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☆ A Change-Oriented Prime Minister Chooses a Link to a Troubled Past
▼ + stars: | 2023-11-13 | by ( Mark Landler | More About Mark Landler | ) www.nytimes.com time to read: +1 min

When David Cameron resigned as Britain’s prime minister after losing the Brexit vote in 2016, he offered members of Parliament a rueful valedictory: “I was the future once.” Few, perhaps including Mr. Cameron himself, expected to see him return. And yet on Monday morning, there he was, striding up the leaf-strewn driveway of 10 Downing Street to accept an appointment as foreign secretary from the current prime minister, Rishi Sunak. For Mr. Sunak, who has presented himself as a change agent, it is not just a surprising choice, but also a deeply counterintuitive one. Mr. Cameron is nothing if not a bridge to the Conservative past. The decisions he made, and the policies he pursued, are vexing Mr. Sunak’s government today, a dubious inheritance that helps explain the erratic course of a prime minister in political trouble.

Persons: David Cameron, Cameron, Rishi Sunak, Cameron’s, Sunak Organizations: Conservative, European Union

☆ 'Overemployed' Workers Secretly Juggle Several Jobs for Big Salaries
▼ + stars: | 2023-11-13 | by ( Aki Ito | ) www.businessinsider.com time to read: +21 min

Holding down multiple jobs has long been a backbreaking way for low-wage workers to get by. They freeze their employment histories with Equifax and hibernate their LinkedIn profiles, so employers can't see they're holding multiple jobs. Those with multiple jobs also seek out positions they hope will be OE-friendly — light on meetings, as well as on the workload. There's another incentive: Unlike most Americans, those who work multiple jobs don't have to worry about layoffs. There's something radical that happens to a worker's psychology when they have multiple jobs.

Persons: Bryan Roque, He'd, Roque, I'm, Isaac, Reddit, commiserate, he'd, it's, they're, —, Tyler Le, George, who's, I've, Allison, Cole, he's, Matthew Berman, hasn't, Meta, Tinder, jugglers, Taylor, they'll, normies, Redditor, she'd, she's, Aki Ito Organizations: Amazon, IBM, Meta, Financial Independence, J1, McKinsey & Company, J2 Locations: Meta, Tinder, New York, California, Meta's, tatters

☆ Opinion | Why Aren’t More People Getting Married? Ask Women What Dating Is Like.
▼ + stars: | 2023-11-11 | by ( Anna Louie Sussman | ) www.nytimes.com time to read: +3 min

Having written about gender, dating, and reproduction for years, I’m struck by how blithely these admonitions to get married skate over people’s lived experience. On the rare occasions that women are actually asked about their experiences with relationships, the answers are rarely what anyone wants to hear. In the late 1990s, the sociologists Kathryn Edin and Maria Kefalas interviewed 162 low-income single mothers in Camden, N.J., and Philadelphia to understand why they had children without being married. “Money is seldom the primary reason” why mothers say they are no longer with their children’s fathers. “There are women that are just out here trying, and the men aren’t ready,” she told me.

Persons: I’m, people’s, Kathryn Edin, Maria Kefalas, “, “ ghosted, ”, Camino, William Julius Wilson, Nora Ephron, Kearney, Daniel Cox Organizations: American Enterprise Institute Locations: Camden , N.J, Philadelphia

☆ What we'd like to see from 3 economic readings and 2 earnings reports next week
▼ + stars: | 2023-11-11 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

