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☆ Trump and Vance make anti-transgender attacks central to their campaign’s closing argument
▼ + stars: | 2024-11-01 | by ( The Associated Press | ) www.nbcnews.com time to read: +8 min

His rally speeches now feature a spoof video mocking trans people and their place in the U.S. military. In doing so, Vance was citing conservative anger about affirmative action and other programs geared toward historically disenfranchised groups. “Why are we debating trans people’s medical care? Clips show Harris affirming her support for federal policies that allow federal prisoners access to medical care including gender-affirming hormone treatments and, potentially, transgender surgery. By the time Trump takes the stage, multiple speakers have primed the audience on the issue.

Persons: Donald Trump, Kamala Harris, ” Trump, JD Vance, Vance, ” Vance, podcaster Joe Rogan, “, Anderson Cooper, “ Allison Cooper, ” Harris, You’re, Donald Trump’s, Trump, Sarah Kate Ellis, ” Ellis, they’re, Charlotte Clymer, it’s demoralizing, Harris, ’, ”, Joe Biden, ‘ wokeism, Vivek Ramaswamy Organizations: ATLANTA, Republican, Democratic, U.S ., Trump, CNN, Fox, Gallup, GLAAD, Democrats, Biden Locations: U.S, Vietnam, Madison, It’s, California

☆ Natilus Horizon plane’s innovative shape promises greener flights and added comfort
▼ + stars: | 2024-11-01 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +8 min

CNN —Spurred by increasing global demand for air travel, aviation emissions have been rising faster than those from rail, road, or shipping in recent decades. The Natilus Horizon passenger plane aims to reduce emissions by 50%, and increase payload by 40%, due to its blended-wing body shape. Matyushev says the blended wing body design originated in the 1990s from McDonnell Douglas, a major American aerospace manufacturer that merged with Boeing in 1997. Boeing never commercialized a blended wing plane, but studied the concept and produced an unmanned prototype, the X-48. “One of the challenges with the blended wing body design is stability and control,” he explains.

Persons: JetZero, Natilus, ”, Aleksey Matyushev, Matyushev, McDonnell Douglas, —, “, you’re, Gary Crichlow, Max, ” Natilus, Crichlow Organizations: CNN, Aviation, SAF, Airbus, Boeing, Max, Aviation News Limited Locations: California, San Diego, Kona, American, Natilus, JetZero

“There’s no white knight coming,” a federal law enforcement official told NBC News, speaking on the condition of anonymity to describe the posture of federal authorities in the coming weeks, after Election Day. Law enforcement officials across the country said they believe the 2024 election will have a more sustained drumbeat of partisan rhetoric and disinformation than the 2020 election. The FBI has also set up a National Election Command Post at headquarters specifically to focus on election threats, as is standard practice in an election year. Two law enforcement officials expressed some concern that a federal response to any serious election issues could be chaotic and involve a “hodgepodge” of different state, local and federal law enforcement agencies and local election entities. Four other current and former law enforcement sources said they worried that disinformation and conspiracy theories could affect some segments of the law enforcement community, especially in parts of the country where Trump has significant support.

Persons: Donald Trump, Trump, “ We’ve, Rebecca Weiner, —, Attorney General Merrick Garland, “, General Merrick Garland, Chip Somodevilla, Jan, — “, Garland, Department’s, ” Organizations: WASHINGTON —, U.S . Capitol, NBC News, New York Police, Democrat, FBI, Justice Department, Trump, Infrastructure Security Agency, The Justice Department, Department, Attorney, Getty, Law, Department of Homeland Security, Capitol, Force Locations: ”, U.S, ” Federal, China, Iran, Russia, stoke

Expect a “noisy” jobs report Friday that will be heavily affected by storms and a labor strike, economists say. The Bureau of Labor Statistics is forecast to report that the U.S. economy gained 110,000 jobs in October, with the unemployment rate unchanged at 4.1%. “Unfortunately, it won’t be easy to interpret the October jobs report,” Chris Waller, a member of the Fed’s Board of Governors, said earlier this month. At 4.1%, the unemployment rate is still historically low, while the rate of inflation has effectively returned to the Fed’s 2% annual target. “Without an increase in hiring, even moderate levels of job losses will likely cause the unemployment rate to pick up.”

