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☆ VMware customers are seeing massive late fees since Broadcom acquired the company
▼ + stars: | 2024-10-28 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +6 min

VMware customers face steep price hikes and late fees post-Broadcom acquisition. Under Broadcom, VMware now focuses on strategic clients and subscription models. Besides massive price increases, some customers are being hit with a late fee of around 20%, according to two partners. AdvertisementColpitts said that the text about the late fee in the email was bolded, making it seem like a "scare tactic." AdvertisementSwitching to VMware alternativesSome VMware competitors have seen the acquisition by Broadcom as an opportunity to win over VMware customers.

Persons: —, Dean Colpitts, Ignacio Llorente, Llorente, Colpitts, Rick Vanover, there's, Bruce Kornfeld, Forrester, OpenStack Organizations: VMware, Broadcom, Service, Business, IT, OpenNebula Systems

☆ McDonald’s needed to win Americans back. Then came an E. coli outbreak
▼ + stars: | 2024-10-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —Even for a brand as gargantuan as McDonald’s, the last few months have been… a lot. The timing of the outbreak is especially challenging for McDonald’s as it has been trying to win back customers who’ve been put off by higher prices. Over the summer McDonald’s did an about face to try to win people back. “It had been a pretty strong quarter.”And absent the E. coli outbreak, Tuesday’s earnings call might have been all about the value menu and the Crocs. The length and severity of the outbreak is now a wild card for analysts as they assess McDonald’s financial future.

Persons: CNN Business ’, Chris Gaulke, Cornell University’s Nolan, who’ve, Chris Kempczinski, McDonald’s, They’ve, ” RJ Hottovy, it’s, ” Hottovy, “ McDonald’s, McDonald’s didn’t, “ We’ve, Sara Senatore, Chipotle, ” Senatore, “, ”, Wendy’s Organizations: CNN Business, New York CNN, shimmer, New York Mets, Cornell University’s, Cornell University’s Nolan School of Hotel Administration, Associated Press, Colorado Department of Agriculture, Bank of America, Wendy’s Locations: New York

☆ Analysts give this Chinese tech stock 40% upside — but one CIO warns it could be a 'one trick pony'
▼ + stars: | 2024-10-28 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Chinese tech company Baidu garnered interest among investors following a 28% year-to-date drop in its share price — but one market watcher is unimpressed. For comparison, the Nasdaq Composite is up around 25.4% year-to-date, while the benchmark S & P 500 index is around 22.5% higher. According to FactSet data, of the 46 analysts covering the stock, 35 give it a "buy" or "overweight" rating, at an average price target is $125.41. BIDU YTD mountain Year-to-date shares in Baidu Among the reasons for Hsu's skepticism, is that Baidu as an internet search engine "is a one trick pony." "Baidu was riding high for a short while but ... the AI story may have sunset on Baidu and it will go back to being a one trick pony."

Persons: that's, Jason Hsu, CNBC's, Ernie Bot, Hong, Hsu —, —, Hsu, Baidu Organizations: Baidu, Rayliant Global Advisors, Nasdaq, China Equity ETF Locations: China

☆ Oil sell-off fuels stock gains — plus, AMD earnings loom and CrowdStrike counters Delta lawsuit
▼ + stars: | 2024-10-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. We would be surprised if CEO Lisa Su provided 2025 AI chip sales guidance. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Lisa Su, Raymond James, George Kurtz, Delta, Stanley Black, Decker, Hubbell, Jim Cramer's, Jim Organizations: CNBC, ., West Texas, AMD, Intel, Air Lines, Microsoft, Atlanta, Ford Motor, Cadence Design Systems, Corp, PayPal, Pfizer, Royal Caribbean Cruises, Jim Cramer's Charitable Locations: Israel, Corning

☆ F1 championships are increasingly being decided by how teams use new technology
▼ + stars: | 2024-10-28 | by ( Chris Hawes | ) www.cnbc.com time to read: +4 min

Bryn Lennon - Formula 1 | Formula 1 | Getty ImagesDoing this with a digital twin allows teams to develop strategies for different circuits. With 24 races on the schedule and only a handful of days in between, forecasting track performance is critical to ensuring engineers are ready to make any necessary changes. While teams are allowed up to 60 operational staff at the track on race days, each is communicating with analysts back at headquarters. "Everyone there will be looking at their computer and providing feedback to the racetrack engineers with recommendations that can be actioned onto the race car." With the cost-cap limiting budgets to $135 million per year, automating repetitive tasks is crucial to ensuring teams are using their resources efficiently.

