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☆ The US Navy is burning through missiles in the Middle East that it would need in a war with China
▼ + stars: | 2024-10-11 | by ( Jake Epstein | Chris Panella | ) www.businessinsider.com time to read: +9 min

The US Navy has been burning through interceptors fighting in Middle East conflicts, including the valuable SM-3. AdvertisementUS Navy warships have twice been called upon to defend Israel from massive Iranian ballistic missile attacks and have used SM-3 interceptors to defeat the incoming threats. But it's not just the SM-3 that the Navy is using up battling foes in the Middle East. In a short-range engagement, China's missiles wouldn't need to travel as high, and they would likely have shorter flight times and travel at slower speeds. And the number of Tomahawk Land Attack Missiles, long-range cruise missiles designed by RTX, being produced has decreased annually as well.

Persons: —, RTX, Archer Macy, Fitzgerald, Bryan McGrath, it's, Yemen that's, Macy, Navy Carlos Del Toro, Del Toro, Jim Fein, Fein, Sen, Roger Wicker, Wicker, Bryan Clark, Burke, Laura Radspinner, Clark Organizations: US Navy, Service, Navy, Mitsubishi Heavy Industries, Combat, US, Iranian, Getty, Center for Strategic, Studies ' Missile Defense, Pentagon, The Heritage Foundation, Republican, Senate Armed Services Committee, Biden, Hudson Institute, Stout Locations: Middle East, China, Israel, Iran, Iranian, USS, Erie, Yemen, Gulf of Aden, Lake Erie

“To date, GSA has entered into an MOU with the Harris transition team outlining the terms for space and services, and is prepared to provide services to the Trump transition team once an MOU is executed and services are accepted,” a GSA spokesperson said. The Harris team has also submitted its ethics plan; the Trump team has not. The federal transition coordinator, a White House spokesperson told CNN, is “actively working” with the former president’s transition team to complete its MOU. Inside Biden administration preparationsThe Biden administration began preparing for this transition in 2023, starting with the appointment of a federal transition coordinator, a senior career official who serves as the main liaison between the candidates and eventual president-elect. “We were waiting for the phone calls [from the Trump team], waiting for people to show up, and they never did.

Persons: Donald Trump’s, Max Stier, “, ”, Trump, Chris Lu, Barack Obama’s, Harris, Biden, Linda McMahon, Cantor Fitzgerald, Howard Lutnick, Joe Biden, Yohannes Abraham, ” Stier, Stier, Chris Christie, Christie, Mike Pence, Obama, Jason Miller, Aimee Whiteman, Valerie Boyd, Bush, John McCain, Lu, George W, Al Gore’s, Harris ’, Boyd, Trump’s, –, you’re Organizations: CNN, Public Service, White, Office of Management, Budget, General Services Administration, Republican, Democratic, ’, Trump, Small Business Administration, Association of Southeast Asian Nations, GSA, ”, House, New, New Jersey Gov, Biden, Activity, OMB, Center, Partnership for Public Service, Senate Locations: Indonesia, New Jersey, Florida

☆ Here are Thursday's biggest analyst calls: Nvidia, Microsoft, Netflix, CVS, Honeywell, Nike, AIG, Sunnova & more
▼ + stars: | 2024-10-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +14 min

Barclays upgrades CVS to overweight from equal weight Barclays said the stock is a "new margin story." JPMorgan downgrades Honeywell to neutral from overweight JPMorgan said it's downgrading the stock after 15 years with an overweight rating. UBS upgrades Tronox to buy from neutral UBS said it's bullish on the chemical manufacturer. "We upgrade shares of EVGO from Neutral to Buy, following the $1.05bn DOE loan conditional commitment announced last week. "Our bullish view of AIG reflects its outsized EPS growth, lower exposure to risks facing commercial lines carriers (casualty reserves and higher cat loads), high capital flexibility, and attractive valuation."

