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☆ Stocks making the biggest moves premarket: Trump Media, Hims & Hers, Palantir and more
▼ + stars: | 2024-11-05 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +5 min

Palantir reported 10 cents earnings per share on $726 million in revenue. On the other hand, NXP's third-quarter earnings beat analysts' expectations by 2 cents per share, while its $3.25 billion revenue was in line with estimates. Hims & Hers Health — The telehealth stock popped 7.2% after third-quarter earnings exceeded expectations of analysts polled by FactSet on both lines. On the other hand, the company's $3.19 billion revenue missed estimates of $3.20 billion. Marqueta's $128 million revenue was just shy of the $128.1 million consensus from FactSet.

Persons: Donald Trump, Palantir, Rick Dreiling, Michael Creedon, FactSet, LSEG, Burger King, machinists, Astera, — CNBC's Michelle Fox, Alex Harring, Hakyung Kim, Yun Li, Sarah Min, Pia Singh Organizations: Trump Media & Technology, Republican, White, LSE, NXP, Wynn Resorts, Lattice Semiconductor, DuPont de Nemours, Restaurant, Burger, LSEG, Revenue, Diamondback Energy, Boeing —, Labs, Deutsche Bank, UBS, Deutsche Locations: Netherlands, Americas, Europe, San Francisco, Cleveland, Wells Fargo

☆ In all-hands meeting, Amazon CEO says RTO mandate not a 'backdoor layoff'
▼ + stars: | 2024-11-05 | by ( Eugene Kim | ) www.businessinsider.com time to read: +5 min

Business Insider obtained a recording of Amazon CEO Andy Jassy's latest all-hands meeting. Jassy said Amazon's RTO policy is not a 'backdoor layoff' strategy. The RTO policy aims to strengthen company culture, not cut costs, he said. This is very much about our culture and strengthening our culture," Jassy said, adding that the only city Amazon notified ahead of time about its RTO mandate was Seattle. Amazon Web Services CEO Matt Garman said in a staff meeting last month that 9 out of 10 Amazon employees he'd spoken with were "excited" by the change.

Persons: Andy Jassy's, Jassy, Amazon's, —, Andy Jassy, Matt Garman, there's, I'm, it's Organizations: Amazon, Service, Business, Web Locations: Seattle

☆ Four takeaways from Alex Karp's triumphant Palantir earnings call
▼ + stars: | 2024-11-05 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +5 min

Alex Karp touted Palantir's blockbuster earnings in a triumphant investor call. He said AI models are commodities — it's what you do on top of them that counts. Other Palantir execs have helped shift the focus away from Karp. AI models are commodities — it's what you do on top that counts. Palantir execs were surprised by the company's quarterly earnings.

Persons: Alex Karp, —, Karp, Palantir's, Shyam Sankar, Akash Jain —, Palantir, They're, Sankar, Jain, Ryan Taylor, Taylor, Palantir execs, he'd, Maven Organizations: Service, US Army Locations: US, Ukraine

Bitcoin, an asset tied to a Trump victory given the candidates courtship of the industry, soared to a record $75,000 . Heading into the election, investors and analysts pointed to several stocks and sectors that could benefit from a Trump win. Here's a roundup of some of those: Steel stocks If Trump regains the presidency, JPMorgan expects steel stocks to outperform . Related stocks that could outperform under a Trump victory include Nucor , Cleveland-Cliffs , Kaiser Aluminum and MP Materials , according to Peterson. Supporters of Trump have also used the stock as a way to invest in a Trump victory.