Persons: ” Chris Waller, Helene, Milton, Jason Redmond, ”, Julia Pollak, Pollak, Biden Organizations: Labor Statistics, Boeing, Fed’s, of Governors, International Association of Machinists, Aerospace Workers, Getty, ZipRecruiter, Bureau of Labor Statistics, U.S . Department of Labor, Citi Locations: U.S, Tuesday’s, Seattle, AFP

America PAC has been tasked with much of the pro-Trump canvassing operation as his campaign focuses its efforts on a more limited effort targeting so-called low-propensity voters. “I know it’s been flagged for America PAC that this has been transpiring,” an operative formerly on the effort said. As some of that data spilled into public view last month, an operative close to the effort said: “All hell has broken loose” inside the PAC. Through late October, America PAC had spent upward of $54 million on Blitz’s services, according to Federal Election Commission filings — more than the PAC has on the three other vendors combined. America PAC ended its relationships this summer with two other prominent GOP-aligned canvassing firms that were knocking on doors as part of its effort.

Persons: they’re, Donald Trump’s, Trump, canvassers, ” Drew Ryun, Chris Turner, Jefferson Thomas, Josh Penry, Jon Seaton, ”, ‘ There’s, Ron DeSantis ’, Elon Musk, Phil Cox, “ isn’t, Turner, Thomas, Penry, Seaton, baselessly, ‘, ‘ Donald Trump, ’ ‘, it’s, Alysia McMillan, I’ve, “ We’re, we’ve, Helene, “, “ I’m, David Plouffe, Kamala Harris ’, “ Elon Musk, Elon Organizations: Republican, Elon, America PAC, NBC News, Trump, NBC, telltale, PAC, Patriot Grassroots, Synapse Group, Echo Canyon Consulting, Florida Gov, Musk’s, America, Patriot, Synapse, . America PAC, GOP, Blitz, The Guardian, Reuters, ”, CNN, Nelk Boys YouTube Locations: Nevada and Arizona, Florida, Nevada , Michigan, Arizona, North Carolina, . In Nevada, America, Nevada, ”, Wisconsin, Iredell County, Charlotte

☆ Wall Street kicks off historically strong month after wild October
▼ + stars: | 2024-11-01 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 fell 1% in October, snapping a five-month advance. Now, Wall Street is coming into what has historically proven a strong month for stocks — which could push stocks to new heights. A CNBC analysis of FactSet data showed November has been the second-strongest month for the S & P 500 going back 10 years. Going back 20 years, the S & P 500 averages a 2.2% increase in November. Elsewhere on Wall Street this morning, analysts reacted to the latest quarterly earnings reports from megacaps Apple and Amazon .

Persons: Kamala Harris, Donald Trump, Goldman Sachs, Michael Ng, Doug Anmuth, Anmuth Organizations: Dow Jones Industrial, Nasdaq, Federal Reserve, CNBC, U.S, NBC, Apple Locations: U.S

☆ Coterra Energy posted a mixed quarter, but delivered beats where it matters most
▼ + stars: | 2024-11-01 | by ( ) www.cnbc.com time to read: +6 min

Coterra Energy Why we own it: Formed by the merger of Cabot Oil & Gas and Cimarex, Coterra Energy is an exploration-and-production company with a high-quality, diversified asset portfolio. It's committed to returning 50% or greater of annual free cash flow to shareholders. However, shares are moving lower Friday after management cut its discretionary cash flow outlook for the remainder of the year. So far this year, Coterra has returned 100% of its free cash flow to shareholders. As a reminder, management's stated commitment is to return 50% or more of annual free cash flow via dividends and buybacks.

