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☆ More Americans are yanking money from their 401(k) plans to pay the bills
▼ + stars: | 2023-11-07 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

The growing reliance on 401(k) plans as a source of urgent cash is further evidence of consumer financial stress heading into the 2024 election year. Despite high GDP and low unemployment, some Americans are clearly facing a cash crunch and struggling to pay the bills. Bank of America said the number of 401(k) participants taking hardship distributions increased by 27% from the first quarter of this year. Bank of America found 401(k) contribution rates were steady during the third quarter at 6.5%. Just under 3% of those age groups are cutting back on their retirement savings.

Persons: Lisa Margeson, America’s Margeson, “, Gen Organizations: New, New York CNN, Bank of America, Bank of, New York Federal, ” Bank, America’s Locations: New York

☆ Embraer maintains 2023 outlook but deliveries seen at low end of guidance
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

An Embraer logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. Embraer earlier in the day reported third-quarter adjusted net income of $32.9 million, up 34% from a year earlier, with net revenue jumping 38% in the period to $1.28 billion. Embraer delivered 43 aircraft in the quarter that ended in September, up 30% from the same period of 2022, including 15 commercial and 28 executive jets. CEO Francisco Gomes Neto told Reuters last month that the firm was confident it would meet its outlook for aircraft deliveries in 2023, seen growing by about a quarter, and expects to be able to maintain that pace next year. ($1 = 4.9007 reais)Reporting by Gabriel Araujo; Editing by Louise Heavens, David Goodman, Chizu Nomiyama and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Antonio Carlos Garcia, Garcia, TD Cowen, Cai von Rumohr, Francisco Gomes Neto, Gabriel Araujo, Louise Heavens, David Goodman, Chizu Nomiyama, Jan Harvey Organizations: Embraer, European Business Aviation Convention, REUTERS, SAO PAULO, EMBR3, Boeing, Airbus, Reuters, Thomson Locations: Geneva, Switzerland

CANCUN, Mexico (AP) — Iga Swiatek earned her first WTA Finals title and the year-end No. She is the youngest WTA Finals champion since Petra Kvitova was 21 in 2011. Pegula called it “an amazing year.”“You continue to push me to be a better player every single year,” Pegula said. In Cancun, Swiatek defeated Sabalenka in a semifinal that began Saturday, was suspended by rain, then finished on Sunday. The singles and doubles title matches both originally were scheduled to be contested Sunday, then were pushed back after a series of showers affected play during the WTA Finals.

Persons: Iga Swiatek, Jessica Pegula, Swiatek, Pegula, Justine Henin, “ We've, ” Swiatek, Petra Kvitova, ”, ” Pegula, “, that’s, Aryna Sabalenka, Sabalenka, Pegula hadn't, Coco Gauff, Elena Rybakina, Laura Siegemund, Vera Zvonareva, Nicole Melichar, Martinez, Ellen Perez, hasn't Organizations: WTA, tennis, U.S ., Russia Locations: CANCUN, Mexico, Poland, Cancun, U.S, New York, Florida, Germany, Australia

NEW YORK (AP) — Two-way star Shohei Ohtani was among seven players who received $20,325,000 qualifying offers from their former teams Monday as the free agent market opened for 168 players. In a sign of the relative weakness of the free agent class, half as many players received qualifying offers as last year. Qualifying offers began after the 2012 season, and 10 of 124 offers have been accepted. The Braves declined options on outfielder Eddie Rosario ($9 million) and right-handers Collin McHugh ($6 million) and Kirby Yates ($5.75 million). Miami declined options on right-handers Johnny Cueto ($10.5 million) and Matt Barnes ($9 million).