Persons: Donald Trump ., Trump, Kamala Harris, Here's, Bill Peterson, Peterson, UBS's, Goldman Sachs, Strategas, Lazard, Wolfe, Tesla, Elon Musk's, Marion Laboure, bitcoin, Nic Puckrin, David Zerzos, Zerzos, Marcelli, Seth Seifman, Russell, Joe Biden, IWM, —, Halliburton, Trump's, ULTA, Michael Bloom, Sean Conlon, Alex Harring, Fred Imbert, Pia Singh Organizations: U.S, NBC, Stock, Dow Jones Industrial, Trump, JPMorgan, Aluminum, Financials Bank of America, of America, UBS's Trump, UBS, Swiss, Citigroup, Citizens, Wolfe Research, GOP, Trump Media & Technology, Trump Media, ISI, Deutsche Bank, Investors, Jefferies, Military, Strategas, Gas Energy, Evercore ISI, Exxon Mobil, Halliburton, Companies Locations: Nucor, Cleveland, U.S, China, U.S . Southern

☆ Super giant TVs are flying off store shelves
▼ + stars: | 2024-11-05 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

XXL TVs – are becoming a huge hit as the cost of giant screens sinks sharply, and viewers look to replace the screens they bought during the peak of the pandemic a few years ago. Still, the growing popularity of XXL TVs could help Best Buy climb out of a series of downbeat quarters. Target, Costco and Walmart also have similar XXL TVs on sale ahead of the holiday season. XXL TVs are mirroring the growth of what four years ago were considered extra-large televisions: 65-inch models that customers scooped up during the pandemic. But with those now-four-year old televisions starting to get long in the tooth for some impatient customers, XXL TVs represent an attractive upgrade.

Persons: Corie Barry, ” Blake Hampton, ” Paul Gagnon Organizations: New, New York CNN, XXL, CNN, Target, Costco, Walmart Locations: New York, United States, ”

☆ How Women Are Building Community to Succeed in the AI Space.
▼ + stars: | 2024-11-05 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +8 min

But others building startups report facing various gender-related obstacles to success, including bias in the fundraising process, limited mentorship opportunities, and difficulty building meaningful business relationships with men. And recent data from the UK shows that only about 4% of AI startups in the country have women founders. Developing relationships with other women working in the AI space has become a vital lifeline, she said. There were plenty of women interested in building AI companies, she said. AdvertisementThis observation was the catalyst for the Female Founder Circles, a community for women engineers interested in building AI startups.

Persons: Saumya Bhatnagar, Bhatnagar isn't, Fei Fei Li, Daniela Amodei, Mira Murati, it's, Bhatnagar, she's, I'm, Vivien Ho, Ho, they're, Forbes, Rejpal, Rajpal, Stephanie Guo, Guo Organizations: Deloitte, Bay Area, FFC, Pear, Zetta Venture Partners, Bloomberg Beta, GitHub, Sapphire Ventures Locations: Bay, San Francisco

☆ What we learned from 15 months talking to America’s most crucial voters
▼ + stars: | 2024-11-05 | by ( John King | ) edition.cnn.com time to read: +9 min

If the former president wins, Caparra’s “my version of this country” comment could be instructive. Economic concerns dominateIf Trump wins, voters like Joseph Knowles and Brian McMutuary will be part of his comeback math too. CNNIf Harris wins, women will be the foundation of her coalition. Many Trump voters echo their candidate in saying the only way for Harris to win is through fraud. Attorney Joan London is another Haley voter turned Harris voter.

Persons: Pennsylvania CNN — Shannon Elliott, Kristin Caparra, “ I’m, ’ ’, Elliott, “, ” Caparra, Kamala Harris, ”, Caparra, Drexel Hill, Donald Trump, ” Elliott, Joe Biden’s, Caparra’s, Diehard Trump, Nikki Haley, Trump, Harris, ” Ebersole, Joseph Knowles, Brian McMutuary, Knowles, Biden, “ We’ve, –, ” Knowles, John King, CNN McMutuary, McMutuary, Tamara Varga, Suresh Sharma, ‘, ” John King, Lakeysha Hallmon, ” Hallmon, ” Shannon Elliott, ’ ” Elliott, Michael Pesce, Haley, Angela Lang, Chris Mudd, ” Trump, “ He’s, ’ ”, Pesce, Pennsylvania Haley, Joan London, she’s Organizations: Pennsylvania CNN, Trump, Drexel Hill, Democratic Socialist Party, Swarthmore, Drexel, South Carolina Gov, Republicans, CNN, Republican, Republican Party, Biden, White, Democratic, Black, Communities, Reagan Republican, GOP Locations: Pennsylvania, Philadelphia, Swarthmore, Delaware County, Washington, Iowa, Michigan, Macomb County, Milwaukee, “, Tucson , Arizona, Georgia, Atlanta, Bucks County, New Tripoli , Pennsylvania, Cedar Falls , Iowa, London

