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☆ S&P 500 could hit 7,000 next year under a Republican sweep, investor predicts
▼ + stars: | 2024-11-05 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

The S & P 500 could rally nearly 23% into 2025 if the Republicans sweep the election, according to Jay Hatfield, founder & CIO of InfraCap. Specifically, Hatfield said he sees the broad market index climbing to 7,000 next year. The odds of that scenario grew overnight, as former President Donald Trump took the lead in the U.S. presidential race over Vice President Kamala Harris. Despite the current electoral backdrop, Hatfield cautioned he's not as confident as the market is about Trump regaining the presidency. "It seems like the odds might be a little bit ahead of the data so far," he told CNBC.

Persons: Jay Hatfield, Hatfield, Donald Trump, Kamala Harris, Trump, Harris, it's, he's Organizations: Republicans, InfraCap, Republican, U.S, NBC, GOP, NBC News, Trump, CNBC Locations: North Carolina, Virginia

☆ Josh Stein will win North Carolina governor’s race, CNN projects
▼ + stars: | 2024-11-05 | by ( Arit John | ) edition.cnn.com time to read: +3 min

CNN —Democratic state Attorney General Josh Stein will win North Carolina’s gubernatorial race, CNN projects, defeating Republican Lt. Gov. Stein, who is currently serving his second term as attorney general, will become the state’s first Jewish governor. Though Democrats predicted a competitive race in the state, Robinson’s history of inflammatory comments ultimately doomed his campaign. Ahead of and after the story’s release, Robinson rejected calls from Republicans to drop out of the race. Born in Washington, DC, Stein’s family relocated to North Carolina when he was young.

Persons: Josh Stein, Mark Robinson, Stein, Roy Cooper, Robinson, ”, Pat McCrory, Sen, Thom Tillis, Adam Stein Organizations: CNN, Democratic, North, gubernatorial, Republican, Gov, Democratic Gov, Republicans, GOP, Dartmouth College, Harvard University Locations: Nazi, Washington ,, North Carolina, Greensboro, Parkland , Florida

☆ Stocks making the biggest moves midday: Tesla, Coinbase, Wynn Resorts, Palantir and more
▼ + stars: | 2024-11-05 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

Archer-Daniels-Midland — The food processor slumped 8% after its fiscal third-quarter and full-year earnings outlook missed analysts' estimates. Hims & Hers — Shares of the telehealth company gained 7% after better-than-expected third-quarter results surpassed analysts' estimates for profits and revenue. Palantir — The data analytics software maker surged more than 22% after posting strong third-quarter earnings and issuing upbeat revenue guidance . DuPont de Nemours — Stock in the chemicals company gained more than 6% after third-quarter earnings beat Wall Street estimates. DuPont reported adjusted earnings per share of $1.18 per share, while analysts surveyed by LSEG forecast $1.03.

Persons: Donald Trump, Archer, Burger, LSEG, MicroStrategy, Astera, Tesla, —, Macheel, Samantha Subin, Alex Harring, Hakyung Kim, Sean Conlon Organizations: Trump Media & Technology, White, Nvidia —, Nvidia, Dow Jones, Daniels, Midland, ADM, FactSet, Restaurant, LSEG, Wynn, —, Lattice Semiconductor, Cirrus, DuPont de Nemours — Stock, DuPont, Astera, Diamondback Locations: Cleveland

☆ Investors are better off keeping politics at the polls. Here’s why
▼ + stars: | 2024-11-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +4 min

Still, investors don’t appear to be letting their jitters get to them — at least not entirely. “Valuations at the market level and individual stock level are always the key to long-term performance. You may have a lot of noise in the short term, but for long-term investors, it’s always going to be all about valuation,” he said. An election year analysis from Danny Noonan at Morningstar Wealth found that investors are significantly better off in the long run if they ignore politics. For investors, that suggests the best strategy may be to keep calm, trade on — and leave the politics at the polling place.