Persons: Shohei Ohtani, Cody Bellinger, Josh Hader, Blake Snell, Aaron Nola, Sonny Gray, Matt Chapman, Eduardo Rodriguez, Jordan Montgomery, Snell, Gray, Yoshinobu Yamamoto, Milwaukee's Colin Rea, Charlie Morton, Eddie Rosario, Collin McHugh, Kirby Yates, Rosario, Yates, Mark Canha’s, Blake Holub, Michael Wacha, Johnny Cueto, Matt Barnes, Cueto, Barnes, Alex Cobb, Brooks Raley, Blake Treinen, Javier Báez, Michael Conforto, Ross Stripling, Josh Bell, Drew Smyly, Báez, Conforto, Bell, Stripling, Adam Ottavino, ___ Organizations: Los Angeles Angels, Chicago Cubs, Qualifying, Braves, Milwaukee Brewers, San, Miami, Mets, Los Angeles Dodgers, Tigers, Giants, Cubs, Detroit, Cleveland, Marlins Locations: San Diego, Philadelphia, Minnesota, Toronto, Nola, Atlanta, Detroit, Blake Holub . Milwaukee, San Francisco, Miami

☆ Cross-Tabs: October 2023 Times/Siena Poll of the 2024 Battlegrounds
▼ + stars: | 2023-11-06 | by ( ) www.nytimes.com time to read: +19 min

[READ LIST]Thinking about the investigations into Donald Trump, do you think that Donald Trump has or has not committed any serious federal crimes? (Split 2) Do you think Donald Trump has the mental sharpness to be an effective president? (Split 2) Do you think Donald Trump has the personality and temperament to be an effective president? (Split 2) Do you think Joe Biden has the personality and temperament to be an effective president? [READ LIST]Do you think Donald Trump is good for democracy, bad for democracy, or neither good nor bad for democracy?

Persons: †, Donald Trump, Joe Biden, Donald Trump's, Tell, Donald Trump’s, Joe Biden’s, Trump, Biden, Fielding, ReconMR Organizations: Pennsylvania, Wisconsin Party, Siena College Research Institute, Republican, Trump, Democratic, Democrat, New York Times, The New York Times, statehouse, Research, University of North, Institute for Policy, Roanoke College, The Times, • Party, Times Locations: Arizona, Georgia, Michigan, Nevada, Dominican, Puerto Rican, American, Ukraine, China, America, U.S, Mexico, United States, Siena, Arizona , Georgia, Nevada , Pennsylvania, Wisconsin, Arizona , Michigan, Pennsylvania, University of North Florida, State

☆ We're thinking about buying more shares in these 3 companies. Here's our internal debate
▼ + stars: | 2023-11-06 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

PANW YTD mountain Palo Alto Networks YTD Shares of Palo Alto Networks dropped another 4% on Monday, adding to Friday's more than 2.5% decline on Fortinet's disappointing full-year guidance. Investors were making assumptions about what Fortinet's concerns might mean for Palo Alto. In August , we told members to pick up shares of Palo Alto, which were down then, like now, on comments from Fortinet's management team. HUM YTD mountain Humana YTD Humana is another name whose stock price action simply does not reflect the fundamentals we saw in the company's most recent earnings report , out last Wednesday. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Palo, That's, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: DuPont, Palo Alto Networks, Caterpillar, Palo, U.S ., Humana, CNBC, Traders, New York Stock Exchange, Getty Locations: overbought, Palo, Palo Alto, Tenable, New York City

☆ 4 big takeaways from earnings season as Wall Street digests surprisingly resilient corporate results
▼ + stars: | 2023-11-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

The S&P 500 looks on track to have the strongest earnings season since the third quarter of 2021. Earnings are telling markets four things about the state of the economy, Bank of America says. Bank of America in a note on Monday pointed to so-far resilient earnings season, despite earlier concerns on Wall Street over a sustained slowdown in corporate profits. Meanwhile, revenue per worker in the S&P 500 is approaching its highest level since 2008, despite sales slowing down. Investors, though, are still waiting on the rest of S&P 500 firms to report their financials over the next few weeks.