Persons: Williams, James Vowles, CNBC's, Dan Keyworth, Red Bull, Max Verstappen, Lewis Hamilton of, Bryn Lennon, Britain's, Ben Waterhouse, Red, there's, Alessio Morgese Organizations: McLaren, CNBC, Mercedes, Oracle Red Bull Racing, of Great Britain, Silverstone Circuit, Engineers, Miami, Getty, Nurphoto Locations: Lewis Hamilton of Great Britain, Netherlands, parc ferme, Northampton, England, Monaco, Miami, USA

☆ European markets head for mixed open as investors review geopolitical tensions
▼ + stars: | 2024-10-28 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are expected to start the week on a lackluster note Monday as investors review the geopolitical situation in the Middle East. The U.K.'s FTSE 100 index is expected to open 8 points lower at 8,243, Germany's DAX up 30 points at 19,747, France's CAC up 12 points at 7,508 and Italy's FTSE MIB up 108 points at 34,648, according to data from IG. Market participants will be digesting a cooling geopolitical situation in the Middle East Monday after weekend airstrikes by Israel against Iran did not target oil or nuclear facilities as feared. Oil prices slid more than 4% Monday, although Citi analysts discounted the chance of an escalation that disrupts oil supplies. U.S. equity futures jumped as investors looked ahead to a batch of mega-cap technology earnings to keep driving the Nasdaq Composite to new heights this week.

Persons: Germany's DAX Organizations: France's CAC, IG, Citi, Nikkei, Nasdaq Locations: Israel, Iran, Asia, Pacific

☆ Jim Cramer wants to buy more shares of 2 portfolio companies with favorable catalysts
▼ + stars: | 2024-10-28 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "You want to own the stock," Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Jim, TD Cowen, Jim Cramer's Organizations: CNBC, Nasdaq, Microsoft, Delta Air Lines, Home Depot, Dow, pullbacks, Semiconductor, Spotify Locations: Delta

☆ Stocks making the biggest moves after hours: Cadence Design Systems, Ford, Boot Barn and more
▼ + stars: | 2024-10-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Cadence Design Systems — The electronic design stock jumped 5% after third-quarter earnings topped Wall Street expectations. Cadence Design earned $1.64 per share, excluding items, on $1.22 billion in revenue, while analysts surveyed by LSEG penciled in just $1.44 in earnings per share and $1.18 billion in revenue. The company also hiked up its midpoint outlook for non-GAAP earnings per share in 2024. Analysts polled by LSEG had anticipated just $3.45 in earnings per share on $731 million in revenue for the quarter. Trex reported adjusted earnings of 37 cents per share in the third quarter, while analysts anticipated just 32 cents, per FactSet.

Persons: LSEG, Ford, Trex, Jim Conroy, John Hazen, Conroy Organizations: Systems, Cadence, LSEG, Revenue, Ross Stores Locations: The Colorado

☆ Why North Korea would want to go to war for Russia
▼ + stars: | 2024-10-28 | by ( Chris Panella | ) www.businessinsider.com time to read: +8 min

North Korea sent thousands of troops to support Russia in its war against Ukraine. AdvertisementWhy is North Korea helping Russia? STR/KCNA VIA KNS/AFP via Getty ImagesIt's unclear what exactly is driving North Korea to become increasingly involved in the war and send troops to Russia. North Korea also has an aging fighter jet fleet it wants to upgrade and a desire for advanced satellite technologies. Beijing has often aligned with Russia and North Korea, and Western officials have accused China of also giving military aid to Russia in return for certain technologies and information.

Persons: Kim, Putin, —, Mark Rutte, Vladimir Putin, Kim Jong, KRISTINA KORMILITSYNA, Ivan Samoilov, Rutte, Kirby, Kurt Campbell, Defense Lloyd Austin, Biden, Seoul's Organizations: Ukraine, Service, US, Korean, Russian, NATO, Department of Defense, Pentagon, Ukrainian, North, Duma, Research, Gwara, Getty, VIA KNS, National Security, Technologies, Roman, Defense, Publicly, Ministry of Foreign, South Locations: Korea, Russia, Ukraine, South Korea, Kursk, Ukrainian, North Korea, Russian, Pyongyang, Korean, Moscow, Iran, North Korean, AFP, Kyiv, China, Beijing

☆ Germany's government is making life more difficult for solar farms that it often has to subsidize
▼ + stars: | 2024-10-28 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

A new law proposed by Germany will limit which solar producers are reimbursed when energy prices fall. The outlet cited fresh plans to restrict which producers will receive subsidies when energy falls below a fixed price. The government has previously estimated that German renewable subsidies would reach $21.6 billion this year. That's as the country's solar buildout has brought so much renewable energy online that wholesale power prices have frequently fallen below zero. AdvertisementMeanwhile, analysts have noted this year that supplementary investments in battery technology and the electric grid are needed if renewable energy is to escape negative pricing.

