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☆ These stocks and bonds are set to win from the U.K.'s budget, analysts say
▼ + stars: | 2024-10-30 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

The U.K.'s Labour Party is set to unveil its national budget for the first time in 14 years later on Wednesday. Investment bank analysts have highlighted several stocks that could win or lose ground if the rumored measures are unveiled or curtailed. The Wall Street bank's analysts added that "U.K. long-dated yields might decline with easing budget uncertainty and continued inflation relief". The chancellor is reported to want to remove the inheritance tax relief available to investors holding stocks listed in this market in the Wednesday budget. Such a move may entice existing investors to sell the stocks, if the tax policy change likely impacts them.

Persons: Rachel Reeves, Goldman Sachs, Christian Mueller, Glissmann, Pound Sterling, Investec's Ben Newell, Alan Brierley, Investec's, Genuity, Canaccord Genuity, Alex Brooks, Justin Bates, Portia Patel, Michael Bloom Organizations: Labour, Finance, Investment, London Stock Exchange, Foresight, Fund, Greencoat, Renewables, Infrastructure, International, AIM, London Stock Exchange's, Technology Ashtead Tech Locations: United Kingdom

☆ Amazon's satellite spending has investors on edge. The payoff may be worth the wait
▼ + stars: | 2024-10-28 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

For now, analysts and investors are looking to Amazon's third-quarter earnings report Thursday night for more clarity. Amazon hopes that Kuiper could bring broadband connectivity to some 400 million to 500 million households that currently lack it. Bank of America, on the other hand, estimates around $3.5 billion in Kuiper spending next year. The Kuiper spending estimates might seem steep, but the analysts aren't telling investors to dump shares. The "ultra-compact" version of the Project Kuiper Amazon

Persons: Jeff Marks, Andy Jassy, Kuiper's, Marks, Kuiper, Evercore, BofA, Morgan Stanley, Morgan Stanley's, Starlink, Elon Musk's, EBITDA, Jim Cramer's, Jim Cramer, Jim Organizations: Amazon, Web Services, AWS, Wedbush Securities, Federal Communications Commission, FCC, Bank of America, FactSet, SpaceX, Viasat, CNBC Locations: Amazon's

☆ Sam's Club CEO says automating stores isn't a move to eliminate jobs
▼ + stars: | 2024-10-28 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +6 min

Sam's Club CEO told BI the warehouse club's automation push isn't about wanting to trim its workforce. Sam's Club CEO Chris Nicholas told Business Insider that the company's automation push isn't about trimming the number of employees in stores long-term. That's almost double what a typical club employs, according to Sam's Club. In the low-markup world of warehouse club retail, overall profitability is heavily tied to membership fees. If you are a Sam's Club worker who wants to share your perspective, please contact Dominick via email or text/call/Signal at 646.768.4750.

Persons: Chris Nicholas, —, Sam's, That's, Nicholas, that's, We've, we've, Damion Shelton, it's, he's, Dominick Organizations: Sam's, Service, Business, Walmart, Costco, Sam's Club, MIT Locations: Dallas, Grapevine , Texas

☆ Cramer says to not trade big winners ahead of earnings
▼ + stars: | 2024-10-28 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Monday discouraged investors from making any moves in high-value stocks ahead of earnings reports, especially in Big Tech — which will be viewed with intense scrutiny. "No one on Wall Street knows what any of the quarters will look like, except for the principals," he said. For example, he described why it's difficult to trade Alphabet based on earnings, saying that often some data in the Google parent's quarter fails to impress Wall Street. And according to Cramer, many on Wall Street will carefully examine each tech giant's spending on data centers and Nvidia products. "I am indeed trying to discourage you from trading these stocks ahead of the quarters.

