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Piper Sandler reiterates Tesla as overweight Piper says it's sticking with Tesla heading into earnings later this week. Morgan Stanley initiates BioAge Labs at overweight Morgan Stanley says the biotech company is well positioned. " Goldman Sachs upgrades Warby Parker to buy from neutral Goldman sees customer growth for the eyewear company. Morgan Stanley reiterates Home Depot as overweight Morgan Stanley raised its price target on Home Depot to $450 per share from $380. Morgan Stanley downgrades ServiceNow to equal weight from overweight Morgan Stanley said that expectations are already priced in to the stock.
Persons: John Donovan, Piper Sandler, Tesla, Piper, it's bullish, Morgan Stanley, Goldman Sachs, Warby Parker, Needham, Reddit, Gary Friedman, Jack Preston, Baird, TD Cowen, Cowen, Prologis, Goldman, Craig Felenstein, Jim Bombassei, Morgan Stanley downgrades ServiceNow Organizations: Deutsche Bank, GE Vernova, Deutsche, General Electric, BioAge, Barclays, UPS, FedEx, Dominion, Goldman, Nvidia, AMD, Mohawk Industries, JPMorgan, China EV, Catalyst, Bank of America, Fortune Locations: GitLab, NVDA, Europe, U.S, Las Vegas, China
Elon Musk is giving away $1 million each day to a voter who signs a petition. AdvertisementElon Musk's latest gambit to help elect former President Donald Trump may be illegal, according to election law experts. — Elon Musk (@elonmusk) October 20, 2024In this instance, the problem may be that giveaway participants are required to be registered voters. Other election law experts also said that Musk is either barely toeing the line or has outright broken the law. Rick Hasen, an election law professor at the University of California, Los Angeles, wrote on his blog that the giveaway constitutes "clearly illegal vote buying."
Persons: Elon Musk, , Elon, Donald Trump, It's, Musk, Richard Briffault, Briffault, I'm, he's, Rick Hasen, Josh Shapiro, Tim Walz Organizations: Service, America, Trump, America PAC, Department, Justice Department, Columbia Law School, Department of Justice, University of California, Musk's America PAC, Pennsylvania, Gov Locations: Harrisburg , PA, Pennsylvania , Georgia, Nevada , Arizona , Michigan, Wisconsin, North Carolina, Los Angeles
Starting next month, they'll move into public preview, meaning more organizations can start building AI agents of their own. AI agents can act as virtual workers that can carry out a series of tasks without supervision. Microsoft demonstrated how its autonomous AI agents work. Competition is fierceMicrosoft is doubling down on AI agents at a time when competition is intensifying up in the red-hot artificial intelligence space. Microsoft 365 Copilot is a service offered by the tech giant that embeds generative AI into its suite of productivity apps.
Persons: Satya Nadella, Dimas Ardian, they'll, Jared Spataro, Salesforce, Zahra Bahrololoumi, , Bahrololoumi, I'm, Marc Benioff Organizations: Bloomberg, Getty, Microsoft, Copilot, Dynamics, McKinsey, CNBC, Crown Commercial Service Locations: Jakarta, Indonesia, Salesforce, London, U.S, San Francisco, Ireland, Copilot
Last week, U.K. Prime Minister Keir Starmer told Bloomberg that such speculation was "wide of the mark." Several entrepreneurs and investors have warned that the U.K. could face an exodus of technology entrepreneurs as a result of the reported tax changes. Calling the government's plan on capital gains tax the "biggest" issue for entrepreneurs, Stebbings said: "I know fewer entrepreneurs will be here. Not everyone agrees that capital gains tax shouldn't be increased to raise public finances. The analysis found that capital gains tax was not a primary driver of investment decisions, with entrepreneurs more focused on issues like access to financing, market opportunities and broader economic conditions.
Persons: Rachel Reeves, Keir Starmer, Reeves, Giles Andrews, Rishi Khosla, Victor Riparbelli, I've, Adam French, Harry Stebbings, Stebbings Organizations: Britain's, Getty, LONDON, Guardian, Bloomberg, Times, CNBC, Treasury, The Entrepreneurs Network, for Public, Research Locations: British, BADR, Europe, Paris, Berlin, U.S
Bour, now 70, and his wife worried about affording retirement in the US and moved abroad in 2019. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThis as-told-to essay is based on a conversation with Norman Bour, 70, who, along with his wife, left the US for Europe to live abroad in 2019. Courtesy of Norman BourMy girlfriend at the time, now wife, and I left the US in February 2019. While living abroad, we self-insure.
