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☆ The head of Cubist's centralized high-speed trading unit is out after less than a year
▼ + stars: | 2024-10-17 | by ( Alex Morrell | ) www.businessinsider.com time to read: +3 min

The exec leading Cubist's centralized high-frequency trading unit is leaving the firm. Cubist, the quant arm of pod shop Point72, has invested heavily in its centralized trading effort. AdvertisementCubist Systematic Strategies has been investing tens of millions into a centralized trading operation. He has a background in FX futures, working at Radix, 3Red, and most recently Citadel Securities, where he was a quant researcher in high-speed, machine-learning-driven trading strategies, according to his LinkedIn and personal website. While he only officially joined Cubist last year, he was recruited in 2021 and was subject to a two-year noncompete clause.

Persons: Vibhav Bukkapatanam, —, Bukkapatanam, Denis Dancanet Organizations: Service, Citadel Securities, Citadel, Tower Research Locations: multimanager, HFT, Dancanet

More significant to the political dynamics at play, however, is how the civilian overseas vote has eclipsed military voters abroad. “As it turns out, there are more overseas civilian voters than there are military voters,” said Michael McDonald, a University of Florida political science professor. GOP congressmen suing their own stateIn the Pennsylvania case, the dispute is over how overseas ballots are being vetted. Democrats, who intervened in the case, argue that the Republican lawmakers’ request could disenfranchise “tens of thousands” of overseas voters, including those in uniform. “Our lawsuit does not in any way affect military voters’ right to vote, which is protected by federal law under UOCAVA.

Persons: Kamala Harris, Donald Trump, Jocelyn Benson, they’ve, ”, it’s, Michael McDonald, Research he’s, Martha McDevitt, Pugh, McDevitt, who’ve, Michael Whatley, Benson, ” Patrick Gannon, “, it’d, we’re, Joe Biden’s, ’, disenfranchise, Pat Ryan, Lloyd Austin, Trump, ” Ryan, Ryan, ” Claire Zunk, ” McDevitt, they’re Organizations: CNN, Democrats, Commission, Republican, Michigan, ”, Republican National Committee, Republicans, Trump, Democratic, Overseas Citizens, EAC, University of, Research, North, RNC, North Carolina Board of, Elections, Social Security Locations: Pennsylvania, North Carolina, Michigan, Detroit, Harrisburg, University of Florida, Maine, Colorado, ”, New York, Iraq

☆ The breakout in cruise line stocks may be just getting started, according to the charts
▼ + stars: | 2024-10-17 | by ( David Keller | ) www.cnbc.com time to read: +3 min

While charts like Carnival Corp. (CCL) have once again become overbought, the strength of the recent breakout suggests they may just be getting started. The longer a resistance level is tested, the more meaningful it becomes when the price finally breaks above this price ceiling. As long as CCL remains above this breakout level, the uptrend phase appears to be in good shape. Note the daily RSI which has pushed above the crucial 70 level on the recent breakout. The recent breakout for cruise lines like Carnival Corp. suggests that the uptrend phase may just be beginning.

Persons: Alan Shaw, Alexander Elder, David Keller Organizations: Carnival Corp, RSI, CMT, CNBC, NBC UNIVERSAL

☆ Threads added a green dot to show you're online. I have a theory about why.
▼ + stars: | 2024-10-17 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

Threads has added a green dot that shows when you're online. Instead, it's a green dot that signals when you're online. The green dot is turned on by default, but you can turn it off completely, or enable it to be seen only by mutual followers. But do you need a green dot to indicate you're talking about the Mets game or whatever is on Bravo at that moment? I don't imagine the green dot will change the way I engage with people, but I like to lean into the creepiness.

