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☆ The Washington Post is in deep turmoil as Bezos remains silent on non-endorsement
▼ + stars: | 2024-10-26 | by ( Hadas Gold | ) edition.cnn.com time to read: +6 min

New York CNN —One day after The Washington Post announced it would not endorse a presidential candidate in this year’s election or in the future, its billionaire owner remains silent as the newspaper’s staff are in turmoil. A source with knowledge told CNN on Friday that an endorsement of Vice President Kamala Harris had been drafted before it was squashed. But when Baron was in charge of the newspaper, Bezos “resisted that pressure” and he was “proud” and “grateful” for that leadership. “Bezos has other commercial interests, a big stake and Amazon, he has a space company called Blue Origin,” Baron said. “Reporting around the role of The Washington Post owner and the decision not to publish a presidential endorsement has been inaccurate,” Lewis said.

Persons: Jeff Bezos, Bezos, Kamala Harris, Marty Baron, Trump, ”, ” Baron, CNN’s Michael Smerconish, Bezos “, Baron, “ Bezos, “ Trump, Will Lewis’s, Lewis, ” Lewis, “, Harris, Robert Kagan, Donald Trump, ” Kagan, CNN’s Erin Burnett OutFront, Steven Cheung, Stephen Miller, Kamala, Bob Woodward, Carl Bernstein, ” “ Organizations: New, New York CNN, Washington Post, CNN, Amazon, ”, The Washington Post, Post, Blue, Los Angeles Times, Blue Origin, Trump, Washington Locations: New York, America, Washington

☆ Daughter of Los Angeles Times owner says Harris endorsement was blocked over Gaza war support
▼ + stars: | 2024-10-26 | by ( Liam Reilly | ) edition.cnn.com time to read: +4 min

New York CNN —The daughter of Los Angeles Times owner Patrick Soon-Shiong suggested on Saturday that herfather’s decision to block the newspaper’s endorsement of Vice President Kamala Harris was made over Harris’ support for Israel’s war in Gaza. “Our family made the joint decision not to endorse a Presidential candidate. Three members of the Times’ editorial board resigned over the decision. I’m proud of the LA Times’ decision just as I am certain there is no such thing as children of darkness. As with the Times, the decision was handed down by the publisher’s billionaire owner, Amazon founder Jeff Bezos, the newspaper reported.

Persons: Patrick Soon, Shiong, Kamala Harris, Harris, Nika, “, ” Patrick, “ Nika, ”, Barack Obama, Mariel Garza, ” Garza, Donald Trump, I’m, Trump, Jeff Bezos, ” Marty Baron, CNN’s Michael Smerconish Organizations: New, New York CNN, Los Angeles Times, New York Times, Apartheid, LA Times, CNN, Washington Post, Times, Amazon Locations: New York, Gaza

☆ Election Day stress is affecting some companies' sales
▼ + stars: | 2024-10-26 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Companies from United to Nestlé have talked about a sales slowdown due to the presidential election. AdvertisementOther companies have invoked the election but not provided details about the dynamics leading consumers to pull back. AdvertisementPeople under 34 were also more likely than older consumers to put off a major financial commitment until after the election, 84.51 found. AdvertisementMany companies are also forecasting that demand will return after either Trump or Harris wins the election. Polls show that the race between Trump and Harris is close to a toss-up just over a week ahead of Election Day.

Persons: Nestlé, —, Kamala Harris, Donald Trump, Trump, Brian Olsavsky, Olsavsky, Anna Manz, Alex Trott, Trott, Gen, Ron Hill, Harris, George W, Bush, Hill Organizations: United, Service, Constellation Brands, Delta, Nestlé, Business, Research, Boomers, BI, Deutsche Bank, Harris, Modelo, Constellation, Kogod School of Business, Trump, White Locations: Modelo, Butler , Pennsylvania

☆ Use this 4-point checklist to fail productively: Mistakes can teach you 'what the path looks like,' HBS professor says
▼ + stars: | 2024-10-26 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +1 min

Before Jeff Bezos molded Amazon into the world's most profitable online shopping platform, he launched zShops. Formerly called Amazon Auctions, the program allowed third-party sellers to list their products on Amazon. These efforts did, however, lead to the development of Amazon Marketplace, which houses 2.5 million third-party sellers. But not just any kind of failure — productive failure. A productive failure "taught you something about what the path looks like by saying, 'Hey, guess what?

