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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEthridge: Hopeful the election happens with little fanfare, as markets don't like uncertaintyMalcolm Ethridge of Capital Area Planning Group discusses whether the markets can look past the election to trade higher through the end of the year, and highlights a top pick in the fintech space.
Persons: Malcolm Ethridge Organizations: Area
However, on "Mad Money" following the release, Jim said Alphabet delivered an "unambiguously great quarter." Alphabet Why we own it : Alphabet's Google Search is an invaluable tool for advertisers. Revenue for the Google Search, YouTube ads, and Google Network line items totaled $65.85 billion. That was up more than 10% from the year-ago quarter, though it was a slower growth rate than in the second quarter. The company exited the quarter with $93.23 billion in cash, cash equivalents, and marketable securities on its balance sheet.
Persons: It's, Jim Cramer, Jim, it's, Sundar Pichai, We're, Waymo, Anat Ashkenazi, Pichai, Jim Cramer's, Justin Sullivan Organizations: Google, U.S, European, Justice Department, Big Tech, Nvidia, YouTube, Microsoft, Revenue, Google Services, Walmart, Dallas Fort, CNBC Locations: U.S, Dallas, Dallas Fort Worth, Mountain View , California
For nine years, the CFO role at Google and parent company Alphabet was held by Ruth Porat, who took a giant pay package in 2015 to leave Wall Street for Silicon Valley. "But I think any organization can always push a little further and I'll be looking at additional opportunities." During the Q&A portion of the call, Evercore ISI's Mark Mahaney asked, "As you're coming in looking at this fresh, is it clear to you there are a lot of newfound cost efficiencies or ongoing cost efficiencies?" The new CFO said one way Google can find additional efficiencies is by using AI "within our own processes and how we get work done." WATCH: Google search benefiting from generative AI
Persons: Ruth Porat, Porat's, Anat Ashkenazi, Sundar Pichai, Ruth, Sundar, Ashkenazi, Eli Lilly, Porat, There's, Pichai, Askenazi, Evercore, Mark Mahaney Organizations: Google, Tuesday Locations: Silicon Valley
Markets might see a weakening in oil prices, Al Mal Capital says
  + stars: | 2024-10-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets might see a weakening in oil prices, Al Mal Capital saysFaisal Hasan, chief investment officer and head of asset management at Al Mal Capital, says markets might see a short-term rally after the U.S. election results.
Persons: Al Mal Capital, Faisal Hasan Organizations: Al
"Data may be the new oil, and it's ultimately nations, not nature, that's going to determine the future of AI infrastructure built." AI relies on massive amounts of data for training and gigantic data centers. Despite a slowing economy, Beijing has been investing in AI data centers, and launched a $6.1 billion national initiative called "Eastern Data, Western Computing." The U.S. has its own slate of initiatives, including a task force on AI infrastructure. "The Arab Gulf countries of the Middle East present many promising opportunities for AI data centers," Cohen wrote.
Persons: Goldman Sachs, Jared Cohen, Goldman, Cohen, it's, They've, Anthropic Organizations: Goldman Sachs Global Institute, CNBC, Google, Microsoft, Meta, Computing, United, United Arab Locations: China, Beijing, U.S, Canada, Australia, France, Gulf, OpenAI, United Arab Emirates, Qatar, Saudi Arabia
The S & P 500 is toting a 1.3% gain in October, but it's up more than 22% in 2024. He said his team expects the CBOE Volatility Index (VIX) , a measure of expected volatility, to remain elevated around 20 until after Election Day. Individual investors are already expressing some worries about how the markets might behave in the run-up to Nov. 5 – and the days that follow. Cash-secured puts can offer investors an opportunity to put cash to work and generate some income, he said. Covered call strategies have also come into play as a potential way for investors to contend with concentrated positions, he added.
Persons: Craig Johnson, Piper Sandler, Logan Queck, I'm, Malcolm Ethridge, Ethridge, they've, Ashton Lawrence, Cash, Lawrence Organizations: Wealth, CFP, Capital, IRS, Investment Company Institute, Mariner Wealth Advisors Locations: West Des Moines , Iowa, Washington ,, Greenville , South Carolina
China is considering a fresh $1.4 trillion stimulus, Reuters reported. The package could be approved next week and would increase in size if Trump wins the election. The large fiscal stimulus would be increased if Republican nominee and former President Donald Trump wins the US election, the report says. The remaining 4 trillion yuan would be raised by local government bonds and put toward idle land and property purchases, the sources told Reuters. AdvertisementIf Trump is elected, the stimulus package could be higher due to the economic challenges Trump's policies would pose for China, the sources told Reuters.