Persons: Morgan Stanley, Goldman Sachs, Goldman, it's bullish, Jefferies, TD Cowen downgrades, Cowen, Bernstein, Brinker, Kevin Hochman, Truist, it's, BIRK, Cantor Fitzgerald, Mara, Cantor, MARA, Wolfe, Google's, Satya Nadella, Lucas Jackson Organizations: Nvidia, Netflix, Barclays, JPMorgan, Honeywell, Microsoft, UBS, TD Cowen downgrades Pepsi, U.S, Department of Energy, DOE, RBC, PayPal, Cirrus, Bank of America, underperform Bank of America, Nike, Mara Holdings, AIG, DOJ, Google, Reuters Locations: EVGO, EAT's, LHX, New York City

☆ Here are Tuesday's biggest analyst calls: Nvidia, Tesla, Microsoft, Wells Fargo, Disney, Apple, First Solar & more
▼ + stars: | 2024-10-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

"We reiterate our Overweight rating on the name as NVDA remains our Top Pick." JPMorgan reiterates Charles Schwab as overweight JPMorgan raised its price target on the stock to $86 per share from $78. "We are initiating coverage of Morningstar (MORN) with a Buy rating and a $390 price target. Wells Fargo reiterates Tesla as underweight Wells says it remains "skeptical" heading into Tesla's robotaxi day later this week. "We are initiating coverage of MBX Biosciences with an Overweight rating and Dec 2025 price target of $30."

Persons: Cantor Fitzgerald, Cantor, TD Cowen, Cowen, Wolfe, Wells, Bernstein, Oppenheimer, Goldman Sachs, Milton, Irma, JPMorgan, Charles Schwab, Morningstar, Redburn, Goldman, Tesla, TSLA, Key, Affirm's, it's, Morgan Stanley, it's bullish, Abbott, Susquehanna, KeyBanc Organizations: Anheuser Busch InBev, InBev, Humana, STARS, Microsoft, Disney, JPMorgan, UBS, Biotech, Legend Biotech, Barclays, Optimus, Qualcomm, Express, American Express, Netflix, Bicara Therapeutics, Abbott Labs, Howmet Aerospace, Commercial Aerospace & Defense, Bank of America, Apple, MBX Biosciences, Delta, Argus, McDonald's Corp Locations: China, Wells Fargo, F4Q17, 1H26, Tesla's

☆ Your tax bracket may increase after 2025. Here's how it could affect your brokerage account
▼ + stars: | 2024-10-08 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Without action from Congress, trillions of tax breaks enacted by former President Donald Trump will expire after 2025, including lower federal income tax brackets, among other provisions. Higher rates after 2025 could impact some brokerage accounts since investors pay annual taxes on earnings, experts say. If you sell investments that you have owned for one year or less, the profits incur "short-term capital gains," or regular income taxes. Generally speaking, it's good to avoid short-term gains as much as you can. Actively managed mutual funds often trigger capital gains payouts, even when investors haven't sold shares, which can be a costly year-end surprise.

Persons: Donald Trump, Samantha Pahlow, Ferguson Wellman, Shea Abernethy, haven't, Abernethy, Tommy Lucas, Moisand Fitzgerald Tamayo Organizations: Ferguson, Ferguson Wellman Capital Management, Exchange, Investment Counselors Locations: Portland , Oregon, Winston, Salem , North Carolina, Orlando , Florida

☆ Tensions rise between banks and tech companies over online fraud liability in the UK
▼ + stars: | 2024-10-07 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

Meta is facing calls from U.K. banks and payment firms like Revolut to financially compensate people who fall for scams on their services. Proposals to make tech firms liableTensions have been running high between banks and tech companies for some time. A key ask has been for the tech firms to share more detailed intelligence on how criminals are abusing their platforms. Social media firms not doing enough to combat and remove attempts to defraud internet users was another complaint from regulatory authorities at the event. Jones added that it was tough to "break the inertia" at tech companies to "really get them to get after it."

