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☆ Inside the island fortress of America's mega-billionaires
▼ + stars: | 2024-09-22 | by ( Guthrie Scrimgeour | ) www.businessinsider.com time to read: +21 min

An Israeli-designed radar system encircling the island can detect passersby, in low visibility, from half a mile away. Often described as "butlers with badges," the Indian Creek police force is unlike most of its counterparts. The Indian Creek radar can detect objects on the water and use artificial intelligence to classify them according to the risk they pose. With the new security system, the Indian Creek police appear to have turbocharged their enforcement of regulations in the surrounding waters. Properties in the neighborhood are also being bought up by opaquely named LLCs tied to Indian Creek residents.

Persons: —, I've, I'm, — they're, Norman Braman's, Tom Brady, Carl Icahn, Jeff Bezos, we've, Tiffany, William Henry Hoover, Frank Woolworth, Saratta, Gerardo Vildostegui, Vildostegui, it's, Irma Braman, Bernard Klepach —, Mike Bullman, Chandan Khanna, Justin Ross, who's, Ross, Gail Golden, Javier Holtz, Marko Gojanovic, Gojanovic, he's, Dina Goldentayer, Don Shula, opaquely, LLCs, Julio Iglesias, Surfside, Tim Will, Will, America's, Elon Musk, you'd, there's, Brian Daniel, Low, John Bernardo, Klepach, Guthrie Organizations: Public Space Research, City University of New, Indian, Jewish, Indian Creek Country, Security Solutions, Police, Getty, Biscayne, Indian Creek Police, Marquis Bank, Miami Dolphins, BI, CUNY Locations: Indian, Biscayne Bay, America, Miami, Qatar, Israeli, City University of New York, Florida, Surfside, Surfside's, York City, United Kingdom, Japan, Germany, India, stoke, Washington , DC

☆ Analysis: Kamala Harris vs. Donald Trump is the closest presidential race of the century
▼ + stars: | 2024-09-22 | by ( Harry Enten | ) edition.cnn.com time to read: +7 min

On average, according to the latest CNN Poll of Polls, Harris is ahead by 3 points. Instead, it is a race to 270 electoral votes through the Electoral College. Per CNN’s current race ratings, Harris starts at 225 electoral votes to Trump’s 219. A win in Nebraska’s 2nd District would likely give Harris exactly 270 electoral votes when added to Michigan, Pennsylvania and Wisconsin. Some Nebraska Republicans, urged on by Trump, want to change the state’s method of allocating electoral votes to a winner-take-all format.

Persons: Donald Trump, Kamala Harris, Harris ’, Harris, Joe Biden, –, Nate Silver, Trump, he’s, Biden, SSRS Organizations: CNN, White, Republican, Electoral, CBS News, NBC News, Democratic, CBS, NBC, ABC News, Fox News, The New York Times, Siena College, Trump, Harris, Electoral College, Congressional, Trump North, Cornhusker, Nebraska’s, Nebraska Republicans, Democrat, Nebraska, Silver State Locations: Nebraska’s, Michigan, Pennsylvania, Wisconsin, Arizona, Georgia, Michigan , Pennsylvania, Nevada, North Carolina, Trump North Carolina, Maine, Omaha

☆ I moved to Bali and turned my life into a 'workcation.' There are struggles, but every day feels like a beach day now.
▼ + stars: | 2024-09-22 | by ( Kaila Yu | ) www.businessinsider.com time to read: +6 min

We stayed for 10 months and fell in love with the place for its optimal work-life balance and gorgeous weather. My current job understands my remote work lifestyle and allows me to work from anywhere. AdvertisementI miss being close to my family, but I don't miss MelbourneI don't miss Melbourne much, except for being close to family and friends. However, remote work in digital marketing has allowed me to turn my life into a workcation. I've found a way to balance work and leisure, making every day feel like a beach day.

