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An American professor at Princeton University and a British-Canadian professor at the University of Toronto won the Nobel Prize in Physics on Tuesday for research that “formed the building blocks” of a key part of artificial intelligence. Since the 1980s, the pair have been using tools from physics to develop the foundations of what is known as “machine learning,” one of the core concepts of AI widely used today. Their research “formed the building blocks of machine learning, that can aid humans in making faster and more reliable decisions,” Ellen Moons, chair of the Nobel Committee for Physics, told a news conference. Hopfield has been a key influential figure in this field since 1982, when he invented the “Hopfield network” — a method widely used since. Hinton used this basis to come up with “the Boltzmann machine,” which can used for tasks such as classifying images.

Persons: “, John J, Hopfield, Geoffrey E, Ellen Moons, ”, Hinton Organizations: Princeton University, University of Toronto, Google, Physics Locations: American, British, Canadian, Hinton

Prime Big Deal Days is here, giving Prime members exclusive access to deals across categories like AirPods, vacuums, and sneakers. In fact, it’s currently on sale for its lowest price ever right now. Why trust NBC Select? I’m a freelance writer for NBC Select, who has covered deals and sales for three years. To evaluate the quality of this Magna-Tiles deal, I ran it through price trackers like CamelCamelCamel to ensure it’s at its lowest price in at least three months.

Persons: it’s, TikTok Organizations: NBC, Facebook, Twitter

☆ Spirit Halloween to open 10 new 'Spirit Christmas' stores catering to holiday shoppers
▼ + stars: | 2024-10-08 | by ( Kristian Burt | In | ) www.cnbc.com time to read: +2 min

Some Spirit Halloween locations will be busy for longer than usual this year. Spirit Halloween will operate 10 stores through the entire holiday season as "Spirit Christmas," a spokesperson confirmed with CNBC. Not all stores will be converted from existing Spirit Halloween locations. "Spirit Christmas is a new concept for us, and we're hopeful it will resonate with our customers," a spokesperson for Spirit Halloween told CNBC. The first 10 locations will act as a test to see whether customers will stay invested through the holiday season.

Organizations: CNBC, Halloween, National Retail Federation, Deloitte Locations: Mays, N.J

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Persons: AirPods, They're, Apple AirPods Max, Bose, Max, Apple Organizations: Business, Deal, Sony WH, 1000XM5, Sony, Apple, ANC, Wireless, Amazon, Bose, Anker

☆ India warns Ola Electric on customer service after 10,000 complaints
▼ + stars: | 2024-10-08 | by ( ) www.cnbc.com time to read: +2 min

Ola electric scooters are on display ahead of the Initial Public Offer press conference. India's consumer rights agency received unusually high 10,000 complaints against Ola Electric, over a year and has sent a notice seeking explanation from the SoftBank-backed e-scooter maker, a top official at the watchdog said on Tuesday. Ola, which has a 27% market share in India's e-scooter market, did not respond to a request for comment. HSBC analysts said in a September note they visited multiple Ola service hubs and most "appeared overwhelmed by the service requests". Reuters last year visited 35 Ola centers in 10 Indian states and found many faced significant backlogs, with demand outstripping their workforce.

Persons: Ola, Nidhi Khare, Khare Organizations: Ola Electric, Consumer Protection Authority, Reuters, HSBC

☆ Nvidia shares to remain stuck for the rest of the year, says Citi
▼ + stars: | 2024-10-08 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Citi is expecting Nvidia 's margins to bottom out early next year as its Blackwell platform will take time to fully ramp up. "Fundamentally, we believe AI adoption remains in 3rd/4th innings as enterprise AI demand takes off next with AI agents." Nvidia is expected to ramp up Blackwell production in the fourth quarter of this year, with production continuing into fiscal 2026. But long-term, Nvidia has a strong investment case, according to the analyst. "We expect to see positive ROI data points next year led by GPU as a service providers," he said.