Persons: That's Organizations: Service, Bloomberg Locations: Germany, Europe, Ukraine

☆ Wise's billionaire CEO fined £350,000 by UK regulators over failure to report tax issue
▼ + stars: | 2024-10-28 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

In this article WISE-GB Follow your favorite stocks CREATE FREE ACCOUNTKristo Kaarmann, CEO and co-founder of Wise. Eoin Noonan | Sportsfile | Getty ImagesLONDON — Kristo Käärmann, the billionaire CEO of money transfer firm Wise , was slapped with a £350,000 ($454 million) fine by financial regulators in the U.K for failing to report an issue with his tax filings. "We continue to build a product and a company that will serve our customers and owners for the decades to come," Käärmann added. The chair of Wise, David Wells, said that the company's board of directors "continues to take Wise's regulatory obligations very seriously." In a note Monday, analysts at British investment bank Peel Hunt boosted their expectations for Wise's full-year profit before tax by 15%.

Persons: Kaarmann, Wise, Eoin Noonan, Sportsfile, Käärmann, Taavet Hinrikus, Forbes, Therese Chambers, David Wells, Peel Hunt, Gautam Pillai, Barun Singh Organizations: WISE, Getty, Financial, Authority, FCA, Customs, Peel Locations: Estonian

☆ No other sector has more on the line in this election than energy. How to play it
▼ + stars: | 2024-10-28 | by ( Spencer Kimball | ) www.cnbc.com time to read: +7 min

The Invesco Solar ETF (TAN) and the iShares Global Clean Energy ETF (ICLN) have tumbled more than 9% and 10%, respectively. While Trump's platform says he wants to unleash production from all sources, the document specifically calls out oil, gas and nuclear. How voters perceive the two candidates' energy policies could end up playing an influential role in the outcome of the election altogether. While the election will bring short-term volatility, the solar industry remains well positioned for long-term growth, according to Bank of America. About 25% of oil and 10% of natural gas production is on federal land and waters, according to the bank.

Persons: Donald Trump, Kamala Harris, Harris, fracking, Barack Obama, Trump, Steve Fleishman, Roger Read, Read, Biden, Morgan Stanley Organizations: Trump, Republican, Green New, Clean Energy, Bank of America, Keystone State, GOP, Republicans, Democratic, Wolfe Research, Wells, Wells Fargo Securities . Oil, Biden, CNBC, Exxon, Chevron Locations: Wisconsin , Michigan, Pennsylvania, China, Trump, Wells Fargo, U.S, New Mexico, Gulf of Mexico, Alaska, Iran, Tehran

☆ Oil slips more than 4% after Iran downplays Israeli strikes
▼ + stars: | 2024-10-28 | by ( ) www.cnbc.com time to read: +2 min

A pump jack operates in an oil field in Midland, Texas U.S. August 22, 2018. Oil prices tumbled more than $3 a barrel on Monday after Israel's retaliatory strike on Iran over the weekend bypassed Tehran's oil and nuclear facilities and did not disrupt energy supplies, easing geopolitical tensions in the Middle East. Both Brent and U.S. West Texas Intermediate crude futures hit their lowest levels since Oct. 1 at the open. The geopolitical risk premium that had built in oil prices in anticipation of Israel's retaliatory attack came off, analysts said. In October, the Organization of the Petroleum Exporting Countries and their allies, a group known as OPEC+, kept their oil output policy unchanged including a plan to start raising output from December.

Persons: Brent, WTI, Saul Kavonic, Tim Evans Organizations: Midland , Texas U.S, U.S . West Texas, Evans Energy, Organization of, Petroleum Locations: Midland , Texas, Iran, U.S, Tehran, OPEC

Trump’s Changing Messages on Abortion, in 660 Quotes Donald Trump has softened his rhetoric, contradicted himself and nearly dropped “pro-life” from his vocabulary. Trump’s Statements on Abortion Before and After Dobbs The way Donald Trump has talked about abortion changed after the Dobbs decision. Below, a comparison of the themes Mr. Trump mentioned most in his public statements, based on a Times analysis. Abortion is an important issue Times Trump said abortion is an important issue, by quarterAfter he was elected, Mr. Trump kept many of his promises to the anti-abortion movement. For much of this campaign, Mr. Trump declined to say whether he would veto a federal abortion ban.