Persons: Norman Bour, , they've, We've, We'll, we'll, Bour Organizations: Service, Social Security, Petronas Locations: California, Bour, Malaysia, Europe, Los Angeles, Costa Mesa , Orange County, Orange, United States, Valencia, Spain, South America, Asia, Albania, Bulgaria, Croatia, Ecuador, Germany, Greece, Italy, Mexico, New Zealand, Peru, Portugal, Romania, Slovakia, Slovenia, Southern California, Copenhagen, France, Nice, Australia, Vietnam, Thailand, Bali, Kuala Lumpur, Batu, Sicily, Malta, Sardinia, Balkans, Eastern Europe
CNBC spoke to Foster about the economics of abortion access and the financial impacts of the end of Roe v. Wade. Diana Greene Foster: One good thing about The Turnaway Study is that our demographics closely resemble national demographics on who gets abortions. [They're also] more likely to have evictions, have a larger amount of debt if they're denied an abortion. The number of public records, such as bankruptcies, evictions and court judgements, significantly increased for those denied abortions, by 81%. So, it isn't the case that everyone who wants an abortion is now carrying a pregnancy to term.
Persons: Gina Ferazzi, Foster, Roe, Wade, Greg Iacurci, Diana Greene Foster, It's, That's, hasn't, couldn't, They're, they're, I'm Organizations: Los Angeles Times, Getty, Pew Research Center, CNBC Locations: Arizona, Phoenix , Arizona, U.S
AdvertisementElon Musk's latest gambit to help elect former President Donald Trump may be illegal, some election law experts say. — Elon Musk (@elonmusk) October 20, 2024In this instance, the problem may be that giveaway participants are required to be registered voters. According to the America PAC website, the giveaway program is "exclusively open to registered voters in Pennsylvania, Georgia, Nevada, Arizona, Michigan, Wisconsin and North Carolina. Other election law experts also said that Musk is either barely toeing the line or has outright broken the law. Rick Hasen, an election law professor at the University of California, Los Angeles, wrote on his blog that the giveaway constitutes "clearly illegal vote buying."
Persons: Elon Musk, , Elon, Donald Trump, It's, Musk, Richard Briffault, Briffault, he's, Rick Hasen, Hasen, Matthew Alvarez, Tucker, Alvarez, Trump, We're, Josh Shapiro, Shapiro, Tim Walz Organizations: Service, America, Trump, America PAC, Department, Justice Department, Columbia Law School, Department of Justice, University of California, Rutan, DOJ, Musk's America PAC, Pennsylvania, Business, Gov Locations: Harrisburg , Pennsylvania, Pennsylvania , Georgia, Nevada , Arizona , Michigan, Wisconsin, North Carolina, Los Angeles
Kirat Assi shares her story of being catfished for eight years in Netflix's "Sweet Bobby: My Catfish Nightmare." The catfisher, Simran Bhogal, seems to have no online presence now. AdvertisementWarning: Spoilers ahead for Netflix's "Sweet Bobby: My Catfish Nightmare" and Tortoise's podcast "Sweet Bobby." AdvertisementSimran Bhogal seems to have scrubbed her online presenceThe real Bobby Jandu and Kirat Assi in "Sweet Bobby: My Catfish Nightmare." Tortoise's 2021 podcast series "Sweet Bobby," also about Assi's catfishing case, provides the most information about Bhogal's life.
Persons: Kirat Assi, Bobby, Bobby Jandu, Simran Bhogal, , Kirat, Assi, Jandu, Sanj, Bhogal, Assi's, catfishing Assi, Alexi Mostrous, Mostrous Organizations: Service, Tortoise Media, Facebook, Netflix, Barclays, Finance, London's Locations: Netflix's, London, Brighton, Assi's, West London
Aetherflux aims to launch a constellation of satellites to transmit solar power to Earth using infrared lasers. Bhatt told BI why he's joining the commercial space race and what Robinhood taught him about capitalism. AdvertisementAetherflux aims to create a constellation of satellites in low Earth orbit (LEO) that will collect solar power and beam it down to receptors on Earth using infrared lasers. Caltech's president, Thomas F. Rosenbaum, said the project had shown them that solar power beamed from space "is still a future prospect" but that it "should be an achievable future." The science has already been demonstrated; it's just going to be an engineering and economic feat to prove it can be done from space, Bhatt said.