Persons: Blackwell, Atif Malik, Malik Organizations: Citi, Nvidia, CES, Blackwell, GPU

☆ Stocks making the biggest moves premarket: DocuSign, Wynn Resorts, Nvidia and more
▼ + stars: | 2024-10-08 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

China stocks – U.S.-listed shares of Chinese companies fell after China's state planner Zheng Shanjie failed to announce any new economic stimulus plans . Online video company Bilibili tumbled more than 13%, while automaker Nio and Temu parent PDD each fell more than 9%. E-commerce companies JD.com and Alibaba also fell nearly 9% and 7%, respectively. Wells Fargo – The bank rose more than 1% after Wolfe Research upgraded the lender to outperform from peer perform. Humana – Shares rose nearly 1% after Bernstein upgraded the health insurer to outperform from market perform.

Persons: Zheng Shanjie, Bilibili, Nio, Alibaba, Young Liu's, Liu, Wells, Bernstein, Oppenheimer, LSEG, —, Jesse Pound, Brian Evans, Michelle Fox Theobald Organizations: U.S, Wynn Resorts, China, MDU Resources, Nvidia, Blackwell, Wolfe Research, Microsoft –, PepsiCo –, Gatorade, Frito, PepsiCo Locations: China, Las, Macau, Wells

☆ Opinion | We Can Do Better Than ‘Positive Masculinity’
▼ + stars: | 2024-10-08 | by ( Ruth Whippman | ) www.nytimes.com time to read: +3 min

After the cartoon supervillainy of Donald Trump and the smarmy misogyny of JD Vance, the “positive masculinity” of Walz and his ilk is a joyful relief, and these programs are often doing good work. Because rather than challenging the old stereotypes and patterns, the whole positive masculinity framework actually seems to be reinforcing them. “Healthy or positive masculinity is the idea that men can be emotionally expressive, have female friends or mentors, and express their emotions without feeling emasculated,” the website of one such program in North Carolina says. There is a lurking sexism in the whole positive masculinity conceit. “Positive masculinity” is not about de-gendering universal human qualities, and certainly not about encouraging boys to believe that they could have something to learn from women or female cultural norms.

Persons: Donald Trump, JD Vance, Walz, Don McPherson, Masculinities, ” Organizations: Psychological Association’s Society Locations: North Carolina, United States

The best Amazon Prime Day dealsKeep checking in on our curated deals list below, as we'll be updating it throughout the event with our latest Prime Day picks. Tech and gaming Prime Day dealsThis will be one of the busiest sections of the October Prime Day sale, and some absolute bangers are live already. View at AmazonKitchen Prime Day dealsLooking for a Prime Day pick-me-up? View at AmazonStyle and beauty Prime Day dealsIt's not all high-end electronics on Prime Day. View at AmazonAmazon Prime Day FAQsWhen is Amazon Prime Day?

Persons: We'll, we've, we'd, You'll, Bose, Apple, LG's, 120Hz, HLG, OmniForce, Bissell, Loren, LQ, seltzer, It's, I've, Skip, shams Organizations: Business, Amazon Prime, Deal, Tech, Apple, Deal Sony, Slim, Alexa, Kindle, Google, Amazon Samsung Galaxy Watch, Galaxy Watch, Amazon, Sony, Apple AirPods, LG, Samsung, Dolby, HLG Smart, Amazon LG, Chatelet Air, Bissell, DELTA, Delta, Barista, REVLON, Revlon, Amazon Braun, Braun

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Persons: Dyson, we've, Rose, Skip, Braun, Gillette, shea, Heusen, Anne Klein, It's, you've Organizations: Business, Amazon, REVLON, Revlon, Gillette Venus Womens, Panasonic, PURA, Pura, palmetto, Amazon St, St, Sports Locations: Tropez

☆ The bar for earnings is low, and stocks should rise as long companies are feeling upbeat about lower rates, BofA says
▼ + stars: | 2024-10-08 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

As long as companies report that they're feeling good about lower interest rates, stocks should rise. That's according to Bank of America, which notes that apart from that dynamic, the bar for third-quarter earnings set by Wall Street is pretty low. The analysts expect 2% earnings growth, below consensus estimates of 4% and second-quarter earnings growth of 11%. As long as companies have managed through macro headwinds and see early signs of improvement from lower rates, stocks should get rewarded," the analysts said in a Tuesday note. The analysts recommend watching those sectors for early signs of improvement from lower rates ahead of earnings.