Persons: Donald Trump, ”, Donald J, Trump, “ I’m, “, Dobbs, Jackson, Roe, Wade, ” Mr, Karoline Leavitt, Jason Rapert, Rapert, “ It’s, —, they’re, Lake, he’s, doesn’t, MAGA, Times Trump, Kamala Harris, they’ll, Melania Trump, “ We’re, Trump’s, ’, “ We're, Judge Scalia, Justice Scalia, We're, we've, ” Susan B, Anthony, They're, we'll Organizations: New York Times, Mr, Trump, National Association of Christian Lawmakers, Democratic, Republican, ”, Republican Party, Supreme, Times, Life, “, and Drug Administration, Justice Department, Breitbart, Federalist Society, Senate, U.S, ” Christian Broadcasting Network Locations: United States, Florida, Pensacola, Fla, “, Pa, Dubuque , Iowa, Pennsylvania, Michigan, Indiana

☆ Apple’s iPhone AI debuts today. Here’s what to expect
▼ + stars: | 2024-10-28 | by ( John Towfighi | ) edition.cnn.com time to read: +7 min

Apple’s AI features for iPhones will be available for free to users with any iPhone 16, iPhone 15 Pro and Pro Max, who update to iOS 18.1. Apple Intelligence is also available for iPad and Mac models that support iPadOS 18.1 and macOS Sequoia 15. The AI features rolling out with iOS 18.1The Apple Intelligence features rolling out Monday include improvements to writing and editing, Siri and the Photo app. “Some market participants are optimistic that Apple Intelligence could dramatically boost iPhone shipments soon,” Kuo said in the blog post. Following Apple's new product announcements, customers can pick up the new iPhone 16, 16 Plus, 16 Pro and 16 Pro Max, Apple Watch Series 10, AirPods 4, AirPods Pro 2 and AirPods Max from UK Apple Stores today.

Persons: Pro Max, Siri, Angelo Zino, Dan Ives, ” Ives, didn’t, Chi Kuo, Kuo, ” Kuo, Max, Peter Nicholls, “, Wedbush’s Ives, CFRA Research’s Zino, ” Zino, Apple’s Organizations: CNN — Apple Intelligence, Apple Intelligence, Pro, Microsoft, Google, Apple, Developers Conference, Big Tech, Apple Apple, CFRA Research, CNN, Wedbush Securities, TF International Securities, Regent, AirPods, Apple Stores Locations: London, England

☆ Wall Street braces for a Trump or Harris presidency. Here's what that means for your portfolio.
▼ + stars: | 2024-10-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, the first of our five-part refresher series on the potential impact Donald Trump and Kamala Harris presidencies could have on US consumers. Business Insider's Matthew Fox detailed how Wall Street sees former President Donald Trump and Vice President Kamala Harris affecting the investment landscape if they win the White House. One of the biggest areas where Harris and Trump differ is their proposed tax policies, which are believed to have big impacts on stocks. AdvertisementTrump's universal tariffs proposal is also viewed as having a big impact. It's a big week for Apple.

Persons: —, Donald Trump, Kamala Harris, Jenny Chang, Rodriguez, Matthew Fox, Harris, Trump, it's, Alyssa Powell, Joe Biden, Steve Sosnick, Neil Dutta, Goldman Sachs, Morgan Stanley, Rebecca Zisser, Elon Musk, James Yates, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Grace Lett, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Getty, BI, White, Bank of America, Interactive Brokers, JPMorgan, Twitter, Elon, Apple, Apple Intelligence, iOS, Venture, Ford Motors, MLB, LA Dodgers, New York Yankees, Forbes Locations: It's, New York, London, Chicago

☆ As Gaza Cease-Fire Talks Resume, Little Progress Is Expected Before the U.S. Election
▼ + stars: | 2024-10-28 | by ( Patrick Kingsley | More About Patrick Kingsley | ) www.nytimes.com time to read: +1 min

As the Biden administration makes a final diplomatic push in the Middle East before next week’s U.S. presidential election, little is expected to be achieved before the result is known, officials and analysts in the region said on Monday. Envoys from Israel, Egypt, the United States and Qatar renewed talks in Doha, the Qatari capital, on Monday over a cease-fire in Gaza. American mediators were also expected this week to continue to try to reach a truce between Israel and Hezbollah in Lebanon. The officials spoke on the condition of anonymity in order to discuss sensitive diplomacy. Osama Hamdan, a Hamas leader, said on Sunday that the group would only agree to a permanent cessation of hostilities, dashing hopes that Israel’s recent killing of the group’s leader, Yahya Sinwar, would bring about a swift change in its negotiating position.