Persons: —, Eliot Davenport, It's, I've, OnlyFans influencers, Manseen Logan Organizations: Service, Business, Bali, pats, Melbourne Locations: Melbourne, Australia, Guatemala, Peru, Colombia, Brazil, South Africa, Spain, Albania, United States, Croatia, Bali, Menjangan, West Bali, Amed, North, America, Orange County, Savannah , Georgia, mlogan

☆ I'm a working mom while my husband stays home. I've dealt with FOMO and he's felt inadequate, but our family is stronger for it.
▼ + stars: | 2024-09-21 | by ( Robin Madell | ) www.businessinsider.com time to read: +10 min

I work a full-time 9-to-5 job as a project manager and also run an e-commerce business on the side. Related storiesBalancing a full-time job, an e-commerce business, and family life is challengingI feel accomplished because I'm able to support my family through multiple income streams, which add up to over six figures. When the company where I work full-time went through a round of layoffs last year, I was extremely anxious about potentially losing our main source of income. This stress led to me being distracted during family time and occasionally snapping at my husband over minor issues. Last holiday season, I was swamped with a major project deadline at my full-time job at the same time I had a spike in online sales.

Persons: —, Michaelle Barbor, It's, I've, We've, I'm, Michaelle, She'd, we've, He'd, Jane Zhang Organizations: Service, Business, Facebook Locations: King , North Carolina

☆ Kamala Harris to skip historic Al Smith Dinner in New York before election, campaign official says
▼ + stars: | 2024-09-21 | by ( Gregory Krieg | ) edition.cnn.com time to read: +4 min

The affair – black-tie for attendees, white-tie for the headliners – is named after the first major-party Catholic presidential nominee, four-term New York Gov. Harris did tell the dinner’s organizers that she hoped to attend the event in the coming years – as president, a campaign official said. Biden was elected the following month as the nation’s second Catholic president. Gaffigan promoted the dinner on social media on September 12 in response to Trump’s announcement that he would not debate Harris again. “Vice President Harris is ready for another opportunity to share a stage with Donald Trump,” campaign chair Jen O’Malley Dillon said in a statement.

Persons: Kamala Harris, Al Smith, Donald Trump, Hillary Clinton, –, Smith, Republican Herbert Hoover, Democrat John F, Kennedy, New York Cardinal Timothy Dolan, Trump, Clinton, “, Hillary, York Cardinal Timothy Dolan, Alfred E, Jonathan Ernst, Dolan, Harris, Joe Biden, Biden, Jim Gaffigan, Gaffigan, ” Gaffigan, Jen O’Malley Dillon, “ Donald Trump, ” Trump Organizations: CNN, Catholic, New York Gov, Democratic, Republican, Democrat, White House, New York, York, Smith, Foundation, Reuters, Trump, Al Locations: New York City, Midtown Manhattan, ”, Wilmington , North Carolina

☆ Read the pitch deck that personal-shopping startup The Floorr used to raise $1.7 million in funding
▼ + stars: | 2024-09-21 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

Many have personal shoppers, people whose job it is to pull the best purses to take to brunch or jackets to wear on vacation in the Hamptons. "You think about how much power they have" — top personal shoppers can sell up to $5 million a year — "but they have no tools," she said. Not only does this segmentation create a mess for clients, it meant that personal shoppers could lose out on commissions. Along the way, the app collects data — helping personal shoppers and retailers know which products are performing better and the trends that are emerging. The Floorr shared the 12-page pitch deck it used to raise its $1.65 million round.

Persons: —, Lupe Puerta, Porter, Puerta, Bergdorf Goodman, Shopbop, Chloé, Carmen Busquets, Nigora Tokhtabayeva, they've Organizations: Service, Business, Bain, Hamptons, Prada

☆ These stocks should benefit the most as the Fed keeps lowering rates, analysts say
▼ + stars: | 2024-09-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

These companies are expected to benefit from lower interest rates over the long haul, according to analysts. They include Western Alliance , Best Buy, Coca-Cola, Zillow , UPS and FedEx. The analyst said he sees Best Buy as a key beneficiary of lower interest rates in several ways. He noted that Best Buy continues to be a worthy competitor to e-commerce juggernaut Amazon, pointing to a recent pricing study the firm conducted. Meanwhile, Best Buy shares remain undervalued compared to those of its peers in the sector, Chukumba added.