Persons: —, It's, Coterra, management's, We're, Daniel Guffey, Jim Cramer's, Jim Cramer, Jim, Brandon Bell Organizations: Coterra Energy, LSEG, Coterra, Cabot Oil & Gas, EQT Corp, Devon Energy, Oil, CNBC, Getty Locations: Nolan , Texas

☆ Analysts stay bullish on Apple with hopes of an iPhone upgrade boom
▼ + stars: | 2024-11-01 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Despite a somewhat mixed quarterly report, analysts on Wall Street are sticking by Apple . Goldman Sachs reiterates buy rating and $286 price target Analyst Michael Ng's forecast implies about 27% upside from Thursday's close. UBS stays neutral on Apple stock over 'muted' iPhone demand outlook The firm's $236 per share price target calls for about 4% upside. Bank of America remains unchanged with $256 per share target price Analyst Wamsi Mohan reiterated a buy rating on Apple. "With iPhones likely flat to modestly up into Dec, we expect iPhone growth to improve through F25 and beyond."

Persons: Tim Cook, Goldman Sachs, Michael Ng's, Ng, Morgan Stanley, Erik Woodring, Woodring, qtr, David Vogt, Wamsi Mohan, Mohan Organizations: Apple, CNBC, Wall, Apple Intelligence, UBS, Bank of America Locations: CY25

☆ Trump says ‘war hawk’ Liz Cheney should be sent into battle in escalation of threatening rhetoric against his opponents
▼ + stars: | 2024-11-01 | by ( Eric Bradner | ) edition.cnn.com time to read: +2 min

CNN —Donald Trump said former Rep. Liz Cheney is a “war hawk” who should be sent into the line of fire, as he raged against one of his most prominent intra-party critics while campaigning Thursday night in Arizona. Let’s put her with a rifle standing there with nine barrels shooting at her, OK?” Trump said. She played a leading role on the House select committee that investigated the attack, and later was ousted from her deep-red Wyoming House seat by a Trump-backed primary opponent in 2022. In recent weeks, Cheney has campaigned alongside Vice President Kamala Harris, urging Republicans to set aside party differences to back the Democrat and reject a candidate she says poses a threat to democracy. “I don’t blame him for sticking with his daughter, but his daughter’s a very dumb individual — very dumb,” Trump said.

Persons: Donald Trump, Liz Cheney, ”, Cheney, Tucker Carlson, “, Let’s, ” Trump, ” Cheney, Kamala Harris, Trump, Dick Cheney, Harris, Cheney’s, Scooter Libby, they’re, …, ’ ” Organizations: CNN, Republican, Fox News, Trump, Wyoming Republican Locations: Arizona, Glendale, Wyoming, Washington

☆ Rúben Amorim: Manchester United announce Portuguese coach as team’s new manager
▼ + stars: | 2024-11-01 | by ( Matias Grez | Aleks Klosok | ) edition.cnn.com time to read: +6 min

CNN —Manchester United has announced the appointment of Rúben Amorim as the club’s new first-team head coach, following the sacking of Erik ten Hag. The 39-year-old has also won the Portuguese League Cup twice with Sporting and once with former club Braga in 2020. Sporting said in a statement that United will pay the Portuguese club €11 million ($11.95M) as a release fee to hire Amorim as first-team coach. Under the Dutchman, United won the 2023 League Cup and 2024 FA Cup but has struggled desperately in the Premier League. Familiar territorySix years ago, Amorim completed a week-long internship under then United manager and Portuguese compatriot José Mourinho.