Persons: Jaap Arriens, it's, Meta, Woody Malouf, Matt Akroyd, Kate Fitzgerald, Rob Jones, Jones Organizations: Nurphoto, Getty, Systems, PSR, Payments Association, Facebook, NatWest, Metro Bank, Financial Times, Labour Party, CNBC, Stewarts, Social, Economic Crime, U.K, National Crime Agency, Tech, Meta, Intelligence Locations: London

☆ Microsoft's mammoth AI bet will lead to over $100 billion in data center leases
▼ + stars: | 2024-10-01 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

As Microsoft investors get ready for quarterly earnings this month, there's one particular metric that's become increasingly important: finance leases. Overall, Microsoft made $19 billion in capital expenditures in the latest quarter. "It's an insane ramp," said Charles Fitzgerald, a former Microsoft manager who writes about capital expenditures on his blog Platformonomics. Investors will get further clarity on Microsoft's lease finances when the company reports fiscal first-quarter results in late October. Executives at Microsoft and other top tech companies have approved higher capital expenditures in the past two years, often to boost their performance in generative AI.

Persons: Satya Nadella, Charles Fitzgerald Organizations: Microsoft, Investors Locations: Jakarta, Indonesia, U.S, Pennsylvania

If you're bracing for year-end mutual fund distributions, swapping assets for exchange-traded funds could sidestep the capital gains payout for 2024 and beyond. Some mutual funds distribute yearly capital gains to shareholders, typically in November and December. By comparison, most ETFs don't have an annual payout, which helps reduce ongoing taxes. Typically, investors incur capital gains when trading profitable mutual funds for ETFs in a brokerage account. Depending on their income, certain investors can "capital gain harvest" — strategically selling profitable assets while in a lower tax bracket — to swap mutual funds for ETFs, said Tommy Lucas, a certified financial planner and enrolled agent at Moisand Fitzgerald Tamayo in Orlando, Florida.

Persons: Tommy Lucas, Moisand Fitzgerald Tamayo Locations: Orlando , Florida

☆ Here are Monday's biggest analyst calls: Nvidia, Amazon, Tesla, Meta, Disney, Apple, Uber, JPMorgan Chase & more
▼ + stars: | 2024-09-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Morgan Stanley upgrades Blackline to overweight from equal weight Morgan Stanley said the software company is undervalued. Morgan Stanley upgrades US Bancorp to overweight from equal weight Morgan Stanley said U.S. Bancorp is well-positioned going forward. Barclays reiterates Tesla as equal weight Barclays says it's not sure the EV maker's upcoming robotaxi day will be a game changer. Morgan Stanley reiterates Apple as overweight Morgan Stanley says the iPhone 16 cycle remains "unchanged" for now for Apple. Morgan Stanley downgrades JPMorgan to equal weight from overweight Morgan Stanley sees better value elsewhere than shares of JPMorgan.

Persons: Wolfe, Hess, Brent, Morgan Stanley, reprice, Cantor Fitzgerald, Cantor, Tesla, it's, Uber, Apple, Goldman Sachs, Goldman, JPMorgan, Piper Sandler, Piper, Forman, Gamble, TD Cowen Organizations: Chevron, Bancorp, U.S, MU, Autodesk, Barclays, Citi, Meta, Apple, Pro, Westlake, Resources, JPMorgan, DIS, Brown, Barclays downgrades Procter, Accenture, UBS, Brookfield, Partners Locations: AVGO, ASML, TER, OW, 4Q24

☆ I visited a century-old New York mansion that was modeled after a medieval French castle. Take a closer look.
▼ + stars: | 2024-09-28 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +2 min

Falaise is one of three 100-year-old mansions open to tour at Sands Point Preserve on Long Island. Falaise was built by Harry Guggenheim in 1923 and was modeled on a 13th-century French manor. Inside Sands Point, there are four mansions. In September, I visited Sands Point to see Falaise, the most mysterious of the three — tours are only available on weekends and you can only get there via Sands Point's transportation. Here's what it was like to visit Harry Guggenheim's summer home.

