs, Morgan Stanley —, Ohsung Kwon, Banks, JP Morgan, corporates, Kwon, Fastenal, Lori Calvasina, It's, Dow Organizations: Netflix, Bank of America, RBC Capital Markets, Big, Dow Jones Industrial, Federal Reserve

☆ New York Liberty bounce back in Game 2 to even WNBA Finals against Minnesota Lynx
▼ + stars: | 2024-10-14 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +3 min

CNN —The New York Liberty bounced back from a stunning loss in Game 1 of the WNBA Finals, holding off a late rally by the Minnesota Lynx to win, 80-66, and even the series 1-1 on Sunday. The Liberty led by as much as 17, before entering halftime with a 49-39 advantage. Minnesota Lynx guard Courtney Williams shoots over New York Liberty star Sabrina Ionescu in Game 2 of the WNBA Finals. Lynx star Courtney Williams’ four-point play with 5.5 seconds left gave the Lynx their first lead in a game in which they trailed by as much as 18 points. As the clock expired in Game 1, Stewart was fouled under the basket, awarding the Liberty two free throws.

Persons: Breanna Stewart’s, Betnijah Laney, Hamilton, Sabrina Ionescu, Natisha Hiedeman, Alanna Smith, Stewart, Courtney Williams, Napheesa Collier, Pamela Smith, ” Stewart, “ We’re, Courtney Williams ’, Collier, Williams Organizations: CNN, The New York Liberty, WNBA, Minnesota Lynx, Liberty, Sunday, Lynx, Barclays Center . Minnesota Lynx, New York Liberty, ABC, Target Center Locations: York, , New York, Minneapolis

☆ British content creator dies trying to climb Spain’s highest bridge
▼ + stars: | 2024-10-14 | by ( Jack Guy | ) edition.cnn.com time to read: +1 min

CNN —A 26-year-old British man has died after falling from Spain’s tallest bridge during an attempt to climb one of its pylons. Local councillor Macarena Muñoz said he was accompanied by another British man, aged 24. “According to what we have been able to find out they had come to Talavera to climb the bridge and create content for social media,” Muñoz said in the statement. The British man is far from the first person to die in the pursuit of social media content in recent years. And in November 2019 a French tourist died after falling from a waterfall in Thailand while attempting to take a selfie.

Persons: Macarena Muñoz, ” Muñoz, Koh Samui Organizations: CNN, Talavera de la Reina, Nine, AFP Locations: Castilla, Mancha, Talavera de, Spain, Talavera, Australia, Victoria, Thailand, Thai, Koh

☆ Here are Monday's biggest analyst calls: Nvidia, Broadcom, Apple, Tesla, Flutter, Caterpillar, Alphabet & more
▼ + stars: | 2024-10-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are the biggest calls on Wall Street on Monday: TD Cowen reiterates Nvidia as buy TD said Nvidia remains a top pick at the firm. Goldman Sachs upgrades Ibotta to buy from neutral Goldman Sachs reiterates Alphabet as buy Goldman lowered its price target on the stock to $208 per share from $217 citing a slew of headwinds for Alphabet. Wells Fargo upgrades Flutter to overweight from equal weight Wells says investors should buy the dip in shares of the gambling company. Goldman Sachs downgrades AutoZone to sell from buy Goldman downgraded the auto parts retailer due to "muted growth." Goldman Sachs upgrades Ibotta to buy from neutral Goldman says it likes the growth opportunity for the mobile tech company.

Persons: TD Cowen, Mizuho, Goldman Sachs, Goldman, Wells, Truist, Morgan Stanley, Caterpillar, Piper Sandler, Tesla, Piper, wouldn't, it's, Baird, KeyCorp, Jefferies, it's bullish, Stock, GOOS, AppLovin, Oppenheimer Organizations: Nvidia, NVIDIA, Away Tech, Mizuho, AMD, Broadcom, UBS, Partners, Surgery Partners, Apple, VF Corp, Vans, UW, Walmart Locations: Wells Fargo, China

☆ European Central Bank set for third interest rate cut of the year in meeting this week
▼ + stars: | 2024-10-14 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

European flags flutter in front of the European Central Bank (ECB) building prior to a news conference following the meeting of the governing council of the ECB in Frankfurt/Main, Germany, on September 12, 2024. Daniel Roland | Afp | Getty ImagesThe European Central Bank is on course to deliver its third interest rate cut of the year at its meeting this Thursday, as policymakers say inflation risks are easing faster than previously expected. Headline price rises in the euro area cooled to 1.8% in September, below the central bank's 2% target. Bank of France Governor Francois Villeroy de Galhau last week described an October rate cut as "very likely" and said such a step "won't be the last." This led him to forecast ECB rate cuts will take place both this week and at each of the central bank's forthcoming meetings, until the deposit rate hits 2.5%.