Persons: it's, It's, —, I've, Adam Mosseri, Meta, Alec Booker, Booker Organizations: Meta, Service, Twitter, Mets, Bravo, hashtags, Big Tech

☆ Some workers qualify for a maximum Social Security retirement benefit. But even people with moderate earnings can increase their checks
▼ + stars: | 2024-10-17 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

With that increase, the maximum Social Security benefit for a worker retiring at full retirement age will jump to $4,018 per month, up from $3,822 per month this year, according to the Social Security Administration. Who gets maximum Social Security benefits? Since Social Security retirement benefits are calculated based on the highest 35 years of earnings, workers need to consistently have wages up to that threshold to earn the maximum retirement benefit. If a wealthy person has other sources of income, for example from investments that do not require payroll tax contributions, that will not affect the size of their Social Security benefits, said Jim Blair, vice president of Premier Social Security Consulting and a former Social Security administrator. How can you increase your Social Security benefits?

Persons: Paul Van de, Van, Water, Jim Blair Organizations: Social, Social Security, Social Security Administration, Security, Budget, Premier Social Security Consulting

☆ Daters increasingly seek shared political views. Popular dating apps are ready to meet the moment
▼ + stars: | 2024-10-17 | by ( Kaanita Iyer | ) edition.cnn.com time to read: +8 min

“It’s really about making sure (the app’s users) understand what is kind of at stake,” she added. Meanwhile, OkCupid has added a dozen new matching questions that focus on voter behavior and help show users more compatible profiles. While registered US voters are split near evenly between the two parties, according to Pew Research Center, daters on OkCupid tend to lean more liberal. Debono recognizes that political concerns are important to daters, especially ahead of a presidential election. “Political alignment is increasingly becoming a nonnegotiable factor for many people who are dating,” Debono said.

Persons: Tinder, “, ”, Stephanie Danzi, OkCupid, “ Trump, Michael Kaye, Joe Biden, Donald Trump, ” Kaye, Ashley Houghton, ’ ”, Houghton, daters, Lisa Wade, Wade, George Floyd’s, —, cautiousness, ” Wade, we’re, Casey Klofstad, ” Klofstad, Bumble, John McEntee, Raquel Debono, ” Debono, Debono Organizations: CNN, Tinder, Vote.org, OkCupid, Pew Research Center, “, Tulane University, University of Miami, ” CNN Locations: California

☆ Rejection therapy is trending. Here’s what experts say about it
▼ + stars: | 2024-10-17 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +6 min

She did it in the name of rejection therapy, a popular trend on social media that encourages people to ask strangers odd requests that will most likely get a “no” in response. Here’s what Wilmer and other experts have to say about this social media trend and how to ensure these challenges are beneficial and not harmful. Jiang had blogged about himself performing rejection therapy for 100 days after being inspired by a card game Canadian entrepreneur Jason Comey originally developed. At the beginning of the challenge Panning felt she had to hype herself up and brace herself for the answer she thought would come. And while many of her requests resulted in rejection, Panning said she was surprised to find that sometimes strangers would instead say yes.

Persons: Michelle, “, ”, Taylor Wilmer, Wilmer, Jia Jiang, Jiang, Jason Comey, Jiang’s, ” Jiang, Jourdan Travers, Travers, ” Wilmer, “ It’s, you’re Organizations: CNN, InStride Health, Social Anxiety Locations: Virginia, New Jersey

☆ Chinese robotaxi firm Pony AI files for U.S IPO
▼ + stars: | 2024-10-17 | by ( ) www.cnbc.com time to read: +2 min

Pony AI, in which Japan's Toyota owns a 13.4% stake, revealed that its revenue nearly doubled to $24.7 million in the first half of 2024. Net loss attributable to the company was $51.3 million in the same period, compared with $69.4 million last year. The number of Chinese companies that pursued stock market flotations in the U.S. dropped in the past few years after Beijing clamped down on offshore capital-raising in 2021. EV maker Zeekr's debut in May was the first big listing by a Chinese company in the U.S. since then. Pony AI has applied to list on the Nasdaq stock exchange under the ticker symbol "PONY."