Persons: CNBC's Jim Cramer, Cramer Organizations: Big Tech, Google, Microsoft, Apple, Nvidia Locations: China, It's

WASHINGTON — Among the many permutations for how the elections could end, one prospect has sparked chatter in both parties: Donald Trump could win the presidency while Democrats seize control of the House. Such a split would be rare — not since 1989 has a president entered office without his party controlling the House — and give Democrats substantial power over Trump's legislative agenda. In addition, persisting signs of ticket-splitting indicate Trump voters won’t all pull the lever for his party’s candidates down the ballot. The operative added that if Trump overperforms in rural areas, it could spell danger for a few Democratic-held House seats, such as Alaska's at-large district and Maine's 2nd District. “It’s why the American people will send President Trump a Republican House to secure the border, bring down inflation, and support law enforcement.”Asked about the prospect of a Trump presidency and a Democratic-controlled House, the Democrats' House campaign arm sounded an optimistic note that its party will win both.

Persons: Donald Trump, Kamala Harris, ”, “, Trump, Harris, — David Schweikert, Juan Ciscomani, didn't, Hakeem Jeffries, Jack Pandol, ” Pandol, Viet Shelton, Walz Organizations: WASHINGTON, Trump, GOP, Republicans, Democratic, Republican, Tucson —, House GOP, PAC, Congressional, Fund, NBC News, National Republican Congressional, “, gavels, Democrats, House, Democratic Congressional, Social Security Locations: Washington, Arizona, Phoenix, Tucson, Harris, Omaha, California, New York, D, Maine's, America

☆ Nvidia CEO Jensen Huang says AI will do parts of some jobs 1,000 times better — but it won't completely replace people
▼ + stars: | 2024-10-24 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

Jensen Huang says AI can enhance jobs — but won't replace humans entirely. AI could perform parts of some jobs up to 1,000 times better but not replace entire roles, he said. AdvertisementNvidia CEO Jensen Huang anticipates AI will do parts of some jobs 1,000 times better — but it will never replace the actual humans doing those roles. "Depending on the jobs we do, it could do 20% of our jobs 1000 times better. He previously said that he wanted Nvidia to be a company with "100 million AI assistants."

Persons: Jensen Huang, —, Huang, Kweilin, Goldman Sachs Organizations: Nvidia, Service, McKinsey Locations: Mumbai, India

☆ Industrial AI play Dover falls on a noisy quarter. Here's why we'd buy the dip
▼ + stars: | 2024-10-24 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

Dover on Thursday reported weaker-than-expected third-quarter results, pressuring shares of the industrial conglomerate with ties to AI data centers. Dover Why we own it : We own Dover as an industrial turnaround story with exposure to mega-themes, most notably the data center buildout to support artificial intelligence computing. That created headlines that implied Dover cut its full-year guidance, but in reality executives warned in advance that sales growth and earnings projections would be altered. To be sure, we are restricted from trading Dover's stock for the next 72 hours because Jim Cramer on Thursday mentioned the company on CNBC TV. Dover considers those areas its "growth platforms," and their increasing share of the portfolio carries positive implications for Dover's margins.

Persons: We're, Ingersoll Rand, Dover, Richard Tobin, Tobin, Jim Cramer, DOV, Dover's, —, Danaher, Jim Cramer's, Jim, Jason Marz Organizations: IDEX Corp, Management, CNBC, Dover, Mizuho Securities, Club Locations: Dover, Veralto, Europe

California, Colorado and Hawaii will soon allow their residents to vote on ballot measures that would remove language from their state constitutions prohibiting same-sex marriage. The landmark 2015 Obergefell v. Hodges ruling, guaranteeing same-sex couples across the country the right to marry, makes these state bans unenforceable. However, these ballot measures seek to proactively protect these marriage rights should Obergefell ever be overturned. Without Obergefell, there is federal legislation that would keep same-sex marriage rights mostly, but not entirely, intact: the Respect for Marriage Act. It’s a personal issue for LGBTQ couples who had to navigate a time when same-sex marriage wasn’t legal or straightforward.