Persons: — Organizations: Bank of America, Service, Wall, Federal Reserve, Manufacturing

☆ Your tax bracket may increase after 2025. Here's how it could affect your brokerage account
▼ + stars: | 2024-10-08 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Without action from Congress, trillions of tax breaks enacted by former President Donald Trump will expire after 2025, including lower federal income tax brackets, among other provisions. Higher rates after 2025 could impact some brokerage accounts since investors pay annual taxes on earnings, experts say. If you sell investments that you have owned for one year or less, the profits incur "short-term capital gains," or regular income taxes. Generally speaking, it's good to avoid short-term gains as much as you can. Actively managed mutual funds often trigger capital gains payouts, even when investors haven't sold shares, which can be a costly year-end surprise.

Persons: Donald Trump, Samantha Pahlow, Ferguson Wellman, Shea Abernethy, haven't, Abernethy, Tommy Lucas, Moisand Fitzgerald Tamayo Organizations: Ferguson, Ferguson Wellman Capital Management, Exchange, Investment Counselors Locations: Portland , Oregon, Winston, Salem , North Carolina, Orlando , Florida

☆ Tuesday analysts calls: Microsoft cut on worries over Open AI; Wells Fargo, Humana upgraded
▼ + stars: | 2024-10-08 | by ( Pia Singh | In | ) www.cnbc.com time to read: +6 min

A Wolfe Research analyst raised his view on troubled bank stock Wells Fargo, reasoning that regulatory and interest rate risks both are priced into the stock. However, analysts at Oppenheimer lowered their views on high-flying tech stock Microsoft on fears that OpenAI losses could hamper performance. Delta's stock price has gained nearly 23% this year, but is in the red for the quarter. Chubak sees downside to consensus 2026 earnings across the board for the group — but that the risk is better captured in the current valuation of major banks including Wells Fargo. WFC YTD line Wells Fargo stock performance Chubak upgraded Wells Fargo to outperform from peer perform and kept his $65 price target on the stock, which implies 13.7% potential upside.

Persons: Wolfe, Bernstein, Oppenheimer, Bernstein Bernstein, David Vernon, Vernon, — Pia Singh, Timothy Horan, Horan, Lance Wilkes, Wilkes, Steven Chubak, Wells Fargo, Chubak Organizations: CNBC, Humana, Microsoft, Southwest Airlines, STARS, Wolfe Research, WFC Locations: Wells, Delta, Vernon, Atlanta, Wells Fargo

Nintendo has kept players interested in its ageing Switch console series through key games with characters such as Super Mario and Zelda. Saudi Arabia's Public Investment Fund (PIF) trimmed its holding in Nintendo Co., a day after reports that a senior executive at the kingdom's mammoth sovereign wealth fund said it was considering upping its stake. The PIF reduced its stakehold in the Japanese video game giant to 7.54% from 8.58% previously, according to a Japanese regulatory filing. Saudi Crown Prince Mohammed bin Salman is also the chairman of Savvy Games Group. Nintendo has been grappling with a slowing console gaming market and an aging product by way of its flagship Switch hybrid console — its best-selling gear ever, which sold 143.4 million units worldwide.