Persons: ”, Keith Lerner, Wall, Helene, Milton, Lerner, Kamala Harris, Donald Trump, Brent Schutte, Dave Sekera, it’s, Danny Noonan, Noonan Organizations: New, New York CNN, Federal Reserve, Northwestern Mutual Wealth Management Company, Morningstar, Morningstar Wealth, Democrat, Republican, they’d Locations: New York, United States

☆ A Controversial Vacation Homes Tax Is Dividing Lake Tahoe
▼ + stars: | 2024-11-05 | by ( Amanda Yen | ) www.businessinsider.com time to read: +12 min

My grandparents' vacation cabin in Lake Tahoe is the stuff of legend. My grandparents' little house in South Lake Tahoe, which they bought for $113,000 in 1984, quickly became a haven for my family. Framers of the Tahoe tax measure took inspiration from Berkeley, California, which adopted a vacancy tax this year. Since the city of South Lake Tahoe was incorporated in 1965, it's been populated by a healthy mix of year-round and seasonal residents. As of October 2024, the median sales price for homes in South Lake Tahoe was $750,000, according to Realtor.com.

Persons: George Rose, it's, Amelia Richmond, —, Steve Teshara, Teshara, Frederic Lewis, Sherri Maslyar, Jeff Cowen, we'd, Amanda Yen, I'd Organizations: of Commerce, South Tahoe Association of Realtors, BI, Colorado and, Survey, Tahoe Chamber of Commerce, Realtors ' Association, Business, Tahoe, Planning Association Locations: Tahoe, South Lake, Berkeley , California, Oahu, Colorado, Aspen, Vail, Breckenridge, Bay, Colorado and Utah, Park City , Utah, Richmond, Emerald

☆ Angela Alsobrooks will hold Maryland Senate seat for Democrats, CNN projects
▼ + stars: | 2024-11-05 | by ( Simone Pathe | ) edition.cnn.com time to read: +2 min

CNN —Democrat Angela Alsobrooks will win the Maryland Senate race, CNN projects, defeating Republican former Gov. Her victory is a relief for Democrats, who were facing a daunting Senate landscape before this race came on the map. Neither made their history-making potential a key message on the trail, but it was resonant in a state where Black voters – and Black women in particular – are a crucial part of the electorate. Alsobrooks’ home turf of Prince George’s County is home to one of the largest middle-class Black populations in the country. The Democratic Party quickly united around Alsobrooks, who already had the backing of most of the state’s congressional delegation.

Persons: Angela Alsobrooks, Larry Hogan, Sen, Ben Cardin, Prince George’s, Delaware’s Lisa Blunt Rochester, Donald Trump, Joe Biden, Hogan, codifying Roe, Wade, he’d, Alsobrooks, Kamala Harris, David Trone Organizations: CNN, Maryland Senate, Republican, Gov, Black, Democrats, Republicans, Washington Post, University of Maryland, Democratic Party Locations: Prince George’s County, Maryland, Prince George’s, Alsobrooks

☆ Palantir CEO says the company 'eviscerated' sales so hard execs have stopped talking about how 'crazy' he is
▼ + stars: | 2024-11-05 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

CEO Alex Karp said revenue growth was driven by AI demand in the US. AdvertisementPalantir CEO Alex Karp took a victory lap on Monday as the company reported big third-quarter earnings. "We absolutely eviscerated this quarter, driven by unrelenting AI demand that won't slow down," Karp, who co-founded Palantir in 2003, said in an earnings release. In a letter to shareholders that accompanied the earnings report, Karp said the US market was still the core of Palantir's business. The CEO added that Europe was being "left behind" in AI innovation and needed to adapt or "risk ruin."

Persons: Alex Karp, Karp, —, " Karp, unravels ChatGPT, it's Organizations: Service Locations: US, Palantir, New Hampshire, Silicon Valley, Europe

☆ Barry Keoghan hits back at online trolls over ‘disgusting’ parenting comments
▼ + stars: | 2024-11-05 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —Irish actor Barry Keoghan has hit back at “disgusting” online trolls who comment on his parenting, saying they “sicken” him and make him “furious.”The “Saltburn” star spoke extensively about the damaging impact of online trolling in a wide-ranging interview on “The Louis Theroux Podcast” released on Tuesday. He also spoke candidly about his acting career, his time in foster homes as a child and, briefly, his relationship with singer Sabrina Carpenter. “People kind of have a judgment on me as a parent,” said Keoghan, who shares a 2-year-old son named Brando with his ex-partner. “I’m like, well until you’ve walked a day in my shoes growing up as a kid, then you can comment… There’s a lot online. His mom passed away… touring foster homes…’ That’s not what I’m looking for.

