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☆ Comcast tops earnings estimates as Olympics propels the company
▼ + stars: | 2024-10-31 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Comcast beat third-quarter earning expectations on Thursday, as the Summer Olympics in Paris boosted NBCUniversal's revenue and Peacock's subscriber count. The company's revenue rose 6.5% to $32.07 billion compared to the same period last year. Overall revenue was boosted by the Summer Olympics in Paris, which NBCUniversal exclusively broadcast in the U.S., and domestic broadband revenue — despite continued slowing customer growth. Revenue for the media segment – mainly comprised of NBCUniversal – was up nearly 37% to $8.23 billion, largely due to the Olympics. The company's film studios, also part of the content and experiences segment, saw revenue increase 12.3% to $2.83 billion compared to the prior year.

Persons: –, Peacock, lockdowns, NBCUniversal Organizations: Comcast, LSEG, Summer, Revenue, CNBC, Paris, Olympics, Cable, Verizon, Program, ACP, Domestic, NBC Sports, NBC Olympics, NBC, Games Locations: Paris, U.S, Peacock

☆ The E.U. is imposing duties on electric vehicles from China after trade talks fail
▼ + stars: | 2024-10-30 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +3 min

BRUSSELS, Belgium — The European Union is imposing duties on imports of electric vehicles from China starting Wednesday after talks between Brussels and Beijing failed to find an amicable solution to their trade dispute. According to the commission, which manages trade disputes on behalf of the 27 E.U. member countries, sales of Chinese-built electric cars jumped from 3.9% of the EV market in 2020 to 25% by September 2023, in part by unfairly undercutting E.U. Other EV manufacturers in China, including Western companies such as Volkswagen and BMW, would be subject to duties of 20.7%. The measures were published in the bloc’s legal Official Journal late Tuesday, meaning duties entered into force as of midnight, said E.U.

Persons: we’re, Valdis Dombrovskis, undercutting, ’, Hildegard Müller, VDA, ” Müller, E.U, Arianna Podesta Organizations: Trade Organization, SAIC, Geely, Volvo, Britain’s MG, EV, Volkswagen, BMW, China’s Commerce Locations: BRUSSELS, Belgium, China, Brussels, Beijing, Germany

☆ S&P 500 to move 2% on election, with some markets set to be even more volatile, options indicate
▼ + stars: | 2024-10-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Options traders are buckling down for outsized volatility around next week's election, according to Goldman Sachs. Two of the funds with the highest implied volatility are linked to China: the KraneShares CSI China Internet ETF (KWEB) and the iShares China Large-Cap ETF (FXI) . Crypto is already a volatile area, but Trump's embrace of the industry during his campaign could spark a significant reaction. The options market implies a move of more than 7% for ProShares Bitcoin ETF (BITO) , according to Goldman. BITO, which holds bitcoin futures, did not exist in 2020, so there are no prior election comparisons for the fund.

Persons: Goldman Sachs, John Marshall, Donald Trump's, Crypto, Goldman, BITO Organizations: CSI China Internet, Regional Banking, Republicans, ProShares, U.S . Securities, Exchange Commission Locations: China, U.S

☆ Coinbase shares tumble as muted crypto trading leads to a third-quarter miss
▼ + stars: | 2024-10-30 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Monitors display Coinbase signage during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021. Coinbase Wednesday reported weaker-than-expected third-quarter results, weighed down by muted trading in the cryptocurrency market. Coinbase has been an active lobbyist for the crypto industry this year, spending millions backing pro-crypto political action committees. While crypto price action has been tepid, the market cap for stablecoins reached new highs, helping push Coinbase's third-quarter stablecoin revenue to $246.9 million. That revenue could be challenged in the current quarter with interest rates expected to continue coming down.

Persons: Bitcoin, Coinbase, Stablecoins, stablecoins Organizations: Nasdaq, Coinbase, LSEG, Revenue Locations: New York, U.S

☆ AstraZeneca says its China operations president under investigation
▼ + stars: | 2024-10-30 | by ( ) www.cnbc.com time to read: +1 min

The office building of biopharmaceutical company AstraZeneca is being seen in Shanghai, China, on May 23, 2024. AstraZeneca 's China president is under investigation and is cooperating with Chinese authorities, the company said on Wednesday, sending shares down as much as 5.3%. When asked about Wang's whereabouts, a company spokesperson only reiterated that the executive was under investigation. In a statement, the drugmaker said its Chinese operations were "under the leadership of the current general manager of AstraZeneca China," without providing further details. AstraZeneca shares were down 5.2% at 1352 GMT.

