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☆ What Harris and Trump are proposing for the economy
▼ + stars: | 2024-10-27 | by ( Tami Luhby | Katie Lobosco | ) edition.cnn.com time to read: +21 min

CNN —Former President Donald Trump and Vice President Kamala Harris have laid out a broad array of ideas aimed at making life more affordable and strengthening the economy, which rank at the top of voters’ concerns. Both Trump and Harris have rolled out pricey provisions without specifying how they would cover the cost. Though his campaign hasn’t released details on the proposal, Trump has indicated that he would eliminate both federal income taxes and payroll taxes, which fund Social Security and Medicare. Around half of beneficiaries – mainly those with higher incomes – pay federal income tax on their Social Security payments. Harris’ plan would also accelerate the speed of Medicare’s drug price negotiations so that the costs of more medications come down faster.

Persons: Donald Trump, Kamala Harris, hasn’t, Harris, Harris ’, Trump, Joe Biden’s, Biden, Sen, JD Vance, Trump’s, ” Harris, USMCA, ” Trump, He’s, Elon Musk, John Deere, ” Vance Organizations: CNN, Trump, Yale University, Security, Social Security, Center, Social, Rescue, Medicare, GOP, Biden, Republican Party, ” Invest, America, Federal Reserve, American Locations: Nevada, Las Vegas, Mexico, Canada, Texas, Florida, Harris, Midwest

Mortgage rates for October 26, 2024, are hovering in the mid-6% range, according to Zillow data. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. High mortgage rates pushed many hopeful buyers out of the market, slowing homebuying demand and putting downward pressure on home prices. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: they'll, you'll, they've, Freddie Mac, it's, Fannie Mae Organizations: Federal, Fed, Traders, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Mortgage, Association Locations: Chevron

☆ Five Below, Walmart and the other retail stocks that are the most vulnerable to Trump's tariffs
▼ + stars: | 2024-10-26 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Analyst Ike Boruchow and the bank's consumer team found the tariffs proposed by the Republican nominee are likely a significant challenge for retailers. High tariffs would be the latest hit after what has already been a tough year, with shares of the value-focused retailer diving 59% in 2024. Target is an even larger retailer that Wells Fargo is concerned will suffer from high tariffs enacted in a second Trump term. After this monster run, the average analyst only foresees further upside of about 2.5% for Walmart over the next year, the LSEG survey says. Still, the majority of analysts are unwilling to abandon the nation's largest retailer and hold buy ratings on Arkansas-based Walmart.

Persons: Donald Trump, Ike Boruchow, Trump, Boruchow, Wells, SPX Organizations: White, Republican, Wall, Trump, Walmart Locations: Wells, China, Minneapolis, Arkansas

☆ Cruise lines are having a moment as a popular — and cheaper — alternative to hotels
▼ + stars: | 2024-10-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

Royal Caribbean is set to release its quarterly results on Tuesday, followed by Norwegian Cruise Line Holdings ' report on Wednesday. That means the cruise lines may have more room to grow, she said. "The wider that gap, the better the opportunity for the cruise lines to have upside," Farley said in an interview with CNBC. However, Scholes said his research shows that out of the three major cruise lines, the Carnival brand is facing the most pricing competition from private cruise operator, MSC. Stock Chart Icon Stock chart icon Norwegian Cruise Lines stock year to date

Persons: Marco Bello, Patrick Scholes, Hilton, Christopher Nassetta, industry's, Brandt Montour, Montour, Josh Weinstein, CNBC's, Robin Farley, Farley, Truist's Scholes, Scholes, It's, Caribbean's Organizations: Port, Afp, Getty, CNBC, Wednesday, Barclays, Royal, Cruise Line Holdings, UBS, Orlando, Vegas, Royal Caribbean, Bloomberg, Royal Caribbean's, Citi, Cruise Lines Locations: Port of Miami, Miami , Florida, Caribbean, Royal Caribbean, 200bps, PortMiami, Norwegian

☆ Man sentenced to life after ‘catfishing’ at least 70 minors and driving a 12-year-old to take her own life
▼ + stars: | 2024-10-26 | by ( Abel Alvarado | ) edition.cnn.com time to read: +2 min

CNN —A man in Northern Ireland has been sentenced to life for several crimes, including manslaughter, after using social media sites to blackmail and sexually abuse at least 70 minors in several countries. Catfishing – often used on social media - is when a person uses false information and images to create a fake identity online with the intention of tricking, harassing, or scamming another person. According to authorities, McCartney pretended to be a young girl, befriended victims on social media and manipulated them into sending him nude images of themselves. “All McCartney’s victims were young, innocent children” as young as 10 years old and “struggling with identity and body image issues and had reached out for help on social media,” Kierans said. CNN affiliate Virgin Media News reported that McCartney mainly used the popular social media app Snapchat to target his victims.

