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☆ Does height matter in football? Yes, but not in the way you might think
▼ + stars: | 2024-10-25 | by ( Liam Tharme | ) www.nytimes.com time to read: +11 min

GO DEEPER Short centre-backs: How much does size matter in the Premier League? The decline of the small midfielder has been a league-wide trend in the Premier League in the last four years. Last season, the taller trend stopped, City’s minutes to smaller players went up and taller players back down. GO DEEPER Short centre-backs: How much does size matter in the Premier League? That tends to suit taller players, or short(er) ones who have exceptional speed, positioning and decision-making.

Persons: d’Or, Lionel Messi, Lionel Messi’s, Rich Storry, Bayer, Germain, Costel, Antonio Conte, Stefano Piolo, taka, StatsBomb, Rico Lewis, Pep Guardiola, Shaun Botterill, Guardiola, Lewis, Erling Haaland’s, Phil Foden, Bernardo Silva, Arsenal’s, David Raya, Emmanuele, Mikel Arteta, ” Arteta, Napoleon, William Saliba's, Mikel Arteta's, That's, ike Organizations: Ballon, University of Wolverhampton, Inter Milan, Bayer Leverkusen, Manchester City, Paris Saint, Leverkusen, Serie, Inter, Premier League 183.3 Manchester City, Ligue, PSG, La Liga 181.8 Real Madrid 181.3, Bundesliga, Premier League, La Liga, A, Romania, AC Milan, Spanish, Premier League ? Football, ”, Arsenal, Bournemouth, Premier League’s, Getty, 😬# Locations: U.S, England’s, Paris, Real Madrid, Germany, Spain, La, Manchester, David

☆ More than 130 Israeli reservists sign letter refusing to fight in Gaza and Lebanon
▼ + stars: | 2024-10-25 | by ( Zeena Saifi | ) edition.cnn.com time to read: +9 min

Since then, he has spent more than 230 days serving with the Israeli military in Gaza. Max Kresch served on Israel’s border with Lebanon for 66 days after October 7. Max Kresch served for nearly 70 days on the Israel-Lebanon border and feels like the Israeli government has betrayed his trust throughout the war. Like Kresch and Vilk, he believed it was necessary to fight Hamas on October 7, but to what end? Back in May, more than 40 reservists signed a letter after Israeli forces invaded the southern Gazan city of Rafah.

Persons: CNN —, Yotam Vilk wasn’t, –, “, ”, Benjamin Netanyahu, Yoav Gallant, he’d, Netanyahu, Vilk, Max Kresch, Kresch, he’s, ” Israel’s, Itamar Ben Gvir, Ben Gvir, ” Kresch, ‘, “ We’re, haven’t, Miri Regev, …, ” Vilk, wasn’t Organizations: CNN, West Bank, National, Hezbollah, Transportation, Kann, refusals Locations: Israel, Gaza, Lebanon, Lebanese, Jerusalem, Iran, Gazan, Rafah, United States

☆ The last time markets were this good was 20 years ago. Can we keep it up?
▼ + stars: | 2024-10-25 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

Until this week’s pullback, the market’s recent performance told a remarkable story. The S&P 500 rose for 37 of the last 51 weeks, matching a record reached in both 1989 and 2004. Political uncertaintyWith polls showing a tight race for the White House, investors have been increasingly on edge about the prospect of former President Donald Trump winning the election. While polls remain effectively dead even, political betting markets have swung in Trump’s favor since the start of this month. Deutsche Bank analysts warn that the recent rally may be difficult to sustain given these historically high valuations.

Persons: Donald Trump, Trump, ” Steven Ricchiuto, Henry Allen, it’s Organizations: New, New York CNN, Dow, Nasdaq, White House, Mizuho Securities, –, Deutsche Bank, Apple, Microsoft, Presidential, Federal Locations: New York, Israel

The rise of online betting has led the commercial gambling industry to balloon worldwide, posing a significant threat to public health, according to a new report. The report, published Thursday, comes from a public health commission on gambling convened by the medical journal The Lancet. The report highlighted the role online gambling has played in the rising availability of commercial gambling as a whole. Belgium, the Netherlands and Ontario, for example, have varying restrictions on gambling advertising, including online gambling. A 2015 paper found that online gambling could lead to the emergence or aggravation of gambling problems.