The major averages advanced again this week as earnings results came in largely better than expected, interest rates stabilized and oil prices dropped below $80 a barrel. Looking ahead, we'll get a couple more earnings results and some key inflationary data to chew on. In this past week, we bought 150 shares of DuPont (DD) and added 75 shares of Wynn Resorts (WYNN). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stocks, Wynn Resort's, WYNN, we'll, That's, —, we're, it's, PANW, Tyson, Henry Schein, Spero, Sanara, Sara Lee Corp, JD.com, Woodward, Jim Cramer's, Jim Cramer, Jim, Mario Anzuoni Organizations: Nasdaq, Dow Jones, Coterra Energy, Emerson, Disney, PPI, TJX, Palo Alto Networks, DuPont, Wynn Resorts, WYNN, Tyson Foods, TSN, Tower Semiconductor, Partners, Genius Sports, Spero Therapeutics, Star Bulk Carriers Corp, Beauty Health, Asure, Gladstone Capital Corp, TeraWulf Inc, Harrow Health, Afya, Sea, Paysafe Group Holdings, Solar Inc, Aramark Holdings Corp, Lending, Holding, BioXcel Therapeutics, IHS Inc, Rewalk Robotics, Acurx Pharmaceuticals, Energizer Holdings, Power Solutions, Rekor Systems, Wine Estates, Momentus Inc, SIGMA Lithium Corporation, AlTi, QuickLogic Corporation, Arcturus Therapeutics, Dada Nexus, Solutions, Target Corp, Parts, ZIM Integrated Shipping Services, Alto Networks, Cisco Systems, Chemical & Mining Co, PennantPark Investment Corp, Copa Holdings S.A, Walmart, Arcos Dorados Holdings, ARCO, NICE, Body, Warner Music Group Corp, Ross Stores, Homes, Dolby Laboratories Inc, American Software, ESCO Technologies, ZTO, International, BJ's Wholesale, Jim Cramer's Charitable, CNBC, Maxx Locations: Macau, Chile, Cayman, Pasadena , California

☆ Germany buys stake in EnBW's high voltage grid for $1.1 bln
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +1 min

Solar panels of Germany's largest solar park Weesow-Willmersdorf by energy supplier EnBW AG are seen during sunset in Werneuchen, Germany September 21, 2023. EnBW earlier this year already sold a 24.95% stake in TransnetBW to a savings banks-led consortium for around 1 billion euros ($1.1 billion). The group confirmed that KfW had bought its stake at the same conditions, without providing details. "We are delighted to welcome two long-term oriented and reliable co-investors on board at TransnetBW," EnBW finance chief Thomas Kusterer said in a statement. "This provides EnBW with additional funding for growth investments to accelerate the implementation of the energy transition in Germany."

Persons: Lisi Niesner, firming, KfW, Thomas Kusterer, Christoph Steitz, Jan Harvey Organizations: EnBW, REUTERS, Rights, Thomson Locations: Werneuchen, Germany, TransnetBW, Berlin

☆ Hong Kong finance summit tiptoes around China
▼ + stars: | 2023-11-09 | by ( Peter Thal Larsen | ) www.reuters.com time to read: +7 min

HONG KONG, Nov 9 (Reuters Breakingviews) - Hong Kong in November enjoys a pleasant climate that some local managers dub “chairman weather”. Hong Kong is hardly a hot destination for financiers right now. Companies raised just $2.7 billion from initial public offerings in Hong Kong in the quarter, a fraction of previous years. Hong Kong officials including John Lee, the territory’s chief executive, have been sanctioned by the U.S.. Follow @peter_tl on XCONTEXT NEWSThe Global Financial Leaders’ Summit was held in Hong Kong from Nov. 6 to Nov. 8.

Persons: Marc Rowan, Colm Kelleher, Morgan Stanley, Goldman Sachs, David Solomon, Jane Fraser, Ken Griffin, Hong, John Lee, Eddie Yue, Kung, Zhang Qingsong, Bob Prince, Mark Wiedman, Apollo’s Rowan, UBS’s Kelleher, Joseph Yam, Una Galani, Thomas Shum Organizations: Reuters, Apollo Global Management, UBS, Monetary Fund, Companies, Citigroup, Citadel, Hong Kong Monetary Authority, Hong Kong’s HK, Exchange, People’s Bank of China, Bridgewater Associates, BlackRock, Goldman, Bank for International, Global, ’, Thomson Locations: HONG KONG, Hong Kong, Europe, U.S, China . Hong Kong, China, People’s Republic, Hong, British, Singapore, BLK.N, ”

☆ Morgan Stanley says consumers looking for 30% discounts on holiday shopping before buying, sell retail stocks
▼ + stars: | 2023-11-09 | by ( Pia Singh | ) www.cnbc.com time to read: +5 min

Morgan Stanley highlighted several companies that are prepared to withstand — and even benefit from —consumers' shifting preferences this holiday season, as inflationary pressures dampen shoppers' budgets this quarter. According to Morgan Stanley's proprietary monthly survey, most holiday shoppers are looking to see 30% discounts, on average, before they begin spending this holiday season. A strong holiday season should benefit the entire airline industry given the ongoing demand for air travel among consumers across income brackets, according to Morgan Stanley. "Durable goods spending has slowed and that is expected to continue into the holiday season," Wilson said in the note. Toys could emerge as "relative winner" this season as they become a more top-of-mind purchase for parents during the holiday season, analyst Megan Alexander wrote.