Persons: Harry Guggenheim, Guggenheim, —, Scott Fitzgerald's, Nick, Gatsby, Jordan, Daisy, Gould, Harry Guggenheim's Organizations: Service, Guggenheim, Hempstead House Locations: Falaise, Sands, Long, Nassau County, Shore, West Egg, Sands Point, Hempstead, Mille Fleurs

☆ Here are Friday's biggest analyst calls: Apple, Dell, Wynn, Walmart, Best Buy, Costco, Netflix & more
▼ + stars: | 2024-09-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Piper Sandler upgrades Accenture to overweight from equal weight Piper upgraded the IT company following its earnings report. Goldman Sachs reiterates Costco as buy Goldman says it's sticking with the stock following earnings on Thursday. Citi downgrades Dollar General to sell from neutral Citi says it sees too many competitive challenges. JPMorgan adds Best Buy to the focus list JPMorgan says it sees an "improving product cycle" for Best Buy. Bank of America downgrades HP to neutral from buy The firm says it sees slowing earnings per share growth.

Persons: Morgan Stanley, Wynn, Piper Sandler, Piper, Goldman Sachs, Goldman, it's bullish, it's, Raymond James, Mercado, Roth MKM, Roth, Cantor Fitzgerald Organizations: Wynn Resorts, Deutsche Bank reinstates Dell, Deutsche, DELL, NASDAQ, Costco, " Bank of America, Apple, Bank of America, Apple Intelligence, UBS, Vista Energy, Citi, Pepsi Citi, Catalyst, Walmart, Cava, Mercado Libre, JPMorgan, Chesapeake Energy, Barclays, Netflix, HP Locations: UAE, Macau, BMBL, CAVA, HPQ

☆ Stocks making the biggest moves midday: Wynn Resorts, Rocket Lab USA, Cassava Sciences and more
▼ + stars: | 2024-09-27 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

That came after short-seller Hindenburg Research revealed last month it had taken a short position in the company, citing "fresh evidence of accounting manipulation." Cassava Sciences — The biotech company fell 11% after agreeing to pay $40 million to settle a case with the Securities and Exchange Commission. Wynn Resorts — The stock rose about 6% thanks to an upgrade to overweight from equal weight at Morgan Stanley. Amgen — The biotech's shares rose 2% after Cantor Fitzgerald initiated research coverage with an overweight rating. — The aerospace and defense stock added 16% following a price target increase from KeyBanc Capital Markets, which retained an overweight investment rating.

Persons: Bristol Myers, Hindenburg, Morgan Stanley, Amgen, Cantor Fitzgerald, Olivia Brayer, Michael Leshock, — CNBC's Sean Conlon, Alex Harring, Yun Li, Hakyung Kim, Samantha Subin, Pia Singh Organizations: Bristol Myers Squibb, Food and Drug Administration, Bristol, Nordisk —, JPMorgan, Wall, Costco Wholesale, Revenue, Wall Street Journal, Justice Department, Hindenburg Research, Securities and Exchange Commission, Wynn Resorts, UAE, HP Inc, Bank of America, KeyBanc Locations: Nordisk — U.S, Danish, Las Vegas

☆ Turning point in drug prices is around the corner, says Cantor Fitzgerald's Louise Chen
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTurning point in drug prices is around the corner, says Cantor Fitzgerald's Louise ChenLouise Chen, Cantor Fitzgerald senior analyst, joins ‘Squawk Box’ to discuss Novo Nordisk's CEO on Capitol Hill, when drug prices could start to come down, and more.