Persons: “ We’re, ”, Louisa Degenhardt, Heather Wardle, “, FanDuel, Alan Feldman, Feldman, Wardle Organizations: University of New, D.C, American Gaming Association, Pew, University of Glasgow, University of Nevada, Las Vegas, Gaming Institute, MGM, Council for Responsible Gaming Locations: University of New South Wales, Sydney, U.S, Washington, Scotland, Belgium, Netherlands, Ontario, Germany, Spain, Sweden, Norway, Massachusetts , Illinois, Virginia, Pennsylvania, Las

Their memories are so short,” the man said, incredulous that any union member in Wisconsin is now backing Trump. Teamsters members who backed Harris carried out what’s considered by the campaign to be among the most persuasive of arguments: those made peer to peer. After the news broke that the national organization wouldn’t endorse Harris, however, local Teamsters groups, including many of the largest, swiftly backed Harris. Trump’s a scab!”The United Auto Workers union, which has a vast representation in the swing state of Michigan, has also put its weight behind Harris. It’s my tax money going to union workers,” Jones said.

Persons: Kamala Harris, Scott Walker’s, Donald Trump, “, Trump, ”, Harris, Tim Walz, Democratic Sen, Tammy Baldwin, what’s, Elon Musk, ” Josh Orton, Harris ’, Bill Carroll, Mandel Ngan, Sean O’Brien, Joe Biden, Karoline Leavitt, ” Leavitt, Leavitt, Jim Ridderbush, ” Ridderbush, didn’t, Shawn Fain, Biden, John A, Daniel Jones, “ That’s, ” Jones, “ Donald Trump, he’d, Scott Walker, Tesla, “ I’m Trump, ” Jacob Ralph, Lori Jensen, Sean O’Brien didn’t, Sean, “ I’ll Organizations: Teamsters, Republican Gov, Gov, Democratic, Trump, NBC News, Getty, International Brotherhood of Teamsters, United Food, Commercial Workers, “, United Auto Workers union, Biden, Neenah Locations: OSHKOSH, Wisconsin, Foxconn, Michigan, Pennsylvania, Madison, Wis, AFP, Green Bay, Oshkosh, Duluth , Minnesota, Superior , Wisconsin

☆ 33+ best gift ideas for men in 2024
▼ + stars: | 2024-10-24 | by ( Cory Fernandez | Cory Fernandez Is A Commerce Editor For Select On Nbc News. | ) www.nbcnews.com time to read: +22 min

Brainstorming great gift ideas for men in your life, whether it’s your husband, boyfriend, dad or brother, goes a long way in making their holiday memorable. To find the best gift ideas for men, I gathered a long list of products and even got recommendations from my fellow NBC Select editors and writer, who tests hundreds of products every year. SKIP AHEAD The best tech gifts for him | The best food and home gifts for him | The best fitness and wellness gifts for him | The best apparel and accessories gifts for him | Why trust NBC Select? The Amazon Echo Dot is a great gift idea for someone who wants to have a “smart home” but doesnt know quite where to start. The Theragun Mini Massage Gun is a great gift idea for someone who regularly works out and wants to improve their recovery time.

Persons: Apple, Marshall, Jordan Bowman, Bowman, ”, they’ve, Bianca Alvarez, she’s, “, gifting, Alvarez, It’s, Lauren Swanson, They’re, Zoe Malin, Swanson, Harry Rabinowitz, Rabinowitz, Surie, Rosalie Sparaco, I’ve, Le Labo, Abercrombie &, Buck Mason, Steve Madden, TikTok Organizations: NBC, Apple, Apple Watch, Amazon, Bluetooth, Bose, Anker Power Bank, Press, Chicago Marathon, Clifton, Garmin, Adidas, Abercrombie, Abercrombie & Fitch, TSA, Facebook, Twitter Locations: New York City, stow, Lululemon, Patagonia

☆ Tesla shares jump on profit beat, Elon Musk's prediction of at least 20% 'vehicle growth' next year
▼ + stars: | 2024-10-24 | by ( Lora Kolodny | ) www.nbcnews.com time to read: +6 min

Automotive revenue increased 2% to $20 billion from $19.63 billion in the same period a year earlier and is about flat since late 2022. Energy generation and storage revenue soared 52% to $2.38 billion, while services and other revenue, which includes revenue from non-warranty repairs of Tesla vehicles, jumped 29% to $2.79 billion. Earlier this month, Tesla reported third-quarter vehicle deliveries of 462,890. While deliveries increased 6% from a year earlier, they fell shy of analysts’ expectations and followed two straight quarters of year-over-year declines. “Despite ongoing macroeconomic conditions, we expect to achieve slight growth in vehicle deliveries in 2024,” the company said in its earnings deck Wednesday.