☆ Trump Media shares gain on Election Day as traders bet potential GOP candidate win will boost business
▼ + stars: | 2024-11-05 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

Republican presidential nominee and former U.S. President Donald Trump reacts at a rally in Las Vegas, Nevada, U.S. September 13, 2024. Shares of Trump Media & Technology rose on Election Day Tuesday, with traders betting a second Trump presidency would give the business prospects of the Truth Social operator a boost. Year to date, Trump Media, which is majority-owned by Trump, has nearly doubled. However, it has struggled recently, as Vice President Kamala Harris appeared to gain momentum heading into Election Day. Trump Media shares have seen huge retail trader inflows in the week's leading up to the election and has been the most-discussed stock on Reddit page WallStreetBets, which gained popularity during the GameStop fueled stock meme fad of 2021.

Persons: Donald Trump, Donald Trump's, Trump, Kamala Harris, Jay Woods, Woods, Harris, Kevin Breuninger, Alex Harring Organizations: Republican, Wall, Trump Media & Technology, Trump Media, Trump, Gamestop, Freedom Capital, CNBC, GameStop, NBC Locations: Las Vegas , Nevada, U.S

☆ North Korea likes to stir up trouble around US elections, and this time around, it's been at it with missiles
▼ + stars: | 2024-11-05 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

Data shows that North Korea ramps up its missile and military activity around US elections. North Korea's provocations stir up trouble for the US and its allies. The latest provocations come as North Korea draws closer to Russia and amid confirmations that thousands of North Korean troops are aiding Russia in its war against Ukraine. On Tuesday, North Korea launched several ballistic missiles toward the East Sea/Sea of Japan, South Korea's military said. North Korea fired multiple ballistic missiles on Tuesday, South Korea and Japan said.

Persons: —, Kim Jong, Kim Yo Jong, Victor Cha, Cha, Donald Trump's, Kim Jae, Vladimir Putin, Kim Organizations: Service, Research, Ukraine, North, North Korea's, Korean Central News Agency, Korea News Service, AP, Korea, Center for Strategic, International Studies, Asian Affairs, White, National Security Council, Trump, Kim, CSIS, Getty, US, South, Russian, Russia Locations: Korea, Pyongyang, North Korea, Russia, Japan, South, North, South Korea, Washington, Kim Singapore, Vietnam, Ukraine, Ukrainian, Russian

☆ British regulator says $19.5 billion Vodafone-Three merger could go ahead if remedies are adopted
▼ + stars: | 2024-11-05 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

LONDON British telecom firms Vodafone and Three's multibillion-pound merger could go ahead if the companies adopt a series of proposed remedies to clear competition concerns, regulators said Tuesday. Vodafone has previously said that the combined entity, once merged, would invest £11 billion ($14.46 billion) into U.K. telecommunications infrastructure. Vodafone has also said it disagrees with earlier findings from the CMA that the merger would lead to price increases for consumers. It says the merger wouldn't pricing strategy and would enhance competition between mobile virtual network operators, or MVNOs. "Approval would mark one of the most significant developments in the history of UK mobile, heralding the arrival of a new market leader with over 29 million customers," Manning said in emailed comments.

Persons: Margherita Della Valle, Three's, Stuart McIntosh, McIntosh, CK Hutchison, Kester Manning, Manning Organizations: Vodafone, LONDON, Markets Authority, Ofcom, CMA, CNBC, 5G, Sky Mobile, Mobile, CK, CK Hutchison, EE, BT, O2, Telefonica, Liberty Global, CCS Insight Locations: London, British, Hong Kong

☆ China is torn between two U.S. presidential choices it would not like to work with: The Asia Group
▼ + stars: | 2024-11-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina is torn between two U.S. presidential choices it would not like to work with: The Asia GroupKurt Tong, Managing Partner of The Asia Group, says a second Trump administration could shift productive capacity away from China, while a Harris administration could see a continuation of Biden’s policies on technology denial.