Persons: Barry Keoghan, “, Louis Theroux, ”, Sabrina Carpenter, Keoghan, Brando, you’ve, ’, ” Keoghan, Oscar, it’s, ” Barry Keoghan, Angela Weiss, Theroux, Carpenter Organizations: CNN, Getty, coy Locations: Irish, Dublin, Ireland

☆ China is so crazy about durian that it's now Pizza Hut's best-selling pizza ingredient in the country
▼ + stars: | 2024-11-05 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Durian pizza is now Pizza Hut's hottest pie in China, with Yum reporting 30 million sold this year. Yum China, which runs Pizza Hut in the country, said in its quarterly earnings call on Monday that durian pizza has become its top pie nationwide. "One in every four pizzas sold in Pizza Hut China is now a durian pizza. A promotional image for Pizza Hut China's durian pizza. Net income also grew to $297 million, up 22% from $244 million in Yum China's third quarter of 2023.

Persons: Yum, Joey Wat, —, Wat Organizations: durian, Service, HSBC, Yum, KFC Locations: China, Pizza Hut, China China, Asia, Southeast Asia, Yum China

☆ OpenAI is making moves toward becoming a for-profit company
▼ + stars: | 2024-11-05 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

OpenAI is one step closer to becoming a for-profit company. A for-profit structure would be much more conventional for the investors OpenAI is courting. Reports of the California attorney general's involvement in the process indicate the company is one step closer to formalizing the unprecedented shift, which would require the attorney general's approval. Neither OpenAI nor the California attorney general's office immediately responded to Business Insider's request for comment. A for-profit structure would be much more conventional for the big-name investors OpenAI is increasingly courting, including Microsoft and Nvidia.

Persons: —, Sam Altman, general's, OpenAI, Rob Bonta, Bret Taylor Organizations: Bloomberg, Service, Microsoft, Nvidia Locations: California, Delaware

Bitcoin, an asset tied to a Trump victory given the candidates courtship of the industry, soared to a record $75,000 . Heading into the election, investors and analysts pointed to several stocks and sectors that could benefit from a Trump win. Here's a roundup of some of those: Steel stocks If Trump regains the presidency, JPMorgan expects steel stocks to outperform . Related stocks that could outperform under a Trump victory include Nucor , Cleveland-Cliffs , Kaiser Aluminum and MP Materials , according to Peterson. Supporters of Trump have also used the stock as a way to invest in a Trump victory.

Persons: Donald Trump ., Trump, Kamala Harris, Here's, Bill Peterson, Peterson, UBS's, Goldman Sachs, Strategas, Lazard, Wolfe, Tesla, Elon Musk's, Marion Laboure, bitcoin, Nic Puckrin, David Zerzos, Zerzos, Marcelli, Seth Seifman, Russell, Joe Biden, IWM, —, Halliburton, Trump's, ULTA, Michael Bloom, Sean Conlon, Alex Harring, Fred Imbert, Pia Singh Organizations: U.S, NBC, Stock, Dow Jones Industrial, Trump, JPMorgan, Aluminum, Financials Bank of America, of America, UBS's Trump, UBS, Swiss, Citigroup, Citizens, Wolfe Research, GOP, Trump Media & Technology, Trump Media, ISI, Deutsche Bank, Investors, Jefferies, Military, Strategas, Gas Energy, Evercore ISI, Exxon Mobil, Halliburton, Companies Locations: Nucor, Cleveland, U.S, China, U.S . Southern

☆ Food deliveries are getting more expensive — but we can't stop ordering
▼ + stars: | 2024-11-05 | by ( Nora Redmond | ) www.businessinsider.com time to read: +6 min

Research shows that ordering food for delivery has gotten expensive, yet demand remains high. But demand for food delivery has remained high — as has its price. Last week, food delivery company DoorDash, reported an 18% rise in orders year over year in its third quarter of 2024. A food delivery driver previously told BI that he decides to accept or pass on a variety of deliveries often based on the highest upfront tips. But despite lockdowns coming to an end and the country gradually opening back up, people grew accustomed to the trend of ordering food.

