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☆ Japan’s government in flux after election gives no party majority
▼ + stars: | 2024-10-28 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +5 min

TOKYO — The makeup of Japan’s future government was in flux on Monday after voters punished Prime Minister Shigeru Ishiba’s scandal-tainted ruling coalition in a weekend election, leaving no party with a clear mandate to lead the world’s fourth-largest economy. The biggest winner of the night, the main opposition Constitutional Democratic Party of Japan (CDPJ), had 148 seats, up from 98 previously, but also still well short of the 233 majority. But days before the vote, a newspaper affiliated with the Japan Communist Party reported that the party had provided campaign funds to branches headed by non-endorsed candidates. “LDP’s payments to branches show utter lack of care for public image,” ran an editorial in the influential Asahi newspaper two days before the election. In one bright spot, a record 73 women were elected into Japan’s male-dominated parliament, surpassing 54 at the 2009 election.

Persons: Shigeru Ishiba’s, “, Ishiba, Komeito, Keiichi Ishii, ”, Tobias Harris, Yoshihiko Noda, Fumio Kishida, Yuichiro Tamaki, Nobuyuki Baba, Rintaro Nishimura, Masakazu Tokura Organizations: U.S, Ishiba’s Liberal Democratic Party, Constitutional Democratic Party of Japan, Japan Foresight, LDP, Japan Communist Party, Asahi, Democratic Party for, People, Japan Innovation Party, DPP, Bank of Japan, Asia, Komeito Locations: TOKYO, China, North Korea, Japan

☆ 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 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

☆ 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

☆ 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

☆ 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

☆ Trump Media shares surge up to 20% after Trump rally in New York City
▼ + stars: | 2024-10-28 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Republican presidential nominee former President Donald Trump holds a rally at Madison Square Garden in New York, NY on Sunday, October 27, 2024. Trump Media stock rose above $46.80 per share in the first hour of trading — eclipsing its recent peak in mid-July, when the company's market value soared after Trump was nearly assassinated at a rally in Pennsylvania. Shares of Donald Trump 's social media company rocketed up as much as 20% on Monday morning, on the heels of the Republican presidential nominee's Sunday campaign rally in New York City. During that time, Trump Media has rolled out a separate streaming app, Truth+, and announced the resignation of its chief operating officer. $DJT," one Truth Social user wrote Monday morning in a Trump Media shareholder group.

Persons: Donald Trump, Trump, Kamala Harris, Critics, Polymarket Organizations: Madison, Trump Media, Republican, Sunday, Trump, Democratic, Rally Locations: New York, NY, Pennsylvania, New York City, Manhattan's Madison

☆ Oil prices slide more than 4% after Israel's 'limited' attack on Iran seen as not disrupting supplies
▼ + stars: | 2024-10-28 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

View of Iran's oil industry installations in Mahshahr, Khuzestan province, southern Iran. Kaveh Kazemi | Getty ImagesOil prices will remain under pressure for the rest of this year, it may be difficult to see Brent crude oil prices reaching $80 in the foreseeable future. "With Israel deliberately, and perhaps with some American encouragement, avoiding the targeting of crude oil facilities, the oil market is back to looking at an oversupplied market," said Andy Lipow, president at Lipow Oil Associates. "Oil prices will remain under pressure for the rest of this year, it may be difficult to see Brent crude oil prices reaching $80 in the foreseeable future," Lipow told CNBC via email. Stock Chart Icon Stock chart icon Oil prices year-to-date

Persons: Kaveh Kazemi, Brent, Andy Lipow, Israel, Lipow, Saul Kavonic Organizations: Getty, Lipow, Citi, Lipow Oil Associates, CNBC Locations: Mahshahr, Khuzestan, Iran, Israel, Canada, Brazil, Argentina, Senegal

Investors could win big with some of the companies reporting earnings this week that are trading below their fair valuations. About one-third of the S & P 500 , or 154 companies, as well as 10 companies in the Dow Jones Industrial Average , are due to report earnings this week. It is also shaping up to be a big week for companies within the travel, restaurant, energy and pharmaceuticals industries. Ahead of these results, CNBC Pro screened for the stocks reporting this week that are both trading at a discount and favored among Wall Street. The energy company will report earnings next Thursday.

Persons: James Hardiman, TD Cowen, Cowen, Andrew Kligerman, Nicholas Campanella Organizations: Dow Jones, Microsoft, Big Tech, Intel, CNBC Pro, Norwegian Cruise, Citi, Insurance, MetLife, Barclays, D, WEC Locations: Norwegian, Entergy

☆ 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

☆ Japan's central bank to remain undeterred on rate hikes despite LDP's electoral shock, analysts say
▼ + stars: | 2024-10-28 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

Japan's longtime ruling Liberal Democratic Party may have suffered an election shock, but analysts said that's unlikely to deter the Bank of Japan from its interest rate hike cycle. In Sunday's elections, the LDP lost its majority in Japan's lower house for the first time since 2009. Besides its junior coalition partner Komeito, the LDP will need to work with other parties to form a government. The political turmoil comes ahead of a Bank of Japan meeting this week. Roughly 86% of economists polled by Reuters expect the central bank to leave its rates unchanged when it announces its decision Thursday.