Persons: Rúben Amorim, Erik ten, Amorim, “, ” United, Hag, United, Ruud van Nistelrooy, Justin Setterfield, CNN Sport’s, Amorim –, –, Hansi Flick, Vincent Kompany, Jurgen Klopp’s, David Moyes, INEOS, it’s, ‘ He’s, He’s, ” Pedro Pinto, Gualter Fatia, José Mourinho, he’ll, Bruno Fernandes –, Diogo Dalot, Manuel Ugarte, Fernandes, ”, Patricia de Melo Moreira, it’ll, “ Sir Alex Ferguson, ” Pinto, what’s, ‘ We’re, ’ ” Amorim Organizations: CNN, Manchester United, United, Sporting CP, Sporting, Portuguese League, Braga, ”, €, West, Premier League, Dutchman, Premier League ., League, Former United, Leicester City, Barcelona, Bayern Munich, Liverpool, Anfield, West Ham United, ’, Sports, CNN Sport, Manchester, Arsenal, AFP, Getty, Red Devils, English Premier League, Europa League Locations: Portugal, West Ham, Amorim, Old Trafford, Lisbon – Portugal, Manchester City, Portuguese

☆ Tom Hanks says he's in "better shape" at age 68 than in his 30s. He can take care of himself now his kids have grown up.
▼ + stars: | 2024-11-01 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +2 min

Tom Hanks said he is in "better shape" at age 68 than he was in his 30s. Hanks said that he found it hard to play the younger version of his character. AdvertisementTom Hanks said he's in "better shape" at age 68 than he was in his 30s, because he has more time to focus on his health than he did when he was raising a family. Hanks told Entertainment Tonight of the difficulties of playing the younger version of his character. Related Video"I think I'm in better shape now.

Persons: Tom Hanks, Hanks, —, he's, Forrest Gump, Robert Zemeckis, Robin Wright, it's Organizations: Service, Entertainment, Radio Times

☆ Trump and Harris portfolios to play the election winner, according to Strategas Research
▼ + stars: | 2024-11-01 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

"The differences between Trump and Harris are as wide as we have ever seen." Differences in trade policy specifically, he said, are going to "determine where growth and earnings take place around the world." In contrast to Trump's trade policy, reduced trade tensions under Harris could lead to gains for FedEx , which has advanced more than 8% this year. During that debate, Harris also accused Trump of gearing up to abandon support of Ukraine. If Harris were to win the election, Clifton believes RTX is beneficiary of continued U.S. support of Ukraine.

Persons: Strategas, Donald Trump, Kamala Harris, Daniel Clifton, Harris, Clifton, Lazard, Trump, RTX Organizations: U.S, NBC, Trump, Republican, Basel III, Nasdaq, FedEx, Biden, NextEra Energy Locations: China, Basel, India, Cleveland, Southern, Ukraine, U.S

☆ American Battleground: The fight to the finish — and what lies beyond the 2024 campaign
▼ + stars: | 2024-11-01 | by ( Tom Foreman | ) edition.cnn.com time to read: +25 min

“Do you think Donald Trump is a fascist?” Anderson Cooper asked her in a CNN town hall just two days earlier. They are indeed the ‘enemy from within.’”Former President Donald Trump addresses the crowd during his campaign rally at New York’s Madison Square Garden on October 27. You’re a sh*t vice president.’”It’s crude, it’s rude, but for Trump’s campaign it is right on target. “We know what Donald Trump wants,” Harris says in DC just outside the vice presidential residence. As Trump’s 2020 campaign communications director Erin Perrine puts it, “Donald Trump is a political anomaly.