Persons: —, There's, Mills, Doug Martin, Uber, Anthony Miyazaki, Miyazaki, Alon Chen, Oliver Wright, Wright, Chris Olivola, It's, Olivola Organizations: Service, Business, Revenue, Florida International University, Starbucks, McDonald's, KFC, Accenture, Tepper School of Business Locations: Doordash, Olive

☆ Even Warren Buffett thinks his stock is too expensive
▼ + stars: | 2024-11-05 | by ( John Towfighi | ) edition.cnn.com time to read: +3 min

CNN —Warren Buffett’s Berkshire Hathaway has over $325 billion in cash on hand. Berkshire Hathaway was a net seller of stocks across its portfolio that quarter and grew its cash-on-hand to record amounts. Berkshire Hathaway’s actions signal to investors that its stock might be overvalued, Cathy Seifert, an analyst at CFRA Research, told CNN. Buffett will repurchase shares when he thinks the price is “below Berkshire’s intrinsic value, conservatively determined,” according to Berkshire Hathaway’s regulatory filings. “All this suggests that Buffett has serious concerns about the economic backdrop and the current state of the stock market,” Mould said in a note.

Persons: CNN — Warren, Berkshire Hathaway, Buffett, Cathy Seifert, they’re, ’ ” Seifert, He’s, ” Robert Korajczyk, Aswath, “, ” Damodaran, “ They’ve, Russ Mould, AJ Bell, ” Mould, ” Korajczyk Organizations: CNN, Berkshire, Securities, Exchange, CFRA Research, Buffett, Berkshire Hathaway’s, Northwestern’s Kellogg School of Management, NYU Stern School of Business Locations: Berkshire, “, ”, —

☆ Burger King parent Restaurant Brands falls short of third-quarter expectations
▼ + stars: | 2024-11-05 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

A new Burger King restaurant under construction in Tortosa, Spain, following the current expansion of Restaurant Brands International Inc. - the parent company of BK- in new and existing markets. Restaurant Brands International on Tuesday reported quarterly earnings and revenue that missed analysts' expectations as domestic same-store sales growth for all four of its chains fell short of Wall Street estimates. Burger King, Firehouse Subs and Popeyes all reported same-store sales declines in their home markets. But the Canadian coffee chain still fell short of Wall Street's same-store sales growth expectations of 4.1%, based on StreetAccount estimates. Outside of the U.S. and Canada, Restaurant Brands' international same-store sales rose 1.8% in the quarter, just shy of estimates of 2.2%.

Persons: Burger, Popeyes, Tim Hortons Organizations: Burger King, Restaurant Brands, Inc, BK, LSEG, Brands Locations: Tortosa, Spain, China, U.S, Canada

☆ AstraZeneca shares fall on report of potential China probe fallout
▼ + stars: | 2024-11-05 | by ( ) www.cnbc.com time to read: +2 min

The Astrazeneca logo is pictured at the World Artificial Intelligence Conference 2021 in Shanghai, China, July 7, 2021. "As a matter of policy, we do not comment on speculative media reports including those related to ongoing investigations in China," AstraZeneca said. "If requested, we will fully cooperate with the Chinese authorities," the company added and said that its operations and delivery of medicines were ongoing in China. AstraZeneca is one of the biggest multinational drugmakers in China, which accounts for 13% of its overall revenue. In 2022, Chinese authorities had summoned AstraZeneca officials over an investigation of suspected medical insurance fraud by its employees, and had ordered that the drugmaker tighten its marketing activities.