Persons: Alexander McCartney, “, Catfishing, McCartney, McCartney –, New Zealand –, Catherine Kierans, ”, ” Kierans, Snapchat Organizations: CNN, Belfast Crown, Northern Ireland’s Public Prosecution Service, New Zealand, Virgin Media News Locations: Northern Ireland, United States, Northern, Ireland, Great Britain, New

☆ Why these Republicans think voting against Trump could save the GOP
▼ + stars: | 2024-10-26 | by ( John King | ) edition.cnn.com time to read: +11 min

A Nikki Haley voter in the April GOP primary who will be a Kamala Harris voter a week from Tuesday. “If Trump loses, then I think Republicans will start coming back to what they were,” Pesce said. But London is voting for Harris – the first time she will vote Democrat for president. As she ponders hers, she shares this: “I think Trump is going to win.” That, she said, is based on betting lines, not the polls. “They think at the 11th hour people will have such reservations about Trump that it will cause them to vote for Harris.

Persons: Pennsylvania CNN — Michael Pesce, Pesce, ” Pesce, “, Nikki Haley, Kamala Harris, Donald Trump, Harris, Trump, I’m, Michael Pesce, Haley, Joe Biden, ”, Joan London, Harris –, John King, Biden, Pat Toomey, ‘, Hillary Clinton, Harris Cynthia Sabatini, Sabatini, “ Trump, ” Sabatini, ” Cynthia Sabatini meditates, CNN Sabatini, Harris aren’t, meditates Organizations: Pennsylvania CNN, Coast Guard, Reagan Republican, White, CNN, Republicans, South, Democratic, Trump, Republican, GOP, Biden, Media, Pennsylvania Locations: Tripoli, Pennsylvania, New Tripoli , Pennsylvania, Philadelphia, South Carolina, New Tripoli, Lehigh County, Bucks County, Berks, battlegrounds . Berks, London, Philly, Montgomery County, Wyomissing, Wyomissing , Pennsylvania, Ukraine, ”, …, Berks County, Delaware County, Media , Pennsylvania, “, Trump

☆ Gen Z, here's how to craft the best retirement plan starting now: 4 financial experts share their best tips and tricks
▼ + stars: | 2024-10-26 | by ( Christine Ji | ) www.businessinsider.com time to read: +8 min

For Gen Z, retirement is 40 or 50 years away, but now is the perfect time to start saving. Four financial experts shared their top strategies to kick-start retirement savings. Or, it may seem difficult and anxiety-inducing, especially as Gen Z juggles student loan debt, high costs of living, and a tough job market. AdvertisementBusiness Insider asked four wealth advisors for their best tips and tricks on how Gen Z can maximize their retirement savings, starting now. Basic budgeting strategies, such as keeping housing costs at 30% or lower of your total paycheck, can also create a strong foundation for retirement savings, Crowell said.

Persons: —, Zers, Z, Gen Z, there's, Andrew Crowell, Davidson, Crowell, Zer, Gen Zers, Ayako Yoshioka, Yoshioka, Roth, haven't, Ashley Weeks, Weeks, Alanna Morey, Morey Organizations: Service, Social Security, Bank of America, D.A, Roth IRA, Equity, Bank

☆ The biggest pressing market questions with two months to go in rewarding year
▼ + stars: | 2024-10-26 | by ( Michael Santoli | ) www.cnbc.com time to read: +10 min

And how should investors be thinking about future equity returns as the bull market enters its third year riding stellar multi-year performance and facing demanding valuations? So, expansionary policies that would quicken the economy's metabolism and produce more inflation was exactly what the market craved then – but now? Right now, the S & P 500 is up 42% from 18 months ago and fetches 22-times expected earnings. No reliable augurs of a coming bear market are in evidence: S & P up 10 of 11 months, making a new high in September, credit spreads resolutely narrow, all point to an upside bias over a span of months, at least. .SPX YTD mountain S & P 500, YTD Which leaves the question of just how much upside, if any, a bull should reasonably expect from here.