Persons: Jeff Bezos, Bezos, Amy Edmondson, Edmondson Organizations: Amazon, Harvard Business School Locations: zShops

The decision not to publish the Harris endorsement was made by The Post’s owner, billionaire Amazon founder Jeff Bezos, according to the sources. We don’t see it that way," Will Lewis said in a statement about the decision published on The Post's website. The Post has endorsed a presidential contender in every general election since 1992. Trump sharply criticized Bezos during his presidency and derided the newspaper as "The Fake News Washington Post." Shortly after The Post announced its decision, Soon-Shiong tweeted a screenshot of an article about the news.

Persons: Harris, Jeff Bezos, Will Lewis, Lewis, —, Marty Baron, Baron, Donald Trump, Bezos, Trump, Karen Attiah, Kamala Harris, Semafor, Patrick Soon, Mariel Garza, Garza, Shiong Organizations: Washington, Amazon, NBC News, News Washington Post, Los Angeles Times, Columbia Journalism, White, Editorial, Post

☆ Critical Role's 8 co-founders say this is how they turned their 'Dungeons & Dragons' home game into an Amazon hit
▼ + stars: | 2024-10-25 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +6 min

'The Legend of Vox Machina' season 3's final batch of episodes dropped on Thursday. "The Legend of Vox Machina" has had three seasons of 12 episodes apiece so far. But it was based on a 115-episode-long "D&D" campaign, where each livestreamed episode clocked runtimes of three to four hours. "The Legend of Vox Machina" Prime Video animated series was based on Critical Role's first "D&D" campaign. Riegel told BI ahead of the third season's launch that the crew still has more stories to tell.

Persons: Vox, Sam Riegel, —, Matthew Mercer, Liam O'Brien, Marisha Ray, Travis Willingham —, Mercer, Vax'ildan, O'Brien, Ray, Percival de Rolo, Taliesin Jaffe, Jaffe, Riegel, Anna Webber, CR's, Ronin Willingham, Travis Willingham's, Willingham, Jon Kopaloff, Amazon Studios Riegel, Percival, " O'Brien, CR, hasn't, we're Organizations: Service, Business, CR, Getty, Amazon Studios, Prime Locations: Whitestone —

☆ Washington Post reports that owner Jeff Bezos stopped it from endorsing Kamala Harris
▼ + stars: | 2024-10-25 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

The Washington Post won't endorse a presidential candidate in 2024. Sources told the Washington Post that the paper's owner, Jeff Bezos, made the decision. AdvertisementThe Washington Post said Friday it won't endorse a candidate in the 2024 election — or in any future presidential races. Advertisement"Donald Trump will celebrate this as an invitation to further intimidate The Post's owner, Jeff Bezos (and other media owners)," Baron told NPR. AdvertisementThe Washington Post did not immediately respond to a request for comment from Business Insider.

Persons: Marty Baron, Jeff Bezos, —, William Lewis, Lewis, Bezos, Kamala Harris, Donald Trump, Baron, Semafor, Patrick Soon, Shiong, Mariel Garza Organizations: Washington, Washington Post, Service, NPR, Post, NASA, Bezos, Sierra Space, Los Angeles Times, Business

☆ United Airlines, Morgan Stanley among the most overbought stocks on Wall Street. Here are the others
▼ + stars: | 2024-10-25 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Stocks including United Airlines and Morgan Stanley have seen immense buying on Wall Street this week and could be in store for a pullback. United Airlines stock has surged more than 82% in 2024, and has a 14-day RSI of 85.9, which is the second-highest reading on the list. UAL YTD mountain United Airlines stock. Morgan Stanley stock is also overbought this week, with a 14-day of RSI of 79.5. MS YTD mountain Morgan Stanley stock.

Persons: Morgan Stanley, General Mills Organizations: United Airlines, Nasdaq, Microsoft, Nvidia, CNBC Pro, FactSet, Morgan, Moderna, Enphase Energy

☆ Bolt CEO changes RTO policy to 'stop the insanity of people working remotely from places like Bali.' Read the memo.
▼ + stars: | 2024-10-25 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +8 min

The CEO of European ride-hailing app Bolt is mandating workers return to the office 12 days a month. AdvertisementThe CEO of European mobility app Bolt didn't mince words earlier this month when calling workers back to the office. "We will stop the insanity of people working remotely from places like Bali," he said. "We believe that in-person collaboration drives innovation and performance, and our existing policy advises employees to work from a Bolt office for 2-3 days a week," a Bolt spokesperson said. "Starting from 1 January, this policy will be formalised with employees being asked to work from a Bolt office 12 days per month.