Persons: Leon Wang, Wang, AstraZeneca Organizations: Astrazeneca, Artificial Intelligence, AstraZeneca, country's pharma Locations: Shanghai, China, Swedish

☆ I lived in rural Pennsylvania for 23 years before moving to a big city. The culture shock was real.
▼ + stars: | 2024-11-05 | by ( Olivia Bardo | ) www.businessinsider.com time to read: +4 min

I moved to Washington, DC, after living in rural Pennsylvania for 23 years. The work culture was a bit intense, but I loved how much there was to do after work and on weekends. AdvertisementI grew up in rural Pennsylvania, tucked away in a stretch of the Appalachian Mountains known as the Endless Mountains. AdvertisementThe work culture in DC was intenseMy first full-time job was in the Capitol Hill neighborhood, so right out of college, I felt like I was thrown into the most competitive work culture. Although I loved discovering what people do for a living, work culture is often prioritized over everything else.

Persons: —, I'm, Olivia Bardo, tahini, ube waffles Organizations: Service, ESPN, ACLU, Peace Corps, Hirshhorn Museum, Renwick Locations: Washington, Pennsylvania, Columbia, Washington ,, Colorado

☆ Bernard Marcus, cofounder of The Home Depot and billionaire Republican megadonor, has died
▼ + stars: | 2024-11-05 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Bernard “Bernie” Marcus, the billionaire Home Depot cofounder and a Republican megadonor, who in recent years became an outspoken supporter of former President Donald Trump, has died, the company announced Tuesday. “The entire Home Depot family is deeply saddened by the death of our cofounder Bernie Marcus,” The Home Depot said in a statement. The Home Depot got its start in Atlanta, a city where Marcus was a well-known philanthropist with his wife Billi. Some Trump opponents attempted to launch a boycott of The Home Depot in 2016 and in 2019 because of Marcus’ support of the Republican nominee for president. I don’t want to work — I’m too lazy, I’m too fat, I’m too stupid.’”“We used to have free speech here.

Persons: New York CNN — Bernard “ Bernie ” Marcus, Republican megadonor, Donald Trump, Bernie Marcus, ”, “, Bernie, ” Marcus, Arthur Blank, Marcus, Blank, Handy, Billi, “ He’s, John McCain, Ron DeSantis, Marcus ’, — Organizations: New, New York CNN, Republican, Rutgers University, Depot, Marcus Autism, Emory University, Georgia Aquarium, Trump, Fox News, Fox Business, The, Financial Times Locations: New York, Newark , New Jersey, California, Atlanta, Georgia, Florida, America

He noted that in many of the videos being called out by Torres, Piker was criticizing the Israeli government, not Jewish people. Still, the letter marks one of the more high-profile callouts of the popular streaming platform over content regulations related to the Israel-Hamas war. The criticism of Piker came the same month Twitch was accused of disabling sign-ups for the platform from some users in Israel and the Palestinian territories. “It’s actually one of the most stringently applied TOS systems on any platform,” Piker said. The views shared by streamers on Twitch are not the views of Twitch nor are they my personal views."

Persons: Ritchie Torres, Hasan Piker, Benjamin Netanyahu, Piker, Torres, Twitch, —, Sen, Bernie Sanders, Alexandria Ocasio, Tim Walz —, Torres —, ”, Dan Clancy, ” Clancy, “ They’re, ” Piker, he’s, he’s “, Cenk Uygar, Palestine ”, “, …, Sabra, hummus, ” CapriSunnPapi, Raffoulticket, DenimsTV, Jake Steinberg, hasan, Ethan Klein, “ I’ve, ” Klein, ” Fr0gan, raff, sabra hummus, ” Frogan, Zack “ Asmongold ” Hoyt, ” Hoyt, “ It’s, I’m, America —, Clancy Organizations: Hamas, NBC News, Minnesota Gov, NBC, Turkish, Turks, “, YouTube, Defamation League, ADL, U.S . Department of State Locations: Israel, Alexandria, Cortez, Gaza, American, Palestinian, Palestine, San Diego, TikTok, America

Bad Bunny is recognized globally for establishing reggaeton as a mainstream music genre and exporting Puerto Rican culture to the world. Puerto Rico has given an organic endorsement,” Bad Bunny told the thousands at the rally. It’s you, the people of Puerto Rico, who have told me that on Nov. 5th, we must vote for Juan Dalmau and the ‘Alianza’” (Alliance). Bad Bunny's message connects with young voters in Puerto Rico who have never lived in a Puerto Rico that’s not riddled with crisis, said Jorge Schmidt Nieto, a political science professor at the University of Puerto Rico in Mayagüez. Bad Bunny talks about his upbringing — and makes it politicalIn his 20-minute speech Sunday, Bad Bunny opened up about his upbringing in Puerto Rico — and linked it to Puerto Rico's recent political turmoil.