Persons: Zillow, Jay McCanless, McCanless, Wells, Chris Carey, Carey, Coke bottlers, Morgan Stanley, Anthony Chukumba, Chukumba, FedEx — Goldman Sachs, — D.A, Davidson Organizations: Federal, CNBC, Western Alliance, UPS, FedEx, Software, —

To help address some of these common skin care concerns, experts recommend swapping out your standard body lotion for a body lotion that’s specifically targeted for mature skin. I also included their recommendation for the best body lotions for mature skin along with highly rated options. SKIP AHEAD How I picked the best body lotions for mature skin | The best body lotions for mature skin | How to shop for body lotions for mature skin | Why trust NBC Select? The best body lotions for mature skin in 2024Best overall: EltaMD Skin Restore Body CreamWhen recommending lotions to her patients with mature skin, Garcia says she recommends this option from EltaMD because it improves dry skin, evens out skin tone and protects the skin barrier. How does a mature skin body lotion compare to a standard body lotion?

Persons: Annabelle Garcia, Garcia, lotions, Dr, Omer Ibrahim, shea, Augustinus Bader, Ibrahim, it’s, dermatologists, It’s, Josie Maran, Maran’s, They’re, Vitamin, they’re, Don’t, TikTok Organizations: NBC, Facebook, Twitter Locations: Chicago, shea

☆ What is F1 Academy? Here's everything you need to know about Formula 1's female-only racing series
▼ + stars: | 2024-09-20 | by ( Gregory Leporati | ) www.businessinsider.com time to read: +8 min

In many ways, F1 Academy is a spiritual successor to W Series, an all-female racing series that shuttered in 2022 because of financial problems. Where F1 Academy differs is that it has the financial backing of Formula 1 and buy-in from the sport's constructors, with each team sponsoring F1 Academy drivers. "F1 Academy is a really friendly environment and a bit different to when I've been in male paddocks with mixed competition. She previously competed in W Series and has enjoyed her time so far with F1 Academy, which she describes as a "streamlined" series. Most importantly, though, she's grateful for the amount of testing and practice time that F1 Academy provides.

Persons: —, It's, Susie Wolff, Wolff, Marta García, Williams, Venturi, Toto Wolff, James Sutton, I've, Doriane, Racing, Pin, Chloe Chambers, Chris Graythen, Chambers, Haas, she's Organizations: Formula, Service, Academy, Motorsports, F1, Formula Regional, Williams Racing, Formula E, Mercedes F1, F1 Academy, Racing Locations: Spain, Singapore, British, Jeddah, Saudi Arabia

☆ FedEx earnings miss could signal a slowing economy
▼ + stars: | 2024-09-20 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

CNN —FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this year, a sign of possible cooling in the wider economy. “The labor market is in solid condition, and our intention with our policy move today is to keep it there,” Powell said. “You can say that about the whole economy: The US economy is in good shape. The labor market is at a strong pace. Shares of FedEx had been up 21% year-to-date through Thursday’s close before Friday’s decline.

Persons: Rajesh Subramaniam, ” Subramaniam, John Dietrich, Subramaniam, ”, “, we’re, Jerome Powell, ” Powell Organizations: CNN, FedEx, Federal Reserve

☆ Up to $400 to change a lightbulb? Appliance repair costs are no joke
▼ + stars: | 2024-09-20 | by ( Stephanie Dhue | Stephanie-Dhue | ) www.cnbc.com time to read: +8 min

It sounds like the setup to a lightbulb joke: How much does it cost to change a microwave bulb? While my lightbulb situation may be somewhat unique, experts say it is not uncommon to learn the cost of repairs is more than the cost to replace an appliance. Figuring out the cost for a repairMy first call to repair our microwave was to the appliance store where I made the purchase. Several states — including California, Maine, Massachusetts, Minnesota and New York — have implemented so-called "right to repair" laws. Some products designed 'with a hostility to repair'Consumer advocates say state laws and the FTC actions help, but haven't solved the problem.

