DIRS.INFO The most relevant business & tech news

☆ The Chinese EV loved by Ford's CEO just got a lot faster
▼ + stars: | 2024-10-30 | by ( Tom Carter | ) www.businessinsider.com time to read: +4 min

Ford CEO Jim Farley is a big fan of Xiaomi's SU7 EV — and it just got a major upgrade. The Chinese tech giant unveiled the SU7 Ultra, a high-performance electric car with a max speed of 350km per hour. AdvertisementFord CEO Jim Farley's favorite Chinese EV just got a major upgrade. Speaking on a podcast last week, Ford CEO Farley praised Xiaomi as an "industry juggernaut" and said he was a big fan of the SU7. AdvertisementWestern automakers like Ford are under pressure from Chinese electric car makers, which are expanding rapidly worldwide.

Persons: Jim Farley, —, Jim Farley's, Xiaomi, Farley, Lei Jun, it's, I've, Tesla, Elon Musk Organizations: —, Service, Ford, Citibank Locations: China, presale, Shanghai, Chicago

☆ TikTok’s founder is now China’s richest person. But the country’s total number of billionaires has shrunk
▼ + stars: | 2024-10-30 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +4 min

CNN —China has a new richest person – and it’s the entrepreneur behind the wildly popular, and controversial, app TikTok. Zhang Yiming, 41, co-founder of TikTok’s parent company ByteDance, topped the 2024 Hurun China Rich List, released Tuesday. His wealth reached $49.3 billion, as assessed by research, media and investment group Hurun Inc, which publishes the ranking of the country’s richest people. ByteDance also holds China’s popular news app Toutiao and Douyin, TikTok’s sister app in China. Billionaires on the declineOverall, the number of US-dollar billionaires in China shrank to 753, down 142 from the previous year.

Persons: Zhang Yiming, Zhang’s ascendency, Hurun, TikTok, it’s, –, Zhang, Liang Rubo, ByteDance, Zhong Shanshan, Zhong, Ma, Rupert Hoogewerf, ” Organizations: CNN, Hurun Inc Locations: China, India, Britain, Canada, Australia, Beijing, Hong Kong, Macao, Taiwan

☆ 'Absurdly cheap': Bottom-up investor names Japan sectors — and stocks — to invest in right now
▼ + stars: | 2024-10-30 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +5 min

Japanese markets have made steady gains so far this week — and one bottom-up investor sees potential for them to advance even further. "When we look at the valuations of a lot of companies, they look absurdly cheap," he added. Department stores Among the segments Kato is looking at favorably in Japan is department stores. His optimism on department stores is an interesting one, given that many have "not expanded for about 30 years." So overall, department stores look quite interesting," he added.

Persons: Mio Kato, Kato, Shigeru Ishiba's Organizations: LightStream Research, CNBC Pro, Nikkei, Tokyo Stock Exchange, Department, Holdings, U.S, Toyota Motor, Nissan, Honda, Toyota Locations: Japan, Southeast Asia, China, U.S

☆ ByteDance founder tops China's rich list for the first time, beating Tencent and Nongfu heads
▼ + stars: | 2024-10-29 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

ByteDance founder Zhang Yiming for the first time has emerged as China's richest person, according to a list compiled by Hurun Research Institute, leaving behind Nongfu Spring Chairperson Zhong Shanshan who has topped the rankings for three years. Midea founder He Xiangjian and CATL's CEO Zeng Yuqun took fifth and sixth places on the list. "The Hurun China Rich List has shrunk for an unprecedented third year running, as China's economy and stock markets had a difficult year," said Rupert Hoogewerf, Hurun report chairman and chief researcher. The current rich list predominantly comprises entrepreneurs from the technology, consumer electronics and new energy space, from what used to be dominated by real estate developers, Hoogewerf noted. "The stories of the individuals on the Hurun China Rich List tell the story of the Chinese economy," he said.

Persons: Zhang Yiming, Zhong Shanshan, Zhang, Zhong, ByteDance, Hurun, Ma Huateng, Colin Huang, Xiangjian, Zeng Yuqun, Rupert Hoogewerf, Hoogewerf, ByteDance's Zhang, Huang Organizations: Hurun Research Institute, Nongfu, Research Locations: Shanghai, China

☆ I had no idea I was going through perimenopause at 39. It felt like a second puberty.
▼ + stars: | 2024-10-29 | by ( Shalwah Evans | ) www.businessinsider.com time to read: +5 min

I felt like no one was talking to me about what perimenopause symptoms were like. It felt like I was going through puberty all over again — but how could that be in my late 30s? Little did I know second puberty is not an official term but one used regularly when talking about perimenopause. But I know that talking about perimenopause can be helpful to other women who are feeling the same way. Going forward, I'll allow my feelings and show grace to myself and other women entering second puberty with no clue what they're in store for.