Persons: Markus Villig, Bolt, —, Villig, Elon Musk, flexibly, it'd, Read Organizations: Service, Business, Apple, Amazon, Sequoia Capital, Fidelity Management, Team, – Locations: Bali, Tallinn, Estonia, – Tallinn

☆ Short Amazon and Apple as they head into earnings season, say Itau BBA analysts
▼ + stars: | 2024-10-25 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Analysts at Itau BBA, the largest investment bank in Latin America, said investors should short Apple and Amazon before their quarterly financial results are released on Oct. 31. Investors also often use options contracts to take a short position on a stock to limit losses or amplify returns. However, Itau analysts said Apple's shares have "been performing well in a not-so-strong environment" and pointed to its elevated valuation levels. Apple stock now trades at 31 times price-to-next year's earnings, compared to the stock's five-year average of 26 times, according to FactSet. AAPL 1Y line Amazon Itau analysts said the e-commerce giant's profit margins will likely have peaked, which could lead to a sell-off after Amazon reports its quarterly earnings.

Persons: Shorting, Thiago Alves Kapulskis, Maria Clara Infantozzi, Apple's, AAPL, Infantozzi Organizations: Big Tech, Itau, Apple Intelligence, Apple Locations: Latin America

☆ Washington Post will not endorse a candidate in 2024 presidential election, breaking decades of tradition
▼ + stars: | 2024-10-25 | by ( Hadas Gold | ) edition.cnn.com time to read: +3 min

New York CNN —For the first time in decades, The Washington Post will not endorse a candidate in this year’s presidential election, the newspaper’s publisher announced Friday. “The Washington Post will not be making an endorsement of a presidential candidate in this election. Nor in any future presidential election,” Will Lewis said in a published statement. “We are returning to our roots of not endorsing presidential candidates.”The Post has endorsed a presidential candidate in every election since the 1980s. Trump called the Post “The Fake News Washington Post” and derided it as Amazon’s “chief lobbyist.”Trump directly accused Amazon of not paying enough taxes and taking advantage of the US Postal Service, among other claims.

Persons: “, ” Will Lewis, Lewis, ”, ” Lewis, Jeff Bezos, David Shipley, ” Shipley, Marty Baron, Donald Trump, Bezos, ” Baron, Trump, Amazon’s, ” Trump, Baron, Patrick Soon, Kamala Harris Organizations: New, New York CNN, Washington Post, Amazon, CNN, Bezos, News Washington Post, US Postal Service, Pentagon, Microsoft, Los Angeles Times Locations: New York, Washington

☆ Big Tech is creating a new market for small nuclear reactors — these stocks are ways to play it
▼ + stars: | 2024-10-25 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Small modular reactors (SMRs) promise to reduce capital costs and accelerate construction timelines that typically plague nuclear plants, but the technology has struggled to reach the commercial stage. The difference now is the appetite of tech companies for fossil-free fuel. The market for SMRs could grow by two gigawatts to five gigawatts by 2035 assuming big tech companies make up a majority of the demand, Percoco said. The small, pure-play advanced reactor companies NuScale and Oklo are options, but their stocks are volatile and business outlook uncertain. SMR OKLO 1M mountain NuScale Power has climbed 54% and Oklo by 117% in the past month.

Persons: Paul Zimbardo, Morgan Stanley, Andrew Percoco, Percoco, Zimbardo, NuScale, Sam Altman, Kenneth Parks Organizations: Google, Jefferies, CNBC, Amazon, Tech, Microsoft, Constellation Energy, GE Vernova, GE Locations: Kairos, Pennsylvania, SMRs, Idaho, Ontario

☆ The last time markets were this good was 20 years ago. Can we keep it up?
▼ + stars: | 2024-10-25 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

Until this week’s pullback, the market’s recent performance told a remarkable story. The S&P 500 rose for 37 of the last 51 weeks, matching a record reached in both 1989 and 2004. Political uncertaintyWith polls showing a tight race for the White House, investors have been increasingly on edge about the prospect of former President Donald Trump winning the election. While polls remain effectively dead even, political betting markets have swung in Trump’s favor since the start of this month. Deutsche Bank analysts warn that the recent rally may be difficult to sustain given these historically high valuations.