Persons: Morgan Stanley, Michael Wilson, Morgan, They're, Ravi Shanker, Wilson, Amazon's, Brian Nowak, Lauren Schenk, Chewy, Morgan Stanley's, Alex Straton, Megan Alexander Organizations: Consumers, Delta Airlines, American Airlines and United Airlines, Southwest Airlines, Alaska Air Group, Apparel, Urban Outfitters, Abercrombie, Fitch Locations: Delta, U.S

(AP) — A federal jury is expected to hear attorneys' closing arguments on Wednesday in the perjury trial of a former top prosecutor for the city of Baltimore. Marilyn Mosby, who served two terms as state's attorney for Baltimore, declined to testify before her attorneys rested their case on the third day of her trial. Mosby's attorneys said she legally obtained and spent the money. Mosby told the truth when she certified on paperwork that the pandemic devastated her business, said the defense attorney, Maggie Grace. U.S. District Judge Lydia Kay Griggsby agreed to move Mosby’s trial from Baltimore to Greenbelt, Maryland, a suburb of Washington, D.C.Mosby’s attorneys argued that she couldn’t get a fair trial in Baltimore after years of negative media coverage.

Persons: Marilyn Mosby, Prosecutors, Mosby, Freddie Gray, Mosby’s, Sean Delaney, Maggie Grace, “, Marilyn Mosby’s, ” Grace, Scott Bolden, Lydia Kay Griggsby, couldn’t, Lea Skene Organizations: —, Baltimore, Democratic, Prosecutors, Economic, Mahogany Elite Enterprises, U.S, Washington , D.C, Associated Press Locations: Md, Baltimore, Florida, Kissimmee , Florida, , Florida, Greenbelt , Maryland, Washington ,

☆ Why these three money managers are betting big on AI ETFs
▼ + stars: | 2023-11-08 | by ( Natalie Zhang | ) www.cnbc.com time to read: +2 min

The number of exchange-traded funds in the artificial intelligence space has exploded in the past year. Big Tech may have led the initial foray into AI, but money managers are now seeing other sectors jump into the space. Global X ETFs manages the Global X Artificial Intelligence and Technology ETF, which looks at the larger AI names in the space and is an option to play the space in a measured way, he said. Another ETF that can give investors exposure to AI beyond traditional tech is the Global X Robotics and Artificial Intelligence ETF , said Maier. One ETF that launched earlier this year aiming to lean into the generative AI theme is the Roundhill Generative AI and Technology ETF.

Persons: Jon Maier, CNBC's, Maier, VettaFi's Todd Rosenbluth, Rosenbluth, Dave Mazza Organizations: Big Tech, Companies, Global, Intelligence, Technology ETF, Robotics, Technology

☆ Consumers are still spending, but they're under pressure. These stocks still have room to run
▼ + stars: | 2023-11-06 | by ( Pia Singh | ) www.cnbc.com time to read: +12 min

Persistent inflationary pressures have led to depressed levels of consumer spending all year, according to Bank of America. Consumers are still spending — in fact, they're spending more than they are earning — as employment levels and hourly wage growth remain fairly strong . Some analysts see an opportunity to pick up shares of battered-down retail stocks. According to Barclay's Yih, spending levels "almost have to be worse" next year. LPL's Roach similarly expects consumers spending to hit a roadblock in the coming months.

Persons: bode, Neuberger Berman, Steve Eisman, Jeffrey Roach, Adrienne Yih, Yih, Randy Hare, Ross, Polly Wong, Belardi Wong, James Lewis, Huntington's Hare, Bartlett, Chris Kempczinski, Lewis, …, it's, Anthony Chukumba, Chukumba, Wells, Ike Boruchow, Kathleen Entwistle, Entwistle, LPL's Roach, Morgan Stanley's Entwistle, Barclay's Yih, Roach Organizations: Bank of America, CNBC, Consumers, Barclays, Ross, Huntington National Bank, Bartlett Wealth Management, Walmart, Retailers, Republic, Urban Outfitters, Eagle Outfitters, National, Capital, National Vision, Nike, Ross Stores, Morgan Stanley Private Wealth Management, Investments, Citizens JMP Securities, Delta Air Lines, Deutsche Bank Locations: U.S, Wells Fargo

