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☆ Hamas was 'laying a trap' for Israel by attacking, and is goading it to invade Gaza: Ex-MI6 chief
▼ + stars: | 2023-10-12 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

A former UK intel chief said Hamas "laid a trap" for Israel. He said the militant group was provoking Israel to invade Gaza. AdvertisementAdvertisementAttacks by the Hamas militant group were likely a ploy to lure Israel into a costly ground invasion of Gaza, the former head of Britain's MI6 spy agency said. Roberto Serra - Iguana Press/Getty Images"And it's really obvious now that Hamas are essentially laying a trap for Israel," said Younger. There are fears the conflict could expand if Israel invades Gaza, and Iran-backed militia Hezbollah could launch attacks on Israel from Lebanon.

Persons: —, Israel, Alex Younger, Sir Alex Younger, Roberto Serra, ", Benjamin Netanyahu Organizations: intel, Hamas, Service, Gaza, UK Intelligence Service MI6, Palace, Iguana Press, Hezbollah Locations: Israel, Gaza, Trento, Trentino, Italy, Iran, Lebanon

☆ Phoenix's big moment: How Mayor Kate Gallego is capitalizing on the 'semiconductor revolution' to establish the next global city
▼ + stars: | 2023-10-12 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Phoenix, Arizona, is the center of the US's burgeoning semiconductor chip industry . "We're still trying to prove ourselves as an important global city," Gallego told Insider. AdvertisementAdvertisementPhoenix's semiconductor industry could face some challengesIn the years ahead, Phoenix's economy and international reputation seem poised to benefit from the semiconductor boom. The first of the two TSMC chip factories has faced construction delays and accusations of management and safety issues. "It is the most complex project that I have seen in our city," Gallego said of TSMC's Phoenix factory.

Persons: isn't, Kate Gallego, —, We're, Gallego, Joe Biden, Gina Raimondo, she's, Patrick Semansky, wasn't, Jacob Zinkula, there's Organizations: Service, Philadelphia, Intel, US, Harvard, Phoenix, . Airlines, Taiwan Semiconductor Manufacturing Company, AP, Deloitte Locations: Phoenix, Arizona, , Arizona, United States, isn't, Taiwan, Asia, New Mexico, South Korea, Japan, California

☆ Iran intelligence: Initial US intel suggests Tehran was surprised by the Hamas attack on Israel
▼ + stars: | 2023-10-11 | by ( Zachary Cohen Katie Bo Lillis Natasha Bertrand Jeremy Herb | Zachary Cohen | Katie Bo Lillis | ) edition.cnn.com time to read: +3 min

CNN —The United States has collected specific intelligence that suggests senior Iranian government officials were caught by surprise by Saturday’s bloody attack on Israel by Hamas, according to multiple sources familiar with the intelligence. The existence of the intelligence has cast doubt on the idea that Iran was directly involved in the planning, resourcing or approving of the operation, sources said. The sources stressed that the US intelligence community is not ready to reach a full conclusion about whether Tehran was directly involved in the run-up to the attack. They continue to look for evidence of Iranian involvement, which caught both Israel and the United States by surprise. “We’re looking to acquire further intelligence,” national security advisor Jake Sullivan told reporters at the White House on Tuesday.

Persons: Mike McCaul, “, Tehran doesn’t, Jake Sullivan, ” Organizations: CNN, Capitol, Foreign, Texas Republican, Hamas, White Locations: United States, Israel, Iran, Tehran, Texas, Gaza

☆ The 20 companies engineering students around the world most want to work for
▼ + stars: | 2023-10-11 | by ( Madison Hoff | ) www.businessinsider.com time to read: +1 min

Google was one of the companies in the top 20 that didn't move spots from where it stood last year. AdvertisementAdvertisementSome engineering students would most like to work for Google, Microsoft, or BMW Group. Engineering students and other students part of the analysis responded with the employers they would most like to work for. Johnson & Johnson, Intel, and Apple are three of the companies that were part of the 2023 list's of the top 20 employers for engineering students. AdvertisementAdvertisementBelow are the most attractive employers based on responses from engineering students.