Persons: Roe, Wade, Hodges, Paul Smith, Lawrence, Dobbs, “ We’ve, ”, don’t, ” Smith, Clarence Thomas ’, Samuel Alito, Clarence Thomas, Erin Schaff, Griswold, ” Thomas, Alito, Donald Trump, Mary Bonauto, Obergefell, ” Bonauto, Smith, Joe Biden, Bonauto, there’s, …, “, —, ” Susy Bates, It’s Organizations: . Texas, Jackson, Health Organization, . Connecticut, Republican, Movement Advancement Locations: California , Colorado, Hawaii, Georgetown, ., Washington, Lawrence, New York

☆ Pam Kaur: HSBC names first female chief financial officer, unveils a major overhaul
▼ + stars: | 2024-10-22 | by ( ) edition.cnn.com time to read: +2 min

A new leadership structure, which includes the appointment of Pam Kaur as the lender’s first female chief financial officer, would “unleash our full potential and drive success into the future,” CEO Georges Elhedery said in a memo to staff. The overhaul sees Elhedery tackle one of HSBC’s most intractable problems. HSBC (HSBC) did not say what the projected cost savings might be or indicate how many jobs would be affected, but more details could emerge when the bank reports third-quarter results on October 29. Kaur, 60, takes over as CFO having served as HSBC’s chief risk and compliance officer. She joined the bank in April 2013 as group head of internal audit.

Persons: London —, Pam Kaur, Georges Elhedery, Elhedery, ”, Ben Toms, Kaur, Colin Bell, Stephen Moss Organizations: London — HSBC, HSBC, RBC Capital Markets Locations: Hong Kong, London, United Kingdom, United States, France, Canada, Asia, Europe, East

☆ With Tyler's kids controversy, the biggest 'Love Is Blind' drama is happening off-screen again. That's still a win for Netflix.
▼ + stars: | 2024-10-22 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +11 min

Social media has been flooded with chatter about Tyler's relationship with his kids on "Love Is Blind." Neither Bri Thomas nor Lovetta Thomas responded to a request for comment from BI. AdvertisementTyler has encouraged viewers to 'be patient' and wait for his responseTyler and Ashley in "Love Is Blind" season seven, episode six. As for Tyler's "Love Is Blind" fiancée Ashley, she hasn't officially commented either. NetflixThis isn't the first time the biggest drama on "Love Is Blind" has happened offscreen and been revealed via social media.

Persons: Tyler, it's, —, Ashley, ove, lind, eason, l, liv, tim e, nd his, gations but, lon Organizations: Netflix, Service, sil, wer Locations: bor

☆ 'The million-dollar question of this election': Women's health startups are confronting a shifting legal landscape
▼ + stars: | 2024-10-22 | by ( Melia Russell | Rebecca Torrence | ) www.businessinsider.com time to read: +14 min

Founders of women's health startups feel doubly invested in this election, one of the closest presidential races of the century. They said another Trump victory creates uncertainty for reproductive health startups, from period trackers to online abortion clinics to embryo banks. For startup Julie, the legal status of emergency contraception is the "million dollar question of this election," said Amanda E/J Morrison. Trump's waffling on reproductive rights has put founders of women's health startups on notice. For some founders of women's health startups, this election is more than a political contest; it has ramifications for their livelihoods.

Persons: Julie, Amanda E, J Morrison, Morrison, Lily, Trump, We're, —, Kamala Harris, Trish Costello, Mika Eddy, Eddy, Samuel Corum, Jane, Roe, Wade, Hey Jane, Carli Sapir, Sapir, Donald Trump, Mark Wilson, Flo, Deena Shakir, Lauren Berson Sugarman, Berson, Alice Zheng, Zheng, Julie's, Dobbs, TikTok influencers, Julie swag, Julie Julie's, It's, Melia Russell, Rebecca Torrence Organizations: Suffolk University, Trump, Getty, Amboy Ventures, White, Lux Capital, Maven, Sciences, Vitra Labs, Investors, Walmart, JAMA, Business Locations: New York, Boston, Texas, California, we're, Roe America, Alabama

☆ Jim Cramer says not to panic over higher bond yields
▼ + stars: | 2024-10-21 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer examined Monday's market action and said investors shouldn't be too concerned about rising bond yields. "Stocks have soared with bond yields at these levels before; in fact, they've soared with the 30-year at 5%, they've soared with the 30-year at 6%, so let's stop it with the jeremiads." The indexes ticked lower on Monday as bond yields jumped, with the Dow Jones Industrial Average losing 0.8% and the S&P 500 dipping 0.18%. But Cramer noted that the stock market has "had a fabulous run," even as bond yields have been creeping up. Cramer acknowledged that some investors, particularly traders with a more short-term view, are inclined to automatically trim stocks when bond yields rise.