Persons: Leon Wang Organizations: AstraZeneca Locations: Shanghai, China, drugmakers, United States, AstraZeneca China

☆ Stocks making the biggest moves premarket: Eli Lilly, Caterpillar, VinFast, Alphabet and more
▼ + stars: | 2024-10-30 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Eli Lilly — The drug maker tumbled 7.5% after missing analyst expectations for the third quarter and cutting full-year guidance. Eli Lilly earned $1.18 per share, excluding items, on $11.44 billion in revenue. Analysts polled by LSEG had anticipated earnings of $1.47 a share and $12.11 billion in revenue. Caterpillar — Shares fell more than 5% in the premarket after the industrial giant reported weaker-than-expected earnings for the third quarter. The company posted a profit of $5.17 per share, while analysts polled by LSEG had forecast earnings of $5.34 per share.

Persons: Eli Lilly, LSEG, XPO, FactSet, Qorvo, Raymond James, Reddit, —, Jesse Pound, Sarah Min, Sean Conlon, Michelle Fox, Samantha Subin, Fred Imbert Organizations: Caterpillar, Revenue, Bloomberg, Emirates, Google, Visa, AMD

☆ China 'does not agree or accept' the EU's EV tariffs, says negotiations are still ongoing
▼ + stars: | 2024-10-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

The EU and China have reportedly agreed to start talks on the planned imposition of tariffs on Chinese-made EVs. China's commerce ministry said it "does not accept" tariffs imposed by the European Union on Chinese electric vehicles, after the bloc increased tariffs on Chinese EVs to as high as 45.3% on Wednesday. The commerce ministry said "China will continue to take all necessary measures to resolutely safeguard the legitimate rights and interests of Chinese companies." China's commerce ministry also highlighted the EU has indicated it will continue to negotiate with China, adding that both sides are conducting a new round of consultations. On Oct. 25, Reuters reported the two sides were looking at possible minimum price commitments from Chinese producers or investments in Europe as an alternative to tariffs.

Persons: Xpeng Organizations: European Union, SAIC Motor, EU, World Trade Organization, Reuters Locations: Taicang Port, Suzhou, China's, Jiangsu Province, EU, China, Europe

☆ As World Series dream slips away, a reality check awaits Yankees, Aaron Judge
▼ + stars: | 2024-10-29 | by ( Ken Rosenthal | ) www.nytimes.com time to read: +8 min

But in reality, the Yankees’ embarrassing performance in the World Series is a systemwide breakdown. They’re not getting away with it against the Los Angeles Dodgers in the World Series. It’s been a rough World Series for the Yankees’ Jazz Chisholm and Aaron Judge. And the Yankees actually should be capable of winning one with the Dodgers planning a bullpen game Tuesday night. Defensive miscues by right fielder Juan Soto and second baseman Gleyber Torres haunted the Yankees in Game 1.

Persons: Aaron Judge, They’re, It’s, Juan Soto, Soto, Aaron Boone, Brian Cashman, Jack Flaherty, Tommy Edman, Michael Kopech, Chisholm, Mark Leiter Jr, Flaherty, Jazz Chisholm, Wendell Cruz, Babe Ruth, Yogi Berra, Reggie Jackson, Derek Jeter, Judge, Shohei, “, Chris Kirschner, I’m, Dave Roberts, Clarke Schmidt, Freddie Freeman, Alex Verdugo, Verdugo, it’s, we’re, ”, let’s, Gleyber Torres, Vincent Carchietta, Teoscar Hernández, Freeman, Carlos Rodón, Walker Buehler, Edman, Mookie Betts, Giancarlo Stanton, Gerrit Cole, we’ve, Dustin Satloff Organizations: Yankees, American League, Kansas City Royals, Cleveland Guardians, AL Central, Los Angeles Dodgers, Dodgers, NL, San Diego Padres, New York Mets, Philadelphia Phillies, Milwaukee Brewers, AL, Royals, Guardians, Force Locations: Los Angeles