Persons: Kurt Tong, Trump, Harris Organizations: China, The Asia, The Asia Group Locations: China

☆ OpenAI hires Meta's former AR glasses lead to head its robotics team
▼ + stars: | 2024-11-05 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

OpenAI has hired Meta's former hardware lead to head up its robotics team. Caitlin Kalinowski previously led Meta's AR glasses hardware team. Caitlin Kalinowski, who served as Meta's head of AR glasses hardware until July, said she was joining OpenAI to lead the company's robotics and consumer hardware efforts. "Thank you to the OpenAI team, Sam, Kevin Weil, PW, and to my friends and colleagues in engineering and beyond!" In May, Forbes reported that OpenAI had been hiring research engineers to rebuild the previously abandoned robotics team, something the company later confirmed.

Persons: OpenAI, Caitlin Kalinowski, Kalinowski, —, Sam, Kevin Weil, Orion, Jony, Laurene Powell Jobs, Steve Jobs Organizations: Service, Orion, Forbes, Intelligence, Apple, The New York Times, Business

☆ Here's what usually happens to the S&P 500 during a presidential election week
▼ + stars: | 2024-11-05 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

What happens to stocks during election week? In general, the market has a slightly bullish bent during election week, but you can slice it different ways. The average percentage change for the S & P 500 in the week of the election is up 0.7%, with the index gaining 63% of the time, according to Birinyi Associates. That is why the S & P 500 is only 2% below its historic high. S & P 500 earnings estimates Q3: +8.4% Oct. 1: +6.0% Q4: +10.7% Technology: +14.6% Source: LSE Seasonals are important as well The seasonal trend is very strong.

Persons: Phil Mackintosh, Goldman Sachs, Goldman Organizations: Birinyi Associates, Nasdaq, Democrat, Republican, LSE

☆ In an all-hands meeting, Amazon CEO Andy Jassy tells employees why he wants fewer managers: 'I hate bureaucracy'
▼ + stars: | 2024-11-05 | by ( Eugene Kim | ) www.businessinsider.com time to read: +4 min

Amazon aims to adapt to tech changes and competitive pressures, especially with AI. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. During an internal all-hands meeting on Tuesday, Jassy explained why the company recently announced a plan to reduce the number of managers. Only a few companies survive for 50 or 100 years in the tech industry because "the world changes, technology changes, competitors change, companies change," he said. "We have a chance to build the most remarkable company in the history of business," Jassy said.

Persons: —, Andy Jassy, Jassy, Peter DeSantis, DeSantis, I'm, it's, there's Organizations: Service, Business, Amazon Locations: AWS's

☆ The Houthis couldn't have built their most dangerous weapons without help from Iran and others, UN experts find
▼ + stars: | 2024-11-05 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The Houthis possess a sizable arsenal of weapons, including missiles and drones. The Houthis have used these weapons to target ships in the Red Sea and Gulf of Aden. AdvertisementThe Houthi rebels couldn't have amassed their dangerous arsenal of weapons without extensive help from Iran and its proxy forces in the Middle East, according to a new report for the United Nations. Related storiesThe Houthis held a military parade in September 2023, during which the group boasted a formidable arsenal of anti-ship missiles, ballistic and cruise missiles, surface-to-air missiles, aerial drones, naval drones, speedboats, surveillance systems, and mines. AdvertisementUS naval forces have repeatedly intercepted vessels attempting to smuggle weapons from Iran to the Houthis illegally.

Persons: —, couldn't Organizations: UN, Service, United Nations, UN Security, Lebanese Hezbollah, Pentagon Locations: Gulf of Aden, Iran, Yemen, Lebanese, Israel, Gaza, Iran's

☆ Cathie Wood positions for new tech boom - and it doesn't matter who wins the White House
▼ + stars: | 2024-11-05 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +2 min

ARK Invest's Cathie Wood is positioning for a White House administration that embraces transformative technology. Wood runs the firm's flagship ARK Innovation ETF (ARKK) — which is up almost 22% over the past three months. After soaring nearly 68% last year, the ARK Innovation ETF is down about 8% in 2024. Wood is also behind the ARK Genomic Revolution ETF (ARKG) , which is down about 25% so far this year. The ARK Genomic Revolution ETF owns both stocks.