Persons: Universum, —, Johnson Organizations: Boeing, Tesla, GE, Google, Service, Microsoft, BMW Group, Engineering, Intel, Apple, Industries Locations: China, Universum

President Joe Biden reaffirmed his “unshakeable” commitment to defending Israel on Wednesday as concerns mount over the potential for nearby countries and militant groups to take advantage of the chaotic situation and broaden the conflict. And the horrors of Hamas’ Saturday attack continue to unfold, with reports of children found butchered in a kibbutz. As it stands, at least 1,200 people have been killed in Israel, including at least 22 Americans. He said that the U.S. is well equipped to support Israel while also continuing to aid Ukraine as it defends itself against Russia. “We will stand firmly with Israel as we continue to support Ukraine.”

Persons: Joe Biden, ” Biden, ”, “, It’s, Biden, Benjamin Netanyahu, Kevin McCarthy, Steve Scalise, he’ll, Defense Lloyd Austin, Austin, Jake Sullivan, “ We’ve, they’ve, Sullivan, Volodymyr Zelenskyy, ” Austin Organizations: Israel, Israeli, House Foreign Affairs, Iran, Republicans, Defense, Department of Defense, American, intel, Hamas, State Department, Hezbollah, White, National, Ukraine Defense Contact, Ukraine Locations: United States, Israel, Gaza, U.S, Iran, Louisiana, Lebanon, Lebanese, The U.S, Brussels, Ukraine, Russia

☆ Kerrisdale Capital goes short on Joby Aviation over earnings concerns
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +1 min

Oct 10 (Reuters) - Kerrisdale Capital said on Tuesday it had taken a short position on Joby Aviation (JOBY.N) over profitability concerns, sending the electric aircraft maker's shares down nearly 5%. California-based Joby said Kerrisdale has a "vested interest" in lowering its share price. Joby plans to operate like a rideshare app, unlike other electric vertical takeoff and landing (eVTOL) peers that intend to sell their aircraft to customers including airlines and logistics firms. Kerrisdale warned of higher operating costs as the company's electric aircraft are likely to offer lower range and power than traditional helicopters. The U.S. aviation regulator in June gave Joby, which is backed by investors such as Delta Air Lines (DAL.N), Toyota Motor (7203.T) and Intel Corp (INTC.O), the nod to flight-test its electric air taxi.

Persons: Joby, Kerrisdale, Nathan Gomes, Anil D'Silva Organizations: Kerrisdale, Joby Aviation, Delta Air Lines, Toyota, Intel Corp, Thomson Locations: California, U.S, Bengaluru

☆ Generative AI needs tools to avoid copyright infringement, Databricks' Naveen Rao says — or more companies could meet Napster's fate
▼ + stars: | 2023-10-10 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +4 min

Naveen Rao is VP of Generative AI at Databricks and co-founder of LLM-training platform MosaicML. Rao says copyright infringement could prevent companies from successfully monetizing AI. Rao, who oversees generative AI strategy for Databricks after it bought his startup MosaicML for $1.3 billion, likens it to the issue that crushed Napster, the 2000s-era music-sharing platform. "We build tools that enable companies to differentiate their AI from everyone else's and leverage their data uniquely," Rao told Insider. The more people building generative AI technology the better, Rao says.

Persons: Naveen Rao, Rao, —, ChatGPT, Jodi Picoult, George R.R, Martin, OpenAI, he's Organizations: Service, Napster, Apple, iTunes, Thrones, Metallica, Qualcomm, Intel

☆ Russia won't announce an 'unpopular' troop mobilization until after Putin's reelection bid next year, UK intel predicts
▼ + stars: | 2023-10-10 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

The Kremlin will likely wait until after the next election to announce any mobilizations, the UK MOD said. AdvertisementAdvertisementRussia doesn't want to announce an "unpopular" big mobilization of troops until after its next presidential election, according to UK intelligence. "It is therefore highly unlikely that any further mobilisation wave will be implemented before the March 2024 presidential election," it said. Putin has not yet announced that he will seek a new term in office, but the UK MOD said he "will almost certainly run again." The UK MOD said that, despite this, the election process remains "a core tool of political legitimisation" for the Kremlin.