Persons: CNBC's Jim Cramer, shouldn't, Cramer Organizations: Dow Jones Industrial, Nasdaq, Federal

☆ Goldman forecasts just a 3% S&P 500 annual return the next 10 years, down from 13% the last decade
▼ + stars: | 2024-10-21 | by ( John Melloy | ) www.cnbc.com time to read: +2 min

The S & P 500 returned 13% annually the last 10 years, above the long-term average of 11%, according to Goldman. Goldman's bearish long-term forecast comes just as the S & P 500 has entered the third year of a bull market, garnering a 27% annual total return the last two years. "The current high level of equity valuations is a key reason our 10-year forward return forecast sits at the lower end of the historical distribution," stated the note. The firm said the equal-weight S & P 500 would produce higher returns than the regular benchmark because of the concentration risk. The Invesco S & P 500 Equal Weight ETF (RSP)F tracks an equally distributed version of the index.

Persons: Goldman Sachs, David Kostin, Goldman, Goldman's Organizations: Nvidia

☆ Dodgers vs. Yankees 2024 World Series preview: Predictions, pitching matchups and more
▼ + stars: | 2024-10-21 | by ( Fabian Ardaya | Chris Kirschner | ) www.nytimes.com time to read: +11 min

Our writers preview a World Series matchup between two of baseball’s most storied franchises, with no shortage of star power and storylines. He hit the go-ahead home run in the 10th inning of Game 5 of the ALCS to send the Yankees to the World Series. — KirschnerCheck back later for World Series predictions from The Athletic’s MLB staff. Now he’ll play in his first World Series against a franchise he grew up rooting for while living in Los Angeles as a child. AdvertisementBigger picture for Stanton: A possible World Series title (and perhaps an MVP award) would add to his growing Hall of Fame case.

Persons: Fabian Ardaya, Chris Kirschner, Eno, It’s, ‘ Nuff, weren’t, Gerrit Cole, Carlos Rodón, Andy Pettitte, Clarke Schmidt, Luis Gil, Tommy Kahnle’s, Clay Holmes, Luke Weaver, Jake Cousins, Daniel Hudson, Anthony Banda, Michael Kopech, Evan Phillips, Blake Treinen, Alex Vesia, Yoshinobu Yamamoto, Walker Buehler, Mookie Betts, Max Muncy, Will Smith, Tommy Edman, Tyler Glasnow, Gavin Stone, Clayton Kershaw, Dustin May, they’ve, Freddie Freeman, —, Kahnle, Weaver, Tim Hill, ’, Nestor Cortes, Juan Soto, Soto, Aaron Judge hasn’t, Gleyber Torres, Giancarlo Stanton, Shohei, Ohtani, couldn’t, DH Stanton, He’s, Stanton, Giancarlo Stanton isn't, Aaron Judge, Gerrit Cole RHP, Luke Weaver RHP, Fielding Austin Wells, Jack Flaherty RHP, Fielding Tommy Edman, Dave Roberts, Shohei Ohtani, John Sterling, Yankees Giancarlo Stanton isn’t, Aaron, Luis Gil GO, Maddie Meyer, Daniel Shirey Organizations: It’s Yankees, Dodgers, Yankees, Fox, Yankees ’, Dodger, Mets, MLB, . Dodgers, savor Dodgers, Rosenthal, Guardians, of Fame, Aaron, Fielding, NL Locations: pinstripes, Ohtani, barreling, Los Angeles, Cooperstown, —