Persons: Mario, Zelda, Prince Faisal bin Bandar, Saud —, —, Prince Faisal, Prince Mohammed bin Salman, it's Organizations: Nintendo, Saudi Arabia's Public Investment Fund, Nintendo Co, Games, Tokyo, Kyodo, Games Group, Microsoft, Sony Locations: Sultan, Saudi Arabia, Saudi

☆ Amazon's jump-start to the holiday shopping season has even roped in Costco this year
▼ + stars: | 2024-10-08 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

The holiday shopping season continues to start earlier in the year, thanks largely to Amazon. Amazon's 48-hour deals event is underway, along with competing sales by the major retailers. The holiday shopping season is underway earlier than ever, thanks largely to Amazon moving up its Prime Day deals event. Target kicked off the sequence early on Sunday with its Circle Week, while Walmart's Deals event gets underway online on Tuesday and in stores on Wednesday. What better way for retailers to tap into those trends than to invent a holiday that celebrates deals and kicks off a whole season of festivities?

Persons: — Organizations: Target, Costco, Service

☆ Goldman says this market-beating bank stock has a lot further to run
▼ + stars: | 2024-10-08 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Goldman Sachs thinks that U.S.-traded shares of Barclays still have a long growth runway ahead, even after already beating the market so far in 2024. The firm initiated coverage of the banking stock with a buy rating and a 290 pence per share price target on Tuesday. Goldman analyst Chris Hallam forecasts that Barclays could grow its earnings per share twice as fast as peer firms through 2027, while a steep discount on the stock gives investors an attractive entry point. ""The Investment Bank [portion of Barclays' business] is at-scale but currently under-earning," Hallam said. Hallam noted Barclays stock currently trades at roughly six times its 12-month forward price-to-earnings ratio, compared to the wider group of banks covered by Goldman that trade at seven times forward P/E.

Persons: Goldman Sachs, Goldman, Chris Hallam, Hallam Organizations: Barclays, U.S, BCS, ADRs, Investment Locations: American, stoke, reallocation

☆ Stocks making the biggest moves midday: Nvidia, DocuSign, Alibaba, Las Vegas Sands and more
▼ + stars: | 2024-10-08 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

China stocks – U.S.-listed shares of Chinese companies fell after Beijing's economic planning agency failed to announce any new major stimulus plans . Online video company Bilibili fell 13%, while automaker Nio and Temu parent PDD tumbled about 6% each. Humana — Shares jumped 2.8% after Bernstein upgraded the beaten-down health insurance company to outperform, even though it substantially decreased its price target. Roblox — Shares fell 4% after Hindenburg Research disclosed a short position on the gaming platform, alleging the company inflated metrics. BTIG upgraded Affirm to buy , with analyst Vincent Caintic lauding the company's growth compared to traditional payment companies like American Express.

Persons: Bilibili, Nio, Young Liu, Blackwell, Bernstein, Roblox, David Byrnes, Byrnes, Jefferies, there's, BTIG, Vincent Caintic, CNBC's Michelle Fox, Hakyung Kim, Pia Singh, Sean Conlon, Alex Harring Organizations: U.S, Vegas Sands, Wynn Resorts, MDU Resources, Super, Nvidia, CNBC, Hindenburg Research, Waters, Jefferies, American Locations: China, Vegas, Macau

☆ Investors slam the brakes on the hottest trade going in the market
▼ + stars: | 2024-10-08 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

But he did not announce any major new plans for ensuring economic health, leaving investors feeling underwhelmed. The iShares MSCI China ETF (MCHI) sank nearly 11%, on track for its worst day ever. The iShares China Large-Cap ETF, for example, soared 33% between Sept. 23 and Oct. 7. Morgan Stanley strategist Laura Wang on Tuesday revised price targets for the major Chinese stock market indexes, suggesting no room for further gains compared with current levels. "Today's press conference at least in the near term reinforces such belief, in our view, and the stock market could see more divergence at individual stock level."