Persons: Putin hasn't, —, Russia's, Vladimir Putin, Putin, Russia aren't Organizations: MOD, Service, UK Ministry of Defence Locations: Russia, Ukraine

“We have no evidence or proof” that Iran was behind the attack, Maj. Nir Dinar, a spokesperson for the Israel Defense Forces, told Politico on Monday. More recently, Tehran has stepped up the training assistance it provides Hamas inside Iran, according to a former Western defense official. Hamas received Iranian weapons and military technology, and learned from the Iranians about planning operations. “Everything we have seen in the last four days, we can’t say it’s an Iranian plan or an Iranian effort,” Milshtein said. “It’s a Hamas plan that got Iranian help.”Searching for a motivationUS intelligence officials are also working to understand Hamas’ immediate motivation for launching the attack.

Persons: Jake Sullivan, “, ” Sullivan, Privately, Sullivan, ”, “ We’ve, we’ve, Biden, Tehran doesn’t, –, Ismail Haniyeh, Frank McKenzie, Mahmud Hams, Zohar Palti, Nir, it’s, Israel —, Norm Roule, ” Roule, Amir Cohen, Mike Knights, Michael Milshtein, “ They’ve, Milshtein, ” Milshtein, ’, “ It’s, McKenzie, ” McKenzie Organizations: Washington CNN, Hamas, Biden, White, CNN, intel, State Department, US Central Command, Getty, Israel’s Ministry of Defense, Israel Defense Forces, Israel, CIA, Reuters, Washington Institute, ” Knights, Department, Palestinian Affairs, Knights, Hezbollah, Palestinian Authority, Gaza Locations: Iran, Israel, Tehran, Gaza, Gaza City, AFP, Saudi, Saudi Arabia, Ashkelon, “, Yemen, Jihad, Lebanon

Oct 9 (Reuters) - Fears of a widening conflict in the Middle East are threatening more volatility for investors after a painful stretch in U.S. markets. Investors were on guard for the potential of the conflict spreading to embroil other countries, including Iran, and a continued spike in oil prices. Prices for gold, a popular destination for investors during uncertain times, were up 1.2% at $1,854.10 per ounce. Among those is the potential of a rebound in oil prices that could weigh on U.S. economic growth and endanger the so-called soft landing narrative that has helped boost stocks this year. “The worst-case scenario from a geopolitical risk perspective would be a full-scale confrontation between Israel and Iran,” said Tina Fordham, geopolitical strategist and founder of Fordham Global Foresight.

Persons: Brent, ”, Mohit Kumar, Tina Fordham, Paul Nolte, Emmanuel Cau, Althea Spinozzi, Naomi Rovnick, Lewis Krauskopf, Dhara Ranasinghe, Davide Barbuscia, Noel Randewich, Marc Jones, Ira Iosebashvili, Nick Zieminski Organizations: Jefferies, Fordham Global Foresight, Federal Reserve, Murphy, Sylvest Wealth Management, Reuters Graphics Reuters, Treasury, Barclays, Mobileye, Intel, Solaredge Technologies, East, Saxo Bank, Thomson Locations: U.S, Gaza, Iran, Europe, London, Israel, United States, Germany

Oct 9 (Reuters) - Fears of a widening conflict in the Middle East are threatening more volatility for investors after a painful stretch in U.S. markets. Investors were on guard for the potential of the conflict spreading to embroil other countries, including Iran, and a continued spike in oil prices. Prices for gold, a popular destination for investors during uncertain times, were up 0.9% at $1,849.40 per ounce. Among those is a potential rebound in oil prices that could weigh on U.S. economic growth and endanger the so-called soft landing narrative that has helped boost stocks this year. “The worst-case scenario from a geopolitical risk perspective would be a full-scale confrontation between Israel and Iran,” said Tina Fordham, geopolitical strategist and founder of Fordham Global Foresight.