☆ We are 15 days from the 2024 presidential election. Here's where things stand.
▼ + stars: | 2024-10-20 | by ( Brent D. Griffiths | John L. Dorman | ) www.businessinsider.com time to read: +9 min

The presidential race remains razor close, with control of the White House at a coin-flip. AdvertisementIn just over two weeks, Election Day 2024 will be here — a final cap to a wild, at times unprecedented presidential fight that, for the moment, remains far too close to call. Noted election forecaster Nate Silver's model now shows Trump with an extremely slight lead in what continues to remain a toss-up race. Harris trolled Trump on Friday for being "exhausted," referencing a string of interviews he has reportedly walked away from. In the overwhelmingly conservative state, there's a swing district, the Omaha-based Nebraska 2nd.

Persons: —, Joe Biden, Kamala Harris, Donald Trump's, pollster Kristen Soltis Anderson, iecuUVyJ5e, Kristen Soltis Anderson, Harris, Mark Robinson, Nate Silver's, Harris trolled Trump, Trump, Barack Obama, Hillary Clinton, She's, Mark Cuban, Liz Cheney, Obama, Bruce Springsteen, Clinton, Bon Jovi, He's, It's, Melania Trump, night's Al Smith, Mike Pence, cohosts, Nikki Haley, Elon Musk, Musk, Spencer Platt, Mary, there's, There's, Biden, Trump's, Warren Buffett's Organizations: Service, White, Labor, RCP, Trump, Gov, The New York Times, Democrats, GOP, Capitol, Fox, Tesla, PAC, Getty, Pennsylvania, North Carolina —, Democratic, Electoral, Nebraska, Nebraska Republicans Locations: North Carolina, Wisconsin , Michigan, Pennsylvania, Michigan, Siena, Georgia, Des Moines , Iowa, Philadelphia, New York, Michigan , Pennsylvania, Wisconsin, Nebraska, Maine , Nebraska, Omaha, Minnesota , New Hampshire, New Mexico, Arizona

☆ How a one-time GOP critic found alliance with Trump in pivotal Michigan Senate race
▼ + stars: | 2024-10-20 | by ( Manu Raju | ) edition.cnn.com time to read: +8 min

For more on the US Senate race in Michigan, watch CNN’s “Inside Politics Sunday with Manu Raju” this Sunday at 8 a.m. The former Republican congressman blamed then-President Donald Trump’s “chaotic leadership style” for costing his party two critical Senate seats in Georgia. He said that “the spell” around Trump had been broken by the US Capitol attack, which, he said, Trump’s actions “clearly” provoked. “Well, you’re damn right you had responsibility for this,” Rogers said of Trump on January 12, 2021. A fraying Democratic coalitionAs both sides see the race as a deadheat, the Senate Leadership Fund, a super PAC linked to Senate GOP Leader Mitch McConnell, is dropping a staggering $27 million in the final six weeks of the campaign.

Persons: Manu Raju ”, Mike Rogers, Donald Trump’s, Trump, “, Rogers, ” Rogers, Elissa Slotkin, Donald Trump, “ We’re, ”, Slotkin, ” Slotkin, Mitch McConnell, we’ve, “ I’ve, Spencer Platt, “ Slotkin, Osama Siblani, for, we’re, “ Kamala Harris, Alicia Smith, Chuck Stokes, Carolyn Clifford, Mandi, what’s, ” Trump, Harris, We’re, ‘ I’m, ” CNN’s Haley Talbot, David Wright, Max Rego Organizations: Senate, Warren , Michigan CNN, Republican, Democratic, Rogers, Trump, CNN, Republicans, GOP, –, Fund, ”, Political, American Political, Future Coalition PAC, WXYZ, Detroit Free Press, USA, Michigan Locations: Michigan, Warren , Michigan, Georgia, Detroit, Macomb County, Gaza, AdImpact, Michigan –, stoke, Southfield , Michigan, Mandi Wright, “

☆ Arizona is a top presidential battleground. But the Senate and House races there are taking place in their own universe.
▼ + stars: | 2024-10-19 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Sahil_Hs.Jpg | Sahil Kapur | ) www.nbcnews.com time to read: +6 min