Persons: Wood, it's, Joe Biden, ARKK Organizations: White, Innovation, Federal Reserve, Tech, Genomic, Beam Therapeutics Locations: ARKK

☆ Coinbase's big election bet is about to be tested
▼ + stars: | 2024-11-05 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +9 min

BlackRock's ETF chief Samara Cohen told CNBC that 75% of its bitcoin buyers are crypto investors who are new to Wall Street. Grewal told CNBC that he's had "many conversations" behind closed doors with both the Trump camp as well as Democratic Vice President Kamala Harris' campaign. Fairshake, one of the top spending PACs this cycle, told CNBC it's raised around $170 million this election and disbursed approximately $135 million. Ripple's head of U.S. public policy, Lauren Belive, told CNBC at a fintech conference in Las Vegas that the company was motivated by the SEC's overreach. WATCH: Bitcoin slumps to $67,000 level on eve of U.S. election: CNBC Crypto World

Persons: WASHINGTON —, Brian Armstrong shied, Armstrong, Coinbase, Gary Gensler, vociferously, Samara Cohen, Wells, Paul Grewal, Donald Trump, David Sacks, Grewal, Trump, he's, Gensler, Kamala Harris, Harris, Sen, Sherrod Brown, Bernie Moreno, Brown, Moreno, battlegrounds, It's, Shirzad, CNBC it's, Lauren, Alice, merch, Joe Lubin, Wiley Nickel Organizations: WASHINGTON, Capitol, CNBC, SEC, Washington, Trump, Republican, Democratic, Crypto Alliance, House, Ohio Senate, Crypto, Labs Locations: Washington ,, Washington, United States, San Francisco, Nashville, Ohio, Las Vegas

☆ Why quant giant D.E. Shaw seeks out academics, doctors, and veterans to work at the $60 billion hedge fund
▼ + stars: | 2024-11-05 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +10 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The rotational associates program lets new hires work for different teams in different roles so new employees can get a sense of where they fit best. Academics, doctors, and veteransThe end result is that driven people find their place in the firm, one way or another. Shaw Research, a computational drug discovery company led by Shaw, which put the hedge fund on their radar. Willenken, the doctor of philosophy, appreciated that his role included the parts of academia he enjoyed most without the siloed approach academic research roles typically require.

Persons: Shaw, —, Tim Willenken, hadn't, Gabrielle Wesley, I'd, D.E, David Shaw, Charles Ardai, Jeff Bezos, Jeremy Reff, Reff, Willenken, Don Quixote, Ana Díaz Rivero, Lindsay Temes's, Dr, Omar Ali, Lindsey Temes, Shaw Temes, Pat Tillman, Ali, Díaz Rivero Organizations: BI, Service, Mars, Amazon, Big Tech, Harvard, D.E, undergrad, Air Force, MIT, Pat Tillman Foundation, National Health Service, NHS, Shaw Research Locations: D.E, Mars Wrigley, America, New York, quants, Silicon Valley, Big

☆ Trump’s social media stock spikes as America goes to the polls
▼ + stars: | 2024-11-05 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

Shares of Truth Social owner Trump Media & Technology Group spiked 13% on Tuesday morning. Trump Media is losing money and generates very little revenue. Its main product, conservative social network Truth Social, remains tiny. Trump Media, which trades under the stock ticker symbol “DJT,” has plenty at stake. If Trump loses the election, Trump Media has little to fall back on.