Persons: Warren Pies, Pat Tschosik, Ned Davis, Donald Trump, payrolls, Harris, Goldman Sachs, Goldman Organizations: Federal Reserve, Treasury, Fed, 3Fourteen Research, Trump, Ned, Ned Davis Research, Dow, Leuthold, quicken, Wall Locations: U.S, China, Wells

In North Carolina, the signs read in Spanish, “WARNING: if you are not a citizen of the United States of America, you cannot vote in elections. Earlier this week, Forward Justice addressed a letter to the North Carolina State Board of Elections, calling for the signs to be removed because they constitute "unlawful voter intimidation." The letter was co-signed by nearly two dozen organizations, including the North Carolina chapter of the American Civil Liberties Union. It’s already illegal for noncitizens to vote in elections in North Carolina and at the federal level — and illegal voting rarely happens. Early voting in North Carolina ends on Nov. 2.

Persons: it's, “, ”, Cleta Mitchell, Mitchell, Donald Trump’s, Kathleen Roblez, hotlines, Jaclyn Maffetore, Maffetore, Spanish Jim Womack, Womack Organizations: North, Democratic Oklahoma, Forward Justice, North Carolina State Board, American Civil Liberties Union, ACLU, noncitizens, Brennan, Cato Institute, Heritage Foundation, GOP, Homeland Locations: North Carolina, United States of America, Durham County, U.S, Spanish, Lee County

☆ Kurdish militants claim responsibility for deadly attack on Turkish defense firm
▼ + stars: | 2024-10-25 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +3 min

A banned Kurdish militant group on Friday claimed responsibility for an attack on the headquarters of a key defense company in Ankara that killed at least five people. A man and a woman stormed TUSAS’ premises on the outskirts of Ankara, setting off explosives and opening fire. The assailants were also killed in a subsequent battle with security teams and more than 20 people were injured in the attack. Its defense systems have been credited as key to Turkey gaining an upper hand in its fight against Kurdish militants. Meanwhile, police in Istanbul detained at least 35 people suspected of links to the PKK, the state-run Anadolu Agency reported.

Persons: TUSAS, Turkey’s, Recep Tayyip Erdogan, Abdullah Ocalan Organizations: Kurdistan Workers ’ Party, People’s Defense, Kurdish, Workers ’ Party, Syrian Democratic Forces, Turkish, Anadolu Agency Locations: Ankara, Turkish, Turkey, Iraq, Syria, Istanbul, Kurdistan, Iraq’s Sinjar, Kurdish

WASHINGTON — As Speaker Mike Johnson marks one year on the job Friday, he’s fighting hard to preserve House Republicans’ razor-thin majority — and his speakership. I’m going to be the speaker of the House,” Johnson said in a recent sit-down interview with NBC News at a campaign stop in Hellertown, Pennsylvania. "It's going to be a free-for-all" if Republicans lose the House and Trump loses the White House, a third House GOP lawmaker added. 2 GOP leader, Scalise also has not spoken publicly about what he’d run for in the minority. House Majority Leader Steve Scalise, R-La., is expected to run for minority leader if Republicans lose the House.

Persons: Mike Johnson, Republicans ’, Johnson, Johnson —, ”, Nancy Pelosi, Johnson’s, Steve Scalise, Jim Jordan, hasn’t, “, I’m, ” Johnson, Al Drago, Tom Emmer, Elise Stefanik, eyeing, Donald Trump, Jordan, They’ve, Scalise, John James, Tom Barrett, Joe McGraw of, “ Jordan, Kevin McCarthy’s, Emmer, —, Republicans —, Tom Williams, Trump, Republicans eke, “ He’s, Thomas Massie, Paul Gosar, Marjorie Taylor Greene, Scott Perry, Perry wouldn’t, ” Perry, Mike, he’s, David Valadao, ” Valadao, Patrick McHenry, McCarthy, Derrick Van Orden, ” Van Orden Organizations: WASHINGTON, Republicans, Louisiana Republican, GOP, Republican, NBC News, Trump, Bloomberg, Getty, National Republican Congressional, Joe McGraw of Illinois, Inc, Capitol Hill, FISA, Freedom Caucus, Intelligence, Democratic, Washington , D.C, Wisconsin GOP Locations: Louisiana, Ohio, Hellertown , Pennsylvania, Pacific Northwest, Washington, Michigan , Illinois, Minnesota, Michigan, Jordan, Israel, Ukraine, Ky, Trump, Perry’s, Washington ,, R, Wisconsin