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

☆ Chinese influence operation targets U.S. down-ballot races, Microsoft says
▼ + stars: | 2024-10-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

An army of Chinese-controlled social media bots is attempting to influence voters in Alabama, Texas and Tennessee while denigrating Sen. Marco Rubio of Florida, according to research published Wednesday by Microsoft. The troll network has “parroted antisemitic messages, amplified accusations of corruption and promoted opposition candidates,” according to Microsoft. The bots amplified support for Blackburn’s election rival while spreading claims that she took money from pharmaceutical companies. Moore, McCaul and Blackburn are all running for re-election next month. The Microsoft researchers found the influence effort did not result “in high levels of engagement.” The report did not provide any metrics for how many Americans viewed the relevant social media posts.

Persons: denigrating Sen, Marco Rubio, Barry Moore of, Michael McCaul of, Sen, Marsha Blackburn of, Rubio, China “, Moore, McCaul, ”, Madison Green, Israel, —, China — Organizations: Microsoft, China’s Public Security Ministry, Embassy, Blackburn, Senate Intelligence Committee, Moore, Chinese Communist Party, CCP, National Intelligence, Reuters Locations: Alabama , Texas, Tennessee, Marco Rubio of Florida, Barry Moore of Alabama, Michael McCaul of Texas, Marsha Blackburn of Tennessee, Washington, China, U.S, Israel, Russia, Iran

LOS ANGELES — Dueling lawsuits against UCLA each describe a rise in antisemitic and anti-Palestinian bias since protests erupted on campus last year over the Israel-Hamas war. “UCLA has failed to provide Jewish students, faculty, and staff with the protection promised by such policies," the amended complaint says. Both complaints refer to task forces UCLA established to examine antisemitism and Islamophobia on campus. The antisemitism report was released this month, and the one on anti-Palestinian and anti-Muslim bias came out in May. Some pro-Israel students and faculty members said they did not feel safe walking to classes, and pro-Palestinian protesters said they were increasingly subjected to violence and suppression.

Persons: counterprotests, “, ”, Graeme Blair, counterprotesters Organizations: UCLA, American Civil Liberties Union of, University of California, Regents, UC, “ UCLA, ”, Israel, Jewish, University, Los Angeles, Police Locations: Israel, American Civil Liberties Union of Southern California, Gaza, Los

If you’re in a similar situation, you can peruse my list of the best gifts for someone you don’t know. SKIP AHEAD The best gifts for someone you don’t know in 2024 | Why trust NBC Select? Stationery sets and notebooks are some of our go-to items when it comes to buying gifts for someone you don’t know. One of the best gifts I’ve ever received is this reusable water bottle from Hydro Flask. I’m an associate reporter covering skin care and hair care and frequently write about new products for NBC Select.

Persons: I’ve, ”, Rebecca Rodriguez, “ I’ve, I’m, Zoe Malin, Lindsay Schneider, Malin, “, that’s, terry, Frank Stella, Schneider, Goetz, They’re, Le Creuset, Le, Cory Fernandez, Mili Godio, wicks, Fernandez, TikTok Organizations: NBC, Le, Stationery, Nordstrom, Facebook, Twitter

☆ Here are Oppenheimer's best stock ideas heading into November
▼ + stars: | 2024-10-24 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Looking ahead to November, Oppenheimer has updated its top stock ideas list, which features additions such as CarMax , Mastercard and Atlassian . He has an outperform rating on the stock, and his price target implies nearly 26% upside from Wednesday's close. Analyst Ittai Kidron has an outperform rating on the stock, and his $230 target reflects nearly 22% upside, as of Wednesday's close. That implies more than 15% upside from Wednesday's close. Evercore ISI also added Broadcom to its top chip stock picks ahead of its earnings report later in the year.