Persons: Joe Biden, Donald Trump, Read, Trump, Kamala Harris, ” Anderson Cooper, “, ” Harris, Rebecca Wright, John Kelly, Trump “, Defense James Mattis, John Bolton, Mark Esper, Bob Woodward, Staff Mark Milley, Republican Sen, Lindsey Graham, Mitch McConnell, Mike Johnson, ”, Harris, ” “, Tony Hinchcliffe, Puerto Rico, ’ ”, Anna Moneymaker, ” Trump, Ezra Klein, Maggie Haberman, He’s, Edward, Isaac Dovere, …, ” Demonizing Harris, Frank Luntz, CNN’s, Michael Duncan, you’ve, Erick Erickson, Arnold Palmer’s, ’, Jenny Kane, Jeff Zeleny, Gloria Borger, he’s, Russia’s Vladimir Putin, Kim Jong, “ She’s, Eva McKend, ” Zeleny, CNN’s Laura Coates, Biden, ” Coates, Julia Roberts, Eminem, Oprah, Beyonce, Michelle Obama, CNN’s Dovere, Barack Obama, Jonathan Drake, Reuters Trump, ” McKend, Erin Perrine, “ Donald Trump, Daniel Dale, Hurricane Helene, Mike Pence, “ Let’s, Let’s, Sinéad O’Connor, Hillary Clinton, We’ve, Norm Eisen, Eisen, – Trump, –, Stephanie Cutter, Evelyn Hockstein, Reuters Harris, Abraham Lincoln Organizations: CNN, Los Angeles Dodgers, New York Yankees, ABC, ”, Trump, Trump’s, New York Times, Defense, Joint Chiefs, Staff, Republican, Marxist, Madison, Democratic, Puerto Ricans, New, Garden, GOP, Fox, WIN, Political, Illegal Voters, The New York Times, ” CNN, Fox News, Reuters, Biden, Univision, Capitol, “, United States Capitol Locations: Delaware County , Pennsylvania, York City, Puerto, Mexico, Portland , Oregon, Pennsylvania, DC, Georgia, In Michigan, Detroit, Charlotte , North Carolina, Trump, Hurricane, Madison, Washington ,

☆ Goldman has a new AI play where it sees nearly 40% upside
▼ + stars: | 2024-11-01 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Penguin Solutions could be a breakout player in the expanding artificial intelligence boom, according to Goldman Sachs. The Wall Street investment bank on Friday initiated coverage of the enterprise AI company, which changed its name from SMART Global Holdings last month , with a buy rating and a $21 per share price target. Penguin shares had pulled back more than 20% in 2024 through Thursday, but are about 5.5% higher in early trading Friday. PENG YTD mountain Penguin Solutions shares in 2024. Penguin designs and manufactures enterprise solutions for markets including computing, memory and light-emitting diode ( LED) lighting.

Persons: Goldman Sachs, PENG YTD, PENG, Goldman, Michael Ng, Ng Organizations: Penguin, SMART Global Holdings, Penguin Solutions, Penguin Computing

☆ At-home brain stimulation relieves symptoms of depression, study finds
▼ + stars: | 2024-11-01 | by ( Brenda Goodman | ) edition.cnn.com time to read: +8 min

CNN —A headset worn at home that zaps the brain with the energy of a 9-volt battery could help relieve symptoms of depression, a new study shows. Rebalancing brain activity in depressionThe device is available in the UK, Norway, Hong Kong and countries in the EU. Studies show that people with depression tend to have less brain activity than normal in the dorsolateral prefrontal cortex and more brain activity than normal in the ventromedial prefrontal cortex. A ‘spicy’ sensation with brain benefitsLeana De Hoyos, a 34-year-old mother of two who lives in Houston, was one of the study participants. Helping people use brain stimulation at homeFu says that when her team started looking at transcranial direct current stimulation for depression, they first reviewed the medical literature.