Persons: Brent, ”, Mohit Kumar, Tina Fordham, Paul Nolte, Murphy, Emmanuel Cau, Althea Spinozzi, Naomi Rovnick, Lewis Krauskopf, Dhara Ranasinghe, Davide Barbuscia, Marc Jones, Ira Iosebashvili, Nick Zieminski Organizations: Jefferies, Fordham Global Foresight, Federal Reserve, Sylvest Wealth Management, Treasury, Barclays, Mobileye, Intel, Solaredge Technologies, East, Saxo Bank, Thomson Locations: U.S, Gaza, Iran, Europe, London, Israel, United States, Germany

☆ Ancient Roman site of Pompeii is about to ‘expand’
▼ + stars: | 2023-10-09 | by ( Julia Buckley | ) edition.cnn.com time to read: +4 min

So with ever more tourists cramming onto the site, the team behind the archaeological park of Pompeii have found a plan B – dispersing visitors around ancient sites that are further afield, with all-in-one tickets and shuttles laid on between the sites. A shuttle service around the sites – the Pompeii Artebus – was piloted in 2021. The ancient city was the most visited heritage site in Italy on the last “Domenica al Museo” – state-run heritage sites have free entry on the first Sunday of the month. Tickets for the ‘scattered’ site will be valid for three days, with free shuttles connecting all the sites. The Villa dei Misteri at Pompeii will also get new lighting which will better replicate the original lighting in the villa.

Persons: we’ll, Stanley Tucci, Torre Annunziata, Gennaro Sangiuliano, Nero, Poppaea Sabina, Villa Arianna, Villa, Villa Poppaea, Poppaea, Libero, Sangiuliano Organizations: CNN, intel, Villa San Marco, Castellammare, Villa Regina, European Union, Major, Museo Locations: Boscoreale, Torre, Oplontis, Stabiae, Rome, Italy, –, It’ll, Civita, Castellamare

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. ET, Dow e-minis were down 152 points, or 0.45%, S&P 500 e-minis were down 24.25 points, or 0.56%, and Nasdaq 100 e-minis were down 109.5 points, or 0.72%. Traditional safe-haven assets including gold and the U.S. dollar gained, while growing uncertainty pushed crude prices higher. The Nasdaq (.IXIC) and the S&P 500 (.SPX) posted weekly gains on Friday as mixed jobs reports kept investors on edge around the Federal Reserve's interest rate outlook. Tesla (TSLA.O) shed 1.7% as data showed the company's China-made EV sales volume for September decreased 10.9% from a year ago.

Persons: Brendan McDermid, Tesla, Lloyd Austin, Stuart Cole, Northrop, Lockheed Martin, Philip Jefferson, Michael Barr, Nelson Peltz's, Shashwat Chauhan, Arun Koyyur, Shounak Organizations: New York Stock Exchange, REUTERS, Nvidia, Big Tech, U.S, Israel, Dow, Nasdaq, Hamas, . Defense, Dow e, U.S ., Equiti, Energy, Chevron, Exxon Mobil, Occidental Petroleum, United Airlines, Delta Air Lines, American Airlines, Barrick Gold, Northrop Grumman, General Dynamics, Lockheed, Columbus Day, Apple, Intel, Qualcomm, Devices, JPMorgan Chase, Citigroup, BlackRock, Management, Thomson Locations: New York City, U.S, China, Israel, Palestinian, Gaza, United States, Tel Aviv, Wells Fargo, Bengaluru

He said in the short-term resources could be diverted if the conflict expands, such as staff at tech companies being called up as military reservists. "They will probably increase the investment in AI," Krosby said. "It could bolster support for more financial resources for tech for the military, which then ultimately transitions to the private sector tech companies," Krosby added. The tech sector has shown resilience in the past, overcoming a number of conflicts with Hamas in Gaza. Apjit Walia the Managing Director at DVN Capital said the Israeli tech sector "has historically bounced back from geopolitical tragedies."