Persons: —, I've, I'd, Brandye Manigat, Manigat, perimenopause Organizations: Service Locations: barre

☆ What are endocrine-disrupting chemicals? Experts explain
▼ + stars: | 2024-10-29 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +9 min

The question is how worried should people be about these endocrine-disrupting chemicals (EDCs), such as phthalates, BPA or bisphenol A, and brominated flame retardants? Endocrine-disrupting chemicals are not produced by the human body but influence the way your hormones function, Bloom said. CNN reached out to the National Pest Management Association and the Personal Care Products Council for comment. Gradually replacing personal care products one at a time as you use up individual products is a great place to start, she said. “But personal care products is one thing where I think folks have a lot of autonomy and what they’re purchasing within reason.”

Persons: United States –, Michael Bloom, Bloom, ” Bloom, Alexa Friedman, ”, ” Friedman, Natalie Shaw, “, Friedman, – Friedman Organizations: CNN, George Mason University College of Public Health, Environmental, Cleveland Clinic, Endocrine Society, “, Pediatric Neuroendocrinology Group, National Institute of Environmental Health Sciences, Pesticides, National Pest Management Association, Care Products Council, US Environmental Protection Agency, EPA, allergists, Mayo Clinic Locations: United States, EDCs, Fairfax , Virginia

☆ Election Day stress is affecting some companies' sales
▼ + stars: | 2024-10-26 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Companies from United to Nestlé have talked about a sales slowdown due to the presidential election. AdvertisementOther companies have invoked the election but not provided details about the dynamics leading consumers to pull back. AdvertisementPeople under 34 were also more likely than older consumers to put off a major financial commitment until after the election, 84.51 found. AdvertisementMany companies are also forecasting that demand will return after either Trump or Harris wins the election. Polls show that the race between Trump and Harris is close to a toss-up just over a week ahead of Election Day.

Persons: Nestlé, —, Kamala Harris, Donald Trump, Trump, Brian Olsavsky, Olsavsky, Anna Manz, Alex Trott, Trott, Gen, Ron Hill, Harris, George W, Bush, Hill Organizations: United, Service, Constellation Brands, Delta, Nestlé, Business, Research, Boomers, BI, Deutsche Bank, Harris, Modelo, Constellation, Kogod School of Business, Trump, White Locations: Modelo, Butler , Pennsylvania

☆ Tesla is offering a Cybertruck accessory that it can't fully install
▼ + stars: | 2024-10-26 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Some Cybertruck owners seem to be getting their hands on the light bar accessory — but there's a catch. One YouTuber said he had to finish installing the light bar on his Cybertruck himself. AdvertisementTesla Cybertruck owners will have to do some DIY if they want to equip their vehicles with one of its most eye-catching accessories. The Foundation Series "Cyberbeast" version of Tesla's futuristic electric truck comes with an off-road light bar — an LED light fitting that sits above the front windshield. Brownlee said the light bar was also not connected to the internal harness that allows it to get power.

Persons: YouTuber, —, Tesla, YouTuber Marques Brownlee, Brownlee, Elon Musk Organizations: Service, Traffic Safety Administration, NHTSA, Business

☆ What you need to know about the Chinese EV loved by Ford's CEO — and why you can't get it in the US
▼ + stars: | 2024-10-25 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +5 min

Ford CEO Jim Farley praised the Xiaomi SU7, a new Chinese EV he's driving. Costfoto/NurPhoto via Getty ImagesThe SU7 is Xiaomi's first vehicle since the Chinese smartphone and consumer electronics giant announced plans to build an EV in March 2021. Costfoto/NurPhoto via Getty ImagesThe SU7 comes in three versions — the SU7, SU7 Pro, and the SU7 Max — that start at 215,900 yuan or about $30,300. Costfoto/NurPhoto via Getty ImagesThe SU7 turns up the wow factor in the cabin. Costfoto/NurPhoto via Getty ImagesThe car also features some impressive performance.

Persons: Jim Farley, Xiaomi, —, he's, They're, Farley, it's, Max —, Max, Ford EVs Organizations: he's, Service, Getty, Beijing Automotive, Hyundai, Mercedes, Benz, Xiaomi, Tesla, McLaren, Future Publishing Locations: China, Chicago, Shanghai

☆ 'Made in Mexico' trade controversy is provoking another kind of border war
▼ + stars: | 2024-10-25 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

Sparking controversy is language within the USMCA that covers how a product gains the "Made in Mexico" designation from U.S. Customs. There is bipartisan concern about Mexico serving as a trade "back door" for Chinese exports to evade tariffs. Trump threats not slowing trade boom Trump has said he wants to renegotiate the USMCA deal he struck with the North America partners in 2020. Chinese manufacturing in Mexico will be a likely part of the trade renegotiation. Threats of additional tariffs are not slowing down trade with Mexico.