Persons: Cantor Fitzgerald's Louise Chen Louise Chen, Cantor Fitzgerald Organizations: Novo, Capitol

☆ Stocks and bonds are at odds on what happens next after Fed rate cut
▼ + stars: | 2024-09-24 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

For the third quarter, the S & P 500 has popped 4.7%, while the Dow is higher by 7.7%. "The bond market has the fed funds rate being cut below 3% in 2025," Johnston, the firm's head of derivatives and cross asset strategy, wrote in a note Monday. On Monday, S & P Global said its U.S. manufacturing purchasing managers' index fell to a 15-month low in September — while its services sector gauge showed expansion. He likes put spreads on the SPDR S & P 500 ETF Trust (SPY) expiring Oct. 31. If history is any guide, it'll most likely be the bond market.

Persons: Cantor Fitzgerald's Eric Johnston, Johnston Organizations: Dow Jones, Federal Reserve, Dow, P Global, Trust Locations: —

Cabinet secretaries came and went in a Trump administration marked by head-spinning turnover. McMaster and John Kelly, all of whom were generals before they took high-ranking positions in the Trump administration. Another post that would loom large in a Trump administration is that of secretary of homeland security. Advisers to Trump’s transition include his sons Donald Trump Jr. and Eric Trump. Trump’s transition team is assembling small teams of people who would help shepherd nominees through to Senate confirmation.

Persons: Donald Trump, Trump, —, Hillary Clinton, Chris Christie, They've, ”, Max Stier, it’s, ” Stier, Kamala Harris, Harris, “, ” Sen, Mitt Romney, ” Romney, James Mattis, John Kelly, Romney, won’t, William Barr, Jeff Sessions, Mark Esper, Marc Short, Mike Pence, Sen, Lindsey Graham, ” Graham, Marco Rubio, Bill Hagerty of, Robert O’Brien, Mike Lee, Ken Paxton, — I’m, Dick Durbin, Tom Cotton, Mike Waltz, Mike Pompeo, Thomas Homan, Homan, ” Homan, “ Trump, Howard Lutnick, Cantor Fitzgerald, Linda McMahon, Lutnick’s, McMahon, Lutnick, Donald Trump Jr, Eric Trump ., Robert F, Kennedy Jr, Tulsi Gabbard, Doug Hoelscher, Hoelscher, Lisa Murkowski, Susan Collins of, Luther Strange, Strange, Roy Moore, Moore, Doug Jones, hadn’t, ’, President Trump, that’s, Stier Organizations: WASHINGTON, White, Former New Jersey Gov, Trump, Public Service, Democratic, H.R, McMaster, Senate, Trump White House, Republican Sens, White House, Harris, Committee, CIA, Customs, Republican National Convention, Small Business Administration, Trump’s, America, Office, Intergovernmental Affairs, Republican, Alabama, Democrat, Brookings, Capitol Locations: Washington, R, Utah, Marco Rubio of Florida, Bill Hagerty of Tennessee, Texas, Milwaukee, Hawaii, Alaska, Susan Collins of Maine, Alabama

CNN —Multiple people opened fire Saturday night in a bustling area of Birmingham, Alabama, killing four people and injuring 17 others. Seventeen other people were injured, according to Birmingham Police Chief Scott Thurmond. Authorities believe the deadly shooting was a targeted “hit.”Here’s what we know about the mass shooting. “Someone was willing to pay money to have that person killed,” Birmingham Police Chief Scott Thurmond said Sunday. “All of a sudden it was just gunshots, gunshots, gunshots,” Eslami told CNN.