Persons: Biden, Benjamin Netanyahu, Israel, Osama Hamdan, Yahya Sinwar Organizations: Hamas Locations: Israel, Egypt, United States, Qatar, Doha, Gaza, Lebanon

☆ 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

☆ Trump accuses Taiwan of stealing U.S. chip industry. Here's what the election could bring
▼ + stars: | 2024-10-28 | by ( Seema Mody | ) www.cnbc.com time to read: +4 min

Former President Donald Trump reiterated his frustration with Taiwan over the weekend when he appeared on "The Joe Rogan Experience" podcast and accused Taiwan of stealing America's chip industry. Trump criticized the U.S. CHIPS Act and said he would implement tariffs on chips from Taiwan if elected president. Shares of Taiwan Semiconductor closed down 4.3% on Monday. The U.S. Commerce Department funds have yet to be allocated to Taiwan Semiconductor or other major semiconductor firms. "We put up billions of dollars for rich companies to come in and borrow the money and build chip companies here.

Persons: Donald Trump, Joe Rogan, Trump, Bernstein, Stacy Rasgon, Rasgon, CC Wei, shouldn't, They're, he'll, Patrick Moorhead, Kamala Harris, it's, Biden Organizations: Taiwan Semiconductor Manufacturing Company, Nvidia, Apple, Taiwan Semiconductor, Amazon, Google, Microsoft, UBS, Intel, Samsung, U.S, CNBC, U.S . Commerce Department, CC, Funds, Mizuho, Trump, Analysts, Citi, VanEck Semiconductor, Global, Texas, China, Micron Locations: Taiwan, U.S, China, Arizona

☆ Stocks making the biggest moves premarket: Exxon, Spotify, Boeing, McDonald's, TSMC and more
▼ + stars: | 2024-10-28 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Spotify — The music platform rose more than 2% after Wells Fargo named Spotify a top stock pick . Analyst Steven Cahall is particularly bullish on the company's rising margins, strong product mix and evolving record label relationships. Boeing — Shares of the planemaker slipped roughly 2% after Boeing launched a stock offering that could raise roughly $19 billion. McDonald's shares dropped more than 7.5% last week, marking its worst weekly performance since 2020. ON Semiconductor — Shares gained more than 3% after the semiconductor product maker posted adjusted earnings per share of 99 cents and revenue of $1.76 billion for the third quarter.

Persons: Wells, Steven Cahall, Kamala Harris, Donald Trump, FactSet, Canaccord Genuity, Nio, CrowdStrike, Sarah Min, Alex Harring, Lisa Kailai Han, Sean Conlon, Michelle Fox Organizations: Spotify, Boeing —, Boeing, Occidental Petroleum, Exxon, BP —, Citi, Exxon Mobil, BP, Taiwan Semiconductor Manufacturing, Huawei, Reuters, The, Delta Air Lines Locations: U.S, China, The U.S, Macquarie

It’s still unclear if his ruling coalition with the junior partner Komeito can retain a majority. Ishiba has set a goal of retaining a majority of 233 seats for the ruling coalition between the LDP and its Buddhist-backed Komeito. But analysts say Ishiba’s LDP was expected to remain the top party in Japan’s parliament as voters are skeptical about the opposition’s ability and inexperience. There could be regrouping attempts among opposition parties to decide whether to cooperate among themselves or join the ruling coalition, political watchers say. Ishiba is expected to last at least until the ruling bloc approves key budget plans at the end of December.