Persons: Baiju Bhatt, Bhatt, Robinhood, , Vlad Tenev, Elon, Baiju Bhatt Bhatt, Thomas F, Rosenbaum, it's, he'd, you'll, Spencer Platt, Matthew Weinzierl, Weinzierl, Einstein, Aetherflux Organizations: he's, Service, California Institute of Technology, NASA, Langley Research Center, Stanford, DARPA, Investment, Space Angels, McKinsey, Harvard Business School, SpaceX, Getty, Apex, Forbes Locations: India, Anadolu, Bay
Last week, the University of Chicago Booth School of Business launched the Booth Family Office Initiative, a combination of research programs, courses and summits aimed at current and future family office executives. Business schools at Harvard, Columbia, Northwestern, Pepperdine and other universities have started offering courses aimed at family offices or family-owned companies. For family offices, the programs can help train the next generation of family office leaders at a time when talent is scarce and family offices are battling for experienced investors, accountants, lawyers and estate planners. The number of family offices has grown to more than 8,000 from about 6,000 in 2019, according to Deloitte. As more wealthy alumni launch family offices or work for one, they're becoming an important pipeline of donors and funding.
Persons: Robert Frank, Booth, Paul Carbone Organizations: University of Chicago Booth School of Business, Pritzker Private Capital, Family, Business, Harvard, Pepperdine, Wharton School, University of Pennsylvania, CCC Alliance, Wharton, Family Alliance, Deloitte Locations: Columbia, Northwestern
While rent prices are undoubtedly rising, it’s unclear how much of the jump is due to corporate investors who buy up multiple properties. “Community after community feels taken advantage of by Wall Street investors and corporate landlords who have bought thousands of single-family homes during recent downturns,” Harris’ policy platform reads. A CNN analysis found that rent increases recently outpaced wage growth in cities with a meaningful presence of big investors. Ownership by corporate landlords, which CNN calculated by combining limited liability entities, real estate corporations and real estate investment trusts, stood at 16%. The number of single-family homes under construction dramatically decreased after the 2008 financial crisis, and construction never really returned to pre-recession levels.
Persons: Kamala Harris, Harris, ” Harris, Michael Seiler, College of William & Mary, , we’re, ” Seiler, Laurie Goodman, ” Goodman, Donald Trump, ” Jared Kushner, Trump’s, CoreLogic, Goodman, “ There’s, Organizations: CNN, White House, Wall Street, College of William &, Urban Institute, Bureau of Labor Statistics, Housing Finance, Center, SSRS, Republican, Census Locations: United States, Atlanta, Jacksonville , Florida, Charlotte, North Carolina, Zillow
Harrison Beacher real estate agent and managing partner at Coalition Properties Group in Washington, D.C. States such as Georgia do not require real estate agents or sellers to disclose upfront if the home was the site of a death. Nearly three-quarters, 72%, of potential homebuyers said they would buy a "haunted" house for a lower price, according to a new report by Real Estate Witch, a data site owned by Clever Real Estate. In some states, real estate agents need to provide truthful information upon a buyer's request, or at the very least, point you toward the right direction to find out. Besides the real estate agent, neighbors can give you first-hand experience of the area, as well as information about the previous homeowners.
Persons: Matt Champlin, Harrison Beacher, Zers, I'm, homebuyers, Daryl Fairweather, Fairweather, Beacher, Leno, Rosemary LaBianca, Charles Manson's, Zak Bagans, Connie Vavra, Theresa Payton Organizations: National Association of Realtors, NAR, Coalition Properties Group, Washington , D.C, Finance, Real, White House Locations: Washington ,, California, Alaska, Dakota, New York, Georgia, Elgin , Illinois
For some shoppers, the upcoming holiday season may lead to significant credit card debt. "Between buying gifts and booking peak-season travel, the holidays are an expensive time of year," said Sara Rathner, NerdWallet's credit cards expert. "Not only are consumers at risk of getting into credit card debt, but that debt can stick around long after the decorations come down." More from Personal Finance:2 in 5 cardholders have maxed out a credit card or come close2.5% adjustment to Social Security benefits coming in 2025'Fantastic time' to revisit bonds as interest rates fallThe stakes are higher in 2024 with credit card debt already at $1.14 trillion. The average credit card charges more than 20% — near an all-time high.