Persons: Donald Trump, Trump, ” Steven Ricchiuto, Henry Allen, it’s Organizations: New, New York CNN, Dow, Nasdaq, White House, Mizuho Securities, –, Deutsche Bank, Apple, Microsoft, Presidential, Federal Locations: New York, Israel

Counterfeiting has ballooned into a massive problem for Crye, costing it millions of dollars a year, said Jonathan Antone, the company's general counsel. By 2016, sellers were speaking out about Amazon's growing counterfeit problem, telling CNBC of the company's effort to openly court Chinese manufacturers. "There's a lot more space on that digital shelf for potential counterfeit products," he added. Agents seized "multiple tractor trailer loads" of counterfeit MultiCam products, estimated to be worth $8 million, according to court documents. Crye showed CNBC examples of counterfeit MultiCam products that were allegedly sold by retailer L&Q Tactical, one of the defendants in the lawsuit, on Amazon.

Persons: Ramin Kohanbash, Bernard Klein, Jonathan Antone, Crye, It's, it's, Counterfeits, Jason Goldberg, Goldberg, counterfeits, Kebharu Smith, Jeff Bezos, Bezos, Smith, We're, Antone, Ernesto Rodriguez, Crye's, Crye Precision's Ernesto Rodriguez Organizations: New York's Brooklyn Navy Yard, California, outfitters, California Surplus, CNBC, Amazon, Brand Registry, Justice Department, FBI, Prada, Homeland Security, Department of Defense, Agents, Crye Locations: New, New Jersey, America, Brooklyn, Brooklyn , New York, Arlington , Virginia, Texas, California

☆ Wall Street braces for a big week ahead of the election, with megacap tech earnings, key data on tap
▼ + stars: | 2024-10-25 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Investors will contend with earnings results from five of the Magnificent Seven companies next week. .SPX 1M mountain S & P 500 "I sort of refer to this period that we're in right now as like a strange brew," said Mark Malek, investment chief at Siebert. On Friday, the Nasdaq Composite hit an all-time high , but the S & P 500 snapped a six-week win streak. In fact, the high concentration of the mega-cap leaders in the S & P 500 spurred Goldman Sachs' David Kostin this month to release a dim long-term forecast for the overall market. HSBC head of equity strategy Nicole Inui upped her S & P 500 year-end target to 5,900.

Persons: Mark Malek, Siebert, Goldman Sachs, David Kostin, Siebert's Malek, they've, Nicole Inui, Inui, D.R Horton, Price, Eli Lilly, Lauder Organizations: Microsoft, Meta, Apple, Nasdaq, U.S, Treasury, Big Tech, HSBC, FactSet, Richmond Fed, Dallas Fed, Ford, Semiconductor, Caesars Entertainment, Devices, Pfizer, Royal Caribbean Group, PayPal, ADP, Kraft Heinz, Caterpillar, GE Healthcare Technologies, Holdings, ECI Civilian Workers, PCE, PCE Deflator, Chicago PMI, Cruise Line Holdings, Uber Technologies, Lauder Companies, Mastercard, Generac, Jobs, PMI, Manufacturing, Exxon Mobil Locations: U.S, Chicago

☆ More than half of workers say they've faced a 'bait-and-switch' in the hiring process: ‘This is a flaming red flag’
▼ + stars: | 2024-10-25 | by ( Jennifer Liu | ) www.cnbc.com time to read: +7 min

Though the job was remote, she was asked to commute an hour into the office for her first week of onboarding. Why companies bait-and-switch job candidatesExperiencing a bait-and-switch during job interviews is a frustrating candidate experience and highlights one of the many breakdowns in today's hiring process, says Jon Stross, president and co-founder of Greenhouse. For the most part, these experiences say more about the hiring team than you as a candidate, he says. How to confront a bait-and-switch job interviewAs far as confronting the experience as a job candidate, Stross says your best defense is to ask plenty of questions throughout the hiring process. "This is not a normal red flag — this is a flaming red flag."