Persons: Stephanie Dhue's, Stephanie Dhue, Gay Gordon, Byrne, Gordon, they're, Nathan Proctor, we've, Alex Reinauer, Proctor Organizations: GE, GE Appliances, U.S ., Getty Images, Federal Trade Commission, Competitive Enterprise Institute, Consumer, FTC Locations: California , Maine , Massachusetts, Minnesota, New York, Colorado, Oregon, South Dakota, France

☆ This tech billionaire could be the richest in the world through stock alone a year from now
▼ + stars: | 2024-09-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

An unlikely technology billionaire could come out on top in the battle of the world's richest a year from now. That briefly positioned Ellison as the richest person in the world behind Musk and ahead of Bezos. This could boost the ex-CEO's fortune by $27.8 billion to $203.9 billion, placing him less than $3 billion behind Ellison in stock value. That could mean a windfall for CEO Huang's stock fortune, lifting his stake by $27.2 billion to $128.7 billion. Musk's Tesla stake could decline nearly 11% to $89.6 billion from roughly $100.3 billion as of Thursday's close.

Persons: Larry Ellison, Jeff Bezos, Elon Musk, Jensen Huang, Ellison, Larry, Kim Forrest, I'm, Amazon's, Tesla Organizations: Oracle, Nvidia, Bokeh Capital Partners, Federal Reserve Locations: Bezos

☆ Stock market today: US stocks end mixed but finish the week near record highs after the Fed's first rate cut in 4 years
▼ + stars: | 2024-09-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The Federal Reserve's first interest rate cut since 2020 helped drive the week's gains. The anticipation and delivery of the Federal Reserve's first interest rate cut since 2020 helped drive the gains this week. The Fed issued a jumbo 50 basis point interest rate cut to "recalibrate" monetary policy, as Fed Chairman Jerome Powell put it nine times during his FOMC speech on Wednesday. US stocks soared on Thursday after declining slightly on Wednesday, as investors had more time to digest the Fed's interest rate decision. AdvertisementThe S&P 500 and Dow Jones Industrial Average both hit record highs on Thursday.

Persons: —, Jerome Powell, Raymond James, Larry Adam, Adam Organizations: Dow, Federal, Investors, Service, Nasdaq, Dow Jones, Fed, Dow Jones Industrial

☆ The hottest AI startups are raising back-to-back funding rounds. Suddenly, it's feeling very 2021 in Silicon Valley for a chosen few.
▼ + stars: | 2024-09-20 | by ( Ben Bergman | Melia Russell | ) www.businessinsider.com time to read: +11 min

Read previewIn February, Glean announced a $200 million funding round valuing the AI enterprise software startup at $2.2 billion. AdvertisementThe transaction is the latest in a string of dizzying back-to-back funding rounds at ever-higher valuations for a handful of AI startups that stand in stark contrast to the doldrums of the overall market for startups. Earlier this year, Sakana raised $30 million in a seed funding round led by Lux Capital. Slingshot AI, which has built an automated mental health counselor, also raised separate rounds of funding just months apart. Advertisement"VCs are increasingly faced with frequent requests from their hot AI companies to follow on or double down on investments," said Iris Sun, an investor at 500 Global.

Persons: —, Glean, Arvind Jain's inbox, Jain, Steve Brotman, Perplexity, SoftBank, Sakana, Gregg Hill, that's, Matt Murphy, Dario Amodei, Kimberly White, Murphy, I'd, I've, Jenny Chang, Rodriguez, Jai Das, Rajeev Dham, couldn't, Das, Sapphire, Uber, Iris Sun, Chandrasekar Organizations: Service, Business, DST Global, Alpha Partners, Bloomberg, Google, New Enterprise Associates, Khosla Ventures, Lux Capital, Parkway Venture Capital, Menlo Ventures, Getty, Sapphire Ventures, Investments Locations: Tokyo

☆ Heavy metals may raise cardiovascular disease risk, study finds
▼ + stars: | 2024-09-20 | by ( Kristen Rogers | ) edition.cnn.com time to read: +9 min