Persons: Bunny, Zers, “, ”, It’s, Juan Dalmau, Dalmau, Bad Bunny, Pedro Pierluisi, Puerto Rico that’s, Jorge Schmidt Nieto, Apagón, Una Velita, Carlos Vargas, Ramos, Vargas, —, Benito Antonio Martínez Ocasio, Pedro Rosselló, Vega Baja, Luis Fortuño, Schmidt Nieto, Hurricane Maria, Charles Venator, There's, ” Venator, theis, Rosselló, Santiago, García, Sin Suela Organizations: Puerto, Alianza ’ ”, Puerto Rican Independence Party, Citizens, Puerto Rico's, New Progressive Party, Gov, Popular Democratic Party, University of Puerto, Puerto Rican, Ricans, Center, Puerto Rican Studies, Hunter College, Puerto Rico —, Alliance, Islanders, Hurricane, University of Connecticut, Puerto Ricans Locations: Puerto Rican, Puerto Rico, Puerto, University of Puerto Rico, Mayagüez, New York, Vega, Santiago, Puerto Rico’s

☆ Want to invest in China's hot EV market? The pros share their take
▼ + stars: | 2024-11-04 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

China's hot electric vehicle market has been gaining investor interest, and one analyst sees potential for the sector to grow further. "China's EV market is the largest in the world and also delivers fast growth," Vincent Sun, senior equity analyst at Morningstar said. This translates to a penetration rate of 49% of China's auto market in September. Sales of these vehicles in China's domestic market were up 66% year-on-year to 72,000 in September . Hsu said BYD and Tesla have a "good separation" because they are not seen as competitors in the Chinese market.

Persons: Vincent Sun, Morningstar, Sun —, Sun, Jason Hsu, There's, CNBC's, BYD, Tesla, Hsu Organizations: CNBC Pro, EV, Rayliant Global Locations: China, U.S

☆ Stocks making the biggest moves midday: Nvidia, Berkshire Hathaway, Yum China and more
▼ + stars: | 2024-11-04 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

Nvidia is slated to replace rival chipmaker Intel , while paint manufacturer Sherwin-Williams will replace Dow Inc . Fox Corp. — Shares rose nearly 4% after the media company surpassed Wall Street's fiscal first-quarter estimates. That surpassed the earnings per share of $1.13 and $3.38 billion in revenue expected by analysts polled by FactSet. The New York Times — The media company's shares fell 6% after The New York Times added fewer-than-expected digital subscribers in the third quarter, even as its digital advertising sales saw its strongest growth in more than two years. The New York Times Tech Guild also announced Monday morning that it is officially on an unfair labor practice strike .

Persons: Sherwin, Williams, Berkshire Hathaway, Warren Buffett's, FactSet, Talen, Marriott, Peter Stern, Chewy, Dow, — CNBC's Michelle Fox, Lisa Kailai Han, Pia Singh, Sean Conlon, Samantha Subin Organizations: Nvidia, Dow Jones, Intel, Dow Inc, Berkshire, Energy, Federal Energy Regulatory Commission, Susquehanna, Amazon, Constellation Energy, Marriott, underperform, Bank of America, Yum China Holdings —, Fox Corp, FactSet, The New York Times, New York Times, New York Times Tech Guild Locations: Shanghai, Yum China

☆ Labor strikes shut down operations at Canada's container ports from East to West Coast, with U.S. trade left in limbo
▼ + stars: | 2024-11-04 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +7 min

Key ports on Canada's West Coast, including its largest container port in Vancouver and the Port of Prince Rupert, were shut down by a labor strike on Monday. According to the Greater Vancouver Board of Trade, $800 million in trade flows through West Coast ports every day. Montreal processes 40% of all East Coast container traffic. Approximately $572 million in container trade arrives daily in the U.S. from Canada, according to U.S. Census data. A temporary loss of the Canadian West Coast trade gateway could push carriers to discharge import cargo along the already strained U.S. West Coast, said Alan Baer, CEO of OL USA, further increasing the dwell time of containers and elongating overall transits.