Persons: Truman Fitzgerald, Anitra, Tahj Booker, Carlos McCain, Scott Thurmond, Fitzgerald, Thurmond, Randall Woodfin, ”, Gabriel Eslami, ” Eslami, “, Eslami, didn’t, Dajon Singleton, WBMA, ” “, Singleton, WBMA.Singleton, Woodfin, “ Glock, ” Woodfin, Ban Glock, ” Fitzgerald, CNN’s Zoe Sottile, Raja Razek Organizations: CNN, Police, Anitra Holloman, Authorities, Birmingham Police, Birmingham Police Department, FBI, University of Alabama, Birmingham, WVRC, WVTM, Alcohol, Tobacco, Firearms, Explosives, US, Facebook, ” Authorities Locations: Birmingham , Alabama, Birmingham, Birmingham’s, State

Harris builds momentum over TrumpWith just over six weeks until Election Day, a new national NBC News poll finds Vice President Kamala Harris with a 5-point lead over former President Donald Trump among registered voters, 49% to 44%. Still, Trump holds important advantages on the economy and inflation, as voters rank cost of living as their top concern in the election. But other key voting blocs — including Latino voters, seniors and independents — haven’t changed as much. Mark Robinson “has an obligation to defend himself” following reports last week that Robinson made lewd posts on a pornographic website over a decade ago. Billionaire donations: The nation’s wealthy opened their wallets in August, pouring millions into super PACs backing Harris and Trump.

Persons: Harris, Kamala Harris, Donald Trump, Trump, Joe Biden’s, Jiachuan Wu, Harris ’ favorability, — haven’t, Mike Johnson, Johnson, Al Jazeera’s, Walid al, ”, Truman Fitzgerald, “, GOP Sen, Lindsey Graham, Mark Robinson “, Robinson, ” Graham, ” Sen, JD Vance, it’s “, Mark Robinson, John Fetterman of, Kristen Welker, Sharyl, ” Trump, doesn’t, Sean “ Diddy ” Combs, Paras Griffin, Combs, Serna Stefany Serna, Serna, 🏈 Organizations: Trump, NBC News, NBC, Biden, Sunday, IDF, West Bank, Al, Al Jazeera Network, Manhunt, ” Birmingham Police, ” Police, Press South, GOP, Press, Gov, CNN, “, Local, Serna, ” Management Locations: Israel, Lebanon’s, Gaza, Beirut, Al, Ramallah, Al Jazeera, Alabama, Birmingham , Alabama, North Carolina, NAZI, Springfield , Ohio, Charleroi , Pennsylvania, Atlanta, Coral Gables , Florida, Miami

☆ At least 4 killed and dozens more injured in Birmingham shooting
▼ + stars: | 2024-09-22 | by ( Alex Lo | Alex Lo Is An Assignment Editor For Nbc News Based In New York. | ) www.nbcnews.com time to read: +2 min

At least four people were killed and dozens more were injured in a shooting at in Birmingham, Alabama police said early Sunday. “We believe that multiple shooters fired multiple shots on a group of people,” he said. Fitzgerald did not speculate on a motive, but said that investigators were “told that all of the victims were out in the open, on either a sidewalk or the street. It is the second mass shooting in the city this year. In July, four people were killed at a nightclub.

Persons: Truman Fitzgerald, ” Fitzgerald, ”, “, Fitzgerald Organizations: ” Birmingham Police, UAB, FBI Locations: Birmingham , Alabama

☆ Birmingham, Alabama shooting: At least 4 killed and multiple injured in shooting at popular Five Points South area, police say
▼ + stars: | 2024-09-22 | by ( Paradise Afshar | ) edition.cnn.com time to read: +3 min

CNN —At least four people were killed and “dozens” more were injured in a mass shooting in one of the most popular entertainment areas in Birmingham, Alabama, Saturday evening, the Birmingham Police Department said. Just after 11 p.m., “multiple shooters fired multiple shots on a group of people” in the Five Points South area, Birmingham Police Officer Truman Fitzgerald said. A fourth victim died at an area hospital, he added. “We have dozens of gunshot victims from this area,” Fitzgerald said. Five Points South is a busy area known for its restaurants, night clubs, pubs and live music venues near the University of Alabama at Birmingham campus and a short drive from the downtown Birmingham area.