☆ An ad I wrote ended up on billboards all over New York City—I got paid less than you think
▼ + stars: | 2023-11-05 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

In 2016, I was a very broke writer living in New York, mostly stitching together a living through side hustles. When I reached out to RSR about forthcoming work, they told me they were working with Manhattan-based storage space company Manhattan Mini Storage on a series of billboards. They wanted quippy slogans connecting outer space and storage space. The turnaround time was so quick and I needed to keep making money — ideally more than $45 at a time. At that point, I had picked up a summer babysitting gig and was walking toward the subway on Manhattan's West Side Highway when I noticed a billboard from Manhattan Mini Storage.

Persons: We've, Einstein, Hillary Organizations: MTV News Locations: New York, Side, Manhattan, Tribeca, ., New Yorker

TAIPEI, Taiwan (AP) — Chinese Premier Li Qiang on Sunday pledged to continue deepening reforms, expand free trade zones and relax market access for foreign investment while seeking to generate excitement around a largely lackluster economy. China's economy expanded at a 4.9% annual pace between July-September, beating analysts’ forecasts of about 4.5%, official data show. The expo being held through Friday is an annual event launched by President Xi Jinping in 2018 with the theme of promoting China’s image as being in favor of free trade. This year’s expo brought Australian Prime Minister Anthony Albanese, currently paying an official visit to China which is largely focused on restoring trade links blocked for years due to economic and political tensions. Despite that, Li said China would continue to “actively pursue the accession to the CPTPP and the Digital Economy Partnership Agreement and negotiate for the conclusion of more high standard free trade agreements.”

Persons: Li Qiang, Li, Xi Jinping, ” Li, Anthony Albanese, Albanese, ” Albanese, Yang Hengjun, “ Organizations: 6th China, Sunday, Trans, Pacific Partnership, Digital Locations: TAIPEI, Taiwan, Shanghai, China, Beijing, Australia, Australian

Known for donning a bow tie and bicycle pin, Blumenauer, 75, has served roughly five decades in public office at the local, state and federal level. “I spent a career working to make Portland the most livable city in the country. He would go on to serve as a commissioner in Multnomah County, home to Portland, and on the Portland City Council before being elected to the U.S. House in 1996. His legacy remains visible today — a bike and pedestrian bridge that opened in the city last year bears his name. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.

Persons: Earl Blumenauer, We’ve, “, ” Blumenauer, Kevin McCarthy, that's, ”, Jonathan Maus, Blumenauer, Hakeem Jeffries, “ Earl, ” ___ Claire Rush Organizations: — U.S . Rep, Associated Press, Oregon House, Portland City Council, U.S . House, Congressional, Caucus, Rep, Washington D.C, Congress, quicken, Congressional Cannabis Caucus, Congressional Progressive Caucus, America Statehouse News Initiative, America Locations: PORTLAND, Oregon, Portland, City Hall, Multnomah County, Mount Hood, Columbia, America, ”, Washington

☆ A boomer who moved from California to Tennessee said the slower pace of life and lower cost of living are big pluses
▼ + stars: | 2023-11-04 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

A boomer recently moved from San Diego to Murfreesboro, Tennessee, for a lower cost of living. The semi-retired business owner said he's house hunting for homes that cost half as much as in San Diego. Murfreesboro, a city in the center of the state a one-hour drive from Nashville, may not have all the skyscrapers and tech headquarters of San Diego. He said he's found a vibrant business community in Tennessee with a slower pace of life and a lower cost of living. He's also had to sacrifice the consistently warm weather in San Diego for the warmer summers and colder winters of Tennessee.