☆ Russia's central bank hikes interest rate to 21% to fight stubborn inflation
▼ + stars: | 2024-10-25 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +2 min

The Russian central bank raised its key interest rate to 21% on Friday. Inflation in Russia hit 8.6% year-on-year in September, well above the central bank's 4% target. It has largely been driven by heavy defense spending amid the ongoing war in Ukraine. AdvertisementRussia's central bank raised its key interest rate to a record high on Friday as inflationary pressure continues in the country. The Bank of Russia raised the benchmark rate by 200 basis points to 21%, saying inflation was "running considerably above" its July forecast.

Persons: —, Alexandra Prokopenko, Prokopenko Organizations: Service, Bank of Russia, Carnegie Russia Eurasia Center, Financial Times Locations: Russian, Russia, Ukraine, Moscow, Europe

☆ Costco recalls salmon products over listeria contamination concern
▼ + stars: | 2024-10-25 | by ( John Towfighi | ) edition.cnn.com time to read: +7 min

CNN —Costco is recalling smoked salmon products over possible listeria contamination. There have been at least 10 reported deaths and 59 hospitalizations across 19 states due to the listeria outbreak, according to the CDC. In October, there have multiple instances of recalls like Costco’s salmon products due to potential listeria contamination, according to the FDA, which tracks public announcements. While the recalls come on the heels of the Boar’s Head listeria outbreak and McDonald’s E. coli outbreak, experts told CNN that an increase in recalls over potential contamination isn’t necessarily cause for concern. On October 24, the FDA announced a recall of chicken taco kits produced by Sprouts Farmers Markets over potential listeria contamination.

Persons: Salmon, Costco’s, Francisco Diez, Gonzalez, BrucePac, Diez, ”, ” Diez, “ It’s, bode Organizations: CNN, Costco, US Center, Disease Controls, Kirkland, Acme, Fish Corp, CDC, listeria, US Food and Drug Administration, FDA, Center for Food Safety, University of Georgia, Farmers, Treehouse Foods, Target, Walmart, US Department of Agriculture, Consumers Locations: Virginia

☆ China schedules meeting expected to reveal fiscal stimulus details
▼ + stars: | 2024-10-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

BEIJING — China's parliament will hold a highly anticipated meeting Nov. 4 to 8, state media said Friday, according to a CNBC translation. Investors have been awaiting news of the gathering of the standing committee of the National People's Congress, which is expected to announce details on any fiscal stimulus. Last year, the committee's meeting in late October oversaw a rare increase in China's fiscal deficit to 3.8%, from 3%, which was subsequently reported by state media. He pointed out that the last month of Chinese stimulus measures have all underscored the need for more fiscal support. Analysts have tempered expectations that large-scale fiscal stimulus would directly pillar consumption, instead noting how struggling local governments would likely get support first.

Persons: Bruce Pang, Finance Lan Fo'an, Xi Jinping, Pang Organizations: BEIJING —, CNBC, National People's Congress, China's, Finance, People's Bank of Locations: Beijing, BEIJING, China, JLL, People's Bank of China

☆ 13 cheap stocks with strong earnings as mega-cap growth fades in a major market shift
▼ + stars: | 2024-10-25 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Here are 13 top stocks that are cheap and have above-average earnings growth. Mega-cap growth stocks dusted their smaller peers for 18 months, beginning in early 2023. These firms have above-average earnings growth and cheaper-than-average valuations, and they have an impressive record of outperformance over the last few decades. Without potent earnings, GARP stocks could risk falling into the "value trap" category. Cheaper GARP stocks should become more appealing in that backdrop, according to BMO, and historical performance backs that up.

Persons: —, Brian Belski, he's, Belski Organizations: BMO Capital Markets, Service, BMO Capital, BMO, Markets

☆ Innovations in glass technology are driving progress in energy, sustainability, and consumer products. Here's what that looks like.
▼ + stars: | 2024-10-25 | by ( ) www.businessinsider.com time to read: +7 min

Since Otto Schott invented specialty glass in 1884, the simple material has become a cornerstone of modern technology, and driving innovation. From semiconductors to clean energy, home tech, and electric vehicles, glass is the silent enabler of progress. Specially engineered laser glass helped researchers achieve what was once thought impossible: creating more energy from a reaction than was put into it. The light, amplified by active laser glass and focused through precisely crafted optical glass, delivered significant energy to a tiny fuel pellet, triggering a fusion reaction that produced a net energy gain. The fusion reaction generated 3.15 megajoules of energy, exceeding the 2.05 megajoules of laser energy delivered to the target.