Persons: — Organizations: Bank of America, Service, Pfizer, Merck

☆ Voters' grim economic outlook helps boost Trump in new battleground poll
▼ + stars: | 2023-11-06 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

The margins were between 4 and 10 percentage points, with a survey sampling error of between 4.4 and 4.8 points per state. The only state where voters said they would choose Biden over Trump was Wisconsin, where the president led the Republican front-runner by 2 points, within the margin of error. During the 2020 election, Biden won all six of these battleground states, albeit some by very slim margins. These issues will be top of mind for voters next year; 57% of respondents said economic issues would be the most important factor in their vote. The survey points to troubling signs ahead for the Biden reelection campaign.

Persons: Joe Biden, Donald Trump, Trump, Biden, Barack Obama's Organizations: Americas, Economic Prosperity, ’, The New York Times, Siena College, Trump, Republican, Biden Locations: Washington , U.S, U.S, Michigan , Pennsylvania, Arizona, Georgia, Nevada, Wisconsin

Market-churning economic news is lacking this week, but that doesn’t mean Wall Street and the economy can rest easy. The political news heats up, with Donald Trump set to testify in his civil fraud trial in New York. And elections take place across the country on Tuesday that could show where the country stands politically one year out from the 2024 election. Meanwhile, a softer-than-expected jobs report on Friday had some analysts saying the economy was headed for a downturn. “The unemployment rate rose just a tenth to 3.9% in October versus September which the BLS called little changed,” he said.

Persons: Donald Trump, State Anthony Blinken, Bond, ”, Julia Pollak, ” Pollak, ” Chris Rupkey, Powell, ” Powell, “ Organizations: GOP, Hamas, State, West Bank, Federal Reserve, ZipRecruiter, Fed, Bureau of Labor Statistics, BLS, BCA Research Locations: New York, Miami, Israel, Iraq, Turkey, Washington

☆ 'Powell has to be on high alert': Wharton professor Jeremy Siegel says the Fed needs to consider rate cuts a lot sooner than the market thinks
▼ + stars: | 2023-11-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Wharton professor Jeremy Siegel said the Federal Reserve needs to consider interest rate cuts a lot sooner than expected. "I think Jay Powell has to be on high alert because we did get some weak data," Siegel said. AdvertisementAdvertisementWharton professor Jeremy Siegel said Monday that the Federal Reserve needs to stay flexible and consider interest rate cuts a lot sooner than the market expects. He ultimately expects the Fed's next interest rate move to be a cut rather than a hike, and it should come sometime in 2024. I think the next move is a cut and it might come even sooner than we think given the data," Siegel said.

Persons: Wharton, Jeremy Siegel, Jay Powell, Siegel, —, I'm, he's, Powell, It's, He's Organizations: Federal Reserve, CNBC, Service

☆ How Trump’s lawyers and campaign staff manage the chaotic collision of his trial and political operations
▼ + stars: | 2023-11-05 | by ( Kristen Holmes | Alayna Treene | ) edition.cnn.com time to read: +9 min

“The legal cases have increasingly become a big part of the campaign strategy,” a Trump campaign adviser told CNN. The line between Trump’s political campaign and his legal operation gets blurrier by the day. But those plans are reliant on trial schedules that are out of their hands, forcing Trump’s campaign team to respond to potential summons with little lead time. ‘Cross that bridge when we get there’Trump is surrounded by what is widely viewed as his most disciplined political campaign team to date. Trump’s legal peril is a necessary issue that has to be dealt with in the eyes of many of his advisers.