Persons: of Prince Rupert, Vancouver and Prince Rupert, Prince Rupert, Eric Byer, Paul Brashier, Alan Baer, Steve Lamar, Frank Morena, Steven MacKinnon Organizations: Greater, Greater Vancouver Board of Trade, Local, Port, Canadian Union of Public Employees, U.S . Department of Transportation, Alliance for Chemical, Canadian Pacific Kansas City, Canadian National Railway, Logistics, International, Warehouse Union of Canada, ITS Logistics, East, Canadian West, USA, U.S ., American Apparel and Footwear Association, British Columbia Maritime Employers Association, Federal Mediation, Conciliation Services, Canada, ILWU, U.S, Canadian Labor Locations: West Coast, Vancouver, of, Foreman, Greater Vancouver, U.S, Port of Montreal, Montreal, United States, of Vancouver, Canada, Canadian West Coast, Port, Midwest, Asia, U.S . West Coast, Los Angeles, Long Beach , California, British Columbia, American, British, East Coast

☆ Morgan Stanley upgrades Roblox, says game platform's shares could more than double
▼ + stars: | 2024-11-04 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Roblox is at an inflection point and could see its stock price more than double from here, according to Morgan Stanley. Analyst Mathew Cost upgraded the online game platform to overweight from equal weight and lifted his price target by $27 to $65, suggesting 26.4% upside. The analyst thinks consensus expectations "underappreciates the potential" for Roblox to exceed it 20% bookings growth targets as it continues to grow its audience. That's nearly 10 times faster than the game market this year and the highest level since peak Covid in 2021, he noted. LSEG data shows Roblox is has buy or strong buy ratings from 20 of 33 analysts covering it.

Persons: Morgan Stanley, Mathew, That's Organizations: PlayStation

☆ Stocks making the biggest moves after hours: Palantir, Wynn Resorts, NXP Semiconductors and more
▼ + stars: | 2024-11-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The software company surpassed Wall Street's third-quarter estimates, posting adjusted earnings of 10 cents per share on $726 million in revenue. That beat the 9 cents per share and $701 million in revenue expected by analysts polled by LSEG. NXP Semiconductors — The Netherlands-based semiconductor company shed 5% on disappointing fourth-quarter guidance, citing macro weakness in Europe and the Americas and in the industrial and internet of things market. NXP Semiconductors topped earnings estimates by 2 cents per share and posted in-line revenues. Cleveland-Cliffs — Shares fell more than 4% after the steel producer fell short of Wall Street's revenue estimates.

Persons: Wall, Palantir, Rick Dreiling, LSEG Organizations: LSEG, Wynn Resorts, Semiconductors, NXP, Revenue, Lattice Semiconductor Locations: Netherlands, Europe, Americas, Cleveland

☆ What Nvidia's Dow inclusion means for the chipmaker, according to history
▼ + stars: | 2024-11-04 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Investors are expecting the Dow Jones Industrial Average to get a boost from the inclusion of the biggest artificial intelligence beneficiary of the last year. The 30-stock Dow has underperformed this year and last after failing to capitalize on the artificial intelligence boom that helped bolster the comparatively tech-heavy S & P 500 and Nasdaq Composite. By comparison, the S & P 500 has surged 20% in 2024, after climbing 24% last year. Nvidia shares have gained 179% this year, and last advanced 1.8% in midday trading. Meanwhile, Intel shares have tumbled more than 55% in 2024; on Monday, it was last off by another 3.5%.

Persons: Dow Jones, CFRA Research's Angelo Zino, Dow, Nvidia doesn't, Ned Davis, Zino, bullish Organizations: Dow Jones, Dow, Nasdaq, Nvidia, Ned Davis Research, Blackwell, Intel, Amazon, Walgreens, Alliance, Walgreens Boots Alliance

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