Persons: Trump's, , Donald Trump, Trump, he's, Goldman Sachs Organizations: Reuters, Trump, Service, Republican, National People's Congress, China, Wall Locations: China, Beijing
Lost Chopin music uncovered in ‘thrilling’ discovery
  + stars: | 2024-10-29 | by ( Jack Guy | ) edition.cnn.com   time to read: +3 min
“He found it peculiar that he could not think of any waltzes by Chopin that matched the measures on the page,” reads the statement. “Chopin famously wrote in ‘small forms,’ but this work, lasting about one minute, is shorter than any other waltz by him,” adds the statement. “Extensive research points to the strong likelihood that the piece is by Chopin,” according to the statement. This research included analysis by paper conservators who found that the paper and ink match those that Chopin normally used. The discovery of an unknown piece of work by Chopin has not happened since the late 1930s, according to the museum.
Persons: Frédéric Chopin, Robinson McClellan, , Chopin, “ Chopin, , ” McClellan, Jeffrey Kallberg, McClellan, Colin B, Bailey, Poland’s Organizations: CNN, Morgan Library & Museum, University of Pennsylvania Locations: New York City, Polish, Paris, France, Warsaw, Swiss
AdvertisementWall Street bankers tasked with helping companies raise money through sales of stock just got an early Christmas present. The sale ended up raising nearly $21 billion, marking one of the largest deals for US equity-capital-markets bankers in history. Thanks to the Boeing capital raise, he now predicts ECM bonus increases of 30%, he said. 'A rising tide lifts all boats,' comp expert saysThe ultimate size of Boeing's capital raise puts it in league with some of the largest raises ever, according to global equity capital raise data provided by LSEG. But, based on Johnson's forecast, it seems those involved in the Boeing capital raise may find themselves flying highest on bonus day.
Persons: Goldman Sachs, , bookrunners Goldman Sachs, Morgan Stanley, Alan Johnson, Johnson, Semafor, Thoma Bravo, It's, they've Organizations: Boeing, PJT Partners, RBC Capital Markets, Service, Monday, Bank of America, Citigroup, JPMorgan, Wall, Johnson Associates, LSEG, Petrobras, Lloyds, Nasdaq Locations: Brazilian, British
It was an AI recruiter. And LinkedIn wants to fix the disconnect, in part by fighting AI … with AI. AdvertisementEarlier this year, the company rolled out new AI tools to premium subscribers. ZipRecruiter also rolled out revamped AI tools to help job seekers find better matches this summer. AdvertisementCanseco has not yet tried LinkedIn's AI tools because she isn't a premium user, but she could get access to them soon.
Persons: Paloma Canseco, She's, Robin, Canseco, Robin wasn't, I'm, Rohan Rajiv, Rajiv, Monster, résumés, Hayley Finegan, Finegan, who's, Josh Bersin, they're, Julia Pollak, ZipRecruiter's, ZipRecruiter, Millie Black, she's, Black Organizations: LinkedIn, US Bureau of Labor Statistics, Human Resource Management
This is how she came across Amnesty International, an organization that works for the promotion and defense of human rights. María is one of the cases where Amnesty International had to intervene to ensure a safe abortion. People hold green handkerchiefs during a demonstration in support of safe and legal abortion access to mark International Safe Abortion Day, in Buenos Aires, Argentina, September 28, 2023. Similarly, information from health professionals in the Safe Abortion Access Network (RedAAS by its acronym in Spanish) aligns with this. CNN contacted the National Ministry of Health regarding both shortages and the second public information request but did not receive a response.
Persons: María, misoprostol, Javier Milei, Anna Moneymaker, Mariana Nedelcu, Lucila Galkin, Galkin, Silvina Ramos, , Ramos, can’t Organizations: CNN, , Ministry of Health, National Sexual Health, Amnesty, Conservative Political, Gaylord, Amnesty International, American, National Directorate of, Argentina’s Ministry of Health, Galkin, National Ministry of Health Locations: Misiones, Argentina, Posadas, Montecarlo, Eldorado, National Harbor , Maryland, Buenos Aires, Amnesty International Argentina
He sees gaps in the launch market for Firefly's Alpha and coming MLV rockets, which slot into the middle of the small-to-heavy class of vehicles. Firefly has three main product lines: its rockets, Alpha and MLV; space tugs, called Elytra, and lunar landers, known as Blue Ghost. More rocketsThe company's fifth Alpha launch lifts off from Vandenberg Space Force Base in California in July 2024. A rendering of the MLV rocket. Firefly AerospaceKim sees Firefly as having a key advantage — "an engine that works" — in its Reaver engines that power the Alpha rockets.