Persons: Saudi Arabia's NEOM, BingEx, Goldman Sachs Organizations: Toyota, U.S . Federal Reserve, Japan's Toyota, Saudi Arabia's, Zeekr's, Nasdaq, BofA Securities, Deutsche Bank, Huatai Securities, Tiger, underwriters Locations: Beijing, China, U.S, Saudi

☆ Overseas UK territories are the ‘biggest enablers of corporate tax abuse,’ tax advocacy group says
▼ + stars: | 2024-10-17 | by ( Dylan Butts | ) www.cnbc.com time to read: +4 min

Advocacy group Tax Justice Network has ranked the British Virgin Islands, followed by the Cayman Islands and Bermuda as "most complicit" in helping corporations underpay corporate income tax. Traffic_analyzer | Digitalvision Vectors | Getty ImagesBritish overseas territories are the world's top enablers of corporate tax abuse, according to a ranking by tax advocacy group Tax Justice Network. The British Virgin Islands is the territory "most complicit" in helping multinational corporations underpay corporate income tax, followed by the Cayman Islands and Bermuda, according to the latest update to TJN's Corporate Tax Haven Index earlier this month. TJN estimates that the UK and its British tax havens cost other countries an estimated $84 billion in corporate taxes annually. Defending themselves against the charges made by the advocacy group, spokespersons from some of the governments said they were in full compliance with international tax standards set by the Organisation for Economic Co-operation and Development.

Persons: FCDO, Broad, TJN, pushback Organizations: Tax, Network, Getty Images, Tax Justice Network, Corporate, TJN, CNBC, Switzerland, Organisation for Economic Co, Development, British, Foreign, Commonwealth, Development Office, OECD, CRS, Crown Dependencies, Overseas, BVI Finance, British Virgin Islands, UK Government, United Nations, UN Locations: British Virgin Islands, Cayman Islands, Bermuda, British, Singapore , Hong Kong, Netherlands, United Kingdom, Jersey, Overseas Territories, British Virgin, U.S, Australia, Canada, Israel, Japan, New Zealand, South Korea

☆ How to build up your bets – and your returns – in dividend-paying stocks
▼ + stars: | 2024-10-17 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Dividend stocks could be poised to get their moment in the sun as interest rates fall – and investors only need to take a simple step to boost their long-term returns in these positions. "As rates fall, we might see people looking for longer-term alternatives and, in turn, dividend-paying stocks," he said. For starters, it's a form of dollar-cost averaging into a position, meaning you're buying the stock at regular intervals regardless of the price. "It allows them to reinvest this dividend on a regular scheduled timeframe and have a great opportunity for a larger total return over the long term." The ProShares S & P 500 Dividend Aristocrats (NOBL) has a total return of nearly 15% in 2024 and an expense ratio of 0.35%.

Persons: Dan Stein, Charles Schwab, Jay Spector, That's, would've, you'll, Stein, – CNBC's Chris Hayes Organizations: Federal Reserve, Investors, CFP, EverVest, Machines, IBM, Target Corp, Apple, Broadcom, Microsoft, Exxon Mobil, Internal Revenue Service Locations: Tysons Corner , Virginia, Scottsdale , Arizona

☆ I tried Wendy's new Krabby Patty meal inspired by 'SpongeBob SquarePants.' Nostalgia isn't enough for brands to win over customers.
▼ + stars: | 2024-10-17 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +2 min

Wendy's "SpongeBob SquarePants" collab features a new burger and a pineapple-flavored Frosty. When I ordered the meal, The Krabby Patty came with tasty toppings and a tangy signature sauce. Wendy's teamed up with Paramount, which owns Nickelodeon, and "SpongeBob SquarePants" to celebrate the cartoon series' 25th anniversary with a limited-time-only meal collaboration, which launched on October 8. "The Wendy's Krabby Patty is just a standard Wendy's burger with different sauce." This is what I thought of Wendy's new Krabby Patty meal.