Persons: Amir Cohen, Israel, Jack Ablin, Quincy Krosby, Jensen Huang, Benjamin Netanyahu, LPL's Krosby, Krosby, DVN Capital, Max A, Cherney, Mica Rosenberg, Steven Scheer, Kenneth Li, Megan Davies, Jamie Freed Organizations: Intel, REUTERS, FRANCISCO, Tech, Hamas, Cresset Wealth, Financial, Intel Corp, Sunday, Nvidia, Tel, Semiconductor, Meta, Apple, Microsoft, IBM, Google, Facebook, DVN, Thomson Locations: Petah Tikva, Tel Aviv, Israel, JERUSALEM, Gaza, Charlotte , North Carolina, United States, Silicon Valley, Kiryat Gat, Apjit, Francisco, New York, Jerusalem

Oct 9 (Reuters) - Shares in U.S. and European-listed companies with business exposure to Israel fell on Monday on worries that an escalation in conflict with Palestinian Islamist group Hamas would impact their operations. Wall Street opened lower, while European stocks dipped as surging oil prices fanned inflation worries and investors fled to the safety of government bonds and the dollar. U.S. shares of Israeli chipmaker Tower Semiconductor fell 5.2%, while Intel (INTC.O) dipped 1.1% and Nvidia (NVDA.O) 2.1%, dragging the chip sector lower. U.S.-listed shares of Israel's Teva Pharmaceutical (TEVA.TA), the world's largest generic drugmaker, fell 3.3%, while those in fertilizer group ICL Group (ICL.TA) dipped 1.4%. U.S. exchange-traded funds exposed to Israel such as the iShares MSCI Israel ETF and the ARK Israel Innovative Technology ETF fell 6.6% and 4.4%, respectively.

Persons: Benjamin Netanyahu, Raffi Boyadjian, Energean, Adani Ports, Danilo Masoni, Sruthi Shankar, Amanda Cooper, Deborah Kyvrikosaios, Arun Koyyur Organizations: Palestinian, Semiconductor, Intel, Nvidia, Energy, Tel Aviv ., U.S, Cruise Line Holdings, Royal Caribbean Group, XM, Israel's, ICL, ARK Israel Innovative Technology, Adani, Thomson Locations: Israel, Tel Aviv, Saudi Arabia, Gaza, London, India, Adani, Haifa Port, Northern Israel

☆ Vodafone to create Open RAN chip sets with Intel
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Oct 9 (Reuters) - Vodafone (VOD.L) underlined its commitment to Open RAN networks on Monday by confirming it would create purpose-built chipset architecture for the nascent technology with Intel (INTC.O). Open RAN allows mobile operators to mix and match equipment from various suppliers, potentially increasing flexibility. Vodafone agreed in 2022 to work with U.S. chipmaker Intel on the potential to design its own chip architecture. Vodafone and Orange said on Monday they had successfully made 4G calls over a cluster of sites in a rural area near Bucharest based on Open RAN technology. In Italy, Vodafone said a pilot with Nokia aimed to prove that Nokia's Open RAN solution could achieve the same functionality and performance as its purpose built RAN.

Persons: Toby Melville, Santiago Tenorio, Tenorio, Paul Sandle, Sharon Singleton Organizations: Vodafone, REUTERS, Intel, RAN, Nokia, Ericsson, Huawei, Orange, Samsung, Thomson Locations: London, Britain, Romania, Italy, Malaga, Spain, Madrid, Bucharest, Dell

☆ Israel markets sink, businesses shut after Hamas attack
▼ + stars: | 2023-10-08 | by ( Steven Scheer | ) www.reuters.com time to read: +4 min

A building is ablaze following rocket attacks from the Gaza Strip, in Tel Aviv, Israel October 7, 2023. Israel has retaliated with air strikes on Hamas targets in Gaza. Gaza militants also fired thousands of rockets into Israel, some reaching as far as Tel Aviv, prompting airlines to suspend flights to and from Israel. Air India said flights to and from Tel Aviv would be suspended until Oct. 14. "We are closely monitoring the situation in Israel and taking steps to safeguard and support our workers," a spokesman said.