Coronary calcium buildup causes atherosclerosis, a chronic and inflammatory cardiovascular disease marked by narrowed arterial walls and thus reduced blood flow. Environmental contaminants have been increasingly recognized as risk factors for cardiovascular disease, but the association of metals with coronary artery calcification has been “largely unknown,” the study authors said. They hypothesized that higher urinary levels of nonessential metals — cadmium, tungsten and uranium — and essential metals — cobalt, copper and zinc — that have previously been associated with cardiovascular disease may be linked with calcification. The participants didn’t already have clinical cardiovascular disease and were recruited from Baltimore; Chicago; Los Angeles; New York City; St. Paul, Minnesota; and Winston Salem, North Carolina. The trouble with measuring urinary metal levelsThe study has a few other limitations.

Persons: Drs, Sadeer, Khurram Nasir, Sanjay Rajagopalan, weren’t, ”, Katlyn, McGraw, Winston, cardiologists, Andrew Freeman, wasn’t, they’re, ” Freeman, “ It’s, ‘, Kindi, Nasir, Rajagopalan, ” McGraw, —, Freeman Organizations: CNN, American College of Cardiology, Houston Methodist, University Hospitals Harrington, & Vascular Institute, Columbia University’s Mailman, of Public Health, Jewish Health Locations: Cleveland, Baltimore, Chicago, Los Angeles ; New York City, St, Paul , Minnesota, Winston Salem , North Carolina, Denver, Columbia

☆ Katy Perry's '143' doesn't have a single redeeming song
▼ + stars: | 2024-09-20 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +7 min

Read previewIf you're a pop-music fan who spends time on the internet, you'll probably see a slew of negative reviews for Katy Perry's new album, "143." Lester Cohen/WireImageEven if you set aside the allegations against Dr. Luke, "143" doesn't make a strong case for his input. Without them, Dr. Luke and his new associates have created a pop vacuum, completely devoid of heart and personality. "Gimme Gimme," the second track featuring 21 Savage, immediately recalls the plinky snoozefest of Justin Bieber's "Changes," particularly the Quavo duet "Intentions." Final grade: 1.8/10Katy Perry's new album "143" consists of 11 standard tracks.

Persons: —, you'll, Katy Perry's, Perry, they'd, Luke, Rocco Valdes —, Dr, hadn't, Kesha, countersued, Alex Cooper, Valdes, Aaron Joseph, Vaughn Oliver, Theron Thomas, Luke's, Kemosabe signees, Perry didn't, Katy Perry, Cirkut, Lester Cohen, Max Martin, Benny Blanco, Savage, Justin Bieber's, Luke disciple Kim Petras, Kylie Minogue knockoff, JID, who's, We're, syrupy, Kim Petras Organizations: Service, Business, Kemosabe Records, Capitol Records, Capitol Records Worth, Press Locations: California

Meanwhile, Morgan Stanley downgraded PepsiCo to equal weight. 7 a.m.: FedEx could slide more than 30% as 'structural challenges' are here to stay, Morgan Stanley says Morgan Stanley analyst Ravi Shanker downgraded FedEx to underweight from equal weight after the shipping company's earnings came in below expectations. — Pia Singh 6:33 a.m.: E-commerce stock MercadoLibre has more than 18% upside, according to Morgan Stanley Morgan Stanley is bullish on Argentine e-commerce firm MercadoLibre . — Pia Singh 5:49 a.m.: Evercore ISI hikes Amazon price target Evercore ISI is betting big on Amazon's streaming service. — Pia Singh 5:49 a.m.: Morgan Stanley downgrades PepsiCo Don't expect PepsiCo shares to make much headway going forward, according to Morgan Stanley.