☆ EU slaps tariffs on Chinese EVs, risking Beijing payback
▼ + stars: | 2024-10-29 | by ( ) www.cnbc.com time to read: +4 min

A senior EU official said the extra tariffs had been formally approved on Tuesday. It says China's spare production capacity of three million EVs per year is twice the size of the EU market. Beijing has called the EU tariffs protectionist and damaging to EU-China relations and automotive supply chains, and has launched its own probes this year into imports of EU brandy, dairy and pork products in apparent retaliation. The Commission estimates Chinese brands' share of the EU market has risen to 8% from below 1% in 2019 and could reach 15% in 2025. German carmakers have heavily criticized the EU measures, aware that possible higher Chinese import duties on large-engine gasoline vehicles would hit them hardest.

Persons: Viktor Orban Organizations: European Union, European Commission, China's SAIC, EU, World Trade Organization, Volkswagen, France's PFA, China's, China Passenger Car Association Locations: Huaian, Jiangsu Province, China, Europe, Beijing, United States, Canada, EU, Germany, Hungarian

☆ Just the Facts – Health and Healthcare: Steve Ballmer Talks Through the Numbers
▼ + stars: | 2024-10-28 | by ( Sponsor Post | ) www.businessinsider.com time to read: +11 min

Find out the impact of the US healthcare system and the health of Americans to our costs and lifespans. In this episode of "Just the Facts," Health and Healthcare. In 2022, 3.28 million Americans died, about 1% of our total population; nearly 3.67 million people were born. As of 2023, 6.7 million Americans over age 65 had been diagnosed with it. Of the $4 1/2 trillion dollars in health spending, 3.7 trillion was spent on personal healthcare, while 760 billion was spent on things like public health, health research, healthcare facilities, medical equipment, and the cost of running health insurance programs.

Persons: Steve Ballmer, USAFacts, COVID Organizations: Insider, LA Clippers, Healthcare, FBI, Medicare, Affordable, Health Locations: America, COVID, Alzheimer's, United States

☆ Olympus shares drop over 5% after CEO resigns over drug allegation
▼ + stars: | 2024-10-28 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

The Olympus Corp. flag flies outside the company's Ishikawa research development facility in Tokyo, Japan, on Monday, March 14, 2022. Shares of Japanese camera giant Olympus Corp fell on Monday after the company announced the resignation of its chief executive officer over a drug allegation. The stock slid 5.3% on the Tokyo Stock Exchange following news of Stefan Kaufmann's resignation, according to LSEG data. So far this year, Olympus shares have jumped 31.9%, outperforming Japan's benchmark Nikkei 225, which has risen 13.3%. Kaufmann, 56, who had worked at Olympus for two decades, complied with a request to offer his resignation, the company added.

Persons: Stefan Kaufmann's, Olympus, Stefan Kaufmann, Kaufmann, Yasuo Takeuchi, Takeuchi, Michael Woodford Organizations: Olympus Corp, Tokyo Stock Exchange, Olympus, Nikkei, CNBC, Toyota Motor, America Locations: Tokyo, Japan

☆ Dodgers dominate Yankees to move within 1 win of World Series victory
▼ + stars: | 2024-10-28 | by ( Andy Mccullough | ) www.nytimes.com time to read: +8 min

“Four more wins!”After a 4-2 victory on Monday over the New York Yankees in Game 3 of the World Series, the Dodgers are on the doorstep of a championship, one far different than the title marred by COVID-19 restrictions in 2020. The first World Series game at Yankee Stadium since 2009 ended as the last two did in Chavez Ravine, with the Dodgers exultant and the Yankees lamenting missed chances. No team in World Series history has overcome a 3-0 deficit. “Hopefully we can go be this amazing story and shock the world,” Yankees manager Aaron Boone said. “If he is able to play, willing to play, he’s going to play,” Roberts said on Sunday afternoon.