Persons: Truman Fitzgerald, Fitzgerald, Hannah Echols, ” Fitzgerald, “ I’m, ” Organizations: CNN, Birmingham Police Department, Birmingham Police, University of Alabama, Birmingham Hospital, Birmingham Locations: Birmingham , Alabama, Birmingham, Alabama, United States

The largest single-contributor donations went to MAGA Inc., the super PAC backing Trump, with Wisconsin roofing billionaire Diane Hendricks, a prolific GOP megadonor, giving $10 million to the group. On the Democratic side, tech entrepreneurs were the biggest donors to FF PAC, also known as Future Forward, a super PAC backing Harris’ presidential bid. Moskovitz donated $3 million to FF PAC, while Hastings, Jeff Lawson and Erica Lawson each gave $1 million. Super PACs like FF PAC and MAGA Inc. are havens for prolific political megadonors like Hendricks, Lutnick and Hastings because, unlike campaigns and their affiliated committees, super PACs don’t have limits on how much individuals can donate. Yass and Uihlein are both major GOP megadonors who have given to Club for Growth and other conservative groups for multiple election cycles.

Persons: Kamala Harris, Donald Trump, Diane Hendricks, Howard Lutnick, Cantor Fitzgerald, Paul Singer, Annette Caldwell Simmons, Harold Simmons, Warren Stephens, Harris, Leon Neal, Dustin Moskovitz, Reed Hastings, Twilio, Jeff Lawson, Erica, Moskovitz, Erica Lawson, Hastings, Joe Biden, Hendricks, Jeff Yass, Richard Uihlein, Amos Hostetter Jr Organizations: Democrats, Republicans, Federal, MAGA Inc, PAC, Trump, GOP, Elliott Management, Stephens Inc, Democratic, FF PAC, Facebook, Netflix, Growth, Susquehanna International Group, for Growth, House, Congress, Continental Cablevision Locations: Wisconsin, Hastings, Lutnick, Yass, Uihlein

☆ Inside Man Group's rebuild of a key platform that will change the way the giant hedge fund analyzes data and manages risk
▼ + stars: | 2024-09-16 | by ( Bianca Chan | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The new platform, called Condor, was initially designed to replace a cobbled-together patchwork of different systems — some built more than a decade ago — underpinning Man AHL, the firm's systematic-trading arm. Over time, Man built different systems to trade them all. With Condor, Fitzgerald wants to bring those together — the research, the trading, and the logging — into a single platform. But software engineers adding functionalities, risk teams managing exposure, and support teams ensuring trading systems are running will also be using Condor.

Persons: —, Barry Fitzgerald, Fitzgerald, cohead, it'll, Condor Organizations: Service, Business, Condor, Man AHL, AHL

☆ You can't produce inflation without printing money, says Trump transition co-chair Howard Lutnick
▼ + stars: | 2024-09-16 | 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 EmailYou can't produce inflation without printing money, says Trump transition co-chair Howard LutnickHoward Lutnick, Trump-Vance transition co-chair and CEO and chairman of Cantor Fitzgerald, BGC Group and Newmark Group chairman, joins 'Squawk Box' to discuss the state of the 2024 election, Trump's economic plan, and more.

Persons: Trump, Howard Lutnick Howard Lutnick, Vance, Cantor Fitzgerald Organizations: Trump, Newmark Group

☆ A timeline of the Apalachee High School shooting
▼ + stars: | 2024-09-15 | by ( Emma Tucker | ) edition.cnn.com time to read: +7 min

Within two hours of arriving at Apalachee High School in Winder, prosecutors said he committed the deadliest US school shooting since the March 2023 rampage at the Covenant School in Nashville, and the 45th this year. The Barrow County Sheriff’s Office arrive at the school a short while later with two school resource officers. An officer, sounding slightly out of breath, asks the dispatcher to “roll EMS.” She is heard confirming emergency medical services were en route to the high school. Law enforcement and first responders control traffic after a shooting took place at Apalachee High School in Winder, Georgia, on September 4, 2024. With the suspect detained, officers stream into Apalachee High, evacuating students from classrooms as paramedics tended to the wounded.