Persons: SpongeBob, Patty, —, Wendy's, Wendy, Mufasa, Scar Organizations: Service, Nickelodeon, Paramount, Daily Mail, Business, gripes

☆ The curious hunt for the company behind Trump watches
▼ + stars: | 2024-10-17 | by ( Steve Contorno | Scott Glover | ) edition.cnn.com time to read: +14 min

Dozens of deals over the years have resulted in products ranging from Trump Vodka and Trump Steaks to giant skyscrapers emblazoned with his surname. “Would make a great Christmas Gift.”In this still photo from a promotional video, former President Donald Trump holds a watch branded with the Trump name. The Trump Watches website is, in fact, peppered with disclaimers. “We specialize in creating anonymous LLCs to shield your personal information from public eyes,” the website for Wyoming LLC Attorney says. Wyoming LLC Attorney can help launch a new LLC within 24 hours, it advertises.

Persons: Wyoming CNN —, Donald Trump, ”, Trump, “, hasn’t, couldn’t, TheBestHoneyOnEarth, Vladimir Dmitriev, Dmitriev, “ We’ve, ” Andrew Pierce, Carol Mendelsohn, Pierce’s, Mark Pierce, Pierce, ” Trump, —, “ You’re, Oisín, Tim Mosso, “ It’s, ” Mosso, Trump’s, Donald J, TheBestWatchesOnEarth, it’s, ” Pierce Organizations: Wyoming CNN, CNN, Trump, TheBestWatchesOnEarth LLC, Republican, LLC, and Drug Administration, FDA, White, Trump Organization, TheBestWatchesOnEarth, Trump Vodka, NFT International, 45footwear, Mar, YouTube, The Trump Organization, Cloud, Law Locations: Sheridan, Wyoming, Montana, Washington, DC, Montenegro, “, Sheridan , Wyoming, Puerto Rico, Manhattan, Cheyenne , Wyoming, Philadelphia, TheBestWatchesonEarth, United States

“What message do you think it sends to independent voters when you do not directly answer the question: Did Donald Trump lose in 2020?" “First of all, on the election of 2020, I’ve answered this question directly a million times: No. You could say — well, let’s say your view is that happened and we still think Trump lost, or that happened and we think that means Trump won,” Vance said. Tim Walz, pressed him about the outcome of the 2020 election. “Did he lose the 2020 election?” Walz asked.

Persons: Sen, JD Vance, Ohio, Donald Trump, Fielding, Vance, Trump, Joe Biden, “, I’ve, ” Vance, Hunter Biden, we’re, “ I’ve, Tim Walz, ” Walz, “ Tim, I’m, ” Organizations: Republican, Trump, Big Tech, U.S, Congress, ABC, Democratic, Minnesota Gov, The New York Times Locations: WILLIAMSPORT, Pa, —, Pennsylvania, Wilmington , North Carolina, Georgia, Minnesota, Williamsport

☆ Fulton County DA Fani Willis asks appeals court to reinstate six charges in Trump election case
▼ + stars: | 2024-10-16 | by ( Zoë Richards | Zoë Richards Is A Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

Fulton County prosecutors asked a Georgia appeals court this week to restore six charges against former President Donald Trump that were tossed in his indictment over attempts to overturn his 2020 election loss in the state. In a court filing, prosecutors from Fulton County District Attorney Fani Willis' office requested that the state's Court of Appeals reinstate six counts, including three against Trump, that she said Fulton County Superior Court Judge Scott McAfee wrongly discarded earlier this year. "The trial court erred by quashing six counts of the indictment in this case, each of which alleged the crime of Solicitation of Violation of Oath by Public Officer," they wrote. The three solicitation counts against Trump included accusations that he solicited Georgia House Speaker David Ralston and twice solicited Georgia Secretary of State Brad Raffensperger. Four of the original 19 co-defendants in the case have pleaded guilty, while Trump, Meadows, Giuliani and the others have pleaded not guilty.