Persons: Jason Kim, Firefly Aerospace Jason Kim, he's, Elon Musk's, ULA, Jeff Bezos, Kim, he'd, I'm, … I'm, what's, Firefly's, Trevor Mahlmann, Northrop, Aerospace Kim, Miranda, We've, MLV, Firefly's Alpha, Lockheed Martin, Simone Biles, we're Organizations: Firefly Aerospace, Aerospace, Boeing, Elon, Elon Musk's SpaceX, Firefly's Alpha, CNBC, Firefly, Alpha, California's Vandenberg Space Force Base, Industrial Partners, Vandenberg Space Force, SpaceX, Lockheed, Payload Services, NASA, Blue Locations: U.S, Austin , Texas, California's, California, Northrop's, Briggs , Texas
Stanley Black & Decker reported mixed quarterly results before Tuesday's opening bell, and the stock got whacked. SWK YTD mountain Stanley Black & Decker YTD Shares of Stanley Black & Decker consolidated around an 8% decline after the release. We upgraded Stanley Black & Decker on Tuesday morning back to our buy-equivalent 1 rating on the belief the stock reaction to the print was overdone. Stanley Black & Decker Why we own it: Stanley Black & Decker is in the later innings of a multi-year restructuring plan. To honor the occasion, Donald Allan, Jr., President & CEO of Stanley Black & Decker, joined by Chris Taylor, NYSE Global Head of Advisory, rings the Opening Bell®.
Persons: Stanley Black, Decker, Stanley, Donald Allan, we're, Allan, , Jim Cramer's, Jim Cramer, Jim, Donald Allan , Jr, Chris Taylor Organizations: Revenue, Stanley Black, Treasury, Federal, Bosch, Techtronic Industries, Management, CNBC, The New York Stock Exchange, NYSE Global Locations: Dewalt, Europe
Corporate earnings growth, productivity growth, and business fixed investment all seem to be headed in the right direction as well. Related storiesThese signals have given David Kelly, JPMAM's chief global market strategist, great confidence. Such tariffs would cause "seismic shocks to the US economy," Tom Orlik, the chief economist at Bloomberg Economics, said earlier this month. Charles Schwab global investment strategy chief Jeffrey Kleintop cited tariffs as a top risk back in June. "But oddly enough, the global economy bounced back anyway.
Persons: David Kelly, , JPMAM, Kelly, Donald Trump who's, Tom Orlik, Charles Schwab, Jeffrey Kleintop, I'd Organizations: JPMorgan Asset Management, Service, Asset Management, Federal Reserve, Bloomberg Economics, Peterson
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Kevin Simpson sells Texas Instruments and buys OracleKevin Simpson, Capital Wealth Planning founder and CIO, joins CNBC's "Halftime Report" to break down his latest portfolio moves
Persons: Kevin Simpson, Oracle Kevin Simpson Organizations: Texas, Oracle, Wealth Planning
A woman died on Saturday after backing into plane's propeller while trying to take a picture at an airfield in Kansas, officials said. The Sedgwick County Sheriff’s Office said the woman was critically injured in the incident and later died at the hospital, according to NBC News affiliate KSNW. The woman was identified by the sheriff's office as 37-year-old Amanda Gallagher of Wichita, Kansas. The sheriff's office did not immediately respond to a request for comment from NBC News on Monday. The airfield is also the home of Air Capital Drop Zone.
Persons: Amanda Gallagher, KSNW, Gallagher, , ” Martin Myrtle, Myrtle, Cook, Wichita —, GoFundMe Organizations: NBC News, . Air, Air, Federal Aviation Administration, National Transportation Safety Board Locations: Kansas, Sedgwick, Wichita , Kansas, Derby, Wichita
Halloween revelers in Shanghai on Sunday. Video shared on social media and geolocated by NBC News shows dozens of police officers crossing a road near Zhongshan Park where Halloween revelers gathered in recent days. My 6-year-old was wearing a hat with a pirate emblem, and they even asked him to take it off,” read one comment Sunday from a Shanghai resident on Chinese social media platform Weibo. There was no official announcement of an outright ban or clear restrictions on Halloween activities from Shanghai officials, but local businesses reported receiving notices. Halloween-related activities appeared to go ahead as planned at Shanghai Disneyland and another theme park, Happy Valley.