Persons: Dave Roberts, hoarse, ” Roberts, Freddie Freeman, “ We’ve, ”, Freeman, Walker Buehler, Clark Schmidt, Freeman’s, Luis Gil, Aaron Judge, Aaron Boone, we’ve, Ohtani, “ Schmidt, Freeman pounced, Judge, “, Tommy Edman, Mookie Betts, Juan Soto, Edman, deke, Buehler, Giancarlo Stanton, Stanton lumbered, Betts, Jazz Chisholm, Anthony Volpe, Teoscar Hernández, Stanton, Hernández, Will Smith, ” Buehler, Boone, benching, Austin Wells, “ Righties, ” Boone, Tommy John, Roberts, “ There’s, Luke Hales Organizations: Dodger, National League, Los Angeles Dodgers, New York Yankees, Dodgers, Yankee, Yankees, ” Dodgers, Los Angeles bullpen, Buehler, ” Yankees, Boston Red Sox Locations: Los Angeles, Chavez, Bronx

☆ China's muted response to the Russia-North Korea alliance could come at a cost
▼ + stars: | 2024-10-28 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +6 min

AdvertisementWith North Korean forces believed to be moving toward Russia's front lines, fears are growing that the Ukraine war is about to enter a new phase. Around 3,000 North Korean soldiers arrived in Russia last week, according to US, South Korean, and Ukrainian intelligence. The reports signaled a deepening military alliance between Russia and North Korea — an alliance that has been met with a muted response from China. AdvertisementThe bland statement may have been aimed at balancing its influence over North Korea and Russia with its relationship with Ukraine's Western allies. For North Korea, China has long been its most important ally, providing trade, diplomatic support, and military aid to Kim Jong Un.

Persons: —, Ukraine's, Bruce Klingner, Kim Jong Un, Ali Wyne, Sari Arho Havrén, Trump, Ann Marie Dailey Organizations: Service, Council, Foreign Relations, European Union, EU, Bank, China, Heritage Foundation, North, Royal United Services Institute, RAND Locations: China, Russia, Ukraine, South, North Korea, EU, Beijing, North, Eurasia, Korea

☆ Yen slips as Japan's election result clouds BOJ rate hike prospects
▼ + stars: | 2024-10-28 | by ( ) www.cnbc.com time to read: +3 min

The yen touched a three-month low on Monday as Japan's ruling coalition lost its parliamentary majority and investors figured that would likely slow future interest rate hikes, while the dollar headed for a monthly gain on rising U.S. yields. On the dollar, the yen hit its weakest since late July at 153.3 in early-morning trade and it touched the same milestone at 165.36 to the euro . That was down from the 279 seats they held previously and marked the coalition's worst result since it briefly lost power in 2009. The U.S. dollar index has climbed 3.6% during October, its sharpest monthly rise since April 2022. The New Zealand dollar traded near a three-month low of $0.5974, down nearly 6% for the month.

Persons: Shigeru Ishiba's, Komeito, Donald Trump, Sterling Organizations: Shigeru Ishiba's Liberal Democratic Party, NHK, Bank of Japan, Nomura, U.S, gilts, Australian, New Zealand Locations: Japan, U.S, Europe, Australia, China

☆ World Series Game 1 draws the highest TV audience in five years
▼ + stars: | 2024-10-26 | by ( The Associated Press | ) www.nbcnews.com time to read: +1 min

It was only the fourth time in 36 World Series games since 2018 that the audience has cracked 15 million. The last one before Friday was the seventh and deciding game in the 2019 series, when Washington’s 6-2 victory over Houston for its first championship averaged 23 million. The Rangers’ 6-5 win over the Diamondbacks in 11 innings averaged 9.35 million, and was the least-viewed Game 1 on record. Friday’s game was the most-watched Game 1 since Los Angeles’ 3-1 victory over the Houston Astros in 2017 averaged 15.33 million. The game had a 19.1 rating and 58 share in Los Angeles and 13.2 rating and 37 share in New York.

Persons: Freddie Freeman’s, Freddie Freeman, Kiyoshi Mio Organizations: ANGELES, Los Angeles Dodgers, New York Yankees, Fox, Fox Deportes, Univision, Houston, Nielsen, Dodgers, Dodger, Texas Rangers, Arizona Diamondbacks, The Rangers, Diamondbacks, Houston Astros Locations: Los Angeles, New York

☆ Luka Dončić and the Dallas Mavericks cruise past Victor Wembanyama’s San Antonio Spurs
▼ + stars: | 2024-10-25 | by ( Matias Grez | ) edition.cnn.com time to read: +4 min