Persons: Sara Rathner Organizations: Finance, Security, National Retail Federation, Shoppers
Analysts pick winners from China stimulus measures
  + stars: | 2024-10-20 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +4 min
Now that China's key ministers have spoken on stimulus, analysts have narrowed down the stocks likely to benefit. Chinese stocks have tempered their recent rally as investors await more policy details. Beyond interest rate cuts, the most tangible Chinese stimulus policies include subsidies to boost consumption with a trade-in program, along with incremental property market support. They screened for mainland-traded Chinese stocks with relatively high dividend yields and strong cash flow. While Chinese property developers may not bounce back right away, HSBC analysts expect construction software company Glodon, listed in Shenzhen, can benefit from property market stabilization.
Persons: David Chao, Morgan Stanley, Morgan, Ni Hong, Edward Chan Organizations: Asia Pacific, Aluminum Corp, Cement, HSBC, National Bureau of Statistics Locations: Japan, Invesco, Hong Kong, Anhui, Beijing, Shenzhen, Shanghai
More than 1,000 older Americans shared their biggest regrets in life with Business Insider. AdvertisementOver 1,000 Americans between the ages of 48 and 90 told Business Insider their biggest regrets in life. Others said they took Social Security too early or didn't pursue career opportunities that may have led to higher pay. Many respondents' regrets are partially out of their control, from a cancer diagnosis disrupting financial stability to an unexpected divorce or layoff. However, Social Security rules dictate that he cannot collect his wife's $1,300 monthly benefits because her amount is lower than his.
Persons: , didn't, Janis Carroll, She's, Carroll, Jan Hoggatt, hadn't, I'd, Hoggatt, Jessica Johnston, hasn't, Steve Watkins, Watkins, they're, Michael R, Carol Brownfield, Brownfield Organizations: Business, Social Security, Service, Prudential, Brunswick Group, National Council, Aging, Health, Gallup, Center, Security, Social Locations: Eugene , Oregon, St, Louis, Los Angeles, York, Washington
Adding impetus to their effort is the fact Israeli military strikes are now hitting UN peacekeeping bases in southern Lebanon, which house European troops. European reproach of Israel reached new levels when Israeli military strikes began hitting posts of the UN peacekeeping mission in southern Lebanon. The UN has said Israel’s military has fired on its peacekeepers multiple times in recent weeks, injuring more than a dozen. ‘We have blocked everything’Italy’s Prime Minister Giorgia Meloni also condemned Israel’s actions in Lebanon, including an Israeli military strike that hit a UN peacekeeping base where around 1,100 Italian troops are stationed. In an earlier move that protested Israel’s war in Gaza, Spain, Ireland and Norway formally recognized Palestinian statehood in May.
Persons: CNN —, Benjamin Netanyahu, , ” Hugh Lovatt, Josep Borrell, Ali Moustafa, ” Lovatt, , Biden, It’s, ” Borrell, Lovatt, Israel, Maya Sion, Netanyahu, António Guterres, Emmanuel Macron, “ Netanyahu, Macron, Carl Court, ” Macron, ” Netanyahu, Borrell, Guterres, Giorgia Meloni, ” Meloni, Meloni, Tzidkiyahu, Keir Starmer, of National Security Itamar Ben, Bezalel Smotrich, David Cameron, Ben Gvir, Smotrich, ” Ben Gvir’s, Chancellor Olaf Scholz, Israel “ Organizations: CNN, UN, EU, North Africa, Foreign Relations, Hamas, European Union, Red Crescent, Reuters, UNIFIL, Europe, Agence France, Presse, United Nations Interim Force, AFP, Israel, UK, Stockholm International Peace Research Institute, Foreign Affairs Council, Getty, of National Security, Finance, Sky News, DPA, Nazi Locations: CNN — Israel, Gaza, Lebanon, Israel, East, Berlin, Rafah, Egypt, United States, , Iran, Spain, Ireland, Italy, France, Tzidkiyahu, Jerusalem, Paris, AFP, Marjayoun, Vichy, Stockholm, Germany, United Kingdom, Irish, Sion, Norway, Britain, Lebanese, Khiam, Palestine
My freelance translation work is flexible and fits around my job as a university teacher. AdvertisementMarco Simões started using AI for translation in 2020. I decided to try out translation work on the side after someone at Intel suggested I work as a translator there. Using AI has meant my productivity has increased, and I can accept more jobs than I did in the past, but pay doesn't necessarily increase. Using AI tools, such as Bard and ChatGPT, I can translate around 1,000 to 1,200 words an hour.