Persons: —, Bob Giramma, Giramma, he's, It's, it's, we're, they've, He's Organizations: Service Locations: San Diego, Murfreesboro , Tennessee, Diego's, Murfreesboro, Nashville, Tennessee, California, Tennessee , Texas , Idaho , Nevada, North, South Carolina, Boston, Franklin

☆ Trump’s efforts to overshadow DeSantis in Florida take center stage
▼ + stars: | 2023-11-04 | by ( Steve Contorno | Kristen Holmes | ) edition.cnn.com time to read: +12 min

CNN —A Florida Republican lawmaker, after flipping his support to former President Donald Trump, is now publicly questioning Gov. Ron DeSantis’ support for the Jewish community. In the tug of war for home-state supremacy, Trump has gained the upper hand in part by exploiting rifts between DeSantis and Florida Republicans. Upstaging the governorThe personal vendettas help explain the lengths that Trump and his allies have traveled to upstage the Florida governor. “I think Ron DeSantis has been a good governor of Florida,” he told CNN.

Persons: Donald Trump, Ron DeSantis, DeSantis, Trump, Florida Sen, Rick Scott, Randy Fine, hasn’t, Scott, Fine, Byron Donalds, Matt Gaetz, ’, Trump’s, Nikki Haley, Sen, Joe Gruters, Gruters, ” Gruters, “, Paul Renner, ” Renner, ” DeSantis, Andrew Romeo, ” “, ” Romeo, —, Susie Wiles, Wiles, Justin Caporale, James Blair, Jennifer Locetta, Brian Hughes, DeSantis ’, “ He’s, Generra Peck, Marc Reichelderfer, Ken Cuccinelli, Matt Wolking, Erin Perrine, Kathleen Passidomo, ”, Stephen Cheung, Crooked Joe Biden, ” Cheung, Upstaging, Greg Steube, –, bagman, Caporale Organizations: CNN, Florida Republican, Trump, Florida Republicans, Republicans, DeSantis, GOP, Republican, Republican Party, Mar, Iran, Hamas, Sunshine State, Florida gubernatorial, South, Sunshine, “, White, Trump’s Department of Homeland Security, Capitol, Politico, Fair, Florida, House Locations: Florida, DeSantis, Orlando, Tallahassee, Miami, Hialeah, Israel, Iowa, South Carolina, ”, Washington, Lago

☆ 2 prominent conservative judges have quashed an investigation into their former clerk — and friend of Clarence Thomas — for texting 'I hate black people'
▼ + stars: | 2023-11-03 | by ( Jack Newsham | ) www.businessinsider.com time to read: +7 min

AdvertisementAdvertisementThe federal courts have spiked an investigation into racist text messages sent by a conservative activist-turned-law clerk who got jobs working alongside two federal judges with the full-throated support of Clarence Thomas . She also landed clerkships with two federal judges — Judge Corey Maze, a federal district judge in Alabama, and Judge William Pryor, an influential appellate judge. Last year, a federal judicial panel ordered that an investigation take place into whether Clanton actually sent the texts. After finishing law school, Clanton clerked for Maze, a federal judge in Anniston, Alabama from 2022 to 2023. Judge Debra Livington, the Second Circuit's chief judge, wrote in 2022 that Judges Pryor and Maze simply concluded that the New Yorker's reporting wasn't true.

Persons: Crystal Clanton, Clarence Thomas, —, Charlie Kirk's, Donald Trump's, Clanton, Clarence, Ginni Thomas, Corey Maze, William Pryor, Pryor, Maze, William Hodes, Clarence Thomas's, Mediaite, George Mason University's Antonin Scalia, Thomas, Pryor didn't, Jane Mayer, Judge Pryor, clerkships, Debra Livington, she'd, Charlie Kirk, Gabby Fe, Jack Newsham Organizations: Service, Fox News, New Yorker, Washington Post, Starbucks, George Mason University's Antonin Scalia Law School, Atlanta, Circuit, Appeals, Media, Second Circuit, Judicial, Judicial Conference, Yorker Locations: Alabama, America, Anniston , Alabama, New York

By then, county officials were seeing the area’s fatal opioid overdose toll tick up. “We were grossly underprepared, like I think many places across the country were, for the opioid epidemic,” Stuby said. Like hundreds of U.S. communities, it's launched a drug court where people can avoid jail if they work on recovery. They can lead to an entry-level certificate for work in the field — a partial answer to a recovery workforce crunch. His research has shown that recovery support services — such as housing, community centers and peer coaching — can help.