Persons: , Organizations: HONG KONG — Police, Publishing, Getty, Shanghai, NBC News, Police, Shanghai Information, Reuters Locations: HONG KONG, Shanghai, China, Zhongshan Park, Weibo, Jing, Zhongshan
The base GOP voters Trump is most focused on aren’t necessarily the same voters who are key to the coalition Snyder is trying to build. Gretchen Whitmer, and two-seat majorities in both the state House and the state Senate (Democrats also hold a majority on the state Supreme Court). “The only advantage they have is old notions,” Whitmer said last week at her own event to support state House candidates in Oakland County. All the districts he’s targeting “can swing either way,” Snyder said. Rick Snyder is openly trying to get MAGA extremists elected to the state House,” Kubitschek said.
Persons: Rick Snyder, ” Snyder, , Donald Trump, There’s, Snyder, Kamala Harris, Fred Upton, Trump, Peter Meijer, , Tommy Brann, ” Paul Hudson, Hillary Scholten, Meijer, “ I’ve, ” Hudson, Mike Rogers, ’ “, Gretchen Whitmer, Whitmer, , ” Whitmer, Geoff Robins, Joe Biden, I’ve, , ’ ” Snyder, Ron Robinson, Tom Kuhn, Tommy Kubitschek, Snyder’s, It’s, MAGA, ” Kubitschek, Jennifer Conlin, Ann Organizations: Michigan Gov, GOP, Republicans, Trump, Republican, NBC News, White, Michigan’s Republican U.S, Senate, Democratic, Michigan, Getty, Pepsi, Michigan ”, Council, Brann, Affordable, Democrats, Michigan Democratic Party, , Republican Party Locations: WYOMING, Mich, , Michigan, There’s, Grand, Detroit, Battle, Traverse City, Grand Rapids, , Lansing, Oakland County, Flint, AFP, Utica, Troy, Ann Arbor
Georgian Dream Party supporters celebrate the exit poll results in Tbilisi on Saturday. Diego Fedele / Getty ImagesPresident Salome Zourabichvili spoke the day after the vote, which the electoral commission said the ruling party had won. The Georgian Dream party clinched nearly 54% of the vote, the commission said, as opposition parties contested the result and vote monitors reported significant violations. Georgian Dream has become increasingly authoritarian over the past year, adopting laws similar to those used by Russia to crack down on speech. Despite that, Georgian Dream has adopted Russia-style laws and many Georgians fear the government is distancing the country from the West and into Moscow’s orbit.
Persons: Diego Fedele, Salome Zourabichvili, Georgia’s, , Zourabichvili, Antonio López, White, Charles Michel, , Irakli Kobakhidze, ” Hungary’s Victor Orbán, Tiko Gelashvili, Natia Seskuria Organizations: European Union, Georgian Dream Party, Getty, European, Sunday, Georgian, The United National Movement, Regional Institute for Security Studies, AP Locations: United States, Russia, Europe, Tbilisi, Georgian, Russian, Brussels, South Caucasus, , Georgia, Tiko, Georgia’s, Moscow, Soviet Union, Javakheti
The military seized power from the elected government of Aung San Suu Kyi in February 2021, giving rise to intensified fighting with long-established armed groups associated with Myanmar’s ethnic minority groups, and prompting the formation of new pro-democracy militias. Two weeks later the Arakan Army launched attacks in its home western state of Rakhine, and since then other militia groups and PDFs have joined in around the country. But at the same time, resistance groups are closing in on Mandalay, Myanmar’s second-largest city in the center of the country. The Tatmadaw has been accused of deliberately targeting civilians in retribution for perceived support for the resistance militias, something it denies. Should the Tatmadaw fall, that could lead to the fragmentation of Myanmar unless the groups work hard to resolve political and territorial differences.