Persons: ”, Rodrigo Machado, Vieira, Machado, It’s, it’s overactive, Daniel Mansson, Cynthia Fu, Fu, Leana De Hoyos, De Hoyos, didn’t, ” De Hoyos, I’m, you’ve, “, ’, ” Fu, Dr, Sanjay Gupta, “ We’re, Mansson, hasn’t Organizations: CNN, Nature Medicine, Therapeutics, US Food and Drug Administration, Neuroscience, King’s College London, CNN Health, “ Locations: UTHealth, Norway, Hong Kong, Swedish, United States, Houston, Europe

☆ JetBlue founder says struggling airlines need to ditch barebones planes and give flyers more choices
▼ + stars: | 2024-11-01 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

Budget airlines like Spirit, Frontier, and Southwest are struggling to turn a profit. The still-in-service airlines Neeleman founded, like JetBlue Airways, Azul Brazilian Airlines, Canada's WestJet, and Breeze Airways, largely follow this idea. Historically, these strategies have been absent from the likes of Spirit, Frontier, and Southwest, which have stuck to all-economy aircraft with little choice. Southwest Airlines boats an open-seating policy where seats are first-co,me first-serve. Low-cost airlines should continue to ditch barebones planesSouthwest shouldn't be the only one to move away from historical norms.

Persons: David Neeleman, —, David Neeleman —, Thomas Pallini, haven't, Neeleman, that's, Barry Biffle, They're, we've, WestJet, Scott Kirby, doesn't, Kevin Carter, Breeze Organizations: Service, JetBlue —, Breeze Airways, Alaska Airlines, Hawaiian Airlines, Street, Frontier, Neeleman, JetBlue Airways, Azul Brazilian Airlines, JetBlue, Southwest Airlines, Morris Air, Spirit, Airbus Locations: Southwest, Frontier, Breeze

☆ Here are Friday's biggest analyst calls: Nvidia, Apple, Amazon, Berkshire Hathaway, Intel, Datadog, Uber & more
▼ + stars: | 2024-11-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Citi reiterates Amazon as buy Citi said the e-commerce giant has "multiple catalysts for growth" following earnings on Thursday. Gordon Haskett upgrades Uber to buy from hold The firm said investors should buy the dip in Uber following earnings on Thursday. Goldman Sachs initiates Penguin Solutions as buy Goldman called Penguin a "high performance hardware solutions for enterprise AI at an attractive valuation." Wells Fargo downgrades Estee Lauder to equal weight from overweight Wells downgraded the stock following a disappointing earnings report on Thursday. KeyBanc upgrades Atlassian to overweight from sector weight KeyBanc upgraded the software company following earnings.

Persons: Goldman Sachs, Gordon Haskett, Goldman, Wells, Estee Lauder, it'll, Atlassian, Kinder Morgan, Morgan Stanley, Arista, Datadog, it's, CFRA, Berkshire Hathaway, Jefferies Organizations: Apple, Apple Intelligence, Citi, Amazon, Penguin Solutions, Penguin, Suncor Energy, " Bank of America, Nvidia, Artificial, TAM, Bank of America, UBS, Intel, Mizuho, IDA, Energy Locations: Asia

☆ 5 reasons BYD is surging ahead after eclipsing Tesla's quarterly sales for the first time
▼ + stars: | 2024-11-01 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

The Chinese EV giant said in its third-quarter earnings on Wednesday it had surpassed Tesla's revenues from EV sales for the first time. Executives have said they want half of BYD's sales to come from abroad in the future. Unlike its rival, Tesla, BYD also offers a selection of hybrid vehicles, which are popular in China. Some 311,000 of the 500,000 passenger vehicles BYD sold in October were hybrids, with hybrid sales rising by 62% year-on-year. JADE GAO/AFP via Getty ImagesBYD has sold nearly two million hybrid vehicles this year.

Persons: BYD, Elon Musk, —, Tesla, Elon, GAO, Dylan Khoo, Stella Li, MotorTrend, Axel Schmidt, David Bailey Organizations: EV, Service, BYD, Getty, Mercedes, BMW, China, ABI Research, University of Birmingham Locations: China, Costfoto, Mexico, Brazil, Americas

☆ Some Democratic political advertisers are still betting on X, despite Elon Musk's allegiance with Donald Trump
▼ + stars: | 2024-11-01 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +7 min

Elon Musk's ownership has shifted X's political stance, affecting Democratic ad spending. X switched political ads back on last year as it looked to recoup lost revenue after a brand exodus. AdvertisementWhile some Democratic political advertisers — including Kamala Harris' presidential campaign — have stopped spending on X altogether, a small number are holding firm. It ceased taking political advertising in 2019 under former CEO Jack Dorsey; Musk reversed that decision last year. The research firm EMARKETER predicted that political ad spending in the US will top $12 billion this year.