CNN —Luka Dončić and Klay Thompson combined impressively in only their first game together to lead the Dallas Mavericks over the San Antonio Spurs 120-106 in the latest edition of the I-35 Rivalry. French phenom Victor Wembanyama had a tough night for the Spurs, scoring just 17 points while shooting a paltry 27.8% from the floor. On his San Antonio debut, veteran point guard Chris Paul had just three points but provided eight assists and seven rebounds. Thunder record statement win over the NuggetsShai Gilgeous-Alexander Chet Holmgren led the Thunder to an impressive win. Thursday night’s full scoresAway @ home (winners in bold)San Antonio Spurs 109-120 Dallas MavericksBoston Celtics 122-102 Washington WizardsOklahoma City Thunder 102-87 Denver NuggetsMinnesota Timberwolves 117-115 Sacramento Kings

Persons: CNN — Luka Dončić, Klay Thompson, Dončić, Thompson, ” Dončić, Dončić’s, Irving, Victor Wembanyama, Chris Paul, Brown, John McDonnell, Jaylen Brown, Jason Tatum, Tatum, –, Alex Sarr, Bub Carrington –, Jordan Poole, Jonas Valančiūnas, Nuggets Shai Gilgeous, Alexander Chet Holmgren, Ron Chenoy, Reuters Shai Gilgeous, Alexander, Chet Holmgren, Holmgren, Nikola Jokić, Jamal Murray, Russell Westbrook, ”, De’Anthony Melton Organizations: CNN —, Dallas Mavericks, San Antonio Spurs, Slovenian, NBA, Dallas, Golden State Warriors, ESPN, “, Spurs, San Antonio, Celtics, Boston Celtics, New York Knicks, Washington Wizards, Wizards, Washington, Nuggets, Thunder, USA, Sports, Reuters, Oklahoma City Thunder, Denver Nuggets, Portland Trail Blazers, Warriors, Golden State, Dallas Mavericks Boston Celtics, Washington Wizards Oklahoma City Thunder, Denver Nuggets Minnesota Timberwolves, Sacramento Kings Locations: Portland

☆ Apple returns to top 5 smartphone ranking in China with iPhone 16 as Huawei battle ramps up
▼ + stars: | 2024-10-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Huawei trailed Apple in third place with 15.3% market share, IDC data showed. However, the company's smartphone shipments in China grew by 42% year-on-year, as it continues to stage a revival in the world's largest smartphone market. Apple stood at second position by market share in the third quarter, according to International Data Corporation (IDC). In the second quarter, Apple was knocked out of the top five ranking in China by market share. Canalys said Apple was fifth place by market share in China.

Persons: Apple, Tim Cook, Vivo, Xiaomi, Canalys Organizations: Apple, Huawei, IDC, International Data Corporation, Apple Intelligence, Oppo, CNBC Locations: Chongqing, China, Cupertino, U.S

☆ Airlines are doubling down on premium seats. So far, it's paying off
▼ + stars: | 2024-10-24 | by ( Taylor Rains | Benjamin Zhang | ) www.businessinsider.com time to read: +4 min

Airlines are doubling down on high-margin premium cabins and even expanding them on new planes. American Airlines on Thursday reported an 8% increase in premium revenue in the third quarter compared with the prior year. Its rivals Delta Air Lines and United Airlines reported similar premium revenue growth in the quarter, at 4% and 5%. Courtesy of Delta Air LinesLeaning more into premium seats could fill that financial void. United Airlines' Polaris business class.

Persons: —, Andrew Nocella, American's, Vasu Raja, Robert Isom, haven't Organizations: United, Service, American Airlines, Delta Air Lines, United Airlines, Airlines, Suite, American Airlines Delta, Boeing, Airbus, stoke, United Airlines ' Polaris, Frontier Airlines, Spirit Airlines, Spirit, JetBlue Airways, Southwest Airlines

☆ JPMorgan says fade the Tesla pop, earnings boost 'unsustainable'
▼ + stars: | 2024-10-24 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Investors should be wary of Tesla 's post-earnings rally, JPMorgan said. The electric vehicle maker reported adjusted earnings per share of 72 cents, topping the expectation of 58 cents from analysts polled by LSEG. Still, the earnings beat appeared to be enough to send shares nearly 16% higher Thursday, making it the best performer in the Nasdaq 100 as the trading day kicked off. Yet JPMorgan analyst Ryan Brinkman has some qualms. While the analyst lifted his price target by $5 to $135, that still suggests the stock can tumble nearly 37%.