Persons: Colt Gray, Colin Gray, Richard Aspinwall, Cristina Irimie, Mason Schermerhorn, Christian Angulo, Apalachee High School Colt Gray, Gray, Lyela Sayarath, Marcee Gray, I’m, Jud Smith, “, – that’s, ” Smith, WXIA, Colt, Smith, Christian Monterrosa, Morris Midd, HMMS, ”, there’s, WXIA Gray, ” Lyela, ” CNN’s Dalia Faheid, Ashley R, Williams, Alisha Ebrahimji, Nouran Salahieh, Michelle Krupa, Nicole Chavez, Jamiel Lynch Organizations: CNN, Apalachee High School, Covenant School, Sheriff’s Office, Barrow County, Georgia Bureau of Investigation, Washington Post, WXIA, Authorities, Getty, ABC Locations: Georgia, Winder, Nashville, Barrow, Barrow County, Apalachee, Winder , Georgia, AFP, Fitzgerald

☆ JD Vance's Wall Street allies raise millions for the Trump campaign
▼ + stars: | 2024-09-11 | by ( Brian Schwartz | ) www.cnbc.com time to read: +7 min

Wall Street relationshipsOne of Vance's earliest interactions with Wall Street came shortly after the November 2016 presidential election, when he headlined a lunch in New York to discuss his newly published memoir. John Underwood, a longtime managing director at Goldman Sachs, encouraged his allies to support and raise money for Vance's Senate campaign, according to people familiar with the matter. He told them the Trump campaign would need "hundreds of millions of dollars" to compete with Vice President Kamala Harris' fundraising surge. The Ohio Republican's opposition to Wall Street was on full display during the Republican National Convention in Milwaukee in July. "Wall Street barons crashed the economy and American builders went out of business," Vance said in his nomination acceptance speech.

Persons: Vance, Marco Bello, Sen, JD Vance, Donald Trump's, Scott Bessent, Morgan Stanley's Jonathan Burkan, Cantor Fitzgerald, Howard Lutnick, Norm Champ, Keith Rabois, Jacob Helberg, J.D, Champ, Sander Gerber, Gerber, Goldman Sachs, Ohio Republican Sen, Rob Portman, John Underwood, Underwood, Steve Case, Trump, Omeed Malik, Emil Henry, Henry, Bush, Ted Virtue, Woody Johnson, Clifford Sobel, Richard Kurtz, Kamala Harris, Harris, Malik, John Paulson, Reuben Jeffery III Organizations: Republican U.S, Reuters, Ohio, Trump, Vance, Securities and Exchange Commission, CNBC, Hudson, Hudson Bay Capital, Netflix, Allen & Company, Ohio Republican, Senate, AOL, Tiger Infrastructure Partners, New York Jets, Hamptons, Valor Capital, Rockefeller & Co, Wall, Republican National Convention Locations: Kenosha, Kenosha , Wisconsin, U.S, New York City, Hudson Bay, New York, Ohio, Sun Valley , Idaho, Washington, Milwaukee

☆ Watch CNBC’s full interview with Cantor Fitzgerald’s Eric Johnston, NB Private’s Shannon Saccocia and Invesco’s Kristina Hooper
▼ + stars: | 2024-09-10 | 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 EmailWatch CNBC’s full interview with Cantor Fitzgerald’s Eric Johnston, NB Private’s Shannon Saccocia and Invesco’s Kristina HooperCantor Fitzgerald’s Eric Johnston, NB Private’s Shannon Saccocia and Invesco’s Kristina Hooper, join 'Closing Bell' to discuss the market trends, rate cuts and inflation.

Persons: Cantor Fitzgerald’s Eric Johnston, Shannon Saccocia, Invesco’s Kristina Hooper Cantor, Eric Johnston, Invesco’s Kristina Hooper

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