Persons: Zheng Shanjie, Bilibili, Nio, Ray Dalio, FXI, Jeff deGraaf, David Tepper, Morgan Stanley, Laura Wang, Wang, Merrill Lynch, Helen Qiao, Xiangrong Yu, Yu Organizations: National, Reform Commission, CSI China Internet, Billionaire, Bridgewater Associates, Greenwich Economic, Appaloosa Management, U.S . Federal Reserve, Wynn Resorts, Sands, Macau — Locations: China, Greenwich, Greenwich , Connecticut, Beijing, Macau, Tuesday's, U.S

☆ What one high school senior wants you to know about classroom phone bans
▼ + stars: | 2024-10-08 | by ( Faye Chiu | Personal Essay Mary Frances Ruskell | ) edition.cnn.com time to read: +9 min

At least seven of the 20 largest school districts in the nation have either banned phones during the school day or plan to do so. Smartphone use is inextricably linked with high school studies and student life, Mary Frances Ruskell (not shown) writes. After three years of having the app, I did finally delete TikTok during my sophomore year of high school. As a teenage girl, I find that Instagram is in many ways necessary to high school life. I can’t even imagine what a phone-free high school life would look like.

Persons: Mary Frances Ruskell, Jonathan Haidt’s, ” Haidt, Thomas Cooley, It’s, Gavin Newsom, doomscrolling, I’m, wouldn’t, it’s, ”, Haidt Organizations: Heathwood Hall Episcopal School, CNN, New York University Stern School of Business, ”, Pew Research Center, California Gov, UK’s Department for Education Locations: Columbia , South Carolina, United States, England, Greece

Nonfarm payrolls added 254,000 jobs in September, while the unemployment rate fell to 4.1%, down 0.1 percentage points. "It was a very good report across every indicator in there," said Aaron Sojourner, a senior researcher at the W.E. As they barnstorm across battleground states, Harris and Trump paint dueling pictures of the U.S. labor market. Jim Watson | AFP | Getty ImagesThe jobs report adds to a flurry of good economic news in recent weeks, with metrics that could potentially amount to the best economic upswing in decades. Following the jobs report blowout, the Dow Jones Industrial Average closed out last week at a fresh all-time high of 42,352.75.

Persons: Kamala Harris, Donald Trump, payrolls, Dow, Aaron Sojourner, Harris, Trump, Jim Watson, I've, Mark Zandi, Biden, Clinton, Justin Wolfers, stoking Organizations: . Upjohn Institute, Employment Research, Trump, CBS, Republican, Ryder Center for Health, Physical Education, Saginaw Valley State University, AFP, Getty, Federal Reserve, University of Michigan, Dow Jones, Nasdaq, chipmaker Micron Technology, Oracle Locations: U.S, Michigan, America, Saginaw, Saginaw , Michigan

☆ What women should know about their breasts, according to a doctor
▼ + stars: | 2024-10-08 | by ( Katia Hetter | ) edition.cnn.com time to read: +7 min

One in 8 women will be diagnosed with invasive breast cancer in their lifetimes, according to the American Cancer Society. Breast cancer is the second leading cause of cancer death for women in the United States, with 42,000 women dying every year from this cancer. Women need to know when to start screening for breast cancer. We have been referring primarily to women because breast cancer is far more common among women. In addition, all people assigned female at birth should follow recommendations for breast cancer screening as noted above.

Persons: CNN —, Leana Wen, Wen Organizations: CNN, Cancer, American Cancer Society, George Washington University, Preventive Services, Force, American, of Radiology, US Preventive Services Task Force Locations: United States

☆ Buy these stocks with a history of rising after posting earnings and revenue beats, per Wolfe Research
▼ + stars: | 2024-10-08 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Companies like Walmart and Apple could be among the most reliable plays during earnings season, according to Wolfe Research. The third-quarter earnings season is kicking off this week, with major consumer and financial names set to post their latest financial reports. The firm screened the S & P 500 for companies that have beat on the top- and bottom-lines with positive relative price action around their earnings reports over the past two quarters. His $89 price target on Walmart shares implies about 12.3% potential upside. Other stocks with strong performance around their earnings reports include cereal maker Kellanova , ON Semiconductor and Morgan Stanley .