Persons: Tesla, Ryan Brinkman, Brinkman Organizations: JPMorgan, LSEG, Nasdaq, Tesla

☆ Top 45 MLB free agents for 2024-25 with contract predictions, team fits: Will Soto get $600M+?
▼ + stars: | 2024-10-24 | by ( Jim Bowden | ) www.nytimes.com time to read: +48 min

MLB free agency is almost here so it’s time for my annual ranking of the top free agents with contract predictions and the best team fits for each player. Best team fits: Dodgers, Yankees, Mets, Diamondbacks, Red SoxSalary comps: NoneContract prediction: Minor-league contract4. Several teams have early interest in Walker, with the Astros and Mariners being the best early team fits. Best team fits: Padres, Rangers, Dodgers, Orioles, Guardians, MetsSalary comps: N/AContract prediction: None at this time19. Best team fits: Yankees, Mariners, Diamondbacks, BrewersSalary comps: Anthony Rizzo (2 years, $40M); Josh Bell (2 years, $33M)Contract prediction: 1 year, $15 million42.

Persons: Juan Soto, Corbin Burnes, Blake Snell, Max Fried, Roki Sasaki, Pete Alonso, Anthony Santander, Christian Walker, Alex Bregman, I’ve, He’s, Aaron Judge, Bobby Witt Jr, Soto, Mike Trout, Mookie Betts, Cy Young, Burnes, Stephen Strasburg, Jacob deGrom, Aaron Nola, Roki, Sasaki, he’s, Gerrit Cole, Cole, Cole won’t, Will, Brett Davis, They’ll, Carlos Rodón, Patrick Corbin, Tyler Glasnow, Pete, Matt Olson, Nolan Arenado, Kris Bryant, Carlos Correa, George Springer, Matt Chapman, Nolan Arenado’s, Dana Brown, Xander Bogaerts, Snell, —, José Berríos, Sonny Gray, Freddy Peralta, Peralta, Anthony, Shohei Ohtani, Tommy Gilligan, Brandon Nimmo, Willy Adames, Corey Seager, Andrew Friedman, Adames, Dansby Swanson, Javier Báez, Trevor Story, Marcell Ozuna, Ozuna, Walker, Paul Goldschmidt, Anthony Rizzo, Cody Bellinger, Cody Bellinger didn’t, Bellinger, Nick Castellanos, Kyle Schwarber, Shane Bieber, Tommy John, Bieber, Sean Manaea, Brad Penner, Manaea, Hyun Jin Ryu, Eduardo Rodriguez, Chris Bassitt, Miles Mikolas, Jack Flaherty, Flaherty, NL Cy Young, Lance McCullers Jr, Mitch Keller, Pablo López, Kyle Hendricks, Tomoyuki Sugano, Sugano, Michael Wacha, Jameson Taillon, Jon Gray, Nathan Eovaldi, Seth Lugo, Teoscar Hernández, Jayne Kamin, Teoscar, Hernández, Starling Marte, Jorge Soler, Walker Buehler, Buehler, Tanner Scott, Raisel Iglesias, Robert Suarez, Jurickson, Profar, Mitch Haniger, Lourdes Gurriel Jr, Michael Conforto, Eugenio Suárez, Suárez, Chris Taylor, Max Muncy, Jordan Montgomery, Wasserman, Ken Kendrick, Montgomery doesn’t, Seong Kim, Mike Shildt, Kim, J.P, Crawford, Jeff McNeil, Nico Hoerner, Orlando Arcia, Gleyber Torres, Torres, Tyler O’Neill, Bob DeChiara, Cody Bellinger —, O’Neill, Andrew Benintendi, Ian Happ, Yusei Kikuchi, Kikuchi, Tyler Anderson, Brandon Lowe, Lowe, Brandon Drury, Jorge Polanco, Nick Martinez, Martinez, Charlie Morton, Frankie Montas, Joc Pederson, Rhys Hoskins, Mitch Garver, Justin Turner, Charlie Blackmon, Carlos Estévez, Gregory Fisher, Estévez, Dave Dombrowski, Jeff Hoffman, Kendall Graveman, José Alvarado, Joe Jiménez, Ryan Pressly, Taylor Rogers, Luis Severino, Zach Eflin, Lucas Gioloto, Marcus Stroman, Reynaldo López, Jose Quintana, Tyler Mahle, Blake Treinen, Emilio Pagán, Wandy Peralta, Alex Verdugo, Mark Canha, Manuel Margot, Hunter Renfroe, Jose Iglesias, Chris Sale, Iglesias, Isiah Kiner, Miguel Rojas, Goldschmidt, Josh Bell, Hoskins, Hoffman, Matt Strahm, Chris Martin, Matthew Boyd, Boyd, Lance Lynn, Kyle Gibson, Clay Holmes, Luke Weaver, Dan Goldfarb, Mary DeCicco, Daniel Shirey Organizations: MLB, eventual, The Athletic, Baseball, OF, Boras, Yankees, American League, New York, Blue Jays, Dodgers, Phillies, Rangers, Nationals, Mets, Orioles, Red Sox, Chiba Lotte Marines, NPB, Diamondbacks, Angels, Kansas City, Braves, FIP, Star, Mariners, Astros, Giants, Rockies, Cardinals, Cy Young, Brewers, Milwaukee, Anthony Santander, RF, Santander, Reds, Adames, Rays, Cubs, Pirates, Cy, Guardians, Padres, Tigers, NL Cy, Twins, Yomiuri Giants, of Famers, Royals, Excel, Marlins, NL, The Diamondbacks, Montgomery, Sox, Tampa Bay, White Sox, Atlanta, Talent Sports, Apex, Athletics, Getty Locations: Bronx, Japan, New York, Houston, Walker, Seattle, Bledsoe, Tampa, Philadelphia, Fiume