Persons: Marco Simões, Simoes, , São Paulo, Wintranslation, I've, Bard, ChatGPT, I'm, It's Organizations: BI, Service, Novell, Intel, São Paulo, Google Locations: Sao Paulo, Brazil, São, America
He chose a work-life balance over salary but his goal of starting a family was still out of reach. It took him 11 years and multiple strategic career moves, but he finally achieved the work-life balance he'd always wanted. AdvertisementAfter PwC, he took a position with Walmart's eCommerce division, which offered greater work-life balance but a major salary reduction. Still, Manalac felt his decision was well worth it because of the drastic improvements in work-life balance. If you work in Big Tech or finance and would like to share your work-life balance story, email Tess Martinelli at tmartinelli@businessinsider.com
Persons: Mike Manalac, Manalac, , He's, he'd, PwC, Walmart's, San, It's, Tess Martinelli Organizations: Service, Google, Walmart, Business, Baltimore —, Bay, Big Tech Locations: Area, Chicago, Baltimore, San Francisco, Silicon Valley, Bay, Nob, Michigan, Maryland, Big, tmartinelli
As more retirees start to claim Social Security, there are not enough workers contributing to the program to make up for that increase in benefit payments. But the trust fund Social Security relies on to pay retirement benefits is projected to be depleted in 2033. watch nowBoth presidential candidates — former president Trump and Vice President Harris — have vowed to protect Social Security benefits. "Seniors should not pay tax on Social Security," Trump wrote on July 31 in all capital letters on social media platform Truth Social. Ending taxes on Social Security benefits would move the insolvency date of Social Security's trust fund closer by over one year, according to the Committee for a Responsible Federal Budget.
Persons: Donald Trump, Kamala Harris, Allison Joyce, , Donald Trump —, Trump, Harris —, Jason Fichtner, Mike Blake, Howard Gleckman, Gleckman, Harris, Kevin Lamarque, Joe Biden, Biden, Governor Walz, Mia Ehrenberg Organizations: Art House Theatre, Bloomberg, Getty, Social Security Administration, Democratic, Republican, Social, Social Security, CNBC, Center, Alliance, Lifetime, Income, Trump, Reuters, ABC, Finance, Urban, Brookings Tax, Brookings, U.S, Union, Employers, Center for Economic, Research, Washington Democrats Locations: Fayetteville , North Carolina, Coachella , California, U.S, Detroit , Michigan
When I wanted to study abroad in Italy, my mother said I couldn't because it was too dangerous. It caused a strain on our relationship, and I moved abroad anyway. The second time I headed to Italy, my mother visited and realized she was wrong. My mother, however, expressed concerns about the risks I might face traveling through countries where I didn't speak the language. My mother finally seized the chance to visit.
Persons: , Amanda Knox, isn't, didn't, Trevi, Pope Organizations: Service, Port Authority Locations: Italy, Manhattan, Europe, Rome, Florence, Siena
If Netanyahu is feeling that pressure, that wasn't evident from his comments on Friday. International insistence that the Israeli government ease the suffering in Gaza had already intensified in the weeks before Sinwar was killed. Domestically, that may be more of a complex dance for Netanyahu, who heads a still-fragile coalition comprised of many of Israel’s most hawkish lawmakers. Until then, we will intensify military pressure,” Finance Minister Bezalel Smotrich — whom both major U.K. political parties have considered sanctioning this year — said in a post on X. Before Hamas' attack, Netanyahu was scrambling to keep onside the disparate right-wing and religious parties in his fractious ruling coalition while facing huge protests against him.