Persons: Donald Trump, Fani Willis, Scott McAfee, Trump, David Ralston, Brad Raffensperger, Prosecutors, Steve Sadow, Trump's, “, ”, ” Sadow, McAfee, Mark Meadows, Rudy Giuliani, Willis Organizations: Trump, Georgia, State, White House, Trump . Locations: Fulton, Georgia, Fulton County, state's, Trump, Meadows, Giuliani

☆ What weeks of early-voting data tell us about how Democrats and Republicans are turning out in 2024
▼ + stars: | 2024-10-16 | by ( Marc Meredith | Joelle Gross | Marc Meredith Is A Professor Of Political Science At The University Of Pennsylvania | ) www.nbcnews.com time to read: +8 min

Early voting is getting underway throughout the country, including in key battleground states like Georgia, where more than 300,000 people voted Tuesday, the first day of early voting. However, there were substantial differences in the number of early voters based on a city or county’s partisan lean. So far in 2024, more absentee voting has occurred in places that tend to support Republicans than places that tend to lean Democratic. However, if early voters are less consistent or new voters, it could signal a shift in electoral trends ahead of November. These satellite voting locations may make early in-person voting accessible in more populous areas, which tend to be more Democratic-leaning.

Persons: Virginia’s, TargetSmart Organizations: Republican, Democratic, Voters, Republicans, NBC Locations: Georgia, Virginia

☆ ‘Beyond Black Beauty’ brings together an 1877 classic novel and a Black family in Baltimore
▼ + stars: | 2024-10-16 | by ( Ronda Racha Penrice | Atlanta-Based Writer Ronda Racha Penrice Is The Author Of | Black American History For Dummies. | ) www.nbcnews.com time to read: +4 min

“Beyond Black Beauty” expands on the often-adapted classic 1877 novel “Black Beauty” with an 11-episode series on Prime Video centering Black people, Black girls and women specifically. How do I make it different?’ because ‘Black Beauty’ has existed forever as a black horse and a white character,” the first-time showrunner said. “And so, as a Black woman, I was like, ‘Well, I definitely want to see Black women.’ So this is my love letter to the Black women who raised me.”Jolie (Kaya Coleman) in "Beyond Black Beauty." In crafting “Beyond Black Beauty,” Golden said she wanted to create a family show with the Black family being “driven by legacy.”“Something that was really important is highlighting a Black family that owns something,” she said. So when I learned about Black cowboy culture, it made sense in my soul.”

Persons: Carter, George Floyd, Jolie Dumont, Jolie, Ronnie, Pilar Golden, “, ” Jolie, Kaya Coleman, Lindsay Sarazin, ” Golden, ”, “ They’ve, they’ve, Janelle, Yvonne, Alvin, Rashad, Gretchen, Bill Pickett, Golden, Erin Brown, Idris Elba, she’s, Brown, ’ ”, ” Brown, ” Kaya Coleman Organizations: Bill, Netflix Locations: Belgium, Baltimore, Maryland, English, Philadelphia, Beyoncé, Calgary , Alberta

An army of political propaganda accounts powered by artificial intelligence posed as real people on X to argue in favor of Republican candidates and causes, according to a research report out of Clemson University. The network identified by the Clemson researchers included at least 686 identified X accounts that have posted more than 130,000 times since January. Many of the accounts were removed from X after NBC News emailed the platform for comment. In Arizona’s Republican congressional primary, the accounts supported Blake Masters over Abraham Hamadeh. A search on X for that hashtag shows only one other tweet, from 2018, has used it.

Persons: Donald Trump’s, Pepe, Darren Linvill, They’re, Frank LaRose, Bernie Moreno, Blake Masters, Abraham Hamadeh, didn’t, —, Sen, Sherrod Brown, ” OpenAI, Kai, Cheng Yang, ”, Yang, ChatGPT, Elon Musk, Musk, ” Linvill, Larry Norden, “ There’s, ” Norden, “, Norden, Clemson’s, Eric Hartford, Hartford Organizations: Republican, Clemson University, Clemson, NBC, NBC News, Democratic, Clemson’s Media, “, Ohio Republican Senate, Trump, GOP, Hamadeh, Northeastern University, Ohio Republican, Center for Justice, United, Social Locations: American, Montana , Pennsylvania, Wisconsin, Ohio, ”, China, Taiwan, Iran, Russia, Ukraine, United States, U.S

Greg Abbott, who has the power to commute a death sentence if the Texas Board of Pardons and Paroles recommends doing so. Abbott can still grant a one-time 30-day reprieve to postpone the execution even though the board has denied a clemency bid. In 2009, the American Academy of Pediatrics changed the name of shaken baby syndrome to the more broadly defined “abusive head trauma” to include injuries caused by mechanisms other than shaking alone. It is now accepted medical consensus that the symptoms associated with shaken baby syndrome can also be caused by other medical conditions, including infections, accidental trauma and a pre-existing illness. The uncertainty surrounding shaken baby syndrome has also led to a reevaluation of many criminal cases.