Persons: Shigeru Ishiba’s, It’s, Komeito, can’t, Ishiba, Fumio Kishida, “, ”, Yoshihiko Noda, Noda, won’t, Izuru Makihara, ” Makihara, Shinzo Abe, Rintaro Nishimura, Abe Organizations: NHK, Ishiba’s Liberal Democratic Party, Liberal Democratic Party, LDP, Constitutional Democratic Party of Japan, University of Tokyo, The Asia Group, Democratic Party of, Japan Innovation Party Locations: Tokyo, Japan, Japan’s

☆ People paid $50,000 to reserve Tesla's new Roadster nearly 7 years ago. Its launch date remains a mystery.
▼ + stars: | 2024-10-27 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Elon Musk recently said Tesla's Roadster takes a back seat to more pressing projects. Nearly seven years after first unveiling the new Roadster, its release date remains a mystery. During Tesla's third-quarter earnings call, Elon Musk thanked the "long-suffering deposit holders," many of whom paid $50,000 in 2017 to reserve the much-delayed electric sports car. Related storiesMusk first announced the new Tesla Roadster in November 2017 and said it would be "the fastest production car ever made, period." The interior design of the Tesla Roadster was shown off in November 2017.

Persons: Tesla's, Elon Musk, —, Tesla, Musk, weren't, Kate Leaman, Leaman, it's, Jacob Bourne, Bourne, Dan Ives, Don Lemon, Peter Thiel Organizations: Analysts, Service, Wall Street, Business, Tesla, Base Roadster, SpaceX

☆ Top Wall Street analysts are upbeat on these dividend stocks
▼ + stars: | 2024-10-27 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +4 min

Finding the right names takes some additional legwork, and investors will want to consider the names highlighted by Wall Street analysts. Energy TransferThe first dividend stock pick this week is Energy Transfer (ET), a midstream energy company with over 130,000 miles of pipeline and related infrastructure across 44 states. The revised estimates also reflect the favorable impact of Sunoco's acquisition of NuStar Energy, as Energy Transfer owns about 21% of the outstanding common units of Sunoco. Diamondback EnergyWe move to independent oil and natural gas company Diamondback Energy (FANG). See Diamondback Energy Stock Charts on TipRanks.

Persons: Charlie Perez, Wall, Elvira Scotto, Scotto, TipRanks, FANG, Arun Jayaram, Jayaram, Diamondback Organizations: Cisco, Mobile, Nurphoto, Getty, Wall Street, Energy, RBC Capital, U.S, WTG, Holdings, NuStar Energy, Diamondback, Diamondback Energy, Endeavor Energy, JPMorgan, Endeavor Locations: Barcelona, Spain, Midland

☆ Earnings playbook: Busiest week of the season includes reports from megacaps Apple and Amazon
▼ + stars: | 2024-10-27 | by ( Fred Imbert | ) www.cnbc.com time to read: +7 min

Monday Ford Motor is set to report earnings after the bell, followed by a conference call at 5 p.m. What history shows: Bespoke Investment Group data shows Ford beats earnings expectations 68% of the time. What to watch: Meta is in a good spot heading into this week's report, according to Bernstein's Mark Shmulik. Microsoft is set to report earnings after the close, with a conference call on deck for 5:30 p.m. Amazon is set to report earnings after the market close, with a conference call at 5 p.m.

Persons: Edison Yu, Yu, BioNTech, Goldman Sachs, Toshiya Hari, Hari, LSEG, Bernstein's Mark Shmulik, Morgan Stanley's Keith Weiss, AAPL, KeyBanc, Justin Post Organizations: Apple, Ford Motor . Pharmaceutical, Pfizer, Corporate America, Monday Ford, LSEG, Ford, AMD, Cloud Service, Google, Microsoft, Windows, CNBC, Management, Amazon Web Services, Bank of America, Amazon Locations: Temu, .

☆ How Apple's China suppliers could actually benefit from U.S. trade tensions, according to JPMorgan
▼ + stars: | 2024-10-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

After a sweeping look at global trade shifts, JPMorgan strategists have concluded that some of Apple's Chinese suppliers could benefit from the trend of supply chain diversification. The Oct. 18 report looked at 10 aspects of "the great supply chain relocation and the rise of trading blocs." The analysis ranged from China's dominance in the global supply chain and overcapacity concerns, to U.S. policy. Calls for supply chain diversification picked up during the Covid-19 pandemic. "Further, they highlight names that could benefit from Apple's supply chain relocation," the report said.

Persons: Donald Trump's, Trump, Kamala Harris, Oppo, Bernstein, — CNBC's Michael Bloom Organizations: JPMorgan, Republican, Democratic, Biden, Apple, Wingtech, Luxshare Precision Industry Locations: U.S, China, India, ASEAN, Mexico, iPhones, GoerTek, Luxshare, Vietnam, Malaysia, Philippines, Shenzhen, Indonesia

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