Persons: Alexis Byrd, Byrd, —, I'd, it's, Jon Stross, Stross, It's, Pynes, Weston Davis, Davis, I'm Organizations: CNBC, Greenhouse, Fox Rothschild LLP, Dell, Walmart Locations: Detroit, U.S, Los Angeles, San Francisco

☆ Store closings have hit their highest level in years. Competition and higher prices crushed them
▼ + stars: | 2024-10-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

“It kept these players alive that couldn’t survive in normal situations.”Competition from juggernauts like Amazon, Walmart, Costco, Home Depot and other big-box retailers has also squeezed smaller chains. In 2017 and 2018, retailers closed a combined 13,400 stores, according to Coresight. Retailers closed a record 9,800 stores in 2019. Around 9,700 stores closed in 2020, according to Coresight. Drug store chains are also shrinking.

Persons: —, ”, Michael Brown, Kearney, ” Brown, Barbara Kahn, Charlotte Russe, Shopko, Ted Decker, Joann Fabric, Denny’s, Kelli Valade, Justin Sullivan, Amazon’s, It’s, ” Kahn, TJ Maxx, TJX Organizations: New, New York CNN, Walgreens, Research, Companies, Consumers, “, Walmart, Costco, Home, ” Retailers, United, University of Pennsylvania’s Wharton School, Coresight, Retailers, Sears, P Global Market Intelligence, CVS, Aid, Marshalls, Aldi Locations: New York, “, Amazon, United States, Gymboree, JCPenney, Tijuana, HomeGoods

☆ Millions joined a livestream selling tickets to space on a Chinese rocket
▼ + stars: | 2024-10-25 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Two tickets for passage on what could be the first Chinese rocket ship to take tourists to space were sold Thursday, according to a livestream held by the company, as the country’s commercial space firms aim to join a small but expanding global space tourism industry. Some 3 million people tuned in to the broadcast on Chinese shopping platform Taobao, which was the first time a Chinese firm has put tickets for space tourism up for public sale. Deep Blue Aerospace CEO Huo Liang (center) sells two tickets for his company's 2027 spaceflight alongside two hosts during a livestream on commerce platform Taobao. Amazon founder Jeff Bezos’ Blue Origin completed its first commercial human space flight with four private citizens in 2021, while Virgin Galactic, the space tourism venture founded by British billionaire Richard Branson, began offering regular trips to the edge of space last year. Deep Blue Aerospace is not the only Chinese firm with a plan to send humans to space.

Persons: –, “, SpaceX’s, Huo Liang, Huo, ”, what’s, Jeff Bezos, Richard Branson, Taobao Organizations: Hong Kong CNN, Deep Blue Aerospace, Aerospace, ” Companies, Blue Aerospace, Virgin Galactic, Companies, Polaris, Space Locations: Hong Kong, China, United States, British, ”

☆ These stocks reporting earnings next week have momentum on their side
▼ + stars: | 2024-10-25 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

A handful of companies reporting results in the upcoming week could see an earnings-powered boost. Megacap titans Microsoft , Amazon and Apple will headline the week, alongside other names within the travel, pharmaceuticals, energy and restaurant sectors. CNBC Pro screened FactSet for the companies reporting earnings next week that could receive a positive earnings surprise and see a jump in their shares. More than eight out of 10 of analysts covering Amazon view it as a buy, and the average price target suggests about 31% upside. Shares of Aptiv could rise another 29% from here, according to the average price target.

Persons: TD Cowen, Cowen, Andrew Kligerman, Aptiv, Wells, Colin Langan Organizations: Dow Jones, Megacap, Microsoft, Apple, CNBC, Insurance, MetLife, Bank of America, Citi, Amazon, Mastercard, Visa

☆ A top TikTok shopping exec explains its US growth strategy, from partnering with agencies to building up livestreaming
▼ + stars: | 2024-10-25 | by ( Dan Whateley | ) www.businessinsider.com time to read: +7 min

TikTok Shop is preparing for the holiday season as it crosses one year since its US launch. The company is pushing live shopping, influencer partnerships, and other selling tactics. The company has courted a roster of creators to promote products in exchange for a commission on sales. Related storiesHow do you think about introducing TikTok users to live shopping? I am really curious about this idea of the TikTok Shop creator ... How do you think about working with that cohort and using them to help grow the platform?