Persons: ” Robert Roberson, Greg Abbott, Paroles, Abbott, Lester Holt, Roberson, “, ” “, ” Roberson, “ I’m, Nikki, Roberson’s, she’d, Brian Wharton, Wharton, Holt, Gretchen Sween Organizations: Texas, U.S, Supreme, NBC News, Prosecutors, American Academy of Pediatrics, National Registry, Palestine Police Department, Food and Drug Administration Locations: Texas, United States, East Texas

Thousands of cases of improperly labeled Minute Maid Zero Sugar Lemonade have been recalled after they were found to contain the regular formula of lemonade with 40 grams of sugar, according to the Food and Drug Administration (FDA). Approximately 13,152 cases of mislabeled lemonade, each including 12 cans of the mistakenly sugary drink, were shipped to retail stores in Indiana, Kentucky and Ohio. In addition to the 40 grams of sugar, regular Minute Maid Lemonade contains 30 times the calories and over 20 times the total carbs of Minute Maid Zero Sugar Lemonade, according to the nutritional facts listed on Instacart. Coca-Cola issued the recall on September 10, but a press release was never publicized, according to the FDA’s enforcement report. Concerned consumers can distinguish affected cans by searching for the codes "FEB1725CNA" and "FEB1725CNB" printed on the carton and the bottom of the cans.

Organizations: Food and Drug Administration, Cola, FDA, NBC Locations: Indiana , Kentucky, Ohio

Former President Donald Trump’s closing message to a number of different groups increasingly includes this harsh line: Members of the group not voting for him need to have their "head examined." “Any African American or Hispanic that votes for Kamala … you got to have your head examined,” Trump said during an Atlanta rally Tuesday night. Trump has most often used the construct when speaking of Jewish voters. It's a group of voters Trump won 50-46 in 2016 when running against Hillary Clinton. “If any senior does not vote for Trump, we’re gonna have to send you to a psychiatrist to have your head examined,” he added.

Persons: Donald Trump’s, Kamala …, ” Trump, they're, Trump, Harris, Joe Biden, “ Biden, Biden, preemptively, It's, Hillary Clinton, Kamala Harris, Clinton, we’re, ”, “, Amy Spitalnick, “ Trump, he’s Organizations: Jewish, Catholic, Trump, NBC, “, Social Security, Public Affairs, NBC News Locations: Atlanta, Israel, Gaza

☆ Teacher and veteran cop part of crew accused of running Long Island brothels
▼ + stars: | 2024-10-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg | Patrick Smith | ) www.nbcnews.com time to read: +3 min

Along with Frank Saggio, 60, and his girlfriend, Dana Ciardullo, they are accused of enterprise corruption and promoting prostitution, among other charges. The four are accused of collecting "house fees" from sex workers and advertising their services. He is accused of then falsifying police paperwork which did not mention his unauthorized visit to American Girls Spa. He is also charged with 51 counts of promoting prostitution. Trimigliozzi is charged with 18 separate offenses, including 13 counts of promoting prostitution; Arey faces 28 separate charges, while Ciardullo is charged with 18 counts.