Persons: Bill James, Otto Schott, SCHOTT Organizations: SCHOTT North, Industry, photonics, Lawrence Livermore National Laboratory, SCHOTT, Insider Studios Locations: SCHOTT North America

Jim Cramer scoffed at the call — warning Friday that investors who follow these sell recommendations will likely "miss the next giant move" in Apple stock. That's why Jim has found success sticking to his "own it, don't trade it" Apple mantra. Starting with Atlantic Equities in January 2020 through KeyBanc's downgrade late Thursday, the long-term trajectory of Apple shares has been higher. Apple shares eventually hit a 52-week low of $164 in mid-April. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer scoffed, Jim, Jim doesn't, It's, Jim Cramer's, Jim Cramer, Steve Jobs, Manuel Orbegozo Organizations: Apple, Barclays, Trust, CNBC, Steve Locations: Cupertino , California

☆ UBS says buy this homebuilder with more than 25% upside
▼ + stars: | 2024-10-25 | by ( Sean Conlon | ) www.cnbc.com time to read: +1 min

Analyst John Lovallo initiated coverage on the stock with a buy rating, with his price target of $232 implying more than 27% upside from Thursday's close. Lovallo joins 11 other analysts covering the stock on Wall Street who have a strong buy or buy rating, per LSEG. Within that same time, he also sees adjusted earnings growing roughly 16% annually and mid-to-high single-digit organic revenue growth. "We believe BLDR is uniquely positioned to grow with its homebuilder customers and drive above market organic growth through its size/scale advantage and idiosyncratic growth initiatives, including the digital platform rollout," Lovallo also said. BLDR YTD mountain BLDR, year-to-date The stock rose around 1% in premarket trading Friday after his move.

Persons: John Lovallo, Lovallo Organizations: UBS, Wall Locations: FirstSource, U.S

Israel is also heavily backed by the United States, which has supplied more than 29,000 guided bombs, artillery rockets and assorted missiles since 2009. A spiraling conflict between Iran and Israel, one of the United States’ closest allies, could pull U.S. forces positioned throughout the region into the fray. Israel has told the United States that it will not attack Iran’s nuclear or oil facilities in its expected attack. Though highly unlikely, an Israeli strike on Iran’s oil facilities could prompt Iran or its proxies to target refineries in Saudi Arabia or the U.A.E. This April, Iran’s attack involving more than 300 drones and missiles, in retaliation for Israel’s killing of seven Iranian officials in Syria, shattered that supposition.

Persons: Arash Khamooshi, Abbas Araghchi, Biden, emboldening Israel, Chang W, Lee, Yahya Sinwar, Israel Organizations: Iranian Revolutionary Guard, The New York Times, International Institute for Strategic Studies, United, Senior Pentagon, The Defense Department, Area Defense, Defense, New York Times, United Arab, United Nations Locations: Israel, Gaza, Yemen, Lebanon, Iran, United States, Tehran, U.S, Gulf States, Guam, Qatar, United Arab Emirates, Bahrain, Kuwait, Saudi Arabia, Hormuz, Persian, Palestine Square, Gaza . Credit, Syria

Mārtiņš Kazāks, Bank of Latviawatch nowOn a 50-basis-point rate cut: "Well, everything should be on the table, you know, given what the data tells us. Klaas Knot, Netherlands central bankwatch now"Are we risking a structural undershoot of our inflation target? Joachim Nagel, German central bankwatch nowOn rate cuts: "This discussion about 25 or maybe something different is not helpful. On rate cuts: "The direction is clear. Gediminas Šimkus, Bank of Lithuaniawatch nowOn rate cuts: "We are clearly moving ... towards the direction of easing monetary policy.