Persons: Oppenheimer, Michael Wiederhorn, Cigna, Ittai Kidron, Kidron, Atlassian, Morgan Stanley, Rick Schafer, Schafer, Hock Tan Organizations: Dow Jones, Nasdaq, Mastercard, Dick's Sporting Goods, Bloomberg, Humana, Bloomberg News, Broadcom, ISI

☆ What to do with Honeywell stock after its sharp post-earnings pullback
▼ + stars: | 2024-10-24 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

Dow stock Honeywell was one of the biggest drags on the 30-stock average Thursday after Club industrial giant reported mixed third-quarter results compounded by a mixed outlook. HON YTD mountain Honeywell YTD Honeywell shares sinking 4.5% after the release was understandable but represents an opportunity. Honeywell Why we own it: Honeywell is a provider of industrial technology solutions to companies in various industries. Sales were revised lower because the short cycle recovery in the company's industrial automation segment is not materializing as quickly as management was expecting. Honeywell International Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York.

Persons: we're, Vimal Kapur, Kapur, Kupar, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Dow, Honeywell, Emerson, CAES Systems, Air Products, Aerospace Technologies, CNBC, Honeywell International Inc, New York Stock Exchange, Bloomberg, Getty Locations: New York

The creator economy is dominated by Big Tech, but a new set of startups is finding ways to break in. From influencer marketing to AI tech, here are 13 startups to watch in 2024, according to investors. AdvertisementGoldman Sachs estimated the creator economy could hit $480 billion annually by 2027, driven largely by influencer marketing and advertising revenue. Creator startups that build with artificial-intelligence tech, such as Delphi and Merse, have also become a focus among investors. Here are those 13 creator startups to watch in 2024, listed in alphabetical order:

Persons: —, Alejandro Oropeza, Goldman Sachs Organizations: Big Tech, Business, Service, Google, Venture, Delphi

☆ US attack submarine crew picks up top award for 'demanding' spy operations
▼ + stars: | 2024-10-24 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

The USS Washington submarine was awarded the Presidential Unit Citation after a series of secret intel operations. The PUC is the highest unit award in the US Department of Defense. AdvertisementA US attack submarine crew was honored with a top award after running "demanding" secret intelligence-gathering missions. The crew's recent deployment involved "three demanding missions vital to national security that resulted in obtaining sensitive and unique intelligence information," the Navy said. The Virginia-class fast-attack submarine USS Indiana surfaces in the Beaufort Sea during Operation Ice Camp.

Persons: —, Timothy Poe, Joe Biden, Ace Foster, Rob Gaucher Organizations: USS, intel, PUC, US Department of Defense, Service, Sixth, Submarine Forces Atlantic, Navy, Camp, US Navy, Ace, Department of Defense, Submarine Forces, Huntington Ingalls Industries, General Dynamics ' Locations: USS Washington, Virginia, Russia, Europe, Africa, Washington, Indiana, Beaufort, III Virginia

☆ CNBC's Inside India newsletter: A poorly timed IPO?
▼ + stars: | 2024-10-24 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

Shares of carmaker Hyundai 's Indian subsidiary started trading this week with much anticipation, only to drop by some 7% on its debut. Despite such success, it appears as if the stock market has given Hyundai the cold shoulder this week. First, the money raised by the stock market listing is being fed back to Hyundai's Korean parent. With the listing, the Indian subsidiary now commands nearly half the market capitalization of its Korean parent. However, the Indian subsidiary must now pay a flat 3.5% of total revenue going forward.

Persons: Ashish Vaishnav, Hyundai, it's, Gaurav Narain, Maruti Suzuki, China's, Narain, Kapil Singh, Singh, Ashish Jain, Pratik Organizations: Hyundai, Getty, Investors, Growth Fund, London Stock Exchange, ICG, Federated Hermes Global Emerging Markets Equity Fund, Maruti, Equity, Macquarie Locations: MUMBAI, MAHARASHTRA, INDIA, Mumbai, India, Korea, Hyundai India

☆ Tesla shares are soaring After EV maker's earnings report. What analysts are saying
▼ + stars: | 2024-10-24 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

TSLA YTD mountain Tesla stock in 2024. Jonas reiterated his overweight rating on Tesla stock, and his price target implies 45% upside. Wells Fargo, $125 per share price target Wells Fargo isn't a buyer after the strong results, citing high valuations. His neutral rating and $250 per share price target implies roughly 17% upside ahead. Barclays, $220 per share price target Barclays had positive takeaways from the report but reaffirmed that questions remain around Tesla's artificial intelligence and full self driving initiatives.