Persons: Morgan Stanley, Ravi Shanker, Shanker, — Pia Singh, Morgan Stanley Morgan Stanley, Andrew Ruben, Ruben, Morgan Stanley downgrades ASML, ASML, Lee Simpson, Simpson, Mark Mahaney, Mahaney, Andy Jassy, Dara Mohsenian, OSG, Mohsenian, Fred Imbert Organizations: CNBC, ISI, PepsiCo, FedEx, Semiconductor, Intel, NBA, Amazon Prime, Amazon, Pepsi Locations: FedEx's, Argentine, Argentina, Netherlands, China, Thursday's

☆ Here are Friday's biggest analyst calls: Apple, Tesla, Sunrun, FedEx, Reddit, Amazon, Nio, Capital One, Nike & more
▼ + stars: | 2024-09-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley upgrades Centessa Pharmaceuticals, to overweight from equal weight Morgan Stanley said in its upgrade of Centessa that it's bullish on the biopharma company's narcolepsy treatment. Morgan Stanley downgrades Pepsi to equal weight from overweight Morgan Stanley said it sees "topline softness." Morgan Stanley names Nio a research catalyst idea Morgan Stanley said it's bullish on Nio after the China electric vehicle company debuted its latest model, the L60. Morgan Stanley downgrades FedEx to underweight to from equal weight Morgan Stanley downgraded FedEx following its disappointing earnings report on Thursday. Morgan Stanley reiterates Sunrun as overweight Morgan Stanley said the solar company has more room to run and that it's long term bullish on the company's partnership with Costco.

Persons: Jefferies, Morgan Stanley, Morgan Stanley downgrades Pepsi, Key, it's bullish, Riley, Reddit, Nio, it's, Bernstein downgrades Darden, Bernstein, Olive, DRI, Morgan Stanley downgrades ASML, Wells, Susquehanna, Evercore, Sunrun, Tesla, Mercado Organizations: Duke Energy, Centessa Pharmaceuticals, Amkor, China, UBS, Apple, RBC, FedEx, Deutsche Bank, American Airlines Deutsche, Susquehanna, Darden, Costco, Bank of America, Citi, Nike, Mercado Libre, Clearway Energy Locations: Nio, tailwinds, Olive, Argentina

☆ FedEx creates a hurdle for stock market bulls with the Dow at record highs
▼ + stars: | 2024-09-20 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

That rally may not be sustainable, based on the venerable " Dow Theory ." The century-old Dow Theory looks at the relationship between the Dow Industrials and the Dow Transports , and argues that market trends must be confirmed by both groups. In other words, if the Dow Industrials are going lower, then Transports most also be falling to confirm a prolonged negative run. Right now, investors are presented with the Dow Industrials at all-time highs and Transports barely positive for the year. FDX 5D mountain FDX year to date To be sure, other market trends paint a more positive picture.

Persons: Jonathan Krinsky, Mark Mahaney Organizations: Dow Jones, Dow, Dow Transports, Transports, FedEx, UPS, Tech, Energy, NBA

☆ Family offices are the most bullish they've been in years, survey says
▼ + stars: | 2024-09-20 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

Family offices are the most bullish they've been in years, putting their cash to work in stocks and alternatives as the Fed starts to cut interest rates, according to a new survey. Nearly all family offices, 97%, expect positive returns this year, and nearly half expect double-digit gains, according to Citi Private Bank's 2024 Global Family Office Survey. With interest rates heading down, family offices are also regaining their appetite for stocks. More than a third, 39%, of family offices plan to increase their allocation to developed-market equities, mainly the U.S., while only 9% plan to trim their equity exposure. That comes after 43% of family offices increased their exposure to public stocks last year.

Persons: Robert Frank, they've, Hannes Hofmann Organizations: Citi, Citi Private Bank

☆ How to take care of leather
▼ + stars: | 2024-09-19 | by ( Bethany Heitman | Bethany Heitman Is A Contributing Editor At Nbc Select. | ) www.nbcnews.com time to read: +9 min

According to textile and cleaning experts we spoke with, taking care of leather goes beyond simply wiping it down occasionally. To help you with your leather pieces, we got advice on how to best care for your leather and insight on what damages it and how to use a leather conditioner. | How to take care of your leather | How to use a leather conditioner | 5 highly rated leather conditioners | Why trust NBC Select? How to take care of your leatherThe good news: Taking care of leather is relatively easy. This non-toxic leather conditioner is free of harsh solvents and silicone and can be used on all leather items.