In the House, two Republican congressmen are aiming to fend off a pair of Democratic former state legislators. Seven-term GOP Rep. David Schweikert is seeking to hang on against Amish Shah, a doctor, in the blue-trending Phoenix suburbs after winning by less than 1 point in 2022. And in the Tucson area, freshman Republican Rep. Juan Ciscomani is facing a rematch against Kirsten Engel after previously winning by under 2 points. Arizona’s two highly competitive House racesBoth of these House races are rated as “toss-ups” by the nonpartisan Cook Political Report With Amy Walter. “All four have distinct personalities,” said a Democratic operative working on House races, who spoke candidly on the condition of anonymity.

Persons: Mesa Mayor John Giles, Kamala Harris, Kari Lake, Donald Trump acolyte, Ruben Gallego, “, Donald Trump, ” Giles, hasn’t, David Schweikert, Shah, Juan Ciscomani, Kirsten Engel, Amy Walter, ”, Lake, “ Arizonans, Ciscomani, Blake Masters, Gallego, ” “, Trump, Lake’s, Don, Bacon, Dan Conston, Harris, Sen, John McCain, “ I’ve, I’m, ” Roberta Voss, Eli Crane, Crane, Jonathan Nez, Kevin McCarthy midsession, McCarthy, Marson Organizations: Mesa Mayor, Republican, Democratic, Senate, GOP, Trump, Nebraska Rep, Congressional, Fund, NBC News, Social Security, Navajo Nation, ” Arizona Republican, American Locations: Arizona, Phoenix, Tucson, Omaha, Navajo, ” Arizona

☆ Khashayar Javanmardi documents environmental decay on Caspian Sea
▼ + stars: | 2024-10-18 | by ( Zoe Whitfield | ) edition.cnn.com time to read: +7 min

CNN —Moving from Tehran to the more northerly lakeside city of Rasht aged 13, Khashayar Javanmardi’s youth was punctuated by weekends and extended holidays on the Iranian coastline of the Caspian Sea. “As an artist, I’ve always wanted to be an honest witness.”Locals call it the lake "Mother Caspian." Khashayar Javanmardi 2024 courtesy Loose JointsThe book oscillates between landscapes, portraits and the quiet scenes that fit somewhere in the middle. Khashayar Javanmardi 2024 courtesy Loose Joints“A question that I asked people was, ‘what is the role of the Caspian in your life?’,” said Javanmardi, who began working on the project at Iran’s Anzali Lagoon. Khashayar Javanmardi 2024 courtesy Loose JointsDespite the recklessness of higher political powers, during his travels Javanmardi found a sense of community in the people he met.

Persons: Khashayar, reminisced, Javanmardi, ”, I’ve, Nathalie Herschdorfer, Caspian, ‘, ’, “, ” Javanmardi, “ I’ve, — Organizations: CNN, UN, Elysée Museum, Environment Department Locations: Tehran, Rasht, Europe, Asia, Iran, Russia, Azerbaijan, Kazakhstan, Turkmenistan, Lausanne, Switzerland, Ukraine, Kiashahr Port

☆ Cramer approves opening a small position in Nike, but it's 'a risky call'
▼ + stars: | 2024-10-17 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday gave investors his stamp of approval to buy some shares of Nike , but he warned that such an investment is tricky. "You've got my blessing to put on a small position — only small — because if Nike really can turn itself around, the stock will take off long before the financials do," he said. "You need to get ahead of that, but it's a risky call, so I suggest building your position gradually over time." Nike is also somewhat hostage to the consumer environment in the U.S. and abroad Cramer said. And while he admitted he'd like more definitive proof of a Nike turnaround, Cramer noted that by the time that happens, it may be too late to get in to the stock.