Persons: ”, George Trimiliozzi, Steven Arey, Frank Saggio, Dana Ciardullo, Attorney Raymond A, Tierney, Saggio, Arey, George Trimigliozzi, Trimigliozi, Trimigliozzi, Ciardullo Organizations: Suffolk County Police, Attorney's, Attorney, Girls, NBC News Locations: Long, , New York, Suffolk, Suffolk County, Holbrook, N.Y, Trimigliozzi, Saggio

☆ At a time of despair in Gaza, a newborn brings hope
▼ + stars: | 2024-10-16 | by ( Ala'A Ibrahim | Ala'A Ibrahim Is An Emmy-Nominated Film Producer At Nbc News. | ) www.nbcnews.com time to read: +3 min

“Oh, Abdel Hadi, you came in a time of destruction and war,” she said. Abdel Hadi Al-Qanou lies in a makeshift crib made from a plastic crate, hanging on string. Delivered by cesarean section at Nasser Hospital a few days earlier on Aug. 15, Abdel Hadi Al-Qanou was almost 7lbs when he was born. Others were not so lucky, according to Dr. Shereen Allwai who worked for 10 years in Nasser Hospital as an OB-GYN. Islam Al-Qanou, 43, leaves the maternity ward at Nasser Hospital in Khan Younis, southern Gaza after giving birth to baby Abdel.

Persons: Islam Al, Qanou, Khan Younis, “, Abdel Hadi, ”, Abdel Hadi’s, Abdel Hadi Al, Mahmood Al, Shereen Allwai, Abdel, Iyad, Dagga Organizations: United Nations Children’s Fund, NBC, Nasser Hospital Locations: Gaza’s, Khan, Gaza, Israel

☆ Rates won't be cut at an aggressive pace — here's how to position, according to strategists
▼ + stars: | 2024-10-16 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

U.S. interest rate cuts are unlikely to move at an aggressive pace, say market watchers. The Fed kicked off its easing cycle with a jumbo 50 basis-point rate cut in September — but subsequent ones will be milder, they said. They highlighted the better-than-expected September jobs report, renewed worries around inflation, rising yields and an economy that's still relatively strong. How to position In that scenario — and with inflation expected to continue being sticky, it's important that investors still have exposure to commodities, said Landsberg. Christopher of Wells Fargo said if interest rates moderate and earnings are stronger than expected, market performance will broaden out further.

Persons: —, Paul Christopher, CNBC's, Adam Coons, Michael Landsberg, Landsberg Bennett, Landsberg, Christopher, Wells Fargo, Luis Alvarado, Alvarado Organizations: Fed, Wells, Wells Fargo Investment Institute, Winthrop Capital Management, Wealth Management Locations: Wells Fargo, U.S

☆ A lower-risk trade using options on an AI-derivative play that's breaking out
▼ + stars: | 2024-10-16 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

As industries increasingly rely on real-time AI models, AKAM's infrastructure offers both speed and security by processing data closer to users. Combined with the company's attractive valuation, it offers substantial upside potential, with the chart showing growing investor interest in its AI-driven opportunities. Trading at only 15 times forward earnings, it's a significant discount relative to its industry average of nearly 28. AI models distributed on AKAM's extensive edge computing network provide significant upside potential, especially as demand for low-latency AI solutions increases across various industries. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Organizations: CNBC, NBC UNIVERSAL Locations: OptionsPlay

☆ Cheap, Secondhand Androids Are Now Cooler Than Brand-New Apple iPhones
▼ + stars: | 2024-10-16 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +9 min

People are more aware of refurbished phones, thanks to ad campaigns and word of mouth. For $249 or 299 euros, customers could buy a refurbished iPhone or Android without knowing the model they'd get. AdvertisementPerhaps the biggest thing blocking people from buying more secondhand phones is the manufacturers themselves. Amy Marty Conrad, a 34-year-old who lives in the Washington, DC, area says she and her husband have each bought refurbished phones. But perhaps the biggest thing blocking people from buying more secondhand phones is the manufacturers themselves.

Persons: Steve Jobs, Ming, Chi Kuo, Apple, Glen, Thibaud Hug, Hug, Larauze, Hug de Larauze, He's, ChatGPT, Amy Marty Conrad, She's, it's, Tim Cook Organizations: Apple, Research, International Data Corporation, Vodafone, Recommerce, Zion Market Research, eBay, Samsung Galaxy, European Union, Apple Intelligence, Back Locations: Europe, France, England, Washington, DC, Oregon, European

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