☆ Tesla shares surge 19% and head for best day in more than 3 years on Musk's 2025 growth projection
▼ + stars: | 2024-10-24 | by ( Cj Haddad | ) www.cnbc.com time to read: +2 min

Elon Musk attends 'Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk' session during the Cannes Lions International Festival Of Creativity 2024 - Day Three on June 19, 2024 in Cannes, France. Tesla shares soared roughly 19% Thursday morning, putting the stock on pace for its best day in more than three years, following the company's better-than-expected earnings report. Tesla reported earnings per share of 72 cents adjusted, topping the average analyst estimate of 58 cents. Analysts at Morgan Stanley who recommend buying the stock, called Musk's 2025 vehicle delivery growth prediction a "maybe." It "clearly depends on the company's ability to improve affordability through cheaper model (next gen) introduction, financing offers and improved features," the Morgan Stanley analysts wrote in a note on Thursday.

Persons: Elon Musk, Mark Read, Tesla, FactSet, Morgan Stanley, — CNBC's Lora Kolodny Organizations: Cannes Lions, JPMorgan, Nasdaq Locations: Cannes, France

☆ Tesla shares jump on profit beat, Musk's prediction of at least 20% 'vehicle growth' next year
▼ + stars: | 2024-10-23 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +6 min

Net income rose to about $2.17 billion, or 62 cents a share, from $1.85 billion, or 53 cents a share, a year ago. Profit margins were bolstered by $739 million in automotive regulatory credit revenue during the quarter. Automotive revenue increased 2% to $20 billion from $19.63 billion in the same period a year earlier and is about flat since late 2022. Energy generation and storage revenue soared 52% to $2.38 billion, while services and other revenue, which includes revenue from non-warranty repairs of Tesla vehicles, jumped 29% to $2.79 billion. "Despite ongoing macroeconomic conditions, we expect to achieve slight growth in vehicle deliveries in 2024," the company said in its earnings deck Wednesday.

Persons: Elon Musk, Tesla, FactSet, Musk, Kelley, Vaibhav Taneja, Li Auto, Donald Trump, Trump, doesn't Organizations: LSEG, Energy, that's, California Public Utilities, Li, Ford, General Motors, Trump, Nasdaq Locations: Los Angeles , California, U.S, Texas, California, Bay, China, Harrisburg , Pennsylvania

☆ Eagles RB Saquon Barkley outgains Giants in first game against former team
▼ + stars: | 2024-10-20 | by ( Rohan Nadkarni | Rohan Nadkarni Is A Sports Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

Philadelphia Eagles running back Saquon Barkley rushed for 176 yards on 17 carries against the New York Giants, his former team, outgaining their offense on Sunday by himself. The second overall pick in the 2018 draft by New York, Barkley signed a three-year, $37.75 million contract with the Eagles in March. Saquon Barkley #26 of the Philadelphia Eagles during the game against the New York Giants on Sunday. Al Bello / Getty ImagesThrough five games entering Sunday, Barkley had run for 482 yards on 91 carries, with four touchdowns. The Jones-led passing offense hasn’t been much better after the team drafted wide receiver Malik Nabers with the sixth overall pick.