Persons: Chris Senyek, Wolfe, Greg Badishkanian, Senyek, Apple, Morgan Stanley Organizations: Walmart, Apple, Wolfe Research, TJX Companies, Big Tech, Jefferies, ON Semiconductor

To help answer those questions, NBC News is tracking the online prices of five popular holiday gifts in major categories through the end of the year. If these specific items aren’t on your list, it may be worth keeping an eye on them anyway. Adobe, which tracks e-commerce spending, told NBC News it expects total holiday spending to top $240 billion this year, up 8.4% from last year. Retailers including Target, Walmart and Best Buy are kicking off early holiday sales in the first week of October. Similar deals are expected for the upcoming one this month, making it an opportune time to check on deals.

Persons: Ninja, PwC, “, ”, Vivek Pandya, ” Pandya, Pandya Organizations: NBC, Consumer, Wired, Apple, Apple AirPods, Apparel, Reebok, Amazon, Target, Walmart, Amazon’s, NBC News, Keepa Reebok, Keepa, Adobe, Retailers Locations: Zappos

☆ Stocks making the biggest moves midday: Generac, Amazon, Pfizer and more
▼ + stars: | 2024-10-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Generac Holdings — Shares of the maker of power generators surged 8% as Hurricane Milton intensified into a Category 5 storm . Amazon — The e-commerce stock lost 2.9% after Wells Fargo downgraded shares to equal weight from overweight and cut its price target, citing slowing growth and competition from Walmart. Hershey – Shares fell 2% after the chocolate maker was downgraded to neutral at UBS and to market perform at Bernstein. JPMorgan downgraded shares to underweight from neutral, citing dwindling confidence in the Israel-based company grapples with share loss concerns and volume challenge. JPMorgan downgraded shares to neutral, citing limited EPS upside from here.

Persons: Milton, Wells, Chubb, Morgan Stanley, Coty, Ashley Helgans, Arcadium, Bernstein, GLP, Ciena, —, Yun Li, Hakyung Kim, Alex Harring, Jesse Pound, Michelle Fox, Sean Conlon, Pia Singh Organizations: Generac Holdings, Walmart, Pfizer —, CNBC, Insurance, —, Allstate, Travelers, Progressive, Hurricane, Universal Insurance, Air Products, Chemicals, Garmin —, Garmin, Jefferies, Rio Tinto, Hershey –, UBS, Butterfly Equity, JPMorgan, Apple Locations: Florida, Hurricane Milton, Fort Lauderdale , Florida, Wells Fargo, California, Israel

☆ Stocks making the biggest moves premarket: Apple, Amazon, Pfizer, Hershey and more
▼ + stars: | 2024-10-07 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

NXP Semiconductor — Shares added 0.8% after UBS upgraded the chipmaker to buy from neutral. Amazon — Shares slumped nearly 2% after Wells Fargo downgraded the e-commerce company to equal weight from overweight, citing slowing growth and competition from Walmart. Pfizer — Activist investor Starboard Value took a roughly $1 billion stake , seeking a turnaround at the struggling company, sources told CNBC. American Express — The financial services stock fell more than 1% after JPMorgan downgraded shares to neutral from overweight. Ally Financial — The financial services stock added 1.4% on the back of a JPMorgan upgrade to overweight from neutral.

Persons: Jefferies, Wells, Coty, Ashley Helgans, Bernstein, headwinds, Ally, Yun Li, Samantha Subin, Alex Harring, Pia Singh, Michelle Fox Organizations: —, Semiconductor, UBS, Walmart, Pfizer —, CNBC, Jefferies, Hershey, American Express, JPMorgan, Wynn Resorts, United Locations: Wells Fargo, underperform, GLP, United Arab Emirates

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