Persons: Ron, Jonathan Katz, Bezalel Smotrich, Arkia, Israir, Jensen Huang, Ron Tomer, Steven Scheer, Bernadette Baum Organizations: REUTERS, Rights, Key Tel, Capital Markets, Bank of Israel, Hamas, Israel . Finance, Bank, Israel, AIR, Delta Air Lines, United Airlines, Nvidia, Tel, Manufacturers, Association, Intel Corp, Tower Semiconductor, Thomson Locations: Gaza, Tel Aviv, Israel, Key, Key Tel Aviv, New York, Atlanta, TLV, India, Athens, Larnaca, Cyprus

☆ No Prior Intel on Hamas Attack, U.S. Officials Say
▼ + stars: | 2023-10-07 | by ( ) www.wsj.com time to read: 1 min

Hamas’s attack caught the Biden administration by surprise, several senior U.S. civilian and military officials said. These officials said they hadn't seen any intelligence reports in recent days alerting Washington that the assault was in the works.

Persons: Biden Organizations: U.S Locations: Washington

Trump, the front-runner of the GOP presidential primary, reportedly discussed sensitive information about U.S. nuclear submarines – including the number of warheads they routinely carry and how close they can get to Russian submarines without being detected – to an Australian businessman. Earlier this week, the House ousted Kevin McCarthy – a stunning scene put in motion by a handful of far-right, MAGA lawmakers and one that marked the first time in history that the maneuver has been used to successfully oust a House speaker. Trump himself considered filling the role of speaker after being nominated by Texas Rep. “I have been asked to speak as a unifier because I have so many friends in Congress,” Trump told Fox News Digital on Thursday. Trump is still considering a Tuesday visit to the Capitol, timed to when the GOP conference is set to hold a forum for the Speaker candidates.

Persons: Donald Trump, Trump, that’s, Donald Trump's, there’s, Kevin McCarthy, MAGA, Steve Scalise, Jim Jordan – Trump, Troy Nehls, Marjorie Taylor Greene, “, ” Trump, ”, I’m, Jordan, Jim Jordan, Joe Biden, Hunter Biden, hasn’t, throngs Organizations: Capitol, GOP, Department, White, intel, Republican Party, Louisiana Rep, Ohio, Texas Rep, Georgia, Fox News Digital, Washington , D.C, Congressional, Trump Locations: Russian, Australian, Trump’s, Louisiana, Washington ,

☆ Here are Friday's biggest analyst calls: Netflix, Nvidia, Eli Lilly, Disney, Levi's, Exxon, Walmart and more
▼ + stars: | 2023-10-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

JPMorgan reiterates Exxon as overweight JPMorgan said it's standing by its buy rating on the oil and gas giant. Seaport initiates Netflix as buy Seaport said it sees plenty of upside in shares of Netflix. JPMorgan upgrades Eaton to overweight from neutral JPMorgan said the industrial and electrical company is best in class. UBS reiterates Levi's as buy UBS said Levi's is still an attractive stock despite the company's disappointing earnings report Thursday. " JPMorgan upgrades Apellis to overweight from neutral JPMorgan said the pharmaceutical company is well-positioned for more upside.

Persons: Piper Sandler, Bernstein, Disney, XOM, Jefferies, TD Cowen, Cowen, Eaton, Eli Lilly, Doug McMillon, Berenberg, Morgan Stanley, Meta, Levi's, Oppenheimer downgrades O'Reilly, AutoZone, Oppenheimer, it's, Truist Organizations: Disney, Netflix, Hulu, JPMorgan, Exxon, Barclays, Nvidia, Intel, Gaudi, Citi, Discover Citi, DFS, Seaport, Bank of America, Energy, of America, Apple, Vegas, Prix, Clearway Energy, Walmart, United Auto Workers, Auto, Meta, UBS Locations: Parks, NVDA, China, ETN, TEL, AZO, ORLY

☆ Former Trump cabinet member Wilbur Ross lays out which industries remain dependent on China and which trade partners could fill in the gap
▼ + stars: | 2023-10-05 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

Wilbur Ross said pharmaceuticals and industries reliant on rare minerals are still dependent on China. Countries like India, Vietnam, and Mexico will grow to become bigger trade partners, he predicted. Still, there are several industries reliant on China, Ross said. AdvertisementAdvertisementAs the US and China continue their diplomatic standoff, he believes trade partners like Vietnam and Mexico will grow in importance. The U.S. exported $195.5 billion worth of goods to China in 2022, while bringing in more than $560 billion worth of Chinese goods, according to the U.S. Trade Representative.