Persons: X, —, Kamala Harris, Elon Musk, revved, hasn't, Colin Allred, Sen, Ted Cruz, Jon Tester, Tim Sheehy, — Jon Tester, it's, Harris, Linda Yaccarino, Tyler Goldberg, Mike Nellis, Nellis, I've, Matthew Madrazo, Jonathan Phelps, X's, Ned Segal, Jack Dorsey, Musk, Elon, Mark Jablonowski, Andy Kiersz Organizations: Elon, Democratic, Service, Twitter, Trump, Texas Senate, Montana, Solutions, Republican, Fox News, Democrats, Nellis, Media, X, Financial Times, Meta, Google Locations: Texas, Montana, Washington ,

☆ Wealth manager for the super-rich names 3 stocks to buy before the year-end
▼ + stars: | 2024-11-01 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +5 min

Equity markets rallied this year, as investors remained bullish on Big Tech but also scooped up shares in under-the-radar companies. Year-to-date, shares in Exxon have gained 16.7%, while the stock of Barrick and Microsoft have gained around 10.8% and 15% respectively. Microsoft Teng remains bullish on Microsoft, despite Wrise making a "partial switch" and reducing its weight in the tech giant while increasing allocations to Nvidia in early August. Microsoft and and Nvidia are among the so-called Magnificent Seven stocks, which also include Alphabet , Amazon , Apple , Meta Platforms and Tesla . Nike Athletic footwear and apparel label Nike is another stock that Teng likes, despite bearish sentiments in Wall Street.

Persons: Kevin Teng, —, Barrick, Barrick Gold Teng, Microsoft Teng, Teng, OpenAI, AlixPartners, Walt Disney, Mickey Mouse Organizations: Big Tech, CNBC Pro, Wrise Private Singapore, Microsoft, behemoth Exxon Mobil, Barrick Gold, Exxon, Barrick, Exxon Mobil, Nvidia, Apple, Tesla, Nike Athletic, Nike, Disney, Marvel Studios, Disney Plus, 4Q, Pixar Animation Studios Locations: Asia, East, Europe, Wall Street

☆ These are the most overbought stocks as November kicks off
▼ + stars: | 2024-11-01 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Investors have been accumulating shares of several big-name companies, from GE Vernova to United Airlines , during the market's recent dip. But those and other overbought stocks could be due for a pullback, according to one popular yardstick. Strong earnings from tech giants Amazon and Intel late Thursday were partly responsible for equity gains on Friday, as investors still look to megacap tech stocks for leadership. CNBC Pro screened for stocks that are considered technically overbought on the basis of their 14-day relative strength index, or RSI. Companies with a 14-day RSI above 70 are often regarded as overbought, signaling a pullback may be ahead, while a 14-day RSI below 30 often suggests a stock is oversold and could see future upside.

Persons: Nicole DeBlase, DeBlase, FactSet, Estée Lauder, Dr Pepper Organizations: GE Vernova, United Airlines, Dow, Nasdaq, Amazon, Intel, CNBC Pro, Companies, GE, FactSet, Electric, Deutsche Bank, Pharmaceuticals, eBay Locations: United, U.S, Chicago, China

☆ Russia faces a crisis regardless if Putin ends or continues the war in Ukraine, economist says
▼ + stars: | 2024-11-01 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Russia faces a crisis whether it continues the war or not, economist Alexander Mertens says. War spending has been a major boost to Moscow's GDP growth and wealth, and ending the war will be tricky. If Russia continues the war, the economy looks on track for a "severe recession" and long-running stagnation, Mertens said. "The current state of the Russian economy is far from critical but it does present Putin with a dilemma. The Russian economy is not yet close to collapse, but it is increasingly dependent on wartime conditions and faces growing risks of overheating."