Persons: Elon Musk, Tesla, they're, Morgan Stanley, Morgan Stanley's Adam Jonas, Jonas, Wells, Colin Langan, Langan, Goldman Sachs, Mark Delaney, Delaney, Dan Levy, Levy, John Murphy, Murphy Organizations: FactSet, Tesla, Barclays, Bank of America Locations: Texas, California, Shanghai

☆ Dollar stands tall on bets for slower Fed cuts, potential Trump win
▼ + stars: | 2024-10-24 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar traded close to a three-month high against major peers on Thursday, underpinned by expectations for a slower pace interest rate cuts by the Federal Reserve and growing bets of a possible second Donald Trump presidency. The U.S. dollar traded close to a three-month high against major peers on Thursday, underpinned by expectations for a slower pace interest rate cuts by the Federal Reserve and growing bets of a possible second Donald Trump presidency. This week, Kansas City Fed President Jeffrey Schmid said he would prefer to "avoid outsized moves", and Philadelphia Fed President Patrick Harker backed "a slow, methodical approach" to further easing. The dollar has now "punched through key technical resistance levels" against the yen, "opening the door for higher levels", Catril said. Although opinion polls indicate a neck-and-neck race with Democratic rival, Vice President Kamala Harris, cryptocurrency-prediction exchange Polymarket has seen a sharp rise in bets for a Trump win.

Persons: Donald Trump, Jeffrey Schmid, Patrick Harker, Rodrigo Catril, Catril, Trump, Kamala Harris, Christine Lagarde, Mario Centeno Organizations: U.S ., Federal Reserve, Kansas, Philadelphia Fed, Treasury, National Australia Bank, UST, Republican, Democratic, Trump, of, Traders, European Central Bank, Wednesday Locations: Japan, Sunday's

☆ These stocks reporting earnings next week, including Meta, have history of beating estimates
▼ + stars: | 2024-10-24 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

A handful of stocks that are on deck to report earnings have historically surpassed Wall Street estimates and seen shares move the day they report. The 24% of S & P 500 companies that have reported quarterly results have so far collectively notched roughly 2% earnings growth. Some of the biggest companies set to report next week include Meta Platforms and Mastercard . The stock typically beats analysts' estimates 80% of the time or more. The stock has averaged a gain of more than 2% the day after each earnings report.

Persons: Mark, Justin Post, Morgan, James Faucette Organizations: Wall, Mastercard, Investment, Facebook, Bank of America, FactSet, Visa, Trimble Inc

Mārtiņš Kazāks, governor of the Bank of Latvia and a member of the European Central Bank's Governing Council, on Thursday weighed in on the possibility of a jumbo half-point interest rate cut for December. When asked for his views on a 50-basis rate cut by the ECB at its next meeting, he said that "everything should be on the table." "But we will have that discussion in December," he told CNBC's Karen Tso at the IMF's annual meetings in Washington, D.C. Thursday. His comments come after the ECB delivered a back-to-back interest rate cut for the first time in 13 years at its October meeting. It also comes a day after Portuguese central bank chief Mario Centeno made similar comments.

Persons: Mārtiņš Kazāks, CNBC's Karen Tso, —, Mario Centeno, Centeno Organizations: Bank of, European Central Bank's Governing, ECB, CNBC Locations: Bank of Latvia, Washington ,, Portuguese

☆ Industrial AI play Dover falls on a noisy quarter. Here's why we'd buy the dip
▼ + stars: | 2024-10-24 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

Dover on Thursday reported weaker-than-expected third-quarter results, pressuring shares of the industrial conglomerate with ties to AI data centers. Dover Why we own it : We own Dover as an industrial turnaround story with exposure to mega-themes, most notably the data center buildout to support artificial intelligence computing. That created headlines that implied Dover cut its full-year guidance, but in reality executives warned in advance that sales growth and earnings projections would be altered. To be sure, we are restricted from trading Dover's stock for the next 72 hours because Jim Cramer on Thursday mentioned the company on CNBC TV. Dover considers those areas its "growth platforms," and their increasing share of the portfolio carries positive implications for Dover's margins.