Persons: Wilbur Ross, —, Commerce Wilbur Ross doesn't, Joe Biden's, Lockheed Martin, Ross, Donald Trump, Ross doesn't, there's Organizations: Commerce, Service, Lockheed, Micron, Intel, Greenwich Economic, Trump, U.S . Trade Representative Locations: China, India, Vietnam, Mexico, Greenwich, U.S

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. While the 30-year Treasury yield crossed above 5% for the first time since August 2007, the 10-year and five-year yields hit their highest since 2007. The CBOE volatility index (.VIX), Wall Street's "fear gauge", briefly hit a five-month high and topped its long-term average of 20. A day after U.S. job openings unexpectedly rose in August, investors will closely monitor September ADP National Employment data at 8:15 a.m. Reporting by Ankika Biswas and Shashwat Chauhan in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Kevin McCarthy, Mark Haefele, Haefele, Austan Goolsbee, Michelle Bowman, Eli Lilly, LLY.N, Mike Mason, Ankika Biswas, Shashwat Chauhan, Shounak Dasgupta Organizations: New York Stock Exchange, REUTERS, Apple, U.S . House Republicans, Treasury, Microsoft, Nvidia, Dow e, Nasdaq, Federal, UBS Global Wealth, Institute, Supply, PMI, Chicago, Traders, Dow, Intel, Thomson Locations: New York City, U.S, Bengaluru

☆ Russia really did shoot down one of its own prized Su-35 fighter jets by mistake, UK intel says
▼ + stars: | 2023-10-04 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +2 min

Russia shot down one of its own Su-35 fighter jets, UK intelligence said Wednesday. AdvertisementAdvertisementRussia shot down one of its own Su-35 fighter jets in a recent friendly-fire incident, UK intelligence suggested. The incident took place on Setpember 28 near Tokmak, a city in occupied Ukraine near the front lines in the Zaproizhzhia region, the UK update said. AdvertisementAdvertisementTokmak, is some 12 miles from the front, and a Russian base there would be bristling with heavy air-defense, the UK update said. Russia's air force has lost around 90 planes since the start of the war in Ukraine, UK intelligence said last week.

Persons: —, Andrii Tsaplienko Organizations: Service, British Ministry of Defence, Russian Defense Ministry Locations: Russia, Tokmak, Ukraine, Zaproizhzhia, Russian, Ukrainian

☆ Goldman analysts say these stocks have the most downside potential
▼ + stars: | 2023-10-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Western Digital and Intel are up by double digits in 2023, but Goldman Sachs says these shares may see sharp declines. But even given this optimism, Goldman believes some stocks are bound to fall. In a recent note, the firm detailed several stocks that have the most downside potential based on Goldman's respective target prices. This summer, Western Digital issued weak guidance for its fiscal first quarter, calling for a loss ranging between $2.10 and $1.80 per share, excluding items. The firm sees a descent of more than 14% for the lodging stock, a sharp turn from its 49% year-to-date gain.

Persons: Goldman Sachs, David Kostin, Goldman, FactSet, Justin Patterson, Northrop, — CNBC's Michael Bloom Organizations: Western Digital, Intel, Chief, KeyBanc, Northrop Grumman, APA, Hormel Locations: Airbnb

☆ CNBC Daily Open: Something else is breaking in markets
▼ + stars: | 2023-10-04 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

A trader works on the floor of the New York Stock Exchange during opening bell in New York City on August 21, 2023. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. [PRO] Railed by ratesHigher-for-longer interest rates are really starting to hit markets hard. It's very broad swaths of the stock and bond markets that are seeing new 52-week lows, as CNBC Pro's Bob Pisani observes — and explains why they've been hitting troughs.

Persons: Dow, Republican Kevin McCarthy, Matt Gaetz, Patrick McHenry, McCarthy, Bob Pisani, —, they've Organizations: New York Stock Exchange, CNBC, Dow Jones, Treasury, U.S ., Intel, Solutions, House, U.S . House, Republican Locations: New York City

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