Persons: CNBC's Jim Cramer, You've, Elliott Hill, John Donahoe, Cramer, Donahue Organizations: Nike Locations: U.S

☆ MLB playoff viewership surges as big market stars vie for World Series
▼ + stars: | 2024-10-16 | by ( Jake Piazza | ) www.nbcnews.com time to read: +3 min

The first game of the American League Championship Series on Monday night between the New York Yankees and Cleveland Guardians saw an uptick of 4% from 2023, grossing 3.9 million viewers, according to a TNT Sports spokesperson. The championship series gains come right after four successful league division series for MLB and its broadcast partners. The American League Division Series averaged 3 million viewers, a more than 20% increase from 2023, according to TNT Sports. Viewership for the National League Division Series rose too, with game four in each series climbing from 2022. The Yankees have a 2-0 game lead against the Guardians, and the Mets-Dodgers series is tied at 1-1.

Persons: Rob Manfred, Ohtani, Aaron Judge, ” Eldridge, Todd Boehly, CNBC’s Scott Wapner, ”, Jose Ramirez Organizations: League, National League, New York Mets, Los Angeles Dodgers, Fox Sports ’, Fox Sports, American League, New York Yankees, Cleveland Guardians, TNT Sports, New, NFL, MLB, Texas Rangers, Arizona Diamondbacks, “, Dodgers, Yankees, Major League Baseball, Mets, Guardians, Kansas City Royals

☆ Special counsel says obstruction charge against Donald Trump in January 6 case should stand
▼ + stars: | 2024-10-16 | by ( Holmes Lybrand | Hannah Rabinowitz | ) edition.cnn.com time to read: +2 min

CNN —Special counsel Jack Smith told a federal judge on Wednesday that the Supreme Court’s decision limiting some obstruction charges against those who stormed the US Capitol on January 6, 2021, should not apply to Donald Trump in the election subversion case against the former president. One primary reason the obstruction charge against Trump should stand, prosecutors argue, is that – unlike in the case involving a rioter that was before the Supreme Court – Trump is directly accused of creating false evidence though the plot to insert fake electors in the certification process. Trump is arguing the ruling should result in Judge Tanya Chutkan throwing out the case against him. “The defendant’s supplement ignores entirely that the superseding indictment includes allegations that involve the creation of false evidence,” prosecutors wrote Wednesday, namely, “the fraudulent electoral certificates.”Smith also urged the judge to ignore Trump’s claims of presidential immunity, calling them “deeply flawed” and “irrelevant” to the issue at hand and should wait to be argued in separate filings. Trump has been charged with multiple counts related to his alleged efforts to overturn the 2020 election results, including conspiracy to defraud the United States and obstruction.

Persons: Jack Smith, Donald Trump, – Trump, Mike Pence, Trump, Tanya Chutkan, ” Smith Organizations: CNN, Capitol, Trump Locations: United States

☆ Scream queen Kate Siegel has starred in some of Netflix's biggest horror hits. Now, she's tackling her scariest endeavor yet: directing.
▼ + stars: | 2024-10-16 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +11 min

She often collaborates with her husband, horror auteur Mike Flanagan, who wrote and directed both. Siegel has now moved behind the camera, making her directorial debut in the franchise "V/H/S." ShudderSiegel was already a longtime fan of the "V/H/S" franchise when she was approached to direct a segment for the latest installment, "V/H/S/Beyond," now streaming on Shudder. They didn't take no for an answer, however, and with some extra encouragement from her manager and her husband, Siegel agreed to take the leap. AdvertisementShe credits Josh Goldbloom, the producer responsible for rebooting the "V/H/S" franchise in 2021 after a seven-year hiatus, with changing her mind.