Persons: Donald Trump’s, Trump, bitcoin, Matthew Tuttle, It’s, ” Tuttle, ”, it’s, Gene Munster, I’m Organizations: New, New York CNN, Social, Trump Media & Technology Group, Traders, Trump Media, Trump Trade, Geo Group, White, Tuttle Capital Management, CNN, Paramount Global, CBS, Venture, Trump Locations: New York, Trump’s

☆ World’s first wooden satellite, developed in Japan, heads to space
▼ + stars: | 2024-11-05 | by ( Story Reuters | ) edition.cnn.com time to read: +3 min

Kyoyo, Japan Reuters —The world’s first wooden satellite, built by Japanese researchers, was launched into space on Tuesday, in an early test of using timber in lunar and Mars exploration. An engineering model of LignoSat, pictured at Kyoto University ahead of Tuesday's launch. “Early 1900s airplanes were made of wood,” said Kyoto University forest science professor Koji Murata. “A wooden satellite should be feasible, too.”Wood is more durable in space than on Earth because there’s no water or oxygen that would rot or inflame it, Murata added. A wooden satellite also minimizes the environmental impact at the end of its life, the researchers say.

Persons: ”, Takao Doi, Irene Wang, Doi’s, Koji Murata, ” Wood, Murata, Doi, ” Doi, LignoSat, Kenji Kariya Organizations: Japan Reuters, Kyoto University, homebuilder Sumitomo Forestry, International, SpaceX, Space Shuttle, Reuters, NASA, Elon, Space, Sumitomo Forestry Tsukuba Research Institute Locations: Kyoyo, Japan, Kyoto

☆ Trump Media shares gain 10% in after-hours trading as voting in heated presidential election nears end
▼ + stars: | 2024-11-05 | by ( Jeff Cox | ) www.cnbc.com time to read: 1 min

Former US President and Republican presidential candidate Donald Trump speaks during a campaign rally at Van Andel Arena in Grand Rapids, Michigan on November 5, 2024. Shares in former President Donald Trump's media company pushed higher as voting wound down in the contentious presidential election campaign Tuesday. Trump Media & Technology Group was up 10% as formal after-hours trading came to an end on Tuesday evening, Election Day. The stock, seen as a market proxy for the former president's prospects as he seeks a second term in office, rallied despite a surprise earnings statement that showed the company lost $19.2 million in the third quarter. Shares have been volatile during the election season, rising and falling as Trump's fortunes swirled during his neck-and-neck race with Democratic Vice President Kamala Harris.

Persons: Donald Trump, Donald Trump's, swirled, Kamala Harris Organizations: Republican, Van Andel, Trump Media & Technology Group, Democratic Locations: Grand Rapids , Michigan

☆ Special mud rubbed on all MLB baseballs has unique, 'magical' properties, study finds
▼ + stars: | 2024-11-04 | by ( Evan Bush | Evan Bush Is A Science Reporter For Nbc News. | ) www.nbcnews.com time to read: +7 min

The Summary For years, a special mud has been rubbed on every baseball before every major league game to make them less slippery. Called Lena Blackburne Baseball Rubbing Mud, it comes from a single source: a secret spot along the banks of a tributary of the Delaware River. The magic mud is applied to every ball used in Major League Baseball, including in this year’s World Series. The authors concluded that any attempt to create a synthetic substance to replace the mud — something Major League Baseball has explored — would be foolish. An undated photo shows Burns Bintliff, a prior owner of Lena Blackburne Rubbing Mud, with a can of mud.

Persons: Lena Blackburne, Jim Bintliff, ”, Doug Jerolmack, Mark Griffey, ” Jerolmack, Carl Mays, Ray Chapman, ’, ” Bintliff, Burns Bintliff, Blackburne, Bintliff, Shravan Pradeep, Paulo Arratia, Xiangyu Chen, Felipe Macera, Emanuela Del Gado, Del Gado, Rob Manfred Organizations: MLB, University of Pennsylvania, National Academy of Sciences, Major League Baseball, Penn Engineering, New York Yankees, Cleveland, National League, Baseball Hall of Fame, Philadelphia Athletics, Dodgers, Penn, Georgetown University’s Institute, Little League, National Football League teams, Dow Chemical Locations: Delaware, New Jersey