Persons: Daniel Roland, Francois Villeroy de Galhau, Villeroy, Christine Lagarde, Joachim Nagel, Germany's Bundesbank, Jack Allen Organizations: European Central Bank, ECB, Afp, Getty, Bank of France, France, European Union, Citi, Media, U.S, U.S . Federal, Barclays, Capital Economics, Reynolds, Bank of America Global Research Locations: Frankfurt, Main, Germany, U.S .

☆ Stocks making the biggest moves midday: SoFi, Caterpillar, SiriusXM, Boeing and more
▼ + stars: | 2024-10-14 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: SoFi Technologies — Shares of the online personal finance company jumped 9.8% after SoFi announced a $2 billion agreement with Fortress Investment Group to grow its loan platform business. Crypto stocks — Stocks tied to cryptocurrencies surged as bitcoin gained more than 5% to top $66,000. Ibotta — Shares advanced 5.5% after Goldman Sachs upgraded Ibotta, a mobile platform that offers cash-back rewards, to buy from neutral. Flutter Entertainment — The online gambling stock rose 4% after Wells Fargo upgraded shares to overweight from equal weight, urging investors to buy the recent dip. Caterpillar — The industrial stock fell 1.7% after Morgan Stanley downgraded shares to underweight from equal weight.

Persons: SoFi, Warren Buffett's Berkshire Hathaway, Stocks, cryptocurrencies, bitcoin, AppLovin, Goldman Sachs, Goldman, Wells, Morgan Stanley, Eli Lilly's, —, Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Michelle Fox Organizations: Fortress Investment Group, Sirius XM Holdings, Berkshire, Sirius, Mara Holdings, Boeing, Walmart, of America, Caterpillar, U.S . Food, Drug Administration Locations: U.S

☆ 5 reasons why inflation will be stickier than expected going forward, Deutsche Bank says
▼ + stars: | 2024-10-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Investors need to be wary as sticky inflation remains a risk, Deutsche Bank says. But it's not yet time for investors to relax, Deutsche Bank wrote on Monday. "If inflation does return, this could have very important implications for markets," Deutsche Bank strategists said. While that much is true, history shows that easing cycles are precisely the time to be cautious over inflation, Deutsche said. The firm cited the fact that in August, US M2 money supply rose 2.0% year-over-year, the highest growth rate since September 2022.

Persons: —, Brent, Deutsche Organizations: Deutsche Bank, Service, Federal Reserve, Deutsche, Atlanta Locations: China, Israel, Iran, Iranian

☆ Why another delay of Boeing's new 777X plane is such a big deal
▼ + stars: | 2024-10-14 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

Boeing's 777X, its largest passenger plane, is delayed yet again. AdvertisementBoeing's future is dependent on the upcoming 777X, the world's largest passenger plane in production, which has been delayed once again. Boeing's last completely new widebody plane was the 787 way back in 2003. Qatar and Etihad have ordered 94 and 25 777-9s, respectively, for a collective 324 777X planes across the three airlines. The Boeing 777X's 10-abreast cabin mockup on display at Aircraft Interiors Expo in 2022.

Persons: —, planemaker, Kelly Ortberg, it's, Thiago B Trevisan, Julien de Rosa, ROSLAN RAHMAN, Max —, Max, Georg Wendt, Tim Clark, isn't, Clark, Richard Aboulafia, Aboulafia Organizations: Service, Boeing, British Airways, Emirates, Singapore Airlines, Airbus, Korean Air, Delta Air Lines, Lufthansa, Air New Zealand, Getty, Aviation, Etihad Airways, Etihad, Aircraft, Airlines Locations: Qatar, Emirates, Korean, AFP

☆ Bull markets tend to sputter in year three
▼ + stars: | 2024-10-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

.SPX mountain 2022-10-12 The S & P 500 has gained more than 60% during this bull market. However, prior bull markets have shown a tendency to lose a little steam in their third year. Bank of America research showed that 10 prior bull markets for the S & P 500 had an average return of -2% in months 25 to 36. Another thing to keep in mind is that even positive third years for bull markets tend to be bumpy. Of course, a slump for the S & P 500 could be an opportunity for small-cap stocks to catch up .

Persons: Ritesh Samadhiya, Sam Stovall, Russell Organizations: Bank of America

Search resuls for: "de"

25 mentions found