Persons: Netanyahu, , , Sinwar, Joe Biden, ” Biden, Bezalel Smotrich —, Organizations: U.S, Locations: Iran, Gaza, Lebanon, Syria, Iraq, Yemen, Berlin
I’ve tried PC speakers, bookshelf speakers, smart speakers — some of which weren’t very smart — and I’ve tried nearly every major Bluetooth speaker on the market. What we likeThe HomePod turns your speaker into a home base for all your Apple and smart home devices. Another issue that tampered with my experience with the Apple HomePod was the lack of Bluetooth connectivity. Other products to considerThe HomePod Mini is jam-packed with many of the same features as its larger counterpart the Apple HomePod. I used my years of commerce expertise and tech coverage for this article to review Apple’s HomePod smart speaker.
Persons: I’ve, , Siri, HomePod, Apple HomePod, It’s, TikTok Organizations: Apple, NBC, Netflix, Google, Bluetooth, Facebook, Twitter
Billionaire Elon Musk has upped his financial offer for registered swing state voters to sign a conservative-leaning petition. On Thursday, Musk wrote on X that his pro-Trump super PAC would give $100 to signees and those who refer them. He said the deadline to sign the petition is Monday night, the day that Pennsylvania voter registration closes. “If you’re a registered Pennsylvania voter, you & whoever referred you will now get $100 for signing our petition in support of free speech & right to bear arms,” Musk wrote. For anyone who refers a registered swing state voter to sign it, Musk promised to mail a check.
Persons: Elon Musk, Musk, ” Musk, Donald Trump, Trump, , hadn’t Organizations: Trump, America PAC, Musk’s America PAC, Facebook Locations: signees, Trump, Pennsylvania, Michigan, North Carolina
The Hamas leader was “the caring father and the leader of the Palestinian cause,” Moslah added. “May God have mercy upon him.”For others, Sinwar’s death was an unsurprising outcome for a hardened jihadi militant. He spent years in an Israeli jail learning Hebrew and studying the inner workings of Israeli politics and military tactics. It showed a man, identified by Israel as Sinwar, sitting in a chair in a destroyed apartment as an Israeli drone buzzed around him. Moments later, the Israeli military would fire its kill shot — a missile destroying the building.
Persons: Sinwar, , ” Abaad, Moslah, , Ziad Maqdad, “ Yahya Sinwar, Burcu, Khalil Al, Hayya, Yahya Sinwar, lamely, Seyed Abbas Araghchi, Omar Dajani, David, Sinwar “, Dajani, John Wessels, Ahmed Yossef, Benny Gantz, Gaza “, Belazel Smotrich, Frank Lowenstein, Barack Obama, Mohammed, ” Lowenstein, Sheikh Ahmed Yassin, Rashid Khalidi, Netanyahu Organizations: NBC News ’, Royal United Services Institute, Israel Defense Forces, NBC, AFP, Getty, Palestinian Center, Policy, Research, University of, Columbia University, Locations: Palestinian, Beit Hanon, Gaza, Israel, United States, London, Jerusalem, Iranian, Palestine, Stockton , California, Sinwar, “ Israel
China’s National Bureau of Statistics on Friday reported third-quarter GDP growth of 4.6% year on year, slightly exceeding the 4.5% expected by economists polled by Reuters. “The national economy showed positive signs of growth in September,” Sheng Laiyun, the bureau’s deputy commissioner, said at the news conference, according to CNBC’s translation of the Chinese. Other data also released on Friday, such as retail sales and industrial production, also beat expectations, a hopeful sign for the world’s second-largest economy. “Despite the multitude of challenges, China’s economy is not incurable as some would suggest,” Xu added. Authorities continued to dip feed more stimulus measures throughout this month amid low consumer sentiment and a flagging property sector.
Persons: ” Sheng Laiyun, , Tianchen Xu, ” Xu, Finance Lan Organizations: China’s National Bureau, Statistics, Reuters, Economist Intelligence Unit, China’s, Finance, Ministry Locations: China’s, Beijing
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