Persons: Donald Trump, Zekelman, San Luis Potisi, Jordan Dewart, Biden, Trump, Mary Lovely, Anthony Solomon, Dewart Organizations: U.S . Customs, Zekelman Industries, Bloomberg, Getty, Peterson Institute for International Economics, Trump, North America, Companies, DHL, Uber, Moody's Analytics Locations: United States, Mexico, Canada, U.S, North America, Republic of Mexico, Beach, Calif, Chicago, San Luis, Luis Potisi, Redwood Mexico, China, Mexican, El Paso, Laredo , Texas, East Asia

☆ 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

☆ 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

Amid the flurry of partnerships announced on the occasion was a deal between Reliance and Nvidia to build AI infrastructure in India. Nvidia on Thursday announced a slew of partnerships with major Indian firms and launched a Hindi language model, as the American chip company looks to ramp up business in one of the world's biggest technology markets. Nvidia also announced Nemotron-4-Mini-Hindi 4B — a small language model in Hindi, the widest-spoken of India's multitude of languages. Companies running Nvidia hardware can deploy this language model, while Indian IT consultancy Tech Mahindra is using Nvidia's model to launch its own Hindi AI model, Project Indus 2.0. "India is very, very dear to the world's computer industry, central to the IT industry," Huang said.

Persons: Huang, Jensen Huang, Akshay Kumar, Mukesh Ambani, Narendra Modi, Modi, Neil Shah, Shah Organizations: Reliance, Nvidia, Yotta, Tata Communications, Reliance Industries, Companies, Indian, Tech Mahindra, Infosys, Wipro, TCS, Reliance Jio, Ambani's Reliance Industries, Counterpoint Research, CNBC Locations: India, Mumbai, American

☆ The IMF just raised its growth forecast for the US economy this year — but expects a slowdown in 2025
▼ + stars: | 2024-10-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The International Monetary Fund raised its growth forecast for the US economy to 2.8% this year. AdvertisementThe International Monetary Fund raised its growth forecast for the US, projecting the world's largest economy would expand by 2.8% this year instead of the 2.6% it predicted in July. However, they predicted GDP growth would slow to 2.2% in 2025 as the US government curbs its spending and the labor market cools, sapping consumption. The IMF projected global growth of 3.2% in both 2024 and 2025, virtually unchanged from its previous prediction. They underscored their latest forecast for global growth over the next five years of 3.1% was "mediocre" compared with the pre-pandemic average.

Persons: — Organizations: Monetary Fund, IMF, Service, UN Locations: China, East, Central Asia, Africa, Asia

☆ Russia's friendship with North Korea may have backfired
▼ + stars: | 2024-10-22 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

Kim Jong Un and Vladimir Putin share a toast at a banquet table North Korean State MediaRussia's dangerous new allianceFor decades, South Korea has been in an uneasy standoff with its isolated and authoritarian neighbor, North Korea. AdvertisementRussia formed a new military alliance with North Korea to secure badly needed ammunition from North Korean stockpiles for its faltering campaign in Ukraine. South Korea is increasingly concerned about the technological capabilities and security guarantees North Korea has likely gained from Russia in return. Russia, previously a backer of sanctions designed to curtail North Korea's nuclear program, is now helping North Korea evade them. South Korea says it could arm UkraineIn response to Russia's strengthened relationship with North Korea, South Korea is threatening to arm Ukraine in its battle against the Russian invasion.

Persons: —, Georgiy Zinoviev, Yoon Suk, Zinoviev, Dmitry Peskov, Kim Jong Un, Vladimir Putin, Ellen Kim, Russia's, Joe Biden, Kim Hong Kyun Organizations: Kremlin, Service, Russia, Korean, Korean State Media, Bloomberg, Center for Strategic, International Studies, ROK, South Korea's National Security Council, South, New York Times, Korea's Locations: Korea, North, Russia, Ukraine, North Korea, South Korea, US, Seoul, Asia, East Asia, Moscow, Russian, It's, South

☆ Indian retail group seeks antitrust probe of quick commerce companies Swiggy, Blinkit, Zepto
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: +2 min

Zomato's Blinkit, Zepto, and Swiggy, which runs the Instamart delivery service and is backed by SoftBank , did not respond to Reuters queries. India's biggest group of retail distributors has asked the antitrust authority to investigate three quick commerce companies — Zomato's Blinkit, Swiggy and Zepto — for alleged predatory pricing, a letter showed on Sunday. "Implement protective measures for traditional distributors and small retailers to safeguard their interests," it urged the Competition Commission of India. Annual sales on Indian quick commerce platforms are set to exceed $6 billion this year, with Blinkit having a nearly 40% market share, while Swiggy and Zepto around 30% each, research firm Datum Intelligence said. Reflecting the strength of the quick commerce sector, Zomato's shares have doubled this year and Swiggy will in the coming weeks will launch its over $1 billion IPO.