Persons: Donald Trump, Trump, He’s, ”, Michael Cohen, Ron DeSantis, Trump’s, “ It’s, Mike Segar, Reuters Trump, Jean Carroll, Jabin, “, –, “ You’ve, ’ Trump, Susie Wiles, Chris LaCivita, Bob Self, Donald, It’s Organizations: CNN, Republican, White, Florida Gov, GOP, Trump Organization, Court, Reuters, Trump, Washington Post, “, ‘, Florida Times, USA Locations: New York, South Florida, New Hampshire, Florida, Orlando, New York City, Iowa, Washington ,, Texas, California, Derry , New Hampshire

☆ Here are the top 5 ‘best in class’ stocks coming out of earnings, Bank of America says
▼ + stars: | 2023-11-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Analysts at Bank of America unveiled a slew of stocks this week that they say are firing on all cylinders as earnings season wraps up. "SLB looks best positioned for strong earnings growth and multiple expansion with strengthening [free cash flow] in 2024-25," Pant wrote. SLB - buy rating "Current cycle is to SLB's advantages in technology & INTL. KLA Corporation - buy rating Resilient growth, best in class cash flow generation, reiterate Buy. Nextracker - buy rating Three earnings post IPO comes with three sequential beat & raise events & we believe there is room for several more.

Persons: Saurabh Pant, Pant, Julien Dumoulin, Smith, Nextracker, Vivek Arya, Arya, SLB Organizations: Bank of America, CNBC, General Dynamics, Ford, KLA Corporation, drillers, NXT, KLA Corp, Dynamics, Aero Locations: Nextracker, Pant

☆ I drove BMW's $68,000 Tesla rival. Here are 4 pros and 2 cons before you buy.
▼ + stars: | 2023-11-04 | by ( Tim Levin | ) www.businessinsider.com time to read: +1 min

I drove the i4, BMW's new Tesla rival. NEW LOOK 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 . For buyers desiring an EV that's a bit more conventional than what's on offer from the flashiest startups, there's the BMW i4. AdvertisementAdvertisement(For context, BMW lent me a $68,000 i4 eDrive40 with a generous list of optional features.

Persons: —, that's Organizations: Service, BMW i4, BMW

Gene Sperling, the White House liaison for the strike talks, was in daily contact with executives at the UAW and the three automakers. By that point, there was enough trust that the misunderstanding did little from the White House perspective to hurt the relationship. The UAW president declined to endorse the president who had engaged in the historic outreach. So as I said we’ll do that when it’s time.”Still, the White House saw itself as building trust with the UAW as the talks progressed. As soon as a tentative agreement was in place, Barra told the gathered negotiators that she needed to text the White House.

Persons: Joe Biden, Shawn Fain, Biden, Fain, Gene Sperling, Sperling, We’re, Donald Trump, “ I’m, ” Biden, ”, Julie Su, Su, umbrage, “, ” Fain, “ We’ll, Ford, Stellantis, Mary Barra, Barra, Tom Krisher Organizations: WASHINGTON, United Auto Workers, General Motors, UAW, GM, Ford, Chrysler, Democratic, White, Democratic White Houses, Associated Press, Democrats, AP VoteCast, Republican, Labor, Biden, AP Locations: Delaware, Michigan, Pennsylvania, Wisconsin, Detroit

☆ Earthquake in Western Nepal Kills at Least 37
▼ + stars: | 2023-11-03 | by ( The Associated Press | ) www.nytimes.com time to read: 1 min

KATHMANDU, Nepal — A magnitude 6.4 earthquake shook northwestern Nepal on Friday night, killing at least 37 people and injuring dozens more, according to officials. As rescuers searched the mountainous villages where the earthquake struck, officials cautioned that the death toll was expected to rise, noting that communications were cut off with many of the affected areas. The earthquake killed at least 20 people in Rukum District, where numerous houses collapsed, a police official, Narvaraj Bhattarai, said over the telephone. In neighboring Jajarkot District, 17 people were confirmed dead, according to Harish Chandra Sharma, a government official.