Persons: Kazuo Ueda, Japan's, Komeito, David Boling, CNBC's, they're, Izumi Devalier, Devalier, you've Organizations: Japan, International Monetary Fund, World Bank, Liberal Democratic Party, Bank of Japan, LDP, Eurasia Group, Reuters, Bank of America Locations: Washington , U.S, Japan

☆ 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

☆ Trump’s social media company has tripled in value in five weeks
▼ + stars: | 2024-10-28 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Trump Media & Technology Group is losing money, generating very little revenue and its main product Truth Social remains a relatively small player in social media. And yet Wall Street is valuing former President Donald Trump’s social media company at nearly $8 billion, a price tag that has tripled in the span of just five weeks. Since plunging to record lows on September 23, Trump Media’s share price has skyrocketed. Trump Media’s share price saw a sharp decline in July after President Joe Biden ended his reelection bid. “If this were called Joe’s Media Company, we wouldn’t even be talking about it and it wouldn’t have a value anywhere close to this.

Persons: New York CNN —, Donald Trump’s, “ I’ve, ” Gene Munster, Munster, Trump, ” Munster, “, it’s, ” Trump, George Kailas, ” Kailas, Kailas, “ There’s, Joe Biden, Kamala Harris, Harris, ”, Steve Sosnick, Sosnick, ” Sosnick, he’s Organizations: New, New York CNN, New York CNN — Trump Media & Technology Group, Trump, White, Trump Media, Republican, Asset Management, CNN, Democratic, Interactive Brokers, Munster, “, Joe’s Media Company Locations: New York, Munster, Trump’s

☆ 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

☆ 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

Earnings season is in full swing, and some names reporting this week are positioned for major moves. So far, 37% of those in the broad market index have reported this quarter, resulting in what has been a mixed reporting period. According to LSEG, earnings have come in 6.1% above expectations, while revenue is 1.5% higher, as of Monday. Last week, the stock advanced more than 1% on Wednesday due to JMP Securities upgrading it to market outperform from market perform. The financial services provider has jumped around 52% over the past three months and more than 41% over the past month.

Persons: Andrew Boone, Greenlight Capital's David Einhorn, Einhorn, Kamala Harris, Donald Trump Organizations: Dow Jones, Apple, CNBC Pro, Securities, Robin Hood Investors Conference, U.S, Technologies

☆ Apple Intelligence is finally here for some as part of the iOS 18.1 software update
▼ + stars: | 2024-10-28 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

Apple rolled out long-awaited AI features to some iPhone and other users with its iOS 18.1 update. The new software is officially available on iOS 18.1, iPadOS 18.1, and macOS Sequoia 15.1, months after the tech giant first announced Apple Intelligence at the Worldwide Developers Conference. These are the Apple Intelligence features out nowApple Intelligence was revealed at Apple WWDC 2024. AdvertisementWith iOS 18.1, Apple said Siri can field typed requests, answer "thousands of questions" about Apple products, and understand context better. AppleTo ensure they get the features, iPhone owners must join a waitlist to request activation of Apple Intelligence.

Persons: Dan Ives, —, Siri, Apple, There's, Tim Cook Organizations: Apple, Apple Intelligence, Service, Sequoia, Worldwide, Wedbush Securities Locations: Australia, Canada, New Zealand, South Africa

☆ 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

☆ 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

☆ Buy this tech firm that's quietly automating warehouses with robots, say Berenberg and Citi — giving it 50% upside
▼ + stars: | 2024-10-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

AutoStore , founded in 1996 and listed since 2021 in Norway, provides robots and technology to automate traditional warehouses. The company has grown to control approximately 80% to 90% of the market, according to German investment bank Berenberg. The investment bank initiated coverage with a price target of 15 Norwegian kroner ($1.37), pointing to roughly 50% upside from the current share price level. Analysts at Norway-based Arctic Securities have the most bullish outlook with an 18 Norwegian krone price target, indicating a 78% upside. Instead, they cited media reports that Amazon will likely rely on AutoStore's technology in its grocery rollout in the United States.

Persons: Lasse Stueben, Stueben, Martin Wilkie, Berenberg Organizations: Citi, THG plc, Securities, Big Tech Locations: AutoStore, Norwegian, Norway, Germany, Europe, British, United States

☆ 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

☆ 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

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

☆ Stocks making the biggest moves midday: Taiwan Semiconductor, On Semi, Delta Air Lines and more
▼ + stars: | 2024-10-28 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Robinhood — The fintech stock rose less than 3% after it said Monday that users will have the chance to trade a Kamala Harris or Donald Trump contract ahead of next week's presidential election. ON Semiconductor — The semiconductor product maker rose 5% after third-quarter earnings and revenue topped analyst estimates. Nutanix — The cloud infrastructure stock rose 4% following an upgrade to overweight from equal weight at Morgan Stanley. Moderna — Shares jumped after Moderna and Merck said they initiated a phase 3 trial investigating a treatment for non-small cell lung cancer. Moderna shares advanced 3.9%, while Merck was slightly higher.

Persons: Wells, Steven Cahall, Kamala Harris, Donald Trump, Israel, FactSet, Eugene Hsiao, Wolfe, Roy Jakobs, Nutanix, Morgan Stanley, Meta Marshall, Merck, Timothy Wojs, Aaon, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Sarah Min, Pia Singh Organizations: Spotify, U.S . Occidental Petroleum, Exxon, BP —, Citi, McDonald's, Taiwan Semiconductor Manufacturing, Huawei, Reuters, The U.S, Delta Air Lines, CrowdStrike, Honeywell —, Philips —, —, Moderna, Merck, Baird Locations: China, Atlanta

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