Persons: Zomato's, SoftBank, —, Swiggy Organizations: India Consumer Products Distributors Federation, Nestle, Hindustan Unilever, Reuters, Competition Commission of India, Blinkit, Intelligence, Sunday Locations: India

☆ Looking for dividend stocks? Here are Morgan Stanley’s top Asia picks for the fourth quarter
▼ + stars: | 2024-10-21 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

As investors attempt to navigate volatile global markets, Morgan Stanley is reiterating its recommendation to buy dividend stocks. Morgan Stanley named the world's largest contract electronics manufacturer as its top pick. Shares of Hon Hai are traded on the Taiwan Stock Exchange and are included in ETFs such as the iShares MSCI Taiwan ETF (6.2% weight). Morgan Stanley has a 12-month target price of 270 New Taiwan dollars ($8.42) on the stock, giving it around 30% potential upside. Morgan Stanley has a target price of 8.76 Hong Kong dollars ($1.13) on the stock, implying around 43% upside.

Persons: Morgan Stanley, Morgan, Mogan Stanley, Hai, Brent, CNBC's Michael Bloom Organizations: Asia, Apple, Hai Precision, Taiwan Stock Exchange, New, Hong Kong, Brent, Shanghai Stock Exchanges Locations: Japan, Asia, Pacific, China , Hong Kong, Taiwan, New Taiwan, Hong Kong, U.S

☆ Wall Street analysts get it wrong on two of our portfolio industrial stocks
▼ + stars: | 2024-10-21 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

New research from Wall Street analysts missed the mark on two of our industrial-focused stocks. The news on Stanley Black & Decker Baird increased Stanley Black & Decker's price target to $104 per share from $94. Baird reiterated its hold-equivalent rating on shares, arguing Stanley Black & Decker's "turnaround progress remains a key focus." SWK YTD mountain Stanley Black & Decker YTD Big picture Stocks tied to housing like Stanley Black & Decker have been under pressure lately because the 10-year Treasury yield keeps rising despite the Federal Reserve's jumbo 50-basis-point interest rate cut last month and signals of further easing into year-end and beyond. Stanley Black & Decker "will be ignited when those [rate cuts] start occurring in earnest," he said.

Persons: Stanley Black, Decker Baird, That's, Baird, Decker, Stocks, Stanley, Jim Cramer, DuPont Morgan Stanley, Morgan Stanley, Jim, Jim Cramer's, Michael M Organizations: Wall Street, Federal, DuPont, de Nemours, Barclays, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: New York City

☆ Analysts pick winners from China stimulus measures
▼ + stars: | 2024-10-20 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Now that China's key ministers have spoken on stimulus, analysts have narrowed down the stocks likely to benefit. Chinese stocks have tempered their recent rally as investors await more policy details. Beyond interest rate cuts, the most tangible Chinese stimulus policies include subsidies to boost consumption with a trade-in program, along with incremental property market support. They screened for mainland-traded Chinese stocks with relatively high dividend yields and strong cash flow. While Chinese property developers may not bounce back right away, HSBC analysts expect construction software company Glodon, listed in Shenzhen, can benefit from property market stabilization.

Persons: David Chao, Morgan Stanley, Morgan, Ni Hong, Edward Chan Organizations: Asia Pacific, Aluminum Corp, Cement, HSBC, National Bureau of Statistics Locations: Japan, Invesco, Hong Kong, Anhui, Beijing, Shenzhen, Shanghai

☆ D.E. Shaw, Mantle Ridge zero in on key fixes to build shareholder value at Air Products
▼ + stars: | 2024-10-19 | by ( Kenneth Squire | ) www.cnbc.com time to read: +12 min

Air Products provides industrial gases and related equipment in end-markets such as refining, chemicals, metals, electronics, manufacturing and food. These long-term contracts functionally guarantee an unlevered double-digit return before Air Products even needs to put a dollar into the ground. Investors appreciate companies like Air Products for their low-risk and highly stable cash-flowing operations. On Oct. 4, Mantle Ridge announced a more than $1 billion position in Air Products, and echoed a similar sentiment and identified similar issues as D.E. We strongly expect that many of Air Products' other shareholders are concerned about the same issue.