Persons: ”, Simon Elliott, you’ll, Elliott, Salvador Villarreal, Salvador, Bethany Heitman, TikTok Organizations: NBC, ., Clifton, Salvador Villarreal, Facebook, Twitter Locations: San Diego , California

☆ Stock futures are little changed after Dow closes above 42,000 for the first time: Live updates
▼ + stars: | 2024-09-19 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) on the first trading day of 2024 on January 02, 2024 in New York City. Futures tied to the S&P 500 inched lower by 0.12%. Dow futures hovered near the flatline, while Nasdaq 100 futures slipped 0.21%. Unemployment data, along with the Fed's half-point rate cut on Wednesday, seemed to bolster investors' sentiment. The three major averages are on pace for weekly gains, with the S&P 500 up nearly 1.6% through Thursday's close.

Persons: John Donahoe, Stocks, Dow, Chris Larkin, Morgan Stanley Organizations: New York Stock Exchange, Stock, Dow Jones, Federal, Dow, Nasdaq, Shipping behemoth FedEx, Nike Locations: New York City, Thursday's

☆ This trade was the biggest post-Fed winner
▼ + stars: | 2024-09-19 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

It looks like small caps were the winning trade following the Federal Reserve's supersized rate cut on Wednesday . With that, the fund has climbed 3.1% this week and 10.2% in the third quarter alone, double the return of the S & P 500 in each period. Large-cap stocks easily outperformed small caps in five of eight instances when the Fed was lowering rates, small caps outperformed twice and in one case, 1995, there was virtually no difference. Regime Indicator to 'Downturn' all support our preference for large vs small [stocks]," the analysts wrote. In Thursday's session, the S & P jumped 1.7% to a fresh all-time high, topping the 5,700 mark for the first time.

Persons: Russell, Clinton Organizations: Fed, Strategas Securities, Federal, Bank of America, U.S

Amelia is the latest generative AI tool that Amazon has brought to market in the past year as it seeks to capitalize on the hype sparked by OpenAI's ChatGPT. The company has introduced an AI-powered shopping assistant named Rufus, a chatbot for businesses dubbed Q and Bedrock, a generative AI service for cloud customers. More than 400,000 of Amazon's millions of third-party sellers have used its AI listing tool, up from 200,000 in June, he said. With Amelia, Amazon is counting on generative AI to help with a key issue for third-party merchants — account troubleshooting. Amazon said the tool uses retrieval-augmented generation, or RAG, a popular AI industry framework that combines generative AI with long-established methods of information retrieval.

Persons: Nathan Stirk, Amelia, OpenAI's ChatGPT, Rufus, Anthropic, Andy Jassy, Jassy, Thos Robinson, it's, Dharmesh Mehta, Mehta Organizations: Getty, Central, CNBC, New York Times, Google, Microsoft, Merchants Locations: New York City, Seattle .

☆ Here are Thursday's biggest analyst calls: Nvidia, Tesla, Apple, Nio, DoorDash, Robinhood, Alphabet, Micron & more
▼ + stars: | 2024-09-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley reiterates Apple as overweight The firm said iPhone 16 demand may not be as bad as feared after comments from the T-Mobile CEO. Morgan Stanley reiterates Nio as overweight Morgan Stanley said it's bullish on the EV company as Nio unveils its latest mid-sized family model, the L60. " Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's concerned about the company's robotaxi event but that it's standing by the stock. Morgan Stanley downgrades Elanco to equal weight from overweight Morgan Stanley said it "lacks conviction" in shares of the pet biopharma company. "We are initiating on Coursera (COUR) with a Buy rating and a PO of $11 (44% upside potential).

Persons: Morgan Stanley, Apple, TMUS, Piper Sandler, Robinhood, Piper, KeyBanc, Redburn, Mizuho, Raymond James, Nio, it's bullish, TD Cowen, Cowen, Tesla, it's, Hertz, Wells, Morgan Stanley downgrades Elanco, rideshare Organizations: Mobile, Apple Intelligence, JPMorgan, Gas Sciences, Kodiak Gas Services, Talos Energy, Northern Oil, Nio, Micron, Barclays, UW, Laboratories, Abbott Laboratories, Outfront Media, " Bank of America Locations: Kodiak

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