Persons: Karen Tso, Pierre Wunsch, I'm, we've, Mario Centeno, Klaas, It's, Robert Holzmann, Joachim Nagel, disinflation, Volcker, Olli Rehn, it's, Gediminas Šimkus, Boris Vujčić Organizations: European Central Bank, International Monetary, Bank of Latvia, National Bank of Belgium, Bank of Portugal, Austrian National Bank, Bank of France, Bank of Finland, Bank of Lithuania, Croatian National Bank Locations: Washington ,, Kazāks, Netherlands, German, Galhau, Europe

☆ 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

☆ Justin Trudeau, a champion of immigration, says he overdid it and strained Canada's economy
▼ + stars: | 2024-10-25 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +4 min

Canada will reduce its target number of new permanent residents in 2025 from 500,000 to 395,000. Justin Trudeau said the new target will pause population growth in Canada over the next few years. He said Canada needed to "pause population growth and let our economy catch up," adding that while immigration was "essential" for Canada's future, it must be controlled and sustainable. Canada's population hit 41 million in April, with immigration accounting for almost 98% of population growth last year. In an interview with Bloomberg, Miller said he was not worried about the slowing population growth from immigration cuts having a negative impact on the economy.

Persons: Justin Trudeau, —, didn't, Trudeau, Marc Miller, Miller, we're Organizations: Service, Canada, Foreign Relations, CFR, Canada Mortgage, Housing Corporation, Bloomberg Locations: Canada, Ottawa

☆ Russia gave Yemen's Houthi rebels satellite data so they could attack Red Sea shipping lanes: report
▼ + stars: | 2024-10-25 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Houthi rebels used Russian satellite tracking data to hit ships in the Red Sea, The Wall Street Journal reported. AdvertisementHouthi rebels in Yemen used satellite data provided by Russia to target and attack commercial ships in the Red Sea, The Wall Street Journal reported. One of the Journal's sources said that the satellite data was transferred to the Houthis via members of the Iranian Revolutionary Guard Corps embedded with the rebels in Yemen. AdvertisementThe Houthis have for months harassed commercial ships in the Red Sea with drones and missiles, for what they say is retaliation against Israel for its bombardment of Gaza. AdvertisementMeanwhile, the US military has rotated multiple aircraft carrier groups to fend off Houthi attacks in the Red Sea, last week striking several targets in Yemen with B-2 Spirit stealth bombers.

Persons: —, Dmitry Peskov Organizations: Street Journal, Iran's Revolutionary Guard Corps, Service, Iranian Revolutionary Guard Corps, Reuters, Russian Foreign Ministry, Kremlin, Business, US Navy, Health, Israel, Drewry Locations: Red, Yemen, Russia, Israel, Iran, Moscow, Gaza

☆ KeyBanc downgrades Apple to underweight, citing iPhone sale concerns
▼ + stars: | 2024-10-25 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Recent consumer survey data on iPhone sales points to a lack of growth for Apple , according to KeyBanc Capital Markets. AAPL YTD mountain AAPL, year-to-date Nispel thinks the iPhone SE is "not purely additive" to overall iPhone sales, citing data from the firm's consumer iPhone survey for September. Additionally, among those who are likely or extremely likely to upgrade to the iPhone 16, 61% are interested in the iPhone SE. "We think this shows the iPhone SE is not incremental, and could possibly be cannibalistic to iPhone 16 sales," the analyst wrote in a Thursday note. "From our view, if iPhone SE is successful, iPhone Units could rise but [average sales prices] could fall, contrary to consensus."

Persons: Brandon Nispel, Nispel Organizations: Apple, KeyBanc, Markets Locations: U.S

☆ Here's how to leverage higher income limits for the 0% capital gains bracket
▼ + stars: | 2024-10-25 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

The taxable income formula subtracts the greater of the standard or itemized deductions from your adjusted gross income. Here's what investors need to know about planning around the 0% capital gains bracket, according to financial experts. Weigh 'tax gain harvesting'If you're sitting on profitable investments, the 0% capital gains bracket could offer a chance for "tax gain harvesting," said certified financial planner Ashton Lawrence, a director at Mariner Wealth Advisors in Greenville, South Carolina. Here's how it works: Investors in the 0% capital gains bracket can strategically sell profitable brokerage account assets without triggering capital gains taxes. Opt for tax-free rebalancingYou can also leverage the 0% capital gains bracket to rebalance brokerage account assets without triggering a tax bill, experts say.

Persons: dowell, Ashton Lawrence, Lawrence, George Gagliardi Organizations: Mariner Wealth Advisors, Coromandel Wealth Management Locations: Greenville , South Carolina, Lexington , Massachusetts

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