Persons: Kate Siegel, Netflix's, Usher, Mike Flanagan, Siegel, —, She's, Poe, Alanah Pearce, Shudder Siegel, Adam Wingard, Abigail, Josh Goldbloom, she'd, Flanagan, Gareth Cattermole, Trevor Macy, Kate, Denis Villeneuve, Jordan Peele, she's, I've, Stephen King, King, I'm, Shirley Jackson, he's, Charlotte Perkins Gilman Organizations: Service, Netflix, Toronto, Intrepid Pictures, Amazon Studios Locations: Bly

I think a record number of Black and African American voters, Jewish voters, union voters. Asked for comment, the Harris campaign referred to a memo to reporters Sunday pushing back on the GOP suggestion that the vice president's support is eroding among key groups. Trump and Republicans hope to see a big turnout from their base, namely white, non-college-educated, working-class voters. Johnson and his affiliated super PAC, the Congressional Leadership Fund, have raised a combined $266 million for House Republicans this cycle. Democrats are heavily focused on Pennsylvania as well, with all three top House leaders and the Harris campaign making stops here in recent weeks.

Persons: Mike Johnson, ” Johnson, “, I’m, ”, he'll, Donald Trump, Kamala Harris, Harris, Joe Biden, Biden, Johnson, Trump, “ I’m, it’s, we’re, It’s, Kevin McCarthy’s, McCarthy, Kevin, Helene, — Johnson, Ryan Mackenzie, Susan Wild, Rob Bresnahan, Matt Cartwright, Rob Mercuri, Chris Deluzio, Brian Fitzpatrick, Scott Perry, Lloyd Smucker, Pete Aguilar, ” Aguilar, they’ve Organizations: Steel, White, NBC News, African American, Jewish, Keystone State, —, Telemundo, CNBC, Trump, New York Times, Sienna College, Black, GOP, CBS, International Association of Fire Fighters, Teamsters, Senate, Biden, Steel Club, Republicans, House Republican Conference, Congressional, Fund, House Republicans, LSU, Ole Miss, Democratic Rep, Democratic, Freedom, Lancaster County Republicans, Democrats, House Democratic Locations: Pa, —, noshing, Hellertown, Nevada, Pennsylvania, Israel, Gaza, Las Vegas, California, New York, North Carolina, Allentown, America, El Tablazo, Dominican, South Florida, Texas, Arizona, Southern California, Allentown , Pennsylvania

☆ Financial stocks are still being woefully underappreciated by investors, Morgan Stanley says
▼ + stars: | 2024-10-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Positioning in financial stocks is light relative to other sectors, Morgan Stanley says. AdvertisementInvestors are lingering in defensive trades that don't take advantage of the economy's strength, Morgan Stanley said, highlighting opportunities in underinvested sectors. The firm — which just last week upgraded cyclical stocks to "overweight" relative to defensives — described the financials group as particularly attractive. Morgan Stanley said net exposure to financials was in the bottom 15th percentile of a historical data series that goes back to 2010. Morgan Stanley noted that this weakness lowered earnings-season expectations for investors, making it easier for major lenders to outperform forecasts.

Persons: Morgan Stanley, —, financials, Mike Wilson, Wells Fargo, Wilson Organizations: Service, Bank, JPMorgan, Utilities, defensives, ISM Locations: Basel

☆ Biden is going after corporate giants for being too big. Here's who he's targeted so far.
▼ + stars: | 2024-10-13 | by ( Katie Balevic | ) www.businessinsider.com time to read: +6 min

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 . "This is definitely a different agenda than previous presidents," Rebecca Allensworth, an antitrust expert at Vanderbilt University, told Business Insider. AdvertisementHere are some of the biggest companies Khan and Biden have targeted. "I think there's a reason why they have one big monopolization case, at least, against each of the four major American tech companies," Allensworth told BI.

Persons: Joe Biden's, Biden, —, Joe Biden, Rebecca Allensworth, Kamala Harris, Lina Khan, Khan, Rafael Henrique, Merrick Garland, Alain Jocard, Sundar Pichai, Justin Sullivan, Jeff Bezos, EMMANUEL DUNAND, WhatsApp, Allensworth, it's Organizations: Google, Apple, Meta, Microsoft, Service, Vanderbilt University, Big Tech, Federal Trade Commission, Nvidia, OpenAI, Department of Justice, The New York Times, FTC, Getty, Justice Department, Nation Entertainment, Prosecutors, DOJ, The, Department, Amazon, Tech, JetBlue, Spirit Airlines, Albertsons Companies Locations: OpenAI

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