☆ Lobito Corridor: Angola’s US, Europe-backed railway could change how minerals move in Africa – and globally
▼ + stars: | 2024-11-04 | by ( Amy Gunia | Jackelyn Prager | ) edition.cnn.com time to read: +6 min

CNN —In late August, a container vessel sailed out of Angola’s Port of Lobito carrying railway operator Lobito Atlantic Railway’s first shipment of copper from the Democratic Republic of Congo (DRC) to the US. That’s about 30 days faster than a road journey, according to Francisco Franca, the CEO of Lobito Atlantic Railway (LAR), a consortium of firms that took over operations of the railway in January. The ship took Lobito Atlantic Railways first shipment of copper to the US. “Lobito Corridor is not just a railway line, but is the economic development along the corridor,” said Franca, the CEO of LAR. For companies like his, the benefits of the Lobito Corridor are clear.

Persons: CNN —, Francisco Franca, Franca, LAR, Washington jostle, Emmet Livingstone, Joe Biden, “, David Reekmans, Reekmans, Asia ”, Trump, Joao Manuel Goncalves Lourenco, Evelyn Hockstein, Xi Jinping, ”, Wamkele Mene, Décio Catarro Organizations: CNN, Democratic, Lobito Atlantic Railway, Washington, MSC, Lobito Atlantic Railways, Atlantic Railway, Initiative, Benguela Railway, Partnership for Global Infrastructure, Investment, Getty, Port, White House, Reuters, African Continental Free Trade Area, Industry Locations: Angola’s Port, Lobito, Democratic Republic of Congo, DRC, Europe, Kolwezi, Angola, Africa’s, Beijing, Benguela, China, Africa, Washington, AFP, America, Asia, Zambia, Tanzania, Tanzanian

“Too frequently, large grocery companies use their significant market power to hike prices for essential goods and take advantage of customers,” the letter said. Grocery prices shot up 20% between January 2021 and December 2022, causing some consumers to cut back on common purchases like red meat and eggs. But inflation is now virtually back to normal; since November 2023, grocery prices have been increasing by less than 2% on an annual basis. The companies say the tags let employees change prices up to every 10 seconds, allowing them to streamline operations and restock faster. Kroger has denied that claim, saying electronic pricing would only be used to lower prices whenever possible.

Persons: Sen, Elizabeth Warren, Adam Schiff, Warren, Schiff, Harris, Kamala Harris, Donald Trump, they’re, Vons “, ”, Bernie Sanders, —, ” The, Kroger Organizations: Democratic, NBC News, Federal Trade Commission, Department of Agriculture, ”, Republicans, Biden, Albertsons, Safeway, Vons, FTC, USDA, Fair, ” The Biden, Walmart, Amazon, Costco, Kroger, of America Locations: California

☆ Stocks making the biggest moves premarket: Trump Media, Talen, Nvidia, Apple and more
▼ + stars: | 2024-11-04 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

The drug is classified as a GLP-1, which could put the company in competition with Novo Nordisk and Eli Lilly. Berkshire Hathaway – Shares were marginally lower after Warren Buffett's conglomerate revealed that operating earnings totaled $10.1 billion in the third quarter . Berkshire Hathaway shares were marginally lower after operating earnings totaled $10.1 billion in the third quarter. Trump Media & Technology Group – Shares of former President Donald Trump's media company pulled back more than 3% ahead of the U.S. election on Tuesday. Shares of Intel were more than 1% lower, while Dow Inc. shares were off 0.6%.

Persons: Talen, Eli Lilly, Berkshire Hathaway, Warren Buffett's, Warren Buffett's Berkshire Hathaway, Peter Stern, Donald Trump's, Roblox, Morgan Stanley, Jefferies, Sherwin, Williams, William, CNBC's Hakyung Kim, Brian Evans, Sarah Min, Lisa Kailai Han, Spencer Kimball, Tanaya Macheel, Michelle Fox Theobald Organizations: Energy, Federal Energy Regulatory Commission, Susquehanna, Constellation, Therapeutics, Novo Nordisk, Apple, Berkshire, –, Bank of America, Trump Media & Technology, Nvidia, Dow Jones, Intel, Dow Inc

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