Persons: Narvaraj Bhattarai, Harish Chandra Sharma Locations: KATHMANDU, Nepal, Rukum District, Jajarkot District

☆ Ukraine: Exhausted and disappointed with allies, President Zelensky and military chief warn of long attritional war
▼ + stars: | 2023-11-03 | by ( Analysis Tim Lister | ) edition.cnn.com time to read: +10 min

CNN —Two articles published this week give a stark assessment of Ukraine’s prospects in its war with Russia. One – by the commander in chief of the Ukrainian military – admits the battlefield has reached a stalemate and a long attritional war benefiting Moscow beckons. The other portrays Ukrainian President Volodymyr Zelensky as exhausted by the constant effort to cajole and persuade allies to keep the faith. Commander-in-Chief of the Armed Forces of Ukraine Valery Zaluzhny during an event dedicated to Ukraine's Independence Day on August 24, 2023 in Kyiv, Ukraine. Shuster quotes an aide to the Ukrainian president as saying Zelensky feels “betrayed by his Western allies.

Persons: –, Volodymyr Zelensky, Valery Zaluzhny, TIME’s Simon Shuster, Zelensky, “, ” Shuster, Ukraine Valery Zaluzhny, Yan Dobronosov, …, Zaluzhny, Rustem Umerov, ”, Bram Janssen, ” Zaluzhny, Dmitri Peskov, Biden, Sen, J.D, Vance, ” Zelensky, Shuster, Vladimir Putin’s Organizations: CNN, Armed Forces, Ukrainian Defense, Defense Lines, “, ”, Gallup, Capitol, Republican Locations: Russia, Moscow, United States, Europe, Ukraine, Kyiv, USSR, East, Avdviika, Vuhledar, Donetsk, Kupyansk, Kharkiv, Crimea, –, Izyum, “ Russia, ” Moscow, Israel, Washington, Kherson

☆ A slower holiday sales season won't be a problem for these 4 consumer companies
▼ + stars: | 2023-11-02 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

Holiday sales growth is expected to be sluggish this year as shoppers continue to get squeezed by sticky inflation. "Shoppers are setting strict budgets for their holiday shopping," BofA said in a recent note. And, on Wednesday evening, the company said October net sales rose 4.5% year-over-year to $18.53 billion, continuing a streak of monthly sales growth. TJX YTD mountain TJX Companies YTD TAG expects holiday sales at off-pricers to grow 6% year over year, which would be faster than last year's 4.3% increase. Black Friday and Cyber Monday will remain popular holiday shopping events, the analysts anticipate, as more shoppers spread out their holiday purchases.

Persons: BofA, discounters, Andy Jassy, Jim Cramer's, Jim Cramer, Jim, Eduardo Munoz Organizations: Club, Bank of America, Shoppers, Starbucks, Costco, TJX Companies, BofA, China comps, comps, TJX, Marshalls, TAG, Amazon, Deal, CNBC, People Locations: China, China comps ., Maxx, HomeGoods, U.S, Canada, New York City

MILWAUKEE (AP) — Colin Rea will remain with the Milwaukee Brewers after the right-handed pitcher agreed to a one-year deal with a club option for 2025. The Brewers announced the deal Thursday, just after Rea had become a free agent. After making just one major league appearance in 2021 and spending last season in Japan, Rea went 6-6 with a 4.55 ERA in 26 games this year. Rea’s 22 starts ranked fourth on the team, and the Brewers went 14-8 in those games while winning their second NL Central title in three years. Before this season, Rea had made just one MLB appearance.

Persons: — Colin Rea, Rea, ___ Organizations: MILWAUKEE, Milwaukee Brewers, The Brewers, Brewers, NL Central, San Diego Padres, Miami Marlins, Chicago Cubs Locations: Japan

☆ Morning Bid: Markets cheer as Powell finds his balance
▼ + stars: | 2023-11-02 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

Federal Reserve Board Chair Jerome Powell answers a question at a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, U.S., November 1, 2023. REUTERS/Kevin Lamarque Acquire Licensing RightsNov 2 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. It's been a day for relief rallies in Asia as investors became increasingly confident the next move in U.S. interest rates will be down, not up. While Federal Reserve Chair Jerome Powell maintained the option of another hike, he sounded less than committed to the idea. The dovish mood proved infectious as investors pared back rate risks across much of the developed world.