Persons: We're, Ingersoll Rand, Dover, Richard Tobin, Tobin, Jim Cramer, DOV, Dover's, —, Danaher, Jim Cramer's, Jim, Jason Marz Organizations: IDEX Corp, Management, CNBC, Dover, Mizuho Securities, Club Locations: Dover, Veralto, Europe

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

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

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

☆ Traders seeing possible opportunity in Starbucks and high-yield bonds ahead of Thursday's session
▼ + stars: | 2024-10-24 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +2 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Plus, they are reacting to Tesla earnings and watching an interesting bond opportunity outside of Treasuries. Worldwide Exchange pick: Starbucks Earlier this week, Starbucks (SBUX) pulled its profit outlook and said sales last quarter tumbled in a release of preliminary results. Opportunity in high yield bonds Joanna Gallegos of BondBloxx said while Treasury yields are higher since the Federal Reserve rate cut in September, she is seeing the best opportunity in high yield bonds. She recommended high yield bond ETFs: BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) with a yield above 10% and the BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) with a yield above 6%.

Persons: Tesla, George Gianarikas, Cannaccord Genuity, Matt Powers, Brian Niccol, Joanna Gallegos, BondBloxx, Gallegos Organizations: PRO, Worldwide, Starbucks, Powers Advisory, Federal Locations: Treasuries

☆ Britain announces major change to fiscal rules to free up billions in spending
▼ + stars: | 2024-10-24 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

U.K. Finance Minister Rachel Reeves on Thursday confirmed she intends to change the country's fiscal rules in the October budget, a move designed to free up billions of pounds for investment. Writing in The Financial Times on Thursday, Reeves said her "investment rule" will "get debt falling as a proportion of our economy." A Treasury spokesperson declined to comment when asked whether the fiscal rule change would target PSNFL in the U.K.'s measure of debt. The Institute for Fiscal Studies, an influential think tank, said on Sept. 30 that a change in the fiscal rules to target PSNFL would offer as much as £50 billion ($64.8 billion) of additional headroom for the government. Reeves confirmed the change to Britain's fiscal rules during a trip to the International Monetary Fund's annual meetings in Washington.

Persons: Rachel Reeves, Labour government's, Reeves, Keir Starmer Organizations: Britain's, Finance, Labour, Financial, Treasury, Fiscal Studies, International Monetary Locations: Washington

☆ Why Walmart stock keeps hitting new highs, making the Waltons richer than ever
▼ + stars: | 2024-10-24 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +7 min

Walmart stock has soared 58% this year to record highs, making its founding family richer than ever. Retail legend Sam Walton's three surviving children are each worth more than $100 billion. Walmart and the Waltons have benefited from a signature strategy and cost pressures on consumers. The stock surge has added more than $32 billion to the fortunes of each of founder Sam Walton's three surviving children — Jim, Rob, and Alice. But it's true the vast majority of the family fortune remains in the hands of Sam Walton's children.

Persons: Sam Walton's, —, they're, Jim, Rob, Alice, Elon Musk, David King, who've, King, Art Weinstein, Florida who's, Weinstein, Sam Walton shrewdly, . King, Jeff Bezos, Mark Zuckerberg, Sam Walton, John T, Lukas Walton, it's Organizations: Walmart, Waltons, Service, Bloomberg, Elon, Sam's, Management, Florida State University, Logistics, Procter, Nova Southeastern University, Tech, Tesla, SpaceX, Amazon Locations: Florida

☆ BTIG warns of a 5% stock market pullback in the coming weeks
▼ + stars: | 2024-10-24 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 suffered its first three-day decline since early September. Chief market technician Jonathan Krinsky noted a "decent probability" the broad market index could fall as much as 5% to roughly 5,500 in coming weeks. The S & P 500 has pulled back this week from record highs reached just Oct. 17. Krinsky pointed to the recent move higher in Treasury yields as the key catalyst. Elsewhere on Wall Street this morning, JPMorgan reiterated Live Nation with an overweight rating and raised a $137 price target, implying upside of more than 19%.

Persons: BTIG, Jonathan Krinsky, Krinsky, Tesla Organizations: UPS, JPMorgan

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