Persons: ”, Precia Stuby, “, Stuby, Jesse Johnson, Johnson, Anonymous, ” Stuby, didn’t, —, ” Johnson, it's, Kerri Kostic, Kostic, God, Meelee Kim, “ It’s, John F, Kelly, ____, haven't, Misty Weaver, Weaver, ___ Christina McCarver, ‘ Let’s, who's, McCarver, William Mull, Cory Kinn, “ That’s, they’ve, ___, she’s, I’ve, ” ___ Johnson, Patrick Orsagos Organizations: —, Findlay, Technology, University of Findlay, Brandeis University, Harvard Medical School, Family Resource, AP, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group Locations: FINDLAY , Ohio, Findlay, Hancock, drugmakers, Hancock County, U.S, Toledo, Mull, COVID, Washington

☆ The majority of the world's most family-friendly airlines are in one continent
▼ + stars: | 2023-11-02 | by ( Chelsea Ong | Harriet Akinyi | ) www.cnbc.com time to read: +2 min

Japan Airlines is the most family-friendly airline, according to a new ranking. Airlines from Asia dominated a new family-friendly airlines list compiled by travel website The Family Vacation Guide. The ranking was based on eight factors — including seat comfort, free seat selection and pre-boarding for families — for a total of 18 possible points. Yet lap fees are common: all airlines charged them but for Hawaiian Airlines and Lufthansa. Asia — big on familyPraowpan Tansitpong, an assistant professor at Nida Business School, attributed the dominance of Asian airlines on the family-friendly list to a difference in business priorities.

Persons: Tansitpong Organizations: Japan Airlines, Airlines, China's Hainan Airlines, Singapore Airlines, Qantas, China Southern Airlines, Lufthansa, Hawaiian Airlines, Nida Business School Locations: Japan, Asia, Western

☆ Why Jimmy Choo, Michael Kors, Versace, Kate Spade are suddenly one company
▼ + stars: | 2023-11-02 | by ( Kate Sammer | ) www.cnbc.com time to read: +1 min

These distinct designer brands all have something in common: a single parent company named Tapestry, Inc. That parent company has been getting bigger and bigger throughout 2023. "Growth-oriented acquisitions really help to drive the business further, " said Dana Telsey, CEO of Telsey Advisory Group. "New designers can create interest because you can extend your customer base, whether it's extending your customer base older or younger, or extend your customer base globally." The popularity of online shopping has also provoked retailers to pursue mergers that promote expansion online and in stores. As social media creates new avenues for promotion, brands grappling with the high cost of celebrity endorsements are looking to expand their resources through mergers and acquisitions.

Persons: Jimmy Choo, Versace, Michael Kors, Kate Spade, Dana Telsey Organizations: Telsey Advisory Locations: Europe

☆ Here are Thursday's biggest analyst calls: Amazon, Sunrun, Qualcomm, Eli Lilly, SolarEdge, Estée Lauder and more
▼ + stars: | 2023-11-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Bank of America reiterates Qualcomm as buy Bank of America said it's standing by its buy rating on the stock after its earnings report Wednesday. Citi reiterates Eli Lilly as buy Citi said it sees further upside after the company's earnings report Thursday. RBC downgrades Estée Lauder to sector perform from outperform RBC downgraded the stock after the company's earnings report. Pivotal upgrades Roku to hold from sell Pivotal upgraded the stock after its earnings report Wednesday. " Guggenheim downgrades SolarEdge to neutral from buy The firm said it's "giving up" on its positive stance on the stock.

Persons: RUN's, Taylor Morrison, WK Kellogg, Truist, Amgen, it's, Citi, Eli Lilly, Janus Henderson, underperform KBW, Estée Lauder, F1Q, Bernstein, Hess, CVX, Guggenheim, SolarEdge, Stifel Organizations: Bank of America, Qualcomm, HSBC, Amazon, BMO, Toll, M.D.C . Holdings, JPMorgan, Health, of America, UBS, Eastman Chemical, Citi, Management, RBC, Chevron Locations: Ecommerce, China, U.S

☆ The US economy is surging – but problems elsewhere could still torpedo profits for big companies like Apple and Tesla
▼ + stars: | 2023-11-01 | by ( Huileng Tan | George Glover | ) www.businessinsider.com time to read: +6 min

The US economy is surging, with growth coming in at a hotter-than-expected 4.9% for the third quarter. But problems elsewhere could still be bad news for big US companies, including Apple and Tesla. China's slowing economy and the war between Israel and Hamas are both potential headwinds, according to analysts. AdvertisementAdvertisementThe China challengeThat's bad news for mega-cap US firms such as Apple and Tesla, which count the Asian nation as a major market. On balance, risks to global growth continue to be skewed to the downside," the International Monetary Fund said in its Global Financial Stability report published last month.