Persons: Nico Le Bourgeois, —, TikTok, Le Bourgeois Organizations: Service, Business, TikTok, Amazon, Walmart Locations: China, New York, LA, Seattle

☆ Big Tech goes nuclear: Amazon's pitch to use power plants shows the crucial role the energy source plays for AI
▼ + stars: | 2024-10-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, inside Amazon's internal pitch for turning to nuclear power to meet its growing energy needs . AdvertisementThat's led Big Tech to consider nuclear power to address its skyrocketing energy requirements. Nuclear power ticks that box better than other clean energy options like solar or wind. Nuclear power, meanwhile, is an industry in desperate need of some love , BI's Daniel Geiger and Ellen Thomas previously reported. From advertising platforms to AI tech companies, here's the startups to watch .

Persons: —, Jocko Willink, we've, Jenny Chang, Rodriguez, That's, Business Insider's Eugene Kim, Andy Jassy, it's, Sam Altman, Eugene, BI's Hasan Chowdhury, BI's Daniel Geiger, Ellen Thomas, Jim Burke, Vistra, Chelsea Jia Feng, Elon Musk, Jean Boivin, He's, Marc Benioff isn't, bashed, Miles Brundage, OpenAI, Emma Tucker's, Tucker, Mike Jeffries, SpaceX's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, Navy, Big Tech, Amazon, Microsoft, Google, Keystone, Hulton, Constellation Energy, Getty, EV, BlackRock Investment Institute, San Francisco, BI, AGI, Abercrombie, Fitch Locations: Fukushima, Pennsylvania, Arizona, New York, London

☆ Jeff Bezos killed Washington Post endorsement of Kamala Harris, paper reports
▼ + stars: | 2024-10-25 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

The Washington Post Building at One Franklin Square Building on June 5, 2024 in Washington, DC. Andrew Harnik | Getty ImagesThe Washington Post said Friday that it will not endorse a candidate in the presidential election this year, breaking decades of tradition, and sparking immediate criticism of the decision. "The decision not to publish was made by The Post's owner — Amazon founder Jeff Bezos," The Post reported, citing two sources briefed on the events. Trump, while president, had been critical of Bezos and The Post. Nor in any future presidential election."

Persons: Andrew Harnik, Kamala Harris, Donald Trump, Jeff Bezos, Trump, Boris Johnson, Michael M, Will Lewis, Lewis, Mariel Garza, Patrick Soon, Shiong, Garza, Marty Baron, Baron Organizations: Washington Post, Franklin, Democratic, GOP, —, Amazon, Pentagon, Microsoft, Trump, CNBC, British, Santiago, Getty, Post, Los, Columbia, The Locations: Washington , DC, New York City

☆ Jim Cramer's latest thinking on our industrial stocks after their post-earnings slumps
▼ + stars: | 2024-10-25 | 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. "So, maybe we hold on, but I've got to tell you, if it gets back to where it was, I've had enough of Honeywell," Jim 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, Jim, Dover's, They've, I've, Stocks, Jim Cramer's, DOV Organizations: CNBC, Big Tech, Apple, Mobile, Verizon, Amazon, Honeywell, Digital, Colgate, Palmolive, Newell Brands Locations: Dover

☆ CNBC Daily Open: In this time of uncertainty, markets seem to rely on logic
▼ + stars: | 2024-10-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 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. Amazon and Apple report earnings on Thursday, Oct. 31. Tariffs of China's steel exports China's steel exports will hit 109 million tons this year , the highest level since 2016, estimate strategists at Macquarie Capital. However, countries around the world are implementing tariffs on Chinese steel, which analysts predict will lower the country's steel exports starting 2025.

Persons: John Maynard Keynes, Tesla, Dow, Andy Sieg, –, —, Sarah Min, Pia Singh, Lisa Kailai Han Organizations: New York Stock Exchange, CNBC, Apple, Itau, Macquarie Capital, Wall, Nasdaq, Dow, Boeing, IBM, U.S Locations: New York City, U.S, Latin America, China

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside the team of former prosecutors trying to fight Amazon's growing counterfeit problemCounterfeits became a big problem on Amazon after an influx of Chinese-based sellers joined in 2015, causing brands like Nike and Birkenstock to quit selling directly on the site. In 2020, Amazon launched the Counterfeit Crimes Unit, which joined law enforcement on 50 raids and the seizure of 7 million counterfeit products in 2023. But retail experts say it's not enough. CNBC visited Amazon's team of former prosecutors and a military gear brand that's partnered with them to sue counterfeiters.

Persons: Counterfeits, Birkenstock, counterfeiters Organizations: Nike, Amazon, CNBC, Amazon's

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