Persons: Saquon Barkley, Barkley, Daniel Jones, “ We’ve, Jones, Joe Schoen, Al Bello, hasn’t, Malik Nabers Organizations: Philadelphia Eagles, New York Giants, Giants, Eagles, New, Sunday, NFL, Philadelphia Locations: New York, York

☆ Fact check: Debunking Trump’s October lying spree about immigration
▼ + stars: | 2024-10-18 | by ( Daniel Dale | ) edition.cnn.com time to read: +23 min

Harris’ approach to the border: Trump falsely claimed of Harris: “She was saying the other day, ‘Yes, oh yes, we want to have a border.’ The first time she ever said it. The legal status of immigrants in Springfield: Trump falsely claimed, “They just dropped 30,000 illegal aliens in Springfield, Ohio.”This is false in more than one way. And while there is no official tally of the number of immigrants in Springfield, Trump’s “30,000” figure exceeds local estimates. More about immigrants in Springfield: Trump claimed that immigrants in Springfield are on “probation,” and he added, “Probation is for prisoners.” This is false in two ways. The word “caravan”: Talking about migrant caravans, Trump repeated his false claim that he invented the term: “The caravan.

Persons: Donald Trump, Kamala Harris ’, Harris, Trump, Joe Biden, ”, ” Biden, Alejandro Mayorkas, Biden, ” Harris, didn’t, “, ‘, it’s, –, Kamala Harris, It’s, Hurricane Helene, Hurricane Milton, ” James Hathaway, that’s, they’re, “ That’s, Ohio Sen, JD Vance, Trump’s, Mike DeWine, Vance, Chris Cook, ” Roberto Briceño, ” Trump, ” Helen Fair, hasn’t, Mike Coffman, ” Coffman, They’ve, Honduras –, Barack Obama, Obama’s, Harris “, Aaron Reichlin Organizations: Washington CNN, White, Homeland, Trump, Biden, Department of Homeland Security, ICE, Immigration, Customs, FEMA, Federal Emergency Management Agency, Congress, House Republicans, Refugee, Asylum, University of Michigan, UN, YES, ” Republican Ohio Gov, New York Times, US, “, CNN, Venezuelan, of, . Migrants, Democratic, Institute for Crime & Justice, Research, Birkbeck , University of London, Republican Aurora, Central, Customs Enforcement, El Salvador, Homeland Security, American Immigration Council, ICE hasn’t Locations: El Salvador, Guatemala, Honduras, United States, Texas, Arizona, Afghanistan, ”, That’s, Mexico, U.S, Springfield , Ohio, Univision, Springfield, Ohio, “, Cuba, Vietnam, Hungary, Czechoslovakia, Lebanon, Venezuela, Caracas, Congo, Democratic Republic of Congo, Republic of Congo, United Kingdom, Colorado, Venezuelan, Aurora, America

☆ What the roller coaster earnings at ASML and TSMC tell us about demand for AI chips
▼ + stars: | 2024-10-17 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

Analysts told BI it points to continued AI chip growth in the short to medium term. ASML sells large lithography machines — which print circuit patterns onto silicon wafers — to chip manufacturers, including TSMC, Samsung, and Intel. Its customers include Nvidia, the GPU designer spearheading the AI chip boom, along with AMD and Qualcomm. This makes TSMC a good bellwether for AI chip demand. While a slowdown at ASML might suggest some caution, the bigger picture still points to a continued surge in AI demand.

Persons: TSMC, —, Javier Correonero, Dan Hutcheson, TechInsights, It's, Correonero, TSMC's, CC Wei, Gokul Hariharan, Kate Leaman, Leaman Organizations: Service, Taiwan Semiconductor Manufacturing Company, TSMC, Samsung, Intel, Morningstar, Nvidia, AMD, Qualcomm, Taiwan, Broadcom, Reuters, CC, JPMorgan

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