Persons: Jerome Powell, Kevin Lamarque, Wayne Cole, It's, presser, Powell, EURIBOR, Edouard Fernandez, Isabel Schnabel, Philip Lane, Sam Holmes Organizations: Federal, Committee, Federal Reserve, REUTERS, Treasury, The Bank of, U.S, Bank of England, Norges Bank, Thomson Locations: Washington , U.S, Wayne, Asia, The Bank of England, China

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Meanwhile, the Treasury Department said it will slow the pace of increases in its longer-dated debt auctions in the November-January quarter. Seven of the 11 major S&P 500 sectors were trading higher, with information technology (.SPLRCT) and communication services (.SPLRCL) leading gains. Overall, analysts expect earnings for S&P 500 companies to grow 5% in the third-quarter, per LSEG data. The S&P index recorded seven new 52-week highs and 24 new lows, while the Nasdaq recorded 18 new highs and 190 new lows.

Persons: Brendan McDermid, Estee Lauder, U.S . Treasury Department's refunding, Jerome Powell's, Robert Pavlik, EL.N, advancers, Amruta Khandekar, Shashwat Chauhan, Sriraj Kalluvila, Dhanya Ann Thoppil, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Federal, Treasury, CVS, Dow, Nasdaq, Federal Reserve, U.S . Treasury, Dakota Wealth, Traders, Treasury Department, Microsoft, Nvidia, Reuters Graphics Reuters, Labor, Dow Jones, Paycom, NYSE, Thomson Locations: New York City, U.S, October's U.S, Fairfield , Connecticut, Bengaluru

☆ These companies are slashing earnings estimates, but the market may have sniffed that out already
▼ + stars: | 2023-11-01 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The S & P 500 was expected to see an earnings gain of 11% for the fourth quarter on Oct. 1, and that expectation is now down to 7.8%. "We're seeing larger estimate cuts than average for S & P 500 companies through the first month of the fourth quarter," John Butters at FactSet said. Roughly 60 companies in the S & P 500 have disclosed declines of 10% or more in their earnings expectations in the month of October, according to LSEG. Earnings revisions: Notable declines in airlines and cruise lines Here are some of the S & P 500 companies that have seen earnings estimates decline 10% or more since the start of the fourth quarter, according to LSEG. The markets have sniffed this out: What's next The stock market, of course, does not wait for analysts to cut earnings estimates.

Persons: John Butters, FactSet, Nick Raich, Refiners Valero, Goldman Sachs, Morgan Stanley, Alec Young Organizations: Boeing, . Airlines, Companies, Cruise Lines American Airlines, Cruise Line, Alaska Air Group, Southwest Airlines, Airlines, Delta, Entertainment Warner Bros Discovery, Paramount Global, Fox, MGM Resorts, Ford, Motors, Pfizer, Merck, Petroleum, Phillips, Seagate, Texas, Banks, Capital Markets, Blackstone, Intel, JETS, Energy, Pharmaceuticals

☆ The sell-off in Humana is overdone after strong earnings. Jim Cramer says buy the stock
▼ + stars: | 2023-11-01 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

"The story is on track, and I think you buy the stock," Jim Cramer said during Wednesday's Morning Meeting . Since its 2023 lows on July 13, Humana stock rallied more than 23% compared with a roughly 7% slide in the S & P 500 over the same stretch. Management's initial commentary on 2024 earnings and Medicare Advantage membership growth — discussed in more detail below — may also have left investors wanting. Humana also expects EPS growth in 2024 to fall on the lower end of its historical long-range 11%-to-15% target. Capital allocation Humana still expects to buy back about $1.5 billion worth of stock in 2023, finance chief Diamond said on the earnings call.