Persons: It's, Shaw, unadulterated, Praxair, Seifi, Linde, D.E, Seifi Ghasemi, Ghasemi, Samir Serhan, Mantle, Paul Hilal, Scott Sutton, Olin, Russell, Ken Squire Organizations: Air Products, Chemicals, Air Liquide, Linde, Products, Air, D.E, Technologies, Fidelity National Information Services, FedEx, Verisk, Healthcare Trust, 13D Locations: Saudi Arabia, Louisiana, Texas, D.E, Air

☆ AI is driving semiconductor industry, says CEO Electronics at Merck KgaA
▼ + stars: | 2024-10-18 | 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 EmailAI is driving semiconductor industry, says CEO Electronics at Merck KgaAKai Beckmann, a member of the executive board and the CEO Electronics at Merck KgaA, discusses the use of AI in the semiconductor industry.

Persons: Merck KgaA Kai Beckmann Organizations: Merck, Merck KgaA

☆ A key source of America’s economic power strengthened last month
▼ + stars: | 2024-10-17 | by ( Bryan Mena | ) edition.cnn.com time to read: +1 min

Retail sales were up across most categories last month, rising the most at specialty stores (+4%), clothing stores (+1.5%) and at health and personal care shops (+1.1%). Excluding those sales, retail spending was up a much stronger 0.6%. Consumer spending makes up about 70% of the US economy, with retail sales comprising a sizable chunk of that. The latest figures on retail spending represent another reassuring sign that America’s economy is nowhere near a recession. The Federal Reserve delivered a bold half-point rate cut last month, the first time the central bank has lowered interest rates in more than four years.

Persons: Jerome Powell Organizations: Washington CNN, Consumer, Federal Reserve

☆ Best Buy and Danaher are on the move Thursday — here's what is behind their different fates
▼ + stars: | 2024-10-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim said he has previously debated selling some Danaher shares around their current levels of $275 but now he has "cold feet." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, Sartorius, Stocks, Jim Cramer's Organizations: CNBC, Nasdaq, Dow Jones, Commerce Department, Nvidia, Broadcom, Club, CSX, Elevance, AMD Locations: Blackstone

☆ Retail sales rose 0.4% in September, better than expected; jobless claims dip
▼ + stars: | 2024-10-17 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

A customer during the grand re-opening of a Century 21 department store in New York, US, on Tuesday, May 16, 2023. Retail sales increased a seasonally adjusted 0.4% on the month, up from the unrevised 0.1% gain in August and better than the 0.3% Dow Jones forecast, according to the advanced report. Excluding autos, sales accelerated 0.5%, better than the forecast for just a 0.1% rise. The numbers are adjusted for seasonal factors but not inflation, which rose 0.2% on the month as measured by the consumer price index. Despite the decline in initial filings, continuing claims, which run a week behind, edged higher to 1.867 million.

Persons: Dow Jones, Helene, Milton Organizations: Federal Reserve, Commerce Department, Dow, Labor Department, Stock, Boeing Locations: New York, Florida, North Carolina, U.S, Michigan

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Broadcom: Of course, we love the company's AI business — both its custom silicon solutions for companies such as Alphabet and its networking chips that help stitch data centers together. Stanley Black & Decker: Jim said that this stock is the "most significant beneficiary" from lower rates in the entire portfolio. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, there's, Lisa Su, Wells, Salesforce, CrowdStrike, it's, we've, Walt Disney, —, Eaton, we're, Kamala Harris, Harris, Jim's, Linde, Eli Lilly, Lilly isn't, That's, Morgan Stanley, Goldman Sachs, D.A, Satya Nadella's, Palo, cybersecurity, Brian Niccol, We're, Stanley Black, Decker, TJX, Charlie Scharf, Wells Fargo's, Jim Cramer, Angela Weiss Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple Intelligence, Abbott Laboratories, Devices, AMD, Nvidia, Broadcom, Apple, Federal Reserve, Costco Wholesale, Costco, Coterra, DuPont, Disney, ESPN, GE Healthcare, Democratic, Biden, Honeywell, Linde, Adobe, Microsoft, Davidson, Palo Alto Networks, Constellation Brands, Modelo, Corona, TJX, Jim Cramer's Charitable, New York Stock Exchange, AFP, Getty Locations: Wells Fargo, BlackRock, Dover, Eaton, China, U.S, Chipotle, New York City

Search resuls for: "Electronics"

25 mentions found