Persons: —, Ukraine — that's, headwinds, Goldman Sachs, GfK, Michael Field, it's, Tom Donilon, Susan Li, Li Organizations: Apple, Service, Nvidia, Intel, Nike, China —, Morningstar Research, stoke, of America, DuPont, Procter, Gamble, International Monetary Fund Locations: Israel, China, Ukraine, Beijing, BlackRock, Iran

☆ The advertising environment is getting tougher to navigate. How these investors are trading it
▼ + stars: | 2023-11-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

A strong advertising market may be starting to feel the pressure from geopolitical risks erupting aboard and a higher-for-longer interest rate environment. But comments from some major technology players last week led to increasing questions that some investors have struggled to shake off. META 5D mountain Meta shares in recent trading sessions That concern added to declines in other ad-focused technology names, with Alphabet dropping nearly 10%. Instead, Tengler favors companies such as Amazon and Microsoft , which offer some, but less concentrated, exposure to advertising. Technology investor Paul Meeks is also shying away from the most popular advertising players — and big technology as a whole — until he sees a better setup for interest rates.

Persons: Susan Li, Gene Munster, Laffer, Nancy Tengler, Paul Meeks, Meeks, Roth, Rohit Kulkarni, Kulkarni, Michael Bloom Organizations: Apple, Meta, YouTube, Federal, Investments, Microsoft, Technology Locations: Israel, Munster, Ukraine

☆ The Dow is nearing the dreaded 'death cross.' What investors should know
▼ + stars: | 2023-11-01 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

If the two cross over, it would form the dreaded "death cross," which can indicate that momentum is weakening or sentiment is souring — and more downside could be on the horizon. It would be the first death cross for the average since late 2022. 'Something bad could happen' The threat of a death cross also underscores challenges specific to the Dow this year. Oppenheimer managing director Ari Wald advised investors to stay away from indexes near or at the death cross like the Dow or the Russell 2000 . Ultimately, technical analysts argue the death cross is both an important yet flawed measure.

Persons: Todd Walsh, Jeff deGraaf, That's, deGraaf, John Kolovos, Dow, Kolovos, Alpha Cubed's Walsh, Oppenheimer, Ari Wald, Russell Organizations: Dow Jones, Dow, Alpha Cubed Investments, Macro, Nasdaq, Federal Reserve

☆ Best 5-Year CD Rates for October 2023
▼ + stars: | 2023-10-31 | by ( Martha C. White | ) www.wsj.com time to read: +8 min

Best 5-year CD rates for NovemberA five-year CD is one of the more common CD terms available. Interest rates on 5-year CDs have not climbed as sharply this year as rates for CDs with shorter terms. Our CD rate picks reflect the best available five-year CD rates we found on DepositAccounts, com, which tracks roughly 275,000 rates at more than 11,000 banks and credit unions. You expect interest rates to fallThe current interest rate environment is great for savers, but if the U.S. economy slows, the Federal Reserve policy makers are likely to cut interest rates in order to stimulate the additional growth. These accounts’ interest rates are variable, so if prevailing interest rates decline, banks will cut their rates and you will earn less money.

Persons: Martha C, —, ”, Ken Tumin, Dillon Haviland Organizations: Federal Deposit Insurance Corp, Federal Reserve, TBH Advisors, FDIC, National Credit Union Administration Locations: U.S, Nashville, Tenn

☆ Gold is testing the key $2,000 level. Why analysts are bullish and where they think it can go next
▼ + stars: | 2023-10-31 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Chart analysts are optimistic on the price of gold as the metal tests a ceiling that has previously capped gains. Spot gold has traded around the closely-watched $2,000 level in recent days for the first time since May. And, if previous highs can be surpassed, "we do think it's got some room to run here." That's based on analysis of previous movement in the gold chart to estimate how high the metal could go in the near term. Cappelleri, meanwhile, is first watching $2,180 after previous highs, based on a technical analysis of measured moves.

Persons: Thomas DiFazio, it's, Katie Stockton, Frank Cappelleri, Cappelleri, DiFazio, Mark Newton, Newton, It's Organizations: Bank of Japan Locations: Israel

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