Persons: —, Jim Cramer, they've, UnitedHealth, Humana, Susan Diamond, Diamond, Bruce Broussard, Jim Rechtin, Broussard, Jim Cramer's, Jim Organizations: Medicare, Revenue, Humana, UnitedHealth, CNBC, Inc

☆ Here are Wednesday's biggest analyst calls: Apple, Meta, Boeing, AMD, Carvana, Ford, Robinhood & more
▼ + stars: | 2023-11-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are the biggest calls on Wall Street on Wednesday: UBS reiterates Advanced Micro Devices as buy UBS said it's standing by its buy rating on the chipmaker after its earnings report on Tuesday. Goldman Sachs downgrades ZoomInfo Technologies as buy Goldman downgraded the stock after its "mixed" earnings report citing lower visibility. UBS upgrades JD.com to buy from neutral UBS said shares of the Chinese retailer are attractive. " UBS reiterates Apple as neutral UBS said its checks show Apple's iPhone wait times are lower. TD Cowen reiterates Carvana as market perform TD said it's cautious heading into the used car company's earnings report on Thursday.

Persons: it's, TD Cowen, Piper Sandler, Piper, Polestar, Goldman Sachs, Goldman, Morgan Stanley, Bernstein, Price, Cantor Fitzgerald, VinFast, Cantor, it's bullish, JD, Mizuho, Robinhood, HOOD, Carvana Organizations: UBS, Devices, EV, Technologies, Bank of America, of America, UAW, Barclays, Ford, General Motors, Meta, JPMorgan, Boeing, Goldman, NRG Energy, Guggenheim, Management, Clear Messaging, Deutsche Bank, Deutsche, Apple, BP, UW Locations: Asia, Europe, North America

☆ Why we're upbeat on chemicals maker DuPont, despite its narrowed guidance
▼ + stars: | 2023-11-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

But we remain optimistic the specialty chemicals company's electronics business will turn next year, leading to revived growth. At the same time, DuPont raised concerns about its water and safety solutions business due to ongoing destocking and a weaker China. The electronics and industrial segment is comprised of three subunits: semiconductor technologies, interconnect solutions and industrial solutions. Guidance DuPont shaved its full-year net sales outlook to about $12.17 billion, from a previous range of $12.45 billion to $12.55 billion. The company cited additional channel inventory destocking and slow industrial demand in China, mostly in its water solutions business, for its revised guidance.

Persons: Ed Breen, DuPont, Jim Cramer's, Jim Cramer, Jim, Edward Breen, Brendan McDermid Organizations: DuPont de Nemours, DuPont, Spectrum Plastics, CNBC, New York Stock Exchange Locations: China

☆ Saudi Arabia sole bidder to host 2034 World Cup, FIFA says
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +1 min

Oct 31 (Reuters) - Saudi Arabia was the only football association to present a bid to host the 2034 FIFA World Cup before the deadline closed, soccer's global governing body said on Tuesday. FIFA had invited bids from Asia and Oceania for the tournament by Oct. 31, and Saudi Arabia announced it would bid only minutes after the announcement on Oct 4. Australia said on Tuesday it would not be presenting a bid to host the tournament, leaving Saudi Arabia as the only candidate. FIFA also confirmed that the sole confirmation of interest in hosting the 2030 World Cup came from Morocco, Portugal and Spain with Uruguay, Argentina and Paraguay hosting celebratory games. On Oct. 4 FIFA announced that the combined bid of Morocco Spain and Portugal would host the 2030 World Cup subject to the completion of a successful bidding process.

Persons: Trevor Stynes, Andrew Heavens Organizations: FIFA, FIFA Council, Thomson Locations: Saudi Arabia, Asia, Oceania, Australia, Morocco, Portugal, Spain, Uruguay, Argentina, Paraguay, Morocco Spain

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