Persons: Alexander Mertens, —, Vladimir Putin, Mertens, Merten, Putin, That's Organizations: Service, Kyiv's International Institute of Business, Ukraine, Atlantic Council, Russian National Welfare Fund, Kremlin, International Monetary Fund Locations: Russia, Ukrainian, Ukraine

☆ Here's what Wall Street analysts are saying after Amazon's third-quarter earnings
▼ + stars: | 2024-11-01 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Wall Street analysts think Amazon is only at the beginning of a new era of growth. Here's what analysts at some of the biggest shops on Wall Street are saying about Amazon's latest earnings report. His $250 per share price target implies more than 34% upside from Thursday's close. "Another margin upside surprise supports our retail margin efficiency upside thesis, while AWS is still in the early innings of a big AI cycle and is investing accordingly," Post said. The analyst also increased his 2025 full-year earnings per share forecast by roughly 4%.

Persons: Doug Anmuth, Anmuth, Justin Post, Lee Horowitz, " Horowitz, Ronald Josey's, Josey Organizations: Web Services, JPMorgan, Bank of America, Deutsche Bank, Citi

☆ Black business leaders make a final push for Harris' economic plans to Black men
▼ + stars: | 2024-11-01 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +2 min

Democratic presidential nominee Vice President Kamala Harris greets a supporter as she stops at LegendErie Records and Coffee House, a Black-owned small business, in Erie, Pennsylvania, Oct. 14, 2024. Signs supporting Harris, the Democratic presidential nominee, hang inside the restaurant in a predominantly Black neighborhood in the battleground state of Pennsylvania. This cycle, Trump, the Republican presidential nominee, has made inroads, although polls vary widely on precisely how much. "I think it's very important to not operate from the assumption that Black men are in anybody's pocket," Harris said. "Black men are like any other voting group.

Persons: Kamala Harris, Cortez Johnson, She's, Johnson, Harris, Joe Biden, It's, Donald Trump, Trump, You've Organizations: Democratic, LegendErie Records, Coffee, CNBC, Jim's West, Republican, National Association of Black Journalists Locations: Erie , Pennsylvania, Jim's, Philadelphia, Pennsylvania

☆ Israel plans to use lasers to shoot down incoming missiles
▼ + stars: | 2024-11-01 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +7 min

Dubbed the Iron Beam, the shield aims to use high-power lasers to counter an array of projectiles, including missiles, drones, rockets and mortars, Israel’s defense ministry said this week. “The initial capability of the ground-based laser system… is expected to enter operational service within one year,” he said. Israel first unveiled a prototype of the Iron Beam in 2021 and has since been working to get it up and running. From Social MediaIt is unclear if Iran has developed a laser defense system of its own. Experts say the Iron Beam could also act as a deterrent to further attacks by Iran or its proxies.

Persons: ” Eyal Zamir, ”, Israel, Benjamin Netanyahu’s beachside, Yehoshua Kalisky, Rafael, Naftali Bennett, ” Sascha Bruchmann, Kalisky, Benjamin Netanyahu's, Hunter, Bruchmann, Israel “, ” Bruchmann Organizations: CNN, Rafael, Defense Systems, Elbit Systems, Israel’s, Institute for National Security Studies, Israel Defense Forces, Rafael Advanced Defense Systems, ”, Institute for Strategic Studies, US Navy, Pentagon, New York Times, Hamas, Times . CNN Locations: Iran, Israel, Gaza, Lebanon, Yemen, Syria, Iraq, Caesarea, Lebanese, Tel Aviv, London, United Kingdom, China, Russia

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