Persons: Aung, Suu Kyi, Alliance —, , Connor Macdonald Organizations: Myanmar National Democratic Alliance Army, Arakan Army, National Liberation Army, Alliance, Council, United Nations ’ Office, Human Rights, Army, Institute for Strategy Locations: BANGKOK, Myanmar, Russia, China, Suu, Shan, Rakhine, Kayah, Naypyidaw, Yangon, Mandalay, Myanmar’s, Chin, Paletwa, Syria, Beijing
To distinguish this type of turbid Japanese alcohol from that of the ubiquitous and transparent sake, there are two distinct if slightly misleading categories: seishu (清酒), or clear sake, and doburoku (濁酒). However, when making doburoku, they are all simultaneously placed in with the yeast starter, causing the resulting mixture to be comparatively overflowing with sugars. For nearly as long as rice has been cultivated in Japan, doburoku has existed. In essence, all doburoku made from then on came to be called mitsuzoushu (密造酒), “secretly produced alcohol,” or moonshine. The state of doburoku todayOpened in 2015, Tokyo’s Sake Hotaru was the first legal spot to offer doburoku in Japan’s capital.
Persons: Heiwa, doburoku, homebrewing, Utsunomiya Hitoshi, Utsunomiya, , Hotaru, Norimasa Yamamoto, it’s, , Kato, Shinobu Kato, ” Kato Organizations: Tokyo CNN, Makers Association Locations: Tokyo, Nihombashi, Wakayama prefecture, Japan, Edo, Borne, doburoku, Japan’s, Brooklyn
New York CNN —Trump Media & Technology Group is losing money, generating very little revenue and its main product Truth Social remains a relatively small player in social media. And yet Wall Street is valuing former President Donald Trump’s social media company at nearly $8 billion, a price tag that has tripled in the span of just five weeks. Since plunging to record lows on September 23, Trump Media’s share price has skyrocketed. Trump Media’s share price saw a sharp decline in July after President Joe Biden ended his reelection bid. “If this were called Joe’s Media Company, we wouldn’t even be talking about it and it wouldn’t have a value anywhere close to this.
Persons: New York CNN —, Donald Trump’s, “ I’ve, ” Gene Munster, Munster, Trump, ” Munster, , it’s, ” Trump, George Kailas, ” Kailas, Kailas, “ There’s, Joe Biden, Kamala Harris, Harris, , Steve Sosnick, Sosnick, ” Sosnick, he’s Organizations: New, New York CNN, New York CNN — Trump Media & Technology Group, Trump, White, Trump Media, Republican, Asset Management, CNN, Democratic, Interactive Brokers, Munster, , Joe’s Media Company Locations: New York, Munster, Trump’s
Expect more volatility coming from markets, says Dryden Pence
  + stars: | 2024-10-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect more volatility coming from markets, says Dryden PenceDryden Pence, CIO of Pence Capital Management, talks about how political uncertainty in both Japan and the U.S. will affect markets and currencies, especially the Japanese yen.
Persons: Dryden Pence Dryden Pence Organizations: Pence Capital Management Locations: Japan, U.S
Earnings season is in full swing, and some names reporting this week are positioned for major moves. So far, 37% of those in the broad market index have reported this quarter, resulting in what has been a mixed reporting period. According to LSEG, earnings have come in 6.1% above expectations, while revenue is 1.5% higher, as of Monday. Last week, the stock advanced more than 1% on Wednesday due to JMP Securities upgrading it to market outperform from market perform. The financial services provider has jumped around 52% over the past three months and more than 41% over the past month.
Persons: Andrew Boone, Greenlight Capital's David Einhorn, Einhorn, Kamala Harris, Donald Trump Organizations: Dow Jones, Apple, CNBC Pro, Securities, Robin Hood Investors Conference, U.S, Technologies
CNN —Thick, toxic smog has once again enveloped northern India and eastern Pakistan just days before the start of Diwali, a Hindu festival typically celebrated with fireworks that each year sends air quality plummeting. Schoolgirls wearing masks ride a motorcycle as they leave school amid a rise in smog levels in Lahore, Pakistan on October 25, 2024. India’s air pollution has been found to be so bad, that experts have warned smog could take years off the lives of hundreds of millions of people. Delhi had banned the use and sale of firecrackers ahead of Diwali, but the policy has been difficult to implement. Arvind Yadav/Hindustan Times/Getty ImagesSome Indian cities have seen improvements in their air quality, according to government data, but progress has been slow.
Persons: Arif Ali, Sanchit Khanna, Arvind Yadav, ’ ” Jyoti Pande Lavakare Organizations: CNN, Getty, India’s, Hindustan Times, Air Locations: India, Pakistan, Delhi, Pakistani, Lahore, AFP, Punjab, Haryana, New Delhi, New
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